THE NATIONAL GEOGRAPHIC MAGAZINE 



© Underwood & Underwood 



WOMEN AT WORK ON MINE NETS 



Not only in the actual manufacture of explosives and shells have Britain's women been 

 bearing a large part of the burden of war, but in preparing these instruments of destruction 

 for immediate use. This group of war workers is engaged in wiring floats for mines. 



we are young and growing, and our 

 shoulders are broad. Canada never was 

 so strong or so prosperous as at this mo- 

 ment. The safest government bonds in 

 the world are those of the United States 

 and Canada, and I bracket them together 

 as regards security. 



Not merely have we raised these large 

 amounts of government loans, but we 

 have kept up the price of our bond issues, 

 so that every person who bought a Cana- 

 dian Victory Bond can today get for it 

 on the spot more than it cost him. The 

 brokerage and bond houses of the Do- 

 minion have been organized into a great 

 committee, and whenever any bond is 

 offered for sale it is at once resold to 

 other purchasers. 



The demand for bonds has been stimu- 

 lated until it now exceeds the supply, and 

 the market price is above the cost price. 

 Our government can borrow this year on 

 slightly better terms than it had to give 



last year. That speaks for itself for the 

 value of the bonds and the credit and 

 wealth of the country. 



In addition to paying for the upkeep 

 of our own troops, Canada has granted 

 war credits to the Imperial Government 

 of $532,000,000 with which to purchase 

 foodstuffs, munitions, etc., in the Do- 

 minion. Our banks have loaned the Im- 

 perial Government $200,000,000 more. 

 But despite the withdrawal for govern- 

 ment loans, the deposits in our banks are 

 $300,000,000 more than they were at the 

 beginning of the war. The country never 

 was so wealthy. 



HOW THE DOMINION TURNED TO MUNI- 

 TION-MAKING 



Prior to the war we lived too easy a 

 life, and our municipalities and corpora- 

 tions borrowed freely in Britain. When 

 the British markets were closed we 

 turned to the United States. Of our 



