to forgive interest o on 1 loan TERRACE — A proposed deal to convert a debt the Shames Mountain Ski Corporation owes the Kitimat-Stikine regional district into shares in . the corporation also involves cancelling interest in arrears, says a Kitimat alderman. Ray Brady said the $94,000 in interest owed on a $313,000 debt can't be included in any plan to convert the principal in-. to shares. The debt is for regional district ski equipment. on its now-closed Kitsumkalum ski “from front front - Share deal repayment taken out to buy. | oo equipment, a building and night". Tae , four areas now being taxed to pay for an outstanding debt on the now-closed Kitsumkalum ski hill. The money that was expected from the Shames purchase was to have gone directly toward paying for the Kitsumalum debt. It is a 20-year debenture Page A2 — Terrace Standard, Wednesday, April 4, 1990 hill, Shames Mountain Ski Cor- poration bought the equipment in 1986 but hasn’t made substantial: payments on the principal or the interest. ~ Brady said previous com- panies owed momey by the Shames corporation also. took shares but forgave Interest and So the regional district has todo the same. “It's a write off, it’s history and gone,’’ said Brady of the in- terest that hasn't been . paid since 1986. =. He added that including in- terest in the share for debt swap Poh bass lights among other. things. ° It won't be paid off until the year 2000 and latest figures from the regional district in- dicate the debt stands - at $456,952. Logging not ruled out TERRACE ~~ A Nisga’a Tribal Council member does not dis- count the possibility of logging within the boundaries of a pro- posed provincial park. Harry Nyce said logging, if it is done correctly, could take’ place in the proposed park that would take in the Tseax lava beds north of Terrace toward the Nass Valley. The beds are the site of the last active volcanic eruption in Canada some 250 years ago. They covered two Nisga’a villages and the location is now considered a sacred site. “What we're working toward in partnership with Skeena Cellulose is the concept of land- scape logging. ° ‘We’ re in- some er anine! said Nyce. The boundaries of the proposed park include cutting areas assigned to Skeena Cellulose. Landscape logging is the term used for cutting which does not affect the overall scenic values of an area. Shed your winter layer Shape-up for summer! Skeena Cellulose spokesman Dan Tuomi said computer im- aging can design cutting areas that follow contours of moun- tains and create buffer strips along highways to avoid cutting in rectangular and more visible blocks. He estimated that 20,000ha of Skeena Celluose’s cutting area surround the lava beds could be affected and that the company is now working on more details for discussion with the Nisga’a and with the parks mini Revenue from logging would help finance expenditures to. develop the beds as a recreation destination and give employ- “ment © to' "people: Tyee led +o manage the;park,“he'said. -"~ ’ ‘The idea of’ creating. a park around the lava beds was discussed by the Nisga’a and provincial parks minister [van Messmer last month. At that time, Messmer said park designation status could come this year and that parks employees would assist in the planning and design. 33 4551 Graig A Avenue MEMBERSHIPS $99 =. Tronworks “= Gym & Fitness Centre 635-41 30° proposal would dilute the worth of the overall shares i in the cor- poration, Another regional district director, Les Watmough of Thornhill, says he's opposed to forgiving the interest because it is money owed by Shames. “It's money...for our patience,’” said Watmough. He’s also against swapping the debt into shares but favours rescheduling that debt and the interest owed. : ek ak The Shames proposal has yet and. regional said last week the Terrace posi- tion will be decided upon once it - | hears officially from the other . regional district areas, aa ‘He said the regional district must look at a number.of fac: | tors, including | he oF of the Shamesi the area’s -écou ‘quality of lift ‘ The new Passa spacious Volkswagen ever, The Passat is designed to transport five adults in complete comfart. It's so roomy that evan the rear seats reciine.: Yet Passat doesn’t surrender perfor- mance for comfort. Like all German- engineered -Volkswagens. it offers Options. qe and deatar Come take our - ~ newest showroom - out for a spin. “Based on manufacturer's suggested retail far the sedan with § speod manual transmission. outstanding handling and tenacious toadholding. So drop by and take our roomy new showpiece for a test drive today. @ (C)) Passat 19,950 Columbia Auto Haus Ltd. 3779 RIVER DRIVE, TERRACE, 636-5717 ion extra Daalar may sal for lass. : 5 distict chairman: Jack Talstra ‘EGR paso ! a ATIMGAs) Agree ae eae | "Vmi in great shape . since I lost 98 lbs. with Nutri/System.” "The NutriSystem? Weight Loss P rm Inches a variety of - delicious meals and snacks, nutriti6nal and behavioral I counsetng, . light activity, and welght maintenance. ; . t NutrifSustem’s Comprehenalve Walghi Loss . Program Ineludes: ow, CALL TODAY FOR A FREE NO-OBLIGATION CONSULTATION | 638-1800 TEARACE 4644 LAZELLE AVE. *winimum 30 %, program to quality. Special offer doas not includa cast of exclusive MurtvSystan fucd. Offer valid at patigaling corte. Hew clans ct, Ofer mapas Azd. 21, 1900 { . nee GRAND PRIZE A BICYCLE of whiners ‘choles (value $1 89), 16 ‘additional prizes to be awarded, Complete vad bioe and 2 _ fetum to any merchant of the. Terrace Shopping Centre by 9 p.m. Thursday, April 12. Judging to be done by coordinator— © Vesta A. Douglas, assisted by Lols McDaniel, Moreen Worobey and Miss Terrace. Shopping Centre 1989 2nd Arincess Cay a Megan Walker. Prizes to. be awarded at the Tarrace Shopping: Contre, Saturday, April “ ati pm. — |: o | GRAND PRIZE WILL BE AWARDED BY DRAW FROM oe an WINNING ENTRIES IN EACH AGE CATEGORY a Sponsored by: vet oy ‘© Erwins . Elizabeth relies WAX. “a CRAYONS ri