CELEX: 31978R1632
Language: en
Date: 1978-07-13
Title: Commission Regulation (EEC) No 1632/78 of 12 July 1978 fixing the world market price for colza and rape seed

13 . 7. 78                                 Official Journal of the European Communities                         No L 190/29
                                       COMMISSION REGULATION (EEC) No 1632/78
                                                             of 12 July 1978
                                   fixing the world market price for colza and rape seed
 THE COMMISSION OF THE EUROPEAN                                         oil seeds (7), as last amended by Regulation (EEC) No
 COMMUNITIES,                                                            1631 /78 (8) ;
 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 ('), as last amended by Regulation (EEC) No                           a band of 2-25 % , a rate of exchange based on
 1419/78 (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 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
 1464/73 (5), 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 1500/78                      This Regulation shall enter into force on 13 July
 of 30 June 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, 12 July 1978 .
                                                                                  For the Commission
                                                                                   Finn GUNDELACH
                                                                                        Vice-President
(!) OJ    No 172, 30 . 9 .  1966, p. 3025/66.
(2) OJ    No L 171 , 28.   6. 1978, p. 8 .
(3) 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 .                           (7) OJ No L 178 , 1 . 7. 1978 , p. 32.
(«) OJ No L 143, 10.       6. 1977, p. 9. '                            (8) See page 27 of this Official Journal .
 ---pagebreak--- No L 190/30                                Official Journal of the European Communities                                                             13 . 7. 78
                                                                        ANNEX
          World market price applicable from 13 July 1978 for colza and rape seed (CCT heading No
                                                                        ex 12.01 )
                                                                                                                                  u.a. /100 kg ( l)
          World        market price                                                                                                  19.682
          World        market price where the subsidy is fixed in advance :
          — for        the month of July 1978                                                                                        19.682
          — for        the month of August 1978                                                                                      19-250
          — for        the month of September 1978                                                                                   19.250
          — for the month of October 1978                                                                                            17-655
           — for the month of November 1978                                                                                          16.990
           — for the month of December 1978                                                                                          16.990
           (') 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*.  -  DM            3.15665
               1  u.a. -  Fl            3.35507
               1  UA   -  Bfr/Lfr      48.6572
               1  u.a. -  FF            6.80249
               1  u.a. -  Dkr           8.56656
               1  u.a. -  £             0.812394
               1  u.a. -  I £           0.812394
               1  u.a. -  Lit       1 288-60