| Description | Payments Agreement proposed by United Kingdom (UK), May 1940: all transactions between Peru and sterling area to be in sterling. Peruvian holdings over £½ million to be guaranteed against any change in the sterling value of gold. Visit of Phillimore (British Government Representative) to Peru, August 1940. Agreement drafted but not signed. Letter 3 Sep 1940 to Powell (Bank), folio 73A, and other correspondence with Sir Otto Ernst Niemeyer and Sir Edward Peacock. Peru's sterling shortage, winter 1940-41. Finance of oil from Lobitos (United Kingdom owned company). United Kingdom exporters authorised to receive dollars and offer them to the Exchange Control, Dec 1940. |