CELEX: 31979R1323
Language: en
Date: 1979-06-30 00:00:00
Title: Commission Regulation (EEC) No 1323/79 of 29 June 1979 fixing the world market price for colza and rape seed

No L 162/74                                Official Journal of the European Communities                             30 . 6 . 79
                                      COMMISSION REGULATION (EEC) No 1323/79
                                                           of 29 June 1979
                                   fixing the world market price for colza and rape seed
THE COMMISSION OF THE EUROPEAN                                       of 29 June 1979 fixing the amount of the subsidy on
COMMUNITIES,                                                         oil 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 ( 1 ), 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                        that the world market price for colza and rape seed
rules for applying differential amounts for colza and                 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
1 234/77 (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 1322/79                     This Regulation shall enter into force on 1 July 1979 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                 Done at Brussels, 29 June 1979 .
                                                                                  For the Commission
                                                                                   Finn GUNDELACH
                                                                                      Vice-President
(•)  OJ    No 172, 30 . 9 . 1966, p . 3025/ 66.
(2 ) OJ    No L 78 , 30 . 3 . 1979, p. 1 .
Q)   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 .
(*)  OJ    No L 143 , 10. 6 . 1977, p. 9 .                            (7) See page 70 of this Official Journal.
 ---pagebreak--- 30 . 6 . 79                                         Official Journal of the European Communities                                                      No L 162/75
                                                                            ANNEX
                   to the Commission Regulation of 29 June 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                                                                               23-311
                                                                                                                                              ( ECU /100 kg) (1)
                                                                                                 World market price where the subsidy
                CCT                                                                                is fixed in advance for the month of
              heading                            Description
                 No
                                                                             July        August            September     October     November       December
                                                                             1979          1979               1979         1979         1979            1979
         ex 12.01            Colza and rape seed                           23.311       23.311              23.610       23.610       23.834         23-834
        (') The conversion rates from ECU into national currency as foreseen by Article 9 ( S ) (a ) of Regulation ( EEC) No 2300 /73 are the following :
            1 ECU = DM                2.51064
            1 ECU = Fl                2.72077
            I  ECU   = Bfr / Lfr     39.4582
            I  ECU   = FF             5.798 .? I
            I  ECU   = Dkr            7.08592
            1  ECU   » I £            0.662638
            1  ECU   = £              0.624504
            1  ECU   = Lit       1 I 19.94