CELEX: 31975R1323
Language: en
Date: 1975-05-24 00:00:00
Title: Regulation (EEC) No 1323/75 of the Commission of 23 May 1975 determining the world market price for colza and rape seed

24. 5. 75                               Official Journal of the European Communities                        No L 133/59
                            REGULATION (EEC) No 1323/75 OF THE COMMISSION
                                                        of 23 May 1975
                           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 (1 ) 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
                                                                      of these currencies recorded for a given period, in
Having regard to Council Regulation (EEC) No                          relation to the Community currencies referred to
 1 569/72 (3) of 20 July 1972 laying down special                     in the previous subparagraph ;
 measures for colza and rape seed, as last amended by
Regulation (EEC) No 3477/73 (4) ;                                 Whereas, applying all these provisions, the world
                                                                  market price for colza and rape seed should be fixed
 Having regard to Commission Regulation (EEC) No                  as shown in the table annexed to this Regulation,
2300/73 (5) of 23 August 1973 laying down detailed
rules for applying differential amounts for colza and
rape seed and repealing Regulation (EEC) No
                                                                  HAS ADOPTED THIS REGULATION :
 1464/73, as last amended by Regulation (EEC) No
632/75 (6), and in particular Article 9 (4) thereof ;
                                                                                         Article 1
 Having regard to the Opinion of the Monetary
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
 1322/75 (7) of 23 May 1975 fixing the amount of the              This Regulation shall enter into force on 26 May
subsidy on oil seeds ;                                             1975 .
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
               Done at Brussels, 23 May 1975.
                                                                            For the Commission
                                                                              P.J. LARDINOIS
                                                                        Member of the Commission
(•) OJ  No 172, 30 . 9 . 1966, p. 3025/66 .
0   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.
(5) OJ  No L 236, 24. 8 . 1973, p. 28 .
(6) OJ  No L 66, 13 . 3 . 1975, p. 11 .
(7) See page 55 of this Official Journal.
 ---pagebreak--- No L 133/60                              Official Journal of the European Communities                                                            24. 5. 75
                                                                       ANNEX
          World market price applicable from 26 May 1975 for colza and rape seed (CCT heading
                                                                    No ex 12.01 )
                                                                                                                                 u.a./100 kg (')
          World        market price :                                                                                               20-692
          World        market price where the subsidy is fixed in advance :
          — for        the month of May 1975                                                                                        20-692
          — for        the month of June 1975                                                                                       20-692
          — for        the month of July 1975                                                                                       20-692
          — for        the month of August 1975                                                                                     20-619
          — for        the month of September 1975                                                                                  20-619
          — for the month of October 1975                                                                                           20-186
          (*) 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       5-64407
              1  u.a.   —  Dkr        7-57831
              1 u.a. =       £      0-602776
              1 u.a. ■>    I£       0-602776
              1 u.a. m     Lit      876-079