31992R3390

26 . 11.92 Official Journal of the European Communities No L 345/49

COMMISSION REGULATION (EEC) No 3390/92

of 25 November 1992 firing the representative market rates to be applied for certain amounts in die 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 Spain 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 ("), 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 ("), 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 ( 1 ) thereof,

Whereas the measures provided for in this Regulation are in accordance with the opinion of the relevant management committees, Whereas the monetary compensatory amounts introduced by Regulation (EEC) No 1677/ 85 were fixed by Commission Regulation (EEC) No 1641 /91 (3), as HAS ADOPTED THIS REGULATION : last amended by Regulation (EEC) No 3389 (4), on the basis of the central rates and, for certain Member States, on the basis of the exchange rates referred to in Article 3 of Commission Regulation (EEC) No 3153/85 of 11 Article 1 November 1985 laying down detailed rules for the calcu­ The representative market rates referred to in Article 3a lation of monetary compensatory amounts ('), as last of Regulation (EEC) No 3152/85, to be applied for amended by Regulation (EEC) No 3672/89 (*); certain amounts in the context of the common agri­ cultural policy and used to fix or, where appropriate, to adjust the monetary compensatory amounts, are set put in the Annex hereto. Whereas, in accordance with Article 3a of Commission Regulation (EEC) No 3152/85 of 11 November 1985 laying down detailed rules for the application of Regu­ Article 2 lation (EEC) No 1676/ 85 on the value of the unit of account and the conversion rates to be applied for the The agricultural conversion rates for the pigmeat sector purposes of the common agricultural policy (7), as last is fixed : amended by Regulation (EEC) No 3237/90 (*), the — in Spain at ECU 1 — Spanish peseta 165,993, rates used to fix or, where appropriate, adjust the monetary compensatory amounts, from this time forth — in the United Kingdom at ECU 1 = £ 0,960016. defined as representative market rates, are to be used for the conversion into ecus of the amounts relating to world market data and expressed in the national currency of a Article 3

This Regulation shall enter into force on 26 November C) oj No L 164, 24. 6. 1985, p. 6. 1992 . O OJ No L 201 , 31 . 7. 1990, p. 9. O OJ No L 153, 17. 6. 1991 , p. 1 . (4) See page 1 of this Official Journal. C) OJ No L 310, 21 . 11 . 1985, p. 4. 0) OJ No L 358, 8 . 12 . 1989, p. 28 . (') OJ N6 L 312, 18 . 11 . 1988 , p. 16. O OJ No L 310, 21 . 11 . 1985, p. 1 . (,0) 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 345/50 Official Journal of the European Communities 26. 11.92

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

Done at Brussels, 25 November 1992. For the Commission Ray MAC SHARRY Member ofthe Commission

26 . 11.92 Official Journal of the European Communities No L 345 /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 2,38936 50,3085 55,2545 48,5563 Dkr 0,441882 9,30394 10,2186 8,97989 DM 0,115844 2,43913 2,67893 2,35418 FF 0,388528 8,18055 8,98480 7,89563 F1 0,130527 2,74828 3,01847 2,65256 £ Irl 0,0432428 0,910487 — 0,878776 £ 0,0474941 — 1,09831 0,965171 Lit — 2 105,52 2 312,52 2 032,19 Dr 15,0320 316,501 347,618 305,478 Esc 10,3102 217,084 238,426 209,523 Pta 8,36546 176,137 193,453 170,002