31991R2795

No L 269/22 Official Journal of the European Communities 25 . 9 . 91

COMMISSION REGULATION (EEC) No 2795/91 of 24 September 1991 fixing the aid for soya beans

THE COMMISSION OF THE EUROPEAN COMMUNITIES, on which the application was lodged by the corrective amount and the difference between the target prices mentioned in Article 33 of Commission Regulation (EEC) Having regard to the Treaty establishing the European No 2537/89 of 8 August 1989 laying down detailed rules Economic Community, for the application of the special measure for soya beans (*), as last amended by Regulation (EEC) No 2692/910 ; Having regard to the Act of Accession of Spain and Portugal,

Whereas, pursuant to Regulation (EEC) No 2537/89, the world market price is to be fixed per 100 kilograms and Having regard to Council Regulation (EEC) No 1491 /85 calculated on the basis of the most favourable offers and of 23 May 1985 laying down special measures in respect quotations for delivery within 30 days following the date of soya beans ('), as last amended by Regulation (EEC) No when the said offers and quotations were recorded ; 1724/91 (2), and in particular Article 2 (7) thereof,

Having regard to the opinion of the Monetary Committee, Whereas, where the offers and quotations do not comply with the said conditions, the necessary adjustments must be carried out, particularly those referred to in Article 40 Whereas, pursuant to Article 2 ( 1 ) of Regulation (EEC) No of Regulation (EEC) No 2537/89 ; 1491 /85, aid is to be granted for soya beans harvested within the Community where the guide price for a marketing year exceeds the world price ; whereas the said Whereas, owing to the lack of the adjustment in the rate aid is to be equal to the difference between those two of aid for soya seed resulting from the maximum guaran­ prices ; teed quantity arrangements for the 1991 /92 marketing year, the rate of the aid for this marketing year has only been able to be calculated provisionally on the basis of Whereas the guide price for soya beans was fixed for the the abatement for the 1990/91 marketing year ; whereas 1991 /92 marketing year by Council Regulation (EEC) No this amount should therefore only be applied provisio­ 1726/91 (3) ; nally and should be confirmed or replaced once the consequences of the maximum guaranteed quantity arran­ gements are known ; Whereas, pursuant to Council Regulation (EEC) No 2194/85 of 25 July 1985 adopting general rules con­ cerning special measures for soya beans (4) as last amended by Regulation (EEC) No 1725/91 (*), the world Whereas, if the said system is to operate normally, aid price for soya beans is to be determined on the basis of should be calculated on the following basis : the most favourable actual purchasing possibility, with the exception of offers and prices which may not be con­ sidered as representative of the actual market trend ; — in the case of currencies which are maintained in rela­ whereas account is to be taken of offers made on the tion to each other at any given moment within a band world market as well as the prices quoted on exchanges of 2,25 %, a rate of exchange based on their central which are important in terms of international trade ; rate, multiplied by the corrective factor provided for in whereas, under that Regulation, where the subsidy to be the last paragraph of Article 3 (1 ) of Council Regula­ granted is fixed in advance, the amount of such subsidy tion (EEC) No 1 676/85 (8) as last amended by Regula­ must be equal to the amount applicable on the day on tion (EEC) No 2205/90 (») which the application for advance fixing was lodged, adjusted by the difference between the target price valid — for the other currencies, an exchange rate based on an on that day and the target price valid on the identification average of the ecus rates published in the 'C' series of day ; whereas such adjustment should involve increasing the Official Journal of the European Communities or reducing the amount of subsidy applicable on the day over a period to be determined, multiplied by the factor referred to in the preceding indent ;

(') OJ No L 151 , 10. 6. 1985, p. 15. 0 OJ No L 162, 26. 6. 1991 , p. 35. (6) OJ No L 245, 22. 8 . 1989, p. 8 . 3) OJ No L 162, 26. 6. 1991 , p. 39. 0 OJ No L 255, 12. 9. 1991 , p. 12. (4) OJ No L 204, 2. 8 . 1985, p. 1 . (8) OJ No L 164, 24. 6. 1985, p. 1 . 0 OJ No L 162, 26. 6. 1991 , p. 37. 0 OJ No L 201 , 31 . 7. 1990, p. 9.

25. 9. 91 Official Journal of the European Communities No L 269/23

Whereas the aid shall be fixed as often as the market situ­ 2. However, the amount of the aid for the 1991 /92 ation so requires and so that it can be applied at least marketing year for soya seed shall be confirmed or twice a month, one of which times shall be from the first replaced with effect from 25 September 1991 to take day of each month ; account of the consequences of the maximum guaranteed quantity arrangements for the 1991 /92 marketing year. Whereas it follows from applying these provisions to the offers and quotations known to the Commission that the subsidy on soya beans should be as set out in this Regula­ tion,

HAS ADOPTED THIS REGULATION : Article 2 Article 1 1 . The amount of the aid provided for in Article 2 of Regulation (EEC) No 1491 /85 shall be as set out in the This Regulation shall enter into force on 25 September Annex hereto . 1991 .

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

Done at Brussels, 24 September 1991 .

For the Commission Ray MAC SHARRY Member of the Commission

ANNEX

to the Commission Regulation of 24 September 1991 fixing the aid for soya beans (ECU/100 kg) Current First Second Third Fourth Fifth period period period period period period 9 (') 10 (') 11 (1 ) 12 (') 1 (') 2 0 F------ Seed harvested : — another Member State 20,214 20,322 20,196 20,197 19,808 19,780

(') Amount fixed provisionally, pending and subject to the application of the maximum guaranteed quantity arrangements for the 1991 /92 marketing year, conforming to the adjustment resulting from the maximum guaranteed quantity arrangements applied for the 1990/91 marketing year for Member States other than Spain.