31993R0182

No L 22/56 Official Journal of the European Communities 30 . 1 . 93

COMMISSION REGULATION (EEC) No 182/93 of 29 January 1993 fixing the agricultural conversion rates

THE COMMISSION OF THE EUROPEAN COMMUNITIES, operative event applicable for the currency concerned exceeds four points ; whereas, in that event, the agricul­ Having regard to the Treaty establishing the European tural conversion rate fixed in advance is brought more Economic Community, closely into line with the rate in force, up to the level of a gap of four points with that rate ; whereas the rate which Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the unit of account and the replaces the agricultural conversion rate fixed in advance should be specified, conversion rates to be applied for the purposes of the common agricultural policy ('), and in particular Article 3 (1 ) thereof, HAS ADOPTED THIS REGULATION :

Whereas the agricultural conversion rates were fixed by Article 1 Commission Regulation (EEC) No 32/93 (2) ; Whereas Article 4 (1 ) of Regulation (EEC) No 3813/92 The agricultural conversion rates are fixed in Annex I hereto. provides that the agricultural conversion rate for a floating currency shall be adjusted where the monetary gap with the representative market rate for the last reference period Article 2 of a month exceeds two points ; whereas, in that case, the In the case referred to in Article 11 (2) of Regulation new agricultural conversion rate is fixed so as to reduce (EEC) No 3819/92, the agricultural conversion rate fixed that monetary gap by half ; in advance shall be replaced by the ecu rate for the Whereas the representative market rates are determined currency concerned, shown in Annex II : on the basis of reference periods determined in accor­ — Table A, where the latter rate is higher than the rate dance with Commission Regulation (EEC) No 3819/92 of fixed in advance, 28 December 1992 on detailed rules for determining and or applying the agricultural conversion rates (3) ; — Table B, where the latter rate is lower than the rate Whereas, as a consequence of the exchange rates recorded fixed in advance. during the reference period from 21 to 31 January 1993, it is necessary to fix a new agricultural conversion rate for Article 3 the pound sterling ; Regulation (EEC) No 32/93 is hereby repealed. Whereas Article 11 (2) of Regulation (EEC) No 3819/92 provides that an agricultural conversion rate fixed in Article 4 advance shall be adjusted if the gap between that rate and the agricultural conversion rate in force at the time of the This Regulation shall enter into force on 1 February 1993.

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

Done at Brussels, 29 January 1993.

For the Commission Ren6 STEICHEN Member of the Commission 1

(') OJ No L 387, 31 . 12. 1992, p. 1 . V) OJ No L 5, 9. 1 . 1993, p. 19. 0 OJ No L 387, 31 . 12. 1992, p. 17.

30 . 1 . 93 Official Journal of the European Communities No L 22/57

ANNEX I

Agricultural conversion rates

ECU 1 = 48,5563 Belgian and Luxembourg francs 8,97989 Danish kroner 2,35418 German marks 310,351 Greek drachmas 166,075 Spanish pesetas 7,89563 French francs 0,878776 Irish punt 2 133,00 Italian lire 2,65256 Dutch guilders 209,523 Portuguese escudos 0,951031 Pound sterling

ANNEX II

Agricultural conversion rates fixed in advance and adjusted

Table A Table B

ECU 1 = 46,6888 Belgian and ECU 1 = 50,5795 Belgian and Luxembourg francs Luxembourg francs 8,63451 Danish kroner 9,35405 Danish kroner 2,26363 German marks 2,45227 German marks 298,414 Greek drachmas 323,282 Greek drachmas 159,688 Spanish pesetas 172,995 Spanish pesetas 7,59195 French francs 8,22461 French francs 0,844977 Irish punt 0,915392 Irish punt 2 050,96 Italian lire 2 221,88 Italian lire 2,55054 Dutch guilders 2,76308 Dutch guilders 201,464 Portuguese escudos 218,253 Portuguese escudos 0,914453 Pound sterling 0,990657 Pound sterling