CELEX: 31991R0474
Language: en
Date: 1991-03-04 00:00:00
Title: Commission Regulation (EEC) No 474/91 of 28 February 1991 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

4 . 3 . 91                                Official Journal of the European Communities                          No L 57/49
                                        COMMISSION REGULATION (EEC) No 474/91
                                                        of 28 February 1991
                 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
THE COMMISSION OF THE EUROPEAN                                       amended by Regulation (EEC) No 3237/90 (*), the rates
COMMUNITIES,                                                         used to fix or, where appropriate, adjust the monetary
Having regard to the Treaty establishing the European                compensatory amounts, from this time forth defined as
Economic Community,                                                 representative market rates, are to be used for the
                                                                    conversion into ecus of the amounts relating to world
Having regard to Council Regulation (EEC) No                        market data and expressed in the national currency of a
1677/85 of 11 June 1985 on monetary compensatory                     Member State ; whereas, pursuant to Article 2 (4) of
amounts in agriculture ('), as last amended by Regulation            Council Regulation (EEC) No 1676/85 ('), as last
(EEC) No 2205/90 (2), and in particular Article 9 (2)                amended by Regulation (EEC) No 2205 /90, those rates
thereof,                                                             are also to be used for the conversion of certain other
Whereas      the     monetary       compensatory      amounts        agricultural amounts ; whereas the rates in question
                                                                    should be fixed to make it easier to use them,
introduced by Regulation (EEC) No 1677/85 were fixed
by Commission Regulation (EEC) No 1207/90 (J), as
last amended by Regulation (EEC) No 473/91 (4), on                  HAS ADOPTED THIS REGULATION :
the basis of the central rates and, for certain Member
States, on the basis of the exchange rates referred to in                                      Article 1
Article 3 of Commission Regulation (EEC) No 3153/ 85
of 11 November 1985 laying down detailed rules for the              The representative market rates referred to in Article 3a
calculation of monetary compensatory amounts (5), as                of Regulation (EEC) No 3152/ 85, to be applied for
last amended by Regulation (EEC) No 3672/ 89 (6);                   certain amounts in the context of the common agri­
                                                                    cultural policy and used to fix or, where appropriate, to
Whereas, in accordance with Article 3a of Commission                 adjust the monetary compensatory amounts, shall be set
Regulation (EEC) No 3152/85 of 11 November 1985                     out in the Annex hereto.
laying down detailed rules for the application of Regu­
lation (EEC) No 1676/85 on the value of the unit of                                            Article 2
account and the conversion rates to be applied for the
purposes of the common agricultural policy (7), as last             This Regulation shall enter into force on 4 March 1991 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States .
                 Done at Brussels, 28 February 1991 .
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                   Member ofthe Commission
 l) OJ No L 164, 24. 6. 1985, p. 6.
 J) OJ No L 201 , 31 . 7 . 1990, p. 9.
 J) OJ No L 122 , 14. 5 . 1990, p. 1 .
 4) See page 1 of this Official Journal.
 s) OJ No L 310, 21 . 11 . 1985, p. 4.
 *) OJ No L 358, 8. 12. 1989, p. 28 .                                (•) OJ No L 310, 9. 11 . 1990, p. 18 .
 7) OJ No L 310, 21 . 11 . 1985, p. 1 .                              (') OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 57 /50                          Official Journal of the European Communities                               4 . 3 . 91
                                                              ANNEX
            Representative market rates to be applied for certain amounts in the context of the common agricul­
                  tural policy and, in particular, for the calculation of the monetary compensatory amounts
                                   100 Lit                   1 £                 1 £ Irl             1 ECU
              Bfrs/Lfrs            2,75661                60,5688               55,2545            48,5563
                Dkr                0,509801               11,2015               10,2186              8,97989
                DM                 0,133650                2,93659               2,67893             2,35418
                 FF                0,448246                9,84895               8,98480             7,89563
                  F1               0,150590                3,30878               3,01847             2,65256
                £ Irl              0,0498894               1,09618                 —
                                                                                                     0,878776
                   £               0,0455121                 —
                                                                                 0,912260            0,801672
                 Lit                 —
                                                      2 197,22               2 004,44           1 761,45
                 Dr               14,3005               314,215                286,645            251,897
                 Esc              11,7992               259,254                236,507            207,837
                 Pta               8,36209               183,733               167,613            147,294