CELEX: 31998R2045
Language: en
Date: 1998-09-25 00:00:00
Title: Commission Regulation (EC) No 2045/98 of 25 September 1998 correcting Regulation (EC) No 777/98 fixing, for March 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

L 263/20              EN               Official Journal of the European Communities                                   26. 9. 98
                                   COMMISSION REGULATION (EC) No 2045/98
                                                  of 25 September 1998
                  correcting Regulation (EC) No 777/98 fixing, for March 1998, the specific agricul-
                  tural conversion rate for the amount of the reimbursement of storage costs in the
                                                        sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                       Whereas Commission Regulation (EC) No 777/98 (7) fixes
                                                                  the specific agricultural conversion rate for the amount of
Having regard to the Treaty establishing the European
                                                                  the reimbursement of storage costs in the sugar sector for
Community,
                                                                  March 1998;
Having regard to Council Regulation (EEC) No 1785/81
                                                                  Whereas it has been found that there is an error in the
of 30 June 1981 on the common organisation of the
                                                                  special agricultural conversion rates for the Greek
markets in the sugar sector (1), as last amended by
                                                                  drachma, the Portuguese escudo and the Spanish peseta
Commission Regulation (EC) No 1148/98 (2),
                                                                  listed in the Annex to that Regulation; whereas the Regu-
Having regard to Council Regulation (EEC) No 3813/92              lation in question should therefore be corrected;
of 28 December 1992 on the unit of account and the                Whereas application of these provisions will lead to the
conversion rates to be applied for the purposes of the            fixing, for March 1998, of the specific agricultural conver-
common agricultural policy (3), as last amended by Regu-          sion rate for the amount of the reimbursement of storage
lation (EC) No 150/95 (4),                                        costs for the various national currencies as indicated in
Having regard to Commission Regulation (EEC) No                   the Annex to this Regulation,
1713/93 of 30 June 1993 establishing special detailed
rules for applying the agricultural conversion rate in the
                                                                  HAS ADOPTED THIS REGULATION:
sugar sector (5), as last amended by Regulation (EC) No
59/97 (6), and in particular Article 1(3) thereof,
                                                                                             Article 1
Whereas Article 1(2) of Regulation (EEC) No 1713/93
provides that the amount of the reimbursement of storage          The Annex to Regulation (EC) No 777/98 is hereby
costs referred to in Article 8 of Regulation (EEC) No             replaced by the Annex to this Regulation.
1785/81 is to be converted into national currency using a
specific agricultural conversion rate equal to the average,                                  Article 2
calculated pro rata temporis, of the agricultural conver-         This Regulation shall enter into force on 26 September
sion rates applicable during the month of storage; whereas        1998.
that specific rate must be fixed each month for the
previous month;                                                   It shall apply with effect from 1 March 1998.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 25 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.                                 (7) OJ L 111, 9. 4. 1998, p. 70.
 ---pagebreak--- 26. 9. 98     EN                Official Journal of the European Communities                       L 263/21
                                                       ANNEX
                                                      ‘ANNEX
          to the Commission Regulation of 8 April 1998 fixing, for March 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
                                       7,54999         Danish kroner
                                       1,98243         German marks
                                     326,917           Greek drachmas
                                     167,557           Spanish pesetas
                                       6,68769         French francs
                                       0,795837        Irish pound
                                   1 973,93            Italian lire
                                       2,23276         Dutch guilders
                                      13,9485          Austrian schillings
                                     202,325           Portuguese escudos
                                       6,02811         Finnish marks
                                       8,79309         Swedish kroner
                                       0,695735        Pound sterling'