21.6.94 OfficialJournaloftheEuropeanCommunities NoL154/29
COMMISSION REGULATION (EC)No1411/94
of20June1994
fixingtheagricultural conversion rates
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,theagricultural conversion rateinforceatthetimeofthe
operativeeventapplicable forthecurrencyconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversion ratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagricultural conversion ratefixedinadvance
shouldbespecified ,HavingregardtotheTreatyestablishing theEuropean
Community ,
HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy('),aslastamendedbyRegu­
lation(EC)No3528/93(2),andinparticularArticle3(1)
thereof,HASADOPTED THISREGULATION
Article 1Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No1260/94(3);
Theagricultural conversion ratesarefixedinAnnexI
hereto.
WhereasArticle4ofRegulation (EEC)No3813/92
providesthattheagricultural conversion rateforafloating
currency istobeadjustedwherethemonetary gap
betweenitandtherepresentative marketrateexceeds
certainlevels;whereas,notwithstanding thatArticle4,
Article4aofthatRegulation appliesuntil31December
1994;Article2
Whereastherepresentative marketratesaredetermined
onthebasisofreferenceperiodsestablished inaccord­
ancewithCommission Regulation (EEC)No1068/93of
30April1993ondetailedrulesfordetermining and
applyingtheagricultural conversion rates(4),amendedby
Regulation (EC)No547/94(*);InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Whereas,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiod11to20June1994,itis
necessarytofixanewagricultural conversion rateforthe
Greekdrachma ;Article3
Regulation (EC)No1260/94isherebyrepealed .WhereasArticle15(3)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceshallbeadjustedifthegapbetweenthatrateand
(')OJNoL387,31.12.1992,p.1. Article4
(2)OJNoL320,22.12.1993,p.32.
(3)OJNoL137,1.6.1994,p.55.0OJNoL108,1.5.1993,p.106.
OOJNo'L69,12.3.1994,p.1. ThisRegulation shallenterintoforceon21June1994.

NoL154/30 OfficialJournaloftheEuropeanCommunities 21.6.94
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,20June1994.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
ANNEXI
Agricultural conversion rates
ECU1=49,3070
9,34812
2,35418
346,789
192,319
7,98191
0,976426
2274,93
2,65256
239,331
0,920969Belgianand
Luxembourg francs
Danishkroner
Germanmarks
Greekdrachmas
Spanishpesetas
Frenchfrancs
Irishpunt
Italianlire
Dutchguilders
Portuguese escudos
Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=47,4106 Belgianand
Luxembourg francs
8,98858 Danishkroner
2,26363 Germanmarks
333,451 Greekdrachmas
184,922 Spanishpesetas
7,67491 Frenchfrancs
0,938871 Irishpunt
2187,43 Italianlire
2,55054 Dutchguilders
230,126 Portuguese escudos
0,885547 PoundsterlingECU1=51,3615 Belgianand
Luxembourg francs
9,73763 Danishkroner
2,45227 Germanmarks
361,239 Greekdrachmas
200,332 Spanishpesetas
8,31449 Frenchfrancs
1,01711 Irishpunt
2369,72 Italianlire
2,76308 Dutchguilders
249,303 Portuguese escudos
0,959343 Poundsterling