CELEX: 31992R2929
Language: en
Date: 1992-10-12 00:00:00
Title: Commission Regulation (EEC) No 2929/92 of 8 October 1992 fixing the representative market rates to be applied for certain amounts in the context of the common agricultural policy and, in particular, for the calculation of the monetary compensatory amounts and the agricultural conversion rates for the pigmeat sector in Italy and the United Kingdom

12 . 10 . 92                                  Official Journal of the European Communities                            No L 295 /49
                                             COMMISSION REGULATION (EEC) No 2929/92
                     /                                        of 8 October 1992
                     fixing the representative market rates to be applied for certain amounts in the context of
                     the common agricultural policy and, in particular, for the calculation of the monetary
                     compensatory amounts and the agricultural conversion rates for the pigmeat sector in
                                                        Italy and the United Kingdom
THE COMMISSION OF THE EUROPEAN                                            Member State ; whereas, pursuant to Article 6a of Regu­
COMMUNITIES,                                                              lation (EEC) No 1677/85 and without prejudice to
                                                                          Article 7 (2) of Commission Regulation (EEC) No
                                                                          3578/88 of 17 November 1988 laying down detailed
                                                                          rules for the application of the system for the automatic
Having regard to the Treaty establishing the European                     dismantlement of negative monetary compensatory
Economic Community,                                                       amounts ('), as last amended by Regulation (EEC) No
                                                                          3137/91 (10), those rates are to be the agricultural
                                                                          conversion rates applying to pigmeat; whereas, pursuant
                                                                          to Article 2 (4) of Council Regulation (EEC) No
Having regard to Council Regulation (EEC) No                               1676/85 (u), as last amended by Regulation (EEC) No
 1677/ 85 of 11 June 1985 on monetary compensatory                        2205/90, those rates are also to be used for the
amounts in agriculture (*), as last amended by Regu­                      conversion of certain other agricultural amounts ;
lation (EEC) No 2205/90 (2), and in particular                            whereas the rates in question should be fixed to make it
Article 9 (2) thereof,                                                    easier to use them,
                                                                          HAS ADOPTED THIS REGULATION :
Whereas the monetary compensatory amounts
introduced by Regulation (EEC) No 1677/85 were fixed
by Commission Regulation (EEC) No 1641 /91 (J), as
last amended by Regulation (EEC) No 2928/92 (4), on                                                Article 1
the basis of the central rates and, for certain Member
States, on the basis of the exchange rates referred to in                 The representative market rates referred to in Article 3a
Article 3 of Commission Regulation (EEC) No 3153/85                       of Regulation (EEC) No 3152/85, to be applied for
of 11 November 1985 laying down detailed rules for the                    certain amounts in the context of the common agri­
calculation of monetary compensatory amounts ('), as                      cultural policy and used to fix or, where appropriate, to
last amended by Regulation (EEC) No 3672/ 89 (6);                         adjust the monetary compensatory amounts, are set out
                                                                          in the Annex hereto.
Whereas, in accordance with Article 3a of Commission                                               Article 2
Regulation (EEC) No 3152/85 of 11 November 1985
laying down detailed rules for the application of Regu­                   The agricultural conversion rates for the pigmeat sector
lation (EEC) No 1676/85 on the value of the unit of                       is fixed :
account and the conversion rates to be applied for the
purposes of the common agricultural policy (7)> as last
amended by Regulation (EEC) No 3237/90 ('), the                           — in Italy at ECU 1 = 1 931,48 Italian lira,
rates used to fix or, where appropriate, adjust the
monetary compensatory amounts, from this time forth                       — in the United Kingdom at ECU 1 = 0,874575 pound
defined as representative market rates, are to be used for                     sterling.
the conversion into ecus of the amounts relating to world
market data and expressed in the national currency of a
                                                                                                   Article 3
 ') OJ No L 164, 24. 6 . 1985, p. 6 .
 2) OJ No L 201 , 31 . 7. 1990, p. 9.                                     This Regulation shall enter into force on 12 October
                                                                          1992 .
 3) OJ No L 153, 17. 6 . 1991 , p. 1 .
 4) See page 1 of this Official Journal.
 s)  OJ  No   L 310,   21 . 11 . 1985, p. 4.
 4)  OJ  No   L 358,   8 . 12. 1989, p. 28 .                               O OJ No L 312, 18. 11 . 1988 , p. 16.
 ')  OJ  No   L 310,   21 . 11 . 1985, p. 1 .                             H OJ No L 297, 29. 10. 1991 , p. 17.
 »)  OJ  No   L 310,   9. 11 . 1990, p. 18 .                              (") OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 295 /50                     Official Journal of the European Communities                       12. 10 . 92
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States .
             Done at Brussels, 8 October 1992.
                                                                            For the Commission
                                                                             Ray MAC SHARRY
                                                                         Member ofthe Commission
 ---pagebreak--- 12 . 10 . 92                        Official Journal of the European Communities                              No L 295/ 51
                                                           ANNEX
             Conversion rates used for the calculation of monetary compensatory amounts and to be applied for
                                          certain amounts in the agricultural sector
                                  100 Lit                 1 £                  1 £ Irl         1 ECU
               Bfrs/Lfrs          2,38384              52,4150               55,2545          48,5563
                 Dkr              0,440863              9,69351              10,2186           8,97989
                 DM               0,115577              2,54126               2,67893          2,35418
                  FF              0,387632              8,52308                8,98480         7,89563
                   F1             0,130226              2,86335                3,01847         2,65256
                 £ Irl            0,0431430             0,948611                 —             0,878776
                   £              0,0454802               —                    1,05417         0,926382
                  Lit               —               2 198,76              2 317,87         2 036,89
                  Dr             14,4068              316,771               333,932          293,451
                  Esc            10,0275              220,481               232,426          204,250
                  Pta             7,81333             171,796               181,103          159,149