CELEX: 31999R1910
Language: en
Date: 1999-09-06 00:00:00
Title: Commission Regulation (EC) No 1910/1999 of 6 September 1999 fixing, for August 1999, the specific exchange rate for the amount of the reimbursement of storage costs in the sugar sector

L 236/6                EN                      Official Journal of the European Communities                                      7. 9. 1999
                                          COMMISSION REGULATION (EC) No 1910/1999
                                                           of 6 September 1999
               fixing, for August 1999, the specific exchange rate for the amount of the reimbursement of storage
                                                         costs in the sugar sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                                      1999, as a result of the introduction of the agrimonetary
                                                                                 arrangements for the euro from that date, the fixing of
Having regard to the Treaty establishing the European
                                                                                 the conversion rate should be limited to the specific
Community,
                                                                                 exchange rates prevailing between the euro and the
Having regard to Council Regulation (EEC) No 1785/81 of 30                       national currencies of the Member States that have not
June 1981 on the common organisation of the markets in the                       adopted the single currency;
sugar sector (1), as last amended by Commission Regulation
(EC) No 1148/98 (2),                                                      (2)    Whereas application of these provisions will lead to the
                                                                                 fixing, for August 1999, of the specific exchange rate for
Having regard to Council Regulation (EC) No 2799/98 of 15                        the amount of the reimbursement of storage costs in the
December 1998 establishing agrimonetary arrangements for                         various national currencies as indicated in the Annex to
the euro (3),                                                                    this Regulation,
Having regard to Commission Regulation (EEC) No 1713/93 of
30 June 1993 establishing special detailed rules for applying             HAS ADOPTED THIS REGULATION:
the agricultural conversion rate in the sugar sector (4), as last
amended by Regulation (EC) No 1642/1999 (5), and in partic-
ular Article 1(3) thereof,                                                                             Article 1
(1)     Whereas Article 1(2) of Regulation (EEC) No 1713/93               The specific exchange rate to be used for converting the
        provides that the amount of the reimbursement of                  amount of the reimbursement of the storage costs referred to
        storage costs referred to in Article 8 of Regulation (EEC)        in Article 8 of Regulation (EEC) No 1785/81 into national
        No 1785/81 is to be converted into national currency              currency for August 1999 shall be as indicated in the Annex
        using a specific agricultural conversion rate equal to the        hereto.
        average, calculated pro rata temporis, of the agricultural
        conversion rates applicable during the month of storage;                                       Article 2
        whereas that specific rate must be fixed each month for           This Regulation shall enter into force on 7 September 1999.
        the previous month; whereas, however, in the case of
        the reimbursable amounts applying from 1 January                  It shall apply with effect from 1 August 1999.
                      This Regulation shall be binding in its entirety and directly applicable in all Member States.
                      Done at Brussels, 6 September 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  349, 24.12.1998, p. 1.
(4) OJ L  159, 1.7.1993, p. 94.
(5) OJ L  195, 28.7.1999, p. 3.
 ---pagebreak--- 7. 9. 1999         EN                    Official Journal of the European Communities                                 L 236/7
                                                               ANNEX
           to the Commission Regulation of 6 September 1999 fixing, for August 1999, the exchange rate for the amount
                                  of the reimbursement of storage costs in the sugar sector
                                                        Specific exchange rate
                                 EUR 1 =       7,43835         Danish kroner
                                            326,373            Greek drachma
                                               8,75852         Swedish kroner
                                               0,660440        Pound sterling