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There was real concern that SMS Leipzig or other units of the German Pacific Squadron would attack the British Columbia coast. The only counter was the old, small and slow HMCS Rainbow, commissioned in 1910 as the RCN's first warship.
Let's have Canada foresee this risk, consider this a priority RCN role, and in 1910 buy the best reasonably possible cruiser for its Esquimalt base. Due to resource and other limitation it's still a single ship role. So, what replaces Rainbow in Aug 1910 as a counter to the risk of German attack on British Columbia?