Book Description

Excerpt from Final Report of United States Liquidation Commission: War Department To the honorable the Secretary of War: The United States Liquidation Commission - War Department was created February 11, 1919, "as the central agency" (1) to dispose of America's surplus war stocks in Europe, and (2) to settle all claims and accounts between Allied Governments and their nationals on the one part and the United States War Department on the other part, growing out of or in anywise connected with the war. The duties and responsibilities of the Commission have fallen naturally into two general divisions: (1) Sales and (2) settlements of accounts and claims. Sales. - The stocks, the disposition of which constituted a part of the Commission's task, were located chiefly in France, but some of them were in Great Britain, some in Germany, Holland, Belgium, Spain, Portugal, and Italy. Out of them more than 2,000,000 men were fed, supplied, and equipped pending their return to America at the rate of approximately 250,000 men per month until the return transportation was completed the latter part of 1919. Supplies and equipment of the estimated value of $672,000,000 were returned to the United States. The balance was sold in Europe for $822,923,225.82. Sales of approximately $108,700,000 were made for cash on delivery; sales of approximately $532,500,000 were made to the French Government; sales amounting to about $29,000,000 were made to Belgium; and sales aggregating $140,100,000 were made to Poland, Czechoslovakia, Serbia, Roumania, and other so-called liberated nations of Central Europe and the Near East. Those made to the nations mentioned are evidenced by their 5 per cent interest-bearing bonds maturing from 2 to 10 years after date. Other sales were made on short-term credits, which have been or are being collected by the appropriate Army services. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.