3.2.93 OfficialJournaloftheEuropean Communities NoL26/13
COMMISSION REGULATION (EEC)No219/93
of2February 1993
fixingtheagricultural conversion ratesandotherconsequences ofthecurrency
realignment of30January1993andamending Regulation (EEC)No204/93
andtheagricultural conversion rateinforceatthetimeof
theoperativeeventfortheamountconcerned exceeds
fourpoints;whereasinthiscasetheagricultural conver­
sionratefixedinadvanceistobeadjustedtobringit
morecloselyintolinewiththerateinforce,uptothe
levelofagapoffourpointswiththatrate;whereasthe
ratewhichreplacestheagricultural conversion ratefixed
inadvanceshouldbespecified ;
WhereasthebasicreferenceperiodreferredtoinArticle2
(1)ofRegulation (EEC)No3819/92shouldbeadjustedto
takeaccountofthefixingofagricultural conversion rates
followingthecurrencyrealignment of30January1993;
WhereasCommission Regulation (EEC)No204/93(4)
suspendsthefixinginadvanceoftheagricultural conve­
resionratefortheIrishpuntforapplications submitted
from1to3February1993;whereasthisfixingin
advancemaybereintroduced onthebasisoftheagricul­
turalconversion rateslaiddowninthisRegulation ;
WhereasthemeasuresprovidedforinthisRegulation are
inaccordance withtheopinionoftheManagement
Committees concerned ,THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy('),andinparticularArticle 1
(c)and(d),Article3(1)andArticle12thereof,
WhereasthesecondindentofArticle 1(c)ofRegulation
(EEC)No3813/92providesthatthecorrecting factoristo
bealteredwheneverrealignment takesplacewithinthe
EuropeanMonetarySystem,inlinewiththehighestreva­
luationofthecentralrateofthefixedcurrencies against
theecu;whereas,inrespectoftherealignment of
30January1993,thealterationofthecorrecting factoris
basedonarevaluation of0,87%;
Whereastheagricultural conversion rateshavebeenlaid
downbyCommission Regulation (EEC)No182/93(2);
WhereaspursuanttoArtricle4(2)ofRegulation (EEC)
No3813/92,itisnecessary toadjustimmediately the
agricultural conversion ratefortheIrishpuntforwhich
thecurrencyrealignment of30January1993entailsa
monetarygapgreaterthanfourpoints,andtoallowonlya
gaplessthanorequaltotwopointstocontinuetoexist;
whereasthatparagraph providesthat,intheeventof
currencyrealignment ,theagricultural conversion ratefor
afloatingcurrencyistobeadjustedwherethemonetary
gapinrelationtotherepresentative marketrateforthe
lastreferenceperiodexceedstwopoints;whereas,inthat
case,thenewagricultural conversion rateistobefixedso
astoreducethatmonetarygapbyhalf;
Whereas,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiodfrom1to2February1993,it
isnecessarytofixanewagricultural conversion ratefor
theItalianliraandthepoundsterling;
WhereasArticle 11(2)ofCommission Regulation (EEC)
No3819/92of28December 1992ondetailedrulesfor
determining andapplyingtheagricultural conversion
rates(3)providesthatanagricultural conversion ratefixed
inadvanceistobeadjustedifthegapbetweenthatrateHASADOPTED THISREGULATION :
Article 1
ThecorrectingfactorreferredtoinArticle1(c)ofRegula­
tion(EEC)No3813/92isherebyfixedat1,205454 .
Article2
Theagricultural conversion ratesarefixedinAnnexI.
Article3
InthecasereferredtoinArticle11(2)ofRegulation
(EEC)No3819/92,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,listedinAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
(')OJNoL387,31.12.1992,p.1.
2)OJNoL22,30.1.1993,p.56.
(3)OJNoL387,31.12.1992,p.17. OOJNoL24,1.2.1993,p.1.

3.2.93 NoL26/14 OfficialJournaloftheEuropeanCommunities
Article4
ThebasicreferenceperiodreferredtoinArticle2(1)of
Regulation (EEC)No3819/92,expiringon10February
1993,shallcommence on3February1993.
Article 5
'1to3February1993'inArticle 1ofRegulation (EEC)
No204/93isreplacedby'1to2February1993',Article6
Regulation (EEC)No182/93isherebyrepealed.
Article7
ThisRegulation shallenterintoforceon3February1993.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,2February 1993.
FortheCommission
ReneSTEICHEN
MemberoftheCommission

3.2.93 OfficialJournaloftheEuropeanCommunities NoL26/15
ANNEXI
Agricultural conversion rates
ECU1-48,5563
8,97989
2,35418
310,351
166,075
7,89563
0,957268
2156,72
2,65256
209,523
0,968391Belgianand
Luxembourg francs
Danishkroner
German marks
Greekdrachmas
Spanishpesetas
Frenchfrancs
Irishpunt
Italianlire
Dutchguilders
Portuguese escudos
Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1—46,6888 Belgianand ECU1=50,5795 Belgianand
Luxembourg francs Luxembourg francs
8,63451 Danishkroner 9,35405 Danishkroner
2,26363 Germanmarks 2,45227 Germanmarks
298,414 Greekdrachmas 323,282 Greekdrachmas
159,688 Spanishpesetas 172,995 Spanishpesetas
7,59195 Frenchfrancs 8,22461 Frenchfrancs
0,920450 Irishpunt 0,997154 Irishpunt
2073,77 Italianlire 2246,58 Italianlire
2,55054 Dutchguilders 2,76308 Dutchguilders
201,464 Portuguese escudos 218,253 Portuguese escudos
0,931145Poundsterling 1,00874 Poundsterling