CELEX: 31997R1571
Language: en
Date: 1997-08-04 00:00:00
Title: COMMISSION REGULATION (EC) No 1571/97 of 4 August 1997 fixing, for July 1997, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector

5 . 8 . 97             EN                Official Journal of the European Communities                            No L 211 /37
                                          COMMISSION REGULATION (EC) No 1571 /97
                                                          of 4 August 1997
                     fixing, for July 1997, the specific agricultural conversion rate for the amount of
                                     the reimbursement of storage costs in the sugar sector
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                          conversion rates applicable during the month of storage;
  Having regard to the Treaty establishing the European               whereas that specific rate must be fixed each month for
  Community,
                                                                      the 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 organization of the                    fixing, for July 1997, of the specific agricultural conver­
 markets in the sugar sector ('), as last amended by Regula­          sion rate for the amount of the reimbursement of storage
                                                                      costs in the various national currencies as indicated in the
 tion (EC) No 1 599/96 (2),
                                                                      Annex to this Regulation,
 Having regard to Council Regulation (EEC) No 3813/92
 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 1 50/95 (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 (*), as last amended by Regulation (EC)                 referred to in Article 8 of Regulation (EEC) No 1785/81
 No 59/97 (6), and in particular Article 1 (3) thereof,               into each of the national currencies for July 1997 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                                      Article 2
 costs referred to in Article 8 of Regulation (EEC)
 No 1785/81 is to be converted into national currency                 This Regulation shall enter into force on 5 August 1997.
 using a specific agricultural conversion rate equal to the
 average, calculated pro rata temporis, of the agricultural           It shall apply with effect from 1 July 1997.
                    This Regulation shall be binding in its entirety and directly applicable in all Member
                    States .
                    Done at Brussels, 4 August 1997.
                                                                               For the Commission
                                                                              Monika WULF-MATHIES
                                                                           Member of the Commission
(■)   OJ   No L 177, 1 . 7. 1981 , p. 4.
(2)   OJ   No L 206, 16. 8. 1996, p. 43.
0     OJ   No L 387, 31 . 12. 1992, p. 1 .
{")   OJ   No L 22, 31 . 1 . 1995, p. 1 .
0     OJ   No L 159, 1 . 7. 1993, p. 94.
 6    OJ   No L 14, 17. 1 . 1997, p. 25.
 ---pagebreak--- No L 211 /38     EN               Official Journal of the European Communities                        5. 8 . 97
                                                          ANNEX
             to the Commission Regulation of 4 August 1997 fixing, for July 1997, the specific
             agricultural conversion rate for the amount of the reimbursement of storage costs in the
                                                       sugar sector
                                                Agricultural conversion rates
                            ECU 1 =       40,6857          Belgian and Luxembourg francs
                                           7,52077         Danish kroner
                                           1,97130         German marks
                                         312,011           Greek drachmas
                                         166,391          Spanish pesetas
                                           6,65285         French francs
                                           0,759189        Irish punt
                                       1 973,93            Italian lire
                                           2,21868        Dutch guilders
                                          13,8721         Austrian schillings
                                         199,115          Portuguese escudos
                                           6,02811        Finnish marks
                                           8,88562        Swedish kroner
                                           0,720829       Pound sterling