This volume, the second of six concerned with the Second World War, provides an account of Keynes’s contributions to the solution of Britain’s wartime external financial problems between 1940 and 1943. It focuses particularly on his involvement in discussions, both in Whitehall and in Washington, concerning the operation of the Lend Lease Agreement and the terms of post-war economic co-operation under Article VII of that agreement. However, it also includes records of his discussions with American economists on the finance of the American defence effort in 1941 and his growing concern with Britain’s increasing problem of overseas indebtedness in the sterling area.