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/UF00084249/00571
 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: November 3, 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: VID00571
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







"100%I PREMIUM \

m m
SANWICHIES rm lovn' it.

HIGH 83F
LOW 71F

CLOUDY WITH
T-STORMS


The


Tribune


Volume: 102 No.286 FRIDAY, NOVEMBER 3, 2006 PRICE -750







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ououe0-crP0osse by


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Businessman hits out

over celebrity's'

controversial house deal


AMERICAN businessman
Ben Thompson claimed yester-
day that he was "double-crossed"
by Anna Nicole Smith over her
controversial Nassau house deal.
He said he was possibly "set
up" by the former Playboy play-
mate, but-was in truth merely act-
ing as banker for the purchase of
the Eastern Road luxury home
which formed the basis of her res-
idency application.
-When Anna Nicole subse-
quently described the house as a
gift, and refused to execute a
mortgage to repay him, he was
shocked, he said.
Mr Thompson, of Myrtle
Beach, South Carolina, admitted
to having had a "short relation-
ship" with Ms Smith and agreed
that she had indicated to him ver-
bally that he was the father of her
newborn daughter, Dannie Lynn
Hope.
However, Mr Thompson cate-
gorically denied he was the father
S. and, when pressed, added: "I am
certain I am not the father...it has
nothing to do with the timeline."
Mr Thompson's comments


came during a press conference at.
the British Colonial Hilton when
he and his 'ion-in-lki\\, Ford Shel-
ley, outlined their role in a trans-
action which is now rocking the
Bahamas government.
Immigration Minister Shane
Gibson has been accused of fast-
tracking Ms Smith's residency in
less than a month without doing
due diligence. He has also been
accused of personally receiving
the SlIIii-.iII permit cheque on.
behalf of the treasury a claim
he has vehemently denied.
Both Mr Thompson and Mr.
Shelley stressed from the outset
yesterday that they and their fam-
ily loved Ms Smith and had no
desire to do her harm but were in
Nassau to protect their invest-
ment.
They said they forwarded the
money she needed to buy Hori-
zons, the Eastern Road home she
cited as her property qualifica-
tion for residency status, but
always on the understanding that
it was a loan.
SEE page 12


Sir Jack stands firm

on 75 per cent claim

SIR Jack Hayward repeatedly refused to back down on his
recent claim that he owns 75 per cent of the Grand Bahama Port
Authority and its related companies, court documents revealed yes-
terday, amid allegations that the move was orchestrated by chair-
man Hannes Babak and his attorney.
The allegation was contained in an affidavit sworn by attorney
Christopher Cafferata, one of the three executors for the estate of
SEE page eight


* THE ne" Comman-
dant of the Defence
Force, Lieutenant Com-
mander Clifford Scavella,
salutes as the national
anthem is played yester-
day at the Defence Force
base.
(Photo: Felipe Major/
Tribune staff)
* By KRYSTEL ROLLE
AFTER 2,7 years and six
months of service Com-
modore Davy Rolle hand-
ed over the command of
the Royal Bahamas
Defence Force to Lieu-
tenant Commander Clif-
ford Scavella.
"Today history is being
made in the Royal
Bahamas Defence Force
as the responsibility for the
day-to-day operation of
the force is to be handed
over to an officer who nine
and a half years ago was
my Parade Commander,"
Commodore Rolle said,
during the Change of
Command Divisions Cere-
SEE page 12


Suspicions of out-of-date baby food


* By ALISON LOWE
Tribune Staff Reporter
SUSPICIONS have arisen
that some stores throughout the
country may be intentionally
selling out-of-date baby food
products, putting infants at risk
of severe illness, or even death.
A government team was due
to head out yesterday to scour
New Providence food stores and


pharmacies for the'offending
items after it was brought to the
attention of minister of agricul-
ture and marine resources,
Leslie Miller, that infants have
been falling ill after consuming
the foods.
According to Mr Miller, one
of his own family members had
been affected by the problem,
SEE page 10


Man murdered, two others shot


* By ALEXANDRIO
MORLEY
A BRUTAL murder in
which a victim was shot in the
head and stabbed about the
body was the result of an inci-
dent that left two others in
hospital with gunshot wounds.
The police report stated that
around 4 o'clock Thursday
morning they received reports


of gunshots being fired in the
Montell Heights area, mainly
on Montall Street.
The police said that on
arrival at the scene of the inci-
dent they found a man's life-
less body lying face up. The
police report said that the man
had suffered multiple stab
wounds. He also had been
SEE page 10


Shane Gibson
calls for lawyers
at Calendars and
Co to resign
ACCUSING Calendar's and
Co of misleading the Depart-
ment of Immigration Minister
-of Immigration Shane Gibson
has called for lawyers Michael
Scott and Tracy Ferguson, who
were involved in processing
Anna Nichole's permanent res-
idency to resign from the firm.
Mr Gibson made the state-'
ment during an intervention in
the House of Assembly
Wednesday night and tabled
documents which he said
proved that the law firm was
SEE page 11

Law firm denies it
was required to
submit mortgage
copy to Immigration
ASSERTING that a member
of its firm delivered a cheque to
Anna Nicole Smith at her Eastern
Road home. which was then giv-
en to Nhruster Shane Gibson. Cal-
lenders and Company also denied
that it was required to submit a
copy of the mortgage on the
property to the Immigration
Department.
'The firm said it was "alarmed"
that Mr Gibson would deny that
he had received the cheque at Ms
SEE page 10

Housing contract
records suggest
some accounts
may be missing
AFTER months of requests,
The Tribune has now obtained
records of housing contracts giv-
en under the PLP administra-
tion which suggest, among
other peculiarities, that the
accounts for a number of pro-
jects appear to be missing.
On Wednesday, Minister of
Housing Neville Wisdom tabled
some housing records in parlia-
ment. However The Tribune
has obtained a more complete
set of records through other
sources.
These records show more
SEE page 12


INSTANT HURRICANE PROTECTIONI NO SHUTTERS OR PLYWOOD NECESSARY


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BAHAMAS EDITION


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PAGE 2, FRIDAY, NOVEMBER 3, 2006
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THE TRIBUNE
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Oct 31sl


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I to Nov 5th, 2006


Culinary Competitions,
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Dine-around & Wine Pairings,
Cooking Demonstrations
and Food Tastings,

Wine Seminars, Lifestyle Seminars,
Entertainment, Sunday Brunch,
Raffle and Silent Auction
Charitable Fundraisers.


1 November, 2006 6pmto
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GOooDFEuOW FARMS
UCAYANY TOPCAM FARM
CuuNARY &
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Sunday 40 Nov 2006.11am to 2pm

Make Your Reservations Todayl
BOOK YOUR CORPORATE TABLES NOWI
Email us at sstrachan@bahamas.com
included In the cost is a voluntary coanlbttuv
to the Cancer Society as well s toto tdop taoidry
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Boho "As Culinary AssoekW*

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FRIDAY, NOVEMBER 3, 2006, PAGE 3


T- HE TRIBUNE


In brief

Minister
warns an oil
spill would be
'catastrophic

DANIEL Smith had seven
drugs in his system when he
died on September 10 in Doc-
tor's Hospital four more than
originally claimed, according to
a news website.
However, the additional
drugs played no part in his
death, it is claimed.
"The levels are insignificant
and they don't mean a thing,"
said Dr Cyril Wecht, the pri-
vate pathologist hired by Anna
Nicole, in an October 28 arti-
cle on People magazine's web-
site.
Dr Wecht previously pro-
nounced that Daniel had three
drugs anti-depressants Zoloft
and Lexapro, along with pain-
killer and heroin substitute
methadone in his body when
he died.
This "cocktail" was said to
have combined in Daniel's sys-
tem, eventually having a dev-
astating suppressive effect on
his heart.
The additional drugs were
revealed by Dr Wecht to be
another anti-depressant,
Amitriptyline, as well as two
over-the-counter cold medi-
cines, and one "mild" over-the-
counter sedative.
A date is yet to be set for an
inquest into Daniel's death,
despite the fact that no one has
been criminally charged in con-
junction with the case.

Airport staff
are warned
to be vigilant
on security
JUST one security slip at an
airport could lead to a serious
problem for the Bahamas,
Transport Permanent Secretary
Archie Nairn told security offi-
cers.
"You have got to be cog-
1 nisant of what is going on
around you. You have to be
vigilant and understand what
\our role i, in the scheme of
things." Nlr Nairn told gradiul,,
ates of the one-week National
Programme Development
workshop.
The Ministry of Transport
and Aviation organised the
workshop for customs, immi-
gration, Civil Aviation, Airport
Authority and police officials
from throughout the Bahamas.
It was also sponsored by the
Organisation of American
States' Inter-American Coin-
mittee against Terrorism
(CICTE) and the United States
Transportation Security Admin-
istration (TSA).
"Training is not a one-day
seminar and it cannot stop,
because persons out there with
devious minds are continually
thinking and they are being
trained as well," Mr Nairn said.
"We must keep up or be ahead
of these individuals. So train-
ing is very vital, but training by
itself is not the only answer."
"How you apply the knowl-
edge you have gained this week
is extremely critical to what we
do at airports in the Bahamas,"
he said.
Dr Brent Hardt, deputy chief
of mission at the US Embassy,
noted that the workshop is one
of many similar programmes
established around the world
since 2001 attack in the US.
--- "In the world of air travel,
everyone's security is linked.
Just as in the case of a comput-
er network, once a harmful
virus makes its way past the
firewall in a system, it has the
potential to cause great havoc.
He told participants that
developing their knowledge and
skills to ensure that the system
functions at peak capacity is
vital to the Bahamas and region
"which depends so critically
on air travel links."


Call for Gibson to resign over




principle of Anna Nicole case


IMMIGRATION Minister
Shane Gibson was told to
resign yesterday by a fringe
party which claimed he had
overlooked "the most funda-
mental principle" in allowing
Anna Nicole Smith's residency
status.
There was no way Ms Smith
could get status until the
$90,000 stamp duty was paid
on Horizons, the Eastern Road
house she allegedly "bought"
to qualify for residency,
according to the Workers Par-
ty.
The whole point of residen-
cy status, the party said, was
to collect taxes and ensure
investment and until Ms


Smith's conveyance was
stamped and the 10 per cent
duty handed over, there was
no way Mr Gibson could grant
status.
Workers Party leader Rod-
ney Moncur said: "No con-
veyance in which there is a sale
can be lodged for record in the
Registrar General's Depart-
ment unless stamp taxes are
paid.
He said no conveyance
should have been accepted
until "stamp taxes were paid."
In accepting an unstamped
conveyance, due diligence was
not done, Mr Moncur claimed.
"The whole purpose of a per-
manent residency certificate is


:. Zt .
iS^^^^ ^^^-^^ .'


to collect taxes and show an
investment in property."
He added: "Every lawyer
knows that no conveyance can
be offered as evidence unless
stamp taxes are paid. It is a
principle the minister failed to
follow. The public treasury has
been denied to date a total of
$90,000."
More significantly, had this
been done the government
would not find itself in its pre-
sent mire, said Mr Moncur.
He claimed a "fundamental
principle" had been violated."
Mr Moncur claimed that the
minister "failed to do what he
.should have done and he
should resign."


.*.. p^'.., *. 4:'*'"^ ,v.


* AMERICAN businessman Ben Thompson (centre) at a press conference at the British Colo-
nial Hilton yesterday in which he outlined his role in the purchase of the Eastern Road home at
the centre of the Anna Nicole Smith immigration debate


Grouper consumption ban


expected to boost stocks


* By ALISON LOWE
Tribune Staff Reporter
THE besieged Nassau
Grouper popularioun can look
'for a\\d to i resurgence in
Bahamian waters after gov-
ernment has decided to totally
prohibit the landing, offering
for sale, or purchasing of the
popular fish for a period of
three months.
Furthermore, all fishing of
the Nassau grouper at one key
spawning site around High
Cay, Andros will be banned
for an additional month, begin-
ning on November 1.
The announcement heralds
a move by the ministry of agri-
culture and marine resources
to preserve the fish, and in turn
protect the wider marine envi-
ronment, said minister Leslie
Miller in the House of Assem-
bly Wednesday.
According to Mr Miller, the
reason for choosing the three-
month period between
December 1 and February
28, 2007 for enforcing pro-
hibition across the entire
Bahamas, is because this
encompasses three full moons:
periods biologists have iden-
tified as peak time for grouper
reproduction.
During this period, fisher-


men will be required to "land"
all of their grouper catch "'with
head, tail and skin intact" in
case they need to prove that it
is not a Nassau grouper- -
However, despite tiB'fact
.that the "monitoring and-sur-
veillance" activities of customs,
the police, and the defence
force are set to be increased in
line with the ban, Mr Miller
emphasised that the initiative
can only be effective if the gov-
ernment receives popular sup-
port.
"Members of the general
public, fish processors, restau-
ranteurs and fishermen in par-
ticular are encouraged to assist
in this initiative by reporting
any observed offence to the
agencies mentioned," said Mr
Miller.
All reports will be "swiftly
investigated" and "handled in
the strictest of confidence", he
added.
Describing the worldwide
decline of the Nassau grouper
which does, or did, in fact
exist in the waters surround-
ing a large number of coun-
tries in and around the
Caribbean region other than
the Bahamas Mr Miller said
that their biology had made
them "particularly vulnerable"
to over-fishing.


"They must gather in great
numbers in order to reproduce.
These schools, or spawning
aggregations, occur in specific
locations at a specific time of
the year," he explained.
As a result, the "favourite
food fish" of Bahamians has
come close to "commercial
extinction" in these islands,
and has achieved that status in
a majority of its other former
habitats, including Florida,
Bermuda, and the Cayman
Islands.
"Fishermen and consumers
will have to accept that having
an abundance of Nassau
Grouper to eat at Christmas
time is a formula for the
demise of this important fish-
ery," said Mr Miller.
However, he sought to pro-
vide comfort to fisherman who
might imagine that this will
severely diminish their catch.
"Fishermen are reminded
that out of fifteen species of
grouper found in Bahamian
waters, the only species that is
prohibited to be caught during
the closed season is the Nas-
sau Grouper."
Other species include the
red grouper, the misty grouper,
the warsaw grouper and the
goliath grouper otherwise
known as the jewfish.


FLUSHED AWAY NEW 1:1 5 :45 A 6:10 8:30 10:30
THE SANTA CLAUSE 3 NEW 1:10 3:30 NIA 6:05 8:25 10:45
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CATCH A FIRE T 1:05 3:25 N/A 6:05 8:25 10:45
FLICKA B 1:05 3:35 N/A 6:05 8:20 10:40
ONE NIGHT WITH THE KING T 1:00 3:25 N/A 6:00 8:25 10:45
GRUDGE 2 C 1:10 3:30 N/A 6:10 8:30 10:50
THE MARINE C 1:20 3:45 N/A 6:15 8:35 10:55
THE DEPARTED C 1:00 N/A 4:00 7:00 N/A 10:00
EMPLOYEE OF THE MI$TH T 1:10 3:35 N/A 6:10 8:15 10:50
OPEN SEASON A 1:20 3:50 N/A 6:15 8:35 10:35



USE YOUR E-CARD TO RESERVE TICKETS AT '80-3649 QR WVW'.GALLERIACINEkAS.COM
FLUSHED AWAY NEW 1:15 3:30 N/A 6:00 8:15 10:25
THE SANTA CLAUSE 3 NEW 1:00 3:40 N/A 6:20 8:30 10:35
SAW 3 C 1:20 3:35 N/A 6:20 8:35 10:45
THE.ILLUSIONIST T 1:20 3:45 N/A 6:00 8:25 10:40
ONE NIGHT WITH THE KING T 1:00 3:30 N/A 6:10 8:20 10:30
THE MARINE C 1:10 3:30 N/A 6:20 8:35 10:45

*5 L 39 4


INSIG HT(1I~Y(tllll

For the stries behin

the nws, ead Isigh


onMndy


Party secretary-general Bri-
an Smith challenged the minis-
ter to produce a conveyance
saying that $90,000 had been
paid into the treasury.
"If he produces that, he
would have established that due
diligence had taken place," he
said.


Mr Moncur said it was "dis-
graceful" that the FNM leader-
ship had "failed to go to the
essence of the problem."
He claimed that lawyers in
the opposition party had shown
their ignorance of conveyanc-
ing law and the collection of
stamp taxes.


SALE-


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(On Selected Items)



Parliament Street

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SatiuRday,4thNovm


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Established in 1956 by an old Bahamian family

BayPaPI Bldg. Parliament St.
Telephone: 322-8393 or 328-7157- i
e-mail: inf'colesornassau.com
I- D" N I'l


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: : : :







THE TRIBUNE


PAGE 4 FRIDAYNOVEMBER 3, 2006


, I TTHEITOR


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

LEONE. H. DUPUCH, Publisher/Editor 1903-1914

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


Answering PLP's ridiculous statement


WHEN THE PLP gets a fixation no matter
what evidence is produced to prove it wrong,
they will cling to that fixation as though their life
depended on it.
One of their fixations is that Managing Edi-
tor John Marquis manipulates and controls all
contentious articles published in The Tribune.
The other is that The Tribune so hates the
PLP that it is impossible especially with an
approaching election for it to be fair to the
party. Of course, if one examines the history of
this relationship and of how unfairly The Tri-
bune has been treated over the years by the
PLP, there is really no reason for us to show
them any compassion. They, however, measure
us by their own low standards and expect us to
behave as they would if they were in our posi-
tion.
However, The Tribune is a public newspaper.
In decision-making our likes and dislikes do
not cloud our objectivity in the presentation of
the daily news.
This government's only background of expe-
rience is how it manages the news at ZNS. And
so, government politicians believe that here at
The Tribune our editors manipulate the news in
the same unprofessional way.
Chairman Raynard Rigby, in a statement
published in yesterday's Tribune, predicted that
The Tribune would make every attempt to "dis-
honour the integrity of this PLP government."
This statement is ridiculous. In the past few
weeks, in particular, certain PLP politicians
have themselves dishonoured the integrity of
their party. All we have done has been to report
their disgraceful behaviour.
What they don't like about The Tribune is
that our reporters know when they are being
lied to. Where others might accept a politician's
alibi, Tribune reporters will not. They will track
it down, and bang at the door until they find the
truth.
As for John Marquis it appears that he is
the author of everything mischievous in The
Tribune.
In criticising The Tribune for Monday's
Insight article headed: 'The unwise words of
wisdom', Mr Rigby referred to it as being
authored by John Marquis. Either Mr Rigby
can't read, or he prefers to nurse his fixation.
The article clearly stated that it was the pro-
duction of The Insight staff.
Several reporters spoke with Mr Wisdom in
trying to get information on housing statistics,
and each reporter contributed his and her own
interviews to the article.
The article dealt with a conversation left by
Mr Neville Wisdom on the answering service of


one of The Tribune's telephones. In fact we
don't know how Mr Wisdom got the number to
that particular desk because it is not in the gen-
eral news department and it certainly was not
the number of the telephone on the desk of the
reporter he was trying to reach.
In fact we still do not know what Mr Wisdom
wanted to tell the reporter, except, from the
context of his comments to his permanent sec-
retary, it must have been in connection with
government's housing contracts.
Mr Rigby alleges that The Tribune unlaw-
fully intruded into the private conversation of
the Minister and his Permanent Secretary. He
suggested that we should refresh our memo-
ries about the Listening Devices Act and the
fact that we may have committed a criminal
offence under the Act.
Instead of wasting his time on such foolish-
ness, we suggest that Mr Rigby get a techni-
cian to instruct his ministers on the use of mod-
em technology.
One of our sports reporters tells us that after
the publication of Monday's article, Mr Wis-
dom explained to a group of them at a press
conference that he was having a conversation
with a young reporter at The Tribune when he
walked into his secretary's room with his cell
phone still on. He said the reporter was still on
the line and recorded the whole conversation
with his permanent secretary.
If this is in fact what he told the sports
reporters, it is not true.
At 6.17pm on October 20 a telephone rang
on the desk in a Tribune department that had
already closed for the night.
"Hello," said the answering service, "you
have reached the desk of -. I am sorry, I am
unable to take your call at this time, but if you
leave your name, number and a brief message,
I'll get back to you as soon as possible."
The next voice is that of Permanent Secretary
Leila Greene: You think they left for the day?
Mr Wisdom: They right there right in that
Tribune.
After a few seconds of background noise,
Mr Wisdom's voice comes on again. "That's
the last thing on'my mind. They can write what-
ever they want to write..."
And so the conversation continued between
the'two of them.
The editor's answering service invited the
caller to leave a message, and that is the mes-
sage that she found on her telephone when she
returned to her desk the next morning.
Tomorrow we shall explain why we pub-
lished the Minister's "message."


Cutting down




the grouper




catch is wise


EDITOR, The Tribune
We would like to indicate our
strong support of this winter's
Nassau grouper closed season
that will run for three months
from: December 1, 2006 Feb-
ruary 28, 2007.
This is an important step that
is necessary to protect our Nas-
sau grouper fishery for current
and future generations of
Bahamians. We would like to
publicly thank the government
for this proactive move, and we
call on the public to support it.
The reason for the Nassau
grouper closure is simple: The
Nassau grouper is particularly
vulnerable to over-fishing
because it is known to swim
long distances to form spawning
aggregations at predictable
places and times during its win-
ter spawning period. This is the
only time that the Nassau
grouper is able to spawn and
produce the next generation of
fish. By giving the fish a chance
to reproduce, without distur-
bance from humans, we can


ensure that we have a plentiful
supply of Nassau grouper for
current and future generations
of Bahamians to enjoy.
The scientific evidence strong-.
ly supports the need for the clo-
sure. The Nassau. grouper was
once the most important fin-fish
for fisheries throughout the
tropical western Atlantic, but it
now is commercially extinct in
almost all of its original geo-
graphical range. Fishing on the
aggregations can produce a high
catch in the short term, but the
catch won't last. All Nassau
grouper spawning aggregations
are smaller now than they were
in the past, and many are
already gone for good.
We need strong enforcement
of the closed season to protect
these important resources for
the future. In addition, we call
on every member of the gener-


al public to actively support this
measure. Do not catch, buy or
eat Nassau grouper during the
closed season. Please support
Bahamian fishermen by choos-
ing to eat other fish between
December and February inclu-
sive. We realize that not hav-
ing Nassau grouper for a short
period of time may be inconve-
nient. However, it is a choice
of either not having Nassau
grouper temporarily, or even-
tually not having any Nassau
grouper at all. We think that
the first choice is most definite-
ly the better one.
Bahamas Reef Environment
Educational Foundation
(BREEF)
Bahamas National Trust
The Nature Conservancy
Friends of the Environment,
Abaco
San Salvador Living Jewels
Foundation
Andros Conservancy and
Trust and others.
Nassau
November 2 2006


Our beautiful Eleuthera is

being destroyed by greed


EDITOR, The Tribune
ELEUTHERA, Freedom.
For decades we've known that
Eleuthera means freedom.
Freedom to worship as we see
fit. Freedom to come and go as
we please. Freedom to elect
representatives we feel are the
best qualified to represent the
will of those who elect them to
high office.
Now we are learning that
freedom is not all encompass-
ing. jWe are seeing, close up,
that there is no freedom from
exploitation when there is big
money to be made.
We are seeing our island par-
adise being destroyed by devel-
opers who see a chance to
exploit those things that make-
our islands so attractive. Helped


along by our own money hun-
gry politicians and bureaucrats
who, when hearing the sales,
pitch by these developers, come,
away with dollar signs in their
eyes. All they can see is how
much money (according to
these developers) is to be made.
Never mind that the very
things that are being hyped in
the sales brochures and to the
politicians; pristine, unspoiled,
undeveloped are being wiped
out to satisfy greed, with no
concern for the long term
effects on these fragile islands.
When the long term effects of
this over development are seen,
the developers will be long gone
with their profits, to some other
pristine, unspoiled paradise.
Unfortunately, we are not
alone in this travesty: There is


scarcely a desirable spot on the
planet that is immune. Is it-any
wonder that "developer" and
"politician" have become four
letter words to so many peo-
ple?
For those of us on Eleuthera,
seeing what is being done, we
can only believe that Sir Roland
Symonette, native of Eleuthera,
who knew better than most that
this is a true 'paradise, who did
so much for the island,and its
people, would be doing snap
rolls in his grave if he'could see
what is being done and what
is being allowed to be done to
this beloved Eleuthera.
COY L AUSTIN
Governor's Harbour
Eleuthera
October 16 2006


Please take more care on our roads


EDITOR, The Tribune
I HAD nearly settled, at least
as much as I could. I'm a single
professional who leaves the
house around 6.30am to get to
work every morning at 8am. It's
not the traffic that bothers me so
much, after all the radio news-
casters make the morning com-
'mute quite interesting. It's the
drivers. It's the inconsiderate,


unabashed, risk-taking nature
of the drivers. It's the parents
with kids in the cars, the young
males with the shiny paint jobs
and drivers of the large trucks
and buses. It's the physical man-
ifestation of the lack of concern
we have for our fellow citizens.
Why? Why must an innocent be
injured or killed because some
inconsiderate driver in a 'souped
up' Gray.Honda Prelude license


No.145658 plays 'chicken' and
uses Gladstone Road as a race
track? Bahamians those of you,
like myself, who take pains to
driver with care and caution...I
implore you don't settle. Take
the effort to report dangerous
drivers, you may save a life.
WITH CARE AND CAUTION
Nassau
October, 2006.


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FRIDAY, NOVEMBER 3, 2006, PAGE 5


THE TRIBUNE


L NEWS


0 In brief

Minister
warns an oil
spill would be
'catastrophic'

MINISTER of Transport
Glenys Hanna-Martin warned
that an oil spill could have a
"catastrophic" effect on the
future of the Bahamas.
A stage one or two oil spill,
left unchecked, could have
"widespread, devastating"
effects, she said.
"The biological impact of a
spill on marine life can cause
either physical contamination
or toxic effects from chemical
components," said the minister.
She was speaking at the sec-
ond annual Oil/Chemical Spill
Response Conference, being
held at SuperClubs Breezes.
"Environmental protection
must constitute an integral part
of the development process, and
cannot be considered in isola-
tion from the development
process of our nation,"' Mrs
Hanna-Martin said.
In an effort to better prepare
for such a disaster, an American
company, Precision Planning
and Simulations, Inc, which pro-
vides exercises and training in
emergency response and pre-
paredness, and Clean
Caribbean and Americas in
Fort Lauderdale, are taking part
in the event.
The workshop will focus on
training sessions, exercises, drills.
and simulations.

Cuban official
warns of US
plot to topple
Fidel Castro
* VENEZUELA
Caracas
CUBA'S ambassador in
Venezuela accused the US gov-
ernment on Wednesday of plan-
ning to overthrow President
Fidel Castro and install a pup-
pet regime using the invasion
of Iraq as a model, according
to Associated Press.
In a news conference,
Ambassador German Sanchez
Otero warned of "an outra-
geous plan, written into US law,
to provoke the overthrow of a
legitimate government... and
after that give support to a gov-
ernment installed by the US just
as they've done in Iraq."
Sanchez Otero was referring
to two reports written by the
US Commission for Assistance
for a Free Cuba, appointed by
US President George W Bush.
The United Nations Gener-
al Assembly is to vote next
week on the US government's
47-year-old trade embargo
against Cuba.










a.
FRIDAY,
NOVEMBER 3RD
6:30am Bahamas @ Sunrise.
11:00 Immediate Response
Noon ZNS News Update
12:05 Immediate Response
(Cont'd)
1:00 ASpecial Report
1:30 Ethnic Health America
2:00 One Thousand Dollar Bee
2:30 Aqua Kids
3:00 International Fellowship of
Christian& Jews
3:30 Paul Morton
4:00 Little Robots
4:30 Carmen San Diego
5:00 ZNS News Update
5:05 Andiamo
5:30 The Envy Life
6:00 Caribbean Passport
6:30 News Night 13
7:00 The Bahamas Tonight
8:00 55 Degrees North
9:30 Da' Down Home Show
10:00 Caribbean Newsline
10:30 News Night 13
11:00 The Bahamas Tonight


11:30 Immediate Response
1:30 Community Page 1540 am

SATURDAY,
NOVEMBER 4TH
6:30am Community Page 1540AM
9:00 Bahamas @ Sunrise
10-00 Intemational Fit Dance
10:30 Dennis The Menace
11:00 Carmen San Diego
11.30 Little Robots
noon Underdog
NBOTE NS, T)
rig h I to nij^^^
progrirn^^^^ ^^^^^


Kerzner launches online drive to



recruit 1,700 Atlantis employees


KERZNER International
has announced that it is
embarking on a "massive
recruitment drive" to identify
1,700 potential employees for
its $1 billion Atlantis Phase
III expansion which will offi-
cially open in 2007.
Putting in place a number
of creative, technology driven
measures which the company
said "will eliminate the
use of paper" Kerzner is
inviting interested applicants
to apply via the Internet
by logging onto Atlantis' spe-
cial recruitment website:
http://www.atlantispijobs.com.
"This is a huge step for.
Kerzner International and we
are excited to make this
recruitment effort as seamless
as possible both for the man-
agers in the operation, as well
as for the applicants," said
Karen Carey,.senior vice pres-
ident of human resources.
Once an applicant logs onto
the site, they will be invited
to fill in personal information.
Once this initial phase of
the process is completed, he
or she will have an opportuni-
ty to see a list of available jobs
and track the progress of their
application on-line, the com-
pany said.
The recruitment effort is
being conducted in two phas-
es and includes an internal dri-
ve that allows employees to
have the first opportunity at


applying for available jobs as
well as an external drive.
Kerzner said in a statement *
that to ensure its success,
kiosks have been "strategical-
ly" set up throughout the
property to accommodate
employees.
Carey pointed out that it is
important for the company to
give its current employees the
first opportunity to "expand
their horizons".
The company is now in the
process of launching its exter-
nal drive which is now open
to the general public.
Denise Barnes, Kdrzner
International's senior director
of human resources, explained
that all applicants will be noti-
fied by e-mail about the status
of their application.
"We recommend that all
individuals who apply for posi-
tions invest in a personal e-
mail address as this is a
dynamic way for our recruit-
ment team to keep in touch
with them, again by using
technology as our tool," she
said.
In comparing the Atlantis
Phase III recruitment drive to
that of Phase II, Carey noted
that the human resources
team is more experienced and
equipped than ever before.
"The Phase II drive has
caused us to take a different
.and a more effective approach
to our recruitment process


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and that has been good for us
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us a lot more manpower, time
and more days to be able to go
through a recruitment process.
"This is going to take us sig-
nificantly less time and that in
itself is a huge difference for
us," she said.


M ATLANTIS is looking
for 1,700 new staff to fill
positions at the
soon-to-be-completed
Phase III


Position Summary:
Provide support to the Actuarial Department

REQUIREMENTS
The successful candidate will have the following:
* Bachelor's Degree in Mathematics or Computer Science with
a major in Actuarial Science or Programming
Ability to identify key components of a problem and formulate
.a solution.
Up to 4 of the SOA actuarial exams
0-6 years of work experience
Knowledge of insurance industry and products
Knowledge of USSI system or other policyholder system
Good oral and written communication skills
Self motivated, needing minimal supervision
Proficiency in Excel, Word, ACCESS APL is a plus
Excellent organizational and analytical skills
Ability to perform under pressure

Main Responsibilities Include:
* Provide support to the Group Actuary -,inrmonitoring and reporting
the experiences of the Group lsuiranceline of' business., ;',
Organize, extract, maintain and validate data
Provide queries as needed for the Actuarial and Group
Department
Calculation of experienced rated group financial
Assisting in various projects such as: pricing, product development,
expense studies, renewals, contract provision
To apply, please send your resume to:

The Vice President of Human Resources
P.O. Box N-4728
Nassau, Bahamas
Or submit via
email:Careers@Colinalmperial.com using
the subject line "Acturial Assistant"

Colinalmperial is 1,00% Bahamian-owned and offers excellent employee benefits
including share ownership and career development opportunities



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'Young men are not



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Bahamas






Dr Peter Morgan







Hector Rocha
Mea co


Les Brown
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OPINION--


Agreeing with the caller, Mr
McKinney claimed that too
many young men would rather
"a free lunch" than a chance at
meaningful employment.
In an effort to encourage
public discourse on the age-old
argument that young Bahamian
men were too lazy," The Tri-
bune walked the beat this morn-
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THE view, popular in some
circles, that young Bahamians
are afraid of work and only
looking for a "free lunch" was
hotly denied yesterday by
members of the "at risk" gen-
eration themselves.
Their comments follow those
of ZNS host Steve McKinney
who claimed on the air that too
many young men in the
Bahamas simply do not want to
work.
An irate man called into his
Immediate Response talk show
on. Wednesday to complain
about a group of young men
who he claimed "hangs on the
blocks" in the Carmichael Road
area.


LaSalle Vaughn
USA


SUNDAY, NOVEMBER 5TH
8 00a in The Spiritual Force of Servant
Leadership Dr. Jerry Horner
MONDAY, NOVEMBER 6TH
12 301'pm Ten Necessary Principles of True
Leadership Dr Myles Munroe
1 30prn The Heart of Servant Leadership
Bob Harrison
2-.30prm The Five Secret Qualities of
Servant Leadership Les Brown
7 ii p 1il Ti P.-vsron ,i;'l Crn lp...esion Ct
r.r:'-i Leadership -
The Honr Perry' Christie
TUESDAY. NOVEMBER 7TH
i00.jIn The Serret Power of Servant
L,-raiership Dr Myles Munroe
9 On0ani H-c.. ic. be an Effeclive Communi-
cator in Leadership Les Brown
10.00.3im Toe Motivational Passion in
Servant Leadership Bob Harrison
11 2Ciarm The Role of Vis;on in Servant
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P' 12 20prn The Moral and Ethical Force of
Servant Leadership Dr. R Pincder
7 00p7ri'I Thi F' Poer of V\alues in Ser.antl
Leraderihip Dr AJi,'es Muriroe
" WEDNESDAY, NOVEMBER 8TH
4 B.O.arni The Seven Principles of Ser.ant
Leadership Dr. Myles Munroe
9.00am The Authority Principle of Senrant
Leadership Dr. Charies Pilliips
10 00am The Difference between Manage
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THE TRIBUNE


PAGE 6, FRIDAY, NOVEMBER 3, 2006


Bahamas Bus k

Call:

322-1722-25':;- -. :


j.
IslllL,


~i~i~-:!-


views to get their opinion in
regards to the work ethic of
young men in the country.
James Winter, 21, is current-
ly employed as a bank teller in
the downtown area.
"Some young men don't even
have the background and the
requirements for these jobs and
positions in the first place. That's
why you see most of them on
construction sites," he said.
"Society caters to females
now-a-days" he added. "It's like
after high school, that's when
they want to give young men a
chance, but by then its to late."
Mr Winter suggested that
society should focus on young
men from the earliest stages of
childhood.
Ricardo, 27, is currently
employed as a security guard at
a bank.
He agreed to the suggestion
that some young men do not
want to work, but said that the
majority do.
He said a large part of the
problem lies with the older gen-
eration, which is misjudging the
youth before giving them a
chance.
"They judge you by how you
look or the clothes you wear,"
he said.
Ricardo added that Bahami-
ans needed to start "strength-
ening" young people instead of .
trying to bring them down.
He warned that if the older
generation does not recognise
their responsibility, young men
will continue to do "negative
things."
A young man who goes by
the name "Frankie" told The
Tribune that he believes the
problem is not that young men
do not want to work, but that
youths are not willing to work
on jobs where their labour
would'be exploited.
"A lot of people don't want
to work for $ 150 or $200 per
week, and people brand them as
being lazy," he said.
Frankie claimed that many
young men cannot afford to pay
bills on such a small salary, and
suggested that many young men
felt that they stood a better
chance "hustling" than being
exploited by an employer.


8VW O N 1115 111 L






FRIDAY, NOVEMBER 3, 2006, PAGE 7


THE TRIBUNE


MP warns new act may



see children unjustly



removed from mothers


NEW legislation may lead to
mothers having their children
taken for "culturally and per-
sonally subjective" reasons, a
lawmaker has warned.
MP for South Andros Whit-
ney Bastian said that in his view,
one provision of the proposed
Child Protection Act is too
"harsh" and potentially dis-
criminatory.
The problem, he said, is that
"immoral habits" are listed
among the grounds for the ter-
mination of a mother's custody
of her child.
This, and another part of the
act, claim Mr Bastian, effec-
tively give the court "carte
blanche to render a mother
unfit without any clear guide-
lines to do so."
Mr Bastian's comments came
during a speech in which he
evaluated the strengths and
weaknesses of the proposed bill
in the House of Assembly on
Wednesday.
During the session, several
MPs praised the proposed leg-
islation for allowing for fathers
of "outside" children to seek
access to, and, custody of these
children in a way that the cur-
rent framework does not.
Whereas-previously it was the
case that fathers of outside chil-
dren had, "no rights, but duties"
according to Transport Minis-
ter Glenys Hanna-Martin, the
new act is expected to "bring
fathers of children born.out of
wedlock fully into the picture"
in a way that will contribute to
the "holistic development" of
the rising numbers of illegiti-
mate children.
However, Mr Bastian also
criticised the 'act and its treat-
ment of fathers, complaining
that as it stands it will not go as
far as to offer "equal rights for
men as for women", in the
parental riepon-sibili ie.; of chil-
dren born pout of wedlpck.


While, asserting that fathers
must be held to "certain crite-
ria" before being granted
responsibility and many
Bahamian fathers have alongg
way to go" in that regard the
MP stressed that he believes "it
is wrong of us to tar all with the
same brush."
His comments on this issue
echo those of Clever Dun-


combe, founder of the group
Bahamian Fathers for Children
Everywhere, who last week
condemned the legislation for
a lack of "gender neutrality".
Mr Duncombe claims that the
proposed act is merely protect-
ing the "serial sweethearter" by
not explicitly placing any legal
responsibility on the father, as it
does on the mother.


Recent statistics indicate that
up to 57 per cent of all children
born in the Bahamas are being
born to unmarried parents.


M CLEVER Duncombe, a campaigner for father's right's, hac
warned the new Child Protection Act does not place enough
responsibility on fathers


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THE TRIBUNE


AP GE 8 FRIDAY NOVEMBER 6


I LOCANEWS


FROM page one

the late Edward St George, in
support of an action filed by the
estate to oppose Sir Jack's own-
ership claim and ultimately
secure the removal of Mr
Babak as the Port Authority's
chairman.
Mr Cafferata alleged that
repeated efforts to persuade Sir
Jack to back down on what the
St George estate described as a
"wholly unfounded and unmer-


Sir Jack
itorious claim" had failed, leav-
ing no option except legal action
to safeguard the estate's inter-
ests.
Both the Port Authority and
Port Group Ltd, the entity that
holds related assets such as the
Grand Bahama Development
Company (Devco) and Freeport
Harbour Company, are owned
92.5 per cent and 100 per cent
respectively by Intercontinental


Diversified Corporation (ICD),
a Cayman Islands-domiciled
firm.
ICD is 50 per cent owned by
Seashells Investments Ltd, a
company that holds ICD shares
in trust for Sir Jack, with the oth-
er 50 per cent owned by Fidu-
ciary Management Services. Sir
Jack is now alleging that he owns
50 per cent of Fiduciary Man-
agement Services, with the late
Mr St George owning the other
50 per cent, making him in effect
a 75 per cent owner of Port


Group Ltd and the Port Author-
ity.
But Mr Cafferata alleged: "Sir
Jack Hayward and Mr St
George owned and ran ICD as
an equal 50:50 quasi-partnership.
Although Mr St Georgeran the
day-to-day affairs of the group,
both participated in the man-
agement. They had trust and
confidence in each other. There
was not merely a close business
relationship but a close social
bond between them and their
respective families.
"Since Sir Jack first advanced
his claim to 75 per cent of the
shares the executors have made
every effort to persuade him to
back down and to maintain the
old ties of trust and confidence
between the two families.
"There has regrettably been
a complete breakdown in the
trust which should exist between
Sir Jack and the executors and
other members of the St George
family beneficially interested in
the estate. Lady Henrietta is now
afraid of attending the Port
Authority premises, no longer
has the use of her office, and she
and the other executors have not


been kept informed about the
management of the companies."
Mr Cafferata said ICD was
established in November 1984,
and Fiduciary Management Ser-
vices acted as the nominee com-
pany that held Mr St George's
50 per cent stake. He said it was
"only now being questioned"
after 24 years.
Mr Cafferata's affidavit hinted
that Sir Jack's ownership claim
has been driven by Mr Babak
and his attorney Greg Moss,
drawing attention to an Octo-
ber 23, 2006, meeting at which it
first surfaced. Apart from Sir
Jack and Mr Moss, the meeting
was also attended by Port chief
financial officer, lan Barry, and
Patty Bloom.
Sir Jack allegedly said Mr
Moss had reviewed Fiduciary
Management Services' files and
found he owned 50 per cent of
the company, meaning he was
the 75 per cent owner of the
Port.
Yet Mr Cafferata said Fidui-
ciary Management Services had
separate accounts for different
investments made by Edward St
George and Sir Jack, and the 50


DEVELOPMENT OFFICER

The St. Andrew's, School Foundation is committed to
its partnership with the St. Andrew's School through
its financial support of teachers, scholarship students
and building projects. The Foundation is presently
seeking a person to lead its Office of Development.

The Development Officer, a full-time position, reports
to the St. Andrew's School Foundation and will:.

be responsible for designing and overseeing
fundraising campaigns in support of the
Foundation's strategic goals;

develop marketing strategies and materials for
public relations and advertising;

liaise with the Principal of the St. Andrew's
School in promoting relationships between the
school and various organizations, including the
St. Andrew's Alumni and Friends Association.

The successful candidate will be supportive of,.k!p
Mission & Philosophy of the St. Andrew's School and
possess knowledge and understanding of the school's
history and culture. The Foundation seeks a goal-driven
individual with strong organizational and social skills
and with experience in fundraising.

Interested candidates should send their CV and a letter
of interest to:

Foundation Search Committee
St Andrew's School
PO Box EE 17340
Yanmacraw Hill Road
Nassau, Bahamas


I I


Jeep Grand Cherokee


Jeep Wrangler X
molottvi~


$ 36,295.00


STARTING AT STARTING AT
$36,215.00 7.2o
sh,*. .*-.^ ^s .;. ^ 1 ^ ; ^


We regret to announce the passing of



MARGUERITE MAY SANDS

on November 1st, 2006


at her residence on Cloister Drive, Paradise Island, after a
prologed illness.

Funeral Services will take place at Evangelistic Temple,
Collins Avenue, Nassau at 4:00 p.m. Monday, November
6th, 2006.


Si Fis survived by her husband, Wayde Sands, four daughters,
Debra, Denise, Deidre and Darlene; eleven grandchildren
and two great grandchildren; two grandsons in law, one
granddaughter-in-law and a host of other relatives and
friends.


Jeep Liberty


,- A V, ,I "- -


per cent ICD stake was at all
times an asset allocated to Mr
St George.
He alleged that the St George
estate first sought directions
from the courts on October 19 as
to whether they should seek Mr
Babak's removal, adding that it
did not appear "coincidental"
that Sir Jack's 75 per cent own-
ership claim popped up four
days later.
"The executors infer from the
following, and invite the Court
to infer, that this was not coinci-
dental and that it was instigat-
ed by or with the involvement
of Mr Babak: the timing of the
announcement, coming four
days after the executors raised
for the first time their reluctance
to continue Mr Babak's involve-
ment with PGL and GBPA, and
the fact that it was Mr Babak's
attorney, Mr Moss, who advised
Sir Jack Hayward that he
was indeed 75 per cent
beneficial owner of ICD and
thus had control over PGL and
GBPA (including, of course,
control over the retention of Mr
Babak's services)," Mr Caffera-
ta alleged.
The estate's attorney, Mr
Smith, and Mr Cafferata spoke
to Sir Jack on October 27 to ask
him to reconsider, but Sir Jack
declined with the alleged sup-
port of Mr Babak.
Mr Cafferata alleged: "The
plaintiffs believe that Sir Jack
Hayward's claim to a 75 per cent
beneficial interest in ICD has no
basis in either fact or law. They
further believe that it has arisen
as a result of the St Georges'
attempts to assert their rights as
co-shareholders in ICD and its
subsidiaries and, in particular,
follows the expression of their
legitimate and rightly held
concerns about Mr Babak's con-
duct.
"As regards Sir Jack, the rela-
tionship of trust and confidence
which formerly existed between
him and the St George family
has broken down due to his con-
duct in advancing the 75 per cent
claim and supporting the
employment of Mr Babak."
Several sources have suggest-
ed that the current manoever-
ing is a prelude to Mr Babak
relaunching his efforts to take
over Port Group Ltd and the
Port Authority by squeezing out
the St George estate, although
that is unconfirmed.
Mr Babak, though, is proving
hard to shift, and his position is
strengthened by the fact that the
terms of his employment are
understood to be subject to UK
jurisdiction, niot the Bahamas.
The terms were chiefly negoti-
ated by Port insider, Derek Har-
rington, and Mr Babak's Aus-
trian attorney.
Despite attempts to contact
him, Sir Jack did not respond
before last night's press dead-
line.
The estate's attorney, Fred
Smith, and co-counsel Damien
Gomez were last night said by
sources to be at the Port Author-
ity offices accompanied by six
police officers to secure potential
documentary evidence relating
to the case.


. - I----









THF TRIR INF


l/


3 COMMONWEALTH


BANK CHAIRMAN'S REPORT ON UNAUDITED RESULTS SEPTEMBER 30, 2006


On behalf of the Board of Directors, I am pleased to be able to report that Commonwealth Bank
continued its strong 2006 performance by ending the third quarter of the year with net income of
$29.0 million, an increase of 23.6% over the same period of 2005, ($23.4 million).

Results for the nine months ended September 30th, 2006 with comparisons for September 2005
were as follows:
Net Income $29.0 million, an increase of 23.6% or $5.5 million.
Earnings Per Share 78 cents an increase from 62 cents or 25.81%.
Annualised Return on Common Shareholders' Equity was 34.1% up from 33.0%
Total Assets increased $42.9 million in the quarter to $983.7 million or 15.2 % over
December 2005.

As noted in our June Quarter report, investor confidence in the Bank was clearly demonstrated,
when, at the beginning of July, 2006, the Bank issued $24.1 million Preference Shares by
private placement. This transaction is reflected in our 2006 Third Quarter Report to the
Shareholders, showing an increase in the Bank's total Capital to $188.2 million, up 26% over
December 2005.


Overall economic activity in the country continues to give an encouraging outlook for the final
.quarter of the year. Construction on our latest branch, Golden Gates, is well underway and we
expect the Branch to open to the public during the month of January 2007, thus closing out
another year of record financial performance with an extension of facilities to better serve the
public.

Our thanks are due to our customers and shareholders for their support, and of course our
dedicated and loyal employees whose efforts have brought us to the brink of being a $1 Billion
institution.





T. B Donaldso
Chairman


COMMONWEALTH BANK LIMITED
CONSOLIDATED BALANCE SHEET
(Expressed in Bahamian dollars) (Unaudited)


September 30, 2006 December 31, 2005


ASSETS
Cash and deposits with banks $ 27,826,464
Balances with Central Bank 46,1130,580
Government Stock, Investments and Treasury Bills 96,938,985
Loans Receivable (net) 783,527,193
Premises and equipment 28,971,650
Other assets 322,656
TOTAL $ 983,717,528

LIABILITIES AND SHAREHOLDERS' EQauITY
Liabilities:
Deposits $ 767,036,164
Life assurance fund 13,602,972
Other liabilities 14,795,483
Total liabilities 795,434,619


Shareholder's Equity:
Share capital
Share premium
General Reserve
Retained earnings
Total shareholders' equity
TOTAL


86,946,169
26,665,696
10,000,000
64,671,044_
188,282,909
$ 983,717,528


$ 18,293,048
42,124,748
75,178,536
692,160,244
25,473,421
746,642
$ 853,976,639



$ 680,330,551
10,816,097
13,383,934
704,530,582


62,772,505
21,725,325
10,000,000
54,948,227
149,446,057
$ 853,976,639


See accompanying notes to unaudited interim consolidated financial statements.




et;sCOMMONWEALTH BANK LIMITED r'
CONSOLIDATED STATEMENT OF INCOME
(Expressed in Bahamian dollars) (Unaudited)
3 months ending 3 months endil
September 30, 2006 September 30, 20


INCOME:
Interest income
Interest expense
Net interest income
Loan loss provision

Life assurance, net
Fees and other income


NON-INTEREST EXPENSES:
General and administrative
Depreciation and amortization
Directors' fees

NET INCOME

Preference Share Dividends


$ 26,986,221
( 8,378,369)
18,607,852.
( 2,579,858)
16,027,994
1,189,970
__4,066,882
21,284,846


9,596,732
592,869
43,375
10,232,976
11,051,870

( 1,482,215)


NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 9,569,655


AVERAGE NUMBER OF COMMON SHARES
(Thousands)
EARNINGS PER SHARE (3 months)



COMMONWEALTH. BANK LIMITED
CONSOLIDATED STATEMENT OF INCOME
(Expressed in Bahamian dollars) (Unaudited)


32,728

$ 0.290


$ 22,620,17
( 6,138,66
16,481,5'
( 3,348,0!
13,133,46
1,166,5(
4,491.4
18,791,4!


9,257,2
641,77
45,87
9,944,87
8,846,58

( 1,069,0:

$ 7,777,54

31,6'


9 months ending 9 months endi
September 30, 2006 September 30,20


INCOME:
Interest income
Interest expense
Net interest income
Loan loss provision

Life assurance, net
Fees and other income


NON-INTEREST EXPENSES:
General and administrative
Depreciation and amortization
Directors' fees

NET INCOME

Preference Share Dividends

NET INCOME AVAILABLE fO COMMON SHAREHOLDERS

AVERAGE NUMBER OF COMMON SHARES
(Thousands)
EARNINGs PER SHARE (9 months)


$ 76,687,548
(23,333,384 )
53,354,164
( 9,438,527)
43,915,637
3,435,909
12,039,017
59,390,563


28,495,477
1,779,295
130,125
30,404,897
28,985,666

( 3,612,228)

$ 25,373,438

32,728

$ 0.78 4


$ 63,874,850
(19,031,898)
44,842,952
( 6,949,264)
37,893,688
3,382,673
9,989,120
51,265,481


25,781,659
1,900,912
134,250
27,816,821
23,448,660

( 3,796,120)

$ 19,652,540

31,619

$ 0.62


COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN
(Expressed in Bahamian dollars) (Unaudited)


PREFERENCE SHARES
Balance at beginning and end of period
Redemption of Class "C" shares
Issuance of Class "C" & "H" shares
Balance at beginning and end of period

COMMON SHARES
Balance at beginning of period
Issuance of common shares
Balance at end of period

SHARE PREMIUM
Balance at beginning of period
Issuance of common shares
Stamp tax on share capital increase
Balance at end of period

GENERAL RESERVE
Balance at beginning and end of period
Transfer from retained earnings
Balance at end of period

RETAINED EARNINGS
Balance at beginning of period
Net income
Common share dividends
Preference share dividends
Balance at end of period


SHAREHOLDERS' EQUITY AT END OF PERIOD

COMMONWEALTH BANK LIMITED
ng CONSOLIDATED STATEMENT OF CASH FLOWS
05 (Expressed in Bahamian dollars) (Unaudited)

77 Sf
63 CASH FLOWS FROM OPERATING ACTIVITIES:
14 Interest Receipts
50) Interest Payments
64 Life assurance premiums received
66 Life assurance claims and expenses paid
69 Fees and commissions received
Recoveries
59 Cash payments to employees and suppliers

Increase in loans receivable
19 Increase in deposits
77 Net cash from operating activities
75
71 CASH FLOWS FROM INVESTING ACTIVITIES:
88 Purchase of Government Stock, investments
and Treasury Bills
39) Interest receipts and repayment of
Government Stock and Treasury Bills
49 Purchases of premises and equipment
Net cash from/(used) in investing activities
19
CASH FLOWS FROM FINANCING ACTIVITIES:
25 # Dividends paid
Proceeds from Issue of common shares
Redemption of Class "C" preference shares
Issuance of Class "C" & "H" preference shares
Stamp tax paid on share capital increase
Net cash used in financing activities
NET INCREASE/(DECREASE) IN CASH EQUIVALENTS
CASH EQUIVALENTS, BEGINNING OF PERIOD,
ng CASH EQUIVALENTS, END OF PERIOD
See accompanying notes to unaudited interim consolidated financial statements.


SHAREHOLDERS' EauITY
(restated)
9 months ending 9 months ending
September 30, 2006 September 30, 2005

$ 60,857,500 $ 60,990,700
1( 1,007,600)
24,125,000 869,400
84,982,500 60,852,500


1,915,005 1,877,009
48,664 20,134
1,963,669 1,897,143


21,725,325 17,884,478
4,940,371 .1,189,348
120,000
26,665,696 19,193,826


10,000,000

10,000,000


54,948,227
28,985,666
(15,650,621 )
( 3,612,228)
64,671,044

$ 188,282,909


10,000,000
S-
10,000,000


42,209,166
23,448,660
( 9,111,102)
( 3,796,120)
52,750,604

$ 144,694,073


9 months ending 9 months ending
september 30, 2006 September 30, 2005


$ 69,319,357
( 23,333,384)
7,143,348
( 2,068,171)
13,186,624
4,633,227
( 26,790,067)
42,090,934
(100,805,476)
86,705,613
27,991,071



( 77,490,735)

58,465,250
5,277,5241
L24,303,0091


( 19,262,849)
4,989,035

24,125,000

9,851,186
13,539,248
60,417,796
$ 73,957,044


$ 57,519,838
( 19,031,898)
6,539,424
( 1,071,363)
10,586,845
3,892,645
( 23,060,657)
35,374,834
( 64,387,126)
15,400,983
( 13,611,309)



( 66,397,456)

59,722,205
( 1,971,240)
( 8,646,491 )


( 12,931,360 )
1,209,482
1,007,600)
869,400
120,000
( 11,740,078)
( 33,997,878)
S_ 89.406,712
$ 55,408,834


COMMONWEALTH BANK LIMITED
NOTES TO UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
(Nine Months Ended September 30, 2006)
ACCOUNTING POLICIES
These consolidated interim condensed financial statements have been prepared in accordance with
International Accounting Standards 34 Interim Financial Reporting. The accounting policies used in the
preparation of the interim financial statements are consistent with those used in the annual financial
statement for the year ended December 31, 2005.

The consolidated financial statements include the accounts of Commonwealth Bank Limited ("the Bank") and
its wholly owned subsidiary companies. The subsidiaries are Laurentide Insurance and Mortgage Company
Limited, C.B. Securities Ltd. and C.B. Holding Co. Ltd.
BUSINESS SEGMENTS
For management purposes, the Bank Including its subsidiaries is organized into two major operating units -
Banking and Real Estate. The following table shows year-to-date financial information by business segment:


Banking revenue
Banking results
Real Estate revenue
Real Estate results


September 30, 2006
$58,384,228
$28,859,842
$1,006,335
$125,824


September 30, 2005
$50,305,790
$23,323,150
$959,691
$125,510


DIVIDENDS
The Directors have approved Interim quarterly dividends in the amount of 12 cents per common share (2005:
8 cents) and an extraordinary dividend of 12 cents per share. The total dividends paid as of the interim date
is 48 cents per share for common shares (2005: 29 cents). The dividends are declared on a quarterly
calendar basis.


THURSDAY, NOVEMBER 3, 2006, PAGE 9


III- -rr r-


I I I







PAGE 10, FRIDAY, NOVEMBER 3, 2006


THE TRIBUNE


LOC ALNEWS


PutJtr's kfunmral Pnom

& Qrematurium
Telephone: 393-2822, York & Ernest Sts.
P.O. Box N-712, Nassau, Bahamas



Mrs. Thelma
Fawkes, 86

of Shirley Park and
formerly of Weymss,
Long Island will be held
ofpSaturday, November
4 ,2006 at 11:00 a.m.
at St. Matthew's
2 Anglican Church, East
Shirley Street. Officiating
will be Rev. Dr. James Moultrie assisted by Fr.
Don Hayes. Interment will follow in St. Anne's
Church Cemetery, Fox Hill.

Left to cherish her memories are One (1)
Daughter: Jennifer Cates; One (1) Son: David
Fawkes; One (1) Son-in-law: John Cates; One
(1) Daughter-in-law: Gloria Fawkes; Four (4)
Grandchildren: Camille Bocus, Christopher
Cates, John Quentin Fawkes and Tiffany Cates;
One (1) Grandson-in-law: Robert Bocus; One
(1) Granddaughter-in-law: Laura Cates; Three
(3) Great-grandchildren: Daniela and Cai Bocus
and Ariana Cates; Five (5) Sisters: Sarah Culmer,
Clara Malone, Anna Fox, Angela Carroll and
Lillian Beaman; One (1) Brother: Edward
Knowles; Three (3) Brothers-in-law: Robert
Carroll, Carl Knowles and Graham Beaman; Two
(2) Sisters-in-law: Brenda and Elizabeth
Knowles; Special Friends: Rosamund and Violet
Knowles, Lammie & Pierre, Mrs. Loretta Burrows
and Mrs. Valerie Smith; and a host of other
relatives and friends including St. Matthew's
Church family especially The Social Services
and ACW'

Viewing will be held at the Chapel of Butlers'
Funeral Homes & Crematorium, Ernest & York
Streets on Friday from 2:00 p.m. until 5:00 p.m.

In Lieu offlowers, donations may be made to
St. Matthew's Day Care Center for the Aged or
the Long Islanders" Association.




KEMP'S FUNERAL HOME LIMITED

22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas





MRS. MARGUERITE MAY SANDS


' I
S '


of Cloister Drive, Paradise
Island; The Bahamas, will
be held at The Evangelistic
Temple, Collins Avenue,
Nassau on Monday, 6th
November, 2006 at 4:00
p.m.

Pastor Gary Curry will
officiate and interment will
take place in Ebenezer
Methodist Cemetery, East
Shirley Street, Nassau.


Law firm denies it was


required to submit mortgage


copy to

FROM page one veyanci
mortga
Smith's home, "Horizons." the sam
In the House of Assembly is not n
Wednesday night Immigration cuted a
and Labour Minister Shane Gib- execut
son vehemently denied that he veyance
had at any time received a $10,000 it was n
cheque payable to the Treasury shall to
at the home of Ms Smith. and (b)
In a statement issued yester- templal
day, Callenders accused Mr Gib- Ms Fei
son of using "the privilege of the would r
House to vilify the firm of Cal- which h
lenders & Co and two lawyers of. be born
the firm, Mr Michael Scott and Ms Ma
Miss Tracy Ferguson." pregnar
As a result, it said, it issued the tion and
following press statement to refute mortga
certain allegations made by Mr soon as
Gibson in the House late Wednes- the birt
day night. "Wl
"The Nassau Guardian report- was thi
ed this morning that Minister Gib- m6rtga
son said this firm should have be held
attached the mortgage agreement and unr
with Ben Thompson when it sent "Th
in the information for processing Depart
of Ms. Smith's permanent resi- copy of
dency application, the Mi
"In this regard the Minister is Depart
misleading the Bahamian public. which h
We attached to this release Form possess
IV of the Department of Immi- veyance
gration. It is the form which is "In
required to be completed by an son del
applicant for a Certificate of Per- zons (th
manent Residence. This form lists Ms. Fe
the documents to be submitted cheque
with the applications. The form payable
does not require the conveyance In effect
or the mortgage to be submitted Fergus
in support of the application. behavi
"Attention is drawn to Ques- Immig
tion 27 on the form. The, question untruth
asks: "Does the applicant own his "Th
own home in The Bahamas? 20th S
(Note: It is immaterial whether request
or not subject to mortgage)." guson r
"Callenders does not agree Marsha
that it was obliged to advise the made p
Department of Immigration that sury for
Ms. Marshall had agreed to exe- manen
cute a mortgage in favour of Mr That ev
Thompson as security for the ered th
monies advanced by him to pay who the
for the house. The Department's the che
own form states that whether the "The
house is subject to a mortgage or receive(
not is immaterial to its considera- senior
tion of the application for Pelma- Immigr
nent Residence. Ms Marshall had asking f
agreed to execute a mortgage over shall's i
the property in favour of Mr the offi
Thompson. The money for the been gi
home came from Mr Thompson. night 1
This was known to Ms Marshall, should
Mr Howard Stern, Mr Ben office t
Thompson, Mr Ford Shelley as Scott al
well as Mr Scott and Ms Ferguson firm ha
and other persons. from tI
"It must be recalled that at this gration
time Ms Marshall, Mr Thompson applica
and Mr Shelley were all very close The ofi
friends and at the time a spirit of copy o
mutual trust existed between would 1
them. Indeed, Mr Thompson was was fax
one of the persons who gave a same do
reference to the Immigration "Inm
Department on behalf of Ms Mar- clear th
shall and said in his letter that: .execut
"'The business dealings that I transac
have always been fair, honest and aborte
of the highest integrity. Many of Depart
our dealings were based only on a this fac
handshake.' "Th
"The mortgage was prepared become


Immi

same time as the con-
e. Whilst it is correct that a
ge is usually executed at
ne time as a conveyance, it
necessary for it to be exe-
t the same time. It was not
ed at the time the con-
e was executed because (a)
lot necessary for Ms Mar-
I execute the conveyance;
I it was never in the con-
tion of either Mr Scott or
xguson that Ms Marshall
not execute the mortgage
Lad been prepared. It must
ne in mind that in August
.rshall was eight months
it and under medical atten-
1 it was always felt that the
ge would be executed as
conveniently possible after
h of her child.
bat was understood by all
it until she executed the
ge, the conveyance would
i by the firm unstamped
recorded.
is firm did not give the
tment of Immigration a
the conveyance. It is for
minister to say how the
ment of Immigration, for
he is responsible, obtained
ion of a copy of the con-
the House Minister Gib-
lied that he was at Hori-
le house in question) when
irguson delivered.the
e for $10,000.00 made
e to the Public Treasury.
;t, the Minister accused Ms
son of unprofessional
iour by telling the
ration Department an
e fact is that on Tuesday,
eptember, 2006, at the
: of Ms Marshall, Ms Fer-
personally delivered to Ms
1ll at Horizons the cheque
ayable to the Public Trea-
r the payment of the Per-
t Residency Certificate.
'eiing Ms Ferguson deliv-
e cheque to Ms Marshall
en gave the envelope with
que to Minister Gibson,
e following day, Callenders
d a telephone call from a
official in the Ministry of
salon, "hTo called Mr Scott
or the cheque for Ms Mar-
Certificate. Mr Scott told
icial that the cheque had
ven to Minister Gibson the
before and the official
contact the Minister's
o see if it was there. Mr
so told the official that this
id yet to receive a letter
he Department of Immi-
advising the firm that the
tion had been approved.
icial told Mr Scott that a
f the letter of approval
be sent to him. The letter
ed to this firm at 7pm that
ay.
mediately after it became
at Ms. Marshall would not
e the mortgage and the'
tion would have had to be
d, this firm advised the
ment of Immigration of
t.
is firm does not wish to
e embroiled in a political


igration

fight. The grant of a Certificate
of Permanent Residence is a mat-
ter within the exclusive discretion
of the Government and the man-
ner and speed within which the
Department deals with any appli-
cation is not a matter with which
this firm.has any control.
"However, this firm denies that
it misled the Department of Immi-
gration and/or Minister Gibson.
This firm stood ready, willing and
able to answer any request for
information which would have
been made of them. Ms Ferguson
was aware that Minister Gibson
was on very friendly terms with
Ms Marshall. Ms Ferguson had
seen Minister Gibson at Horizons
on more than one occasion prior.
to the 20th September, 2006 when
the cheque was delivered to Ms.
Marshall at Horizons and given
to Minister Gibson.


Dept

"We are alarmed that Minister
Gibson would deny that he .
received the cheque from Ms
Marshall at Horizons. His denial is
simply not true.
"We told the Department of
Immigration the day after we
delivered the cheque to
Minister Gibson that we had done
so.
"The records of the Depart-
ment of Immigration or persons in
their employ would show how
they got. the cheque for the pay-
ment of the fee. It is a matter of
grave concern to the partners of
Callenders that Minister Gibson
would challenge the integrity of
our partners by denying that he
received the cheque at 'Horizons'
or that this firm in any way misled
the Department of Immigration
in granting the Certificate of Per-
manent Residence."


Baby food suspicions

FROM page one

which, he claims, may have come about as a result of supermarkets and
other stores seeking to make a quick profit by buying cheaper, expired
products to sell to unwitting customers.
I Mr Miller said that while doctors at first could not deterriiine the
cause of the six-month-old's illness characterized by symptoms
such as a high fever a question mark was soon cast over what the
infant had eaten.
It was at this stage that it came to light that a number of items the
baby's mother had recently bought were months out of date. These '
included jars of baby food, as well as milk formula. -
Mr Miller added that several other women have since approached
him identifying the same problem.
As the man in charge of the ministry responsible for food safety, Mr
Miller said he "will not tolerate" Bahamian's health being put at risk
by "negligent" businesses, and in the future, expects that safety could '
be guarded by checks being made of such products when they are
being offloaded at the dock.
"These babies are just as precious as other people," said Mr Miller, :'
who added that he "couldn't understand why" supermarkets would
knowingly put infants at'risk.
According to Mr Miller, teams have also been assembled to check -
family island food stores.


FROM page one

shot. The report stated that the
man had died at the scene. 1
The police said another per-
son, who lived in the s ame
house on Montall Street as the
dead man, was also shot. He
was taken to Princess Margaret
Hospital, but his condition was
not known at the time.
The report also stated that
shortly after the first incident,
police received reports of a
third person being shot. He was
shot in his right hand, and his
Honda Accord stolen.
About a block away from
where the Montall Street shoot-
ings had taken place, the police
said they received reports that
three dark skinned, armed men,
dressed in dark clothing and
wearing masks, had approached
another man and robbed him
of his Honda Accord. The man
was taken to the hospital. Police
did not have a report on his
condition.


Murder

Thq Honda Accord was
found a short time later in the
Charles Vincent Street area.
The deceased was identified
as Rowan Dickinson, 21, of
Montall Street.
A community leader from '.
Montell Heights, who spoke on
the condition of anonymity, said
that around 4am a neighbour
knocked on his door to inform ,
him off a tragedy in the
area.
The man said that when he -
got to the scene he saw a man,
who he knew as Hot Boy",
lying in a pool of blood on the '.
floor with stab wounds to the '
chest and a gun shot wound to .
the head. The man said that the '.
body was not moving. He dialed
919 to summon the police. .
Police said that the matter is -*
under active investigation.
This is the forty-fourth homi- \
cide for the year.


She was predeceased by her son, Gregory Wayde Sands
and her parents, Hencie L. Higgs and Dewitt W. Higgs;
she is survived by her husband, G. Wayde Sands; four
daughters, Debra Maureen Lamb, Denise Michelle
Albury, Deidre Margo Barr and Darlene Marla Smith;
four grandsons, Benjamin Wayde Albury, Dustin David
Lamb, Damian Gregory,C. Wells and Hunter Stone
Smith; seven granddaughters, Dawn Melissa Swan,
Kristen Linnae Albury, Candice Brooke Pinder, Ashley
Paige Barr, Taylor Dawn Barr, Destiny Amber Wells
and Madison Blair Smith; great-grandchildren, Deija
Albury and Raelin Swan;three sisters, Gwendolyn
Chilson, Essie Sweeting and Emily Roberts; three sons-
in-law, Danny Albury, Andrew Barr and Brad Smith;
two grandsons-in-law, Steve Swan and Micha Pinder;
one granddaughter-in-law, Carla Albury; five brother-
in-law, Jack Sweeting, Donald Sands, Robert Sands,
Billy Sands and Allan Albury; two sisters-in-law, Rosie
Higgs and Vadie Sands; other relatives and friends
including, David Lamb, Douglas Wells, Chris and Karen
Carey, Minerva Ash, Sandra Cooke, Dr. Kevin Moss,
Dr. Duane Sands, Nurses NOW, Physiotherapist and
other doctors who have cared for Mrs. Sands.

Instead of flower donations may be made to Teen
Challenge Bahamas, P.O.Box S.S.6754, Nassau in
Memory of Mrs. Marguerite May Sands.

Relatives and friends may pay their respects at Kemp's
Funeral Home Limited, 22 Palmdale Avenue on
Saturday from 11:30am to 1pm.

Arrangements by Kemp's Funeral Home Limited, 22
Palmdale Avenue, Nassau, The Bahamas.


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LOCAL RF Y M


FROM page one
negligent.
At the end of the day the
minister said that it should be
clear that Mr Scott and Ms
Ferguson should resign forth-
with.
' Mr Gibson criticised the
firm for not attaching the
mortgage to the conveyance.
However, item 27 of the 31
items listed as required to be
answered or included with the
application for permanent
residence, asks: "Does the
applicant own his/her own
home in the Bahamas? (Note:
It is immaterial whether or
not subject to mortgage)."
Nevertheless, Director of
Immigration Vernon Burrows
wrote a letter, dated October
25, to lawyer Tracy Ferguson
saying that the department
granted permanent residency
status to Ms Smith on Sep-
tember 11 based in part on
the "unqualified representa-
tions" that Ms Smith had
recently purchased a $1 mil-
lion home on the Easter Road
which she was renovating.
In light of this, Mr Burrows
asked Ms Ferguson to
respond to the allegations of
Mr Ben Thompson that he
was in fact the owner of the
home.
Also, in a letter to lawyer
Michael Scott, dated the
same day, Mr Burrows asked
wvhy Calendars and Co did not
disclose the "escrow condi-
tion of the arrangement"
between Ms Smith and Mr
Thompson.
Mr Burrows also asked that
Mr Scott explain what he
meant by "change of circum-
stances" in a letter he wrote
to Ministers Gibson and Vin-
cent Peet.
The letter, referred to by
the director and written by
.Mr Scott on October 24,
reads, "As there has been a
change in circumstances as a
result of the facts and matters
outlined in the attached copy
letter, we are therefore bound
to write to you and appraise
you of these developments so
as to enable you to take such
action that you may deem
appropriate in the circum-
-'stances."
The "attached copy letter"
explains that on August 11
the 'law firm -wrote to the
dicpanrtnment on iMs Smiith-
behalf for perindient resi-
dence based on the fact that


Shane Gibson


she had acquired real estate
in the Bahamas, exceeding
$500,000.
It said that Mr Ben Thomp-
son had entered into an
arrangement with Ms Smith
whereby "Horizons" would
be put in her name and she
would execute a mortgage to
secure his loan. This was done
to facilitate her wish to live
in the Bahamas.
The conveyance, the letter
said, which was in Ms Smith's
name was executed, but it was
held in escrow pending exe-
cution and delivery of the
security documents.


"Accordingly at the time
we wrote the above men-
tioned letter to the Depart-
ment of Immigration there
was a conveyance in the name
of Ms Smith albeit subject to
conditions," Mr Scott wrote.
However, the lawyer said,
Ms Smith denied her arrange-
ment with Mr Thompson and
as a result Mr Thompson
repossessed the house, which
is now vested in his name.
Mr Scott copied his letter
to the minister to the Director
of Immigration for "such
action as he may deem appro-
priate to the circumstances."


Callenders had said that it
did not know how the Immi-
gration department had
obtained a copy of the incom-
plete conveyance, because the
firm had not sent it to the
department.
Mr Gibson told the House
that he found that statement
puzzling as he had received
the conveyance after Ms Fer-
guson had recommended that
Ms Smith meet with him.
"I had never met Ms Anna
Nicole Smith until the third
week in August," he said.
"That was the first time I met
her in my life. Anna Nicole
Smith had a conversation with
Tracy Ferguson and they
asked her whether or not she


should meet with the minis-
ter.
"Now this is Tracy Fergu-
son speaking," Minister Gib-
son said quoting from Ms Fer-
guson's letter: "If a meeting
has been requested, Anna
should endeavour to meet
with the minister as soon as
possible."'
However, when the letter is
taken in context it was not Ms
Ferguson who had suggested
the meeting with the Minis-
ter. She was replying to a
question by Mr Stern as to
whether Ms Smith should
meet with the minister.
Ms Ferguson's letter, dated
August 23 and addressed to
Howard Stern, Ms Smith's


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The following companies will be closed for business on



Monday, 6th November, 2006


from 12:00 Noon and will reopen on


Tuesday, 7th November, 2006


so that the staff can attend the funeral service for


Mrs.


Marguerite Sands

(wife of Mr. G. Wayne Sands)


The Funeral Service will be held at 4:00p.m. at

Evangelistic Temple, Collins Avenue on

Monday, 6th November, 2006


Bahamas Bus and Truck Company Ltd.

Multi Discount Furniture

Multi Auto Parts


Sanpin Motors Ltd.


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Thanks to our valued customers for their kind understanding.

Please keep the family in your prayers
MANAGEMENT


lawyer-companion, confirmed
a conversation that the two
of them had had earlier that
day about Ms Smith's affairs.
They had discussed a meet-
ing with Minister Gibson,
obviously initiated by Mr
Stern. Under point 2 in her
letter Ms Ferguson wrote:
"2. Immigration Minister
and meeting with Anna:
"I am unaware of this. If a
meeting has been requested
Anna should endeavour to
meet with the minister as
soon as possible. He ulti-
mately is the person who can
expedite the processing of
her application. For this rea-
son a meeting would be excel-
lent."


FRIDAY, NOVEMBER 3, 2006, PAGE 11


,, I


THE TRIBUNE







THE TRIBUNE


PAGE 12. FRIDAY. NOVEMBER 3, 2006


6OCALNEWS


FROM page one

complete statistics than the documents provid-
ed by the minister.
This comes after repeated written requests to
the ministry all of which had previously been
ignored.
Of the records provided by the Minister, items
that seem to be missing are in the Millennium
Gardens subdivision, where contracts for houses
were issued for between $33,792 and $76,000.
For the houses numbered between, 72 and 76,
107 and 119, and 180 and 202, there is no record
of the contractor, or the amount. Altogether the
records for 44 houses are missing.
This suggests that there could be anywhere
from $1,486,848 to $3,344,000 unaccounted for.
For each house in question, the records simply
states: "No Ledger" or "Blank Ledger."
The housing contractors listed for New Provi-
dence and the Family Islands show a handful of
contractors who received a substantially higher
number of contracts to construct homes.
One contractor was awarded 40 homes. Three


FROM page one

Mr Thompson said he was
shocked when Ms Smith reneged
on their deal by failing to execute
a mortgage, saying he felt she had
double-crossed him and "there is
a possibility we were set up."
Mr Thompson is now resort-
ing to court action to evict Ms
Smith from the house and is
embroiled in litigation over own-
ership of the property. Originally,
he told her to be out of Horizons
by October 31.
At times during yesterday's
press conference, Mr Shelley
became emotional, especially
when he recalled Daniel Smith,
Ms Smith's 20-year-old son, who
died at her hospital bedside on
September 10.
And he stressed throughout
that causing further distress to
Ms Smith was not their objective
in flying to Nassau.
"This is not a very pleasant
moment for us and we don't want
to be here today," he said. .
But, based on what had hap-
pened, they felt they had to
defend themselves. "We have
been friends with Anna Nicole
for about a year and a half and
my entire family loves her, even
today," said Mr Shelley.
When she needed help in mov-
ing to the Bahamas .to escape
pressures, they stepped in with
the money for the house. But
their lawyers, Callendels, were
instructed from the outset to get a
mortgage commitment to be wit-
nessed by Howard K Stern, Ms
Smith's lawyer-lover, who claims
to be father of her seven-week-
old daughter.
Mr Shelley told how they visit-
ed Nassau briefly after Ms Smith
gave birth, then returned when
they heard of Daniel's death.
Wiping tears from his eyes, Mr
Shelley said how much his family
liked Daniel. "He spent Christ-
mas with us and I think it was the
best Christmas he ever had," he
said.
Subsequently, he had a con-
versation with Ms Smith and Mr
Stem and stressed that they need-
ed to get the mortgage finalised.
Mr Shelley alleged the first
mortgage document was ripped
up, with Ms Smith claiming the
house was a gift from Mr Thomp-


Housing contracts
others had 30 or more homes to construct, and six
others received anywhere from 23 to 28 homes for
construction.
The Tribune continues to receive information
on subdivision work, where allegations are being
made that in the past funds might have been mis-
handled.
Allegedly some contractors, who were paid to
develop subdivisions, its roads and sewerage sys-
tems, instead of purchasing fill to install the appro-
priate infrastructure and piping, actually obtained
the soil from Crown land and other areas through-
out New Providence.
Most of this activity was highlighted inadver-
tently when the Ministry of Agriculture revealed
that Crown land that it had leased for farming was
actually being "raped" by unscrupulous contrac-
tors who were in essence removing the fill from
the acreage, and re-selling it to government.
The Tribune will continue to research the doc-
uments it has obtained, and will update the pub-
lic on its findings in due course.


'Double-crossed'


son.
However, when he called her
later, she said: "I will make sure it
is done."
He flew back to Nassau and
she gave him her word that she
would execute the document.
However, "it did not happen," he
said.
He went home the next day
"and we had numerous conver-
sations and e-mail correspon-
dences in which she said she
would start making payments."
He said the family did not want
her to repay the money "the next
day" but were "looking at about a
year."
"But we needed a mortgage
signed for our protection," he
added. It was felt that would not
be too much to ask.
"She has never lied or hurt us
until this moment," he said, "To
say she owned the house is not
correct."
. He accepted that a deed was
prepared in her name, but it was
not a recorded deed. Documents
referred to'subsequently by her
lawyer, Wayne Munroe, as a basis
for their court action were not
recorded, he said.
However, he claimed a deed
had been recorded in Mr Thomp-
son's name. "We are not here to
try to cause any embarrassment
or hardship for this country," he
said. "We are here to protect.our
interest as an investor.
Anna has gone through a lot
emotionally and she is a good per-
son, but we don't have that kind
of money to give a million dol-
lars away."
Mr Shelley added that she
needed to know they still loved
her, but she had made a bad deci-
sion.
Mr Thompson and Mr Shelley
have now engaged Mr Emerick
Knowles of attorneys Alexiou
Knowles and Co to represent
them as Callenders are potential
witnesses in any future court
action.
Having perused the papers, Mr
Knowles said they were con-
vinced Mr Thompson had a firm
claim on possession of the prop-
erty and required Ms Smith to
vacate it.


Money for the property was
paid into Callenders' trust
account, and the law firm was
instructed to prepare a con-
veyance of deed in her name but
not to record the deed until the
mortgage was in place.
The original conveyance in her
name was dated August 9, and
the conveyance in favour of Mr
Thompson on October 5.
Mr Thompson said: "She does-
n't have a penny in this house."
And that included cash spent on
various upgrades.
Mr Knowles said he did not
feel Mr Munroe would get very
far with his action challenging Mr
Thompson's title, adding: "I am
confident of winning."

Defence

Force
FROM page one

mony yesterday-
Commodore Rolle, who is now
on pre-retirement leave,
expressed his gratitude for having
had the opportunity to serve his
country. "The knowledge gained,
experiences and comradeship will
remain with me for the rest of my
life," he said: Expressing a heart-
felt farewell to his colleagues and
friends Commodore Rolle said
he would leave a wiser man as a
result of his experiences in the
force.
Scavella,- only the third
Bahamian Commodore, to serve
in the office, humbly accepted the
"staggering task" and pledged
that he' would "never ever give
short weight to his responsibili-
ties."
."The honour that has been
conferred upon me is a great one.
That I should have been thought
worthy of this high distinction
arouses in me mixed emotions of
humility and profound gratitude.
"I realise the grave duties and
responsibilities. To take the oath
of office of commodore is always
a solemn occasion. The respon-
sibility of directing the affairs of
this great nation is never to be
taken lightly."


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FRIDAY, NOVEMBER 3,2006, PAGE 13


THE TRIBUNE


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subscribers with phone numbers
beginning with 35 1,352, 353, 373and 374.
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Hear from the Chairman and Executives of BTC
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Turkish man detained after firing


shots in air to protest papal visit


IE ISTANBUL, Turkey
POLICE detained a man who
fired shots into the air outside
the Italian consulate Thursday .to
protest this month's visit by Pope
Benedict XVI, and the suspect
told a TV reporter he wanted to
"strangle" the pontiff, according
to Associated Press.
Benedict is scheduled to visit
Turkey Nov. 28-Dec. 1.
"I don't want him here. If he
was here now, I would strangle
him with my bare hands," the
suspect, who identified himself
as Ibrahim Ak, 26, told a Dogan
news agency television camera-
man as he was detained by police.
"I fired the shots for God," Ak
said as he sat handcuffed'inside a
police van outside the consulate.
"Inshallah (God willing), this will
be a spark, a starter for Mus-
lims."
"God willing, he will not come,
if he comes, he will see what will
happen to him," Ak said.
It would be Benedict's first vis-
it as pope to a predominantly
Muslim country, only two months
after he provoked widespread
anger in the Islamic world by
quoting an emperor who charac-
terized the Prophet Muhammad's
teachings as "evil and inhuman."
Benedict has since expressed
regret for offending Muslims and
called for dialogue with Islam.
"That shameless, dishonorable
pope will not come to this coun-
try!" Ak shouted as police took
him to a nearby police station.
"I'm telling all Muslims he won't
come!"
Security guards and police said


the man fired at least two shots,
then tossed his gun into the gar-
den of the Istanbul residence of
the consul general, which is in
the same compound as the con-
sulate building. The state-owned
Anatolia news agency said the
gun jammed at one point.
"I'm a Turkish citizen, but
before that I'm a Muslim," Ak
said.
The Vatican's chief
spokesman, the Rev. Federico
Lombardi, characterized the inci-
dent as "an isolated fact, mar-
ginal, which won't have any influ-
ence on the preparations or cli-
mate surrounding the trip."
"This trip was long desired by
the pope," Lombardi told The
Associated Press in Rome.
He added that he expected
that details of the pilgrimage
would be made public in a few,
days.
The spokesman also referred
to a Vatican statement that
sought to play down suggestions
that Turkish Prime Minister
Recep Tayyip Erdogan was snub-
bing Benedict by attending a
NATO meeting abroad during
the pontiff's trip. The alliance's
Nov. 28-29 summit is being held
in RigaLatvia, and Erdogan had
not been expected to meet the
pope.
"A negative interpretation
from the Holy See's point of view
is not justified," Lombardi said.
The Vatican said it also was
told that, in the case of Erdo-
gan's absence, he "would be rep-
resented by another important
government official, the deputy
prime minister."


Some Italian newspapers saw it
as a slight to Benedict.
"Erdogan's Snub: The Turk-
ish Premier Will Avoid the
Pope," read a front-page head-
line in La Stampa.
"Say what you will.
"But from a Western point of
view, it is a snub," said a front-
page editorial in Rome-based II
Messaggero.
"It is obvious that Erdogan's
absence cannot be reduced to
simple overlapping of commit-
ments."
Turkish authorities were plan-
ning to increase security dramat-
ically during Benedict's visit, but
Thursday's incident is also likely
to prompt them to improve the .
security around Italian diplomatic
missions and interests in the
country.
An official at the Italian con-
sulate told Italy's Sky TG24 TV
that the ambassador was being
driven into the compound when
the man fired.
"He shot from far off, the shots
were not aimed at the ambas-
sador's car," the official, Enrico
Molinelli, told Sky.
The Italian news agency
ANSA quoted Italy's ambas-
sador to Turkey, Carlo Marsili, as
saying that he witnessed the inci-
dent, and that the man was
detained by Italian Carabinieri
paramilitary police as well as by
Turkish police,, guards. ANSA
quoted the ambassador as saying
the man was yelling, "Cursed be
Italy, I am Muslim."
Marsili said Carabinieri as well
as Turkish police were interro-
gating the man.


Available'froimCommercial News Providers


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EXECUTIVE DIRECTOR
The Bahamas Marine and Environmental Studies Institute

The College/University of The Bahamas seeks a dynamic and creative individual to
provide leadership in The Bahamas Marine and Environmental Studies Institute. The
Institute is intended to facilitate the discovery of knowledge about the marine and island
environment of The Bahamas and build on the solid foundation of research and monitoring
programmes. The mandate of developing specialised laboratory and field courses to
compliment the current Bachelor of Science degree courses at The College/University will
be a significant focus.

The Executive Director, reporting to the Vice President Research, Graduate Programmes
and International relations, has supervisory responsibility for the Institute, comprising
appointed faculty fellows. He/She will provide leadership in programme development and
research initiatives so as to take full advantage of The College/University location in a
small island state and year round access to the unique sub-tropical ecosystems of the
coastal, coral reefs, mangrove and sea grass communities in The Bahamas. Toward this
end, the Executive Director will work closely with administrators at the existing facilities
at The College/University field stations in San Salvador (Gerace Research Centre) and
Andros (The Bahamas Environmental Research Centre). Such engagements will include
the traditional academic initiatives as well as certificate and general environmental and
resource management outreach courses/programmes. In this regard, the Executive
Director, through the resources of the Institute and in collaboration with the School of.
-Sceeaoces.aHd,Technology, will assist with the development of a flagship multidisciplinary
degree programme in Marine Science. Efforts will also entail attracting researchers and
scholars with marine and related. interests as well aselocal, regional and international
students with exceptional academic credentials and future potential, demonstrating a
genuine interest in marine science. The Executive Director must have exceptional skills
in grantsmanship and the ability to develop collaborations to build long-term research and
monitoring initiatives that can help document and catalogue the ecological systems that
make up the Bahamian archipelago.

The College/University of The Bahamas is the national higher education institution of The
Commonwealth of The Bahamas. The institution grants mostly bachelor degrees and
some joint masters degrees in conjunction with other institutions. It has a student enrolment
in excess of 4,000 students located throughout the Bahamian archipelago. It has extensive
links with tertiary institutions in the Caribbean and North America and its credits are accepted
by more than 200 colleges and universities in those regions and in Great Britain. It has
embarked aggressively upon a major expansion of its programme offerings, research
activities and physical facilities and is incorporating e-learning methodologies into its
repertoire of strategies for delivering instruction, all with a view to attaining a charter as a
university by 2007.

The successful candidate must hold a doctorate in an appropriate field with a minimum
of eight to ten years experience at an accredited university, a proven research record and
have relevant work experience including appropriate supervisory level exposure.

Interested candidates should submit a College/University of The Bahamas Employment
Application, a Comprehensive Resume and up-to-date transcripts, giving full
particulars of qualifications and experience, along with three work references no
later than 13th October 2006 to:

Director, Human Resources, The College of The Bahamas
R 0. Box N-4912
Nassau, N. P, The Bahamas
Facsimile: (242) 302-4539
E-mail: hrapply@cob.edu.bs
Web Site: www.cob.edu.bs


S- - - - - -



rirmm-a-Tree



Department

is now open!


-11th, 2006 W aB I




Everything




Ch ristmas

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Kellys Hqyse&



SExcept on red tagged net items


THE TRIBUNE


PAGE 14, FRIDAY, NOVEMBER 3, 2006


GET THE DOORU







FRIDAY, NOVEMBER 3, 2006, PAGE 15


THE TRIBUNE


Haitians pack cemetery


for Day of the Dead


M PORT-AU-PRINCE, Haiti
BEARING rum, flowers and candles, thou-
sands of Voodoo followers flocked to Haiti's
largest cemetery on Wednesday to rouse sacred
spirits and remember lost relatives in raucous
Day of the Dead celebrations, according to
Associated Press.
Followers passed beneath a crumbling arch-
way adorned with a black skull-and-crossbone
flag that read "Everyone is welcome." As dark
rum flowed freely, they placed flowers and
candles at the graves of relatives while revelers
danced and sang to thumping music designed
to awaken Baron Samedi, the god of the dead,
and his mischievous offspring, Gede.
"I came to pour some rum, light my can-
dles and call the dead," said Delis Charles, a 39-
year-old Voodoo priest, or houngan.
Two-thirds of Haiti's 8 million people are
said to practice Voodoo, a blend of Christian
tenets and African religions brought over by
slaves. In 2003, Haiti's government officially
sanctioned the faith as a religion, allowing
priests to legally perform baptisms and mar-
.riages.
This year's Day of the Dead celebrations


come amid ongoing turmoil in the impover-
ished Caribbean nation, which is still strug-
gling to recover from a bloody February 2004
revolt that toppled former president Jean-
Bertrand Aristide.
"We're calling for peace now," Charles said,
as followers danced and chanted around him in
the huge municipal cemetery in Port-au-
Prince's downtown.
Voodoo followers integrated some Christian
rites into their practice before Haiti won inde-
pendence from slave-holding France in 1804.
The slaves, prohibited from practicing their
African rites, disguised their gods in the trap-
pings of Roman Catholic saints.
The Catholic church frowns on Voodoo and,
in the 1940s, tried unsuccessfully to eradicate
it.
Practitioners believe in a supreme, god and
spirits linking the human and the divine. Many
believe their spirits will return to Africa when
they die.
The bodies of slaves were buried without
ceremony.
Wednesday's festivities will continue into
the night with rowdy, CArnival-like street par-
ties that last until dawn.


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Visit our website at www.cob.edu.bs


AI' .a.:


. e WI.' VA


STAFF VACANCY
The College of the Bahamas invites applications for the following post:

Executive Director, Alumni Relations and Development
DIVISION: Office of the President
UNIT: Alumni Relations and Development
START DATE: December 1, 2006
JOB DESCRIPTION
SUMMARY:
Reporting to the President, the Executive Director, Alumni Relations and
Development is responsible for overall leadership and direction of the Alumni
Relations and Development Unit that will include fundraising and building alumni
participation and engagement for The College of The Bahamas. The incumbent
will be responsible for building the~foundation for major gifts, annual fund and
alumni relations programs which will serve the College now and into the future.
With a focus on identifying strategies and implementation plans for maximizing
gift revenue for the College, the incumbent will help to cultivate, solicit and steward
potential donors in supporting key areas of fundraising priority for the College
and for advancing the College's transition to university-status. Through the
development of targeted alumni programming and service to graduates, the
incumbent will help to reconnect graduates and strengthen their support of the
institution.
DUTIES AND RESPONSIBILITIES:
1. Provides strategic direction for the President's involvement in key fundraising
and alumni engagement activities including those involving alumni and special
events, and prospect and donor meetings.
2. Participates in the development of short and long range strategic planning
activities to realize fundraising and alumni engagement goals and objectives.
3. Develops and oversees the implementation ofprograms and projects to
promote alumni relations including providing strategic guidance and counsel
to the COB Alumni Association on the development and delivery of its
programs.
4. Plans and delivers high quality and strategic special events which serve to
strengthen alumni engagement and fundraising efforts.
5. Oversees the successful execution of key alumni events, receptions,
homecoming and reunion class programs which builds loyalty and promotes
the College in the lives of its graduates.
6. Directs, coordinates and ensures delivery on all COB fundraising activities
and provides guidance to the College community to ensure that individual
fundraising efforts are integrated, consistent with, and serve to advance the
College's overall mission, goals, and objectives.
7. Oversees the process of identifying, cultivating, soliciting, and stewarding
major donors and prospects including individuals, corporations, and
,foundations, through strategy based visits and other forms of direct personal
contact.
8. Engages senior management in furthering the advancement of alumni relations
and fundraising goals and assists in educating faculty and staff in respect of
the roles they can play supporting alumni and development generally.
9. Recruits and manages volunteers and provides them with leadership and
direction in support of the cultivation and solicitation of major donors and
prospects; coordinates volunteers' activities to ensure their integration into
the College's vision and goals.
10. Provides leadership and supervision to the Director of Alumni Relations and
the Development Officer and other staff in the Unit in ensuring that institutional
alumni relations and development goals and targets are met.
11. Represents COB at various community and business meetings including
externally to funding agencies.
12. Develops and manages related unit budgets.
KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
* Knowledge of program development; ability to plan, organize and direct
multiple programs and activities; ability to provide guidance and leadership
to staff
Ability to plan and implement promotional programs; ability to design, write
and edit promotional material is an asset.
* Ability to plan and execute a range of events.
* Exceptional interpersonal skills and the ability to interact effectively with
academic leadership, faculty, prospects, donors, and volunteers in a wide
range of roles
* Community relations skills and the ability to communicate and work effectively
within a diverse community
* Willingness and availability to travel extensively and to work extended hours
as necessary


* Prior knowledge of fundraising principles, methods, techniques and practices
is a definite asset.
The following statements are intended to describe the general nature and level
of work being performed. They are not intended to be construed as an exhaustive
list of all responsibilities, duties and skills required of the Development Officer.
MINIMUM JoB REQUIREMENTS:
Master's degree preferred: bachelor's degree acceptable with relevant
experience
Prior development experience would be highly valued
r Demonstrated ability to plan and strong communication skills
* Basic computer skills
Compensation is commensurate with qualifications and experience.
To ensure full consideration, interested candidates should submit a College
of The Bahamas Application Form, a comprehensive resume and a cover
letter of interest. To expedite the appointment procedure, applicants should
request that three referees send references under confidential cover directly
to the address listed below:
Human Resources Department
I The College of The Bahamas
Ground Floor, Administration Building
Thompson Blvd and Poinciana Drive
P 0 Box N 4912
Nassau, Bahamas
Email: hrapply@cob.edu.bs
Please visit our website at www.cob.edu.bs for more information about the
College and to access the College's Employment Application Form.


Prospective Applicants






Master 's Degree



Programmes
V' B'4 B-- .. .


rI- E.


41 LL



#7'n II;


Early Childhood and Elementary
Teaching
Special Education,


Applications for the two programmes
are now available in


the Graduate Programmes Office
Michael Hartley Eldon Complex
Thompson Blvd

U A


----- --( 1=~ II

in collaboration
with






WH EKE LOCSK
ct' .C) i id P m
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___ __ ___


rj














Iran test fires longer range missile


* TEHRAN, Iran
IRAN test-fired dozens of
missiles, including the Shahab-
3 that can reach Israel, in mil-
itary maneuvers Thursday that
it said were aimed at putting a
stop to the role of world pow-
ers in the Persian Gulf region,
according to Associated Press.
The show of strength came
as Iran remains locked in dis-
pute with the WestI over its
nuclear program, which Wash-
ington says is geared to pro-
ducing atomic weapons but
Tehran says is only for gener-
ating electricity. The maneu-
vers came three days after
U.S.-led warships finished
naval exercises in the Gulf that
Iran branded as adventuristt."


State television reported
that several kinds of missiles
were tested, and broadcast
footage of them being fired
from mobile launchers.
"We want to show our
deterrent and defensive power
to trans-regional enemies, and
we hope they will understand
the message," the head of the
Revolutionary Guards, Gen.
Yahya Rahim Safavi, said in,
a clear reference to the United
States, Britain and France,
who were among the six
nations that took part in the
Gulf maneuvers earlier this
week.
Iranian state radio said:
"The maneuver is aimed at
providing security in the-region
without the intervention of


trans-regional powers, which
are trying to justify their pres-
ence by portraying the region-
as convulsive."
In Israel, Infrastructure Min-
ister Binyamin Ben-Eliezer
said he was not surprised by
the missile tests, and warned
that to leave Iran unchecked
would pose a risk to the
world.
"Iran is following a direct
line after North Korea. There-
fore this problem is not Israel's
but that of the entire world,"
Ben-Eliezer said, referring to
North Korea's recent nuclear
test and its frequent launches
of long-range missiles.
Iran's Shahab-3 missile,
which can carrying a nuclear
warhead and is said to have a


Sidewalk Sale

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range of more than 1,250
miles, is believed to be based
on a North Korean missile
design, although Iran denies
this.
The Iranian missile tests
"should bother not only Israel.
It should bother the Arab
countries, Islamic countries,
the Gulf region, North Africa
and Europe. We are always
warning the world about this.
phenomenon called Iran,"
Ben-Eliezer said.
Iran already has held three
large-scale military exercises
this year. It often uses maneu-
vers to test weapons developed
by its arms industry.
.Safavi, whose elite Revolu-
tionary Guards conducted the
missile tests, said the maneu-
vers that began Thursday,
named "Great Prophet,"
would take place in the Gulf;
the Sea of Oman and several
provinces of Iran. He did not
specify how many troops were
involved.


State TV reported that
among the rockets fired was

"We want to
show our
deterrent and
defensive power
to trans-regional
enemies, and we
hope they will
understand the
message."

Head of the
Revolutionary Guards,
Gen. Yahya Rahim Safavi

the Shahab-2, which has a war-
head that can distribute 1,400
bomblets at the same time.
State radio quoted the air


force chief of the Revolution-
ary Guards, Gen. Hossein
Salami, as saying: "A large
number of advanced missiles,
different in range, warhead
and kind, were successfully test
fired at the same time."
The U.N. Security Council
is considered imposing sanc-
tions on Iran, which has
ignored demands that it cease
uranium enrichment, a process
that can produce the fuel for
nuclear reactors or material
for bombs.
Iran insists it does not seek
to produce nuclear weapons,
but only to produce its own
nuclear fuel.
The U.S.-led maneuvers that
finished Monday focused on
surveillance, with warships
tracking a ship suspected of
carrying components of illegal
weapons.
The nations that took part
were Australia, Bahrain,
Britain, France, Italy and the
United States.


.CABLE BEACH M

Monday SatBurday 9.uOra.m. to 6:00p.m.
MATTRESSES, LAMPS, WROI (;IIT IRON & BRASS BEDS.
PILLOWS, CUSHIONS, DI VETS. BED LINEN idI othe
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(rW6 H MATTP$SWS AM) Pl10ow ...V F 1
t:' S*W'' F4Ft3i Rtirv~''Nci


THE TRIBUNE


PAGE 16, FRIDAY, NOVEMBER 3, 2006











THE TRIBUNE


FRIDAY, NOVEMBER 3, 2006, PAGE 17


/---i--------


W H A T S


O N I N A N D A R O U N D NA S S A U


E M A I L : YDELEVEAUX@TRIBUNEMEDIA.NET -
PLEASE PUT "OUT THERE" IN THE SUBJECT LINE
PHOTOGRAPHS ARE WELCOME


MONDAY

* HEALTH

Alcoholics Anonymous, wishes to inform the public of its meeting times
and places: New Providence Community Centre: Mondays -
6pm to 7pm. The Kirk: Mondays 7:30pm to 8:30pm

Diabetes Directions a FREE diabetic support group meets the first Mon-
day of each month at 6:30pm at New Providence Community 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.

* CIVIC CLUBS

Toastmasters Club 3596 meets at the British Colonial Hilton Monday's at
7pm Club 612315 meets Monday 6pm @ Wyndham Nassau Resort,
Cable Beach Club 3596 meets at the British Colonial Hilton Mondays at
7pm.

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.


- p -5


TUESDAY


* HEALTH

Alcoholics Anonymous, wishes to inform the public of its.meeting times
and places: The Nassau Group, Rosetta Street: Tuesday 6pm to
7pm/8:30pm to 9:30pm.

The Cancer Society of the Bahamas meets at 5:30pm on the second Tues-
day 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 at Nas-
sau GymNastics Seagrapes location (off Prince Charles Dr). Doctor
approval is required. Call 364.8423 to register for more info.

* CIVIC CLUBS -

The Kiwanis Club of New Pr.-'... ren. m. M et er Tulc.id) tjl 3i lpm ii
the Holy Cross Community Centre, Highbury Park.

The Luncheon Pilot Club of Nassau meets every third Tuesday at Super-
Clubs Breezes, Cable Beach at 12:30pm. We invite all community minded
persons to attend.

Toastmasters Club 1095 meets Tuesday, 7:30pm @ C C Sweeting Senior
School's Dining Room, College Avenue off Moss Road Club Cousteau
7343 meets Tuesdays at 7:30pm in the Chickcharney Hotel, Fresh Creek,
Central Andros Club 7178 meetseach Tuesday at 6pm at the Cancer
Society of the Bahamas, 3rd Terrace, Centreville.

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

Kappa Alpha Psi Fraternity meets every second Tuesday, 6:30pm @
Atlantic House, IBM Office, 4th floor meeting room.

Alpha Phi Alpha Fraternity meets every first Tuesday, 6:30pm at the
British Colonial Hilton. Please call 502.4842/377.4589 for more info.


WEDNESDAY-

* PARTIES, NIGHTCLUBS
& RESTAURANTS

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

1 HEALTH

Alcoholics Anonymous, wishes to inform the public of its meeting times
and places: New Providence Community Centre: Wednesday 7pm to
8pm. The Nassau Group: Rosetta Street, Wednesday 6pm to 7pm /
8:30pm to 9:30pm.

FREE Health and Wellness Lectures are held the first Wednesday of every
month at 6:30pm at New Providence Community Center Blake Road. For
more information call 327.1660 or 327.2878. FREE Blood Pressure, Blood
Sugar and Cholesterol Screening.

The Cancer Society of the Bahamas' Support Group meets every Wednes-
day from 5:30pm to 7pm at Cancer Headquarters, two doors south of ZNS.
Cancer patients, survivors, their family members and friends are invited to
attend. Phone 323.4482


* CIVIC CLUBS

The Rotary Club of SouthEast Nassau meets every Wednesday from
1pm 2pm at East Villa Restaurant, East Bay Street. Alwaysan inter-
esting speaker and great fellowship. If you would like to attend our
meetings please send an e-mail to bruno.pletscher@gottardo.com or
kathyvsmith@hotmail.com.

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

International Training in Communication, Essence Club #3173 holds its bi-


THE public ismilned to "Degustation Paint,
Paste, Print" featuring the paintings, collages and -
printmaking of Lynn Parotti, Sue Katz and Holly
Parotti. Friday, November 3 from 6:30pm to 9:30pm
@ PopopStudios Gallery, Chippingham. The exhibi-
tion runs until Friday, November 10. Private viewings
by appointment, call 457-0122. For directions to the
gallery logon to www.popopstudios.com


monthly meetings on the 1st and 3rd Wednesday of each month at Doc-
tor's Hospital Conference Room.

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

The Kiwanis Club of Cable Beach invites the public to its regular weekly
meetings held every Wednesday at 7:30pm at the British Colonial Hilton.
Kiwanis is a worldwide service organisation dedicated to changing the
c.1,<.|J Ue lhiid. (! ice Commurii\ it a time.'

"" Scir I 11 n C.irns.iiium. L, N.aiue %i it. and Pc l t.i Z.... I- F .1-', W ednes-
.)i Ir. l'm.nili]-. 2 '.Ilpm it EjrriI Village Ranch, St aIlhln. Drive and
Columbus Avenue (Chippingham). Call (-142 356-2274 now to make Reser-
vations. Open to.all ages and groups Monday-Sunday from 9am 6pm.
Inquire about additional activities and programmes.

TM Club 2437 meets each Wednesday on the 4th floor of the Ministry of
Health, Meeting Street at 6 pm.


THURSDAY

* HEALTH

Free public health lectures featuring distinguished physicians are held at
Doctors Hospital every third Thursday qf the month at 6pm in the Doctors
Hospital Conference Room. Free screenings between 5pm & 6pm. For
more information call 302-4603.

Alcoholics Anonymous, wishes to inform the public of its meeting times
and places: The Nassau Group, Rosetta Street: Thursday 6pm to 7pm /
8:30pm to 9:30pm. The Kirk: Thursdays 7:30pm to 8:30pm

Pre & Post Natal Fitness Classes are being held 6:30pm Thursdays at Nas-
sau GymNastics Seagrapes location (off Prince Charles Dr). Doctor
approval is required. Call 364.8423 to register or for more info.

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

* CIVIC CLUBS

The Rotary Club of Nassau Sunrise has a breakfast meeting every Thurs-'
day morning at 7am at the British Colonial Hilton Hotel. (Fellowship
begins at 6:45am)

The Kiwanis Club of Over-the-Hill meets every Thursday at 8pm at the
Holy Cross Activity Centre, Soldier Road. Guests are welcome.

Toastmasters Club 3956'meets every first, second and third Thursday at
the Ministry of Health & Environment building on Meeting Street com-
mencing at 7:30pm. Everyone is welcome to attend.

TM Club 1600 meets Thursday, 8.30pm @ SuperClubs Breezes.

International Association of Administrative Professionals, Bahamas Chap-
ter meets the third Thursday of every month @ Superclubs Breezes, Cable
Beach, 6pm.

The recently established National Insurance Baord Retiree Association
(NIBRA), meets every fourth Thursday in the month, in the National
Insurance Board's (NIB) training room, Wulf Road office complex, at
6pm. All retirees are welcome.

The Rotary Club of West Nassau holds its weekly meeting every Thursday
at Choices restaurant on the campus of the College of the Bahamas. Fellow-
ship starts at 12:30pm, with the meeting held from 1pm to 2pm.


FRIDAY

* HEALTH

Alcoholics Anonymous, wishes to inform the public of its meeting times


and places: The Nassau Group, Rosetta Street: Fridays 6pm to 7pm &
8:30pm to 9:30pm. Sacred Heart Church Fridays @ 6pm to 7pm New
Providence Community Centre: Fridays @ 7pm to 8pm.


* CIVIC CLUBS

TM Club 9477 meets Friday, 7pm @ Bahamas Baptist Community College
Rm A19, Jean St.

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.

AMISTAD is a club which promotes the Spanish language and culture in
the community. Residents of the Bahamas who speak Spanish or are learn-
ing Spanish are invited to attend meetings on the third Friday of the
month during the academic year at 7pm in room 13 of COB's Tourism
Training Centre.

* CONCERTS

New The Nassau Music Society proudly presents Crispian Steele-Perkins
on Trumpet, accompanied by Leslie Pearson on piano in concert on Fri-
day, November 3 at Government House at 8pm. Interpreting: Henry Pur-
cell, G F Handal, W Mathias, F Mendelssohn and Leroy Anderson
Tickets are available from AD Hanna & Co, Deveaux Street, 322.8306,
and Star General Insurance on Marathon Road 393.5529


SATURDAY -

* ENTERTAINMENT

ABSOLUT Vodka presents "Find your Flavor" Saturday, November 4
from 8pm to lam hosted at the Nassau Botanical Gardens. This is a pre-
sentation of five flavours in the family of flavors (Raspberri, Vanilia, Cit-
ron, Mandrin, Apeach). Five flavours, five designers for five garden envi-
ronments, five djs, five entertainers, creating five unique moods. Absolut is
the most attractive brand in the Bahamas, come and experience Absolut
like never before and find your flavour..

* HEALTH

A. I^hl rAmnonymous, wishes to inform the public of its meeting timcs
and places The Na3S3al Group. Rosetta Street: Saturday mornings 10am
1.* l m ".-

Bahamas Diabetic Association meets every third Saturday, 2:30pm (except
August and December) @ the Nursing School, Grosvenor Close, Shirley
Street.

Doctors Hospital CPR and First Aid classes are offered every third Satur-
day of the month from 9am-lpm. Contact a Doctors Hospital Community
Training Representative at 302.4732 for more information and learn to
save a.life today.


* CIVIC CLUBS

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 Sat-
urday in an effort to encourage kids to cycle. Parents interested in register-
ing their children should contact organizers at jarcycling@gmail.com

The Rotary Club of West Nassau will hold a Fun, Run, Walk beginning at
6am at Arawak Cay, Saturday, November 18. Funds raised will benefit our
efforts to continue to assist various community projects.For further infor-
mation and details about the Fun, Run, Walk. Please contact Michael Hep-
burn at office telephone 322.8853 or e-mail: mhepburn242.com

* CONCERTS

New The Nassau Music Society proudly presents Crispian Steele-Perkins
on Trumpet, accompanied by Leslie Pearson on piano in concert on Satur-
day, November 4 at St Paul's Church, Lyford Cay at 8pm. Interpreting:
Henry Purcell, G F Handal, W Mathias, F Mendelssohn and Leroy Ander-
son
Tickets are available from AD Hanna & Co, Deveaux Street, 322.8306,
and Star General Insurance on Marathon Road 393.5529

* SPORTS

New The Bahamas Chess Federation announces that the Bahamas
Nationals begin on Saturday, November 4 at 1pm and continues on Sun-
day, November 5 at 2pm and on Tuesday, November 7 at 6:30pm at CC
Sweeting Jr High School.


IEEEM1.' SUNDAY J

* PARTIES, NIGHTCLUBS
& RESTAURANTS

Traveller's Rest Restaurant, West Bay Street, features special entertain-
ment Gernie, Tabitha and the Caribbean Express every Sunday from
6:30pm to 9:30pm.

* HEALTH

Alcoholics Anonymous, wishes to inform the public of its meeting times
and places: The Nassau Group,. Rosetta Street: Sunday 6pm to 7pm /
8:30pm to 9:30pm.


Send all your civic and social events
(attach pictures if possible) to
The Tribune via farx: 328.2398 or e-maik ydeleveaux@
tribunemedia.net Out there in subject line


"Th brwr of The Baaa"Pes epni


........... 1111 .11


"The brewery of The Bahamas"


Responsibly


Please









THE TRIBUNE


PAGE 18, FRIDAY, NOVEBER 3, 2006


C I P


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( Dennis


( Calvin & Hobbes)


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Contract Bridge

By Steve Becker

Better Safe Than Sorry


Avail











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if anything, can be done if the miss-
ing clubs are divided 4-1 or 5-0. And,
after giving this possibility sufficient
thought, you should realize that if
you take the proper preliminary
steps, you can overcome even a bad
club break.
Accordingly, you win the opening
diamond lead and draw trumps in
two rounds. Next you cash the K-A
of spades and ruff a spade. You then
cash the ace of clubs and exit with
the nine of diamonds.
It doesn't matter which opponent
wins the diamond. In the actual case,
East can't afford to take the trick
because, he would then have to yield
a ruff-and-discard, eliminating your
potential club loser.
But if West wins the diamond, he
is no better off. Regardless of which
club he returns, you merely play low
from dummy and automatically
,avoid losing a club trick. Any other
return by West gives you a ruff-and-
discard.
Note that the outcome would be
exactly the same if East started with
four or five clubs. He would presum-
ably win the diamond, but would
have no safe exit card.
Of course, if it turns out that the
clubs are divided 3-2, all your prepa-
ratory maneuvers will turn out to
have been unnecessary. But, as al-
ways, it's better to be safe than sorry.


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The
Target
uses
words in
the main
body of
Chambers
21st
Century
Dictionary
(1999
edition)


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 plurals
TODAY'S TARGET
Good 19; very good 29;
excellent 38 (or more). Solution,
tomorrow.


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CRYPTIC PUZZLE I *U4166
T 1 34 66~


ACROSS
3 Where, socially, a novice Is among
youngsters (5)
8 Plunges into low haunts (5)
10 Root out a bighead an unfeeling
type (5)
11 Set fire to a Continental bed (3)
12 Where sawing the Saracen's Head
off is possible (5)
13 One only relatively lazy? (7)
15 Quoted from an edict (5)
18 Maleofthe chimpanzee (3)
19 Myexclamation when exaggerating
my fees? (4,2)
'21 Speaks badly of mum, bless herl (7)
22 Hold on to your bag (4)
23 The place for fatheaded
old sheep? (4)
24 Wherein available little darlings leap
around? (3,4)
26 Unique method of traffic
management (3,3)
29 The Archers'only listener? (3)
31 Nice place to go for a date, one may
imagine? (5)
32 It enables oneto work at a trade with
timber (7)
34 Onthelevel,ir'sinthebookl(5)
35 Alias used by Kojak, always? (3)
36 Vegans can't stomach it (5)
37 Bravo for hire In a London
borough (5)
38 Errors in dress? (5)


Yesterday's cryptic solutions
ACROSS: 9, Impertect 10, Re-rout-ed 12, I-c(all)ed 13,
Strain 14, Getting 15, Worked out 17, Utter-most 18, R-
alm-ent 20, A-llud-E 21, Spat 24, Ma-linger 26, Tear-away
28, Aces 29, B-Idd-en 31, Starter 34, Down-right 36,
Scratches 38, Cat-fish 39, CA-ring 40, (to)W-re-n 41,
Serenade 42, Shelf life
DOWN: 1, Civil war 2, Appear (a pier) 3, Beetr-00-t 4, S-
tra-it 5, T-ran-quil 6, Bright idea 7, M-utter-S 8, Mer-in-o 11,
Agitate 16, Eyelid 19, I-rate 20, Air 22, Plant 23, Sa-V-ant
25, Going ahead 26, Tin (rev) 27, Had-dock 30, Detached
31, Springer 32, Re-sent-ed 33, Trained 35, Wit-her 36,
Stress 37, Her-M-it


WN
All-round medical treatment (5)
Vessel better seen in a bottle,
usually (7)
Retreat in a false-hearted manner (4)
Rail experts going in pairs (6)
Her son's a bit of a liar (5)


ACROSS
3 Wonderful (5)
8 Biscuit (5)
10 Navigation aid (5)
11 Policeman (3)
12 Lure (5)
13 Type of plant (7)
15 Charred bread (5)
18 Short sleep (3)
19 Tiny (6)
21 Perfect (7),
22 Vehicles (4)
23 Broken (4)
24 Milk powder (7)
26 Tenant(6)
29 Colour (3)
31 Anaesthetic (5)
32 Officer (7)
34 Correct (5)
35 Barrel (3)
36 Without (5)
37 Scope (5)
38 Commotion (5)


DOWN
1 Mother-of-pearl (5)
2 Relies (7)
4 Consumer (4)
5 Sensual (6)
6 Material (5)
7 Middle (5)
9 Enemy (3)
12 Bemoan (7)
14 Remunerate (3)
16 Foretell (5)
17 Molars (5)
19 Tower (7)
20 Climb (5)
21 Nationality(5)
23 Plague (7)
24 Shade of red (6)
25 Males (3)
27 Moral (5)
28 Antidote (5)
30 Proportion (5)
32 Clarified
butter (4)
33 Male sheep (3)


0 a0

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K Tribune >

Horoscope


E By LINDA BLACK


FRIDAY,
NOVEMBER 3
ARIES Mar 21/Apr 20
Don't change your way of operating I
to fit the needs of others, Aries. It
just isn't necessary this week, and
you may lose your personality,along -
the way if you do.
TAURUS Apr 21/May 21
Start spending quality time with your
family or you will miss some of the ,
memorable times along the way. Put'
work on hold for a while and concen-'-'
trate on your personal life.
GEMINI May 22/Jun 21
There's no need to make lavish pur -' -
chases and put on airs, Gemini.,','
People like you for who you are and '
not what you own. Don't worry
about keeping up with the Joneses.
CANCER Jun 22/Jul 22
There's no avoiding a blowout with ,
your spouse or romantic partner this
week, Cancer. You've done some-,
thing that just can't be forgotten. I ',-
could take a while for things to settle'. .
LEO Jul 23/Aug 23
Hold on tight, Leo, because this
week you're in for a wild ride. Just
when you thought your life was
getting boring, a few spicy events
will pop up to change your mind..
VIRGO Aug 24/Sept 22
Revel in the good news you will
receive on Friday, Virgo. It could be a
pay increase at work, or maybe an old
friend is stopping by for a visit.
Whatever the case, enjoy it.
LIBRA Sept 23/Oct 23
Stop living just in the present and-
start focusing on your future, Libra.',
Things may be working now, but
you can't always live by the seat of
your pants.
SCORPIO Oct 24/Nov 22
A personal venture brings you feel-
ings of accomplishment and satisfac-
tion, Scorpio. It's just what you
needed to get back on track and
focused in a more positive direction.
SAGITTARIUS Nov 23/Dec 21
Trouble seems to follow you this
week, Sagittarius, but you can turn
things around with the right attitude.
Keep smiling and suddenly you'll
find things will work out.
CAPRICORN Dec 22/Jan 20
You're being pulled in too many
directions, Capricorn, and you need
to tell some people you just can't han-
dle any more stuff. They'll under-
stand because you're a hard worker
AQUARIUS Jan 21/Feb 18
Domestic projects are at the fore-
front of the week, Aquarius. Even:
though you're not in the mood to,
tackle them, they cannot wait any
longer, so get started.
PISCES Feb 19/Mar 20
It might be a good idea to watch what'
you're eating, Pisces. Too much -
indulgence has left you a bit sodt-
around the middle.


I C H S S y L e n a r B a r e n-


John Nunn vJan Smeets,
Experience v Youth, Amsterdam
2006. Former olympiad gold
medallist Nunn retired from
tournament play last year on his
50th birthday. He is one of the
game's best writers, and his
Gambit company has published
several excellent instruction
books. A few weeks ago, Nunn
made a surprise comeback for
the veteran grandmasters
against a team of rising talent,
and although his overall total was
only 3.5/10, his win in today's
puzzle was the best finish of the
event White has already
sacrificed a knight to besiege
the black king, and his next turn
proved so dedsive that Black
immediately conceded defeat
What was White's winning
move?


8238
I.
1
II t
i a
Ij

H6
aa h
a b c r f I b


EONARoD BADEN


Chess solution 82381 Rh4I Resigns. ThethreatIs2
Qh7+8 3 Qh8+Nxh84 Rxh8 mate.If Nxh4 2 Ne7+ Q
orRxe7 3Qh7+Kf84Qh8 mate.
Mensa quick They contain UP, DOWN, LEFT and
RIGHT.
One possible wom ladder solution is WILT, welt,
felt, feat, flatap, FLOP.


DOM
1
2

4
5
6


7 Such poles can carry a lot (5)
9 By way of getting a first-class figure
as backing (3)
12 Where most emblems are seen In
outer Wallasey (7)
14 Eskimo name? (3)
16 Soldier's poor return for a
bit of duty (5)
17 Acts, but onlyon paper (5)
19 Tightly packed to send around to the
cathedral (7)
20 Little white house with no fridge (5)
21 Digs up something explosive (5)
23 A presumptuous striker? (7)
24 Colour of dad's phone (6)
25 Tedder made it, presumably (3)
27 Pearl's mum, similarly beautiful (5)
'28 At the brewing centre, subtly sips
something smoky (5)
30 Cries of "Osman the Terrible" (5)
32 Dad's right in support (4)
33 Though it sounds less good, the
meaning's all right (3)


Yesterday's easy solutions
ACROSS: 9, Elsewhere 10, Peaceful 12, Tiff 13, Escape 14,
Creator 15, Springbok 17, Imperfect 18, Nurture 20,
Scenic 21, Epe 24, Bone idle 26, Satchels 28, Opts 29,
Scampi 31, Bewitch 34, Accordion 36, Destroyer 38,
Crimson 39, Casino 40, Oral 41, Rehearse 42,
Observers.
DOWN: 1, Jettison 2, Ask for 3, Sensible 4, Remark 5,
Appetite 6, Match point 7, Meteors 8, Lustre 11, Brother
16, Nausea 19, Roost 20, Sue 22, Pilot 23, Shower 25,
Dictionary 26, Ski 27, Monarch 30, Manacles 31, Business
32, Harmless 33, Prosper 35, Crimes 36, Despot 37,
Yorker.


i-i


South dealer.
Both sides vulnerable.
NORTH
*A74
0Q 10 8 3
*A2
+Q954
WEST EAST
J82 4 Q 10963
V95 V64
*KQ 10 4 *J8753
+J 10 7 6 +2
SOUTH
*K5
VAKJ72
+96
+AK83
The bidding:
South West North East
1 V Pass 3V Pass
4+ Pass 4* Pass
6 V
Opening lead- king of diamonds.
Assume you're declarer at six
hearts and West leads the king of dia-
monds. How would you play the
hand?
Obviously, you have to lose a dia-
mond; there is simply no way around
it. That's the bad news. The good
news is that if the opposing clubs are
divided 3-2, as they will be two-
thirds of the time, you have no other
losers.
As a careful declarer, however,
you should also be considering what,


I


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K>^96


I







FRIDAY, NOVEMBER 3, 2006, PAGE 19


THE TRIBUNE


NOVEMBER 3, 2006


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

Issues Round- Washington McLau hlin Rockies by Rail n (CC) Grace Kelly: The American
0 WPBT table discussion. Week (N) A Group N) (CC) Princess n (CC)
(CC)
The Insider (N) Ghost Whisperer A ghost asks Close to Home Annabeth's team in- NUMB3RS Don and his team must
0 WFOR (\ (CC) Melinda to help find her daughter, vestigates the a father's murder dur- determine whether terrorist activity
who she claims needs help. (N) ing a school function. (N) (CC) is causing blackouts. (N)
Access Holly- 1 vs. 100 One contestant battles Las Vegas Ed returns from his Mo- Law & Order "In Vino Veritas" Po-
O WTVJ wood (N) (CC) 100 to win $1 million. (N) (I (CC) roccan trip with shocking news lice pull over a drunken celebrity in
about his past. (N) n (CC) bloodstained clothing. (N)
Deco Drive Vanished The New World" Marcy Trading Spouses: Meet Your New News (CC)
WSVN struggles with developments involv- Mommy The mothers continue to
ing Judge Rainer. (N) adjust to their new lives.
Jeopardy! (N) Grey's Anatomy "Let the Angels 20120 (CC)
13 WPLG (CC) Commit" Cristina scrubs in for the
"humpty dumpty" procedure.

(:00) CSI: Miami CSI: Miami When a hotel's pool boy CSI: Miami A man is murdered in CSI: Miami "Money for Nothing"
A&E 48 Hours to Life" is murdered, 3 vacationing house- his home, while his wife and son are Men steal $2.3 million from an ar-
(I (CC) wives are suspected. (CC) left beaten and bound. (CC) mored truck in downtown Miami.
Hardtalk Extra BBC News World Business BBC News The Survivor's BBC News World Business
BBCI (Latenight). Report (Latenight), Guide to Sur- (Latenight). Report
vival
BET Hotwyred (CC) Movie Comicview (CC)
C C This Hour Has Royal Canadian Rick Mercer Re- Jozi-H Dr. Jara is called upon to ful- CBC News: The National (CC)
CBC 22 Minutes (CC) Air Farce (CC) port (CC) fill a long-standing obligation.
CNBC :00) On the National Heads-Up Poker Champi- Mad Money The Big Idea With Donny Deutsch
Money onship From Las Vegas. (CC)
CNN (:00) The Situation Room Larry King Live (CC) Anderson Cooper 360 (CC)
Scrubs Turk tries The Daily Show The Colbert Re- Chappelle's South Park Big Comed Central Ron White: They
COM to get more time With Jon Stew- port (N) (CC) Show (CC) Gay Al becomes Presents (CC) Call Me Tater
off. art (N) (CC) troop leader. Salad
COURT Cops f (CC) Under Fire Under Fire Forensic Files Forensic Files Forensic Files Forensic Files
COURT "Within a Hair" "Crime Seen"
Hannah Mon- Hannah Mon- *s HIGH SCHOOL MUSICAL (2006, MusicaltComedy) Zac Efron, Hannah Mon-
SDISN tana n (CC) tana (N) ( (CC) Vanessa Anne Hudgens, Ashley Tisdale. Students conspire against two tana n (CC)
teenage singers. n (CC)
This Old House DIY to theRes- DIY to the Res- ClassicCCar Classic Rides Tricked Out
DIY n (CC) cue cue Restoration Restoration
DW Quadriga Journal: EuropaAktuell Journal: In Euromaxx Journal: Quadriga
DW Tagestema Depth Tagestema
E The Daily 10 (N) Dr. 90210 "Always Be Repaired, Simon Cowell: The El True Holly- The Soup (N) Janet Jackson:
E! Eh?" Repairing a breast implant, wood Story Simon Cowell. (CC) Exposed
NBA Shoot- NBA Basketball Cleveland Cavaliers at San Antonio Spurs. From the AT&T Center in San NBA Basketball
ESPN around (Live) Antonio. (Live) (CC)
Gol ESPN: NBA Basketball Cleveland Cavaliers at San Antonio Spurs. From the AT&T Center in San SportsCenter -
ESPNI Fuera de Juego Antonio. (Live) (CC) Intl. Edition
iEW TN Daily Mass: Our The World Over Life Is Worth The Holy Rosary The Catholic Crash Course in
EWT Lady Living Vote Catholicism
.FIT TV 00) Cardio Ten Years Younger "Ten Years Ten Years Younger "Let's Get Ten Years Younger "Face Off" Face
,r I V Blast n(CC) Younger: Cold Turkey" (CC) Physical" Exercise regimes. (CC) and skin treatments. (CC)
FOX-NC Fox Report- The O'Reilly Factor (Live) (CC) Hannity & Colmes (Live) (CC) On the Record With Greta Van
Shepard Smith Susteren (Live) (CC)
FSN FL BCS Breakdown FSN Pro Football Preview Best Damn Sports Show Period Around the FSN Pro Foot-
FSNFL (Live) (CC) Track: Preview ball Preview
GOLF Post Game Show (Live) PGA Champions lip Highlights Vi- Big Break All-Star Challenge Big Break All-
G Lr jay Singh. Star Challenge
GSN Lingo (CC) Who Wants to Be a Millionaire rl Chain Reaction Starface (CC) High Stakes Poker (CC)
(CC) (CC)
f-G4Tech (:00) Attack of Star Trek: The Next Generation Star Trek: The Next Generation The Man Show A look back at the
the Show! (N) 'The Neutral Zone" (I (CC) "The Child" n (CC) year's highlights. (CC)
(:00) Walker, Walker, Texas Ranger The ** ALEX & EMMA (2003, Romance-Comedy) Kate Hudson, Luke Wil-
- HALL Texas Ranger Rangers'battle with the Ortega son, Sophie Marceau. Premiere. A struggling writer falls for his stenogra-
(CC) brothers moves to Mexico. (CC) pher. (CC)
Opening Soon A Place in the Sun "Curacao, A Place in World's Most Relocation, Relocation "Vicky and
HGTV- by Design 1 Caribbean" f (CCI France Extreme Homes Ray" CoupleAvants a.B&B.
ILL i. ..--
INSP Iorris Cerullo Breakthrough Jay Sekulow Inspiration To- Life Today iC'i This Is Your Day The Gospel
INSP (CC) day (CC) Truth
Reba "War and My Wife and According to According to Friends Ross is Everybody Everybody
KTLA Peace" l (CC) Kids "Bahamas" Jim "The Chick Jim Couple in attracted to his Loves Raymond Loves Raymond
(CC) Whisperer" (CC) bidding war. ( cousin. n (CC) "Moving Out" Debra's mother.
Still Standing Reba Van de- Reba Kyra de- ** A DATE WITH DARKNESS: THE TRIAL AND CAPTURE OF AN-
LIFE "Sill'i Hocing" n cides to shave fends her sister's DREW LUSTER (2003, Docudrama) Jason Gedrick, Marla Sokoloff. The
(CC) his head. (CC) honor. n Max Factor heir is brought up on rape charges. (CC)
MSNBC (:00) Hardball, Countdown With Keith Olber- MSNBC Documentary MSNBC Documentary
MSNBC (ccj mann
I ClKl SpongeBob Avatar: The Last Mr. Meaty n Catscratch ) The X's n (CC) Full House "Mad Fresh Prince of
NICK SquarePants n Airbender Money" Bel-Air
TV (:00) NUMB3RS 1 vs. 100 One contestant battles Las Vegas "Died in Plain Sight" (N) News [ (CC) News
V Longshot" (N) 100 to win $1 million. (N) 11 (CC) ) (CC)
NASCAR Racing Busch Series-- NASCAR Racing Craftsman Truck Series -- Silverado 350. From Texas Motor Speedway in'
.SPEED o'Reilly Challenge Qualifying. Fort Worth, Texas. (Live)
Primary Focus Behind the Jordan Rubin Joel Osteen Dr. Frederick K. Praise the Lord (CC)
TBN Scenes (CC) (CC) Price (CC)
Everybody The King of The King of *** SHANGHAI NOON (2000, Comedy) (PA) Jackie Chan, Owen Wil-
TBS Loves Raymond Queens Life Queens Veiled son, Lucy Liu. A Chinese guard arrives in 181 Nevada to rescue a
"Golf for It" n Sentence" (CC) Threat" n (CC) princess. (CC)
Take Home Chef What Not to Wear "Dara" A woman What Not to Wear "Jeannie PR" Cover Shot A Cover Shot
TLC (N) who dresses for comfort gets a Jeannie, 37, is constantly surround- college student "Amy" (N)
fashion makeover. (CC) ed by children. (CC) and mother. (N)
(:00) Without a *** DRUMLINE (2002, Comedy-Drama) Nick Cannon, Zoe Saldana, Orlando Jones. Ri- * DRUM-
TNT Trace "Shattered" valry between two drummers threatens a college band. (CC) LINE (2002) Nick
n (CC) Cannon.
TOON Home for Imagi- Class of 3000 (Series Premiere) (N) Squirrel Boy (N) Life & Times of Class of 3000
nary Friends Juniper Lee
TV5 Thalassa Askoy II Le Voilier de Jacques Village en vue
ST Storm Stories Abrams & Bettes Full Force Na- It Could Happen Weather: Evening Edition (CC)
ITWC (CC) nArref(N) (CC) Tomorrow
(:00) Heridas de La Fea Mis Bella Lety es una niil Mundo de Fieras (N) Casos de la Vida Real: Edici6n
UNIV Amor (N) dulce, romantica e inteligente, pero. Especial
apenas atractiva. (N)
(:00) Law & Or- Law & Order: Special Victims Unit Law & Order: Special Victims Unit House n (CC)
< USA der: Criminal In- n (CC) a (CC)
tent n (CC)
VH/ (6:30) The Fla- The Flavor of Love Flav and the Ice-T's Rap Breaking Bona- Hogan Knows Hogan Knows
VH vor of Love A twenty ladies reminisce. A School (N A duce A Best A Best A
v. Outdoor Adven- Dangerous Off the Hook Bull Riding PBR.
VS. tures Game(CC)
(:00) America's * THE LONGEST YARD (1974, Comedy) Burt Reynolds, Eddie Al- America's Funniest Home Videos
SWGN Funniest Home bert, Bernadette Peters. Convicts take on guards in a no-holds-barred* A (CC)
Videos A (CC) football game. (CC)
Everybody WWE Friday Night SmackDown! (N) n (CC) CW11 News at Ten With Kaity
WPIX Loves Raymond Tong, Jim Watkins (CC)
Debra's mother.
WSBK .Joardy!(N) Dr.PhiI (CC) Jeopardy!(CC) News Frasier "Juvenil- Frasier Frasier


(:00) Inside the **' UNLEASHED (2005, Action) Jet ii, Bob Hoskins, Morgan Free- The Wire "Unto Others" Omar calls
HBO-E NFLf (CC) man. A blind man teaches an enslaved fighter humanity, A 'R'(CC) in a favor. n (CC)
S*** BEVERLY HILLS COP (1984, Comedy-Drama) :15) **' BEVERLY HILLS COP 11(1987, Comedy) Eddie Murphy,
HBO-P Eddie Murphy. A Detroit cop goes west to avenge his udge Reinhold, Brigitte Nielsen. A Detroit cop tangles with a vicious gang
friend's death, n 'R' (CC) in Caliomia. A 'R' (CC)


(6:15) * THE WALKOUT (2006, Docudrama) Alexa Vega, Michael Pefa, Efren Inside the NFL n (CC)
HBO-W PERFECT MAN Ramirez. Chicano high-school students protest injustices in 1968. A
(2005) 'PG'(CC) (CC)
HBO S (6:00)*** Band of Brothers A (CC) (:15) Big Love "Easter" Bill's house- (:15) **** MILLION DOLLAR
HBO-S FEARLESShold becomes more crowded,. BABY (2004, Drama) Clint East-
(1993) 'R' (CC) (CC) wood. A 'PG-13' (CC)
(6:15) OP- (7:50) *** IN HER SHOES (2005, Comedy-Drama) Cameron Diaz, *t DIE HARD (1988, Action)
MAX-E ERATION DELTA oni Collette, Shirley MacLaine. A sexy partyer clashes with her serious- Bruce Wilis, Alan Rickman, Bonnie
FORCE minded sister. A 'PG-13' (CC) Bedelia. A 'R' (CC)
(6:45) * U.S. MARSHALS (1998, Crime Drama) *s THE JACKET (2005, Science Fiction) Adrien Brody, Keira Knight-
MOMAX Tommy Lee Jones. Sam Gerard gets caught up in an- ley, Kris Kristofferson. An amnesiac has flashbacks and visions of the fu-
other fugitive case. n 'PG-13' (CC) ture, n 'R' (CC)
(6:55) SAHARA (2005, Adventure) Matthew Mc- Weeds "Pitts- Weeds "Pitts- Masters of Horror "Family" (iTV)
SHOW Conaughey. iTV. Adventurers search for a Confederate burgh" Silas dis- burgh" Silas dis- Strange neighbor. (N) A (CC)
ship in Afnca 'PG-13'(CC) appears. appears


FINAL ENCONTER HE HAING (204, orr1 ) Brd Dori, hlAn
tnWhali. 1 TR CC at a spooky mansion. 'R (CC)


UATK IUWN (i2004) Rwaing Cur-
tis. Bloodthirsty vampires threaten a
suburban family. 'R'


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Enjoy Great Food, Prizes and Lots of Fun.



i'm lovin' it


AS SFi 01. T Q ? .COMICVIEEW'
&SHATTHEAPOU










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THE 4EAVY ERS OF NEW YORKCOME

SAT, NOVEMBER 4TH, 2006

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FRIDAY, NOVEMBER 3, 2006



SECTION. -


-Th UTiwbEune11 B
^*^^u^^u^^^^^m


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business@tribuneniedia.net


Miami Herald Business, Stocks, Analysis, Wall Street


; GUARDIAN
Insurance & Investments
t, Build a Better Life
Telephone 242-393-1023


Babak under fire P rt Authori


over unpaid loansPort Authorit


By NEIL HARTNELL
Tribune Business Editor
HANNES Babak, the Grand
Bahama Port Authority's chair-
man, failed to disclose that he
was in dispute with Fidelity Bank
& Trust over an alleged $800,000
his employment in June 2006,
and has allegedly used the posi-
tion "to further his own inter-
ests", Supreme Court documents
filed yesterday claim.
An affidavit filed by attorney
Christopher Cafferata, one of the
three executors for the late
Edward St George's estate,
alleged that Mr Babak was being
sued by Fidelity for defaulting
on an unpaid $800,000 loan,
*'-' "which he has refused to repay".
"Although these matters
occurred prior to June 2006, at
no point did Mr Babak make the
executors aware of the possibili-
ty of these proceedings," Mr Caf-
ferata's affidavit said.
"Mr Babak's-involvement in
the above matter is likely to
cause embarrassment and diffi-
culties for Port Group Ltd
(PGL) and the Grand Bahama
Port Authority (GBPA)."
The affidavit was filed as sup-
porting documentation to a
*.*. Supreme Court action launched
yesterday by the St George
estate and Caroline St George,
which is seeking to first restrain
Mr Babak from any role in the
Port Authority's executive affairs
and management, and then force
his removal.
The action is also challenging
Sir Jack Hayward's claim that he
-,' owns 75 per cent of the Port
Authority and Port Group Ltd.
:.1 The Tribune understands that
: MrBabak is countering Fidelity's
allegations by saying that the col-
lateral for the loan was part of
his stake in the publicly-quoted
Freeport Concrete. He is insist-
ing that this was sold to Fidelity
to repay the loan, but Fidelity is
denying this.
Meanwhile, the estate has
relied heavily on the evidence of
Charles Gillis, a former Port
Group Ltd director who resigned
earlier this year, for its allega-
tions against Mr Babak.

Mr Gillis's affidavit, sworn on
November 1, alleged:
S* That Mr Babak tried to 'per-
suade Lady Henrietta St George
to sell her pre-emptive rights to
Sbuy further shares in Grand
... Bahama Power Company to a
company owned by him or in
which he had a stake.
"Mr Babak further planned to
use these shares to gain control
or influence over GB Power and
'extract profits' from it by selling
fuel to GB Power at an artifi-
cially inflated price or buying
electricity at an artificially
reduced price. Of course this
would have the effect of preju-.
dicing the interests of the other
shareholders in GB. Power
(including Lady Henrietta)," Mr
Cafferata said Mr Gillis's affi-
davit recorded
"Alternatively, Mr Babak
planned to persuade Lady Hen-
rietta to sell her interest in GB
Power at a reduced price, so as to
enable Mr Babak to purchase
GB Power shares cheaply and
influence in GB Power. I can
confirm that Lady Henrietta was
indeed conidlerinii the sale of
some such shares at this time."
Again drawing on Mr Gillis's
evidence, Mr Cafferata alleged
that Mr Babak planned to force
Grand Bahama Power Company
to favour his outside cement
company by allowing the latter
to generate its own power, con-
trary to the power company's
exclusive licence.
And Mr Gillis further alleged
that Mr Babak planned to "pres-
Ssurise" a Port Authority licensee
to leave land in Freeport Har-
bour so his cement company
could use it.
:* And, finally, Mr Cafferata
'' alleged that Mr Babak had bro-
kered the $35 million sale of the
Uniroyal Plant on West Sunrise
SHighway without receiving the
approval of Port Group Ltd's
Shareholders.
Ever since his appointment as
..' Port Authority chairman in June
--- 2006, Mr Babak has been caught
in a firestorm of conflict of inter-
est allegations, given his private
business interests in Freeport
S- Concrete, the Home Centre and
H & F Babak Construction. He
.' has since sold the latter, although
SFreeport sources.are sceptical


about whether it has been per-
manently divested, due to the
five day timeframe in which it
was sold.
Mr Cafferata recounted a tele-
phone conversation between
Lady Henrietta's brother-and fel-
low estate executor, the Earl of
Euston, and Sir Jack, in which
the latter had been asked if he
was prepared to.end the rela-
tionship with Mr Babak.
"The Earl of Euston said to
Sir Jack Hayward that since Mr
Babak's appointment, Mr Babak
has managed to upset everybody
in the Bahamas, communications
with the Government of the
Bahamas have ceased, and Mr
Babak had not deigned to tell
the Earl of Euston or Sir Jack of
Mr Babak's financial problems
with Fidelity Bank and Trust
during the negotiations with
him," Mr Cafferata alleged.
"Patty Bloom then interrupt-
ed and said Mr Babak had done
so on Tuesday, October 17. The
Earl of Euston lamented to Sir
Jack Hayward that the compa-
nies had become unmanageable
because of Mr Babak's unsuit-
ability....
"Since June 2006, Mr Babak
has occupied a position as, chair-
man of PGL and GBPA, and
sought to exercise management
control of those companies. This
has been done in the context of
ongoing negotiations as to the
terms of his engagement, in
which Mr Babak has not
engaged in good faith.
"The executors have become
increasingly concerned that Mr
Babak was not acting in the best
interests of the companies, and in
particular that he was acting in a
manner oppressive and prejudi-
cial to the St George interest.
Further, the executors have
(since June 2006) become aware
of certain issues which raise seri-
ous questions as to Mr Babak's
integrity and suitability to man-
age the companies...-
"The plaintiffs therefore seek
the removal of Mr Babak from
his position with the companies
and the appointment of a new
chairman.to run the companies,
with a receiver to be appointed
to operate the companies in the
meantime. In addition, the Plain-
tiffs seek an order for an investi-
gation into the management of
the companies by Mr Babak
since June 2006."
. Mr Cafferata's affidavit con-
firmed that Mr Babak
approached Lady Henrietta and
Sir Jack in March 2006 with an
offer to purchase Intercontine-
natl Diversified Corporation
(IDC), the holding company for
both the Port Authority and Port
Group Ltd, from the two fami-
lies.
This was rejected, but after
Julian Francis's removal, talks
over his replacement were
allegedly led by the Earl of
Euston, Sir Jack and Derek Har-
rington.
Yet the employment agree-
ment was never signed, and Mr
Cafferata alleged that Mr Babak
has been unwilling to negotiate
its conclusion.
In addition, Mr Cafferata
alleged that Mr Babak, along
with his attorney, Gregory Moss,
who is now also acting for the
Hayward family, and Peter
Adderley made a secret
approach 'to Caroline St George
and offered $26 million to buy
out her interest in the estate.
"The executors have only
recently learnt of the approach
made by Mr Babak, Mr Moss
and Mr Adderley," Mr Caffera-
ta alleged
"They are astonished that Mr
Babak should have seen fit to
attempt to clandestinely arrange
for a purchase.of an interest in
the estate in patent violation of
his duties of good faith and fair
dealing toward the estate ,and at
a time when he was purporting
to act as chairman and director
of its principal asset, while Mr
Moss was apparently counsel to
GBPA and Sir Jack Hayward."
Mr Cafferata further alleged
that Mr Babak had excluded the
St George estate and executors
from involvement in Port
Authority affairs, withholding
information from them.
He also claimed that Mr
Babak sought to have legal
actions launched against Port
Group Ltd and the Port Author-
ity, in which his attorney Mr
Moss was representing the other
side, settled to allow the latter
to become the Port's outside
counsel.


owners implode


* By NEIL HARTNELL
Tribune Business Editor
T he almost 40-year
business relation-
ship between the
St George and
Hayward families
came to an end yesterday, their
long-standing friendship suffer-
ing an "irretrievable break-
down" that has prompted the
late Edward St George's estate
to initiate a Supreme Court
action against Sir Jack Hay-
ward.
The originating summons,
filed yesterday by the estate's
three executors, including Lady
Henrietta St George, who. were
joined as plaintiffs by Edward's
daughter, Caroline, targets two
particular issues Sir Jack's
claim that he owns 75 per cent
of the Grand Bahama Port
Authority (GBPA) and Port
Group Ltd, and Hannes
Babak's alleged actions and
position as the Port's chairman.
The summons is seeking a
court order to remove Mr
Babak from his post, and to
restrict him from acting in any
managerial or executive capac-


Long-standing business relationship ends in

acrimonious legal battle, as St George estate

seeks Babak's removal, further .undermining

Freeport's viability


ity at the Port, Authority. Both
he and Sir Jack are named as
defendants, along with the Port
Authority and Port Group Ltd,
and Cayman-domiciled Fidu-
ciary Management Services.
The Supreme Court action
has "completely collapsed" the
business relationship between
the two families, who collec-
tively own the entire share cap-
ital of the Port Authority and
Port Group Ltd, the latter of
which is the holding vehicle for
stakes in assets such as the
Grand Bahama Development
Company (Devco).
The breakdown will further
damage the Port Authority, and
Freeport's business and inest-
ment climate, which it has
responsibility for as the city's
quasi-governmental authority.


And it adds to the already
shaky foundations upon which
the Port Authority's licensees
and residents are standing,
bystanders as the battle engulf-
ing the body.charged With'
Freeport's governance and
development plays out.
The start, of legal action will
make it increasingly difficult for
the Government to maintain its
largely non-interventionist
stance, and will lead to renewed
pressure for the Port Authori-
ty's licensing, regulatory, gov-
ernance and developmental
obligations to be devolved to a
Local Authority', as provided
for by the Hawksbill Creek
Agreement.
This would prevent the busi-
ness and governance. of:
Freeport from being paralysed.


as the dispute over the Port
Authority's ownership plays
out.
Fred Smith, the estate's attor-
ney, who is working with co-
counsel Damien Gomez, told
The Tribune yesterday after-
noon: "The irretrievable break-
down means there means they
can no longer conduct business
as partners, because the good
faith and mutual trust between
them has completely evaporat-
.ed..The business relationship
has completely collapsed."
Given that his clients felt Sir
Jack's and Mr Babak's actions
had "severely prejudiced" their
50 per cent stake in the Port
Authority and Port Group Ltd,

SEE page 4B


Bahamas gives 25% income rise for Butterfield

'm.neiX LO eLeII (I 10ri d d.n n llwhi- f y


SBy NEIL HARTN I ELL
Tribune Business Editor

BANK of Butterfield's Bahamian sub-
sidiaries generated a 25 per cent rise in
2006 third quarter net income, bolstering
this to $0.5 million compared to $0.4
million the previous year, due to increas-
ing trust and fund administration fees.
Butterfield Bank (Bahamas), the pri-
vate banking and wealth management
arm, and Butterfield Fund Services
(Bahamas), combined to generate a 35
per cent revenue rise in the three


months to aeptemoer 3m, 2UU6, grow-
ing this to $2.3 million from $1.7 mil-
lion.
In a statement, the Bermuda-head-
quartered bank said its Bahamian oper-
ations saw a 122.6 per cent rise in net
interest income.
Total assets increased by 55.5 per cent
to $125 million "as a result of increased
customer deposits, which now total
$110.2 million, and the loan portfolio,
which grew by 126 per cent to $12.2 mil-
lion".
Alan Thompson, Bank of Butter-


dlfu s group presniuct anau cmei exeCcu-
tive, praised the "strong performances"
seen from its Bahamian operations and
those in other jurisdictions.
Bank of Butterfield entered the
Bahamian financial services market in
August-September 2003; with the pur-.
chases of Thorand Bank & Trust and
Leopold Joseph's Bahamian subsidiary.
The two were merged to form Butter-
field Bank (Bahamas).
Then, in early,2004, the bank acquired
Deerfield Fund Services, re-naming this
as Butterfield Fund Services (Bahamas).


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I - r =- I-I I I I







THE TRIBUNE


PAGE 2B. FRIDAY. NOVEMBER 3, 2006


Handle the media right


to


'release'


firm success


ONE of the traditional ways of
approaching the media with your
story is by press release. A press
release is a letter you send to the
press with information about your
news story. Normally it is sent on
its own, but you can also send
photos and small samples with it.
Journalists are fussy people and
want their information presented
in.a certain way, so make sure to
construct your press release prop-


early. You can Google 'press
release' and find many examples
on how to set them out properly.
The bin is where the majority of
press releases end up. So, here
are some tips to help you write
that perfect release that will be
picked up by the media.
Type the release on your let-
terhead, which should have your
company name and contact
details.


Type 'PRESS RELEASE' at
the top of the page, bold it and
centre.
Underneath, write the date of
the release. However, if you do
not want the release to be used
before a certain date (say June
16), then you can embargo it by
writing NOT FOR PUBLICA-
TION OR BROADCAST
BEFORE 16 JUNE.
Underneath, write a catchy


NOTICE
Notice is hereby given of the loss of Bahamas Government Registered Stock


Certificate as follows:

Stock Interest Rate Certificate


BGRS
2011-2019 0.4(

I intend to request
certificate is found,


5875%APR


No.
58060


Maturity
Date
2019


The Registrar to issue a replacement
please write to P.O. Box CB-12838,


.. (C. .....


.... .. ,. .
^ ^ *;. ,,\Jt : I r A *
(^*^^H^^^^^iL. )~h *" ief R^ *.1 ^^^H*fe^^^^~P iiC y^^^^^**


presents...


Sharon F

.UTHOR :: THE SKI


Selecti
Minister's Book Club
September Decemb


Focus: Bahamian Writers

Read with me...

Children
Around the Archipelago:
Literary Treasures From A,.
Edited and Cornpil-d by Li
Liesl Wright

Youth
The Debbie Ferguson Stor
By Gordon Mills

Adult
Moment of eshlirr,
By David Forbes

Meet the authors..


Amount

$8,000.00

certificate. If this
Nassau, Bahamas.


lake

IN I'M IN


ions

er 2006






r The Bahamas.
nda Collie, An .-nui a Snl-i i


y Born to Run


P 4aiIahk Lipon r,?.LiS) for crlPri-'" *"LncC.- ]I I c d
As.PmrIly Bok Cluib nmeriIng i ter.E.-.l, D.; eni.,

Contact us...
Mrs Sherry Duncombe
Minister's Book Club Co.',rinjtor- u
Ministry ot EdUni'i.-in, Siene n. Te-hnoi;
P O. eo'. i' .13114
TeepfiF-on, 502 -8251, 392?-?811
Fax: 32 -212 9 or .:23 -970



^'^^^^ ShiaaaS^'1^^^


heading that captures the essence
of your release, bolden it, centre it
and underline it.
The first paragraph will be your
introduction. Keep the informa-
tion short and sweet. Explain who,
what, where, when and how, so
that the journalist picks up quick-
ly what your story is about. Try
and write it as a news story and
not an advert. Keep the impor-
tant info at the top, as journalists
tend to edit from the bottqm up,
and often rewrite the conteTt.
Make sure you type the release
in double space, so the informa-
tion is easy for the journalist to
read.
Add some quotations from
either yourself or others to make
a point, and add extra informa-
tion.
Add a concluding sentence,
1 which sums up the situation.
At the end of the release, write
your contact name and telephone
number in case the journalist
wants to call you.
If you send photographs, make
* sure you don't send colour photos
to publications that print in black
and white. Make sure you caption
your photo by putting a label on
the back, stating the date and
headline of your release, with a
quick explanation of what the
photo is about, including names of
people in it, with your business
contact details. Attach the photo
to the press release with a paper


Business
Sense



clip to stop it from becoming
detached. Try not to ask for sam-
ples or photos back as this will
probably irritate the journalist.
So, now that you have written
your release and are ready to send
it, how do you make sure that it
will be used? Here are some tips.
First, to increase the chances
of your story being used, try and
make your news story interesting
by:
Inventing interesting angles
to your story.
Taking good pictures.
Getting a celebrity, or VIP,
involved.
Making it exclusive to a single
publication. The downside is that
if it isn't used, you will have to
run it again later with all the oth-
er publications.
Second, make sure you meet
the deadline for submission.
Remember, journalists are busy
people, juggling impossible dead-
lines, so respect their time. If the
deadline for inclusion of a story is
3pm, make sure you get your
press release to .them in good
time.
Third, target your releases to


the correct media. Journalists will
not respect your company if yoiu
just send your information willy-
nilly to everyone. Take the time to
build up a list of correctly target-
ed physical and e-mail addresses
to send your releases to. Subscribe
to one of the PR Media directo-
ries for this information.
Finally, make sure your release
coincides with a time that the
newspaper or magazine is hungry
for news. If you study your news-
papers long enough, you will
notice what days their editions are
a little thin.'
The downside of PR is that
there is no guarantee that your
press release will be used. You
may have the best story, present-
ed beautifully and sent to the
press on time, then they.don't use
your story. This could happen for
several reasons:
The editor may decide the
story is not interesting enough for
their readers
There may be lack of space in
that particular edition
A rhfajor news story breaks,
such as September 11
It may appear at a later date
and not the date you wanted
There is no harni in you con-
tacting the journalist and asking
him or her why they did not run
the story. There may be a simple
explanation that will help you get
it right the next time.
Don't be an antipreneur and
make the following mistakes:
You submit a badly. written
release with long, rambling sen-
tences, single spaced, without the
date, or business contact details
Worse still, you forget to write
a press release
You submit a boring story, or
poorly thought out angle to the
story
You forget to send it in time
for publication
You sent it.to the wrong pub-
lications with the wrong audience
Press releases are the bread and
butter of PR. Marketing your
business is an important area and
S111if require constant effort. So, in -
order to avoid the trap of
antipreneurship, make sure you
spend time on getting press releas-
es right, as this could pay large
dividends for your future business
success.
NB: Adapted from his upcom-
ing book, Antipreneurship And
How to Avoid It, Mark draws on
20 years'of top level business,
marketing and communications
experience in London and the
Bahamas. He is chief operating
officer of www.ezpzemail.com,
currently lives in Nassau, and can
be contacted at markalex-
palmer@mac.com
Mark Palmer. All rights
reserved


.4 ... ..- '' .;


4 unit apartment complex comprising 4,298 sq ft of living space
The building is located on Lot 6 Block 1, Maliboo Reef Court, Freeport,
Grand Bahama with a gross area of 36,743 sq ft.

For conditions of sale and any other information, please contact:
The Commercial Credit Collection Unit
at: 502-0929 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 November 30, 2006.


Premnium


Chicken



100% Sandwiches


I'itm lovin' if


* C
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- 4 -


WINNING BAY
AOACO, ttMA5MA
Has a vacancy for a
Sales & Marketing Project Director:
-Responsible for onsite coordination of sales, sales administration and
marketing.
-Achievement of targeted sales volume and maintaining inventory.
-Develop future(MVCI experience preferred) managers and implement
--se developed'progran
-Implementation of tour efficiency and building of strong team values
---Forecast and budget annual sales targets.
-Ensure communication, between personnel and others
-Excellent communication, listening and organizational skills
-Strong leadership skills'
-Minimum 5 years 'marketing vacation ownership
-Minimum 5 years marketing in management of sales, marketing and for
administration
-College degree preferred, but not required.
Please Send Resumes to:'

Attn: HR Director
The Abaco Club on Winding Bay
P.O. Box AB2057
Mash Harbour, Abaco
or
Fax: 242-367-0077


I


I USNES







FRIDAY. NOVEMBER 3, 2006, PAGE 30


THF TRIBUNE


Businesses suffer major losses




from Blue Hills road repairs


* By CARA BRENNEN
Tribune Business Reporter
BUSINESSES in the Blue
Hills and Harold Road area
yesterday reported that they are
still reeling from the road
repairs, with one store owner
saying his company's losses
have run into millions of dol-
lars.
The multi-million dollar road
repairs have been going on for a
year this month, and have been
an on-going source of frustra-
tion for motorists, business own-
ers and residents, who claim
that it has caused massive traffic
jams and a confusing system of
detours in the area.
It is this system that Kenuth
Knowles Jr, the owner of
Kenuth's Electrical Supply, says


has crippled his business.
"We've lost millions of dol-
lars," he said. His store, which is
located across from Yellow
Elder Park, is now only accessi-
ble by a side road, which he said
is not used by his clients.
Sometimes they miss the
corner, and before they drive
all the way round and come
back, they just go somewhere
else," Mr Knowles said.
He added that the road
reconfiguration has resulted in a
lot of traffic accidents in the
area.
"The traffic is ridiculous," he
said.
Mr Knowles added that the
company has had to lay off
some staff and place others on
half days.
Lambert Rahaming, opera-


tor of the Esso Service Station
on Blue Hill Road and Harrold
Road, told The Tribune this gas
station had lost 50 per cent'of its
business and, because of the
road works, cannot sell gas.
He said that as a result of this,
his business has had to let some
staff go.
Basically," he said, "we had
to downsize and keep the peo-
ple who could multi-task, like
if someone could cash, serve
food and pump gas."
Mr Rahming said that
although the convenience mart
is still able to sell goods, it was
very difficult for his customers
to actually get there because of
the road works.
- Mr Rahming said business
persons in the area were hurting
as a result, adding that they had


I INVESTMENTOPPORTUNJITY


Commercial Building located Toote Shop Corner & East Street
The property comprises 1,876 sq ft.

For conditions of sale and any other information, please contact:
The Commercial Credit collection Unit
at: 502-0929 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 November 30, 2006.

' * .


*


' discussed the possibility of
banding together and forming
an association.
Cost Rite, another store
which had previously reported
it, too, had lost revenue (10-15
per cent of sales), yesterday
reported that it was seeing a


rebound in sales.
Gavin Watchorn, president
of Abaco Markets, its parent
company, noted that Cost Rite
has seen an increase in business
now that the roadworks in their
immediate area has lessened.
Begun in November of last


year, the road construction pro-
ject includes improvements at
Blue Hill Road and a new
roundabout at the intersection
of Robinson Road and Blue
Hill Road. Officials at the Min-
istry of Works have said the
project is in its final stages.


aUBS

UBS (Bahamas) Ltd., a leading international wealth manager, is seeking to employ a suitable candidate as:
Head of Wealth Management Credit Risk Control

The successful candidate will be responsible for:
Maintaining credit facilities'
Analysis of counter party risks including settlement, trading and cross border risk
Collateral assessment & monitoring
Transaction investigation

We are searching for an individual with broad experience in credit risk management who meets the
following requirements:
Proven track record and familiarity with service orientated Offshore bank
Credit Services to High Net Worth Clients
Analytic approach to Credit Risk management Transaction Control

Product & Process Knowledge:
Detailed understanding of collateralized loan products and documentation requirements
Ability to assess new credit-linked products and processes Strong Legal and Compliance background
Knowledge of Operations and IT-Systems
In-depth understanding of OTC and Exchange Traded derivative instruments .

Professional behavior
Ability to bring together and assess information from a range of sources
Effective workload prioritization and meeting of deadlines
Capacity to work under own initiative with little supervision
Methodical and independent approach to forming opinions and arguments
Good communication skills
General risk awareness with expertise/focus on credit risk and analysis

Education and Certification:
Bachelor's degree in Accounting, Finance or Economics from a recognized and accredited educational
institution.
Minimum of 5 years Credit Risk experience essential
t Local regulatory certificates an advantage
Interested persons should reply on or before November 16, 2006 to:
hrbahamasC(dubs.com
or
UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas






C-ITCO

.Mo'ing Fand Seri'e FFOjafi


Citco Fund Services is a division of the Citco Group of Companies and is the largest independent
administrator of Hedge Funds in the world with ol'lices in Curacao, Amsterdam, Dublin, London,
Luxembourg, Miami, New York, Toronto, C3% nun Islands, the British Virgin Islands, the Bahamas,
Bermnnuda, San Francisco and Sydney. The division provides full service administration to over 2,000 Hedge
Funds for multinational banks and international Investment Managers, totaling over $300 billion in net
assets.






As part of our (iluinucd expansion, in our office in Bahamas, we are looking for a number of motivated
;ind pro-;cirliu

(Senior) Fund Acciountains

who are capable of preparing financial reports, in an international and dynamic environment, for our clients
who consist of international investment managers and institutional investors within those Hedge Funds.
The Fund Accountant is the main contact for the investment managers, advisors, shareholders and third
parties, as appropriate.

Your most important tasks and responsibilities are:
preparing periodical financial reporting for the Hedge Funds, including the determination of "Net
Asset Value" and preparing the Statement of Assets and Liabilities and Profit and Loss Statement
maintaining contact with Investment Managers, Investors, Banks and Brokers
rnoitori i-g of irregularities and developments through ad-hoc reports
handling paymenttransactions
liaising with international clients and other Citco Offices worldwide, to ensure that client needs
are met

The successful candidates should meet the following criteria:
a CPA or CA designation, a CFA candidate or another equivalent professional qualification
affinity with investment instruments and figures
a team player, able to cope with individualresponsibilities
highly accurate and excellent communication skills
working experience in the financial area or at an accounting firm is an advantage

We offer you: a challenging job iii a rapidly expanding international company, with an informal company
culture. You will have the opportunity to broaden your job specific knowledge with excellent prospects for
a further international career in one of our worldwide offices.

If you are interested in this opportunity, please send your curriculum vitae and covering letter via e-mail at
the latest on November 15"', 2006 to: Citco Fund Services (Babnmas) Ltd., att. Managing Director
(brbahamnas@citco.com). You can find more information about our organization, on our website:
www.citco.com. 1 1


A VACANCY


A manufacturing entity located on the western tip of New
Providence, is presently seeking the following:

POSITION: PACKAGING SUPERVISOR

DUTIES:
1. Supervise and train Packaging staff.
2. Ensure that the daily production targets are met within the set
quality standards.
3. Ensures proper packaging of Brewery's products.
4. Assist Technicians with their operational difficulties and problems.
5. Ensure that all assigned administrative duties are completed
on a daily basis.
6. Ensure that the visual product quality is according to
specification.

MINIMUM REQUIREMENTS:
1. Associate Degree and or equivalent with GCE/BGCS Maths,
2. English and in one of the sciences.
3. Knowledge of word processing and spreadsheets.
4. Must be mechanically oriented.
5. Must have excellent administrative and human relation skills.

THE IDEAL CANDIDATE:
1. Must be a team player that is willing to support the efforts of the
team or any team member.
2. The successful applicant should be able to act on his or her
own initiative with no supervision.
3. Must be one that takes the initiative to find new opportunities, improvements
or methods and acts on them.
4. Must have good communication skills
5. Must be willing to work shifts.


A competitive salary, performance related compensation, career related training
and a competitive .employee benefits package are all available to the successful
candidate.

Interested persons should submit a current resume and cover letter to the
address below no later than
Wednesday. November 8th. 2006:

Human Resources Manager
Commonwealth Brewery Limited
P.O.Box N-4936
Nassau, Bahamas
Fax: 1-242-362-4793









PAGE B, FRDAY.NOVEMER 3,2006THEITIBUN


Port Authority, from Page 1B


Mr Smith said they were seek-
ing a court order declaring that
one party had to sell its shares
in Intercontinental Diversified
Corporation (ICD) the Cay-
man-based holding company
that owns both entities to the
other.
Essentially, they want an
order requiring either the St
George estate to buy out Sir
Jack and become the 100 per
cent owner, or for Sir Jack to


buy them out.
At a morning hearing before
Supreme Court Justice John
Lyons, the St George estate
applied for and was granted an
order requiring Fiduciary Man-
agement Services, the compa-
ny at the centre of Sir Jack's 75
per cent ownership claim, "to
pay the estate all monies that
have been withheld from the
trustees over the last couple of
weeks".


Legal Notice

NOTICE


MYCENE HOLDINGS LIMITED


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 29th day of September 2006. The Liquidator is
Argosa Corp. Inc. P.O. Box N-7757
Nassau, Bahamas.






ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE


HETULA VALLEY LTD.


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 5th day of October 2006. The Liquidator is
Argosa Corp. Inc. P.O. Box N-7757
Nassau, Bahamas.






ARGOSA CORP. INC
(Liquidator)- ''i



Legal Notice

NOTICE


WOODBARK LIMITED




Notice is hereby given that in accordance with
Sectionl38 (8) of the International Business
Companies Act 2000, the dissolution of
WOODBARK LIMITED has been completed; a
Certificate of Dissolution has been issued and the
Company has therefore been struck off the register.




ARGOSA CORP. INC.
(Liquidator)


The estate is alleging that Sir
Jack prevented Ian Barry, the
Port Authority's chief financial
officer and from sending out the
monies due to it, leaving it with
no alternative but to take out
and apply for an injunction.
Mr Smith told The Tribune
that Justice Lyons granted an
order providing his clients with
leave to serve Fiduciary Man-
agement Services outside the
Bahamas.
"Given the serious nature of
this claim, an injunction was


also issued to prevent the
destruction of any books or
records, electronic books and
records, correspondence and
financial statements relating to
the management of Port Group
Ltd, Grand Bahama Port
Authority and Intercontinental
Diversified Corporation, and
preserving them," Mr Smith
said.
The Callenders & Co attor-
ney also applied for BDO Mann
Judd accountant, Clifford Cul-
mer, to be appointed as receiv-


Legal Notice

NOTICE


KAIZER INTERNATIONAL LTD.


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 17th day of October 2006. The Liquidator is
Argosa Corp. Inc. P.O. Box N,-7757'
Nassau, Bahamas.






ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE


NORTH HOLDINGS LTD.




Notice is hereby given that in accordance with
Sectionl38 (8) of the International Business
Companies Act 2000, the dissolution of
NORTH HOLDINGS LTD. has been completed; a
Certificate of Dissolution has been issued and the
Company has therefore been struck off the register.




ARGOSACOf7lINt':
(Liquidatory



Legal Notice

NOTICE


ALPSSWISS INC.


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on
the 16th day of October 2006. The Liquidator is
Argosa Corp. Inc. P.O. Box N-7757
Nassau, Bahamas.






ARGOSA CORP. INC.
(Liquidator)


0 F A L"
Pricing Information As Of:
Thursday, 2 November 200 6
BISX LISTED & TRADED SECURITIES VISIT WWW.BISXBAHAMAS.COM P1ON J MRq .' ......
BISX ALL SHARE INDEX: CLOSE 1.656 70 / CHG 00.26 i %CHG 00.02 / YT ,
52wk-Hi 52wk-Low Securit y Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E Yield
1.85 0.59 Abaco Markets 1.29 1.29 0.00 -0.109 0.000 N/M 0.00%
12.05 10.23 Bahamtas Property Fund 11.00 11.00 0.00 1.627 0.380 6.8 3.45%
7.80 6.90 Bank of Bahamas 7.80 7.80 0.00 2.810 0.802 0.330 9.7 4.23%
0.85 0.70 Benchmark 0.80 0.80 0.00 0.208 0.020 3.8 2.50%
1.80 1.26 Bahamas Waste 1.65 1.65 0.00 0.168 0.060 9.8 3.64%
1.49 1.10 Fidelity Bank 1.31 1.31 0.00 0.188 0.050 7.0 3.82%
9.95 9.05 Cable Bahamas 9.95 9.94 -0.01 5,110 0.659 0.240 15.1 2.41%
2.20 1.40 Colina Holdings 1.83 1.83 0.00 0.046 0.000 39.8 0.00%
11.99 9.00 Commonwealth Bank 11.95 11.99 0.04 26,621 0.943 0.660 12.7 5.50%
6.26 4.12 Consolidated Water BDRs 5.72 5.65 -0.07 1,023 0.130 0.045 43.9 0.79%
2.88 2.10 Doctor's Hospital 2.75 2.70 -0.05 26,263 0.348 0.000 7.8 0.00%
6.21 4.35 Famguard 6.03 6.03 0.00 0.428 0.240 14.1 3.98%
11.75 10.60 Finco 11.75 11.75 0.00 950 0.763 0.560 16.4 4.77%
14.10 10.00 FirstCaribbean 14.10 14.10 0.00 715 0.927 0.550 15.2 3.90%
11.70 9.25 Focol 11.65 11.70 0.05 1,000 0.885 0.500 13.2 4.27%
1.15 0.95 Freeport Concrete 1.00 1.00 0.00 -0.170 0.000 NIM 0.00%
10.20 8.16 ICD Utilities 8 .16 8.16 0.00 0.532 0.270 15.3 3.31%
9.10 8.65 J. S. Johnson 8.65 8.65 0.00 0.527 0.560 16.4 6.47%
8.09 5.30 Kerzner International BDRs 8.09 8.09 0.00 SUS/DEL 0.160 0.000 50.6 0.00%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.291 0.195 7.7 1.95%
Fidelity Over-The-Counter Securilties. ,. .;.
5*r-- Mi 52k -LOW Srr.oc.I BI *- Last Pr.ce WVeekly Vol. EPS $ Div $ F E Yield
14.30 12.25 Bahamas Supermarkets 14.60 15.60 14.00 1.923 1.320 8.1 9.04%
10.14 10.00 Caribbean Crossings (Pref) 8.00 8.25 10.00 0.000 0.640 NM 7.85%
0.54 0.20 RND Holdings 0.45 0.55 0.00 -0.002 0.000 NM 0.00%
Colina Over-The-Counler Securities; :,- fT0AxV--
12300 .28 00 46AB -1 -1 ;'"' 41 31) 2220 0000 194 0009%
16.00 13.00 Bahamas Supermarkets 14.00 15.00 12.50 1.750 0.360 8.0 2.57%
0.60 0.35 RND Holdings 0.45 0.55 0.45 -0.070 0.000 N/M 0.00%
BISX Listed Mutual Funds .
2Ak-n.-. 5-A-LOA Fun Nam., N- TC1 La 1 .morurr, DOD Yield '9.
1.3128 1.2582 Colina Money Market Fund 1.312821*
2.9515 2.5197 Fidelity Bahamas G & I Fund 2.9515***
2.4687 2.2671 Colina MSI Preferred Fund 2.468721*
1.1970 1.1395 Colina Bond Fund 1.196970""****
FINDEX: CLOSE 726 94 / YTD 31 73% / 2006 263. .B;o-g -- .M .
BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 MARKET TERMS YIELD last 12 month dividends divided by closing price NAV KEY
52wk-HI Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity
52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity *- 27 October 2006
Previous Close Previous day's weighted price for daily volume Last IPrice 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 30 September 2006
Change Change In closing price from day to day 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 "* 30 September 2006
DIV $ Dividends per share paid In the last 12 months N/M Not Meaningful
PE Ci:i.. ..:e 3i.id t . 12 rr.ntr. ea..n ri urLr t T. r I- i. I .-.. L.;.:l.- JLe Jan.-, I IeJ = 100 30 Selember 2006
TO TAAJ'E CALL' 'COL.M.NA 242-602-7.010 / FIDELITY 242-356-7714 FOR IdMFE 4,


er and manager of the Port
Authority and Port Group Ltd,
and for Mr Babak to be pre-
vented from acting in a man-
agerial role.
However, Justice Lyons
adjourned both applications for
a hearing on November 20, to
give Sir Jack and Mr Babak the
chance to defend themselves
from what Mr Smith described
as "serious allegations".
Mr Smith added that the
summons sought "to assert the
estate's right to 50 per cent of
the Port Authority and Port
Group Ltd".
"It seeks a declaration that
the estate is the 50 per cent
owner of ICD, PGL and the
Port Authority," he said. "It
seeks a declaration that all div-
idends, profits and distributions
received by Mr St George and
his estate in accordance with
this shareholding of 50 per cent
since 1984 have been paid. The
plaintiffs are seeking a declara-
tion that Fiduciary Management
Services is holding the shares
in trust for the estate.
"We've also sought a decla-
ration that Sir Jack and Mr
Babak have conducted the busi-


ness affairs of the Port Author-
ity and PGL in a manner that is;,.'
unfairly oppressive to, and-',*
unfairly disregards, the inter-
ests of the plaintiffs, the Port
Authority employees and the
licensees."
Apart from removing Mr
Babak, Mr Smith's clients are
also seeking a declaration that'
he does not have an employ-
ment contract with the Port
Authority and Port Group Ltd,
and that once appointed, the'
receiver should conduct an
investigation into their finan-
cial affairs since Mr.Babak's
July 2006 appointment.


FoK*r th trj iespTT^
bein thenes,-
rea Isih
on onay


NOTICE
NOTICE is hereby given that WILLIAM ONEILLE OF BLUE
HILL ROAD, 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 27TH day of OCTOBER, 2006 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas.


NOTICE
NOTICE is hereby given that WILLY ONEILLE OF BLUE
HILL ROAD, NASSAU, BAHAMAS, is applying to the Minister
responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that pny 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 27TH day of OCTOBER, 2006 to the Minister
responsible for Nationality and Citizenship, PO.Box N- 7147,
Nassau, Bahamas.


Notice

NOTICE is hereby given that GILBERT KWAME AMENSHIAH
OF BLUE HILL HEIGHTS EST., P.O. BOX N-4595, 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 3RD day of NOVEMBER, 2006
to the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.

Legal Notice
NOTICE
MISANA INVEST & TRADE INC.

NOTICE IS HEREBY GIVEN as follows:

(a) MISANA INVEST & TRADE INC. is in voluntary
dissolution under the provisions of Section 137
(4) of the International Business Companies
Act 2000.
(b) The dissolution of the said company commenced
on the 2nd November, 2006 when the Articles of
Dissolution were submitted to and registered by the
Registrar General.
(c) The Liquidator of the said company is Verduro
Associated Ltd. Pasca Estate, Road Town,
Tortola, BVI.

Dated this 03th day of November, A.D. 2006

Verduro Associated Ltd.
Liquidator


S





4

4








I.


ro on
WINDINGO BAY
AACO, BSAHAMAS
Has a vacancy for a
Membership Sales Executives:
-Exceptional written and verbal communication skills, organization
skills
-Exceptional Telephone skills
-Public speaking preferred
-Ability to demonstrate strong relationship sales capability
-Ability to interface professionally with all members of staff
-Generation and execution of an annual business plan
-Self generation of buisness through referrals and other personal
contacts
-Exceptional skills in long range guest relaonal maintenance
-Use of tracking system for effective follow up usktr.....u prahase
sequence
-College degreepreferred

Please Send Resumes to:

Attn: HR Director
The Abaco Club on Wind g Bay
P.O. Box AB2057
Mash Harbour, Abaco
or 2423670077
Faxw 242-367-0077


PAGE 4B, FRIDAY. NOVEMBER 3, 2006


'


_CI







\~~ii


THE TRIBUNE








THE_ TRBUEFRDY.NVEBE 06,PGE5


Europ'yi'm jjfJk o holds


itsCopyrighted Material



q Syndicated Content



Available from Commercial News Providers


**


- .


S -


Notice
NOTICE is:hereby giventhat JASON ILAFLEUR OFSUTTON
STREET OFF KEMP, 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 3RD day of NOVEMBER, 2006 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas.



ESTABLISHED LAW FIRM
is presently accepting applications for the position of:


LEALADMIISTATV




Applicants must have at least 2 years
experience and excellent organizational
and computer skills.

Resumes should be sent by fax to:
356-4163 or by email to:
legalbah@gmail.com






Downtown store seeks Manager with the following qualities:

Qualities

3+ years retail management experience
Good leadership, organizational and people skills
Must be honest, reliable and friendly
Flexibility to work various shifts

Compensation

Commensurate with both skills and experience

Interested persons should hand deliver applications to:

Arawak Homes
East Shirley Street and Highland Terrace
Attention Franon Wilson
or email: fwilson@arawakhomes.com

Kindly include two references
All applications are to be received at Arawak Homes Head
Office, East Shirley Street at Highland Terrace no later than
November 17th 2006


. .


b adets nTeTM


GN425


Ministry of Finance
Customs Department

TENDER


Make:
Length:
Year:
Engine:
Serial#:

The Bahamas Customs
invite tenders for the


Welleraft
32'
1979
3 Outboards
NAP04343M79A

Department is pleased to
above captioned vessels.


The vessel can be viewed by. contacting
the Superintendant of Customs, Harbour Officer,
Freeport Grand Bahama at telephone #242-352-850Q,
Monday-Friday, 9a.m. 4p.m. for further information.

Tenders marked "32' Wellcraft" addressed to
the Acting Deputy Comptroller of Customs,
National Insurance Building, P.O. Box F-42484
Freeport, Grand Bahama, should be received no
later than 5p.m. on the 23rd November, 2006.

The Comptroller reserves the right to reject any or
all tenders.


Notice
NOTICE is hereby given that LUDORS PIERRE LOUIS, OF
#59 PARADISE APARTMENT, P.O 0. BOX F44981, FREEPORT,
GRAND BAHAMA 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 27th day of OCTOBER, 2006
to the Minister responsible for Nationality and Citizenship,
RO.Box N- 7147, Freeport, Bahamas.

CASSA OFIEPRMIE





at

*Approx. 2,000 sq.ft. in

new office building.

*Available for fit-out by

Tenant immediately.

*Bathrooms finished

Contact: 362-5787











Our firm wishes to Employ a Hardworking, Reliable,
Young man to do Maintenance

Candidates should be Bahamian citizens
With a least (3) years, of
Experience and a clean police record

Applicants should apply in writing
No later than Friday,
November 10, 2006 to:



Human Resources Manager,
P.O. Box N-7120
Nassau, Bahamas





Client Relationship Officer for International Bank

Applicants must have demonstrated experience and ability
to develop new business for fast growing East Indian,
non-resident, high net-worth market in both North America
and India.

REQUIREMENTS:
Excellent knowledge of private banking products and
services;
Fluency in English, Hindi and Punjabi;
Minimum 5 years' private banking &/or professionally-
oriented client services role;
Knowledge of Bahamian Regulatory requirements;
University degree and/or related professional
designation.

DUTIES:
Marketing of private banking and portfolio
management services;
Extensive traveling; acquisition and development
of new clients.

Compensation will be commensurate with experience.

Interested applicants must submit applications to:
Human Resources Manager,
(Re: Client Relationship Position),
P.O. Box SS 6289, Nassau, Bahamas

by Nov. 17,2006


FRIDAY. NOVEMBER 3, 2006, PAGE 5B


THE TRIBUNE


BUUSINES S


COMMONWEALTH OF THE BAHAMAS 2006

IN THE SUPREME COURT CLE/QUI/00916
Equity Side
IN THE MATTERul all that piece- parcel or lot of land
comprising 2,581 square feet situate on the South side of
Pitt Street in Dunmore Town in the Island of Harbour Island
one of the Islands of the Commonwealth of The Bahamas.
AND
IN THE MATTER of The Quieting Titles Act 1959
AND

IN THE MATTER of the Petition of Jane Helen Louise Sawyer

NOTICE

The Petition of JANE HELEN LOUISE SAWYER Dunmore
Town, Harbour Island one of the Islands of the Commonwealth of
The Bahamas in respect of:-
"ALL THAT piece parcel or lot of land comprising 2,581 square. feet
situate on the South side of Pitt Street in Dunmore Town in the Island
of Harbour Island and bounded as follows on the NORTH by Pitt
Street and running thereon Thirty-three (33) feet on the EAST by the
property of the Estate of the late Earl P Johnsoni and running thereon
Sixty-six and Forty-six hundredths feet (66.46) feet on the SOUTH
by land now or formerly the property of Peter Clifford Neilly and
running thereon Thirty and Fifty and Five hundredths (30.55) feet
and on the WEST by an easement or right of way and running there-
on Eighty and Thirty hundredths (80.30) feet and which said piece
parcel or lot of land has such position shape marks boundaries and
dimensions as are shown on the plan filed in this matter and thereon
coloured Pink."
Jane Helen Louise Sawyer claims to be the owner in fee simple in
possession of the said land free from encumbrances and has made
application to the Supreme Court in the Commonwealth of the
Bahamas under Section 3 of The Quieting Titles Act, 1959 to have
her title to the said land investigated- and the nature and extent
thereof determined and declared in a Certificate of Title to be granted
by the Court in accordance with the provisions of the said Act
A plan of the said land may be inspected during normal office hours
in the following places:
(a) The Registry of the Supreme Court in the said City of Nassau
(b) The Chambers of McKinney, Bancroft & Hughes, Mareva
House, 4 George Street in the City of Nassau, Attorneys for
the Petitioner; and
(c) The office of the Island Administrator at Dunmore Town,
Harbour Island.
Notice is hereby given that any persons having or a right of
dower or a right or an Adverse Claim or a claim not recognized
in the Petition shall on or before the 22nd day of December,
2006 file in the Supreme Court and serve on the Petitioner 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 serve a statement of his claim on or before the
said 22nd day of December, 2006 will operate as a bar to such claim.

Dated the 31st day of October, A.D., 2006

McKINNEY. BANCROFT & HUGHES
Attorneys for the Petitioner
Mareva House
4 George Street
Nassau, Bahamas






TRIBUNE SPORTS


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FRIDAY. NOVEMBER 3, 2006


PAGE 6B.


PAGE~~~~~~~ B.FIA.NVME3,26




Newcastle end Palermo's




winning streak in UEFA Cup


& ,


^ * *


,'


. 441-





TPIPI INF SPORTS FRiDAY. NOVEMBER 3,2006, PAGE 7B


Champions Trophm:
Gaik slams centun as


lindies LFOCopyrig hted Material

Africa to rSyndicated content

Available from Commercial News Providers


I'm a winner with The Tribune!


I'm Anthony Strachan, \\ inner of game
tickets, a one day car and airfare for
two, to the Dolphin vs. Green Bay
Packers game. You can be a x'inner
too, fill out the Dolphins vs Chiefs
entry form in the Sports section, and
become eligible to win!
READ
SPORTS
EVERYDAY


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,ify tm fPy4tify'


. Win two [21 tickets p.las travel


The Tribune T Jliftiami reralbd
Fill out coupon and drop off at The Tribune
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CONGRATULATIONS to Anthony Strachan,WflNNERofthe Dolphins and Packers
\) "


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FRIDAY. NOVEMBER 3, 2006, PAGE 78


TRIRIINF .SPC)RTS


",. ,.


. **











FRIDAY, NOVEMBER 3, 2006


SECTION


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


MIAMI HERALD SPORTS


Successful

training camp

for Bahamas

soccer team
SOCCER
By KELSIE JOHNSON
Junior Sports Reporter

A FOUR day training camp
was dubbed a success by the
Bahamas Football Association
(BFA) as they continue their
search for the top soccer players
in the country.
Now that the team has quali-
fied for the second round of the
Digicel tournament, the BFA
will have the hard task of select-
ing the best team to represent
the country. The Digicel tour-
nament is set for November
17th, in Bridgetown, Barbados.
The invitational training
camp didn't make the job any
easier for the BFA and head
coach Gary White, as he
revealed that everyone who
participated performed
extremely well, but there was
one player who peaked his
interest.
White said: "It went well,
they trained Thursday, Friday,
Saturday and Sunday. The
training programme allowed us
to see the New Providence
based players, the players from
Abaco and Grand Bahama
players we scouted in a train-
ing format were we put them
through some structural prac-
tices, physical practices and
mental practices.
"We are pleased with what
we saw from the Family Island
players and we have definitely
looked at one of them-to be
included on the squad.
"We did some technical prac-
tices, which included some func-
tional techniques, heading, pass-
ing, dribbling and just some of
the basic fundamental tech-
niques that will help you pre-
vail in pressure scenarios. We
usually introduce these tech-
niques first so if the team is
under pressure from an oppo-
nent they can resort to the fun-
damentals, which in most cases
pulls any team out.
"We also put them through
some tactical training which was
divided into a small group of
defenders and attackers, this
helped with their group work, a
way of determining how they
will react to group work not just
individuals playing."
Despite the success at the
training camp, the BFA execu-
tives are crossing their fingers
hoping the collegiate players
are released from their colleges.
The majority of the players
that assisted the Bahamas in
qualifying for the second round
are off to school studying.
But White did reveal that if
they are released the team will
be able to train together before
traveling.
White added: "We are trying
to put together the best team
available to represent the
Bahamas, which should include
some new faces. Then we will
have to find a way to try and
release some of our players who
are off in college, since they are
in season. So that is going to be
a hassle, but we are working
S with colleges as we speak.
"But overall we will definite-
ly put in the best team available
on the field to travel down to
Barbados. They will have prac-
tice sessions together, remem-
ber that most of our players
have just come off the games
together, so it's not like they
don't know each other, they do.
"They've played three games
together in Cuba, where we
came second, before that they
had some training camps
together and even prior to that
these players had young so
they've all come through the
BFA's developmental pro-
gramme together. So it's not
like they are strangers, the idea
now.is to try and get them, in a
very short period of time,
understand the game plan for
the Bahamas and that will be a
different performance as to
what they are used to in col-
lege."
The Bahamas will play host
country Barbados for their
opening game.
Barbados is currently ranked
100 in the world, while the
Bahamas leaped up the charts
with their first round victory to


the 138th spot.


* RUGBY
By KELSIE JOHNSON
Junior Sports
Reporter

THE Bahamas Rugby
Sevens national team are
about to face their-toughest
test this year, but with just a
week left before traveling,
the team is still trying to iron
out the wrinkles.
A 12-member team was
released yesterday by head
coach Andrew Davies and
is gearing up to participate
in the Caribbean Sevens
Championships, set for
November llth-12th, in
Bridgetown, Barbados.
Even though the team still
has some rough edges,
Davies is optimistic, espe-
cially since they have
improved on their catching
and passing skills.

Skills

He said: "Preparations
haven't been too bad, I am
quite pleased with where the
team is. Our passing and
catching skills have
improved, it's gone up
another level.
"This is crucial in rugby
because if you can't pass and
catch you're going to make a
mistake, especially when
you become fatigued. In this
particular style of play it is
really easy to get fatigue,
there is a lot of running in
sevens."
The sevens game is a
slight variation of the 15-
aside game and is sanctioned
by the International Rugby
Board. However, this fast
paced event lasts only 15
minutes, unlike 15-aside,
which can run into 80 min-
utes.
With the athletic talent


that Bahamas possesses,
Davies is hoping that the
team can pull'off a surpris-
ing win in their opening-
game against Jamaica.:
He said.: "We have a great
team, don't get me wrong,
but our opening game is
against Jamaica.
"We will be playing in a,
pool format, our opening
game will be against
Jamaica, last year's defend-
ing champions. I am hoping
that the guys can catch
Jamaica by surprise, not too
many high ranked teams are
ready to play in their first
match-up whereas teams
like the Bahamas will be
hungry for their first win.
"We are going to have to
hit the ground running
Against Jamaica, they are the
defending champions and
they are very capable. We
are excited about playing
them so I am really looking
forward to that."
The Bahamas will play
Mexico in their second
game, then Cayman Islands
and Dominican Republic as
the tournament progresses.
The team members will be
playing under a watchful
eye, since the West Indies
selectors squad will be in
attendance.
This group hand pick the
top players from around the
'Caribbean to represent the
West Indies in tournaments.
He said: "A lot of the
players are hoping to peak
at this tournament especial-
ly since the selectors for the
West Indies International
Sevens tournament will be
in attendance, so a lot of the
persons on this squad will
be looking to impress these
persons with an aim to
advancing to the next level,
the West Indies squad. This


is a tremendo s honour to
be selected to the West
Indies tciam so hopefully all
the team members \\ill be
read\."
The Bahamas \\ill be lead
by Jamaal Currn. captain of
the squad.
Curry is kno\\ n for his
superb tackling g;.n the pitch.
He will be joined by Jere-
mico Cooper, Dave Sands,
Timothy'Th ompsoii, Ray-
mond Simps'on, puran Bea-
dle, Giovanni Rolle, Kevin
Salable, Owen Hanna,
Jonathan Sands, Charlie
Edwards and Devon Wood-
side.

Improve

Davies added: We've got
a lot of new faces on the
team, mainly! Charlie
Edwards, who plays in the
New Providence Football
league. He has worked very
hard to improve his skills,
he has been on the fringes
for a while, never really
applied himself but he has
put in some work-this time
around and now he will be
one of the key persons on
the team.
"Like all the other play-
ers, there is still a long way
to go, once you get to where
you want to be you have to
keep working on the skills
to maintain them.
"But we are looking for-
ward to see the team have
a run in this tournament.
Jamal Curry is captain, he
has shown himself to be a
very good leader, he is
respected by the other play-
ers and he never gives noth-
ing less than a 100 per cent
on the pitch."
The Bahamas team will
leave for competition on
Wednesday.


Day

November 20, 2006


PURCHASE A BIG MAC SANDWICH ON

MONDAY, NOVEMBER 20TH, 2006

AND HELP MCDONALD'S SUPPORT

WORLD CHILDREN'S DAY!







Golden Girl Debbie Ferguson will be at .

Mcdonald's Restaurant in Oakes Fld on

November 201h, 2006 at 3:30pm.
.'~~~~~~ :


SN'Ki


-.'II Ir I- ~ ~--~-- -- ~C14-~l--~m~-~E;-sr4~Ld~l ;;%--~JLL~(PIC~DII~49811~~


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