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Canadian Cellulose . Company,
Limited, has. reported third
quarter earnings, before an
exiraordinary credit relaling {o
an income tax reduction on
application of prior years’
losses’ of $8.1 million or 66 cents
per share on sales of $47.7
million.’ Net earnings after the
extraordinary credit were $14.3
million or $1.17 per share.

Inthe corresponding period of
1973, earnings before the ex-
traordinary credil were $244,000
or two cenls per share. Net
earnings were $444,000 or four
cenls per share. |

Ronald’) M. Gross, Cancel
President and Chief Executive
officer, commenting on the
results, said that substantially
higher pulp prices were

.responsible for an increase in

second quarter to third quarter
earnings, afler normal Laxes, of
$653,000. .

Sales in the quarter to quarier
period were off $6.2 million he
said, aS a resull of the loss of
eleven days’ production.in the
Castlegar Pulp Mill due ta work

, Sloppages, and the seriously

depressed world-wide lumber:
prices. .

In a report on the third
quarter released today, gross
suggested Cancel's earning
performance. should be con-
sidered in view of the fact that it
is predominantly a producer of
pulp rather than jumber or
other forest products.

“Accordingly, the impact of
the serisusly declining world
Jumber. markets and con-
tinuously rising costs has been
morethan offset by the stronger
pulp markets,” he slated.

Commenting on markets,
Gross reported a continuing

_ firm demand for pulp in spite of

d profit |

generally unfavourable world . ‘

economic conditions. He said
sof{wood pulp is in short supply
although in the near term,
supply and demand are cx-
pected lo come into . closer
balance. In the intermediale
term, there is little indication of
new capacity to an extent which
might result in an oversupply in
the world markets. / ;

Gross reported some sof-
lening of paper production in
the major free world economies
which could eventually affect
the demand for pulp, He also
stated, however, thal the need
to replenish currently low pulp
inventories at the producer and
user levels should offset: any
short term decline in demand,
assuming no serious or
prolonged recession.

The cencel president
suggested little improvement
can be anticipated in the poor
lumber market before the third
quarter. of 1975, The company
-has been able to maintain.
reasonable productian and
almost full employment al its
lumber mills but Gross
caulioned - that. further
deterioration may force cur-
lailments. i

In a summary of results for
‘(he first nine months of the
year, he reported earnings,
before application of the tax
loss credit, of $20.2 million or
$1.66 per share on sales of $140
million, Nel earnings were
$36-1 million or $2.96 per share.

During the first three quar-
ters of 1973, earnings before the
extraordinary item were $3.7
million or 30 cents per share on
sales of $92.2 million. Net
earnings were $6.2 million or 5
cents per share.

‘A special train, the first of several according .to a
CN spokesman, pulled through this city Monday
af ternoon laden with heavy duty equipment bound for
Alaska.

Rolary &

VOLUME 68 NO. 45

bon merge

FROVINCLAL LIBRARY

PARLIAUENT BLDS. ,
VICTORIA B.C. ;
COMP. |

semen |

4

The train, comprising 42-50 cars, each carrying Alaska.
cranes, trucks and other construction vehicles were According to our informant,.the equipment will be
en route to Prince Rupert where they were tran- put tousein the construction of the Trans-Alaska Pipe
sferred to barges for a watery trip to Fairbanks, Line. (Mark Hamilton Photo). ae!

PRICE 20 CENTS

Conventional
Engines by
MAZDA

New & Used Vehicles

‘ SKEENA AUTO
Me.al Shop Lid. |

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es

WEDNESDAY, NOVEMBER6, 1974

Riverside ‘Terrace, B.C:

TERRACE, B.C.

Tes ees

Terrace resident to participate

in Rotary group study exchange

Terrace resident, John
Currie, will participate in a
Rotary International sponsored
group study exchange 1d south-
east Asia, Jahn was chosen
from six nominees - from. the
north-western B.C. com-

_ Thunttiés? of Kitimat, . Prince
Rupettiand Terrace...
-Ratarg International ‘District

No 904, made up of com-

the: , Lower.

case, Rotary District No 330.

‘Last year Rolary District
No.504 - hosted: five young.
businessmen fram-this Rotary
District in soulh-east Asia.

The group study exchange is
an educational activity of the
Rotary Foundation which offers
aunique opportunity for person-

to-person contacl, .for- the

‘New Skeena 7

bridge co
Mr. Dent:-
M.L.A. Hartley. Dent reports
from Victoria thal a contract in
the amount of $1,577,190.70 was
awarded to Peter Kierwil Sons
Company Ltd for the deck
construction and electrical
wark of the Terrace South
Bridge, Yellowhead Highway
16, oo

Dent also announced today
that a grant in the amount of
$14,166.00 has been approved by
Community Recreation

Accidents
39.6 Yin

RCMP in Terrace. approach
this long weekend with a certain
amount of lrepidalion,. The
reason is an alarming increase
in the number of accidents so
lar this year, a trend which they.
hope will not continue through’
ihis weekend and on
of the year. :

Figures released yesterday

by the head of the Terrace

Highway Patrol Corporal Fred
Strak show. thal the. total.
‘‘number of accidents: in the]
District of Terraceis up 38.6 per;
cent over last year. In the un-,
organized area aurrounding this |
city, Uhe jump fs 14 per cent,
giving a total of 28.2 increase in
ihe number of accidents. .
While the number of fatal.

enorin-weatlern +

to the end-

John Currie:

"promotion: of 'betler. un--

derstanding . and. - friendly

relations amang the peoples of ~

the world,

exchange of teams of business
and professional men between
paired : districls ' in- . different

countries thus enabling them w.
. :* Exchange will, be - asked lo

ntract

‘Facilities Fund to the Smithers

The. program.
provides travel: grants for the: -’

. tnderstanding: =.

sludy the Instilutions and way of
life of their hosts, and to develop
personal acquaintances and
exchange ideas. These young
business and professional men |
will bring personal knowledge.
of their own country to the
many' people they will. meet:
while abraad and their travels.
will give them a sense. of
“dagire i6-Loarit-and-to-pramute
"Many “opport
development. .a:
and “lasting «* frit

‘anather country, observation of"
its customs, exploration into its
business and professional life as _
well as their meetings and ~

:* discussing wilh its people.

The: group study’ exchange
award: covers’ the’ cost” of °
wansportation, while meals,
ledgings and travel of the group
while in Ihe host district, in this .
case Singapore, Malaysia and
Thailand, are provided by the
‘local Rotarians. ; °
After their return, (he par--
licipants of the Group Study

appear before Rotary Clubs and
other groups in order to relate
their experiences and describe

* the country. they.have visited. :

Ski Club to help finance the .

- construction of a day lodge and
aservice building, Dent further
stated thal agranl in the
amount of. $1,000.00. was
awarded by the First Citizens’
Fund to assist Mr. Leonard
George in. establishing the
“Too-Dee-Nigh Pannery”’.
Hartley Dent said that he was

pleased with this addition to the:

economy of, Smithers -by. this:
Native Indian group.

up by -

Terrace
’ accidents is down, from aw 4
this year, the number of ‘per-

sonal injury accidents has -

jumped from 74-92 and the
umber of property damage
-Acoldents has risen from 291 Lo.
78, ;
“The number of persons in-
jured in accidents is also up,

_ business techniques and Jabour

from 109 last year to .141: this.

year.

Total damage caused by
traffic accidents this. year is
nearing the hall. million dollar

mark,

Corporal Stark, at the same
tIlme as the release of the
figures, caulloned ail motorists
to Lake extra special care on the
streets and highways during
this long weekend.

As in all other programs of the
Rotary Foundation, dependents ~
and relatives af a Rotarian are
not eligible for this program...
A well planned itinerary will
-be awaiting the visiting young
businessmen when they arrive
in south-east Asia in mid-
February, and they will be kept
busy until the end of March 1975
by ‘the hast district and it is
hoped that this trip will provide
a significant’ and’ educational
experience to those par-
licipating, with the emphasis
being placed on the country’s
economy by visiting firms,
factories, and other places of
business. Meetings’ with
business and professional men
on irade derived maiters,

relations will also be arranged.

The team members will visil
Government and legal in-
stitutions to see them al work,

and they will also visit schools - |
and colleges inorder te observe

and discuss the. country's
education system. They will be
given opportunities to see how
the needs of youth, the aged and
the infirm are met, ‘They will
study places of historical,
cultural and scenic interest.

They: will also come Into close
contact with the” hosting
-Rotarlan families who come”

from all Income levels, and (hey
are also given opportunities lo
observe and study -cultural
activities and religious Ife, and
participate whenever posslble
in‘the recreational life ef the
people. Also, when possible,
they will be hosted in lhe homes
af Rotarians during their trip.

4

‘ Tana
ort

v

pethenistab
oe

mission deriyed jfrom: theirs]. saath.

iendships: will “]-
come: from: thel¥? studiés of --

newsprint industry and

PRICE
GOING
UP

We're sorry, but it
had to happen..
. This. week, for the
first . time .” ever,
Terrace residen

|: like

sorry that it. had to
happen, 0 |

The iticrease is due
toa number of factors,
principal among them
the problems’ in the.

the price ‘now being
asked for newsprint.
As well ‘production
costs have risen
dramatically, 45
prices in every field
have over the past ten

Ten days to election

Ten days from today Terrace pj ; . . .
voters will make thelr way to iges, Hank Buncombe, Gerry Seeking election to one one Those seeking election to two

ts haye. |)
twenty:

months.

Missing

‘Me. Yaget Singh Thandi,

missing since Friday

-afternoon, is shown in

above photo, When last
seen he was wearing a
black overcoat, black
pants and cream-colored
turban, Any person
mowing his whereabouts
is asked to contact the

‘RCMP in Terrace im-

mediately

_RE-ELECT DUFFUS

a!

the polls and decide a number of
issues. Among them are the
representatives they choose to
help determine educational and
municipal policy over the next
two years. ‘

“In ali there are six seals up

_ which lo choose. *

To betler ‘familiarize the
public with the candidates, two
‘public forums are “being. held.

“> The - first -will “be. held
-‘lomorrow night; -and- for the

first time {na number of years;

will enable vaters to enter Into
‘an open -forum, ‘with school

board candidates only. All-can-—

“didates for the three terms will

be‘on hand ready and willing to

“answer all questions regarding |

their stand on the educational
and financial items related to
this schaol. district and,. in
particular, Terrace.. That
forum will be held: at “the
Clarence Michiel Elementary

School on’ Sparks’ Street, _ =

beginning al 8 p.m.

The second forum is the
annual Jay Cees All-Candidale
Forum, scheduled this year for
some-time next week, The Jay
Cees are in the process of
finalizing arrangements for the
Forum . which will be for
_Aldermanie- candidates .only.

- Watch for details next week.

Running for election to three
lwo year. lerms cn. the

Municipal Council are Sharon.

Recreation
Director.

for Nass

Mike Kirk, a recent graduate
of the Vancouver Cily College,
will lake over duties as
recreation director for Nass
Camp on the 2ath of this month.

The appointment of Kirk, who
has spent the fast several
months as an employee with the
Department of Parks and
Recreation in Nanaimo on
Vancouver -Island, was made
public yesterday of officials of

'» Canadian Cellulose.

Kirk's duties will include
organizing recreational ac-
livities for the nearly .400 men,”
women andchildren in the area,
seventy miles north of Terrace,

Duffus, Helmut Geisbrecht, Bill
Ingles, Mary Little, Pat
O'Donaghy, Dave Pease and
Cyril Shelford.

citizens; ; youth, groups- and

-‘other.--sueh "organizations in
Terrace will.-benefit from a:

special presentation made
_ yesterday at a noon luncheon in
Terrace. :

At thal time Fred Waldie,
Norihern Woods’ Manager for
CanCe] turned over the keys toa
42 seal bus to representatives of
the Terrace Department of
Parks and Recreation, “At the
same Lime he made a’ similiar
donalion to representatives
from the cily of Prince Rupert.

The wwvo. buses, both 1968
models, were made obsolete by
changes in the logging industry.

Both had sal idle in Terrace
until Al Bishop of Twin River

Terrace Mayor Gord Rowland ac-
cepts the keys to the bus donated to the
city by Can Cel, Making the presen-

year term on the School Board
are Jack Cook, Otelia LaPlante,
Ray Mabbett, Vivian Roy, Dan
Sheridan and Mike Tindall.

Ww hole community to _

Minor, sporls..groups, senior,

green body. °
Alderman Norah Jacques,
chairman of the Municipal
Council's Recreation Com-
mittee said that Lhe bus would
be greatly appreciated by the
communily, It’s use, she sald,
would be for minor sports, other
-lypes of programs, and “the
children of our community”.
She spoke of her awn experience

reir ae 3
Operation

tation ig Can Cel Northern Woods

FOR ALDERMAN

*y

Sa
Dore,

ny

two year terms are Nancy Orr,
the incumbent, Pat Boyle,
Dennis Brewer and Nan
Harrison,

Prince Rupert.

Representing the city of
Prince Rupert was Lou Van-
nier, chairman of that cities
recreation. commission.

Dave Lloyd ended the noon
lime ceremony wishing the lwo
cities every SUCCEBS.

“J hope," he said, “the buses
last a long time and transport
many children.”

. . . on “ie
manager Fred Waldie. I

the foreground is a Prince Rupert Can
Cel official.

(See story).

ue