CYPHER/CAT A
FM HONG KONG 318682Z
CONFIDENTIAL
ORWELL
CONFIDENTIAL
TO ROUTINE F C O TELNO 129 OF 31ST JANUARY, 1973.
YOUR TELEGRAM NUMBER 88.
STERLING GUARANTEE AGREEMENT.
T
13
PA
2
21/55
I SHOULD BE GRATEFUL FOR CLARIFICATION ON TWO POINTS ABOUT THE
SPECIAL ACCOUNT ARRANGEMENT:
2.
(A) COULD WE DRAW ON THE BALANCES IN THE SPECIAL ACCOUNT FROM TIME
TO TIME SHOULD WE WISH TO DO SO?
(B) WILL THE RATE OF INTEREST PAYABLE BE NOT LESS THAT THE MONEY
EMPLOYED RATE?
ALTHOUGH YOU DO NOT SPECIFICALLY SAY SO IN TELEGRAM 1945
OF 22ND NOVEMBER LAST, PRESUMABLY GUARANTEE PAYMENTS TO AN ACCOUNT OTHER THAN A SPECIAL ACCOUNT WOULD BE COUNTED AS PART OF OUR T.O.E.R.
MACLEHOSE
ORWELL DISTRIBUTION
FRO HK10D
CONFIDENTIAL
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