It would be impossible within the narrow confines of one volume to deal exhaustively with so extensive a subject as that of Canadian banking practice, but it is hoped that the parts of this subject dealt with herein will be found to be treated with due regard to their relative importance, and that no really essential information has been overlooked. As far as possible, all matters coming within the scope of the Bills of Exchange Act have been purposely omitted, because an intimate knowledge of the act itself is essential to every business man and banker.

Altho Canadian banks may differ in bookkeeping and methods, the general principles and aims of their systems are the same, and the reader should have no difficulty in understanding the forms and methods explained in the Text, and in interpreting them by his own experience. Too specific explanations have been avoided as far as possible, lest the principles involved should be buried under a mass of detail.

The present edition of the Text has been revised and brought down to the end of 1916; the bank and other financial statements presented reflect conditions existing prior to the commencement of European hostilities, inasmuch as these statements represent the ordinary position of the banks. More recent statemerits reflect the abnormal conditions induced by the war, and are therefore but of temporary interest.

E. L. Stewart Patterson. Sherbrooke, Que.