a SE I Sa a ‘Shipping volume through the ,. Port of:Prince Rupert is now the. '. third highest in the’ Ports Canada system: after Montreal and Vancouver, and the economic benefits from that ac- . tivity “have repercussions throughout the region. ‘That’s the message given to- _ members: of the Terrace and District Chamber of: Commerce last week at a luncheon meeting by Bob Tytaneck, general manager-for the Prince Rupert ‘Port Corporation. Last year 12.4 million tons of. com- modities were shipped through . the port, and it is currently at the Pesinning of a $37 million ex- pansion. . Tytaneck described the Ports Canada system and Prince Rupert’s role in it in glowing terms, trotting out. national Statistics because, he said, ‘‘! like big numbers,”’ Ports Canada, he said, is the most financially sound of all federal crown corporations,’ having filed a net income in 1988 - of $5.3 million, Port Corpora-- tion activities, including indirect effects, generated $2.7 billion in ‘personal income.across Canada | and paid $780 million in taxes, he said, . In Terrace that activity mainly takes the form of rail and truck - Tenajon ready Tenajon Resources is prepar- : . ‘ing to launch a major explora- - tion program on a gold and Silver property near Stewart. - Tenajon, a member of the Northair Group that also in- cludes Newhawk Gold Mines, developers of the Sulphurets mine, recently released the results of preliminary drilling done in 1988 on four zones on the. SB property. SB lies west of Westmin’s Big Missouri mine, scheduled to’ start producing this year, and about 30 kilometers north of _ Starting a service _ business — part Il A service business is like any other by Phil Harti, Manager, Terrace Federal Business ~ Development Bank business, in that it must be well planned, - * adequately financed and carefully . managed to be successful. It may be a relatively short step from (for example) doing your own household repairs to doing them full-time for others. But if the step is to be taken suc- cessfully, it must be taken in a business- . like way. . Start by calculating the costs. How much i is needed for capital expenditures. such as office furniture, improvements: to the premises and tools? How much ‘more is needed for opening costs, such - as a vehicle and gas, insurance, professional fees, rent, advertis- ~ ing and so on? Because there are almost always unexpected costs, add: 20 percent for those contingencies. - Then you should have a reserve fund of at least three to six months of overhead costs and salaries to cover the possible lack of adequate cash flow during the initial period. Consider now how much your business will earn. Start with the ‘revenue from the sale of merchandise. If you are doing household repairs, the merchandise could be wood, paint and plaster. Add to the sale of merchandise what you expect to . realize from the sale of your time and skills. From this total revenue, deduct the cost of merchandise. . Then total your operating costs — rent, telephone, vehicle and so on — and deduct them. The balance will represent your operating income and the measure of how profitable your business will be. Before you can make such calculations with any degree of ac-. curacy, you must first.establish just how much demand there will be for your service. Will it be strong enough to keep you fully employed? What about the competition? How does it compare in quality of service and pricing? The answers to these and related questions may cause you to. -revise your plans, If there is active competition in your area, maybe you should locate elsewhere, or possibly you could take. ‘on additional merchandise to supplement your service income. Your inquiries may also reveal an unexpected need for specializa- ‘tion or a segment of the market which has not yet been tapped. If your preliminary planning is comprehensive, you should _ know whether it will pay to take the-step of turning a domestic or part-time occupation into-a full-time business, You will also - know what the costs are and what you might to do reduce them you might do to increase them. ~ if they appear EXCESSIVE, what your revenues will be, and what What remains, if you take the step, is to assure that you manage your business within the scope of your projections. If you incur unexpected costs, you must find compensating in- creases in revenues. Having a detailed plan and keeping to it are as important to a successful service business as to any other. _sutface drill holes ” transportation, “Tytaneck ‘said about 45° Canadian National Railway jobs are permanently . based in Terrace and an indeter- minate but | number of jobs in trucking. He estimated the aggregate affect on the local economy to be | about $6.5 million in personal income and $1.5 million in taxes. ‘‘significant’’ The port’s major growth i in re- cent years involves. shipping of lumber, he said, and the Fair- view expansion will accom- ‘modate the need. for greater capacity in that area. The pro- ject will give the port an addi- tional 200 meters of dockface to drill. Stewart. Tenajon president Don MacLeod said the exploration program to date involved 15 _ in the Kansas zone, 36 underground holes in. the Face Cut/35 zone, two surface holes in the West: Kansas zone and four surface holes in the Anomaly zone, The latter two zones are the most recently explored, and MacLeod expects the 1989. drilling pro- gram to concentrate on those zones. Results of the 1988 drill- ing include a 20-foot intercept grading 2.749 ounces of gold per ton. Current estimates by. Esso Minerals, a 50-percent joint ven- ture partner in the property, place probable and possible re- - gerves on the Katisas and Face Cut/35 zones at 308,000 tons of ore grading an average of .505 ounces of gold per ton, MacLeod said details: of the 1989 exploration program will be announced when the com- pany’s budget gets approval. Home owner grant rises Revisions to the education funding formula to reduce the impact of rising assessments were announced recently by Education Minister Tony Brum- - met, These changes are in addition to the changes announced in the March 30th provincial budget by Finance and Corporate Rela- tions Minister Mel Couvelier, which increased the home owner grant for 1989. The standard home owner grant will increase by $50 — from $380 to $430 -— for 1989. Homeowners: who are 65 or over, disabled, or recipients of a war veteran’s allowance, will have their grant increased by $70 — from $630 to $700 — for 1989, Rising property values in some areas have produced the likelihood of increased variation in school taxes between districts. To limit this variation, the pro- vincial base grant has been in- creased from 55 to 57 percent of the shareable portion of school district. budgets. The effect of the grant for- mula changes will vary from district to district. Actual taxes will not be known until school boards adopt their budget bylaws on or before May 1. half. to compilete.. Tytaneck also noted ‘that the 7 port corporation is currently seeking expressions of interest ji for developing the recently i: demolished Westview.terminal. . Tytaneck acknowledged. that i" he takes some ribbing about his #& name and the fact that he’s in- “and | require , about a year and : volved in a maritime career. But he noted that there’s another connection: .“‘The port’s coming of age, and I believe we’re fulfilling the dream of Charles Flayes, carrying on his vision for Prince Rupert.’” Hayes, who was responsible — for making Prince Rupert the terminal for the Grand Trunk Pacific Railway and imagined the port as rivalling Vancouver, - was one of the 1,500 people who BOB TYTANECK: Port is coming of age. perished when the Titanic sank off Newfoundland. “University group named_ Victoria has named the mem- bers appointed to the Implemen- tation Planning Group for a northern university, and ‘one Terrace name, Joyce Krause, is included on the list. The Imple- mentation Planning Group (IPG) will. be responsible for creating a plan for the creation of a self-governing, degree- granting institution for northern B.C. A deadline of Dec. 31 this year has been set for completion of the plan. Horst Sander, president of Northwood Pulp and Timber Ltd. in Prince George has been named as chairman and also included as members are ‘Elsie Gerdes and Murray Sadler, pres- ident and past president of the Interior University Society, Dr. Allan Gillmore from the Associ- ation of Universities and Col- leges of Canada, B.C. Hydro Chairman Larry Bell, the assis- tant deputy minister of Ad- vanced Education, the assistant deputy minister of Health and the assistant deputy minister of Environment as well as three other Prince George residents and one from Dawson Creek. According to Hagen, eight of the 13 members are from north- ern B.C. and the government "UNRESERVED © representatives were chosen be-: cause of their responsibilities for post secondary education and their involvement in regional economic development. “The membership of the planning group reflects the gov- ernment’s commitment to create a degree-granting institution in and for the North,” says Hagen, “giving consideration to the re- gion’s economic, social and cul- tural requirements as well as the need for academic quality and degree credibiltity.”’ . Bruce Strachan, MLA for | Prince George South adds that, “A northern institution must help meet the needs of ihe north for highly skilled workers and professionals. It must address economic development needs, accommodate the conditions of life in the north and provide an infrastructure for quality growth,” According to Hagen, the planning group has been asked to consider alternative models for a northern institution and to report on the anticipated bene- fits, costs and risks of each. He says they will then select a pre- ferred model and develop a pro- posed implementation plan and time table, CANFOR’S GRANDE PRAIRIE STUD MILL WEDNESDAY, MAY 10th — 10:00 A.M. PLACE: GRANDE PRAIRIE, ALBERTA ENTIRE SAWMILL @ PLANER LINE @ ROLLING STOCK INFEED - Dico KI66E & Barko 350 log Idrs. @ 4circ. swing c/o saws © B steel ‘tog decks @ log troughs © 6-66" saw slasher deck © DEBARKERS — ‘orano SO" (1867) ® Cambio 18” @ Morbark rosser head ® Brunette 27" @ MAIN MILL — Circ. 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