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நகம்
2.
For Bond Lasued for poriods of loss than coven years, under the termo of sub-paragraph (viii), this scale chall be applied to the appropriate current rate for loans from the National Loang" Funder liù time of vain & in bonis)
The principal, amount to bo repaid shall be Do calculated'. taking account of interont alrendy paid and accrued from the date of the last interest payment to the date of redemption, at the coupon rate, as to reduce the overall interest from the date of issue to the date of redemption to that which would have been paid at the In the case of Bonds appropriate rate on the scale. issued in replacement of those prematurely redeemed, and subsequently prematurely redeemed for a second time, the appropriate rate on the scale applicable to such Bonds shall be calculated from the date of issue of the original Bond.
I
(xi) The Bonds will be held, free of charge, at the Bank of
England in a special security account in the name of the Crown Agents for Overseas Governments end Administrations and the Bank of England undertake to present the Bonds for. payment on the maturity date or for redemption prior to maturity. Payment of interest. and the repayment of the principal amount will be made
·without deduction for United Kingdom taxes, present or future.
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(xii). The arrangements set out above may be reviewed in whole
or in part at the request of either side in the light of any important developments having a bearing on their operation: 'it is understood that any significant change (leaving aside temporary fluctuations) in the total sterling assets of the Colony or any change in the parity of the pound sterling or the Hong Kong dollar would be
The arrangements regarded as a development of this kind.
set out above shall in any case be reviewed in December 1969 if the Government of Hong Kong so requests.
In the event of a change either in the parity of sterling Or in the exchange parities of the world's major currencies or of a significant number of them including sterling, I would expect you to recommend to me what decision you considered would be most appropriate in the best interests of Hong Kong for the fixing of the parity of the Hong Kong dollar. Subject to the extent to which it would be necebahry for Her Majesty's Ğovernment to obtain the
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