EN Official Journal of the European Communities 26. 9. 98 L 263/20
COMMISSION REGULATION (EC) No 2045/98
of 25 September 1998
correcting Regulation (EC) No 777/98 fixing, for March 1998, the specific agricul-
tural 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
Commission Regulation (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; whereasthat specific rate must be fixed each month for theprevious month;Whereas Commission Regulation (EC) No 777/98 (
7) fixes
the specific agricultural conversion rate for the amount ofthe reimbursement of storage costs in the sugar sector forMarch 1998;
Whereas it has been found that there is an error in the
special agricultural conversion rates for the Greekdrachma, the Portuguese escudo and the Spanish pesetalisted in the Annex to that Regulation; whereas the Regu-lation in question should therefore be corrected;
Whereas application of these provisions will lead to the
fixing, for March 1998, of the specific agricultural conver-sion rate for the amount of the reimbursement of storagecosts for the various national currencies as indicated inthe Annex to this Regulation,
HAS ADOPTED THIS REGULATION:
Article 1
The Annex to Regulation (EC) No 777/98 is hereby
replaced by the Annex to this Regulation.
Article 2
This Regulation shall enter into force on 26 September
1998.
It shall apply with effect from 1 March 1998.
This Regulation shall be binding in its entirety and directly applicable in all Member
States.
Done at Brussels, 25 September 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. (7) OJ L 111, 9. 4. 1998, p. 70.
EN Official Journal of the European Communities 26. 9. 98 L 263/21
ANNEX
‘ANNEX
to the Commission Regulation of 8 April 1998 fixing, for March 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
7,54999 Danish kroner1,98243 German marks
326,917 Greek drachmas167,557 Spanish pesetas
6,68769 French francs0,795837 Irish pound
1 973,93 Italian lire
2,23276 Dutch guilders
13,9485 Austrian schillings
202,325 Portuguese escudos
6,02811 Finnish marks8,79309 Swedish kroner
0,695735 Pound sterling'