Commission Regulation (EC) No 1290/98 of 22 June 1998 definitively fixing the aid for unginned cotton from 1 September 1997 to 31 March 1998 for the 1997/98 marketing year

COMMISSION REGULATION (EC) No 1290/98 of 22 June 1998 definitively fixing the aid for unginned cotton from 1 September 1997 to 31 March 1998 for the 1997/98 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), as amended by Regulation (EC) No 1584/96 (3), and in particular Article 5(1) thereof,
Whereas, under Article 3 of Regulation (EC) No 1554/95, the world market price for unginned cotton is fixed periodically during the marketing year;
Whereas Commission Regulation (EC) No 1256/98 (4) fixes actual production of unginned cotton for the 1997/98 marketing year, the amount by which the guide price in each Member State is to be reduced under Article 6 of Regulation (EC) No 1554/95 and the increase in the amount of aid in accordance with Article 2(4) of Council Regulation (EEC) No 1964/87 (5), 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 (6), as last amended by Regulation (EC) No 1740/97 (7), provides for the aid on unginned cotton applicable to each period for which a world market price has been determined to be fixed before 15 July;
Whereas the aid for the 1997/98 marketing year should accordingly be fixed definitively,