CELEX: 31978R1238
Language: en
Date: 1978-06-09 00:00:00
Title: Commission Regulation (EEC) No 1238/78 of 8 June 1978 fixing the world market price for colza and rape seed

9 . 6 . 78                                  Official Journal of the European Communities                         No L 153 /23
                                      COMMISSION REGULATION (EEC) No 1238 / 78
                                                            of 8 June 1978
                                  fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                         on oil seeds (7), as last amended by Regulation (EEC)
COMMUNITIES ,                                                          No 1 237/78 (8) ;
 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/
66/ EEC of 22 September 1966 on the establishment                     — in the case of currencies which are maintained in
of a common organization of the markets in oils and                         relation to each other at any given moment within
fats ('), as last amended by Regulation (EEC) No                            a band of 2-25 % , a rate of exchange based on
2560/77 (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 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
 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 and the rates to be used
world market price for colza and rape seed ;                           for converting them into national currencies shall be
                                                                      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 190/78
of 31 January 1978 fixing the amount of the subsidy                   This Regulation shall enter into force on 9 June 1978 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 8 June 1978 .
                                                                                  For the Commission
                                                                                   Finn GUNDELACH
                                                                                      Vice-President
(!)  OJ  No 172, 30 . 9 .  1966, p . 3025/ 66 .
(2)  OJ  No L 303 , 28 .  11 . 1977, p. 1 .
(3)  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 27, 1 . 2. 1978 , p. 24.
(6)  OJ  No L 143 , 10 .  6 . 1977, p. 9 .                            (8) See page 21 of this Official Journal .
 ---pagebreak--- No L 153/24                                Official Journal of the European Communities                                                         9 . 6 . 78
                                                                       ANNEX
          World market price applicable from 9 June 1978 for colza and rape seed (CCT heading No
                                                                       ex 12.01 )
                                                                                                                                 u.a. /100
          World       market price                                                                                                  21.219
          World       market price where the subsidy is fixed in advance :
          — for       the month of June 1978                                                                                        21.219
          — for       the month of July 1978                                                                                        21.219
          — for       the month of August 1978                                                                                      20.902
          — for       the month of September 1978                                                                                   20-902
          — for the month of October 1978                                                                                           19-359
          — for the month of November 1978                                                                                          19.359
          (') 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 1 5665
              1 u.a . — Fl             3.35507
              1 u.a . — Bfr/ Lfr      48.6572
              1 u.a . — FF             6.95531
              1 u.a . — Dkr            8.56656
              1 u.a . — £              0.820513
              1 u.a . — I £            0.820513
              1 u.a . = Lit        1 300.00