Commission Regulation (EEC) No 2511/92 of 27 August 1992 fixing, for unginned cotton, the actual production for the 1991/92 marketing year, the estimated production and the reduction in the aid for the 1992/93 marketing year and the amount by which the guide price is to be reduced for the 1993/94 marketing year

COMMISSION REGULATION (EEC) No 2511/92  of 27 August 1992  fixing, for unginned cotton, the actual production for the 1991/92 marketing year, the estimated production and the reduction in the aid for the 1992/93 marketing year and the amount by  which the guide price is to be reduced for the 1993/94 marketing year
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to the Act of Accession of Greece, and in particular Protocol 4 on cotton, as amended by the Act of Accession of Spain and Portugal, and in particular Protocol 14 annexed thereto,
Having regard to Council Regulation (EEC) No 2169/81 of 27 July 1981 laying down the general rules for the system of aid for cotton (1), as last amended by Regulation (EEC) No 2053/92 (2), and in particular Article 11 thereof,
Whereas Article 7 (1) of Regulation (EEC) No 2169/81 provides that the actual production in each marketing year is to be determined each year, taking account in particular of the quantities for which the aid has been applied for; whereas the application  of that criterion gives the actual production for the 1991/92 marketing year indicated below;
Whereas Article 8 of Regulation (EEC) No 2169/81 provides that the estimated production of cotton must be established before the beginning of each marketing year; whereas, on the basis of the figures available, the estimated production for the 1992/93  marketing year should be fixed at the figure given below;
Whereas, pursuant to Article 2 (2) of Council Regulation (EEC) No 1964/87 of 2 July 1987 adjusting the system of aid for cotton introduced by Protocol 4 annexed to the Act of Accession of Greece (3), as last amended by Regulation (EEC) No 2052/92 (4),  where the maximum guaranteed quantity is exceeded by the estimated production, the aid should be reduced in accordance with the criteria laid down in that paragraph; however, the reduction in aid for the 1992/93 marketing year is limited to 15 % of the  guide price but any reduction exceeding that limit is deducted from the guide price of the following marketing year up to a maximum of 5 %; whereas the application of the abovementioned provisions leads to the fixing of a reduction in the aid for the  1992/93 marketing year equal to that indicated below;
Whereas this Regulation is in accordance with the opinion of the Management Committee for Flax and Hemp,