CELEX: 31979R1401
Language: en
Date: 1979-07-06 00:00:00
Title: Commission Regulation (EEC) No 1401/79 of 5 July 1979 fixing the world market price for colza and rape seed

No L 168 / 14                           Official Journal of the European Communities                              6 . 7 . 79
                                   COMMISSION REGULATION (EEC) No 1401 /79
                                                         of 5 July 1979
                                fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                     of 5 July 1979 fixing the amount of the subsidy on oil
COMMUNITIES,                                                       seeds (7) ;
Having regard to the Treaty establishing the European              Whereas, if the price system is to operate normally,
Economic Community,                                                the world market price should be calculated on the
                                                                   following basis :
Having regard to Council Regulation No 136/66/EEC
of 22 September 1966 on the establishment of a                     — in the case of currencies which are maintained in
common organization of the markets in oils and                          relation to each other at any given moment within
fats (J ), as last amended by Regulation (EEC) No                       a band of 2.25 % , a rate of exchange based on
590/79 (2),                                                             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 (3), as last amended                   relation to the Community currencies referred to
by Regulation (EEC) No 852/78 (4),                                      in the previous indent ;
Having regard to Commission Regulation (EEC) No                    Whereas it follows from applying these provisions
2300/73 of 23 August 1973 laying down detailed
rules for applying differential amounts for colza and
                                                                   that the world market price for colza and rape seed
                                                                   should be as set out in the Annex hereto,
rape seed and repealing Regulation (EEC) No
1464/73 (5), as last amended by Regulation (EEC) No
1234/77 (6), and in particular Article 9 (4) thereof,              HAS ADOPTED THIS REGULATION :
Having regard to the opinion of the Monetary
Committee,                                                                                   Article 1
Whereas, pursuant to Article 9 (4) of Regulation (EEC)             The world market price referred to in Article 9 (4) of
No 2300/73, the Commission must determine the                      Regulation (EEC) No 2300/73 shall be as set out in
                                                                   the Annex hereto .
world market price for colza and rape seed ;
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 1400/79                  This Regulation shall enter into force on 6 July 1979.
               This Regulation shall be binding in its entirety and directly applicable in all Member
               States.
                Done at Brussels, 5 July 1979 .
                                                                               For the Commission
                                                                                Finn GUNDELACH
                                                                                   Vice-President
 1) OJ    No 172, 30. 9. 1966, p. 3025/66.
 2) OJ    No L 78, 30. 3. 1979, p. 1 .
 J) OJ    No L 167, 25. 7. 1972, p. 9.
 4) OJ    No L 116, 28 . 4. 1978, p. 6.
 5) OJ No L 236, 24. 8 . 1973, p. 28 .
 6) OJ No L 143, 10. 6. 1977, p. 9.                                (7) See page 10 of this Official Journal.
 ---pagebreak--- 6 . 7. 79                                      Official Journal of the European Communities                                                       No L 168 / 15
                                                                            ANNEX
                   to the Commission Regulation of 5 July 1979 fixing the world market price for colza and
                                                                          rape seed
                                                                                                                                           (ECU / 100 kg) (1)
               CCT
              heading                                   Description                                                     World market price
                No
        ex 12.01           Colza and rape seed                                                                                23.31 1
                                                                                                                                           (ECU / 100 kv)(')
                                                                                                World market price where the subsidy
               CCT                                                                               is fixed in advance for the month of
             heading                        Description
                No                                                                                                     October
                                                                             July        August          September                 November      December
                                                                             1979          1979             1979         1979         1979         1979
        ex 12.01          Colza and rape seed                              23.311       23.31 1           23-311       23.311       23.535       23-535
        (') The conversion rates from ECU into national currency as foreseen by Article 9 ( 5) (a) of Regulation ( EEC) No 2300/73 are the following :
            1 ECU = DM              251064
            1 ECU = Fl              2.72077
            1 ECU - Bfr/ Lfr       39.4582
            1 ECU - FF              5.79831
            1 ECU = Dkr             7.08592
            1 ECU = I J             0.662638
            1 ECU = £               0.624504
            1 ECU « Lit         1 119.94