Commission Regulation (EC) No 1567/98 of 20 July 1998 fixing, for the 1997/98 marketing year, the specific agricultural conversion rate applicable to the minimum sugarbeet prices and the production levy and additional levy in the sugar sector
Date: 1998-07-20
Institutions: European Commission
Subjects: EU Member State, minimum price, representative rate, sugar, sugar beet, sugar levy

L 203/12

EN

Official Journal of the European Communities

21. 7. 98

COMMISSION REGULATION (EC) No 1567/98

of 20 July 1998

fixing, for the 1997/98 marketing year, the specific agricultural conversion rate
applicable to the minimum sugarbeet prices and the production levy and addi-
tional levy in the sugar sector

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European
Community,

Having regard to Commission Regulation (EEC) No
1713/93 of 30 June 1993 establishing special detailed
rules for applying the agricultural conversion rate in the
sugar sector (1), as last amended by Regulation (EC) No
59/97 (2), and in particular Article 1 (3) thereof,

Whereas Article 1 (1) of Regulation (EEC) No 1713/93
specifies that the minimum sugarbeet prices referred to in
Article 5 of Council Regulation (EEC) No 1785/81 of 30
June 1981 on the common organization of the market in
the sugar sector (3), as last amended by Regulation (EC)
No 1148/98 (4), and the production levy and additional
levy referred to, respectively, in Articles 28 and 28a of that
Regulation shall be converted into national currency
using a specific agricultural conversion rate equal to the
average, calculated pro rata temporis, of the agricultural
conversion rates applicable during the marketing year in
question; whereas that specific agricultural conversion rate
must be fixed during the month following the end of the
marketing year in question;

conversion rate

Whereas the application of these provisions results in the
fixing, for the 1997/98 marketing year, of the specific
agricultural
conversion of
minimum sugarbeet prices as well as the production levy
and, where appropriate, additional levy into the various
national currencies, as set out in the Annex to this Regu-
lation,

the

for

HAS ADOPTED THIS REGULATION:

Article 1

The specific agricultural conversion rate to be used for
conversion of the minimum sugarbeet prices referred to
in Article 5 of Regulation (EEC) No 1785/81 and the
production levy and, where appropriate, additional levy
referred to, respectively, in Articles 28 and 28a of that
Regulation, into each of the national currencies, shall be
fixed, for the 1997/98 marketing year, as set out in the
Annex hereto.

Article 2

This Regulation shall enter into force on 21 July 1998.

It shall apply from 1 July 1997.

This Regulation shall be binding in its entirety and directly applicable in all Member
States.

Done at Brussels, 20 July 1998.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ L 159, 1. 7. 1993, p. 94.
(2) OJ L 14, 17. 1. 1997, p. 25.
(3) OJ L 177, 1. 7. 1981, p. 4.
(4) OJ L 159, 3. 6. 1998, p. 38.

21. 7. 98

EN

Official Journal of the European Communities

L 203/13

ANNEX

to the Commission Regulation of 20 July 1998 fixing, for the 1997/1998 marketing year, the
specific agricultural conversion rate applicable to the minimum sugarbeet prices and the
production levies and the additional levy in the sugar sector

Agricultural conversion rates

ECU 1 = 40,9112

7,55003
1,98185

322,674
167,415

6,68473
0,775692

1 973,93

2,23232

13,9442

201,304

6,02811
8,77482
0,696270

Belgian and Luxembourg francs
Danish kroner
German marks
Greek drachmas
Spanish pesetas
French francs
Irish pound
Italian lire
Dutch guilders
Austrian schillings
Portuguese escudos
Finnish marks
Swedish kroner
Pound sterling