CELEX: 31995R1613
Language: en
Date: 1995-07-03 00:00:00
Title: COMMISSION REGULATION (EC) No 1613/95 of 3 July 1995 fixing the agricultural conversion rates

4. 7. 95               EN |                Official Journal of the European Communities                             No L 153 /25
                                    >    COMMISSION REGULATION (EC) No 1613/95
                                                           of 3 July 1995
                                            fixing the agricultural conversion rates
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          Whereas Article 15 (2) of Regulation (EEC) No 1068/93
                                                                     provides that an agricultural conversion rate fixed in
Having regard to the Treaty establishing the European                advance is to be adjusted if the gap between that rate and
Community,
                                                                     the agricultural conversion rate in force at the time of the
Having regard to Council Regulation (EEC) No 3813/92                 operative event applicable for the amount concerned
of 28 December 1992 on the unit of account and the                   exceeds four points ; whereas, in that event, the agricul­
conversion rates to be applied for the purposes of the               tural conversion rate fixed in advance is brought more
common agricultural policy ('), as last amended by Regu­             closely into line with the rate in force, up to the level of a
lation (EC) No 150/95 (2), and in particular Article 3 (1)           gap of four points with that rate ; whereas the rate which
thereof,                                                             replaces the agricultural conversion rate fixed in advance
                                                                     should be specified,
Whereas the agricultural conversion rates were fixed by
Commission Regulation (EC) No 1492/95 (3) ;
                                                                     HAS ADOPTED THIS REGULATION :
Whereas Article 4 of Regulation (EEC) No 3813/92
provides that, subject to confirmation periods being trig­                                     Article 1
gered, the agricultural conversion rate for a currency is to
be adjusted where the monetary gap between it and the                The agricultural conversion rates are fixed in Annex I
representative market rate exceeds certain levels ;                  hereto.
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 (*) ;
whereas paragraph 2 of that Article provides that, in cases          — Table A, where the latter rate is higher than the rate
where the absolute value of the difference between the                   fixed in advance,
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 1492/95 is hereby repealed.
Whereas, as a consequence of the exchange rates recorded
from 24 June to 3 July 1995, it is necessary to fix a new                                      Article 4
agricultural conversion rate for the pound sterling and the
Italian lira :                                                       This Regulation shall enter into force on 4 July 1995.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 3 July 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  145, 29. 6. 1995, p. 84.
(<) OJ No   L  108, 1 . 5. 1993, p. 106.
O   OJ No   L  107, 12. 5. 1995, p. 4.
 ---pagebreak--- No L 153/26   I EN                Official Journal of the European Communities                                 4. 7. 95
                                                         ANNEX I
                                              Agricultural conversion rates
                                  ECU 1 -         39,5239    Belgian and
                                                             Luxembourg francs
                                                   7,74166   Danish kroner
                                                   1,90616   German marks
                                                 302,837     Greek drachmas
                                                 198,202     Portuguese escudos
                                                   6,61023   French francs
                                                   5,88000   Finnish marks
                                                   2,14021   Dutch guilders
                                                   0,829498  Irish punt
                                               2 248,1 5     Italian lire
                                                  13,4084    Austrian schillings
                                                 170,165     Spanish pesetas
                                                   9,91834   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
                       7,44390    Danish kroner                                8,06423     Danish kroner
                       1,83285    German marks                                 1,98558     German marks
                    291,189       Greek drachmas                            315,455        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 guilders                                  2,22939     Dutch guilders
                       0,797594 Irish punt                                     0,864060    Irish punt
                   2161,68        Italian lire                            2 341,82         Italian lire
                      12,8927     Austrian schillings                         13,9671      Austrian schillings
                     163,620      Spanish pesetas                            177,255       Spanish pesetas
                       9,53687    Swedish kroner                              10,3316      Swedish kroner
                       0,811494 Pound sterling                                 0,879119 Pound sterling