G.F. 323
0003230
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CONFIDENTIAL ##
MINISTER
TREASURY
OF STATE
(c) overdrafts and short term advances in sterling must be netted against official sterling reserves and total official external reserves. Overdrafts and short-term advances in other currencies must be netted against total
official external reserves.
Notification of average rate
7. The Bank of England will at the end of each month advise the Government of Hong Kong, or its agent, of the cumulative
average rate.
Entry into effect and duration
8. The provisions of this Declaration will come into effect
on 25 September 1973 and will remain in effect until 31 March 1974, unless extended with or without modifications for a further period.
3chn
Made at London this eleventh day of September 1973
For the Government of the United Kingdom of Great Britain and
Northern Ireland:
CONFIDENTIAL ##
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