LEND-LEASE: Sword into Plowshare

The torrent of Lend-Lease has apparently passed its peak. Month by month since August the flow of weapons, food and clothing to 33 Lend-Lease nations has steadily declined. Alternately, the stream of reverse Lend-Lease (TIME, Nov. 22) has just as steadily swelled, has already topped $1,174,900,000.

From the British Empire and North Africa, and to a lesser extent from Russia and China, raw materials in increasing quantities are coming into the U.S. To the nation which forged Lend-Lease as a new weapon for war, this busy two-way traffic has posed a new question....

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