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( 1 ) OJ N 172 , 30 . 9 . 1966 , P . 3025/66 .

( 2 ) OJ N L 314 , 31 . 12 . 1968 , P . 1 .

( 3 ) OJ N 197 , 29 . 10 . 1966 , P . 3393/66 .

( 4 ) OJ N 130 , 28 . 6 . 1967 , P . 2600/67 .

( 5 ) OJ N L 177 , 24 . 7 . 1968 , P . 1 .

REGULATION ( EEC ) N 18/69 OF THE COUNCIL

OF 20 DECEMBER 1968

SUPPLEMENTING REGULATION N 171/67/EEC BY PROVISIONS CONCERNING THE ADVANCE FIXING OF THE EXPORT REFUND ON OLIVE OIL

THE COUNCIL OF THE EUROPEAN COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ;

HAVING REGARD TO COUNCIL REGULATION N 136/66/EEC ( 1 ) OF 22 SEPTEMBER 1966 ON THE ESTABLISHMENT OF A COMMON ORGANISATION OF THE MARKET IN OILS AND FATS , AS AMENDED BY REGULATION ( EEC ) N 2146/68 ( 2 ) , AND IN PARTICULAR ARTICLE 18 ( 2 ) THEREOF ;

HAVING REGARD TO COUNCIL REGULATION N 162/66/EEC ( 3 ) OF 27 OCTOBER 1966 ON TRADE IN OILS AND FATS BETWEEN THE COMMUNITY AND GREECE , AND IN PARTICULAR ARTICLE 8 THEREOF ;

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ;

WHEREAS ARTICLE 18 OF REGULATION N 136/66/EEC PROVIDES FOR THE POSSIBILITY OF THE EXPORT REFUND ON OLIVE OIL BEING FIXED IN ADVANCE ; WHEREAS IT IS THEREFORE NECESSARY TO SUPPLEMENT IN THIS RESPECT COUNCIL REGULATION N 171/67/EEC ( 4 ) OF 27 JUNE 1967 ON EXPORT REFUNDS AND LEVIES ON OLIVE OIL , AS AMENDED BY REGULATION ( EEC ) N 1031/68 ( 5 ) ;

WHEREAS , IN VIEW OF NORMAL TRADE PRACTICE ON THE WORLD MARKET , THE PERIOD OF ADVANCE FIXING MUST BE SO FIXED AS TO ALLOW EXPORT CONTRACTS TO BE FULFILLED ;

WHEREAS , TO ALLOW TRANSACTIONS TO BE EFFECTED AT THE BEGINNING OF A NEW MARKETING YEAR , IT WOULD BE ADVISABLE TO PROVIDE FOR THE POSSIBILITY OF THE REFUND PREVIOUSLY APPLICABLE BEING RETAINED FOR A LIMITED PERIOD ;

WHEREAS , TO ALLOW THE NUMBER OF APPLICATIONS FOR ADVANCE FIXING TO BE ASSESSED AS A PRELIMINARY TO THE POSSIBLE INTODRUCTION OF PROTECTIVE MEASURES , PROVISION SHOULD BE MADE FOR AN INTERVAL BETWEEN THE LODGING OF THE APPLICATION FOR ADVANCE FIXING AND ITS APPROVAL ;

WHEREAS , TO PREVENT SPECULATION , PROVISION SHOULD BE MADE FOR THE LODGING OF A DEPOSIT GUARANTEEING THAT EXPORTATION IS EFFECTED WITHIN THE PERIOD OF THE ADVANCE FIXING ;

HAS ADOPTED THIS REGULATION :

ARTICLE 1

THE FOLLOWING ARTICLE 7A SHALL BE ADDED TO REGULATION N 171/67/EEC :

" ARTICLE 7A

1 . THE AMOUNT OF THE REFUND APPLICABLE SHALL BE THAT IN FORCE ON THE DAY OF EXPORTATION .

2 . HOWEVER , SUBJECT TO THE PROVISIONS OF PARAGRAPH 3 , THE REFUND APPLICABLE ON THE DAY ON WHICH THE APPLICATION FOR THE EXPORT LICENCE IS LODGED , ADJUSTED ON THE BASIS OF THE THRESHOLD PRICE VALID ON THE DAY OF EXPORTATION , SHALL BE APPLIED , IF THE PARTY CONCERNED SO REQUESTS WHEN APPLYING FOR THE LICENCE , TO EXPORTS EFFECTED NOT LATER THAN THE END OF THE SECOND MONTH FOLLOWING THE MONTH IN WHICH THE APPLICATION WAS LODGED . WITHOUT PREJUDICE TO THE APPLICATION OF ARTICLE 20 OF REGULATION N 136/66/EEC AND ARTICLE 6 OF REGULATION N 162/66/EEC , THE APPLICATION FOR ADVANCE FIXING OF THE REFUND SHALL BE APPROVED WHEN THREE WORKING DAYS HAVE ELAPSED SINCE THE APPLICATION WAS LODGED .

3 . A DECISION MAY BE TAKEN , IN ACCORDANCE WITH THE PROCEDURE LAID DOWN IN ARTICLE 38 OF REGULATION N 136/66/EEC , TO ADJUST THE REFUND FIXED IN ADVANCE FOR EXPORTS EFFECTED DURING THE FIRST MONTH OF THE MARKETING YEAR FOLLOWING THE YEAR IN WHICH THE APPLICATION FOR ADVANCE FIXING WAS LODGED ON THE BASIS OF THE THRESHOLD PRICE VALID FOR THE LAST MONTH OF THE LATTER MARKETING YEAR . "

ARTICLE 2

THE FOLLOWING ARTICLE 7B SHALL BE ADDED TO REGULATION N 171/67/EEC :

" ARTICLE 7B

THE APPLICATION FOR THE ADVANCE FIXING OF THE REFUND SHALL BE ACCOMPANIED BY A DEPOSIT WHICH , EXCEPT IN CASES OF FORCE MAJEURE , SHALL BE FORFEITED IN WHOLE OR IN PART IF EXPORTATION IS NOT EFFECTED WITHIN THE PERIOD SPECIFIED IN ARTICLE 7 ( A ) ( 2 ) . "

ARTICLE 3

THIS REGULATION SHALL ENTER INTO FORCE ON THE THIRD DAY FOLLOWING ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

IT SHALL APPLY UNTIL THE END OF THE 1968/69 MARKETING YEAR .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 20 DECEMBER 1968 .

FOR THE COUNCIL

THE PRESIDENT

V . LATTANZIO