Group Title: Tribune. (Nassau, Bahamas).
Title: The Tribune
ALL ISSUES CITATION THUMBNAILS ZOOMABLE PAGE IMAGE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00084249/00098
 Material Information
Title: The Tribune
Uniform Title: Tribune (Nassau, Bahamas)
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Place of Publication: Nassau Bahamas
Publication Date: April 30, 2005
Copyright Date: 2005
Frequency: daily, except sunday
daily
normalized irregular
 Subjects
Genre: newspaper   ( marcgt )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Bibliographic ID: UF00084249
Volume ID: VID00098
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850

Full Text






"TRY OUR
AWESOME
TWOSOME" I'm ,ovin;it.
HIGH 86F
LOW 72F

() PLENTY
OF SUN


Volume: 101 No.130


The


Tribune


SATURDAY, APRIL 30, 2005.


Lei 9 6 6 3
325.WOOD
46 Madeira Street

PRICE 500


Why'oull Ma in earc fo
-SAU


Victim in hospital


after car crash


* By KARIN HERIG
Tribune Staff Reporter
THE ABDUCTION of a
man, believed to be an employ-
ee of the Furniture Plus store,
resulted in a high-speed car
chase and crash yesterday. No
one was seriously injured.
Police are investigating the"
armed robbery and abduction
r ao ng to
're~ports,''wasnhe~roup:'aVt gun
point by three men, who then
took control of his vehicle.
The police became aware of
the situation when officers on
patrol saw a white Nissan Sen-
tra, registration number 104306,
travelling on Delancy Street
with four men, three of them
wearing dark clothing and black
tams.
"The officers observed the
three males, but also a light-
skinned man on the rear seat
of the car," press liaison officer
-Inspector Walter Evans told
The Tribune.
However, when police offi-
cers tried to stop the vehicle, it
sped off.
The officers gave chase and
called in other units to assist
them in pursuing the suspects.
The car chase came to an


abrupt end in the vicinity of the
Lion's Club on Interfield Road
when the driver of the Nissan
lost control and the vehicle
overturned.
Two suspects fled on foot, a
third was taken into police cus-
tody. The abducted man suf-
fered several injuries and was
taken to Princess Margaret
Hospital.
The Nissanptrq-isjeliyed
to be the property of Furmniture
Plus. Mr Evans said that offi-
cers found a 9mm pistol near
the scene of the crash.
"We are following significant
leads," he said.
In other crime news:
Police are still searching
for a suspect who is wanted in
connection with a stabbing of a
24-year-old resident of Black
Village.
At 9.15pm on Thursday, Ancil
Davis was playing a game of
dominoes in his neighbourhood
when he became involved in an
altercation with a man whom he
knew.
The situation escalated and
Mr Davis was stabbed several
times about the body.
He was rushed to Princess
Margaret Hospital, where he
remains in serious condition.


Bridge


is still


sound,


claims


Roberts

* By. PAUL G TURNQUEST
Tribune Staff Reporter
WORKS Minister Bradley
Roberts assured the public yes-
terday that the old Nassau-Par-
adise Island bridge is still struc-
turally sound and that the engi-
neering work being done is only
routine evaluations.
Mr Roberts was responding to
questions raised yesterday after
an article in The Tribune revealed
that the Bridge Authority had
cautioned Paradise Island con-
tractors about the weight limita-
tions on the bridge.
"The integrity of the bridge is
secure, there is no question about
that. That is why we want it to
continue that way. That is why
we don't want excessive weight
to jeopardize the stability of the
bridge; the old, or the new one.
"We have some engineering
evaluation work going on as we
speak to check the stability of the
bridge. We will also be putting in
a scale to weigh the vehicles going
over the bridge. That we hope,
will be put in shortly," he said.
Melanie Roach, director of the
SEE page nine


* THE old Paradise Island bridge is still structurally sound, claims the Minister of Works
(Photo: Felip Mjaor/Tribune Staff)


* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT AN Eight
Mile Rock woman, reported
missing more than 35 years
ago and presumed dead, was
recently deported to Grand
Bahama from the United
States.
According to police reports,
Ms Mynae Forbes, a resident
of Pinedale, was reported
missing by relatives in the ear-
ly 1970s.
She had not been seen or
heard from since until recent-


AS The Tribune was going
to press last night, reports
were coming in of a plane
crash near Walker's Cay in
Abaco.
A fisherman in the area
claimed to have seen a small


ly when she was brought back
to the island by US immigra-
tion authorities.
The woman had apparently
been living in the United
States for sometime.
When The Tribune went to
her family's home in Pinedale
on Friday, a woman who
declined to identify herself
refused to be interviewed.
The circumstances sur-
rounding Forbes' deportation
is not known, and officials at
the US Embassy could not
been contacted up to
presstime for details.


plane flying overhead and wit-
nessed an explosion.
The accident could not be
confirmed by police yesterday,
and air traffic control said it
had received no information as
to whether there was a crash.


Bahamas to back Insulza


as secretary general of OAS


* By RUPERT MISSICK Jr
Chief Reporter

THE Bahamas will back Chilean Interior
Minister Jos6 Miguel Insulza as Secretary
General of the Organisation of American
States at the election scheduled for Monday
May 2.
This comes after it was learned yesterday
that Mexico's Minister of Foreign Affairs,
Luis Ernesto Derbez, will no longer offer
for the post of Secretary General of the
OAS.
In light of this new development, the
Bahamas has communicated to the gov-
ernment and people of Chile that it will
now join in supporting the candidacy of
Chilean Interior Minister Jos6 Miguel
Insulza as Secretary General in pursuit of
the common objectives of the OAS.
The Bahamas, because it was still
negotiating to be removed from Mexico's
list of non-cooperating tax countries,


decided to support Mexico's candidate.
The 34 OAS member states met earlier
this month in Washington, DC, to vote for
the organisation's new Secretary General.
After hours of deliberation, it was a dead-
lock between the Mexican and the Chilean
candidates, each receiving 17 votes.
The majority of Caribbean countries
expressed their willingness to support
Chile's interior minister Jos6 Miguel
Insulza, with at least 10 Caribbean votes
out of 14. Some observers indicated that
this would lead to CARICOM supporting a
left-leaning candidate, who is not Wash-
ington's first choice.
However, the candidate supported by the
US, former El Salvadoran President Fran-
cisco Flores, dropped out a week before
the election.
The Bahamas expressed interest in back-
ing Mexico's conservative foreign secre-
tary, Luis Ernesto Derbez, before he too
decided to drop out of the race. At least two
other Caribbean countries, Belize and St


Vincent and the Grenadines expressed the
same interest, which resulted in CARICOM
not reaching a consensus on the matter.
The majority of CARICOM countries
supported the Chilean candidate because
Chile has had substantial outreach in the
Caribbean, which has had an indelible
impact on relations between the region's
different countries.
The CARICOM's 14 members were con-
sidered to be crucial in determining which
candidate would win the necessary 18 votes
to become the next secretary general of the
organisation.
Mr Derbez campaigned on a promise to
make the eradication of poverty his top pri-
ority, while Mr Insulza wants to make the
OAS more dynamic and restore confidence
in the organization.
The race has been one of the most
hard-fought in the group's 57-year history,
with officials travelling to lobby govern-
ments ahead of Monday's meeting in
Washington.


Nassau and Bthmiia Islads' Lcadinc Ncwsmxipci


#1 PAPER IN CIRCULATION


e BAHAMAS EDITION ra
BAHAMAS EDITION


- - - - --


Woman reappears

in Grand Bahama

after 35 years


Breakingnews:reports

ofpae crash I Abac


gUnlpo


/en









PAGE SAURDAY APRL 30,2005THE TIBUN


The Government of The Bahamas issues AES an Agreement in
Principle to construct a14iquefied Natural Gas plant on Ocean
Cay in The Bahamas.
-'S AES and BEST meet to discuss the project review process
^- p -D With participation from BEST staff, AES commences field
surveys, including geophysical, geotechnical, hydrographic,
biological and archaeological surveys.
H* AES submits Draft EIA scope outline to BEST.
BEST staff submits comments on EIA draft scoping document to
AES.
AES responds to BEST comments on draft EIA scope.


AES submits EIA draft sections to BEST staff for review and
corhment.
BEST staff provide comments on draft EIA sections to AES
AES submits completed EIA document to BEST staff.
AES makes presentation of EIA to Ministry of Health, the BEST
Commission, the Ministry of Foreign Affairs and the Department of
Fisheries.
The BEST Commission engages ICF to support the EIA review
process.
BEST staff reviews EIA, section by section, and submit questions to
AES.
AES responds to BEST staff questions and attend multiple working
group meetings to clarify responses and amendments to the EIA.
Minister of Health and the Environment, Dr. Marcus Bethel holds
national press conference to announce public participation
process, including EIA comment period and schedule for Town
Meetings.


.The Bahamas Gets:

* More than $20 million revenue
to the Public Treasury per year.

* $9 Million License Fee

* High paying technical jobs

* 400 construction jobs A_,


* By RUPERT MISSICK Jr
Chief Reporter
POLICE say they are not giv-
ing up on the chance of finding
a 39-year-old Abaconian alive
despite having "hit a dead end"
in the search for Andrew Sidney
Sands, believed to have been
lost at sea for 11 days.
Assistant Superintendent
Wayne Miller, who is the officer
in charge of Abaco, said that
police are "well into the search
for Mr Sands".
"We have visited the family
and are keeping communica-
tions open with the father and
checking out leads. The leads,
however, have not turned up
anything.
"We spoke to people who
saw him last, even a former
employer, who would have giv-
en us additional information.
We have hit a dead end in our
investigation," said Mr Miller.
Meanwhile, family and
friends are continuing a des-
perate search for the missing
man.
Mr Sands, who is a carpen-
ter, lives on his sailboat docked
at his parents property near
Treasure Cay, Abaco.
He was last seen on April 18
2005. His small 10-foot dingy
was also missing.
On Wednesday 20 April, the
boat was found overturned near
Whale Cay passage with its
engine missing and with only the
bow projecting out of the water.
However, police do not sus-
pect foul play.
"The thing is, no one saw him
get into the boat. We have had
dogs searching in the area of
sand banks around his liome in.
the hopes of 16cating him "as
well," said Mr Miller.
Mr Sands' family are dis-


* ANDREW Sidney Sands has been missing for 11 days


traught and have been search-
ing for him constantly since his
disappearance.
"His father is very much
involved in the search. He him-
self has contacted private pilots
to do searches around Whale
Cay and we are keeping all pos-
sible lines open," said Mr
Miller.
He said that the search is not
going to be called Qff ,any time
soon and police are appealing to
allem:in brs bof the public who
may have seen him.
Mr Stands is 5ft 6in tall,


weighs 1701bs, and has brown
hair with patches of gray.
A reward of $10,000 is
offered for information leading
to his recovery. Anyone with
information should call 242-365-
8028.

TROICA

EXERIATR


Police still




searching for




missing man


~B$li~a~qRll


PAGE 2, SATURDAY, APRIL 30, 2005


THE TRIBUNE


I^2- 602
a tMH
Sept






i^









THE TRIBUNE


SATURDAY, APRIL 30, 2005, PAGE 3


LOCALNW


Ron Pinder faces wrath of





woman 'for insulting son'




Parliamentary secretary accused of


'ranting and raving' by Abaco resident


* By CARA BRENNEN
Tribune Staff Reporter

AN apology has been
demanded from MP Ron Pin-
der by an Abaco resident who
claims he insulted two local
boys for throwing peanut
shells on the ground.
Mr Pinder was in Abaco on
April 22 to inspect the damage
caused by a recent oil spill.
However, when he was con-
tacted by The Tribune yester-
day, the Marathon MP refused
to comment on the alleged
incident. He neither confirmed
nor denied that it had taken
place.
Nettie Davies, office man-
ager of Rich's Boat Rentals in
Abaco, claimed that Mr Pin-
der lost his cool and began
"ranting and raving" because
he saw two employees her
son and the son of FNM MP
Robert Sweeting tossing
peanut shells onto the boat
ramp.
She claimed that Mr Pinder
called the boys "stupid and
ignorant" and harassed her to
the point that she was afraid.
"Mr Pinder, unidentified at
first, came to our property to


"He should

be conscious

of his

position and

behave

accordingly."


Nettie Davis
inspect the area in regards to
the recent oil spill in the har-
bour," she explained in an
open letter to Health Minis-
ter Dr Marcus Bethel.
She has also sent a copy of
the letter to Prime Minister
Perry Christie.
She said the ramp is a pri-
vate ramp which is cleaned
and maintained by the office
staff.
Mrs Davies claimed that Mr
Pinder threatened to have the
boys arrested.
"He then proceeded inside
the office and started to harass
me," she alleged.
Mrs Davies said she asked


the MP to leave the property
"at least 20 times" but he
refused.
"He strongly refused, say-
ing that he was not going to
leave and even the police
could not make him leave...
asking, 'didn't they know who
he was?'"
Mrs Davies claimed that
although they did contact
police, Mr Pinder left before
officers arrived after having a
short conversation with his dri-
ver.
Mrs Davies told The Tri-
bune that she has been trau-
matised by the experience and
is very disappointed in the atti-
tude of Mr Pinder.
"I feel that he should always
be conscious of his position
and behave accordingly, not
using his position to dictate
and harass the citizens which
he is paid to serve," she said.
She said that at the very
least, Mr Pinder should apol-
ogise for the way he treated
her.
Yesterday when shown the
letter, Mr Pinder said he
would not respond to its con-
tents, as he did not wish to
engage in a "public row."


"Copyrighted Material
Syndicated Content
Available from Commercial News Providers"


* PARLIAMENTARY secretary Ron Pinder


Prison chief's plans to reduce crowding


* By A FELICITY INGRAHAM
Tribune Staff Reporter

THE superintendent at Fox Hill
PrisonWvould drastically reduce the num-
ber of offences which people were jailed
for in a bid to tackle serious overcrowd-
ing.
Dr Elliston Rahming said: "We have
two remedies for crime in the Bahamas.
Either they are fined or imprisoned.
Consequently, we have over 200 inmates
for very minor offences offences that I
dare say, in parts of the enlightened
world, they would not be incarcerated
for.
"Like littering I wonder what they
dropped on the ground loitering and
obscene language. There's a man there
for selling guineps without permission.
So a microscopic assessment has to be
done at the prison to determine who
really is supposed to be there.
Dr Rahming was also asked why the


cat 6' nine tails was no longer used, as it
could be an effective deterrent to would-
be criminals.
"The cat o' nine tails is still there,"
said Mr Rahming. "The imposition of
the cat is not a prison matter; it is a judi-
cial matter. If a judge orders it tomor-
row, it will be used."
He added: "If I had my way, there
would be four sets of persons in prison as
a general rule. Dangerous, violent
offenders, recidivists, drugs and arms
traffickers, and corruption offenders -
people in high positions who run afoul of
the law, by virtue of the examples they
ought to set.
"Then community service, restitution,
and a number of other kinds of programs
could be implemented to avoid the con-
taminating influence that prison could
have on small time offenders."
The issue of overcrowding at Fox Hill
has been a matter of conern for some
time. Recently, a letter was sent to The


Tribune from death row inmates who open sewerage (raw human stool) on
held a hunger strike earlier this month one side no more than seven feet away,
addressing the overcrowding and health and an area where all inmates that use
issues in the maximum security build-, gallon jugs to urinate in pour it down a
ing. ; !r hold three f g the ,walkway.
The letter, in part, s~i refu i i o make -spl ofthe men
to eat the daily rations bec4' e fo^ 'smOic V im'yse i w-
is not done properly (an under61 ntemeit) My to each ot' .
and has no form of strength and nutri- "Hence, we end up bundled together
tion. It is as if they prepare the food for on any given side with our shirts or
animals, specifically a swine which eats towels covering our faces, and the
anything. stench is still too overpowering for "Copyrighted Material
"The area we presently exercise in 20 inmates and officers alike, who in turn Syndicated Content
feet in length and eight feet in width. It resemble scattering roaches scrambling Available from Commercial News Providers"
is known as the "silent killer area". It is from light."
because of the high risk of contracting The letter concludes by calling Fox
tuberculosis. We are taken out to exer- Hill prison the most idle place in the
cise six at a time within this area, which Commonwealth of the Bahamas.
is essentially a walkway from the front of The prisoners say the overcrowding
the 'big jail' to the back of the 'big jail'. and health situations should be
"So there is constant human traffic improved, as many of the persons in jail
and in very close quarters. will have the opportunity to go back into
"It is coupled with the fact that this is society. Presently, they say, the situation
the dumping area of the big jail, with there "breeds beasts".


Children go home after death of teacher


* By TIFFANY GRANT
Tribune Staff Reporter

STUDENTS and teachers of
the Jordan Prince William High
School went home early yester-
day in mourning at the death
of a teacher.
The Tribune has received
reports that the teacher of the
Baptist high school died
on Thursday evening, after


attending a function.
Details surrounding the death
are sketchy, as the school
declined to comment.
However, The Tribune
learned that the teacher was
known to students as Ms
French.
The president of the
Bahamas Baptist Missionary
and Educational Convention,
Dr William Thompson, said


that according to his informa-
tion, Ms French was a diag-
nosed diabetic.
Dr Thompson declined to
comment further, but offered
his sympathies to those who
would feel her loss.
"We express our condolences
on behalf of the Baptist Board
of Education to her family and
the school on the passing of the
teacher," he said.


SFhe PN all0-aAt- Iaath|a n


UE HTF OE TATS: XXX N


W EN 1:10 3:30


8:25 10:50


-l-. ...v I v~uv I Ill .- I o... I V. -
XXX: STATE OF THE UNION NEW 2:10 N/A 4:40 N/A 8:10 10:30
THEHITCHHICKERS NEW 1:05 3:40 N/A 1 8:20 110:45
KING'S RANSOM T 1:15 3:20 N/A 6:10 8:15 10:45
A LOT LIKE LOVE T 1:30 N/A 4:50 7:20 N/A 10:40
THE INTERPERTER C 1:00 3:30 N/A 6:00 8:25 10:45
KUNG FU HITITF 0 1:10 i.3:50 N/A 6:15 815 10:50L
AMTYVILLE HORROR T 1:35 3:35 N/A 6:20 8:25 10:50
BEAUTY SHOP T 1:05 3:35 N/A 6:05 8:20 10:55
GUESS WHO? T 1:15 3:20 N/A 6:05 8:30 10:55
SIN CITY C N/A N/A N/A 7:30 N/A 10:25
ROBOTS B 1:15 3:45 N/A N/A N/A N/A

XXX: STATE OF THE UNION NEW 1:15 3:50 6:30 8:30 10:30
KING'S RANSOM T 1:20 3:40 6:20 8:25 10:25
KUNG FU HUSTLE C 1:00 3:30 6:00 8:10 10:15
AMITYVILLE HUSTLE C 1:25 3:25 6:30 8:30 10:35


Pricing Information As Of:
29 April 2005

52wk-HI S 52wk-Low


linaCs
Financial Advisors Ltd.


ORMAT7N777


Symbol


1.20 0.95 Abaco Markets
8.40 8.00 Bahamas Property Fund
6.26 5.55 Bank of Bahamas
0.85 0.82 Benchmark
1.80 1.40 Bahamas Waste
1.04 0.87 Fidelity Bank
8.32 6.76 Cable Bahamas
2.20 1.52 Colina Holdings
8.35 6.75 Commonwealth Bank
1.64 0.36 Doctor's Hospital
4.02 3.13 Famguard
10.40 8.39 Finco
8.01 6.60 FirstCaribbean
8.60 8.31 Focol
1.99 1.27 Freeport Concrete
10.38 9.50 ICD Utilities
8.25 8.10 J. S. Johnson
6.69 4.36 Kerzner International BDRs
10.00 10.00 Premier Real Estate
52wk-Hi 2wk.-Low S vbol


Previous Close


Rid


Today's Close


0.95 0.95
8.00 8.00
6.26 6.26
0.85 0.85
1.45 1.45
1.04 1.04
8.32 8.32
2.20 2.20
8.34 8.34
1.64 1.64
4.02 4.02
10.40 10.40
8.01 8.01
8.35 8.35
1.27 1.27
9.50 9.60
8.22 8.22
5.57 5.50
10.00 10.00
lF AWB f diM


Change Daily Vol. EPS $ Div $ PIE


0.00
0.00
0.00 500
0.00
0.00
0.00
0.00
0.00 3,539
0.00
0.00,
0.00
0.00
0.00
0.00
0.00
0.10 2,000
0.00
-0.07
0.00
Ptl,. Pie eekll Vol


A i C


-0.219
1.328
0.152
-0.057
0.122
0.007
0.556
0.259
0.673
0.258
0.406
0.662
0.591
0.710
0.082
0.818
0.785
0.201
1.979
EPS $


0.000
0.320
0.330
0.000
0.000
0.040
0.240
0.060
0.410
0.000
0.230
0.490
0.330
0.500
0.000
0.405
0.550
0.000
0.350
Dlv $


Yield
0.00%
4.00%
5.27%
0.00%
0.00%
3.85%
2.88%
2.73%
4.92%
0.00%
5.72%
4.71%
4.12%
5.99%
0.00%
4.20%
6.81%
0.00%
3.50%
VYild


ozWK-M d -L.OW iym-ol s- zoAK ast rince, yVo. 41 U.V v pel
13.00 12.50 Bahamas Supermarkets 12.25 13.25 11.00 1.488 0.960 9.1 7.25%
10.14 10.00 Caribbean Crossings (Pref) 10.00 10.35 10.00 0.000 0.800 NM 7.80%
0.60 0.40 RND Holdings 0.29 0.54 0.00 -0.103 0.000 NM 0.00%
43.00 28.00 ABDAB 41.00 43.00 41.00 2.220 0.000 19.4 0.00%
16.00 13.00 Bahamas Supermarkets 13.00 14.00 13.00 1.105 0.810 14.6 6.93%
0.60 0.35 RND Holdings 0.29 0.54 0.35 -0.103 0.000 N/M 0.00%
52wk-HI 52wk-Low Fund Name NAV YTD% Last 12 Months Div $ Yield %
1.2164 1.1609 Colina Money Market Fund 1.216402"
2.2268 1.9423 Fidelity Bahamas G & I Fund 2.2268 **
10.3112 10.0000 Fidelity Prime Income Fund 10.3112****
2.2214 2.0941 Colina MSI Preferred Fund 2.221401**
1.0931 1.0320 Colina Bond Fund 1.093141**

BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price
52wk-HI Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity
52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity
Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price
Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week
Change Change In closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths
Dally Vol. Number of total shares traded today NAV Net Asset Value
DIV $ Dividends per share paid in the last 12 months NIM Not Meaningful
P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. Jantiary 1, 1991 0 I 00
** AS AT MAR. 31, 2005/**** AS AT FEB. 28, 2005
* AS AT MAR. 24, 2005/*** AS AT MAR. 31, 2005/ ***** AS AT MAR. 31, 2005


* Q


I INDEX =^


IBEAUTY SHOP


1:10


3:35


6:15 8:20 10:25


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PAGE 4, SATURDAY, APRIL 30, 2005


THE TRIBUNE


EDI SR STOHEDITOR


The Tribune Limited
NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmas of No Master

LEON E. H. DUPUCH, Publisher/Editor 1903-1914

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G.,
(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, P.O. Box N-3207, Nassau, Bahamas
Insurance Management Building., P.O. F-485, Freeport, Grand Bahama

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department (242) 502-2387
Nassau Fax: (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348



lu aa aftwil"M 0*n4 Twf% -


1 0 o


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June August 2005 3 Locations
INCLUDES

> Airfare Nassau/Havana return, meeting at airport, transfers
to Camp.
> Airconditioned dormitory accommodation, dining room
offering 3 main meals per day plus morning and afternoon
snacks
> Excursions to nearby places of interest
> Close supervision (1 Monitor to 10 Campers); Nurse on
duty at all times
> Special rates for parents at nearby hotels

Cost of 2 week stay: $625 under 12 years;
12 years plus $725

HAVE A GREAT VACATION!!!
Call ILR Grosvenor Academy Bahamaas
Tel: 323-2078 Fax: 323-6914 E-Mail: ilr@batelnet.bs


EDITOR, The Tribune

YOUR articles last week on
the proposed developments on
Harbour Island were disturb-
ing to me. Repeatedly through-
out the different articles, various
people attempted to define this
issue as being a situation of the
locals vs the winter residents.
I do not believe concern
about overdevelopment should
belong to any one group. More
disconcerting than the issue of
poorly planned development
are the efforts to pit one group
against the other. This sort of
sentiment should have no place
on this wonderful island.
For the past 40 years my
family and I have been frequent
visitors to the Bahamas. For
over 28 of those years we have
been homeowners. Beyond the
obvious beauty of the 'sun and
the sand, what has brought us
back so many times to Harbour
Island, is the warmth and kind-
ness of the Bahamian people
here on Harbour Island.
When a small minority on the
fringe try to create a "them and
us" mentality, it saddens me. I
believe they do a disservice to
their community.
I look back over my years on
Harbour Island and see that
time after time the winter resi-
dents have involved themselves
in the life of the island. When
Hurricane Andrew did such
damage, a foundation was
immediately established so non-
residents could assist those in
need.
A number of years ago when
there was no fire protection on
the island, the winter residents
raised 100 per cent of the funds
to bring a new engine and
donate it to the island.
Presently a campaign is
underway to bring a new engine
to the island and the vast major-
ity of the contributions have
come from foreigners.
The Day Nursery was started
in 1966 and each year the vast
majority of the funds needed to
run it are given by winter resi-
dents.
Two large tracks of land in
the area have been donated to
the National Trust by foreign
owners.
Whether it is the New Dun-
more School, the reopening of
the library, a new organ for the
Catholic Church or musical
instruments for the marching
band, the winter residents have
shown their willingness to
always be involved.
Year after year Dr Bud Mar-
tin, a visitor to Harbour Island,
treated those in need of medical
attention at no cost. When a
local lady was attacked and had
her face severely burned, over
two hundred thousand dollars
in funds and services were
donated to restore her life.
These are only a part of a long


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list of the involvement by non-
Bahamians in our small island
that I could point out.
The small town where I live
in Ohio happens to be of a sim-
ilar size in population to Har-
bour Island. We at home could
only wish and pray that visi-
tors would come back year after
year, employ local men and
women, build houses, pay real
estate taxes, be willing to
involve themselves in the life of
the local community and donate
to needy causes.
Those who have spoken out
about the unfortunate type of
development seen at Valen-
tine's or proposed at Romora
Bay only hope to keep the
smallness and charm that has


made Harbour Island unique.
The number of vehicles, mas-
sive construction and yacht pol-
lution certainly speak to the
need to limit growth.
If visitors wanted endless
lines of golf carts, new build-
ings twice as high as those near-
by and a polluted harbour, there
are certainly other places that
already exist where they could
go and find that environment.
With full employment on
Harbour Island why not encour-
age these developments to be
on Eleuthera, where the jobs
are so desperately needed?
This wonderful relationship
of the people on Harbour Island
has developed over many, many
years. It saddens me to see that
a small vocal group attempts to
tarnish all these efforts.

HARVEY G OPPMANN
Bay Street, Harbour Island
April 25 2005


Tribute to a



true artist


EDITOR, The Tribune

"LIKE a cloud that fades
and is gone, we humans die
and never return; we are for-
gotten by all who knew us"
Job 7:9-10.
The tears surprised me. I
was almost blinded by them.
As best I could, by continu-
ously staring at nothing out-
side the window of my
friend's moving vehicle, I
tried to hide the fact that this
"big" man was shedding a few
tears.
You see, I had just visited
my dear friend Bruce Hall at
the Princess Margaret Hospi-
tal, and he was nowhere the
same person whom I had vis-
ited with just weeks before.
That Saturday I visited
Bruce remains sharp in my
memory, but it was the day I
finally accepted the fact that
Bruce was dying.
Some of our mutual friends
had already come to terms
with it. I was the one still
clinging, stubbornly and defi-
antly, to an expectation of a
miracle.
Miracles do happen, right?
Maybe I should ask Tiger
Woods after that chip shot
from off the green for birdie
on the 16th hole of the recent-
ly concluded Masters Golf
Tournament.
I had so solemnly held out
hope that my friend and I
would once again knock
glasses over a drink of his
favourite Cuban Rum, we
would once again exchange
e-mail forwards (a steady
dose of skimpily clad young
women and spicy jokes), we
would once again sit in my
office and discuss the issues
of the day. It was just not to
be. Sometimes when we ask
God for something he says
no, and he can't be wrong.
On that Saturday afternoon


acceptance finally forced itself
on me. My friend Bruce had
become a stick figure. He had
been reduced to a toddler.
For those., who do not know
Bruce, he was a Turks Island
police officer prior to migrat-
ing to The Bahamas nearly
40 years ago.
During his sojourn with us,
he became a world renowned
craftsman, who could create
the most exquisite earring or
bracelet from almost any-
thing, especially coconut and
conch shells.
His creations were staples
in the stores of virtually every
gift store on Bay Street. His
work was featured in several
European newspapers/maga-
zines. He proudly showed me
some of them as the ultimate
affirmation of his mastering
his craft.
He rubbed shoulders with
the monied-class but never
took his feet off the ground.
At the end of each day he
always came home to himself.
His passion for education was
only equalled by his love of
life. Trust me Bruce knew
how to live! His intellectual
prowess and pure knowledge
could lead one to conclude
that he was an Ivy League
graduate.
A special virtue in so
engaging a personality as
Bruce, was his infectious
sense of humour. His com-
mand of the Queen's English
was exceeded by none I
know.
I mourn the passing of
Bruce. His was a very hum-
ble, but exceptional life.
I extend my prayerful con-
dolences to his children and
other relatives.
Rest in peace, my brother!

JERRY ROKER
Nassau
April 20 2005


Friendship





of Harbour





Island folk


NOTICE
NOTICE is hereby given that DEMITRIS SALVARIS, P.O. BOX
N-4863, NASSAU, BAHAMAS, is applying to the Minister
responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and that
any person who knows any reason why registration/ naturalization
should not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 23RD day of
APRIL, 2005 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.


WINDNOG BAY
w ACO. OAAMAl

REAL ESTATE SALES REPRESENTATIVE

The Abaco Club on Winding Bay, a spectacular 520 acre
International Members Golf & Sporting Estate on Abaco,
is seeking a senior-level REAL ESTATE SALES
REPRESENTATIVE. Candidates must have a minimum
of 2 years sales experience with a track record of success.
Real estate license is preferred. Successful candidate
must have exceptional communication skills, both verbal
and written. Must be personable, professional and willing
to commute or relocate to Abaco. The Abaco Club's
estate lots range from $875,00 to over $4 million. A
handsome package is available. Please email cover letter
and resume to info@theabacoclub.com or fax to 242-
367-2930, Attn.: Sales & Marketing.


I


r


o -









THETIBUNAUDAARL0L05,IBPAGNEBB


WHY YOU VEX?

* By CARA BRENNEN
Tribune Staff Reporter
"I am vexed at the way people treat some
WHY YOU VEX7 ? senior citizens in this country. I heard on the
x LLY YOU VEX news that it was supposed to be senior citizen
month or something like that.
"I vex because I gone stepping up to the "Well, I was in a fast food restaurant on Sun-
movies at 6.15pm to watch a 6.25pm day buying breakfast and this old man
movie only to find that the movie came in with a walking stick and
started at 6pm. was standing on the side of the
"So I said to the lady well counter and the cashier
you know that on the asked him if she could
phone recording it says/ helphim.
it starts at 6.25 and she "Now the lines were
said, 'yes but the very long, and the
paper says 6.00.' man asked if he
"So I said that is/U could just get a
a discrepancy and cup of coffee.
she was like: 'Yes "So the cashier
we know.' No said 'Oh yes,
apology, no you don't have
nothing just to wait in the
'yeah we know.' line,' and she
"I was so got the coffee.
mad because I .I thought that
hate missing the4 was very nice
beginning of a ofher.
movie. "Well, you
"Then I go should have
inside and order heard how the
food and Isaid to people was
the lady, 'May I cussing at the
have some extra old man, 'bout
napkins. She gave how he can't jump
me one napkin. I the line, who he
spent over $10 and think he is and all
she gave me one nap- that.
kin. What is that? "I was so upset, I
"I hate when you go to have a grammy and aun-
fast food places and they ties and uncles and I hate
want to be so stingy with nap to think of someone treating
kins and ketchup and cups. If I them like that.
did not need it, I would not have asked "It is a shame that we do not have
for it. more respect for the elderly."
"And I am not some maniac who steals these
things just for the fun of it." Allison Pratt
Camperdown


Vex at the Movies
"I am tired of crazy people who want be all
up in your personal space. You know those
people who want to be hugging and kissing
you. Are you my family? No. So leave me
alone!"
Glenda Brown
Kemp Road


WHY YOU HAPPY ?

"I went to the bank on Thursday and was in
a hurry. A woman who is retired let me in front
of her. She said she was grateful she can help a
working person and I was happy."
JD Grant


Delta announces



increased flights



from US to Nassau


SATURDAY
APRIL 30
12:30 Inside Hollywood
1:00 Barber Shop Critics
1:30 Sports Lifestyles
2:00 In This Corner:
Jote Cortez
2:30 Sports Desk
3:00 Ballroom Boxing
4:00 Cricket World
4:30 Exuma: First Light 52nd
Annual National Family
Island Regatta
6:00 Eye On Health
7:00 Bahamas Tonight.
7:30 Native Stew (Rebroadcast)
8:00 52nd Annual National Family
Island Regatta Update
8:30 Closing Ceremony: 52nd
Annual National Family
Island Regatta
10:30 Bahamian Things
11:30 The Darold Miller Show
11:45 Immediate Response
12:30 Community Pg. 1540AM

SUNDAY
MAY1
2:00 Community Pg. 1540AM
9:00 E.M.P.A.C.T.
9:30 Voice That Makes The
Difference
10:00 Effective Living
10:30 Morning Joy
11:00 Zion Baptist Church
1:00 Ernest Angley Ministries
2:00 News In Review
3:00 Health For The Nation
3:30 Ernest Angley Ministries
4:30 Morning Joy
5:00 Walking In Victory
6:00 Caribbean News In Review
6:30 Listen Up
7:00 Bahamas Tonight
7:30 Holy Hip Hop
8:00 Zion Baptist Church 170th
Anniversary
10:00 Evangelistic Temple 70th
Anniversary
10:30 Spiritual Impact: Xemona
Clayton
11:00 Bahamas Tonight
11:30 Gospel Video Countdown
12:30amComm. Pg. 1540AM

NOE ZST13rsve


M By NATARIO McKENZIE
AIRLINE giant Delta is set
to add several smaller carriers
to its flight services between the
US and Nassau beginning next
month.
According to Delta supervi-
sor Robert Powell, the airline
will begin the operation of four
additional flights to Florida in
the coming months.
Delta currently operates 11
flights between New Providence
and the United States Mr Pow-
ell said.
"We are starting two addi-
tional flights to Fort Lauderdale
in May and two to Tampa Bay
Florida in June," said Mr Pow-
ell.
"We will be using our 37 to
50-seat RJ's, which are our
smaller commuter flights.
The said Delta is planning to
run the new flights "on a con-
tinual basis, given that they
prove successful".
Delta currently offers services
between Nassau and Atlanta,
New York, and Orlando.
"Our biggest problem right
now is trying to get airlift out
with the demand that we have
and the fact that the airport is
just so saturated with air-
planes," said Mr Powell. "That
is why we are trying to split up
the flight into these additional
services to give us some lee-
way."
According to Mr Powell the
smaller jets will accommodate
passengers in the early morn-
ing as well as the afternoon.
"We can't run any more
flights in the middle of the day
simply because the airport is so
saturated right now, although
the lift is there, so rather than
put another one of our big jets
into the service we decided to
split up the service to accom-
modate the people," he said.
According to Mr Powell,
Delta accommodates around



m lii-eFnici'e


1,300 passengers daily in its ser-
vices to New Providence.
He said that that figure would
increase with the coming addi-
tions to its services.


* THE modern Atlantis could its naming be more apposite than at first thought?



Explorer seeks funds



to prove Atlantis was



once in the Bahamas


A CANADIAN man is seeking funding to
help him prove that the lost continent of
Atlantis once existed where the Bahamas is
now found.
Chris Shearer.has sent out an appeal to "a
man with money and a dream" to fund his
expedition to discover the1 sife of the' ancient
and advanced and many say fictibnal'- civil-
isation.
Atlantis is said to have been lost in a cata-
clysmic flood almost 12,000 years ago.
The only original reference to the myth is by
the Greek philosopher Plato in his dialogues
Timeaus and Critias, written around 500BC.
While attempting to uncover secrets of the
legendary Bermuda Triangle, Mr Shearer stum-
bled upon a picture of what he believes are
the concentric walls and a canal system which
mark where Atlantis once existed.
According to Mr Shearer, hurricanes Frances
and Jeanne in 2004, as well as hurricanes and
tropical storms of the previous years have
removed layers of sedimentary sand from the


site, revealing the location of Atlantis.
In the 1930s, world renowned psychic Edgar
Cayce was quoted as saying that parts of
Atlantis would rise in 1968 or 1969 and indeed
they did, Mr Shearer claims.
In the same decade, the 'Bimini roads' were
-discovered along with under water temples
which are now allegedly also visible.
According to Aaron DuVal, President of the
Egyptology Society in Miami, Florida, the ruins
of temples dating back 12,000 years have also
been found near Bimini.
"Preliminary analysis has revealed that the
original structures, although smaller in size
than the great pyramid of Giza, appear to have
been more advanced.
"Casing stones have been measured which
are of the same unique angle as those at the.
great pyramid," he said.
Mr Shearer said that he has done extensive
research on the subject and has come to the
conclusion that what he has discovered is in
fact the lost city and continent of Atlantis.


O*


S "Copyrighted Material .
Syndicated Content
Available from Commercial News Providers"


Si Courier

* I Sales Executive/Business
Development Manager


Please Fax Your Resume To 393-4570
Or Drop Off At Global United's
Claridge Road Office


Bahamas Supermarkets Limited, operators of City Markets, Nassau has
openings for the position of Management Trainee.
The successful applicant will have at least 2 years experience in retail
management and 2 years experience in merchandising, buying or marketing.
The applicant will have strong inter-personal skills, is a self-motivator and
has effective supervisory skills. The completion of secondary school with
a minimum of 3 BGCSE and some computer literacy is required. The position
requires the ability to work a flexible schedule including weekends and
holidays.
Salary and benefits will be commensurate with experience and qualifications.
Please send a covering letter and resume together with references from past
employers, a picture and police background check to the Human Resources
Manager, P.O. Box N-3738, Nassau, Bahamas.
NO PHONE CALLS PLEASE
Only qualified applicants will be contacted.


SATURDAY, APRIL 30, 2005, PAGE 5


THE TRIBUNE















Bahamian culture makes its mark




at conference in Fort Lauderdale


WE had the privilege
a week ago to be
invited to participate in a posi-
tive cultural experience in Fort
Lauderdale, Florida. That
event, the 2005 Pan African
Bookfest and Cultural Confer-
ence, showcased the tremen-
dous strides made by black peo-
ple in this hemisphere since
their ancestors' emancipation
from slavery roughly 172 years
ago.
Spearheaded by the Broward
County Library and Parks and
Recreation Division and
Broward Community College,
in conjunction with Florida
Atlantic University and the
Florida African Heritage
Preservation Conference and
its host sponsor, The Miami
Herald presented the third
annual offering of the event
from noon to 7pm last Satur-
day.
The venue for the same was


the Samuel Delevoe Park and
the African-American Research
Library and Cultural Centre,
located at 2650 Sistrunk Boule-
vard.
Last Saturday's free family
event featured local, regional
and international authors,
including Baba Wague Diakite,
an award-winning artist and sto-
ryteller of such noted children's
books as Jamari's Drum.
Special events included spo-
ken word performances, book
discussions, storytellers, arts and
crafts, Afro-Caribbean dance
presentations, African drum-
ming, an emancipation circle
segment that featured African-
Diaspora countries, and other
cultural presentations.
The extent of our own par-
ticipation involved being inter-
viewed by the Caribbean
Broadcasting Network, a tele-
vision station and representa-
tives of the print media. Dur-
ing the course of these inter-


VIEWPOINT
.. .. .. .. .. .. .. .


G EOR G E

views, we were afforded the
privilege of discussing the con-
tents of our book Millennium
Perspectives. .
A huge rectangular tent sur-
rounded with tables displaying
books from the various coun-
tries represented and, in many
instances, with their authors
present, was the venue for the
bookfest.
Although we were the only
local writer present, the
Bahamian table showcased the
books of many Bahamian
authors, included among whom
were Sir Clifford Darling, Dr
Gail Saunders, and the late Sir
Randol F Fawkes and Sir Lyn-
den 0 Pindling, among others.


M A


C K EY


D uring programme's
emancipation circle
segment, we were invited to
address those in attendance and
in the broadcast audience on
the progress of black Bahami-
ans during the past 172 years.
In the process, we -were proud
to emphasise the remarkable
progress that the descendents
of both slaves and their slave
masters have been able to
achieve in race relations in The
Bahamas during this period.
The Bahamian book table
was professionally manned by
staff members of The Bahamas
Consulate General Office in
Miami, Florida, ably headed by


Real World stars hit Breezes

STARS from MTV's hit series
The Real World were guests at
Breezes in Cable Beach.
The show, which is now in its fif-
teenth season, follows seven
strangers who live together in a
house while having their lives
Stamped.
Visiting The Bahamas were
Trishelle Cantella from season
twelve in Lga Vegas, who has also
appeared on season two of The
Surreal Life, Adam King from sea-
son thirteen in Paris, and Landon
Lueck from season fifteen in
..Philadelphia, which is presently
being aired.
After appearing on The Real
World, the cast members began
working as promoters with
StudentCit om, one' of the largest
spring break tour operators in the
United States.
ADAM, Breezes' Jaton
Johnson, Breezes' Miranda
Adderley, Trishelle, Landon, and
Breezes' Yasmine Mills


THE BAHAMAS CONFERENCE
OF THE METHODIST CHURCH
mm o Hillside Estates, Baltic Avenue, off Mackey Street
P.O. Box SS-5103, Nassau, Bahamas
Phone: 393-3726/393-2355/Fax: 393-8135
X l CHURCH SERVICES
D SUNDAY, MAY 1, 2005
FIFTH SUNDAY AFTER EASTER
ASCENSION METHODIST CHURCH, Prince Charles Drive
11:00 a.m. Rev. Dr. Laverne Lockhart/ HC
COKE MEMORIAL METHODIST CHURCH, Bernard Road
11:00 a.m. Pastor Sharon Loyley/ HC
CURRY MEMORIAL METHODIST CHURCH, Zion Boulevard
10:00 a.m. Rev. Manette Poitier/ HC
7:00 p.m. Mr. Carl Knowles
EBENEZER METHODIST CHURCH, East Shirley Street
11:00 a.m. Pastor Martin Loyley/ HC
7:00 p.m. Pastor Martin Loyley
GLOBAL VILLAGE METHODIST CHURCH, Queen's College
Campus
9:30 a.m. Rev. James Neilly/ HC
ST. MICHAEL'S METHODIST CHURCH, Churchill Avenue
I 8:00 a.m. Connections Rev. Philip Stubbs
9:30 a.m. Rev. Philip Stubbs/ Hc
TRINITY METHODIST CHURCH, Frederick Street
11:00 a.m. Rev. William Higgs/HC
7:00 p.m. Rev. William Higgs
RADIO PROGRAMMES
"RENEWAL" on Sunday at 10:30 a.m. on ZNS 1
Your Host: Rev. William R. Higgs
"METHODIST MOMENTS" on each weekday at 6:55 a.m.
Your Host: Rev. William R. Higgs

12th ANNUAL GENERAL CONFERENCE will be held at the Tarpum
Bay Methodist Church and Ingraham's Beach Inn and hosted by the
South Eleuthera Region. Please pray with us that the theme for this
Conference. "Building Each Other Up" (1 Thessalonians 5: 11) will
be our shared experience as we meet in Tarpum Bay in May 24 29,
2005.


(www.gtwesley.org)
SUNDAY, MAY 1ST, 2005
7:00A.M. Dr. Colin Archer/ Jamicko Forde
11:00A.M. Dr. Colin Archer/ Nathalie Thompson
7:00P.M. Prayer & Praise (All Preachers)
Anua Curh ai Studa 0th pri, .o t .6:00.m


Sunday School: 10am
Preachering 11am & 7:30pm
Radio Bible Hour:
Sunday 6pm ZNS 2
Wed. Prayer & Praise 7:30pm


FUNDAMENTAL
EVANGELISTIC
Pastor:H. Mills


"Preaching the Bible as is, to men as they are"
Pastor: H. Mills Phone: 393-0563 Box N-3622


Collins Avenue at 4th Terrace Centreville
Telephone: 322-8304 or 325-1689 P.O. Box N-1566
Fax No. 322-4793


SUNDAY


8:30am ZNS-1
8:30am
9:45am
11:00am
7:00pm


WEDNESDAY 7:30PM


Temple Time Broadcast
Early Morning Worship
Sunday School For All Ages
Worship Service
Evening Celebration

Selective Bible Teaching Royal
Rangers (Boys Club) Ages 4-17 Years
Missionettes (Girls Club) Ages 4-17.


VISIT OUR PREMISE BOOKSTORE, TEMPLE BIBLE & BOOK SUPPLY


our Consul General Mrs Alma
Adams. Here, we wish to pub-
licly thank them for their gra-
cious hospitality and willing
assistance rendered us while in
Fort Lauderdale for this event.
Author panels featured
Queen Quet, Chieftess of the
Gullah Geechee Nation;
MaVynee Betsch, the "Ameri-
can Beach Lady"; Maude Storr,
an author from the area; Pro-
fessor Leslie Manigat, former
president of Haiti; Dr Carolyn
Cooper and Professor Gordon
Rohlehr, University of the West
Indies; and Robert Roots with
the Writers Playhouse panel,
highlighting the stories of more
than two dozen published
authors from Charles Drew
Middle School in Miami.

Participants at the Book-
fest were also able to
visit the Culture Caf6, which
featured African libation, cool
jazz and Pan African music, a
Hair Religion presentation, and
an African Ancestry Family
Reunion featuring Dr Rick Kit-
tles, geneticist and co-founder
of African Ancestry Inc of
Washington DC.
Children's activities included
Pan African Masquerade,
Books-In-Action dramatisation
of contemporary literature, ora-
torical presentations, Peer Pro-
duction book making activities,
and Bounce for Books give-
away. "For Grown Folks", a
Steppin' Workshop and
Demonstration by South Flori-
da Steppers was also presented
later that afternoon.
At 3pm on Saturday, a 2005
Pan African Bookfest Pre-Con-
ference Children's Literature
Workshop featuring Diakite
was held at the African-Ameri-
can Research Library and Cul-
tural Centre.
At this event, Dialite intro-
duced his native Mali via with a
slide; prsentifon that high-'
lighted the geography, ethnic
groups, arts and livelihoods of
the West African country.

Beginning on Saturday,
and running through
Thursday of this week, "The
Colours and Texture of Our
Legacy" was sponsored by
Ancestral Legacies.
This presentation celebrated
and displayed the rich and
proud heritage of the African
Diaspora through traditional
and modern textiles, sculptures,
poetry, utilitarian art and musi-
cal instruments.


Worship time: 11am & 7pm
Sunday School: 9:45am


Place: Twynam Heights
off Prince Charles Drive


Rev. Henley Perry

PO. Box SS-5631
Telephone number: 324-2538
Telefax number: 324-2587

COME TO WORSHIP, LEAVE TO SERVE



LIGHT AND LIFE COMMUNITY CHURCH
Grounded In The Past &
Geared To The Future

Worship time: 11am & 7pm
Sunday School: 9:45am
Prayer time: 6:30pm
Place:
The Madeira Shopping |K
Center
(Next door to CIBC) Rev. Dr. Franklin Knowles

ALL ARE WELCOME TO ATTEND

Pastor: Rev. Dr Franklin Knowles

P.O.Box EE-16807
Telephone number 325-5712
EMAIL lynnk@batelnet.bs


CENTRAL GOSPEL CHAPEL
CHRISTIE & DOWDESWELL STREETS Tel: 325-2921
SUNDAY. MAY 1ST, 2005

11:30a.m. Speaker: Elder Sidney Burrows

7:00p.m. Evening Service
SSundaySchool-9:45am *The Lord's Supper-10:45am Community Bible Hour
-11:30am Radio Broadcast ZNS II 1:30pm Evening Services- 7:00pm
Prayer & Bible Stud Wed. 7:30pm Ladies Prayer Thurs. 10:00am


PAGE 6, SATURDAY, APRIL 30, 2005


THE TRIBUNE


Other events on the 13-day
programme included Cultural
Network, an evening of net-
working and cultural presenta-
tions by multidisciplinary artists;
the Florida African-American
Heritage Preservation Confer-
ence, workshops on folk life,
heritage preservation, and fund-
ing; an African-Brazilian Dance
Workshop; the Florida African
Heritage Conference, special
collections and community his-
tory presentation.
On Tuesday of this week, a
Caribbean Dance Celebration,
featuring the national dance
companies of Guyana, Trinidad
and Tobago, and the regional
dance companies of Haiti and
Jamaica, was presented at the
North Miami Beach Perform-
ing Arts Centre, 17011 NE 19th
Ave, North Miami Beach.
In addition, the Pan African
Bookfest Reception, featuring
authors and special guests held a
closing presentation, book sign-
ing and reception by Nikki Gio-
vanni, noted poet and author.
Venue for this event was the
African-American Research
Library and Cultural Centre.

L ast Saturday's pro-
gramme of varied pos-
itive cultural expressions was
preceded by a magnificent per-
formance by the National
Dance Company of The
Bahamas, under the able direc-
tion of Mr Robert Bain, ren-
dered at the Byron Carlyle The-
atre, located at 500 71st Street
on Miami Beach.
The spectacular event was
performed before a capacity
audience that included mem-
bers of the Caribbean Consular
Core, who, according to Mrs
Adams, were still raving about
the same earlier this week.
Meticulously trained in tra-
ditional Bahamian folk, ballet,
ethnic, junkanoo, modern and
cbntemporiry forms reflecting
our local culture, these talented
ambassadors did The Bahamas
proud with their talented dis-
play on that occasion.
There could not have been a
more fitting event with which
to herald the commencement
of the positive cultural experi-
ence that was this year's Pan
African Bookfest and Cultural
Conference.
(George W Mackey's book
"Millennium Perspectives", a
compilation of Viewpoints and
other interesting topics, is avail-
able at bookstores locally.
E-mail: georgewmackey@
hotmail.com)








TH TRLUECATRDYARIN3,W00, AGI


Available from


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Commercial News Provide


NO


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Police investigating armed




robberies in Freeport


* By DENISE MAYCOCK The manager reported that They reportedly forced the nine inches and six feet tall. pistol, but no ammunitio
Tribune Freeport Reporter the suspect fled the scene in a security guard to lie down on Investigations are continuing Police investigations ar
cream coloured van, which was the floor, and one of the men into the matter. continuing.
FREEPORT GRAND later spotted by police in the jumped over the counter and A man armed with a .380 pis-
Bahama police are investigat- Tasman Close area. demanded cash from the tol and firing shots off in the
ing two separate incidents Superintendent Basil Rah- employees. Freeport area was apprehended
of armed robbery which ming said officers have taken After he failed to open the by police. TT Ifl FUTNTT
occurred at a retail store and a one man into custody, and that cash registers, the gunman Police received a call from a KEMP'S FUNE
fast food restaurant in the he is assisting with the investi- searched the customers, after concerned citizen around
downtown area of Freeport this gation. which both men fled on foot. 2.15pm Wednesday who said a Est
week. Police are also investigating man was walking through
A gunman entered Fabric a robbery incident at Wendy's Suspect Faucet Lane firing shots from P.O. Box N-1222, 2
Unlimited at the Town Centre on Mall Drive. V a handgun. Nassau,
Mall just after 3.30pm on According to police, two Patrol units were dispatched
Wednesday and robbed her of masked gunmen entered the They were described as being to the scene, where police
an undetermined amount of establishment just before 8pm of slim build with a Bahamian arrested a black man found
cash. Wednesday. accent and between five feet in possession of a I 300O 380


n.
re


IVXS


ERAL HOME LIMITED
ablished 1950
2 Palmdale Avenue, Palmdale
N.P., The Bahamas

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Mr. Fred A. Hazlewood, President of The John Bull Group
of companies is pleased to announce the appointments of
several persons who have exceeded expectations and who
continue to dedicate and commit themselves to the intense
standard required and appreciated by the John Bull Group
of Companies.
"It gives me great pleasure to promote persons in our
company who have pursued the knowledge, achieved the
talent, and clearly see the vision of the company moving
forward and to be a part of that success." said Mr. Hazlewood.

The John Bull Group of Companies has a Tradition of
Shopping Excellence Since 1929 and continues to strive for
the best towards its valued customers and all its employees.
Therefore, acknowledging dedication and hard work of
employees, the Following persons have being appointed by
Mr. Fred. A. Hazlewood as Directors effective 14 April,
2005 in the respective areas.

Mr. Duane G. Roberts, appointed CEO/ FinancialDirector
Director Business Development Mrs. Inga A. Bowleg
Corporate Director Mr. Rick A. Hazelwood
Director of Operations Mr. Andrew T.W. Roberts


HAZIEL L.
ALBURY

of Man -0- War Cay,
Abaco went home to
be with his Lord on
Saturday, 9th of April,
2005.

He is survived by his
wife, Mary.Four
daughters and their
husbands- Minerva
and Billy Lowe, Denise and Wallace McDonald,
Walter and Winnie Sweeting and Martha and
Richard Roberts.
Thirteen grandchildren Bruce, Paul, Jeff,
Valerie and Dee Dee Lowe, Patti Mikhael,
Charmaine and Madeline Albury, Haziel
McDonald, Fred and Junea Sweeting and Rich
and Peter Roberts. Ten grandchildren in law -
Eve, Shann, Heather and Dita Lowe, Dr. Sam
Mikhael, Glenn and Dave Albury, Cheryl
McDonald, and Netica and Rebekah Roberts.
Thirteen great grandchildren Sheila, Andrew,
Sarah, Wayne, Alyssa, and Tommy Lowe, Annie
Mikhael, Cassie and Micah Albury, Shauna
McDonald, Makayla, Felicia and Aaliyah
Roberts. One sister Florrie Albury
Three brothers in law '~ Ritchie and Hilland
Albury and Harcourt Thompson
Seven sisters in law ~ Lois, Sarah, Patricia,
Sylvia, Kathryn, and Elizabeth Albury and Vashti
Thompson and many other relatives and
friends.

Funeral services were held at the Man -0- War
Gospel Chapel on Monday, 11th April, 2005.

In lieu of flowers, donations can be made to
The Haven P.O. Box SS 6106 Nassau,
Bahamas.
\____________


SATURDAY, APRIL 30, 2005, PAGE 7


* BY DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT UNEMPLOY-
MENT in Grand Bahama was
at almost 10 per cent last year.
Newly released figures from
the Department of Statistics
show that of the 26,465 persons
making up the Grand Bahama
labour force, 2,465 were jobless
last year 9.3 per cent of the
population.
The data was collected dur-
ing last year's Labour Force Sur-
vey, which is conducted annu-
ally in the Bahamas to deter-
mine the labour force size and
composition, and the average
household income.
This week, 25 enumerators
and five supervisors were sworn
in for the 2005 survey, which is
set to take place from May 2 to
20.
The group is expected to visit
about 800 households on Grand
Bahama. Similar exercises will
also take place in New Provi-
dence, Exuma, and Long Island.
According to statistics in 2004,
Grand Bahama's total work-
force is comprised of 13,970 men
and 12,495 women.
The number of employed
labour force recorded was
24,000, made up of 11,175
female and 12,825 male. This
represented a total employment
rate of 74 per cent.
Of 2,465 unemployed persons,
1,320 were female and 1,145
were male.
Deputy Registrar General
Alonzo Lopez told enumerators
that they are vital to the coun-
try's economy.
The information gathered
assists the government in estab-
lishing new development pro-
grammes and youth facilities.
Under Section 19 of the Sta-
tistics Act, failure to furnish
information to enumerators
incurs a $100 fine or three
months imprisonment. The fine
is doubled in the case of a repeat
offender. .
, Anyone giving false informa-
tion faces a $200 fine and six
months imprisonment.


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THE TRIBUNE








rAUt b. MUNUAY. MAY ;. 0UUb


CITCO BANK AND TRUST COMPANY (BAHAMAS) LIMITED

BALANCE SHEET
AS OF DECEMBER 31, 2004
(Expressed in United States dollars)


ASSETS
Cash and due from banks
Demand others
Demand related parties
Time others
Time related parties
Other receivables and prepayments (Note 3)
Customer advances (Notes 8 and 9)
Due from related parties (Note 6)
Fixed assets (Note 4)
TOTAL

LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES:
Customer deposits
Demand others
Time others
Time related parties
Other payables (Note 5)
Due to related parties (Note 6)
Total liabilities
SHAREHOLDERS' EQUITY:
Share capital:
Authorized, issued and fully paid:
5,000,000 shares of $1 each
Retained earnings
Total shareholders' equity

TOTAL


2004


$ 160,145
39,898,640
o -
29,046,969
1,175,149
42,869,308
2,841,271
151,691


2003


$ 295,253
99,577,753
180,000,000
38,753
1,048,548
31,275,683
3,613,042
144,842


$ 116,143,173 $315,993,874


5,402,026
94,431,242
1,185,208
285,071
131,880
101,435,427


5,000,000
9,707,746
14,707,746


1,235,358
300,758,287
659,398
433,520
29,282
303,115,845




5,000,000
7,878,029
12,878,029


$ 116,143,173 $315,993,874


See notes to balance sheet.

The balance sheet was approved by the Board of Directors on February 7, 2005 and is signed on its
behalf by:


aw~uw e uc&mann
Director


i. rctor R d
Director


NOTES TO BALANCE SHEET
AS OF DECEMBER 31, 2004


1. GENERAL

Citco Bank and Trust Company (Bahamas) Limited (the "Bank"), which is a wholly-owned
subsidiary of Citco Banking Corporation N.V., a wholly owned subsidiary of The Citco Group
Limited (the "Parent"), a Cayman Islands company, was incorporated under the laws of the
Commonwealth of The Bahamas on October 10, 1997, and is licensed to conduct banking and
trust business from within The Bahamas.

The number of persons employed by the Bank as of December 31, 2004 was 7 (2003: 5).
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of the significant accounting policies followed by the Bank:

a. Basis of accounting and presentation The above balance sheet has been prepared in
accordance with applicable International Financial Reporting Standards. All
transactions and balances described in the balance sheet as "related parties" relate to
The Citco Group Limited and its subsidiaries.

b. Base currency and foreign currency translation All amounts in the balance sheet is
expressed in United States dollars. Monetary assets and liabilities in currencies other
than the United States dollars are translated into United States dollars using year-end
rates of exchange.
c. Customer advances Customer advances are carried at amortized cost. Customer
advances are due on demand. Customer advances t non-6affiliated customers are fully
collateralized by investment securities hel by the Bank on behalf of borrowers.
Accordingly, the Bank has hot established a provision for impairment.

d. Fiduciary accounts and assets under administration Fiduciary accounts and other
assets of customers held or administered in a trustee, nominee, custodial or as collateral
for customer advances are not included in the balance sheet.

e. Cash and cash equivalents Cash and cash equivalents include demand and time
deposits with maturity periods of less than 180 days.

f. Forward currency contracts Forward currency contracts are valued using the forward
rate for the remaining period to maturity as of the last business day of the financial year.

g. Employee benefits The Bank makes contributions to a defined contribution pension
plan for its employees. The Bank's contributions to the plan are charged, to the
statement of income in the period to which they relate.


h. Fixed assets Fixed assets are stated at historical cost less accumulated depreciation.
Depreciation is computed on a straight-line basis over the following estimated useful
lives:


Leasehold improvements
Office furniture and equipment
Motor vehicles
Computer equipment


10 years
4 years
4 years
3 years


i. Income taxes No income tax is levied on companies in The Bahamas and, accordingly,
no provision for income tax is reflected in the balance sheet.

j. Use of estimates in the preparation of the balance sheet The preparation of balance
sheet in conformity with International Financial Reporting Standards requires
.management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date of the
balance sheet. Actual results may differ from those estimate."
3. OTHER RECEIVABLES AND PREPAYMENTS

Other receivables and prepayments comprise the following:


2004


Accounts receivable from clients
Less: bad debt provision

Disbursements recoverable from clients
Accrued custody fees
Other receivables
Prepaid expenses


4. FIXED ASSETS

Fixed assets comprise the following:


$ 401,381
(191,993)
209,388
16,525
623,727
244,420
81,089


2003

$ 353,571
(161,078)
192,493
17,621
530,471
205,096
102,867


$ 1,175,149 $ 1,048,548


2004
Office
Leasehold Furniture & Motor Computer
Improvements Equipment Vehicles Equipment Total


COST:
At January 1, 2004
Additions
Disposals
At December 31, 2004

ACCUMI4LATED
DEPRECIATION:
At January 1, 2004
Disposals
Charge for the year
At December 31, 2004

NET BOOK VALUE:
At December 31, 2004

At December 31, 2003


$ 98,130 $ 114,535
14,073
(14,781)
98,130 113,827


19,523

9,827
29,350


81,933
(14,781)
18,242
85,394


$ 62,376
39,995
(35,168)
67,203



40,232
(35,168)
14,018
19,082


$ 68,780 $ 28,433 $ 48,121

$ 78,607 $ 32,602 $ 22,144


$ 34,766
2,183

36,949



23,277

.7,315
30,592


$ 6,357

$ 11,489


$ 309,807
56,251
(49,949)
316,109



164,965
(49,949)
49,402
164,418


$ 151,691

$ 144,842


5. OTHER PAYABLES

Other payables comprise the following:



Accounts payable
Deferred income


6. DUE FROMITO RELATED PAI1TES


2004


$ 285,071 $ 265,734
167,786
$ 285,071 $ 433,520


The amounts due from related parties of $2,841,271 (2003: $3,613,042) are due from other
members of the Citco Group and relate to costs incurred by the Bank on behalf of these
entities. The balances are non-interest bearing and there are no specified terms of repayment.

The amounts due to related parties are made up as follows:


2004


Amount due to Parent
Amount due to related parties


7. MATURITIES OF ASSETS AND LIABILITIES


2003


$ $ 26,544
131,880 2,738
$ 131,880 $ 29,282


The scheduled maturities of the Bank's fixed term assets and liabilities from December 31,
2004 to the contracted maturity are as follows:

Assets Liabilities


Due within one month


$ 29,046,969 $ 95,066,805


The assets comprise due from banks time. Liabilities include customer deposits time.

In 2002, the Bank entered into a loan agreement with one of its customers. As at December
31, 2004, the value of the loan is $631,891 (2003: $633,786) and the scheduled maturity of the
loan to the contracted maturity is over 12 months.
8. CONCENTRATION OF ASSETS AND LIABILITIES

The primary concentration of the Bank's assets as at December 31, 2004 are in the
Netherlands Antilles and The Bahamas, where approximately 76.8% (2003: 42.5%) of the
Bank's assets are invested. More than 62% (2003: 30%) of the Bank's assets are with related
parties.

The primary source of the Bank's liabilities as at December 31, 2004 are in The Bahamas and
the Caribbean, where 94% (2003: 92%) of the Bank's depositors are registered, representing
99% (2003: 91.9%) of total liabilities.
9. CUSTOMER ADVANCES


2004


Customer advances gross
Less: risk share agreement


2003


$ 80,853,933 $ 57,528,653
(37,984,625) (26,252,970)


$ 42,869,308 $ 31,275,683

Pursuant to an agreement between the Bank and one of its affiliates, the affiliate agrees to
assume from the Bank a portion of the risk of the credit facilities the Bank grants to certain of
the Bank's customers. The amount assumed by the affiliate is determined on the credit facility
extended by the Bank to its customer. The risk amount assumed by the affiliate bears an
interest rate of 1.25% per annum. The agreement expires when the credit facility between the
Bank and its customer expires. At December 31, 2004, the risk amount assumed by the
affiliate is $37,984,625 (2003: $26,252,970) and the interest amount paid to the affiliate during
the year is $294,155 (2003: $179,885). Included in Cash and due from banks demand -
related parties is $37,984,625 (2003: $26,252,970) being restricted cash balance held by the
Bank against these obligations.
10. CUSTOMER ADVANCES GUARANTEE

As of December 31, 2003, the Bank had a non-performing credit facility, which is being
disputed by the debtor, in the amount of $668,823. In December 2003, the Parent agreed to act
as Guarantor for this facility guaranteeing its repayment, plus any and all accrued interest and
related costs. The guarantee is valid for one year and will be automatically extended from year
to year, unless a written cancellation has been sent by the Guarantor at least ninety (90) days
before the yearly due date. In case of cancellation by the Guarantor, the guarantee will cover
the previous obl.gatiqns:rising ft;omruse ofthOigarn, tee i the B up tdka total amount of ,
$668,823 plus interest arid cost. As 6f December 31, 2004, this guarantee has been
automatically extended.
11. PENSION FUN6ICONTRIBIhfJIONS"' .'-" p -,

The Bank contributes towards a defined contribution plan.
12. RISK MANAGEMENT

The Bank engages in transactions that expose it to various types of risk in the normal course of
business. These risks include fiduciary, liquidity, interest rate and credit risks. The Bank's
financial performance is dependent on its ability to understand and effectively manage these
risks.

Fiduciary Risk:

The Bank provides custody, trustee, corporate administration and advisory services to third
parties. These activities give rise to fiduciary risk that the Bank may fail in carrying out
certain mandates in accordance with the wishes of its customers. To manage this exposure,
the Bank generally takes a conservative approach in its undertaking,

Liquidity Risk:

This is the risk that the Bank might not have the necessary liquidity to meet its contractual
obligations. The Bank manages its liquidity by matching liabilities with assets of a similar
maturing period.

Interest Rate Risk:

The Bank takes on exposure to the effects of fluctuation in the prevailing levels of market
interest rates on its financial position and cash flows. Interest margins may increase as a result.
of such changes, but may reduce or create losses in the event that unexpected movements
arise. The Bank manages this risk by retaining a level of assets to liabilities with similar
principal value, interest rates and maturity dates.

Credit Risk:

Credit risk arises from the failure of a counter party to perform according, to terms of the
contract. From this perspective, the Bank's credit risk exposure is primarily concentrated in its
deposits placed with other banking institutions and in advances to customers. The Bank's
deposits have been placed with high quality international banking institutions, and advances to
customers are fully collateralized by assets held by the Bank on behalf of these customers
13. COMMITMENT AND CONTINGENCIES

Derivative Financial Instruments:

The Bank entered into forward currency contracts solely as part of its client-related trading
activities. Forward currency contracts are contracts to purchase and sell foreign currencies at
specific rates of exchange on specific dates in the future. Risk arises from the potential
inability of counterparties to perform under the terms of the contracts (credit risk) and from
fluctuations in the foreign exchange fates (market risk). The Bank manages the market risk of
client-related positions by taking offsetting positions with its affiliates resulting in minimal
market exposure. The credit risk of client-related positions is managed by applying uniform
credit standards maintained for all activities with credit risk. Collateral held generally includes
cash, cash equivalents, and investment securities. As of the reporting date, the Bank had
contractual commitments under open forward currency contracts as follows:


'IA


2003


Commitments to purchase foreign currencies
Banks Affiliates
Customers



Commitments to sell foreign currencies
Banks Affiliates
Customers


$ 13,250,532 $113,970,598
12,954,636 116,793,648
$ 26,205,168 $230,764,246



$ 12,954,636 $111,248,930
13,250,532 119,424,065


$ 26,205,168 $230,672,995

The contract amounts of these instruments reflect the extent of the Bank's involvement in
forward currency contracts and do not represent the Bank's risk of loss due to counterparty
non-performance (credit risk). At December 31, 2004, the Bank's exposure to credit risk on
forward currency contracts is limited to those contracts with a positive fair value which, after
accounting for the effect of master netting agreements, amounted to $Nil (2003: $91,251).
Operating Lease

On May 5, 2001, the Bank entered into an agreement to lease office space for a period of six
years commencing on July 1, 2001, with options to renew the lease for two additional five-
year periods. The minimum annual rental payments are $352,100 for the first three years of
the lease term and $377,250 for the second three years of the lease term.


I ct I : lDUlMv'


-' ~~~-~~-~~~~,;; -~---- I I


__









THE T-HIBUNE! SATRAAPI 0 00,P


PI bridge still




sound, says




works minister


14. FAIR VALUE OF FINANCIAL INSTRUMENTS
Financial instruments utilized by the Bank include recorded assets and liabilities, as well as
items that principally involve off-balance sheet risk. It is the Bank's policy not to take on
material exposure to the effects of fluctuations in prevailing foreign currency exchange rates
on its financial position and cash flows. As the Bank has no significant unmatched foreign
currency positions, changes in interest rates are the main cause of changes in the fair value of
the Bank's financial.instruments, The majority of the Bank's financial instruments are either
short-term in nature or have interest rates that automatically reset to market on a periodic
basis. Accordingly, the estimated fair value is not significantly different from the carrying
value for each major category of the Bank's recorded assets and liabilities.


Deloitte
SDeloitte & Touche
Chartered Accountants
and Management Consultants
2nd Terrace, Centreville
P.O. Box N-7120
Nassau, Bahamas
STel: + 1(242) 302-4800
Fax:-+1 (242) 322-3101
.http://www.deloitte.com.bs

INDEPENDENT AUDITORS' REPORT

To the Shareholders of
Citco Bank and Trust Company (Bahamas) Limited:
We have audited the above balance sheet of Citco Bank and Trust Company (Bahamas) Limited (the
"Bank") as of December 31, 2004. The balance sheet is the responsibility of the Bank's
management. Our responsibility is to express an opinion on the balance sheet based on our audit.
We conducted our audit in accordance with International Standards on Auditing. Those Standards
require that we plan and perform the audit to obtain reasonable assurance about whether the balance
sheet is free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the balance sheet. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall balance sheet presentation. We believe that our audit provides a reasonable basis for our
opinion.
In our opinion the balance sheet presents fairly, in all material respects, the financial position of the
Bank as of December 31, 2004, in accordance with International Financial Reporting Standards.


February 7, 2005
I t ' ; .' .*
I '* . -: ; ' '
s~ ~~~ I


just making sure that everything
is in order. This is simply the
periodic structural survey that
the bridge will be undergoing,"
she said.
It was during the last survey
done in 1998 that confirmed
that 15 tons was the acceptable
load for the bridge and the rea-
soning behind the weight lim-
its.
Currently the lawful capacity
of the old eastern bridge is 15
tons and the capacity of the new
western bridge is 25 tons.


A notice issued recently by
Edward Fitzgerald, chairman of
the Bridge Authority, advised
motorists that any use of these
bridges exceeding the lawful
capacity without the consent of
the Authority would be consid-
ered a breach of the law.
"Routine checks will be made
of all vehicles utilising both
bridges to make sure they are in
compliance of the rules laid out
by the Bridge Authority, and
violators would be prosecuted
forthwith," it read


Questions for the



Bahamas to answer


THE next Bahamian Forum
meeting will tackle the issue of
the future direction of the coun-
try.
Brian Moree, a managing
partner of the law firm Mckin-
ney, Bancroft and Hughes is set
to address the local think tank
at the British Colonial Hilton
hotel on May 4.
Mr Moree will address sev-
eral questions pertinent to the
future development of the
Bahamas, including:
Is the over-centralised gov-
ernment bureaucracy, which
moves at an infuriating slow
pace in getting business trans-
actions done, placing the
Bahamas at a competitive dis-


* CASTRIES
St Lucia
FIVE eastern Caribbean
countries should see eco-
nomic growth this year fol-
lowing robust performances
in 2004, the International
Monetary Fund said Thurs-
day, according to Associated
Press.
The economies of
Antigua, Dominica, St. Kitts,
St Lucia and St Vincent grew
by an average of 4 percent
in 2004 and can expect simi-
lar performances in 2005, the
IMF said in an assessment
submitted to the Eastern
Caribbean Central Bank.
An exception was Grena-
da here Hurricane Ivan
reversed expectations for
economic growth last year.
Ivan hit Grenada in Septem-
ber, killing 39 people, caus-
ing US$900 million damages.
The IMF praised eastern
Caribbean countries for tak-
ing "bold steps" to rein in
spending and reduce debt. It
applauded Antigua for intro-
ducing income taxes and St
Kitts for closing its debt-rid-
den sugar industry this year.


advantage with more developed
destinations?
If we want to go for the
gold we must attract more big,
international finance and busi-
ness players to participate in
our economy. Are we willing to
create an immigration system
to allow this to happen?
Does the Bahamas have a
plan to balance the difference
between development and over
development?
Is the Bahamas providing
opportunities for young people
to buy property and share in
foreign investment?
Will ordinary Bahamians
have access to our best beach-
es?


New taxes to

fund social

programme

* KINGSTON
Jamaica
PARLIAMENT passed a
$347 billion (US$5.6 billion)
budget that will impose new
taxes on consumers and tourism
to finance revamped educa-
tional and housing programs,
according to Associated Press.
The 2005-2006 budget, passed
Wednesday night, allocates
Jamaican $5 billion (US$81 mil-
lion, euro62.6 million) to build
or refurbish 200 schools, subsi-
dize textbooks and freeze pub-
lic school fees.
It also provides for 10,000
new low-income homes and job
creation in inner-city commu-
nities of Kingston, the capital.
The programs are designed
to counter social ills like crime,
teenage pregnancy and unem-
ployment on the Caribbean
island of 2.6 million, said
Finance Minister Omar Davies.
"The allocations have been
granted to areas of the greatest
challenges," Davies said.
The social programs will be
partly paid for by new taxes
totaling Jamaica $9.4 billion
(US$152 million, euroll7.5 mil-
lion), more than half of which
will come from a hike in the
general consumption tax.


Has the Bahamas thought
through its position in rushing
to join the World Trade Organ-
isation (WTO) and the
Caribbean Single Market Econ-
omy (CSME)? Do we have
more to lose than gain? Will
Bahamians be involved in the
decision?
Why can't we clean up our
island, including urban areas,
and plant more trees to beauti-
fy our country? All new gov-
ernment buildings are beauti-
fully landscaped, why can we
do this with the less fortunate
areas?
Is the present court system
helping to reduce or increase
crime?


* CUBA
Havana
THE leftist presidents of
Cuba and Venezuela
strengthened their economic
ties and on Friday promoted
an alternative trade pact free
of US control, according to
Associated Press.
During trade talks this
week between presidents
Hugo Chavez of Venezuela
and Fidel Castro of
Venezuela, the communist-
run island agreed to buy
US$412 million (euro319
million) worth of new prod-
ucts from the South Ameri-
can nation, including food,
furniture, and raw materials.
Cuban import duties will be
waived for Venezuelan prod-
ucts.
Venezuela, meanwhile,
has opened a new office in
Cuba for its state-run
Petroleos de Venezuela
SA, which will help
explore for oil deposits off
the island's coast, and
help refine any petroleum
found.


FROM page one
Ministry of Works and Utilities,
said that every bridge has to
inspected periodically to make
certain that everything is in
order. She categorically denied
that the current inspection was
being done because of any
structural malfunction. It is dur-
ing this process, she said, that
any defect will be detected as
soon as possible.
"It is like when a person is
getting their annual physical,


ta


FIDELITY BANK (BAHAMAS) LIMITED


has a vacancy for the position of

BRANCH MANAGER

PROFILE:
Bachelors degree in Business Administration, Finance or a
related field
Series 7 or the Canadian Securities and must be familiar
with investment products
10 years commercial banking experience with a minimum of
3 years managerial experience
Experience managing diverse loan portfolios and
assessing loan quality
Detailed knowledge of retail/commercial lending practices
and credit analysis to ensure the integrity of the portfolio
Excellent communication, analytical and reasoning skills
S* Excellent leadership and coaching skills
Strong interpersonal skills to work effectively with staff and
customers
Strong PC skills


RESPONSIBILITIES
INCLUDE:
Promoting excellent service quality
Solicitation of new customers and managing sales
activities to enhance the profitability of the unit
Effectively leading, supporting and coaching personnel
to achieve corporate objectives
Reviewing and implementing new customer, mortgage
and commercial lending activities and organizational
strategies
-Managing loan portfolios and assessing loan quality
Managing credit lines within the delegated authority

Fidelity Bank (Bahamas) Limited offers an excellent remuneration
and benefits package including performance-based incentives,
4 medical insurance, life and long tern disability insurances and
pension plan.
Send resume no later than Monday 9th May 2005 to:
I |Human Resources Department
Re: Branch Manager
Head Office, Cable Beach
P.O. Box N-7502
I 1 Nassau
| I Fax 327.5175

e-mail: info@fidelitybahamas.com
ti** ** - - - ^ -- *- ^ n _ .j - ^


* DWIGHT Lauderdale with Andre Newbold, Sandals' director of sales
MIAMI'S local 10 WPLG's Bahamian Spa Resort. in Nassau to attend the Don-
news anchor Dwight Laud- WPLG is an affiliate of nie McClurkin gospel concert
erdale visited Sandals Royal ABC, and Mr Lauderdale was at Sandals.


THE TRIBUNE


SATURDAY, APRIL 30, 2005, PAGE 9








PAGE 10, SATURDAY, APRIL 30, 2005


THE TRIBUNE


2i i Parties, Nightclubs 14
& Restaurants 1k

Exotic Saturdays @ Fridays Soon Come starts
with 3 for $10 drink specials. Admission: $10
before midnight and $15 after. Ladies free before
llpm.

Rave Saturdays @ Club Eclipse. DJ Scoobz
spinning the best in Old Skool. Admission $35,
all inclusive food and drink.

Fever @ Bahama Boom, Elizabeth St, down-
town, every Friday night. Admission $10 before
midnight. First 50 women get free champagne.
First 50 men get a free Greycliff cigar. Dress to
impress. For VIP reservations call 356-4612.

Cool Runnings is back with a Conscious Party @
Hard Rock Cafe, Charlotte St North every Friday.
Classic reggae style music. Admission $10.

Mellow Moods every Sunday @ Fluid Lounge
and Nightclub, Bay St, featuring hits from yester-
day old school reggae and rockers downstairs,
and golden oldies upstairs. Admission: Free. Doors
open 9pm.

Karaoke Music Mondaze @ Topshotters Sports
Bar. Drink specials all night long, including
karaoke warm-up drink to get you started. Party
from 8pm-until.

Karaoke Nights @ Fluid Lounge and Nightclub.
Begins 10pm every Tuesday. Weekly winners
selected as Vocalist of the Week $250 cash prize.
Winner selected at end of month from finalists -
cash prize $1,000. Admission $10 with one free
drink.

Reggae Tuesdays @ Bahama Boom. Cover
charge includes a free Guinness and there should
be lots of prizes and surprises. Admission: Ladies
$10 and Men $15.

Hump Day Happy Hour @ Topshotters Sports
Bar every Wednesday 5pm-8pm. Free appetizers
and numerous drink specials.

Flash Nights @ Club Fluid every Thursday. The
ultimate Ladies Night. Join Nassau's and Miami
Beach's finest men. Ladies only before 11.30pm
with free champagne. Guys allowed after 11.30pm
with $20 cover.

The Pit @ Bahama Boom, every Thursday.
Doors open at 9pm, showtime 11.30pm. Cover
charge $15. $10 with flyer.

Fantasy Fridays @ Fluid Lounge, featuring late
'80s music in the VIP Lounge, Top of the Charts in
the Main Lounge, neon lights and Go Go dancers.
Glow sticks for all in before midnight. Admission:
Ladies free before 11pm, $15 after; Guys $20 all
night.

Dicky Mo's Fridays @ Cable Beach. Happy
Hour 3 for $10 mixed drinks and $1 shots.


TooLooSe @ Indigo Restaurant on West Bay St
and Skyline Drive. Singer/songwriter Steven Hold-
en performs solo with special guests on Thursday
from 9pm midnight.

The Graham Holden Deal @ The Green Par-
rot....David Graham, Steve Holden, Tim Deal and
Friends perform Sunday, 7pm 10pm @ Hurri-


Twisted Boodah Lounge @ Cafe Segafredo, cane Hole on Paradise Island.
Charlotte St kicks off early this Friday at 6pm
with deep house to hard house music, featuring Jay Mitchell and Hot KC @ Palm Court
CraigBOO, Unkle Funky and Sworl'wide on the Lounge, British Colonial Hilton, Wednesday-
decks. Thursday 8pm-12am.

Chill Out Sundays @ Coco Loco, Sandyport, Sunday Night Interlude @ Briteley's Restau-
from 4pm-until, playing deep, funky chill moods rant & Lounge, Eneas St off Poinciana Drive.
with world beats. Featuring Frankie Victory at the key board in the
After Dark Room every Sunday, 8.30pm to mid-
Sweet Sunday Chill Out Soiree Lounge, every night. Fine food and drinks.
Sunday, 4pm-midnight @ Patio Grille, British
Colonial Hotel. Paul Hanna, Tabatha and Gernie, and the
Caribbean Express perform at Traveller's Rest,
Wet Sundays, every Sunday, noon-midnight @ West Bay St, every Sunday, 6.30pm-9.30pm.
Crystal Cay Beach. Admission $10, ladies free.
iM The Arts :
Carib Scene @ Club Fluid every Sunday. A
night of Caribbean, Latin and Reggae flavours Bond, an exhibition of recent works by
for all audiences. Latin Flair in the VIP Lounge; mother and son artists Sue Bennett-
Old School Reggae and Soca in the Main Lounge. Williams and Jason Bennett will run this
Ladies in free before 11pm. $10 after 11pm. Men, month at Popostudios Gallery in Chipping-
$15 cover charge, ham. The exhibition features paintings,
mixed media and ceramics.


Talking Canvases, a solo exhibition by.
artist Marlon Hunt at the Central Bank
Art Gallery, Market St. The show runs
through April 28.

The National Collection @ the National Art
Gallery of the Bahamas, an exhibition that takes
the viewer on a journey through the history of
fine art in the Bahamas. It features signature
pieces from the national collection, including
recent acquisitions by Blue Curry, Antonius
Roberts and Dionne Benjamin-Smith. Gallery
hours, Tuesday-Saturday, llam-4pm. Call 328-
5800 to book tours.

Past, Present and Personal: The Dawn Davies
Collection @ the National Art Gallery of the
Bahamas, Villa Doyle, West and West Hill Streets.
The exhibition is part of the NAGB's Collector's
Series. Gallery hours, Tuesday-Saturday, llam-
4pm. Call 328-5800 to book tours.

The Awakening Landscape: The Nassau
Watercolours of Gaspard Le Marchand Tupper,
from the collection of Orjan and Amanda Lin-
droth @ the National Art Gallery of the
Bahamas. The mid-nineteenth century paint-
ings that make up the exhibition are part of
one of the earliest suites of paintings of Nassau
and its environs.
Tupper was a British military officer stationed
at Fort Charlotte in the 1850s. The works show
a pre-modern Bahamas through the decidely
British medium of watercolour. Gallery hours,


I


I)RY (,I~


W HAT'S ON I N AND A















EMAIL: 0 UTTH E R E@ TR


RO UND N ASSAU















I B U N E M E D IA .N ET
........... .......................... ........................................................... j


Tuesday-Saturday, llam-4pm.. Call 328-5800 to
book tours.

Health

The Cancer Society of the Bahamas meets at
5.30pm on the second Tuesday of each month at
their Headquarters at East Terrace, Centreville.
Call 323-4482 for more info.

MS (Multiple Sclerosis) Bahamas meets the
third Monday every month, 6pm @ Doctors Hos-
pital conference room.

The Bahamas Diabetic Association meets every
third Saturday, 2.30pm '(except August and
December) @ the Nursing School, Grosvenor
Close, Shirley Street.

Doctors Hospital, the official training centre of
the American Heart Association offers CPR class-
es certified by the AHA. The course defines the
warning signs of respiratory arrest and gives pre-
vention strategies to avoid sudden death syndrome
and the most common serious injuries and choking
that can occur in adults, infants and children. CPR
and First Aid classes are offered every third Sat-
urday of the month from 9am-lpm. Contact a
Doctors Hospital Community Training Repre-
sentative at 302-4732 for more information and
learn to save a life today.

REACH Resources & Education for
Autism and related Challenges meets from 7pm
9pm the second Thursday of each month in the
cafeteria of the BEC building, Blue Hill Road.

Civic Clubs

Toastmasters Clubil905meets Tuesday, 7.30pm
@ BEC Cafe, Tucker Rd. Club 9477 meets Friday,
7pm @ Bahamas Baptist Community College Rm
A19, Jean St. Club 3956 meets Thursday, 7.30pm
@ British Colonial Hilton. Club 1600 meets Thurs-
day, 8.30pm @ SuperClubs Breezes. Club 7178
meets Tuesday, 6pm @ The J Whitney Pinder
Building, Collins Ave. Club 2437 meets every sec-
ond, fourth and fifth Wednesday at the J Whitney
Pinder Building, Collins Ave at 6pm. Club 612315
meets Monday 6pm @ Wyndham Nassau Resort,
Cable Beach. Club 753494 meets every Wednes-
day, 6pm-8pm in the Solomon's Building, East-
West Highway. All are welcome.

Alpha Kappa Alpha Sorority, Eta Psi Omega
chapter meets every second Tuesday, 6.30pm @ the
Eleuthera Room in the Wyndham Nassau Resort,
Cable Beach.

Alpha Phi Alpha Fraternity meets every first
Tuesday, 7pm @ Gaylord's Restaurant,
Dowdeswell St. Please call 502-4842/377-4589 for
more info.

Kappa Alpha Psi Fraternity meets every second
Tuesday, 6.30pm @ Atlantic House, IBM Office,
4th floor meeting room.

The Nassau, Bahamas Pan-Hellenic Council
(NPHC) meets every third Monday of the mont
in the Board Room of the British Colonial Hilthiy
Hotel, Bay St. .

Nassau Council 10415 Knights of Columbus"
meets the second and fourth Wednesday of the':
month, 8pm @ St Augustine's Monestary.

Nassau Bahamas Koinonia meets every second
Friday of each month, 7.30pm at Emmaus Centre
at St Augustine's Monestary. For more info cal'
325-1947 after 4pm. :'

International Association of Administrative
Professionals, Bahamas Chapter meets the third>
Thursday of every month @ Superclubs Breezes;,
Cable Beach, 6pm.

AMISTAD, a Spanish club meets the third Fri-
day of the month at COB's Tourism Training Cen-
tre at 7pm in Room 144 during the academic year.
The group promotes the Spanish language and,
culture in the community.
Send all your civic and social events to The
Tribune via fax: 328-2398 or e-mail:
outthere@tribunemedia.net


Da S.P.O.T auditions

F or several summers now, Da Spoken Performers of Thought, known best
as members of Da S.P.O.T have enjoyed tremendous popularity, attracting
hundreds of comedy-lovers. The variety show is made up of skits similar to
Saturday Night Live. But with a local twist, since all of the sketches are strict-
ly in a Bahamian-style.
And now, with a new season about to kick off, producers are in search of a few "fresh
faces" to share the stage with existing actors.
For three upcoming Saturdays, (April 30, May 7 and May 14) Da S.P.O.T auditions
will be held at St Andrew's Presbyterian Kirk on Princes Street, from 9am till 1pm.
"We are looking for a variety of actors to fill six main spots; three males and three
females anyone who is talented," says Garth Sekani Nash, the show's producer.
Da S.P.O.T opens on Sunday, June 5, and runs every Sunday night until August 21,
tentatively. Each night, the show will run from 8pm to 11pm.







THE TRIBUNE


SATURDAY, APRIL 30, 2005, PAGE 11


LOCALNW


111-~ ~16888""


NASSAU EVENTS CAPTURED





Fifth annual


ON CAMERA





Gala Ball


SKingdor National Parkinson Foundation

he Kingdor
National Parkin-La
son Foundation's
fifth annual Gala
Ball was held at
Sandals Royal Bahamian
Resort and Spa.
The event was held under the
patronage of Senator Dr Mar-
cus Bethel, Minister of Health
and Environmental Services,
and his wife, Chantal Bethel,
Vernon Symonette, former
House of Assembly speaker,
and his wife, Phyllis Symonette.
Dr Bethel said he was pleased
with the initiative taken by the
organisation not only to raise
much-needed funds, but also to
increase awareness regarding
the signs and symptoms of
Parkinson's Disease.
Echoing these sentiments, Dr
Edwin Demeritte congratulat- "0 PICTURED (I-r) are Jeff Rotering,-poItical and economic officer at the
ed the Kingdor National Parkin- United States Embassy, and his wife, Claire Rotering, of the US Embassy
son Foundation for the tremen- Visa Department, Mavis Darling-Hills, founder and chairperson of the
dous efforts toward educating Kingdor National Parkinson Foundation, Katherine Solomon and her hus-
the population and enhancing band, Normon Solomon, chairman of Solomon Group of Companies.
awareness about Parkinson's
Disease in the Bahamas.
"Parkinson's Disease is a dev- m DISTINGUISHED PATRONAGE Pictured (1-r) are Senator, Dr Marcus
astating disorder that affects not Bethel, Minister of Health and Environmental Services, and his wife, Chan-
only the individual but the fain- tal Bethel, Adolfo Diaz, field service manager of the National Parkinson
ily and community at large. Esti- Foundation, and his wife, Lilly Rangel-Diaz.
mates of Parkinson's Disease
prevalence range from 18-328
per 100,000 population, with
most studies yielding a preva-
lence of approximately 120 per
100,000. The incidence has been
estimated to be 4.5 -21 cases per
100,000 population per year.
"In The Bahamas, however, .
we are still struggling to obtain
accurate statistics so as to better
plan and implement effective14%0
strategies and programmes to
assist our citizens who have
been affected by this disease.
"The journey has begun, and
the path may be long and hard
but there are essential steps
towards providing optimal holis-
tic care for patients in The
Bahamas," he said.


TALENTED Dwight Lauderdale, anchorman at WPLG Local Channel
* BRILLIANT MINDS Phillip Dorsette, a teacher at CC Sweeting Senior 10 News, Miami, Florida, and local businesswoman Phillis Albury-Gar-
High School, and his wife, Dr Jeanette Davis-Dorsette. raway.


* DYNAMIC DUO Attorney Milton R Cox, of Lockhart & 0 PICTURED (1-r) are James M Pinder, chairman of Star General Insurance Agents & Brokers Limited and former chair-
Munroe, and his wife Barbara Hanna-Cox, operations man- man of the National Insurance Board, Dr Pamela Etuk, Arianne Etuk, Lavern Pinder, Owen Bethel, president of Montaque
ager at Solomon's Mines. Securities International.


P.O. Box N-4659,
| (2J42)-8 Nassau, Bahamas


Jb







PAGE12,SATUDAY APIL 3,205 TH TRBUN


0 .,


(~/ea/9e


I


-L~e' i I I


* A VIBRANT painting by
Lemero Wright, entitled
Beyond Relief (right)

* AN interesting perspective
from Jackson Petit, called A
Second Look (below)


LNG


4,44

4


Safe and Beneficial to The Bahamas
AES OCEAN CAY PIPELINE: OCEAN.CAY BAHAMAS:LNG FACILITY
a Te. approximately 64(kilometer pipeline will be constructed of 0 A Liquefied Natural Gas (LNG) storage facility will be
steel pipe and installed on the sea floor, constructed on Ocean Cay, Bahamas. At this facility, LNG
S0 Natural gas will be transported by the Ocean Cay Pipeline will be converted to natural gas (liquid to vapor conversion).
from Ocean Cay to the EEZ boundary. a The LNG facility at Ocean Cay will be designed in
a At the EFZ boundary, the Ocean Express Pipeline will accordance with applicable Bahamian, State
receive natural gas from the Ocean Cy of Florida, and U.S. federal standards.
Pipeline and deliver that gas
to south Bank, FloFlorida.









TheThe Bahamas EnvironmentAL





'':-./-^ $20 ^, .a AE: prSciene and Technologynmental
More than$20 mil ion revenue I p aCommitAesion (BEST).for
Ae the AES pipelines and
teLNG facility that evaluates
potential impacts to the
environment and natural
measures to avoid or minimize
app9ovthose impacts.
Bahamian, World Bank, Florida
and U.S.guidelines and regulations.
*400 In September 2002, AES
....t u too submitted the EIA for review to
The Bahamas Environment,
Science and Technology
~Commission(BEST).
.~.~]4' FA :AI 0 The BEST ICommission
.. "completed its review and
--.. "- -approved the AES project
4 ~ 4 ~ ~' '4in early 2004.


1 1 : : 1jj. '11
|4
I L ian"-ann. ........^ .*. w 'i :!! ^


I~LIL~C~CUI


Tio:;


THE TRIBUNE


PAGE 12, SATURDAY, APRIL 30, 2005


Lessons in art

ART students are showcas-
ing some of their work in an
exhibition at Tambearly School
next Friday.
Among the many artists fea-
tured will be Jackson Petit,
Lemero Wright, Erica Seymour
and Ryan Turnquest.
Jackson Petit is an art student
at the College of the Bahamas
who "likes to challenge the
viewer socially, intellectually or
simply visually". Lately his work
has focused on shape, space and
colour.
Lemero Wright is also a stu-
dent at COB and is hoping to
get into the Savannah Art Col-
lege next year. He plans to put
on his own one-man show in
the near future.
The show is on at Tambearly
School in Sandyport from 6pm
to 9pm.









SATURDAY, APRIL 30, 2005


SECTION



B
Fax: (242) 328-2398
E-Mail: sports@100jamz.com


g


MIAMI HERALD SPORTS


BBF now in


discussions

with Dexter

Cambridge


* By KELSIE
JOHNSON
Junior Sports
Reporter

KEVIN 'KJ' JOHN-
SON has opted not
assist with the coaching
of the junior men's
national basketball team
this year.
Johnson, who was last
year's assistant coach to
Ivan Butler and Mario
Bowleg and has been
coaching on the national
level more than three
years, told the Bahamas
Basketball Federation
(BBF) that he wishes
not to assist with the
squad due to personal
reasons.
As a result the BBF is
in discussions with for-
mer National Basketball
Association (NBA)
player, Dexter Cam-
bridge.
Cambridge is the head
coach of the Prince
William Falcons junior
and senior boys team,
leading them to two
championship titles
since getting the job.
He had played a
behind the scenes role
with the team last year,
before stepping into the
forefront.

Decorated
However, Johnson is
still the most decorated
coach in the high school
system, coaching at the
CI Gibson Rattlers.
Johnson has done the
impossible, capturing
the Hugh Campbell title
three times.
This achievement
under Johnson's watch
went down in the tour-
nament's history, as the
Rattlers became the first
New Providence base
school to take the title
three times.
Johnson also coached
the Rattlers to several
Government Secondary
School Sporting Associ-
ation (GSSA) titles.
As the assistant coach
on the national level,
Johnson was able to
help the junior men
qualify for the Cen-
troBasketball tourna-
ment, moving onto
the Tournament of
Americas champi-
onships.
He also coaches the
Coca Cola Explorers in
the New Providence
Basketball Association.
This year the junior
men are expected to
travel to Trinidad and
Tobago to compete in
the Caribbean Basket-
ball Championships and
the CentroBasketball
tournament in Santiago
Domingo.


"Being the first Bahamian
to be drafted into the CFL is
fantastic. I mean I am
speechless, I can't find
words to describe the
feeling."

Godfrey Ellis, after joining
the Calgary Stampeders


* By KELSIE JOHNSON
Junior Sports Reporter
GODFREY ELLIS became
the first Bahamian to be draft-
ed into the Canadian Football
League (CFL) on Thursday
night and the third to be draft-
ed into professional ranks in
two years.
Ellis, a senior at Acadia
University, was picked up in
the second round, the 10th
pick to the Calgary Stamped-
ers.
Although the CFL consists
of only nine teams, Ellis said
he is comfortable and trading
his position to move into the
National Football League
(NFL) is not an option.

Favours
However, Ellis is a huge fan
of the Miami Dolphins, he
also favours the CFL's
Edmonton Eskimos, but he
admitted that all his teams will
take a back seat to the Stam-
peders.
"Its all about the Stamped-
ers now, said an excited Ellis.
"I was a huge fan of the Eski-
mos and their organisation,
but now it's Stampeders.
"It feels great being draft-
ed it was a dream of mine
when I first started playing
football. I loved the game but


when I was at home (Nassau)
there wasn't any in the high
school system. I played before
in the local league but grasped
the game better when I moved
to Canada.
"Being the first Bahamian
to be drafted into the CFL is
fantastic. I mean I am speech-
less, I can't find words to
describe the feeling."

Draft
The waiting game for Ellis
came to an end around 1pm
on Thursday afternoon, when
he received a phone call from
the Stampeders public rela-
tions officer that he was draft-
ed to the team.
The call came just minutes
before Ellis was getting set to
sit one of senior examinations.
He said: "When I got the
call I was about to sit a very
important exam, I had to run
into the bathroom because
everyone was so focussed on
the exam and I wanted to
scream.
"When I went in the bath-
room I screamed to the top of
my lungs, I let it all out. When
I was finished I called home,
only my mummy was there so
both of us were on the phone
screaming. It was so exciting,
you could tell, my mum was
crying.


"Focusing on the exam
became hard, and truthfully I
just wanted to go out and
scream some more, call every-
one back home and let them
know, but I had to do that
exam. I did my best, between
the excitement and the exam,
concentrating was very hard."
Ellis was unable to speak to
his father Michael Ellis, who
was away on business.
According to the Calgary
Herald, Ellis is expected to
make an immediate impact to
the Stampeders club.
He is described by Stamped-


ers coach Jim Barker as hav-
ing great mobility in a com-
pact body, we hope he can
compete for the sixth (0-line)
spot thigh year.
Ellis, who stands at 6' foot 2,
weighs in at 300 pounds, is
expected to graduate in May
from Acadia.
While at Acadia, Ellis was
named the most improved
player and best linesman in
2002, before moving to the
offensive tackle position in his
last three years.
Ellis is the third Bahamian
to be drafted in the last two


ABOVE: Godfrey Ellis
(number 62) in action.
BELOW: Snow joke -
Godfrey Ellis (number 62)
became the first Bahamian to
be drafted into the Canadian
Football League on Thursday.



years, Devard Darling was
drafted to play for the Balti-
more Ravens in 2004 and
Alex Smith was recently draft-
ed to the Tampa Bay Bucca-
neers.


r i s ___-






PAGE 2B, SATURDAY, APRIL 30, 2005


; i ,iL- J l ML Qi %Ji 1 I 0


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&jAvailable.from Commercial News Providers'


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TRIBUNE SPORTS


SATURDAY, APRIL 30, 2005, PAGE 3B


Action from the





2005 Penn Relays


HSBC 4D
The world's local bank


Summarised financial information prepared from the audited Financial Statements for the Year Ended 31
December 2004

Consolidated Assets and Liabilities at 31 December 2004


2004
HKSm


ASSETS
Cash and short-term funds
Placings with banks maturing
after one month
Certificates of deposit
Hong Kong SAR Government
certificates of indebtedness
Securities held for dealing
purposes
Long-term investments
Advances to customers
Amounts due from fellow
subsidiary companies
investments in associated
companies
Tangible fixed assets
Other assets


LIABILITIES
Hong Kong SAR currency notes in
circulation
Current, savings and other deposit
accounts
Deposits by banks
Amounts due to fellow subsidiary
companies
Amounts due to ultimate holding
company
SOther liabilities


501,261

74,481
57,418

92,334

71,747
430,469
919,253

82,592

16,918
42,080
170,492
2,459,045



92,334

1,880,673
73,098

17,137

479
220,327
2,284,048


Summary of Capital Resources at 31 December 2004


2004
HKSm


CAPITAL RESOURCES
Loan capital
Minority interests
Share capital
Reserves
Proposed final interim dividend
Shareholders' funds




Directors
David G Eldon
Michael R P Smith
Vincent Cheng Hoi Chuen


11,142
16,360
74,213
68,482
4,800
147,495
174,997


2003
HKSm

359,137

113,322
56,893

85,294

82,239
399,642
815,004

57,389

1,564
34,875
143,382
2,148,741



85,294

1,669,704
68,111

11,328

375
175,071
2,009,883




2003
HKSm


,12,855
15,991
51,603
49,959
8,450
110,012
138,858


Secretary
MW Scales
28 February 2005


"Copyrighted Material

Syndicated Contentr

Available from Commercial News Providers"


Auditors' Statement to the Directors of
The Hongkong and Shanghai Banking Corporation Limited ("the Bank")
(Incorporated in the Hong Kong SAR with limited liability)


We have audited the financial statements of The Hongkong and Shanghai Banking Corporation Limited
for the year ended 31 December 2004, from which the summarised financial information set out above
has been derived, in accordance with Statements of Auditing Standards issued by the Hong Kong Institute
of Certified Public Accountaits. In Four report dated 28 February 2005 we expressed an unqualified
opinion on those financial statements.

In our opinion, the summarised financial information above is consistent, in all material respects, with the
financial statements from which it was derived.


The Hongkong and Shanghai Banking Corporation Limited
Office: 1 Queen's Road Central, Hong Kong






Consolidated Profit and Loss Account for the Year Ended 31 December 2004


Interest income
Interest expense
Net interest income
Other operating income
Operating income
Operating expenses
Operating profit before provisions
Provisions for bad and doubtful debts
Provisions for contingent liabilities
and commitments
Operating profit
Profit on tangible fixed assets and
- long-term investments
Surplus / (deficit) arising on property
revaluation
Share of profits less losses of
associated companies
Profit on ordinary activities before tax
Tax on profit on ordinary activities
Profit on ordinary activities after tax
Minority interests
Profit attributable to shareholders
Retained profits at 1 January
Exchange and other adjustments
Transfer of depreciation to premises
revaluation reserves
Transfer to premises revaluation reserves
Realisation on disposal of premises and
investments properties
Dividends (including amounts attributable
to preference shareholders)
Retained profits at 31 December


2004
HKSm

57,911
(19,679)
38,232
29,421
67,653
(26,992)
40,661
812

(43)
41,430

2,098

1,024

414
44,966
(7,086)
37,880
(4,315)
33,565
37,764
777

298


519


2003
HKSm

55,770
(17,032)
38,738
22,627
61,365
(24,024)
37,341
(3,386)

(76)
33,879

1,013

(234)

139
34,797
(5,387)
29,410
(3,613)
25,797
28,952
1,089

240
(273)

233


(21,840) (18,274)
51,083 37,764


The summarised financial information does not constitute the Bank's statutory financial statements for the
year ended 31 December 2004. For a better understanding of the Bank's financial position and the results
of its operations for the year and of the scope of our audit, the summarised financial information should
be read in conjunction with the financial statements from which the summarised financial information
was derived and our audit report thereon.




KPMG
Certified Public Accountants
8/F Prince's Building ,
Central
Hong Kong, 28 April 2005

The summarised financial information set out above is derived from the financial statements of The
Hongkong and Shanghai Banking Corporation Limited for the year ended 31 December 2004. The full
set of financial statements can be obtained from The Hongkong and Shanghai Ba-king Corporation
Limited, Suite 306, Centre of Commerce, One Bay Street, P.O. Box N-4917. Nassai N P. Rahamas.


I


~L~Iw_








PAGE 4B. SATURDAY, APRIL 30, 2005 TRIBUNE SPORC
Ii


I--
KPMG Telephone 242 393 2007
PO Box N 123 Fax 242 393 1772
Montague Sterting Centre Internet www.kpmg.com.bs
East Bay Street
Nassau., ahamas

AUDITORS' REPORT TO THE SHAREHOLDERS


We have audited the accompanying balance sheet of Hang Seng Bank Trustee (Bahamas) Limited
as of 31 December 2004. This balance sheet is the responsibility of the Company's management.
Our responsibility is to express an opinion on this balance sheet based on our audit.
We conducted our audit in accordance with International Standards on Audiling as promulgated
by the International Federation of Accountants. Those Standards require that we plan and
perform the audit to obtain reasonable assurance as to whether the balance sheet is free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the balance sheet. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall
balance sheet presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the balance sheet presents fairly, in all material respects, the financial position of
the Company as of 31 December 2004 in accordance with International Financial Reporting
Standards promulgated by the International Accounting Standards Board.




Chartered Accountants


Nassau, Bahamas
21 February 2005
HANG SENG BANK TRUSTEE (BAHAMAS) LIMITED
Balance Sheet

31 December 2004
(with corresponding figures at 31 December 2003)
(Expressed in United States dollars)

Note 2004 2003

Assets

Cash and cash equivalent 2 $ 1,826,588 1,742,710

Accounts receivable and other assets 2 and 4(a) 67,610 58,110

Total assets $ 1,894,198 1,800,820


Liabilities

Accounts payable and other liabilities 2 and 4(b) $ 67,460 48,668


Current liabilities 67,460 48,668

Equity

Share capital 3 $ 1,000,000 1,000,000

Accumulated surplus 826,738 752,152

Total equity 1,826,738 1,752,152

Total liabilities and equity $ 1,894,198 1,800,820
See accompanying notes to balance sheet.
This balance sheet has been approved by the Board of Directors on 21 February 2005 by the
following:


Director


Director


HANG SENG BANK TRUSTEE (BAHAMAS) LIMITED
Notes to Balance Sheet .,

31 December 2004
(Expressed in United States dollars)

1. General information and significant accounting policies
(a) General information:
Hang Seng Bank Trustee (Bahamas) Limited ("the Company"), a wholly-owned
subsidiary of Hang Seng Bank (Bahamas) Limited, which is incorporated under the
laws of the Commonwealth of The Bahamas, is incorporated under the laws of the
Commonwealth of The Bahamas and is licensed by the Ministry of Finance of the
Bahamas Government to carry on trust business.
(b) Ultimate holding company:
The ultimate holding company of the Company is HSBC Holdings plc, which is
incorporated in England.
(c) Statement of compliance:
This balance sheet has been prepared in accordance with International Financial
Reporting Standards promulgated by the International Accounting Standards Board
and the requirements of the laws of the Commonwealth of The Bahamas..
(d) Basic ofpreparation:
This balance sheet is presented in United States dollars, and is prepared on the
historical cost basis.
The accounting policies applied by the Company are consistent with those used in the
previous year.
2. Transactions with related parties
In the normal course of business, the Company entered into transactions with its intermediate
and immediate holding companies and a fellow subsidiaries. The transactions were priced
based on relevant market rates at the time of each transaction, and were under the same terms
as those available to other counterparties. Balances with these related parties as at 31
December 2004 and 2003 are summarized below:
2004 2003

Cash and cash equivalents $ 1,826,588 1,742,710
Accounts receivable and other assets 6,860 3,210
Accounts payable and other liabilities 42,085 34,490-
3. Share capital

2004 2003

Authorised, issued and fully paid:
1,000,000 shares of$1 each $ 1,000,000 1,000,000
4. Maturities of assets and liabilities


2004 2003

(a) Accounts receivable and other assets
Within ] year $ 67,610 58,110


(b) Accounts payable and other liabilities
Within 1 year $ 67,460 48,668


5. Geographical distribution of asset

2001 2003
% %

(a) Cash at bank immediate holding company
Americas 100 100

(b) Call deposit due from intermediate holding company
Asia-Pacific 100 100
6. Financial instruments
Financial assets of the Company include cash at bank and call deposit, which were placed
with its immediate and intermediate holding companies and bore no interest. At 31
December 2004 and 2003. the carrying amount of cash at bank approximated the fair value.
There were no off-balance sheet financial contracts outstanding at the balance sheet date a-,
hedges of anticipated future transactions.


KPMG
PO Box N 123
Montague Sterling Centre
East Bay Street
Nassau. Bahamas


Telephone 242 393 2007
Fax 242393 1772
Internet www.kpmg.com.bs


AUDITORS' REPORT TO THE SHAREHOLDERS
We have audited the accompanying balance sheet of Hang Seng Bank Trustee International
Limited as of 31 December 2004. This balance sheet is the responsibility of the Company's
management. Our responsibility is to express an opinion on this balance sheet based on our audit.
We conducted our audit in accordance with International Standards on Auditing as promulgated
by the International Federation of Accountants. Those Standards require that we plan and
perform the audit to obtain reasonable assurance as to whether the balance sheet is free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the balance sheet. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall
balance sheet presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the balance sheet presents fairly, in all material respects, the financial position of
the Company as of 31 December 2004 in accordance with International Financial Reporting
Standards promulgated by the International Accounting Standards Board.




Chartered Accountants


Nassau, Bahamas
21 February 2005
HANG SENG BANK TRUSTEE INTERNATIONAL LIMITED
Balance Sheet

31 December 2004
(Expressed in United States dollars)

Note 2004

Assets

Cash and cash equivalents 2 $ 961,554

Accounts receivable and other assets 2 and 4(a) 16,910

Total assets $ 978,464


Liabilities

Accounts payable and other liabilities 2 and 4(b) $ 22,456


Current liabilities $ 22,456

Equity

Share capital 3 $ 1,000,000

Accumulated deficit (43,992)

Total equity 956,008

Total liabilities and equity $ 978,464
See accompanying notes to balance sheet.
This balance sheet has been approved by the Board of Directors on 21 February 2005 by the
following:


Director


I Director


Notes to Balance sheet

Period from 8 April 2004 (date of incorporation) to 31 December 2004
(Expressed in United States dollars) .

1. General information and significant accounting policies
(a) General information:
Hang 'Seng Bank Trustee International Limited ("the Company"), a wholly-owned
subsidiary of Hang Seng Bank Limited, which is incorporated in Hong Kong, is
incorporated under the laws of the Commonwealth of The Bahamas and is licensed
by the Ministry of Finance of the Bahamas Government to carry on trust business.
(b) Ultimate holding company:
The ultimate holding company of the Company is HSBC Holdings pic, which is
incorporated in England.
(c) Statement of compliance:
This balan'ce sheet has been prepared in accordance with International Financial
Reporting Standards promulgated by the International Accounting Standards Board
and the requirements of the laws of the Commonwealth of The Bahamas.
(d) Basic of preparation:
This balance sheet is presented in United States dollars, and is prepared on the
historical cost basis.
(e) Foreign currency transactions
Monetary assets and liabilities denominated in foreign currencies at the balance sheet
date are translated into United States dollars at the foreign exchange rates ruling at
that date.
Non-monetary assets and liabilities denominated in foreign currencies, which are
stated at historical cost, are translated to United States dollars at the foreign exchange
rates ruling at the dates of the transactions.
2. Transactions with related parties
In the normal course of business, the Company entered into transactions with its intermediate
and immediate holding companies and a fellow subsidiaries. The transactions were priced
based on relevant market rates at the time of each transaction, and were under the same terms
as those available to other counterparties. Balances with these related parties as at 31
December 2004, and expenses incurred on transactions with such parties during 2004 are
summarized below:

2004

Cash and cash equivalents $ 961,554
Accounts receivable and other assets 6,860
Accounts payable and other liabilities 12,000


3. Share capital

2004

Authorised, issued and fully paid:
1,000,000 shares of $1 each $ 1,000,000
I. Maturities of assets and liabilities


2004

(a) Accounts receivable and other assets
Within I year $ 16,910


(b) Accounts payable and other liabilities
Within I year $ 22,456


Geographical distribution of asset

2004

Call deposit due from intermediate holding company
Asia-Pacific 100
. Financial instruments
Financial assets of the Company include cash at bank and call deposit, which were placed
with its fellow subsidiary and immediate holding company, and bore no interest. At 31
December 2004, the carrying amount of cash at bank approximated the ahir value.
'There were no off-balance sheet financial contracts ousaniding at th(lie balance sheet date as
hedges of anticipated future transactions.


I _-1..-- I _- -- i--L


M- m








Qr~l ,,JnLJMg, P~r I-IlL ~u, O'~A~ -'


I nio;Dl or'-rn i o0


it KPMG Telephone 242 393 2007
PO Box N 123 Fax 242 393 1772
Montague Sterling Centre Internet www kpmg.com.bs
East Bay Street
Nassau. Bc'.;nas

AUDITORS' REPORT TO THE SHAREHOLDERS

We have audited the accompanying consolidated balance sheet of Hang Seng Bank (Bahamas)
Limited as of 31 December 2004. This balance sheet is the responsibility of the Bank's
management. Our responsibility is to express an opinion on these financial statements based on
our audit.
We conducted our audit in accordance with International Standards on Auditing'as promulgated
by the International Federation of Accountants. Those Standards require that we plan and
perform the audit to obtain reasonable assurance as to whether the balance sheet is free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the balance sheet. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall
balance sheet presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the consolidated balance sheet presents fairly, in all material respects, the
financial position of the Group as of 31 December 2004 in accordance with International
Financial Reporting Standards promulgated by the International Accounting Standards Board.






Chartered Accountants


Nassau, Bahamas
21 February 2005

HANG SENG BANK (BAHAMAS) LIMITED
Consolidated Balance Sheet

31 December 2004
(with corresponding figures at 31 December 2003)
(Expressed in United States dollars)

Note 2004 2003

Assets
Cash in hand and balances with banks 2 $ 1,759,603 1,604,238
Amount due from immediate holding
company 2 and 7(a) 3,155,992 1640,562
Money at call and time deposits with
banks 2 and 7(b) 2,684,661,114 2,648,877,527
Certificates of deposit 7(c) 462,709,836 -
Loan to investee company 3 and 7(d) 576,924 576,924
Interestand other accounts receivable 2 and 7(e) 48,316,131 44,192,798
Amount due from a fellow subsidiary 2 and 7(f) 2,159,081,414 2,533,778,899
Investments 4 3,604,812,210 3,173,152,814
Furniture; fixtures and equipment 57,334 76,188

Total assets $ 8,965,130,558 8,403,899,950

Liabilities
Insurance fund 12,460,145 11,939,593
Amount due to immediate holding
company 2 and 7(h) 7,184,540,548 6,898,302,323
Amount due to fellow subsidiaries 2 and 7(i) 264,023,190 217,537,846
Deposits and current accounts 5 and 7(j) 1,180,950,378 1,056,091,522
Dividends payable 2 and 7(k) 214,760,000 -
Interest and other accounts payable 2 and 7(1) 11,889,155 23,030,327

Total liabilities 8,868,623,416 8,206,901,611
Equity
Share capital 6 $ 1,000,000 1,000,000
Accumulated surplus 95,507,142 195,998,339
Total equity 96,507,142 196,998,339

Total liabilities and equity $ 8,965,130,558 8,403,899,950

See accompanying notes to consolidated balance sheet.

This consolidated balance s et has been approved by the Board of Directors:on-21. February..
2005 by the.following: ...

Director


Director


Notes to Consolidated Balance Sheet

31 December 2004
(Expressed in United States dollars)



1. General information and significant accounting policies
(a) General information
The Group comprises Hang Seng Bank (Bahamas) Limited and its subsidiaries as
detailed in note l(k) below. Hang Seng Bank (Bahamas) Limited, a wholly-owned
subsidiary of Hang Seng Bank Limited, which is incorporated in Hong Kong, is
incorporated under the laws of the Commonwealth of The Bahamas and is licensed by the
Ministry of Finance of the Bahamas Government to conduct offshore banking business.
(b) Ultimate holding company
The Group's ultimate holding company is HSBC Holdings plc, which is incorporated in
England.
(c) Statement of compliance
This consolidated balance sheet has been prepared in accordance with International
Financial Reporting Standards promulgated by the International Accounting Standards
Board and the requirements of the laws of the Commonwealth of The Bahamas.
(d) Basis ofpreparation
This consolidated balance sheet is presented in United States dollars, and is prepared on
the historical cost basis except for certain investments and derivative instruments which
are carried at fair value.
The accounting policies applied by the Group are consistent with those used in the
previous year.
(e) Foreign currency transactions
Monetary assets and liabilities denominated in foreign currencies at the balance sheet
date are translated to United States dollars at the foreign exchange rates ruling at that
date. Non-monetary assets and liabilities denominated in foreign currencies, which are
stated at historical cost, are translated to United States dollars at the foreign exchange
rates ruling at the dates of the transactions.
(f) Financial instruments
(i) Classification
Held-to-maturity assets are financial assets with fixed or determinable payments
and fixed maturity that the Group has the intent and ability to hold to maturity.
Originated loans are loans created by the Group providing money to a debtor
other than those created with the intention of short-term profit taking. Originated
loans comprise loans other than purchased loans.
Available-for-sale assets are financial assets that are not held for trading purposes
and include equity investments.
(ii) Recognition
The Group recognises held-to-maturity financial assets and available-for-sale
assets on the date it commits to purchase the assets.
Originated loans are rccbgnised on the day they are granted hy the Group.


(iii) Measurement
Financial instruments are measured initially at cost, including transaction costs.
Subsequent to initial recognition all held-to-maturity financial assets are
measured at amortised cost less impairment losses (note l(i)). Premiums and
discounts, including initial transaction costs, are included in the carrying amount
of the related instrument.
Subsequent to initial recognition all originated loans are measured at cost less
provisions for doubtful amounts.
Subsequent to initial recognition all available-for-sale assets are mc:sured at fair
value, except that any instrument that does not have a quoted market price in an
active market and whose fair value cannot be reliably measured is stated at cost,
including transaction costs, less impairment losses (note 1(i)). Gain or loss on
change in fair value is recognised in equity.


(iv) Specific instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash balances on hand and short-term highly
liquid investments with maturities of three months or less when purchased.

Loan to investee company
Loans originated by the Group are classified as originated loans.
Investments
Debt investments that the Group has the intent and ability to hold to maturity are
classified as held-to-maturity securities. Other investments are classified as
available-for-sale assets.
(g) Off-balance sheet financial instruments
The Group's off-balance sheet financial instruments arise from swap transactions and
forward rate agreements undertaken in the interest rate markets.
Transactions undertaken as part of the management of asset and liability portfolios are
separately identified and income or expense is accrued and included in "interest income"
or "interest expense".
Unrealised gains on transactions which are marked to market are included in "Interest
and other accounts receivable" in the consolidated balance sheet. Unrealised losses on
transactions which are marked to market are included in "Interest and other accounts
payable" in the consolidated balance sheet.
The fair values have been estimated by management using available market information
and appropriate valuation methodologies.
(h) Derecognition
A financial asset is derecognised when the Group loses control over the contractual rights
that comprise that asset. This occurs when the rights expire, are realised or are
surrendered. A financial liability is derecognised when it is extinguished.

(i) Impairment
Financial assets are reviewed at each balance sheet date to determine whether there is
objective evidence of impairment. If any such indication exists, the asset's recoverable
amount is estimated.
(i) Held-to-maturity assets
The recoverable amount of the Groups' investments in held-to-maturity assets is
calculated as the present value of expected future cash flows, discounted at the
original effective interest rate inherent in the asset.

(ii) Available-for-sale assets
The recoverable amount of the Group's. available-for-sale assets is calculated
based on net assets valuation and revenue multiple valuation method.
(iii) Reversals of impairment
An impairment loss in respect of a financial asset is reversed if the subsequent
increase in recoverable amount can be related objectively to an event occurring
after the impairment loss was recognised.
() Furniture, fixtures and equipment
Furniture, fixtures and equipment are stated at cost less depreciation, which is provided at
rates calculated to write off the cost over the estimated useful life of each asset on a
straight-line basis. As the costs involved are not material to the Group, no separate
disclosure is made in the notes to the accounts.
(k) Investment in subsidiaries
Subsidiaries are those enterprises controlled by the Group. Control exists when the
Group has the power, directly or indirectly, to govern the financial and operating policies
of an enterprise so as to obtain benefits from its activities.
The financial statements ofthe subsidiaries are included in the consolidated balance sheet
from the date that control effectively commences until the date that control effectively
ceases.
Under the Group there are three wholly-owned subsidiaries, namely Hang Seng Bank
Trustee (Bahamas) Limited, Hang Seng Insurance (Bahamas) Limited and Silver Jubilee
Limited. All of them are incorporated under the laws of The Commonwealth of The
Bahamas:
(1) Retirement scheme
The Group operates a defined contribution scheme for the benefit of the local staff in The
Bahamas.
The Group also. provides retirement benefits to the expatriate staff through a defined
benefit scheme operated by its immediate holding company. The costs of the scheme-are
assessed in accordance with the advice of qualified actuaries so as to recognise the cost of
retirement benefits on a systematic basis over employees' service lives. As the costs
involved are not material to the Group, no separate disclosure is made in the notes to the
consolidated financial statements.

(m) Insurance fund
The insurance fund represents an initial contribution of $10,280,000 from the
shareholders, based on professional advice together with 40% of the gross premiums
written in subsequent years. The purpose of the insurance fund is to maintain adequate
provisions to cover future claims. There were no claims to date.
2. Transactions with related parties
In the normal course of business, the Group enters into transactions with its intermediate and
immediate holding companies and fellow subsidiaries. The transactions were priced at
relevant market rates at the time of each transaction, and were under the same terms as those
available to other counterparties. Balances with these related parties as at 31 December 2004
and 2003 are summarized below:

2004 2003

Cash in hand and balances with banks $ 203,840 118,488

Amount due from immediate holding company 3,155,992 1,640,562

Money at call and time deposits
with banks 247,628,663 753,078,444

Interest and other accounts receivable 15,803,798 7,292,006

Amount due from a fellow subsidiary 2,159,081,414 2,533,778,899

Amount due to immediate holding company 7,184,540,548 6,898,302,323

Amount due to fellow subsidiaries 264,023,190 217,537,846

Dividend payable 214,760,000

Interest and other accounts payable 7,689,642 16,847,953

Interest rate swap contracts 569,494,868 812,802,218


The Group leases the office premises utinder an operating lease with group companies (note
11) and has an option to renew the contract prior to the expiration of the lease. The lease
does not include contingent rental nor impose special restrictions on the operation of the
Group.

3. Loan to investee company
The loan to investee company in unsecured, interest free and has no fixed repayment terms.
Management does not expect the loan to be repayable within 5 years.
4. Investments

2004 2003

Held-to-maturity securities:
Debt securities (note 7(g)) $ 3,604,810,514 3,173,151,118

Available-for-sale investment:
Unlisted equity investments 1,696 1,696

$ 3,604,812,210 3.173,152,814


Available-for-sale investment comprises a 4.75% (2003 4.75%) investment in
iBusinessCorporation.com Holdings Limited, an investment holding company. The carrying
value, representing investment cost, amounted to $1,696 (2003 $1,696). There are no
market values for this investment and there have not been any recent transactions that provide
evidence of the current fair value. In addition, discounted cash flow techniques yield a wide
range of fair values due to uncertainty regarding future cash flows based on the high risk
nature of the industry. A/st'ch, discounted cash flow techniques do not provide a reliable
measure of fair values.
5. Deposits and current accounts

2004 2003"

Deposits from customers $ 1,180,950,378 1,056,091,522


- r 3,


-- I_ I---- It-a,








PAGE 68, SATURDAY, APRIL 30, 2005


TRIBUNE SPORTS


6. Share capital

2004 2003

Authorised, issued and fully paid -
1,000,000 shares of $1 each S$ 1,000,000 1,000,000


7. Maturities of assets and liabilities


(1)


2004 2003

Amount due from immediate holding company

Within 1 month S 3,155,992 1,640,562

Money at call and time deposits with
banks

Within 1 month $ 2,117,152,506 2,288,205,746
Between 1 -3 months 345,398,673 347,545,781
Between 3 6 months 160,906,070 13,126,000
Between 6 12 months 61,203,865 -
$ 2,684,661,114 2,648,877,527

Certificates of deposit

Within 1 month $ 170,276,095-
Between 1 -3 months 103,518,633
Between 3 6 months 43,723,480
Between 6 12 months 103,881,803
Between I -5 years 41,309,825 -
S 462,709,836

Loan to investee company

More than 5 years $ 576,924 576,924


Interest and other accounts receivable

Within 1 year S 47,594,011 44,169,009
Between 1 to 5 years 722,120 23,789
$ 48,316,131 44,192,798


2004 2003

Amount due from afellow subsidiary

Within 1 month $ 2,159,081,414 2,533,778,899

Held-to-maturity securities (note 4)

Within 1 month $ 35,439,717 109,554,405
Between 1 3 months 189,873,146 152,225,271
Between 3 6 months 141,931,081 274,704,842
Between 6 12 months 517,474,075 481,515,304
Between 1 5 years 2,689,224,457 2,155,151,296
More than 5 years 30,868,038
$ 3,604,810,514 3,173,151,118


Amount due to immediate holding company

Within 1 month $ 7,184,540,548 6,898,302,323

Amount due to fellow subsidiaries

Within 1 month $ 264,023,190 217,537,846



Deposits and current accounts

Within 1 month $ 1,086,174,101 954,188,159
Between 1 -3 months 91,984,029 96,000,365
Between 3 6 months 1,995,334 5,108,538
Between 6 12 months 796,914 794,460

S1,180,950,378 1,056,091,522



Dividend payable

Within 1 year$ 214,760,000


2004 2003

Interest and other accounts payable

Within 1 year $ 11,889,155 21,939,512
Between 1 5 years 1,090,815

S 11,889,155 23,030,327


8. Geographical distribution of assets and liabilities

2004 2003


(a) Amount due from immediate holding company

Asia-Pacific 100 100

(b) Money at call and time deposits with
banks

Americas 4 5
Asia-Pacific 35 54
Australia 2 6
Europe 59 35
100 100

(c) Certificates of deposit

Americas 6
Australia 51
Europe 43
100

(d) Loan to investee company

Asia-Pacific 100 100

(e) Amount due from afellow subsidiary

Americas 100 100


2004 2003
% %

f) Investments

Americas 39 44
Asia-Pacific 5 4
Australia 14 16
Europe 41 35
New Zealand I 1
100 100

(g) Amount due to immediate holding company

Asia-Pacific 100 100


(h) Amount due to fellow subsidiaries

Americas 1 1
,Asia-Pacific 99 99
100 100


(i) Deposits and current accounts

Asia-Pacific 100 100


9. Financial instruments
Financial assets of the Group include cash in hand and balances with banks; amount due from
immediate holding company; money at call and time deposits with banks; certificates of
deposit; loan to investee company; amount due from a fellow subsidiary and investments.
Financial liabilities of the Group include amount due to immediate holding company; amount
due to fellow subsidiaries and deposits and current accounts. Accounting policies for financial
assets and liabilities are set out in note 1.
(a) Interest rate and credit risks
The Group's financial assets and liabilities which were exposed to interest rate risk at
31 December 2004 and 2003 were as follows:


Effective Interest
Interest rate type Terms Total

2004
Financial assets:


Money at call and time deposits
with banks

Certificates of deposit

Amount due from a fellow subsidiary

Held-to-maturity securities:
Debt securities


Financial Liabilities:

Amount due to immediate holding
company

Amount due to fellow subsidiaries

Deposits and current accounts

2003

Financial assets:

Money at call and time deposits
with banks

Certificates of deposit

Amount due from a fellow subsidiary

Held-to-maturity securities:
Debt securities


Financial Liabilities:


Amount due to immediate holding
company

Amount due to fellow subsidiaries

Deposits and current accounts


3.87% Fixed (i) 2,684,661,114

5.73% Fixed (i) 462,709,836


0.94%


Fixed (i) 2,159,081,414


4.03% Fixed/
Floating (ii)


0.81%


(i) 3,604,810,514


Fixed (i) 7,184,540,548


0.49% Fixed (i) 264,023,190
2.12% Fixed (i) 1,180,950,378


2.81% Fixed (i) 2,648,877,527

Fixed (i) -


0.75%


Fixed (i) 2,533,778,899


3.65% Fixed/
Floating (ii)


(i) 3,173,151,118


0.63% Fixed (i) 6,898,302,323

0.03% Fixed (i) 217,537,846

1.12% Fixed (i) 1,056,091,522


The Group follows the Hang Seng Bank Group's established policies and systems for
monitoring and control of credit risk. Credit approval and review are governed by
established guidelines and procedures and the application of a standard facility grading
system.
(i) Maturity profile is set out in note 7.
(ii) Floating rate is reset regularly.
(ii) In addition to the above, the Group also enters into off-balance sheet financial
instruments to manage its interest rate exposure. The following tables give the
contractual or notional amounts, credit equivalent amounts and risk-weighted
amounts of these transactions. The credit equivalent amounts are calculated for
the purposes of deriving the risk-weighted amounts. These are assessed in
accordance with the status of the counterparty and the maturity characteristics.
The risk weights used range from 0% to 50% for interest rate contracts.


Credit
Contract equivalent Risk-weighted
amount amount amount





2004

Off-balance sheet financial
instruments:

Interest rate contracts:
Interest rate swaps $ 889,062,808 10,944,840 2,188,968


2003

Off-balance sheet financial
instruments:

Interest rate contracts:
Interest rate swaps $ 988,089,353 8,823,825 1,764,765


The contractual or notional amounts of these instruments indicate the volume of
transactions outstanding at the balance sheet date; they do not represent amounts at
risk.
The credit equivalent amount of these instruments is measured as the sum of positive
mark-to-market values and the potential future credit exposures.

No derivative contract was entered into by the Group for dealing purpose during the
year.
The maturity profile of the above interest rate contracts categorised by the remaining
period from the balance sheet date to the contractual maturity date is as follows:

2004 2003

Within 1 year $ 206,747,473 269,532,985
Between 1 to 5 years $ 682,315,335 718,556,368
Total $ 889,062,808 988,089,353


(b) Fair values
The following table is a comparison of the carrying amounts and fair values of all the
Group's financial assets that are not carried at fair value.


2004
Carrying
Amount


2004 2003
Fair Carrying
value amount


Certificates ofdeposit
-Listed 5 106,105,770 105,932,959
Unlisted 356,604,066 356,466,216 -
462,709,836 462,399,175
Held-to-maturity securities:
Debt securities
-Listed 3,247,764,105 3,249,816,936 3,012,989,927 3,025,590,990
-Unlisted 357,046,409 356,783,080 160,161,191 160,335,433
3,604,810,514 3,606,600,016 3,173,151,118 3,185,926,423
Available-for-sale investments:
Unlisted equity investments 1,696 1,696

At 31 December $ 4,067,522,046 4,068,999,191 3,173,152,814 3,185,926,423

The estimation of fair value was based on quoted market prices at the balance sheet
date without any deduction for transaction costs.
No fair value for available-for-sale investments was disclosed above as there was no
market price quoted for these investments and it is not practical to estimate a market
value for these investments.
(c) Hedges of anticipated future transactions
There are no off-balance sheet financial contracts outstanding at the balance sheet date
as hedges of anticipated future transactions.


_ __ ,_I








TRIBUNE SPORTS SAl UtIL)AY, AI-'KIL 30, 2005, PAGE 7B


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10. Forward asset purchase commitment
Forward asset purchase commitment:
Commercial paper
Credit
Contract equivalent Risk-weighted
amount amount amount
2004 -
2003 15,767,850 15,767,850 3,153,570
The maturity profile of the above commitment categorized by the remaining period from
the balance sheet date to the contractual maturity date is as follows:
2004 2003
Within 1 year $ 15,767,850

11. Operating leases
Leases as lessee:
Non-cancelable operating lease rentals are payable as follows:
2004 2003
Less than one year $ 37,458 23,679
Between 1 to 5 years 16,572 41,430
$ 54,030 65,109

12. Subsequent event
The current accounting policy for held-to-maturity securities is set out in note 1(f) above. On 1
January 2005, as a result of a change in the Group's investment policy, the Bank has reclassified
most of its held-to-maturity securities as available-for-sale securities, which are measured at
fair value with holding gains and losses reported under a reserve in the shareholder's equity.
The fair value of the held-to-maturity securities at 31 December 2004 reclassified as available-
for-sale was $3,498,139,859. The revaluation gain reported under a reserve in the shareholders'
equity was $4,463,756. The remaining securities have been reclassified as designated as
trading. The fair value of the held-to-maturity securities at 31 December 2004 reclassified as
designated as trading Was $570,859,332. No restatement of the 2004 accounts is required.


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t-Lat: B, SAI UMUAY, /rlt-IL jU, ZUU


I ERNST& YOUNG


SChrtered Accoutants
One Montague Place
Third Floor
East Bay Street
P.O. BoxN-3231
Nassau, Bahamas


a Phone: (242)502-6000
Fax: (242) 502-6090
www.ey.com


INDEPENDENT AUDITORS' REPORT


To the Shareholder and Directors of
ARNER BANK & TRUST (BAHAMAS) LTD.


We have audited the accompanying consolidated balance sheet of Amer Bank & Trust (Bahamas)
Ltd. (the Bank) as of December 31, 2004. The consolidated balance sheet is the responsibility of
the Bank's management. Our responsibility is to express an opinion on this consolidated balance
sheet based on our audit.

We conducted our audit in accordance with International Standards on Auditing. Those Standards
require that we plan and perform the audit to obtain reasonable assurance about whether the
consolidated balance sheet is free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the consolidated balance sheet. An audit
also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall consolidated balance sheet presentation. We believe
that our audit provides a reasonable basis for our opinion.

In our opinion, the consolidated balance sheet presents fairly, in all material respects, the financial
position of Amer Bank & Trust (Bahamas) Ltd. as of December 31, 2004, in accordance with
International Financial Reporting Standards.





February 21,2005


ARNER BANK & TRUST (BAHAMAS) LTD.

CONSOLIDATED BALANCE SHEET


December 31
2004 2003

ASSETS
Cash and due from banks on demand $ 26,681,025 $ 17,901,641
Deposits with banks 13,620,576 17,952,838
Loans and advances, net of provision (note 3) 16,273,695 13,608,155
Property and equipment (note 4) 748,579 814,107
Accrued income and other assets (note 5) 1,324,657 503,780
Total assets 58,648,532 50,780,521

LIABILITIES AND SHAREHOLDER'S EQUITY
LIABILITIES
Due to banks $ 66,217 $ 35,248
Customers' current and deposit accounts 40,276,980 35,972,470
Accrued expenses 128,916 168,488
Total liabilities 40,472,113 36,176,206

SHAREHOLDER'S EQUITY
Share capital
Authorized, issued and fully paid
5,000,000 common shares of US$1.00 each 5,000,000 5,000,000
Retained earnings 13,176,419 9,604,315
Total shareholder's equity 18,176,419 14,604,315
Total liabilities and shareholder's equity 5 58,648,532 $ 50,780,521

COMMITMENTS (note 8)

Approved By The Board:


David Thain


Director Giovanni Schramli


Director


NOTES TO CONSOLIDATED BALANCE SHEET
December 31, 2004




1. CORPORATE INFORMATION

Amer Bank & Trust (Bahamas) Ltd. (the Bank) was incorporated under the laws of the
Commonwealth of The Bahamas on August 25, 1997 and commenced operations on October 1,
1997. The Bank is licenced under the Banks and Trust Companies Regulations Act to provide a
full range of banking and trust services. The Bank is a wholly-owned subsidiary of Banca Amer
S.A., Lugano, (the Parent).

The Bank's registered office is located at 308 East Bay Street, Nassau, Bahamas. The Bank had
5 employees as of December 31, 2004 (2003 5).

This consolidated balance sheet was authorized for issue by the directors on February 21, 2005.


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of preparation

The consolidated balance sheet is prepared in accordance with International Financial Reporting
Standards, which comprise standards issued or adopted by the International Accounting
Standards Board and interpretations issued by its Standing Interpretation Committee, and is
expressed in United States dollars (US). The preparation of this consolidated balance sheet
requires management to make estimates and assumptions that affect the reported amounts in the
consolidated balance sheet and accompanying notes. Actual results could differ from those
estimates.

The balance sheet has been prepared under the historical cost convention, except for the
measurement at fair value of financial assets and liabilities.

Basis of consolidation

The accompanying consolidated balance sheet includes the-accounts of the Bank and its wholly
owned subsidiaries, World Management & Consulting Limited, a company incorporated -under
the laws of the British Virgin Islands, and Beaumont Nominees Limited, a company incorporated
under the laws of the Commonwealth of The Bahamas. Significant intercompany accounts have
been eliminated on consolidation.


Cash and cash equivalents

For the purposes of the cash flow statement, cash and cash equivalents consists of cash on hand
and amounts due from banks with an original maturity of 3 months or less.

Loans and advances

Secured loans and advances are stated at the principal amount outstanding, being the amount of
the consideration given, less any provision for losses. Management's periodic evaluation of the
adequacy of the provision is based on the Bank's past credit.loss experience, known and inherent
risks in the portfolio, adverse situations that may affect the borrower's ability to repay the
estimated value of any underlying collateral and current economic conditions.

Property and equipment

Property and equipment are stated at cost less accumulated depreciation, computed on a straight-
line basis over the estimated useful lives of the assets as follows:


Freehold property
Leasehold improvements
Furniture and equipment


20 years
5 years
3 years


The carrying amounts of property and equipment are reviewed at each balance sheet date to
assess whether they are recorded in excess of their estimated recoverable amounts, and when
carrying values exceed this estimated recoverable amount, assets are written down to their
recoverable amount.

Accrued income and other assets

Accrued income and other assets are recognized and carried at cost.


Customers' current and deposit accounts

Customers' current and deposit accounts are recognized at cost, being the amount of the.
consideration received.

Accrued expenses

Accrued expenses which are normally settled on 30-60 day terms, are carried at cost which is the
fair value of the consideration to be paid in the future for goods and services received.

Taxation

There are no income taxes imposed on the Bank in the Commonwealth of The Bahamas.

Assets under administration

The Bank provides custody, trustee, investment management and advisory services to its clients.
No account is taken in this consolidated balance sheet of assets and liabilities of clients managed
by the Bank or its subsidiaries as custodian, trustee or nominee, other than those assets and
liabilities which relate to the banking services provided by the Bank or its subsidiaries for their
clients.

Foreign currency translation

The Bank's functional currency is US dollars; however it transacts business in currencies other
than US dollars. Monetary assets and liabilities denominated in foreign currencies are translated
at year-end exchange rates.

Impairment and uncollectibility of financial assets

An assessment is made at each balance sheet date to determine whether there is objective
evidence that a financial asset may be impaired. If such evidence exists, the carrying amount of
the asset is reduced to its estimated recoverable amount either directly or through the use of an
allowance account. No such allowances have been recorded at December 31, 2004.

Trade date accounting

All "regular way" purchases of financial assets are recognized on the "trade date", i.e., the date
that the Bank commits to purchase or sell the asset. All regular way sales of financial assets are
recognized on the "settlement date", i.e., the date the asset is delivered to the counterparty.,
Regular way purchases or sales are purchases or sales of financial assets that require delivery of
assets within the time frame generally established by convention in the market place.

Related party balances

The Bank's Parent, Banca Amer S.A., Lugano, and its subsidiaries are related parties. All
balances with related parties are disclosed in the consolidated balance sheet.

3. LOANS AND ADVANCES

2004 2003

Loans $ 11,592,797 $ 12,490,650
Advances 4,705,898 1,682,181
16,298,695 14,172,831
Provision for loan losses (25,000) (564,676)

$ 16,273,695 $ 13,608,155

Loans and advances are denominated primarily in United States dollars and Euros. Loans and
advances are secured primarily by cash and diversified securities. The total lending value of all
co'lateral held against loans and advances at December 31, 2004 was $64,730,859 (2003 -
$26,186,621).

At December 31, 2004, there are no loans or advances on which interest is not being accrued, or
where interest is suspended (2003 nil).

4. PROPERTY AND EQUIPMENT


Freehold Leasehold


Office Furniture


Property Improvements & Equipment Total
Cost:
Balance at beginning of year $ 727,826 $ 310,125 $ 134,480 $ 1,172,431
Additions 8,098 13,888 21,986
Balance at end of year 735,924 324,013 134,480 1,194,417
Depreciation:
Balance at beginning of year 72,260 152,316 133,748 358,324
Charge for the year 51,385 35,397 732 87,514
Balance at end of year 123,645 187,713 134,480 445,838
Net book value
December 31,2004 $ 612,279 $ 136,300 $ 748,579

Net book value
December 31, 2003 $ 655,566 $ 157,809 $ 732 $ 814,107


5. ACCRUED INCOME AND OTHER ASSETS

2004 2003

Accrued income $1,160,283 $ 357,576
Other assets 164,374 146,204
$ 1,324,657 $ 503,780


6. DIVIDEND

On August 3, 2004, the Board of Directors declared and paid a dividend of US$4,000,000.


7. RELATED PARTY BALANCES

During the year the Bank placed deposits with its parent, Banca Amer S.A., Lugano. Balances
in the consolidated balance sheet include the following amounts related to the parent (in
thousands of dollars):

2004 2003

Cash and due from banks on demand$ $25,233 $ 18,220



8. COMMITMENTS

Credit-related commitments

Credit-related commitments include commitments to extend credit, standby letters of credit
guarantees and acceptances which are designed to meet the requirements of the Bank's
customers. They commit the Bank to make payments on behalf of customers contingent upor
the failure of the customer to perform under the terms of the contract.

The Bank has the following credit related commitments (in thousands of dollars):

2004 2003

Commitments on behalf of customers:
Guarantees $ 7,533 $ 12,801

The Bank has entered into a lease which expires in 2006. The future annual minimum lease
payments under this lease to which the Bank is committed are as follows:


2005
2006


$ 87,500
$ 87,500


9. FINANCIAL INSTRUMENTS

The Bank's financial instruments, other than derivatives, comprise deposits, money market assets
and liabilities, some cash and liquid resources, and other various items that arise directly from its
operations.

Financial risk management objectives and policies

The main risks arising from the Bank's financial instruments are credit risk, liquidity risk,
interest rate risk and foreign currency risk. The Board reviews and agrees policies for managing
each of these risks, which are summarized in the following notes.

Net fair value

Financial instruments utilized by the Bank include recorded assets and liabilities, as well as items
that principally involve off-balance sheet risk. The majority of the Bank's financial instruments
are either short-term in nature or have interest rates that automatically reset to market on a
periodic basis. Accordingly, the estimated fair value is not significantly different from the
carrying value for each major category of the Bank's recorded asset and liability.


I I _


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TRIBUNE SPORTS


SATURDAY, APRIL 30, 2005, PAGE 9B


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F.'
F,
F.'
F,;











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F"







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Non-
Due on Up to 1 Up to 3 3 to 12 maturity
demand month months months items


ASSETS
Cash and due from
banks on demand
Deposits with banks
Loans and advances
Property and
equipment
Accrued income and


$17,901
16,811
13,609


$ -


$
1,142


$ -


Total


$17,901
17,953
13,60%


814 814


other assets 504 504

$48,825 $ $1,142 $ $ 814 $50,781

Non-
Due on Uptol Upto 3 3 to 12 maturity
demand month months months items Total


LIABILITIES AND
SHAREHOLDER'S
EQUITY
Due to banks $ 35 $ $ $ $ -$ 35
Customers' current and
deposit accounts 34,830 1,142- 35,972
Accrued expenses 169 169
Shareholder's equity 14,605 14,605

$ 35,034 $ $ 1,142 $ $14,605 $ 50,781


12. INTEREST RATE EXPOSURE

Exposure to interest rate risk is the risk that arises where there is an imbalance between rate and
non rate-sensitive assets and liabilities. The Bank's policy is to maintain the interest rate risk
within the prescribed limits. Interest rate risk is monitored on a daily basis and reviewed by
management.


The Bank's exposure to interest rates for significant interest-bearing monetary assets and
liabilities by major currencies was as follows at December 31, 2004:


10. CREDIT RISK

Credit risk is the risk that a customer or counterparty~ will be unable or unwilling to meet a
commitment that it has entered into with the Bank. The Bank manages counterparty credit risk
centrally to optimize the use of credit availability and to avoid excessive risk concentration.

Customer credit risk is monitored on a daily basis by management. For details of the
composition of loans and advances, refer to note 3.

The Bank's maximum exposure to credit risk (not taking into account the value of any collateral
or other security held) in the event the counterparties fail to perform their obligations as at
December 31, 2004 in relation to each class of recognized financial asset other than derivatives,
is the carrying amount of those assets as indicated in the consolidated balance sheet.



11. LIQUIDITY RISK

Liquidity risk is the risk that the Bank will encounter difficulty in realizing assets or otherwise
raise funds to meet commitments. The Bank monitors expected cash outflow on a daily basis.
Its policy throughout the year has been to ensure liquidity by maintaining at all times sufficient
high quality liquid assets to cover expected net cash outflow.

The maturity profile of the assets and liabilities at December 31, 2004 (in thousands of dollars),
was as follows:

Non-
Due on Up to 1 Up to 3 3 to 12 maturity
demand month months months items Total
ASSETS
Cash and due from
banks on demand $ 26,681 $ $ $ $ $26,681
Deposits with banks 11,663 1,958 13,621
Loans and advances 14,732 1,542 16,274
Property and
equipment 748 748
Accrued income and
other assets 1,325 -1,325

$ 54,401 $ $ 1,958 $ 1,542 $ 748 $ 58,649



Non-
Due a Up to 1 Up to,3 3 to 12 maturity
demand month months months items Total
LIABILITIES AND
SHAREHOLDER'S
EQUITY
Due to banks $ 66 $ $ $ $ $ 66
Customers' current and
deposit accounts 36,777 1,958 1,542 40,277
Accrued expenses 129 129
Shareholder's equity -18,177 '18,177

$ 36,972 $ $1,958 $ 1,542 $ 18,177 $ 58,649


The maturity profile of the assets and liabilities at December 31, 2003 (in thousands of dollars)
was as follows:


a I us at
















I2g


United States
Dollars Euro

ASSETS
Deposits with banks 2.100% 1.875%
Loans and advances 4.500% 4.250%

LIABILITIES
Customers' current and deposit accounts 1.750% 1.500%



The Bank's exposure to interest rates for significant interest-bearing monetary assets and
liabilities by major currencies was as follows at December 31, 2003:

United States
Dollars Euro

ASSETS
Deposits with banks 0.875% 1.875%
Loans and advances 3.375% 4.375%

LIABILITIES
Customers' current and deposit accounts 0.625% 1.500%


13.. CURRENCY RISK

Currency risk is the risk that the value of a financial instrument will fluctuate because of changes
in foreign exchange rates. The Bank's foreign exchange exposure arises from providing services
to customers for which fees are paid in foreign currencies. The Bank's policy is to sell these
foreign currencies for US dollars on a monthly basis. Currency exposure is monitored on a daily
basis and reviewed by management.

Breakdown of assets and liabilities (in thousands of dollars):


December 31, 2004
US EUR Other Total
ASSETS I
Cash and due from banks on demand $ 58,21 18,666 $ 2,394 26,681
Deposits with banks 8,100 4,190 1,331 13,621
Loans and advances 2,099 13,742 433 16,274
Property and equipment 748 748
Accrued income and other assets 1,325 1,325
Total assets $ 17,893 $ 36,598 $4,158 $58,649

December 31,2004
US EUR Other Total
LIABILITIES AND
SHAREHOLDERS' EQUITY
Due to banks $ $ s 66 $ 66
Customers' current and deposit accounts 1,286 34,906 4,085 40,277
Accrued expenses 129 129
Shareholder's equity 18,177 18,177
Total liabilities and shareholder's equity $19,592 $ 34,906 5 4,151 $ 58,649

Net exposure $ (1,699) S 1,692 $ 7 s

December 31, 2003
US EUR Other Total
ASSETS
Cash and due from banks on demand $ 5,132 $ 11,703 $1,067 $17,902
Deposits with banks 13,660 3,674 619 17,953
Loans and advances 3,839 9,327 442 13,608
Property and equipment 814 814
Accrued income and other assets 504 504
Total assets $23,949 $ 24,704 $2,128 $50,781

LIABILITIES AND
SHAREHOLDERS' EQUITY
Due to banks $ $ 35 $ $ 35
Customers' current and deposit accounts 9,126 24,826 2,020 35,972
Accrued expenses 169 169
Shareholder's equity 14,605 14,605
Total liabilities and shareholder's equity $ 23,900 $ 24,861 $ 2,020 $50,781

Net exposure $ 49 $ (157) $ 108 $

14. CONCENTRATIONS

Concentrations arise when a number of counterparties are engaged in similar business activities,
or activities in the same geographic region, or have similar economic features that would cause
their ability to meet contractual obligations to be similarly affected by changes in economic,
political or other conditions. Concentrations indicate the relative sensitivity of the Bank's
performance to developments affecting a particular industry or geographic location.



The distribution of assets anru aUDItm es oy geographic region (in thousands of dollars) was as
follows:

2004 2003
Assets Liabilities Assets Liabilities

Geographic region
Bahamas and Caribbean $43,188 $16,758 $ 9,877 $ 21,398
Europe 15,037 23,106 40,904 14,778
Other 424 608 -
$ 58,649 $ 40,472 $ 50,781 $36,176

15. COMPARATIVE FIGURES

Certain 2003 figure shave been reclassified to confirm with the consolidated balance sheet
presentation adopted for 2004.


_ _LI_ Lh-. II


Total









PAGE lOB, SATURDAY, APRIL 30, 2005 TRIBUNE SPORTS


APRIL 30, 2005


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CBC steps in when a gangster unites Chicago's mobs. son. A couple's marriage unravels in the wake of a tragedy. (CC)
00) Tim The Suze Orman Show (CC) The Suze Orman Show Learn to Tim Russert
CNB ussertsay no. (N) (CC)
C:00) The Capital CNN Presents "Immigrant Nation, Larry King Live CNN Saturday Night
Gang' .Divided Country"
00) Mad TV Wanda Sykes: Tongue Untied Chappelle's Chappelle's South Park Mr. South Park "Die
COM TheJeffersons (CC) Show Music Show'Trading Garrison's sex Hippie, Die" (CC)
'99."n (CC) guest Fat Joe. Spouses." (CC) changes. (CC)
COURT Cops C (CC) Forensic Files Forensic Files Body of Evi- Body of Evi- Dominick Dunne: Power, Privilege
"Stick'em Up" ence dence & Justice Ruthann Aron.
That's So Raven ** I DOUBLE TEAMED (2002, Drama) Annie McElwain, Poppi Mon- American Drag- The Suite Life of
DISN "On Top of Old roe, Chris Olivero. Twin sisters Heather and Heidi Burge make it to the on: Jake Long Zack & Cody
Oaky" WNBA. (CC) (CC) "Footloser
DIY Grounds for Im- Celebrity Hob- Radio Control Wood Works Woodturning Warehouse Warriors
provement bies Hobbies Techniques
DW Euromaxx The Journal In Focus The Journal Gute Reise TV The Journal Euromaxx
E! Emmanuel 50 Most Outrageous TV Moments A countdown of the most startling Saturda Night Live Megan Mullal-
SLewis moments on television. ly; Clay Aiken. (CC)
ESPN (:00 SortsCen- NBA Basketball Eastern Conference First Round Game 4 -- Boston Celtics at Indiana Pac- NBA Basketball
PN ter (CC) ers. From Conseco Fieldhouse in Indianapolis. (Live) C (CC)


ESPNI


IndyCar Racing Indy Japan 300. From Motegi, Japan. (Taped)


SportsCenter --International Edi- NBA Basketball I
tion (Live) ESPNI


EWTN Daily Mass: Our Jesus, Living in Mary: The Life of St. Louis de The Holy Rosary Fr. John Corapi
EWTN Lady MontfortI
FIT TV (:00) Trainer for Ultimate Goals A hockey fan wants No Opportunity Wasted "Bull Rid- Health Cops: New Orleans "Phat
I V a Day 2005 n to lose weight. ner" n (CC) 2s'Day" C (CC)
FOX-N (:00) Fox Report Healand With John Kasich In Big Story Weekend Edition With At Large With Geraldo Rivera
___-________ Columbus, Ohio. (Live) Rita Crosby (Live) (Live)
FSNFL (:00) MLB Baseball Florda Martins at Philadelphia Phillies. From Citizens Bank Park in FOX Sports Net The Sports List
FS L Philadelphia. (Subject to Blackout) (Live) Across America
GOLF olf Central Big Break III: Ladies Only PGA Golf: Nationwide Tour -- BMW
GOLF (Live) Charity Pro-Am
GSN 00) Do Eat Who Wants to Be a Millionaire C Card Sharks Card Sharks Card Sharks Card Sharks
GSN Dogl(CC) (CC) I I I
G4Tech Judgment Day Icons Tim Schafer Game pro- X-Play X-Play Formula D Street Fury
___,______ grammer Tim Schafer.II
MERMAID (2000, Drama) Jordelle Ferland, Samantha ** k RUN THE WILD FIELDS (2000, Drama) Joanne Whalley, Sean
HALL Mathis, Ellen Burstyn. A family helps a girl who has lost Patrick Flanery, Alexa Vega. Patriotic townspeople object to an itinerant
her father. (CC) pacifist. (CC)
Sensible Chic Love It or Lose It Rooms That Designed to Sell My Parents' Changing neat C (CC)
H GTV Media lounge Loft is redesigned. Rock "After Preparing a House C Rooms "Wood-
project. A (CC) C (CC) School Funky" home for sale. ford Green" Cl
INSP 00) Old Time Gaither Homecoming Hour Legends of Southern Gospel Christian Artist I Gospel (N)
INSP Gospel Hour Talent Search ,
S* KRIPPENDORF'S TRIBE (1998, Comedy) Will & Grace Will & Grace Friends Monica Everybody
KTLA Richard Dreyfuss, Jenna Elfman. A desperate anthro- Grace's slovenly Grace's former interrupts Joey & Loves Raymond
pologist creates a fictional tribe. C new neighbor. classmate dies. Ross' game. (CC)
** THE BABYSITTER'S SEDUCTION (1996, Sus- ** WHERE THE HEART IS (2000, Drama) Natalie Portman, Ashley
LIFE pense) Keri Russell, Stephen Collins. A baby sitter is Judd, Stockard Channing. Kind townspeople befriend an abandoned teen
drawn into the murder of a client's wife. (CC) and her infant. (CC)
MSNBC 6:00) MSNBC MSNBC Reports "On the Run" (N) MSNBC Investigates: Pamela White House Correspondents' As-
*Reports Smart, A Deadly Affair sociation Dinner (Live)


NICK


Zoey101
(CC)


Ned's Declassi- Drake & Josh All That C (CC) The Amanda
fied School "Mindy's Back" Show C (CC)


Full House C Full House )
(CC) (cC) NICK


NTV (:00) Mutant X Zoe Busiek: Wild Card "Blind in a W-FIVE Used car sales. (N) Cl News C (CC) NTV Entertain-
NTV "Possibilities" Bind" Cl (CC) (CC) ment News
S(:00) Summer Bull Riding PBR. Fearless
OLN evolution
SPEED NASCAR Live NASCAR Racing Craftsman Truck Series -- Dodge Ram Tough 200. From Gateway Interna- Auto Racing:
E (Live) tional Raceway in St. Louis. (Live) USAR
(:00) The Coral In Touch (CC) Hour of Power (CC) Billy Graham Classic Crusades
TBN Ridge Hour (CC)
(:00) MLB Baseball St. Louis Cardinals at Atlanta Braves. From Turner Field in Atlanta. *** EXECUTIVE DECISION
TBS (Live) (CC) (1996, Suspense) (PA) Kurt Russell,
Halle Berry. (CC)
(:00) What Not Moving Up Heather and her Trading Spaces "Napa: Jefferson While You Were Out Redoing the
TLC to Wear Lack of boyfriend do work that on their prop- Street" Doug Wilson and Laura Day headquarters of Project Row House
style. (CC) erties. (N) design. (N) "in Houston. (N)
NBA Basketball: Law & Order "Past Imperfect" A for- * ALI (2001, Biography) Will Smith, Jamie Foxx, Jon Voight. Based
TNT First Round mer model's death reveals a dark on the life story of legendary boxer Muhammad Ali. (CC)
past and shady characters.
TOON Rave Master Teen Titans The Batman Justice League Zatch Bell "The One Piece Cl One Piece C '
TO N "Origins: Shiba" 'The Big Chill" Unlimited Third Spell" (CC) (CC)
TV5 Paris-Montreal Dalida id6ale (:15) Josphine Baker en couleur (15) A quoi qa TV5 Le Journal
SiJosephine Baker. rime?
TWC (5:00) PM Edi- Storm Stories Storm Stories Evening Edition (CC)
TWO tion(CC) (CC) (CC)
(:00) Asi Es... Sdbado Gigante Concurso Miss Primavera 2005; Grupo La Onda; el juicio de Michael Jackson.
UNIV Gilberto Gless
Maribel Guardia.
(:00) Law & Or- Law & Order: Special Victims Unit Law & Order: Special Victims Unit Law & Order: Special Victims Unit
USA der: Special Vic- A child dies after being in atten- An expectant mother is abducted "Manic" High-school basketball play-
tims Unit Cl dance at a prayer vigil. (CC) during a car jacking. (CC) ers are gunned down. Cl
VH1 AUSTIN POW- The Surreal Life Cl (CC) 40 Least Hip Hop Moments Cn
VH ERS:MYSTERY
(:00) MLB Baseball Detroit Tigers at Chicago White Sox. From U.S. Cellular Field in Chica- WGN News at Nine n (CC)
WGN go. (Live) Cl (CC)
(:00) MLB Baseball New York Mets at Washington Nationals. From RFK Stadium in Wash- WB11 News at Ten Weekend
WPIX ington, D.C. (Live) Edition With Peter Thorne and
Mary Murphy (CC)
Jeopardy! (N) Star Trek: Enterprise "In a Mirror, America's Next Top Model 'The Star Trek: Enterprise "In a Mirror,
WSBK (CC) Darkly" (N) Cl (Part 2 of 2) (CC) Girls the Lionesses Are Hunting" C Darkly" C (Part 2 of 2) (CC)

(5:45) ** *** WARM SPRINGS (2005, Docudrama) Kenneth Branagh, Cynthia Boxing John Ruiz vs. James Toney.
HBO-E PHENOMENON Nixon, Jane Alexander. Premiere. Franklin Delano Roosevelt struggles (Live) A (CC)
(1996)'PG' (CC) with polio. C 'NR' (CC)
(6:15) ** NEW Deadwood "Childish Things" Nuttall Six Feet Under "The Dare" Ruth Real Time Sen. Charles Schumer
H BO-P YORK MINUTE unveils his new bicycle. Cn (CC) goes on a fossil hunt with George. (D-N.Y.). C (CC)
(2004) 'PG' (CC) Cl (CC)
(:45) * PHENOMENON (1996, Drama) John Travolta, Kyra Sed wick, Forest Whitaker. Boxing John Ruiz vs. James Toney.
HBO-W A small-town mechanic is gifted with amazing mental powers. A 'PG' (CC) (Live) Cl (CC)
*(6:15) *** THE PREACHER'S ** LOVE ACTUALLY (2003, Romance-Comedy) Alan Rickman, Bill (;45) Short on
H BO-S WIFE (1996, Fantasy) Denzel Niphy, Colin Firth. Various people deal with relationships in London. A Sugar ( (CC)
Washington. C 'PG' (CC) 'R (CC)
(5:30) ** BAD ** S.W.A.T. (2003, Action) Samuel L. Jackson, Colin Farrell, Michelle * ALONG CAME POLLY (2004,
MAX-E BOYS II (2003) Rodriguez. A Los Angeles SWAT team must protect a criminal. C 'PG- Romance-Comedy) Ben Stiller. Pre-
1) 'R'(CC) 13'(CC) miere. A 'PG-13 (CC)
(6:45) ** HOUSE OF SAND AND FOG (2003, * MYSTIC RIVER (2003, Crime Drama) Sean Penn, Tim Robbins,
MOMAX Drama) Jennifer Connelly, Ben Kingsley. An evicted Kevin Bacon. A detective probes the murder of his friend's daughter. C
woman tries to get her house back. l 'R' (CC) 'R' (CC)
(15) * THE CORE (2003, Science Fiction) Aaron Eckhart, Hilary *** STARSHIP TROOPERS (1997, Science Fic-
SHOW Swank, Delroy Lindo. iTV. Earth's dead core must spin again or humanity tion) Casper Van Dien. iTV. Young soldiers battle a vi-
will perish. Cl 'PG-13' (CC) cious army of gigantic bugs. C 'R' (CC)
LARA CROFT ** a IT RUNS IN THE FAMILY (2003, Comedy-Drama) Michael Dou- A GUY THING (2003) Jason Lee.
TMC TOMB RAIDER glas, Kirk Douglas, Rory Culkin. A dysfunctional New York family tries to A groom-to-be wakes up next to his
communicate. C 'PG-13' (CC) fiancee's cute cousin.


SATURDAY EVENING


ESPN Perfiles
(N)


MLB Baseball New York Mets at Washington Nationals. From RFK Stadium in Washington, D.C. (Live)


Father Father Corapi and the Catechism G.K. Cheserton: The Holy Rosary EWTN Live
E N Groeschel of the Catholic Church The Apostle
IT TV (:) No Oppor- Blaine's Low Blaine's Low FitTV's Housecalls A woman wants Health Cops: New Orleans
T T tunity Wasted Carb Kitchen Carb Kitchen to lose weight. C (CC) Stressed-out attorney., (CC)
FOX-NC (:00) Fox Report War Stories With Oliver North Sunday Best The week's best news At Large With Geraldo Rivera
F -Nsegments. (Live)
S Poker Super- Poker Superstars Invitational Boxin Sunday Night Fights. The Sports List Around the
FSNF' stars Tournament (Taped) Track (N)
Golf Central Post Game Show (Live) PGA Golf Nationwide Tour -- BMW Charity Pro-Am -- Final Round. From
GOLF (Live) Greenville, S.C.
GSN a o00) Dog Ecat Super Millionaire Contestants vie Weakest Link ( (CC) Lingo (CC) Lingo (CC)
GSN bog I CC) for escalating prizes. ) (CC)vC Lingo (CC) Lingo (CC)
G4Tech Cinematech Cinematech Cinematech Cinematech neatech Formula D (N) Street Fury
ec Party Games" I"Jade Empire.'
MYSTERY WOMAN: SING ME A MURDER (2005) MCBRIDE: IT'S MURDER, MADAM (2005, Mystery) John Larroquette,
HALL Kellie Martin, Clarence Williams Ill. An amateur sleuth Malta DuBbis, Matt Lutz. An attomey helps an aspinng actress arrested
investigates members of a folk band. (CC) for murder. (CC)
Selling Houses Holmes on Real Renos Buy Me l (CC) Hot Property An Holmes oh Homes "House 2
HGTV "Sheffield" Homes "Exit "Holding Up the idyllic place in Home" l (Part 2 of 2)
Wound" l House" l (CC) Spain. C (CC)
INSP JohnAnkerberg In Touch How God reveals His will. The King Is Voice of Revival Jack Van lmpe Manna-Fest (CC)
IN(Part 2 of 4) (CC) Coming(CC) Presents (CC)
** MY GIANT What I Like What I Like Jack & Bobby Jack, Courtney, Mar- Charmed A demon is capturing in-
KTLA (1998) Billy Crys- About You Holly About You A cus, Missy and Randy to go to an nocents' Guardian Angels and using
tal. Cl plays a prank. (CC) after-dance party. C (CC) them for protection. (CC)
OBSESSED (2002, Suspense) Jenna Elfman, Sam Strong Medicine Andy treats a pa- Strong Medicine Lu helps a former
LIFE Robards, Kate Burton. A medical writer is accused of tient wo is critically inured from drug addict get custody of her chil-
harassing a prominent doctor. (CC) (DVS) falling in a ravine. (CC) dren. (CC)
(:00) MSNBC Investigates Los Angeles County has MSNBC Investigates: White Collar Meet the Press (CC)
MSN BC one of the.largest jail systems in the world. Boxing


Unfabulous n
(CC)


Zoey 101 Beach Romeo! Romeo Full House (CC) Full House (CC) Fresh Prince of The Cosb
party. (N) is jealous. (CC) Bel-Air Show n' (CC)


NTV Extreme Extreme Makeover: Home Edition Desperate Housewives "Fear No News n (CC) News
SMakeover: Home "Dolan Family" (N) (CC) More" (N) Cl (CC)
OLN Rodeo: PRCA Bull Riding PBR Nassau Open. From Uniondale, N.Y. (Taped) E-Force Avalanche Dogs
OLN San Angelo
SP D Speed News NASCAR Victory Lane (Same-day Wind Tunnel With Dave Despain (Live)
PEE Sunday (N) Tape) (CC)
Jack Hayford Joel Osteen Taking Authority Believer's Voice Changin Your Praise the Lord (CC)
TBN (CC) (CC) (CC) of Victory (CC) World(C)
** DUMB& Seinfeld A base- Seinfeld A base- Seinfeld George Seinfeld Jerry Seinfeld"The Seinfeld Jerr
TBS DUMBER (1994) ball hero falls for ball hero falls for impresses his appears on a TV Hot Tub" n (CC) breaks up wit
Jim Carrey. Elaine. Elaine. boss. ft (CC) pledge drive. his girlfriend. A
(:00) David World's Strongest Boy SportsDisasters "Collisions and Sports Disasters Accidents happen
TLC Blaine's Vertigo Crackups" A drag racer hits a wall. to athletes. (CC)
n (CC) (CC)
NBA Pregame NBA Basketball Western Conference First Round Game4 -- Phoenix Suns at Memphis NBA Basketball:
TNT (CC) Grizzlies. From FedEx Forum in Memphis, Tenn. (Live) (CC) First Round
TOON Hi Hi Puffy Ami Totally Spies Atomic Betty Cartoon Cartoon's Greatest Hits Teen Titans Duck Dodgers
TOON Yumi
TV5 (:00)Vivement dimanche Ecrans du Culture et d6pendances TV5 Le Journal
TV5_ monde (SC)
TWC (600PMEdi- Storm Stories Storm Stories Evening Edition (CC)
TWC ionCC) (CC) (CC)__________________
(:00) La Parodia EN ESTA PRIMAVERA (1976, Musical) Juan Gabriel, Estrellita, Merle Ver Para Creer
UNIV Uribe. Una mujer gana el honor de entrevistar a Juan Gabriel.
S* RED DRAGON (2002, Suspense) Anthony Hopkins, Edward Norton, Ralph Fiennes. Kojak Kojak tries to prevent a
USA An FBI agent asks Hannibal Lecter to help him nail a killer. (CC) oung scholar from being dragged
Back into a life of crime.
iV 1 Bad Career 40 Least Hip Hop Moments C Remaking "Vanilla Ice" Vanilla Ice.
VH1 Moves Cl
Home Improve- WHEN HUSBANDS.CHEAT (1998, Drama) Patricia Kalember, Tom Irwin, WGN News at (:40) Instant Re-
WGN ment Tim installs Brenda Vaccaro. A P.I. uncovers evidence that her husband is unfaithful. Nine n (CC) play C (CC)
an engine. n (CC)
(:00) Charmed Charmed A powerful sorceress Steve Harvey's Big Time Chal- WB11 News at Ten Weekend
W PIX Someone to casts a spell on Phoebe so their lenge (N) CT (CC) Edition With Peter Thorne and
Witch Over Me" souls switch bodies. (N) C (CC) Mary Murphy (CC)
That'70s Show CSI: Crime Scene Investigation A CSI: Crime Scene Investigation Red Sox This Red Sox Report
WSBK Red taps Kelso woman is found strangled in a high- The team loses one of its own in a Week
for film role. Cl school press box. C bank heist and gunfight. C\

(6:30)*** X2: X-MEN UNITED (2003, Science Fic- Deadwood "Amalgamation and Entourage "En- Entourage "The
HBO-E tion) atrick Stewart, lan McKellen. A right-wing mili- Capital"Wolcott interrupts the inter- tourage" C (CC) Review" n (CC)
tarist pursues the mutants. C\ 'P-13' (CC) rogation of Mose. (N) C (CC)
(6:30) Boxing a ENVY (2004, Comedy) Ben Stiller, Jack Black, (:45) * EVERYDAY PEOPLE (2004, Drama) Jor-
HBO-P John Ruiz vs. Rachel Weisz. A man becomes jealous of his wealthy dan Gelber. Customers and staff react to an eatery's
James Toney. friend. C 'PG-13' (CC) imminent closing. C 'NR' (CC)
(45) * THAT THING YOU DO! (1996, Comedy-Drama) Tom Everett * X2: X-MEN UNITED (2003, Science Fiction)
H BO-W cott, Liv Tyler, Johnathon Schaech. mall-time roc ers hit it big with a Patrick Stewart, Hugh Jackman. A right-wing militanst
catchy single. C 'PG' (CC) pursues the mutants. A 'PG-13' (CC)
(:00) * WELCOME TO MOOSEPORT (2004, Com- ** UNDEFEATED (2003, Drama) John Leguizamo, Shooter (CC)
HBO-S edy) Gene Hackman. A man runs for mayor against a Clifton Collins Jr. A Puerto Rican boxer tries to cope
former president. C\ 'PG-13' (CC) with his newfound fame. C (CC)
(5:30)** (:15) * AMERICAN WEDDING (2003, Comedy) Jason Biggs, Alyson * THE LEAGUE OF EXTRAOR-
MAX-E THE FIRM (1993) Hannigan, January Jones. Jim and Michelle prepare to get married. n DINARY GENTLEMEN (2003) Sean
'R' (CC) 'NR' (CC) Connery. 'PG-13' (CC)
** ALONG CAME POLLY (2004, Romance-Come- ** THE COOLER (2003, Drama) William H. Macy, (:45) Passion
MOMAX dy) Ben Stiller. A jilted newlywed finds solace with an- Alec Baldwin, Maria Bello. A casino employee falls for Cove 0 (CC)
other woman. ,C 'PG-13' (CC) a cocktail waitress. C 'NR' (CC)
(6:15)** UP- ** BAADASSSSS! (2003, Drama) Mario Van Peebles, Joy Bryant, The L Word "Loud and Proud" (iTV)
SHOW TOWN GIRLS Terry Crews. iTV Premiere. Melvin Van Peebles films a controversial Secrets are revealed. (N) C (CC)
(2003) 'PG-13' movie. n 'R' (CC)
(6:15) *** * MONSTER (2003, Biography) Charlize Theron, Christina Ricci, *** BAD INFLUENCE (1990,
TMC THE OPPOSITE Bruce Dern. Aileen Wuornos kil s seven men and lands on death row. A Suspense) Rob Lowe, James Spad-
OF SEX(1998) 'R'(CC) er. Premiere. C 'R' (CC)


1 - ---- ---- --- -- - ... I


SUNDAY EVENING MAY 1, 2005

7:30 8:00 8:30 9:00 9:30 10:00 10:30

(:00) The Nature Expeditions to the Central Queen Victoria's Empire "Engines of Change/Passage to India" l
WPBT Lawrence Welk African Republic, Guatemala and (Part 1 of 2) (CC)
Show Cambodia (N)(CC)(DVS)
(:00)60 Minutes Cold Case Rush and Valens try to RIDING THE BUS WITH MY SISTER (2005, Docudrama) Rosie O'Don-
O WFOR (N) (CC) connect a murder from 1977 to a nell, Andie MacDowell, Richard T. Jones. Premiere. A photographer bonds
serial killer. (N) n (CC) with her mentally impaired sister. A (CC) (DVS)
(:00) Dateline The Contender A speed bag race Law & Order: Criminal Intent "No Crossing Jordan Garret becomes
B WTVJNBC n (CC) determines who gets to choose the Exit (N) n( (CC) involved with a woman suspected of
fighters. (N) n (CC) murder. (N) C (CC)
Malcolm in the The Simpsons The Simpsons Family Gu American Dad News (CC)
B WSVN Middle "Stilts" "Don't Fear the Bart overdoses "North by North Threat Levels"
Hotline. (N) (CC) Roofer" (N) on junk food. Quahog (N) (N) n (PA)(CC)
(:00) Extreme Extreme Makeover: Home Edition Desperate Housewives Gabrielle (:02 Grey's Anatomy Alex works
PLG akeover: "Dolan Family" (N) (Part 2 of 2) plans a big party for Carlos, who is hardto gain the trust of a shy pa-
Home Edition (CC) about to head off to jail. (N) tient with a tumor. (N) 1l (CC)

(:00) Crossing The First 48 Detectives probe the Family Plots Famil Plots Fu- Intervention "Renee; Peter" A
A&E Jordan C (CC) shootings of four men who were sit- Chuck strands neral ome wed- young mother struggles with bulim-
ting in a car. (CC) John and David. ding plans, a; video game addict. (N) (CC)
Extra Time BBC World Dateline London BBC World UK Report BBC World Talking Point
BBCW News News News

BET (5:30) BET Inspiration
C:00) Coronation WHISKEY ECHO (2005, War) (Part 1 of 2) Joanne Kelly. Premiere. Relief CBC News: Sunday Night (CC)
CBStreet Special workers help victims of civil war in Sudan. (CC) (DVS)
CN Wall Street Jour- Topic A With Tina Brown Ridley CNBC on Assignment"The King- Cover to Cover Host Liz Claman.
Sal Report Scott. (N) dom Built on Oil" Saudi Arabia.
C N (:0) People in CNN Presents "Infidelity" How to- Larry King Live CNN Sunday Night
N the News day's society views infidelity.
SAVING SIL- SORORITY BOYS (2002, Comedy) Barry Watson, Michael Rosen- South Park The South Park
COM VERMAN (2001) baum, Harland Williams. Premiere. Ousted frat boys pose as girls and boys try to lose a Communicating
Jason Biggs. pledge a sorority. (CC) ball game. with the dead.
COU T (:00)The Investi- Cops C (CC) Cops C (CC) Cops "Cops in Cops "Cops in The Investigators The Hunt for a
C T (:gators Memphis"(CC) Memphis"(CC) Serial Killer"Serial killers.
That's So Raven RIGHT ON TRACK (2003, Drama) Beverley Mitchell, (:40) Kim Possi- American Drag- The Suite Life of
DISN "Boyz 'N Commo- Brie Larson, Jon Robert Lindstrom. The Enders sisters ble Sick Day" on: Jake Long Zack & Cody
tion enter the world of drag racing. (CC) (CC) (CC) Popular twins.
DIY Tools & Tech- Celebrity Hob- DIY Next Door Trade School (N) Trade School Handmade Mu- Making Home
Sniques bies sic (N) Movies
DW Euromaxx Journal: The In Focus The Journal Kultur.21 Journal: The Euromaxx
WWeek Week_____
E Cheers: Holly- I Love Lucy: The E! True Hollywood Story The story behind the TV se- Dr. 90210 Odd cosmetic proce-
E wood Story ries. (N) Cl (CC) dures.
ESPN 00) Baseball MLB Baseball New York Mets at Washington Nationals. From RFK Stadium in Washington, D.C. (Subject to
night (CC) Blackout) (Live) (CC)


PAGE 10B, SATURDAY, APRIL 30, 2005


TRIBUNE SPORTS


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THE BAHAMAS ENVIRONMENT SCIENCE ANDTECHNOLOGY COMMISSION


(BEST Commission)


Will Be Holding A Town Meeting On Liquified Natural Gas (LNG)


Featuring LNG Consultants:


Mr. Andrew Byers, Black and Beatch Co., Mr Fred Bernard,


Senes. And Mr Paul Schutt, ICF Consulting


THURSDAY, 5TH MAY, 2005 AT BRITISH COLONIAL HILTON,
TIME 8:00PM HOST: DARROLD MILLER "COME AND HEAR ALL THE FACTS"


What is Liquefied Natural Gas? (LNG)


* LNG is natural gas that has been cooled enough (-1600C) for it to condense back into a liquid state. LNG is not compressed.
* LNG has been used in North America for nearly 40 years, with 113 of the worlds 200 LNG facilities already in the US and 3 more
located in Canada. North america's first LNG plant was built in 1912.
* Global annual LNG supply reached 6600 bcf in 2003, 57% of which can be competitively delivered to the east coast of North America
at current natural gas prices.
* Twelve countries imported LNG for domestic use, and fourteen exported LNG.
* There are 17 LNG export (liquefaction) facilities worldwide and40 LNG import (regasification) facilities.
* There are 151 LNG tanker ships operating wprldwide.... These ships pass through Bahamian waters on a daily basis.
* The safety aspects of LNG are very well understood... In some respects LNG is a safer form of natural gas since LNG is not a
compresssed gas, just a super cooled liquid.
* LNG will not ignite when exposed to fire.... To burn, LNG must first return to a gaseous state.
* The few accidents that have involved LNG over its 40 year history in North America have occured when LNG was allowed to revert
to a gas form without proper controls.


Overview Of Ocean Cay, Bahamas (Arthistic Rendering)
View From 30 Feet M.S.O., North Of Island


Overviw Of Ocean Cay, Bahamas (Arthistic Rendering) Plan View


* Electricity production at combined cycle gas-fired power plants
* Cooking and home heating
* As an alternative fuel source for motor vehicles.


LNG is simply natural gas. In this regard all of the safety aspects of
LNG are very well understood. As a gas it is the same fuel that is
transported by pipeline across the continent, stored in numerous
storage facilities, and used daily by individual throughout Europe,
North America, Japan, Puerto Rico, Domician Republic, etc. All of this
activity is done under well established safety precautions and protocols
that have made natural gas one of Europe and North America preferred
energy sources. There has been no loss of life at an LNG regasification
facility during the past forty years.


LNG is shipped in double-hulled tankers built using technology that
has been proven for over forty years. They are insulated to keep the
gas at -1600 Celsius so that it remains a liquid. This allows LNG to
be transported at very close to atmospheric pressure. There has
been no loss of life on an LNG Ship in its history.


It is a deep water port used to berth and unload LNG tankers. A
terminal has holding tanks specially designed to keep the LNG at
-1600 Celsius. LNG terminals also have equipment to return the LNG
to its gaseous state prior to it being distributed through the existing
natural gas pipeline transportation and distribution network.
WhataretheIReq i Jmn ofaLNelm U*.i i


* Deep Water Port
* Thermal Exclusion Zone of 1-3/4 miles
* Land Availability (-100 acres...plus)


North America
* Boston, Massachusetts Operational
* Cove Point, Maryland Operational & Expanding
* Elba Island, Georgia Operational & Expanding
* Lake Charles, Louisiana Operational & Expanding
The Caribbean
* Guayanilla, Puerto Rico Operational-
* Andres, Dominican Republic Operational
* Trinidad and Tobago Operational


North America
* Freeport, Texas Under Construction
* Sabine, Louisiana Under Construction
* Hackberry, Louisiana Under Construction
* Corpus Christi, Texas Approved
Mexico
* Altimira, Mexico Under Construction
* Baha, Mexico Under Construction


SJapan 15 operating terminals
* Spain 4 operating terminals
* South Korea-3 operating terminals

* France 2 operating Terminals
* Italy 1 operating terminal
* Portugal 1 operating terminal
* Greece 1 operating terminal
* Belgium -1 operating terminal
* Turkey -1 operating terminal
* Taiwan -1 operating terminal
* Trinidad and Tobago 4 operating terminals
* China
* India
* Australia


Projected Revenue To The Public Treasury Is Estimated
At $1.2 Billion to $1.5 Billion Over A Twenty-Five Year Period


FERC


Exitiemn aProposed and

LNG TnHimft,


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Office of Energy Projects


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PAGE 12B, SATURDAY, APRIL 30, 2005


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