31988R4053

24. 12. 88 Official Journal of the European Communities No L 356/ 15

COMMISSION REGULATION (EEC) No 4053/88 of 23 December 1988 altering the specific agricultural conversion rates applicable in the rice sector

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas Regulation (EEC) No 3153/85 lays down detailed rules for the calculation of monetary compensa­ Having regard to the Treaty establishing the European tory amounts ; whereas the spot market rate for the peseta Economic Community, recorded in accordance with Regulation (EEC) No Having regard to Council Regulation (EEC) No 1676/85 3153/85 during the period 14 to 20 December 1988 of 11 June 1985 on the value of the unit of account and requires the specific agricultural conversion rate appli­ the conversion rates to be applied for the purposes of the cable for Spain to be altered pursuant to Article 9 (2) of common agricultural policy ('), as last amended by Regu­ Regulation (EEC) No 1677/85, lation (EEC) No 1636/87 (2), and in particular Article 2 (4) thereof, HAS ADOPTED THIS REGULATION : Having regard to Council Regulation (EEC) No 1677/85 of 11 June 1985 on monetary compensatory amounts in agriculture (3), as last amended by Regulation (EEC) No Article 1 1889/87 (4), and in particular Article 9 (2) thereof, The Annex to Regulation (EEC) No 3294/86 is replaced Whereas by Commission Regulation (EEC) No by the Annex hereto. 3294/86(0, as last amended by Regulation (EEC) No 3843/88 (*), • 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 Q, as This Regulation shall enter into force on 26 December last amended by Regulation (EEC) No 3770/87 (8) ; 1988 .

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

Done at Brussels, 23 December 1988 .

For the Commission Frans ANDRIESSEN Vice-President

i

(') OJ No L 164, 24. 6. 1985, p. 1 . 0 OJ No L 153, 13. 6. 1987, p. 1 . (3) OJ No L 164, 24. 6. 1985, p; 6. O OJ No L 182, 3. 7. 1987, p. 1 . 0 OJ No L 304, 30. 10. 1986, p. 25. («) OJ No L 340, 10. 12. 1988, p. 12. O OJ No L 310, 21 . 11 . 1985, p. 4. (8) OJ No L 355, 17. 12. 1987, p. 16.

No L 356/ 16 Official Journal of the European Communities 24 . 12. 88

ANNEX

Specific agricultural conversion rate for rice

(Regulation (EEC) No 3294/86)

1 ECU = Bfs 48,2869 = DM 2,34113 = Dkr 8,93007 = Dr 192,844 = Pta 150,512 = FF 7,85183 = £Irl 0,873900 = Lit 1 725,91 « F1 2,63785 = £ 0,723075