CELEX: 31973R1158
Language: en
Date: 1973-05-04 00:00:00
Title: Regulation (EEC) No 1158/73 of the Commission of 3 May 1973 fixing the corrective amount applicable to the refund on cereals

4. 5 . 73                                Official Journal of the European Communities                        No L 118/25
                                 REGULATION (EEC) No 1158/73 OF THE COMMISSION
                                                          of 3 May 1973
                                 fixing the corrective amount applicable to the refund on cereals
 THE COMMISSION OF THE EUROPEAN                                      Whereas the cif price is that determined in ac­
 COMMUNITIES,                                                        cordance with Article 13 of Regulation No
                                                                     120/67/ EEC ; whereas the cif forward delivery
 Having regard to the Treaty establishing the Euro­                  price is that determined in accordance with Article
 pean Economic Comunity ;                                            3 O) of Regulation No 140/67/EEC ( s), as amended
                                                                     by Regulation (EEC) No 2435/70 (7), based, in res­
 Having regard to Council Regulation No                              pect of each month for which the export licence is
 120/67/EEC (*) of 13 June 1967 on the common                        valid , on the cif price calculated on the basis of
 organization of the market in cereals, as last amen­                offers for shipment during the month of export­
 ded by the Act (2) annexed to the Treaty (3) on the                 ation ;
 Accession of new Member States to the European
 Economic Community and the European Atomic                         Whereas the corrective amount, so fixed will be al­
 Energy Community, signed at Brussels on 22 January
 1972, and in particular the third sentence of the first             tered if application of the calculation procedure
 subparagraph of Article 16 (4 ) thereof ;                           described above entails a change in that amount of
                                                                    more than 0-125 unit of account ;
 Having regard to the Opinion of the Monetary
 Committee ;                                                        Whereas however Article 2 of Regulation No
                                                                    633/67/EEC provides that the corrective amount
 Whereas Article 16 (4) of Regulation No 120/67/                     applicable to the amount of the refund fixed in
 EEC provides that the export refund appli­                          advance on exports to be effected after the third
cable to cereals on the day on which application                    month following that during which the licence was
for an export licence is made, adjusted for the                      issued should be fixed on the basis of foreseable
threshold price in force during the month of ex­                     market trends ; whereas to this end account should
portation must be applied on request to exports to                  be taken of availabilities and foreseeable trends on
be effected during the period of validity of the ex­                the Community market and of forward trends on
port licence ; whereas, in this case, a corrective                  the world market, in particular on those markets
amount must be applied to the refund ;                              whose specific requirements have made it necessary
                                                                    to vary the refund ;
Whereas Regulation No 633/67/EEC (4 ), as last
amended by Regulation (EEC) No 1461 /72 (5), lays
down detailed rules for the advance fixing of the                   Whereas , if the refund system is to operate normally,
                                                                    refunds should be calculated on the basis of an
export refund on cereals ;
                                                                    exchange rate which is based, in the case of currencies
Whereas that Regulation provides that the refund                    which are floating or whose central rate differs from
applicable on the day on which application for a                    the official parity, on the effective rate or the
export licence is made must when the refund is                      central rate of these currencies and, in the case of
fixed in advance, be reduced by not more that the                   the US dollar, on the change in parity announced
difference between the cif forward delivery price                   on 13 February 1973 ;
and the cif price where the former exceeds the
latter by more than one unit of account per metric                  Whereas it follows from applying all these pro­
ton ; whereas, on the other hand, the refund must                   visions that the corrective amount must be fixed as
be increased by not more than the difference be­                    shown in the Table annexed to this Regulation ;
tween the cif price and the cif forward delivery
price where the former exceeds the latter by more
than one unit of account per metric ton ;                           Whereas the measures provided for in this Regula­
                                                                    tion are in accordance with the Opinion of the
                                                                    Management Committee for Cereals ;
i1 ) OJ No  117, 19 . 6. 1967, p . 2269/67 .
(*)  OÏ No  L 73 , 27. 3 . 1972, p . 14 .
(s)  OJ No  L 73 , 27. 3 . 1972 , p . 5 .
(*)  OJ No  2 33 , 28 . 9 . 1967, p . 9 .                           (*) Of No 125 , 26. 6. 1967, p . 2456/67.
(*) OJ No ' L 155, 11 . 7. 1972, p . 35 .                           C) Oj No L 262, 3 . 12. 1970, p. 3 .
 ---pagebreak---  No L 118 /26                           Official Journal of the European Communities                                4 . 5 . 73
 HAS ADOPTED THIS REGULATION :                                         cereals is hereby fixed as shown in the Table an­
                                                                       nexed to this Regulation.
                          Article 1
                                                                                                  Article 2
 The corrective amount referred to in Article 16 (4)
 of Regulation No 120/67/EEC which is applicable                       This Regulation shall enter into force on 4 May
 to export refunds fixed in advance in respect of                      1973 .
             This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 3 May 1973 .
                                                                                  For the Commission
                                                                                     P.J. LARDINOIS
                                                                              Member of the Commission
                                                             ANNEX
                   to the Commission Regulation of 3 May 1973 fixing the corrective amount applicable
                                                     to the refund on cereals
                                                                                                                     (u.a. /ton)
      CCT                                                          1st         2nd          3rd        4th     5th      6th
     heading           Description of goods          Current     period       period       period     period period  period
       No                                               5           6            7           8          9       10       11
10.01 A          Common wheat, and mes­
                   iin
10.01 B          Durum wheat                           —
                                                                   —            —            —
10.02            Rye                                   —           —            —            —
10.03            Barley                                —           —            —            —
10.04            Oats                                  —           —            —            —
10.05 B         Maize other than hybrid
                    maize for sowing                   —           —            —            —
10 .07 C         Grain sorghum