The Victory Loan which was mentioned in my last letter as about to be issued has during the past month been subscribed for more than twice over. The amount asked for by Sir Harry Drayton, the Fianace Minister, was 300,000,000 and the sum subscribed was $673,199,790. There was some idea that the impetus of the war being missing, and the Loan being subjected to -income tax which was not the case with the previous Loans, the public would not subscribe so freely as before, but the figures speak for themselves, The largest number came from the Province of Ontario, which is called the Banner Province, and the amount sent in from there was $3541,624,500, as compared and to meet all its obligations, is shown by the total deposits in the chartered banks rapidly approaching the $2,000,000,000 mark, while the total deposits are nearly $3,000,000,000, according to the October bank statement.
Text read from the printed page and cleaned; old type leaves the occasional error.