31994R1935

30 . 7. 94 Official Journal of the European Communities No L 198/31

COMMISSION REGULATION (EC) No 1935/94 of 29 July 1994 fixing the aid for cotton

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas the world market price for unginned cotton is determined periodically on the basis of the world prices recorded for ginned cotton and cotton seed, talking into Having regard to the Treaty establishing the European account the estimated yield of the Community harvest in Community, cotton seed and in ginned cotton and also the net cost of ginning ;

Having regard to the Act of Accession of Greece, and in particular paragraphs 3 and 10 of Protocol 4 on cotton Whereas the world market price for ginned cotton and annexed thereto, as amended by Protocol 14 annexed to cotton seed is determined in accordance with Article 4 of the Act of Accession of Spain and Portugal, and Commis­ Regulation (EEC) No 2169/81 ; sion Regulation (EEC) No 4006/87 ('),

Whereas, if the world market price for unginned cotton Having regard to Council Regulation (EEC) No 2169/81 cannot be determined as described above, this price shall of 27 July 1981 laying down the general rules for the be established on the basis of the most recent price deter­ system of aid for cotton (2), as last amended by Regulation mined : (EEC) No 1 554/93 (3), and in particular Article 5 ( 1 ) thereof,

Whereas the world market price for unginned cotton is Whereas, pursuant to Article 5 of Regulation (EEC) No equal to the sum of the values for ginned cotton seed 2169/81 , aid must be granted for unginned cotton defined in Article 1 of Commission Regulation (EEC) No harvested in the Community when the world market 1201 /89 of 3 May 1989, laying down rules implementing price for unginned cotton is below the guide price ; the system of aid cotton (8), as last amended by Regulation (EEC) No 2046/93 (9), minus the cost of beginning ;

Whereas the aid is equal to the difference between these two prices ; Whereas the above values are established on the basis of the prices determined in accordance with Articles 2 and 3 of Regulation (EEC) No 1201 /89 ; whereas the world Whereas the guide price for unginned cotton has been market price is detrmined on the basis of the most favou­ fixed for the 1994/95 marketing year by Council Regula­ rable offers and quotations recorded, excluding offers and tion (EC) No 1876/94 (4); quotations which cannot be regarded as representative of the real market trend :

Whereas, pursuant to the second subparagraph of Article 2 (2) of Council Regulation (EEC) No 1964/87 of 2 July Whereas the necessary adjustments must be made in cases 1987 adjusting the system of aid for cotton (*), as last where the offers and quotations recorded do not satisfy amended by Regulation (EEC) No 1 553/93 (6), the aid for the requirements indicated above ; cotton for the 1994/95 marketing year is reduced by ECU 5,073/ 100 kilograms as fixed by Commission Regulation (EEC) No 2420/93 f7) and by the provisional reduction fixed to take account of the expected overrun of the Whereas, pursuant to Article 4 (4) of Regulation (EEC) No maximum guaranteed quantity fixed by the second sub­ 2169/81 , if there are no suitable offers or quotations for paragraph of Article 2 (1 ) of Regulation (EEC) No determing the world market price for cotton seed, that 1964/87 ; whereas, in these circumstances, the amount of price shall be established on the basis of the most favou­ the aid has been provisionally calculated on the basis of rable offers and quotations for cotton seed recorded on an overall provisional reduction of ECU 25,365/ 100 kilo­ the Community market or, if those offers and quotations grams ; cannot be established, on the basis of the value of the products obtained from processing the seed in the Community, less the processing cost ; whereas this value (') OJ No L 377, 31 . 12. 1987, p. 49. 0 OJ No L 211 , 31 . 7. 1981 , p. 2. is determined in accordance with Article 4 of Regulation 0 OJ No L 154, 25. 6. 1993, p. 23. (EEC) No 1201 /89 ; 0 OJ No L 197, 30. 7. 1994, p. 17. 0 OJ No L 184, 3 . 7. 1987, p. 14. (j OJ No L 154, 25. 6. 1993, p. 21 . (8) OJ No L 123, 4. 5. 1989, p. 23 . 0 OJ No L 222, 1 . 9. 1993, p. 37. 0 OJ No L 185, 28 . 7. 1993, p. 19 .

No L 198/32 Official Journal of the European Communities 30 . 7. 94

Whereas the representative market rates defined in Article whereas it follows from applying these provisions to the 1 of Council Regulation (EEC) No 3813/92 ('), as offers and quotations known to the Commission that the amended by Regulation (EC) No 3528/93 (2), are used to aid for cotton should be as set out in this Regulation, convert amounts expressed in third country currencies and are used as the basis for determining the agricultural HAS ADOPTED THIS REGULATION : conversion rates of the Member States' currencies ; whereas detailed rules on the application and determina­ tion of these conversions are laid down in Commission Article 1 Regulation (EEC) No 1068/93 (3), as amended by Regula­ 1 . The aid for unginned cotton provided for in Article tion (EC) No 547/94 (4) ; 5 of Regulation (EEC) No 2169/81 shall be ECU 48,978 per 100 kilograms.

2. However, the amount of the aid shall be confirmed or replaced with effect from 1 August 1994 to take account of the consequences of the system of maximum guaranteed quantities. Whereas the aid must be fixed once a month, and in such a way that it can be applied for the first day of the month Article 2 following the date of fixing ; whereas it may be altered between fixings ; This Regulation shall enter into force on 1 August 1994.

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

Done at Brussels, 29 July 1994.

For the Commission Rene STEICHEN Member of the Commission

(') OJ No L 387, 31 . 12. 1992, p. 1 . O OJ No L 320, 22. 12. 1993, p. 32. (3) OJ No L 108 , 1 . 5. 1993, p. 106. H OJ No L 69 , 12. 3. 1994, p. 1 .