| Description | Draft speaking notes for Basle agreement renewal. Chancellor's message to be delivered, 4 March 1971. Overseas responses. Special meeting of Basle Governors agree in principle to renew 2bn dollar facility for two years from September 1971. Malaysia and Singapore float ideas of change in nature of guarantee. Discussions with European Economic Community (EEC), including Chancellor's message to Overseas Sterling Area (OSA) on that subject (copy sent by Deputy Governor to central banks). |