November 19, 1989 |
For 50 years America has been leasing one-tenth of all the land in Bermuda for one British pound a year or $1.57 at the current rate of exchange. The United States got the bargain because of Adolf Hitler. A 100-year lease was agreed upon in 1940 when Great Britain was at war with Germany but the United States had not yet entered the war. "America gave Britain 50 old Navy destroyers.