WHEREAS, as the President of the United States is authorized 
      by the Act of the Congress of the United States of March 11, 
      1941 (Public No. 11, 77th Congress, and hereinafter called the 
      Act) to sell, transfer title to, exchange, lease, lend or otherwise 
      dispose of, and to take certain further action with respect to, 
      defense of the United States, on such terms and conditions as 
      the President deems satisfactory and WHEREAS, the President has 
      determined that the defense of the United Kingdom is vital to 
      the defense of the United States,
 
      
 
 
NOW, THEREFORE, it is agreed by the United States and the 
      United Kingdom as follows:
 
      
 
 
1. From the time and in such amounts as the President may 
      determine, the United States will, pursuant to the Act,
 
      
 
 
(a) furnish to the United Kingdom certain defense articles;
 
      
 
 
(b) test, inspect, prove, repair, outfit, recondition or otherwise 
      place in good working order any defense article, or procure any 
      or all such services by private contract; and
 
      
 
 
(c) communicate defense information pertaining to any defense 
      article furnished hereunder, as valued and listed or otherwise 
      described in schedules, appropriately identified, now or hereafter 
      to be attached to this Agreement.