TNAG-0241-FCO40-277-Agreements-under-GATT-long-term-arrangements-for-exporting-o-1970 — Page 56

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Hong Kong Director, Commerce and Industry Department, to the

American Consul-General

TELEGRAPHIC ADDRESS:-

"CANDIHONG" HONG KONG

OUR REF.: CR. 5905/66

SIR,

COMMERCE & INDUSTRY DEPARTMENT, FIRE BRIGADE BUILDINO,

HONG KONG,

26th ÂUGUST, 1966.

I refer to your note of 26th August, 1966, concerning permitted swing transfers and exports of cotton textiles which, during the first year of the Agreement, shall not be counted against the limitations of the Agreement.

2. As requested in paragraph 3 of your note, I confirm that your Government's understanding regarding these matters accords with the understanding of the Government of Hong Kong.

3. Accept, Sir, the renewed assurances of my 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.

TIAS 6088

U.S. GOVERNMENT PRINTING OFFICE:1966