Terrace Herald Staff Phatagrapher Mark Hamilton was
able (o graphically illustrate the minor construction boom in the
commercial industrial sector of Terrace with his camera ascan
be seen on this page.

The approximate value in so far as the city’ s assessment rolls
are concerned is $1,250,000. However all of this amount will nol
show up on the 1972 roll but will all figure in (he cily's tax billing
hy next year.

In addition to the commerical-industrial construction, itit is
» estimated that the close of business for 1972 construction
permits will have been issued in the residential domain for in the
heighbourhood of some $800,000 in assessment value.

The grim picture of ihe Terrace assessment ratio is not
changed much hy this construction activity as it shows an
increase of about ten per cent which does not keep pace with the
annual raise in operation costs which is in the neighborhood of
ten per cent per annum. ;

It does indicate however thal we are not losing ground and
with good administration the city fathers can continue to
provide some additional capital cost budgeting for additional
services and up-grading work such as has been going on this
year,

Construction indicates that the total assessment for the cily
will be close to $23,000,000 when all new construction shows on
the rolls. Of this amount, unfortunately only $5,250,000 will be
shown on the commercial-industrial assessment rol. This
means (hat the home owner remains in the unfortunate posilion
of paying close lo 75 per cent of the total operating costs of the
city.

There does not appear to be any chance that this unfavourable
balance will ever change unless the cily can oblain a major
industry within its boundaries with an assessment value of at
leasl fifty per cent of the total assessment.

There is a ray af some hope in the offing this very day as we
have learned that Deputy House Speaker, Hartley Dent has
arranged a meeting this afternoon between representatives of
Richmond Plywood. and the Honorable Robert Williams,
Minister Lands and Forests. (See details on page one)

The crux of this would be establishing ihe proposed plywood
spinning mill with in the taxable confines o1 the community.
Land is apparently available from prival e interests.
Unfortunately, the city being a new community and not having
been favoured by lavish grants from Crown lands such as
several other communities, does not own such tand nor has it

the funds to acquire any in the forseeable future.

If the operators of this mill get what they need from the
minister in the way of raw products and decide to locate in the
Terrace area, the city fathers must, and no doubt will, take
every opportunity to obtain this large investment operation

within the borders of our fair city, if thehouseholder is to gelany
land tax relief.

. we

THE HERALD, TERRACE, BE.

Construction with an assessment value of $2,000, 000 under way in in

Trigo’s Footware are getting their

new store. They're
around the clock to fin

working almost
ish this: structure

at the corner of Kalum and Park,
across from the library.

Yee tae Be

The new facilities of the Terrace and ‘The new office, located on Lazelle, will

District Credit Union are taking shape.
FIRST FOR CANADIAN INDUSTRY

replace the present offices in the

he

! io

pe vee mar.
fi t

"The

ORE Stance aman eee

Kendal mining
and exploration

SSEPREEEAIES

PROGRESS REPORT |

Kendal Mining and
Exploration Company Lid.
(np!), with offices in Terrace,
B.C. formerly ‘Kleanza’ Mines
Lid. (npl), in’ a> letler to
shareholders dated. today
advised of the company first

- rights of refusal to purchase an

inlerest in an existing
exploration agreement on a new
mining property. Directors of

the company have agreed to°

proceed . with - the acquisition
Which involves aUsA. ‘major’

‘

’ mining company.

On complelion of all
documents. and approval by
regulatory bodies, shareholders
are‘lo be advised of details

concerning the agreemenl,-

exploration already compled en
(he properly and other related
informali¢n.

‘Kendal’ conlinues to hold in

- good standing, lwo other mining
the’

properties, namely,
‘Croesus’ and ‘Hope Silver’, on
which work | programs are 1 be
carried out.

: Alean declares dividends

‘Directors of Alcan
“Aluminium Limited today
declared a quarterly devidend
of-20 cents per share, U.S.
funds, on ihe commen share of
the company, payable 5
December 1972 to shareholders

.of record at the close of business

6 November 1972.

The number of Alcan
Aluminium Limited common
shares issued and outstanding

‘as of 30 September 1972 was:

32,944,239.

A quarterly dividend of 42

cents -per share in. Canadian

4M. per cent . ‘curulative

- redeemable: convertible

perferred shares of -$40 par
value of the company, payble 15

January~ 1973 te preferred |

shareholders of record at the
close of business 31 December

currency was declared on the a

Terrace Co-op building. . §

Alcan deals with U.S.S.R. for patent

Alean hasn't allained the
posilion which it holds among
the world’s leading primary
aluminum: producers withoul
coming up with better ways of
doing many things. Our success
in selling technology in various
parts, of the world testifies. to
this...

But by the same token, when :
_ Someone else invents a solution —
to a problem that ‘can result in
Brealer efficiency, Alcan is
quick lo lake advantage of an

opportunity lo buy the rights to,

use the new technology.

This was the reason behind.a
visit this spring by a group of
four representativers from

Head Office to the USSR, They.

were Alcan Smelter Services
Limiled- president James
Cameron, Tom Edgeworth,
Paul Lemieux of Alcan
Research and. Development
wilh specialized knowledge’ of
_ patents, and Henry Nercessian ~
to act as, the group's ° in-
terpreter., ¢
CANADEAN: PATENT:
‘Purpose of the. Russian trip
was lo negotiate with. Y-0
“ Licensintorg’ of .. Moscow. for
the use in Canada of a Canadian
patent held”. by. the “USSR .

Scientific Research and Design .

Insititute. of .the Aluminum,
Magnesium and - ‘Electrode
Industry .on, a“‘bus.bar.system:

for aluminum reduction eells."” --

- Purchase .of the rights to.
; apply, ‘the Russian. technology .

are connected to the cells,
Significant improvements in
power efficiency are to be,
expected,

ALTERNATIVE

“Alcan had developed and
patented an alternative
method,” Mr. Cameron ex-
plained, “consisting of an
auxiliary bus bar which set up
its own magnetic ‘field to

neutralize any unbalanced -

fields from nearby . cells.

-However, this tends to be less

economical in power con-
sumption than the Riissian

was a first for Canadian in. °F

In: high: samperage
jon cells (such as Alean

-has at Kitimat), itis well know
he strong . electromagheti¢
Tust- be” earefally:
‘minimized-and made as: sym-
melrital as possible...

Soviets have fount! a way’.

‘arrangement,”

Speaking aboul the Russian
aluminum industry in general,
Mr. Cameron emphasized the
vast scale of operations
in the Soviet Union.
“They have huge hydro
capacily in Siberia. Alcan has
about 3% million kilowatts of

installed capacity in Canada,
whereas in Siberia there is an’
-estimale. 28 million kilowatt -
potential,
kilowalts of it installed, —
“We were inviled to see their

: largest smelier, but we just

at least 10 million °

couldn't take time for the trlp to
Siberia --] was last there myseli
in 1969, Bul we were very

‘pleased that they think well
‘enough of us o open up and

show us so much."

And; he might have added,

{hat negotiations for. using the

Russian development that has-

2 BRAND NEW 3 BEDROOM

been patented in Canada. were ©

successful.

Invtallation of the bus bars in’
Alean’s Canadian smelters will

be uidertaken shortly,

‘ {Reprinted from the ingot .

with permission)

4604 LAKE Lse AVE,

_ TER RACE, B. 6.

TE L.

638. 4442 2 | q

“Ready to. move ) Into

FULL PRICE..

v
de eeoeneeas

an
‘

Bank of Montreal’s new building |
onthe former Bob Parker Ford lot. The -

bank has gone uprapiuy siuve the auto
dealership was pulled down. _

“Greentree Gallery

114 Queensway Thornhill

Fine Arts

Handcrafted

Arts

Unusual
Jewellery:

‘Special .

showings by

local artists

TUESDAY = SUNDAY 1-5 P.M... ,
-TUESDAY:- FRIDAY 7-9 P.M.

MODULAR HOMES

‘i FT. LOT, CONCRETE: FOUNDATION; WATER AND 1 SEPTIC: -

‘

‘HYDRO; WALL TO, WALL: TARPET. FROST FREE FRIDGE, , STOVE: : af

1