Article 1 
Member States shall use the amounts set out in the Annex to make additional payments, according to objective criteria, to support producers' incomes or the beef and veal sector in their territory, provided that these payments do not cause distortion of competition.
Article 2 
1. The measures introduced by Article 1 of this Regulation shall be deemed to be intervention intended to stabilize agricultural markets within the meaning of Article 3 (1) of Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy ( 3 ) . 2. The Community shall finance the expenditure incurred by Member States in relation to the payments referred to in Article 1 only where such payments are made by them by 15 October 1997 at the latest.
Article 3 
The conversion rate to be applied shall be the agricultural rate valid on 1 December 1996.
Article 4 
Any detailed rules necessary for the application of this Regulation shall be adopted in accordance with the procedure set out in Article 27 of Council Regulation (EEC) No 805/68 of 27 June 1968 on the common organization of the market in beef and veal ( 4 ) .
Article 5 
This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities . It shall not be applicable before the day the general budget of the European Communities for the financial year 1997 has been declared as finally adopted. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1996. For the Council The President I. YATES This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 17 December 1996. For the Council The President I. YATES For the Council The President I. YATES