31984R2515

1 . 9 . 84 No L 234/33 Official Journal of the European Communities

COMMISSION REGULATION (EEC) No 2515 /84 of 31 August 1984 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN last amended by Regulation (EEC) No 211 8/84 (5), COMMUNITIES, minus the cost of ginning ;

Having regard to the Treaty establishing the European Whereas the above values are established on the basis Economic Community, of the prices determined in accordance with Articles 2 and 3 of Commission Regulation (EEC) No 2183/81 ; Having regard to the Act of Accession of Greece, and whereas the world market price is determined on the in particular paragraphs 3 and 10 of Protocol 4 thereto, basis of the most favourable offers and quotations recorded, excluding offers and quotations which Having regard to Council Regulation (EEC) No cannot be regarded as representative of the real market 2169/81 of 27 July 1981 laying down the general rules trend ; whereas, with regard to cotton seed, account for the system of aid for cotton ('), as last amended by must be taken of the offers and quotations recorded on Regulation (EEC) No 1462/84 (2), and in particular the principal markets in Greece ; Article 5 ( 1 ) thereof, Whereas the necessary adjustments must be made in Having regard to the opinion of the Monetary cases where the offers and quotations recorded do not Committee, satisfy the requirements indicated above ;

Whereas, under Article 5 of Regulation (EEC) No Whereas, under Article 4 (4) of Regulation (EEC) No 2169/81 , aid must be granted for unginned cotton 2169/81 , if there are no suitable offers or quotations harvested in the Community when the world market for determining the world market price for cotton price for unginned cotton is below the guide price ; seed, this price is to be established on the basis of the value of the products obtained from the processing of Whereas the aid is equal to the difference between those seeds, less the cost of crushing ; whereas this these two prices ; value is determined in accordance with Article 4 of Regulation (EEC) No 2183/81 ; Whereas the guide price for the 1984/85 marketing year was fixed by Council Regulation (EEC) No Whereas, if the subsidy system is to operate normally, 1 109/84 of 31 March 1984 (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, multiplied by the coefficient Community harvest in cotton seed and in ginned provided for in Article 2b (2) of Regulation (EEC) cotton and also the net cost of ginning ; No 974/71 , as last amended by Regulation (EEC) No 855/84, Whereas the world market price for ginned cotton and — for other currencies, an exchange rate based on the cotton seed is determined in accordance with Article 4 arithmetic mean of the spot market rates of each of of Regulation (EEC) No 2169/81 ; these currencies recorded over a given period in relation to the Community currencies referred to Whereas, if the world market price for unginned in the previous indent, and the aforesaid coeffi­ cotton cannot be determined as described above, this cient ; price shall be established on the basis of the most recent price determined ; Whereas the aid must be fixed once a ,month, and in such a way that it can be applied from the first day of Whereas the world market price for unginned cotton the month following the date of fixing ; whereas it is equal to the sum of the values for ginned cotton and may be altered between fixings ; cotton seed defined in Article 1 of Commission Regu­ lation (EEC) No 2183/81 of 30 July 1981 laying down Whereas it follows from applying these provisions to rules implementing the system of aid for cotton (4), as the offers and quotations known to the Commission that the aid for cotton should be as set out in this (') OJ No L 211 , 31 . 7. 1981 , p. 2. Regulation, 0 OJ No L 142, 29. 5. 1984, p. 1 . (3) OJ No L 113, 28 . 4. 1984, p. 19. (4) OJ No L 211 , 31 . 7 . 1981 , p. 35 . O OJ No L 195, 25. 7. 1984, p. 30 .

No L 234/34 Official Journal of the European Communities 1 . 9 . 84

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 32,563 ECU This Regulation shall enter into force on 1 September 1984 . per 100 kilograms.

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

Done at Brussels, 31 August 1984.

For the Commission Poul DALSAGER Member of the Commission