# The Foreign Compensation (People’s Republic of China) Order 1987, Article 9


If, for the purposes of this Order, it is necessary for the Commission to determine the rate of exchange between foreign currency and sterling on any date, that rate shall be deemed to be the middle rate for telegraphic transfers ruling in the London market on that date or, if the Commission consider that middle rate to be inappropriate, such rate as the Treasury may determine.

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Source: https://www.legislation.gov.uk/uksi/1987/2201/article/9 (the official version)
Page: https://openlegislation.uk/foreign-compensation-peoples-republic-of-china-order-1987/article-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.