NoL234/40 OfficialJournaloftheEuropeanCommunities 31.8.85
COMMISSION REGULATION (EEC)No2468/85
of30August1985
fixingtheaidforcotton
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofGreece,and
inparticularparagraphs3and10ofProtocol4thereto,
HavingregardtoCouncilRegulation (EEC)No
2169/81of27July1981layingdownthegeneralrules
forthesystemofaidforcotton('),aslastamendedby
Regulation (EEC)No1976/85(2),andinparticular
Article5(1)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas,underArticle5ofRegulation (EEC)No
2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetween
thesetwoprices;
Whereastheguidepriceforthe1985/86marketing
yearwasfixedbyCouncilRegulation (EEC)No
1500/85of23May1985(3);
Whereastheworldmarketpriceforunginnedcotton
isdeterminedperiodicallyonthebasisoftheworld
marketpricesrecordedforginnedcottonandcotton
seed,takingintoaccounttheestimatedyieldofthe
Communityharvestincottonseedandinginned
cottonandalsothenetcostofginning;
Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4
ofRegulation(EEC)No2169/81;
Whereas,iftheworldmarketpriceforunginned
cottoncannotbedeterminedasdescribedabove,this
priceshallbeestablishedonthebasisofthemost
recentpricedetermined ;
Whereastheworldmarketpriceforunginnedcotton
isequaltothesumofthevaluesforginnedcottonand
cottonseeddefinedinArticle1ofCommissionRegu­
lation(EEC)No2183/81of30July1981layingdown
rulesimplementing thesystemofaidforcotton(4),aslastamendedbyRegulation (EEC)No2428/85(*),
minusthecostofginning;
Whereastheabovevaluesareestablishedonthebasis
ofthepricesdeterminedinaccordancewithArticles2
and3ofCommissionRegulation(EEC)No2183/81;
whereastheworldmarketpriceisdeterminedonthe
basisofthemostfavourableoffersandquotations
recorded,excludingoffersandquotationswhich
cannotberegardedasrepresentative oftherealmarket
trend;whereas,withregardtocottonseed,account
mustbetakenoftheoffersandquotationsrecordedon
theprincipalmarketsinGreece;
Whereasthenecessaryadjustmentsmustbemadein
caseswheretheoffersandquotationsrecordeddonot
satisfytherequirementsindicatedabove;
Whereas,underArticle4(4)ofRegulation(EEC)No
2169/81,iftherearenosuitableoffersorquotations
fordeterminingtheworld"marketpriceforcotton
seed,thispriceistobeestablishedonthebasisofthe
valueoftheproductsobtainedfromtheprocessingof
thoseseeds,lessthecostofcrushing;whereasthis
valueisdeterminedinaccordancewithArticle4of
Regulation(EEC)No2183/81;
Whereas,ifthesubsidysystemistooperatenormally,
subsidiesshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2,25%,arateofexchangebasedon
theircentralrate,multipliedbythecoefficient
providedforinArticle2b(2)ofRegulation(EEC)
No974/71(*),aslastamendedbyRegulation(EEC)
No855/840,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent,andtheaforesaidcoeffi­
cient;
Whereastheaidmustbefixedonceamonth,andin
suchawaythatitcanbeappliedfromthefirstdayof
themonthfollowingthedateoffixing;whereasit
maybealteredbetween-fixings;
Whereasitfollowsfromapplyingtheseprovisionsto
theoffersandquotationsknowntotheCommission
thattheaidforcottonshouldbeassetoutinthis
Regulation,
(')OJNoL211,31.7.1981,p.2.
(2)OJNoL186,19.7.1985,p.1.
(3)OJNoL151,10.6.1985,p.25.
(4)OJNoL211,31.7.1981,p.35.0OJNoL230,29.8.1985,p.12.(jOJNoL106,12.5.1971,p.1.
OOJNoL90,1.4.1984,p.1.

31.8.85 OfficialJournaloftheEuropeanCommunities NoL234/41
Article2 HASADOPTEDTHISREGULATION :
Article1
TheaidforunginnedcottonreferredtoinArticle5of
Regulation(EEC)No2169/81shallbe55,833ECU
per100kilograms.ThisRegulationshallenterintoforceon1September
1985.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30August1985.
FortheCommission
FransANDRIESSEN
Vice-President