CELEX: 31988R0405
Language: en
Date: 1988-02-13 00:00:00
Title: Commission Regulation (EEC) No 405/88 of 12 February 1988 altering the specific agricultural conversion rates applicable in the rice sector

13 . 2. 88                                 Official Journal of the European Communities                             No L 40/9
                                        COMMISSION REGULATION (EEC) No 405/88
                                                        of 12 February 1988
                     altering the specific agricultural conversion rates applicable in the rice sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          Whereas Regulation (EEC) No 3153/85 lays down
                                                                     detailed rules for the calculation of monetary compensa­
Having regard to the Treaty establishing the European                tory amounts ; whereas the spot market rate for the
Economic Community,                                                  Spanish peseta recorded in accordance with Regulation
Having regard to Council Regulation (EEC) No 1676/85                 (EEC) No 3153/85 during the period 3 to 9 February
of 11 June 1985 on the value of the unit of account and               1988, requires the specific agricultural conversion rate
the conversion rates to be applied for the purposes of the           applicable for Spain to be altered pursuant to Article 9 (2)
common agricultural policy ('), as last amended by Regu­             of Regulation (EEC) No 1677/85,
lation (EEC) No 1636/87 (2), and in particular Article 2 (4)
thereof,
                                                                      HAS ADOPTED THIS REGULATION :
Having regard to Council Regulation (EEC) No 1677/85
of 11 June 1985 on monetary compensatory amounts in
agriculture (3), as last amended by Regulation (EEC) No                                       Article 1
1889/87 (■•), and in particular Article 9 (2) thereof,
                                                                     The Annex to Regulation (EEC) No 3294/86 is replaced
Whereas by Commission Regulation (EEC) No
                                                                      by the Annex hereto.
3294/86 (% as last amended by Regulation (EEC) No
51 /88 (6), specific agricultural conversion rates to be
applied in the rice sector were established ; whereas those                                   Article 2 '
conversion rates must be altered pursuant to Articles 2
and 3 of Commission Regulation (EEC) No 3153/85 (*) as                This Regulation shall enter into force on 15 February
last amended by Regulation (EEC) No 3770/87 (8) ;                     1988 .
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States.
                   Done at Brussels, 12 February 1988.
                                                                               For the Commission
                                                                                Frans ANDRIESSEN
                                                                                   Vice-President
(■) OJ  No  L  164,  24. 6. 1985, p. 1 .
(2) OJ  No  L  153,  13. 6. 1987, p. 1 .
(3) OJ  No  L  164,  24. 6. 1985, p. 6.
(4) OJ  No  L  182,  3. 7. 1987, p. 1 .
0   OJ  No  L  304,  30. 10. 1986, p. 25.
(0  OJ  No  L  6, 9.  1 . 1988 , p. 9.
0   OJ  No  L  310,  21 . 11 . 1985, p. 4.
(8) OJ  No  L  355,  17. 12. 1987, p. 16.
 ---pagebreak--- No L 40/ 10 Official Journal of the European Communities    13 . 2. 88
                                 ANNEX
             Specific agricultural conversion rate for rice
                      (Regulation (EEC) No 3294/86)
                       1 ECU = Bfs        48,2869
                               = DM        2,34113
                               = Dkr       8,93007
                               = Dr      184,681
                               = Pta     156,526
                               = FF        7,85183
                               = £Irl      0,873900
                               = Lit   1 704,94
                               = F1        2,63785
                               =£          0,787378