31982R0466

No L 56/38 Official Journal of the European Communities 27. 2. 82

COMMISSION REGULATION (EEC) No 466/82

of 26 February 1982

fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN quotations which cannot be regarded as representative COMMUNITIES, of the real market trend ;

Whereas for the 1981 /82 marketing year the offers and Having regard to the Treaty establishing the European Economic Community, quotations are increased by those customs duties applied in Greece when importing from other Member States ; Having regard to the Act of Accession of Greece, and in particular paragraphs 3 and 10 of Protocol 4 thereto, Whereas the necessary adjustments must be made in cases where the offers ana quotations recorded do not Having regard to Council Regulation (EEC) No satisfy the requirements indicated above ; 2169/81 of 27 July 1981 laying down the general rules for the system of aid for cotton ('), and in particular Whereas, under Article 4 (4) of Regulation (EEC) No Article 5 ( 1 ) thereof, 2169/81 , if there are no suitable offers or quotations for determining the world market price for cotton Having regard to the opinion of the Monetary seed, this price is to be established on the basis of the Committee, value of the products obtained from the processing of those seeds, less the cost of crushing ; whereas this value is determined in accordance with Article 4 of Whereas, under Article 5 of Regulation (EEC) No 2169/81 , aid must be granted for unginned cotton Regulation (EEC) No 2183/81 ; harvested in the Community when the world market Whereas, if the subsidy system is to operate normally, price for unginned cotton is below the guide price ; subsidies should be calculated on the following basis : Whereas the aid is equal to the difference between — in the case of currencies which are maintained in these two prices ; relation to each other at any given moment within a band of 2-25 % , a rate of exchange based on Whereas the guide price for the 1981 /82 marketing their central rate, year was fixed by Regulation (EEC) No 2168/81 (2); — for other currencies, an exchange rate based on the arithmetic mean of the spot market rates of each of Whereas the world market price for unginned cotton these currencies recorded for a given period in is determined periodically on the basis of the world relation to the Community currencies referred to market prices recorded for ginned cotton and cotton in the previous indent ; seed, taking into account the estimated yield of the Community harvest in cotton seed and in ginned Whereas the aid must be fixed once a month, and in cotton and also the net cost of ginning ; such a way that it can be applied from the first day of the month following the date of fixing ; whereas it Whereas the world market price for ginned cotton and may be altered between fixings ; cotton seed is determined in accordance with Article 4 Whereas it follows from applying these provisions to of Regulation (EEC) No 2169/81 ; the offers and quotations known to the Commission that the aid for cotton should be as set out in this Whereas, if the world market price for unginned cotton cannot be determined as described above, this Regulation, price shall be established on the basis of the most recent price determined ; HAS ADOPTED THIS REGULATION : Whereas the above values are established on the basis of the prices determined in accordance with Articles 2, Article 1 3 and 4 of Commission Regulation (EEC) No 2183/81 of 30 July 1981 laying down rules implementing the The aid for unginned cotton referred to in Article 5 of system of aid for cotton (3) ; whereas the world market Regulation (EEC) No 2169/81 shall be 31-350 ECU price is determined on the basis of the most favourable per 100 kilograms. offers and quotations recorded, excluding offers and Article 2 (') OJ No L 211 , 31 . 7. 1981 , p. 2. 0 OJ No L 211 , 31 . 7. 1981 , p. 1 . This Regulation shall enter into force on 1 March (3 OJ No L 211 , 31 . 7. 1971 , p. 35. 1982 .

27. 2. 82 Official Journal of the European Communities No L 56 39

This Regulation shall be binding in its entirety and directly applicable in all Member States .

Done at Brussels, 26 February 1982. For the Commission Poul DALSAGER Member of the Commission