NoL145/84TEN1 OfficialJournaloftheEuropeanCommunities 29.6.95
COMMISSION REGULATION (EC)No1492/95
of28June1995
fixingtheagricultural conversion rates
theagricultural conversion rateinforceatthetimeofthe
operativeeventapplicable fortheamountconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagricultural conversion ratefixedinadvance
shouldbespecified ;
WhereasthemeasuresprovidedforinthisRegulation are
inaccordance withtheopinionoftheManagement
Committee concerned ,
HASADOPTED THISREGULATION :
Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Community ,
HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy(<),aslastamendedbyRegu­
lation(EC)No150/95(2),andinparticularArticle3(2)
and12thereof,
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No1417/95(3);
WhereasArticle4ofRegulation (EEC)No3813/92
providesthat,subjecttoconfirmation periodsbeingtrig­
gered,theagricultural conversion rateforacurrencyisto
beadjustedwherethemonetarygapbetweenitandthe
representative marketrateexceedscertainlevels;
Whereasmonetarygapsarecurrentlyinexcessoffour
pointsandwereinexcessoffivepointsonseveralocca­
sionsduringthemonthofFebruary ;whereasthatsitua­
tionhasbeenconfirmed fortheGermanmark,the
AustrianschillingandtheDutchguilderandhascreated
uncertainty onthemarketsaswellasrisksofdistortionof
theflowoftrade;
Whereasundertheseconditions itisappropriate to
reducecertainmonetary gapsrecordedinrelationto
representative marketratesdetermined onthebasisofthe
referenceperiod24Mayto23June1995,witheffect
from1July1995,thedateofcommencement ofseveral
marketing years;whereasnewagricultural conversion
ratesshouldtherefore befixedonthebasisofareduction
byhalfthemonetarygapfortheGermanmark,the
AustrianschillingandtheDutchguilder;
Whereas ,inthecaseofthecurrencies inquestion,itis
necessary tosuspendtheapplication oftheruleson
advancefixingofagricultural conversion rateswhichmay
occurbefore1July1995,inordertoavoiddifficulties for
themarkets ;whereas,however,theapplication ofArticle
15(1)ofCommission Regulation (EEC)No1068/93of30
April1993ondetailedrulesfordetermining andapplying
theagricultural conversion rates(4),aslastamendedby
Regulation (EC)Nol053/95(*)isnotjustified;
WhereasArticle15(2)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceistobeadjustedinthegapbetweenthatrateandArticle2
1.Theadvancefixingoftheagricultural conversion
ratefortheGermanmark,theAustrianschillingandthe
Dutchguildershallbesuspended forapplications
submitted from29to30June1995.
2.Article15(1)ofRegulation (EEC)No1068/93shall
notapplyfortheagricultural conversion ratesamended
bythisRegulation .
Article3
InthecasereferredtoinArticle15(2)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article4
Regulation (EC)No1417/95isherebyrepealed .
Article 5
ThisRegulation shallenterintoforceon29June1995.
However,Articles 1and3shallapplyfrom1July1995.(•)OJNoL387,31.12.1992,p.1.0OJNoL22,31.1.1995,p.1.
(3)OJNoL141,24.6.1995,p.3.
(<)OJNoL108,1.5.1993,p.106.0OJNoL107,12.5.1995,p.4.

29.6.95 EN OfficialJournaloftheEuropean Communities NoL145/85
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,28June1995.
FortheCommission
FranzFISCHLER
MemberoftheCommission
ANNEXI
Agricultural conversion rates
ECU 139,5239
7,74166
1,90616
302,837
198,202
6,61023
5,88000
2,14021
0,829498
2311,19
13,4084
170,165
9,91834
0,840997Belgianand
Luxembourg francs
Danishkroner
German marks
Greekdrachmas
Portuguese escudos
Frenchfrancs
Finnishmarks
Dutchguilders
Irishpunt
Italianlire
Austrianschillings
Spanishpesetas
Swedishkroner
Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=38,0600 Belgianand ECU1=41,2317 Belgianand
Luxembourg francs Luxembourg francs
7,44390 Danishkroner 8,06423 Danishkroner
1,83285 Germanmarks 1,98558 Germanmarks
291,189 Greekdrachmas 315,455 Greekdrachmas
190,579 Portuguese escudos 206,460 Portuguese escudos
6,35599 Frenchfrancs 6,88566 Frenchfrancs
5,65385 Finnishmarks 6,12500 Finnishmarks
2,05789 Dutchguilders 2,22939 Dutchguilders
0,797594 Irishpunt 0,864060 Irishpunt
2222,30 Italianlire 2407,49 Italianlire
12,8927 Austrianschillings 13,9671 Austrianschillings
163,620 Spanishpesetas 177,255 Spanishpesetas
9,53687 Swedishkroner 10,3316 Swedishkroner
0,808651 Poundsterling 0,876039 Poundsterling