Exhibit 10.5    March 26, 2004  TO :The Bank of Nova Scotia,. As Agent and to each Lender under the Credit
Agreement referred to below  Re:Request for amendment  Interest Coverage Ratio  Dear Sirs:  Reference is made to the Credit
Agreement dated as of February 5, 2003 among Cascades Inc., Cascades Boxboard
Group Inc., Cascades SPG Holding Inc., Cascades Boxboard U.S. Inc., Cascades
G.P.S. S.A., Cascades S.A., and Cascades Arnsberg GmbH, as Borrowers, The Bank
of Nova Scotia, as Agent and the Lenders from time to time party thereto (such
agreement, as amended by a first amending agreement dated
March 31, 2003 and two letters of agreement dated December 17,
2003 and January 22, 2004, respectively, and as same may be further amended,
supplemented or restated from time to time, is hereinafter referred to as the Credit Agreement).  We hereby request that Section
14.2 of the Credit Agreement be replaced, as of and from March 31, 2004, with
the following Section:  14.2 Interest
Coverage Ratio  Cascades must maintain at all times, on an adjusted consolidated basis,
an Interest Coverage Ratio of not less than:  -   2.00 : 1 until March 31, 2004;  -   1.75 : 1 from April 1, 2004 to September 30,
2004;  -   2.00 : 1 from October 1, 2004 to December
31, 2004;  -   2.25 : 1 from January 1, 2005 to March 31,
2005;  -   2.50 : 1 thereafter.


At our annual
review meeting to be held on April 8, 2004, we intend to discuss further
our projections for 2004 and their impact on our Interest Coverage Ratio.  Upon execution of this
Agreement, Cascades shall pay to the Agent an amendment fee of 5 basis
points calculated on the aggregate of the total Commitments of the Lenders who
shall have consented in writing to this Agreement on or before 12:00 noon April
22, 2004 (such fee to be distributed so such Lenders pro rata to their total
Commitments).  Please indicate your consent to
this amendment by signing in the space below, and kindly return same to the
Agent by 12:00 noon, April 22, 2004. 
Please send your response to the attention of Kim Snyder by fax at (416)
866-3329.  Upon receipt of the consent of
the Majority Lenders, this amendment will be effective as of and from March 31,
2004.  Yours very truly,  CASCADES INC. CASCADES SPG HOLDING INC. CASCADES G.P.S. S.A. CASCADES ARNSBERG GmbH   Per:
  (s)
  André BelzileAndré BelzileVice-President and
  Chief FinancialOfficer  (Form of
consent on the following pages)  2


WE
AGREE TO THE ABOVE  THE BANK OF NOVA SCOTIA, as
  Lender
  
  NATIONAL
  BANK OF CANADA, as
  LenderPer:
  (s) David Angel
  
  Per:
  (s) Yvon LaplanteDirector
  
  
  Vice President
  and ManagerPer:
  (s) Jeffrey
  ForgachAssistant Vice
  President   CANADIAN IMPERIAL BANK OF
  COMMERCE, as
  Lender
  
  CIBC
  INC., as designated LenderPer:
  (s)  Scott Curtis
  
  Per:
  (s) Geraldine
  KerrExecutive Director
  
  
  ExecutiveDirector   CITIBANK, N.A. Canadian Branch,
  as Lender
  
  CITICORP
  NORTH AMERICA, INC.,
  as designated LenderPer:
  (s) Isabelle
  Côté
  
  Per:
  (s)  Daniel J. BrillManaging
  Director   BNP PARIBAS (CANADA), as Lender
  
  BNP
  PARIBAS, as designated LenderPer:
  (s) Frank L. Shaw
  
  Per:
  (s) Frank L. ShawPer:
  (s) Edouard
  Sinor
  
  Per:
  (s) Edouard
  Sinor   COMERICA BANK, as Lender
  
  SOCIÉTÉ
  GÉNÉRALE (CANADA), as LenderPer:
  (s) Monica Lewis
  
  Per:
  (s) David Daldoni(s) Cynthia Hansen  3


SOCIÉTÉ GÉNÉRALE, as designated
  Lender
  
  BANK OF
  MONTREAL, as LenderPer:
  (s) Maria Jackiccio
  
  Per:
  (s) Bruno JarryVice President
  
  
  Director   CAISSE CENTRALE DESJARDINS,
  as Lender
  
  THE
  TORONTO-DOMINION BANK,
  as LenderPer:
  (s)
  Pierre Tremblay
  
  Per:
  (s) Yves BergeronPer:
  (s) Francine Champoux   TORONTO-DOMINION (TEXAS)
  INC., as
  designated LenderPer:
  (s) Jill HallVice President  4