P oBox 65
(TItA GERkADA 0NEW1E T'R
For The Week Ending Auguat 28th 1976
THE GREAMDIAN C0GPAiY TICR"E aS SEARE CAPITAL
Information filed in the Registrar's Office of the supreme Court of
Trenada indicate that there have been developm ate in the etruoture
of The Grenadian Company Ltd, an organisation which, earlier thin
year, was granted by the Government of Grenada a licence under a 99
year franchise to operate au international lottery based in Grenada.
Originally, the Directors of this Company were registered as Mr toseph
K Newman, described as a Company Director of 745 Pifth Avenue, New
York, and Mrs Berly Date and dra Margaret Williams, two employees of
the Grenadian law firm of Messrs Henry, Henry a Bristol, the Conpany's
According to information filed at the Registry, Date and Williams
resigned as Directors and Shareholders on April 22nd, while Newman't
letter of resignation of June 12th wasee read and accepted at a meeting
of the Company held on June 14th.
The Company is now in the hands of Mr Robert b Hunt, a United States
citizen who is Managing Director, abd whose adareas is given an
L'ance aux Epines, St.Georges, Grenada. Ann Marie Hunt, also a
citizen and of the same address as Robert E Hunt, is listed as a
Director as is t m.r Maohado, a citizen of Guatemala whose address it.
given as Guatemala City, Guatemala. The two Hunts and Macharo
were all appointed at a meeting on April 22nd.
At an Extraordinary General Meeting of the Company held on 19th July
and 6th August, it was decided to increase the share capital from one
nMalion to 10 million East Caribbean Dollars, each share being worth
EC4l00.00. Of this share capital, 1,000 fully paid up shares
have been issued, of which the records at the Registry state that
999 are held by the Managing Director, Mr Bunt, and the remaining
one share by Director Ann Uarie Hunt.
There would, however, appear to be some discrepancy relative to the
number of shares recorded as hating been issued. Between Robert
Hunt (999) and Ann Marie Hunt (1), the 1,000 shares registered as
having been issued are accounted for, but, in addition, two more
THE GRENADA NEWWETTER Week Leading 2L.8.76
shares are recorded as issued. One of these two shares is held
by Sir David Wilson, Bt. of Simmons & Simmona, solicitors, London,
UK, and the other by Mr Elliot Barnett of Ruden, Barnett & Sohuaster,
Attorneys at Law, Florida, U U A. It is stated.in the records
that these two shares were originally held by teryl Date and
The shares in the name of the Hunts are held by them for "the
Grenadian Trust, a Trust organised and existing under the laws of
the State of Florida in the USA", and, under the Aliens (Land Holding
Regulations) Ordinance, the Cabinet Secretary, Mr Godwin Brathwalte,
has issued a licence to the arenadian Trust "to hold as beneficiary
thereof, 1,000 shares of the value of 3C$100,000.O0 of and in The
Grenadian Company Ltd ..... of which 999 are registered in the
name of Robert E Hunt and I in the name of Ann Marie Hunt."
According to decisions of the Company recorded at the Regiatry,
the Directora of The Grenadian Company have authorized the non-
secured borrowing from the original investors of up to 3.5 million
United States dollars at a rate of interest of 7%, with the provision
that the Company will not be required to repay any more than one
half million US dollars per annum.
BANK MANAGER "DISAPPEARS"
Mystery surrounds the disappearance from Grenada of Mr Preiderich
Jaeger, German-born manager of the First National City Bank & Trust
Company which opened in St.Georges on May 28th last.
At the opening ceremony, Prime Minister Gairy announced that this
Bank would "establish Grenada as the Switzerland of the Caribbeen",
bit, on August 10th, an announcement on Radio Grenada stated that
"the operations of the First Rational City Bank & Trust Co Ltd, a
Bank incorporated in Grenada, were closed down with effect from today".
The announcement said further that "the Manager of the Bank has
been detained by the police for questioning in connection with
certain transactions of the Bank." It is understood that
Mr Jaeger was arrested on AUgust 10th at Pearls Airport where he
was about to board a plane, but, after being detained and questioned
THE GRENADA NA48LETTER Week Rfbding 28.8.76
for some 24 hours, he was released without any charges being laid.
However, a 24-hour Police guard was mounted at Mr Jaeger's -
residence at L'ance aux Epines on the itland'a south coast.
On Wednesday August 19th, Mr Jaeger disappeared. A reliable
source advised NLWSLETTER that the Police guard on the residence
was changed, as usual, early that morning and that the maid arrived,
am usual, about 8.30am. Mr Jaeger was not seen but wee presumed
to be in his room. Towards mid-day, however, the maid became
concerned and suggested to the three policemen on duty that they
should look into Mr Jaeger's bedroom.
Thin suggestion was accepted and it was then found that Mr Jaeger
had gone, taking with him all his clothes and personal belongings,
The back of the house in which he resided faces a beach and it is
believed he used this route for his exit from Grenada.
The Government of Grenada subsequently announced that Mr Jaeger
was "released", but a report appearing in the Grenada "Torchlight"
-hewpaper of August 22nd states that a telephone call received by
friends of the Bank Manager in Grenada advised that he "is safe and
sound outside Grenada's territorial jurisdiction."
RADIO GRENADA S8001D
In a Page 1 editorial in its issue of Wednesday August 25th, the
Grenada "Torchlight" newspaper replied to what it called "the
scurrilous attack" made by Radio Grenada on Friday 20th against the
"Torchlight" and certain representatives of the media in Grenada.
In its "attack", Radio Grenada condemned the "Torchlight" and these
media representatives for being absent from a function hosted by the
Political Leader of the Grenada United Labour Party, Mr Eric Gairy,
and the Station singled out the "Torchlight" as being "too bent
on projecting the negative."
The editorial said the paper was reluctant to reply to criticism
against it by "other sections of the media and by members of the
fraternity of journalista, but felt that "failure to do so way be
Interpreted as cowardice."
THE GRENADA D EWSLETTIM Week b ding 28.8.76
"A few important incidents may not be here out of plac.", said the
editorial, "and readers will reason why reporters were absent. Wel9-
known journsist, Alister Hughes, was covering a public function, to
wit, Mr Gairy's return from one of his several trips abroad, when he
was mauled by Party supporters. Leslie Soon was at the Grenville
Market Square to cover a GULP political meeting to which the public
was invited. He escaped with several cuffa and kicks with the
help of a friend. York Marrynhow was beaten on the Esplanade
because he dared to write a news-story about the Mongoose Gang.*
"Yes", continued the editorial, "all these journalists were p torming
their allowed tasks, covering public functions in public places."
The "Torohlight" editorial said it had been learned that Mr Gair
had hosted a "private" porty for "old folk", and the paper had not
been Invited. "It was, from our understanding," said the editorial,
"a private get-together. Bearing in mind the treatment mated out
to some of our colleagues in public meetings heretofore, the
",orchlight" would have been foolhardy to 'gate crash* suah a party.
We would have been hopelessly stupid to trespass on the gentleman's
private preserves. Let it be clearly understood that this paper
will not expose Its reporters to the risk of returning to office
with their right hand amputated."
NEW JEWEL SIfARY ARRESTED
Mr Unison Whiteman, one of the two Joint Co-ordinating Secretaries
of the New Jewel Movement, was arrested on Friday August 20th for
"distributing illegal newspapers". Another man, Mr Anthony
Mitchell, was arrested at the same time for "obstructing the Police
in the execution of their duties" in connection with the same incident.
Both Mr Whiteman and Ar Mitchell were released on ball and appeared
at the St.Davids Magistrate's Court on Monday 23rd to find that no
charges had been filed against them. Informed sources state that,
if the Police intend to proceed, charges will have to be filed and
the Court will then summon the men to appear.
Barrister-at-Law Maurice Bishop, the other Joint Co-ordinating
Secretary of the New Jewel Movement, and Council for Whiteman, said
THE GRENADA NEWSLETTER Week ending 28.8.76
he "found it a little odd, to say the least, that the Polioo, if
Indeed they were in poseaslon of Illegal newspapers 3iesed from
Whiteman, should experience any difficulty in presenting, far less
filing a case against him." Mr Bishop thought the whole action
was en attempt by Government "to step up its harassment and
perseoution of members of the New Jewel Movement."
A3fORNY GENERMAL'aS PiAN U1MAfli
After a persistent searoh by MLWSLATTER last week-end by telephone
through contacts in Trinidad, Attorney General Deamond Christian was .
found registered as a guest at the Parillon Hotel on Queens Pork
East in Trinidad.
iar Christian (who was deported from Grenada on August 3rd), confirmed
that he had received a cable from UrenaAa's Cabinet Secretary,
Mr Godwin Brathwaite, that "the doors of Grenada are again open"
to him, but Mr Christian said he did not consider this suffioLent.
"After the humiliating treatment to which I was sub;eoted at the
airport", he said, "something more than a cable of that nature is
On Wednesday of this week (25th), NEWU&ETS again made contact
with Mr Christian by telephone and asked what WiA, las .care. In
the previous phone interview, the Attorney General had said he was
suffering from influenza, and, on Wednesday, he saad he had
recovered "more or leave But, he was still unable to cay
what his next move would be. "I have not fully made up ay plan
yet", he said, "but within a shabort while I expect that developments
will take place.
During the week ending August 21st, oruise liners calling at "renada
were the "Cunerd Copnteees on the 17th with 823 passengers, the
"Anerikanis" on the 18th with 603 passengers and the WSun Viking"
on the 20th with 795 passengers. The *Cunard Countess" was built
in Copenhagen, launched last year and fitted out in Italy. She was
on her maiden voyage when she called at Grenada last week.
THE GRENADA NIEWLETTER Week Ending 28.8.76
NEARLY 2 MILLION TONS OF SHIPPING IN 197
According to figures extracted by NLWSLETTER from the reoorr; of Lloyds
Agents at Grenada, nearly 2 million net tons of shipping called at the
island during the year 1975. Of this figure, ships flying the flag of
the United Kingdom accounted for over half a million tons, Greek ships
being second with just under half a million tons. The following tables
show the reglatry of ships calling, the tonnage per flag and the number
of calls made. The tables also show tonnage and calls on a monthly
basis. In connection with this latter table, the higher tonnage at year
end and January to March reflect cruise liner oalls during the "winter"
Flag Tonnage Clla :i: Moant% Jonrigj 2lp
U.K. 571,198 94 ::: January 191,99. 32
Greek 473,8533 41 !: February 232,563 31
Norway 390,556 34 ::: March 396,327 33
Liberia 87,834 20 ;.! April 199,381 29
Netherlands ::: May 114,784 21
Antilles 67,854 10 ::: J;nA, 47,157 15
Panama 65,203 9 :t: July 109,054 22
Holland 39,203 17 ::: August 72,741 18
west Germany 35,396 10 ::: September 83,920 17
Trinidad 34,219 22 ::" october 81,507 19
U S A 30,640 10 :: November 126,710 23
Italy 28,657 3 ::: December 234,278 38
Yugoslavia 28,136 10 : 1,890,15 29
U S R 2,O62 R4
u&nrovia 7,550 1 :::
Cyprus 3,301 1 ::
Barbados 2773 12 :::
1,890,415 298 :::
On August 24th, the "Geestaar" loaded 23,222 boxes of bananas weighing
713,077 lbs and valued at EC$78,338.00. There were 82 boxes of rejected
fruit. -0-0-0-0-0-0- ( words)
8OROPTIaISTS 'SEARCH FOR QUALITY'
In an exclusive interview with NEWSLETTER, dise Lorna Rigaby, newly
elected President of the Caribbean Area Council of Soroptimiats
International, said Caribbean Soroptimista would actively pane the
current four-year theme of the world body of Soroptimists which is
"Search for Quality".
Miss Rigsby, who is of the Trinidad & Tobago Club, was speaking after the
conclusion of the three-day Caribbean Area Council meeting which concluded
in Grenada on monday 23rd, and she gave pointers as to how the "search for
quality" will be conducted.
"This aesrch", she said "can be translated into a search for improvement
of the quality of life for the people with whom we oome in contact." As
an instance of this, the President said that in Trinidad & Tobago there
is a need for more accommodation for "senior citizens". "oome aocomodatio
of this nature already exists", she said "but it needs to be expanded.
Also, it is localised and needs to be extended to other areas."
MisB Rigeby disclosed that Barbados Soroptimists will also be concerned
with accomodation for "senior citizens", and the plan in that island ia
to establish a village for these retired folk. The Grenada Soroptimists
will continue their work among the deaf and in Jamaica, there is a
special projest in day-care centres for children.
Soroptimist activities in the region are now confined to Jamaica, Grenada,
Barbadoa and Trinidad but Msta Rigsby said there were active plans for
l.sas La Woodstock of the Jamaica Soroptimist Club is President-elect
for the 1977/78 term.
27+th August 391 rt.Z