TNAG-0241-FCO40-277-Agreements-under-GATT-long-term-arrangements-for-exporting-o-1970 — Page 53

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The Hong Kong Director, Commerce and Industry Department, to the American Consul-General

TELEGRAPHIC ADDRESS:-

"CANDIHONG" HONG KONG

COMMERCE & INDUSTRY DEPAKTMENT

TIRE BRIGADE BUILDING,

HONG KONG.

OUR REF.: CR. 5905/66

SIR,

26th August, 1966.

I refer to your note of 26th August, 1966, proposing an Agreement between the Governments of the United States of America and Hong Kong under Article 4 of the Long Term Arrangements Regarding International Trade in Cotton Textiles and confirm that it is accept- able to my Government.

Accept, Sir, the renewed assurances of any high consideration.

DR HOLMES

(D. R. Holmes) Director of Commerce and Industry

Mr. E. E. RICE,

Consul-General,

American Consulate General,

26 Garden Road,

Hong Kong

The American Consul-General to the Hong Kong Director, Commerce and

Industry Departmení

AMERICAN Consulate Generat,

No. 38

HONG KONG, B.C.C.,

August 26 1966.

SIR:

I refer to the Agreement between our two Governments concerning trade in cotton textiles signed today and confirm my Government's understanding with respect to the exports of cotton textiles that are to be counted against the limitations in the Agreemen

In view of the special circumstances discussed by the representatives of our two Governments during the negotiations from which th Agreement resulted, the Government of the United States of Ameri agrees that during the first year of the Agreement only,

(i) the Government of Hong Kong shall have the lion of

permitting "swing" transfer freely between categoria 15. 16. 18, 19. 23, 24, and 25 provided that the mesitum export in any one of thest catego, is abil not exc. 12 miltion yards; and