TNAG-0382-FCO40-428-Sterling-assets-and-balance-of-payments-of-Hong-Kong-1974 — Page 95

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機密

CONFIDENTIAL ##

MINISTER

TREASURY

OF STATE

(c) overdrafts and short term advances in sterling must be netted against official sterling reserves and total official external reserves. Overdrafts and short-term advances in other currencies must be netted against total

official external reserves.

Notification of average rate

7. The Bank of England will at the end of each 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 remain in effect until 31 March 1974, unless extended with or without modifications for a further period.

3chn

Made at London this eleventh day of September 1973

For the Government of the United Kingdom of Great Britain and

Northern Ireland:

CONFIDENTIAL ##

機密