PAGE Ab, THE HERALD, Wednesday, January 26, 1977.

C.A. reports improved sales

Crown Zellerbach Canada
Limited recently reported’
substantially improved
sales and net earnings in
1976 compared with 1975.

Noting a sustained
recovery from the poor
economic conditions and
British Columbia forest
industry strikes in 1975,
Chairman and Chief
Executive Officer, Robert
G. Rogers, reported that the
company had sales of $394.1
rnillion and net earnings of
$21.1 million or $2.61 per
share. ;

In 1975, the Vancouver-
based forest products
company reported sales of
$296.4 million and earnings
of $13.3 million of $1.65 per
share.

“In other words,” said
Mr. Rogers, ‘‘the company
made five cents on every
dollar of sales in 1976

compared with about 4's.

cents in 1975.”

In the fourth quarter of
1976, the company recorded
sales of $98.8 million and net
earnings of $4.7 million or 58
cents per share, compared
with sales of $73.1 million
and net earnings of 4.0
million or 50 cents per share
in the’same quarter of 1975.

ina preliminary report to
shareholders, Mr. Rogers
said: “Generally improved
markets, absence of strikes
which shut down the B.C.
forest industry for varying
periods in 1975 and strong
productivity particularly al
our Elks Falls pulp and
paper mill and interior wood
products plants were the
major factors in the 197€
results.” .

Mr. Rogers also noted an
improvement in the com-
pany’s key performance
measurements. Return on
total capitalization, before
after-tax interest on long-

term debt, climbed to 9.1
percent from 6.4 percent
while return on
shareholders equity was 11.5
compared with 7.8 percent
in 1975,

The fourth quarter also
resulted in ‘ta welcome
change in the Canadian
dollar exchange rate in
comparison with U.S.
funds,” he added. The drop
of the Canadian dollar -to
more normal levels
produced some gains in the
company's important ex-
port earnings.

For the first quarter of
1977, Mr. Rogers said he was
cautiously optimistic.
“Providing economic
recovery continues, par-

ticularly in the United

States, the company is
expected to maintain its
resent level of per-
larmance.”

$65 million for student jobs

Details of a $65 millién
program expected to result
in almost a quarter of a
million jobs for young
Canadians were announced
recently by Manpower and
Immigration Minister Bud
Cullen.

The comprehensive in-
terdepartmental program
will continue to be known as
the Student Summer Em-
ployment and Activities
Program (SSEAP). This
year it includes two
newelements — the Young
Canada Works and Summer

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Terrace, B.C.

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clients, and established
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As an expert financial
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635-6361

Job Corps Programs, part of
the employment strategy
outlined by Mr. Cullen in the
House of Commons this fall.

“We are trying very hard
to respond to fhe needs of
students,” Mr. Cullen said.
“This year’s program will
be much larger than iast
year. It will provide wor-
thwhile jobs for many more
young people

By mid-February more
than 300 Canada Manpower
Centres for Students will be
in operation throughout the
country to solicit summer
job orders from employers
and accept registrations by
young people.

SSEAP, last summer on a
budget of approximately $24
million, placed about 200,000
young people in temporary
jobs in the private sector.
and created 12,160 jobs in
the public sector. This year,
approximately the same
number are expected to be
placed in the private sector
and around 37,000 students
will find jobs with federal
government projects.

Young Canada Works is a
job creation program for
students, patterned on the
Canada Works Program.

by Hugh Power
AVALANCHE
CONTROL

Thursday, January 27 is
the date for the presentation
of the Avalanche Control
Program of the Department
of Highways. This will be
given in the Lecture Theatre
of Caledonia Senior
Secondary School at 7:30

m.

The presentation includes
coloured slides taken from a
helicopter of the avalanche
areas between Terrace and
Prince Rupert and of the
Bear Pass near Stewart. A
representative of the
Avalanche Control Program
will explain the program
including methods of
detecting and preventing
avalanches, etc. He will be.
willing to answer any

uestions you have about

iss program. A film on
avalanches will also be
shown.

There is no charge and
everyone is welcome to
attend.

COLLEGE
FILM SERIES

The next film to be shown
is Sleuth’’ starring
Laurence Olivier and
Michael Caine. The film
shows a chilling and
sophisticated battle of wits
between two members of a
triangle. Each actor is

Lease

Funded at $30 million, it will .

provide funds for
established organizations,
partnerships and cor-
porations to develop
projects which will benefit
communities and employ
students during the sum-
mer.

The Summer Job Corps is
a $10 million program
through which federal
departments and agencies
will create about 6,000 short-
term jobs to provide young
people, primarily students,
with challenging work
experiences for career and
educational development.

Job Exploration by
Students, funded at $1.1
million, will again be con-
ducted in cooperation with
the Canadian Chambers of
Commerce to provide jobs
for potential high school
drop-outs.

“Our programs will
provide work for many
more students this summer
than last,” Mr. Cullen said,

“but most of the jobs will be |

in the private sector. We
help students find these
jobs, but they will alsohave
to work at finding them.”

CommunityEducation

challenged at every turn of
the plot with the outcome
tantalisingly in doubt until
the very end.
HEALTH CARE
FOR LARGE
_ ANIMALS
This is one of the most

popular courses this term.
The course will not begin
until February 14 so there is
stili time to register.

* LAPIDARY COURSE
Lapidary is the art of
shaping stones to make
jewellery. The course in-
cludes tumbling, rock
cutting, pelishing and stone
setting. This course needs
only a few more students in
order for it to run, The
course would be on Thur-
sdays at Thornhill Junior
Secondary.
terested should contact
Hugh Power at 635-4931 or
635-3833 as soon as possible.

Anyone in- °

Friday evening, January
28 the 22nd Annual Legion
Bonspiel kicks off, starting
what always proves to be a
busy weekend for members
of Branch 13 in Terrace. At
the time of writing there are
54 of the 64 maximum rinks
entered. Prince Rupert has
entered in the neigh-
bourhood of a dozen rinks.
Activities will be going
strong at the curling rink
and the Legion so anyone
wishing to give a hand will
be made welcome. The
banquet will be held in the
arena on Saturday evening
with tickets available to
guests. Let’s get out to help
where we can, make the
curlers welcome. and cheer
on the teams.

Annual donations to
community organizations
passed at the December
meeting have been
presented. From the Royal
Canadian Legion, Branch 13
to: The Salvation Army -
$500, The Skeena Stage
Band -$150, The Terrace
Pipes and Drum - $100,
Skeena Girl Guides, Kit-

+

‘Royal Canadian Legion
(Pacific) Branch No, 13

Terrace |
By Maryann Burdett

sumkalum Guidés and ist
Terrace Scouts - $25 apiece.
Besides the basic purpose
of the Legion which is to
serve veterans and their
dependants Brarich 13 has
always had a strong interest
in the welfare of the com-
munity, The ‘above noted
donations are just a small
sample of the services
rendered to the Terrace
area. ; oo

The Legion has many and
varied ways of raising funds
to carry on the works the
do. Donations to the Branc!
from the Ladies Auxiliary,
are always a welcome
addition to funds, A cheque
for $6,500 presented to
Comrade Dave Simons by
1976 president of the L.A.,
Jean Dixon, brought the
total donations to the
Branch by the Ladies
Auxiliary for that year to
$8,500. Thank you ladies for
another year of hard work
and help, without which the
Branch could not prosper
and carry on in the manner
it does.

Additional funding
for L.LP. grants

District of Terrace
received an LIP grant of
$30,600 for its park im-
provement program. The
prant will create six jobs for
180 man weeks.

Bill’ Casey, recreation
superintendent, said thisis a
catch-up program. The six
people will work over and
above what the district staff
will handle.

The district’s parks
development program

‘received an additional

$20,400 which equals four
jobs for 120 man weeks.
Work will be done on the
mountain trail, Jandscaping

Wightman & Smith
Realty Ltd.

has an opening for a
Licensed Realtor

Contact Stan Parker at 635-6361
for a confidential appointment

to discuss the opportunity we offer.

Three Rivers .Workshop
received an additional $5,100
which equals one job for 30
man weeks.

Terrace Cultural Centre
received an additional $2,040
whith equals one job for 12

man weeks. TCC is the |

Terrace Little Theatre
building on Kalum Street.
Terrace Answering
Bureau received an ad-
ditional $5,950 which equals
two jobs for 35 man weeks.
The project to. clear
Spring Creek received
$20,230 which equals three
jobs for 119 man weeks.
The additional funding for
the LIP projects brings the
total for B.C. up from

+ $16,171,000-to $28,999,000.
a 0 2° 5 ee 8 :

Yellowhead Business
Generater Sale

Look at these Sale Provoking Prices:
20” RCA COLOUR TV

PHILIPS MODEL 591 STEREO AMP

PHILIPS MODEL RH580 STEREO AMP
SHARP MICROWAVE OVEN .

LITTON MICROWAVE OVEN

Yellowhead Sales Ltd.

9239 Kalum St. Terrace

635-4543

$57995
$1745
“$6425
$§79°
$4795

| V.O LC. E.

opposes

The Kitimat-Terrace &
District Labour Council and
its environmental com-
mittee (V.0.1.C.E.) Victims
of Industry Changing En-
vironment in Council op-
posed the proposed Kitimat-
Edmonton pipeline as it
conforms to none of the
priorities that the council

as attached to major
development.

These priorities are,
“Majority Canadian”
ownership, public par-
ticipation in decision
making, low pollution and

benefits to affected
residents.

The short. term boom
enjoyed by imported

specialists, working in-
tended hours is of little
benefit to the workers and

pipeline

businessmen in the area ‘and
in no way offsets the
tremendous risk to ‘the
environment. ;

The finished pipeline
would create 100 jobs while
almost certainly it would
destroy thousands of con-.
yentional jobs not to men-
tion recreation.

For these reasons the

Kitimat-Terrace Labour |
Council strongly objects to

the proposed pipeline and
demands public . hearings
before further steps are
taken.

FKeeping TAB on Terrace
information
Call 638-8195

Terrace Answering
Bureau

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