31988R2711

No L 241 /58 Official Journal of the European Communities 1 . 9 . 88

COMMISSION REGULATION (EEC) No 2711 /88 of 31 August 1988 fixing the aid for soya beans

THE COMMISSION OF THE EUROPEAN COMMUNITIES, world market price is to be fixed per 100 kilograms and calculated on the basis of the most favourable offers and Having regard to the Treaty establishing the European quotations for delivery within 30 days following the date Economic Community, when the said offers and quotations were recorded ;

Having regard to the Act of Accession of Spain and Whereas, where the offers and quotations do not comply Portugal, with the said conditions, the necessary adjustments must be carried out, particularly those referred to in Article 2 of Having regard to Council Regulation (EEC) No 1491 /85 Regulation (EEC) No 2329/85 ; of 23 May 1985 laying down special measures in respect of soya beans ('), as last amended by Regulation (EEC) No 2217/88 (2), and in particular Article 2 (7) thereof, Whereas the estimated production of soya seed for the 1988/89 marketing year has not been fixed ; whereas the amount to be deducted where appropriate, from the Having regard to the opinion of the Monetary Committee, subsidy in compliance with the system of maximum guaranteed quantities referred to in Article 3a (3) of Regu­ Whereas, pursuant to Article 2 ( 1 ) of Regulation (EEC) No lation (EEC) No 1491 /85 and its effect on the amount of 1491 /85, aid is to be granted for soya beans harvested the aid could therefore not be determined ; whereas the within the Community where the guide price for a amounts of the aid should therefore only be applied on a marketing year exceeds the world price ; whereas the said temporary basis and should be confirmed or replaced aid is to be equal to the difference between those two once the effects of the system of maximum guaranteed prices ; quantities for soya seed are known ;

Whereas the guide price for soya beans for the 1988/ 1989 marketing year was fixed by Council Regulation (EEC) Whereas, if the said system is to operate normally, aid No 2219/88 (3) ; whereas pursuant to Articles 95 (2) and should be calculated on the following basis : 293 (2) of the Act of Accession of Spain and Portugal aid for soya beans harvested in these two Member States is to be introduced in accordance with the provisions of para­ — in the case of currencies which are maintained in rela­ graphs 2 and 3 of the said Articles from the beginning of tion to each other at any given moment within a band the 1986/87 marketing year ; of 2,25 % , a rate of exchange based on their central rate, multiplied by the corrective factor provided for in the last paragraph of Article 3 ( 1 ) of Council Regula­ Whereas, pursuant to Council Regulation (EEC) No tion (EEC) No 1676/85 ("), as last amended by Regula­ 2194/85 of 25 July 1985 adopting general rules concer­ tion (EEC) No 1636/87 (»); ning special measures for soya beans (4), as last amended by Regulation (EEC) No 2218/88 (*); the world price for — for other currencies, an exchange rate based on the soya beans is to be determined on the basis of the most arithmetic mean of the spot market rates of each of favourable actual purchasing possibility, with the excep­ these currencies recorded over a given period in rela­ tion of offers and prices which may not be considered as tion to the Community currencies referred to in the representative of the actual market trend ; whereas previous indent, and the aforesaid coefficient ; acccount is to be taken of offers made on the world market as well as the prices quoted on exchanges which are important in terms of international trade ; Whereas the aid shall be fixed as often as the market situ­ ation so requires and so that it can be applied at least Whereas, pursuant to Commission Regulation (EEC) No twice a month, one of which times shall be from the first 2329/85 of 12 August 1985 laying down detailed rules for day of each month ; the application of the special measures for soya beans (6), as last amended by Regulation (EEC) No 2674/88 P), the Whereas it follows from applying these provisions to the offers and quotations known to the Commission that the (') OJ No L 151 , 10 . 6. 1985, p. 15. 0 OJ No L 197, 26. 7. 1988 , p. 11 . subsidy on soya beans should be as set out in this Regula­ (3) OJ No L 197, 26. 7. 1988 , p. 14. tion , 0 OJ No L 204, 2. 8 . 1985, p. 1 . 0 OJ No L 197, 26. 7. 1988, p. 12. (<) OJ No L 218 , 15. 8 . 1985, p. . 16. (8) OJ No L 164, 24. 6. 1985, p. 1 . O OJ No L 239, 30 . 8 . 1988, p. 19 . O OJ No L 153, 13 . 6. 1987, p. 1 .

1 . 9 . 88 Official Journal of the European Communities No L 241 / 59

HAS ADOPTED THIS REGULATION : Article 2

Article1¶

The aid referred to in Article 2 of Regulation (EEC) No This Regulation shall enter into force on 1 September 1491 /85 is hereby fixed in the Annex hereto. 1988 .

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

Done at Brussels, 31 August 1988 .

For the Commission Frans ANDRIESSEN Vice-President

ANNEX t Aid for soya beans (')

(ECU/100 kg)

Seed harvested in -' another Member Spain Portugal State

Seed processed in : i — Spain 0,000 24,063 24,063 — Portugal 13,877 0,000 24,063 — another Member State 13,877 24,063 24,063

(') Subject to the reduction resulting from the maximum guaranteed quantities system .