Commission Regulation (EC) No 1567/98 of 20 July 1998 fixing, for the 1997/98 marketing year, the specific agricultural conversion rate applicable to the minimum sugarbeet prices and the production levy and additional levy in the sugar sector
L 203/12 EN Official Journal of the European Communities 21. 7. 98 COMMISSION REGULATION (EC) No 1567/98 of 20 July 1998 fixing, for the 1997/98 marketing year, the specific agricultural conversion rate applicable to the minimum sugarbeet prices and the production levy and addi- tional levy in the sugar sector THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, 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 (1), as last amended by Regulation (EC) No 59/97 (2), and in particular Article 1 (3) thereof, Whereas Article 1 (1) of Regulation (EEC) No 1713/93 specifies that the minimum sugarbeet prices referred to in Article 5 of Council Regulation (EEC) No 1785/81 of 30 June 1981 on the common organization of the market in the sugar sector (3), as last amended by Regulation (EC) No 1148/98 (4), and the production levy and additional levy referred to, respectively, in Articles 28 and 28a of that Regulation shall be converted into national currency using a specific agricultural conversion rate equal to the average, calculated pro rata temporis, of the agricultural conversion rates applicable during the marketing year in question; whereas that specific agricultural conversion rate must be fixed during the month following the end of the marketing year in question; conversion rate Whereas the application of these provisions results in the fixing, for the 1997/98 marketing year, of the specific agricultural conversion of minimum sugarbeet prices as well as the production levy and, where appropriate, additional levy into the various national currencies, as set out in the Annex to this Regu- lation, the for HAS ADOPTED THIS REGULATION: Article 1 The specific agricultural conversion rate to be used for conversion of the minimum sugarbeet prices referred to in Article 5 of Regulation (EEC) No 1785/81 and the production levy and, where appropriate, additional levy referred to, respectively, in Articles 28 and 28a of that Regulation, into each of the national currencies, shall be fixed, for the 1997/98 marketing year, as set out in the Annex hereto. Article 2 This Regulation shall enter into force on 21 July 1998. It shall apply from 1 July 1997. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 20 July 1998. For the Commission Franz FISCHLER Member of the Commission (1) OJ L 159, 1. 7. 1993, p. 94. (2) OJ L 14, 17. 1. 1997, p. 25. (3) OJ L 177, 1. 7. 1981, p. 4. (4) OJ L 159, 3. 6. 1998, p. 38. 21. 7. 98 EN Official Journal of the European Communities L 203/13 ANNEX to the Commission Regulation of 20 July 1998 fixing, for the 1997/1998 marketing year, the specific agricultural conversion rate applicable to the minimum sugarbeet prices and the production levies and the additional levy in the sugar sector Agricultural conversion rates ECU 1 = 40,9112 7,55003 1,98185 322,674 167,415 6,68473 0,775692 1 973,93 2,23232 13,9442 201,304 6,02811 8,77482 0,696270 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