delighted with the response from parents to this first event. - Cultural fare WORLDLY DELIGHTS: Youngsters feasted on this spread of ethnic food — which ranged from Scottish to East Indian — inside Thornhill Elementary School at lunch last Thursday. The multicultural luncheon was a potluck affair with at least 50 parents bringing in a dish each to show off their ethnic cuisine. It was also a fund-raiser, with proceeds going towards sponsoring a foster child in a third-world country —- the idea of Grade 7 student Tommy Munson. Other events are also planned to raise the $30 a month necessary to sponsor the child, and organizers were TERRACE — The bankruptcy of [mpact Construction Ltd. is pulling down another local firm and hurting numerous others. The local construction firm’ leading work on the Twin River Estates senior citizens’ housing complex on Lakelse Ave. filed bankruptcy earlier this month. Most of: Impact's nearly. $700,000 in debts are owed to about 50 local suppliers and subcontractors: who will likely - never see all of their money. Impact’s bankruptcy papers. show remaining assets of about $335,000 —. most of which is uncollected accounts receivable. - The bankruptcy has sparked fears in the local business com- munity of a chain-reaction of construction firm failures; -“T think there will be quite a’ rippling effect as far as the smaller contractors and in-- dividuals that are going-to be losing here,’’ said Sandy Farkvam of Far-Ko Contracting — one of the firms that is out of pocket. “‘Some of them aren’t going to bein businéss after this is all over. It's really unfor- tunate,”’ Wireways Electric Ltd. — - Terrace Standard, Wednesday, February 27, 1991 — Page A3 Bankruptcy ripples © swamp other firms © _ Dennis Palmu which is owed $46,000 by Im- pact — has now also filed bankruptcy in the wake of the © failure of Impact. And a representative of Everlast Developments Inc, said that company could also be finished depending: on how ‘much of its $88,000 claim it can collect. Impact’s only secured creditor is the Royal Bank, which is owed $150,000. But the list of major unsecured creditors is long: | Everlast Developments -Inc., -: $88,000; Convoy. Supply, . $70,800; Wireways Electric; $46,000; Telkwa Roofing and Sheet Metal, $34,800; Acadia Installations, $34,000; Fairhaven Farm, . $23,800; Wildwood Construction Ltd, $22,464; Far-Ko Contracting, - $22,000; Tanner Drywall. Systems, $22,000; Terrace Carpet Centre, $19,000; Terrace Builders Centre, $11,000; Rain . Coast Cranes & Equipment, . $7,800; and Skeena Project Ser- vices, $6,900. The construction business : climate’s grown cold in Terrace with the bankruptcy, says Greg . Townsend of Acadia Installa- . : tions, which is out more than $34,000. “For a small company that’s a big chunk of cash,” Town-_ send said, “A lot of people got really hurt on this.” Impact spokesman Dennis Palmu said he will know more about his company’s. financial Situation and what can’ be salvaged after a Feb. 28 creditors’ meeting in Van- couver. Drop-out problem tackled TERRACE — Armed with $55,000 in federal money, School District 88 wants to find solutions to the problem of a high drop out rate. Special services director An- drew Scruton said the district had been chosen as one’ of 12 in B.C, to carry out a pilot project under @ federal program. Noting Canada. had a higher drop out rate than most coun- tries in the western world, he said the program was intended to develop ways to ‘encourage students to stay in school’’. The Terrace district will use the money to hire an ad- ministrator — tobe named this week — whose job would be to research the subject and come up with methods of achieving that goal. The administrator would begin work immediately and continue until July 15. Scruton said Ottawa had already indicated more money would be available later. to im- plement proposals emerging from that process. The district would also be ac- quiring Future Focus, a video. Program outlining career op- lions available to students. Its value, he suggested, lay in the fact it contained information they might not be able to obtain through the current career counselling system. Scruton said the money was sufficient to ensure, all secondary schools in the district received a copy, "Slumber Lodge Is Pleased ‘To.Announce The Re-Opening Of Our Pool & - Sauna Facility Guests Only FOR RESERVATIONS: 635-6302 4702 LAKELSE AVE., TERRACE ORION HOME VIDEO Reloase Date Ria. | crtiome ‘ February 26, 1901 @ 1991 Orion Home Video. All Rights Reserved. Video Station; Wo, 2 2924 Ciark St... _ Thombill, B.C, 635-484¢ . Open 10:30 to 8:00 Sun- Thur. f .. 10:90 + 9:30 Friday & Saturday “ Video Station No, 140 4741 Lakelse Ave. Terrace, B.C. 635-6121 Open 10:00 a.m, to Midnight, . “gt Days A Week ae _3 DAYS ONLY! March 12& 3 S ~ ALL Ski Equipment, Clothing and Accessories Storewide._ PM ty te ‘hk ibe! Friday & Saturday Sunday 1. | 60% OFF “DOES NOT INCLUDE BIKES ~ - ~BIKEPARTS OR CYCLE ACCESSORIES SALE HOURS. ‘Friday’. | 3, Saturday Sam Spm. Sam - -6 pm 8am Spm Sunday. 635-5848 aa MasterCard —_