31978R1316

16 . 6 . 78 Official Journal of the European Communities No L 158 /35

COMMISSION REGULATION ( EEC) No 1316/78 of 15 June 1978 fixing the world market price for colza and rape seed

THE COMMISSION OF THE EUROPEAN Whereas, to enable the price system to operate COMMUNITIES , normally, the world market price should be calculated on the following basis : Having regard to the Treaty establishing the European Economic Community, — in the case of currencies which are maintained in relation to each other at any given moment within Having regard to Council Regulation No 136/ a band of 2-25 % , a rate of exchange based on 66/ EEC of 22 September 1966 on the establishment their effective parity ; of a common organization of the markets in oils and — for other currencies, an exchange rate based on the fats ('), as last amended by Regulation (EEC) No arithmetic mean of the spot market rates of each 2560/77 (2 ), of these currencies recorded for a given period in Having regard to Council Regulation (EEC) No relation to the Community currencies referred to 1569/72 of 20 July 1972 laying down special in the previous subparagraph ; measures for colza and rape seed (3), as last amended by Regulation (EEC) No 852/78 (4), Whereas, applying all these provisions, the world market price for colza and rape seed should be fixed Having regard to Commission Regulation ( EEC) No as shown in the table annexed to this Regulation, 2300/73 of 23 August 1973 laying down detailed rules for applying differential amounts for colza and rape seed and repealing Regulation (EEC) No HAS ADOPTED THIS REGULATION : 1464/73 (5 ), as last amended by Regulation (EEC) No 1 234/77 (6), and in particular Article 9(4) thereof, Article 1 , Having regard to the opinion of the Monetary 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 mined in accordance with the rules and the criteria Article 2 set out in Commission Regulation (EEC) No 1315/78 of 15 June 1978 fixing the amount of the subsidy on This Regulation shall enter into force on 16 June oil seeds (7) ; 1978 .

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

Done at Brussels, 15 June 1978 .

For the Commission Finn GUNDELACH Vice-President

(») OJ No 172, 30 . 9 . 1966, p. 3025/66. (2) OJ No L 303 , 28 . 11 . 1977, p. 1 . (3) OJ No L 167, 25 . 7. 1972, p. 9 . (4) OJ No L 116, 28 . 4. 1978 , p. 6. (5 ) OJ No L 236, 24. 8 . 1973, p. 28 . (6) OJ No L 143 , 10 . 6. 1977, p. 9 . (7) See page 31 of this Official Journal .

No L 158 / 36 16 . 6 . 78 Official Journal of the European Communities

ANNEX

World market price applicable from 16 June 1978 for colza and rape seed ( CCT heading No ex 12.01 )

u.a./100 kv ( l ) world market price 21.319 World market price where the subsidy is fixed in advance : — for the month of June 1978 21.319 21.319 — for the month of July 1978 * 20.854 — for the month of August 1978 — for the month of September 1978 20.686 — for the month of October 1978 18.660 — for the month of November 1978 18.660

(') 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 15665 1 u.a . - F1 3.35507 1 u.a . - Bfr/ Lfr 48.6572 1 u.a . - FF 6.95531 1 u.a . » Dkr 8.56656 1 u.a . - £ 0.820513 1 u.a . - I £ 0.820513 1 u.a . - Lit 1 300.00