CELEX: 31997R2427
Language: en
Date: 1997-12-05 00:00:00
Title: COMMISSION REGULATION (EC) No 2427/97 of 5 December 1997 fixing, for November 1997, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

6 . 12. 97             EN              Official Journal of the European Communities                              L 335/ 11
                                      COMMISSION REGULATION (EC) No 2427/97
                                                      of 5 December 1997
                     fixing, for November 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;
 Having regard to the Treaty establishing the European             whereas that specific rate must be fixed each month for
 Community,                                                        the previous month;
 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 November 1997, of the specific agricultural
                                                                   conversion rate for the amount of the reimbursement of
 markets in the sugar sector ('), as last amended by Regula­
 tion (EC) No 1 599/96 (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 1 50/95 (4),                                                                Article 1
 Having regard to Commission Regulation (EEC)                      The specific agricultural conversion rate to be used to
 No 1713/93 of 30 July 1993 establishing special detailed          convert the amount of the reimbursement of storage costs
 rules for applying the agricultural conversion rate in the        referred to in Article 8 of Regulation (EEC) No 1785/81
 sugar sector (5), as last amended by Regulation (EC)              into each of the national currencies for November 1997
 No 59/97 (6), and in particular Article 1 (3) thereof,            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                                   Article 2
 costs referred to in Article 8 of Regulation (EEC)                This Regulation shall enter into force on 6 December
 No 1785/81 is to be converted into national currency              1997.
 using a specific agricultural conversion rate equal to the
 average, calculated pro rata temporis, of the agricultural        It shall apply with effect from 1 November 1997.
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States .
                    Done at Brussels, 5 December 1997.
                                                                            For the Commission
                                                                               Franz FISCHLER
                                                                        Member of the Commission
(')  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 .
(*)  OJ  L 159, 1 . 7. 1993, p. 94.
 6   OJ  L 14, 17. 1 . 1997, p. 25.
 ---pagebreak--- L 335/ 12   I EN I             Official Journal of the European Communities                        6. 12. 97
                                                       ANNEX
          to the Commission Regulation of 5 December 1997 fixing, for November 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