Commission Regulation (EC) No 1260/96 of 1 July 1996 definitively fixing the amount of aid for cotton from 1 June 1995 to 31 March 1996 for the 1995/96 marketing year

COMMISSION REGULATION (EC) No 1260/96 of 1 July 1996 definitively fixing the amount of aid for cotton from 1 June 1995 to 31 March 1996 for the 1995/96 marketing year
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to the Act of Accession of Greece, and in particular paragraphs 3 and 10 of Protocol 4 on cotton, as last amended by Council Regulation (EC) No 1553/95 (1),
Having regard to Council Regulation (EC) No 1554/95 of 29 June 1995 laying down the general rules for the system of aid for cotton and repealing Regulation (EEC) No 2169/81 (2), and in particular Article 5 (1) thereof,
Whereas the Council adopted the adjustments to the system of aid for cotton from the 1995/96 marketing year at the end of June 1995; whereas these adjustments include, in particular, the fixing of the reduction in the guide price, the application of a new stabilizer system based on guaranteed national quantities, the taking into account of the availability of funds following application of the reduction in the event of an overrun of the guaranteed national quantities with a view to increasing the aid, and amendments to the method for determining the world market price for unginned cotton;
Whereas the amounts of aid for cotton fixed for the 1995/96 marketing year for the period from 1 June to 5 July 1995 were provisionally established on the basis of the guide price and the rules applicable to the aid scheme for that period; whereas the amounts of aid fixed for the period from 6 July to 31 August 1995 were provisionally established on the basis of a reduction related to the estimated production of each Member State in relation to its own guaranteed national quantity, on the basis of the old method for calculating the world market price for unginned cotton; whereas since 1 September 1995 the world market price for unginned cotton has been periodically fixed in accordance with all the rules applicable from that date;
Whereas Commission Regulation (EC) No 1090/96 (3) fixed, for the 1995/96 marketing year, actual production of unginned cotton, the amount by which the guide price is reduced in each Member State in accordance with Article 6 of Regulation (EC) No 1554/95 and the increase in the amount of the aid in accordance with Article 2 (4) of Council Regulation (EEC) No 1964/87 (4), as last amended by Regulation (EC) No 1553/95;
Whereas Article 5 (1) of Commission Regulation (EEC) No 1201/89 of 3 May 1989, laying down rules implementing the system of aid for cotton (5), as last amended by Regulation (EC) No 905/96 (6), provides for the amount of the aid for unginned cotton applicable for each period for which a world market price has been determined to be fixed before 15 July;
Whereas therefore, the amounts of aid valid for the 1995/96 marketing year should be definitively fixed,