<%BANNER%>

DLOC



The Tribune
ALL ISSUES CITATION THUMBNAILS PAGE IMAGE ZOOMABLE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00084249/00971
 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 7, 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: UF00084249:00971

Full Text





tip
i~arm~casr~
ya
; ,
I- c ~YCY




i


AMIT*"&.AN PLACT WE'M #1


HIH 85F


' 1-~ ~V I IC
0llll



I I'Il~l


arrived to find that Maycock
was no longer in his cell.
An investigation launched
revealed that officers had been
either paid, or promised pay-
ment in return for Maycock's
release, The Tribunie was
informed.
According to a well-placed
source within the Police Force, a
massive investigation is under-
way into the matter. In fact, the
source, said, two persons are
expected to be taken before the
courts "very shortly."
While the amount of what
monies were promised is still a
matter for debate, sources allege
that the sum is within the range
of reportedly $15,000 for each
SEE page 11






SBy ALISON LOWE
Tribune Staff Reporter
alowe~tribu nemed ia. net
A WOMAN is in custody
today in connection with a
spate of robberies through-
out the Palmdale area _
thanks to The Tribune and
an alert receptionist.
The suspicions of a recep-
tionist at Rainbow Dental in
Palmdale were raised on
hearing a woman try to
make an appointment under
the name of "Saunders"
SEE page eight


s By CARA
BRENNEN-BETHEL
Tribune Business
Reporter
R ND was br k
Coast, the new $70 million
gated community in South
Westridge fully owned and
developed for Bahamf'an
families.
The property will feature
126 lots on 37 acres with a:
combination of single fami-
lies residences and town-
homes. The development
will feature a playground, a
retreat park, professional-
ly, landscaped common
grounds and is right on
Lake Killarney and the sur-
roundmngdwetlands. Jd
Accor ing to Juy
Munnings-Deveaumn, the
pE den eo JeM eRe l
the project, the British West
Indian Colonial styled sub-

"big yard" communities.
It is meant to attract up
and coming Bahamian fam-
thies as well as retirees.
We are very excited
about this project, not only
because of the beauty of the
setting with nearly six acres
of preserved natural wet-
lands, on the lakefront, but
because every conceivable
square inch from planning
to design to execution is
being designed by Bahami~
ans," Mrs Munnings~
Deveaux said-
She added that there is a
SIEE: page eight


!~ '-Fu'al~
rt'


08


FRIDAY, MARCH 7, 20


PRICE 75


M By PAUL G TURNGUEST
Tribune Staff Reporter
pturnq uest~tri bune med ia. net
THE Royal Bahamas Police
Force is expected to charge a
number of persons who are
accused of allowing themselves
to be bribed by an alleged drug
dealer at the Elizabeth Estates
Police Station earlier this week.
According to initial reports,
drug accused Melvin Maycock
Sr, who police have sought for-a
number of years, had been
arrested by police last week in
what ,was seen as a great coup
for the~force.
However, after being secured
at the police station, it was not
more than 24 hours later that
Drug Enforcement agents



airlifted to

PMH after

being shot
By TANEKA
THOMPSON
Tribune Staff
Reporter
tthompson@
tribunemedia.net
AN EIGHTEEN-YEAR-
OLD resident of Freeport
was airlifted to the Princess
Margaret Hospital early
Thursday morning after
being shot in his right fore-
SEE pae 11


Bethel hits out at
former PM and
his Cabinet over
Baha Mar project
** TLANSKA~ rjIQON
tthompson@tribune'media.net
EDUCATION Minister Carl ~ l ~
Bethel berated former prime min-
ister Perry Christie and his Cabi-
net Thursday for delaying the lp
Baha Mar project more than a
year and a half after the funda-
mental terms of the Supplemental
Heads of Agreement were sub-
mitted to them.
Speaking from the House of
Assembly yesterday, Minister
SEE page eight

Severe weather

on Grand Bahama

AI By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock~tribunemedia.net
FREEPORT Grand Bahama experienced severe thunder-
storms, heavy rain, and even possible hail activity on Wednesday
evening.
The severe weather conditions caused flooding and brief power
outages in areas throughout the island.
According to weather officials in Freeport, a thunderstorm cell
moved over the island, bringing heavy rainfall and lightning.
Although there were reports of hail in the western area of Grand
Bahama, weather officials could not confirm any hail activity.
Trynad Tynes of the Grand Bahama Weather Department
reported that 2.2 inches of rainfall were recorded by the Freeport
Weather Office at the Grand Bahama International. Airpoi~t.
SEE page eight


nrbune


The


BAHAMRIAS EDITION.


ificr 11CiP 1


Fites 0 S8


SPleasant Bridg~ewater
'was on lookout for vote
planting in election'

T\BRnENS af ERe~porter
bdean~tribunemed ia.net
PLEASANT Bridgewater
told the Election Court yester-
day that she was on the lookout
for vote planting in the Marco
City constituency during the last
election.
The statement emerged in
relation to a house at No. 91
Adventurers Way in which
Charles Lowe, a voter being
challenged by Ms Bridgewater,
was registered.
Ms Bridgewater claims the
residence -was -dilapidated and
not inhabited during the rele-
vant six-month period~ before
the general election.
Fred Smith,1lead attorney for
Zhivargo Laing, suggested to
Ms Bridgewater that not only
did Mr Lowe live at the loca-
tion, but he directed her to the
names of three other people
Rodrigo Scavella, Felicity
Brown and Javaugha Ldwe,
who aido were listed as having
resn darn el adone other
names,- Ms Bridgewater
remarked to the court that she
should have challenged the
names' Mr Smith mentioned

SEE page 11

Laing storms
Out of House

18 TOW With

Frank Smith
MBy PAUL TURNGUEST
ptun q st~r ne e a net
MINISTER of State for
:::me outhof t Hous e
Assembly yesterday, challeng-
ing the PLP MP for St Thomas
More, Frank Smith, to follow
him and make his assertions of
corruption in the public domain
so that Mr Laing could take
legal action against him.
Obviously agitated, Mr Laing
jumped out of his seat and chal-
lenged the MP to meet him out-
side of parliament and make his
accusations there.
Mr Smith, at this time, was
still on his feet, making his con-
tribution to the resolution of
the Ba2ba Mar debate. While not
spealdplg to the Baha Mar deal,
SE;E page 11


IllVeStigation claims alleged

drug dealer paid police to

be freed from custody





Health Mini ter underscores the




importance of preserving wetlands


SDr. Hubert Minnis speaks of the


1~ /possible impact of global warming


aBy MATT MAURA
THE threat of climate change
as a result of global warming
and the negative impact it can
have on low-lyinig countries
such as the Bahamas makes it
"very important" for the coun-
try to preserve its hills, wetlands
and ecosystems, Minister of
Health and Social Development
Dr Hubert Minnis said.
Addressing prliament on a
resohttion for approval for the
Treasurer to sell portions of
West Bay Street, the Cable
13each median, the Sir Cecil
SWallace Whitfield Centre, and
the Cable Beach police and fire
statoom tor te Baai Mr Desay'g
the protection of the wetlands
has3 soba pipnton yn a devel-
including the one proposed by
Baha Mar as they are critical
to the country's short, medium
and long-term survivability.
"Qur wetlands assist with
Groundwater replenishment and
water purification and minimise
the possibility of. flooding and
that is a great concern to com
Smunities such as the con-
Sstituencyl of Killarney~." Dr Min-
n~ris told House: members.
S"The, wetlands are home to
Small forms of wild birdsl, various
species of wildlife and several
species of fish' which all play a
critical role in nmaintaiing the
balance of the country's ecosys-
tems.
"Once orie cam appreciate the ,
:value and nature of wetlands,
they will understand why wet-
lands and those types of things
that should not be touched," Dr
Minnis added.
Th~e Minister of Health and
Social Development, whose
Portfolio includes the envuron-
Iment. said there were some ini-
Stial concerns that the wetlands
in the Baha Mar development
area would be filledi in".
DrMlin'nis said the western
part of New Providence is


"The wetlands are home to all forms
of wild birds, various species of wildlife
and several species of fish which all
play a Critical rOle in maintaining the
balance of the country's ecosystem."

Dr. H~ubert Mllinnis


*In brief

Business as


:,**b al again


Abaco branch
COMMONWEALTH Bank
announced yesterday afternoon
that its Marsh Harbour, Abaco
br=nchg isperating nonnally
The branch was closed yes-
terday morning as an apparent
electrical problem caused
smoke to appear to fill the
building.
"Prompt action by the man-
ager, Ms Jacqueline Estevez,
and her staff prevented any
utpunies to staff and customers
and damage to the building,"
said the bank in a statement.
The branch was re-opened
shortly after 1pm, after being
inspected by Fire Branch offi-
cers and local electricians.
Commonwealth Bank oper-
ates branches in New Provi-
dence, Grand Bahama and
Abaco.


o HP8




The Tribune wants to hear
from people who are
making news mn 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


Recruitnmat Drive

who? Creye & Ma~~i~nteanc
when? We~d, Marc~h 12, 20081
thnea 9 ia~m, 2 p)~m,
whereP Wen~dy~'shompFson Blvdt


Compnetitive\F Salary
On the Jobti Trainingb~
Managwfemtnt o~pportunitiae





Afontification ard~ yetto rseor,


I~T~ ~~Blr~I II -


i!.
ocd"- S spri.,.. 0 ...........;........;...Pr1,2,15
1~~~.;Wh ht~t-ioz;,r.,.... ....................3 c 1,4


111 1=1 I Ilr lII I I I I I I II Ir~


I-- -- .... JI-I- __ __ ~_~ _ ~. I---plc~--


PAGE 2, FRIDAY, MARCH 7, 2008


THE TRIBUNE


already low and currently expe-
riences some degree of flood-
mng, and that such a step would
only make this worse.
He said persons living in
Grand. Bahama and Long
Island who have experienced
severe flooding, can speak not
only to the devastation that can
be caused in terms of damage to
housing, agriculture, livestock
and infrastructure, but also to
the "psychological impact" it
can have on human bemngs.
Fle said' the preservation and
conservation of the wetlands
can also have a positive impact
on the economy of the Bahamas
through eco-tourism earnmdgs.
Dr Minnis said he was "very
Happy' to have been informed"
that Baha Mar will provide $1
million for the development,
preservation and conservation
of 71.4 acres of "sensitive, envi-
ronmentally friendly wetlands"
within the constituency of Kil-
lairney, provided the develop-


ment proceeds. Another $1 mil-
liori, Dr Minnis said, is sched-
uled to be used to establish a`
foundation that will be respon~
sible for ensuring the sustamn-
ability and integrity of those
wetlands.
"It is important ,for us to
remember that the entire
Bahamas is considered a coastal
zone which means that with all
the climate changes that are
occurring today and the seas ris-
ing and glaciers melting, that
the Bahamas is further prone
to flooding," Dr Minnis added.


CFAL's comprehensive pension consulting services can help
you design and manage~a group retirement plan that's exactly
right for you and the individual needs of your employees.

And with our secure online pension management system,
sponsors and employees have account access at any time.

Call us today. We'll tailor a plan that's right for you and
your employees.


Brokerage &( Custodial Services I Investllnun C'J .T)?~r aj'-1.l

Nassau T: 242-502-7010 F: 242-356-3677
Freeport T: 242-351-8928 F: 242-351-4050
info@ctal.com I www.ctal.com


CFA L '"


















Wholesdalr: No grounds ~

for salmonella c oneer n


Ne 9 Shipments Arrived





Hurr y, Hurr y, Hurr yand

G et You ur First Ch o ice

FOr Easy Financing

Ba nk A n 1/2 Inrantce


4 On Premises
Chec k Our Prices
B 9fore bu ying


www.biodiesel.org. It is a clean
burning alternative fuel which is
environmentally friendly,
biodegradable and non toxic.


COLLEGE ROAD TRIP NEWl id5r 3:40 WIA 6:15 8:35 10:35
1:00 3:35 WIA 6:10 NIA NIA
NO COUNTRY FOR OLD MEN C WIA WIA WA NIA 8:25 10:45
VANTAGE POINT C 1:20 3:50 NIA 6:20 8:30 10:35;
JUMPER .T i:10 3:30 WIA 6:0 8:30 10:30:


___~


B8 1 st SBUS & I uc k e.; Lt I
IVo it f0se Avenue

Ph 10nea:3 22-172 2 Fax : 32 6- 745 2


Surprise dr
in US crude o

supplies




not to boost

production



SBy TANEKA THOMP)SON
Tribune Staff Reporter
tthompson~tribunemedia.net
INTERNATIONAL oil
prices hit an unprecedented
$105 a barrel yesterday the
day after a surprise drop in US
crude oil supplies and a deci-
sion by OPEC not to boost pro-
duction, the Associated Press
reported.
Oil prices hit a record $105.10
a barrel, and earlier in the week
a previous record set in 1980 -
during the Iran hostage crisis -
of $103.76 a barrel was sur-
pasdsed, international reports
sai .
The steady climb of interna-
tional oil prices has many mn the
Bahamas wondering what the
efect w lbe oneectrin t6,b lse
mvr u ea scs th06 a e
increased by around 67 per cent.
According to BEC's Fuel
Surcharge Chart, this month's
surcharge will increase to $.1649
Tfrom $.96735 in March 2007.
In February, BEC's fuel sur-
charge was $0.164, a significant
increase from the fuel surcharge
in February, 2007 of $0.098638
and the surcharge of $0.097073
in February, 2006.
In January, 2008 BEC's fuel
surcharge was $0.14945, a 50.7
per cent increase over the pre-
vious year's surcharge of
$0.09914. The surcharge was
$.108948 in January, 2006.
Decosta Bethel of BEC told
The Tribune that while fuel sur-
charge in reses are cl rsel
oil internationally, the effects
of these spikes will not be seen
immediately.
"The fuel surcharge (which
is used to calculate electricity
bills) is tied to the prices that
BvECt hs copaythor Cu.Hpow-
for fuel will always lag behind
what you see reported in the
news today about rising crude
oil prices".
"What happens is that the
refinery buys that crude oil at
the reported price, stores it for a
number of weeks before selling
it to (local fuel providers) who


OPEC PRESIDENT and Algeria's Minister of Energy and Mines, Chak-
lb Khelil, speaks at a news conference following a meeting of the min-
hseris of tthes irg nzat nonof Petroleu dExepsoding Countries at their


FRIDAY, MARCH 7, 2008, PAGE 3


THE TRIBUNE


SBy ALISON LOWE
Tribne taf R pa nter

teAa OdAhLatwhlesoale I es:
nella contamination, which
prompted a recall of certain
Aunt Jemima products in the
US this week, are not applicable
to the same products imported
into this country.
The US Food and Drug
Administration issued a recall
on Tuesday for Aunt Jemima
pancake and waffle mixes
because of the potential health
hazard.
However, Marcian Cash,
sales and Marketing manager
with Thompson's Trading -
the sole distributor for Aunt
Jemima products in the
Bahamas said that Aunt
Jemima's parent company, Pep-
si, had assured the wholesaler
that the suspect lots were sepa-
rate from those exported to this


region. Thompson's Trading
supplies both the Super Value
and City Market chain of food-
stores.
Mr Cash added that con-
sumers can rest assured that
whereas with certain other
brands, which stores in this
country will sometimes import
directly from the US rather than
through a wholesaler, or from
other markets, with Aunt Jemi-
ma products this does not tend
to occur thereby making it yet
more unlikely that any conta-
minated product would have
reached our shelves.
According to the U.S. Cen-
tre for Disease Control, Salmo-
nella is a bacteria that can cause
diarrhoeal illness in humans.


The elderly, infants and those
with impaired immune systems
are particularly at risk of a
severe illness if they come in
contact with the germ.
"Most persons infected with
Salmonella develop diarrhoea,
fever, and abdominal cramps 12
to 72 hours after infection.
"The illness usually lasts four
to seven days, and most persons
recover without treatment.
However, in some persons, the
diarrhoea may be so severe that
the patient needs to be hospi-
talized.
"In these patients, the Sal-
monella infection may spread
from the intestines to the blood
stream, and then to other body
sites and can cause death unless


the person is treated promptly
with antibiotics," explains the
website.
The U.S. FDA lists the affect-
ed products as: five pound box-
es of Aunt Jemima Buttermilk
Complete, number 30000 43272;
two pound boxes of Aunt Jemi-
ma buttermilk complete, num-
ber 30000 05300; two pound
boxes of Aunt Jemima Origi-
nal, number 30000 05040 and
two pound boxes of Aunt Jemi-
ma Original Complete, number
30000 05070. The lots are
stamped with expiry dates of
February 8th 2009 or February
16th 2009.
No illnesses have yet been
reported in the U.S. in relation
to the recalled products.


-~


$

I $ i


~c



-"sre


10,000


8:35 1 0:45


0 2:8 10:4th


MPHENTON NEYMOUR (above)
recently said that government was
working with a special BEC com-
mittee to explore the possibility of
using alternative energy sources
such as biodiesel.


A GENERAL view of thie meeting of oil ministers of the Organization
of the Petroleum Exporting countries at the OPEC's headquarters in
Vienna, Austria, on Wednesday. Chakib Khelil, president of OPEC said
the cartel is shying away from boosting production due to extiecta-
tions that global demand for crude will fall during the second quar-
ter. Khelil's comment helped to halt the slide driven by investors still
betting the cartel will boost production to bring prices down.


bP


recently said that government
was working with a special BEC
committee to explore the possi-
bility of using alternative ener-
gy sources such as biodiesel to
mitigate rising oil prices world-
wide-wide.


US recall of certain Aunt Jemima

pfOducts 'not applicable to Bahamas'


NEW 1:00


WA 605


WIA 8 600


L ar ge S h ipm en t


0 Se dCars


IN ST 0C K






SC 0ME CHEC K


i,









~1=(~~1413113=~'11~11=133)11~~1=


The Tribune Limited
NULLIUS ADDICTS JURARE IN VERBA `MA GISTRI
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.,PM. bs. /EL r 72-


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


firstf ilaptis't Chfurch


"Hope Like An Anchor
Holds To The Unseen:'


PASTOR EARLE PRANCIS J.P.,D.D.
""arrgfO a ,~:3C;InS r to essor


O LUAI ~lLIMITEDYO
#1 AUTO DEALER! IN TH1E BAHA A
EAST SHIRLEY STREET 322-3775 325-3079
1~l.*. ror sla nes -~ .t r, .l''rL A1 :'s tle(F.eep- I) Lld IJor1 5.1.10< diuis uns Hwy,. 352 6122
or Abote Motor Moll. Don Modl(ay gird. 367-291 6


PAGE 4, FRIDAY, MARCH 7, 2008


incident that it rears its head.
At best, The Bahamas Christ-
ianCou cH an dthe smu cel-

Crime", headed by Bishop
John Humes and Bishop
Simeon Hall, respectively, are
in my opinion useleys and a
waste of scarce resources.
Every so often, with all due
respect, we see and hear about
a "press conference" or a
"press release" by these men
of the cloth on selective issues.
The church is supposed to be
proactive but it has nzow
emerged as an ad hoc "hospi-
tal" for the spiritual dead and
the dying miscreant. Yes, they
will talk about "gambling" but
a lar e section of its member-
ship conduct raffles and bin-
gos each year. Why is it good
for a segment of the church
to conduct games of chance
but the minute someone
spends a dollar on a three or
four ball that everyone who is
in a robe or a long dress gets
all bent out of shape?
Because of these double
and triple standards, there are
no real and clear sb1utions to
the vexing problem of vio-
lence on our school campuses
and amongst our student aged
population. The presence of
armed police officers on our
campus, rightly or wrongly,
would send a strong message
to our "bad" children.
The FNM administration
and its Mirmlster of Education
must revisit this possibility as a
part of a wider attempt to
think outside of the prover-
bial box. They cannot just
repeat, ad nauseum, the
mantra that there is no need
for po ice o ficers in the
schools when they do not have
a single clue as to how to curb
and reduce violence on our
school properties and the
nearby environment. .
The Hon Carl Wilshire
Bethell (FNM-Sea Breeze) is
an ambitious man and one
whom I believe aspires to the


EDITOR, The Tribune.

I HAVE never been a sup-
perstener nan u lo0Ids hoo se
especially here in New Provi-
dence. My opinion, for a long
time, was that it was inappro-
praste t~o o?!!"" be nA li
puses.
Like many Bahamians over
forty years of age, I was of the
view that the Christian based
values' which are taught to us
by our parents; teachers and
older relatives, were sufficient
to instil in our school aged
children the necessity of good
behaviour; social skills and the
creation and maintenance of a
safe learning environment.
In recent times, since the
beginning of this blessed year,
we have been shocked by see-
ing and hearing about the
apparent murders of at least
three of our school aged chil-
dren. One stabbing occurred
on or ve na to b I oo
campus.erynntehr oca cue in
the parking lot, allegedly, of
a food store. It is also alle ed
that one of those stttdents was
shot and killed while at a bus
stop in the heart of the down
town area.
Regardless, however, to
how or where a child (or an
innocent adult) is mowed
down, in the tender years of
his/her life, we, as a nation,
must stop; take stock and turn
back to our ancient landmarks
and foundational stones.
Crime is not an'd should not
become a 'political football'
or fodder for bogus commen-
tary by our political and reli-
gious` leaders,
With some three to 4,000
known churches in The
Bahamas, it is totally incon-
ceivable that we would have
recorded some 80 homicides
in 2007 and have now reached
number 13 unless than the first
three months of this year.
Some might say that I am
seeking to 'bash' the collec-
tive church but they would be
wrong in the extreme.
The beef that I have with
the collective church is that
when one needs to see, hear
and feel it, it is only after an


high office of Prime Minister
itself. He, just like the Hon
Tommy O A Turnquest
w IMMN Moirh) our est
ister, cum Immigration, has a
date with destiny.
Bethel must, in short order,
preseo t vabni aad io 1
reduce and eliminate school
violence. If he fails to do so
before the middle of this year,
he may as well kiss his pursuit
of higher office good-bye. If
one more student were to die,
while at or near to school,
Bethel will not be treated
kindly by the Bahamian elec-
torate. He mutst be ever mind-
ful that he secured his return
to Parliament just by the skin
of his teeth.
Turnquest cannot and will
not succeed as Minister of
National Security. He simply
lacks the persona of someone
who is to be taken seriously
as chief law enforcement offi-
cer of the nation. Perhaps, he
is just too youthful looking
and, perhaps, unfairly, too
many regard him as a privi-
leged young man.
It is his historical opportu-
nity, if he has the fire in his
belly, to secure his place on
the greasy pole by getting
firm gip -(Just'like 'fhe lidi's
paw) oncrime andthe paid-~~
sive fear of crime. If he' suc-
ceeds, his' chances of taking
over from the current Prime
Minister, over the course of
the final years of this final
term, would be better than
those of any challenger.
If he fails, however, or if the
homicide rate for 2008 is
greater than 2007, he too may
as well kiss his ambitions
good-bye. I urge that senior
armed police officers be
returned to the school cam-
puses immediately, especially
during the morning hours;
lunch time and immediately
before schools are disonssed
for the day. To God then, The
Great I Am That I Am, in all
things, be the glory.
ORTLAND H BODIE JR
Nassau,
March 1, 2008.


PIEHM*WNIU

CARS & TR UCKS

For the best deal in townr on

pre-owned cars, with warranty!


NNONN WI


STO OT
'00 HYUlNDAI ACCENT
'01 HYUNDAI COUPLE
'04 HYUNDAI SANTA FE
Very low mileage, very clean
'06 HYUNDAI ELANTRA very clean
'06 HYUNDAl TUSCON 'GLS


THE NEXT big debate is going to be the
redesign and beautification of downtown and
the removal of the container port from Bay
Street.
There are two points on which all agree.
The revitalisation of Bay Street is urgent and
the removal of the shipping facilities is a part
of that urgency.
There are those who say that the south-
west is a superior location to Arawak Cay
for the new port, and there are others who are
pulling for an Arawak Cay location.
Because of the urgency of the exercise
and the many other pluses going for it,
Arawak seems to be the most sensible loca-
tion, if only m ~the short term.
If the rejuvenation of Bay Street is to be
completed before the end of the year, Clifton
in the southwest seems to be out of the ques-
tion because it involves an even larger and
more complex operation than Arawak and
presumably cannot meet the completion
deadline.
Another advantage for Arawak is that
government would have to spend $400 million .
to buy the land of others in the southwest to
get the needed acreage for the new Clifton
port.
The plus for Arawak is that go rnment
already owns the land and $4miilodi' ane
chalked up as savings t~~tf~tla:ifif~e~l:ier ,
Environmentalists will have to study the
reef formations in the Clifton area, especial-
ly after last week's grounding off Goulding
Cay of the large oil tanker, Ficus, with 120,000
barrels of oil on board.
Although damage is yet to be assessed,
environmentalists are concerned about the
possible damage to endangered species of
coral that grow in the area. Creating a port to
service even larger container ships invites
increased marine traffic to the area, and an
even greater threat to marine life. Is this
wise?
There are also many commercial consid-
erations, one of them being the rising cost
of transporting goods that extra distance.
Arawak Cay is a shorter route into town,
and less time spent on the road for business
persons collecting their goods.
According to government, for the present
no container will be allowed to be moved
during the day. "That's very positive," said
Charles Klonaris, chairman of liassau
Tourism and Development Board, "and fur-


their to that, no containers will be visible on
their properties.,,
He said that they are encouraged that gov-
ernment "is moving forward expeditiously
and feel that they've really speeded up the
process of revitalising downtown.
"There is the drive to move the containers
out of Bay Street in as short a time as possi-
ble," he said. .
"It is practical, and the timeframe for mov-
ing these containers is right now."
Once they are gone, he believes, Bahami-
an businessmen will turn their attention to
upgrading their own establishments and cre-
atmng a new Bay Street.
We understand that there are three inter-
ested groups that have proposals to put
before government. the Hutchison Wham-
poa group out of Freeport, Mediterranean
Shipping Company, and Tropical Shippmng,
representing the Nassau-based shippers.
Shipping has always been Bahamian-
owned, spearheaded by old Bahamian fami
lies,
We hope that it will continue to be and
that the Bahamian group will be given a
favourable edge.
We also understand that whichever group
wins the contract the building of the new .
port wBl cost the Bahamas government noth-~
mng.
!; 'ThidBahamian group's only reqifest is that,
government provide 50 acres of land on Glad-
stone Road to hold the containers. In view of
the large concessions given to foreigners, this
seems a small request from Bahamian busi-
nessmen.
Although many believe that the Clifton
site is preferable probably on the premise
that "out of sight is out of mind" it is felt
that the Arawak site is feasible for at least
another 10 years.
According to Dr Earl Deveaux goverl-
ment has been told that the shipping compa-
nies could be open within six months at the
new location. However total completion time
would be 18 months.
With that out of the way the next order of
business will be green spaces for Bay Street
which will mean pedestrian areas cobbled
stoned, said the Prime Minister because
greenery and cars' exhaust fumes don't mix.
This should give Bahamians something to
look forward to in addition to giving an added
boost to our lagging tourist industry.


EVEN IN


EDITOR, The Tribune.

..IHeAN Baha Mar fo

ho;ting the Town Hall Meet-
The development as a
whole is much better than I
anticipated, especially if they
fulfill their promises of the
wetlands park, and include the
bike track I requested!
However, I was not particu-
larly happy with the answers
to my questions.

1)a chd nthrebuild a bridge
or tunnel to connect Skyline
Drive, so that the thousands
who drive here would not be
inconvenienced by the few
who wish to play golf?
A) Too expensive!

restoredand he a ot o
removed?
thA Y s (with applause from
th g wud e a d t


3,600 rooms' occupants, din-
erS, and the thousands of
sa ?No plan! Adding to our
listing landfill which is

After the meeting I spoke
to Mr John Pagona, who stat-
ed that incineration was an
option.
I wonder though if he is
aware of the three-year EPA
plan The Bahamas has com-
mitted to?
Incineration is not recom-

bal redly rs vrc ogroup
thatlIknow of.
Two of our biggest assets
are the clear skies, and clean
ocean, something that cannot
co-exist with incineration.
Where would this incinera-

tonnoccu chael Road with
theC Sw re trea ment pant?
should have been aware of the
Town Hall Meeting too, as the
development plan to put the
sewerage treatment site there!
I wish I had also asked
where the staff will be park-
ing?
SARA A'PPLETON
Nassau,
February, 2008.


'99
'02


THE TRIBUNE


r etur ned to





(he SC h Ol


Container port pros and cons


Baha Mar development:

Unhappy with answers

to my three questions


i F1-I"""""


5 CUBE $353.oo

7 CUBE $445.00

9 CUBE $522.00

15 CUBE $650.300

25 CUBE $5995.00


SUZUKI GRAND VIT~ARA 3dr
SUZUKI G RAND VITIARA 5dr
'03 SUZUKl BALENO
'95 TOYOTA AVALON












I a


THE TRIBUNE


FRIDAY, MARCH 7, 2008, PAGE 5


E:.7Senator

pledges energy



} ....,:,.""; go vt of 'g
from Argentina SENATOR Frederick hear some startling revelations,"
McAlpine accused the former Rev McAlpine said.
WCARACAS, Venezuela government of "gross negligence" One resolution conveys an
during the Senate debate on two 11.80 acre territory in the Propel
PRESIDENT Hugo resolutions which convey prop- Water Work Tracts. The other
Chavez pledged Thursday erty to the Ministry of Housing. resolution conveys a 23.91 acres
to supply Argentina with He said the PLP's lack of trans- of land in the Pride III subdivision
enough energy to stave parency and inability to manage to the minister responsible for
off recent speortages, while funds leaves a bitter taste in the housing.
Argentina s leader vowed mouths of the Bahamian people Rev McAlpine said that hous-
to hlp Vnezela eet and all those who expect and ing for those who are of low and
to hlp Vnezela eet accept good governance. medium financial status is a major
its :f~od needs, according "This is just housing. You priority for the new FNM gov-
to Associated Press. wouldn't like to know what's ernment.
Argentine President been going on in some other "Our government is aware that
Cristina Fernandez's gov- areas. But mama told me time the citizenry's greatest and sin-
ernment offered to help longer than rope, and in time the gular most important investment
supply Venezuela with Bahamian people will see and is that of possessing their own
milk, beef and other sta-
ples that have been spo-
radically hard to find in *iv i e s e
markets. Availabilit 1 CU 11C S S
could be strained further
if Chavez follows through *
on his threat to slash com- d t o e i e
mercial ties with Colom-
bia amid a diplomatic cri-
sis, i By DENISE MAYCOCK
Venezuela also invited Tribune Freeport Reporter
Argentine energy compa- dmaycock@tribunemedia.net
ny Eergi Argntin SA' FREEPORT Five businesses were completely destroyed by fire
or Enarsa, to take part in shortly after midnight when flames swept through the Auto Trader
a~heavy crude oil project Building on Oak Street.
mn th~e lucrative Ormnoco Although investigations are still continuing, it is believed that light-
River basin. ning from a severe thunderstorm on Wednesday evening may have
"'All the oil that been the cause of the fire. .
Argentina may need for The building, which is situated in the Industrial Zone area of
all this century, Cristina, Freeport, is estimated to have sustained several hundred thousand
is here in Venezuela," dollars worth of damages. All the merchandise in the businesses was
Chavez said. The same is lost.
true for natural gas, he Superintendent of Police Basil Rahming said the fire started inside
added. the bdiilding, which is located behind Stac House. A passing motorist
ah .rsdnt pk alerted fire officials who arrived at the scene around 12.45am.
The pesidnts pokeFiremen were still at the scene during the day extinguishing the
after signing a series of smoldering fire and tending to hot spots.
accords, including an In addition to the Auto Traders repair shop, Mr Rahming said, the
agreement to set up a other businesses in the building sell electrical supplies, offer welding and
joint venture between iron work, and rent out sound equipment.
Evarsa and state-run oil "All of the establishments lost their entire inventory to the raging
company Petroleos de inferno," he said.
Venezuela SA. The warehouse, which is owned by Lester Smith, was insured but
its contents were not.
w n rnual s yI drs tMr Rahmn said f re official 1 ye so far been unable to determine
energy shortages in However, it is suspected that lightning may have been the cause.
Argentina that briefly "While the cause of the fire cannot be determined until sometime
dIg~ sgle factories ang ,.:, after the~blaze has, been completely extinguished, police suspect that a
natual-augoere..ta( .severe thunderstorm with vergheavy lightning activity that lingered
]} over 'tkeliere'kort~ area for most of the night, may have contributed to
the destructive blaze," he said.



.NHP808 ASSOCiati0H memil8PS pay












MEBR FteNre soito adacourtesy call on Governor General Atu an tGvrmn






House yesterday.~


home. Our predecessors in
office's desire to build homes was,
nor is, greater than our desire to
see Bahamians in their own hous-
es," he said.
The senator said the PLP wants
the country to believe that they
did such a great job in terms of
hpusing but fail to mention at
what expense.
-"I, similar to many other
Bahamians, feel that the former
government administration has
been playing with the intelligence
of the Bahamian people; or they
simply felt that they were clever
than everybody else and the rest
of us are fools."
He said that during the 2002
campaign, the PLP promised that
they would end the exemption on
the payment of stamp tax for
houses up too $250,000 for first
time owners,
"That was their promise, not
ours," Rev McAlpine said.
He pointed out that the PLP
won the government and passed a
resolution to implement the tax
exemption; but the resolution
passed in 2002 ended December
31o the deception to the peo-
ple by our forerunners is to make
believe that we took away this
exemption that they approved
only for a limited time. They pro-
claimed they did it for the poor,
and that they're the only party
for the poor so they believe.
Ironically, they thought the poor


open for interpretation".
"Either way, they fumbled the
ball on this matter.
"We have recovered and we
intend to make a touchdown in
the Ministry of Housing," Rev
McAlpine said.
He pointed out that $172,800
has already been spent on hous-
ing in three scattered sites in New
Providence, which cannot be
recovered because the minister
of housing does not have the title
for these lands.
"We're not trying to cast blame
on our predecessors as much as
we're trying to inform the
Bahamian public as to why we
are where we are in the Housing
Ministry," Rev McAlpine said.
The senator said that the gov-
ernment has many good plans
that it would like to execute mn
the area of housing for the
Bahamian people, including:
reducing the downpayment
required for government guaran-
teed home mortgages to five per
cent of the total cost of utility
connection and other fees and
charges.
Odutrd g nmden i mete e
long life dreams fulfilled in the
area of housing for all Bahamians.
After all, the present prime min-
ister was the first minister of
housing; as he was successful and
committed thkn he is committed
now to leading this charge
through his minister," he said.


would only be a round for five
yars. Jsus taught medbetter than
Rev Mc~npaino sad that in his
estimation, they would have made
this resolution for five years
because they intended to use it
as a political "manipulation or
football; or perhaps they them-
selves knew the importance of
this tax to the treasury of the
Bahamas and had intended to
mvrothei mtvasC wr its n


~r

RtlDEF(t~llFit~k~i


'.'Si9


-rres~
ar
.B ab
j~dt

ia
rr*
~6~1~
Lr~,c.



ps
h E




p~
L
a


I


@ TOYOTA moving forward


CAII~J1 .




The Toyota Camry sets a new
global standard for safety. A more
comfortable cabin offers superior
design amenities, generous
legroom and a bigger trunk. And
the fuel-efficient 4-cylinder, 2400
cc engine gives up to 34 mpg
(EPA highway rating). Available
options include V-6 engine, and
right or left hand drive.



Sat 8am 12noon (

E-mail: execmotor~batelnet.bs
Parts and service guaranteed


EXECUTIVE
All new Toyotar vehicles are backed by a 1M T R T
3-year/60,000-rnile factory warranty.


Visit our new showroom at the Al-JiO MALL on
Shirley Street and test drive the new Toyota Camry.


A UTHORISED) TOYOTA DEALER


Available In Grand Bahama at Quality Auto Sales (Freeport)* Queens Hwy, 352-6122* Abaco Motor Mail, Don MacKay Blvd, 367-291 6


~ccuses former





oss negligence '


i~~r ~1


Saturday, April 5, 2008



Ride for Hope itsA chairitable bike-a-thonr
.open,to people of all ages .and cycling abilities.



and to help and inspire others who cannot.


anid cancer treatment programs.

We ride to raise hope and awareness.

The distance you ride is entirely your choice. Every Par-
ticipantt has a highly plersjonalized journey. You are not in
a race. You are under no pressure to finish quickly.

Stagring Area:
NorUI E/eui~era Aiport
Star t 8:301 am

"A weekend to remember ...
An experience you wllnever thyget!"


www.rl~deforhope~bahamas.com
Emaik= infoWrdeforhopebaha mas.com
Tekt 382-8254


When a car becomes more.





I


Ride for Hope charitable bike-a-thon

to be held in Eleuthera on April 5


INTERNATIONAL. BANK


CAREER OPPORTUNITY

For

Manager Loan Review / Control &
Custodial Services Centre
Qualifications

* Attained minimum Bachelors Degree
* Previous experience in customer service and credit / lending environments,
preferably within the financial service industry. Knowledge of the policies of
the other functional lines.
Comprehensive knowledge and understanding of the Bank's bookkeeping
and office procedures.
Sound understanding of Operational Risk, Compliance and Information
Technology issues

General Requirements /Responsibilities:

Implements and manages the agreed operational processes in the Upnit.
*Ensures adherence to Firs'tCaribbean and departmental policies and
procedures.
Monitors SLhs w thin all departments and ensure high standards of workflow
and the.provison` o sli8Crfiprwayrespones- eustomner queries rece~ived. ;~i'1;`~:
*;.. .Contin~ppp~~uallyrevileuIs MA& tieo entire they! alw~ays remani tully;
~nporbe othfp t and,:;ecyjig! an~d support ouLr quest to' be :,
First choice for Customers. ~
Identifies, plans and iniplements opportunities for improvement in product,
service and general operations management
Controls and monitors the Unit's budget and human resources requirements.

y you are interested:

Submit your resume private & confidential in WRITING ONLY before
March 20, 2008 to:
Ms. Robyn Joh so
Human Resources Business Associate
FirstCaribbean International Bank (Bahamas) Limited
P.O. Box N 8329
Nassau, Bahamas

Or email: Robynn.Johnson(alfirstcaribbeanbank.com


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

Vacancies are open to Bahamians only .


"This is a

Super reward
for Our
children, who

juSt WRnt 10
have normal

thingS life
BlOSt lads do*

Patrice Mack

Mrs Kirkby said Kelly's then
stepped in to assist by donating
a new 27-inch Toshiba flat
screen TV.
"We approached Kelly's, who
always help us at the home, and
I told them I have $300 and if
they can you help me get a TV,
and luckily they said yes, and
now we have a whole game set-
ilp," she said.
Home administrator Patrice
Mack said she is grateful for the
donation and said that it will be
used as an incentive and reward


I


~~ ~T-~J'rr~ +C 1 TLTLrL-~~(~L
r
r ,ruur


PAGE 6, FRIDAY, MARCH 7, 2008


Last year, the company partnered with Sun
Te: En roinePt dpinso dhe 'Cuiaf r the
Breast Cancer Awareness Month.
As a part of the event, Kerzner hosted the Nas-
sau-based breast cancer support group 'Sister-
Sister' along with the Susan G Komen for the
Cure affiliate group based in Miami and Fort
Lauderdale, Florida to a special walk along Par-
adise sland
Aside from Kerzner International, some of this
year's main sponsors of the 'Ride for Hope' annu-
al fund-raising event include Odyssey Aviation,
Bahamas Ferries, the Royal Bank of Canada,
New World Aviation, Pictet Bank and Trust, the
Lyford Cay Foundation, VMG Racing,
Holowesko Realty, Holowesko and Company,
RBC Global Private Banking, Thyme Online and
Goodfellow Farms.


n e ner Int rnathoenal is joinighcorporate art
cancer survivors in the Bahamas through the
highly anticipated 'Ride for Hope' charitable
bike-a-thon on April 5.
This year, Kerzner International will sponsor
the aprbs ride reception in addition to sponsoring
a team of up to 30 riders for the annual fund
raising event.
Proceeds from the bike-a-thon, to be held in
Eleuthera, will be donated to cancer care cen-
tres and cancer treatment programmes in the
Bahamas.
Kerzner International's senior vice president of
public affairs Ed Fields said, "We are pleased to
be able to contribute to this event, while at the
same time promote fitness and community spirit.
We also find it appealing to be a part of a com-


The bike-a-thon will start at north Eleuthera
and the course runs south until Palmetto Point,
where the riders then turn north and ride back to
the starting point, although riders have a choice of
what distance they wish to ride.
Last year's Ride for Hope event raised more
than $200,000 for the Cancer Society of the
Bahamas, and involved a hundred cyclists who
collectively trekked 4,000 miles along the route.
Over the past several years, Kerzner Interna-
tional has made significant contributions to assist
cancer survivors.


munity wide partnership that seeks to lessen the
burdens that others must endure."
Fields also announced that an anonymous
donor has pledged $100 per rider for all of Kerzn-
er International's riders who participate in the
event
Referred to by organizers as "a truly inspiring
weekend," the annual Ride for Hope event which
is open to all, celebrates the lives of cancer sur-
vivors and those that have lost their battles to
the disease, in addition to raising awareness about
cancer in the community.


GOODWILL GESTURE: Pictured at the donation are (left to right) Sarah Kirkby, GBCH board member, Hubert Wild-'
side, Mydella Wildgoose, Keva Higgs of Park-n-Shop; Patrice Mack and Caron Smith, Grand Bahama Children's
Home administrators; and Kelly's John Doherty, divisional manager.


for the children. "They will be
rewarded with the use of the
PS2 for keeping up their-good~
grades or for special occasions.
This is a super reward for our
children, who just ?want to)hai~i~"
nonnal things like most kids do.
"We want to thank Park-n-
Shop, Kelly's and the anony-
mous family who made this all
happen," she said.
Mrs Kirkby said the board
and the administrators have
been very pleased with all the
help and support they have
been receiving lately.
"Most people think that we
have everyday items, but with a
lot of kids come a lot of wear
and tear, and donations like
these make a real difference,"
she said.
She said game ~donations can
also be dropped off at Barefoot
Marketing by contacting 352-
4578.
The home currently has 24
children. It is supported by a
government grant and dona-
tions from the public.
Persons interested in assist-
ing the home can contact the
administrator at 352-7852 or
352-6076.


ABY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tributemedia.net

FREEPORT The kind-
hed8ted actioxis of a Freeport
family and two local businesses
have resulted in a generous
donation to the children at the
Grand Bahama Children's
Home.
Sarah Kirkby, GBCH board
member, and administrators
Patrice Mack and Caron Smith
accepted a brand new colour
TV and Play Station II video
gamle console on behalf of the
children at the Home.
Mrs Kirkby said the donation
initially came about after she
was approached by a parent at
her son's school who wanted to
assist the home-
"A parent at my sontshsch I
gave me $300 to buy te c i-
dren at the home something
fun," she explained.
"Around that time I was
wr ing with Mr Russeellhaod
brought some Play Stations and
Nintendo Wiis in for his Christ-
mas Promotions, and I said that
our kids would love one of
those and he just gave it to me."


THE TRIBUNE


Kerzner ignites 'flames of hope' to aid cancer survivors


registration card, and Police Character
certificate to our:


Humdn Resources & Operations Manager
R! O. Box SS-6326
Village Road Nassau Bahamas.
Tel: 393-5310 Fax: 393-8094


Deadline for Application is IVoarch 14th, 2008.


Best Buy Furniture and Master Technicians Ltd.
are Drug Free Employers, and we are
NOW HIRING suitable applicants
as DRIVERS, WAREHOUSE ASSISTANTS .
and SALES REPRESENTATIVES.


Please submit Resume, along with first four
(4) pages of Passport, National Insurance






Master Technicians




3931-531 0 ~p
1 ...4 r


Village Road 394-2378





'It's time to get serious



about training seafarers'


Local maritimescolofr



associate degree L


CHIEF OFFICER Allan Boctot with students Johnless Metellus and Kendall
Knowles.


,~e~aa


i


FRONT VIEW of the school, locat-
ed in the Pinedale area.


Hurry in! Right Now is the best time to get

your bestr deal on a new Ford vehicle,










Credit Suisse, Nassau Branch

Private, Banking


is presently considering applications for an



IT Project Manager

The position is open to candidates with the following minimum requirements:

o Qualifications:
At least Five (5) years experience in Project Management
At least Ten (10) years experience in Investment and Private
Banking Applications
Bachelor of Science degree in Computer Science or equivalent
Knowledge of IBM and Microsoft Platforms
Experience in budget control
Internal and External audit

+ Personal Qualities:
Excellent organizational, interpersonal and communication skills
Good technical and problem solving skills and experience
Ability to work under pressure and with minimum supervision
Enthusiasm, a positive attitude and willingness to work flexible
hours as overtime

+ Other Duties:
IT Risk Management
IT Governance
Business Continuity Management
Ensure compliance to IT guidelines / directives
Other duties & projects assigned by the Country Chief Information
Officer

o Benefits provided include:
Competitive salary and performance bonus
Pension Plan
Health and Life Insurance
Ongoing internal and external career development/training
prog ram


APPI ICATIONS MUST BE IN WRITING. Persons not meeting the minimum
requirements need not apply.

Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas


;Illl[l-l[lllrll~;ll1111 IIIIIHYI~;LllhYI~III;IC~lllhYhYlllanl]YY


*~~li
a:-~ ,~aB~ ~
:'zg i,;i.
l"r"~~
i*~ - r-:..!.
r-~?: ;. .: ~ *-
i1
b; i : .
r:i
'? ;!f: : 'i I '

'.
:0: ''
i i
.r:
-*
-r-*~-1. .-ra
X" '' :';'
..:
*i m
',"ii: Q~ii~iiain~:B~thamian-Chin8se proverb SO
~:lij:i::~'- -- --"
'i

"5ome mouths seeje to be filled
.~ .i
t~, ":;i .i
L .. r. Ir


FRIDAY, MARCH 7, 2008, PAGE 7


THE TRIBUNE


iAg tOoCA econmpanyo say tat
and faa nb Utng a Mient tha
is time the Bahamas gets serious


(BMTTAS), the first maritime
school in the Bahamas, is offer-
ing associate degree programmes
in marine transportation (AMT)
and marine engineering (AME)
in addition to the boatmasters
course (Class A up to 500 grt,
Class B up to 100 grt), and basic
marine safety and hospitality
courses.
"BM'ITAS envisions itself to
be the driving force in successful-
ly educating marine engineers,
deck officers and related industry
professionals with internationally
recognized training and experi-
ence that enhance the safety of
life and property at sea while pre-
serving the environment," said the
school in a statement.
The school's mission is to pro-
vide cost-effective technical and
academic courses to empower
Bahamians to become a part of
the booming shipping industry and
give them the chance of an excit-
ing and adventurous career at sea.
"Our training and school cur-
riculum is based on the courses
and requirements of international
ag ements a qut professional
"The equipment, manuals and
materials used, are in accordance
with national and international
requirements.
"Our goals and business policy
are subject to the idea of training
highly qualified ship personnel, to
ut he~andt por id sklle ad
motivated seafarers for the domes-


~2007 FOMB EV~EslWS

t~l~c \ 31,20000.


Automatic












) 20 08 4 DR
FOFI'R MNGW

'? .i: 0 .*3,30000

2.5L Common
Rail Diesel,
C~pBE~~Automatic


I %a~ i a
CAPTAIN Anthony Allens, Port Authority Controller, receiving a course syl-
labus frorninstructor Co:ra Batallones


tic and international market," the
school said.
The school is working with the
Bahamas Port Authority, the Min-
istry of Education, the Ministry of
Tourism and the Maritime Affairs
Division and also co-ordinates
A thorth Patnania Mar time
national accreditation.


the refmned seek to be satisfied"


Literally meaning "to touch the heart," Chop Stix proudly introduces
our new Dim Sum menu. Try our sumptuous selection of small eats
like Avocado Egg Rolls, Crab Wontons, Peanut Butter Dumplings,
Lobster Shumai and a variety of noodle bowls. All of our Dim Sum
is enjoyed best with Yum Cha (tea drinking).


Friday & Saturday nightS
10:00 pm 1:00 am

Sunday afternoonS
12:00 noon 3:00 pm

For reservations please call 363-2000 ext 29


,--


~a:;3


DEADLINE: 19th Mnarch, 2008


programmes


,


Y..- ~ q
I _-Y~a~hlRlisl


B ~iJg~


e -


.









I ~

I~r~~ll~l:


Grand Bahama weather

FROM page one
He explained that a large thunderstorm cell moved from the
Gulf Stream and straight across to the island, bringing thunderstorm
activity, heavy showers and lightning.
"'We had a frontal boundary that was supposed to move over the
island during the night period, but it stalled out and all the activi-
ty we experienced was due to this stalled frontal boundary that we
are still feeling the effects of today (Thursday)," he said.
Mr Tynes said that they could not confirm ally hail activity
because they did not observe it in their vicinity, and no reports were
made to the Freeport Weather Office.
However, Freeport Meteorologist Donna Duncombe said that
with thunderstorms there is a possibility of hail depending on the
strength of the thunderstorms.






BAHAMJAS' OLDEST MORTUARY
MARKET STREET P.O. BOX OTt-2097 TEL: 32835782


emptied petty cash tin in the
bathroom just as she had done
with the office manager's purse
at the Bahamas Foot Centre.
According to an employee
at Ramnbow Dental, the culprit
remained "very calm" when as
many as six police officers
entered the office yesterday
morning. She eventually spoke
up only to deny her guilt when
the assistant whose wallet she
had emptied said she would
like to press charges,


GrOund broken

On $70m gated
COIRIUnity

FROM paeone

demand for affordable, high
quality single family and vil-
la residences in a secure com-
mumity.
"I believe we are building
more than bricks and mortar
here, we are creating safe
haven where families can
thrive," she said.
Mrs Munnings-Deveaux is
the daughter of the late Per-
cy Munnings, and has spent
her career in construction
and has contributed to or
conceived from start to
move-in the developments of
East Park Estates, Southern
Heights, Twin Lakes and
Sunset Park.
Works Minister Dr Earl
Deveaux congratulated
J.EM. for its work, particu-
larly as a Bahamian company
seeking to provide means of
economic empowerment for
Bahamians through home
ownership
.He encouraged Bahamian
financial institutions to find
cr at e waf rtoq fan e

Bahamians and for contract_
trs toaalso find more afford-

lower the cost of homes.
As for the government's
role, Mr Deveaux, said, his
mninists vi is: 'LW~brk~i~g4 4 01 .
streamlining the process of
approvals and implementa-
tions,- so that they casgoras:
qu ckly astpsitbhle.prjc s

ideally located, close to air-
port, Baha Mar, Albany and
the Cable BeachlLyford Cay
economic zone where there
are many opportunities for
employment and entrepre-
neurs ip.
su it g the peoasitioan ofK lhe
larney, Dr Deveaux, pointed
out that as beach front access
disappears, persons wfols e
out lake' front access, fr te
tranquility it provides.
The subdivision was mni-
tially unveiled with a soft
opening followed by an open
house of its first model with
30 lots selling the first month.
Smece then, there have been
several additional sales and
home prices, that started at
$245,000 have climbed to
$330,000 for a three bed-

narl2 ,6b0h qare fet tenh
tral bank and nine ft ceilings.
Lot prices start at $90,000.


Wulf Road&8Pinedale
Tel 323-3800 r322-1431*~Fax: 32848852



Bernadette

Atilus, 51

an frdeeerly o Jan asbel Hati, wil
be held at Metropolitan Church of The
Nta%3ereeatE tStreetOSata Mar h
Rev. Dr. Jean Paul Charles assisted
bntreoen folw in W odlw nG p e
Soldier Road.

Left to cherish her memory are her mother, Izelia Atilus;
'rnmohr e'liO nci ence chi dr Benc id ?Ia
daughter, Monique Alcy; Claudette Pqeirre, and Nerline Joseph;
sons-in-law, Shawn Smith, Gulller Therodis, and Garath Rayan;
-daughters-indlaw- Miriam Louis and. Regined.? t.isp-sisters,
Aii FIor c drndSt 'HiliaE Ailus; b~r others, St Hi in, St il~i e
Charitable, Maxine, Kerline and Phirana Atilus; brothers-in-law,
Samuel Louis; and St. Julien Senatus; grand children, Brittney,
Jahmal and Ja uan Smith, Jerry, Bensly, Sally and Marcus
Louis; uncles, 180ravien Dossouis, St. Haman, Mericidien and
Cegilus Atilus; aunts, Elaine and Elizabeth Dossous, Angela
Senatis, Mericile Toma and Vilcius Choute; nieces, Rosenie,
Anelisa, Ysemanette, Joslia, Aciline, Dieudila, Gladys, Ysana,
Wilmide, Chelone, Sandia, Miley, Dianna Suze, Tatianna'
Kethe, and Daline; ne hews, Wander, Diory, Watson, Lamenet,
Elean bWaly, Johr ilna Wnasnd Bedy ,ond Wt oe, W Is n
Merifranc Snatus and family, Chavannes Atilus and fam ,y Waner
At ls anhd fmiy 1unn us Ailus ad family are uesnnd rsaind
Elisnot Sanatus and family, E dura Sentus and family, Louvinne
Jodseph, Hercul Rosenne, Christiane Atilus, Mertilia Maurepass,
Juliette Atilus and Alisna Choute; godchildren, Elphie Faugue,
Scuntia Senatus, Jonis Petit Homme and Louisina Noel; other
relatives and friends including, Anthony Estime, Rev. Dr. Jean
Paul Charles and fam y, Celimise Octelus, Micius E~stime, Deacon
Yves Cherenfent and family, Deacon Rigueur, Dieujuste and
family, Deacon St. Hilaire Sana and family, Deaconess Philomene
Guilee and family, Rev. Bazile and family, and Deacon Jean Paul
Derlius and farnil members of Berean Evangelical Baptist
Church, Aleria Va mera, Limage Lutcuma, Benot Jr. Baptlste,
Frisnel Charles, Paul Joseph, Julrista Joseph, Molicer, Kalatine,
Louisina, Andrine, Elphie, Janine, Selina Cartwright, Jackie,
Kathlean, Stacy, Melissa, Justina, Ida, Camilise, Kelly, Northe'
Patrice Rahming, Patrice Major, Rosie Datus, Nathan and Corey,
. the Housekeeping staff of the Cove and the Sandals family.
Friends may pa their lastres ects atRockOfAges Funeral Chapel,
Wulff Rd. and Pinedale on Friday from 10:003 a.m. to 6:00 p~m.
and at the church on Saturday from 12:00 noon until funeral time.


The fine line of General Electric appliances found at Geoffrey Jones cater to today's busy households

and fit every lifestyle. Our wide variety of GE appliances are designed to suite your needs, providing the

ultimate in convenience, performance and style. With the best that technology has to offer, competitive

pricing and a full service department, Geoffrey Jones is your ultimate appliance centre.


I


PAGE 8, FRIDAY, MARCH 7, 2008


deception.
Nassau businesses were
warned by an employee of one
of the affected firms to be on
the alert after the fraudster,
giving the false name of "Saun-
ders", tried to make an
appointment at several offices
- the Chiro Therapy Centre,
the Bahamas Foot Centre and
Green Leaf Designs. Employ-
ees at all three places recalled
her distracting staff with
detailed conversation about
anything from the items the
store stocked to her or her
rno hel' soa ledeailmentsd f

minutes before finally leaving
with one, and on another occa-
sion, two surreptitiously stolen
wallets at a time. During two
hits, she claimed to be a police
officer.
It emerged yesterday that
the same woman had in fact
targeted an even greater num-
ber of businesses last week
than had originally come to the
public's attention and yet
more since the story appeared
in The Tribune this week
detailing her escapades,
The same day as the story
was published, she booked an
appointment under the same
false name at Dr Sidney Sweet-
ing's dental office, leaving an


....--


Street, on Saturday at 11:45 a.m. Officiating will be
Fr. Michael Kelly, ss.cc. and. Msgr. .Alfred Culmer,
assisted by Rev. Deacon Peter Rahming, Rev. Deacon
Maxwell Johnson and Rev. Deacon Samuel Mitchell.
Interment follows in Catholic Cemetery, Tyler Street.

Precious memory will forever linger in the hearts of his
loving wife of fifty-two years,1rma; 8 children, Pearlie
Deveaux-Stubbs, Antonio, Brenda and Ricardo Deveaux,
Linda Francis, Samuel Junior" Deveaux, Dominic and
Jermaine Deveaux; one sister, Inez. Deveaux-Brown; five
brothers, Edward "Sharkie", Ivan and Johnathan Deveaux
of Freeport, Grand Bahama; Levi Deveaux of New York and
Emmerson Thurston; 12 grandchildren, Carlesia BurroWS,
Genell Sands, Georgia Robinson, Tavares and Tavia Nottage,
Krysta Moxey, Brandon Deveaux and Tiana Williams, Dr.
Don Diego Deveaux, Antonia Deveaux, Liam, and Danica
Deveaux; two aunts, Lucy Knowles and Marguerite Horton; I
four brothers-in-law, John, Lambert and Lance Majror, I
Daniel Pinder, Vincent Brown; nine sisters-in-law, Beverley, I
Florence, Biana ad l- Cathy- ~va veaux Ar geb~-'thurston,
Lillian Miller, Mary Lyn and Viola Major and Gwendolyn
Turnquest;-two :-sons-in-lawi Stephen Francihande~eogery
Stubbs; two daughters-in-law," Stephanie~ Devearux and
Helena Deveaux; four great grand-children, Teni and Carlit0
Burrows and Dylan and Leah Sands; two grand son-in-law,
Tenir Burrows and Carlos Sands; numerous nephews,
nieces and other relatives and friends including, Ricardo
Williams, Ricardo and Dion Deveaux, Giovanni Deveaux,
Tony, James, Jackson, Christopher, William, Gaylleen and
Linda Deveaux, Garnell Pouchie, Marsha and Kim Johnson,
Emrrterson, Damien and Damon Thurston, Maxie Kemp-
Forbes and Wencil Morley, Meredith Miller-Stubbs and Kevin
Miller, McTair, McDonald and McLyncia Major, Stephen and
Tex Turnquest, Cheryl Deal and Dot Isaac, Dasiano and
Dwayne Smith, Demetrica Smith-Amalee, Camalina Pinder-
Bowleg, Portia Major, Advardo Major, Cyprianna Williams and
Wanda Major-Mcintosh, Harry Horton Jr., Dorothy Roberts
and family, Roscoe Francis and family, Minister Dorothy
Stubbs and family, Donna Williams and family, Eugene K.
Robinson, Margaret 'Muggs' and Gregory Robinson and
family, George 'Sweet Boy' Robinson, George Robinson Sr.
and family, Claudette Bannister, Minerva Finley and family,
Rudolph Adderley, Corese Culmer, Lawrence Major, Lincoln
and Wendal Major, Olga Turnquest, Granville Antonio and
family, Leroy Brooks and family, Dan Moxey and family,


JONES (& CO


THE TRIBUNE


"fo*rme"LMan
his Cabinet over

Baha Mar pro ect

FROM page one

Bethel argued the inability of the
PLP to close the deal before leav-
ing office in May 2007 almost cost
the country the $2.6 billion rede-
velopment of the Cable Beach
strip.
During the exchange, Mr
Christie accused the Member
for Seabreeze of attempting to
mislead the House and misrep-
resent the former administra-
tion.
SIn his contribution to a reso-
lution yesterday, Mmnister
Be hel raidt ele tereadbdr ssd

toMa li te eindaed EceBary

25, 2006 which revealed the
developers were unhappy with
the PLP's handling of the deal.
and were considering terminate
ing their involvement.
"I wish to be very clear and
very frank. Unless your govern-
ment delivers on the much
advertised partnership between
the government and Baha Mar,
I am seriously considering
whether investing billions of
dollars in this country is the
right decision," Mr Izmirlian
wrote.
The letter continued that if
the early February (2006) time~-
frame was not met, Mr Izmir-
lan wudt tnornm taerroah sand
"best efforts" for three years
the then government had failed
him.
"I certainly do not want to be
known as the developer (and
I'm certain you don't want to
be known as the prime minis-
ter) that lost Caesar's and Star-
wood. Today, more than ever
before, I need your unambigu-
ous support, Mr Prime Minis-.
ter," Mr Izmirlian concluded.
After tabhing the letter in thb:
House yesterday, Minister
Bethel charged that if the PLP
had approved Baha Mar's
d velorn wa ld no facing
a threat of a recession mn the
USa su npime mortgage and
an international (credit) liquidi-
ty i Minister'Bethe~l, "Had.
Pe~i Gladstone Christie
94 yr rmment donetheir
duty when Baha Mar was
imploring them to do so way
v~~aek-nJn~8lic'in8P Jng g6-
Smore thar twyo yars ago n our
the condition that it is in.
He also accused the former
administration of "negligently"'
agreeing to sell the Cable
Beach golf course and other
land knowing developers
intended to move the course
from its current location and
use the land for condominium
developments.
inHeechare thheoPLPeo acti
tive Covenants included in the
1952 conveyance of Crown
Land. At this point Mr Christie
rose to his feet, objecting to Mr
Bethel's statements.
"They are trying to ridicule.
m government usin wrong
information. It is wrong, it is
disgraceful and I want to be
able to establish it right now.
And a former attorney general
should know better," said Mr
Christie.
During his contribution Min-
ister Bethel also defended the
prime minister's questioning of
Baha Mar's capability to
finance the $2.6 billion develop-
ment in Cable Beach while
accusing the opposition of
attempting to gain "political
brownie points" by criticising:
the prime minister's position
taken on the matter. .,
He said Prime: Minister.
Hubert Ingraham's remarks in
the House of Assembly on
Wednesday were an expression
of "prudential doubt" based on
a letter dated Februa~ry 20, 2007
from the Ministry of Financial
Services and Investments
signed by Sir Baltron Bethel
which stated the former govern-
ment had "'not received satis-
factory evidence that Baba Mar
has obtained adequate financ-
ing for the project. To date no
commitment for financing has
been obtained. ..".




wanting the matter addressed-


publicly.
Despite these earlier doubts
the government "supports the
efforts" of BahaMar to redevel-
op the Cable Beach strip and~
anyone suggesting to the con-
,rr isa du y Bf "mischief-mak-
On Thursday, the House
passed the Resolution to authio-
rise the Treasurer to sell por-
tions of West Bay Street, the
Cable Beach Police and Fire
Station, portions of "Corridor
No 7 North" and the Cecil Wal-
lace Whitfield Centre to the
proposed developers of Baha


Woman is in custody in


CORnedliOR With robberies


FROM pae one

before requesting to use the
office bathroom. This is what
the woman did, as reported in
The Tribune on Wednesday,
before robbmng several busi-
nesses.
When the woman emerged
from the bathroom, the recep-
tionist quietly suggested to her
colleague that she check to see
if her wallet which was
located in a room near the
bathroom was still in her

u ending it was missing, the
receptionist and her boss
stalled the woman using her
own distraction technique -
casual chat while the police
were called to the office.
"I hadn't read the story
myself, but one of the other
dental offices called us up and
had told us about the informa-
tion that was in The Tribune,"
said the receptionist. "When
she said the name 'Saunders'
it rang a bell."
On Wednesday, it was
reported that a well-dressed,
"solid" woman in her early to
mid-thirties was brazenly rob-
bing employees in the Palm-
dale area of their personal
belongings, using trickery and


Samuel Theo

Bernard

Deveaux., 70

.a resident of #20 Kenilworth
Avenue, will be held at Our
Lady's of the Holy Souls
Catholic Church, D~eveaux


3~ '


,,













'IBAHAMAS ELECTRICITY C0RPORATISH

IR O. 8 011-750 0


BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
MARINE INSURANCE

TENDER NO. 659/08

The Bahamnas Electricity Corporation invites tenders fnrm eligible bidders for the provisions~ of
general insurances as described above.
Bidders are required to collect packages from the Administration Office,
Blue Hill &r Tucker Roads by contacting:-
Mrs. Delmeta Seymour
Administrative Officer
Blue Hill &t 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

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.


BtAHAMAS ELECTRICITY CORPORaTION

STENDFIR ]FOIR THE PROVI`SjbbION"OW GENEMlitIl fiNSUtAN ES
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 Adfministration
Office, Blue Hill &t Tucker Roads by contacting:-
Mrs. Delmeta Seymaour
Administrative Officer
Blue Hill &i 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 &t Tucker Roads
Nassau, Babamas
Attention: Mrs. Delmeta Seymour

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



BAHAMAS ELECTRICITY CORPORATION

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

TENDER NO. 658/08

The Bahamas Electricity Corporation invites tenders from eligible biddes fqr tajr of
general insurances as described above.
Bidders are required to collect packages from the Administration Office,
Blue Hill &t Tucker Roads by contacting:-
Mrs. Delmeta Seymour
Administrative Offker
Blue Hill &i 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. nd addressed as follows:
The General Manager
Bahamas Electricity Corporation
Blue Hill &t Tucker Roads
Nassau, Bahamas
Attention: Mrs. Delmeta Seymour

Marked: T'ender No. 658/08
"GENERAL INSURANCES ELECTRONIC EQUIPMENT & MOBILE RADIOS
The Corporation reserves the right to accept or reject any or all tenders.


BAHAMAS ELECTRICITY CORPORATION I

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

TENDER NO. 654/08

The Beha~m a Eecticty prainityCopratio ivie tenders from eligible bidders for the provision of
general insurances as described above'
Bidders are required to collect packages from the Admiinistration Office,
Blue Hill & Tucker Roads by contacting:-
Mrs.DehetaSeyour
Blue Hill &t Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852
Tenders are to be hand-delivered on or befom
28 March 2008 by 3:00 p.m. and addressed as follows:
The General Manage

Nassau, Bahama
Attention: Mrs. Delmeta Seymour
Marked: Tender No. 654/08
GENERALL INSURANCES BUILDINGS, PLANT & MACHINERY"
The; Corparation reserves the right to accept or reject any or all tenders.


nAHAMAS ELECRICITY COPO~RATION

THTNER FOR TIHE~~~~~IIIIIII~~~~~~ PROVISION OY GENERAL INSURAirNCES
PUBLIC & EMPLOYER'S LIABILITY, PERSONAL ACCIDENT
AND PRIVATE CAR & COMMERCIAL VEHICLE

TENDER NO. 655/08

The Babamas Electricity Corporation invites tenders frm eligible bidders for the pmvision of
geneda insurances as described above.
Bidders are required to collect packages from the Admninistration Office,
Blue Hill &t Tucker Roads by contacting:-
Mrs. Delmeta Seymour
Administrative O~ffcer
Blue Hill &t 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
GENERALL INSURANCES PUBLIC &t EMPLOYER'S AND VEHICLES"
The Corporation reserves the right to accept or reject any or all tenders.


BAHAMAS ELECTRICITY CORPORATION

TENDER lIoR THE PROVISION OF GENERAL INSURANCES
MONEY & FIDELITY

TENDER NO. S65608

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

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


FRIDAY, MARCH 7, 2008, PAGE 9


THE TRIBUNE


I;, :'L
fL;~~q

BI "J





Child's Name: ParentiounL~ pn signature_

Address: Tel:


I I I-- - I -


t~ 0 O D 0 '1I JrI'IrII1I1t lrII1I


PAGE 10, FRIDAY, MARCH 7, 200E


THE TRIBUNE


's


I


1. Children ages 4-5, 6-8, and 9-10. Staff members and relatives are not eligible to enter.
2. Coloring may be done with crayon and other decorations. Adults or older child may aselet the child in filling out; the entry form, BUT NOT IN
COLORING THE ENTRY
3. Enter as much times as you wish. All entries must; be in The Tribune by 4pm on Friday, March 14. Winners will be announced Thursday, March 20,
2008. Look for your names in The Tribune or listen to 100JAMZ / JOY FM or COOL FM to hear your name.
4. There will be one first-prize winner, one second-prize winner and one third-prize winner in each age group.
5. All entries become the property of The Tribune and may be used for any purpose including, but not limited to, publication in a future leaue.


A e:


The










L


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


Mrs. Adderley will be greatly missed by her loving
and dedicated Husband: Kirkwood Adderle ; One
(1) Daughter: Joy D'Arville; One (1) Son: Sean
Adderley; Two (2) Granddaughters: Diandrea
D'Arville and Andrea Knowles; Tw~o (2) Grandsons:
Alexander Knowles and Rhoderique D'Arville; One
(1) Son-in-law: Capt. Rhoderi ue D'Arville* Twfo
(2) Sisters: Rachel Burrows and Asenath Cartwright;
One (1) Brother: Spence Cartwright; One (1) Aunt:
Ermie Cartwright; One (1) Brother-in-law: Garfield
Burrows; Two (2) Nieces: Elizabeth Rahming and
Antonia Burrows; Twofr (2) Ne hews: Francis and
Alexis Burrows; Three (3) Grandnephews: Andre,
Elliot and Aiden Rahming; One (1) Nephew-in-law:
Winton Rahming and a host of other relatives and
friends including: The Very' Rev'd Patrick and Mrs.
Astrid Adderle ad the Ch 'st Chu ch Cathedral
Church family especially the members of Cell
"G" and the entire Community of Deadman's Cay,
Long Island and others too numerous to mention.

Viewing will be held at the Chapel. of Butlers'
Funeral Homes and Crematonium, Ernest and York
Streets on_ Friday from 10:00 a.m. until 5:00 p.m.
.;


ITS SA TIME~ O)F JOY;) AND4~ JUSp~)i~dLATION!
IPS~ r GIO~NDi~~hO TTIJ F~


ON THE SPOT FINANCING WITH
Thompson Blvd.* Oa kes Field COMMONWEALTH BANK
SANPIN MOTORS LIMITED t. 242.326.6377* f. 242.326.631 5 INSURANCE AVAILABLE WITH
e. San pin@coralwave.com ADVANTAGE INSURANCE
BROKERS & AGENTS LTD.


bleysyid!


FRIDAY, MARCH 7, 2008, PAGE 11


FROM page one
pe= n who was allegedly
Maycock Sr has an mndict-
ment in the US and has been
on the run mn the Bahamas, and



Foreign Affairs Minister Brent
Symonette to personally infonr
him of his disgust in the matter.
However, the US Embassy's


FROM page one

larm, police said.
However, according to a
report issued by Chief Supt
Basil Rahming, up to press
tie ehsterdate roic hv
a dual resident of Sgt
Major Road, Freeport and
iLovve Sound, Andros -
received his injuries due to
Conflicting accounts" of
the events leading up to
ssh onr given eby wit-
We o nd 2i rpcm o
information from the Rand
Memorial Hospital that a

:ieun roumhtthhraedsu u r
,ing from serious gunshot
injuries.
pfit fcer ewt os te os-


CSP Rahming reported.
Police were alerted and
in an attempt to escape the
pursuing officers and resi-
dents, the suspects then
jumped overboard into the
sea, but were apprehended
as soon as they set foot on
the beach.
They are presently
assisting Marsh Harbour
Detective Unit officers
with their investigation
into this matter, CSP Rah-
ming added.


the victim and then later to
other persons who were
said to be present when the
shooting occurred some-
where in Freeport, said
CSP Rahming.
An intensive investiga-
tion has been launched into
this matter.

STOLEN BOAT
RECOVERED
THREE Abaco males
are in police custody at
that island, after being


arrested at Sandy Point
Wednesday night while
attempting to elude offi-
cers.
Around 8.05 pm
Wednesday, residents spot-
ted the men travelling
aboard a whitE ~twiii'-
engine 32 ft Century speed-
boat, named "Boogaloo",
which had been reported
stolen last Saturday around
4am, from a canal at the
rear of Cove House Con-
dominiunts in Freeport,


Antoinette Elizabeth
Adderley, 67
of Kent Avenue off Nassau East
Blvd. and formerly of Deadman's
Cay, Long Island will be held on
Satrday, Marh 08th,c 00h atd a,
George Street. Officiating will be
The Very Rev'd Patrick Adderley
Assisted by Rev'd Fr. Michael
Gittens and Rev'd Stephen
Davies. Interment will follow in
Woodlawn Gardens, Soldier Road.


?


1


~iis~;p ~ CXb~i~LC~ L~ ~
... i Ca f I !p:g;~ i
*rsdEi---e~:;~E ~a~~~BL*sPi'


MVarch 9-16, 2008 East Street Tabernacle


"W;IALK WCITH GOD"
Micah 6:8


GUEST SPEAKERS:

BISHOP DR. BRICE H. THOMPSON
General Presbyter
BISHOP STEVE MADRID
USA\ Regional Overseer
BISHOP TIMOTHY HARPER
UrSA Regional Overseer
and SISTER KAREN HARPER
BISHOP CLARENCE WILLIAIs
Nar nonal ove\rve' r I'li-rl- a c an !: l`i
BISHOP AMWOS CARTY, SR.
and MVINISTER DR. RUBY JONES-CARTY
sonasterr~nji In -esoenl ..ni .nll

Choir, the Raharnes Pullic_ rliirrl s Cho~r
and ol ther ChuI. h C h.vlrs nnci G~ ~r ups. ,.ng





Awcogopbahamas.org "
FOR LIVE WEBCAST EVENING SESSIONS ~





Brlag th~te amly


Monday. arch 1th, 2008
ANNUAL ADDRESS LIVE VIA RADIO
BABAMAS
Sunday, March 16th, 2008~
Annual Parade &: Water BayI' ma" 1 '-I I '-
the Western Esplanade.c foll. lb- I I?~ Z,S
Rad.io & T'.V. I3 evenmgy brce .. I Ir r--.c.
Final Message on Convention Theme:
'LAL IT OD il re ne I r : ;
Naint ""'" fcr -iho Ci I lnr


,4


The B-16 Sentra is built on Nissan's 'C' platform and offers a standard
2.0-liter 4c-cylinder engine, fuel-efficient Nissan Xtronic CVTfM
(Continuously Variable Transmission) and responsive handling. Inside
S60tf8'S spacious cabin are thoughtful and useful features, including
a 60/40 split double-fold rear seat, available hidden trunk storage
compartment and available integrated overhead compact disc holder.
The Sentra is also available with a range of unexpected amenities -
fanging ffom the luxury of leather-appointed seating to the
COnVe0180ce Of Nissan's Intelligent K~ey keyless entry system.


~8" r~,


-NF :~ : ;~iSa


THE TRIBUNE


CHRetng ailitil t 0




PMH after being shot


'Brilllll OfficOPS
Charge d'Affaires Dr Brent
Hardt has denied this report.
Dr Hardt said that Ambas-
sador Siegel had been out of



tional officers are expected to
be fired, or brought before the
courts in connection with this
matter.


Laing storms out of House

FROM page one

Mr Smith sought to imply that the FNM government was attempt-
ing to divert attention from accusations concerning Mr Laing and
the Custom's Department by pushing a legal challenge against
PLP Senator Pleasant Bridgewater into th~e public domain.
Mr Lamng has been criticised by Mr Smith for the lowering of
a Customs duty tariff on a drink that the minister's sister-in-law
sells.
The issue has caused much debate in the House of Assembly
since it first emerged a few weeks ago.
Since then, Ms Bridgewater has been slapped with a law suit
by the Bahamas-based Northern Oceamec Research and Tech-
nology Holdings Ltd and Florida-based Blue Hole Expedition
LLC in the Supreme Court. The suit alleges that despite
numerous requests, Ms Bridgewater has refused to return
$650,000 held in escrow by her law firm, Bridgewater and Co,
for the plaintiffs.
Mr Smith yesterday said that based on the timing of the mat-
ter, it was a "red herring" by the FN\M government to divert -
attention from Mr Laing's Customs matter.
However, Mr Laing has denied Mr Smith's allegations.
"That is utterly untrue, utterly untrue. And they need to go
and speak with who they need to speak with. It has nothing to
do with us. That's a matter between clients and their attorneys.
But the fact of the matter is that if Mr Smith has whatever evi-
dence he says he has, we are outside, Im prepared for him to
come outside and say what he has to say where he is subject for
libel, and subject for slandei: And let's see what kind of
courage he has in respect of that," Mr Laing said.
In response to this, Mr Smith would not make his accusations
again outside of the Parliamentary chamber, but rather only
reiterated that Mr Laing has questions that he "must" answer.
"We put some questions on th~e record itnd he needs to
answer them fully or bring the full report as promised," he
said.


Pleasant Bridgewater
FROM page one
also.
Ms Bridgewater said that she went to the residence in Novem-
Sber and December -2006 and also in January 2007. On one
Occasion she said that she went into the building and looked in,
and no one lived there. Ms Bridgewater added that the residence
had not had electricity for seven years.
Others, sent on Ms Bridgewater's behalf, also checked the res-
Sidence at "all hours" verifying that no one lived there, she told
Sthe court.
Mr Smith also challenged Ms Bridgewater on whether three
people on her list of challenged voters actually voted.
In the case of Abraham Cooper, Mr Smith suggested that he
Sdid not vote in the last election. To this Ms Bridgewater said she
Does not know if he did, but she put him on the list to be cau-
Stious. In the case of Analdo Cooper, when the same suggestion
was put to Ms Bridgewater, she said that he did vote.
Ms Bridgewater expressed the same certainty when she said
Angela Knowles voted, despite the suggestion to the contrary
Sby Mr Smith
Mr Smith and Ms Bridgewater also disagreed on whether or
:not Calvin Hart is a student studying abroad. Mr Smith sug-
gested this, arguing that during the relevant period, he was
not away from his No. 22 Sandpiper Lane residence in Marco
City for more than four weeks at a time.
Ms Bridgewater said that she knows him from the 2002 elec-
tion campaign and also knows some of his family, and he did not
live there during the relevant six-month period before the elec-
tion. She also rejected the claim that he was a student. Instead,
she said that he is inl the Turks and Caicos Islands with his
mother
Philip 'Brave' Davis, lead attorney for Ms Bridgewater, told
the court at the end of yesterday's session that he will be ready
)- to proceed with his case on Monday. Mr Smith still, however,
thas to cq~mplete his cross-examination of Ms Bridgewater on
iMonday whe~n the Election Court resumes.


LNUA'' NA'P INA~l

C ONVE NTII ON


"I i~] 18af JB' ~4;a
.1~e~ "a~-sPl~o~B,


;i
LI , ,%P~,(

:c'j


1 E~N TR~A








r(lr
~ llFrRair~m18r~~31~


AND THEY CALLED IT PUPPET LOVE


111
I:.


ENlDANGERED: A 50-day-old wattled crane, one of five critically endangered
bird species in the country, rummages for insects next to a puppet, left,
mimicking an adult bird, at the Johannesburg Zoo, yesterday. A conser- I
vation programme is being run in an attempt to save the~ species from
extinction as remaining populations face a major threat due to wetland ;
degradation-

AP PHOTOS: Denis Farrell


C~~ ""~c1~4~-"`~I""~` ~- ~~' ~~"~""~~~"~"~~~~~~I~~~' -r -1


PAGE 12, FRIDAY, MARCH 7, 2008


.Bi
d'
I
,~


tnL~er the @atrona~ge
of
%trs. Shawn *Turnquest et ~Mrs. Shiadyn Smithi


0 Grant Thornton

'The 4t~ li Car~yity~ Art ibition
IFrid~ay .starchi 7, 2008
6* ~00 p. m. to & 3 0p. m.
C'The cPledgewoodl @om, rt~rit~i ColobniaffBriton


(tProceed to support:
ie 9t~anfurly obme for Chibiiren
27e L~inkls Ilnc. 'lt'omen 's Safe House
a~phia q~i ffplia EdwationafSch~zrship (Fund'



SKt Stan ri~urnsile
Mr. antoni~o 90p6erts


THE TRIBUNE


ENVIRON MENTl~/MOTORING


Car makers show



greenest models


in anticiIp ation of


stricter controls


0H emlS510RS
SBy FRANK JORDANS
GENEVA
Car makers showed off their leanest, greenest mass-market
models yesterday in anticipation of stricter European emissions con-
trols as the Geneva International Motor Show opened its doors to
the public, according to the Associated Press.
A host of small cars are celebrating their debut in Geneva,
including production versions of Ford Motor Co.'s new, fuel-stingy
Fiesta and Toyota Motor Corp.'s three-seater iQ, and a concept ver-
sion of Fiat's 500 Aria. All three boast carbon dioxide emissions of
under 100 grams per kilometer, which will help those manufactur-
ers beat an EU proposal for a fleet average of 130 grams by 2012.
Environment ministers from the 27-nation bloc the world's
biggest consumer market with 490 million people met in Brussels
earlier this week to discuss the plan, which has ruffled feathers
among Europe's large car-producing nations such as Germany.
The environmental group Greenpeace says even tighter emissions
targets than those in the EU proposal are needed if climatechange
is to be reigned in. About 20 activists protested at the show on
Thursday morning, demanding that auto makers rethink what
makes a good car and calling for average fleet emissions to be
limited to 120 grams per kilometer by 2012, and 80 grams by 2020.
The Geneva show is traditionally regarded as the most level
playing field for car makers because Switzerland lacks its own
industry. Europeans will get their first glimpse of Indian manu-
facturer Tata's Nano, hailed as the world's cheapest car and due to
begin rolling off the production line by the end of the year. The pint-
sized five-seater will cost $2,500 plus tax and delivery, but will ini-
tially only be available in India while Tata works on improving the
car's emissions ratio and safety features.
Chevrolet too will be appealing to Eurobpeans accustomed to
driving smaller vehicles than their trans-Atlantic~ cousins.
General Motor Corp.'s top-selling brand is unveiling a three-door
version of the Aveo, which debuted in Europe at: last year's IAA
exhibition in Frankfurt, Germany, with a five-door model.
One of the loopholes to the emissions proposal' currently being
discussed in Brussels lets car makers pool their fleets with those of
companies producing more efficient vehicles.
Companies that exceed the limit would face stiff fines starting at
20 euros ($30) per gram per kilometer, multiplied by the number of
cars sold, rising to 95 euros ($144) by 2015. If auto makers pass this
cost on to consumers it would add hundreds of euros (dollars) to the
price of a car.
Low-volume manufacturers producing fewer than 10,000 vehicles
a year would be exempt, but major players such as BMW, Daimler
and Volkswagen would have to team up~with greener car makers
or improve their own fleet if they want to continue selling high-pow-
ered SUVs and sports cars in Europe.

















FAMILY GUARDIAN
INSURANCE COM PANY LIMITED


TOuifS11 gellerat11g

0110 11 every 1.6 t obs

SBy NEIL HARTNELL
Tribune Business Editor

THE, Bahamas is the sixth-most reliant nation in the world
for tourism to generate the bulk of national employment, an
economic study yesterday revealing the industry will gener-
ate 63.5 per cent of employment one out of every 1.6 jobs,
some 95,000 in total directly and indirectly in 2008.
The World Travel and Tourism Council's (WT[TC) tourism

showe thooauntias cn ioosed 1eic H n dou sm to gn
erate he eulkof d na final econani eutu nand os, ad
petitiveness.
Put simply, the WTTC study shows that if the Bahamnian
tourism sector loses its competitive edge in the face of inten-
sifying regional and global competition, and its product is not
improved, this nation's economy will struggle.
The WTTC research found that when it came to jobs that
directly and indirectly relied upon tourism, only Antigua &
Barbuda, Aruba, Macau, Anguilla and the Seychelles.were
more dependent than the Bahamas.
And this nation's reliance on the tourism industry to both
directly and indirectly generate the bulk of jobs in the
Bahamas will increase over the next decade. While the
Bahamas is forecast to remain in sixth place, by 2018 tourism
will generate 65 per cent or one in every 1.5 jobs in this
nation a total of 120,000 jobs.
When it came to direct tourism industry employment, the
Bahamas was ranked seventh in the world for 2008, with 23.6
per cent of its workforce directly employed in the industry.
SEE page 7B


GRA IUN %A
Turn Key Business



3 -i2Bed, 1 -1/2 both vrillas
Swimming pool,
250' protected marina,
Laundromat, Gift Shiop
& Storage~ Building


1 -2 Bed & 3-1 Bed units
FUlly equiplie & fumished
BEING OFFERED AS ONE PARCEL FOR

$3,500r000 gross
Contact: Sill Thornpson
ABACO REAL ESTATE AGENCY
Marsh Harbour, Abaco, Bohamas
Tel: (242) 367-2719 Fax: (242) 367-2359
www.abacobahamos.com


Cellegi 8 IS n his future
Reality Check.
You never know what's in yours.
.. His future and yours can be protected
with the right life insurance or investment plan.
Call or log on to www.familyguardian.com today!
















13ahaa'Healthl


ni~~ FAMI LY GUARD IAN
INSURANCE COMPANY LIMITED

SALES OFFICES: NASSAU, FREEPORT, ABACO & ELEUTHERA CORPORATE CENTRE: EAST BAY STREET, NASSAU P.O. BOX SS 6232


TRIB UNE


FRIDA Y, MARCH 7 2 00 8


ByNIL ATN
Tri.n uin
I~ditorsi
TH Iiitro ok



T Tribune Buiessul b


"more than happy" to place
the draft Contractors Bill on
the Government's legislative
agenda, but said the main
industry association had
informed him it needed
bneta m net obain rfeed-
Dr Earl Deveaux said the
Government "would very
much like to have it [all con-
tractor feed ack on the Bitl],
agenda", but would not
move forward without con-
sultation being completed as
it was an industry-driven ini-
tiative.
Describing the Bill as
bin a in toa "evj ro s"
rheCon rctr il iwas ni
was passed to regulate the
at s nctasn nenhg nter ng
gdhriven by professionals in
tosebin ustries.
"O viously, we dare
pautin git on t aend
once it would have come
from them," Dr Deveaux
said. "We can't take the lead
on it.
"Once they present it to
us, I will be more than happy
to build it into the agenda
and more than happy to
bring it to my colleagues.
But we will not bring for-

SEE page 5B


SBy NEIL HARTNELL
Tribune Business Editor

ALL litigation in the Grand
Bahama Port Authority
(GBPA) ownership dispute was
ordered stayed yesterday after-
noon by Supreme Court Justice
Anita Allen, who has ordered
both sides into mediation next
week in the latest bid to resolve
the bitter 15-month legal bat-
tie.
The Tribune understands that
the judge has ruled that if both
sides fail to agree on a mediator,
she will appoint one herself. (All
parties have also been gagged
from speaking to~ the media.
The stay is also understood
to apply to last week's removal
of the mnjunction preventing
Seashells Investments, the liold-
ing vehicle controlled by
trustees of the Hayward family
trust, from selln its 50 per cent
stake in Intercontinental Diver.
sified Corporation (IDC) the
holding company for the Grand
Bahama Port Auth~ority
(BPA and its Port Group Ltd
This would appear to lialt yet
agamn attempts by Flemmng Fam-
11y & Partners to acquire the



'CORCeTH' iOR

reputatiohal
effects: from

Film Stu ios

lease end

MBy NEIL HARThj$LL -
Tribune Business E'ditor
A POTENTIAL purchaser
of the Bahamas Film Studios
yesterday told Th~e ;Tribune he
was concerned aboqt the inter-
national movie industry devel-
oping a negative perception
about this nation's "desire to
develop a serious film industry"
if the Governmnent did not han-
dle plans to terminate the pro-
ject's lease carefully.
Owen Bethel, the Bahamian
banker who put together the
Bahamas FilmInvest Interna-
tional consortium that is'seeking
to acquire the Bahamas Film
Studios, said he and his group
were still assessing the conse-
quences of the Government ter-
minating the lease, as the Prime
Minister said it would do earli-
er this week.
Mr Ingraham, mn response to
a question put to him in the
H-ouse of Assembly on Monday
by West End PLP MAP, Obie

dios' immediate holding com-
pany] are in default on their
lease.


Morgan Stanley Barbary Beach
development and the Raven
harvoeubpen art on hl ni e
GBPA ownership dispute is set-
tied.
Recent efforts have involved
an 'open offer' submitted by the
St George estate to the Hay-
ward side to settle the litigation.
That was countered by a Feb-
ruary 21, 2008, letter from
Charles Mackay, Sir Jack's
attorney, to the estate's attor-
ney, Fred Smith.
In it, Sir Jack Hayward
offered to use his influence
with key companies in the

SEE page 7B


Seashells Investments stake in
the GBPA and Port Group Ltd.
Fleming submitted its applica-
tion for government approval
for the purchase last week, and
its plans for the GBPA and to
grow Freeport's economy,. last
week. It is likely that the appli-
cation will now be held up by
the court rulings.
The stay is also likely to mean
that the two sides mn the GBPA
ownership dispute the Hay-
ward defendants and the plan-
tiffs, the late Edward St
George's estate and his daugh-
ter, Caroline will have to wait
longer on Justice Allen's deci-
sion over whether the GBPA
receivers should pay a $12.1 mil-
lion dividend to its owners.
Other rulings that area also
awaited include JusticehNeville
GBPA receivers, BDO Mann
Judd accountants Clifford and
Myles Culmer, should be


removed.
The stay and mediation order
is the latest attempt to resolve
the GBPA ownership dispute,
and litigation, which was
sparked by Sir Jack ]Hayward's
claun to 75 per cent ownership.
The legal battle has been
deeply damaging for Grand
Bahama's economy, given the
uncertainty it has created
among investors. A number of
proposed projects, such as the


"The Government of the
Bahamas intends to terminate
their lease and entertain pro-
SEE page 4B


PM's Baha Mar

scepticism
may 'throw
wrench' into

rising business
confidence

SBy NEIL HARTNELL
Tribune Business
Editor
THE Bahamas Chamber of
Commerce's president yester-
day warned that the Prie Min-
ister's public scepticism over
the $2.6 billion Baha Mar pro-
ject could "throw a wrench"
mnto the improving level of con-
fidence among Bahamian busi-
nesses and investors, and urged:
"Gwe teshe pepe a shancb,,
ad "di myd" to hea M
Igraha'sa cmmentse@n the
House of Assembly about the
doubts he harboured over Baha
Mar's ability to provide $400
million in its own equity financ-
ing and fulfill all its obligations
by March 2009, Dionisio
D'Aguilar told The Tribune:
"My God, give these people a
chance.
"[The Governent attitude]
seems to be: we've approved
the deal, but don't expect it to
succeed. It puts a real damper
when the Governent stands
up udstado welfe ap ved hs

Ti e Chamber president said
the comments could impact
improving investor and
Bahamian business commui-
ty sentiment about the 2008
prospects for their companies.
oand the wie nBahamia ecn

tedw hvn een reersu b
Mar and Albany projects.
"Intestigml [b! businesses s
about ~onbdncec How ~coni-
dent do I feel about my econo-
my?" Mr D'Aguilar said.
"There's a certain element
o'. rio n business autb dan';
that ~risk in the psychological

SEE page 5B


Feuding Port owners



Or der ed into mediations


Stay on all litigation likely J

to halt, at least temporarily,

Fleming's purchase efforts















Restructure trad~i~ing processes


NO TICE


IN THE ESTATE OF MYRTLE M. REIMER a.k.a. MYR-
TLE REIMER late of 238 Butte des Miorts IX., Menasha,
Winnebago Country in the State of Wisconsin, one of the
United States of America, deceased

NOTICE is hereby given that all persons having any claim
or demand against or interest in the above Estate should
send the same duly certified in writing to the undersigned
on or before 18th April, 2008 after which date the Admin-
istratrix will proceed to distribute the assets of the Estate
having regard only to the claims, demands or interests
of which she shall then have had notice AND all persons
indebted to the above Estate are asked to settle such debts
on or before l8thtApril,2008.


V.M. LIGHTBOURN & CO.
Attorneys for the Administratrix
P.O. Box AB-20365
Second Floor
Damianos Building
East Bay Street, Marsh Harbour
Abaco, The Bahamas


THE CENTRAL BANK OF THE BAHMAS


Conterfeit Banknote And Introduction

TO Crisp Series Seminar



Place: The Central Bank Of The Bahamas Training Room,

Market Street And Trinityl Place Entrance




When: Session

March 13, 2008

From 11:00 A.m. To 12:30 P.m.




Apply By: March 10, 2008.




The seminar is open to banks and banking institutions, gov-

ernmnet agencies and corporations, private companies and the

general public. Applications will be taken on a first-comelfirst-

served basis, as space is limited.




Kindly indicate if you wish to attend,




Contact No.

302-2734, 302-2636, 302-2629


PAGE 2B, FRIDAY, MARCH 7, 2008


'i~4L~BL~l~i~C~lPIUsm~'~


APPARENTLY wor-
Aried about financial
turmoil in international markets,
a reporter recently asked me
whether I thought it was a good
idea for Bahamians to invest in
foreign stocks.
That was easy. "Sure, if you're
not in a rush", I answered.
"They're down now, but some
day they will come back they
always have and they always
will."
And, although I did not say it,
you can get out if you need to.
For any security listed on
exchanges such ai the New York
Stock Exchange or Nasdaq, you
can find a price at which to sell,
every minute of every trading
day. You may not like the price,


Of course, share prices can fall
as well as rise for fundamental
or technical reasons that's the
essence of a stock market. But
it's also the essence of a mar-
ket that buyers step in as sellers
abound and prices drop. We
don't see much of that happening
on BISX.
What can be done to alleviate
this situation?
Better information. Most list-
ed companies now promptly
publish financial information, but
it's amazing that we see no inde-
pendent commentary from secu-
rities dealers or analysts. Fideli-
ty used to publish periodic
reports with buy-sell-hold rec-
ommendations, but appear to
have dropped this practice. With-
out some expert advice, many

t o trading and more com-

Smarter investor decisions.
mn etos should avnoi c e he
company financial, and taking
the trouble to research buy/sell
orders.
A case in point is Common-
wealth Bank.
During the second half of
2007, everyone was a buyer,
pushing the price up rapidly to
nearly $8.50 with perhaps 'irra-
tional exuberance'. Come 2008
everybody became a seller, with
no buyers for two months.
This ws de lterthe schair-
showing distinct increases in net -
income, earnings per share, and
return on assets during 2007, and
announcing a higher dividend m
2008. What could be better?
(a y checking o e sel orders
helped him), a buyer could see
seadily cliwin piep Y
one bought until the price fell
below $7.
Unless buyers fear a general
cola eeincobon inth o to
like pretty irrational investment
behaviour.


Support from controlling
shareholders. All the BISX com-
panies are controlled by a single
shareholder or small group of
related owners, who have sub-
stantial resources. While they
have absolutely no legal obliga-
tion to do so, these parties might
find it a wise policy to bid for
their company's shares when
they see heavy unfilled sell
orders. This type of occasional
market support could have a
major impact on friendly share-
holder relations. Every company
must think about the future
when it might wish to raise more
capital by a new share issue, and
a satisfied shareholder commu-
nity will be essential.
Market-makers. None of our
broker-dealers holds itself out to


lao g- ime f tio of spseii shte
Echtahnge aNedwof m y delcek
fu-ms n UO and foreign cpitad
our local firms' reluctance to do
so given the thin trading levels
on BISX, and the danger of
bemng stuck with an ilhiquid hold-
ing. Nevertheless, it would be a
great boon to our capital mar-
kets if several financial mnstitu-
tions could pool their resources
to create an investment company
to intervene between buyers and
sellers. If well managed with rea-
sonable leverage, such a compa-
ny could be profitable.
It's often said that Bahamians
only invest in stocks to hold them
until death. Clearly, that's a half
truth: the preponderance of sell
orders shows that many share-
hor1 rs want and sme may
While BISX itself is a valuable
m yof our tradn temh i 2
must be restructured to satisfy
those on the sell side.'

the autho rs ottsh teatau cmpn
he controls invests in several
BISX-listed shares.


maybe far below what you paid
for it, but at least you can turn it
mnto cash within seconds.
That's a far cry from investing
in stocks that 'trade' if that's
the right word on our Bahamas
International Securities
Exchange (BISX). BISX is a
noble effort, supported by hard-
working management, but as a
true trading mechanism it's like
the well-known Potemkin Vil-
lage: the front looks great, but
the machinery behind is pretty
creaky.
Consider the market reports
in the daily press, which is what


the average innocent investor
rehies on. For each of the 19 list-
ed stocks he sees a price figure
under the heading 'Today's
Close'. A reasonable person
would think that means shares
could be bought or sold at, or
near, that price. Don't believe it.
That reference gives only the
price on the date when the
shares last traded, and ta ae
can be, and often is, months ago,
with the ancient price having no
relevance to today's tradable val-
ue.
To learn the true situation,
your innocent investor must do a
.7= =:::onwekt Bk (B)

BIX ebstka~ lc o
tohneCBL to get Listteod Issuers',
panly information then, finally,
on 'Open Orders', where he will
find the unpleasant truth about
From early January to Febru-
ary 27, 2008, Commonwealth
B dk s'Todad's Cose' pri
fact there were no trades at that
or ay rice and there were over
30 open (unfilled) sell orders
totan ooer r00,0 pshre c r
ing from $7.64 down to $6.97
Finally, on February 28-29, 2008,
trades crossed it around $6.95,
so at last we have an up-to-date
TT s sese an i toeale oedsit-
uation. For one of our most pop-
ular stocks, during a period of
neryp to m ths t a vesrds d
no trading, and was finally
ze laced by a pr ce nearly 7e
their portfolio in that period
including our licensed public
mutual funds who hold CBL
saes, would have arrived at
This informational failure


could be alleviated by simply
hsngn the edn 'Ta'

then t iel rdt ss thts ta

because set at unrealistic prices'
are 'stale' and do not get exe-
cuowever, these cosmetic
changes will not solve the basic
pro lem: the very existence of
ltar ,u torddatet 12 listed
companies (including such stal-
warts as FirstCaribbean Interna-
tiona a Bank ad FOCOL)
nhowevd hl vby 1e orB rs an
carried net buy orders. In a per-
fect trading exchange, these
orders would not exist for very
long, das e-ach one would be
caenat epctnthaht tor owrour i
the Bahamas with our small
number of buyers and sellers.
B teress somete nas wrong
sent, these orders remain out-
sadng mgor a fk an mont s
Most sellers are not simply.day-
traders but long-term investors,
who may suddenly face a real
financial need and ye min th
effectively frozen.


:CI
`x'
~.,:.
~;


*~~;~


I


I :
irg


THE TRIBUNE


to better 'sell'


capital markets


-.li ,rp .7:
r iiimaPoiiiliome all tolth`e
.:A&
"''
fii -r


Pun Rlledi


F d r aiSOl

10r the

Kills of the Ranfurls Home.


Your Support is well needed and
appreciated.


Come spend the afternoon with
your family & friends at this.
exciting event.
There will be games for the
children, food and beverages for
sale, and a Disney movie to finish
off the evening.


AII proceeds go to the Ranfurly
Home for Children.
Donations are welcome i!!!


Event is Mlarch 8th at 4pm and
tickets are on sale now. Kindly call
Jo~ey Premock at 322-3207, Chris
Premock at 357-4277 or Sean Raine
at 457-2433, or reply via email to


I I
;m'


this address,,to produce your ticket
? .FJ before~they are sold out.



We 100k lforward -~lto seeing you all th'erd!















Bahamas urged to




ban shark feeding


SBy CARA beach at a popular Bahami- Mr Dimond said Dr
BRENNEN-BETHEL an resort near Freeport, Denise Herzing, a marine
3 1 I'L A ~ Z Tribune Business only a mile from an active animal behavioral special-
Reporter shark feeding site. ist arid assistant professor
"I often wonder how at Florida Atlantic Univer-
A Florida-based marine many so called unpro- sity, reported that she and


The Scotia bank Rate Booster Deposit
Combines the higher interest rates of a longer term
investment with the flexibility of a short term deposit.

Your interest rate inlcreases twice during the terrn of your invest nent,
'""rm >nny ,_tos~ rla tp wii ihr rpf yoilurl a ~i gisint
rou penlalty 'ree access to your mr~on~ey.


I dOYD'S


FRIDAY, MARCH 7, 2008, PAGE 3B


THE TRIBUNE


Life. Money. Balance both:


voked' shark attacks, have
been committed by sharks
whose behaviours have
been altered by feeding
dives," he added.
"It is time for the
Bahamas to put a stop to
them, as have the Cayman
Islands, Florida and
Hawaii.'
Mr Dimond said such pat-
terns of behaviour had
already been seen,

Site

Randy Jordan, of Emer-
ald Charters, said aggressive
sharks still approach his
boat whenever he pulls up
to a particular dive site,
even though the site has not
been used.for the past six
years.
The website for Bimint
Under Sea Adventures also
reported that sharks had
been seen swarming boats
at virtually every location
throughout the Bahamas
that has or still does con-
duct shark feeding dives.


several of her students had
also been swarmed after
being at a site for years,
simply because a new dive
site had been established
about a mile away .
This is because the sharks
are conditioned to expect
food, Mr Dimond said.
"This is classic condition-
ing of the worst kind, delib-
erately changing the behav-
iour of large predators in
the wild where they are free
to interact with an unsus-
pecting public," said veteran
marine biologist William
Alevsi 1 that active shark
feeding sites were scattered
all over the Bahamians, and
no one but the feeders knew
exactly where most of the

sitSGersea rgsetered Flori-
da non-profit corporation
focusing on the protection
ofbcoastala andw iainee
and the people that interact
with and use these
resources.


conservation group yester-
day urged the Bahamas to
ban the underwater feeding
of sharks following last
week's tragic death of an
Austrian diver in these
waters .
Bob Dimond, president of
the Marine Safety Group
(MSG), said that shark
feeding tours like the one
that resulted in the death
also pose a threat to island
visitors not involved in
these ex editions
"It places other shark
enthusiasts at risk even
those far remove from

"Once a shark learns to
associate boat arrivals
and/or people in the water
with dinner time, those
se e io ia on g iet am-
taken with the shark wher-
ever it may wander a
re ie fo disasbthat in
2000 a swimmer had half his
leg removed by a shark
while swimming off the


,JI


performance, they pay $1 mil
hion and take over the entire
Cay less 45 acres of 'retained
land', most of which is useless
land, over which they would
.instruct the Government in its
use. This whole section sees
to indicate that the developers
have the right to call the
shots," Mr Smith said.
Mr Smith said Norman's
Cay project could be a great
opportunity for the Bahamas
to benefit by bringing in two
respected names in the hotel
and development industry.
He added that his com-
ments were purely to assist the
Government in negotiating a
better deal for the Bahamian
people,
SSome prudent changes'
along with the Government
retaining an additional 150
acres, could be the difference
between an equitable devel-
opment on Norman's Cay or
the possibility of a third party
assignee or assignees taking
over the entire deeded Cay t8
the detriment of the country,
Mr Smith added.


A reement.
"Is it common for Family
Island airports, particularly
ports of entry, to be privately
owned? The whole airport
concept, its use and construc-
tion timing seems flawed," he
added,
Mr Smith suggested that
landing fees should be charged
to international flights, where
Customs and Immigration
were an expense, but not for
Bahamas-originated traffic.
He added that at the pro-
ject's marina there should be
an area where foreign boats
would pay for berthing. How-
ever, Bahamian boats and
mail boats should have a des-
ignated area free, they said.
"The proposed use and
guarantees of the airport and
marina ...are sadly lacking in
performance or timehine guar-
antees. There seems to be a
potentially fatal haste to con-
vey and lease before perfor-
mance or other guarantees by
the developers," Mr Smith
said.
"One would have thought
that the deeding and leasing
would have taken place after a
certain amount of perfor-
mance. An example would be
a three-year lease on the mari-
na site during which time con-
struction would take place.
Upon completion this would
automatically become the 45
years plus 45 years plus 45
years. Not only would this
guarantee performance, but
would prevent 'flipping'."
Mr Smith said he also had
concerns regarding the land
being given throughout the
five units Norman's Cay is
zoned into.
"The 45 acres retained by
the Government should be
increased to include the land
marked for 'future develop-
ment'. One must assume that
the party that will do the
future developing will expect a
deed' to this property imme-
diately. Is it the developerss"
Mr Smith asked.
"The Government should
retain the 'future develop-
ment' land along with the 45
acres of 'retained land', and
be free to sell, develop or oth-
erwise deal with third parties.
"There should be no inter-
ference from the developers,
as suggested in the Agree-
ment, in the development of
the land retained by the Trea-
sur "Smith said other ques-
tions involved the developer's
obligations and responsibili-
ties as it related to the Private
Roads and Subdivisions Act,
pre-sales, the amount of real
property tax which the devel-
oper must pay, as well as the
public access allowed Baliami-
ans, and infrastructure and
utilities.
"It looks like all the devel-
opers have to do is build a
small hotel and pre-sell land?
Instead of specific closings for
specific properties based on


MB CARA
BRENNEN-BETHEL
Tribune Business
Reporter
THE FNM government was
yesterday urged by a former
Exuma MP to revisit the terms
of the Heads of Agreement
signed with the developers
behind the Aman resort pro-
ject~ on Norman's Cay to
ensure they will not be "call-
ing all of the shots" on the
island
George Smith said he was
speaking as a concerned citi-
zen on the project, and was
concerned about the provi-
sions contained mn the Heads
of Agreement.
"I support a tasteful, envi-
ronmentally friendly and
properly-funded development.
Bahamians should hade
opportunities beyond jobs.
After all it is their land," Mr
Smith said.
"If this were in New Provi-
dence and they were talking
about the amount of land that
they are talking about for
Norman's Cay, there would
be a public outcry. But
because this is on a cay, no
one is really saying anything."
Mr Smith had previously
denied to The Tribune that he
was raising concerns because
his cousin, Bahamian real
estate developer Lester Smith,
who has a resort project on
nearby Wax Cay situated on
a large acreage of Crown
Land granted to him by the
Christ~ie administration had
concerns about the competi-
tion that would be posed by
the Amali resort. "
Aman's partner in the $500
million project is the develop-
er, the New York/Miami-
based Setai Group. They had
partnered with a group of
Bahamians, attorneys Martin
Solomcin and R James Cole,
and financial executives Mark
Holowesko and Gregory
Cleare.
The Aman project for Nor-
Sman's Cay has been on the
drawing board for almost a
decade, and a Heads of
Agreement was signed with
the first Ingraham adminis-
tration` in 2002. Yet talks over
a supplemental Heads of
Agreement with the Christie
government went nowhere,
and the project was delayed
for five years until Mr Ingra-

hAmnr ec noitc om study
projected that the Aman
development would generate
580 jobs for Bahamians over
20 years, inject $330 million
into the Bahamian economy
over the same time period,
and by 2024 inject $36 million
into the Bahamian, economy
annually.
But Mr Smith said a major
area of concern was the oper-
ation and control of the air-
port, the details of which he
added were only partially
mentioned in the Heads of


I )


- Visit your nearest Scotiabank branch today.


. s,, ,,.,ll:ll r.. ,runhll" oIU a1 U ChI )C
"-if?r: j;7'"' T 2n nooeruovro lrv ;:i


* Access to over 4,000 network hospitals
throughout the USA, Thie Bahamrlas,
Caribbean, Latin Amlerica and the UK.

* Full Maternity Coverage & FREE
cover for children up to age 10.

* Underwritten by ~Lloyd's of London
(A+t rat-ed for claims paying ability).

* Worldwide Emergency Coverage
including the USA & The Bahamas.

* Emergency evacuation by Air
Ambulance.

* Premiums paid. monthly, half-yearly
or annually by credit card.

* Lifetime coverage Age limit for new
applicants is 74Lt years, No Medical
Exammnation requirement*


M~arkt Reyn~olch~


Cyril Pcet


Tamara Boyd


STAR


(Gener


-~ ,9 \i . fe


Call Today

393-5529





INTERNATIONAL BUSINESS COMPANIES ACT. 2000
No. 45 of 2000


In Voluntary Liquidation

Notice is hereby given that in accordance with Sectionl38
(4) of the International Business Companies Act, (No.
45 of 2000), INTRASEAS LIMITED, is in dissolution.
Continental Liquidators Inc. of 60 Market Square, Belize
City, Belize. All persons having claims against the above-named.
company are required to send their names, addresses and particu-
lars of their debts or claims to theliquidatorbefore SthApril, 2008.



IoV Cll.o i..os Ic







~~~INVE SIO



40 year-old Intemnational Developer/Operator of
Healthcare and extended living facilities seeks
equity partner in additional Florida sites.
Nassau site under consideration. .


This is an impeccable family-owned company.
Ideal investor~ might be the same. History is
12% cash on cash plus major long term
appreciation. Average project is 40mm and
8mm equity.

This is an opportunity to get into the booming
Florida market as a ,silent investor. Funds may
be discreet. This company will pass he
absolute highest review.


Principal Representative
at the British Colonial Hotel
CALL ME, SEE ME. MR. KENNETH WESTPHAL
TEL: 302-9000


AIRPORT INDUSTRIAL PARK



Utilities in place, 3 minutes from Airport Lot 3C and
3D for sale (1 acre total) ($550,000 net)
Contact Info; Michael
Tel: 242-394-9396
Cell:242-422-1522
Email: m turnquest@coralwave.com





NOTICE is hereby given the VANNETTE HOMERE of JOE
FARRINGTON ROAD, P.O. BOX FH-14407, NASSAU,
BAHAMAS, is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization as a
.citizen of The Bahamas, and that any person who knows any
reason why~ registration/naturalization should not be granted,
should send' a written arid signed statement of the facts within
`twenty-eight days. from' the 7TH day of MARCH,. 2008 to the
Minister responsible for Nationality and Citizenship, P O.Box N
- 7147, Nassau, Bahamas.






INTERNATIONAL BUSINESS COMPANIES ACT. 2000
SNo. 45 of 2000


In Voluntary Liquidation

Notice is hereby given that in accordance with Sectionl38 (4)
of the International Business Companies Act, (No. 45 of 2000),
SOUTH ATLANTIC METALS INC., is in dissolution.
Continental Liquidators Inc. is the Liquidator and can be con-
tacted at 60 Markiet Square, P.O. Box 1906, Belize City, Be-
lize. All persons having claims against the above-named com-
pany are required to send their names, addresses and particulars
of their debts or claims to the liquidator before 5th April, 2008.



RF, Jr
_~i _oll~a o L'udm5 _
Li< da


Legal Notice
ar Ow wr

NOTICE IS HEREBY GIVEN as follows:

(a) ACADIA OVERSEAS LIMITED is in dissolution under the
provisions of the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 6, 2008
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The liquidator of the said company is Lakeisha Collie of 2nd Terrace
West, Centreville, Nassau, Bahamas. ..

(d) All persons having Claims against the above named Company are- r:;' i
required on or before the 3rd day of April,,4008 to send their ,: ,
names and addresses and particulars of their debts or claims to the
Liquidator of the company or, in default thereof, they may be
excluded from the benefit of anyr distribution made before such
debts are proved.
MARCH 7, 2008

LAKEISHACOLLIE

LIQUIDATOR OF THE ABOVE-NAMED COMPANY




Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) PANORAMA OVERSEAS LIMITED is indissolution under the
provisions of the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 5, 2008
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The liquidator of the said company is Lakeisha Collie of 2nd Terrace
West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 2nd day of April, 2008 to send their
names and addresses and particulars of their debts or claims to the
Liquidator of the company or, in default thereof, they may be
excluded from the benefit of any distribution made before such
debts are proved.
MARCH 6, 2008

LAKEISHA COLLIE

LIQUIDATOR OF THE ABOVE-NAMED COMPANY










Lot#1421 *opis 1 0,0 sqft inaea th
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

IniterSted persons should submit
Offers in wdlting addressed to.

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

Serious enquidies only


PiigInformation As Of: C F A L1"
Trsa,5 March 2008
BtSXLIS eD TRADED SECURITIES VISIT WVWW.BISXBAHAMAS COM FOR MORE DATA & INFORMATION
BISX ALL SHARE INDEX- CLOSE 1,985.33 / CHG 5.29 /%S~CHG 0.27 / YTD -81.42 / YTD%"/ -3.94
52nn-1. S2wuk-Lowv Securlt y Prs.*Cbs~ Close Ti.day'i Close CI~arge Dai, V;l EpS B Oi. 5 pE Yuesa
1 90 0 :5 ADBaCO Marh9IS 1 190 *j (10 Ijl 15 Ij frl 00 1) 1 O 00':
11.80 11.25 Bahamas Property Fund 11.80 11.80 0.00 1.502 0.400 7.9339
9.68 8.50 Bank of Bahamas 9.61 9.61 0.00 0.643 0.'160 14.9 2.71
0.99 0.83 Benchmark 0.99 0.99 0.00 0.188 0.030 5.330%
3.74 2.00 Bahamas Waste 3.66 3.66 0.00 0.289 0.090 12.7 2.46
270 1.26 Fidelity Bank 2.60 2.60 0.00 0.058 0.040 44.8 1.5%
13.60 10.03' Cable Bahamas 13.60 13.60 0.00 1.030 0.240 13.2 1.76
3.15 2.10 Colina Holdings 3.14 3.14 0.00 0.031 0.040 101.3 127
8.50 4.62 Commonwealth Bank (S1) 7.10 7.11 0.01 35,000 0.428 0.260 16.6 36%
7.22 3.63 Consolidated Water BDRs 3.80 3.63 -0.17 0.129 0.052 29.4 1.3%
2.60 2.20 Doctor's Hospital 2.46 2.46 0.00 0.316 0.020 7.8 08%
7.90 5.94 Famguard 7.90 7.90 0.00 0.713 0.280 11.1 35%
13.01 12.30 Finco 12.92 12.92 0.00 0.810 0.570 16.0 4.41%
1.75 13.90 FirstCaribbean 13.90 13.98 0.08 15,000 0.914 0.470 15.3 336
6.10 5.12 Focol (S) 5.15 5.15 0.00 3.275 0.363 0.140 14.2 2.7%
1.00 0.54 Freeport Concrete 0.74 0.74 0.00 0.035 0.000 21.1 0.%
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 4.6
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 60%
Fldelity Over-Tne-Counler Securities
52w -11. 52arwLos Symr..ol B~d I .sk Lasr raICe Yveeki, .<. EcI- D h. pE v.ela
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 '0.000 0.480 NM 7.8%
0.54 0.20 RND Holdings 0.35 0.40 0.35 -0.023 0.000 N/M 0%
Collna Over-The-Counter Secyribes
14.6 O 4. O Bah~a as Supermarkets 14.60 15.6 14.0 1.6 1.1 193. 6 i)/
O.SS 0.40 RND H dings 0.45 0.55 0.45 -0.030 0.000 NIM 0.0%
BISX Listed Mulual Funds
Sw-Hi 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %
1.3001 1.2037 Colina Bond Fund 1.300059"" 0.62% .15%
3.0008 2.4723 Colina MSI Preferred Fund 2.999402"'* -0.04% 15.53%
1.3812 1.2647 Colina Money Market Fund 1.381183**** 0.39% 3.85%
3.7969 3.1424 Fidelity Bahamas G &I Fund 3.7442"** -1.40% 27.72%
11.9880 '11.4467 Fidelity Prime income Fund 11.9880"' 0.46% 5.53%
000000 100.0000 CFAL Global Bond Fund 100.OO"
100.0000 100.0000 CFAL Global Equity Fund 100.OO"
10000 1.0000 CFAL High Grade Bond Fund 1.00-
10.5000 9.6628 Fidelity International Investment Fund 9.6628*"
FINDEX: C1.OSE 91 7 23 YT -3 659r, I 2007 34 471 -
BISX ALL SHARE INDEX 19 Dec 02 = 1.000 OO MARKET TERMS YIELD last 12 rnonth dividends divided by closing price NAV KEY
52wk-Hi Highest closing pnce in last 52 weeks Bad $ Buying price of Collna and Fedelity
52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity
Previous Close Previous day's weighted pnce for daily volume Last Pnce Last traded over-the-counter pnce 31 December 2007
Today's Close Current day's weighted pnce for daily volume Weekly Vol Trading volume of the pnor week "" 31 January 2008
Change Change in closing pace from day to day EPS S A company's reported earnings per share for the last 12 mths "" 2 January 2008
Daily Vol. Number of total shares traded today NAV Net Asset Value ""'* 22 February 2008
DIV 5 Dividends per share paid In the inst 12 months N/M Not Meaningful
PIE Closing pace divided by the last 12 month eanmrngs FINDEX- The Fidelity Baharnas Stock Index January 1, 1994 = 100
S)- 4-for-1 Stock Spilt Effective Date 8/8/2007
S) 3-for-1 Stock Split Effective Date 7/11/2007
TO TRADE CALL! CFAL. 242-502-7010 1 FIDELITY 24(2-356-7 764 FOR MORE DATA & INFORMATION CALL (242) 394-2503


PAGE 4B, FRIDAY, MARCH 7, 2008 .


eluding the Bahamas Film Stu-
dios' purchase.
They currently have a signed
sales agreement in principle
with Ross Fuller, the Bahamas
Film Studios' chairman and
head of Gold Rock Creek
Enterprises, its immediate hold-
ing company. Mr Fuller is also
chairman of the Studios' ulti-
mate holding company, Bermu-
da-domiciled Ashby Corpora-
tion,
He indicated that Bahamas
FilmInvest International was
prepared to either consummate
the deal with Mr Fuller, or
negotiate with the Government
should it terminate the lease
and seek proposals from inter-
ested parties in a bid to
obtain the best possible invest-
ment.
Mr Bethel told The Tribune:
"We can very well state that we
are very much interested in the
conclusion of the agreement,
and if the Government does
become the party in the driver's
seat for negotiations, I'm sure
my group will be prepared to
have discussions with them."
The Bahamas Film Studios,


which is where a substantial part
of the Pirates of the Caribbean
II and III sequels were filmed,
lie on the 3,500-acre former US
Air Force Missile Base site in
Grand Bahama. The whole site
is Crown Land that is leased
from the Government.
As revealed by The Tribune
on Wednesday, the Govern-
ment's lease termination plan, if
it follows its intended course
through to fruition, will have
several consequences and reper-
cussions, some potentially good,
some potentially bad.
For starters, it could have a
major negative impact on how
the international film and TV
industry perceives the Bahamas
as a production location, dam-
aging the growing demand and
interest in this nation.
Mr Bethel, who heads the
Montaque Group financial ser-
vices provider, echoed these
concerns, saying: "It does give
me concern in regard to the per-
ception that the stakeholders in
the industry might get in regard
to the Bahamas' desire to devel-
op a serious film industry.
"But if it's handled in the


right manner going forward, we
should be able to handle any
damage that may be incurred
as a result of such action being
taken, and any impact for those
productions that are ongoing or
certainly considering use of the
facility in the immediate
future."
Terminating the Bahamas
Film Studios' lease would raise
immediate questions about
whether a German movie pro-
duction, Der Sea Wolf, which
has just committed to using the
Bahamas Film Studios, will be
able to do so as planned
The Tribune understands that
the movie's production crew
have major concerns about
whether they can use the Grand
Bahama-based facility as a
result of Tribune Business's arti-
cle on Wednesday. It is likely
that some arrangement would
be worked out to enable them
to continue.
Terminating the lease, while
collapsing the existing Bahamas
FilmInvest deal with Mr Fuller,
might also help the company
close its planned purchase more
quickly, as it would enable Mr
Bethel's~group to negotiate
solely with the Government and
take Mr Fuller out of the equa-
tion. *
This is because it would
deprive Mr Fuller of the main
asset he is selling the very
same lease and rights to the


Bahamas Film Studios project.
Yet given the Government's
professed desire to entertain
other investment proposals, ter-
minating the lease could also
open up the way for competi-
tion to Mr Bethel's group from
rival bidders, as they would not
be saddled with the Bahamas
Film Studios' debts and liabili-
ties.
A lease termination might
also have consequences for the
Bahamas Film Studios' many
creditors, among them Bahami-
an companies such as Islands
by Design and Phoenix Engi-
neering, who are believed to be
claiming they are owed around
$125,000 and $300,00 respec-
tively for engineering and envi-
ronmental impact assessment
work.
Both had obtained Supreme
Court injunctions blocking any
sale of the Bahamas Film Stu-
dios unless the debts owed to
them were satisfied.
Without a lease, there will be
no sale, and this means the
debts owed to them will not be
paid.
There would also be ques-
tions about whether the estate
of the late Paul Quigley, one of
the Bahamas Film Studios three
founding partners all of whom
have passed away would be
able to enforce the $2 million
claim they have against the
company.


and what the implications are
behind the action the Govern-
ment plans to take.
"Until we know exactly what
definitive action the Govern-
ment is taking, we cannot spec-
ulate as to what course of action
we will be doing."
Mr Bethel added that he and
his Bahamas Filmlnvest group
were still committed to con-


THE TRIBUNE


on reputational effects


'Concern'


from Film Studios lease end


FROM page one

posals from others.
Mr Bethel, who returned to
the Bahamas yesterday, said: "I
have been made aware of the
Prime Mimister's statement, and
I have to take it under review
with my colleagues in terms of
what action we need to take'












I ;IIWI~


CLIENT ACCOUNTANT



A privately held group of companies dedicated to providing tailor-made financial,
fiduciary and administrative services to corporate, trust and institutional customers
is seeking a Client Accountant

QUALIFICATIONS
At minimum the candidate .must meet the following requirements:

*Self starter with an excellent academic background and strong organizational
skills
*In pursuance of or attainment of an Associates Degree mn Accounting
*Proficiency with Microsoft Office Word, Excel and Outlook
*1 year's experience in the same or similar position

The salary is negotiable and will depend 011 the background, qualifications and
experience of the candidate.

Please forward, on or before 21st March, 2008, your CV by fax together with a
covering letter to:


HUMAN RESOURCES
TELEFAX: (242) 356 9432




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, Livmng, Dmmig 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 Exama Section 18, Exuma, Bahamas



The units are being sold collectively.

For conditions of the sale and any other
Information, please contact:
The Commercial Credit Collection Unit
b7,'V ;e~iiaD~at: 356-1685 or 356-1608
Nassau, Bahamas

Interested persons should submit offers
~. in writing addressed to:
h Cmeril rdt oecin nt
P.O. Box N-7518, Nassau, Bahamas

"1~8~ Serio~us enquiries only
n7 a


NOTICE is hereby given the LISBONNETTE HOMERED of
JOE FARRINGTON ROAD, P.O. BOX FH-14407, NASSAU,
BAHAMAS, is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization as a
-citizen of The Bahamnas, and that any person who~knows any
reason why: e~gistra!tjon/naturalization .atould not be granted,
shouldd send a,writte and signe~b statement of the facts within
twenty-eight days from the 7TH' day of MARCH, 2008 to the
Minister responsible for Nationality and Citizenship, P.O.Box N
- 7147, Nassau, Bahamas.


NO TICE
NOTICE is hereby given the EMMANUEL FRANCOIS of
746 TWYNAM HEIGHTS, NASSAU, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship,
for registrationinaturalization 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 7TH day of MARCH, 2008 to the Minister responsible
for Nationality and Citizenship, P.O.Box N 7147, Nassau,
Bahamas.


* Bachelor's Degree in HR Management and/or HR Certification
* A minimum of five years experience working as a HR Manager
* Strong leadership skills
* Strong interpersonal oral and written communication skills
* Proficiency in Excel, Word, PowerPoint, Access, Outlook and
Internet Explorer

The successful candidate will be responsible for:

RESPONSIBILITIES WILL INCLUDE:
* Provide leadership to the HR Department
* Develop and administer a range of Human Resources programmes
designed to attract, retain and motivate employees and
management staff
* Oversee employee recruiting and selection, staff planning, personnel
records, salary and benefits administration, pension, insurance
matters, discipline process, etc.
* Interview prospective employees and conduct background checks
* Set budget for all human resource activities
* Manage Staff Performance Appraisals process and Prepare Staff Job
Descriptions
* Maintain and Update Employee Manual of HR Policies & Procedures
* Manage Employee/Employer Labour Relations
* Organize and manage Succession Plan
* Disseminate information to employees as required
* Provide monthly, quarterly and yearly HR Management Reports

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

Salary range subject to qualifications and experience.


FRIDAY, MARCH 7, 2008, PAGE 5B


THE TRIBUNE


to everyone Baha Mar has to
deal with. It makes it harder for
Baha Mar to negotiate with the
people they need to get the job
done".
He explained that when the
developers negotiated with
Bahamian businessmen and con-
tractors, these people would
have in the back of their mmnds
the seed planted by the Prime
Minister that the project will not
succeed.
Mr D'Aguilar said he wished
the Prime Minister had been
cautiously optimistic, rather than
pessimistic, on Baha Mar's
prospects.


You don't approve a project and
expect it not to work. I was
stunned to hear that yesterday.
"I just don't understand why
they're being so negative about
the deal. My impression is that
the Government has never
shown the enthusiasm about this
project that they have shown
about, say Atlantis.
"I think it was a little bit pre-
mature to start preaching doom
and gloom about the project,
having concluded the agreement
just one month ago."
The Chamber president said
the Prime Minister's comments
also "send the wrong message


An entrepreneurial spirit, original thinking, and a passion to succeed.
/f you have it, we want you.


We are growing!
Fidelity invites applications for the position of:


Manager, Human Resources

PROFILE:


F e












, o


r I
.110 J ;I I .


HUMAN RESOURCES
Re: Manager, Human Resources
51 Frederick Street
P.O. Box N-4853
Nassau
F: 328.1108
careers~fidelitybahamas.com


[ABSOLUTELY NO PHONE CALLS]


.
.) IL Gi z! I .- I


k


:d


FROM page one

ward a Bill with a lot of unanswered questions."
Dr Deveaux said he had received an apolo-
getic letter from the Bahamian Contractors Asso-
ciation's (BCA) president on January 24, 2008,
saying that the organisation had received "limit-
ed" feedback on the Bill and needed more time to
collect and compile member responses.
Stephen Wrinkle, the BCA's president, was
said to be off-island when The Tribune called
for comment yesterday.
However, among the BCA's suggested amend-
ments to the draft Bill are that only a qualified
licensed contractor be allowed to apply for
required building permits, building inspections
and certificates of occupancy, at all times quoting
their contractor licence number. The only excep-
tion to this, the BCA is suggesting, is for when an
individual is constructing their own private
dwelling.
Other proposed changes include only permit~
ting an individual to act as the general contractor
when constructing their own private home. Oth-
erwise, a contractor whose licence qualifies them
to do the necessary scope of work will be

rheq Contrattors Bill is intended to licence all
Bahamian contractors seeking and contracting
for work with the public, with firms licensed
according to the scope of work they are capable
of and competent for domng. In this way, the
legislation is designed to protect consumers from
shoddy workmanship, and also give them a
process through which they can obtamn redress.
When it came to the Categories for Registration
(Licensing) of contractors, the BCA recom~


COiltractOrS Bil
mended that the Building Contractor (all levels)
be changed to a General Contractor Level One,
who was capable of constructing buildings with a
maximum of two storeys and employed from one
to 25 persons.
Above that, Level Two contractors were capa-
ble of constructing three-storey buildings and
employed 26-50 persons.
Level Three contractors would be required to
have 51-100 employees, and Prime Contractors
over 100 employees.
All other categories would remain the same, the
BCA arguing that the amendments were war-
ranted by the fact most contractors both large
and small viewed themselves as general con-
tractors. By classifying them as such, they would
have the opportunity to move up the contractor
chain easier.
Other BCA proposals included requiring con-
tractors to, at a minimunt, have third party liability
insurance based on their licence.
Another suggested change was to have an
Accreditation Committee to help the Contractors
Board establish standards for the industry's trades

daind aama do tr ctio i dtryes mnd rds
it was felt that it would be easier to ensure foreign
companies that entered the Bahamas legitimate-
ly to undertake major projects would have to
joint venture with Bahamians.
The draft Bill had been handed to some 400
contractors who attended last year's Contractors
Fair, staged by the Ministry of Works in con-
junction with the BCA, and all that remained
was to obtain the required feedback.


FROM page one

sense. Don't throw a wrench in
that potential change of confi-
dence by saying there's a good
likelihood Bh ar won t suc-

cSuch comments, the Chamber
president said, would cause con-
tractors to pause and think
about whether they should ready
for construction work on Baha
Mar, and impact business deci-
sions about whether to
invest and expand their busi-
nesses
Mr D'Aguilar said that if the
Ingraham government har-
boured doubts about Baha
Mar's ability to find the $400
million in equity funding, meet
the March 2009 deadline and
complete the Cable Beach trans-
formation, it "should not have
approved the deal in the first
Place"
Acknowledging that he was
speaking as "an outsider look-
ing in", and was not privy to all
the details, plans and financial
information on the project that -
Sthe Government possessed, the
hos ble tead itistrba I t i
have good reasons to support its
scepticism-
If this was so, Mr D'Aguilar
said they should make these rea-
sons public. He questioned why
the Government would sign a
supplemental Heads -of Agree-
ment foi Baha Mar a little over
one month ago and then pub-
licly raise doubts over its
prospects of success.
While the Government might
want to manage Bahamian
expectations and ensure the pub-
lic did not get carried away with
their hopes for Baha Mar, Mr
D'Aguilar said of the Prime
Minister's comments: "I've ney-
er heard them express those sen-
timents about any other project.


PM'S Baha Miar scepticism













r
III


Tribune Comics

JUDGE PARKER


Contract Bridge

By Steve Becker

A Challenging Problem


12 3 14 s G 17 a
9 10 Io 11

121 1 131 1 14

is 11 in l7

181 1 19 20 121 22
23
24 1 2 I IsI I I 125

27 281 1 291 1 30 31
32
331 1341 135

361 1 37) ) 38 3

401 1 411 1 42


I ~CRYPTIC PUZZLE 1


I r I _I


Soutr dealer,
East-West vulnerable.
NORTH
+K 8
VA Q
S8 6 3
+K9 75 4 2
WEST EAST
+ Q T9 53 A 10 74 2
V 109 5 32 VK J
4 Q 2 + 10 9 7 5 4
+6 S Q
SOUTH
+ 6
V 8 76 4
+ AK J
+A J 10 8 3
The bidding:
South West North East
1 + Pass 3 + Pass
4 + Pass 5 +
Opening lead queen of spades.
Game contracts in minor suits
are comparatively rare. Whenever a
partnership has the high-card
strength to undertake an 11-trick
contract mna mmnor, they usually can
more easily make nine tricks in
notrump or 10 tricks in a major suit.
Here is a typical example.
Although North-South together have
11 clubs, which strongly suggests
that suit as trumps, by far the best
final contract is three notrump
played by North. Nothing can stop
the nine-trick game, while an 11-
trick club contract is clearly a dan-
gerous undertaking.
Three notrump can quickly be
reached if South, trying to avoid the
club game, bids three diamonds over


three climbs. With a stopper in both
majors, North could then securely
bid three notrump.
Careful play produces 11 tricks at
clubs. The spade queen is covered by
the king and ace, and East's spade
return is ruffed. After drawing a
round of trumps, South must now
determine the best line of play.
He~ observes that if either a heart
finesse or a diamond finesse suc-
ceeds, the contract is made. The odds
that one or both finesses will succeed
are 3-to-1 mn his favor. (In the actual
case, though, both fmnesses would
fail, and declarer would go down
one.)
However, it would be wrong to
take both finesses despite the favor-
able odds. South can improve on his
chances by rejecting the diamond
finesse..Instead, he should play the
A-K-J of diamonds after drawing
trumps. As it happens, West's queen
falls and South's worries are over.
But let's suppose the queen had
not fallen. In that case, one of two
things wil happen when the jack is
next led. If East wins with the queen,
he will be forced to return a heart
into dummy's A-Q or yield a fatal
ruff-and-discard. If West wins the
third diamond which means the
finesse would have failed if
attempted declarer still has the
heart finesse to fall back on.
Refusing the diamond finesse,
therefore, offers an extra chance to
make the contract i.e., if West has
the doubleton queen --but can never
cause declarer to lose it.


FRIDAY '

MAR 7

AQUARIUS Jan 21/F'eb 18
Your schedule this week seems
ridiculous. You feel there will be no
way to get it all done, Aquarius.
Somehow you'll summon the power
of an army and push through.
PISCES Feb 19/Mar 20
Beware of making promises you
can't keep, since this week you are
overly optimistic, Pisces. Don't com-
mit until April arrives.
ARIES Mar 21/Apr 20
Be careful of what you am *doing
Aries. You could send an e-mail to the
wrong person or leave a sensitive doc-
ument in the copier. Stay on your toes
most of this week.
TAURUS Apr 21/May 21
Keep track of your finances, Taurus.
It's easy to let a bill slide by, other-
wise. You don't want to mar your
*.fmancial record with a foolish mis-
take, like sending out a payment late.
GEMINI May 22/Jun 21
It will be difficult to schedule meet-
ings these days, Gemini. Everyone
keeps switching the date, and find-
ing an acceptable time is turning into
a fiasco. Keep your patience.
CANCER Jun 22/Jul 22
Some of your best plans will go
awry, Cancer. Just about everything
will require more time and, most
likely, more money. You may want
to jump ship.
LEO Jul 23/Aug 23
The next week is not, ideal for ven-
turing into new territory, but you can
shore up projects you have already
started. These projects may be rela-
tionships as well.
VIRGO Aug 24/Sept 22
This isn't the time for domestic deci-
sions. You could end up with home
renovations that border on weird. Wait
some time before heading to the home
center or choosing paint swatches.
LIBRA Sept 23/Oct 23
This week, you will be delighted to
bump into old friends. Take the time
to catch up on past history, and
resolve to keep in touch more, Libra.
You prefer play to work anyway.
SCORPIO Oct 24/Nov 22
If you've been scatterbrained, things
will all come into focus this week,
Scorpio. You could find that lost
watch or set of keys. Others will
notice your regained concentratiion.
SAGYITARIUS Nov 23/Dec 21
Things are not working according
10 your timetable, Sagittarius, and
you are frustrated. It's best if you
adapt to the new schedule rather

PARCR 3R Dec 22/Jan 20
You can finally catch up on all those
chores you promised to get to,
Capricorn. Even though the thought
isn't appealing, you know that it can't
be all fun and no work.


a e



a c


The

words in
the main
body of
Canbers
century
O ictionary
S1~999
Sedition).


.HOW many words of four letters
or more can you make~ from the
letters shown here?'In making
a word, each letter may be used
0eo e tny.Eac dm t cotai ntehe
at least one nine-letter \yord.
No plurals
TODAY'S TARGET
Good 18; very good 27; excellent
36 (or more). solution tomorrow.


ACROSS
9 In a while, is again so annoying (8)
10 Figure inordinately inihe speech (3)
IIThe ght o~herwise when I took over(6)

13 Be angry when the heartless burglar is
let go free (7)
14 Duck is dear (4)
15 How teasing s taken good-humouredly
when playing The Saint"?) (2,4,4)
17 A revelation, from the aspect of the
estate agent (8)
18 The late swing to the left made a
difference (7)
19 Transport back at ten to one (4)
2' Of course I have to have a key to get in (6)
7 1 Having no real justification for being
mad (7,4,6)
27 Nip the dog, perhaps, gave the little
darling (6) *
29 Prevails upon to, which is annoying (4)
30 Called in time backtsooput in an order (7)

cowardice (8)
35 nre exmpe It chow to make books
36 Really good in colour (4)
37 In present case, it's vegetation (7)
38 All involved suppressed the frenzied
killing (6)
40 Entrance is top of the alley, to the left (6)
41 Signal with the rod (3)
42 Very Gallic to go back into action,
having taken French leave! (8)


DOWN
1 In airplane, submarine -everywhere
(4,3,3)
2 By mid-afternoon, are moving back (4)
3 Too lazyto fillet? (4,4)
4 Teasing, nib an tilshman about having
a foreigner (7)
5 The garden table is not at all important
(3,3,5)
6 There's aprinter's error in:double E in
boldness"(10)
7 Supports- is a follower of (6)
8 Have a word with your mirror image? (8)
10 Reel- it's a dance (5)
16 Lean too far on the side of
generously? () .
20 Ready to, more on less (5)
22 For a couple on the Andes, missing, an
awful gloom (7)
23 Coaches and a korry wanting to get in
on the act! (11)
25 Generally speaking, it's when to mend
a breach (2,3,5)
26 Might possibly being caught in an awf ul
snare be one of them? (10)
28 Don't notice, though you do have a
view 0(8)
31 Lacking support, is uneasy (8)
32, Real activity by daybreak(? So early? (7)
34 Sends back yours iruly into orison! (6)
35 Cross when I scold (5)
39 Unable to decide if it's damaged (4)


Keti Arakhamia-Gjrant v Pia
Cramling, MonRoi Gjrand Prix,
Montreal 2007. It was an unusual
competition, financed by a
company which is trying to
fpoopularise a new electromec device
Q aiirs f0r the Gr nm Prix final
had not only to make high scores
in a qualifying event but also to

modee sng twe nee t chni e.
Three-time British woman
champion Arakhamia-Grant
looked like taking the top cash
and jewellery award when she
reached this position against the
number one seed from Sweden.
White's pieces dominate the
be dd, bu hite 0ol byo s r
is 1 Rg3 swinging the rook over to
menace the black king, but our
champion concluded that 1 Rg3 d6


Srp wornin acar (4,4)
10 Snow runner (3)
11 Wandered (6)


I oy voters (10)
17 Conjuror (8)
18 Frets(7)
19 us yarstylee
24 Type ofchocolate cake
(5,6,6)
27 Mettle (6)
30Prlcele cre (7)

3 ouaer hosmpa n(10)
36 Jumping insect (4)
37 DelayS Of holds back (7)
38 Find (6)
40 Martiaiart(4,2)
41 Single number (3)
42 Muchiess (3,5)


I) Moolov cocktail (8,4)
2 Male deer (4) -
3 Tallthin person (8)
5 hr mar ( 5)
6 Misleading publicity(10)
7 Pungent bulb (6)
8 Demote (8)
10K Ichup,)say (5)

20 Gives food to (5)
22 Invents (7)
23 Rivalry(11)
25 Percussion instrument

26 Comprehend (10)
28 Risky(8)
31 MoveIn waves (8)
32 Disciple (7)
34 Aller(6)
35 Stage whisper (5)
39 Willl0UI deal (4)


81 I e 18 b1

was a sufficient defence.50o she chose
1 Bxe5, soon lost her advatge n
went down to defeat. I guess that if
the pu;itivel had ocen presented to

zuzlleashe utd have fon the nght
idea quickly. Can you do better, and
spot White's win after 1 Rg3 d6?
LEONARD BARDEN


ACROSS: 4, Change 7, Reproach 8, Ocelot 10. Avan 13, Draw 14, Tell 15, Beer 16, |
Net 17, Tall TS, Amid 21, Masterful 23, Harp 24, Tues 26,Tan 27. Evenl 29, iris
32, Acid 33, Scope 34, Debits 35, Idleness 36, Attest
00WN: 1. Treat 2. Swoli 3, Corn 4. Chore 5, Anew 6, Groped 9, Carate 11, Vet 12.
Allar 13, Dsefeed 15, Bit 16, Nil 18, Aspect 20, Music 21, Man 22, Ron 23, Hanest
25, Tip 28, Visit 30, Rower 31, Sense 32, Alde 33, Stew
EASY SOLUTONS
A\CHOSS: 4. Did-dre 7. After you 8, Barrow 10. C-he-ap 13, W-Al-t 14, HIll 15,
Fa-l-r 16, LID 17, Olat 19,Gain 21, Foo l ault 23. To-if 24, Une 26. TA-X 27,
Then 29, Chap 32, Peas 33, Skate 34, Plea-DS 35, Tyne-side 36. Friday
D2W:i a-elh2, Steef153,F0t 18. t-UW S D-art 6,0 emknK 1 rgun .Hita
23, Tailer 25, Mar 28, HasI-y 30, Hab-l-I 31, Peler (Pan) 32, Paid 33, Sh-E-D


80 10 tr0 3170l
Chess 8568.1 Rg3 d6 2 Bxh6! gxh6 3 Rg8+ Kh7 4
Qg6+! Nxq6 5 fxq6 mate.


THE TRIBUNE


PAGE 6B, FRIDAY, MARCH 7, 2008


APARTMENT 3-G


Tribune


HorosCope


By LINIDA BLACK


BLONDIE


MWARVIN


NON SEQUITUR


TIGER


D


RI





I5 WASHINGTON
Associated Press
FEVERED talk in the capital of possible
government fixes for the mortgage crisis belies
an inconvenient truth of the credit market:
banks simply are not eager to lend money.
Congress and the government may have a
limited capacity to ease the crisis because it
has gotten too advanced, experts say.
SThe latest signpost: Even a relatively modest
legislative proposal to tighten the governmen-
t's reins on mortgage finance companies Fannie
Mae and Freddie Mac won't be coming togeth-
er soon in the Senate Banking Committee, its
chairman Sen. Christopher Dodd said Thurs-
day.
Even with the Federal Reserve cutting a key
interest rate five times in recent months, banks
have been retrenching on lending. Many have
suffered billions of dollars in losses from sub-
prime mortgage securities that have sucked
their capital dry.
On a retail level, 55 percent of U.S. banks
ur recently reported tightening their lending stan-
or, dards for mortgages to creditworthy borrowers,
.zrc not those with tarnished credit histories con-
Tosidered high risk.
Distress in the credit markets rippled fur-
ther Thursday when Alabama's most popu-
no lous county teetered toward becoming the
mination's largest municipal bankruptcy. Two
-mmajor financial companies said they received
default notices from banks nervously looking
anr for loan payments.
><12 "This is just not going to be solved today,,
"Oo said John Silvia, chief economist at Wachovia
20 Corp. in Charlotte, N.C., and a former chief
economist of the Senate Banking Committee.
"A lot of banks just don't have the. money
right now" to lend.
au One possible source of cash: a trade-off
worked into legislation to more tightly regulate
Fae legl tio Iwrould not only give a regu-
lator expanded authority over the two, but also
-r make permanent, the.temporary increases in
0rr the limits on the size of mortgages the govern-


oasder n Do a nato a


FROM page one
GBPA ownership structure and persuade them to drop litigation
over his claim to 75 per cent ownership, provided that the estate
agrees to sell its shares to Fleming.
Yesterday's developments, apart from throwing a temporary -
at least spanner into the works of Fleming's plans, may also
relieve the pressure that some felt was starting to build on the St
George estate and Mr Smith to settle.


NOTI CE
NOTICE is hereby given the REVELYN DORVILUS of 3390
NW 30th ST, #2, LAUDERDALE LAKES, FL. 33311, UNITED
STATES OF AMERICA, 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 7TH~day of MARCH, 2008 to the
Minister responsible for Nationality and Citizenship, P.O.Box
N -7147, Nassau, Bahamas.


I


Thte public is advisedf thatI pli0 ke shwna in the Schedule ~for LEAD) FRIEE
G;ASOL.[NE rtnd DIXESEL OIL, sold by TEXACO Bn)AHtAMA L. ri ll1 i)' will become
etTllc~ive onl Frid a!, March 7th, 2008,

SCH BED.0U L.E


SPRG E. PERI U.S. ~A~LLON


_~~1~F~~


PE;
GA


PALRT A
NEW '
IPROVIDENC:E

TEX3~~ACO
^ ^^^As TD.


PER
GRAND 1A.1. INLUDIN G SEA PREIG H Tr
(Norg FREEroary)
STEXA-CO L XEA r FREE 43?1 4.49 4.9
i Ii :.n OXt Ja 4.41 4.60


M


berating



in every




. 6 ob s


111__1____ __ :


~----------------------l-~---x*_______


~. f



SERVIICE INTERRUPTION t




From midnight on Saturday 8th March to
midnight on Sunday 9th March 2008.

As we continue efforts to improve our service to you, we
ask you to take note that our Electronic Banking System
will be temporarily unavailable during the time listed
above while we conduct routine maintenance.

We apologise for any inconvenience that this may
cause.

During this period, the following services will be
unavailable:

ABM
VISA transactions via ABM
Internet and Telephone banking

Please plan your weekend finances to cater for
this necessary maintenance.











SFIR.STCARIBBEAN
www.firstcaribbean bank.com GET THERE. TOGETHER.


-------------rr~lllr--^l-r*ll~_-ll~ll~l


THE TRIBUNE


FRIDAY, MARCH 7, 2008, PAGE 78


Te




ge~


One






FROM page one
The Bahamas was expect-
ed to maintain this ranking
over the next decade to
2018, by when 24.6 per cent -
almost one in every four
Bahamian workers would
be directly employed in
tourism.
For 2008, the WTTC fore-
cast that the Bahamian
tourism economy was set to
grow by 3.5 per cent in real
gross domestic product
(GDP) terms, compared to a
2.7 per cent average per
annum growth rate predict-
ed for the next 10 years.
The BaHamian travel and
tourism industry was fore-
cast to account for 50.8 per
cent of Bahamian GDP in
2008, amounting to $3.528
billion of economic activity.
Both these figures were
forecast to grow over. the
next decade, so that by 2018
travel and tourism would
account for 51.6 per cent of
Bahamian GDP or $5.907
billion worth of economic
activity.
When it came to export
earnings, so classified
because the Bahamas is
effectively a services and
tourism exporter, the WTTC
forecast that tourism would
account for 60.4 per cent of
export earnings in 2008.
str tin j sc h rlidaem t


ment-sponsored companies can buy or guar-
antee.
As the Senate Banking Committee debated
Thursday, rumors gripped WallStreet that the
government would promise to support Fannie
and Freddie if their finances continued to with-
er.
The Treasury Department denied the mar-
ket-moving rumors, but doomsday scenarios
continued to swirl around the markets and
Capitol Hill.
Shares of both companies hit 52-week lows.
Fannie shares dropped 8.1 percent to $22.30 in
midday trading after the rumor was denied
while Freddie stock fell 7.2 percent to $20.08.
Congress and the administration already
have an economic stimulus package, which
includes the temporary mortgage-limit increas-
es for Fannie and Freddie and the Federal
Housing Administration, under their belt. But
a second "'housing stimulus"' package unraveled
in partisan bickering in the Senate last week.

PrOposals
Several proposals are on the table including
having the government buy up distressed mort-
gages and foreclosed properties, and allowing
homeowners who owe more than their homes
are worth to refinance into government-backed
loans.
But banks need more than tabled talk to
regain confidence.
"It seems some higher force is going to have
to get the meeting of the minds together," said
Michael Strauss, managing director and senior
economist of Commonfund in Wilton,
Conn.
That force could be the Federal Reserve.
Fed Chairman Ben Bernanke this week
urged banks and other mortgage lenders to
trunethe amounts of mortgages for distressed
Yet he acknowledged that even with some
relief efforts already undertaken by the gov-
ernment and the banking industry, mortgage
foreclosures and delinquencies are likely to
continue to rise for a while yet.


Bahamian economy is on
tourism, and its direct and
indirect offshoots, the
WTTC report found that the
Bahamas was the seventh
modstt reint soentto travel
impact, standing at 50.8 per
cent. By 2018, though, this
nation was forecast to drop
to ninth in this- category.
This nation was also sev-


enth when it came to the
tourism industry's direct
GDP economic impact, the
WTTC finding that in 2008 it
would account for 16.8 per-
c~ent of total Bahamiarn
GD .
However, by 2018 thia
nation would drop out of the~
world's 10 most relianti
nations on the direct GDP
impact from tourism.


GN655


MIhINTR1 OF LEANDS&B 1.1.)(! \ Alr Gi. R1.11ET!
THEf PRICE CON)TIR)L ACT, 1971.

(ANINDEN NT)sr RECU \TF(ION''IlS, 2002


RETAIL
sousemYI PICE


PLACE


A.RZTICLE


\1.1X
ZI'PP
PR


R U.S,

S




.85

.56


i i


INCLUDr~f ING


4.41

4~37


SEA FRE]


LEAD) FREE

111ESELO IL


PARTDT
A3ACO, ANUROS
]ELEUTHEFIRA
TEXACO
BAHAMAS LTD.


NOT INCLUJDINGi SEA


FREIGHT'I

5.03

4.73


LEAD FRIEE

DIESEL. OIL


PART E
AELLOTHER

TEXACO LEAD FREE
BAHAM-AS LTD.
DIESEL OIL


NcOT INCLUDING; SEA


FREIC~ill

5.06
4.74


FIARRISON THOMPSON
PE R~11ANENT SECRETARY


Surplus of fixes for


mortgage crisis can't


make up for shortage


of banks' desire to lend


Irllr t 11 MAXIMUM4 '
LINERS' DISTRI~BUTfOR~'
ICE PRICE
S 5





I


THURSDAY EVENING MARCH 6, 2008

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

Check, Please! ICarreras, Domingo, Pavarotti in Concert Conductor Zubin Mehta, Chantal Live at the Pyramids
O WPBT South Florida IPlacido Domingo, Luciano Pavarotti. nd Jose Carreras mark the close of I(CC)
1990's World Cup with music amid n 30nlit Roman ruins.
The Insider (N) Survivor: Micronesia Fans vs. CSl: Crime Scene Investigation Without aTrace A student vnse
O WFOR A (CC) Favorites "He's a Ball of Goo!" (N) I'You Kill Me" Hodges stages hyp- after making provocative statements
A (CC) thetical murders. (CC) (DVS) during a discussion.
Access Holl TeOffice "Money Michael seeks The Celebrity Ap rentice "Painting 1(:01) Lipstick Jun le Victory dis-
O WTVJ wod(N) (CC) loan from his emp oyees. A\ (CC) By Numbers" Eac team must dis- covers that her wo khas been
3lay and sell artwork. (N) stolen. (N) n (CC)
Deco Drive American Idol Four sin ers are New Amsterdam "Golden Boy" A News (N) (CC)
O WSVN eliminated. (Live) A (C ) stud nt dies at a private sch Il. (N)
Joad! (N) Lost "The Constant" Desmond ex- Lost Juliet receives an unwelcome :2)Ell Stone The state bar asso-
S WPLG CCpeniences unexpected side effects. visitor, who orders her to stop Char- caontries to determine Eli'sfins
A (CC) otte and Faraday. (N) practice law. (N) (CC)

(:00) The First TeFirst 48 "Memphis" A tattoo The First 48 A man who fled the ICrime 360 "Welcome to Homicide"
A&E 48Uncooperative artist is shot to death during a rob- Nar in Bosnia is found shot dead in ine~stigati a murder in Richmond,
witness. bery. (CC) lstuk N C)V.()(C
(0)BBC World IBBC News Wol Business B8BC News 2st Century INews
BBC| NsAmerica J(Latenight). IReport I(Latenight).
TeBlack Car- CleeHill: Reunion Special (C)Wild 'n Out A il 'n Out n oe Central CoeyCentral
BET pt(cc) (cc) (cc) Prsna Presents
C Project X "Light"Cnn Confidential (N) (CC) Doc Zone: Winning for a Living BCNews: The National (N) A
(N) (CC) ;N) (CC) (CC)
:00) KudlowB &Fast Moriey Deal or No Deal Contestants get a TeBig Idea With Donny Deutsch
oman CC) :hance to win money. A (CC
:0)Lou Dobbs CNElection Center ILarry King Live (CC) Anderson Cooper 360 (CC)
onigh(CC)
ScusJ.D.'s TeDail~y Show TeColbert Re- Futurama F Sut Park ISouth Park "Bs i'Bush (CC)
COM goirlfit'\$ tan stew. or (cc) weakeinChe) WeC pvele Fi nds Forever"
TeSuite Life of W A CADET KELLY (2002, Comely-Drama) Hilar Duff, Christy Carl- IThat's So Raven ILife With Derek
DISN Zak Cody onRomano, Gary Cole. A new cadet Is challenged oy an antagonistic "RnRaven Ru""tsOur Parly"
Spligbee. A1 uprclassman. IS (CC) A ~ A (CC)
ThYis Old House IThis Old House SetEquity ColTools Cut- ICool Tools IBlog Cabin IBlog Cabin
DIY (CC) A (CC) 'igtools. WodWork"
D Thadeusz J~ournal:Tages- Bun~deslgaKick Journa: l :n lEurmaxx ~oeurnal: Tages- Im Fcu (n

IThe Daily 10 (N) NioeKidman: The El True Holly- Angellna Jolle: The E! True Holly- IThe Girls Next Door Highlights.
E wood Story Nicole Kidman. A oo Story C8 (CC)
ESPN c.00) College Basketball Connecticut at Providence. ICollege Basketball Xavier at St. Joseph's. (Live) (CC)
ESPN uive) (cc)
ESPNI UEFA Champs. UEAChampions League High- otne International Edi- IUEFA Champions League Soccer
League Soccer I~hs(N) tin(Live)
EWTN D~ail Mans: Our ILife on the Rock IParable IThe Holy Rosary Back Stage IThe Pure Life
:00)V oo Cardio Fi 'to Defendina Your Health" Inie riin "I~cle Hckey" Dedl Arts "Muay Thai" Maledm-
FIT TV ast A\ (CC) Mtalarts classes. CC) Acpntr.(0 ntdworld of Muay Thai.
FOX-NC Fix".. rath To'neiliy actor (cc) & itcolmes (cc) th Rencor with ereta van
FN NHL Hockey Pittsbut h Pen uins at Florida Panthers. From the BankAtlantic Center in SnIsdethe Pan- IThe FSN Final
FSNFL rse, Fla. (Subjeci to Backout (Live) thr cr(Live)
GL Top 10 Topl 10 PGATour~ GofPDS Championship FEIRstRund. From Innisbdro Resort and Golf Club
GSN. ~:00) Weakest Who Wants to Be a Millionalre A Flamily Feud IFamily Feud IHow Much Is IChain Reaction
GS ikAC) (C)(C (CC) Enuh(CC) (CC)
(:00)h Attack of X-ly(N) NnaWarrior NnaWarrior Suer Bio Prod- Attack of the Show! American Nin-
G4 e h h So!(N) utFun Show jaChallenge.
(0)Walker, Wke, Texas Ranger A woman HEGOOD WITCH (2008, Drama) Catherine Bell, (4)Murder,
HALL TxsRanger nearly gives up her dream of be- Chris Potter. Woman moves to small town and SeWrote Ar
"Full Contact" coming a Texas Ranger. A (CC) changes people's lives. (CC) (C
ByMe "Cor & IHolmes on Homes Lisa and Joe Disaster DIY Over Your Head IHammer Heads IDream House
HG TV Jcie" A1 ( C) decided to have an existing retain- IBasement. (N) A (CC) "Artist Retreat" Weonhouse.
ing wall rebuilt. A (CC) A (CC) A (CC) (N) (CC)
IN P Victory Joyce e r Love a Child Inspiration To- Llfe Today With Ths sYour Day The os
IN P veydy1fe (CC) dyJmsRobison(C)Tuh()
Reba Potential My Wlfe and Acodn to F~amil Guy Lois Family Guyn A Two and aHalf Two and aHalf
KTLA new neighbors Klds "Anniver- IJIm A(at1o loses $20,d000 (CMn A Web site MnBrothers get
upset Reba. A sary" (CC) 2)(CC) gmln.(CC) aotJake. A rn k (CC)
Reba Barbra YorMame Don't Dance Daugh- itt EYE FOR AN EYE (1996, Drama) Sally Field, Kieier Sutherland, Ed
LIFE Jendyes her tesand dads dance. (CC) Harris. Premiere. A vicious sociopath is stalked by a revenge-drivenmoh
hair red. (CC) r.(CC)
MSNBC':0 Hardballs Countdown With Keith 01ber-an L~ive With Dan Abrams Predator Raw: The Unseen Tapes
ZoeK 101~'O A ogeo Drake & Josh Home Improve- Home Improve- Geor e Lopez GereLopez
NICK (ccSquarePants A I"Josh ls Done" Iment C (CC) Iment A (CC) A (C0) A(0
00Deal or No Svio: Mlcronesla Fans vs. th Celebrlty Apprentice "Paintig ew I ~(N) AN ew
NTV ea A (CC). Favorites "He's a Ball of Goo!" yN bes(N (C) (C
SPEEDPass Time (N) Setup (N) Pinks All Out From Jupiter, Fla. Pinks All Out- ILivin' the Low
SPEED take(N) Le(N)
Joiand Behind the Michael Youssef Blshop T.D. Tis s Your Day IPralse the Lord (Live) (CC)
TEN Friends (CC) IScenes (CC) Dr. Michael Jae CC) (C
Yose.(CC)
Everybody Friends Joey Friends Chnde A A SECONDHAND LIONS (2003, Comedy-Drama) (PA) Michael
TBS Lves Rymondbailsout Rachel flsfor Joey's Caine, Robert Duvall, Haley Joel Osment. A teen hears fantastic tales

(:00) Rides "Cus- American Chopper A mecn Chopper Work continues LA Ink "Corey's Dilemma" Kat tumns
TLC tomlzed" Chevro- I"Craftsman/Diehard 1" The guys o the double b'ujld; a rivalry heats t Corey for help. (N)
let HHR. trvlto South Africa. (CC) up. (N)
(:00) NBA Basketball Cleveland Cavaliers at Chicago Bulls. From the NBA Basketball Houston Rockets at Dallas Maver-
TNT United Center in Chicago. (Live) (CC) icks. From American Airlines Center in Dallas. (Live)
(CC)
TONCamp Lazlo (N) IChowder (N) Home for Imagl- Geraof the Courage the Grim Adven- IStorm Hawks
TOON ~ ~~~~nary Frlends uge(N) Cowardly Dog trs"eoiy
TRU Cops A (CC) Best of Most Shocking Mlost Shocking Balt Car IBalt Car
TV5 ~~Os aute uneEnvoyb spicial Les Reines du roi Ie gen "Dior
CTWC (:00) bras & Whnehe er Changhn ed Histry WIeather: Evening Edition (CC)
(0)Yo Amo a AlDiablo can Los Guapos Amas de Case Desesperadas La
UiNIV JanQeednvd de cuatro amas de casa, sigu-
idosus problems diaries.
(:00) Law & Or- ILaw & Order: Special Victims Untlaw & Order: Speclal Victims UntLw&Order: Special Victims Ui
USA der: Criminal In- IBenson and Stabler are put on the B~enson and Fin are forced to team Potcin" (CC)
tnt (CC) ralof a pedophile. (CC) up to probe a murder. A
V Celebrity Rehab Celebrity Rehab With Dr. Drew C:elebrity Rehab With Dr. Drew elbtyRehab With Dr. Drew (N)
V H1WithDr. Drew Facing problems. A~ Drew challenges the patients. A A~
VSV Espeto the T~urey Revolu- Rtugser's Adven ILegendsof theRing
A A A TWISTER (1996, Action) Helen Hunt, Bill Paxton, Cary Elwes. Storm chasers race to WGN News at Nine (N) A (CC)
WGN test a new tomnado-monitoring device. A~ (CC)
Family Guy Lois ISmaliville "Persona" Bizarro poses Ire pr Sam secretly begins dating CW1News at Ten With Kaity
WPIX Ioses $20,000 as Clark, who is frozen in the Caeven though he thinks she is TnJim Watkins (N) (CC)
gambling. (CC) Ifortress. A (CC) Ithe devil's daughter. (CC)
Jeo Ipardy! (N) DI. PhilIT(CC) Mlews (N) ICeltics TV FairFrasier IFrasier Frasier
W SBK (C) andNiles want adNiles woo
pohtickets, A ib for wine.

(:15) BERNARD AND DORIS (2008, Docudrama) Su- In 1Treatment In TreatmentTh Wire "Late Editions" Freamon's
H BO-E san Sarandon. Tobacco heiress Doris Duke befriends AFmy makes a Ayconsiders hadwork pays off with a promising
her butler, Bemnard Lafferty. A 'NR' (CC) critical decision. Rejecting Jake. led (CC)


(5:45) wIr t hi DISTURBIA (2007, Suspense) Shia LeBeouf, (:45) Joe Louis: America's Hero... Betrayed The
H BO-P THE INTER- David Morse. A troubled vouth suspects his neighbor is Iconic boxer's life and career. A (CC)
PRETER (2005) serial killer. A\ 'PG-13' (CC)
(630 A A NIGHT AT THE MU- + As JUST FRIENDS (2005, Romance-Comedy) (1)BERNARD AND DORIS
HBO-W SEUM (2006, Fantasy) Ben Stiller, IRyan Reynolds, Amy Smart. A music executive tries to (20,Docudrama) Susan Saran-
Carla Gugino. A 'PG' (CC) Iwoo his high-school crush. A 'PG-13' (CC) doRalph Fiennes. A 'NR' (CC)
(6:30) A sTHE In Treatment In Treatment So-I wk it PAN'S LABYRINTH (2006, Fantasy) Sergi .6pez, Maribel
SHBO-S FEVER (2004) "Spi:Week phie's hidden \rerdll, Ivana Baquero. A mythic creature charges a girl with three tasks.
'NR' (CC) Five" A (CC) aner (CC) (:;ubtitled-English) A 'R' (CC)
MAX(6:3~5) "" TUR- (:15) is JUST MY LUCK (2006, Ron ance-Comedy) Lindsay Lohan, Att JARHEAD (2005) Jake Gl
M AX-E ISTAS(2006) CrsPine, Samaire Armstrong. A charmed woman suffers a reversal oflehl.Mrnsbdtoee ur
Josh Duhamel. fortune. A 'PG-13' (CC)in the Gulf War. A~ 'R' (CC)
MOAX THE RETURN (2006, Suspense) Sarah Michelle + As IDIOCRACY (2006, Comedy) Luke Wilson, CodConfiden- I
MO MAX Gellar. A young woman has visions of the murder of a Mlaya Rudolph, Dax She ard. A man awakens 1,000 til (CC)
woman she has never met. Ar 'PG-13' (CC) y ears in the future. A 'R (CC)
(:35) A t EMPLOYEE OF THE MONTH (2006, Comedy; Dane Cook, tis CRANK (2006, Action) Jason Statham, Ay
SHOW Jessica Simpson, Dax Shepard. iTV Two store clerks vie for a coveted Smr.iTV. A poisoned man scumres to find anatioe
award. Ar 'PG-13' (CC) wtin the hour. A\ 'R' (CC)


i\ctl a v~ tloetu' at ~c 0110 e~s in



I'O1'11\ 3:31 1\ tll 4: | 1 311~ Ci l'il~ I t C






Enjoy Great Food, Pnizes and Lots of Fun.



.1
i'm lovin' it


u L -- -----


PAGE 8B, FRIDAY, MARCH 7, 2008


A


.


L01 181111111 Lt 338 1



Soilz 18 liz S ~ ~ 113I S IT L I~


(6:00) w it A tx HARD CANDY (2006, Drama) Patrick Wilson, Ellen Page, Sandra I it~ THE HAND THAT ROCKS
AKEELAH AND (Oh. A 14-year-old girl looks to punish a suspected pedophile. A 'R' (CC) ITHE CRADLE (1992) Annabella
THE BEE (2006) ISciorra. Premiere. A 'R' (CC)


THE TRIBUNE


9~`S Ir Nra


CO~Vi' lGift Ce rt icf

I amak gre g g'*


TM C