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‘Page 22, June 3, 1979 - Sunday News —

“South. Vancouver. Kt will be the first large log converting installation to be designed in
. . the B.C. coast forest industry in 35 years. " ~

Hawke,

ram will be

Rayonier expansion

to cost

(Repri nted—frém- ~ BC.

- Market News)

Rayonier Canada Ltd. of

Vancouver, one of B.C.’s
well known forest“products
companies, proposes to
spend up to $400 million

' -over the next five to seven
years to expand its plants

and to remain competitive.

The company’s plans
include $200 million to
rebuild. and expand the
Woodfibre pulpmill at
Squamish; $85 million for
upgrading. wood products
division; $65 million for
better forestry and logging
operations and $50 million

IMPER

provinces whe

$

--for-improvement to the Port
Alice pulpmill on northern
Vancouver Island. $45
million is projected for
expenditure during 1979.

Geographically, the in-
vestment will be allocated as
follows: Queen Charlotte
Islands $10 = million;

- northern Vancouver Island.

— $100 million; southern
Vancouver Island $5
million; metropolitan
Vancouver — $85 million:
Squamish — $200 million.

The construction stages of
the program will make a
significant contribution to
employment, providing

INDUSTRIAL /COMMERCIAL
INVESTMENT

Limited number of Investment Units
available in exceptionally well located
industrial/commercial property
in Vancouver, British Columbia featuring:

@ Imperial Square Business Park

® 8.0 acre site & 215,000 sq. ft. of space

@ Pre-cast concrete construction

® Cash flow quarantees

@ Tax shelter write offs

@ Professional property management

® Price per unit—$25,000

_ @ Initial Subscription $6,000; Balance

* . by note over 3 years.

For further information contact.

IAL VENTURES LTD.

273-7771

A Progminery prospectus relating to these secunties has been filed with
. the Securities Commissions or similas authority in cenain Provinces
of Canada but has not yet become (inal for the purposes of a distribution
to the public This advertisement ip not to be construed as a public
altering. Such offering will only be made by a tinal prospectus in those
re such prospectus has been accepted for filing by 4
Securtiies Commission or similar euthortty in such province

THES

IMPERIAL
GROUP

approximately 1,000 jobs.
*“*More importantly,
however, the better wood
utilization and cost ef-
fectiveness will provide long-
term job stability. for em-
ployees dependent on
Rayonier Canada’s
operation”, said James L.
Buttar, President.

Rayonier Canada's British
Columbia operations
consists of seven company

and eight contractor logging.

divisions, four lumber mills
and two pulpmills. Last year,
company sales were $208
inillion and employee wages,
salaries and benefits
amounted to $78 million.

_ Assaly,

)Smarten up on metic,

CMHC tells builders

Efforts will have to be
redoubled to overcome the

‘ procrastinating attitudes

being encountered in the
housing industry's metric
conversion program. That
was the message from Ray
Hession, president of the
Central Mortgage & Housing
Corporation, for members of
the Housing &~- Urban
Development Association of.
Canada at a recent Ottawa

meeting of the
CMHC/HUDAC liaison
committee. .

Hession said that if

builders need -help con-
verting CMHC would
provide the assistance,
particularly
remote areas. He suggested
that since the commitment
to metric has been made
with: two years of
preliminary discussion, the
momentum for conversion
be accelerated with the
cooperation of all par-
ticipants.

HUDAC representatives
at the meeting were
President Keith Paddick,

immediate Past President .

Bill Small, Past Presidents
Eric Bergman and Ernie
. Manufacturers’
Council - Chairman Dick
Aylmer, Gerard Gazaille,
Chairman Quebec
Provincial Association, Cyril
Morgan, Past Chairman
Newfoundland Provincial
Council, P. Belanger,
Quebec Provincial

S the Permanent

Canada Permanent Trust Company
Canada Permanent Mortgage Corporation

We'll alerays be bere to help you make it Limited time ofter at participating brane ‘
VANCOUVER: RICHMOND: |
701 W Georgia St. 2699 Granville St Lansdowne Park,
689-0611. 731-6654 Unit 626

5300 No. 3 Road
455 Granville St. P2154 W. 41st Ave 273-0821
684-0466 266-710 a
NORTH VANCOUVER: WEST VANCOUVER: " |

1604 Lonsdale Ave.
986-131"

in the more’

Association and Executive

Vice President Bernie

Bernard.

Aylmer corrected an
impression held by some in
the industry that because a
large volume of Canadian
plywood was sold to the U.S.
there “was _ insufficient
demand for metric

dimension. He said 20 per

cent of Canadian plywood is
consumed domestically and
the balance exported
overseas with very | little
going to the U.S. because of
a 20 per cent duty. More
U.S.
comes into Canada, par-

ticularly when demand

warrants it owing to the
lower 15 per cent duty, he
said. an

Transportation Department.

applications,

Robert A. McMillin,
Personnel Manager,

P.O. Box 2179,
Vancouver, B.C.
V6B 3V8

COORDINATOR ~

WELDWOOD OF CANADA LIMITED, a major integrated forest
. products company with manufacturing and sales facilities
across Canada,has an immediate opening in the Head Office

The successful candidate will assist in the coordination of rail
and truck movement of the Canada/U.S. transportation
operations. This will involve rate and routing quotations,
negotiations, tracing and expediting. °

Qualified applicants will have a university or technical college .
transportation discipline pilus 1 or 2 years practical tran-
Sportation experience in trucks, rail or barging areas. _

This is a career opportunity with a leader in the forest industry,
offering a competitive salary/benefits package. Please submit
in.-camplete_ confidence, stating education,
experience and present remuneration, to:

Weldwood of Canada Limited,

~

When you
obtain a Personal Loan for

2040 Park Royal South °

plywood probably .

926-5467 ;

$2,500.00 or more at The Permanent, you'll get po
13% oft our interest rate of 132%." This means you
could get a Personal Loan at a reduced interest rate of 11.7%."
Personal Loans at The Permanent are avaitable trom
$2,500.00 with repayment terms up to 60 months... .
depending on the amount of the loan, and theres
no penalty tor prepayment. However, security is usually "
required. All our loans are lite insured up to $25,000.00 : os
to age 65 al no extra cost. Add to this the fact that ©.
you'll find our staft friendly and helptul, and we're sure
you'll agree, If you're planning to borrow or have & ©
foan with another financial institution, now's the.
time to get a Personal Loan at The Permanent. |;

BT mbps >

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