CELEX: 31997R2196
Language: en
Date: 1997-11-04 00:00:00
Title: COMMISSION REGULATION (EC) No 2196/97 of 4 November 1997 fixing, for October 1997, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

5. 11 . 97           | EN I             Official Journal of the European Communities                               L 301 /9
                                      COMMISSION REGULATION (EC) No 2196/97
                                                      of 4 November 1997
                   fixing, for October 1997, the specific agricultural conversion rate for the amount
                                 of the reimbursement of storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        conversion rates applicable during the month of storage;
                                                                   whereas that specific rate must be fixed each month for
 Having regard to the Treaty establishing the European             the previous month;
 Community,
                                                                   Whereas application of these provisions will lead to the
 Having regard to Council Regulation (EEC) No 1785/81
 of 30 June 1981 on the common organization of the                 fixing, for October 1997, of the specific agricultural
                                                                   conversion rate for the amount of the reimbursement of
 markets in the sugar sector ('), as last amended by Regula­
                                                                   storage costs in the various national currencies as indi­
 tion (EC) No 1599/96 (2),
                                                                   cated in the Annex to this Regulation,
 Having regard to Council Regulation (EEC) No 3813/92
of 28 December 1992 on the unit of account and the
                                                                   HAS ADOPTED THIS REGULATION :
conversion rates to be applied for the purposes of the
common agricultural policy (3), as last amended by Regu­
 lation (EC) No 1 50/95 (4),                                                                Article 1
 Having regard to Commission Regulation (EEC)                      The specific agricultural conversion rate to be used to
 No 1713/93 of 30 July 1993 establishing special detailed          convert the amount of the reimbursement of storage costs
rules for applying the agricultural conversion rate in the         referred to in Article 8 of Regulation (EEC) No 1785/81
sugar sector (5), as last amended by Regulation (EC)               into each of the national currencies for October 1997
 No 59/97 (6), and in particular Article 1 (3) thereof,            shall be as indicated in the Annex hereto .
Whereas Article 1 (2) of Regulation (EEC) No 1713/93
                                                                                            Article 2
 provides that the amount of the reimbursement of storage
costs referred to in Article 8 of Regulation (EEC)                 This Regulation shall enter into force on 5 November
 No 1785/81 is to be converted into national currency              1997.
using a specific agricultural conversion rate equal to the
average, calculated pro rata temporis, of the agricultural         It shall apply with effect from 1 October 1997.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 4 November 1997.
                                                                            For the Commission
                                                                               Franz FISCHLER
                                                                        Member of the Commission
(') OJ  L 177, 1 . 7. 1981 , p. 4.
(2) OJ  L 206, 16. 8 . 1996, p. 43.
(3) OJ  L 387, 31 . 12. 1992, p. 1 .
(4) OJ  L 22, 31 . 1 . 1995, p. 1 .
(s) OJ  L 159, 1 . 7. 1993, p. 94.
 *) OJ  L 14, 17. 1 . 1997, p. 25.
 ---pagebreak--- L 301 / 10     EN               Official Journal of the European Communities                        5 . 11 . 97
                                                        ANNEX
           to the Commission Regulation of 4 November 1997 fixing, for October 1997, the specific
           agricultural conversion rate for the amount of the reimbursement of storage costs in the
                                                    sugar sector
                                              Agricultural conversion rates
                          ECU 1 =       40,9321          Belgian and Luxembourg francs
                                         7,54917         Danish kroner
                                         1,98243         German marks
                                       312,011           Greek drachmas
                                       167,153           Spanish pesetas
                                         6,68769         French francs
                                         0,759189        Irish punt
                                     1 973,93            Italian lire
                                         2,23273         Dutch guilders
                                        13,9485         Austrian schillings
                                       200,321          Portuguese escudos
                                         6,02811        Finnish marks
                                         8,72775        Swedish kroner
                                         0,695735       Pound sterling