31990R3138

1 . 11 . 90 Official Journal of the European Communities No L 305 / 39

COMMISSION REGULATION (EEC) No 3138/90 of 30 October 1990

fixing the market conversion rates to be applied for certain amounts in the context of the common agricultural policy and, in particular, for the calculation of the monetary compensatory amounts

THE COMMISSION OF THE EUROPEAN compensatory amounts, from this time forth defined as COMMUNITIES, market conversion rates, are to be used for the conversion into ecus of the amounts relating to world Having regard to the Treaty establishing the European market data and expressed in the national currency of a Economic Community, Member State ; whereas, pursuant to Article 2 (4) of Having regard to Council Regulation (EEC) No Council Regulation (EEC) No 1676/ 85 ('), as last 1677/85 of 11 June 1985 on monetary compensatory amended by Regulation (EEC) No 2205/90, those rates amounts in agriculture (x), as last amended by Regulation are also to be used for the conversion of certain other (EEC) No 2205/90 (*), and in particular Article 12 agricultural amounts ; whereas the rates in question thereof, should be fixed to make it easier to use them ; Whereas the monetary compensatory amounts Whereas the measures provided for in this Regulation introduced by Regulation (EEC) No 1677/85 are fixed are in accordance with the opinion of the Management by Commission Regulation (EEC) No 1207/90 (J), as Committee for Oils and Fats, last amended by Regulation (EEC) No 3137/90 (4), on 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 The market conversion rates referred to in Article 3a of calculation of monetary compensatory amounts (5), as last amended by Regulation (EEC) No 3672/89 ('); Regulation (EEC) No 3152/ 85 , to be applied for certain amounts in the context of the common agricultural Whereas, in accordance with Article 3a of Commission policy and used to fix or, where appropriate, to adjust Regulation (EEC) No 3152/85 of 11 November 1985 the monetary compensatory amounts, shall be set out in laying down detailed rules for the application of Regu­ the Annex hereto. lation (EEC) No 1676/85 on the value of the unit of account and the conversion rates to be applied for the Article 2 purposes of the common agricultural policy (7), as last amended by Regulation (EEC) No 2300/89 (*), the rates This Regulation shall enter into force on 1 November 1990 . used to fix or, where appropriate, adjust the monetary

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

Done at Brussels, 30 October 1990 .

For the Commission Ray MAC SHARRY Member ofthe Commission

C) OJ No L 164, 24. 6. 1985, p. 6. O OJ No L 201 , 31 . 7. 1990, p. 9. O OJ No L 122, 14. 5. 1990, p. 1 . (4) See page 1 of this Official Journal. O OJ No L 310, 21 . 11 . 1985 , p. 4. 0) OJ No L 358, 8 . 12. 1989, p. 28 . O OJ No L 310, 21 . 11 . 1985 , p. 1 . (•) OJ No L 220, 29. 7. 1989, p. 8 . O OJ No L 164, 24. 6. 1985, p. 1 .

No L 305 /40 1 . 11 . 90 Official Journal of the European Communities

ANNEX

Market conversion rates to be applied for certain amounts in the context of the common agricultural policy and, in particular, for the calculation of the monetary compensatory amounts

100 Lit 1 £ 1 £ Irl 1 ECU

Bfrs/Lfrs 2,75661 60,8248 55,2545 48,5563 Dkr 0,509801 11,2488 10,2186 8,97989 DM 0,133650 2,94900 2,67893 2,35418 FF 0,448246 9,89058 8,98480 7,89563 F1 0,150590 3,32277 3,01847 2,65256 £ Irl — 0,0498894 1,10081 0,878776 £ — 0,0453205 0,908420 0,798298 Lit — 2 206,51 2 004,44 1 761,45 Dr 13,4934 297,732 270,466 237,679 Esc 11,8123 260,640 236,770 208,068 Pta 8,40052 185,358 168,383 147,971