31987R0890

28 . 3 . 87 Official Journal of the European Communities No L 85/23

COMMISSION REGULATION (EEC) No 890/87 of 27 March 1987 fixing the corrective amount applicable to the refund on malt

THE COMMISSION OF THE EUROPEAN COMMUNITIES, whereas the same Regulation also provides that account must be taken of the quantity of cereals needed for making malt, the economic aspect of exports and the Having regard to the Treaty establishing the European need to avoid disturbances on the Community market ; Economic Community,

Whereas the world market situation or the specific requi­ Having regard to the Act of Accession of Spain anjl rements of certain markets may make it necessary to vary Portugal, the corrective amount according to destination ;

Whereas the corrective amount must be fixed at the same Having regard to Council Regulation (EEC) No 2727/75 of 29 October 1975 on the common organization of the time as the refund and according to the same procedure ; market in cereals ('), as last amended by Council Regula­ whereas it may be altered in the period between fixings ; tion (EEC) No 1579/86 0, Whereas, if the system of corrective amounts is to operate normally, corrective amounts should be calculated on the Having regard to Council Regulation (EEC) No 2746/75 following basis : of 29 October 1975 laying down general rules for granting export refunds on cereals and criteria for fixing the — in the case of currencies which are maintained in rela­ amount of such refunds (3), tion to each other at any given moment within a band of 2,25 % , a rate of exchange based on their central rate, multiplied by the corrective factor provided for in Having regard to the opinion of the Monetary Committee, the last paragraph of Article 3 (1 ) of Council Regula­ tion (EEC) No 1676/85Q. Whereas Article 16 (4) of Regulation (EEC) No 2727/75 — for other currencies, an exchange rate based on the provides that the export refund applicable to cereals on arithmetic mean of the spot market rates of each of the day on which application for an export licence is these currencies recorded over a given period in rela­ made, adjusted for the threshold price in force during the tion to the Community currencies referred to in the month of exportation, must be applied on request to preceding indent, and the aforesaid coefficient ; exports to be effected during the period of validity of the export licence ; whereas, in this case, a corrective amount Whereas it follows from applying the provisions set out must be applied to the refund ; above that the corrective amount must be as set out in the Annex hereto ; Whereas Council Regulation (EEC) No 2744/75 of 29 October 1975 on the import and export system for Whereas the measures provided for in this Regulation are products processed from cereals and from rice (4), as last in accordance with the opinion of the Management amended by Regulation (EEC) No 1588/86 0, made Committee for Cereals, possible the fixing of a corrective amount for certain products listed in Article 1 (d) of Regulation (EEC) No 2727/75 ;

HAS ADOPTED THIS REGULATION : Whereas Regulation Commission (EEC) No 1281 /75 0 laid down detailed rules for the advance fixing of export refunds for cereals and certain products processed from Article 1 cereals ;

The corrective amount referred to in Article 16 (4) of Whereas, pursuant to that Regulation, when the corrective Regulation (EEC) No 2727/75 which is applicable to amount is being fixed in respect of malt, account must be export refunds fixed in advance in respect of malt shall be taken of the existing situation and the future trend with as set out in the Annex hereto. regard to the possibilities and conditions for the sale of the cereals concerned and of malt on the world market ;

Article 2 (■) OJ No L 281 , 1 . 11 . 1975, p. 1 . 0 OJ No L 139, 24. 5. 1986, p. 29. 0 OJ No L 281 , 1 . 11 . 1975, p. 78 . This Regulation shall enter into force on 1 April 1987. (4) OJ No L 281 , 1 . 11 . 1975, p. 65. 0 OJ No L 139, 24. 5. 1986, p. 47. («) OJ No L 131 , 22. 5. 1975, p. 15. 0 OJ No L 164, 24. 6. 1985, p. 1 .

No L 85/24 Official Journal of the European Communities 28 . 3 . 87

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

Done at Brussels, 27 March 1987.

For the Commission Frans ANDRIESSEN Vice-President

ANNEX

to the Commission Regulation of 27 March 1987 fixing the corrective amount applicable to the refund on malt

(ECU/tonne) Current 1st period 2nd period 3rd period 4th period 5th period CCT heading No 4 5 6 7 8 9

11.07 A I a) 0 0 0 0 0 0 11.07 A I b) 0 0 0 0 0 0 11.07 A II a) 0 0 0 0 0 0 11.07 A II b) 0 0 0 0 0 0 11.07 B 0 0 0 0 0 0

(ECU/tonne) 6th period 7th period 8 th period 9th period 10th period 11th period CCT heading No 1 3 10 11 12 2

0 0 0 0 0 0 11.07 A I a) 0 0 0 0 0 0 11.07 A I b) 0 0 0 0 0 0 11.07 A II a) 0 0 0 0 0 0 11.07 A II b) 11.07 B 0 0 0 0 0 0