Cniuiflidn Fori'slrt/ JoiinKiL .1 (tiUKirii. 191H 



1 195 



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('■Dill li sii "Sunshine" 

 WATER POWER DEVELOPMENT IN BRITISH COLUMBIA 

 The waters of Lakes Coquitlam and Buntzen being at different levels are connected by a 

 tunnel and a series of enormous pipes, the power house translating the flow into electrical energy^ 



we shall need much more. We know 

 the rate at which consumption has 

 increased, so that we can figure that 

 in the future, decade by decade, we 

 shall need so and so much timber. 

 We do not yet know exactly or even 

 approximately how^ much we have. 

 We have reconnaissance figures for 

 British Columbia and Nova Scotia, 

 a guess for Ontario and partial ac- 

 curate estimates for Quebec and New 

 Brunswick. We must ascertain 

 roughly our stock, then we must find 

 out how fast it is growing, the amount 

 which is being added year by year^ 

 and also the amounts w^hich can be 

 predicted for the lands which have 

 been burnt over and cut over. With 

 these figures before us we can then 

 say that the present stock will last so 

 many years and w^e shall have to 

 plant so much per year to meet the 

 needs of the future. The prosperity 

 of not only the timber using indus- 

 tries, but also of the country in general, 

 is bound up in this matter. We have 



the men who can do the work, all we 

 need is an educated public sentiment 

 which will back up our Governments 

 to spend the necessary money and the 

 amounts needed, considering the value 

 of the work is relatively small, nothing 

 like, for instance, the expenditures on 

 good roads or other public works. 

 Reforestation work, once started, is 

 like the familiar advertisement, "it 

 works while you sleep," piling up 

 value in almost geometrical ratio. 



The Banker's y lew point 



Now^ I want to call your attention 

 to some of the things connected with 

 the forests which come within your 

 own special domain. In general, 

 before entering into financial arrange- 

 ments with a new^ industry, you 

 assure yourselves that the plant is 

 well designed, that the sources of raw^ 

 material are ample, and that the men 

 in charge of the work are competent. 

 Also, speaking generally you attend 

 to these matters with wood using 



