CELEX: 31998R1810
Language: en
Date: 1998-08-19 00:00:00
Title: Commission Regulation (EC) No 1810/98 of 19 August 1998 fixing, for July 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector and repealing Regulation (EC) No 1546/98

L 233/12              EN                 Official Journal of the European Communities                                   20. 8. 98
                                    COMMISSION REGULATION (EC) No 1810/98
                                                      of 19 August 1998
                  fixing, for July 1998, the specific agricultural conversion rate for the amount of
                  the reimbursement of storage costs in the sugar sector and repealing Regulation
                                                       (EC) No 1546/98
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         Whereas application of these provisions will lead to the
                                                                    fixing, for July 1998, of the specific agricultural conver-
                                                                    sion rate for the amount of the reimbursement of storage
Having regard to the Treaty establishing the European
                                                                    costs in the various national currencies as indicated in the
Community,
                                                                    Annex to this Regulation;
Having regard to Council Regulation (EEC) No 1785/81                Whereas Commission Regulation (EC) No 1546/98 (7)
of 30 June 1981 on the common organisation of the                   fixed erroneously the specific agricultural conversion rate
markets in the sugar sector (1), as last amended by Regula-         for the amount of the reimbursement of storage costs in
tion (EC) No 1148/98 (2),                                           the sugar sector for July 1998; whereas the mistake is
                                                                    obvious; whereas Regulation (EC) No 1546/98 should be
                                                                    repealed,
Having regard to Council Regulation (EEC) No 3813/92
of 28 December 1992 on the unit of account and the
conversion rates to be applied for the purposes of the              HAS ADOPTED THIS REGULATION:
common agricultural policy (3), as last amended by Regu-
lation (EC) No 150/95 (4),
                                                                                               Article 1
Having regard to Commission Regulation (EEC) No                     The specific agricultural conversion rate to be used to
1713/93 of 30 June 1993 establishing special detailed               convert the amount of the reimbursement of storage costs
rules for applying the agricultural conversion rate in the          referred to in Article 8 of Regulation (EEC) No 1785/81
sugar sector (5), as last amended by Regulation (EC) No             into each of the national currencies for July 1998 shall be
59/97 (6), and in particular Article 1(3) thereof,                  as indicated in the Annex hereto.
Whereas Article 1(2) of Regulation (EEC) No 1713/93                                            Article 2
provides that the amount of the reimbursement of storage
costs referred to in Article 8 of Regulation (EEC) No               Regulation (EC) No 1546/98 is hereby repealed.
1785/81 is to be converted into national currency using a
specific agricultural conversion rate equal to the average,                                    Article 3
calculated pro rata temporis, of the agricultural conver-
sion rates applicable during the month of storage; whereas          This Regulation shall enter into force on 20 August 1998.
that specific rate must be fixed each month for the
previous month;                                                     It shall apply with effect from 1 July 1998.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 19 August 1998.
                                                                               For the Commission
                                                                                 Karel VAN MIERT
                                                                           Member of the Commission
(1) OJ L  177, 1. 7. 1981, p. 4.
(2) OJ L  159, 3. 6. 1998, p. 38.
(3) OJ L  387, 31. 12. 1992, p. 1.
(4) OJ L  22, 31. 1. 1995, p. 1.
(5) OJ L  159, 1. 7. 1993, p. 94.
(6) OJ L  14, 17. 1. 1997, p. 25.                                   (7) OJ L 202, 18. 7. 1998, p. 21.
 ---pagebreak--- 20. 8. 98     EN                Official Journal of the European Communities                       L 233/13
                                                       ANNEX
          to the Commission Regulation of 19 August 1998 fixing, for July 1998, the specific
          agricultural conversion rate for the amount of the reimbursement of storage costs in the
                                                    sugar sector
                                              Agricultural conversion rates
                         ECU 1 =      40,9321          Belgian and Luxembourg francs
                                       7,56225         Danish kroner
                                       1,98391         German marks
                                     345,664           Greek drachmas
                                     168,336           Spanish pesetas
                                       6,68769         French francs
                                       0,796521        Irish pound
                                   1 973,93            Italian lire
                                       2,23593         Dutch guilders
                                      13,9576          Austrian schillings
                                     203,183           Portuguese escudos
                                       6,02811         Finnish marks
                                       8,79309         Swedish kroner
                                       0,677353        Pound sterling