31992R2929
12 . 10 . 92 Official Journal of the European Communities No L 295 /49
COMMISSION REGULATION (EEC) No 2929/92
/ of 8 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 Member State ; whereas, pursuant to Article 6a of Regu COMMUNITIES, 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 rules for the application of the system for the automatic Having regard to the Treaty establishing the European dismantlement of negative monetary compensatory Economic Community, 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 1676/85 (u), as last amended by Regulation (EEC) No Having regard to Council Regulation (EEC) No 2205/90, those rates are also to be used for the 1677/ 85 of 11 June 1985 on monetary compensatory conversion of certain other agricultural amounts ; amounts in agriculture (*), as last amended by Regu whereas the rates in question should be fixed to make it lation (EEC) No 2205/90 (2), and in particular easier to use them, Article 9 (2) thereof,
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 last amended by Regulation (EEC) No 2928 /92 (4), on Article 1 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 11 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 last amended by Regulation (EEC) No 3672/ 89 (6); in the Annex hereto.
Whereas, in accordance with Article 3a of Commission Article 2 Regulation (EEC) No 3152/85 of 11 November 1985 laying down detailed rules for the application of Regu The agricultural conversion rates for the pigmeat sector lation (EEC) No 1676/ 85 on the value of the unit of is fixed : account and the conversion rates to be applied for the 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 rates used to fix or, where appropriate, adjust the monetary compensatory amounts, from this time forth — in the United Kingdom at ECU 1 = 0,874575 pound defined as representative market rates, are to be used for sterling. the conversion into ecus of the amounts relating to world market data and expressed in the national currency of a
Article 3 ') OJ No L 164, 24. 6 . 1985, p. 6 . This Regulation shall enter into force on 12 October 2) OJ No L 201 , 31 . 7 . 1990, p. 9 . 1992 . 3) OJ No L 153, 17. 6 . 1991 , p. 1 . 4) See page 1 of this Official Journal. s) OJ No L 310, 21 . 11 . 1985, p. 4 . 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 .
No L 295 /50 Official Journal of the European Communities 12 . 10 . 92
This Regulation shall be binding in its entirety and directly applicable in all Member States .
Done at Brussels, 8 October 1992. For the Commission Ray MAC SHARRY Member ofthe Commission
12 . 10 . 92 Official Journal of the European Communities No L 295/ 51
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 2,38384 52,4150 55,2545 48,5563 Dkr 0,440863 9,69351 10,2186 8,97989 DM 0,115577 2,54126 2,67893 2,35418 FF 0,387632 8,52308 8,98480 7,89563 F1 0,130226 2,86335 3,01847 2,65256 £ Irl 0,0431430 0,948611 — 0,878776 £ 0,0454802 — 1,05417 0,926382 Lit — 2 198,76 2 317,87 2 036,89 Dr 14,4068 316,771 333,932 293,451 Esc 10,0275 220,481 232,426 204,250 Pta 7,81333 171,796 181,103 159,149