Mr. Si. Laurent (Quebec East):
That matter was considered, and I will say at once to the committee that the reason we felt there should be an endowment provided in the same bill is that we want to get the right kind of people to act on this council. We wanted them to have the assurance that it was something serious, and that they were
going to have at the very outset an endowment fund that would lead them to believe they were going to have the funds required to carry out this important task in the interests of the Canadian people.
With respect to the third portion, the university grants fund, the bill will provide that they can make these grants for capital purposes in furtherance of the general objectives of the council, and it will be a matter for the consideration of the house as to where and how the universities will be able to carry on the basic work with respect to this intellectual development, to use the term suggested by the hon. member for Greenwood. If, as I believe, there will have to be an expansion of the capital equipment in the form of buildings and other capital equipment to enable the universities to do their part in this intellectual development, then it seems that the council might be the appropriate body to make the allocation of such funds as would be available from the vote of parliament.
Subtopic: PROVISION FOR ENCOURAGEMENT OF THE ARTS, HUMANITIES AND SOCIAL SCIENCES