CELEX: 31974R0519
Language: en
Date: 1974-03-02 00:00:00
Title: Regulation (EEC) No 519/74 of the Commission of 1 March 1974 determining the world market price for colza and rape seed

2. 3 . 74                                   Official Journal of the European Communities                          No L 60 / 11
                                REGULATION (EEC) No 519/74 OF THE COMMISSION
                                                            of 1 March 1974
                               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
 Having regard to Council Regulation (EEC) No                               of these currencies recorded for a given period, in
                                                                            relation to the Community currencies referred to
  1 569/72 (3) of 20 July 1972 laying down special
 measures for colza and rape seed, as last amended by                       in the previous subparagraph ;
 Regulation (EEC) No 3477/73 (4) ;                                      Whereas, applying all these provisions, the world
 Having regard to Commission Regulation (EEC) No                        market price for colza and rape seed should be fixed
.2300/73 (5) of 23 August 1973 laying down detailed                     as shown in the Table annexed to this Regulation,
 rules for applying differential amounts for colza and
 rape seed and repealing Regulation (EEC) No
  1464/73, as last amended by Regulation (EEC) No                       HAS ADOPTED THIS REGULATION :
 456/74 (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
 mined in accordance with the rules and the criteria                                           Article 2
 set out in Commission Regulation (EEC) No
  1898 /73 (7) of 13 July 1973 fixing the amount of the                 This Regulation shall enter into force on 4 March
 subsidy on oil seeds ;                                                 1974 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                 Done at Brussels, 1 March 1974 .
                                                                                  For the Commission
                                                                                    P.J. LARDINOIS
                                                                              Member of the Commission
 (!) 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 .
 («) OJ  No   L 357, 28 . 12. 1973, p . 6.
 (5) OJ  No   L 236, 24. 8 . 1973, p . 28 .
 (*) OJ  No   L 51 , 23 . 2 . 1974, p . 30 .
 (7) OJ  No  L 193 , 14. 7 . 1973 , p . 26 .
 ---pagebreak--- No L 60/ 12                              Official Journal of the European Communities                                      2 . 3 . 74
                                                                 ANNEX
            World market price applicable from 4 March 1974 for colza and rape seed (CCT heading
                                                              No ex 12.01 )
                                                                                                          u.a. /100 kg ('}
            World market price :                                                                            31-572
            World market price where the subsidy is fixed in advance :
            — for the month of March                                                                        31-572
            —     for the month    of April                                                                 29-869
            —     for the month    of May                                                                   29-869
            —     for the month     of June                                                                 29-486
            —     for the month    of July                                                                  28-997
            —      for the month    of August                                                               28-665
            (l ) 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         5-92298
                 1  u.a .  =  Dkr        7-57831
                 1  u.a .  =  £          0-520643
                 1  u . a. *= Lit      781-262