CELEX: 31998R0515
Language: en
Date: 1998-03-04 00:00:00
Title: Commission Regulation (EC) No 515/98 of 4 March 1998 fixing, for February 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

L 65/14               EN                 Official Journal of the European Communities                                 5. 3. 98
                                     COMMISSION REGULATION (EC) No 515/98
                                                       of 4 March 1998
                  fixing, for February 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,                         sion 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 February 1998, of the specific agricultural
markets in the sugar sector (1), as last amended by Regula-         conversion rate for the amount of the reimbursement of
tion (EC) No 1599/96 (2),                                           storage costs in the various national currencies as indi-
Having regard to Council Regulation (EEC) No 3813/92                cated in the Annex to this Regulation,
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 150/95 (4),
                                                                                             Article 1
Having regard to Commission Regulation (EEC) No
1713/93 of 30 July 1993 establishing special detailed               The specific agricultural conversion rate to be used to
rules for applying the agricultural conversion rate in the          convert the amount of the reimbursement of storage costs
sugar sector (5), as last amended by Regulation (EC) No             referred to in Article 8 of Regulation (EEC) No 1785/81
59/97 (6), and in particular Article 1 (3) thereof,                 into each of the national currencies for February 1998
                                                                    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
costs referred to in Article 8 of Regulation (EEC) No                                        Article 2
1785/81 is to be converted into national currency using a           This Regulation shall enter into force on 5 March 1998.
specific agricultural conversion rate equal to the average,
calculated pro rata temporis, of the agricultural conver-           It shall apply with effect from 1 February 1998.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 4 March 1998.
                                                                               For the Commission
                                                                                 Franz FISCHLER
                                                                           Member of the Commission
(1) 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.
(5) OJ L  159, 1. 7. 1993, p. 94.
(6) OJ L  14, 17. 1. 1997, p. 25.
 ---pagebreak--- 5. 3. 98     EN                Official Journal of the European Communities                       L 65/15
                                                      ANNEX
         to the Commission Regulation of 4 March 1998 fixing, for February 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
                                      7,54917         Danish kroner
                                      1,98243         German marks
                                    312,011           Greek drachmas
                                    167,153           Spanish pesetas
                                      6,68769         French francs
                                      0,788784        Irish pound
                                  1 973,93            Italian lire
                                      2,23273         Dutch guilders
                                     13,9485          Austrian schillings
                                    201,803           Portuguese escudos
                                      6,02811         Finnish marks
                                      8,75582         Swedish kroner
                                      0,695735        Pound sterling