THAI AIRWAYS INTERNATIONAL LIMITED with offices at 89 Vibhavadi
Rangsit Road, Bangkok (hereinafter referred as the party or the
other party, as the context required) and CHINA AIRLINES LIMIT-
ED with offices at 131, Section 3. Nanking East Road, Taipei (h-
ereinafter referred as the party or the other party, as the con-
text required), being desirous offurthering the cooperation bet-
ween the two Airlines, have mutually agreed as follows :
1 Each party shall proceed to obtain for the other party an exe-
mption from business Tax levied on revenue derived from the o-
peration of aircraft in international traffic.
2 Each party understands that the provisions of paragraph 1 of
this Memorandum shall apply to the Business Tax levied on rev-
enue derived by the other party as from April 1, 1986.
WITNESS :
[Signed]
Tien-Yun Chang
Comptroller
WITNESS :
[Signed]
Thamnoon Wanglee
Vice President
Finance Department
CHINA AIRLINES LIMITED
[Signed]
General Chi Jung-Chun
President
THAI AIRWAYS
INTERNATIONAL LIMITED
[Signed]
Air Chief Marshal
Janya Sukontasap
President
Done on 28th March, 1986.