3. 4. 87 Official Journal of the European Communities No L 91/11 COMMISSION REGULATION (EEC) No 966/87 " of 2 April 1987 altering the monetary compensatory amounts in the beef and and veal sector and amending Regulation (EEC) No 3153/85 THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 1677/85 of 11 June 1985 on monetary compensatory amounts in agriculture ('), as last amended by Regulation (EEC) No 90/87 (3, and in particular Articles 9 (2) and 12 thereof, Whereas Commission Regulation (EEC) No 119/87 (), as last amended by Regulation (EEC) No 721/87 (¥), fixes the monetary compensatory amounts introduced by Regula- tion (EEC) No 1677/85; Whereas Council Regulation (EEC) No 1678/85 (%), as last amended by Regulation (EEC) No 409/87 (%), fixes the conversion rates to be applied in agriculture ; Whereas, following the adoption of Council Regulation (EEC) No 653/87 (), which applies to Spain the common prices in the beef and veal sector, the monetary compen- satory amounts for Spain should be adjusted ; Whereas, pursuant in particular to Commission Regula- tion (EEC) No 827/87 (*), a new intervention system based on an intervention price of 344 ECU per 100 kg for R3 carcases of male animals was introduced with effect from 6 April 1987 ; whereas the method used for calculating monetary compensatory amounts in the beef and veal sector should therefore be adjusted; Whereas Commission Regulation (EEC) No 3153/85 (%) lays down the detailed rules for the calculation of the monetary compensatory amounts ; whereas, in the light of the change in the intervention system, the wording of Atticle 4 (3) (b) of Regulation (EEC) No 3153/85 should also be amended; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Beef and Veal, HAS ADOPTED THIS REGULATION : Article 1 Part 3 of Annex I to Regulation (EEC) No 119/87 is hereby replaced by that set out in the Annex to this Regulation. Article 2 Article 4 (3) (b) of Regulation (EEC) No 3153/85 is hereby replaced by the following : ‘(b) in the beef and veal sector, the monetary compen- satory amount shall be calculated on the basis of the intervention price for R3 carcases of male animals in the Member State concerned, less 15 %, Article 3 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. ' It shall apply from 6 April 1987, save where : — the monetary compensatory amounts are altered in the light of changes in the exchange rates referred to in Article 5 (2) (b) of Regulation (EEC) No 1677/8S, — a decision by the Council regarding prices. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 2 April 1987. (y OJ No L 164, 24. 6. 1985, p. 6. () OJ No L 13, 15. 1. 1987, p. 12. () OJ No L 16, 17. 1. 1987, p. 1. 9 O] No L 74, 16. 3. 1987, p. 1. 8 OJ No L 164, 24. 6. 1985, p. 11. () OJ No L 44, 13. 2. 1987, p. 1. () OJ No L 63, 6. 3. 1987, p. 1. () OJ No L 80, 24. 3. 1987, p. 6. () OJ No L 310, 21. 11. 1985, p. 4. For the Commisston Frans ANDRIESSEN - Vice-President