31988R0992

16. 4. 88 Official Journal of the European Communities No L 99/5

COMMISSION REGULATION (EEC) No 992/88 of 14 April 1988 amending Regulation (EEC) No 3938/87 fixing the monetary compensatory amounts in the agricultural sector and certain coefficients and rates required for their application

THE COMMISSION OF THE EUROPEAN COMMUNITIES, pursuant to Regulation (EEC) No 3153/85 in the period from 6 to 12 April 1988 for the peseta require in theory, Having regard to the Treaty establishing the European pursuant to Article 9 (2) of Regulation (EEC) No 1677/85, Economic Community, the monetary compensatory amounts applicable for Spain Having regard to Council Regulation (EEC) No 1677/85 to be altered ; whereas, however, the monetary gap for all of 11 June 1985 on monetary compensatory amounts in sectors due to the variation in the peseta over that period agriculture ('), as last amended by Regulation (EEC) No is within the neutral margin laid down for the fixation of 1889/87 (2), and in particular Articles 9 (2) and 6a (2) the monetary compensatory amounts ; whereas, however, thereof, the conversion rates for the peseta laid down pursuant to Article 10 of Regulation (EEC) No 1677/85 should be Having regard to Council Regulation (EEC) No 1678/85 updated, of 11 June 1985 fixing the conversion rates to be applied in agriculture (3), as last amended by Regulation (EEC) No 887/88 (4), HAS ADOPTED THIS REGULATION :

Whereas the monetary compensatory amounts introduced by Regulation (EEC) No 1677/85 were fixed by Commis­ Article 1 sion Regulation (EEC) No 3938/87 (*), as last amended by Annex III to Regulation (EEC) No 3938/87 is hereby Regulation (EEC) No 929/88 (*) ; replaced by the Annex hereto. Whereas Commission Regulation (EEC) No 3153/85 0, as last amended by Regulation (EEC) No 3770/87 (8), lays Article 2 down the rules for calculating the monetary compensatory amounts ; whereas the spot market rates recorded This Regulation shall enter into force on 18 April 1988 .

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

Done at Brussels, 14 April 1988. For the Commission Frans ANDRIESSEN Vice-President

(') OJ No L 164, 24. 6. 1985, p. 6. 0 OJ No L 182, 3. 7. 1987, p. 1 . 0 OJ No L 164, 24. 6. 1985, p. 11 . 0 OJ No L 88, 1 . 4l 1988, p. 6. 0 OJ No L 372, 31 . 12. 1987, p. 1 . 0 OJ No L 93, 11 . 4. 1988, p. 1 . 0 OJ No L 310, 21 . 11 . 1985, p. 4. (•) OJ No L 355, 17. 12. 1987, p. 16.

No L 99/6 Official Journal of the European Communities 16 . 4. 88

ANNEX

ANNEX III

Application of Article 10 of Regulation (EEC) No 1677/85 '

100 Lit 1 £ 1 £ Irl

Bfrs/Lfrs 2,79908 64,6653 55,2545 Dkr 0,517655 11,9591 10,2187 DM 0,135710 3,13522 2,67895 FF 0,455152 10,5151 8,98483 F1 0,152910 3,53258 3,01849 £ Irl 0,0506579 1,17032 — £ 0,0432856 — 0,854468 Lit —, 2 310,24 1 974,02 Dr 10,8217 250,007 213,623 Esc 11,0419 255,094 217,970 Pta 8,94621 206,679 176,600'