CELEX: 31997R0429
Language: en
Date: 1997-03-05 00:00:00
Title: COMMISSION REGULATION (EC) No 429/97 of 5 March 1997 fixing, for February 1997, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

6 . 3 . 97         | EN I               Official Journal of the European Communities                            No L 65/43
                                       COMMISSION REGULATION (EC) No 429/97
                                                         of 5 March 1997
                   fixing, for February 1997 , the specific agricultural conversion rate for the amount
                               of the reimbursement of storage costs in the sugar sector
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        conversion rates applicable during the month of storage;
  Having regard to the Treaty establishing the European             whereas that specific rate must be fixed each month for
 Community,                                                         the previous month;
  Having regard to Council Regulation (EEC) No 1785/81              Whereas application of these provisions will lead to the
 of 30 June 1981 on the common organization of the                  fixing, for February 1997, of the specific agricultural
                                                                    conversion rate for the amount of the reimbursement of
 markets in the sugar sector ('), as last amended by Regula­
 tion (EC) No 1 599/96 (2),                                         storage costs in the various national currencies as indi­
                                                                    cated in the Annex to this Regulation,
 Having regard to Council Regulation (EEC) No 3813/92
 of 28 December 1992 on the unit of account and the
 conversion rates to be applied for the purposes of the             HAS ADOPTED THIS REGULATION :
 common agricultural policy (3), as last amended by Regu­
 lation (EC) No 150/95 (4),                                                                  Article 1
 Having regard to Commission Regulation (EEC)
 No 1713/93 of 30 July 1993 establishing special detailed           The specific agricultural conversion rate to be used to
 rules for applying the agricultural conversion rate in the         convert the amount of the reimbursement of storage costs
 sugar sector (5), as last amended by Regulation (EC)               referred to in Article 8 of Regulation (EEC) No 1785/81
 No 59/97 (6), and in particular Article 1 (3) thereof,             into each of the national currencies for February 1997
                                                                    shall be as indicated in the Annex hereto .
 Whereas Article 1 (2) of Regulation (EEC) No 1713/93
 provides that the amount of the reimbursement of storage                                    Article 2
 costs referred to in Article 8 of Regulation (EEC)
 No 1785/81 is to be converted into national currency               This Regulation shall enter into force on 6 March 1997.
 using a specific agricultural conversion rate equal to the
 average, calculated pro rata temporis, of the agricultural         It shall apply with effect from 1 February 1997.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 5 March 1997 .
                                                                             For the Commission
                                                                                Franz FISCHLER
                                                                         Member of the Commission
(') OJ No L 177, 1 . 7. 1981 , p. 4.
(2) OJ No L 206, 16. 8 . 1996, p. 43 .
(3) OJ No L 387, 31 . 12. 1992, p. 1 .
h) OJ No L 22, 31 . 1 . 1995, p. 1 .
(5) OJ No L 159 , 1 . 7. 1993, p. 94.
(6) OJ No L 14, 17. 1 . 1997, p. 25 .
 ---pagebreak--- No L 65/44   I ENI              Official Journal of the European Communities                        6 . 3 . 97
                                                       ANNEX
           to the Commission Regulation of 5 March 1997 fixing, for February 97 , the specific
           agricultural conversion rate for the amount of the reimbursement of storage costs in the
                                                    sugar sector
                                              Agricultural conversion rates
                          ECU 1 =       40,3017          Belgian and Luxembourg francs
                                         7,49997         Danish kroner
                                         1,95426         German marks
                                       311,761           Greek drachmas
                                       165,303          Spanish pesetas
                                         6,61023         French francs
                                         0,778173        Irish punt
                                     1 973,93            Italian lire
                                         2,19514        Dutch guilders
                                        13,7501         Austrian schillings
                                       198,202          Portuguese escudos
                                         6,02811        Finnish marks
                                         8,68309        Swedish kroner
                                         0,768177       Pound sterling