The agricultural conversion rate of 1 ecu = 0,833821 pounds sterling, applicable on 30 June 1997 to the aids referred to in Article 7 of Regulation (EEC) No 3813/92 for which the operative event occurs on 1 July, shall be replaced from 1 July 1997 in respect of the aids concerned by 1 ecu = 0,803724 pounds sterling.
The agricultural conversion rate of 1 ecu = 9,91834 Swedish krona, applicable on 30 June 1997 to the aids referred to in Article 7 of Regulation (EEC) No 3813/92 for which the operative event occurs on 1 July, shall be replaced from 1 July 1997 in respect of the aids concerned by 1 ecu = 9,90747 Swedish krona.
The maximum supplementary amount of the first tranche of compensatory aid that may be granted as a result of the reduction in the agricultural conversion rate referred to in Article 1 shall be zero for Sweden and ECU 66,70 million for the United Kingdom.
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, 28 July 1997.
For the Commission
Franz FISCHLER
Member of the Commission
(1) OJ No L 108, 25. 4. 1997, p. 9.
(2) OJ No L 312, 23. 12. 1995, p. 7.
(3) OJ No L 187, 26. 7. 1996, p. 1.
(4) OJ No L 387, 31. 12. 1992, p. 1.
(5) OJ No L 22, 31. 1. 1995, p. 1.
(6) OJ No L 115, 3. 5. 1997, p. 13.
