31974R1404

No L 149/20 Official Journal of the European Communities 6 . 6 . 74

REGULATION (EEC) No 1404/74 OF THE COMMISSION of 5 June 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 ; Whereas, pursuant to Article 9 (4) of Regulation (EEC) The world market price referred to in Article 9 (4) of No 2300 /73 , the Commission must determine the Regulation (EEC) No 2300/73 and the rates to be used world market price for colza and rape seed ; for converting them into national currencies shall be 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 set out in Commission Regulation (EEC) No Article 2 819/74 (7) of 5 April 1974 fixing the amount of the subsidy on oil seeds ; This Regulation shall enter into force on 6 June 1974.

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

Done at Brussels, 5 June 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 . (6) OJ No L 51 , 23 . 2. 1974, p. 30 . (7). OJ No L 96 , 6 . 4 . 1974, p. 24.

6 . 6 . 74 Official Journal of the European Communities No L 149/21

ANNEX

World market price applicable from 6 June 1974 for colza and rape seed ( CCT heading No ex 12.01

u.a. /100 kg (') World market price : 28·906 i World market price where the subsidy is fixed in advance : — for the month of June 28·906 — for the month of July 28·673 28·253 — for the month of August — for the month of September 27·400 — for the month of October 26·049 — for the month of November 26·010

(') 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 . "= F1 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 I u.a . — Lit 818·820