Page A6 - The Terrace Standard, Wednesday, December 23, 1992 _ BUSINESS REVIEW _ ject will move in. be finished in the new year. That's Bill Latvonen of Gordon and Lee Carpenters in the picture. should be done its part this week. Other sub trades will then SOUR or Getting framed WORK CONTINUES on an addition to the Twin River Estates senior citizen housing complex. The four-unit, two-fioor pro- The company QUT AND ABOUT: TERRACE — Totem Ford has purchased Norm’s Auto Refinish- ing. . “The staff will be the same and the name will stay the same,” said Totem general manager Brian Kennedy last week, Kennedy said the purchase means Totem will be able to in- crease the body work end of ils business. “We're in a WWII building on a small scale and it’s old,’’ he said. *‘Norm’s is a pretty appealing piece of real estate and a pretty appealing building with good ac- cessibility off of the highway and they’ve got good people,”’ Ken- nedy added. kkkkk B.C, Tel expects to handle more than 2.5 million long distance calls Christmas Day.. That’s about four times the number placed on an average day and means 1,000 B.C. Tel opera- tors will be on the job. Although B.C. Tel will ad cir- cuits to handle the load, it says ‘there will be some delays. Here are some tips to help avoid delays: 1, Spread calls throughout the holiday period, 2. Avoid calling between 7:30 a.m. ad 1:30 p.m. and from 6:30 p.m. and 9 p.m. Christmas Day. These are the busiest times. 3. Have telephone numbers ahead of time to avoid excessive use of directory assistance. 4, Where possible, direct dial. It’s faster and cheaper than using an operator, kekkk The federal and provincial governments have signed a $10 million agreement to boost B.C.’s tourism industry. Each government will spend $5 million over the next four years. Government spokesmen said that despite the need to save money, it is important fo maintain the competitiveness of the provin- cial tourism industry. wkkkkr The provincial government has approved development of a lead/zinc mine 270km north of Mackenzie. Stronsay Corporation, a sub- sidiary of Curragh Inc., can now go ahead and apply for permits and licences needed to begin con- struction. The mine should have a life span of 20 years and create 330 new jobs, says a government press release. I’ be an underground opera- tion and process approximately 3,500 tonnes of ore a day. Curragh’s hiring policy gives priority to Kaska Dena and Tsay Keh Dene native people living in the area, Alcan happy with legal ruling TERRACE — Alcan says a fcd- eral appeal court ruting in the case of a Quebec hydroelectric project backs up its assertion that the Kemano Completion Project doesn’t need to undergo a federal environmental review. The three Federal Court of Ap- peal Justices agreed the federal government has no power to sub- ject Hydro Quebec’s $1.5 billion Eastmain project to an environ- mental assessment. They overtumed an earlier judgment which ordered Ottawa todo a full review of the work. The court found Ottawa had no power to review the project be- cause it was part of the James Bay Project, which was author- ized in 1975. _ Federal environmental review regulations can’t be retroaclivcly apptied to government decisions made before the regulations came into effect in 1984, the court sald. Alcan claims the Kemano Com- pletion Project was originally ‘conceived and authorized 40 years ago as part of the original Kemano hydro project. The company also says the En- vironmental Assessment and Review Process wouldn't apply to Kemano Completion for a series of other reasons. The same federal appeal court this year overturned an earlier de- clsion that would have subjected Kemano to a federal review. The Rivers Defence Coalition is irying to appeal that ruling to the Supreme Court of Canada. So far the country’s highest court hasn't indicated whether it will hear the appeal, TS Repap executives remain optimistic despite deb TERRACE — This was sup- posed to be the year Repap capi- talized on nearly $2.5 billion worth of investment in new equipment and environmental safeguards. But a declining economy and depressed pulp market following a mid-summer strike have left it with not enough income fo pay down that large debt. Stock market analysts became worried about Repap (Skeena Cellutose is its northwest sub- sidiary) this time last year and those wamings are being repeated again. A recent article in the Financial Times of Canada is even suggest- ing Repap owner George Petty may have to either have to sell equity and thus lose control or scll assets to raise cash. Senior Skeena Cellulose execu- tives in Terrace several weeks ago conceded the company is Josing moncy but rejected it is in serious trouble. “We do not have a liquidity crisis as suggested by that partic- ular article’? said Skeena Cel- lulose chief executive officer Harry Papushka. “That article seems to have been aided and abetted’? by people who want to sell short, he said, (Selling short is a stock market deal in which people make ar- rangements to sell stock they do not actually own. They do so on the expectation the price will drop when required to deliver the stock. The profit comes from the dif- ference between the selling price and the buying price.) “tAs you: well’ know, every publicly traded forest products Dr. R.E.M. Lee Hospital Foundation 4720 Haugland Ave., Terrace, B.C. V8G 2W7 A thoughtful way to remember Is with an In Memoriam gift to the Dr. R.E.M. Lee Hospital Foundation. Donations are § gratefully accepted at the above address, the Terrace Fire § Dept. on Eby Steet or please contact Helene McRae at 635-5320. Income tax receipts are avallable. Harry Papushka company in B.C. lost money,”’ said Papushka. Yet he says there are signs of a recovery in the United States and that a continued low Canadian dollar will help out by making ex- ports to the United States cheaper. “There’s a big difference be- tween an 86 or 89 cent dollar and a 78 cent dollar. The difference is $80 million to us for the year,”’ added Papushka. He and Skeena Cellulose senior vice president Reg Lightfoot both said the company remains in the best position to take advantage of an economic upswing. That investment of more than $2.5 billion means it has paid for environmental measures other companies have yet to start and that it is the most efficient pro- ducer of pulp and paper, they said. “Our assets per employee are the highest of any company in Canada and our paper machines have 188,000 tonnes of capacity CAR RENTAL RENT A CAR Call us today for more information on our great rates. x 3779 River Drive 635-1300 ‘Thank You From The Henry Family “ Vera Henry, Janice H ees ~ enry & Sandra Henry pre home for Christmas. Phyllis Ryan, The Henry family are happy to have these 3 people with us this Christmas. The best gift we could all have is to have them at We would like to thank all those who helped us spiritually and financially. Especially those who acted quickly the time of the accident, A special thank you to the Terrace Local Firemen} Paramedics Ambulance Service; Terrace Police Dept.; Mills Memorial Hospital Emergency; 2nd floor staff and Intensive Care Unit. Special thanks to Dr. Strangway and Dr. Meek (Vancouver General Hospital); also to friends, family and relatives who were with us during our time at the hospital, McDames, Mildred Roberts, Marlene Wesley, Addie Debbie Walsh, Roy Nelson, Heather McPhee, Marg Adams, Sam Ridler. Thanks to family in Kitsum Kalum, Kitselas and Terrace too numerous to mention, for your financial assistance and we would like to wish you all a very Merry Christmas and a prosperous New Year. From the Henry Family load Reg Lightfoot each a year, That's the highest in the world,’ said Lightfool. He said the company will con- tinue to get the highest utilization rate possible for cach log it pro- cesses, Repap got ils start as a pulp and paper company but is now relying on its lumber divisions to supply the kind of cash it needs to pay down its large debt. Sawmill divisions now represent 12 per cent of Repap’s business and the mill business is doing very well. “We have two of the newest and best mills in the world,”’ said Papushka of the one here and of the Carnaby plant it bought this year from Westar. The Carmaby acquisition helped the company secure fibre it needs for its Port Edward pulp mill. BIG BROTHERS OF CANADA WANTED! John is: -11 years old -likes swimming, soccer, baseball -likes to work with computers -fairly quiet and shy Help open doors for | Ale, “ies Diabetes | Please Volunteer Call 732-1334 or 4.800-665-6526 | ASSOCtATION CANADIAN el piapeTes | CANADIENNE ASSOCIATION | DU DIABETE Deloitte & ___ Touche ‘AN FINANCIAL DIFFICULTIES? ‘Call us to arrange for a free consultation and a copy of our information boaklet (604) 564-1111 Toll Free: 1-800-663-5103 DELOITTE & TOUCHE INC. #900 - 299 Victoria Street Prince George, B.C. Vy2L 5Ba NeED To KNOW SOMETHING ABOUT YOUR NEW COMMUNITY? Call ete Mg Phone Elaine 635-3018 Phone Diana 638-8576 Phone Gillian 635-3044 Our hostess will bring gifts and greetings, along with helpful community information. HER Zi Wishing You the Bert of the Holiday Seaton This weekend enjoy our: 4736 Lakelse Avenue 638-0065