31991R1041

No L 106/32 Official Journal of the European Communities 26 . 4. 91

COMMISSION REGULATION (EEC) No 1041 /91 of 25 April 1991 fixing the representative market rates to be applid 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 COMMUNITIES, depending on the trend in the escudo (9) temporarily suspends the application of the compensatory amount in question pending confirmation of the trend in the escudo ; Having regard to the Treaty establishing the European Economic Community, Whereas, in accordance with Article 3a of Commission Regulation (EEC) No 3152/85 of 11 November 1985 laying down detailed rules for the application of Regula­ Having regard to Council Regulation (EEC) No 1677/85 tion (EEC) No 1676/85 on the value of the unit of of 11 June 1985 on monetary compensatory amounts in account and the conversion rates to be applied for the agriculture ('), as last amended by Regulation (EEC) No purposes of the common agricultural policy (10), as last 2205/90 (2), and in particular Article 9 (2) thereof, amended by Regulation (EEC) No 3237/90 ("), the rates used to fix or, where appropriate, adjust the monetary compensatory amounts, from this time forth defined as representative market rates, are to be used for the conver­ Having regard to Commission Regulation (EEC) No sion into ecus of the amounts relating to world market 3578/88 of 17 November 1988 laying down detailed rules data and expressed in the national currency of a Member for the application of the system for the automatic State ; whereas, pursuant to Article 2 (4) of Council Regu­ dismantlement of negative monetary compensatory lation (EEC) No 1676/85 (12), as last amended by Regula­ amounts (3), as last amended by Regulation (EEC) No tion (EEC) No 2205/90, those rates are also to be used for 287/91 (4), and in particular Article 7 thereof, the conversion of certain other agricultural 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 were fixed by Commis­ sion Regulation (EEC) No 1207/90 (5), as last amended by Regulation (EEC) No 950/91 (6), on the basis of the central rates and, for certain Member States, on the basis HAS ADOPTED THIS REGULATION : of the exchange rates referred to in Article 3 of Commis­ sion Regulation (EEC) No 3153/85 of 11 November 1985 laying down detailed rules for the calculation of monetary compensatory amounts (7), as last amended by Regulation (EEC) No 3672/89 («); Article 1

The representative market rates referred to in Article 3a of Whereas the spot market rates recorded in accordance Regulation (EEC) No 3152/85, to be applied for certain with Regulation (EEC) No 3153/85 in the period 17 to 23 amounts in the context of the common agricultural policy April 1991 for the Portuguese escudo lead, pursuant to and used to fix or, where appropriate, to adjust the mone­ Article 9 (2) of Regulation (EEC) No 1677/85, to a change tary compensatory amounts, shall be set out in the Annex in the compensatory amounts applicable to Portugal and hereto. an adaptation of the agricultural conversion rate for Portugal in the pigmeat sector in accordance with Article 6a of Regulation (EEC) No 1677/ 85 ; whereas, however, Commission Regulation (EEC) No 1040/91 of 25 April 1991 on monetary compensatory amounts applicable Article 2

(') OJ No L 164, 24. 6 . 1985, p. 6. (2) OJ No L 201 , 31 . 7. 1990, p. 9. This Regulation shall enter into force on 29 April 1991 . (J) OJ No L 312, 18 . 11 . 1988 , p. 16. (") OJ No L 35, 7. 2. 1991 , p. 10 . (j OJ No L 122, 14. 5. 1990, p. 1 . (*) See page 31 of this Official Journal. (6) OJ No L 101 , 27. 4. 1991 , p. 1 . H OJ No L 310, 21 . 11 . 1985, p. 1 . 0 OJ No L 310, 21 . 11 . 1985, p. 4. (") OJ No L 310, 9. 11 . 1990, p. 18 . (8) OJ No L 358 , 8 . 12. 1989, p. 28 . (u) OJ No L 164, 24. 6. 1985, p. 1 .

26. 4. 91 Official Journal of the European Communities No L 106/33

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

Done at Brussels, 25 April 1991 .

For the Commission Ray MAC SHARRY Member of the Commission

ANNEX

Representative market 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 £ Irl 1 ECU

Bfrs/ Lfrs 2,75661 61,2270 . 55,2545 48,5563 Dkr 0,509801 11,3232 10,2186 8,97989 DM 0,133650 2,96850 2,67893 2,35418 FF 0,448246 9,95598 8,98480 7,89563 F1 0,150590 3,34474 3,01847 2,65256 £ Irl 0,0498894 1,10809 0,878776 £ 0,0450228 0,902453 0,793054 Lit 2 221,10 2 004,44 1 761,45 Dr 14,4866 321,761 290,374 255,174 Esc 11,5933 257,498 232,380 204,210 Pta 8,27375 183,768 165,842 145,738