A2 - The Terrace Standard, Wednesday, March 2, 2005

From front

Deal closed at last minute

John Ryan is confident ©

money matters are the least
of the company’s worries.
Since word spread of
_the creation of the Terrace
Lumber Company Feb. 19,
the number of investors has

risen and Ryan himself. says *

he’s not sure exactly how
many people have money
involved.> ;

Work is now under way
to assemble a board of di-

Officials also creditted

local members of the Steel- .

workers union for making a
contribution to the effort.

“| understand they voted —,
unanimously to make a con-

tribution from their hourly
wage to put in the kitty to

make this thing go,”  Talstra
said“about the local union ~
* membership. -.

Also present at the ‘an-

*nouncement was Alan Ches-

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rectors. How many people terman representing , that ~
will make up that board and: union. =He applauded the

whether there will be repre-» °

sentatives: from the city or

New mill owners

“The company is interest-
ed in receiving expressions
of interest from logging
companies ‘in the’ Terrace

area who want to help us get
our operations up and run-
ning,” Drury said. |.

~ Another .250,000 cubic
»-*metres of timber will be

available when New Skce--
-na’s. smaller forest licence

is sold.
. Its bein up for sale, but
- receiver Larry Prentice said
-he has concentrated. on the
Terrace sawmill sale and
other issues before dealing
in earnest on the forest li-
cence. ;
A Kitsumkalum-Kitselas
, band partnership had bid
unsuccessfully against

: Lax Kwa’alaams - for. TEL...

I last fall, but Bartlett won t
. say whether the two Terrace

bands are now bidding for
the forest licence.

Ryan didn’t rule out? a
bid from: Terrace Lumber
either.

interest in it,” Prentice con-
firmed, adding the Terrace

sawmill buyers were just one ©
of several:logical candidates.

to pursue the licence.
--The mill can also count
on 30,000-cubic metres of

wood per year from the com-.

munity forest licence’ Victo-
ria has promised the City of
Terrace.

And  there’s —increas-
ingly wide-open bidding for
Crown timber through auc-
tions by, B.C. Timber, Sales,
which government officials
including ,MLA ,Roger Har-
ris have pledged to acceler-
ale.

ma.

The. Nisga’a, under the
forestry provisions of their

treaty, will also be in posi- ..

lion to log and sell timber in

the lower Nass Valley.
' “We have a fair bit of -

No matter who ends up
in control of wood in the
region, “Bartlett
timber owners will have a

“vested interest in ensuring ©

owners °

‘succeed rather than fail. -.
“It's a no-brainer that the .

the new. sawmill:

licensees are going to work
with them,” Bartlett said.
“They’ re creating more com-
petition for logs and more
value for the licensees.”

Still, he said, the mill

managers will have to work
hard to keep their costs un-
der-control in order to pay a
competitive log price, oth-
erwise licensees can opt to
ship s some timber elsewhere,

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predicted .

tomorrow,
cutting lumber,” he said.

local -investors for saving
the mill from the chopping

face challenges

including exporting logs be- —

yond B.C.
“If West Fraser gets low-

end sawlogs at $52 per log, —

they’re going to have to pay
$65 plus,” Bartlett said.
Logging contractor Lloyd
Hull also expects there will.
be plenty of wood available
to feed the mill.
‘“We’ve got the right peo-
ple owning itand running it,”
said Hull, “who confirmed he

is among the investors in the ©
operation. “All we can dois -

hope for the best.”

The good news, Ryan
said, is that key employees
assure him the mill machin-

ery has been kept in excel-

lent condition.
“They say'if we had logs
we ‘could start

| FEBRUARY 2005 FEBRUARY 2004

down and pull as far to the sight as you sufely can to
avoid collision and to reduce windshield damage.

This has been a message for your winter driving
safety from Nechako Northcoast Maintenance. _

THE

TERRACE’S NEW!
MERCURY &

g HONDA DEALER!

Lawn Mowers
Snowblowers
‘Generators

Snowmobiles

S Motors

Boats

from the Steelworkers union, a block. « 2 | .
~ has yet to be determined. John Ryan Mo Takhar -“There’s a twist with this D ‘Max Min — Total D» Max Min Total
The first task is to hire a, ° , one because we have people Weekly A Temp Temp Precip} | A Temp Temp Precip
general manager, something ae ced apiete . a. With money but no plans” Y oC °C mm Y °¢ °C mm
Ryan expects will take place looking all over the world said, ‘let's call it the Terrace Chesterman said. Weather . _ 6 co
this week. ~ for investors,” Talstra told Lumber Company,” Talstra “This is going to be- 18° 3.2 3.9 1.4 18 49° O05 2.0
Ryan, Takhar and Talstra the crowd, “And where do said.” : good,” said former Skeena —
, Se, 9 “TEC = tender, loving, ’ 19 4.1 54 0.0 19° 4.6 1.0 0.4.
were grected enthusiastical- We find the expertise? Right -L ten cr, JOVINE, - MLA Dave Parker. “If it’s °
ly ata welcoming gathering. here in Terrace.” care, and that's what we are going to work, it's going to 20. 38 -5.9 0.0 20, 7.3 .09 0.0
‘Feb, 23 held at the mill site. ~_. Talstra talked about how going to do with this compa- work with local ownership.” 21 37 ~~ -6.3 0.0 21 78 °.05, 0.0
ahs 1. oe erate gg eam ink tve sow | Pa ress | Eve Veet
gal ered at the mill to hear : thi smiling 2 - orecaster, at. . ;
> “speeches delivéred from purchase deal had been con- ~ people involved | including ‘ae Cen aie races be- "1-866-640- 6569. 23. a7 6.2 0.0 }.} 23 5.6 0.4 2.0
a-platform festooned with cluded Feb. 19. Skeena MLA Roger Harris. ae leg sal suss Sfauer, Web ferres fsaame 24 7.5 “5.9 0.0 24 6.9 07 0.0
balloons and a “Congratula- , “After about seven or “Roger helped Mo and | a toca construction contrac- PSS SSS SSS SSIES SS I SEIT ISIC IESE SCION —
rae - eleht beer —I didn’t have © quite a bit - not’ quite a bit tor. “I think this is the great
tions Terrace Lumber Com- &!ght_ beer idn't have » quite a ort - not quite a bie : . WINTER MAINTENANCE
pany” banner. — > any beer — but after seven.. - hugely, said John Ryan as thing that’s. happened for S Winter is here and with it comes winter
rn ° ; i : he addressed the crowd. ’ many years in this town.” N driving conditions... Winter sand is applied to the
We Spent four years or cient beer John [Ryan] yy N rod surface to provide better traction for motorists,
; H When sanding ‘is in progress, the application will
_ N continie on hills and corners even when traffic is
Tol ] ) ront - ° x approaching, This is to ensure there is consistent,
N safe condition to those critical areas.
9° If you meet a sand track on a hill or corner...slow
:
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