31978R1540

4 . 7 . 78 Official Journal of the European Communities No L 181 / 9

COMMISSION REGULATION (EEC) No 1540/78 of 3 July 1978 fixing the world market price for colza and rape seed

rHE 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 — in the case of currencies which are maintained in Economic Community, 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 (1 ), as last amended by Regulation (EEC) No arithmetic mean of the spot market rates of each 1419/78 (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 Whereas, applying all these provisions, the world by Regulation (EEC) No 852/78 (4), 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 Regulation (EEC) No 2300/73 and the rates to be used Whereas, pursuant to Article 9 (4) of Regulation (EEC) for converting them into national currencies shall be No 2300 /73 , the Commission must determine the as shown in the table annexed to this Regulation . world market price for colza and rape seed ;

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 1500/78 This Regulation shall enter into force on 4 July 1978 . of 30 June 1978 fixing the amount of the subsidy on oil seeds (7) ; It shall be applicable as from 3 July 1978 .

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

Done at Brussels, 3 July 1978 .

For the Commission

Finn GUNDELACH Vice-President

(M OJ No 172, 30 . 9 . 1966, p. 3025/66 . 0 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 . (*) OJ No L 143 , 10 . 6 . 1977, p. 9 . ( 7 OJ No L 178 , 1 . 7 . 1978 , p . 32 .

No L 181 / 10 Official Journal of the European Communities 4. 7. 78

ANNEX

World market price applicable from 3 July 1978 for colza and rape seed (CCT heading No ex 12.01 )

u.a. /100 kg (•) World market price 20.455 World market price where the subsidy is fixed in advance : — for the month of July 1978 20-455 — for the month of August 1978 20-123 — for the month of September 1978 19-955 — for the month of October 1978 16-931 — for the month of November 1978 16.931 — for the month of December 1978 16-931

(') 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 . = Fl 3.35507 1 u.a . = Bfr/ Lfr 48.6572 1 u.a . = FF 6.89360 1 u.a . = Dkr 8-56656 1 u.a . — £ 0.820513 1 u.a . «• I £ 0.820513 1 u.a . = Lit 1 300.00