31990R1905

9 . 7 . 90 Official Journal of the European Communities No L 175 /43

COMMISSION REGULATION (EEC) No 1905/90 of 5 July 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 purposes of the common agricultural policy (7), as last COMMUNITIES, amended by Regulation (EEC) No 2300/89 (•), the rates used to fix or, where appropriate, adjust the monetary Having regard to the Treaty establishing the European compensatory amounts are to be used for the conversion Economic Community, into ecus of the amounts relating to world market data and expressed in the national currency of a Member Having regard to Council Regulation (EEC) No State; whereas, pursuant to Article 2 (4) of Council 1677/ 85 of 11 June 1985 on monetary compensatory Regulation (EEC) No 1676/85 (*), as last amended by amounts in agriculture (1), as last amended by Regulation Regulation (EEC) No 1636/87 (10), those rates are also (EEC) No 1889/ 87 (2), and in particular Article 12 to be used for the conversion of certain other agri­ thereof, cultural amounts ; whereas the rates in question should be fixed to make it easier to use them ; Whereas the monetary compensatory amounts introduced by Regulation (EEC) No 1677/85 are fixed Whereas the measures provided for in this Regulation by Commission Regulation (EEC) No 1207/90 (J), as are in accordance r with the opinion of the relevant last amended by Regulation (EEC) No 1904/90 (4), on management committees, the basis of the central rates and, for certain Member HAS ADOPTED THIS REGULATION : States, on the basis of the exchange rates referred to in Article 3 of Commission Regulation (EEC) No 3153/85 Article 1 of 11 November 1985 laying down detailed rules for the calculation of monetary compensatory amounts (s), as The conversion rates used to fix or, where appropriate, last amended by Regulation (EEC) No 3672 /89 (6); to adjust the monetary compensatory amounts , as referred to in Article 3a of Regulation (EEC) No Whereas, in accordance with Article 3a of Commission 3152/ 85, shall be as set out in the Annex hereto. Regulation (EEC) No 3152/ 85 of 11 November 1985 laying down detailed rules for the application of Regu­ Article 2 lation (EEC) No 1676/ 85 on the value of the unit of account and the conversion rates to be applied for the This Regulation shall enter into force on 9 July 1990.

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

Done at Brussels, 5 July 1990. For the Commission Ray MAC SHARRY Member ofthe Commission

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

No L 175 / 44 Official Journal of the European Communities 9 . 7 . 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 0,0498895 1,07775 — 0,873900 £ 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 8,24145 178,038 165,194 144,363