Two years of war as viewed from Ottawa

The early days of a year are always a time of retrospection, of stock-taking, of comparison and of making high resolve for the future. Never in history has there been such a national stock-taking as that now going on. Six of the world's greatest powers and many smaller ones are anxiously balancing the losses and gains of the last two years and examining their resources to ascertain how long they may yet sustain the struggle that will decide their fates.