Commission Regulation (EC) No 1732/1999 of 3 August 1999 fixing, for July 1999, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector
Date: 1999-08-03
Institutions: European Commission
Subjects: representative rate, storage cost, sugar, sugar levy

L 204/32

EN

Official Journal of the European Communities

4. 8. 1999

COMMISSION REGULATION (EC) No 1732/1999

of 3 August 1999

fixing, for July 1999, the specific exchange rate for the amount of the reimbursement of storage
costs in the sugar sector

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EEC) No 1785/81 of 30
June 1981 on the common organisation of the markets in the
sugar sector (1), as last amended by Commission Regulation
(EC) No 1148/98 (2),

Having regard to Council Regulation (EC) No 2799/98 of 15
December 1998 establishing agrimonetary arrangements for
the euro (3),

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 (4), as last
amended by Regulation (EC) No 1642/1999 (5), and in partic-
ular Article 1(3) thereof,

the amount of

(1) Whereas Article 1(2) of Regulation (EEC) No 1713/93
provides that
the reimbursement of
storage costs referred to in Article 8 of Regulation (EEC)
No 1785/81 is to 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 month of storage;
whereas that specific rate must be fixed each month for
the previous month; whereas, however, in the case of
the reimbursable amounts applying from 1 January

1999, as a result of the introduction of the agrimonetary
arrangements for the euro from that date, the fixing of
the conversion rate should be limited to the specific
exchange rates prevailing between the euro and the
national currencies of the Member States that have not
adopted the single currency;

(2) Whereas application of these provisions will lead to the
fixing, for July 1999, of the specific exchange rate for
the amount of the reimbursement of storage costs in the
various national currencies as indicated in the Annex to
this Regulation,

HAS ADOPTED THIS REGULATION:

Article 1

The specific exchange rate to be used for converting the
amount of the reimbursement of the storage costs referred to
in Article 8 of Regulation (EEC) No 1785/81 into national
currency for July 1999 shall be as indicated in the Annex
hereto.

Article 2

This Regulation shall enter into force on 4 August 1999.

It shall apply with effect from 1 July 1999.

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

Done at Brussels, 3 August 1999.

For the Commission

Monika WULF-MATHIES

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 349, 24.12.1998, p. 1.
(4) OJ L 159, 1.7.1993, p. 94.
(5) OJ L 195, 28.7.1999, p. 3.

4. 8. 1999

EN

Official Journal of the European Communities

L 204/33

to the Commission Regulation of 3 August 1999 fixing, for July 1999, the exchange rate for the amount of the
reimbursement of storage costs in the sugar sector

ANNEX

Specific exchange rate

EUR 1 =

7,43835

324,922

8,74092
0,657140

Danish kroner
Greek drachma
Swedish kroner
Pound sterling