| Description | Inter-government agreement proposed 31 Aug 1940 (no central bank in Havana). Need to protect British insurance interest against new Cuban legislation, and to cover United Kingdom (UK) sugar requirements. Further discussion of payments agreement, 1940 - May 1941. Need to prevent Cuban sales of sterling for dollars on New York free market. A general summary, 29 Apr 1941, folio 111. Difficulty caused by lack of a Central Bank. Negotiations dropped, 10 May 1941; Continued. Cuba to be brought within new Central American Account system instead. |