Lease And Lend

Lease and lend, the 'lease and land' scheme was introduced by the Government of India as a war measure to facilitate the import of certain essential goods and to conserve them for the effective prosecution of the war. Oil and lubricants were among the goods which were controlled under this scheme. Under it, the Government prohibited the direct import of oil and lubricants from America through private agencies, whether individuals, firms or companies and took upon itself to import the required quantity, L.J. Leach & Co. Ltd. v. Jardine Skinner, AIR 1957 SC 357 (361): 1957 SCR 438.