Aircraft of World War II - Warbird Forums
 



Go Back   Aircraft of World War II - Warbird Forums > World War II - General > WW2 General

WW2 General Every WW2 related discussion besides aviation.

Reply
 
LinkBack Thread Tools Display Modes
Old 08-20-2006, 07:08 PM   #1
Senior Member
 
Join Date: Apr 2005
Location: London
Posts: 3,655
End of Lend Lease

Just picked an interesting point, which is in December this year the UK will pay the final installment of the Lend Lease debt incurred during and after WW2. The original debt was I believe around $31,000,000,000 dollars and the final $80,000,000 will be paid off at the end of the year.

No one from the UK Goverment has offically said what the final bill will be, as interest was added from the start, but the final figures, will we are told, be broken down at the end of the year. Should be interesting.

Its complicated as other debts were added to the lend lease bill which had differing rates of interest. The original lend lease was at 2%. The December Payment is the final payment for all the UK debts to the USA.

In case your wondering, the debts owed from WW1 are still outstanding and will never be paid. The world side financial collapse in 1932 halted all payments. The UK owed the USA around $834m but we were owed $2,000m by other countries namely France.
Glider is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 08-20-2006, 07:20 PM   #2
Senior Member
 
plan_D's Avatar
 
Join Date: Apr 2004
Posts: 11,978
Send a message via MSN to plan_D Send a message via Yahoo to plan_D
That is interesting. And may come as a shock to a lot of Americans who believe the Lend-Lease was free.
__________________
"When you go home tomorrow, don't expect anyone to know what you have been through. Even if they did know, most people probably wouldn't care anyway. Some of you may get the medals you deserve, many more of you will not. But remember this, all of you are now members of the front-line club, and that is the most exclusive club in the world." - Lt. Col. Matthew Maer CO 1st Battalion, the Princess of Wale's Royal Regiment. Camp Abu Naji, Oct. 2004

To those in that club.
plan_D is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 08-20-2006, 07:29 PM   #3
IP/Mech THE GREAT GAZOO
 
FLYBOYJ's Avatar
 
Join Date: Apr 2005
Location: Colorado, USA
Posts: 16,050
Great info - hey now you folks don't have to put up with loudmouth Americans coming over on vacation an saying "We saved ya @sses, ya-all still owe us money from dubya-dubya too." Seriously, when this happens, I think the only other country to pay the US for their WW2 debts was Holland.
__________________
"IF ITS RED OR DUSTY, DON'T TOUCH IT"
FLYBOYJ is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 08-20-2006, 07:57 PM   #4
Senior Member
 
Join Date: Apr 2005
Location: London
Posts: 3,655
The only country to pay off its WW1 debt to the USA was of all countries, Finland.

There was a typo in my first posting. The last para shold have been in Sterling not Dollars.
Glider is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 08-20-2006, 08:15 PM   #5
IP/Mech THE GREAT GAZOO
 
FLYBOYJ's Avatar
 
Join Date: Apr 2005
Location: Colorado, USA
Posts: 16,050
I always thought it was Holland - you're probably right...
__________________
"IF ITS RED OR DUSTY, DON'T TOUCH IT"
FLYBOYJ is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 08-20-2006, 09:38 PM   #6
Senior Member
 
Hunter368's Avatar
 
Join Date: Nov 2005
Location: Winnipeg
Posts: 2,240
Amazing and interesting point Glider. Cool
__________________


"Ivan the Terrible or Russian Achilles" Ivan Kozhedub - Hero of the USSR (x3), Order of Lenin (x2), Order of Red Banner (x7), Order of Alexander Nevsky, Order of the Great Patriotic War (x2), Order of the Red Star (x2), 62 kills during 1943-1945
Hunter368 is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 08-20-2006, 09:47 PM   #7
Senior Member
 
plan_D's Avatar
 
Join Date: Apr 2004
Posts: 11,978
Send a message via MSN to plan_D Send a message via Yahoo to plan_D
That's one less weight on the British government then. I wonder what they're going to spend the excess on ... asylum seekers, by any chance?
__________________
"When you go home tomorrow, don't expect anyone to know what you have been through. Even if they did know, most people probably wouldn't care anyway. Some of you may get the medals you deserve, many more of you will not. But remember this, all of you are now members of the front-line club, and that is the most exclusive club in the world." - Lt. Col. Matthew Maer CO 1st Battalion, the Princess of Wale's Royal Regiment. Camp Abu Naji, Oct. 2004

To those in that club.
plan_D is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 08-21-2006, 04:20 AM   #8
Senior Member
 
Wildcat's Avatar
 
Join Date: Apr 2005
Location: Queensland
Posts: 4,543
Very interesting, I wonder how much money the Australian govt owes?
__________________

Wildcat is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 08-21-2006, 07:37 AM   #9
Senior Member
 
loomaluftwaffe's Avatar
 
Join Date: Dec 2005
Posts: 1,848
interesting info

even this crappy third world country owes alot of money
and what do those government officials do with that money?
get dozens of houses, with a wife and family in each house

and thats our tax money (most of the population are squatters and arent able to pay taxes)... i mean this new fire hydrant was constructed and the (corrupt) senator even put up a huge sign

"Through the generosity of ________ this fire hydrant was constructed blah blah blah"

im going too off-topic
__________________


"The German Luftwaffe always fought without any reserves. This is also the reason why we have pilots with extremely high numbers of victories."
- General der Jagdflieger Adolf Galland"


loomaluftwaffe is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 02-28-2007, 01:28 AM   #10
Senior Member
 
Join Date: Oct 2004
Location: Queensland
Posts: 1,249
Yes, still it does seem to be a big drain having the much money going out for a debt that old.
HealzDevo is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 03-05-2007, 05:23 AM   #11
Senior Member
 
Civettone's Avatar
 
Join Date: Oct 2005
Location: Limburg
Posts: 1,220
Send a message via MSN to Civettone Send a message via Skype™ to Civettone
What exactly was this debt about?
All the equipment which was never returned to the US? Including that which was destroyed due to enemy actions?


Kris
__________________


Civettone is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 03-05-2007, 10:31 AM   #12
Der Crewchief
 
DerAdlerIstGelandet's Avatar
 
Join Date: Nov 2004
Location: Ansbach, Germany
Posts: 33,152
Paying for it all.
__________________


fly boy:"isnt that the first jet bomber becasue i have flown one in a flight sim before and i know how it handles"[/I]
DerAdlerIstGelandet is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 03-05-2007, 08:34 PM   #13
Senior Member
 
davparlr's Avatar
 
Join Date: Mar 2006
Location: Southern California
Posts: 1,486
I was under the impression that all war debt was forgiven. After very little research it turns out I was correct. This is what I got from BBC here

BBC NEWS | UK | Magazine | What's a little debt between friends?

Quote:
The UK is about to pay off the last of its World War II loans from the US. But it hasn't always been so fastidious.

On 31 December, the UK will make a payment of about $83m (£45.5m) to the US and so discharge the last of its loans from World War II from its transatlantic ally.

It is hard from a modern viewpoint to appreciate the astronomical costs and economic damage caused by this conflict. In 1945, Britain badly needed money to pay for reconstruction and also to import food for a nation worn down after years of rationing.

"In a nutshell, everything we got from America in World War II was free," says economic historian Professor Mark Harrison, of Warwick University.

"The loan was really to help Britain through the consequences of post-war adjustment, rather than the war itself. This position was different from World War I, where money was lent for the war effort itself."
davparlr is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 03-05-2007, 08:41 PM   #14
Senior Member
 
Join Date: Apr 2005
Location: niagara falls
Posts: 5,586
Good read and info sounds like their credit rating should look like mine
pbfoot is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 03-05-2007, 08:48 PM   #15
Senior Member
 
davparlr's Avatar
 
Join Date: Mar 2006
Location: Southern California
Posts: 1,486
It also should be noted here that Great Britain received $3.3 billion from the Marshall plan.
davparlr is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
End of the production line for the C17? syscom3 Modern 34 02-12-2007 12:09 PM
FLAT OUT BEST PISTON FIGHTER TO SEE COMBAT BY END OF 1944 DAVIDICUS Aviation 10 04-18-2005 11:58 AM
Best Fighter cheddar cheese Old Threads 1032 01-25-2005 05:19 AM


All times are GMT -4. The time now is 09:50 PM.
Powered by vBulletin
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.0
Ad Management plugin by RedTyger
Design by HTWoRKS


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118