Word: lende
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Dates: during 1940-1949
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What this might mean in Big Power relations became apparent last week when the British speculated on whether their lend-leaseless poverty would force immediate withdrawal of military forces from Europe and the Far East to the detriment of Britain's postwar political position. Also directly involved was Britain's basic economic policy of government-controlled foreign trade and foreign exchange; as the price of U.S. credits, the U.S. might demand that Britain relax trade controls...
...moving toward employment of its enormous lending power as an instrument of foreign policy? One New York banker who commutes to Washington thought such use long overdue. Said he: "If I were permitted to characterize our credits over past years in one four-letter word, I'd use the word 'Gaps.' " He explained that U.S. diplomats dicker, and U.S. credit agencies lend, without much connection between them. Thus the diplomats often find they lack a bargaining weapon suited to everyday use in diplomatic give and take...
...yelped with pain when the RFC decided to put the loan on a businesslike basis. RFC's revamped terms were: 1) a 15-year 4% first mortgage of $69.5 million ($58 million for the marked-down value of the property, plus '$11.5 million which RFC offered to lend Kaiser for additions to Fontana); 2) a 25-year, no-interest second mortgage of $34.5 million; 3) a $10.3 million note to be secured by 103,180 shares of Kaiser Co. Inc. 4% first preferred stock. In short, RFC wanted its original loan repaid in full, 'was not prepared...
...Washington's Export-Import Bank had a cashier's cage, foreign nationals would have been queued up there last week. With Lend-Lease ended (see NA TIONAL AFFAIRS), the borrowers were figuratively standing in front of the Export- Import Bank's 64 desks, hat in hand...
...Russia, which had received $10 billion under Lend-Lease, may want at least $1 billion to finance purchases of machinery and tools...