CELEX: 31998R1567
Language: en
Date: 1998-07-20 00:00:00
Title: Commission Regulation (EC) No 1567/98 of 20 July 1998 fixing, for the 1997/98 marketing year, the specific agricultural conversion rate applicable to the minimum sugarbeet prices and the production levy and additional levy in the sugar sector

L 203/12              EN                  Official Journal of the European Communities                                 21. 7. 98
                                    COMMISSION REGULATION (EC) No 1567/98
                                                        of 20 July 1998
                  fixing, for the 1997/98 marketing year, the specific agricultural conversion rate
                  applicable to the minimum sugarbeet prices and the production levy and addi-
                                                tional levy in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          Whereas the application of these provisions results in the
                                                                     fixing, for the 1997/98 marketing year, of the specific
Having regard to the Treaty establishing the European                agricultural conversion rate for the conversion of
Community,                                                           minimum sugarbeet prices as well as the production levy
                                                                     and, where appropriate, additional levy into the various
                                                                     national currencies, as set out in the Annex to this Regu-
Having regard to Commission Regulation (EEC) No
                                                                     lation,
1713/93 of 30 June 1993 establishing special detailed
rules for applying the agricultural conversion rate in the
sugar sector (1), as last amended by Regulation (EC) No              HAS ADOPTED THIS REGULATION:
59/97 (2), and in particular Article 1 (3) thereof,
                                                                                              Article 1
Whereas Article 1 (1) of Regulation (EEC) No 1713/93
specifies that the minimum sugarbeet prices referred to in           The specific agricultural conversion rate to be used for
Article 5 of Council Regulation (EEC) No 1785/81 of 30               conversion of the minimum sugarbeet prices referred to
June 1981 on the common organization of the market in                in Article 5 of Regulation (EEC) No 1785/81 and the
the sugar sector (3), as last amended by Regulation (EC)             production levy and, where appropriate, additional levy
No 1148/98 (4), and the production levy and additional               referred to, respectively, in Articles 28 and 28a of that
levy referred to, respectively, in Articles 28 and 28a of that       Regulation, into each of the national currencies, shall be
Regulation shall be converted into national currency                 fixed, for the 1997/98 marketing year, as set out in the
using a specific agricultural conversion rate equal to the           Annex hereto.
average, calculated pro rata temporis, of the agricultural
conversion rates applicable during the marketing year in                                      Article 2
question; whereas that specific agricultural conversion rate         This Regulation shall enter into force on 21 July 1998.
must be fixed during the month following the end of the
marketing year in question;                                          It shall apply from 1 July 1997.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 20 July 1998.
                                                                                For the Commission
                                                                                  Franz FISCHLER
                                                                             Member of the Commission
(1) OJ L  159, 1. 7. 1993, p. 94.
(2) OJ L  14, 17. 1. 1997, p. 25.
(3) OJ L  177, 1. 7. 1981, p. 4.
(4) OJ L  159, 3. 6. 1998, p. 38.
 ---pagebreak--- 21. 7. 98     EN                 Official Journal of the European Communities                        L 203/13
                                                        ANNEX
          to the Commission Regulation of 20 July 1998 fixing, for the 1997/1998 marketing year, the
          specific agricultural conversion rate applicable to the minimum sugarbeet prices and the
                         production levies and the additional levy in the sugar sector
                                               Agricultural conversion rates
                          ECU 1 =      40,9112          Belgian and Luxembourg francs
                                        7,55003         Danish kroner
                                        1,98185         German marks
                                     322,674            Greek drachmas
                                     167,415            Spanish pesetas
                                        6,68473         French francs
                                        0,775692        Irish pound
                                   1 973,93             Italian lire
                                        2,23232         Dutch guilders
                                       13,9442          Austrian schillings
                                     201,304            Portuguese escudos
                                        6,02811         Finnish marks
                                        8,77482         Swedish kroner
                                        0,696270        Pound sterling