CELEX: 31988R0566
Language: en
Date: 1988-03-01 00:00:00
Title: Commission Regulation (EEC) No 566/88 of 29 February 1988 fixing the special rates for converting the free-at-frontier reference prices of imported liqueur wines into national currency

1 . 3. 88 .                              Official Journal of the European Communities                           No L 54/77
                                       COMMISSION REGULATION (EEC) No 566/88
                                                       of 29 February 1988
                   fixing die special rates for converting the free-at-frontier reference prices of
                                        imported liqueur wines into national currency
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        Whereas under the terms of Council Regulation (EEC)
                                                                    No 1677/85 of 11 June 1985 on monetary compensatory
                                                                    amounts in agriculture (") as last amended by Regulation
 Having regard to the Treaty establishing the European              (EEC) No 1889/87 (9), and in particular of Article 6 (1 )
 Economic Community,                                                thereof, the central rates and the market rates are to be
                                                                    multiplied by a corrective factor,
 Having regard to Council Regulation (EEC) No 822/87 of
yl 6 March 1987. on the common organization of the
 market in wine ('), as last amended by Regulation (EEC)            HAS ADOPTED THIS REGULATION :
 No 3992/87 (2),
                                                                                             Article 1
 Having regard to Council Regulation (EEC) No 1676/85
 of 11 June 1985 on the value of the unit of account and            The special rate referred to in Article la of Regulation
 the conversion rates to be applied for the purposes of the         (EEC) No 1393/76 shall be :
 common agricultural policy (3), as last amended by Regu­           (a) for the Belgian franc and the Luxembourg franc :
 lation (EEC) No 1636/87 (4) and in particular Article 2 (4)
 thereof,                                                                Bfrs/Lfrs 1 - 0,0207096 ECU
                                                                    (b) for the Danish krone :
 Having regard to Commission Regulation (EEC) No                         Dkr 1 - 0,111981 ECU
 1393/76 of 17 June 1976 laying down detailed rules for             (c) for the German mark :
 the importation of products in the wine-growing sector                  DM 1 = 0,427144 ECU
 originating in certain third countries (i), as last amended
 by Regulation (EEC) No 2135/84 (*), and in particular              (d) for the French franc :
 Article la (4) thereof,                                                 FF 1 - 0,127359 ECU
                                                                    (e) for the Irish pound
 Having regard to the opinion of the Monetary Committee,                 £Irl 1 = 1,14430 ECU
                                                                    (f) for the Dutch guilder : '
 Whereas, pursuant to Article la of Regulation (EEC) No                  F1 1 - 0,379097 ECU
 1393/76, special rates are used to convert the free-at­
 frontier reference prices for imported liqueur wines into          (g) for the pound sterling :
 national currency ; whereas the special rates applicable at             £ 1 - 1,28115 ECU
 present were fixed by Commission Regulation (EEC) No
 2600/87 f);                                                        (h) for the Italian Lira :
                                                                         Lit 100 = 0,0586408 ECU
 Whereas for the currencies of the Member States main­              (i) for the Greek drachma :
 tained at any given moment within a maximum spread of                   Dr 100 = 0,539708 ECU
 2,25% , the special rate is the conversion rate resulting
 from the central rate ; whereas, for the other currencies,         (j) for the Spanish peseta :
 the special rate for the period 1 March to 31 August 1988               Pta 100 = 0,630831 ECU.
 is equal to the conversion rate in relation to all the
 currencies of the Member States maintained at any given
                                                                                              Article 2
 moment with a maximum spread of 2,25 % resulting
 from the average rate taken into consideration for the
 purposes of calculating the monetary amounts valid on 1             Regulation (EEC) No 2600/87 is hereby repealed.
 February 1988 ;
                                                                                             Article 3
(')  OJ  No  L 84, 27. 3. 1987, p. 1 .
0    OJ  No  L 377, 31 . 12. 1987, p. 20.                           This Regulation shall enter into force on the 1 March
(3)  OJ No   L 164, 24. 6. 1985, p. 1 .                              1988 .
0    OJ  No  L U3, 13. 6. 1987, p. 1 .
0    OJ  No  L 157, 18. 6. 1976, p. 20.
0    OJ  No  L 196, 26. 7. 1984, p. 21 .                            (») OJ No L 164, 24. 6. 1985, p. 6.
0    OJ  No  L 245, 28. 8. 1987, p. 29.                             O OJ No L 182, 3. 7. 1987, p. 1 .
 ---pagebreak--- No L 54/78                    Official Journal of the European Communities                        1 . 3. 88
           This Regulation shall be binding in its entirety and directly applicable in all Member
           States.
           Done at Brussels, 29 February 1988.
                                                                  For the Commission
                                                                   Frans ANDRIESSEN
                                                                      Vice-President