Products of Animal Origin (Import and Export) Regulations (Northern Ireland) 1998

European Currency Unit

30.—(1) In Schedule 5 (Charges relating to imports of certain categories of meat), Schedule 6 (Charges relating to imports of certain categories of fishery products) and Schedule 7 (Charges relating to imports from specified countries) the term “ECU” means European Currency Unit, and any reference in that Schedule to a specified number of ECU shall be taken as a reference to the sterling equivalent of that number of ECU, converted in accordance with paragraph (2).

(2) The sterling equivalent of any amount expressed in Schedules 5, 6 and 7 as a number of ECU shall be calculated as follows—

(a) from 1st January 1998 to 31st December 1998, the rate shall be ECU 1 = £00·774947(1); and

(b) from 1st January 1999, the rate for each subsequent year to 31st December shall be that which is normally published annually on the first working day of the preceding September in the C series of the Official Journal of the European Communities.

(1)

Under Article 7 of Council Directive 85/73/EEC (as amended and consolidated by Council Directive 96/43/EEC (O.J. No. L162, 1.7.96, p. 1), for the year 1998 the rate of conversion into national currencies of the ECU is the average of the conversion rates published on the first working day of September in the C series of the Official Journal of the European Communities for the preceding three years. This is the rate for sterling calculated in that way.