31974R0091

15 . 1 . 74 Official Journal of the European Communities No L 12/ 5

REGULATION ( EEC) No 91 /74 OF THE COMMISSION of 14 January 1974 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 (') of 13 June 1967 on the common organiza­ forward delivery prices, taking foreseeable develop­ tion of the market in cereals, as last amended by Regu­ ments on the market into account, the corrective lation (EEC) No 1346/ 73 (2 ), and in particular the amount at present applicable to the refund on cereals second sentence of the first subparagraph of Article should be altered, 1 6 (4) thereof ; HAS ADOPTED THIS REGULATION : Having regard to the Opinion of the Monetary Committee ; Article 1 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 63 /74 (3 ) and subsequent amending Regulations ; export refunds fixed in advance in respect of cereals is Whereas , if the refund system is to operate normally, hereby altered as shown in the Table annexed to this refunds should be calculated on the following basis : Regulation . — 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 15 January on their effective parity ; 1974 .

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

Done at Brussels, 14 January 1974.

For the Commission

P. J. LARDINOIS Member of the Commission

(') OJ No 117, 19 . 6 . 1967, p . 2269/67. (2 ) OJ No L 141 , 28 . 5 . 1973, p. 8 . (3) OJ No L 9, 11 . 1 . 1974, p . 5.

No L 12/6 Official Journal of the European Communities 15 . 1 . 74

ANNEX

to the Commission Regulation of 14 January 1974 altering the corrective amount applicable to the refund on cereals

I u a J ton ) 1st 2nd 3rd 4th 5th 6th CCT Current period period period period period period heading Description of goods No 1 2 3 4 5 7 6

10.01 A Common wheat, and mes­ lin 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