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I spoke of the melancholy financial position of Great Britain. Half our foreign investments had been spent in the common cause when we stood alone. There is a great external debt of three thousand million pounds. We should require time to get on our feet again. The President listened closely, attentively and sympathetically. He spoke of the immense debt the Allies owed to Britain for that period when she fought alone. "If you had gone like France," he added, "we might well be fighting the Germans on the American coast at the present time." - Winston Churchill


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