1.9.84 OfficialJournaloftheEuropeanCommunities NoL234/33
COMMISSION REGULATION (EEC)No2515/84
of31August1984
fixingtheaidforcotton
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofGreece,and
inparticularparagraphs3and10ofProtocol4thereto,
HavingregardtoCouncilRegulation (EEC)No
2169/81of27July1981layingdownthegeneralrules
forthesystemofaidforcotton('),aslastamendedby
Regulation (EEC)No1462/84(2),andinparticular
Article5(1)thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
Whereas,underArticle5ofRegulation (EEC)No
2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetween
thesetwoprices;
Whereastheguidepriceforthe1984/85marketing
yearwasfixedbyCouncilRegulation (EEC)No
1109/84of31March1984(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)No2118/84(5),
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
fordeterminingtheworldmarketpriceforcotton
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)
No855/84,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent,andtheaforesaidcoeffi­
cient;
Whereastheaidmustbefixedoncea,month,andin
suchawaythatitcanbeappliedfromthefirstdayof
themonthfollowingthedateoffixing;whereasit
maybealteredbetweenfixings;
Whereasitfollowsfromapplyingtheseprovisionsto
theoffersandquotationsknowntotheCommission
thattheaidforcottonshouldbeassetoutinthis
Regulation, (')OJNoL211,31.7.1981,p.2.0OJNoL142,29.5.1984,p.1.
(3)OJNoL113,28.4.1984,p.19.
(4)OJNoL211,31.7.1981,p.35. OOJNoL195,25.7.1984,p.30.

NoL234/34 OfficialJournaloftheEuropeanCommunities 1.9.84
HASADOPTED THISREGULATION :
Article1Article2
TheaidforunginnedcottonreferredtoinArticle5of
Regulation(EEC)No2169/81'shallbe32,563ECU
per100kilograms.ThisRegulationshallenterintoforceon1September
1984.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31August1984.
FortheCommission
PoulDALSAGER
MemberoftheCommission