31982R2116

No L 223/40 Official Journal of the European Communities 31 . 7 . 82

COMMISSION REGULATION (EEC) No 2116/82 of 30 July 1982 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN system of aid for cotton (4), as amended by Regulation COMMUNITIES, (EEC) No 2066/82 (*) ; whereas the world market price is determined on the basis of the most favourable Having regard to the Treaty establishing the European offers and quotations recorded, excluding offers and Economic Community, quotations which cannot be regarded as representative of the real market trend ; Having regard to the Act of Accession of Greece, and in particular paragraphs 3 and 10 of Protocol 4 thereto, Whereas for the 1982/83 marketing year the offers and quotations are increased by those customs duties Having regard to Council Regulation (EEC) No applied in Greece when importing from other Member 2169/81 of 27 July 1981 laying down the general rules States ; for the system of aid for cotton ('), as amended by Regulation (EEC) No 1982/82 (2), and in particular Article 5 ( 1 ) thereof, Whereas the necessary adjustments must be made in cases where the offers and quotations recorded do not satisfy the requirements indicated above ; Having regard to the opinion of the Monetary Committee, Whereas, under Article 4 (4) of Regulation (EEC) No Whereas, under Article 5 of Regulation (EEC) No 2169/81 , if there are no suitable offers or quotations 2169/ 81 , aid must be granted for unginned cotton for -determining the world market price for cotton harvested in the Community when the world market seed, this price is to be established on the basis of the price for unginned cotton is below the guide price ; 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 the aid is equal to the difference between these two prices ; Regulation (EEC) No 2183/81 ;

Whereas the guide price for the 1982/83 marketing Whereas, if the subsidy system is to operate normally, year was fixed by Regulation (EEC) No 1428 /82 (3) ; subsidies should be calculated on the following basis :

Whereas the world market price for unginned cotton — in the case of currencies which are maintained in is determined periodically on the basis of the world relation to each other at any given moment within market prices recorded for ginned cotton and cotton a band of 2-25 % , a rate of exchange based on seed, taking into account the estimated yield of the their central rate, Community harvest in cotton seed and in ginned cotton and also the net cost of ginning ; — for other currencies, an exchange rate based on the arithmetic mean of the spot market rates of each of these currencies recorded for a given period in Whereas the world market price for ginned cotton and cotton seed is determined in accordance with Article 4 relation to the Community currencies referred to in the previous indent ; of Regulation (EEC) No 2169/81 ;

Whereas, if the world market price for unginned Whereas the aid must be fixed once a month, and in cotton cannot be determined as described above, this such a way that it can be applied from the first day of price shall be established on the basis of the most the month following the date of fixing ; whereas it recent price determined ; may be altered between fixings ;

Whereas the above values are established on the basis Whereas it follows from applying these provisions to of the prices determined in accordance with Articles 2, the offers and quotations known to the Commission 3 and 4 of Commission Regulation (EEC) No 2183/81 that the aid for cotton should be as set out in this of 30 July 1981 laying down rules implementing the Regulation,

(') OJ No L 211 , 31 . 7. 1981 , p. 2. (2) OJ No L 215, 23 . 7. 1982, p. 5 . (4) OJ No L 211 , 31 . 7 . 1981 , p . 35. P) OJ No L 162, 12. 6 . 1982, p . 25 . O OJ No L 220, 29 . 7 . 1982, p . 22

31 . 7 . 82 Official Journal of the European Communities No L 223/41

HAS ADOPTED THIS REGULATION : Article 2

Article1¶

The aid for unginned cotton referred to in Article 5 of Regulation (EEC) No 2169/81 shall be 33-360 ECU This Regulation shall enter into force on 1 August per 100 kilograms. 1982.

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

Done at Brussels, 30 July 1982.

For the Commission Poul DALSAGER Member of the Commission