CELEX: 31992R2705
Language: en
Date: 1992-09-17 00:00:00
Title: Commission Regulation (EEC) No 2705/92 of 16 September 1992 fixing the representative market rates to be applied for certain amounts in the context of the common agricultural policy and, in particular, for the calculation of the monetary compensatory amounts

17 . 9. 92                                Official Journal of the European Communities                            No L 273 /43
                                       COMMISSION REGULATION (EEC) No 2705/92
                                                       of 16 September 1992
                  fixing the representative market rates to be applied for certain amounts in the context of
                  the common agricultural policy and, in particular, for the calculation of the monetary
                                                       compensatory amounts
THE COMMISSION OF THE EUROPEAN                                      Member State ; whereas, pursuant to Article 6a of Regu­
COMMUNITIES,                                                         lation (EEC) No 1677/85 and without prejudice to
                                                                    Article 7 (2) of Commission Regulation (EEC) No
Having regard to the Treaty establishing the European                3578/88 of 17 November 1988 laying down detailed
Economic Community,                                                  rules for the application of the system for the automatic
Having regard to Council              Regulation (EEC) No            dismantlement of negative monetary compensatory
 1677/85 of 11 June 1985 on           monetary compensatory          amounts (*), as last amended by Regulation (EEC) No
amounts in agriculture ('), as        last amended by Regu­          3137/91 (10), those rates are to be the agricultural
lation (EEC) No 2205/90              (2), and in particular         conversion rates applying to pigmeat; whereas, pursuant
Article 9 ( 1 ) thereof,                                            to Article 2 (4) of Council Regulation (EEC) No
                                                                     1676/85 ("), as last amended by Regulation (EEC) No
Whereas       the     monetary       compensatory      amounts       2205/90, those rates are also to be used for the
introduced by Regulation (EEC) No 1677/85 were fixed                conversion of certain other agricultural amounts ;
by Commission Regulation (EEC) No 1641 /91 (J), as                  whereas the rates in question should be fixed to make it
last amended by Regulation (EEC) No 2704/92 (4), on                 easier to use them ;
the basis of the central rates and, for certain Member
States, on the basis of the exchange rates referred to in
                                                                    Whereas the measures provided for in this Regulation
                                                                     are in accordance with the opinion of the relevant
Article 3 of Commission Regulation (EEC) No 3153/85                 management committees,
of 11 November 1985 laying down detailed rules for the
calculation of monetary compensatory amounts (5), as                HAS ADOPTED THIS REGULATION :
last amended by Regulation (EEC) No 3672/89 (6);
Whereas, in accordance with Article 3 a of Commission                                         Article 1
Regulation (EEC) No 3152/85 of 11 November 1985                     The representative market rates referred to in Article 3a
laying down detailed rules for the application of Regu­             of Regulation (EEC) No 3152/85, to be applied for
lation (EEC) No 1676/85 on the value of the unit of                 certain amounts in the context of the common agri­
account and the conversion rates to be applied for the              cultural policy and used to fix or, where appropriate, to
purposes of the common agricultural policy (7), as last             adjust the monetary compensatory amounts, are set out
amended by Regulation (EEC) No 3237/90 (*), the                     in the Annex hereto.
rates used to fix or, where appropriate, adjust the
monetary compensatory amounts, from this time forth                                           Article 2
defined as representative market rates, are to be used for
the conversion into ecus of the amounts relating to world           This Regulation shall enter into force on 17 September
market data and expressed in the national currency of a              1992 .
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States .
                  Done at Brussels, 16 September 1992 .
                                                                                      For the Commission
                                                                                       Ray MAC SHARRY
                                                                                   Member ofthe Commission
o   OJ No L 164, 24. 6. 1985, p. 6.
O   OJ No L 201 , 31 . 7. 1990, p. 9.
C)  OJ No L 153, 17. 6. 1991 , p. 1 .
(4) See page 1 of this Official Journal.
(s) OJ No L 310, 21 . 11 . 1985, p. 4.
0)  OJ No L 358, 8. 12. 1989, p. 28.                                  O OJ No L 312, 18. 11 . 1988, p. 16.
O   OJ No L 310, 21 . 11 . 1985 , p. 1 .                            H OJ No L 297, 29. 10. 1991 , p. 17 .
(•) OJ No L 310, 9. 11 . 1990, p. 18.                               (") OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 273 /44                          Official Journal of the European Communities                                17 . 9. 92
                                                               ANNEX
              Representative market rates to be applied for certain amounts in the context of the common agricul­
                   tural policy and, in particular, for the calculation of the monetary compensatory amounts
             \                      100 Lit                   1 £                 1 £ Irl             1 ECU
                Bfrs/Lfrs           2,57020                58,2502               55,2545             48,5563
                  Dkr               0,475328               10,7727               10,2186              8,97989
                  DM                0,124613                2,82418               2,67893             2,35418
                   FF               0,417935                9,47194               8,98480             7,89563
                    F1              0,140407                3,18213               3,01847             2,65256
                  £ Irl             0,0465158               1,05422                                   0,878776
                    £               0,0441235                                     0,948571            0,833581
                   Lit                                 2 266,37               2 149,81            1 889,20
                   Dr              15,3810                348,589               330,661             290,577
                   Esc             10,8278                245,397               232,776             204,558
                   Pta              8,01794               181,716               172,370             151,475