CELEX: 31979R1620
Language: en
Date: 1979-07-28 00:00:00
Title: Commission Regulation (EEC) No 1620/79 of 27 July 1979 fixing the world market price for colza and rape seed

28 . 7. 79                               Official Journal of the European Communities                        No L 190/ 19
                                      COMMISSION REGULATION (EEC) No 1620/79
                                                          of 27 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,                                                        1575/79 (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 (1), 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 30 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, 27 July 1979 .
                                                                               For the Commission
                                                                                Finn GUNDELACH
                                                                                   Vice-President
(») OJ    No 172, 30 . 9 . 1966, p. 3025/66 .
(2) OJ    No L 78 , 30 . 3 . 1979, p. 1 .
Q)  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 168 , 6. 7. 1979, p. 10.
M OJ No L 143, 10. 6. 1977, p. 9.                                   (8) OJ No L 188, 26. 7. 1979, p. 47.
 ---pagebreak--- No L 190/20                                 Official Journal of the European Communities                                                            28 . 7. 79
                                                                        ANNEX
                to the Commission Regulation of 27 July 1979 fixing the world market price for colza and
                                                                       rape seed
                                                                                                                                       (ECU / 100 ke)(<)
            CCT
          heading                                    Description                                                    World market price
             No
    ex 12.01              Colza and rape seed                                                                             23-288
                                                                                                                                       (ECU / 100 kv)(>)
                                                                                            World market price where the subsidy
            CCT                                                                              is fixed in advance for the month of
          heading                        Description
             No                                                                                                    October
                                                                         July        August         September                  November      December
                                                                         1979          1979             1979         1979         1979         1979
    ex 12.01             Colza and rape seed                           23.288       23.288           23-288        22-993      23.584        23.584
    (*) 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   =  £            0.599229
        1 ECU    =  Lit      1 119.94