31977R2373

No L 277/26 29 . 10 . 77 Official Journal of the European Communities

COMMISSION REGULATION ( EEC) No 2373/77 of 28 October 1977 adjusting the export refunds on olive oil

THE COMMISSION OF THE EUROPEAN year following that in which the application for COMMUNITIES, advance fixing was lodged, on the basis of the threshold price valid for the last month of the latter Having regard to the Treaty establishing the European marketing year ; Economic Community, Whereas, in view of the situation in the international Having regard to Council Regulation 136/66/EEC of olive oil trade, it would be advisable to apply the 22 September 1966 on the establishment of a abovementioned provision to all exports of olive oil in common organization of the market in oils and small containers ; fats ('), as last amended by Regulation (EEC) No Whereas the measures provided for in this Regulation 1707/73 (2), and in particular Article 18 (3) thereof, are in accordance with the opinion of the Manage­ Having regard to Council Regulation No 171 /67/EEC ment Committee for Oils and Fats, of 27 June 1967 on export refunds and levies on olive oil (3), as last amended by Regulation (EEC) No HAS ADOPTED THIS REGULATION : 2429/72 (4), and in particular Article 7a (3) thereof,

The amount of the refund fixed in advance before 31 Having regard to Council Regulation No 162/66/EEC of 27 October 1966 on trade in oils and fats between October 1977 for exports of olive oil effected between the Community and Greece (5), and in particular 1 and 30 November 1977 shall be adjusted on the Article 8 thereof, basis of the threshold price valid in October 1977.

Whereas, to allow transactions to be effected at the Article 2 beginning of a new marketing year, Article 7a of Regu­ lation No 171 /67/EEC makes provision for the adjust­ This Regulation shall enter into force on the third day ment of refunds fixed in advance in respect of exports following its publication in the Official Journal of carried out during the first month of the marketing the European Communities.

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

Done at Brussels, 28 October 1977 .

For the Commission

Finn GUNDELACH Vice-President

0) OJ No 172, 30. 9 . 1966, p. 3025/66. (2) OJ No L 175, 29 . 6. 1973, p. 5. (3) OJ No 130, 28 . 6. 1967, p. 2600/67. 4) OJ No L 264, 23. 11 . 1972, p. 1 . (5) OJ No 197, 29. 10 . 1966, p. 3393/66.