CELEX: 31979R0498
Language: en
Date: 1979-03-15 00:00:00
Title: Commission Regulation (EEC) No 498/79 of 14 March 1979 fixing the world market price for colza and rape seed

No L 65/20                             Official Journal of the European Communities                             15. 3 . 79
                                   COMMISSION REGULATION (EEC) No 498/79
                                                      of 14 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 497/79 (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
                                                                 — in the case of currencies which are maintained in
of 22 September 1966 on the establishment of a
common organization of the markets in /oils and                        relation to each other at any given moment within
fats (J), 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 15 March
of 22 December 1978 fixing the amount of the                      1979 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States.
               Done at Brussels, 14 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 .
(')  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 .
 (') OJ  No L 143, 10. 6. 1977, p. 9.                              (8) See page 18 of this Official Journal.
 ---pagebreak--- 15. 3. 79                                        Official Journal of the European Communities                                                    No L 65/21
                                                                         ANNEX
                     to the Commission Regulation of 14 March 1979 fixing the world market price for colza
                                                                      and rape seed
                                                                                                                                        (u.a. /100 kg) (')
                CCT
              heading                                     Description                                                World market price
                 No
       ex 12.01                Colza and rape seed                                                                         18-491
                                                                                                                                        (u.a./100 kg) (')
                                                                                            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                       18-491       18-491          18-491        18-491       18-186      18-125
       (') The conversion rates from units of account into national currency as foreseen by Article 9 ( 5) (a) of Regulation ( EEC) No 2300 / 7.1 are the
           following :
            1 u.a . = DM               3-03524
           1 u.a . = Fl                3-28928
            1  u.a .  = Bfr/ Lfr      47-7031
            1  u.a .  = FF             6-97496
            1  u.a .  = Dkr            8-56656
            1  u.a .  = £              0-809979
            1 u.a . = I £              0-809979
            1 u.a . = Lit          1 375-42