Commission Regulation (EC) No 1967/2001 of 8 October 2001 adjusting certain compensatory agrimonetary aids granted in Denmark and Sweden
Date: 2001-10-08
Institutions: European Commission
Subjects: Denmark, Sweden, monetary compensatory amount

L 268/26

EN

Official Journal of the European Communities

9.10.2001

COMMISSION REGULATION (EC) No 1967/2001

of 8 October 2001

adjusting certain compensatory agrimonetary aids granted in Denmark and Sweden

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,

(6)

Whereas:

For various Member States, the maximum amounts of
the compensatory aid resulting from the rates for
converting the euro into national currency units and the
exchange rates applicable on 1 July 1999 and 1 August
1999 are laid down in Commission Regulations (EC) No
1639/1999 (2) and (EC) No 2200/1999 (3).

For Sweden and the United Kingdom, the maximum
amounts of the compensatory aid resulting from the
exchange rates applicable on 1 July 2000 and 1 August
2000 are laid down respectively in Commission Regula-
tions (EC) No 1612/2000 (4) and (EC) No 2293/2000 (5).

the previous tranche, by at

Article 5(3) of Regulation (EC) No 2799/98 lays down
that the amounts paid out under the second and third
tranches of aid shall each be reduced, vis-à-vis the level
of
the
amount paid out in the first tranche and Article 5(4) of
that Regulation provides that the maximum amount of
the compensatory aid is to be reduced or cancelled as a
function of the effect on income of the development of
the exchange rates recorded on the first day of the
second and third tranches.

latest a third of

tive event falls on 1 July 1999 for Denmark. In addition,
for those tranches Sweden should not be authorised to
pay compensatory aids whose operative events fall on 1
July 1999, 1 August 1999, 1 July 2000 and 1 August
2000.

Under Council Regulation (EC) No 1672/2000 of 27
July 2000 amending Regulation (EC) No 1251/1999
establishing a support system for producers of certain
arable crops,
to include flax and hemp grown for
fibre (7), flax and hemp grown for fibre are included in
the support system for producers of certain arable crops
from the 2001/02 marketing year. Consequently, from
that marketing year the date of the operative event for
area payments for flax and hemp grown for fibre is
brought forward from 1 August to 1 July.

(7)

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

HAS ADOPTED THIS REGULATION:

Article 1

For the tranches relating to aid whose operative event falls on
1 July 2001, the amounts of compensatory aid for Denmark
set out in the Annex to Regulation (EC) No 1639/1999 shall be
multiplied by a factor of 0,7776.

The conversion rates applicable to certain direct aids
whose operative event falls on 1 July 2001 are laid
down in Commission Regulation (EC) No 1580/2001 (6).
The rates laid down for the Danish krone and the
Swedish krona indicate a depreciation of those curren-
cies.

For the tranches relating to aid whose operative event falls on
1 July 2001, Sweden is not authorised to pay the amounts of
compensatory aid set out in the Annexes to Regulations (EC)
No 1639/1999, (EC) No 2200/1999, (EC) No 1612/2000 and
(EC) No 2293/2000.

Article 2

For the tranches for the period 1 July 2001 to 30 June
2002, an additional reduction should be applied to the
maximum amount of compensatory aids whose opera-

Article 3

(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 194, 27.7.1999, p. 33.
(3) OJ L 268, 16.10.1999, p. 8.
(4) OJ L 185, 25.7.2000, p. 36.
(5) OJ L 262, 17.10.2000, p. 12.
(6) OJ L 209, 2.8.2001, p. 16.

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

(7) OJ L 193, 29.7.2000, p. 13.

(1)

(2)

(3)

(4)

(5)

9.10.2001

EN

Official Journal of the European Communities

L 268/27

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

Done at Brussels, 8 October 2001.

For the Commission

Franz FISCHLER

Member of the Commission