1.3.86 OfficialJournaloftheEuropeanCommunities NoL55/7
COMMISSION REGULATION (EEC)No530/86
of28February1986
fixingtheaidforcotton
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol4oncotton
annexedthereto,asamendedbyProtocol14annexedto
theActofAccessionofSpainandofPortugal,
HavingregardtoCouncilRegulation(EEC)No2169/81
of27July1981layingdownthegeneralrulesforthe
systemofaidforcotton('),aslastamendedbyRegulation
(EEC)No1976/85(2),andinparticularArticle5(1)
thereof,harvestincottonseedandinginnedcottonandalsothe
netcostofginning;
Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4of
Regulation(EEC)No2169/81;
Whereas,iftheworldmarketpriceforunginnedcotton
cannotbedeterminedasdescribedabove,thispriceshall
beestablishedonthebasisofthemostrecentpricedeter­
mined;
Whereastheworldmarketpriceforunginnedcottonis
equaltothesumofthevaluesforginnedcottonand
cottonseeddefinedinArticle1ofCommissionRegula­
tion(EEC)No2183/81of30July1981layingdownrules
implementing thesystemofaidforcotton(*),aslast
amendedbyRegulation(EEC)No2428/85Q,minusthe
costofginning;
Whereastheabovevaluesareestablishedonthebasisof
thepricesdeterminedinaccordancewithArticles2and3
ofCommissionRegulation(EEC)No2183/81;whereas
theworldmarketpriceisdeterminedonthebasisofthe
mostfavourableoffersandquotationsrecorded,excluding
offersandquotationswhichcannotberegardedasrepre­
sentativeoftherealmarkettrend;whereas,withregardto
cottonseed,accountmustbetakenoftheoffersand
quotationsrecordedontheprincipalmarketsinGreece;
Whereasthenecessaryadjustmentsmustbemadeincases
wheretheoffersandquotationsrecordeddonotsatisfy
therequirementsindicatedabove;
Whereas,underArticle4(4)ofRegulation(EEC)No
2169/81,iftherearenosuitableoffersorquotationsfor
determiningtheworldmarketpriceforcottonseed,this
priceistobeestablishedonthebasisofthevalueofthe
productsobtainedfromtheprocessingofthoseseeds,less
thecostofcrushing;whereasthisvalueisdeterminedin
accordancewithArticle4ofRegulation (EEC)No
2183/81;
Whereas,ifthesubsidysystemistooperatenormally,
subsidiesshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofRegulation(EEC)
No1676/85(8),HavingregardtotheopinionoftheMonetaryCommittee,
Whereas,underArticle5ofRegulation (EEC)No
2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetweenthese
twoprices;
Whereastheguidepriceforthe1985/86marketingyear
wasfixedbyCouncilRegulation(EEC)No1500/85(3);
whereasforSpainthispricewasfixedbyCouncilRegula­
tion(EEC)No459/86(4);
WhereasArticle1ofCouncilRegulation (EEC)No
486/86of25February1986makingspecialarrangements
forthegrantingofthecottonproductionaidinSpain
duringtheperiod1Marchto31August1986(^states
thattherulesofimplementation forthecottonproduc­
tionaidthatareinforceinSpainforthe1985/86
marketingyeararetoremainapplicablefortheperiod1
Marchto31August1986;
Whereastheworldmarketpriceforunginnedcottonis
determinedperiodicallyonthebasisoftheworldmarket
pricesrecordedforginnedcottonandcottonseed,taking
intoaccounttheestimatedyieldoftheCommunity
(■)OJNoL211,31.7.1981,p.2.
(2)OJNoL186,19.7.1985,p.1.
(3)OJNoL151,10.6.1985,p.25.
(4)OJNoL53,1.3.1986.
(*)OJNoL54,1.3.1986.0OJNoL211,31.7.1981,p.35.
(?)OJNoL230,29.8.1985,p.12.
MOJNoL164,24.6.1985,p.1.

NoL55/8 OfficialJournaloftheEuropeanCommunities1.3.86
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient ;
Whereastheaidmustbefixedonceamonth,andinsuch
awaythatitcanbeappliedfromthefirstdayofthe
monthfollowingthedateoffixing;whereasitmaybe
alteredbetweenfixings;
Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
aidforcottonshouldbeassetoutinthisRegulation,HASADOPTED THISREGULATION :
Article1
1.TheaidforunginnedcottonprovidedforinArticle
5ofRegulation(EEC)No2169/81shallbeECU
per100kilograms.
2.TheaidinSpainforcottonproducedinthatcountry
shallhoweverbethatgrantedunderthenationalarrange­
ments.
Article2
ThisRegulationshallenterintoforceon1March1986.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,28February1986.
FortheCommission
FransANDRIESSEN
Vice-President