RECIPROCAL AID

Evening Post, Volume CXXXV, Issue 131, 4 June 1943, Page 4

RECIPROCAL AID

AMERICA AND N.Z.

MOUNTING FIGURES

The operations of lend-lease and reverse 1 end-lease between the United States and New Zealand were reviewed last night by the Minister of Finance (Mr. Nash) when delivering the Budget. This is the first time that reciprocal aid has appeared in the Budget. \

New Zealand's supplies to the U.S. forces, said Mr. Nash, amounted during the year to £7,000,000. "The supplies and services which we provided for the United States forces," he said, "included capital works, such as temporary camps, hospitals, and ships to the value of £3,250,000, food valued at £2,000,000, and transportation, re-, pairs, rentals, and other services to the extent of £1,750,000. These supplies and services for the past year are shown in the War Expenses Account at £7,000,000, as agamst corresponding assistance which we received amounting to £26,800,000, comprising motor-venicles ammunition, aeroplanes, ordnance stores, oil and petrol, and supplies for other essential purposes.

"In considering these results, however, account must be taken of the fact that reverse lend-lease was in operation for only part of the financial year, whereas lend-lease, while appearing for the first time in the year's accounts, covered a period of more than a year. Activities under reverse lend-lease are increasing rapidly, and the cost for this year will show a substantial increase.

"Although values are quoted in the accounts, I would like to emphasise that lend-lease is granted not in terms of money, but in terms of the quantity of particular kinds of goods