Canada's annual pension list amounts to 

 $30,802,608, payable to 50,287 disabled soldiers 

 and 19,411 dependents. These include allow- 

 ances for 25,413 wives, 34,721 children and 178 

 parents of disability pensioners and 16,142 

 children of dependent pensioners. Up to June 

 30th of this year 20,126 additional pensioners 

 had accepted final payment of their claim, an 

 adjustment which cost the Government in all 

 $8,127,052. The total amount paid out in 

 pensions up to August 31st last was $101 ,414,216. 



According to the report of the Soldiers' 

 Settlement Board at June 30th, the number of 

 soldiers' loans approved to enable them to go 

 on the land was 20,465 and the amount of money 

 advanced $83,884,210. Of this amount $46,000,- 

 000 was for the purchase of land, $26,000,000 

 for the purchase of stock and equipment, and 

 the remainder for implements and the removal 

 of encumbrances. Of 12,233 liable for repay- 

 ments to the board in June, 9,302 had met their 

 obligation, 1,416 had made payments in advance 

 of their liability, and 390 had paid off their debt 

 to the Board in full. The total area of free and 

 purchased land held by soldier settlers is 4,854,- 

 799 acres, and up to June 30th the settlers had 

 broken approximately 600,000 acres of new land. 

 In 1920 the grain crops produced by them were 

 valued at $10,000,000. 



Over 50,000 Men Trained 



Following vocational training carried on by 

 the Department of Soldiers' Civil Re-establish- 

 ment, which had taken care of 51,455 men up to 

 August 31st, loans have been made to some of 

 the students for the purchase of tools and equip- 

 ment, and also to university men to enable 

 them to complete their courses. In the case 

 of 2,271 approved applications for such loans, 

 $623,857 has been advanced. 



A system of life insurance for returned 

 soldiers, without medical examination, was 

 devised and went into effect on September 1st, 

 1920. Since that time 5,636 veterans have 

 taken out policies ranging from $500 to $5,000, 

 the aggregate amount of the policies being 

 $15,410,000 and the premium income $189,240. 

 Up to September 30th last, seventy-one claims 

 had been paid totalling $185,862. 



For the six years ending June 30th, 1921, the 

 Department of Soldiers' Civil Re-establishmen t 

 has expended $105,159,531, of which some 

 $15,000,000 only went into buildings, equipment 

 and furnishings. The total outlay for war 

 service gratuities, paid to soldiers on their return 

 according to length of overseas service, approxi- 

 mated $166,000,000. 



Western Canada Farm Mortgage 



Five million dollars were invested by United 

 States interests in Western Canada farm lar.ds 

 in 1920, indicative of the interest and appre- 

 ciation across the international border of the 



Dominion's rich area lying west of the Great 

 Lakes. With increasing knowledge of the Can- 

 adian West, which perforce breeds boundless 

 faith in its soundness and assuredness of its 

 greater prosperity in the future, has come a 

 profound and widespread conviction that this 

 territory offers one of the best possible outlets 

 for the investment of savings or for speculation. 

 A favorite form this has taken has been thi 

 farm mortgage, years of experience havin; 

 proved the profitableness and impregnabili 

 of money invested in this manner in the Canadi 

 West. Many investors in the United Stat 

 from their previous acquaintance with thi 

 manner of investment, or from personal visi 

 to the territory in question, refuse other meth 

 of placing their savings, secure of the best o 

 results in the proved prosperity and integri 

 of Canada West. 



To one unacquainted with the situation i 

 may possibly suggest itsel. 7 that a farm mortgage 

 is an indication of insecurity and imminent 

 calamity merely impeded, and as such a 

 reflection upon a country's prosperity, but a 

 little reflection will prove the exact reverse. 

 Whilst it is acknowledgedly inadvisable to enter 

 upon the pursuit of farming, even on the cheap 

 lands of Western Canada, without certain 

 monetary resources, it cannot be denied but 

 that hundreds of farmers have the minimum of 

 financial backing when they file on homesteads 

 and make a beginning. They naturally do not 

 achieve the same rapid or substantial progress 

 as those who commence with greater capital 

 and their first years do not show a great deal of 

 profit. But the time soon comes when the farm 

 is fully proved and owned and assures a definite 

 income, and the owner feels justified in adding 

 the equipment necessary to conduct it in the 

 most efficient manner and also to provide a 

 more comfortable home for his family. 



Methods of Securing Credit 



The arrival of such a stage frequently i 

 farming operations and the advisability a 

 desirability of financing farmers at such perio 

 is universally recognized, though opinions on t 

 methods of effecting this may differ. In sorm 

 cases banks arrange to loan money; certain of 

 the provinces have arranged for rural credits; in 

 others the same object is achieved by the 

 farmers co-operatively. Another system is thi 

 farm mortgage, through which the farmer ma; 

 receive money on his farm to purchase machinery 

 or proceed with the erection of a house or farm 

 buildings. He regards the interest he pays not 

 necessarily as a burden but as an opportunity 

 to hire capital for a fraction of what it yiel " 

 him in increased production. 



It follows that those farmers will make t'. 

 most productive use of capital who operate i 

 sections where the cost of production is least in 

 proportion to the value of the crops produced, 

 and since land is the chief element in the pro 



ic 



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