Commission Regulation (EEC) No 2055/85 of 24 July 1985 altering one corrective factor to be used for calculation of the monetary compensatory amounts applicable on certain agricultural products

COMMISSION  REGULATION (EEC) No 2055/85
of 24 July 1985
altering one corrective factor to be used for calculation of the monetary compensatory amounts applicable on certain agricultural products
THE COMMISSION OF THE EUROPEAN
COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 974/71 of 12 May 1971 on certain measures of conjunctural policy to be taken in agriculture following the temporary widening of the margins of fluctuation for the currencies of certain Member States (1), as last amended by Regulation (EEC) No 855/84 (2), and in particular Article 2b (2) thereof,
Whereas Article 2b (2) of Regulation (EEC) No 974/71 stipulates that a corrective factor fixed at 1,033651 is to be applied for the purposes of calculation of the monetary compensatory amounts; whereas under the terms of the last subparagraph of the abovementioned paragraph this factor must be adjusted, on the occasion of each realignment under the European monetary system, on the basis of the revaluation of the central rate of that currency, among those maintaining as between themselves a maximum spread at any given moment of 2,25 % revalued most against the ECU;
Whereas a realignment of central rates under the European monetary system has occurred with effect from 22 July 1985;
Whereas the greatest revaluation against the ECU is 0,15 %; whereas the corrective factor should be adjusted accordingly;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the relevant management committees,