31979R2416

1 . 11 . 79 No L 275/47 Official Journal of the European Communities

COMMISSION REGULATION ( EEC) No 2416/79 of 31 October 1979 fixing the world market price for colza and rape seed

THE COMMISSION OF THE EUROPEAN of 31 October 1979 fixing the amount of the subsidy COMMUNITIES, on oil 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 relation to each other at any given moment within common organization of the markets in oils and a band of 2-25 % , a rate of exchange based on fats ('), as last amended by Regulation (EEC) No their effective parity ; 590/79 (2), — 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 HAS ADOPTED THIS REGULATION : 1 234/77 (6), and in particular Article 9 (4) thereof,

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) Regulation (EEC) No 2300/73 shall be as set out in No 2300/73 , the Commission must determine the the Annex hereto . world market price for colza and rape seed ; Article 2 Whereas the world market price should be deter­ mined in accordance with the rules and the criteria This Regulation shall enter into force on 1 November set out in Commission Regulation (EEC) No 2415/79 1979 .

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

Done at Brussels, 31 October 1979 .

For the Commission

Finn GUNDELACH Vice-President

(») OJ No 172, 30. 9 . 1966, p . 3025/ 66. (2) OJ No L 78 , 30 . 3 . 1979, p. 1 . (3 ) OJ No L 167, 25 . 7. 1972, p. 9 . (<) OJ No L 116, 28 . 4. 1978 , p. 6. (») OJ No L 236, 24. 8 . 1973, p. 28 . (*) OJ No L 143, 10 . 6. 1977, p. 9 . (7) See page 43 of this Official Journal .

No L 275/48 Official Journal of the European Communities 1 . 11 . 79

ANNEX

to the Commission Regulation of 31 October 1979 fixing the world market price for colza and rape seed

(ECU / 100 kg) (') CCT heading Description World market price No

ex 1 2.0 1 Colza and rape seed 20.933

(ECU/ 100 kg)(') World market price where the subsidy CCT is fixed in advance for the month of heading Description No November December January February March April 1979 1979 1980 1980 1980 1980

ex 1 2.0 1 Colza and rape seed 20.933 20.933 21-328 21.328 21.328 21.939

( l) 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 2.48557 1 ECU = Fl 2.74748 1 ECU - Bfr/ Lfr 39.8456 1 ECU - FF 5.85522 1 ECU = Dkr 7.36594 1 ECU - I £ 0.669141 1 ECU - £ 0.648799 1 ECU = Lit 1 145.13