CELEX: 31988R0992
Language: en
Date: 1988-04-16 00:00:00
Title: Commission Regulation (EEC) No 992/88 of 14 April 1988 amending Regulation (EEC) No 3938/87 fixing the monetary compensatory amounts in the agricultural sector and certain coefficients and rates required for their application

16. 4. 88                                Official Journal of the European Communities                             No L 99/5
                                        COMMISSION REGULATION (EEC) No 992/88
                                                         of 14 April 1988
                   amending Regulation (EEC) No 3938/87 fixing the monetary compensatory
                   amounts in the agricultural sector and certain coefficients and rates required for
                                                         their application
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         pursuant to Regulation (EEC) No 3153/85 in the period
Having regard to the Treaty establishing the European               from 6 to 12 April 1988 for the peseta require in theory,
Economic Community,                                                 pursuant to Article 9 (2) of Regulation (EEC) No 1677/85,
                                                                    the monetary compensatory amounts applicable for Spain
Having regard to Council Regulation (EEC) No 1677/85                to be altered ; whereas, however, the monetary gap for all
of 11 June 1985 on monetary compensatory amounts in                 sectors due to the variation in the peseta over that period
agriculture ('), as last amended by Regulation (EEC) No             is within the neutral margin laid down for the fixation of
 1889/87 (2), and in particular Articles 9 (2) and 6a (2)           the monetary compensatory amounts ; whereas, however,
thereof,                                                            the conversion rates for the peseta laid down pursuant to
                                                                    Article 10 of Regulation (EEC) No 1677/85 should be
Having regard to Council Regulation (EEC) No 1678/85                updated,
of 11 June 1985 fixing the conversion rates to be applied
in agriculture (3), as last amended by Regulation (EEC) No
887/88 (4),                                                          HAS ADOPTED THIS REGULATION :
Whereas the monetary compensatory amounts introduced
by Regulation (EEC) No 1677/85 were fixed by Commis­                                          Article 1
sion Regulation (EEC) No 3938/87 (*), as last amended by
Regulation (EEC) No 929/88 (*) ;                                    Annex III to Regulation (EEC) No 3938/87 is hereby
                                                                     replaced by the Annex hereto.
Whereas Commission Regulation (EEC) No 3153/85 0,
as last amended by Regulation (EEC) No 3770/87 (8), lays                                      Article 2
down the rules for calculating the monetary compensatory
amounts ; whereas the spot market rates recorded                    This Regulation shall enter into force on 18 April 1988 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 14 April 1988.
                                                                              For the Commission
                                                                               Frans ANDRIESSEN
                                                                                  Vice-President
(') OJ  No  L  164, 24. 6. 1985, p. 6.
0   OJ  No  L  182, 3. 7. 1987, p. 1 .
0   OJ  No  L  164, 24. 6. 1985, p. 11 .
0   OJ  No  L  88, 1 . 4l 1988, p. 6.
0   OJ  No  L  372, 31 . 12. 1987, p. 1 .
0   OJ  No  L  93, 11 . 4. 1988, p. 1 .
0   OJ  No  L  310, 21 . 11 . 1985, p. 4.
(•) OJ  No  L  355, 17. 12. 1987, p. 16.
 ---pagebreak--- No L 99/6           Official Journal of the European Communities          16. 4. 88
                                        ANNEX
                                       ANNEX III
             Application of Article 10 of Regulation (EEC) No 1677/85 '
                              100 Lit            1 £            1 £ Irl
          Bfrs/Lfrs          2,79908            64,6653        55,2545
            Dkr              0,517655           11,9591        10,2187
            DM               0,135710            3,13522         2,67895
             FF              0,455152           10,5151          8,98483
             F1              0,152910            3,53258         3,01849
           £ Irl             0,0506579           1,17032         —
              £              0,0432856           —
                                                                 0,854468
             Lit                 —,          2 310,24       1 974,02
             Dr             10,8217            250,007        213,623
             Esc            11,0419            255,094        217,970
             Pta             8,94621           206,679        176,600'