CELEX: 31974R0507
Language: en
Date: 1974-03-01 00:00:00
Title: Regulation (EEC) No 507/74 of the Commission of 28 February 1974 determining the world market price for colza and rape seed

No L 59 / 70                                  Official Journal of the European Communities                              1 . 3 . 74
                                  REGULATION (EEC) No 507 /74 OF THE COMMISSION
                                                             of 28 February 1974
                                determining the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                            Whereas to enable the price system to operate
COMMUNITIES,                                                              normally, the world market price should be calculated
                                                                         on the following basis :
Having regard to the Treaty establishing the European
Economic Community ;                                                     — in the case of currencies which are maintained in
                                                                              relation to each other, at any given moment,
 Having regard to Council Regulation No 136/                                  within a band of 2-25 % , a rate of exchange based
66/EEC (') of 22 September 1966 on the establish­                             on their effective parity ;
ment of a common organization of the markets in oils
and fats, as last amended by Regulation (EEC) No                         — for other currencies an exchange rate based on the
 1707/73 (2 ) ;                                                               arithmetic mean of the spot market rates of each
Having regard to Council Regulation (EEC) No                                  of these currencies recorded for a given period, in
 1 569/72 (3 ) of 20 July 1972 laying down special                            relation to the Community currencies referred to
measures for colza and rape seed, as last amended by                          in the previous subparagraph ;
Regulation (EEC) No 3477/73 (4) ;                                        Whereas, applying all these provisions, the world
Having regard to Commission Regulation (EEC) No                           market price for colza and rape seed should be fixed
2300/ 73 (5) of 23 August 1 973 laying down detailed                      as shown in the Table annexed to this Regulation,
rules for applying differential amounts for colza and
rape seed and repealing Regulation (EEC) No
 1464/73 , as last amended by Regulation (EEC) No                         HAS ADOPTED THIS REGULATION :
456/74 (b), and in particular Article 9 (4) thereof ;
Having regard to the Opinion of the Monetary                                                      Article 1
Committee ;
                                                                         The world market price referred to in Article 9 (4) of
Whereas, pursuant to Article 9 (4) of Regulation (EEC)                    Regulation (EEC) No 2300 /73 and the rates to be used
No 2300 / 73 , the Commission must determine the                          for converting them into national currencies shall be
world market price for colza and rape seed ;                              as shown in the Table annexed to this Regulation.
Whereas the world market price should be deter­
mined in accordance with the rules and the criteria                                               Article 2
set out in Commission Regulation (EEC) No
 1 898 /73 (7) of 13 July 1973 fixing the amount of the                  This Regulation shall enter into force on 1 March
subsidy on oil seeds ;                                                    1974 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done . at Brussels, 28 February 1974.
                                                                                    For the Commission
                                                                                      P.J. LARDINOIS
                                                                                Member of the Commission
(') OJ   No   172, 30 . 9 .  1966, p . 3025/66 .
(2) OJ   No   L 1 75 , 29 . 6 . 1973 , p . 5 .
P)  OJ   No   L 167, 2.5 .  7 . 1972, p . 9 .
(4) OJ   No   L 357 , 28 .  12. 1973 , p. 6.
(5) OJ   No   L 236, 24 .   8 . 1973 , p. 28 .
(o) 0"J No L 51 , 23 . 2. 1974, p . 30.
(7) O J No L 193 , 14 . 7 . 1973 , p. 26 .
 ---pagebreak--- 1 . 3 . 74                               Official Journal of the European Communities                                    No L 59/71
                                                               ANNEX
           World market price applicable from 1 March 1974 for colza and rape seed (CCT heading
                                                            No ex 12.01 )
                                                                                                        u.a. /100 kg (',
           World market price :                                                                           31-572
           World market price where the subsidy is fixed in advance :
           — for the month of March                                                                       31-572
           —     for the    month  of April                                                               29-869
           —     for the    month   of May                                                                29-869
           —     for the    month   of June                                                               29-486
           —     for the    month   of July                                                               28-997
           —     for the    month   of August                                                             28-665
           (') 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         3-21978
               1  u.a .  =    Fl         3-35507
               1  u.a .  =    Bfr/Lfr   48-6572
               1  u.a .  =    FF         5-92298
               1  u.a .  ■=   Dkr        7-57831
               1 u . a. =,    £          0-520643
               1 u . a. *=    Lit      770-974