31975R1247

16 . 5 . 75 No L 125 / 25 Official Journal of the European Communities

REGULATION (EEC) No 1247 / 75 OF THE COMMISSION

, of 15 May 1975 fixing the corrective amount applicable to the refund on cereals

THE COMMISSION OF THE EUROPEAN Whereas the cif price is that determined in accor­ COMMUNITIES , dance with Article 13 of Regulation No 120 / 67/ EEC ; whereas the cif forward delivery price is that deter­ Having regard to the Treaty establishing the European mined in accordance with Article 3 (2) of Regulation Economic Community ; No 140 /67/ EEC (7), as amended by Regulation (EEC) No 2435/70 (8), based, in respect of each month for which the export licence is valid, on the cif price Having regard to Council Regulation No 120 / calculated on the basis of offers for shipment during 67/ EEC (') of 13 June 1967 on the common organiza­ the month of exportation ; tion of the market in cereals, as last amended by Regu­ lation (EEC) No 85/75 (2), and in particular the third sentence of the second subparagraph of Article"16 (4) Whereas the corrective amount so fixed will be altered thereof ; if application of the calculation procedure described above entails a change in that amount of more than Having regard to Council Regulation No 139 / 0-125 unit of account ; 67/ EEC (3) of 21 June 1967 laying down general rules for granting export refunds on cereals and criteria for fixing the amount of such refunds, as last amended by Whereas, however, Article 2 of Regulation No 633/ Regulation (EEC) No 87/75 (4 ) ; 67/ EEC provides that the corrective amount appli­ cable to the amount of the refund fixed in advance on exports to be effected after the third month following Having regard to the Opinion of the Monetary that during which the licence was issued should be Committee ; fixed on the basis of foreseeable market trends ; whereas to this end account should be taken of avail­ Whereas Article 16 (4) of Regulation No 120/67/ EEC abilities and foreseeable trends on the Community provides that the export refund applicable to cereals market and of forward trends on the world market, in on the day on which application for an export licence particular on those markets whose specific require­ is made, adjusted for the threshold price in force ments have made it necessary to vary the refund ; during the month of exportation , must be applied on request to exports to be effected during the period of validity of the export licence ; whereas, in this case, a Whereas, if the refund system is to operate normally, corrective amount must be applied to the refund ; refunds should be calculated on the following basis :

Whereas Regulation No 633 / 67/ EEC (5 ), as last — in the case of currencies which are maintained in amended by Regulation ( EEC) No 1461 /72 (6), lays relation to each other, at any given moment, down detailed rules for the advance fixing of the within a band of 2-25 % , a rate of exchange based export refund on cereals ; on their effective parity ;

Whereas that Regulation provides that the refund — for other currencies an exchange rate based on the applicable on the day on which application for an arithmetic mean of the spot market rates of each export licence is made must, when the refund is fixed of these currencies recorded for a given period, in in advance, be reduced by not more that the differ­ relation to the Community currencies referred to ence between the cif forward delivery price and the cif in the previous subparagraph ; price where the former exceeds the latter - by more than one unit of account per metric ton ; whereas , on the other hand, the refund must be increased by not Whereas it follows from applying all these provisions more than the difference between the cif price and that the corrective amount must be fixed as shown in the cif forward delivery price where the former the table annexed to this Regulation ; exceeds the latter by more than one unit of account per metric ton ; Whereas the measures provided for in this Regulation C ) OJ No 117, 19 . 6 . 1967, p . 2269 / 67 . are in accordance with the Opinion of the Manage­ (2 ) OJ No L 11 , 16 . 1 . 1975, p. 1 . ment Committee for Cereals , (3 ) OJ No 125, 26 . 6 . 1967, p . 2453 / 67 . (4) OJ No L 1 1 , 16 . 1 . 1975 , p. 3 . (5 ) OJ No 233 , 28 . 9 . 1967, p . 9 . ( 7) OJ No 125 , 26 . 6 . 1967, p . 2456/ 67 . (6) OJ No L 155 , 11 . 7 . 1972, p. 35 . (8) OJ No L 262, 3 . 12. 1970 , p. 3 .

No L 125/26 16 . 5 . 75 Official Journal of the European Communities

HAS ADOPTED THIS REGULATION : hereby fixed as shown in the table annexed to this Regulation . Article 1 Article 2 The corrective amount referred to in Article 16 (4) of Regulation No 120/67/ EEC which is applicable to This Regulation shall enter into force on 16 May export refunds fixed in advance in respect of cereals is 1975 .

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

Done at Brussels, 15 May 1975.

For the Commission

P.J. LARDINOIS

Member of the Commission

ANNEX

to the Commission Regulation of 15 May 1975 fixing the corrective amount applicable to the refund on cereals

(u.a. / metric ton)

CCT 1st 2nd 3rd 4th 5th 6th Current heading Description of goods period period period period period period No 5 6 7 8 9 10 11

10.01 A Common wheat, and meslin 0 + 400 + 5-00 + 5-00 Durum wheat — — — — — — — 10.01 B 0 — — — 10.02 Rye 0 0 0 10.03 0 0 0 0 — — — Barley Oats 0 0 0 0 — — — 10.04 10.05 B Maize other than hybrid maize I 0 0 0 0 — — — for sowing 10.07 C 0 0 0 0 — — — Grain sorghum 11.01 A 0 0 0 0 0 — — Common wheat flour 11.01 B 0 0 — — Rye flour 0 0 0 11.02 Ala — — — — — — — Durum wheat groats and meal 11.02 Alb Common wheat groats and I I meal 0 0 0 0 0 — —

N.B. The zones are those defined in Regulation (EEC) No 941 /72 (OJ No L 107, 6. 5 . 1972).