Commission Regulation (EEC) No 407/85 of 18 February 1985 fixing the amount of aid for peas and field beans referred to in Article 3 (2) of Regulation (EEC) No 1431/82

COMMISSION  REGULATION (EEC) No 407/85
of 18 February 1985
fixing the amount of aid for peas and field beans referred to in Article 3 (2) of Regulation (EEC) No 1431/82
THE COMMISSION OF THE EUROPEAN
COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 1431/82 of 18 May 1982 laying down special measures for peas, field beans and sweet lupins (1), as last amended by Regulation (EEC) No 1032/84 (2), and in particular Article 3 (7) (b) thereof,
Whereas, in accordance with Article 3 (2) of Regulation (EEC) No 1431/82, aid is granted for peas and field beans harvested in the Community when the average world market price for these products is lower than the guide price; whereas this aid is equal to the difference between the two prices;
Whereas Council Regulation (EEC) No 1033/84 (3) fixed the guide price for peas and field beans for the 1984/85 marketing year;
Whereas the world market price for the products concerned was determined by Commission Decision 85/142/EEC (4), pursuant to Article 3 (2) of Regulation (EEC) No 1431/82, concerning the determination of the world market price for peas and field beans;
Whereas, if the aid system is to operate normally, refunds should be calculated on the following basis:
- in the case of currencies which are maintained in relation to each other at any moment within a band of 2,25 %, a rate of exchange based on their central rate, multiplied by the coefficient provided for in Article 2b (2) of Regulation (EEC) No 974/71 (5), as last amended by Regulation (EEC) No 855/84 (6),
- for other currencies, an exchange rate based on the arithmetic mean of the spot market rates of each of these currencies recorded over a given period in relation to the Community currencies referred to in the previous indent, and the aforesaid coefficient;
Whereas the aid must be fixed at least once every marketing year;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Dried Fodder,