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Permanent Link: http://ufdc.ufl.edu/UF00084249/00967
 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: March 3, 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: UF00084249:00967

Full Text





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FOR LENT Pm lovin' lt.
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The


Tribune


AAAODITIO
BAHAMAS EDITION


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MONDAY, MARCH 3,2008


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PRICE 750


Fatal shootings occur less

than 90 minutes apart


* By PAUL G
TURNQUEST
Tribune Staff Reporter
*pturnquest@tribunemedia.net
THE country has recorded
its 14th and 15th murders for
the year with two fatal shoot-
ings occurring on Saturday
morning less than 90 minutes
apart.
According to police press
liaison Assistant Superinten-
dent WalterEvans, a 24-year-
old male resident of Taylor
Street was at home watching
television while his three-year-
old daughter and his girlfriend
were asleep in the house.
Kicking in the front door at
about 4am, ASP Evans said it
is believed that gunmen
entered the home and opened
fire, hitting 24-year-old Jacoby
Thurston in the head area and
about the body.


Thurston died at the scene.
His daughter and girlfriend
were unharmed during the
shooting.
The police reported that a
vehicle was heard speeding
away from the area shortly
after the gunshots were ini-
tially heard.
Less than 90 minutes later,
four passengers in a Ford
Explorer were leaving the
Cowpen Road area around
5.20am.
The female occupant and
three male passengers were
stopped by three masked men
- one of whom it is reported
was armed with a shotgun. All
four passengers were ordered
out of the vehicle and forced
to the ground.
The woman was robbed of
an undetermined amount of
SEE page 12


Grand Bahama records first

traffic fatality of the year
SATURDAY morning Grand Bahama recorded its first traffic
fatality for the year.
At about 8.10 am Saturday, Jermaine Anthony Batson, 27, of West
End, was driving his champagne coloured 1993 Honda Accord r/n
43631,'east on Queens Highway, reportedly at a fast rate of speed.
In the vicinity of Holmes Rock, Batson lost control of his vehicle,
careened off the road onto the southern verge and crashed into a
large wooden utility pole.
The vehicle was split in half on impact and Batson, who was the sole
occupant, was ejected, landing some distance away from the wreckage.
The vehicle was totally demolished and the utility pole was split near
the top. ,
Batson sustained many severe injuries and was pronounced dead at
the scene by a responding doctor.
At the time of the accident, the weather was good and the road in
that area is in good condition.
As traffic police continue their investigation into this fatal accident,
Chief Superintendent Basil Rahming, urged motorists to obey the
speed limits and to drive with due care and attention at all times.


THE ROY4L Bahamas Defence Force held their annual church service yesterday as they marched from
AF Adderliy to Rawson Square.
}}j


MP encourage Lain to 'com
clean' over llege Cutom
duty tax lowerng involvemen
I WWM,W , j


* By PAU IG TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
MINISTER of State for
Finance Zhiyargo Laing was given
a second chance to "come clean"
on his alleged involvement in the
lowering ofa Custom's duty tax
for his sister-in-law by PLP St
Thomas More MP Frank Smith
yesterday.
Warning t*at he and his par-
liameftary colleagues will com-
ment extensively on the Minister
of State's report of no wrongdoing
in the House 'of Assembly today,
Mr Smith encouraged Mr Laing
to "come cleah."
In the House of Assembly last
week Thursday, Mr Laing denied
any wrongdoing in the matter,
which saw th lowering of cus-
tom's duty on the Brazilian berry
drink from the 45 per cent cus-
toms duty category, to the 10 per


cent category.
He said that his brother, Tyrone
Laing, had telephoned him in Sep-
SEE page 12


The Bahamas 'has
become transit point
for cocaine shipments
from Venezuela'
* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net'
THE Bahamas has in the
past two years become a new
transit point for large cocaine
shipments from Venezuela,
according to the United
States' 2008 narcotics report:
In the 2008 International
Narcotics Control Strategy
Report (INCSR), released by
the US State Department on
Friday, it was stated that intel-
ligence sources suspect that
multi-tonne cocaine shipments
to the Bahamas and the Turks
and Caicos Islands from
Venezuela and Colombia took
place during 2007.
"However, none of these
SEE page 11


Police seek the
identity of man
believed to have
hanged himself
POLICE are seeking the pub-
lic's assistance to identify a per-
son who they believe committed
suicide by hanging himself in a
bushy area near the southern
end of St Augustine's College
over the weekend.
The badly decomposing body,
which was found hanging from
a tree with a cord around the
neck in the vicinity of Spring-
field Road, is believed to have
been there for "several days."
According to police press liai-
son officer Walter Evans, the
actual cause of death will be
determined upon completion of
an autopsy. He also reported
that the police have no infor-
mation on the identity of the
victim who he described as
being dressed in a short sleeve
shirt and green trousers.
Anyone who had a male rel-
ative or friend missing is asked
to call 919, 502-9991, 328-TIPS,
or their nearest police station.

The Bahamas'
classification
changed in US
narcotics report
By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
THE United States in its
latest annual narcotics report
has tacitly changed the
Bahamas' classification from
a major transshipment coun-
try for drugs, to a transship-
ment and drug producing
country.
The US State Department
in its 2008 International Nar-
cotics Control Strategy
Report (INCURS), released
on Friday, found that
domestic drug production in
the Bahamas is on the rise.
For several years now, the
US State Department has
reported that the Bahamas is
considered neither a signifi-
cant drug producer, nor a
producer of transit point for
drug precursor chemicals.
However, in the 2008
INCSR, the US simply men-
tions that the Bahamas "is
not a producer or transit
point for drug precursor
chemicals." The "not a sig-
nificant drug producer"
SEE page 12


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PAGE MONAY, MRCH ,2008THE TIBUN


Effort to remove oil tanker


is expected to
THE effort to remove the Shell
Oil tanker from where it is
grounded off Goulding Cay, near
the western tip of New Provi-
dence, is expected to start today.
A barge, organised by an inter-
national salvage company, was
expected to arrive in the Bahamas
late last night or in the early
morning hours of today to assist
in removing some of the 120,000
oil barrels from the tanker
"Ficus."
Port Controller Captain
Anthony Allens told The Tribune
on Friday that without the bar-


start today
rels of oil to weigh it down, it is
thought it will be easier to move
the 44,788-tonne vessel from
where it ran aground on a rocky
underground peninsula near
Goulding Cay on its way to
Clifton Pier last Wednesday.
The vessel's double hull is still
'intact and it is not expected that
any of the oil will leak into the
water.
Minister of Labour and Mar-
itime Affairs Dion Foulkes is
expected to give an official
update on the situation this after-
noon.


/
MAIN SECTION
Local News............................P1,2,3,5,6,7,8,9
ibcal News ............... ...... P10,11,12,14,15,16
Edtoria/ otters: .................................. P4
Advts ........................................................P13
BUSINESS SECTION
Business .........:.................P1,2,3,4,5,6,7,8,12
Comics' ........ .............................. ....... P9
Advt ................................................... 10,11
INSIGHT SECTION
Insight ............................P,2,3,4,5,8
Advts........ ................................. ... P6,7

CLASSIFIED SECTION 36 PAGES

REAL ESTATE GUIDE 28 PAGES

USA TODAY MAIN SECTION 12 PAGES

SPORTS SECTION
Local Sports ..................................... P1,2,15
USA Today Sports............................... P3 -14
W eather............... .................... .. ... P16 i


$160,000 worth of marijuana seized


in two incidents on Potter's Cay Dock


* By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
POLICE reported two sig-
nificant drug arrests over the


weekend when more than
$160,000 worth of marijuana
was seized in two separate inci-
dents at the Potters Cay Dock.
Yesterday, officers from the
Drug Enforcement Unit went


to Potters Cay dock shortly'
after 10am where they saw a
vessel, which had just arrived
from Grand Bahama.
Inside a trailer, officers dis-
covered 18 clear packages of
marijuana weighing 156
pounds. The drugs have an
estimated street value of
almost $160,000. No arrests
have been made in connection
with this matter.
On Friday morning, shortly
after 9.30am, qffige:s.agaiA.
from the Drug Enforcement
Unit, acting on a tip, went to
Potters Cay Dock where they
saw two'men in a 2001 Toyota
vehicle pull up to a vessel and
collect a box.


As the vehicle drove off, it
was reported that the police
stopped the men, and a search
was carried out. Officers dis-
covered 11 pounds of marijua-
na divided into eight clear plas-
tic packages and one brown
taped package.
In addition to this, police
press liaison officer Walter
Evans reported that the two
men had in their possession a
large sum of cash.
."Police arrested a 45-year-
old New Providence man and a
28-year-old Exuma man in
connection with the matter. It
is likely that both will appear
in court as early as Monday,
March 3, 2008," Mr Evans said.


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PAGE 2, MONDAY, MARCH 3, 2008


THE TRIBUNE








THE|TRIBUNEIMONDAYCMARCHA3,2008 PAGE1


SIn brief


Local doctor

is robbed at

knifepoint


PM encourages Floridian businessmen




to consider investing in the Bahamas


By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net
FREEPORT A local
doctor was robbed at knife-
point on Saturday while
catching a ride with two men
to Freeport from the Dead-
man's Reef area.
A 22-year-old Freeport
man, who is believed to be
involved in the incident, was
taken into custody by police
early Sunday morning. A
second man is still at large.
Chief Supt Basil Rah-
ming, press liaison officer,
said a doctor reported to
police that he was robbed
sometime around 5pm by
two men who were assisting
him with a ride home.
The doctor told police that
he had dropped his vehicle
off at his mechanic in Dead-
man's Reef to be repaired.
He got a ride with two
men in a white Buick car
who said they were going
into Freeport.
On arrival in Freeport, he
said the men turned off
through a side corer, where
the driver pulled out a knife
and held him up. He was
robbed of cash and other '
personal items.
He said the culprits then
sped off leaving him standing
in the street.
Supt Rahming said police
launched an island-wide
search for the culprits after
receiving the report.
He said a Central Detec-
tive Unit officer arrested one
of the suspects a 22-year-
old resident of Cabot Drive
sometime around 1.25am.
on Sunday. The white Buick
believe. to be involved in
the incident was also
impounded by police.
Mr Rahming said officers
are still searching for the sec-
S ond suspect.
Police are also investigat-
ing another armed robbery
incident that occurred Satur-
day evening involving a
woman taxi-cab driver who
was robbed by a male pas-
senger.
According to reports, the
woman cab driver was dis-
patched to Guilford Cres-
cent around 7.20pm to col-
lect a fare.
Upon arrival at that loca-
tion, she collected a young
man who asked to be taken
by St John's Jubilee Cathe-
dral on Settlers Way.
When she arrived at that
location, the young man then
told her to take him further
up Settlers Way by the
Church of God Fairfield.
When she arrived there,
he then told her to go further
east on Settlers Way, but she
told him that she was not
going any further.
She told police that the
man suddenly pulled out an
object and held it to her side.
He grabbed a sum of money
from her shirt pocket and
then fled into the bushes.
The cab driver radioed her
dispatcher and reported the
incident.
Mr Rahming said by the
time police units arrived in
the area, the culprit had
already escaped into the sur-
rounding area.
Police are continuing their
investigations.


TROPICALI~:I I


Share

your
news

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


* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
WITH the country facing
numerous new economic chal-
lenges, Prime Minister Hubert
Ingraham encouraged South
Floridian businessmen to consid-
er investing in the Bahamas.
Mr Ingraham, who addressed
members of the Latin Builders
Association (LBA) at a luncheon
in Coral Gables on Friday after-
noon, highlighted what the
Bahamas has to offer and encour-
aged those attending to not only
visit the country, but also "to con-
sider opportunities for investment
for our mutual benefit."
Notwithstanding the Bahamas'
successes in the tourism industry,
the prime minister said that the
impact of the Western Hemi-
sphere Travel Initiative (WHTI) -
which requires US citizens to be in
possession of a passport to regain
entry to their country following a
visit to Bahamas "has been sig-
nificant, curtailing impulse visits to
our islands by many residents of
South Florida."
"And, the economic down-turn
in the US, the high and increasing
cost of fuel, the sub-prime melt-
down, the resulting impact on the
US housing market, and the fur-
ther weakening of the US dollar
all combine to create new chal-
lenges for us," he said.
Mr Ingraham told the LBA
members that the Bahamas is at
this point particularly interested in
attracting international capital
investments in the following areas:


PRIME MINISTER Hubert Ingraham, centre, with executives of the
Latin Builders Association at the organisation's regular luncheon meet-
ing held at the Westin Colonnade Hotel in Coral Gables, Florida on Fri-
day, February 29, 2008.


Tourism resorts; second-homes;
marinas; information and data
processing; assembly and high-
tech industries; ship registration
and ship repair services; manu-
facturing and captive insurance.
The prime minister also spoke
about some of the Bahamas' new
and upcoming developments,
including projects on Paradise
Island and Baha Mar.
Mr Ingraham told the LBA
members that new investment
opportunities are now also open-
ing up in Grand Bahama.
"The picture is also improving
in Grand Bahama where the fall-
out from two terrible storms in
2004 and 2005 placed a damper
on resort activity. The climate is
now beginning to improve with
the acquisition earlier this year,
of the former Royal Oasis Hotel
in Freeport by the Harcourt
Group of Ireland.


"Additionally, the promise of
considerable resort and residential
development by GINN in West
End, Grand Bahama is creating
new business and employment
opportunities as the site is made
ready for development," he said.
The prime minister pointed out
that interest in resort develop-
ment in the country's Family
Islands continues to grow.
Mr Ingraham mentioned the
Four Seasons, which presently
operates the Emerald Bay Resort
in Exuma, as well as the upcoming
five-star hotel and residential
development at Baker's Bay on
Great Guana Cay in the Abacos.
However, the prime minister
emphasised that the Bahamas is
looking to attract environment-
friendly resort developments that
would not be unduly disruptive
to small communities in those
islands.


aC
U)

PRIME MINISTER Hubert Ingraham delivers the keynote address at the
Latin Builders Association's regular luncheon meeting held at the West-
in Colonnade Hotel in Coral Gables, Florida on Friday, February 29, 2008

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MONDAY, MARCH 3, 2008, PAGE 3


THE TRIBUNE


11


I


I







PAGE 4, MONDAY, MARCR3,T2008HTHEDTRIBUN


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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


PLP should set better example

GENERALLY Bahamians are not a disci- deposit to pay for it. If they did not need the
plined people. They do what they want, when extra time, and did not use the deposit, then it
they want and how they want. They slip by with would go towards paying the PLP's outstanding
as much as they can get away with and their debt owed the corporation and by extension
venial sins only become mortal if they are the Bahamian people. The PLP did not take
caught, them up on this offer and, obviously, agreed to
Bahamians are concerned about crime and the cut off time of 11pm.
they want government and the police to put an Mr Michael Moss felt as chairman of the cor-
immediate stop to it. They forget that they are portion he was not at liberty to disclose the
the ones who have to get themselves and their PLP's indebtedness to the corporation. He left
families in line, and adopt a different attitude that to the Prime Minister. However, a PLP
towards the petty offender, be he friend, fami- website indicated that it must be a large sum,
ly or party stalwart, because according to Mr Moss the corporation
They recognize that the only way to stop had only asked for a deposit that would go
crime is to start with the little things enforc- towards reducing the debt. Said the website:
ing the law on all fronts no matter how trivial "The notion that the PLP had to come up with
the transgression. They give lip service to "zero $6,000 to get half an hour of additional coverage
tolerance", and will go so far as to agree that it and no one being able to make a decision to
is a good concept that should be applied to extend the time seems ludicrous. In fact, it is
everyone, except, of course, "my mother's ludicrous that the PLP has to pay for coverage
favourite son." at all. The fact is the content of the convention
The schools have started to strictly enforce is a matter of public interest and it should be the
school rules, and some parents have squealed, stations that pay the PLP for having the right to
The Defence Force, which unfortunately has cover it. Not the other way around."
had a questionable record over the years, now What presumptuous brass! Based on that
has a Commodore who is committed to raising argument, and the fact that ZNS is'the peo-
standards and, of course, he is starting with pole's station, no one should have to pay anything
discipline. Junior officers are regularly subject- for air time after all it's the people's own
ed to summary trials for various minor breach- station, and their opinions are also important.
es. But, apparently, senior officers have been Certainly that was not the argument that the
among my "mother's favourite sons" and have PLP would have used when it was the govern-
slipped by unscathed. Of course, such behaviour ment, and the FNM was in opposition, as Mr
destroys discipline and breaks down respect. Moss reminded the PLP in his letter to the
Now for the first tinle in the 28-year history- -.- press.
of the force a senior officer is to be court mar- The PLP were complaining that on the first
tialled. The fact that he is beingjurt mar- imnight of the party's convention their keynote
tialled does not suggest that he has committed speaker, PLP deputy leader Cynthia Pratt, was
a serious offence, but apparently under the Act cut off at llpm. Said the PLP website: "She
if any senior officer commits an offence, no was in the middle of her address to the country
matter how minor, he must face a court martial. at the PLP's convention on Wednesday, 20th
This establishes that no one is above the law, February when the publicly-owned broadcasting
and the rules are not just there for the ratings. station ZNS decided that they had enough of
This is the only way that Bahamians can start to the PLP and cut the coverage off in the middle
learn that rules have been made to be obeyed, of the speech. Some blamed the PLP for always
and the law is not to be laughed at. If this can be running over time.
established at the top, then the grassroots "But the fault is clearly the station's; the fact
offender can no longer point to the top and is she was the keynote speaker, the Deputy
say: "If he (the big man) can do it, why can't I?" Leader of one of two major political parties in
We now have the situation of the Broadcast- the country."
ing Corporation of the Bahamas and the ,PLP All the more reason why the PLP should
over their convention broadcast times. And have set an example to a country trying to intro-
once again we come face-to-face with the atti- duce "zero tolerance" into its affairs. Having
tude that rules are necessary as long as they agreed a contract what right did the PLP have to
don't touch "mama's'favourite sons." expect any special favours?
For their party's three-day convention the In fact we were told by the station that Mrs
Broadcasting Corporation agreed that the par- Pratt was not cut off. The party was running
ty was to have three free broadcast hours each so late with its programme that the station had
night 11pm was to be the cut off time. The shut down before Mrs Pratt had even got to
corporation told the party that if the convention the podium.
ran late the party would have to put down a We shall return to this subject tomorrow.


EDITOR, The Tribune.
At the PLP's recent con-
vention the speakers spent
considerable time lamenting
the fact that the FNM have
not implemented their much
ballyhooed National Health
Insurance scheme.
Their intention, if re-elect-
ed in May 2007, was what
amounted to a hostile take
over of the health care indus-
try.
Promising that no Bahami-
an would have to endure the
hardship of cookouts to raise
money to help defray medical
expenses ever again.
But as Greg Mankiw, pro-
fessor of economics at Har-
vard points out, people in
Britain, where they have had a
form of NHI for 60 years, still
have to raise money for health
care services.
He writes in a recent blog:
"Some people like to think
of health care and education
of basic human rights. Maybe
they are. But they are also
normal goods. That is, the
income elasticity of demand
is positive. It is hard to escape
the conclusion that the right
cost-benefit calculation for
providing the good depends
on the income of the con-
sumer."
"Achieving both efficiency
and equality in the provision
of these goods is impossible.


Dealing with this conflict will
provide a major challenge to
the political system in the
years to come."
Not to be out done, the
FNM appears to be playing
politics with the NHI now by
saying they are in favour of
such a scheme. Some say they
have to make people believe
they want nationalised health
care as that is the 'political
thing' to do.
Of course many politicians
don't realise that the Pied
Piper of Hamelin was a fairy
tale.
The difference with the
NHI story is adults are being
sold a bill of goods that will
further enslave their children
to an even larger debt load for
the country and the attendant
tax burden.
The Bahamas has endured
the 'political' thing being done
for too long. Just look where it
has led. Failed public educa-
tion, failed public health care,
among many other failed pub-
lic institutions and services.
It's high time some eco-
nomic principles were applied
to government services and
that most certainly does not


include nationalising health
care.
And how might that be
accomplished?
As Nadeem Esmail, of TI
Fraser Institute, suggested i%
his analysis of the Blue Ril-
bon Commission's plan, thp
cleanest solution to the health
care problem is for govern-
ment to mandate that all
working employees buy their
own health care insurance. -
This would leave the unem-
ployed and indigent for the
government to take care of
through a catastrophic health
plan. While as a general pririL
ciple government mandates
are not the best thing for 'a
free society, it sure beais
nationalising health car0.
Sorne compare it to the law
that forces drivers to buy vehi-
cle insurance. o
There is no other course
for a viable future.
Unless the PLP or FNM
have a wizard in their bac3
pocket, wiping every tear frosi
every eye, and creating ,4
national health insurance
scheme whereby no Bahamian
will ever have to raise money
to pay for health care service,
or do without services again,
a pipe dream. A mere bill qf
political goods


The Nassau Institute
Nassau,
February 28, 2008.


EDITOR, The Tribune.
I continue to read Sam Dun-
combe's plaintiff cries for the
safeguarding of our Bahamas,
particularly its God-given pris-
tine environment.
Our friends from the North
would wish to invade, pollute
and destroy God's most pre-
cious gift to the Bahamas.
I write to assure her, the Gov-
ernment and all Bahamian
patriots that she's not a voice
crying in the wilderness.
WE, THE PEOPLE DO
CARE!
I agree with Ms Duncombe
that Florida should be looking
at other alternatives to meet its
demands for natural gas.
We will not sell our souls and
our children's patrimony to
Florida while they preserve
theirs for themselves and their


generations to come. Instead of
passing on to us and our chil-
dren the risk of calamity I sug-
gest to Florida (as I have done
before) that they install their
LNG projects one on Lake
Okeechobee and another in the
Everglades.
They cherish their natural
reserves as much as we cherish
ours therefore I am certain
Florida will not risk that.
And we need Florida and the
Government of The Bahamas
to understand, appreciate and
respect this. If Mr Pindling were
in charge this could not happen
- no way.
If Florida is serious and if it
respects The Bahamas as
friends.and neighbours it would
understand that The Bahamas
will not be abused by Florida
in this way not for a fistful,
not for a sky full, not for an


ocean full of dollars. It makes
no sense. Come ot Flori4
credit us with commonsense,
least.
There are some things th
Florida's money cannot bu
Our dignity, our integrity a'
our sovereignty are not for sal
The United States and T
Bahamas enjoy mutual goo
will.
May that be so for gene
tions to come.
We have no desire to
invaded nor purchased esp
cially by our friends!

BOSTWICK
& BOSTWICK
J HENRY
BOSTWICK
Nassau,
February 14,2008.


The Lyford Cay Foundations
ACADEMIC SCHOLARSHIPS
Application Is Open
The Lyford Cay Foundations are pleased to announce that
applications are now being accepted for academic scholarships
for study at the undergraduate, graduate and doctoral levels
at colleges and universities in the U. S., Canada, U. K. and the
Caribbean.
Applicants must be Bahamian citizens and pledge to return
toThe Bahamas upon graduation.
Please visit our website at www.lyfordcayfoundation.org for
additional information and application forms.
Forms may also be obtained from high school guidance
counselors,The College of The Bahamas Financial Aid Office,
and the Lyford Cay Foundation office. Please address your
application to:The Chairman, Screening Committee.
DEADLINE FOR ALL APPLICATIONS IS MARCH 31, 2008.


Your Dreams. Our Mission.
Inspired Philanthropy for a Better Bahamas
P. O. Box N 7776, Nassau. Bahamas
T 242.362.4910 / F 242.362.5449
E info@lyfordcayfoundation.org
S W www.lyfordcayfoundation.org


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We will not be abused by Florida

- not for an ocean full of dollars,


PAGE 4, MONDAY, MARCH 3, 2008


THE TRIBUNE






, MONDAY, MARCH 3, 2008, PAGE 5


..THE TRIBUNE


Kerzner donates $20,000 to Royal


Bahamas Police Dependants Trust

$140,000 donated to 28 other community-based organizations


#ARBORSIDE RESORT at Atlantis presents special Olympics Bahamas with
P,000 Harborside Resort at Atlantis, Vice President and General Manag-
er, Judith Thompson at left presents Basil Christie, National Chairman of
ecial Olympics Bahamas, with $5,000 during the ninth annual Kerzner
International Community Service Awards.
-f


fi THE children and families
of slain police officers and offi-
cers injured in the line of duty
will benefit significantly from a
$20,000 donation which Kerzn-
'r International made to The
Royal Bahamas Police Depen-
dants Trust on Friday during its
Ainth annual Community Ser-
lyice Awards. Kerzner also
glonated an additional $140,000
.to 28 local charitable organisa-
+jons that have positively affect-
qd the social and moral fabric
of the Bahamian society by
assistingg the youth, elderly as
well as the underprivileged.
George Markantonis, Presi-
ient/Managing Director of
terzner International, said,
OWe are delighted on behalf of
ihe 9,500 associates of Kerzner
international and their families
q, present this cheque to you.
li's timely and a worthy cause
~id is part of our commitment
To the community. Some $25
million dollars have been put
into the community in various
charities and events since the
initiation of the Community Ser-
vice Awards in 1994."
"It's almost a fund that we
wish will never have to be used,
but in the realities of today's
world that's not how it works,"
said Mr Markantonis. "And cer-
tainly the tasks of the police qffi-
cers is a major one for every-
one in this community, whether


its residents or citizens of The
Bahamas or tourists. It's a proud
thing for us to support those
people who day and night are
protecting us..."
Accepting the award on
behalf of The Royal Bahamas
Police Dependants Trust were
Grafton Ifill Sr, former Assis-
tant Commissioner of Police,
and a member of The Royal
Bahamas Police Dependants
Trust along with Dorothy
Phillips, Secretary of The Trust.
"The purpose of this Trust,
which is now a legal entity, is to
provide funds and support for
children and the family of police
officers slain in the line of duty.
Everyone knows what's hap-
pening in the world today and
this is a very worthy cause. We
laud people like Kerzner Inter-
national," Mr Grafton com-
mented while noting that the
funds will be put to good use.
Currently, proceeds donated
to the Trust are used to assist
with the education or school
allowance for some 28 children.
Of that 28, three young persons
are currently receiving assis-
tance while attending universi-
ties in the United States and
Canada.
Also making a special pre-
sentation was Harborside
.Resort at Atlantis, Vice Presi-
dent and General Manager,
Judith Thompson who present-


THE BAHAMAS Crisis Centre receives $5,000 during Kerzner's Com-
munity Service Awards Sandra Neville, Deputy Director of The
Bahamas Crisis Centre is presented with $5,000 to assist the centre by
Harborside Resort at Atlantis, Vice President and General Manager,
Judith Thompson.


KERZNER presents the Royal Bahamas Police Dependants Trust with
$20,000 Pictured from left to right at Kerzner International's ninth
annual Community Service Awards is Nan Palmer, Chief Operating Offi-
cer of Kerzner International, Dorothy Phillips, Secretary of The Royal
Bahamas Police Dependants Trust, Grafton Ifill Sr, former Assistant
Commissioner of Police and a member of The Royal Bahamas Police
Dependants Trust, with George Markantonis, President/Managing Direc-
tor of Kerzner International.


ed Basil Christie, National
Chairman of Special Olympics
Bahamas and Sandra Neville,
Deputy Director of The
Bahamas Crisis Centre with
$5,000 each.
"It is a pleasure to represent
Harborside Resort at Atlantis
and to make this presentation
to you. We certainly feel that
we are partners with Special
-Olympic B hamas and it's, cer-
tainly a privilege of mine to con-


tinue the tradition that has been
going on for seven years now,"
Ms Thompson commented.
Both organizations thanked
Harborside at Atlantis and
Kerzner International for its
continued assistance over the
years, while pointing out that
they are making notable
progress in their various com-
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to open Emerald Coast Subdivision


CABINET ministers, dig-
nitaries, business and com-
munity leaders are expected
to be among more than 150
persons present for the official
opening of Emerald Coast, a
'$70 million subdivision in
South West Ridge, March 6.
Considered one of the most


significant investments by.
Bahamians on the island of
New Providence in recent his-
tory, Emerald Coast will be
officially opened by Minister
of Works and Transport Earl
Deveaux.
"We are very excited about
this project, not only because


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of the beauty of the setting
with nearly six acres of pre-
served natural wetlands on
the lakefront, but because
every conceivable square inch
from planning to design to
execution is being done by
Bahamians," said Judy
Munnings Deveaux, chairman
of JEM Real Estate and Pres-
ident, Emerald Coast.
The secure gated commu-
nity consists of 126 lots on 37
acres with a combination of
single family residences and
townhomes.
One of its major selling fea-
tures is a pavilion and board-
walk overlooking Lake Kil-
larney with views of the large
interior body of water -
rarely seen by Bahamians
except during a flight with
its extensive necklace of man-
groves, and the birdlife it
attracts, tall herons, egrets,
numerous species of duck and
the familiar sight of coots and
gulls. Located on the south
side of JFK Drive, about a
mile and a half inside the mas-
sive South West Ridge area,
Emerald Coast is accessible
by either JFK or Gladstone
Road.
The subdivision was initial-
ly unveiled with a soft open-
ing followed by an open
house of its first model with
30 lots selling in the first
month. Since then, there have
been several additional sales
and home prices that started
at $245,000 have climbed to
$330,000 for a three-bedroom,
two-bath residence with near-
ly 1,600 square feet under
roof, central air conditioning
and nine foot ceilings. Lot
prices start at $90,000. This
official opening will be fol-
lowed by an on-site housing
fair with participating part-
ners including furniture and
appliance stores, financial
institutions, insurance
providers and others March
15.
"Clearly there is a demand


THE SUBDIVISION was initially unveiled with a soft opening
followed by an open. house of its first model.


for affordable, high quality
single family and villa resi-
dences in a secure communi-
ty," said Ms Deveaux, who
began her career in construc-
tion and development with
her late father, Percy
Munnings, and has continued
on her own for more than a
decade, contributing to or
conceiving from start to
move-in the developments of
East Park Estates, Southern
Heights, Twin Lakes, and
Sunset Park.
None, she said, has filled
her with the sense of awe as
Emerald Coast.
"We are immensely proud


of the quality of the work-
manship, the attention to
detail and the feeling of being
part of a community from the
moment you enter the gates
to the time you spend over-
looking Lake Killarney," she
said.
"I believe we are building
more than bricks and mortar
here, we are creating a safe
haven for Bahamians where
families can thrive, where chil-
dren can ride a bicycle with-
out fear, where you can sit by
the lake and fish hearing only
the silence, where you can
enjoy what we all crave a
true sense of community."


dLt di -Wi4nnJin 6DfaC


Ocean Club Spa

--,i I Ruissell, winner of,
Oc ean Club Spa
Employee of the
.Year Aeward 2007 i -
and Youlanda
De.-e-au,, Regional
"
Pol Vice President,
Bahamas and
'"M C aribb.ean.



Spa Bahamas Ltd. work tirelessly, devoting their energy,
strength, skills and training to relieving stress, soothing And the Winners are:
sore muscles and beautifying the rich, famous and privileged Atlantis One&Only Ocean Club
who visit the One&Only Ocean Club or Atlantis.
Those professionals are part of a fast-growing, booming $40 v Eimloyee of the Year:
billion a year global industry that includes 14,000 spas in the U.S. it Adcrlevolen
alone. To meet the demands of that increasingly sophisticated and HighestAchiever Award of Excellence:
savvy client base, Mandara staff members constantly study and Carlethia Thurston leredith Culmner
train, perfecting new treatment options and updating their skills Best Appearance and Grooming:
in order to deliver exceptional service to guests on Paradise Island 0
seven days a week. In one fantastic instance of employee dedi- KaTia ail Deshea nlicklehi ite
cation, spa employees closed the former Mandara Spa at Royal Best Guest Sevice Skills:
Towers at 8pm having served 350 appointments that day, and Shantel Roberts Fred rica XlcPhee
opened the new spa at The Cove 12 hours later, having moved Alentoring A0,ard:
all equipment and supplies in one night. The team opened the Desiree Chisholi Daw\ n Coakle\
new spa with a smile, serving 300 appointments that first day.
Their hard work and dedication were rewarded during an annual lost lipio 9ed Employee:
awards ceremony. --.-.. -
.. umctuality and A ttendace:
-- (.Chanelle MlcKenzie L n linns

01l Highest Retail Achierer:
Lon Minns, winner of
1 Ocean Club's punctuality The Regional 'ice President's Inspirational .Atm'ard:
and attendance award Mlikera Hume-.
and Pia Rolle, Spa
Human Resources
Manager. L -


~~~\\\\\\\\\\\\&\\\\~\*\\


PAGE 6, MONDAY, MARCH 3, 2008


THE TRIBUNE


~%B~i







MONDAY, MARCH 3, 2008, PAGE 7


THE TRIBUNE


LAN


* By Sir Ronald Sanders

THE Caribbean is a vic-
tim of climate change
caused by larger countries and
yet no attempt is made to com-
pensate the area for the damage
being done to it by the profli-
gate emissions of harmful gases
by larger countries. i
The end of the hurricane sea-
son has always been a time of
relief for the islands of the
region, but it has become even
more so over the last decade as
storms have worsened both in
their intensity and frequency.
All,Caribbean countries,
including mainland territories
such as Belize and Guyana, are
already witnessing coastal flood-
ing and erosion, saline intrusion
into fresh water, changes in
rainfall patterns causing
droughts or floods, and enor-
mous damage to infrastructure.
Yet, it is well known that
small island states around the
world, account for only 1 per
cent of the global emissions that
are linked by many scientists
and scholarly research to cli-
mate change.
Even when other small devel-
oping countries are added to
the island territo-
ries, the green-
house emissions
do not increase by
much.
The United
States remains in
first place with 30
per cent of all the
human-produced
greenhouse emis-
sions to date and
about 20 per cent of the current
yearly totals even though it
makes up only 5 per cent of the
world's population.
China is very close behind
the US. On a measurement of
head of population its emissions
are much lower than the US but
its rapidly growing economic
activity suggests that by 2025 it
will surpass the US.
In a real sense, the countries
of the Caribbean are paying for
the abuse by other countries.
Tourism is a significant con-
tributor to the economic devel-
opment of many Caribbean
countries bringing in some
US$20 billion in revenues and
employing about a million peo-
ple.
Small Caribbean countries,
such as Antigua and Barbuda
and Grenada that are highly
dependent on tourism, know
well that major hurricanes can
destroy years of development
overnight and it takes years and
considerable financial invest-
ment to recover.
The private sector in the
region is particularly challenged
by the effects of climate change.
Hurricanes inevitably affect
hotels.
Located on the coastal areas,
as many of them are, they are
often the first casualties of
storms.

Premiums
Getting them functioning
again is not only a matter of
finding the money to rebuild
the physical infrastructure, it is
also the financial burden of con-
vincing the market place
through advertising and public
relations, that the country and
the property are open and ready
for business.
With insurance companies
raising premiums with each hur-
ricane, and commercial banks
charging high rates of interest
on loans, plus the high cost of
importing material, the cost of
doing business in the Caribbean
becomes increasingly more pro-
hibitive in the face of climate
change.
This observation is true too
for non-tourism business.
Heavy rains and flooding
affect agricultural production
in the small islands and in the
mainland territories.
In Guyana, for instance,
heavy and unseasonable rain-
fall threatens the sugar and rice
industries and makes dry-
weather roads from the interior
dangerous if not impassable.
In turn, this affects the costs
of transportation in critical
areas such as forestry.
What all this adds up to is
that the region becomes less
attractive as an area for doing
business.
The question arises as to
what can be done about it? The.


introduced legislation to curb
emissions, and China is increas-
ingly using solar power to pro-
vide hot water for domestic use.
So far in the Caribbean, the
focus has been on measures to
mitigate the impact of climate
change.
These measures have been
viewed in the context of what
individual countries could do to
limit the damage caused by dis-
asters and how best they might
try to recover from them.
But, no Caribbean country
has sought to introduce into
trading arrangements the mat-
ter ,f compensation for the
damage being done to the
region by the emissions from
the industrialized countries.
Yet, if the Caribbean is so
low an emitter of harmful car-
bons but is a major victim of
the high emissions of many of
its trading partners, surely a for-
mula could be worked out by
which the Caribbean trades its
low use for meaningful devel-
opment assistance.
No doubt, the trading part-
ners such as the EU, who at 14
per cent, are the third largest
emitter of harmful gases, would
argue that such a discussion
should take place in an inter-
national forum such as the
World Trade Organisation
(WTO) or the Kyoto Protocol.
And, undoubtedly if the
Caribbean were to try to intro-
duce the notion of compensa-
tion for its low emissions and
damage caused by high emit-
ters, there would be consider-
able resistance.
But every journey starts with
a first step.


Caribbean countries should be



compensated for global warming


sons such as the former US Vice
President, Al Gore, with his
book and film, "An Inconve-
nient Truth", the majority of
people in the industrialized
world have not been moved to
make changes to their lifestyles,
and many large corporations
have shown marked reluctance
to implement measures that
move away from the usee of fos-
sil fuels since doing so would
erode their profits.
One salvation for small
island states and mainland ter-
ritories with low lying coast-
lands is that climate change is
beginning to affect industri-
alised countries as well.

Emissions

They too have low lying areas
that are threatened by the sea
and by rivers.
In this connection, there
have been efforts by some coun-
tries to curb their harmful prac-
tices.
The State of California in the
United States, for instance, has


experts call for a programme to
be agreed at a global level that
would compel individual states,
particularly the major users of
fossil fuels to cut down on the
emissions of harmful gases.
Attempts to achieve this have
been lukewarm at best.
Despite the efforts of per-


And, the Caribbean could
take the first step by introducing
the concept in the African,
Caribbean and Pacific group
and exploring whether, togeth-
er, they might advance the idea
in the international institutions
such as the UN and the WTO.
Responses to ronald-
sanders29@hotmail.com
(The writer is a business exec-
utive and former Caribbean
diplomat)


WAVES are shown pounding against the sandbagged seawall in
Kivalina, Alaska, Thursday, in this September 13, 2007 file photo. The
city of Kivalina and a federally recognized tribe, the Alaska Native vil-
lage of Kivalina, on Tuesday, February 26, 2008, sued Exxon Mobil
Corp. and eight other oil companies, plus 14 power companies and
one coal company, claiming that the large amounts of greenhouse
gases they emit contribute to globalwarming that threatens the
community's existence.


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I LOCL NEW


Education is in the Click


THE Ministry of Education,
Youth, Sports, and Culture
has announced the broadcast
of its third season of Bahamas
Learning Channel pro-
grammes.
The BLC is a series of edu-
cational television pro-
grammes that are in keeping
with the ministry's mission to
lead the educational and cul-
tural development of the
Bahamas.
The programmes air on
Cable Community Channel 12
on Tuesday and Thursdays
from 4 p.m. to 6 p.m. and on
Saturday .from 10 a.m. to


Ministry announces broadcast
of its third season of Bahamas

Learning Channel programmes

noon. The Bahamas Learn- concepts while utilizing the
ing Channel appeals to a wide latest production technologies.
audience as the programmes So if stimulating the brain,
have a strong educational gaining valuable information,
base, are relevant and appro- and character development
private for teachers, students are what you are interested
and the wider public, in, then remember to tune into
The programmes' successes the Bahamas Learning Chan-
are also due to the fact that nel where 'Education is in the
they embrace new ideas and Click'.


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If you have it, we want you.

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Senior Human Resources Administrator


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Re: Sr. HR Resources Administrator
51 Frederick Street
P.O. Box N-4853
Nassau
F: 328.1108
careers@fidelitybahamas.com
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* Bachelor's Degree in related area and/or HR Certification
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RESPONSIBILITIES WILL INCLUDE:
* Assists the HR Manager
* Assists with HR duties and research projects
* Assists in the planning and execution of all social /
employee events
* Disseminates internal information to personnel as required
* Composes letters, memos and reports
* Tests, screens and interviews prospective employees
* Handles payroll, benefits, pension and insurance matters
* Provides monthly, quarterly and yearly HR statistics

An attractive compensation package, including a
comprehensive range of employee benefits, is
being offered.

Salary range subject to qualifications and
experience.


" -1


Window Van & Panel Van
(not shown)
Automatic trans.
Air conditioning
k -3* Power steering
Radio/cassette player
3 cylinder 659cc

Pick-up
Standard transmission
Air conditioning
Radio


-w
,T -. L-% .


2 year/24,000-mile factory warranty.


BEC wishes to advise the public that on
25th March, 2008, it will begin surveying its
wayleaves which enclose transmission lines from
Tucker Road to Bethel Avenue.

All derelict vehicles, existing encroachments, fences, walls,
structures and other equipment should be removed from
the wayleaves within the next 21 days. Failure to do so will
result in immediate removal of any and all equipment and
structures from the following locations:

* All that property being BEC wayleave going south
from Tucker Road
* Crossing Celery, Old Cedar and Graham Roads
* West on Derby Road
* Crossing Yellow Elder, Maize and Brown Roads
* Ending at Bethel Avenue


---------


wmmmk


THE TRIBUNE


PAGE 8, MONDAY, MARCH 3, 2008











Chinese Ambassador's final courtesy call on Governor General

F77 Amaii.;; I


THE TRIBUNE


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Few cars can compete with its ability to
adjust so many facets of its character -
from the interior to the drive technology -


ever.


so quickly and precisely in ritspi 'i"
to external conditions and your own
particular needs. The key to this flakile
response is the standard-fit Agility
Control Package which includes
selective damping.
The intenor offers noticeably more
space and a more distinctive atmosphere
to suit your taste. As you will see, the
new C-Class is the perfect embodiment
of the Mercedes-Benz philosophy.


E

AMBASSADOR OF the Republic of China to The Bahamas, Li Yuanming paid a final courtesy call on
Governor General Arthur D Hanna, on Wednesday, February 27, at Government House. The Chinese
Ambassador officially left the Bahamas on Friday, February 29.



Government to follow 'reasoned'

approach to crime fighting


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By MATT MAURA
Bahamas Information
Services
GOVERNMENT will follow
a reasoned, coherent, coordinat-
ed and calculated strategy in the
fight against crime and criminal-
ity in The Bahamas, Minister of
National Security "Tommy"
Turnquest told the House on
Wednesday.
Mr Turnquest said that strate-
gy will include the cooperation
and collaboration between agen-
cies of the Ministry of National
Security, the Royal Bahamas
Police and Defence Forces, the
Department of Immigration, Her
Majesty's Prison, Parliamentary
Registration Department and the
National Anti-Drug Secretariat.
He said the multi-faceted
approach is a "key element" in
the effort to counter crime and
criminality and the fear of crime
in The Bahamas.
"Consequently, ours is a strat-
egy in which law enforcement
agencies' 'of the Ministryof
National Security will also work
hand-in-hand with the Office of
the Attorney-General, Customs
Department and the social min-
istries such as the Ministry of
Education, Youth, Sports and
Culture, Ministry of Health and
Social Development and the
Ministry of Housing and Nation-
al Insurance," Mr Turnquest
said.
"We cannot claim to have all
of the answers and we will not;
but we would say that our agen-
cies share a common sense of
direction and that there is con-
nectivity in the work they do."
Addressing members of the
House of Assembly on the Sup-
plementary Appropriation Bills,
Mr Turnquest said crime is an
extremely complex, dangerous
and grave problem that is nega-
tively impacting the country and
is a "core issue in public dis-
course." He said it is the respon-
sibility of House Members to add
"an authoritative, unbiased, non-
partisan voice" to that public dis-
closure.
He said that, as policymakers,
House Members cannot hear
what they want to hear, under-
stand what they want to under-
stand, in the Way they want to
understand it, misrepresent or
exaggerate the facts whether
implicit or explicit or make
"unwarranted statements on the
critical matter of national secu-
rity."
"This is not the time or place
to argue for systems that were
clearly not accomplishing their


objectives and to conclude that
initiatives to build upon and
improve those systems are a
causative factor in the height-
ened crime situation in our coun-
try. Those systems were not
'quick fix' then and would surely
not be a 'quick fix' now," Mr
Turnquest said.
, The National Security Minister
said he was referring "specifical-
ly" to comments regarding the
Urban Renewal Programme,
School Policing Initiative and
Tourism Policing. He said the
Royal Bahamas Police Force has
a duty to police the country's
neighborhoods, schools and the
tourism industry, a duty they are
"effectively carrying out."
Mr Turnquest said the Police
have recorded significant accom-
plishments, particularly with
regards to the Neighbourhood
Community Policing Pro-
gramme. He said he met with
representatives of nine commu-
nities in the southeastern Dis-
trict of New Providence.
He said the community leaders
gave an optimistic assessment of
community policing and the
important changes it is bringing
about in their neighborhoods.
Mr Turnquest said the commu-
nity leaders spoke positively of
their relationships with Officers
attached to the programme.
"They were also of the opinion
that the Neighbourhood Com-
munity Policing Programme was
sustainable and encouraged such
development," Mr Turnquest
said. "These were not the voices
or opinions of the Government
or the Neighbourhood Commu-
nity Policing Programme. They
were the voices and opinions of
the leaders of our communities.
"The Police are engaged in
police work. No one, particular-
ly Bahamians, gain anything
when unfocused initiatives are
proffered to score political points


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or to seek to obscure action that
is making a difference in the fight
against crime and that is improv-
ing the lives of Bahamians. I cer-
tainly do not intend to allow such
matters to detract me from my
critical responsibilities as Minis-
ter of National Security," Mr
Turnquest added. .
Mr Turnquest said, given the
magnitude of the task of halting
and reversing crime in the coun-
try, "all of us" ought to strive for
an objective understanding of
those factors social, econom-
ic, moral, ethical and others -
which have made the current
crime situation in The Bahamas
'virtually inevitable."
"This understanding should
underpin a remarkable consen-
sus in this Honourable House on
a national and collective
approach to the crime problem.
Each of us ought to do his or her
part to implement that consen-
sus," Mr Turnquest added.


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MONDAY, MARCH 3, 2008, PAGE 9


; ',":-. *^ ...,."



T ...wC





The New C-Class -'







PAGE10, ONDY, MRCH3,208 TE TRBUN


LOALWI


Bahamian cadets complete sea time


Applicant must have retail
management experience.
If interested, please submit
your application to
P.O. Box N 3009
Nassau Bahamas
or fax to 326-0570
or application may also be
hand delivered to
GR Sweeting's Head Office.


* By GLADSTONE
THURSTON
Bahamas Information
Services
FIVE Bahamian Maritime
Cadet Corps students have
completed the three months
sea time required by the Inter-
national Maritime Organisa-
tion for international licensing.
They will be employed at
sea for the next three years
before returning to Holland
Maritime College, Canada to
take their officers' exams.
The students are Juliana
Rolle, (engineering), Adassia
Woodside (engineering),
Shadya Woods (engineering),
Jaharad Green (navigation),
and Raynaldo Miller (naviga-
tion).
"We are very encouraged,"
said Kamanna Valluri, manag-
ing director and president of
Dockendale Shipping Compa-
ny, a key sponsor of the pro-
gramme.
"We have been giving them
training and after that we have


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TOWN CENTRE MALL/356-3205
10am-7pm Monday- Saturday





TINmLIE!


BAHAMIAN MARITIME Cadet Corps students who recently completed their initial three-month sea time called
on Kamanna Valluri, managing director and president of Dockendale Shipping Company. Pictured from left
are Dockendale's crewing administrator Jamaal Smith, Jaharad Greene, Juliana Rolle, Mr Valluri, Adassia
Woodside, Renaldo Miller, and Dudley Martinborough of the Bahamas Maritime Authority.


been sending them to sea on
our ships," he said. "They are
doing very well. We are going
to continue this kind of finan-
cial assistance and training."
Dudley Martinborough, of
the Bahamas Maritime
Authority, said they were all
grateful for Dockendale's assis-
tance as the country develops
its maritime sector.
"Mr Valluri and Dock-
endale have been extremely
good to us," he said. "We can
always count on them to give
the students a training founda-
tion and the possibilities of jobs
for those who stick with the
programme.
"Most of the students want
to be officers.
"It is a long hard road but if
they stick with it, it is very, very
rewarding. Those who have
stuck with it have made us
proud."
The Bahamas Maritime
Cadet Corps is a programme
of the Bahamas Maritime
Authority which falls under the
Ministry of Maritime Affairs
and Labour.
It seeks to prepare high
school students of grades 10
through 12 for employment in
the maritime industry.
It is conducted in conjunc-
tion with the Ministry of
National Security by way of the
Royal Bahamas Defence Force


and the Ministry of Education.
A training centre is located
at C R Walker Secondary
School, Baillou Hill Road. It
is designed to introduce stu-
dents to the industry at the
entry or basic rating level.
Tenth graders are taught first
aid, coastal navigation, disci-
pline, and vessel husbandry.
Eleventh graders continue
to develop their first year agen-
da with the addition of basic
fire-fighting and practical expo-
sure to life at sea.
Twelfth graders are given
more exposure at sea in addi-
tion to becoming internation-
ally certified by taking the
Standards of Training Certifi-
cation and Watchkeeping
course. This is conducted by
the Bahamas Maritime Train-
ing Institute and held at the
Defence Force base.
The Bahamas ship registry
hasmore than 1,600 vessels with
crew sizes over 2,000 in some
cases, said Mr Martinborough.
"A programme such as this
sensitises students to this vast
potential job market and is the
initial step in qualifying them
for future employment on
ocean-going vessels," he
said.
For student marine engineer
Woodside, 17, "the experience
was a good one."
Her three-month stint took


her to Europe, Ireland, UK
and the US.
"I learned a lot," she said.
"It was trying at times. Never-
theless, I would like to stay in
this field and gain more knowl-
edge of it."
Ms Rolle, 18, encouraged
Bahamians to consider the
maritime industry for career
opportunities.
"We need a lot of Bahamian
engineers in this field," she
said. "I have had a wonderful
experience working with Dock-
endale." She was assigned with
Ms Woodside.
"We completed our tasks
and got everything done
although sometimes the seas
were not working with us and
we had trouble with that," she
said. "I plan to become a chief
engineer."
Mr Green's assignment took
him to Colombia, Aruba, and
South Africa.
"It was hard work, but it was
a very good experience," said
the student marine navigator.
As a deck cadet, Mr Miller
who is also studying marine
navigation, saw US ports,
Venezuela, Colombia, Trinidad
and Aruba on his assignment.
"It was fun," he said.
"I learned a lot of stuff I did
not know and I got a lot 6f
practice on stuff I learned in
school.


A "v


TENDER FOR THE PROVISION

OF

PUBLIC RELATIONS, MARKETING
AND ADVERTISING CONSULTANCY
SERVICES

The Bahamas Electricity Corporation invites
Tenders from eligible bidders for the provision of
Public Relations. Marketing and Advertising
Consultancy Services for the Corporation.

Bidders are required to collect packages from the
Administration Office, Blue Hill & Tucker Roads,
by contacting :

Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
March 19, 2008 at 4:00 p.m.
and addressed as follows:

The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Marked:Tender No. 660/08

Public Relations, Marketing and
Advertising Consultancy Services

The Corporation reserves the right to accept or
reject the whole or such part of any Tender the
Corporation deems necessary.


Bahamas Bus & Truck Co
Montrose Avenue


Phone:322-1722 Fax: 326-7452



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I


PAGE 10, MONDAY, MARCH 3, 2008


. .


Amomm.- V


THE TRIBUNE







THE TRIBUNE MONDAY, MARCH 3,2008, PAGE 11


The Bahamas 'has



become transit point



for cocaine shipments



from Venezuela'


FROM page one
shipments were successfully
interdicted," the INCSR stat-
ed.
Prior to 2006, the Bahamas
was described as a transship-
ment point for drugs from
Colombia. However, in the
INCSR for 2006, the US State
Department noted that multi-
tonne cocaine shipments from
Venezuela are now also
shipped through the
Bahamas.
The INCSR stated that the
Drug Enforcement Agency
(DEA) and Operation
Bahamas, Turks and Caicos
Island (OPBAT), estimates
that there are 12 to 15 major
Bahamian drug trafficking
organizations.
"During 2007, law enforce-
ment officials identified 34
suspicious go-fast boats in
Bahamian waters. In addi-
tion, there were 12 suspect-
ed drug smuggling aircraft
detected over Bahamian ter-
ritory. Small amounts of
drugs were found on individ-
uals transiting through the
international airports in Nas-
sau and Grand Bahama
Island and the cruise ship
ports," the report said.


(I


'*


The INCSR also reported
that Illegal drugs have been
found in transiting cargo con-
tainers stationed at the port
container facility in Freeport.
"(Bahamian) law enforce-
ment officers have noted that
Haitian traffickers are con-
cealing their drugs in hidden
compartments in wooden-
hulled sailing freighters and
Haitian criminal organisa-
tions are commingling drugs
with illegal migrant smug-
gling," the report said.
The INCSR further stated
that Bahamian law enforce-
ment officials also identified
shipments of drugs in Hait-
ian sloops and coastal
freighters.
In the report, the US State
Department encouraged the
Bahamian government to
continue its strong commit-
ment to joint counter-nar-
cotics efforts and its coopera-
tive efforts to extradite drug
traffickers to the US.
"Standing up, staffing and
funding its National Drug
Secretariat will greatly assist
the (Bahamian governmen-
t's) efforts to implement its
2004 National Anti-Drug
Plan. The (US) Embassy is
working with the (Bahamian
government) to implement


regulations banning wooden-
hulled sailing freighters from
Bahamian waters, most of
which originate from ports in
Haiti.
"These freighters are
believed to play a key role in
drug and migrant smuggling
through the Bahamas," the
report said.
The INCSR also suggested
that to further enhance its
drug control efforts, the
Bahamas should integrate
Creole speakers into the
Drug Enforcement Unit.
The report further recom-
mended that the Bahamas
should work with Haiti's
national police, whose offi-
cers can be stationed in Great
Inagua in order to develop
information on Haitian drug
traffickers transiting the
Bahamas.
"The (US government)
will urge the (Bahamian gov-
ernment) to further integrate
the RBDF into OPBAT by
placing some of its marine
assets acquired under the
United States Southern Com-
mand's Enduring Friendship
programme in Freeport and
Great Inagua to provide
OPBAT end-game capabili-
ties in these areas," the report
said.


;. )


my jJ HNO









.S.SJO SON

INSURANCAGENTS BROKERS


, ...- , .


/


TENDER NO. 653/08

INVITATION TO TENDER

PAINTING OF THE ADMINISTRATION
BUILDING
EXTERIOR WALLS, PERIMETER
WALLS, RAILS & GATES
BLUE HILL & TUCKER ROADS

You are invited to bid in competition with others for
the painting of the Administration Building, exterior
walls, perimeter walls, rails and gates located Blue
Hill and Tucker Roads.

Tenders shall be submitted by filling out and com-
pleting the Form of Tender. Tenders not submitted
using the Form of Tender shall not be considered
bona fide and may be rejected.

Tenders should show the total price to cover the
whole works from start to finish.

All Tenders shall be collected from and retumed to
the Executive Office of the Bahamas Electricity
Corporation, Blue Hill and Tucker Roads no later
than Thursday, 13th March, 2008 by 4:00 p.m.

Tenders shall be enclosed in a sealed envelope
bearing no mark by which the sender may be identi-
fied, and addressed to:

The General Manager
Bahamas Electricity Corporation
P. O. Box N-7509
Nassau, Bahamas

and marked: Tender No. 653/08

All enquiries and queries concerning this tender
shall be referred to:
Mr. Dudley Smith at telephone No. 302-1214.




CAREER OPPORTUNITY
FINANCIAL CONTROLLER



MINIMUM QUALIFICATIONS

Chartered Accountant (CA) or Certified
Public Accountant (CPA) designations with
a minimum of five years experience working
With an international or global organization.

The successful candidate will manage and
direct the, activities of Management
Information Services (MIS, Internal and
External Reporting), Treasury, Accounts
Payable, Accounts Receivable and Quality
Assurance and Methods and liaise with
External Auditors.

ESSENTIAL FUNCTIONS and DUTIES include
but are not limited to:

Budget preparation; month-end report-
ing, preparation of Balance Sheet, Profit
and Loss Statement and Cash flow
Statement.
Assist with Management monthly reports
which include commentaries on the busi-
ness performances.
Manage relationship with current lenders
and fulfill periodic reporting requirements.
Developing policies and procedures
Compliance with established company
policies and procedures, including reviews
of general ledger reconciliations, bank
reconciliations and an adequate system of
internal controls.
Insurance ( Property and Liability)
Preparation of Project Investment
Proposals
Daily Cash Management (Capital and
Recurrent obligations) and Reporting
Strong communication, analytical and
management skills
Enthusiastic, positive, "can do" entrepre-
neurial spirit.

Interested professionals may apply to
The Personnel Manager
email : nassaujobs@yahoo.com
or : P.O. Box N-3218


MONDAY, MARCH 3, 2008, PAGE 11


THE TRIBUNE


B~z~a~~~:r









LOCAL NEWS-


The Bahamas' classification


changed in US narcotics report


SFROM page one

clause has been dropped.
SOn the production and cultivation of drugs
in the Bahamas, the INCSR states that "although
there are no official estimates of marijuana hec-
tarage in the islands, cultivation of marijuana
iv Jamaicans is a continuing trend."
'-The majority of marijuana seized in 2007
Nqas in plant form grown by Jamaican nationals
o~n remote islands and cays of the Bahamas.
QPBAT (Operation Bahamas, Turks and Caicos
l~!and) and the RBPF cooperated in identifying,
seizing and destroying the marijuana," the report
slates.
The INCSR noted that the Bahamas is a major


transit point for cocaine from South America
bound for both the US and Europe, and for
marijuana from Jamaica.
"Cocaine arrives in the Bahamas via go-fast
boats, small commercial freighters, or small air-
craft from Jamaica, Hispaniola and Venezuela.
According to USG (US government) law
enforcement, sport fishing vessels and pleasure
crafts then transport cocaine from the Bahamas
to Florida, blending into the legitimate vessel
traffic that moves daily between these locations.
"Larger go-fast and sport fishing vessels trans-
port between two to six (metric tonnes of) mar-
ijuana shipments from Jamaica to the Bahamas.
These shipments are then moved to Florida
in the same manner as cocaine," the INCSR
found.


TS A HME OF JOY AND JUILAION!


ffI .^ GtWO ',







ANNUAL NATIONAL

CONVENTION





March 9-16, 2008 East Street Tabernacle
THEME:

"WALK WITH GOD"


GUEST SPEAKERS:
BISHOP DR. BRICE H. THOMPSON
General Presbyter
BISHOP STEVE MADRID
USA Regional Overseer
BISHOP TIMOTHY HARPER
USA Regional Overseer
and SISTER KAREN HARPER
BISHOP CLARENCE WILLIAMS
',. rn c, tlal (.),,-| PC I 1"[ l .:, 31- ri;,l
BISHOP AMOS CARTY, SR.
<. fI' 4 :1wY' VI k
and MINISTER DR. RUBY JONES-CARTY
.1I rIr-,r ,'i in .1lt .in l l :'..i I
p ilrrnm-ir t. will bI tlihlii un-.r'i nii ] Ch'1.i


`lih [hii O w ?.5115 i r isL Bs 'iiiJ, [lII-_ 'i:.UTii
Bji. ,- Ejiicd. i li' .ini.r ; B ,--, B, ilJ ,ii ln,
("riis I1 1. r. Bras, ii:-iid fruom 11, i l hr, 11 CuGod
LOG ON TO:
www.cogopbahamas.org
FOR LIVE WEBCAST EVENING SESSIONS .


Micah 6:8
Monday_, March 1Qth, 2008
National Overseer & !...l, r.,r. r ".-lI J. I.L r hil
ANNUAL ADDRESS LIVE VIA RADIO
BAHAMAS
SunddayMa.rch_.6th, 2008
Annual Parade & Wa'.. I I -,.I ..... I i r- .,r
the Western Esplanra,. I il. r i I i . i
Radio & T.V. 13 cvern,i r.. ,.. .. r I.
Final Message on Convention Theme:
"WALK WITH GOD" .11 I .i .1I i., r., ..I
National Overseer. BI:i.;.. Lir CIL ic,':L 1 .
r*'*l~llli^ ^rf~, ,


(4


/
g/


Bring the family aqd1


e blessed!


I


FROM page one

tember last year to inform him that
the Customs Department had
altered "overnight" an increase in
the Custom's rate on the Monavie
drink from 10 per cent to 45 per
cent.
Claiming that his brother assert-
ed that someone with a compet-
ing product had used a contact
within the department to change
the rate, Mr Laing said that he
immediately opted to remove him-
self from the matter as it involved
a family member.
However, after hanging up the
telephone, Mr Laing said that he
felt that it was not right for him to


MP encourages Laing
deny looking into the claim sim-
ply because it was brought to his
attention by a family member.
As a result the Minister con-
tacted the secretary of revenue and
had the matter looked into. Noting
that a report was given back to
him that the increase was made to
the customs tariff in mid year, Mr
Laing told his fellow parliamen-
tarians that if a rate is to be
changed it must be done during
the budget exercise.
However, the then Comptroller
of Customs John Rolle wrote a let-
ter stressing that the World Cus-
toms Organization's rendering of


Two men murdered
FROM page one
cash. However, before the robbers left, they shot one of the
three men in the back of the head. The culprits then fled the area
in a dark coloured vehicle.
The victim was taken to the Princess Margaret Hospital
where he was listed in serious condition. However, after more
than three hours attempting to save his life, he was pronounced
dead shortly after 9am. The identity of the deceased has yet to
be released by the police.
ASP Walter Evans assured the public that the police have
launched intensive investigations into both of these matters.


the product placed it in the higher
customs bracket. However, this
decision never came through the
Ministry of Finance, Mr Laing said,
and thus the Ministry opted to not
change the rate mid-year.
"I want to assure this House that
JI did not at anytime in anyway seek
to give any advantage to any fam-
ily member or anyone in relation
to any product.
"For me the matter was that
there had been a rate change com-
plaint and that the complaint spoke
to the customs department doing
this change what they called
overnight and I had the matter
looked into," he said.
Noting this response, Mr Smith
questioned if this was the "full
report" that Minister Laing had
promised.
"This opportunity is taken to
publicly ask Minister Laing,
whether his statement in parlia-
ment represents 'the full report'
which he had promised. This
opportunity is provided before my
colleagues, and I begin comment-
ing in detail on the substance of
his statement to Parliament and
he is encouraged to accept it as
another chance to 'come clean',"
Mr Smith said.
Calls for Minister Laing to
respond to Mr Smith claims were
unsuccessful up to press time last
night.


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'PAGE 12, MONDAY, MARCH 3, 2008


THE TRIBUNE


.. ?...~
1..
~?; i.

itd


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c.,







THE TRIBUNE MONDAY, MARCH 3,2008, PAGE 13






BAHAMAS ELECTRICITY CORPORATION
PO. BOX N-7509

TELEPHONE: 302-1000


BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
ALL RISKS (BUILDINGS & CONTENTS, PLANT, MACHINERY
& EQUIPMENT INCLUDING SUB-STATION SITES

TENDER NO. 654/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.
Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-
Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852
Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:
The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas
Attention: Mrs. Delmeta Seymour

Marked: Tender No. 654/08
"GENERAL INSURANCES BUILDINGS, PLANT & MACHINERY"
The Corporation reserves the right to accept or reject any or all tenders.


BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
PUBLIC & EMPLOYER'S LIABILITY, PERSONAL ACCIDENT
AND PRIVATE CAR & COMMERCIAL VEHICLE

TENDER NO. 655/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.
Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-
Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852
Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:
The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas
Attention: Mrs. Delmeta Seymour

Marked: Tender No. 655/08
"GENERAL INSURANCES PUBLIC & EMPLOYER'S AND VEHICLES"
The Corporation reserves the right to accept or reject any or all tenders.


BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
MONEY & FIDELITY

TENDER NO. 656/08

The Bahamas Blectricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.
Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-
Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852
Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:
The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas
Attention: Mrs. Delmeta Seymour

Marked: Tender No. 656/08
"GENERAL INSURANCES MONEY & FIDELITY"
The Corporation reserves the right to accept or reject any or all tenders.


BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
MARINE INSURANCE

TENDER NO. 659/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.
Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-
Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:
The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas
Attention: Mrs. Delmeta Seymour

Marked: Tender No. 659/08
"GENERAL INSURANCES MARINE INSURANCE
The Corporation reserves the right to accept or reject any or all tenders.


BAHAMAS ELECTRICITY CORPORATION
i'1-' -


TENDER FOR THE PROVISION OF GENERAL INSURANCES
PROFESSIONAL INDEMNITY (DIRECTORS & OFFICERS)

TENDER NO. 657/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.
Bidders are required to collect packages from the Administration
Office, Blue Hill & Tucker Roads by contacting:-
Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852
Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:
The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas
Attention: Mrs. Delmeta Seymour

Marked: Tender No. 657/08
"PROFESSIONAL INDEMNITY DIRECTORS & OFFICERS"
The Corporation reserves the right to accept or reject any or all tenders.



BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
ELECTRONIC EQUIPMENT& MOBILE RADIOS

TENDER NO. 658/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.
Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-
Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852
Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:
The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas
Attention: Mrs. Delmeta Seymour

Marked: Tender No. 658/08
"GENERAL INSURANCES ELECTRONIC EQUIPMENT & MOBILE RADIOS
The Corporation reserves the right to accept or reject any or all tenders.














Fearlessly I write as I do feel


* By Sylvia
Laramore-Crawford


HIS past week in the
beautiful month of
February 2008, I made it a point
to stay at home to watch the


Progressive Liberal Party's con-
vention held at the Wyndham
Nassau Hotel.
I felt that Glenys Hanna
Martin would win the Chair-
man's position. I was right. She
did. As far as I know, her repu-
tation is clean.
As the first woman in the


Bahamas to hold that post, she
deserves congratulations.
I was happy to hear that
Mother Cynthia Pratt, former
Deputy Prime Minister of the
Bahamas, won't be running in
the next general elections.
We all know she did not have
an easy road having to hear
some members of her own par-
ty state publicly that men were
better suited for the positions
she held.
Being the strong woman she
is, and a fighter, their mouths
have been pinned; and she rode
the waves to victory, rightly or
wrongly, she did it her way.
Mother Pratt also suffered
family embarrassment; the
question is, who has no't! When
she is done with politics, she can
continue to save souls for the
Lord. We all know, the way this
world is going, He can do with
help.

Indecisive
Honestly speaking, the
speeches did not impress me, I
have heard them all before. If
one listened attentively
throughout, the rhythm never
changed.
The notes were the same.
One could have sensed the bit-
terness in the speeches of peo-
ple having lost the general elec-
tion.
On the final night! Not even
the devil could have got me out
of my house. I had to hear what
the former Prime Minister Per-
ry Gladstone Christie had to
say.
I had not realized how much
the PLP had done! My head
began to hurt; the Progressive
Liberal Party having done so
very much, should have won the
election. What went wrong!
The pain in my head wors-
ened. There has to be an expla-
nation! Then over a cup of tea,
the answers filled my brain. Per-
ry Christie all by himself, lost
the election.
1) He was known as a very
indecisive leader.


r- '1F


2) Some of his Ministers were
completely out of control did
what they liked and seemingly
he was afraid to chastise them
for their actions.
3) Ministers who went con-
trary, should have been fired
and not been allowed to run in
the elections.
They could have run as inde-
pendents. His allowing them to
run for the party, was a poor
example of politics.
It was a big slap in the face
for well-thinking Bahamians,
especially our young people.
His own people were against it,
but just didn't have the back-
bone to tell him to his face that
what he was doing was wrong.
His Christianity background
should have been put into
action for the good of the peo-
ple.


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Calvary Bible Church invites you to our 36th Annual Missions Conference


Proclaimin Release to the Aptives

Freedom from Spiritual & Human Slavery
featuring guest speakers Ooi Chin Aik, Sean Litton and foreign & local missionaries
Sun., March 2nd :ooam & 6:3opm Mon/Wed/Fri -7:oopm Sun., March 9th n:ooam


'EXPRESS YOURSELF & WIN VALUABLE PRIZES'
THE YAMACRAW FREE NATIONAL MOVEMENT





INVITES
ALL YOUNG PERSONS AGES 13 THROUGH 19 YEARS AND
LIVING IN THE CONSTITUENCY
TO ENTER


ON THE FOLLOWING TOPICS:

"Ideas For Effective Solutions In My Bahamaland"
#1 800 words (for ages 13-15 years)
"Describe what you think are the major social problems facing The Bahamas
today (for example: the family, education and religion), and give your
suggestions for addressing them."
1' Prize $500.00
2"d Prize $300.00
3rd Prize $150.00
#2 -1000 words (for ages 16-19 years)
"Briefly describe the major social issues facing young Bahamian adults today
and give attainable solutions to address them."
1 Prize $800.00 or Laptop
2"n Prize $400.00
3rd Prize $200.00
RULES & GUIDELINES
1. Typed work preferred.
2. Size 12 font and double spaced.
3. Ensure pages are numbered and each page has your name, telephone
number & email address if possible.
4. Participants are requested to keep a copy of their entry in their
possession.
5. No pornography or obscenity will be judged.
6. Individuals must have knowledge of subject matter as an interview s ith
the judges will be .part of the process for the two best essays in each
category.
7. Research is encouraged but your work should be in your oi n words as
much as possible.
8. There will be a small entry fee of $5.00 per application/entry. 'You are
encouraged to submit only one essay.
APPLICATIONS CAN BE PICKED UP FROM OUR IIEAI)DQARTERS IN
EASTERN ESTATES OR FROM THE NATIONAL HlEAIDQ'AR IERS ON
MACKEY ST.
WINNING ENTRIES WILL BE PUBLISHED IN TIE NEWSPAI'ERS AND
PRESENTATIONS WILL BE PHOTOGRAPHED.
ALL ENTRANTS WILL RECEIVE CERTIFICATES OF PARTICIPATION
THE DEADLINE FOR ENTRIES IS 31" MARCH 2008
Tel: (242)324-9550
Email: fnm @coralwa ve. corn


A Special Presentation
of the feature film
A AMAZING
GRACE
Tuesday, March 4th
at 7:oopm
"Amazing Grace' Is a sweeping historical epic which tells a story too long forgotten;
the birth of freedom, and brings overdue glory to a true hero."
Jeffrey Lyons, NBC's REEL TAL I1


Crti a Praft


I


PAGE 14, MONDAY, MARCH 3, 2008


THE TRIBUNE








THE TRIBUNE MONDAY, MARCH 3,2008, PAGE 15


Torch Bearers Association


attacks PLP youth


THE Torch Bearers Associa-
tion issued a press statement
yesterday criticising the youth
wing of the Progressive Liberal
Party.
Claiming that the Progressive
Young Liberal was blindly fol-
lowing the same pattern of the
PLP, the Torch Bearers, the
youth wing of the governing
Free National Movement
(FNM) said that they were baf-
fled at how desperately the
youth party was "grasping at
straws."
"The youth group seems to
be following the same pattern of
the PLP with their lack of infor-
mation and even would stretch
the truth or distort information
so that it would not resemble
the truth.
"For the information of the


reasonable Bahamians who are
not gullible to believe every-
thing they read, the Ingraham
government is continuing the
youth programme as it is now,
but are exploring other options
going forward.
"The attempt to cloud the
issue is par for the course. But a
wounded political party would
use anyone to spew out their
rhetoric. Bahamians are intel-
ligent, and everyone knows
(Prime Minister) Hubert Ingra-
ham always has been looking
out for the marginalized and the
downtrodden.
"Mr Ingraham has a record
of looking out for the less for-
tunate and otherwise wayward
youth; after all he came from
the poor and can identify with
people who may have the odds


wing
against them," the statement
read.
The Torch Bearers claimed
that PLP Leader Perry Christie
could not empathize with the
challenges that poor youth are
facing today because he cannot
"identify" with them on this
issue.
Finally, the Association said
that the FNM is not about tear-
ing down, but rather building
the country; and its past record
can speak for itself on this.
"That is why so much empha-
sis is placed on our education
system.
"We in the Torch Bearers
believe that education is the key
to assisting our youth. This is a
preventative method that
equips youth with the tools for
success," the statement said.


FROM page five
munity endeavours.
Also present at the special
awards ceremony was Nan
Palmer, Chief Operating Officer
of Kerzner International, with
Ed Fields, Kerzner Interna-
tional's Senior Vice President
of Public Affairs, who, along
with Sandra Eneas, Senior
Director of Public Relations,
and Eula Hamilton, Adminis-
trative Assistant for Public
Affairs, have driven the Com-
munity Service Awards scheme
since its inception.
Kerzner International's Com-
munity Service Awards are
divided into ten categories: Arts
and Culture; Education; Social
Community Service; Senior Cit-
izens; Civic Community Service;
Youth Related Services; Sport-
ing, Special Health Services,
The Harborside Award and
Kerzner Outstanding Commu-
nity Service Award.
This year's recipients of
Kerzner International's Com-
munity Service Award include:
Arts and Culture


Bahamas Dance Theatre
Bahamas National Youth
Choir
Bahamas National Youth
Orchestra
Education
P.A.C.E. Foundation
Hopedale Centre
S.T.R.A.W. Inc. Centre for
Your Women
Social Community Service
Drug Action Service
Bahamas Association for the
Physically Disabled
Crippled Children's Commit-
tee
Training. Centre for the Dis-
abled
Senor citizens
Persis Rodgers Home for the
Aged
Mary Ingraham Intergenera-
tional Care Centre
Good Samaritan's Senior Cit-
izens Home
Civic Community Service
Wild Horses of Abaco
Preservation Society (WHOA)
The Mission Foundation
The Bahamas National Pride
Association


Youth Related Services


Bahamas Children's Emer-
gency Hostel
The Ranfurly Home for Chil-
dren
Big Harvest Community Sun-
day School
Sporting
Bahamas Amateur Cycling
Federation
The Dolphin Swim Club
Bahamas Lawn Tennis Asso-
ciation
Special Health Services
Bahamas Red Cross Centre
for The Deaf
The Bahamas Down's Syn-
drome Association
Bahamas Infant Stimulation
Programme
REACH (Resources and
Education for Autism and
Related Challenges)
HARBORSIDE
The Bahamas Crisis Centre
Special Olympics
Kerzner. Outstanding Com-
munith Service Award
The Royal Bahamas Police
Dependants Trust


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tt,7Silair, o en tl


MONDAY, MARCH 3, 2008, PAGE 15


THE TRIBUNE


DrealV








PAGE 16, MONDAY, MARCH 3, 2008


THE TRIBUNE


Chavez sends tanks, troops to border


Venezuela leader orders closure of government's embassy in Bogota


Front row (from left) Ryan Austin, Steine Campbell, Terence Bethel, Cherry Charton, Connie Malconaao (LCerirneleoa instruc-
tor), James Clarke, Natascha Morris, Steve Sobeich. Back row (from left) Edwin Ferguson, Daron Malcolm, Nicole Andrews,
Elvia Storr, Lester Stuart.
"Congratulations to our most recent PMP class participants on having completed the
course requirements for the internationally accredited PMP certification"
Devon A. Leslie (Director of Education, Synergy Bahamas)

Project Management Professional (PMP) _
The most valued credential in project management worldwide, the PMP
certification assures employers that you are committed to project
management and demonstrates a solid foundation of experience in
effectively managing projects.

With over 40 internationally recognized certification programs to choose
from, let Synergy Bahamas be your first choice for your technology and business education. For more
information on our courses visit our website:

www.synergybahamas.net


1 CARACAS, Venezuela
Warning that Colombia could
spark a war, Venezuelan Presi-
dent Hugo Chavez sent tanks
and thousands of troops to the
countries' border Sunday and
ordered his government's
embassy in Bogota closed,
according to the Associated
Press.
The leftist leader warned
Colombia's U.S.-allied govern-
ment that Venezuela will not
permit acts like Saturday's
killing of top rebel leader Raul
Reyes and 16 other Revolu-
tionary Armed Forces of
Colombia guerrillas at a camp
across the border in Ecuador.
"Mr. Defense Minister, move
10 battalions to the border with
Colombia for me, immediately
- tank battalions, deploy the
air force," Chavez said during
his weekly TV and radio pro-
gram. "We don't want war, but
we aren't going to permit the
U.S. empire, which is the master
(of Colombia) ... to come to
divide us."
He ordered the Venezuelan
Embassy in Bogota closed and
said all embassy personnel
would be withdrawn. It pushes
already tense relations between
the South American neighbors
to their lowest point yet, with
potentially far-reach effects on
billions of dollars in cross-bor-
der trade.
Though Chavez didn't say
how many troops he was send-
ing, a Venezuelan battalion tra-
ditionally has some 600 soldiers
- meaning some 6,000 could
be headed to the border.
Chavez called the Colombian
government "a terrorist state"
as he sided with the leftist rebels
it has battled for decades, saying
its military "invaded Ecuador,
flagrantly violated Ecuador's
sovereignty."


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1089 10.6988c 10.8217c
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I0. 10.18MCe
10.3676,;
e 9.9140r'
9 19.70730

8

7


I I I I I I I I I I I


JAN FEB MAR APR MAY JUN JUL


AUG SEP


OCT NOV DEC


LUIS EL U PERE


Neither Colombia's foreign
minister nor the country's mili-
tary leadership would comment
on Chavez's latest move when
pressed by reporters for com-
ment Sunday as they left a
funeral service in Bogota for a
Colombian soldier killed in Sat-
urday's raid. Speaking in Texas,
U.S. National Security Council
spokesman Gordon Johndroe
said officials were monitoring
the situation.
"This is an odd reaction by
Venezuela to Colombia's efforts
against the FARC, a terrorist
organization that continues to
hold Colombians, Americans
and others hostage," Johndroe
said, Chavez said he had just
spoken to Ecuadorean Presi-
dent Rafael Correa and that
Ecuador was also sending
troops to its border with Colom-
bia. Chavez said his Ecuadore-
an ally told him that Uribe had
lied and that the rebels were
killed while asleep "in their
pajamas."
"This is something very seri-
ous. This could be the start of a
war in South America," Chavez
said. He warned Colombian
President Alvaro Uribe: "If it
occurs to you to do this in
Venezuela, President Uribe, I'll
send some Sukhois" Russ-
ian warplanes recently bought
by Venezuela.
He called Uribe "a criminal"
accusing him of being a "lap-
dog" of Washington saying
"Dracula's fangs (are) are cov-
ered in blood."
The slaying of Reyes and 16
other guerrillas, Chavez said,
"wasn't any combat. It was a
cowardly murder, all of it cold-
ly calculated."
"We pay tribute to a true rev-
olutionary, who was Raul
Reyes," Chavez said, recalling
that he had met rebel in Brazil
in 1995 and calling him a "good
revolutionary."
"The Colombian government
has become the Israel of Latin


Yodr electricity bill is made
up the basic rate, which is
cozntant and has not
changed since October2003,
aneueIsurare which
is bised on the price of
petW um in the international
maret and is calculated
mou na usng afedo formula.
k


Arierica," an agitated Chavez
said, mentioning another coun-
try that he has criticized for its
military strikes. "We aren't
going to permit Colombia to
become the Israel of these
lands.... Uribe, we aren't going
to permit you."
'tSomeday Colombia will be
freed from the hand of the
(U S.) empire," Chavez said.
"We have to liberate Colom-
bia,' he added, saying Colom-
bia's people will eventually do
away with its government.
Thavez maintains warm rela-
tions with the Colombia's
largest guerrilla group, the Rev-
olutionary Armed Forces of
Colombia, or FARC, and has
sought to'play a role as media'-
toi in the conflict despite his
growing conflict with Colombi-
a'd government.
Colombia and Venezuela
have been locked in a diplo-
matic crisis since November,
wlen Uribe ended Chavez's
official role negotiating a pro-
posed hostages-for-prisoners
swap. Nevertheless, the FARC
freed four hostages to Venezue-
lan officials last week, and they
were reunited with their fami-
lie in Caracas. It was the sec-
ond unilateral release by the
F4RC this year.
Chavez has recently angered
Uribe by urging world leaders
to classify the leftist rebels as
"insurgents" rather than "ter-
rorists."
The FARC has proposed
trading some 40 remaining high-
valie captives, including former
Colombian presidential candi-
date Ingrid Betancourt and
three U.S. defense contractors,
for hundreds of imprisoned
guerrillas. In Ecuador, army
Geh, Fabian Narvaez told Th
Associated Press that soldier
hal found the bodies of 1.
rebels and that soldiers plan ne
to Hand the bodies over to
Eciadorean officials, who will
coriduct forensic exams.

Senior commanded

of Colombia's "

guerrillas killed 4
* BOGOTA, Colombia
Troops killed a senior com-
mander of Colombia's largest
rebel army in an air-and-groun4
raid Saturday, as the L S.3
backed military dealt a ,tunnin&
setback to the nation's leftis,
insurgency.
Raul Reyes was the official
spokesman for the Re\c lutlonf
ary Armed Forces of Colombia
and.considered a possible suc-
cessor to the leftist group's No,
1 spot. The United States had
offered a $5 million reward for
his capture.
RFyes, 59, died in combat and
air strikes in neighboring
Ecuador, Defense Ministef
Juan Manuel Santos told a news
conference.
"This is the strongest blow
dealt to the terrorist group to
date," Santos said.
There was no immediate
reaction from the FARC.
Santos said*the military
tracked Reyes' location through
an informant. The air force
bombed a camp on Colombia's
side of the border where he was
thought be, but as ground
troops moved in, they came
under attack from another
camp across the frontier. Reyes
was, found dead in the base in
Ecuador.


1


--











T THE TRIBUNE '



Eusi ness:1

MONDAY, MARCH 3, 2008






Hutchison in Arawak




Cay port plan offer


* By NEIL HARTNELL
Tribune Business Editor
Hutchison
SWhampoa is
the third party
to show interest
in financing and
constructing
new commer-
cial. shipping
facilities for
Nassau at
Arawak Cay,
The Tribune can reveal, with
indications that such a port
would cost $175 million to con-
struct and be operational with-
in six months.
Dr Earl Deveaux, minister


* Freeport Container Port owner third to express interest to government
* Minister says initial indications are that Arawak Cay option to cost $175m
and could be operational within six months of construction start
* Full build-out to take 18 months, with companies indicating 10 years at Arawak
Cay enough time to see investment return and consider other options
* Harbour dredging to provide fill for Woodes Rogers Wharf, Arawak Cay extensions


of works and transport, con-
firmed to The Tribune: "We've
had expressions of interest
from three parties the
Hutchison Whampoa group,
Mediterranean Shipping Com-
pany, and we also got an
expression of interest from
Tropical Shipping, represent-


ing the Nassau-based shippers.
"The indications are that
either of these three partici-
pants are prepared to build
and manage a container port,
and provide an opportunity for
private sector participation."
Private sector participation,
Dr Deveaux explained, meant


that all three proposals would
"make available an opportu-
nity for shares to be bought by
the public in the company that
owns the [Arawak Cay] port".
Any company established to

SEE page 4B


Government eyes outsourcing of car inspections


* By NEIL HARTNELL
Tribune Business Editor
THE Government is explor-
ing whether to outsource the
annual vehicle licensing and
inspection process to estab-
lished car dealerships, part of a
wider objective to make the
whole process and that of using
the roads "more user-friend-
ly".
Dr Earl Deveaux, minister
of works"a'd-ttran'sport, told
The Tribune that his ministry


Move aims to make process 'more user-friendly'


and the Road Traffic Depart-
ment were "exploring a num-
ber of options", some of which
would require amendments to
the Road Traffic Act and its
accompanying regulations.
One amendment being con-
sidered, Dr Deveaux revealed,
was a proposal to outsource
the vehicle licensing and
inspection process-to major car
dealerships and repair shops,


such as Automotive and Indus-
trial Distributors (AID), Nas-
sau Motor Company, Quality
Auto and Friendly Ford.
This way, Bahamian compa-
nies and residents could "use
any of the established car deal-
erships as a place where you
could have your vehicle
inspected", Dr Deveaux said.
- -He explained that this n would
ease the burden imposed on


the Road Traffic Department
every month, especially in New
Providence, to licence and
inspect all vehicle at one of its
two locations.
Creating multiple locations
for the licensing and inspec-
tion of vehicles would also
improve efficiency in reducing
the volume of traffic at
Thompson Boulevard and
West Bay Street, enabling

SEE page 8B


Bahamas must 'nail


down rules of game'

* By NEIL HARTNELL Trade chair says this
Tribune Business Editor most prudent course
----------most prudent course


THE Trade Commission is
trying to wrap-up meetings
with all Bahamian services
industries on the Economic
Partnership Agreement
(EPA) with the European
Union by "the end of March",
its chairman telling The Tri-
bune it was "prudent to try
and nail down the rules of the
game" on this nation's global
trade relationships.


* Commission aims to
finish consultations
on EPA by March-end,
with services offer set
for mid-April
* Caribbean Basin Initiative
focus to start in June


John Delaney, who is also managing partner at law firm Hig-
gs & Johnson, said the Bahamas had until "some point in
April, probably mid-April" to submit a commitment schedule
on the 116, or 75 per cent of 155, services sectors that it will lib-
eralise to some degree for the EPA.
The Trade Commission chairman said the organisation
had already met with the insurance industry and Associa-
tion of International Banks and Trust Companies (AIBT)
on the EPA, and were hoping to meet with other services
industry organizations such as the Clearing Banks Association,
Bahamas Bar Association and the Bahamas Institute of Char-
tered Accountants (BICA).
"We're trying to meet with all the sectors, and hope to do
so in the next four weeks. The goal is by the end of March,"
Mr Delaney said.
"As far as the Trade Commission is concerned, it is impor-
tant to give everybody an opportunity to understand what the
EPA is all about, and to get their comments. We see that as
part of our remit, so we're going to do the best we can in the
very limited time in which we have to work."
The EPA will be the first rules-based, two-way reciprocal
international trade regime the Bahamas has ever entered.
Many believe that it will bring opportunities for existing and
potential Bahamian exporters, as well as challenges for certain
aspects of this nation's economy, particularly those sectors that
have been protected from global competition.
Mr Delaney said: "Opportunities and challenges are pret-
ty much the way life is. We have to understand the world has
not remained static on matters of trade. Ever since the mid-
1990s, things have become more and more dynamic on mat-
ters pertaining to trade."
He added that the e 6
Bahamas was the only nation SEEipage 6B


Sir Jack: I'll urge court end

if St Georges sell to Fleming


& I Narsou


* Exuma eAbaco *Freeport


* Cayman


* By NEIL HARTNELL
Tribune Business Editor
SIR Jack Hayward has
offered to use his influence
with key companies in the
Grand Bahama Port Authori-
ty (GBPA) structure and per-
suade them to drop litigation
over his claim to 75 per cent
ownership, provided that the
late Edward St George's estate
agrees to sell its shares to
Fleming Family & Partners.
The offer is contained in a
February 21, 2008, letter from
Charles Mackay, Sir Jack's
attorney, to the estate's attor-


ney, Fred Smith. The letter is a
reply to the St George estate's
'open offer' to the Hayward
family trusts, their trustees and
all the defendants to settle the
deeply damaging legal batter
over the GBPA's ownership,
which has contributed to the
stalled.state of Freeport's econ-
omy.
In his letter, Mr Mackay says
on Sir Jack's behalf that his
client's claim to 75 per cent
GBPA ownership,, which
Supreme Court Justice Anita
Allen ruled against, finding
that the split with the St
George estate was 50/50, ought
to be re-tried on the grounds
that Sir Jack was not there at
the original trial due to ill-
health.
Sir Jack, along with the two
key companies in the GBPA
ownership structure, Fiduciary
Management Services (FMS)
and Intercontinental Diversi-
fied Corporation (IDC), have
all filed appeals against Justice
Allen's ruling with the Court of
Appeal.
Yet Mr Mackay added in his
letter: "Our client would, how-
ever, press the companies of
which he is a director to com-
promise [the ownership action]
(and all appeals therefrom) if
your clients agree to sell their
shareholding to Fleming Fam-
ily & Partners.
"Our client, as director, feels
that this is the best option for
the companies and Freeport
going forward; investment, and
not the paying out of divi-
dends, is what Freeport needs
at this time."

SEE page 8B


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* By Royal Fidelity Capital
Markets
THE trading week started
off on a slow note, but picked
up some momentum towards
the end of last week with a
total of 81,300 shares chang-
ing hands. Ten of the 19 listed


companies traded during the
week, three advancing, three
declining and four remaining
unchanged.
Commonwealth Bank
(CBL) was both the volume
and loss leader in the week,
with 28,940 shares trading. Its
share price declined by $0.54 to


close the week at $6.96.
Leading the advance in the
week was Cable Bahamas
(CAB), with its share price
increasing by $0.90 on a vol-
ume of 15,200 shares traded.
It closed at a new 52-week high
of $13.60. Other issuers expe-
riencing new 52-week highs in


the week were Abaco Markets
(AML) and FamGuard Cor-
poration (FAM), rising by
$0.17 and $0.06 to close at
$1.90 and $7.85 respectively.
The FINDEX declined by
9.23 points or 1 per cent week-
over-week to close at 913.43.
Year-to-date, the FINDEX is
down by 4.05 per cent.
COMPANY NEWS
Earnings Releases:
Bank of the Bahamas
(BOB) released financial
results for the quarter ended
December 31, 2007, showing
net income of $3.1 million for
the quarter compared to $2.4
million in the comparable
quarter in 2006. This was an
increase of $768,000 or 32 per
cent.
Net interest income (after
provisions) increased by $1.4
million quarter-over-quarter
(QoQ), totalling $7.1 million.
Non-interest expenses
increased slightly by $288,000
QoQ, contributing to the pos-
itive results.
For the six months ended
December 31, 2007, net
income was up by $1.1 million
or 21 per cent from the amount
reported in the prior year, pri-
marily due to higher interest
margins.
BOB's total assets increased
by $18.4 million from the
amount reported at year-end,
totalling $676.6 million. The
bank's management indicated
it was steadily moving towards
its targeted milestone of $1 bil-
lion in total assets.
Total investments, loans and
advances to customers (net) of
$528.2 million increased by
$13.4 million during the six-
month period. Likewise, total
liabilities of $583.7 million also
increased by $21.2 million,
partly due to higher customer


Date: March 10-26, 2008 (excluding 14t)
Venue: Auditorium, Bahamas Academy
High School


Time: 6:00 -10:00 p.m.
Location: Wulff Road (opposite Bamboo
Chicken Shack)


Application Form


Name:


Address:_____


Tel:


Agerange: D under 15


P. O. Box:


Email:


Fax:


o 61- 25 D 26 40 o41-60 n 61- 70 n 71 and over


Employment Status: D Employed 1 Government o Private 0 Self-employed
0 Unemployed

ADMINISTRATIVE FEE: $$100.00 (EXCLUDING MATERIALS)
t****************
Contact:
LaKeisha Thompson or Sharae Collie
HANDICRAFT DEVELOPMENTIMARKETING DEPARTMENTS B A I C
Tel: 322-3740-3 Fax: 322-2123/328-6542


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LLOYD'S
p<'Ymv^*y~v*.?y^^ UTfIMMOIrafliB. i IM


STAR


CALL
TODAY Y


Tamara Boyd


Mark Reynolds


AML
BBL
BOB
BPF
BSL
BWL
CAB
CBL
CHL
CIB
CWCB
DHS
FAM
FBB
FCC
FCL
FIN
ICD
JSJ
PRE


CHANGE VOLUME


$0.17
$-
$-
$-
$-
$-


$-0.09
$-0.29
$-
$0.06
$-
$-
$-
$-0.04
$-
$
$-


12,670
0
0
0
0
500
15,200
28,940
184
5,170
0
0
1,000
0
0
13,000
4,500
0
136
0


YTD PRICE
CHANGE
14.46%
16.47%
0.00%
0.00%
0.00%
0.00%
12.86%
-17.44%
-0.32%
-4.79%
-15.48%
4.26%
9.03%
-1.89%
-3.90%
-0.58%
0.08%
0.00%
11.82%
0.00%


The Bahamian Stock Market

FINDEX 913.43 YTD (4.05%)


BISX CLOSING
SYMBOL PRICE


$1.90
$0.99
$9.61
$11.80
$14.60
$3.66
$13.60
$6.96
$3.14
$13.99
$4.26
$2.45
$7.85
$2.60
$0.74
$5.15
$13.00
$7.25
$12.30
$10.00


DIVIDEND/AGM NOTES:
BBL has declared a special dividend of $0.02 per share,
with $0.01 already paid on December 31, 2007, and $0.01
being payable on March 31, 2008, to all shareholders of record
date December 21, 2007.
CBL has declared a special dividend of $0.06 per share,
payable on April 30, 2008, to all shareholders of record date
April 15,2008.
CWCB has declared a dividend of $0.013 per share,
payable on May 7, 2008, to all shareholders of record date
March 31, 2008.
FIN has declared a dividend of $0.13 per share, payable on
March 13, 2008, to all shareholders of record date March 5,
2008. FIN will hold its Annual General Meeting on March 13,
2008,.at 6.30pm at the British Colonial Hilton, Bay Street, Nas-
sau, Bahamas.


deposits, which increased by
$8.4 million in the period.
BOB's net cash flows,
despite being down in com-
parison to the prior year,
totalled a positive $4 million
for the period.
INVESTOR CORNER
Budgeting
Budgeting refers to the
process of matching income
against expenses, with the
objective of having the former
cover the latter.
While the idea of budgeting
may same tedious, it is an
important tool for financial
planning and ensuring that
funds are being used in the way
that one wants it to be used.
The process consists of three
general steps identify what's
coming in, identify what's
going out and devising a plan
to track inflows and outflows.
Some key things to bear in
mind when budgeting include:


1) Watching for leakages or
unplanned spending, such as
ATM drawings that seem to
disappear without explanation.
2) Don't spend more than
you earn, or like the common
adage advises: "Don't hang
your basket higher than you
could reach."
3) Know the difference
between luxuries and necessi-
ties, making an attempt to lim-
it the former as much as possi-
ble.
4) As your income rises, try
not to let expenses increase at
the same rate. Put any addi-
tional income aside for savings
and investing.
5) Build a savings plan into
your budget.
Consistent and effective
budgeting will put one on track
to a sound financial future.


.




Bahamas Agricultural & Industrial Corporation

Presents
Its
NEW PROVIDENCE I
COCONUT CRAFT TRAINING PROGRAM
-/ \,



, ...


Share

your

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from people who are
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award.
If so, call us on 322-1986
and share your story.


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


NOTICE
THE QUIETING TITLES ACT, 1959 (Chapter 393)
The Petition of Simon E B. Rodehn of Harrold
Road in the Western District of the Island of New
Providence one of the Islands of the Commonwealth
of The Bahamas in respect of:

ALL THOSE THREE pieces parcels or tracts of
land containing an area by survey of 7.712 acres,
8.229 acres and 1.704 acres respectively situate
South of Harrold Road in the Western District of
the Island of New Providence one of the Islands
of the Commonwealth of The Bahamas

The Petitioner, Simon F. B. Rodehn, claims to be the owner
of the fee simple estate in possession of those pieces parcels
or tracts of land hereinbefore described and the Petitioner
has made application to the Supreme Court of the
Commonwealth of The Bahamas under Section 3 of The
Quieting Titles Act, 1959, to have his title to the said land
investigated and the nature and extent thereof determined
and declared in a Certificate of Title to be granted by the
Court in accordance with the provisions of the said Act.
Copies of the filed Plans may be inspected during
normal office hours at:

(a) The Registry of the Supreme Court, Ansbacher House,
East Street North, Nassau, Bahamas
(b) The Chambers of Michael W. Horton, Arianna House,
Dunmore Lane, Nassau, Bahamas.

NOTICE is hereby given that any person or persons having
Dower or right to Dower or any Adverse Claim not
recognized in the Petition shall within Thirty (30) days after
the appearance of the Notice herein file in the Registry of
the Supreme Court in the City of Nassau aforesaid and serve
on the Petitioner or the undersigned a Statement of Claim
in the prescribed form verified by an Affidavit to be filed
therewith. Failure of any such person or persons to file and
serve a Statement of Claim and the requisite documents on
or before the 30th day after the last day on which this Notice
appears in the newspapers will operate as a bar to such
claim.
MICHAEL W. HORTON
Attorney for the Petitioner
Chambers,
Arianna House,
Dunmore Lane,
Nassau, Bahamas


PAGE 2B, MONDAY, MARCH 3, 2008


2003/CLE/qui/00931


Cyril Peet


THE TRIBUNE


General



393-5529







'9


Bahamian law already


meets US beneficial


owner registry demand


* By NEIL HARTNELL
Tribune Business Editor
BAHAMIAN legislation
already requires that the ben-
eficial owners of entities
licensed to do financial services
business from this jurisdiction
are known to the relevant reg-
ulators, the minister of state
for finance told The Tribune,
thus meeting US demands.
The US State Department,
in its International Narcotics
Control Strategy Report
released on Friday, called on
the Bahamas to "ensure that
there is a registry of the bene-
ficial owners of all entities
licensed in its offshore financial
centre".
To many in the Bahamian
financial services industry, this
demand is likely to seem eeri-
ly similar to requests several
years ago from the Organisa-
tion for Economic Co-Opera-
tion and Development
(OECD) that this nation keep
a single list of the beneficial
owners of all entities and cor-
porate vehicles domiciled in
this nation.
Apart from adding to the
costs of such an undertaking,
the OECD initiative also con-
fused trust beneficiaries and
settlers as being beneficial
owners, when in fact the assets
are under the control of
trustees.
Had the Bahamas consented
to OECD demands, it is likely
that its private wealth man-
agement reputation would
have taken a serious battering
from which it may never have
recovered, which is why US
demands are likely to be resist-
ed.
Zhivargo Laing, minister of,
statefor finance, said.the.
Bahamian financial regulato-


ry system, while not maintain-
ing the single list of beneficial
owners demanded by the State
Department, still met interna-
tional standards as all super-
visory bodies held or were
able to get access to benefi-
cial ownership information.
Speaking to The Tribune
from Miami, he said: "I'm not
quite certain what they would
mean by a registry of beneficial
owners, but I know the regu-
lators especially in the finan-
cial services sector require
for the identities of beneficial
owners and directors to be
known to them. That is some-
thing in place today.
"It is not possible to make
an application for an entity to'
be licensed to do business in
the private sector without the
regulators having the required
information as to who the ben-
eficial owners of that entity are
and who the directors are.
"I don't know if there is
some specific facility in terms
of a registry that they are look-
ing for, but if the aim is to
know who the customers of
our financial services sector
are, the wherewithal exists in
our present set-up."
The US State Department
also urged the Bahamas to
adopt its National Strategy on
the Prevention of Money


Laundering as a way to boost
its anti-money laundering and
terror financing defences.
In response, Mr Laing said
he could not gave a precise
date on when the Strategy
would be implemented, but
said the Financial Intelligence
Unit (FIU) had been "very
focused" and was "working
diligently" to cause it to hap-
pen. Consultation had already
taken place with a wide variety
of financial industry associa-
tions and professionals.
The US State Department
added: "The Bahamas should
also provide adequate
resources to its law enforce-
ment, prosecutorial and judi-
cial entities to ensure that
investigations and prosecutions
are satisfactorily completed
and requests for international
cooperation are efficiently
processed. The Government
of the Bahamas should become
a party to the UN Convention
against Transnational Organ-
ised Crime, the UN Conven-
tion against Corruption, and
the Inter-American Conven-
tion against Terrorism."
The US said the Bahamas'
strengthened anti-money laun-
dering laws had made it diffi-
cult for drug traffickers to laun-
der large deposits through the
conventional banking system,
forcing them to turn to securi-
ty vaults in safe houses, real
estate, large vehicles and jew-
ellery.
In 2006, some eight asset
restraints happened as a result
of suspicious transactions
reports (STRs), the US State
Department reported, finding
that one resulted in the
Supreme Court freezing some
$2 million. And some $7.8 mil-
lion in cash or other assets
were seized in or frozen.


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Hutchison in Arawak


Cay


port


plan


offer


FROM page 1B

own and manage an Arawak
Cay port would earn income
from leasing space to each of
the existing shipping compa-
nies, in addition to a through-
put fee tied to container vol-
ume, dockage and wharfage
fees. This would make it com-
mercially viable as an entity.
Dr Deveaux's comments


appear to indicate that the
Government is close to decid-
ing on Arawak Cay as the pre-
ferred location for relocating
downtown Bay Street's com-
mercial shipping facilities to, a
consensus having been reached
that this is a key first step in
revitalizing the city of Nassau.
While the Government has
received only a written pro-
posal from Tropical Shipping
to date, Dr Deveaux saying


that Hutchison Whampoa and
MSC were not expected to
submit theirs "for a few weeks
yet", a major factor for the
Government in deciding upon
the port relocation will be that
it does not have to fund it with
any taxpayer dollars.
Dr Deveaux confirmed this,
telling The Tribune: "The only
decision we have taken is that
we would like the shipping
containers removed from
downtown by the end of the
year.
"We have seen Arawak Cay,
and had expressions of interest
from three parties that Arawak
Cay is a feasible alternative
over the next 10 years. They're
prepared to fund it. All they've
asked of government is for an
opportunity to review the stud-
ies and for us to provide 50
acres of land on Gladstone
Road to hold the containers."
While construction work on
an Arawak Cay port would
take an estimated 18 months
to complete from start to fin-
ish, Dr Deveaux said all three
parties had indicated the facil-
ity could be operational within
six months of building work
beginning.
"They [the shipping compa-
nies] indicated they could be
open within six months, but
that total completion time
would be 18 months," Dr
Deveaux said of construction.
"They've all told us they'd


CHINA GOVERNMENT SCHOLARSHIP
ANNOUNCEMENT FOR ACADEMIC YEAR 2008

The Ministry of Foreign Affairs announces that applications for one Chinese
Government Scholarship, for the 2009 academic year are now being accepted.

Application Requirements

The following items should be submitted to the Ministry of Foreign Affairs in
Triplicate for processing:-

1. Original Application Form for Foreign Students Scholarship
2. Physical Examination Record for Foreigners
3. Two (2) letters of recommendation from professors
4. Copy of Diploma of most advanced studies
5. Copy of academic record, report/transcript

N.B. Applicants must qualify for admission in Chinese University before award
is granted. Preferences of Chinese University must be included on application
form. Check website: http://www.csc.edu.cn or directory at the Ministry of Foreign
Affairs.

Applicants must provide proof of qualifications by providing the original certificate
for verification by the Ministry of Foreign Affairs.

Benefits:

1. Full Scholarship including tuition, room and board, healthcare, textbooks and
living expenses.

2. One year Chinese Language Proficiency Studies (Beijing University of Language
and Chinese Culture).

Deadline for submission of applications is 14th March 2007. Applications are
available at the Technical Assistance Division, Ministry of Foreign Affairs,
Goodman's Bay Cooperate Centre. Additional information can be obtained by
contacting the Ministry of Foreign Affairs at telephone number 356-5956/9 or
by e-mail to technicalassistanice@mfabahamas.org


like to see something for a
minimum of 10 years. It would
give them ample time for a
return on investment and to
look at long-term options -
remaining there or going else-
where. This is the best possible
short-run solution for all con-
cerned.
"They can have it done,
completed and operational in a
very short time."
When it came to the Arawak
Cay facility's costs, Dr
Deveaux told The Tribune:
"The preliminary numbers
came in at around $175 mil-
lion just to construct, which
compares to the $400 million
[for the south-west port pro-
posed by the former Christie
administration], other things
being equal. Both numbers are
subject to change."
The report on the south-west
port relocation, produced by
Dutch consultants Ecorys-
Lievense, pegged construction
costs at about $235 million, but
Dr Deveaux said alternative
locations to Arawak Cay
would "require considerable
bulkheading or inland dredg-
ing".
The minister said any
Arawak Cay port would have
to account for the specific
requirements of different ship-
ping agencies. For instance,
some ships were front-loaded
while others were stern loaded,
while space had to be provided
for storage, break-bulk facili-
ties, and the Customs Depart-
ment.
Dr Deveaux said Betty K
Agencies had their own dedi-






ISG
-,es


cated warehouse and dealt
with a significant amount of
break-bulk cargo, while many
ships at Seaboard Marine
berthed perpendicular to the
dock.
As a result, Seaboard
Marine's clients would have to
be accommodated by a dock
going eastwards from Arawak
Cay, or otherwise they would
take up too much space in Nas-
sau Harbour and block other
shipping.
The Arawak Cay proposal
and container shipping facili-
ties removal from Bay Street
was tied into the dredging of
Nassau Harbour, which is
intended to enable both it and
Prince George's Wharf to
accommodate Royal
Caribbean Cruise Lines and
Norwegian Cruise Lines' Free-
dom vessel class by summer
2009. These are the world's
largest cruise ships.
The minister said the Gov-
ernment hoped that dredging
would begin by September
2008, and possibly earlier, once
the consultants/project man-
agers had defined the scope of
works and completed environ-
mental impact studies on the
effect the project would have
on both Nassau harbour and
the cruise ship turning basin.
The materials and spill
extracted by the dredging, Dr
Deveaux said, would be used
for a series of land reclama-
tion and extension projects the
Government had targeted.
Chief among these was the
extension of Woodes Rogers
Wharf eastwards as far as Vic-
toria and Elizabeth Avenues,
and possibly as far as Arm-
strong Street, depending on
the volume of material
dredged.
While Woodes. Rogers
Wharf was the priority, the
Government viewing its expan-
sion as vital to enhancing the
waterfront and harbourfront,
Dr Deveaux said: "We would
also like to see Arawak Cay
extended westward, and some
additional remedial works
could be done at Fish Fry to
create more additional outdoor


activities."
He added that the Govern-
ment was also reviewing the
enabling regulations to the
Road Traffic Act to ensure
that the 16-wheeler freight and
other heavy goods vehicles
only moved goods from the
Bay Street shipping facilities
during the early morning
hours.
The Tribune previously
revealed that both MSC and
Tropical Shipping, on behalf
of the established Nassau-
based shipping companies, had
made proposals to the Gov-
ernment over the Arawak Cay
port.
Tropical's submission was a
counterweight to the oral offer
from MSC, as rival shipping
companies believe that the lat-
ter's newly-won permission to
ship direct from Freeport to
Nassau will enable it to
squeeze out rival Bahamian-
owned freight shippers and
impose downward pressure on
shipping rates. MSC's rivals in
the shipping business fear its
competitive threat, especially
if it enjoyed substantial con-
trol over the Arawak Cay port.
Similar concerns may also
be harboured about any
involvement by Hutchison
Whampoa. The Hong Kong-
headquartered conglomerate
is already majority owner of
Freeport Container Port, in
which it holds a 60 per cent
stake, and allowing it to go
ahead with Arawak Cay would
give it control over the
Bahamas' two principal ports.
MSC is its equity partner in
the Freeport Container Port,
holding about 40 per cent.
In addition, there may be
fears about how Washington
would react to another Chi-
nese-controlled port of its east-
ern seaboard. The US is
already concerned about
Hutchison's substantial pres-
ence in Freeport, where it has
invested $1 billion in equity
and is the Grand Bahama Port
Authority's (GBPA) main
partner, especially if the com-
pany ever bid for and won -
the GBPA.


your

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


Travel Agency Manager-




Qualifications:
Five years experience in Travel Agency
Management
* Experience organizing team work
* Analytical skills for Direction.
* Fully trained in Tour Tek Computer System
* Strong Accounting knowledge.
* Fluent Spanish is an asset.
* Wide Knowledge of Cuban Tourist Products
* Only serious applicant will be considered.

Send the resume to P.O.Box: EE-16319 before
March 15,2008.
Only the successful applicants will be contacted.


EYE






DR. KEN KNOWLES & BAHAMAS OPTICAL
PATIENTS
PLEASE NOTE ALL MEDICAL RECORDS ARE BEING RELOCATED TO:

SAM B. MIKHAEL M.oFRCSC
OPHTHALMOLOGIST
EYE WORLD
SOLDIER ROAD
NEXT TO NEW LOWE'S PHARMACY
393-8222
THE OFFICES OF K.W. KNOWLES M.D. ARE NOW CLOSED PERMANENTLY


LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

GENCON SERVICES LTD.

Notice is hereby given that in accordance with Section 138 (8)
of the International Business Companies Act, No.45 of 2000,
the Dissolution of GENCON SERVICES LTD. (the' "Com-
pany") has been completed, a Certificate of Dissolution has
been issued and the Company has therefore been struck off the
Register. The date of completion of the dissolution was the 4th
Day of February, 2008.




ALINA MOXY
manxsy
Lpoaom""


INVESTMENT OPPORTUNITY



Three 2 Storey townhouses about 80% completed which require some repairs. Each unit comprises
676 sq.ft. on the upper floor and 676 sq.ft. on the lower floor (total floor area 1,352 sq.ft. per unit)
and consists of 3 Bedrooms 2 Baths, Living, Dining and Kitchen.
Driveway & Walkways are improved with 12 x 12 Spanish Type Tiles, 1,775 Sq.Ft. Swimming
Pool and Jacuzzi which are 85% completed.
The Buildings are situated on Lot #17376 comprising 10,000 sq.ft. located in
Bahama Sound of Exuma Section 18, Exuma, Bahamas



SThe units are being sold collectively.
For conditions of the sale and any other
information, please contact:
The Commercial Credit Collection Unit
at: 356-1685 or 356-1608
a Nassau, Bahamas
Interested persons should submit offers
in writing addressed to:
,l The Commercial Credit Collection Unit,
P.O. Box N-7518, Nassau, Bahamas
y,- Serious enquiries only


Amigaub


--I


PAGE 4B, MONDAY, MARCH 3, 2008


I


11


THE TRIBUNE








THETRBUE OBUSIMACH3ES0S AGIS


BEC faces $1lm


loss for 2007


-2008


Exceeding Quality Customer ServiceTM is a
training program that focuses on developing
management and staff customer- oriented
skills that are critical when it comes to
acquiring and retaining customers.
One-on -One & Group Sessions Available!
Log on: www.markturnquestconsulting.com


By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE Bahamas Electricity
: Corporation (BEC) lost $5.1
I million during the first three
months of its 2007-2008 fiscal
Year, and is projected to lose
S$11 million by the time the
Period ends on September 30,
2008, the minister responsible
said.
t Phenton Neymour, minister
) of state for public utilities,
Blamed the basic tariff rate cut
1 implemented by the former
. PLP administration and other
factors for BEC's financial
predicament. He added that
with the spike in global oil
Sprices,.and BEC's turbines and
Generators being diesel driven,
Sthe customs duties it was pay-
Sing to import its fuel had more
Than doubled from just over
$7 million in 2002 to just under
$20 million in 2007 not far
Soff a three-fold increase.
Making his contribution to
Sthe mid-year Budget debate,
SMr Neymour told the House
of Assembly that under the last
FNM administration in 2002,
"BEC was a viable financial
entity, able to stand on its own
without guarantees".
He explained that BEC's
profitability had been steadily
eroded since 2004-2005, apart
from the gain on the sale of its
shares in Cable Bahamas,
which enabled it to make a
profit of $1.3 million that year.
According to the minister,
BEC suffered losses of $2.9
million in 2005-2007, and the
loss for the year ended 30 Sep-
tember, 2007, is expected to
amount to some $10.2 million.
"The financial status for the
..firs, three months of the fiscal
ear'2007-2008 is reported at
.5,,million in losses, apd
.!,- : .- ; "* ..,, .* , .


based on these figures, the pro-
jected loss to September 2008,
would be $11 million after
experiencing some operational
savings," Mr Neymour said.
"At the end of the year
2008-2009 it is projected that
BEC will further incur losses of
some $24 million and $38 mil-
lion for 2009-2010, assuming
the current tariff rates remain
in force and oil prices rise at a
moderate rate.
Decision
Mr Neymour said that
PLP's decision to pay off a
long-term loan with the Inter-
American Development Bank
(IDB), and refinance it,
impacted BEC's cash flow neg-
atively.
"In 2003, the customer rates
were reduced without a proper
study being carried out. And
while it appeared to be good to
some customers, it actually
placed BEC in a poor finan-
cial position and potentially
threatened its ability to be sus-
tainable, to be able to provide
the service that it is mandated


, SSW
low


Date: March 10-26, 2008 (excluding 14 )
Venue: Auditorium, Bahamas Academy
High School


Name:


to. This along with payment of
interest on security deposits,
resulted in the corporation's
revenue being reduced by
approximately $18 million per
year since the rate reduction,"
said Mr Neymour.
Additionally, Mr Neymour
said BEC is paying more Cus-
toms Duty for the higher
priced oil; a cost that is
absorbed by the Corporation
and not passed on to con-
sumers via the fuel surcharge.
In 2002, the duty charged on
BEC's fuel was $7.26 million.
In 2007, mainly due to the
increased cost of oil on the
international market, some
$19.68 million was charged in
Customs Duty.
Between January 2002 and
February 2008, the cost of
Automotive Diesel Oil (ADO)
climbed from $34.19 to $121.56
per barrel, while the cost of
"Bunker C" fuel moved from
$30.61 to $81.25 per barrel.
Between 2002 and 2007, the
Corporation has seen a 255 per
cent increase in cost of ADO
and a 165 per cent increase in
cost of "Bunker C".


Ir


Time: 6:00-10:00 p.m.
Location: Wulff Road (opposite Bamboo
Chicken Shack)


Application Form

P. 0. Box:


Address:

Tel:


Email:

Fax:


Agerange: ounder15 o61-25 b26-40 o41-60 o61-70 71 andover


Employment Status: D Employed 0 Government


SPrivate o Self-employed


0 Unemployed

ADMINISTRATIVE FEE: $100 (EXCLUDING MATERIALS)
***m1*******$***
Contact:
LaKeisha Thompson OR Sharae Collie
HANDICRAFT DEVELOPMENT/MARKETING DEPARTMENTS B A I C
Tel: 322-374-3 Fax: 322-21231328-6542
' ''' ~ ~a iL li^ a l'1111 L IIII, II


OAS SCHOLARSHIP ANNOUNCEMENT 2009
The Ministry of Foreign Affairs announces that applications for the captioned
fellowship at the Graduate and Undergraduate, for the 2009-2010 levels
are now being accepted.

Applications will be accepted in the fields of study related to the OAS
priority development areas of Social Development and the creation of
productive employment, Education, Economic diversification and
integration, trade liberalization and market access, Scientific development
and exchange & transfer of Technology, Strengthening of democratic
institution, Sustainable development of tourism, sustainable development
and the environment, culture.

Candidates are required to be citizens or permanent residents in OAS.
member states, produce transcript with a minimum GPA of 3.00, passport
photos (3), current medical certificate, three (3) statements of
Recommendations from Professors/Lectures, Copies of Academic
qualifications and copies of pages one through three together with visa
page of applicant's passport.

Applications can be obtained from the OAS website at www.oas.org.
Applications should be completed electronically and printed out, or
downloaded and filled in typewriten format. All application forms must
be presented in triplicate at the Ministry along with the supporting documents.

Additional information can be obtained by contacting the
Technical Assistance Cooperation Division
of the Ministry of Foreign Affairs
at telephone number 356-5956/9,
or by email to .
technicalassistance@nifaBShamas.org








UK University Distance Learning in Bahamas


MBA University of Wales
* One year minimum by online learning CYMRU
* US$8,500 total fee UNIVERSITY
E.a -OF WALES
Flexible payment options available WALES
A member of the Assbciation of
Commonwealth Universities


MBA University of Bradford
* Top 10 MBA in the world (Economist, Jan 2008)
* AMBA/EQUIS accredited BRADFORD
* US$15,000 instalmentt plan available) Sychol `fManagement


Also recruiting now to degree
programmes: MA Education,
LLM Commercial Law, MSc Public
Administration and Development,
BSc Psychology, BSc Computing,
BSc and MSc Hospitality, BA
Business and HND in Business, from
University of Birmingham, University
of Sunderland, University of Derby,
Sheffield Hallam University, University
of Teesside and University of Wales







'R info@rdicaribbean.com

1 (703) 549 5424 'i


www.rdicaribbean.com


2 lots adjourning each other in
Bahama Sound #16 in Exuma
$12,000 each,


Tel: 327-8026 or 359-3160 anytime
7pm-8am
. ..... ... .. Z"- ? '" f' " """ ..


4


', r.





Bahamas Agricultural & Industrial Corporation



Presents
Its
NEW PROVIDENCE I
SHELL CRAFT TRAINING PROGRAM


THE TRIBUNE


MONDAY, MARCH 3, 2008, PAGE 5B


rJ~u
*'-j.-' -d
^30s-p
I ,C










P BM AM C ,8E I


Bahamas


'nail


must


down


rules of game'


FROM page 1B

in the Western Hemisphere
that was not a member of the
World Trade Organisation
(WTO), the global body
responsible for administering
and setting the global rules-
based trading regime.
Among the advantages of
WTO membership, Mr
Delaney said, were the fact
that it provided settlement and
dispute resolution mechanisms
as a means of solving interna-
tional trade disputes, while it
also provided certainty and
clarity on trade arrangements.
Mr Delaney told The Tri-
bune: "You have to ask your-
self. Is it prudent for us not to
have certainty and predictabil-
ity on market access and the
rules pertaining to trade, as we
compete against other nations
for market access, and at least
a level playing field, in trade, if


not preferential opportunities
in trade with certain countries?
"One would have thought it
would be prudent to try and
nail down the rules of the
game. Right now, for us, the
rules are not nailed down.
"When you do not get in
early, the price is higher if you
get in later. It is significantly
more expensive for those coun-
tries, and has been for us to
date, to get into the WTO."
The Trade Commission
chairman question whether the
'do nothing' option over the
EPA, and not signing on to the
CARIFORUM offer, was a
viable option given that one-
way trade preference regimes
were "a dying thing".
As a result, the Bahamas
"can't any longer expect just
to do what we were doing
before. We are at 'a coming of
age' stage as a country among
the international community.
We are being required to con-
tract with others to rules that
will govern how we trade".
Arguing that doing nothing
was "a luxury not available to
any country in the world", Mr
Delaney said the Bahamas had
to "navigate these changes the


best way we can".
"The reality of the matter is
that we cannot bunker our-
selves. The only way we make
a living is by trading," he
added.
Mr Delaney denied that the
heavy emphasis on Caribbean
regional integration in the
EPA treaty meant that the
agreement was effectively a
'back door' route taking the
Bahamas into a Caribbean Sin-
gle Market & Economy
(CSME) arrangement.
He added that via the Most
Favoured Nation (MFN)
aspect of the EPA, which
means that no country can
offer trade terms that are more
favourable to one nation than
another, the Bahamas would


NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that:-

(a) DYNGUSS COMPANY LTD. is in
dissolution;

(b) The date of commencement of the' dissolution
is the 8th day of February, A.D., 2008 and

(c) the Liquidator is C.B. Strategy Ltd., of 308
East Bay St.


C.B. Strategy Ltd.
LIQUIDATOR


Royal Island (Bahamas) Limited




Royal Island (Bahamas) Limited, the developers of the Royal Island resort
and residential project at North Eleuthera invites suitably qualified
individuals to apply for the following positions with the company:

Superintendents
Project Engineers

We are currently seeking individuals to oversee the underground
infrastructure systems for Royal Island, and as such, we are looking for
dynamic individuals who posses strong leadership and communication
skills. Salary is commensurate with Experience and Education.

Interested persons should submit their resumes with cover letter to:

Harcourt Management Services Ltd.
P.O. Box N 1991
Nassau Bahamas

Fax to: (954) 745-4399

Or Email to:
aileen. miller@royalislandbahamas.com

Royal Island (Bahamas) Limited thanks all applicants for their
interest, however only those under consideration will be contacted.


secure the same market access
conditions as European
nations when it came to
exports to CARICOM coun-
tries.
Meanwhile, Mr Delaney said
the EPA contained nothing
that would commit the
Bahamas to Tax Information
Exchange Agreements
(TIEAs) with EU nations,.a
key consideration for this
country's financial services
industry.
The Trade Commission
chairman added that he had
been advised the Excise Tax,
which the Government is con-
sidering introducing to protect
its import revenues, would not
be treated as a tax on border
trade because it applied
"across-the-board".
Mr Delaney said he was
"shooting for" the Trade Com-
mission's work on the EPA to
be completed by mid-April, so
that by June it could start get-
ting focused on the need to
replace the Caribbean Basip
Initiative (CBI).
The EPA was "one of a
threesome" of trade agree-
ments heading the Bahamas'
way, as the CBI which gov-
erns trade relations with this
nation's key trading partner,
the US only has a waiver
exempting it from WTO stric-
tures until September 2008.
Charles Rangel, chairman of
the US House of Representa-
tives House Ways and Means
Committee, has introduced a
Bill seeking to prolong the
CBI's life until September
2010, but there is little doubt
that a replacement, two-way
agreement will have to be
negotiated.
Apart from the CBI, there
is also the CaribCAN agree-
ment with Canada that expires
in 2012, and WTO member-
ship, to be addressed by the
Bahamas.
"The EPA exercise gives the
Bahamas a head start in
addressing the issues for CBI,
WTO and CaribCAN," Mr
Delaney said. "To a great
extent we have to run down
the same issues to determiine
how the Bahamas will address
it."


pRICEWATERHOUSECOOPERS U


PricewaterhouseCoopers has vacancies for staff accountants to pursue a programme of
training culminating in a professional accountancy qualification. Prospective candidates should
have a graduate or undergraduate degree in accounting with a cumulative grade point average
that exemplifies your success as an achiever and leader.
Applications are being accepted for the 2008 Programme. Expectant May/June 2008 graduates .
are also encouraged to apply.
Successful candidates will undergo a period of rigorous training, both academically and
on-the-job, with the objective of developing professional skills. Much of the on-the-job experience
will entail auditing the financial statements of entities in the financial services industries such as
banks, trust companies, investment funds and insurance companies. The positions offer excellent
salaries and promotional opportunities, and benefits include medical insurance and provident
fund. Also, as a team member of PricewaterhouseCoopers there are opportunities to work in
another country where PricewterhouseCoopers has an office.
Please submit your application, with a current curriculum vitae and a copy of your most recent
transcript, before 31 March 2008, to:

Human Resources Partner
PricewaterhouseCoopers
P.O.Box N-3910
Nassau, The Bahamas


CACIQUE

Cacique International Ltd. with over 10 years of
outstanding service in destination management and
event planning is seeking to employ a
Personal Assistant
Requirements:
3-5 years experience in relevant positiort
Proficient in hands-on Microsoft Suite
Superb written and oral communication skills
A Bachelor's Degree, with a concentration on marketing
or business willbe a plus
Good time management skills
General:
Schedule and daily coordination of the day to day diary
for company executive.
Effectively book the travel scheduling and conference
scheduling for executive
Complete administrative duties for the Office
Manage office supplies
Complete reports as needed
Remuneration:
Excellent benefits package inclusive of health
insurance.
Salary negotiable.
Interested please should submit resumes to the
following addresses on or before March Ist 2008.
Director of Human Resources
P.O. Box N-4941
Nassau, Bahamas
Or email: jbeneby@caciqueintl.com


IMPORTANT

NOTICE








Effective February 28th, 2008 at 3pm the
Hurricane Hole Plaza Branch will be permanently closed.

All customers are advised to access our services
through our new location at

PARADISE VILLAGE SHOPPING CENTRE
from March 3rd, 2008.



FirstCaribbean apologizes for any inconvenience caused.




www.firstcaribbeanbank.com


FIRSTCARIBBEAN
INTERNATIONAL BANK
GET THERE. TOGETHER.


PAGE 6B, MONDAY, MARCH 3, 2008


THE TRIBUNE








MONDAY, MARCH 3, 2008, PAGE 7B


THF TRIBUNE


BTC


urges


cellular


customer migration


THE Bahamas Telecommunica-
tions Company (BTC) is spending
$40 million to upgrade its Global Sys-
tem for Mobile Communications
(GSM) cellular network, as part of a
strategy to migrate all cellular cus-
tomers using the old TDMA network
over to GSM by year-end.
BTC's vice-president for market-
ing, sales and business development,


Marlon Johnson said "This migration
from the TDMA network to the GSM
network is both mandated by the
PUC [Public Utilities Commission]
and is necessary as the TDMA parts,
antennas and telephone devices are
now discontinued meaning that
there are no more manufacturers that
produce these items. Thus out of
necessity, and to ensure that our cus-


tomers are on the most widely used
mobile telephone network in the
world, we are moving fully over to
GSM."
BTC's TDMA clients will also soon
no longer be able to use their cell
phones in the US, as the company
plans to end roaming TDMA agree-
ments by next month.
BTC now has Voice Roaming


Agreements for 145 GSM networks in
80 countries and data roaming agree-
ments for 41 Networks in 24 coun-
tries.
Mr. Johnson added: "We are
pleased to advise though that BTC
has requested that the PUC give con-
sideration to allow us to have cus-
tomers transfer their TDMA phone
number over to their new GSM


account consistent with what our
customers have been asking. BTC
has the technology to facilitate this,
but we do require the permission of
the PUC to make it happen. We are
hopeful nonetheless that we will be
granted permission to do this and
ensure that we keep our customers
happy."


NOTICE
NOTICE is hereby given that GHISLAINE VILBRUN OF
#70 BAYBERRY LANE, FREEPORT, GRAND BAHAMA,
BAHAMAS is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 3RD day of
MARCH, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.


Legal Notice
NOTICE


NEW SOMERSET CORP.



Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of NEW SOMERSET CORP. 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


CHAMBRAY TREE CO. LTD.



Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of CHAMBRAY TREE CO. LTD. 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


CRYSTAL GEM TREE INC.



Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of CRYSTAL GEM TREE 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)


Gail Lockhart Charles is pleased to announce
the opening of her Law Chambers


/ >' ",

GAIL LOCKHART CHARLES & CO.
/ I\ >

V'

Counsel & Attorneys-At-Law
Caves Village, West Bay Street
P.O. Box SP-60063, Nassau, Bahamas

Tel: 242.327.1391 | Fax: 242.327.1392
Email: Gail@LockhartCharles.com
www.LockhartCharies.com


Legal Notice
NOTICE


BYLLINGS POINTE INC.



Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of BYLLINGS POINTE 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


WILDE LTD.



Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of WILDE LTD. has been com-
pleted; a Certificate of Dissolution has been issued and
the Company has therefore been struck off the Register.



ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE

MONTRES INT'L HOLDINGS LTD.

--- 0--

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of MONTRES INT'L HOLDINGS LTD.
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


EPALINGS LIMITED

---^- --

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of EPALINGS LIMITED has been com-
pleted; a Certificate of Dissolution has been issued and
the Company has therefore been struck off the Register.



ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE


KERMAN LIMITED

--4-

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of KERMAN LIMITED has been com-
pleted; a Certificate of Dissolution has been issued add
the Company has therefore been struck off the Register.



ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE

INDIGO INLET INDUSTRIES LIMITED


----

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of INDIGO INLET INDUSTRIES LIM-
ITED 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

HOMEBOUND SLOPES INC.

-- ,---

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of HOMEBOUND SLOPES INC. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the
Register.


ARGOSA CORP. INC.
(Liquidator)


I I IL- I I IILJWIM"


I


BUSINESS














Sir Jack: I'll urge court end





if St Georges sell to Fleming


FROM page 1B

in an affidavit filed to support the
St George estate's summons asking
the Supreme Court to reconsider its
decision to lift the injunction blocking
the Hayward family trust's investment
vehicle, Seashells Investments, from
selling its GBPA stake (50 per cent or
75 per cent) to Fleming, Chris Caf-
fcrita. an executor for the estate,
picked up on this issue.
Silence
NM r Cafferata said there was "com-
plete silence" from the Hayward
side's defendants and Fleming as to
what role the latter was playing in the
GBPA litigation, both now and in the
future.


He alleged that this element of Mr,
Mackay's response, "requiring a sale
by the estate to the Fleming Group
before any settlement of the owner-
ship issue is the clearest possible indi- .
cation that the plaintiffs have been
correct in submitting that it is the
Fleming Group which has control of
the Hayward litigation".
Fleming was alleged to be trying
"to coerce the estate", and was direct-
ing the Hayward litigation "in a con-
certed effort to cause the estate to
sell its interests in GBPA, Port Group
Ltd and IDC to the.Fleming Group at
the cheapest possible price".
Mr Cafferata alleged that if Fleming
was allowed to purchase the 50 per
cent GBPA stake held by Seashells
Investments, it would continue and
"intensify" the alleged oppression of
the St George estate.


In Sir Jack's counter-offer, Mr
Mackay said Hannes Babak, the oust-
ed GBPA chairman, should resume
his role once the St George estate's
oppression action was struck out/dis-
missed, "unless at that point in time
Fleming Family & Partners are the
owners of Seashells' shareholding in
IDC. Fleming Family & Partners have
publicly committed that Mr Babak
will not be a director/shareholder in
any of the companies if they are a
shareholder".
Estate
Mr Mackay also said that the St
George estate should pay the costs
of the GBPA receivers, Clifford and
Myles Culmer, and their attorneys
Lennox Paton, arguing that they were
"wrongfully appointed and wrongful-


ly retained in place by delaying tac-
tics".
He alleged that these 'delaying tac-
tics' prevented the Hayward defen-
dants' from obtaining a court hear-
ing to set aside the receivership for 15
months, something Mr Mackay said
Justice Neville Adderley had
described as "impossible to imagine".
Sir Jack's counter-offer also said
any agreements needed to include the
Treasurer of the Bahamas, given that
the issue of whether the Government
still owned a 7.5 per cent stake in the
GBPA was unresolved.
The letter also questioned the fac-
tual basis upon which the GBPA was
being asked "to gift houses" at Span-
ish Main in Freeport to the St George
estate and its beneficiaries.
Finally, Mr Mackay's letter urged
the St George estate to resolve Caro-


line St George's tracing claim, which
alleged that she and her sister, Caro-
line, were beneficial owners of at least
some of the estate's GBPA assets
because they had been purchased by
their father using assets left in trust for
them by their maternal grandfather,
William Hill.
Achieved
"Certainty could also be achieved
by an agreed sale by the estate to
Fleming Family & Partners, and
releases of all claims by the various St
George children and wives," Mr
Mackay wrote.
He added that Sir Jack was keen
to resolve the dispute, which had
"thrown the companies and the econ-
omy of Freeport into 15 months of
uncertainty and loss".


Government eyes outsourcing of car inspections


FROM page 1B


Bahamians to go through the
process faster.
In his mid-term Budget pre-
sentation, Dr Deveaux said the
Road Traffic Department had


collected $11.736 million in
revenue for the six month peri-
od July-December 2007, com-
pared to Ministry of Finance
estimates of $12.964 million a
shortfall of $1.228 million.
He added, though, that the
Department expected to gain a
revenue boost in March 2008


because this was companies
month, in which all vehicles
belonging to Bahamian firms
had to be licensed and inspect-
ed. May, as Franchise Inspec-
tions and Registration Month
for taxis and jitneys, was also
seen as a major revenue earn-
er.
The practice of requiring
companies with large vehicle
fleets to licence and register
all their vehicles at the same
time and place in March was
one of the 'Vexing Business
Issues' raised by the Chamber
of Commerce.
The Chamber report, which
has been submitted to the
Government, noted that
before the Road Traffic
Department changed its policy,
two years ago, companies
could give cash and the insuFs-


ance certificate to the vehicle's
driver to complete the process
any time in March.
Since then, the Chamber
said business owners were
required to take the licence
disk off all their vehicles, make
a copy, attach the correct insur-
ande certificate to each and
send all the paperwork to
Road Traffic. Then, the com-
pany had to call the depart-
ment and make an appoint-
ment for an inspector to come
to its place of business and
inspect the entire fleet.
If all goes well, a cheque
then has to be sent to the Road
Traffic Department and
arrangements made to go and
pick up the new licence disks
and inspection stickers.
"Failure to start this process
before March 15 will leave all


of your registration documents
stuck in an overwhelmed
bureaucracy at Road Traffic,
and your vehicles will not be
licensed by March 31, mean-
ing that the business owner
would either have to take the
vehicles off the road or operate
them with the genuine fear of
receiving significant fines for
operating an unlicensed vehi-
cle," the Chamber report said.
Dr Deveaux said the Gov-
ernment was close to address-
ing this issue, adding that his
Ministry and the Road Traffic
Department were trying to
accomplish other objectives.
They were assessing whether
to make Road Act insurance
redundant, and working close-
ly with the insurance sector-on-
this to see what it meant for
Sthe consumer,, as.their insur-


ance liability would rise.
The Road Traffic Depart-
ment was also seeing how it
could accommodate left turns
on red; provide multiple loca-
tions where persons could pick
up drivers' licences, and look-
ing at outsourcing the vehicle
inspection and licensing pro-
cedure.
Dr Deveaux said the objec-
tives were: "How can we make
the process of obtaining a dri-
ver's licence, using the roads,
getting the vehicle licensed and
inspected, more user friend-
ly?"
He added that it was now a
case of reviewing the enabling
legislation and making the nec-
essary amendments, the initial
S-objective having been to imple-
ment any changes "in the
coursee of thesumnmer".


I' l


.*1


':


"Informative. I can be sure to read something of value in The Tribune. It is filled with
information about local news, sports, entertainment and world news subjects that are
important to me. The Tribune is my newspaper."

JASON RAHMING
CONrSTRUCTIONc' FOREMAN

The Tribune


('


4 .


- -


PAGE 8B, MONDAY, MARCH 3, 2008


THE TRIBUNE


To advepise in Tg T O R

#1 newspaep in cicul lion

Justcal 322-100 loay


1


~6~;~


w-a


f3


& .\ ,
- .\ s









THE TRIBUNE


MONDAY, MARCH 3, 2008, PAGE 9B


Water Corporation in 'seriously sad position'


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

THE Water and Sewerage
Corporation is in a "seriously sad
position" and grossly affected by
cash flow and indebtedness to
vendors, the minister of state for
utilities told the House of
Assembly during his contribu-
tion to the mid-year Budget
debate.
South Beach MP Phenton
Neymour told MPs that the Gov-
ernment was disappointed to find
that the Corporation was in a
worst state than that of 2002
under the previous FNM admin-
istration.
"We found it in a seriously sad
position, and the Corporation
was severely affected by cash
flow constraints and gross indebt-
edness to vendors,' he said.
Mr Neymour explained that
the Corporation was operating
at the upper limits of its over-
draft facilities and finds itself
having to defer payment to key
suppliers.
"This obviously is adversely
impacting the Corporation's rela-
tionship with its major suppliers,
and its ability to obtain goods on
credit, both locally and interna-
tionally," Mr Neymour added
He said that while the"Corpo-
ration's tariffs have remained


unchanged since 1999, its net
operating costs have increased
dramatically, as was disclosed in
the 2006 Audited Financial
Statements tabled in the House
earlier this month.
Mr Neymour revealed that in
1999, total revenues were $29.2
million, compared to $42.8 mil-
lion in 2006, a 46.6 per cent
increase of $13.6 million. How-
ever, expenditure (excluding
depreciation and bad debt pro-
visions) had increased from $30.1
million in 1999 to $47.8 million in
2006 for a $17.7 million increase
in operating costs.
He said this was an increase
in expenditure of 58.8 per cent
versus the 46 per cent increase in
revenue.
The minister further indicat-
ed that the single biggest spend-
ing increase had been in the
direct cost of water purchased
from water providers for onward
distribution to the Bahamian
people.
This production cost has
increased from $3.5 million in
1999 to.$14.8 million in 2006.
Nonetheless, that 423 per cent
increase of $11.3 million in the
cost of water purchases also rep-
resented a direct positive impact
on the quality of life for many
Bahamians. Yet to maintain its
operations and renew its infra-
structure without becoming a
burden on the Public Treasury,


Mr Neymour said the Corpora-
tion must close the gap between
the economic cost of services and
the revenue these services gen-
erate.
To that end, Mr Neymour
explained that included in the
supplementary budget request
was $4.15 million to pay for
reverse osmosis water purchases
in New Providence and the Fam-


ily Islands, as well as various
local and international suppliers.
Some $400,000 was also being
requested to partly defray spend-
ing for certain international debt
service payments made in
December 2007.
The combined total of the var-
ious line items amount to some
$7.417 million, and the supple-
mentary funds which have now


I 'A


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been made available to the Cor-
poration will alleviate the most
urgent cash demands and sustain


operations until an overall rev-
enue enhancement and funding
strategy is established


Temple Christian High School

Shirley Street

Invites applications from qualified Christian teachers for the
following positions for the 2008-2009 School Year.

-JournalismiLiterature (Gr. 10-12)
-Religious Knowlege Bible (Gr. 7-12)
-Math (Gr. 7-12)
-Physics (Gr. 10-12)
-Agriculture (Gr. 7-9)
-Technical Drawing (Gr. 7-12)
-Accounts/Commerce/Economics (Gr.10-12)
-Physical Education (Gr. 7-12)
-Spanish (Gr. 7-12)
-Geography/History(Gr. 10-12)
-Chemisrty
-Business Studies (Gr. 10-12)
-Health Science (Gr.7-9)
-General Science (Gr. 7-9)
-Computer Studies (Gr. 7-12)
-Music (Gr. 7-12)
-Biology (Gr. 10-12)
-Language ArtsiLiterature (Gr.7-12)
-Art/Craft (Gr. 7-12)
-Food Nutrition (Gr. 10-12)
-Clothing Construction (Gr. 10-12)
-Social Studies (Gr. 7-9)
-Home Economics (Gr. 7-9)

Applicants must:

A. Be a practicing born-again Christian who is willing
to subscribe to the Statement of Faith of Temple
Christian School
B. Have a Bachelor's Degree in Education or higher
from a recognized College or University in area of
specialization.
C. Have a valid Teacher's Certificate or Diploma
D. Have at least two years teaching experience in the
relevant subject area with excellent communication
skills.
E. Applicants must have the ability to prepare students
for all examinations to the BJCiBGCSE levels.
F Be willing to participate in high school's extra
curricular programmes.

Application mustbe picked up at the High School Office
on Shirley Street and be returned with a full curriculum
vitae, .recent coloured photograph and three references to:

Mr. Neil Hamilton
The Principal
Temple Christian High School
P.O.Box N-1566
Nassau, Bahamas


-a-


IAHAMAS REALTY LTD.
COMMERCIAL.
*ItsocllM willk:


CBRE
'B RICHARD ELLIS
NAVIGATING A NEW WORLD


Pricing Information As Of: C F A L"
Friday 29 February 2008
E. x u ED & TRADED SECURITIES- VISIT WWW.AI EIAH-AMA.COM .i$ D A-'. :;-.
BISX ALL SHARE INDEX CLOSE 1.973.68 /CHG 2.89 /%CM3 O.15/VlrDO .fa '/ i".';. :V .l i
52wk-HI 52wk-Low Securit y Previous Close Today's Close Change Daily Vol. EPS $ DIv $ P/E Yield
1.90 0.75 Abaco Markets 1.73 1.90 0.17 11.670 0.157 0.000 12.1 0.00%
11.80 11.25 Bahamas Property Fund 11.80 11.80 0.00 1.502 0.400 7.9 3.39%
9.68 8.50 Bank of Bahamas 9.61 9.61 0.00 0.643 0.260 14.9 2.71%
0.99 0.83 Benchmark 0.99 0.99 0.00 0.188 0.030 5.3 3.03%
3.74 1.95 Bahamas Waste 3.66 3.66 0.00 0.289 0.090 12.7 2.46%
2.70 1.25 Fidelity Bank 2.60 2.60 0.00 0.058 0.040 44.8 1.54%
13.60 10.03 Cable Bahamas 12.95 13.60 0.65 14,000 1.030 0.240 13.2 1.76%
3.15 2.00 Colina Holdings 3.14 3.14 0.00 0.031 0.040 101.3 1.27%
8.50 4.6:: Commonwealth Bank (S1) 6.95 6.96 0.01 17,440 0.428 0.280 16.3 3.74%
7.22 4.41 Consolidated Water BDRs 4.41 4.28 -0.13 0.129 0.052 34.1 1.18%
2.60 2.20 Doctor's Hospital 2.45 2.45 0.00 0.316 0.020 7.8 0.82%
7.85 5.85 Famguard 7.79 7.85 0.06 1,000 0.713 0.280 11.0 3.57%
13.01 12.30 Finco 12.95 12.96 0.01 1,500 0.810 0.570 18.0 4.40%
14.75 13.90 FirstCarlbbean 13.99 13.90 -0.09 5.170 0.914 0.470 15.2 3.38
6.10 5.12 Focol (S) 5.15 5.15 0.00 7,500 0.363 0.140 14.2 2.72%
1.00 0.54 Freeport Concrete 0.74 0.74 0.00 0.035 0.000 21.1 0.00
8.00 7.20 ICD Utilities 7.25 7.25 0.00 0.411 0.300 17.6 4.14
12.50 8.60 J.S. Johnson 12.30 12.30 0.00 1.059 0.610 11.6 4.96
10.00 1000 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00
SFldelty Over-The-Counlsr Securitie : .:
52wki.H, 52B-k-Lo3 S lt-.C.II Bi. Ask S Last Price Weekly Vo EPS Div S PIE Yield
14.60 14.25 Bahamas Supermarkets 14.60 15.60 16.00 1.160 1.185 13.4 8.12%
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.35 0.40 0.35 -0.023 0.000 N/M 0.00%
Colina Over. The-Counler Securities
4.1 ijl a 1: O: 0 BOAiB 41.00 43.00 41.00 4.450 2.750 9.0 6.70%
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 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%
BISX Usted Mutual Funds
52wk-HI 52w L,.,a. Fur.J Nr_ INaiaO yTnI-. Lilst 12 Mor.ins Div 5 Yield
1. .. .1..... ..r.... ...t .' T ..... I.. ..


1.3001
3.0008
1.3812
3.7969
11.9880
100.0000
100.0000
1.0000
10.5000


2.4723
1.2647
3.0569
11.3545
100.0000
100.0000
1.0000
9.6628


BISX ALL SHARE INDEX 1
52wk-HI Highest closing pril
52wk-Low Lowest closing p
Previous Close Previous dl
Today's Close -Current day
Change Change in closing p
Daily Vol Number of total s
DIV S Dividends per share p
P/E Closing rice divided by


G, nnl Bcr.a I-u 1 .6 I' -I 1 i "
Colina MSI Preferred Fund 2.999402"' -0.04% 15.53%
Colina Money Market Fund 1.381183"'" 0.39% 3.85%
Fidelity Bahamas G & I Fund 3.7442"* -1.40% 27.72%
Fidelity Prime Income Fund 11.9880"- 0.46% 5.53%
CFAL Global Bond Fund 100.00"
CFAL Global'Equity Fund 100.00"
CFAL High Grade Bond Fund 1.00"
Fidelity International investment Fund 9.6628""
FINDEX: CLOSE 911 71 / YTD -4.23% I 2007 34.47% ..
9 Dec 02 = 1.0000 MARKET TERMS YIELD-I ; -. i ".. .]' ..J I uL, .*-.1- ny i.
ce In last 52 weeks Bid 5 Buying price of Clina and Fdelity
rice in last 52 weeks Ask S Selling price of Colina and (Idelity
y's weighted price for daily volume Last Price Last traded ove-the-countor price
s weighted price for daily volume Weekly Vol Trading volume of the prior week
price from day to day EPS S A company's reported comings per share t he lst 12 mtht
hares traded today NAV Net Asset Value
aid In the last 12 months NIM Not Meaningful
the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index January 1. 1994 = 100


S- 3 ecnber 2007
" 31 January 2008
"" 2 January 2008
..... 22 February 2000


IS) 4-or-1 Stock Split Effective Date 818/2007
;SI 3 for-1 Stock Solit Effective Date 7/1112007
TO TRADE CALL" CFAL 242-502-701D I FIDELITY 242-356-7784 / POR MOMr DATAr S& Bif 4 AKgOBU4mMM, i9it '-r.-- -


MUST SELL

VACANT PROPERTY

Lot #14721 comprising 10,000 sq.ft. in area with
83 frontage on Zinnia Road and 120 feet on
Eastward Drive in Bahama Sound of Exuma Ocean
Addition West, Exuma Bahamas

The property is undeveloped and is
located 1 mile south of Emerald Bay
and The Four Seasons Resort.

For conditions of the sale and any other
information, please contact:
Credit Risk Management Collection Unit at:
Phone: 356-1685 or 356-1608,
Nassau, Bahamas

Interested persons should submit
offers in writing addressed to:

The Manager, Credit Risk Management Collection
Unit, P.O. Box N-7518, Nassau, Bahamas

Serious enquiries only


* Commercial Building


9 Commercial Building

East Street South

SRE Nwww.bahamasrealty.bs
www.cbricha rdellis.com



OFFICE & RETAIL SUITES
(Completion 2009)

Six Units at 726 sq. ft. each
Popular High Traffic Commercial Area '
Brand New Attractive Design
Ample Parking Available c
For More Information Call 396-0000 N.


COMMONWEALTH OF THE BAHAMAS 2007/CLE/qui/00975
IN THE SUPREME COURT
Common Law and Equity Division


NOTICE

THE QUIETING TITLES ACT, 1959 (Chapter 393)

The Petition of Constance Andree Comery and Lillian
Angelina Rolle both of the Island of New Providence
one of the Islands of the Commonwealth of The
Bahamas in respect of:

ALL THAT pieces parcels or lot of land containing
Four Thousand Two Hundred and Ninety-one (4,291)
square feet situate on the Western side of West Street
approximately Forty-seven (47) feet north of Adderley
Street in the City of Nassau in the Island of New
Providence one of the Islands of The Bahamas

The Petitioner, Constance Andree Comery and Lillian
Angelina Rolle, claim to be the owners of the fee simple
estate in possession of the piece parcel or lot of land
hereinbefore described and the Petitioners have made
application to the Supreme Court of the Commonwealth of
The Bahamas under Section 3 of The Quieting Titles Act,
1959, to have their title to the said land investigated and the
nature and extent thereof determined and declared in a
Certificate of Title to be granted by the Court in accordance
with the provision of the said Act.

Copies of the filed Plans may be inspected during
normal office hours at:

(a) The Registry of the Supreme Court, Ansbacher House,
East Street North, Nassau, Bahamas
(b) The Chambers of Michael'W. Horton, Arianna House,
Dunmore Lane, Nassau, Bahamas.

NOTICE is hereby given that any person or persons having
Dower or right to Dower or any Adverse Claim not
recognized in the Petition shall within Thirty (30) days after
the appearance of the Notice herein file in the Registry of
the Supreme Court in the City of Nassau aforesaid and serve
on the Petitioners or the undersigned a Statement of Claim
in the prescribed form verified by an Affidavit to be filed
therewith. Failure of any such person or persons to file and
serve a Statement of Claim and the requisite documents on
or before the said Thirty (30) days herein will operate as a
bar to such claim.

MICHAEL W. HORTON
Attorney for the Petitioners
Chambers,
Arianna House,
Dunmore Lane,
Nassau, Bahamas


k\ a










Ilrl I V GN-653vll l, I .


GN-653 i


DEPARTMENT OF PUBLIC SERVICE


The general public is hereby notified that the Legal Representatives of the following deceased Public Officers are
requested to contact the Accounts Section of the Department of Public Service at telephone number 502-7200 as soon
as possible.


Legal Representatives are also requested to submit the original
Hill Complex, Meeting Street.


NO. NAME OF OFFICER LAST KNOWN ADDRESS DATE OF
I DEATH
ENVIRONMENTAL HEALTH SERVICES
1 RICHARD S. RICHARDSON LEWIS STREET 07/08/2002

2 CLARID FERGUSON MARKET STREET 22/08/2005

3 CLIFTON JONES MINNIE STREET 18/09/2006

4 SAMUEL GREEN THOMPSON LANE 22/03/2004

5 CHRISTOPHER MOSS LOWER BOGUE 23/09/2000
ELEUTHERA
6 CARLTON FORBES CROOKED ISL STREET 30/07/2005

7 CALSEY STANLEY HIGGS BOZINE TOWN 08/11/2006

8 MICHAEL MAYCOCK MACKEY STREET 21/02/2007

9 THOMAS SANDS BEL AIR ESTATES 112/03/2006

10 HARTWELL ARMBRISTER DORSETTE STREET 30/04/2002
11 ROOSEVELT TURNER LAIRD STREET 02/04/2001

12 WILLIS F. BOWLEG HOSPITAL LANE 13/10/2005

13 LAWRENCE WHYMS LAWRENCE CLOSE 23/02/2007

14 WELLINGTON FERNANDER MARKET STREET, SOUTH N/A

15 PANDORA R. CLARKE POLHEMUS STREET 12/02/2001





DEPARTMENT OF PUBLIC HEALTH
16 LINDA LAFLEUR NICOLL'S TOWN 06/07/2003
17 UTTAMCHAVAN FREEPORT 28/11/2005

18 LEFRED ROLLE KEY WEST STREET 03/04/2006

19 DAVID KEMP CULMERSVILLE 02/06/1998

20 JULIAN R. SMITH GARDENS HILLS 15/05/2000

21 LENAMAE N. THURSTON SOLDIER RD 04/01/2001

22 KENDAL GIBSON WILTON STREET 03/11/2005

23 DAPHNE L. JOHNSON GARDEN HILLS 06/08/2007



RAND MEMORIAL HOSPITAL
24 DAWN PEDICAN FREEPORT, GRAND 16/10/1999
BAHAMA


SANDILANDS REHABILITATION CENTRE
25 RENFORD R. WHYMS CLARIDGE ROAD 05/01/2001

26 EMMA PASTORAL SHIRLEY STREET 30/06/2001

27 WILTON MCKENZIE RUPERT DEAN LANE 25/08/1999

28 HAYWARD WRIGHT ELIZABETH ESTATES 07/03/1995

29 ELTON MOSS MCINTOSH CROOKED ISL. STREET 13/05/2002

30 DIANNA RAHMING YELLOW ELDER 10/06/2002


MINISTRY/DEPARTMENT OF EDUCATION
31 AGATHA COLLIE BEL AIR ESTATES 07/02/2006

32 BRENDA KNOWLES LOWE SOUND ANDROS 25/03/96

33 ALTHEA WILLIAMS GLADSTONE ROAD 20/07/2002

34 KERMA BLACK MURPHY FREEPORT, GRAND 05/12/2003
BAHAMA
35 CLAUDINE E. SMITH CENTRAL ANDROS 08/05/2003

36 LOUISE FERGUSON FREEPORT, GRAND 12/12/2004
BAHAMA_
37 OLIVIA KENT MT. ROYAL AVE 17/10/2002

38 PAULETTE WRIGHT PINDER'S'POINT 16/04/2002

39 KENNETH STRACHAN GOLDEN GATES #2 16/01/1999


copies of the Letters of Administration to the Poinciana


MINISTRY/DEPARTMENT OF EDUCATION
40 ROSALEE ANDERSON BALLS LANE 03/02/1995


41 KATHLEEN FARRINGTON LOWE SOUND, 02/08/1996
ANDROS
42 OLIVIA ROBINSON FLOWER STREET 02/02/1995

43 STEPHEN M. JOHNSON MALCOLM ROAD 26/03/2000

44 JUDY KEMP-MUNROE ELEUTHERA CURRENT 06/07/2005
ISL.
45 BERNICE FORBES YELLOW ELDER 20/02/1995

46 JOSHUA SANDS PINEWOOD GARDENS 17/04/1998


47 NEVILLE GIBSON MINNIE STREET 08/05/2007


48 FRANCIS SMITH SEA BREEZE DR. 07/02/2002

49 I GERALD FRITZ COOPER EIGHT MILE ROCK 16/09/2000

50 THOMAS GIBSON CARMICHAEL ROAD 01/01/2007


51 ELIZABETH SAUNDERS FLAMINGO GARDENS 19/04/2007

52 JOYCELYN LAMAZON SOUTH ANDROS 21/11/2006

53 TREVONNE MCKINNEY FORT CHARLOTTE 05/03/2007

54 ALPHONSO SYMONETTE ST. PAULS STREET 24/05/2007

55 DELMETHA STUART KEY WEST STREET 15/01/2003

56 VERNITA WILLIAMS MEETING STREET .29/01/2002

57 OSCAR ANDERSON ODLE CORNER 17/11/1999

58 HANSEL LEROY JONES EIGHT MILE ROCK 14/08/2005

59 SELVA SYMONETTE FOX HILL 23/08/2004

60 LORNA ALEXANDER SEABREEZE LANE 28/06/2007

61 JENNIFER MORTIMER FOX HILL 15/01/2006

62 PAMELA NEWRY GAMBIER VILLAGE 07/07/2007

63 PAMELA MORLEY TARPUM BAY, 28/12/2005
ELEUTHERA
64 MELVERN F. DAVIS CORAL ROAD, CORAL 26/06/2006
HARBOUR
65 SAMUEL ANDERSON EASTWOOD ESTATES 10/04/2004


THE TRIBUNE


AP GE 10B MONDAY MARC 8










THE TR B NEO D Y, M R H 3 2 08T


OFFICE OF THE PRIME MINISTER
76 WINSTON SAUNDERS SUNSET DRIVE, THE 25/22/2006
GROVE


BAHAMAS CUSTOMS DEPARTMENT
77 CEDRIC CUMMINGS YELLOW ELDER 12/09/2002

78 DEBORAH V.D. DAVIS JEROME AVE 17/02/2006

79 SEANR. MACKEY ELIZABETH ESTATES 26/03/2006


80 KENNETH J. FERGUSON NASSAU VILLAGE 24/08/2004

81 KENNETH BOWLEG LANCHESTER 21/01/1995
STREET


MAGISTRATE'S COURT
82 PAULINE L. ASTWOOD WEST STREET 20/02/2003.
HOUSE#153
83 SHEILA BROWN N/A 21/04/2007



IMMIGRATION
84 DEBORAH JOHNSON HUDSON STREET 16/03/2003

85 THERESA NEELY PALM BEACH ST. 12/01/1995

86 WENDOLYN SWEETING FREEPORT, GRAND 27/08/2006
BAHAMA


MINISTRY OF NATIONAL SECURITY (POLICE DEPARTMENT)
87 LIONEL A. PRYCE FREEPORT, GRAND 20/08/2007
BAHAMA
88 EDISONE. BAIN FREEPORT, GRAND 23/10/2007
BAHAMA
89 CLOIDE GREENE PINEWOOD GARDENS 20/02/2007

90 KENDRICK FARQUHARSON PALMETTO POINT 10/03/2007
ELEUTHERA


91 DEREK R. GITTENS SHIRLEY STREET 22/06/2007

92 MCPHERSONM. FERGUSON CARIB ROAD 24/11/2006

93 PAUL R. THOMPSON, JR. LEWIS STREET 13/07/2007

94 SHARON A HIGGINS EXUMA STREET 15/08/2006

95 ELMA J. WOODSIDE CLARIDGE ROAD 10/09/2006

96 CHRISTINE M. AUGUSTIN MARSHALL ROAD 28/05/2006

97 GENEVIEVE J. OLIVER FREEPORT, GRAND 04/01/2006
BAHAMA
98 EDDISONE. BANNISTER BACARDIROAD 1211/2006

99 HENRY M. CURRY 111 FARRINGTON RD 10/07/2005

100 CASTROMER GRIFFIN FREEPORT, GRAND 16/12/2001
BAHAMA
101 CLAUDE J. LESBOTT GOLDEN GATES 13/03/2005



THE COLLEGE OF THE BAHAMAS
102 ROOSEVELT A. DELANCY PINEWOOD GARDENS 26/03/2007

103 LARRY JAMES FOX DALE SUB 14/04/1997

104 MICHAEL HEPBURN N/A 25/10/2007

105 JENNIFER TYNES ELIZABETH ESTATES 04/07/2005



MINISTRY OF SOCIAL DEVELOPMENT
106 ALOHONSO ROLE HILLSIDE PARK 12/06/2005

107 SHARMILLA M SMITH GOLDEN GATES 18/12/2006




SOCIAL SERVICES DEPARTMENT
108 DELORES C. PINDER FOWLER STREET 23/12/2000



MINISTRY OF YOUTH AND SPORTS
109 I STEPHANIE PORTER N/A 15/04/2005


DEPARTMENT OF CIVIL AVIATION
111 RICARDO D. MILLER BLUE HILL RD, SOUTH 07/04/2000

112 MICHELLE D. DORSETT SOUTH BEACH 23/07/2003

113 RICHARD W. GREENE GOLDEN GATES #2 19/01/2004


114 HANSEL G. COOPER WINTON ESTATES 10/08/2007

115 CHRISTOPER STYLES HOSPITAL LANE 04/11/1997

116 CORRINE D.EMMANUEL N/A 31/08/1998



DEPARTMENT OF AGRICULTURE
117 JANET C. CHARLTON ST. JAMES ROAD 05/03/2002

118 CHRISTINE KNOWLES SUNLIGHT COTTAGE 04/04/2006

119 MAYDORN MEADOWS MIAMI STREET 14/11/2001

120 SELRENANEWBOLD. MADE STREET 30/06/1995

121 CHRISTINE LEE HATCHET BAY, 13/03/2004
ELEUTHERA
122 THOMAS BOWE, JR._____


ST. JAMES ROAD 07/2/2004
123 FELIX JOHNSON SHADY TREE AVENUE 07/06/2007


124 IVADELL LUNDY PRATT'S ALLEY 29/11/1997



MINISTRY OF PUBLIC WORKS AND TRANSPORT
125 LESHON JOHNSON MONTELL HEIGHTS 22/12/1972

126 GENEVAPENNAMAN THOMPSON LANE 25/11/2006

127 CARL GLINTON SEVEN HILLS 26/04/1998

128 MINETTE STEELE MASTIC POINT, 08/03/1997
ANDROS
129 NEVILLE BOWE OXFORD AVENUE 09/08/2005

i30 JOHN JOSEPH M ONTEl o(~I -S 05/07/1997

131 KEITH CUMMINGS N/A 13/09/1997

132 MITCHELL HUMES FOX HILL 04/01/2003

133 WAYNE BASTIAN FOREST DRIVE 26/08/2004

134 TRUMAN KNOWLES FREEPORT, GRAND 18/11/1990
BHAAMA
135 ELROY FARRINGTON PRATTS ALLEY 07/05/2006

136 HESKETH TAYLOR N/A 22/06/1996


137 CYRIL DEVEAUX EXUMA STREET 09/04/2006

138 HILDA SANDS BOWE AVENUE 06/06/1994

139 MYRON D. WRIGHT HILL CREST DRIVE 06/08/2006

140 EUGENE SMITH BAILLOU HILL RD 24/05/2001

141 VINCENT MORLEY LYNES LANE OFF 08/04/2005
WULFF ROAD .

142 AVIS S. MUNROE LILLY OF THE VALLEY 06/02/2007
CORNER

143 JAMES ADDERLEY LEWIS YARD 05/01/1995


144 ANTHONY WONG SANDS ROAD 12/08/1995


145 SIDNEY B. COLEBROOKE MEADOWS STREET 05/06/2001

146 CLEMENT FERGUSON N/A 18/07/1995

147 TYRONE HENFIELD MACKEY STREET 12/11/2005

148 REEVIE J. CLARKE EXUMA 30/10/1994

149 RICARDO HEPBURN HUTCHINSON ST. 20/01/1999

150 PAUL GREENSLADE RUPERT DEAN'S LANE 26/04/2005


I 1-



POST OFFICE DEPARTMENT
110 HARRY PINDER GREGORY TOWN 15/01/1996
-_ ELEUTHERA


151 ISANORA D. ADDERLEY TUCKER LANE 25/03/2007

152 ROBERT KERR STRACHAN'S ALLEY 30/09/2007
OFF KEMP ROAD
153 JAMES ROMER BEL-AIR ESTATES 01/12/2006


MONDAY, MARCH 3, 2008, PAGE 11B


THE TRIBUNE









PAGE MD MC


BISX-listed firm's


* By NEIL HARTNELL
Tribune Business Editor
CONSOLIDATED, Water,
the BISX-listed operator of the
Blue Hills reverse osmosis
plant, has met its contractual
obligation to reduce non-rev-
enue water leaks from the
Water & Sewerage Corpora-
tion's New Providence infra-
structure by one million gal-


boost


lons per day, removing a sig-
nificant financial burden from
its back.
Phenton Neymour, minister
of state for utilities, told the
House of Assembly last week
*that Consolidated Water had
met the target of reducing the
Corporation's non-revenue
water losses by one million gal-
lons per day or 438 million gal-
lons per year.


" 0 E """
Visit our website at www.cob.edu.bs


MEET THE WRITER &

BOOK LAUNCH

Tuesday, 4th March at 6:00 p.m.
Chapter One Bookstore

Dr. Nicolette Bethel will share some readings and excerpts
from her books Essays on Life and The Children's Teeth.


PLACEMENT EXAMINATION
The placement examination for the Fall 2008 semester is as follows:

Wednesday, 5th March Thursday, 6th March Friday, 7th March
Aquinas College Government High School St. Andrews
Queen's College R. M. Bailey High School St. Anne's High School
C.I. Gibson C.C. Sweeting High School Westminister
Charles W. Saunders Temple Christian Mt. Carmel Preparatory
C. R. Walker Faith Temple Christian Bahamas Academy
Doris Johnson Secondary Academy St. John's College
St. Augustine's College C.V. Bethel Secondary Nassau Christian Academy
Kingsway Academy Prince William High School
All Family Islands
Saturday, 8th March
All applicants who are not currently enrolled in high school or out of school applicants
All exams will be administered at the Kendal G.L. Isaacs gymnasium beginning at 8:00 a.m.
Students should be attired in their school uniforms and bring with them their school ID cards or
a passport, two pencils and a ruler. For more information please call 302-4499 or email
admissions@cob.edu.bs


Mr Neymour confirmed:
"Having met the non-revenue
water target, Consolidated
Water has fulfilled its contrac-
tual obligations and the Cor-
poration is now faced with the
additional cost of paying for
that one million gallons per
day that it was receiving for
free. This alone translates into
an added cost of approximate-
ly $1.1 million annually."
He did not, though, confirm
the date upon which Consoli-
dated Water had met the tar-
get, or comment on the
$618,000 that the BISX-listed


company had been seeking
reimbursement for.
In its last quarterly 10-Q fil-
ing with the Securities &
Exchange Commission (SEC),
Consolidated Water said it was
seeking reimbursement of that
sum because it believed it had
completed the non-revenue
water project in March 2007.
As a result, it wanted to
recover the cost of the 1.2 mil-
lion free gallons of water per
day it had been supplying to
the Corporation over the seven
months between March-Octo-
ber 2007.


Rick McTaggart, Consoli-
dated Water's chief executive,
said the cost of providing free
water to the Corporation had
"depressed" profit margins at
the Blue Hills plant. Yet the
project would save the Corpo-
ration $2.5 million per year, he
added.
The cost of supplying the
Corporation with those 1.2 mil-
lion free gallons per day was
$200,000 during the 2007 first
quarter, Consolidated Water
had revealed previously, push-
ing operating costs higher and
reducing gross margins.


PRESIDENT'S SCHOLARS
p' V.

The College of The Bahamas is accepting applications'
for The President's Scholars Programme.

CRITERIA
A minimum cumulative
grade point average of 3.50
S .il SAT scores of 1800
1. Must be a high school senior
Must be a Bahamian citizen.
Must pass at least 7 Core
S BGCSE Subjects (with 5 A
GRADES) by the end of
i this year's sitting.


BENEFITS
. Full payment of tuition
and general fees
. Annual book allowance
. Retreats
. Study lounge complete
with computer, printing
and faxing privileges
. Leadership workshops
and conferences


. Domestic & International travel
. President's Scholars award at Commencement


Application demAine Mar 31, 2008
Applications online at ww1v.Cob.Cdtl.bs
I
Fax 302-4329, Tele 302-4:589
17 Office of'Student L ` adership Roorn A 8-5


,'I
jd.. .


: ':


91~~


TO BAHAMIAN LAND OWNERS,
DEVELOPERS AND INVESTORS:


REQUEST FOR


PROPOSALS
for

LONG -TERM LEASE OF

EXECUTIVE STAFF RENTAL HOUSING

Baha Mar Development Company Ltd. invites proposals from Bahamian land
owners, developers and investors to build and lease to.Baha Mar on a long-
term basis a total of approximately .150 multi-family residential housing units
located in developments of at least 30 units each, conveniently located to Cable
Beach for occupancy by the executive staff of Baha Mar, Caesars Bahamas
Management Corporation and Starwood Hotels & Resorts Worldwide Inc. and
their respective contractors, consultants and suppliers.


For further information or .o obtain a proposal package contact:


THE: IT:ERNAvTIONAI, ANI. ACKSEI'S ANDcrl;UREINSTITI.r:- l:CO(1,.1 ,EJI NIVE ISI'~nSr OF'I1 II lHANIAAS
EVENTS CALENDER 2008 (REVISED FEIHRARY 19'". 2008)l


---- 1-- .


EVENT


PowerPoint presentation:
VI('OR H.'1 O RBceond I rES T7


ECTURERSI'PARTICI'PANTS _ VEN'E


RM Imings building
Room 2; a 6h30


. ....-~--~---~- -....... --------


Mfunmning lluildinm
I(Rom 2 .a 6 30


Lec.ur anti slide show by 1. Moss


H.\ITIAN FILM
(tlitle to be announcrIdl


April 25 Autrian Momic: Pre. entation bh Alstnan ('onsul, \r lrnmit Ruinci i unmings lluilding
Friday SISSY Ron__ 2 at 6 30
MaN 17"' IIA AN FIA iAY P 'a ,Ideand icldcirion ol aiian uillituc Hand Shelil frIom 9.(H) \
Saturday
May 23 CLASSICAI. MISIC EVENING Piano solos by 1. Mosl: Munnings Building
Friday____ lol piano dues I, 11. Iloquin & I. Muss Rooln 2 at 7 PMs
NOTE: ALL EVENTS ARE SUBJECT PLEASE CALL US PRIOR TO ANY 302-4584
TO CHANGE EVENT TO CONFIRM 302-4587
-------------- ag


Steven Katz
BAHA MAR DEVELOPMENT COMPANY LTD.
Email: skatz@bahamar.com Tel: 242.677.9081





*A A i'


water


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If so, call us on 322-1986
and share your story.


loss


DATE


March 2;
hI:day
April 11
Friday


.........


THE TRIBUNE


PAGE 12B, MONDAY, MARCH 3, 2008


I


Slide presentation: I.eger, S(CA.