The Mineral Industry-Review and Prospect

"NINETEEN sixty-six is a year of unusual significance in our Institute and in our country. It marks two-thirds of a century of service by the Institute to the people of the mineral industry and two-thirds of the century that Sir Wilfred Laurier said ""belongs to Canada."" As we meet here today within the historic walls of Canada's oldest city, a city that looks back on three hundred and fifty years of progress, I am reminded that it is almost a third of a century ago -in April, 1934 -that here in Quebec I first attended an Annual General Meeting of the Institute. It occurred to me that it might be appropriate to examine briefly the change that the middle third of this century has brought in the affairs of the mineral industry and, with some trepidation, to consider the prospect for the third that lies ahead.Opinions differ as to the relative importance of factors that have been responsible for the expansion and growth of Canada in its first hundred years. Some will say that it has been due to the abundance and fertility of agricultural land, others to the early enterprise of the railroads, and financiers believe that the banking system has been a major factor; -the fisherman -the forester -the teacher -each has his own view. I suspect, however, that most of us here would subscribe to the thesis of T. A. Rickard -miner, author, imperialist -who wrote, a gene-ration ago, ""Trade follows the flag, but the flag follows the pick,"" and thus agree that the finest contribution to progress, to wealth, to extension of frontiers and to inter-national trade has been provided by the mineral industry."