Commission Regulation (EC) No 1483/2003 of 21 August 2003 fixing the conversion rate applicable to certain direct aid with an operative event on 1 July 2003
Date: 2003-08-21
Institutions: European Commission
Subjects: agri-monetary policy, aid system, aid to agriculture, exchange rate, hops

L 212/44

EN

Official Journal of the European Union

22.8.2003

COMMISSION REGULATION (EC) No 1483/2003

of 21 August 2003

fixing the conversion rate applicable to certain direct aid with an operative event on 1 July 2003

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

(3)

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),

Having regard to Commission Regulation (EC) No 2808/98 of
22 December 1998 laying down detailed rules for the applica-
tion of the agrimonetary system for the euro in agriculture (2),
as last amended by Regulation (EC) No 816/2003 (3), and in
particular Article 4(3) thereof,

Having regard to Commission Regulation (EC) No 1410/1999
of 29 June 1999 amending Regulation (EC) No 2808/98 laying
down detailed rules for the application of the agrimonetary
system for the euro in agriculture and amending the definition
of certain operative events provided for in Regulations (EEC)
No 3889/87, (EEC) No 3886/92, (EEC) No 1793/93, (EEC) No
2700/93 and (EC) No 293/98 (4), and in particular Article 2
thereof,

Whereas:

(1)

(2)

the operative event

In accordance with Article 4(1) of Regulation (EC) No
2808/98,
for the exchange rate
applicable to aid per hectare should be the commence-
ment of the marketing year in respect of which the aid
is granted. For aid for arable crops and grain legumes
the operative event for the exchange rate should there-
fore be 1 July 2003.

In accordance with Article 4(3) of Regulation (EC) No
2808/98,
the exchange rate to be used for aid per
hectare should be the average of the exchange rates
applicable during the month preceding the date of the
operative event, calculated pro rata temporis.

Article 1 of Commission Regulation (EEC) No 1793/93
of 30 June 1993 regarding the operative event for the
agricultural conversion rates used in the hops sector (5),
as last amended by Regulation (EC) No 1410/1999,
states that the agricultural conversion rate to be applied
for the purposes of the aid for hops should be the
average of
the exchange rates applicable during the
month preceding 1 July of the harvest year, calculated
pro rata temporis.

(4)

The conversion rates to be applied for the aid in ques-
tion should be fixed according to the average of the
June
exchange rates applicable during the month of
2003, calculated pro rata temporis,

HAS ADOPTED THIS REGULATION:

Article 1

The conversion rates given in the Annex apply to the following
aid:

(a) the aid referred to in Article 4(1) of Regulation (EC) No
2808/98 and having an operative event on 1 July 2003;
and

(b) the aid for hops, provided for in Article 12 of Council
Regulation (EEC) No 1696/71 (6) and having an operative
event on 1 July 2003.

Article 2

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

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

Done at Brussels, 21 August 2003.

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 116, 13.5.2003, p. 12.
(4) OJ L 164, 30.6.1999, p. 53.

(5) OJ L 163, 6.7.1993, p. 22.
(6) OJ L 175, 4.8.1971, p. 1.

22.8.2003

EN

Official Journal of the European Union

L 212/45

ANNEX

Conversion rates applicable to the aid referred to in Article 1

EUR 1 = (average 1.6.2003 to 30.6.2003)

7,42485

9,11402

0,703188

Danish kroner (DKK)

Swedish kronor (SEK)

pounds sterling