The exchange of letters between the Finance Minister and the Chancellor of the Exchequer and between the officials of the two Governments setting out the terms of the agreement reached are given in Appendix IV. [...] 4 of the Indiai/Pakistan Agreement plus a sum determined by the Reserve Bank of India as representing receipts on behalf of Pakistan from 1st January 1948 to the date of the opening of the Pakistan Account less a sum determined by the Reserve Bank of India as representing paments made on behalf of Pakistan from 1st January 1948 to the date of the opening of the Pakistan Account. [...] 2 Account and the Pakistan Account in respect of such items as the Government of the U. K. and the Gornment of Pakistan may agree in so far as they relate to transactions"28 of Pakistan in terms of the Agreement which the Government of the U. K. propose to make with the Government of Pakistan in accordance. [...] (ii) the amounts payable in sterling to the Government of Pakistan and the Provincial Governments in Pakistan under the provsions of section 11 and (iii) the amount of the balance at the credit of the Bank's Account No. [...] (b) The payment mentioned above will be in full and final settlement between the Government of the United Kingdom on the one hand and the Governments of India and Pakistan on the other in respect of all Defence Stores and fixed assets located in undivided India which were the property of the Government of the United Kingdom.
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