CELEX: 31997R1080
Language: en
Date: 1997-06-13 00:00:00
Title: COMMISSION REGULATION (EC) No 1080/97 of 13 June 1997 fixing, for May 1997, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

14. 6 . 97           EN                 Official Journal of the European Communities                               No L 157/ 1
                                                                  I
                                                (Acts whose publication is obligatory)
                                      COMMISSION REGULATION (EC) No 1080/97
                                                          of 13 June 1997
                    fixing, for May 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;
                                                                      whereas that specific rate must be fixed each month for
  Having regard to the Treaty establishing the European               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 May 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 May 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 14 June 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 May 1997.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 13 June 1997.
                                                                               For the Commission
                                                                                  Franz FISCHLER
                                                                           Member of the Commission
(') OJ No L 177, 1 . 7. 1981 , p. 4.
I1) OJ No L 206, 16. 8. 1996, p. 43.
P) OJ No L 387, 31 . 12. 1992, p. 1 .
(4) OJ No L 22, 31 . 1 . 1995, p. 1 .
0 OJ No L 159, 1 . 7. 1993, p. 94.
h) OJ No L 14, 17. 1 . 1997, p. 25.
 ---pagebreak--- No L 157/2   PEN                Official Journal of the European Communities                        14 . 6. 97
                                                        ANNEX
           to the Commission Regulation of 13 June 1997 fixing, for May 1997, the specific
           agricultural conversion rate for the amount of the reimbursement of storage costs in the
                                                    sugar sector
                                              Agricultural conversion rates
                          ECU 1 =       40,4268          Belgian and Luxembourg francs
                                         7,49997         Danish kroner
                                         1,95925         German marks
                                       311,841           Greek drachmas
                                       165,571          Spanish pesetas
                                         6,61023         French francs
                                         0,757473        Irish punt
                                     1 973,93           Italian lire
                                         2,20377        Dutch guilders
                                        13,7905         Austrian schillings
                                       198,202          Portuguese escudos
                                         6,02811        Finnish marks
                                         8,87709        Swedish kroner
                                         0,742320       Pound sterling