MACHINE TOOLS: Clearing the Decks

What will happen at war's end to the vast amount of industrial equipment which the U.S. has Lend-Leased abroad? The United Kingdom gave a partial answer last week. She paid $31,500,000 to Leo Crowley's Foreign Economic Administration for the 58,000 machine tools which the U.S. has shipped Britain under Lend-Lease—the first nation to buy such material outright.

The tools Britain bought had originally cost the U.S. $166,000,000, but the deal was not quite the bargain for Britain that it seemed. To keep the bookkeeping record straight, FEA Boss Leo Crowley had thriftily included in his bill the cost of tools sunk...

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