The Grenada newsletter

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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:
AA00000053:00279


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NEWSLETTER
FOUNDED 17TH AUGUST 1973

10TH-ANNIVERSARY ISSCE. -. 17TIqAUGUST 1983
11th Year of Publication- -290th Issue
Volume 11. Number 11





PRISON CHIEF: 78 DETAINEES IN JAIL

Acting Commissioner of Prisons,Mr Justin Roberts, has declined
to give the names of the 78 political prisoners he is holding
at Richmind Hill Prisons.

On July 20th, Mr Roberts, making the statutory "Jail Delivery"
to the High Court at the end of the Assizes, reported under
oath to-Mr Justice James Patterson that he had a total prison
population of 221 persons.

Of these, he said, 91 are convicted persons, 21 are on remand,
26 are awaiting trial, 4 are prohibited immigrants, there is
one judgement debtor and there are 78 detainees of which four
are women.

Asked by NEWSLETTER on July 22nd for an official list of these
detainees, Mr Roberts said the request should be made to the
Ministry of the Interiort

'The Ministry of the Interior has more authority", he said,
and they would know what information they can release."

A phone call to the Ministry, however, proved fruitless. A
spokesperson for the Ministry said the only person who can
give the required information is Mr Lium James and he was
out of the State.

Mr Roberts' disclosure is at variance with the number of
political prisoners said by Prime Minister Maurice Bishop to
be held by the Peoples Revolutionary Government (PRG).
During his visit to the United States in June, Mr Bishop
continued -


Produced & Printed by Alister & Cynthia Hughes
P 0 Box 65, St.Georges, Grenadai Wet-in'12es





Paje 2 THE GRENTDA-NEWI~TT ER.. lOTh Anniversary Issue 17.8.83


told. the Press his Government is holding 40 persons without trial and,

at the Caribbean Community (CARICOM) Heads of Government meeting in
Trinidad in July, he gave the figure as "35 to 38".

The difficulty of getting accurate figures is compounded by the fact
that it is unclear what category of persons the Authorities consider
to be "detainees"t

For instance, Teddy Victor, one-time close associate of the Prime
Minister, became a detainee in October 1979* Twenty-eight months
later he was charged and tried under the Terrorism (Prevention) Act,
found guilty and was then held in prison as a convicted person. His
sentence expired on June 2nd 1983 but he has not been released and
it is not known whether he is listed among the 78 "detainees" being
held.

Similar cases are those of Francis Jones and Roland Budhlall. Jones,
the Superintendent of Prisons under deposed Prime Minister Eric
Gairy, was detained on the day of the armed take-over by the New
Jewel Movement (NJM), March 13th 1979. A year later he was
charged with "stealing", found "not guilty" by the Court and dis-
charged. However, he is still being held at Richmond Hill Prison
and it is not known whether he is considered a "detainee".

Roland Budhlall, a former NJM activist and member of the Peoples
Revolutionary/Army (PRA), was charged, together with others, with
the "bomb blast".murders of 19th June 1980. Tried and acquitted,
he was discharged by the High Court but is still being held at
Riahmond Hill Prisons.

Arriving at an accurate figure is complicated also by the fact that
the Report of the Acting Commissioner of Prisons to the High Court
refers only to persons held at Richmind Hill Prisons. An unknown
number of persons (estimated at 25) is held also at a detention
camp at Hope Vale, some 5 miles east of St Georges, and at Fort
Rupert (formerly Fort George), the Headquarters of the PRA in
St Georges.

Airiong these are believed to be Fitzlyn Joseph and Eddie Richardson
who were charged originally with the "bomb blast" murders, but who
had the charges against them dropped and who gave evidence for the
Prosecution at the trial.


( 4,j
*v,-a~





10Th Anniversary Issue 17.8.83 THE GRENADA NSWSLETTER Page 3


CDB LENDS GRENADA 3.2 MILLION

The Caribbean Development Bank. (CDB) has approved loans to Grenada
of over US$3.2 million.

This was announced on August 13th by the State owned and managed
Radio Free Grenada (RFG), and the station said US$2.5 million of
this sum will be used to start and complete the first five miles of
the Western Main Road Project.

A further US$161 thousand will go to the Government owned Grenada
Telephone Company now in process of expansion, and US$100 thousand
will provide a fund for loans to students at tertiary level.

According to figures published by CDB, a total of US$16.935 million
was made available to Grenada in loans, contingent loans, equity and
grants over the period 1970 to 1982.

Of this sum, 30 cents in each dollar went to agriculture, forestry
and fishing, and 32 cents in each dollar to transportation and com-
munication. Water received 13 cents in each dollar, manufactur-
ing and education each was allocated 7 cents in the collar, 6 cents
in the dollar went to housing and 5 cents was distributed among
other sectors.

Last year, CDB approved loans to Grenada totalling US$2.791 million.
This sum was devoted entirely to agriculture and agro-industries,
US$2.301 million going to the State owned Grenada Farms Corporation
(GFC) and US$490 thousand to the Government managed Grenada Cooper-
ative Nutmeg Association (GCNA).

Of the sum allocated to GFC, US$1.301 million is applied to the
Regional Imput Supply Scheme and US$1 million to 'agricultural de-
velopment". GCNA is using its loan to develop a nutmeg oil dis-
tillery.




PRG GETS LOAN FROM OPEC

The Peoples Revolutionary Government (PRG) has entered into an Ag-
reement with the Organisation of Petroleum Exporting Countries'
(OPEC) Fund For International Development for a loan of US$1 million

The Agreement, dated July 7th 1983, states that the PRG has reques.-
ed assistance from the Fund in the form of "Balance of Payment
Support". The loan is subject to interest at 3% per annum and
there is a 1% per annum service charge on the principal amount of
the loan actually drawn.

Under a special arrangement set out in the Agreement, the loan will
be used for "the importation of capital goods, spare arts and
continued -




Page 4 THE GRENADA NEWSLETTER 10Th Anniversary Issue 17.8.83


i.np:ts required for agriculture or civilian industrial production",
"the importation of foodstuffs and other essential consumer goo4?, and
to "finance local costs of one or more development projects or prog-
rammes".

A "grace period" on the loan extends to July 15th 1986 after which
the normal repayment terms will be half yearly payments of US$125,000
over four years.

However, if there is no agreement between OPSC and the PRG on the
development projects to be financed, the PRG may spend the money
allocated as it sees fit. In such an event, repayment will be over
two years instead of four.





BISHOP: MONCADA ATTACK FUNDAMENTAL

Prime Minister Maurice Bishop has repeated his conviction that, if
there had been no unsuccessful attack in 1953 by Fidel Castro on the
Moncada Army Barracks in Santiago, Cuba, there would have been no
Cuban revolution in 1959 and no Grenada revolution in 1979.

Mr Bishop was addressing a rally on the week end of July 23rd commem-
orating the anniversary of the 26th July attack on the Moncada barr-
acks. The rally was held at the site of the international airport
now being constructed at Point Saline and the Prime Minister said one
of the most outstanding characteristics of the Cuban revolution is
that it has bred a very deep spirit and quality of "internationalism"
a.rrong the Cuban people.

"The best proof of that internationalism", he said, is the fact that
this international airport project could never have gotten (sic) going
without the internationalist assistance of the Cuban people, the Cuban
Party and the'Commander -in:hief, Fidel Castrd."

The latest available figures of the cost of the airport project are
published in a Loan Agreement by the Peoples Revolutionary Govern-
ment (PRG) with the Government of Iraque in November 1981:. That.
Agreement states the full cost of the project as US$71 million, to
which sum the largest contributor is Cuba with US$33.6 million.

When the Prime Minister announced the launching of this project in
December 1979, he said Cuban assistance would be in the form of 85
pieces of heavy and other equipment, 4,000 tons of cement, 1,500 tons
o0 steel .and the free services of 250 'uban technicians. Since
then, JBhere have been further gifts of equipment and materials from
Cuba and it is estimated that some 400 Cubans are employed on the
project.


- continued -




10Th Anniverzary Issue-_1L.8.83 PHEGREnAf-aAEgSLTTE R Page 5


Efforts are now being made to have the airport ready for an opening
ceremony on 13th March 1984, the fifth anniversary of the Grenadian
revolution, and an informed source told NEWSLETTER that, while it
will be several months beyond that date before the airport can be
considered completed, it probably will be operational on that date.






The Panamanian registered ship "Welfare III" docked here on July
20ih with a shipment of 75 pieces of equipment from the German
Democratic Republic (GDR) for the Peoples Revolutionary Governr.nt
(PRG),

The State owned and managed Radio Free Grenada (RFG) said on auly
21st that this is part of a package of EC$5 million worth of equip-
ment to be supplied by the GDR to the PRG.

RFG said the package includes a two year supply of spare parts but
the station did not disclose the terms under which the package is
being made available.

However, following his visit to the GDR in June last year, Prime
Minister Maurice Bishop announced that that country had given Gre-
nada a line of credit worth US$6 million, and the package of equip-
ment may have been arranged under this*

The line of credit carries an interest rate of 31 and covers tele-
phone equipment, ship-to-shore communications, a small cocoa processaa
ing plant, agricultural equipment and vehicles.

According to RFG the equipment by the "Welfare III" included 31
"multi-cars", 17 tipper-trucks, 2 road-building-team cars, 1 mc-
bile work truck, 16 box vans, 4 fire trucks, I wrecker and 2 dump-
trucks.

RFG said two GDR technicians were then in Grenada to train oper-
ators. for this equipment.




EQLITICALCLAS'ES. COMPULSQBY

Employees in all Government Ministries, Departments and State Enter-
prises will be considered to have absented themselves from work if
they do not attend the weekly political classes organized at their
work place by the Peobles Revolutionary Government.

This warning is given in A circular issued in July by Minister of
Mobilisation Selwyn Strachan, and he stated that, in considering
wage increases and promotions, workers' attendance at these political
continued -




Page 6 THE GREIADA. NWSLETTEB. 10Th Anniversary Issue 17.8.83


classes will be taken into consideration.

"The aim of the classes is to raise the level of knowledge and politi-
cal consciousness", Mr Strachan said, "and to increase efficiency and
productivity and develop a greater sense of patriotism".

Regular attendance will not only improve the capacity of workers to
participate more fully in the solution of Grenada's problems, the
circular said, but it will also improve workers' capacity to achieve
a higher standard in their every 'day work.

"It is for this reason that the classes for workers in the public
service are held during working hours, are paid for by the State and
attendance is compulsory", the Minister said.

Mr Strachan said all workers in the public service do not appreciate
the importance of these classes, but, by now it should be well
understood by everyone that the "Worker Education Classes" are an
established part of the weekly activities of all workers in the
public service and of many workers in the private sector also.





RENADA A _BCEA HQTEL..QPE.ELD

The Grenada Beach Hotel (formerly the Holiday Inn) was officially
opened on July 31st by Prime Minister Maurice Bishop.

Originally, there were two hotels on this site which is located
on Grand Anse Beach about four miles south of St Georges. There
was the Holiday Inn and the Grenada Beach Hotel but, following a
fire at the latter in 1971, Holiday Inn absorbed the Grenada Beach
Hotel.

In October 1981, another fire caused extensive damage to Holiday
Inn, destroying the nain block of the hotel which housed the
kitchen, house-keeping department, main dining room, coffee shop,
lobby, and reception area, administration office and residents'
lounge.

For some time there was uncertainty as to whether the owners of
Holiday Inn would rebuild but, by May of this year, Minister of
Tourism Lyden Ramdhanny disclosed that the Peoples Revolutionary
Government had purchased the hotel for an unnamed sum.

Reconstruction work has concentrated on refurbishing the kitchen,
dining and reception areas of the old Grenada Beach Hotel, work
on the burnt out area to be the second stage of reconstruction.
'ic date, about half a million East Caribbean dollars have been
spent on reconstruction, the hotel has 153 of its 184 rooms
operational, the first 40 guests were then in residence and some
continued-




10Th Anniversary Issue 17.8.83


50 persons have been employed.

In his address at the opening ceremony, the Prime Minister said
the hotel was being opened at a timely moment in that August is
the biggest month in Grenada for holidays and holiday related ac-
tivities. He referred to the annual regatta which was then
taking place in Grenada's sister island of Carriacou, to Grenada's
Carnival to take place later in the month and to the Caribbean
Calypso Festival soon to be staged for the second time in Grenada.

"Later on in this month", Mr Bishop said, "this hotel is going to
host the American Association of Jurists conference when we will
expect somewhere between 75 and 100 jurists from Latin America and
the Caribbean, in fact from North America also."

A Small-Island-States conference (hosted by the Non-Aligned Move-
ment) was to be held in Grenada in September, Mr Bishop said, and
in November there is to be a conference of intellectuals which
will provide the Grenada Beach Hotel with some 100 guests.

These activities provide good reason for the opening of the hotel
at. this time, he said, but the biggest reason is that, in March
next year, the international airport will be opened.

"Once that international airport is opened", the Prime Minister
said, "we can confidently expect that many more visitors, tourists
in particular, will begin to come to our country."

Jocularly, Mr Bishop expressed appreciation of the "efforts" of
t4 United States Administration to bring the international airport
project in Grenada to the attention, of the world.

"Perhaps, today, we should again pause to thank President Reagan
for all the free publicity which he has given this international
airport", he said.




XLQE LENTEBQ hEETEOQRENADA ARTSCBAETS

Mr. Norberto J Ambros, Organisation of American States (OAS)
Director in Grenada, told NEWSLETTER .28th July that this island
has excellent prospects for development in the fields of arts and
crafts.

"Grenada is widely known for the quality of its human resources
in these fields", he said, "and the programmes which the OAS is
supporting are geared to exploit this quality and develop manage-
ment and marketing skills".
continued -


Page 7


IU _QE APa =19UgLETA ETUE




10Th Anniversary Issue 17.8.83


The Director said a Jamaican technician, Mr Barry Brown, is now in
Grenada on a two year contract in this Connection.

Mr Ambros, who was appointed to the post of Director some three weeksr
ago, said that tentative OAS allocations to Grenada covering voc-
ational and technical projects in the field of education in the
1984/85 period are US$125,000.

The Director said the OAS has been involved in educational projects
in Grenada since 1978 and these include curriculum development for
primary schools and an in-service training scheme for teachers
among others.

In Grenada in July, conducting a seminar in "Project Presentation
& Implementation" for personnel of the Ministries of Education and
Planning is Mr Pedro Turina, Chief Programming Officer of the OAS
Department of Education.

Mr Turina told NEWSLETTER that one of the new projects now being
implemented is establishment of an Education Data Bank. All
30 members of the OAS are taking part in this project but he
could not say when it will become operative.

"Undoubtedly, the Data Bank will be of great value to OAS members",
he said, "but there are many technical and policy difficulties to
be overcome before it can become operative."

At the present time, basic statistical information is being
sought from all member countries for the Data Bank but, eventually,
the Bank will cover evaluation systems, materials and other
information which will be available to members.





BISHOP GOES TO "MONCADA" CELEBRATIONS

Before flying out on July 25th to Havana at the head of a dele-
gation which took part in Cuba in the 30th anniversary celebrations
of the unsuccessful attack led, on 26th July 1953, by Fidel Castro
against the Moncada Army Barracks, Prime Minister Maurice Bishop
described that attack as important and historic.

"Moncada underlined courage", he told Radio Free Grenada, "Moncada
emphasised planning, Moncada showed determination, Moncada demon-
strated that, once a people are ready for their freedom, then no
force on earth can ever stop them."

Mr Bishop said that, on his visit to thc Moncada celebrations, he
would.take "to the Cuban people, the Cuban Party, the Cuban Govern-
ment, the Cuban revolution, not only warm fraternal greetings from
continued -


THE GRENADA NEWSLETTER


Page 8




10th Anniveisary Issue 17.8.83


the Grenadian people, but the warm sincere feelings of appreciation
for "the tremendous work being undertaken by Cuban internationalist
workers on the airport and in other areas."






Returning at the head of a Grenada delegation which attended the
4th anniversary celebrations of the Nicaraguan revolution, held in
Managua late in July, Foreign Minister Unison Whiteman expressed
on' July 24th the support of the Peoples Revolutionary Government
for the 6-point Nicaraguan proposal to bring peace to Central
America.

Mr Whiteman told Radio Free Grei.ada the points were put forward by
Mr Daniel Ortega, head of the ruling Junta, at a rally on July 19th,
and he said they are an important step towards peace in that they
contemplate a non-rgre.ssion pact between Nicaragua and Honduras.
The Foreign Minister said Nicaragua is also proposing talks on the
ending of supplies of arms to El Salvador.

"In other words", he said, "what we are seeing is a package for
peaceful coexistence in the region and we would like to praise
Nicaragua for its reasonableness and spirit of conciliation be-
cause these talks could lead to a better spirit of good-neighbour-
liness3 in Central America".

On the other hand, the Foreign Minister said, the decision of the
United States to send "two fleets of battleships to the area close
to Nicaragua" is a set-back to the peace efforts in Central Amer-
ica,, and he appealed to the U.S. to rethink, study and review the
decision, especially in the light of the "conciliatory attitude of
Nicaragua" and in the light of Nicaragua's "clear proposals for
peace".

Mr Vhiteman said that, in view of Nicaragua's conciliatory attitude,
it is "'not fitting" for the United States to maintain "that posture
which could very easily lead to a provocation which could very
easily lead to a wider war in Central America."




/*


iHE. -QENADAREWZLETTEB


Page 9





"age 10 THE GRENADA NEWSLETTER 10Th Anniversary Issue 17.8.83


LOST & FOUND DOLLARS IN THE OECS

Millions of dollars are flowing in illegal streams between some islands
of the Eastern Caribbean. Figures published by the East Caribbean
Currency Authority (ECCA) show that little respect is shown for curren-
cy regulations. Some factors in this situation may be relatively
innocent but the possible involvement of smuggling and the drug trade
cannot be ignored.

The money supply of the Organisation of East Caribbean States (OECS)
comes from BCCA. These States, St Kitts, Antigua, Montserrat, Dom-
inica, St Lucia, St Vincent and Grenada all use the East Caribbean (EC)
dollar and records are kept of the separate values of notes and coin
issued to Commercial Banks in each island. These records disclose
an interesting fact.

Year after year, there is the same value relationship between the notes
and coin issued by ECCA to the islands as a group. For every $95.00
in notes drawn by the islands, they take $5.00 in coin. This relation-
ship does not work out in round figures, but its very close.

In 1973, for instance, the relationship of notes to coin was as close
to 95.00/5.00 as 95.02/4.98. In 1980 it was 95.78/4.22, last year
it was 95.06/4.94 and, each year, it has been as close as this.
Statistics over the last 10 years show that, together, the Commercial
Banks in the OECS consistently have taken almost exactly 95% of their
currency in notes and 5% in coin.

"One gets to learn how much coin our tellers must have so people can
make change", one Banker explained, "and we estimate this on the
value of notes in circulation."

But, this is where the problem is. The estimated value of notes
in circulation in each island does not agree with the value of notes
issued to each island by ECCA. The figures show an unexplained
behind-the-scenes island-to-island flow of currency, and some im-
portant questions remain unanswered.

Take the situation in Grenada in 1979, for example. In that year,
the Commercial Banks took in supplies of both coin and notes from
ECCA and it can be assumed safely that the coin stayed in Grenada.
Nobody packs up coin and takes it to another island. Ir's too
bulky.

The same is not true of notes, however. Large values of paper
money can be transported easily and it can be shown that an unexpl-
ained large value of notes left Grenada that year.

Baking practices vary little from island to island and, undoubtedly,
the Commercial Banks in Grenada maintain the approximate average of
GJCS. That is, they carry about $95.00 in notes to every $5.00 in
continued -


.


____ _ I__ ___




THE GRENADA NEWSLETTER Page 11


coin. Those Banks took $824,000 in coin from BCCA during 1979 and,
at the 95.00/5.00 notes/coin relationship, it would be expected that
Grenada would have drawn some 16 million dollars in notes.

In fact, Grenada drew a great deal more than that. The Commercial
Banks took just over 32 million dollars in notes from ECCA. This
means that, in addition to the 16 million dollars in notes to match
the $824,000 in coin, Grenada drew another 16 million dollars in
notes for which the Commercial Banks did not have to maintain coin
for change. That money was not in circulation in the island. It
disappeared.

On the same basis, Grenada lost another 16 million in 1980, 19 mill-
ion in 1981 and, last year, the figure peaked to 22 million.

Using the same calculation, but on the other side of the coin,
Antigua and St Kitts show the opposite trend. Last year, 11 mill-
ion unexplained dollars poured into Antigua and nearly 15 million
into St Kitts. Nearly two million dollars each flowed into Domin-
ica and Montserrat from sources other that ECCA, while St Lucia and
St Vincent lost 6 million and 1.5 million respectively.

This pattern has been consistent in its growth for the last 10 years
at least, and, of all the islands, the out-flow of unexplained
dollars has been greatest in Grenada. Between 1973 and 1975, the
annual figure rose from 1.9 million to 4.3 million. By 1979,it was
12.3 million and, over the period 1980 to 1982, nearly (- million
dollars have disappeared from the island.

St Kitts, at the other end of the scale, had an unexplained in-flow
of as much as 3.4 million in 1973 and, by 1979, that figure had
risen to 9.9 million. Over the 1980 to 1982 period, St Kitts had
nearly 40 million dollars in circulation which was not issued by
ECCA to the Commercial Banks in that island. In fact, the sit-
uation there is so strange that, last year, the Commercial Banks
dzew from ECCA more than twice as much value in coin as they did in
notes.

Several explanations are possible for these curious currency flows,
these "lost and found" dollars. In the case of Grenada, it has
been pointed out that, for a long time, the Grenada Grenadines have
been a smuggling centre. Boats from these islands regularly
collect cargoes of cigarettes and liquor from the duty-free ports
of the Dutch islands lying north of the Leewards.

It is said that these cargoes are paid for in EC dollars and, the
Dutch islands being conveniently close to St Kitts, these dollars
are taken in suit-sases and lodged with the Commercial Banks in that
island.


- continued -


10Th Anniversary Issue 17.8.83




Page 12 THE GR i ADA NAEWSLETTER 10Th AnniversaryIssue 17.8.83


Thr_.e ate, of course, no statistics on the smuggling trade,,.ut the ,
millions of missing dollars shown up by the ECCA statistics, seem high
to be explained by this. And, there is another questions EC dollars
can be taken in suit-cases from the Dutch islands to St Kitts, but that
cannot be the end of the story. A fat bank account in St Kitts is not
much use to the people in the Dutch islands who sell to the smugglers.
They want their money at home. How do they manage this ? How are
the EC dollars conVetted into foreign currency to be taken back to the
Dutch islands ?

Then, there are the questibhs raised by the situations in Antigua and
St Lucia. In the early 70s, Antigua was receiving between 2 and 3
million unexplained dollars annually. By 1979, the figure crossed the
8 million dollar mark and, between 1980 and 1982, it fluctuated be-
tween 11 and 12 million dollars per year.

Are these extra dollars in Antigua taken there by holidaying OECS
Westindians who have ignored currency regulations in getting their
spending money ? Ig Antigua part of the St Kitts/Dutch islands
picture, or is there yet another reason ?

In StLucia, there is the opposite trend to be explained. While not
on the same scale as Grenada, this island consistently loses millions
of dollars annually. Early in the 70s, it was less than 2 million
every year but the drain-away of dollars issued by ECCA now stands at
6 million a year.

In Dominica, the pattern of dollar flow has a curious link with the
weather. The statistics show that, in the 70s, there was an in-flow
of between 1 and 2 million dollars annually, but there was a dramatic
reversal in 1979. In that year, Dominica lost $350,000.

W-'ether or not it is coincidence, 1979 was the year hurricane "David"
struck Dominica and this strange connection with disaster is repeated
in 1980. This time, it was hurricane "Allon" and, again, there was
no in-flow of dollars but a loss of $38,000.

What can this mean ? Is there an underground export trade in Dom-
inica which is affected by adverse weather ? Is that export trade
marijuana ? Did the hurricanes damage secret plantations and so
cut off the flow of incoming purchasing dollars ?

These are questions to be answered because, either by coincidence
or the fact that the supposed marijuana plantations were again pro-
-1iing, the in-flow of dollars started again in 1981 and, last year,
it was again approaching the 2 million dollar mark.

Official circles have begun to take note of these unexplained
currency flows, concern is being expressed privately, and ECCA has
taJ-en a step which will enable positive monitoring of where the
dollars go.
continued -




THE,.ABERADA IEWSLETTEF


From July 1st this year, all notes issued to Commercial Banks in
Grenada have been marked with a (G), St Vincent's notes are ident-
ified with a (V), Montserrat's with an (M) and so on. Soon, it
will be possible to trace the paths. It will be known whether
Grenada's notes are reaching Antigua and St Kitts via the "suit-case
route" from the Dutch islands. It will be known where St Lucia's
money is going and whose money is in circulation in Lomninica.

No doubt, this is just the first step in an overall tightening up
plan in preparation for the new role of ECCA which becomes the CECS
Central Bank on October 1st

Performing in that role, serving seven sovereign States readd over
several hundred miles of sea, will be no easy task.' Cur-rnc-
control will be one of the problems, and the "lost and fo:ndj"
dollars must be sorted out before there can be any solutions.






/-Asli ter Hughes Cynthia Hughec

17th August 1983






























Printed & Published by the Proprietors
Alister & Cynthia Hughes, JournAlists
of Ceott Street, St Georges, Grenada, Westindies


10Th Anniversary Issue 17.8.83




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