No L 241/104 Official Journal of the European Communities 1. 9. 88 COMMISSION REGULATION (EEC) No 2727/88 ' of 31 August 1988 fixing, for unginned cotton, the actual production for the 1987/88 marketing year and the estimated production, the adjustment in the maximum guaranteed quantity, and the reduction in the aid for the 1988/89 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 ('), as last amended by Regulation (EEC) No 2261/88 (3, 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 1987/88 marketing year indicated below; Whereas Article 8 of Regulation (EEC) No 2169/81 provides that the estimated production of cotton must be established at the beginning of each marketing year; whereas, on the basis of the figures available, the estimated production for the 1988/89 marketing year should be fixed at the figure given below; Whereas the third subparagraph of Article 2 (2) of Council Regulation (EEC) No 1964/87 of 2 July 1987 adjusting the system of aid for cotton introduced by Protocol No 4 annexed to the Act of Accession of Greece () provides that if the actual production in a given marketing year exceeds the estimated production for that year, the maximum guaranteed quantity for the following marketing year must be adjusted to take account of the amount of the aid which would have been paid ; whereas the actual production in the 1987/88 marketing year exceeds the estimated production, established by Commission Regulation (EEC) No 2619/87 (*); whereas the quantity which must be used to determine the maximum guaranteed quantity fixed, for the 1988/89 marketing year, by Council Regulation (EEC) No 2260/88 (%) should be fixed ; Whereas, pursuant to Article 7 (2) of Regulation (EEC) No 2169/81, where the maximum guaranteed quantity is () OJ No L 211, 31. 7. 1981, p. 2. () O] No L 199, 26. 7. 1988, p. 8. () OJ No L 184, 3. 7. 1987, p. 14. () O No L 248, 1. 9. 1987, p. 18. () OJ No L 199, 26. 7. 1988, p. 7. 2. For the 1988/89 marketing year: exceeded by the estimated production, the aid should be - reduced in accordance with the criteria laid down in that paragraph ; whereas the estimated production for -the 1988/89 marketing year exceeds the maximum guaranteed quantity fixed for that year, as given after the adjustment carried out pursuant to the third subparagraph of Article 2 (2) of Regulation (EEC) No 1964/87 ; whereas the application of the abovementioned provisions leads to the fixing of a reduction in the aid equal to that indicated below ; Whereas, pursuant to the second subparagraph of Atrticle 2 (2) of Regulation (EEC) No 1964/87, for the 1987/88, 1988/89 and 1989/90 marketing years the reduction in the amount of the aid may not exceed the percentages of the guide price laid down; Whereas this Regulation is in accordance with the opinion of the Management Committee for Flax and Hemp, . HAS ADOPTED THIS REGULATION : Article 1 " 1. For the 1987/88 marketing year, actual production of unginned cotton is hereby determined at 875 608 tonnes. ‘ . - — the estimated production is hereby fixed at 1 086 902 tonnes, — the maximum guaranteed quantity fixed by Regulation (EEC) No 2260/88 is hereby reduced by 46 758 tonnes, — the reduction in the amount of the aid is hereby fixed at 19,200 ECU per 100 kilograms. : Article 2 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply with effect from 1 September 1988.