powers to be exercised within these areas by
 
the United States authorities.
 
     The United States Government note with
 
appreciation that His Majesty's Government do not
 
desire rent or any other payment in return for the
 
grant of these facilities or in consideration of 
 
the leases to be granted to them.
 
     At the same time, in view of the very
 
material addition which this action by His Majesty's
 
Government will make to the security of the United
 
States, the United States Government wish for their
 
part to make some contribution towards the security
 
of the United Kingdom and the defensive strength 
 
of the British Navy in the Atlantic. They have
 
therefore decided immediately to transfer to His
 
Majesty's Government the following naval and military material: -
 
          50 destroyers
 
          20 motor torpedo boats
 
          A certain number of aircraft and rifles.
 
     The United States Government wish to make
 
it clear that they do not desire any payment in
 
return for this naval and military material.