CELEX: 31979R0525
Language: en
Date: 1979-03-21 00:00:00
Title: Commission Regulation (EEC) No 525/79 of 20 March 1979 fixing the world market price for colza and rape seed

21 . 3 . 79                                 Official Journal of the European Communities                           No L 70 /9
                                       COMMISSION REGULATION (EEC) No 525/79
                                                           of 20 March 1979
                                  fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                        subsidy on oil seeds (7), as last amended by Regulation
COMMUNITIES,                                                          (EEC) No 524/79(8);
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
1562/78 (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
                                                                                                 Article 1
Committee ,
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 3048/78                     This Regulation shall enter into force on 21 March
of 22 December 1978 fixing the amount of the                           19 79 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 20 March 1979 .
                                                                                   For the Commission
                                                                                    Finn GUNDELACH
                                                                                       Vice-President
(')  OJ   No 172, 30 . 9 . 1966, p. 3025/66 .
(2 ) OJ   No L 185, 7. 7. 1978 , p. 1 .
(3)  OJ   No L 167, 25. 7 . 1972, p. 9 .
(4)  OJ   No L 116 , 28 . 4 . 1978 , p. 6 .
(5)  OJ   No L 236, 24. 8 . 1973, p. 28 .                              (7) OJ No L 361 , 23 . 12. 1978 , p. 18 .
(6)  OJ   No L 143, 10. 6. 1977, p. 9 .                                ($) See page 7 of this Official Journal .
 ---pagebreak--- No L 70/ 10                                    Official Journal of the European Communities                                                       21 . 3 . 79
                                                                       ANNEX
                   to the Commission Regulation of 20 March 1979 fixing the world market price for colza
                                                                    and rape seed
                                                                                                                                      (u.a./100 kg)(1)
             CCT
            heading                                     Description                                                World market price
               No
     ex 1 2.0 1              Colza and rape seed                                                                         18-856
                                                                                                                                      (u.a./100 M (')
                                                                                          World market price where the subsidy
             CCT                                                                            is fixed in advance for the month of
            heading                         Description
               No -                                                     March         April            May          June         July       August
                                                                        1979          1979            1979          1979         1979        1979
     ex 12.01                Colza and rape seed                       18-856       18-856          18-856        18-795      18-734       18-673
     (') The conversion rates from units of account into national currency as foreseen by Article 9 ( 5) (a) of Regulation ( EEC) No 2300 /73 are the
         following :
          1  u.a .  = DM             303524
          1  u.a .  = Fl             3-28928
          1  u.a .    Bfr/ Lfr      47-7031
          '  u.a .  = FF             6-97496
          1  u.a .  = Dkr            8-56656
          1  u.a .  = £'             0-803232
          1  u.a .  = 1 £            0-803232
          1  u.a .  = Lit        1 375-42