CONFIDENTIAL
05552
MDLOAN 349.
MEANS ARTICLES 4 TO 7) IT DOES AT PRESENT EXTEND TO HONG KONG.
INSOFAR AS THIS ORDER AMENDS SI 1946/36, IT WILL FALL AWAY WITH THAT ORDER. THUS, WE AGREE THAT YOU NEED DO NOTHING ABOUT SI
1997/825.
.
(D) WE DO NOT UNDERSTAND THIS. OF THE PERSONS MENTIONED IN
SECTION 8 OF ARTICLE IX OF THE SECOND AMENDMENT TO THE ARTICLES
OF AGREEMENT OF THE IMF ALL ARE COVERED BY ARTICLE 5 OF SI 1997/825, EXCEPT FOR OFFICERS AND EMPLOYEES OF THE FUND WHO ARE COVERED BY ARTICLE 6 OF THE ORDER: THUS, SECTION 8 OF ARTICLE IX OF THE SECOND AMENDMENT IS GIVEN EFFECT PARTLY BY ARTICLE 5, AND PARTLY BY ARTICLE 6, OF SI 1977/825. ARTICLE 7 OF SI 1977/825 PROVIDES THAT THE COUNCILLORS, ETC, ON THE COUNCIL REFERRED TO IN SCHEDULE D OF THE SECOND AMENDMENT TO THE ARTICLES OF AGREEMENT
ARE ENTITLED TO CERTAIN PRIVILEGES AND IMMUNITIES: IT THUS
RELATES TO AN ENTIRELY DIFFERENT MATTER.
(E) WE HAVE NO STRONG VIEWS, BUT THE PHRASE CONCERNED SEEMS SUPERFLUOUS, INDEED POINTLESS, AND WE WOULD HAVE THOUGHT IT WAS
BEST OMITTED.
HURD
YYYY
ΜΑΙΝ
27
LIMITED
HKD
ERD
PS/MR MAUDE
MR GILLMORE
MR MCLAREN
MR CARRICK
NNNN
DISTRIBUTION
27
ADDIDIONAL
MR WHOMERSLEY, LEGAL ADVISERS MS BARRETT, LEGAL ADVISERS MR FIFOOT, LEGAL ADVISERS
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