CELEX: 31979R1507
Language: en
Date: 1979-07-19 00:00:00
Title: Commission Regulation (EEC) No 1507/79 of 18 July 1979 fixing the world market price for colza and rape seed

19 . 7 . 79                                Official Journal of the European Communities                          No L 182/ 17
                                      COMMISSION REGULATION (EEC) No 1507/79
                                                           of 18 July 1979
                                   fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                       seeds (7), as last amended by Regulation (EEC) No
COMMUNITIES,                                                          1506/79 (»);
Having regard to the Treaty establishing the European                Whereas, if the price system is to operate normally,
Economic Community,                                                  the world market price should be calculated on the
                                                                     following basis :
Having regard to Council Regulation No 136/66/EEC
of 22 September 1966 on the establishment of a                       — in the case of currencies which are maintained in
common organization of the markets in oils and                            relation to each other at any given moment within
fats ( ! ), as last amended by Regulation (EEC) No                         a band of 2-25 % , a rate of exchange based on
590/79 (2),                                                                their effective parity ;
                                                                     — for other currencies, an exchange rate based on the
Having regard to Council Regulation (EEC) No                               arithmetic mean of the spot market rates of each
1569/72 of 20 July 1972 laying down special                                of these currencies recorded for a given period in
measures for colza and rape seed (3), as last amended                      relation to the Community currencies referred to
by Regulation (EEC) No 852/78 (4),                                         in the previous indent ;
Having regard to Commission Regulation (EEC) No                      Whereas it follows from applying these provisions
2300/73 of 23 August 1973 laying down detailed                        that the world market price for colza and rape seed
rules for applying differential amounts for colza and                 should be as set out in the Annex hereto,
rape seed and repealing Regulation (EEC) No
1464/73 (5), as last amended by Regulation (EEC) No
1 234/77 (6), and in particular Article 9 (4) thereof,                HAS ADOPTED THIS REGULATION :
Having regard to the opinion of the Monetary
Committee,                                                                                      Article 1
Whereas, pursuant to Article 9 (4) of Regulation (EEC)               The world market price referred to in Article 9 (4) of
No 2300/73 , the Commission must determine the                        Regulation (EEC) No 2300/73 shall be as set out in
                                                                      the Annex hereto .
world market price for colza and rape seed ;
Whereas the world market price should be deter­                                                 Article 2
mined in accordance with the rules and the criteria
set out in Commission Regulation (EEC) No 1400/79                     This Regulation shall enter into force on 19 July
of 5 July 1979 fixing the amount of the subsidy on oil                1979 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 18 July 1979 .
                                                                                  For the Commission
                                                                                   Finn GUNDELACH
                                                                                      Vice-President
(M  OJ     No 172, 30 . 9 . 1966, p. 3025/66.
(2) OJ     No L 78 , 30 . 3 . 1979, p. 1 .
(3) OJ     No L 167, 25. 7. 1972, p. 9 .
(«) OJ     No L 116, 28 . 4. 1978 , p. 6.
(s) OJ     No L 236, 24. 8 . 1973, p. 28 .                            (7) OJ No L 168, 6. 7. 1979, p. 10.
'*) OJ     No L 143, 10 . 6. 1977, p. 9 .                             (8) See page 15 of this Official Journal .
 ---pagebreak--- No L 182/ 18                               Official Journal of the European Communities                                                            19 . 7. 79
                                                                       ANNEX
               to the Commission Regulation of 18 July 1979 fixing the world market price for colza and
                                                                      rape seed
                                                                                                                                      (ECU / 100 kg) (1)
           CCT
          heading                                   Description                                                    World market price
            No
     ex 12.01            Colza and rape seed                                                                             23.288
                                                                                                                                      (ECU / 100 ke)(')
                                                                                           World market price where the subsidy
           CCT                                                                              is fixed in advance for the month of
          heading                       Description
            No
                                                                        July         August        September      October     November      December
                                                                        1979           1979           1979          1979         1979         1979
    ex 12.01            Colza and rape seed                            23.288       23-288          23.288        23-288      23.954        23.954
    (') The conversion rates from ECU into national currency as foreseen by Article 9 (5) (a) of Regulation (EEC) No 2300 /73 are the following :
        1 ECU    = DM           2.51064
        1 ECU    = Fl           2-72077
        1 ECU    = Bfr/ Lfr    39.4582
        1 ECU    = FF           5.79831
        1 ECU      Dkr          7.08592
        1 ECU    = I £          0.662638
        1 ECU    = £            0.608980
        1 ECU    = Lit      1 119-94