TNAG-2028-FCO40-2890-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 155

Payments from "Iraqi Accounts"

11. The Financial Secretary will consider applications to

debit "Iraqi Accounts" for the following purpo8051-

(a)

(b)

(C)

(d)

living, medical, educational and similar expenses of residents of Iraq in Hong Kong. Payments Lo meet travel expenditure by residents of Iraq leaving Hong Kong will also be considered. For all of these purposes, reasonable amounts will normally be permitted;

payments in respect of goods which have been shipped or otherwise despatched to Hong Kong. Production of any necessary import licence and evidence of shipment or despatch will be required;

payments to reimburse Hong Kong authorized institutions who have made payments in respect of Iraq trade under irrevocable letters of

payments for charitable purposes.

red.;

12. For the time being, permission will not normally be given for "Iraqi Accounts" to be debited for the following purposes:→

(a)

(b)

(C)

(d)

payments to other "Traqi Accounts";

payment of interest, or repayment of capital, borrowings by residents of Iraq;

payments in connection with the operations of vessels and aircraft owned by, or on charter residents of Iraq;

payment of insurance premiums.

13. Permission is hereby given for the payment from "Iraqi

Accounts Of

(a)

bi

charges to authorized institutions in Hong Kong;

sums due pursuant to the Inland Revenue Ordinance and the Dutiable Commodities Ordinance, provided no overdraft is thereby created on an Traci Account";

P.12