| 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 report of 14 Jun, folio 27a. Further estimate of balance of payments, 7 Jun 1943, folio 12b. Difficulty of UK and US financial position from high price of wolfram - Johns's note of 15 July 1943, folio 9, and Cameron Fromanteel Cobbold's letter of 19 July 1943, folio 87. Offer of gold to Spain considered. |