The idea is to get the people interested in the lumber business to contribute timber for the building of the ships, and to take payment for it in stock in the ships. I may say that I received a copy of this Bill only to-day, and I have not yet had an opportunity of perusing it with any great care; but the main idea of it is that a commission is to be appointed which will give loans to persons building ships, to the extent of 55 per cent of the value of the ship, the balance of the loan to be guaranteed on very stringent conditions as to operation, etc. The Bill also proVides for a subsidy, or loan, to shipbuilding plants, of 55 per cent of the value of the plant. The total amount the province proposes to set aside for this purpose is some $2,000,000, and with that it is hoped to build up a .home-carrying trade. The conditions of the subsidy are that the. ships must return to a British Columbia port to re-load. It seems to me that if the Government could see its way to further this policy in some direction it would be of great benefit not only to my friends in the Maritime Provinces, but very much more even to us on the Pacific coast, and for my part I would be very glad, indeed, to see some action taken along these lines.