31973R1494

No L 151 /6 Official Journal of the European Communities 7. 6 . 73

REGULATION (EEC) No 1494/73 OF THE COMMISSION of 6 June 1973 altering the corrective amount applicable to the refund on cereals

THE COMMISSION OF THE EUROPEAN — for other currencies an exchange rate based on the COMMUNITIES, arithmetic mean of the spot market rates of each of these currencies recorded for a given period, in Having regard to the Treaty establishing the European relation to the Community currencies referred to Economic Community ; in the previous subparagraph ; whereas the Having regard to Council Regulation No 120/ Opinion of the Monetary Committee was 67/EEC ( 1) of 13 June 1967 on the common organiza­ requested ; tion of the market in cereals, as last amended by the Whereas, on the basis of today's cif prices and cif Act (2) annexed to the Treaty (3) on the Accession of forward delivery prices, taking foreseeable develop­ new Member States to the European Economic ments on the market into account, the corrective Community and the European Atomic Energy amount at present applicable to the refund on cereals Community, signed at Brussels on 22 January 1972, should be altered ; and in particular the second sentence of the first subparagraph of Article 1 6 (4) thereof ; HAS ADOPTED THIS REGULATION :

Whereas, the corrective amount applicable to the Article 1 refund on cereals was fixed by Regulation (EEC) No 1427/73 (4) and subsequent amending Regulations ; The corrective amount referred to in Article 1 6 (4) of Regulation No 120/67/EEC which is applicable to the Whereas, if the refund system is to operate normally, export refunds fixed in advance in respect of cereals is refunds should be calculated on the following basis : hereby altered as shown in the Table annexed to this — in the case of currencies which are maintained in Regulation. relation to each other, at any given moment, Article 2 within a band of 2-25 % , a rate of exchange based on their effective parity ; This Regulation shall enter into force on 7 June 1973 .

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 6 June 1973 . For the Commission P.J. LARDINOIS Member of the Commission

(') OJ No 117, 19. 6. 1967, p. 2269/67. (2) OJ No L 73, 27. 3 . 1972, p. 14. (3) OJ No L 73 , 27. 3 . 1972, p. 5. (4) OJ No L 144, 31 . 5. 1973, p. 5.

7 . 6 . 73 Official Journal of the European Communities No L 15 1 77

ANNEX

to the Commission Regulation of 6 June 1973 altering the corrective amount applicable to the refund on cereals

( u . a Jton ) 1st 2nd 3rd 4th 5 th 6th CCT Current period period period period period period heading Description of goods No 6 8 9 10 11 12

10.01 A Common wheat, and mes­ iin 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