P 0 Box 65
VCe ( I4t
For The Week Ending May 20th 1978
HUmM ARS O PUBLIC
The well-known Grenadian firm of Jonas Browne & Hubbard Ltd i% to
offer EC 2 million in shares to the public. The subscription
list opens on June 16th and close June 30th.
'his business started in Grenada about 1837 and, in 1915, was
turned into a private limited liability Company, A Hubbard & Co
Limited. By 1940, Sales n C0o0,000
profits in E$0p.0
control had passed to Profits n
the Browne family of
England who, in 1947, Sales
amalgamated it with a
13 -- _.. . .
firm, Jonas Browne & 12 ----- --.-
Saoa. The name of the
new Company which was i I
incorporated in England, I ---------
was Jonas Browne & |9 ;
In 1972, the &renada
business of Jonas Browne
&-Hubbard Ltd was sold b3
the Browne family to
Jonas -rowne & Hubbard
(Grenada) Ltd, the nw
shareholders being all
Grenadian. The Company I
now has an authorized
share capital of 600,000
shares of EC1.0 each, of
which 294,128 have been
fully paid up. The
7 --1... --I.- t-.
6 .. .. .. Af
I *t I | "iT
4J L. -__ --.. i ....
I j~ L ; i
1972:1973 197t1 i975.9976:-1977
public is to be offered 200,000 of thee F iemaBiT Bar'-r.E
The Prospectus, which was made oic today, shows that the
THE GRENADA NEWSLETTER Week Ending 20.5.78
Company made over half a million dollars last year after t '''-
deduction. *his was the highest profit figure since 1972
when the Company became Grenadian. "Because of heavy
commitments to our Banker and to the near disastrous effects
of the 1974 disturbances Profit
Sales After Tax
and its effects on trade
i993 EC$9,3A4,816 EC0290,976.
for that year and 1975", 1973 9,453,205 267,523
the Prospectus says, "it 1974 7,696,327 108,233
was not possible to pay 1975 8,452,960 163,107
1t976 10,283,195 313,834
any dividends for the 97 14,290,202 555,366
years 1972 to 1976." ---------
A dividend, however, was paid in 1977. Provision for this,
originally, at 10% (less tax), amounted to ECt157,344, but, aaya
the Prospectus, "since preparation of accounts to 30th September
1977, the rate of Company tax has changed. As a result, the
Company's profit after tax was reduced to EC$555,366 (it was
originally EC1610,559), and the net divident paid to E0;143,040.
During the late 1950s and until 1971, the Company undertook a
programme of expansion which included renovation of several
departments, relocation of the Administrative Offices,
establishment of a Motor Department and the opening of two
supermarkets, Of these two, one is located in the Company's
Grand Anse Shopping Centre which also houses several businesses
catering to the Tourist Trade.
Jonas Browne & hubbard Ltd operates 9 trading and service
departments (including Shipping & Insurance, Hardware, Lumber
and Commission Agency), spread over 10 buildings located around
the Carenage, St.Georges, and in the tourist development area
of Grand Anae. These freehold buildings were valued at
EC)4,944,210 in 1972 and, with subsequent additions at coat,
now appear in the Company's books at EC$5,030,501.
''he fixed assets of the Company are given as EC45,214067 at
30th September 1977, and the current assets (inventories etc)
as LC$5,145,268. Current liabilities amounted then to
a$44,777,407, and non-current liabilities, EC$1,326,766. Net
THE GRENADA NEWSLITTEK Week fading 20.5.78
assets of the Company were 1C$4,255,66a.
The shares now being offered will participate in any 1978
dividends, and Mr Fred Toppin, Mannling Director of the Company,
told NEWSLETTEB today (18th) that, while it is 'not possible to
give a firm undertaking as to the lenvl of future dividends, the
Company's Board of Directors intends to recommend distribution of
a significant part of the Company's profits as dividends to
"The Directors are of the view", he said, "that, barring the
unforeseen, there should be a further increase in the Company's
sales and profits in 1978."
SCHOOL) PELS TO 00 UP (?) U
School fees at Government-assisted secondary schools in Grenada
may go up by 66% in September. This is part of a plan to ease
the industrial unrest among teachers at these schools, and
parents may be faced with E0$50 a term fees instead of the
present Government-frozen rate of EC030.
Teachers at the W0 assisted schools have been on a "sick-out"
since May 4th in support of claims for salary increases. Teachers
at the Government -owned Grenada Boys Secondary School (GBSS)
received pay increases recently as a result of tradeunion
negotiations made on behalf of Government monthly-paid employees,
and teachers at the assisted schools are demanding that their pay
be made equal to that paid at GBSS.
The assisted schools are owned by the Christian Churches and the
School Boards have said that teachers salaries cannot be
increased unless Government allows an increase in school fees
(now frozen at 0EG30 per term) or gives a larger grant. In
1977, the grant to be divided among the schools was EC0500,000;
in 1978 it has been increased to EC$650,000. Spokesmen for
both the School Boards and the teachers have described the
increase as "inadequate".
THE GRENADA NEWSLETTER Week Ending 20.5.78
At a meeting with the School Boards on Tuesday (16th), Government
proposed that the teachers' salaries be equated with those at
GBSS, and that Government meet these increases from January tat
1978 to September 31st 1978. After September, assisted schools
would be allowed to increase school fees to EC$50 per term and the
School Boards would meet the teachers' increased salaries from
Concerning the Januwy to September payments, Government stipulated
that no payments in this connection would be made until July 31st.
Back-pay for 1977 was also discussed and it was proposed that
Government should pay part of this and the Boards a part. The
exact proportions were not disclosed. Back-pay for 1975/76,
the period from which GBSS teachers received increases, was not
The school Boards agreed to put these proposals to their staffs
and discussions were held yesterday at Presentation College
'and the two St.Joseph Convents. The proposals are regarded
as tentative and Government is meeting today (18th) with the
Boards to work out details. It is expected that the final
draft of the proposal will be presented by the Boards to their
teachers tomorrow, and a meeting of all teachers will consider
the matter tomorrow afternoon (19th).
There are reports that, if some of the points of Government's
proposal remain unchanged, it is unlikely to be accepted by
the teachers. The suggestion that payment of the 1978
increases be delayed until July 31st is particularly unacceptable.
"By that time, secondary schools will be on vacation", a
spokesman for the teachers told NEWVLETTER today (18th),
"and if Government does not keep its promise to pay, there
will be no possibility of taking Industrial action." The
spokesman said the teachers would not call off the sick-out
until they have actually received pay increases.
The teachers are unhappy alsotwith the proposal that school
fee be increased mad in this they h4a been supported by
THE GRENADA NEWSLETTER Week Ending 20.5.78
meetings of parents held throughout Grenada. It is understood
that a representative delegation of parents has asked to discuss
the matter with Government tomorrow (19th).
The situation is complicated by the fact that a teacher has been
dismissed from the St.Johns Christian Secondary Bshool. The
teachers regard the dismissal as.'victimisation' and, at a meeting
last Tuesday (16th) it was decided that industrial action will
continue until this teacher is reinstated.
The sick-out continues and two schools, St.Johns Christian
Secondary School and McDonald College, have closed.
ILLEGITIMACY OH THE INCREASE J
,Of every 100 children born in Grenada last year, 77 had unmarried
mothers. This statistic is published in the Annual Report of
the 'fenada Planned Parenthood Association --- ---- .
(PPA), and the Report shows a dramatic
increase in the illegitimacy rate from / '
69.06% in 1,976 to 77.09% in 1977. The PPA i i etia I
S\ \legltlma !I
Report says also that, in the 13 to 24 age- \I Rate19 /
group, there were 1643 mothers in 1977. 0 77.09 ,-
these, 1417 or 86% were unmarried.
In PPA's "Post Partum" service, (in which mothers are contacted
immediately after child-birth with a view to having them accept
family planning), a survey was made of 468 teenage mothers
between the ages of 14 and 19. That figure, 468, represents
59% of the total number of mothers in the 14 to 19 age-group last
year, and it was found that, of these, 68 had had their second
baby. Twenty-one had their 3rd and 11 their 4th or 5th.
"This is of great concern when one considers the effects on the
health of both mother and child with repeated pregnancies at such
an early age", says the Aeport, "and it also brings up the
question of who will provide for these children."
But, for the last two years, Grenada'j rate of natural increase
has dropped. After an unetlained lift from 20 per thousand in
THE GRENADA NBWSLETER Week Ending 20.5.78
1974 to 21.54 in 1975, 1976 and 1977 have shown falls tb 18.77
and 17.53 per thousand respectively.
Writing the introduction to the Report, Mra Marie-Josephine
McIntyre, PPA Secretary, says, "While Grenada remains the second
most densely populated 1229 1=27 I 1 21
Potterritn 106031 107779 109609 111184
territory in the
Live Births 2734 2890 2717 2628
Caribbean (after Birth Rate
Barbados), we are .i9Q( 26.24 27.42 25.98 25.29
St All Deaths 734 '19 753 806
pleased to note that
figures for 1977 show a Mortality
Rate per 1000
birth rate of 25.29 per Live Births 31.09 23.53 27.65 16.74
1000 population, a slow Net
1 popultn, Migration -2188 -523 -1154 -717
but steady decline from Rate of
the 30 per 1000 of 1970 Increase 20.00 21.54 18.77 17.53
Our concern is noted Illegitimacy
Rate 75.13 76.54 69.06 77.09
for the continuing ighource :- Registrar's Office, Grenada.
fertility rate in the
age group 15-24, while our total fertility is on the decline. We
observe with pride the low figure of infant mortality and view with
alarm the extraordinary increase in illegitimate births from 69.06*
in 1976 to 77.09% in 1977.
In 1976, 186 persons were sterilized and, in 1977, 166 others
accepted this form of birth control. Other methods used
include oral contraceptives, inter-uterine devices, injections
and condoms. Figures published by PPA show a drop in 1977 of
AnavIsyAs Of Active Accentors By Method 1"972-1977.
912 = 175 19Ii 1s95 1976 1927
QXla. 1781 2034 2289 2721 2581 2769
IrIT* 184 223 974 26. 310 362
Inxietions 319 551 6Y3 730 886 750
Condom 454 4770 5725 6703 6136 4222
Other Methods 347 572 750 649 694 759
i sterilization 186 166
Tota~ 3085 8150 9711 11066 10793 90181
1,765 "acceptors", below the 1976 figure of 10,793, but the Report
says this may not be correct.
"Since it is difficult to maintain accurate reports on the users
THE GRENADA NEWSLETTER vveeek ending 20.5.78
of condoms", the Report says, "it is difficult to judge if this
was really a drop or inaccurate record keeping."
PPA had a tota .expenditure of EC4251,489 in 1977. The figure
for 1976 was EC$159,300. The International planned Parenthood
Federation gave EC$139,123, Oxfam EC$56,005, and the Caribbean
Family Planning Affiliation ECBr1,,957. Membership
subscriptions amounted to EBC1,202 and fund raising efforts
Officers for the current term are Dr B A Rapier, President,
Dr Michael Radix, 1st Vice-President, Mr William Dunn, 2nd Vice-
President and irs Marie-Josephine McIntyre, Secretary/Treasurer.
MARIE-JO MCINTYRE REELECTED PRESIDENT GPA
Mrs Marie-Josephine McIntyre has been reelected President of the
Caribbean Family Planning Affiliation (CPPA) for the second
consecutive two-year term. Her election took place at a
meeting of CFPA in Barbados on May 9th.
In an exclusive interview with NLWSBLTTER today (18th), Mrs
Mclntrye said her organisation provides smaller Caribbean
territories with representation in the International Planned
Parenthood Federation (IPPF). Membership of IPPF was gained
in 1974 and the drive of CFPA is to strengthen small country
programmes by activities and strategies undertaken on a regional
Mr McItyre thinks that, in an era of-t.r etoini g.bt C hbboon
fragmentation, the success of CFPA cannot be viewed with
complacency. "First class public relations promotion was the
basis of its establishment", she said, "and its success must be
assured by more advised representation and frequent consultation
to ensure that our regional programming is devised for the
benefit of a total membership."
Fifteen countries belong to CFPA. These are Antigua, Aruba,
Curacao, Dominica, renada, Guadeloupe, Guyana, Martiniqe,
Montserrat, St.Kitts-Nevis-Anguilla, St.Lucia, St Maarten,
THE OGERADA NEWSLETTER Week Ending 20.5.78
St.Vincent, Surinam and the US Virgin Islands. Together they
constitute an estimated population of 2r million with a growth
rate of approximately 2ys per year.
The meeting in Barbados broke new ground in that, for the first
time, a CPPA Secretariat was established. Its office is
located temporarily in Grenada, and Mrs McIntyre said permanent
arrangements will have to be made in due course. First Vice-
President is Dr Sergio Leon (Curacao), and 2nd Vice-President is
Mr Jean Pierre Guengant (Guadeloupe). Other members of the
Management Committee are Dr C Zaandam (Aruba), Dr E 0 Jacobs and
Mr Don Mitchell (St.Kitte-Nevie-Anguilla) and Mrs R Ashruf
DISABMMDIn DELh..YS TERMING y
A disagreement has delayed construction of a new air-terminal
building at Grenada's pearls Airport. Informed sources told
NEWdLLTTBE today (18th) that construction should have started
more than a year ago, but a difference of opinion between the
Canadian and Grenadian Governments has not been resolved.
Following negotiations in 1976, the Canadian International
Development Agency, an agency of the Canadian Government, agreed
to give the Grenada Government CB41,870,000 for the construction
of a new terminal building at Pearls. W H Crandall &
Associates (Management) Ltd of Monoton, New Brunswick,
Consulting Engineers, were appointed by the Canadian Government
to represent their interests, and tenders were invited for the
When tenders closed on 13th December 1976, five had been
received. These were from
D Malins-Smith EC1 ,141,916
L Hobson 1,192,996
Building Centre Ltd 1,194,222
Keens-Douglee Ltd 1,209,076
J Sampson & Associates 1,329,371
Crandall & Associates advised Mr Malins-Smith that his tender
was successful and that preparations were being made to have
THE GRENADA NEWBLLTTER Week Tending 20.5.78
the contract signed.
On January 10th, however, Crandall & Associates cabled Mr Malinas
3mith to stop preparations for construction. The contract was
not presented for signature and a letter from Crandall &
Associates on February 22nd told Mr Malina-Smith that the project
was. probably cancelled.
"It appears at thia time that this particular project probably
will not proceed", the letter said, "the governments of urenada
and Canada have been discussing the situation and as yet have
failed to fench an agreement."
The nature of the inter-government disagreement has never been
made public and the Grenada Budget for 1978 indicates that it
remains unresolved. The Canadian International Development
Agency is listed as granting over EC$4 million to Grenada, but
this sum does not include an amount for the Pearls terminal
CLANCY NOT CONTROINQG PFkEPORT LTD
Fugitive-from-justice Eugene Zeek, alias John Clancy, appears to
have lost control of Grenada Ireeport Ltd, the Company he started
here in October 1975.
An auction sale advertised to be held at Grenada Freeport Ltd on
May 16th did not take place. When NEWSLTTER visited the
Company's premises on that day, there were very few people
present and goods were being offered at reduced prices. In
charge was former Senator Ashton Frame who was asked by ihWSLETTER
whether he was an agent of Mr Clancy.
"I am not acting on behalf of Clancy", he said, "and I am not
prepared to say whom I represent." Mr Frame said he had
decided on the day before (15th) to call off the auction, but he
would make no further comment.
Until it closed down in June last year, The Grenadian Company,
operators of an international lottery, employed Mr Frame as ita
THE GRENADA NEWaLEITER Week Ending 20.5.78
public relations officer. He was subsequently employed at
Grenada Freeport Ltd, but his position with the Company is not
Mr George Rullow, the auctioneer, told NEWSLETTER today (18th)
that he had been instructed by Mr Frame on behalf of Preeport
Ltd to hold the auction on the 16th. "What has happened
now is not a cancellation but a postponement", he said, "and I
expect the auction will take place in due course." Mr Rullow
said he did not know why the auction was postponed.
Eugene Zeek (John Clancy) has been resident in 6renada since
1974. He is alleged to have embezzled over U8$1 million
and a United States Federal Warrant was issued for him on January
14th 1974. He is wanted by the FBI on a charge of "Fraud
by Wire". The warrant says 2eek was born on April 10th 1930
and that a portion of his right little finger is missing.
Caution is advised. "Zeek reportedly carries a .38 calibre
Smith and Wesson Model 36 pistol at all times", the warrant
srya, "consider armed and dangerous."
CRUISh LINER CALLS
Cruise liner calls at Grenada until the week ending May 13th
are as follows :-
DA S2h= Passengers Week Endina
25th April "veendam" 634 )
"Cunard Countess" ~ 763 ) 29.4.78
2nd May "Cunard Countess" 558 ) "
*.th "Britannis" 0 1049 ) 6.5.78
9th May "Cunard Countess" ) 418 ) 13.5.78 q I
No bananas were shipped from Grenada this week. An official
of Geest Industries Ltd told NWSLAtTThR that, because of
increased production in the Windward Islands, it has become
necessary to by-pass one port each week. St.Vincent shipped
no bananas last week and this week was Grenada's turn to be
by-passed. The official said this arrangement would
THE GRLNADA NlUjaLTTER Week ~Ending 20.5.78
not result in loss to the pipoduoers. It Was exported that 4xtra
ships Would be chartered to take the increased production.
'be following boxing plant weights and prices paid by Geest
Industries Ltd complete statistics up to the shipment of 24.4.78.
("Geestland") for boxing plant weight, and up to shipment of
9.5.78. ("Geesttide") for Geest payments.
Boat/Date Boxina Plant eight eet Price
5.-1.78 673,928 Ibs Bven previously
10.1.78 756,872 do.
16.1.78 701,519 do.
24.1.78 86s,680 do.
30.1.78 817,940 do.
8.2.78 618,643 do.
14.2.78 885,907 do.
21.2.78 Given previously ECO 26.526
29.3.78 648,402 Given Previously
6.4.78 1,030,113 do.
11.4.78 636,402 do.
17.4.78 776,201 do.
24.4.78 752,086 do.
..5.78 Not Available 30.674
9.5.78 Not Available 30.321
7/ ,riru if N Pd,;1,
LATE NEWS '.:
'he sick-out at Government-assisted secondary schools may
continue next week because there has been a delay in getting
proposals to a meeting of teachers scheduled for this afternoon
Yesterday (18th), Minister of Finance George Hosten and Minister
of Education Dr 4ellington Friday discussed with the School Boards
pro malf *T- giving salary increases to assisted schools.
THE G. ADA N~EWSL1TER Week LEding 20.5.78
It is reported that the proposals, aa. st out is theU ruS tr
on page 3 of this issue, were modified. Inetead of increases
being paid for the first time on July 31st, they would be paid
on May 31st. Back-pay from January to April 1978, however,
would not be paid until July 3set.
Yesterday's meeting of Government with the Boards is said to have
come to no decision on back-pay for 1977, and it is believed
that it was agreed that the teachers should be asked to call off
the industrial action while this is decided.
These proposals were due to have been put before the teachers
by the School Boards today and teachers were to meet this
afternoon to discuss them. However, Cabinet is discussing
today what Mr Aosten and Dr -riday agreed with the Boards
yesterday, and nothing can be done until Cabinet's approval is
obtaineded The teachers' meeting has been postponed until
r'onday 22en May.
Reaction among teachers to the reported proposals is said to
19th May 1978