NoL110/46EN OfficialJournaloftheEuropeanCommunities 26.4.97
COMMISSION REGULATION (EC)No759/97
of25April1997
fixingtheagricultural conversion rates
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,
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No575/97(3);
Whereas Article4ofRegulation (EEC)No3813/92
providesthat,subjecttoconfirmation periodsbeingtrig­
gered,theagricultural conversion rateforacurrencyisto
beadjustedwherethemonetarygapbetweenitandthe
representative marketrateexceedscertainlevels;
Whereastherepresentative marketratesaredetermined
onthebasisofbasicreferenceperiodsor,whereapplic­
able,confirmation periods,established inaccordance with
Article2ofCommission Regulation (EEC)No1068/93of
30April1993ondetailedrulesfordetermining and
applyingtheagricultural conversion rates(4),aslast
amended byRegulation (EC)No1482/960;whereas
paragraph 2ofthatArticleprovidesthat,incaseswhere
theabsolutevalueofthedifference betweenthemonetary
gapsintwoMemberStates,calculated fromtheaverageof
theecuratesforthreeconsecutive quotation days,exceeds
sixpoints,therepresentative marketratesaretobe
adjustedonthebasisofthethreequotation daysinques­
tion;
Whereas ,asaconsequence oftheexchangeratesrecorded
from16to25April1997,itisnecessarytofixanewagri­
culturalconversion ratefortheBelgianfranc,theGerman
mark,theDutchguilderandtheAustrianschilling ;WhereasArticle15(2)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceistobeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeofthe
operative eventapplicable fortheamountconcerned
exceedsfourpoints;whereas ,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagricultural conversion ratefixedinadvance
shouldbespecified ,
HASADOPTED THISREGULATION :
Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.
Article 2
InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance ,
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EC)No575/97isherebyrepealed .
Article4
ThisRegulation shallenterintoforceon26April1997.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,25April1997.
FortheCommission
FranzFISCHLER
MemberoftheCommission
')OJNoL387,31.12.1992,p.1.
2)OJNoL22,31.1.1995,p.1.
3)OJNoL86,28.3.1997,p.1.
4)OJNoL108,1.5.1993,p.106.
5OJNoL188,27.7.1996,p.22.

26.4.97 EN OfficialJournaloftheEuropean Communities NoL110/47
ANNEX I
Agricultural conversion rates
ECU 1=40,4180
7,49997
1,95903
311,761
198,202
6,61023
6,02811
2,20270
0,756658
1973,93
13,7880
165,571
8,83274
0,742320Belgianand
Luxembourg francs
Danishkroner
German marks
Greekdrachmas
Portuguese escudos
Frenchfrancs
Finnishmarks
Dutchguilders
Irishpunt
Italianlire
Austrianschillings
Spanishpesetas
Swedish kroner
Poundsterling
ANNEX II
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=38,8635 Belgianand ECU1=42,1021 Belgianand
Luxembourg francs Luxembourg francs
7,21151 Danishkroner 7,81247 Danishkroner
1,88368 German marks 2,04066 German marks
299,770 Greekdrachmas 324,751 Greekdrachmas
190,579 Portuguese escudos 206,460 Portuguese escudos
6,35599 Frenchfrancs 6,88566 Frenchfrancs
5,79626 Finnishmarks 6,27928 Finnishmarks
2,11798 Dutchguilders 2,29448 Dutchguilders
0,727556 Irishpunt 0,788185 Irishpunt
1898,01 Italianlire 2056,18 Italianlire
13,2577 Austrianschillings 14,3625 Austrianschillings
159,203 Spanishpesetas 172,470 Spanishpesetas
8,49302 Swedish kroner9,20077 Swedishkroner
0,713769 Poundsterling 0,773250 Poundsterling