21. 12. 88 Official Journal of the European Communities No L 351/11 COMMISSION REGULATlON (EEC) No 3969/88 of 20 December 1988 determlnnng the conditions for converting into national currencies aids, expressed in ECU, to encourage the set-asnde of arable land : THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 797/85 of 12 March 1985 on improving the efficiency of agricultural structures ('), as last amended by Regulation (EEC) No 1137/88 (3, and in particular Article 1a (7) thereof, Having regard to Council Regulation (EEC) No 1676/85 of 11 June 1985 on the value of the unit of account and the conversion rates to be apphed for the purposes of the common agricultural policy (}), as last amended by Regulation (EEC) No 1636/87 (4, and in particular Article 5 (3) thereof, Whereas Council Regulatidn (EEC) No 1678/85 (%), as last amended by Regulation (EEC) No 3765/88 (%), fixes the conversion rates to be applied in agriculture, Whereas Council Regt;lation (EEC) No 129/78 () fixed, in respect of the aids introduced by the acts relating to the common agricultural structures policy and indicated in. ECU, a choice of conversion rates to be used on condition that such aids are financed solely by the Guidance Section of the EAGGF; whereas, pursuant to Article 26 (1) of Regulation (EEC) No 797/85, the Commumtys financial contribution to the aids prov1ded for in Articles 1a and 26 (2) of the said Regulation is paid from both the Guarantee Section and the Guidance Section ; whereas to ensure that all the aids recognized as eligible during a calendar year have one and the same basis for calculation, provision should be made for a single operative event for the aids in question, and the agricultural conversion rates applicable for converting such aids, indicated in ECU, into national currencies should be specified ; : () OJ No L 93, 30. 3. 1985, p. 1. () OJ No L 108, 29. 4. 1988, p. 1. () OJ No L 164, 24. 6. 1985, p. 1. () O No L 153, 13. 6. 1987, p. 1. 9 OJ No L 164, 24. 6. 1985, p. 11. (9 OJ No L 330, 2. 12. 1988, p. 15. () OJ No L 20, 25. 1. 1978, p. 16. Whereas the rules for agricultural conversion used to this effect should be the same as those applied for converting structural aids financed by the Community into national currencies ; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Standing Committee on Agricultural Structure, HAS ADOPTED THIS REGULATION : Article 1 - The amounts referred to in Articles 1a and 26 (2) of Regulation (EEC) No 797/85 shall be converted into national currencies by reference to the agricultural conversion rates : — which are in force on 1 January for the year during which the decision to grant the aid is taken, and — which are used in the framework of the common policy on agricultural structures and which are set out in the Annexes to Regulation (EEC) No 1678/85 under the heading ‘Amounts not related to price fixing’ or, where that heading does not appear, under the heading ‘All other cases’. Where, in accordance with Community rules, payment of " the aid is spread over several years, if the agricultural conversion rate for a currency obtaining at the time of the ‘grant is subsequently devalued, the instalments shall be determined on the basis of the corresponding agricultural conversion rate in force on 1 January of the year during which the instalment of the aid is payable. Article 2 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply with effect from 1 August 1988.