EN Official Journal of the European Communities 20. 8. 98 L 233/12
COMMISSION REGULATION (EC) No 1810/98
of 19 August 1998
fixing, for July 1998, the specific agricultural conversion rate for the amount of
the reimbursement of storage costs in the sugar sector and repealing Regulation
(EC) No 1546/98
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the EuropeanCommunity,
Having regard to Council Regulation (EEC) No 1785/81
of 30 June 1981 on the common organisation of themarkets in the sugar sector (
1), as last amended by Regula-
tion (EC) No 1148/98 (2),
Having regard to Council Regulation (EEC) No 3813/92
of 28 December 1992 on the unit of account and theconversion rates to be applied for the purposes of thecommon agricultural policy (
3), as last amended by Regu-
lation (EC) No 150/95 (4),
Having regard to Commission Regulation (EEC) No
1713/93 of 30 June 1993 establishing special detailedrules for applying the agricultural conversion rate in thesugar sector (
5), as last amended by Regulation (EC) No
59/97 (6), and in particular Article 1(3) thereof,
Whereas Article 1(2) of Regulation (EEC) No 1713/93
provides that the amount of the reimbursement of storagecosts referred to in Article 8 of Regulation (EEC) No1785/81 is to be converted into national currency using aspecific agricultural conversion rate equal to the average,calculated pro rata temporis, of the agricultural conver-
sion rates applicable during the month of storage; whereasthat specific rate must be fixed each month for theprevious month;Whereas application of these provisions will lead to the
fixing, for July 1998, of the specific agricultural conver-sion rate for the amount of the reimbursement of storagecosts in the various national currencies as indicated in theAnnex to this Regulation;
Whereas Commission Regulation (EC) No 1546/98 (
7)
fixed erroneously the specific agricultural conversion ratefor the amount of the reimbursement of storage costs inthe sugar sector for July 1998; whereas the mistake isobvious; whereas Regulation (EC) No 1546/98 should berepealed,
HAS ADOPTED THIS REGULATION:
Article 1
The specific agricultural conversion rate to be used to
convert the amount of the reimbursement of storage costsreferred to in Article 8 of Regulation (EEC) No 1785/81into each of the national currencies for July 1998 shall beas indicated in the Annex hereto.
Article 2
Regulation (EC) No 1546/98 is hereby repealed.
Article 3
This Regulation shall enter into force on 20 August 1998.It shall apply with effect from 1 July 1998.
This Regulation shall be binding in its entirety and directly applicable in all Member
States.
Done at Brussels, 19 August 1998.
For the Commission
Karel VAN MIERT
Member of the Commission
(1) OJ L 177, 1. 7. 1981, p. 4.
(2) OJ L 159, 3. 6. 1998, p. 38.
(3) OJ L 387, 31. 12. 1992, p. 1.
(4) OJ L 22, 31. 1. 1995, p. 1.
(5) OJ L 159, 1. 7. 1993, p. 94.
(6) OJ L 14, 17. 1. 1997, p. 25. (7) OJ L 202, 18. 7. 1998, p. 21.
EN Official Journal of the European Communities 20. 8. 98 L 233/13
ANNEX
to the Commission Regulation of 19 August 1998 fixing, for July 1998, the specific
agricultural conversion rate for the amount of the reimbursement of storage costs in the
sugar sector
Agricultural conversion rates
ECU 1 = 40,9321 Belgian and Luxembourg francs
7,56225 Danish kroner1,98391 German marks
345,664 Greek drachmas168,336 Spanish pesetas
6,68769 French francs0,796521 Irish pound
1 973,93 Italian lire
2,23593 Dutch guilders
13,9576 Austrian schillings
203,183 Portuguese escudos
6,02811 Finnish marks8,79309 Swedish kroner
0,677353 Pound sterling