CELEX: 31991R1281
Language: en
Date: 1991-05-20 00:00:00
Title: Commission Regulation (EEC) No 1281/91 of 16 May 1991 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

20. 5 . 91                               Official Journal of the European Communities                          No L 125 /49
                                       COMMISSION REGULATION (EEC) No 1281/91
                                                         of 16 May 1991
                 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
THE COMMISSION OF THE EUROPEAN                                     laying down detailed rules for the application of Regu­
COMMUNITIES,                                                       lation (EEC) No 1676/85 on the value of the unit of
                                                                    account and the conversion rates to be applied for the
Having regard to the Treaty establishing the European              purposes of the common agricultural policy ('), as last
Economic Community,                                                 amended by Regulation (EEC) No 3237/90 (10), the
Having regard to Council Regulation (EEC) No                       rates used to fix or, where appropriate, adjust the
1677/ 85 of 11 June 1985 on monetary compensatory                  monetary compensatory amounts, from this time forth
amounts in agriculture ('), as last amended by Regulation          defined as representative market rates, are to be used for
(EEC) No 2205/90 (2), and in particular Article 9 (2)              the conversion into ecus of the amounts relating to world
thereof,                                                           market data and expressed in the national currency of a
                                                                    Member State; whereas, pursuant to Article 2 (4) of
Having regard to Commission Regulation (EEC) No                    Council Regulation (EEC) No 1676/85 ("), as last
3578/88 of 17 November 1988 laying down detailed                    amended by Regulation (EEC) No 2205/90, those rates
rules for the application of the system for the automatic           are also to be used for the conversion of certain other
dismantlement of negative monetary compensatory                     agricultural amounts ; whereas the rates in question
amounts ('), as last amended by Regulation (EEC) No                should be fixed to make it easier to use them,
287/91 (4), and in particular Article 7 thereof,
Whereas the monetary compensatory amounts                          HAS ADOPTED THIS REGULATION :
introduced by Regulation (EEC) No 1677/85 were fixed                                          Article 1
by Commission Regulation (EEC) No 1207/90 (*), as
last amended by Regulation (EEC) No 1280/91 ('), on                The representative market rates referred to in Article 3a
the basis of the central rates and, for certain Member             of Regulation (EEC) No 3152/85, to be applied for
States, on the basis of the exchange rates referred to in          certain amounts in the context of the common agri­
Article 3 of Commission Regulation (EEC) No 3153/85                cultural policy and used to fix or, where appropriate, to
of 11 November 1985 laying down detailed rules for the              adjust the monetary compensatory amounts, shall be set
calculation of monetary compensatory amounts (7), as               out in the Annex hereto.
last amended by Regulation (EEC) No 3672/89 (*);
                                                                                              Article 2
Whereas, in accordance with Article 3a of Commission
Regulation (EEC) No 3152/85 of 11 November 1985                    This Regulation shall enter into force on 20 May 1991 .
                 This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 16 May 1991 .
                                                                                     For the Commission
                                                                                     Ray MAC SHARRY
                                                                                  Member ofthe Commission
o   OJ  No L  164, 24. 6. 1985, p. 6.
O   OJ  No L 201 , 31 . 7. 1990, p. 9.
O   OJ  No L 312, 18. 11 . 1988, p. 16.
(4) OJ  No L 35, 7. 2. 1991 , p. 10.
(5) OJ  No L  122, 14. 5. 1990, p. 1 .
(') See page 1 of this Official Journal.                             O OJ No L 310, 21 . 11 . 1985, p. 1 .
(') OJ No L 310, 21 . 11 . 1985, p. 4.                              C°) OJ No L 310, 9 . 11 . 1990, p. 18 .
(•) OJ No L 358, 8. 12. 1989, p. 28 .                               O OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- No L 125/ 50                          Official Journal of the European Communities                               20. 5 . 91
                                                               ANNEX
             Representative market rates to be applied for certain amounts in the context of the common agricul­
                   tural policy and, in particular, for the calculation of the monetary compensatory amounts
                                    100 lit                   1 £                 1 £ Irl             1 ECU
               Bfrs/Lfrs            2,75661                61,1554               55,2545             48,5563
                 Dkr                0,509801               11,3099               10,2186              8,97989
                 DM                 0,133650                2,96503               2,67893             2,35418
                  FF                0,448246                9,94434               8,98480             7,89563
                   F1               0,150590                3,34083               3,01847             2,65256
                 £ Irl              0,0498894               1,10680                 —
                                                                                                      0,878776
                    £               0,0450755                 —
                                                                                  0,903509            0,793982
                  Lit                 —
                                                       2 218,50               2 004,44            1 761,45
                  Dr               14,6411                324,812               293,471             257,895
                  Esc              11,6489                258,432               233,495             205,190
                  Pta               8,27477               183,576               165,863             145,756