31992R2874

No L 289 /42 Official Journal of the European Communities 5 . 10 . 92

COMMISSION REGULATION (EEC) No 2874/92 of 1 October 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 (10), 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 ("), 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 (*), and in particular whereas the rates in question should be fixed to make it Article 9 (2) thereof, easier to use them,

HAS ADOPTED THIS REGULATION : Whereas the monetary compensatory amounts introduced by Regulation (EEC) No 1677/85 were fixed by Commission Regulation (EEC) No 1641 /91 (J), as Article 1 last amended by Regulation (EEC) No 2873/92 (4), on the basis of the central rates and, for certain Member The representative market rates referred to in Article 3a States, on the basis of the exchange rates referred to in of Regulation (EEC) No 3152/85, to be applied for Article 3 of Commission Regulation (EEC) No 3153/85 certain amounts in the context of the common agri­ of 1 1 November 1985 laying down detailed rules for the cultural policy and used to fix or, where appropriate, to calculation of monetary compensatory amounts (*), as adjust the monetary compensatory amounts, are set out in the Annex hereto. last amended by Regulation (EEC) No 3672/89 (*);

Article2¶

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

1) OJ No L 164, 24. 6. 1985, p. 6. Article 3 2) OJ No L 201 , 31 . 7. 1990, p. 9. *) OJ No L 153, 17. 6. 1991 , p. 1 . This Regulation shall enter into force on 5 October 1992 . 4) See page 1 of this Official Journal . f) OJ No L 310, 21 . 11 . 1985, p. 4. ♦) OJ No L 358 , 8 . 12. 1989, p. 28 . C) OJ No L 312 , 18 . 11 . 1988, p. 16. 0 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 .

5 . 10 . 92 Official Journal of the European Communities No L 289/43

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

Done at Brussels, 1 October 1992. For the Commission Ray MAC SHARRY Member ofthe Commission

No L 289/44 Official Journal of the European Communities 5 . 10 . 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 10,5456 226,854 232,426 204,250 Pta 8,21698 176,762 181,103 159,149