In the course of the past summer I visited Canada, partly with a view to investigating upon the spot the opportunities which the Dominion might afford for mortgage investments, and partly in order to gain, at first hand, knowledge of the general financial conditions of the country.

The subject is one of great importance, and although the outbreak of war may have rendered all questions of new investments of purely academic interest for the moment, yet I hope that the following notes will be of interest to the Institute, and may be turned to some practical use in a not distant future.