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‘“Water-power resources are of particular importance to the industrial and
domestic life of Canada. The widespread and favourable distribution of low-
cost hydro-electric power developed from these resources has been a vital
factor in the rapid industrialization of the country and in the attainment of a
high standard of living. The large developments in progress or under consid-
eration confirm the continuance of this trend, while the immense reserves of
undeveloped power offer opportunities for future progress . . .’’—Canada 1948
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