NoL356/40 31.12.85 OfficialJournaloftheEuropeanCommunities
COMMISSION REGULATION (EEC)No3750/85
of30December 1985
fixingtheaidforcotton
cottonseeddefinedinArticle1ofCommissionRegula­
tion(EEC)No2183/81of30July1981layingdownrules
implementing thesystemofaidforcotton(4),aslast
amendedbyRegulation (EEC)No2428/85(*),minusthe
costofginning;
Whereastheabovevaluesareestablishedonthebasisof
thepricesdeterminedinaccordancewithArticles2and3
ofCommissionRegulation (EEC)No2183/81;whereas
theworldmarketpriceisdeterminedonthebasisofthe
mostfavourableoffersandquotationsrecorded,excluding
offersandquotationswhichcannotberegardedasrepre­
sentativeoftherealmarkettrend;whereas,withregardto
cottonseed,accountmustbetakenoftheoffersand
quotationsrecordedontheprincipalmarketsinGreece;
Whereasthenecessaryadjustmentsmustbemadeincases
wheretheoffersandquotationsrecordeddonotsatisfy
therequirements indicatedabove;THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofGreece,andin
particularparagraphs3and10ofProtocol4thereto,
HavingregardtoCouncilRegulation (EEC)No2169/81
of27July1981layingdownthegeneralrulesforthe
systemofaidforcotton('),aslastamendedbyRegulation
(EEC)No1976/85(2),andinparticularArticle5(1)
thereof,
HavingregardtotheopinionoftheMonetaryCommittee ,
Whereas,underArticle5ofRegulation (EEC)No
2169/81,aidmustbegrantedforunginnedcotton
harvestedintheCommunitywhentheworldmarket
priceforunginnedcottonisbelowtheguideprice;
Whereastheaidisequaltothedifferencebetweenthese
twoprices;
Whereastheguidepriceforthe1985/86marketingyear
wasfixedbyCouncilRegulation (EEC)No1500/85of23
May1985(3);
Whereastheworldmarketpriceforunginnedcottonis
determinedperiodicallyonthebasisoftheworldmarket
pricesrecordedforginnedcottonandcottonseed,taking
intoaccounttheestimatedyieldoftheCommunity
harvestincottonseedandinginnedcottonandalsothe
netcostofginning;
Whereastheworldmarketpriceforginnedcottonand
cottonseedisdeterminedinaccordancewithArticle4of
Regulation (EEC)No2169/81;
Whereas,iftheworldmarketpriceforunginnedcotton
cannotbedeterminedasdescribedabove,thispriceshall
beestablishedonthebasisofthemostrecentpricedeter­
mined;
Whereastheworldmarketpriceforunginnedcottonis
equaltothesumofthevaluesforginnedcottonandWhereas,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(6),
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient ;
(')OJNoL211,31.7.1981,p.2.
(2)OJNoL186,19.7.1985,p.1.
0OJNoL151,10.6.1985,p.25.(4)OJNoL211,31.7.1981,p.35.
0OJNoL230,29.8.1985,p.12.
6OJNoL164,24.6.1985,p.1.

31.12.85 OfficialJournaloftheEuropeanCommunities NoL356/41
Whereastheaidmustbefixedonceamonth,andinsuch
awaythatitcanbeappliedfromthefirstdayofthe
monthfollowingthedateoffixing;whereasitmaybe
alteredbetweenfixings;HASADOPTED THISREGULATION :
Article1
TheaidforunginnedcottonreferredtoinArticle5of
Regulation (EEC)No2169/81shallbe66,740ECUper
100kilograms.
Article2
ThisRegulationshallenterintoforceon1January1986.Whereasitfollowsfromapplyingtheseprovisionstothe
offersandquotationsknowntotheCommissionthatthe
aidforcottonshouldbeassetoutinthisRegulation,
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30December1985.
FortheCommission
FransANDRIESSEN
Vice-President