Commission Regulation (EC) No 1884/98 of 2 September 1998 fixing, for August 1998, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the sugar sector
L 244/8 EN Official Journal of the European Communities 3. 9. 98 COMMISSION REGULATION (EC) No 1884/98 of 2 September 1998 fixing, for August 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 1148/98 (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 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; for August 1998, of Whereas application of these provisions will lead to the fixing, the specific agricultural conversion rate for the amount of the reimbursement of storage costs in the various national currencies as indi- cated 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 August 1998 shall be as indicated in the Annex hereto. Article 2 This Regulation shall enter into force on 3 September 1998. It shall apply with effect from 1 August 1998. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 2 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. 3. 9. 98 EN Official Journal of the European Communities L 244/9 ANNEX to the Commission Regulation of 2 September 1998 fixing, for August 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 7,56225 1,98391 338,319 168,336 6,68769 0,796521 1 973,93 2,23593 13,9576 203,183 6,02811 8,79309 0,677353 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