4.7.95 EN| OfficialJournaloftheEuropeanCommunities NoL153/25
>COMMISSION REGULATION (EC)No1613/95
of3July1995
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)No1492/95(3);
WhereasArticle4ofRegulation (EEC)No3813/92
providesthat,subjecttoconfirmation periodsbeingtrig­
gered,theagricultural conversion rateforacurrencyisto
beadjustedwherethemonetarygapbetweenitandthe
representative marketrateexceedscertainlevels;
Whereastherepresentative marketratesaredetermined
onthebasisofbasicreferenceperiodsor,whereappli­
cable,confirmation periods,established inaccordance
withArticle2ofCommission Regulation (EEC)No
1068/93of30April1993ondetailedrulesfordeter­
miningandapplyingtheagricultural conversion rates(4),
aslastamended byRegulation (EC)No1053/95(*);
whereasparagraph 2ofthatArticleprovidesthat,incases
wheretheabsolute valueofthedifference betweenthe
monetarygapsintwoMemberStates,calculatedfromthe
averageoftheecuratesforthreeconsecutive quotation
days,exceedssixpoints,therepresentative marketrates
aretobeadjustedonthebasisofthethreequotation days
inquestion ;
Whereas ,asaconsequence oftheexchangeratesrecorded
from24Juneto3July1995,itisnecessarytofixanew
agricultural conversion rateforthepoundsterlingandthe
Italianlira:WhereasArticle15(2)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceistobeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeofthe
operativeeventapplicable 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)No1492/95isherebyrepealed .
Article4
ThisRegulation shallenterintoforceon4July1995.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,3July1995.
FortheCommission
FranzFISCHLER
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL22,31.1.1995,p.1.
(3)OJNoL145,29.6.1995,p.84.
(<)OJNoL108,1.5.1993,p.106.
OOJNoL107,12.5.1995,p.4.

NoL153/26 IEN OfficialJournaloftheEuropeanCommunities 4.7.95
ANNEXI
Agricultural conversion rates
ECU1-39,5239 Belgianand
Luxembourg francs
7,74166 Danishkroner
1,90616 Germanmarks
302,837 Greekdrachmas
198,202 Portuguese escudos
6,61023 Frenchfrancs
5,88000 Finnishmarks
2,14021 Dutchguilders
0,829498 Irishpunt
2248,15Italianlire
13,4084 Austrianschillings
170,165 Spanishpesetas
9,91834 Swedishkroner
0,843954 Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=38,0038 Belgianand ECU1=41,1707 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
2161,68 Italianlire 2341,82 Italianlire
12,8927 Austrianschillings 13,9671 Austrianschillings
163,620 Spanishpesetas 177,255 Spanishpesetas
9,53687 Swedishkroner 10,3316 Swedishkroner
0,811494 Poundsterling 0,879119 Poundsterling