1. 9. 94 Official Journal of the European Communities No L 228/31 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 ('), as last amended by Regulation (EEC) No 1554/93 (¥, 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 produc- tion 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 esti- mated 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 (%), as last amended by Regula- tion (EEC) No 1553/93 (*), where the maximum guaran- teed 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 reduc- tion in aid for the 1994/95 marketing year is limited to 20 % of the guide price but any reduction exceeding that () OJ No L 211, 31. 7. 1981, p. 2. () O] No L 154, 25. 6. 1993, p. 23. () OJ No L 184, 3. 7. 1987, p. 14. () O) No L 154, 25. 6. 1993, p. 21. 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, HAS ADOPTED THIS REGULATION : Article 1 1. For the 1993/94 marketing year, actual production of unginned cotton is hereby determined at 1084 559 tonnes. 2. For the 1994/95 marketing year: — the estimated production is hereby fixed at 1 170 070 tonnes, — the provisional reduction in the amount of the aid is hereby fixed at ECU 25,365 per 100 kilograms. 3. For the 1995/96 marketing year, the guide price shall be reduced by ECU 7,102 per 100 kilograms. Article 2 This Regulation shall enter into force on 1 September 1994.