Business REVIEW
Trust money set to flow soon 3

THE GROUP formed to

boost the northern economy .

using money from the sale
of B.C. Rail has already

~ turned a profit without lend-

- ing a dime.

The Northern Develop-

~ ment Initiative Trust, which

has $110 million to lend or
to grant, has amassed anoth-
er $2.6 million since last fall
in interest from investing the
money with the provincial

Municipal Finance Author-:

‘ity body. “

But that’s going to end:
“ soon because

the trust’s
board, made up of northern

politicians and provincial

Nisga’a

forest

audit

A FIVE-MEMBER team
will be in. the Terrace area

this week conducting its fi-
nal audit of forest planning

“and practices and govern-

ment enforcement of for-

- estry legislation on Nisga’a

lands on behalf of the Forest
Practices Board.

The audits, which began’

Sept. 12, scrutinize compli-

ance with forestry legisla-

tion: and_ the Nisga’ a land

Claims treaty by companies |

with logging licences and by
the Ministry of Forests and

' Range-on Nisga’a lands.

6

’ The audits are ‘a require- -
ment of the Nisga’a treaty

and this is the last of five
annual audits taking place
during the transition period
toward Nisga’a control of

forests, «from. <May..; .2000-.:.;. a eer

2005.

‘ The compliance audit
will assess operational plan-
ning; construction, mainte-
hance and deactivation of
roads; timber harvesting; sil-
viculture; fire protection ac-
tivities; and district manager
obligations for the period of
July 10, 2004, to May 10,
2005.

The audit will determine
if six businesses and orga-
nizations complied with the
legislation and with forestry-
related Nisga’a Final Agree-

’ ment requirements.

' trict and the Forestry Transi-

* Those’ auditees include
New. Skeena Forest Prod-

ucts Incorporated, Sim Gan

Forest Corp., West Fraser
Mills Ltd., the provincial
B.C. Timber Sales agency
-— Skeena-Kalum forest dis-

tion Committee. .
' The enforcement audit
examines the appropriate-

ness of enforcement. of for-'

estry legislation on Nisga’a
lands for the period from
July 19, 2003, to May 10,
2005, by: Kalum and North
Coast Forest Districts, the
Ministry of Environment’s
Skeena region and _ the
Ministry of Energy, Mines
and Petroleum . Resources,
Northwest region.
- Parties adversely. affect-
ed by the audit findings are
given a chance to respond.
The board’s final report and
recommendations will then
be released to the public and
government.
The Forest
Board is an independent
‘public watchdog that reports
to the public about compli-
ance with the Forest and
‘Range Practices Act (FRPA)

and the achievement of its
intent.

Bear talk

; “ALCAN, ‘Bandstra Trans-

‘Terrace,
‘munity College and local
‘doctors have signed up to

portation, Bear Creek Con-:

tracting, CIBC, the City of
Northwest Com-

have seven-foot Kermode-
style bears created here.

Sponsorship of the “Spir-

it Bears in the City” program —

goes to support the Lions
Society of B.C.’s various
programs.

Practices

appointees, will soon. be
lending money or providing

grants, says Janine Elo, the.

body’s executive director
who started work just last
week.

It has more than 30 rec-
ommendations to provide
money made by three of
the four regional advisory
groups that make up the
trust. The money will flow
when Elo puts together the
paperwork and forms ‘that
are needed to ensure ac-
countability.

“We don’t. want to have a

- large bureaucracy but there

will be diligence,” she said.

TERRACE STANDARD

Each of the four regional
advisory committees has
$15 million to be granted
or loaned in their area and
there’s a $50-million pot to
~ be applied to projects north-
“ern-wide.

That $15 million for the
Northwest has further been’
divided up by population, |

the result being Terrace get-
ting at least $1.6 million to
“grant or to lend.

A further $25 million has
been provided to generate
interest, which will then be

used .to .finance -the trust’ S

overhead. _
The trust has a staff of

The Terrace Standard, Wednesday, September 14, 2005 - A15

two, including Elo, a con-

tract communications - offi-

cer, and hires other people:
when needed for specific.
tasks.
That total $135- million .

package is to be boosted lat-
er this year with $50 million
from the province.

Each of the four regional
bodies will receive’$5: mil-
lion and‘the remaining $30
million will be used for pine
beetle-related projects.

Provincial
from this are Northwest
Community College. presi-

~ dent Stephanie Forsyth and

Haisla chief Steve Wilson.

appointees -

- Janine Elo

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