Commission Regulation (EC) No 653/2001 of 30 March 2001 fixing the maximum amount of compensatory aid resulting from the exchange rate for the pound sterling applicable on 31 December 2000 and 1 January 2001
Date: 2001-03-30
Institutions: European Commission
Subjects: United Kingdom, exchange rate, monetary compensatory amount, national currency, representative rate

L 91/62

EN

Official Journal of the European Communities

31.3.2001

COMMISSION REGULATION (EC) No 653/2001

of 30 March 2001

fixing the maximum amount of compensatory aid resulting from the exchange rate for the pound
sterling applicable on 31 December 2000 and 1 January 2001

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 thereof,

Whereas:

(1)

(2)

(3)

Article 5(1) of Regulation (EC) No 2799/98 states 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 24
months immediately before the new rate took effect.

The exchange rate for the pound sterling applicable on
the operative event dates of 31 December 2000 and 1
January 2001 was lower than those previously applic-
able.

The compensatory aid is to be paid under the conditions
laid down in Regulation (EC) No 2799/98 and in
Commission Regulation (EC) No 2808/98 of 22
December 1998 laying down detailed rules for the
application of the agrimonetary system for the euro in

(4)

(5)

agriculture (2), as last amended by Regulation (EC) No
2452/2000 (3).

The amounts of the compensatory aid are established in
accordance with Articles 5 and 9 of Regulation (EC) No
2799/98 and with Article 10 of Regulation (EC) No
2808/98.

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 compensatory
aid which the United Kingdom may pay as a result of the
reduction recorded on the operative event dates of 31
December 2000 and 1 January 2001 in the exchange rate for
the pound sterling compared to the rate previously applicable
are listed in the Annex to this Regulation.

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.

Done at Brussels, 30 March 2001.

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 282, 8.11.2000, p. 9.

31.3.2001

EN

Official Journal of the European Communities

L 91/63

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

ANNEX

Measures

Type

Regulation

Suckler cow premium

Article 6(1), Regulation (EC) No 1254/1999

Additional suckler cow premium Article 6(5), Regulation (EC) No 1254/1999

Male bovine premiums

Article 4, Regulation (EC) No 1254/1999

Deseasonalisation premium

Article 5, Regulation (EC) No 1254/1999

Extensification premium

Article 13, Regulation (EC) No 1254/1999

Young farmers and less-favoured
areas

Articles 8 and 13, Regulation (EC) No 1257/1999

Early retirement

Agri-environment

Forestry

Regulation (EC) No 950/97

Article 10, Regulation (EC) No 1257/1999

Article 22, Regulation (EC) No 1257/1999

Article 29, Regulation (EC) No 1257/1999

Ewe and she-goat premium

Regulation (EC) No 872/84

Lump-sum ewe premium

Regulation (EEC) No 1323/90

United Kingdom

4,958688

0,157920

5,922000

0,000000

3,182088

1,099518

1,074290

1,683822

0,475734

6,470989

1,595146