Commission Regulation (EC) No 1966/2001 of 8 October 2001 fixing the maximum amount of compensatory aid resulting from the exchange rate for the pound sterling applicable on 1 July 2001
Date: 2001-10-08
Institutions: European Commission
Subjects: United Kingdom, aid to agriculture, exchange rate, monetary compensatory amount, national currency

L 268/24

EN

Official Journal of the European Communities

9.10.2001

COMMISSION REGULATION (EC) No 1966/2001

of 8 October 2001

fixing the maximum amount of compensatory aid resulting from the exchange rate for the pound
sterling applicable on 1 July 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(2) thereof,

Whereas:

(1)

(2)

(3)

Article 5(1) of Regulation (EC) No 2799/98 lays down
that compensatory aid may be paid where the exchange
rate applicable on the date of the operative event is
below that previously applicable. The exchange rate for
the pound sterling applicable on the operative event date
of 1 July 2001 was lower than that previously applic-
able.

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
December 1998 laying down detailed rules for the
application of the agrimonetary system for the euro in
agriculture (2), as last amended by Regulation (EC) No
2452/2000 (3).

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
to include flax and hemp grown for
arable crops,

fibre (4), 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 form 1 August to 1 July.

(4)

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 United Kingdom shall be authorised to pay the compens-
atory aid referred to in Article 5 of Regulation (EC) No 2799/
98 as a result of the reduction recorded on the operative event
date of 1 July 2001 in the exchange rate for the pound sterling
compared to the rate previously applicable.

The maximum amounts of the first tranche of the aid are given
in the Annex hereto.

Article 1

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, 8 October 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.

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

9.10.2001

EN

Official Journal of the European Communities

L 268/25

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

ANNEX

Measure

Type

Regulation

Aid for maize (base area for maize) (small-scale production)

(EC) No 1251/1999

Aid for cereals other than maize (base area for maize) (small-scale
production)

(EC) No 1251/1999

Aid for rape, sunflower and soya (small-scale production)

(EC) No 1251/1999

Aid for peas, beans and field beans (small-scale production)

(EC) No 1251/1999

Aid for flax seed (small-scale production)

(EC) No 1251/1999

Aid for maize (base area for maize) (large-scale production)

(EC) No 1251/1999

Million

0,071274

1,870094

0,016970

0,037334

0,044122

0,159518

Aid for cereals other than maize (base area for maize) (large-scale
production)

(EC) No 1251/1999

31,268922

Aid for rape, sunflower and soya (large-scale production)

(EC) No 1251/1999

Aid for peas, beans and field beans (large-scale production)

(EC) No 1251/1999

Aid for flax seed (large-scale production)

(EC) No 1251/1999

Supplementary aid for durum wheat (large-scale production)

(EC) No 1251/1999

Supplementary aid for durum wheat (traditional zones)

(EC) No 1251/1999

Set-aside related to per-hectare aid

Per-hectare aid for hops

Aid for flax grown for fibre

Aid for hemp grown for fibre

(1) OJ L 175, 4.8.1971, p. 1.

(EC) No 1251/1999

Council Regulation (EEC) No
1696/71 (1)

(EC) No 1251/1999

(EC) No 1251/1999

8,668276

2,514954

1,126808

0,000000

0,016970

6,781212

0,098426

0,295336

0,022914