CELEX: 31997R0124
Language: en
Date: 1997-01-23 00:00:00
Title: COMMISSION REGULATION (EC) No 124/97 of 23 January 1997 amending Regulation (EC) No 116/97 fixing the agricultural conversion rates

24. 1 . 97          EN                 Official Journal of the European Communities                            No L 22/21
                                      COMMISSION REGULATION (EC) No 124/97
                                                     of 23 January 1997
                amending Regulation (EC) No 116/97 fixing the agricultural conversion rates
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                      HAS ADOPTED THIS REGULATION :
Having regard to the Treaty establishing the European
Community,                                                                                Article 1
Having regard to Council Regulation (EEC) No 3813/92
of 28 December 1992 on the unit of account and the               The Annexes to Regulation (EC) No 116/97 are replaced
conversion rates to be applied for the purposes of the           by the Annexes to this Regulation .
common agricultural policy ('), as last amended by Regu­
lation (EC) No 1 50/95 (2), and in particular Articles 3 (2)
and 12 thereof,                                                                           Article 2
Whereas the agricultural conversion rates were fixed by
Commission Regulation (EC) No 116/97(3);                         This Regulation shall enter into force on 24 January
                                                                  1997 .
Whereas an error has been discovered in the Annex to
this Regulation; whereas the Regulation in question              At the request of the party concerned, shall apply form 23
should therefore be corrected:                                   January 1997.
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States .
                Done at Brussels, 23 January 1997.
                                                                          For the Commission
                                                                            Franz FISCHLER
                                                                       Member of the Commission
(') OJ No L 387, 31 . 12. 1992, p. 1 .
(2) OJ No L 22, 31 . 1 . 1995, p. 1 .
 3 OJ No L 20, 23. 1 . 1997, p. 32.
 ---pagebreak--- No L 22/22       EN                Official Journal of the European Communities                                 24. 1 . 97
                                                           ANNEX I
                                               Agricultural conversion rates
                                   ECU 1 =          40,2861    Belgian and
                                                               Luxembourg francs
                                                     7,49997   Danish kroner
                                                     1,95423   German marks
                                                   311,761     Greek drachmas
                                                   198,202     Portuguese escudos
                                                     6,61023   French francs
                                                     6,02811   Finnish marks
                                                     2,19514   Dutch guilders
                                                     0,778173  Irish punt
                                                 1 973,93      Italian lire
                                                    13,7482    Austrian schillings
                                                   165,198     Spanish pesetas
                                                     8,64446   Swedish kroner
                                                     0,768177  Pound sterling
                                                          ANNEX II
                            Agricultural conversion rates fixed in advance and adjusted
                              Table A                                                  Table B
           ECU 1 =     38,7366      Belgian and                ECU 1 =         41,9647      Belgian and
                                    Luxembourg francs                                       Luxembourg francs
                        7,21151     Danish kroner                               7,81247     Danish kroner
                        1,87907     German marks                                2,03566     German marks
                      299,770       Greek drachmas                            324,751       Greek drachmas
                      190,579       Portuguese escudos                        206,460       Portuguese escudos
                        6,35599     French francs                               6,88566     French francs
                        5,79626     Finnish marks                               6,27928     Finnish marks
                        2,11071     Dutch guilders                              2,28660     Dutch guilders
                        0,748243    Irish punt                                  0,810597    Irish punt
                    1 898,01        Italian lire                            2 056,18        Italian lire
                       13,2194      Austrian schillings                        14,3210      Austrian schillings
                      158,844       Spanish pesetas                           172,081       Spanish pesetas
                        8,31198     Swedish kroner                              9,00465     Swedish kroner
                        0,738632    Pound sterling                              0,800184    Pound sterling