CELEX: 31991R3447
Language: en
Date: 1991-12-02 00:00:00
Title: Commission Regulation (EEC) No 3447/91 of 28 November 1991 fixing the representative market rates to be applied for certain amounts in the context of the common agricultural policy and, in particular, for the calculation of the monetary compensatory amounts

2 . 12 . 91                                Official Journal of the European Communities                           No L 329/41
                                       COMMISSION REGULATION (EEC) No 3447/91
                                                        of 28 November 1991
                 fixing the representative market rates to be applied for certain amounts in the context of
                 the common agricultural policy and, in particular, for the calculation of the monetary
                                                        compensatory amounts
THE COMMISSION OF THE EUROPEAN                                       the conversion into ecus of the amounts relating to world
COMMUNITIES,                                                         market data and expressed in the national currency of a
                                                                      Member State; whereas, pursuant to Article 6a of Regu­
Having regard to the Treaty establishing the European                lation (EEC) No 1677/85 and without prejudice to
Economic Community,                                                  Article 7 (2) of Commission Regulation (EEC) No
Having regard to Council             Regulation (EEC) No              3578/88 of 17 November 1988 laying down detailed
1677/85 of 11 June 1985 on            monetary compensatory          rules for the application of the system for the automatic
amounts in agriculture (*), as        last amended by Regu­          dismantlement of negative monetary compensatory
lation (EEC) No 2205/90              (*), and in particular           amounts ('), as last amended by Regulation (EEC) No
Article 9 thereof,                                    '               3137/91 (10), those rates are to be the agricultural
                                                                     conversion rates applying to pigmeat; whereas, pursuant
Whereas the monetary compensatory amounts                            to Article 2 (4) of Council Regulation (EEC) No
introduced by Regulation (EEC) No 1677/85 were fixed                  1676/85 ("), as last amended by Regulation (EEC) No
by Commission Regulation (EEC) No 1641 /91 (J), as                    2205/90, those rates are also to be used for the
last amended by Regulation (EEC) No 3446/91 (4), on                  conversion of certain other agricultural amounts ;
the basis of the central rates and, for certain Member               whereas the rates in question should be fixed to make it
States, on the basis of the exchange rates referred to in            easier to use them,
Article 3 of Commission Regulation (EEC) No 3153/85
of 11 November 1985 laying down detailed rules for the               HAS ADOPTED THIS REGULATION :
calculation of monetary compensatory amounts ('), as                                           Article 1
last amended by Regulation (EEC) No 3672/89 (*);
                                                                     The representative market rates referred to in Article 3a
Whereas, in accordance with Article 3a of Commission                 of Regulation (EEC) No 3152/85, to be applied for
Regulation (EEC) No 3152/85 of 11 November 1985                      certain amounts in the context of the common agri­
laying down detailed rules for the application of Regu­              cultural policy and used to fix or, where appropriate, to
lation (EEC) No 1676/85 on the value of the unit of                   adjust the monetary compensatory amounts, are set out
account and the conversion rates to be applied for the               in the Annex hereto.
purposes of the common agricultural policy (7), as last
amended by Regulation (EEC) No 3237/90 (*), the                                                Article 2
rates used to fix or, where appropriate, adjust the
monetary compensatory amounts, from this time forth                  This Regulation shall enter into force on 2 December
defined as representative market rates, are to be used for            1991 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 28 November 1991 .
                                                                                       For the Commission
                                                                                       Ray MAC SHARRY
                                                                                    Member ofthe Commission
C)  OJ No L 164, 24. 6. 1985, p. 6.
(2) OJ No L 201 , 31 . 7. 1990, p. 9.
C)  OJ No L 153, 17. 6. 1991 , p. 1 .
(4) See page 1 of this Official Journal.
(') OJ No L 310, 21 . 11 . 1985, p. 4.
0)  OJ No L 358 , 8 . 12 . 1989, p. 28 .                               O OJ No L 312, 18. 11 . 1988, p. 16.
O   OJ No L 310, 21 . 11 . 1985, p. 1 .                              O OJ No L 297, 29. 10. 1991 , p. 17.
(•) OJ No L 310, 9. 11 . 1990, p. 18 .                               (") OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 329/42                         Official Journal of the European Communities                                2 . 12 . 91
                                                             ANNEX
            Representative market rates to be applied for certain amounts in the context of the common agricul­
                 tural policy and, in particular, for the calculation of the monetary compensatory amounts
                                  100 Lit                   1 £                 1 £ Irl             1 ECU
              Bfrs/Lfrs           2,75661                59,5524               55,2545             48,5563
                Dkr               0,509801               11,0135               10,2186              8,97989
                DM                0,133650                2,88731               2,67893             2,35418
                 FF               0,448246                9,68368               8,98480             7,89563
                  F1              0,150590                3,25326               3,01847             2,65256
                £ Irl             0,0498894               1,07778                 —
                                                                                                    0,878776
                  £               0,0462888                 —
                                                                                0,927829            0,815354
                 Lit                —
                                                     2 160,35               2 004,44            1 761,45
                 Dr              15,0387                324,888               301,441             264,899
                 Esc             11,6786                252,299               234,090             205,713
                 Pta              8,37401               180,908               167,852             147,504