CELEX: 31988R3085
Language: en
Date: 1988-10-07
Title: Commission Regulation (EEC) No 3085/88 of 6 October 1988 amending Regulation (EEC) No 1852/88 fixing the monetary compensatory amounts in the agricultural sector and certain coefficients and rates required for their application

No L 275/ 12                              Official Journal of the European Communities                               7. 10. 88
                                         COMMISSION REGULATION (EEC) No 3085/88
                                                         of 6 October 1988
                     amending Regulation (EEC) No 1852/88 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 28 September to 4 October 1988 for the Spanish
 Having regard to the Treaty establishing the European                peseta require in theory, pursuant to Article 9 (2) of
 Economic Community,                                                  Regulation (EEC) No 1677/85, the monetary compen­
                                                                      satory amounts applicable for Spain to be altered ;
 Having regard to Council Regulation (EEC) No 1677/85                whereas, however, the monetary gap for all sectors due to
 of 11 June 1985 on monetary compensatory amounts in                 the variation in the peseta over that period is within the
 agriculture ('), as last amended by Regulation (EEC) No             neutral margin laid down for the fixation of the monetary
 1 889/87 (2), and in particular Articles 9 (2) and 6a (2)           compensatory amounts ; whereas, however, the conversion
 thereof,                                                            rates for the peseta laid down 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 :
 2792/88 (4),
 Whereas the monetary compensatory amounts introduced                                         Article 1
 by Regulation (EEC) No 1677/85 were fixed by
 Commission Regulation (EEC) No 1852/88 (^ as last
 amended by Regulation (EEC) No 2926/88 (6) ;                        Annex III to Regulation (EEC) No 1852/88 is replaced by
                                                                     Annex III to this Regulation.
 Whereas Commission Regulation (EEC) No 3153/85 Q,
 as last amended by Regulation (EEC) No 3770/87 (8), lays                                     Article 2
 down the rules for calculating monetary compensatory                                         *
 amounts ; whereas the spot market rates recorded                    This Regulation shall enter into force on 10 October
 pursuant to Regulation (EEC) No 3153/85 in the period               1988 .
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States.
                    Done at Brussels, 6 October 1988 .
                                                                              For the Commission
                                                                               Frans ANDRIESSEN
                                                                                  Vice-President
(■) OJ  No   L  164,  24. 6. 1985, p. 6.
(2) OJ  No   L  182,  3. 7. 1987, p. 1 .
(3) OJ  No   L  164,  24. 6. 1985, p. 11 .
(4) OJ  No   L 250,   9. 9. 1988, p. 12.
(Ó OJ No L 167, 1 . 7. 1988, p. 1 .
(«) OJ No L 264, 24. 9. 1988, p. 14.
o OJ No L 310, 21 . 11 . 1985, p. 4.
 « OJ No L 355, 17. 12. 1987, p. 16.
 ---pagebreak--- 7. 10 . 88
                     Official Journal of the European Communities          No L 275/ 13
                                       ANNEX III
              Application of Article 10 of Regulation (EEC) No 1677/85
                               100 Lit            1 £            1 £ Irl
           Bfrs/Lfrs         2,79908            65,5736         55,2545
             Dkr             0,517655           12,1270         10,2187
             DM              0,135710            3,17925          2,67895
              FF             0,455152           10,6628           8,98483
              F1             0,152910            3,58220          3,01849
            £ Irl            0,0506579           1*18676           —
               £             0,0426860            —
                                                                  0,842633
              Lit                —
                                             2 342,69        1 974,02
              Dr            10,9196            255,812         215,556
             Esc            11,1091            260,251         219,296
             pta             8,92279           209,033         176,138