3.12. 94 Official Journal of the European Communities No L 310/15 COMMISSION REGULATION (EC) No 2940/94 of 2 December 1994 fixing the aid for the supply of olive oil products to the Canary Islands under the arrangements provided for in Articles 2 and 3 of Council Regulation (EEC) No 1601/92 THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having .regard to the Treaty estabhshmg the European Community, Having regard to Council Regulation (EEC) No 1601/92 of 15 June 1992 concerning specific measures for the Canary Islands with regard to certain agricultural products ('), as last amended by Commission Regulation (EEC) No 1974/93 (%), and in particular Article 3 (4) thereof, Whereas Annex IX of Commission Regulation (EC) No 2883/94 of 28 November 1994 (%) establishing the forecast supply balance for the Canary Islands for the agricultural products eligible for the special arrangements provided for in Articles 2 to 5 of Commission Regulation (EEC) No 1601/92 fixes for the period 1 November 1994 to 30 June 1995 the quantities of olive oil products which may benefit from the supply arrangements, by means of either an exemption from the import levy or the granting of aid, pursuant to Article 3 of Regulation (EEC) No 1601/92; Whereas, under Article 3 of Regulation (EEC) No 1601/92, coverage of the olive oil requirements of the Canary Islands is to be ensured, in terms of quantity, price and quality, on terms equivalent to the advantage resulting from exemption from import duties by the mobilization of Community olive oil, which implies the grant of aid for such deliveries ; whereas that aid must be fixed with reference, in particular, to the costs of various sources of supply and the prices applied to exports to third countries ; whereas these objectives involve varying the rate of aid in accordance with the type of product ; Whereas the common detailed rules for implementation of the arrangements for the supply of certain agricultural products to the Canary Islands are laid down by Commis- sion Regulation (EC) No 2790/94 (%), as amended by Regulation (EC) No 2883/94; whereas that Regulation defines new detailed rules for the management of the arrangements, in particular, for the issue and period of () OJ No L 173, 27. 6. 1992, p. 13. () OJ No L 180, 23. 7. 1993, p. 26. () OJ No L 304, 29. 11. 1994, p. 18. (9 OJ No L 296, 17. 11. 1994, p. 23. validity of licences and certificates, the payment of aid and the monitoring and control of commercial operations carried out under the specific arrangements; whereas - those provisions replace the detailed rules laid down by Commission Regulation (EEC) No 1695/92 (%), as last amended by Regulation (EEC) No 2596/93 (¢), and apply in the various market sectors from 1 December 1994; Whereas, therefore, Commission Regulation (EEC) No 2025/92 of 22 July 1992 on detailed rules for the applica- tion of the specific supply measures for the Canary Islands as regards olive oil and establishing the forecast supply balance (), as last amended by Regulation (EC) No 2662/94 (%), should be repealed from the same date; Whereas the provisions of this Regulation should take effect on the date of entry into force of the Regulations laying down the common detailed rules for implementa- tion of the arrangements and establishing the supply balance ; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Oils and Fats, HAS ADOPTED THIS REGULATION : Article 1 For the purposes of Article 3 (2) of Regulation (EEC) No 1601/92, the aid for the supply of olive oil from the Community to the Canary Islands in accordance with the forecast supply balance established by Regulation (EC) No 2883/94 shall be equal, for each type of oil: — to the average of the maximum export refund amounts set by tendering procedure for oil in small containers in the course of the month preceding that of submission of the certificate appllcatlon, plus ECU 1 per 100 kg; or () OJ No L 179, 1. 7. 1992, p. 1. (9) OJ No L 238, 23. 9. 1993, p. 24. () OJ No L 207, 23. 7. 1992, p. 15. () OJ No L 284, 1. 11. 1994, p. 33.