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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
CAMBIOR INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
13201L10
(CUSIP Number)
Check the following box if a fee is being paid with this statement |X|.
Page 1 of 7 Pages
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SCHEDULE 13G
CUSIP No. 13201L10 Page 2 of 7 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
T.A.L. Investment Counsel Ltd.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
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5) SOLE VOTING POWER
NUMBER 4,621,925 shares of Common Stock
OF -----------------------------------------------------
SHARES 6) SHARED VOTING POWER
BENEFICIALLY Not applicable
OWNED BY -----------------------------------------------------
REPORTING 7) SOLE DISPOSITIVE POWER
PERSON 5,077,175 shares of Common Stock
WITH -----------------------------------------------------
8) SHARED DISPOSITIVE POWER
Not applicable
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,133,200 shares of Common Stock
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10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9} EXCLUDES CERTAIN
SHARES |_|
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.53%
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12) TYPE OF REPORTING PERSON
IA
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Schedule 13G
ITEM 1(A). NAME OF ISSUER:
Cambior Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1075 3rd Avenue East, P.O. Box 9999, Val d'Or, Quebec J9P 6M1
ITEM 2(A). NAME OF PERSON FILING:
T.A.L. Investment Counsel Ltd.
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The principal business office is 1000 de la Gauchetiere West,
Suite 3100, Montreal, Quebec, Canada H3B 4W5
ITEM 2(C). CITIZENSHIP:
Canada
ITEM 2(D). TITLE OF CLASS OF SBCURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
13201L10
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-l(b),
OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
(e) |X| Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 5,133,200 shares of Common
Stock
(b) percent of class: 8.53%
(c) Number of shares as to which such person has:
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(i) Sole power to vote or to direct the vote: 4,621,925
shares of Common Stock
(ii) Shared power to vote or to direct the vote: Not
applicable
(iii) Sole power to dispose or to direct the disposition of:
5,077,175 shares of Common Stock
(iv) Shared power to dispose or to direct the disposition
of: Not applicable
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTNBR PERSON.
Various persons have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of,
the common stock of Cambior Inc. No one person's interest in the
common stock of Cambior Inc is more than five percent of the
total outstanding common stock.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable
ITEM 10. CERTIFICATION.
By signing below I certify that, to the beat of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or influencing
the control of the issuer of such securities and were not
acquired in connection with or as a participant in any
transaction having such purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Schedule 13G in connection with
T.A.L. Investment Counsel Ltd.'s beneficial ownership of the common stock of
Cambior Inc. at December 31, 1996 is true, complete and correct.
Date: February 13, 1997
T.A.L. INVESTMENT COUNSEL LTD.
/s/ Assunta Di Lorenzo
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By: Assunta Di Lorenzo
Legal Counsel and
Corporate Secretary
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