31989R2777

No L 268 / 16 Official Journal of the European Communities 15. 9 . 89

COMMISSION REGULATION (EEC) No 2777/89 of 14 September 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 3152/85 Q should be 1889/87 (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 1 876/89 (3), as last amended by Regulation (EEC) No 2707/89 (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 Article 2 from 6 to 12 September 1989 for the Italian lira require in theory, pursuant to the second subparagraph of Article This Regulation shall enter into force on 18 September 5 (3) of Regulation (EEC) No 1677/85, the monetary 1989 .

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

Done at Brussels, 14 September 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 . (J) OJ No L 188 , 1 . 7. 1989, p. 1 . 0 OJ No L 262, 8. 9. 1989, p. 11 . 0 OJ No L 310, 21 . 11 . 1985, p. 4. f) OJ No L 310, 21 . 11 . 1985, p. 1 . (') OJ No L 220, 29. 7. 1989, p. 9. («) OJ No L 220, 29. 7. 1989, p. 8 .

15 . 9 . 89 Official Journal of the European Communities No L 268/ 17

ANNEX

ANNEX III

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

Lit 100 £ 1 £ Irl 1 ECU 1 \

Bfrs/Lfrs 2,89696 63,8256 55,2545 48,2869 Dkr 0,535758 11,8038 10,2187 8,93007 DM 0,140456 3,09451 2,67895 234113 FF 0,471069 10,3786 8,98483 7,85183 F1 0,158257 3,48671 3,01849 2,63785 £ Irl — 0,873900 0,0524290 1,15512 £ 0,0453890 — 0,865710 0,756544 Lit — ' 2 203,19 1 907^2 1 666,81 Dr 12,0080 264,560 229,032 200,151 Esc 11,6381 256,409 221,976 193,985 Pta 8,72541 192,237 166,422 145,436*