ii.io.96 TEN OfficialJournaloftheEuropeanCommunities NoL258/17
COMMISSION REGULATION (EC)No1955/96
of10October 1996
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)No1895/96(3);
WhereasArticle4ofRegulation (EEC)No3813/92
providesthat,subjecttoconfirmation periodsbeingtrig­
gered,theagricultural conversion rateforacurrencyisto
beadjustedwherethemonetarygapbetweenitandthe
representative marketrateexceedscertainlevels;
Whereastherepresentative marketratesaredetermined
onthebasisofbasicreferenceperiodsor,whereapplic­
able,confirmation periods,established inaccordance with
Article2ofCommission Regulation (EEC)No1068/93of
30ApriJ1993ondetailedrulesfordetermining and
applyingtheagricultural conversion rates(4),aslast
amended byRegulation (EC)No1482/96Q;whereas
paragraph 2ofthatArticleprovidesthat,incaseswhere
theabsolutevalueofthedifference betweenthemonetary
gapsintwoMemberStates,calculatedfromtheaverageof
theecuratesforthreeconsecutive quotation days,exceeds
sixpoints,therepresentative marketratesaretobe
adjustedonthebasisofthethreequotation daysinques­
tion;
Whereas ,asaconsequence oftheexchangeratesrecorded
from1to10October1996,itisnecessary tofixanew
agricultural conversion ratefortheAustrianschilling ,the
Dutchguilder,theGermanmarkandtheBelgianfranc;WhereasArticle15(2)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceistobeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeofthe
operative eventapplicable fortheamountconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagricultural conversion ratefixedinadvance
shouldbespecified ,
HASADOPTED THISREGULATION :
Article 1
Theagricultural conversion ratesarefixedinAnnexI
hereto.
Article 2
InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance ,
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EC)No1895/96isherebyrepealed .
Article4
ThisRegulation shallenterintoforceon11October
1996.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels ,10October 1996.
FortheCommission
FranzFISCHLER
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL22,31.1.1995,p.1.
(3)OJNoL249,1.10.1996,p.41.
(4)OJNoL108,1.5.1993,p.106.
(5OJNoL188,27.7.1996,p.22.

NoL258/18EN OfficialJournaloftheEuropeanCommunities 11.10.96
ANNEXI
Agricultural conversion rates
ECU1=39,5483 Belgianand
Luxembourg francs
7,49997 Danishkroner
1,92047 German marks
311,761 Greekdrachmas
198,202 Portuguese escudos
6,61023 Frenchfrancs
6,02811 Finnishmarks
2,15464 Dutchguilders
0,829498 Irishpunt
1973,93 Italianlire
13,5103 Austrianschillings
165,198 Spanishpesetas
8,64446 Swedishkroner
0,833821 Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=38,0272 Belgianand ECU1=41,1961 Belgianand
Luxembourg francs I Luxembourg francs
7,21151 Danishkroner 7,81247 Danishkroner
1,84661 German marks 2,00049 German marks
299,770 Greekdrachmas 324,751 Greekdrachmas
190,579 Portuguese escudos 206,460 Portuguese escudos
6,35599 Frenchfrancs 6,88566 Frenchfrancs
5,79626 Finnishmarks 6,27928 Finnishmarks
2,07177 Dutchguilders 2,24442 Dutchguilders
0,797594 Irishpunt 0,864060 Irishpunt
1898,01 Italianlire 2056,18 Italianlire
12,9907 Austrianschillings 14,0732 Austrianschillings
158,844 Spanishpesetas 172,081 Spanishpesetas
8,31198 Swedish kroner9,00465 Swedishkroner
0,801751 Poundsterling 0,868564 Poundsterling