CELEX: 31997R0816
Language: en
Date: 1997-05-05 00:00:00
Title: COMMISSION REGULATION (EC) No 816/97 of 5 May 1997 fixing, for April 1997, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

6 . 5 . 97          1 EN I               Official Journal of the European Communities                            No L 116/23
                                         COMMISSION REGULATION (EC) No 816/97
                                                          of 5 May 1997
                   fixing, for April 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
                                                                    the previous month;
Community,
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 April 1997, of the specific agricultural conver­
markets in the sugar sector ('), as last amended by Regula­         sion rate for the amount of the reimbursement of storage
                                                                    costs in the various national currencies as indicated in the
tion (EC) No 1599/96 (2),
                                                                    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 1 50/95 (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 April 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 May 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 April 1997.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 5 May 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.
0    OJ  No  L 387, 31 . 12. 1992, p. 1 .
(4)  OJ   No L 22, 31 . 1 . 1995, p. 1 .
( 5) OJ   No L 159, 1 . 7. 1993, p. 94.
h) OJ No L 14, 17. 1 . 1997, p. 25.
 ---pagebreak--- No L 116/24    PEN                Official Journal of the European Communities                           6 . 5 . 97
                                                          ANNEX
            to the Commission Regulation of 5 May 1997 fixing, for April 1997, the specific agricultural
              conversion rate for the amount of the reimbursement of storage costs in the sugar sector
                                                Agricultural conversion rates
                            ECU 1 =       40,3384          Belgian and Luxembourg francs
                                           7,49997         Danish kroner
                                           1,95510         German marks
                                         311,761           Greek drachmas
                                         165,571           Spanish pesetas
                                           6,61023         French francs
                                           0,756658        Irish punt
                                       1 973,93            Italian lire
                                           2,19904         Dutch guilders
                                          13,7588          Austrian schillings
                                         198,202           Portuguese escudos
                                           6,02811         Finnish marks
                                           8,83274         Swedish kroner
                                           0,742320        Pound sterling