Commission Regulation (EC) No 1892/97 of 29 September 1997 setting the agricultural conversion rates applicable to certain aid in Sweden and in the United Kingdom and the resulting maximum amounts of compensatory aid

• CELEX: Regulation (EC) No 1892/97
• Articles: 3

Article 1

The agricultural conversion rate of ECU 1= £ 0,833821, applicable on 31 July 1997 to the aids referred to in Article 7 of Regulation (EEC) No 3813/92 for which the operative event occurs on 1 August, shall be replaced from 1 August 1997 in respect of the aids concerned by ECU 1= £ 0,803724.

The agricultural conversion rate of ECU 1= Skr 9,91834, applicable on 31 July 1997 to the aids referred to in Article 7 of Regulation (EEC) No 3813/92 for which the operative event occurs on 1 August, shall be replaced from 1 August 1997 in respect of the aids concerned by ECU 1= Skr 9,90747.

Article 2

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 '0` for Sweden and ECU 0,51 million for the United Kingdom.

Article 3

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, 29 September 1997.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ L 108, 25. 4. 1997, p. 9.

(2) OJ L 312, 23. 12. 1995, p. 7.

(3) OJ L 187, 26. 7. 1996, p. 1.

(4) OJ L 387, 31. 12. 1992, p. 1.

(5) OJ L 22, 31. 1. 1995, p. 1.

(6) OJ L 115, 3. 5. 1997, p. 13.