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CONFIDENTIAL

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Annex C

(e) If the amounts to be deducted in accordance

with sub-paragraph (d) exceed the quantities

to be credited in accordance with sub-paragraph

(c) the Government of Hong Kong will deduct such

excesses from the reserves shown in Annex C to the

extent of such reserves.

(f) In December, 1967 and at the beginning of July,

1968 the Government of Hong Kong will consult

with the Benelux Governments to review the

ancunts that may have been, or remain to be,

credited and deducted. After the consultations

in July, 1968 the Government of Hong Kong will

make any balances still in the reserves

available to the trade.

7.

If the Benelux Governments inform the Government of Hong

Kong that, as a direct result of the operation of the undertakings,

there have been difficulties about maintaining established

business relations between Benelux importers and Hong Kong suppliers,

the Government of Hong Kong will endeavour, as far as possible, to

assist in overcoming such difficulties.

The Government of Hong Kong will provide the Benelux

Governments with fortnightly statistics on exports of the products

8*

listed in Annex A.

9.

The Government of Hong Kong will consult the Benelux

Governments on any matters arising out of these undertakings in

addition to those referred to in paragraph 6 of this Memorandum.

10.

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At the request of

CONFIDENTIAL

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