31974R0088

12 . I. 74 No L 10 / 15 Official Journal of the European Communities

REGULATION ( EEC) No 88 / 74 OF THE COMMISSION of 1 1 January 1974 determining the world market price for colza and rape seed

THE COMMISSION OF THE EUROPEAN Whereas to enable the price system to operate COMMUNITIES , normally, the world market price should be calculated on the following basis : Having regard to the Treaty establishing the European Economic Community ; — in the case of currencies which are maintained in relation to each other, at any given moment, Having regard to Council Regulation No 136/ within a band of 2-25 % , a rate of exchange based 66/ EECC ) of 22 September 1966 on the establish­ on their effective parity ; ment of a common organization of the markets in oils and fats, as last amended by Regulation (EEC) No — for other currencies an exchange rate based on the 1707/ 73 0 ; arithmetic mean of the spot market rates of each of these currencies recorded for a given period, in Having regard to Council Regulation (EEC) No relation to the Community currencies referred to 1 569/ 72 (3) of 20 July . 1972 laying down special in the ' previous subparagraph ; measures for colza and rape seed , as last amended by Regulation ( EEC) No 3477/ 73 (4 ) ; Whereas, applying all these provisions, the world Having regard to Commission Regulation ( EEC) No market price for colza and rape seed should be fixed 2300 /73 (5 ) of 23 August 1973 laying down detailed as shown in the Table annexed to this Regulation , rules for applying differential amounts for colza and rape seed and repealing Regulation (EEC) No 1464 / 73 , as last amended by Regulation ( EEC) No HAS ADOPTED THIS REGULATION : 3491 /73 (6), and in particular Article 9 (4) thereof ;

Having regard to the Opinion of the Monetary Article i Committee ; The world market price referred to in Article 9 (4) of Whereas, pursuant to Article 9 (4) of Regulation ( EEC) Regulation ( EEC) No 2300 /73 and the rates to be used No 2300 / 73 , the Commission must determine the for converting them into national currencies shall be world market price for colza and rape seed ; as shown in . the Table annexed to this Regulation . Whereas the world market price should be deter­ mined in accordance with the rules and the criteria Article 2 set out in Commission Regulation (EEC) No 1898 / 73 ( ; ) of 13 July 1973 fixing the amount of the This Regulation shall enter into force on 14 January subsidy on oil seeds ; . 1974 .

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

Done at Brussels , 11 January 1974 .

For the Commission P.J. LARDINOIS Member of the Commission

( l ) OJ No 172, 30 . 9 . 1966, p . 3025 / 66 . (') OJ No L 175, 29 . 6 . 1973 , p. 5 . (*) OJ No L 167, 25 . 7 . 1972, p. 9 . («) OJ No L 357, 28 . 12 . 1973 , p. 6 . (5) OJ No L 236, 24. 8 . 1973 , p. 28 . (6) OJ No L 357, 28 . 12 . 1973 , p . 31 . (7) OJ No L 193 , 14 . 7 . 1973 , p. 28 .

No L 10/ 16 Official Journal of the European Communities 12 . 1 . 74

ANNEX

World marker price applicable worn M January 1974 for colza and raps seed ( CCT heading No ex 12.01 )

u.a. / 100 kg ( l ) World market price : 27-163 World market price where the subsidy is fixed in advance : — for the month of January 1974 : 27-163 — for the month of February 1974 : 27-163 — for the month of March 1974 : 27-457 — for the month of April 1974 : 25-839 — for the month of May 1974 : 25-839 — for the month of June 1974 : 25-524

(■) The conversion rates from units of account into national currency as foreseen by Article 9 (5 ) (a ) of Regulation ( EEC ) No 2300/73 are the following : 1 u.a . ■= DM 3-21978 1 u.a . Fl 3-35507 1 u. e. Bfr/Lfr 48-6572 1 u.a . = FF 5-55419 t U.S. — Dkr 7-57831 1 u.a . ■« £ 0-507441 1 u.a . *= Lit 725-036