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.