Circular 10/97: International Group Agreement

TO THE MEMBERS

Dear Sirs,

INTERNATIONAL GROUP AGREEMENT
The Group Clubs' Response to the European Commission's Statement of Objections

Reference is made to the Association's previous

Attached to this circular is a summary of the position and of the arguments presented by the Clubs in the Response. The Managers will be pleased to provide a full copy of the Response to any Member who might like to review it in detail.

Yours faithfully,

THOS. R. MILLER & SON (BERMUDA

circular no. 8/97 of August 1997. The International Group Clubs have now replied formally to the European Commission's Statement of Objections in a Response delivered to the Commission on 16 September 1997.

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