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VOL. 83, NO: 18

35 Centa

CASTLEGAR, BRITISH COLUMBIA, APRIL 80, 1980

3 Sections (A,B&C)

Meeting
“on mill

z

senior management *

1981.

Interviewed by the
Castlegar News,
noted the expansion plans

about five or six years” and
added she was “happy to
see the decision come to an
end.”

But she stressed the
importance of city council
meeting in the near future
with CanCel management
to assess the impact the
expansion will have on

going to bé even more
pressure applied to the city
to entertain growth,” she
said.

- “I think we'd better be
sitting down with the
people at CanCel and find-
ing out just what kind of
moves they are going to
|. make .and when they're

‘more ‘ pertinent * than “we~
thought.”

~ “We knew it was nec-
_ essary, but this is even

impact — Moore.
A call. for discussion with CanCel

15 days” was Mayor Audrey Moore's reac-
tion this week to plans for expansion of
the company ‘s Castlegar pulp operation in

Moore ~

have been “muted for -

legar.
“It looks as if there's _

> eity's community. plan “is “Arrow

needed
growth.

‘within the next 10 or

ce

AUDREY MOORE
‘added pressure’

more. pressure applied,”
the ma: said. all

“ten, sipped -

Cel's water intake at the

base of Hugh Keenley-
on page AS

ie ‘A yet-unnamed
“major national food
chain” has agreed to
occupy a 26,000-
square-foot store in
the planned Birchland
Square shopping cen-
tre at Columbia

Food chain. signed
‘as Birchland tenant

ations are under way witha .

junior department store for a
7,000-square-foot space.
Offers to lease “have
also been’ received from a
nuniber of local merchants,”
a First City spokesman said
in the release, and the
company “plans to propel the
toward a late

A and Kok
Street, according to
the. project's
developer.

In a news release last

. week, First City Investments

re the commitment

‘ <from the chain would “an-

: chor” the 73,000-square-foot,

$4.5 million complex of which

: construction is scheduled to
start in mid.

1980 completion.”

Contacted at the com-
pany’s Vancouver office this
week, a spokesman said First
City was “not prepared”. to
name the food stora tenant.

First City Investments

. is a division of the western-
based First City Develop-
ments Ltd., and is engaged in
joint ventures, equity financ-
ing and direct development

western Canada

Other leases under com-
mitment include a 4,000-
; square-foot drug store and a
7 8,500-square-foot ‘bank, the
company said, and negoti-

and the United States. First

By RYON GUEDES

NEWS /MIRROR EDITOR
Despite its commitment of u up.
< $350 million to expanding its
pulp operation here Canadian
[lulose a few loose ends crucial
* the project still remain, accor-

ding to president Don Watson.

One, Watson told the Castlegar News

" from his Vancouver office Tuesday, is identi-

fication of sufficent wood-fitre sources to

Meeting ‘premature

bid for 100-per-cent ownership of the
company.

Critical. to the expansion plans an-
nounced at the company’s annual meeting
Friday is the available extra fibre supply,
which has been the subject of several
preliminary studies, Watson said.

Asked the ability of CanCel’s tree farm

| “Fibre, BCRIC critical in pulp mill growth

Watson

“When we go beyond that incrementally
we have got to depart from the traditional
methods of harvesting,” he said. “We've
obviously got to make more use of the fibre,
We've got to find additional sources of
residual chips, perhaps outside of our
immediate éxisting area and we've. got to
look forward to thes possibility under

the annual

licence No. 23 to supply the ion with
the fibre, he-said the

boost the 's present Castl pulp

production from 580 to between 1,000 and
1,800 metric tonnes daily by 1984.
Another, he said is the design and extent
of the expansion, scheduled to start next year
and expected to create up to 200 jobs.
And yet. another, according to Watson, is
the B.C, 8

‘Brand new waiting game for

Interest ‘rates require Northland Proper-
ties Ltd. to continue watching and waiting for
financing of its planned’$3 million, 115-room

iman Inn on Seventh Avenue South.

City I Ltd. is
the real estate a yctenaicat
arm of the First City Fi-

But this time, operations manager Don
Hall said Tuesday, Northland is watching the
nancial group of companies. interest rates drop rather than rise.

supply “would not be enough “if we look at
everything ina traditional way.”
ed on of har-

allowable cut in the ie farm licence.”
Beyond a certain “outside mit” of
ion of the pulp

decision to approve the expansion, Watson
said he felt the company “was coming right
up to that in any event.”

“Had BCRIC not indicated its intentions
last week we would have bedn having a board
meeting of CanCel at some time in mid-May
to analyze and consider all these studies
management | has just completed and analyze

" he said. \

“Management's recommendation would |
have read exactly the same. But we had the
annual shareholders’ meeting and because
the BCRIC notice of intent to offer was out
we had to makb our position known.”

But the CanCel president agreed com-

Muti Sei bnaaik ia

vesting timber, Watson explained, company
studies have determined “beyond any doubt”
the TFL can provide the fibre needed for 450
extra tonnes of Eee daily.

Although he reported
early this month that North:
land, the holding company for
Sandman Inns Ltd., had been
unsuccessful in attempts to
borrow funds for the hotel's
construction he said the
company’s: updated feasibil-
ity study for the project has

“an Tes-

by the
reduce: “its current total reduced sulphur
discharge level of 240 parts per million to the
“B" level air emissions limit of 20 by late 1981
— would mean meeting ds applied to

pany sees the p pur-
chase as “positive for CanCel's operations.”

Explaining his statement last week that
the of the 24
million publicly- acid shares would allow for

“a completely new mal.” the Cancel head”

said.

But whether the “A” level standard of
five particles per million will apply depends
greatly on the results of engineering studies
now underway and completed fibre studies
now being analyzed, he added.

“It’s entirely probably that it could mean
new facilities,” he said. “If you couldn't build
a tied-in, integrated mill large enough to
handle the fibre that was available we'd have

‘of CanCel's forest resources
with those of BCRIC's wholly-owned sub-
sidiaries,” “he cited as an example the
“opportunity to complement” the BCRIC-
owned Kootenay Froest Products in Nelson.

“I think there's an opportunity there for
us to provide them with some logs from time
to time, the type they may be a bit short of
for the converting facilities they have,” he
suggested.

“And in turn we would hope we could

to do something north of where the sawmill
is, so. there would be -no question about
having to meet Level A.”

+ Asked how much plans by BCRIC —
81-per-cent owner of CanCel — to offer to buy.
the remaining 19-per-cent minority holdings
of public shareholders hed on the actual

Revived chamber in the black,

lacking for a ‘long
time," president Tom -
Oglow reported last
Thursday.

Speaking to members
following the official opening ©
of the chamber's office and
business information centre
at 1444 Columbia Ave.,
Oglow outlined the organi-
zation’s gains since the De-
cember, 1979 decision to open’
the facility.

“We started with 17
members giving this execu-

TOM OGLOW
~ + bepatient’

ines this is oreanieaon

our di on residual chip
supplies — one complementing the other in a
number of ways.” |

As well as providing capital for such
projects as the pulp mill expansion, complete
BCRIC ownership would free CanCel from

More on page AB

+. $8,200 in our bank
‘account and we have put this
‘chamber back into the black.”

ness information centre’ in
© return for $300 per month
through a fee-for-service con-
“tract .with the B.C. Chamber

" of Commerce. -
In addition to sending
information packages to
every major city in western
Canada and to Spokane, the
office has answered “dozens
of inquiries from individuals
and companies in regard to
our area,” he said.
Outlining current acti-
vities, the president said the
chamber has created com-
mittees dealing with civic,
retail, industry and tourism
in the ity and will

tive the mandate to improve
the status of the chamber,”
the president said. “Today-
we have 74 members who
have paid their dues to

to secure, this

year round,”

of picking the best time to
borrow money.

He said there is “defin--
itely a probability” funding ©
will be secured for the Sand-
man project by September
“but we don't know at what
rate yet.”

ket again.”

onlaran and future fee-
for-service contracts we plan

have no problem operating
he said. “We

hotel project

go ahead it would go up a_ and officials of Castlegar for~
point or a point-and-a-half.
Now it's the other way port of our construction
around. When they want to proposals.”

offer us the money it’s a
point-and-a-half below mar-

soon form additional com-
mittees to cover such mat-
ters as Castlegar Airport,

chamber will

More on page AS

their co-operation and sup-

The advertisement says
the company is “confident the
Castlegar Sandman Inn will
meet your high expectations

and will be an important

,Ponse” in the lending market.

Noting the one-point
drop in interest rates to 15.75
per cent Tuesday, Hall told
the Castlegar News from his
Vancouver office his com-
pany now faces the problem

(a,
t THE

eae

“0 ly the lenders
were trying to get every
quarter-point or eighth-point
on the way up and now it's on
the way down we are very
reluctant to borrow money,”
Hall said.

“Before, by the time we
would make up our minds to

on

land to not build a hotel on
it,” he suggested the com-
pany's confidence in the
project was reflected ina

community.”

“We're fairly pleased
with the reception we've got
thus far. in the city,” Hall

advdr
this week by Sandman Inns,
which expressed its “sincere
appreciation to the residents

d. “We're trying to
keep people aware that we're
making every effort to go
ahead.”

STORY

WEEKEND WEATHERCAST

You‘re aE

SUPPLEMENTS

SUNNY skies Thursday be-
coming unsettled and cooler

for the weekend. Overnight

Woolco May Sale
Canada Safeway
Super Valu
{Not all supplements are carried in all papers.)

lows of 6° and daytime highs
in the mid-20's and cooling.

Sunday CasNews will be delivered to all homes on
carrier routes on Sundays during May. This Sunday,
telephone lines at the Castlegar News (365-7266 or
365-2212) will be manned from 10 a.m. to 12 noon so
that anyone accidentally mi with the inaugural
issue can phone in anda cas tatt member will
Personally deliver a paper to

—News/Mirror Foto by Lois Hughes

SUNDAY EDITION Gnnouncement was made to
Castlegar News sorters at a plant tour and open:
house. Carri ponded certhuslastlcally to the
announcement ofa a Sunday Ca sNews and will be out
bright and early this Sunday — Super ripe May 4
— delivering the Inaugural Issue. Special prizes
are ovailctte:t is ie. Stmember, carrie: fore curing
May and a wearing “Super Sunday” buttons
as they moke_their delieaiae re week id. The

Ann Landers

Classified Ads, Real
Estate and Automotive ~

Comics

Page C4

Pages BE-B7-BS Erma Bombeck .

. Page C3 Community Date Book . .

Entertainment
C4 Max Haines

‘age
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- QOneMan’sOpinion. . ...

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