US NAVY
Secretary
of State Hull and British Ambassador Lord Lothian exchange notes concluding the
agreement to trade destroyers for bases; the U.S. will provide, by executive
agreement, 50 over‑age (World War I Emergency Program) destroyers in
return for 99‑year leases on bases in the Bahamas, Antigua, St. Lucia,
Trinidad, Jamaica, and British Guiana. The British provide bases at
Newfoundland and Bermuda as outright gifts.
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