31991R1701

24 . 6 . 91 Official Journal of the European Communities No L 159 / 51

COMMISSION REGULATION (EEC) No 1701 /91 of 20 June 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 (1C), 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 (*), 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 (J), 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 1641 /91 (*), as amended by Regulation (EEC) No 1700/91 (*), on the The representative market rates referred to in Article 3a basis of the central rates and, for certain Member States, of Regulation (EEC) No 3152/85 , to be applied for on the basis of the exchange rates referred to in Article 3 certain amounts in the context of the common agri­ of Commission Regulation (EEC) No 3153/85 of cultural policy and used to fix or, where appropriate, to 11 November 1985 laying down detailed rules for the adjust the monetary compensatory amounts, are set out calculation of monetary compensatory amounts (7), as 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 24 June 1991 .

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

Done at Brussels, 20 June 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 . O OJ No L 153, 17. 6 . 1991 , p. 1 . (6) See page 1 of this Official Journal. O OJ No L 310, 21 . 11 . 1985 , p. 1 . O OJ No L 310, 21 . 11 . 1985, p. 4. (") OJ No L 310, 9 . 11 . 1990, p. 18 . (•) OJ No L 358 , 8 . 12 . 1989, p. 28 . (") OJ No L 164, 24. 6. 1985, p. 1 .

No L 159/52 Official Journal of the European Communities 24 . 6 . 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 I

Bfrs /Lfrs 2,75661 60,5689 55,2545 48,5563 Dkr 0,509801 11,2015 10,2186 8,97989 DM 0,133650 2,93659 2,67893 2,35418 FF 0,448246 9,84897 8,98480 7,89563 F1 0,150590 3,30879 3,01847 2,65256 £ Irl 0,0498894 1,09618 0,878776 £ 0,0455120 0,912259 0,801671 Lit 2 197,22 2 004,44 1 761,45 Dr 14,5449 319,584 291,543 256,201 Esc 11,8031 259,341 236,586 207,906 Pta 8,27511 181,823 165,869 145,762