31994R2082

20 . 8 . 94 Official Journal of the European Communities No L 215/7

COMMISSION REGULATION (EC) No 2082/94 of 19 August 1994

fixing the agricultural conversion rates

THE COMMISSION OF THE EUROPEAN COMMUNITIES, advance shall be adjusted if the gap between that rate and the agricultural conversion rate in force at the time of the Having regard to the Treaty establishing the European operative event applicable for the currency concerned Community, exceeds four points ; whereas, in that event, the agricul­ tural conversion rate fixed in advance is brought more Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the unit of account and the 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 conversion rates to be applied for the purposes of the replaces the agricultural conversion rate fixed in advance common agricultural policy ('), as last amended by Regu­ lation (EC) No 3528/93 (2), and in particular Article 3 ( 1 ) should be specified, thereof, HAS ADOPTED THIS REGULATION : Whereas the agricultural conversion rates were fixed by Commission Regulation (EC) No 2057/94 (3) ; Article 1 Whereas Article 4 of Regulation (EEC) No 3813/92 The agricultural conversion rates are fixed in Annex I provides that the agricultural conversion rate for a floating hereto. currency is to be adjusted where the monetary gap between it and the representative market rate exceeds Article 2 certain levels ; whereas, notwithstanding that Article 4, Article 4a of that Regulation applies until 31 December 1994 ; In the case referred to in Article 15 (3) of Regulation (EEC) No 1068/93, the agricultural conversion rate fixed Whereas the representative market rates are determined in advance shall be replaced by the ecu rate for the on the basis of reference periods established in accord­ currency concerned, shown in Annex II : ance with Commission Regulation (EEC) No 1068/93 of — Table A, where the latter rate is higher than the rate 30 April 1993 on detailed rules for determining and fixed in advance, applying the agricultural conversion rates (4), as amended by Regulation (EC) No 547/94 (*) ; or

Whereas, as a consequence of the exchange rates recorded — Table B, where the latter rate is lower than the rate fixed in advance. during the reference period 16 to 20 August 1994, it is necessary on the one hand to fix the limits referred to in paragraphs 1 and 3 of Article 4a of Regulation (EEC) Article 3 No 3813/92 at + 3,628 and — 1,372 and on the other hand to fix a new agricultural conversion rate for the Regulation (EC) No 2057/94 is hereby repealed. Italian lira and the pound sterling ; Article 4 Whereas Article 15 (3) of Regulation (EEC) No 1068/93 provides that an agricultural conversion rate fixed in This Regulation shall enter into force on 21 August 1994.

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

Done at Brussels, 19 August 1994.

For the Commission Rene STEICHEN Member of the Commission

O OJ No L 387, 31 . 12. 1992, p. 1 . O OJ No L 320, 22. 12. 1993, p. 32. 0 OJ No L 211 , 17. 8 . 1994, p. 4. (4) OJ No L 108, 1 . 5. 1993, p. 106. O OJ No L 69, 12. 3. 1994, p. 1 .

No L 215/8 Official Journal of the European Communities 20. 8 . 94

ANNEX I

Agricultural conversion rates

ECU 1 - 49,3070 Belgian and Luxembourg francs 9,34812 Danish kroner 2,35418 German marks 346,789 Greek drachmas 192,319 Spanish pesetas 7,98191 French francs 0,976426 Irish punt 2 339,97 Italian lire 2,65256 Dutch guilders 239,331 Portuguese escudos 0,953575 Pound sterling

ANNEX II

Agricultural conversion rates fixed in advance and adjusted

Table A Table B

ECU 1 = 47,4106 Belgian and ECU 1 = 51,3615 Belgian and Luxembourg francs Luxembourg francs 8,98858 Danish kroner 9,73763 Danish kroner 2,26363 German marks 2,45227 German marks 333,451 Greek drachmas 361,239 Greek drachmas 184,922 Spanish pesetas 200,332 Spanish pesetas 7,67491 French francs 8,31449 French francs 0,938871 Irish punt 1,01711 Irish punt 2 249,97 Italian lire 2 437,47 Italian life 2,55054 Dutch guilders 2,76308 Dutch guilders 230,126 Portuguese escudos 249,303 Portuguese escudos 0,916899 Pound sterling 0,993307 Pound sterling