1.4.94 OfficialJournaloftheEuropeanCommunities NoL88/1
I
(Actswhosepublication isobligatory)
COMMISSION REGULATION (EC)No752/94
of31March1994
fixingtheagricultural conversion rates
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.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)No106/94(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),amendedby
Regulation (EC)No547/940;
Whereas ,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiod21to31March1994,itis
necessarytofixanewagricultural conversion rateforthe
Greekdrachma ;
WhereasArticle15(3)ofRegulation (EEC)No1068/93
providesthatanagricultural conversion ratefixedinArticle2
InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance ,
or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EC)No106/94isherebyrepealed .
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL320,22.12.1993,p.32.
(3)OJNoL18,21.1.1994,p.14.Article4
ThisRegulation shallenterintoforceon1April1994.(4)OJNoL108,1.5.1993,p.106.
OOJNoL69,12.3.1994,p.1.

NoL88/2 OfficialJournaloftheEuropeanCommunities 1.4.94
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,31March1994.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
ANNEXI
Agricultural conversion rates
ECU1=49,3070 Belgianand
Luxembourg francs
9,34812Danishkroner
2,35418 Germanmarks
337,813 Greekdrachmas
192,319 Spanishpesetas
7,98191 Frenchfrancs
0,976426 Irishpunt
2274,93 Italianlire
2,65256 Dutchguilders
236,933 Portuguese escudos
0,920969 Poundsterling
ANNEXII
Agricultural conversion ratesfixedinadvanceandadjusted
TableA TableB
ECU1=47,4106 Belgianand ECU1=51,3615 Belgianand
Luxembourg francs Luxembourg francs
8,98858Danishkroner 9,73763 Danishkroner
2,26363Germanmarks 2,45227Germanmarks
324,820 Greekdrachmas 351,889 Greekdrachmas
184,922 Spanishpesetas 200,332 Spanishpesetas
7,67491Frenchfrancs 8,31449Frenchfrancs
0,938871Irishpunt 1,01711Irishpunt
2187,43 Italianlire 2369,72 Italianlire
2,55054Dutchguilders 2,76308Dutchguilders
227,820 Portuguese escudos 246,805 Portuguese escudos
0,885547Poundsterling 0,959343Poundsterling