‹‹ EN Official Journal of the European Communities L 3/3 7. 1. 98
COMMISSION REGULATION (EC) No 7/98
of 6 January 1998
fixing, for December 1997, the specific agricultural conversion rate for the
amount of the reimbursement of storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the EuropeanCommunity,
Having regard to Council Regulation (EEC) No 1785/81
of 30 June 1981 on the common organization of themarkets in the sugar sector (
1), as last amended by Regula-
tion (EC) No 1599/96 (2),
Having regard to Council Regulation (EEC) No 3813/92
of 28 December 1992 on the unit of account and theconversion rates to be applied for the purposes of thecommon agricultural policy (
3), as last amended by Regu-
lation (EC) No 150/95 (4),
Having regard to Commission Regulation (EEC)
No 1713/93 of 30 July 1993 establishing special detailedrules for applying the agricultural conversion rate in thesugar sector (
5), as last amended by Regulation (EC)
No 59/97 (6), and in particular Article 1 (3) thereof,
Whereas Article 1 (2) of Regulation (EEC) No 1713/93
provides that the amount of the reimbursement of storagecosts referred to in Article 8 of Regulation (EEC)No 1785/81 is to be converted into national currencyusing a specific agricultural conversion rate equal to theaverage, calculated pro rata temporis , of the agriculturalconversion rates applicable during the month of storage;
whereas that specific rate must be fixed each month forthe previous month;
Whereas application of these provisions will lead to the
fixing, for December 1997, of the specific agriculturalconversion rate for the amount of the reimbursement ofstorage costs in the various national currencies as indi-cated in the Annex to this Regulation,
HAS ADOPTED THIS REGULATION:
Article 1
The specific agricultural conversion rate to be used to
convert the amount of the reimbursement of storage costsreferred to in Article 8 of Regulation (EEC) No 1785/81into each of the national currencies for December 1997shall be as indicated in the Annex hereto.
Article 2
This Regulation shall enter into force on 7 January 1998.It shall apply with effect from 1 December 1997.
This Regulation shall be binding in its entirety and directly applicable in all Member
States.
Done at Brussels, 6 January 1998.
For the Commission
Franz FISCHLER
Member of the Commission
(1) OJ L 177, 1. 7. 1981, p. 4.
(2) OJ L 206, 16. 8. 1996, p. 43.
(3) OJ L 387, 31. 12. 1992, p. 1.
(4) OJ L 22, 31. 1. 1995, p. 1.
(5) OJ L 159, 1. 7. 1993, p. 94.
(6) OJ L 14, 17. 1. 1997, p. 25.
‹‹ EN Official Journal of the European Communities L 3/4 7. 1. 98
ANNEX
to the Commission Regulation of 6 January 1998 fixing, for December 1997, the specific
agricultural conversion rate for the amount of the reimbursement of storage costs in the
sugar sector
Agricultural conversion rates
ECU 1 = 40,9321 Belgian and Luxembourg francs
7,54917 Danish kroner1,98243 German marks
312,011 Greek drachmas167,153 Spanish pesetas
6,68769 French francs
0,759189 Irish pound
1 973,93 Italian lire
2,23273 Dutch guilders
13,9485 Austrian schillings
200,321 Portuguese escudos
6,02811 Finnish marks8,65258 Swedish kroner0,695735 Pound sterling