CELEX: 31992R3705
Language: en
Date: 1992-12-22 00:00:00
Title: Commission Regulation (EEC) No 3705/92 of 21 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

No L 377/46                                 Official Journal of the European Communities                               22. 12. 92
                                         COMMISSION REGULATION (EEC) No 3705/92
                                                         of 21 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
THE COMMISSION OF THE EUROPEAN                                         defined as representative market rates, are to be used for
COMMUNITIES,                                                           the conversion into ecus of the amounts relating to world
                                                                       market data and expressed in the national currency of a
                                                                       Member State; whereas, pursuant to Article 6a of Regu­
                                                                       lation (EEC) No 1677 /85 and without prejudice to
                                                                       Article 7 (2) of Commission Regulation (EEC) No
Having regard to the Treaty establishing the European                  3578/88 of 17 November 1988 laying down detailed
Economic Community,                                                    rules for the application of the system for the automatic
                                                                       dismantlement of negative monetary compensatory
                                                                       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
Having regard to Council                Regulation (EEC) No            to Article 2 (4) of Council Regulation (EEC) No
1677/85 of 11 June 1985 on              monetary compensatory           1676/85 ("), as last amended by Regulation (EEC) No
amounts in agriculture (l), as          last amended by Regu­          2205/90, those rates are also to be used for the
lation (EEC) No 2205/90                (2), and in particular          conversion of certain other agricultural amounts;
Article 9 ( 1 ) thereof,                                               whereas the rates in question should be fixed to make it
                                                                       easier to use them ;
Whereas       the     monetary         compensatory      amounts
introduced by Regulation (EEC) No 1677/85 were fixed                   Whereas the measures provided for in this Regulation
by Commission Regulation (EEC) No 1641 /91 (J), as                     are in accordance with the opinion of the relevant
last amended by Regulation (EEC) No 3704/92 (4), on                    management committees,
the basis of the central rates and, for certain Member
States, on the basis of the exchange rates referred to in
Article 3 of Commission Regulation (EEC) No 3153/85
of 11 November 1985 laying down detailed rules for the
                                                                       HAS ADOPTED THIS REGULATION :
calculation of monetary compensatory amounts (*), as
last amended by Regulation (EEC) No 3672/89 (');
                                                                                                 Article 1
Whereas, in accordance with Article 3a of Commission                   The representative market rates referred to in Article 3a
Regulation (EEC) No 3152/85 of 11 November 1985                        of Regulation (EEC) No 3152/85, to be applied for
laying down detailed rules for the application of Regu­                certain amounts in the context of the common agri­
lation (EEC) No 1676/85 on the value of the unit of                    cultural policy and used to fix or, where appropriate, to
account and the conversion rates to be applied for the                 adjust the monetary compensatory amounts, are set out
purposes of the common agricultural policy (7), as last                in the Annex hereto.
amended by Regulation (EEC) No 3237/90 (*), the
rates used to fix or, where appropriate, adjust the
monetary compensatory amounts, from this time forth
                                                                                                 Article 2
0) OJ No L 164, 24. 6. 1985, p. 6.
(2) OJ No L 201 , 31 . 7. 1990, p. 9.                                  This Regulation shall enter into force on 22 December
                                                                        1992.
O OJ No L 153, 17. 6. 1991 , p. 1 .
(4) See page 1 of this Official Journal.
(») OJ  No L  310,  21 . 11 . 1985, p. 4.
C)  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 .                             (,0) OJ No L 297, 29. 10. 1991 , p. 17 .
(•) OJ No  L  310,  9. 11 . 1990, p. 18.                               (") OJ No L 164, 24. 6. 1985, p. 1 .
 ---pagebreak--- 22. 12 . 92                     Official Journal of the European Communities                       No L 377/47
            This Regulation shall be binding in its entirety and directly applicable in all Member
            States.
            Done at Brussels, 21 December 1992.
                                                                           For the Commission
                                                                            Ray MAC SHARRY
                                                                        Member ofthe Commission
 ---pagebreak--- No L 377/48                        Official Journal of the European Communities                              22 . 12 . 92
                                                           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          2,33356               50,9602              55,2545          48,5563
                 Dkr             0,431564               9,42446             10,2186           8,97989
                 DM              0,113139               2,47073               2,67893         2,35418
                 FF              0,379455               8,28652               8,98480         7,89563
                  F1             0,127479               2,78388               3,01847         2,65256
                £ Irl            0,0422330              0,922282                —             0,878776
                  £              0,0457919                —                   1,08427         0,952S28
                 Lit               —                2 183,79             2 367,82         2 080,78
                 Dr             14,8130               323,485              350,745          308,226
                 Esc            10,0694               219,896              238,426          209,523
                 Pta             8,03473              175,462              190,248          167,185