No L 187/26 Official Journal of the European Communities 29.7.93 COMMISSION REGULATION (EEC) No 2065/93 of 27 July 1993 determining, for tobacco from the 1992 harvest, the quantity actually produced and the prices and premiums payable under the system of maximum guaranteed quantities THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 727/70 of 21 April 1970 on the common organization of the market in raw tobacco ('), as last amended by Regulation (EEC) No 860/92 (3, and in particular Article 4 (5) thereof, Having regard to Commission Regulation (EEC) No 2824/88 of 13 September 1988 laying down certain detailed rules for the application of the system of maximum guaranteed quantities in the tobacco sector and amending Regulations (EEC) No 1076/78 and (EEC) No 1726/70 (}), as last amended by Regulation (EEC) No 2907/92 (%), and in particular Articles 1 and 2 (4) thereof, : Whereas Regulation (EEG) No 727/70 provides for a system of maximum guaranteed quantites; whereas that system provides in particular that where the quantities fixede for a variety or a group of varieties are -exceeded, the prices and premiums concerned must be reduced in accordance with Article 4 (5) of that Regulation; Whereas Regulation (EEC) No 2824/88 lays down that, before 31 July of the year following that of harvest, the Commission must, for each of the varieties or groups of varieties of tobacco for which a maximum guaranteed quantity has been fixed, determine in particular on the basis of the figures notified by the Member States, the quantity actually produced which, if exceeded, causes the prices and premiums for the variety or group of varities concerned to be reduced by 1 % for each 1 % by which the maximum guaranteed quantity is exceeded ; whereas when that occurs the norm price is reduced by an amount equal to the reduction in the premium ; whereas in the case of the 1992 harvest. the maximum reduction allowed is 23 % ; Whereas Council Regulations (EEC) No 861/92(°) and (EEC) No 2062/92(% fix, inter alia, the maximum guaranteed quantities of leaf tobacco, and the prices and premiums, respectively, for the 1992 harvest; () OJ No L 94, 28. 4. 1970, p. 1. () OJ No L 91, 7. 4. 1992, p. 1. () OJ No L 254, 14. 9. 1988, p. 9. () OJ No L 291, 7. 10. 1992, p. 6. () OJ No L 91, 7. 4. 1992, p. 2. (9 OJ No L 215, 30. 7. 1992, p. 22. Whereas on the basis of the figures available the quanti- ties actually produced in respect of the 1992 harvest are those set out below ; whereas the prices and premiums for - that harvest should accordingly be adjusted as shown below ; ' Whereas Article 1 (1) of Commission Regulation (EEC) No 1768/93 of 30 June 1993 laying down the prices, premiums and supplementary amounts fixed in ecus in the raw tobacco sector and reduced as a result of mone- tary realignments () states that the prices must be divided by 1,013088 if the operative event for the agricultural conversion rate occurs with effect from 1 July 1993, whereas, for the sake of clarity, the prices should be esta- blished with or without application of the reducting coef- ficient ; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Tobacco, HAS ADOPTED THIS REGULATION : Article 1 1. For the 1992 harvest the actual production of each variety or group of varieties of tobacco and the overrun of the maximum guaranteed quantities fixed by Regulation (EEC) No 861/92 shall be those set out in Annex I to this Regulation. 2. For the 1992 harvest the norm and intervention prices and the amounts of the premium granted to purchasers of leaf tobacco, as referred to in Articles 2 and 3 of Regulation (EEC) No 727/70, and the derived inter- vention prices for baled tobacco, as referred to in Article 6 of the said Regulation, which are payable under the system of maximum -guaranteed quantities, shall be as set out in Annex II to this Regulation. Article 2 This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities. () OJ No L 162, 3. 7. 1993, p. 8.