EN Official Journal of the European Communities 2. 12. 98 L 324/18
COMMISSION REGULATION (EC) No 2587/98
of 1 December 1998
fixing, for November 1998, the specific agricultural conversion rate for the
amount of the reimbursement of storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the EuropeanCommunity,
Having regard to Council Regulation (EEC) No 1785/81
of 30 June 1981 on the common organisation of themarkets in the sugar sector (
1), as last amended by Regula-
tion (EC) No 1148/98 (2),
Having regard to Council Regulation (EEC) No 3813/92
of 28 December 1992 on the unit of account and theconversion rates to be applied for the purposes of thecommon agricultural policy (
3), as last amended by Regu-
lation (EC) No 150/95 (4),
Having regard to Commission Regulation (EEC) No
1713/93 of 30 June 1993 establishing special detailedrules for applying the agricultural conversion rate in thesugar sector (
5), as last amended by Regulation (EC) No
59/97 (6), and in particular Article 1(3) thereof,
Whereas Article 1(2) of Regulation (EEC) No 1713/93
provides that the amount of the reimbursement of storagecosts referred to in Article 8 of Regulation (EEC) No1785/81 is to be converted into national currency using aspecific agricultural conversion rate equal to the average,calculated pro rata temporis, of the agricultural conver-sion rates applicable during the month of storage; whereas
that specific rate must be fixed each month for theprevious month;
Whereas application of these provisions will lead to the
fixing, for November 1998, of the specific agriculturalconversion rate for the amount of the reimbursement ofstorage costs in the various national currencies as indi-cated in the Annex to this Regulation,
HAS ADOPTED THIS REGULATION:
Article 1
The specific agricultural conversion rate to be used to
convert the amount of the reimbursement of storage costsreferred to in Article 8 of Regulation (EEC) No 1785/81into each of the national currencies for November 1998shall be as indicated in the Annex hereto.
Article 2
This Regulation shall enter into force on 2 December
1998.
It shall apply with effect from 1 November 1998.
This Regulation shall be binding in its entirety and directly applicable in all Member
States.
Done at Brussels, 1 December 1998.
For the Commission
Franz FISCHLER
Member of the Commission
(1) OJ L 177, 1. 7. 1981, p. 4.
(2) OJ L 159, 3. 6. 1998, p. 38.
(3) OJ L 387, 31. 12. 1992, p. 1.
(4) OJ L 22, 31. 1. 1995, p. 1.
(5) OJ L 159, 1. 7. 1993, p. 94.
(6) OJ L 14, 17. 1. 1997, p. 25.
EN Official Journal of the European Communities 2. 12. 98 L 324/19
ANNEX
to the Commission Regulation of 1 December 1998 fixing, for November 1998, the specific
agricultural conversion rate for the amount of the reimbursement of storage costs in the
sugar sector
Agricultural conversion rates
ECU 1 = 40,9321 Belgian and Luxembourg francs
7,56225 Danish kroner1,98391 German marks
338,319 Greek drachmas168,336 Spanish pesetas
6,68769 French francs0,796521 Irish pound
1 973,93 Italian lire
2,23593 Dutch guilders
13,9576 Austrian schillings
203,183 Portuguese escudos
6,02811 Finnish marks9,35538 Swedish kroner
0,698159 Pound sterling