31977R1987

No L 225/ 16 Official Journal of the European Communities 3 . 9 . 77

COMMISSION REGULATION ( EEC) No 1987/77 of 2 September 1977 fixing the world market price for colza and rape seed

THE COMMISSION OF THE EUROPEAN oil seeds (7), as last amended by Regulation (EEC) No COMMUNITIES, 1962/77 (8); Having regard to the Treaty establishing the European Whereas, to enable the price system to operate Economic Community, normally, the world market price should be calculated on the following basis : Having regard to Council Regulation No 136/ — in the case of currencies which are maintained in 66/ EEC of 22 September 1966 on the establishment relation to each other at any given moment within of a common organization of the markets in oils and a band of 2-25 % , a rate of exchange based on fats ('), as last amended by Regulation (EEC) No their effective parity ; 1707/73 (2 ), — for other currencies, an exchange rate based on the Having regard to Council Regulation (EEC) No arithmetic mean of the spot market rates of each 1569/72 of 20 July 1972 laying down special of these currencies recorded for a given period in measures for colza and rape seed (3), as last amended relation to the Community currencies referred to by Regulation (EEC) No 3477/73 (4), in the previous subparagraph ; Having regard to Commission Regulation (EEC) No Whereas, applying all these provisions, the world 2300/73 of 23 August 1973 laying down detailed market price for colza and rape seed should be fixed rules for applying differential amounts for colza and as shown in the table annexed to this Regulation, rape seed and repealing Regulation (EEC) No 1464/73 (5), as last amended by Regulation (EEC) No HAS ADOPTED THIS REGULATION : 1 234/77 (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 Article 2 mined in accordance with the rules and the criteria set out in Commission Regulation (EEC) No 1443/77 This Regulation shall enter into force on 5 September of 30 June 1977 fixing the amount of the subsidy on 1977 .

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

Done at Brussels, 2 September 1977.

For the Commission Finn GUNDELACH Vice-President

(') 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. (5) OJ No L 236, 24. 8 . 1973, p. 28 . 0 OJ No L 161 , 1 . 7. 1977, p. 31 . (o) OJ No L 143 , 10 . 6 . 1977, p . 9 . (8) OJ No L 223, 1 . 9 . 1977, p. 31 .

3 . 9 . 77 No L 225/ 17 Official Journal of the European Communities

ANNEX

World market price applicable from 5 September 1977 for colza and rape seed (CCT heading No ex 12.01 )

u.aJWO kg (') World market price 18.633 World market price where the subsidy is fixed in advance : — for the month of September 1977 18.633 — for the month of October 1977 18.633 — for the month of November 1977 19.168 — for the month of December 1977 19.168 — for the month of January 1978 19.168 — for the month of February 1978 19.242

(') 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 3.1 5665 1 u.a . = F1 3.35507 1 u.a . = Bfr / Lfr 48.6572 1 u.a . = FF 6.70205 1 u.a . = Dkr 8.56656 1 u.a . = £ 0.782289 1 u.a . = I £ 0.782289 1 u.a . = Lit 1 200.84