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The Tribune
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Permanent Link: http://ufdc.ufl.edu/UF00084249/00923
 Material Information
Title: The Tribune
Uniform Title: Tribune (Nassau, Bahamas)
Portion of title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Place of Publication: Nassau, Bahamas
Publication Date: January 11, 2008
Copyright Date: 2008
Frequency: daily, except sunday
daily
normalized irregular
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
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
System ID: UF00084249:00923

Full Text






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A ROSE lies on the coffin of '



ofThei Tribaune ofc at
month.
*SEE PAGES 1'1 & 12(-.1"


SClaim that
MP braced
for 'smear
attack'
WI By PAUL G TURNGUEST
Tribune Staff Reporter
ptumquest@tribunemedia.net
TH Progressive Liberal Party
has employed its full machinery to
begin a smear campaign against
former PLP MP -now Indepen-
dent MP Kenyatta Gibson -- The
Tribune has learned.
A source close to Mr Gibson
informed. The Tribu~ne yesterday
that the MP is bracing himself for
a "smear attack" on his personal
SEE pae ei ht









Watell for questionhing
18 0088881100 With
100H'S Shooting dealli
POLICE issued an all-points
bulletin yesterday for 20-year-
old Strauss Bendict Paul
Edwards Jr.
Edwards, who is to be con-
sidered armed and dangerous,
is wanted ~by the Central Detec-
tive Unit for questioning mn con-
SIEE: page eight
Country's justice
system 'is in
COmplete disarray'
MBy KARIN HERIG
Tribune Staff Reporter
kherig~tribunemedia.net
THIE country's justice system.
from the prime minister down,
is in completed disarray". Dion-
isio D'Aguilar, president of the
Bahamas Chamber of Com-
merce, said at the 17th annual
Business .Outlook.
Not mincing his words; Mr
D'Aguilar called on the FNM
government to act immediately,
SIEE: page eight


A 32-YEAR-OLD man was arraigned in the
magistrate's court yesterday on 13 charges,
including conspiracy to comnut armed robbery, in
connection with the shootout at the Royal Bank
of Canada which occurred shortly before Christ-
mas last year.
Ryan Butler (pictured right outside of` court) of
Ridgecland Park, who is confined to a wheelchair
after being shot that day December 21 -- out
side the RBC branch on Prince Charles Drive,
was not required to plead.
Among the charges against him are: Conspir-
acy to commit armed robbery, possession of a
firearm with intent to endanger life, causing dam-
age to property, possession of a 9mm handgun
and possession of 22 rounds of ammunition.
Butler was remanded to Her Majesty's Prison
to January 31.


Volume: 104 No.42


FRIDAY, JANUARY 11, 2008


PRICE 750


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SBy PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
IN A scathing response to his
former party' leader Perry
Christie, Kennedy Independent
MP Kenyatta Gibson said Mr
Christie is no longer fit to lead
the Progressive Liberal Party:
Desenibing the behaviour of his
former leader as "reptilian" `and
"treacherous," Mr Gibson said
Mr Christie is a "washed up, has
been, egotist" who may as well
claim that he has created the
world in seven days.
"I was not surprised to read
the press release issued by the
soon-to-be former Leader of the
PLP," Mr Gibson said.


"It is a typical example of the
kind of reptilian and treacherous
behaviour of which I complained
SEE page eight


Christie calls for Gibson
to re n from the House
a By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
OPPOSITION Leader Perry
Ch isi gha t caled fhe unniedi
Kenyatta Gibson from the House of
Assembly, in a hard-hitting
response, a day after Mr Gibson
severed ties with the PLP.
Mr Christie released his state-
ment yesterday after Mr Gibson
shocked the country, and PLP, by
resigning publicly without informing
.4 the party leader of his intentions,
SIEE page eight


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BAHAMAS EDITION


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Kenyatta Gibson:

PLP leader no longer

fit to lead party





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"There are

Blanf WrOngS
that take place
in a SOCiety~ but
We illust 8)(

accept respon-
Sibility for our

part in those



SHubert Ingraham

however. that the response
tim~e by the police force does
not exscuse the riot that took
pla~ce.
"W'e can say what we would
like to say. b~ut you have chiil-
drecn in this community and
yolu hav~e examples to set," Mr
Ingrahamnl pointecd out. "The~re
are miany w'rolngs that take
'la~ce in a scciety, but we must
all accept responsibility for
o~ur part in tho"se wrongs."
While many of the concerns
expressed during the town
meetings stemmed from
December's incidents, the lack
of constructive activities and


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I.c'e )
II


HUNDREDS pack the public school
hall in Alice Town. Bimini on
Wednesday for the government's
town1 meeting there. Pictured cen-
,tre at the microphone is Justin
Rolle, brother of Ascol Deno Rolle
who died following a shooting in
Bimnini on December 22, 2007.




PHOTOS: BIS


I '


THE TRIBUNE


PAGE 2, FRIDAY, JANUARY 11, 2008


Bahamas. They were the security risks,
not him. "Nobody in this country stands
for real law," he added, "If you don't have
any connection with politicians, the church,
police officers, and if you are not a sissy,
then you have bad luck because you don't
get justice in the Bahamas.
"I am not a sissy and I am not a risk to
this country."
Mr Fuhrmann's detention prompted
outrage from some Tribune readers yes-
terday. Academic Felix Bethel said it was
a disgrace and asked police why they were
picking up Mr Fuhrmann when they were
incapable of detaining the killer of Dr
Thaddeus McDonald.
Meanwhile, Mr Fuhrmann intends to
continue his Internet campaign against
lawyers, saying he now is now setting up a
new website containing a special investor
advisory.
His battle with attorneys goes back more
than a decade and ongmially centred on a
property dispute following the breakdown
of his marriage to a Bahamian woman.


A G;ERMAN investor who was arrest-
ed and detained in Nassau on Wednes-
dlay has described himself as "a harmless,
law-abiding tourist" who was targeted for
no good reason,
Harald Fuhrmann. who was reportedly
held for security reasons, said the biggest
security risks in the Bahamas were its
politicians and lawyers.
The absence of justice in the country
would, he predicted. eventually lead to
vigilante violence and civil unrest.
"There is a big difference between what
you say in the brochures and the reality of
this country." he toldl Tlr iihe ribue.
"You like to think it's paradise, but this
is a corrupt country. It's a nightmare.
Mr Fuhirmann, who has conducted a
long luitbrnet co~mpaign against the
Bahamu~s legal profession, wals held after
attendling the opening of the legal year
cclermony in dow~~ntown Nassau.
Two years ago, he presentedl then Attor-
ney General Alfred Scars with his "Sour
Lemon Award" a lemon signifying the


bad taste left behind by the country's var-
ious legal shortcomings.
This time, he was unable to discover
why was detained. But he said he was held
for five hours by officers who were evi-
dently intent on finding him guilty until
proven innocent.

Dept~iVatiOD ,
"What happened to me on Wednesday
leads me to think the Ministry of Nation-
al Security has learned too much from
China or Russia," he said.
"This is supposed to be a~ tourist-friend
ly country, but they put me in a cell with
rusty bars without food and water. This
was a deprivation of liberty, unfair treat-
ment.
"'Both the police and immigration offi_
cers refused to go to my home to collect
my passport, which would have cleared
up the difficulty.',
Mr Fuhrmann said it was politicians and
lawyers who produced crime in the


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opportunities for Bimini's
young and old was said to be
at the heart of many social
problems.
The government was ques-
tioned by a 12th grade student
about when the public school's
home economics facility,
destroyed during the riot. will
be rebuilt so students can
focus on their BGCSE prepa-
rations.
The need to refurbish the
island's playing field, which
has been out of commission
for over two years, was also

ra er residents expressed
concerns about the island's
sluggish economy and cost of
living woes.
Business owners expressed
concern over what they said
is an under-utilisation of all
that Bimini has to offer to
tourists and second-home
owners.
Additional funding for
entrepreneurial endeavours
was requested so as to pro-
mote business opportunities
in Bimini.
Regarding healthcare on the
island, residents expressed
concern about the availability
of air ambulances, particular-
ly for those who are not able
to afford the service.


Government ministers led
by Prime Minister Hubert
Ingraham travelled to Bimin~i
Wedne~sday and met with hun-
dre~ds of residents who voiced
concerns ranging from
struinedl relations with the
island s police to a~ lalck ,f con-
stru~c~tivec outlets for theC youth.
Mr Ingraham, wlho
announced he would hold a
tow~n meeting with Bimini re~s-
idernts following the De~cem
her 22 police~-in\olve~d shoot-
ing and riot there, took note of
the concerns and re-assured

Is o itte to fairns Iai
upholding the rule of law.
Rioting and apparent acts
of arson in Bimini resulted in
the de~structio~n o~f hundrreds
at thousands of dollars worth
of public property.
Residents at the meeting
questioned the government ln
the reason for the police
force's slow response to the
riot. indienting that it took
hours for rein forcemecnts o
be brought in from Nassau
and Grand Bahama.
Mr Ingraham acknowledged
that the residents raised a
valid question, and admitted
that he did not have a good
answer at the time.
The prime minister stressed


KI A Ma989

The Power to Surprise"


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A BIMINI youth calls for the implementation of youth-based civic groups
anid the creation of other constructive outlets for Bimiini's youth during a
government town meeting held at the public school hall in Alice Town,
Bimnini on Wednesday.


GERMAN INVESTOR SAYS H-E WCIAS ARRESTED FOR NO GOOD REASON



,,'I'm a har mle ss, law -ab idin g



tourist', declares Fuhrmann


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I~r~y~lEr~rI: -


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SBy BRENT DEAN
Tribune Staff Reporter
bdean~tribunemedia.net
A FORMER PLP MP has
called on Opposition Leader
Perry Christie to bring forward
the necessary reforms at the par-
ty's February convention to revi-
talise an organisation that is now
embroiled in infighting.
The Triburne has obtained a

Geo "e esmilt i'8, h oesr 2e00b,
where Mr Smith, who is a
Christie supporter, asks' the
leader to provide the party with
an "'honest analysis" of what
caused the PLP to lose the last
election.
"'When we meet in conven-
tion you and only you must
craft a message and a pro-
gramme that will appeal to and
inspire the people," he said.
"You did it before in 2002. That
is perhaps the best time and
place to start. You led the party
to a great victory. The people
olace dtoei tth gs5 ankt Te
ter life," the letter reads.
"You must do an honest
analysis of what went wrong
between 2002 and 2007, which
resulted in some incumbents los-
ing'up to 25 per cent of their
2002 supportt" said Mr Smith,
The Tribune has learned that a
report was commissioned by
senior PLPs after the May 2 loss
but has only been circulated
among a select few within the
party.
Though The Tribune has not
yet obtained a copy of the
report, it is understood that the
document explicitly states that
Mr Christie has to reverse the
impression many have of him as
a "weak" leader who was unable
to discipline his party and par-
liamentary caucus.
When senior party official
Paul Adderley was contacted to
discuss the report, Mr Adderley
would neither deny, nor confirm
the existence of such a docu-
ment
InMr Smith's letter, he asks
about the true fallout resulting
from the numerous missteps of
the party, such as the bleacher
sc dsl BAI os anoas lK e


o In brief


Kenyatta gets





political rival


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ALIN ANDTHE CHIPMUNKS 8 1:15 3:45 WlA 6:15 WIA WA
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Large Slupment of Used Cars


THE Bahamas Against Crime group has
announced that it will hold a healing service for family
members, school colleagues and the nation following
the shooting death of 18-year-old student De'Angelo
Cargill earlier this week.
The event is scheduled to take place tomorrow at
4.30pm at the corner of Frederick and Bay Streets, the
site of the shooting.


a By ALISON LOWE
Tribune Staff Reporter
alowe~tribunemedia.net
Kenyatta Gibson's former rival
in last year's May election has
gone on record to wish the now
Independent MP "'well in his polit-


board and deputy chairman of the
party under the FNM government,
was defeated in the Kennedy con-
stituency by PLP candidate Mr
Gibson, losing by 264 votes out of
the 3,545 cast.
In a press statement, he said
that despite the hard fought cam-
paign, he sees both himself and
Mr Gibson as "young men who
desire to serve our country" who
"shared many of the same ideals
for the constituents of Kennedy
and the Commonwealth of the
He add: shouldd the oppor-
tuit present, wouldd offer as a
Mr Gibson publicly announced
his resignation from the PLP on
Wednesday in a statement issued
to the press. He said that the par-
ty no longer held the principles of
Sir Lynden Pindling, Sir Milo But-
ker and Governor General Arthur
Hanna.
In his statement, his former rival
said that Mr Gibson's move -
maae oon jh eod Rh -an iv r
him, as for "many, around the
country", a "surprise."
However, he added that Mr
Gibson's "was obviously a deci-
sion that was critically weighed in
the balance by Mr Gibson and one
he felt he had to make."


PM to address

the nation on

Sunday evening

PRIME Minister Hubert Ingra~
ham will address the nation at 9
o'clock Sunday evening, resuming
'teper cieohseastare dm the
The Prime Minister's report to
:e ::iso and Rai 50 tZ w
be made available to.the other
television channels and radio sta-
tions for broadcast at that time or
at their convenience.
It will be repeated on ZNS TV
at 8pm Monday following the
nightly news.
Mr Ingraham is expected to give
an account of his Government's
first eight months in office and to
address a wide range of issues and
challenges facing the nation.



Gunman targets
man in area of
Golden Gates
*A 22-year-old man became
the victim of an armed robbery
when he visited a female friend in
the Golden Gates area at around
8pm on Wednesday.
As he was standing outside of
his friend's house he was
approached by a gunman of "light
complexion".
After threatening the 22 year
old with a handgun, the man
robbed his victim of his 2007
Honda 650 Motorbike.
The robber then rode off on
the stolen machine.
*A concerned citizen discov-
ered a taped package containing
one kilo of cocaine on a beach in
George Town, Exuma, at 8am
nh bagwas handed over to
the police on the island and then
flown to New Providence.
*EXUMA Police conducted a
special operation entitled "Oper-
ation Sunset" during the late
afternoon hours of Wednesday.
More than 50 traffic infractions
were recorded, including inci-
dents of excessive speed, drivers
not being in possession of a valid
licence, unlicensed vehicles, vehi-
cles with expired insurance, defec-
tive vehicles, and drivers operat-
ing cars with no headlights.
fw op rsons were also arrest end
gerous drugs".


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ONE ISSD CAL C1:10 3:40 WA 6:~10 8:40 10:35
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ALIN AND THECHIPMUNKS3 B 1:(00 3:30 WIA 6:00O 1830 WA
IAMLHEGEND T 13 3:50 WA 6:20 *4 10


FRIDAY, JANUARY 11, 2008, PAGE 3


THE TRIBUNE


rape allegation, housing scandal,
the report of stolen money from
a minister's residence, MPs fight-
ing, difficulties with public ser-
ju eg, 1ue aanpdln of we LG
and CSME debates, and the
abysmal and seemingly unending
Anna Nicole Smith affair.
He continued by asking the
leader how he will address the
widespread belief in his "indeci-
siveness" along with how he
deals with those in the party
who, in his words, "project their
own anxieties, uncertainties, bad
judgment and failures" onto the
party leadership, rather than
accepting responsibility for their
own inadequacies.
"'It falls to you to protect the
party from the personal and self-
ish ambitions and greed of indi-
viduals," he said. "I appeal to
you to challenge the party to be
true to its real substance, to be
ever relevant, to embrace and
promote the best among us and
to sideline the worst."
When contacted about the let-
ter, Mr Smith emphasised that
he fully supports Mr Christie,
noting that the letter was intend-
ed to raise issues necessary to
reform the party.
Despite the numerous criti-
cisms levelled at Mr Christie
since the election he will be
reeb d IMr Smihhsaid t'


expansion of the airport, the
Albany and South Ocean devel-
opments and the Clifton Her-
itage park.
reg~retm hlsralsthat K ne
MP Kenyatta Gibson has left the
party .
"'Kenyatta is my friend, tried
and proven, I am his friend tried
and proven," said Mr Smith,
who suggested that it is not nec-
essary to leave the party to
resolve internal disputes.
"'PLPs across the country
expect the leader to resolve his
problems with his MPs," said Mr
Snuth, who thinks that Kenyatta
Gibson should have allowed Mr
Christie the opportunity to medi-
ate this affair.
The Triburne was unable to
reach Mr Christie for comment
on this letter.


NIEWI id5


Christie faces call




to breathe fresh





life into his part


Former PLP MP says reformsI j

should~ be brought forward


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The Tribune Limited
NIULLIUS ADDICTS JURPARE IN VrERBA MA GISTRI
Being Bound to Swear reo Thle Dogmas of No Master

LE ION E. H. DUPUCH, Publisher/Editorl1903-1914

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


ConriutngEd ito 1 7212991

EILEEN DUPUCH CARMiON, 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
Fre port fax: (242) 352-9348


Problems facing new Police Commissioner


BARMlBAS PROFESSIONA L ENGINEERS 80AfRD
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'Ihe Pro~fessionall e~ngineers Board which began the
registration of professional engineers in September 2007
under the Profetssional Enlgineers Act 2004 is currently
conna~lizing the list of Registered Professional Engineers
who are registered to practise professional engineering in
The C~ommonwealth of The Bahamas, and herewith invite
all unrecgisterecd engineers who might be eligible to apply
to~r registr~ation by March 3 1. 2008 to ensure that they are
properly registered in compliance the Act as the provisions
of thre samre shall com~e into f`u1ll force andi effect after that
date respecting those persons who ar~e eligible or ineligible


without a valid certificate of registration or certificate of
temporary registration.


"Qreat triaiS Oft..
precede great trial."



Fax: a2e-44astase4-4tne


ReVI Va I
BISHOP OLORUI REDI MINISTMIES








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Our rights need protecting
EDITOR, The Tribune.
I UNDERSTAND that the Princess property in Grand Bahama
has finally been bought and restoration is about to begin.
When I bought in 1990 there was in place many advantageous
points that persuaded us to purchase and become residents of this
beautiful island.
The following selling points were presented to us.
1) The golf privile es.
2) The path that atlowed us easy access to the Casino and Inter-
national Bazaar.
3) The Bahamian Beach club.
These are all benefits that have eroded for whatever reason,
We are currently at the resort and feel very compelled to reinforce
our disappointment with all concerned that their rights, not privileges,
havsebeen removed, through no fault of the developer of the Freeport
We love this island and are very disappointed that the Government
of the Bahamas has not protected these rights for us.
We have returned faithfully for 15 years and feel somewhat
betrayed by past governments that what was standard practices and .
nights have not been honoured.
.I am totally confident that the present government will protect our
nights.
RICK and CLAUDIA ANGUS
Noa eaber 15, 2007.






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PAGE 4, FRIDAY, JANUARY 11, 2008


because we are in an economic
hole so deep that we have to pray
daily that the national economy
will not worsen as what occurred
in Bimini will be nothing -
islands will be on fire-
bhe ehrh BaBial ot w
impact this past year then we are
totally fooling ourselves we
have so much church that there is
no need for BEC as the power
and light of the spirit surely
should be able to light-up every
flook and cranny of our man
islands, but look wha we have
Leang up tof Cithas, sup
p eyeful, brot erey love pe os
we saw road rage, anger, mur-
der on murder and all over we
were told Season's Greetings and
the least we mentioned Christ
that was best. I suggest that our
business people are as much to
blame for this as any as by
removing the true meaning and
true reason for celebrating
December 25th, when estab-
lished as not having any disci-
pline and real meaning the busi-
ness person thinks we will be
freer in partying with our monies
and use of those plastic credit
cards.
Just think Bahamians paid


)13Ce' i

$38 million to our banks for a
the credit card debt, $212mi
lion in 2007 in interest alone -
imagine what we could have@
done with all of those millions
instead of trying to be equal to..
the neighbour or family member~
thinking we are hip because we
now think we own this or that
item which we cannot afford and
many times did not need but we
will be seen or we will pretend
we are so-hip! Boy how fool we
reChila en are out of control,!
the mothers refuse to d-iscipline
them hoping by accident they
will be disciplined by our teach-
ers who regrettably are blind to
what is going on within theri
school all the ills of societyB
are rampant and well and no one i
understands that if we leave this;
in the current status quo we are,
oyes tmwllgo tom hurch and;
pray hard for God's Divine inter-
vention in 2008 on us all to take,
us away from this deprived hedo-l
nistic, materialistic society wer
embrace.
To those few who have no
racial prejudice and accept all as
equal, I thank you so much for:
bringing a little glimmer of hope,
but that glimmer does not guar-i,
antee anything but at least it is a_
glimmer which could bring a
brighter 2008. i
J MOORE i
Nassau,
December, 2007.


EDITOR, The Tribune.
I AM writing hoping you will
publish this letter before we enter
2008 and be filled with some
peace in our country.
How can we honestly describe
2007?
Yes, the Prime Minister used
what I see as the correct word
- totally "wurtless" and a year
of national disgrace for many
reasons, but primarily because
where ada hat we shouldhbe
become a "wurtless place" the
House of Assembly,
Nearly 80 murders -
unknown number of rapes -
35+ deaths on the roads and the
list goes on and on nothing
this so-called Christian country
and people can be proud of.
I ask myself many time since
Ia s, o0 didwe d comroum-
"'wurtless" decision and elect the
wrong political group?
Trust went out the window
hours after the victory was
secured it seems,
Economically 2007 has been
wurtless there is no doubt we
are by far worse off now than we
were on January 1, 2007. The
economy is stagnant and there
is little hope as a result of inde-
cision and seemingly designed
inefficiency and malpractice of
governance. Was this on purpose
to look good late 2008?
The media, electronic and
print media is wurtless and if they
are supposed to be an image of
The Bahamas then really we are
deep in do-do. Raw tabloid head-
lines are accepted today whether
or not they contain any credence
of the truth to obtamn the sales
of their publications however the
publishers seem not to care what
negative effects such have. It is all
how do we get those sales
Is what occurred on Bimini
yesterday what is bubbling ready
to happen on other islands as
well as New Providence as a
result of total frustration, stress'
e onomicmpgressureserand a gen-
We will have a further crime
commission rather than the
police being allowed to operate
within their legal mandate of The
Police Act, but the government
sends such a negative message
to the police that obviously they
do not trust the police or worse
still want to further control the
police from upholding all laws
of this country.
2007 was certainly a wurtless
year and I honesty do not see
any possibility for unprovement


NEXT FRIDAY the office of Commission-
er of Police will be handed over to a police offi-
cer of long standing Acting Commissioner
Reginald Ferguson. The ceremony will be held
at police headquarters,
Mr Ferguson1 follows in the footsteps of
retired Police Commissioner Paul Farquhar-
son, who also had a long and distinguished
police career. Mr Farquharson has been posted
to London as the Bahamas' High Commission-
er to the Court of St James's.
Mr Ferguson, noted as a no-nonsense man,
who demands the best of his men, is an officer
who believes that nd matter who you are at
the top, middle or bottom of the social pecking
order if you do the crime, you should expect
to do the time. It has been rumoured that there
have been occasions when politics has tnied to
tie his hands in an investigation. We would be
surprised if he would tolerate such interference
today.
Mr Ferguson is a man who knows that pub-
lic perception of his force is of paramount
importance to its success. He knows that he has
many good officers at his side, but the public
also knows~ that he has certain officers who
should ntot be on the force. These are the per-
sons he will have to deal with to succeed in pro-
jecting an image of a police force of which he
and the nation can be proud. Some of these
"bad apples" are stumbling blocks in the
nation's fight against crime.
How often do we hear: "Man, dem police
know who's dealing the drugs and the guns.
They could stop it if de~y had a mind tol" Or-
"You ought to see who standing in line at the
drug man's window!"
Just this week, we were told the story of a
Haitian, picked up and taken for a ride in a
police car when he couldn't immediately pro-
duce his work permit. The Haitian who was, as
they say, "straight", decided to have some fun of
his own. As the Dooiccman drove, ostensibly in
the direction of the police station, the Haitian
was asked if he hadl any money on him. T~he
policeman said that as the Haitian had no
"papers", he would release him for a price -
the policeman named his price. At that point,
the Haitian called the name of his employer -
a big name in the community and informed
the officer that in fact his employer had his
"'papers." The policeman panicked, told the
Haitian he was culyS joking, that he should for-
get the incident ever took place, and let him


out of the car. The Haitian should have report-
ed the incident. But fear stepped in. This is how
a community is silenced.
This is the shadow boxing that the Commis-
sioner is up against. The officer --police or
immigration who knocks on an immigrant's
door at night and demands protection money,
knowing that fear will seal the victim's lips.
Only government can solve these social prob-
lems. If these immigrants had legal status or
if, not entitled to status, they were out of the
country the reason for protection money
would be removed. But because for so many
years government officials have closed their
eyes to these growing problems, and some law
men have got away with their predatory prac-
tices for so long, they see no reason to stop
now. If immigrants, who have the right to be
here, were given status, they would have a voice
in their community and could use that voice to
report their tormentors.
This is government's fault and only decisive
action on government's part can solve it.
And then there are the missing exhibits right
from police premises. These are the whispers in
the force that will land on the Commissioner's
desk. We have no sympathy for the guilty who
might be caught in his cross-fire.
As the public concern about growing crime
increases, so do the voices calling for foreign
policemen to be brought in.
They point to Jamaica and other Caribbean
islands where crime was so out of hand that
senior officers were recruited from England to
help in the investigations. This was necessary
because especially in Jamaica it was
claimed that the police force was so corrupt
that it had ceased to function.
Senior officers of the Royal Bahamas Police
Force do not think that foreign police officers
are needed to solve our problems. They believe
that they can do it themselves.
We also believe that they can do it, but not
until they have put their own house in order.
It is now up to the officers of integrity, who
are dedicated to their calling and their country
to rally around the Commissioner in his attempt
to lead a force that the public can trust. It is also
up to the community, who want a crime-free
community, to back the force and have the
courage to report those officers who are dis-
gracing their fellow officers-
If there is to be peace in this country our peo-
ple have to unite in the common cause.


PC


January 13th January 18th- Iweekr
NeW Free communnly Hinee

Jlanuary 20th Janupry 2tBh- I
unistag star ltnnay


soulwnig


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THE TRIBUNE


The House of




Assembly has



turned. into a


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THE TRIBUNE


FRIDAY, JANUARY 11, 2008, PAGE 5


for questioning in connection
with the murder of Gerald
Joseph on September 9, 2006
at the International Bazaar
in Freeport.
He is 6'4" in height, and is
of Haitian nationality.
Gerve's last known
addresses were Pinders Point
and Hunters in Grand
Bahama.
Police said that they con-
sider all of these men to be
armed and dangerous and ask
anyone with information on
their whereabouts to call
police in Grand Bahama at
350-3106, 352-9774/5 or the
police control room at 911.


2008 F


0l~


~II


POLICE have issued all
points bulletins for three men
wanted for questioning in
connection with three mur-
ders in Grand Bahama.
Lester Eugene Adderley,
26, is wanted for questioning
in connection with the mur-
der of 31-year-old business-
man Konstantio Vardoulis on
April 12, 2007. .
He is 5'6" tall and his last
known address was number
455 Hawaii Avenue,
Freeport. .
Police report that Adder-
ley is both Bahamian and
American.
David St Remy, 32, is want-
ed for questioning in connec-
:-2 -ihnthe 2udr fROOT
St Remy stands at 6.'4",
weighs 1851bs and is of Hait-
ian descent.
Carlo Gerve, 21, also
known as Graves, is wanted


b~8~** I- Is CaROvGsERVE, 21, also known


J. Barrie Farfington to receive the


Cacillue Lifetime Achievement Awr


ONE of Paradise Island's bedrocki team mem-
bers and an icon in Bahamian tourism John Barrie
Farrington has been selected als the Lifetime
Achievement Award recipient of the 12th annual
Cacique Aw~ards.
Mr Farrington will be formnally presented with
his "duho" trophy and winner's plaque on February
1. when the Caciqlue Awards ceremony will top off
National Tourism Week at the Rainforest Theatre,
"The impact that Barrie Farrington has had on
Bahamian tourism is profound." said Janet Johnson,
director of product development and events strate-
gy in the Ministry of Toudism. "The Cacique is syn-
onymous with leadership, and he has certainly
demonstrated impeccable leadership in tourism for
several decades. There is not a more natural choice
for the Lifetime Achievement Award at this time."
Several of the most prominent leaders in the
Bahamas have strolngly supported Mr Farrington
as the choice for rLce~iving~ thet Life'timel Achievement
Award for the 12th Ca1ciqueI Awr\'Tds. They pointed
to his dedication and extensive contributions to
tourism for more than half a century.
"For more than 30 years now, Mr Farrington has
played a very important role in the development.
direction. and success of tourism in the Bahamas and
should be recog~nised for his efforts." said George
Myers, chairmlan of' the My.ers G~roup of Companies
and a past Lifetime Achievement wvinner.
Mr Farrington entered the tourism industry' in
19)54, when he began his career as anl accounts clerk
for Nassau-Marine Services Ltd. the owner and
operator of the Nassau Yacht Haven and Pilot


House Hotel.
He was rapidly promoted through the ranks to
president of the company by 1967. In 1968, the busi-
ness was purchased by Condotel (Bahamas) Ltd,
and Mr Farrington stayed on as vice president, trea-
surer and director.
In December, 1971 Mr Farrington joined Par-
adise Island Ltd, owner of Paradise Island Casino
and in March, 1973, he was appointed vice president
and treasurer.
Resorts International (Bahamas) Ltd was formed
in 1980, and he was promoted to senior vice presi-
dent. The company was acquired by Sun Interna-
tional Hotels Ltd in May, 1994.
Mr Farrington now holds the position of senior
vice president of administration with Kerzner Inter-
national.
On the world stage, Mr Farrington has repre-
sented the Bahamas Chamber of Commerce at a
forum in Ft Lauderdale and one in El Salvador.
He has presented two papers on "Competitiveness
in the Creation of Jobs." Under the auspices of the
Nassau Institute, he shared the same platform as
the president of El Salvador.
"Mr Farrington holds a strong belief in strength
ening the educational system. and he has trans-
formed his convictions into action.' said the Cacique
committee.
"Through the Bahamas Hotel Association, he
has played a major role in partnering with schools to
ensure that students are exposed to the industry at
an early age. He has put a lot of work into encour-
aging education reform.


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pPaiseS F8Prilgtoln
ACCORDING to the
C ciquesAward cmmittee,
Achievement Award win-
ner J Barrie Farrington
continues to foster the
improvement of tourism
and the Bahamas in general
on a number of levels.
The committee noted his:
*Active participation in
the Bahamas Hotel
Employers Association's
administration for more
than 27 years. He is cur-
rently serving his 26th term
as president of the associa-
toService as a trustee of
the Bahamas Hotel and
Allied Industries and the
Bahamas Hotel Industry
Management Pension
Funds smece 1979
*Service as director of
Commonwealth Bank
*Service as chairman of
the Board of Bahamasair
Holdings Ltd
*Service as chairman of
the board of BSL Holdings
Ltd of which the major
shareholder is Bahamas
Super Markets
*Service as a member of
the FTAA
*Working as a member
of the Advisory Council to
the Ministry of Labour


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THE TRIBUNE


PAGE 6 FRIDAYJANUARY 11, 2008


.



)~~~' `1 r


politician in the twilight of his
career.
THE SAD SLAYING
OF AN INNOCENT
STUDENT!

HE slaying on Bay
Street of young C
Walker student (12 grade)
Deangelo Cargill, as he waited
for a pitney on the first day of
school, is a new low for our
country.
It is frightening that young
hoodlums would unload a gun
in the heart of our tourist dis-
trict, in the midst of throngs of
tourists and locals, and during
the peak period for activity.
The criminal element in this
country is no longer confined
to the Over-the-Hill ghettoes,
as they observe no boundaries
;Id thre 's nowhere that can
he considered a safe haven.
Reportedly. the brazen gun-
man who endedl Deangelo's
life was a scorned lover in hot
pursuit of his love rival, but he
missed hisbtargetdand killed an
innocent bystan er ins ead.I
these reports are true, our
nation is only producing
hordes of youngsters who can-
not accept rejection and lack
the ability to peacefully resolve
conflicts.
It appears that the Bahamas
is becoming a nation of anti-
social, piggish youngsters.
PMH is a baby factory that is
turning out future criminals,
as at least one of every 15
babies is a potential criminal
and 95 per cent of children are
born out of wedlock.
The bold, day-time shoot-
ing on Bay Street shows an
absolute disregard for our
tourism industry that gener-
ates 90O cents of each dollar
earned locally. T`he idea of
tourists scrambling for cover
or- running into stores when
the? cameC to this country for
tzanquil vacation is troubling.
In reminiscing about the
murder of his young classmate.
my bother (Lanado Giibson),
who- was in a biology class with
Deaingelo, said:
-He was the class clown -
he was real cool! He knew
many people and was very
popular, and he loved name
brand clothes.
--He got his nickname
'Patches' because he always
had a patch at the back of h'is
head." he lamented.
,oD angeo a peare dto ob
about his future, becoming a
certified divie instructor at his
tender age, unlike many
youngsters who tl te an
whnte ltoitng the i nexoniist.
student in the heart of our
tourist hub should be a wake-
up call to Bahamians, as our
country is speedily becoming
a lawless, anarchic place.


SBy ADRIAN GIBSON
ajbahama~hotmail.com

KENYATIA Gibson's
Resignation fromn the
PLP on Wednesday has fur-
ther weakened the party's
position and makes the Oppo-
sition's election court cases vir-
tually irrelevant.
The onslaught of dissenting
voices in the PLP's upper ech-
elons indicates that more than
a handful of members may be
disenchanted withi the party's
leadership.
It appears that both Ray-
nard Rigby and Kenyatta Gib-
son have discovered that the
PLP is a disaster area, and the
former government was every-
thing the Tribune always said it
was a hapless cabal of baby-
kissers motivated by self-inter-
est.
In announcing his resigna-
tion, Mr Gibson (MP for
Kennedy) declared that the
PLP no longer held the princi-
ples of Sir Lynden Pindling,
Sir Milo Butler and Governor
General Arthur Hanna. He
said that he would no longer
be "trapped in the quagmire
of character assassination, self-
aggrandisement and catering
to special interests."
Mr Gibson's withering
statement implies that he
entered public life as a "young
idealist, devoid of cynicism"
noting that he was no longer
interested in belonging to an
organisation that has devolved
into a squalid set-up, intent on
always opposing and using its
members to filibuster recur-
ring parliamentary sessions.
The MP's decision to


science, as he also claimed he
did when resigning, Mr Gib-
son "unreservedly" apologised
and sought forgiveness for con-
duct that even he referred to as
regrettable and unacceptable.
At that time, I commended Mr
Gibson for being the first to
come out with an apology and
face the music, while, by his
comments after theC e'venlt. for-
mer PM Perry C'hristie seemed
to attempt to mislead the
Bahamiani public. He claimed
that the fight was "more appar-
ent than real."
The PLP should focus on
consolidating and rebuilding
for the next general election,
being under new leadership,
formulating and being able to
articulated the direction they
would wish to take theL country
and having an organisation in
fighting fettle. The party! must
rid itself of the uncontrollable
liabilities, who are irrational
and impetuous. and instead
infuse the party, with young.
bright newcomers. It is high
time that certain catastr-ophic
politicians now at the fore of
the party be tossed overboard,
or the PLP will find itself
hopelessly in the political
wildecrne~ss for an~other- decade
Or so.
Tlhe outlook for the Oppo-
sition seems to be eve'tn gIlooi-
or w~hen a~ party he~avyweigcht
like Philip G~alan~is caln dtc~laic `
that the PLP convention may


become an independent rep-
resentative in the House of
Assembly means that he is no
longer subject to the PLP whip
and, as it stands, may well
become a "hell-raiser" and a
thorn in the sides of both par-
ties.
With Gibson's exit coming
only nine months after the
PLP's defeat at the polls, the
party's parliamentary repre-
sentation drops to 17 rather
than 18, thereby opening a six-
seat margin between the oppo-
sition and governing parties
with one seat floating in the
middle that could potentially
Vote either way.
Reportedly, M/r Gibson's
stunning exit may' only be a
sign of fuILture ha~lppenlincs. ls
it is speculated that Malcolm
Adderley is firmly planted in
.the FNM camp, though not
officially. If MR/ Adderley
switches to the FNM, whatev-
er the outcome of the election
court cases, it is goodbye to
the PLP for the next four-and-
a-half years,
Mr Adderley, who was-just
buttered up and reappointed
as Galming Board chairman,
could very likely switch politi-
cal allegiance and wanlk across
the floor!
In 20016. Kenyatta Gibson.
along with former MP Keod
Smith. were combatants in the
infamous Cabinet Room
brawl. In following his con-


KENYATTA GIBSON announced his resignation from the PLP on
Wednesday 7


However, Kenyatta Gibson's
departure and questions sur-
rounding Malcolm Adderley
put the PLP at a gross disad-
vantage.
As the debate continues
about the former prime min-
lster s future as Part`y leader.
it is without question that the
timeic has comec for Mr Christie

During the five years that
he led theC countlry. Mr Christie
seemedllC In1capableC of making
decisions without a multitude
of opinions. He was at the Van-
guard of an unruly C`abinet
and a gove~rnment~l that was
entangled in allegations of cor-
ruption. Although the former
PM promised acciountability .
transparenc! a\ndi atr iict
adhere~ncet to~ his much hyped
Code of Ethics. he seemi~ngly
turned a lAn1d ;ye to the scan-
dals and lhc lc~cusatiolls of
his Idlnunllstlation. 1
T~he stool has been kicked
out from underneath Mr
Christic and he is left swing-
ing inl the li ndi with no-onec to
help him but a handful of polit-
ical outCaISts andl featherJ1-
weights. which is a sad com-
menCltary. to be mal;de abhout any V


fail to yield the necessary
"regrouping" of the party.
Frankly. if there are no
changes within the party s hier-
archy, the PLP could find itself
up a creek without a paddle!
I applaud Mr Galanis for
recognising~ that it would be
more benetlic~ial to, the PLP s
future devlo~~~pmentt if the palr-
tv: members would hotld some
in-depth and introspective dis-
cussion onl whyI tle palrtY lost
the governmetnt e~ven though
the economy was buoyant.
Kienyatta Gibson s resigna-
tion from the PLP is an indict-
ment of Mvr Christie's leader-
ship and should be a vote of
no confidence. The PLP is a
sinkling ship. but even as it's
going down. there appears to
be a mutiny against the cap-
tain.
The inter-party cannibalism
reportedly being manifested
withi n, the PLssanks seemed
to be a concerted thrust against
its dejected leadership.
TIhe whole point of the elec-
tion court was to buttress Mr
Christie's position with hopes
of fluke victories to fulfil the
absurd illusion of recapturing a
fe~w seats and forcing PM
Ingrahaml's hand.


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"Last year, Guinness Sting had a crowd of
35,000. This year, with the help of island
stubs we may get a little closer to,our goal of
45,000 patrons," said Howard Melntosh,


I I I I I -- ----_-


FRIDAY, JANUARY 11, 2008, PAGE 7


THE TRIBUNE


SENIOR Lieu-
tenlant Michael



run.


51


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IN THE SWIM OF THINGS: RBDF officers in the waters at the Coral
Harbour Base as they conduct the swim stage of the fitness test.

ROYAL Bahamas Defence Force~ commander Commodore
Clifford Scavella has once again joined his command staff, junior
officers and marines for the much anticipated annual physical fit-
ness test at the Coral Harbour Base.
Since the appointment of Commodore Scavella last year, there
have been rumblings from within the ranks that he is too strict and
too concerned about physical fitness. However, law enforcement
soluces and members of the public have told the press they welcome
his more rigid, "military" approach.
"The force's mandate, which includes protecting the sovereign-
ty of the Bahamas is also serious about the wellness of the mnen and
women of the force,"' said a statement from t he RBDF.
"Phygical fitness plays a vital role (in) the~ everyday duties which
the men and women are expected to perform daily.
"'It also gives the command a proper assessment of its troop's
state of readiness.'
As part of the exercise, which began on Monday, the officers and
marines are expected to complete a mile and a half run within a
specified time, then execute push-ups, sit-ups and pull-ups.
They then must swim 300 meters and afterwards, tread water for
at least three minutes.
This is followed by a dive to a minimum depth of 12 feet to
retrieve an object from under the water.
The exercise is set to last a full three weeks, and involves per-
sonnel from every segment of the Defence Force.


FEELING THE PRESSURE: Senior lieutenant Michael Saunders and Lieutenant Commander Gaye Major doin? DUSh-ups during the
annual fitness exercise.


ticketing
director .of Supreme Promotions. Island
Stubs reported that they sold over $10,000
worth of tickets in the first week of sales for
the Air Jamaica Jazz and Blues Festival.
"So many persons have approached us
to sell tickets online, but Noelle had the
right words, right system and right attitude
to make this work. And it's Caribbean,"
said Walter Elmore of Turn Key Produc-
tions.
Mr Elmore also pointed out that individ-
ual promoters are able to access sales data
f~or their events, which will enable them to
market directly to their- clients for future
events
We have faith in this product and see it
more than just selling tickets but also as a
tool to building networks which will bene-
fit Jamaica," he added.
Basil Smith, director of tourism for the
Jamaica Tounist Board, spoke of the JTB's
endorsement of Island Stubs: "Island Stubs
comes at a time when the JTB is heading
the 4th viehnsi n of nurk tin2. she Inter

Last year 40 per cent of our visitors bought
their packages online. Jamaica hosts a mul-
titude of events and Island Stubs facilitates
a need to market our events international-


Kingston,'Jamaica A Bahamian woman
is heading a pioneering new website which
sells tickets to events across the region.
On Tuesday Islandstubs.com officially
launched its new service. Tlhe launch was
held at Kingston Beer's Tue~sday Nite: Live
at the Village Caf6 in Kingston.
At the launch. Bahamian Noelle Nicolls,
director of Island Stubs. gave a visual
demonstration of how the site works.
She emphasised that it is an easy to use
system which cuts time in buying tickets.
Users can use PavPal. International c~red-
it c rds or Jamaican duarl currency credit

Ms Nicolls explained that the core ser-
vices of Island Stubs are "will call" ticketing
and "print at home" ticketing.
With "will call" tickets, event patrons
have the convenience of purchasing tick-
ets online and collecting them at the gate on
the day of the event while "print at home"
tickets are purchased online, printed and
presented at the event gate for scanning.
E che pit ta hom t cketdcuoanainpsra uns u
through a secure database.
Noelle also announced that Supreme Pro.
motions has joined up with Island Stubs to
sell tickets online for the 24th staging of
Guinness Sting.


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Wulff Road & Pinedale
STel: 323-3800 or 322-1431 Fax: 328-8852





ERROL RICHARD
JOHNSON, 67

:Of Miller Heights will be "'
held on Saturday January
12th 2008,11:00 a.m.
Service will be held at
Grants Town Wesley
Methodist Church.
;Officiating will be Rev. L'
SCarla R. Culmer assisted
:by Elder Anthony Walkine
Sand Sister Nathalie Thompson. Internment follows
SSouthern Cemetery, Cowpen and Spikenard Roads'

He is survived by his two daughters, Sabrina Charles
:and Leona Cooper; two sons-in-law, Willy Charles
Sand Vmecent Cooper; nine grandchildren, Benjamin
and Rashard Cooper, Willy, Megan, Deandra,
:JOhllatilon Johnson, Ray, Chavez, Sabrecio Charlers;
Stwo Sisters, Mrs. Vernita Helen Walkine and Mrs.
Martha Bullard; mother-in-law, Arabella StubbS
Sister-in-law, Leona Gilbert; brother-in-law, Edgar
SStubbs; aunt, Muriel Thompson; uncle, Herbert
JOhllSOll; DuIRrous Hieces, Patricia Coakley Theresa
Rolle, Sabrina Zonicle, Joanna Fox, Lavern Barr,
'Denise Walkine, Able Woman Marine Key Janna
SWalkiine, Lynette Green, Antoinette Bain and Andrea
'Rahming; numerous nephews, Elder Anthoy
Walkine, Mario Walkine, Terrance Mackey and
Carlton Bullard; numerous grand nieces and
Nephews, Tiffany, Brian, Ebony, Ethrin, Delisa,
Deanya, Donna-Rea and fifteen (15) others,
numerous other family members including, Janet
'Rahming and family, Gloria Munroe and family,
Maria Cash and family, Mrs. Christina Rolle and
Family, Mr. Moses Pinder, and family and the staff
qat the. Princess Margaret Hospital Male Medical.

:Friends may pay their last respect at The Rock of
iAges Funeral Chapel Wulff Road and Pinedale o~n
:Friday from 9:00 a.m. to 5:00 p.m. and on Saturda~y '
at the church from 12 noon until service time.


__


BAHAMAS' OLDEST MORTUARY
MARKET STREET
P.O. BOX GT-2097 TEL: 323-5782





Ag nes Ma ry M lorley,

76 yrs.,
a resident of Green Castle, Eleuthera. will be held at
Deliverance Revival Center, Green C~astle, Eleuthera on
Saturday at 11:00 a.m. Officiating will be Apostle C.J. Miller,
assisted by Prophetess Pastor Ruth Hynes. Interment follows
in Paw Paw Bay Cemetery.

Left to cherish her memory are her 2 daughters, Elouise
Morley of Green Castle Eleuthera and Roslyn Morley; 2 sonS,
Mlalcolm and Bernard Morley; 10 grandchildren, Gelnesa and
Shonell Morley. Rediesha. Roneisha and Gerantae Mackey,
Damon, Dashonna, and Denrick Morley, Malkeisha and
Racquel Morley: great grand children, Irvin Jr. and Coby; 2
brothers, Hezekiah: and Elisha Mlorley: nieces and nepheWS,
Patrice. Zanny. Venai~ ihristophier. Antoinne, Elvara Dean,
Ethel Niaois R;ivwnal~ ';ith! "l:!lne Robinson. Michael '
Portia. Deandra. Deno. Maxlne, Julle. Kevin and Junior; 4
sisters-in-law. Corlnetta Lee. Lo~rna Sweeting, Blanch and
Doliv Mofrley: J br,:thers-rn-law. Hasndolph Lee, Basil
Sweeting, Sam and Harris Mofcrley: special friends, Isabel
Miller, Mnarion Butler, Betty Mae Hall. Blossom Brown and
Veronica Culmler and Emimy Symoneltte; other relatiVeS
including. Nathalie Morley, Car netta an~d John Lee Ferguson
Hon. Oswald 'ngeb~r. ln Trenia. Corry L.eslyn. Lisa, Lavelle,
Devardo. Daphne uLnlla~ Shian. Tim. Enna, Shantell,
Lashan, Berthmae. Dwayne. Lenore. Shakia, Viola, Della,
Winifred, Nadine. Verna. Josephine, Veonna and Jestina
Brown. Aranese Sands, Maxine Morley, Spergion Neely,
Kayla Lightbourne, Leonza Whylly. Sheila Johnson,
Bernadette Forbes and a host of other relatives and friends
including, Leonna Wallace and Prophen Henry and Altomese
Marley of Sarasota Fla.

Friends may pay their last respects at Demeritte's Funeral
Home, Rock Sound Eleuthera, on Friday from 3-5 p.m. and in
Green Castle from 7:00 p.m. until service time on Saturday.


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de cr bd sto h e m a w o is n

His word and promises count for
nothing," he said.
MrGibsonfinishedhisscathing
statement with some advice for
his former party leader.
"Mr Christie, let me offer you
some advice that most of your
Parliamentary colleagues speak
of privately behind your back.
They are the words which
Cromwell uttered to an English
Parliament, 'You have sat too
long here for any good that you
have done, sir! Depart I say, and
let us have done with you! In the
name of God, go!"
Calls to Mr Christie for com-
ment last night were not
answered. Although a copy of the
statement was given to Mr
Christie's camp upon request, no
response was made up to press
time.

Cla tgg MP gggl'


trias n, g on' "f1 In on li11
He further noted that there
are~ no public bathr~ooms in two
of thrlce bu~ildlit s thatl accom-
mocdate jury trialls .
111ese court faicilities, Mr
D~'Agu'ilar sa~id, mn 2006( had to
harndle 300) new cr~im~inal matters
filed, 1,388 new, common law,
equity and commrcl-cn matters,
758 new family matters filed and
741 new applications for probate
- "'making it a total of 3,187 cas-
es filed before the courts in just
one year."
Mr D'Aguilar quoted from
the FN M's manifesto 20)07
which stated that government
intends "to construct a new
su reme court complex to pro-
vidpe modern facilities for all per
sons involved in the judicial
p process and facility te the
apintmentsof commercial la

le~uiseenten of the financial ser-
"My only comment o.n thalt -
the time is now, de iver," he
said.


FROM page one

in my press release of January, 9,
2008H. Mr Christie is a master of
character assassination and an
expert( proponent of sell' aggran-
dlizement,
"'ndeed all would recall how
onl every available occasion dur-
ing his term in office he took the
opportunity to remind the coun-
try that he spoke 'as Prime Min-
ister of the Bahamas' as if he
would have allowed us to forget
it. This washed up, has been, ego-
tist may as well claim that he cre-
ated the world in seven days, as it
is clear from his release that he
fancies himself a god of sorts,"
Mr Gibson said,
The former PLP MP said that
he had hoped to leave the' party in
peace. In fact, he said, he had
deliberately withheld any further
comment on the matter in order
to foster such an atmosphere.
uHowever,hhe said, tis is obh"-

in mlr bhristie knows full and
well the background behind my
renomination as he made many
promises to me as regards the


lifestyle, his business, or the fabrication that he has entered into some
"back door"' partnership with the FNM.
While initial reports reaching The Tribune from some PLP insiders sug-
gested that Mr Gibson might have brokered a deal with Prime Minister
Hubert Ingraham, the majority of high ranking PLPs believe otherwise.
Mr Gibson has yet to officially state his reasons for resigning from the
PLP only two days ago. However, it is understood that the MP may
have been "fed up" with what sources claim was Mr Christie's constant
attempts to "manipulate" his own caucus.
son Mdy PLParinsidernhave Mtared t> blme the depdarr ofMPMrOGib
Wilchcombe.
A number of sitting and former PLP MPs confirmed what is widely
being circulated among the political landscape that Mr Wilchcombe is
somehow behind Mr Gibson's departure.
The genesis of this argument, the MPs believe, is to embarrass PLP
leader Perry Christie and force his departure from the leadership of the
party.
'"Take a good look at Obie's statements in your paper this morning (yes-
terday's edition). Re-read that in its entirety and tell me if that doesn't
sound like a man who's pushing for the leadership. He wants to be
leader, and this is a part of their game," the source remarked.
With the PLP's February convention only a matter of weeks away, it
is believed that Mr Christie may face a hard battle to maintain the lead-
en thise hpallgers for the top post include PLP MP for Bain and
BG as TiOw D IB rnbud Nottage, and PLP MP for West End and


THE TRIBUNE


same. But it is now convenient
for him to distort those events.
Again no surprise. Mr Christie
has once again revealed himself
to be the cowardly bully that
many in his party know him to
be,
"He cannot discipline the older
boys and girls in the high school,
so instead he walks over the pri-
mary school and beats up~ the
younger children. I understand
that there may be some ambigui-
ty as regards my said press
release. So as to make it clear I
wish the record to reflect that Per-
ry Christie is no longer fit to lead
the Party of Pindling, Butler and
Hanna.
"He is arch-mediocrity, captain
of all things small and petty, mas-
ter of all things which are insignif-
icant and void. He is best

FROM page one


JusticO SYSISm
lem. Come up with a plan to
make our justire system work.
Build the 20 .. 30 courts thAt
you nIeed, hire the judges and
rnagistra~tes that you nee~d. Hire
the stenographers and hlireL coIn
petent well trained prosecutors,
bring in foreigners ifyou ha~ve to.
Modernise the systeml to allow
prosecutors to dispense with cas-
es in a more timely manner, (ie)
plea ba gamu ,g" he said
Mr D gui ar saidta
according to Chief Justice Bur-
tonl Hall, there are some 10
Supreme Court Justices in Nas-
sau spread over five different
buildings.
Those courts, he said, employ
some 200 persons, "whom (Sir
Burton) can neither hire nor fire,
(smece) they are considered civil
servantsree of the courts can
accommodate jury trials, but
there are only two jury deliber-


FROM page one

to "think big, do something
meaningful and concrete."
"Do not maintain the status
quo,' he sai Co
The Chamber of Cmmerce
president said that hv all
accounts the judicial system is
..completely overwhelmed.
T~?he1re are not enough courts.
There are not enough judges anl d
magistrates.' There are not
enough prosecutors, and so on
and so on and so on. It definite-
ly hampers our ability to remaux
competitive with other jurisdic-
tions and to say that the govern-
nrient needs to make this one its
top three priorities for 2008 is
an understatement," he said.
Mr D'Aguilar said that he
does not understand why gov-
ernment cannot take some sim

ju cita yss may lying e
dtiie v o re tit thi ps t


I~rrex* 'sun a


Christle calls
of Assembly "
Mr Gibson said on Wednesday
that for the past three months he
moandee e poltc l 6 future befor
r felredes that kemn~gl cnwit oied
directly confronting Mr Christie.
"I was elected by the good peo-
Klned tog ade oUsdoru ca el
however, my previous partisan affil-
iation threatens to render thas-ser-
vice encumbered, deficient and
comprofiils~ed," he said. "I do n~ot
intend to spend the entirety of this
parliamentary session defending
legacies and decisions to promote
the advancement of the few.
Rtherc Isballsbpend this ima try-
glorious country for us all."
doHeo ao si "pn l0my e-edc
would uphold principles such as
these and endeavoureto m eb them
politic. Alas, however, many in
enjmir wo m chrcess sina
tion, self aggrandizement and cater-
ingtto special iterest. We thi i
Mine shall not be that course!"
Gei dealisoic statements by M~r
Christie more than two decades
ago hen he and Prm mMise;
den Pindling's cabinet in 1984.
'Hstr win juge harshldy ose
sense and permit loyalties other
tha th ose oswe tee eaton opc
ple they govern," said Mr Christie
afte rSirh synden dropped hi xas
supersedes that of integrity in
affairs of government and those
upon whom the people have called
to govern them are expected to
serve no other master than God
and country."
If Mr Gibson resigned because
he perceives Mr Christie as a poor
or weak leader, unable or unwilling
to reshape the PLP in the wake of
an election loss, he would not be
the first to slam the party before
departure.
In 2000, then Kennedy MP
Bernard Nottage left the PLP with
this parting shot.
"'My resignation comes because,
in my view, the party has failed to
restructure, retool and reform itself
since its general election defeat in
1992, and is not able to meet the
expectations and demands of the
Bahamian electorate in the 21st


180lf8" h Sai0tgI. ai



FROM page one

nection with the shooting death

Cargic Foleb. He i ai dno b
5 foot 7 inches tall, of dark
brown complexion and slim
build, weighing 1501bs.
If you have any information
regarding Edwards' where-
abouts, these are the numbers
to contact: Police emergency
919/911; CDU 502-9930/9991:
police control room 322-3333,
crime stoppers 328-8474 or your
nearest police station.


FROM~ page one

"Firstly, I am personally disap-
pointed that Mr Gibson would per-
petrate this kind of political treach-
e a ter I fougt nn mghtily oan his


Election just e ght short months
agoe PL leade st k aim at the
new Independent MP, stating that
Mr Gibson was among the last of
theedart 's candidates2t ble rati-
fie to ru nteMy2deet
'because of the very serious mis-
givm ss manydpersonsminthe party
and i enne y, and ine country
at large, had expressed concerning
his fitness for parliamentary office
that he waso dserio asocuond
ch nce, adchancehto redeem e m
has now shown him Ilf to be
unworthy of the cotiflidence I

oal disapo atme arinldead iti
a disappointment folr a great many
otr Chpri ti bauded Mr Gib-
son's abandonment of the PLP
ane isunnin tunde h e uatysdban-
"Any member of Parliament'
whe ehse whboeseerks and bans mye
support of the electorate as a can-

torate it, after winning election, he
jup s as it twere,dand disowns
elected in the first place," said Mr
Ch eGibson has now "lost his
legitimacy," Mr Christie said, and
12 e'"e s'othowth" si nthkaot "
people of Kennedy can be given a
fresh opportumity to decide who
should represent them in the House









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FRIDAY, JANUARY 11, 2008, PAGE 9


THE TRIBUNE


'A Rose and a

Fleur: Motion

and. Emotion'


opens today

TWO photographers whose
work spans more than half a
century and encompasses sev-
eral continents will exhibit in a
rare show at the Centrall Bank
gallery.
The show, which will be
open to the public, will open
on January 11 and close on
January 31.
Called "A Rose and, A
Fleur: Motion and Emotion",
the exhibit features the work
of Roland Rose and Fleur
Melvill-Gardner.
The work of Mr Rose, wide-
ly considered the dean of
Bahamian photography, and
that Mrs Melvill-Gardner, who
has shot in settings as disparate
as poverty-stricken Namibian
villages and well-heeled Euro-
pean yachting circles, collec-
tively reveals insights
which are as much about sim-
ilarities within the human con-
dition as they are about dif-
ferences-

POrtraits

Though both photographers
grew up in Nassau before Mrs
Melvill-Gardner left for adven-
ture, ports and portraits in far-
off lands, they never met until
last year. when a mutual friend
saw their individual work and
was stunned by the similari-
ties?, .
Fo Mr Rose, who took up
photography assaayoung boy
liymg on then hardly-populat-
ed Hog Island (now Paradise
Island), decades of work have
netted a collection which
immortalises many of the
Bahamas' most significant
moments.
"But beyond history-defin-
ing events, Rose and Melvill-
Gardner both capture emo-


ABOVE: a photograph taken by Roland Rose, and RIGHT a photo by
Fleur Melvill-Gardner.
"A Rose and A Fleur Motion and Emotion" will feature the work of
Roland Rose and Fleur Melvill-Gardner


tion, splril and soul a7Ccrss coCn-
tinents and the quadrants of
their exhibit faces. places;.
races and rituarls runi the'
gamut from the joyful cele-
brations of ble to the mo~urn-
ing that borders on spITIual
joy at iunetral pro~cssionj. rhe
passion of a drumme~r. t he
power of waltes \rlll\ .Ind
speed. the contrasts of~ \ en's faces, one a model of
indelible beauty, another
whose hard life belies her
age," said exhibit organizers
in a statement.
The exhibit opens to the
public January 14 and runs
through the month.
Gallery hours are 9am to
4pm dpily.


MIAN UFACTU R ING
COMPANY LIMITED


Veteran photographers




to exhibit in rare show


Touriom minister
Neoe Grant visits
Iungoway laceans


MiRnisIOP Of TOUPi85
MINISTER of Tourism
and Aviation Neko Grant
attended a special assem-
bly at Kingsway Acade-
my High School held to
recognize the new Junior
Minister of Tourism,
Katanga Armbrister-
Johnson.
The well-rounded stu-
dent won the title after
beating out his rivals in
several rounds of stiff
competition late last year.
Mr Grant spoke to an
audience of about 220
students, teachers, admin-
istrators, parents and
media representatives.
He challenged the stu-
dents to achieve as many
of the "eight principal
resolutions" for an ideal
Bahamas as possible.
These resolutions, he
said, follow the theme of
the ministry's domestic
campaign: "My Bahamas
- Let's Make It Better
Again"
The minister compared
the Bahamas to Sir
Thomas More's Utopia'
and pointed to the belief
th aetual thr ti a
greater need for order
and discipline in anyqqggi ,
egle told theraudience
that he wants a Bahamas
that is peaceful and safe '
impeccably clean, eco-
nonucally prosperous,
comprised of a well-edu-
cated populace, filled
with purposeful people'
p orsie, united and








THE TRIBUNE


PAGE 10, FRIDAY, JANUARY 11, 2008


FRIDAY EVENING JANUARY 11, 2008

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

Issues Round- Wahntn McLaughlin 8111 Moyers Journal (N) A (CC) Waking the Dead "Special Relation
O WPBT tbediscussion. We(N) Group (N) (CC) ship" A prominent government ofil-
(CC) cila Is murdered.
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01 WFOR Ai (CC) uncover the reason behind haunt- ~v~nicie rg lord kidnaps Josh. ok on the case o a missing In-
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WTVJwood(N) C ) Richard Rubin, Oscar the Grouch Gun" Colleges pressure Brian for a lagents descend on the Montecito.
adthe Dahm Triplets. veblcommitment. (N) A~ (CC) (N) A~ (CC)
Deco Drive Bones Brennan must identify and House "The Mistake" Chase's treat- INews (N) (CC)
SWSVN help reinter the remains that litter a Iment of a patient who died comes
cem tey (PA) (CC) under scrutiny. (CC)
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It was a day marked by
s orro w aZnd I respect as
Policemzen said farrewell to
Cons table 28C2 7 Ramos
Williamzs. The 26-year-old was
laid to rest following a funeral
at Lake View. Described as a
"promising young officer",
Constable Williams, of
Yamancraw Estates, wans gunned
down in fr~on~t of Th2e Tribune
on Deveaux Streuet last month.


HELPING HANDS: The mother of Ramlos Williams is helped to her seat


IPHOTOS:
iFelip6 Major/I'ribune Staff


I .


SundaylanuarY lath

Friday, January l1th, 2008

at 7:30 p.m. Nightly

at the East Stroot Tabernacle,
East St. and Sunllight VillagE
UNDER THE THEME:


"IT 'S MY T IME E..."
Hear anointed Soloists:
Antoine Cunningham, Philip Simmons, G~erard
Butler, G~raham McKinney, Sharon Chase &
Janeene Rahm7ing

Be blessed by the National Pr-aise Team, the
Na~tionlal Cru~sa~de Clhoir, andi the Tabernacle
Concerlt Choir
CRUTSADE CrO-ORDINATORS A.RE;
Ministers T~err~ance Forbes, Chevol Gray &
Miriam Curtis
COME. BRING THE FAMILY AND BE BLESSED!


FRIDAY, JANUARY 11, 2008, PAGE 11


THE TRIBUNE


i~f~~,..,FUNERAL~ OF P.C. RAMOS WILLIAMS


I' ';'


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PAGE 12, FRIDAY, JANUARY 11, 2008


STHE TRIBUNE


GRIEVING: The grandmother of officer Ramos Williams, Lilliam Williams, holds a rose which she
will place on the casket of her grandson.


~~~'5-
RAISING THE FLAG: The Police Colour Guard removes the flag
off the casket of Constable Ramos Williams.


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[A MI1lYjl G U ARD~I~ANt
INSURANCE' COMPANY LIMITED


*Kerzner says project to create 800-900
jobs at peak construction, and 450-500
permanent jobS ,
H Hurricane Hole redevelopment to start
next month, with completion in 2009
fourth quarter
* COnCeffl over fate of Bahamian busin~esseS
at Hurricane H~ole and Cable Beach,
with News Cafe and Zio Gigi's alSO
struggling for new location


Jurisdictional and
institutional capacity
the key, sayis
eCX-BFSB chairman

SBy NEIL HARTNEtLL
Tribune Business Editor

THE BAHAMAS is being held back from
taking on larger corporate financial services
business by "a lack of" jurisdictional and insti-
tutional capacity, a senior attorney told The
Tribune yesterday, rather than its attorneys.
Michael Paton, a partner in Lennox Paton
and former Bahamas Financial Services Board
(BFSB) chairman, said it was not correct to
suggest that the Bahamas was being prevented


Bahamas losing

ground in two
key industries

dos and Jamaica had enjoyed aver-
age tourist arrival growth rates of 3
per cent and 10 per cent.
Flonida's growth rate over the
same tune period was 4 per cent,
while Dubal had experienced a
remarkable 12 per cent growth mn
a ne factor behind the Bahamas'
reltvel lodw grwt iseMr n w
hotel room inventory had not
grown by much over the past 2

Drwn won oon aty of Tu is
stood at 13,000, while in 2006 they
11ad inreaned just 1 4 per cent
"For whatever reason, we've
been unable to keep up with the

SEE page 8B


GREAT GUANA CAY
Turn Key Business


vs~l~~ SEA SHORE V3LI

3 -28ed, 1-1/2 both villas
(J1 Swimming pool,
250' protected marina,
AM~f Laundromat, Gift Shop
& Storage Building

~ `I~HARBOUR VIEY
a.- SUNRISE .C~F~PII

1-2 Bed & 3-1 Bed units
Fully equipped & furnished


~1$3,500,000 gross

ABACO REAL ESTATE AGENCY
Marsh Harbour, Abaco, Bahamas
STel: 242) 367-2719 Fax: (242) 367-2359
www.abacobahamas.com


B~1~ FAM ILY GUARDIAN
I NSU RAN CE COM PA~NY L1 ~ fIM ITE

CHURCH AND EAST BAY STREETS, NASSAU, BAHAMAS P.O. BOX SS 1~; I


r ikT~


MBy NEIL HARTNELL
Tribune Business Editor
THE CHAIRMAN of the
Grand Bahama-based Bahamas
Film Studios project is resisting I
attempts to subpoena docu- I
ments from himself and his i
investment bank, which relate :
to an allegedly nso vedno inurd
anecmpany .ha r-oile
to the Bahamas to keep its assed
away fom lquid ors and cre -
Ross Fuller, and Stockton
Fuller &r Company, have filed a
motion to quash subpoenas
served on them by the liquida-
tors for Condor Insurance,
which was originally domiciled
in Nevis. I
Richard Fogerty and William )
Tacon are seeking the produc- !
tion of documents they believe I
Mr Fuller and his firm hold on I
Condor Insurance, specifically I
its assets and liabilities.
In their response to Mr
Fuller's motion to quash, the liq-
uidtor ya dge tat de d hi
Insurance's financial advisors
and consultants for about 10
years.
In addition, they alleged that
Condor Insurance "owned a
substantial number of shares in
Ashby Corporation", the
Bermuda-based holding compa-
ny that ultimately owned the
Bahamas Film Studios, the
Grand Bahama-based develop-
ment where the Pirates of the
Caribbean-II and III sequels I
were filmed.
SEE page 8B


r~L II i ~1,


r


r


FRIDA Y, J ANUAR Y


1 1 2 0) 0 8


dominiums at the back of the
Hurricane Hole Marina will
also be demolished, with
changes also made to the mari-
na itself.
The new, upgraded Hurri-
cane Hole area will include a
Marina Village, featuring shops
and restaurants, and a time-
share residential component
when Kerzner International is
finished.
The Atlantis and One & Only
Ocean Club owner previously
acquired H-urricane Hole Mari-
na, its condos and seven acres of
vacant land some two to three
years ago from its previous
owner, Driftwood, which was
backed financially by Lehman
Brothers private equity arm*
The purchase price for the
marina was around $24 million,
and then Kerzner International
last year acquired the Hurri-
cane Hole Shopping Plaza from
SEE page two


SBy NEIL HARTNELL
Tribune Business Editor
KERZNER International
yesterday said several hundred
construction and permanent
jobs would be created by its
redevelopment of Paradise
Island's Hurricane Hole area,
which is set to begin next month
and be completed by the 2009
fourth quarter,
The demolition and subse-
quent transformation of the
Hurricane Hole Shopping
Plaza, though, has left one well-
known Bahamian business
uncertain over its future, as it
has so far been unable to find a
suitable alternative location
with just six weeks maximum
left.
The News Cafe and Zio
Gigi's Ristorante &r Pizzeria
have "looked at dozens of
places", The Tribune was told
yesterday, but have been unable
to find any location that match-
es their requirements and set-
ting they enjoy now.
Together with Cafe Johnny
Canoe's predicament at Cable
Beach, where its lease runs out
at the end of the month, con-
cerns are mounting that
Bahamian-owned businesses
are being forced to move to
accommodate the multi-million
dollar development plans of
mega resorts such as Kerzner
and Baha Mar, with uncertain-
ty over whether they will be
able to return.


In regards to plans for Hurri-
cane Hole, Ed Fields, Kerzner
Intermitional's senior vice-pres-
ident of public affairs, told The
Tribune: "We expect to start
the construction process for the
new Marina Village in the first
part of February, which will
include preparation for and
demolition, and expect to be
finished no later than the 2009


fourth quarter."
Mr Fields added that Kerzner
International estimated the
H-urricane Hole redevelopment
would create between 800-900
jobs at peak construction, and
another 450-500 permanent jobs
when the redevelopment was
finished.
Apart from the Hurricane
Hole Shopping Plaza, the con.


rom breakn ini

tiessoecurtisaiton,
.. --- mrgers ; and
acquisitions and
lrager transactions
by any 'closed
) ; shp plc ipe
mented boiy thpe-
Bahamas Bar
Council.
The issile had
been raised at the
Bahamas Business
Outlook Confer-
ence by financial
consultant Richard Coulson, head of RC Capi-
tal Markets. He suggested that by clinging to the
SEE page 6B


ABy NEIL HARTNELL
Tribune Business Editor
THE Western Hemisphere Tray-
el Initiative's (WHTI) US passport
requirements have been branded
as "an easy excuse" for the down-
turn mn tourism arrivals, a KPMG
partner arguing that this would
have been mitigated if the
Bahamas' tourism product and ser-
vice quality were up to standard.
Addressing-the ninth Bahamas
Business Outlook Conference,
Simon Townend, who heads the
nPMG Coelat bFinancse hpeae


against rival Caribbean destinations,
Tlord an emerging markets such

:Ay sing the v g growh
Bahamas had achieved a growth
ra t otiare Caib avals, such
Cub hadm aie edR auul caanrd
age growth rates of 7 per cent and 4
per cent respectively, while Barba-


we ha ve m ov ed

Our BahamaHealth office

has relocated to new offices

On Church and East Bay Streets
Our BahamaHealth Office at Harbour Bay Shopping Centre has moved to new offices
on Church and East Bay Streets.
Visit or call Bahama Health at our convenient new 10cation.
Please note, parking can be accessed from East Bay Street onto Alice Street.
Telephone 396-1300
Fax 396-1301 or 396-1302 .D..M i


'Hundreds of jobs' fr om



Hurricane Hole project


POrt Authority
Share register

change sought:
WBy NEIL HARTNELL
Tribune Business Editor
THE LATE Edwar-d St
George's estate has applied to
the Supreme Court for an order
to amend the Grand Bahamaii
Port Authority (GBPA) anld
Port Group Ltd share regeister~s,
so that 50 per cent of thieir
respective shares are placed in
the name of the estate's three
executors.
A notice filed within the
Supreme Court on Januaryi 7,
2008, revealed that the estate
would apply under the Compa-
nies Act for "-the Registers olf
Shareholders of........ Port
Group Ltd and GBPA be recti-
fied in such manner....... so asl
to reflect that 50 per centl of' tie

SEE page 4B


SUS passport need




Ffo tOUrlill W~OeS


.

'








I larwlln~


~CPICTET
1805

PICTET BANK & TRUST LIMITED



Is ss k ng to hire a qualified young Bahamian for the following



ASSISTANT TO THE INVESTMENT

STRATEGY TE14


REQUIRED SKILLS:-
-Strong organizational skills.
-Ability to function independently but work as part of a team
-Ability to function in a high volume, high pressure environment

EDUCATION AND EXPERIENCE:-
-Chartered Financial Analyst (CFA) or at least at level 2 pass.
-Strong accounting background.
-Proficiency in Microsoft Word and Excel.
-Knowledge of French or Spanish would be an asset.

ABSOLUTELY NO TELEPHONE CALLS WILL BE
ACCEPTED.


Please send Resume and two (2) references to: ,

The Human Resources Manager

BaySide Executive Park
P.O. Box N-4837

NRSSau, Baham~as



Offices in


Florence, Frankfurt, Genva, Hong Kong, Lausanne, London,
Luxembourg, Madrid, Milan, Montreal, Nassau, Paris, Rome,
Singapore, Tokyo, Turmn, Zurich


.NOTICE

ALBANY INVESTMENTS LIMITED
(In Voluntary Liquidation)


Notice is hereby given that at an Extraordinary General
Meeting of the Shareholders of the above-named Company
duly convened and held on the 4'h January, 2008 the following
resolutions were passed:

RESOLVED that Albany Investments Limited
be wound up voluntarily.

RESOLVED that Shareece E. Scott of Deltec Bank
&i Trust Limited, P.O. Box N-3229, Lyford Cay, N.P.
Bahamas be appointed the Liquidator of the Company.



SShatreece E. Scott
Liquidator


CF~A Soc ie ty of The Bahamas


2007/20080ficers&B Disecto~s
Pre dent M. Fox, CFA
CrrT Holdings Ltd
PO Box SS-19140, Nassau, Bahamas
Ph: (242) 363 1501 Fax: (242) 363 1502
Email: kfmcrit.co.uk
Vice-President
David jRamirez, CFA
Pictet Bank &Trust Ltd.
PO Box N-4873, Nassau Bahamas
Ph (242) 302 2217 Fax: (242) 327 661o
Email:dramirzzbp ictet.com
Treasurer
Christopher Dorsett, CFA
Citigroup Corporate &1Investment Bank
P (o24) 302 868 F: (2 2302 8569
Emnail: Christopher.a.dorsett~~citie~roup.coml

co~ teneby, CFA
scotiaTrust
Po Box N 3016. Nassau, Bahamas
Ph: (242) 502 5700 Fax: (242) 326 0991
Emanil: son ia.ben eby~scotiatrust.com
argrammingrCA
~FGi Bank & T'lrust(CBahamas) Ltd.
PO Box SS 6289, Nassau, Bahama
mai (242) 502 50 Fax:(2) 502 5428
Education
Pamela Murrgrove, FA
PO uox CB 1 40, Nag abamas
Ph: (2412) 502 7008 Fax: (242) 354 3677
Email: pmluslrove(~fcfal.com
Warren Pulstam, CFA
Picket Bank & Tmust Ltd.
Po sox N-4s73. wasau sahamas
Ph: (242) 3022222 Fax:(242) 327 6614
Mail: w Dustam blotmailcom
Memnbership
Geneen Riviere
PearlInvestment Management Limited
810 B 22) 45() 02 Fa: (24250 8008

Past President
David Slatter, CFA
KPMG ~
Po nox N-123, Nassau, Bahamas
Ph: (242) 393 2007
Emnail: dslatterrdkome.com .bs

s vEF
PFSusIQNRut


Presnank on: Beyond Behavioral Finance The Neuroscience of
Investment Behavior: Modern financial theory postulates rational
expectations and efficient markets. For almost 20 years now, behavioral
finance has shown that the conduct of the players in the financial markets -is
by no means always rational. However, like behavioral psychology, it limits
itself here to a descriptive approach: a stimulus is followed by a (frequently
binational) response. Behavioral research cannot know and does not wish to
know wrhat happens in between, within the black box that is our brain. The
new imaging techniques used in brain research now allow thought and
sensation processes to be tracked, opening up the way to the discovery of first
causalities of behavior. From this devolve seven ideas that will be of interest
to inVCstors.

Speaker Biography: Dr. Henschel, longtime managing director of WestLB
Research GmnbiH, now is a senior consultant for WestLB1 AG. From 2000 to
2003, he was the founding president of the German CFA Society and
currently serves as the board's liaison chair and as a President's Council
Representative for the EMEA-West region. Dr. H~enschel served on the
investment committees of a number of investment funds, was a member of
the board of INQUIRE (The Institute for Quantitative Investment Research,
Europ~e), and served on the CIFA Institute Global Council and Corporate
Governance Task Force. He is the author of three books and numerous
articles on economics and investment research, is a frequent speaker on
methodology of investment research and current investment strategy, and is
actively involved in the discussion of regulatory issues with the German and
European regulatory authorities. Dr. Henschel studied economics, business
administration, and political science at Freie Universitaet in Berlin and Knox
College in Galesburg, IL, as well as in Paris and Bochum, Giermtany. He also
served as a part-time lecturer at various universities.


01111111 Sands Resorts & Manina
is seeking an
EXECUTIVE CHEF to Live and Work on
Thte Island ofBimrini
This high profile, contemporary resort is seeking
an Executive Chef with food art experience and a
portfolio to back it up. The right individual will be self
motivated and ready to express all of the creative
requirements expected in a tropical island paradise.
The best candidate will have high volume experience;
comprehensive profit & loss knowledge, training
experience and know how to motivate and get
the best out of associates and will have a current,
modern an contemporary portfolio and able to submit
Photos if asked.

Salary will reflect experience and skill set, plus a
Structured bonus program. Relocation to the island
will be provided along with living assistance.

If you meet the above qualifications, please forward a
formal resume to frankir~dbiminisands.com

Only the most qualified candidates will be contacted.

Key Words:
Executive Chef, Bahamian, Contemporary, Food Art


t


PAGE 2B, FRIDAY, JANUARY 11, 2008


Hole involved turning the exist-
ing plaza into a location featur-
ing 14 shops and four restau-
rants, the latter all franchises
from the US.
When asked whether the
News Cafe would apply to get
back into Kerzner's Marina Vil-
lage, Mr Cahill said this was
unlikely because the business
would be unable to afford the
rent charged by the Atlantis
"We'd have to double our
prices on everything just to cov-
er it, and would lose the local
sad fth wikely rnt a 1 n
that Kerzner charged its retail
tenants around $110 per square
foot.
Meanwhile, over at Cafe
Johnny Canoe, co-owner Ha r
Pikramenos said that while they
were still looking for an alter-
native location, "at the end of
this month it's the end at this
point. We haven't had any
luck".
"It seems as if the big boys
are taking it all," Mr Pikra-
menos said. "So much for
Bahamianisation and all that
political rhetoric. Bahamians
are being left out of the bigger
picture, and this government
and the last one campaigned on
Bahamians being included in
the great expansion.. Bahami-
ans are being left out of the
boom.
Yet neither Kerzner Interna-
tional nor Baha Mar havi done
anything wrong. It is only nat-
ural for them to want to rede-


velop assets .they acquire and,
much as in the case where a
landlord sells up to a new buyer,
the residential tenant often has
to move on, too.
Dionisio D'Aguilar, the
Bahamas Chamber of Com-
merce president~, took a san-
guine view of the situations at
Cable Beach and Paradise
Island.
Beach hH tal has h isedNy an
has to be demolished," Mr
D'Aguilar said. "It's unfortu-
nate that there are businesses
inter bat te fciltn htaeao
son to hold' up demolition of
the hotel."
He urged Cafe Johnny
Canoe's owners "to endeavour
to replicate that somewhere
else", aTd be prepared to com-
promise' slightly on their loca-
tion requirements.
As for Paradise Island, Mr
D'Aguilar said: "Hurricane
Hole's a little bit more vexing,
and a bit more troubling. It had
some great businesses there that
made a nice living for a number
of Bahamian families, so that's
more troubling."
However, he pointed out that
through the quality of its prod-
uct, Kerzner International cre-
ated opportunities for Bahami-
an businesses, especially those
with high-quality products. With
the customer traffic the resort
operator generator, Bahamian
businesses "should succeed"
even though rents were "'very
steep" at $150 per square foot.


Topic:

Date:
Time:


"Beyond Behavioral Finance the Neuroscience of
Investment Behavior"
Friday, January 18" 2008


12:00 pm
12:30 pm


General Meeting
Speaker


PleaSe Brrive prOmptly!
British Colonial Hilton
Dr. Helmut Henschel
Senior Consultant for WestLB AG
Wuppertal, Germany
Members $25.00 Non-Memnbers $35.00i
(If paying by cheque, please make cheque payable to: CFA
Society of The Bahamas) .
PRE-REGISTRATIION REQUIRED by Wedinesday
January 16* 2008
Karen Pinder, CFA .
karen. pinder@efgbank.com
*Prepaymeant required through one ofthe Board Members


Location* '
Speaker:


Cost:


Reservations:


THE TRIBUNE


'Hundreds





Of jObs' from




Hurricane





Hole project


FROM page one

a consortium including attor-
neys Emanuel Alexiou and Col-
in Callender, marking the final
pece of its Hurricane Hole jig-

cWie omeos eistn a urn-
"gaca their pemnues bythe ea
and Zio Gigi's have until Feb-
luadry008, The Tribune was
While some tenants, such as
the FirstCaribbean Interna-
tional Bank (Bahamas) branch'
have found alternative accom-
modation at the shopping plaza
across the road or at Harbour
Bay, the News Cafe and Zio
Gigi's have found the re oca-
tion search much tougher.
manaertl The Trbn ct
the ubnuin n, whliech em loy
aoncatinowidivhe r pakng and
concept was to thrive and pros-
per.
"That's the two things that
we just cannot find," he said.
"'We've looked at dozens of
places. There's nothing left on
Paradise Island. There's no
point in going somewhere for
the sake of it. We're still looking
and lokng hrd. Thoan s th e
seating, parking. That is why
this place is so successful.'
Mr Cahill said his under-
standing of Kerzner Interna-
tional's plans for Hurricane


MONTHLY SPEAKER LUNCHEON EVENT
















5 St





*


Cito Fund ServicesY is a division ofT the Ci(co Group of 'compan;liLe and is the largest
independent administrator of H-edge~ Futnds inl the world with o~ffces in Cuirarrao, Amsterdam,
D~ublin. L~ondon, Luxmbourg, Miaimi, New York, T'orontto, Halifax, Caymnan Islandfs, the British
Virgin Islandls. T'he B~aham~tas, iGermuda, San F~rancisco, cSii.ingplre. Thle Channel islands and
Sydney. lThe division prorvides fitlli service: administration to over 2?,000 H-edge Funds for
ru~ltinat~ionacl banlks and international investment Managrers, totlalingi over $600f billion in net
assets.

-- :.... :~;1. .


A~s part of our1 continued exspansionl, in our onilec in Bahamas, we are looking for a number of
motivated and prto-active

(Senior) Fund Accountants


Yotur most important taskrs and resp~onsibilities are:
preparing periodical financial re~porting For the H-edge Funds, including the
dletenninatlion of "Net Asset Value" anld preparing the Statement of Assets and
~iabilities anld Profit and Loss Statemlent and maintaining contact with Investment
MianagerFs, investors, Batnks and fBrokers
monitoring of-irregularities and developments throughltad-hoc reports
liarisin~g with international clients and other Citco O)ffices worldwide, to ensure that
client expectations aremtnc

'The successfull candidates should meet the fo~llowing, criteria:
I a:tt CPA or C designation. at CF:A candidate or another equivahlen professionals
qualification
kinow\ledgec of comlpkxs 11nancial instruments including derivatives and CYTC securities
a teamII playerabItle' to 20cp w:ith individual re~sponlsibilities
high~ly accurate anid eeclient comm~untication~ skills
*It llwe yers expe~rience in the financial area or at anl accountinglaudit firml is required

We offer you: a challenging job in a rapidly expanding international company, with an informal
company culture.. You wvill have the opportunity to broaden your job specific knowledge with
excellentt prospects for a futrthter intemtatiorial carter inl one of our worldwide offices.

If~ you are interested lin this opportunrity. please senld your curriculum vitae and covering letter via
e-mail at the latest on January 16'h. 20018 to: Citco F~und Services (B~ahamas) Ltd.,
(hrbahatmas~ii citco. comr). You can find mlore information about our organiziationl, onl our webzsite:
\\1\'\.Ci Ico.O.om


Mn ger Nee ded

A retail clothing store has the need of
a Store Mlanger. You must be able to
nmake monthly sales target. supervise
sttaff imlplemen a marketing strategy
and nmnaget all operations of the store
The successful candidate must hav~e
retail experience, be computer liter-
ate and have the ability to complete
rimely projects. Applicants should
submni a resume. passport, picture,
and valid police record to:

The Manager's Position
P.O. Box N-8929


FRIDAY, JANUARY 11, 2008, PAGE 3B


The hope is the majority of
those additional $4 dollars
goes to Bahamians through
spin-off opportunities. The
dollar of direct investment
is hopefully just the start
of it."
Mr Anand said there was
no reason that a new busi-
ness opportunity cannot be
created in the Bahamas.
He enco ur aged the
Bahamas to start thinking
about the next great idea.
His personal suggestions:
Approaching Cornell Uni-
versity or Auburn Univer-
sity, which have "fabulous
hospitality centres. The
Bahamas needs highly
qualified skilled persons in
that area." Mr Anand said.
He said that it would be
a great idea to get Cornell
or Auburn University to
start a satellite campus in
thsioutyeridea would be
to have the Bahamas estab-
lish itself as a call centre.
"If we pick three things
and apply them to every-
thing that we do, then we
can showcase those issues
and have interactive con-
17ersations," he sai .
In closing, Mr Anand
said that to facilitae for-
eign investment, infra-
structure, airport security
and tele communications
have to be in place.


SBy CARA B
RENNEN-BETHEL
Tribune Business
Reporter
INVESTORS in the
Bahamas are faced with
costs that are $0.70 higher
on every $1, a leading
resort developer said, due
to high labour costs and
customs duties imposed on
imported goods and sup-
plies.
Addressing the Bahamas
Business Outlook Confer.
ence, Christopher Anand,
managing partner for the
$1.3 billion Albany devel-
opment in southwestern
New Providence, said:
"The encouragements in
the Hotel Encouragement
Act partially offset those
things, but we have a real
tax in doing business here."
be ore atshe Go enam
gazzetted the vesting of the
land purchases for the
southwest Bay Street road
re-rout~ing, one of the last
steps in getting the $1.3 bil-
lion project going.
At the conference. Mr
Anand added that there
were many ways that the
Bahamas can diverse its
direct foreign investment
strategy to create a centre
for wealth and excellence,
but a state ic plan was
needed.
Foreign investments
always involved a private/
public partnership, and Mr
Anand said: "Nothing can
happen without that, and'
this country has the beauty,
nrxm ty nd dfatvoourtab
investors. Everything ta
should revolve around that
V1510H I
He said that if there was
no strategic plan in place'
then investors can come in
without the proper due
diligence mechanisms in
place.
While the Bahamas has
the core competencies in
tourism and financial ser-


( -"
1


vices, Mr Anandc warned
that Jamnaica was working
to establish itself as a cen-
tre for financial services,
while Bermuda was the
insurance capital he added.
He added that investing
in a country was not just
about m king money).rhs

an obligation when they
come into a country to
recognize what is culturally
important to that country
and use their goods and
service and labour," Mr
Anand said.
In the case of Albany. he
said they were trying hard
to ensure that the Bahamas
will be a better place
because of what they are
doing.
"We have a responsibili-
ty to do great things that
w ill bene fi t e ver yone
ar ound dus. Good things
happen when genuine per-
sons with lots of money
hose htoom aket a pilta <
through the community in
terms of philanthropic
activity and employment
opportunityy" he added.
"When we put a dollar in
the ground as an investor. I
couldn't quantify it exactly.
but I bet it creates $4 dol-
lars of opportunity around
where that dollar is spent.


'9


A multi-restaurant group of companies is seeking applications for the
position of Financial Controller to ta ke control of its fi nance functions. With a
n umber of franchise stores and several fine din ing resta grants, the group is
looking to further consolidate and grow its position within the market.

The Financial Co'ntroller, will report directly to the Chief Financial Officer, be
expected to work independently and will be responsible for the following:-

*Training, Leadership and management of the accounts staff.
*Preparation of Financial Statements and Monthly Reconciliations on
a timely basis.
*Preparation of Budgets and Cash Flow Forecasts.
*Monitor and, analyze monthly operating results against budget and
previous year.
*Analyze and evaluate existing procedures and implement
improvements as necessary.
*Establish and implement short and long range departmental goals,
objectives, policies and
operating procedures.

To be successful in this role, candidates must meet the following criteria:-
*Bachelors Degree in Finance and/or Accounting. Professional
accounting designation of ACCA, CA or CPA desirable. Minimum of
five years experience in senior-level finance or accounting position.
*Strong leadership and management skills are essential.
*Ability to analyze financial data and prepare financial reports,
statements and projections.
*Excellent written, verbal communication and interpersonal skills and
the ability to motivate
staff to produce quality work within a timely fashion.
*Knowledge of Food & Beverage Operations and the Micros POS
system preferable
**Must be fully conversant and proficient with Microsoft Office,
specifically Excel,Word and Powerpoint and a knowledge of Real
World Accounting system would be an asset.

The position offers an attractive salary with a benefits package, reflecting the
successful applicant's experience and qualifications.
Applicants should submit resumes to:


Human Resources Department
P.O. Box N-4942,
Nassau, Bahamas
Or
Email: humanresources~arestaurantsbs.com


THE TRIBUNE





WASHINGTON (AP) Federal Reserve Chairman Ben
Bernanke pledged Th~ursday to slash interest rates as needed to pre-
vent housing and credit problems from plunging the country into a

rheTI d chief mlade clear the central bank was prepared to act
aggressively to rescue a weakening economy.
Bernanke showed his hand in terms of the Fed's likely next move
amid mounting concerns that the economy may be in danger,

NEW YORK (AP) The December sales results turned in by the
nation's retailers were dismal this year.
Many merchants who reported sales figures Thursday failed to meet
already lowered sales projections, making this the weakest holiday
season since 2002. Their performance led a string of stores to reduce
earnings outlooks for the fourth quarter,
The weak results crossed all retail categories,

NEW YORK (AP) A volatile Wall Street advanced Thursday
for the second day in a row, as investors found renewed confidence
in a report that Bank of America Corp. is close to~ buying struggling
mortgage Lender Countrywide Financial Corp.
After seesawing earlier in the day, the Dow Jones industrials fin-
ished up nearly 120 points on the afternoon report from The Wall
Street Journal. The stock market has been buffeted by.concerns
about fallout from the mortgage and credit crisis. Countrywide's
problems with delinquent and defaultmng loans have sent stocks
falling even in recent days.

CHARLOTTE, N.C. (AP) Capital One Financial Corp. said its
2007 earnings-will fall short of its previous expectations, sending its
stock to a new 52-week low and reaffirming the fact that turmoil in
the nation's credit markets continues.
The McLean, Va.-based credit card company said Thursday that
increased loan delinquencies and additional legal reserves in the
fourth quarter will cause the company to report a fourth-quarter
profit of 60 cents per share and full-year earnings of about $3.97 per
share, below its prior forecast of "about $5 per share."
The news, which wals announced early Thursday morning, con-
firmed fears by somne analysts that the collapse of the subprime
Mortgage market has hur t other credit classes.


NOTICE
NOTICE is hereby given that SHELLEY ANNE WARD OF
BAYCROFT APARTMENTS, MONTAGUE FORESHORE, P.O.
BOX N-7115, 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 4TH
day of JANUARY, 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Nassau, Bahamas.




NOTICE is hereby given that LOUISDIN ST. LUC of BACARDI
ROAD, P.O. BOX CB-13330, NASSAU, BAHAMAS, is applying
10 the Minister responsible for Nationality and Citizenship, for
fegiStration/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 11TH day of January, 2008 to the Minister responsible
90.. Natipna ty and Cftienshipg40 j~Pi:)N- 7147, Nassau, .
B'ahamais'.





NOTICE is hereby given that LUC HENRY TELFORT, EAST
STREET, ENEAS CORNER, NASSAU, BAHAMAS, is applying
10 the Minister responsible for Nationality and Citizenship, for
regiStration/naturalization as a citizen of The Bahamas, and that
any perSonl who knows any season why registration/ naturalization
Should not be g ranted, should send a written and signed
Statement of the facts within twenty-eight days from the 4TH
day of JANUARY, 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Nassau, Bahamas.



NOTICE
NOTICE is hereby given that GUYANNE SEMEUS of SAMSON
STREET, NASSAU VILLAGE, 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 9TH day of January, 2008 to the Minister
r'esponlsible for Nationality and Citizenship, PO.Box N- 7147,
N~assau1, Bahamas.





NoTICE is hereby given that GRAHAM MONTGOMERY WARD
OF BAYVIEW APARTMENTS, PARADISE ISLAND, P.O. BOX
N-7115. NASSAU, BAHAMAS, is applying to the Minister
responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and that
any edrsn who knowsealny eso wh d gstra eon natumsli ation
statement of the facts within twenty-eight days from the 4TH
day of JANUARY, 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Nassau, Bahamas.



NOTI CE
NOTICE is hereby given that WILSON CIMEUS of SAMSON
STREET, NASSAU VILLAGE, 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 9TH day of January, 2008 to the Minister


Responsible for Nationality and Citizenship, P O.Box N- 7147,
SNassau, Bahamnas


C Inrn ton nAs2f 8 C FA L'"

5w-Hi 52wk-Low Securit y Previous Close Today's Close Change Daily Vol. EPS $ Div$t P/E Yield
166 0.54 Abaco Markets 1.65 1.65 0.00 0.157 0.000 10.5 0.0%
11.80 11.00 Bahamas Property Fund 11.80 11.80 0.00 1.502 0.400 7.9 33%
9.61 8.03 Bank of Bahamas 9.61 9.61 0.00 0.612 0.260 15.7 2.71%
0.85 0.70 Benchmark 0.85 0.85 0.00 500 0.188 0.030 4.5 35%
3.4 1.75 Bahamas Waste 3.66 3.66 0.00 0.289 0.090 12.7 2.46
2.701.25 Fidelity Bank 2.65 2.65 0.00 0.058 0.040 45.7 1.51
12.25 10.00 Cable Bahamnas 12.25 12.25 0.00 300 1.030 0.240 11.7 19%
315 1.90 Colina Holdings 3.15 3.15 0.00 0.031 0.040 101.6 127
8.50 4.18 Commonwealth Bank (S1) 8.36 8.40 0.04 1.079 0.426 0.260 19.7 3.10
7.22 4.74 Consolidated Water BDRs 5.17 5.09 -0.08 0.129 0.050 40.0 0.7%
2.602.20 Doctor's Hospital 2.35 2.32 -0.03 20,000 0.316 0.020 7.3 0.86
7.35 5.70 Famguard 7.25 7.35 0.10 2,000 0.713 0.280 10.3 3.81%
12.95 12.02 Finco 12.95 12.95 0.00 0.829 0.570 15.6 4.40
14.75 14.15 FirstCaribbean 14.60 14.60 0.00 0.914 0.470 16.0 3.2%
s0 05 Fre r >Concrete O.7 O.7700 360 0.1 0.0 0 .
800' 7.10 ICD Utilities 7.25 7.25 0.00 0.411 0.300 17.6 4.14%
11.00 8.60 J. S. Johnson 11.00 11.00 0.00 1.059 0.590 10.4 5.36
10.OO 10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.0%

1k .6 O -1 >@5 Bahamas S pe mrkets la4 60 A K6$ Last0 Prc Weq o E 60 Di15185 1.4 Y8e.12%
8 00 6.00 Caribbean Crossings (Pref) 6 00 6.25 6.00 0.000 0.480 NM 78%
0.54 0.20 RND Holdings 0.35 0.40 0.20 -0.023 0.000 NIM 0.0%
Ii 00 .21 il 8008 ABD (T O 430.s 00 .s c J45l 2 '50 9 0 6 70'
14.60 14.00 Bahamas Supermarkets 14.60. 15.60 14.00 1.16'0 1.125 13.4 7.71%
0.55 0.40 RND Holdings 0.45 0.55 0.45 -0.030 0.000 N/M 0.00
5nk-H 52wk-Losr FunJ Name NA V YTD% Last 12 Months D v 5 Y eld C6
13758 1.2647 Colina Money Market Fund 1.375797*
37969 3.0569 Fidelity BahamasG & I Fund 3.7969^'
30008 2.4723 Colina MSI Preferred Fund 3.00076**
1.2827 1.2037 Colina Bond Fund 1.282687^
11.8192 11.3545 Fidelity Prime Income Fund 11.8192^**
MAR : T- o-:; 4-'cl 4:- *
BISX ALL SHARE INDEX 19 Dec 02 = 1.000.00 MARKET TERMS YIELD last 12 month dividends divided by closing price
52wk-HI Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity
S2wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity 4 January 2008
Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price 31 December 2007
Today's Close Current day's weighted price for daily volume Weekly Vol Trading volume of the prir week "" 31 October 2007
Change Change in closing price from day to day EPS 5 A company's reported earnings per share for the last 12 mths
Daily Vol. Number of total shares traded today NAV Not Asset Value
DIE Coin dpr ep ir haebded n tse ast 1 ont meoanrthgs FI DEX o Tee iingfty Bahamers Stock Index January 1, 1994 n 100
(S-4for-1 Stock Split -Effective Date 8/812007
s) 3-for-1 Stock Spilt Effective Date 7/11/2007









CItI
Join Cititfuat

(ahamas) Limited, Technology Project Leader

one of the most

established trust ROLE RESPONSIBILITIES
orgaizaion inthe Reporting to our Deputy Technology Head, the position is
OrganZ~tiO S in he rsponsible for all phases of the technology project management
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requirements, preparing project plans, writing technical design
documents, coordinating production support, overseeing user
We invite outstanding acceptance testing and managing all related project estimates and
individuals, wanting to build a financial budgets. Additional responsibilities include ensuring
08f99f in tedhflology, to be part adh~eren~e to all intemali technology standards and controls,
of our dynamic global team. You information security requirements and any related policies.
will interact with colleagues from
asTund the world and across the
o gnization, rovidin KNOWLEDGE l SKILLS REQUIRED
190W1010gy project management Candidates must possess a Bachelors degree in Information
leadership. in addition to a great Technokloy, E~ngineering, or a related field and a minimum of ive
cafref, WO Offef a COmpetitive to seven years of related experience.
salay ad be elbpackge. Successful candidate should have excellent knowledge of Oracle
10g and SQ1L Databases. Excellent project management skills'
strong oral and written communication skills, and proved
leadership skills will round out the ideal candidate,
Interested candidates should
forward a copy of their resume Interested Bahamians are encouraged to


bCaanpabery, Oi~rust 1 a~hlae apply.
Limited, P.O. Box N-1576,
Nassau, Bahamas OR Fax: Chall90g9
(242) 302-8552 OR Email: y0Ur891f 10 a career like no other
glesellecampbellciti~com


Interested, then call for an interview 356-4514


PAGE 4B, FRIDAY, JANUARY 11, 2008


based assets and entities, via
the sale of holding entities out-
side the Bahamas, has become
an increasing feature of in'ter-
national corporate transactions
impacting this nation.
This was highlighted by
Marubeini's recent ucpse o
a aj ry 554pe cetsae
Grand Bahama Power compa-
ny by the Japanese conglomer-
ate, Marubent. It acquired
majority control by purchasing
the Delaware-registered hold-
ing vehicle for Mirant's
Caribbean assets, a transaction
that happened outside the
Bahamas and did not need gov-
ernment approval.
Mr Smith told The Tribune:
"Under the Hawksbill Creek
Agreement, the transfer of
shares in the GBPA and Port
Group is not permitted with-
out government approval. It's
important for a quasi-govern-
mental authority like the
GBPA to have government
oversight as to its ownership,
otherwise shares in the
Cayman Islands could be trans-
ferred without government
approval,
"'We feel it is important for
the Government to get control
of this quasi-governmental
authority back in the Bahamas,
and that is easily done by get-
ting the share register rectified.
That can be done by having the
St George estate and Sir Jack
registered as the direct benefi-


cial owners of the GBPA and
Port Group Ltd.
"It simply makes political
and commercial sense for the
Bahamas. "
Otherwise, Mr Smith said it
was possible for a purchaser
such as Flemin Fa ile G Part-

through acquiring shares in
Cayman-registered IDC, where
the Bahamian government's
writ does not run.
Meanwhile, Supreme Court
Justice Anita Allen has
reserved her judgment on
whether she will approve the
payment of a $12.1 million div-
idend to the GBPA sharehold-
ers. In the meantime, that divi-
dend payment has been stayed.
Yesterday, she heard argu-
ments to set aside the injunc-
tion preventing Sir Jack's fam-
ily trusts from selling their 50
per cent stake to Fleming, and
the separate application by the
trusts' investment vehicle '
Seashells Investments, to strike
out the St George estate's
actions.
Keeping the courts busy, the
two sides will be before Justice
Neville Adderley next week to
hear the application by the
Hayward side to overturn the
GBPA and Port Group Ltd
receivership, plus their appli-
cation to disqualify Mr Smith
from acting in the case on
alleged 'conflict of interest'
grounds.


THE TRIBUNE


Port Aut ori y
executors' names.Ildi
There was o a lged nterd
ferenc when they attemp s-

tered in FMS's name changed
to the names of the three
executors. T'he St George estate
is alleging that the Hayward
side effectively controls both
the IDC and FMS Boards.
Mr Smith said that "to cut
through this morass of obfus-
cation" regarding the GBPA
and Port Group Ltd's true ben-
eficial ownership, "we are ask
ing the court to clarify its
[A gust 30] order .and rectify
the GBPA and Port Group Ltd
shar reite that o 50 pe
sen estrak i t ese coowanie~s i
held d retl b the mptte th s
cttin iret IC ed sFMS, s
cu gth that, the situation will
become a l more po iica ltlt11
palatable, in that once the
shareholder registers are recti-
fied, ownership of the GBPA
and the Port Group of Compa-
nies will be directly under reg-
ulatory control by the Govern-
ment, via exchange control and
Investment Board legislation,
thus preventing any of the
shareholders selling IDC Cay-
inan shares without govern-
met 1 rol"
mTnheabilit to circumvent the
need for Bahamian government
approval in selling Bahamas


FROM page one

issued share capital in the name
of Intercontinental Diversified
Corporation (IDC) and/or its
nominees be transferred" to the
est t'snexecu ars t e n

alttetmpt by the St George estate
to cut thro gh the GBPA and
Port Gro ug Ltd ownership
structured whicheinvolves two
IdDm and Fdciary Ian an
ment Services (FMS) and
define who the true beneficial
owners alre.alb
It could aso be seen as a
move to bring the GBPA and
Port Group Ltd ownership
back into the Bahamas. Cur-
rently, IDC is the holding com_
pany for both companies, with
the St George estate's 50 per
cent stake held in trust for it
by FMS, acting as a nominee
company. That, though,is bemng
appealed by the Sir Jack Hay-
ward family trusts, with FMS
at the centre of the bitter 15
month ownership dispute.
Fred Smith, the Callenders
& Co partner who is the St
Geog ese's Itonyod
Te atriune ha sh e appinca-
tron to aler the sare re iserd
hd been prompted by a ge
'obstruction" he and his clients
had encountered when they
attempted tot have theMFMSS

sGeaorre' namee an d to the


2 FEMALE SALES ASS001ATE
















~I~lLHE :OLLEGE OF THE Rn Ai


* Innovative problem solving and management skills are expected
* Supervisory experience in demanding assignments
The Director of the Performing Arts Centre will report directly to the Dean, Faculty Liberal and Fine
Arts.

The Director PAC is a full time permanent position with standard College benefits and a probationary
period of one year.
Salary Range: $ 39,746 $58,599

3. ASSISTANT DIRECTOR, CAMPUS LIFE (2)
(Oakes Field and Northern Bahamas Campus)

POSition
The Assistant Director of Campus Life (ADCL) helps to develop, design, and implement a range of
services to promote the social, cultural, fitness and recreational needs of students at a College/Umiversity.
These services meclude such functional areas as: advising student government and other student
organizations; co-curricular activities which enhance students' practical and commnunity-service experience;
activities which develop students' awareness and appreciation of multi-cultural social condlitions; activities
which develop students' leadership skills; and activities which support students' physical fitness and
recreational needs.

Roles
The ADCL is required to have extensive cooperative and collaborative relationships with faculty, students,
staff, the general pubhec and with professionals in peer organizations. The ADCL is expected to represents
the College/Umiversity mna positive manner and to collaborate with academic and student services
departments to contribute to retention of students.

DutieS
Assist with coordination of the student development course and first year experience program.
Be responsible for developing student development activities to engage students at all levels of
their academic studies
Assist with supervising the College of Bahamas Student Union and completing an ongoing needs
assessment to determine if new clubs and organizations are needed and which are not functioning
and need to be dropped or revitalized.
Assist In planning and managing budget for student clubs and organizations
Assist in identifying survey instruments used in the field of higher education that Help in mnonitoring
and evaluating the status of student satisfaction; determining student expectations; student experience
and other such instruments
To assist in the establishment and articulation of and monitoring of standards of practice of
Fratermities and Sororities on College Campus
Assist in coordinating Dorm activities and programs
*Coordinate liaisons with mn the college/umiversity and internal community service activities (i.e.
Outreach to adult learners etc.)
Develop the competencies to use the program planning mechanism of the Log Frame, anld conduct
focus groups as a means of putting in place a coordinate system of intervention and monitoring
and evaluation Campus Life initiatives

Qualifications & Experience
A Postgraduate degree in College Student Personnel, Higher education, or Student Dev~elopmenti with
at least 2 years experience in the field of College Student Personnel/Higher Education/Student development/
and also Dorm administration in a University/College environment.

Salary Scale: $28,107 $42,771

4. POSITION: CAMPUS LIFE OFFICER

The Campus Life Officer (CLO) is primarily responsible for assisting the Director of Campus Lifet
(DCL) and Assistant Director of Campus Life (AD~C) in planning and executing programs and projects
related to Cam~pus life and its related initiatives. The CLO serves as an advocate for students and other
stakeholders mn the community, and will help to facilitate initiatives that the community needs inl order
to facilitate growth and development of all campus stakeholders Although, the student population will
be the first and foremost focus of attention, the CLO is expected to operate using and ecological perspective
that acknowledges that quality of life of the students is dependent on the quality of life of faculty, staff,
and administrators alike.

Duties

1) Assist the Director of Campus Life (DCL) in completing needs assessments of the conununity of
students on all campuses of the College/University of the Bahamas
2) Help to foster, monitor and evaluate strong student clubs/orgamization/ government;
3) Help to monitor and evaluate the student experience and quality of life through peniodically~ updatusy1i
student experience and quality of life indicators;
4) Assist with publishing a campus life monthly new letter
5) Advocate for students with special needs;
6) Assist with managing an e-counselling/online counselling program.
7) Engage students through assisting in coordinating orientation, workshops, debates, campus worship,
as well as recreation activities in partnership with the wellness centre, and the honlours program.
8) Help to facilitate campus life support groups and personal growth groups etc.
9) Help coordinate life skills training workshops and semlinars


QualiflcatiORS
A Masters degree is preferred in Higher Education/EducatioldS social S science related field. Howev\e r. a
BA/BS degree will be considered with related experience. Applicants should have experience wiorkinlg
with young people (or late adolescents and should be a self starter and have the: ability to planl and!
network. Applicant must be articulate and able to conduct presentations and workshops. Expecrienic
working with Greek organizations would be a plus. ~Word processing skills and the ability to produced
power point presentations will be necessary. Ability to communicate (i.e. orally, and w'rittenl) in anlothecr
language will also be an asset.
Salary Scale: $24,580 $37,180


5. CAMPUS LIFE ASSISTANT

Canipus Life Assistant (CLA) will assist all staff of the Campus Life department ini carrying out thre
initiatives of the Campus Life Department.

Primary reSponsibilities:
(1) To assist the CLO in facilitating activities
(2) To help to plan campus life initiatives
(3) To work on campus anld community meetings to plan events
(4) To attend meetings related to campus life
(5) To help to facilitate campus life related support groups

QualiflcatiORS :
The Campus Life assistant should have an associate degree in Higher education/Education// Psychoulogy/
Sociology or related fields. Candidates should
have basic word processing skills and should be articulate and able to substitute f'or the campus tle
officer in presentations to the community as it relates to marketing the department auc nd mkinlg pre~senltations
on student leadership and life skills. The ability to coordinate events, and facilitate activities such a~s
movie nights, drama presentations, debates, and other related initiatives is necessary.

Salary Scale: $18,100 $27,100

Please visit our website at for more information about The College and to access T'he College's
Employment Application Form.
Interested candidates shouuld submit a College/Unliversity of Thre Bahramas Emrploymenrt A~pplication,.
a Comprehrensive Resurme anrd up-to-date transcripts, along withr thrree work references nro klatr thanr
January 25, 2008 to:

Thle Director, Humran Resources
The College of Thre Blahamas
I! O. Box N-4912
Nassau, N. R,
The Bahamlas


OR

hrapply~cob.edur.bs


THlE TRIBUNE


FRIDAY. JANUARY 11, 2008, PAGSE 58


Visit our webisite at www.cob.ed





VA CAN CIE S


1. DIRECTOR OF ALUMNI RELATIONS & ANNUAL FUND
SUMMARY: The Director of Alumni Relations &r Annual Fund has two primary responsibilities: to
develop The College of The Bahamas Alumni Relations Programme and to plan and deliver a successful
Annual Fund fundraising program. The incumbent will have direct Insponsibility for creating The College
of The Bahamas' Annual Fund Programme. The Director of Alumni Relations and Annual Fund will
implement preliminary plans for The College's Annual Fund and will have direct responsibility for
soliciting leadership level Annual Fund gifts. The successful candidate will be someone with strong
interpersonal, communication (both orally and written) and organisational skills who enjoys the challenge
of engaging people on a one to one level. Reporting to Mather Leigh Inc., strategic counsel to The
College of The Bahamas in the operation of alumni relations and development. This is an excellent
opportunity for someone who is a graduate of The College and who wants to serve their alma mater and
will enjoy working with others to build a new Alumni Relations and Development Department at The
College/University of The Bahamas.

DUTIES AND RESPONSIBILITIES: *

Annual Fuprd
1. Establish The College of The Bahamas Annual Fund through the implementation of the
preliminary strategic plan for the COB Annual Fund.
2. Provide continued development, evolution and implementation of new Annual Fund strategy.
3. Creates the Annual Fund solicitation, pledge chasing and gift acknowledgement and materials.
4. Creates the Annual Fund dorsor stewardship programme and materials.
5. In advance of alumni database utilisation, develops an electronic system for tracking annual fund
solicitations, solicitation responses and donations.
6. Segments Annual Fund prospects to determine leadership level donors and general Annual Fund
donors. '
7. Face to face, telephone and email solicitations of leadership level Annual Fund gifts. I
8. Engages and supports the COB Alumni Association's participation with leadership level gift '
solicitations.
9. Maintains electronic/database records of alumni solicitations and contact (email, face to face,
telephone, etc).
10. Designs and implement the Staff & Faculty Fund as part of the Annual Fund Progranlme.

Alumni RelationS
1. Participates in the development of short and long range strategic planning activities to realize
alumni engagement goals and objectives.
2. Develops and oversee the implementation of the College/University Alumni Relations Programme
including alumni events, alumni publications, alumni communications, alumni events calendar.
alumni special projects and the annual fund.
3. Provides strategic guidance and counsel to the College/University Alumni Association on the
development and delivery of its programs and integration with the College/University Alumni
Relations Programme.
4. 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. Logistical
support for events is provided through the Office of Communication.
5. Engages senior management in furthering the advancement of alumni relations goals and assists
in educating faculty and staff in respect of the roles they can play supporting alumni and development
generally.
6. Maintains a lost alumni tracking programme to re-engage alumni with The College.
7. Develops and keep~current the College's web presence and web, print and email communications
to alumni.
8. Provides a face and contact point for :College/University alumni.
19. Works in~ collaboration with the Communications Department provide content for and co-produce
the Aluri Ma azmne. 1.I
10. Work in Iolab ration with the President and the senior team to plan and deliver high quality and
strategic alumni events which serve to strengthen fundraising efforts, alumni engagement, University
transition and The College's profile within key constituencies.

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
* Ability to plan and execute a range of strategic events.
*Excellent interpersonal skills and the ability to interact effectively with academic leadership, faculty,
prospects, donors, and volunteers in a wide range of roles.
* Ability to exercise good judgment and to use discretion in interactions with donors, prospects,
volunteers, and others.
* Ability to work effectively within a team environment.
*Demonstrated organizational skills and experience in managing events and other complex activities
in support of College/University objectives.
* Willingness and availability to travel and to work extended hours as necessary.

MINIMUM KNOWLEDGE, SKILLS, AND ABILITIES
REQUIRED:
*Bachelor's degree
* Excellent interpersonal and communication (written and verbal) skills
* Demonstrated ability to present information concisely and effectively, both verbally and in writing
* Exceptional analytical skills and experience in managing a program requiring analysis and strategic
planning
* Demonstrated ability to organize work and to manage competing priorities and deadlines
* Demonstrated proactive work ethic and ability innovate, set and meet goals
* Proven accuracy and attention to detail
*Proficiency in Microsoft Word, Excel PowerPoint, Access
* Database maintenance and data entry experience
* Prior event planning experience a must
* Demonstrated tact, diplomacy and discretion
*Excellent computer skills expected
* Ability to meet deadlines with minimum supervision.
*Willingness to work extended hours and on weekends and holidays if required
* A team player and overall pleasant disposition
*Commitment to confidentiality

IN ADDITION, TH-E SUCCESSFUL CANDIDATE WELL HAVE:
* Demonstrated ability to network in a professional or personal setting
* Be a self-starter and able to work independently .
* Previous experience in fund raising, sales or marketing
* Exceptional IT skills and a proficiency with databases
*Good knowledge of The College

2. DIRECTOR PERFORMING ARTS CENTRE

The Director of the College of The Bahamas' Performing Arts Centre (PAC) is responsible for the overall
planning, marketing, scheduling, supervision, and.operation of the PAC. The PAC is a modern fully
equipped 400 seat performing arts centre capable of supporting live stage productions, lectures,
symposiums, art exhibitions, movies, and concerts. The PAC features computer controlled lighting and
sound systems. It has both male and female dressing rooms, a modern concession stand and computer
based ticketing and reservation system.

The Director will have the following Primary Responsibilities:
*Marketing the PAC to internal and external users
* Develop policy and procedures for the operation of the PAC
*Scheduling the use of the PAC by college and external users
* Coordinating su~pport'for PAC user's in sispport of scheduled events including (but not limited to):
set design, sound and lighting system programming and design, provisions for ticketing and cash
collection, providing PAC support staff for events including security and traffic/parking control.
* Operation of the PAC concession stand
*Maintenance of the PAC
* Coordinating the use of the gallery space for art exhibits
*Maintenance of records and files pertaining to the operation of the PAC
* Budgeting for operations of the PAC and accounting for revenue and expense ICW thecController


* Supervision of assigned and contracted support staff
*Accountability for PAC equipment and furniture inventory '
* Purchasing to support the operation of the PAC and maintaining expendable supplies to support
the operation of the PAC within allocated budget

QuailfltatiOIS:
*Masters degree in Fine Arts with 5 years of experience in the management and operation of a
Performing Arts Centre is preferred.
* Masters degree with 8-10 years direct experience in the management and operation of a Performing
Arts Centre is acceptable.
* Exceptional inter-personal relationship skills are required


EDUCATING & I RAre








PABGE 683, FRIDAY, JANUARY 11, 2008


THE TRIBUNE


Legal Notice
NOTICE


RED~ ROSES ViALLEY CORP.




Notice is hereby given that in accordance with section
138 (8) of the Inlternational Business Companies Act
2000, the dissolution of RED ROSES VA~LLEY CORP
has been completed; a Certificate of Dissolution has been
issued and the Companyl has therefore been struck off the
Register.


ARGOSA CORP. INC*
4 ~(Liquidator)


Legal Notice
NOTICE


MONTBARD INC'


--A ~-

N~otice is hereby giv-en that in accordance with section
138 (8) of the International Business Companies Act
2000, the dissolution of MONTBARD INCI. has been
completed; a Certificate of Dissolution has been issued
and the Company has therefore been struck off the
Register.


ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE


EAUX-VIVES
INVESTISSEMENT LTD.


Notice is hereby given that in accordance with section
138 (8) of the Internlational Business Companies Act
2000, the dissolution o~f EIAUX,-VIVES INVESTISSE-
MENT LTD. has been completed; a Certificate of Dis-
solution has been issued and the Company has therefore
been struck off the Register.


ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE


LAC DE LIOZON LTD.




Notice is herchy given that in accordance with section
138 (8) of the International Business Companies Act
2000, the dissolution of LAC DG ,IOZON LTD). has
been completed; a Certificate of Dissolution has been
issued and the Companly has thereforee been struck ofT the
Register.


ARGO)SA CO( RP. INC.
(~iquidator)


NoTICE

NOTICE is hereby given that ROSANDRA JOSEPH OF
JAMES CISTER P.O. BOX 25802, ELEUTHERA,
BAHAMAS is applying to the Minister responsible f or
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who
knows any reason why re istration/ naturalization should
not be granted, should send a written and si ned statement
of the facts within twenty-ei ht days from the 11TH day of
January, 2008 to the miis er res onsible for Nationality
and Citizenship, P.O.Box N- 71 7, Nassau, Bahamas.


LEGAL, NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

FRANCO LEASE FIVE LIliTED

Notice is hereby iven that in accordance with Section 138 (8)
of the International Business Companies Act, (No.45 of 2000),
the Dissolution of FILANCO LEASE FIVE LIMITED has
been completed, a Certificate of Dissolution has been issued
anld the Company has therefore been struck off the pegister. The
date of completion of the dissolution was December 27, 2007.









Legal Notice
NOTICE


RIVER FALLS INC.




Notice is hereby given that inl accordance with section
138 (8) of the International Business Companies A~ct
2000), the dissolution of RIVER FALLS INC. has been
completed; a Certificate of Dissolution has been issued
and the Company has therefore been struck off the
Register.


ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE


KNIK POINT LTD.




Notice is herlchy given that in accordance with section
138 (8) of the International Business Companics Act
2000)(, the dissolution of KNIK~ POINT LT`D. hals been
comlpleted; a ~Crtificate of Dissolution has been issued
andt thle ('ompany'~ has therefore been struck off the Regis-
te~r.


ARGOSA CORP. INC.
(~iquidator)


NEEDED UR GENTLY


We are a growing retail comrpany, wve ar~e offering:
Base Salary, Bonuses, Pension Plan~, Training and lots of FUN!! i

REQUIREMENTS Must be Energetic, Out Going,
Stable, Hard Working, Well Groomed, Honest and Reliable;
between the ages of 17 25 years, but matur~e.



LEG AI. NOTICE

NOTICE

INTERNATIONAL, BUSINESS COMPANIES ACT
(No.45 of 2000)

FIRST -IRCRAIFT LEASE
INTERNATIONAL LIMITED

Notice is hereby given that in accordanlce w\ith Section 138 (8)
of thle International B~usiness C'ompanies Act. (No.45 of 2000),
thle Dissolution of FIRSTI AIUR(`RFT .LEASE IN-
TERNA.LTIONALU LIMITED has be~en completed, a
Certificate of Dissolution has beenl issued anld the C'om-
pany has therefore bceen struck off` the: Reist~r TIhe date
of completion of' the dissolution wasr Decrnlcmbe 27. 2007.






Legal Notice
NOTICE


GOLDEN BEATE RIVERS INC.




Notice is hereby given that in accordance with secticon
138 (8) of the International Business Clompanies A~ct
2000, the dissolution of G;OLDEN BEATE` RIV'ERS INC.
has been completed; a C:ertificate of Dissolution has been
issued and the Company has therefor~le been struck off` the
Register.


ARGOSA CORP. INC.
( iquidator)


Legal Notice
NOTICE


CLOVERDALE CORP.




Notice is herchy given tha~t in aIccordance with section .
138 (8) of the International B3usiness C'ompnluies Ac~t
2000, the dissolut~ion of CLO.(VHRDAL01.1 (`$RE1 hlas been l
comlpleted; a (Certificalte of D~issolutionl hars been issued
and the companyyl has therefore beeccn struck off` tle
Register.


AROO NLAI CORKV ~ Ji!r.
(~iquidator)


Bermuda and even the
British Virgin Islands in pro-
vidingg the more sophisticated
financial services offered by
these jurisdictionss"
Simon Townend, partner
in KPMG and head of its
corporate finance operations
in the Caribbean, said major
law firms in New York and
London, who controlled
most of the major financial
transactions and key blocks
of corporate business, were


going elsewhere rather than
the Bahamas because "they
can't get in here".
These law firms were
instead directing business to
.other international financial
centres because of attorney
contacts they had there, plus
a more flexible and open
immigration policy. The
*Bahamas, Mr Townend said,
was missing out because
major corporate transactions
were not being conducted
through here.
"Firmls are pulling togeth-
er and going cross-border in
the offshore world, but they
are not doing transactions
here because they can't get
in here," Mr Townend said.
"It's a very good point, and
something we need to look
at very quickly." '
In response. Mr Paton
said: "'I would counter that
argument by saying that it's
an issue of institutional
capacity. You need to have


the banks and trust compa-
nies here that have the
capacity to do that business.
";I would disagree that it's
the lawyers who are holding
back the business'. It's the
jurisdictional and institu-
tiorial issues. It's.an easy
complaint to say it's the
lawyers. But it's not. It's
much more than that. The
institutions don't have the
mandate to do that business
here.
"We have that cap~acity in
the legal and accounting pro-
fessions. It's really a juris-
dictional and instit utional
capacity to do that stuff."
Under the L~egal Profes-
sion Act, counsels and attor-
neys must be citizens, per-
manent residents of the
Bahamas, or non-residents
who have been called to the
Bar with a right to work,
although they do no~t have a
right to appear in court
unless appointed to legal


public office or apply for
special admission.
Yet Mr Paton added that
leading Bahamian law firms
had been able to bring in
specialist foreign attorneys
to deal with issites such as
resort and timeshare devel-
opment "where it makes
sense".
The Bahamas Bar Council,
the governing authority on
the Legal Profession Act, did
"not object to specialist
counsel where there's a
need. It's really an Immigra-
tion issue, and the Depart-
ment of Immigration has
facilitated it to date with
some degree of success.
"Immigration needs to
send a clear signal that it is
open to bringing in specialist
foreign counsel if it can be
shown there's a need for it."
SMr Paton added that no
specialist attorneys were
needed in the Bahamas to
handle the documents and


structure of large corporate
and securitisation transac-
tions, as this was usually han-
dled by attorneys in London
and New York.
Jurisdictions such as the
Bahamas often acted as the
gateway ~or location where
such a transaction was struc-
tured through, and attorneys
here were often only
required to incorporate spe-
cial purpose vehicles (SPVs).
"We do some of this work,
but in the Bahamas it's a
small business," Mr Paton
said.
"I continue to see the
trend as being centres of
competence.
"The Bahamas has got the
private client business, Cay-
man has got the institutional
business, and Bermuda has
got insurance.
"It's going to be hard to
break that cycle, especially
with the way institutions are
setting up their business."


'Don't blame the la yers'


on


lack of corporate business


FROM page one

"sacred cow of Bahamiani-
sation in the legal profession'
the Bar Council was pre-
venting the Bahamas from
competing against its inter-
national financial centre
rivals for the larger and
potentially more lucrative -
institutional business.
Mr Coulson argued that
this "'has put us way behind
jurisdictions such as C'ayman'







THE TRIBUNE FRIDAY, JANUARY 11, 2008, PAGE 7 8






UDGE PARKER
Acco*0NS To a 4 usvAcw avel.oese
WAt.I. OTROST CICt.4MNAL. IO BuYING uP PARMO
de:***pder star IT s NAPPswas Act. ro so-r ro ws warset







WHAT 16





6 ERAC SEES Noe4 TONER CAR... MARGO LtKES TO PLAY 1 WONDERED WHAT FT
THE DIVA, BUT OWN DEEP, COULD BE.
T'At AFRAID JVE RUINED SHE'LL SHE'S VERY PRACTICAL.
yovREVENING wrm CALA\ WE
MARGO. DowN* HAVE OH, 0 EM EVE 0
THAT tR ONE OF MY FRENCH FRIGG *
COMMON







HAVE Vau leURED our 1 wa MVS To Do Is LIVs slast THING ti HAva to -a---
ous unw r ur a w e.uxunes son so is unse.w run unt Biddmg Quiz
LITT4.8 WHILE IN OUR RBPRISERATOR

You are South, both sides vulner- the surest way of getting there is to
able. The bidding has been: take the direct route. Whatever the
o West North East South nature of partner's spade bid, your *RIDAY"
1 ** I + Pass ? hand figures to produce game opp> 5
What would you bid with each of site it. Partner might have bid largely JAN 11
the following hands? on distributional values, in which
1. + Q853 V AK764 4 72 + 95 case he is free to correct to four
IB IKli 2. 4 JS V AQ + AQ973 + KJ84 spades, but if he accepts three AQUARIUS Jan 21/Feb 18
.u hirG 3. S AJ72 9 KQ832 4 96 4 A3 notrump as the contract, it will prob- FI'hat goal you've been aiming for
4. A8652 9 7 4 AK9843 4 5 ably be made. floally comes to fruition, Aquarius.
* A jump to two notrump would not the success and every moment
1. Two spades. Before going into be forcing and would show a lessor of the satisfaction it brings. Others
6-- n ,- the answers, it might be best to first hand. Nor is there any point to bid- share your joy as weU.
igYv VI $ 3, 5 f wi g it ppng clarify the meaning of partner's ding diamonds with a hand so pre- PISCES Feb 19/IViar 20
8 Oft ifid ty ce, NO" Shov IA ptl8 ke. Frie a *Pade bid. Generally, an overcall on eminently satisfactory for notrump. A family member is in need of assis-
flop4 6 htV4. to the ono-level indicates a fairly 3. Four spades. Regardless of the tance and looks to you for some guid-
Orl f goa (Marl6 five-cat4 or of hand partner has for his over- wM of wisdom. Feelhanored to
tht, to do tight to%# game must be undertaken. It is are been given the responsibility.
SQWitthTrig5 mostofIan sta to imigine a one-spade bid 1/A
bM s&nd n esM g p 00
n cofpb mthe overcaller w uld 8n bems iment wz o{ o ar yonud
ds accordingly. He bids natu- hand of this magnitude. your work done
y, but keeps in mind that the over- 4. Four no trump. Despite West's get .
n a call may be based od as little as ei t o bid, you have a distinct pos. TAURUS Apr 211May 21
or nine high-card points. With st ty ofmalong a slam. How many You will receive great news from

to continue bidding ifhe has signifi- an ace is. The best way to determine for it he arrive, however he
cantly more than a minimum over- this is via Blackwood. active and it will surprise you.
--- It would be wrong to bid two If partner responds five diamonds. GEMINI May 22/Jun 21
hearts, which might be passed all showing one ace, you plan to hid six A by announcement is made by
around anM almost surely the spad 3Poer2ma hve as he Th

set up Excuravas e.s 2. Three notrump. It is highly even this sad collection is a stang will be benefited y what this per;
MP itts Glit St As pcVouAlico ( A likely that game can be made, and favorite to produce 12 tricks. son has to say.
AT itis T .1 L.NL eletAsif! -- CANCER Jun 22/Jul 22
** 6 **0...* Don't rush a big decision you need
Wint *. to make this week, Cancer. Yoil
.. won't be satisfied with the results if
you do. However, just rememMr to
The trust your instincts.
EDI :- LEO Jul 23/Aug 23
1 EAS f wepists Stop worrying about the things
3Messonstem...c a-c theseale you have no control over, Lee.
amamminutes .was, s ow scan asper *** sA bestral Focus on the things you do, like
your finances or your relationships
with others.
I'$1. , 4 ANL VIRGO Aug 241Sept 22
ll* A move is coming your way.butnu
L.A 0 are not sure if you are finance y-
from the letters sh here? In areas of money, so go for it,
non e r LIBRA Sept 23/Oct 23
d' contain the cen letter and ..a 9 pon't be so quick to believe every
there must be at least one nine- thing you hear this v eek, Libra
r wo plurals. Mise you could get upse: utter


tomorrow. SCORPIO Oct 24/Nov 22
t may seem like your emotions are
all over the place in the next fev
1 2 3 4 5 6 days, but it's only a temporary situa-
tion, Scorpio. Everything evens out
4 ., 7 A by Friday.
Anton SAGITI'ARIUS -, Nov 74044 21
4 Permh being salow? (6) and Mike in a terrible hole Keep two steps Wead of ne
7 Martheigidimitation?(8) (5) 10 11 12 13 p e around you at work, Sagittanus You
8 Being preparedtqopsin sorneonewedeath, ce don't want to be left'0tind,

icanbe 14 15 16 garland ,ie "tial rug
grievousl(5) 4 Breamcolour?(1), 17 18 19 20 CAPRICORN-Dec22/Jan20
concertpiece(4) 5 tetoutapteceoinstmastertain * A lot is on your plate, so it doesn't
e time(4) 21 22 .. . need to be added to, Capncom. Ask
sas a kiss for 6 Home of the brave? (6) others you trust if they can take on
24 25 some of your responsibilities to help

kl
a Cou an nothing tathe 20 80 1 -- you out for while,


aT of 26 27 28 8
Ad tale .12 & 0 atabeaddiferert(5) 32 33


21 Qity orkrynindits) A dhipt Mes, a Pole (3) Ukrainian and the speedy indian
8 CaiMadown pass for @, of M 36 have been at the top of world thess
soflkett@ (6) for more than a decade, and they
24 Organanet 25 Creature taking shelter at are still very much the
26 A sporting to across ,--- nown grandmasters to beat in major s
footbau 2 Bad weather blame$fora latheaded 4 Unexpected (6) 1 Smali fish (5) competition. Surprising, then, that
27 Went intoa when 9wn goaf (3) 8 adt authentic (8) 2 nation \ today's puzzle has a rather
toldit3flu?( 22 PulloutetSHyestown(3) 10 Coral and(5) 3 Tablet straightforwardsolutionwhere
29 Applaud a hain, perhaps, at a certain 23 Show some ndephaores (6) sh (4) 4 took ly (5) lava k (White to play), who is b
junction(<) 25 Totrysuchafriendwouldilepaltry(3) BA$ 15 Ale( rson(4) nettingfurthermaterialandforcing
32 Expected money for a fight (4) 28 Where there a trading centsin -1 Vase ny (6) resignation. What happened? e b c d e ( s E
35 Said to be atold sted AT (5) to (6) Considering a Christmas present apart Baker Street/Great Polliand
country? ($) 30 inbiographlesevis canbedisgutsed (5) 3 21 Ha ) 11 Pull (3) for the favourite chessplayer in your St Both have helpful and ex per t
34 Finbh Mng a a>uple St looks to be some hope for old 12 Afterwards 5) life? Then take anfour to vish Maff, and stock a huge range of chess
of letters (6) reards(5) 26 Obes ) 8 7 London's two speaalist chess shops. books, sets, computers, DVDs, docks
25 After losing one bet, might onedo 32 Whatt it like under your hat? (4) 27 Badge 16 Employ (3) The BCM shop in Baker Street (020 and other items for the keen player
this withiaughter? (6,2) 35 Where a cabcrashed going round a home (4) 18 Cropped up (6) 7486 8222) and the London Chess
shar (4 H Dashdo 20 State (5) Centre in Euston Road (020 7388
36 Posts onet investments? (6) p tum ) (4) F ou to (3) 2404) are only one Tube station trovARD Elary
to 23 Obvious (6) *
36 5catte (6) 25 Boy (3)
,^1 28 Devoured (5)
liestemay s oppm setunges Yesterday's usy solunons """ 30 Flower (5)
Auto55:1, Miss-us7, Hal-finch 8, Sale10, Twin-Ed11, Sh- ACROSS:1, Damset7, Adherent 8, Goad10, Malady 11, 31 At no time (5)
teds l4, AC-T15, AI-Des17, Name l9, 8-dng 21, Round 22, L- Misuse l4, 01d l6, Gored 17, Rows l9, Wagon 21, Tired 22, 32 Feeble (4)
earp24Does 26,5Ieep 28, Red 29, Peanut 30, De-dike 31, Tenet 23, GIee 26, Meter 28, Bee 29, Edward 30, Sonnet 31, 33 Stoop (4)
Operi32, tMhered340aday Abet 32, Sentient 33, Elapse
DOWN:1, Mtleak Stana 3,9ted 4, Off-hand 5, in bed 6, DOWN:1, Dimmer 2, Shoals 3, Lady 4, Demigod 5, Recur 6, Qxf4 2 Re4 and Anand resigned.
Chess 8,5tam 9,1-et l20tig 4 Dense ls, Dr ur-y18, Angle Stead 8, Glow 9, Add l2, 5on l3, Serve 15, Harem l8, 0pted chess: 11 h inned kraight by Rael and f 4
19, Boa 20, in-N 21, ite-put-ed 22, ten25, De 25, 5-herr-y 26, Spil-t.JI, Earth 28, Rep 30, Do-do 24, lent 25, Entire 25JViessy 27, Twine 28, Bob 30, Sate









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Guaranty halve common directors a~nd
officers, the sameT1 busineCSS and the same
assets. The only attribute nlot transfcrredl
to the phoenix company, Condlor Guar-
anty, was Condor Insurancc's stagger~ing
list of debts."
More (han $16I million in judlgments
had beenl awarded againilst the company, .
the Ilawsuit alle edl, adldin tlhat a IS
court border hlut prevent 0l Condor
Guaranty f~rom further transferring C'onl-
dlor Insurance's assets.
"Condlor Guaranty also purplorted to
assume the contingent liabilities, con-
sistingi of certain insurance policies pre-
viously issued by Condor Insurance.
However, plaintiffs believe that Condor
Guaranty did not pay fair value for
assets it received from Condor Insur
ance," the lawsuit alleged.
Condor Guaranty was alleged to have
been incorporated in the Bahamas as
an International Business Company
(IBC) on November 8, 2007, operating
in the reinsurance business and offer-
ing.financial guarantees and surety
bonds. Its registered address is 15 Lillian
Court, Lucaya, Freeport, Grand
Bahama.
Alleging that Condor Guaranty was
acting as a constructive trustee of Con-
dor Insurance's assets, and that it "acted
dishonestly" in the asset transfer, the
lawsuit claimed: "Despite being orgian-
ised under Bahamian law, Condor Guar
anty does not appear to be a registered
insurance company in the Bahamas......
"Condor Guaranty is currently oper-
ating a~s an insurer from the Bahamas.
The insurance business is a highly regu-
lated industry, and there are: stringent
requirements for the conduct of this
business and for the required asset base
for insurers.
"In order to engage in business as an
insurance company, which is incorpo-
rated in the Bahamas, it appears that
Condor Guaranty should be registered
with the Registrar of Insurance of the
Bahamas, but it is not."
Condor Guaranty, the liquidators
alleged, did not appear on the Regis-
trar's list of companies licensed to oper-
ate from the Bahamas.


growth r ces of larger competitors," Mr Tow-
nondl said
.He pointed out, though, that demand from
this nlation's key US tourist market remained
strong,
T'he Caribbean remained the preferred
international travel destination for US tourists,
according to a survey of 390 travel agents by
Carlson Wagonlit Travel Associates, which
also found that more than 46 per cent of tray-
ellers had valid passports. Almost 78 per cent
of cruise passengers had US passports.
The business is there, and it's growing in
the US. The Caribbean is still the destination
of choice for the US market," MI Townend
said.
"We need to make sure in the Bahamas
we catch more of that market. As for the pass-
port issue, it's an easy excuse. It's a problem,
but if the product and service was as it should
be, people would be running out to get pass-
ports to come here.
Between January to June 2007, while the
Bahamas' total stopover arrivals of just under
one million lay slightly behind Jamaica, the
Dominican Republic had welcomed more
than two million stopover visitors, while both
Cuba and Cancun had seen more than one
million air arrivals.
When it came to financial services, accord-
ing to data obtained from the Cayman Islands
Monetary Authority, the Bahamas ranked
sixth mn 2006 on the number of hecensed banks
in this jurisdicion, standing behind Luxem-
.bourg, Smngapore, Hong Kong, the Cayman
Islands and Switzerland.
"In tenns of deposits, we're not mna very
strong position," Mr Townend added, the
Bahamas languishilig behind those five coun-
tries, plus Jersey and the Isle of Man.
He explained this by saying that the
Bahamas had focused on private wealth man-
agement, whereas the likes of Cayman had
concentrated heavily on corporate business,
which~involved much greater sums and
deposits.
Deposits within the Bahamian international
banking system were heavily weighted towards
North America, 73 per cent of them originat-
ing from this source, which "shows our
reliance on the Americas .


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* www.firstcaribbeanbank.com


THE TRIBUNE


PAGE 8B, FRIDAY, JANUARY 11, 2008


Film 8lrlo c

to it by its long-term financial advisor,
Mr Fuller
He is ntinuing to o pose the sub-
ocna", ar umn the t the Federal Bank-
lu tcy Court for the Middle District of
l'ncsc < a no ro t r@ 1 is ft the
Mr Fuller a~lso alleged that attempts
bv (1e reev' attoly to ctact
hjn tecoxk pe o1ver orn yhsrisoncj hol-
idays when his business was either closed
or he was awa .
He ats arud that th poe a t
obta tse afrgue tio ae 1eoedlw celd
by lai self ad doljmany stment ank was
to mke a location through the
c uts in SatnK tps and Nevis
Condor Guaranty is also challenging
the liquidators legal action and the
court's discovery order, alleging that
there are jurisdictional issues and the
cs ben pu ud thr ugh the rn
carse as emg ps hamia co e wrng
coues, e aiuidators, in rmsp ose
alleged that Condor Guaranty had at
offi n Misispi ad that the wr
on esenekin t pouction o d cu
ments held in the US, not looking to
eecs otrol ovrfoeg cmais
Tex~ inmtal la sut,o fed my eo d
Irisurande's li uidators in the US Bank-
r ptcy Court for the southern district of
Misispi a 11 d that Condor I sr
anc tsrnspf red it assets to the Bah i
an company to put them "beyond the
reach of Condor Insurance's creditors".
Allegn that Condor Guaranty was
rete i N vmber 2006 for thi vr
pur ose", the claimed that theiasa
transfer took place while Condor Insur-
anewsfacn a widinu petitio
cntche Eastr Ca ibba nS ppremn
Court
"Pnior to the formation of Condor
Guaranty, and continuing up until the
time of the transfer, Condor Insurance
1a fcn ult ple Iag jdmnts ad
wa nt abme to pay its e 2 eas-t v
came due," the lawsuit alleged '
"Condor Insurance and Condor


FROM page one


US RaSS Oft

Regulation, te hoogy and gloa compe-
tition were driving financial services consoli-
daition across the world, Mr Townend said,
adding: "The Bahamas needs to make sure we
remain part of that consolidation."
Bermuda, meanwhile, had "done very well
out of some mistakes we made here some
years ago", establishing itself as the global
captive insurance and reinsurance leader.
The island now had a greater
insurance/remnsurance capacity than Lloyds
of London, with total net written remsurance
premiums also exceeding London's. Some
1200 insurance and reinsurance companies
were domiciled in Bermuda, along with some
$400 billion in assets.
"I don't think we are going to compete
with them at the level they are at, but there ip
scope to grow our insurance business," Mr
Townend added,
There were some 5,000 captives registered
worldwide, domiciled in jurisdictions such as
Bermuda, the Cayman Islands, British Vit-
gin Islands and Vermont, yet the Bahamas
had only one registered captive.
"All our competitors in the financial ser-
vices business have a captive insurance busi-
ness. We don't. There is no reason why we
shouldn't," Mr Townend added.
The Bahamas was also lagging behind its
mamn international financial centre competitors
when it came to investment funds domiciled mn
this nation. In 2006, according to
Datamonitor, the Bahamas was home to just
3 per cent of the world's fund assets undei
management, and reality that percentage is
likely to be smaller because the survey did
not include industry leader, the Cayman
Islands.
Mr Townend said: "We need to think out of
the box fInd be innovative to see how we can
grow our funds industry."
He added: "I see us as a middle-of-the-
road player in private banking, having no
external insurance market or captive mnsur-
ance market, and as a miche player in private
funds....
"But we are in the game. There is no reason
why we can't grow that. We have a very strong
foundation to work from. All is not lost."


FROM page one
In their reply, the Condorl Insurance
liquidators alleged that the A~shby shares
held by Condor Insurance had been
transferred to Ulnified Investments, a
Nevada-registered compnyl;l! w\ith oflfices
in Texas, without recceiving;l! any urcha~se
pi for tlos sh lL~
Te court docu r 'nts f'iledl inl relations
to Condor Insurg!nce's banllkruptev! detalil
the web of allegedly links that balinl ('oI-
dor Insurance, Mrl F:ullra ndi~ Ihe
Bahamals Film Srtudios together~l.
The Tribune previorusly revearled that l
the liquidators' law\suit againstt Co~ndor
Guaranty, the\ Bahamal~ S-doml1 iCile~d entli-
ty to which Condlor Inlsuranccs ~ssets
were allegedly transferred,. numl cl
among the assets somec 18; million shares
in Ashby Corporation.
Ashby was the ultimat- Bermuda-
domiciled parent for the Bahamas F~ilm
Studios. Also named as a Condor InIsul--
ance asset, and which the liquidators
want returned from Condor- Gularanty, is
a $650,000 note receivable from Gold
Rock Creek and Stockton, Fuliter &~ Co.
Gold Rock Creek wa~s Ithe immediate
holding company for the Bahamas Film
Studios. Further, Condor Insuranlce is
understood to have been the insurer for
the $9.95 million loan the Balhamas Film
Studicis obtained from First Caribbean
International Bank (Bahamas) to con-
struct its water tank-
The insurance guarantee put up by
Condor Insurance has since been taken
by the bank, meaning that the Bahamas
Film Studios now~ owes $9.9.5 million to
Condor Insurance. .
The Bahamas Film Studios are inl the
process of being sold to~ Bahamnas
Filmlnvest International, the group put
together and headed by Bahamnian
banker, Owen Bethe~l, head of the Nas-
sau-based Montaque Group.
A significant chunk of the purchase
price he will receive will be used by Mr
Fuller to settle the Bahamas Film Stu-
dios' liabilities, the biggest of which is
that $9.95 million loan. The~refore, Con-
dor Insurance many find itself in the
position of a sizeable debt being repaid


The prizes get bigger
and bigger every month!


November $1,500
December $2,500

january $3,500
February $5,000


Grand Prize $20,000

paid over a 12 month
period in $1,666 installments.


For more information visit any branch of FirstCaribbean International Bank.
Or call:

Newr Prov~idence 502-6800/01

Family islands 1-242-300-2255