Commission Regulation (EC) No 2045/98 of 25 September 1998 correcting Regulation (EC) No 777/98 fixing, for March 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector
L 263/20 EN Official Journal of the European Communities 26. 9. 98 COMMISSION REGULATION (EC) No 2045/98 of 25 September 1998 correcting Regulation (EC) No 777/98 fixing, for March 1998, the specific agricul- tural 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, Whereas Commission Regulation (EC) No 777/98 (7) fixes the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector for March 1998; Having regard to Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organisation of the last amended by markets Commission Regulation (EC) No 1148/98 (2), in the sugar sector (1), as 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 June 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; agricultural conversion rates Whereas it has been found that there is an error in the special the Greek drachma, the Portuguese escudo and the Spanish peseta listed in the Annex to that Regulation; whereas the Regu- lation in question should therefore be corrected; for Whereas application of these provisions will lead to the fixing, for March 1998, of the specific agricultural conver- sion rate for the amount of the reimbursement of storage costs for the various national currencies as indicated in the Annex to this Regulation, HAS ADOPTED THIS REGULATION: Article 1 The Annex to Regulation (EC) No 777/98 is hereby replaced by the Annex to this Regulation. Article 2 This Regulation shall enter into force on 26 September 1998. It shall apply with effect from 1 March 1998. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 25 September 1998. For the Commission Franz FISCHLER Member of the Commission (1) OJ L 177, 1. 7. 1981, p. 4. (2) OJ L 159, 3. 6. 1998, p. 38. (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. (7) OJ L 111, 9. 4. 1998, p. 70. 26. 9. 98 EN Official Journal of the European Communities L 263/21 ANNEX ‘ANNEX to the Commission Regulation of 8 April 1998 fixing, for March 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector Agricultural conversion rates ECU 1 = 40,9321 7,54999 1,98243 326,917 167,557 6,68769 0,795837 1 973,93 2,23276 13,9485 202,325 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'