3 - equally willing to gamble on California's future began sweeping into the Golden State. It is a tide of new business and industry which is flowing as strongly today as ever. in 1 say to you that the business and economic outlook In California and in San Francisco today is excellent. Our opportunities could hardly be greater. And the challenges and problems and risks which always go hand in hand with exceptional opportunity are just as great. Statewide we have the monumental task of keeping pace with our new population in terms of jobs, industry, goods and services. While California is enjoying rapid expansion of its human resources, like any area, its natural resources are limited and must be developed intelligently. California has been abundantly blessed with many natural resources and has easy access to other raw materials as well as export markets because of its strategic location. Our dwindling petroleum resources can be supplemented by imports. Perhaps our greatest problem is seeing that there is sufficient water to turn the wheels of industry, to wet the thirsty throat of agriculture and to meet the everyday Fortunately, again, California I believe has new as it did in the thirties, man of the stature to solve the problems--men, as it says at our State Capitol, to match our mountains. In 1933 the great Central Valley Project was launched and now serves our valleys well. Today, with the leadership of Governor Knight, the Legislature is wrestling with a huge addition to the Central Valley Project--the Feather River Project. Further, with able direction from California's congressional delegation, Congress has underway two further additions--the Trinity project and the San Luis Project. The launching of these projects--all additions to the Central Valley Project--will solve our water needs far into the future. It is up to us--each and everyone of us, whether he be businessman or labor representative, civic leader or homeowner--to give our elected representatives the support and the encouragement necessary to get the water job done.