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Permanent Link: http://ufdc.ufl.edu/UF00084249/00986
 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 28, 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: UF00084249:00986

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104 No.105


FRIDAY, MARCH 28, 2(


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PRIME Minster Hubert
Ingraham defended his Min-
ister of State for Finance
Zhivargo Laing again in the
House of Assembly from
Opposition members who
have demanded his resigna-
tion in what has now been
dubbed the "Mona Vie"
scandal.
Answering questions
raised by PLP MP for St
Thomas More Frank Smith,
Mr Ingraham read letters
from the former Comptroller
of Customs to Mr Laing's
sister-in-law Monique Laing
and Mr Laing's letter to the
Controller of Customs.
However, as the PM began


to read the letters, the PLP
leader of business in the
House, Dr Bernard Nottage,
objected to Mr Ingraham
using the time for private
notices to read a statement
to Parliament.
Overcoming this obstacle,
Mr Ingraham simply began
his comments by stating:
"Mr Speaker, at the next
seating of the House, I will
give notice that I will put
into the records of the
House the following letter"
- and then began to read
the letters in full.
Reading from a letter dat-
ed October 4, 2007, to
SEE page eight


Dwight and Keva Major's

dismissed appeal restored
* By NATARIO McKENZIE
ATTORNEYS for Dwight and Keva Major were successful yester-
day in their attempt to have a dismissed appeal restored by the appel-
late court.
The Court of Appeal yesterday ruled that the appeal by the Majors
against a ruling by Supreme Court Justice Jon Isaacs be restored as Jus-
tice Ganpatsingh noted that the court was not in a position to say
that there was no good and sufficient cause why the appeal should not
be restored.
The Majors had made an application for relief before Supreme
Court Jon Isaacs, claiming that their constitutional rights were being
infringed upon due to the conditions under which they were being
detained at Her Majesty's Prison. According to the Majors' attorney
Koed Smith, Dwight Major who needs surgery for a medical condition
has still not had his surgery, having been detained at Her Majesty's
SEE page 12


in in House


SENATOR Allyson Maynard-Gibson talks with PLP
supporters outside of the Election Court yesterday.


Source backs claim that
grounded oil tanker did not
have local pilot on board
* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
A HIGH level source has backed up information
previously received by The Tribune about the cause of
the grounding of an oil tanker off the coast of New
Providence in February.
The well informed source confirmed that investiga-
tions thus far have revealed that the ship did not have
a local pilot or navigator on board when it ran
aground off Goulding Cay as it headed to unload at
Clifton pier.
The possibility that the 44,788 ton tanker's ground-
ing came about as a result of the absence of such an
individual was first raised by The Tribune in a press con-
ference attended by minister of labour and maritime
affairs Dion Foulkes and several Shell representatives,
among others, on March 3.
Such an individual would have been expected to


SEE page eight


Witness hits

out at Laing

attorney
By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
A WITNESS for Pleasant Bridgewater
told Fred Smith, Zhivargo Laing's lead
attorney, yesterday that he is "rude" and
"insulting" after the attorney accused her
of not telling the truth in Election Court.
The accusations between Mr Smith
and Cabrena Adderley, an election poll
captain for Ms Bridgewater occurred at
the end of yesterday's session as Mr
Smith was cross-examining the witness
on visits to her daughter in Florida during
the six-month period in the run up to the
last election.
Boushoul Adderley, the voter in ques-
tion and daughter of the witness, is an
airline mechanic for American Airlines
whose vote is being challenged by Mr
Laing. Ms Adderley. her mother testi-
fied, is a roving employee for the com-
pany who is sent to different parts of the
United States, and the Caribbean to
repair planes. She has a residence in Ft
Lauderdale, Mrs Adderley testified, and
lives at 26 Coco Plum Street, Pioneer's
Loop, Grand Bahama, when she is in the
Bahamas. This residence is in Marco City.
Mr Smith ,liem L Li' c1\ pressed the wit-
ness on when she visited her daughter
during the six-month period, and Mrs
Adderley responded by telling the court
that she was not able to specifically recall
the dates of the visits.
Mr Smith repeatedly asked her when
SEE page 12


Man arrested
after kilo of
cocaine seized
at GB airport
By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net
FREEPORT DEU officers
seized one kilo of cocaine arid
arrested a male resident of New
Providence at the domestic ter-
minal at Grand Bahama Inter-
national Airport.
Chief Supt Basil Rahming,
press liaison officer, reported
that the suspect is a 27-year-old
resident of Shirley Street, Nas-
sau.
He said that the arrest was
made around 7.30pm on
Wednesday after officers
noticed a man acting suspi-
ciously inside the terminal.
The man was escorted to a
screening room where officers
retrieved a plastic package con-
taining cocaine from inside his
underwear.
Mr Rahming said the drugs
have an estimated street value
SEE page 12

PMH confirms
that cancer
medication
has now been
restocked
* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
PRINCESS Margaret Hospital
yesterday confirmed that the can-
cer medication Zoladex has not
been available in the 10.8 mg
dosage since February. 21 is,. but
has now been reordered and
restocked.
This statement by PMH was
made yesterday in response to
concerns by patients that supplies
of the medication, used to fight
prostate and breast cancer, had
run out in the Bahamas.
A concerned prostate patient
contacted The Tribune on
Wednesday stating that he had not
received his Zoladex injections as
prescribed by his doctor.
Yesterday. the patient told Theu
Tribune that he was finally able
to receive his necessary injection.
albeit with a more than three-
week delay.
SEE page 12


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ialq illRap Ro.dl( Near Shirlev SMrel h 1: rP4.- 11 5 OR 1<>4-1 V-
i[leIi W NOe l' I(,l (t time iinmi, ,l ,.' ,,.hal's happening!


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Ingraham reads letters

from former Comptroller

of Customs and Minister

of State for Finance


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- -








PAG 2FIDA, ARH 28,2008TLOCALNEWS -ofIHETI BUNE


City dump blaze

continues to emit

foul-smelling smoke

* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
INTENSE and foul-smelling smoke continued to fill the air in the
Jubilee Gardens' area yesterday as firefighters spent a third con-
secutive day attempting to put out the blaze at the city dump -
which a few days ago threatened to engulf hundreds of homes.
In addition to three fire engines, heavy duty excavation machines
were on site yesterday to cut a clear path to the areas where the fires
are burning.
While the main focus of yesterday's efforts was to disburse the
harmful smoke, Assistant Superintendent Walter Evans told The
Tribune that a priority was to ensure the personal safety of all
firefighters, police officers and environmental health specialists
who are working together to ultimately extinguish the blaze.
Strong winds in the area of the city dump yesterday were not
making the fight against the massive fire any easier.
"The breeze is blowing right in the direction of the residences,"
Mr Evans said.
Although the fire remains contained at the garbage site, Mr
Evans said that the Fire Branch, environmental health officials
and the police once again worked all day to ensure that the fire did
not spread to the homes of the nearby Jubilee Gardens Subdivision.
Mr Evans said that in some areas of the city dump where the
garbage is piled high, flames could be seen burning as high as 20
feet.
In other areas, he added, fires are burning underground. At this
time, it is unknown how long it will take to completely extinguish
the fire.
In years past, fires at the city dump have burned for months at a
time.
Despite the unpleasant and dense smoke in the Jubilee Gar-
dens area, Mr Evans said he is not aware of any persons who had
to be taken to hospital because of smoke inhalation.
However, the Flamingo Gardens clinic remains on standby to
admit patients suffering from any effects of the fire and to treat
them as quickly as possible.
Minister of Health Dr Hubert Minnis said on Wednesday that
although protocols are in place to prevent such incidents from
happening, fires are bound to occur from time to time at the city
dump.
To eradicate the problem, Dr Minnis said that government
should in future look to completely destroying the site and turn to
recycling and mulching procedures.
Of the garbage accumulated in New Providence, he said, at least
40 per cent can be recycled, while 15 to 20 per cent can be mulched.
These practices would lead to the removal of at least 60 per
cent of garbage from the city dump, Dr Minnis said.




MAIN SECTION
Local News ........P 1,23,3,,78,10,1 2,A134
Editorial/Letters....................... .........P4
Advts ....P......;.......................,P9,11

BUSINESS SECTION .
Business ..:.........- -- ,3.,.6,8
Com S ....... ...... ..........

CLASSIFIED SECTION 36 PAGES

USA TDA.4.:SETR PAG-

INSERTS F.Y.R LTD."

SPORTS SECTION
Local Sports......................................P..,2, 15
USA Today Sports............ ..... ..3 -14'
Weather... ....................................P16 ,


Public urged to attend




'alternative' meeting on




proposed free trade deal


Civil society group criticises govt for failing to inform Bahamians


0 By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
AN anti-EPA civil society
group is set to hold an "alterna-
tive town meeting" on the pro-
posed Economic Partnership
Agreement next month.
The group, Bahamians Agitat-
ing for a Referendum on Free
Trade (BARF), which argued
against the Bahamas joining the
Caribbean Single Market and
Economy (CSME), says the
meeting is needed because the
government is "not acting respon-
sibly" in terms of appraising the
public of the implications of the
free trade agreement.
The College of the Bahamas;
in conjunction with the Ministry
of Finance, held a town meeting
on the EPA earlier this month in
which pamphlets containing sum-
marised information about the
agreement were available and
presenters, including Minister of
State for Finance Zhivargo Laing,
Trade Commission chairman
Philip Delaney, and Chamber of
Commerce executive director
Philip Simon gave their views on
the content of the agreement and
its potential implications.
However, Messrs Moss and
Thompson claimed that the meet-
ing was "one sided" and that the
pamphlets contained "selective
snippets" of information from the
EPA.
The two attorneys say the EPA
- which is between European
Union and African, Caribbean
and Pacific countries (ACP) and
calls for liberalisation of markets
- is "CSME by the backdoor" as
it contains many references to
greater regional integration.
Mr Laing, meanwhile, contends
that there are "stark differences"
between the CSME and the EPA.
He also explained earlier this.


month that government believes
the lengthy "rollout period" for
the trade agreement allows "suf-
ficient time for (the Bahamas) to
ensure that our adjustment is not
a disadvantage to ourselves as the
government or as the private sec-
tor."
BARF has called for govern-
ment to allow the public a longer
period of time to be brought up to
speed on the EPA and then an
opportunity to vote on the "criti-
cal" issue. Mr Moss told The Tri-
bune that the document is more
than 1,000 pages long and "very
technical."
While allowing such an oppor-
tunity would require the Bahamas
not to meet the June sign-on
deadline, and thereby possibly
lose trade advantages in Euro-
pean markets, Mr Moss down-
played the economic benefit of
that access and described it as a
"fair" price to pay for greater


education and input from the
Bahamian people.
Asked yesterday whether he
was aware of any other countries
having a referendum on the EPA
- as he is calling for the Bahami-
an government to provide to- its
citizens Mr Moss said he was
not, but claimed this country's
"special place and uniqueness in
world trade" would justify such
an action.
Mr Laing has previously told
The Tribune that the government
intends to do what it can to edu-
cate the public on the EPA -
which first came under discussion
around seven years ago prior
to June.
However, he also indicated that
while in an "ideal world" a refer-
endum would be held, World
Trade Organisation deadlines
meant that it was "not practical."
Also present at the BARF con-
ference yesterday were Bahamas


"Our
children's
future is at
stake. This
is 1,000
miles hotter
than the
gambling
issue."

Micklyn Seymour

Democratic Party deputy leader
Omar Smith and Pastor Micklyn
Seymour, president of the group
Bahamas in Prophecy.
Mr Smith denounced govern-
ment's handling of the issue,
claiming they have exhibited
"rank arrogance" in their actions
thus far.
Both he and Mr Seymour
called on the Bahamian public to
seek to educate themselves about
the agreement. Mr Seymour said
that church leaders in particular
should attempt to grasp the
details of the agreement.
"Our children's future is at
stake," said Mr Seymour, adding:
"This is 1000 times hotter than
the gambling issue."
The meeting is set to be held at
8pm on.April 1.auae College.,f
the Bahamas' UWI restaurant
The full text of the EPA can "e
accessed at www.crnm.org.


Airlines official denies reports of engine fire


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
A CONTINENTAL Airlines
official has denied reports that
an engine caught fire during one
of its flights to Nassau this
week.
Sources contacted The Tri-
bune claiming that passengers
on a Continental flight from Ft


Lauderdale to Nassau on Tues-
day night had a harrowing expe-
rience after an engine caught
fire mid-flight.
The Tribune received reports
stating the plane landed abrupt-
ly at the Lynden Pindling Inter-
national Airport at 9.49 pm, and
that the pilot had to perform an
emergency landing.
The sources said that no pas-
sengers were hurt during the


incident as the pilot made a safe
landing.
However when The Tribune
contacted representatives from
Continental Connections in
Nassau, they denied these
reports.
Jerry Smith, vice president of
passenger service at Continental
Connections,,told The Tribune
that as far as he knew, the inci-
dent did not occur on a Conti-


nental Airlines flight. Messages
left for Eddie Rogers, manager
at Continental Connections,
were not returned up to press
time yesterday.


WIN $1,000 towards a new car!!!


at the 19th Annual Bahamas Motor


Dealers Association's New Car Show


Fill out the attached

entry form and become ,0OO

eligible to win!!!

Fill out the attached entry form and become eligible to win a $1,000 dollar
voucher towards the purchase of a new car from participating auto dealers OCIA
at the Bahamas Motor Dealers Association's New Car Show at the Mall at
Marathon -Show dates Friday, March 28th and Saturday, March 29th, 2008.



N am e : ...............................................................................
A ddress:...............................................................................


Telephone number (home): .................................................
(ce llu la r) .................................................. ................... ........
* Complete entry form and deliver to The Tribune daily through March 28.
* Only entry forms delivered by Friday, March 28 by 8pm at the center of the Mail are eligible to win.
* Enter as many times as you wish.
* Original newsprint only. Photocopies are ineligible.


I ECONOMIC PARTNERSHIP AGREEMENT I


PAGE 2, FRIDAY, MARCH 28, 2008


THE TRIBUNE







THE ~ ~ ~ ~ ~ ~ ~ ~ OA TRBNNRIAEMRCW8S00,PG


0 In brief

US announces

final rule for
land and sea
portion of

travel initiative

THE United States Depart-
ment of Homeland Security
and the US Department of
State yesterday announced the
final rule for the land and sea
portion of the Western Hemi-
sphere Travel Initiative.
The WHTI final rule, which
requires travellers to present a
passport or other approved
secure document denoting cit-
izenship and identity for all
land and sea travel into the
US, will come into effect on
June 1, 2009.
The final rule will also
establish document require-
ments for travellers entering
the US who were previously
exempt, including citizens of
Canada and Bermuda.
"We are on course to imple-
ment and enforce the West-
ern Hemisphere Travel Ini-
tiative which is an important
step forward in securing the
homeland," said Homeland
Security Secretary Michael
Chertoff.
"Limiting and standardising
the types of documents pre-
sented will result in a more
secure and efficient border.
We will continue to encour-
age cross-border travel and
trade while at the same time
decreasing identity theft and
fraud."
During a meeting with US
President George Bush in
Washington, DC, last Thurs-
day, Prime
M.. minister
Ingraham
said that
-swhile all
concerned
parties are
aware that
"the train
-- had left the
t station" as
S regards the
WHTI, it
needed to be said that the ini-
tiative had negatively impact-
ed visitor arrivals to the
Bahamas and the Caribbean
as a whole.
However, it was also
expressed during the meetings
that as US passports contin-
ued to be issued at record lev-
els, the problem was correct-
ing itself.
Tourism officials in the
Caribbean have estimated that
the WHTI has cost the region
billions of dollars in lost rev-
enue from US travellers.
The Department of Home-
land security said that it is
publishing the WHTI land and
sea final rule more than a year
in advance of its implementa-
tion to give the public ample
notice and time to obtain the
WHTI-compliant documents
they will need to enter or re-
enter the US on or after June
1, 2009.


GOVERNMENT has
extended the provision of free
anti-retroviral drugs to include
persons affected with tuber-
culosis as well as HIV, Minis-
ter of Health and Social
Development Dr Hubert Min-
nis announced.
Dr Minnis said the measure
is part of the Ministry of
Health's strategy to further
reduce the incidence of tubers
culosis in the Bahamas.
He said the government will
continue to offer anti-tuber-
culosis treatment free of
charge to TB patients in order
to reduce "the potential bur-
den of the disease."
The announcement came
two days after the world cele-
brated World TB Day on
Monday, March 24, under the
theme: "I Am Stopping TB."
Dr Minnis said the strategy
also includes a public aware-
ness campaign highlighting the
continuing efforts to reduce
the number of persons infect-
ed with the disease in the
Bahamas.
He said health officials in
the Bahamas, using the DOTS
strategy (Directly Observed
Treatment Short Course),
have been able to successfully
complete treatment on 90 per
cent of the 246 persons diag-
nosed with' TB during the
years 2003 through 2007.
He said that much of this
success can be attributed to
the "dedicated and hard-
working healthcare providers
in the TB Unit who go out
daily to ensure that persons
are taking their medications.
"The spread of TB is much
more than a health concern:


it is a complex socio-econom-
ic problem that impedes
human development," Dr
Minnis said. "Confronting the
spread of TB requires action
across the healthcare sector
while combining efforts with
relevant agencies as TB has
no regard for age, gender and
race, social, economic or
financial status."
Dr Minnis said officials at
the World Health Organisa-
tion (WHO) estimate that by
the end of March 2008, 10 mil-
lion TB patients will have
been treated using the DOTS
strategy.
The strategy was introduced
in 1993 by WHO as a model
for the treatment of TB
patients. The Bahamas imple-
mented the strategy in 1998.
The minister explained that
TB is a chronic bacterial infec-


~----


"Confronting the spread of TB
requires action across the
healthcare sector while combining
efforts with relevant agencies."

Dr. Hubert Minnis


COLLEGE ROAD TIP B 1:15 340 WA :15 8: 1035


I TEL -30-FI


WHILE TB infection has no signs or
symptoms, the symptoms associated with
TB disease include a cough that lasts longer
than two-three weeks or does not get better
with medication.
Symptoms also include hemoptysis, or
coughing up of blood, loss of appetite, unex-
plained weight loss, fever, tiredness or weak-
ness, night sweats and chills.
Minister of Health Dr Hubert Minnis said
these symptoms could "mirror" other ill-
nesses and therefore be missed, so persons
experiencing any of the symptoms should
seek medical attention.
"Persons who have a cough that lasts more
than two weeks and is not responding to


home remedies, over-the-counter treatment
or prescribed antibiotics should seek medical
attention at one of our Public Health clinics
or call the TB Surveillance Unit," Dr Minnis
said.
"Those who are diagnosed with chronic ill-
nesses should include five daily servings of
fruits and vegetables in their diet, drink at
least one litre of water daily and get ade-
quate rest and sleep in order to maintain
good health.
"Those persons who have been exposed to
someone with tuberculosis should get a man-
toux done and if they are screened, should
ensure that they return for the mantoux
reading within 48 to 72 hours," he said.


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Fertilizer, Fungicide,
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barriers of traditional learning for more than 35 years. Earn your bachelor's, master's,
or doctoral degree in education online or on-site in the Bahamas.

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8 Jean Street Gleniston Gardens


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- THE SYMPTOMS TO WATCH OUT FOR --


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 L
area or have won an award. If so, call
us on 322-1986 and share your story.


.Located: Uhmpson B1. m Ilvd.
Tel: 25-081/2 Oe.:Mo.-r.8m-50p.


tion and can be transmitted
from person to person when
the germs are released into
the air through sneezing,
coughing and/or talking.
"People who breathe these
germs into their lungs can
become infected," Dr Minnis
said, "however, not everyone
infected with the TB bacteria
becomes sick because the TB
germs can live in the body
without making one ill. This
is called TB infection or TB
exposure."
Dr Minnis said many per-
sons may not know that they
are infected when the germs
are inactive and cannot be
spread to others.
"When the inactive germs
break out of the protective
walls, they cause disease in the
lungs or other parts of the
body," Dr Minnis said. "This
can happen shortly after the
germs enter the body or after
many years."
Dr Minnis said TB infection
is more likely to become TB
disease in persons who use
alcohol or drugs or who have
certain chronic medical con-
ditions such as diabetes, can-
cer or HIV.
"TB continues to be a major
cause of illness and death
throughout the world and it is
a fact that the best way to pre-
vent TB is to treat and cure
people who have it," Dr Min-
nis said. "We will continue to
sensitise members of the pub-
lic with regards to the ongoing
efforts required to reduce the
number of persons infected
with the disease in the
Bahamas so as to prevent its
spread."


HEALTH MINISTRY AIMING TO CUT NUMBER OF TUBERCULOSIS CASES, SAYS MINNIS



Government extends provision




of anti-retrovirals to TB patients


~iOdKWI~MII


FRIDAY, MARCH 28, 2008, PAGE 3


THE TRIBUNE


!i








PAGE 4, FIDAY, MARCHT T28ST00THETHEDTTOIU


The Tribune Limited
NULLIUS AD ICT)) S./URARIE IN VERBA MAGISTRI
hBeing moind to Swear to 7I'e l)ogns of No Master

1.IO()N 1 1. 1)/. Dl/'I( '/, 'dublisher/Editor 1903-1914

SIR tI:''INNI-: DlI/UCII, Kt., O.B.E., K.M., K.C.S.G.,
(lion.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

EILEEN DUI'UCII 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
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Failure built into education system


WE HAVE been asked for our opinion on
why school principals and teachers do not have
better control of their students.
The answer is obvious failure is built into
the educational system. As the Coalition for
Education 'Reform pointed out in its second
report "Bahamian Youth the untapped
resource":
"'The Education Act, the School Standing
Orders and the Manual for Administrators and
Teachers are long on expectations and short
on defining authority, responsibilities and con-
sequences.
"*. Parents are compelled to send their chil-
dren from age five to sixteen to school.
"* Students must attend and can be expelled
readily if they commit a felony.
"* Only the Minister of Education can expel.
and he can do it only when the student is 16
years old or older.
"The net effect is that the ability to teach and
manage the school room is undermined."
This must change, said the Coalition. And
how right they are.
How can teachers control students whose
disruptive, anti-social behaviour in the class-
room is protected by legislation that denies the
teacher the right to teach those children that
such behaviour, if not corrected, has serious
consequences? A teacher should not have to
wait for one child to stab another in the back
before that child can be removed from the cam-
pus.
In such cases the police quickly move in and
pluck these "mama's little darlings" from the
school vard and hold them for the law to decide
their future. In many cases this could possibly be
avoided if the school's principal had more dis-
ciplinary powers.
But what of those children, who make it
impossible for teachers to teach and eager stu-
dents to learn because of their disruptive antics?
As one teacher once said: "I am wasting my
time. These students don't want to learn. I amn
really baby-sitting them and watching that
they don't steal the wallet from my purse -
while their parents are at work." She eventual-
ly left the profession.
Teachers are working in an atmosphere that
quickly destroys their enthusiasm for their pro-
fession.
Only the Minister of Education has the pow-
er to expel and even here he can only do it
when the student reaches 16. The law says that
parents must send their children to school from
the age of five to 16. And between that age no
one can touch them, not even the Minister.
They must stay in school, regardless of the con-
sequences of their behaviour to the whole edu-


national system.
No wonder undisciplined children are mock-
ing their teachers school regulations give
them the power to do so. How can anyone man-
age an educational institution where students
are insulated against suffering the consequences
of their misbehaviour?
If order is ever to be restored to the class-
rooms of our public schools, then a teacher has
to have the power of suspension and even expul-
sion. Of course, these students cannot be left to
roam the streets, creating even more mischief
while their parents are at work.
There must be a central place where they can
be managed under supervision. If they don't
mend their ways at this centre, then there are
the reform schools, which might prove a deter-
rent if they know that that is where they will
eventually end up.
The system now operating in the public
schools is the same system that produces medi-
ocrity in our civil service. This is a system of
recycling, but none of accountability. This is
like trying to fight a battle with your hands tied
behind your back. It is a battle lost before it has
even begun.
On one of the talk shows yesterday a guest
remarked that only about 25 per cent of employ-
ees in the civil service were interested in their
work and in doing it well. It is, therefore, unfair
that 85 per cenrt of the service is allowed to
undermine those conscientious civil servants
who want to give the public good service. It is
the indifferent civil servant, allowed to get
away with minimum effort, who gives the whole
service a bad name. One never hears of the
competent men and women who do exist in the
service.
If a supervisor in a government department
is having a problem with a staff member, the
most he can do is have him transferred to anoth-
er department thus recycling mediocrity with
Bahamian taxpayers footing the bill. If reward
and punishment and that punishment trans-
lating into immediate dismissal were intro-
duced one would soon see a shift in efficiency
and the public receiving better service.
It is the system that has bred inefficiency -
inefficiency in the civil service, and indiscipline
in the schools.
And, as the Coalition has said, for the sake of
this country, this must change.
Both groups have to be made accountable for
their actions and learn that life is not one grand
merry-go-round in which they can do as they
please. Students must learn early that there are
severe consequences for their misbehaviour in
schools, and civil servants have to learn there is
dismissal for non performance.


Making sense




of privatization




and other




catchwords


EDITOR, The Tribune,
In the last several months
the spin doctors have been
working overtime and seem
to have gotten into the head.,
of some politicians who spew
out the favourite catchwords
at random; privatization,
demand and supply, market
forces.
Since it would appear that
the Bahamian people are
going to get the short end of
this stick, and the investiga-
tive reporters are only inter-
ested in who's sweet-hearting
who, and who's been found
stripped in the back seat with
who, let me do their job for
them and try to bring some
sense to these catchwords.
For example, "privatiza-
tion" is supposed to be the
catchword used to solve all of
BaTelCo's problems. Under
the UBP and Stafford Sands
Batelco was taken on June 9,
1966 from a Government
Department and made into a
Government Corporation,
thus giving it all the trappings
of a private company but
maintaining Government con-
trol and public (the Bahamian
people) ownership. When the
CEO was the UBP Govern-
ment money was made, Batel-
co prospered and thus the
shareholders, the Bahamian
people, prospered. It made so
much money Batelco was
called a "cash cow".
The only thing that ha
changed is the Government
or the CEO.
In recent years the CEO's
have failed, not Batelco.
Rather than admit that they
don't know what they are
doing, they want to sell the
people's business (in this case
Batelco) to a small "private"
group, thus taking the respon-
sibility out of the Govern-
ment's hands.
And by doing so, they are
forcing the "public" to sell
their shares in a business that
had been making money!
This, they say, will bring
efficiency, and lower prices.
But "privatization" does not
bring efficiency or lower
prices. Only competition does
that. And where's the come
tition? There is none to speak
of and the market is too small
to have any.
So what's the big rush?


Some years ago The Miami
Herald wrote an article which
said that those involved in the
privatization of Mexico's util-
ities were poor when the
process started and when it
ended those paupers were so
rich that they made Ross Per-
ot (at that time one of the
richest men in the world) look
like a poor cousin! That
implies dishonesty and God
forbid, that would not happen
here!
But to give the benefit of
the doubt, possibly the powers
that be really think privatiza-
tion works and indeed will
make BaTelCo more efficient.
But before they make this
plunge, please let the spin doc-
tors explain the recent "bail
out" by the Federal Reserve
of one of the largest mortgage
banks in the world just hours
before they declared them-
selves bankrupt.
That in itself blows to hell
the theory of the "free mar-
ket". Or maybe they should
examine the workings of
Enron or the recent mortgage
crisis in the US, problems pre-
cipitated by private compa-
nies. Opposed to private com-
panies?
No, not at all. But I'm cer-
tainly not of the opinion that.
in all circumstances private
companies are the be all and
end all of commerce. I'm not a
slave to theories.
Whatever theory or combi-
nation of theories work for a
particular situation is the one
I agree with.
Freeport is a typical exam-
ple. Wallace Groves used all
theories to make Freeport
work. In some cases there was
Government participation, in
others there were monopolies
and in others there was the
free market and in some there
was a socialist environment.
In short he understood the
theories but was not a slave
to them.
He worked them to the
advantage of Freeport, his
dream.
So what about the price of
'phone calls? Government
cannot control the price


because that would kill the
idea of Free Enterprise.
Maybe demand and supply
would control them.
But that won't work
because the private company
would control the supply and
the demand will increase with
the expansion of the market
and the population. In that
case they can keep the supply
down and as the demand
grows so-will the price.
But surely the Government
could appoint a Commission
that would control the price.
That sounds great....the free
market idea would be shot to
hell....but this sounds great.
But what would happen if the
private company, now the
owner of this monopoly,
decides that they don't accept
the Commission's findings and
price structure? That's simple,
the Government will enforce
it. But what happens if they,
like Harrahs recently did, say
they're not going to live with it
and pull out?
The answer is simple; the
Government... or better the
Bahamian people.....will be
up the proverbial creek with-
out a paddle or a boat!
So what do you think this
Government appointed Com-
mission would do?
They'll give in and the
prices will soar!
And the spin doctors will
shout "demand and supply".
And the Bahamian people will
be asked to dig yet deeper into
their pockets.
Another question to be
answered is who will service
the outlying, areas where
there's just a small communi-
ty? Presently, the profitable
areas pay for the non-prof-
itable ones; surely a private
company won't agree to such
an arrangement.
Would it not be better for
the Government to maintain
control and insist that it be
run efficiently.
At least the CEO (the Gov-
ernment) can be changed in
five years but with a private
company you're stuck.
Think about it. But while
you're thinking, let me sug-
gest you make a quick trip to
the corner drugstore.
Pierre V.L. Dupuch
Nassau,
March 25, 2008.


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Tourism initiative has

to be 'dead on arrival'
EDITOR, The Tribune.

THE initiative announced by the Prime Minister to encourage
development of tourism supportive industries in the broadest
description outside of the hotel complex has to be dead on arrival
as simply the hotel stay-over visitors do not in the majority leave the
precincts of their hotel.
It is no surprise that the Ministry of Tourism has to be giving
incorrect advice to the Prime Minister and Cabinet as it is obvious
that they themselves do not know or have an appreciation of
tourism or even the one-two-three of Bahamas-based tourism.
Let me try to explain how things in the real world go.
The majority of stay over stay a max of four-days, day one lost to
travel and day four also so day two-three are to suntan a little
(the least you want to return home looking tanned) and the middle
day taking advantage of the hotel-resort facilities, buying some sou-
venirs, but few leave their hotel of choice.
Minister Grant at the beginning of Tourism Week said his Min-
istry will develop Over-The Hill Tourism where has the Minis-
ter been for some 30 years People to People, an acclaimed pro-
ject developed, I believe, under Sir Clement Maynard has been
doing just that, Mr Minister.
Are you saying that People to People needs revamping as in the
past few years there has not been any concentration on it'?
Clearly we are not doing research so what we propose is usual-
ly flawed take shopping.... since the '80s with the development
of on-line shopping discount retail chains cashmere sweaters,
cameras, perfume, even jewellery are as cheap, if not cheaper,
through those sources so Bay Street no longer can benefit from that
sector.
Remember these touristic products are all duty free but subject
to stamp tax and the cruise boats are competing with landed retail
stores also.
I suggest we retain Kerzner International and also Baha Mar/Cae-
sar's Entertainment to develop marketing plans for us...they have
a lot to lose and we will get better value for the buck spent and
results which is all we ask for.

N RUSSELL
Nassau,
February 1. 2008.


PAGE 4, FRIDAY, MARCH 28, 2008


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THE TRIBUNE






FRIDAY, MARCH 28, 2008, PAGE 5


THE TRIBUNE


LOANW


0 In brief


Third annual

Ride for Hope

prepares for

record year
THE third annual Ride for
Hope is poised for a record
year.
Organisers say they are over-
whelmed by the response to
date, with more than 170 riders
already registered to join in the
fight against cancer.
They are joined by a force of
75 volunteers and 30 corporate
sponsors.
"We could not be more excit-
ed," said event founder Stephen
Holowesko. "Last year we had
100 riders and this year we have
almost 200. The response from
communities and companies has
'been tremendous."
I The Ride for Hope, which is
!underwritten by corporate
donations, brings together riders
of all ages and skills for a one-
day ride in Eleuthera to raise
money for the fight against can-
cer.
Every dollar raised by the
participants goes to cancer care
and treatment programmes in
the Bahamas.
In two years the Ride for
Hope has raised nearly
$400,000. The organizers aim to
add significantly to that total
with this year's event.
"We have been overwhelmed
with the support of corporate
sponsors," Mr Holowesko said.
"It is quite powerful to see so
many Bahamian companies
responding at such remarkable
levels. We are terribly indebted
to Odyssey Aviation for under-
writing the air transport for
most of the participants. They
have gone above and beyond
the call of duty with their sup-
port."
Bahamas Ferries, the Royal
Bank of Canada, Pictet Bank
and Trust, the Lyford Cay
Foundation, RBC Global Pri-
vate Banking, the Holowesko
Foundation, New World Avia-
tion, Holowesko and Compa-
ny, Thyme Online, VMG Rac-
ing, Holowesko Realty, Kerzn-
er International and Burns
House have all supported the
effort generously. '
"Cancer .touches everyone,"
said Mr Holowesko. "The over-
whelming response from spon-
sors and riders proves that we
are all in this fight together."
Riders, volunteers and cor-
'- porate sponsors will ride togeth-
I er in Eleuthera on April 5. The
event will accept registrations
from participants right up to
f start time.

OVERSEAS NEWS

Dengue death

toll rises in
Brazil state

* RIO DE JANEIRO, Brazil

A dengue epidemic has
claimed at least 54 lives in Rio
de Janeiro state since January,
health officials said Thursday,
according to the Associated
Press.
Hospitals have reported a total
of 114 deaths from the mosqui-
to-borne disease, but 60 of those
cases are still being investigated.
Brazilian Health Care Secre-
Stary Jose Noronha said that
S1,200 soldiers from the army,
! air force and navy would be
. deployed next week to set up
three field hospitals, while an
additional 500 would spray
insecticide and place poison in
Standing puddles of water
where the mosquitoes breed.
"The intensity of the epi-
demic has brought intolerable
death tolls," Noronha told
reporters after a meeting with
armed forces commanders.
The majority of the con-
firmed deaths, 31, have been in
the city of Rio de Janeiro -
Brazil's biggest resort city. \
Rio has seen a 25 percent
drop in tourism as a result, the
Brazilian Hotel Association
said.
About half of the victims


were children under the age of
13. More than 43,000 people
have contracted disease since
January in Rio de Janeiro state
- nearly double the 25,107 cas-
es reported in all of 2007. The
state is home to 16 million peo-
ple.
State health official Victor
Berbara said the outbreak high-
lights the importance of fighting
the dengue-carrying Aedes
aegypti mosquito all year not
just between November and
May when most infections
occur.


OMAR SMITH HITS OUT OVER THE LAING CUSTOMS DUTY CONTROVERSY




Ingraham comes under fire for





standing by Finance Minister


BAHAMAS Democratic
Movement deputy leader Omar
Smith criticised Prime Minister
Hubert Ingraham's decision to
stand by Minister of State for
Finance Zhivargo Laing.
Prime Minister Ingraham has
thrown his full support behind
Mr Laing, claiming that he acted
"within the scope and ambit of
his authority" in the Mona Vie
matter. In a statement, issued
hours after the PLP accused him
of being "uncommonly silent" on
the affair, the prime minister said
that this conclusion came after he
"reviewed all the facts and cir-
cumstances surrounding the alle-
gations made against Minister of
State Zhivargo Laing" by the
opposition.
"I am satisfied that Minister
Laing acted properly and in the
interest of fair play towards a
number of Bahamian business
persons. It is only because his sis-


"Even a blind man can see that
there are some serious questions
to be asked."

Omar Smith


ter-in-law happened to be one of
those persons affected that the
opposition seeks to mislead the
Bahamian public in this matter,"
said Mr Ingraham.
The prime minister is also the
minister of finance, and Mr Laing
- accused by the opposition of
being caught in a conflict of inter-
est acts as his "junior minis-
ter."
In their earlier press confer-
ence, the PLP had called for Mr
Ingraham to come forward and
"say whether he has formally
excused or waived the conflict."


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
MINISTER of State for Utilities Phenton Neymour addressed
complaints about frequent power cuts in Harbour Island and said
government is assessing ways to mitigate deficiencies in the island's
power supply.
Mr Neymour told The Tribune yesterday that government is
looking at installing a new power plant on Eleuthera to meet the
high demand in the area.
The Harbour Island power woes made headlines earlier in the
week when angry residents complained that blackouts over the
Easter holiday weekend drove tourists away and negatively impact-
ed the island's economy.
Mr Neymour acknowledged BEC's chal-
.lenges. explaining the recent outages, which
,, *Al-igN /one resident claimed lasted up to five hours
at a time, was due to "problems" at the
Glass Window Bridge in Eleuthera.
"Harbour Island is supplied both from a
local plant an electricity plant on Harbour
Island and from the mainland. And BEC
has reported to me that they were experi-
encing problems due to inadequate sup-
ply from the mainland onto Harbour
Island.
"I have been informed that they are
working diligently to resolve some of the
problems and it was mainly due to some
problems at the Glass Window Bridge".
He added that government is currently
hen ey Ur in the design stage for a new plant, but
could not give a timeline for the construc-
tion and completion of the proposed plant.
"During the supplementary budget debate I indicated that we are
looking at installing a new plant for Eleuthera to meet the full
demand of the island of Eleuthera, including Harbour Island.
"We are already into the design stage and acquisition of the
equipment for BEC. The exact timeline I can't give you right now,
but I can at a later time".
Harbour Island resident Martin 'Lee' Grant told The Tribune that
the tiny island has suffered power outages intermittently for the last
three weeks. Citing just one example, he claimed power on the
island was inactive from 7pm on Tuesday until lam on Wednesday.
"The folks here at Harbour Island are becoming very outraged
and we want some solution. Harbour Island is the goose that laid
the golden egg for Eleuthera right now, we are at 100 per cent plus
capacity.
"This is one of the best seasons we've had in a long time, and it's
sad to see tourists turned away because there is no water to brush
your teeth, to flush the toilets, and no electricity to see. This is 2008,
we need better than this".
According to Mr Grant, the island's water supply is connected to
its power supply.
He argued that government should not allow the development of
any further projects on the island until the proper infrastructure is
put in place.
Mr Grant also said the docks which accommodate Harbour
Island and North Eleuthera water traffic desperately need to be
upgraded.


Mr Ingraham contradicted the
PLP's claims and supported Mr
Laing's by stating that the minis-
ter of state did not seek to
"change a Customs duty rate"
when he penned instructions to
the comptroller of Customs on
the matter.
Rather, "acting upon advice
and within the scope and ambit of
his authority, (Mr Laing) deter-
mined that (10 per cent rate)
should continue to be levied until
the matter might be considered
in the next annual budget," said
Mr Ingraham. He said that, sim-


ply stated, the drink was found
to be "wrongfully classified".
Yesterday, BDM deputy leader
Omar Smith said that the com-
ments made by Mr Ingraham with
regard to the actions of Mr Laing
were "insulting and disgraceful".
"For the prime minister of the
Bahamas to unequivocally say
that he sees nothing wrong with
the actions of Mr Laing is totally
unacceptable," he said.
Mr Smith said that Mr. Laing's
actions went beyond the bounds
of what would be deemed accept-
able when considering a conflict
of interest. He said that the prime
minister saying in the face of the
facts that he sees nothing wrong
with the actions of his junior, is an
insult to the intelligence of the
Bahamian people.
"Even a blind man can see that
there are some serious questions
to be asked," said Mr Smith.


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Stability in Haiti discussed at OAS


and IDB meetings in Washington


HAITI was among the topics
discussed during a meeting
between Prime Minister
Hubert Ingraham and Secre-
tary General of the Organisa-
tion of American States Jose
Miguel Insulza at OAS Head-
quarters in Washington.
Mr Insulza spoke about the
efforts of the OAS to support
endeavours to strengthen
democracy and bring econom-
ic stability to the struggling
island nation.
The two also discussed the
efforts of the secretary general
and of the Permanent Council
of the OAS to prepare the
groundwork for the recently
convened 25th Consultation of
Foreign Ministers called to
mediate tension between
Colombia and Ecuador.
The efforts of the Permanent
Council were headed by
Bahamas permanent represen-
tative to the OAS, C A Smith,
who sits as chairman of the
council.
In that capacity, Ambassador
Smith led a mission to Ecuador
and Colombia from March 8 to
March 12.
On the morning of March 20,
Prime Minister Ingraham
attended a breakfast meeting


at the Inter-American Devel-
opment Bank (IDB) hosted
Bank President Luis Alberto
Moreno.
The breakfast was also
attended by Prime Minister
David Thompson of Barbados
and Prime Minister Dean Bar-
row of Belize, and provided the
three leaders with the oppor-
tunity to meet with the bank's
executive directors.
President Moreno arranged
for the prime ministers to- be
briefed by IDB staff.on the
instability in global financial
markets and the weakened U S
dollar, as well as other prob-
lems associated with the mort-
gage crisis, the resulting weak-
ened home market in the Unit-
ed States and the implications
of these developments for
investment in the Caribbean.
The prime ministers were
also briefed on new initiatives
in the IDB, including the pro-
vision of technical assistance to
countries not necessarily tied
to bank loans.
Following the breakfast, the
prime ministers and their dele-
gations held bilateral meetings
with President Moreno during
which country programmes
were discussed.


Prime Minister Ingraham
was briefed on the status of the
Bahamas' request to expand its
infrastructure project known as
the New Providence Road Pro-
gramme.
He also reviewed the Bank
the Bahamas' interest in explor-
ing access to IDB technical
assistance in a number of areas
not necessarily tied to loans
(including disaster prepared-
ness and response, climate
change response and land and
town planning.)
Following his meeting with
U.S President George Bush on
Thursday afternoon, Prime
Minister Ingraham was inter-
viewed by Bloomberg Televi-
sion, where he discussed the
impact of the global financial
problem on the Bahamian
economy.
While in Washington, Mr
Ingraham also met briefly with
the president of Ritz Carlton -
owner and operator of the
Abaco Club at Winding Bay
and developer of a project on
Rose Island, and dined with the
principals of the Urgo Group,
who are pursuing a major resort
development in Governor's
Harbour. Eleuthera.


, j,


PAGE 6, FRIDAY, MARCH 28, 2008


THE TRIBUNE


^fl











PM AND CHRISTIE REMEMBER ACHIEVEMENTS OF A MEMBER OF THE FIRST MAJORITY GOVERNMENT


Last respects paid to



former Cabinet Minister



Jeffrey Thompson


* By PAUL TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
PRIME Minister Hubert
Ingraham paid his respects yes-
terday in the House of Assem-
bly to the late Jeffrey McDon-
ald Thompson, a Cabinet min-
ister in the first majority gov-
ernment in 1967.
Mr Thompson was a senator,
government minister, member
of parliament, magistrate, and
justice of the Supreme Court.
Prime Minister Ingraham said
that, as impressive as Mr
Thompson's obituary may be,
it "does not convey enough" of
his great story.
"The leader of the opposition
oftentimes at funeral services
for departed stalwarts, laments
the fact that those of Mr
Thompson's generation are
passing off the scene without
our having done enough to
ensure that their real story can
be secured for future genera-


tions of Bahamians. "Jeffrey
Thompson emerged during an
era when great sacrifices were
demanded and made, when
things could have gone any
number of ways, when there
was intense conflict, and when
there was high drama both in
public and behind the scenes.
"It was at a time when a
young Jeffrey Thompson had
not yet achieved his ambition
of pursuing higher education in
some noted institution abroad.
He was always studious and
well-read, with a"love of learn-
ing that he seems to have
passed on to his daughters," Mr
Ingraham said.
"In the interest of a nation
that was crying out for change,
he laid aside his personal ambi-
tions and entered the political
fray. And it was a good thing
that he did because his contri-
bution helped considerably in
shaping the flow of events in
this country," he said.
Mr Ingraham continued:


"Having played his part in those
momentous events, Jeffrey
Thompson was finally able to
fulfil his desire to study law at
the Inns of Court in London.
But while his intense involve-
ment in politics seemed to have
waned somewhat, Mr Thomp-
son could not resist the tug
which continued to pull him
towards public service. So he
became a magistrate and then a
justice of the Supreme Court.
"As always, he served with
distinction and high integrity.
Throughout his entire life, in
and out of the political arena,
Mr Thompson remained a con-
summate gentleman. He richly
deserves to have his name
inscribed on the roll of out-
standing Bahamian nation-
builders. My wife Delores and I
join with my colleagues in the
government, and with Mr
Thompson's friends in the Free
National Movement, in extend-
ing deepest sympathy to his
daughters Camilla, Kristal and


Tracey, and other family mem-
bers. May he rest in peace."
PLP MP for Fox Hill Fred
Mitchell told the House that he
recalled his first encounter with
Mr Thompson in Boston many
years ago. Mr Mitchell also said
he was proud to have been able
to pass legislation while serving
as minister of the public service
from 2002 to 2007 to ensure that
Mr Thompson was pensionable
as a former judge.
"He had been left short of
the legal qualification period by
an oversight which meant that


he could not qualify for the
judge's pension. There was not
a dissenting voice in the gov-
ernment. The Act was passed
without debate and with the
unanimous consent of the
House.
"He had enormous goodwill.
Here was a man who was with
us, and for us, the Bahamian
people. When it was time to be
counted, he did what he was
called to do as a man of hon-
our and a true Bahamian," he
said.
PLP leader Perry Christie


4--


At

E


also paid his respects to Mr
Thompson on behalf of the
entire party. Speaking after Mr
Christie were a number of oth-
er MPs who offered their con-
dolences to Mr Thompson's
family, including: PLP MP for
West End and Bimini Obie
Wilchcombe, PLP chairman
and MP for Englerston Glenys
Hanna-Martin, PLP MP for
Bain and Grants Town Dr
Bernard Nottage, FNM MP for
Sea Breeze Carl Bethel, and
FNM MP for Carmichael
Desmond Bannister.


FRIDAY, MARCH 28, 2008, PAGE 7


THE TRIBUNE






PAGE FRIAY, MRCH 2, 200CTHE RIBUN


FROM page one
Monique Laing from the for-
m' rer Controller of Customs,
Mr Ingraham pointed out
That the comptroller had
, stated that while a review
was being done on the clas-
:' sification and rate of duty on
;the Mona Vie product, it
would remain in the 2009.09
'Tariff Heading, which
, attracts a 10 per cent duty
rate instead of the 45 per
cent rate.
" However, a subsequent
letter, dated November 20,
2007, from the Controller of


44


Customs reads that after
inquiries were made with the
World Customs Organisa-
tion on the classification of
the Mona Vie product the
beverage will now be listed
"immediately" under the
2202.9090 heading, which
attracts a 45 per cent duty
rating.

Letter
Reading from another let-
ter dated December 7, 2007,
from the Financial Secretary
to the Controller of Customs
Mr Ingraham said: "The pol-


icy position of this Ministry
is one whereby rates are not
amended outside of the bud-
get period. In addition, a
business should not be sub-
jected to a change in rate
midstream of its operating
year. Please therefore con-
tinue to allow the heading
of 2009.09 to be applied until
the next budget exercise. At
that time the applicable rate
against, tariff heading
2202.9090 will be reviewed.
Your co-operation in this
matter is appreciated," the
PM read.
Mr Ingraham also
responded to several other


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questions raised by Mr
Smith and paused short of
agreeing to release the
phone records of Mr Laing
in the House.
"Mr Speaker, I have no
difficulty whatsoever and I
ask members opposite if
they have any difficulty in
tabling a list of every tele-
phone call made on a gov-
ernment phone by minis-
ters," Mr Ingraham asked.

Ruling
The prime minister also
responded to the question as
to what legal authority Mr
Laing had to reverse a ruling
by the Controller of Cus-
toms.
"Firstly, Mr Speaker, the
Minister of Finance has the
powers, and I am so sorry
that the Member for St
Thomas More did not
acquaint himself with the
law prior to his request. But
anyway, let me say this, the
minister has full authority to
do any such thing, except,
the minister did not reverse
any ruling of the Controller
of Customs, the minister
asked the Controller of Cus-
toms to continue to apply
the rate that the controller
had determined to apply.
"The minister determined
that the Controller of Cus-
toms should continue to
apply the rate of duty which
he determined should be
paid in his letter on October
4, 2007, and to apply that
rate, and not to apply an
increased rate which the
Controller of Customs indi-
cated in November of 2007,"
he said.
In any event, Mr Ingraham
said, it is the Minister of
Finance not the Con-


troller of Customs who
determines what a rate is for
any particular product.
"We are the ones who
make the order and say I
want that rate to be 10 per
cent, 20 per cent, or 50 per
cent. All the Controller of
Customs can do is talk about
classification.
"The controller of Cus-
toms has no more power to
say that the rate of 10 per
cent should apply than the
Minister does.
"He has no more legal
right to say that the rate of
10 per cent will be attracted
for this product until you
hear back from me apart
from his administrative
charge.
"In any event, the Minister
of Finance (Prime Minister)
has that power, and the Min-
ister of Finance delegated to
this Minister of State the
authority to act on my
behalf.
"Every minister who
works with me I take
responsibility for their
actions. If I don't, they go. I
don't back up. I don't back
up," he said.
After some considerable
bickering, Prime Minister
Ingraham remarked that he
felt it was "regrettable" that
this entire issue was on the
table.
"I have a lot of regard for
Mr John Rolle, the retired
Controller of Customs, and I
shall seek to refine my
remarks in these matters to
this specific case. But it is
most regrettable that this
question has arisen as to
what's lawful and what is not
lawful.
"That is most regrettable.
Most regrettable," he
said.


PM defends Zhivargo




Laing in the House


Source on

oil tanker
FROM page one
have knowledge of any haz-
ards hidden within the nearby
waters, such as the rocky
underwater peninsula on
which the tanker became
lodged at around 9am on
February 27.
At the press briefing, oil
fleet manager for Shell Trad-
ing and Shipping Company
Capt. Jeremy Hudson
appeared to dodge the ques-
tion as to whether this was
the cause of the grounding,
deferring to Mr Foulkes, who
said a full investigation would
be carried out.
The minister added that the
results of this investigation
would be made available to
the public.
Contacted yesterday for an
update on that probe, Mr
Foulkes said that investiga-
tions are still underway by
both the ship's flag state -
the Isle of Man and the
Bahamas Maritime Authori-
ty.
Both entities are awaiting
the results of tests on the
blood of the Captain of the
ship tests which Mr
Foulkes described as "stan-
dard and mandatory" in the
circumstances.
The minister said he could
not say for certain when the
investigations would be
wrapped up.
The Ficus, managed by
Shell Trading and Shipping
Company, caused panic
among Bahamian environ-
mentalists and a swift
response from Shell and the
Port Authority when it hit
ground last month.
The ship was carrying
120,000 barrels of oil for Shell
along with other "clean" oil
products, leading to fears that
it might leak its cargo into
Bahamian waters.
However, it was eventually
"floated off" the rocks a week
later following a salvage
effort led by a specialist Shell
response team; with no oil
spilled.
The BEST commission is
currently seeking to engage
some experts from abroad to
assess the extent of other
damage to the underwater
environment.


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PAGE 8, FRIDAY, MARCH 28, 2008




FRIDAY, MARCH 28, 2008, PAGE 9


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THE TRIBUNE


PAGE 10, FRIDAY, MARCH 28, 2008


PHOTO SPECIAL: The National Youth Choir in full voice


The Bahamas
National
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Dundas
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Arts


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FRIDAY. MARCH 28, 2008, PAGE 11


THE TRIBUNE


FRIDAY EVENING MARCH 28, 2008

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

Issues Round- Washington McLaughlln Bill Moyers Joumal (N) (CC) Waking the Dead Woman is ap-
* WPBT table discussion. Week (N) ) Group (N) (CC) pealing for release from prison after
(C) serving for murder,
(:00) College Basketball NCAA Tournament Regional Semifinal -- Teams College Basketball NCAA Tournament Regional
U WFOR TBA. From Detroit or Houston. (Live) (CC) Semifinal-- Teams TBA. From Detroit or Houston.
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0 WTVJ wood (N) (CC) his memory to the test. (N) / (CC)
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over a lamp. A (N) /( (CC) year-old. n1 (PA) (CC)
Jeopardy! (N) Grey's Anatomy George's skill daz- 20/20 (CC) 20/20 (CC)
I WPLG (CC) zles the new interns; Meredith haft-
heartedly helps Lexie. a (CC)

(:00) CSI: Miami CSI Miami When a truck full of CSI: Miami "Man Down'A member CSI: Miami "Broken Home The
A&E Money for Noth- weapons is hijacked, Horatio links of the team dies after being shot in team investigates when a baby sit-
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(:00) BBC World BBC News Asia Today BBC News Our World Fer- News
BBCI News America (Latenight). (Latenight). gus Walsh visits
Sierra Leone.
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CNBC (:00) Kudlow & Fast Money High Net Worth The Suze Orman Show Short The Big Idea With Donny Deutsch
CN company (CC) sales. (CC)
(:00 Lou Dobbs CNN Election Center Larry King Live (CC) Anderson Cooper 360 (CC)
CNN Tonight (CC) _____
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COM Shower" ( (CC) With Jon Stew- port (CC) er of Two Evils' der signs on with Presents (CC) Presents (CC)
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DISN Zack & Cody Tisdale. Ateen befriends members of a wealthy family.'NR' "Power Failure"
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DWV Johannes B. Kerner Ich Trage elnen Journal: Tages- Europa Aktuell Journal: In Euromaxx
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ESPN :00)Fiure Skating ISU World Championships Figure Skating ISU World Championships. From Gothenburg, Sweden.
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FOX NC Fox Report- The O'Reilly Factor (CC) Hannity & Colmes (CC) On the Record With Greta Van
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FSNFL Report ment affects sports. I(Live) (CC) Track: Preview Score (Live)
(6:30) LPGA Tour Golf Safeway In- PGA Tour Golf Zurich Classic of New Orleans Second Round. From the Tournament
GOLF temational Second Round. Players Club of Louisiana in New Orleans.
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HALL Texas Ranger Life"A recently paroled convict is Stephen Lang. Premiere. A seal killer stalks victims aboard an intema-
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NTM I (CC) his memory to the test. (N) a Fat Chick" (CC) (CC)
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(6:30) ** THE SHAWSHANK REDEMPTION The Wire "Late Editions" Freamon's The Wire"- 30 -" Carcetti maps out
HBO-P 994, Drama) Tim Robbins. Innocent man goes to a hard workpays off with a promising a damage-control scenario. A (CC)
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Le+ O Ckc1Lte f V1e
c '/i \I" V t i e




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Briiic your clkildren to tl\e

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PAGE 12, FRIDAY, MARCH 28, 2008


THE TRIBUNE


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Cebar ret funeral gome
DIGNITY IN SERVICE
Robinson Road and First Street P.O.Box N-603 Nassau, N.R, Bahamas
Telephone: 1-242-325-5168/328-1944/393-1352

Fuerl evie So


ELVERA ELLEN
LUNDY-SWEETING, 85

of Deep Creek South Andros will be,
held Saturday, 2:00p.m. March 29
,2008 at St. John's Native Baptist
Church, Meeting Street. Officiating
Rev. Dr. Hervis L. Bain, Rev. Reuben
Duncombe assisted by other
ministers. Interment will be made in
Woodlawn Gardens, Soldier Road.


Common ftalti umral ePw

4 Independence Drive Phone: 341-4055




Leo Leonard
Cooper, 59
affectionately called
"Royal T"

of Treasure Cay, Abaco will be held
on Saturday, 1pm at Full Gospel
Assembly Treasure Cay Abaco. Pastor
Stafford Symonette assisted by
Bishop Archilaus Cooper & Rev.
Cecil Forbes will officiate and
interment will follow in South Side
Public Cemetery Coopers Town
Abaco.
Precious memory are held by daughters, Leona Russell and Leatrice
Cooper; sons, Todd, Quint, Jarrod, Faulsto Cooper; adopted son,
Drexel (Jackie) Bootle; grand-children, Isaiah Russell, Oconno and
Quinisha Cooper; sisters, Betty Johnson of Nassau, Mable Pinder of
Freeport Grand BabamJa,Geneive Dean of Freeport Grand Babama,
Terry Cornish of Cooper's Town Abaco, Eliza Symonette of Nassau
and Emily Culmer of Cooper's Town Abaco; brothers, Leroy Pension
of Seattle Washington, Sydney and Vernon Cooper of Nassau, Samuel
Jr., Anthony and Elliot Cooper of Abacot nieces, Natasha, Shantell,
Antionette and Alicia Johnson. Desiree Stuart, Tamika Jenning, Terrica
and Driscal Laing. Monique Johnson. Audralee Dean, Darnika
Farrington, Nadia and Inderia Culmer; nephews, Drexcl Pinder Jr.,
Aaron Jr. and Anthon Johnson, Ridney Dean, Denero and Anthony
Cooper Jr., Dexter Dean. Jeremy and Cordell Culmer, T. Mark Farrington.
Javano Culmer, Julin Dean. Remano Cornish, and Dwayne Penchion;
uncles, Simon and Gifford Bootle; daughter-in-laws, Stacy, Shian
and Ginger Cooper and Shakera Gaitor son-in-law, Terell Russell;
sisters-in-law, Vivian and Evelyn Cooper, Bernadean Penchion, Geleta
Elzra. Rosamae Mcintosh and Evamae Reckley; brothers-in-law,
Aaron Johnson, Drexel Pinder, Vincent Dean, Glen Culmer, Sidney
and Donald Cornish, Dewitt Symonette, Lavern and Leo Reckley,
Emmanuel Williams, Durward Mills, Jeffery Elzra and O'Donald
McIntosh; eight grand nephews, ten grand nieces, nephews-in-law,
Patrick Rolle, Kenneth'Stuart, Javasse Mitchell and Allie Laing; uncles-
in-law. Alexander Reckley, Estin and Abraham Sawyer. Andrew
Longley And Philip McKinney; aunts-in-law, Nathilie Bodie. Mary
and Lynn Reckley, Gertrude Dawkin. Flora Lowe, Susiemae Longley,
Cleota and Lana Sawyer; Cathleen Dorville. Joanna and Oris McKinney
of Freeport Grand Bahama; god-mother, Kelly Symonette god-
children, Val Nesbitt, Darren, Deavalo and Troy Russell, Clyde, Chaino
and Vanessa Cornish, Deon Brown. Cypria Rolle, Gordania McIntosh
and Bert Smith; god-sister, Shirlean Rolle; cousins. Honorable Hubert
A. Ingraham Prime Minister Of The Bahamas, Pastor Arehileus and
Estella Cooper. Cleotha, Vernie, Sheila, Samuel and Eric Cooper,
Paula, Karen. Ettamae, Max, Barbara and Vergie Russell, Marty and
Noel Bootle, Alfred Murray, Codie. Ronald, Gordon. Kingsley, Joey,
Kirk, Beriel. Janice, Shae, Audrey .Mike and Theresa Murray, Hillie,
Tony. Ruthmae. Melvern, Albert. Evette, Weline, Drexel Bootle,
Harrison, Lenard. June, Sandra, Orlean Sands. Denieve Mcintosh,
Maggie. Fiord. Sammy iandAudrick-tye, Ethmae Albury, Vivian Z
Cornish and children and Mitgatfh4 ndin: friends. Neil and Karen
Britt, Denise and David Strubl, Mark and Karen Grimes, Craig Roberts,
Pastor Stafford and Lucy Symonette, Paul Bernett. John Green, Pastor
Terrance Strachan, Bertley Evans and family, Philip Lowe, Marshall
Russell, James Edgecombe, Fletcher Mcintosh. Elmar and Florence
Sawyer, Plural Wells, Vickie Cox, Joel and Berl Norris, Sally
Lightbourne, Nadina Lindell, Leroy Porlard, O'Donald McIntosh. Ossie
and Fred Parker, David, and Roger Philip, Cecil and Olive Forbes,
Clint and Wendy) Laroda. John Saunders. Gregory Rolle, Arthur and
Elva Roberts, the McKinney family, Ronnie and Renay Bootle, Randy,
Jamie, June. the Reckley, Cornish, Williams. Mills. Carolyn Pedican.
Marguerita Cartwright, Sandra. Lonnie, and Michelle Cornish, Eddison
and Louise Russell, Euclid and Marjorie Baillou, the Adderley, Bullard,
Bootle, Bodie, Cooper, Cornish, Curry, Cox, Duncombe, Edgecombe,
Fox, Huyler, Lightbourne. Reckley. Laroda, Laings. Hudson, Lowe,
McIntosh, McDonald, Murray, Miller, McKinney, Poitier, Pritchard,
Parker, Rolle, Russell, Saunders, Sawyer, Sands, Symonette. Wright,
Williams, Pedican, Norris, Major and James families, the entire Electrical
Company in Abaco, the entire church family of Full Gospel, the entire
family of Church Of God and the entire communities of Treasure Cay,
Blackwood and Coopers Town Abaco.
Relatives and friends may view the remains at the church in Treasure
Cay, Abaco on Friday from 6pm to service time on Saturday.
Arrangements are being handled by THE CHAPEL OF MEMORIES
COMMONWEALTH FUNERAL HOME INDEPENDENCE DRIVE.


Left with cherished memory are her
husband of 64 years Cubel, children,
William and Mary Sweeting of Manhattan, New York, Henry and
Agnes Bain of Nassau, James and Gretel Sweeting of Andros, Edley
and Jane Sweeting, of Freeport, Sylvia and John Baird of Wisconsin,
Charles and Grace Sweeting of Andros, Arlington and Agnes
Sweeting; four sisters, Maseleana Rolle, Florence Rahming, Rosnel
Rodgers and Sybil Rahming; one brother, Daniel McKenzie; grand-
children, Elizabeth J Machelle, Alecia and Joel Rahming, Halton,
Sonia, Henry Jr. and Natasha Bain, Annatol and Steven Miller,
Anthony, Barbara, Malinda, Claudine, Monique and Edley Sweeting
Jr. Dawn, Russ, Johnie, Chandler and Reid Sweeting, Kerione,
Shanderia, Serantha, Selena, Marvin Arlington Jr. Alvantae, Ryan,
Leean and Junior Sweeting; great-grand-children, Amanda, Tera,
Trevor, Turner, Gavin, Keyonna Katelynn, Olisha, Shanalique,
Leroy, Joelecia, Joenae, Joelanda, Kyle, Annalee, Kunal, Lavaria,
Latara, Tyre, Tar, Valentino, Kaira, Omar, Rashad, Beyunca Sweeting,
Jayden, Chanteilia, Ciara, Serena, Aliyah and Jahovanni; five
brothers-in-law, Carl and Arnold Rahming, Nemiah Stirrup, Howard
Sweeting and James Rodgers; four sisters-in-law, Ettamae McKenzie,
Maria and Arlene Sweeting and Lisa Miller; nephews and nieces,
Robert and Mildred Johnson, Neville and Yvonne Adderley, Pethrel
and Presley Virgil, Coralee and Bruce Munroe, Jennifer and Kevin
Smith, Mark and Zelda Hanna, Sonia and Kendal Miller, Sean and
Vyomie Greene, Franklyn and Wilma Wilson, George, Issac, Ronette,
Mary, Karen and Debora Watkins, Carl and Candice Rahming,
Daniel and Delores Duncombe, Melvern Smith, Kenneth Stirrup,
Jennifer Rahming, Oris Sweeting, Betty Knowles, Sheryl Rolle,
Peggy. Suzette, Sherry and Daniel McKenzie Jr. Hazel Smith Ostel
Duncombe, Kennit and Dorette Sweeting, Carlton Sweeting, Edwin
Taylor, Deconess Amanda and Amara Colebrooke, Deconess
Delphine, Maude and Pastor Reuben Duncombe, Malvese, Kendall
and Tasha and Niece Rahming, Cathleen, Catherene, Wayne, Andrew,
Frederick, Rodgers, Clem, Luther, Sydrik, Jacklyn, Joycelyn, Janet
Ambros and Uthalee Miller, Prenetta, Jane,.George, Saida, Richard
and Ellis Ferguson, Cynthia Demaly. and Helen Ferguson, Miriam
Wallace and Roston Newbold, Sam aiallie Brown, Anniemae
Campbell, Tasha, Menchea Clarke-Burrows; god-children, Clayton
and Evelyn Duncombe, Andrea Moss and Maxwell Johnson, and
a host of grand-neices and nephews and other relatives and friends
including, Mr. and Mrs. Theadore Neeley, Nathaniel Adams and
family, Nurse Val and Alvin Rahming, Jane Forbes and family,
Huel Sands and family, Shirley Andrews, Theophilius Rolle and
family, Lester Bassett and family, Menchea Miller and family,
Arianna Rahming and family, Pastor and Mrs. Jeremiah Duncombe,
Ben and Shirley Devaughn, the Whymns, Lundy, Sweeting, Miller,
McKenzie, Rodgers and McPhee families, Armour Car family, the
dedicated nurses of Private Surgical, Princess Margaret Hospital,
St. Paul's Native Baptist Church, and the entire community of Deep
Creek, South Andros. end Deep Creek Doctors Dr. Isaac, Dr. Cooper,
Ethelyn Smith, Phillip and Angela Knowles, Anna, Esterlyn, Vincent
Holbert, Elizabeth Knowles, AI Knowles, Marilyn Wilson, Sam
and Sandra Smith

Relatives and friends may pay their respects at Cedar Crest Funeral
Home, Robinson Road and First Street on Friday from 12:00 noon
to 6:00p.m. and on Saturday from 10:00a.m. to 12:00noon and at
the Church from 12:30 p.m. to service time.


Appeal restored
appellate court from looking at
the obvious. Mr Gaskin submitted
that the Majors could have raised
their concerns during their extra-
dition appeal or by way of judicial
review as the prison officials
claimed that they were acting
within the prison rules.
The appellate court yesterday
restored the appeal and ordered
that the parties involved in the
matter appear before the Regis-
trar of the Court of Appeal with-
in 30 days or such other time as
she may instruct for the setting
of the record.


PMH confirms
FROM page one

"(On Wednesday) the hos-
pital did not have my medica-
tion. After the story was pub-
lished (by The Tribune), they
had the medication and I was
able to get my shot," said the
overjoyed man.
The hospital, in a statement
by Chief Hospital Administra-
tor Coralie Adderley and
PMH public relations officer
Thelma Rolle, said the prostate
cancer patient had his first
Zoladex injection in Novem-
ber, 2007, and was scheduled
to have his second injection at
the end of February, at which
time the 10.8mg injection that
had been prescribed for him
was indeed unavailable.
PMH said its pharmacy
reported that, while Zoladex
3.6mg injections have been
available, the stronger dosage
of 10.8mg had, in fact, been
unavailable since last month.
."Pharmacy management has
reported that the Zoladex
10.8mg injection has since been
reordered and both Zoladex
3.6mg and 10.8mg injections
are currently available at the
hospital pharmacy," PMH said.
The hospital apologised for
any inconvenience caused dur-
ing the unavailability of the
medication and assured the
public that PMH takes all con-
cerns of patients very seriously
as it continues to offer the best
in quality health care.
"All patients with queries
and concerns who were pre-
scribed Zoladex 10.8mg injec-
tions may contact the adminis-
tration department at 325-
00498 extension 3tXX) or at 32-
4618 extension 300X) through
5." PMH said.
According to the Zoladex
official website. the 3.6 mg
dosage is prescribed to patients
with "prostate cancer suitable
for hormonal manipulation
(and) breast cancer in pre- and
peri-menopausal women suit-
able for hormonal minanipula-
tion."
It is also used to treat
Endometriosis, uterine
fibroids, endometrial thinning
and is used in assisted repro-
duction.
The 10.8mg dosage is only
used for patients with prostate
cancer suitable for hormonal
manipulation, or for those suf-
fering Endometriosis and uter-
ine fibroids.
The medication is given as
an injection just under the skin
in the stomach. The 3.0 mg
dose is injected every 28 days
while the 10.8 mg dose is
injected every 12 weeks.


FROM page one

Prison for several years. Mr Smith
noted that the Majors' complaints
also included them -not being
allowed time with their counsel,
adequate time for exercise, prop-
er food or medication. Mr Smith
told the appellate court yester-
day that his clients were merely
being held at Her Majesty's
Prison to be extradited to the
United States, where they are
wanted to face drug conspiracy
charges allegedly related to an
international conspiracy involv-
ing hundred of pounds of cocaine
and marijuana.
Justice Isaacs had denied the
Majors' application for relief,
however the Majors' subsequent-
ly appealed the ruling. However,
that appeal was struck out when
the appellants had failed to
appear for the setting of the
record. Mr Smith explained yes-
terday that the appellants were
not aware that the matter had
been set for hearing. Mr Smith
admitted that he was on vacation
at the time and although a notice
had been sent by the Court of
Appeal Registrar to his law cham-
bers no instructions had been left
with regards to the matter. Mr
Smith urged the court to restore
the appeal pointing out that it was
over a very serious matter.
Justice Ganpatsingh, however,
noted that there was nothing
before the court to even indicate
what the matter was about as the
court had not seen the ruling by
Justice Isaacs. Attorney.Garvin
Gaskin from the Attorney Gen-
eral's Office then provided the
court with a copy of the ruling
and went on to argue that
although the judge had dismissed
the initial application and had not
given any indication as to what
other forms of redress the cou-
ple could seek it did not bar the



Cocaine

FROM page one

of $30,000. He said the suspect
had been flown to New Provi-
dence where he will appear in
the Drug Court today.

WEST END MURDER
SUSPECT ARRAIGNED
FREEPORT A 24-year-old
Freeport man was arraigned on
Thursday in the Eight Mile
Rock Magistrate Court on the
charge of murder.
Martin Michael Moore, 24.
of West End, appeared before
Magistrate Gwen Claude. He
was charged with the murder of
Tino Green, 32, of West End.
It is alleged that on March
24, Moore intentionally caused
the death of Green.
Green was found dead out-
side a West End nightclub. His
death is the first homicide for
the year on Grand Bahama.
Mary Bain represented
Moore. He was not required to
enter a plea to the murder
charge.
The prosecution has notified
the court that it intends to pro-
ceed by way of a voluntary bill
of indictment to take the matter
directly to the Supreme Court
for trial.
The matter was adjourned to
August 28. Moore was remand-
ed at Her Majesty's Prison, Fox
Hill, until that date.


FROM page one
she visited, emphasizing that she did not need to provide specific
dates. The approximate month she visited would be sufficient, he
said.
Mrs Adderley, said she did not recall and voluntarily produced
her passport for the court in an effort to clarify when she visited.
The blow-up between the two came at the end of the question-
ing as Mrs Adderley repeatedly told Mr Smith she did not recall the
specific dates, and Mr Smith continued to press her on the issue.
Senior Justice Anita Allen at one point instructed Mr Smith to
move on from the line of questioning as the witness had already
answered the question.
Mrs Adderley also promised the court to provide documents
detailing her visits to the home of former ZNS journalist Diana
Swann, during the six- month period before the election. Mrs
Swann was one of several voters the witness gave testimony on.
Mrs Swann's vote is being challenged by Mr Laing, and Mrs
Adderley told the court that she visited with the voter several
times at her Marco City residence during this period, but was
unable to recall the specific dates.
The Justices have still not decided if they will move the Election
Court to Grand Bahama as was requested on Wednesday by Ms
Bridgewater's lead attorney, Philip Davis. Senior Justice Anita
Allen said the request is still under consideration, but it does not
appear that the move is likely.
Two witnesses Mr Davis tried to bring from Grand Bahama on
Wednesday still did not appear in court yesterday.
Both Mr Davis and Mr Smith requested that the case be. tem-
porarily relocated to Grand Bahama to avoid the problems of wit-
ness transportation.
Some witnesses, as Mr Smith pointed out on Wednesday, do
not fly, while others are too ill to do so. Several witnesses, he also
noted, have difficulty getting entire days off from employers to come
to Nassau.
Mr Davis is likely to complete his case next week. Mr Smith is
prepared to begin leading Mr Laing's case on the following Mon-
day, April 7th.


__





, :. I -








THE TRIBUNE FRIDAY, MARCH 28, 2008, PAGE 13


LOCALN


HAIR WE GO: Pictured left to right are, Tiffany Rolle, professional stylist
from Style Unisex, and James Adams, Clairol colour professional.

Twenty-one students attend-
ed the Clairol hands-on train- Tifany Rotle
ing seminar last week at the T
Lowe's Wholesale head office
on Soldier Road, .
Tiffany Rolle, the Clairol Uem11 11trate1
professional technician for the
Bahamas, educated attendees 1 o
about haircuts and Clairol colour d1
colour techniques. Students
practiced their newly-acquired ,
skills on mannequins.
Cosmetology students and haircut
their instructors from the
Bahamas Technical and Voca- *
tional Institute (BTVI) and the techniques
C V Bethel High School par-
ticipated in the day long semi-
nar.
Tiffany taught them techniques for weaving and "slicing in the
colour", as well as how to create a square layer bob.
Clairol product gift bags were given to attendees.
Tiffany said she was amazed by the level of enthusiasm displayed by
the attendees.
"My first Clairol hands-on training seminar went beyond my expec-
tations. The students were so fascinated that they did not want to
leave," she said.
Tiffany has more than 15 years of experience in the hair care indus-
try and is the owner of Styles Unisex Beauty Salon, which is located on
Soldier Road north.
Tiffany said she obtained a degree in cosmetology from the Nation-
al Institute of Cosmetology.
In addition, she has participated in various hair and fashion shows
including Miss Bahamas, Miss Teen Bahamas and the Diva's Inc Fash-
Sion Show. Tiffany hosts Clairol training sessions in high schools and at
BTVI and leads seminars geared towards retailers.
The next Clairol seminar will be held on April 14 at Lowe's Whole-
sale.


SANPIN MOTORS LTD.


Clairol hands-on
0
training seminar


for students


3,L DIESEL URVAN 15 SEATERI



NISSAN


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THOOMPSON BLVD OAKES FIELD
P. 0. BOX GT. 2947
E-maw.Lnp4 Ot. .wm co-,n
T.- T (242) 326-6377 326-0013-4
FAX (242) 326-6315 (office), FAX (242) 356-0362 (parts)
FAX (242) 323-8009 (service)
NASSAU BAHAMAS


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PARTS
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(242) 326.6377


R 0, BOX GT-2947
CABLE "SANPIN"
TEL FAX (242) 326-6315 (Office)
TEL/ FAX (242) 356-0362( Parts)
E-Mall:sanpin@hotmall.com
E-Mail: sanpln@coralwave.com






NISSAN X-TRAIL T3f1T31
MODELS


NISSAN ALMERA 4 DRf SEDAN


shift t


LARGEST SELECTION OF
COMMERCIAL VEHICLES.
AT UNBEATABLE PRICES,
TRUCKS-VANS BUSES
JFFPS MICRO BUSES
"HARMONY BETWEEN
MAN AND CAR'
lwb c- m 4


KIAOP IMh.
OKlA MOORS


KIA CARBNS 7 SEATER


UNBELEIVABLE GAS
MILEAGE
ft CABl. ABOUTT tVOB ILPS


Mechanic Shop
* Oil change and grease jobs
* Tune-ups
Brake jobs
W09ee algnment
Wheel balancing
Complete engine overhaul
Valve jobs
Clutch jobs
SRadiator jobs
Automatic tUansmission
repairs
Road service
Air conditioning Installation
and service
Rustproofing
Pati Deparment
Mechanical and body
parts lot Datsun vehicles
res supplied and
mounted
Batteries
Air conditioning units
etc.
Body Shop
Minor major body and




NISSAN 13 SENTRA



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TIDA 4 DOOR SEDAN


NISSAN MURANO


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K1700 HI UiM-Up (1) TON DIESEL


KIACERATO
4 DOOR SEDAN


K10700 H DOUBLE CAB


I III I I IIIII I I


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


-


NISSAN FRONTIER


FRIDAY, MARCH 28, 2008, PAGE 13


THE TRIBUNE






PAGE 14, FRIDAY, MARCH 28, 2008


I LCA IIBBB I0


THIS year's Hellenic Ball will be held land 'i.ige. The blick tiLe '\L'nt I' 1 ini
tomorrow in the Imperia Ballroom iat sponsored b\ CFAL. KL'r/i'IC. I).iii.ii.'s%
Atlaintis The Hellenic Ball Comnit.'e invil- Sothebhy's Internatlional RL,.AlI .nill
ed the public to attend "Byzantium". part The coinmlltce ,lid I s ilid i, plns ci.n
proceeds of which will go to aid the efforts RSVP by calling Irene NMaotihlt 424-.1 1i411 ,i
of The Hope Centre and The Nazareth Cen- contacting Kathryn Kloni in
Ire. The music will be by A Night in Athens There is a $250 donation
, ,'. .. ...,.., .'. '-. . .


HOW IT WAS LAST TIME ...


nt~'qq


utr March 31


Thempssl Blvd. P. 328-1114

Maskey St. Pb. 13-4684
Sereard Oeed. Ph. S93-9463


for a better life


CONTEST RULES
1 Family Guardian's Annual Calendar Photo Contest is open to all photographers. The title for the company's 2009 calendar will be
"A CELEBRATION OF NATURE". Photographs may be of any subject (animate or inanimate) or a scene which is a striking example of nature
as found in The Bahama Islands. All photographs must be taken in The Bahamas.
2 DEADLINE FOR ENTRIES IS MAY 31, 2008. All entries are submitted at the owner's risk.
3 All entries are to be delivered to Family Guardian's Corporate Centre, Village and East Bay Street, Nassau, between 9:00am
and 5:00pm weekdays only. Envelopes should be marked "Calendar Contest".
4 All entries must be accompanied by an official entry form, available at any Family Guardian office as published in the newspapers.
5 Only colour images in horizontal format will be considered. Images must be provided as 35mm film or digital images on CD. 35mm film must
be provided as colour negatives. Digital Images must be of high quality (2700 x 2100 pixels or larger). Digital images showing signs
of photo manipulation, resolution enhancement or compression will be rejected. To ensure the best colour reproduction, digital images should
be supplied in RAW, TIFF or high quality JPEG and in the original colour format the camera uses (LAB or RGB). All entries must be supplied with
prints which will be used In the judging process. (Note: prints submitted without 35mm negatives or CD's will not be eligible).
The photographer's name and photo subject should be written on the reverse of the print.
6 Judging of entries will be based on beauty, interest, composition, colour, originality and quality of photograph. Preference will be given to fauna
photographed in its natural state, rather than in captivity. The photographs selected will appear in Family Guardian's 2009 calendar.
The decision of the judges will be final.
7 A gift certificate valued at $400 will be presented for each of the photographs selected. More than one entry from a single photographer may
be selected. Photographic credits will be given in the calendar. The number of entries per photographer is limited to a maximum of 5 photos.
8 The winning photographs, along with all publication and reproduction rights attached thereto, become the property of Family Guardian
and the company reserves the right to use such in the future.
9 Employees of Family Guardian. its affiliated companies or family members are not eligible
10 Previously published photos are not eligible.
14 winning entries will appear -
in Family Guardian's 2009 calenda

SWinning enti fies receiveI
a ce eIUUI lon ofIUI Ul IIa gift certificate valued at $400 eancn
EnItry deadline Is May 31, 2008


2009 CALENDAR PHOTO CONTEST ENTRY FORM
NAME SIGNATuRE
TEL BUSINESS HOME DATE
P0 BO/ STREET NUMBER OF PHOTOS ENTERED .... .......... ,
Reluln wilh pholos to
ADDRESS i .j1,n J r Irt,,r I I11,, , ,,1 . .I..... , ', I


I I r ,p r, I, hi i n llrA l l i-, i ,T i ITy I)' lilA, a [dl0rCh, l, I3ri n Is: .rl I j,'-] j. ..r,-, InI.
S ir, f' s,0 u, i 'T1n, 1 ,I.ulr M 0,', i l i' .:,l.I.. r ra iv G il i l : ,Tirm irI, [ ... I.,l, ,. Til
l i lr,].ilr iu I, LI i ,] I ,a :: 1 I"l ,, f -Idi u 3ti,.'ir il igrr ,irln ..g "1 r.1


V lll.i C,. t. b, I ,i ir, .l j i . It ili .
ENTRY DEADLINE MAY 31 2008
!r- FAMILY GUARDIAN


u ne ee... e .u .: .e e, n
IN5tlR.4NCE COMPAN1 11All il li g
6............................. - -.1
SALES OFFICES NASSAU I FREEPORT I ABACO I ELEUTHERA I CORPORATE CENTRE EAST BAr ST I FC, FINANCIAL I.ENTRE I Hl)Elidi j ia 1 hAs I I NASS 0 8 *


ilNFLLSWNlG tTlledn[ceii l oolrisp arilk ed


THE TRIBUNE


I CLEDA COTET









TRIBUNE E.



us ness
.FR -I' ,C. C
FRIDAY, MARCH 28, 2008

?- irwirM.w^


'One-stop



shop' plans for



Abaco Markets


* BISX listed firm to add Bank of the Bahamas' Moneygram
and bakery to Nassau Solomon's prior to group roll-out, in
bid to reduce driving and gas consumption by Bahamian
consumers
* 2009 first quarter sales ahead of prior year, with
Christmas sales up 10-12%
* Retail group increases quarterly preference share
repayments from $270,000 to $420,000
* Allocates $250,000 each year for next three years to
energy efficiency
* Margins coming under pressure from price rises
* Lease signing soon for new Domino's outlet out east


By NEIL HARTNELL
Tribune Business Editor
ABACO Markets yesterday
told The Tribune it was adding
extra departments, including a
money transmission business
and bakery, to its Nassau-based
Solomon's SuperCentre before
rolling these concepts out
group-wide to create a "one-
stop" shopping experience that
minimises the impact of increas-
ing gas prices.
Gavin Watchorn, the BISX-
listed retail group's president,
said the company was looking
to incorporate a branch of Bank
of the Bahamas International's
Moneygram business into the
Solomon's store, following
closely behind the pharmacy
that opened there in late 2007.
Mr Watchorn, speaking after
the company unveiled its first


full-year profit for six years, said
a bakery was also set to be
introduced into Solomon's "in
the next couple of weeks", part
of a strategy to transform the
store and eventually all the
company's retail outlets into
'one-stop' shopping experiences
that would eliminate the need
for Bahamian consumers to dri-
ve to multiple stores. In turn,
this would reduce vehicle gaso-
line consumption.


"We opened a pharmacy at
Solomon's in 2007, and we're
looking to add a few more ser-
vices, initially in Solomon's,
then group-wide, by creating a
one-stop shopping experience,"
SEE page 4B


FOCOL to raise $15m

'as soon as possible'


* By NEIL HARTNELL
Tribune Business Editor
FREEPORT Oil Holdings
(FOCOL) will aim to raise $15
million in extra working capi-
tal "as soon as possible"
through a preference share
issue to be jointly placed by
CFAL and Royal Fidelity
Capital Markets, it was
revealed yesterday.
Businessman Franklyn Wil-
son, who speaks for just over
one-third of the BISX-listed
company's shares, thanks to
the holdings in both his name
and that of Sunshine Hold-
ings, confirmed shareholders
approved giving FOCOL's
Board the ability to issue up to
35 million preference shares
at yesterday's Annual Gener-
al Meeting (AGM).
Initially, the company will
seek to place 15 million of
those preference shares with
Bahamian institutional and
retail investors.
Given that the shares will
be priced at $1 each, the total
capital FOCOL expects to
raise will be $15 million. The
SEE page 5B


GREAT GUANA CAY
Turn Key Business
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CFAL and Royal
Fidelity to jointly
place 15m
preference shares,
priced at Prime +
13/4, after
shareholder
approval yesterday


* Wilson says credit/liquidity crunch effects
might linger until 2009 first half
* Bahamas-based resort projects 'predicated
on real estate sales' all impacted


* By NEIL HARTNELL
Tribune Business Editor
THE Cotton Bay resort's chair-
man yesterday told The Tribune
there was "no question we would
welcome additional investors" in
the development, with the global
credit/liquidity crunch that has
made accessing debt financing so
difficult likely to persist until at
least the 2009 first half.
Denying claims that he was
looking to sell his interest in
Eleuthera Properties, the Cotton
Bay project's holding company,
Franklyn Wilson said the project
was still "moving forward".
But he added: "We're not look-
ing to sell out, but there's no ques-
tion this economic climate makes it prudent to
study every possible option. We do not owe
any bank any money, but there's no question we
will welcome additional investors."
Apart from Royal Bank of Canada, which
invested $2 million in Eleuthera Properties,
other investors alongside Mr Wilson are Robert


Millard, Lehman Brothers man-
aging director and head of the
bank's global trading strategies
group, Myrtle Potter, former
president of Genentech Pharma-
ceuticals, and British American
Financial.
Mr Wilson yesterday told The
Tribune that vertical construction
on Cotton Bay's clubhouse was
"at least 60 per cent complete",
with 52 rooms "50 per cent com-
plete". Infrastructure was also "50
per cent complete".
However, the key to Cotton
S 1Bay's further development, and
S those of other Bahamas-based
mixed-use resort projects, was to
achieve a good level of pre-sales
on their residential, timeshare,
condo, lot and other real estate offerings.
Mr Wilson said the fact that many Bahamas-
based resort investment projects were reliant on
real estate sales to generate cash sales, profits
and fund further build out had escaped many
SEE page 4B


'No material fallout' for bank

loan quality from downturn


* By NEIL HARTNELL
Tribune Business
Editor
A LEADING banking
executive said yesterday that
the sector did not expect "any
material fallout" for its asset
and loan book quality from
the potential economic down-
turn, despite the fact that
many Bahamian consumers
are highly leveraged and
could struggle to repay those
debts.
Paul McWeeney, Bank of
the Bahamas International's


managing director, told The
Tribune that the conservative
lending policies employed by
the commercial banking sec-
tor were likely to mitigate any
impact from a downturn in
the Bahamian economy that
could leave borrowers
exposed.
"I think the sector would
be cautious about what it may
experience in the short-term.
But the lending practices of
the system have always been
pretty sound," Mr
SEE page 5B


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PAGE 2B, FRIDAY, MARCH 28, 2008


computer


Misuse Act


'lacks


required


teeth'


* By NEIL HARTNELL
Tribune Business Editor
THE Computer Misuse Act
20903 "lacks the teeth" to
effectively fight financial
crimes committed over the
Internet, a detective with the
Criminal Detective Unit
(CDU) has warned.
Addressing a College of the
Bahamas (COB) Business


Week seminar, Detective
Mark Barrett acknowledged:
"The law that we do have
lacks the teeth. With such
crimes we do have ways and
means of dealing with these
persons through the penal
code and the Telecommuni-
cations Act, because the com-
puter and the Internet are part
of the telecommunications sys-
tem."


John Bain, a forensic and
litigation partner at the
accountancy firm, HLB Gala-
nis Bain, told the seminar that
he believed in certain
instances "a slick lawyer"
would be able to exploit loop-
holes in the Computer Misuse
Act and help their clients
avoid prosecution.
He explained that the Act
allowed Bahamian courts to
try offences that may have
originated outside the
Bahamas, but impacted com-
puters and system networks
based in this nation. In these


instances, it would treat the
offence as if it was committed
in the Bahamas.
Yet Mr Bain said that
defendants and their attorneys
could argue that a virus or
worm, sent from a computer
in say New York, and which
impacted a computer network
or system in the Bahamas,
ended up in this nation by mis-
take.
"It allows a slick lawyer to
get you out of that," Mr Bain
said of the way the Computer
Misuse Act was currently
structured.


He added that under the
Act, the Royal Bahamas
Police Force did not need a
warrant to arrest someone,
merely requiring a suspicion
to apprehend you and confis-
cate your computer equip-
ment and software.
Persons were able to claim
under the Act if they suffered
economic losses of $10,000 or
more, and had one year to file
a claim.
Those convicted of an
offence for the first time could
be sent to prison for six
months or fined $5,000, the


BTC warns over


voicemail woes


THE Bahamas Telecommunications Com-
pany (BTC) yesterday warned its wireless voice-
mail customers that the service was still expe-
riencing problems following a March 7 upgrade.
BTC's vice-president for marketing, sales
and business development, Marlon Johnson,
said "Our upgrade was completed in a few short
days. However, we have been advised by our
technical teams that we are experiencing some
issues with the new platform, which resulted
in many of our customers not being able to
readily access the voicemail platform from their
cell phones and landlines by using *86, 557-
0000 or 557-0001."
Mr Johnson added: "We are also addressing
an irregularity with the 'message waiting' indi-
cator on cell phones, as some customers are
telling us that the indicator is not appearing
when there is a voice message, and the indica-
tor not clearing once customers retrieve their
messages."
BTC technicians and engineers are currently
working closely with the voicemail and related
software vendors, and the company said the
issues are scheduled to be rectified by Saturday
morning.


penalties doubling if convicted
of a further offence.
"The Act follows a lot of
the OECD recommendations
and the model Act for the
European Union as well," Mr
Bain said.
Detective Barrett, who is
attached to the CDU's Com-
m.ercial Crimes Unit, said:
"We do have cyber crime in
the Bahamas,. To what extent
we don't know. We have nev-
er done a threat assessment
to assess the situation, but we
know it exists. We do have the
capacity to deal with cyber-
related matters."
Detective Barrett added
that financial frauds such as
'phishing' and 'skimming', the
former where fraudsters
attempted to obtain you finan-
cial details via e-mail and over
the Internet, the latter copying
your credit card details, were
both becoming more preva-
lent in the Bahamas.
In addition, the Commer-
cial Crimes Unit was now
investigating an Internet
defamation campaign alleged-
ly being waged by a disgrun-
tled employee against their
former boss.
Mr Bain also warned
Bahamians not to respond to
e-mails sent as part of the
Nigerian 419 scam, where
potential victims are sent mes-
sages from purportedly
wealthy individuals in Africa
asking for their bank account
details so they can transfer
money to them.
He recalled how one finan-
cial institution replied on its
letterhead, with the manager's
signature, ordering the scam-
mers to cease sending the e-
mails. These three things let-
terhead, name and signature -
were exactly what the fraud-
,sters.were seeking, Mr Bain'
explained.


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Interested candidates who wish to apply for the above
position should apply in writing to the following:

Gordon Rodland
International Protector Group Limited
Montague Sterling Centre
East Bay Street
P.O. Box N-3924
Nassau, Bahamas

info @ipg-protector.com


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NOTICE

HANG SENG BANK TRUSTEE (BAHAMAS) LIMITED

NOTICE is hereby given that an
Extraordinary General Meeting of
Shareholders of Hang Seng Bank Trustee
(Bahamas) Limited was held at the Registered
Office of the Company, Suite 306, Centre
of Commerce, One Bay Street, Nassau, The
Commonwealth of The Bahamas, on March
19, 2008 at 3:00p.m. The following resolution
was passed:

RESOLVED that HANG SENG BANK
TRUSTEE (BAHAMAS) LIMITED be
voluntarily wound up and that Mrs. Maria
M. Ferere be appointed Liquidator for the
purpose of the winding up.


Dated the 25th day of March, 2008

Maria M. Ferere
Liquidator

s ugsa- s


CLIENT ACCOUNTANT


The successful candidate should have previously worked in
the client accounting department of a Trust Company or
other financial institution. Familiarity with integrated
accounting software required. CPA or CA preferred but not
essential.

Experience to include ability to understand client's financial
and investment needs and be able to perform in-depth
analysis and prepare financial statements in accordance
with internationally accepted financial reporting standards
as well as clients' specialized reporting needs. Experience with
complex accounts, e.g. active real estate development,
leveraged portfolio investments in multi-currencies,
commodities and a broad spectrum of derivatives, et al.


earnedS S

S Sail cl I ea r n
I CRASH
FIVE-STAR R H
H H' rd ronj
fo r iq I f ty
TEST RATINGS frojii
the NHTSA and TOP
Isur I C R
'r
SAFETY awar from
'an OC;a dsInsurance Institute
for Highway Safetye
i- the US.


THE TRIBUNE


- ---' ---


BUSINESS


-`-----------







THE TIBUN FRIDY, MRCH 8, 208,IPGES3


Financial fraud is




'treated too light1v


Bahamian passes

research analyst

examination

RICARDO THURSTON,
a consultant and lecturer with
the Nassau-based NASTAC
Group, the securities and cap-
ital markets training organi-
sation, has passed the
Research Analyst Series 86/87
exam.
This exam, administered by
the New York .Stock
Exchange (NYSE) and
National Association of Secu-
rities Dealers (NASD), is the
professional qualification and
licence required to be a
research analyst for US listed
companies or broker/dealers.
The research analyst is the one
who writes and prepares the
report on the company or
security being analysed.
Mr Thurston (left) is pic-
tured here with Reece Chip-
man, the NASTAC Group's
managing director.


Share

your

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


* By NEIL HARTNELL
Tribune Business Editor
FINANCIAL fraud is "treated
too lightly" in the Bahamas, a
senior police officer is warned,
with the offence "not really pros-
ecuted" as banks and businesses
prefer to "sweep it under the rug".
Detective Superintendent
Edward Smith, a financial analyst
and former head of the Financial
Intelligence Unit (FIU), told a
College of the Bahamas (COB)
business week seminar: "My expe-
rience in the Bahamas is that
fraud is treated lightly. It's not
really prosecuted."
As an example, he said that
while it was correct to prosecute
an armed bandit who held up an
old lady and robbed her of just
two dollars, the fraudster who
used the Internet to commit crime
and often stole thousands of dol-
lars a much higher sum was
rarely dealt with by the law.
"He's barely prosecuted,"
Detective Superintendent Smith


said. "In most cases, financial insti-
tutions have tended to sweep it
under the rug. They don't want it
to be known that they're slack in
the conduct of their business, as
they could lose clients."
Detective Superintendent
Smith said the FIU had not seen
"a whole lot of reports coming in"
relating to cyber crime, although it
was dealing with one case involv-
ing a Bahamas-based financial
institution.
That institution had a Canadian
client who held accounts with it.
In this particular instance, the
client needed to come to the
Bahamas'to conduct business
from those accounts, as there were
no provisions in place for him to
issue instructions via fax or e-mail.
Detective Superintendent
Smith said what took place
exposed "weaknesses in the sys-
tem", as the bank transferred
$24,500 from the account after
receiving instructions in a phone
call from someone purporting to
be the client.


Then, the bank received anoth-
er call from the same individual
seeking to transact a larger sum.
The account did not hold this
money, so the caller asked for
funds in the Canadian client's
Bahamian dollar account to be
converted into Us dollars.
The instructions were sent from
anr Internet Service Provider in
Lebanon, and the funds were con-
verted and transferred to a Japan-
ese bank. Once the transfer had
taken place, the fraudster with-


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P.O. Box N-4853
Nassau
F: 328.1108
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drew the funds from the Japan-
ese bank.
"Only then, after discussions
with the legitimate client, did the
Bahamian bank realise they had
been hoodwinked and that a fraud
had taken place," Detective
Superintendent Smith said.
Noting that the fraud had
encompassed four countries, he
added: "The challenge will be for
law enforcement to reach out and
collaborate with their colleagues.
"Even then, would the


Bahamas be willing to seek their
extradition, spend the kind of
money to bring them to the
Bahamas, and try them in the
Supreme Court?"
Another case the FIU had dealt
with was when they were
approached by a Bahamian man
contacted by Nigerian 419 scam-
mers.
He had asked them to find him
an African wife, and was subse-
quently defrauded out of $10,000
in his search.


* Organized and disciplined
* Excellent oral and written communication skills
* Proficient in PC platform
* Personable

RESPONSIBILITIES WILL INCLUDE:
* Assisting the Marketing / PR director
* Researching, designing, and maintaining a variety of promotional
materials and tools to support the company's image, design
standards and marketing goals
* Producing and editing marketing materials
* Building and maintaining mixed media relationships


*PORTFOLIO REQUIRED*

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

Salary range subject to qualifications and experience.


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LIGHTS OUT AT 8:00 PM,

SATURDAY, MARCH 29, 2008


ULTRAPETROL (BAHAMAS) LIMITED

NOTICE is hereby given of the passing of a
resolution by the Board of Directors of
ULTRAPETROL (BAHAMAS) LIMITED,
effective 17 March, 2008 for the implementation of a
share repurchase program for up to a total of US$50
million through to 30 September, 2008

ULTRAPETROL (BAHAMAS) LIMITED is an
International Business Company incorporated under
the laws of the Commonwealth of The Bahamas.

For more information please contact the Company at:

ULTRAPETROL (BAHAMAS) LIMITED
c/o H&J Corporate Services Ltd.,
Ocean Centre, Montagu Foreshore,
East Bay Street, P.O. Box SS-19084
Nassau, Bahamas
Attention: Mrs. Zarina M. Fitzgerald
Telephone Number: (242) 502-5200
Facsimile Number: (242) 502-5225
E-mail: hjcorp@higgsjohnson.com


INVESTMENT OPPORTUNITY



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


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


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

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

GRAPHIC ARTIST

PROFILE:
Bachelor's Degree preferably in Graphic Design or related field
Proficient in Adobe Illustrator, Photoshop, InDesign
Working knowledge of HTML, Flash and web design
Strong artistic skills in design and layout
Ability to handle multiple projects with changing priorities
Strong production skills
Responsible with a strong work ethic


The College of The Bahamas
Online Registration Schedule



We are excited to announce that you will be able to register from the comfort of
your home or on campus. Campus registration is available at kiosks or computer
labs. Visit www.cob.edu.bsfor more information on Summer and Fall
Registration.

Online Registration Schedule

Registration will occur in groups based on the number of credits earned as per
the table below:

Number of Earned Credits
Academic DayAssigned
Standing Baccalaureate Associate

Seniors 91 or more 46 or more Monday,
31st March, 2008
Juniors 61 90 31 45 Tuesday,
1_t April, 2008
Sophomores 31 60 16 30o Wednesday,
2__ April, 2008
Freshmen/CEES 0 -30 0 15 Thursday,
_________________________3rd April, 2oo008
Open to All n/a n/a Friday,
______________4th April, 2008

STEPS FOR ONLINE REGISTRATION
1. Log onto to www.cob.edu.bs/register
2. Read or download instructions on Online Registration
3. Follow the Online Registration instructions as outlined
4. Scholarship students should take their bill and scholarship
letter to Financial Aid 2nd Floor, Portia Smith Building for
signature and return to the Business Office with signed
documents
5. Non-scholarship students should print their schedule and bill,
and pay their bill by cash, bank certified cheque, Visa,
Mastercard or Suncard.

Please note that Registration for the Summer Term begins @ 9:00
a.m. daily.
There will be no manual registration.


I


FRIDAY, MARCH 28, 2008, PAGE 3B


THE TRIBUNE


4L.-Pp of


r9







PAGE 4B, FRIDAY, MARCH 28, 2008


THE TRIBUNE


FROM page one

Mr Watchorn said. "We're
about to launch Moneygram,
the Bank of the Bahamas ser-
vice, and a bakery in the next
couple of weeks.
"Solomon's is the sounding
board for these things, and
we're looking to add more
departments here and there to
add to the shopping experience
and drive sales throughout the
store."
Mr Watchorn pointed to the
baby department launched in
Solomon's SuperCentre last
year, which he said had helped
to increase sales.
"With the price of gasoline,
shoppers are looking to do
they're shopping in one place
and not have to drive around
town," the Abaco Markets pres-
ident added.
The one-stop shopping con-
cept is nothing new, having
been rolled-out extensively in
the US, Canada and the UK by
major retailers such as Wal-
Mart. By stocking a broad range
of product and inventory, these
stores can meet all consumers'
needs under one roof, helping
to keep them in-store and drive
sales revenues.
The concept is now being
talked about increasingly in the
Bahamas, and Abaco Markets
is not the only retailer to pio-
neer this route with Solomon's
SuperCentre. Robin Hood's
new store off Tonique Williams-
Darling Highway is also target-


'One-stop shop' plans



for Abaco Markets


ing this approach, while
Bahamas Supermarkets has
incorporated a number of
Fidelity Bank (Bahamas) West-
ern Union money transmission
outlets into its stores.
Meanwhile, Mr Watchorn
said Abaco Markets was "see-
ing good year-on-year growth
for 2008" in sales across the
group's retail formats some two
months into the 2009 first quar-
ter. This continued a strong
Christmas season sales trend,
in .which the company's like-for-
like sales (sales from same store
space) were ahead of 2006 by
an estimated 10-12 per cent.
Mr Watchorn, though,
acknowledged that the group's
margins in its food business
were coming under pressure
from its US-based wholesale
suppliers, who were seeking to
recover the extra costs they
were incurring from higher food
and shipping prices.
While Abaco Markets' return
to profitability in the 12 months
to January 31, 2008, had been
driven partly by "better strate-
gic buying", Mr Watchorn said
that "over the last months of
2007 and into 2008, there has
been tremendous pressure on


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pricing from US wholesalers".
These companies were look-
ing to pass price increases, at
least partially, on to their
Bahamian supermarket chain
customers and, ultimately, to
Bahamian consumers. "For us,
with the price control structure,
it is putting pressure on mar-
gins, yes," the Abaco Markets
president added.
He estimated that between
15-25 per cent of the products
sold by the group were subject
to the Government's price con-
trols, although this proportion
varied between the different
retail formats. Solomon's, which
sold a higher proportion of gen-
eral merchandise, such as cloth-
ing, was likely to be the lower
end of that scale, while Cost
Right, which relied more heav-
ily on food, was more towards
the higher end.
Rising electricity costs are
further impacting the cost struc-
tures for Bahamian businesses,
and Abaco Markets is no dif-
ferent, especially given the
freezers it needs to operate 24/7
for its frozen produce. Mr
Watchorn said he "suspected"
the company's electricity bill
had increased by between 15-
20 per cent in fiscal 2008.
"We're allocating a large por-
tion of our capital expenditure
this year on energy, mainly to
do a project to overhaul air con-
ditioning ih our Nassau stores,"
Mr Watchorn said. "We have
allocated a quarter of a million


dollars each year for the next
three years to focus on energy."
The Abaco Markets Board
"haven't made a decision yet"
on when the company might
resume dividend payments to
shareholders, a key considera-
tion in the Bahamian capital
markets, now that it had
returned to profitability.
However, the company had
decided to "accelerate repay-
ment" of its preference share
debt, increasing the quarterly
redemption payments to those
investors from $270,000 to
$420,000. Mr Watchorn said the
first $420,000 payment was due
to go out this week.
"We've made a decision to
use extra cash flow we gener-
ate to pay that back," Mr
Watchorn said. "Our liquidity
will not improve, but we will be
paying off high interest debt in
the medium-term. That is going
to be saving 'X' thousands of
dollars, which will go to the bot-
tom line, and see less cash going
out of the company." Some four
years were left on the prefer-
ence share repayment schedule.
Mr Watchorn said all stores
improved their performance in
2007, due to better execution
and a renewed 'back to basics'
focus. "We reverted back to our
models," he explained. "Our
models had become a little bit
muddled. Cost Right was not
focusing on value for bulk, and
Solomon's had moved away
from the lowest prices in town.
We went back, focused on that,
and it paid dividends for us."
Domino's Pizza had also just
opened its Carmichael Road
location, and is preparing to
open a location out east,
believed to be at the Prince
Charles Shopping Centre. Mr
Watchorn added: "We're just
about to sign a lease. We hope


NOTICE



EXXONMOBIL EXPLORATION VENTURES
(ONE) LIMITED

Pursuant to the provisions of Section 137 (8) of the
International Business Companies Act 2000, notice
is hereby given that the above-named Company has
been dissolved and struck off the Register pursuant
to a Certificate of Dissolution issued by The Registrar
General on the 20th day of March, A.D., 2008.


Dated the 26th day of March, A.D., 2008.


M. Taboada
Liquidator of
EXXONMOBIL EXPLORATION VENTURES
(ONE) LIMITED




WANTED
Applications for the position of
A BUYER AND STORE MANAGER

Experience in buying for a retail store
Experience in managing a retail store
Experience in managing people
Must have excellent organizational skills
Must have excellent customer service skills

Please submit resume and photograph to
SPORT LOCKER,
P.O. Box N-523
Nassau, Bahamas


to open that by summer."
Abaco Markets had seen lit-
tle impact from the global eco-
nomic downturn, and the rip-
ple effects it was having in the
Bahamas, Mr Watchorn point-
ing out that food was essential-
ly recession-proof because it
was a 'must have' for con-
sumers.
In addition, during a reces-
sion people ate in more and
went out less. Its Freeport busi-
ness, though, was feeling some


impact from the "mass shop-
ping taking place" on board the
Discovery Cruise Line
vessel plying the waters
between Grand Bahama and
Florida.
In addition, The Tribune
understands that Abaco Mar-
kets is seeking to purchase the
building that houses its
Solomon's outlet in Freeport
from its landlord, becoming an
owner rather than a tenant. It
has an option to purchase.


Developer: Further investors welcome

FROM page one

people.
With the global liquidity/credit crunch, potential real estate buy-
ers especially those in the US were finding it difficult to access
financing at all, or at the right price. And the threat of a US reces-
sion had also impacted their confidence, causing them to reduce
spending on luxuries such as a Bahamas vacation home.
Describing obtaining access to debt financing as "extremely dif-
ficult" given the current state of the global financial system and cap-
ital markets, Mr Wilson indicated that these problems would car-
ry over into the 2009 first half, making a second difficult consecu-
tive year for the Bahamian economy.
"The best advice we have is that it is likely to linger, at a mini-
mum, until the first half of next year," Mr Wilson said of the cred-
it crunch.
"Everyone is affected by it, and it comes back to the fact that all
these deals are predicated on the ability to get pre-sales."
Mr Wilson said he was urging all Bahamians to listen to the
message being given by numerous developers with Bahamas inter-
ests, such as Harrah's with Cable Beach, the I-Group in Mayagua-
na, Morgan Stanley in Freeport, and Eddie Lauth, principal of
the project slated for Governor's Harbour, Eleuthera.
All were consistently saying that due to the deteriorating global
economy, and problems in accessing debt financing, they were
either slowing down, putting on hold or withdrawing from their pro-
jects.
"When you listen to what all these people are saying, there's a
consistent message that the global capital markets are such that
financing for these types of development is very difficult to come
by," he added.
Separately, sources are suggesting that even Kerzner Interna-
tional's Paradise Island operations may not be immune from the
downturn in the Bahamian tourism industry, although the reason
for terminating 18 posts earlier this week is unclear.
It is understood that Kerzner managers have been ordered to
'tighten their belts' when it comes to spending and expenses, amid
unconfirmed rumours of tie-up between Kerzner and fellow casi-
no operator, MGM.
That, though, could well be linked to a reported joint venture the
two are involved with in Las Vegas.



NOTICE

ESSO EXPLORATION BOLIVIA LIMITED



Creditors having debts or claims against the above-
named Company are required to send particulars
thereof to the undersigned, ,c/o P. 0. Box N-624,
Nassau, Bahamas on or before- 21st April, 'A.D.,
2008. In default thereof they will be excluded from
the benefit of any distribution made by the Liquidator.

Dated the 26th day of March, A.D., 2008:


MaryBeth Taboada
Liquidator
16945 Northchase Drive
Houston, Texas 77060, U.S.A.





NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT

No. 45 of 2000

ASAIC INVEST S.A.



Notice is hereby given that in accordance with Section
137 of The International Business Companies Act No.
45 of 2000, ASAIC INVEST S.A. is in dissolution. The
date of commencement of dissolution was the 14th
day of March 2008. Elizabeth A. Smith of Nassau,
Bahamas is the Liquidator of ASAIC INVEST S.A.




Elizabeth A. Smith
LIQUIDATOR




ICD UTILITIES LIMITED
Notice to Shareholders



The Board of Directors of

ICD Utilities Limited is pleased

to advise that a dividend of

10 cents per share

has been declared to

All Shareholders

of record as at 7th April, 2008

and payable on 21st April, 2008


NOTICE


ESSO EXPLORATION BOLIVIA LIMITED

N 0 T I C E IS HEREBY GIVEN as follows:'

(a) ESSO EXPLORATION BOLIVIA LIMITED is
in dissolution under the provisions of the
International Business Companies Act 2000.

(b) The dissolution of the said Company commenced
on the 26th day of March, 2008 when its Articles
of Dissolution were submitted to and registered by
the Registrar General.

(c) The Liquidator of the said Company is MaryBeth
Taboada of 16945 Northchase Drive, Houston
Texas 77060, U.S.A.

Dated the 26th day of March, 2008.

HARRY B. SANDS, LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company


Pricing Information As Of: C F A L'"
Thursday. 27 March 2008
''. X LISTED & TRADED SECURITIES VISIT WWW.BISXBAHAMAS.COM FOR MORE DATA & INFORMATION
SBIX ALL SHARE INDEX: CLOSE 1.975 81 / CHG 0.01 / %CHG 0.00 / YTD -90.94 / YTD % -4.40
52wk-HI 52wk-Low Security Previous Close Today's Close Change Dally Vol. EPS $ DIv $ P/E Yield
1.92 0.90 Abaco Markets 1.92 1.92 0.00 0.157 0.000 12.2 0.00%
11.80 11.50 Bahamas Property Fund 11.80 11.80 0.00 1.502 0.400 7.9 3.39%
9.68 8.65 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 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%
13.63 10:35 Cable Bahamas 13.63 13.63 0.00 200 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 (Sl) 7.46 7.46 0.00 0.428 0.270 17.4 3.62%
7.22 3.60 Consolidated Water BDRs 4.71 4.67 -0.04 337 0.157 0.052 30.0 1.10%
2.50 2.20 Doctor's Hospital 2.50 2.50 0.00 0.316 0.040 7.9 1.60%
7.90 5.94 Famguard 7.89 7.90 0.01 2.600 0.713 0.280 11.1 3.54%
13.01 12.45 FInco 12.92 12.92 0.00 0.810 0.570 16.0 4.41%
14.75 13.50 FirstCaribbean 13.50 13.50 0.00 0.914 0.470 14.8 3.48%
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%
1000 1000 Premier Real Estate 10 0 0 ) o 00 O0 I 167 0600 86 600-.,
S" Fidelity Over-The-Counter Securities
52wk-.H 52.k-.Low Symbol Bi, d Ak ]. Last Pre %eekl, ,, EPS DI OP. E P E 'eola
1460 14 25 Bahamas Supermarkels 114 6':' 1. :.':' 14 10 1 )99 1 160 0 900 13.4 6 16-;
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 01 0 0 35 -0 023 0000 N M 0 00'
V", -I Colina Over-The-Counler Securitles
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 55 040 RND Holdings 045 05 M 5 045 0023 0000 N/M 0.00%
-":',: BISX Listed Mutual Funds
52wk.Hi 52wk-Low F.r.d Narr.ee N. .VTD "v Lasl ." Mtonin. LD,. $ Vield
1 3041 1 2037 Cc.or.a Bord Fun,a 1 30 134 0 9- r, '0
3.0008 2.6254 Collna MSI Preferred Fund 2.982729* -0.60% 14.89%
1.3837 1.2647 Colina 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%
100.0000 100.0000 CFAL Global Bond Fund 100.00*
100.0000 100.0000 CFAL Global Equity Fund 100.00"*
1.0000 1.0000 CFAL High Grade Bond Fund 1.00"
10.5000 9.6433 Fidelity International Investment Fund 9.6433* -0.20% -8.16%
1. FINDEX CLOSE 918.16 IYTD -3.56% / 2007 34.47%,
BIBX ALL SHARE rIDE a ,e: i." = ....,.. .**. MARKET TERMS YIELD ll 1V2 riontlh divldollds dilvdud by cIosIng price lNAl EY.
52wk-HI Highest closing price In last 52 week Bid $ OBuyll price C ol ii l ; ind FI lfllty
52wk-Low Lowest closing price In last 52 weeks Ask $ Soiling price of Colohi lind idoirty 29 Febunry 2008
Previous Close Previous day's weighted price for daily volume LoIr Prco I ast Iraded over-the-counter price 31 December 2007
Today's Close Current day's weighted price for daily volume Weokly Vol Irading volunir of the prior wook *" 14 March 2009
Change Change in closing price from day to day EPS $ A company's roporlod oirninns por bhoro for the last 12 mills
Dally Vol Number of total shares traded today NAV Not As!nt Voliu
DIV $ Dividends per share paid In the last 12 months N/M Not Mouningful
P/E Closing price divided by the last 12 month earnings FINDEX Trh Fidelity Bahanas Stock Index. January 1, 1994 = 100
(a) 4-for-1 Slock Split Effective Date 8/8/2007
(81) 3-for-1 Slock SplR Effective Date 7/11/2007
...,. .."t, L 'TODl TA CALL.; CFAL 242-O02-Q710 I t FIDELITY 242-3566-7764 / FOR MORE DATA & INFORMATION CALL (2421 394-2503


II ILI


BUSINESS





FRIDAY, MARCH 28, 2008, PAGE 5B


THE TRIBUNE


FOCOL to raise $15m




'as soon as possible'


FROM page one
interest rate that investors in
the preference shares will
receive as the return on their
investment will be Bahamian
Prime + 13/4 per cent.
Given that the Bahamian
Prime lending rate currently
stands at 5.5 per cent, this
means investors who buy into
the FOCOL preference share
issue will be paid an interest
rate of 7.25 per cent.
Mr Wilson said FOCOL
would rely on advice from its
financial advisers as to the best
time to place the issue,
although the current timeline
indicates it will go to market at
some point in the 2008 second
or third quarter.
"We are advised by several
corporate finance houses that
the capital markets are likely


to welcome them," Mr Wil-
son said of the preference
shares. "We will do what is
required to get the paperwork
in place and proceed as soon
as possible."
While CFAL, the former
Colina Financial Advisors, is
FOCOL's corporate and
financial adviser, Mr Wilson
said it would be working joint-
ly with Royal Fidelity Capital
Markets to place the $15 mil-
lion issue.
"We're delighted that both
CFAL and Royal Fidelity
have agreed to co-operate in
the placement," Mr Wilson
said. "We see this as a signifi-
cant, as there have been
reports from time to time that
if CFAL brought something
to market, Fidelity would not
support them and vice versa.
We're delighted that in this


instance that possibility has
been removed."
This development is likely
to have been smoothed by the
involvement of Royal Bank
of Canada, which now owns
50 per cent of Royal Fidelity
Capital Markets' parent com-
pany, Royal Fidelity Merchant
Bank & Trust.
Royal Bank provided a line
of debt financing to help
FOCOL acquire the Shell
(Bahamas) business in early
2006, a deal in which the
B 'amian company was
advised by Royal Bank's glob-
al capital markets team.
The $15 million that will be
raised are intended to help
FOCOL strengthen its capi-
tal base to cope with the
effects of rising oil prices and
the global liquidity/credit
crunch.


Mr Wilson previously told
The Tribune that every $10
rise in the per barrel of oil
price cost FOCOL "a couple
of million more" in costs when
it came to purchasing its
petroleum products.
Asked about how oil prices
were likely to fare over the
remainder of 2008, Mr Wilson
said: "No one knows, but all
our intelligence tells us any
price moves will be upward,
not downward."


U&U Trends is having a


50%10 5% Off

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Brand name urban, office and church wear
for men,.boys and women including
Lacoste, Polo, Coogi, Akademics, LRG
and more.

It's the sale of a lifetime.
4 days only this coming Friday,
Saturday Sunday and Monday
at U & U Trends located in the
Desting Plaza, Farrington Road opp. the
corner leading to the CC Sweeting Sr.
High School. Don't miss it.
Tel.: 328-6786



-L "--F,
LSESVQI

QS^i GSMI


'No material fallout'



for bank loan quality



from downturn


FROM page one
McWeeney said.
"We have always followed
sound, prudent, conservative
lending policies. I would not
expect to see any material fall-
out from these events in the
,short-term. ...
S 'i9storically, we've always
S d "efl sound balance
' sees an d asset quality ioraios.
All in all, we don't expect to
see any material fallout."
According to the latest Cen-
tral Bank quarterly digest,
some 6 per cent of all con-
sumer loans were past due as
at December 31, 2007, mean-
ing repayments were overdue
by 90 days or more. That per-
centage is not bad by global
industry standards, although


Dollar mostly

lower, gold

down in Europe
LONDON
Associated Press
THE U.S. dollar was
mostly lower against
other major currencies
in European trading
Thursday. Gold fell.
The euro traded at
$1.5792, down from
$1.5815 late Wednesday
in New York. Later, in
afternoon trading in
New York, the euro
fetched $1.5795.
Other dollar rates in
Europe, compared with
late Wednesday,
included 99.93 Japan-
ese yen, down from
100.00; 0.9941 Swiss
francs, down from
1.0083; and 1.0143
Canadian dollars, down
from 1.0194.

Pound
The British pound
was quoted at $2.0065,
up from $2.0060.
In afternoon New
York trading, the dollar
bought 99.82 yen and
0.9941 Swiss francs,
while the pound was
worth $2.0055.
Gold traded in Lon-
don at $945.40 per troy
ounce, down from
$945.75 late Wednes-
day. In Zurich, gold
traded at $942.35 bid
per troy ounce, down
from $946.30.
Silver traded in Lon-
don at $18.29, up from
US$18.24.


the banking sector and Cen-
tral Bank will need to monitor
it to ensure it does not worsen
from the $128.065 million in
defaulted debt, out of $2.108
billion into total consumer
loans.
Mr McWeeney said
Bahamian consumers also
benefited from "a pretty sta-
ble interest environment".
With the Bahamian Prime
lending rate changing so infre-
quently, borrowers in this
nation were largely protected
from the fluctuations in inter-
est rates experiences by their
counterparts in the US and
other western countries.
There, interest rates are a
key tool of monetary policy
and controlling credit growth.
with central bankers changing
them frequently according to
economic circumstances. The
cost of borrowing, and repay-
ments, therefore fluctuate con-
siderably, especially for home-
owners with what is known as
'floating rate' mortgages.
In addition, Mr McWeeney
added: "If there is a change
in the underlying Prime rate,
we tend to extend the maturi-
ty date, so payments [on the
loan] stay the same."
Change in the Prime lend-
ing rate, and bank lending
rates, tended to even them-
selves out over the lifetime of
the loan, he explained, allow-
ing Bahamian banks to do
this.
With "most consumer loans
supported by salary deduc-
tions" that service the loan
account directly, Mr
McWeeney said this also pro-
vided some discipline when it
came to repaying these loans.
However, the prospect of
redundancies and reduced
work weeks, as the global
credit crunch and demand for
Bahamian vacations declines,


could hit hard many Bahami-
ans, who are mortgaged up to
the hilt, and with heavy con-
sumer loans and credit cards
maxed out.
Total Bahamian credit card
debt increased by 12 per cent
y r-over-year to hit $256.995
million as at December 31.
2007. This indicates many
Bahamians are increasingly,
relying on borrowing that
attracts the highest interest
rates, some 18 per cent usual-
ly, to finance their activities.
Debt consolidation loans
also increased by 7.4 per cent
year-over-year to hit $496.296
million at 2007 year-end.


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BUSINESS


I


mmm


YJ z 1 0


S ,







PAGE B, FIDAYMARC 28,2008UHEITNBUN


Weak sales, write-downs send

homebuilder Lennar to 1Q loss
MIAMI
Associated Press
LENNAR CORP., one of the nation's largest homebuilders,
said Thursday it swung to a loss in the first quarter as it absorbed
charges to adjust land values, while new home sales and prices
sank amid the stumbling real estate market. '
Stuart Miller, chief executive of the Miami-based builder, said
in a conference call that he believed the economy has slipped into
recession, based onrr factors such as a weakening labor market,
growing jobless claims, and higher food and energy prices.
But Miller expressed hope the housing market, and thus the
economy, could be helped by initiatives that have been or could
be proposed to fix it.
"There is a growing consensus that the deterioration of the
housing market has likely led us into recession, and the stabi-
lization and recovery of the housing market will likely lead us
out," Miller said in Lennar's earnings release. "Accordingly, we
expect that some of these initiatives and the many that are being
discussed will lead to a bottom and recovery."
Lennar reported a loss of $88.2 million, or 56 cents per share,
in the three months ended Feb. 29 compared with profit of $68.6
million, or 43 cents per share, in the year ago quarter.
The results included a 38 cent-per-share charge related to val-
uation adjustments and write-offs of option deposits and pre-
acquisition costs. After those adjustments, Lennar's loss was 18
cents per share.
The adjusted results were better than estimates on Wall Street,
where the mean estimate of analysts polled by Thomson Finan-
cial was for a loss of $1.07 per share. Some analysts include
write-down estimates in their predictions, while others do not.
Sales fell 62 percent to $1.06 billion from $2.79 billion in the
year-ago period. The average selling price'fell 8 percent.
Deliveries of new homes were down 60 percent to 3,596 homes.
New home orders were down 57 percent to 3,045, with a cancel-
lation rate of 26 percent.
Despite the drop in sales and orders, Lennar said it was encour-
aged that it had no outstanding balance on its credit facility and
had $1.1 billion in cash for home building, as of the quarter's end
on Feb. 29. Miller said the "heavy lifting" on impairment charges
was likely over, and the company was seeing improvements in
homebuilding margins.
Investors seemed to respond, with Lennar shares rising 66
cents, or 3.8 percent, to $18.24 in afternoon trading Thursday.
They are still well below their 52-week high of $47.41.
While the quarter's results showed no signs of stabilizing,
Lennar is "staying ahead of the curve by focusing on converting
inventory into cash and by solidifying the company's balance
sheet," Soleil Securities Group Inc. analyst Anna E. Torma
wrote in a report.
The Lennar report comes a day after the Commerce Depart-
ment reported that sales of new homes fell in February for the
fourth straight month, pushing activity down to a 13-year low. The
median price of a new home sold last month dropped to $244,100,
2.7 percent less than the level of a year ago. The median sales
price is the point where half the homes sold for more and half for
less.

Legal Notice



INTERNATIONAL BUSINESS COMPANIES
ACT
(No.45 of 2000)

WESTERN INTERNATIONAL LTD.
In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),
WESTERN INTERNATIONAL LTD. is in Dissolution."

The date of commencement of dissolution is the 14th day of March, 2008

Epsilon Management Ltd.
Suite 13, First Floor,
Oliaji Trade Centre,
Francis Rachel Street,
Victoria, Mahe,
Republic of Seychelles
Liquidator


Legal Notice



INTERNATIONAL BUSINESS COMPANIES
ACT
(No.45 of 2000)

LAUREN ASSOCIATES LIMITED
In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),
LAUREN ASSOCIATES LIMITED has been dissolved and
struck off the Register according to the Certificate of Dissolution
issued by the Registrar General on the 14th day of March, 2008.


FIDES LIQUIDATOR INC.
Arango-Orillac Bldg.,
54th Street, Panama
Republic of Panama
Liquidator




Legal Notice
NOTICE


WHITE HILLS INVESTMENT S.A.
In Voluntary Liquidation


Investment firms tap Fed for



billions to secure emergency



loans, central bank reports


* WASHINGTON
Associated Press

BIG WALL Street invest-
ment companies have jumped
all over the Federal Reserve's
unprecedented offer to obtain
emergency loans, borrowing
more than doubled than in
the program's debut week.
Those firms averaged $32.9
billion in daily borrowing
over the past week from the
new lending program, com-
pared with $13.4 billion the
previous week, the central
bank reported Thursday. The
program, which began last
Monday, is part of the Fed's
effort to aid the financial sys-
tem.
On Wednesday alone, lend-
ing reached $37 billion.
The Fed, for the first time,
agreed on March 16 to let big
investment houses temporar-
ily get emergency loans
directly from the central
bank. This mechanism, simi-
lar to one available for com-
mercial banks for years, will
continue for at least six
months. It was the broadest
use of the Fed's lending
authority since the 1930s.
Last week, Goldman Sachs,
Lehman Brothers and Mor-
gan Stanley said they had
begun to test the new lend-
ing mechanism. The Fed does
not release the identity of the
borrowers using the facility.
The Fed created a way for
investment firms to have reg-
ular access to a source of
short-term cash. This lending
facility is seen as similar to
the Fed's "discount window"
for banks. Commercial banks
and investment companies
pay 2.5 percent in interest for
overnight loans from the Fed.
Investment houses can put
up a range of collateral,
including investment-grade
mortgage backed securities.
Banks averaged $550 mil-
lion in daily borrowing, for


the week ending March 26,
from the Fed's discount win-
dow, compared with $81 mil-
lion the previous week.
Fed Chairman Ben
Bernanke is scheduled to give
lawmakers an updated assess-
ment of the economic and
financial situation at a hear-
ing on Capitol Hill next
Wednesday.
Also Thursday, the Fed
debuted a separate lending
facility where Wall Street
firms can borrow Treasury
securities and put up risky
home-loan packages as col-
lateral.
The Fed auctioned $75 bil-
lion worth of Treasury secu-
rities. Bidders paid an inter-
est rate of 0.330 percent. The
Fed received bids of $86.1 bil-
lion worth of the securities.
The identity of bidders is not
released.
It was the first time the Fed
conducted an auction of this
kind. The next one is set for
April 3.
Demand for Treasury secu-
rities at the auction was less
than some analysts expected,
although that was viewed as a
possible sign of less stress in
the financial system. Still,
many remain wary about
financial conditions.
"It seems like the TSLF
passed its first test," said T.J.
Marta, a fixed-income strate-
gist at RBC Capital Markets.
"On the one hand I'm fairly
positive about the auction.
But on the other hand, we
survived today. ... there is a
whole lot more pain to
come," in terms of more
financial losses from the
housing and credit debacles,
he predicted.
The auction program is
intended to help financial
institutions and the troubled
mortgage market. The Fed
said it would make as much
as $200 billion worth of Trea-
suries available through


NOTICE

NOTICE is hereby given that CHANTIL ISMA of
MARSH HARBOUR, ABACO, 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 28th day of
MARCH 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.



Legal Notice
NOTICE


DRESTON INTERNATIONAL LTD.
In Voluntary Liquidation


Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, DRESTON INTERNATIONAL LTD. is
in dissolution as of March 5, 2008.

International Liquidator Services Inc. situated at 35A
Regent Street, P.O. Box 1777, Belize City, Belize is the
Liquidator.


LIQUIDATOR





Legal Notice
NOTICE


ALUMINE HOLDINGS LTD.
In Voluntary Liquidation


Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, ALUMINE HOLDINGS LTD. is in
dissolution as of February 26, 2008.

International Liquidator Services Inc. situated at 35A
Regent Street, PO. Box 1777, Belize City, Belize is the
Liquidator.


LIQUIDATOR


weekly auctions that started
Thursday.
The goal is to make invest-
ment houses more inclined to
lend to each other. It also is
aimed at providing relief to
the distressed market for
mortgage-linked securities.
Questions about their value
and dumping of these securi-
ties have driven up mortgage
rates, aggravating the hous-
ing crisis. Since the Fed's
announcement of this new
program, rates on some mort-
gages have eased somewhat.
Federal Reserve Governor
Randall Kroszner said in a
speech Thursday that curb-
ing shady lending practices
that contributed to the hous-
ing and credit debacles
should help revive the confi-
dence of the public and
investors.
"Effective consumer pro-
tection can help to restore
confidence in the mortgage
markets and help to preserve
the flow of capital to con-
sumers who wish to purchase
a home," Kroszner said.
Under fire from Congress


for being too lax in its over-
sight, the Fed has proposed
a way to protect homeown-
ers from dubious lending
practices. Subprime borrow-
ers those with tarnished
credit histories or low
incomes have been hurt
the most, although problems
have spread to more credit-
worthy borrowers.
The Fed wants to:
-restrict lenders from
penalizing risky borrowers
who pay loans off early.
-require that lenders
make sure these borrowers
set aside money to pay for
taxes and insurance.
-bar lenders from making
loans without proof of a bor-
rower's income.
-prohibit lenders from
engaging in a pattern or prac-
tice of lending without con-
sidering a borrower's ability
to repay a home loan from
sources other than the home-
's value.
-curtail misleading ads for
many types of mortgages.
-bolster financial disclo-
sures to borrowers.


* ORLANDO, Fla.
Associated Press

OFFICIALS are waiting a week to vote on re-instituting tax-
es on foreign orange juice producers.
The Florida Citrus Department was scheduled to vote Thurs-
day on a proposal for the Legislature. It would change the cit-
rus tax structure to assess fees based on liquid measurements
instead of pounds of oranges grown. That means all juice would
be taxed equally, regardless of where it came from.
Citrus commissioners wanted more time to consider the pro-
posal, because there were so many unknowns.
The state changed its tax rules in 2003 as part of a lawsuit set-
tlement. Importers argued it was unfair to pay a tax that helps
fund advertising for Florida juice while they market a compet-
ing product. The state agreed to allow them to opt out of two-
thirds of the tax.



NOTICE
NOTICE is hereby given that CHANTAL DATILUS of
CARMICHAEL Rd., P.O. BOX CR55647, 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 28TH day of
MARCH, 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N 7147, Nassau, Bahamas.


Legal Notice



INTERNATIONAL BUSINESS COMPANIES
ACT
(No.45 of 2000)

ROSSLAND LIMITED
In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),
ROSSLAND LIMITED has been dissolved and struck
off the Register according to the Certificate of Dissolution
issued by the Registrar General on the 14th day of March. 2008.

Mrs. Gillian Albert
c/o GO TRUST S.A.,
Rue des Pierres-du-Niton 17,
1207 Geneva
Switzerland
Liquidator


Legal Notice



INTERNATIONAL BUSINESS COMPANIES
ACT
(No.45 of 2000)

SWANLEIGH PROPERTIES LIMITED
In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4)
of the International Business Comnpanies Act (No. 45 of 2000),
SWANLEIGH PROPERTIES LIMITED has been dissolved and
struck off the Register according to the Certificate of Dissolution
issued by the Registrar General on the 12th day of March, 2008.


MAYO SECRETARIES LIMITED
Akara Building, 24 De Castro Street
Wickhams Cay I, Road Town
Tortola, BV I
Liquidator


Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, WHITE HILLS INVESTMENT S.A. is
in dissolution as of March 7, 2008.

International Liquidator Services Inc. situated at 35A
Regent Street, P.O. Box 1777, Belize City, Belize is the
Liquidator.


LIQUIDATOR


THE TRIBUNE


PAGE 6B, FRIDAY, MARCH 28, 2008








THE TRIBUNE


FRIDAY, MARCH 28, 2008. PAGE 7B


COISPG


Tribune Comics )

JUDGE PARKER







AIV-R HOM FOR EARNT





PRPENAR HTRME NT


APARTMENT 3-G


BLONDIE


MARVIN

I HAD TO GIVE UP
CRAWLING ON THE FLOOR

00


I'Mt NOT AS YOUNG,
AS I USED TO BE

- O
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NON SEQUITUR





ONIT ou
NR6Tc T? T


mT P'6o > wa 4u>..0wc.


ACROSS
3 Board
game (5)
8 Wall
painting (5)
10 Make
amends (5)
11 And not (3)
12 Salt water (5)
13 Lured (7)
15 Hollows (5)
18 Male cat (3)
19 Small
case (6)
21 Unaffected (7)
22 Pond (4)
23 Close (4)
24 Happiness (7)
26 Refused (6)
29 Manner (3)
31 Equal
odds (5)
32 Elevate (7)
34 Titan (5)
35 English
river (3)
36 Thespian (5)
37 Adjust (5)
38 Mock (5)


ACROSS
3 All round, it upsets most farmers (5)
8 Legally yours, relatively
speaking (2,3)
10 A mountain of geographical
information (5)
11 There's little room for rudeness! (3)
12 Where, "on-Sea", there's said to be
shelter from the wind (5)
13 Wild places where the young
German joined the French (7)
15 Hot drink consumed in smugness,
possibly (5)
18 If you sleep like one, is it a record? (3)
19 County with the fringe on top (6)
21 Comes back to show profits (7)
22 Primates can be a bit of a pest (4)
23 Look for little Bo? (4)
24 Continues like a chap holding a
ridiculous pose (5,2)
26 Girl held by sailors in a time
machine (6)
29 A writer holds it to be a
female bird (3)
31 Poles touring the States with a
woman (5)
32 We possibly take heart
when it's fine (7)
34 With more than one "I", the fool uses
only one dot! (5)
35 Something pulled on (3)
36 A hard case (5)
37 Accommodation for the helot? (5)
38 When upset, could he have caused a
rising? (5)


I cryptic solutions
ACROsS:8, Sh-all-ot 9, Fitting in 13, Harry 14, Ditch 15,
Nowhere 16, Pass-age 17, As-set 18, Madam (rev) 20,
Stall 22, (l)V-end-or 23, LIn-worn 25, Distant 21, Con-sign
30, Wooden 31, P-on-ies 32, Catch 35, There 36, Bee-C-H
37, Numbers 39, Reserve 41, Tiers 42, D-rid-e 43,
Revolvers 44, Mas-cot-s
DOWN: 1, Shorts 2, Play ball 3, Good heavens 4, Tight
spot 5, St-and to 6, In two minds 7, Fine 10, Sh-apes 11,
Strains 12, Sermon 19, Dr-ought 21, AD-1-pose 24, Goes
one's way 26, The y-ear dol 28, M-oment-ary 29, Lighter
30, Wa-l-ery 32, Come-back 33, H-as-ten 34, Observe 38,
Ex-lst-s 40, Shed


DOWN
1 It's not the time to pay too much (5)
2 They're endlessly
ornamental (7)
4 Regrets a ruse going wrong (4)
5 lust the man to master guns,
possibly? (6)
6 From the Netherlands, it can help
with a solution (5)
7 In a depressed area, a uniform is of
worth (5)
9 He's of humble nature (3)
12 There's something to chew in peas
and beans (7)
14 A fortune inld dclothesl!(3)
16 Like the man at the pub, getting
fresh (5)
17 Hers is a fine figure, one imagines (5)
19 A bit of a bargain, dear (7)
20 Oliver Cromwell's special style of
straw? (5)
21 Cultivates the right listeners (5)
23 Gambling game for which you need
a float (7)
24 Start a fire for people led astray (6)
25 The place for salts (3)
27 Anything one ought to
imitate? (5)
28 Idly wandering round central
Streatham several times weekly (5)
30 Goddess of nameless
cereals (5)
32 Custom of being uncooperative? (4)
33 As worn out East in the hot
weather? (3)


. easy solutions
ACROSS: 8, Caution 9, Desperate 13, Realm 14, Brute 15,
Impedes 16, Amateur 17, Gusto 18, Rabbi 20, Hence 22.
Future 23, Silent 25, Freedom 27, Varnish 30, Shower 31,
Armada 32, Tidal 35, Risky 36, Lease 37, Tankard 39,
Another 41, Miner 42, Adore 43, Represent 44, Tabloid.
DOWN: 1, Havana 2, Stampede 3, Fosbury flop 4,
Necessary 5, Apricot 6, Proportion 7, Stud 10, Preach 11,
Nuggets 12, T-shirt 19, Blessed 21, Nervous 24, Day after
day 26, Eveiywhbre 28,Trealment 29, Taverna 30, Streak
32, Tentacle 33. Ladder 34, Florist 38, Adonis 40, Oven


Dennis


)| ( Calvin & Hobbes


DEcQR 5pN',q,
EVER'( YEOR qt- THiS TiME
1I SEN4 YOU q LiS+ oF
ltHqr I wqt- FoR
J HiSM<


r/A4


AR. You INSANE ?. HAIWe
You GoN. SEL-IE. ? Cqwt'
You q4 ?' OR qRE You
J4st Vit4ictive, th'-ss e4
ELT BEt OR. 4ESTRo'YiN
LittLE K-.i' s' ,rE.MS?,./ .1


Never Say Never


South dealer.
North-South vulnerable.
NORTH
46
VAK 105
*A93
9 8 743
WEST EAST
4 AJ 109875324--
V 3 V864
+ 8 +QJ106542
+J2 4AQ5
SOUTH
+KQ4
VQJ972
*K7
*K 106
The bidding:
South West North East
1 V 44 5Y All Pass
Opening lead -- ace of spades.
One of the great fascinations of
bridge is the seemingly endless vari-
ety of unpredictable outcomes it can
produce. Those who have played the
game long enough have learned that
almost nothing is impossible.
This is by way or introduction to
today's hand, where it seems South
must go down one in five hearts, los-
ing a spade and two clubs. But, as
already noted, the word "impossible"
has no place in the bridge vocabu-
lary.
West began by leading the ace and
another spade, declarer ruffing the
second spade with dummy's ten.


Three rounds of trumps were then
drawn, ending in the closed hand.
Even with the ace of clubs in
East's hand, it's not easy to see how
declarer can avoid losing two club
tricks. But South saw a distinct pos-
sibility that given that West
started with nine spades was not
at all remote. If East held six or more
diamonds and three or more clubs
including the ace, the contract could
not be beaten.
Accordingly, declarer next cashed
the king of spades and another trump
to produce this position:
North
*A93
4987


West
1J 109
48
+J2


East
SQJ 10
+AQ5


South
V7
*K7
#K 106
South now led his last trump,
discarding a club from dummy. East
could not afford to part with a dia-
mond, so he discarded a club.
Having forced a club discard
from East, declarer next crossed to
the ace of diamonds and led a club
toward his hand. East could take his
ace on this'trick or the next one, but
all he could get was the q~gacnd the
"impossible" contract was home.


HOW many words of four letters or more can you
make from the letters shown here? In making a
word, each letter may be used once only. Each must
contain the centre letter and there must be at least
one nine-letter word. No plurals, or verb forms
ending in "s", no words with initial capitals and no
words with a hyphen or apostrophe permitted. The
first word of a phrase is permitted (e.g. inkjet in
inkjet printer).
TODAY'S TARGET
Good 20; very good 30; excellent 41 (or more).
Solution Monday.
YESTERDAY'S SOLUTION
admit aimed amid amide dame datum dime
emit fame famed fume fumed fumigate
FUMIGATED game gamed gamut geum image
imaged item made maid mate mated mead
meat mega midge midget mite mufti mute
muted tame tamed team tedium time timed
tumid


DOWN
1 Amusing (5)
2 Of marriage
(7)
4 Difficult (4)
5 Open
shoe (6)
6 Alloy (5)
7 Items (5) ,
9 Decay (3)
12 Bewildered (7)
14 Bed (3)
16 Darkness (5)
17 Chairs (5)
19 Brave (7)
20 Garden
implement (5)
21 Nobody (2-3)
23 Obscures (7)
24 Lust (6)
25 Irap (3)
27 Oust (5)
28 Gold
bar (5)
30 Slumbered
(5)
32 Finishes (4)
33 Under
garment (3)


E-


N


G





F_


AN4 EVERY YEAqR You
CqLLOUSL- I\GNoRE i, qtli
Rm Mr"E PRqIQ" (1 o T'',L S
I Ye4'1- vrqNt at qLL'
Mqt S i45E dEaL?'


4\ KIMT I KRtOW, BWT
W(KNT TO IT FELT OlD
SLEEP ON O 0 T)RITE IT.
ThIS OW-E. --


Tribune

Horoscope


By UNDA BLACK


FRIDAY,
MAR 28


AQUARIUS- Jan 21/Feb 18
When you get in over your head this
week, Aquarius, don't he afraid t
ask loved ones for help. They ar-
always there for you. Be on tire lool-
out for a mysterious Gemini.
PISCES Feb 19/March 20
It seems as if everyone wafts some-
thing from you this week. While )o!
would like to help all of them. i\o
know that you can't. A loved one has
gooxxd news. Celebrate with him or hier.
ARIES March 21/April 20
Don't beat around the huslih shen t
someone asks you a question. It's the
only way to clear the air between yeot
two. This discussion actually wif
strengthen your relationship.
TAURUS April 21/May 21
Keep your opinions to yourself whet
talking with others early in the week
Taurus. That special sonrfeoe needed
your help with a family situation i
Friday. Do what you can.
GEMINI May 22/June 21
An acquaintance asks a favor of \ot
thi4 week. Gemini. Don't agree tI
help until you have all of tire facts. I
will take some effort, but \ou can ge
this person to open up to (. ;
CANCER June 22/July 22
Don't take your bad day at work oul
on that special someone. Remember
your personal life is much more
important than your job. A loved onec
needs your help with a family matter
Do what you can for him or her.
LEO July 23/August 23
Don't accept second best when i,
conimes to your personal life,. Leo. Don'
sell yourself short. A loved one needs;
shoulder to cry on late ini tie "w c'k. Bt
there for him or her.
VIRGO Aug 24/Sept 22
An acquaintance asks to Ihonrro
something very important. W\lile yor
would like to help him or her out
instead, offer him or her ar allemtcnri,
solution to the problem.
LIBRA Sept 23/Oct 23
You have to make an iriportar
financial decision this week,. libra
Don't make a hasty choice. Look :'I
all of the pros and cons., and nV1
loved ones for advice.
SCORPIO Oct 24/Nov 22
Don't let a minor setlbak keep or1i
from going after somicthinrg that \o
want. Scorpio. You easily can over-
come this obstacle it vo\i sta\
focused. A loved one asks. voi ali
important question late in tihe week.
SAGrITARIUS Nov 2IVl)e 2
You really put youi foot illn \u
mouth when out with a friend eailv in
the week. While he or she will be a bit
upset. he or she will understand. Ieeo
plays a key role.
CAPRICORN Dcc 22/,an 20
Don't shy away from a great oppol
tunity to get ahead at \\ ork tiers week.
Take charge of a minor piohliem tliha
arises, and show the higIhel-irips its:
how capable you are.


CHES So y ". o"0rB


Can you checkmate in one? Of
course, you say. But it's not so easy
in today's puzzle, created by
Russian master problemist Leonid
Kubbel. Both sides have been hard
at work marching pawns to the
other end of the board and
promoting to queens, rooks and
bishops, yet the position is quite
legal within the rules of chess. You
would expect there to be several
ways for White to deliver instant
checkmate, but beware. Many
plausible attempts fail because of
long-distance pins, interpositions or
captures. Thus the most obvious try,
1 d8Q, is not mate but an illegal
move. The white pawn is pinned, it
cannot advance from d7 because
that would expose White's h3 king
to check from Black's c8 bishop. So


s, '


1 I d e : h
try again: there is actually only one
white move in the diagr:. which
delivers a legal checkmate. Can pu
crack Kubbels teaser?


LEONARD I'ish ;


Chess 85/8: 1 QeI ,i iss the only legal checkmate.
Mensa: Noodles.
Word ladder: SICK,. lick, ,. iiiw, nie, none. NOI11


CRYPTIC PUZZLE


i


F-;


r Contract Bridge

By Steve Becker


.. .Iw


-;c~


. -- '


nI






PAGE 8B, FRIDAY, MARCH 28, 2008


THE TRIBUNE


.on
WINDING BAY
AR0ACO, *A4AMAS
The Abaco Club on Winding Bay (A Ritz-Carlton managed property) is
accepting applications for the following positions:

Executive Chef
Responsible for all aspects of managing the kitchen and kitchen personnel, ensuring the quality
preparation of all menu items and proper handling/storage of all food items in accordance with
approved standards. Coordinate the purchase of all food and develop menus, maintaining approved
food and labor costs.
Culinary college degree preferable. High School diploma and/or equivalent
Vocational training certificate acknowledged
Certification of culinary training or apprenticeship
3 years experience in a similar position at a 5 star restaurant or resort
Ability to work all stations in the kitchen
Ability to communicate in English with Members, Co-workers and Management
Exceptional skills in long range guest relationship maintenance
Strong knowledge of food control costs and strategies
Use of tracking systems for effective follow-up and customer purchase sequence
Ability to maintain Club's standards, policies and procedures with all kitchen personnel
Membership Sales Executives (2)
Exceptional written and verbal communication skills, organizational skills
Exceptional Telephone skills
Public speaking preferred
Ability to demonstrate strong relationship sales capability
Ability to interface professionally with all members of staff
Generation and execution of an annual business plan
Self generation of business through referrals and other personal contacts
Exceptional skills in long range guest relationship maintenance
Use of tracking systems for effective follow up and customer purchase sequence
College degree preferred
Club Director
Assists the General Manager and is responsible in his/her absence for all aspects of the Hotel's
operations including Rooms Division, Engineering, Catering/Conference Services etc., in accordance
with hotel standards.
* Maximum five (5) years experience in property management for a high end private members
club and development
* Negotiations experience with international destinations clubs as vendor partners
* Responsible for overseeing turnover of physical assets from construction and development stages
to operational
* Knowledge of "fractional ownership" and rental pool arrangements at private membership clubs
is an asset.
* Pre-opening management experience with contractors and sub-contractors is an asset
* Must have eight (8) or more years of hotel operations experience in a luxury full-service
environment, with at least five (5) years at executive level
* Strong proven leadership abilities and a vision for quality and excellence in hotel operations
* Support hotel executives in planning, developing, implementing and evaluating the quality of
products and services given to internal and external customers.

Director of Operations
Assists the General Manager and is responsible in his/her absence for all aspects of the Hotel's
operations including Food & Beverage, Engineering, Catering/Conference Services etc., in
accordance with hotel standards.
* Immediate area of responsibility are the Food & Beverage and Culinary areas, including
pre-offering consultation and purchasing for new restaurants and kitchens
* Knowledge of engineering and construction is key for the right applicant
* Supervision of the engineering area will require knowledge of skills and trades, man power and
recruitment and retention of employees
* Successful applicant must be able to demonstrate experience commensurate with Ritz-Carlton
brand Five Diamond Standards.
* Must have 8 or more years of hotel operations experience in a luxury full-service environment,
with at least 5 years at executive level
* Strong proven leadership abilities and a vision for quality and excellence in hotel operations
* Support club executives in planning, developing, implementing and evaluating the quality of
products and services given to internal and external customers.

Equestriall Manager
Responsible for managing and overseeing the Equestrian Department including responsibility for
budgeting, forecasting, staff scheduling, caring for six horses and the stables and product inventory.
Provides and maintains services to enhance the guests' equestrian experience by performing the
following duties.
* Oversees the maintenance of all tack equipment and repairs equipment as needed
* Ensures that horses are fed, watered and that the cleanliness of stables and surrounding areas are
maintained
* Inspects animals on a regular basis for health and injury and ensures that require attention is
given.
* High school diploma
* Relevant training and five (5) years experience in related field


Director of Finance (Operations)
Provide finance and accounting leadership for a unique resort property. Provide accounting &
financial support for luxury, mixed use membership resort operation. Ensure accurate and timely
on-site financial management, reporting, forecasting and budgeting of all on-site Ritz-Carlton
business units and ancillary profit centers, including the Homeowner & Member Associations.
Safeguard company assets.and maintain a strong environment of financial control. Responsible for
heavy corporate reporting to regional and international corporate bodies of Ritz-Carlton and Marriott
Vacation Club International.
* BS or BA in Accounting or Finance required
* CPA/MBA preferred
* 5-7 years accounting experience in real estate, hospitality or related field
* 3-5 years management experience at senior levels desirable
* Excellent presentation skills
* Strong Human Resources and Training abilities a plus.


Pastry Chef
Responsible for the supervision and coordination of the production of desserts, confections,
ice creams and fancy pastries and must have thorough knowledge of pastries and desserts
* Prepare all pastry and dessert items for buffet, banquet and restaurant use according to standard
recipes
* Visually inspect appearance of all cold food for proper color combination and overall
presentation to maintain appeal
* Supervise all pastry staff including, hiring, training, counseling and discipline
* Schedule appropriate number of staff according to daily needs, banquet functions and weekly
forecasts
* Knowledge of accepted sanitation standards
* Extensive experience with slicers, mixers, grinders, food processors, etc.
SHigh school or equivalent education required, Bachelor's Degree preferred
Minimum of two years experience as a pastry chef in a five star restaurant


Human Resources & Learning Coordinator

Responsible for maintaining and updating all administrative aspects of training and quality, presenting
core training and quality classes, and assisting in the implementation and monitoring of all training
and quality functions in accordance with company's philosophy and hotel's standards. Duties to
include typing memos, updating HR database, maintaining employee files, answering telephones,
fielding questions from internal guests and filing. Maintaining paperwork and processes for selection


process.
* High School graduate
* Organization and effective time management skills
* Human Resources professional experience
* Computer experience (Microsoft Word, Excel, PowerPoint, Access)
* Public speaking experience
* Strong organizational skills, creativity and fesourcefulness
* Very strong interpersonal and relationship building skills
* Highly visible, approachable and professional presence
Please e-mail or fax a copy of your resume and telephone contacts to:
The Director of Human Resources
The Abaco Club on Winding Bay
(A Ritz-Carlton Managed Property)
P.O. Box AB20571, Marsh Harbour
Abaco, Bahamas
E-mail:humanresources@theabacoclub.com OR
Fax #: 242-367-0392
The deadline for receipt of all resumes or applications is Friday, March 28, 2008.
Sorry, no telephone calls will be accepted for these positions.


Commission


officer passes


the Series 7

AN OFFICER with the
Securities Commission's
market surveillance depart-
ment, Kerah Farquharson,
has passed the Series 7 exam
after training with the Nas-
sau-based Securities Train-
ing Institute (STI)
Michael Miller, the STI's
president, told The Tribune:
"Taking the Series 7 course
at STI allows individuals to
expand their knowledge in
the securities industry, and
become more proficient and
effective on their jobs."


Stocks fall after GDP data confirms


modest fourth-quarter growth


* NEW YORK
Associated Press
WALL STREET sank in volatile trading Thurs-
day after the government confirmed that the last
quarter of 2007 did indeed see a sharp economic
slowdown. For the second straight session, the Dow
Jones industrial average fell more than 100 points.
The technology sector was particularly weak after
business software maker Oracle Corp. posted worse-
than-expected fiscal third-quarter sales and issued a
cautious forecast. Meanwhile, data suggesting that
Google Inc.'s revenue from Internet users' clicks
could slow also raised worries about tech stocks.
Oracle fell $1.51, or 7.2 percent, to $19.43, and
Google dropped $14.11, or 3.1 percent, to $444.08.
Financial stocks lost ground Thursday as well,
with investors uncertain about what is in store for the
economy and the troubled financial sector.
But the sense of panic that emanated from the
near-collapse of Bear Stearns Cos. at the start of last
week has lessened, observers say. The Federal
Reserve on Thursday afternoon auctioned off $75
billion in credit to investment banks, whose demand
was solid but not at the desperate levels some
investors had feared.
"GDP was in line, so we're still expanding, even
though we're expanding at a very small rate,': said


Dave Rovelli, managing director of U.S. equity trad-
ing at Canaccord Adams.
"It's definitely a different mind-set than it was
.two weeks ago. A lot of smart people are telling us
to buy on the dips.
"I think we'll be fine as long as there is not anoth-
er Bear Steams out there."
According to preliminary calculations, the Dow
Jones industrial average fell 120.40, or 0.97 percent,
to 12,302.46.
Broader stock indicators also fell. The Standard &
Poor's 500 index declined 15.37, or 1.15 percent, to'
1,325.76, and the technology-heavy Nasdaq com-
posite index fell 43.53, or 1.87 percent, to 2,280.83.
Declining issues outpaced advancers by about 5 to
3 on the New York Stock Exchange, where volume
came to 1.43 billion shares.
The Russell 2000 index of smaller companies fell
9.72, or 1.38 percent, to 692.39.
Bond prices also fell. The yield on the bench-
mark 10-year Treasury note, which moves opposite
its price, rose to 3.55 percent from 3.46 percent late
Wednesday. The dollar rose against other major
currencies, while gold prices slipped.
Light, sweet crude rose $1.68 to $107.58 a barrel
on the New York Mercantile Exchange as investors
grew uneasy about Iraqi oil output after the bomb-
ing of key pipeline in that country.


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