CELEX: 31997R1316
Language: en
Date: 1997-07-08 00:00:00
Title: COMMISSION REGULATION (EC) No 1316/97 of 8 July 1997 fixing, for June 1997, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

9 . 7. 97              EN                Official Journal of the European Communities                            No L 180/ 15
                                           COMMISSION REGULATION (EC) No 1316/97
                                                             of 8 July 1997
                     fixing, for June 1997, 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;
   Having regard to the Treaty establishing the European                whereas that specific rate must be fixed each month for
   Community,                                                           the previous month;
   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 June 1997, of the specific agricultural conver­
   markets in the sugar sector ('), as last amended by Regula­         sion rate for the amount of the reimbursement of storage
   tion (EC) No 1 599/96 (2),                                          costs in the various national currencies as indicated in the
                                                                       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 59/97 (6), and in particular Article 1 (3) thereof,               into each of the national currencies for June 1997 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 9 July 1997.
  using a specific agricultural conversion rate equal to the
  average, calculated pro rata temporis, of the agricultural          It shall apply with effect from 1 June 1997.
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States.
                    Done at Brussels, 8 July 1997.
                                                                                 For the Commission
                                                                                    Franz FISCHLER
                                                                             Member of the Commission
(')   OJ   No L 177, 1 . 7. 1981 , p. 4.
(2)   OJ   No L 206, 16. 8 . 1996, p. 43.
(-1)  OJ   No L 387, 31 . 12. 1992, p. 1 .
(4)   OJ   No L 22, 31 . 1 . 1995, p. 1 .
(5)   OJ   No L 159, 1 . 7. 1993, p. 94.
(«)   OJ   No L 14, 17. 1 . 1997, p. 25.
 ---pagebreak--- No L 180/ 16   MENU                Official Journal of the European Communities                           9 . 7. 97
                                                           ANNEX
             to the Commission Regulation of 8 July 1997 fixing, for June 1997, the specific agricultural
               conversion rate for the amount of the reimbursement of storage costs in the sugar sector
                                                  Agricultural conversion rates
                             ECU 1 =        40,4285          Belgian and Luxembourg francs
                                             7,49997         Danish kroner
                                             1,95929         German marks
                                           312,011           Greek drachmas
                                           165,571           Spanish pesetas
                                             6,61023         French francs
                                             0,759189        Irish punt
                                         1 973,93            Italian lire
                                             2,20397         Dutch guilders
                                            13,7910          Austrian schillings
                                           198,202           Portuguese escudos
                                             6,02811         Finnish marks
                                             8,88562         Swedish kroner
                                             0,723694        Pound sterling