Page:UN Treaty Series - vol 2.pdf/338

330 Article 4 (i) Gold set aside in Amsterdam in accordance with the provisions of Articles 2 and 3 of the present Agreement shall be at the Bank of England's free disposal and may be exported. (ii) Gold set aside in London in accordance with the provisions of Articles 2 and 3 of the present Agreement shall be at De Nederlandsche Bank's free disposal and may be exported. Article 5 (i) The Government of the United Kingdom shall not restrict the availability of sterling at the disposal of residents of the Netherlands Monetary Area for making (a) transfers to other residents of the Netherlands Monetary Area; (b) payments to residents of the sterling area; or (c) transfers to residents of countries outside the Netherlands Monetary Area and the sterling area to the extent to which these may be authorised by the United Kingdom Government under the arrangements contemplated in Article 8 (iii) hereof. (ii) The Royal Netherlands Government shall not restrict the availability of Netherlands guilders at the disposal of residents of the sterling area for making(c) transfers to other residents of the sterling area; (b) payments to residents of the Netherlands Monetary Area; or (c) transfers to residents of countries outside the sterling area and the Netherlands Monetary Area to the extent to which these may be authorised by the Royal Netherlands Government under the arrangements contemplated in Article,8 (iii) hereof. Article 6 The two Contracting Governments shall co-operate with a view to assisting each other in keeping capital transactions within the scope of their respective policies and, in particular, with a view to preventing transfers between their areas which do not serve direct and useful economic or commercial purposes. ?'l.24