Commission Regulation (EC) No 806/97 of 2 May 1997 fixing the maximum amounts of compensatory aid relating to appreciable revaluations of the Irish pound, the pound sterling and the Italian lira occurring prior to 31 March 1997

• CELEX: Regulation (EC) No 806/97
• Articles: 5

Article 1

The principal amount of the first tranche of compensatory aid for Ireland pursuant to Article 1 (2) of Regulation (EC) No 805/97 shall not exceed:

- ECU 8,10 million for the appreciable revaluation that occurred on 8 November 1996, plus ECU 105,20 million for the appreciable revaluation that occurred on 11 January 1997,

- ECU 65,16 million for the appreciable revaluation that occurred on 29 March 1997.

Article 2

The principal amount of the first tranche of compensatory aid for the United Kingdom pursuant to Article 1 (2) of Regulation (EC) No 805/97 shall not exceed:

- ECU 161,08 million for the appreciable revaluation that occurred on 21 January 1997,

- ECU 160,20 million for the appreciable revaluation that occurred on 29 March 1997.

Article 3

The principal amount of the first tranche of compensatory aid for Italy pursuant to Article 1 (2) of Regulation (EC) No 805/97 shall not exceed ECU 247,32 million for the appreciable revaluation that occurred on 1 March 1997.

Article 4

1. The amounts fixed in the present Regulation are established without prejudice to the consequences of Article 4 (3) of Regulation (EC) No 724/97.

2. For the purposes of granting compensatory aid the maximum amounts of which are fixed in this Regulation, the period referred to in Article 3 (1) of Regulation (EC) No 805/97 shall end on 31 March 1997 at the latest.

Article 5

This Regulation shall enter into force on the seventh day following its publication in the Official Journal of the European Communities.

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

Done at Brussels, 2 May 1997.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ No L 108, 25. 4. 1997, p. 9.

(2) See page 13 of this Official Journal.