Official Journal of the European Communities No L 251 28. 1. 89 (Actk whose publication is obligatory) . COUNCIL REGULATION (EEC) No 194/89 of 24 January 1989 S amending Regulation (EEC) No 1678/85 fixing the conversion rates to be applied in agriculture THE COUNCIL Oli THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, 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 applied for the purposes of the common agricultural policy (), as last amended by Regulation (EEC) No 1636/87 (3), and in particular Article 2 (3) thereof, Having regard to the proposal from the Commission, Having regard to the opinion of the Monetary Committee, Whereas the represehtatlve rates now applicable were fixed by Regulation (EEC) No 1678/85 (°), as last amended by Regulation (EEC) No 116/89 (‘), . Whereas new agricultural conversion rates, corresponding more closely to present economic conditions, are required ; . Whereas the. rates must be adapted with due regard to the impact of such changes, particularly on prices, and to the present situation in the sectory and the Member States concerned, HAS ADOPTED THIS REGULATION : Article 1 The Annexes to Regulation (EEC) No 1678/85 are hereby replaced by the Annexes hereto." Article 2 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. This. Regulation shall be binding in its entirety and directly applicable in all Member ' States. Done at Brussels, 24 January 1989. () OJ No L 164, 24, 6. 1985, p. 1. () OJ No L 153, 13. 6. 1987, p. 1. () OJ No L 164, 24. 6. 1985, p. 11. () OJ No L 16, 20. 1. 1989, p. 8. For the Council The Pre.rident' C. ROMERO HERRERA