CELEX: 31998R0007
Language: en
Date: 1998-01-06 00:00:00
Title: COMMISSION REGULATION (EC) No 7/98 of 6 January 1998 fixing, for December 1997, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

7. 1. 98           ¬ EN ¬               Official Journal of the European Communities                                 L 3/3
                                      COMMISSION REGULATION (EC) No 7/98
                                                      of 6 January 1998
                 fixing, for December 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,
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 organization of the                 fixing, for December 1997, 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 1599/96 (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 1713/93 of 30 July 1993 establishing special detailed          The specific agricultural conversion rate to be used to
rules for applying the agricultural conversion rate in the        convert the amount of the reimbursement of storage costs
sugar sector (5), as last amended by Regulation (EC)              referred to in Article 8 of Regulation (EEC) No 1785/81
No 59/97 (6), and in particular Article 1 (3) thereof,            into each of the national currencies for December 1997
                                                                  shall 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
costs referred to in Article 8 of Regulation (EEC)                                         Article 2
No 1785/81 is to be converted into national currency              This Regulation shall enter into force on 7 January 1998.
using a specific agricultural conversion rate equal to the
average, calculated pro rata temporis, of the agricultural        It shall apply with effect from 1 December 1997.
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                 States.
                 Done at Brussels, 6 January 1998.
                                                                           For the Commission
                                                                              Franz FISCHLER
                                                                       Member of the Commission
(1) 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.
(5) OJ L 159, 1. 7. 1993, p. 94.
(6) OJ L 14, 17. 1. 1997, p. 25.
 ---pagebreak--- L 3/4   ¬ EN ¬             Official Journal of the European Communities                        7. 1. 98
                                                  ANNEX
      to the Commission Regulation of 6 January 1998 fixing, for December 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 pound
                                1 973,93           Italian lire
                                    2,23273        Dutch guilders
                                   13,9485         Austrian schillings
                                  200,321          Portuguese escudos
                                    6,02811        Finnish marks
                                    8,65258        Swedish kroner
                                    0,695735       Pound sterling