166 TRANSACTIONS OF THE ROYAL CANADIAN INSTITUTE. _ [VOL. XI 
necessity of co-operation between science, industry, labour, finance, and 
government—these, together with the wider outlook, the intensity 
of effort, the moral uplifting and the spiritual exaltation which the war 
has brought to us in its train are all assets which in themselves connote 
national greatness. If we conserve and cherish these, if we stimulate and 
foster the scientific spirit in our midst, if our industries more and more 
continue to look to science for direction, information and advice, national 
indebtedness will gradually pass away and with the memory of the sacri- 
fices we have made and the efforts we have put forth, for the liberation, 
peace and happiness of humanity ever before us, our Empire will rise 
purified and ennobled to an enhanced glory far beyond that which, in 
the past, with good reason, has been its chief pride and most cherished 
possession. 
FINANCIAL AND GOVERNMENTAL SUPPORT OF KEY INDUSTRIES. 
Had time permitted I could have referred here at some length to a 
part banking interests might play in developing certain types of manu- 
facture in this country which are at present lacking. I refer to the lack 
of manufacturers of such articles as glass tubing, thermometers, chemical 
glass ware, porcelain ware, meters of all kinds, certain types of technical 
apparatus, certain chemicals, gauges, dies, and machine tools. In the 
industries these articles are of a fundamental nature and are of vital 
necessity. In the past our supply was largely drawn from the United 
States, Great Britain, France or Germany. This means that much of the 
manufacturing and many of the researches in the works, in the Uni- 
versities, and the Colleges, are frequently held up for months at a time, 
Such articles would in Canada at first be manufactured in a small way, 
at least until types were developed which would command the market 
in foreign countries. Those who engage in the manufacture of articles 
having a limited market would probably find it difficult to get proper 
financial support from our banking institutions. It is quite easy in 
Canada apparently for railroads, electric development companies, steel 
corporations, milling and other large and politically powerful interests 
to have very large advances made to them by the banks under legis- 
lative or governmental guarantees, but it is not so easy for the manu- 
facturers of such articles as I have mentioned to get it. It is of great 
national interest however to have these industries in our midst, and it 
appears to me that if a Dominion Commission on Industrial Research 
would emphasise the necessity of developing these fundamental in- 
dustries in our country that the Government would soon take such 
legislative action as would induce our banking and financial institutions 
