| Description | Colombia's sterling shortage. Colombia unable to acquire for sterling, pesos held by United Kingdom (UK) exporters. Exporters' assets (pesos) thus blocked. United Kingdom reluctant to buy coffee or bananas to relieve shortage. Payments agreement discussed, Sep 1940. Watson (Bank of England) to Bogota, 28 Nov 1940 to promote negotiations. State of negotiations, 7 Jan 1941, folio 130b. Financial claims; commercial arrears; finance of current trade (including Shell's oil purchases). |