31978R2815

1 . 12. 78 No L 334/49 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 2815/78 of 30 November 1978 fixing the aid for castor seeds

THE COMMISSION OF THE EUROPEAN Whereas offers and prices which do not satisfy these COMMUNITIES, conditions must be adjusted in accordance with Article 2 of Commission Regulation (EEC) No Having regard to the Treaty establishing the European 2290/78 of 28 September 1978 laying down detailed Economic Community, rules for the application of the special measures for castor seeds (5) ; Having regard to Council Regulation (EEC) No 2874/77 of 19 December 1977 laying down special Whereas Article 2 of Regulation (EEC) No 1853/78 measures in respect of castor seeds (J), and in parti­ provides that where no offer or price can be used to cular Article 2 (5) thereof, determine the world market price of castor seed it shall be determined on the basis of the offers and Having regard to the opinion of the Monetary prices on the world or Community markets for castor Committee, oil and oil-cake ; whereas for this purpose the value of the average quantities of oil and oil-cake obtained in Whereas Article 2 ( 1 ) of Regulation (EEC) No 2874/77 the Community from processing 100 kg of castor seed specifies that aid shall be granted in respect of castor less the amount of the cost of processing the seed into seeds when the guide price for a marketing year is oil and oil-cake shall be used ; higher than the world market price ; whereas this aid is to be equal to the difference between these two prices ; Whereas Article 3 of Regulation (EEC) No 1853/78 provides that where no offer or price can be used to Whereas the guide price has been fixed by Council determine the world market price for castor seed and, Regulation (EEC) No 1296/78 of 6 June 1978 fixing further, it is impossible to establish the value of the the guide price for castor seed for the 1978/79 oil-cake or oil processed from such seed, the world marketing year (2) ; market price shall be equal to the guide price for castor seed ; Whereas the world market price is determined for seed in bulk delivered to Rotterdam of the standard Whereas in order to permit the aid system to function quality for which the guide price was fixed ; smoothly the following conversion rates should be used : Whereas Council Regulation (EEC) No 1853/78 of 25 July 1978 adopting general rules in connection with special measures for castor seeds (3) provides that the — for currencies the exchange rates for which are world market price shall be determined on the basis kept at any given moment within a maximum of the actual most favourable purchasing possibilities spread of 2-25 % , a conversion rate calculated disregarding offers and prices which cannot be consid­ from their actual parity, ered as representative of the actual market trend ; — for the other currencies a conversion rate calcu­ lated from the arithmetical mean of the spot Whereas in determining the world market price market rates of each of these currencies, recorded account is to be taken only of the offers made on the over a given period, against the Community world market for delivery during the most representa­ currencies indicated in the preceding indent ; tive period for the sale of seed of Community origin and of the prices quoted for delivery during the same period on the major international exchanges ; whereas Whereas the aid must be fixed once a month, and in the most representative period for the sale of seed of such a way that it can be applied from the first day of Community origin has been fixed by Commission the month following the date of fixing ; whereas it Regulation (EEC) No 2308/78 of 2 October 1978 may be altered between fixing ; determining for the marketing year 1978/79 the most representative period for the sale of Community castor seeds (4) ; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Manage­ 0) OJ No L 332, 24. 12. 1977, p. 1 . ment Committee for Oils and Fats, 0 OJ No L 160, 17. 6. 1978, p. 7. (») OJ No L 212, 2. 8 . 1978, p. 1 . (4) OJ No L 278, 3. 10. 1978, p. 24. (5) OJ No L 275, 30. 9. 1978 , p. 83 .

No L 334/50 1 . 12. 78 Official Journal of the European Communities

HAS ADOPTED THIS REGULATION : Article 2

Article1¶

The aid referred to in Article 2 of Regulation (EEC) No 2874/77 shall be 22-234 units of account per 100 This Regulation shall enter into force on 1 December 1978 . kilograms.

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

Done at Brussels, 30 November 1978 .

For the Commission Finn GUNDELACH

Vice-President