Per chevron Azure and Vert in chief a demi-sun Or rising from the base.
(Glossary of Heraldic Terms)
The green section represents a mountain, and in this instance refers to the Malahat Range on Vancouver Island. The sun, although heraldically described as rising from the base is intended to refer to the sun setting in the west and is derived from a similar device in the Arms on the Province of British Columbia. The blue suggests water or the sea.
Naval Reserve Division, Victoria, British Columbia
NAVIS EXERCITATIONE PARATA (A ship prepared by training)
Gold and Dark Green
None
The Insignia and Lineages of the Canadian Forces Volume 2, Part 1 Extant Commissioned Ships, Directorate of History and Heritage, January 1, 2001.