The writer of the money market column in Capital gives an effective answer to critics of India's contribution towards the war by bringing in the Canadian analogy. He writes: Canada and Australia, where war loans have succeeded, do not occupy comparable positions. Canada has been given munition orders worth £100,000,000 sterling, and her export trade, in contract to India's is the largest on record. In the five years preceding war, when her military efficiency was working towards that perfection which made her early assistance so useful, India spent £100,000,000 on military purposes. What did Canada spend? What did Australia spend? Equal amounts! Assuredly not! Moreover, India's outlay was from taxation, and was based on the industry and sacrifice of an entire nation, even to the humblest.