31974R0519

2. 3 . 74 Official Journal of the European Communities No L 60 / 11

REGULATION (EEC) No 519/74 OF THE COMMISSION of 1 March 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/EEC ( 1 ) 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 (2) ; 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 : 456/74 (6), and in particular Article 9 (4) thereof ; Having regard to the Opinion of the Monetary Article 1 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 (7) of 13 July 1973 fixing the amount of the This Regulation shall enter into force on 4 March subsidy on oil seeds ; 1974 .

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

Done at Brussels, 1 March 1974 . For the Commission P.J. LARDINOIS Member of the Commission

(!) OJ No 172, 30 . 9 . 1966, p. 3025/66 . (2) OJ No L 175, 29 . 6 . 1973 , p. 5 . (3) 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 . (*) OJ No L 51 , 23 . 2 . 1974, p . 30 . (7) OJ No L 193 , 14. 7 . 1973 , p . 26 .

No L 60/ 12 Official Journal of the European Communities 2 . 3 . 74

ANNEX

World market price applicable from 4 March 1974 for colza and rape seed ( CCT heading No ex 12.01 )

u.a. /100 kg ('} World market price : 31-572 World market price where the subsidy is fixed in advance : — for the month of March 31-572 — for the month of April 29-869 — for the month of May 29-869 — for the month of June 29-486 — for the month of July 28-997 — for the month of August 28-665

( l ) 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.a . = Bfr/Lfr 48-6572 1 u.a . = FF 5-92298 1 u.a . = Dkr 7-57831 1 u.a . = £ 0-520643 1 u . a. *= Lit 781-262