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Permanent Link: http://ufdc.ufl.edu/UF00084249/00980
 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 18, 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: UF00084249:00980

Full Text







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Father of Anna Nicole
Smith's daughter at
coroner's inquest into
the death of her son


By NATARIO McKENZIE
LARRY Birkhead, father
of the late Anna Nicole
Smith's daughter, took the
witness stand yesterday as the
Coroner's Inquest into the
death of her son Daniel Smith,
)- 20, continued.
Birkhead, during question-
ing by attorney Neil Brath-
waite of the Attorney Gener-
al's Office, told the court that
he came to know Anna Nicole
Smith in May, 2003, while
working as a journalist and
photographer.
Birkhead said that in May,
2004, the relationship between
he and Smith became person-
al. Birkhead told the court
that he first met Daniel in
August, 2004, in Las Vegas.
He went on to state how he
eventually began living at
Smith's residence at Studio


City, California, for several
months and was back and
forth between her home and
his own apartment until May,
2006.


THIS SUV ran through the fence of the Customs office near the Queen Elizabeth Sports;Centre yesterday after th
vehicle. There was no news at presstime of the driver's condition.


SEE page 10 Cape Eleuthera


M c e Institute hosts
PLP MP declares support 'cutting edge'
for $1.2 billion resort energy study


* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
PLP MP Oswald Ingraham has declared his full support for the
new $1.2 billion resort project for central Eleuthera, but warned gov-
ernment to tread carefully in negotiations so as not to scare away the
investors during these economically unsure times.
Prime Minister Hubert Ingraham on Friday announced that the
internationally-renowned Urgo Hotels company will develop a resort
on 560 acres in central Eleuthera.
The new resort, which is expected to include three high-end hotels,
SEE page eight


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
ROCK SOUND, Eleuthera
- Researchers at the Cape
Eleuthera Institute are part of a
"cutting-edge" study which
looks at ways to create sustain-
able energy sources on the
island independent of diesel and
fossil fuels.
The centre, powered 100 per
cent by solar energy and built
from nearly 75 per cent local
materials, recycles used cook-
ing oil from nearby cruise ships
into bio-diesel fuel which pow-
ers all the vehicles at the cam-
pus.
"We have a bio-diesel
plant...(and) in collaboration
with Princess (cruise ships), we
actually take all the vegetable
oil that they've been using (for
cooking) and we have a plant
here where over the course of a
week, the oil goes through a
certain chemical process which
in turn creates bio-diesel (fuel),"
research manager Annabelle
Oronti said during a recent
media tour of the campus.
SEE page 10


I.







.
* .: .B-


E By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
MARITAL discord and the
living status of a journalist fea-
tured prominently in the elec-
tion court yesterday as the Mar-
co City case shifted to a new
phase.
So ifar, the court has heard
from Pleasant Bridgewater and
two of her campaign workers,
SEE page 10


E-mail defending Bimini Bay
impact sparks fiery responses
* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
AN E-MAIL sent to a group of scientists and other concerned
individuals from a representative of the Bimini Bay Resort
defending the development's impact on the island has sparked a
slew of fiery responses from around the world.
They refute the developer's claims to be benefiting the local
community and environment.
SEE page eight


t-


e female driver lost control of the

Three people shot
in Gambier Village
E By PAUL G TURNQUEST
Tribune Staff Reporter
ptumquest@tribunemedia.net
THREE people were rushed to
Princess Margaret Hospital on
Sunday. night after being shot in
Gambier Village near Smoke's
Bar.
Police press liaison officer, Asst
Supt Walter Evans, said shortly
before llpm on Sunday, two men
at the bar were involved in an
"altercation".
"As a result of this exchange,
gunshots were discharged, hitting a
48-year-old female to the left leg, a
32-year-old male to the right leg,
and a 23-year-old received injury to
the neck area," he said.
The 23-year-old has since been
treated and discharged from hos-
pital, Mr Evans said. The two oth-
er victims are still being detained at
hospital for treatment.
Police are still uncertain if any of
the shooting victims were the
shooters at the bar on Sunday
night.
A few hours later, police
responded to an incident at Club
Infinity on Elizabeth Avenue
where two juveniles and a 22-year-
old male were stabbed about the
body.
According to a police statement,
around 4am an altercation erupted
between two male juveniles (rela-
tives) from Yellow Elder and a 22-
SEE page eight


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PA GE 2 TUES AY, M RCH 1 200CTHE RIBU N


* By TAMARA
FERGUSON
THREE days after the funeral
of Patrick Strachan, who was shot
in the Wilson Tract area, police
say that they are continuing to
look into the matter.
Speaking with The Tribune
yesterday, press liaison officer
Assistant Superintendent Walter
Evans said that no further details
can be released about incident.
as the investigation is still lie.
Strachan was allegedly shot by
an officer during a police chase in
the Wilson Tract area on March


5 He ~. i.ikcn lo hoispii:il %here
he rcportc-dl\ died following
surgerN
Following the shooting. ASP
W\alter E\ans told the media that
the suspect w:is hit in Ihe
abdomen and a-as found in some
bushes
Contro\ers\ has emerged sur-
rounding whether r Strachan %.as
in possession of a gun at the time
of the incident.
Mr E\ans said %esterda\ that
he could not comment on this
aspect of the inm estigation at this
time.
Some residents of the area


claim that in the sake of the
shooting. their receded threats
When this was put to Mr
Evans. he said: "I am unaware
of an\ threats."
He added that if any member
ot the public has a complaint,
they should contact the Com-
plaints Section of the Royal
Bahamas Police Force.
According to Acting Assistant
Commissioner in Charge of
Crime Raymond Gibson,
follow ing the police
investigation, a decision "ill be
made regarding the status of the
officers in ol\ed.


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Proceeds to benefit

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Now, through edun LIVE's
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his love for music with his
wife and EDUN co-founder
Ali Hewson's work toward
sustained development in
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a statement.
The new signature series
t-shirt combines EDUN's
"trade for aid" ethos and
conscious consumerism with
raising funds to benefit
African cotton farmers,
while creating jobs for
African garment workers,
i said.
Proceeds from the t-shirt
sales will benefit the
Wildlife Conservation Soci-
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Initiative, which helps lift
African farmers out of
poverty by providing edu-
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agement, organic cotton
growing techniques and
wildlife conservation.
"Since it was established
in 1971, Hard Rock has
been committed to a wide
variety of philanthropic
causes and activities around
the world," the statement
noted. "In 1990, Hard Rock
International developed the
concept of partnering with
world-renowned musicians
and bands, which create
and donate imaginative
designs to be reproduced
onto t-shirts to benefit the
artist's charity of choice."
Bono is the 25th artist in
Hard Rock's signature
series, and joins music icons
and legends, including
Sting, Eric Clapton, Bruce
Springsteen, Green Day,
Ozzy Osbourne and Shaki-
ra, helping to raise millions
of dollars for a number of
charitable causes world-
wide, such as Crossroads
Centre Antigua, World
Hunger Year, Amnesty
International and more.
Hard Rock noted that its
Signature Series: Edition
XXV is printed on an edun
LIVE t-shirt made from 100
per cent African cotton and
features an image by Bono
- a fish soaring through the
moon and stars, with the
words "fish can fly..." and
Bono's signature.
Described as "an ethical
t-shirt company", edun
LIVE was created by Bono
and his wife Ali Hewson.
"edun LIVE is pleased to
be working with Hard Rock
International and the
Wildlife Conservation Soci-
ety on this project. It is tru-
ly an innovative pro-


gramme," said Ali Hewson.
"With Hard Rock's trade,
we are able to help address
the issues of poverty alle-
viation, education and con-
servation."
In 2007, Edun and the
Wildlife Consetvation Soci-
ety (WCS) established the
Conservation Cotton Ini-
tiative (CCI) to work
towards improving the
livelihoods of communities
in Africa by promoting
greater investment in sus-
tainable and ethical pro-
duction of conservation-
friendly agricultural prod-
ucts.
CCI focuses in particular
on cotton grown organical-
ly or through methods that
are part of a transition from
conventional to organic
production. The WCS cur-
rently works on sustainable
conservation farming with
farmers in Madagascar,
Uganda and Zambia. WCS
advises and works with
edun in those countries to
help farmers apply sustain-
able conservation methods
in growing cotton.


V I .


THE TRIBUNE











THE TRBUNE UESDA, MARH 18,2008,PAGES


0 In brief


Police name

man found

shot dead in

the street

* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
THE man who was found
shot dead in the road over the
weekend near Market Street
has been identified by police as
52-year-old Edward Clarke.
Clarke, the country's 16th
murder victim for the year, was
found shot to death in the street
on Friday at around 3am at Old
Boat Alley, off Market Street.
He was a resident of the area,
police said.
Early police reports suggested
that two armed men attempted
to enter a home in the inner city
neighbourhood near the time
of the murder, but were thwart-
ed when the homeowner alert-
ed neighbours of the attempted
break-in.
Residents of the area report-
edly caused a ruckus, which
prompted the assailants to flee
the area.
Gun shots were reportedly
heard as the armed men
escaped the area and Clarke's
body was later found dead in
the street with gun shot wounds.
Up to press to press time yes-
terday, police had no suspects in
custody, but were questioning
residents of the area, Chief
Superintendent Glenn Miller
told The Tribune.
A statement released by
Assistant Superintendent Wal-
ter Evans said police investiga-
tions -into the matter are con-
tinuing.





AN article in Saturday's
Tribune incorrectly stated
that police prosecutor
Inspector Althea Porter
told the court that Thomas
Harris, 24, who is accused
of unlawful sexual inter-
course with a 12-year-old
girl, was already on $8,000
bail for another matter.
What the article should
have stated was that
Inspector Porter indicated
that Harris had been given
$8,000 police bail for the
same charge and not in
relation to another matter.
The Tribune apologises
for any inconvenience this
error may have caused.


Share

your

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




I cal ] i e I i atpI -


FERGUSON HITS BACK AT FRED MITCHELL OVER PROJECT CORRESPONDENCE




PLP embarrassed by Baha Mar




revelations, says FNM chairman


FNM chairman Johnley Fer-
guson hit back at opposition MP
Fred Mitchell yesterday over
the Baha Mar correspondence
issue claiming that members
of the former government are
just embarrassed that their
negotiations have been made
public.
Mr Mitchell was quoted in
the press yesterday as criticis-
ing the FNM government for
tabling in the House of Assem-
bly letters related to the Baha
Mar resort project, which has
become mired in uncertainty
since the pull-out of entertain-
ment giant Harrah's from the
deal.
The former minister of for-
eign affairs said that the tabling
of these letters violated "the
confidence of negotiations going
back and forth between
investors and the government".
In a statement issued yester-
day, Mr Ferguson responded,
saying: "We suggest that Mr
Mitchell and his colleagues in
the PLP are not one little bit
concerned about any violation
of confidence in the tabling of
these letters. The truth is that
they are embarrassed by the
revelations contained in the let-
ters which clearly indicate that
their government was incom-
petent, ineffective and untrust-
worthy during those negotia-
tions."
Furthermore, he said, mem-
bers of the former government
are annoyed that the tabling of
the letters shows that contrary
to their suggestions, the FNM
was not responsible for the dif-
ficulties plaguing the project.
In the wake of the announce-
ment last week that Harrah's
was withdrawing from the deal,
some in the PLP sought to
blame Prime Minister Hubert
Ingraham, who had declared
the week before that he was not
convinced about the ability of
Baha Mar to meet its financial
commitments. The FNM have
denied this, pointing out that
Harrah's had doubts before Mr


* BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT A police offi-
cer on Grand Bahama was
arraigned yesterday in the
Freeport Magistrates Court on
bribery charges.
Constable 2723 Pierre Mar-
tin, who was attached to the
West End Division, appeared
in Court Three before Magis-
trate Helen Jones.
He was charged with one
count of soliciting a bribe and
two counts of accepting a bribe.
Attorney Carlson Shurland rep-


"The truth is they (the PLP) are embarrassed by the
revelations contained in the letters which clearly
indicate that their government was incompetent,
ineffective and untrustworthy during those
negotiations."

FNM chairman Johnley Ferguson


Ingraham made these com-
ments.
Mr Ferguson said it is clear
that for years former govern-
ment members were "talking
and staging photo opportuni-
ties when they should have been
negotiating, giving undertakings
to the investors which they
failed to fulfill, and plotting to
keep the Bahamian people in
the dark about the true state of
affairs."
Mr Ferguson said it is true
that confidentiality is sometimes
required at crucial stages of a
negotiating process but said Mr
Mitchell misses an important
point that there are now no
"negotiations going back and
forth" between investors and
the PLP government.
"Any confidentiality that may
have been required at any point


has long since fallen away, and
the FNM government rightly
decided to give the Bahamian
people a full accounting after
picking up the pieces and trying
to straighten out the mess left
behind by the PLP," Mr Fergu-
son said.
He said the FNM is proud
that "at long last" both the
Bahamian people and investors
have a government that is
"capable of providing leader-
ship and accountability".
Over the weekend, Mr
Mitchell also hit out at the FNM
over claims that the PLP gov-
ernment intended to sell Good-
man's Bay and "give away"
large tracts of Crown Land to
Baha Mar.
Mr Mitchell said that such
suggestions are "completely
untrue".


ARRAIGNED:Costablei


resented Martin, who pleaded
not guilty to the charges.
Bail was set in the amount of


$5,000 with one or two sureties
and the matter was adjourned
to June 30.


"The fact is, any alienation
or disposition of public lands
was in exchange for fair value,
not a giveaway. Further, any
disposition of land was by way
of a condition that Baha Mar
had to perform what it
promised with regard to resort
development," Mr Mitchell
said. "If they failed to perform
then the best they could expect
was a lease and not the fee sim-
ple in the land.
"No matter what any devel-
oper would have desired, Good-
man's Bay was to my knowl-
edge always off the table. Our
government went as far as to
buy the property to the north
of Goodman's Bay and many
in the then government were
prepared to support the pur-
chase of all of the properties for
sale to the north of Goodman's


(


Augusta Street man accused of rape
A 29-year-old Augusta Street man was nection with the same matter last month. Babbs,
arraigned in Magistrate's Court yesterday on a who appeared before Magistrate Carolita Bethel
rape charge. yesterday, was not required to plead to the charge.
It was alleged that on Wednesday, February 13, He was granted $15,000 bail.
Lathario Babbs raped a 16-year-old girl. The matter was adjourned to April 2 for a fix-
Deshannon Rolle, 19, was arraigned in con- ture.


Bay to ensure that those prop-
erties were in the public domain
and to protect access and use
of the additional beach space
for the Bahamian people," he
said.
Last night Mr. Mitchell issued
the following response.
"Mr Ferguson is not at the
level of political competence to
answer my comments.
"He is not a Cabinet minister
and therefore cannot speak on
behalf of the FNM government.
This is not a time for back and
forth with political hacks but it
is time for the Prime Minister
Hubert Ingraham and his Cab-
inet ministers to take seriously
their role, in government. The
fact is Prime Minister Hubert
Ingraham blew this Baha Mar
deal.
"They came to office,
dithered, dillied and dallied and
now want to shift the blame on
the PLP.
"When will the prime minis-
ter and his Cabinet colleagues
and by extension his party
hatchet men get serious and get
their acts together and get to
work and stop blaming the PLP
for everything and the kitchen
sink. Seventy per cent of the
contractors are out of work in
this country according to the
Chamber of Commerce Presi-
dent. Do they care who is to
blame? These contractors want
work.
"They need to feed their fam-
ilies. Mr. Ferguson can play
word games all he likes.
"His party and the Prime
Minister wrecked the deal.
They should heed the words of
former Prime Minister Christie
when he said that a real prime
minister would not complain
but would get to work trying to
save this deal.
"Mr. Ferguson should tell his
leader the truth about the dam-
age Mr. Ingraham has done to
this country in nine short
months... He owes the country
an apology for wrecking the
Bahamar deal. "


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TUESDAY, MARCH 18, 2008, PAGE 3


Polic





officer


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THE TRIBUNE










PAGE4,TUESDAYMARCIHT18,I2008TTOTHEEDITORHIB


ONE OF former prime minister Per-
ry Christie's biggest mistakes was his knack
of counting eggs in his political basket before
e the golden hen had laid them.
We were always hearing about a bil-
lion dollar investment here and a $3 bil-
lion there, and his comment during the elec
tion that the PLP's greatest achieve-
ment was bringing more than $18 bil-
lion capital investment into the coun-
try. However, although some invest-
ments did start, what Mr Christie talked ab
out never seemed to match what could be s
een on the ground. Certainly nothing of wh
at he bragged benefited the average Baham
ian. They soon turned sceptical.
For example in all of Mr Christie's pro-
nouncements on how near government was
to sealing the deal with Baha Mar, the pub-
lic did not know that behind the scenes in 2
006, Sarkis Izmirlian, had written a let-
ter to Mr Christie informing him that unless
his government "delivers on the much adve
rtised partnership between the govern-
ment and Baha Mar" he was "seriously con
sidering whether investing billions of dol-
lars in this country is the right deci-
sion." He remindedMr Christie that "lead-
ership and accountability" was "urgent-
ly required to turn this commitment into act
ion."
Where were all of these many invest-
ments that Mr Christie and his col-
leagues had talked about? Possibly Mr Ingr
aham discovered the answer when he told t
he House he believed Fox Hill MP Fred Mi
tchell had summed it up in comments he m
ade in the House the previous day. Said Mr
Ingraham: "He said words to the effect 'you
have to sign as many of them (Heads of Ag
reement) as you can because only a few will
come to fruition."
"Apparently," said Mr Ingraham, "nei-
ther he nor his colleagues understood that a
government means looking after and tak-
ing care of the interests of the people.
"When you look after the interest of the
people, you evaluate risks carefully and you
go with the best; those with the great-
est potential to succeed and from which the
greatest benefit would be derived.
"What he, and clearly the leadership und
er which he served didn't understand was th
at every time they approved projects that w


ere poorly structured or not funded they ris
ked the transfer of large parcels of land to f
foreign ownership. When such develop-
ments were not realized the land con-
cerned is sometimes blocked from devel-
opment by others, including Bahamians."
Mr Ingraham said that this was not new.
It was an old PLP policy, he told the House.
"The first PLP government followed it reli-
giously."
He said that that was "why even today th
ere are large tracts of land all over our coun
try owned by foreign entities that, once upo
n a time, had a great idea for a develop-
ment project that regrettably never got off t
he ground."
He pointed out that North Andros MP
Vincent Peet (PLP) had said his govern-
ment had signed Heads of Agreement to cr
eate jobs. "North Andros," scoffed Mr Ingr
aham, "is still waiting for the jobs he claims
to have created."
This is why throughout the private cor-
respondence between government and Bah
a Mar a note of unease can be detected fro
m Harrah's as Baha Mar tried to get a guar-
antee from the Christie government "with r
respect to enforceability of Treasurer land tr
ansfers."
The Christie government had put con-
ditions on the transfer of the land in case th
e developers did not make good on their de
al. Mr Ingraham also protected the peo-
ple's land by making it clear that the land w
would only be transferred "if and when Baha
Mar honours the deal. And if the deal is not
honoured by March 2009, then there will b
e no deal."
Therefore, although the Ingraham gov-
ernment has promised to honour all that wa
s outlined in the Resolution for the Baha M
ar land transfers on March 5 before Har-
rah's walked away from the deal should
Baha Mar also walk away the Bahamas will
still own its Cable Beach land.
Mr Ingraham said that a government sho
uld never forget that "the principal rea-
son why any government engages itself in at
tracing foreign investment is, and must be,
its desire to achieve high levels of sustain-
able economic growth and development for
its country resulting in job creation, entre-
preneurial and social opportunity for its cit-
izens."


Loose


lips


are able to


The Tribune Limited
NULLIUSADDICTUSJURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmas of No Master

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


sink

EDITOR, The Tribune.
POLITICIANS, all over the
world, are known to have huge
egos and are thinned skinned
right to the bone. Our local
politicians are no different, in known as
my humble submission. ing cream
The phenomenon about the of parliar
vast majority of political ani- Having
mals is that even before they now elus
are elected to high office or ment with
before seizing power by the gun, and whi]
they act and behave as if they obtainin
are the fount of all knowledge approval
and that they are, collectively, tain land,
God's greatest gifts to an oth- no real ne
erwise devoid humanity. ed remar]
No one in The Bahamas, save Within
with the possible exception of mentary 1
his immediate family and issued an
Alphonso 'Boogaloo' Elliot, ment to tl
reputedly his best friend, have aftei, the
supported the Rt Hon Prime Harrahs,
Minister, Hubert Alexander that it wa
Ingraham, MP, PC, more than in doing1
Ortland H Bodie Jr, I make no Bahamas
apologies for this fact. Let me deal the'
also hasten to say, however, that being uni
I am not an FNM and have not The lo
been a registered PLP since the repercuss
most untimely and greatly pling bet
lamented death of the late great Harrahs \
Sir Lynden Oscar Pindling. ans imme
In Bahamian dialect there is message
an aged old expression that: express r
'Loose lips are able to sink foreign in
ships....' This has now been able to
vividly demonstrated by the administi
recent remarks attributed to the sanctity (
PM in the House of Assembly a by the ou
few days ago. During a most How r
unusual outburst and, perhaps have bee
over zealous posturing, the PM Baha M
stated that he had doubts as to recovered
the financial viability of the against th
developers at Baha Mar to pro- Bahamas
ceed with their 2.6 billion dol- ing in par
lars proposed investment, members
When I first read and heard or not the
of those remarks, I, as a trained 10,000 jol
lawyer and economist, was Mar inv
somewhat taken aback by the abrupt d
tone of those remarks and the none of t
body language of the PM while to waste 1
uttering what will come to be Whate'


ships

Ufor badly needed jobs are gone,
apparently, due to loose lips.
Who cares that thousands of
Bahamians will continue to
remain unemployed and unable
to take care of themselves and
responsible shav- their families? Not the Mem-
the hallowed halls bers of Parliament, who, in the
t. main, are all lawyers; doctors
t renegotiated the and millionaires to boot.
Heads of Agree- Again, I say, this is not what
Baha Mar Group we expected in May, 2007.
n the process of Somewhere along the way, the
parliamentary FNM and its leaders, appear to
the transfer of cer- have become either lost or way-
-re was absolutely laid mere weeks after coming
for the PM's ill fat- to office. This is so sad because
it is only the small man and
's after this parlia- woman who will be adversely
co, the developers affected by this naked assault
remarkable state- on the confidence of foreign
ress. Shortly there- investors.
A casino magnate, As a Bahamian, I am now
formed Baha Mar resolved to move beyond polit-
longer interested ical tribalism and shaving
business in The cream. Our nation is at the cross
id that whatever roads and even miniscule coun-
ay have had was tries like the Turks & Caicos
rally terminated. Islands, led by a fresh and
and international visionary leader, Dr Michael
s from this decou- Missick, are fast out-pacing The
-n Baha Mar and Bahamas. Why is this?
be felt by Bahami- I love the Prime Minister like
itely. What is the an older brother but, even with
it has been sent, my biological siblings, there are
, to the potential times when I am obliged to call
stor? Will they be a spade a spade.
st an incoming Loose lips are more than
on to observe the capable of sinking ships.
contracts executed I would urge the PM to
ing one? secure the skills of prudent and
h monies would trained speech writers immedi-
pent, to date, by ately.
and can they be There are times to play cute
y way of damages, and there are times when one
government of The must appear to be statesman-
luring the bicker- like.
nent, some learned To God then, Who -will see
tied over whether us through the inevitable rough
would be 5,000 or months and years ahead, in all
*eated by the Baha things, be the glory.
ment. With the
rture of Harrahs, ORTLAND
a need to continue H BODIE JR
on semantics. Nassau,
prospects we had March 8, 2008.


Our representatives need to pay attention


EDITOR, The Tribune.
I READ two articles in your
March 4, edition one about
BEC losing $11m and one
about the Water and Sewerage
Corporation experiencing seri-
ous financial difficulties.
Certainly in the case of BEC
the rates they charge are among
the highest in the world and
they still are unable to make a
profit and I would guess the
Water and Sewerage Corpora-
tion also has high rates.
My question is what are those


who represent us in the House
of Assembly doing about this
situation as it seems they want
to control these loss making,
high charging corporations.
I suggest they start to pay
attention as to what is going on
in this lovely country stop
playing at politics, forget
bruised egos, and start acting
like responsible adults on both
sides of the House every
time you read about so-called
debates in the House of Assem-
bly it is usually a verbal slanging
match about somebody's hurt


pride. Please Members of the
House, you are intelligent peo-
ple, let's make a start and per-
haps BEC and the Water Cor-
poration are good places to
begin to steer this country which
has everything going for it for-
ward in the direction that I am
sure the people want a quiet
life and low bills.

PATRICK THOMSON
Nassau,
March, 2008.


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contact: Ms. Nedra Carey, Mr. Caudray Pratt
and Ms. Evelynda Smith Ph: 323-4488 at your
earliest convenience.



Rosetta Booth

Cornelius Burrows

Jason Griffin

Lawson Sweeting

David Smith

Rodger Steal

Vinslo Billups

Gregory Taylor

Michell Simmons

Mervin Musgrove

Melita Barr

Stanley Albury


THE TRIBUNE


PAGE 4, TUESDAY, MARCH 18, 2008













0 In brief

UK parents of
toddler killed

by speedboat
set to return
to Nassau

THE British parents of a tod-
dler killed by a speedboat on
Paradise Island six years ago
will return to Nassau next
month.
Paul and Andrea Gallagher
will fly to the Bahamas to wit-
ness what they hope will be the
last act in a drama dating back
to August, 2002, when a family
holiday turned to tragedy.
The couple intend to be in
the Supreme Court for a hear-
ing which, they hope, will deter-
mine why their two-year-old
son, Paul Jnr, died during a fam-
ily picnic on the beach.
Three men will face charges
relating to incident, when an
out-of-control speedboat roared
out of the sea and struck Paul
Jnr's pushchair.
The couple, from Orpington,
Kent, claim to have spent all
their life savings $100,000 in
their fight for justice.

Bimini Bay Resort
security guard
charged with
drug possession

BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT A security
guard at the Bimini Bay Resort
was charged with drug posses-
sion in the Magistrates Court
in Bimini on Friday.
Leslie McIntosh, 30, of the
Yacht Club Apartments, South
Bimini, pleaded guilty to pos-
session of dangerous drugs.
According to reports, McIn-
tosh was on duty at the Bimini
. Bay-Resort when he was arrest-
ed by police.
Superintendent Basil Rah-
ming said that the officers, act-
ing on information from
sources, went to the Resort
around 3.55pm on Thursday
and confronted McIntosh.
He was searched by the offi-
cers, who discovered a clear
plastic bag containing a quanti-
ty of marijuana in his pocket.
After McIntosh was taken
into custody, officers obtained a
search warrant for his house.
During a search of the
premises, officers reportedly
retrieved two clear plastic bags,
also containing marijuana.
Supt Rahming said the total
weight of the marijuana seized
was one ounce.
McIntosh was sentenced to
pay a fine of $1,000, or serve
three months in prison.
The drugs were ordered to
be destroyed.

T i;oP IL
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TUESDAY, MARCH 18, 2008, PAGE 5


LOA'NW


Equipment to be




provided for North




Andros farmers


ESTELLA HUNTER shows BAIC executive chairman
Edison Key how casuarina pods and coconut combine
to make a jewellery box.


* By Gladstone Thurston
North Andros
Farmers are to be provided
with equipment under a plan
proposed by the Bahamas Agri-
cultural and Industrial Corpo-
ration to accelerate food pro-
duction.
BAIC executive chairman
Edison Key said the govern-
ment has given the green light
"to make agriculture a success"
in the Bahamas.
The guest speaker at the
opening ceremony of the 16th
North Andros Music and Arts
Festival in Seaview Park,
Nicholl's Town, Mr. Key
unveiled his vision for Andros
as the nation's breadbasket.
The festival, which coincides
with the International Day cer-
emony, brought together resi-
dents, tourists and visitors from
other islands in a weekend of
things Androsian.
It was organised by cultural
activist and educator Clara
Evans of the Nicholls Town pri-
mary school. North Andros and
Berry Islands MP Vincent Peet,
South Andros MP Picewell
Forbes and senior administra-
tor Dr Huntley Christie were
also in attendance.
Mr Key, the MP for South
Abaco, said BAIC, through the
government, is acquiring more
than 500 acres of fertile farm
land in North Andros.
"We want to turn that land
over to persons who are seri-
ous about farming and food
production," said Mr Key. "Our
aim is to return Andros as the


BAIC EXECUTIVE CHAIRMAN Edison Key admires
an attractive piece from Red Bays exhibited by
Peggy Colebrooke.


BAIC Executive Chairman Edison M Key (left) and North Andros and the
Berry Islands MP, Vincent Peet, share a few thoughts during last weekend's
North Andros Festival.


breadbasket of the Bahamas."
Mr Key had earlier told
North Andros farmers of
BAIC's desire to assist them by
purchasing for their use, trac-
tors and disking equipment.
"The board of BAIC has
approved the plan," he said.
"We are going forward with the
purchase of the equipment for
North Andros farmers. I see
Andros as a sleeping agricul-
tural giant waiting to be awak-
ened to the lucrative world of
food production.
"Andros alone can feed the
Bahamas and export. To
accomplish that would open
opportunities never before
dreamed of."
Prime Minister Hubert Ingra-
ham "has given us the go-ahead
to make agriculture a success
in this country," he added.
"In this regard, I have a
vision," Mr Key said. "I see
Andros as the food bank of the


RED BAY'S Wilton Russell strikes up a tune for BAIC executive chairman
Edison M Key (left) and his secretary Lovelee McQueen.


Under the distinguished patronage of their excellencies
The Hon. Arthur D. Hanna, Govenor General and Mrs. Hanna

'T'he Bahamas IlationaCYouth Choir

celebrating 25 Years

presents its
18th nnua Concert Season Dutufas Centre for
T'he Performing !Arts, Mackey Street

!'tarclC 25 29, 200o8 at 8:30 p.m.


Tickets $15.00 March 26 29 /
Gala Tickets $50.00 March 25


Call 393-3728
/ Call 393-3226


Guest Artist

Mtr. Lee Calfencder,'pianist


Bahamas.. .with packing houses
and canneries; food being
processed, packed and shipped
out in 40-foot containers on fast
ferries to Nassau, Abaco, Grand
Bahama, Exuma and elsewhere,
including for export."
Mr Key said the Ministry of
Agriculture and Marine
Resources and BAIC are going
to focus on opening avenues for
North Andros to fulfill its
potential "in a big way."


THE TRIBUNE


I.
i a
Beaut~ioflb



natur,



glamorou


Nikki Beach, one of the world's most recognisable lifestyle
and entertainment brands, is expanding into the luxury bou-
tique hotel and resort business with the introduction of its first
full-service resort and marina complex in the Turks and
Caicos.
Opening April 5, Nikki Beach Resort Turks and Caicos is
reportedly the first of 15 new hotels and resorts located in 12
countries around the world.
The resort features luxury studios, and one- and two-bed-
room suites. "Known for its glamorous star-studded parties
and an incomparable dining experience surrounded by Nikki
Beach music, beautiful people and great wines, Nikki Beach's
flagship resort in Turks and Caicos offers guests a unique
vacation concept combining five-star service, luxury accom-
modations, design and ambiance with signature entertain-
ment in an international, jet-set resort environment," said a
statement from the company.
Phase One of the project includes a 48-room resort along
with the signature Nikki Beach Club, the VIP Ultra Lounge as
well as the largest mega-yacht marina in the Turks and Caicos.
Phase Two, which will open in 2010, will add an additional
110-room resort, casino and spa, said the statement.
"We are thrilled to welcome our first VIP guests at Nikki
Beach Resort," said Gary Sims, president of Nikki Beach
Hotels and Resorts. "Our formula for creating a luxury lifestyle
experience will raise the bar for elite travel in the Caribbean
and place Turks and Caicos on par with destinations synony-
mous with playgrounds for the rich and famous such as
Cannes, St Tropez, Cabo San Lucas, Marrekech and St
Barths."
Nikki Beach Resort will celebrate its grand opening on
April 5 in true Nikki fashion with a traditional Nikki Beach
White Party, "showcasing well-known international DJs and
unique entertainment," the company said.
"An international A-list of beautiful celebrities and upper
echelon VIPs will converge on this exclusive island paradise
under the inquisitive eyes of the worldwide media," it said.
To meet the demands of Nikki Beach's high-profile clientele,
the resort's owners have developed the Turks and Caicos
Yacht Club, a 110-slip mega-yacht marina complex accom-
modating vessels up to 200 feet with an on-site Customs and
Immigration office and a VIP lounge for crews.
"The Turks and Caicos Yacht Club marina is the world's
first eco-marina with state-of-the-art technology designed,
built and operated to exceed all 22 Guidance Notes to the Blue
Flag Marina Criteria and protective of the marine ecology of
Turks & Caicos' pristine turquoise waters," said the state-
ment.







THE TRIBUNE


PAGE 6. TUESDAY. MARCH 18, 2008


LOA NW


* In brief

A victorious
return to
Abaco for
winner of
spelling bee
A VICTORY parade
was held in Abaco yes-
terday for national
spelling bee winner
Roberta Dean-McIn-
tosh.
The student, from St
Francis de Sales School
in Marsh Harbour, was
feted by locals on her
return to the island
from Nassau.
Ms Dean-McIntosh
survived 18 gruelling
rounds to win the com-
petition and a chance
to represent The
Bahamas in Washing-
ton DC in May at the
Scripps National
Spelling Bee.

Title
She was one of 19
finalists who battled
for the title at Super-
Clubs Breezes on Sun-
day. Around 35,000
students from public
and private schools
originally took part in
the competition.
Mica Cunningham of
St Augustine's, Nassau,
was runner-up with
Brittany Saunders and
Connor Aberle tying
for third place.
An Abaco resident
told The Tribune yes-
terday: "When Roberta
got back to the island,
there was a reception
committee and victory
parade.
"The girl was very
excited about her win -
but she was very upset
that one newspaper
said she was from
Andros!"
Now Roberta is
brushing up her
spelling for her next
big challenge in the US
in two months time.
GOVERNMENT
officials were attending
a public meeting at
Green Turtle Cay,
Abaco, last night to
discuss the creation of
a marine protection
area at Manjack
Cay.
The proposal is to
establish a "no take"
area at the two-mile
long cay, which is
about two miles north
of Green Turtle.
Fisheries officials
believe a marine pro-
tection area is the best
way to preserve stocks.


The Miss Universe Bahamas



Crown is won by Sacha Scott


SACHA SCOTT is dressed for success on Sunday night at the
Wyndham Nassau Resort. Miss Scott was the winner of the
Miss Universe Bahamas title.


Billy Thomas overcomes broken

wrist to win Wahoo Championship 3.-


GRAND BAHAMA
ISLAND A broken wrist and
a broken lower shaft, unit could
not prevent Billy Thomas from
accumulating enough points to
win the 2007-2008 Bahamas
Wahoo Championship.
This is the second time that
Billy and his team have won the


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overall title for the Wahoo
Championship, the first coming
in the 2003-2004 series.
The top seven heaviest Wahoo
weighed in by Savanna Lynn
weighed 397.0 points and
outscored second place Svengali,
owned by Marshall Leeds by 50.5
points, 397.0 to 346.5 or, as they
say on the docks, one big Wahoo!
Cloud Nine, owned by Dou-
glas Dunlap, was only 13 points
behind in third place. Two boats
made a last-minute rush for the
title with Timeless earning fourth
place with 319.0 points and Fishin
A Loan fifth with 311.5 points,
edging out last year's champions
Zephyros by a mere half a point.
Several standings were decided
on the last day of fishing.


THE CREW of Savanna Lynn pose for an official photo with tourna-
ment committee members and tourism representative at Grand
Bahama Yacht Club. The Savanna Lynn team are the Bahamas
Wahoo Champions for 2007-2008.


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THETRIBUNETUESDAYMARCH18,2008,PAGELOCALNEW7


Bahamian

crew praised

for retrieval

of vital

medication
THE Bahamian crew
of a Nassau ferryboat
came in for high praise
yesterday after they
retrieved a tiny bottle of
vital medication from
the sea after a woman
passenger accidentally
dropped it overboard.
The crew of Porpoise
Two, which plies
between Prince George
Wharf and Paradise
Island, leaned over the
side with bucket and
grappling hook to grab
the bottle before it hit
the bottom.
Passengers, who
praised the men's quick
reaction, said it was
miraculous that they
were able to identify and
retrieve such a small but
vital item from deep
water.

Impressed
"Everyone was
impressed by the quiet,
swift way they went
about it," said one pas-
senger. "Bahamians .
often get criticised in the
way they handle tourists,
but these guys were out-
standing in the way they
went about their work."
The woman, a cruise
ship passenger who had
spent the day on Par-
adise Island, was board-
ing the ferryboat to
return to Nassau when
she accidentally dropped
the medication over-
board.
"It was clearly very
important to her," said
the passenger, "and she
obviously felt there. was
no chance of getting it
back."
But the crew's quick
thinking saved the day.


Bank of the Bahamas International


branches out to South Florida


* By LLONELLA GILBERT
THE Bank of the Bahamas
International has expanded to
South Florida with a new loca-
tion at Coral Gables.
The bank knows it must push
forward, providing services and
products to meet the demands
of clientele wherever they are,
Minister of State for Finance
Zhivargo Laing said at the
opening of Bank of the
Bahamas (BOB) Financial Ser-
vices, a wholly owned sub-
sidiary.
Mr Laing said BOB Interna-
tional has come a long way from
1988 when it first opened with
assets valued at $90 million and
a single location in Nassau.
He explained that today, the
bank's assets are valued at $900
million, and it has a physical
presence in a number of Family
Islands.
"That the bank has made this
leap to establish a physical pres-
ence in Florida, the first for any
Bahamian retail bank, should
not surprise us however," Mr
Laing said. "The Bank of the
Bahamas today is led by a
visionary and forward-looking
managing director who is sup-
ported by a team of Bahamian
professionals at both the board
and management level that
understands the dynamic nature
of the global marketplace."
Mr Laing noted that the Unit-
ed States is the Bahamas'
largest trading partner and the
state of Florida is the principal
hub of that trade.
"Annually, some five million
souls enter the Bahamian
shores spending almost $2 bil-
lion. Some 80 per cent of those
persons come from the USA
and at least 70 per cent from
the State of Florida itself.
"Their patronage of our
homeland has made us one of
the most prosperous countries
among those of the developing
world."
Mr Laing added that Bahami-
ans spend more than $2.5 bil-
lion in Florida alone on shop-
ping, education, medication and
recreation.
Senior manager of the bank
Paul McWeeney said BOB
International has won several
awards and was the first


u-


ZSA.ZSA LAING, wife of Minister of State for Finance Zhivargo Laing, cuts the ribbon to officially open the Miami branch on Friday, March
14. Shown from left are Mrs McWeeney, Paul McWeeny, managing director; Sam Haven, senior manager for international operations; Mrs
Laing and Minister Laing.


Bahamian bank to wiii the pres-
tigious Bracken Award from
the Financial Times of London
and the Country Bank of the
Year from Euromoney Maga-
zine.
He also noted that in 2007 it
was selected by its peers in the
financial services industry as the
Bahamas' Financial Services
Board honouree.
Mr McWeeney said although
goods, services and people
move back and forth between
the Bahamas and the US in a
steady, ever-flowing stream, the
process of doing business has
been impeded by the lack of
facilities.
"While adhering to all Cen-
tral Bank guidelines, the physi-
cal presence of BOB Financial
Services enhances and facili-
tates trade, allows parents to
more easily and readily provide
funds for children in high school
or college abroad, permits
Bahamians to make purchases


for both business and personal
use with less frustration and
stress and in an important role,
eases the burden of those who
need to access funds for medical
treatment."
Mr McWeeney explained th'at
these products and services are
only the beginning of what
promises to be a period of
transformation in the delivery
of financial services and prod-
uct .) the bank's customers.
"With the anticipated dis-
mantling of the exchange con-
trol regime, functionality of ser-
vices and new delivery methods
will be introduced such as a
suite of retail trade finance
products that will surely assist in
lowering the cost to Bahamians
of landed goods without nega-
tively impacting the collection
of important government rev-
enue, while positively influenc-
ing the movement of external
reserves the fuel of the
Bahamas' economic engine."


MINISTER OF State for Finance Zhivargo Laing speaks at the official
opening ceremony in Coral Gables, Florida.


Schedule of Services for Holy Week & Easter
March 16th March 23rd, 2008


Sunday March 16th Sunday of The
Passion & Palm Sunday


Distribution of Palms & Holy Eucharist

The Liturgy of the Palms
Procession & Liturgy for Palm Sunday

Blessing & Distribution of Palms
Holy Eucharist

Evensong, Sermon & Benediction


xl
I
\


Monday March 17th 1:00 p.m.
Holy Eucharist

Tuesday March 18th 7:00 a.m. & 12:30 p.m.
Holy Eucharist

Wednesday March 19th 7:00 a.m. & 1:00 p.m.
Holy Eucharist

7:30 p.m. Liturgy of the Renewal of Priestly Vb
& Blessing of Holy Oils ,

Thursday March20th Maundy Thursday 7:30 p.
Commemoration of the Last Supper, Washing of Feet & "
Watch before the Altar of Repose
S.a 9: a.m.






9,SPi



Euchaist
11:1 a~m Hol Eucaris


Bahamas Bus & Truck Co., Ltd.
Montrose Avenue

Phone:322-1722 Fax: 326-7452



EXTRA, EXTRA,


|EXTRA,

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of
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. New Shipments Arrived





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Get Your First Choice

For Easy Financing

Bank And Insurance


On Premises
Check Our Prices
Before buying



CALL3SS,2SSS2


7:30 a.m.

8:45 a.m.

11:15 a.m.

6:00 p.m.


THE TRIBUNE


TUESDAY, MARCH 18, 2008, PAGE 7








THE TRIBUNE


PAGE 8, TUESDAY, MARCH 18, 2008


LOCALNWI


Share your news

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



KEMP'S FUNERAL HOME LIMITED
22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas

0 fIU i ll1 1 1,11 1aCi


Mr. Minnis is survived by his wife,
Jennefer Minnis; sons, Sterling, Russell, Quentin and Roy
Minnis; daughters, Jedda Wong and Sonya Minnis;
grandsons, Marlon Wong, Jaden Minnis, Sufian Minnis
and Jonathan Minnis; granddaughters, Kristen Wong,
Simone Wong, Sophie Wong and Jannah Minnis; brother,
Randolph Minnis; sister, Virginia Mortimer; son-in-law,
Patrick Wong; daughters-in-law, Lynette Minnis and Monika
Minnis; numerous other relatives and many friends, Leander
Minnis.

Relatives and friends may pay their respects at Kemp's
Funeral Home Limited, 22 Palmdale Avenue, Palmdale on
Wednesday, 19th March, 2008 from 4:00p.m. to 6:00p.m.

Instead of flowers the family request that donations be sent
to a charity of your choice in memory of Herbert H. Minnis.

A private service will be held in memory of Mr. Herbert
H. Minnis.

Arrangements by Kemp's Funeral Home Limited.




Rxch of jAg cs Ffuntral QIappy


Wulff Road & Pinedale
Tel: 323-3800 or 322-1431 Fax:


328-8852


ALLISON EUGENE
DELEVEAUX, 58
a resident of Major's Cay
Crooked Island, will be held at
St. Agnes Anglican Church on
Blue Road, on Wednesday at
3pm. Officiating will be
Archdeacon Keith Cartwright
and Fr. Franklyn Colebrooke
assisted by Archdeacon Cornell
Moss, Fr. Curtis Robinson and
Rev. Fr. John Kabiga. Interment
follows in Lakeview Memorial
Gardens,.J.F. K. Drive.
He is survived by his wife; Mrs.
Alsette Deleveaux; mother, Naomi Deleveaux; son, Kirkland Dean;
sisters, Annette Moss Pohlemus; Dollymae Hanna and Janice
Deleveaux; brothers, Huden, Alvin, Beauford and Rodman Deleveaux;
brothers-in-law, Rufus, Pohlemus, Ehud Hanna, Niccolo, Lester,
Vasco, Dugald and Shoghi Small; sisters-in-law, Muriel Mitchell,
Beulah Small, Virgil Knowles, Musienne McDonald, Eldeace Wright,
Frances, Antoinette, and Robertha Deleveaux; nieces and nephews,
Doretha, Judy, Antoinette, Barbara, Karen, Jacqueline, Raquel, Antonia,
Vanessa, Corliss, Pamela, Nadia, Manuella, Anethera, Kendra, Vemera,
Vanessa, Anishka, Rawsette, Tisah, Lisa, Rebecca, Ruth, Bethsheba,
Bridgette and Donzella, Anna Maria and Temma, Antonio, Sterling,
Nelson, Philemon, Elwood, Kelson, Rodman Jr. and Beauford Jr,
Coridon, Craig, Darren, Shoghi Jr, Christeph, Franchot, Shadwell,
Herchell, Matthew, Rev. Daniel Small, Stanten and numerous other
nieces and nephews; grandchildren, Kirnique, Kirkland Jr., Brittany,
Brandy and Anphemey Dean; uncles and aunts, Mr. and Mrs. Edison
and Patronella Deleveaux, Florence Anderson, Wilbert Moss, Garth
Greene, Edward, Rosemary Moss, Eunice Brown; other family and
friends including, Darrel Moss, Gerald and Daphne Cunningham,
Carl and Bloneva Ferguson, Priscilla and Robert Farquharson, Miss
Gretal Dean, Wilma and Tiffany Moss, Kayla Rolle, Yvonne Moss,
Mae Brown, Dr. Phillip McPhee, David Beneby, Ernest Moss, David
and Rosie Daxon, Administrator Franceta Neilly, Hylene Moss, Sharon
Scavella, Marina Gibson, Rhionda Godet, Leroy and Shirley Ferguson,
Annafaye Knowles, Mr. and Mrs. Gamell Dames, Kathlean Ferguson,
Cynthia Ferguson, Tirzah Williams and Mr. V. Alfred Gray, Member
of Parliament for MICAL and Perry G. Christie Member of Parliament
for Centreville, Jeffrey Forbes and Valdorene Moss, Basil Simms,
Bishop Sam and Shirley Greene, Bishop John and Jenny Humes,
Rose Rolle, Edward Miller, Willie of Salina Point, Marguerita, Paula
and Stephanie Small, Hermis Edwards, Nevilon Gaitor and Family,
Rev'd. Donald Carey and Faihily, Michael Weech, Ramon Lightbourne,
Wayne and Dezzie Arahna, Roston Moss, James and Lionel Anderson,
Kirkwood Ferguson, Brian Bullard, the Church of The Ascension
family, Grand Bahama, All Saints Anglican Church family, the
Evangelistic Pentccostal Baptist Church family, St. Paul's, St. John's
and Zion Baptist Church families, The Seventh Day Adventist Church
family, Crooked Island, and all friends and family in Acklins and
Long Cay, The East Street Gospel Chapel and the Golden Gates
Native Baptist Church families, Mr and Mrs. Bernard Ferguson,
Arnold Moss, Doswell and Jan Coakley, Ms. Doreen Ferguson, The
Deans, Winters, Coakleys, Scavellas, McKinneys, Farquharsons,
Cunninghams, Simms, Moss, Lloyds, Thompsons families, Mr. and
Mrs. Derek Hanna and family, all Government employees in Acklins,
Crooked Island and Long Cay, including the Chief Councillors and
all local Government Councillors, and a host of other relatives and
friends. Please accept our apologies for any omissions, which result
only from space limitations. Ali's close friends are in numerable and
sprinkled throughout the Bahamas.
Friends may pay their last respects at Rock of Ages Funeral Chapel
Wulff Road and Pinedale on Tuesday from 4 p.m. to 6 p.m. on
Wednesday from 9 a.m. to 12 noon and at the church from 2 p.m.
until funeral time.


E-mail defending



Bimini Bay impact



sparks fiery responses


FROM page one

The online discussion began
when Rafael Reyes, a
spokesman for the resort, sent
an e-mail on March 5 to a group
of individuals who were critical
of the resort, stating that he
would like to "address some
misinformation that is being
spread about Bimini Bay Resort
and Marina."
The number of people who
saw his e-mail, and the respons-
es to it, gradually snowballed
as more and more people were
added to the mailing list.
In the five-page document,
Mr Reyes tells the "interested
parties" that the development
is, in fact, having a "tremendous
positive impact" on Bimini in
terms of its economy, educa-
tion, public health and safety
and downplays its detractors as
a "small group of individuals
who have made no effort to
actually examine the facts."
Bimini's tourism numbers are
rising while the Bahamas' in
general are in decline and local
residents are experiencing the
economic benefits through jobs
and indirect business opportu-
nities, he said.


Meanwhile, the developers
have donated many things to
the community, including com-
puters, a firetruck, and Christ-
mas turkeys for all.
In terms of its effect on the
environment the most con-
tentious aspect of the develop-
ment thus far Mr Reyes asserts
that the developers are work-
ing in conjunction with marine
biologists and governmental
agencies "to help preserve the
natural wonders of Bimini" and
create a "world-class resort that
respects the environmental
integrity" of the island. His e-
mail ends with a request for the
support of those receiving it.
The letter provoked a flurry
of online activity among the sci-
entific community and island
residents, with many responding
directly to Mr Reyes himself,
copying their responses to oth-
er interested individuals.
Long-time visitors to the
island expressed their surprise
at Mr Reyes' statements, alleg-
ing the environmental sensitiv-
ity of the project, claiming it
conflicts with what they have
themselves witnessed in terms
of the degradation of the
island's natural assets as the
mega-resort's development


advanced.
"I wouldn't call the
tional feedback on the
in Bimini a 'small group
pie," added responded
Rajnohova.
The responses prove
the removal of mangr
the resort's developer f
area known as Mosqui
is a particularly sore p
those calling for the pr
of Bimini's environment
Mangroves prote
coastal environment f
ravages of storms, an
nurseries for marine lif
Scientists from the
the US questioned
experts the developers
suiting with who sup]
project, quoting a Ion
those who do not a
rejected any suggest
those speaking out agai
of the developer's active
be "trying to block green
nomic opportunities
people of Bimini," as M
e-mail also purported.
"The conflict that
that many people such
think that Bimini's pote
in what is already hei
Grant Johnson.
While some admitted
provision by the devel
certain resources to t
community were bei
they claim the overall lc
impact of the project
negative as the island
ronmentally and econo
important resources ar
ed.
One particularly veh
mailer, Bill Parks, sta
the end Bimini's peo
remain poor, your pei
have made their mo
Bimini will be left as
tinct areas: your deve
and the garbage dum
ates."
Several e-mails sugge
if the developer halted
development plans w
said to include a golf


(2'aTOY OT** A mvnefra


wj*3


interna-
situation
)' of peo-
-nt Jana

ved that
*oves by
from the
to Point
point for
otection
nt.
-ct the
rom the
d act as
fe.
UK and
which
are con-
port the
ig list of
nd also
ion that
nst some
cities may
water eco-
for the
fr Reyes

exists is
as myself
;ntial lies
re," said


much greater devastation could
be avoided and the resort's
international image improved.
"I urge you to counsel the
heads of Bimini Bay to restrict
their development to building
to date and to take every mea-
sure possible to protect what is
left of the natural environ-
ment," said Bahamian environ-
mentalist and founder of
ReEarth, Sam Duncombe.
Another international respon-
dent, Kristine Stump a PhD
student at the University of
Miami's School of Marine and
Atmospheric science "and fre-
quent Bimini visitor" appealed
to the developer's financial
instincts.
"At at time when the resort's
target 'client demographic is
experiencing a critical period of
economic stress, now may be
the moment to consider scaling
back in the interests not only
of ecological sustainability but
also financial viability," she sug-
gested.

PLP MP

FROM page one


1 that the a golf course, a marina and a spa,
opers of will be located north of Gover-
he local nor's Harbour, on the site near
neficial, the defunct US missile base.
neficial Speaking with The Tribune yes-
ong-term terday, South Eleuthera MP Mr
twill be Ingraham said that he has met
d's envi- with the investors several times
)mically- over the past year and a half and
e deplet- has let them know that he fully
supports their vision for the
ement e- island.
ited: "In "It's a good (development) for
>ple will the island. And I believe they will
ople will fulfil all that they promised in
ney and terms of new jobs and opportuni-
two dis- ties," he said.
lopment Mr Ingraham said that, while
p it cre- he believes that the majority of
Eleutherans welcome this pro-
,sted that ject, there are some who object to
d further such a large development by for-
vhich are eigners.
hich are However, the South Eleuthera
course MP said that it is important for
government at this time not to
"muzzle" the Urgo Hotels devel-
E opers.
"I believe that we need to show
investors that we appreciate them.
All this talk of limiting this way
and limiting them that way can
sometimes be counter-produc-
tive," he said.
Mr Ingraham said he thinks
/' that most people understand that
there has to be "a give and take"
relationship between Bahamians
and foreign investors.
'. With construction on the large-
scale project to begin in Fall,
2009, Mr Ingraham said he will
encourage islanders and local
businessmen to take every advan-
tage of the multi-billion develop-
ment.
The announcement of this new
development for Eleuthera comes
After Harrah's Entertainment
announced that it is terminating
its joint venture agreement with
Baha Mar and as news broke that
the main investor behind the $1.6
billion Albany Golf and Beach
Resort project may have lost as
much as $855 million after the
Bear Stearns company's stock
plummeted on Wall Street.
Prime Minister Ingraham told
Eleuthera residents on Friday
that the developers have provid-
ed his government with informa-
tion which suggests that three
hotel brands will soon become
partners in this billion dollar pro-
ject.
Urgo Hotels currently manages
properties of the Marriott Resi-
dence Inn, the Courtyard Mar-
riott, the Hilton Garden Inn and
the Hampton Inn brands, among
others.

Three shot

FROM page one

year-old male resident of Staple-
don Gardens.
All three were taken to hospital
where they are listed in serious
condition.
"Police are not certain as to the
circumstances surrounding this
incident. An investigation has been
launched," the statement read.
In other crime news, police
reported an imitation firearm
arrest while on routine patrol in
the Ragged Island Street area
around 3.30am on Monday.
According to ASP Evans, offi-
cers from the Mobile Division
stopped and searched a white Toy-
ota Corolla, registration number
95011, with three occupants inside.
"Officers stopped and searched
the vehicle and found two imita-
tion firearms and a stocking mask.
The men were arrested and are in
police custody. They are a 42-year-
old male from Lincoln Boulevard,
and two men from Nassau Village,
ages 27 and 21," he said.


No Traffic

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HERBERT
HILTON MINNIS,
M.B.E., J.P., 85

of Johnny Hill, Carmichael Road,
Nassau, The Bahamas died at his
residence on Sunday, 16th March,
2008.


Bargins Clearance Selected Items Storewide Discounts


www.bahamashotspot.org/sales







THET AN TRBNYUEDYOARH1,00,PGU


THE ERROL BROWN'S
CHILDREN IN NEED AT CHRISTMAS
CHARITY GOLF TOURNAMENT COMMITTEE


A
f -^ ^
is/ .1
p

I


From left to right Paul D. Major, Chris Darville, Errol Brown (Patron) Johnnie Gold, Nicholas Mosko, Fred Lunn
Takes this opportunity to thank the SPONSORS of the 2007 event for their support and continuing support.


|PLATINUM SPONSORS
The Herod Foundation, Crown Jewellers, Albany Developers Ltd, Aviation Fuel International, La
Rose, Bahama Wall Systems, Royal Star Insurance, Errol & Ginette Brown, American Airlines,
Tommy Hillfiger, Million Air, Kerzner International, Insurance Management, EFG Bank and Trust


GOLD SPONSORS
Burger King, C.A. Christie Realtor, Graycliff Cigars, Cardiac Cath at Doctors Hospital, The Burns
House Group, Kings Real Estate, Bahamasair, Majestic Tours, One Source Aerospace, Templeton,
Mr & Mrs Chow-How, Wendy's, Batelco, Chris Darville Realtor, The Four Seasons-Exuma,
Cartier,Price Watershouse Cooper, The Abaco Club, Bristol Cellars, Tyreflex & Star Motors,
McKinney Bancroft & Hughes, City Properties, Private Trust Corporation, Pineapple House
Investments Ltd, Mosko's United Construction, Glinton Sweeting & Obrien, Sands Beer, Royal
Bank Of Canada, Island Living, Storm Frame, Prime Bahamas, Villaggio, Sandy Port Realty,
Johnnie & Jan Gold, Bank Of Nova Scotia, Stephen Marks, Continental Connection,
First Caribbean Bank.


1^ ^--^SILVER SPONSORS /llll
John Bull, IBM, Coca Cola, J.S. Johnson, Taj Mahal, Executive Motors, Western Air, NOBU,
Bahamas Bus & Truck, Klonaris & Co, Festival All Purpose Cleaner, Topical Shipping,
Red Lotus Company Ltd, Poop Deck West, Columbus Tavern, Credit Agricole Suisse Bahamas Ltd,
Leather & Things, Pearle Vision, Bruno Roberts.


PRIZES DONATED BY:
American Airlines, The Four Seasons Resort Exuma, The Abaco Club, Batelco, Cartier, Nicolas Mosko, The Ocean Club Golf
Club, Western Airlines, The Lyford Cay Golf Club, Villaggio, Nobu, Graycliff Cigars, Poop Deck West, Columbus Tavern, Cable
Beach Golf Club, Sands Beer, Bristol Cellars, Bahamasair, Wyndham Nassau Resort, Continental Connections, Sarahs Secrets.
This year's event will take place on Saturday December 13th
at the Ocean Club Golf Club. Tee off 8am.


-I J~I I


I


TUESDAY, MARCH 18, 2008, PAGE 9


THE TRIBUNE











PAGE 10, TUESDAY, MARCH 18, 2008


THE TRIBUNE


FAMILY ISLAND LISTINGS


1. HAWKSBILL SUBDIVISION. FREEPORT
LOT NO. 152
DESCRIPTION: Single Family Residence
PROPERTY SIZE! 0.12 acres
LOCATION: Northwestern side of
Intersectlon of Inagua Drive & Court #3
APPRAISED VALUE: $82,250

2. HAWKSBILL SUBDMSION PHASE I,.
FREEPORT
LOT NO. 57
DESCRIPTION: Single Family Residence
PROPERTY SIZE: 5,487 sq. ft.
LOCATION: Abaco Drive
APPRAISED VALUE: $89,000

3. QUEEN'S COVE. FREEPORT
LOT NO. 5 Block 25
DESCRIPTION: Single Family Residence
PROPERTY SIZE: 0.22 acres
LOCATION: Along Victoria Lane South of
Whitehall Place
APPRAISED VALUE: $170,000

4. BAHAMIA WEST REPLAT SUBDIVISION.
FREEPORT
LOT NO. 5 Block 17
DESCRIPTION: Single Family Residence
4 beds/3 baths
PROPERTY SIZE: 0.28 acres
LOCATION: Northern side of a cul-de-sac
called Churchill Court
APPRAISED VALUE: $307,420


5. HAWKSBILL SUBDIVISION. FREEPORT
LOT NO. 124
DESCRIPTION: Single Family Residence,
1 bed/1 bath
PROPERTY SIZE: 5,400 Sq. Ft.
LOCATION: Abaco Drive
APPRAISED VALUE: 70,000

6. BAHAMIA WEST REPLAT SUBDIVISION.
FREEPORT
LOT NO. 22 Block 16
DESCRIPTION: Single Family Residence,
3 beds/2 baths
PROPERTY SIZE: 16,300 Sq. Ft.
LOCATION: On Ivemess Lane
APPRAISED VALUE: $259,000

7. BAHAMIA NORTH SUBDIVISION.

LOT NO. "Fairway Manor" Condominium
Apartment #304
DESCRIPTION: 1 bed /1 bath
PROPERTY SIZE: 650 Sq. Ft.
LOCATION: Facing The Golf Course
APPRAISED VALUE: 65,000





S 1. BAHAMIAN WEST R" REPORT
LOT NO. 19 Block 20
DESCRIPTION: Single Family Lot
PROPERTY SIZE: 0.27 acres
LOCATION: Western Side of Perth Court
Cul-de-sac
APPRAISED VALUE: $27,000
2. DERBY SUBDIVISION, FREEPORT
LOT NO. 9 Block 17 Unit 3
DESCRIPTION: Single Family Lot
S PROPERTY SIZE: 0.30 acres
LOCATION: Queens Highway & Dagenham
Drive
APPRAISED VALUE: $33,000

3. GRAND BAHAMA EAST SUBDIVISION.
FREEPORT
LOT NO. 152 Block "D" Section 2
Af DESCRIPTION: Single Family Lot
PROPERTY SIZE: 0.23 acres
LOCATION: South side of Kay Avenue West
of Drayton Street intersection
APPRAISED VALUE: $15,000

4. ARDENT FOREST SUBDIVISION,
FREEPORT
LOT NO. 11 Block 22 Unit 2
DESCRIPTION: Single Family Lot
PROPERTY SIZE: 0.35 acres
LOCATION: South Side of Orlando Drive &
Arden Forest
APPRAISED VALUE: $30,000

5. QUEENS COVE, FREEPORT
LOT NO, .38 Block 47 Section 8A
DESCRIPTION: Single Family Lot
S PROPERTY SIZE: 11,250 Sq.ft.
LOCATION: Southern Side of Harley Street
(backing onto the northern side of a canal)
APPRAISED VALUE: $22,000


6. LINCOLN GREEN SUBDIVISION,
FREEPORT
LOT NO. 26 Block 1 Unit 1
DESCRIPTION: Duplex Lot
PROPERTY SIZE: 13,800 Sq. Ft.
LOCATION: South Side of Ludford Drive
APPRAISED VALUE: $38,000

7. ROYAL BAHAMIAN ESTATES. FREEPORT
LOT NO. 36 Block 1 -Single-Family lot
PROPERTY SIZE: 0.34 acres
LOCATION: Eastern side of Honduras Drive
APPRAISED VALUE: 28,000

8. BAHAMIA SOUTH, SECTION VII,
SUBDIVISION. FREEPORT
LOT NO. 5 Block 9
DESCRIPTION: Multi Family Residential
PROPERTY SIZE: 1.03 acres
LOCATION: Southern side of Pinta Avenue
and Santa Marl Avenue.
APPRAISED VALUE: $75,000

9. HOLMES ROCK. GRAND BAHAMA
LOT: Tract of Land
DESCRIPTION: Single Family lot
PROPERTY SIZE: 0.20 acres
LOCATION: Southern side of Queens
Highway/eastern side of PC Plaza
APPRAISED VALUE: $20,000


INTERESTED PARTIES SHOULD SUBMIT OFFERS (INCLUDE TELEPHONE CONTACT AND
POSTAL ADDRESS) TO CHERRY MISSICK, P. O. BOX SS-6263, TEL. 394-6465;
FAX: 393-2883, OR VIA EMAIL: CHERRY.MISSICK@COMBANKLTD.COM OR
CHRISTOPHER KNOWLES (FREEPORT), P.O. BOX F-40876, TEL: 352-8307; FAX: 352-8221
FOR FURTHER INFORMATION. WE RESERVE THE RIGHT TO REJECT ANY OR ALL OFFERS
W0006Crea

8. FREEPORT CITY SECTION 2, FREEPORT
LOT NO. 113
DESCRIPTION: Fourplex Apartment
Building
PROPERTY SIZE: 12,564 Sq. Ft.
LOCATION: On north of Nansen Avenue and
east of Forbisher Drive
APPRAISED VALUE: 200,000

9. YOEMAN WOOD SUBDIVISION,
FREEPORT
LOT NO. 7 Block 1 Unit 1
DESCRIPTION: Single Storey Residence
PROPERTY SIZE: 13,660 Sq. Ft.
LOCATION: Cul-de-sac off Albatros Circle
APPRAISED VALUE: 99,000

10.CHESAPEAKE SUBDIVISION, FREEPORT
LOT NO. 15 Block 31
DESCRIPTION: Single Family Residence
PROPERTY SIZE: 0.37 acres
LOCATION: Adjacent to a mini cul-de-sac off
the western section of Cutlass Avenue
APPRAISED VALUE: $147,000

11.BAHAMA BEACH, GRAND BAHAMA
LOT NO. 264
DESCRIPTION: Single Family Residence
4 beds / 3 bath
PROPERTY SIZE: 0.16 Acres
LOCATION: Western side of Rocky Point
Road
APPRAISED VALUE: 211,536

12.ROYAL BAHAMIAN ESTATES. FREEPORT
LOT NO. 5 Block 17
DESCRIPTION: Single Storey Residence
PROPERTY SIZE: 15,000 sq. ft.
LOCATION: North along Donimica Avenue
and east of Beach Way Drive
APPRAISED VALUE: 250,000

13.CIVIL INDUSTRIAL AREA, FREEPORT
LOT NO. 6 Block V
DESCRIPTION: Split Level Commercial
building
PROPERTY SIZE: 17,500 Sq. Ft.
LOCATION: Fronting Walton Street and east
of Wimpole Street.
APPRAISED VALUE: 625,000

14.CORAL REEF ESTATES PHASE 3.
FREEPORT
LOT NO. 63
DESCRIPTION: Single Storey Residence
PROPERTY SIZE: 9,810 sq. ft.
LOCATION: Fronts along the eastern side of
Coral Reef Boulevard
APPRAISED VALUE: 119,000





10.FORTUNE POINT SUBDIVISION,
FREEPORT
LOT NO. 15 Block 7 Unit 4
DESCRIPTION: Single Family lot
PROPERTY SIZE: 12,075 sq. ft
LOCATION: Eastern Side of Cooper Road
APPRAISED VALUE: $35,000

11.LINCOLN GREEN SUBDIVISION,
FREEPORT
LOT NO. 14 Block 10 Unit 2
DESCRIPTION: Multi/Single Family
PROPERTY SIZE: 0.44 acres
LOCATION: Government Road west of
Fortune Bay Drive
APPRAISED VALUE: $30,000

12.VOYAGER BAY SUBDIVISION, FREEPORT
LOT NO. 1 Block 25
DESCRIPTION: Multi-Family
PROPERTY SIZE: 21,009 sq. ft.
LOCATION: Fronts along the curve of
Bradfield Lane.
APPRAISED VALUE: $57,000

13.LINCOLN GREEN SUBDIVISION.
FREEPORT
LOT NO. 46 Block 16 Unit 5
DESCRIPTION: Single Family Lot
PROPERTY SIZE: 0.26 acre
LOCATION: Southern side of Moor Close
east of intersection of Moor drive & Moor
Close.
APPRAISED VALUE: $31,000

14.BAHAMA PALM SHORES, ABACO
LOT NO. 11 & 12 Block 27
DESCRIPTION: Single /Multi-Family lot
PROPERTY SIZE: 20,000 sq. ft.
LOCATION: Southeast of Ocean View Drive
APPRAISED VALUE: $52,000
15.LINCOLN GREEN SUBDIVISION,
FREEPORT
LOT NO. 3 Block 16 Unit 2
DESCRIPTION: Multi-Family lot
PROPERTY SIZE: 20,250 sq. ft.
LOCATION: Southern side of Fulton Lane
and East Sunrise Highway
APPRAISED VALUE: $47,000

16.MURPHY TOWN. ABACO
LOT NO. #67 Crown Allotments #1
DESCRIPTION: Single /Multi-Family lot
PROPERTY SIZE: 6,935 sq. ft.
LOCATION: Main Street of Murphy Town
APPRAISED VALUE: $11,096

17.MURPHY TOWN, ABACO
LOT NO. #67 Crown Allotments #2
DESCRIPTION: Single /Multi-Family lot
PROPERTY SIZE: 12,100 sq. ft.
LOCATION: Front Street of Murphy Town
APPRAISED VALUE: $19,360


FROM page one
Birkhead said Daniel was
really shy at first and stayed
away from the spotlight but
eventually came out of his
shell and began to interact
with people. "Daniel and
Anna were really close," he
told the court.
According to Birkhead,
Anna Nicole began having
problems with Daniel between
January and May, 2006, dur-
ing which time Daniel had
begun attending a community
college in California.
He told the court that Anna
Nicole did not like some of
Daniel's friends and it was
during that time that Daniel's
behaviour began to change.
Birkhead said that Anna
Nicole suspected that Daniel
was drinking and using drugs.
Birkhead recalled an inci-
dent during which he saw
Daniel put something into his
mouth but he was not sure
what it was. He told the court
that, after Daniel took the
item, he became very talka-
tive.
Birkhead said that in April
or May of 2006 he saw Daniel
drink alcohol. He also stated
that Daniel at the time
appeared to be losing a con-
siderable amount of weight.
Birkhead said that Anna
Nicole had asked him to talk
to her son but Birkhead
admitted that he was reluctant
to do so as he was not Daniel's
father. He told the court that
he eventually spoke to Daniel,
told him how his mother felt
and told him that he needed
to be more responsible. Birk-
head said that at that time
Daniel told him that he want-
ed his own apartment.
Birkhead went on to recall
an incident during the Easter
weekend of 2006 when a bot-
tle of methadone went missing
from Anna Nicole's room. He
told the court that Daniel
denied that he had removed
the drugs but home surveil-
lance cameras showed that he
had, in fact, removed the
drugs.
Birkhead said the last con-
versation he had with Daniel
was on July 4, 2006, when
Daniel called him at his resi-


Election court case


shifts to a new phase

FROM page one

Italia Rolle and Natasha Dean, in Ms Bridgewater's
court bid to overturn the Marco City result in last
year's general election.
However, yesterday Ms Bridgewater's sister Peggy
Bridgewater and Wayne Hanna, husband of the chal-
lenged voter Jewel Hanna, both took the stand.
The votes of Ms Bridgewater and her son Allison are
both are being challenged by Zhivargo Laing, who
won the seat for the FNM.
Ms Bridgewater told the court that she currently
lives in Seahorse Village, Grand Bahama. However, she
once lived at the 137B Gladstone Terrace with her
husband, from whom she is now separated.
Under cross-examination by Mr Laing's lead attor-
ney, Fred Smith, Ms Bridgewater said that she and
her husband began having marital problems in 2004.
During her evidence in chief, while being questioned
by Philip 'Brave' Davis, the witness testified that she
and her husband were no longer together as of Febru-
ary, 2007, as a result of something that happened. After
receiving a doctor's assistance, said Ms Bridgewater, she
left.
Her parents have a home at 153 Juniper Lane, said
the witness, and she stayed there from time to time,
three weeks at a time, during the period when she and
her husband were having difficulties.
In 2006, she said that she first moved out in February
then returned in March, before again moving out in
August, and then returning in mid-November. She
then stayed at the residence until February, 2007, when
she left the marital home permanently, testified Ms
Bridgewater.
Her son Allison, said Ms Bridgewater, did not move
from the Gladstone Terrace address until after Febru-
ary, 2007. During the period when she was back and
forth, Ms Bridgewater said she also travelled.
This testimony is significant in determining if Ms
Bridgewater was ordinary resident in the constituency
during the six-month period before the last election.
Wayne Hanna. husband of Jewel Hanna, whose vote
is being challenged by Ms Bridgewater, told the court
during his testimony that his wife does not live at the 27
Beaconsfield address she was registered at, which is in
Marco City.
Mr Hanna said that he and Jewel had not been
together for years, and he had lived at the address
since 1999. When asked by Mr Davis if she lived there
in 2005, 2006 or 2007, he said no.
The witness told the court that he only sees his wife
at weekends when she brings over his nine-year-old son
for visits.
Natasha Dean, a campaign worker for Ms Bridge-
water, also testified yesterday about several voters,
including Diana Swann, a former ZNS journalist.
Ms Dean, who said the voter is a friend of the fami-
ly, testified that Mrs Swann moved out of ZNS House
in the Lucaya constituency in Grand Bahama in mid-
September, 2006, into her residence at 141 Gooseber-
ry Drive, which is in Marco City.
In November, 2006, testified the witness, Mrs Swann
was transferred to Nassau, and between then and
December of the same year, Mrs Swann commuted
between Nassau and Grand Bahama, until she found a
permanent address in Nassau.
Mrs Swann is no longer at ZNS, and Ms Dean told
the court that she is now working in the Turks and
Caicos Islands, where she moved in August, 2007.
Election court continues today with Mr Smith con-
tinuing his cross-examinati fn of Peggy Bridgewater.


Birkhead

dence in an attempt to play
mediator between him and
Anna Nicole as they were hav-
ing problems in their relation-
ship.
Birkhead told the court that
he could hear Anna Nicole in
the background telling Daniel
what to say before she
eventually came on the tele-
phone.
During questioning by attor-
ney Milton Evans, who is rep-
resenting the interest of the
maternal grandmother and
father of the deceased, Birk-
head denied that he had ever
had any discussions with
Daniel regarding his mother's
abuse of medication.
Birkhead told the court that,
over time, Anna Nicole even
offered him methadone for
back pain and on another
occasion she had offered him
Ecstasy.
Mr Evans questioned Birk-
head over the fact that, in a
statement to police, he had
stated that Anna Nicole had
given him Ecstasy.
Birkhead said that she had
offered him the drug but he
had never accepted. He told
the court that he could not say
for certain whether Daniel
had taken the drug from his
mother either. He then
recalled his earlier testimony
in which he stated that only
on one occasion had he seen
Daniel put something in his
mouth, but he did not know
what it was.
Birkhead seemed to take
offence to Mr Evans' line of
questioning, asking him who
he was, whether he should call
his attorney and pointing out
that he had come to the
inquest voluntarily, at which
point Magistrate William
Campbell had to explain to
him the court's procedures.
Mr Evans went on to point
out that, in his statement to
police, Birkhead had said that
he saw Howard Stern and
Daniel smoking marijuana.
At that point Birkhead went
on the defensive, saying: "If I
signed it I believed it to be
true. But now I can't recall
everythi'ttthat. was in the


Cape Eleuthera

Institute hosts
'cutting edge'

energy study

FROM page one
"So any vehicle that normally runs on
diesel...you can actually put bio-diesel in
it and it runs a lot cleaner, and there
aren't the fumes or the usual associated
pollution (from oil)."
The experiments first started out as a
student research project at Cape
Eleuthera Island School, which allows
students aged 15 to 17 to engage in
marine and terrestrial research and has
morphed into a serious study, she
added.
With the looming threat of global
warming due to fossil fuel emissions and
staggering costs of oil worldwide leading
to exorbitant gasoline prices and hefty
electricity bills, many scientists are turn-
ing to alternative sources of energy to
assuage the world's energy crisis.
The "cutting-edge" campus, which
includes the Island School and Cape
Systems Ltd, also investigates how solar
energy and wind power can be har-
nessed so mankind can rely less on diesel
and fossil fuels.
Cape Systems Ltd recently held the
'Freedom 2030' conference which pro-
poses ways for Eleuthera to become
completely "self-sustainable by the 2030,
by using wind and solar power," Ms
Oronti told The Tribune.
The information gleaned from this
study is poised to make The Bahamas "a
model for the world proving that a small
island nation can be self-sufficient", a
2007 report on the conference said.
"Originally there used to be just the
Island School down here...(but) there
was a need for an institute to be formed
where we could actually become more of
a centre for sustainability, so that others
could take advantage of the informa-
tion that we are producing," Ms Oronti
continued.
"We have a lot of solar panels, we
also have a wind tower so we're looking
at alternative ways of getting our energy
instead of just burning diesel."
Cape Eleuthera Institute is a US non-
profit organisation that relies heavily
on donations and private grants.
In addition to its sustainability
research, the centre has a shark research
project, offshore aqua-culture pro-
gramme, and a flats ecology programme
which entails a bonefish catch and
release programme.
The institute has also been
collecting information on the proposed
marine protected area to assist the gov-
ernment in this endeavour, Ms Oronti
said.
"We've been collecting a lot of infor-
mation over the last five years that we
are hoping can help survey and establish
this area (into a marine protected area)
and provide that information for people
who need it." f


F


statement."
Mr Birkhead said that he
could not recall seeing Daniel
smoking marijuana. He said
that Anna Nicole told Daniel
that if he was going to do
drugs to do it in her presence
instead of running around
with friends.
Birkhead admitted that he
had no proof that Daniel was
actually taking drugs and also
admitted that at one point he
had moved methadone from
Anna Nicole's home because
he did not want her to have
access to it.
Mr Evans then asked him
whether, based on the rela-
tionship that Daniel had with
his mother, it would be unrea-
sonable to assume that Daniel
had done the same.
"I never spoke to Daniel
about his mother's drug abuse.
I can't properly answer that
question," Birkhead replied.
Birkhead told the court that
Anna Nicole had her name on
some of the prescription med-
icine bottles and aliases on
others.
He told the court that some-
times an assistant bought the
medications and sometimes
Howard Stem did. Birkhead
admitted that he and
Stem have had many alterca-
tions.
During questioning by attor-
ney Wayne Munroe, repre-
senting Howard Stern, Mr
Birkhead was asked whether
he knew Daniel's ex-girlfriend
Mya. Birkhead said that he
met her once after Daniel's
death but had no personal
knowledge of their break-up
until after the fact.
The inquest is expected to
resume today at 10am at
which time the prosecution is
expected to indicate how it
will proceed with regards to
the remaining witnesses.
The prosecution intends to
call Melanie Thompson and
Jack Harding, a private inves-
tigator allegedly hired by
Daniel Smith, before recall-
ing Howard Stem to the wit-
ness stand.
Mr Brathwaite told the
court yesterday that both
Harding and Thompson have
-been contacted but have not
*teiponded;


VI

A


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THE TRIBUNE TUESDAY, MARCH 18, 2008, NEPAGE 11


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* Design windows and use ceiling fans to take advantage
of natural winds for maximum cooling
* Draw curtains and/or shades to keep the sun out

* Close doors to the outside to keep cool air in
* Plant trees to create shade

* Use only energy efficient light bulbs
* Turn off lights in unoccupied areas and only use lights
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* Turn off computers, monitors and copiers or set to "power
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TUESDAY, MARCH 18, 2008, PAGE 11


THE TRIBUNE







THE TRIBUNE


PAGE 12. TUESDAY. MARCH 18, 2008


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LOCALNEWS


i












F THE TRIBUNE




l lS/i!ness6
I.,A N ..


TUESDAY, MARCH 18, 2008


'It's all systems go' for Albany's $275m Phase I


* Developers.hoped to break ground on new road yesterday, with marina and golf course to follow

Project 'already capitalised', with 'no impact' from Joe Lewis' Bear Steams loss


* By NEIL HARTNELL
Tribune Business Editor

Phase I construction
work on the
Albany Golf &
Beach Resort will
cost $275 million,
The Tribune was told yester-
day, with the likely almost-$1
billion loss its chief investor
suffered on his Bear Stearns
investment having "no impact"
on the project's ability to move
forward.
Christopher Anand,
Albany's managing partner
and a senior executive with the
Tavistock Group, the holding
company for worldwide invest-
ments made by Lyford Cay bil-


lionaire Joe Lewis, said the
project was due to break
ground on the road works yes-
terday afternoon with other
activities to follow shortly.
Mr Anand told The Tribune
that Albany had already been
provided with all the capital it
required for what has been
billed as a $1.4 billion luxury
resort community on a 565-
acre site in western New Prov-
idence.
"We are going to be break-
ing ground on Albany this
week. The new road will start
tomorrow or Tuesday at the
latest, and a slew of other activ-
ities will start shortly there-
after," Mr Anand said.
"I'rp glad to say that Mr


Chamber chief backs

competition regulator


Lewis is an incredibly wealthy
gentleman, and while that
[Bear Stearns] investment has
not turned out the way one
would have hoped it would, we
[Albany] are incredibly con-
servatively capitalised. Tavis-
tock has hundreds of business-
es around the world. It's busi-
ness as usual for us. It has no
impact on anything Tavistock
does anywhere in the world."
The Tribune reported yes-
terday how Mr Lewis could
have lost more than $855 mil-
lion on the 9.75 per cent he
had accumulated in Bear
Steams in the 2007 second half,
having bought in at prices
between $94.44 and $150 per
share.
The value of those share
purchases was some $1.186 bil-.
lion, but the fall in Bear
Stearns' share price last week
to $29.91 at Friday's close a
drop of $27 or 47.37 per cent
on the day meant some 2/3


of the initial investment's value
was wiped out.
And substantially more val-
ue could be eroded if JP Mor-
gan Chase is able to acquire
Bear Stearns for just $2 per
share.
With Bahamian businesses
and consumers already jittery
over economic respects fol-
lowing Harrah's withdrawal
from Baha Mar's $2.6 billion
Cable Beach joint venture,
speculation late last week also
centred on whether Albany's
might be impacted given Mr
Lewis's situation with Bear
Stearns.
Mr Anand yesterday moved
to scotch such speculation,
telling The Tribune in relation
to Albany: "It's all systems
go."
Pointing to media estimates
that Mr Lewis's wealth stands
between $3.5-$7 billion, Mr
Anand added: "The way Joe
does things is that he does 'all


cash' investments, and they're
all totally independent of one
another. We typically don't use
debt in any of these invest-
ments."
This means that prpb4ems
with one investment, such as
Bear Stearns. did not impact
other projects such as Albany.
"Albany is a very low user bf
Joe's capital." Mr Ahand said.
"There are other shareholders
involved, and the way w.e
planned the development does
not require huge amounts of'
capital. All the capital we need
is already in the company."
Albany is more of a residen-
tial development than Baha
Mar, which was resort-centred,
The Heads of Agreement the
Albany developers signed with
the former Christie admixils-
tration in po,vember 2006
called for Lhe project' iirild-
diate holding company, #Pirk,
Ridge Securities- to invest $117
million in Phase Qne and $94


"million in Phase Two for a
total of $211"million.
: The remainder of the $1.3-
$1.4 billion project's worth
,woqld come through the
homes constructed by Albany's
real estate and lot buyers.
,Mr Anand told The Tribune
that estimates for the total
Phase One construction work
costs were $275 million, with
work on Phase Two coming to
another: $500 million. A fur-
ther $500 million worth of con-
struction work would come
from building homes for the
project's real estate buyers.
:"We're breaking ground this
afternoon on the new road,
and the marina basin and golf
course will follow shortly,
probably in another couple of
weeks," Mr Anand said.
Apart from. Mr Lewis,
Albany's other shareholders
"include world-renowned
golfers Tiger Woods and Ernie
Els.


By NEIL HARTNELL
Tribune Business Editor
THE Bahamas
Chamber of
Commerce's
executive director
yesterday backed
the creation of a
competition reg-
ulator and
accompanying
laws and regula-
tions, arguing that it would
eliminate monopolistic ten-
dencies that worked against
the interests of Bahamian con-
sumers and small business.
Philip Simon said an effec-
tive competition watchdog, a
regulator that existed in most


Believes increased
competition will aid
Bahamian consumer
choice, with watch-
dog protecting small
business from large
firms' monopolistic
urges

other economies, would pro-
vide protection for small and
micro-sized competitors
against the monopolistic prac-
tices that larger rivals might

SEE page 6B


Oil bill up 68% to $229m in Q4


* By NEIL HARTNELL
Tribune Business Editor
THE Bahamas
spent almost $100
million or 68 per
cent more on oil
imports during
the 2007 fourth
quarter com-
pared to the pre-
vious year, it was
revealed yester-
day, an indication that higher
oil prices are beginning to
impact inflation and the for-
eign exchange reserves.
The Central Bank of the
Bahamas' quarterly statistical
digest for the 2007 fourth quar-
ter revealed that the total val-
ue of oil imports purchased by
this nation increased from
$136.276 million the previous


Many Bahamians appear
ill-equipped to cope with
economic downturn, as
consumer debt in default
hits 26,577 loans and
$128m in value

year to $228.823, a 67.9 per
cent increase.
Economists and investment
advisers spoken to by The Tri-
bune yesterday said this was a
likely reflection of the surge in
global oil prices to more than
$90 per barrel, as there was no
indication of a major increase
in Bahamian demand.
"That's largely a result of the

SEE page 4B


Bahamians face 'rough ride' from
risigcosts and global
rising costs and global economy
.* r' ''


* By NEIL HARTNELL
Tribune Business Editor
BAHAMIAN
businesses and
consumers were
yesterday warned
to brace them-
selves for a
"rough ride" in
2008, with this
nation squeezed
between a deteri-
orating global
economy and rising energy and
food prices.
Chris Lowe, operations man-
ager at Kelly's (Freeport), yes-
terday told The Tribune his
company was already making
contingency plans to cope with
a number of scenarios that


could result from any eco-
nomic downturn caused by the
US and global economy's
woes.
Mr Lowe, a former Grand
Bahama Chamber of Com-
merce president, said: "We're
meeting this week to deter-
mine a strategy on about five
different levels to see what cut
backs may be necessary in the
scale and scope of our business
- to do whatever we need to
do to adjust the scope.
"Shipping costs are going up,
but the market is shrinking,
bottoming out. I think it's yet
to bottom out."
Mr Lowe ad2d ': "We've got
five progressive strategies we
can implement if things get
rough. Most of it's to do with


trimming overheads and costs,
without slitting our throats by
not having enough inventory.
available."
Dionisto D'Agt"ila'rt'"e
Bahamas Chamber of Com-
merce's president, said he had
warned staff at his Superwash
business yesterday morning
that this nation was "in for a
little bit of a rough ride".
With global stock markets
and the financial system unset-
tled, and US consumer confi-
dence waning, Americans were
liking to reduce their discre-
tionary spending on luxury
items, such as vacations to the
Bahamas, which were. rela-


SIE page 5B


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PAGE 2B, TUESDAY, MARCH 18, 2008


THE TRIBUNE


Minister's beach access pledge requires action follow through


I WAS elated last week to
hear Senator Dion Foulkes'
presentation in the Senate,
where he announced the Gov-
ernment had agreed to take
the bold and morally correct
decision to reopen all public
beach access roads, which over
the years have been illegally
taken from the public.
In this space on November
29, 2005, I concluded my col-
umn by posing the questions:
"Do you (the Government of
the day) have the wherewithal
to do what is right? If not, why
not?"
In my August 14, 2007, col-
umn on the topic I further
admonished policymakers to
take action. "Mr Minister
responsible, please do some-
thing. One Ministry of Works


tractor can work miracles in
one short day towards resolv-
ing this seemly complex mat-
ter. Every day we see 'the little
man' being hauled before the
Courts for petty matters, but
nothing is being done to what
appears to be land theft."

Observations
On Sunday past, I paid par-
ticular attention to beach
access as I walked along West
Bay Street between Delaporte
Point and Goodman's Bay. At
the Cable Beach Shopping
Centre roundabout there is
one access road that has been
preserved. All this needs is
some minor weeding and sig-
nage. Continuing east, there
were no other obvious access
points prior to Goodman's


A Financial
Focus



Bay. However, I did detect
several roadways with private
property signs prominently dis-
played, some of which, I sus-
pect, could well be former
access roads. There were some
walled-in properties that seem
to have an extra 15-20 feet'on
one side.

Global Problem
In previous articles on this
topic, I focused on how our
regional counterparts dealt
with this issue by ensuring pub-


Royal Island (Bahamas) Limited





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

Superintendents
Project Engineers

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

Interested persons should submit their resumes with cover letter to:

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

Fax to: (954) 745-4399

Or Email to:
aileen.miller@royalislandbahamas.comrn


Royal Island (Bahamas) Limited thanks all applicants
interest, however only those- under consideration will be


for their
contacted.


lic rights of access to shore-
lines. These coexisted with
hotel and condominium devel-
opments.
Several weeks ago, I got an
e-mail from Bill Thomson, a
former colleague of mine, who
shared with me an article
about the problem Swiss citi-
zens were facing with access to
the shores of Lake Geneva.
Switzerland has laws dating
back to 1907 that guarantee
public access to all Swiss shore-
lines.
The Bloomberg story, enti-
tled Swiss Boaters Fight Bil-
lionaires for Lakeside Access,
tells the story of Fabienne
Jeanmonod. "She and her fam-
ily dropped anchor along the
shores of Lake Geneva two
summers ago, looking forward
to a quiet picnic. After three
minutes on shore, a man
appeared from the surrounding
fields, screaming that they
were trespassing. She meekly
packed up and left. That inci-
dent turned the 47-year-old
mother into an activist. Jean-
monod joined Rives Publiques,
a citizens' group demanding
that Swiss localities enforce the
public's right to walk along the
shores of the country's 1,484
lakes. "


According to Victor von
Wartburg, founder of Rives
Publiques: "It's wrong to take
away that right from seven mil-
lion people and to give it to a
few thousand rich.' The group
says it may go to the European
Court of Human Rights to
force the Swiss government to
act.

Conclusion
A cursory Internet search
will show that the issue of
beach (shoreline) access has
been fought and Government
of the Bahamas must be com-
mended in making this most-
needed decision. Now that the
decision has been made, let's
move swiftly tQ implement it,
as it has been a long time com-
ing.

Postscript
The Baha Mar project suf-
fered a severe blow when Har-
rah's announced it was with-
drawing as an equity and oper-
ating partner. This withdrawal
casts serious doubts on the pro-
ject, as there is now a scramble
to find new partners. The glob-
al economic environment
today is much different now
from what it was when the pro-
ject was first announced.


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While the capacity for a $2.6
billion project exists, the
appetite and economic envi-
ronment might not currently
be there... but it remains to be
seen.
According to Bloomberg,
Harrah's was recently pur-
chased by new owners in a
transaction valued at almost
$17 billion, which involved the
assumption of an additional
$11 billion in existing debt for
a total $29 billion. If Harrah's
total debt is now $29 billion,
at a weighted average cost of
capital of, say, 5 per cent, then
the annual interest payment
on the combined indebtedness
alone is $1.45 billion. So you
can see why Harrah's new
owners might wish to reexam-
ine their participation.
Perhaps a bigger learning
point from this experience is
that such projects require deci-
siveness by the relevant
authorities. Further, when the
ante for major resort develop-
ments is $2-4 billion, the pool
of eligible participants narrows
dramatically. Therefore, 'you
must strike when the iron is
hot.'
Until next week...

NB: Larry R. Gibson, a
Chartered Financial Analyst,
is vice-president pensions,
Colonial Pensions Services
(Bahamas), a wholly-owned
subsidiary of Colonial Group
International, which owns
Atlantic Medical Insurance
and is a major shareholder of
Security & General Insurance
Company in the Bahamas.
The views expressed are
those of the author and do not
necessarily represent those of
Colonial Group International
or any of its subsidiary and/or
affiliated companies. Please
direct any questions' or comn-
ments to rlgibson@atlantic-
house.com.bs


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THE TRIBUNE


TUESDAY, MARCH 18, 2008, PAGE 3B


Banks still target October TBis.M




date for payments system

1-1 eA~


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE Clearing Banks Asso-
ciation (CBA) is still target-
ing October as the month in
which its Automated Clearing
House (ACH) will go live, the
head of the project's working
group revealing that the order
for the system's hardware is
about to be placed.
Paul McWeeney, who is
also Bank of the Bahamas
International's managing
director, said the implementa-
tion date of October-month
end still stands.
"We are making really
good headway with respect to
that. The contract has been
formally signed-off between
ourselves and Montran (the
New York based electronic
Payments solutions software
providers), and the persons
have been identified who will
be working on the project for
Montran," Mr McWeeney


said.
"They should be corning
down soon and we have got


BAHAMAS SOCIETY OF ENGINEERS
www.bahamasengineers.org

OEMO


THE BAHAMAS SOCIETY OF ENGINEERS
CORDIALLY INVITES YOU TO ATTEND

THE MONTHLY LUNCHEON
on
Thursday, March 20, 2008

GUEST SPEAKERS:
Ms. Brickell Pinder,
Senior Economist
Ministry of Finance

Topic:
The Impact and Effects of the Economic
Partnership Agreement on Engineering Service

Place:
East Villa Restaurant
East Bay Street
TIME: 12:00p.m.
Donation: $25.00 per person
IF POSSIBLE PLEASE CONFIRM YOUR ATTENDANCE BY E-MAIL
gracesharma05@yahoo.com
or
jeelliott@bahamaselectricity.com
or
quentin.knowles@flameless.com


JOB TITLE: AS400 COMPUTER BATCH OPERATOR
DEPARTMENT: INFORMATION TECHNOLOGY
Requirementsi
* 2 plus years AS400 operations experience.
* Hands-on experience in: batch, job processing, monitoring, back-ups.
* Experience handling Windows technical issues.
* Works well independently, and in a team environment.
* Ability to multi-task.
* Excellent problem solving and troubleshooting skills required.
* Strong work ethic.
* Strong desire to learn.
* Good communication skills.
* Ability to work on a flexible night shift.
Responsibilities Include but are not limited to,
* Perform operating and maintenance functions for mid range systems.
* Monitor overnight batch processing and perform print processing as
scheduled in accordance to current service levels.
* Provides all aspects of media handling.
* Accurate and timely processing of information in and through the
computer systems including system utilities, production and testing
batch runs and quality control.
* Maintains current knowledge of operating procedures and standards;
* Safeguards security of data center equipment, media and data files;
* Keeps records of hardware down time;
* Following procedures to run job requests from programmer and
requester.
* Running system and application backups per written run log.
* Management of tape retention log.
* Accurate activity recording in daily log.




Colinalmperial.


RI: c .h -King
Vice Prsident ,lHum nResurce


Software

order set

to be


placed

to place the order for the
hardware. Once that comes in
and we can install it in the
computer, it should be a mat-
ter of months before we start
doing the initial testing.
There is no reason why the
October date can not be
achieved."
The implementation date
had to be pushed back to
ensure there was latitude and
timelines for the ACH's
installation to be completed.
One of the major "
unknown" factors which
affected the timeframe was
that all the commercial banks,
Bank of the Bahamas Inter-
national, Royal Bank of
Canada, Commonwealth
Bank, Scotiabank, First
Caribbean and Fidelity Bank
(Bahamas) each have their
own data platform. This
means that Montran will have
to construct separate inter-
faces between all six banks
and the ACH, and it was not
clear how long that exercise
will take.
The ACH will replace the
current manual system for
settling cheque transactions,
where cheques drawn on one
bank but due to be deposited
at another have to be taken
by armoured car to a central
location where they are set-
tled by representatives of the
various institutions.
It is designed to improve
the integrity of the banking
system, with persons able to
know the full value of goods
involved in a transaction
almost immediately, and
enhance cash flow throughout
the Bahamian economy and
society.
Additionally, an ACH will
open the door to a whole
range of electronic banking
services in the Bahamas,
* including its use in the online
purchase of government
goods and services, and will
provide buyers and sellers
with more certainty and con-
fidence when it comes to set-
tling transactions.


Burns House Group of Companies, a beverage industry leader, seeks to fill the following
vacancy.

Brand Representative

Key Responsibility
* The profitable business development of a portfolio of brands, through building of
consumer demand

Key Functions
* Define and execute brand plans for channels of consumption including retail stores,
restaurants/bars, and events etc., according to approved budgets
Manage professional relationships with suppliers, provide reports and market
feedback as needed
Work with sales, finance, retail and supply chain business units as needed to achieve
common business goals


Requirement of ideal candidate
* Bachelor's degree in marketing or related field
* Excellent oral and written communication skills
* Excellent organizational aptitude
* Strong work ethic
* Good computer skills
* Sound Analytical and creative skills
* Team Oriented
* Beverage industry knowledge

Interested persons please E-mail Resume to
ccash@burnshouse.com
of Fax to
Human Resogurces Manager


(242) 323-4561


IR.tIo. l1111. 1rt A. lngnidl PROCLAMATION

WHEREAS, the international Year of the Reef 2008 is a world wide campaign to raise
awareness about the value and importance of coral reels and threats to their sustainanility,
and to motivate people to take action to protect them;

AND WHEREAS, the international Year of the Reef 2008 campaign is coordinated by
the International Coral Reef Initiative and is an ongoing campaign of the International
year of The Reef 1997 awareness campaign;

AND WHEREAS, The Bahamas National International Year of the reef Planning
Committee encourages the involvement of corporations, schools, government and
organizations to participate in this campaign to protect the reefs;

AND WHEREAS, the International year of the Reef planning Committee recognizes
that, ten years later, there is still an urgent need to increase awareness and
understanding of coral reefs and to further conserve and manage valuable coral reefs and
associated ecosystems;

AND WHEREAS, the objectives of the International Year of the Reef 2008 are to
strengthen public awareness about the ecological, economic, social and cultural value of
the coral reefs, to improve the public's understanding of critical threats to coral reefs and
to develop both practical and innovative solutions to reduce the threats;

AND WHEREAS, the International Year of the Reef 2008 Planning Committee will
develop and implement effective management strategies for conservation and sustainable
use of these ecosystems;

AND WHEREAS, coral reefs are significant to The Bahamas in many ways, having
ecological, aesthetic, physical and economical values to our people;

AND WHEREAS, the planning committee has plannmmed a number of activities to
encourage the public's participation in promoting and conserving Bahamian Coral Reefs;

NOW THEREFORE. I Hubert A. Ingraham, Prime Minister of the Commonwealth of
The Bahamas, do hereby, proclaim the year 2008 as "THE INTERNATIONAL YEAR
OF THE REEF IN THE BAHAMAS"



IN WITNESS WHEREOF,
I have hereunto set my Hand
and Seal this 7th day of
February, 2008


HUBERT A. INGRAHAM
PRIME MINISTER


I


Fr-








PAGE B, TESDAY MARH 18,2008THEITIBUN


,-.4 'Legendary Past... Glorious Future!'

Now accepting applications for teachers for September, 2008
for the following areas:

EARLY LEARNING CENTRE (Ages 3-5)
Classroom Teachers

PRIMARY SCHOOL (Grades 1 61
Classroom, Physical Education (including teaching Swimming )
Modern Languages (French and Spanish) Special Needs

HIGH SCHOOL (Grades 7 12)
Chemistry, Biology, Geography, Mathematics, Home Economics, Art


Application forms are available from the Human Resources Office at the school or may be downloaded from
our award winning website v,. '. qchc',c:eifoh :ra. The completed application, together with a covenng
letter, a statement of educational philosophy and a recent photograph must be sent to:
The Principal
Queen's College
P.O. Box N7127
Nassau, Bahamas
Or faxed to: 242-393-3248, or emailed to dlynch@qchenceforth.com and should arrive no later than
March 31, 2008. Candidates short-listed will be contacted by telephone, fax or emall for an interview.

P.O. Box'N-7127
Nassau, Bahamas
Tel C42)393-166.A39-2L 5 -3S32646 Fax (2.2139-24
Websitp- www.qchenceforih.cnm Email: queensX,qcbencofbrh.com




GENERAL MANAGER


Oil bill up 68% to $229m in Q4


FROM page 1B
increase in oil prices, crude oil,
I would suspect," said Kpn-
wood Kerr, Providence Advi-
sors' chief executive. "I'm not
sure there's been any increase
in demand."
.The Central Bank data
showed that the Bahamas
imported $792.737 million
worth of oil imports for the
whole of 2007, compared to
$708.178 million the year
before, an increase of 11.9 per
cent.
As a percentage of Bahami-
an gross domestic product
(GDP), assuming that this
nation's per annum GDP is $6
billion, the annual oil import
bill translates into 13 per cent
of GDP. If per annum GDP is
$5 billion, the figure is equiva-
lent to 15.84 per cent.
Mr Kerr said: "It's a signifi-
cant portion of GDP in one
area. That's probably more
than the annual food import
bill.
"If that keeps going up, and
demand stays consistent, we


continues to pay in US dollars,
and do not get the tourists
coming on with foreign direct
investment lagging, you're
going to have an erosion of for-
eign exchange reserves. That's
clear."
Mr Kerr added: "The cost
of fuel is a common cost in all
business operations. It is a
necessity. Businesses are not
likely to absorb that cost and
not pass it on to the consumer.
"It's reflected in the higher
prices in the food store, -the
higher prices for air trans-
portation. It won't be long
before they start asking for an
increase in the bus fare.
"These external events are
impacting us at the lowest
common denominator the
food store, the gas pump. It's
not just confined to one sec-
tor of society."
Mr Kerr said Bahamians
needed to adopt "financial dis-
cipline across the board", cut-
ting out unnecessary con-
sumption and spending.
Households could also use
electrical appliances more effi-


ciently.
"The question is: Do we
have the discipline to do it,
because we believe it will soon
be over. These are things we
should be doing all the time,"
Mr Kerr added.
Many Bahamians are ill-
equipped to deal with any eco-
nomic downturn, a possible
loss of jobs and cuts in dispos-
able income, given the level of
debt many are in.
The Central Bank statistics
showed that as at December
31, 2008, past due consumer
loan accounts those where
repayments are 90 days or
more overdue stood at
26,577, with a total of $128.065
million in consumer debt in
default.
This was an approximate 33
per cent or 1/3 increase on the
total value in default in Sep-
tember and October 2007.
While much of the new total
is likely to have been run-up
in Christmas spending, it also
indicates that increasing num-
bers of Bahamians are having
difficulties paying their bills.


I B Q Mann Judd



BDO Mann Judd a leading professional services firm with 601 BDO Member
Firm offices in 105 countries around the globe, is now seeking applications for an
accountant to work in the assurance/audit department.

The successful candidate will be a recent graduate from a Bachelors of Science
or Arts program in accounting from a recognized university. 1-2 years audit
experience is preferred, but not mandatory. The qualified candidate will be
able to work in a challenging team driven environment, possess the ability
to meet tight deadlines, perform with minimal supervision, have excellent
oral and written skills, and possess a good working knowledge of Microsoft
Office applications. Individuals with the above-mentioned qualifications
should fax or e-mail their cover letters along with resume's to the following:

Recruiting
BDO Mann Judd
Nassau Bahamas
Fax: 242-325-6592
info@.bdomannjudd.com

No phone calls please.
Only the applicants with the above mentioned qualifications will be contacted.





^^^ ^^ ^^ ^^ ^^ ^^^ ^^ ^^ ^t,. ^^Money at Work^^^ ^^ ^^ ^^ ^^


Applicants are invited from suitably qualified Bahamians to fill the
position of General Manager in an international beverage firm. Applicant will
be responsible for managing the overall operation in Nassau and Freeport.

Applicant must be able to develop and execute strategic operating for all
aspects of the Business Operation. Must develop and adhere to established
budgets through management and achievement of annual profit and loss targets.

Must be able to achieve marketplace growth through the development and
execution of key initiatives, including trade development, key account sales
and service, cold drink and fountain sales and service. Providing a high level of
customer service to existing accounts, analyzing the customer base within the
region and identifying potential major sales while ensuring high quality products
with efficient distribution.

This incumbent will have all financial reporting, budgeting and P & L
responsibilities including achieving sales volume, profitability and margin goals.

Additional responsibilities include implementing high quality training programs
for route sales, providing timely and accurate sales forecast, identifying trends
and opportunities and creating a supportive selling environment within the region.


Requirements:
For successful performance in this position, this incumbent must possess a
Bachelor's Degree minimum; a Master's Degree is preferred. A minimum of 10
years experience in a soft drink and manufacturing industry including regional
management sales & marketing with budgeting P & L responsibilities included.
This incumbent must possess strong leadership skills, excellent written and
verbal communication skills and proven organization and planning skills. Applicant
must be highly motivated with the ability to handle stress and meet established
deadlines as set by the Caribbean region. Applicant must be competent in the use
of Microsoft Excel, Word, PowerPoint, and Outlook.


Only Bahamians Need Apply
Please send resume to:
Human Resources Department
P.O. Box N- 3004
Nassau, Bahamas


An entry


















PLEASE SUBM
March 28th, 20


HUMAN RESOU
Re: Sales Repres
51 Frederick Stre
P.O. Box N-4853
Nassau
F: 326.3000
careers@royalfi


[ABSOLUTELY


repreneurial Spirit, original thinking, and a passion to succeed.
If you have it, we want you.

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


SALES REPRESENTATIVE -


PROFILE:
Series 7 qualification
2-3 years experience in sales

Ability to manage multiple priorities / excellent organizational skills

IT BEFORE Ability to work with minimum supervision
D08 to: Strong interpersonal, problem solving and customer service skills

Demonstrated written and verbal communication
IRCES
Microsoft Office proficiency
tentative
!et RESPONSIBILITIES WILL INCLUDE:

Promotion and distribution of various investment products of the
company

delity.com Solicitation of new account holders and attainment of established
sales targets
NO PHONE CALLS] Being accessible to clients and providing information as it relates to

investment product offerings
Preparation of monthly reports for review by senior management


A competitive compensation package (including base
salary and commissions) will be commensurate with
relevant experience and qualification.


K


j


CRITERIA FOR EMPLOYMENT I

* A minimum of a Bachelor's Degree from a
recognized university confirmed by a
certified copy of certificate
* A post graduate certificate in education or a
teaching certificate confirmed by a certified
copy of certificate
* Willingness to support the school's
Accelerated Programme, including teaching
advanced courses such as Advanced
Placement and Advanced Subsidiary.
Experience in teaching advanced courses is
preterred
* Two professional references
* Successful applicants will be expected to
make a commitment to work in harmony
with Christian principles and to support the
emphases of the Bahamas Conference of
The Methodist Church of which the school
is a part..


Qi'EEN'S COLLEGE ...

* Is the oldest private school in The Bahamas
* Ensures a seamless continuity of education
and a strong sense of community
* Offers a rich curriculum
* Is staffed by a talented and dedicated
teaching staff
* Is a place where excellence is respected and
pursued, where teaching and learning are
innovative and where caring for others is
intrinsic
* Offers a competitive benefits package,
including gratuity, pension, health and
dental insurance, discount on children's
tuition
* Queen's College was established in Nassau
in 1890 by The Methodist Church and is a
member of The International Association of
Methodist Schools, Colleges and
Universities (IAMSCU)


THE TRIBUNE


PAGE 4B, TUESDAY, MARCH 18, 2008


f


.'**. ://'; .. '













Bahamians face 'rough ride' from




rising costs and global economy


FROM page 1B

tively expensive.
"I do expect a downturn in
our tourism arrivals," Mr
D'Aguilar said. "That money
filters through our economy,
and businesses are going to be
in for a rough ride in 2008."
Liquidity in the commercial
banking system was still tight,
Mr D'Aguilar said, which
meant the Bahamas could not
use credit to spend its way out
of the worst effects of any
downturn.
"I spoke to a senior banker
this morning, and he already
said they've wriften-off 2008
as a good year," the Chamber
president said.
"With oil continuing to rise
uncontrollably, and with rising
costs and reduced revenues,
it's going to be a bit challeng-
ing.
"It's very unsettled out
there. Bahamian businesses are
going to have to be very, very
careful not to overextend
themselves. They're going to
have to hunker down. The US
is likely to go into recession,
and we don't know how long
or hard this journey is going
to be."
Both Bahamian consumers
and businesses will likely feel a
pinch from the combined
effects of the global financial
system's liquidity/credit crunch
on the one hand, and on the
other, inflation and a rising
cost of living resulting chiefly
from energy prices that yes-
terday hit $112 per barrel.
The credit crunch, and its
knock-on impact on US busi-
ness and consumer confidence,
is likely to reduce economic
activity, incomes and jobs for
Bahamians, given the poten-
tial deterrent effect it will have
on tourism, foreign direct
investment and the real
estate/second home market.
Exchange controls will insu-
late the Bahamian monetary
system from the global liquid-
ity crunch, but this nation will
not be able to escape the
impact in other ways, with
international media reporting
talk on Wall Street over the
weekend that current woes -
epitomised by Bears Steams'
collapse were taking the
world into a 1930s-style depres-


sion.
Such talk could become self-
fulfilling, with the resulting loss
of confidence taking the US
and others into recession. Busi-
ness confidence in the
Bahamas, too, has taken a bat-
tering, but for very different
reasons, namely the decision
by Harrah's to withdraw from
the $2.6 billion Cable Beach
joint venture.
That has effectively placed
the Baha Mar project into cold
storage, along with any con-
struction jobs and foreign
direct investment capital
inflows that might have result-
ed this year. This will impact
the foreign exchange reserves
and banking system liquidity.
As a result, many in the busi-
ness community are urging the
Government to find a way to
replace the anticipated Baha
Mar capital inflow. Apart from
kick-starting other investment
projects such as Albany, other
ideas involve the Government
making good on its commit-
ment to privatise the Bahamas
Telecommunications Compa-
ny by year-end. If Bluewater's
offer is accepted, that is $260
million in foreign currency.
Investor confidence will also
have been hit by the Baha Mar
situation, with many likely to


look elsewhere given the
heightened political risk from
administration change and the
sheer time it has taken to
approve such a project.
While demand side eco-
nomics will likely reduce dis-
posable incomes for many
Bahamians, especially those in
the middle and lower-income
classes (and particularly those
relying on gratuities and com-
missions), they will also be
squeezed on the other side by
rising costs.
This is driven primarily by
the cost of oil and petroluem-
related products, and will man-
ifest itself most obviously in
increased Bahamas Electrici-
ty Corporation (BEC) bills for
consumers and businesses, and
at the gas pump.
The impact from oil passing
the $90 per barrel threshold
pre-Christmas is just now being
felt in BEC bills, with the elec-
tricity monopoly having
imposed fuel surcharges that
exceed $0.16 per kilowatt hour
for February and March. That
is some 2/3 or 66 per cent high-
er than the year-before 2006
comparatives.
The fuel surcharge compo-
nent is now higher than BEC's
basic tariff rate, and indicates
that the company purchases its


fuel some three to four months
in advance.
Given the impact the $90 per
barrel price has had, and the
seeming time-lag between pur-
chase and use, it is likely that
Bahamian businesses and
households will start to feel the
$112 per barrel effects towards
the end of the second quarter
in May- June-July 2008.
That will be just in time for
the peak summer season, when
air conditioning use is at its
height, meaning that if con-
sumers are worried now, they
'ain't seen nothing yet'. Espe-
cially hard hit will be the major
hotels, industrial firms and oth-
er major power users who
require electricity 24/7.


Other effects, though, will
be to increase freight and ship-
ping costs. Given that the
Bahamas' annual food import
bill is around $500 million,
increases in fuel costs and
worldwide shortages of staples
such as wheat, tuna and oth-
ers, consumers will also feel
the impact in their food bills.
Mr Lowe said the Govern-
ment needed to prepare the
Bahamian people for possible
tough economic times ahead,
adding that people were likely
to become angry about rising
prices if they received now
answers.
The message, he said, need-
ed to be: "Tighten up, folks,
the free ride's over."


INDUSTRIALILABOUR RELATIONS OFFICER (MANAGER)

Qualified Bahamians are invited to apply for the position of Labour Relations Officer.

Applicants should be between the ages of 25-35 years of age and should possess
the minimum qualifications of a University Bachelor's degree in Industrial Relations or
equivalent major in Economics or Business Administration.

A minimum of 3-5 years basic Industrial Relations experience would be valuable; experience
in the field of Personnel Management in the Hotel/Catering, Restaurant or related industries
would be an asset.

The successful candidate will undergo a period of apprenticeship training in the field of
Labour Relations/Industrial Relations so as to be fully equipped to deal with all facets of
trade disputes resolution and negotiations with Trade Unions.

Persons who have recently completed College and are desirous of a career in Industrial
Relations may also apply.

Applications are to be submitted in writing only together with curriculum vitae not later than
Thursday 20th March 2008 to:

DA 60964
C/O P.O. BOX N-3207
NASSAU, N.P., THE BAHAMAS

i^ ^_ -^ ^ ^^ ^^ ^ ^^_^_ ^^ ^ ^ ^__


Lignum Institute of Technology



Upcoming Courses:


1) AutoCAD Intro-Intermediate


2) Project Management (CIPM)


3) Microsoft Word/Excel Combo


4) Introduction to Computers



eoime iaand





For more information, please contact:


Candice Albury
Office Assistant/Training Coordinator
Lignum Technologies Bahamas Ltd.
Harbor Bay Shopping Plaza


Ph: 393-2164


Fax:394-4971


Email :candice@lignumtech. corn


IN HOUSE
INVESTMENTS LTD

NOTICE TO

SHAREHOLDERS

The Board of directors of In House Investments
Limited has declared a quarterly dividend for
Preferred Shares to all shareholders of record at
March 14, 2008 as follows:

Preferred Shares 7.25% per annum
(payment quarterly)

The payment will be made March 31, 2008 through
Royal Fidelity Share Registrars & Transfer Agents
Limited in the usual manner.


ST. AUGUSTINE'S COLLEGE
is accepting applications for the
2008-2009 ACADEMIC YEAR


COMPUTER STUDIES
One person is needed to teach Computer Science to grades 10 through 12. The
applicant must be proficient in Microsoft Word, Excel, Access, Powerpoint and
C++. Proficiency in other programming languages is preferred.

PHYSICS/CHEMISTRY
One Person to teach Physics and Chemistry to grades nine through twelve.
The applicant must have experience in preparing students for external
examinations

ENGLISH LANGUAGE/LITERATURE
One person to teach English Language/Literature to all grade levels.
Experience in preparing candidates for B.J.C and B.G.C.S.E examinations is
required.

One person-to teach English Language/ Literature at the grade Seven and Eight
levels.

ACCOUNTING
One person to teach Accounting to grade ten through twelve. Knowledge of
British and American accounting system is necessary. The applicant must have
experience in preparing students for external examinations.

GUIDANCE COUNSELOR
A male counselor is needed. The applicant must have experience working with
high school male students, should be open minded to Bahamian culture and people
and must be of the Roman Catholic Faith. Proficiency in basic computer skills is
:referred.

All applicants must hold a degree from an accredited university and a
Teachers' Certificate. Two letters of reference, copies of all degrees and
certificate, and two passport size photos should be submitted. A
commitment to the values of Catholic, Benedictine education is expected of our
teachers. Our those who have no difficulty with the Roman Catholic beliefs
and teaching need apply. Please submit application and required documerits to:

THE PRINCIPAL
ST. AUGUSTINE'S COLLEGE
P.O. BOX N-3940
NASSAU, BAHAMAS


TUESDAY, MARCH 18, 2008, PAGE 5B


INSIGHT


Fop the stoples

hehind the

news, Pead

IRON 0 n

Monday


THE TRIBUNE








PAGE 6B, TUESDAY, MARCH 18, 2008


THE TRIBUNE


RBC
S FINCO



NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

"ALL THAT piece parcel or lot of land being Lot 305 feet south of
Adelaide, situated in the Western District on the Island of New Providence
one of the islands of the Commonwealth of The Bahamas. Situated
thereon is a Duplex consisting of 1 (3) Bedrooms, (2) bathrooms and 1
(1) Bedroom, (1) Bathroom.

Property Size: 5,691 sq. ft.
Building Size: 2,000 sq. ft.

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549, Nassau,
Bahamas and marked "Tender 1755". All offers must be received by the
close of business 4:00.pm, Friday 21st March, 2008.





RBC
FINCO



NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

"ALL THAT piece parcel or lot of land being Lot No. 141, Winton
Meadows. Subdivision situated in the Western District on the Island of
New Providence one of the islands of the Commonwealth of The Bahamas.
Situated thereon is a Single Family Residence consisting of (3) Bedrooms,
(2) Bathroom.

Property Size: 8,000 sq. ft.
Buding Size: 2,010 sq. ft.

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549, Nassau,
Bahamas and marked "Tender 9867". All offers must be received by the
close of business 4:00 pm, Friday 21st March, 2008.




GROWING MULTI-MEDIA & TRANSPORTATION
COMPANY REQUIRES

FINANCIAL CONTROLLER

Rapidly growing company is inviting applications for the
position of "Financial Controller". Applicants should have
a Bachelor's Degree in Accounting and a CPA, ACCA, CA
qualification or any other qualification recognized by the
Bahamas Institute of Chartered Accountants.

Successful candidate should:
have at least 4 years experience in an established
accounting firm
be able to work as a part of a team
be able to prepare budgets and financial reports
liaise with banking officers
be able to communicate effectively with all levels
of management
be proficient in meeting and keeping all deadlines
have proficient knowledge of QuickBooks

For a confidential interview please mail resume to:
c/o Finandal Controller,
P 0 Box N 4271, Nassau, N. P., The Bahamas
or email financialcontrollerposition@yahoo.com


Chamber chief backs competition regulator


FROM page 1B
use to squeeze them out of
business.
Enhancing competition in
the Bahamian economy, many
of whose industries are domi-
nated by monopolies or oli-
gopolies featuring just a few
companies, would benefit con-
sumers by keeping prices, ser-
vice and product quality keen,
Mr Simon added.
"The more competition
there is, and the better com-
petition is, the more choices
should become available to
consumers," Mr Simon told
The Tribune.
"A consumer benefits from a
more competitive environ-
ment, as it brings about more
competitive pricing. And by
consumers having more choice,
they create a new business, and
new types of businesses and
services. It benefits the entire
economy and country when
you have a more competitive
environment."
The Economic Partnership
Agreement (EPA) that the
Government intends to sign
with the European Union
(EU) mandates that all signa-


stories to the agreement, includ-
ing the Bahamas, would have
to establish a competition reg-
ulator and laws within five
years of that signing.
Competition is just one area
where the Bahamas will be
required to modernise its econ-
omy and legislative framework
as a result of signing the EPA.
Arguably, signing this agree-
ment, coupled with the
prospect of World Trade
Organisation (WTO) mem-
bership and revised trade
agreements with the US and
Canada, will require the
Bahamas to do things it should
have done years ago.
Zhivargo Laing, minister of
state for finance, told a Town
Meeting on the EPA last week
that legislation to create acom-
petition regulator and accom-
panying laws/policies existed
in draft form only.
The creation of such a
watchdog would, in theory,
help to prevent large compa-
nies from abusing their domi-
nant position; cause mergers
and acquisitions that create
competition, antitrust and mar-
ket share concerns to be
referred to an organisation


E RBC
FINCO



NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

"ALL THAT piece parcel or lot of land being Lot No. 101, St. Andrew's
Beach Estates situated in Southern District on the Island of New Providence
one of the islands of the Commonwealth of The Bahamas. Situated
thereon is a Single Residence.

Property Size: 5,000 sq. ft.
Building Size: 1,312 sq. ft.

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, PO. Box N-7549, Nassau,
Bahamas and marked "Tender 2311". All offers must be received by the
close of business 4:00 pm, Friday 1st February, 2008.




SRBC
FINCO



NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

"ALL THAT piece parcel or lot of land being Parcel of Land Port William
Grant, situated in the Western District on the Island of New Providence
one of the islands of the Commonwealth of The Bahamas. Situated
thereon is a Single Family Residence consisting of 3 Bedrooms, 3
Bathrooms.

Property Size: 12,000 sq. ft.
Building Size: 2,756 sq. ft.

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549, Nassau,
Bahamas and marked "Tender 3519". All offers must be received by the
close of business 4:00 pm, Friday 21st March, 2008.


such as a Monopolies and
Mergers Commission; and pro-
hibit activities such as price fix-
ing and price collusion by dom-
inant competitors in sectors
where there are few partici-
pants.
Indeed, some observers
(including Tribune Business)
feel the Price Control Depart-
ment would be better off con-
verted into a competition
watchdog, along the lines of
the UK's Office of Fair Trad-
ing.
Mr Simon told The Tribune
that a Bahamian competition
regulator was needed for
"pretty obvious reasons",
describing its creation as "nec-
essary" in an economy where
most sectors are dominated by
a handful of oligopolies and a
handful of long-established
firms conditions conducive to
anti-competitive practices.
The Chamber executive said
of such a regulator: "It helps to
bring about greater balance in
industry, and puts pressure on
things that might be happen-
ing.
"Hopefully, monopolistic
tendencies in certain business-
es will be eradicated, and this
will be a body that helps small
and micro-size businesses,
which comprise the bulk of our
economy by volume. The more
healthy and productive that
sector is, the better the benefits
for the entire economy."
When it came to the trade-
related reforms that would be
demanded of the Bahamas, Mr
Simon said: "We can make


ourselves more productive, we
can make ourselves more effi-
cient, we can make ourselves
more competitive, we can
make ourselves more account-
able, and we can make our-
selves more transparent."
He added -that if the
Bahamas remained outside
trade agreements such as the
EPA, "you expose yourself to
the uncertainty of the foreign
regulators, the pressure of
multinationals and other
groups that may not have your
best interests at heart".
For example, the Bahamian
financial services industry's key
concern over the EPA, as
expressed by Bahamas Trade
Commission chairman John
Delaney, is whether the sector
could be placed at a competi-
tive and regulatory disadvan-
tage if this nation signed on.
The main fear is that the
EPA could commit the
Bahamas tp the exchange of
tax information with EU states,
something that would deal a
major blow to the financial ser-
vices industry. Mr Delaney said
they have been assured that
this is not the case.
In the alternative, staying
outside the EPA could expose
the Bahamian financial ser-
vices industry to such provi-
sions, especially if the Bahamas
decides it wants to sign on at a
later date.
Membership, or non-mem-
bership, in trading arrange-
ments could also dictate where
investors decided to do busi-
ness, Mr Simon said.


RBC
FINCO


NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

"ALL THAT piece parcel or lot of land being Lot #17, Blk #16, Millar's
Heights Subdivision situated in the Southern District on the Island of
New Providence one of the islands of the Commonwealth of The Bahamas.
Situated thereon is a Semi Commercial Building consisting of 1 (3)
Bedrooms, (2 1/2) Bathrooms and a Duplex consisting of (2) Bedrooms,
(1) Bathroom each.

Property Size: 7,000 sq. ft.
Building Size: 1,440 sq. ft. (House)
Building Size: 1,632 sq. ft. (Duplex)

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549, Nassau,
Bahamas and marked "'Tender 2891". All offers must be received by the
close of business 4:00 pm, Friday 21st March, 2008.



COMMONWEALTH OF THE BAHAMAS 2007/CLE/gen/00370

IN THE SUPREME COURT

Common Law and Equity Division

BETWEEN


COMMONWEALTH BANK LIMITED


Plaintiff
AND

SHERNETTE MACKEY


Pricing Information As Of C F A .L'
Monday 17 March 2008
O A 9 =.HG -0.19 ? Y T -49.13 rb % -2.38
52wk-Hl 52wK.Low Securit y Previous Close Today's Close Chalrgo DaiIly \ol EPS $ Div S P E Yieal,
1 90 078 Abaco Markets 1 89 1 89 000 0 157 0 000 120 0 00'
11.80 11.25 Bahamas Property Fund 11.80 11.80 0.00 1.502 0.400 7.9 3.39%
9.68 8.60 Bank of Bahamas 9.61 9.61 0.00 100 0.643 0.160 14.9 2.71%
0.99 0.85 Benchmark 0.99 0.99 0.00 0.188 0.030 5.3 3.03%
3.74 2.10 Bahamas Waste 3.60 3.66 0.00 0.289 0.090 12.7 2.46%
2.70 1.30 Fidelity Bank 2.00 2.60 0.00 0.058 0.040 44.8 1.54%
13.60 10.33 Cable Bahamas 13.60 13.60 0.00 1.093 0.240 12.4 1.76%
3.15 2.10 Colina Holdings 3.14 2.87 -0.27 14,698 0.031 0.040 92.6 1.39%
8.50 4.67 Commonwealth Bank (S1) 7.77 7.77 0.00 0.428 0.270 18.2 3.47%
7.22 3.78 Consolidated Water BDRs 3.87 3.60 -0.27 0.129 0.052 30.0 1.34%
2.60 2.20 Doctor's Hospital 2.46 2.46 0.00 0.316 0.020 7.8 0.82%
7.90 6.94 Famguard 7.90 7.90 0.00 0.713 0.280 11.1 3.57%
13.01 12.46 Finoo 12.92 12.92 0.00 2.8665 0.810 0.570 16.0 4.41%
14.75 13.95 FirstCaribbean 13.95 13.95 0.00 0.914 0.470 15.3 3.37%
6.10 5.12 Focol (S) 5.50 5.50 0.00 0.363 0.140 15.2 2.55%
1.00 0.54 Freeport Concrete 0.74 0.74 0.00 0.035 0.000 21.1 0.00%
8.00 6.86 ICD Utilities 6.86 6.86 0.00 0.411 0.300 16.7 4.37%
12.50 8.60 J. S. Johnson 12.30 12.30 0.00 500 1.059 0.610 11.6 4.96%
1000 1000 Premier Real Estata 1 00 1000 000 1 16' ,., 600 80 600
.. ".,. : ', .'. .. . -. ,,.&-- -.. w a uiiW..ha,$, o- w ir Secuntlea
52,K-hl 562wk-Low Symbol BIO 5 AskS Ljsl Pric,:o Videly Vol EPS 5. Di. 5 PE Viola
14 "0 14 26 Bahamas Suparmarkats 1460 1560 14 1.99 I 160 0 0got) I 13. 0 II.
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.36 0.40 0.35 -0.023 0.000 N/M 0.00%
4100 41 00 ABDAB 4100 43.00 4 I 00 4 450 2 750 90 n 70
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 0.900 13.4 6.16%
0.55 0.40 RND Holdings 0.45 0.56 0.45 -0.023 0.000 N/M 0.00%
52wk-HI 52wk-Low und Name NA V YTD% Last 12 Months Div $ "-Yield %
1.3041 1.2037 Collna Bond Fund' 1.304134" 0.94% 5.70%
3.0008 2.6254 Collna MSI Preferred Fund 2.982729" -0.60% 14.89%
1.3828 1.2647 Colina Money Market Fund 1.382793*" 0.56% 3.87%
3.7969 3.1424 Fidelity Bahamas G & I Fund 3.6651* -3.47% 18.211%
12.0429 11.4467 Fidelity Prime Income Fund 12.0429* 0.92% 5.69%
100.0000 100.0000 CFAL Global Bond Fund 100.00"
100.0000 100.0000 CFAL Global Equity Fund 100.00".
1.0000 1.0000 CFAL High Grade Bond Fund 1.00"
10.5000 9.6433 Fidelity Inlernalional Inveslmeni Fund 9 6433' -020% .8 10li
;; ,W:,o.oo%. I 2007r 34.47%
BI3 ALL S,.RE -N EOE ti9 Dei 0i I- O I 00 MARKEt TERMS VIEL) u l. J .. I ..... ,,. NAV KLY
52wk-HI Highest closing price in last 52 weeks Bid $ Buying price of Clllin illn d I klllly
52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price. of Coflin nd aIeilty 29 t'oi tury 20011
Previous Close Privious day' weilghled price for daily volume Last Price Last traded over-dhe-counter prica 31 Docomuor 2o107
Today's Cloe Current day's weighed priee for daily vo.lf. Weekly Vol Trading volumro of Ilit prior weok "* 7 M-irch 20011
Change Change In oeloing prio fro day to day EPS $ A company'u reported eonaming per sham for the last 12 millt
Daily Vol. Number of otlal shares traded today NAV Not A.sel Value
DIV $ Dividends per share, paod in the last 12 monthly N/M Not Menlingful
PIE Closing price divided by ithe lo t 12 month ernings FINDEX Tihe Fidelity 13iahlinni Stock Index. Jonuarry 1, 10994 100
8) 4-fo-1B Sack Split Effctive Dale W1W/2007
iS l 1 ,lmo l S or S fir I EZl ratlrL ( 4 0)'11 9 7007
." ." i' x~lli 2 4 roi'm Mr ,I 1 lit, I, ,3 INI (,.l~ytttOfIl ol CALL, (2 42) 39-4-200.3.


Defendant


TO: SHERNETTE MACKEY


TAKE NOTICE that:
1. A Writ of Summons filed on the 19th of
March, A.D., 2007 have been issued against
you in the Supreme Court of The Bahamas
being Action No. 2007/CLE/gen/00370 by
Commonwealth Bank Limited, the Plaintiff
herein.
2. On the 13t day of March A.D., 2008
the Court ordered that the Writ of Summons
be deemed to be served on you by this
advertisement.
3. You must within fourteen (14) days from
the date of publication of this advertisement
respond to the claim by;
(a)Entering an Appearance to this action;
(b)Admitting the claim; or
(c)Filing and serving a Defence to the
claim;
4. That the Court further Ordered that the
existence of further proceedings be deemed to be
served on you by way of similar advertisements.


Dated the 13th day of March A.D., 2008


GRAHAM, THOMPSON & CO.,
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attorneys for the Plaintiff


I I I I II IUIINESIS







TUESDAY, MARCH 18, 2008, PAGE 7B


r THE TRIBUNE


protected from



credit crisis


-i
.- By ELLEN SIMON
AP Business Writer
NEW YORK (AP) The
1predit crisis has done more
,damage on Park Avenue than
ron Main Street, but the near-
.collapse of investment bank
bBear Stearns raises the ques-
jtion of whether Wall Street's
troubles could spread to com-
,mercial banks and ordinary
depositors.
_. The short answer is this:
Deposits in commercial banks
,are considered safe, barring cat-
astrophe, and they are protect-
ed by federal insurance if a
.bank fails. "The average guy
on thq.street has nothing to
,worry about," said Gerard Cas-
sidy, a banking analyst at RBC
Capital Markets. "There should
be no panic whatsoever."
Individual bank accounts at a
single institution are insured by
the Federal Deposit Insurance
Corporation up to $100,000,
including checking and savings
accounts, trusts, and IRAs or
certificates of deposit. Some
retirement accounts are insured
up to $250,000.
Bear Stearns, an investment
bank that does not cater to con-


sumers, is not insured by the
government.
If you have more than
$100,000 in a commercial bank,
you can get coverage a couple
of different ways, including by
simply opening accounts at oth-
er banks.
Commercial banks would
have to fall far before they
match the 1991 recession, when
502 banks failed in three years.
By contrast, only three US
banks failed last year, and none
failed the previous two years,
according to the FDIC.
Monitoring
The FDIC was monitoring
only 76 "problem institutions"
last year, down from 1,430 in
1991.
Still, bank failures will prob-
ably increase through 2009, said
Anthony Davis, an analyst at
Stifel Nicolaus & Co. Inc. But
"based on what we're hearing
from various regulatory agen-
cies, they don't think there will
be a surge in failures."
Still not convinced? After all,
banking analyst Meredith Whit-
ney warned Monday that finan-
cial stocks could fall by as much


as half, and consumer banks
such as National City Corp.
have seen their stocks slide, too,
as the banking world shud-
dered.
Say the regulators are wrong
and scores of banks begin to
fail. How will the FDIC possi-
bly cover all of them?
As of December, the FDIC
was covering $4.3 trillion in
insured deposits with a fund of
$52.4 billion, for a reserve ratio
of 1.22 per cent. That sounds
scant.
But take a deep breath,
because the FDIC's reserve
ratio sank as low as a negative
0.25 per cent in 1991, and
depositors with accounts at
failed banks were still covered.
The FDIC assesses banks an
insurance rate, based on how
risky it judges the banks to be.
The existing rates range from
0.05 per cent for the least risky
to 0.43 per cent for the most
risky. Should the FDIC need
to, it could increase those rates.
Just last week, the FDIC's
staff recommended that it
maintain the existing rates, say-
ing that 99 per cent of the insti-
tutions it insures are well-capi-
talized that is, not too risky


Citco Fund Services is a division of the Citco Group of Companies and is the
largest independent administrator of Hedge Funds in the world with offices in Curaqao.
Amsterdam, Dublin, London, Luxembourg, Miami, New York, Toronto, Halifax, Cayman
Islands, the British Virgin Islands, The Bahamas. Bermuda, San Francisco, Singapore,
The Channel Islands and Sydney. The division provides full service administration to
over 2.000 Hedge Funds tfor multinational banks and international Investment Managers,
totaling over $600 billion in net assets.


As part of our continued expansion, in our office in The Bahamas, we now have an
opportunity for a professional and commercially oriented


Human Resources Manager

Applicants will have a solid understanding of the following Human Resources
functional areas:
* Recruitment & Resource Planning
* Employee Relations
* Performance Management & Review
* Benchmarking
* I.R Policies, Procedures and Projects
* HRIS (Human Resource Information System)
* Payroll-& Benefits Administration
* Training Management (Technical & Soft Skills)

The successful candidates should meet the following criteria:
* 5 years Human Resources experience with at least 3 years in a similar role
* Ability to demonstrate prior capabilities across the spectrum of HR
(recruitment, compensation and benefits, employee relations, performance
management, training)
* Proven working knowledge of Bahamian employment law
* Proven ability to deliver Best Practice Human Resource Services & Practices
* Coaching, mentoring and consultative skills gained in a similar role
* Excellent interpersonal and communication skills
* Strong organizational, administrative and analytical skills
* Prior experience in the training function (delivery or management) is desirable
* Financial Services experience is desirable
* Strong business/customer service orientation essential.

We offer you: a challenging job in a rapidly expanding international company, with an
informal company culture. You will have the opportunity to broaden your job specific
knowledge with excellent prospects for participation in Citco's global best practice IHR
initiatives.

If you are interested in this opportunity, please send your curriculum vitae and covering
letter via
e-mail at the latest on April 1", 2008 to: Citco Fund Services (Bahamas) Ltd.,
(hrbahamas@citco.com). You can find more information about our organization, on our
website: www.citco,com


GOVERNMENT NOTICE-

MINISTRY OF PUBLIC WORKS & TRANSPORT
ELBOW CAY SHORELINE PROTECTION WORKS, THE ABACOS
Request for Tender
The Government of the Commonwealth of The Bahamas, through
the Ministry of Public Works & Transport, Invites Tenders for coastal
rehabilitation works In Elbow Cay, The Abacos.
All Interested parties are Invited to collect Tender Documents after
payment of the Non-Refundable Fee of Two Hundred Dollars ($200.00).
Payment may be made in the form of cash, certified cheque, bank
draft or money order. (,;ertifled cheques should be may payable to the
.Public Treasury, Govemment of the Commonwealth of The Bahamas..
The Tender Documents are available from 10th March, 2008, between
the hours of
10:00am and 4:30pm, Monday to Friday, from:
The Secretary
Civil Engineering Section
1 st Floor East Wing
Ministry of Public Works and Transport
John F. Kennedy Drive
P.O. Box N-8156
Nassau, The Bahamas.
Telephone: (242) 322-4830 Ext 4042 Fax:
(242) 302-9770
Email: robertgarraway@BAHAMAS.GOV.BS
Please note that evidence of payment of the above-stated fee(s) must
be provided, prior to release of any documents.
Tender Documents must be fully completed in accordance with the
Instructions therein.
The original and three (3) copies of the completed proposal must be
placed In a sealed envelope clearly marked on the outside "Tender
Document for Elbow Cay Shoreline Protection" and deposited In the
Tender Box at the Ministry of Finance, Cecil Wallace Whitfield Centre,
West Bay St, P.O. Box N3017, Nassai, The Bahamas, no later than
10:00am. on or before Tuesday, 8th April, 2008.
Tenders are Invited to be present for the Tender Opening on Tuesday
8th April. 2008. when the Tenders' Board meets at 10:00am.
The Ministry of Public Works & Transport reserves the right to reject
any or all Tenders.
-,Sigoed .
;. Colin Higgs
WIN ;1 =.|gI ":










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

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


RECEPTIONIST -

PROFILE:
At least 1-2 years of relevant work experience handling
receptionist duties ,
Good communication and interpersonal skills


PLEASE SUBMIT BEFORE
March 281h, 2008 to:


HUMAN RESOURCES
Re: Receptionist
51 Frederick Street
RO. Box N-4853
Nassau
F: 326.3000
careerseroyalfldellity.com


[ABSOLUTELY NO PHONE CALLS]


* Good working attitude
* Presentable, confident and customer service-oriented
* Pleasant disposition, courteous and professional telephone
technique and behaviour
* Microsoft Office proficiency


RESPONSIBILITIES WILL INCLUDE:
* Front desk/customer service duties
* Maintain the reception area in a presentable and welcoming
condition.
* Handle all incoming calls & handle customer queries in a courteous,
helpful and professional manner
* Manage meeting rooms and reception of customers promptly
* Other ad hoc duties when required

A competitive compensation package will be
commensurate with relevant experience
and qualification.


I


. -- -. 7. 1
OW. .;"."


To advtii iniTe T ih e


, Is my money safe?



t Commercial bank



accounts considered










PAGE 8B, TUESDAY, MARCH 18, 2008


THE TRIBUNE


COLLEGE OF T AHAMAS


ITHE C OF li f A 114 B M AS


PEF

COURSE
SNO.

i ACCOUNTING
ACCA900
ACCA901
ACCA902

BUSINESS
CUST900_
BUSI900 ..........
BUSI901


COMPUTERS
COMP901
COMP901,
COMP902 __
COMP941
COMP953
COMP960_
COMP930

COSMETOLOGY
COSM802_


RSONAL DEVELOPMENT SUMMER SEMESTER 022008

ISEC COURSE


- NO. DESCRIPTION
:....:.... .... _. .... ........, ...._..

01 ACCOUNTING FOR BEGINNERS I
01 ACCOUNTING FOR BEGINNERS II


ACCOUNTING FOR BEGINNERS III


01 SUPERIOR CUSTOMER SER. W/S


C.T.. ..AN.. ..c.O.LLECTO.N ..!......................
CREDIT AND COLLECTIONS II


TIME


DAY


... 71 -


6:00pm-
6:00pm
6:00pm-
8:00pm
6:00pm-
8:0o8pm


9:30am-
4:30om


6:00pm-
6:00pm-
9:00pm


Mon/Wed
Mon/Wed
Tues/Thurs


Thurs


Thurs
Tues


START DUR


5-May 10wka
5-May 10 wks
6-May linwks


.. .. .. .... ... -.... .


22-May 1 day


.-May..
13-May


B wks


FEE


$170


$250


........... ..... ........ ....... .... I............I....


6:00pm-
01 COMPUTER APPLICATIONS I 9. m ..... on ..... 5-May 9 wk $450
10:00am-
02 COMPUTER APPLICATIONS I 1:30pm Sat 10-May 9 wka $450
6:00pm-
01 COMPUTER APPLICATIONS II 9:30pm Thurs BMay 9wks $550
6:00pm-
... U C K BO O K S 9:0.......... TuesQ. O .O..6 w k $330............................................................. ..9.. m .. ............ .... .............
6:00pm-
01 PC UPGRADE & REPAIR 8:00pm Mon/Wed 12-May 9wks $500
9:30am-
01 MICROSOFT POWERPOINT 4:30pm Thurs 29-May 1 day $170
9:30am- T
01 WEB PAGE DESIGN WORKSHOP 4:30pm Thurs 12-Jun 2 days $550

6:00pm-
01 MAKE UP APPLICATIONS 9:00pm Mon 12-May 8 wks $225


DECORATING _____6:0
6:00pm-
FLOR801 01 FLORAL DESIGN II 9:00pm Tues 6-May 10 wks $250
6:00pm-
DECO800 01 INTERIOR DECORATING II 9:00pm Wed 14-May 10wks $225
............................ .. ........... ........ ............................. ................ ........ ............................ ................. ......................... ...................... .....

6:00,pm-
ANIM800 01 DOG GROOMING 9:00pm Tues 13-May 8 wks $350

ENGLISH
6:00pm-
ENG900 1.................... 1 ........EFFECTIVE WRITINGSKILLS 9 pm Tues 8-May ,8.wk..... 3. .300
HEALTH AND
FITNESS _
6:00pm-
MASG900 01 MASSAGE THERAPY ESSENTIALS I | 9:00pm Thurs 14-May 10wks $465
i 6:00pm-
MASG901 01 MASSAGE THERAPY ESSENTIALS II 9:00pm Mon 12-May 10 wks $620
i I 9:30am-
BWAX900 01 BODY WAXING W/S 4:30pm Tues 20-May 2 days $300

DANCE I j
7:00pm-
DANC900 01 BAHAMIAN DRUMMING & DANI 900pm Tue 6May l0wks $275
N . 0 ... ...... ........ .......... ... - --M -M! N .-..-..-.-.N.N.- ..-..-. ... ....................... ... .. ... M . . K .... . _
0 D 6:30pm-
I DANC901 01 BALLROOM DANCING 8:30pm Wed 14-May 10wks $275
9:00am-
DANC902 01 LITURGICAL DANCING 11............. 1:00am Sat 10-May 10wks $275

MANAGEMENT i j
G 1 6:00pm-
MGMT900 I 01 HUMAN RESOURCE MGMT I 9:30pm Thurs 8-May 9 wks $250
i I 6:00prm-
MGMT901 01 HUMAN RESOURCE MGMT II 9:30pm Mon 5-May 9 wks $300

CRAFT .
| 6:00pm-
SEW800 i 01 BASIC FREEHAND CUTTING I 9:00pm Mon 12-May 10 wks $225
SE i M6:00pm
SEW805 i 01 DRAPERY MAKING I 9:00pm Tues 13-May 10 wks $225


CRA900 01


JEWELRY MAKING


6:00pm-
1 8:00pm


Thurs


8-May


10 wks


ENQUIRIES Contact the Coordinator at Tel. (242) 325-5714 / (242) 325-0093 328-1938 / 302-4300 et 5202 or email acurry cob t-. bit
All fees are included with the exception of the applicallon fee of $40.00 (one time).
CE/S' rt-,' e //h rih, ti change /idtion. Fees. Courw (Contlient. Course i chtdule and) 'ouifr ,fateridwl
Revised March 12
2008
------------------------- 7-------------------------------------------------------------------------

INTERNATIONAL

LANG UAGES

AND CULTURES

INSTITUTE








C,../!;,JNiCATiON: A KEY TO GLOBAL UNDERSTANDING


AT THE COLLEGE OF THE BAHAMAS


IS PRESENTLY OFFERING THE DELE EXAMINATIONS:
(DIPLOMA DE ESPANIOL COMO LENGUA EXTRANJERA)


REGISTRATION : MARCH 3 TO APRIL 11

THE EXAMINATION WILL TAKE PLACE ON MAY 23


BEGINNING ON MARCH 31sT,

TUESDAYS & THURSDAYS, 12 TO 1:30
SURVIVAL MANDARIN FOR THE OLYMPICS
TAUGHT BY PROFESSOR XU FROM NANJING, CHINA


FOR MORE INFORMATION, PLEASE CALL:

302-4584 OR 302-4587
OR E-MAIL US AT: ilci@cob.edu.bs


IltH IN TIEINATIONAI. I.ANGUA(;GES AND) CULTURES INSTITI TEL THE COI,E1.(;1I./UNIVEISITY OF TIlII AIAHAMAS
EVENTS CALENDER 210018 REVISEDD) MARCH 4, 2101)8)


\larch 28
riday,
NOTE:


I I'EVEENT
( I]NA II N 'ANI) NOW
I IAI IIAN IIIM
I A I IS I IDDEN TRIASUR-S

ALL EVENTS ARE SUBJECT
TO CHANGE


LECTURERS / I'AITiI PANTS
Professor Xianwen Xu Iromi Ninjing. (Chima1
Short [ntroduciion: Mr. Miirc IDesmangles,. U11Al:
United Association of Ilitians in the Ibhuliiuimns

PLEASE CALL US PRIOR TO ANY
EVENT TO CONFIRM


VENIUEI
..... ... ... -.. ......... ........
Munlnings Building
Room 2 at 6:30

302-4584
302-4587


1,5 [SN iiC~. (15(15. lisp clsirii,'i


EDUCATING & 4 ING BIAHAMIANS


CENTRE FOR CONTINUING EDUCATION AND EXTENSION SERVICES


Visit our website at www.cob.edu.bs


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l|B^H|^B^H`kpplff~lfl deadlflHflHDfl3IIHeB
^^^^^^^^^^^^Anp^^^^^ca^fio^^^ls oi^^^^^^^e at^
^^^^^^^--**cFax 302-4329 Te ^^ 302-45,81)
^^^^^^^^ Office ^^^^^t^^^^.^l( Lemit-l^^ship Room A S'S


I


I


STAFF VACANCY
The College of The Bahamas is a publicly-funded institution delivering education toward associate degrees and baccalaureate
degrees, as well as various certificates and diplomas to approximaly 5,000 students. The College employs 213 regular
faculty, about 70 part-time faculty as well as 385 staff. It is the 16 largest employer in The Bahamas. The College has
an operating budget of $47M in 2007/08. The College is preparing its transition to full university status and is planning
for major construction. It will also be launching a major capital campaign. The College of The Bahamas is seeking qualified
candidates for the position of Vice- President, Finance & Administration and Chief Financial Officer.
Vice- President, Finance & Administration and Chief Financial Officer
POSITION PROFILE
The Vice-President, Finance and Administration and Chief Financial Officer.is a seasoned administrator with superior
strategic and leadership skills. He/she will be a results-oriented leader of high integrity who inspires respect in others,
demonstrates outstanding strategic and leadership skills and shares The College's commitment to students, to faculty and
to service to the nation.
He/she will be a skilled and experienced problem-solver, a strategic thinker who leads in a transparent,'decisive, collaborative
and transparent manner. The Vice-President, Finance and Administration and Chief Financial Officer reports directly to
the President and oversees the financial affairs, the human resources functions and the physical assets and planning of The
College. He/she is supported by a qualified team of experienced managers and supports the mission and implements the
strategic plan of The College. He/she has direct oversight of functions that have an impact on the more than 500 employees
and nearly 5,000 students of The College.
The Vice President, Finance & Administration and Chief Financial Officer directs the College community in all matters
relating to:
operating and capital budgets and planning;
financial and treasurer accounting records and core systems;
S internal and external auditing;
human resources management,
ancillary services;
facilities and construction services;
campus master planning and design;
space management planning and allocation;
campus safety and security.
The Vice-President, Finance and Administration and Chief Financial Officer ensures that all The College's financial
operations are administered in accordance with government requirements, institutional policies and best practices in financial
management in 'not-for-profit' institutions and in accordance with GAAP (Generally Accepted Accounting Principles).
The Vice-President, Finance and Administration and Chief Financial Officer is a member of key College governace and
administrative committees. The Vice-President, Finance and Administration and Chief Financial Officer supervises the
Assistant Vice-President, Human Resources, The Comptroller, the Estates Administrator and a number of other key
administrators. The Vice-President, Finance and Administration and Chief Financial Officer will contribute to the successful
growth of The College into The University of The Bahamas taking on such challenges as the creation of a University
trust/foundation for receipting major gifts, the development of a new pension plan, the negotiation of land transfers from
government and acquisition of new property, major development projects and the negotiation of new insurance poJicies.
Duties and Responsibilities:

Leadership and Management of Policies, Systems, Administration and Reporting
Directs the development of financial policies and standards that provide support for the
academic and research mission of The College of The Bahamas.
Ensures that the financial systems throughout the College meet the highest standards for
providing financial information in a manner that allows strategic financial analysis and
decision making about the best use of the College's financial resources.
Directs the preparation and delivery of financial reporting to the President, to Council as well as to
government and other agencies.
Provides financial oversight and administration services to the College's campuses and
research and field stations.
Oversees the monitoring of the financial well-being of The College of The Bahamas.
Directs development, recommendation and implementation of the annual capital program
and budget.
Supervises planning and monitoring of annual departmental operating budget.
Directs development of the annual work plan for maintenance and renovation of facilities
and budgets for the same.
Provides leadership and direction for the College safety and security programs and policies.
Directs Human Resource policy, procedure, systems and programs including industrial
relations for the College.
External and Internal Liaison and Adviser
Advises the Council and the President on all aspects of financial management including
long range economic trends, consequences of financial compliance and regulatory changes,
and internal resource management.
Coordinates with all involved constituent groups all capital needs and resources, and
recommends principles and priorities for the capital activities, including the development of the
College's Master Plan.
Reviews and reports on The College's fund-raising activities and investments and oversees
the provision of detailed stewardship reports to donors.
Acts as The College's senior financial representative with external professional financial groups.
In collaboration with the Associate Vice-President, External Affairs represents The College
with external groups including government agencies, the business community, as well as with the
media legislators, local communities, the media, alumni and donors.
Directs the external negotiation of the College government subvention.
Special Initiatives
Plan for the creation of The University of the Bahamas Pension Plan.
Ensure appropriate instruments for gift accounting and donor stewardship.
Prepare for quality assurance reviews in all areas of finance and administration in a university setting.
Implement an internal audit programme.
Qualifications:
The successful candidate will have:
Master's in Business Administration, Accounting or Finance or equivalent;
15 years experience in financial management in increasingly demanding positions;
A CPA designation or its equivalent;
Demonstrated excellent leadership and strategic skills;
Proven ability to identify and implement process and systems improvements, and large-
scale control and management initiatives;
Experience in higher education is an asset, though candidates with strong profiles at a senior level in other fields will be
considered.
To ensure consideration, application materials must be received by March 31, 2008.
A complete application packet consists of:
* A Cover Letter
* College of The Bahamas' Application Form
* A detailed curriculum vita
* Copies of all transcripts (original transcripts are required upon employment)
* The names and contact Information for three references
Please send information to:
The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poincianna Drive
P. 0. Box N-4912
Nassau, Bahamas
or
Email: hrapply@cob.edu.bs
Please visit the College's website at www.cob.edu.bs for more Information about the institution and to access the
College's Employment Application Form.





PR S I S sc oLi ..A RS

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

CRITERIA
A nminituun cumulative


Must bc a high school senior
Must be a Bahamian citizen.
Must pass at least 7 Core
"BGCSE Subjects (with 5 A
GRADES) by the end of
S' this year's sitting.

BENEFITS
Full payment of tuition t
and general fees
Annual book allowance *y '

Study lounge complete -
with computer, printing
and faxing privileges
Leadership workshops
and conferences
Domestic & Inlernlational travel
President's Scholars award at Commencement


1.