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The Tribune
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Permanent Link: http://ufdc.ufl.edu/UF00084249/00983
 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 25, 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: UF00084249:00983

Full Text




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FOR LENT F n't.
HIGH 74F
LOW 64F

SUNNY AND
WINDY


The


Tribune


ATOAMAYRC I
BAHAMAS EDITION


S104 No.102
:&lsness
0gOeI L
,L AD


TUESDAY, MARCH 25, 2008


F m &
Navigat~ing

H|^^fiEstEd3teB


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Games
SEE EWSSECIONPAGE 13 14& 1


in plane crash


Americans killed after

aircraft goes down

off Grand Bahama,


* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Two Ameri-
cans are dead after a small pri-
vate plane crashed in waters
about one mile off West End
shortly after take-off from
Grand Bahama International
Airport on Monday afternoon.
According to reports, a sin-
gle engine Mooney aircraft, reg-
istered N2943L, left the airport
around 1.19pm with two men
on aboard.
Air Traffic Controllers lost
radio contact around 1.45pm
with the plane which was head-
ed to Florida.
Chief Supt Basil Rahming
reported the plane was headed


to West Palm Beach. However,
Air Traffic Control officials
report that the plane was on its
way to Fort Pierce.
It is believed that bad weath-
er conditions in the Grand
Bahama area was a contribut-
ing factor in the crash.
BASRA, US Coast Guard
and Police officials were imme-
diately dispatched to the crash
site, located one mile offshore
from Old Bahama Bay Resort
at West End.
At the crash site, rescue offi-
cials found a floating debris field
consisting of luggage, and pieces
of aircraft material. The aircraft
was resting at sea bottom in
about 800-ft of water.
SEE page 11


Girls from US file complaint

with police against taxi driver
THREE American girls, believed to be Spring Breakers,
returned to the US over the weekend after filing a complaint
with Bahamian police against a taxi driver.
According to the complaint, the girls, who were cruise pas-
sengers, got into a taxi.
They claimed that the taxi driver offered to take them to his
home.
However, they told police that when he got there he attempt-
ed to touch one of them.
They got scared, ran from the house and flagged down a
passing motorist who gave them a lift to the police station.
They returned to the US on the cruise ship.
The US Embassy was told that police believe they know
the identity of the taxi driver.
They were expected to interview him today.


THESE YOUNGSTERS enjoy the Easter holiday yesterday with some tamarind in the sunshine at Montagu.
Despite showers yesterday afternoon, the weather stayed generally fine for the holiday period.


r


* By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
THE Progressive Liberal Par-
ty is expected to "turn up" the
heat on the embattled FNM MP
for Marco City, Zhivargo Laing,
over his involvement in the
alleged "illegal" lowering of Cus-
toms duty for his sister-in-law in
September last year.
Yesterday, representatives
from the party said that the PLP
is expected to hold a press con-
ference today to make public the


I



Ai
of
fo
in
ter
of


results of their investigation into
Mr Laing's comments on the
matter.
Mr Laing has categorically
denied any attempt on his behalf
to contravene Customs Duty by
lowering the tariff on the Mona
Vie juice drink for. his sister-in-
law. In previous interviews, Mr
Laing has stated that in reversing
the Customs rate from 45 per
cent to the previously charged
rate of 10 per cent, he was simply
correcting a wrong and reinstat-
SEE page 11


Daughter of lawyer, 30-year-old

nan, fight for lives after shootings
By KARIN HERIG Both the young woman and the 30-year-old
Tribune Staff Reporter man are both still listed as in serious condition
kherig@tribunemedia.net after being shot on Good Friday, Asst Supt Wal-
ter Evans reported yesterday.
THE 19-year-old daughter of a lawyer in the The first of these shootings occurred just before
attorney General's Office and a 30-year-old man 9pm on Friday as the 19-year-old woman was dri-
Mount Pleasant Avenue are in hospital fighting ving in a white 1998 right-hand driven Honda
r their lives after being shot in two separate CRV on Windsor Field Road.
cidents over the Easter holidays. The woman had just collected a "male comn-
Chief Supt Glen Miller told The Tribune yes- panion" from the Lynden Pindling Airport.
rday that the 19-year-old victim is the daughter As she was driving away from the airport, the
Sergeant Eukel Bonamy, a former finger-print- woman noticed a silver Chevrolet Impala, which


ing expert with the police who currently works as
a lawyer in the Attorney General's Office.


SEE page 11


Man in custody
over Grand
Bahama's first
homicide of year
By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net
FREEPORT A young man
was taken into police custody
on Monday in connection with
the shooting death of a 32-year-
old West End man the first
homicide for the year for Grand
Bahama.
Officers of the Central Detec-
tive Unit on Grand Bahama
arrested the suspect around
midday yesterday in the
Freeport area.
The island recorded its first
homicide for the year on Mon-
day when Tino Green, a resi-
dent of Bayshore Road, West
End, was shot multiple times
and died around 4.20am at
Rand Memorial Hospital.
Chief Supt Basil Rahming
said the shooting occurred
around 2.30am on Monday near
the Triple Play nightclub, in the
area known as the "Big Yard."
According to preliminary
investigations, Green was in the
SEE page 11

PM tells Bush
development of
alternative energy
sources is urgent
WITH the spiraling cost of
fuel significantly impacting the
economies of the Caribbean
region, Prime Minister Hubert
Ingraham told US President
George W Bush that the devel-
opment of alternative sources
of energy is an urgent consider-
ation.
Prime Minister Ingraham,
together with Barbados Prime
Minister David Thompson and
Belize Prime Minister Dean
Barrow, last Thursday met with
President Bush to engage in
bilateral talks.
During his fourth visit to the
White House in Washington,
DC, Mr Ingraham indicated to
President Bush that the spiral-
ing cost of fuel is seriously
impacting the economies of the
region, dramatically increasing
the cost of food and utilities and
hence the cost of living for peo-
ple in the region.
The prime minister further
noted that the impact of
SEE page 11


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PM pays courtesy call on OAS Secretary General
PRIME MINISTER Hubert Ingraham talks with Organisation of American States Secretary General Jose
Miguel Insulza during a courtesy called paid on the Secretary General at OAS Headquarters, Washing-
ton, DC, on Wednesday, March 19. Pictured clockwise at the Headquarters of the Organisation of Amer-
ican States (OAS) are Prime Minister Hubert Ingraham, OAS Secretary General, Jose Miguel Insulza,
OAS Assistant Secretary General Albert Ramdin and Bahamas Ambassador to Washington and Chair-
man of the OAS Permanent Council CA Smith.


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Motorcyclist dies

in hospital after

traffic accident


* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT A 21-year-old
motorcyclist died at Rand Memo-
rial Hospital on Saturday follow-
ing a traffic accident on Midship-
man Road.
Dwayne Lionel Minnis, a resi-
dent of Burke Place, Lucaya, is
the third person to die this year
on Grand Bahama streets after
his motorcycle collided into a vehi-
cle.
Chief Supt Basil Rahming said
the accident occurred around
12.50pm at the intersection of
Outlaw Lane and Midshipman
Road.
According to reports, Maggie
McDonald, 45, of Cocknel Court,
Lucaya, was driving her silver
Hyundai Tuscon, licence 21836,
south on Outlaw Lane in Sher-
wood Forest.
As she reached the intersec-


tion with Midshipman Road, Ms
McDonald stopped at the stop
sign, then pulled out when she
thought the way was clear.
I Mifriis,'ho was not wearing a
helmet, was riding his unlicensed
red and black Suzuki motorcycle
east on Midshipman Road when
he hit the right rear section of Ms
McDonald's vehicle.
He was thrown from the
motorcycle on impact and landed
some distance away. He was
rushed by ambulance to Rand
Memorial Hospital, where he died
of multiple severe injuries around
3.10pm.
Although Ms McDonald was
not injured in the accident, her
vehicle was extensively damaged.
Supt Rahming said Traffic
Police are continuing their inves-
tigation into the accident.
He is advising motorists to be
alert and attentive when driving
on the road and to obey all traffic
signs.


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'


PAGE 2, TUESDAY, MARCH 25, 2006


THE TRIBUNE


ir '


'^IA~









THE TRIBUNETUESDAYMARCH25,2008,PAGEOCALNEW3


Ingraham, Bush in bilateral talks


Renewable energy prospects among issues discussed


* By Bahamas Information
Services
WASHINGTON, DC The
impact of both the Western
Hemisphere Travel Initiative,
the development of a joint mar-
itime base in Inagua, renewable
energy prospects and easier
access to US-based tertiary edu-
cation institutions were among
matters discussed between
Prime Minister Hubert Ingra-
ham and US President George
W Bush in meetings held at the


White House last week. Prime
Minister Ingraham and Presi-
dent Bush took part in a bilat-
eral meeting Mr Ingraham
described as warm, friendly and
constructive.
Mr Ingraham subsequently
participated in a joint meeting
with the President and members
of his Cabinet together with
Barbados Prime Minister David
Thompson and Belize Prime
Minister Dean Barrow.
This was the prime minister's
fourth visit to the White House.


He previously visited the White
House twice under the Clinton
administration and again last
June when CARICOM Heads
met with President Bush.
Mr Ingraham indicated that
for the Bahamas as with many
CARICOM countries, Ameri-
ca is its largest trading partner
and largest tourism market, with
eight out of every 10 persons
visiting the Bahamas coming
from the United States.
The prime minister pointed
out that while all were aware


that "the train had left the sta-
tion" as regards the Western
Hemisphere Travel Initiative, it
needed to be said that the ini-
tiative had negatively impacted
visitor arrivals to the Bahamas
and the Caribbean as a whole.
It was expressed during the
meetings that as US passports
continued to be issued at record
levels the problem was correct-
ing itself.
SEE page eight


-
-. --,


PRIME MINISTER Hubert Ingraham and US President George Bush are
pictured on Thursday, addressing reporters at the White House.


0 In brief



A 25-year-old man from Eleuthera died in a car crash after los-
ing control of his vehicle.
Omar Sands, of Green Castle, was driving a 1997 Honda Accord on
Queen's Highway near the Cottonbay Club, Eleuthera, last Thursday
at around 10pm, when his vehicle suddenly overturned. He was thrown
from the car and was later pronounced dead by a local physician.
A 26-year- old man, who was a passenger of the Honda Accord, was
also ejected from the vehicle when it overturned. However, his injuries
were relatively minor and he was treated at a local clinic and later dis-
charged.

Man stabs teenage women

multiple times, say police
TWO 18-year-old women were stabbed multiple times by a 30-
year-old man shortly after 1 o'clock Saturday morning.
According to information from the police, an 18-year-old girl was sit-
ting in a 1988 Nissan Altima with a 30-year-old male companion when
a argument broke out. As a result of this verbal altercation, the 18-year-
old was stabbed multiple times. A woman relative of the teenager
-attempted to intervene and was stabbed in her face and right shoulder.
Not long after this event, the police arrested the 30-year-old man for
both of these stabbings. On Friday night, police also reported another
stabbing of an 18-year-old girl, a resident of Yellow Elder.
According to the police report, the 18-year-old was at home when
there was an argument with her 24-year-old male companion.
This argument resulted in the teenager being stabbed in the chest by
her male companion. She was later rushed to the Princess Margaret
Hospital where her condition is listed as "stable."
Finally, police reported a fourth stabbing, this time of a 23-year-old
male resident of the Nassau Village area.
According to police reports, the 23-year-old man was in the area of
Sugar Kid Bowe on Soldier Road when the driver of a dark Nissan
Maxima hit him around 3.30pm Saturday.
The occupants got out of the car and started to stab the 23 year old.
The victim was taken to hospital where he is listed in fair condition.
The police have arrested three adult males and a juvenile in con-
nection with this matter.

Haitian man, 73, in serious

condition after road accident
By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT An elderly Haitian man was struck down while walk-
ing on Don McKay Boulevard in Abaco on Good Friday.
Pedestrian Milmore Mataya, 73, of Pigeon Pea settlement is detained
in serious condition at the Princess Margaret Hospital in New Provi-
dence.
Supt Basil Rahming said the accident occurred around 5.35am on
March 21 in the vicinity of the Island Bakery.
Mataya was accidentally hit by a 1997 Nissan Sunny car, licensed No
8018. that was being driven by 36-year-old Desmond Hepburn of
Cherokee Road, Abaco.
Mataya sustained serious injuries to his head and legs. The vehicle's
front windshield and left side rear view mirror were damaged.
Supt Rahming said Mataya was taken to the Marsh Harbour gov-
ernment clinic, where he received emergency medical treatment before
being airlifted to Nassau around 9:35 am that morning.
Marsh Harbour police are continuing their investigation into the acci-
dent.



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TUESDAY, MARCH 25, 2008, PAGE 3


THE TRIBUNE


p^loW b-









PAGE4,TUESDAYMARCHI25,2008THETDITORHETRIBUN


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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


Crisis in Bahamian education


SOMEONE ONCE observed that
Bahamians have "too much democracy, but
not enough education."
This is a damning observation, because
without the basic key that enables one to
function as a productive and fulfilled citizen
in a free society, democracy can be destruc-
tive. That is when democracy fails, chaos fol-
lows and a despot steps in.
The business community has been so con-
cerned about the number of uneducated stu-
dents "graduating" from government schools,
but not qualified to join the work force that
it came together in 2004 to study the problem.
In its report members said that the nation
had to act urgently to end "the horror movie"
that the schools had become.
Calling themselves the Coalition for Edu-
cation Reform, the group included the
Bahamas Chamber of Commerce, the
National Congress of Trade Unions, the
Bahamas Employers Confederation, the
Bahamas Hotel Association, the Bahamas
Hotel Catering and Allied Workers Union,
the Bahamas Hotel Employers Association,
and the Nassau Tourism Development
Board.
With no improvement in the schools since
its first 2004 report, in September last year the
group released a second report "Bahami-
an Youth the untapped resource." ; ,',
The group described its three-year effort as
an effort "to define the education crisis in
the Bahamas and propose reform." It said
that' the "crippling shortage of qualified
Bahamians to fill jobs triggered this initia-
tive by the unions and private sector leader-
ship."
In this latest report members focused on
students' proficiency in two subjects Eng-
lish Language and Mathematics, skills com-
monly associated with literacy. They also
concentrated on "the male disengagement
from education." As a result the project
"defined a societal failure of immense con-
sequences."
Examining the BGCSE for 2006 and 2007
for all schools and subjects on a four point
scale it was found in 2006 that 7 per cent of
those examined got an A average, dropping
to 6 percent in 2007. In 2006 11 per cent got a
B average, again falling to 10 per cent the
following year; 28 per cent for 2006 and 26
per cent in 2007 received a C average with 23
per cent getting a D average in 2006 with
2007 showing a slight improvement with few-
er in the D bracket 22 per cent. However,
the overall failures were shocking 32 per


cent in 2006 increasing to 36 per cent in 2007.
Concentrating on Mathematics and English
it was discovered that in the high scoring pri-
vate schools the success rate for categories A,
B, C and D only one per cent failed. When all
the private schools were taken together the
success rate was 87 per cent with 13 per cent
failures.
But take a look at the government schools.
There were no high scoring schools. How-
ever, the low scoring public schools had 39
per cent passes and 61 per cent failures. All
public schools taken together the percent-
age was 45 per cent passes and 55 per cent
failures. Far more failures than passes yet
they all graduate and expect to get jobs in the
private sector. This is the first stirring of
unrest in the work force when they discover
that they don't qualify for the positions to
which they aspire. Many of them cannot get
jobs. '
"The disturbing factor is that the math
data is substantially more discouraging than
is the case with the English Language results.
The number of students failing the exam was
82 per cent versus 55 per cent for English."
"The event of under achievement in math,"
said the report, "is simply both massive and
unacceptable. One cannot escape the con-
clusion that illiteracy, especially in mathe-
matics, is alive and thriving in the Bahamas to
its detriment."
It said that the disengagement of the aver-
age Bahamian male from education'is a major
dimension to the education problem.
"Male and female students start primary
school in approximately equal numbers. But
in 2006 while 23,063 exams were written, only
39 per cent of this total were by male stu-
dents. The male/female difference is a crude
measure of the male disengagement from
education.
"In addition, males on average earned low-
er grades and this meant that for the BGCSE
exams females earned almost twice as many
As, Bs and Cs as males."
The report concluded: "One cannot help
but conclude that two overwhelming and crit-
ical national problems are the scarcity of
basic linguistic and mathematical skills and
the disengaged male. What we are looking at
is societal failure of immense consequences.
"Not facing this issue merely causes the
problem to grow year after year."
The Coalition suggested solutions.
We shall return to this subject tomor-
row.


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Editorial on




container port




has several




serious errors


EDITOR, The Tribune.

YOUR editorial of Friday,
March 7, titled "Container
port pros and cons" has sev-
eral serious errors that need
to be corrected.
It states that Government
would have to spend $400 mil-
lion to buy the land for the
Clifton Port in the southwest,
a sum that could be saved by
using Government-owned
land at Arawak Cay.
The $400 million figure has
been floating around for some
months, with no basis what-
ever in fact.
The only detailed analysis
of the southwest site, last
year's 154-page Feasibility
Study by the Dutch consult-
ing firm Ecorys, gives the fig-
ure of $256 million for the
total cost, with only $10 mil-
lion required for land acquisi-
tion, which would be bought
from three owners who have
indicated their willingness to
sell.
A recent study by Tropical
Shipping estimates that a new
commercial port at Arawak


Cay would cost about $170
million. So, yes, there would
be a saving, but nothing like
the extravagant $400 million
quoted in your editorial.
And, as indicated, either
port would in any event be
run as a commercial venture
with the cost borne by the pri-
vate sector and not Govern-
ment (of course, all figures are
at 2007 level and will increase
with inflation).
Your editorial also states
that Arawak provides a
"shorter route into town".
That's just what we don't
want more freight being
moved through town.
Your editorial then contra-
dicts itself by mentioning the
probable best solution, an
inland container terminal on
Gladstone Road, which could
also hold break-bulk ship-
ments.
To reach Gladstone Road
easily from Arawak Cay will


require a new road system
through the Chippingham,
Perpall Tract, and Prospect
Ridge areas.
From Clifton to Gladstone
Road will also require a new
link, but it could be a dedicat-
ed route along the existing
power-line right of way a bit
longer, but a lot simpler.
There may well be sound
strategic reasons for prefer-
ring Arawak Cay for our com-
mercial shipping, such as the
shorter time needed for initial
opening and final completion.
Against that must be weighed
possible other uses of the Cay
to make it a handsome visual
approach to Nassau Harbour
and to create an exceptional
"Cultural Village" that has
been proposed to the Ministry
of Tourism.
Whatever decision is finally
made, public opinion on this
issue should not rely on the
incorrect statements in your
editorial.

RICHARD COULSON
Nassau,
March, 2008.


Our desperate plea to BTC


I
EDITOR, The Tribune.
THIS is written with the
hope that you can spare the
space for our desperate plea to
BaTelCo, or BTC (we spent
millions to change this name).
Three weeks tomorrow, one
of our precious two phone
lines in our office on the
East/West Highway went
dead.
This was reported to 914 on
a daily basis for the first week.
In spite of this, BTC claims
the report was not made until
March 10, but never mind, to
date our phone is still not
working.
After the first week we
began to call our list of "when
all else fails" numbers, only
to find no one answers them
anymore. Twice we reached
someone at the head office
numbers who told us that a
technician had visited our
office and in one case they
said he had found nothing
wrong!


He must be a phantom who
can pass through walls unseen,
as we had to inform these peo-
ple that no one had come to
us!
Finally, we decided to try a
supervisor.
Well, it seems a supervisor's
role is to be in endless meet-
ings with managers and then
when not in meetings to never
answer a phone.
The last thing we were told
was it will be fixed but they
"are very busy".
We are still being billed for


our two office lines, although
one is not working, and imag-
ine BTC will expect to be paid
for them.
In the meantime, not hav-
ing the second line is causing
havoc to our business.
We ask that you publish this
letter in order that someone
at BTC who is in a position to
actually make things happen,
will see this. Help!

L MA.OR
Nassau,
March 18, 2008.


Business headline inaccurate


EDITOR, The Tribune.
IN your Business section you
headline that a $10 increase per
barrel increases the purchase
by FOCAL by millions is not
accurate.
Ask any gas station retailer
before FOCAL, ESSO or Tex-
aco send their tankers to their
stations they have to send a cer-


tified cheque for the purchase of
the fuel so in fact the whole-
saler relies on the pre-payment
of their retailers.
Thought this had better be
corrected.

P MINNIS
Nassau,
March 17, 2008.


F-i.


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- "


THE TRIBUNE


PAGE 4, TUESDAY, MARCH 25, 2008








TUESDAY, MARCH 25, 2008, PAGE 5


THE TRIBUNE


LOA NW


Ingraham and other Caribbean leaders
0tInebrief
hold tnlkv. with ITS Pres ident ]Ruch


Investigations
continue into
the shooting
and assault
of couple
* By DENISE
MAYCOCK
Tribune Freeport
Reporter
dmaycock@
tribunemedia.net
FREEPORT Grand
Bahama Police are contin-
uing their investigations
into the shooting and
assault of a South
Bahamia couple last
week.
Garth Deveaux, 59, of
No 7 Yorkshire Drive,
South Bahamia, is still
hospitalized in critical con-
dition after being shot sev-
eral times about the body
last Wednesday.
His wife, Edna, 42, was
also assaulted by the sus-
pects.
Mrs Deveaux told police
that two masked men
armed with handguns
accosted her and her hus-
band while they were
about to leave their home
around 7.58am on March
19.
She said the gunmen
forced her back inside the
house.
He beat her and
demanded cash.
The suspects were given
an undetermined amount
of cash.
She said as her husband
entered the house he was
shot multiple times about
the body by the culprits
who fled into nearby bush-
es.
Mrs Deveaux described
the suspects as being of
medium build, dark com-
plexion, and wearing dark
clothing.
Anyone with informa-
tion that can assist the
police with their investiga-
tions is asked to contact
police at 350-3107/8 or
532-9774.


* By BAHAMAS
INFORMATION SERVICES
WASHINGTON, DC -
Bahamas Prime Minister Hubert
Ingraham, Barbados Prime Min-
ister David Thompson and Belize
Prime Minister Dean Barrow
took part in a "wonderful discus-
sion" with United States Presi-
dent George Bush, Mr Ingraham
said told Bahamian media.
The Caribbean leaders; all
democratically elected within the
past year, met with the US Presi-
dent at the White House last
Thursday afternoon.
President Bush, who joined by
the Caribbean leaders and US
Secretary of State Condoleezza
Rice addressed reporters at the
White House following the meet-
ing, also expressed this positive
sentiment. The President
described the discussions as
"good, friendly and important."
In a statement prior to the
meeting, the White House high-
lighted the United States' long-
standing friendship with the
Bahamas, Barbados, and Belize,
indicating that the US "shares
deep social and familial ties as
well as the values of democracy
and respect for human rights"
with the three countries.
Prime Minister Ingraham said:
"We had a wonderful discussion.
We discussed a number of issues
of concern and relevance to our-
selves, including our desire to
have the Caribbean Basin Initia-
tive (CBI) extended."
The Caribbean Basin Initiative
(CBI), of which the Bahamas is
a beneficiary, is a broad pro-
gramme to promote economic
development through private sec-
tor initiative in Central American
and Caribbean countries.
A major goal of the CBI is to
expand foreign and domestic
investment in nontraditional sec-
tors, thereby diversifying CBI
country economies and expand-
ing their exports.
The Caribbean Basin Econom-
ic Recovery Act of 1983
(CBERA) (amended in 1990) and
the Caribbean Basin Trade Part-
nership Act of 2000 (CBTPA),
collectively known as CBI, pro-
vides customs duty-free entry to
the United States on a permanent
basis for a broad range of prod-
ucts from CBI beneficiary coun-
tries.
The initiative is set to expire
on September 30, 2008.
"We talked about tourism and
the impact the current increase in


BAHAMAS PRIME MINISTER Hubert Ingraham is pictured addressing
reporters at the White House on Thursday, March 20, following US Presi-
dent George Bush's meeting with Mr Ingraham, Barbados Prime Minister
David Thompson and Belize Prime Minister Dean Barrow, as US Secretary
of State Condoleezza Rice looks on.
the price of oil is having on travel. ing, Prime Minister Ingraham and
We talked about security [and] his colleague leaders met with
democracy," Mr Ingraham added. Inter-American Development
President Bush, who referred Bank President Luis Alberto
to the Caribbean as the "neigh- Moreno at the IDB in Washing-
bourhood" of the United States, ton.
emphasised the importance of the
region.
"We talked about trade and "
tourism.
"We talked about how to make or Elg al
sure our security needs are met
without interrupting the ability
for our people to travel as freely
as possible and the ability for peo-
ple to be able to make a good liv-
ing as a result of tourism.
"We talked about the region. I
assured the Leaders that the
neighbourhood is important to
the United States of America,"
President Bush noted.
"It was important for these
leaders to know that we believe
that a good, strong, healthy,
vibrant neighbourhood is in the
interest of the United States, and
so we had a good, friendly, impor-
tant discussion."
Congratulating the prime min-
isters on their recent and "fair" *
election victories, President Bush Ta
added: "There is no stronger
advocate for democracy than my BluC
administration." Umbrellas
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Bookworms
enjoy a treat
as Logos II
calls at Prince
George dock
E By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
HALF a million books, six-
thousand different titles, three
tons of cargo and 91 people on
board, including nautical crew
and support staff these are
just some of the impressive fig-
ures associated with the MV
Logos II ship, currently calling
Prince George dock its home.
The ship which arrived from
Bermuda on March 20 and is
set to stay in port until April 3 -
has been called a "floating book
fair".
This is its' second time in the
Bahamas and its entirely vol-
unteer team hopes that it will
match the popularity it enjoyed
when last in port two years ago.
Eighty five thousand books
left the ship's shelves at that
time thanks to the purchasing
power of an estimated flow of
twenty thousand visitors.
But the ship is not just about
books, according to a
spokesperson.
It along with two other
ships currently docked in Papua
New Guinea and Kiel, Ger-
many is operated by Opera-
tion Mobilisation, an interde-
nominational Christian mission
organization.
The ministry travels through-
out the world to enable its team
to "share their love of Jesus"
with the local population, part-
nering with local churches
where they exist and "seeking
to plant and strengthen church-


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es in areas where Christ is least
known", it says.
Bringing together volunteers
from across the world, the
boat's diverse crew also hopes
to bring a message of unity to
wherever it visits, despite appar-
ent differences of race, or Chris-
tian denomination.
While the boats would nor-
mally be staffed by over 200
individuals, according to volun-
teer Vera Buurma, this time
round the Logos 11 has 91.
While this has meant cutting
back in their community out-
reach programmes on this par-
ticular tour, staff sent ahead of
the ship's arrival were still able
to make contact with Bahamian
churches and hope to see a lot
of pastors and their church
members coming on board dur-
ing its' two week stay.
It will do the same as it con-
tinues its tour of the Caribbean,
Calling next in the Cayman
islands before sailing on to
Jamaica, St Kitts and Nevis,
Antigua and Barbuda, Saint
Lucia, Barbados and Trinidad
and Tobago, the boat which
originally set out from Holland
- expects to reach its final des-
tination in July.
In the book fair itself. there is
a large selection of Christian lit-
erature, alongside other non-
religious themed titles, including


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THE TRIBUNE


PAGE 6, TUESDAY, MARCH 25, 2008


On Premises
Check Our Prices
Before buying


tA


I


many children's favourites -
such as Disney as well as
books on history, geography,
cookery and art, among others.
Prices are given in Logos
"units", which charts on the wall
will help you to convert into
Bahamian dollars.
OM adjusts the cost of the
books depending on the eco-
nomic conditions of the country
which it is visiting, with the aim
of ensuring that they are acces-
sibly priced for the local popu-
lation.
For those who want to get
more involved, the ship also has
a short term volunteer pro-
gramme.
Locals can help out in the
book fair or get their hands
dirty in the kitchen if that's their
cup of tea.
"Our aim in the coming days
is to make friends with all of
your people," Captain Arni
Jensen told those gathered at
the ship's official reception on
Thursday.
According to the captain, a
Faroe Island national, 35 to 40
million visitors have come
aboard OM's ships during its 40
year history of travelling the
world.
The Logos II is open to the
public from 10am 9pm until
April 2nd.














APPALLED



National Trust outraged .


after endangered sea


turtle laid out for sale


BAHAMAS National Trust
officials were appalled that on
Easter Sunday morning another
endangered sea turtle was on
display for sale at the Montagu
Ramp.
BNT and other conservation-
minded persons worked togeth-
er to try to save this mature
male loggerhead turtle.
According to the BNT offi-
cials, concerned citizens con-
tacted the Trust and Bahamas
Humane Society (BHS) to com-
plain and urge action to save the
turtle.
BHS executive director Kevin
Degenhart reportedly tried to
convince the police to take
action under section 233 of the
penal code, citing cruel punish-
ment and torture of the hapless
animal.
BNT executive director Eric
Carey and Mr Dagenhart spent
considerable time at the site try-
ing to convince police to take
action to prevent the torture of
the animal.
In a last ditch effort to save
the animal, the turtle was pur-
chased from the fishermen and
released back into the wild.
The continued slaughter of
these endangered species flies
in the face of conservation logic
and is a set-back to the conser-
vation movement in the
Bahamas, the BNT said in a
statement on the weekend.
"The Bahamas is a signatory
to CITES the Convention of
International Trade of Endan-
gered Species.
"By signing this convention
the B3ahamas has recognized the
globally endangered status of all
species of sea turtles and agreed
to cooperate internationally
regarding the cross boundary
sale of these unique and threat-
ened marine creatures. Howev-
er, it is ironic and a contradic-
tion to the spirit of the conven-
tion that we continue to allow
the domestic harvest and sale
of sea turtles in the Bahamas,"
BNT executive director Mr
Carey said.
Debbie Krukowski of the
Animals Require Kindness
organisation explained that envi-
ronmentally conscious Bahami-
ans have been attempting to
save the sea turtles by buying
them from fishermen for high
sums.
"Concerned citizens have
been purchasing sea turtles
brought in for sale, but unfortu-
nately this is sending the wrong
message to fisherman who are
playing on the emotional
response of people to the plight
of the turtle in order to generate
profit for themselves", she said.
"Both the Trust and Humane
groups agree that it is time for
the Bahamas to change the fish-
ery regulations and join the
global conservation movement
to save endangered sea turtles.
"While the Trust would even-
tually like to see a total ban on
the harvesting of sea turtles, the
organisation believes that it may
be more acceptable amongst
stakeholders to first ban the sale
of sea turtle meat on the domes-
tic commercial market," the
BNT said.
The Trust said that it sup-
ports a revision of the Bahamas
fishery regulations that would
ban the taking of sea turtles in
the Bahamas for sale.
"This would greatly reduce
the demand and immediately
rid the country of the public
spectacle of the torture and
slaughter of these globally
threatened animals. Through
education and public awareness
it will be possible to gain sup-
port amongst stakeholders,
including fishermen, for a total
ban on the harvest," the BNT
said.
The Trust announced that it
will be working with the Depart-
ment of Marine Resources and
other non-governmental groups
to create awareness of the
endangered status of these
endangered species of turtles
0*] 1 1 lI:\? I ]-


that frequent the Bahamas'
waters.
Currently five species of sea
turtles have been identified in
Bahamian waters making the
country home to globally signif-
icant populations of sea turtles.


"Positive conservation action
will help protect global bio-
diversity, and end the negative
publicity that the country has
received by allowing the take of
this globally endangered
species," the BNT said.


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An American company that represents prestigious
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COUNTRY MANAGER
The Country Manager for The Bahamas will be
responsible for
4- Implementing strategic marketing plans
Managing distribution, shelving, merchandising
and pricing
4. Working with local third-party sub-distributors
4. Managing direct sales and providing key
account support to major retail chains
Skills & Educational Requirements:
At least a Bachelor's degree in science or
business administration (MBA is an advantage)
.- Effective communication and presentation abilities
.' Proficiency in time management, planning, and
organizing
4. Computer literate
.. Self-motivated team player
Previous experience in sales or brand
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Candidates should possess a reliable motor vehicle,
be willing to travel to the family islands, to the U.S., and
other foreign countries.
Please send application letter and r6sum6
by April 4, 2008 to:
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or Fax: 393-0440
We thank all applicants for their interest; however,
only short-listed candidates will be contacted.


~ _~~_ _II __


TUESDAY, MARCH 25, 2008, PAGE 7


THE TRIBUNE


a ive aryisland traders bu^HOifffldng eat ba Bsteet t39.10 36119 w w~utmcmuer~s souinscsomoptesb


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PAGE 8, TUESDAY, MARCH 25, 2008


THE TRIBUNE


MINISTER SETS TONE OF CELEBRATION AT ANNUAL BAHAMIAN MUSIC AND HERITAGE FESTIVAL


celebration for the
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Employment Opportunity
- Manager, Customer Service & Compliance

Commonwealth Bank is committed to delivery of superior
customer service. The successful applicant will play an integral
role in ensuring that consistent high quality service is given
throughout the organization.
PRINCIPAL DUTIES
Core Responsibilities Include:
Monitoring the Bank's quality service standards to ensure
consistent delivery of high quality service throughout the
organization is systematically monitored in an effort to meet or
exceed our customer's expectations.
Ensuring that all newirevised policies and procedures when rolled
out are being interpreted and followed on a consistent basis by all
branches.
Maintaining ongoing customer (internal/external) relationship and
participates in marketing efforts.
Actively promotes and maintains good working relationships with
customers and business partners
Effectively communicates (verbal & written) to clarify the intent
of policy revision.
Perform all functions in a professional manner upholding the
Bank's Customer Service Standards and Code of Ethics. To
fully comply with the Bank's Security Policies as outlined in its
Security Policy Manual.
Contributes to the learning of others through peer coaching
and mentoring, proactively sharing experiential learning, and
supporting the learning journey.
Actively review and prepare for succession planning making
appropriate recommendations.
Follows and ensures staffs are knowledgeable of and complies
with the Bank's code of conduct policies, anti-money laundering
procedures, information security and information technology
procedures, and all other established policies, procedures and
processes and regulatory guidelines.
REQUIREMENTS & PERSONAL ATTRIBUTES
Candidates should meet the following criteria:
Bachelors degree or higher in Business Management.
Minimum of five (5) years experience in Compliance &
Customer Service
Excellent written and oral communication skills.
Excellent PC skills (Microsoft Office suite)
Strong organizational skills.
Extensive knowledge of the Bank's Policies and Procedures.
Excellent work attitude, punctuality and attendance record
The position offers an attractive salary and benefits package
reflecting the successful applicant's experience and qualifications,
including pension plan, medical, dental, vision and life insurance
coverage, allowances and performance based incentives.
Interested persons who meet the minimum requirements
should submit their requests in WRITING by E-MAIL, FAX
or INTER OFFICE MAIL by March 31, 2008, to:

THE HUMAN RESOURCES RECRUITMENT UNIT
SOUTH WING, THE PLAZA, MACKEY STREET
NASSAU, BAHAMAS
TELEFAX 393-8073
RE: Manager, Customer Service & Compliance
E-Mail address: HR@ combankltd.com

"Commonwealth Bank sincerely thanks all applicants for
their interest in becoming a part of our Bank, however, only
those under consideration will be contacted."


Grant presents


to Exuma's luminaries


heritage awards

th of Exuma's illustrious citizens of knowledge
ad at the start of the weekend generation.
nt- event. source of our
me The Exuma Heroes Com- Mr Grant s,
mittee chose three legendary is consider(
.citizens to be honoured during The Baham;
the opening ceremony at Exuma. He si
Regatta Park. of traditions
The three were recognized mians to revis
for outstanding civic, cultural the celebration]
and business contributions to much to do m
Exuma. Minister Grant per- ing and app:
sonally presented the awards identity.
to farmer and Justice of the "And that i
Peace Raymond John' Lloyd. this festival i
Relatives received posthu- said. "It's all
mous awards for businessman people. It's
John R Marshall and former self-appreciat
Senator Ira Curry. After decla
Moments later, Mr Grant officially open
told a crowd of Exumians to made way f
focus on tradition, community, activities of t
liberties and talents during the led to culture
three-day festival. through ente:
"What we should celebrate such as the ca
is the togetherness of people petition, the
the unity among Exumians competition
and Bahamians, the things of the maypo]
that bind one generation to Plans are al
another," Mr Grant said. "We for the next ii
should celebrate them all. Bahamian Mu
"And in particular, we Festival, to
should celebrate the transfer spring of 200S


GEORGE TOWN, Exuma
- Minister of Tourism and
Aviation Neko Grant set a
tone of mutual respect and


Ingraham meetsBushi ral tak]


FROM page three
However, it was noted that
the flexibility granted to cruise
ship passengers and to land pas-
sengers returning to the US
from Canada and Mexico had
not been extended to the
Bahamas and the Caribbean,
creating a disincentive for air
travellers to the Bahamas and
the region.
On the issue of border secu-
rity, Prime Minister Ingraham
took the occasion to state that
CARICOM countries under-
stand the security concerns of
the US.
He pointed out that the
Bahamas, as the third border
of the continental US, had a
considerable burden placed


upon it with respect to migra-
tion, alien smuggling and nar-
cotics trafficking.
Acknowledging the continu-
ing cooperation between many
agencies of the US Government
(Coast Guard, Southern Com-
mand, Drug Enforcement
Administration) in combating
both narcotics traffic and smug-
gling of undocumented persons,
Mr Ingraham noted the contin-
ued interest of the Bahamas in
the development of a joint mar-
itime base at Inagua which
would be used by both the US
Coast Guard and the Royal
Bahamas Defence Force.
Additionally, Prime Minis-
ter Ingraham also said that the
development of human
resources on an continuing basis
remains a priority for the


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Bahamas. Regarding educa-
tional opportunities for Bahami-
ans, Mr Ingraham raised with
the President the interest of the
Bahamas (and other Caribbean
countries) in achieving greater
and easier access to tertiary
education in US state-owned
institutions at reduced costs.
He pointed out that the
Bahamas was also pursuing this
initiative directly with the State
of Florida.
On the matter of regional
trade, the prime ministers dis-
cussed with the President the
interest of each of the countries
to win support for the exten-
sion of the Caribbean Basin Ini-
tiative (CBI) beyond the Sep-
tember 30, 2008 expiration date.
The President indicated his
support for such an outcome.


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The Prime Ministers also
informed the President of the
security concerns of the region
and discussed means of enhanc-
ing security cooperation with
the United States.
President Bush was advised
that Heads of Government of
the Caribbean Community will
meet in Trinidad and Tobago
in April to discuss a number of
security issues affecting the
region and to establish a frame-
work for individual and joint
member State responses.
President Bush and the
prime ministers referred to the
strong democratic traditions of
the US and the countries of the
Caribbean and reaffirmed the
interest of all in the promotion
of democracy and respect for
human rights.


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from the older
They are the
heritage."
aid much of what
d traditional in
as comes from
aid a celebration
will cause Exu-
it their roots and
n of freedom has
with understand-
reciating one's
is precisely what
s all about," he
about you, the
about your own
ion."
ring the festival
i, Minister Grant
or the regular
he event, which
al appreciation
retaining devices
ne peeling com-
onion peeling
and the plaiting
le.
ready underway
nstalment of the
music and Heritage
be held in the
9.


MINISTER of Tourism and Aviation Neko Grant presents the heroes
award to John Lloyd of Barretarre. John R Marshall and Ira Curry were hon-
oured posthumously.


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.






























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TUESDAY, MARCH 25, 2008, PAGE 9


THREE GENERATORS OUT OF SERVICE



GB Power Co calls



on residents to



conserve power


* BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Grand
Bahama Power Company is
appealing to residents to con-
serve power as three of its main
generators are out of service for
the next few days.
Tony Lopez, vice-president
of finance, said the company is
running at a reduced load
capacity of 57 megawatts due
to mechanical failures and
maintenance servicing of the
units.
In order to prevent a system
overload and power outage, Mr
Lopez said they are advising
residents to conserve as much
power as they can by turning
off water heaters and AC units.
"We were concerned that we
may not be able to meet the
load for the island and so we
have put out public service
announcements telling residents
to conserve power and turn off
water heaters, and we are work-
ing with some industries to see
how we can management pow-
er output requirements," he
said.
"Our generation system is
designed so that if we lose two
units we can still supply the
island. And what has happened
as a result of the failures of
some units, we have three units
that are currently out."
Mr. Lopez explained that one
unit was down since late last
year following mechanical dif-
ficulties.


"Our genera-
tion system is
designed so
that if we lose
two units we
can still supply
the island."


Tony Lopez
He said a second unit was
taken down recently for normal
preventative maintenance when
a third unit suddenly developed
mechanical failure.
He noted that the load capac-
ity is lower than normal as a
result of the three units being
out of service.
So far, there have been no
outages and power officials are
hoping with the help of resi-
dents it remains that way until
the units can be repaired and
put back in service.
"We are just trying to be cau-
tious and last night the power
load was at 54 megawatts, just
four megawatts under our pre-
sent load capacity," he said.
Mr Lopez said they are
expecting that the unit which is
under maintenance will be back
on line by Wednesday evening.
The unit that was out since
last year is expected to be back
in operation by mid-April when


repair work to the engine is
completed in Houston, Texas.
Mr Lopez said the company
has also sent for technicians to
carry out mechanical repairs to
the third unit, which should be
completed by the weekend.
Mr Lopez thinks they should
be able to meet the island's load
over the next few days until the
units are repaired.
"We are experiencing cooler
weather that should continue
over the next couple of days
and this will help us to meet
load demand because we won't
have people running their air-
conditioning units.
"And so with a little bit of
luck we may be able to meet
load without any problems.
"But, again, we want to be
cautious, and with people help-
ing us, it can keep the load
down," he said.
Several weeks ago, Power
Company officials announced
a base rate increase of 4.87 per
cent to customers on Grand
Bahama.
The increase, which will
reflect in power bills on April 1,
will mean an additional $5 per
month for average customers
who use 650 kilowatt hours.
The company cited inflation,
increases in costs for equipment,
and $30 million investments for
system upgrades as the reasons
for the rate increase.
When asked about the cost
for repairs, Mr Lopez said he
did not know what the exact
cost would be until the units are
examined and repaired.


THE TRIBUNE


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'Certifiable' scores

narrow victory in

fishing tournament




















THE 29TH ANNUAL BACARDI RUM BILLFISH TOURNAMENT winner,
Sydney Sussman, owner of the 'Certifiable' (left), and Steve Goione
(right), the marine artist who designed the 1st place prize. In the back-
ground is Rosalyn Pinder from the Bahamas Ministry of Tourism. Photo:
Kenneth Jones
"Certifiable", a 63' Bertram, owned by Sydney Sussman of
Lawrenceville, New Jersey, roared back on the last day of fish-
ing to score a narrow victory over an elite field of 38 partici-
pating boats.
Entering the last day of fishing in third place, Certifiable
released two sails and one white to win this popular event by 50
points. Sydney Sussman is one of the most colourful and well-
liked personalities in the tournament circuit. His crew was even
chosen at the last minute prior to the tournament "just like a
pick-up basketball game", was Mr Sussman's description.
At the awards, his victory was cheered by all of his peers.
Second place went to the smallest boat in the fleet, Mirage, a
31-foot contender, owned by Charles Chamon of Sea Bright,
New Jersey.
Mirage released a total of two sails and one white to earn 125
points.
Luis Bacardi's seasoned Rum Bum was third place winner,
and released the only blue marlin in the event.
The most hotly-contested division in the tournament was the
Game Fish Division. Dan Swanson, on the China Girl out of
Palm Beach, Florida, won the heaviest Wahoo award with a 58-
pounder narrowly edging out Amarulu Sun's Shon Craig of
Holiday, Florida, who boated a 57-pound Wahoo.
The heaviest yellow fin tuna (98 pounds) was caught by Doug
Dunlap, Cloud Nine, Logwood, Florida, easily edging out the
rest of the competition, since he also had the second heaviest
tuna, 79.5 pounds. Aaron Goldasich on Gold Rush won the dol-
phin division with a 45.5 pounder over Hit and Run by one
pound.
Sponsors were Bacardi, Bertram Yachts and Gregory Poole
Caterpillar.
The 30th annual Bacardi Rum Billfish Tournament has been
tentatively scheduled for March 15-20, 2009.


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THE TRIBUNE


PAGE 10, TUESDAY, MARCH 25, 2008


Mark Roberts is shown receiving two
of six new Dialysis machines for the
Princess Margaret Hospital.

PMH Dialysis patients are now
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TUESDAY, MARCH 25, 2008, PAGE 11


-0 LEW


Two dead in PLP expected to make public

plane crash results of Laing investigation


FROM page one

'Justin Snisky, director of
rescue operation at BASRA,
tpld The Tribune that pieces
of debris from the plane
were collected from the
water, but there was no sign
of survivors.
I "Right now, it appears
that we are dealing with two
casualties," he said in an
interview on his cell phone
from the wreckage site.
' Mr Snisky said it
appeared that the plane got
caught up in a squall. He said
a'boater who saw the inci-
dent said the plane exploded
and disintegrated when it
crashed in the water.
Chief Supt Basil Rahming
said police received infor-
mation of a plane crash
around 1.39pm from the
dockmaster at Old Bahama
Bay who reported seeing a
plane plunge into the water.
Air Traffic Controller
Wellington Moultrie said the
plane took off around
a1e9pm from GBIA. He said
it was headed to Fort Pierce,
Florida, when radio contact
was lost around 1.45pm.
, Mr Moultrie said the
entire island of Grand
Bahama had been experi-
emcing bad weather since
Sunday.
Rough weather conditions
also made search efforts
extremely challenging for
local rescuers. As a result,
BASRA called for assis-
tance from the US Coast
Ouard, which immediately
dispatched a Falcon jet and
helicopter to assist in the
search.
i Mr Snisky said that they
were unable to retrieve the
wreckage and have suspend-
ed their efforts until Tues-
day.
: Supt Rahming said that
the Royal Bahamas Defence
Force and US Coast Guard
axe expected to assess the
possibility of retrieving the
bodies which may be trapped
inside the submerged wreck-
age.
* The identification of the
victims was not released up
to press time on Monday.


FROM page one


ing the previous rate until it could be properly changed during the
Budget process not mid-year.
However, Mr Laing's opponents in the House of Assembly do
not share his view on the matter.
Speaking with The Tribune yesterday, Fox Hill MP Fred Mitchell
said that there is no question that this "serious" issue is being followed
by the PLP.
"We consider it to be a very serious issue, one that has left many
unanswered questions, particularly in light of what the (former)
Comptroller of Customs has said. So I stand by the party's official posi-
tion that a review is being done, and as soon as that review is complete
the party will issue a comprehensive statement on the matter," he said.
Beyond this, Mr Mitchell would not make any predictions as to what
the party is expected to say today.
However, the PLP's whip in the House of Assembly Frank Smith
told The Tribune yesterday that Mr Laing has violated his code of
ethics, and he believed that the FNM Minister of State was still in a
state of "denial."
The former Comptroller of Customs John Rolle, has described Mr
Laing's interference in changing the customs rate classification for the
Mona Vie nutrition drink to the lower rate group as both "unusual"
and "improper."

Man in custody over Grand

Bahama's first homicide of year


FROM page one

area where gunshots were heard
being fired. He was later found
lying on the ground with multi-
ple wounds about the body.
Green was taken to the West
End Clinic, where he received
emergency medical treatment
before being taken by ambu-
lance to the Trauma Section at


the Rand Memorial Hospital in
Freeport.
No motive has yet been
established for the shooting,
however Chief Supt Basil Rah-
ming said the male suspect who
was being sought by police was
arrested at a location in the
Freeport area around mid-day
on Monday.
He said investigations into
the homicide are continuing.


Daughter of lawyer

FROM page one
overtook her vehicle and slowed down in front of her near Coral
Harbour.
The 19-year-old stopped and saw a rear seat passenger, armed
with a gun, get out of the Chevrolet Impala.
As the gunman approached the driver's side of the Honda, the
woman's friend, whom she had just picked up at the airport, got out
of the vehicle and ran.
Moments later gunshots were heard, police reported.
The 19-year-old woman was hit in her neck and chest. She was
taken to hospital where she is in serious condition. Police are fol-
lowing several leads into this incident, Asst Supt Walter Evans said
yesterday.
Just two hours later, at around 11pm on Good Friday, a 30-year-
old man from Mt Pleasant Avenue, off Kemp Road, was shot by an
unknown person while in the bedroom of his home. He was shot in
the face and was taken to hospital.
Investigations into this matter also continue.


PM tells Bush


development of


alternative energy


sources is urgent


FROM page one

increased fuel costs on the cost of travel is trans-
lating into reduced leisure and business travel
with consequential impact upon hotel and
tourism sectors around the Caribbean.
In these contexts, the President was told that
the development of alternative sources of ener-
gy is an urgent consideration.
Mr Ingraham relayed an interest in pursuing
technical and scientific assistance to explore
such possibilities, and indicated an interest in for-
eign direct investment that would enable the
economic exploitation of sources of renewable
energy.
The Caribbean prime ministers also discussed


with President Bush the global economic situa-
tion and particularly that of the United States,
noting their understandable concern with any
downturn in the US economy.
Mr Ingraham said instability in global finan-
cial markets could be expected to have a detri-
mental impact on capital and investment and
hence can be expected to impede foreign
direct investment flows into the Bahamian econ-
omy.
He indicated, however, that he was encour-
aged by steps being taken by the US to restore a
measure of stability to the financial markets,
adding that the region will continue to monitor
those developments closely while doing its part
to ensure that its financial systems lend to
improvements in the global economic situation.-


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THE TRIBUNE


~~r~di~arl








PAGE 12, TUESDAY, MARCH 25, 2008


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THE TRIBUNE


^INSIDE*International 0sprne


-2
--- ,


.__-B 22 MEDALS WON IN ST KITTS AND NEVIS






inco outstandingg performance'


Easter Junior

Clay Court

Classic

* TENNIS
THE Bahamas Lawn
Tennis Association con-
cluded its RBC Finco
Easter Junior Clay Court
Classic yesterday at the
Gym Tennis Club in Win-
ton Meadows.
In the boys 18 and
under division, Jason
Rolle captured the title
with a 6-2, 4-6, 6-2 win
over William Fountain.
The boys' 16-and-under
final was scheduled
between johnathan Taylor
and Ondre Cargill, but no
results were available.
Cargill, however,
defeated Kevin Major for
the boys 14-and-under
crown.
In the boys' 12-and-
under, Philip Major def.
Justin Roberts 6-4, 7-6 (2)
to claim the title.
And in the boys' 10-
and-under, the title went
to Joshua Turnquest after
he knocked off Daniel
Wallace 6-2, 6-4.
On the girls' side, Chelsi
..Russell blanked Gabrielle
Moxey 6-0, 6-0 for the 16-
and-under title, while
Simone Pratt pulled off a
6-2, 6-3 decision over
Chelsi Russell for the 14-
and-under title.
On Sunday, Simone
Pratt clinched the girls'
12-and-under title with a
6-2, 6-0 win over Erin
Strachan and on Saturday,
Elanqua Griffins won 6-2,
6-0 over Gabriella Moxey
for the girls' 18-and-under
crown and Raven Barry
def. Iesha Shepherd for
the girls' 10-and-under
crown.


from Bahamas at Caifta


side also secured a bronze in
the under-17 boys' 4 x 4 relay.
V'Alonnee Robinson should
also be mentioned after she cap-
tured three individual medals,
inclusive of the gold in the
under-17 girls' long jump and
bronze in both the 100 and 100
hurdles.
On the whole, Grant said the
team performed exceptionally
well with athletes winning
medals which were not expect-
ed.
But he said they also had
their share of disappointments
with some of the key athletes
not coming through.
"We were very surprised with
the performances of Tamara
Myers and Racquel Williams,
both of whom won medals,"
Grant said. "We were not
counting on them to win, but
they did.
"We were also hoping that


* TRACK AND FIELD
By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net
THREE records from a total
of 22 medals, inclusive of eight
gold, four silver and 10 bronze
for third place was what the
Bahamas packaged at the
XXXVII Carifta Games.
The games concluded last
night at the Bird Rock Nation-
al Athletics Stadium in St. Kitts
and Nevis, but up to press time,
the official results were not
released.
However, when contacted at
the stadium last night, head
coach Fritz Grant summed up
the team's performance in three
words: "outstanding, simply out-
standing."
He noted that the record
breaking performances by the
under-20 girls' 4 x 100 metre
relay team of Sheniqua 'Q' Fer-
guson, Krystal Bodie, Cache
Armbrister and Nivea, along
with Nejmi Burnside's mark in
the under-17 boys' 400 hurdles
and Aaron Wilmore in the
under-17 boys' 100 hurdles, cer-
tainly sparked a great showing
by the Bahamas.
See the medal winners list on
page 14 for performances.
Additionally, Smith came
back on the final day of compe-
tition yesterday and repeated
as the under-20 girls' 200 metre
champion. It was the lone
medal that the Bahamas
achieved in the half-lap race.
And in the closing 4 x 400
metre relays, the under-20 boys'
team of Jeffery Gibson,
Demetri Pinder, Brandon
Miller and Karlton Rolle had
to settle for the bronze.
Their performance came just
before the team of Alonzo Rus-
sell, Zhivargo Thompson, Glen-
wood Baillou and Nejmi Burn-


Krystal Blodie would have won second, Grant said they will
a medal in the hurdles. In fact, have to work on all aspects of
she was leading, but she had the team, if they want to regain
some problems at the end and their prominence at the top of
had to get the bronze." the standings.
While Jamaica retained their "But overall, I think the team
dominance of the meet with went out there and performed
Trinidad & Tobago coming in very well," he stated. "We def-


initely improved on what we did
last year, so that's a great
achievement for us. We just
hope to build on this for next
year."
Last year, the Bahamas came
in fourth with 17 medals in the
Turks & Cacios Islands.


Ii4
Eunice


sai to4




victory


* SAILING
By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net
IT WAS a spectacular come-
back victory for Vince Wright's
Lady Eunice as the Royal
Bahamas Defense Force's third
Commodore's Regatta came to
a close yesterday in Montagu
Bay.
Skippered by Lundy Robin-
son, the Lady Eunice got a third
place finish in the first of the
four series races in the C Class
on Saturday.
But after winning the Com-
mdore's Cup race on Sunday,
the Lady Eunice closed out the
series by sweeping the final
three races yesterday.
"The regatta was very tough
because of the way they had the
buoy set up," said Lady Eunice's
bowman Warren Adderley.
"We couldn't do any jiving
because it would have been very
detrimental to your sailing.
"But we pulled it off, winning
the three races back-to-back. II
think it was a good regatta that
the Defense Force put on this
year and we're hoping that they
will have it again next year so we


"7-



T Yi o ha D-en o r -s
,- --2
T ..LA E i oa Rm D'

THE LADY EUNICE in action at the Royal Bahamas Defence Force's


third Commodore's Regatta
can go for the repeat."
In pulling off this year's title,
Adderley was it was simply a
matter of everybody doing
exactly what they had to do,
starting from the skipper, right
down to the crew.
"If the captain and the crew
don't work as a team, then you
won't have any success," Adder-
ley noted. "When both work
together, like we did, you will
be successful."
In the Commodore's Cup
race, which was sailed on Sun-
day, the Lady Eunice captured


the title as well with Sweet
Island Gal taking second. In
third place was the Lethal
Weapon.
Lethal Weapon, skippered by
Clyde Rolle, the brother of
Robinson, finished second over-
all in the battle for the overall
series title, while the new boat,
H20, got third.
For Rolle, who was asked to
sail the Lethal Weapon owned
by Robert Brown at the last
minute, he noted that their per-
SEE page 14


Truckers and




Cheetahs even


* BASKETBALL
By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net
EVEN though they had to play through the
Easter holiday weekend, the defending cham-
pions Johnson's Lady Truckers and the Sun-
shine Auto Lady Cheetahs have evened their
New Providence Women's Basketball Asso-
ciation's best-of-five championship series.
The two teams split the first two games of
the series on Thursday and Saturday nights
at the DW Davis Gymnasium in almost iden-
tical fashion with the Lady Truckers winning
74-67 in game one and the Lady Cheetahs
rebounding for a 75-67 decision in one two.
"That's what we wanted. We either wanted
to win both or get the split before Torsheka
'Cox come back," said Sunshine Auto's coach
Mario Bowleg. "Many people don't realize
that Torskeha Cox is missing and she is a vital
player on this team. I think she will be back on
Tuesday. If she is, I think we will be in a posi-
tion to take it all."
Cox, a power forward in the Lady Chee-
tahs' line-up, traveled with the CI Gibson Rat-
tlers senior boys and girls team to Las Vegas
over the holiday as a chaperone. She is a phys-
ical education teacher at CI Gibson.
Her absence reduced Sunshine Auto's size
inside, leaving just center Linda Pierre and
swingwoman Anastacia Moultrie to go to work
in the paint, especially on the boards where
Cox has made a significant contribution. Ter-
rana Pyfrom started in Cox's position.
Despite her absence, the Lady Cheetahs still
managed to control the boards, out-rebound-
ing the Lady Truckers 48-42 in game one and
28-23 in game two. While Pierre has led the
way with 24 rebounds, Sands has added 22.
On the opposite side of the court., Janice
Williams, who came through with 1I in game


THE TRUCKERS and Cheetahs have split the first
two games of their series.

one, was held to just eight in game two.
Not just defensively, but offensively, the
Lady Cheetahs had a slight edge, out-shooting
the Lady Truckers 40.9-32.9 percent from the
field in game one and 55.8-49.1 in game two.
There wa.s also a slight comparison in both
SEE page 14


II


PAGE 13


I








PAGE14,TUEDAYMARH 2, 208 TIBUE SORT


Bahamas Carifta Games medalists


New Zealand

146-1 at tea,

chasing553

* CRICKET
NAPIER, New Zealand
Associated Press
STEPHEN Fleming was
60 not out in his final test
innings and New Zealand
was 146 for one at tea Tues-
day, chasing 553 for victory
in the third cricket test
against England.
Matthew Bell was 69 not
out at the interval and had
likely saved his place in the
New Zealand team for its
tour of England which fol-
lows hard on this series.
The former New Zealand
captain is retiring from all
cricket at the end of the
current series, leaving the
international game after
111 tests as New Zealand's
most-capped and most-pro-
lific player.
He reached his 46th test
half century, his third of the
series after his 61 in the
first test and 59 in the first
innings of the current
match, from 69 balls in 89
minutes with eight fours.
Stuart Broad hit a quick,
unbeaten 31 from 26 balls
before the England declara-
tion.
* TENNIS
INDIAN WELLS, Calif.
Asoclated Press
NOVAK DJOKOVIC
has gotten off to a Roger
Federer-like start this year.
Meanwhile, Federer's aura
of invincibility seems to be
fading.
Mardy Fish faced both in
the Pacific Life Open. He
breezed to a 6-3, 6-2 victory
over Federer in the semifi-
nals, then extended the
final to three sets Sunday
before No. 3 Djokovic
pulled out a 6-2, 5-7, 6-3
victory.
Asked if the 20-year-old
Djokovic has the potential
to move to the top spot,
Fish replied, "Absolutely.
he's got all the weapons.
He doesn't have any weak-
nesses. He wants to win
badly, and he's got game,
for sure."
So who's the best men's
player in the world right
now?
"It's Roger Federer,
hands down. He hasn't
shown anything to say oth-
erwise," Fish said. "He's
got a few results these past
few weeks that are unchar-
acteristic for him. I think
he's going to continue to be
No. 1 for a long time."
Federer has lost three
times this year. The defeat
by No. 98 Fish obviously
the most surprising, espe-
cially since it was so one-
sided.
After being hindered by
mononucleosis early in the
season, Federer seemed to
be back on track for his
fourth title at Indian Wells
before he played Fish.
The 26-year-old Swiss
star didn't seem overly con-
cerned afterward, crediting
Fish with playing extremely
well and that he thought he
had a relatively good week
at Indian Wells.
Djokovic had a better
one.
Losing just one set the
entire tournament, he
added the title to the Aus-
tralian Open championship
he won for his first Grand
Slam crown.
"It's been a dream start,
of course," he said. "Before
this season, I said that my
two goals are I reach a
Masters (final) and hope-
fully win one Grand Slam. I
did all that in a very, very
small amount of time.
"But again, I don't want
to stop here. I'll try to keep
it going in Miami, and I'm
defending champion there."
Asked if he thought he


might be the best player
now, Djokovic said, "I'm
still not thinking in that
direction. I'm aware of the
fact that people have start-
ed talking about that, and
looking at me as the best
player in the world at the
moment, which is of
course looking at the
results.
"There's still a long way
to the end of the year. I'm
coming closer, though, to
the second place, and peo-
ple have started talking
about three players instead
of two now, which is
encouraging for me."


HERE'S a look at the Bahamas
medalists at the XXXVII Carifta
Games that was held over the Easter
holiday weekend at the Bird Rock
National Athletics Stadium in St. Kitts
and Nevis:
The final team position and official
medal count was unavailable up to
presstime.

* GOLD MEDALISTS
Nivea Smith, under-20 girls' 200,
23.03 secs.
Aaron Wilmore, under-17 boys' 100
hurdles, 12.88 secs.*
Under-20 girls' 4 x 100 relay Sheni-
qua Ferguson, Krystal Bodie, Cache


Armbrister and Nivea Smith, 44.36.
Under-17 boys' 4 x 100 relay Aaron
Wilmore, Demetri Knowles, Johnathan
Farquharson and Geno Jones, 41.85.
Nejmi Burnside, under-17 boys' 400
hurdles, 52.81
Geno Jones, under-17 boys 100
metres, 10.76 sec.
Raymond Higgs, under-20 boys high
jump, 6-feet, 10 3/4-inches.
V'Alonnee Robinson, under-17 girls'
long jump, 19-1 1/4.

* SILVER MEDALISTS
J'Vente Deveaux, under-20 boys'
triple jump, 50-6 3/4.
Tamara Myers, under-17 girls triple


jump, 11.55 metres.
Thomas Davis, open boys' hep-
tathlon, 4474 points.
Elvardo Humes, under-20 boys' pole
vault, 3.20 metres.

* BRONZE MEDALISTS
Under-20 boys' 4 x 400 relay, Jeffery
Gibson, Demetri Pinder, Brandon
Miller and Karlton Rolle, 3:11.34.
Under-17 boys' 4 x 400 relay, Alonzo
Russell, Zhivargo Thompson, Glen-
wood Baillou and Nejmi Burnside, no
time available.
Hughnique Rolle, under-17 girls' 800,
2:17.58.
Charles Turnquest, under-17 boys'


long jump, 21-10.
Krystal Bodie, under-20 girls' 100
hurdles, 13.72 secs.
V'Alonnee Robinson, under-17 girls'
100 hurdles, 14.18.
Sheniqua Ferguson, under-20 girls
100 metres, 11.50 sec.
Rashad Brown, under-17 girls' 400
metres, 55.52 secs.
V'Alonnee Robinson, under-17 girls'
100 metres, 11.91 sec.
Racquel Williams, under-17 girls dis-
cus, 102-10.
Under-17 girls' 4 x 100 relay Sparkyl
Cash, V'Alonnee Robinson, Rashan
Brown and Henrietta Carey, 47.84.
*denotes Carifta records.


The Truckers


and Cheetahs


even in best


of five series


FROM page one
the three-point shooting and
free throw conversion.
But after controlling game
one to take the initial win on
a couple of baskets, the
coachless Lady Truckers
found themselves in a hole
from the start of game two
and although they came with-
in striking distance, they were
never able to take the lead.
Lady Truckers' guard
Shantell Rolle, who was not
as free to roam around as she
did in game one, said it was a
totally different ball game
Saturday night as they came
out very flat, compared to
Thursday night.
"They outplayed us," said
Rolle, who most of the time
had to work through a dou-
ble team or a tight solo
defender. "We came within
three, but we just got out-
played in the fourth quarter."
As they look ahead to game
three tonight, Rolle said, "We
just have to take it one game
at a time. We just have to
come out early to warm up
and get our motivation
going."
Here's a summary of the
first two games:
Lady Truckers 74, Lady
Cheetahs 67: Shantell Rolle
led a balanced scoring attack
in game one with a game high
22 points, five rebounds and
four assists as Johnson's
snatched the initial lead in the
series.


The Lady Truckers, who
led 40-31 at the half, also got
21 points from Glenda
Gilcud; 15 points with a game
high 19 rebounds from Janice
Williams and 14 points and 10
rebounds from Latoya Rolle.
For Sunshine Auto, Linda
Pierre came through with 17
points, 16 rebounds and three
block shots; Lucinda Sylvain
had 16 points; Latoya 'Lil
Thing' Thompson 13 points
and Anastacia Moultrie just
eight points, but 15 rebounds,
five blocks, four assists and
as many steals.
Lady Cheetahs 75, Lady
Truckers 67: In a complete
turn around, Linda Pierre had
a game high 24 points with six
rebounds to pace Sunshine
Auto as they evened the
series in a well played game.
Latoya Thompson, who
went down with a slight injury
in the fourth quarter, had 19
points, including three big
three-pointers to keep Sun-
shine Auto out front, along
with three assists; Lucinda
Sylvain had 11 points, Anasta-
cia Moultrie seven points and
Terrana Pyfrom and Tiffany
McKenzie both added seven
points.
In a losing effort, Glenda
Gilcud scored 19 with three
assists; Latoya Rolle had 17
points with seven rebounds
and four assists before foul-
ing out in the fourth; Janice
Williams had 13 points
with eight rebounds and
Shantell Rolle added just 11
points.


Lady Eunice sails to regatta victory


FROM page one
formances weren't a surprise at all.
"Everybody thought that if it wasn't
Lundy, it would have been me winning
the title," Rolle stated. "Bob has a good
boat and she performed up to expecta-
tions."
Rolle, however, admitted that com-


peting against a fast boat like Lady
Eunice and one of the country's best
skippers on board, it's not going to be
easy.
"I beat him the whole day, but at the
last part when the wind came down, he
just passed us on the last marker in the
last race," Rolle pointed out.
This was just the fifth regatta for H20,


owned by Kelly Kemp, but skippered by
his father, Efford Kemp. Their third place
finish left the younger Kemp quite con-
tended, although he would have liked to
finish higher.
"1 think it was okay. My boat is a half
breeze boat. Today, we had some light
breeze. That was why we came third,"
he stated. "We should have come at least


second, but the wind dropped out on us
and we didn't do that good."
H20 can take some consolation in
the fact that they opened the regatta with
a victory in the first series race on Satur-
day.
But Kelly noted the Lady Eunice is
"just too fast right now, but I will catch
her soon."


- --.................................................... .....-..........----........... --.... ....................................... ............................................ t ............... ............. ...... .... ........ ...... ........ t*... *****e ********** ****************** *.*. *...... **.............


TRIBUNE SPORTS


PAGE 14, TUESDAY, MARCH 25, 2008





TUESDAY, MARCH 25, 2008, PAGE 15


B_ __SP_ _ __S


The 2008


~~j~ar,


TRIBUNE SPORTS


PHOTOS: Kermit Taylor


The Bahamas have
been taking part in the.'
2008 Carifta Games in
St. Kitts. These pictures
by Kermit Taylor
capture some of the
action.


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PAGE 18, TUESDAY, MARCH 25, 2008


THE TRIBUNE






TUESDAY, MARCH 25, 2008, PAGE 15


THE TRIBUNE


INTERNATIONAL NEWS


Slippery customer is blessed

at annual Los Angeles event


- CARDINAL ROGER MAHONY, right, presides over the Annual Blessing of the Animals in downtown
Los Angeles on Saturday March 22, 2008.. -



Other schools got chance to fix error that's

keeping Mo. girl out of National Spelling Bee


* KANSAS CITY, Mo.
A 12-YEAR-OLD girl is being
kept out of the Scripps National
Spelling Bee because of one word
- "district" and not because she
got it wrong, according to Associat-
ed Press.
Morgan Brown's school district
north of Kansas City incorrectly
registered its students by district
rather than by school, said Paige
Kimble, the spelling bee's director.
A "couple of hundred" schools
made the same mistake, but the
organization was able to give most
of them to chance to correct the
error by conducting a database


search for the word "district" in the
applications, Kimble said. The
North Platte R-1 School District,
however, listed itself only as North
Platte R-1.
Kimble said two and possibly
three other districts are facing the
same situation.
"It's not Scripps' responsibility
to ensure student eligibility," Kim-
ble said.
Morgan, who attends North Plat-
te Junior High in Dearborn, was
told last week that she may not be
able to compete despite being'the
regional spelling bee champion from
northwest Missouri.
North Platte Superintendent


Francis Moran said he hopes to
work something out with bee orga-
nizers.
"Hopefully, cooler heads will pre-
vail," he said. "Even if we didn't do
the paperwork correctly, you cer-
tainly don't punish the girl."
Morgan's parents already have
spent $1,000 on plane tickets to
attend the May omnpeltion in
Washington, D.C., and she had
been working with a coach twice a
week to prepare.
"I was devastated for a moment,"
she said. "Then I thought, 'There's
always next year."'
She said she is still holding out
hope that she can compete.


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CLASHES have been
breaking out among Egyp-
tians waiting in long lines
for subsidized bread and
the president has ordered
the army to start baking
more to contain a political
crisis, according to Associ-
ated Press.
The turmoil in the world's
most populous Arab coun-
try, a top U.S. ally, is a
stark sign of how rising
world food prices are roil-
ing poorer countries.
Government bakeries sell
subsidized versions of the
flat, round bread that is a
staple of people's diets.
Acute shortages of subsi-
dized bread, which is sold
at less than one U.S. cent a
loaf, have caused hours-
long lines and violence at
some sites in poor neigh-
borhoods in recent weeks.
At least seven people
have died, according to
police. Two were stabbed
int fights between customers
in line, and the rest died of
exhaustion or other medical
problems aggravated by
waiting in the spring heat.
Independent and opposi-
tion parties have been
sharply critical of President
Hosni Mubarak's govern-
ment, calling the long lines
a sign that his government
is failing.
"Our life has become so
miserable," said one work-
er, Saber Ahmed, who
spends up to four hours dai-
ly in bread lines to get 20
pieces of bread for col-
leagues at the cafe where
he works.
The 17-year-old, wearing
a ragged T-shirt as he stood
in a long line, said he and
co-workers can't afford
unsubsidized bread, "or any
food to eat with it."
Any Egyptian can get
subsidized bread under a
decades-old system that
also provides subsidies for
public transportation and
gasoline for all. The system
also provides subsidies for
some other food staples
specifically for the poor.
Demand for the subsi-
dized bread has grown
steadily in recent months as
rising commodity prices -
especially for flour have
made unsubsidized bread
less affordable. More than


EGYPTIAN PROTESTERS share a loaf of bread while chanting anti gov-
ernment and anti President Hosni Mubarak slogans during a demon-
stration in front of an ancient mosque to protest high prices and gov-
ernment carelessness, in Cairo, Egypt, in this Jan. 18, 2007 file photo.


20 percent of Egypt's 76
million people live below
the poverty line, according
to the World Bank. Unsub-
sidized bread can sell for 10
to 12 times the subsidized
price.
The supply of subsidized
bread has been decreasing.
Many people in Egypt
believe subsidized bakeries
sell some of'their flour on
the black market rather
than make bread.
'Last week, Mubarak
ordered the army to.
increase the production and
distribution of subsidized
bread to cope with the
shortages. The army and
the Interior Ministry, which
controls the police, own
bakeries that they normally
use to feed their employ-
ees. .-
In recent days, the army
has opened 10 large bak-
eries in Cairo to produce
cheap bread and has set up
about 500 kiosks to sell
bread to the public, said
Minister of Social Solidari-
ty Ali Meselhi. v
The state-owne-d Al-
Ahram newspaper said
Mubarak's order to the
armed forces to intervene
"means that he has declared
an emergency state to com-
bat this crisis." Another
columnist in the paper
called the bread riots "a
very critical moment" for
Egypt, demonstrating the
gap between rich and poor.
Some fear the crisis could
mirror riots in 1977 that
killed at least 70 people
after the government hiked


the price of bread and oth-
er subsidized foods.
Egypt grows about half of
the more than 14 million
tons of wheat it consumes
every year. It has also long
been one of the top
importers of U.S. wheat,
using about $54 million of
some $2 billion a year in
U.S. aid to buy it. But its
U.S. purchases have been
falling as it searches for
cheaper sellers on the world
market, where prices have
tripled in the last 10
months.
Mubarak has ordered the
government to use foreign
currency reserves to buy
additional wheat, according
to his spokesman Suleiman
Awad.
The government also will
add 15 million new names
to the list of those receiv-
ing cheap rations of cooking
oil, sugar and rice. That and
other measures will
increase the government's
annual food subsidy costs
by $3.1 billion to a total of
$13.7 billion this year.
None of that has given
much relief to citizens,
many of whom already are
disgruntled with Mubarak's
government because of its
long hold on power, and its
favoritism and corruption.
"I've been standing here
for hours, and we are not
close to getting bread yet,"
said Mohammed el-Deeb, a
manager at medical compa-
ny.
"Of course I need to
stand in the line, I can't
afford the other bread."


A CAMEL is seen on the right, as people stand at a bread eue at a
public oven in Giza, Egypt, Sunday, March 16, 2008. Egypt govern-
ment is struggling to contain a sudden, sharp political crisi sparked by
rising world food prices with its president ordering the aim9to take
emergency steps to end shortages of subsidized bread to captain vio-
lent clashes.


-- ~111


~- -~ -~--~'~ -'- -~- -~- -- ~ ~'---


THE TRIBUNE


PAGE 16, TUESDAY, MARCH 25, 2008


r-





THE I HIbUNt--



Coast Guard searches for missing crew member


after ship sinking that killed four off Alaska


* ANCHORAGE, Alaska
THE Coast Guard searched
by air and sea Monday for a
crew member missing from a
fishing vessel that sank off
Alaska's Aleutian Islands,
killing the captain and three
crew members. Forty-two crew
members were rescued, some
plucked directly from the frigid
water, according to Associated
Press.
The Seattle-based Alaska
Ranger started taking on water
shortly before 3 a.m. Sunday
after losing control of its rudder
120 miles west of Dutch Har-
bor, which is on Unalaska
Island. Among the dead were
the ship's captain.
The missing crew member
was identified Monday as
Satashi Konno of Japan. Chief
Petty Officer Barry Lane said
the Coast Guard cutter Munro
searched for Konno overnight
and aerial searches began at
daylight Monday.
Konno, whose age was
unknown, was wearing a sur-
vival suit, but even so, water
temperatures are at 36 degrees
and that makes survival tough,
Lane said.
"It's not a pleasant state,"
Lane said. "We are trying to
find him as quickly as possible."
On Sunday, two Coast Guard
helicopters plucked crew mem-
bers to safety from the water
and from life rafts, Lane said.
At least 13 of them were picked
directly, out of the water out
along a mile stretch of ocean.
They were wearing survival
suits and had strobe lights.
One person fell into the
water from a rescue basket as it
was being lifted into a rescue
helicopter. It was not clear if
that person was Konno, offi-
cials said.
The cause of the sinking was
under investigation. The ship's
owner, the Fishing Company
of Alaska, said in a statement
that it did "not have sufficient
information to determine why
the vessel foundered.",


Forty-two have been rescued


Waves up to 8 feet and 25-
knot wind were reported at the
time the 184-foot ship sank,
Lane said.
Twenty-two survivors were
taken to Dutch Harbor in the
sunken vessel's sister ship, the
Alaska Warrior, which took
part in the rescue. The ship,
which also carried bodies of
three victims, arrived about
midnight at a private dock.
The other 20 survivors and
the fourth victim were on board
the Munro, which remained at
the scene Monday helping in
the search for Konno.
The company identified the
captain as Eric Peter Jacobsen,
65, of Lynnwood, Wash. The
other victims were identified as


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chief engineer Daniel Cook,
hometown unknown; mate
David Silveira of San Diego;
and crewman Byron Carrillo,
believed to be from Seattle.
"They were incredibly brave,
hardworking men. Our hearts
are broken," the company said
in a statement.
The captain's son, Scott
Jacobsen, told KIRO-TV in
Seattle the family wants to
know what would cause such a
large vessel to sink under con-
ditions it should have been able
to withstand.
"Something was wrong, went
really wrong, so we're interest-
ed in the details," he said.
"Things like that don't just hap-
pen. My dad's been fishing all


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we can forward your cargo from Canada thru to the United States
to our warehouse in Florida For shipment to the Bahamas the next
business day or when ever you need it. Passenger flights are also
available, we can fly you anywhere in the Caribbean, USA, Europe.

"COMING SOON ORLANDO"
Very soon we will be able to pick up your cargo from our
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his life and he's never had any-
thing remotely close to this hap-
pen."
The Seattle Post-Intelligencer
reported Monday that the com-
pany owner, Karena Adler, has
an address in Mercer Island,
Wash., a Seattle suburb, but
could not be reached for com-
ment. The Associated Press
could not reach her Monday
morning because she has an
unlisted number.
State environmental regula-


tors were notified that the ship
was carrying 145,000 gallons of
diesel when it sank, according
to Leslie Pearson, emergency
response manager for the Alas-
ka Department of Environ-
mental Conservation.
According to initial reports,
an oil sheen covered an area of
a quarter mile by a half mile,
Coast Guard spokesman Ray
Dwyer said. The strong wind
made any cleanup effort unlike-
ly, but the conditions also would
disperse a spill more quickly
than calm weather, Pearson
said.
In 2006, the Fishing Compa-


Need Word frou the LOd?


ny of Alaska was among those
fined over problems on a catch-
er-processor ship that it man-
aged.
Federal officials said the case
stemmed from a multiyear
investigation that documented a
range of federal violations,
including keeping inaccurate
information on required reports
and fishing contrary to season-
al closures.
In December 2007, an engine
fire damaged another of the
company's ships, the Alaska
Patriot, while it was docked
near Dutch Harbor. No one
was injured.


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7:30pm


VENE: WORKMANSHIP MINISTRIES INT'L
TREHL PLAZA, Tonique Williams-Darling Highway
(West of The Paint Place)


HOST: Pastor Talbot W.Collie
Dip/Biblical Studies, BSc., MSc., MBA


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Bhutto loyalist is


elected Pakistani



prime minister,


orders release of


detained judges


* ISLAMABAD, Pakistan
THE deposed chief justice
emerged from house arrest
Monday after Pakistan's new
prime minister ordered
police to pull back razor-
wire barricades and release
judges ousted last year by
President Pervez Musharraf,
according to Associated
Press.
The judge's appearance on
the balcony of his Islamabad
villa drew cheers from hun-
dreds of flag-waving, drum-
beating supporters and dra-
matically underlined how
power is slipping away from
a stalwart U.S. ally.
Iftikhar Mohammed


( s








-WI

3* .
t


??,%


Chaudhry and his family had
been confined to the house
since Musharraf declared a
state of emergency in
November and sacked 60
senior judges ahead of a
Supreme Court ruling that
could have invalidated his
re-election as president.
"I have no words to thank
you for the way you strug-
gled for nearly five months
for the enforcement of the
rule of law and our consti-
tution," said a beaming
Chaudhry as lawyers and
opposition activists clapped
and threw rose petals.
Just two hours earlier, par-
liament had elected a loyalist
of slain ex-leader Benazir


Bhutto as Pakistan's new
prime minister following a
victory by Bhutto's party in
February elections that dealt
a crushing defeat to Mushar-
raf's allies.
Yousaf Raza Gilani, a for-
mer house speaker who until
two years ago was jailed
under what he claims were
politically motivated
charges, beat the pro-
Musharraf candidate
Chaudhry Pervez Elahi, by
264 votes to 42.
The new prime minister
immediately shook hands
with Bhutto's 19-year old
son, Bilawal Bhutto Zardari,
who watched from the VIP
gallery, wiping tears from his


a
t


- -

Y



r
-




face and smiling. His mother
held the post of prime min-
ister twice before she was
killed in a suicide attack in
December.
Cheers of "Long live
Bhutto, BB is still alive!"
rang out through parliament,
as Gilani addressed the
house for the first time as
premier, saying he would
seek a U.N. investigation
into Bhutto's killing. He also
ordered the immediate
release of the detained
judges, including Chaudhry.
"Democracy has been
revived due to the sacrifice
of Benazir Bhutto," he said,
as lawmakers thumped their
desks in approval.
"We didn't get here out of
charity. This moment came
because of continued strug-
gle and martyrdom."
Gilani himself spent five
years in prison under
Musharraf on accusations of
abusing his power in making
appointments while parlia-
ment speaker. A court freed
him in 2006.
Gilani, who will be sworn
in by the president on Tues-
day, will form a government
also comprising the party of
Nawaz Sharif, who was oust-
ed in Musharraf's 1999 coup.
The coalition partners
have vowed to slash the
president's sweeping powers
and review his counterter-
rorism policies. Many Pak-
istanis resent his support of
Washington's campaign
against al-Qaida and the Tal-
iban, claiming it has stoked a
bloody backlash by extrem-
ists.
The. rapidly changing
political climate in Pakistan
poses policy problems for
the United States.
The Bush administration


PAKISTAN'S NEWLY elected Prime Minister Yousaf Raza Gilani
addresses the Parliament in Islamabad, Pakistan on Monday,
March. 24, 2008. The longtime loyalist of slain opposition leader
Benazir Bhutto was elected Pakistan's new prime minister Mon-
day and he immediately freed judges detained by President Per-
vez Musharraf.


has been a staunch support-
er of Musharraf but in recent
weeks has started to put
some discreet distance
between itself and a once
"indispensable" ally in the
war on terror.
In Washington, White
House spokeswoman Dana
Perino congratulated Gilani
and the Pakistani people
"for moving quickly to form
a new government."
The freeing of Chaudhry
- who emerged last year as
the main check on Mushar-
raf's eight-year domination
of Pakistan is a telling
sign of how power is shift-
ing from the military to civil-
ians.
More critical than freeing
the judges will be whether
the new government honors
its promise to reinstate
Chaudhry and his colleagues
within 30 days a move
that could make Musharraf's
position increasingly unten-
able.
Some believe it could pres-
sure the president to resign
even though he has vowed
to serve out his five-year
term. In November, he gave
up his powerful post as army
chief.
Musharraf has sounded
increasingly bitter about
Chaudhry, declaring his rein-
statement to be legally
impossible. On a recent state
visit, he even branded him
"scum of the earth."
In his brief address,
Chaudhry cautioned that
"our destination is still a lit-
tle far away." He called for


continuing support for
restoration of the judiciary.
Ayaz Amir, a newspaper
columnist and lawmaker for
Sharif's party, said there was
still some ambiguity in the
position of Bhutto's party,
but he believed it would be
difficult to resist public pres-
sure to bring back
Chaudhry.
"They have to take a quick
decision or this will be a
cloud hanging over the new
government," Amir said
from the lawn of Chaudhry's
two-story hilltop villa.
Earlier, scores olrlawyers
and opposition activists'had
converged on the i~idehntiiAl
enclave for judges, minutes
after hearing Gilani's
address in parliament. They
urged police to roll back the
razor-wire barricade that
had blocked access to
Chaudhry's house since
November.
They then ran a few hun-
dred yards up the access
road and clambered over the
wall of Chaudhry's house
because the gates were still
locked. Police did nothing to
stop them.
"'The judiciary was
destroyed, but now our peo-
ple are going to be free and
our people will get justice,"
said Yasir Hussain Shah, a
27-year old lawyer, as jubi-
lant opposition activists
danced to drums on the lawn
and chanted "Go. Mushar-
raf, Go!"
"No one will have the
power to arrest judges
again," he said.


Marvelous March



CA$H-BACK!


SAVINGS EVENT

Promotion runs March 1 thru March 29, 2008.


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,. ^ Make any cash purchase in Master Technicians or Best Buy to be eli ble.1

S l Log on to www.mastertechbahamas.com for further details.


RIDE FOR


Join Us!

Saturday, April 5, 2008


Anyone can ride!
Ride for Hope is a charitable bike-a-thon-
open to people of all ages and cycling abilities.

We ride to make a difference!
We, ride because we can!
an4to helparid inspire others who cannot.
We ride to raise money for cancer caring centers
and cancer treatment programs.
We ride to raise hope and awareness.

The distance you ride is entirely your choice. Every Par-
ticipant has a highly personalized journey. You are not in
a race. You are under no pressure to finish.quickly.
Staging Area:
North Eleuthera Airport
Start- 8:30 am

"A weekend to remember...
An experience you will never forget'"


www.rldeforhopebahamas.com
Email: info@rideforhopebahamas.com
Tel: 362-6254


I


feeiin seIDyr ID DPaesI ergrtr Rfe irw1e ozr IDsl1se,IC o osIHo eletr AtC n iinr


PAGE 18, TUESDAY, MARCH 25, 2008


THE TRIBUNE


PE









THE TRIBUNE


TUESDAY, MARCH 25,2008, PAGE 19


THE COLLEGE OF THE BAHAMAS


Visit our website at www.cob.edu.bs


SCHOOL OF BUSINESS

Presents
Business Week 2008
Tuesday, March 25, 2008-Friday, March 28, 2008

Opening Ceremony
Tuesday, March 25, 2008 *10:00am

Wednesday, March 26, 2008
6:00p.m. 8:30p.m.
Panel Discussion
"Cyber Crime and High Tech Fraud:Detection & Prevention"
Panelists :
John Bain, Forensic and Litigation Partner MBA, FCCA, CMA
Derrington Rahming II, Manager, Financial Intelligence Unit, IT, BA
Edward Smith, Detective Superintendent, CFE
Lili Saghafi, lecturer, CIS, MSDA, MCT
Choices Restaurant
Free admission

Friday, March 28,2008
10:00am. 4:00p.m.
Careers Expo/Job Fair
School of Business
(Eighteen major employers)

For further information
Contact The School of Business at 302-4421/4434

The Ministry of Education, Youth, Sports & Culture

The College of The Bahamas
present
THE NATIONAL MATHEMATICS COMPETITION
FOR PRIMARY, JUNIOR HIGH AND SENIOR HIGH STUDENTS


The National Mathematics Competition is open to students within the various categories (Primary, Junior
High and Senior High) who have at least a B grade in mathematics on the last term's report card. Interested
students must complete the attached registration form.

This competition will be conducted in two (2) phases:

Phase I All entrants will sit a written examination on April 25, 2008

Primary
Grades 4-6
Junior High
Grades 7-9
Senior High
Grades 10-12

These examinations will be administered throughout The Commonwealth. The venue for New Providence
is The College of The Bahamas. Venues for the Family Islands will be announced at a later date.

Phase 2 The top 10 students within each category of the written examination will then proceed to an oral
competition to be held May 13-15, 2008.

Deadline
All registration forms must be directly submitted or postmarked by April 11, 2008 to one of the following
persons:


Theresa McPhee, Education Officer
High School Mathematics
Ministry of Education
Thompson Boulevard
P.O. Box N-3913
Nassau, Bahamas


Joan Rolle, Education Officer
Primary Mathematics
Ministry of Education
Thompson Boulevard
P.O. Box N3913
Nassau, Bahamas


Dr. Brenda Cleare, Dean
Pure & Applied Sciences
College of The Bahamas
Oakes Field Campus
P.O. Box N-4912
Nassau. Bahamas


Prizes

First, second and third prizes will be awarded in each of the three categories.

Application deadline is Friday, April 11, 2008
STUDENTS THROUGHOUT THE BAHAMAS ARE ENCOURAGED TO
PARTICIPATE IN THE COMPETITION.
.......................................................................................................

INTERNATIONAL

LANGUAGES

AND CULTURES

INSTITUTE






COMMUNICATION: A KEY TO GLOBAL UNDERSTANDING

AT THE COLLEGE OF THE BAHAMAS


IS PRESENTLY OFFERING THE DELE EXAMINATIONS:
(DIPLOMA DE ESPAIOL 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

THE INTERNATIONAL LANGUAGES AND CULTURES INSTITUTE THE COLLEI E/tINIVERSITY OF THE BAIHAMAS
EVENTS CALENDER 2008 (REVISED MARCH 4, 2008)


DATE
March 26
Wednesday .
March 28
Friday
NOTE:


EVENT
Lecturr:
CHINA THEN AND NOW
HAITIAN FILM
HAITI'S HIDDEN TREASURES
ALL EVENTS ARE SUBJECT
TO CHANGE .........................


LECTURE.RS/PA .TICIANTS
Lecture and PowcrPoinI Prcescntationi hy
Professor Xianwen Xu Irom Nanjiig. China
Short Introduction: Mr. Mare Desmangles. UIIAB:
United Association ofl itianns in the H ahruias
PLEASE CALL US PRIOR TO ANY
EVENT TO CONFIRM


Venue and lime to be
announLced
Munmings Building
Room 2 at 6:30


302-4584
302-4587


I)at ar subjc It in change.


EDucAniNG & f4l4E- ; ;',rc 13 4,HA.'biNii.s


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 approximately 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;
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 governance and
administrative committees. The Vice-President, Finance and Administration and Chief Finaocial 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 policies.
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 budge,.
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 direct mn for the College safety and security programs and policies.
Directs Human Resource police 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 S1i )N'TS SC'I )>1 \ARS..

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

CRITERIA
-. A numinoiunm cumulative
F l paymenpoint aoerage of 3.50
aSAT scores ot I 800
SD. Must be 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
this year's sitting.

BENEFITS
Full payment of tuition

Annual book allowance __'
Retreats
Study lounge complete
with computer, printing
and faxing privileges
Leadership workshops
and conferences
Domestic & International travel
President's Scholars award at Commencemnent


___ 11~ ___ ~II _~_~_


%p p I i c.11 iq II d ca d Iif) C. N 1:11. 3 1 2 4 14 )
^^^^^^^^^^^^^^^^^^^^^^^^^^ N1 \N cI I b. ed I I. b%^^^^^
^^^^^^^^^ I-'.t\ 302-4321) TltDK3412-4581)^^
^^^^^^^^ Office (11, ^^t^^de^lt ^^t^adersh^^p Room A 85








TUESDAYMARCH 252008


PO 20,,A I G


( Tribune Comics

JUDGE PARKER


APARTMENT 3-G


BLONDIE


TIGER


CRYPTIC PUZZLE


ACROSS
1 Tricked out? (6)
7 Quite proper, but a fathead could
make it terrible (8)
8 Shop opened, In the past, just for one
kind of pudding (4)
10 Where varsity men regularly start a
row (6)
11 Divine spirits of the East, in new
slang? (6)
14 Part of a play current at Ihe
West End (3)
16 Might such cards foretell that sailor
has to return? (5)
17 Eel wriggling out of the Birkenhead
river (4)
19 Cordage well known to old hands (5)
21 Walked at the front of the field? (5)
22 Sweet American, maybe, to chew the
rag with (5)
23 Become friendly with me and an
officer (4)
26 Possibly be III due to an offence (5)
28 In favour of reversing to the right (3)
29 Is outl of business due to perfectionist
notions (6)
30 Work in our lab (6)
31 A line some cabs may form (4)
32 Acclaimed for having sharpened up
around the Central Court (8)
33 Non-vintage wine from Spain,
originally (6)


Yesterday's cryptic solutions
ACROSS: 1, St.-ash 6, Kitty 9, Corsair 10, Pi-lo-t 11, Ni-F-ty
12, La-U-ds 13, P-itch-er 15, Den 17, Las-h 18, Se-cur-e
19, Dried 20, Screen 22, Sag-E 24, Has 25, Even-te-r 26,
Lit-re 27, Ste-l-n 28, Bill-y 29, Federal 30, Fe-T-ed 31,
A-side
DOWN: 2, Trivia 3, Scotch 4, Hot 5, Oscar 6, Kind-red 7,
Iris 8, Tot-ter 12, L-earn 13, P-L-ush 14, Tsars 15, Du-cat
16, Never 18, Serve 19, Defined 21, C-astle 22, S-nails
23, Gel-led 25, Erred 26, Life 28, Baa


DOWN
1 Link the French with a sudden
successful blow (6)
2 To fine leg? (6)
3 Essay about starting out in
the city (4)
4 Avoid a fellow getting side-tracked (7)
5 Later, open talks in irrational fear (5)
6 Another explosion, curse it! (5)
8 A shot at heartening constables (4)
9 In a bridge tournament,
maybe win (3)
12 Petrol for one sort of jet (3)
13 All upset about some boy it's true!
(5)
15 Neighbour needing money loi coal,
perhaps (5)
18 Angry little girl hiding in cover (5)
19 Somewhat outrageous practical
joke? (3)
20 By getting one note right on the
piano (3)
21 Move to the right as you leave (4,3)
22 Could such an urchin be a
cabin boy? (3)
23 Phone the gang a wicked lie! (6)
24 Greek god ol generosity (4)
25 A bird you can talk to, practically? (i6)
26 Though not heavy, it's a good thing to
shed (5)
27 Prohibits including even a scrap of
meat in a vegetable product (5)
28 Communicate sound facts, it only
approximately (3)
30 A number ol advertisements lor
young men (4)


Yesterday's easy solutions
ACROSS: 1, Ashen 6, Right 9, Located 10, Caral t11, Pl
12, Paste 13, Ordeals 15, Den 17, Used 18, Allude 19
Adobe 20, Errors 22, Cede 24, Ray 25, Prouder 26, [I
27, Fines 28, Gamut 29, Starlet 30, Agate 31,
Tenet
DOWN: 2, Stairs 3, Elated 4, Not 5, Galas 6, Reptile 7,
8, Heated 12, Plods 13, Outer 14, Decry 15, Duped 16
Never 18, Abort 19, Artiste 21. Racing 22, Curate 23,
Deluge 25, Perry 26, Rest 28, Gel


ACROSS
1 Initialed (6)
7 Dealer overseas (8)
8 Dash (4)
10 Cruel person (6)
11 Split (6)
14 Writing fluid (3)
16 Type of
saw (5)
17 Appointment (4)
19 Servant (5)
21 Was concerned (5)
22 Disgusting (5)
23 Saucy (4)
26 Tyl:e of chair (5)
28 Type of disease (3)
29 Score (6)
30 Ulool ()
31 Radiale (4)
32 Angelic (8)
33 Dozen (6)
ead

ivel

Idle
6.


SDennis


North dealer.
Both sides vulnerable.
NORTH
49
VAK4
*A QJ 9 4
+A Q43
WEST EAST
*A108542 +KJ
V107 VJ963
S87 *K32
+385 +10972
SOUTH.
*Q763
VQ 852
1065
+K6
The bidding:
North East South West
I1 Pass 1 V Pass
3 + Pass 3 NT
Opening lead five of spades.

Sylvia never did like duplicate
bridge. What she enjoyed most was
playing rubber bridge with the ex-
perts at the club, even though she
realized she was outclassed.
She felt that the level of skill in
the duplicate game did not present
her with as much of a challenge -
not to mention the chance to improve
her game as did the experts'
rubber-bridge game.


This deal occurred on a night
when Sylvia made one of her rare
appearances at the club duplicate. At
each of the 12 tables, South became
declarer at three notrump.
At 11 tables, South made four
notrump after a spade was led to the
king and East returned the jack.
Declarer. ducked and later finished
with 10 tricks after losing a diamond
finesse to East.
But at Sylvia's table, South went
down two. West led a spade, and
Sylvia (East) played the jack instead
of the king! South did not dare refuse
to take the jack, since it appeared cer-
tain that West had the A-K. So he
won with the queen and staked his all
on the diamond finesse.
Unfortunately, the finesse failed.
Sylvia won the ten with the king and
returned the king of spades. West
overtook with the ace and cashed his
spades, and declarer wound up down
two.
There was not much point to ask-
ing Sylvia to explain her jack play,
because everyone knew how reluc-
tant she always was to part with a
king. In fact, had anyone asked,
Sylvia no doubt would have been
surprised to learn that any play other
than the jack could even be contem-
.plated.


The
N T Taret
R LIT .,.
the man.
I body of
SM Chambers
21st
Century
Dictionary
E (1999
1 edition)
HOW many words of four letters or
more can you makc from the
letters shown here? In making a
word, each letter may be used once
only. Each must contain the centre
lette .." 'here must be at least
one aine-letter word. No plurals.
TODAY'S TARGET
Good 17; very good 25; excellent 33
(or more). Solution tomorrow.


DOWN
1 Pursued (6)
2 Sally (6)
3 Hollow (4)
4 Suggested
(7)
5 Blemish (5)
6 Naive (5)
8 Revise (4)
9 Enquire (3)
12 Animal doctor (3)
13 Benefactor (5)
15 European capital (5)
18 Awry (5)
19 Barrel (3)
20 Guided (3)
21 Mythical creature (7)
22 Adherent (3)
23 Courteous (6)
24 Way out (4)
25 Hypnotic state (6)
26 OrdeLly pile (5)
27 Postpone (5)
28 Woman's name (3)
30 Religious group (4)


U



piOneer


firs, Seprng
A a frotes.


D


"MoML LlkE To TALK OVER FilNCE-, BUJT DAV'
LIk-TO -TALK OVER CAR."


) Tribune

Horoscope


By LINDA BLACK


TUESDAY,
MAR 25

AQUARIUS Jan 21/Feb 18
Stop being so controlling of the
finances, Aquarius. Putting the
spending blame on others is not
accurate you're involved in that
situation as well. .
PISCES Feb 19/Mar20
If plans don't work out the way you
expected this week. Pisces, don't
get discouraged. Bounce back and
set a new agenda.
ARIES Mar 21/Apr 20
Don't worry when a conflict arises
at work, Aries. Things will simmer
down rather quickly, so don't
spend much time thinking about
finding a resolution.
TAURUS Apr 21/May 21
There's no time like the present to
embark on that home improvement
you've been considering. Taurus.
Encourage others to give you some
friendly assistance.
GEMINI May 22/Jun 21
If you've been thinking about taking
a trip, now is the time to do so,
Gemini. Grab a friend or family mem-
ber to take the ride with you and it will
be much more fun.
CANCER Jun 22/Jul 22
You've been feeling under the
weather. Cancer, and you can't seem
to bounce back quickly. Rest is key
this week. There's no point getting
even more run down.
LEO Jul 23/Aug 23
Lions may be the kings of the jungle,
Leo, but this week you can't even
muster a meow. No one is taking you
seriously, and that has young antiry
Rethink your strategy.
VIRGO Aug 24/Sept 22
A move you made a few weeks back
is not panning out as youth had hoped,
Virgo. You just can't seem to get
along with your new housemate. It
may be time to pack q.i once limore.
LIBRA Sopt 23/Oct 23
You've been taking advantage o
loved one Libra, and it has to There's inly so much they will take
before g -lling angry. Start reciprocal-
ing inste ad ofl just being greedy
SCOPPIO Oct 24/No' 22
You'll wanl to run tl'e show this
week. Scorpio, and oilers will be
anxious to let you. Don't let ihe
powei go to your head. or else you'll
make enemies very quickly.
SAC TrIARIUS Nov 23/Dec 21
A fr 'nd in nee(I ha!a you running.
Sagit:;iius. But ,Jon't be so quick
t, ;o'p evcrvtime this person
hn' ; ons or else the situation could
et out of control'
. A, RICORN .- Dec 22/Jan 20
11u' e been long :oo much at work

Voursei (1lo(\ you're going to findl
yourself physically and nientall]
wvorn out.


IOCH SS y e n ar Barde


Richard Teichmann v Heinrich
Wolf, Carlsbad 1907. They
nicknamed Teichmann "Richard
the Fifth" because he often took
fifth prize in grandmaster
tournaments. Actually, the
German looked more like a
pirate. In his mid-twenties he
combined chess with living in
London as a languages teacher,
but misfortune struck during
London 1899, played at St
Stephen's, Westminster.
Teichmann suffered vision
trouble and later went blind in
his right eye. He covered it with
a large patch and this, combined
with his beard, gave him a
buccaneering look. However, his
chess style was rather orthodox,
aiming at strategic play leading
to a slow attacking build-up.
Today's position is quite typical


O1l


E ij,


S I 1 C h

of a Teichmann finish, down to
queens and rooks but with the
black king in greater danger than
its whi'e counterpart. How did
White (tc play) force a rapid
victory?

LEONARD BARDEN


Chess solution 8469:1 Rxf+! Oxf7 2 Rd7' K\d7 3
Qxt7' and 4 Qxc4 wins


THE TRIBUNE


( Calvin & lobbes '


Contract Bridge

By Steve Becker



Sylvia Plays Duplicate Bridge


0
R

D


TAGE


.-`--






TUESDAY, MARCH 25, 2008, PAGE 21


THE TRIBUNE


US blames Shiite


extremists for



rocket attacks; US



death toll hits 4,000


* BAGHDAD
THE U.S. military blamed
Iranian-backed Shiite militia
factions on Monday for a spate
of rocket attacks that struck
the Green Zone and sur-
rounding areas, a day after the
overall U.S. death toll in the
five-year conflict rose to 4,000,
according to Associated Press.
The White House called the
grim milestone "a sober
moment" and said President
Bush spends time every day
thinking about those who have
lost their lives in battle.
"He bears the responsibility
for the decisions that he
made," White House press
secretary Dana Perino said
Monday. "He also bears the
responsibility to continue to
focus on succeeding."
The American deaths came
Sunday, the same day rockets
',pounded the U.S.-protected
A Green Zone in Baghdad and a
wave of attacks left at least 61
Iraqis dead nationwide.
Rear Adm. Gregory Smith,
a U.S. military spokesman in
Baghdad, said the rockets
fired into the Green Zone,
also known as the Interna-
.tional Zone, were Iranian-
made and supplied by the
,Quds Force, an elite unit of
Iran's Revolutionary Guards.
The U.S. military has
accused Iran of arming and
'*funding Shiite extremists to
, fight American forces in Iraq.
Iran denies the allegation.
U.S. Embassy spokesman
5>


Green Zone in


Baghdad pounded


Philip Reeker said two gov-
ernment employees an
American and a Jordanian -
were seriously wounded and
six other people required med-
ical attention after Sunday's
volley of rocket attacks.
Local hospital and police
officials said at least 12 Iraqis
were killed and 30 more were
wounded in rocket or mortar
blasts that apparently fell short
after being aimed at the Green
Zone from scattered areas of
eastern Baghdad.
"We have assessed the rock-
ets fired yesterday into the
International Zone and those
that struck neighborhoods
nearby, were the responsibili-
ty of Iranian-backed special
groups," Smith told The
Associated Press in an e-mail.
The military uses the term
special groups to refer to Shi-
ite extremists who continue
attacks despite a cease-fire
order by radical Shiite cleric
Muqtada al-Sadr to his Mahdi
Army militia.
"The attacks show the indis-
criminate violence these
groups carry out in Iraq as the
major loss of life yesterday
was to innocent Iraqi men,
women and children,"


Smith said.
The deaths of four U.S. sol-
diers in a roadside bombing
about 10 p.m. Sunday in south-
ern Baghdad pushed to 4,000
the number of American ser-
vice members killed as the war
enters its sixth year. Another
soldier was wounded in the
attack, the military said.
The AP count of 4,000
deaths is based on U.S. mili-
tary reports and includes eight
civilians who worked for the
Department of Defense.
"You regret every casualty,
every loss," Vice President
Dick Cheney said. "The pres-
ident is the one that has to
make that decision to send
young men and women into
harm's way. It never gets any
easier."
An American military offi-
cial in Baghdad said each U.S.
death is "equally tragic" and
underscored the need to keep
up the fight.
"There have been some sig-
nificant gains. However, this
enemy is resilient and will not
give up, nor will we," military
spokesman Navy Lt. Patrick
Evans said. "There's still a lot
of work to be done."
Last year. U.S. military


a-





, US SOLDIERS stand in front of a cross after Easter sunrise service at Camp Victory, in Baghdad, Iraq, Sun-
day, March 23, 2008. Suspected Shiite extremists fired two barrages Sunday at the U.S.-protected Green-
)- Zone, and a suicide bomber stuck an Iraqi army position in northern Iraq, killing 10 Iraqi soldiers and wound-
ing 50 others.

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

'The Bahamas f0ationaI.Youth Choir

Celebrating 25 Years

presents its
18th Annual Concert Season Dundas Centre for
The Terform ing Arts, Mackey Street

March 25 29, 2008 at 8:30 p.m.

Tickets $15.00 March 26 29 / Call 393-3728
Gala Tickets $50.00 March 25 / Call 393-3226

Guest Artist

TMr. Lee Caflenderpianist


deaths spiked as U.S. troops
sought to regain control of
Baghdad and surrounding
areas. The death toll has see-
sawed since, with 2007 ending
as the deadliest year for
American troops at 901
deaths. That was 51 more
deaths than 2004, the second
deadliest year for U.S. sol-
diers.
Tens of thousands of Iraqi
civilians also have been killed
since the U.S.-led invasion on
March 20, 2003, although esti-
mates of a specific figure vary
widely because of the difficul-
ty in collecting accurate infor-
mation.
One widely respected tally
by Iraq Body Count, which
collects figures based mostly
on media reports, estimates
that 82,349 to 89,867 Iraqi
civilians have lost their lives
in the conflict.
Overall attacks also have
decreased against Iraqi civil-
ians but recent weeks have
seen several high-profile
bombings, highlighting the
fragile security situation and
the resilience of both Sunni
and Shiite extremist groups.
The heavily fortified Green
Zone has frequently come
under fire by Shiite and Sunni
extremists, but the attacks
have tapered off as violence
declined over the past year.
Sunday's attacks followed a
series of clashes last week
between U.S. and Iraqi forces
and factions of the Mahdi


w

a
ui



(0





0
C)


Army. The Mahdi Army has day in the holy city of Najaf.
come under severe strains in Liwa Smeism, a senior polit-
recent weeks as the U.S. and ical adviser at al-Sadr's office
Iraqi forces insist on detain- in Najaf, said the strikes in
ing followers they accuse of west Baghdad would continue
belonging to- breakaway for up to 48 hours unless the
groups. government meets the move-
Al-Sadr's followers have ment's demands for the
accused the Shiite-dominated release of detainees and a stop
government of exploiting the to raids against the Sadrists.
cease-fire to target the cleric's Also Monday, Iraqi author-
supporters in advance of ities clamped an indefinite
provincial elections expected nighttime curfew on the Shiite
this fall. They have demand- oil port of Basra as Iraqi
ed the release of supporters Prime Minister Nouri al-Mali-
rounded up in recent weeks. ki traveled to the volatile
Leaders of the Sadrist southern city and ordered a
movement called on support- new security plan in a bid to
ers to protest the arrests by clamp down on violence
closing their shops and busi- between rival militia factions.
nesses. The move is a sign of grow-
The call was heeded Mon- ing concern about security in
day in at least two predomi- the nation's oil capital since
nantly Shiite neighborhoods British forces handed over
of Baghdad. AP Television control of the city last year.
News video showed a deserted Meanwhile, the FBI said it
bus stop, shuttered shops and has recovered the remains of
empty streets in normally two kidnapped U.S. contrac-
bustling Amil and Baiyaa. tors in Iraq.
Police said Mahdi Army The agency identified the
militiamen have also issued contractors as Ronald With-
general strike orders in three row of Roaring Springs, Texas,
other areas of southwestern and John Roy Young of
Baghdad and in Mahmoudiya, Kansas City, Mo. Withrowv
some 20 miles south of Bagh- worked for JPI Worldwide
dad. when he was kidnapped in
"This civil disobedience may January 2007. Young worked
be called for in the rest of for Crescent Security Group
Baghdad and maybe in south- when he was kidnapped in
ern provinces if the govern- November 2006.
ment does not free our The FBI said the investiga-
detainees," Sadrist lawmaker_ tion into the kidnapping is
Ali al-Mayali said after attend-, .'ongoing.
ing a leadership greeting Mion-'


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5 Scotiabank


SM K RSS teU S.rei






PAGE 22. T


SANPIN


MOTOR


THOMPSON BLVD., OAKES FIELD OPPOSITE
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PARTS
SERVICE
BODY
SHOP
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TEL/ FAX (242) 326-6315 (Office)
TEL/ FAX (242) 356-0362( Parts)
E- Mall:sanpin@hatmall.com
E-Mail: sanpln@coralwave.com


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Mechanic Shop
* Oil change and grease jobs
*Tune-ups
* Brake jobs
* WM.ael alignment
* Wheel balancing
* Complete engine overhaul
* Valve jobs
* Clutch Jobs
* Radiator jobs
* Automatic transmission
* Road service
* Air conditioning Installatlon.
and service
* Ruslproofing
Parts Department
Mechanical and body
parts for Dalsun vehicles
Tyies supplied and
mounted
Batteries
Air conditioning units
etc.
Body Shop
MInriogaJor body and


NISSAN B13 SENTRA


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NISSAN


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FAX (242) 326-6315 (office). FAX (242) 356-0362 (parts)
FAX (242) 323-8009 (service)
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PAGE 22, TUESDAY, MARCH 25, 2008


. I


THE TRIBUNE


oIp.


14


Adl@FZw-
4r


~IPYlc~










THE TRIBUNE
UTH ET UNE

C .|i c 1^


TUESDAY, MARCH 25, 2008

AF


BISX awaits first secondary




listing 'shortly after' Easter


* By NEIL HARTNELL
Tribune Business Editor
THE Bahamas
International Securities
Exchange (BISX) is
expecting to list its first
secondary securities
issue "shortly after"
the Easter holidays, its
chief executive telling
The Tribune that the


* Exchange expects 'a steady stream of business coming our way'
*, Extra broker competition from FG Capital Markets to aid market and investors


exchange expected to "see a steady
stream of business coming our way".
Keith Davies said: "We're going to
introduce secondary listings, and I am
looking forward to that taking on a
more prominent role in our market.
There are a number of things already


on tap and coming to the marketplace.
"We expect very soon, shortly after
the [Easter] break, to have our first
one, and then hopefully bring on oth-
ers."
BISX received clearance from the
Securities Commission earlier this year


to list on the exchange secondary secu-
rities such as preference shares anid
bonds that were issued by compa-
nies already registered with it. These
companies are those who have their
ordinary shares, or equity, listed on
the exchange.


The initiative is designed to further
broaden and deepen the Bahamian
capital markets by providing a plat-
form on which holders of public com-

SEE page 7B


Disclosure issue 'coloured Family Guardian to list three sub-funds on BISX


* By NEIL HARTNELL
Tribune Business Editor
THE late Edward St
George's estate has moved to
appeal the discharge of the
Grand Bahama Port Authori-
ty's (GBPA) receivership to the
Court of Appeal, challenging a
*material non-disclosure' find-
ing by Justice Neville Adderley
that it alleges "coloured his
entire view of the case".
The appeal, filed with the
Court of Appeal on March 19,
2008, representing the latest in a


slew of litigation surrounding
the GBPA ownership dispute,
came after Justice Adderley
ruled on March 7 that the
GBPA and Port Group
receivers, BDO Mann Judd
accountants Clifford and Myles
Culmer, should be removed.
In setting aside the earlier
order by Justice Jeanne Thomp-
son appointing the receivers,
Justice Adderley cited two key
reasons, one being "that in law

SEE page 6B


Engineers fear EPA's impact


* By NEIL HARTNELL
Tribune Business Editor
FAMILY Guardian will list
on the Bahamas International
Securities Exchange (BISX) the
three sub-funds underlying the
investment fund it will launch
at month's end, its president
telling The Tribune that fiscal
2007 was "a great year" for the
company's financial results.
Patricia Hermanns said the
investment fund launch was
part of a broader strategy,
under the "umbrella" of Family
Guardian's BISX-listed parent,
FamGuard Corporation, to
expand the company's reach
into wealth accumulation prod-
ucts, pension funds and retire-
ment financing.
To facilitate the plan, Family
Guardian has created two new
subsidiaries FG Capital Mar-
kets, which last week became
the latest BISX broker/dealer


* 2007 'a great year' for BISX-listed insurer, with
trend of being 'well above' 2006 not changing
* Company aims to move 'more aggressively'
on general insurance agency expansion
* Outfitting Exuma agents office


and sponsor member, and FG
Financial.
FG Capital Markets will man-
age the investment fund, the FG
Financial Fund Ltd SAC (seg-
regated accounts company) and
its three sub-funds, with FG
Financial acting as the fund's
administrator. The latter sub-
sidiary is also seeking to expand
into pension fund management
and administration, as a pro-
portion of those pension funds
is likely to be invested in the
investment funds managed by
FG Capital Markets.
Ms Hermanns told The Tri-
bune that FG Capital Markets


was "gearing up" to start actual
operations by March-end, or
early April at latest. "The
launch of the fund will occur at
the end of March," she added,
with an official launch set for
mid-April 2008.
"There are three sub-funds
with different investment objec-
tives, and we will be listing the
three of them [on BISX]
because they have different pro-
files and different returns.
There's a balanced fund, one
that's more weighted to fixed-

SEE page 4&5B


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE Bahamas Society of
Engineers (BSE) has appointed
a select committee to consult
with members and report to the
Government on the Economic
Partnership Agreement (EPA)
offer this nation should make
in relation to the profession,
amid fears that the treaty could
further squeeze the limited 20
per cent market share that
Bahamians currently enjoy.
The committee, formed last
week, will be headed by past
BSE president Cyprian Gibson,
who expressed concerns at a


Bahamian society
forms committee to
assess trade treaty, amid
concerns EU firms
could squeeze limited
20% market share
locals enjoy currently
society meeting that when com-
pared to other CARIFORUM
countries, the Bahamas was in
its infancy stages on engineer-
ing. This was particularly when
it came to legislation and regu-
lations governing the profes-

SEE page 3B


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Long-term reform


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the


FOR months now, the dis-
cussion has focused on
whether or not the United
States economy is in reces-
sion.
Economists define a reces-
sion as two consecutive quar-
ters of negative gross domes-
tic product (GDP) growth,
and though its growth was
sluggish in the last quarter,
0.6 per cent, the United
States economy has yet to
show negative growth so far
in this cycle.
But there is no doubt that
things are slowing down and


some 'belt tightening' is on
the way.
The United States eco-
nomic problems are well
known, with the 'sub-prime'
mortgage crisis taking centre
stage, but do not forget the
price of oil (now well over
100 per barrel) and the price
of some basic commodities.
In my regular Sunday after-
noon review of the economic
shows on cable TV, I was
shocked to learn that the
price of wheat is two-and-a-
half times higher today than
it was just a year ago.


The implication here is that
processed food prices will be
going much higher (if they
haven't done so already).
The connection
In fact, the collapse of Bear
Stearns (a large, well-respect-
ed investment bank and sub-
prime mortgage casualty),
had a direct common link to
the Bahamas through Joe
Lewis.
Mr Lewis, a long-time
Lyford Cay resident, was the
largest individual shareholder
in Bear Stearns. He is also :
the major investor in the pro-
posed Albany project. In the
collapse of Bear Stearns, Mr i
Lewis lost around $1 billion
in value on his investment.
Once that became known,
alarm bells rung wildly con-
cerning the potential impact '
on Mr Lewis's potential
Albany investment.
Now that Baha Mar is
seemingly delayed (and even,
potentially 'off-the-table'), '
any further delay or cancella-
tion of the Albany project ,
could really derail our econo-
my, which had both Baha
Mar and Albany-related
investment spending heavily,
built into economic forecasts.
Fortunately for the
Bahamas, the Albany devel-
opers quickly responded with


A. ... Financial



a press conference announc-
ing that the project would not
be impacted in any way by
Mr Lewis's Bear Stearns
woes. This is clearly good
news for the Bahamas, but it
also speaks to the fact that
economic problems in the US
invariably mean economic
problems in the Bahamas.
What do everyday
Americans think about
the US economy?
"Though times are tough
now, Americans believe the
economy will bounce back by
next year," according to a
survey released last Friday
and conducted by
CNN/Opinion Research
Corp. The poll found that 60
per cent of respondents think
economic conditions in the
US will be "good" next year,
as opposed to the 75 per cent
who think the economic situ-
ation is "poor" now.
"Most people realise that
the economy has cycles of
ups and downs," said
Wachovia economist Sam


Bullard.
"Fortunately, the last two
recessions were some of the
shortest on record, so in 2009
we should be pulling up out
of this."
While the-majority of
those surveyed were confi-
dent that the downturn
would be relatively short-
lived, there were some con-
cerns noted about their long-
term financial security. For
instance, only 23 per cent felt
"very confident" about pay-
ing for their children to
attend their choice of college.
Further, only 29 per cent said
they were "very confident"
about saving enough money
to live comfortably when
they retire, and just 44 per
cent believed they will be
able to retire when they wish.
Policy options
Some weeks ago, the US
Congress passed a stimulus
"package that will put some
$190 billion back into the
pockets of Americans. The
thinking is that Americans
consumers will-spend that '
money to boost the economy..
Also, the FederalHReserve
(the US Central Bank) has
been aggressively reducing
interest rates in an attempt to.
stimulate the economy by
reducing the cost of credit.
In the Bahamas, we have
yet to see any policy response
to the deteriorating economic
environment. And there is a
perfectly good reason why.
When you have an annual
national budget that has 70
per cent required for wages
and personal emoluments,
there is very little flexibility
to do much else.
Furthermore, the
Bahamas' overall national
debt level has been growing
in recent years. One of the


key indicators that is widely
followed by the Internation-
al Monetary Fund (IMF) and
international rating agencies
(Moody's and Standard &
Poor's) is the management of
the national debt. Too much
debt could lead to a lower
credit rating being assigned
to the Bahamas by the inter-
national credit rating agen-
cies.
Likely policy response
I think it is very likely that
we will see the re-imposition
of 'credit restraints' by the
Central Bank. Similarly,
interest rates will be engi-
neered downwards and Gov-
ernment spending will be
ramped up on infrastructural
projects...roads, buildings
and the like.
However, the pressing
need is for the start of a real
and sustained discussion of
issues such as tax reform,
educational reform (needed
to produce a more productive
workforce) and long-term
economic policies.
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 comments to
rlgibson@atlantichouse. com.
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PAGE 2B, TUESDAY, MARCH 25, 2008


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TUESDAY, MARCH 25, 2008, PAGE 3B


THE TRIBUNE


The Bahamian Stock Market U1I 1m 11
BISX CLOSING CHANGE VOLUME YTD PRICE


CHANGE


SYMBOL PRICE


13.86%
16.47%
0.00%
0.00%
0.00%
0.00%
13.03%
-11.51%
-8.89%
-4.45%
-5.16%
5.53%
9.72%
-1.89%
-3.90%
6.18%
-0.23%
-5.38%
11.82%
0.00%


DIVIDEND/AGM NOTES:

FOCOL Holdings (FCL) announced it will be holding its
Annual General Meeting on March 27, 2008, at 9.30am at its
Corporate Office, Queens Highway, Freeport, Grand Bahama.
Cable Bahamas (CAB) has declared a dividend of $0.06 per
share, payable on March 31, 2008, to all shareholders of record
date March 14, 2008.
Doctors Hospital Health Systems (DHS) has declared a div-
idend of $0.02 per share, payable on March 31, 2008, to all
shareholders of record date March 18, 2008.
Benchmark (Bahamas) (BBL) has declared a special divi-
dend of $0.02 per share, with $0.01 already paid on December
31, 2007, and $0.01 payable on March 31, 2008, to all share-
holders of record date December 21, 2007.
Commonwealth Bank (CBL) has declared a quarterly div-
idend of $0.05 per share, payable on March 31, 2008, to all
shareholders of record date March 14, 2008. Additionally, CBL
has declared a special dividend of $0.06 per share, payable on
April 30, 2008, to all shareholders of record date April 15,
2008.
Consolidated Water Company BDRs (CWCB) have
declared a dividend'of $0.013 per share, payable on May 7,
2008, to all shareholders of record date March 31, 2008.


EPA, from page 1B
sion, standards and profession-
al accreditation, and the lack of
Bahamian engineers in this
nation. It was just appointed
last week at an association
meeting.
Mr Gibson said Bahamian
engineers, although fully quali-
fied, were currently able to tap
into only about 20 per cent of
the work available to them. He
expressed concerns that signing
the EPA with the European
Union (EU) could give large
European engineering firms too
much access to the Bahamian
market, further shrinking the
market share enjoyed by this
nation's engineers and their
firms.
Mr Gibson said that if other
countries, such as Jamaica and
Trinidad, were protecting their
industries despite the fact they
were more advanced than the
Bahamas, with PHD level pro-
grammes at their universities,
than the Bahamas needed to
reserve its position on engi-
neering and give the sector the
chance to get itself up to stan-
dard.
A draft copy of the EPA ser-
vices offer, previously obtained
by The Tribune, revealed that
the Bahamas wants to reserve


its position in two of the three
engineering services categories
- engineering services and
urban planning and landscape
architectural services on
access by EU engineering firms
to the Bahamian market. This
means that it would not allow
EU firms to set up subsidiaries
and branches in this nation to
compete directly with Bahami-
an engineers.
The only area where the
Bahamas is currently planning
to allow EU firms in is inte-
grated engineering services. Yet
even here, through the
Bahamas' 'horizontal' market
access commitments, which
apply to all sectors, any EU
firms coming in would have to
be approved by the Govern-
ment and still be subject to the
exchange control regime.
When it came to EU engi-
neering professionals entering
the Bahamian market, they
would also still be subject to the
Immigration Department and
work permit regime, with access
only given to those who can ful-
fill a specific need not met by
the Bahamian workforce.
Former director of works at
the Ministry of Works, Melanie
Roach, who is also to sit on the


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0
1,000
100
0
0
0
1,200
3,100
14,698
0
842
58,455
0
0
0
100
2,865
0
500
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committee, agreed that the
Bahamas' EPA on engineering
was too vital to submit without
thorough consultation. Her rec-
ommendation was that engi-
neers hold a special seminar on
the issue, as she felt a single lun-
cheon meeting was insufficient.
Ms Roach said the Bahamas
had a critical shortage of engi-
neers, particularly in the pub-
lic sector, as every time engi-
neers obtained additional qual-
ifications they were hired by the
private sector.
It was further noted by engi-
neers that there were very few
Bahamian engineers who had
contracts outside this country.
save a few in the Turks and
Cacios Islands. There were few
Bahamians who intended work
in other CARICOM nations or
the EU, implying that Bahami-
an engineers were unlikely to
avail themselves of any oppor-
tunities presented by the EPA
to make inroads into those mar-
kets.
At the meeting, Brickell Pin-
der, a senior economist at the
Ministry of
Finance, and Hugh Chase,
deputy director of economic
planning, explained that the
Bahamas was in the process of
submitting its services offer for
the EPA.
Ms Pinder pointed out that
the Bahamas has to make offers
in at least 118 services sectors.


$674,000 or $0.05 per diluted
share for the same three-month
period ending December 31,
2006. For the 12-month period
ending December 31, 2007, the
company reported record earn-
ings. Total revenues increased by
29 per cent to about $49.1 mil-
lion from $38.2 million in 2006.
General and administrative
expense rose to about $9.5 mil-
lion in 2007, versus $8.4 million in
2006. The company attributes this


increase to incremental hires,
increased management bonuses,
and higher directors' fees and
expenses. The company attribut-
es its successful 2007 financial
results to record revenues and
gross profits in all three of its
business segments in the year.
INVESTOR CORNER
Primary Market vs.
Secondary Market
A primary market is the initial
market that a company uses to


raise capital. In the primary mar-
ket, a company issues stock or
other securities by way of an ini-
tial public offering (IPO), where
an investor gives their money to
the company in exchange for
ownership or equity of the com-
pany. In the secondary market,
trading occurs between investor
to investor over a local exchange
to facilitate the trading of securi-
ties originally offered in the pri-
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* By Royal Fidelity Capital
Markets
IT was a week of moderate
trading activity in the Bahamian
capital markets, despite the short-
ened trading week in observance
of the long Easter holiday break.
During the week, 10 of the 19
public companies traded, of which
three advanced, two declined and
five remained unchanged. A total
of 82,860 shares changed hands.
Doctors Hospital Health Sys-
tems (DHS) led with 58,455
shares trading, or 70.55 per cent
of the market volume. DHS
gained $0.02 per share, ending
the week at a new 52-week high
of $2.48, after the hospital
announced that it had ended its
fiscal year 2008 with the highest
profit in the company's history.
Colina Holdings (CHL) followed
with 14,698 shares, declining by
$0.27 to close at $2.87.
The advance for the week was
Consolidated Water Company
BDRs (CWCB), due primarily to
increases in the share price on
international markets following
the release of fourth quarter and
year-end results. Commonwealth
Bank (CBL) declined most last
week, erasing some of the previ-
ous week's gains, with 1,200
shares trading, losing $0.31 to end
the week at $7.46.
COMPANY NEWS:
Earnings Releases:
Consolidated Water Company
(CWCO) released financial
results for the quarter and year-
ended December 31, 2007. Total
revenues for the three months
ending December 31, 2007, rose
by 34 per cent to about $12.5 mil-
lion, compared to $9.3 million for
the same period in 2006. Net
income climbed to $2.6 million,
or $0.18 per diluted share, an
increase of 296 per cent, from


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PAGE B, TESDAY MARH 25,2008THEITEBUN


NOTICE
NOTICE is hereby given that JACQUELINE JEAN PIERRE of
WHILE'S LANE OFF MACKEY STREET, P.O. BOX SS-5692,
NASSAU, BAHAMAS, is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who
knows any reason why registration/naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 17TH day of
MARCH, 2008 to the Minister responsible for Nationality
and Citizenship, PO.Box N 7147, Nassau, Bahamas.



Legal Notice

NOTICE


LUTHER HOLDINGS LTD.


VOLUNTARILY LIQUIDATED


Notice is hereby given that in accordance with section 137 (8) of the
International Business Companies Act 2000 the Dissolution of
LUTHER HOLDINGS LTD. has been completed, a Certificate of
Dissolution has been issued and the Company has therefore been struck off
the Register of Companies.

The Date of the Completion of dissolution was the 3rd of March 2008.



/*f
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I4 DOCTORS HOSPITAL


kDR. MEYER RASSIN
FOUNDATION
SCHOLAR RS H I PS












The Doctors Hospital Dr Meyer Rassin
Foundation is pleased to announce
thal applications are now being
accepted for scholarships and
finanoal assistance for students
pursuing healthcare careers.

Applicants must be Bahamian citizens
and return to the Bahamas upon
completion of their studies.


Application forms are available on our
website at www.doctorshosp.com.
Only completed applications with
required documentation submitted
wil be considered.

Deadline for submission of completed
application forms and all supporting
documentation is April 30, 2008.


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Family Guardian to list three


FROM page 1B

income securities, and another
focused on equities.
"It allows us to more ade-
quately match people's invest-
ment profiles than if we just had
one fund. They may choose to
focus on one sub-fund or a per-
centage of each. It allows us to
be more specific."
Ms Hermanns said Family
Guardian's focus on wealth
accumulation and pension funds
was designed to meet current
and anticipated market


demand. With the Bahamian
population demographics
expected to change in the next
few decades, and an increasing
percentage of this nation's citi-
zens projected to be above or
near retirement age due to peo-
ple living longer, the demand
for retirement income is set to,
become ever-stronger.
"What we are attempting to
do under Family Guardian is to
offer life insurance, health insur-
ance and wealth accumulation
products," the Family Guardian
president explained.
"This is a broader strategy in


Legal Notice

NOTICE


BLUE MANAGEMENT COMPANY LTD.


VOLUNTARILY LIQUIDATED


Notice is hereby given that in accordance with section 137 (8) of the
International Business Companies Act 2000 the Dissolution of BLUE
MANAGEMENT COMPANY LTD. has been completed, a Certificate of
Dissolution has been issued and the Company has therefore been struck off the
Register of Companies.

The Date of the Completion of dissolution was the 3rd of March 2008.











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investment management for the
purpose of accumulating wealth
and preparing them for retire-
ment.
"There is clearly a demo-
graphic shift that will see the
development of assets in retire-
ment becoming a very impor-
tant part of people's financial
planning. We are positioning
ourselves to be meaningful to
our current client base and oth-


er people out there."
Ms Hermanns, meanwhile,
said Family Guardian was able
to translate financial perfor-
mance trends for the first nine
months in fiscal 2007 into its
full-year results for the 12
months that ended on Decem-
ber 31, 2007.
Adding that the audited
financial statements for the
FamGuard parent were likely
to be released in April, Ms Her-
manns told The Tribune:

SEE next page


Kingsway Academy


Kingsway Academy, invites applicants from
qualified and experienced candidates for teaching
positions at both Elementary level and all subjects at
the High School level (grades 7 through 12).


The successful candidates should have the following;
* An Academic Degree in the area of specialization
* A Teaching Certificate
* Excellent Communication Skills
* A love for children and learning
* High standards of morality
* Be a born again Christian


Letters of application together with a recent color
photograph and detailed Curriculum Vita (including
the names and address of at least three references,
one being the name of one's church minister) should
be forwarded to:


Ms. Kelcine Hamilton
Academy Affairs Manager
Kingsway Academy Business Office
Bernard Road
Nassau, Bahamas


Deadline for applications is
Friday March 28, 2008
*


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

Caura Corporation

Notice is hereby given that in accordance with Section 138
(8) of the International Business Companies Act, (No. 45
of 2000), the Dissolution of Caura Corporation has been
completed, a Certificate of Dissolutiorhfis been issued and the
Company has therefore been struck off the Register. The date
of completion of the dissolution was the 12th day of March,
2008.




Al-t 9June Tohnson
L' idator


k


MeTinbun


PAGE 4B, TUESDAY, MARCH 25, 2008


i


THE TRIBUNE







THE TRIBUNE TUESDAY, MARCH 25, 2008, PAGE SB


sub-funds on BISX


FROM page 4
"We're very pleased with 2007.
It was a great year for us. We
were certainly well above 2006's
results up to September 2007,
and that trend did not change
for us."
Apart from its capital mar-
kets business, Ms Hermanns
said a further focus for Family
Guardian in 2008 was to devel-
op its general insurance agency
business.
"We have been talking about
the expansion of our general
insurance business," she added.
"We have a general insurance
agency that we hope to expand
on in 2008, and we hope to push
on that more aggressively in the
second half."


Family Guardian is also
working on establishing a phys-
ical base for its Exuma-based
agents, and is now renovating
office space it has leased in
George Town.
"We are expanding in Exu-
ma. We have leased some space
in George Town, which will
house our existing operations,
and are making improvements,"
Ms Hermanns said. "The Exu-
ma agents did not previously
have a physical office space, and
that should be open during the
second quarter."
Family Guardian, she added,
had also acquired extra park-
ing space for its new property,
the former IBM House at the
foot of Paradise Island Bridge.
Construction work and renova-


tions to the property, which
houses the company's financial
services, group life and health
(BahamaHealth) and cen-
tralised client services opera-
tions, is set to be substantially
completed by end-April 2008.
Ms Hermanns said the extra
parking space, having acquired
several tracts of land in the adja-
cent 'Pond' neighbourhood,
would further boost customer
service and experience quality.



on M ndas-


Royal Island (Bahamas) Limited




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

Superintendents
Project Engineers

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

Interested persons should submit their resumes with cover letter to:

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

Fax to: (954) 745-4399

Or Email to:
aileen.miller@royalislandbahamas. com

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




Public Utilities Commission



PUBLIC NOTICE

PUBLIC. CONSULTATION

PROPOSED INDIVIDUAL LICENCE FOR THE RESALE
OF VOICE TELECOMMUNICATIONS SERVICES

The Bahamas' regulator of the telecommunications sector, the Public
Utilities Commission (PUC or the Commission), is pleased to invite
comments on its consultation document on the Proposed Individual
Licence For The Resale of Voice Telecommunications Service within,
into and from The Bahamas.

The consultation document discusses the proposed Licence, including
the nature and scope of the Licensed Services and the high-level obligations
that the Licensee will be required to comply with.

The objectives of this public consultation are to:

a) advise current licensees, prospective licensees, stakeholders and
the public of the proposed Licence; and

b) invite comments from current licensees, prospective licensees,
stakeholders and the public.

Section 6(5) of the Telecommunications Act, 1999, requires the
Commission to publish the proposed Licence and allow a reasonable
period of consultation and take into account any objection or suggestion
made by persons affected by the proposed Licence before adopting the
said Licence. At the conclusion of this public consultation the Commission
will issue a Statement on the Results of the Public Consultation.

The public consultation document can be obtained from the Commission's
office located at 4t Terrace East, Collins Avenue, Nassau or downloaded
from the Commission's web site at www.pucbahamas.gov.bs. Written
comments should be submitted by 7th April, 2008 via post, hand delivery,
facsimile or e-mail to:
Mr. Barrett Russell,
Executive Director
Public Utilities Commission
P.O. Box N 4860
Fourth Terrace East, Collins Avenue
Nassau, Bahamas
Telephone: 242 322-4437
Fax: 242 323 7288
Email: PUC@pucbahamas.gov.bs.


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:


SALES REPRESENTATIVE -

PROFILE:
Series 7 qualification
2-3 years experience in sales
Abuty to manage multiple priorities / excellent organizational skills
PLEASE SUBMIT BEFORE Ability to work with minimum supervision
March 28t, 2008 to: Strong interpersonal, problem solving and customer service skills
Demonstrated written and verbal communication
HUMAN RESOURCES
Microsoft Office proficiency
Re: Sales Representative
51 Frederick Street RESPONSIBILITIES WILL INCLUDE:
P.O. Box N-4853
Promotion and distribution of various investment products of the
Nassau
F: 326.3000 company
careers@royalfidelity.com Solicitation of new account holders and attainment of established
sales targets
[ABSOLUTELY 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.


U


The Leicester




th AMBA



Study the most popular international distance
learning MBA in the Caribbean

Earn your degree from a UK top 20 and World Top 200
University

All study materials and tutor support fully included
in tuition fees of $12,600 (US)

Flexible, interest-free payment plans available

Continue to work while
you study

No mandatory overseas
travel requirements B J


S/


/
'/-


TUESDAY, MARCH 25, 2008, PAGE 5B


THE TRIBUNE


',






PAGE 6B, TUESDAY, MARCH 25, 2008


THE TRIBUNE
_________________________________________________________f I__i


A copy of the proposed bill is on

the BCA website at:

www.bahamiancontractors.com

Please use the "contact us" section

to email your comments.

Written comments may be

dropped off at our office in the

Chamber of Commerce building

or faxed to 322-4649.





MUST SELL

VACANT PROPERTY

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

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

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

Interested persons should submit
offers in writing addressed to:

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

Serious enquiries only




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 Financial Controller,
P 0 Box N 4271, Nassau, N. P., The Bahamas
or email financialcontrollerposition@yahoo.com


Disclosure issue 'coloured judge's



view' over Port receiver discharge


FROM page 1B


a receiver and manager ought
not to have been appointed
over a company with local
authority or quasi-governmental
powers" such as the GBPA.
The other reason, which Jus-
tice Adderley said was good
enough to set aside the GBPA
receivership on its own, was that
the St George estate's attorneys
made a "material non-disclo-
sure" of a previous order by
Justice Lyons, requiring all par-
ties to be present for a hearing
on whether receivers should be
appointed, when they went
alone before Justice Thompson
on a weekend.
However, the 'material non-
disclosure' assertion is being
challenged in the St George
estate's appeal, with the estate
alleging that Justice Adderley
"misdirected himself" on the
issue, and failed to give it any
notice that the receivership was
to be discharged on these
grounds.
As a result, the St George
estate is alleging that it was


deprived of its right to a fair
hearing in breach of Article
20(8) of the Bahamian consti-
tution.
''The learned judge misdi-
rected himself in finding in the
receivership judgment that the
plaintiffs [the St George estate]
had failed to disclose the Lyons
order to Justice Thompson," the
Notice of Appeal alleged.
"The plaintiffs had fully and
properly disclosed the Lyons
order to Justice Thompson, as
the plaintiffs would have been
able to demonstrate in clear
terms to the learned judge had
either the [Hayward] defen-
darits or the learned judge at
any stage alleged that there had
been such non-disclosure."

Alleged

The St George estate alleged
that the Lyons order was
attached as an exhibit to its affi-
davit evidence, with full disclo-
sure put before Justice Thomp-
son in its written submissions
of November 22, 2006.
"The Learned Judge took
such a serious view of the
alleged non-disclosure of the
Lyons Order to Justice Thomp-


Legal Notice

NOTICE


WADMEDANI LIMITED




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




ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE


GINAL HILL VIEW LTD.




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




ARGOSA CORP. INC.
(Liquidator)


son that it coloured his entire
view of the case, and in so far as
he gave any additional reasons
for supporting his conclusion,
no safe reliance can be placed
upon-them," the St George
estate's notice of appeal alleged.
The estate also denied that
there had been 'material dis-
closure' in relation to the
GBPA's quasi-governmental
powers, arguing that this was
again placed before Justice
Thompson. In addition, its
attorneys alleged that "notwith-
standing" the GBPA's quasi-
governmental powers, the
courts still had the ability to
apply Section 280 of the Com-
panies Act and appoint a receiv-
er.
"Although not necessary for
his ruling, the learned judge
misdirected himself in his views
that the appointment of a
receiver was too severe a reme-
dy," the St George estate
alleged. .
"As was apparent, in particu-
lar from the evidence of the
receivers and managers of the
GBPA and Port Group Ltd,
such companies have prospered
during the receivership, and the
receivership has not damaged
such companies.
"The alternative system of
protection and control preferred
and ordered by the learned
judge carries a greater risk of
conflict, which could damage
the interests of such compa-
nies."
In discharging the receivers,
Justice Adderley had ordered
that both Sir Jack Hayward and
Lady Henrietta St George, or
someone appointed by them, sit


on the GBPA and Port Group
Board of Directors. To main-
tain the balance and prevent
any one side from being
favoured, the judge ordered
that the pair had 21 days from
his March 7 ruling to name an
independent chairman, who
would have a casting vote. Fail-
ure to do so would require them
to make a new application to
the court or appoint a media-
tor.

Appeal

The St George estate's appeal
is also challenging Justice
Adderley's finding that the
Hayward defendants had been
unable to have their summons-
es to discharge the receivers
heard by Senior Justice Anita
Allen for more than 14 months.
Instead, the estate alleged that
she had part heard one of the
summonses, but had given a
case management ruling on
June 20, 2007, to adjourn all
remaining actions until the trial
on Sir Jack Hayward's claim to
75 per cent GBPA and Port
Group Ltd ownership was
heard.
That ruling was handed down
on August 31, 2007, and the'St
George estate alleged that no
attempt was made to have the
receivership summonses heard
after that time,
"In the premises, the learned
judge's finding that the defen-
dants had not been given a fair
hearing of their summonses
within a reasonable time was
wholly erroneous and unfairly
critical of Senior Justice Allen,"
the St George estate alleged.


Legal Notice


NOTICE


ALGONQUIAN INC.
(In Voluntary Liquidation)



Notice is hereby given that the ab6oe-named Comripany is,
in dissolution, which commenced on the 19th day of March
2008. The Liquidator is Argosa Corp. Inc., P.O. Box N-7757
Nassau, Bahamas.




ARGOSA CORP. INC.
(Liquidator)




Legal Notice
NOTICE


MAXIWAY INC.

-- r--


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




ARGOSA CORP. INC.
(Liquidator)




Legal Notice


NOTICE


VOUTOS

INTERNATIONAL CO. LTD.
(In Voluntary Liquidation)



Notice is hereby given that the above-named Company is
in dissolution, which commenced on the 19th day of March
2008. The Liquidator is Argosa Corp. Inc., P.O. Box N-7757
Nassau, Bahamas.




ARGOSA CORP. INC.
(Liquidator)


I Invites final comment on the proposed

CONTRACTORS BILL 2007


Pricing Information As Of: C F A L'"
Thursday. 20 March 2008
.ISt i a T'rA .ED SECURITIES VISIT WWW BISXBAHAMAS COM FOR MORE DATA & INFORMATION
;" Bai f R INDEX: CLOSE 2.003.45 / CHO 0 74/ %CHG 0 04 / YTD -63 30 / YTD % -3.06
52s-H 52ik-.Lo_ Securil y Pre.a ou C1ose T,:,,aa's Clse o Change LnDal, 1 EPS i Di. 7 P E 9 ena
1.90 0.78 Aoaco MarKets 1 8i. 1 89 .'u'.' L I. 57 0000 12 C. 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 0.643 0.160 14.9 2.71%
0.99 0.85 Benchmark 0.99 0.99 0.00 1,000 0.188 0.030 5.3 3.03%
3.74 2.10 Bahamas Waste 3.66 3.66 0.00 0.289 0.090 12.7 2.46%
2.70 1.30 Fidelity Bank 2.60 2.60 0.00 0.058 0.040 44.8 1.54%
13.62 10.33 Cable Bahamas 13.62 13.62 0.00 1.093 0.240 12.5 1.76%
3.15 2.10 Colina Holdings 2.87 2.87 0.00 0.031 0.040 92.6 1.39%
8.50 4.67 Commonwealth Bank (S1) 7.45 7.46 0.01 2,100 0.428 0.270 17.4 3.62%
7.22 3.60 Consolldated Water BDRs 4.66 4.78 0.12 0.157 0.052 29.7 1.12%
2.48 2.20 Doctor's Hospital 2.46 2.48 0.02 58,455 0.316 0.040 7.8 1.61%
7.90 5.94 Famguard 7.90 7.90 0.00 0.713 0.260 11.1 3.57%
13.01 12.45 FInco 12.92 12.92 0.00 0.810 0.570 16.0 4.41%
14.75 13.95 FirstCarlbbean 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 1.059 0.610 11.6 4.96%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00%
Fidelity Over-Trna Counter Securities
52U ls.Hr '2Ai"Lo.% S) rmbcr Bu i 091 1 L.'-l. Pr,:- .'.sBe j 1 E.5 I Dl. I.P EI I Yield
14.60 14.25 Bahamas Supermarkets '1 6c. 1- .:. 1.1 i ,.,: i ),a i It,,' .:,0 13 4 6 1 -.
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.35 0.40 0.35 -0.023 0.000 N/M 0.00%
S' Colina Over-The Counler Securities
41.00 41.00 ABDAB 41.00 43.00 41.00 4.450 2.750 9.0 6.70%
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 0.900 13.4 6.16%
0.55 0.40 RND Holdings 0.45 0.55 0.45 -0.023 0.000 N/M 0.00%
BISX Listed Mulual Furds
52S.,-H1 -AK-LGA Fund Names j4 N T.C- L#St 12 Months DIv $ Yield %
1 3041 1 2037 Colina Bona Fur.a I ,04 1-3" 0.94% 5.70%
3.0008 2.6254 Collna MSI Preferred Fund 2.982729' -0.60% 14.89%
1.3837 1.2647 Collna Money Market Fund 1.383727** 0.63% 3.89%
3.7969 3.1424 Fidelity Bahamas G & I Fund 3.6651" -3.47% 18.28%
12.0429 11.4467 Fidelity Prime Income Fund 12.0429" 0.92% 5.69%p/
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 Faenity Inrernailonal In.estmen, Fund 9.6433' -0.20% -8.16%
S' . FINDEX CLOSE 000.00 / YTD 0.00% / 2007 34.47%
B.' S ALL I-IH E INC 19 D ,oc :.2 = I :.1C) J MARKET rERMS YIli1 -, In, 1month llvin.lis divlod Iy l ll viirl i N V KLY
52wk-HI Highest closing price in last 52 weeksl id $ 1lyl0n prilc.n (f 111.. 111.1nd I Idnllly
52wk-Low Lowest closing price In last 52 weeks Ask $ Su11llli, pI.C of COlI l lll n ld ldlltyL .') I nlrury 210110
Previous Close Previous day's weighted price for dally volume Ln.l Pice I lirnt tlrudIl over-t-lln-(o;unlror pricr i 31 n;Blemeir 2007
Today's Close Current day's weighted price for daly volume Wooekly Vul -I rldlng volt1mu of 1lio prior wok "*" 14 M rch .20110
Change Change in closing price from day to day EPS $ A ;olmr)Irny'p rlpoler l .l rinrlll per -hnrl) for Itlo hi1.t 12 mthi
Daily Vol Number of total shares traded today NAV Not A!;.It Volou
DIV $ Dividends per share paid in the last 12 months NIM Nol Moulningful
PIE Closing price divided by the last 12 month earnings FINDEX- thne Fidelity Bnhnmls Stock Index Jlnninry 1, 1994 1001
(S) 4-for-I Stock Split Effective Date 8/812007
S1 ... FIDELITY242-36.774 I FOR MORE DATA & INFORMATION CADae'242 2394-503
TE / !IM 4lS i,-&tf.24p-a08-7010 / FIDELITY 242-3B6-.774 / FOR MORE DATA & INFORMATION CALL (242) 394-2503


BUSINESS





,THE TRIBUNE


-AISX awaits first secondary listing \


( FROM page 1B
panies' debt securities can trade
ose instruments, linking them
with investors who are active
or potential traders of ordinary
stocks.
q(| Investors in secondary secu-
- cities offerings will thus be pro-
l iided with greater transparency,
price discovery and greater
options and diversity through
ifceing able to trade them on a
ficentralised, formalized market.
0 Instead, of being forced to hold
-[these securities or trade them
with other holders, the aim is
nto create a market for them.
-ai Among the candidates for the
first secondary listing are Fideli-
ty Bank (Bahamas), which in
the offering memorandum for
its $15 million bond issue placed
I-in mid-2007, stated its intention
o to list them on the exchange.
Sr! Caribbean Crossings' $10 mil-
niion preference share issue, the
-?Cable Bahamas affiliate's pri-
.maary offering to Bahamian
Investors, are also a potential
.zAarget. They are currently listed
1Iw
ard


on the Over-the-Counter mar-
ket.
Listing these securities will
add to the pool of investment
options in the Bahamian capital
markets, expanding the options
Bahamian investors have.
Meanwhile, Mr Davies said
the arrival of a fourth BISX
broker/dealer member last
week, in the shape of Family
Guardian affiliate, FG Capital
Markets, indicated there was
further room to grow the
domestic Bahamian capital mar-
kets.
The BISX chief executive
said its emergence would bring
a fresh "perspective" to the
Bahamian capital markets, and
benefit investors by introduc-
ing extra competition alongside
established broker/dealer mem-
bers CFAL, Royal Fidelity Cap-
ital Markets and SG Hambros.
"What it shows is that what I
predicted initially, in focusing
inwards, is having success," Mr
Davies said of the FG Capital
Markets development.
"Companies are beginning to


realise the untapped market
here in the Bahamas. It's not
fighting over market share; it's
growing the overall market, as
our market has a way to grow.
"There are multiple securi-
ties, multiple structures we can
do. We have a long way to go to
instill the investment culture"
throughout the Bahamas.
Mr Davies added: "Compe-
tition is always good for the
market,,and what this [FG Cap-
ital Markets] will do is get the
creative juices of the
broker/dealer members going.
They have an opportunity to
grow the market, and FG will
bring a new energy, new ideas,
and new perspective on the
market to help us grow it as a
whole.
"We see a steady stream of
business coming our way. Our
fund business is growing steadi-
ly, and we expect to add a few
funds in the near future.
"For too long we've [BISX]
talked about what we can do.
We can show you better than
we can tell you."


INDUSTRIAL/LABOUR 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










Core responsibilities:

* Manages a branch in Nassau with approximately thirty
employees.
* Plans branch's work on a weekly and monthly basis,
including setting goals, adjusting priorities and
deadlines.
* Provides leadership in area of consumer and
mortgage loans.

Knowledge, Skills and Abilities:

* Bachelor's degree, plus five (5) years banking experience.
* Core knowledge of accounting and finance to track and manage
budgets.
* Knowledge of Banking laws, including requirements of The
Central Bank of The Bahamas which governs Commercial
Banking.
* Strong supervisory skills to manage staff, build teamwork, as
well as excellent customer service skills.
* Strong oral and written communication skills as well as to
interact with staff, the general public.
* Time management and organizational skills.


Benefits include: Competitive salary commensurate with
experience and qualifications; Group Medical (includes
dental and vision) and Life Insurance; Pension Scheme.


Interested persons should apply no later than
March 31st, 2008 to:


DA 60935
c/o The Tribune
P.O. BoxN3207
Nassau, Bahamas


TUESDAY, MARCH 25,2008, PAGE 7B


GLOBAL
UNITED

Global United Limited
and UPS are proud to
announce their new
partnership in the!Bahamas.

Starting February 25, 2008,
GUL became the new
service contractor for UPS
providing international
shipping, customs clearance
and brokerage services to
customers in the Bahamas.

Customers can contact GUL
at the following service
locations for all their
shipping needs:


Global United Limited
26 Airport Industrial Park Avenue
Nassau, Bahamas
Telephone: 242-377-0164
The GUL Store
One'Sandyport Plaza
West Bay Street
Nassau, Bahamas
Telephone: 242-327-6045
Global United Limited
The GUL Store
No. 5 Seventeen Mall
Freeport, Grand Bahama
Telephone: 242-351-7433


Citco Fund Services is a division of the Citco Group of Companies and is the
largest independent administrator of Hedge Funds in the world wiJ offices in Curarao,,
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 for 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
* HR 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 employee, i'it
* 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 HR
initiatives.

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





PAGE 8B, TUESDAY, MARCH 25, 2008


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