CELEX: 31987R3495
Language: en
Date: 1987-11-21 00:00:00
Title: Commission Regulation (EEC) No 3495/87 of 19 November 1987 amending Regulation (EEC) No 1956/87 fixing the monetary compensatory amounts in the agricultural sector and certain coefficients and rates required for their application

21 . 11 . 87                                Official Journal of the European Communities                            No L 330/27
                                        COMMISSION REGULATION (EEC) No 3495/87
                                                        of 19 November 1987
                   amending Regulation (EEC) No 1956/87 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 11 to 17 November 1987 for the peseta require in
                                                                       theory, pursuant to Article 9 (2) of Regulation (EEC) No
Having regard to the Treaty establishing the European
                                                                       1677/85, the monetary compensatory amounts applicable
Economic Community,
                                                                       for Spain to be altered ; whereas, however, the monetary
Having regard to Council Regulation (EEC) No 1677/85                   gap for all sectors due to the variation in the peseta over
of 11 June 1985 on monetary compensatory amounts in                    that period is within the neutral margin laid down for the
agriculture ('), as last amended by Regulation (EEC) No                fixation of the monetary compensatory amounts ; whereas,
 1889/87 (2), and in particular Articles 9 (2) and 6a (2)              however, the conversion rates for the peseta laid down
thereof,                                                               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 :
3395/87 (4),
Whereas the monetary compensatory amounts introduced                                            Article 1
by Regulation (EEC) No 1677/85 were fixed by Commis­
sion Regulation (EEC) No 1956/87 (i), as last amended by               Annex III to Regulation (EEC) No 1956/87 is hereby
Regulation (EEC) No 3405/87 (6) ;                                      replaced by the Annex hereto.
Whereas Commission Regulation (EEC) No 3153/85 Q,
as last amended by Regulation (EEC) No 2390/87 (8), lays                                        Article 2
down the rules for calculating the monetary compensatory
 amounts ; whereas the spot market rates recorded                      This Regulation shall enter into force on 23 November
 pursuant to Regulation (EEC) No 3153/85 in the period                  1987 .
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States .
                    Done at Brussels, 19 November 1987.
                                                                                 For the Commission
                                                                                  Frans ANDRIESSEN
                                                                                     Vice-President
 O   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 323,   13. 11 . 1987, p. 10.
 O   OJ  No  L  186,  6. 7. 1987, p. 3 .
 (6) OJ  No  L 325,   16. 11 . 1987, p. 1 .
 O   OJ  No  L  310,  21 . 11 . 1985, p. 4.
 (8) OJ  No  L  218 , 7. 8 . 1987, p. 22 .
 ---pagebreak--- No L 330/28                          Official Journal of the European Communities                              21 . 11 . 87
                                                          ANNEX
                                                         ANNEX III
                                 Application of Article 10 of Regulation (EEC) No 1677/85
100 Lit =   2,83158   Bfrs/ Lfrs             1 £ (UK)   =    61,8628  Bfrs/ Lfrs        1 £ (Irl) =    55,2545     Bfrs/Lfrs
            0,523666  Dkr                                    11,4408  Dkr                              10,2187     Dkr
            0,137286  DM                                      2,99934 DM                                2,67895    DM
            0,460437  FF                                     10,0594  FF                                8,98483    FF
            0,154685  F1                                      3,37948 F1                                3,01849 F1
            0,0512461 £ (Irl)                                 1,11960 £ (Irl)                           0,893178 £ (UK)
            0,0457719 £ (UK)                              2 184,74    Lit                           1 951,37       Lit
           10,7152    Dr                                    234,101   Dr                              209,094      Dr
           11,0060    Esc                                   240,454   Esc                             214,768      Esc
            9,18237   Pta                                   200,611   Pta                             179,182      Pta'