31974R2855

No L 305/20 Official Journal of the European Communities 15 . 11 . 74

REGULATION (EEC) No 2855 / 74 OF THE COMMISSION of 14 November 1974 fixing the corrective amount applicable to the refund on rice and broken rice

THE COMMISSION OF THE EUROPEAN whereas the cif forward delivery price is that deter­ COMMUNITIES , mined in accordance with Article 3 (2) of Regulation No 365/67/ EEC (5), as last amended by Regulation Having regard to the Treaty establishing the European (EEC) No 2435/70 (6), based, in respect of each month Economic Community ; for which the export licence is valid, on the cif price Having regard to Council Regulation No 359/ calculated on the basis of offers for shipment during 67/EEC (') of 25 July 1967 on the common organiza­ the month of exportation ; tion of the market in rice, as last amended by Regula­ Whereas if the refund system is to operate normally, tion (EEC) No 11 29/74 (2), and in particular the first refunds should be calculated on the following basis : subparagraph of Article 1 7 (4) thereof ; — in the case of currencies which are maintained in Having regard to the Opinion of the Monetary relation to each other, at any given moment, Committee ; within a band of 2-25 % , a rate of exchange based on their effective parity ; Whereas the first subparagraph of Article 17 (4) of Regulation No 359/67/ EEC provides that the export — for other currencies an exchange rate based on the refund applicable to rice and broken rice on the day arithmetic mean of the spot market rates of each on which application for an export licence is made, of these currencies recorded for a given period, in adjusted for the threshold price which will be in force relation to the Community currencies referred to during the month of exportation , must be applied on in the previous subparagraph ; request to exports to be effected during the period of Whereas it follows from applying all these provisions validity of the licence ; that the corrective amount applicable on 15 November 1974 must be fixed as shown in the Table Whereas Regulation No 474/67/EEC (3), as amended by Regulation ( EEC) No 1397/ 68 (4), lays down annexed to this Regulation ; detailed rules for the advance fixing of the export Whereas the measures provided for in this Regulation refund on rice and broken rice ; are in accordance with the Opinion of the Manage­ ment Committee for Cereals, Whereas that Regulation provides that the refund applicable on the day on which application for an export licence is made must, when it is fixed in HAS ADOPTED THIS REGULATION : advance, be reduced by an amount no greater than the difference between the cif forward delivery price and Article 1 the cif price, where the former exceeds the latter by more than 0-025 unit of account per 100 kilo­ The corrective amount referred to in Article 17 (4) of grammes ; whereas, on the other hand, the refund Regulation No 359/67/ EEC which is applicable to the must be increased by an amount no greater than the export refunds fixed in advance in respect of rice and difference between the cif price and the cif forward broken rice is hereby fixed as shown in the Table delivery price, where the former exceeds the latter by annexed to this Regulation . more than 0-025 unit of account per 100 kilo­ grammes ; Article 2 Whereas the cif price is that determined in accor­ This Regulation shall enter into force on 15 dance with Article 16 of Regulation No 359/67/ EEC ; November 1974 .

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

Done at Brussels , 14 November 1974 . For the Commission P.J. LARDINOIS Member of the Commission

(') OJ No 174, 31 . 7. 1967, p. 1 . (*) OJ No L 128 , 10 . 5 . 1974, p. 20, (*) OJ No 204, 24. 8 . 1 967, p. 20 . (s ) OJ No 174, 31 . 7 . 1967, p. 32. («) OJ No L 222, 10. 9 . 1968 , p. 6. (*) OJ No L 262, 3 . 12. 1970, p. 1 .

15 . 11 . 74 Official Journal of the European Communities No L 305/21

ANNEX

to the Commission Regulation of 14 November 1974 fixing the corrective amount applicable to the refund on rice and broken rice

(iU .M ./IOO km} 1st 2nd 3rd 4th 5th CCT Current heeding period period period period period Description of goods No 11 12 1 2 3 4

10 0« Rice :

A. Paddy rice ; husked rice :

I. Paddy rice : a ) Round grained b) Long grained II . Husked rice : a ) Round grained b ) Long grained

II . Semi-milled or wholly milled nee : I. Semi-milled rice : a ) Round grained b) Long grained . II . Wholly milled rice : a ) Round grained b ) Long grained

C. Broken rice