NoL316/42IENI OfficialJournaloftheEuropeanCommunities 30.12.95
COMMISSION REGULATION (EC)No3049/95
of29December 1995
fixingtheagriculturalconversionrates
advanceistobeadjustedifthegapbetweenthatrateand
theagriculturalconversionrateinforceatthetimeofthe
operativeeventapplicablefortheamountconcerned
exceedsfourpoints;whereas,inthatevent,theagricul­
turalconversionratefixedinadvanceisbroughtmore
closelyintolinewiththerateinforce,uptothelevelofa
gapoffourpointswiththatrate;whereastheratewhich
replacestheagriculturalconversionratefixedinadvance
shouldbespecified,THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
Community ,
HavingregardtoCouncilRegulation(EEC)No3813/92
of28December1992ontheunitofaccountandthe
conversionratestobeappliedforthepurposesofthe
commonagriculturalpolicy('),aslastamendedbyRegu­
lation(EC)No150/95(2),andinparticularArticle3(1)
thereof,
Whereastheagriculturalconversionrateswerefixedby
CommissionRegulation(EC)No2960/95(3);
WhereasArticle4ofRegulation (EEC)No3813/92
providesthat,subjecttoconfirmationperiodsbeingtrig­
gered,theagriculturalconversionrateforacurrencyisto
beadjustedwherethemonetarygapbetweenitandthe
representativemarketrateexceedscertainlevels;
Whereastherepresentativemarketratesaredetermined
onthebasisofbasicreferenceperiodsor,whereappli­
cable,confirmation periods,establishedinaccordance
withArticle2ofCommissionRegulation(EEC)No
1068/93of30April1993ondetailedrulesfordeter­
miningandapplyingtheagriculturalconversionrates(4),
aslastamendedbyRegulation(EC)No2853/95(*);
whereasparagraph2ofthatArticleprovidesthat,incases
wheretheabsolutevalueofthedifferencebetweenthe
monetarygapsintwoMemberStates,calculatedfromthe
averageoftheecuratesforthreeconsecutivequotation
days,exceedssixpoints,therepresentativemarketrates
aretobeadjustedonthebasisofthethreequotationdays
inquestion;
Whereas,asaconsequenceoftheexchangeratesrecorded
from21to31December1995,itisnecessarytofixanew
agriculturalconversionratefortheGreekdrachma;
WhereasArticle15(2)ofRegulation(EEC)No1068/93
providesthatanagriculturalconversionratefixedinHASADOPTEDTHISREGULATION :
Article1
TheagriculturalconversionratesarefixedinAnnexI
hereto.
Article2
InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagriculturalconversionratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance,
—TableB,wherethelatterrateislowerthantherate
fixedinadvance.
Article3
Regulation(EC)No2360195isherebyrepealed.
Article4
ThisRegulationshallenterintoforceon1January1996.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29December1995.
FortheCommission
FranzFISCHLER
MemberoftheCommission
(>)OJNoL387,31.12.1992,p.1.
2OJNoL22,31.1.1995,p.1.
(3)OJNoL308,21.12.1995,p.59.
(4)OJNoL108,1.5.1993,p.106.
MOJNoL299,12.12.1995,p.1.

30.12.95EN OfficialJournaloftheEuropeanCommunities NoL316/43
ANNEXI
Agriculturalconversionrates
ECU1 39,5239
7,49997
1»90616
311,761
198,202
6,61023
5,88000
2,14021
0,829498
2164,34
13,4084
165,198
9,24240
0,856563Belgianand
Luxembourgfrancs
Danishkroner
Germanmarks
Greekdrachmas
Portugueseescudos
Frenchfrancs
Finnishmarks
Dutchguilders
Irishpunt
Italianlire
Austrianschillings
Spanishpesetas
Swedishkroner
Poundsterling
ANNEXII
Agriculturalconversionratesfixedinadvanceandadjusted
TableA TableB
ECU1-38,0038Belgianand ECU1-41,1707Belgianand
Luxembourgfrancs Luxembourgfrancs
7,21151Danishkroner 7,81247Danishkroner
1,83285Germanmarks 1,98558Germanmarks
299,770 Greekdrachmas 324,751 Greekdrachmas
190,579Portugueseescudos 206,460Portugueseescudos
6,35599Frenchfrancs 6,88566Frenchfrancs
5,65385Finnishmarks 6,12500Finnishmarks
2,05789Dutchguilders 2,22939Dutchguilders
0,797594Irishpunt 0,864060Irishpunt
2081,10 Italianlire 2254,52 Italianlire
12,8927Austrianschillings 13,9671Austrianschillings
158,844Spanishpesetas 172,081Spanishpesetas
8,88692Swedishkroner 9,62750Swedishkroner
0,823618Poundsterling 0,892253Poundsterling