CELEX: 31988R3744
Language: en
Date: 1988-12-01 00:00:00
Title: Commission Regulation (EEC) No 3744/88 of 30 November 1988 fixing the aid for soya beans

1 . 12. 88                              Official Journal of the European Communities                               No L 328 /31
                                        COMMISSION REGULATION (EEC) No 3744/88
                                                       of 30 November 1988
                                                  fixing the aid for soya beans
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         the application of the special measures for soya beans
                                                                     as last amended by Regulation (EEC) No 2674/88 Q, the
                                                                     world market price is to be fixed per 100 kilograms and
  Having regard to the Treaty establishing the European              calculated on the basis of the most favourable offers and
  Economic Community,                                                quotations for delivery within 30 days following the date
                                                                     when the said offers and quotations were recorded ;
 Having regard to the Act of Accession of Spain and
 Portugal,
                                                                     Whereas, where the offers and quotations do not comply
                                                                     with the said conditions, the necessary adjustments must
 Having regard to Council Regulation (EEC) No 1491 /85               be carried out, particularly those referred to in Article 2 of
 of 23 May 1985 laying down special measures in respect              Regulation (EEC) No 2329/85 ;
 of soya beans ('), as last amended by Regulation (EEC) No
 2217/88 (% and in particular Article 2 (7) thereof,
                                                                     Whereas the abatement of the subsidy for soya beans
 Having regard to the opinion of the Monetary Committee,             which arises from the system of maximum guaranteed
                                                                     quantities for the 1988/89 marketing year . has been fixed
                                                                     by Commission Regulation (EEC) No 3404/88 (8) ;
 Whereas, pursuant to Article 2 (1 ) of Regulation (EEC) No
  1491 /85, aid is to be granted for soya beans harvested
 within the Community where the guide price for a                    Whereas, if the said system is to operate normally, aid
 marketing year exceeds the world price ; whereas the said           should be calculated on the following basis :
 aid is to be equal to the difference between those two
 prices ;
                                                                         in the case of currencies which are maintained in rela­
 Whereas the guide price for soya beans for the 1988/ 1989               tion to each other at any given moment within a band
 marketing year was fixed by Council Regulation (EEC)                    of 2,25 %, a rate of exchange based on their central
 No 2219/88 (3) ; whereas pursuant to Articles 95 (2) and                rate, multiplied by the corrective factor provided for in
 293 (2) of the Act of Accession of Spain and Portugal aid               the last paragraph of Article 3 (1 ) of Council Regula­
 for soya beans harvested in these two Member States is to               tion (EEC) No 1676/85 ('), as last amended by Regula­
 be introduced in accordance with the provisions of para­                tion (EEC) No 1 636/87 (10) ;
graphs 2 and 3 of the said Articles from the beginning of
 the 1986/87 marketing year ;                                            for other currencies, an exchange rate based on the
                                                                         arithmetic mean of the spot market rates of each of
                                                                         these currencies recorded over a given period in rela­
Whereas, pursuant to Council Regulation (EEC) No                         tion to the Community currencies referred to in the
 2194/85 of 25 July 1985 adopting general rules concer­                  previous indent, and the aforesaid coefficient ;
 ning special measures for soya beans (4), as last amended
by Regulation (EEC) No 3555/88 (*), the world price for
soya beans is to be determined on the basis of the most             Whereas the aid shall be fixed as often as the market situ­
favourable actual purchasing possibility, with the excep­           ation so requires and so that it can be applied at least
tion of offers and prices which may not be considered as            twice a month, one of which times shall be from the first
representative of the actual market trend ; whereas                 day of each month ;
acccount is to be taken of offers made on the world
market as well as the prices quoted on exchanges which
are important in terms of international trade ;
                                                                    Whereas it follows from applying these provisions to the
                                                                    offers and quotations known to the Commission that the
Whereas, pursuant to Commission Regulation (EEC) No                 subsidy on soya beans should be as set out in this Regula­
2329/85 of 12 August 1985 laying down detailed rules for            tion,
(')  OJ  No  L 151 , 10. 6. 1985, p. 15.                            i6) OJ No L 218, 15. 8.   1985, p. 16.
(2)  OJ  No  L 197,  26. 7. 1988, p. 11 .                           0 OJ No L 239, 30. 8 .    1988, p. 19.
0    OJ  No  L 197,  26. 7. 1988, p. 14.                            (8) OJ No L 299, 1 . 11 . 1988, p. 58 .
(4)  OJ  No  L 204,  2. 8. 1985, p. 1 .                             O OJ No L 164, 24. 6.     1985, p. 1 .
0    OJ  No  L 311 , 17. 11 . 1988, p. 7.                           (10) OJ No L 153, 13. 6.   1987, p. 1 .
 ---pagebreak--- No L 328/32                         Official Journal of the European Communities                              1 . 12. 88
HAS ADOPTED THIS REGULATION :                                                             Article 2
                        Article 1
The aid referred to in Article 2 of Regulation (EEC) No         This Regulation shall enter into force on 1 December
1491 /85 is hereby fixed in the Annex hereto.                   1988 .
                This Regulation shall be binding in its entirety and directly applicable in all Member
                States.
                Done at Brussels, 30 November 1988.
                                                                       For the Commission
                                                                        Frans ANDRIESSEN
                                                                           Vice-President
                                                        ANNEX
                                                  Aid for soya beans
                                                                                                 (ECU/100 kg)
                                                -                        Seed harvested in
                                                                                            another Member
                                                               Spain          Portugal            State
                Seed processed in :
                — Spain                                        0,000          27,702             27,702
                — Portugal                                    17,392           0,000             27,702
                — another Member State                        17,392          27,702             27,702