1.6.95 EN OfficialJournaloftheEuropeanCommunities NoL121/21
COMMISSION REGULATION (EC)No1234/95
of31May1995
fixingtheaidforcotton
1987adjustingthesystemofaidforcotton(6),aslast
amendedbyRegulation(EC)No2760/94(7),theaidfor
cottonforthe1995/96makertingyearisreducedbyECU
7,102/100kilogramsasfixedbyCommissionRegulation
(EC)No2150/94(8),asamendedbyRegulation(EC)No
3012/94(9),andbythereductionfixedtotakeaccountof
theexpectedoverrunofthemaximumguaranteedquan­
tityfixedbythesecondsubparagraph ofArticle2(1)of
Regulation(EEC)No1964/87;whereas,inthesecircum­
stances,theamountoftheaidhasbeenprovisionally
calculatedonthebasisofanoverallprovisionalreduction
ofECU33,078/100kilograms;
Whereastheworldmarketpriceforunginnedcottonis
determinedperiodicallyonthebasisoftheworldprices
recordedforginnedcottonandcottonseed,talkinginto
accounttheestimatedyieldoftheCommunityharvestin
cottonseedandinginnedcottonandalsothenetcostof
ginning;
Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4of
Regulation(EEC)No2169/81;THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
Community ,
HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol4oncotton
annexedthereto,asamendedbyProtocol14annexedto
theActofAccessionofSpainandPortugal,andCommis­
sionRegulation(EEC)No4006/87('),
HavingregardtoCouncilRegulation(EEC)No2169/81
of27July1981layingdownthegeneralrulesforthe
systemofaidforcotton(2),aslastamendedbyRegulation
(EEC)No1554/93(3),andinparticularArticle5(1)
thereof,
Whereas,pursuanttoArticle5ofRegulation(EEC)No
2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetweenthese
twoprices;
WhereasthethirdsentenceofArticle7(1)ofCommis­
sionRegulation(EEC)No1201/89of3May1989laying
downrulesimplementing thesystemofaidforcotton(4),
aslastamendedbyRegulation(EEC)No2046/93(5),
stipulatesthataidapplicationsmaybelodgedduring
JuneandJuly1995forboththe1994/95and1995/96
marketingyears;whereastheaidvalidforthetwomarke­
tingyearsinquestionshouldthereforebefixedduring
thosemonths;
Whereasintheabsenceofaguidepriceforcottonvalid
forthe1995/96marketingyear,theamountofaidtobe
grantedwhereitisfixedinadvanceforthatmarketing
yearcanbefixedonlyprovisionallyonthebasisofthe
Commission'smostrecentpriceproposalstotheCouncil
forthe1995/96marketingyear;whereasthisamount
mustthereforebeappliedprovisionallyonly,andmustbe
confirmedorreplacedassoonasthepricefor1995/96
marketingyearisknown;
Whereas,pursuanttothesecondsubparagraphofArticle
2(2)ofCouncilRegulation(EEC)No1964/87of2JulyWhereas,iftheworldmarketpriceforunginnedcotton
cannotbedeterminedasdescribedabove,thispriceshall
beestablishedonthebasisofthemostrecentpricedeter­
mined;
Whereastheworldmarketpriceforunginnedcottonis
equaltothesumofthevaluesforginnedcottonseed
definedinArticle1ofCommissionRegulation(EEC)No
1201/89minusthecostofginning;
Whereastheabovevaluesareestablishedonthebasisof
thepricesdeterminedinaccordancewithArticles2and3
ofRegulation (EEC)No1201/89;whereastheworld
marketpriceisdeterminedonthebasisofthemost
favourableoffersandquotationsrecorded,excludingoffers
andquotationswhichcannotberegardedasrepresenta­
tiveoftherealmarkettrend;
Whereasthenecessaryadjustmentsmustbemadeincases
wheretheoffersandquotationsrecordeddonotsatisfy
therequirementsindicatedabove;
(')OJNoL377,31.12.1987,p.49.
(2)OJNoL211,31.7.1981,p.2.0OJNoL154,25.6.1993,p.23.
(4)OJNoL123,4.5.1989,p.23.
0OJNoL185,28.7.1993,p.19.(«)OJNoL184,3.7.1987,p.14.0OJNoL294,15.11.1994,p.1.
(8)OJNoL228,1.9.1994,p.31.0OJNoL320,13.12.1994,p.9.

NoL121/22IENIOfficialJournaloftheEuropeanCommunities 1.6.95
theproposalprovidesinparticularforamendmentstothe
methodfordeterminingtheworldmarketpricefor
unginnedcottonandtothestabilizersystemandfixesa
guidepriceforthe1995/96marketingyear;whereas,
shouldtheproposalbeadoptedbytheCouncilandapply
tothe1995/96marketingyear,theaidwillhavetobe
replacedbyanamountcalculatedinaccordancewiththe
newprovisionsapplicable,Whereas,pursuanttoArticle4(4)ofRegulation(EEC)No
2169/81,iftherearenosuitableoffersorquotationsfor
determiningtheworldmarketpriceforcottonseed,that
priceshallbeestablishedonthebasisofthemostfavou­
rableoffersandquotationsforcottonseedrecordedon
theCommunitymarketor,ifthoseoffersandquotations
cannotbeestablished,onthebasisofthevalueofthe
productsobtainedfromprocessingtheseedinthe
Community ,lesstheprocessingcost;whereasthisvalue
isdeterminedinaccordancewithArticle4ofRegulation
(EEC)No1201/89;
WhereastherepresentativemarketratesdefinedinArticle
1ofCouncilRegulation (EEC)No3813/92('),aslast
amendedbyRegulation (EC)No150/95(2),areusedto
convertamountsexpressedinthirdcountrycurrencies
andareusedasthebasisfordeterminingtheagricultural
conversionratesoftheMemberStates'currencies;
whereasdetailedrulesontheapplicationanddetermina­
tionoftheseconversions arelaiddowninCommission
Regulation (EEC)No1068/93(3),aslastamendedby
Regulation(EC)No1053/95(4);
Whereastheaidmustbefixedonceamonth,andinsuch
awaythatitcanbeappliedforthefirstdayofthemonth
followingthedateoffixing;whereasitmaybealtered
betweenfixings;
Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
aidforcottonshouldbeassetoutinthisRegulation ;
WhereastheCommissionhaspresentedaproposaltothe
Counciltoadaptthesystemofaidforcotton;whereasHASADOPTEDTHISREGULATION :
Article1
1.TheaidforunginnedcottonprovidedforinArticle
5ofRegulation(EEC)No2169/81shallbe:
—ECU45,049per100kilogramsforthe1994/95
marketingyear,
—ECU54,766per100kilogramsforthe1995/96
marketingyear.
2.However,theamountoftheaidfor1995/96shallbe
confirmedorreplacedwitheffectfrom1June1995to
takeaccountoftheguidepriceforcottonforthatmar­
ketingyear,theconsequences ofthestabilizersystemand
anyadaptationstothearrangements .
Article2
ThisRegulationshallenterintoforceon1June1995.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31May1995.
FortheCommission
FranzFISCHLER
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1.
(2)OJNoL22,31.1.1995,p.1.0OJNoL108,1.5.1993,p.106.
(4)OJNoL107,12.5.1995,p.4.