| 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. Ellis Rees's reports of 12 Apr 1943, folio 21; 10 May 1943, folio 71a. Peseta position assessed, 12 May 1943, folio 72. |