31991R1281

20 . 5 . 91 Official Journal of the European Communities No L 125 / 49

COMMISSION REGULATION (EEC) No 1281/91 of 16 May 1991 fixing the 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

THE COMMISSION OF THE EUROPEAN laying down detailed rules for the application of Regu­ COMMUNITIES, lation (EEC) No 1676/85 on the value of the unit of 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 3237/90 (10), the Having regard to Council Regulation (EEC) No rates used to fix or, where appropriate, adjust the 1677/ 85 of 11 June 1985 on monetary compensatory monetary compensatory amounts, from this time forth amounts in agriculture ('), as last amended by Regulation defined as representative market rates, are to be used for (EEC) No 2205/90 (2), and in particular Article 9 (2) the conversion into ecus of the amounts relating to world thereof, market data and expressed in the national currency of a Member State; whereas, pursuant to Article 2 (4) of Having regard to Commission Regulation (EEC) No Council Regulation (EEC) No 1676/85 ("), as last 3578 /88 of 17 November 1988 laying down detailed amended by Regulation (EEC) No 2205/90, those rates rules for the application of the system for the automatic are also to be used for the conversion of certain other dismantlement of negative monetary compensatory agricultural amounts ; whereas the rates in question amounts ('), as last amended by Regulation (EEC) No should be fixed to make it easier to use them, 287/91 (4), and in particular Article 7 thereof, HAS ADOPTED THIS REGULATION : Whereas the monetary compensatory amounts introduced by Regulation (EEC) No 1677/85 were fixed Article 1 by Commission Regulation (EEC) No 1207/90 (*), as last amended by Regulation (EEC) No 1280/91 ('), on The representative market rates referred to in Article 3a the basis of the central rates and, for certain Member of Regulation (EEC) No 3152/85, to be applied for States, on the basis of the exchange rates referred to in certain amounts in the context of the common agri­ Article 3 of Commission Regulation (EEC) No 3153/85 cultural policy and used to fix or, where appropriate, to of 11 November 1985 laying down detailed rules for the adjust the monetary compensatory amounts, shall be set calculation of monetary compensatory amounts (7), as out in the Annex hereto. last amended by Regulation (EEC) No 3672/89 (*); Article 2 Whereas, in accordance with Article 3a of Commission Regulation (EEC) No 3152/85 of 11 November 1985 This Regulation shall enter into force on 20 May 1991 .

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

Done at Brussels, 16 May 1991 . For the Commission Ray MAC SHARRY Member ofthe Commission

o OJ No L 164, 24. 6. 1985, p. 6 . O OJ No L 201 , 31 . 7. 1990, p. 9. O OJ No L 312, 18. 11 . 1988 , p. 16. (4) OJ No L 35, 7. 2 . 1991 , p. 10. (5) OJ No L 122, 14. 5. 1990, p. 1 . (') See page 1 of this Official Journal. O OJ No L 310, 21 . 11 . 1985, p. 1 . (') OJ No L 310, 21 . 11 . 1985, p. 4 . C°) OJ No L 310, 9 . 11 . 1990, p. 18 . (•) OJ No L 358 , 8 . 12. 1989, p. 28 . O OJ No L 164, 24. 6. 1985, p. 1 .

No L 125/ 50 Official Journal of the European Communities 20 . 5 . 91

ANNEX

Representative market rates to be applied for certain amounts in the context of the common agricul­ tural policy and, in particular, for the calculation of the monetary compensatory amounts

100 lit 1 £ 1 £ Irl 1 ECU

Bfrs/Lfrs 2,75661 61,1554 55,2545 48,5563 Dkr 0,509801 11,3099 10,2186 8,97989 DM 0,133650 2,96503 2,67893 2,35418 FF 0,448246 9,94434 8,98480 7,89563 F1 0,150590 3,34083 3,01847 2,65256 £ Irl — 0,878776 0,0498894 1,10680 £ 0,0450755 — 0,903509 0,793982 Lit — 2 218,50 2 004,44 1 761,45 Dr 14,6411 324,812 293,471 257,895 Esc 11,6489 258,432 233,495 205,190 Pta 8,27477 183,576 165,863 145,756