31973R1972

21 . 7 . 73 Official Journal of the European Communities No L 201 / 17

REGULATION (EEC) No 1972/73 OF THE COMMISSION of 20 July 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 ; Having regard to Council Regulation No 120/ Whereas, on the basis of today's cif prices and cif 67/EEC (1) of 13 June 1967 on the common organiza­ forward delivery prices, taking foreseeable develop­ tion of the market in cereals, as last amended by the ments on the market into account, the corrective Act (2) annexed to the Treaty (3) on the Accession of amount at present applicable to the refund on cereals new Member States to the European Economic should be altered : Community and the European Atomic Energy Community, signed at Brussels on 22 January 1972, and in particular the second sentence of the first HAS ADOPTED THIS REGULATION : subparagraph of Article 1 6 (4) thereof ;

Having regard to the Opinion of the Monetary Article 1 Committee ; Whereas, the corrective amount applicable to the The corrective amount referred to in Article 16(4) of refund on cereals was fixed by Regulation (EEC) No Regulation No 120/67/EEC which is applicable to the export refunds fixed in advance in respect of cereals is 1948/73 (4); hereby altered as shown in the Table annexed to this Whereas, if the refund system is to operate normally, Regulation. refunds should be calculated on the following basis : — in the case of currencies which are maintained in Article 2 relation to each other, at any given moment, within a band of 2-25 % , a rate of exchange based This Regulation shall enter into force on 21 July on their effective parity ; 1973 .

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

Done at Brussels, 20 July 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. (<) OJ No L 200, 20 . 7. 1973, p. 13 .

No L 201 / 18 Official Journal of the European Communities 21 . 7 . 73

ANNEX

to the Commission Regulation of 20 July 1973 altering the corrective amount applicable to the refund on cereals

( u.a. / ton .

1st 2nd 3rd 4th· 5 th 6th CCT Current period period period period period period heading Description of goods No 7 8 9 10 11 12 1 .

10.01 A Common wheat, and mes­ • . . iin 10.01 B Durum wheat — — . · . — — — — — 1 0.02 ' Rye ' — · ' — • — — — — — 10.03 Barley — — — — — — . — 10.04 Oats — — • - s T­ — — — — 10.05 B Maize other than hybrid maize for sowing ' __ . _ 10.07 C Grain sorghum