UK Debt to Canada
Ed,
if you read carefuly the article states that the loans were an effort to pay for equipment that was sent over during hostilities. During the war, no one held equipment back, it was a push not a pull, system. It would be easy for Britian to reduce its debt by supplying equipment rather than cash.
"Deferred
Under the lend-lease programme, which began in March 1941, the then neutral US could provide countries fighting Adolf Hitler with war material.
The US joined the war soon after - in the wake of the attack on Pearl Harbour - and the programme ended in 1945.
Equipment left over in Britain at the end of hostilities and still needed had to be paid for"
Was there not some discussion a few years ago about our new subs being reduced in price by rolling in the costs of leasing the training area in Suffield?
Jim
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