Commission Regulation (EC) No 1612/2000 of 24 July 2000 setting the maximum amount of compensatory aid resulting from the conversion rates for the Swedish krona and the pound sterling applicable on 1 July 2000
Date: 2000-07-24
Institutions: European Commission
Subjects: Sweden, United Kingdom, agri-monetary policy, euro, exchange rate, monetary compensatory amount

L 185/36

EN

Official Journal of the European Communities

25.7.2000

COMMISSION REGULATION (EC) No 1612/2000

of 24 July 2000

setting the maximum amount of compensatory aid resulting from the conversion rates for the
Swedish krona and the pound sterling applicable on 1 July 2000

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 arrangements for
the euro (1), and in particular Article 5(2) thereof,

Whereas:

December 1998 laying down detailed rules for the
application of the agrimonetary system for the euro in
agriculture (2), as amended by Regulation (EC) No 1410/
1999 (3).

(4)

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

(1)

(2)

(3)

Article 5(1) of Regulation (EC) No 2799/98 provides
that compensatory payments may be made in cases
where the exchange rate applicable on the date of the
operative event
is below that previously applicable.
However, that provision is not applicable to amounts to
which a rate lower than the new rate was applicable
during the twenty-four months immediately before the
new rate took effect.

The exchange rates for the Swedish krona and the
pound sterling applicable on the operative event date of
1 July 2000 were lower than those previously applic-
able.

HAS ADOPTED THIS REGULATION:

Article 1

The maximum amounts of the first tranche of compensatory
aid which may be paid as a result of the reduction recorded on
the operative event date of 1 July 2000 in the exchange rates
for the Swedish krona and the pound sterling compared to the
exchange rates previously applicable are listed in the Annex.

Article 2

The compensatory aid is to be determined and paid in
accordance with Regulation (EC) No 2799/98 and
Commission Regulation (EC) No 2808/98 of 22

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.

Done at Brussels, 24 July 2000.

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. 36.
(3) OJ L 164, 30.3.1999, p. 53.

25.7.2000

EN

Official Journal of the European Communities

L 185/37

Maximum amounts of the first tranche of compensatory aid expressed in million euro

ANNEX

Measure

Type

Regulation

Sweden

United Kingdom

Aid maize ‘base area maize’
production)

(small

(EC) No 1251/1999 of Council (1)

0,000000

0,071253

Aid cereals other than base area maize
(small production)

Aid rape, sunflower, soya (small produc-
tion)

(EC) No 1251/1999

2,853340

1,984905

(EC) No 1251/1999

0,018690

0,000000

Aid peas, field beans (small production)

(EC) No 1251/1999

Aid linseed (small production)

(EC) No 1251/1999

(EC) No 1251/1999

0,018690

0,006230

0,000000

0,000000

0,000000

0,183222

Aid maize ‘base area maize’ (professional
production)

Aid cereals other than base area maize
(professional production)

Aid rape, sunflower, soya (professional
production)

(EC) No 1251/1999

13,444340

31,083273

(EC) No 1251/1999

1,495200

6,511167

Aid peas,
production)

field beans

(professional

(EC) No 1251/1999

0,623000

3,175848

Aid linseed (professional production)

(EC) No 1251/1999

Additional aid durum wheat
sional production)

(profes-

(EC) No 1251/1999

Set-aside linked to aid/ha

(EC) No 1251/1999

Aid/ha dried vegetables

(EC) No 1577/96 of Council (2)

Aid/ha hops

(EEC) No 1696/71 of Council (3)

0,953190

0,000000

4,759720

0,000000

0,000000

4,682340

0,020358

6,670638

0,000000

0,033930

(1) OJ L 160, 26.6.1999, p. 1.
(2) OJ L 206, 16.8.1996, p. 4.
(3) OJ L 175, 4.8.1971, p. 1.