31985R2468

No L 234/40 Official Journal of the European Communities 31 . 8 . 85

COMMISSION REGULATION (EEC) No 2468/85 of 30 August 1985 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN last amended by Regulation (EEC) No 2428/85 (*), COMMUNITIES, minus the cost of ginning ;

Whereas the above values are established on the basis Having regard to the Treaty establishing the European 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 1976/85 (2), and in particular the principal markets in Greece ; Article 5 (1 ) thereof, Whereas the necessary adjustments must be made in cases where the offers and quotations recorded do not Having regard to the opinion of the Monetary Committee, satisfy the requirements indicated above ;

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 Whereas the aid is equal to the difference between value is determined in accordance with Article 4 of these two prices ; Regulation (EEC) No 2183/81 ; Whereas the guide price for the 1985/86 marketing Whereas, if the subsidy system is to operate normally, year was fixed by Council Regulation (EEC) No subsidies should be calculated on the following basis : 1500/85 of 23 May 1985 (3) ; — in the case of currencies which are maintained in Whereas the world market price for unginned cotton relation to each other at any given moment within is determined periodically on the basis of the world a band of 2,25 % , a rate of exchange based on market prices recorded for ginned cotton and cotton their central rate, multiplied by the coefficient seed, taking into account the estimated yield of the provided for in Article 2b (2) of Regulation (EEC) Community harvest in cotton seed and in ginned No 974/71 (*), as last amended by Regulation (EEC) cotton and also the net cost of ginning ; No 855/84 0, — for other currencies, an exchange rate based on the Whereas the world market price for ginned cotton and arithmetic mean of the spot market rates of each of cotton seed is determined in accordance with Article 4 these currencies recorded over a given period in of Regulation (EEC) No 2169/81 ; relation to the Community currencies referred to in the previous indent, and the aforesaid coeffi­ Whereas, if the world market price for unginned cient ; cotton cannot be determined as described above, this price shall be established on the basis of the most Whereas the aid must be fixed once a month, and in recent price determined ; 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 unginned cotton may be altered between - fixings ; is equal to the sum of the values for ginned cotton and cotton seed defined in Article 1 of Commission Regu­ Whereas it follows from applying these provisions to lation (EEC) No 2183/81 of 30 July 1981 laying down the offers and quotations known to the Commission that the aid for cotton should be as set out in this rules implementing the system of aid for cotton (4), as Regulation,

(') OJ No L 211 , 31 . 7. 1981 , p. 2. (2) OJ No L 186, 19 . 7. 1985, p. 1 . 0 OJ No L 230, 29 . 8 . 1985, p. 12. (3) OJ No L 151 , 10 . 6. 1985, p. 25. (j OJ No L 106, 12. 5. 1971 , p. 1 . (4) OJ No L 211 , 31 . 7. 1981 , p. 35. O OJ No L 90, 1 . 4. 1984, p. 1 .

31 . 8 . 85 No L 234/41 Official Journal of the European Communities

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 55,833 ECU This Regulation shall enter into force on 1 September 1985 . per 100 kilograms.

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

Done at Brussels, 30 August 1985.

For the Commission Frans ANDRIESSEN Vice-President