CELEX: 31998R0939
Language: en
Date: 1998-05-04 00:00:00
Title: Commission Regulation (EC) No 939/98 of 4 May 1998 fixing, for April 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

5. 5. 98              EN                  Official Journal of the European Communities                                    L 131/5
                                      COMMISSION REGULATION (EC) No 939/98
                                                         of 4 May 1998
                  fixing, for April 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; whereas
Having regard to the Treaty establishing the European                that specific rate must be fixed each month for the
Community,                                                           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 organisation of the                    fixing, for April 1998, of the specific agricultural conver-
markets in the sugar sector (1), as last amended by Regula-          sion rate for the amount of the reimbursement of storage
tion (EC) No 1599/96 (2),                                            costs in the various national currencies as indicated in the
Having regard to Council Regulation (EEC) No 3813/92                 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 April 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 May 1998.
specific agricultural conversion rate equal to the average,
calculated pro rata temporis, of the agricultural conver-            It shall apply with effect from 1 April 1998.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 4 May 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--- L 131/6     EN                Official Journal of the European Communities                           5. 5. 98
                                                     ANNEX
        to the Commission Regulation of 4 May 1998 fixing, for April 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
                                     7,56159         Danish kroner
                                     1,98381         German marks
                                   349,703           Greek drachmas
                                   168,313           Spanish pesetas
                                     6,68769         French francs
                                     0,796521        Irish pound
                                 1 973,93            Italian lire
                                     2,23573         Dutch guilders
                                    13,9570          Austrian schillings
                                   203,155           Portuguese escudos
                                     6,02811         Finnish marks
                                     8,79309         Swedish kroner
                                     0,695735        Pound sterling