Roosevelt didn't play very nice, did he? I wonder where that additional £38 million ended up. Anyone know if the White House was throwing some really expensive parties, around this time?
In one of his famous speeches Churchill asked America 'Give us the tools and we will finish the job'. But America wouldn't 'give' anything without payment. After two years of war, Roosevelt had drained Britain dry, stripping her of all her assets in the USA, including real estate and property. The British owned Viscose Company, worth £125 million was liquidated, Britain receiving only £87 million. Britain's £1,924 million investments in Canada were sold off to pay for raw materials bought in the United States. To make sure that Roosevelt got his money, he dispatched the American cruiser, 'Louisville' to the South African naval base of Simonstown to pick up forty two million Pounds worth of British gold, to help pay for American guns and ammunition!.Not content with stripping Britain of her gold and assets, Roosevelt now proceeded to 'strip the flesh off the bone'. In return for 50 old destroyers, he demanded that Britain transfer all her scientific and technological secrets to the USA. (American science had been lagging years behind the British at this stage). Also, he demanded leases on the islands of Newfoundland, Jamaica, Trinidad and Bermuda for the setting up of American military and naval bases.
Quote. Lord Beaverbrook was later to exclaim 'The Japanese are our relentless enemies, and the Americans our un-relenting creditors'.