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COM.TEX/SB/323 Page 3

8. Where the issue of export authorizations is suspended, Hong Kong may extend the validity of an existing export authorization, for a period not exceeding ninety days, if it is satisfied that the failure to apply for an export licence within the validity period of the export authorization has been caused by circumstances beyond the control of the person to whom the export authorization was issued.

9. Hong Kong and Austria agree to consult, at the request of either party, on any matter arising from the implementation of these arrangements.

10. The Annex to this Memorandum shall be an integral part of it.

For Austria:

(signed) Dr. Rudolf Willenpart

Director

Federal Ministry for Trade,

Commerce and Industry

Vienna, 30 January 1978

For Hong Kong:

(signed)

D.H. Jordan

Director

Trade Industry and Customs

Department

Hong Kong, 17 February 1978

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