CELEX: 31996R1553
Language: en
Date: 1996-08-01 00:00:00
Title: COMMISSION REGULATION (EC) No 1553/96 of 1 August 1996 fixing, for July 1996, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

2. 8 . 96             EN                  Official Journal of the European Communities                            No L 192/ 15
                                        COMMISSION REGULATION (EC) No 1553/96
                                                        of 1 August 1996
                  fixing, for July 1996, 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 July 1996, of the specific agricultural conver­
markets in the sugar sector (l), as last amended by                 sion rate for the amount of the reimbursement of storage
                                                                    costs in the various national currencies as indicated in the
Commission Regulation (EC) No 1 126/96 (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 (% as last amended by Regulation (EC)                  referred to in Article 8 of Regulation (EEC) No 1785/81
No 2926/94 (6), and in particular Article 1 (3) thereof,            into each of the national currencies for July 1996 shall 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 2 August 1996.
using a specific agricultural conversion rate equal to the
average, calculated pro rata temporis, of the agricultural           It shall apply with effect from 1 July 1996.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 1 August 1996.
                                                                              For the Commission
                                                                               Christos PAPOUTSIS
                                                                          Member of the Commission
(') OJ  No  L 177, 1 . 7. 1981 , p. 4.
(2) OJ  No  L 150, 25. 6. 1996, p. 3.
(3) OJ  No  L 387, 31 . 12. 1992, p. 1 .
(4) OJ  No  L 22, 31 . 1 . 1995, p. 1 .
j5) OJ No L 159, 1 . 7. 1993, p. 94.
 6 OJ No L 307, 1 . 12. 1994, p. 56.
 ---pagebreak--- No L 192/ 16     EN               Official Journal of the European Communities                        2. 8 . 96
                                                          ANNEX
             to the Commission Regulation of 1 August 1996 fixing, for July 1996, the specific
             agricultural conversion rate for the amount of the reimbursement of storage costs in the
                                                       sugar sector
                                                 Agricultural conversion rates
                            ECU 1 =        39,5239          Belgian and Luxembourg francs
                                            7,49997         Danish kroner
                                            1,91602         German marks
                                          311,761           Greek drachmas
                                          165,198           Spanish pesetas
                                            6,61023         French francs
                                            0,829498        Irish punt
                                        2 030,40            Italian lire
                                            2,14836         Dutch guilders
                                           13,4844          Austrian schillings
                                          198,202           Portuguese escudos
                                            6,02811         Finnish marks
                                            8,70120         Swedish kroner
                                            0,8338210       Pound sterling