A10 - The Terrace Standard, Wednesday, October 19, 1994

Logging
needs
cuts

TIMBER HARVESTING in
the North Coast timber supply
area will have to be reduced
by one-half, says the latest
review released by the forest
service.

However, the report also
suggests the current cul can
be maintained for the next 60
years.

To the west of the Kalum
district, the North Coast TSA
covers close to 2 million ha.
stretching from Stewart in the
north to Ocean Fails in the
south,

The review says the current
annual allowable cut of
600,000 cu.m. will have to be
reduced to 301,000 cu.m. to
match the estimates long term
sustainable harvest for the
area,

It suggests reductions begin
in 60 years time at the rate of
10 per cent per decade.

Copies of the review and ac-
companying socio-economic
analysis on the impacts of a
‘| reduced AAC can be obtained
by phoning the North Coast
forest district office at 627-
0460. The deadline for written
comments is Jan. 7, 1995,

being conducted by the forest
service in the attempt to find
out how many trees are still
available for cutting.

The review is one of many-

THREE OF A kind gathered last week for a luncheon to note the
Federal Business Development Bank's 50th anniversary. In the
middle is current bank branch manager Paul Williams flanked on
the right by past manager Phil Hart! and on the left by Mike
Kartasheff, who opaned the branch here in 1973.

Bank notes 50th

THE FEDERAL Business Devel- and a royalty arrangement based gee
opment Bank (FBDB) will con- —9n future revenues. *
tinue to find ways to help small That kind of program represents
and medium size businesses, one FBDB’s attempt to provide ven-
of its officials said here last week, ture capital in the $1 million

Phil Hartl, a former manager of range that normally wouldn't at-
the bank’s branch here, said the tract traditional venture finan-
federal crown corporation has — Cicrs.
targeted home-based businesses And FBDB also provides what:
and has developed combination Hart] called patient capital —
‘equily and venture financing pro- money that the bank is willing to
grams, invest for two or three years.

He made the comments at an without expecting repayments to
Oct. 11 lunch noting 1994 asihe start.
bank’s 50th anniversary. The area of micro loans for

“Just as it was in 1944, cur home-based businesses is also a
only business is small business,” target of FBDB which is willing
Hart! told a 30-strong luncheon to look at amounts in the $10,000
crowd, range.

One of every five small and me- ‘For those we asked that the
dium size businesses in Canada = peaple graduate from an FBDB
has used FBDB at onetime cran- training and counselling pro-
other, he noted, gram,” said Hari.

One FBDB financing program That kind of FBDB training and
involves lending money. with an _— assistance continues into the first
interest rate repayment tied to it —_-ycars of those businesses, he con-

tinued.

le

eg

Fall is a time of colour changes;

therefore, in October,
Changes offers you: a colour, cut

and blow ary for $35.00

635-7737

GRANT DAVIS

Don't miss out
-on the fun, food,
and music!

Saturday, October 22
7:00 pm in our
roof gardens

Bring your friends to the fourth Annual
Oktoberfest. Enjoy traditional German
fare, delicious German food,

Oom Pah music, your
very own official
Oktoberfest Stein and
Lots of Door Prizes!

TICKETS

$20 per person
Available at
Berts Delicatessen
and:
Mt. Layton

g

MOUNT LAYTON
HOT SPRING»
RESORT LTD.

BZ 4727 Lazelle Ave.,

CHANGES | Terrace. BC

AW.

All Seasons Sporting Goods
Bandstra Transportation

Systems
Bavarian Inn

A special thank you to all of the volunteers, coaches,
referees, and sponsors who assisted the

TERRACE YOUTH SOCCER ASSOCIATION.

1994 was another successful year and it could not have ~

been done without your dedication.

Braid Insurance
Agencies Ltd. .
Canada Safeway Ltd.
Carlyle Shepherd & Co.
Carpenters Union |
¥ Cedarland Tire Services Ltd.
Centennial Lions Club
Copperside Stores _
Crampton Brown & Arndt.
Dairy Queen |
Elker Auto Supply Ltd.
.i4Finning Tractor & Equip. Co.
Ltd.
irly Bird Building Centre —
Kinsmen Club of Terrace
Manuels Restaurant
McAlpine & Co.
MJB Plumbing & Heating Ltd.
Northern Drugs Ltd.
Northern Motor Inn
Overwaitea
Philpot Forestry Services Ltd.
Pizza Hut
Re/Max of Terrace
Richards Cleaners Ltd.

Terrace Travel Ltd.
_. Tide Lake Contracting Ltd.
~~“ Tilden Rent-A-Car Service

Rotary Club of Terrace

_ San-Berry Contracting Ltd.

Shoppers Drug Mart —s¢

-Skeena Cellulose Inc. St
'Skeena Sawmills

Takhar Trucking Ltd.

-... Terrace Builders Centre Ltd.
Terrace Chrysler Ltd.
Terrace Co-Operative Assn.
Terrace Labour Union Council
. Terrace Shell Services

Terrace Sight & Sound
Terrace Totem Ford Sales Ltd.

Vic Froese Trucking Ltd.
Wildwood Construction |
Wilkinson Business Machines

Celebrate with us |

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