CELEX: 31977R0371
Language: en
Date: 1977-02-24 00:00:00
Title: Commission Regulation (EEC) No 371/77 of 23 February 1977 determining the world market price for colza and rape seed

24. 2. 77                              Official Journal of the European Communities                          No L 52/33
                                   COMMISSION REGULATION (EEC) No 371 /77
                                                    of 23 February 1977
                           determining the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                   oil seeds (7), as last amended by Regulation (EEC) No
COMMUNITIES,                                                     370/77 (») ;
Having regard to the Treaty establishing the European            Whereas to enable the price system to operate
Economic Community,                                               normally, the world market price should be calculated
                                                                 on the following basis :
Having regard to Council Regulation No 136/
                                                                 — in the case of currencies which are maintained in
66/EEC 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,
fats (]), as last amended by Regulation (EEC) No                      within a band of 2-25 % , a rate of exchange based
 1707/73(2),                                                          on 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 3477/73 (4),                                   in the previous subparagraph ;
Having regard to Commission Regulation (EEC) No                  Whereas, applying all these provisions, the world
2300/73 of 23 August 1973 laying down detailed                    market price for colza and rape seed should be fixed
rules for applying differential amounts for colza and            as shown in the table annexed to this Regulation,
rape seed and repealing Regulation (EEC) No
1464/73 (5), as last amended by Regulation (EEC) No              HAS ADOPTED THIS REGULATION :
632/75 (6), 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                                           Article 2
mined in accordance with the rules and the criteria
set out in Commission Regulation (EEC) No 1713/76                This Regulation shall enter into force on 24 February
of 15 July 1976 fixing the amount of the subsidy on               1977 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States.
               Done at Brussels, 23 February 1977.
                                                                            For the Commission
                                                                             Finn GUNDELACH
                                                                                Vice-President
(') OJ   No 172, 30. 9. 1966, p. 3025/66.
(2) OJ   No L 175, 29. 6. 1973, p. 5.
(3) OJ   No L 167, 25. 7. 1972, p. 9.
(4) OJ   No L 357, 28 . 12. 1973, p. 6.
(s) OJ   No L 236, 24. 8 . 1973, p. 28 .                         (7) OJ No L 192, 16. 7. 1976, p. 17.
(6) OJ   No L 66, 13. 3. 1975, p. 11 .                           (8) See page 31 of this Official Journal .
 ---pagebreak--- No L 52/34                                 Official Journal of the European Communities                                                          24. 2. 77
                                                                        ANNEX
           World market price applicable from 24 February 1977 (or colza and rape seed (CCT
                                                              heading No ex 12.01)
                                                                                                                                  u.aJ100 kv (')
           World market price                                                                                                        23.767
           World market price where the subsidy is fixed in advance :
           — for the month of February 1977                                                                                          23.767
           — for the month of March 1977                                                                                             23.767
           —      for    the month    of  April 1977                                                                                 23.222
           —      for    the month    of  May 1977                                                                                   23.222
           —      for    the month    of  June 1977                                                                                  23.373
           —      for    the month    of  July 1977                                                                                  23.373
           (') 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 15665
                I u.a . -    F1           3-35507                                                                                    v
                I u.a. —     Bfr/ Lfr    48-6572
                I  u.a .  -  FF           6-54982
                I  u.a .  -  Dkr          7-89407
                I  u.a .  -    £          0-775723
                I  u.a .  -  I£           0-775723
                I  u.a .  -  Lit      I 168-98