CELEX: 31973R0922
Language: en
Date: 1973-04-06 00:00:00
Title: Regulation (EEC) No 922/73 of the Commission of 5 April 1973 fixing the corrective amount applicable to the refund on cereals

No L 90/6                                 Official Journal of the European Communities                              6. 4. 73
                                 REGULATION (EEC) No 922/73 OF THE COMMISSION
                                                          of 5 April 1973
                               fixing the corrective amount applicable to the refund on cereals
THE COMMISSION OF THE EUROPEAN                                       Whereas the cif price is that determined in ac­
COMMUNITIES,                                                         cordance with Article 13 of Regulation No
                                                                     120/67/EEC ; whereas the cif forward delivery
Having regard to the Treaty establishing the Euro­                   price is that determined in accordance with Article
pean Economic Comunity ;                                             3 O) of Regulation No 140/67/EEC (6), as amended
                                                                     by Regulation (EEC) No 2435/70 (7), based, in res­
Having regard to Council Regulation No                               pect of each month for which the export licence is
120/67/EEC ( 1) of 13 June 1967 on the common                        valid, on the cif price calculated on the basis of
organization of the market in cereals, as last amen­                 offers for shipment during the month of export­
ded by the Act (2) annexed to the Treaty (3) on the                  ation ;
Accession of new Member States to the European
Economic Community and the European Atomic                           Whereas the corrective amount so fixed will be al­
Energy Community, signed at Brussels on 22 January                    tered if application of the calculation procedure
1972, and in particular the third sentence of the first               described above entails a change in that amount of
subparagraph of Article 16 (4) thereof ;                             more than 0-125 unit of account ;
Having regard to the Opinion of the Monetary
Committee ;                                                           Whereas however Article 2 of Regulation No
                                                                      633/67/EEC provides that the corrective amount
 "Whereas Article 16 (4) of Regulation No 120/67/                     applicable to the amount of the refund fixed in
 EEC provides that the export refund appli­                           advance on exports to be effected after the third
cable to cereals on the day on which application                      month following that during which the licence was
for an export licence is made, adjusted for the                       issued should be fixed on the basis of foreseable
threshold price in force during the month of ex­                      market trends ; whereas to this end account should
 portation must be applied on request to exports to                    be taken of availabilities and foreseeable trends on
 be effected during the period of validity of the ex­                  the Community market and of forward trends on
 port licence ; whereas, in this case, a corrective                    the world market, in particular on those markets
  amount must be applied to the refund ;                               whose specific requirements have made it necessary
                                                                       to vary the refund ;
  Whereas Regulation No 633/67/EEC (4), as last
  amended by Regulation (EEC) No 1461 /72 (5), lays
  down detailed rules for the advance fixing of the                    Whereas, if the refund system is to operate normally,
                                                                       refunds should be calculated on the basis of an
  export refund on cereals ;
                                                                       exchange rate which is based, in the case of currencies
  Whereas that Regulation provides that the refund                     which are floating or whose central rate differs from
  applicable on the day on which application for a                     the official parity, on the effective rate or the
  export licence is made must when the refund is                       central rate of these currencies and, in the case of
  fixed in advance, be reduced by not more that the                    the US dollar, on the change in parity announced
  difference between the cif forward delivery price                    on 13 February 1973 ;
  and the cif price where the former exceeds the
  latter by more than one unit of account per metric                   Whereas it follows from applying all these pro­
  ton ; whereas, on the other hand, the refund must                     visions that the corrective amount must be fixed as
   be increased by not more than the difference be­                    shown in the Table annexed to this Regulation ;
  tween the cif price and the cif forward delivery
  price where the former exceeds the latter by more
  than one unit of account per metric ton ;                            Whereas the measures provided for in this Regula­
                                                                       tion are in accordance with the Opinion of the
                                                                        Management Committee for Cereals ;
   (*) OJ No  117, 19 . 6. 1967, p. 2269/67.
   (2) OJ No L 73 , 27 . 3 . 1972 , p. 14 .
   (') OJ No  L 73 , 27. 3 . 1972 , p. 5 .
   (4) OJ No  233 , 28 . 9. 1967, p. 9.                                 (•) OJ No 125 , 26. 6. 1967, p. 2456/67.
   (6) OJ No L 155 , 11.7. 1972 , p. 35 .                               (7) OJ No L 262, 3 . 12 . 1970, p. 3 .
 ---pagebreak--- 6 . 4. 73                             Official Journal of (he European Communities                              No L 90/7
HAS ADOPTED THIS REGULATION :                                       cereals is hereby fixed as shown in the Table an­
                                                                    nexed to this Regulation.
                        Article 1
                                                                                              Article 2
The corrective amount referred to in Article 16 (4)
of Regulation No 120/67/EEC which is applicable                      This Regulation shall enter into force on 6 April
to export refunds fixed in advance in respect of                     1973 .
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States.
            Done at Brussels, 5 April 1973 .
                                                                               For the Commission
                                                                                 P.J. LARDINOIS
                                                                           Member of the Commission
                                                            ANNEX
            to the Commission Regulation of 5 April 1973 fixing the corrective amount applicable
                                                   to the refund on cereals
                                                                                                                  (u.a. /ton/
                                                                 1st         2nd        3rd         4th   5th       6th
      CCT
    heading           Description of goods          Current    period       period     period     period period    period
      No                                              4           5           6          7           8     9          10
10.01 A         Common wheat, and mes­
                  lin
10.01 B        Durum wheat
10.02          Rye
10.03          Barley
10.04          Oats
10.05 B        Maize other than hybrid
                  maize for sowing
10.07 C        Grain sorghum