Abstract

In the process of decolonization after the Second World War Great Britain concluded a series of agreements with her former dependencies for the settlement of mutual claims. The key issue in all agreements, and in some cases its only component, was the disposal of the sterling balances which had accumulated during the Second World War, balances which constituted a form of debt of the former colonial power to its dependencies. Some agreements covered additional issues such as the future of British assets in the dependency, the public debt and the obligations towards retirement benefits for civil servants.

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