CELEX: 31990R1475
Language: en
Date: 1990-06-01 00:00:00
Title: Commission Regulation (EEC) No 1475/90 of 31 May 1990 fixing the amount of the subsidy on oil seeds

No L 140 /56                               Official Journal of the European Communities                                  1 . 6. 90
                                     COMMISSION REGULATION (EEC) No 1475/90
                                                           of 31 May 1990
                                         fixing the amount of the subsidy on oil seeds
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          marketing years ; whereas the coefficients of equivalence
                                                                     applied to the prices of sunflower seed from third coun­
Having regard to the Treaty establishing the European                tries have been fixed by Commission Regulation No
Economic Community,                                                  225/67/EEC (n), as last amended by Regulation (EEC) No
Having regard to the Act of Accession of Spain and                   2869/87 (> 2) ;
Portugal,
                                                                     Whereas the target price fixed by the Council is to be
Having regard to Council Regulation No 136/66/EEC of                 reduced in accordance with Article 2 of Commission
22 September 1966 on the establishment of a common                   Regulation (EEC) No 784/90 of 29 March 1990 fixing the
organization of the market in oils and fats ('), as last             reducing coefficient for agricultural prices in the 1990/91
amended by Regulation (EEC) No 2902/89 (2), and in                   marketing year as a result of the monetary realignment of
particular Article 27 (4) thereof,                                    5 January 1990 and amending the prices and amounts
Having regard        to    Council     Regulation    (EEC)   No       fixed in ecus for that marketing year ('?) ;
1 678/85 (3) fixing the conversion rates to be applied in
agriculture, as last amended by Regulation (EEC) No                  Whereas the abatement of the subsidy for colza and rape
1 1 79/90 0,                                                         seed which arises from the system of maximum guaran­
Having regard to Council Regulation (EEC) No 1569/72                  teed quantities for the 1989/90 marketing year has been
of 20 July 1972 laying down special measures for colza,               fixed by Commission Regulation (EEC) No 2625/89 (14) ;
rape and sunflower seed (*), as last amended by Regulation
(EEC) No 2216/88 (6), and in particular Article 2 (3)                Whereas the abatement of the subsidy for sunflower seed
thereof,                                                             which arises, where appropriate, from the system of
                                                                      maximum guaranteed quantities for the 1989/90 marke­
Having regard to the opinion of the Monetary Committee,               ting year, has been fixed by Commission Regulation
Whereas Article 27 of Regulation No 136/66/EEC                       (EEC) No 2957/89 (15) ;
provides that a subsidy should be granted in respect of oil
seeds harvested and processed within the Community                   Whereas the abatement of the subsidy which arises, where
when the target price for a species of seed is higher than            appropriate, from the ystem of maximum guaranteed
the price on the world market ; whereas these provisions              quantities for the 1990/91 marketing year, has not yet
at present apply only in respect of colza, rape and                   been fixed ; whereas the amount of the subsidy for the
sunflower seeds ;                                                     1990/91 marketing year has been calculated provisionally
                                                                      on the basis of the abatement for the 1989/90 marketing
Whereas the subsidy on oil seeds should, theoretically, be           year ;
equal to the difference between those two prices ;
Whereas the target price and the monthly increases in the             Whereas Article 29 of Regulation No 136/66/EEC
target price for colza, rape and sunflower seed for the               provides that the world market price, calculated for a
1989/90 marketing year were fixed by Council Regula­                  Community frontier crossing point, is to be determined
tions (EEC) No 1228/89 0 and (EEC) No 1229/89 (8) ;                   on the basis of the most favourable purchasing opportuni­
                                                                      ties, quotations being adjusted where necessary to take
Whereas the target price and the monthly increases in the             account of -quotations for competing products ;
target price for colza, rape and sunflower seed for the
 1990/91 marketing year were fixed by Council Regula­
tions (EEC) No 1317/90 f) and (EEC) No 1318/90 (10) ;                 Whereas Article 4 of Council Regulation No 1 1 5/67/EEC
                                                                      of 6 June 1967 laying down criteria for determining
Whereas a supplement to the target price for 'double zero'            world market prices for oil seeds and fixing the frontier
colza and rape seed was fixed in Regulation (EEC) No                  crossing point (16), as last amended by Regulation (EEC)
 1228/89 for the 1989/90 marketing year and by Regula­                No 1983/82 (17), fixed the said crossing point at
tion (EEC) No 1317/90 for the 1990/91 marketing year ;                Rotterdam ; whereas Article 1 of that Regulation provides
                                                                      that when the world market price is being determined
Whereas the standard quality for sunflower seed has been              account should be taken of all offers on the world market
maintained by the Council for the 1989/90 and 1990/91                 known to the Commission and of quotations on those
                                                                      exchanges which are significant for international trade ;
(') OJ  No  172, 30. 9. 1 966, p. 3025/66.                            whereas Article 2 of Regulation No 225/67/EEC provides
(2) OJ  No  L 280, 29 . 9 . 1989, p. 2.
(3) OJ  No  L 164, 24.  6. 1985,  p. 11 .
(4) OJ  No  L 119, 11 . 5. 1990,  p. 1 .                              (") OJ No 136, 30 . 6. 1967, p. 2919/67.
Is) OJ No L 167, 25. 7. 1972, p. 9.                                   ('j OJ No L 273, 26. 9. 1987, p. 16.
(j OJ No L 197, 26. 7. 1988, p. 10.                                   H    OJ No  L 83, 30 . 3 . 1990, p. 102.
O OJ No L 128, 11 . 5. 1989, p. 20 .                                  H    OJ No  L 254, 31 . 8. 1989, p. 9 .
(8) OJ No L 128, 11 . 5. 1989, p. 22.                                 (,s) OJ No  L 281 , 30. 9. 1989, p. 91 .
0 OJ No L 132, 23. 5. 1990, p. 9.                                     H    OJ No  111 , 10 . 6. 1967, p. 2196/67.
(10) OJ No L 132, 23. 5. 1990, p. 11 .                                (17) OJ No  L 215, 23. 7. 1982, p. 6.
 ---pagebreak--- 1 . 6. 90                              Official Journal of the European Communities                            No L 140/57
that offers and quotations which do not relate to ship­          Whereas Article 3 of Regulation No 1 1 5/67/EEC provides
ments to be effected within 30 days following the date on        that, where no offer or quotation can be used as a basis
which the world market price is determined should be             for determining the world market price and where it is,
disregarded ; whereas offers and quotations which the            moreover, impossible to establish the value of the oil or
Commission believes, in view of general price movements          oil cake processed from such seed, the world market price
or information available to it, not to be representative of      should be determined on the basis of the most recent
the real trend of the market must also be disregarded ;          known value for oil or oil cake, adjusted to take account
whereas offers and quotations relating to quantities of less     of the trend of world prices for competing products by
than 500 tonnes and offers relating to seed of a quality         applying to that value the rules set out in Article 2 of
other than that normally acceptable on the world market          Regulation No 1 1 5/67/EEC ; whereas Article 7 of Regula­
must also be disregarded ;                                       tion No 225/67/EEC defines competing products as those
                                                                 oils or oil cakes, as the case may be, which appear to have
                                                                 been offered in the largest quantities on the world market
Whereas Article 3 of Regulation No 225/67/EEC provides           during the period under consideration ;
that of the offers and quotations taken into consideration,
those for delivery c and f should be increased by 0,2 % ;
whereas offers and quotations for delivery fas, fob or
otherwise should be increased, as appropriate, by loading,       Whereas, under Article 6 of Regulation No 11 5/67/EEC,
transport and insurance costs from the point of shipment         the price determined for colza, rape and sunflower seeds
or loading to the frontier crossing point ; whereas cif          must also be adjusted by an amount not exceeding the
offers and quotations for frontier crossing points other         margin, as calculated in accordance with that Article,
than Rotterdam should be adjusted to allow for the diffe­        where that margin may affect the normal disposal of seeds
rence in transport and insurance costs as compared with a        harvested in the Community ;
product delivered cif Rotterdam ; whereas the Commis­
sion should take account only of the loading, transport
and insurance costs which to its knowledge are the               Whereas Council Regulation (EEC) No 1594/83 of 14
lowest ; whereas, finally, offers and quotations for delivery    June 1983 on the subsidy for oil seeds ('), as last amended
cif Rotterdam should be increased by ECU 0,242 ;                 by Regulation (EEC) No 1321 /90 (2), laid down rules for
                                                                 granting the subsidy on oil seeds ; whereas, under that
Whereas Article 5 of Regulation No 11 5/67/EEC provides           Regulation, where the subsidy to be granted is fixed in
that the world market price should be determined for              advance, the amount of such subsidy must be equal to the
seed of the standard quality for which the target price has       amount applicable on the day on which the application
been fixed, delivered in bulk ;                                   for advance fixing was lodged, adjusted by the difference
                                                                 between the target price valid on that day and the target
                                                                  price valid on the day on which the seeds are placed
Whereas Article 3 of Regulation No 225/67/EEC provides            under control at an oil or feed mill and, where appro­
that offers and quotations relating to products presented         priate, a corrective amount ; whereas Article 35 of
otherwise than in bulk should be adjusted by deducting            Commission Regulation (EEC) No 2681 /83 of 21
the additional value resulting from that presentation ;           September 1983 laying down detailed rules for the appli­
whereas offers and quotations relating to a quality other         cation of the subsidy system for oil seeds (3), as last
than the standard quality for which the target price was          amended by Regulation (EEC) No 534/90 (4), provides
fixed should be adjusted on the basis of the coefficients of      that such adjustment should involve increasing or redu­
equivalence shown in the Annex to that Regulation ;               cing the amount of subsidy applicable on the day on
whereas, in the case of offers on the world market for           which the application was lodged by the . corrective
qualities of colza and rape seed other than those listed in       amount and the difference between the target prices
that Annex, coefficients of equivalence derived from those        mentioned in Article 35 of Regulation (EEC) No
listed in that Annex may, pursuant to Article 4 of Regula­        2681 /83 :
tion No 225/67/EEC, be applied ; whereas, when derived
coefficients are being calculated, account must be taken of
the differences between prices for the qualities of seed in
question and prices for the qualities listed in that Annex,      Whereas Article 37 of Regulation (EEC) No 2681 /83
and of the characteristics of these various seeds ;               provides that the corrective amount must be equal to the
                                                                  difference between the world market price for colza, rape
                                                                  and sunflower seeds and the forward price for those seeds
Whereas Article 2 of Regulation No 1 1 5/67/EEC provides         valid for a shipment effected during the month in which
that, where no offer or quotation can be used as a basis          the seeds were placed under control at an oil mill, those
for determining the world market price, that price should         prices being determined in accordance with Articles 1 , 4
be determined on the basis of the value of the average            and 5 of Regulation No 11 5/67/EEC ; whereas, if no offer
quantities of oil and oil cake resulting from the proces­         and no price can be used for such determination, the
sing of 100 kilograms of seed within the Community less           method of calculation provided for in Article 37 of Regu­
 an amount corresponding to the cost of processing these          lation (EEC) No 2681 /83 should be used ; whereas the
 seeds into oil and oil cake ; whereas the quantities and         abovementioned difference may be adjusted in accordance
 costs to be taken into consideration for the purposes of
 the calculation are fixed in Article 5 of Regulation No
 225/67/EEC ; whereas the value of those quantities should        (') OJ No  L  163, 22.  6. 1983, p. 44.
                                                                  (2) OJ No  L  132, 23 . 5. 1990 , p. 15.
be determined in accordance with Article          6 of that       0   OJ No  L 266, 28 .  9. 1983 , p. 1 .
 Regulation ;                                                     0   OJ No  L  55, 2. 3.  1990, p. 8.
 ---pagebreak--- No L 140/58                             Official Journal of the European Communities                                   1 . 6. 90
with Article 38 of Regulation (EEC) No 2681 /83, account                   central rate of each of the currencies of the
being taken of the prices of the main competing cereals ;                  Member States referred to in (a), and
                                                                       -r- the spot market rate for the currency of the
                                                                           Member State in question in relation to each of
Whereas the aid for colza, rape or sunflower seed                          the currencies of the Member States referred to in
harvested or processed in Spain or Portugal is to be                       (a), as recorded over a period to be determined ;
advised as provided for in Council Regulation (EEC) No
478/86 (') ; whereas pursuant to Article 95 (2) and 293 (2)
of the Act of Accession this aid is to be introduced at the       Whereas Regulation (EEC) No 1813/84 specifies the spot
beginning of the 1986/87 marketing year for seed                  and forward exchange rates and the period to be used for
harvested in these two Member States :                            calculating the differential amounts ; whereas in cases
                                                                  where, for one or more months, quotations of forward
                                                                  exchange rates are not available, the rates adopted for the
Whereas, in Article 14 of Council Regulation (EEC) No             previous months or the following months, as the case may
                                                                  be, must be used ;
475/86 of 25 February 1986 laying down general rules for
the mechanism for controlling the prices and the quanti­
ties of certain products in the oils and fats sector released     Whereas the subsidy should be fixed whenever the
for consumption in Spain (2), as last amended by Regula­           market situation makes it necessary and in such a way as
tion (EEC) No 387/90 (3), provision is made for the gran­          to ensure its being applied at least once a week ; whereas
ting of compensatory aid, subject to certain conditions ;          the subsidy may be altered whenever it becomes obvious
whereas compensatory aid should be fixed for sunflower             that such alteration is necessary ;
seeds harvested in Spain ;
                                                                  Whereas it follows from applying these provisions to the
                                                                   offers and quotations known to the Commission that,
Whereas Council Regulation (EEC) No 1920/87 (4),                   pursuant to Article 33 of Regulation (EEC) No 2681 /83
provides for the granting of a special subsidy for                 the amount of the subsidy in ecus and the amount of the
sunflower seed harvested and processed in Portugal ;               subsidy in each of the national currencies must be fixed
whereas the amount of this subsidy should be fixed ;               in accordance with the Annex to this Regulation ;
                                                                   whereas, pursuant to the same Article, the spot and
                                                                   forward exchange rates for the ecu in national currencies
Whereas Article 33 of Regulation (EEC) No 2681 /83                 determined in accordance with Article 4 of Regulation
provides for the publication of the amount of the final            (EEC) No 1813/84 must also be published,
subsidy obtained from the conversion into each of the
national currencies of the amount in ecus resulting from
the calculation referred to above plus or minus the diffe­
rential amount ; whereas Article 1 of Commission Regula­           HAS ADOPTED THIS REGULATION :
tion (EEC) No 1813/84 0, as last amended by Regulation
(EEC) No 431 /89 (®), defined the elements which deter­
mine the differential amounts ; whereas these elements
are equal to the incidence on the target price less percen­                                   Article 1
tage referred to in Article 5, paragraph 1 of the said regu­
lation or the subsidy of the coefficient derived from the           1 . The amounts of the subsidy and the exchange rates
percentage referred to in Article 2 (1 ) of Regulation (EEC)       referred to in Article 33 (2) and (3) of Regulation (EEC)
No 1569/72 ; whereas, according to these provisions, this          No 2681 /83 shall be as set out in the Annexes hereto .
percentage represents :
                                                                   2. The amount of the compensatory aid referred to in
(a) for those Member States whose currencies are main­             Article 14 of Regulation (EEC) No 475/86 shall be as
     tained as between themselves within a spread at any           shown in Annex III to this Regulation for sunflower seed
     given moment of 2,25 %, the difference between :              harvested in Spain.
     — the conversion        rate used under the common
                                                                   3. The amount of the special subsidy provided
         agricultural policy, and                                  for by Regulation (EEC) 1920/87 for sunflower seed
     — the conversion rate resulting from the central rate ;       harvested and processed in Portugal is fixed in Annex III.
(b) for the other Member States, the difference between :          4. However, the amount of the subsidy in the case of
                                                                   advance fixing for the 1990/91 marketing year for colza,
     — the relationship between the conversion rate used           rape and sunflower will be confirmed or replaced as from
         under the common agricultural policy for the               1 June 1990 to take into account the application of the
         currency of the Member State concerned and the            system of maximum guaranteed quantities for colza and
                                                                   rape seed for the 1990/91 marketing year.
(') OJ  No  L  53, 1 . 3. 1986, p. 55.
(2) OJ  No  L  53, 1 . 3. 1986, p. 47.
(3) OJ  No  L  42, 16. 2. 1990, p. 8 .                                                        Article 2
(4) OJ  No  L  183, 3. 7. 1987, p. 18 .
O   OJ  No  L  170, 29. 6. 1984, p. 41
(«) OJ  No  L  50, 22. 2. 1989, p. 7 .                             This Regulation shall enter into force on 1 June 1990.
 ---pagebreak---      1 . 6. 90                                   Official Journal of the European Communities                                       No L 140/ 59
                         This Regulation shall be binding in its entirety and directly applicable in all Member
                         States.
                         Done at Brussels, 31 May 1990 .
                                                                                           For the Commission
                                                                                             Ray MAC SHARRY
                                                                                      Member of the Commission
                                                                      ANNEX I
                                              Aids to colza and rape seed other than 'double zero'
                                                                                                                                   (amounts per 100 kg)
                                                       Current      1st period        2nd period       3rd period       4th period       5th period
                                                          6             7 (')             8 (')            9 (')           10 o             no
1 . Gross aids (ECU):
    — Spain                                                1,170          1,750              1,750           1,750            1,750            1,750
    — Portugal                                             0,000          0,000             0,000            0,000           0,000            0,000
    — Other Member States                                28,049          20,000            20,000           20,000          20,000           20,000
2. Final aids :                                                                                                      I
    (a) Seed harvested and processed in :
         — Federal Republic of Germany
            (DM)                                         66,46          46,82              46,82           46,84            46,84            47,03
         — Netherlands (Fl)                              73,99           52,76             52,76            52,78           52,78            53,01
         — BLEU (Bfrs/Lfrs)                           1 354,40         965,74            965,74           965,74           965,74           965,74
         — France (FF)                                  214,13         157,04            157,04           157,04           157,04           157,04
         — Denmark (Dkr)                                250,48         178,60            178,60           178,60           178,60           178,60
         — Ireland (£ Irl)                               23,833          17,478            17,478           17,478          17,478           17,469
         — United Kingdom (£)                            18,326          14,731            14,695           14,645          14,645           14,493
         — Italy (Lit)                               47 084        35 033             35 033           35 033           35 033           34 990
         — Greece (Dr)                                4 936,97      4 070,53           4 018,93         3 963,04         3 963,04         3 818,54
    (b) Seed     harvested    in   Spain    and
         processed :
         — in Spain (Pta)                               178,89         267,57            267,57           267,57           267,57           267,57
         — in another Member State (Pta)              4 023,45       2 928,51          2 924,27         2 915,26         2 915,26         2 891,10
    (c) Seed harvested in Portugal and
         processed :
         — in Portugal (Esc)                               0,00           0,00              0,00             0,00            0,00              0,00
         — in another Member State (Esc)              5 801,27      4 427,70           4 412,46         4 392,36         4 392,36         4 333,68
(') Subject to the abatement resulting from the system of maximum guaranteed quantities for the 1990/91 marketing year.
 ---pagebreak---  No L 140/60                                      Official Journal of the European Communities                                                   1 . - 6. 90
                                                                      ANNEX II
                                                       Aids to colza and rape seed 'double zero'
                                                                                                                                     (amounts per 100 kg)
I                                                        Current
                                                            6
                                                                      1st period
                                                                          70
                                                                                       2nd period
                                                                                            8 (')
                                                                                                         3rd period
                                                                                                             9 0)
                                                                                                                          4th period
                                                                                                                             10 o
                                                                                                                                           5th period
                                                                                                                                               11 (1)
  1 . Gross aids (ECU):                                            \
      — Spain                                                3,670          4,250             4,250            4,250           4,250              4,250
      — Portugal                                             2,500          2,500             2,500            2,500            2,500              2,500
      — Other Member States                                30,549         22,500             22,500           22,500          22,500            22,500
  2. Final aids :                                                  \
      (a) Seed harvested and processed in :        I               I               I
          — Federal Republic of Germany            I               \               \                  \                \
              (DM)                                         72,36          52,68              52,68            52,70           52,70              52,88
          — Netherlands (Fl)                               80,58          59,35              59,35            59,37           59,37              59,60
          — BLEU (Bfrs/Lfrs)                            1 475,12       1 086,46          1 086,46         1 086,46         1 086,46          1 086,46
          — France (FF)                                   233,38         176,67            176,67           176,67           176,67            176,67
          — Denmark (Dkr)                                 272,80         200,93            200,93           200,93           200,93            200,93
          — Ireland (£ Irl)                                25,975          19,663            19,663           19,663          19,663             19,653
          — United Kingdom (£)                             20,087          16,680            16,644           16,594          16,594             16,441
          — Italy (Lit)                                51 334        39 413            39 413            39 413           39 413           39 369
          — Greece (Dr)                                 5 416,91       4 613,88          4 562,29         4 506,40         4 506,40         4 361,90
      (b) Seed harvested       in    Spain   and   Il                              IIIIIl
          processed :                              I               Il\\                                                II
          — in Spain (Pta)                                561,13         649,81            649,81           649,81           649,81            649,81
          — in another Member State (Pta)               4 405,69       3 310,75          3 306,51         3 297,50         3 297,50          3 273,34
      (c) Seed harvested in Portugal and                                           Il
          processed :                                              II||li
          — in Portugal (Esc)                             499,40         517,26            517,26           517,26           517,26            517,26
          — in another Member State (Esc)               6 300,68       4 944,96          4 929,72         4 909,61         4 909,61          4 850,94
  (') Subject to the abatement resulting from the system of maximum guaranteed quantities for the 1990/91 marketing year.
 ---pagebreak---   1 . 6. 90                                         Official Journal of the European Communities                                                  No L 140/61
                                                                             ANNEX III
                                                                     Aids to sunflower seed
                                                                                                                                             (amounts per 100 kg)
\                                                            Current             1st period           2nd period           3rd period              4th period
\                                                               6                     7                   8 (')                 9 (')                   10 o
  1 . Gross aids (ECU) :
      — Spain                                                    6,890                 6,890                 8,600                8,600                    8,600
      — Portugal                                                 0,000                 0,000                0,000                 0,000                    0,000
      — Other Member States                                    37,106                36,906                27,000                27,000                  26,916
  2. Final aids :                                    ||||I                                                             Il
      (a) Seed harvested and processed in (2) :                                                   I
          — Federal Republic of Germany
              (DM)                                             87,86                 87,39                 63,21                 63,23                   63,04
          — Netherlands (Fl)                                   97,88                 97,35                 71,22                 71,25                   71,03
          — BLEU (Bfrs/Lfrs)                                1 791,73              1 782,08             1 303,75             1 303,75                 1 299,69
          — France (FF)                                       283,71                282,14               212,00                212,00                  211,34
          — Denmark (Dkr)                                     331,36                329,57               241,11 :              241,11                  240,36
          — Ireland (£ Irl)                                    31,576                31,401                23,595                23,595                  23,522
          — United Kingdom (£)                                 24,589                24,423                20,019                19,961                  19,891
          — Italy (Lit)                                   62 432                 62 082               47 295              47 295                   47 148
          — Greece (Dr)                                     6 639,04              6 568,13             5 491,44             5 427,22                 5 407,16
      (b) Seed harvested in Spain and
           processed :
          — in Spain (Pta)                                  1 053,45              1 053,45             1 314,91             1 314,91                 1 314,91
          — in another Member State (Pta)                   4 716,64              4 687,18             3486,85              3 476,29                 3 463,86
      (c) Seed harvested in Portugal and
           processed :                                                                            I
          — in Portugal (Esc)                                    0,00                  0,00                  0,00                 0,00                     0,00
          — in Spain (Esc)                                  8 225,02              8 182,71             6 455,00             6 431,68                 6 413,74
          — in another Member State (Esc)                   8 045,25              8 003,87             6 313,91 -           6 291,10                 6 273,55
  3 . Compensatory aids :                            \
      — in Spain (Pta)                                      4 692,48              4 663,02             3 460,64             3 450,08                 3 436,83
  4. Special aid :                                   IIIl\                                                             II
      — in Portugal (Esc)                                   8 045,25              8003,87              6 313,91             6 291,10                 6 273,55
  (') Subject to the abatement resulting from the system of maximum guaranteed quantities for the 1990/91 marketing year.
  (2) For seed harvested in the Community as constituted at 31 December 1985 and processed in Spain, the amounts shown in 2 (a) to be multiplied by 1,0223450. '
                                                                             ANNEX IV
                    Exchange rate of the ecu to be used for converting final aids into the currency of the processing
                                   country when the latter is a country other than the country of production
                                                                                                                                                  (value of ECU 1)
                                                Current              1st period          2nd period         3rd period         4th period            5th period
\                                                   6                     7                   8                   9                   10                   11
  DM                                              2,053510              2,049520            2,045770            2,042220           2,042220              2,033130
  Fl                                              2,309960              2,305570            2,301420            2,297290           2,297290              2,286400
  Bfrs/Lfrs                                     42,282400             42,265400            42,245100          42,218900          42,218900             42,1 13100
  FF                                              6,910010              6,906230            6,902570            6,899370           6,899370              6,888930
  Dkr                                             7,817830              7,819000            7,820770            7,820260           7,820260              7,818840
  £Irl                                            0,765837              0,765922            0,766544            0,766910           0,766910              0,770115 .
  £                                               0,724759              0,727505            0,730244            0,732860           0,732860              0,740032
  Lit                                        1 507,84              1 509,85            1 511,39           1 512,86 :         1512,86               1 517,45
  Dr                                           201,70000             204,75300           207,43100          210,33200          210,33200             217,46600 :
  Esc                                          180,64500             181,43400            182,30000         183,29200           183,29200            186,12400
  Pta                                          127,96300             128,38000            128,79900         129,21600           129,21600            130,37400