31988R0566

1 . 3. 88 . Official Journal of the European Communities No L 54/77

COMMISSION REGULATION (EEC) No 566/88

of 29 February 1988

fixing die special rates for converting the free-at-frontier reference prices of imported liqueur wines into national currency

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas under the terms of Council Regulation (EEC) No 1677/85 of 11 June 1985 on monetary compensatory amounts in agriculture (") as last amended by Regulation Having regard to the Treaty establishing the European (EEC) No 1889/87 (9), and in particular of Article 6 (1 ) Economic Community, thereof, the central rates and the market rates are to be multiplied by a corrective factor, Having regard to Council Regulation (EEC) No 822/87 of yl 6 March 1987. on the common organization of the market in wine ('), as last amended by Regulation (EEC) HAS ADOPTED THIS REGULATION : No 3992/87 (2),

Article 1 Having regard to Council Regulation (EEC) No 1676/85 of 11 June 1985 on the value of the unit of account and The special rate referred to in Article la of Regulation the conversion rates to be applied for the purposes of the (EEC) No 1393/76 shall be : common agricultural policy (3), as last amended by Regu­ (a) for the Belgian franc and the Luxembourg franc : lation (EEC) No 1636/87 (4) and in particular Article 2 (4) Bfrs/Lfrs 1 - 0,0207096 ECU thereof, (b) for the Danish krone : Dkr 1 - 0,111981 ECU Having regard to Commission Regulation (EEC) No 1393/76 of 17 June 1976 laying down detailed rules for (c) for the German mark : the importation of products in the wine-growing sector DM 1 = 0,427144 ECU originating in certain third countries (i), as last amended by Regulation (EEC) No 2135/84 (*), and in particular (d) for the French franc : Article la (4) thereof, FF 1 - 0,127359 ECU (e) for the Irish pound Having regard to the opinion of the Monetary Committee, £Irl 1 = 1,14430 ECU (f) for the Dutch guilder : ' Whereas, pursuant to Article la of Regulation (EEC) No F1 1 - 0,379097 ECU 1393/76, special rates are used to convert the free-at­ frontier reference prices for imported liqueur wines into (g) for the pound sterling : national currency ; whereas the special rates applicable at £ 1 - 1,28115 ECU present were fixed by Commission Regulation (EEC) No 2600/87 f); (h) for the Italian Lira : Lit 100 = 0,0586408 ECU Whereas for the currencies of the Member States main­ (i) for the Greek drachma : tained at any given moment within a maximum spread of Dr 100 = 0,539708 ECU 2,25% , the special rate is the conversion rate resulting from the central rate ; whereas, for the other currencies, (j) for the Spanish peseta : the special rate for the period 1 March to 31 August 1988 Pta 100 = 0,630831 ECU. is equal to the conversion rate in relation to all the currencies of the Member States maintained at any given Article 2 moment with a maximum spread of 2,25 % resulting from the average rate taken into consideration for the Regulation (EEC) No 2600/87 is hereby repealed. purposes of calculating the monetary amounts valid on 1 February 1988 ; Article 3 (') OJ No L 84, 27. 3. 1987, p. 1 . 0 OJ No L 377, 31 . 12. 1987, p. 20. This Regulation shall enter into force on the 1 March (3) OJ No L 164, 24. 6. 1985, p. 1 . 1988 . 0 OJ No L U3, 13. 6. 1987, p. 1 . 0 OJ No L 157, 18. 6. 1976, p. 20. 0 OJ No L 196, 26. 7. 1984, p. 21 . (») OJ No L 164, 24. 6. 1985, p. 6. 0 OJ No L 245, 28 . 8. 1987, p. 29. O OJ No L 182, 3 . 7. 1987, p. 1 .

No L 54/78 1 . 3 . 88 Official Journal of the European Communities

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

Done at Brussels, 29 February 1988. For the Commission Frans ANDRIESSEN Vice-President