No L 109/18 Official Journal of the European Communities 20. 4. 89 COMMISSION REGULATION (EEC) No 1019/89 of 19 April 1989 amending Regulation (EEC) No 2775/88 laying down detailed rules for the application of Article Sa of Council Regulation (EEC) No 729/70 THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 729/70 of - 21 April 1970 on the financing of the common agricultural . policy (*), as last amended by Regulation (EEC) No 2048/88 (3, and in particular Article 5a thereof, Whereas the reexamination of the existing situation in the Community as far as interest rates are concerned, shows a-growing evolution requiring an adjustment of the rate laid down by Commission Regulation (EEC) No 2775/88-); Whereas the measures provided for in this Regulation are in accordance -with the opinion of the European Agricultural Guidance and Guarantee Fund Committee, HAS ADOPTED THIS REGULATION: Article 1 Regulation (EEC) No 2775/88. is amended as follows : 1. In- Article 1 (1), ‘6,8 %’ is replaced by 7,7 %’; 2. In Article 2 (1), (0,068) is replaced by €0,077); 3. In Article 2 (2),°0,008736 is replaced by ‘0,009892’. Article 2 This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities. It shall apply to expenditures financed with effect from - the start of the fiscal year 1989. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 19 April 1989. ) OJ No-L 94, 28. 4. 1970, p. 13." %) O] No L 185, 15. 7. 1988, p. 1. () OJ No L 249, 8. 9. 1988, p. 8. For the Commission Ray MAC SHARRY Member of the Commission