CELEX: 31978R1974
Language: en
Date: 1978-08-17 00:00:00
Title: Commission Regulation (EEC) No 1974/78 of 16 August 1978 fixing the world market price for colza and rape seed

17 . 8 . 78                              Official Journal of the European Communities                            No L 226/ 15
                                    COMMISSION REGULATION ( EEC) No 1974/ 78
                                                       of 16 August 1978
                                 fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                      oil seeds ( 7), as amended by Regulation ( EEC) No
COMMUNITIES ,                                                       1 973 / 78 (s) ;
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 within
fats ( 1 ), as last amended by Regulation ( EEC) No                        a band of 2-25 % , a rate of exchange based on
1419 / 78 (-),                                                             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 (-'), 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
 1 464/ 73 ( s ), as last amended by Regulation ( EEC) No
                                                                    HAS ADOPTED THIS REGULATION :
 1 234/ 77 (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 1922/ 78                 This Regulation shall enter into force on 17 August
of 9 August 1978 fixing the amount of the subsidy on                 1978 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels , 16 August 1978 .
                                                                                  For the Commission
                                                                                   Finn GUNDELACH
                                                                                      Vice-President
(') OJ No 1 72 , 30 . 9 . 1966 , p. 3025/66 .
(: ) OJ No L 171 , 28 . 6. 1978 , p. 8 .
(<) OJ No L 167, 25 . 7 . 1972, p. 9 .
(4 ) O) No L 116, 28 . 4. 1978 , p. 6.
(5 ) 0 | No L 236, 24 . 8 . 1973, p. 28 .                           ( 7) OJ No L 219, 10 . 8 . 1978 , p. 15.
(b) OJ No L 143 , 10 . 6 . 1977, p. 9 .                             ( 8 ) See page 13 of this Official Journal .
 ---pagebreak--- No L 226/ 16                                  Official Journal of the European Communities                                                            17 . 8 . 78
                                                                          ANNEX
           World market price applicable from 17 August 1978 for colza and rape seed (CCT heading
                                                                       No ex 12.01 )
                                                                                                                                     u.a. /100 kg (')
           World market price                                                                                                           17-988
           World market price where the subsidy is fixed in advance :
           — for the month of August 1978                                                                                               17.988
           — for the month of September 1978                                                                                            17-988
           — for the month of October 1978                                                                                              17-145
           — for the month of November 1978                                                                                             16.432
           — for the month of December 1978                                                                                             16.432
           — for the month of January 1979                                                                                              16-626
           ( [ ) 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 . = F1             3.35507
                 1 u.a . = Bfr / Lfr     48.6572
                 1 u.a . -  FF            6.74018
                 1 u.a . = Dkr            8.56656
                 1 u.a . = £              0.796356
                 1 u.a . = I £            0.796356
                 1 u.a . = Lit        1 288.60