Compared to the transition between colonies, the 5 million Pounds used as compensation was obviously the easiest to pay.
In fact, this was indeed the case. To express its sincerity, the British Government paid the Spanish Government 5 million Pounds on the day the treaty was signed. Since the Pound is currently the most valuable currency in the world, Spain did not refuse the British Government's proposal to pay in Pounds.
5 million Pounds may not seem like much, but in reality, it is worth 130 million Pesseta, which is not a small amount for any country.
Within the Spanish Government, there was a fierce debate over the use of this 5 million Pounds. Ultimately, it was Carlo who made the decision to invest this 5 million Pounds in the development of the Spanish Navy.
