16 July 1991 and further extended by the exchange of letters initialled on 3 November 1992. The Special Representative of Hong Kong wishes to confirm to the Directorate-General that whilst awaiting the completion of the necessary procedures for the conclusion and the coming into force of the extended Agreement, the Government of Hong Kong is prepared to allow the provisions of the extended Agreement to apply de facto from 1 January 1993. This is on the understanding that either party may at any time terminate this de facto application of the extended Agreement provided that 120 days' notice is given. The Special Representative of Hong Kong to the European Communities avails himself of this opportunity to renew to the Directorate-General for External Relations the assurance of his highest consideration.