CELEX: 31997R0611
Language: en
Date: 1997-04-07 00:00:00
Title: COMMISSION REGULATION (EC) No 611/97 of 7 April 1997 fixing, for March 1997, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

No L 93/ 18         EN                  Official Journal of the European Communities                                  8 . 4. 97
                                       COMMISSION REGULATION (EC) No 611/97
                                                       of 7 April 1997
                  fixing, for March 1997, the specific agricultural conversion rate for the amount
                               of the reimbursement of storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                       conversion rates applicable during the month of storage;
                                                                  whereas that specific rate must be fixed each month for
Having regard to the Treaty establishing the European             the previous month;
Community,
Having regard to Council Regulation (EEC) No 1785/81              Whereas application of these provisions will lead to the
of 30 June 1981 on the common organization of the                 fixing, for March 1997, of the specific agricultural conver­
markets in the sugar sector ('), as last amended by Regula­       sion rate for the amount of the reimbursement of storage
                                                                  costs in the various national currencies as indicated in the
tion (EC) No 1599/96 (2),
                                                                  Annex to this Regulation,
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 1 50/95 (4),                                                                 Article 1
Having    regard     to   Commission      Regulation   (EEC)
No 1713/93 of 30 July 1993 establishing special detailed          The specific agricultural conversion rate to be used to
rules for applying the agricultural conversion rate in the        convert the amount of the reimbursement of storage costs
sugar sector (5), as last amended by Regulation (EC)              referred to in Article 8 of Regulation (EEC) No 1785/81
                                                                  into each of the national currencies for March 1997 shall
No 59/97 (6), and in particular Article 1 (3) thereof,            be as indicated in the Annex hereto .
Whereas Article 1 (2) of Regulation (EEC) No 1713/93
provides that the amount of the reimbursement of storage                                    Article 2
costs referred to in Article 8 of Regulation (EEC)
No 1785/81 is to be converted into national currency              This Regulation shall enter into force on 8 April 1997.
using a specific agricultural conversion rate equal to the
average, calculated pro rata temporis, of the agricultural        It shall apply with effect from 1 March 1997.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                  Done at Brussels, 7 April 1997.
                                                                            For the Commission
                                                                              Franz FISCHLER
                                                                        Member of the Commission
 ') OJ No  L 177, 1 . 7. 1981 , p. 4.
 2  OJ No  L 206, 16. 8. 1996, p. 43.
 3) OJ No  L 387, 31 . 12. 1992, p. 1 .
 4  OJ No  L 22, 31 . 1 . 1995, p. 1 .
 5  OJ No  L  159, 1 . 7. 1993, p. 94.
 6) OJ No  L  14, 17. 1 . 1997, p. 25.
 ---pagebreak--- 8 . 4 . 97   I EN               Official Journal of the European Communities                        No L 93/ 19
                                                        ANNEX
           to the Commission Regulation of 7 April 1997 fixing, for March 1997, the specific
           agricultural conversion rate for the amount of the reimbursement of storage costs in the
                                                    sugar sector
                                              Agricultural conversion rates
                          ECU 1 =       40,3225          Belgian and Luxembourg francs
                                         7,49997         Danish kroner
                                         1,95431         German marks
                                       311,761           Greek drachmas
                                       165,538           Spanish pesetas
                                         6,61023         French francs
                                         0,776091        Irish punt
                                     1 973,93            Italian lire
                                         2,19749        Dutch guilders
                                        13,7528         Austrian schillings
                                       198,202          Portuguese escudos
                                         6,02811        Finnish marks
                                         8,75811        Swedish kroner
                                         0,765675       Pound sterling