| Description | Financial relations with European neutrals: Switzerland, Sweden, Spain and Portugal. United Kingdom's (UK) shortage of foreign exchange. Correspondence, cables, notes of meetings in Whitehall and Madrid. Forecasts of UK balance of payments with Spain. Plans for joint UK/US purchases; consequences for Anglo-Spanish clearing. Reports by Ellis Rees, financial adviser to UK Ambassador in Madrid. Meetings of Anglo-American Economic Committee in Madrid. Particular problems of wolfram, wool, skins, cotton, rubber and petroleum. Also, Improvement in UK's peseta position, 3 Feb 1943, folio 10. Bank's estimate of balance of payments with Spain, 24 Feb 1943, folio 60. |