31977R1925

26 . 8 . 77 Official Journal of the European Communities No L 218/27

COMMISSION REGULATION (EEC) No 1925/77 of 25 August 1977 fixing the corrective amount applicable to the refund on rice and broken rice

THE COMMISSION OF THE EUROPEAN determined in accordance with Article 3 (2) of Regula­ COMMUNITIES, tion 1428/76 (4), based, in respect of each month for which the export licence is valid, on the cif price calculated on the basis of offers for shipment during Having regard to the Treaty establishing the European the month of exportation ; Economic Community, Whereas, if the refund system is to operate normally, refunds should be calculated on the following basis : Having regard to Council Regulation (EEC) No 1418/76 of 21 June 1976 on the common organiza­ — in the case of currencies which are maintained in tion of the market in rice (J), and in particular the relation to each other, at any given moment, second subparagraph of Article 17 (4) thereof, within a band of 2-25 % , a rate of exchange based on their effective parity ; Having regard to the opinion of the Monetary — for other currencies, an exchange rate based on the Committee, arithmetic mean of the spot market rates of each of these currencies recorded for a given period, in relation to the Community currencies referred to Whereas the first subparagraph of Article 17 (4) of in the previous subparagraph ; Regulation (EEC) No 1418/76 provides that the export refund applicable to rice and broken rice on the day on which application for an export licence is Whereas it follows from applying all these provisions made, adjusted for the threshold price which will be that the corrective amount applicable on 26 August in force during the month of exportation, must be 1977 must be fixed as shown in the table annexed to applied on request to exports to be effected during the this Regulation ; period of validity of the licence ;

Whereas the measures provided for in this Regulation are in accordance with the opinion of the Manage­ Whereas Regulation No 474/67/EEC (2), as amended ment Committee for Cereals, by Regulation (EEC) No 1397/68 (3), lays down detailed rules for the advance fixing of the export refund on rice and broken rice :

HAS ADOPTED THIS REGULATION : 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 advance, be reduced by an amount no greater than the Article 1 difference between the cif forward delivery price and the cif price, where the former exceeds the latter by more than 0-25 unit of account per tonne ; whereas, The corrective amount referred to in Article 17 (4) of on the other hand, the refund must be increased by Regulation (EEC) No 1418/76 which is applicable to an amount no greater than the difference between the the export refunds fixed in advance in respect of rice cif price and the cif forward delivery price, where the and broken rice is hereby fixed as shown in the table former exceeds the latter by more than 0-25 unit of annexed to this Regulation. account per tonne ;

Whereas the cif price is that determined in accor­ Article 2 dance with Article 16 of Regulation (EEC) No 1418/76 ; whereas the cif forward delivery price is that This Regulation shall enter into force on 26 August 1977. (») OJ No L 166, 25 . 6. 1976, p. 1 . (2) OJ No 204, 24. 8 . 1967, p. 20. (J) OJ No L 222, 10. 9 . 1968 , p. 6. H OJ No L 166, 25. 6. 1976, p. 30.

No L 218 / 28 Official Journal of the European Communities 26 . 8 . 77

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

Done at Brussels, 25 August 1977. For the Commission

Finn GUNDELACH Vice-President

ANNEX

to the Commission Regulation of 25 August 1977 fixing the corrective amount applicable to the refund on rice and broken rice

(u.a./ tonne)

CCT Current 1st period 2nd period 3rd period 4th period 5th period heading Description of goods No 8 9 10 11 12 1

10.06 Rice : A. Paddy rice ; husked rice : I. Paddy rice : — — — — — — a) Round grain — — — — — — b) Long grain II . Husked rice : a) Round grain 0 0 0 0 0 0 b) Long grain 0 0 0 0 0 0 B. Semi-milled or wholly milled rice : I. Semi-milled rice : — — — — — — a) Round grain — — — — — — b) Long grain II . Wholly milled rice : 0 0 0 0 0 0 a) Round grain b) Long grain 0 0 0 0 0 0 C. Broken rice 0 0 0 0 0 0