30.7.94 OfficialJournaloftheEuropeanCommunities NoL198/31
COMMISSION REGULATION (EC)No1935/94
of29July1994
fixingtheaidforcotton
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,Whereastheworldmarketpriceforunginnedcottonis
determinedperiodicallyonthebasisoftheworldprices
recordedforginnedcottonandcottonseed,talkinginto
accounttheestimatedyieldoftheCommunityharvestin
cottonseedandinginnedcottonandalsothenetcostof
ginning;HavingregardtotheTreatyestablishingtheEuropean
Community ,
HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol4oncotton
annexedthereto,asamendedbyProtocol14annexedto
theActofAccessionofSpainandPortugal,andCommis­
sionRegulation(EEC)No4006/87('),Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4of
Regulation(EEC)No2169/81;
Whereas,iftheworldmarketpriceforunginnedcotton
cannotbedeterminedasdescribedabove,thispriceshall
beestablishedonthebasisofthemostrecentpricedeter­
mined:HavingregardtoCouncilRegulation(EEC)No2169/81
of27July1981layingdownthegeneralrulesforthe
systemofaidforcotton(2),aslastamendedbyRegulation
(EEC)No1554/93(3),andinparticularArticle5(1)
thereof,
Whereas,pursuanttoArticle5ofRegulation(EEC)No
2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;Whereastheworldmarketpriceforunginnedcottonis
equaltothesumofthevaluesforginnedcottonseed
definedinArticle1ofCommissionRegulation(EEC)No
1201/89of3May1989,layingdownrulesimplementing
thesystemofaidcotton(8),aslastamendedbyRegulation
(EEC)No2046/93(9),minusthecostofbeginning;
Whereastheaidisequaltothedifferencebetweenthese
twoprices; Whereastheabovevaluesareestablishedonthebasisof
thepricesdeterminedinaccordancewithArticles2and3
ofRegulation(EEC)No1201/89;whereastheworld
marketpriceisdetrminedonthebasisofthemostfavou­
rableoffersandquotationsrecorded,excludingoffersand
quotationswhichcannotberegardedasrepresentative of
therealmarkettrend:Whereastheguidepriceforunginnedcottonhasbeen
fixedforthe1994/95marketingyearbyCouncilRegula­
tion(EC)No1876/94(4);
Whereasthenecessaryadjustmentsmustbemadeincases
wheretheoffersandquotationsrecordeddonotsatisfy
therequirementsindicatedabove;Whereas,pursuanttothesecondsubparagraphofArticle
2(2)ofCouncilRegulation(EEC)No1964/87of2July
1987adjustingthesystemofaidforcotton(*),aslast
amendedbyRegulation(EEC)No1553/93(6),theaidfor
cottonforthe1994/95marketingyearisreducedbyECU
5,073/100kilogramsasfixedbyCommissionRegulation
(EEC)No2420/93f7)andbytheprovisionalreduction
fixedtotakeaccountoftheexpectedoverrunofthe
maximumguaranteedquantityfixedbythesecondsub­
paragraphofArticle2(1)ofRegulation(EEC)No
1964/87;whereas,inthesecircumstances ,theamountof
theaidhasbeenprovisionallycalculatedonthebasisof
anoverallprovisionalreductionofECU25,365/100kilo­
grams;Whereas,pursuanttoArticle4(4)ofRegulation(EEC)No
2169/81,iftherearenosuitableoffersorquotationsfor
determingtheworldmarketpriceforcottonseed,that
priceshallbeestablishedonthebasisofthemostfavou­
rableoffersandquotationsforcottonseedrecordedon
theCommunitymarketor,ifthoseoffersandquotations
cannotbeestablished,onthebasisofthevalueofthe
productsobtainedfromprocessingtheseedinthe
Community,lesstheprocessingcost;whereasthisvalue
isdeterminedinaccordancewithArticle4ofRegulation
(EEC)No1201/89;(')OJNoL377,31.12.1987,p.49.0OJNoL211,31.7.1981,p.2.0OJNoL154,25.6.1993,p.23.0OJNoL197,30.7.1994,p.17.0OJNoL184,3.7.1987,p.14.(jOJNoL154,25.6.1993,p.21.
0OJNoL222,1.9.1993,p.37.(8)OJNoL123,4.5.1989,p.23.0OJNoL185,28.7.1993,p.19.

NoL198/32 OfficialJournaloftheEuropeanCommunities 30.7.94
WhereastherepresentativemarketratesdefinedinArticle
1ofCouncilRegulation(EEC)No3813/92('),as
amendedbyRegulation(EC)No3528/93(2),areusedto
convertamountsexpressedinthirdcountrycurrencies
andareusedasthebasisfordeterminingtheagricultural
conversionratesoftheMemberStates'currencies;
whereasdetailedrulesontheapplicationanddetermina­
tionoftheseconversions arelaiddowninCommission
Regulation(EEC)No1068/93(3),asamendedbyRegula­
tion(EC)No547/94(4);whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
aidforcottonshouldbeassetoutinthisRegulation,
HASADOPTEDTHISREGULATION :
Article1
1.TheaidforunginnedcottonprovidedforinArticle
5ofRegulation(EEC)No2169/81shallbeECU48,978
per100kilograms.
2.However,theamountoftheaidshallbeconfirmed
orreplacedwitheffectfrom1August1994totake
accountoftheconsequences ofthesystemofmaximum
guaranteedquantities.
Article2
ThisRegulationshallenterintoforceon1August1994.Whereastheaidmustbefixedonceamonth,andinsuch
awaythatitcanbeappliedforthefirstdayofthemonth
followingthedateoffixing;whereasitmaybealtered
betweenfixings;
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29July1994.
FortheCommission
ReneSTEICHEN
MemberoftheCommission
(')OJNoL387,31.12.1992,p.1.
OOJNoL320,22.12.1993,p.32.
(3)OJNoL108,1.5.1993,p.106.
HOJNoL69,12.3.1994,p.1.