CELEX: 31977R1022
Language: en
Date: 1977-05-17 00:00:00
Title: Commission Regulation (EEC) No 1022/77 of 16 May 1977 fixing the world market price for colza and rape seed

No L 123 / 16                                 Official Journal of the European Communities                               17. 5. 77
                                         COMMISSION REGULATION (EEC) No 1022/77
                                                               of 16 May 1977
                                    fixing 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,                                                             1021 /77 (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
                                                                         — 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,
 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 17 May
 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, 16 May 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 .
(5)  OJ   No L 236, 24 . 8 . 1973 , p . 28 .                             ( 7) OJ No L 192, 16 . 7. 1976, p. 17 .
( 6) OJ   No L 66, 1 3 . 3 . 1 975 , p . 1 1 .                           ( 8 ) See page 14 of this Official Journal .
 ---pagebreak--- 17. 5. 77                                Official Journal of the European Communities                                                             No L 123 / 17
                                                                       ANNEX
          World market price applicable from 17 May 1977 for colza and rape seed (CCT heading
                                                                    No ex 12.01 )
                                                                                                                                   u.a./100 h (')
          World        market price                                                                                                   27-410
          World        market price where the subsidy is fixed in advance :
          — for        the month of May 1977                                                                                          27-410
          — for        the month of June 1977                                                                                         27-410
          — for        the month of July 1977                                                                                         27-929
          — for        the month of August 1977                                                                                       27-929
          — for        the month of September 1977                                                                                    27-929
          — for the month of October 1977                                                                                             25-705
          (') 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
              1  u.a .  =  Fl           3-35507
              1  u.a .  —  Bfr/ Lfr    48-6572
              1  u.a .  —  FF           6-70214
              1  u.a .  —  Dkr          8-1 3822
              1 u.a .   —    £          0-784917
              1 u.a .   —  I £          0784917
              1  u.a .  —  Lit      1 197-28