1.7.94 OfficialJournaloftheEuropeanCommunities NoL167/3
COMMISSION REGULATION (EC)No1585/94
of30June1994
fixingtheagricultural conversion rates
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Community ,
HavingregardtoCouncilRegulation (EEC)No3813/92
of28December 1992ontheunitofaccountandthe
conversion ratestobeappliedforthepurposesofthe
commonagricultural policy('),aslastamendedbyRegu­
lation(EC)No3528/93(2),andinparticularArticle3(1)
thereof,
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No1411/94(3);
WhereasArticle4ofRegulation (EEC)No3813/92
providesthattheagricultural conversion rateforafloating
currency istobeadjustedwherethemonetary gap
betweenitandtherepresentative marketrateexceeds
certainlevels;whereas,notwithstanding thatArticle4,
Article4aofthatRegulation appliesuntil31December
1994;
Whereastherepresentative marketratesaredetermined
onthebasisofreferenceperiodsestablished inaccord­
ancewithCommission Regulation (EEC)No1068/93of
30April1993ondetailedrulesfordetermining and
applyingtheagricultural conversion rates(4),asamended
byRegulation (EC)No547/94(*);
Whereas,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiod21to30June1994,itis
necessaryontheonehandtofixthelimitsreferredtoin
paragraphs 1and3ofArticle4aofRegulation (EEC)
No3813/92at-I-3,013and—1,987andontheother
handtofixanewagricultural conversion rateforthe
poundsterling;WhereasArticle15(3)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedin
advanceshallbeadjustedifthegapbetweenthatrateand
theagricultural conversion rateinforceatthetimeofthe
operativeeventapplicable forthecurrencyconcerned
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 ,
or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EC)No1411/94isherebyrepealed .
Article4
ThisRegulation shallenterintoforceon1July1994.
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,30June1994.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1.
OOJNoL320,22.12.1993,p.32.
(3)OJNoL154,21.6.1994,p.29.
(4)OJNoL108,1.5.1993,p.106.
OOJNoL69,12.3.1994,p.1.

NoL167/4 OfficialJournaloftheEuropeanCommunities1.7.94
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
0,932453Belgianand
Luxembourg francs
Danishkroner
German marks
Greekdrachmas
Spanishpesetas
Frenchfrancs
Irishpunt
Italianlire
Dutchguilders
Portuguese escudos
Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=47,4106 Belgianand ECU1=51,3615 Belgianand
Luxembourg francs Luxembourg francs
8,98858 Danishkroner 9,73763 Danishkroner
2,26363 Germanmarks 2,45227 Germanmarks
333,451 Greekdrachmas 361,239 Greekdrachmas
184,922 Spanishpesetas 200,332 Spanishpesetas
7,67491 Frenchfrancs 8,31449 Frenchfrancs
0,938871 Irishpunt 1,01711 Irishpunt
2187,43 Italianlire 2369,72 Italianlire
2,55054 Dutchguilders 2,76308 Dutchguilders
230,126 Portuguese escudos 249,303 Portuguese escudos
0,896589 Poundsterling 0,971305 Poundsterling