31974R1291

No L 140 / 38 Official Journal of the European Communities 23 . 5 . 74

REGULATION ( EEC) No 1291 / 74 OF THE COMMISSION of 22 May 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 (') 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 81 9 /74 (7) of 5 April 1974 fixing the amount of the This Regulation shall enter into force on 27 May subsidy on oil seeds ; 1974 .

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

Done at Brussels, 22 May 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 . (4) OJ No L 357, 28 . 12. 1973 , p. 6 . (5) OJ No L 236, 24. 8 . 1973 , p. 28 . (0) OJ No L 51 , 23 . 2. 1974, p. 30 . (7) OJ No L 96, 6. 4. 1974, p. 24.

23 . 5 . 74 Official Journal of the European Communities No L 140 / 39

ANNEX

World market price applicable from 27 May 1974 for colza and rape seed (CCT heading No ex 12.01 )

u.a. /100 kg (') World market price : 29-875 World market price where the subsidy is fixed in advance : — for the month of May 29-875 — for the month of June 29-875 — for the month of July 30-023 — for the month of August 27-289 — for the month of September 26-757 — for the month of October 26-529

(*) The conversion rates from units of account into national currency as foreseen by Article 9 (5) (•) 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 6-29814 1 u.a . Dkr 7-57831 1 u.a . £ 0-537710 1 u . a. Ut 818-820