Article 1

Article 4(2) and (3) of Regulation (EEC) No 2692/89 are hereby replaced by the following:

‘2.

Where the validity of the subsidy document referred to in Article 13 extends beyond the end of the marketing year and where export takes place during the following marketing year, the amount of the subsidy resulting from the procedure provided for in Article 9 shall be adjusted where necessary by subtracting the difference between the intervention price for paddy rice in the previous and the new marketing year, exclusive of any monthly increase.

3.

The adjustment provided for in paragraph 2 shall take account of the conversion rates specified in Article 1 of Regulation No 467/67/EEC. If the amount of the subsidy resulting from this adjustment is below zero, that amount shall be raised to zero.’