Commission Regulation (EC) No 2395/97 of 2 December 1997 setting the maximum amounts of aid to compensate for appreciable revaluations of the pound sterling of 5 June and 21 August 1997

• CELEX: Regulation (EC) No 2395/97
• Articles: 3

Article 1

The maximum principal amount of the first instalment of compensatory aid for the United Kingdom pursuant to Article 1 (2) of Regulation (EC) No 805/97 shall be:

- ECU 133 140 000 for the appreciable revaluation that occurred on 5 June 1997,

- ECU 155 420 000 for the appreciable revaluation that occurred on 21 August 1997.

Article 2

1. The amounts fixed in this 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 whose maximum amounts are fixed by this Regulation, the period referred to in Article 3 (1) of Regulation (EC) No 805/97 shall end on 31 August 1997 at the latest.

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, 2 December 1997.

For the Commission

Franz FISCHLER

Member of the Commission

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

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