CELEX: 31999R0315
Language: en
Date: 1999-02-11 00:00:00
Title: Commission Regulation (EC) No 315/1999 of 11 February 1999 fixing, for January 1999, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector

12. 2. 1999           EN                 Official Journal of the European Communities                                  L 38/39
                                   COMMISSION REGULATION (EC) No 315/1999
                                                     of 11 February 1999
                  fixing, for January 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,                         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-
                                                                    cies of the Member States that have not adopted the
Having regard to Council Regulation (EEC) No 1785/81                single currency;
of 30 June 1981 on the common organisation of the
markets in the sugar sector (1), as last amended by Regula-         Whereas application of these provisions will lead to the
tion (EC) No 1148/98 (2),                                           fixing, for January 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                                      Article 1
59/97 (5), and in particular Article 1(3) thereof,
                                                                    The specific exchange rate to be used for converting the
Whereas Article 1(2) of Regulation (EEC) No 1713/93
                                                                    amount of the reimbursement of the storage costs referred
provides that the amount of the reimbursement of storage
                                                                    to in Article 8 of Regulation (EEC) No 1785/81 into
costs referred to in Article 8 of Regulation (EEC) No
                                                                    national currency for January 1999 shall be as indicated
1785/81 is to be converted into national currency using a
                                                                    in the Annex hereto.
specific agricultural conversion rate equal to the average,
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 12 February
previous month; whereas, however, in the case of the                1999.
reimbursable amounts applying from 1 January 1999, as a
result of the introduction of the agrimonetary arrange-             It shall apply with effect from 1 January 1999.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 11 February 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  14, 17. 1. 1997, p. 25.
 ---pagebreak--- L 38/40     EN                Official Journal of the European Communities                      12. 2. 1999
                                                   ANNEX
        to the Commission Regulation of 11 February 1999 fixing, for January 1999, the exchange
             rate for the amount of the reimbursement of storage costs in the sugar sector
                                             Specific exchange rate
                        EUR 1 =      7,44223        Danish kroner
                                  323,999           Greek drachma
                                     9,13150        Swedish kroner
                                     0,703911       Pound sterling