LEND-LEASE SETTLEMENT

Chronicle (Levin), 29 March 1946, Page 5

LEND-LEASE SETTLEMENT

. washington announces details Reeeived Thursday, 10.5 p.m. WASHINGTON, March 28. Details of an all-emhracing ninepoint agreement pptween Britain and Ameripa finally settling Lend-Lease and Reverse Lehd-Lease, surplus property and mujrqal war clainis are ,cpntained in a White Paper "issued last 1 night. The pact implements in fulHthe pro- 1 visions of the' British-American fmancial agreement signed last Deceniher and wipes out inutual Lend-Lease in- ; debtedness. The United States, for the payment of ' 650,000,000 doll'ars to the' United States hy Britain, as agreed last De- ' cember, firstly handg oyer to Britain | nearly all United States forces' surplus ! stores in the United Kingdom; second1 iy, transfers to Britain 672 Dakotas, 25 j Exppditers and 18 Libpratqrs; thirdly, j'ieases to Britain 671 Dakotas; fourthly, isettles for 'petrol consiimed hy civilians j after the reintrodu'ction of the basic j ration. The British Government nndertakes, j in disposing of Lpnd-Lease articles, to i endeavour to avoid discrimination | against United States manufacturers, j The United States retains the right 1 to recapture military stores, hut dops hot intend generally to exercise the right. Britain cannot dispose of military articles for civilian use optside the Empire and. undertakes tp give Unrra an opportunity qf apquiring-^hem at fair prices.