CELEX: 31999R0758
Language: en
Date: 1999-04-12 00:00:00
Title: Commission Regulation (EC) No 758/1999 of 12 April 1999 fixing, for March 1999, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector

13. 4. 1999           EN                 Official Journal of the European Communities                                  L 98/13
                                   COMMISSION REGULATION (EC) No 758/1999
                                                       of 12 April 1999
                  fixing, for March 1999, the specific exchange rate for the amount of the reim-
                                     bursement of storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         result of the introduction of the agrimonetary arrange-
                                                                    ments for the euro from that date, the fixing of the
Having regard to the Treaty establishing the European
                                                                    conversion rate should be limited to the specific exchange
Community,
                                                                    rates prevailing between the euro and the national curren-
Having regard to Council Regulation (EEC) No 1785/81                cies of the Member States that have not adopted the
of 30 June 1981 on the common organisation of the                   single currency;
markets in the sugar sector (1), as last amended by Regula-
tion (EC) No 1148/98 (2),                                           Whereas application of these provisions will lead to the
                                                                    fixing, for March 1999, of the specific exchange rate for
Having regard to Council Regulation (EC) No 2799/98 of              the amount of the reimbursement of storage costs in the
15 December 1998 establishing agrimonetary arrange-                 various national currencies as indicated in the Annex to
ments for the euro (3),                                             this Regulation,
Having regard to Commission Regulation (EEC) No
1713/93 of 30 June 1993 establishing special detailed               HAS ADOPTED THIS REGULATION:
rules for applying the agricultural conversion rate in the
sugar sector (4), as last amended by Regulation (EC) No
624/1999 (5), and in particular Article 1(3) thereof,                                        Article 1
Whereas Article 1(2) of Regulation (EEC) No 1713/93                 The specific exchange rate to be used for converting the
provides that the amount of the reimbursement of storage            amount of the reimbursement of the storage costs referred
costs referred to in Article 8 of Regulation (EEC) No               to in Article 8 of Regulation (EEC) No 1785/81 into
1785/81 is to be converted into national currency using a           national currency for March 1999 shall be as indicated in
specific agricultural conversion rate equal to the average,         the Annex hereto.
calculated pro rata temporis, of the agricultural conver-
sion rates applicable during the month of storage; whereas                                   Article 2
that specific rate must be fixed each month for the                 This Regulation shall enter into force on 13 April 1999.
previous month; whereas, however, in the case of the
reimbursable amounts applying from 1 January 1999, as a             It shall apply with effect from 1 March 1999.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 12 April 1999.
                                                                               For the Commission
                                                                                  Franz FISCHLER
                                                                           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 349, 24.12.1998, p. 1.
(4) OJ L 159, 1.7.1993, p. 94.
(5) OJ L 78, 24.3.1999, p. 9.
 ---pagebreak--- L 98/14     EN               Official Journal of the European Communities                           13. 4. 1999
                                                  ANNEX
        to the Commission Regulation of 12 April 1999 fixing, for March 1999, the exchange rate for
                 the amount of the reimbursement of storage costs in the sugar sector
                                            Specific exchange rate
                       EUR 1 =      7,43246        Danish kroner
                                 322,244           Greek drachma
                                    8,93908        Swedish kroner
                                    0,671497       Pound sterling