gouletcolonial3 previously said:


as usual you lie squeeler.. Large quantities of goods were in Britain or in transit when Washington suddenly and unexpectedly terminated Lend-Lease on 2 September 1945. Britain needed to retain some of this equipment in the immediate post war period. As a result the Anglo-American loan came about. Lend-lease items retained were sold to Britain at the knockdown price of about 10 cents on the dollar giving an initial value of £1,075 million. Payment was to be stretched out over 50 years at 2% interest. [9] . The final payment of $83.3 million (£42.5 million) due on 31 December 2006 (repayment having been deferred on several occasions) was made on 29 December 2006, it being the last working day of the year. After this final payment Britain's Economic Secretary, Ed Balls, formally thanked the US for its wartime support........FINALLY AT 10CENTS on THE DOLLAR