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#4
25-11-22, 18:04
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Cash and Carry v Lend Lease
Lang,
For the period Sept to Nov 1939, there was no purchases whatsoever of warlike stores from the USA. From Nov 1939 to March 1941, it was the 'Cash and Carry' period where a country had to pay for all purchases in cash, and from March 1941 it was mostly Lend Lease, with the Australian policy being to obtain as much as possible under Lend Lease and only small cash purchases were allowed. According to the Ministry of Munitions, the balance of LL to RLL at war's end was that the RLL side of the ledger was about 75% of the LL side. Mike 
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