CELEX: 31995R0092
Language: en
Date: 1995-01-20 00:00:00
Title: COMMISSION REGULATION (EC) No 92/95 of 20 January 1995 fixing the agricultural conversion rates

21 . 1 . 95                             Official Journal of the European Communities                                No L 15/5
                                       COMMISSION REGULATION (EC) No 92/95
                                                      of 20 January 1995
                                         fixing the agricultural conversion rates
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                       advance shall be adjusted if the gap between that rate and
Having regard to the Treaty establishing the European             the agricultural conversion rate in force at the time of the
Community,                                                        operative event applicable for the currency concerned
                                                                  exceeds four points ; whereas, in that event, the agricul­
Having regard to Council Regulation (EEC) No 3813/92              tural conversion rate fixed in advance is brought more
of 28 December 1992 on the unit of account and the
                                                                  closely into line with the rate in force, up to the level of a
conversion rates to be applied for the purposes of the            gap of four points with that rate ; whereas the rate which
common agricultural policy ('), as last amended by Regu­          replaces the agricultural conversion rate fixed in advance
lation (EC) No 3528/93 (2), and in particular Article 3 (1 )      should be specified,
thereof,
Whereas the agricultural conversion rates were fixed by           HAS ADOPTED THIS REGULATION :
Commission Regulation (EC) No 47/95 (3) ;
                                                                                            Article 1
Whereas Article 4 of Regulation (EEC) No 3813/92
provides that the agricultural conversion rate for a floating     The agricultural conversion rates are fixed in Annex I
currency is to be adjusted where the monetary gap                 hereto .
between it and the representative market rate exceeds
certain levels ; whereas, notwithstanding that Article 4,                                   Article 2
Article 4a of that Regulation applies until 31 December
1994 ; whereas Council Regulation (EC) No 331 1 /94 (4)           In the case referred to in Article 15 (3) of Regulation
extends these provisions until 31 January 1995 ;                  (EEC) No 1068/93, the agricultural conversion rate fixed
                                                                  in advance shall be replaced by the ecu rate for the
Whereas the representative market rates are determined            currency concerned, shown in Annex II :
on the basis of reference periods established in accord­
ance with Commission Regulation (EEC) No 1068/93 of               — Table A, where the latter rate is higher than the rate
30 April 1993 on detailed rules for determining and                   fixed in advance,
applying the agricultural conversion rates (*), as amended            or
by Regulation (EC) No 547/94 (6) ;
                                                                  — Table B, where the latter rate is lower than the rate
Whereas, as a consequence of the exchange rates recorded              fixed in advance .
during the reference period 11 to 20 January 1995, it is
necessary of the one part to fix the limits referred to in                                  Article 3
paragraphs 1 and 3 of Article 4a of Regulation (EEC)
No 3813/92 at + 4,126 and — 0,874 and of the other                Regulation (EC) No 47/95 is hereby repealed.
part to fix a new agricultural conversion rate for the
Italian lira, the Finnish mark and the Swedish krone ;                                      Article 4
Whereas Article 15 (3) of Regulation (EEC) No 1068/93             This Regulation shall enter into force on 21 January
provides that an agricultural conversion rate fixed in             1995 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 20 January 1995.
                                                                            For the Commission
                                                                              Rene STEICHEN
                                                                        Member of the Commission
(') OJ No L 387, 31 . 12. 1992, p. 1 .
(2) OJ No L 320, 22. 12. 1993, p. 32.
(<) OJ No L 9, 13 . 1 . 1995, p. 19.
(4) OJ No L 350 , 31 . 12. 1994, p. 1 .
0 OJ No L 108 , 1 . 5. 1993, p. 106.
(6) OJ No L 69, 12. 3 . 1994, p. 1 .
 ---pagebreak--- No L 15/ 6                         Official Journal of the European Communities                                   21 . 1 . 95
                                                          ANNEX I
                                               Agricultural conversion rates
                                   ECU 1 =         49,3070     Belgian and
                                                               Luxembourg francs
                                                     9,348 1 2 Danish kroner
                                                     2,35418   German marks
                                                  354,617      Greek drachmas
                                                  239,331      Portuguese escudos
                                                     7,98191   French francs
                                                     7,05174   Finnish marks
                                                     2,65256   Dutch guilders
                                                     0,976426  Irish punt
                                                2 406,19       Italian lire
                                                   1 6,5658    Austrian schillings
                                                  198,007      Spanish pesetas
                                                   11,1475     Swedish kroner
                                                     0,953575  Pound sterling
                                                         ANNEX II
                           Agricultural conversion rates fixed in advance and adjusted
                              Table A                                                    Table B
           ECU 1 =    47,4106      Belgian and                  ECU 1 =          51,3615      Belgian and
                                   Luxembourg francs                                          Luxembourg francs
                       8,98858     Danish kroner                                  9,73763     Danish kroner
                       2,26363     German marks                                   2,45227     German marks
                     340,978       Greek drachmas                               369,393       Greek drachmas
                     230,126       Portuguese escudos                           249,303       Portuguese escudos
                       7,67491     French francs                                  8,31449     French francs
                       6,78052     Finnish marks                                  7,34556     Finnish marks
                       2,55054     Dutch guilders                                 2,76308     Dutch guilders
                       0,938871    Irish punt                                     1,01711     Irish punt
                   2 313,64        Italian lire                             - 2 506,45        Italian lire
                      15,9287      Austrian schillings                           17,2560      Austrian schillings
                     190,391       Spanish pesetas                              206,257       Spanish pesetas
                      10,7188      Swedish kroner                                11,6120      Swedish kroner
                       0,916899    Pound sterling                                 0,993307    Pound sterling