such bonds or interim receipts, to make advance redemption at
par and accrued interest, of a corresponding amount of bonds
wanted hereunder and held by the United States.
10. Cancellation and Surrender of Demand Obligations.
Upon the delivery to the United States of the $4,600,000,000
principal amount of bonds proposed to be issued hereunder, the
United States will cancel and surrender to Great Britain through
the British Ambassador at Washington, or his representative,
1 the Treasury of the United States in Washington, the
demand obligations of Great Britain in the principal amount
A ©4 074.818.358.44 described in the preamble to this Proposal.
11. Notices.
Any notice, request or consent under the hand of the Secretary
of the Treasury of the United States shall be deemed and taken
as the notice request or consent of the United States, and shall
be sufficient if delivered at the British Embassy at Washington
or at the office of the Permanent Secretary of the British
Treasury in London; and any notice, request, or election from
or by Great Britain shall be sufficient if delivered to the American
Embassy in London or to the Secretary of the Treasury of the
United States -at the Treasury of the United States in
Washington. The United States in its discretion may waive
any notice required hereunder, but any such waiver shall be in
writing and shall not extend to or affect any subsequent notice
or impair any right of the United States to require notice here-
ander.
Signed on behalf of the Tords Commissioners of His
Majesty's Treasury this eighteenth day of June, 1923.
A. C. GEDDES,
His Britannic Majesty's Ambassador
Fxtraordinary and Plenipotentiary.
Washington.