31979R1446

No L 176/ 16 13 . 7 . 79 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 1446/79 of 12 July 1979 fixing the corrective amount applicable to the refund on rice and broken rice

THE COMMISSION OF THE EUROPEAN tion (EEC) No 1428/76 (5), based, in respect of each COMMUNITIES, month for which the export licence is valid, on the cif price calculated on the basis of offers for shipment during the month of exportation ; Having regard to the Treaty establishing the European Economic Community, Whereas, if the refund system is to operate normally, refunds should be calculated on the following basis : Having regard to Council Regulation (EEC) No — in the case of currencies which are maintained in 1418/76 of 21 June 1976 on the common organiza­ relation to each other at any given moment within tion of the market in rice (*), as last amended by Regu­ a band of 2-25 % , a rate of exchange based on lation (EEC) No 1260/78 (2), and in particular the their effective parity ; second subparagraph of Article 17 (4) thereof, — for other currencies, an exchange rate based on the Having regard to the opinion of the Monetary arithmetic mean of the spot market rates of each Committee, of these currencies recorded for a given period in relation to the Community currencies referred to in the previous indent ; Whereas the first subparagraph of Article 17 (4) of Regulation (EEC) No 1418/76 provides that the Whereas it follows from applying the provisions set export refund applicable to rice and broken rice on out above that the corrective amount applicable on 13 the day on which application for an export licence is July 1979 must be as set out in the Annex hereto ; made, adjusted for the threshold price which will be in force during the month of exportation, must be Whereas Council Regulation (EEC) No 652/79 of 29 applied on request to exports to be effected during the March 1979 (6) laid down the coefficient for period of validity of the licence ; expressing amounts, fixed in units of account, in ECU ; Whereas Regulation No 474/67/EEC (3), as amended by Regulation (EEC) No 1397/68 (4), lays down Whereas the measures provided for in this Regulation detailed rules for the advance fixing of the export are in accordance with the opinion of the Manage­ refund on rice and broken rice ; ment Committee for Cereals,

Whereas that Regulation provides that the refund applicable on the day on which application for an HAS ADOPTED THIS REGULATION : export licence is made must, when it is fixed in advance, be reduced by an amount no greater than the difference between the cif forward delivery price and the cif price, where the former exceeds the latter by Article 1 more than 0-25 unit of account per tonne ; whereas, on the other hand, the refund must be increased by The corrective amount referred to in Article 17 (4) of an amount no greater than the difference between the Regulation (EEC) No 1418/76 which is applicable to cif price and the cif forward delivery price, where the the export refunds fixed in advance in respect of rice former exceeds the latter by more than 0*25 unit of and broken rice shall be as set out in the Annex account per tonne ; hereto .

Whereas the cif price is that determined in accor­ dance with Article 16 of Regulation (EEC) No Article 2 1418/76 ; whereas the cif forward delivery price is that determined in accordance with Article 3 (2) of Regula­ This Regulation shall enter into force on 13 July 1979 . (>) OJ No L 166, 25. 6/ 1976, p. 1 . (*) OJ No L 156, 14. 6. 1978 , p. 11 . (*) OJ No L 166, 25. 6. 1976, p. 30. (>) OJ No 204, 24. 8 . 1967, p. 20. 6) OJ No L 84, 4. 4. 1979, p. 1 . (<) OJ No L 222, 10. 9. 1968 , p. 6.

13 . 7 . 79 No L 176/ 17 Official Journal of the European Communities

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

Done at Brussels, 12 July 1979.

For the Commission

Finn GUNDELACH Vice-President

ANNEX

to the Commission Regulation of 12 July 1979 fixing the corrective amount applicable to the refund on rice and broken rice

(ECU / tonne)

CCT Current 1st period 2nd period 3rd period 4th period 5th period heading Description No 7 8 9 10 11 12

10.06 Rice : A. Paddy rice ; husked rice : I. Paddy rice : a) Round grain b) Long grain II . Husked rice : a) Round grain b) Long grain 0 0 0 0 0 0 B. Semi-milled or wholly milled rice : I. Semi-milled rice : a) Round grain b) Long grain II . Wholly milled rice : a) Round grain b) Long grain 0 0 0 0 0 0 C. Broken rice