432 Official Journal of the European Communities No L 222/6 Official Journal of the European Communities 10.9.68 REGULATION (EEC) No 1397/68 OF THE COMMISSION of 6 September 1968 A amending Regulation No 474/67/EEC on the advance fixing of the export refund on rice and broken rice THE COMMISSION OF THE EUROPEAN COM- MUNITIES, Having regard to the Treaty estabhshmg the European Economic Community; Having regard to Council Regulation No-359/67/ EEC! of 28 July 1967 on the common organisation of the market in rice, and in particular Article 17 (6) thereof; Whereas, in accordance with Article 17 (4) of Regu- lation No 359/67/EEC, the refund applicable on the day on which the application -for an export licence is made may be applied to an export made during the period of validity of the licence and whereas, in that case, a corrective amount is applied to the refund; whereas, in accordance with Article 1 of Commission Regulation No 474/67/EEC? of 21 Au- gust 1967 on the advance fixing of the export refund on rice and broken rice, the corrective amount is equal to the difference between the c.if. price and c.i.f. forward delivery price; Whereas, while export licences for rice and broken rice are valid until the end of the fifth month follow- ing that of issue, a truly representative market seldom exists for such products other than on the shortest term or terms; whereas it should therefore be possible to fix a corrective amount lower than the difference referred to above; . Whereas it is consequently necessafy to amend Regulation No 474/67/EEC; Whereas the measures provided for in this Regulation are in accordance with the Opinion of the Manage- ment Committee for Cereals; HAS ADOPTED THIS REGULATION: Article 1 :I’he following shall be substituted for the first two subparagraphs of Artlcle 1 of Regulation No 474/67/ FEC: “Where the export refund on rice and broken rice referred to in the first subparagraph of Article 17 (4) of Regulation No 359/67/EEC is fixed in advance, the .refund shall be that which is applicable to an export on the day on" which the licence is applied for; — reduced by not more than the difference between the c.i.f. forward delivery price and the c.i.f. price when the former exceeds the latter by more than 0025 units of account per 100 kilogrammes; ~— increased by not more than ‘the difference - between the c.if price and the c.i.f. forward delivery price when the former exceeds the latter by more than 0-025 units of account per 100 kilogrammes In the intervals between weekly f)xmgs the amount of the refund applicable in the case of advance fixing shall be adjusted only when application of the above-mentioned provision would lead to its amount being altered by more than 0025 units of account per 100 kilogrammes.’ Article 2 4 This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities. This Regulanon shall be binding in its entirety and directly apphcable in all Member States. Done.at Brussels, 6 Septe;nber 1968. 1 OJ No 174, 31.7.1967, p. 1. 2 O] No 204, 24.8.1967, p. 20. For the Commission The Vice-President F. HELLWIG