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PAGE © TERRACE BAY NEWS JANUARY 30, I974 INDUSTRIAL DEVELOPMENT BANK LENDING UP SHARPLY IN NORTHERN ONTARIO - Loans by the Industrial Development Bank to Fusinesses in Northern Ontario were up 37% in numker compared with the same period in the previous year. In the quarter, the first in the current fiscal year of the bank, IDB auth- orized 86 loans in Northern Ontario for $3,763, C00 as against 63 loans for $2,038,000 in the similar quarter in I972. In the twelve months ended December 31st, IDB approved 333 loans for a total amount of $13,452,000 in Northern Ontario. At December 3Ist, the bank had $37,828,000 outstanding in loans, investments and guarantees to I,046 customers in the region. A subsidiary of the Bank of Canada, IDB provides term financing to smaller businesses in Canada which are unable to obtain financial assistance from other sources on reasonable terms and conditions. IDB lends to almost any type of enterprise for a variety of business purposes. The Truth! Most people rarely succeed at anything unless they are having fun doing it. SPORTS CORNER 2 STAR OF TWO NAT HOLMAN CLUBS AT CITY COLLEGE OF NEW YORK, WILLIAM (RED) HOLZMAN ENTERED PRo RANKS WITH ROCHESTER ROYALS (EIGHT SEASONS) AE a HAWKS, HEAD SCOUT FOR THE Ne KNICKS, HE EVENTUALLY REPLACED DICK \ Mc GUIRE AS HEAD COACH. HE'S CaN-- . \SIDERED A COACH'S COACH, INSIETS bi --\ ON DISCIPLINE, RUT TREATS His PLAYERS LIKE MEN. HE GUIDED KNICKS TO 60-22. RECORD AND FIRST WORLD CHAMPIONSHIP IN 1970, HIS SECOND FULL SEASON AS HEAD COACH. WAS NAMED NBA COACH oF PR or Sok AvonAR NEA obi eg Plays UAL ROLE AS COACH AND GENERAL MANAGER . PH OFIA DIRECTORS IN CONFERENCE A Newly-elected directors of the Ontario For- 4 est Industries Association held their first = meeting of 1974 following the Association's 8 3Ist annual meeting this week in Toronto. The OFIA comprises some 4I member-companies. i Shown here, left to right, clockwise, 3 around the conference table are: 3 H.F. Staniforth, Montreal and Kiosk, (Good- man-Staniforth, Division of UOP Manufacturing . Ltd.); J.E. Shewchuk, Thunder Bay, (Newaygo 4 Timber Company Limited); M.A. Opper, Marathon, ; (American Can of Canada Limited): G.W. Bell, Kapuskasing, (Spruce Falls Power and Paper Company, Limited); Grenville Martin, Harcourt, (G.W. Martin Lumber Limited); E.H. Morgan, Thessalon, (Midway Lumber Company Limited); Edward F. Boswell, Ottawa and Hull, (Eddy Forest Products Limited); B.E. Seppala, Fort Frances, (The Ontario-Minnesota Pulp and Pap- er Company Limited): W.C. Harrison, Toronto, A (Abitibi Paper Company Ltd.); G.L. Puttock, Terrace Bay, (Kimberly-Clark of Canada Limit- ed) , OFIA vice-president; R.B. Loughlan, ; Toronto, OFIA manager (standing); G.A. Genge, Thorold, (The Ontario Paper Company Limited), I974 OFIA president; J.E. Bothwell, Sault Ste Marie, (Weyerhaeuser (Ontario) Limited), OFIA vice president; E.R. Caldwell, Ottawa (Consol- idated Bathurst Limited): M.J. Rouse, Montreal, (Domtar Woodlands Limited); W.F. McGarrity, Huntsville, (Weldwood of Canada Limited); T.S. Jones, Toronto (Anglo-Canadian Pulp and Paper § Mills Limited); W.R. Parks, Thunder Bay (Nor- 3 thern Wood Preserves Limited); L.H. Netherton, Timmins, (Texas Gulf Incorporated); A.C. Mc- = Nair, Pembroke, (Canada Veneers Limited); M.R. McKay, Thunder Bay, (Great Lakes Paper Co. Ltd)