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BE PAID FOR THE LAWFUL DEPRIATION OF PROPERTY FOR PUBLIC PURPOSES.
3. UNDER THE GATT THERE IS PROVISION FOR PARTS OF COUNTRIES WHICH ARE SEPARATE CUSTOMS TERRITORIES TO BELONG IN THEIR OWN RIGHT TO THE GATT. THIS PART OF THE ANNEX CONSEQUENTLY PROVIDES FOR THE SAR TO BE SUCH A SEPARATE CUSTOMS TERRITORY, AS WELL AS SPECIFICALLY PROVIDING FOR ITS MEMBERSHIP OF SUCH
INTERNATIONAL ORGANISATIONS.
4.
THE SAR WILL BE ABLE TO MAINTAIN ITS OWN ECONOMIC AND TRADE MISSIONS ABROAD, AND WILL REPORT THE ESTABLISHMENT OF SUCH MISSIONS TO THE CENTRAL PEOPLE'S GOVERNEMNT. THERE IS NO REQUIREMENT TO SEEK THE PRIOR APPROVAL OF THE CENTRAL GOVERNMENT.
5. A SEPARATE SECTION OF THE ANNEX DEALS WITH THE SAR'S EXTERNAL RELATIONS.
(F) MONETARY SYSTEM
1. THE MAIN PURPOSE OF THIS PART OF THE ANNEX IS TO PROVIDE FOR CONTINIITY OF THE PRESENT MONETARY AND FINANCIAL SYSTEMS OF HONG KONG UNDER THE SAR. IT IS LARGELY SELF EXPLANATORY. THE ONLY CHANGE CONTEMPLATED BY THE ANNEX IS THE PROGRESSIVE REPLACEMENT OF NOTES AND COINS WHICH REFLECT HONG KONG'S PRESENT STATUS AS A DEPENDENT TERRITORY OF THE UK BY DESIGNS MORE APPROPRIATE TO THE SAR. THE FREE CONVERTIBILITY OF THE CURRENCY
IS GUARANTEED.
2.
THE SECTION OF THE ANNEX ON EXTERNAL RELATIONS MAKES PROVISION FOR CONTINUED PARTICIPATION BY THE SAR IN APPROPRIATE WAYS IN INTERNATIONAL ORGANISATIONS AND CONFERENCES CONCERED WITH FINANCIAL AND MONETARY QUESTIONS. IT IS ENVISAGED THAT THESE WILL INCLUDE ORGANISATIONS SUCH AS THE ASIAN DEVELOPMENT BANK, AND THE ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PACIFIC. (G) SHIPPING
1.
THIS PART OF THE ANNEX PROVIDES FOR THE SAR TO MAINTAIN AN INDEPENDENT SHIPPING REGISTER, AND FOR PRIVATE SHIPPING AND CONTAINER BUSINESSES TO CONTINUE TO OPERATE AS THEY DO NOW. THE SAR WILL HAVE AUTONOMY IN MANAGING SHIPPING BUSINESS, AND ALL SHIPS, EXCEPT FOREIGN WARSHIPS (FOR WHICH THE AGREEMENT OF THE
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