CELEX: 31989R0071
Language: en
Date: 1989-01-14 00:00:00
Title: Commission Regulation (EEC) No 71/89 of 13 January 1989 altering the specific agricultural conversion rates applicable in the rice sector

14. 1 . 89                               Official Journal of the European Communities                              No L 11 /9
                                        COMMISSION REGULATION (EEC) No 71/89
                                                       of 13 January 1989
                     altering the specific agricultural conversion rates applicable in the rice sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        Whereas Regulation (EEC) No 3153/85 lays down
                                                                   detailed rules for the calculation of monetary compensa­
Having regard to the Treaty establishing the European              tory amounts ; whereas the spot market rate for the
Economic Community,                                                Spanish peseta, recorded in accordance with Regulation
                                                                   (EEC) No 3153/85 during the period 4 to 10 January
Having regard to Council Regulation (EEC) No 1676/85                1989 requires the specific agricultural conversion rate
of 11 June 1985 on the value of the unit of account and            applicable for Spain, to be altered pursuant to Article 9 (2)
the conversion rates to be applied for the purposes of the         of Regulation (EEC) No 1677/85 ; .
common agricultural policy ('), as last amended by Regu­           Whereas there is a mistake in the conversion rate for the
lation (EEC) No 1636/87 (2), and in particular Article 2 (4)
thereof,                                                           pound sterling and the Italian lira for the preceding
                                                                    period ; whereas account should be taken of that situation,
Having regard to Council Regulation (EEC) No 1677/85
of 11 June 1985 on monetary compensatory amounts in                 HAS ADOPTED THIS REGULATION :
agriculture (3), as last amended by Regulation (EEC) No
1 889/87 (4), and in particular Article 9 (2) thereof,                                       Article 1
Whereas by Commission Regulation (EEC) No                          The Annex to Regulation (EEC) No 3294/86 is replaced
3294/86 (*), as last amended by Regulation (EEC) No                 by the Annex hereto.
29/89 («% specific agricultural conversion rates to be
applied in the rice sector were established ; whereas those                                  Article 2
conversion rates must be altered pursuant to Articles 2
and 3 of Commission Regulation (EEC) No 3153/85 (*), as            This Regulation shall enter into force on 16 January
last amended by Regulation (EEC) No 3770/87 (8) ;                   1989 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 13 January 1989 .
                                                                              For the Commission
                                                                               Ray MAC SHARRY
                                                                         Member of the Commission
(') OJ  No  L  164, 24. 6. 1985, p. 1 .
(l) OJ  No  L  153,  13. 6. 1987, p. 1 .
0   OJ  No  L  164, 24. 6. 1985, p. 6.
(4) OJ  No  L  182, 3. 7. 1987, p. 1 .
0   OJ  No  L  304, 30. 10. 1986, p. 25.
(j OJ No L 5, 7. 1 . 1989, p. 9.
f) OJ No L 310, 21 . 11 . 1985, p. 4.
M OJ No L 355, 17. 12. 1987, p. 16.
 ---pagebreak--- No L 11 / 10 Official Journal of the European Communities    14. 1 . 89
                                   ANNEX
              Specific agricultural conversion rate for rice
                       (Regulation (EEC) No 3294/86)
                        1 ECU = Bfs        48,2869
                                = DM        234113
                                - Dkr       8,93007
                                = Dr      192,844
                                = Pta     146,502
                                = FF        7,85183
                                = £Irl      0,873900
                                - Lit   1 711,47
                                = F1        2,63785
                                =£          0,724351