Evening star., 1945-08-24
AttIee
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and raw materials or to provide the
rash we were spending abroad.
The very fact that this was the
right division of effort between our
selves and our Allies leaves us, how
ever, far worse off when the sources
of assistance dry up than it leaves
those who have afforded us that as
sistance.
If the role assigned to us had
been to expand our exports so as to
provide a large margin over our
current needs which we could fur
nish free to our Allies. we should, of
course, be in an immeasurably
stronger position than we are today
Lease-lend shipments will not &C.
tually end until President Truman
proclaims VI day. Meanwhile
goods already on order will con-
tinue to move until then, Federal
Economic Administration officials
said. 1t was estimated this would
extend the termination date by a
week or 10 days.
I'VE can, of course, only demo-
bilize and reconvene gradually, and
sudden cessation Of a support on
which our war organization has SC
largely depended put us in a very
serious financial position" Mr.. Att
lee said today.
Excluding altogether munitions
which we have been receiving under
lease-lend the Canadian mutual
aid and will be no longer required
our overseas outgoings on the eve
Of the defeat of Japan were equiva-
lent to an expenditure at the rate
Of about $4,000, 100000 f$s, 900 ,0oo,-
000) a year, including essential food
and other non-munition supplies
which were received hitherto under
lease-lend, but must now be paid
for.
Toward this total In the present
year, 1945, our exports are con-
tributing f350, 0,000, 900 C$1, 1,400, ,000,-
000) and certain sources of income
mainly temporary, such as receipts
from United States forces in this
country. and reimbursements from
the dominions for war expenditures
which we have incurred on their
part. are Ease, 900 600 (sl ,80o, 900 ,0Oo)
Initial Deficit Immense.
THUS, the initial deficit with
which we start the task Of re-estab-
fishing our own economy, and OF
contracting our overseas commit
ments, Is immense. AS I have said
we have not yet had an opportu-
nifty of discussing the resulting sit
uation with the United States ad-
ministration.
"Mr. Brand, Treasury representa-
tive in Washington, has, however
read letter from the foreign eco
nomic administrator inviting us to
enter into immediate conversations
to work things out lin a manner
which will best promote our mutual
interests.
Il am therefore inviting Lord
Halifax to return to Washington
accompanied by Lord Keynes (fi-
nancial adviser to the Treasury
and Mr.. Brand and other officials
OF other departments to take part
IN such conversations.
Reciprocal aid on the part OF
the United Kingdom-or reverse
lease-lend, as it Is sometimes
caned-which, according to the re-
ciprocal aid agreement with the
United States Government, is pro-
vlded on the same terms as lease
lend aid, will, of course, conform
to the same dates of partial or COM
plete termination as lease-lend,
Il much hope the President will
accept arrangements by which
shipping and food and any other
supplies still required by our forces
overseas and the American forces
overseas can continue to be fur
nished for a limited period under
the lend-lease and reciprocal aid
agreement"
Common War Effort,
ut would seem reasonable to re-
gard such supplies and services aris-
ing out OF the war as belonging to
the common war effort and, as ]
have said, there is an indication
in the communication that has
reached us that the American ad-
ministration may so regard them
Il earnestly hope the House, in
view OF the fact that negotiations on
these complicated issues are about
to start, will agree that the matter
should not be subject of debate
today"
Mr.. Churchill observed:
I agree with him CMr. Atlee) en-
tirely that if debate of discursive
character arises before the issues
have been properly weighed by the
House, it might easily be detri-
mental to our national interests,
Il think can give him an as
surance on behalf Of the members
who are associated with me on this
Conservative side of the House
that we shall not touch upon this
matter in the forthcoming debate on
adjournment.
Words and phrases might be
used which would hamper the task
OF our negotiators in the dificult
matters which lie before them"
Galloway Will Retire