EN Official Journal of the European Communities 21. 7. 98 L 203/12
COMMISSION REGULATION (EC) No 1567/98
of 20 July 1998
fixing, for the 1997/98 marketing year, the specific agricultural conversion rate
applicable to the minimum sugarbeet prices and the production levy and addi-
tional levy in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the EuropeanCommunity,
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 (
1), as last amended by Regulation (EC) No
59/97 (2), and in particular Article 1 (3) thereof,
Whereas Article 1 (1) of Regulation (EEC) No 1713/93
specifies that the minimum sugarbeet prices referred to inArticle 5 of Council Regulation (EEC) No 1785/81 of 30June 1981 on the common organization of the market inthe sugar sector (
3), as last amended by Regulation (EC)
No 1148/98 (4), and the production levy and additional
levy referred to, respectively, in Articles 28 and 28a of thatRegulation shall be converted into national currencyusing a specific agricultural conversion rate equal to theaverage, calculated pro rata temporis, of the agriculturalconversion rates applicable during the marketing year inquestion; whereas that specific agricultural conversion ratemust be fixed during the month following the end of themarketing year in question;Whereas the application of these provisions results in the
fixing, for the 1997/98 marketing year, of the specificagricultural conversion rate for the conversion ofminimum sugarbeet prices as well as the production levyand, where appropriate, additional levy into the variousnational currencies, as set out in the Annex to this Regu-lation,
HAS ADOPTED THIS REGULATION:
Article 1
The specific agricultural conversion rate to be used for
conversion of the minimum sugarbeet prices referred toin Article 5 of Regulation (EEC) No 1785/81 and theproduction levy and, where appropriate, additional levyreferred to, respectively, in Articles 28 and 28a of thatRegulation, into each of the national currencies, shall befixed, for the 1997/98 marketing year, as set out in theAnnex hereto.
Article 2
This Regulation shall enter into force on 21 July 1998.It shall apply from 1 July 1997.
This Regulation shall be binding in its entirety and directly applicable in all Member
States.
Done at Brussels, 20 July 1998.
For the Commission
Franz FISCHLER
Member of the Commission
(1) OJ L 159, 1. 7. 1993, p. 94.
(2) OJ L 14, 17. 1. 1997, p. 25.
(3) OJ L 177, 1. 7. 1981, p. 4.
(4) OJ L 159, 3. 6. 1998, p. 38.
EN Official Journal of the European Communities 21. 7. 98 L 203/13
ANNEX
to the Commission Regulation of 20 July 1998 fixing, for the 1997/1998 marketing year, the
specific agricultural conversion rate applicable to the minimum sugarbeet prices and the
production levies and the additional levy in the sugar sector
Agricultural conversion rates
ECU 1 = 40,9112 Belgian and Luxembourg francs
7,55003 Danish kroner1,98185 German marks
322,674 Greek drachmas167,415 Spanish pesetas
6,68473 French francs0,775692 Irish pound
1 973,93 Italian lire
2,23232 Dutch guilders
13,9442 Austrian schillings
201,304 Portuguese escudos
6,02811 Finnish marks8,77482 Swedish kroner
0,696270 Pound sterling