532 



C'diiadidii J'orcstrx Mcu/dcine, November, igso 



termine jtist wliat water is available and 

 where that water can best be used. The 

 Provinces have provided the necessary 

 lei^islation to govern ihcir part of the 

 work and it only remains to make the 

 Federal and Provincial machinery work 

 in harmony and co-operation in order to 

 ensure progress and success. 



The Question of Finance. 

 The main shoal on which the craft may 

 ground is that of finance. Except in 

 very small projects the cost is too great 

 to be paid by assessment and if active 

 <lovelo])ment is to continue it must be 

 by borrowed capital. At the present 

 time this class of security is not familiar 

 to Canadian capital and in any event the 

 amount which will be required is so 

 large that outside sources must be 

 sought. The only supply in sight at the 

 present time is in the United States where 

 irrig'ation bonds in times past have not 

 always been remunerative and where the 



hjcal legislation an<l other factors are not 

 well understood. However, if the first 

 developments undertaken were proved 

 sound and the legal machinery workable, 

 subsecfuent development should be much 

 more easily financed. The Provinces 

 feel lliat the burden of proof is at least 

 equally divided between the Federal and 

 the Provincial Governments and that 

 some mutual arrangement should be ar- 

 rived at wdiereby the earlier steps in co- 

 operative development can be made easy. 

 The settlers unaided can go so far only. 

 They are willing and a1)le to carry the 

 load but require some help in getting it 

 on to their slioulders. Given that help 

 they know the result. They know what 

 irrigation means — a more contented be- 

 cause a more prosperous people. It 

 means better homes and more of them, 

 a better citizenship, better schools, bet- 

 ter opportunities for everybody to make 

 2ood. 



THE UNIVERSITY OF TORONTO 



AND 



UNIVERSITY COLLEGE 



WITH WHICH ARE AFFILL\TED 



ST. MICHAEL'S, TRINITY and VICTORIA COLLEGES 



ARTS 

 EDUCATION 



Faculties of 



MUSIC 

 APPLIED SCIENCE 



Departments of 



MEDICINE 

 FORESTRY 



HOUSEHOLD SCIENCE SOCIAL SERVICE 



For information apply to the Registrar of the University, or to the Secre- 

 taries of the respective Faculties. 





Mention the Forestry Magazine for your identification. 



