News that could have tremendous impact on the. economy ‘of

.. Terrace and district has got this northern B.C. cammunity hopping . . ch

like a Mexican jumping bean. ~
‘The big news is the announcement that the B.C. government has

acquired majority control of the big pulp mill operations of eee ee

Columbia Cellulose Company, Limited.

“The money-losing Colcel mills at Prince Rupert were facing : a.
-complete shut-down when the provincial government stepped in: to :

take over coritrol and keep them operating.

‘Logging operations to supply these mills constitute a major. :
industry and payroll for the Terrace area and the news ‘that iva.
mills are to have a new lease on life has. important long-term ~~:
‘economic implications and moreparticularly in conjunction with)”
proposed deep-sea improvements at Prince ‘Rupert. and. the’.
resulling increase in CN rail traffic and expansion of rail facilities. e

bviously retention of the milis as viable operations will further

‘ ricourage the CN to utilize the rail line through Terrace as its main -

unit-train route from the Canadian interior to the west coast.
Prince Rupert is 500 miles closer to the Orient than Vancouver and

he Pacific Rim countries constitute ‘major markets of the future

for Canadian exports.

‘This part of northern B.C. is also excited by the contents. ofa

consultants’ report dealing with the massive development. potential

of mineral properties.in the Dease Lake, Telegraph Creek, Coast
Mountains, Babine Lake, Houston, Galore Creek, and, pther areas

of the north.

Progress in

Terrace

Transportation is a critical factor in the economic development
of mines in these areas and in this picture the new Stewart-Cassiar

a -- Highway, the extension of the B.C. Railway to Dease Lake, and'the
_ - (CN route through Terrace to the Port of Prince Rupert become of oe

paramount importance in assessing transportation costs.
Several properties discussed in the report
concentrates most economically via the CN route to Prince Rupert. -

Potential forest development in this same general area is another °.

aspect'of the. report and again the factor of: transportation figures
prominently i in this section of the study too. —

. One’of the reports recommendations calls for an immediate start :

on the rail line north of Terrace to the junction of the Nass and Bell-
Irving Rivers.

take the initiative.
“It further recommends possible acquisition of the. CN's Terrace-

. Kitimat spur thus providing for a complete resource development __ :
: railway from Kitimat. to Dease Lake under the control of the

: “This action ‘would involve shelving present
B.C. Railway plans to move directly to Dease Lake from Skeena- .
Sustut..It would move the B.C. Railway into a more productive

- resource area ant at the same time promote ... the stabilization of

the economy in the Prince Rupert-Terrace-Nass region, by

~ reducing delivered wood costs and increasing values extracted
from the timber harvested. This is an urgent consideration,” the
‘report stressed. os
: Over-all the report's recommendations, implemented fully or ole
even in part; should have- ‘a-major impact on the economic life of.

Greater Terrace.,

COLCEL MILLS

: ‘Following i is a detailed announcement of the government take- _

over of the Cellulose pulp operations, released by the company:

The Province of: British ‘Columbia has agreed upon a plan
under which 100 percent of the assets of Colcel will be acquired by a_ |

government-owned company and Colcel’s minority shareholders.

Celanese Corporation owns 91.3 percent of the common shares of

Celcel..

. Under the agreement. the government-owned company will .
-aequire approximately 79 percent of the common shares of -
“Canadian Cellulose Company,

Limited, Colcel’s . principal
operating subsidiary, the preferred shareholders of Colcel. will.

- acquire 14 percent and the minority common shareholders of Colcel

7 percent, Canadian Cellutose is: B expected to become: a public!

‘traded. compa ny.

could. ship

It also suggests inclusion of the Terrace-Nass: |
section of the route in the B.C, Railway system if the CN Fails. to +

| Drop in at
i *

1052 Highway 15 16 East
& view the Heart winning
mobile homes

Wedding
& Birthday.
Ambassador ' .

Diplomat : | _Spec iality

Embassy {| |

in Fine. quality

Pastries,
__Bread & Cakes”

[Phone 635-6251]

1052 Highway 16 East Terrace, B.C.

at

4717 Laketse Ave.
635-6063
Terrace, B.C,

SOIT EL