Commission Regulation (EC) No 755/1999 of 12 April 1999 fixing the maximum compensatory aid resulting from the rates for the conversion of the euro into national currency units and the exchange rates applicable on 1 and 3 January 1999
Date: 1999-04-12
Institutions: European Commission
Subjects: agricultural guidance, aid to agriculture, euro, exchange rate, monetary compensatory amount, national currency

L 98/8

EN

Official Journal of the European Communities

13. 4. 1999

COMMISSION REGULATION (EC) No 755/1999

of 12 April 1999

fixing the maximum compensatory aid resulting from the rates for the conver-
sion of the euro into national currency units and the exchange rates applicable
on 1 and 3 January 1999

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EC) No 2799/98 of
15 December 1998 establishing agrimonetary arrange-
ments for the euro (1), and in particular Article 5 thereof,

Having regard to Council Regulation (EC) No 2800/98 of
15 December 1998 on transitional measures to be applied
under the common agricultural policy with a view to the
introduction of the euro (2), and in particular Article 3
thereof,

Whereas Article 3(1) of Regulation (EC) No 2800/98
provides that compensatory aid is to be paid where the
conversion rate for the euro into national currency units
or the exchange rate applicable on the date of the opera-
tive event is below the rate previously applicable; whereas,
however, that provision does not apply to amounts to
which a rate lower than the new rate applied in the 24
months preceding the new rate’s entry into force;

Whereas the conversion rate for the euro into national
currency units applicable from 1 January 1999 is below
the rate previously applicable for Belgium, France,
Ireland, Italy, Luxembourg and Finland; whereas the
exchange rates for the Danish krone and the pound ster-
ling applicable on the dates of the operative event, i.e. 1
and 3 January 1999, are below the rates previously applic-
able;

Whereas the compensatory aid is to be granted on the
terms set out in Regulation (EC) No 2799/98, Commis-
sion Regulation (EC) No 2808/98 of 22 December 1998
laying down detailed rules for the application of the agri-
monetary system for the euro in agriculture (3) and Regu-
lation (EC) No 2813/98 of 22 December 1998 laying
down detailed rules for applying the transitional measures

for the introduction of the euro to the common agricul-
tural policy (4);

Whereas the amounts of compensatory aid are established
in accordance with Articles 5 and 9 of Regulation (EC)
No 2799/98, Article 10 of Regulation (EC) No 2808/98
and Articles 4 and 6 of Regulation (EC) No 2813/98;

Whereas the measures provided for in this Regulation are
in accordance with the opinions of
the Management
Committees concerned,

HAS ADOPTED THIS REGULATION:

Article 1

The maximum amounts of the first tranche of compens-
atory aid to be granted as a result of
the reduction
recorded on the dates of the operative event (1 and 3
January 1999) in the conversion rates for the euro in force
from 1 January 1999 in Belgium, France, Ireland, Italy,
Luxembourg and Finland and the exchange rates for the
Danish krone and the pound sterling as against the agri-
cultural conversion rates previously applicable shall be as
set out in the Annex hereto.

However,
agrimonetary compensation shall only be
granted for structural and environmental measures where
the amount, applied in the Member State concerned and
expressed in national currency, is at least equal to the
ceiling.

Article 2

This Regulation shall enter into force on the seventh day
following its publication in the Official Journal of the
European Communities.

This Regulation shall be binding in its entirety and directly applicable in all Member
States with effect from 15 February 1999.

Done at Brussels, 12 April 1999.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 349, 24.12.1998, p. 8.
(3) OJ L 349, 24.12.1998, p. 36.

(4) OJ L 349, 24.12.1998, p. 48.

13. 4. 1999

EN

Official Journal of the European Communities

L 98/9

ANNEX

MAXIMUM AMOUNTS OF THE FIRST TRANCHE OF COMPENSATORY AID, IN MILLION EUROS

Measures

Type

Regulation

Belgium

Denmark

France

Ireland

Italy

Luxembourg

Finland

United
Kingdom

Suckler cow premium

(EEC) No 805/68, Article 4d

0,85

Additional suckler cow
premium

Male bovine premiums

(EEC) No 805/68, Article 4d

0,14

(EEC) No 805/68, Article 4b

0,41

Deseasonalisation premium (EEC) No 805/68, Article 4c

0

Extensification premium

(EEC) No 805/68, Article
4h

Early retirement

(EEC) No 2079/92

0,08

0,06

0,03

Environment

Afforestation

(EEC) No 2078/92

(EEC) No 2080/92

0,0037169

Improving fruit production (EC) No 2200/97

0,01

Nuts

(EEC) No 790/89

Grubbing-up vines

(EEC) No 1442/88

Less-favoured areas, young
farmers, etc.

(EC) No 950/97

0

0

0

Ewe and goat premium

(EEC) No 872/84

Lump-sum ewe premium

(EEC) No 1323/90

0,01

0,001224

0,68

0

1,18

0

0,11

0,07

0,38

0,12

0

0

0

0,08

0,05

0

10,39

0,03

5,72

0,00

4,18

1,40

2,44

0,08

0,42

0,05

0,27

6,51

2,57

0,78

12,61

0,00

14,10

1,87

5,64

3,57

7,11

2,10

0,00

0,00

0,00

9,96

4,96

1,39

1,70

0,16

1,08

0,00

0,39

0,02

5,35

1,26

0,35

0,00

0,07

3,48

2,26

0,59

0,04

0,00

0,03

0,00

0,02

0,00

0,05

0,00

0,00

0,00

0,001239

0,00

0,001224

0,00

0,06

0,00

0,35

0,00

0,11

0,16

1,90

0,08

0,00

0,00

0,00

0,35

0,02

0,01

35,55

1,10

34,57

0,80

16,15

0,00

4,91

2,13

0,12

0,00

0,00

3,85

36,50

8,70