TNAG-0374-FCO40-420-Discussions-with-Sir-Murray-MacLehose--Governor-of-Hong-Kong-1973 — Page 32

MINISTLA

OF

OF STATE

(c) overdrafts and short term advances in sterling must be netted against official oterling reserves and total official external regerv@D. Overdrafts and short term advances

in other currencies must be netted agninat tobul

official external reserves.

Notification of average rate

7. The Bank of England will at the end of cach month advise the Government of Hong Kong, or its agent, of the cumulative average rate.

Entry into effect and duration

8.

The provisions of this Declaration will come into effect on 25 September 1973 and will romain in effect until 31 March 1974, unless extended with or without modifications for a further period

Made at London this eleventh day of September 1973

For the Government of the United Kingdom of Great Britain and

Northern Ireland:

CONFIDENTIAL