Commission Regulation (EC) No 939/98 of 4 May 1998 fixing, for April 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector
5. 5. 98 EN Official Journal of the European Communities L 131/5 COMMISSION REGULATION (EC) No 939/98 of 4 May 1998 fixing, for April 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organisation of the markets in the sugar sector (1), as last amended by Regula- tion (EC) No 1599/96 (2), Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (3), as last amended by Regu- lation (EC) No 150/95 (4), Having regard to Commission Regulation (EEC) No 1713/93 of 30 July 1993 establishing special detailed rules for applying the agricultural conversion rate in the sugar sector (5), as last amended by Regulation (EC) No 59/97 (6), and in particular Article 1(3) thereof, Whereas Article 1(2) of Regulation (EEC) No 1713/93 provides that the amount of the reimbursement of storage costs referred to in Article 8 of Regulation (EEC) No 1785/81 is to be converted into national currency using a specific agricultural conversion rate equal to the average, calculated pro rata temporis, of the agricultural conver- sion rates applicable during the month of storage; whereas that specific rate must be fixed each month for the previous month; Whereas application of these provisions will lead to the fixing, for April 1998, of the specific agricultural conver- sion rate for the amount of the reimbursement of storage costs in the various national currencies as indicated in the Annex to this Regulation, HAS ADOPTED THIS REGULATION: Article 1 The specific agricultural conversion rate to be used to convert the amount of the reimbursement of storage costs referred to in Article 8 of Regulation (EEC) No 1785/81 into each of the national currencies for April 1998 shall be as indicated in the Annex hereto. Article 2 This Regulation shall enter into force on 5 May 1998. It shall apply with effect from 1 April 1998. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 4 May 1998. For the Commission Franz FISCHLER Member of the Commission (1) OJ L 177, 1. 7. 1981, p. 4. (2) OJ L 206, 16. 8. 1996, p. 43. (3) OJ L 387, 31. 12. 1992, p. 1. (4) OJ L 22, 31. 1. 1995, p. 1. (5) OJ L 159, 1. 7. 1993, p. 94. (6) OJ L 14, 17. 1. 1997, p. 25. L 131/6 EN Official Journal of the European Communities 5. 5. 98 to the Commission Regulation of 4 May 1998 fixing, for April 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector ANNEX Agricultural conversion rates ECU 1 = 40,9321 7,56159 1,98381 349,703 168,313 6,68769 0,796521 1 973,93 2,23573 13,9570 203,155 6,02811 8,79309 0,695735 Belgian and Luxembourg francs Danish kroner German marks Greek drachmas Spanish pesetas French francs Irish pound Italian lire Dutch guilders Austrian schillings Portuguese escudos Finnish marks Swedish kroner Pound sterling