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334 time assigned to it by the exchange control regulations in force in the United Kingdom. (ii) The expression "the Netherlands Monetary Area" shall include the following territories:Netherlands Territory in Europe (the Netherlands), Islands of the Netherlands Archipelago in Asia (Netherlands Indies), and Territories of Curagao and Surinam. (iii) Transactions between the Bank of England and De Nederlandsche Bank are to be considered as transactions between the sterling area and the Netherlands Monetary Area. (iv) Transactions entered into, by the Government of any territory included in ond of the two areas defined above shall be regarded as transactions entered into by a resident of the said area. Article 10 While the Anglo-Netherlands Agreement of the 14th June, 1940' con-

tinues in force, the provision of the present Agreement shall not modify the arrangements set out in that Agreement for payments between the sterling area and the Netherlands Indies. On the expiry or abrogation of that Agreement the Contracting Parties will review the terms of the present Agreement with a view to making any amendment that may be required. Meanwhile, sterling balances which have already accrued or may hereafter accrue under the terms of the 1940 Agreement mentioned above and which are at the disposal of residents of the Netherlands Indies shall be available in accordance with the provisions of Article 5 (i) of the present Agreement.

Article 11 Upon the signature of the present Agreement, the Anglo-Netherlands Agreement (Curagao and Surinam) of the 25th July, 1940,2 shall be abrogated and the balances which have accrued thereunder shall be available in accordance with the provisions of Article 5 (i) of the present Agreement. Article 12 The present Agreement, which shall be subject to review and adjustment after mutual consultation, especially in connection with the operation of Article SSee page 251 of this Volume. See page 275 of this Volume.

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