i Feeling fleeced SOUTH HAZELTON sheep farmers and Skee- na Cellulose silviculture contractors Rene (above) and Bruce Chandler staged a one-day protest outside of the Toronto Dominion Bank Oct. 22. The Chandlers, who've used sheep to brush forest lands for the forest company, say an SCI cheque worth $30,000 has bounced and they're owed a further $40,000. Over the past year, they've been forced to sell al! but 40 of their flock, CONTRIBUTED PHOTO Costly blockades BLOCKADES of Skeena Cellulose’s Terrace and Smi- thers sawmills cost the company several hundred thou: - sand dollars. Incoming cash was $11.5 million, or $644,000 lower than expected in the last three weeks of September, ac- cording to court appointed monitors. The reduction was “due in large part to a series of de- -Monstrations by unpaid-contractors who blocked lumber . Shipments from the Terrace and Smithers sawmills,” said their report to the court. ‘ SCI entered its second 30-day period of creditor pro- tection on Oct. 5 with $5.6 million cash on hand. The , company expects to sell nearly $7 million worth of lum- ber during October. By Nov, 2 cash on hand is expected 10 grow ta $5.9 million. Liens filed LIENS worth $762,000 have been filed against Skeena Cellulose. Most of the claims are under the Woodwork- ' ers Lien, the report of court-appointed monitors says. The largest claim is a lien for $342,000 from Frank Cutler of K’Shian Logging and Construction, according to a list obtained by the Standard. Other claimants are: John Black $158,682, Scatt Milne $106,982, Bryan Halbauer $78,814, Jone Black $34,427, Olaf Thorsen $33,018. Another lien, placed by Straightline Heating Sheetmetal and Gas, is for $7,487 and is under the Builders Lien Act.. Bank is first UNSECURED creditors and likely municipalities are out’ of luck if Skeena Cellulose goes bankrupt, according to 4 report of court-appointed monitors. SCI owes more than $400 million to the province and TD bank, which are first in the line of creditors if there’s no sale or restructuring of the company and it is liquida- ted in bankruptcy. “We estimate that the net realizable value of Skee- na’s assets is insufficient to repay the amounts owing ta the province and the TD bank,” says the report of mon- itor Arthur Andersen Inc, “As a result we do not expect any monies to be avail- able to the unsecured creditors in a bankruptcy scenar- io.” Fy nline CRIME AOE TIDS SrOPPERS LUCKY DOLLAR BINGO PALACE November 2001 November 2001 SUNDAY.” MONDAY - FRIDAY... SATURDAY. TUESDAY’. -WEDNESDAY - THURSDAY . Canadian Teqrace 747 Parente for French Terrace Little Soclaty jerks eee Theatre Society ‘Sod! ry Kinette Club of Tarrace Terrace Skat Tatrace Sony Sha in 4 5 6 7 3 > ~ |/10 Terrace Terrace Brothers and Terrace Art Thornhill Blueback AntiPaverty Big Sisters of Aabociation Junlar Tetrace Minor Benevolent Swim Ciub | [| Group Society Tartace 7 Secondary Hockey P Terraca Terrace-Kilimat Terrace Sociaty School Parent Association Ordor of Elks Ringette Alrshow Society Nisgo’a Torreon Minor Council #425 Association Society Softball Association) — — — — -_ psec | | Mount 12 13 14 Terrace 15 16 17 Community Terrace ‘Tarraca Crima Totem Sadao Ezobeth Terrace valuntesr’ | | AntiPoverty Stoppere cue Secondary Terrace Minor Peaks Bureau Group Society Society Terrace Hospice pain Baseball Gymnastics | | Royal Canadians First Nation's Terrace Socity j Legion Branc Nisga’a Terrace Youth Gouri | | Associaton cue : Counc! Society | [soseee assesition 19 [20 22 serace| [29 24 Caledonia alice AnttPoverty| | Mills Memorial Terrace Search Senior Soci Hospital and Rescue Terrace Minor Swim Club Group oly ospita Secondary Hockey Order of Shames Terrace Aunilllary ge Fiondatie School Royal Purple in Ski Salmond Terrace Nisga'a] -—2oe _ Parent Association Mowntarn . Enhancement Society Tenuoes Showed Council Ctub 25 26 27 ZBreisis.a 29 30 ui arrace Terrace Litue #5149 Commual Skeena Junior Terrace Minor Terrace 54, Theatre Saciaty mm ty School Parent Hockey Peaks Murstonat | [Kinette Club of Terrace Nisge's Council Association Gymnastles | | sisterhood and Terrace Soclely Club LEtders Society Sat, Afternoon Games Doors 11:30am. Games 1:00 p.m. Evening Games Doors 4:30 p.m. Games 6:15 p.m. Wed., Thurs., Fri& Sat. - Late Night Games Doors 9:30p.m. Games 9:45 p.m. (Late Night Bingos Are Now All You Can Play Main Cards Only - Wed.&Thurs. $8 2a,, Fri.& Sat. $10 ea.) Bingo Every Saturday AHterncon AISLE CONCESSION T.V. MONITORS ESN 4410 Legion, Terrace : Bea a tlhe Toyota Corolla was the highest ranked entry e Compact car in 1D. Power and Assaciales 2000-2001 Initial Quality Study". The Cambridge, Ontario plant was the highest ranked plant in North America among plants producing Or get 7 aw retail financing for up to 36 months vehides for the US. market in LD. Power and Associates 2601 [nial Qualty Sludy™. 2001 Study based on a total 54,565 consumer responses indicating cwner reported problems during the fist 90 days of ownership. weavjdpower.com. Leasing/financing plans ftom) Toyala Credit Canada Ine. CAC. {[Mileage based on model year 2002 Caroll described. **Finance example: $20,000 at 1.940 per annum equals $572 per month for 36 months. C.O.B. is la CE Plus cityfhighway for engine size listed. “Amount of manufacturers’ contnbution towards features 5592 for a total obligation of $20,592, Finance example excludes tense, registration, insurance and taxes, ***Lease bared on 48 month walkaway lease and lease rate of 6.990 on Corolla CE Plus (model BRI2EP-B with automatic transmission) and down payment of $2,835 or trade equivalent, First payment and Security deposil of $275 due on delivery. Total lease obligation $13,827 and purchase option price of $8,680.80 based on maximum 98,000 kins. Additional km charge of $0.07 exudes license, zegistation, insurance and taxes. Offer valid on the all new 2062 Corolla CE Plus leased at purchased by for details. For more information call 1-B88-TOYOTA-6 q visit us at wwrw.toyota.ca Dealer may ‘ease/sell for less. - if applicable. Based on MSRP of $19,080. Lease includes a maximum of $995 for freight & PDE. Lease Oct 51st, 2001. ****Certain conditions apply, Dealer may lease/sell for less, See your participaling Toyota Dealer CP TOYOTA pregtaa 1-B8S-TOYOTA-8 @ www, toyota.ca The Terrace Standard, Wednesday, October 31, 2001 - A11