제16445호                              관                 보              2007. 2.16. (금요일)
   may be made by the prior written                  Korea, I have further the honor to propose
   notice of the Ministry of Finance to the          that the present Note and your reply
   Bank.                                             thereto constitute an Agreement between

 (3) T h e L o a n s h a l l b e de nom i nat e d    the two Governments which shall enter into

   in Korean Won. The amount of the                  force on the date of your reply.

   Loan denominated inKorean Won shall                   Please accept the assurances of my

   not exc e e d t h e e q u iva le nt of t wo       highest consideration.

   million seven hundred thousand US                                                      Li Yong
                                                                          Vice Minister of Finance
   D ol la r s(US$2,700,000) a n d sh a l l b e
                                                                       People’s Republic of China
   fixed at the average of the telegraphic
                                                                   (Korean Reply Note)
   transfer selling rates of Korean Won
                                                                          Beijing, February 1,2007
   against US Dollar as quoted by the
                                                     His Excellency
   Bank during the one month period from
                                                     Li Yong
   the 16th day of two months prior to
                                                     Vice Minister of Finance
   the month when the first procurement
                                                     People’s Republic of China
   contract is signed, to the 15th day of
                                                     Excellency,
   one month prior thereto, in accordance
                                                         I have the honor to acknowledge the
   with a loan agreement to be concluded
                                                     receipt of your Note of February 1,2007,
   between the Borrower and the Bank
                                                     which reads as follows:
   (hereinafter referred to as “the Loan
                                                          “··(Chinese Proposing Note) ···”
   Agreement”).
                                                         I have further the honor to inform you
3. (1) The eligible source country for
                                                     that the foregoing proposal is acceptable to
 the procurement of goods and services
                                                     the Government of the Republic of Korea
 required for the Project shall be the
                                                     and to agree that your Note and this Note
 Republic of Korea. However, any goods
                                                     in reply shall constitute an Agreement
 and services which are impossible or
                                                     between the two Governments, which shall
 uneconomical to be purchased from the
                                                     enter into force on the date of this Note in
 eligible source county, may, with the
                                                     reply.
 prior consent of the Bank, be procured
                                                         Please accept the assurances of my
 from the People’s Republic of China for             highest consideration.
 the Project for up to eight hundred ten                                                  김 하 중
 thousand US Dollars(US$810,000) of the                             Ambassador Extraordinary and
 Loan amount.                                                                      Plenipotentiary
 If the foregoing proposals are acceptable                                of the Republic of Korea
to the Government of the Republic of                            to the People’s Republic of China
                                                    16