CELEX: 31989R2573
Language: en
Date: 1989-08-25 00:00:00
Title: Commission Regulation (EEC) No 2573/89 of 24 August 1989 amending Regulation (EEC) No 1876/89 fixing the monetary compensatory amounts applicable in the agricultural sector and certain coefficients and rates required for their application

No L 249/40                                Official Journal of the European Communities                                 25. 8 . 89
                                       COMMISSION REGULATION (EEC) No 2573/89
                                                         of 24 August 1989
                  amending Regulation (EEC) No 1876/89 fixing the monetary compensatory
                  amounts applicable in the agricultural sector and certain coefficients and rates
                                                   required for their application
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                           compensatory amounts applicable for Italy to be altered ;
                                                                      whereas, however, the monetary gap for all sectors due to
Having regard to the Treaty establishing the European                 the variation in the lira over that period is within the
Economic Community,                                                   neutral margin laid down for the fixation of the monetary
Having regard to Council Regulation (EEC) No 1677/85                  compensatory amounts ; whereas, however, the conversion
of 11 June 1985 on monetary compensatory amounts in                   rates for the peseta laid down pursuant to Article 3a of
agriculture ('), as last amended by Regulation (EEC) No               Commission Regulation (EEC) No 31 52/85 Q should be
1 889/87 (2), and in particular Article 9 (2) and Article 6a          updated for the Italian lira, as last amended by Regulation
(2) thereof,                                                          (EEC) No 2300/89 (8),
Whereas the monetary compensatory amounts introduced
by Regulation (EEC) No 1677/85 were fixed by
                                                                      HAS ADOPTED THIS REGULATION :
Commission Regulation (EEC) No 1876/89 (3), as last
amended by Regulation (EEC) No 2456/89 (4) ;
                                                                                                Article 1
Whereas Commission Regulation (EEC) No 3153/85 (*) as
last amended by Regulation (EEC) No 2301 /89 (6), lays
down the rules for calculating monetary compensatory                  Annex III to Regulation (EEC) No 1876/89 is hereby
amounts ; whereas the spot market rates recorded                      replaced by the Annex to this Regulation.
pursuant to Regulation (EEC) No 3153/85 in the period
from 16 to 22 August 1989 for the Italian lira require in                                       Article 2
theory, pursuant to the second subparagraph of Article 5
(3) of Regulation (EEC) No 1677/85, the monetary                      This Regulation shall enter into force on 28 August 1989.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 24 August 1989.
                                                                                For the Commission
                                                                                 Ray MAC SHARRY
                                                                           Member of. the Commission
(') OJ No   L  164,  24. 6. 1985, p. 6.
(2) OJ No   L  182,  3. 7. 1987, p. 1 .
0   OJ No   L  188 , 1 . 7. 1989, p. 1 .
(4) OJ No   L  237,  14. 8. 1989, p. 1 .
0   OJ No   L  310,  21 . 11 . 1985, p. 4.                            O OJ No L 310, 21 . 11 . 1985, p. 1 .
(«) OJ No   L  220,  29. 7. 1989, p. 9.                               0 OJ No L 220, 29, 7. 1989, p. 8 .
 ---pagebreak--- 25. 8 . 89                       Official Journal of the European Communities                  No L 249/41
                                                       ANNEX
                                                     'ANNEX III
             Conversion rates used to fix the monetary compensatory amounts and referred to in
                                    Article 3a of Regulation (EEC) No 3152/85
           I                    100 Lit                1 £            1 £ Irl      1 ECU
               Bfrs/Lfrs       2,89377                63,8256         55,2545      48,2869
                 Dkr           0,535167               11,8038         10,2187       8,93007
                 DM            0,140301                3,09451         2,67895      2,34113
                  FF           0,470550               10,3786          8,98483      7,85183
                  F1           0,158083                3,48671         3,01849      2,63785
                 £ Irl         0,0523720               1,15512          —
                                                                                    0,873900
                   £           0,0453390               —
                                                                       0,865710     0,756544 :
                  Lit             —
                                                  2 205,62         1 909,43     1 668,65
                  Dr          12,0393               265,540          229,881      200,893
                  Esc         11,6253               256,409          221,976      193,985
                  Pta          8,73269              192,610          166,744      145,718 '