CELEX: 31978R1527
Language: en
Date: 1978-07-01 00:00:00
Title: Commission Regulation (EEC) No 1527/78 of 30 June 1978 fixing the aid rate for peas and field beans used in the feeding of animals

No L 179 / 8                          Official Journal of the European Communities                               1 . 7 . 78
                                  COMMISSION REGULATION (EEC) No 1527/78
                                                      of 30 June 1978
                 fixing the aid rate for peas and field beans used in the feeding of animals
THE COMMISSION OF THE EUROPEAN                                   of animals (4), the average price must be determined
COMMUNITIES,                                                     per 100 kilograms of bulk soya cake of the standard
                                                                 quality defined in Article 1 (2) of Regulation (EEC)
                                                                 No 1120/ 78 delivered Rotterdam ; whereas it must be
Having regard to the Treaty establishing the European            equal to the arithmetical mean of the offers and quota­
Economic Community,                                              tions recorded during the five days preceding the day
                                                                 of determination :
Having regard to Council Regulation (EEC) No
1119/78 of 22 May 1978 laying down special measures              Whereas the necessary adjustments, notably those
for peas and field beans used in the feeding of                  referred to in Article 2 of Regulation (EEC) No
animals (l ), and in particular Article 2 (5) thereof,           1526/78 , must be made for offers and quotations not
                                                                 of the type referred to above ;
Having regard to the opinion of the Monetary
Committee,
                                                                 Whereas under Article 2 of Regulation (EEC) No
                                                                  1526/78 , when no offer or quotation can be used for
Whereas under Article 2 ( 1 ) of Regulation (EEC) No             determining the world market price of soya cake, it is
1119/78 aid is granted for peas and field beans harv­            to be determined from offers of and quotations for
ested in the Community and used in the manufacture               soya cake obtained by the processing of soya seed in
of feedingstuffs when the average world market price             the Community ; whereas in this case the most favou­
for soya cake is lower than the activating price ;               rable offers and quotations are to be taken into
                                                                 account for :
whereas this aid is equal to 45 % of the difference
between these two prices ;
                                                                 — bulk soya cake obtained by the processing of soya
                                                                      seed in the Community delivered to Rotterdam,
Whereas the activating price for aid for peas and field               and
beans for the 1978/79 marketing year was fixed by
Council Regulation (EEC) No 1120/78 of 22 May                    — other oil cakes offered on the world market,
 1978 (2);                                                            adjusted as necessary to take account of the differ­
                                                                      ence between their value and that of soya cake ;
Whereas under Council Regulation (EEC) No 1418/78
of 19 June 1978 adopting general rules in connection
with the special measures for peas and field beans                Whereas, if the aid system is to operate normally,
 used in the feeding of animals (3), the average world            refunds should be calculated on the following basis :
 market price for soya cake must be determined on the
 basis of the most favourable purchase possibilities,             — in the case of currencies which are maintained in
 excepting offers and quotations which cannot be                       relation to each other at any given moment within
 considered representative of the real market trend ;                  a band of 2-25 % , a rate of exchange based on
 whereas account must be taken both of all offers on
                                                                       their effective parity ;
 the world market and of the prices quoted on
 exchanges that are important for internationl trade ;            — for other currencies, an exchange rate based on the
 whereas only the most favourable offers and quota­                    arithmetic mean of the spot market rates of each
 tions for delivery within 30 days must be used ;                      of these currencies recorded for a given period in
                                                                       relation to the Community currencies referred to
                                                                       in the previous indent ;
 Whereas under Article 1 of Commission Regulation
 (EEC) No 1526/78 of 30 June 1978 laying down
 detailed rules for the application of the special                Whereas the aid rate must be fixed as often as the
 measures for peas and field beans used in the feeding
                                                                  market situation makes it necessary and not less
 0) OJ No L 142, 30. 5. 1978, p. 8.                               frequently than once a month,
 (2) OJ No L 142, 30 . 5. 1978 , p. 11 .
 (3) OJ No L 171 , 28 . 6. 1978 , p. 5.                           (4) See page 1 of this Official Journal .
 ---pagebreak--- 1 . 7 . 78                        Official Journal of the European Communities                        No L 179 / 9
HAS ADOPTED THIS REGULATION :                                                     Article 2
                       Article 1
The aid referred to in Article 2 of Regulation (EEC)
No 1119 /78 is fixed at 6-486 units of account per 100
kilograms .                                                 This Regulation shall enter into force on 1 July 1978
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 30 June 1978 .
                                                                    For the Commission
                                                                     Finn GUNDELACH
                                                                        Vice-President