97%

OCT 21 '98 10:47 UKDEL

120793 11:39

F.

202 823 8541

IMF LEGAL

2003/004

2

Fourth last line

Replace "assist the Hong Kong Government in" with

"and".

Second last line

·

Amend as set forth in the Memorandum" to read "to

be set forth in a Memorandum"

Hong Kong Letter

Should be addressed to the United Kingdom.

Page 1, second paragraph, line 4 - Amend "the Hong Kong Monetary

Authority" to read "its Hong Kong Monetary Authority".

Fourth last line Replace "as set" with "to be set".

Page 2, at paragraph

Delete. If not possible, insert after

"Furthermore" the phrase "before July 1, 1997".

Memorandum of Understanding

Begin with the phrase "With reference to the invitation of the People's

Republic of China, supported by the Government of the United Kingdom, to

hold the 1997 Armual Meetigns of the World Bank Group and the International

Monetary Fund in Hong Kong,"; delete the words "of the Boards of Governors

of the Organizations in Hong Kong." at the end of the preamble.

*

Page 2, first paragraph, line 3 Substitute "through June 30" for

"until July 1".

Page 3, paragraph 4(b)

-

The responsibility of Hong Kong to issue visas

before July 1, 1997 needs to be checked with the United Kingdom; the two

sets of brackets should remain for the time being.

Page 3, paragraph 4(c) Amend to read: "The Organizations note that

unexpired visas issued by the Hong Kong Government before July 1, 1997 in

connection with the 1997 Annual Meetings shall be promptly replaced by the

202 623 6541

10-20-93 10:44AM F003 #21

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