Commission Regulation (EC) No 2150/94 of 31 August 1994 fixing, for unginned cotton, the actual production for the 1993/94 marketing year, the estimated production and the provisional reduction in the aid for the 1994/95 marketing year and the amount by which the guide price is to be reduced for the 1995/96 marketing year

COMMISSION REGULATION (EC) No 2150/94 of 31 August 1994 fixing, for unginned cotton, the actual production for the 1993/94 marketing year, the estimated production and the provisional reduction in the aid for the 1994/95 marketing year and the  amount by which the guide price is to be reduced 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 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 1554/93 (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 of the quantities for which the aid has been applied for; whereas the application of that  criterion gives the actual production for the 1993/94 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 1994/95  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 1553/93 (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; whereas, however, the reduction in aid for the 1994/95 marketing year is limited to 20  % 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 7 %; whereas the application of the abovementioned provisions leads to the fixing of a reduction in the aid  for the 1994/95 marketing year and a reduction of the guide price for 1995/96 as indicated below;
Whereas the Council recently undertook to reduce the maximum percentage reduction in the aid from 20 % to 18,5 %; whereas, pending formal amendment of the maximum percentage reduction, the reduction for 1994/95 should be fixed provisionally on the basis  of the existing maximum reduction; whereas the carryover of the reduction for 1995/96 can, on the other hand, be fixed definitively, having regard to the extent by which the maximum guaranteed quantity is exceeded;
Whereas this Regulation is in accordance with the opinion of the Management Committee for Flax and Hemp,