CELEX: 31995R2013
Language: en
Date: 1995-08-18 00:00:00
Title: COMMISSION REGULATION (EC) No 2013/95 of 18 August 1995 fixing the agricultural conversion rates

No L 196/ 16        FEN ]                Official Journal of the European Communities                                  19 . 8 . 95
                                        COMMISSION REGULATION (EC) No 2013/95
                                                        of 18 August 1995
                                           fixing the agricultural conversion rates
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        advance is to be adjusted if the gap between that rate and
 Having regard to the Treaty establishing the European              the agricultural conversion rate in force at the time of the
 Community,                                                         operative event applicable for the amount concerned
                                                                    exceeds four points ; whereas, in that event, the agricul­
 Having regard to Council Regulation (EEC) No 3813/92               tural conversion rate fixed in advance is brought more
 of 28 December 1992 on the unit of account and the
                                                                    closely into line with the rate in force, up to the level of a
 conversion rates to be applied for the purposes of the             gap of four points with that rate ; whereas the rate which
 common agricultural policy ('), as last amended by Regu­           replaces the agricultural conversion rate fixed in advance
 lation (EC) No 1 50/95 (2), and in particular Article 3 ( 1 )      should be specified,
 thereof,
 Whereas the agricultural conversion rates were fixed by
 Commission Regulation (EC) No 1766/95 (3) ;                        HAS ADOPTED THIS REGULATION :
 Whereas Article 4 of Regulation (EEC) No 3813/92
 provides that, subject to confirmation periods being trig­                                   Article 1
gered, the agricultural conversion rate for a currency is to
 be adjusted where the monetary gap between it and the              The agricultural conversion rates are fixed in Annex I
                                                                    hereto .
 representative market rate exceeds certain levels ;
Whereas the representative market rates are determined
 on the basis of basic reference periods or, where appli­                                    Article 2
 cable, confirmation periods, established in accordance
with Article 2 of Commission Regulation (EEC) No                    In the case referred to in Article 15 (3) of Regulation
 1068/93 of 30 April 1993 on detailed rules for deter­              (EEC) No 1068/93, the agricultural conversion rate fixed
 mining and applying the agricultural conversion rates (4),         in advance shall be replaced by the ecu rate for the
 as last amended by Regulation (EC) No 1 053/95 (^) ;               currency concerned, shown in Annex II :
whereas paragraph 2 of that Article provides that, in cases         — Table A, where the latter rate is higher than the rate
where the absolute value of the difference between the                  fixed in advance,
 monetary gaps in two Member States, calculated from the            — Table B, where the latter rate is lower than the rate
 average of the ecu rates for three consecutive quotation               fixed in advance .
 days, exceeds six points, the representative market rates
 are to be adjusted on the basis of the three quotation days
in question ;                                                                                Article 3
Whereas, as a consequence of the exchange rates recorded            Regulation (EC) No 1766/95 is hereby repealed.
from 11 to 20 August 1995, it is necessary to fix a new
agricultural conversion rate for the Italian lira ;                                          Article 4
Whereas Article 15 (2) of Regulation (EEC) No 1068 /93
 provides that an agricultural conversion rate fixed in             This Regulation shall enter into force on 21 August 1995.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 18 August 1995.
                                                                             For the Commission
                                                                                Erkki LIIKANEN
                                                                          Member of the Commission
0 ) OJ No L 387, 31 . 12. 1992, p. 1 .
0   OJ  No  L 22, 31 . 1 . 1995, p. 1 .
(3) OJ  No  L 172, 22. 7. 1995, p. 1 .
(4) OJ  No  L 108 , 1 . 5. 1993, p. 106.
Is) OJ  No  L 107, 12. 5. 1995, p. 4.
 ---pagebreak--- 19 . 8 . 95     I EN I              Official Journal of the European Communities                                No L 196/ 17
                                                           ANNEX I
                                               Agricultural conversion rates
                                    ECU 1           39,5239   Belgian and
                                                              Luxembourg francs
                                                     7,49997  Danish kroner
                                                     1,90616  German marks
                                                   302,927    Greek drachmas
                                                   198,202    Portuguese escudos
                                                     6,61023  French francs
                                                     5,88000  Finnish marks
                                                     2,14021  Dutch guilders
                                                     0,829498 Irish punt
                                                 2 164,34     Italian lire
                                                    13,4084   Austrian schillings
                                                   165,198    Spanish pesetas
                                                     9,91834  Swedish kroner
                                                     0,843954 Pound sterling
                                                          ANNEX II
                             Agricultural conversion rates fixed in advance and adjusted
                               Table A                                                 Table B
            ECU 1 =     38,0038     Belgian and                 ECU 1 =        41,1707      Belgian and
                                     Luxembourg francs                                      Luxembourg francs
                         7,21151    Danish kroner                               7,81247     Danish kroner
                         1,83285    German marks                                1,98558     German marks
                       291,276      Greek drachmas                            315,549       Greek drachmas
                       190,579      Portuguese escudos                        206,460       Portuguese escudos
                         6,35599    French francs                               6,88566     French francs
                         5,65385    Finnish marks                               6,12500     Finnish marks
                         2,05789 Dutch guilders                                 2,22939     Dutch guilders
                         0,797594 Irish punt                                    0,864060    Irish punt
                     2 081,10       Italian lire                           2254,52          Italian lire
                        12,8927     Austrian schillings                        13,9671      Austrian schillings
                       158,844      Spanish pesetas                           172,081       Spanish pesetas
                         9,53687    Swedish kroner                             10,3316      Swedish kroner
                         0,811494 Pound sterling                                0,879119 Pound sterling