31979R1401

No L 168 / 14 6 . 7 . 79 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 1401 /79

of 5 July 1979

fixing the world market price for colza and rape seed

THE COMMISSION OF THE EUROPEAN of 5 July 1979 fixing the amount of the subsidy on oil COMMUNITIES, seeds (7) ;

Having regard to the Treaty establishing the European Whereas, if the price system is to operate normally, Economic Community, the world market price should be calculated on the following basis : Having regard to Council Regulation No 136/66/EEC — in the case of currencies which are maintained in of 22 September 1966 on the establishment of a common organization of the markets in oils and relation to each other at any given moment within fats (J ), as last amended by Regulation (EEC) No a band of 2.25 % , a rate of exchange based on 590/79 (2), their effective parity ; — 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 852/78 (4), in the previous indent ; Having regard to Commission Regulation (EEC) No Whereas it follows from applying these provisions 2300/73 of 23 August 1973 laying down detailed that the world market price for colza and rape seed rules for applying differential amounts for colza and should be as set out in the Annex hereto, rape seed and repealing Regulation (EEC) No 1464/73 (5), as last amended by Regulation (EEC) No 1234/77 (6), and in particular Article 9 (4) thereof, HAS ADOPTED THIS REGULATION :

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) No 2300/73, the Commission must determine the Regulation (EEC) No 2300/73 shall be as set out in the Annex hereto . 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 1400/79 This Regulation shall enter into force on 6 July 1979.

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

Done at Brussels, 5 July 1979 .

For the Commission

Finn GUNDELACH

Vice-President

1 ) OJ No 172, 30 . 9 . 1966, p. 3025/66. 2) OJ No L 78, 30. 3 . 1979, p. 1 . J) 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 10 of this Official Journal .

6 . 7 . 79 No L 168 / 15 Official Journal of the European Communities

ANNEX

to the Commission Regulation of 5 July 1979 fixing the world market price for colza and rape seed

(ECU / 100 kg) (1)

CCT heading Description World market price No

ex 12.01 23.31 1 Colza and rape seed

(ECU / 100 kv)(')

World market price where the subsidy CCT is fixed in advance for the month of heading Description No October November July August September December 1979 1979 1979 1979 1979 1979

ex 12.01 23.311 23.31 1 23-311 23.311 23.535 23-535 Colza and rape seed

(') The conversion rates from ECU into national currency as foreseen by Article 9 ( 5) (a) of Regulation ( EEC) No 2300/73 are the following : 1 ECU = DM 251064 1 ECU = Fl 2.72077 1 ECU - Bfr/ Lfr 39.4582 1 ECU - FF 5.79831 1 ECU = Dkr 7.08592 1 ECU = I J 0.662638 1 ECU = £ 0.624504 1 ECU « Lit 1 119.94