CELEX: 31989R2777
Language: en
Date: 1989-09-15 00:00:00
Title: Commission Regulation (EEC) No 2777/89 of 14 September 1989 amending Regulation (EEC) No 1876/89 fixing the monetary compensatory amounts applicable in the agricultural sector and certain coefficients and rates required for their application

No L 268/ 16                              Official Journal of the European Communities                                15. 9. 89
                                        COMMISSION REGULATION (EEC) No 2777/89
                                                      of 14 September 1989
                   amending Regulation (EEC) No 1876/89 fixing the monetary compensatory
                   amounts applicable in the agricultural sector and certain coefficients and rates
                                                  required for their application
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         compensatory amounts applicable for Italy to be altered ;
Having regard to the Treaty establishing the European               whereas, however, the monetary gap for all sectors due to
Economic Community,                                                 the variation in the lira over that period is within the
                                                                    neutral margin laid down for the fixation of the monetary
Having regard to Council Regulation (EEC) No 1677/85                compensatory amounts ; whereas, however, the conversion
of 11 June 1985 on monetary compensatory amounts in                 rates for the peseta laid down pursuant to Article 3a of
agriculture ('), as last amended by Regulation (EEC) No             Commission Regulation (EEC) No 3152/85 Q should be
1889/87 (2), and in particular Article 9 (2) and Article 6a         updated for the Italian lira, as last amended by Regulation
(2) thereof,                                                        (EEC) No 2300/89 (8),
Whereas the monetary compensatory amounts introduced
by Regulation (EEC) No 1677/85 were fixed by                        HAS ADOPTED THIS REGULATION : ...
Commission Regulation (EEC) No 1 876/89 (3), as last
amended by Regulation (EEC) No 2707/89 (4) ;
                                                                                              Article 1
Whereas Commission Regulation (EEC) No 3153/85 (*) as
last amended by Regulation (EEC) No 2301 /89 (6), lays              Annex III to Regulation (EEC) No 1876/89 is hereby
down the rules for calculating monetary compensatory                replaced by the Annex to this Regulation.
amounts ; whereas the spot market rates recorded
pursuant to Regulation (EEC) No 3153/85 in the period                                         Article 2
from 6 to 12 September 1989 for the Italian lira require
in theory, pursuant to the second subparagraph of Article           This Regulation shall enter into force on 18 September
5 (3) of Regulation (EEC) No 1677/85, the monetary                   1989 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 14 September 1989.
                                                                             For the Commission
                                                                               Ray MAC SHARRY
                                                                          Member of the Commission
(') OJ No  L   164, 24. 6. 1985, p. 6.
(2) OJ No  L   182, 3. 7. 1987, p. 1 .
(J) OJ No  L   188, 1 . 7. 1989, p. 1 .
0   OJ No  L   262, 8. 9. 1989, p. 11 .
0   OJ No  L   310, 21 . 11 . 1985, p. 4.                           f) OJ No L 310, 21 . 11 . 1985, p. 1 .
(') OJ No  L   220, 29. 7. 1989, p. 9.                              («) OJ No L 220, 29. 7. 1989, p. 8 .
 ---pagebreak--- 15. 9. 89                       Official Journal of the European Communities                  No L 268/ 17
                                                     ANNEX
                                                    ANNEX III
            Conversion rates used to fix the monetary compensatory amounts and referred to in
                                   Article 3a of Regulation (EEC) No 3152/85
          \                    Lit 100               £ 1             £ Irl 1      ECU 1
              Bfrs/Lfrs       2,89696               63,8256          55,2545      48,2869
                Dkr           0,535758              11,8038          10,2187       8,93007
                DM            0,140456               3,09451          2,67895      234113
                 FF           0,471069              10,3786           8,98483      7,85183
                 F1           0,158257               3,48671          3,01849      2,63785
               £ Irl          0,0524290              1,15512           —
                                                                                   0,873900
                  £           0,0453890              —
                                                                      0,865710     0,756544
                 Lit              —   '          2 203,19         1 907^2      1 666,81
                 Dr          12,0080               264,560          229,032      200,151
                 Esc         11,6381               256,409          221,976      193,985
                 Pta          8,72541              192,237          166,422      145,436*