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/UF00084249/00390
 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 21, 2006
Copyright Date: 2006
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: VID00390
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
oclc - 9994850

Full Text







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PARTLY
SUNNY


The


Tribune


#1 PAPER IN CIRCULATION


lhe fAiamiAS EDITI
BAHAMAS EDITION


Volume: 102 No.125


H


FRIDAY, APRIL 21, 20UU


.. .. ...


Bishop

Fraser

appears

in court

9 By NATARIO MCKENZIE
A LOCAL Baptist minister
appeared in court yesterday and
Sa. enarged v.ith hea ing unlaw-
ful 'ex \ithh "i teenage girl who
was his dependent.
Bishop Earl Randolph Fras-
er, pastor of Pilgrim Baptist
Temple on St James Road, was
arraigned before Chief Magis-
trate Roger Gomez in Court 1
on Bank Lane yesterday.
Bishop Fraser is a member of
the National Child Protection
Council. He is also on the board
of the Broadcasting Corpora-
tion of the Bahamas, and his
church is part of the Full Gospel
Ministry.
He has been charged with
having sexual intercourse with a
dependent.
Relatives of the girl have
accused Fraser, whose Pilgrim
Temple reportedly has some
1,000 members, of having a long
sexual relationship with the girl.
They allege that the relation-
ship began while the Bishop was
supposed to be counselling her.
The charge against Fraser
alleged that sometime between
July 2005 and February 2006,
Fraser, being a person who
holds a position of trust, had
sexual intercourse with the now
17-year-old girl.
Bishop Fraser, wearing a grey
suit, sat quietly yesterday in one
of the front benches of the court


BISHOP Earl Randolph
Fraser outside of
court yesterday.
(Photo: Franklyn G
Ferguson)
as the charges were read to him.
When asked by the Magistrate
if he preferred to have the mat-
ter heard before the Magis-
trate's Court or the Supreme
Court, Fraser took a moment
to consult with his lawyerbefore
deciding to have the case heard
in the Magistrate's Court.
Fraser, who pleaded for his
congregation's support during
his Easter sermon; maintained
his innocence and pleaded not
guilty to the sex charge.
SThe prosecution did not
object to bail. Magistrate
Gomez granted Fraser $10,000
bail with one surety.
Due to the late time of the
arraignment Magistrate Gomez
said he would give Fraser until
10am today to bring a surety to
stand his bail.
The matter was adjourned to
May 11 and was transferred to
Court Five, Bank Lane.


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N DEPUTY Prime Minister C3nthia Pratt inspects the Royal Bahamas Police Force
recruits' A,B & C squads during their graduation and passing out ceremony yesterday.
(Photo: Mario Duncanson/Tribune staff)


Investment i Maxo Tito sentenced to death


boost for

Eleuthera
* By CARA BRENNEN
Tribune Staff Reporter
A MULTI-MILLION'dollar
investment signed yesterday is
expected to provide a major
economic boost for the island
of Eleuthera.
With an initial investment of
$4 million and a total build-out
of $50 million the Sky Beach
Development Club will be an
upscale resort and residential
project featuring luxury bunga-
lows and private residences
comprising between 108 and'
143 room keys. It will also fea-
ture a club house, fitness centre
and a Tiki Bar and grill.
Speaking at the contract sign-
SEE page 10


* By NATARIO MCKENZIE
CITING the heinous nature and circumstances surrounding
the death of then 16-year-old Donnell Conover, a Supreme Court
judge yesterday ruled that the death penalty was appropriate for:
the man convicted of her murder.
For the first time since the Privy Council ruled last month that
the mandatory death sentence in the Bahamas was unconstitutional
and that the appropriate sentence should be left to the discretion
SEE page 10

Court cleared for emotional

prison inmate's testimony


* By MARK HUMES
ALLEGATIONS of prison-
er abuse continued to take cen-
tre stage in yesterday's prison
inquest, as one'inmate became
so emotional with fear, Magis-
trate Virgill asked that the
courtroom be cleared before
he was allowed to continue.


Jeffrey Johnson, the last of
three prisoners to take the wit-
ness stand yesterday, came
close to tears as he tried to
avoid questions concerning offi-
cers of Her Majesty's Prison.
Johnson, a prison trustee
SEE page 11


Ingraham: govt-
incompetence:
led to increase
in infant deaths

*By PACO NUNEZ
Tribune News Editor
GOVERNMENT iocompe-=
tence has led to a dramal.ic.
increase in infant deaths accord-'
ing to opposition leader Hubert
Ingraham, who revealed yester.
day that there is a nation-wide
shortage of critical immunisation
- medications tor infants and young
children.
In a statement released yester-
day afternoon. Mr Ingraham said
the Bahamas is facing a public
health emergency as e\ery gov-
ernment hospital and clinic in the
country is reportedly short of
immunisation drugs.
"The government has let the
ball drop and as a result Bahami-
an parents, especially low income
Bahamian parents who rely com-
pletely on the public health sys-
tem to meet the needs of their
children, will be negatively affect-
ed," he said.
According.to Mr I'ngraham,
reliable sources indicate that at
least one cause for the shortage is
"a mix-up" by suppliers, who
froze the Bahamas'.account after
confusing it with the delinquent
account of another country.
"Assuming this to be the case,
SEE page 10


Man dies in

hospital after

shooting
POLICE are investigating
several shootings, one of which
left a man dead.
Jamal Green, 23, died in hos-
pital after being shot on
Wednesday night.
Police received a report of a
shooting incident in the Sunset
Park area at 10.30pm on
Wednesday..
They responded to the report
of gunfire in the area and found
a man in the street, whd
appeared to be suffering fronm
multiple gunshot wounds in his
chest.
He was taken to hospital by
ambulance and at about 6anq
yesterday he died of his injuries:
The victim was identified as
SEE page 11


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RAE2 RDY PI 2,20 H RBN


-


LOChALNEWS


Child porn video had


5,000


hits in Bahamas in one hour


* By TIFFANY GRANT
Tribune Staff
Reporter
THE growing global
problem of internet child
pornography has taken off
in the Bahamas according
to police statistics which
show that one illicit video
got 5,000 Bahamian hits in
the first hour it was pub-
lished online.
This figure was revealed
yesterday by police co-ordi-
nator for the Urban
Renewal Project Keith
Bell.
The clipping, which was
shown at an Urban Renew-
all conference for church
,leaders, showed an eight-


Shock figure is


released by police


year-old being sexually
molested.
"The problem of fighting
crime will become more
challenging. This demands
that we must become inno-
vative in developing pre-
ventative, well researched
approaches to crime fight-
ing," Mr Bell said.
"Urban renewal must
lead the way, as the signifi-
cant changes in crime will


not be in the scope of
crime, but rather in the
changing nature and com-
plexion of crime having
regard to modern technol-
ogy."
During his address to the
conference, Mr Bell gave a
breakdown of the various
crimes that occur in the
Bahamas. He also related
disturbing police stories,
such as the recent discov-


ery of a hole beneath a
house which was used for
the practice of black magic.

House
"Here in New Providence
when we went in this par;
ticular house, there was a
30-foot hole beneath the
house. When we got in the
house, raised up the floor,
we went down in this hole,
and of course all of the
witch craft and Obeah -
including I think a skull,"
he recounted.
He said that the police
force has categorised crim-
inals into four groupings:
the old guard, or hardened
blue collar criminals; the


new guard, or young blue
collar offenders; the foreign
groupings; and criminal
gangs or enterprises.
He said that most crimi-
nals are between the ages
of 16 to 35 years old, are
Bahamian males, and are
likely to live or offend in
an area where the govern-
ment has placed.an Urban
Renewal office.
They are usually from
middle to lower class back-
grounds and are often
repeat offenders, he
said.
Since the implementation
of the Urban Renewal Pro-
gramme, the police have
seized a number of
firearms, recovered stolen


vehicles and have made a
number of arrests.
"The Urban Renewal is
crucial to our further devel-
opment as a country. Prob-
lems that once went unno-
ticed or unabated are now
being tackled," said Mr
Bell.

Project
He also told church lead-'
ers about the role they can
play in the project, urging
them to produce a compre-
hensive document outlining
church programmes and'
activities and to plead with'
their congregation to dis-'
close information on crime,
and criminals.


MP calls for light sentence records to be expunged


Jt r-Lorandos
a,. --*.**- -g -.


October 31, 1963 to
April 20, 2005

We all love you
Dearly and miss you
Beyond words, you
Share with us always.


fI Cathy, Jennifer,
Devon, Georgia,
Nicolette, Jason

I along with countless
Family and friends.


* By CARA BRENNEN
Tribune Staff Reporter
MONTAGU MP Brent Symonette urged the
government ;to provide legislation that would
expunge the records of persons who have served
light prison sentences to give them a better chance
of gaining employment after release.
Mr Symonette yesterday joined the Deputy
Prime Minster and National Security Cynthia
Pratt and representatives of'the Caribbean Inter-
national Ministers organisation at a special service
to highlight the need for rehabilitation and reform
of prison inmates.
Mr Symonette told the inmates that while he
and Mrs Pratt might be on opposite sides of the
political divide, they are both in agreement when
it comes to the right of inmates to a better life
once they leave the walls of Fox Hill Prison.
-"We can't change why you are here, but we
can hope that you don't come back," Mr Symon-
ette said.
He said that he hopedthat the government
Wo3uld loiok;at the system and find a way to
expunge the prison records of persons who have
paid their debt to society so that they have a bet-
ter chance of finding gainful employment.
"We've talked about this for a long time, but we
need to do it," he said.
Mrs Pratt also acknowledged that the idea of
allowing records to be expunged may be a viable
option for minor sentences.
She noted that the reform and rehabilitation of
inmates, though vital, has always been hampered
by a lack of financial resources.
She also encouraged the inmates to focus on


their rehabilitation and not to allow outside forces'
to hamper who they become.
Mrs Pratt reminded the inmates that many.
Bahamians are against the idea of rehabilitation
of prison inmates. Sadly, she noted, some persons
who had been in prison, prove the public right by
reverting to a life a crime.
"Prove them wrong; show them that you are
better than they thought you were," she urged
them.
Mrs Pratt and Mr Symonette both told the
inmates to take advantage of every opportunity to
make their lives better.
"Don't tell me what I was, tell me what I am
now," said Mrs Pratt.

Office
She added that in her time in office, she has tak-
en many "licks" for the prison, and said it hurts
when she "sticks her head out" and is let down.
Pastor Alexis Wallace of Caribbeap~Ministries
International said he has a burden ondbis heart for
the prison inmates.
"We believe in rehabilitation for those who
wish to be rehabilitated. We are here to help as
concerned Bahamians."
Mr Wallace noted that rehabilitation in the
prison is essential, because, "not everyone will
swing or be locked away for ever."
To further show their support for the inmates,
the organisation donated care packages to every
inmate in the prison. The packages contained
soap, a tooth brush, tooth paste and a razor.
They also hope to deliver 200 more packages to
detainees at the Carmichael Road Centre.


* INMATE Lorenzo Butler sings during yesterday's visit.
(Photo:Marlo Duncanson/Tribune staff)


r--- ------ ---- -- - ------ -- --


THE TRIBUNE


PAGE 2, FRIDAY, APRIL, 21, 2006







FRIDAY, APRIL 21, 2006, PAGE 3


THF TRIBUNE


0 In brief


School

adopted by

GB Power

Company
THE Grand Bahama
Power Company has offi-
cially adopted the Eight
Mile Rock High School -
a move which holds the
promise of many new
opportunities for stu-
dents, according to Minis-
ter of Education Alfred
Sears.
Mr Sears praised the
company during a cere-
mony at the school
attended by the Grand
Bahama Port Authority,
representatives of major
corporate entities in
Grand Bahama, leading
educators, parliamentari-
ans and a cross-section of
educators and local digni-
taries.

Resources

"We believe this adop-
tion will ensure that the
Eight Mile Rock High
School and the surround-
ing communities receive
more resources and link-
ages to this institution
and to the community of
Eight Mile Rock," he
said.
"Such partnerships as
they are formalising,"
Mr Sears explained, "can
also enhance internal
relationships with
employees and build their
self-esteem.
"Teachers will have the
opportunity to explore
new technologies in the
business world, as the
GBPC is in a position to
send guest speakers to
schools for class presenta-
tions, provide consultants
for students' projects and
activities'jfive financial
support for teachers'
professional development
and, as GBPC has
done already, offer
scholarships and summer
jobs."


Bahamas 'may get Spanish investments'


* SPANISH Ambassador Jesus Silva


* By KARIN HERIG
Tribune Staff Reporter
THE Bahamas may soon expect a
wave of Spanish investments as the
two countries intensify their political
dialogue, Spanish Ambassador Jesis
Silva said yesterday.
Ambassador Silva,- who yesterday
presented his credentials to Governor-
General Arthur Hanna said that the
Bahamas will play a major role in
Spain's endeavor to increase its pres-
ence in the English-speaking
Caribbean.
During his two-day visit to Nassau,
Ambassador Silva met with Prime
Minister Perry Christie and Minister
of Foreign Affairs Fred Mitchell, as
well as COB students and members of
the local media.
Speaking at a special press meeting
at the Ministry of Foreign Affairs,
Ambassador Silva said that Spain in
the past two years has made every
effort to engage the English-speaking
Caribbean countries.
He said that he believes that Spain's
involvement witlY the Bahamas can fol-


Spain willing to help over visa requirements


* By KARIN HERIG
Tribune Staff Reporter
SPAIN is willing to assist the
Bahamas in its ongoing effort
to ease visa requirements for
some European countries, the
newly appointed Spanish
Ambassador announced yester-
day.
The Bahamian government
has for some time been con-
cerned that visas for entry into
the 15 'Schengen' countries are
still not available for issuance
in the Bahamas, despite exten-
sive efforts to remedy the situa-
tion.
Minister of Foreign Affairs
Fred Mitchell has said in the
past that he considers this stance
by the Schengen states to be
"inexplicable" and "unfriend-
ly."
Addressing members of the
media yesterday at the Ministry
of Foreign Affairs, Spanish
Ambassador Jesds Silva, how-
ever, said that his country is pre-
pared do all in its power to
make Schengen visas more
accessible to Bahamians.
"We are willing to help and
we are doing it," he said.
To this end, he said, Spain
will be making proposals to its
European colleagues to try and
find a solution to the problem.
"It's nothing against the
Bahamas that the visa require-
ment exists, it's more the ques-
tion of the complicated una-
nimity system that the Schen-
gen member states have to take
decisions on, on which countries
have or don't have visas," he
said.
Ambassador Silva explained
that in the past, Spain did not
require visas of any of the Latin
American countries, but is now
implementing new requirements
after it signed on to the Schen-
gen agreement.
He said that these new entry


requirements have helped with
stemming Spain's problems with
illegal immigration and human
trafficking.
The ambassador said that
although Spain is "very recep-
tive" to the Bahamas' problem
with the issuance of some Euro-
pean visas, Spain as only one
of 15 Schengen member states -
can have only a limited affect
on the situation.
He added that a complicated
situation might result if the
Schengen states ease up on the
visa requirements for the
Bahamas, while at the same
time imposing them on other
countries.
However, he said that if in
the short term no solution can
be found, Spain will do its best
to ensure that the procedure of
applying for and receiving
Schengen visas be made as easy


as possible for Bahamians.
The Schengen agreement is
named after a town in Luxem-
bourg where in 1985, the first
seven countries signed on the
to the common border control
accord. The 15 Schengen coun-
tries are: Spain, France, Ger-
many, Austria, Italy, Belgium,
Denmark, Finland, Iceland,
Greece, Netherlands, Luxem-
bourg, Norway, Portugal, and
Sweden.
In an earlier interview with
The Tribune, Minister Mitchell
said that the non-issuance of
visas for these countries is caus-
ing tremendous inconvenience
among professionals as well as
high-end Bahamian tourists.
He said that in some cases,
Bahamians had to be up to five
weeks without, their passports
while visas are being issued by
one of the Schengen countries.


Two or three bedroom houses

preferably with garage or carport.

Eastern district preferred.


Contact
Heather Peterson
Tel: 393-8630


1' I


LIGHTBOURN REALTY


low the successful model of the
Jamaica/Spain relationship.
The ambassador explained that
Spain this year became the number
one foreign investor in Jamaica sur-
passing even the United States.
He said in addition to hotels, the
Spanish have also established a vast
network of tour operations and other
tourism companies.
"Small Spanish companies have
become major corporations, especially
in the Caribbean region," he said.

Tourists
Ambassador Silva said it his under-
standing that Caribbean countries are
increasingly seeking to attract tourists
from beyond North America.
He said that Spain the second most
visited country in the world with 55
million tourists a year began its
investment in the Jamaican tourism
industry, Europeans have made up 40
to 60 per cent of occupants in Spanish-
owned hotels.
"From December to March, we have


mainly North American tourists, and
from April to September we have
mainly European tourists. It makes
investment very profitable," he said.,
He said that the Spanish presence
has increased visitor numbers to
Jamaica and that he foresees a similar
trend for the Bahamas.
"We hope this will be the second
Spanish invasion last time, some 500
years ago, we came very briefly and
left," he said.
Ambassador Silva said that Spain is
also interested in partnering with the
Caribbean region in cultural and edu-
cational initiatives as well as in the
fight against crime and illegal immi-
gration.
To strengthen the relationship
between Spain and the Caribbean, he,
said, a summit of CARICOM leaders is
scheduled to take place in Madrid in,
the near future.
Ambassador Silva said that 2006 will
see a new co-operation agreement'
signed with CARICOM, which he-
expects will triple the amount of for-
eign aid allotted to the region.


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PAGE 4, FRIDAY, APRIT21, 2006 THE TRIBUN


The Tribune Limited
NULLIUS ADDICTS 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
Freeportfax: (242) 352-9348


Haitians and the corruption factor


MANY BAHAMIANS have become hys-
terical in their cries to "get the Haitians out!"
While a first generation of Haitians cower in
fear, a second and third generation, born and
bred in the Bahamas, are growing defiantly
bitter. One only has to recall the recent destruc-
tion in Paris by rioting, jobless young immi-
grants to understand what is in store for the
Bahamas in the not too distant future. There
are already rumblings at the bedrock of this
society.
Instead of building bridges, we are erecting
barriers between two groups of people of the
same ethnic background, but one of whom
speaks a foreign tongue. We are creating a
"them" and "us" society in which hatred will
eventually pit "them" violently against "us."
Every Bahamian government has had its
Haitian roundups and repatriations at tremen-
dous cost to the taxpayer, but no government
has succeeded in solving the problem. The
Haitian problem cannot be solved until a gov-
ernment is willing to face it, formulate a
humane plan of action, and enforce it. The
avoidance of the issue, has created an atmos-
phere in which corruption, once planted, is
now flourishing. It is this corruption that will
defeat all attempts to solve the Haitian crisis.
For example, we had a telephone call
Wednesday night from a Bahamian reporting
on Immigration raids at various premises that
morning. The caller alleged that a certain place
of business had been raided and several undoc-
umented Haitians discovered.
What agitated this caller was his belief that
because the owner of these premises had
friends in high places his undocumented
Haitians were not taken into custody, yet
Haitians, legally in'the Bahamas with valid
documents, were pulled from their beds in
North Eleuthera, herded onto a boat and
brought to Nassau for incarceration in the
Detention Centre. If it weren't for the protests
of Spanish Wells Chief Councillor Abner Pin-
der, who followed them to Nassau, and
demanded their release, they might still be
there.
As Mr Finder commented, it was foolish
for the police to pull sleeping Haitians from
their beds, because they should have known
that they were only at home that night because
they were secure in the knowledge that they
were legal residents. Word had circulated in the
community the night before that there would
be a dawn raid, and so anyone who was illegal
had already vanished, Mr Finder said.


A few weeks ago, we were told of a jani-
tress who came to work in floods of. tears.
Asked the problem, she said her two sons had
been picked up in a Haitian raid and were
being held by police.
The next day this same mother was at work,
happy as a jay bird. Asked why smiles had
replaced tears, she replied that she now had her
sons back. The price? More than $800 all of
her worldly savings.
In all branches of the services police,
defence force and immigration there are
fine, dedicated men and women determined to
give their country honest service. However,
there are also too many among them who are
not so dedicated.
Recently an officer told us of the levels to
which corruption has risen among some of
them.
During raids, we were told, corrupt officers
could make anywhere from $800 to $1000 from
an immigrant's household. If a legal immigrant
is picked up in a raid and does not have his
work permit on him, he is charged $250 before
he is released.
If this is in fact the case each raid produces
those who can pay the extortion money and are
released back into the community, and those
who can't and.are returned to Haiti.
Also if what we have been told is true, the
underground work permit system is still oper-
ational with "the marin"producing the certifi-
cates at a price. If "the price" is not readily
available a percentage of an immigrant's salary
is collected until the debt is paid with interest.
The shake-downs continue with some immi-
grants, even those with permits, going to and
from work at unusual hours to avoid the man
in uniform.
This is only one of the many problems that
government has and all governments have
had in grappling with the illegal immigrant
problem.
We all know even the Haitians that
the Bahamas cannot support the numbers that
have found their way into the country report-
edly 30,000 of them. However, the animosity
between Bahamian and Haitian will grow until
the flow of illegals can be stopped.
This will not be done until corruption is
stamped out, and corruption will continue to
flourish until the position of Haitians who are
entitled to be in the Bahamas are given legal
status. The authorities can then concentrate
on repatriating those who have no rights to
remain.


Pro


,prime


minister and pastors


EDITOR, The Tribune.
I HAVE always read Andrew
Allen's perspectives with great
interest! Indeed, I look forward to
his column as I regard him as a
very promising young Bahamian,
whose balanced and informative
contributions are most illuminat-
ing. Usually, then, I find myself in
total agreement with him and
after reading and digesting his
useful articles, can say a hearty
"Amen"!
However, I must take sharp
issue with statements made in his
latest article "Jamaica's new
Prime Minister steps forth and
stumbles. As a Bahamian who
has studied and served in the
Ministry in Jamaica for many
years, and having just returned
from a visit to our sister
Caribbean Island, it would,
indeed be, remiss of me, not to
respond, especially as the colum-
nist has taken it upon himself to
pass judgment upon a matter with
major religious, theological and,
therefore, political ramifications.
There, are three issues, raised by
Mr Allen which must be chal-
lenged!
First, one wonders on what
basis he comes to the conclusion
that Jamaica has been blessed
with a succession of decent Prime
Ministers with the single excep-
tion of Edward Seaga? What is
the meaning of this statement?
That the Hon Edward Seaga was
not a decent Prime Minister?
Well, when one considers that,
Jamaica as a democratic nation
as to major political parties, and
that the Hon Edward Seaga has
served not only as Prime Minister
but as leader of one of these
major parties for many years,
there can be no doubt that there
are many Jamaicans, belonging
to the Jamaica Labour party, who
would take.very sharp exception
to the young Bahamian's judg-
ment. This matter merits elabo-
ration!
Whatever may be one's politi-
cal views, he/she must recognize
the fact that the Hon Edward
Seaga, a white man who won the
allegiance of the masses of the
predominantly black, urban con-
stituency of western Kingston, a
stronghold of the Rastafarian
movement, is one of the most suc-
cessful politicians in the history
of the Caribbean. Described by
one Bahamian who has strong
Jamaican links as "a brilliant
economist", he has accomplished
much and has visited the
Bahamas on several occasions. I
recall that he was amongst the
Caribbean politicians who attend-
ed the funeral service of the late
Hon Sir Lynden Pindling.,
It is, therefore, submitted that it
would have been prudent for Mr
Allen to have made his statement
about Jamaica's Prime Ministers,
without singling out the Hon
Edward Seaga, who, has always
been a controversial figure! No
doubt, his role in Jamaica's poli-
tics will continue to be debated by
scholars for a long time!
The main subject of the arti-
cle, however, is the instruction of
the Hon Portia Simpson-Miller,
Jamaica's newly appointedPrime
Minister, to her Ministers that
henceforth, all state boards cre-


ated within their Ministries should
be "chaired" by a pastor, as mix-
ing of religion and politics. And as
an example of the dangers of such
a combination, he cites the
"Christian fringe's censorship of a
film about homosexuality!" Sev-
eral extremely important issues
arise here. Is the columnist being
fair to the Prime Minister here?
Does he understand the reasons
for her "decision"? And, most
significantly for us in the
Bahamas, "What is the relevance
for this action on the part of
Jamaica's Prime Minister to the
ban of the showing of a film on
homosexuality in the Bahamas"?
Mr Allen seems quite con-
cerned that the term pastor rather
than clergy was used by the Prime
Minister.
Has the young columnist, who
is highly critical of the clergy in
the Bahamas, taken into consid-
eration the possibility that the
experiences of the 60-year-old
Prime Minster of Jamaica, in rela-
tion to pastors may be much more
positive than his own?
It is germane to observe here,
that, generally speaking, we in
the Bahamas, especially when it
comes to religion, are more
deeply influenced by what is hap-
pening in the United States than
is the case in Jamaica. This,
indeed, is the conclusion that I
have come to having served for
many years in both countries.
Concisely, the phenomena of
many ministers assuming the title
of "Bishop", the granting of a
host of honorary doctoral degrees
in theology, the adoption of flam-
boyant lifestyles by ministers on
the basis of a simplicity concept of
prosperity are much more preva-
lent here than in the other parts
of the Caribbean.
Secondly, it has to be pointed
out that, unlike the situation in
the Bahamas, where public edu-
cation has, for many years been
the preserve of government, there
is a long and respected tradition
in Jamaica of the clergy playing
an important role in the adminis-
tration of public institutions of
education, especially in the rural
areas. Thus, ministers have served
as managers of schools, being
responsible to preside at meet-
ings of school boards, and even,
to serve as pay masters for the
teachers.
In my first pastoral appoint-
ment in Jamaica, back in the ear-
ly sixties, I served as manager of a
school in the parish of St Cather-
ine. I recall that the principal of
that small school, an experienced
Jamaica educator, telling me that
she was quite comfortable to have
pastors as managers because she
had confidence in their integrity
and honesty in management.
Well, it is extremely interest-
ing to note that the reason why
Mrs Simpson Miller has instruct-
ed that pastors be appointed as
chairmen of public boards is to
ensure "probity". And what is
probity? It is precisely, "Com-
plete honesty"! (See Longman's


dictionary of contemporary Eng-
lish, page 1125). The Prime Min-
ister's reason, then, for calling
upon the clergy to serve as chair-
men of public boards today is the
same as that which motivated the
school principal 40 years ago -
the integrity of the ministers of
the Gospel.
It is submitted, therefore, that
the position taken by Mr Allen
is more a critique of religious
leaders in the Bahamas today,
than an objective assessment of
the action of Jamaica's Prime
Minister.
I can "off the cuff", think of a
number of clergy persons in
Jamaica who can serve as chair-
persons of public boards. These
include eminent Baptist theolo-
gian, the Rev Dr Burchell Tay-
lor, pastor of Bethel Baptist
Church in Kingston, Archbishop
Lawrence Burke, SJ, who after
distinguished service in the
Bahamas is now Archbishop of
Kingston, the Rev Ernleigh Gor-
don, fiery social activist, Angli-
can priest, the Rev Dr Byron
Chambers, President of the
Jamaica District of the Methodist
Church, the Rev Dr Lewin
Williams, President of the United
Theological College of the West
Indies, the Rev Neville Desouza,,
retired Archbishop of Jamaica
and a host of others. Thus, Mr'
Allen has gone "too far" in sug-
gesting that the Prime Minister
of Jamaica has "stumbled":
because she has called upon the
clergy to play a major role in pub-
lic administration!
This brings us to yet another
controversial matter: the rele-
vance of all this to the banning
of a film on homosexuality. Mr
Allen calling the action of the
Prime Minister of Jamaica, "mix-
ing religion and politics", attrib-
utes the banning of the film to
"The Christian Fringe"? In the
Bahamas, there is a board,
appointed by Government, with,
representatives of church and
state, which deals with the control
of films coming into this nation. It
is quite incorrect to speak of this
body as "the Christian fringe".
Indeed, it is beyond conception
that any "fringe group" could be
so powerful that it could block
the showing of a film. Many oth-
er films have beenAanned over
the years. There is no point in
having such a Boardif it does not
have the authority to make a
judgment as to which films should
be shown in the Bahamas, which
has in its constitution that "ours is
a nation established upon the
principles of Democracy, Chris-
tianity and the Rule of Law."
Finally, like many Americans
today, Mr Allen does not make a
clear distinction between the doc-
trine of the separation of church
and state and the concept o," the
prophetic role of the church. '
prophets of the Old Testamei.:
did not hesitate to boldly rebuke
the kings when they did not act in.
accord with the divine laws gov-
emingthe behaviour of all people.
(I kings .11-12; Amos 5, Isa 7, 9,
etc). No doubt, were they living
today they would have been'
accused of "mixing religion and'

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THE TRIBUNE


PAGE 4, FRIDAY, APRIL 21, 2006


Ope Moday- Ficav a n :'1pn







FRIDAY, APRIL 21, 2006, PAGE 5'


o In brief


Rnsidnntf


Industry expert renews the


;ponde"" hat" call for PetroCaribe Accord
to do with


dead whale
RESIDENTS of Treasure Cay
were still wondering last night
what to do with a dead beached
whale which is causing a strong
smell over a wide area.
"I couldn't get to within yards
of the carcass when I went to see
it," an islander told The Tribune.
"The stench was so bad it was
overpowering."
The whale came ashore sev-
eral days ago in an isolated spot.
It was already disembowelled
and giving off a powerful odour.
Officials feel the whale should
be buried on the spot so that its
skeleton can be dug up later.
However, because it is difficult to
access, the whale's burial might
prove costly.
"It would need machinery to
dig a hole big enough," said the
islander. "But it would be quite a
job to get machinery into that
spot."



Catholic

Archdiocese

to sponsor

workshop
THE Catholic Archdio-
cese is sponsoring an
eight week parenting
skills workshop to be held
at the Emmaus Centre
from 7.30pm to 9.30pm on
Tuesday.
The video based-pro-
gramme, which starts May
9, attempts to teach good
communication skills in
an effort to help parents
raise well behaved chil-
dren without the use of
physical, eibal, or emo-
tional violence.
Facilitator Vincent Fer-
guson is also available to
meet with adolescents
whose parents or
guardians are in the pro-
gramme.
Parents, teachers, and
other interested persons
can contact the Arch-
diocesan Family Life
office at 328-4310/2 for
more information.


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Lisa Knight & The Round
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ZNS News Update
Carmen San Diego
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11:30 Underdog
12:00 Dennis The Menace
12:30 Carmen San Diego
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* By PAUL G TURNQUEST
Tribune Staff Reporter
AS OIL prices continue to soar inter-
nationally, the resulting financial shock-
waves that are expected for the Bahamian
economy have led one industry expert to
renew the call for the PetroCaribe Accord.
Yesterday Brent crude oil was traded in
London at around $74 a barrel, with the
price in the US hovering just above $72.
In California the price of gasoline rose
as high as $3.99 a gallon, with the nation-
al average remaining around $2.83
throughout the US.
Last year, when the price averaged
$2.22 a gallon, Bahamian experts were
already warning of price hikes in electric-
ity, food, transportation, and other neces-
sities.
This year, even higher mark-ups are
being forecasted and analysts warn that
"things will only get much worse" with
expectations of oil possibly hitting $100 a
barrel before the end of the year.
Oil prices reached record highs yester-
day amid fears about the nuclear face-off
with Iran, concern over the war in Iraq,
and continued coriflict in the oil pans of
Nigeria.
Market experts explained that a fall in
US gasoline stocks exacerbated these
already growing concerns.
Spirit Aitlines has already announced
that it will mark up Bahamas domestic
flights between $5 to $20 each way.


* GASOLINE prices are on the rise internationally.
(FILE Photo)


According to Bahamas Fuel Usage
Committee chairman Vincent Coleby,
such signs should serve as warnings to
Bahamians about an approaching increase
in their cost of living.
If an energy crisis is to be avoided,


Bahamians need to be trained to think in
the long term Mr Coleby said, referring to
the possible benefits of the proposed
PetroCaribe Accord.
"Bahamians have this notion of being
prosperous when in fact in most cases


they are not. They don't like to look at
themselves as people who need assistance,
and they would sort of grin and try and
bear it out. That's another culture that
we need to get rid of.
"But you have other Caribbean coun-
tries who would accept assistance form
other neighboring countries if it has to be
done. For instance this PetroCaribe situ-
ation develops, and you find other
Caribbean countries benefiting substan-
tially from it. But you find amongst
Bahamians a mindset that we don't need
help or assistance like that."
PetroCaribe is a government-to-gov-
ernment fuel arrangement between
Venezuela and several Caribbean coun-
tries, under which the Venezuelan gov-
ernment supplies oil at individually nego-
tiated rates and terms while cutting out
"middlemen" and lowering fuel prices.
The accord, itself a variation to the
Caracas Accord of 2000, emphasises ener-
gy conservation.
Mr Coleby said the benefits of the deal
go "far beyond the price of gasoline."
He pointed out that development of
alternative energy sources encouraged
under the accord, such as solar power and
bio-fuels, could become a real long-term
solution for the Bahamas.
He added that although it is widely
believed that the Bahamas buys its fuel'
from the US, the fact is that forthe past 50
years, 90 per cent of the country's gas
originated in Venezuela.


Dr Rudy King 'postpones' awards ceremony, blames 'racism'


BANKRUPT business-
man Dr Rudy King has
"postponed" an awards cer-
emony he was supposed to
be staging in Bermuda,
blaming his decision on
"racism" in the local-news-
paper.
Dr King, who told The
Royal Gazette in Hamilton
that several "big Hollywood
names" were to appear at
his event in June, was left
embarrassed when the stars
denied all knowledge of it.
Now he's told Bermuda
television that he has post-
poned the ceremony
"because of the racism of
The Royal Gazette."

Bankrupt
What he failed to men-
tion, however, was that he
had been declared bankrupt
by the Bahamas Supreme
Court the result of an
unpaid debt on house reno-
vations.
Judge John Lyons handed
down the bankruptcy judg-
ment in March after
hearing representations by
attorney Roger Gomez,-for
King, and Dr Peter Maynard
and Mr Jason Maynard,
for Cavalier Construction
Ltd.
Registrar Mrs Estelle
Gray-Evans was ordered


under the judgment to take
possession of all King's
property until a trustee was
certified by the court.
SNow a Nassau tabloid has
alleged that King has
resigned as chairman of his
King Foundation charity
organisation, having taken
a year off to sort out several
legal headaches.
But, it adds, he is still liv-
ing in luxury at a friend's $2
million home in Lyford Cay
and driving around in a top-
of-the-range Jeep worth
$125,000. :
King, also known as Rudy
King-Laroda, hit the head-
lines in Bermuda in March
when he arrived to promote
a gala awards ceremony
which, he claimed, would be
attended by world leaders
and Hollywood stars.
But The Royal Gazette
was told by agents for the
"big names" that they would
definitely not be there.
Celebrities King named as
likely guests were Bishop
Desmond Tutu, actor Will
Smith, actress Halle Berry
and singer Rick Springfield.
He also promised that three
unnamed world leaders
would also be at the glitter-
ing June 30 bash.
The event, billed as the
2006 Global Vision Awards
of Excellence, was sched-
uled to be held at a premier


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Bermuda hotel, with celebri-
ties "coming in droves" for
the occasion.
Even after The Royal
Gazette published the stars'
denials, Kin"g insisted his
version of events was true.
"I know for sure. I have
confirmation that they are
coming. I will stand by what
my office has sent out," he
told the media.
However, he would not
name the world leaders
involved "for security rea-
sons."
King refeTred.,to himself


as "His Excellency" in pro-
motional material for the
event, claiming to be an
ambassador for Dominica.
He also said he had a doc-
torate in economics from
Cambridge University in
England.

Denied
Last night, The Royal
Gazette's editor Bill Zuill
strongly denied King's
racism claim, saying his
paper ran a front-page story
on the awards ceremony,


V ?LO


SINCE
l


$


having taken the organisa-
tion's word on its merits.
"It was of considerable
embarrassment to us when
we quickly discovered that
this did not appear to be the
case.
"Rather than racism, this
was simply a matter of old-
fashioned digging and fair
and accurate reporting."
Yesterday King, whose
home address was given in
court as Raymond Road,
Claridgedale Gardens, east-
ern New Providence, was
unavailable for comment.


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Facts concerning


W ITH the Privy
Council ruling
concerning the use of the
mandatory death sentence in
capital crimes in the Bahamas,
it may be time to re-examine
some undisputable facts con-
cerning the death penalty.
In 2005
at least 2,148 people were
executed in 22 countries.
94 per cent of them were
killed in China, Iran, Saudi
Arabia and the USA.
An additional 5,186 peo-
ple were sentenced to death.
However, despite the shock-
ing figures, the trend towards
abolition continues to grow:
the number of countries car-
rying out executions has
dropped for a fourth consec-
utive year; over the last 20
years, numbers have halved.
Mexico and Liberia have most
recently abolished the death
penalty.
"As the world continues to
turn away from the use of the
death penalty, it is a glaring
anomaly that China, Saudi
Arabia, Iran and the USA
stand out for their extreme
use of this form of punish-
ment as the 'top' executioners
in the world." Irene Khan,
AI Secretary General.
There are also more than
20,000 people on death row
waiting to be killed by their
own governments.
The figures we havq are
approximate: many govern-
ments, like China, refuse to
publish full official statistics
on executions, while Vietnam
has even classified statistics


*AMN ESTY
INTERNATIONAL

and reporting on the death
penalty as a 'state secret'.
The death penalty is the
ultimate, irreversible denial
of human rights. It is often
applied in a discriminatory
manner, follows unfair trials
or is applied for political rea-
sons. It can be an irreversible
error when there is miscar-
riage of justice. Amnesty
International will continue to
campaign until the death
penalty is abolished world-
wide.
1) Abolitionist and
Retentionist Countries
Over half the countries in
the world have now abolished
the death penalty in law or
practice.
Amnesty International's lat-
est information shows that:
86 countries and territo-
ries have abolished the death
penalty for all crimes
11 countries have abol-
ished the death penalty for all


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25 countries can be con-
sidered abolitionist in prac-
tice: they retain the death
penalty in law but have not'
carried out any executions for
the past 10 years or more,
making a total of 122 coun-
tries which have abolished the
death penalty in law or prac-
tice.
74 other countries retain
and use the death penalty, but
the number of countries
which actually execute pris-
oners in any one year is much
smaller.
2) Progress Towards
Worldwide Abolition
Over 40 countries have
abolished the death penalty
for all crimes since 1990. They
include countries in Africa
(recent examples include Cote
d'Ivoire and Liberia), the
Americas (Canada, Mexico,
Paraguay), Asia and the
Pacific (Bhutan, Samoa,
Turkmenistan) and Europe
and the South Caucasus
(Armenia, Bosnia-Herzegov-
ina, Cyprus, Serbia and Mon-
tenegro, and Turkey).
3) Moves to Reintroduce
the Death Penalty
Once abolished, the death
penalty is seldom reintro-
duced. Since 1985, over 50
countries have abolished the
death penalty in law or, hav-
ing previously abolished it for
ordinary crimes, have gone on
to abolish it for all crimes.
During the same period only
four abolitionist countries
reintroduced the death penal-
ty. One of them, Nepal, has
since abolished the death
penalty again; one, the Philip-
pines, resumed executions,
but later stopped. There have
been no executions in the oth-
er two (Gambia, Papua New
Guinea).
4) Death Sentences and
''E.ecuions
SDuring'2005, at least 2,148
prisoners were executed in 22
countries and 5,186 people
were sentenced to death in 53
countries. These figures
include only cases known to
Amnesty International; the
true figures are certainly high-
er.
In 2005, 94 per cent of all
known executions took place
in China, Iran, Saudi Arabia
and the USA. Based on pub-
lic reports available, Amnesty
International estimated that
at least 1,770 people were
executed in China during the
year, although the true figures
were believed to be much
higher.


A Chinese legal expert was
quoted as stating the figure
for executions is about 8,000
based on information from
local officials and judges, but
official national statistics on
the application of the death
penalty remained classified as
a state secret.
Iran executed at least 94
people and Saudi Arabia at
least 86, but the totals may
have been much higher. Sixty
people were executed in the
USA.
5) Methods of Execution
Executions have been car-
ried out by the following
methods since 2000:
Beheading (in Saudi Ara-
bia, Iraq)
Electrocution (in USA)
Hanging (in Egypt, Iran,
Japan, Jordan, Pakistan, Sin-
gapore and other countries)
Lethal injection (in China,
Guatemala, Philippines, Thai-
land, USA)
Shooting (in Belarus, Chi-
na, Somalia, Taiwan, Uzbek-
istan, Vietnam and other
countries)
Stoning (in Afghanistan,
Iran)
6) Use of the Death
Penalty Against Child
Offenders
International human rights
treaties prohibit anyone under
18 years old at the time of the
crime being sentenced to
death.
The International Covenant
on Civil and Political Rights,
the American Convention on
Human Rights and the Con-
vention on the Rights of the
Child all have provisions to
this effect.
More than 110 countries
whose laws still provide for
the death penalty for at least
some offences have laws
specifically excluding the exe-
cution of child offenders or
may be presumed to exclude
such executions, by being par-
ties to oiie or adtither of the
above treaties. iPhmall num-
ber of countries, however,
continue to execute child
offenders.
Eight countries since 1990
are known to have executed
prisoners who were under 18
years old at the time of the
crime China, Congo (Demo-
cratic Republic), Iran, Nige-
ria, Pakistan, Saudi Arabia,
USA and Yemen. China, Pak-
istan and Yemen have raised
the minimum age to 18 in law.
The USA executed more
child offenders than any oth-
er country (19 between 1990
and 2003) before the US
SEE next page


Aaanam4 ?iale 2&6cia b 7Qe
Improved, Benevolent and Protective Or of
Elks of the World


ANNUAL SERVICE

OiF THAN KSGIVINIG


PARADE ROUTE: 2:00pm assemble at the Acklins Crooked
Island, Long Cay Association Lodge Hall, Cordeaux Avenue
and East Street, moving east, south in Key west Street, onto
the church.
AFTER SERVICE: Moving west on Balfour Avenue, east
on East Street, west on Ross Corner, south on Market Street,
west on Chapel Street, north on Blue Hill Road, west on
Dilette/Meeting Street, north on West Street, west on Petty
Coat Lane, ending at Curfew Elks Centre, Hospital Lane North.
DR. WINSON C. ROLLE, Stae President
Grand Esquire DGT.
CECELIA COOPER, Auxilary State President

PARTICIPATING LODGES & TEMPLES
Eureka Lodge No. 114 .. Bro. Earnel R. Hanna, Exalted Ruler
Curfew Lodge No. 1162 . .Bro. John Lightbourne, Exalted Ruler
Hercules Lodge No. 1202 . Bro. Felix White, Exalted Ruler
Greater Fox Hill Lodge No. 1733 ... Bro. Joseph Hutchinson, Exalted Ruler
Reuben G. Knowles Lodge No. 1760... Bro. Henry M. Williams, Exalted Ruler
Host Exalted Ruler
Excelsior Temple No. 37 ... Dgt. Betty M. Young, Daughter Ruler
Curfew Temple No. 816 .. Dgt. Evelyn Missick, Daughter Ruler
Alpha Temple No. 909. .. Dgt. Viola Lightbourne, Daughter Ruler
Greater Fox Hill Temple No. 1360o ... Dgt. Bernice Harris, Daughter Ruler

Cufe l a enra opia Ln


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Royal Bahamian

Invites applications for the position of:

PLANT OPERATOR

/ An experienced Operation/Maintenance
of waste water treatment Plant Operator
/Reverse Osmosis water plant.
Maintenance of Pumps. Motors chillers
deep well pumps. Must have proof of
experience.

Please send resume to:

Human Resources
Sandals Royal Bahamian
P.O. Box CB-13005
Email: cmajor(,srb.sandals.com


,


PAGE 6, FRIDAY, APRIL 21, 2006


THE TRIBUNE.


E 97th
I


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TH TRIBUNE FRIDAY, APRIL 21, 2006,PAG


death


FROM previous page In 20(
tion,
Supreme Court ruled in 1.73 p
March, 2005, that the execu- 44 per
tion of children under the age and tl
of 18 was unconstitutional. decade
(Re
7) The Deterrence The E
Argument wide
Scientific studies have con- Clare
sistently failed to find con- tion, 5
vincing evidence that the
death penalty deters crime 9).I
more effectively than other Agre<
punishments. the D
The most recent survey of One
research findings on the rela- devel
tion between the death penal- has b
ty and homicide rates, con- intern
ducted for the United Nations states
in 1988 and updated in 2002, not ha
concluded: "... it is not pru- Four
dent to accept the hypothesis .* T
that capital punishment deters tocol
murder to a marginally greater Covei
extent than does the threat and cal R
application of the supposedly been
lesser punishment of life Eight
imprisonment." the Pi
(Reference: Roger Hood, intent
The Death Penalty: A World- to it a
wide Perspective, Oxford, *
Clarendon Press, third edi- Amen
tion, 2002, p. 230) Huma
Death
8) Effect of Abolition on ratified
Crime Rates signee
Reviewing the evidence on Amer
the relation between changes P
in the use of the death penal- Europ
ty and crime rates, a study Prote
.conducted for the United and F
Nations in 1988 and updated (Eurc
in 2002 stated: "The fact that Huma
all the evidence continues to been I
point in the same direction is states
,,persuasive a priori evidence er.
.that countries need not fear *; PI
sudden and serious changes Europ
Sin the curve of crime if they Prote(
Reduce their reliance upon te a6id'-F
death penalty." (Eurc
Recent crime figures from Huma
-.abolitionist countries fail to been r
Show that abolition has harm- states
Sful effects. In Canada, for ers.,
-example, the homicide rate Prol
per 100,000 population fell pean C
from a peak of i.09 in 1975, Right
-,the year before the abolition abolish
of the deathpenalty for mur- peace
- der, to 2.41tin 1980, and since protoc
,then it has declined further, aboliti

t.
L-


penalty

03, 27 years after aboli- but allow states wishing to d(
the homicide rate was so to retain the death penalty
per 100,000 population, in wartime as an exception
* cent lower than in 1975 Protocol No 13 to the Euro
he lowest rate in three pean Convention on Humar
des. Rights provides for the total
reference: Roger Hood, abolition of the death penalty
)eath.Penalty: A World- in all circumstances.
Perspective, Oxford,


ndon Press, third edi-
2002, p. 214)
international
ements to Abolish
death Penalty
e of the most important
opments in recent years
been the adoption of
national treaties whereby
commit themselves to
dving the death penalty.
such treaties now exist:
ie Second Optional Pro-
to the International
nant on Civil and Politi-
ights, which has now
ratified by 56 states.
other states have signed
otocol, indicating their
ion to become parties
t a later date.
rhe Protocol to the
rican Convention on
in Rights to Abolish the
I Penalty which has been
ed by eight states and
d by one other in the
icas.
rotocol No 6 to the
pean Convention for the
action of Human Rights
fundamental Freedoms
>pean Convention on
an Rights), which has
*atified by 45 European
and signed by one oth-
rotocol No 13 to the
ean Convention for the
ctioni of Human Rights
fundamental Freedoms
opean Convention on
in Rights), which has
atified by 33 European
and signed by 10 oth-
tocol No 6 to the Euro-
Convention on Human
s is an agreement to
h the death penalty in
time. The other two
cols provide for the total
ion of the death penalty


o
0
y
i.
I-
n
al
Y


10) Execution of the
Innocent
As long as the death penal-
ty is maintained, the risk of
executing the innocent can
never be eliminated.
Since 1973 122 US prisoners
have been released from
death row after evidence
emerged of their innocence
of the crimes for which they
were sentenced to death.
There were six such cases
in 2004 and two in 2005.
Some prisoners had come
close to execution after spend-
ing many years under sen-
tence of death.
Recurring features in their
cases include prosecutorial or
police misconduct; the use'df
unreliable witness testimony,
physical evidence, or confes-
sions; and inadequate defence
representation.
Other US prisoners have
gone to their deaths despite
serious doubts over their
guilt.
The then Governor of the
US state of Illinois, George
Ryan, declared a moratorium
on executions in January,
2000.
His decision followed the'
exoneration of the 13th death
row prisoner found to have
been wrongfully convicted in
the state since the USA rein-
stated the death penalty in
1977.
During the same period, 12
other Illinois prisoners had
been executed. In January,
2003, Governor Ryan par-
doned four death row prison-
ers and commuted -all 167
other death sentences in Illi-
nois.
To find out more about the
death penalty and other
human rights issues, visit the
Amnesty International web-
site at www.amnesty.org


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Monday to Satur
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I


FRIDAY, APRIL 21, 2006, PAGE 7


THE TRIBUNE


""
'


"L'l '"~j'~:.'- ' lip?








PAGE 8, FRIDAY, APRIL 21, 2006


r


THE TRIBUNE-


L.


N


W H A T S
















EM AI L:


ON IN A N D AROUND


N A S S A U


OUTTH ER E @ TRIBU N EM EDIA. NET


w-og B-ElAF '. PARTIES, MGHTCLUBS MM AlI
u ilimtlsM r & RESTAURANTS m n

LIVE MUSIC @ The Buzz, Nassau's Weekly Jam Session & Musicians
Hook-up. Located East Bay Street two doors East of Esso On The
Run, upstairs Good As New open Wednesday thru Saturday 8pm,
Sunday at 6pm. Amateur musicians try out & Open mic Wednesday &
Thursday after band practices. Professional musicians welcome to sit
in on jams Friday, Saturday and Sunday. Book now for special events,
concerts, private parties. Call 393-2800 (393-BUZZ) or www.thebuz-
znightclub.biz for more info Rock, Blues, Jazz, Funk, Reggae -
THE BUZZ: MAKING MUSIC LIVE

CAFE EUROPA @ Charlotte Street North, kicks off every Friday
night with Happy Hour... special drinks, live music/D'J from 6pm to
9pm and Nassau's first European Night Restaurant open Friday
night till Saturday morning 5am, serving hot food all under $10 and
to go, music, drinks and an English breakfast. Cafe Europa...the
perfect place to spend your night out till the morning.

Bahamian Party Hoppers and Smirnoff presents Friday Fusion @
Dicky Mo's (west of Radisson resort), Cable Beach. The first group of
10 or more will receive a free $100 bar tab of Fusion 3 for $10 specials.
Ask about our $13.95 dinner specials. Bahamian Night (Free admission)
every Saturday with live music from 8 pm to midnight. Karaoke Sun-
days from 8pm to midnight, $1 shots and dinner specials all night
long. For further information, call (242) 327-1300 or e-mail: bahami-
anpartyhoppers@yahoo.com

$5 Friday @ First Down every Friday night. Music by Barry Da Push-
er, Selector: Dominique. Ladies $5 all night, gents $10. Early juggling
by Mr. Xeitement and DJ Fatal. Drink specials all night long.

Bacardi Happy Hour @ Power Boat Adventures Bar and Grill (one
door east of Texaco Harbour Bay), every Friday. $3 Bacardi drinks all
night and $3 beers.

Ladies Night @ Power Boat Adventures Bar and Grill, every Saturday.
Ladies free, Gents, $10 all night. Bacardi Big Apple and other drink
specials all night long.

Wild Jungle, each and every Wednesday night @ Club Trappers, Nas-
sau's "upscale" gentleman's club. Featuring a female body painting
extravaganza. Free body painting @ 8 pm. Ladies always welcome.
Admission: Men free before 10 pm. Females free. There will be free
food and hors d'oeuvres between 9 and 10 pm. Open until 4 am.

Ladies Night @ Fluid Lounge, this and every Thursday night. Doors
open at 10pm. Ladies free before lam, $10 after. Guys: $15 all night.
Drink special: 3 @ $10 (Bacardi) Giveaways and door prizes every
week.

Saturday Night Live every Saturday night @ Club Fluid, Bay St. The
biggest party of the week, pumping all your favourite hits all night long.
Ladies in tree before llpm. Strict security enforced.

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

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

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

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

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

Fantasy Fridays @ Fluid Lounge, featuring late '80s music in the V1P
Lounge, Top of the charts in the Main Lounge, neon lights and Go Go
dancers. Admission: Ladies free before llpm, $15 after; Guys $20 all
night

Chill Out Sundays @ Coco Loco's, Sandyport, from 4pm-until, playing
deep, funky chill moods with world beats.

Sweet Sunday Chill Out Soiree Lounge, every Sunday, 4pm-midnight
@ Patio Grille, British Colonial Hotel.

Wet Sundays, every Sunday, noon-midnight @ Crystal Cay Beach.
Admission $10, ladies free.

TooLooSe @ Indigo Restaurant on West Bay St and Skyline Drive.
Smnger/songwrier Steven Holden performs solo with special guests
'Ihursdav from 9pm midnight.

The Graham Holden Deal @ The Green Parrot....David Graham,
Steve Holden, Tim Deal and Friends perform Sunday, 7pm 10pm @
Hurricane Hole on Paradise Island.

Jay Mitchell and Hot KC @ Palm Court Lounge, British Colonial
Hilton, Wednesday-Thursday 8pm-12am.

Sunday Night Interlude @ Briteley's Restaurant & Lounge, Eneas St


P. :< k
'qj*tT:

NX


off Poinciana Drive. Featuring Frankie Victory at the key board in the
After Dark Room every Sunday, 8.30pm to midnight. Fine food and
drinks.

Paul Hanna, Tabatha and Gernie, and the Caribbean Express perform
at Traveller's Rest, West Bay St, every Sunday, 6.30pm-9.30pm.

THE ARTS


Funky Nassau Rediscovering Identity: Featuring the artwork of
John Beadle, Dionne Benjamin-Smith, Lillian Blades, Blue Curry,
Michael Edwards, Antonious Roberts, Heino Schmid, Clive Stuart.
The exhibition will be held 5 to 8pm @ Nassauischer Kunstverein
Wiesbaden, Germany, in conjunction with the National Art Gallery
of the Bahamas. The exhibition continues through April 30.

African Art Exhibition "What is Africa to Me" from the private
collection of Kay Crawford running until Saturday, July 29 at
The National Art Gallery of the Bahamas (NAGB).


-URI 1 HEALTH

Autism Awareness Week
* Prime Minister's Walk for Autism Saturday, April 22
* Church Service (Kemp Road Union Baptist Church) Sunday
April 23
* Information Booth (Rawson Square) Wednesday April
* Information Booth (Mall at Marathon) Saturday April 29

Conference on Autism Spectrum Disorders
Workshop for Professionals May 19 @ 9am 4pm (New Providence
Community Centre)
Workshop for Families May 20 @ 9am 4pm (Garvin Tynes Primary
School)

Alcoholics Anonymous, wishes to inform the public of its meeting
times and places: The Nassau Grdup, Rosetta Street: Sunday Fri-
days 6pm to 7pm 8:30pm to 9:30pm Saturday mornings 10am to
11am Sacred Heart Church: Fridays 6pm to 7pm The Kirk:
Monday and Thursdays 7:30pm to 8:30pm New Providence Com-
munity Centre: Mondays 6pm to 7pm Wednesday and Fridays 7pm
to 8pm.

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.

Pre & Post Natal Fitness Classes are being held 6:30pm Tuesdays
and Thursdays at Nassau gymNastics Seagrapes location (off
Prince Charles Dr). Doctor approval is required. Call 364-8423 to
register or for more info.

Diabetes Directions a FREE diabetic support group meets the first
Monday of each month .at 6.30pm at New Providence Communi-
ty Centre, Blake Road. Dinner is provided and free blood sugar,
blood pressure and cholesterol testing is available. For more info
call 702-4646 or 327-2878

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

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 classes 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 Saturday of the month from 9am-lpm. Contact a Doctors
Hospital Community Training Representative at 302-4732 for
more information and learn to saye a life today.

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

n ilH .. cvCIVIC CLUBS

KINGSWAY Academy's Parent Teacher Association presents the
Earth Village Ranch (petting zoo), St Albans Drive and
Columbus Avenue, offers free admission every Wednesday
by appointment between 9am and 3pm. Bring your class,
play group, or family and experience some of the greatest
wonders of nature; a petting farm, a nature trail, pony/horse
rides, and wetlands. For more information or to book events
call 356-2274 or 434-8981. Special rates available for groups
of 20 or more with a two week advance reservation. Dona-
tions are accepted in exchange for tips.

St Andrew's Kirk After School Programme: The members of St
Andrew's Kirk have launched an After-School-Programme for
children from the Woodcock and Albury Sayle Primary Schools.
The programme, is held Monday to Friday at the St Andrew's Pres-
byterian Kirk. The activities include tutoring, computers, karata,
sports, art, drama and baking. The programme is free to children
from the Bain and Grants Town communities. Parents interested
in enrolling their children should contact the church at 322-5475 or
email: standrewskirk@yahoo.com

JAR CYCLING: The owners of JAR Cycling are pleased to offer
a cycling clinic for juniors between 10 and 17. The free clinic will
be held every Saturday in an effort to encourage kids to cycle. Par-
ents interested in registering their children should contact organ-
isers at jarcycling@gmail.com

The Nassau Bahamas Alumnae chapter of Delta Sigma Theta
Sorority Incorporated meets 6:30 pm every third Wednesday at the
Bahamas National Pride Building.

Toastmasters Club 3596 meets at the British Colonial Hilton
Monday's at 7pm.

Toastmasters Club 1095 meets Tuesday, 7.30pm @ C C Sweeting
Senior School's Dining Room, College Avenue off Moss Road.
Club 9477.meets Friday, 7pm @ Bahamas Baptist Community
College Rm A19, Jean St. Club 3956 meets Thursday, 7.30pn @
British Colonial Hilton. Club 1600 meets Thursday, 8.30pm @
SuperClubs Breezes. Club 7178 pleets Tuesday, 6pm @ The J
Whitney Pinder Building, Collins Ave. Club 2437 meets every
second, 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
Wednesday, 6pm-8pm in the Solomon's Building, East-West High-
way. Club 3596 meets at the British Colonial Hilton Mondays at
7pm. Club Cousteau 7343 meets every Tuesday night at 7.30 in the
Chickcharney Hotel, Fresh Creek, Central Andros. All are wel-
come.

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 month in the Board Room of the British
Colonial Hilton Hotel, Bay St.

Nassau,Council 10415 Knights of Columbus meets the second
and fourth Wednesday of the month, 8pm @ St Augustine's Mon-
estary.

Nassau Bahamas Koinonia meets every second Friday of each
month; 7.30pm at Emmaus Centre at St Augustine's Monestary.
For more info call 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 Friday of the month at
COB's Tourism Training Centre 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


I. i


Thank you Bahamas. wL't'Ce only just begun!'


Safety comes in cans. I can. you can. we can.


st ~ ii I s i" I r ~


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Organisers: impressive response




to Bahamas' first Ride for Hope


ORGANIZERS report an
impressive response to the
B4hamas' first Ride for Hope.
An innovative partnership
involving the Cancer Society of
the Bahamas, the Lyford Cay
Foundation and VMG Racing
formed earlier this year to host
the Bahamas' first Ride for Hope,
a charitable bike-a-thon which
will take place in North Eleuthera
on April 29. Although Ride for
Hbpe was announced less than
two months ago the organizing
committee is reporting an over-
whelming response.
"Members of our organising
committee have been over-
wlelmed by the reaction to date,"
Stephen Holowesko, President of
VMG Racing and a driving force
of'the Ride for Hope, said today.
"Our major corporate sponsors
- Bahamas Ferries, Million Air
Ngssau, New World Aviation,
Pictet Bank and Trust, the Royal
Bink of Canada, Royal Bank
Trust Company, and the TK
Foundation have come in with
subh impressive levels of support
and we are indebted to them for
their extraordinary contribu-
tions." ""


To positively compound the sit-
uation, the major sponsors have
been joined by more than two
dozen other business supporters
who are contributing to nearly
every facet of the event. As a
result of the outstanding corpo-
rate response, many features of
the Ride for Hope that organizers
envisioned would have to be
phased in over time have been
made possible in this inaugural
year.
Remarkable
As remarkable as the commu-
nity support has been, the orga-
nizing committee is also thrilled
with the number of riders who
have registered so far. Over 75
cyclists of all ages and abilities
have signed up to Ride for Hope.
Ranging in age from 6 to 76 years,
some participants will ride 10
miles, others 30; others stilLwill
ride 75 and 100 miles.
Susan Larson, Ride for Hope
co-ordinator, remarked, "We
really would have been happy
with 25 riders in our first event.
We worried somewhat about the
sacrifices riders would have to


make simply to participate. To
have more than 75 riders in our
first year is incredible. I think we
have hit on an idea that really
appeals to Bahamians. We could
not be more happy, or proud."
Ride for Hope will begin at 10
am on Saturday, April 29, at the
North Eleuthera Airport. Riders
going the full 100 miles will be
sent off first and the other group-
ings will follow. The out-and-back
route will pass through Lower
and Upper Bogue, Gregory
Town, Hatchet Bay, James Cis-
tern and Governor's Harbour.
Participants will cover a distance
of their choosing and then return
to, the staging area where their
overall mileage will be verified
and recorded. Prizes will be given
to those who raise the most mon-
ey relative to the miles they rode
making event awards within the
reach of everyone who partici-
pates. A complete overview of
the Ride for Hope, including reg-
istration and sponsorship forms,
can be found at www.ride-
forhopebahamas.com
Registrations are still coming
in and will be accepted right up to
start time. All are welcome!


Ruller C Sands
companyy lnuletd .

Butler & Sands
Member of The Burns House Group of Companies
presents


2 pm 6pm
Saturday, April 22nd 2006
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FRIDAY, APRIL 21, 2006, PAGE 9


THE TRIBUNE


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THE TRIBUNE


PAGE 10. FRIDAY. APRIL 21, 2006


..-AL N" .


FROM page one

of the trial judge, a Bahamian
judge has exercised her judicial
discretion to hand down the death
penalty on Maxo Tito.
Before the Privy Council's
decision, the death penalty would
have been automatic for those
convicted of murder.
Director of Public Prosecutions
Bernard Turner noted that he


Maxo Tito

was pleased with the sentence as
the prosecution had been seek-
ing the death penalty for Tito all
along.
However, he stated, the deci-
sion did not necessarily set any
precedent for the application of'
the death penalty in murder trials,
as it is still the discretion of all
trial judges to determine the


appropriate sentence.
"The only precedent you will
get is the procedure that needs
to be followed upon a person
being convicted of murder and
that procedure is what the judge
dealt with. The personal circum-
stances of each person that is
being convicted of murder will
have to be considered by every
judge before whom a person is
convicted of murder and that
judge has to determine the appro-


private sentence. The court from
the facts of this case determined
that the appropriate sentence was
death in the manner authorised
by law," Mr Turner said.
Justice Anita Allen handed
down the sentence on Tito short-
ly after 2 o'clock yesterday after-
noon noting that she had consid-
ered all the circumstances rele-
vant to the offence, the offender
and the victim.
The judge said that she noted


in particular the age or me vic-
tim, the heinous nature of the
crime, and the evidence that there
was sexual activity prior to her
death.
Tito seemed to show little emo-
tion as the sentence was read.
Tito's lawyer Wayne Munroe,


rresluent of the Banamas Bar,.
Association, noted that he did not
agree with the sentence and had
instructions to appeal both the
sentence and the conviction upon
which it was based. These appeals
he said could likely be filed by
the end of next week.


Investment boost:

V4411tLC


,i FROM page one
ing yesterday, Financial Servi
total estimated GDP impact
S. sideration investment by the
_-_ .- .. '"'. ,. owners, would be $50 millie
. "Economic assessments f
struction activities and oper
r- ,-. r GDP impact in a 15-20 yea
:.." 'I I ',' .'y',. contribution to revenue woi
/-. ---- r- "Additionally it is estimate
S 1 i / cumulative visitor spending c
i i i / .. period."


L ULII Ira


ices Minister Vincent Peet said that the
t of the development, taking into con-
e developer and construction by home-
n.
further indicate that as a result of con-'
ation of this development, cumulative
ar period would be $120 million and
uld be over $44 million.
ed that this development will stimulate
if some $286 million over the same time


11


'~~- Ce1;
, '. .1 0 1 "O""0 A
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FROM page one

it is inexcusable that a financial
mix-up could take so long to
resolve so as to put-the health of
Bahamian children in jeopardy,"
he said.
This is not the first time the
country's account has been frozen
during the PLP's tenure, Mr Ingra-
ham said adding that this trend
seems to have contributed to the
dramatic rise in infant mortality
over the same period.
"One of the results of this devel-
opment is that the tremendous
success achieved during the FNM
administration reducing infant
mortality from more than 24 per
thousand live births to 12 per thou-
sand is being reversed," he said.
"Already the infant mortality
. rate has increased to 19 per thou-
sand a testament to the incom-
petence and lack of focus by the
government in addressing the
essential health needs of the chil-
dren of the nation."
Mr Ingraham pointed out that
over the past week, there has been
an epidemic of mumps spreading
through the midwestern United
States, with no sign of letting up.
S "As all will be aware, the prin-
cipal market for tourists visiting
the Bahamas is the United States
S of America. Mumps is an easily
transmitted disease between
humans.
At the same time, the
Bahamas public health system is
without or dangerouslI loA on the
crintcal IMMR (mumps, measles
and rubella % accine administered
i to oni: and tive-year-old infants
and children
S "Further, the system is also
reportedly out of or severely short
S of the vaccine usually adminis-
tered to children at 2, 4, 6 and 18


Ingraham
months to protect against tetanus.
and diphtheria, among other child-
hood diseases.
"If information coming to our
attention is accurate, and we have
good reason to believe it is, the
Bahamas is facing a public health
emergency and the government's
silence on the matter is irrespon-
sible, indeed negligent.
"It is difficult to accept that the
government would not have
moved in a timely fashion to'
ensure safe supplies of essential
vaccines so central to the health
and welfare of our children," he
said.
Mr Ingraham said the FNM,
government never lost sight of the
fact that children deserved and
were entitled to the first call on
the resources of the country,.
"Clearly this is another area,in
which the FNM was different, dis-
tinctly different from the present
government," he said.
Mr Ingraham continued: "It is a'
basic but fundamental and vital
responsibility of our government'
to provide adequate health care
and educational opportunity for
all Bahamian children.
"Towards this end, the FNM
government aggressively pursued
the improvement of many services
directly related to the health of
infants and children. That progress
is now in danger."
Mr Ingraham urged the govy
eminent, and particularly the new
Minister of Health Dr Bernard-
Nottage, to doleverything possi-
ble to obtain the important vac-
cines as a matter of urgency.
Calls made to Dr Nottage and '
to director of Public Health Dr
Baldwin Carey were not returned'
yesterday afternoon.

FROM page four,

politics"! In each and every age,
however, the Church is called'
upon to speak out boldly against
the evils, and, in the words of tlhi
late Archbishop William Temple
to serve as "the conscience of the
nation".
If, as is the case in Jamaica,
today, ministers are called to, :
serve in public office, then they.
should do so to the best of their
ability, serving without fear or .
favour. By the same token, the .
ministers of the gospel here in
the Bahamas, are called to pro-
vide moral guidance for all the
people of this young nation. '
And, if that means the banning'
of a film that promotes homo-
sexuality, then so be it. As Sf
Peter put it "we must obey God'
rather than men"! (Acts 4) .
I began this contribution by '
commending Mr Allen for writ-:
ing articles which are most
informative and useful. Despite
seeking 'to take him to task' in
this letter, I would like to reit-
erate the statement that he is a
most promising young Bahami-
an, whose perspectives deserve
to be heeded. I shall continue
to read them with interest and.
appreciation!
I returned home from my last
trip to Jamaica just before Mrs
Simpson-Miller became Prime
Minister. While there, I could
not help sensing that a wave of
optimism was sweeping
through the island as people in
all walks of life look to the
guidance of its new leader.
Concluding, then, on a posi-
tive note, I would urge that we
all pray that Jamaica will,
indeed, enjoy a new era of
peace and prosperity under the
dynamic leadership of its
charismatic first female "politi-
cal head of state", the Rt Hon
Portia Simpson-Miller.

DR J EMMETTE WEIR
Freeport,
Grand Bahama,
April 5, 2006.


erhe i^^e2mna/rna1 &aftden %?46
'Island Life,"a standard flower show honouring the 45th Anniversary of the International Garden Club.
Mm p J 7I7M O 1T


~1


Register now for a wee kend of

fishing and fun, and get a chan. c

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f-t


JANE ROSE BULLARD


Heaven is where you are, its true,
Above the storm clouds and rain,
Ml'ere the sky is so eternally blue
And there is no more sickness or pain.
With courage I watched you fight.
WT prayed eacl day and tried to believe
That somehow it would be all right.
It is a great comfort to know that you
Are not really so far away,
A nd you will appear out of the blue,
Afjicr almost a lifetime away.
SEVEN YEARS TOO SOON!!
Gone but NEVER forgotten!!

Sadly missed by your children: Anita, Danny, Jennifer,
Candy and Dania; Nieces & Nephews, Aysa, Jasmine,
Ethan, Christopher, Robbie, DJ; Sisters, Brothers and a
host of other relatives and friends


l, i'" !,: '- '.. .
".:!.71 : ;,i :. : ^.




"I


/ ,.:


S*.,, :.5 7 .* '*



i k.. join us in Celebration the life of Hery ; l

Our Beloved, Father & Grand Father on April 22nd, l1 :00 am at the Terraced .. d.l.'-,
One and wCl, I '_.. 'Club Hotel on ; n.i.. -, I... .:, Bahamas

We request that you wear :;' ,1 colors and a warm smile


Please: Email if you are planning to attend: ti rajndl.l'.grou pI-" m' in -Lid n IL-'.ro



In Lieu of Flowers a Scholarship Fund
in the name of Henry Ross
has been opened with The Royal Bank of Canada in the Bahamas


I I I -, . ..-I . I .. ..- I -- -


-~ -- I -


,


: :


,AGW7









FRIDAY, APRIL 21, 2006, PAGE 11


TI-F TRIRI INF


LO CA NEWS


FROM pageone Testimony
Stimony


incarcerated for housebreaking,
was responsible for going to the
storeroom, education office, and
the prison canteen fence to get
breakfast for officers.
This inmate, when asked by Magis-
trate Virgill if he was involved in the
trafficking of contraband items, such as
cellphones, hacksaw blades, or drugs,
told her that he never trafficked any-
thing.
After being pressed by the Magis-
trate about persons who may have
been involved in trafficking, Johnson
became agitated, and tried to avoid
directly answering the Magistrate's
question.
Asked if he lied when he offered
up names to the police in a statement
after the prison break, Johnson even-
tually told the Magistrate that he did
not le, but he was too "scared" of the
repercussions if he were to testify in
open court.
Praying only to be released in Sep-
tember, Johnson told the Magistrate
that he wants to do what is right in
prison so that he can move through.
He said he lives in fear, and if he were
to give out names in court he would be
"mashed up" when he got back to the
prison.
Magistrate Virgill wanted to know if
Johnson did not feel that his troubles
would be alleviated if he spoke out
against the "bullies," he agreed that it
would be, but continued, "I still scared
MsVirgill."
He told the court that, since the
incident, his trustee badge has been
taken away from him, and later in his
testimony, he said the quality of the
water that he is now receiving is that of
drain water.
Once again, Johnson told the Mag-
istrate that he would answer her ques-
tions, but he would not wish to do it in
the presence of the press or the public
because he would be "mash up."
Considering Johnson's emotional
state at the time, Magistrate Virgill
excused anyone not directly associated
with the matter from the courtroom.
Before Johnson took the stand how-
ever, in an ironic twist of fate, inmate
Ellison Smith came before Magistrate
Virgil and began his appearance with
a request for her help.
Smith, who was sentenced for the
February 1997 slaying death of Mag-
istrate Virgill's husband, former MP
Charles Virgill, told the Magistrate
that he was being made to sleep on
concrete from January 18th to Febru-
ary 5th. He said Justice Allen was
responsible for him eventually getting
a mattress and some sheets.
He also told the Magistrate that he
was being shackled in his cell and
handcuffed in the showers and when
exercising.
nSmith informed the Magistrate of
how officials have carried off his toi-
letries and law paraphernalia, including
a copy of the Constitution and Penal
Code. '* .. . .
Additionally, Smith spoke oflieing
denied, by Deputy Charles Rolle, an
opportunity to "see the face" of his
sister, father, and brother upon their
passing. He felt that Deputy Rolle was
prejudiced against him, as he, on occa-
sion, has extended this courtesy to oth-
er inmates.
He came with a personal letter and
a letter from another inmate address-
ing other incidences of abuse. He was
directed by the Magistrate to turn the
letters over to her after he completed
his, testimony. She told him that she
would see to if that they got to the
proper authorities.
With that, Smith put the court on
notice that he probably would be
receiving repercussions for his state-
ments to the court, but proceeded to
give testimony after being cautioned by
Magistrate Virgill.
'Questions immediately turned to
Smith's emotional state after learning
of his brother's death.
Smith said that he was angry, sad,
and frustrated to learn not only about
the death of his brother, but also his
sister and father. He said he expressed
this to Corey Hepburn one day when
Hepburn approached him wanting to
know why he looked sad. Smith said he
never knew of an escape plan, but in a
note sent to him by Hepburn, was
asked if he wanted to go home. The
reply, which he shouted down to Hep-
burn's cell, was "Yes!"
He was later sent a hacksaw blade
by Hepburn, which he used to cut his
cell bars. Smith said it took him about
an hour to cut seven bars. Smith, how-
ever, said he never removed the bars
and never left his cell. He told the
court that he fell asleep after smok-
ing a cigarette and feeling dizzy.
Wakened by a "bam!" sound, Smith
recounted hearing people running, and
when he asked what was going on,
nobody immediately answered him.
He was later told that there was a body
on the ground that looked like an offi-
cer.
A few minutes before the sirens
went off, said Smith, Sgt Steven Sands
carime in the back and exclaimed, "Oh,
they kill Corporal Bowles," and ran
out. Sands, he continued, came back
after the siren went off and carried
Bowles out. He was not sure if Sands
was alone or with another officer.
He made a point of letting the court
know that he and the escapees had
nothing in common, as he had his own
J problems and stress. The frustration
that resulted from those problems, he
said, was the only thing that led him to
cut the bars. He did not try to get out,
Smith testified, because he heard a lot
of commotion and was confused as to


what was going on.
After Smith completed his testimo-
ny, inmate Trono Davis appeared next
to say that he knew the other escapees,
but that he did not know of the escape
Plans. In Davis's limited testimony, he
denied having hacksaw blades or plac-
ing the ones found in the wall of his cell
there. Although living in his cell for
over a year, he denied attempting to
cut the bars on his cell and denied
telling Neil Brown that he was not
ready to go with them.
' Following the inmates in their tes-
itindny, a Defence Force Officer took
tie stand to tell his version of events
that to6k place on the morning of Jan-
uary 17th.


As a part of a commando squad,
Officer Alton Rolle said he reported to
work at the prison shortly after 10pm.
Around 4am, the officer said he heard
alarms go off and, running outside,
saw prison officers running around,
shouting to each other that prisoners
were escaping.
Eventually meeting up with Corpo-
ral Jacks, Rolle said they made their
way to Yamacraw Road where he saw
three cuffed persons lying face down
on the ground with officers standing
around them.
A prison officer, he later testified,
told officers to put the prisoners on
the bus, but for a brief moment before
they were put on the bus, he noticed
that one of the persons on the ground
appeared to be lifeless. -
SOfficer Rolle told the court that
officials did not allow the prisoners to
walk to the bus, but, instead, lifted,
them. Each of the three men, the offi-
cer claimed, was being carried by two


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individuals. He admitted that none of
the prisoners he observed appeared
to be injured.
As an escort on the prison bus leav-
ing Yamacraw Road, Rolle said that
he stayed at the front of the bus, while
five to six officers remained in the back
of the bus with the three prisoners.
Questions from the Magistrate con-
centrated, in part, on Officer Rolle's
testimony relating to his search for a
fellow officer at, what he described to
be, a chaotic scene.
After telling the Magistrate that
when they (Defense Force Officers)
move, they move in pairs, Officer
Rolle said he lost contact with his fel-
low officer, Leading Seaman Mark
Knowles when they both left the con-
ference room in the prison compound.
After hearing the alarm that morning,
Rolle said both he.and Knowles ran
outside but went in different direc-
tions. He said that despite his attempts
to find Officer Knowles at the scene,
he never saw him again until
he returned to the prison after,
leaving Yamacraw Road that morn-
ing.


Despite not locating his fellow offi-
cer, Rolle boarded the prison bus and,
occupying a seat at the front of the
bus, rode back to the prison. Officer
Rolle said he never bothered to see
what was going on in the back of the
bus because there was no need to, see-
ing that there were officers already in
back with the three prisoners.
After Officer Rolle's testimony, yes-
terday's session was adjourned to 10
o'clock this morning.

* CORRECTION
In an article appearing in The
Tribune on Thursday, April 20
prison inmate Peter Cash was incor-
rectly quoted as testifying to having
had a conversation with inmate Neil
Brown and hearing an object hit
the ground near his cell.
Those comments were made by
inmate Robert Green during his
testimony.
Apologies to Mr Cash for what-
ever inconveniences this attribu-
tion may have caused him.


Man dies in hospital


after shooting

FROM page one

23-year-old Jamal Green.
Assistant Commissioner of Police Reginald Ferguson said
the matter is under intense investigation.
"As best we know right now, there seemed to be
an altercation between two men and gunfire erupted," he
said.
Also, at 8.30pm on Wednesday, as result of an argument
between two men, 30-year-old Shamack Rolle was shot in his left
thigh.
He was taken to hospital, treated and discharged.
A man is in serious condition in hospital after being shot in the
stomach.
According to police, at 11am yesterday on Thompson Lane,
Gerald Lotmore was shot in his stomach.
He is listed in serious condition in hospital.
The police are following leads in all the matters.


~~ ''
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FRIDAY, APRIL 21, 2006


SECTION .


business@tribunemedia.net


*gr*wibune


9S


Analysis, Wall Street


Government's


targets


debt


'out of reach'


M By NEIL HARTNELL
Tribune Business Editor
The Government's
national debt reduction
targets are "out of
reach", a major Wall
Street credit rating
agency believes, as it is likely to keep
on incurring fiscal deficits through
infrastructure spending to support
major investment projects.
Standard & Poors (S&P), in its
credit report on the Bahamas, pre-
dicted that this nation's national debt
would remain at about 36 per cent of
gross domestic product (GDP) "in at
least the next two to three years".
SThis-would take the Bahamas to
2009, and S&P pointed out that the


Government announced in its 2005-
2006 Budget that it had set the target
of reducing the national debt to 30
per cent of GDP by 2010.
However, the 36 per cent level is
still well below the 40 per cent of
GDP threshold, which is regarded as
the point where a country might have
difficulty servicing its national debt.
The Wall Street credit rating agency
forecast that the general government
fiscal deficit would remain between
2.3-2.5 per cent of GDP between
2006-2009, and between 2.8-3 per cent
by the central government measure-
ment.
S&P said: "In the next two to three
years, the fiscal performance is likely
to be affected by significant tourism-
related projects. On one hand, the


revenue will be boosted by the rising
import duty intake; on the other, the
government's involvement in several
stages of large private-sector tourism
projects (reallocation of roads and
buildings) will put additional pres-
sure on expenditures.
"As the Government is unlikely to
reduce the fiscal deficits in the near
future, its goal of lowering the debt
levels in the next few years seems
equally out of reach."
While central government revenues
were expected to continue increasing
over the next two years, rising to 19.7
per cent and 19.2 per cent of GDP in
2006 and 2007, S&P predicted that
this growth would still be outstripped
by spending, forecast to hit 22 per
cent and 22.7 per cent of GDP in 2006


and 2007 respectively.
S&P predicted that the fiscal deficit
for 2005-2006 would strike 2.8 per
cent of GDP, matching the Govern-
ment's forecast, and higher than the
2.4 per cent incurred during 2004-
2005. The fiscal deficit for 2006-2007
was 'estimated at 3 per cent of GDP.
The Government's gross general
debt was forecast by S&P to rise from
36.3 per cent in 2006 to 36.9 per cent
in 2007.
Analysing the 2005-2006 fiscal year
to date, S&P added: "For the first six
months of the fiscal year, the tax col-
lection was stronger than anticipat-
ed, benefiting from the growing econ-
omy and increasing intake from
import duties.
"As a result, for this period the cen-


tral government deficit stood at 40
per cent of the annual targeted level.
However, S&P projects that the cap-
ital expenditures will pick up in early
2006 and conservatively estimates the
fiscal deficit in line with the budget at
2.8 per cent of GDP at the central
government level.
"In fact, the Government has only
limited room for scaling down its cap-
ital expenditures because some of
them (an airport upgrade) are pre-
requisites for important private sector,
investments, while others are related
-to hurricane restructuring and infra-
structure improvement and also can-
not be postponed."

SEE page 2B


* BAHAMAS Chamber of Commerce president, Tanya
Wright, speaks at Bahamas Business Development seminar
yesterday.
(Photo: Tim Aylen/BIS)



Bank launches


$10m small


business fund

By A FELICITY INGRAHAM
Tribune Business Reporter
SCOTIABANK (Bahamas) yesterday said its $10 million
investment fund, targeting small and medium-sized busi-
nesses, had been launched
Clement Foster, the bank's Small Business Division man-
ager, announced that the money was now available for lend-
ing to Bahamian entrepreneurs while making his presenta-
tion during the opening of the Bahamas Business Develop-
ment seminar.
Entrepreneurs or established businessmen and women
owning small to medium-sized companies will be able to
apply for loans set at a.mini-
muin of $100,000 and a maxi-
mum of $250,000. SEE page 6B



Ritz-Carlton to take over

Abaco resort on July 1


A Ritz-Carlton affiliate will
take over management of the
Abaco Club on Winding Bay
resort from flamboyant
tycoon, Peter de Savary, on
July 1, 2006.
RC Abaco Holding Com-
pany has become a 50 per cent
equity partner, in the project,
and a full management transi-
tion will be effected by July 1.
Mr de Savary will continue
as chairman of the Member's
Club, and the resort's name
will become The Abaco Club
On Winding Bay, a Ritz-Carl-
ton Managed Club.
"I look forward to a long
term relationship with the


Ritz-Carlton and believe the
combination of our skills will
also benefit future endeav-
ours," said Mr de Savary.
The Abaco Club is set on a
520-acre peninsula on Gr-at
Abaco Access to the Club's
own private 12 passenger
plane allows guests to trans-
fer to the Club's private ter-
minal at Marsh Harbour Air-
port from cities in South Flori-
da and Nassau.
Meanwhile, Marriott Inter-
national announced yesterday
it had begun timeshare sales
for the Abaco Club on Wind-
ing Bay during the 2006 first
quarter.


Bahamian investors



purchase Aquapure


* By NEIL MARTNELL
TribiiiFe Bsiness Editor
AQUAPURE, the bottled
water company, has been sold
for an undisclosed to a
Bahamian investment consor-
tium called KLG Investments,
it was revealed yesterday, with
the deal expected to close by
the end of May 2006.
A joint statement issued by
the McSweeney family, who
have owned and operate
Aquapure since it was founded
in 1975, and the buyers, said
the company's 108 staff and
current suppliers would remain


in place once the new owners
tWok control.
The release confirmed Tri-
bune Business's exclusive story
on January 9 this year, when
this newspaper revealed that
Aquapure was looking for a
buyer.
KLG Investments, whose
spokesman is Bahamian real-
tor and businessman Geoffrey
Knowles, said it was commit-
ted to making "significant
investments" in Aquapure to
enhance its production, relia-
bility and quality of supply.
KLG's other investors were
not identified, but Mr Knowles


said. "The Aquapure brand is
a"Sbhos6isehotd name iin-tfl
Bahamas, a leadership brand
that has been maintained by
the McSweeney family since
the seventies. We intend to
invest further in the business
and the brand, and with the
support of our future stake-
holders to build on that
brand."
Maryann McSweeney, the
daughter of Aquapure's
founder, added: "We wanted
to find a group who could take


SEE page 11B


'p


* By NEIL HARTNELL
Tribune Business
Editor
THE Bahamian business:
community believes this
nation is not achieving its

SEE page 11B


you're pretty sure
college is in his future
Reality Check.
You never know what's in yours.
His future and yours can be protected
with the right life insurance or investment plan.
Call or log on to www.familyguardian.com
today!
















FAMILY 4
GUARDIAN
INSURANCE
COMPANY
ACO & ELEUTHERA CORPORATE CENTRE EAST BAY STREET, NASSAU P.O. BOX SS 6232


Miami Herald Business, Stocks,


Insurance & Investments
to Build a Better Life
Telephone 242-393-1023


___ __ L I


- I


- I I II rs I -- r 9 1 I


I


----








THE TRIBUNE


WB N


FriayApri 2
~ *













B
Saura, April22





BO 111ATFrleSA








BOAT FOR S$ALE


.J-.J.-a< ,- .' ."" ..*.... -'S .,


The "Majestad 1" has an open deck Defender Hull of fiberglass
construction with a 2nd deck affixed to accommodate passengers,
which also houses the pilot arrangements. Hull is in excellent
condition and all equipment onboard is in good working condition..
Principal Dimensions


Length Overall:.
Breadth!
Engine:


61.0 feet
18.0 feet
(2) Detroit Diesel 12V71 recently rebuilt


Vessel has five compartments w/ five bilge pumps equipped
with 1 inch discharge hoses and a capacity 2,000gph:

ERIPHONE 63763 ONLY!
..... SERIOUS ENOIJIRIES ONLY! .


Taking professional





advisers into 'account'


Picking your professionals is
an important consideration for
your business. The quality of
the professionals you hire will
have a direct impact on the
success of your business. But
beware, the quality can vary
enormously. You should try to
get the best professionals you
can afford for the size of your
business, and pay the most you
can afford. There is a saying:
"If you pay peanuts, you will
get monkeys", and this is nev-
er more true than in the choice
of professionals.
The four most important
professionals are your banker,
your accountant, your lawyer
and your consultant.
Take the time to shop
around, and do not open your
bank account with the first
bank you come across. Equal-
ly, don't appoint the first
accountant or lawyer you
meet. You should be able to
take your time, as with lawyers
and accountants you will be
spoilt for choice. Get recom-
mendations from business peo-
ple you respect. Your accoun-
tant will be able to recommend
a good banker and lawyer.
Your lawyer should also be
able to recommend a good
accountant and banker. Pick a
shortlist of at least three to
interview.
First, your choice of banker
will be most important, as they
will be facilitating cash, the
lifeblood of your business, and
their support will be crucial if
you get yourself into cash flow
problems.
In your interview process
you will need to consider
whether your bank manager
has experience with your type
and size of business. Does your
bank manager understand
-"what you-do? Does your bank
manager have a sufficiently
high loan approval limit, or will
he or she need to get approval


from head office? Can he or
she make quick decisions?
And last, but not least, is there
sufficient chemistry between
you?
Secondly, your choice of
bookkeeper or accountant will
be equally important. A lot of
self-employed people make the
mistake of not hiring a good
bookkeeper from the start.
You must record your business
transactions accurately. If you
don't use a bookkeeper from
day one, you may have to
spend valuable time later
reconstructing your incomplete
records.
Without accurate figures,
you will find it hard to control
your cash flow. Without prop-
er record keeping, you won't
be able to see where the busi-
ness is going and you won't be
able to make the important
decisions that will ensure your
success.
In your interview process
you will need to consider
whether your bookkeeper is
adequately qualified for the
work you need him or her to
do. Does your bookkeeper
have experience with your type
and size of business? And last
but not least, is there sufficient
chemistry between you?
If you are a business owner,
or want to become a business
owner, you will need to choose
a good accountant rather than
a bookkeeper, as your business
will generally be more compli-
cated to run.
The right accountant can
help you prepare- your busi-
ness plan, set up your book-
keeping system, set up the
financial controls in your busi-
ness, interpret your financial
information, plan your invest-
ments and tax, choose the best
corporate vehicle, prepare
your bank presentation, pro-
vide alternative credit lines and
alternative sources of money,
as well as recommend your
credit worthiness.


SSj Business





I .
^al Sense '
By Mark.alme


In your interview process
you will need to consider
whether you need a fully qual-
ified accountant, or will a part-
qualified one do? Find one
who understands your business
and has experience working on
yoursjz .Qfb.usinessEind-one-
that you connect with, and who
has your interests at heart. Is
your accountant the type who
will deliver for you on time and
cost effectively? Is he or she
business savvy, creative with
numbers and a problem
solver? Can he or she make
quick decisions? And, last but
not least, is there sufficient
chemistry between you?
Third, your choice of lawyer
will also be important for your
business. The right lawyer can
help you choose the best cor-
porate vehicle for your busi-
ness, prepare your negotia-
tions, provide alternative cred-
it lines, refer you to alterna-
tive sources of money, help
you choose the right bank
manager and accountant, and
help-you effeetively-resolve-any
contract disputes and litigation.
Be clear what you need your
lawyer for. Is it corporate
advice, litigation or intellectu-
al property protection that you
need? Find out one that has
experience working on your
size of business. Find one that
you connect with and who has
your interests at heart. Is your
lawyer the type who will deliv-
er a promise, fully qualified,


well-connected, and technical-
ly competent in your field?
Fourth and finally, if your
business is large enough to
require advice from people to
help solve your business prob-
lems, then your choice of con-
-sultant will also be important.
The right consultant can help
you make cost savings, stream-
line your processes and identi-
fy solutions to your business
challenges. Find a consultant
who is savvy, has good refer-
ences, has experience with
your type of business, and has
demonstrated the' ability to
make immediate improve-
ments to your bottom line.
Choosing the right profes-
sionals is a crucial area that
will require much care, as it
will have a direct bearing on
your future success or failure.
So, in order to avoid the trap
of antipreneurship, make sure
you spend enough time in your
selection, as it will pay large
dividends for your future busi-
ness success.
NB: Adapted from his
upcoming book, Antipreneur-
ship And How to Avoid It,
Mark draws on 20 years of top
level business, marketing and
communications experience in
London and the Bahamas. He
consults and currently lives in
Nassau, and can bWcontacted
at markalexpalmer@mac.com
@ Mark Palmer. All rights
reserved


Government's debt


targets 'out of reach'


FROM page 1B

While praising the Bahamas
for its "prudent" fiscal policies,
S&P reiterated the age old crit-
icisms that the tax system was
too dependent on internation-
al trade and transactions,
accounting for 60 per cent of
annual revenues.
This taxation structure, the
Wa6ll Street credit rating
agency saiad,;"ampers .eco-
nomic growth" through impos-
ing high duty levels and pre-


venting integration with the
world economy.
S&P said the tax system
"exacerbates the risks inher-
ent in the already narrow
Bahamian economy", adding:
"Although the Government
acknowledges the resulting fis-
cal inflexibility, it will not
undertake major changes to
the tax system prior to the end
of its term.
"The feasible timeframe for
the tax system revision is with-
in five to 10 years."
Interest payments on gov-


ernment debt were about 10
per cent of its annual revenues,
S&P said.
But in the Bahamas' favour,
it pointed out that 87 per cent
of government debt was held
by domestic creditors, and only
10 per cent of this amount was
made up from short-term
Treasury Bills.
The public sector's contin-
gent liabilities were estimated
.at 9.7 per.cent-of-GDP, with
direct government guarantees
to public enterprises account-
ing for 7.7 per cent of GDP.


Scotiabank's 'Forgive & Forget' Mortgage Campaign


TO calebruo our S0th year In The Bahamai, Scctaank Is gIvIng
awny $50,000 In Pr-1204.

Down~ymein t at, low us% (with Mortpge Indmndty fs Irtonce)

Campaign rum untir Jury 14 2006

CA or v s.W u atodoy a"d bktibatokh Yu toorfv.I Potp f


/IIi. M l'r~ I~'4 I PrJCIh


MUST SELL
An Office Building with a Warehouse comprising 2,300 sq. ft. situated
on Lot No. A (6,266 sq.ft.) being a portion of Lots 1 & 2, Block 2 of
Peardale Road in Peardale Subdivision off Wulff Road.












For conditions of the sale and any other information, please contact:
The Commercial Credit Collection Unit at
356-1685 or 356-1608 Nassau, Bahamas
Interested persons should submit offers in writing addressed to:
The Commercial Credit Collection Unit, P.O. Box N-7518, Nassau, Bahamas to
reach us before April 14, 2006
Directions: Traveling west along Wulff Rd from Claridge Rd, take the first corer on the left, Peardale Road.
Heading South along Peardale Road the subject property is situated at the junction of Peardale Road and the
first comer on the left (Peardale Manor Road)
Financing available for qualified persons.
Serious enquiries only


I -


PAGE 213, FRIDAY, APRIL 21, 2006





FRIDAY, APRIL 21, 2006, PAGE 3B


THE TRIBUNE





Bahaas st f




real DP r


Bl^^f9


* By NEIL HARTNELL
Tribune Business Editor

economy is set to
enjoy real gross
domestic product
growth of 3-4 per
cent per annum over forth-
coming years, Standard &
Poor's (S&P) has predicted,
despite the challenges facing
the tourism industry because of
its "decreasing competitive-
ness".
S&P's 2006 credit report on
the Bahamas noted that touris-
m's competitiveness was being
threatened by what it described
as a combination of "inflated"
hotel room prices, low room
inventory and "low customer
satisfaction levels outside of
Atlantis properties".
Another difficulty facing the
tourism industry, according to
S&P, was the heavy reliance on
Nassau and Paradise Island,
where properties accounted for
60 per cent of stopover arrivals
and 70 per cent of the
Bahamas' total tourism
receipts.
While tourism accounted for
50 per cent of Bahamian GDP
and 60 per cent of current
account receipts, employing
over half the workforce, S&P
said tourism development on
the Family Islands was hin-
dered by "inadequate trans-
portation".
Although Atlantis's strong
brand identity, the cruise indus-
try, level of investment and
proximity to the US were all
strengths, the Wall Street cred-
it rating agency said the


Bahamian tourism performance
had been "uneven".
Following the Atlantis-led
growth in the mid-1990s, S&P
said: "Stopover arrivals
declined every year but one
from 1996 to 2003. The recent
pick-up in stopover arrivals,
with levels still below those of
the mid-1990s, reflects an
increase in low-cost airlifts and
development of tourism in the
Family Islands.
"The growth, however, con-
tinues to be constrained by
strong regional competition, the
closure of [the Royal Oasis],
and hurricane season."
In contrast, the number of
cruise passengers arriving in the
Bahamas had more than dou-
bled over the past 10 years, this
nation enjoying "steady
growth" in visitor spending.
S&P added: "Since 1995, the
visitors' expenditures grew by
close to 45 per cent in 2005,
while as mentioned before, the
level of stopover tourists has
barely changed."
However, the Wall Street
agency said the "massive new
investment" in the sector by the
likes of Kerzner International
and Baha Mar "should signifi-
cantly boost the prospects of
the tourism sector, as both the
room stock and hotel quality
will be upgraded".
Coupled with the Govern-
ment's strategy of creating an
anchor tourism project for
every Bahamian island, S&P
said this should take the indus-
try "to a new level of develop-
ment" and sustain economic
growth.
The trend where occupancy


levels at Family Island hotels
were as low as 40 per cent, com-
pared to 90 per cent at Atlantis,
was expected to be reversed.
Going forward, the Bahamas'
real per capital income was
expected to rise from $19,570
in 2006 to $20,344 in 2007, the
growth rate for both those years
being 2 per cent.
S&P estimated that the
Bahamas enjoyed real GDP
growth of 3.5 per cent in 2005,
compared to 3 per cent the pre-
vious year, driven by invest-
ment and housing projects, plus
hurricane reconstruction.




A...


Share
your
news
The Tribune wants to hear
from people who are
making news in their
neighborhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.
If so, call us on 322-1986
and share your story.


THE BAHAMAS RED

CROSS SOCIETY

Annual Grand Raffle


HAS BEEN EXTENDED TO







PRIZES

1. A 2006 FORD FIESTA (kindly donated
by Friendly Motors Limited)
2. Round trip for two anywhere in the U.S.
(kindly donated by Delta Airlines)
3. Round trip for two
Nassau/Kingston/Nassau (kindly donated
by Bahamasair)
4. Round trip for two
Nassau/Orlando/Nassau (kindly donated
by Bahamasair)
5. Round trip for two Nassau/Fort
Lauderdale/Nassau (kindly donated by
Bahamasair)
6. Peonies & Lilacs Oil Painting by artist
Peter Sans (kindly donated by -Anonymous)
7. Hamilton Beach Coffee Maker, Hamilton
.Beach Slow Cooker (kindly donated by John
S. George)


0





0











0
Ei


O








I

c^




^1





u1



O


Ticket: $5.00


MINISTRY OF EDUCATION, SCIENCE & TECHNOLOGY
SCHOLARSHIP & EDUCATION LOAN DIVISION

PUBLIC NOTICE
THE GOVERNMENT OF THE BAHAMAS
EDUCATIONAL GUARANTEE LOAN PROGRAM

Please be advised that completed application forms for the Education Guarantee Loan
Program are to be returned to the Scholarship & Educational Loan Division by the
last Friday in April 2006. Application forms can be obtained from the following
locations between normal business hours. Application forms can also be obtained
from The Bahamas Ministry of Education, Science & Technology website at
www.bahamaseducation.com

Nassau
Scholarship & Education Loan Division
Ministry of Education, Science & Technology
Ground Floor
Thompson Boulevard

Grand Bahama
Scholarship Section
Ministry of Education, Science & Technology
Kipling Building

Family Islands
Office of the District Superintendent, High School
Principals & Guidance Counsellors.
Ministry of Education, Science & Technology


All interested persons, including previous applicants who wish to be reconsidered, will be
required to complete an application form.
Completed application forms must be received by the Scholarship & Education Loan.
Division no later FRIDAY APRIL 28TH AT 3 pm.

LATE AND/OR INCOMPLETE APPLICATION FORMS WILL
NOT BE CONSIDERED





1 Bank of The Bahamas
INTERNATIONAL

"A growing and dynamic Bahamian institution"
VACANCY FOR THE POSITION OF:

RELATIONSHIP MANAGER
Core responsibilities:

Analyze and investigate financial and non-financial information with
a view to assessing the viability of business proposals. Assess loan
applications and interview potential candidates.
Prepare credit proposals for-existing and potential clients.
Manage effectively, a portfolio of corporate relationships and act as ;
'Relationship Manager' for assigned accounts.
Increase consistently, the value of accounts through personal marketing
efforts.
Conduct consistent follow-up on delinquent accounts and institute
measures for the collection of bad accounts.
Conduct field inspections.
Assess the local industries and make recommendations for areas of A
exploration by the Corporate Credit Division.
Recommend annual performance objectives and action plans that
will help to increase the Bank's profitability. (Ability to successfully
implement plans to completion is critical.).

KNOWLEDGE. SKILLS. AND ABILITIES: ;
a.
Bachelors Degree in Economics/Finance/Business Administration ,
Three to five years lending experience in the Financial Services
Industry (Preferably in a commercial banking capacity)
Strong analytical and organizational skills
Being a team player is essential; must liave excellent interpersonal
and communication skills.

Benefits include: Competitive compensation (commensurate with
qualifications); group medical, vision, and life insurance; attractive package
and a pension scheme.
Send resume to: The Manager, Human Resources and Training
Bank of The Bahamas International
P.O. Box N-7118
Shirley Street


Nassau, Bahamas
Deadline Monday, April 24th, 2006


- ---- I






THE TRIBUNE


PAGE 4B FRIDAYAPRIL 21 2006


Grand Bahama Power


'stretched to,


the


limit'


GRAND Bahama Power
Company announced yester-
day that it had been "stretched
to the limit" by the damage
caused to its assets by three
hurricanes and a tropical storm
within 18 months, unveiling
plans for a $15 million invest-
ment to enhance its infrastruc-
ture.
In a statement published in


Tribune Business, Grand
Bahama Power Company said
the investment was necessary
to improve customer service
and strengthen its system
against future hurricanes.
Generation
As it was a standalone pow-
er generation and distribution


system, not connected to any
others, the company said it
would continue to be vulnera-
ble to hurricanes.
Acknowledging that Hurri-
canes Frances, Jeanne and
Wilma, plus Tropical Storm
Katrina, "have stretched the
company to its limits", Grand
Bahama Power said the storms
had caused a combined $14


reiI


SL-r: Denzil McDonald,
SCrystal Cunningham,







Are you an honours degree university student
"'1. and interested in a career in the financial arena? You
must be a Caribbean national 20-25 years old, living
e",, in a country with a FirstCaribbean presence; and

l ^'.
A' yu willing to travel.





'-... FirstCaribbean is proud to introduce its Graduate Development
Programme CareerFirst, a highly structured, quick-paced
;.. training programme that will-provide you with an excellent
grounding in banking and financial services.


If you qualify, complete the application form on our website at
Swww.firstcaribbeanbank.com and return it to our confidential
mailbox: CareerFirst@'sfirstcaribbeanbank.com.


SThe programme provides you with management experience
-. .;". for banking or any business sector.


j, ,: .., Applications close 26th April 2006.






FI
..,-r-.- 4'- r-
l N:":. -.....: .







GE
.^, *;,:..'< ''i: '.',.- **.; : ________________


RSTCARIBBEAN
INTERNATIONAL BANK
T THERE. TOGETHER.


million in damage to its prop-
erty, plus a further $4.4 mil-
lion in revenue losses.
David Dunbar, the firm's
chief executive, said the com-
pany had invested over $120
million in the past 12 years.
It had already replaced more
than 2,000 of its poles and
implemented a Geographical
Information System (GIS) to
speed up maintenance and
improve service.
, Just last week, shareholders
in ICD Utilities, the company
that acts as the BISX-listed
holding vehicle for the public
50 per cent stake in Grand
Bahama Power, were warned
they would not receive their
normal May dividend after the
electricity utility decided to
conserve capital with, the
approach of hurricane season.
Spent
Grand Bahama Power had
spent more than $18.4 million
on restoring power over 2004
and 2005, a period when the
island had been hit by three
major hurricanes, and said it
wanted to conserve capital to
improve customer service.
As a result, its Board of
Directors had decided not to
pay the regular May dividend,
and are "deferring" any deci-
sion on other future dividend
payments until the 2006 hurri-
cane season closes.
This move has forced ICD
Utilities' Board to follow suit
on the May dividend.
In a statement, ICD Utili-
ties said: "Grand Bahama
Power is not declaring a divi-
dend at this time in order to
improve service quality, relia-
bility and overall customer sat-
isfaction. Grand Bahama Pow-
er s decision was made after a
comprehensi\'c review of [its]
customer service delivery per-
formance.
"In the aftermath of three
hurricanes and a major tropical
storm in 2004 and 2005, the
cost of Grand Bahama Pow-
er's restoration efforts exceed-
ed $18.4 million.













redInih


on Monday


Financial Advisors Ltd.
Pricing Information As Of:
20 April 200 6
BISX LISTED & TRADED SECURITIES VISIT WWW.BISXBAHAMAS.COM FOR MORE DATA & INFORMATION
BISX ALL, SHARE INDEX: CLOSE 1.420.69 / CHG 00.31 ? %CHG 00.02 / YTD 69.98 / YTD % 05.15
52s.k--ii E2.'.-L..'. 5;,rr.o. :,iPr e...:., : I .- T.,-J.' C. ClCn C an e Dail. '.c EPS I C', I. i-'
0.95 o.5 .. a, :.* r ', 1 J .,- 1 Cit ,---' rj rr.
10.70 8.00 Bahamas Property Fund 10.70 10.70 0.00 1.568 0.360 6.8 3.369'
7.24 6.26 Bank of Bahamas 7,10 7.23 0.13 10,575 0.643 0.330 11.2 4.56%
0.85 0.70 Benchmark 0.70 0.70 0.00 0.175 0.020 4.0 2.86%,
1.80 1.26 Bahamas Waste 1.26 1.26 0.00 0.105 0.060 12.0 4.76%/
1.20 1.04 Fidelity Bank 1.12 1.12 0.00 0.070 0.050 16.0 4.46%
9.60 8.00 Cable Bahamas 9.20 9.15 -0.05 1,800 0.565 0.240 16.2 2.62%
2.20 1.39 Colina Holdings 1.69 1.69 0.00 -0.067 0.000 NM 0.00%
10.00 8.33 Commonwealth Bank 10.00 10.00 0.00 0.861 0.560 11.6 5.60%
5.68 4.12 Consolidated Water BDRs 4.70 4.83 0.13 0.091 0.045 51.9 0.96',
2.88 1.51 Doctor's Hospital 2.45 2.45 0.00 100 0.437 0.000 5.6 0.00%
6.21 4.02 Famguard 6.21 6.20 -0.01 1,000 0.539 0.240 11.5 3.87%
10.99 10.40 Finco 10.99 10.99 0.00 500 0.738 0.540 14.9 4.91%
11.50 7.75 FirstCaribbean 11.50 11.50 0.00 500 0.874 0.500 13.2 4.35%
10.42 7.99 Focol 10.42 10.42 0.00 0.833 0.500 12.5 4.80%
1.27 1.15 Freeport Concrete 1.15 1.15 0.00 -0.162 0.000 N/M 0.00%
10.20 9.50 ICD Utilities 9.50 9.50 0.00 0.526 0.540 18.1 5.68%
9.10 8.22 J.S. Johnson 9.09 9.09 0.00 0.572 0.560 15.9 6.16%
7.95 5.30 Kerzner International BDRs 7.82 7.84 0.02 0.134 0.000 58.4 0.00
10 00 1000 Premier Real Estate 10 00 1000 0 00 2.036 0.585 4.9 5.85%
dlty Over-The-Counter Seourites
52.K-H, 52..,k-L.b ,rrmb.l Ell 3 1.' L iai& P :..:- ." :I EPl' i', r F *"'II
13.25 12.25 Bahamas Supermarkets 14.00 15.00 11.00 1.917 0.720 7.2 480%
10.14 10.00 Caribbean Crossings (Pref) 10.00 10.35 10.00 0.000 0.800 NM 7.80%
0 54 0 20 RND Holdings n 29 0 54 0.00 -0.084 0.000 NM 0.00%
Caina Over-Tne-Countef Securities
4 j0 28 ,-, -- -60 46D B ,:,, -1Q ,00 1 ,-,0 2 ,- ,, -, ,, ,.
16.00 13.00 Bahamas Supermarkets 13.25 14.25 12.50 1.105 0.810 14.6 6.93%
0o 0 35 RND Holdinras 0 29 0.54 0.35 -0.103 0.000 N/M 0.00%
ISX Listed Mutual Furids
*5 '..1.-H, 5 .*. .L:..'. Fur.. N are IJ YTC Lam- I1 r.l:,r.ns C.. I :____
I.2816 1 2, 31 Coi.- r.lo.-.e, r.Ll rKa .l F,.. 1 .'A lr-,l
2.6662 2.2420 Fidelity Bahamas G & I Fund 2.6570 *
2.3294 2.2214 Colina MSI Preferred Fund 2.329423*
1 1643 1 1006 Colina Bond Fund 1.164331"**
FINDER. CLOSE 614.07 r YTD 11 27% / 2005 26.09%
E6l X 4LL HA e PIC L 1 i-. = 1 :":.:. ILC.. r:.-,r. :
52wk-Hi Highest closing price In last 52 weeks Bid $ Buying price of Colina and Fidelilt
52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fldelit,
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 daB EPS $ A company's reported earnings per share for the last 12 mths
Daily Vol. Number of total shares traded today NAV Net Asset Value
DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful
P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1. 1994 = 100
* AS AT MAR. 31, 2006/ "" AS AT MAR. 31. 2006
SaCT M.IAR 31 2006' ** AS T FEB 28 2006
TO TRADE CALL COUNA 242-602-7010 / FIDELITY 242- 56-776 4


"Prudent utility practice
requires Grand Bahama Pow-
er to invest into strengthening
its power system against hurri-


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canes.
"Another active hurricane
season is forecasted for 2006,"
the statement said.


JOB VACANCY
Cafeteria Supervisor

Core Functions:

Manage the day-to-day operations of the staf-cafeteria.

Education and Experience:
Associate's degree in culinary arts from a recognized tertiary
institution, plus three (3) years supervisory experience in
a cooking facility.
Sound knowledge of health, nutrition and safety standards
Sound planning and organizational skills
Sound human relations skills.
The position is being offered on a contractual basis for a period
of three years, with standard benefits.
Interested persons should provide a copy of their degree and
academic transcript to:
The Human Resources Manager
DA #46060
c/o: The Tribune
P.O. Box N-3207
Deadline: Wednesday, April 26, 2006








Asst. Financial

Controller


Eligible Candidate must posses:
Bachelors of Business
Administration Degree with
main concentration in
Accounting.
4 to 5 years experience in the
related field.
Excellent oral, written and
organizational skills.
Must be a team player.
Experience with supervising 10
or more people.
Excellent benefits and
remuneration package.

Interested persons should submit r6sum6
to:


The Financial Controller
P.O. Box CB 13049
Nassau, Bahamas


NOTICE
NOTICE is hereby given that NESLY OLTIME, AMOS
FERGUSON STREET, P.O. BOX GT-2368, 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 21ST day. of APRIL,
2006 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.


ADMINISTRATIVE
ASSISTANT

Required to manage daily operations of growing
company. Candidate must be punctual, organized
and able to work with minimal supervision. Must
have in depth knowledge of Quickbooks and
Microsoft Office (Word, Excel, etc). Excellent
communication skills, and display professionalism
at all times.

Salary and benefits commensurate with
experience. Please fax your resume and cover
letter by April 21, 2006 to: 326-1386.


I












Investor guide book unveiled

Investor guide book unveiled


! By A FELICITY
. INGRAHAM
Tribune Business
Reporter
A NEW guide book for for-
eign and Bahamian investors
was released by the Minister
of Financial Services and
Investments, Vincent Peet, yes-
terday, during his address at
the Bahamas Business Devel-
opment Seminar.
- Mr Peet publicly launched
the booklet at the Radisson
resort, stressing to delegates
that the same incentives given
to foreign investors are avail-
able for Bahamians.
Mandate
The mandate of the Ministry
of Financial Services and
Investments, he said, has been
expanded to include domestic
investment and small business
development.
"This initiative, designed to
,-ereate a 'one-stop-shop' for
Bahamians, will serve as a
guide for Bahamian entrepre-
neurs,,as it seeks to provide
avenues for accessing prefer-
ential treatment in terms of
incentives, concessions and
benefits equivalent to those
being enjoyed by foreign
investors," said Mr Peet.
The new booklet outlines
incentive legislation and con-
cessions for investors, includ-
ing: The Hotels Encourage-
ment Act; The Industries
Encouragement Act; The
Export Manufacturing Indus-


tries Encouragement Act; The
Agricultural Manufacturers
Act; The Hawksbill Creek
Agreement Act; Casino Con-
cessions; The Family Islands
Economic Enterprise Zones
Act; The Tariff Act (1, 8 & 10);
The Bahamas Vacation Plan
and Timesharing Act; The
Bahamas Free Trade Zones
Act; Transfer Tax (Stamp Act
Amendment); The Spirit and
Beer Manufacture Act; and the
Real Property Tax Act.
"I want to assure both local
and foreign investors that,
through innovations such as
Duty-Free and Economic
Enterprise Zones, and with
transparent economic policies,
we will create a competitive
environment with opportuni-
ties for investment growth,"
said Mr Peet.
He said that focused atten-
tion will be placed on the
Bahamas Strategy and Brand-
ing Survey for financial ser-
vices, which was launched in
November 2005 as a means of
enhancing the country's image,
while at the same time paving
the way for the development
of a road map that will help
formulate the next five-year
strategic plan for the industry.
Board
The Domestic Investment
Board is expected to have leg-
islative backing within several
months, Mr Peet announced.
He said the planning team
meets every week, and the
Board, once enacted, will serve


as the vehicle connecting all
relevant ministries with the
investor.
Mr Peet also announced that
one Bahamian investor,
Khaalis Rolle, has already had
his proposal for a cruise ship
passenger excursion site at the
western end of Paradise Island
partially approved by the min-
istry.
Seminar
Speaking with Tribune Busi-
ness after day one of the semi-
nar, Mr Rolle said the focus of
his project was for young
Bahamians with visions and
principles similar to his to be a
part.
With the recently-
announced support of Mr Peet,
the Colonial Beach Develop-
ment Project should be
approved and in a reasonable
time, said Mr Rolle.
US Ambassador John Rood
also addressed the seminar,
sponsored by his embassy, the
Bahamas Chamber of Com-
merce, and the Bahamas
Development Bank.
Mr Rood was also an entre-
preneur, telling the delegates
that he began with a small
business from scratch; now one
of the most prominent real
estate companies in Florida.
He advised entrepreneurs
that leadership is one of the
most important factors in busi-
ness success.
"There is never a substitute
for strong and effective lead-
ership," he said.


T O a-d s ThT ribune

the #1 newspaper in circulationr I r


He reminded the delegates
that the Bahamas and the US
engage in $2 billion worth of
trade each year, and 85 per


cent of all imports to the
Bahamas are from the US.
Of that $2 billion, $1.4 bil-
lion comes through Florida,


ranking the Bahamas 19th on
the list of trade partners with
Florida, above Canada and
China.


NATIONAL COASTAL AWARENESS


Caring. for the Coast

/ Poster Competition








oru






Preserving our '

natural resources:

If not us, who?

If not now, when?


The entire Bahamas is considered a coastal zone. And
the health of our marine and coastal environment
directly impacts the social and economic well being of
every Bahamian. During Coastal Awareness Month we

recreation in The Bahamas.
Students are invited to design a poster to generate
coastal awareness. In addition usoa grand prizethere
will be first, second and third place awards in primary, .
junior and senior high school divisions. And selected
winning entries will be used to create Bahamas -
postage stamp issue. Students may choose to highlight "
the functioning of coasta ecos stems depict solutions And
to coastal e ronment threats, or illustrate ways to
sustain an environmentally healthy coastal zone.s
sustain an environmentally healthy coastal zone.


Deadline for entries is April 30.
Winners will be announced on May 5.


Is


Look around you.
What would you do to
help the environment
or improve your
surroundings?


Get your school, club, church group
or friends together and enter this
contest.

There will be first, second and third
place awards in primary, junior high
and senior high school categories.

This contest is science-based.
Students must identify and solve a
problem or challenge in the coastal
environment using scientific method.
Students are expected to exhibit the
following competencies:

* Identify a problem or issue
* Develop a solution
* Recommend actions to implement
and maintain the solution

Deadline for entries is Tuesday,
April 25. Awards presentation will
be held May 5.


www.thebahamasnationaltrust.org


For more information call
Beverley Taylor at 502-2901


POSITION AVAILABLE IMMEDIATELY


Shift Leader
At

Domino's Pizza


Qualifications:
High School Diploma
P* Past Managerial Experience
Available for day and night shifts, weekends
included.
Valid Driver's License
S* Strong leadership skills
-* Positive, attitude toward customer service

Duties:
Maintain product service and image standard
*- Assist in supervision of all phases of production
*. Maintain high levels of efficiency and producti-
vity in all areas of store operation

Send resume to Attention:
Human Resources Department
P.O. Box SS-6704, Nassau, Bahamas Fx:356.7855 or
Deliver to: Abaco Markets Ltd., Town Centre Mall or
Email: hr@abacomarkets.com


- .
--" h~~


'I


I -1


FRIDAY, APRIL 21, 2006, PAGE 5B


'THrE TRIBUNE


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THE TRIBUNE


PAGF RR FRIDAY APRIL 21. 2006


Small firms can grow





by meeting large needs


COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Common Law and Equity Division


2005
CLE/qui/1378


IN THE MATTER of the Quieting Title Act, 1959


* By A FELICITY INGRAHAM
Tribune Business Reporter
MAPPING the value chain of large com-
panies is the way to go for individuals seeking
to start up a small to medium-sized business,
the Bahamas Business Development Semi-
nar heard yesterday.
Asher Epstein, managing director of the
Dingman Center for Entrepreneurship at the
University of Maryland, advised that in fol-
lowing market trends, it would be wise for
entrepreneurs to provide items or services
that are in great need by larger, established
companies.
For example, a small company could pro-
vide a service used daily by a larger company,
but which may be too expensive or time con-
suming for that company to do itself.
Or an entrepreneur might want to begin
manufacturing cups for a well-established
company that serves drinks on a daily basis.
By thinking in this way, Mr Epstein said
entrepreneurs can begin to carve out specific
niches for their product that might guaran-
tee the success of the business.
"Don't try to focus on multiple markets," he


said. Instead, a businessman having success in
what he or she was doing should seek to
expand the business idea, creating a cycle with
the product that would lead consumers to
continue supporting the business.
He said the four key elements for success
are: Education and training; improved infra-
structure; a healthy economy; and technology.
An entrepreneur should be a risk-taker,
willing to create something from nothing, and
should "live life as an entrepreneur", Mr
Epstein said.
The key traits for a leader and an entre-
preneur are discipline, credibility and com-
fort with uncertainty.
Mr Epstein said someone just starting up a
business should ask themselves a series of
questions including: What problem are you
solving?; How big and addressable is the mar-
ket for the idea?; and what's your specific
solution and does it really solve the pain you
identified?
These questions, he said, should be asked
while formulating a firm business plan,
because when seeking assistance from a lender
or investor, "they want to know that you know
what you're doing".


Areas a budding entrepreneur should pay
attention to include: Market size; impact areas;
window of opportunity; growth rate; who's
the customer, revenue stream, customer value
and satisfaction, capital requirements, and
barriers to entry.
Whereas focusing on the global market is
very important for business success in this
day and age, Mr Epstein said there were some
services that will "stay local, such as health
care, child or aged care, and garbage collec-
tion".
No matter what kind of business an entre-
preneur takes on, he or she should give it all,-
but if it fails, Mr Epstein says "fail fast". "If the
idea isn't working, get out of it quickly rather
than investing more money into it," he said.
The entrepreneur should also ask him or
herself if they can offer "better, faster and
cheaper than the competition".
In encouraging the delegates seeking to
establish their business, Mr Epstein told them-
that 80 per cent of the INC 500 companies
started with less than $10,000. The confer-
ence continues at the Radisson today, before
Bahamas Chamber of Commerce Week opens
at the resort on Monday.


AND

ALL THOSE two (2) pieces parcel or tracts of land.totaling
28.96 acres situate in an area known as Pinders in the Settlement
of The Bight on the Island of Long Island one of the Islands
of the Commonwealth of The Bahamas.
AND

IN THE MATTER of the Petition of Archie Alphonso Moree

NOTICE

THE PETITION OF ARCHIE ALPHONSO MORE in respect
of:-

ALL THAT piece parcel or tract of land situate in an area
known as Pinders in the Island of Long Island aforesaid and
bounded NORTHEASTWARDLY by land now or formerly
the property of the Pinders Estate and delineated by a stone
wall and running thereon One Thousand Five Hundred and
.Fourteen (1514) feet SOUTHEASTWARDLY by land the
property of the Church of God and lineated by a stone wall
and running thereon One Hundred and Twenty-six (126) feet
SOUTHWESTWARDLY by the Main Public Road and
running thereon One Thousand Five Hundred and Thirty-nine
(1539) Feet and NORTHWESTWARDLY by land now or
formerly the property of the Estate of the late Emmanuel
Knowles and running thereon One Hundred and Fifty-eight
(158) feet.

ALL THAT piece parcel or Lot of land situate in an area
known as Pinders on the Island of Long Island aforesaid and
bounded NORTHEASTWARDLY by the Main Public Road
and running thereon One Thousand Six Hundred and Fifty-
eight (1658) feet SOUTHEASTWARDLY by land occupied
by the said Archie Alphonso Moree and delineated by a stone
wall and running thereon Seven Hundred and Six (706) feet
SOUTHEASTWARDLY by the sea at High Water Mark and
running thereon One Thousand Eight Hundred and Seventy-
nine (1879) feet NORTHWESTWARDLY by land the
property of the Estate of the late Emmanuel Knowles and
delineated by a stone wall and running thereon Four Hundred
and Eighty-three (483) feet NORTHEASTWARDLY by land
the property of the Estate of the said late Emmanuel Knowles
and running thereon Thirty-eight (38) feet NORTHWEST-
WARDLY by land the property of the estate of the said late
Emmanuel Knowles and delineated by a stone wall and running
thereon Two Hundred and Sixty-three (263) feet NORTH-
EASTWARDLY by land the property of the estate of the said
late Emmanuel Knowles and running thereon thirty (30) feet
NORTHWESTWARDLY by land the property of the estate
of the said late Emmanuel Knowles and delineated by a stone
wall and inning thereon Fifty-six (56) feet.

ARCHIE ALPHONSO MOREE claim to be' the owner in fee
simple in possession of the land hereinbefore described and has
made application to the Supreme Court of the Commonwealth of
The Bahamas under Section Three (3) of the Quieting'.Ttles Act,
1959 to have his title to the said land investigated and the nature
and extent determined and declared in a Certificate of Title to be
granted by the Court in accordance with the provisions of the said
Act.

Copies of the Petition and Plan of the said land may be inspected
during normal office hours in the following places:

1. The Registry of the Supreme Court, East Street in
the City of Nassau, Bahamas; and

2. The Chambers of Lockhart & Munroe, #35 Buen
Retiro Road, off Shirley Street, Nassau, Bahamas.

3. The office of the Commissioner/Administrator at
Long Island, Bahamas.

NOTICE is hereby given that any person having dower or right
to dower or an Adverse Claim or a claim not recognized in the
Petition shall on or before the expiration of Thirty (30) days after
the final publication of these presents, file in the Supreme Court
and serve on the Petitioners or the undersigned a Statement of his
claim in the prescribed form verified by an affidavit to be filed
therewith.

Failure of any such person to file and served a Statement of his
Claim on or before the Thirty (30) days after the final publication
of these presents shall operate as bar to such claims.

LOCKHART & MUNROE
Chambers
#35 Buen Retiro Road
Off Shirley Street
Nassau, Bahamas

Attorneys for the Petitioners


FROM page 1B


According to Mr Foster,
without funds like these, small
businesses will not grow or
grow well, harming the
Bahamian economy.
Successful applicants will
have to come up with at least
25 per cent of the value of the
loan, either in cash or equities.
Mr Foster said a response
on any application was guar-
anteed within 10 working days,
once all the bank's require-
ments were met.
The advantages of the loan,
he told delegates, were that
principal payments will not
have to be made for the first
two years, and there are reduc-
tions on the standard fees
accompanying the loan, which
is to span a seven-year period.
This fund is not geared
towards venture capital, Mr
Foster said. but rather tow ards


businesses for which the funds
would not ordinarily be made
available.
Applicants are expected to
present a proper business plan
outlining cash flow projections.
Ernst & Young (Bahamas)
managing partner, Phillip
Stubbs, also addressed the
seminar, giving delegates tips
on how to design an effective
business plan.
He handed out guidelines
for the plan, explaining that it
could be anything from a hand-
written manuscript to a glossy
document.
What is important, said Mr
Stubbs, is that the plan, once
used, is referred to every
month by the entrepreneur.
He said it was more impor-
tant for small business entre-
preneurs to have this plan than
large operations.


LEGAL NOTICE

International Business Companies Act
(No. 45 of 2000)

KEYWAY INTERNATIONAL LIMITED



Notice is hereby given that in accordance with Section 137
(4) of the International Business Companies Act No. 45 of
2000, KEYWAY INTERNATIONAL LIMITED, has
been dissolved and struck off the Register according to the
Certificate of Dissolution issued by the Registrar General
on the 10th day of April, 2006.



HUANG, WEN-CHIN at Room 804,
Sino Centre, 582-592 Nathan Rd.,
Liquidator





NOTICE
NOTICE is hereby given that MICHELET VIL OF WEST
STREET, 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 21ST day of APRIL, 2006 to the Minister responsible
for Nationality and Citizenship, P.O.Box N- 7147, Nassau,
Bahamas.



NOTICE
NOTICE is hereby given that WESLEY PHILAMAR OF
MEADOW STREET, 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 21ST day of APRIL, 2006 to the Minister responsible
for Nationality and Citizenship, P.O.Box N- 7147, Nassau,
Bahamas.


PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, SHAQUILLE ONEIL
KNOWLES, PO. BOX N-10827, Nassau, Bahamas intend
to change my name to SHAQUILLE ONEIL MUNCUR. If
there are any objections to this change of name by Deed
Poll, you may write such objections to the Chief Passport
Officer, P.O.Box N-742, Nassau, Bahamas no later than
thirty (30) days after the date of publication of this notice.


The Bahamas Development
Bank's (BDB) chairman,
Neville Adderley, talked about
developing a winning business,
telling delegates that it was
important to learn and avoid
the mistakes of others.
He said that to date, 60 to
70 per cent of aJl new busi-


nesses fail within the first three
years. Poor management, lack
of proper capital, and inade-
quate marketing are the three
main faults. The BDB, Mr
Adderley said, is there not only
to help persons acquire loans
for their business, but to guide
them through the process.


Legal Notice


NOTICE


FOMBY INVESTMENTS LTD.
In Voluntary Liquidation

NOTICE is hereby given that in accordance with
Section 137 (4) of the International Business
Companies Act. No. 45 of 2000, FOMBY
INVESTMENTS LTD., is in dissolution as of April
18th, 2006.

International Liquidator Services Limited situated
at 35A Regent Street, P.O. Box 1777, Belize City,
Belize is the Liquidator.


LIQUIDATOR




NOTICE
NOTICE is hereby given that CECILIA FORBES OF BARTLETT HILL,
EIGHT MILE ROCK, GRAND BAHAMA, 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 21ST day of APRIL, 2006 to
the Minister responsible for Nationality and Citizenship, P.O.Box F-
41085, Grand Bahama, Bahamas.



NOTICE
NOTICE is hereby given that HERMANCIA NACIUS OF
MONTROSE AVENUE, 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 21ST day of APRIL, 2006 to the Minister responsible
for Nationality and Citizenship, P.O.Box N- 7147, Nassau,
Bahamas.


PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, VANDETTE BROWN, of
Bar Twenty Corner, Nassau, New Providence, Bahamas, Mother
and Legal Guardian of the infant JENNIFER NAKIA BOWE
intend to change her name to JENNIFER NAKIA LOPEZ. If
there are any objections to this change of name by Deed Poll,
you may write such objections to the Chief Passport Officer,
PO.Box N-742, Nassau, Bahamas no later than thirty (30) days
after the date of publication of this notice.


PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, CHARLENE GAY
RUSSELL, P.O. BOX N-10827, Nassau, Bahamas intend
to change my name to FRANCES SHIRLEY HUYLER. If
there are any objections to this change of name by Deed
Poll, you may write such objections to the Chief Passport
Officer, P.O.Box N-742, Nassau, Bahamas no later than
thirty (30) days after the date of publication of this notice.


* Full time Nurse for busy clinic
* Experience in Midwifery an asset
* Qualified candidates must exhibit cheerful & professional
demeanor.
* Must be willing to learn new procedures and keepup
to date with technological advances in that field.
Fax resume along with-cover letter to 242-374-2067
or Email: ASaunders@broadband.bs


I -%.A- VLJ II I .F-% I r -%l I I I 3 w-


BUSINESS







APRIL 21, 2006


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

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I I . I - -


F-FRIDAY EVEMNG








PAGE8B .,4,


THE TRIBIUNF RUfRINFSS


Fidelity Bank (Bahamas) Limited
(Incorporated under the laws of the Commonwealth of The Bahamas)


Consolidated Balance Sheet as of 31 December 2005
(Amounts expressed In Bahamian dollars)


ASSETS

Cash and balances with central bank 3
Investment securities:
-government securities 4
-financial assets at fair value through profit or loss 4
Mortgages, consumer and other loans 5
Property, plant and equipment 6
Other assets 7


TOTAL ASSETS


LIABILITIES


Customer deposits
Mortgage-backed bonds
Long-term loan
Other liabilities and accrued expenses

TOTAL LIABILITIES


EQUITY

Capital and reserve attributable to the Bank's
equity holders
Share capital ordinary shares
Share capital preference shares
Revaluation surplus
Retained earnings


Minority interest



TOTAL LIABILITIES AND
EQUITY
Approved on behalf of the Board of Directors:



Director


27 March 2006


10,098,542

19,299,800
2,828,639
101,766,790
7,051,337
1,092,719

142,137,827


109,774,426

500,000
3,990,087

114,264,513


12 5,000,001
13 10,000,000
1,695,320
10,289,639
26,984,960


888,354

27,873,314


142,137,827


15,689,298

17,613,500

92,715,550
7,079,377
1,385,264

134,482,989


105,041,180
755,543
100,000
2,411.115


5,000,001
10,000,000
1,735,925
7,996,358
24,732,284

842,867
---------A-
25,575,151


134,482,989


Director


NOTES
1. Incorporation and activity

Fidelity Bank (Bahamas) Limited, (the Bank), is incorporated under the laws of the Commonwealth of The
Bahamas. The Bank offers a full range of retail banking services, including internet and telephone banking,
the acceptance of deposits, granting of loans and the provision of foreign exchange services through each of
its four branches in Nassau, New Providence, its branch in Freeport, Grand Bahama and its branch on
Paradise Island.

Fidelity Bank & Trust International Limited, (the Parent Company), a Bahamian resident company, owns 68%
of the issued shares of the Bank, with the balance of 32% being held by the Bahamian public.

The registered office of the Bank is situated at #51 Frederick Street, Nassau, The Bahamas. As of 31
December 2005, 94 (2004: 94) persons were employed by the Bank.

The Bank is listed on The Bahamas International Stock Exchange (BISX).
2. Summary of significant accounting policies

The principal accounting policies adopted in the preparation of this consolidated balance sheet is set out
below. These policies have been consistently applied to all the years presented, unless otherwise stated.

(a) Basis of preparation

This consolidated balance sheet has been prepared in accordance with International Financial
Reporting Standards (IFRS). Thp consolidated balance shetifhas been prepared under the historical
cost convention, as modified by the revaluation of financial assets and financial liabilities held at
fair value through profit or loss.

The preparation of the consolidated balance sheet in conformity with IFRS requires the use of
certain critical accounting estimates. It also requires management to exercise its judgement in the
process of applying the Bank's accounting policies. The areas involving a higher degree of
judgement or complexity, or areas where assumptions and estimates are significant to the
consolidated balance sheet, is disclosed in Note 15.

(b) Consolidation

Subsidiaries are all entities over which the Bank has the power to govern the financial and
operating policies generally accompanying a shareholding of more than one half of the voting
-rights. The existence and effect of potential voting rights that are currently exercisable or
convertible are considered when assessing whether the Bank controls another entity. Subsidiaries
are fully consolidated from the date on which control is transferred to the Bank. They are de-
consolidated from the date that control ceases.

Inter-company transactions, balances and unrealised gains on transactions between group
companies are eliminated. Unrealized losses are also eliminated unless the transaction provides
evidence of impairment of the asset transferred. Accounting polices of subsidiaries have been
changed where necessary to ensure consistency with the policies adopted by the Bank.

The consolidated balance sheet include the accounts of the Bank and its subsidiary, West Bay
Development Company Limited, (West Bay), after elimination of all significant inter-company
transactions. West Bay is a Bahamian property holding company in which the Bank has a 66 2/3%
equity interest.

(c) Segment reporting

A business segment is a group of assets and operations engaged in providing products or services
that are subject to risks and returns that are different from those of other business segments. A
geographical segment is engaged in providing products or services within a particular economic
environment that are subject to risks and returns that are different from those of segments operating
in other economic environments.

(d) Foreign currency translation

i) Functional and presentation currency

Items included in the consolidated balance sheet of the Bank are measured using the currency of
the primary economic environment in which the entity operates ("the functional currency"). The
consolidated balance sheet is presented in Bahamian dollars, which is the Bank's functional and
presentation currency.

ii) Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates
prevailing at the date of the transactions. Foreign exchange gains and losses resulting from the
settlement of such transactions and from the translation of monetary assets and liabilities
denominated in foreign currencies are recognized in the consolidated statement of operations.
Translation differences on monetary financial assets measured at fair value are included in foreign
exchange gains and losses.

(e) Financial assets

The Bank classifies its financial assets in the following categories: financial assets at fair value
through profit or loss and loans and receivables. Management determines the classification of its
investment at initial recognition.

i) Financial assets at fair value through profit or loss

This category has two sub-categories: financial assets held for trading, and those designated at fair
value through profit or loss at inception. A financial asset is classified in this category if acquired
principally for the purpose of selling in the short term or if so designated by management.
ii) Government Securities

Government securities have been designated as financial assets at fair value through profit and
loss. Government securities are carried at amortized cost which approximates fair value.

iii) Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that
are not quoted in an active market. They arise when the Bank provides money, goods or services
directly to a debtor with no intention of trading the receivable.

Purchases and sales of financial assets at fair value through profit and loss are recognized on trade-
date- the date on which the Bank commits to purchase or sell the asset. Loans are recognized when
cash is advanced to the borrowers. Financial assets are derecognized when the rights to receive
cash flows from the financial assets have expired or where the Group has transferred substantially
all risks and rewards of ownership.


(f) Mortgages, consumer and other loans

Loans and receivables are non-derivative financial assets with fixed or determinable payments that
are not quoted in an active market. They arise when the Group provides money, goods or services
directly to a debtor with no intention of trading the receivable.

Loans are stated at outstanding principal plus accrued interest less provision for losses. The
mortgage loans are secured principally by first mortgages on single-family residences and provide
for repayments at variable interest rates over periods of up to twenty-five years. Other loans are
secured principally by chattel mortgages and provide for monthly repayments over periods of up to
ten years.

As soon as the recovery of a loan or advance is identified as doubtful, a provision for loan losses is
established to reduce the carrying value of the loan to its estimated realizable amount The
provision for loan losses also covers losses where there is objective evidence that probable losses
are present in the lending portfolio at the consolidated balance sheet date, but which have not been
specifically identified as such.

(g) Non-performing assets

Non-performing assets include all loans on which the status of overdue payments of principal and
interest are such that management considers it prudent to classify them to non-performing status.
All mortgage loans and consumer loans on which principal and interest payments are overdue by in
excess of ninety days are considered by management to be non-performing.

When a loan is classified as non-performing, all interest previously accrued in the current year, but
not collected, is reversed against current year interest income and any interest accrued in prior
years is charged against the provision for loan losses. Notwithstanding these parameters, where a
customer has re-established a pattern of prompt payment, management may agree to reschedule
arrears of loan interest and principal. Thereafter, interest income will be recognized on an accrual
basis.

(h) Interest income and expense recognition

Interest income and expense are recognized in the income statement for all instruments measured at
amortised cost using the effective interest method.

The effective interest method is a method of calculating the amortised cost of a financial asset or a
financial liability and of allocating the interest income or interest expense over the relevant period.

The effective interest rate is the rate that exactly discounts estimated future cash payments or
receipts through the expected life of the financial instrument or, when appropriate, a shorter period
to the net carrying amount of the financial asset or financial liability. When calculating the
effective interest rate, the Bank estimates cash flows considering all contractual terms of the
financial, instrument (for example, prepayments options) but does not consider future credit
losses. The calculation includes all fees and points paid or received between parties to the contract
that are an integral part of the effective interest rate, transaction costs and all other premiums or
discounts.

Interest income and expense are recognized on an accrual basis. The recognition of interest
income on loans is suspended when loans are in non-accrual status. Such income is excluded from
interest income until received.

(I) Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet when
there is a legally enforceable right to offset the recognized amounts and there is an intention to
settle on a net basis, or realise the asset and settle the liability simultaneously.

(j) Impairment of financial assets

Assets carried at amortized cost

The Bank assesses at each balance sheet date whether there is objective evidence that a financial
asset or group of financial assets is impaired. A financial asset or a group of financial assets is
impaired and impairment losses are incurred if, and only if, there is objective evidence of
impairment as a result of one or more events that occurred after the initial recognition of the asset
(a 'loss event') and that loss event (or events) has an impact on the estimated future cash flows of
the financial asset or group of financial assets that can be reliably estimated.

If there is objective evidence that an impairment loss on loans and receivables or held-to-maturity
investments carried at amortized cost has been incurred, the amount of the loss is measured as the
difference between the asset's carrying amount and the present value of estimated future cash flows
(excluding future credit losses that have not been incurred) discounted at the financial asset's
original effective interest rate. The carrying arhount of the asset is reduced through the use of an
allowance account and the amount of the loss is recognized in the income statement. If a loan or
held-to-maturity investment has a variable interest rate, the discount rate for measuring any
impairment loss is the current effective interest rate determined under the contract. As a practical
expedient, the Bank may measure impairment on the basis of an instrument's fair value using an
observable market price.

(k) Property, plant and equipment

Property, plant and equipment, other than freehold premises, are carried at historical cost less
accumulated depreciation and amortization. Historical cost includes expenditure that is directly
attributable to the acquisition of the items. Freehold premises are carried at market value based
upon periodic independent appraisals, which are commissioned at intervals not exceeding three
years. Revaluation increments are shown as "Revaluation surplus" within equity.

Land and buildings comprise mainly of branches and offices.

Subsequent costs are included in the asset's carrying amount or are recognized as a separate asset,
as appropriate, only when it is probable that future economic benefits associated with the item will
flow to the Bank and the cost of the item can be measured reliably. All other repairs and
maintenance costs are charged to the income statement during the financial period in which they
are incurred.

Depreciation is calculated using the straight-line method to allocate their cost to their residual
values over their estimated useful lives as, follows:


Freehold premises
Computer hardware & software
Leasehold improvements
Furniture and fixtures
Computer and office equipment
Motor vehicles


Estimated useful life
30-50 years
3-7 years
3-10 years
3-10 years
3-10 years
3-5 years


The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each
balance sheet date.

Assets that are subject to amortization are reviewed for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. An asset's carrying
amount is written down immediately to its recoverable amount if the asset's carrying amount is
greater than its estimated recoverable amount. The recoverable amount is the higher of the asset's
fair value less costs to sell and value in use.

(I) Leases

i) The Bank is the lessee

The leases entered into by the Bank are primarily operating leases. The total payments made under
operating leases are charged to the income statement on a straight-line basis over the period of the
lease.

When an operating lease is terminated before the lease period has expired, any payment required to
be made to the lessor by way of penalty is recognized as an expense in the period in which
termination takes place.

ii) The Bank is the lessor

Lease income is recognized over the term of the lease using the net investment method (before
tax), which reflects a constant periodic rate of return.

(m) Mortgage-backed bonds

Costs related to the issue of mortgage-backed bonds are amortised on a straight-line basis over the
lives of the respective bond series. Assets pledged as collateral for these bonds are included in
loans.

(n) Fee and commission income

Fee and commission income is recognized at the time the customer's account is charged.

(o) Long-term loan

Long-term loans are recognized initially at fair value, being their issue proceeds (fair value of
consideration received) net of transaction costs incurred. Long-term loans are subsequently stated
at amortised cost; any difference between proceeds net of transaction costs and the redemption
value is recognized in the income statement over the period of the borrowings using the effective
interest method.

Preference shares, which carry a mandatory coupon, or are redeemable on a specific date or at the
option of the shareholder, are classified as financial liabilities and are presented in other borrowed
funds. The dividends on these preference shares are recognized in the income statement as interest
expense on an amortized cost basis using the effective interest method.

(p) Ordinary share capital

i) Share Issue costs

Incremental costs directly attributable to the issue of new shares or options or to the acquisition of
a business are shown in equity as a deduction, net of lax, from the proceeds.


I IIt- 0 5MOW W- WWov o-%


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THE TRIBUNE BUSINESS


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1) Dividends on ordinary shares

Dividends on ordinary shares are recognized in equity in the period in which they are approved by
the Bank's Directors.

Dividends for the year that are declared after the balance sheet date are dealt with in the
subsequent events note.

il) Treasury shares

Where the Bank or other members of the consolidated Group purchases the Bank's equity share
capital, the consideration paid is deducted from total equity as treasury shares until they are
cancelled. Where such shares are subsequently sold or reissued, any consideration received is
included in equity.



(q) Preference share capital

Preference shares on which dividends are payable at the discretion of the Directors, have no
specific date for redemption and on which the shareholder has no option for redemption, are
classified as share capital and are presented in share capital.

i) Share issue costs

Incremental costs directly attributable to the issue of new shares or options or to the acquisition of
a business are shown in equity as a deduction, net of tax, from the proceeds.


11) Dividends on preference shares

Dividends on preference shares are recognized in equity in the period in which they are approved
by the Bank's Directors.

Dividends for the year that are declared after the balance sheet date are dealt with in the
subsequent events note.

(r) Cash and cash equivalents

For the purpose of the consolidated statement of cash flows, cash and cash equivalents comprise
balances with less than three months' maturity from the date of acquisition, including cash and
non-restricted balances with The Central Bank, loans and advances to banks, amounts due from
other banks and short-term government securities.

(s) Provisions

Provisions for restructuring costs and legal claims are recognized when the Bank has a present
legal or constructive obligation as a result of past events, it is more likely than not that an outflow
of resources will be required to settle the obligation and the amount has been reliably estimated.


(t) Employee benefits

Pension obligations

Up to 15 October 2005, the Bank had a defined benefit plan which was funded through payments
to trustee administered funds determined by periodic actuarial calculations. A defined benefit plan
is a pension plan that defines an amount of pension benefit that an employee will receive on
retirement, usually dependent on one or more factors such as age, years of service and
compensation.

Effective 15 October 2005, the Bank terminated the defined benefit plan and adopted a defined
contribution plan. A defined contribution plan is a pension plan under which the Bank pays fixed
contributions into a separate entity. The Bank has no legal or constructive obligations to pay
further contributions if the fund does not hold sufficient assets to pay all employees the benefits
relating to employee service in the current and prior periods.

The liability recognized in the balance sheet in respect of defined benefit pension plans is the
present value of the defined benefit obligation at the balance sheet date less the fair value of plan
assets, together with adjustments for unrecognised actuarial gains or losses and past service costs.
The defined benefit obligation is calculated annually by independent actuaries using the projected
unit credit method. The present value of the defined benefit obligation is determined by
discounting the estimated future cash outflows using interest rates of high-quality corporate bonds
thaf are denominated in the currency in which the benefits will be paid, and that have terms to
maturity approximating to the terms of the related, pension liability.

Actuarial gains and losses arising from experience adjustments and changes in actuarial
assumptions are charged or credited to income over the employees' expected average remaining
working lives. Past-service costs are recognized immediately in income, unless the changes to the
pension plan are conditional on the employees remaining in service for a specified period of time
(the vesting period). In this case, the past-service costs are amortised ona straight-line basis over
the vesting period.

For defined contribution plans, the Bank pays contributions to publicly or privately administered
pension plans on a mandatory, contractual or voluntary basis. The Bank has no further payment
obligations once the contributions have been paid. The contributions are recognized as employee
benefit expense when they are due. Prepaid contributions are recognized as an asset to the extent
that a cash refund or a reduction in the future payments is available.



(u) Comparatives

Where necessary, comparative figures have been adjusted to conform with changes in presentation
in the current year. The principal change relates to the preference shares issued in 2004 in the
amount of $10,000,000 which have been reclassified from liabilities to share capital in accordance
with the International Accounting Standard 32. Dividends.relating to these shares have also been
reclassified from statement of operations to statement of changes in equity.



3. Cash and balances with central banks

Cash and balances with central banks comprise the following:


Cash on hand and at banks
Mandatory reserve deposits with The Central Bank


$
5,801,732
4,296,810


2004
$
11,584,148
4,105,150


10,098,542 15,689,298

Mandatory reserve deposits are not available for use in the Bank's day to day operations. Cash on hand and
balances with central banks and mandatory reserve deposits are non-interest-bearing. Other money-market
placements are floating-rate assets.


4. Investment securities

Government securities


Interest
Rate


Prime +.125%
Prime+.156%
Prime+ .938%
Prime + 1.25%
Prime + .688%
Prime + .675%
Prime+ .281%
Prime+ .500%
Prime+.593%
Prime+ .469%
Prime+ .500%
Prime+ .468%
Prime+ .469%
Prime+ .500%
Prime+ .531%
Prime+ .531%
Prime+ .500%
Prime + .500%
Prime +.563%
Prime+ .344%
Prime+.375%
Prime+.375%
Prime+ .375%
Prime + .250%
Prime+ .313%
Prime+ .313%
Prime +.281%
Prime+.281%


11 May 2005
11 May 2006
27 August 2006
25 April 2010
24 August 2011
24 August 2012
25 October 2013
8 April 2014
15 July 2016
21 July 2019
30 July 2019
25 October 2019
23Novemb!er2019
12 December 2019
26 April 2020
30 July 2020
21 September 2020
25 October 2020
30 July 2021
9 February 2023
8 April 2023
21 July 2023
9 February 2024
28 June 2024
29 July 2024
22 October 2024
28 June 2025
7 September 2025


Nominal
Value

772,700
758,800
1,000,000
397,000
4,878,900
2,221,100
100,000
200,000
200,000
138,700
100,000
100,000
500,000
469,700
334,500
100,000
397,400
100,000
1,500,000
1,456,800
884,700
858,800
505,700
477,400
387,500
151,200
972,500
109,100


Amortised
Cost
2005
$

758,800
1,000,000
397,000
4,878,900
2,221,100
100,000
200,000
200,000
138,700
100,000
100,000
500,000
469,700
334,500
100,000
397,400
100,000
1,500,000
1,456,800
884,700
858,800
505,700
477,400
387,500
151,200
972,500
109,100
19,299,800


Amortised
Cost
2004
$
772,700
758,800
1,000,000
397,000
4,878,900
2,221,100



138,700


500,000
469,700
334,500

397,400

1,500,000
1,456,800
884,700
858,800
505,700

387,500
151,200


17,613,500


As of 31 December 2005, prime was 5.50%.




Financial assets at fair value through profit or loss


Fixed income securities
Listed securities


2005
Market
$
1,000,000
1,828,639

2,828,639


2004
Market
$


5. Mortgages, consumer and other loans

The maturities of mortgages, consumer, and other loans are as follows:


Mortgages

Consumer &
other
customer
loans

Total


Within 1


1 to 5


5 to 10 Over 10


year years years years Total
$ $ $ $ S
3,378,042 6,247,929 19,234,582 57,731,986 86,592,539




4,568,243 8,211,654 3,054,438 1,008,311 16,842,646


7,946,285 14,459,583


22,289,020 58,740,297 103,435,185


Accrued
Interest


420,254


Provision for
credit losses

Balance at end
of year


(2,088,649)


101,766,790


The movements in the provision for credit losses during the year are as follows:


2005


Balance at beginning of year
Provided during the year
Write-offs
Recoveries
Balance at end of year


1,778,412
147,856


162,381
2,088,649


2004
$
81,052,237




13,028,562

94,080,799


413,163


(1,778,412)


92,715,550



2004
S
1,977,705
242,489
(533,837)
92,055
1,778,412


Included in provision for credit losses is a specific loan loss reserve of $925,547 (2004: $663,078). The
provision for credit losses represents 2.02% (2004: 1.89%) of the total loan portfolio and 56.77% (2004:
40.85%) of total non-accrual loans.

As of 31 December 2005, loans to customers with principal balances outstanding of $3,679,425 (2004:
$4,353,502) were in non-accrual status.

As of the consolidated balance sheet date, none (2004: $1,578,893) of the above mortgage loans to customers
were pledged as collateral in connection with the Bank's mortgage-backed bonds program (Note 9).

Average interest rates on mortgage loans range from 7.5% to 9% and on consumer loans range from 11% to
16%.
6. Property, plant and equipment


Computer
Land & Furniture Motor hardware


Cost or valuation:

As of I January 2005
Additions
Disposals

As of31 December 2005


Accumulated depreciation &
amortisation:

As of I January 2005
Charge for the year
Disposals

As of 31 December 2005


Net Book Value:

As of 31 December 2005

As of 31 December 2004


Leasehold


buildings & fixtures vehicles & software Improvements Total
s $ $ S S


6,420,480 1,437,515 41,645 4,192,251 2,359,222 14,451,113
173,035 17,000 202,097 69,097 461,229


64270 480 1610.450 45.644 4,394U.48 741 4319 14.912342





227,173 1,206,084 29,283 3,898,921 2,010,275 7,371,736
192,862 191,281 6,199 .38,826 60,101 489,269


420.035 1.397.365 35.482 3.937.747 2.070.376 7.861.005




6.f(1a1.44;5 21.185 2 1 63 44160(11 37.943 705|1]337

6.193i307 721.411 12362 293130 14Rl.947 70'79.77


Land and buildings include revaluation increments totalling $2,468,522 (2004: $2,509,127).
7. Other assets

Note 2605' '-


Accrued interest receivable ongovernment .. ,, ; .
securities
Pension plan asset 17
Prepayments & other receivables
Other

Total 1,
8. Customer deposits

The maturities of customer deposits at 31 December 2005 are as follows:
Within 1 1 to 5
year -Years
$ $
Demand deposits 9,571,060 '- 9
Savings deposits 28,102,506 28
Term deposits 30,534,500 40,704,610 71
Accrued interest 861.750-


Total


359,162
495,816
218,132
19,609


2004
$

372,519
313,388
395,589
303,768


,092,719 1,385,264


2005
$
'571,060
.,102,506
,239,110
861.750


2004

10,287,237
26,572,657
67,227,169
954.117


69,069,816 40,704,610 109,774,426 105,041,180


All customer deposits carryfixed interest rates.

Average interest rates on customer deposits, savings accounts and fixed deposits range from 2.5% to 4.75%.
9. Mortgage-backed bonds

Mortgage-backed bonds are summarised as follows:


Maturity Date


Series G-3-A, Authorised
-$4,000,000 Prime .25%
Series G-3-C, Authorised
-$4,000,000 Prime

Accrued interest

Total


Amount issued and outstanding
2005 2004
$ $


155,040

600,000


503

- 755,543


On 1 December 1998, the Bank transferred approximately 250 of its first legal mortgages having an aggregate
unpaid principal balance of approximately $20.8 million to a trust in exchange for mortgage-backed bonds
representing an un-divided interest in the trust. These bonds, which were redeemable at the option of the
Bank, were issued to the public at par and had maturity dates that extended to 1 December 2005. The Bank
was required to maintain the value of the trust at a value equal to or greater than the outstanding principal
amount of the bonds. The proceeds from the issuance of the bonds were used by the Bank to make new loans
to its customers and for liquidity purposes. The Series G bonds, the last series of these bonds, matured on 1
December 2005 and were paid off in full. These bonds were secured by certain mortgage loans which had an
aggregate unpaid principal amount of $1,578,893 in 2004. An independent trustee administered the mortgage-
backed bond portfolio.


10. Long-term loan



Current portion
Bank loan

Total


$ $
200,000 200,000
300,000 500,000


500,000


700,000


A bank loan in the amount of US $2,000,000 was advanced to West Bay in April 1998 to facilitate the
purchase of a Nassau-based property. The loan is secured by a first mortgage over the property owned by
West Bay, bears interest at three month LIBOR + 1 V2% and is repayable over a ten-year period in forty equal
quarterly payments of $50,000, plus any interest accrued at the date of each payment.

11. Other liabilities and accrued expenses


Accrued liabilities
Insurance premiums held in escrow
Accrued pension funds
Preference dividends payable
Other

Total
12. Share capital ordinary snais c

Authorised
35,000,000 ordinary shares of $0.30 each
Issued and fully paid
16,666,670 ordinary shares of $0.30 each


342,126
444,926
1,636,845
187,500
1,378,690

3,990,087

2005
$


2004
S
372,796
487.R25

145,492
1,405,002

2,411,115
2004
S


'P%%AW-


-- e~11911~ ' II


I,%


________ _________


S








THE TRIBUNE BUSINESS


PAGE 1OB


13. Share capital preference shares

Authorized
10,000,000 preference shares of$1.00.each


Issued and fully paid
10,000,000 preference shares of 1.00 each 10.000.000 10.000.000

On 12 October 2004, the Bank issued 10,000,000 cumulative redeemable non-voting preference shares with a
par value of $1.00 per share, which are redeemable at the option of the Bank subject to the approval of The
Central Bank of The Bahamas.

The preference shares carry a dividend rate of Bahamian Prime + 0.75%, subject to a minimum rate of 7.50%,
payable quarterly in arrears. Dividends are declared by the Board of Directors in their sole discretion. The
preference shares rank ahead of the ordinary shares in the event of liquidation.
14. Minority interest

The minority interest represents the Bank's Parent Company's 33 1/3% interest in West Bay and is calculated
as follows:


For Minority share of


As of 1 January 2004

Minority share of net income

Revaluation surplus amortization

As of 31 December 2004


As of 1 January 2005

Minority share of net income

Revaluation surplus amortization


As of 31 December 2005


Share
Capital
S


Revaluation
Surplus
$


1 772,602


Retained
Earnings
$

25,760


44,504


- (18,037)

- 1 754,565


1 754,565




S.(13,535)


Total
$

798,363

44,504


18,037

88,301 842,867


88,301

45,487


842,867

45,487


13,535


1 741,030 147,323 888,354


15. Critical accounting.estimates and judgements in applying accounting policies

The Bank makes estimates and assumptions that affect the reported amounts of assets and liabilities within the
next financial year. Estimates and judgements are continually evaluated and are based on historical experience
and other factors, including expectations of future events that are believed to be reasonable under the
circumstances. .

Impairment losses on loans and.advances

The Bank reviews its loan portfolios to assess impairment at least on a quarterly basis. In determining whether
an impairment loss should be recorded in the income statement, the Bank makes judgements as to whether
there is any observable data indicating that there is a measurable decrease in the estimated future cash flows
from a portfolio of loans before the decrease an. be identified with an individual loan in that portfolio. This
evidence may include observable data indicating that there has been an adverse change in the payment status
of borrowers in a group, or national or local economic conditions that correlate with defaults on assets in the
group. Management uses estimates based on historical loss experience for assets with credit risk
characteristics and objective evidence of impairment similar to those in the portfolio when scheduling its
future cash flows. The methodology and assumptions used for estimating both the amount and timing of future
cash flows are reviewed regularly to reduce any.differences between loss estimates and actual loss experience.
16. Business segments

The Bank has only one business segment being retail banking, incorporating private banking services private
customer current accounts, savings deposits, investment savings products, custody, credit and ATM cards,
consumer loans and mortgages.
17. Pension plan

Effective 15 October 2005, the Bank terminated the British American Bank Employees' Pension Plan ("BAB
Plan"), a defined benefit pension plan in which the Bank and it employees previously participated and adopted
the Fidelity Merchant Bank & Trust Limited Employees Pension Plan, a defined contribution pension plan
("the Plan") on behalf of its employees. This change provides a common plan for all employees of the Parent
Company's Bahamas based operations. Under the Plan, all employees contribute 5% of gross salary and the
Bank matches employee contributions up to 5% of the gross salary.

On termination of the BAB Plan, the amount payable to each participant in the BAB Plan as of 15 October 2005
was the greater of the actuarial equivalent of the participant's accrued benefit and the participant's contributions
accumulated with interest. All BAB Plan participants were given the option of receiving the full amount payable
to them in cash or having such amount transferred to the Plan. As at 15 October 2005, the Bank's actuary
determined that the net BAB Plan assets, amounting to $2,942,883 at 15 October 2005 exceeded the BAB Plan
liabilities of'$1,619,759 by $1,323,124. This net amount of $1,323,124 has been credited to income and is
included in non interest income ini the statement of operations. As at 31 December 2005, an amount of $495,816
remained receivable from the BAB Plan.'
18. Related party balances and transactions

Related parties include.those entities and directors which have the ability to control or exercise significant
influence over the Bank in making financial or operational decisions, and entities that are controlled, jointly
controlled or significantly influenced by them. Related party transactions include those transactions and
balances not disclosed elsewhere in these financial statements.

Included in other assets are the following related party balances:


Other assets

Included in deposits are the following balances;


2004
$,




2004
$


Due to other related parties:

Deposits ,

Included in income are interest and other amounts earned from the following:


$
2 123


Parent Company


2004
$
313~,417


Included in expenses are amounts incurred to the following:


Other related parties


508 884


Loans and deposit accounts with directors and officers amounted to $320,290, (2004:
$26,578, (2004: $214,609), respectively.

Key management compensation for the year was $320,000 (2004: $362,080).


2004
$



321,813

$504,918), and


Director's compensation for the year was $66,500 (2004: $10,000).


19. Contingent liabilities and commitments

1) Loan commitments: In the normal course of business various credit-related arrangements are entered into
to meet the needs of customers and earn inco~e. These financial instruments are subject to the Bank's
standard credit policies and procedures,

As of the consolidated balance sheet date, these credit-related arrangements were as follows:


Loan commitments


4,979.259


The Bank has pledged $3,000,000 (2004: $3,000,000) of Bahamas Government registered stock to secure the
overdraft facility with another Bahamian commercial bank. The facility bears interest at 0.5% above Prime up
to $1 million and 1.25% above Prime for amounts in excess of $1 million with a stand by fee of 0.25% on any
unused portion of the facility.


ii) Operating lease commitments: The future minimum rental payments required under operating leases that
have initial or remaining non-cancellable lease terms in excess of one year as of 31 December 2005 are as
follows:


420,588
271,379
252,000
252.000


Total minimum payments


iii) Contingent Liabilities:
Love Estates- In 1988, the Bank loaned the developer of Love Estates certain sums of money and also joined
in as surety for various performance bonds aggregating $3,328,043 in favor of the Ministry of Public Works.
The loans and'the bonds were secured by a first legal mortgage over the unsold lots in the subdivision. The
works under the bonds were to have been completed within 36 months. The developer defaulted under the
mortgage with the Bank. Through the years, the Bank has been in discussion with the Ministry of Public
Works and various prospective purchasers. In 2001, the Ministry obtained a judgement against the developer
and the Bank for the amount of the bonds.

The Bank is being sued for specific performance and damages in connection with a sale agreement dated 24
September 1997 in respect of the Love Estates property. As all conditions of the sale agreement have still not
been met, and in order to resolve this long outstanding matter, the Bank entered into a Deed of Settlement
("Deed") with Rolling Hills Development Corporation Limited ("Rolling Hills") in April 2005. Under the
Deed, Rolling Hills will assume liability for the installation of the infrastructure in Phase One and Phase Two
of the Love Estates Subdivision and enter into performance bonds, in a form agreed by the Ministry of Works,
to guarantee Rolling Hills installation of the infrastructure and enable the Bank to have the performance bonds
entered into between the Bank and the Ministry of Works, dated 30 May 1988, cancelled.

In exchange for Rolling Hills entering into the above noted performance bonds, the Bank agreed to pay
settlement costs totaling $350,000 to Rolling Hills which were expensed in 2004. Should Rolling Hills not
enter into the performance bonds, in a form agreed by the Ministry of Works, the Deed will become void as if
it never existed. The Bank and Rolling lills are still in the process of obtaining all documents required under
the Deed of Settlement. It is anticipated that all outstanding documentation issues will be resolved in 2006 and
that the associated sale of the Love Estates property will be completed without any further loss to the Bank.

iv) Other: The Bank is also involved in various other legal proceedings covering a range of matters that
arise in the ordinary course of its business activities. Management is of the view that no significant loss will
arise as a result of these proceeding.
20. Dividends per ordinary shares

The Board of Directors declared semi-annual dividends of $0.02 per share in respect of each six month period
ended 31 March 2005 and 30 September 2005. Such dividends were paid on 30 June 2005 and 15 November
2005, respectively.
21. Dividends per preference shares

The Board of Directors declared quarterly dividends of $0.1875 (7.5%) per share in respect of each quarter
ended 31 March 2005, 30 June 2005, 30 September 2005 and 31 December 2005. These dividends were paid
on 31 March 2005, 30 June 2005, 30 September 2005. The 31 December 2005 dividend was paid subsequent
to the year end. 2005 2004
$ $

Dividends payable at the beginning of year 145,492 -
Dividends declared during the year
Dividends paid during the year (707,992)
Dividends payable at the end of the year 187,500 145,492
22. Financial risk management

Strategy in using financial instruments
By their nature, the Bank's activities are principally related to the use of financial instruments. The Bank
accepts deposits from customers at both fixed and floating rates, and for various periods, and seeks to earn
above-average interest margins by investing these funds in high-quality assets. The Bank seeks to increase
these margins by consolidating short-term funds and lending for longer periods at higher rates, while
maintaining sufficient liquidity to meet all claims that might fall due.

The Bank also seeks to raise its interest margins by obtaining above-average margins, net of allowances,
through lending to commercial and retail borrowers with a range of credit standing. Such exposures involve
not just on-balance sheet loans and advances; the Bank also enters into guarantees and other commitments
such as letters of credit and performance, and other bonds.
Credit risk
The Bank takes on exposure to credit risk, which is the risk that a counterpart will be unable to pay amounts
in full when due. Impairment provisions are provided for losses that have been incurred at the balance sheet
date. Significant changes in the economy, or in thp health of a particular industry segment that represents a
concentration in the Bank's portfolio, could result in losses that are different from those provided for at the
balance sheet date. Management therefore carefully manages its exposure to credit risk.

The Bank structures the levels of credit risk it undertakes by placing limits on the amount of risk accepted in
relation to one borrower, or groups of borrowers, and to geographical and industry segments. Such risks are
monitored on a revolving basis and subject to an annual or more frequent review. Limits on the level of credit
risk by product, industry sector and by country are approved quarterly by the Board of Directors.

The exposure to any one borrower including banks and brokers is further restricted by sub-limits covering on-
and off-balance sheet exposures, and daily delivery risk limits in relation to trading items such as forward
foreign exchange contracts. Actual exposures against limits ate monitored daily.

Exposure to credit risk is managed through regular analysis of the ability of borrowers and potential
borrowers to meet interest and capital repayment obligations and by changing these lending limits where
appropriate. Exposure to credit risk is also managed in part by obtaining collateral and corporate and personal
guarantees.

The Bank's deposits and., investments are placed with -high credit quality financial institiftfins and
corporations. Mortgage, consumer and other loans are presented net of provisions for loan' i:os-esi Whlalt the
majority of loans are secured by first mortgages upon family residences or by chattel mortgages, overdrafts
advanced in the normal course of business are generally unsecured.
Credit-related commitments

The primary purpose of these instruments is to ensure that funds are available to a customer as required.
Guarantees which represent irrevocable assurances that the Bank will make payments in the event that a
customer cannot meet its obligations to third parties carry the same credit risk as loans.

Commitments to extend credit represent unused portions of authorisations to extend credit in the form of
loans, guarantees or letters of credit. With respect to credit risk on commitments to extend credit, the Bank is
potentially exposed to loss in an amount equal to the total unused commitments. However, the likely amount
of loss is less than the total unused commitments, as most commitments to extend credit are contingent upon
customers maintaining specific credit standards. The Bank monitors the term .to maturity of credit
commitments because longer-term commitments generally have a greater degree of credit risk than shorter-
term commitments.
Geographical concentrations of assets and liabilities

The Bank has a concentration of risk in respect of geographical.area, as both customer and securitised assets
are primarily based in New Providence and Grand Bahama.
Cash flow and fair value interest rate risk

Cash flow interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because
of changes in market interest rates. Fair value interest rate risk is. the risk that the value of a financial
instrument will fluctuate because of changes in market interest rates. The Bank takes on exposure to the
effects of fluctuations in the prevailing levels of market interest rates on both its fair value and cash flow
risks. Interest margins may increase as a result of such changes but may reduce or create losses in the event
that unexpected movements arise. The Board sets limits on the level of mismatch of interest rate re-pricing
that may be undertaken, which is monitored daily.

The Bank employs effective techniques and procedures to monitor and control its exposure to interest rate
risk. Mortgage, consumer, and other loans have variable rates, linked to The Bahamian dollar prime rate
Exposure to interest rate risk, which is mainly due to fixed rates both its term deposits with banks and savings
Certificates sold to customers, is minimised by the short-term maturities of the majority of these deposits.

Liquidity risk
The Bank is exposed to daily calls on its available cash resources from overnight deposits, current accounts,
maturing deposits, loan draw-downs and guarantees, and from margin and other calls on cash-settled
derivatives. The Bank does not maintain cash resources to meet all of these needs, as experience shows that a
minimum level of reinvestment of maturing funds can be predicted with a high level of certainty. The Board
sets limits on the minimum proportion of maturing funds available to meet such calls and on the minimum
level of inter-bank and other borrowing facilities that should be in place to cover withdrawals at unexpected
levels of demand.

The matching and controlled mismatching of the maturities and interest rates of assets and liabilities is
fundamental to the management of the Bank. It is unusual for banks to be completely matched, as transacted
business is often of uncertain term and of different types. An unmatched position potentially enhances
profitability, but also increases the risk of losses.

The maturities of assets and liabilities and the ability to replace, at an acceptable cost, interest-bearing
liabilities as they mature are important factors in assessing the liquidity of the Bank and its exposure to
changes in interest rates and exchange rates.

Liquidity requirements to support calls under guarantees, and standby letters of credit are considerably less
than the amotint of the commitment because the Bank does not generally expect the third party to draw funds
under the agreement. The total outstanding contractual amount of commitments to extend credit does not
necessarily represent future cash requirements, as many of these commitments will expire or terminate
without being funded.

The loan portfolio principally comprises long-term mortgage loans, which are financed by shorter-term
customer deposits. As such, the Bank is exposed to liquidity risk, which is continuously monitored by
management.
Eair values of financial instruments
Financial instruments utilised by the Bank include recorded assets and liabilities, as well as items that


principally involve off-balance sheet risk. These financial instruments are carried at fair value or are
relatively short term in nature and accordingly, the estimated fair values are not significantly different from
the carrying value as reported in the consolidated balance sheet.
23. Subsequent events
At a meeting of the Bank's Board, held on March 27, 2006, the Board approved the following resolutions,
subject to the approval of the Central Bank of The Bahamas:

i) The purchase of the $10 million in preference shares from the existing shareholders by the Parent
Company;
ii) A $15 million rights issue of the Bank to be held during the second quarter of 2006 under terms and
conditions to be agreed; and
iii) The redemption of the full $10 million in preference shares purchased by the Parent Company under (i)
above, to allow for the Parent Company to subscribe for its full allocation of rights under the above
noted rights issue.

fhe Parent Company has confirmed that, subject to approval of the Central Bank of The Bahamas, it would
use the full proceeds of the above noted preference share redemption to subscribe to its full allocation of
rights under the above noted rights issue.


~~ ~- ~~ - ~- - -~~--- I .


- . ''






THE TRIBUNE FRIDAY, APRIL 21, 2006, PAGE 11 B


I I


~,
Al;


Field Assistants

for Exciting

Scientific

Research Project

The Kirtland's Warbler Training and Research Project is
seeking to employ two biology or environmental science
majors as field assistants for its next two field seasons
beginning October 2006'thiu April 2008)

College of The Bahamas Sophomore Students Preferred.

Unique opportunity to work with distinguished
ornithologists on a broad spectrum of bird research
issues. Excellent training opportunity in field research,
public education and community-based conservation.
Opportunities to travel to other Islands and also to the
United States to conduct research and make scientific
presentations.

Through a special arrangement with COB, students can
earn college credits for participation in the project.
Scholarship opportunities may also be available for
students successfully completing the project.

Duration: 18 months
(October 2006 April 2008)

Location: South Eleuthera, Bahamas and
Michigan, USA

Comfortable stipend offered to successful
applicants.


the Kirtland's

Warbler

training
research &
project


Bahamian investors



purchase Aquapure


PRICWVATERHOUSCCOPERS _______
PriecTwaterbauseCoopmr
Providence HO
uast Hill Street
P.O. Box N-3910
Nauau, The Bahams
Wedbit: www.pwc.com
E-nail: pwclb@bs.pwc.com
Telephone (242) 302-5300
Facimile (242) 302-5350





INDEPENDENT AUDITORS' REPORT

TO THE SHAREHOLDERS OF FIDELITY BANK (BAHAMAS) LIMITED

We have audited the accompanying consolidated balance sheet of Fidelity Bank (Bahamas) Limited and its
subsidiary (the Bank) as of 31 December 2005. This balance sheet is the responsibility of the Bank'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. 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 consolidated financial position of the
Bank as of 31 December 2005 in accordance with International Financial Reporting,Standards.



Chartered Accountants
27 March 2006


* THE release confirmed Tribune Business's exclusive story
on January 9 this year, when this newspaper revealed that Aqua-
pure was looking for a buyer. Shown above is our headline.


FROM page 1B

the business and maintain its
leadership position for many
years to come. We are very
pleased, after a formal and
competitive sale process, to
have found a Bahamian group
who are intent on taking the
business to the next level. We
are confident that the transac-
tion will also be beneficial to
our customers, suppliers and
employees".
Agreement
The sales agreement, which
has been signed, is now sub-
ject to "completion matters"
before it is finally consummat-
ed. Aquapure had been hit in
the past by union unrest
involving the Bahamas Bever-
age, Water and Distribution
(BBWDU) union, which had
embroiled the company in a
long-running industrial dispute.
The firm's Gladstone Road


but the situation escalated after
the company fired 11 workers
for allegedly participating in
an illegal strike outside the its
headquarters on Bernard
Road.
Situation
That situation and several
other labour-related issues
then ended up before the
Industrial Tribunal. It is not
known whether they have been
resolved. The Tribune previ-
ously reported that AquaPure
was understood to need more
than $1 million in capital
investment to upgrade plant
and vehicles.


S&P: PLP's 'slow pace'


harms the nation's


economic potential


FROM page 1B
economic potential due to "the slow pace of PLP
policymaking", a Wall Street credit rating agency
said yesterday.
In its credit report on the Bahamas, Standard &
Poor's (S&P) said there were "no major policy or
ideological differences" between the PLP and
FNM, with the forthcoming general election cam-
paign likely to focus on social issues such as crime,
illegal immigration and education, plus person-
alities.
However' S&P said: "The slowv-pace of -the
7 PLP phIL\malkin, T ed hpe nid gyernimeltt
indecisiveness are cited by the private sector as
reasons for below-potential economic develop-
ment. "This slow pace is expected to continue in
the pre-election period (including limited progress
on the privatization front), as PLP is unhkely to
embark on difficult reforms, anticipating close
elections and seeing its political position buffered
by the ongoing economic growth."
S&P added that the PLP was enjoying "increas-


ing popular support" due to the improving econ-
omy and expectations of further growth in future
years. Yet it also noted that on a per capital
income basis, real GDP growth in the Bahamas
between 2000-2005 was close to a 0.4 per cent
average, placing it behind all its peers apart from
Malta.
S&P said this reflected the impact from hurri-
canes, a slowdown in tourism post-September
11, the increasingly competitive global tourism
market and "slow progress on structural reform".
On the Bahamas' decision to remain outside
'the Caribbean Single Markaet&' Economy
(CSME), S&P said: "The Bahamian population is
most concerned about the provision for free
movement of labour, given the vast difference
between the average wages in the Bahamas anc
other Caribbean countries, and the lack of trade
benefit from such a union for the Bahamas as
the country trades mostly with the US as opposed
to other CSME participants, the trade of which il
more regionally oriented." '.



I- ___


pumping facility was also dam-
aged by a fire in January 2005,
a development that set back
its business and caused
between $10,000-$20,000 in
damages.
The union dispute erupted
after AquaPure failed to pay
Christmas 2004 bonuses to
non-managerial staff, citing the
fact that sales were down and
the company had endured a
"bad year".
Contract
AquaPure said there was
nothing in its contract with the
union to stipulate that Christ-
mas bonuses were mandatory,


b. place youp Legal)-


FRIDAY, APRIL 21, 2006, PAGE 11 B


THE TRIBUNE








PAGE 12,9


THE TRIBUNE BUSINESS


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Contract Bridge

By Steve Becker

Declarer Makes a Key Play


South dealer.
East-West vulnerable.
NORTH
+KJ7
V652
*KJ74
+K Q6
WEST EAST
+1098532 +AQ64
.K 103 VJ987
+63 8
+92 +J 1054
SOUTH
+-
YAQ4
SA Q 10 9 5 2
+A873


The bidding:
South West
1 + Pass
6+


North East
3 Pass


Opening lead ten of spades.

Assume you're declarer at six
diamonds and West leads the ten of
spades. How would you play there
hand?
From the outset, your only con-
cern is to avoid losing two hearts.
Two possibilities are immediately
apparent: If-the clubs divide 3-3, a
heart can be discarded from dummy
on the fourth club; failing that, a
finesse in hearts can be attempted. As
the cards lie, though, both of these
approaches would fail.
However, a third possibility exists,


and when the deal occurred, declarer
exploited it to bring in the slam.
The ten of spades was covered by
the jack and queen, ruffed by South.
Trumps were drawn, and the three
top clubs were cashed, ending in
dummy. When the suit failed to.
break evenly, declarer made the key
play he led the king of spades and
ruffed East's ace. South then
trumped his last club in dummy and
led the seven of spades.
Had East been able to cover the
seven, declarer would have ruffed
and eventually tried the heart finesse.
But when East was unable to top the
seven, South discarded the four of
hearts instead, happily conceding the
trick to West.
This left West in a hopeless posi-
tion. He could lead a heart into
South's A-Q, or he could return a
spade, allowing declarer to ruff in
dummy while discarding the queen
of hearts. Either way, the slam was
home.
By catering to the possibility that
West might have started with the 10-
9-8 of spades, South was able to
make his contract without having to
resort to the heart finesse. The play
he used known technically as a
loser-on-loser involved discard-
ing a card he would always lose, the
four of hearts, on another losing card,
the seven of spades, in order to place
West in a no-win situation.


HOW many words of
four letters or more
can you make from
the letters shown
here? In making a
word, each letter may
be used once only.
Each must contain the
centre letter and there
must be at least one
nine-letter word. No R
Splurals or verb forms
ending in "s", no words.with initial capitals and no
words with a hyphen or apostrophe permitted.
The first word of a phrase is permitted (e.g. inkjet
in inkjet printer).
TODAY TARGET
Good 16; very good 24; excellent 31 (or more).
Solution tomorrow.


CRYPTIC PUZZLE 1 [Z24 15 67-67


1 Couples roaming Paris (5)
6 Such farms seem excellent where
there's no rain about (5)
9 Flier confused Irish PA (7)
10 Ateetotaler, I see, has poor
accommodation (5)
11 Silly Sadie's on
the shelf (5).
12 Plant around the edges (5)
13 In business, he must know how to
multiply (7)
15 A sign of infection when pussy has
no tail (3)
17 Tear around in Morden (4)
18 It's wrong to lash out with Imperfect
timing (6)
19 Where the Romans bought and sold
for a superior figure (5)
20 Old soldiers bender? (6)
22 Social leader frequently
apt to yield (4)
24 Suffice for a quarter of an hour,
note (3)
25 Villains a priest
reformed (7)
26 Lad out of line but not given a
roasting (5)
27 Little bar where the line
terminates (5)
28 She's sly about a boy (5)
29 You can't expect one to fetch sticks
steadily (7)
30 All the same (5)
31 Tries to arrange in rows 151




Yesterday's cryptic solutions
ACROSS: 3, Waist 8, Pal-IO 10, T-IMID 11, Gal 12,
13, Windbag 15, F-etid 18, Cam 19, (Out of) Afric
Made-ira 22, Omit 23, (the) Bend 24, Not-iced 26
man 29, Va.-N 31, Reset 32, Ran-Cher 34, Du-r-i
Had 36, C-IG-ar 37, Le-GG-y 38, Leant
DOWN: 1, F-agin 2, Wild-cat 4, A-Gog 5, Staff-A 6
MIMIC 9, Tan 12, Cameron 14, Bad 16, Tired 17,
Da-nd-y 19, Ar-rival 20, Mot-O-R 21, Miles 23, Be
24, Nature 25, Can 27, Nevis 28, Medal 30, Wedi
Rain 33, Hag


DOWN
2 A trite anagram for gear" (6)
3 Ufted right aside,
strangely enough (6)
4 Thus written as the
basic part (3)
5 Attendant sure to err when out of
breath (5)
6 Drawing of an Indian city in a poor
light (7)
7 In church, It's quiet when the sea
around is stormy (4)
8 The diameter? Not half (6)
12 Can he set a broken
nose right? (5)
13 Wide as a lake (5)
14 Did he bring Englsh opera to the
S church? (5)
15 Flier misrepresenting
some exploits (5)
16 They can be called tries (5)
18 Letters to the police
must be clear (5)
19 Afraid to be
emphatic? (7)
21 Bums, perhaps (6)
22 Is a far different trip
to be on (6)
23 Tentative price, a pound for a half of
beer (6)
25 A fruit or apple-core,
everyone! (5)
26 Phil's said to have as much as he
can take (4)
28 Lay some mousetraps (3)


Yesterday's easy solutions
ACROSS: 3, React 8, Cramp 10, Areas 11, Rim 12, Litre
13, Calorie 15, Panic 18, Rum 19, Reduce 21, Cabinet
22, Pool 23, Stet 24, Regally 26, Longed 29, Lee'31, Total
32, Regency 34, Vapid 35, Pea 36, Beret 37, Seers 38,
Lever
DOWN: 1, Array 2, Immoral 4, Erie 5, Carpet 6, Tread 7,
Manic 9, Ail 12, Limited 14, Rub 16, Nutty 17, Cents 19,
Regaled 20, Spilt 21, Count 23, Sleeper 24, Relate 25,
Leg 27, Oozed 28, Gavel 30, Scare 32, Ripe 33,
Nee


ACROSS
1 Inexpensive (5)
6 Supple (5)
9 Jumped over (7)
10 State (5)
11 Fashion (5)
12 Alloy (5)
13 Concentrates (7)
15 Implore
(3)
17 Lazy (4)
18 Scorn (6)
19 Military
student (5)
20 Flower part (6)
22 Needy (4)
24 Brown (3)
25 Protection (7)
26 Step (5)
27 Track (5)
28 Shawl (5)
29 Dream (7)
30 Worries (5)
31 Veracity (5)


DOWN
2 Powerful car (3,3)
3 Tree-lined
street (6)
4 Equal (3)
5 Apartments (5)
6 Young hare (7)
7 Hero (4)
8 Accommodated (6)
12 Type of chair(5)
13 Initial (5)
14 Wash (5)
15 Buffalo (5)
16 Classification (5)
18 Dissuade (5)
19 Middles (7)
21 Meddle (6)
22 Annoy (6)
23 Feline (6)
25 Frogman (5)
26 Arrange (4)
28 Be seated (3)


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CHESS-b Leonar Bar6e


Nigel Short v Natalia Zhukova,
Gibtelecom Masters, Gibraltar
2006. Former world-title
challenger Short shared second
prize in the 30,000 contest which
is rapidly becoming the best open
in Western Europe. Prize money in
2007 will more than double. The
number-three seed played a crafty
tournament, with several draws at
the start and a winning burst in the
last few rounds. Short took some
risks en route, notably in this
diagram against Ukraine's number-
one woman grandmaster where he
has sacrificed a bishop for attack.
Zhukova's position isn't hopeless
yet and, with her queen attacked,
she decided that her candidate
moves were (a) Qb5 offering a
queen swap and (b) d3 countering
on the white queen. Both


I



2 r

a b c d c f g h

alternatives look plausible, but one
keeps the game going while the
other loses instantly. Zhukova chose
wrongly. Can you do better, and work
out how Short forced victory after
Black's mistake?
lEONARD BARDEN


PUZZLE SOLUTIONS

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i+91N Zaxp Saxf Z 1EPi' 1 01 uOiOSsssaq


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I -TAGE


Tribune

Horoscope


By LINDA BLACK


FRIDAY,
APRIL 21

ARIES March 21/April 20
It will be difficult to know what is
fact and what is fiction this week,
Aries, but one thing is for sure it's
time to slow down a bit a( work. The
hectic pace is wearing you down.
TAURUS April 21/May 21
While everyone around you is, fussing
and fretting over minor concerns, you
will be quietly doing what you have to
do this week, Taurus. Good for you.
GEMINI- May 22/June 21
Part of you wants to escape you
responsibilities, but rest of you knows
this isn't a good idea this week. What
can you do? For starters, do the job
right the first time. Then, go play.
CANCER June 22/July 22
There's an old saying that knowledge
is power, but secrets are more.powerful
still, Cancer. Be true to your nature this
week and don't let on that you have in-
sider information about a family friend.
LEO July 23/August 23
It's usually paid off for you to trust
your lion's instincts, Leo. However,
you're not quite thinking straight'
this week, solj may be a better idea
to avoid making any major decisions
without more eVidence.
VIRGO Aug 24/Septl22
You're in demand this week, Virgo.
Everyone wants something, but they
may not be so willing to give some-
thing in return. No matter how
aggravating this gets for you, don't
give in to your temper.
LIBRA Sept 23/Oct 23
Don't take everything youhear so
seriously this week, Libra. It will only
increase your fears. Have fun with
that special someone on Thursday. .
SCORPIO Oct 24/Nov 22
Pretend your enemies don't exist this
week, Scorpio. You're in a good
mood, so don't let anything spoil it.
Instead, take a walk in the park or
visit a museum. Enjoy yourself.
SAGWITARIUS-Nov23/Dec21
Romance has muddled your senses a bit
recently, but it's important to take a look
at all the facts. That's not to say that any-
thing is wrong -just watch your back.
People aren't always what they seem.
CAPRICORN Dec 22/Jan 20
This appears to be very busy week
for you, Capricorn. Delegate some
of the smaller tasks so that you can
get on with the serious work. Don't
forget to get some rest!
AQUARIUS- Jan 21/Feb 18
Now's the time to take a good, hard
look at your finances, Aquarius. You
may want to scale back some of
those luxury items, then invest your
savings for the future.
PISCES Feb 19/March 20
Feelings are running high this week,
which may result in an argument with
a close friend. While you both may
say some nasty things, remember the
importance of your friendship.


-8


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KINGSTON, Jamaica (AP)
- Although Jamaica will
pump US$105 million into the
2007 Cricket World Cup, it
stands to pull in only US$9
million in revenues from the
event, the country's finance
minister said.
Community
The 15-member Caribbean
Community agreed to host the
World Cup for the first time
mainly because it would be a
chance to promote tourism to
the region even though they
knew there would be few
financial gains, Finance Min-
ister Omar Davies told Parlia-


But finance minister says nation
stands to pull in only US$9m in
revenues from event


ment on Tuesday.
Davies said he reviewed
research on the previous
World Cup in South Africa.
Zimbabwe and Kenya.
"I have looked at what hap-
pened in South Atrica. I have
looked at the numbers and I
am not overwhelmed," he said.
It will cost the region
US$580 million to host the
World Cup, Davies said.
More than 100.())0() visitors


are expected to attend the
tournament across nine coun-
tries.
Spending
Jamaica was spending mon-
ey on renovating Sabina Park
and building the new Trelawny
Stadium, as well as on mar-
keting for the World Cup,
which runs from March 11 to
April 28.


RIDE OR H Ri)PE

Whether you can ride 10 miles or 100 miles
Whether you pedal slowly or like the wind
Whether you can raise $50 or $5,000

Ride for Hope is your opportunity to do something
'inspiring, something uniquely rewarding, to honor
loved ones touched by cancer.

Ride for Hope is a unique event with a meaningful
purpose. It is a charitable bik -a-thon which will occur
along the spectacular island leuthera~It is open to
anyone who enjoys cycling ariants tContribute to
one of the most important c .mm
enhanced cancer carefor.aflEiprocee b t
the Cancer Caring Center and-i.o C&ncer
Society of the Bahamas .. ,


RIDI
Aoril 2'


Be a part of the great this tsiO 1
those who RIDE FOR i-HO



E FOR
E 2006 .,
9. 2006 "


Eleuthera,
Bahamas


RIDE FOR HOPE PARTNERSHIP
cp"Boe


www.rideforhopebahamas.com


__


FRIDAY, APRIL 21, 2006, PAGE 13B


TPIPU INIF .qnRT~q


I hlbull.r- Dr u 1





Top-ranked Federer steps it



up a notch' to beat Balleret


PUM7V
Jamaica to 105m

into 2007 CO. i..Vorld Cup





TRIBUNE SPORTS


PAC3F 1413- FRlAY. APRIL 21 .f200


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....... .. . .


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*


Scheduled

Four MLS games origi-
nally scheduled for Aug. 5
will be moved to the
weekend of July 29. The ,
New E gland.Revoiut ion-
Chiva- USA game sched-
uled for Aug. 6 will
remain as scheduled in
Los Angeles so it can be
part of a doubleheader
involving Spanish league
champion Barcelona.
MLS spokesman Dan
Courtemanche said it was
unclear how players from
Chivas USA or the Revo-
lution, if selected for the
All-Star game, would be
able to participate.
The MLS All-Stars beat
Mexican league power
Chivas in 2003 and Eng-
land's Fulham last year.
Though this match falls
during Chelsea's presea-
son, it will be a competi-
tive game, said Paul
Smith, the team's director
of business affairs.
"Chelsea doesn't play
exhibition games," Smith
said. "We will be playing
our first match in (Eng-
land) the weekend after
we play here. So players
who come for the presea-
son training, they will be
ready to play."
This will be the third
straight year Chelsea has
played a preseason match
in the United States. The
club also has a coopera-
tive agreement regarding
players, coaching and pro-
gramming with MLS' Los
Angeles Galaxy.
"This club regards this
as being a real honour to
be invited" to play in the
All-Star game, Smith said.
"This helps us build our
profile here in North
America, which is our
long-term ambition."



Share

your

news
The Tribune wants to hear
from people who are
making news in their
neighborhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.
If so, call us on 322-1986
and share your story.


Boston's Brookline



High School take on



Freeport Rugby youth


* RUGBY

SINCE 1998, the Freeport
Rugby Football club has
been working hard to devel-
op and maintain a youth
development rugby program.
It all started with students
from two of the biggest pri-
mary schools on Grand
Bahama, Walter Parker Pri-
mary and Freeport Primary.
In April 2002, Freeport had
the opportunity to experience
one of the greatest aspects of
the game of rugby by wel-
coming Brookline High
School (above), from Boston,
MA. Freeport fought hard
against the visitors and lost-
narrowly. In 2003 Brookline
High School retuned and the
Freeport youth team had
become a well-oiled machine


with Freeport easily defeat-
ing the visitors in the now
familiar two game series.
Brookline returned again
in 2004 and 2005 providing
an experience both on the
field and off.

Players

Brookline are back again
this week for the fifth time
where several Freeport play-
ers will be baptisedd' into the
great world of rugby. The
Brookline visit will also
include social events for the
players from both teams and
a little beach time for the vis-
itors, and- is the: highlight of
the youth rugby season in
Freeport.
The Brookline Bostonians'
now annual challenge with


the Freeport Rugby youth
got underway yesterday and
will continue Saturday, April
22nd at 6.0 p.m. at the
Freeport Rugby Club on East
Settler's Way. The Freeport
Rugby Club extended sincere
thanks to Brookline head
coach Joe Dolan and his
team who have been
extremely supportive of this
annual tournament.
Freeport are coached by
James Blezard, Jeremy Caf-
ferata and Jackalo Pierre (a
former youth player).
The public is invited to
come and give support to the
Freeport Youth Team as they
compete to take the lead in
the touring series. For more
information about Freeport
Rugby log on to their web-
site at www.bahamasrugby-
football.com.


I RUGBY fans are in for a treat at Freeport Rugby Club .

. .......................................


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SECTION


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


Works Everyrhe
I'jyt


MIAMI HERALD- SPORTS


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hurdles


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N CARLYLE Thompson in action in a recent hurdles event.
Coach Dianne Woodside says the Bahamas has bridged the gap in hurdles.


N TRACK AND FIELD
By KELSIE JOHNSON
Junior Sports Reporter
THE Bahamas has finally
bridged the gap in the hur-
dles event in track and field
and at the 35th annual Carif-
ta Games they showed that
they are just getting better.
Hurdles coach Dianne
Woodside watched from the
sidelines at the Stade Rene'
Serge Nabajoth stadium in
Abymes, Guadeloupe, as all
the athletes entered in the
hurdles e\ents-advanced on
through to the finals. The
Bahamasm \ as represented in
all di isions by two athletes.
According to hurdles coach
Dianne Woodside, filling in
the gap has been a hard task,
but she is proud that the ath-
letes were able to meet the
challenge.
She said: "It has been a
long time coming for the
Bahamas, but I am proud of
the athletes, they've done
well.
'If .ypu real-
fcr ly look at it,
& the gap has
stretched for a
long time, it was
hard to get athletes
comfortable in running


the hurdles. The hurdles isn't
an easy event to teach to ath-
letes, it takes a lot of con-
vincing-before an athlete feels
as though they are ready.
"What makes it even hard-
er is the idea of falling. Ath-
letes see on many occasions
people falling in the event, so
this makes it really tough on
the coach."
Medal
The Bahamas opened up
the hurdles event with a
bronze medal in the under 17
girls division, but before they
could claim the medal, one of
the two athletes fell.
Falling at the 150m marker
was Tess Mullings, capturing
the bronze was Krystal Bodie.
The same misfortune took
place in the under 20 girls
division with Michelle Cum-
berbatch.
Both Cumberbatch and
Natayla Beneby witnessed


Mullings fall to the surface
then the same thing hap-
pened to Cumberbatch.
Beneby went on to secure a
bronze medal.
"The Bahamas can be very
good at hurdles, we have
some. great upcoming hur-
dlers and some who don't
even know they can
excel in the event," said
Woodside.
"The athletes are scared.
Hurdles is a technical.event.
When you really look at it the
athlete has to run over barri-
ers and just the sound of the
word barriers makes it more
difficult.
"But as a coach of the
event, I try tq preach to the
athletes to stay focused
before their race comes up.
Being focused is key and even
when you are things happen."
Woodside is under the
impression that the Bahamas
can field more athletes in the
hurdles event.


Truckers to take


on All-Star team


* BASKETBALL .
By KELSIE JOHNSON
Junior Sports Reporter
ACTION in the New Prov-
idence Women's Basketball
Association (NPWBA) might
have ended some months ago,
but the top teams will take to
the court this weekend for the
Bahamas Basketball Federa-
tion (BBF) nationals.
Although only two teams
will do battle, due to the
Grand Bahama teams pulling
out at the last minute, but the
national event is still expected
to be a smashing success.
Grand Bahama had except- THE Tru
ed .tbe.invitation sent to them actionat the
by the BBF but the team was
unable to secure finances in
time.
The show will go on, however, with the cham-
pions in the NPWBA, the Johnson Lady Truck-
ers, taking on an All-Star team from Eleuthera.
According to NPWBA executive member
Kimberly Rolle, the level of play by the Truck-
ers should peak even though the season is over
and done with.
She said: "I don't think that the team will


ck
.B


lose their touch even though
there was a long lay-off of
play. The NPWBA is expect-
ing them to play with the same
intensity as they did against
the Angels to win the title.
"I know personally that the
team is a hungry team and
winning the local league title
will not be sufficient for them.
They are going to take to ,the
court and play hard in order to
retain the title.
"I don't know too much
about the other team, but I do
know that it will be an inter-
esting game."
The All-St.i team coming
ers will being in from Flculli a consists of
BF nationals top players from around the
League. I he team is expected
to arrive in town by mid-day
with the tip-off coming later on that evening at
the DW Davis gymnasium.
Since there are only two teams entered in the
national championships, a best of five games
series will be played.
The tournament will get underway at 8:30pm
tonight and again on Saturday morning with
two games. The extended games are scheduled
for late Saturday evening.


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