0.
SECRET
FOURTHLY IF WE ESTAPLISH A NEW AGREEMENT TO BE EFFECTIVE FROM WE I'M OF THE PERIOD OF FLOATHS, I PROPOSE THAT THE GUARANTEE
SULD DE RELATED TO THE NEW FIXED PARITY FOR STERLING. IF THE
FERENT WERE TO BECOME EFFECTIVE WITTLE FLOATING STILL CONTINUED, PROVISIONS TO COVER THIS WOULD ALSO NEED TO BE INCLUDED.
ABOUT
13. I REALISE, OF COURSE, THAT YOU WILL WISH TO DISCUSS. FURTHER THE POINTS WHICH YOU HAVE ALREADY RAISED WITH ME
THE LEVEL AT WHICH THE GUARANTEE UNDER THE EXISTING AGREEMENT
SHOULD OPERATE FOLLOWING. THE REALIGNMENT OF LAST DECEMBER, ALTHOUGH I STILL FEEL THAT IT WOULD NOT HAVE BEEN APPROPRIATE TO CHANGE THE ORIGINAL AGREEMENT IN THE SENSE WHICH YOU SUGGESTED, WE SHALL BE PREPARED TO DISCUSS THE PROBLEM WITH YOU WITH A VIEW
TO FINDING A SETTLEMENT WHICH WILL BE EQUITABLE AND ACCEPTABLE TO US BOTH.
11. I SHALL BE CONSULTING YOU VERY SHORTLY ABOUT DATES FOR A
VISIT BY REPRESENTATIVES OF THE TREASURY AND BANK OF ENGLAND.
EDS.
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