ext/celex/31992R3387

26. 11 . 92 Official Journal of the European Communities No L 344/27

COMMISSION REGULATION (EEC) No 3387/92 of 25 November 1992 fixing the correcting factor and the coefficient reducing agricultural prices provided for in Article 6 of Council Regulation (EEC) No 1677/85 on monetary compensatory amounts in agriculture

THE COMMISSION OF THE EUROPEAN COMMUNITIES, HAS ADOPTED THIS REGULATION : Having regard to the Treaty establishing the European Economic Community, Article 1 Having regard to Council Regulation (EEC) No 1677/85 of 11 June 1985 on monetary compensatory amounts in The correcting factor provided for in Article 6 ( 1 ) of agriculture ('), as last amended by Regulation (EEC) Regulation (EEC) No 1677/85 is hereby fixed at 1,195066. No 2205/90 (2), and in particular Articles 6 ( 1 ) and 12 thereof, Article 2 Whereas, as a result of the monetary realigment of 22 November 1992, the correcting factor provided for in The coefficient provided for in Article 5 of Regulation Article 6 (1 ) of Regulation (EEC) No 1677/85 must be (EEC) No 3578/88 is hereby fixed at : altered ; — 1,007954 for the prices and amounts to which the Whereas the coefficient reducing agricultural prices coefficient 1,002650 applies in 1992, provided for in Article 6 (4) of Regulation (EEC) No 1677/85 must be fixed in accordance with Article 5 — 1,010561 for the other prices and amounts concerned. (2) of Commission Regulation (EEC) No 3578/88 of 17 November 1988 laying down detailed rules for the application of the system for the automatic dismantle ­ Article 3 ment of negative monetary compensatory amounts (3), as last amended by Regulation (EEC) No 3137/91 (4); Regulation (EEC) No 2735/92 is hereby repealed. Whereas the correcting factor and the coefficient reducing agricultural prices were fixed by Commission Article 4 Regulation (EEC) No 2735/92 0 ; Whereas the measures provided for in this Regulation are This Regulation shall enter into force on the day of its in accordance with the opinion of the relevant manage ­ publication in the Official Journal of the European ment committees, Communities.

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

Done at Brussels, 25 November 1992.

For the Commission Ray MAC SHARRY Member of the Commission

(') OJ No L 164, 24. 6. 1985, p. 6. 0 OJ No L 201 , 31 . 7. 1990, p. 9. 0 OJ No L 312, 18 . 11 . 1988, p. 16. 0 OJ No L 297, 29. 10. 1991 , p. 17. (4 OJ No L 277, 22. 9. 1992, p. 18.