CELEX: 31987R3722
Language: en
Date: 1987-12-12 00:00:00
Title: Commission Regulation (EEC) No 3722/87 of 11 December 1987 amending Regulation (EEC) No 1956/87 fixing the monetary compensatory amounts in the agricultural sector and certain coefficients and rates required for their application

12. 12. 87                                 Official Journal of the European Communities                            No L 349/35
                                       COMMISSION REGULATION (EEC) No 3722/87
                                                       of 11 December 1987
                   amending Regulation (EEC) No 1956/87 fixing the monetary compensatory
                   amounts in the agricultural sector and certain coefficients and rates required for
                                                          their application
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                           from 2 to 8 December 1987 for the peseta require in
                                                                      theory, pursuant to Article 9 (2) of Regulation (EEC) No
Having regard to the Treaty establishing the European                 1677/85, the monetary compensatory amounts applicable
Economic Community,                                                   for Spain to be altered ; whereas, however, the monetary
Having regard to Council Regulation (EEC) No 1677/85                  gap for all sectors due to the variation in the peseta over
of 11 June 1985 on monetary compensatory amounts in                   that period is within the neutral margin laid down for the
agriculture ('), as last amended by Regulation (EEC) No               fixation of the monetary compensatory amounts ; whereas,
1889/87 (2), and in particular Articles 9 (2) and 6a (2)              however, the conversion rates for the peseta laid down
thereof,                                                              pursuant to Article 10 of Regulation (EEC) No 1677/85
                                                                      should be updated,
Having regard to Council Regulation (EEC) No 1678/85
of 11 June 1985 fixing the conversion rates to be applied
in agriculture (3), as last amended by Regulation (EEC) No            HAS ADOPTED THIS REGULATION :
3721 /87 (4),
Whereas the monetary compensatory amounts introduced                                           Article 1
by Regulation (EEC) No 1677/85 were fixed by Commis­
sion Regulation (EEC) No 1956/87 (*), as last amended by              Annex III to Regulation (EEC) No 1956/87 is hereby
Regulation (EEC) No 3509/87 («);                                      replaced by the Annex hereto.
Whereas Commission Regulation (EEC) No 3153/85 Q,
as last amended by Regulation (EEC) No 2390/87 (8), lays                                       Article 2
down the rules for calculating the monetary compensatory
amounts ; whereas the spot market rates recorded                      This Regulation shall enter into force on 14 December
pursuant to Regulation (EEC) No 3153/85 in the period                 1987.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 11 December 1987.
                                                                                For the Commission
                                                                                 Frans ANDRIESSEN
                                                                                    Vice-President
(') OJ  No L 164,    24. 6. 1985, p. 6.
0   OJ  No L 182,    3. 7. 1987, p. 1 .
0   OJ  No L 164,    24. 6. 1985, p. 11 .
(4) See page 33 of   this Official Journal.
0   OJ  No L 186,    6. 7. 1987, p. 3.
(«) OJ  No L 334,    24. 11 . 1987, p. 9.
0   OJ  No L 310,    21 . 11 . 1985, p. 4.
 «  OJ  No L 218,    7. 8. 1987, p. 22.
 ---pagebreak--- No L 349 /36                         Official Journal of the European Communities                              12. 12. 87
                                                          ANNEX
                                                         ANNEX III
                                 Application of Article 10 of Regulation (EEC) No 1677/85
100 Lit =    2,83158   Bfrs/Lfrs             1 £ (UK)   =    61,8628  Bfrs/Lfrs         1 £ (Irl) -    55,2545    Bfrs/Lfrs
             0,523666  Dkr                                   11,4408  Dkr                              10,2187    Dkr
             0,137286  DM                                     2,99934 DM                                2,67895   DM
             0,460437  FF                                    10,0594  FF                                8,98483   FF
             0,154685  Fl                                     3,37948 Fl                                3,01849   Fl
             0,0512461 £ (Irl)                                1,11960 £ (Irl)                           0,893178  £ (UK)
             0,0457719 £ (UK)                             2 184,74    Lit                           1 951,37      Lit
            10,7152    Dr                                   234,101   Dr                              209,094     Dr
            11,0060    Esc                                  240,454   Esc                             214,768     Esc
             9,21392   Pta                                  201,301   Pta                             179,797     Pta'