31974R1940

25 . 7 . 74 Official Journal of the European Communities No L 203 / 31

REGULATION ( EEC) No 1940 /74 OF THE COMMISSION of 24 July 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 1 707/ 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 1690/74 (7) of 28 June i9"?4 fixing the amount of the This Regulation shall enter into force on 25 July subsidy on oil seeds ; 1 974 .

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

Done at Brussels, 24 July 1974. For the Commission P.J. LARD1NOIS 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. s) OJ No L 236, 24. 8 . 1973 , p. 28 . <•) OJ No L 51 , 23 . 2. 1974, p. 30 . 7) OJ No L 176, 30 . 6 . 1974, p. 8 .

No L 203 / 32 Official journal of the European Communities 25 . 7 . 74

ANNEX

World market price applicable from 25 July 1974 for colza and rape seed ( CCT heading No ex 12.01 )

u.a. /100 kv, !') World market price : 26.645 World market price where the subsidy is fixed in advance : ' — for the month of July 26-645 — for the month of August 26-645 — for the month of September 26-645 — for the month of October 26-645 — for the month of November 30-683 — for the month of December 30-683

( ! ) 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. n. = DM 3-21978 1 u.a . = Fl 3-35507 1 u.a . = Bfr/Lfr 48-6572 1 u.a . FF 6-14080 1 u.a . Dkr 7-57831 1 u.a . = £ 0-532473 1 u.a . — Lit 821-254