NoL350/80 OfficialJournaloftheEuropean Communities 31.12.94
COMMISSION REGULATION (EC)No3340/94
of30December 1994
fixingtheagricultural conversion rates
parttofixanewagricultural conversion ratefortheGreek
drachmaandSpanishpeseta;
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.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,
HavingregardtoCouncilRegulation (EC)No3311/94of
20December 1994extending byonemonththeapplica­
tionoftheagrimonetary arrangements inforceon
31December 1994andfixingtheagricultural conversion
ratesforthenewMemberStates(3),andinparticular
Article2thereof,
Whereastheagricultural conversion rateswerefixedby
Commission Regulation (EC)No3131/94(4);whereas
agricultural conversion ratesfortheFinnishmark,the
AustrianschillingandtheSwedishkronamustbefixed
fromthedateoftheentryintoforceoftheActofAcces­
sionofthenewMemberStatesconcerned ,inaccordance
withtheruleslaiddowninRegulation (EC)No3311/94;
WhereasArticle4ofRegulation (EEC)No3813/92
providesthattheagricultural conversion rateforafloating
currency istobeadjustedwherethemonetary gap
betweenitandtherepresentative marketrateexceeds
certainlevels;whereas,notwithstanding thatArticle4,
Article4aofthatRegulation appliesuntil31December
1994;whereasRegulation (EC)No3311/94extendsthese
provisions until31January1995;
Whereastherepresentative marketratesaredetermined
onthebasisofreferenceperiodsestablished inaccord­
ancewithCommission Regulation (EEC)No1068/93of
30April1993ondetailedrulesfordetermining and
applyingtheagricultural conversion rates(*),asamended
byRegulation (EC)No547/94(6);
Whereas ,asaconsequence oftheexchangeratesrecorded
duringthereferenceperiod21to30December 1994,itis
necessaryoftheonepasttofixthelimitsreferredtoin
paragraphs 1and3ofArticle4aofRegulation (EEC)
No3813/92at+4,006and—0,994andoftheotherArticle2
InthecasereferredtoinArticle15(3)ofRegulation
(EEC)No1068/93,theagricultural conversion ratefixed
inadvanceshallbereplacedbytheecurateforthe
currencyconcerned ,showninAnnexII:
—TableA,wherethelatterrateishigherthantherate
fixedinadvance ,
or
—TableB,wherethelatterrateislowerthantherate
fixedinadvance .
Article3
Regulation (EC)No3131/94isherebyrepealed .
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL320,22.12.1993,p.32.
(3)Seepage1ofthisOfficialJournal.
OOJNoL330,21.12.1994,p.55.
OOJNoL108,1.5.1993,p.106.0OJNoL69,12.3.1994,p.1.Article4
ThisRegulation shallenterintoforceon1January1995.

31.12.94 OfficialJournaloftheEuropean Communities NoL350/81
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,30December 1994.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
ANNEXI
Agricultural conversion rates
ECU1=493070 Belgianand
Luxembourg francs
934812 Danishkroner
235418Germanmarks
354,617 Greekdrachmas
239331 Portuguese escudos
7,98191 Frenchfrancs
7,02071 Finnishmarks
2,65256 Dutchguilders
0,976426 Irishpunt
2383,42 Italianlire
16,5658 Austrianschillings
193,683 Spanishpesetas
10,9857 SwedishKroner
0,953575 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
340,978 Greekdrachmas 369393 Greekdrachmas
230,126 Portuguese escudos 249303 Portuguese escudos
7,67491 Frenchfrancs 831449 Frenchfrancs
6,75068 Finnishmarks 731324 Finnishmarks
2,55054 Dutchguilders 2,76308 Dutchguilders
0,938871 Irishpunt 1,01711 Irishpunt
2291,75 Italianlire 2482,73 Italianlire
15,9287 Austrianschillings 17,2560 Austrianschillings
186,234 Spanishpesetas 201,753 Spanishpesetas
10,5632 SwedishKroner 11,4434 SwedishKroner
0,916899 Poundsterling 0,993307 Poundsterling