Statement On Lend-Lease Agreement

Supplies and services provided by the French in reverse tenancy include textiles, military tires, batteries, telephone cables, chemicals and other vital war supplies, railway and port facilities and services, hotels, warehouses and other facilities and services. The French have commissioned their industrial production, to the extent that it can be put into service, in the service of the joint war effort. Rumours circulated that the rent of a multitude of frivolous things, from nylon stockings, Scotch whiskey and travel suitcases to the clothes of a well-known duchess and a dinner at a posh Washington hotel for a member of an Allied mission, was covered. To check the latest items first, the full purchase of loan goods and services will be by request, and there is no way to commandeer a dinner or evening dress. Foreign governments have never asked for dinners or clothes. What about the alleged sale of goods lent by our allies and the resale of objects made from materials imported as part of loans? The sale of certain items purchased as part of the lease was deemed necessary for the realization of the war. The most important example is food delivered to the United Kingdom. The Mutual Assistance Agreement reaffirms the central principle that the French give us reverse credit benefits, thus implementing the kind of combined war delivery operations that had previously become so effective for the United Nations to win over common enemies. The facts themselves are not a real basis for friction. The Soviet government expanded the space granted in its press and radio to the recognition of American aid and the respective contributions of all other allies. This appreciation was underlined in the speeches and statements of the most senior Soviet officials, including Prime Minister Stalin.

Similar thanks were expressed by Prime Minister Winston Churchill, Ambassador Halifax and other high-ranking Britons. What was more frightening was the rumor that the Soviets exchanged some of the rental planes we had received from the Japanese for rubber, and that the planes were then used against our troops in the Pacific. Such rumours, often heard on Axis radio broadcasts, were examined and found to be unfounded by the Ministry of Foreign Affairs and other authorities. Credit has been the subject of much honest criticism. There were also many rumors, some amusing and far-fetched, others perhaps aimed at planting seeds of dissent between the allies. Canada had its own version of the lending base for the United Kingdom. [79] During the war, Canada offered gifts to Britain totalling $3.5 billion, plus an interest rate loan of $1 billion; Britain used that money to buy Canadian food and war needs. [81] [82] Canada granted $1.2 billion to Britain immediately after the war; These loans were fully repaid at the end of 2006. [83] Aid on a larger scale is expected to arrive soon. On 5 November, Roosevelt was re-elected president and almost immediately proposed plans to “open the arsenal of democracy” for Britain. In March 1941, the cash and carry base of British purchase in the United States was abolished and Congress sanctioned the principle of credit. Later that month, documents were signed, which provided bases in Newfoundland, Bermuda and the West Indies.

In practice, with the exception of a few unarmed transport vessels, very few returns have been made. Excess military equipment had no value in peacetime. Lease agreements with 30 countries do not provide for reimbursement in the form of money or returned goods, but by “common measures to create a liberalized international economic order in the post-war world.” It is the United States that would be “reimbursed” if the recipient fought against the common enemy and joining world and diplomatic trade organizations such as the United Nations


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