CELEX: 31992R2874
Language: en
Date: 1992-10-05 00:00:00
Title: Commission Regulation (EEC) No 2874/92 of 1 October 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 289 /42                                  Official Journal of the European Communities                                5 . 10. 92
                                          COMMISSION REGULATION (EEC) No 2874/92
                                                             of 1 October 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 (10), those rates are to be the agricultural
                                                                         conversion rates applying to pigmeat; whereas, pursuant
                                                                         to Article 2 (4) of Council Regulation (EEC) No
Having regard to Council                 Regulation (EEC) No              1676/85 ("), as last amended by Regulation (EEC) No
1677/85 of 11 June 1985 on               monetary compensatory           2205/90, ' those rates are also to be used for the
amounts in agriculture ('), as           last amended by Regu­           conversion of certain other agricultural amounts;
lation (EEC) No 2205/90                 (*), and in particular           whereas the rates in question should be fixed to make it
Article 9 (2) thereof,                                                   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                                                  Article 1
last amended by Regulation (EEC) No 2873/92 (4), on
the basis of the central rates and, for certain Member                   The representative market rates referred to in Article 3a
States, on the basis of the exchange rates referred to in                of Regulation (EEC) No 3152/85, to be applied for
Article 3 of Commission Regulation (EEC) No 3153/85                      certain amounts in the context of the common agri­
of 1 1 November 1985 laying down detailed rules for the                  cultural policy and used to fix or, where appropriate, to
calculation of monetary compensatory amounts (*), as                     adjust the monetary compensatory amounts, are set out
last amended by Regulation (EEC) No 3672/89 (*);                         in the Annex hereto.
                                                                                                    Article 2
Whereas, in accordance with Article 3a of Commission                     The agricultural conversion rates for the pigmeat sector
Regulation (EEC) No 3152/85 of 11 November 1985                          is fixed :
laying down detailed rules for the application of Regu­
lation (EEC) No 1676/85 on the value of the unit of
account and the conversion rates to be applied for the                   — in Italy at ECU 1 — 1 931,48 Italian lira,
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                      — in the United Kingdom at ECU 1 « 0,874575 pound
monetary compensatory amounts, from this time forth                           sterling.
defined as representative market rates, are to be used for
 1) OJ No L 164, 24. 6. 1985, p. 6.                                                                 Article 3
 2) OJ No L 201 , 31 . 7. 1990, p. 9.
 *) OJ No L 153, 17. 6. 1991 , p. 1 .                                    This Regulation shall enter into force on 5 October
                                                                         1992.
 4) See page 1 of this Official Journal.
 f) OJ  No L  310,   21 . 11 . 1985, p. 4.
 ♦) OJ  No L  358 ,  8 . 12. 1989, p. 28 .                                C) OJ No L 312, 18 . 11 . 1988, p. 16.
 0  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--- 5. 10. 92                     Official Journal of the European Communities                       No L 289/43
          This Regulation shall be binding in its entirety and directly applicable in all Member
          States.
          Done at Brussels, 1 October 1992.
                                                                         For the Commission
                                                                          Ray MAC SHARRY
                                                                      Member ofthe Commission
 ---pagebreak--- No L 289/44                        Official Journal of the European Communities                              5 . 10. 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            10,5456              226,854               232,426          204,250
                 Pta             8,21698             176,762               181,103          159,149