31980R3121

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( 1 ) OJ NO L 54 , 5 . 3 . 1979 , P . 1 .

( 2 ) OJ NO L 305 , 14 . 11 . 1980 , P . 1 .

( 3 ) OJ NO 106 , 30 . 10 . 1962 , P . 2553/62 .

( 4 ) OJ NO L 263 , 19 . 9 . 1973 , P . 1 .

( 5 ) OJ NO L 157 , 18 . 6 . 1976 , P . 20 .

( 6 ) OJ NO L 324 , 29 . 11 . 1980 , P . 63 .

COMMISSION REGULATION ( EEC ) NO 3121/80

OF 2 DECEMBER 1980

ALTERING THE SPECIAL RATE FOR CONVERTING THE FREE-AT-FRONTIER REFERENCE PRICES OF IMPORTED LIQUEUR WINES INTO POUNDS STERLING

THE COMMISSION OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,

HAVING REGARD TO COUNCIL REGULATION ( EEC ) NO 337/79 OF 5 FEBRUARY 1979 ON THE COMMON ORGANIZATION OF THE MARKET IN WINE ( 1 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 2930/80 ( 2 ),

HAVING REGARD TO COUNCIL REGULATION NO 129 ON THE VALUE OF THE UNIT OF ACCOUNT AND THE EXCHANGE RATES TO BE APPLIED FOR THE PURPOSES OF THE COMMON AGRICULTURAL POLICY ( 3 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 2543/73 ( 4 ), AND IN PARTICULAR ARTICLE 3 THEREOF ,

HAVING REGARD TO COMMISSION REGULATION ( EEC ) NO 1393/76 OF 17 JUNE 1976 LAYING DOWN DETAILED RULES FOR THE IMPORTATION OF PRODUCTS IN THE WINE-GROWING SECTOR ORIGINATING IN CERTAIN THIRD COUNTRIES ( 5 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 3104/80 ( 6 ), AND IN PARTICULAR ARTICLE 1A ( 4 ) THEREOF ,

HAVING REGARD TO THE OPINION OF THE MONETARY COMMITTEE ,

WHEREAS , PURSUANT TO ARTICLE LA OF REGULATION ( EEC ) NO 1393/76 , SPECIAL RATES ARE USED TO CONVERT THE FREE-AT-FRONTIER REFERENCE PRICES FOR IMPORTED LIQUEUR WINES INTO NATIONAL CURRENCY ; WHEREAS THE SPECIAL RATES APPLICABLE AT PRESENT WERE FIXED TO TAKE EFFECT ON 1 JULY 1980 ;

WHEREAS ARTICLE 1A ( 3 ) ( C ) OF REGULATION ( EEC ) NO 1393/76 PROVIDES THAT THE SPECIAL RATE FOR A CURRENCY OTHER THAN THOSE MAINTAINED AT ANY GIVEN MOMENT WITHIN A MAXIMUM SPREAD OF 2.25 % IS TO BE REVISED WHEN , FOR A PERIOD OF 20 WORKING DAYS , ITS CONVERSION RATE MOVES AWAY BY AN AVERAGE OF NOT LESS THAN 10 % FROM THE SPECIAL RATE PREVIOUSLY FIXED FOR THE CURRENCY IN QUESTION ; WHEREAS THAT CONDITION HAS BEEN FULFILLED FOR THE POUND STERLING FOR THE PERIOD 5 NOVEMBER TO 2 DECEMBER 1980 ; WHEREAS APPLICATION OF THESE PROVISIONS MAKES IT NECESSARY TO ALTER THE SPECIAL RATE FOR THE POUND STERLING WITH EFFECT FROM 3 DECEMBER 1980 ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

THE SPECIAL RATE REFERRED TO IN ARTICLE 1A OF REGULATION ( EEC ) NO 1393/76 SHALL BE :

( A ) FOR THE BELGIAN FRANC AND THE LUXEMBOURG FRANC :

ONE BELGIAN FRANC/LUXEMBOURG FRANC À 0.0251321 ECU ;

( B ) FOR THE DANISH KRONE :

ONE DANISH KRONE À 0.129477 ECU ;

( C ) FOR THE GERMAN MARK :

ONE GERMAN MARK À 0.402888 ECU ;

( D ) FOR THE FRENCH FRANC :

ONE FRENCH FRANC À 0.171028 ECU ;

( E ) FOR THE POUND STERLING :

ONE POUND STERLING À 1.83172 ECU ;

( F ) FOR THE IRISH POUND :

ONE IRISH POUND À 1.49656 ECU ;

( G ) FOR THE ITALIAN LIRA :

100 ITALIAN LIRE À 0.0859941 ECU ;

( H ) FOR THE DUTCH GUILDER :

ONE DUTCH GUILDER À 0.364482 ECU .

ARTICLE 2

THIS REGULATION SHALL ENTER INTO FORCE ON 3 DECEMBER 1980 .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 2 DECEMBER 1980 .

FOR THE COMMISSION

FINN GUNDELACH

VICE-PRESIDENT