CELEX: 31973R2311
Language: en
Date: 1973-08-25 00:00:00
Title: Regulation (EEC) No 2311/73 of the Commission of 24 August 1973 determining the world market price for colza and rape seed

No L 237/26                                  Official Journal of the European Communities                             25 . 8 . 73
                                REGULATION (EEC) No 2311 /73 OF THE COMMISSION
                                                           of 24 August 1973
                               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 (') 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 the Act (2) concerning the                — for other currencies an exchange rate based on the
Conditions of Accession and the Adjustments to the                          arithmetic mean of the spot market rates of each
Treaties ;                                                                  of these currencies recorded for a given period, in
                                                                            relation to the Community currencies referred to
Having regard to Council Regulation (EEC) No                                in the previous subparagraph ;
1 569 /72 (3) of 20 July 1972 laying down special
measures for colza and rape seed, as last amended by                   Whereas, applying all these provisions, the world
Regulation ( EEC) No 1 356/73 (4);                                     market price for colza and rape seed should be fixed
                                                                       as shown in the Table annexed to this Regulation ;
Having regard to Commission Regulation (EEC) No
2300/73 (5) of 23 Augsut 1973 laying down detailed
rules for applying differential amounts for colza and
                                                                       HAS ADOPTED THIS REGULATION :
rape seed and repealing Regulation (EEC) No
1464/73, 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                                              Articit- 2
set out in Commission Regulation (EEC) No
1898 /73 (6) of 13 July 1973 fixing the amount of the                  This Regulation shall enter into force on 27 August
subsidy on oil seeds ;                                                  1 973 .
               This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 24 August 1973 .
                                                                                  For the Commission
                                                                                      The President
                                                                                 François-Xavier ORTOLI
 ') OJ  No   172 , 30 . 9 . 1 966 , p . 3025/ 66 .
 2) OJ  No   L 73 , 27 . 3 . 1972, p . 14 .
 i) OJ  No   L 167 , 25 . 7 . 1972 , p . 9 .
 4) OJ  No   L 141 , 28 . 5 . 1973 , p . 28 .
 5) OJ  No   L 236, 24 . 8 . 1973 , p . 28 .
 o) OJ  No   L 193 , 14 . 7 . 1973 , p . 28 .
 ---pagebreak--- 25. 8. 73                           Official Journal of the European Communities                                        No L 237/27
                                                              ANNEX
          World market price applicable from 27 August 1973 for colza and rape seeed (CCT ex
                                                               12.01 )
                                                                                                       u.a . 100 kg (*)
          World market price :                                                                           23·661
          World market price where the subsidy is fixed in advance :
          — August 1973 :                                                                                23·661
          — September 1973 :                                                                             23·661
          — October 1973 :                                                                               23·661
          — November 1973 :                                                                              23·661
          — December 1973 :                                                                              23·781
          — January 1974 :                                                                               23-781
          (') 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        3·52282
              1 u.a . =    Bfr/Lfr  48·6572
              1 u.a . =    FF        5·55419
              1 u.a . =    Dkr       757831
              1 u.a . =    £         0·527320
              1 u.a . =    Lit     746·899