Canada: NORTHWEST TERRITORIES: For Sale

If it had not been for the U.S. Navy victory at Midway, the story might have been different. But there it was: in an official exchange of notes made public last week, Canada dropped her option on the 550-mile Canol pipeline (TIME, March 5), built by the U.S. at a cost of $134 million when oil in the north seemed a vital requirement against a possible Japanese invasion of Alaska. Now Canol was on the open market, and there were no takers.

No maintenance has been done since the U.S. abandoned it last spring, leaving behind millions of dollars' worth...