CELEX: 31998R0367
Language: en
Date: 1998-02-16 00:00:00
Title: COMMISSION REGULATION (EC) No 367/98 of 16 February 1998 fixing, for January 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

L 46/4                EN                 Official Journal of the European Communities                               17. 2. 98
                                     COMMISSION REGULATION (EC) No 367/98
                                                     of 16 February 1998
                  fixing, for January 1998, the specific agricultural conversion rate for the amount
                               of the reimbursement of storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         sion 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 January 1998, of the specific agricultural
markets in the sugar sector (1), as last amended by Regula-         conversion rate for the amount of the reimbursement of
tion (EC) No 1599/96 (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                     The specific agricultural conversion rate to be used to
1713/93 of 30 July 1993 establishing special detailed               convert the amount of the reimbursement of storage costs
rules for applying the agricultural conversion rate in the          referred to in Article 8 of Regulation (EEC) No 1785/81
sugar sector (5), as last amended by Regulation (EC) No             into each of the national currencies for January 1998
59/97 (6), and in particular Article 1 (3) thereof,                 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               This Regulation shall enter into force on 17 February
1785/81 is to be converted into national currency using a           1998.
specific agricultural conversion rate equal to the average,
calculated pro rata temporis, of the agricultural conver-           It shall apply with effect from 1 January 1998.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 16 February 1998.
                                                                               For the Commission
                                                                                 Franz FISCHLER
                                                                           Member of the Commission
(1) OJ L  177, 1. 7. 1981, p. 4.
(2) OJ L  206, 16. 8. 1996, p. 43.
(3) OJ L  387, 31. 12. 1992, p. 1.
(4) OJ L  22, 31. 1. 1995, p. 1.
(5) OJ L  159, 1. 7. 1993, p. 94.
(6) OJ L  14, 17. 1. 1997, p. 25.
 ---pagebreak--- 17. 2. 98     EN                Official Journal of the European Communities                       L 46/5
                                                       ANNEX
          to the Commission Regulation of 16 February 1998 fixing, for January 1998, the specific
          agricultural conversion rate for the amount of the reimbursement of storage costs in the
                                                    sugar sector
                                              Agricultural conversion rates
                         ECU 1 =      40,9321          Belgian and Luxembourg francs
                                       7,54917         Danish kroner
                                       1,98243         German marks
                                     312,011           Greek drachmas
                                     167,153           Spanish pesetas
                                       6,68769         French francs
                                       0,780537        Irish pound
                                   1 973,93            Italian lire
                                       2,23273         Dutch guilders
                                      13,9485          Austrian schillings
                                     201,412           Portuguese escudos
                                       6,02811         Finnish marks
                                       8,67881         Swedish kroner
                                       0,695735        Pound sterling