Monday, April 24, 1967 gartens or whatever you wish to call them because the mother's will not want their children carted too far. At the age of five there is always a danger so these pre- schools should be divided around the town. From looking over the situation I think we would be quite satisfied if the present Government would give us eight of these classrooms in the town of . Of course, we want another of these schools in Wellington, we want another one in Richmond , we want another one in Kensing¬ ton, we want one in Malpeque , Spring Valley , Grand River , Lot 16 and we will even go down to and Mont Carmel . So if this plan is inaugurated this fall I think it is going to be a wonderful thing for all those people. Just in the center of , we will have about thirty of these schools at no cost to the people. I think this is a wonderful thing and I hope this Planning Group will not take four years to bring in their report. Now, in regard to Fisheries, I have been trying to obtain some information from the Minister of Fisheries but it seems hopeless. I have asked on a number of occasions and, it has been asked by other members of this side of the House, what progress is being made regarding providing assistance to the fishermen in District Eight. We are still waiting. Sometimes I wonder whether the Minister knows where District Eight is or whether he knows the serious loss the fishermen had in that district last year. The fishermen are now asking, "When is this coming through? We want to start oreparing our gear." Most of these fishermen were left, last year, owing the Co-op Fisheries large sums of money. I understand that there was great hopes at first that the Federal Government was going to assist the Province in help¬ ing out these fishermen, but now this has been a change of heart and they have been turned down. We hope that we won't have to wait too long for some definite word about this assistance that was to be provided for the fishermen of District Eight I was very pleased to note also in the Speech from the Throne that additional facilities were to be provided for Senior Citizens who require chronic care service, and I was also pleased to note that Public Housing Units will be constructed in those areas where the need and demand are demonstrated. But it is strange that we should have this section worded that way when the Government has already been informed that Low Rental Housing can only be available to Summerside and Charlottetown . But the Speech from the Throne says th*t they will be conrtructAd in those areas where the need and demand is demonstrated. We realize that Housing is beginning to be a serious problem in this Province and there have been many pressures put on the Gov ¬ ernment to try to rectify this situation. But I wonder if Low Rental Housing, which has been talked of and which we provided legislation for, is the answer for this par¬ ticular problem? We know that housing loans are very difficult to obtain and I'm reading from Business Management here when it quotes the feeling of many of the real estate people in Upper Canada . One party says we have made no definite plans for 1967, anticipating the shortage of funds. From Montreal , the President of the Construction Industry says, "I have a large apartment to build, thirteen floors, one hundred and forty four suites. I have not been able to get a loan for the past two years. My land has been assembled for the last four years, all preliminary plans are ready. If tight money is not better this year I will have to hold the plans until 1968 and we have other opinions here." "Our Building Program has been greatly decreased in 1966 due to tight money and will continue in 1967 if the conditions don't change." As this is the problem, I think that the problem of financing homes is postively more severe in this Province. Private capital are not investing money in mortgages today. I dare-say that there are hardly any farms in this Province that are financed by private capital today and this is becoming the situation in Housing. The large Trust Companies and Insurance Companies are investing their money in the larger centers of and Toronto where they realize that this will cut the cost, administration costs and then, instead of submitting a thousand loans, they can put their money in one building which cuts their cost considerably, even thought they may get a smaller amount of interest. So this is making it very difficult for our people to obtain the necessary funds. Furthermore, our low wage level in this Province causes another problem in that the down payment on homes is very difficult to obtain. At the present time I understand that second mortgage rates are running as high as 12%, so I think that even though we will proceed with some of the Low Rental Housing, I do not think that this is the answer to our particular problems. We, in this Province, have more homes owned by the residents than any other Province in Canada and I think this is a real answer to this problem, "Home —268—