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Regulation 3 ECU conversions

Original text. Later amendments are not shown.

(1)

In these Regulations “ECU” means European CurrencyUnit.

(2)

Any amount expressed in these Regulations as a number ofECUs shall be converted to sterling at the official rate.

(3)

For 1995 the official rate is the average of the publishedrates of conversion for the preceding three years.

(4)

For each subsequent year it is the rate published in thepreceding year.