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Old 14-11-10, 16:12
Ed Storey Ed Storey is offline
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Default Debt Payment for 1939-1945

If you look, the money being paid back is for a 1946 loan and not monies owed from 1939-1945. I am pretty sure that monies owed by the UK to Canada resulting from WWII were cleared in either the late 1940s or early 1950s.

I can see the Cents, Ferrets and MCs being transferred over from UK stocks to Canada, but there still has to be a paper trail outlining the agreement. It is the paper trail that will answer any questions.
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Old 15-11-10, 04:00
Mike Baker Mike Baker is offline
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Quote:
Originally Posted by Ed Storey View Post
If you look, the money being paid back is for a 1946 loan and not monies owed from 1939-1945. I am pretty sure that monies owed by the UK to Canada resulting from WWII were cleared in either the late 1940s or early 1950s.

I can see the Cents, Ferrets and MCs being transferred over from UK stocks to Canada, but there still has to be a paper trail outlining the agreement. It is the paper trail that will answer any questions.
I don't believe there was ever an expectation that the UK would pay us back - they did, after all, defend our few acres of snow free of charge long after confederation (remained in B.C., at least, as late as 1905). Besides, war production set us up to be as prosperous as we were, post-war, so we really didn't need the money.

I also know that we paid for the aircraft carrier HMCS BONAVENTURE with good Quebec cheese (still shortages in the UK long after the war ended), so maybe a similar deal was reached for the MVs?

Mike
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Old 15-11-10, 14:15
45jim 45jim is offline
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Default 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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