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Posted: 1/2/2007 10:58:04 AM EDT
Britain has paid back the last installment of Lend-Lease and loans from WWII this week. No cancellations of the debt like the other Allies negotiated or just plain didn't pay back, every single penny was paid back in full with interest.
So it just remains to say… Thank you USA and thank you Canada, we really couldn't have done it without you…  ANdy Britain finally pays off wartime Allies By AP LONDON -- Britain has paid the last installment on its World War II-era debt to Canada and the U.S., making a final $100 million US in payments yesterday to the wartime Allies. Britain was left with a debt of $4.3 billion US to the U.S. and $1.2 billion US to Canada more than 60 years ago when London took out loans to finance reconstruction. Annual payments on the loans, at 2% interest, have since totalled nearly $10 billion. 'VITAL SUPPORT' "This week, we finally honour in full our commitments to the U.S. and Canada for the support they gave us 60 years ago," Economic Secretary Ed Balls said. "It was vital support which helped Britain defeat Nazi Germany and secure peace and prosperity in the postwar period." Most American assistance came through the Lend-Lease program -- nearly $27 billion in equipment, food, weapons and fuel. When the program ended in 1945, Britain took out loans for reconstruction and agreed to repay the money over 50 years, but the loan's terms allowed deferred payments due to economic conditions. The total amount borrowed is equivalent to about $60 billion US in today's purchasing power. |
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Posted: 1/2/2007 11:00:50 AM EDT
[#1]
Thank you.
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Posted: 1/2/2007 11:01:53 AM EDT
[#2]
They pay off thier debt. But everytime we give Druka-Drukastan money they hate us and we forgive thier debt
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Posted: 1/2/2007 11:02:06 AM EDT
[#3]
Heres whats sad, part of that was to make sure every able bodied male citizen was armed in case of invasion, now firearms are virtually outlawed there
 
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Posted: 1/2/2007 11:02:49 AM EDT
[#4]
IIRC, that makes the UK and Finland the only two countries that paid in full.
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Posted: 1/2/2007 11:04:56 AM EDT
[#5]
Thanks, Britain, for not being dead-beats!
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Posted: 1/2/2007 11:07:28 AM EDT
[#6]
Your welcome!
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Posted: 1/2/2007 11:07:35 AM EDT
[#7]
My respect for the british keeps growing.
execpt their socialist anti-gun government.. |
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Posted: 1/2/2007 11:08:48 AM EDT
[#8]
2%
Took in the ass on that one. 
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Posted: 1/2/2007 11:09:51 AM EDT
[#9]
fucking France should pay the USA back also.
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Posted: 1/2/2007 11:09:51 AM EDT
[#10]
Good for you Brits
 "Obviously, Britain was being strangled, and just as it began gasping for supplies, it found that it had no more money to buy them. Up until November 1940, Britain had paid for everyting it received from America. In all, $4.5 billion had be disbursed and Britain had but $2 billion remaining, most of which was invested. Even if the country divested iself of all its gold and foreign assets, it could not hope to pay for more than one twenieth of the war material it needed.." Pg. 203 from Delivered From Evil, by Robert Lekie, a book everyone interested in WWII history should read. Not dry like The Rise and Fall of the Third Reich either
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Posted: 1/2/2007 11:11:01 AM EDT
[#11]
Wow! That's great... Someone hasn't forgotten their debts- and paid them in full.
Good on everyone around. 
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Posted: 1/2/2007 11:14:24 AM EDT
[#12]
It only took 60 freaking years.
 GR |
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Posted: 1/2/2007 11:22:26 AM EDT
[#13]
Awesome.
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Posted: 1/2/2007 11:26:47 AM EDT
[#14]
I'll take me 30 years just to pay off a $500K mortgage 
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Posted: 1/2/2007 11:29:04 AM EDT
[#15]
A Billion!!!!
"That's when a smoke was a smoke And groovin' was groovin'" A billion was a lot then and 2% wasn't really that cheap, more like the cost of living increase. How much did we get from Stalin?
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Posted: 1/2/2007 11:29:42 AM EDT
[#16]
good for them.
who's next to pay up?!?! hello? anyone?!?! |
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Posted: 1/2/2007 11:33:10 AM EDT
[#17]
Of the $50 billion, about $8 billion came back in "reverse Lend-Lease," that is, food, equipment and services supplied by the Allies to American troops overseas. Of this, Britain contributed $2 billion and the Soviets nothing, the communists claimed that they had made payments in blood, implying, therefore, that they alone had bled and suggesting that they be subsidized in defending themselves.
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Posted: 1/2/2007 11:36:22 AM EDT
[#18]
Don't thank us, thank him(and others like him):
Name: THIBAULT, GEORGES Initials: G Nationality: Canadian Rank: Warrant Officer Class II (C.S.M.) Regiment/Service: Le Regiment de Maisonneuve, R.C.I.C. Date of Death: 08/08/1944 Service No: D/56052 Casualty Type: Commonwealth War Dead Grave/Memorial Reference: XII. A. 13. Cemetery: BRETTEVILLE-SUR-LAIZE CANADIAN WAR CEMETERY  |
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Posted: 1/2/2007 11:37:17 AM EDT
[#19]
Just a friendly loan between friends. The UK is one of the few Euro's I (we) still have respect and admiration for.
Now how about that pint you guys promised?!  ETA: Would you be interrested in borrowing some illegal aliens?? Interest free? We'll forgive the loan if you take enough of them! |
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Posted: 1/2/2007 11:39:44 AM EDT
[#20]
True… Britain also handed over royalty and patent free all it's jet engine technology, radar technology, nuclear research and Penicillin as part of the Lend-Lease deal. ANdy |
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Posted: 1/2/2007 11:50:24 AM EDT
[#21]
We gave back the Garands you loaned us. |
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Posted: 1/2/2007 11:53:21 AM EDT
[#22]
Thank you!
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Posted: 1/2/2007 11:57:00 AM EDT
[#23]
NO kidding. Where can I sign up for a 2% loan. |
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Posted: 1/2/2007 12:00:36 PM EDT
[#24]
Good to hear.
Just in time for the next loan.
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Posted: 1/2/2007 12:18:36 PM EDT
[#25]
I gotta look it up, but I understand Russia still continued paying back lendlease throughout the cold war. I wonder where they are now?
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Posted: 1/2/2007 1:12:20 PM EDT
[#26]
You're welcome.
And sorry it took so long for us to get directly involved. |
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Posted: 1/2/2007 5:54:21 PM EDT
[#27]
Good to see someone is still good for their word these days.
BTW: If you still have any of those Tommy guns stored away we would like to have them back. 
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Posted: 1/2/2007 5:57:14 PM EDT
[#28]
Go ahead and keep the Shermans and Greyhounds.
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Posted: 1/2/2007 6:02:58 PM EDT
[#29]
And took damned good care of them too ! The Danes haven't forgotten who their friends are . |
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Posted: 1/2/2007 6:07:01 PM EDT
[#30]
well, now we know the honorable, civilized part of Europe from the rest... nah, we always knew it.
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Posted: 1/2/2007 6:13:25 PM EDT
[#31]
Should have given the Brits the money for free and defaulted the rest on bad loans and restricted their access to international capital markets.
A Europe free of Totalitarism is the Anglosphere's contribution to Western Civilization. "When you go home, tell them of us and say: 'For your tomorrow we gave our today' " |
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Posted: 1/2/2007 6:46:18 PM EDT
[#33]
I think the RAF knows a thing or two about that.
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Posted: 1/2/2007 7:20:28 PM EDT
[#34]
You guys also handed that stuff over to the Soviets (well, the jet and radar tech.).  
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Posted: 1/2/2007 7:29:42 PM EDT
[#35]
We can use the $100 Million to pay off our reparations debt.
Then we'll all be able to just get along! |
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Posted: 1/2/2007 7:31:58 PM EDT
[#36]
Our pleasure
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Posted: 1/2/2007 7:38:23 PM EDT
[#37]
Thanks Great Britain for not being like the French, Thanks for appreciating the help. Thanks for remembering.
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Posted: 1/2/2007 7:44:48 PM EDT
[#38]
Fuck France! Chiraq should remember what happened to the former Saddam Hussein. |
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Posted: 1/2/2007 7:51:06 PM EDT
[#39]
Thanks,
As far as I'm concerned the UK is the only other country in the world other then the US that I give a damn about. Well that's not true, add Australia, Japan, and Canada, but you get my point. Edited to add, I should really try to stop saying things like that aloud since I'm going to be spending six month of 2007 living in Europe working on the LHC at CERN... |
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Posted: 1/2/2007 7:55:20 PM EDT
[#40]
Your welcome. Now, about this little islamic problem we both seem to have................
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Posted: 1/2/2007 7:56:33 PM EDT
[#41]
Too bad we will never see that money. As soon as the US cashed the check, they proably mailed one right out to some third world shithole that hates us.
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Posted: 1/2/2007 8:09:50 PM EDT
[#42]
Defeat the Luftwaffe in a series of incredible air battles where you are hopelessly outnumbered and maybe someone will offer, but only if you are willing to go back after them. |
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Posted: 1/2/2007 8:14:24 PM EDT
[#43]
That is super-coll (mis-spelling totally on purpose )
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Posted: 1/2/2007 8:29:33 PM EDT
[#44]
Anytime, brother. Long live the Anglosphere!
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Posted: 1/2/2007 8:36:17 PM EDT
[#45]
Very ethical of you. Now can we please have those loaner guns back.
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Posted: 1/2/2007 10:59:34 PM EDT
[#46]
I really do like the Brits, yet their .gov pisses me off.
But my .gov pisses me off too.
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Posted: 1/2/2007 11:26:35 PM EDT
[#47]
As regards the guns some of you guys mention…
We were not allowed to 'give them back'. The US .Gov stipulated they had to be destroyed or paid for in full in 1945 and kept… most were dumped into Beauforts Dyke in the late 40's. The ones that were kept, although they eventually ended up in the surplus market, can't be re-exported back to the USA because of US laws. Some firearms dealers in the UK and Europe have large numbers of mint or brand new in wrappers Thompsons and other goodies they have to de-mil and sell to collectors. A mint condition M1 Thompson is @$500, a Thompson 1928 A1 with Lyman sights is @$900 So now you know, the destroying of all those guns the US sent to Britiain was not some evil plot by 'our' government to destroy guns, it was a mandated requirement of your .Gov. ANdy |
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Posted: 1/2/2007 11:30:50 PM EDT
[#48]
I was shocked when I heard, thanks a lot Brits.
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