31987R0003
3 . 1 . 87 Official Journal of the European Communities No L 1 /5
COMMISSION REGULATION (EEC) No 3/87 of 2 January 1987 altering the specific agricultural conversion rates applicable in the rice sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas Regulation (EEC) No 3153/85 lays detailed rules for the calculation of monetary compensatory amounts ; Having regard to the Treaty establishing the European whereas the spot market rates for the Greek drachma, Economic Community, recorded in accordance with Regulation (EEC) No Having regard to Council Regulation (EEC) No 1676/85 3153/85 during the period 24 to 30 December 1986, of 11 June 1985 on the value of the unit of account and require the specific agricultural conversion rates appli the conversion rates to be applied for the purposes of the cable for Greece to be altered pursuant to Article 9 (2) of common agricultural policy ('), and in particular Article 2 Regulation (EEC) No 1677/85, (4) thereof, Having regard to Council Regulation (EEC) No 1677/85 HAS ADOPTED THIS REGULATION : of 11 June 1985 on monetary compensatory amounts in agriculture (2), as last amended by Regulation (EEC) No Article 1 2502/86 (3), and in particular Article 9 (2) thereof, Whereas by Commission Regulation (EEC) No The Annex to Regulation (EEC) No 3294/86 is replaced 3294/86 (4), as amended by Regulation (EEC) No by the Annex hereto. 3970/86 (*), specific agricultural conversion rates to be applied in the rice sector were established ; whereas those Article 2 conversion rates must be altered pursuant to Articles 2 and 3 of Commission Regulation (EEC) No 3153/85 (*) ; This Regulation shall enter into force on 5 January 1987.
This Regulation shall be binding in its entirety and directly applicable in all Member States .
Done at Brussels, 2 January 1987.
For the Commission Frans ANDRIESSEN Vice-President
(■) OJ No L 164, 24. 6. 1985, p. 1 . (2) OJ No L 164, 24. 6. 1985, p. 6. 3 OJ No L 219, 6. 8 . 1986, p. 8 . 0 OJ No L 304, 30. 10 . 1986, p. 25. (*) OJ No L 365, 24. 12. 1986, p. 84. fa OJ No L 310, 21 . 11 . 1985, p. 4.
No L 1 / 6 Official Journal of the European Communities 3 . 1 . 87
ANNEX
Specific agricultural conversion rate for rice
1 ECU = Bfs 47,3307 = Dkr 8,58155 = DM 2,31728 = FF 7,54539 = £ Irl 0,839794 = F1 2,61094 = £ 0,795655 = Lit 1 588,19 = Dr 163,459 = Pta 155,127