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278 Bank or the Surinamsche Bank as laid down above; nor will any request be made for the conversion of these currencies into gold. (2) If the two contracting Governments agree to change the official rate of exchange between the Curagao or Surinam guilder and the pound sterling, the amount of guilders to be paid by the Bank of England in respect of the sterling held by the Curagaosche Bank or the Surinamsche Bank shall be calculated at the rate in force when the sterling was acquired. A similar arrangement shall apply to Curacao or Surinam guilders held by the Bank of England.

Article 6 (1) The sterling held by the Curagaosche Bank and the Surinamsche Bank may be used to pay for all expenditure in sterling in the sterling area, that is to say, in any part of His Majesty's Dominions (except Canada, Newfoundland and Hong Kong), any territory in respect of which a mandate on behalf of the League of Nations has been accepted by His Majesty and is being exercised by His Majesty's Government in the United Kingdom or in any Dominion, any British Protectorate or protected State, Egypt, the Anglo-Egyptian Sudan and Iraq. (2) The Curagao and Surinam guilders held by the Bank of England may be used to pay for all expenditure in guilders in Curagao and Surinam. Article 7 The Curagaosche Bank and the Surinamsche Bank and the Bank of England will, if necessary, provide against pounds sterling or against guilders, the local currencies needed for all payments in ,the Netherlands Kingdom or in the sterling area respectively. Article 8 The present Agreement shall remain in force for the whole duration of the war and for a period of six months after the signature of the Treaty of Peace. In witness whereof the undersigned, duly authorsed thereto by their respective Governments, have signed the present Agreement. DONE

in duplicate in London the 25th day of July, 1940, in English. DE GEER

Kingsley

No. 20

WOOD