4.3.95 EN OfficialJournaloftheEuropean Communities NoL49/53
COMMISSION REGULATION (EC)No492/95
of3March1995
fixingtheagricultural conversion rates
days,exceedssixpoints,therepresentative marketrates
aretobeadjustedonthebasisofthethreequotationdays
inquestion ;
Whereas ,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiod24Februaryto5March1995,
itisnecessarytofixanewagricultural conversion ratefor
theItalianlira,theGreekdrachma,theSpanishpeseta,
theSwedishkronaandthepoundsterling;
WhereasArticle15(2)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceistobeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeofthe
operativeeventapplicable fortheamountconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagricultural conversion ratefixedinadvance
shouldbespecified,THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Community ,
HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy('),aslastamendedbyRegu­
lation(EC)No150/95(2),andinparticularArticle3(1)
thereof,
HavingregardtoCommission Regulation (EC)No158/95
of31January1995layingdowntransitional measuresfor
theabolitionofthecorrecting factorapplicable tothe
conversion ratesusedintheagricultural sector(3),andin
particular Article2(2)thereof,
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No382/95(4);
WhereasArticle4ofRegulation (EEC)No3813/92
providesthat,subjecttoconfirmation periodsbeingtrig­
gered,theagricultural conversion rateforacurrencyisto
beadjustedwherethemonetarygapbetweenitandthe
representative marketrateexceedscertainlevels;
Whereasthepositivemonetary gaprecordedforthe
Belgianfrancduringthereference periodfrom24
Februaryto5March1995isgreaterthanfivepoints;
whereasapplyingArticle4(1),(2)and(3)ofRegulation
(EEC)No3813/92wouldresultinaconsiderable reduc­
tionintheagricultural conversion rateforthecurrencyin
question ;whereas,therefore,Article4(5)ofRegulation
(EEC)No3813/92appliesinthecaseoftheBelgian
franc;
Whereastherepresentative marketratesaredetermined
onthebasisofbasicreferenceperiodsor,whereappli­
cable,confirmation periods,established inaccordance
withArticle2ofCommission Regulation (EEC)No
1068/93of30April1993ondetailedrulesfordeter­
miningandapplyingtheagricultural conversion rates0,
aslastamended byRegulation (EC)No157/95(6);
whereasparagraph 2ofthatArticleprovidesthat,incases
wheretheabsolute valueofthedifference betweenthe
monetarygapsintwoMemberStates,calculated fromthe
averageoftheecuratesforthreeconsecutive quotationHASADOPTED THISREGULATION :
Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.
Article2
1.InthecasereferredtoinArticle 15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
2.However,inthecaseofagricultural conversion rates
fixedinadvancebefore1February1995,theecurates
listedinAnnexIIshallbereplacedbythosesetoutin
AnnexIII.
Article3
Regulation (EC)No382/95isherebyrepealed .
Article4
ThisRegulation shallenterintoforceon6March1995.(')OJNoL387,31.12.1992,p.1.
OOJNoL22,31.1.1995,p.1.
(3)OJNoL24,1.2.1995,p.4.
(4)OJNoL42,24.2.1995,p.23.
OOJNoL108,1.5.1993,p.106.
OOJNoL24,1.2.1995,p.1.

NoL49/54HenI 4.3.95 OfficialJournaloftheEuropeanCommunities
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,3March1995.
FortheCommission
FranzFISCHLER
MemberoftheCommission
ANNEXI
Agricultural conversion rates
ECU1=40,8337
7,74166
1,94962
298,323
198,202
6,61023
5,88000
2,19672
0,809785
2122,73
13,7190
164,774
9,40716
0,807419Belgianand
Luxembourg francs
Danishkroner
German marks
Greekdrachmas
Portuguese escudos
Frenchfrancs
Finnishmarks
Dutchguilders
Irishpunt
Italianlire
Austrianschillings
Spanishpesetas
Swedishkroner
Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=39,2632 Belgianand ECU1=42,5351 Belgianand
Luxembourg francs Luxembourg francs
7,44390 Danishkroner 8,06423 Danishkroner
1,87463 Germanmarks 2,03085 German marks
286,849 Greekdrachmas 310,753 Greekdrachmas
190,579 Portuguese escudos 206,460 Portuguese escudos
6,35599 Frenchfrancs 6,88566 Frenchfrancs
5,65385 Finnishmarks 6,12500 Finnishmarks
2,11223Dutchguilders 2,28825 Dutchguilders
0,778639 Irishpunt 0,843526 Irishpunt
2041,09 Italianlire 2211,18 Italianlire
13,1913 Austrianschillings 14,2906 Austrianschillings
158,437 Spanishpesetas 171,640 Spanishpesetas
9,04535 Swedishkroner 9,79913 Swedishkroner
0,776364 Poundsterling 0,841061 Poundsterling

4.3.95 [EN OfficialJournaloftheEuropeanCommunitiesNoL49/55
ANNEXIII
Agricultural conversion ratesfixedinadvanceandadjustedwheretheywerefixedinadvance
before 1February 1995
TableA TableB
ECU1=47,4107 Belgianand ECU1=51,3615 Belgianand
Luxembourg francs Luxembourg francs
8,98858 Danishkroner 9,73763 Danishkroner
2,26363 German marks 2,45227 Germanmarks
346,373 Greekdrachmas 375,237 Greekdrachmas
230,126 Portuguese escudos 249,302 Portuguese escudos
7,67492 Frenchfrancs 8,31450 Frenchfrancs
6,82707 Finnishmarks 7,39599 Finnishmarks
2,55054 Dutchguilders 2,76308 Dutchguilders
0,940214 Irishpunt 1,01857 Irishpunt
2464,63 Italianlire 2670,02 Italianlire
15,9286 Austrianschillings 17,2560 Austrianschillings
191,314 Spanishpesetas 207,257 Spanishpesetas
10,9223 Swedishkroner 11,8325 Swedishkroner
0,937467 Poundsterling 1,01559 Poundsterling