31986R2677

29 . 8 . 86 Official Journal of the European Communities No L 244/23

COMMISSION REGULATION ( EEC) No 2677/86

of 28 August 1986

fixing the monetary coefficient applicable on imports of dried grapes

THE COMMISSION OF THE EUROPEAN COMMUNITIES, grapes during the marketing year 1986/87 as well as the countervailing charges to be imposed where that price is Having regard to the Treaty establishing the European not observed ; whereas the import prices as set out in Economic Community, Annex II of that Regulation are calculated as specific percentages of the minimum import price ; whereas as a Having regard to the Act of Accession of Spain and result the monetary coefficient should apply both to the Portugal, minimum import prices and the import prices,

Having regard to Council Regulation (EEC) No 426/86 of 24 February 1986 on the common organization of the HAS ADOPTED THIS REGULATION : market in products processed from fruit and vegetables ('), as amended by Regulation (EEC) No 1838/86 (2), and in Article 1 particular Article 9 (6) thereof,

After having converted the minimum import prices and Having regard to Commission Regulation (EEC) No the import prices as set out in Annexes I and II of Regu­ 2237/85 of 30 July 1985 laying down detailed rules for lation (EEC) No 2382/86 into one of the following the application of the minimum import price system for national currencies by applying the agricultural conver­ dried grapes (3), and in particular Article 4 thereof, sion rate, the resulting amount shall be multiplied by the Whereas Article 4(1 ) of Regulation (EEC) No 2237/85 following coefficient :

provides that the Commission shall fix a monetary coeffi­ — for the German mark : 0,972 cient equal to the real monetary gap between the agricul­ — for the Dutch guilder : 0,972 tural conversion rate for the currency of a Member State — for the Greek drachma : 1 ,294 and the central rate, or, where applicable, the market rate — for the pound sterling : 1 ,202 when that gap is equal for more than 2,5 percentage points ; — for the Portuguese escudo : 1,079

— for the Spanish peseta : 1,030 Whereas Article 4 (2) of Regulation (EEC) No 2237/85 — for the French franc : 1,063 provides that the monetary coefficient shall be fixed before the commencement of the marketing year and, — for the Irish pound : 1,103 subsequently, on the first Monday of the months of Article 2 November, January, March, May and July ;

Whereas Commission Regulation (EEC) No 2382/86 (4) This Regulation shall enter into force on 1 September 1986 . fixes the minimum import price applicable to dried

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 28 August 1986.

For the Commission

Frans ANDRIESSEN

Vice-President

(') OJ No L 49, 27. 2. 1986, p. 1 . (2) OJ No L 159, 14. 6. 1986, p. 1 . P) OJ No L 209, 6. 8 . 1985, p. 24. b) OJ No L 206, 30. 7. 1986, p. 18.