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Cover and illustration of the paper: Two Deals, One Tuesday: Greenland, Chagos, and the Going Rate for a Base
The Bursar’s first approved treaty

Two Deals, One Tuesday: Greenland, Chagos, and the Going Rate for a Base

Being an examination of the Agreement signed at New York on 22 September 2026, of what the Agreement of 1951 had already given, and of what a base costs when the host keeps the freehold.

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Applied Economics, Creative Accountancy & the Bursar’s Nerves · 2026

Principal finding

Denmark gave the United States, in writing and for ever, what it had given in 1951, kept the freehold, paid nothing, put the Greenlanders’ names in the treaty and let the guest call it control. Britain proposes to give the freehold of Diego Garcia to a third party, pay £101 million a year, ask nobody, and be told by the same guest that it is terrible. The base is the same base. The difference is who kept the keys, and the going rate, established on Tuesday, is nil.

The Agreement of 22 September 2026, the Agreement of 1951 and its amendment of 2004, the history from 1941 (Kauffmann, the offer of 1946, Camp Century, the crash of 1968), the figures and the statements of the President, the two Prime Ministers, officials and commentators are real and referenced; the Golden Dome’s three price tags are the White House’s, the CBO’s and the AEI’s. The Department, its Fellow, the Bursar’s approval, the Agreement of the Water Meadow and the draft in Appendix C are not. Greenlanders’ unease is quoted; the jokes are about Washington, Whitehall, the Bursar and the College.