CELEX: 31992R2777
Language: en
Date: 1992-09-28 00:00:00
Title: Commission Regulation (EEC) No 2777/92 of 24 September 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 Italy and the United Kingdom

No L 283 /46                                  Official Journal of the European Communities                                 28 . 9 . 92
                                             COMMISSION REGULATION (EEC) No 2777/92
                                                              of 24 September 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
                                                         Italy and the United Kingdom
 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
                                                                            lation (EEC) No 1677/85 and without prejudice to
                                                                            Article 7 (2) of Commission Regulation (EEC) No
                                                                            3578 / 88 of 17 November 1988 laying down detailed
 Having regard to the Treaty establishing the European                      rules for the application of the system for the automatic
 Economic Community,                                                        dismantlement of negative monetary compensatory
                                                                            amounts ('), as last amended by Regulation (EEC) No
                                                                            3137/91 (,0), 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 (n), as last amended by Regulation (EEC) No
                                                                           2205/ 90, those rates are also to be used for the
 amounts in agriculture ('), as            last amended by Regu­
 lation (EEC) No 2205/90                  (2), and in particular           conversion of certain other agricultural amounts ;
 Article 9 ( 1 ) thereof,                                                  whereas the rates in question should be fixed to make it
                                                                           easier to use them ;
 Whereas the monetary compensatory amounts                                 HAS ADOPTED THIS REGULATION :
 introduced by Regulation (EEC) No 1677/85 were fixed
 by Commission Regulation (EEC) No 1641 /91 (J), as
 last amended by Regulation (EEC) No 2776/92 (4), on
 the basis of the central rates and, for certain Member                                               Article 1
 States, on the basis of the exchange rates referred to in
 Article 3 of Commission Regulation (EEC) No 3153 / 85                     The representative market rates referred to in Article 3a
 of 11 November 1985 laying down detailed rules for the                    of Regulation (EEC) No 3152/85, to be applied for
 calculation of monetary compensatory amounts (5), as                      certain amounts in the context of the common agri­
 last amended by Regulation (EEC) No 3672 / 89 (6);                        cultural policy and used to fix or, where appropriate, to
                                                                           adjust the monetary compensatory amounts, are set out
                                                                           in the Annex hereto .
Whereas, in accordance with Article 3a of Commission
 Regulation (EEC) No 3152/85 of 11 November 1985                                                      Article 2
 laying down detailed rules for the application of Regu­
lation (EEC) No 1676/ 85 on the value of the unit of                      The agricultural conversion rates for the pigmeat sector
account and the conversion rates to be applied for the                     is fixed
purposes of the common agricultural policy (7), as last                   — in Italy at ECU 1 = 1 931,48 Italian lira
amended by Regulation (EEC) No 3237/90 (*), the                           — in the United Kingdom at ECU 1 = 0,874575 pound
rates used to fix or, where appropriate, adjust the                             sterling.
monetary compensatory amounts, from this time forth
defined as representative market rates, are to be used for
O OJ No L 164 , 24 . 6 . 1985 , p. 6 .                                                                Article 3
O OJ No L 201 , 31 . 7 . 1990 , p. 9 .
O OJ No L 153 , 17 . 6. 1991 , p. 1 .                                     This Regulation shall enter into force on 28 September
                                                                           1992 .
O 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 .                                O OJ No L 312 , 18 . 11 . 1988 , p. 16 .
(') OJ  No L  310 ,  21 . 11 . 1985 , p. 1 .                              H 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--- 28 . 9 . 92                     Official Journal of the European Communities                       No L 283 /47
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 24 September 1992.
                                                                           For the Commission
                                                                            Ray MAC SHARRY
                                                                         Member ofthe Commission
 ---pagebreak--- No L 283 / 48                        Official Journal of the European Communities                              28 . 9 . 92
                                                            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         1 ECU
                Bfrs /Lfrs         2,50700              53,9301               55,2545          48,5563
                  Dkr              0,463639              9,97370              10,2186           8,97989
                  DM               0,121548              2,61472               2,67893          2,35418
                   FF              0,407657              8,76944               8,98480          7,89563
                    F1             0,136954              2,94612               3,01847          2,65256
                  £ Irl            0,0453719             0,976031                 —             0,878776
                    £              0,0464861               —                    1,02456         0,900357
                   Lit               —               2 151,18              2 204,01         1 936,83
                   Dr             15,0062              322,810               330,737          290,644
                   Esc            10,2954              221,472               226,911          199,404
                   Pta             8,35954             179,829               184,245          161,910