CELEX: 31998R1884
Language: en
Date: 1998-09-02 00:00:00
Title: Commission Regulation (EC) No 1884/98 of 2 September 1998 fixing, for August 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

L 244/8               EN                 Official Journal of the European Communities                                  3. 9. 98
                                    COMMISSION REGULATION (EC) No 1884/98
                                                     of 2 September 1998
                  fixing, for August 1998, the specific agricultural conversion rate for the amount
                               of the reimbursement of storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         sion rates applicable during the month of storage; whereas
Having regard to the Treaty establishing the European               that specific rate must be fixed each month for the
Community,                                                          previous month;
Having regard to Council Regulation (EEC) No 1785/81                Whereas application of these provisions will lead to the
of 30 June 1981 on the common organisation of the                   fixing, for August 1998, of the specific agricultural
markets in the sugar sector (1), as last amended by Regula-         conversion rate for the amount of the reimbursement of
tion (EC) No 1148/98 (2),                                           storage costs in the various national currencies as indi-
                                                                    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
conversion rates to be applied for the purposes of the              HAS ADOPTED THIS REGULATION:
common agricultural policy (3), as last amended by Regu-
lation (EC) No 150/95 (4),                                                                   Article 1
Having regard to Commission Regulation (EEC) No                     The specific agricultural conversion rate to be used to
1713/93 of 30 June 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) No             into each of the national currencies for August 1998 shall
59/97 (6), and in particular Article 1(3) thereof,                  be as indicated in the Annex hereto.
Whereas Article 1(2) of Regulation (EEC) No 1713/93
provides that the amount of the reimbursement of storage                                     Article 2
costs referred to in Article 8 of Regulation (EEC) No               This Regulation shall enter into force on 3 September
1785/81 is to be converted into national currency using a           1998.
specific agricultural conversion rate equal to the average,
calculated pro rata temporis, of the agricultural conver-           It shall apply with effect from 1 August 1998.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 2 September 1998.
                                                                               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  387, 31. 12. 1992, p. 1.
(4) OJ L  22, 31. 1. 1995, p. 1.
(5) OJ L  159, 1. 7. 1993, p. 94.
(6) OJ L  14, 17. 1. 1997, p. 25.
 ---pagebreak--- 3. 9. 98     EN                Official Journal of the European Communities                       L 244/9
                                                     ANNEX
         to the Commission Regulation of 2 September 1998 fixing, for August 1998, 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
                                      7,56225         Danish kroner
                                      1,98391         German marks
                                    338,319           Greek drachmas
                                    168,336           Spanish pesetas
                                      6,68769         French francs
                                      0,796521        Irish pound
                                  1 973,93            Italian lire
                                      2,23593         Dutch guilders
                                     13,9576          Austrian schillings
                                    203,183           Portuguese escudos
                                      6,02811         Finnish marks
                                      8,79309         Swedish kroner
                                      0,677353        Pound sterling