CELEX: 31968R0427
Language: en
Date: 1968-04-08 00:00:00
Title: Regulation (EEC) No 427/68 of the Commission of 8 April 1968 amending Regulation No 633/67/EEC as regards the advance fixing of the export refund on common wheat

70                                   Official Journal of the European Communities
   No L 88/12                         Official Journal of the European Communities'                              9.4.68
                             REGULATION (EEC) No 427/68 OF THE COMMISSION
                                                      of 8 April 1968
                 amending Regulation No 633/67/EEC as regards the advance fixing of the export refund
                                                    on common wheat
  THE     COMMISSION      OF   THE    EUROPEAN       COM­         probable actual prices after the entry into force of
  MUNITIES ,                                                      those agreements ; whereas therefore provision should
                                                                  be made for the possibility of an additional refund
                                                                  reduction to take account of foreseeable market
  Having regard to the Treaty establishing the                    trends after the expected date of entry into force
  European Economic Community;                                    of the agreements ;
 Having regard to Council Regulation No 120/67/                   Whereas the measures provided for in this Regulation
  EEC1 of 13 June 1967 on the common organisation                 are in accordance with the Opinion of the Manage­
  of the market, in cereals, and in particular Article 16         ment Committee for Cereals ;
  ( 6) thereof;
                                                                  HAS ADOPTED THIS REGULATION :
 Whereas Article 16 (4) of that Regulation provides
  that, in the case of advance fixing of the export re­                                  Article 1
  fund on cereals, a corrective amount shall apply to
  it; whereas to this end, for the reasons given in the           The following new subparagraph shall be added to
 preamble to Commission Regulation No 633/67/                     Article 1 of Regulation No 633 /67/EEC before the
 EEC 2 of 27 September 1967 on the advance fixing                subparagraph starting with the words 'In the intervals
 of the export refund on cereals, the refund valid on             between weekly fixings . . . ':
 the day on which application for the export licence
 is made must be increased or reduced by calculating                  'However, as regards applications for advance
 a c.i.f. forward delivery price reflecting the price dif­             fixing lodged before 1 July 1968 in respect of
 ference on the world market between the day that                     exports of common wheat to be effected as from
 application was made and the month of export;                        that date, the refund resulting from the above
                                                                      calculation may be reduced by an additional
                                                                      amount taking account of foreseeable market
 Whereas, however, under international agreements                     trends .'
 between countries exporting common wheat, those
 countries will generally adhere to certain 'minimum                                     Article 2
 prices' from 1 July 1968 ; whereas therefore the c.i.f.
 forward delivery price may not adequately reflect the           This Regulation shall enter into force on the day
 difference between world market price levels when               following its publication in the Official Journal of
 the applications for a licence are actually made and            the European Communities.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 8 April 1968 .
                                                                                    For the Commission
                                                                                        The President
                                                                                          Jean REY
1 OJ No 117, 19.6.1967, p. 2269/67.
2 OJ No 233 , 28.9.1967, p. 9.