AUSTRALIA WINDS UP ITS LENDLEASE
Received Surnlav, 8.80 p.m. NEW YORK, June S. Australia becomes tlie Jifth nation to wind up its lend-lea.se obligations to l.'nited States and the Jirst to which United States did not have to extend a ' credit to make a settlement possible. The previous four nations — Britain, India, France, and Turkey — were all granted credit terms ranging to twenty ! years to settle accounts. Tlie value of lend-lease, comprising , mostlv war equipment, which United States sent to Australia totalled ; 1,800, 000, 000 dollars. Australia 's reI verse lend-lease contriliutions totalled 1 020,000,000. This agreement provides 1 that Australia sliall pay 27,000,000 dollars to United States for macliine tools, aeroplanes and spare paris and for J (i,50(),000 dollars worth of surplus American war materials. - 1 — — —
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Chronicle (Levin), 10 June 1946, Page 8
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127AUSTRALIA WINDS UP ITS LENDLEASE Chronicle (Levin), 10 June 1946, Page 8
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