20.2.92 OfficialJournaloftheEuropeanCommunities NoL44/27
COMMISSION REGULATION (EEC)No404/92
of19February1992
fixingtheaidforsoyabeans
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,onwhichtheapplicationwaslodgedbythecorrective
amountandthedifferencebetweenthetargetprices
mentionedinArticle33ofCommissionRegulation(EEC)
No2537/89of8August1989layingdowndetailedrules
fortheapplicationofthespecialmeasureforsoya
beans(6),aslastamendedbyRegulation (EEC)No
2692/910;HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,Whereas,pursuanttoRegulation(EEC)No2537/89,the
worldmarketpriceistobefixedper100kilogramsand
calculatedonthebasisofthemostfavourableoffersand
quotationsfordeliverywithin30daysfollowingthedate
whenthesaidoffersandquotationswererecorded;HavingregardtoCouncilRegulation(EEC)No1491/85
of23May1985layingdownspecialmeasuresinrespect
ofsoyabeans('),aslastamendedbyRegulation(EEC)No
1724/91(2),andinparticularArticle2(7)thereof,
WhereasRegulation(EEC)No59/92(8)limitsthevalidity
ofthecertificateprovidedforinArticle4aofCouncil
Regulation(EEC)No2194/85to30June1992;Whereas,pursuanttoArticle2(1)ofRegulation(EEC)No
1491/85,aidistobegrantedforsoyabeansharvested
withintheCommunitywheretheguidepricefora
marketingyearexceedstheworldprice;whereasthesaid
aidistobeequaltothedifferencebetweenthosetwo
prices;Whereas,wheretheoffersandquotationsdonotcomply
withthesaidconditions,thenecessaryadjustmentsmust
becarriedout,particularlythosereferredtoinArticle40
ofRegulation(EEC)No2537/89;
Whereastheguidepriceforsoyabeanswasfixedforthe
1991/92marketingyearbyCouncilRegulation(EEC)No
1726/91(3);Whereastheabatementofthesubsidywhicharises,where
appropriate,fromthesystemofmaximumguaranteed
quantitiesforthe1991/92year,hasbeenfixedby
CommissionRegulation (EEC)No250/92(9);
Whereas,pursuanttoCouncilRegulation (EEC)No
2194/85of25July1985adoptinggeneralrulescon­
cerningspecialmeasuresforsoyabeans(4),aslast
amendedbyRegulation(EEC)No1725/91(%theworld
priceforsoyabeansistobedeterminedonthebasisof
themostfavourableactualpurchasingpossibility,withthe
exceptionofoffersandpriceswhichmaynotbecon­
sideredasrepresentative oftheactualmarkettrend;
whereasaccountistobetakenofoffersmadeonthe
worldmarketaswellasthepricesquotedonexchanges
whichareimportantintermsofinternationaltrade;
whereas,underthatRegulation,wherethesubsidytobe
grantedisfixedinadvance,theamountofsuchsubsidy
mustbeequaltotheamountapplicableonthedayon
whichtheapplicationforadvancefixingwaslodged,
adjustedbythedifferencebetweenthetargetpricevalid
onthatdayandthetargetpricevalidontheidentification
day;whereassuchadjustmentshouldinvolveincreasing
orreducingtheamountofsubsidyapplicableonthedayWhereas,ifthesaidsystemistooperatenormally,aid
shouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(10)aslastamendedbyRegula­
tion(EEC)No2205/90("),
—fortheothercurrencies,anexchangeratebasedonan
averageoftheecuratespublishedinthe'C'seriesof
theOfficialJournaloftheEuropeanCommunities
overaperiodtobedetermined,multipliedbythe
factorreferredtointheprecedingindent;
(6)OJNoL245,22.8.1989,p.8.0OJNoL255,12.9.1991,p.12.
(8)OJNoL6,11.1.1992,p.15.0OJNoL24,1.2.1992,p.86.
(10)OJNoL164,24.6.1985,p.1.
(")OJNoL201,31.7.1990,p.9.(')OJNoL151,10.6.1985,p.15.
(2)OJNoL162,26.6.1991,p.35.
(3)OJNoL162,26.6.1991,p.39.
0OJNoL204,2.8.1985,p.1.4OJNoL162,26.6.1991,p.37.

NoL44/28 OfficialJournaloftheEuropeanCommunities 20.2.92
Whereastheaidshallbefixedasoftenasthemarketsitu­
ationsorequiresandsothatitcanbeappliedatleast
twiceamonth,oneofwhichtimesshallbefromthefirst
dayofeachmonth;HASADOPTEDTHISREGULATION :
Article1
TheamountoftheaidprovidedforinArticle2ofRegu­
lation(EEC)No1491/85shallbeassetoutintheAnnex
hereto.
Article2
ThisRegulationshallenterintoforceon20February
1992.Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
subsidyonsoyabeansshouldbeassetoutinthisRegula­
tion,
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,19February1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission
ANNEX
totheCommissionRegulationof19February1992fixingtheaidforsoyabeans
(ECU/100kg)
Current First Second Third Fourth
period period period period period
2 3 4 5 6
Seedharvested 27,476 27,476 27,590 27,424 27,424