CELEX: 31995R2249
Language: en
Date: 1995-09-25 00:00:00
Title: COMMISSION REGULATION (EC) No 2249/95 of 25 September 1995 fixing the agricultural conversion rates

No L 229 /8          EN                Official Journal of the European Communities                                  26 . 9 . 95
                                      COMMISSION REGULATION (EC) No 2249/95
                                                    of 25 September 1995
                                         fixing the agricultural conversion rates
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                      advance is to be adjusted if the gap between that rate and
 Having regard to the Treaty establishing the European            the agricultural conversion rate in force at the time of the
 Community,                                                       operative event applicable for the amount concerned
                                                                  exceeds four points ; whereas, in that event, the agricul­
 Having regard to Council Regulation (EEC) No 3813/92             tural conversion rate fixed in advance is brought more
 of 28 December 1992 on the unit of account and the
                                                                  closely into line with the rate in force, up to the level of a
 conversion rates to be applied for the purposes of the           gap of four points with that rate ; whereas the rate which
 common agricultural policy ('), as last amended by Regu­         replaces the agricultural conversion rate fixed in advance
 lation (EC) No 1 50/95 (2), and in particular Article 3 (1 )     should be specified,
 thereof,
 Whereas the agricultural conversion rates were fixed by
 Commission Regulation (EC) No 2190/95 (3) ;                      HAS ADOPTED THIS REGULATION :
Whereas Article 4 of Regulation (EEC) No 3813/92
                                                                                           Article 1
 provides that, subject to confirmation periods being trig­
gered, the agricultural conversion rate for a currency is to      The agricultural conversion rates are fixed in Annex I
be adjusted where the monetary gap between it and the             hereto.
 representative market rate exceeds certain levels ;
Whereas the representative market rates are determined                                     Article 2
 on the basis of basic reference periods or, where appli­
 cable, confirmation periods, established in accordance           In the case referred to in Article 15 (3) of Regulation
with Article 2 of Commission Regulation (EEC) No                  (EEC) No 1068/93, the agricultural conversion rate fixed
 1068/93 of 30 April 1993 on detailed rules for deter­            in advance shall be replaced by the ecu rate for the
 mining and applying the agricultural conversion rates (4),       currency concerned, shown in Annex II :
as last amended by Regulation (EC) No 1053/95 0 ;
                                                                  — Table A, where the latter rate is higher than the rate
whereas paragraph 2 of that Article provides that, in cases           fixed in advance,
where the absolute value of the difference between the
 monetary gaps in two Member States, calculated from the          — Table B, where the latter rate is lower than the rate
average of the ecu rates for three consecutive quotation              fixed in advance.
days, exceeds six points, the representative market rates
are to be adjusted on the basis of the three quotation days                                Article 3
in question ;
                                                                  Regulation (EC) No 2190/95 is hereby repealed.
Whereas, as a consequence of the exchange rates recorded
from 16 to 25 September 1995, it is necessary to fix a new
                                                                                           Article 4
agricultural conversion rate for the Greek drachma ;
Whereas Article 15 (2) of Regulation (EEC) No 1068/93             This Regulation shall enter into force on 26 September
provides that an agricultural conversion rate fixed in            1995.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 25 September 1995.
                                                                           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 220, 16. 9. 1995, p. 7.
(") OJ No L 108 , 1 . 5. 1993, p. 106.
(s) OJ No L 107, 12. 5. 1995, p. 4.
 ---pagebreak--- 26. 9 . 95    | EN 1             Official Journal of the European Communities                                    No L 229/9
                                                         ANNEX I
                                              Agricultural conversion rates
                                  ECU 1            39,5239   Belgian and
                                                             Luxembourg francs
                                                    7,49997  Danish kroner
                                                    1,90616  German marks
                                                  304,136    Greek drachmas
                                                  198,202    Portuguese escudos
                                                    6,61023  French francs
                                                    5,88000  Finnish marks
                                                    2,14021  Dutch guilders
                                                    0,829498 Irish punt
                                                2 164,34     Italian lire
                                                   13,4084   Austrian schillings
                                                  165,198    Spanish pesetas
                                                    9,63352  Swedish kroner
                                                    0,843954 Pound sterling
                                                         ANNEX II
                          Agricultural conversion rates fixed in advance and adjusted
                             Table A                                                    Table B
           ECU 1 =    38,0038      Belgian and                 ECU 1 =        41,1707        Belgian and
                                   Luxembourg francs                                         Luxembourg francs
                       7,21151     Danish kroner                                7,8 1 247    Danish kroner
                       1,83285     German marks                                 1,98558      German marks
                     292,438       Greek drachmas                            316,808         Greek drachmas
                     190,579       Portuguese escudos                        206,460         Portuguese escudos
                       6,35599     French francs                                6,88566      French francs
                       5,65385     Finnish marks                                6,12500      Finnish marks
                       2,05789     Dutch guilder;»                              2,22939      Dutch guilders
                       0,797594    Irish punt                                   0,864060     Irish punt
                   2 081,10        Italian lire                            2 254,52           Italian lire
                      12,8927      Austrian schillings                        13,9671        Austrian schillings
                     158,844       Spanish pesetas                           172,081         Spanish pesetas
                       9,26300     Swedish kroner                             1 0,0349        Swedish kroner
                       0,811494 Pound sterling                                  0,879119      Pound sterling