NoL56/38 OfficialJournaloftheEuropeanCommunities 27.2.82
COMMISSION REGULATION (EEC)No466/82
of26February1982
fixingtheaidforcotton
quotationswhichcannotberegardedasrepresentative
oftherealmarkettrend;
Whereasforthe1981/82marketingyeartheoffersand
quotationsareincreasedbythosecustomsduties
appliedinGreecewhenimportingfromotherMember
States;
Whereasthenecessaryadjustmentsmustbemadein
caseswheretheoffersanaquotationsrecordeddonot
satisfytherequirementsindicatedabove;
Whereas,underArticle4(4)ofRegulation(EEC)No
2169/81,iftherearenosuitableoffersorquotations
fordeterminingtheworldmarketpriceforcotton
seed,thispriceistobeestablishedonthebasisofthe
valueoftheproductsobtainedfromtheprocessingof
thoseseeds,lessthecostofcrushing;whereasthis
valueisdeterminedinaccordancewithArticle4of
Regulation(EEC)No2183/81;
Whereas,ifthesubsidysystemistooperatenormally,
subsidiesshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theircentralrate,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
Whereastheaidmustbefixedonceamonth,andin
suchawaythatitcanbeappliedfromthefirstdayof
themonthfollowingthedateoffixing;whereasit
maybealteredbetweenfixings;
Whereasitfollowsfromapplyingtheseprovisionsto
theoffersandquotationsknowntotheCommission
thattheaidforcottonshouldbeassetoutinthis
Regulation,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofGreece,and
inparticularparagraphs3and10ofProtocol4thereto,
HavingregardtoCouncilRegulation (EEC)No
2169/81of27July1981layingdownthegeneralrules
forthesystemofaidforcotton('),andinparticular
Article5(1)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas,underArticle5ofRegulation(EEC)No
2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetween
thesetwoprices;
Whereastheguidepriceforthe1981/82marketing
yearwasfixedbyRegulation(EEC)No2168/81(2);
Whereastheworldmarketpriceforunginnedcotton
isdeterminedperiodicallyonthebasisoftheworld
marketpricesrecordedforginnedcottonandcotton
seed,takingintoaccounttheestimatedyieldofthe
Communityharvestincottonseedandinginned
cottonandalsothenetcostofginning;
Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4
ofRegulation(EEC)No2169/81;
Whereas,iftheworldmarketpriceforunginned
cottoncannotbedeterminedasdescribedabove,this
priceshallbeestablishedonthebasisofthemost
recentpricedetermined ;
Whereastheabovevaluesareestablishedonthebasis
ofthepricesdeterminedinaccordancewithArticles2,
3and4ofCommissionRegulation(EEC)No2183/81
of30July1981layingdownrulesimplementingthe
systemofaidforcotton(3);whereastheworldmarket
priceisdeterminedonthebasisofthemostfavourable
offersandquotationsrecorded,excludingoffersandHASADOPTEDTHISREGULATION :
Article1
TheaidforunginnedcottonreferredtoinArticle5of
Regulation(EEC)No2169/81shallbe31-350ECU
per100kilograms.
Article2
(')OJNoL211,31.7.1981,p.2.0OJNoL211,31.7.1981,p.1.
(3OJNoL211,31.7.1971,p.35.ThisRegulationshallenterintoforceon1March
1982.

27.2.82 OfficialJournaloftheEuropeanCommunities NoL5639
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,26February1982.
FortheCommission
PoulDALSAGER
MemberoftheCommission