31989R2573

No L 249 /40 Official Journal of the European Communities 25. 8 . 89

COMMISSION REGULATION (EEC) No 2573/89 of 24 August 1989 amending Regulation (EEC) No 1876/89 fixing the monetary compensatory amounts applicable in the agricultural sector and certain coefficients and rates required for their application

THE COMMISSION OF THE EUROPEAN COMMUNITIES, compensatory amounts applicable for Italy to be altered ; whereas, however, the monetary gap for all sectors due to Having regard to the Treaty establishing the European the variation in the lira over that period is within the Economic Community, neutral margin laid down for the fixation of the monetary Having regard to Council Regulation (EEC) No 1677/85 compensatory amounts ; whereas, however, the conversion of 11 June 1985 on monetary compensatory amounts in rates for the peseta laid down pursuant to Article 3a of agriculture ('), as last amended by Regulation (EEC) No Commission Regulation (EEC) No 31 52/85 Q should be 1 889/87 (2), and in particular Article 9 (2) and Article 6a updated for the Italian lira, as last amended by Regulation (2) thereof, (EEC) No 2300/89 (8),

Whereas the monetary compensatory amounts introduced by Regulation (EEC) No 1677/85 were fixed by HAS ADOPTED THIS REGULATION : Commission Regulation (EEC) No 1876/89 (3), as last amended by Regulation (EEC) No 2456/89 (4) ; Article 1 Whereas Commission Regulation (EEC) No 3153/85 (*) as last amended by Regulation (EEC) No 2301 /89 (6), lays Annex III to Regulation (EEC) No 1876/89 is hereby down the rules for calculating monetary compensatory replaced by the Annex to this Regulation. amounts ; whereas the spot market rates recorded pursuant to Regulation (EEC) No 3153/85 in the period from 16 to 22 August 1989 for the Italian lira require in Article 2 theory, pursuant to the second subparagraph of Article 5 (3) of Regulation (EEC) No 1677/85, the monetary This Regulation shall enter into force on 28 August 1989.

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

Done at Brussels, 24 August 1989.

For the Commission Ray MAC SHARRY Member of. the Commission

(') OJ No L 164, 24. 6. 1985, p. 6. (2) OJ No L 182, 3. 7. 1987, p. 1 . 0 OJ No L 188 , 1 . 7. 1989, p. 1 . (4) OJ No L 237, 14. 8. 1989, p. 1 . 0 OJ No L 310, 21 . 11 . 1985, p. 4. O OJ No L 310, 21 . 11 . 1985, p. 1 . («) OJ No L 220, 29. 7. 1989, p. 9. 0 OJ No L 220, 29, 7. 1989, p. 8 .

25. 8 . 89 Official Journal of the European Communities No L 249/41

ANNEX

'ANNEX III

Conversion rates used to fix the monetary compensatory amounts and referred to in Article 3a of Regulation (EEC) No 3152/85

100 Lit 1 £ 1 £ Irl 1 ECU I

Bfrs/Lfrs 2,89377 63,8256 55,2545 48,2869 Dkr 0,535167 11,8038 10,2187 8,93007 DM 0,140301 3,09451 2,67895 2,34113 FF 0,470550 10,3786 8,98483 7,85183 F1 0,158083 3,48671 3,01849 2,63785 £ Irl — 0,0523720 1,15512 0,873900 £ — 0,0453390 0,865710 0,756544 : Lit — 2 205,62 1 909,43 1 668,65 Dr 12,0393 265,540 229,881 200,893 Esc 11,6253 256,409 221,976 193,985 Pta 8,73269 192,610 166,744 145,718 '