The Grenada newsletter

MISSING IMAGE

Material Information

Title:
The Grenada newsletter
Physical Description:
v. : ill. ; 36 cm.
Language:
English
Publisher:
A. & C. Hughes
Place of Publication:
St. George's, Grenada, West Indies
Publication Date:
Frequency:
twenty no. a year
semimonthly
completely irregular

Subjects

Subjects / Keywords:
Periodicals -- Grenada   ( lcsh )
Politics and government -- Periodicals -- Grenada   ( lcsh )
Economic conditions -- Periodicals -- Grenada   ( lcsh )
Social conditions -- Periodicals -- Grenada   ( lcsh )
Genre:
newspaper   ( marcgt )
newspaper   ( sobekcm )
Spatial Coverage:
Grenada

Notes

Dates or Sequential Designation:
Began in 1973.
General Note:
Description based on surrogate of: Vol. 11, no. 1 (Jan. 22, 1983); title from caption.

Record Information

Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 24157414
lccn - sn 91021217
Classification:
lcc - F2056.A2 G74
System ID:
AA00000053:00182


This item is only available as the following downloads:


Full Text





THE GRENADA NEWSL TER
Volume 6 Number 31
For The Week Ending December da4 1978
6th Year of Publication - - 195th Issue
Produced & Printed by AlLster & Cynthia Hughes
P 0 Box 65. St.Georges, Grenada. Westindies


GCNA PAYS OUT SURPLUS /

The Grenada Cooperative Nutmeg Association (GCNA) began, thin week,
to pay out the distributable surplus relative to the trading year

which ended on 30th June last. Payments began on Monday (27th).
and the amount payable is. EC4 million.

The report of the Interim Board, dated November 10th and now
circulated, states that deliveries of nutmegs and mace were
considerably less in 1978 than in Produi
Production (Ibs)
1977. Laat year, there was what 1974 1978
Years Ending June 30th
was called a "dramatic increase" in
Iutmegs ISaa
production, and 1977 was reported to 1974 3,153,096 399,194
have shown the highest production 11975 5,339,720 769,17k
1976. 4,103,968 534,668
since GCNA was established in 1948. 6,19,009 4
1977 6,719,400 923,497.
1978 4,454,405 568,139
Based on established conversion
rate, deliveries in 1978 are estimated to yield 4,454 Ibs of shell.
nutmeg. This is 2,264,995 Iba or 33.71% less than the 1977
deliveries. The 1978 deliveries of mace were 568,139 Iba, and
FivelYe ro nnuon this is 355,358 Ibs or 38.486
Years Ending June. 3th less than the 1977 deliveries.
Nutmeg Mace
1951-.1955 5,021,159 692,508 ** A compared with 1976, nutmeg an
1956-1960 1,192,979 176,355 mace deliveries are up 8.5% and
1961-1965 1,548,151 237,809 6.3% respectively.
1966-1970 2,780,909 397,573
1971-1975 4,027,174 540,136 In its report, the Interim Board
** Hurricane "Janet"
22nd September 1955 points out that sates of nutmegs

in 1978 were much greater than the production during the year and
this was possible because of the heavy carry over of stock from 1977
"With the production for the current year (1978/79) estimated to be
approximately'the same as the year under review (1977/7)", the "
Report says, "the quantities available for the market are expected t
be much smaller and stocks are not plentiful."
(continued)








THE GRENADA NIWSLETTER Week Ending. 12.78


With respect to mace, the Report says a fall off in market demand
was experienced in 1978, and the volume of sales fell sharply from
the 1977 figure. The result is that there are "fairly heavy"
stocks on hand.

According to GCNA's published audited accounts, 6.1 million pounds
of nutmegs were sold during the year ending June 30th, and this
realized a gross income of EC$14.4 million. Sales of maoe were

549,500 Ibs for the gross figure of EC(1.6 million. These sale
represent an average price per pound of EC$2.35 for nutmegs and
EC$3.05 for mace. Since 1975, the weight of sales has increased
but the average price has fallen from the peak of EC42. for
nutmeg and EC55.26 for mace.
Range
The Report of the Interim Board discloses that, in 1978' Orioes
for sound unassorted nutmegs (the biggest seller) ranged, on the
Average Prices
Ave5-e Pris United Statea market,

Nutmegs from EC$2.40 to WC42.68.
Average
t Sales(lbs) Revenue(EC$) Price(lb) On the Canadian market,
1975 2,644,720 7,001,648 '2.65 the range was EC02.45
1976 6,528,719 12,338,947 1,89 nd, on th
1977 5,819,417 -13,071,564 2,25
1978 6,145,249 14,452,944 2.35 United Kingdom and
uMace European markets., i
1975 221,960 1,168,440. 5.26 E0G2.45 to E32.94.
1976 763,750 2,431,666 3.18
1977 740,790 2,233,196 3.01
1978 549,500 1,675,833 3..05 mace fetched EC43.78 and
EC43.18 respectively on
the Canadian market. In the United Kingdom and Europe, the-
range on these two qualities of mace was EC$3.36 to EC-3.84and
EC$3.12 and hLC3.30 per pound respectively. Mace picking
sold between EC$1.90 and EC#2.04 per pound.

The system under which GCNA operates is that "advances".are made
to producers during the nutmeg year which ends on 6.n~30th.
These "advances" are the purchase price of nutmegs and mace
paid by GCNA to the producers and, after- the accountsfor the
year are closed, the surplus profit is paid to producers as a
,"bonus". This years's surplus profit equals the record EC$4
(continued)


Page 2








THE GRENADA NEWSLI-iTER eek ending 2.12.78 Page

million paid in 1977, but thi overall operation in 1978 is somewhat
less profitable for producers. Q_

During 1977, producers drew a total of EC$9.3 million from GONA in
the form of"advances" and "bonus", but, in 1978, this figure dropped
Revenue Disposal (EC$)
1.975 ,1978
1975 1,976 1,977 1978
Expendable
Amount.., ** 10,304,110 13,440,248 16,630,911 15,795,500
Expenses 3,546,260 7,156,577 7,298,290 7,710,354
Expenses
as, % of
Expendable
Amount 34.42 53.25 43.88 48.81
paid to
Growers 6,757,850 6,283,671 9,332,621 8,085,146
Paid to
Growers
as % of
Expendable
Amount 65.58 46.75 56.12 51.t9
** Apeendble Amount = Sales + Other Income + or -
increase or decrease in inventory.
Notes (1) In 1975, EC$47,400 was deducted from the
operating surplus to be applied for
estimated payment to the provident fund,
and EC#112,653 was transferred from reserve.
These amounts have not been taken into
account abov&.
(2) In 1977, EC051,627 wasadeducted from the
operating surplus to adjust accounts for
the previous year. This. is not taken into
,0 account above.
( i) In 1,978, ECt92,248 was. dgdated from the
S operating surplus to Saduht accounts for
S the previous year. This is not taken
Into account above.

to EG04 million. Part of the reason for this fall is that
"advances" are paid on deliveries to GONA and not or sales by GCNA.

Because of lower production in 1978, less was delivered to GONA and
"advances" fell under the 1977 figure,

Another reason for the poorer economic return to producers is that,

in 1978, expenses, as a percentage of the "Expendable Amount" rose
from the 1977 figure of 43.88. to %8.81% (see Table of "Revenue

Disposal above). General and administrative expenses were up by

over EC0200,000, and Direct. Expenses by over EC$400,000. Of these

two figures, increased salaries, wages and allowances account For

just under 66%.
(continued)







THE GRENADA NEWSLETTER Week Ending 2.12.78 page 4


Holland and West Germany continue to be GCNA's best customers.

Over the last four years, either ohe or the other of these two

countries have been the biggest buyer of nutmegs and, together,

they have purchased 48.66, 48.1%, 47.9% and 50.5% respectively

in the years 1975, 1976, 1977 and 1978.


Country
Holland
West Germany
United Kingdot
USA
China
Belgium
Poland
Canada
Argentina
Italy
France
Spain
Jordan
oGeece
St.Vincent
Brazil
Denmark
Guyana
JaS aica
Norway
Venezuela
Trinidad
Barbados
Surinam
Q+ i4 4+.


Shipments By Count:
1.978
Nutmegs (Iba) %
j,968,200 32.03
1,136,700 18.50
m 710,576 11.56
618,800 10.07
408,800 6.65
269,600 4.39
224,000 3.64
182,400 2.97
139,440 2.27
125,200 2.04
118,400 1.92
90,600 1.47
38,694 .63
23,920 539
21,800 .36
17,920 .29
12,40Q .20
t1,851 .19
11,280 .18
8,800 .14
oaq 6 .06
1,767 .03
874 .01
667 .01
'60 -


ry


Mace (Iba %
23,720 4C 3
309,690 56,36
150,930 27.41
8,960 1.6:


20,160 3.6


27,440 4.9



4-
-





3,880 .7
4< -
"1,120 .2
160 .0


2,240 .4
1,200 .J


'I-
i- L


2
C
1
2


,# ,

-


6,145,249 100.00 549,500 00.00 o


In mace, West Germany and the United Kingdom are the biggest'

buyers, with West Germany having the edge. In 1975, the

United Kingdom did purchase more than West Germany. UK

purchases in that year were 44.22(oGCNA's total exports

while West Germany were 36.80%. Since then, bcrdr,
West Germany has taken more than 5W0 of the total mace exports

evevy year. The percentage of the total mace export taken

by West Germany and the United Kingdom in the years 1976, 1977

and 1978 are, respectively, 58.93% & 24.23, 53.27% & 32.94% and
(continued)








THE GRLAADA N.IEW LTTER Week Ending 2.12.78

56.36% .and 27.47%.


Dissolution Order
GCNA is now run by an "Interim Board" which was appointed by
Government after the elected Nutmeg Board was dissolved by the
Governor General on July 4th 1975. The dissolved Board took


the


RKeaerring to the 7- a_________ I
Interim Board reports that demand for nutmegs has fallen rfe
considerably and sales of mace continue to be disappointing.
"Competitors in Singapore and Indonesia have been making heavy
offers from abundant stocks being 14Ild as a result of apparent.good
Indonesian croa#,sn the last tuo years", the Repo*t says, "and this
has., of course, depressed prices considerably."

The Interia Board says it is continuing efforts to initiate *
discussion with Indonesia with a view to examining possibilities oj
closer marketing cooperation and stabilization of prices.
(continued)


matter to the High Court claiming Nutmeg Sales
1978
that the Dissolution Order was nul .97
and void and of no effect. The ..- '+.,
case was heard before Mr Justice /a1 tiollno''- .

Archibald Wedd who, on July 28th -- t: ,J -

1977, gave his judgement in favour --- ,
of the dissolved elected Board. .

Government appealed that decision '
and, in Januapy last, the Appeal
Court reversed the decision of the High Court and pronounced the
Dissolutior* Orde# valid. Notice of appeal to the Privy Council
was given by the elected dissolved Board, but nothing further has
been heard of this. "At the time Mace S Iea -
of writing", says the Report of the 1978
Interim Board, "the time limif

given to the Applicants by the'- -
Court taoproaecute the appeal has r' y
expired, and a.formal Order .
dismissi*f the appeal i1 being -Otar
sought by %he Association's ~ :
V- U KU_. .
Soliitt. "s.

8/ k 5JW


Page 5


the








THE GRIMADA NEWSLTTER yeek Ending 2.12.78


Grenada Cooperative Nutmeg Association
Statement of Trading & Surplus Distribution 1972


(Pigures in EC$)
Nutmeg


Mace


No. 1. No. 2


Sales
Selected
Unassorted
Defectives
Mace No. 1
Mace No. 2

lost of produce
-from Growers
Inventory at
Beginning of year


1,725,430
9,253,192
3,474,322


1
0


3


Total



,725,430
S'Z 14nr


3,474,322


906,458
769,375
14,452,944 .906,458 769,375 16,128,777



2,181,000 490,000 182,000


Advances paid for
produce delivered
by producers 3.351.240
5,532,240
Net adjustments for
mace purchased as
one grade but processed
as the other
5,532,240
Inventory at end
of year. 1,507,990
4,024,250
Excess of Sales over
cost of Produce 10,428,694
Other Income
Gain on sale of fixed *
assets 2,867
Interest 191,605
profit on nutmeg oil
trading 14,645
Miscellaneous r41
Total Inome :- 10,637,852
Expenditupe
Direct expenses 3,936,3i4


481..937 159.721
971,937 341,721



(13,525) 13.525
958,412 355,246

579,448 200.549
378,964 154,697

527,494 614,678


4,557,911

11,570,866


180 153 3,200
12,018 10,222 213,845

14,645
___) ___2 .6
539,695 625,055 11102,60a

259,100 270,652


General & Administrative
expenses 881
Cess 2,03
Total Expenditure :- 6,851
Trading Surplus for Year 3,77
Deduct 2rior Year's
adjustments *
Board members salaries &
allowances 1976/1977
Salary in lieu of holiday
Bbck pay daily paid
workers 1976/77


55,489
119.522
434,111
105,584
i'


47,197
98.956
416,805
208,250


7,710,354
4,092,248


68,.48 92.28


r4,000,000


I


Surplus due to producers :-


4,000,000


page 6







THE GRENADA NIEWL TTER Week Ending 2.12.78 Page 7.


CAiiE PARMBERS TO GET MORE

Cane farmers are to get a bigger "bonus" than was originally

proposed to be paid to them by the management of the Grenada Sugar

Bactory Ltd.

Since last year, through the Cane Farmers Association, cane farmers

have had a profit sharing arrangement with the Company. Under

this arrangement, the Company buys the farmers's canes at EC$40 per

ton and, at the end of the crop, after shareholders have been paid a

dividend of 10O of the profits, 60% of the balance of the profits is

to be paid to the cane farmers in the form of a "bonus".


On the 1977 crop, a bonus payment was paid at the rate of EC$8.63 per

ton and, on the 1978 crop, it was proposed to pay a bonus of EC53.77

per ton. This figure, however, created dissatisfaction among

cane farmers, and, at a meeting with Prime Minister Gairy on November

20th, the farmers were told that Government will do all in its power

"to effect a complete and immediate takeover" of the Grenada Sugar

Factory.

The Grenada Sugar Factory Ltd maintained that, although the figure

for 1978 is far lower than that for 1977, it is correct because, last

year, the bonus was calculated over a four month period while, for

1978, it was calculated over a twelve month period.
Overhead
"This included a period when the Factory was not producing",

Mr D M B Cromwell, Managing Director of the Company, told
NEWSLETTER, "and the accounts on which the bonus was calculated for

1978 have far more overhead expenses to take care of than the four
month period in 1977 on which the bonus was calculated for that

year."


On Saturday last (25th), a representative of the Company's auditors,

Messrs peat, Marwick, Mitchell & Company, came to Grenada and held

discussions with the Directors of the Company and with

representatives of Government. The result of those discussions

is not known but Mr Cromwell told NhWULhTTER that "the problem is

near solution."

j (continued)







-THE GORADA NEWaeTTER -. veek Ending 2.12.78


"There has been disagreement between our auditors and Government

over our accounts", Mr Cromwell said, "but, in an effort to get

the matter solved, and in consideration of the welfare of the

cane farmers, the Directors of the Company have made certain

counter proposals outside the proposals of both the Ministry of

Finance and our auditors."

Mr Cromwell declined to disclose what 'thee proposals are.
He expressed the view, however, that the cane farmers would

not get less than they were paid last year, and he thought

this. would be acceptable.
(422 words)


BARCLAYS POLL FAVORS BGWU j

A poll conducted by the Labour Department at Barclays Bank

indicates that the Bank & General Workers Union (BGWU) is

entitled to be recognized as the sole bargaining agent for

Barclays' employees.


'his poll was conducted at Barclays' Head Office in St.Georges

on Monday 27th and at the Grenville Branch on Tuesday 28th.

Of the 42 workers at Head Office eligible to vote, one was

absent and, of the 41 voting, 33 cast their ballots in favour

of the Union. At the brenville Branch, the 9 employees

there all voted in favour of the Union.


Barclays has one other branch and this is located in Grenada's

sister island, Carriacou. There are 5* employees ft that
branch eligible to vote, but sources close to BGWH said it was

unlikely that a poll will be conducted there as the result of

that poll will not affect the outcome. Voting at the Head

Office and Grenville Branch proves that BGWU has at lequt 75%

of the workers and Shis entitles the Union to be recognized by

Bar clays.

The result of this poll does. not have Government's apprwyal.

In their efforts to gain recognition, employees at Baro ays had

staged a go-slow and sick-out, and a Government announcement

referred to these as "irregular activities". The
(continued)


gage 8








THE GRENADA NEWSLaTTMR Week Ending 2.12.78 page 9

announcement, carried on Government controlled Radio Grenada and

published in the Government Gazette and in the Government. owned
newspaper, "The West Indian", said Government's first responsibility

is to ensure that people dealing with the banks are not embarrassed

at any time by the action of the clerical staff.of any bank.

"The matter of sick-oUts is being looked at with interest", the
announcement said, "and, if necessary, Government will take the
necessary steps to ensure that the public does not suffer as a result

of the activities of communist inspired persons."

The reference to "communist inspired persons" is part of a current

Government campaign against the opposition New Jewel Movement (NJM).

Government accuses NJM of being "communist" and, as the President of

BGWU is a prominent NJM member, the accusation is directed also at

the Union.


In an exclusive interview on Tuesday (28th), Mr Maurice Bishop,

Leader of the Opposition and Joint Coordinating Secretary of NJM,

told N~dSLE~ TER that Government's reaction against Barclays stlff waf

because prime Minister Gairy had failed to get the employees at the

bank to join his Grenada Manual Maritime & Intellectual Workers

Union (GMMIWU).


"The bank workers have rejected Gairy's efforts to get them to join

his union", he said, "and have chosen instead to join BGWU whose

President, Vincent Noel, is an executive of NJM and Vice-president o

both the Commacial & Industrial Workers Union and the renada Trade

Union Council." 0


"It is well known", Mr Bishop continued, "that our Party is not

communist, but that is not the issue. Like Vorster, Smith,

Pinochet, Somoza and that gang, what Gairy is trying to do is to while

up anti-communist hysteria as a cloak for building a violent facist

dictatorship."


After the poll at Barclays.Grenville branch on Tuesday (28th),

Mr Noel told NEWaLWB'T-1 he had been followed to Grenville by two

plain clothes policemen in a car. The policemen remained outside

Barclay's premises while the poll was being conducted, Mr Noel said,
(continued)







THE GRENADA NEWSLETTER week Ending 2.12a78 page 10

and they continued to tail him when he left after the poll.

The BGWU President said he visited a friend in the "renville area

and the policemen had remained parked outside during the visit.

When he was leaving for St.Georges, he had gone over to the.

policemen and asked why he was being followed. "'hey were very

hostile", Mr Noel said, "and they told me that, if I had done

nothing, I should be afraid of nothing."


It is not known whether Barclays has yet formally recognized BGWU.

At time of going to press, Mr P R Davies-Evans, Barclays' Manager,

was not available for comment. The Labour Commissioner,

Mr Robert Robinson, and Mr Vincent Noel could not be reached.
(660 words)


o"ALL COST OF LIVING RISEv/

Over the period 14th August to 14th November, as compared with

readings earlier this year, there was a very small rise in the

basic cost of living in Grenada. According to the cost of a

"food basket" drawn up by the Commercial & Industrial Workers

Union (CIWU) and Jonas Browne & Hubbard Ltd, the cost of living
increase over that three month period was .224%.

Earlier this year, CIWU and Hubbards agreed on this "food basket"

to be reviewed every three months and to be the basis on which a

cost of living allowance is to be paid by the Company. The
agreement came into being on February 14th last and, at that timj,
the "food basket" was valed at EC$152.87. Reviewed on May 14th,

the value had risen by 7.16% to EC4163.82, and the next review, on

August 14th, indicated a rise in value by 6.245 to EC4174.04.*
The most recent review, on November 14th, shows a rise in value

of only EC# .1,9 from the last review, and this represents an
increase of .i2 to EC$174.23.

Over the nine month period, 14th February to 14th November, the

increase in the value of the "food basket" is E0*21.26. This

represents a cost of living increase over that period of '..90%.


Following is the "food basket" on which three figures as based :-
(continied)








THE GRENADA NEWSLETTER Week Ending 2.12.78

CIWI/Hubbards "Food Basket"


Commodity
Crix Biscuits 1 .lb
Baking Flour 10 Ibs
Bread I loaf
Sugar white (Canadian)
4 lbs
Sugar brown 4 lbs
Rice 4 lba
Cooking Oil 1 bottle
Pig Snouts 1 lb
Salted Beef 1 lb
Corned Beef 1 tin
Sardines 2 tins
Split Peas 1 Ib
Irish Potatoes 4 Ibs
Milo ) lb
Cheese lb
Chicken 2v lbs
Eggs 1 doz
Condensed Milk 2 Tins
Powdered Milk (Dana) 2'lbs
Bath Soap (Lifebuoy) 2 cake
Laundry Soap 2 cakes 1(
Detergent (medium)
Fresh Fish 3 lbs
Evaporated Milk 2 tins
Grapefruit Juice 2 tins'.
Toothpaste (Colgate) large
Tomato Ketchup (Libbys) 12
Onions 1 lb
Razor Bladea 1 1 Pkt
Vim Cleaner i tin mediumm)
Kerosene 2 galls
Margarine- 1 lb
Shortening 1 lb
Pork (stew) 21 lbs
Beef 2 b Ibs
Salt 1 lb .
Matches 2 boxes.
Curry lb
Black Pepper I oz
Toilet Paper 2 rolls
Tea lb
Coffee (Nestle) 2 ozs
Rum 26 ozs
Tomatoes i lb
Lettuce 2 Usb
Ceery large bundle
Yams (Lisbon) 1 lb
Plantains 1 lb
Carrots 2 Ibs
Cabbage 2 lbs
Macaroni lb
Chicken (backs & necks) 3
Gasoline 5. gals
Bus fares Market to
Grand Mall (66 miles)
Tannias 1 lb
Chive & Thyme (large)


Up

Total increase




L______


1s













ib


4.2.78


Cost (EC*) @
14.5.78 14i..78 14.11.78


1.32 4 1.53
6.38 6.38
1.25 1.25
2.48 2.68
2.20 2.32
2.88 2.88
.2.46 2.47
1.74 2.00
2.40 2.40
2.76 2.76
1.64 1.64
.90 .95
1.44 1.96
2.50 2.90
1.43 1.70
7.18 7.18
4.08 4.08
1.88 1.96
7.60 8.06
1.10 1.50
.80 1.00
1.35 1.42
4.50 4.50
1.96 2.02
3.64 4.24
2.32 2.40
z 2.08 2.64
.84 .70
.74 .74
1.28 1.38
4.30 4.82
2.29 2.35
2.28 2.60
4.75 5.50
7.25 7.50
.20 .21
.20 .24
;93 .96
.13 .13
1.74 1.74
2.15 2.15
5.05 5.05
5.46 6.31
1.73 2.10
2.80 4.20
.49 .42
.70
.56 .56
3.46 3.46
3.46 4.20
1.02 1.02
as 2.10 2.07
12.50 13.70
iorBo 11.00
.70 .70
.49 .49

Were8q #163.82
iSO -7 10.95


$ 1 53
6.38
1.25

2.68
2.20
2.76
2.42
2.05
2.40
2.76
1.64
1.08
4.80
3.65
1.70
7.18
4.14
1.96
8.46
1.76
1.00
1.42
6.00
2.02
4.24
2.45
2.08
.98
1.03
1.38
4.82
2.52
2.49
5.50
7.50
.21
.24
1.03
.13
1.86
2.15
5.43
6.31
2.80
4.20
.49
:56
4.86
5.60
1.05
2.16
13.70
II.00
.70
.56

$174.04
10.22


7.16% 6.24


- = $21.26 = 13.9


Page 11


$ 1.53
6,36
6.16
1.25
2.68
2.04
2.72
2.35
2625
2.30
2.92
2.44
1.02
2.12
3.78
1.70
7.05
4.62
2.24
8.16
1.76
1.02
1.46
6.00
2.12
4.24
2.45
2.08
.68
1.03
1.51
4.82
2.52
2.41
5.50
6.83
.22
.24
1.25
.14
2.04
2.15
5.45
6.28
2.80
5.60
.56
.77
.63
5.60
5.60
1.05
2.13
13.70
11.00
.70
.56

. $174.23
.19
% .121


I


0








THE GRENADA NEWSIE&TTR Week Ending 2.12.78 page 12

OPPOSITION ALLIANCE STILL DISCUSSING SPLIT

The three political parties in the opposition "Peoples' Alliance

are still discussing the points of friction which threaten to

break up the Alliance.


The three parties are the New Jewel Movement (NJM), the Grenada

National Party (GhP) and the United Peoples Party (UPP), and the
Alliance was formed just-before the last General Elections which
took place on December 7th 1976. In those elections, NJM
gained 3 seats, GNP 2 and UPP 1. The remaining 9 seats were
taken by Prime Minister Giiry's Grenada Labour Party.

Over the last few months, there have been signs of friction
in the Alliance. Basically, this friction has two eausea.

First, GNP and UPP accuse NJM of being communistt". Secondly,

NJM accuses GNP and UPP of "cooperating" with Government without

first demanding restoration of human rights. NJX denies the

charge of being "communist", and UPP and GNP state that they held

discussions with Prime Minister Galry on his industrialization plan

because this was in the interest of Grenada.


The Alliance hold an executive meeting every fortnight and the

three Parties have been discussing the "position papers" they have

exchanged. Informed sources told N.WSLE.TTiE that an executive

meeting is to be held today (let), and it is expected that the

discussion will continue.,
(209 words)


aaxiLITEZr Y FOR GREADA V

Grenada Television is likely to have a satellite link for

direct reception of programmes from the United States, of

America.


In an exclusive interview with NEWSLETTER today (1st),
Mr Joseph Pitt, Manager of the station, said that negotiations

are now taking place through the Grenada Baptists and he hoped

to be able to make a statement soon.


Mr Pitt declined to say with whom the negotiations are taking

place, but it is likely that the Baptist Foreign Mission Board
(continued)








THE GRENADA NEWSLkTTIR Week Ending 2.12.78 Page .3

(BPMB) of Richmond, Virginia, U S A is involved. Grenada

Television has had considerable assistance from BFMB and, in March
-
last yeaw, the Board was instrumental in having twoconsultants come

to Grenada to conduct a workshop in directing, announcing, news

gathering, lighting, sound and management.


Until that time, Grenada Television had had little Grenadian imput

either in the form of local or foreign programmes, and almost all

telecasts were a relay of Trinidad & Tobago Television. One of

the consultants, Mr David Daniel of BEMB's Media Department, told

NEWSLETTER that the Grenada Baptists wished to get their programmes

on the air and the assistance to Grenada Television was to facilitate

this.

NEWSLETTER is advised that Grenada Television's aatelito link will be

part of "Project Look-Up" which is operated by several evangelical
denominations, a group to which the Grenada Baptists are affiliated.
(225 words)


MARKOVICS RETURNS

Dr Ivan Markovics, until recently Medical Director of a proposed

Grenada Health Clinic, returned to Grenada last week and spent a few

days at Holiday Inn.

The Grenada Health Clinic, which was due to be opened last August,

and which would have provided treatment by the "Niehans Cell

Therapy", ran into financial difficulties and the project was

abandoned at the end of October. Dr Markovics left Grenada on

November 7th and NEWSLETTER is reliably informed that, at that time,

the Grenada Health Clinic Ltd owed Holiday Inn EC$16 thousand.

The purpose of Dr Markovica visit is not known but he is reported to

have said he was "on business". He left Grenada on November 29th.
(116 words)


LESS MONEY IN CIRCULATION

During September, Eastern Caribbean currency notes and coin in

circulation was, at EC$73.9 million, its lowest figure in six months.


In April, the amount of notes in circulation totaled EC069.5 million
(continued)









THE GRINADA NSW8LETTER Week Ending 2.12.78 ege i

and, in May, this figure rose to EC#70 million. In June, there

s a slight fall to EDB69.9 million and, in July, it stood at
$71.2 million, the BC MONEY IN CIRCULATION
igheat monthly figure April to September 1978
Notes Coin. Total
April 69,508,519 6,737,574 76,246,093
circulation during the May 70,089,518 6,824,249 76,913,767
period April to June 69,910,349 6,843,974 76,754,323
september. In August, July 71,283,384 6,854,161 78,137,545
August 68,105,755 6,895,586 75,001,341
ere was a drop to
.e w as a drop to September 67,076,996 6,905,054 73,982,050
C$68.1 million and
ere was another fall in September to the low of EC$67 million.

ring this period, the amount of coin in circulation remained
relatively constant, varying between EC$6.7 million and EC$6.9
million. It is interesting to note that, in September when
otea in circulation was at its lowest for the six month period,
oin in circulation was at its highest.
EAST CARIBBEAN CURRkECY AUTHORITY
Statement of Assets & Liabilities.
0 30th September 1978

Demand Liabilities Extetnal Assets
Notes in Pixed Deposits &
Circulation EC$67,076,996 Money at call EC0110,833,31
Coin in Securities 52,329,71
Circulation 6,905,054 Regional
Bankers Balances 39,581,537 Currencies 5,775,351
Unpresented Chequea 15,725 Bankers'
International Balances 2,880,201
Organizations 243,249
EC$113,822,561 EC#171,818,645
Bankers.' Deposits 70,982,721 Internal Assets
General Reserve 8,902,435 Participating
Special Reserve 3,093,120 Governments'
Other Liabilities 7,725,839 Securities
Including Treasury
Bills.. 26,151,303
Other Assets 6.556.728
EC 204,526,676 n ,26676


j CCRUISE LINEIR CALLS

our cruise liners called at Grenada during the week ending
November 25th. They were :-
November 21st "Veendam" 64- passengers
22rd Angelina Lauro" 750 do.
"World Renaissance" 346 do.
n"ageaford" 512 do.
(continued)








THE GRENADA NEWSLETTER- week Endir 2.12.78

N.WSLETTER has been advised that figures for cruise liners given by

the Tourist Board for the week ending November 18th are incomplete.

In addition to the three ships reported in NEWSLETTER for the week'

ending November 25th, the "Cunard Countess" called on November 17th

with 677 passengers.

Also with reference to cruise liners calling during the week ending

November 18th, NEWSLETTER had now been advised that the "Werld

Renaissance, which arrived on November 15th, carried 677 passengers.
(1.06 words.)


haMlAA SHIPMENTS

The S S "Geeststar" sailed on November 7th with 15,411 boxes of

bananas weighing 493,223 Ibs. There were 745 boxes of rejected

fruit. The Grenada Banana Cooperative Sofiety (GBGS) paid

producers: EC 14 per pound on the weight of fruit received at the

boxing plants, but this. weight is not yet available.


Also not.available is the price paid by Geest Industries Ltd to

GBCS on this shipment.


The price paid by Geest Industries on the shipment by "Geeattide" on

November 20th :as ECi 30.088. The boxing plant weight on this

shipment was 606,351 Ibs.


The total weight of bananas shipped in 1978, to date, is

29,805,398 Ibs.






Alister ughes
lot] D ember 1978
't$.




Full Text