22 OCTOBER 1927, Page 35

We have received from the Royal Securities Corporation of' Montreal

a pamphlet setting out Some Objections to the United States Proposals for the St. Lawrence Waterway. The question is exciting much controversy in Canada. The American Government has proposed an agreement for the deepening of the navigable channel of the St. Lawrence and the develOpment of hydro-electric power on a very large scale. The Canadian Government is considering the matter. Mean- while Montreal has taken alarm. It is contended that Canada would be unwise in sacrificing her sovereign rights over the greater part of the St. Lawrence, as she might do if she entered' into such a partnership. Allusion is made also to the faet that. Chicago has recently violated the Treaty of 1909 by abstracting. water from the Lakes, and that Washington cannot or will not' prevent this. The pamphlet is deserving of attention.

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