UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13 G
Under the Securities and Exchange Act of 1934
(Amendment No. )*
Asia Pacific Resources Ltd.
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(Name of Issuer)
Common Shares
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(Title of Class of Securities)
04490210 J
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(CUSIP Number)
December 31, 1997
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(Date of Event which requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in prior cover page.
The information required in the remainder of this cover page
shall be deemed to be "filed" for the purpose of section 18 of
the Securities Exchange Act of 1934 ("the Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP No. 04490210 13G Page 2 of 4 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ONTARIO TEACHERS' PENSION PLAN BOARD
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
AN ONTARIO, CANADA CORPORATION
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5 SOLE VOTING POWER
2,879,100
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NUMBER OF 6 SHARED VOTING POWER
SHARES NIL Common Shares
BENEFICIALLY ------------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH 2,879,100
REPORTING ------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
NIL Common Shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,879,100
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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
6.0%
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12 TYPE OF REPORTING PERSON*
E.P.
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule to Ontario Teachers' Pension Plan Board 13G Filing
Re: Asia Pacific Resources Ltd.
Item 1: Issuer
(a) ISSUER: This statement relates to the issuer Asia Pacific
Resources Ltd. (the "Corporation").
(b) ADDRESS OF ISSUER: The principal executive offices of the
Corporation are located at Suite 615 - 800 West Pender Street
Vancouver, British Columbia V6C 2V6.
Item 2: Person Filing and Securities Statement Being Filed in Respect Of
(a) PERSON FILING: This statement is being filed by the Ontario
Teachers' Pension Plan Board (the "Board").
(b) ADDRESS: The business address of the Board is 5650 Yonge Street,
Suite 300, North York, Ontario, Canada, M2M 4H5.
(c) CITIZENSHIP: The Board is a corporation incorporated under the
laws of the Province of Ontario, Canada.
(d) TITLE OF CLASS OF SECURITIES: This statement relates to Common
Shares of the Corporation.
(e) CUSIP NUMBER: The shares are identified by CUSIP number 04490210 J.
Item 3: Authority Pursuant to which Statement Being Filed
The Board is filing this statement pursuant to the
"no-action" relief granted to it by the Office of Tender Offers,
Division of Corporation Finance of the United States Securities
and Exchange Commission and dated May 6, 1992.
Item 4: Ownership
(a) AMOUNT BENEFICIALLY OWNED: 2,879,100
(b) PERCENT OF CLASS: 6.0%
(c) NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
I. Sole power to vote or direct the vote: 2,879,100
II. shared power to vote or direct the vote: NIL
III. sole power to dispose or direct the disposition: 2,879,100
IV. shared power to dispose or to direct the disposition: NIL
<PAGE>
Item 5: Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that
as of the date hereof the reporting persons has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [_____]
Item 6: Ownership of More than Five Percent on Behalf of Another Person
Not Applicable.
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 best of my
knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of business and were
not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
February 12, 1998
/s/ Jane Beatty
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Jane Beatty,
Legal Counsel, Investments.
