| Description | General assessments of Switzerland's trade and payments. Payments agreement proposed by United Kingdom (UK) Government, Dec 1939; not welcomed by Swiss; credit offered by Swiss representative as alternative. Discussions and draft proposals, but no agreement, Jan 1940. Financial agreement negotiated between central banks, December 1942 ('final draft' in file but no copy of a formal agreement). Switzerland to undertake to sell Swiss francs at 17.35 = £1, partly against sterling and partly against gold; Swiss sterling holding to be guaranteed against any change in the sterling value of gold. |