CELEX: 31992R3278
Language: en
Date: 1992-11-16 00:00:00
Title: Commission Regulation (EEC) No 3278/92 of 12 November 1992 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 and the agricultural conversion rates for the pigmeat sector in the United Kingdom

16. 11 . 92                                  Official Journal of the European Communities                            No L 330/47
                                            COMMISSION REGULATION (EEC) No 3278/92
                                                           of 12 November 1992
                    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 and the agricultural conversion rates for the pigmeat sector in the
                                                              United Kingdom
THE COMMISSION OF THE EUROPEAN                                           monetary compensatory amounts, from this time forth
COMMUNITIES,                                                             defined as representative market rates, are to be used for
                                                                         the conversion into ecus of the amounts relating to world
                                                                         market data and expressed in the national currency of a
                                                                         Member State ; whereas, pursuant to Article 6a of Regu­
                                                                         lation (EEC) No 1677/85 and without prejudice to
Having regard to the Treaty establishing the European                   Article 7 (2) of Commission Regulation (EEC) No
Economic Community,                                                      3578 /88 of 17 November 1988 laying down detailed
                                                                        rules for the application of the system for the automatic
                                                                        dismantlement of negative monetary compensatory
                                                                         amounts ('), as last amended by Regulation (EEC) No
                                                                         3137/91 (10), those rates are to be the agricultural
                                                                        conversion rates applying to pigmeat; whereas, pursuant
Having regard to Council                 Regulation (EEC) No            to Article 2 (4) of Council Regulation (EEC) No
 1677/85 of 11 June 1985 on              monetary compensatory           1676/ 85 ("), as last amended by Regulation (EEC) No
amounts in agriculture (l), as           last amended by Regu­          2205/90, those rates are also to be used for the
lation (EEC) No 2205/90                 (2), and in particular          conversion of certain other agricultural amounts ;
Article 9 (2) thereof,
                                                                        whereas the rates in question should be fixed to make it
                                                                        easier to use them,
                                                                        HAS ADOPTED THIS REGULATION :
Whereas the monetary compensatory amounts
introduced by Regulation (EEC) No 1677/85 were fixed
by Commission Regulation (EEC) No 1641 /91 (J), as
last amended by Regulation (EEC) No 3277/92 (4), on                                                 Article 1
the basis of the central rates and, for certain Member
States, on the basis of the exchange rates referred to in               The representative market rates referred to in Article 3a
Article 3 of Commission Regulation (EEC) No 3153/85                     of Regulation (EEC) No 3152/85, to be applied for
of 11 November 1985 laying down detailed rules for the                  certain amounts in the context of the common agri­
calculation of monetary compensatory amounts (5), as                    cultural policy and used to fix or, where appropriate, to
last amended by Regulation (EEC) No 3672/89 (');                        adjust the monetary compensatory amounts, are set out
                                                                        in the Annex hereto.
                                                                                                    Article 2
Whereas, in accordance with Article 3a of Commission
Regulation (EEC) No 3152/85 of 11 November 1985                         The agricultural conversion rates for the pigmeat sector
laying down detailed rules for the application of Regu­                 is fixed :
lation (EEC) No 1676/85 on the value of the unit of                     — in the United Kingdom at ECU 1 = £ 0,874575.
account and the conversion rates to be applied for             the
purposes of the common agricultural policy (7), as             last
amended by Regulation (EEC) No 3237/90 (*),                    the
rates used to fix or, where appropriate, adjust                the                                  Article 3
 l) OJ No L 164, 24. 6. 1985, p. 6.
                                                                        This Regulation shall enter into force on 16 November
                                                                        1992 .
 *) OJ No L 201 , 31 . 7. 1990, p. 9.
 ') OJ No L 153, 17. 6. 1991 , p. 1 .
 4) See page 1 of this Official Journal,
 s) OJ  No   L 310,  21 . 11 . 1985, p. 4.
 ') OJ  No   L 358,  8. 12. 1989, p. 28.                                  (*) OJ No L 312, 18. 11 . 1988, p. 16.
 7) OJ  No   L 310,  21 . 11 . 1985, p. 1 .                             (»°) 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 330 /48                        Official Journal of the European Communities                              16. 11 . 92
             This Regulation shall be binding in its entirety and directly applicable in all Member
             States.
             Done at Brussels, 12 November 1992.
                                                                                      For the Commission
                                                                                      Ray MAC SHARRY
                                                                                   Member ofthe Commission
                                                           ANNEX
             Conversion rates used for the calculation of monetary compensatory amounts and to be applied for
                                          certain amounts in the agricultural sector
                                  100 Lit                 1 £                 1 £ Irl             l ECU
               Bfrs/Lfrs          2,49320              51,8346              55,2545              48,5563
                  Dkr             0,461086              9,58618              10,2186              8,97989
                  DM              0,120879              2,51313               2,67893             2,35418
                  FF              0,405413              8,42871               8,98480             7,89563
                   F1             0,136200              2,83165               3,01847             2,65256
                 £ Irl            0,0451221             0,938108                —                 0,878776
                   £              0,0480991               —                   1,06598             0,936754
                  Lit               —               2 079,04             2 216,21             1 947,55
                  Dr             15,1400              314,768              335,535              294,860
                  Esc            10,4215              216,667              230,962              202,964
                  Pta             8,35943             173,796              185,262              162,804