31973R1580

No L 158 / 16 15 . 6 . 73 Official Journal of the European Communities

REGULATION (EEC) No 1580/73 OF THE COMMISSION of 14 June 1973 fixing the corrective amount applicable to the refund on rice and broken rice

THE COMMISSION OF THE EUROPEAN mined in accordance with Article 3 (2) of Regulation COMMUNITIES, No 365/67/EEC (6), as last amended by Regulation (EEC) No 2435/70 (7), based, in respect of each month Having regard to the Treaty establishing the European for which the export licence is valid, on the cif price Economic Community ; calculated on the basis of offers for shipment during Having regard to Council Regulation No 359/ the month of exportation ; 67/ EEC ( J ) of 25 July 1967 on the common organiza­ Whereas if the refund system is to operate normally, tion of the market in rice, as last amended by the refunds should be calculated on the following basis : Act (2) annexed to the Treaty (3) on the Accession of new Member States to the European Economic — in the case of currencies which are maintained in Community and the European Atomic Energy relation to each other, at any given moment, Community, signed at Brussels on 22 January 1972, within a band of 2·25 % , a rate of exchange based and in particular the first subparagraph of Article 17 on their effective parity ; (4) thereof ; — for other currencies an exchange rate based on the Whereas the first subparagraph of Article 17 (4) of arithmetic mean of the spot market rates of each Regulation No 359/67/ EEC provides that the export of these currencies recorded for a given period, in refund applicable to rice and broken rice on the' day relation to the Community currencies referred to on which application for an export licence is made, in the previous subparagraph ; adjusted for the threshold price which will be in force Whereas the Opinion of the Monetary Committee was during the month of exportation, must be applied on requested ; request to exports to be effected during the period of validity of the licence ; Whereas it follows from applying all these provisions that the corrective amount applicable on 15 June Whereas Regulation No 474/67/ EEC (4), as amended 1973 must be fixed as shown in the Table annexed to by Regulation (EEC) No 1397/68 (5), lays down this Regulation ; detailed rules for the advance fixing of the export refund on rice and broken rice ; Whereas the measures provided for in this Regulation are in accordance with the Opinion of the Manage­ Whereas that Regulation provides that the refund ment Committee for Cereals ; applicable on the day on which application for an export licence is made must, when it is fixed in advance, be reduced by an amount no greater than the HAS ADOPTED THIS REGULATION : difference between the cif forward delivery price and the cif price, where the former exceeds the latter by - Article 1 more than 0·025 unit of account per 100 kilo­ The corrective amount referred to in Article 17 (4) of grammes ; whereas, on the other hand, the refund must be increased by an amount no greater than the Regulation No 359/67/EEC which is applicable to the difference between the cif price and the cif forward export refunds fixed in advance in respect of rice and broken rice is hereby fixed as shown in the Table delivery price, where the former exceeds the latter by more than 0·025 unit of account per 100 kilo­ annexed to this Regulation . grammes ; Article 2 Whereas the cif price is that determined in accor­ dance with Article 16 of Regulation No 359/67/EEC ; This Regulation shall enter into force on 15 June whereas the cif forward delivery price is that deter 1973 .

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

Done at Brussels , 14 June 1973 . For the Commission P.J. LARDINOIS Member of the Commission

(!) OJ No 174, 31 . 7 . 1967, p . 1 . (2) OJ No L 73 , 27 . 3 . 1972, p . 14. (3 ) OJ No L 73 , 27 . 3 . 1972, p . 5 . (4) OJ No 204, 24. 8 . 1967, p . 20 . (0) OJ No 174, 31 . 7. 1967, p. 32. (5) OJ No L 222, 10 . 9 . 1968 , p . 6 . ( 7) OJ No L 262, 3 . 12. 1970, p. 1 .

15 . 6 . 73 Official Journal of the European Communities No L 158 / 17

ANNEX

to the Commission Regulation of 14 June 1973 fixing the corrective amount applicable to the refund on rice and broken rice

(;u.a. / 100 kg ) 1st 2nd 3rd 4th 5 th CCT Current period period period period period heading Description of goods No o 7 8 9 10 11

10.06 Rice :

A. Paddy rice ; husked rice :

I. Paddy rice : a) Round grained b) Long grained II . Husked rice : a ) Round grained b) Long grained

B. Semi-milled or wholly milled rice : I. Semi-milled rice : a) Round grained b ) Long grained II . Wholly milled rice : a) Round grained b) Long grained

C. Broken rice