-this,’’ he said.

The Terrace Standard, Wednesday, February 19, 1997 - A9

~ Business Rev

Few would escape
Repap ripple effect

Millions owed

to contractors

By JEFF NAGEL

‘LOCAL LOGGING con-

tractors say a melidown of

’ Repap would have drastic

implications for local busi-
ness.

Gordon Hull, of Don Hull
~and Sons Contracting Ltd.,
said he fears the bankruptcy
of Repap is a distinct pos-

sibility because most
analysts are predicting
Avenor shareholders will

volte against the proposed
takeover on March 12.
Many of Repap’s big con-

‘ tractors and suppliers are
_ owed huge sums of maney,

Those contractors and
suppliers — already
stretched to the limit —
could themselves face
baukruptey if they’re unable
to collect their money.

. And Hull says that in tum
would create a ripple effect
through the northwest econ-
omy that would Ieave few
unscathed,

“Tt could be devastating,’’
Hull said. ‘‘If ihey go under,
there’s so many businesses
in town that are associaled

to the Jogging industry and

the sawmill] industry — it’s
pretty far reaching.”

‘When you really think
about’ it it makes your
stomach knot up.””

Greg Main, president of
Main Logging — another
big Repap contractor —
agrees with Hull’s assess-

ment.

*T don’t think there’s a
business in this town that
would be insulated from
‘*There’s a
lot of money out of the
northwest economy that’s
- tied up in this.’’

Hull won't say’ how: mnnth ‘
' money ‘Don Hull and Sons

_is owed, but confirms it?s in’

seven figures,

- “Our. exposure -—- the
amount of money we're
owed — is horrendous,’*
Hull said.

Main. says the same ap-

_plics to his company.

“We're all facing the
same problems,’’ said com-
pany president Greg Main.

He said that keeping cash
flowing and loggers paid
has become “extremely dif-
ficult,”’

Hull said bis company has
received no payments from
Repap so far this year, but
they’ve been forced to
resume logging operations
and find ways to pay em-
ployees anyway,

“They're not even giving
us payment schedules any
more,’’ he said of Repap.

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CHALLENGING TIMES: Greg Main of Main Logging
says he and other Repap contractors are stretched
close to the limit of their financing.

f~ ° a’
News release from your local optometrists’
spokesman Dr. Vic Hawes

(TERRACE, Feb. 19/97)—The

Operating lines of credit
have been the contractors’

lifelines, | but Hull says Canadian Association of
there’s limits to how far Optometrists (CAO) haa
firms can exlend them- launched its annual Vision

selves,

**There’s still a month be-
fore we're going to sec any
revenue,” Huil said.
‘We're to the point where
we have to say what now?””

Hull’s company survived
the forest sector downturn
of the early 1980s, but says
this time it’s different.

Back then the cause of
shutdowns was rock bottom
lum er prices. Today, those
prices: ‘are ‘good’ but fogging :
costs are through the roof,

The fact that lumber prices
won't always be good scares
him.

“The company we wark
for is on the verge of
bankruptcy,’ Hull said.
“The markets are good and
they can’t make money.

Awareness Week campaign— Hm
aiming to help Canadiana better I
understand how the latest tech- &
nology affects vision and eye
health.

“High technology seems to be
the driving force of the nineties,”
says Dr Hawes. “It’s important
that the public understand that
a lot of these advancements B®
directly affect vision and the @
eye.” Dr Hawes cites prolonged
computer use, particularly with Bij
the birth of the Internet, as one fm
of the most significant techno-
logical factors affecting eye
health vision problems. “People
are staring at computer screens
for longer and longer periods of §
time as they ‘surf the web’,” he
adds. “This can cause, or
aggravate vision problems, par-
ticularly if the screen’ is not
adjusted correctly.”

According to Dr Hawes, a short

| CTY OF TERRACE |

Proclamation
Hear we: Hear per

Let it be known that I, vac racs7a — Mayoi of the City of Terrace,
by the powers vested in me do hereby declare that: ©

“Gordon Hull

bridge financing program
set up to help Stewart con-
tractors as the best thing the
ageucy has done to date.

He said it’s closer to the
tme intent of FRBC than
many other projects.

WHEREAS good vision is a vaivable asset for mambers of our community of °!" ae
Terrace;

ANG WHEREAS tha responsiblity of caring for vislon and eye health shoukt be #
major concern of each citizen,

ANO WHEREAS Vision Awarenass Week /s designated as a time ta consider the
important role of good vislon for productivity and enjaymant of kfe;

What are they going to do
when the markets are in the
tank?”

Hull said he wants to drive
the point home to govem-
ment thal something must
be done to make logging
more economical here in the
transition zone between
coastal aud interior forests.

“A lot will depend on
what changes are made to
the overall casts of operat-
ing,’” he said. “I think the
ball’s in the government’s
court.’

Main praised the FRBC

Many want LNG

PAC-RIM LNG has yet to
start building its $1.4 billion
liquid natural gas develop-
ment but people are already
champing at the bit ta move
to the northwest.

Kitimat Chamber of Com-

merce manager Gail Guise
says it has been inundated
with phone queries since
early last December when
the company announced its
plan.”
‘More than 350 calls and
faxes have come in from
people looking for work or
just for information on how
to get their companies in-
valved.

Most calls are from the
region but some have come
from as far away as the
Maritimes, New York, New
Orleans, Texas and Califor-
nia,

“This shows me how
desperate people are for

- work. In other words this is
- just a little carrot, and boy,
. they're just jumping all over

us,’’ said Guise,
She said people are phon-
ing the chamber of com-

_ merce as they don’t know

where else to make in-
quiries.
Pac-Rim officials say it’s

- “still to6 early to be applying

. for work.
‘But the company is. ac-
cepling tesumes and has

sent a contractor registration
form to the chamber of

commerce for use by coin- . “ _ (aera
panies making inquiries, be done by June, according to Dr Hawes, “Tech- ae a | |

Pac-Rim will eventually | Scheduled completion is nology is Literally changing the eee - nn een TaY

: way W ,

need architectural and for the end of 1995, optometrists are constantly Vision Awareness Week runs nationwide
engineering consultants, The plant will turn natural updating our knowledge to keep from February 17 - 24, 1997,
suppliers of construction gas into super-cooled liquid } on top of the latest progress in Py ’ °
and entice material and 4 natural gas for export to | our field.” For voce jnformation: coiehe your

ostof construction trades. — Rorea, local fam optometrist.

For now it’s working on \ ADVERTISEMENT ly P /

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Discover the wide open spaces amid the

“The FRBC money is not
being spent,’’ he said, “It’s
nota grant. IVs a loan, It bas
to be paid back with inter-
est.”

“It puts money back to
work in the communities it
came from.””

Main said be wants to sce
the concept extended to the
rest of Repap’s contractors
and thinks that’s a real pos-
sibility.

“It’s quite possibly the
way business is going to be
done here for the medium
ferm,’” he said.

work

final financing and on satis-
fying environmental assess-
ments in the hopes this will

visual break is recommended for

every 15 minutes of intense com-

ANO WHEREAS the observance of Vision Awareness Weak Aeightens public mt
awareness end understanding of the professional care that is avallabie for the

puter work, and the screen
should be positioned just slightly J
below the line of sight. The @
screen should also be kept clean,
and free of glare, he adds. And,
don’t forget, he says, “Regular
eye exams are important, espe-
cially for computer users.”

The technology most people §
seem to want to learn more J
about, however, is the relatively J
new laser eye surgery, says Dr
Hawes, “There’s a great deal of J
excitement over the surgery, but
people need to remember that J
the long-term results are still §
unknown,” he cautions. “There
are definite benefits, but definite |
risks as well.” Not everyone isa

protection, preservation and enhancement of viston.

NOW THEREFORE I, JACK TALSTRA, MAYOR OF THE CITY OF TERRACE,

DO HEREBY PROCLAIM

tha week of Fobruary 17 - 24, 1997 as
VISION AWARENESS WEEK"

in the City of Tarraca,

‘candidate for the surgery, and
Dr Hawes recommends that you
look to your optometrist for a §
suitability assessment.

What's the bottom line about
vision in the nineties? Well,

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