Commission Regulation (EEC) No 315/87 of 30 January 1987 fixing the special rates for converting the free-at-frontier reference prices of imported liqueur wines into national currency

COMMISSION  REGULATION (EEC) No 315/87
of 30 January 1987
fixing the special rates for converting the free-at-frontier reference prices of imported liqueur wines into national currency
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 337/79 of 5 February 1979 on the common organization of the market in wine (1), as last amended by Regulation (EEC) No 3455/86 (2),
Having regard to Council Regulation (EEC) No 1676/85 of 11 June 1985 on the value of the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (3), and in particular Article 2 thereof,
Having regard to Commission Regulation (EEC) No 1393/76 of 17 June 1976 laying down detailed rules for the importation of products in the wine-growing sector originating in certain third countries (4), as last amended by Regulation (EEC) No 2135/84 (5), and in particular Article 1a (4) thereof,
Having regard to the opinion of the Monetary Committee,
Whereas, pursuant to Article 1a of Regulation (EEC) No 1393/76, special rates are used to convert the free-at-frontier reference prices for imported liqueur wines into national currency; whereas the special rates applicable at present were fixed by Commission Regulation (EEC) No 2628/86 (6);
Whereas Article 1a (3) (c) of Regulation (EEC) No 1393/76 provides that the special rate for a currency other than those maintained at any given moment within a maximum spread of 2,25 % is to be revised when, for a period of 20 working days, its conversion rate moves away by an average of not less than 10 % from the special rate previously fixed for it; whereas this has occurred for both the pound sterling and the Greek drachma; whereas application of these provisions makes it necessary to alter the special rate for the pound sterling and that for the Greek drachma;
Whereas for the currencies maintained at any given moment within a maximum spread at 2,25 % the special rate is the conversion rate given by the central rate; whereas following the monetary realignment effective from 12 January 1987 new central rates must be used;
Whereas under the terms of Council Regulation (EEC) No 1677/85 of 11 June 1985 on monetary compensatory amounts in agriculture (7), as last amended by Regulation (EEC) No 90/87 (8), and in particular of Article 6 (2) thereof, the central rates and the market rates are to be multiplied by a corrective factor,