CELEX: 31992R3497
Language: en
Date: 1992-12-07
Title: Commission Regulation (EEC) No 3497/92 of 3 December 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 and the agricultural conversion rates for the pigmeat sector in the United Kingdom

7. 12 . 92                                  Official Journal of the European Communities                           No L 357/47
                                           COMMISSION REGULATION (EEC) No 3497/92
                                                          of 3 December 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 and the agricultural conversion rates for the pigmeat sector in the
                                                            United Kingdom
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
                                                                       3578/88 of 17 November 1988 laying down detailed
                                                                       rules for the application of the system for the automatic
Having regard to the Treaty establishing the European                  dismantlement of negative monetary compensatory
Economic Community,                                                    amounts ('), as last amended by Regulation (EEC) No
                                                                       3137/91 (10), those rates are to be the agricultural
                                                                       conversion rates applying to pigmeat; whereas, pursuant
                                                                       to Article 2 (4) of Council Regulation (EEC) No
                                                                        1676/85 ("), as last amended by Regulation (EEC) No
Having regard to Council Regulation (EEC) No                           2205/90, those rates are also to be used for the
 1677/85 of 11 June 1985 on monetary compensatory                      conversion of certain other agricultural , amounts ;
amounts in agriculture (*), as last amended by Regu­                   whereas the rates in question should be fixed to make it
lation (EEC) No 2205 /90 (2), and in particular                        easier to use them,
Article 9 (2) thereof,
                                                                       HAS ADOPTED THIS REGULATION :
Whereas the monetary compensatory amounts
introduced by Regulation (EEC) No 1677/85 were fixed
by Commission Regulation (EEC) No 1641 /91 (3), as
last amended by Regulation (EEC) No 3496/92 (4), on
the basis of the central rates and, for certain Member
                                                                                                 Article 1
States, on the basis of the exchange rates referred to in
Article 3 of Commission Regulation (EEC) No 3153/85                    The representative market rates referred to in Article 3a
of 11 November 1985 laying down detailed rules for the                 of Regulation (EEC) No 3152/85, to be applied for
calculation of monetary compensatory amounts (5), as                   certain amounts in the context of the common agri­
last amended by Regulation (EEC) No 3672/89 (*);                       cultural policy and used to fix or, where appropriate, to
                                                                       adjust the monetary compensatory amounts, are set out
                                                                       in the Annex hereto.
Whereas, in accordance with Article 3a of Commission
Regulation (EEC) No 3152/85 of 11 November 1985
laying down detailed rules for the application of Regu­                                          Article 2
lation (EEC) No 1676/ 85 on the value of the unit of
account and the conversion rates to be applied for the                 The agricultural conversion rates for the pigmeat sector
purposes of the common agricultural policy (7), as last                is fixed :
amended by Regulation (EEC) No 3237/90 (*), the
rates used to fix or, where appropriate, adjust the                    — in Spain at ECU 1 = Pta 165,993,
monetary compensatory amounts, from this time forth                    — in the United Kingdom at ECU 1 = £ 0,960016.
defined as representative market rates, are to be used for
the conversion into ecus of the amounts relating to world
market data and expressed in the national currency of a
O OJ No L 164, 24. 6. 1985, p. 6.                                                                Article 3
O OJ No L 201 , 31 . 7. 1990, p. 9.
O OJ No L 153, 17. 6. 1991 , p. 1 .                                    This Regulation shall enter into force on 7 December
                                                                       1992 .
(4) See page 1 of this Official Journal.
O   OJ   No L 310,  21 . 11 . 1985, p. 4.
(4) 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 .                             (10) OJ No L 297, 29. 10. 1991 , p. 17.
(•) OJ   No L 310,  9. 11 . 1990, p. 18 .                              O OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 357/48                        Official Journal of the European Communities                              7. 12 . 92
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States .
            Done at Brussels, 3 December 1992.
                                                                                     For the Commission
                                                                                     Ray MAC SHARRY
                                                                                  Member ofthe Commission
                                                          ANNEX
            Conversion rates used for the calculation of monetary compensatory amounts and to be applied for
                                         certain amounts in the agricultural sector
                                 100 Lit                 1 £                 1 £ Irl             1 ECU
              Bfrs/Lfrs          2,38936              50,3085              55,2545              48,5563
                 Dkr             0,441882              9,30394              10,2186              8,97989
                 DM              0,115844              2,43913               2,67893             2,35418
                 FF              0,388528              8,18055               8,98480             7,89563
                  F1             0,130527              2,74828               3,01847             2,65256
                £ Irl            0,0432428             0,910487                —                 0,878776
                  £              0,0474941               —                   1,09831             0,965171
                 Lit               —               2 105,52             2 312,52             2 032,19
                 Dr             15,0320              316,501              347,618              305,478
                 Esc            10,3102              217,084              238,426              209,523
                 Pta             8,32353             175,254              192,484              169,150