CONFIDENTIAL
Moreover, the new arrangements provide that parti- cipants whose reserves rise are not required to increase the level of their holdings of sterling to more than they were obliged to hold when the old Agreements expired."
2 November 1973
Copied to:
Mr Hollandˆ'
(
Mr Stuart (HKIOD)
Mr Aust (Legal Advisers)
Dineroty
D I Lewty
Financial Relations Department
M
CONFIDENTIAL
}
2.