A8 - The Terrace Standard, Wednesday, November 1, 1995 Bankrupt hotel Income Tax Course shanges hands ee / SMART BRITISH COLUMBIANS. - apeey,’ ARE SAYING... « ce m Leama NEW skill! - ont Se | Ippliers get nothing m Increase your tax KNOWLEDGE! - Lo NE | Nes TERRACE INN’s unsecured creditors won't get any H i their. money back in the aftermath of. the hotel's al CONVENIENT times & locations! AY. sedioe and nangagetolter, Joa | Her Block | | ‘SHARE THE WARMTH” Stating soon! it ean ms . ; Adults and Children’s winter coats are needed, If you've again, For more information © 635-5669 | | outgrown or replaced last year’s coat, bring it in... Spotless _ . NS Cleaners or Richard's Cleaners will dryclean it, and donate it to the Salvation Army's “Coats for Kids” campaign. All we. need j is your coat... came on Terrace, share your warmth. alked off the jobs after they weren’t pald. Georgilas petitioned the hotel into first receivership, and pene | Bes CHANCE r |} COAT DROP A Supreme Court Justice last week awarded outright ae =) ownership back to Georgilas October 23 - after concluding that the hotel : Georgilas is still owed, November 4 Only! “A year of hell is over,” the hotel in whatever State it’s 7 Lite | ; * 635-2820 Other secured creditors — oa 7 ae BH > i 8 is presently worth far less than the $1.7. million that said . Georgilas’’. lawyer, 4736 Lakelse Ave. Andrew Bury. ‘“‘He now owns Terrace primarily government agen- cies that weren’t paid taxes — UNTIL NOVEMBER 15 ; may still be able to come after Richards Cleaner Georgilas for some of Sidhu’s DON'T MISS 1 pay, zany e 5 unpaid bills. OuT! x g : . 3223 Emerson St. But Bury said all the locai unsecured creditors that sup- John Georgilas : plied the hotel are out of luck, ~ © They will get nothing to the best of my knowledge,” | Distribution after November 17 Bury said. ‘It’s going to be very minimal if they collect a e i Td g. anything at all’? i a H ~ Even though Georgilas has the hotel back, Bury says the You'll like us, for more than our tires. from The Salvation . Army ‘episode has: cost him’ a lot-of money in both lost value, —_— ——— — or 635-5119 ~Jevenue and légal fees. ~My. Sidhu’s made a lot of money for me and other law- ; -yers, but he? 's cost other people an awful lot more,’” Bury VEVANLANY HE vil Christmas Hamper Depot va Georgiles) has lost enough monty to buy a house L: ds acces | By Hara ob Ie | f Watch for further information. in Vancouver,’ he added. ‘‘It’s well into six Gigures.”? -. Georgilas arrived back in Terrace last week and said he’s embarking on a program of Oxing up the hotel. Mine to expand A SMALL northwest gold “mining company is _continuing to expand its “TRSeIves.. - - Cusac Gold Mines Ltd. operates a small gold mine “near the former. townsite of " Cassiar up Hwy37,. -In. 1993 it revived a mining. operation that had been closed since 1989. .Since® then Cusac has -eamed:a’ ‘good j income from ’ deposits | found: during the “previous . mining period, gays. company spokesman - David ‘Brett.: But vit .’now. wants to _ expand ‘the underground - operation by spending $1.3 ‘million to gain access to ew vein deposits, -Cusac has’ one advantage in: that detailed plans. outlining - ore deposits and equipment. were already on. “Site: dating back to the 1993 closure.” ~ Also . underway is - swinterization ' of the property’ s mill and building so that- work can continue ‘on-over the colder months, “The history of the property “dates back to the 1950s and 1960s: when Guilford Brett Slaked the area and formed “Cusac.: © one ‘opened a mine.on the “site In1978 and went into ‘partnership: ‘with another company called Erickson i in ‘the mid-1980s, “The..1989 closure took place. when Erickson . decided it wanted out of the gold mining business. - Cusac - then bought out Brickson, leading t the way to the 1993 | re-opening, : . Delegates © include > PROUD sponsoRs a tepresentatives from the "Philippines, Peri, wr GENMMAL Morons Flaca “Columbia, Bolivia, Mexico, - Guatemala, Hawail.: and sof other’ Canadian native groups.