portation will do the manufacturing, and that Canada will be the great home of the pulp and paper industry of the world.
The precious metals are found more or less in almost every portion of our country, but their exploitation is still in its infancy. Nevertheless, as a producer of gold Canada, in the last year for which full statistics are available (1903), took rank as the fifth country in the world.
Coal and iron, the great bases of modern commercial development, are found in very large quantities. It is no doubt true that with a sparse population, with a limited home market, and with great distances to cover, the pioneers of our iron and steel industries have found it difficult to make headway against the highly organized and specialized industries of richer and older countries. A good beginning, however, has been made, the initial difficulties have been largely overcome, the works are now reported to be flourishing, and a steady development may reasonably be looked for.
In the development of water-power, its electrical conduct, and its application to the various services which require the application of power, we have little to learn from any competitor. Canada is the home of the water-power, and as rapidly as the application can be rendered profitable, power is being developed. Not to mention hundreds of minor enterprises, power is now being electrically transmitted from Shawinigan Falls to the City of Montreal, a distance of about ninety miles, and development work is going on by which the mighty power of Niagara will, within a very short time, be rendered available for a radius of one hundred miles upon the Canadian side of the river, proving of incalculable benefit to the locality directly affected, and indirectly conferring benefit upon the whole country.
I have referred above to the natural obstacles presented to the work of development in Canada. Unquestionably the overcoming of these obstacles and the establishment of efficient transportation agencies constitute the greatest achievement in our history.
