CELEX: 31989R2302
Language: en
Date: 1989-07-29 00:00:00
Title: Commission Regulation (EEC) No 2302/89 of 28 July 1989 amending Regulation (EEC) No 1876/89 fixing the monetary compensatory amounts applicable in the agricultural sector and certain coefficients and rates required for their application

No L 220/ 10                               Official Journal of the European Communities                               29. 7. 89
                                        COMMISSION REGULATION (EEC) No 2302/89
                                                           of 28 July 1989
                   amending Regulation (EEC) No 1876/89 fixing the monetary compensatory
                   amounts applicable in the agricultural sector and certain coefficients and rates
                                                   required for their application
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                           November 1985 laying down detailed rules for the
Having regard to the Treaty establishing the European                calculation of monetary compensatory amounts Q, as last
Economic Community,                                                  amended by Regulation (EEC) No 2301 /89 (8), provide for
                                                                     the utilization and publication of certain conversion rates
Having regard to Council Regulation (EEC) No 1677/85                 used to fix or, where appropriate, adjust the monetary
of 11 June 1985 on monetary compensatory amounts in                  compensatory amounts ; whereas the rates in question
agriculture ('), as last amended by Regulation (EEC) No              should be specified and Annex III to Regulation (EEC)
1889/87 (2), and in particular Article 12 thereof,                    No 1876/89 should be adapted accordingly ;
Whereas the monetary compensatory amounts introduced                 Whereas the measures provided for in this Regulation are
by Regulation (EEC) No 1677/85 were fixed by                         in accordance with the opinions of the Management
Commission Regulation (EEC) No 1876/89 (3), as last                  Committees concerned,
amended by Regulation (EEC) No 2186/89 (4);
Whereas Annex III to Regulation (EEC) No 1876/89
                                                                     HAS ADOPTED THIS REGULATION :
species the conversion rates to be used where Article 10
of Regulation (EEC) No 1677/85 applies ; whereas Article
3a of Commission Regulation (EEC) No 3152/85 of 11                                             Article 1
November 1985 laying down detailed rules for the
application of Regulation (EEC) No 1676/85 on the value              Annex III to Regulation (EEC) No 1876/89 is hereby
of the unit of account and the conversion rates to be                replaced by the Annex to this Regulation.
applied for the purposes of the common agricultural
policy (*), as last amended by Regulation (EEC) No                                              Article 2
2300/89 (6), and the last paragraph of Article 3 of
Commission Regulation (EEC) No 3153/85 of 11                         This Regulation shall enter into force on 31 July 1989.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 28 July 1989.
                                                                               For the Commission
                                                                                Ray MAC SHARRY
                                                                           Member of the Commission
(') OJ  No  L  164, 24. 6. 1985, p. 6.
(2) OJ  No  L  182, 3. 7. 1987, p. 1 .
(3) OJ  No  L  188, 1 . 7. 1989, p. 1 .
(4) OJ  No  L  213, 24. 7. 1989, p. 1 .
(0  OJ  No  L  310, 21 . 11 . 1985, p. 1 .                           (7) OJ No L 310, 21 . 11 . 1985, p. 4.
(6) See page 8 of this Official journal.                             (*) See page 9 of this Official Journal.
 ---pagebreak--- 29 . 7. 89                     Official Journal of the European Communities                  No L 220/ 11
                                                     ANNEX
                                                  ANNEX III
           Conversion rates used to fix the monetary compensatory amounts and referred to in
                                  Article 3a of Regulation (EEC) No 3152/85
                              ECU 1               Lit 100            £ 1        £ Irl 1
             Bfrs/Lfrs        48,2869            2,87763            64,1530     55,2545
               Dkr             8,93007           0,532182           11,8643     10,2187
               DM              2,34113           0,139518            3,11038     2,67895
                FF             7,85183           0,467925           10,4318      8,98483
                F1             2,63785           0,157201            3,50459     3,01849
               £ Irl           0,873900          0,0520800           1,16105    —
                 £             0,752684          0,0448560          —
                                                                                 0,861293
                Lit        1 678,01             —
                                                                 2 229,37    1 920,14
                Dr           200,854            11,9698            266,850     229,836
                Esc          193,985            11,5604            257,724     221,976
                Pta          145,718             8,68398           193,598     166,744'