ear +t hw, Following a North Central Muni- cipal Association (NCMA) execu- tive meeting in Terrace, the _ NCMA has asked Forests Minister Claude Richmond to review revenue target rates and eliminate or renegotiate the Memorandum of Understanding. Revenue target rates were set in October of 1987 when the Forest Act was revised in part to deter- mine government stumpage revenues in advance. Stumpage rates paid by forest companies were then adjusted to achieve this predetermined revenue. In a letter written after a dis- cussion on the current state of the forest industry during the Terrace executive meeting, though, NCMA president Bob Trail writes: "It quickly became apparent that the additional stumpage burdens and silvicultural responsibilities imposed by the new Act, would severely strain the ability of the industry to operated at a profit. “Peak lumber demand in 1988 murray 3237 Kalum st. Terrace BC. ideo PHOTOGRAPHIY | metcalfe (604) 635-9585 V8G 2N7 Specializing in Weddings, Birthdays, Anniversaries ey and other memorable occasions {yd Real Estate, Insurance - Inventory Slide and Movie Transfers Ron Clark Terrace, B.C, Phone 635-2061 635-6312 ag Ballo; -., 3237 Kalum St. Richard Klein — Shawn Skalicky Marlo DesJardins Janice Paulltachke Terrace Carpet Centre 3202 Munroe Street Terrace, B.C, VeG 3B5 Tel 635-2076 and strong chip prices in 1989 allowed the industry to exist at near break-even profit levels dur- ing those years. However, during 1990 both chip prices and lumber markets have fallen sharply and the effect of the high stumpage levels now is not only to prevent profitability, but to threaten the entire industry with a sea of red ink." | At the root of the problem, says Trail, is the "inflexibility of a stumpage system which increased Terrace Review — Wednesday, April 3, 1991 AS Stumpage putting strain on industry, NCMA says stumpage rates in the latter half of 1990 as world prices dropped and inflation drove up production costs. Trail reminds Richmond that a ministry publication dated January, 1990, titled "Stumpage Appraisal Information Paper No. 1 — Com- parative Value Timber Pricing" states: "The Provincial Government may from time to time revisit the target rate determination to ensure that they remain appropriate.” If, however, the Memorandum of Understanding hinders the revision BRIDAL BOUTIQUE Special occasion dress rentals or sales KELLY MATTERN LISA STELLA 638-1773 os 4617B Lakelse Ave., Terrace BC V8G1P9 — Sunday, April 7 Dolly Varden Room at the Terrace Inn *Displays *Gifts ePlanning Guides *Featuring a Fashion Show to make your. day Uniquely Yours! == Call today for your free invitation! Karen & 638-0707, “AN a. pe A Sk a PARTY of target rates, Trail writes, "...we “urge you in the strongest terms to - take immediate steps to eliminate or renegotiate the M.O.U., before this document becomes _ the ‘obituary notice of the industry." Teck may take over Quintette Teck Corporation has made a bid to take over operation of the finan- cially beleaguered Quintette Coal mine in northeastern B.C. from Dennison Mines. The offer comes on top of yet another deadline for the company to re-organize its debt. Restructuring efforts began last summer, when Quintette was already $700 million in debt. The mine began in the early 1980’s with government incentives but has had problems with production and marketing from the start. An arbi- trator last year ruled in favour of its Japanese customers and ordered a reduction in the price of the metallurgical coal it has sold under a long-term contract. The mine is currently selling the coal at less than the cost of production. The debt reorganization plan hinged on tariff concessions from CN Rail, the BCR and Ridley Island Terminals in Prince Rupert. If the Teck offer is approved by the Quintette board of directors and the government regulatory agencies, another plan will pro- bably be put forward. Teck already operates the Bull- moose coal mine, adjacent to the Quintette mine. Bullmoose pro- duces 1.6 million tons per year and runs at a profit; Quintette produces 4.75 million tons and does not. Teck operations manager Mike Lipkowich said yesterday he expects a decision on Teck’s offer within the next two weeks. Coal from the Quintette mine forms a substantial part of the CN Rail traffic going through Terrace. Pifer — . a's ‘ ‘* %e . 6 AG rae oF Flowerland *: . ip. Continued from pag e “Key x °20% off floral & % By *Spectacular, exciting ee balloon designs & ideas eunlque floral bouquet designs «professional & fiiendly service ef us create a colourful, magical moment for your SPECIAL DAY! CR ese M. Ni asen: " Skin Care and Makeup Consultant break even in the voting booths. And as far as their conven- tion to find a new leader is concerned, you may bet that one sign outside the hall (I sug- gest), will read: ‘‘Zealots need not apply’’. BEAUTY by ® For a complimentary skin care and makeup consultation Please call (604) 635-2584 P.O. Box 45, 3609 Larch Ave. Terrace So what must the Socreds do to escape their image of being a bunch of homophobic 55-year- old men (primarily) who are living in the 1950s rather than the 1990s? . Having dumped or ignored . two of their brightest (and youngest) stars — Kim Camp- bell and Graham Bruce — the Socreds need to prove that they can change, that they can reflect modern thinking, and that they no longer adhere to the special-deals-for-special- friends arrogance of the past 40 years. Now THAT is going to take . some proving! Stay tuned. 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