Wednesday. December 30, 1992 - North Shore News - | yeath of a Shipyard NvV’s once mighty Burrard Dry Dock closes its doors permanently TODAY MARKS the final chapter of a North Shore ship- building story that Alfred Wallace began writing 88 years ago when he purchased property on the Lower Lonsdale waterfront. During that time, the shipyard that originally bore Wallace’s name mirrored the boom and bust cycle of B.C.'s shipbuilding in- dustry. The current incarnation of Wallace’s company, Yarrows Utd., fell victim to severe financial difficulties brought on primarily by the cancellation in 1990 of the $500 million Polar Class 8 icebreaker contract and a depress- ed worldwide shipbuilding market. In its peak years, Yarrows’ North Shore yard employed over 20,000 workers. When the yard’s clock is pun- ched for the last time today fewer than 10 workers will turn out the lights. They will leave to memory and ghosts the colorful and significant history of Wallace’s dream. WALLACE SHIPYARDS A brief history of the shipyard that was once the largest on the B.C. coast: @ 1904: Wallace buys the ;roper- ty (or a shipyard. @ Sept., 1906: Wallace Shipyards opens its doors for overation on the North Shore. @ 1907: First registered \