31974R2116

No L 220/ 16 Official Journal of the European Communities 10 . 8 . 74

REGULATION (EEC) No 2116/74 OF THE COMMISSION of 9 August 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 — in the case of currencies which are maintained in Economic Community ; 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 ( J ) 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 1569/72 (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 1 690/74 (7) of 28 June 1974 fixing the amount of the This Regulation shall enter into force on 12 August subsidy on oil seeds ; 1974 .

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

Done at Brussels, 9 August 1974.

For the Commission P.J. LARDINOIS Member of the Commission

( i ) OJ No 172, 30 . 9 . 1966, p . 3025/ 66 . 2) OJ No L 175 , 29 . 6 . 1973 , p. 5 . J) 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 176 , 30 . 6 . 1974, p. 8 .

10 . 8 . 74 Official Journal of the European Communities No L 220/ 17

ANNEX

World market price applicable from 12 August 1974 for colza and rape seed (CCT heading No ex 12.01 )

u.a . 1100 (') World market price : 32-143 World market price where the subsidy is fixed in advance : — for the month of August 1974 32-143 — for the month of September 1974 32-143 — for the month of October 1974 32-143 — for the month of November 1974 32-143 — for the month of December 1974 32-143 — for the month of January 1975 32-143

(') 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 6-00543 1 u.a . - Dkr 7-57831 1 u . a . - £ 0-532473 1 u . a . - Lit 821-254