CELEX: 31999R1462
Language: en
Date: 1999-07-02 00:00:00
Title: Commission Regulation (EC) No 1462/1999 of 2 July 1999 fixing, for June 1999, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector

3. 7. 1999            EN               Official Journal of the European Communities                                   L 168/9
                                 COMMISSION REGULATION (EC) No 1462/1999
                                                      of 2 July 1999
                  fixing, for June 1999, the specific exchange rate for the amount of the reimburse-
                                      ment of storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                       result of the introduction of the agrimonetary arrange-
                                                                  ments for the euro from that date, the fixing of the
Having regard to the Treaty establishing the European
                                                                  conversion rate should be limited to the specific exchange
Community,
                                                                  rates prevailing between the euro and the national curren-
Having regard to Council Regulation (EEC) No 1785/81              cies of the Member States that have not adopted the
of 30 June 1981 on the common organisation of the                 single currency;
markets in the sugar sector (1), as last amended by
Commission Regulation (EC) No 1148/98 (2),                        Whereas application of these provisions will lead to the
                                                                  fixing, for June 1999, of the specific exchange rate for the
Having regard to Council Regulation (EC) No 2799/98 of            amount of the reimbursement of storage costs in the
15 December 1998 establishing agrimonetary arrange-               various national currencies as indicated in the Annex to
ments for the euro (3),                                           this Regulation,
Having regard to Commission Regulation (EEC) No
1713/93 of 30 June 1993 establishing special detailed             HAS ADOPTED THIS REGULATION:
rules for applying the agricultural conversion rate in the
sugar sector (4), as last amended by Regulation (EC) No
624/1999 (5), and in particular Article 1(3) thereof,                                      Article 1
Whereas Article 1(2) of Regulation (EEC) No 1713/93               The specific exchange rate to be used for converting the
provides that the amount of the reimbursement of storage          amount of the reimbursement of the storage costs referred
costs referred to in Article 8 of Regulation (EEC) No             to in Article 8 of Regulation (EEC) No 1785/81 into
1785/81 is to be converted into national currency using a         national currency for June 1999 shall be as indicated in
specific agricultural conversion rate equal to the average,       the Annex hereto.
calculated pro rata temporis, of the agricultural conver-
sion rates applicable during the month of storage; whereas                                 Article 2
that specific rate must be fixed each month for the               This Regulation shall enter into force on 3 July 1999.
previous month; whereas, however, in the case of the
reimbursable amounts applying from 1 January 1999, as a           It shall apply with effect from 1 June 1999.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 2 July 1999.
                                                                              For the Commission
                                                                                Franz FISCHLER
                                                                         Member of the Commission
(1) OJ L 177, 1.7.1981, p. 4.
(2) OJ L 159, 3.6.1998, p. 38.
(3) OJ L 349, 24.12.1998, p. 1.
(4) OJ L 159, 1.7.1993, p. 94.
(5) OJ L 78, 24.3.1999, p. 9.
 ---pagebreak--- L 168/10     EN              Official Journal of the European Communities                             3. 7. 1999
                                                  ANNEX
         to the Commission Regulation of 2 July 1999 fixing, for June 1999, the exchange rate for the
                   amount of the reimbursement of storage costs in the sugar sector
                                            Specific exchange rate
                       EUR 1 =      7,43121        Danish kroner
                                 324,172           Greek drachma
                                    8,83455        Swedish kroner
                                    0,650070       Pound sterling