Foreign and Commonwealth Office London SW1
them PA
Telephone 01-
36 A
11. Crounds.
حمالله اللحمى ا
n. Walks y
note
A Hackay Esq CMG
Financial and Development Secretary Gibraltar
HK 3
Your reference
Starking 1-62
Our reference KF 9/501/1
Date
22 March 1974
Dear Financial Senetary
· STERLING GUARANTEES
REOFI REGIS
5 APK 19/4
1.
With reference to FCO telegrams nos 33 to you and 4 Saving to Grand Turk, (both of 20 March and neither to all) I enclose a copy of the memorandum on the Effective Exchange Rate prepared by HH Treasury.
2. I will also take this opportunity of correcting the seemingly inevitable typing and transmission errors in the telegrams:
(a) No 33 to you: the sentence in brackets at the end of para 2 should read ".... during the period of the new arrangements ....";
as soon
(b) No 34 to you: para 5(2) should read " as the amount due has been agreed between the Bank of England and the Crown Agents.";
(c) No 5 Saving to Grand Turk: in para 4(1) the last five words "shall be eligible for guarantee" apply to both part (a) and (b) of para 4(1) (cf FCO tel no 8 Saving to Turks and Caicos Islands of 26 September 1973).
Yours
sinceres Ian hews.
D I Lewty
Financial Relations Department
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