SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

Catalyst Paper Corporation

(Name of Issuer)

Common Shares

(Title of Class and Securities)

14888T104

(CUSIP Number of Class of Securities)

Third Avenue Management LLC
Attn: Mr. David Barse
622 Third Avenue, 32nd Floor
New York, NY 10017
(212) 888-2290

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

December 10, 2007

(Date of Event which Requires

Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Sections 240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the following box:

* 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 disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“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).

CUSIP No.		14888T104	13D

Note: All shares identified above are the Company’s common shares, and the percentage in Row 13 above relates to such common shares.

Explanatory Note

     This Amendment No. 4 amends and supplements the Schedule 13D filed on July 28, 2006 by Third Avenue Management LLC (“TAM”), as amended by Amendment No. 1 to the Schedule 13D filed on August 15, 2006 by TAM, Amendment No. 2 to the Schedule 13D filed on October 27, 2006 by TAM and Amendment No. 3 (“Amendment No. 3”) to the Schedule 13D filed on November 14, 2007 by TAM (the “Statement”) relating to the common shares of (“Common Shares”) of Catalyst Paper Corporation, a Canada corporation (the “Company”).

     This Amendment No. 4 amends the Statement to reflect the material acquisition of beneficial ownership of securities and the material increase in the percentage of the Common Shares beneficially owned by certain investment advisory clients of TAM.

     Unless otherwise indicated, all capitalized terms used herein shall have the meanings given to them in the Statement, and unless amended or supplemented hereby, all information previously filed remains in effect.

Item 3. Source and Amount of Funds or Other Consideration

Item 3 of the Statement is hereby amended in its entirety to be replaced by the following:

     TAM is a registered investment adviser that acts as direct adviser to certain investment companies and other funds, as a sub-adviser to certain other institutions, and as an adviser to separately managed accounts. This Amendment No. 4 relates to the purchase of an aggregate of 3,173,800 common shares from November 16, 2007 through the date of the Statement, at the prices indicated in Item 5 hereto, by various separately managed accounts for which TAM acts as investment advisor. These separately managed accounts have used working capital to purchase these common shares.

     Overall, certain portfolios of these funds have used working capital to purchase Common Shares upon the orders of TAM acting as adviser or sub-adviser. Advised funds: Third Avenue International Value Fund, an investment company registered under the Investment Company Act of 1940, has expended $114,161,857.49 to acquire 40,080,245 Common Shares; Third Avenue Small Cap Value Fund, an investment company registered under the Investment Company Act of 1940, has expended $36,007,694.59 to acquire 12,107,879 Common Shares; Third Avenue Variable Series Trust, an investment company registered under the Investment Company Act of 1940, has expended $3,086,374.62 to acquire 1,037,818 Common Shares; and various separately managed accounts for which TAM acts as investment adviser have expended a total of $71,635,474.02 to acquire 26,750,936 Common Shares.

Item 4. Purpose of Transaction

Item 4 of the Statement is hereby amended to add the following information:
 

     Pursuant to instructions from various investment advisory clients of TAM to acquire Common Shares, an aggregate of 3,173,800 Common Shares were acquired on behalf of those investment advisory clients representing approximately 1.48% of the issued and outstanding Common Shares. After giving effect to such purchases of Common Shares, TAM continues to exercise control or direction over 79,976,878 Common Shares as investment adviser to other investment advisory clients. TAM is currently entitled to vote 74,975,730 of such Common Shares.

     Subject to compliance with applicable securities laws, TAM may, in the future on behalf of its client accounts, acquire control or direction over additional Common Shares, sell Common Shares or cease to exercise control or direction over Common Shares.

     TAM has no present plans or proposals which relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer

Item 5 of the Statement is hereby amended in its entirety to be replaced by the following:

(a-b) The aggregate number and percentage of Common Shares to which this Schedule 13D relates is 79,976,878 Common Shares, constituting approximately 37.25% of the 214,684,100 Common Shares outstanding as of December 14, 2007.

A. Third Avenue International Value Fund

(a) Amount beneficially owned: 40,080,245 Common Shares.

(b) Percent of class: 18.67%

(c) Number of Common Shares as to which TAM has:

(i) Sole power to vote or direct the vote: 40,080,245

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or direct the disposition: 40,080,245

(iv) Shared power to dispose or direct the disposition: 0

B. Third Avenue Management Separately Managed Accounts

(a) Amount beneficially owned: 26,750,936 Common Shares.

(b) Percent of class: 12.46 %

(c) Number of Common Shares as to which TAM has:

(i) Sole power to vote or direct the vote: 21,749,788

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or direct the disposition: 26,750,936

(iv) Shared power to dispose or direct the disposition: 0

C. Third Avenue Small-Cap Value Fund

(a) Amount beneficially owned: 12,107,879 Common Shares.

(b) Percent of class: 5.64 %

(c) Number of Common Shares as to which TAM has:

(i) Sole power to vote or direct the vote: 12,107,879

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or direct the disposition: 12,107,879

(iv) Shared power to dispose or direct the disposition: 0

D. Third Avenue Variable Series Trust

(a) Amount beneficially owned: 1,037,818 Common Shares.

(b) Percent of class: 0.48 %

(c) Number of Common Shares as to which TAM has:

(i) Sole power to vote or direct the vote: 1,037,818

(ii) Shared power to vote or direct the vote: 0

(iii) Sole power to dispose or direct the disposition: 1,037,818

(iv) Shared power to dispose or direct the disposition: 0

(c) TAM has effected the following transactions in the Common Shares since the filing of Amendment No. 3:

Amount of

Price per

Common Shares

Common

Transaction Effected By:

Date of Transaction

Involved

Share

Where and How Effected

Separately Managed Account

11/16/07

143,300

$

1.42

Sold on open market

Separately Managed Account

12/10/07

1,201,200

$

1.58

Purchased on open market

Separately Managed Account

12/10/07

1,050,400

$

1.59

Purchased on open market

Separately Managed Account

12/11/07

13,900

$

1.66

Purchased on open market

Separately Managed Account

12/11/07

258,800

$

1.67

Purchased on open market

Amount of

Price per

Common Shares

Common

Transaction Effected By:

Date of Transaction

Involved

Share

Where and How Effected

Separately Managed Account

12/12/07

250,000

$

1.71

Purchased on open market

Separately Managed Account

12/12/07

399,500

$

1.73

Purchased on open market

(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such Common Shares other than the funds and accounts identified above.

(e) Not applicable.

Item 7. Material to be Filed as an Exhibit

     None.

 SIGNATURES

  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.   Dated: December 19, 2007