Page:UN Treaty Series - vol 2.pdf/284

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No. 20. ANGLO-NETHERLANDS FINANCIAL AGREEMENT (CURACAO AND SURINAM).

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The Royal Netherlands Government and the Government of the United Kingdom of Great Britain and Northern Ireland, considering that it is in their common interest to establish and maintain an official rate of exchange between the Curagao and Surinam guilders and the pound sterling, have agreed as follows:Article 1 The official rate of exchange between the Curagao and Surinam guilders and the pound sterling shall be 7.60 guilders to the pound. No change in such rate will be made without prior agreement between the two contracting Governments. Article 2 The contracting Governments will be solely responsible as regards the quotation of the respective currencies in markets of third countries. But they will always consult together on the policy to be followed in regard to this question and on any intervention which may seem necessary. Article 3 The Bank of England and the Curagaosche Bank and the Surinamsche Bank will sell to one another sterling for guilders and guilders for sterling at the official rate. No limit will be fixed to, the amounts of sterling or guilders to be so purchased. Article 4 The pounds sterling held by the Curagaosche Bank and the Surinamsche Bank, and the Curagao and Surinam guilders held by the Bank of England, shall be invested by the Bank that holds them in agreement with and through the other Bank concerned. Article 5 (1) Neither Government will ask for a gold security nor for any specific security for the currency obtained by the Bank of England or the Cura~aosche