31990R1770

29 . 6 . 90 Official Journal of the European Communities No L 165 / 49

COMMISSION REGULATION (EEC) No 1770/90

of 28 June 1990

fixing the conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

THE COMMISSION OF THE EUROPEAN lation (EEC) No 1676/ 85 on the value of the unit of COMMUNITIES, account and the conversion rates to be applied for the Having regard to the Treaty establishing the European purposes of the common agricultural policy ('), as last Economic Community, amended by Regulation (EEC) No 2300/ 89 (10), the rates used to fix or, where appropriate, adjust the Having regard to Commission Regulation (EEC) No monetary compensatory amounts are to be , used for the 3578 / 88 of 17 November 1988 laying down detailed conversion into ecus of the amounts relating to world rules for the application of the system for the automatic market data and expressed in the national currency of a dismantlement of negative monetary compensatory Member State ; whereas, pursuant to Article 2 (4) of amounts ('), as last amended by Regulation (EEC) No Council Regulation (EEC) No 1676/ 85 ("), as last 747 /90 O, amended by Regulation (EEC) No 1636/87 (n), those rates are also to be used for the conversion of certain Having regard to Council Regulation (EEC) No 1677/85 of 11 June 1985 on monetary compensatory other agricultural amounts ; whereas the rates in question amounts in agriculture (3), as last amended by Regulation should be fixed to make it easier to use them ; (EEC) No 1889/87 (4), and in particular Article 12 Whereas the measures provided for in this Regulation thereof, are x in accordance with the opinion of the relevant Whereas the monetary compensatory amounts management committees, introduced by Regulation (EEC) No 1677 / 85 are fixed HAS ADOPTED THIS REGULATION : by Commission Regulation (EEC) No 1207/90 (5), as last amended by Regulation (EEC) No 1769/90 (6), on the basis of the central rates and, for certain Member Article 1 States, on the basis of the exchange rates referred to in Article 3 of Commission Regulation (EEC) No 3153 / 85 The conversion rates used to fix or, where appropriate, of 11 November 1985 laying down detailed rules for the to adjust the monetary compensatory amounts, as calculation of monetary compensatory amounts (7), as referred to in Article 3 a of Regulation (EEC) No last amended by Regulation (EEC) No 3672/ 89 (8); 3152/ 85, shall be as set out in the Annex hereto . Whereas, in accordance with Article 3a of Commission Article 2 Regulation (EEC) No 3152 / 85 of 11 November 1985 laying down detailed rules for the application of Regu­ This Regulation shall enter into force on 1 July 1990.

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

Done at Brussels, 28 June 1990. For the Commission Ray MAC SHARRY Member ofthe Commission

') OJ No L 312 , 18 . 11 . 1988 , p. 16. 2) OJ No L 82 , 29. 3 . 1990, p . 24. ') OJ No L 164, 24. 6. 1985 , p. 6. 4) OJ No L 182 , 3 . 7 . 1987 , p . 1 . 5) OJ No L 122 , 14. 5 . 1990 , p. 1 . O OJ No L 310, 21 . 11 . 1985, p. 1 . 6) See page 1 of this Official Journal. H OJ No L 220, 29. 7 . 1989, p. 8 . 0 OJ No L 310, 21 . 11 . 1985 , p. 4. (") OJ No L 164, 24. 6 . 1985 , p. 1 . •) OJ No L 358 , 8 . 12 . 1989, p. 28 . (") OJ No L 153 , 13 . 6 . 1987, p. 1 .

No L 165 / 50 Official Journal of the European Communities 29 . 6 . 90

ANNEX

Conversion rates used for the calculation of monetary compensatory amounts and to be applied for certain amounts in the agricultural sector

100 Lit 1 £ 1 £ Irl 1 ECU

Bfrs/Lfrs 2,75662 59,5503 55,2545 48,2868 Dkr 0,509804 11,0131 10,2187 8,93008 DM 0,133651 2,88723 2,67895 2,34113 FF 0,448248 9,68337 8,98483 7,85183 F1 0,150591 3,25316 3,01849 2,63785 £ Irl 1,07775 — 0,873900 0,0498895 £ — 0,0462910 0,927860 0,810857 Lit — 2 160,27 2 004,43 1 751,67 Dr 13,1259 283,554 263,099 229,922 Esc 11,7765 254,404 236,051 206,285 Pta 8,26012 178,441 165,568 144,690