NoL183/10EN OfficialJournaloftheEuropeanCommunities 11.7.97
COMMISSION REGULATION (EC)No1335/97
of10July1997
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)No1012/97(*);
WhereasArticle4ofRegulation (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
amendedbyRegulation (EC)No1482/96(^jwhereas
paragraph 2ofthatArticleprovidesthat,incaseswhere
theabsolutevalueofthedifference betweenthemonetary
gapsintwoMemberStates,calculatedfromtheaverageof
theecuratesforthreeconsecutive quotation days,exceeds
sixpoints,therepresentative marketratesaretobe
adjustedonthebasisofthethreequotation daysin
question ;
Whereas ,asaconsequence oftheexchangeratesrecorded
from1Julyto10July1997,itisnecessarytofixanew
agricultural conversion ratefortheBelgianorLuxem­bourgfranc,theDanishkrone,theGermanmark,the
Portuguese escudo,theFrenchfranc,theDutchgilder,
theAustrianschillingandtheSpanishpeseta;
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 .
Article2
InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance ,
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EC)No1012/97isherebyrepealed .
Article4
ThisRegulation shallenterintoforceon11July1997.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,10July1997.
FortheCommission
FranzFISCHLER
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL22,31.1-1995,p.1.
(3)OJNoL145,5.6.1997,p.25.
(«)OJNoL108,1.5.1993,p.106.
(<)OJNoL188,27.7.1996,p.22.

11.7.97 IENI OfficialJournaloftheEuropeanCommunities NoL183/11
ANNEXI
Agricultural conversion rates
ECU1=40,7357 Belgianand
Luxembourg francs
7,51757 Danishkroner
1,97407 German marks
312,011 Greekdrachmas
199,234 Portuguese escudos
6,65716 Frenchfrancs
6,02811 Finnishmarks
2,22212 Dutchguilders
0,759189Irishpunt
1973,93 Italianlire
13,8905 Austrianschillings
166,718 Spanishpesetas
8,88562 Swedish kroner
0,720829 Poundsterling
ANNEX II
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=39,1689 Belgianand ECU1=42,4330 Belgianand
Luxembourg francs Luxembourg francs
7,22843 Danishkroner 7,83080 Danishkroner
1,89814 German marks 2,05632 German marks
300,011 Greekdrachmas 325,011 Greekdrachmas
191,571 Portuguese escudos 207,535 Portuguese escudos
6,40112 Frenchfrancs 6,93454 Frenchfrancs
5,79626 Finnishmarks 6,27928 Finnishmarks
2,13665 Dutchguilders 2,31471 Dutchguilders
0,729989 Irishpunt 0,790822 Irishpunt
1898,01 Italianlire 2056,18 Italianlire
13,3563 Austrianschillings 14,4693 Austrianschillings
160,306 Spanishpesetas 173,665 Spanishpesetas
8,54387 Swedish kroner 9,25585 Swedish kroner
0,693105 Poundsterling 0,750864 Poundsterling