CELEX: 31999R0003
Language: en
Date: 1999-01-05 00:00:00
Title: Commission Regulation (EC) No 3/1999 of 5 January 1999 fixing, for December 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

L 2/8                 EN                 Official Journal of the European Communities                               6. 1. 1999
                                     COMMISSION REGULATION (EC) No 3/1999
                                                      of 5 January 1999
                  fixing, for December 1998, the specific agricultural conversion rate for the
                          amount of the reimbursement of storage costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         that specific rate must be fixed each month for the
                                                                    previous month;
Having regard to the Treaty establishing the European
Community,                                                          Whereas application of these provisions will lead to the
                                                                    fixing, for December 1998, of the specific agricultural
                                                                    conversion rate for the amount of the reimbursement of
Having regard to Council Regulation (EEC) No 1785/81                storage costs in the various national currencies as indi-
of 30 June 1981 on the common organisation of the                   cated in the Annex to this Regulation,
markets in the sugar sector (1), as last amended by Regula-
tion (EC) No 1148/98 (2),
                                                                    HAS ADOPTED THIS REGULATION:
Having regard to Commission Regulation (EEC) No
1713/93 of 30 June 1993 establishing special detailed                                        Article 1
rules for applying the agricultural conversion rate in the
sugar sector (3), as last amended by Regulation (EC) No             The specific agricultural conversion rate to be used to
59/97 (4), and in particular Article 1(3) thereof,                  convert the amount of the reimbursement of storage costs
                                                                    referred to in Article 8 of Regulation (EEC) No 1785/81
Whereas Article 1(2) of Regulation (EEC) No 1713/93                 into each of the national currencies for December 1998
provides that the amount of the reimbursement of storage            shall be as indicated in the Annex hereto.
costs referred to in Article 8 of Regulation (EEC) No
1785/81 is to be converted into national currency using a                                    Article 2
specific agricultural conversion rate equal to the average,         This Regulation shall enter into force on 6 January 1999.
calculated pro rata temporis, of the agricultural conver-
sion rates applicable during the month of storage; whereas          It shall apply with effect from 1 December 1998.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 5 January 1999.
                                                                               For the Commission
                                                                                 Franz FISCHLER
                                                                           Member of the Commission
(1) OJ L  177, 1. 7. 1981, p. 4.
(2) OJ L  159, 3. 6. 1998, p. 38.
(3) OJ L  387, 31. 12. 1992, p. 1.
(4) OJ L  22, 31. 1. 1995, p. 1.
 ---pagebreak--- 6. 1. 1999     EN                Official Journal of the European Communities                       L 2/9
                                                       ANNEX
           to the Commission Regulation of 5 January 1999 fixing, for December 1998, 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
                                        7,56225         Danish kroner
                                        1,98391         German marks
                                      338,319           Greek drachmas
                                      168,336           Spanish pesetas
                                        6,68769         French francs
                                        0,796521        Irish pound
                                    1 973,93            Italian lire
                                        2,23593         Dutch guilders
                                       13,9576          Austrian schillings
                                      203,183           Portuguese escudos
                                        6,02811         Finnish marks
                                        9,35538         Swedish kroner
                                        0,698159        Pound sterling