The Terrace Standard, Wednesday, December 16, 1998 - AlS

4 : e
panmiter. | Qt the merchants listed below. :
Gov't Me
OV . Coast Inn of the West/ White Spot Terrace Builders River Industries
Helene deJong ~ Ulrich Maltais ~ “Dave Jephson
b a Cc ks Terrace Chrysler _- C. Stewart Enterprises ~  ) Tymoschuk Agencies :
M. Metcalfe Sadie Parnel Sim Murray
Images by Karlene Your Decor eo BAL Steak & Seafood Grill
SC j LeeAnn Rogers oo, lisa & Lorry Graham - Laurie Lindstrom
Keenleyside Insurance ~~. ° Totem Furniture ~~ Paragon Insurance
Sylvia Watson - Laurie Lindstrom Pees” Micki Brown
oN es, a8 ite Canadian Imperial Bank of Commerc ~. . Canadian Tire “Braid Insurance
eway from its commitmen, Gertie Southgate” ~ Edwin Johnson eet a John Malo
to save Skeena Cellulose, Terrace & District Credit Union” —* ‘Terrace Sight & Sound “2... Pendragon Computers
The deputy premier and Karen Sage LO, _ Denise Reece as Irene Ritchey
North Coast MLA was Northern Photo ts, Misty River Books oes Gemma's Bed & Bath .
responding to fears in the Danielle St, Thomas ve _ Marilyn Anderson © an Carol Cam bell : Cruise urchased
northwest that most of the Northern Drugs Pizza Hor T Sub A P
. i . errace subwa 7
$170 million needed to Shirley Griffith Tara Valk a Bill Morrison : at Elan Travel.
paemize the aging Prines Scotia Bank SpeeDee Printers a Terrace Home Hardware.
p mill hasn’t been t ts
released anit that the compa. Ron Anderson Amanda Owens Sonja Smoley

ny could yet be abandoned
by the province and TD
Bank.

“YT don’t think there’s a
basis for that,’’ Miller told
The Standard, ‘‘We have
made _a commitment. We
are moving forward. We are
spending a significant
moneys.”

He added that premier ,
Glen Clark continues to = ne
reiterate. his support for a

Skeena Cellulose, -

But Milier backed up the ®@ @ @

company’s decision to hold
off on spending most of the

capital. money until markets
improve.

The fact the company aa
doesn’t have “‘absolute - @ @G. @

security’’ right now, Miller
said, is ‘more a reflection
of the reality of the market-
place than the government’s
commitment,”’

“t

a

“Skeena Cellulose
ike all other forest
companies, is.
facing a very, very
challenging time.” _

ALL savings quoted are on regular priced items and cannot be combined with any other offers.
This sale is limited to in-stock items only. Sorry no rainchecks and no dealers, We reserve the right to limit quantities.

“We're not any different
than any other operating
company in B.C. today,’’ he
said, '‘Skeena Cellulose like
all other forest companies,
is facing a very, very chal-
lenging time.”

That makes necessary var-
ious cost-cutting measures,
he said, including operations
taking downtime and re-
examining and delaying
capital spending.

Miller said Russia has
recently been selling pulp
for about $420 per tonne —
far below the roughly $600 ALL
per tonne level where SCI Family
and other companies are Quterwear.
hoping “to Tegain
profitability.

“You can see that the
marketplace itself is very
tough,”’ he said.

Asked if he can assure
northwestemers there won'l
be a permanent shutdown of
the company in the months:
ahead, Miller said no. ‘

“Who knows © what
cataclysmic events might”
take place in the global
marketplace?” he said. ‘‘It
is foolish to predict the fu-
ture,”

‘We've got two major ob-
stacles on the market side,
One is Asia — the fact that
price and volume is very,
very low. And the other is
the Canada-U.S. sofiwoad
lumber agreement that
restricts the ability to sell
into the U.S, market,’

Miller said some north-
westerners don’t realize
how much heat the govern-
ment is taking for its inter-
vention.

"7 think we have worked
very, very hard in the north-
west to help the economy
‘here to move in and bail out
Skeena Cellulose,”’ Miller
said. ‘‘The support that we
have put forward is. sig:
nificant, We could not aban-
don those communities in
northwestem B.C.’? :

“And we'rt taking a big
‘hit around the rest of the.
province for doing that.”

ALL Fragrance

Gift Sets Christmas Trees

Fragrance pesigner & Decorations

ALL

Family Fleeces Athletic -
and Sleepwear Footwear

Save (Save

0% 50% |50% | 29%

ALL ALL ALL ALL oo
Winter Boots Men's & Ladies Christmas Wrap Brand-name :

for the Family Fleece Seperates & Boxed Cards Watches
Excluding Timex Watches