31992R2777

No L 283 /46 Official Journal of the European Communities 28 . 9 . 92

COMMISSION REGULATION (EEC) No 2777/92 of 24 September 1992 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 and the agricultural conversion rates for the pigmeat sector in Italy and the United Kingdom

THE COMMISSION OF THE EUROPEAN the conversion into ecus of the amounts relating to world COMMUNITIES , market data and expressed in the national currency of a Member State ; whereas, pursuant to Article 6a of Regu­ lation (EEC) No 1677 / 85 and without prejudice to Article 7 (2) of Commission Regulation (EEC) No 3578 / 88 of 17 November 1988 laying down detailed Having regard to the Treaty establishing the European rules for the application of the system for the automatic Economic Community, dismantlement of negative monetary compensatory amounts ('), as last amended by Regulation (EEC) No 3137/91 (,0), those rates are to be the agricultural conversion rates applying to pigmeat; whereas, pursuant to Article 2 (4) of Council Regulation (EEC) No Having regard to Council Regulation (EEC) No 1676 / 85 (n), as last amended by Regulation (EEC) No 1677 / 85 of 11 June 1985 on monetary compensatory 2205 / 90, those rates are also to be used for the amounts in agriculture ('), as last amended by Regu­ conversion of certain other agricultural amounts ; lation (EEC) No 2205 /90 (2), and in particular whereas the rates in question should be fixed to make it Article 9 ( 1 ) thereof, easier to use them ;

Whereas the monetary compensatory amounts HAS ADOPTED THIS REGULATION : introduced by Regulation (EEC) No 1677/ 85 were fixed by Commission Regulation (EEC) No 1641 /91 (J), as last amended by Regulation (EEC) No 2776/92 (4), on the basis of the central rates and, for certain Member Article 1 States, on the basis of the exchange rates referred to in Article 3 of Commission Regulation (EEC) No 3153 / 85 The representative market rates referred to in Article 3 a of 11 November 1985 laying down detailed rules for the of Regulation (EEC) No 3152/85, to be applied for calculation of monetary compensatory amounts (5), as certain amounts in the context of the common agri­ last amended by Regulation (EEC) No 3672 / 89 (6); cultural policy and used to fix or, where appropriate, to adjust the monetary compensatory amounts, are set out in the Annex hereto .

Whereas, in accordance with Article 3a of Commission Regulation (EEC) No 3152 / 85 of 11 November 1985 Article 2 laying down detailed rules for the application of Regu­ lation (EEC) No 1676/ 85 on the value of the unit of The agricultural conversion rates for the pigmeat sector account and the conversion rates to be applied for the is fixed purposes of the common agricultural policy (7), as last — in Italy at ECU 1 = 1 931,48 Italian lira amended by Regulation (EEC) No 3237/90 (*), the — in the United Kingdom at ECU 1 = 0,874575 pound rates used to fix or, where appropriate, adjust the sterling. monetary compensatory amounts , from this time forth defined as representative market rates , are to be used for

O OJ No L 164 , 24 . 6 . 1985 , p. 6 . Article 3 O OJ No L 201 , 31 . 7 . 1990 , p. 9 . O OJ No L 153 , 17 . 6 . 1991 , p. 1 . This Regulation shall enter into force on 28 September 1992 . O See page 1 of this Official Journal . (s) OJ No L 310 , 21 . 11 . 1985 , p. 4 . («) OJ No L 358 , 8 . 12 . 1989 , p. 28 . O OJ No L 312 , 18 . 11 . 1988 , p. 16 . (') OJ No L 310 , 21 . 11 . 1985 , p. 1 . H OJ No L 297 , 29 . 10 . 1991 , p. 17 . («) OJ No L 310 , 9 . 11 . 1990 , p. 18 . (") OJ No L 164 , 24 . 6 . 1985 , p. 1 .

28 . 9 . 92 Official Journal of the European Communities No L 283 /47

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

Done at Brussels , 24 September 1992. For the Commission Ray MAC SHARRY Member ofthe Commission

No L 283 / 48 Official Journal of the European Communities 28 . 9 . 92

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 2,50700 53,9301 55,2545 48,5563 Dkr 0,463639 9,97370 10,2186 8,97989 DM 0,121548 2,61472 2,67893 2,35418 FF 0,407657 8,76944 8,98480 7,89563 F1 0,136954 2,94612 3,01847 2,65256 £ Irl 0,0453719 0,976031 — 0,878776 £ 0,0464861 — 1,02456 0,900357 Lit — 2 151,18 2 204,01 1 936,83 Dr 15,0062 322,810 330,737 290,644 Esc 10,2954 221,472 226,911 199,404 Pta 8,35954 179,829 184,245 161,910