CELEX: 31989R2707
Language: en
Date: 1989-09-08 00:00:00
Title: Commission Regulation (EEC) No 2707/89 of 7 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

8 . 9 . 89                                 Official Journal of the European Communities                           No L 262/ 11
                                        COMMISSION REGULATION (EEC) No 2707/89
                                                        of 7 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,                           monetary compensatory amounts applicable for Italy to
                                                                     be altered ; whereas, however, the monetary gap for all
Having regard to the Treaty establishing the European                sectors due to the variation in the lira over that period is
Economic Community,
                                                                     within the neutral margin laid down for the fixation of
Having regard to Council Regulation (EEC) No 1677/85                 the monetary compensatory amounts ; whereas, however,
of 11 June 1985 on monetary compensatory amounts in                  the conversion rates for the peseta laid down pursuant to
agriculture ('), as last amended by Regulation (EEC) No              Article 3a of Commission Regulation (EEC) No
1889/87 (2), and in particular Article 9 (2) and Article 6a          31 52/85 0 should be updated for the Italian lira, as last
(2) thereof,                                                         amended by Regulation (EEC) No 2300/89 f),
Whereas the monetary compensatory amounts introduced
by Regulation (EEC) No 1677/85 were fixed by                          HAS ADOPTED THIS REGULATION :
Commission Regulation (EEC) No 1876/89 (3), as last
amended by Regulation (EEC) No 2633/89 (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 30 August to 5 September 1989 for the Italian lira
require in theory, pursuant to the second subparagraph of            This Regulation shall enter into force on 1 1 September
Article 5 (3) of Regulation (EEC) No 1677/85, the                     1989.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 7 September 1989.
                                                                               For the Commission
                                                                                Ray MAC SHARRY
                                                                           Member of the Commission
 ') OJ   No L   164, 24. 6. 1985, p. 6.
 2) OJ   Nò L   182, 3 . 7. 1987, p. 1 .
 ') OJ   No L   188, 1 . 7. 1989, p. 1 .
 <) OJ   No L  256,  1 . 9 . 1989, p. 1 .
 <) OJ   No L  310,  21 . 11 . 1985, p. 4.                            O OJ No L 310, 21 . 11 . 1985, p. 1 .
 ') OJ   No L  220,  29 . 7. 1989, p. 9.                              (8) OJ No L 220, 29 . 7. 1989, p. 8 .
 ---pagebreak--- No L 262/ 12                     Official Journal of the European Communities                  8 . 9. 89
                                                      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       2,89580              63,8256           55,2545      48,2869
                 Dkr           0,535543             11,8038           10,2187       8,93007
                 DM         ' 0,140399               3,09451           2,67895      2,34113
                  FF           0,470880             10,3786            8,98483      7,85183
                  F1           0,158194              3,48671           3,01849      2,63785
                 £ Irl         0,0524080             1,15512                        0,873900
                   £           0,0453700             —
                                                                       0,865710     0,756544
                  Lit             —
                                                 2 204,08          1 908,09     1 667,48
                  Dr          12,0032              264,560           229,032      200,151
                  Esc         11,6334              256,409           221,976      193,985
                  Pta          8,72190             192,237           166,422      145,436'