31988R0595

No L 59/ 10 Official Journal of the European Communities 4. 3. 88

COMMISSION REGULATION (EEC) No 595/88 of 3 March 1988 fixing the monetary coefficient applicable on imports of dried grapes

THE COMMISSION OF THE EUROPEAN COMMUNITIES, subsequently, on the first Monday of the months of November, January, March, May and July ; Having regard to the Treaty establishing the European Whereas Commission Regulation (EEC) No 21 84/87 (4), Economic Community, fixes the minimum import price applicable to dried grapes during the marketing year 1987/88 as well as the countervailing charges to be imposed where that price is Having regard to Council Regulation (EEC) No 426/86 of not observed ; whereas the import prices as set out in 24 February 1986 on the common organization of the Annex II of that Regulation are calculated as specific market in products processed from fruit and vegetables ('), percentages of the minimum import price ; whereas as a as last amended by Regulation (EEC) No 3909/87 (2), and result the monetary coefficient should apply both to the in particular Article 9(6) thereof, minimum import prices and the import prices,

Having regard to Commission Regulation (EEC) No 2237/85 of 30 July 1985 laying down detailed rules for HAS ADOPTED THIS REGULATION : the application of the minimum import price system for dried grapes (3), and in particular Article 4 thereof, Article 1

Whereas Article 4(1 ) of Regulation (EEC) No 2237/85 After having converted the minimum import prices and provides that the Commission shall fix ^ monetary coeffi­ the import prices as set out in Annexes I and II of cient equal to the real monetary gap between the agricul­ amended Regulation (EEC) No 2184/87 into one of the tural conversion rate for the currency of a Member State following national currencies by applying the agricultural and the central rate, or, where applicable, the market rate conversion rate, the resulting amount shall be multiplied when that gap is equal to or more than 2,5 percentage by the following coefficient : points ; for the Greek drachma : 1,438 Whereas there is a mistake in the coefficient for the for the pound sterling : 1,200 pound sterling for the preceding two periods ; whereas for the Portuguese escudo : 1,109 account should be taken of that situation for the future for the French franc : 1,050 and the correct basis for calculation should accordingly be for the Irish pound : 1,051 reestablished ; for the Italian lira : 1,050

Whereas Article 4(2) of Regulation (EEC) No 2237/85 Article 2 provides that the monetary coefficient shall be fixed before the commencement of the marketing year and, This Regulation shall enter into force on 7 March 1988 .

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

Done at Brussels, 3 March 1988 . For the Commission Frans ANDRIESSEN Vice-President

(') OJ No L 49, 27. 2. 1986, p. 1 . 0 OJ No L 370, 30. 12. 1987, p. , 20. (3) OJ No L 209, 6. 8. 1985, p. 24. (4) OJ No L 203, 24. 7. 1987, p. 16.