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STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00084249/00988
 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 31, 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: UF00084249:00988

Full Text





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MONDAY, MARCH 31, 2008




Wilchcomh


canidal'


MP hits out over

Mona Vie controversy


E By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
THE MP who has led the attack
against Zhivargo Laing in the
House of Assembly emphasised
yesterday that the Mona Vie con-
troversy is a "scandal" for the
FNM government, while laying
out reasons why the minister of
state should resign.
Frank Smith, a guest on Parlia-
ment Street on Island FM, said the
prime minister, Mr Laing and the
entire FNM Cabinet know that
the minister's involvement in the
rate of duty applied to the juice
drink amounts to a scandal.
The debate over this issue
began in mid-February when Mr
Smith, in the House, questioned
Mr Laing, who is Minister of State
for Finance, over his involvement
in the lowering of the duty rate
on the product which is sold by
his sister-in-law Monique Laing,


from 45 per cent to 10 per cent.
Mr Laing, on March 10, said in
the House that sometime in Sep-
tember, 2007, his brother Tyrone
SEE page 10


1Z


U.

A CYCLIST makes his way through the haze in Jubilee Gardens yesterday, as smoke from the City Dump fire, which has been burning throughout
the week, engulfs the area.


Bahamian firm refutes

claim of failing to

secure oil tanker pilot
* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
BAHAMIAN company Global United Ltd has refuted an alle-
gation that it failed to secure a local pilot for an oil tanker which
grounded off western New Providence at the end of February.
This comes after a high level source with knowledge of the
investigation into the grounding of the 44,788-ton tanker last week
supported a claim previously floated on the day of the incident that
there was no local pilot a navigator with knowledge of Bahamian
waters -. onboard at the time.
SEE page 10


. By ALISON LOWE June. 2 i-17. or at latest b. JanuarN.
Tribune Staff Reporter 2008
alowe@tlribunemedia net NIr Christie accepted the offer
from the Chinese government to
MONTHS after he announced provide $30 million to fund the sta-
that construction was set to begin in dium which they also expressed an
weeks, Minister of State for Youth intention to help build during a
and Sports Byran Woodside said visit to China in 2004.
yesterday that he will "shortly" pro- Meanwhile, Mr Woodside
vide a "full report" on plans to revealed in January this year that,
build the Chinese-funded national although construction of the stadi-
stadium. um had yet to begin, it was expect-
According to statements made ed to go ahead "within the ensu-


CONSTRUCTION equipment
lies near the site of
the planned stadium.


by former Prime Minister Perry
Christie in 2005, the 30,000-seater
sports venue was originally sched-
uled to be completed as early as


ing weeks." However, no obvious
progress has been seen since that
tinmp.e
SEE page 10


Hotels bracing for 'softer' summer


* By NEIL HARTNELL
Tribune Business Editor
BAHAMIAN hotels are bracing themselves for a
2008 summer season that looks likely to be "softer"
than prior year comparatives, although a senior Baha
Mar executive told The Tribune that its two Cable
Beach-based resorts were holding firm on room rates.
Robert Sands, Baha Mar's senior vice-president of
administration and public affairs, said: "The indications
are that the summer will be softer compared to last
year."
He attributed this to the general economic envi-
ronment in the US and global economy, hit by a com-
bination of the credit crunch and declining house
prices and consumer confidence, coupled with the
continued fallout from the Western Hemisphere Trav-,


* No Baha Mar decision on Nassau
Beach, although 'no intent' to
re-open in short-term
* Hotel industry industrial agreements
talks 'narrowing divide' and moving
towards 'end point'
el Initiative (WHTI).
The latter had created more choices for American
vacationers, which typically account for between 80-85
per cent of the Bahamas' tourism base. Choice had fur-
ther been enhanced by the introduction of new hotel
SEE page 10


.0. .0 .. '. ..


ANY TIME...ANY PLACE, WE'RE #1


BAHAMAS EDITION


Man fights
for life after
being stabbed
* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
A FOX HILL man is
fighting for his life in
Princess Margaret Hospital
after being stabbed multiple
times about the body at a
party.
The 21-year-old man,
whose identity has not been
released by police, was
stabbed on Saturday night
at around llpm at a resi-
dence at Sunset Ridge, off
Prince Charles Drive.
Police report that the vic-
tim was attacked by a group
of men, but no motive was
given for the incident. He
has been listed in grave con-
dition in hospital.
In a separate incident
near Shell Service Station at
Milo Butler Highway, a 31-
year-old man from Light-
bourne Avenue, off Far-
rington Road, was stabbed
several times in the
abdomen.
He, too, was attacked by a
group of men.
This victim, whose identi-
SEE page 11


rF







PAG 2 MODAOMRCA3,208EHESRIUN


* In brief

Armed robber

terrorises
pharmacy

AN armed robber terrorised
a local pharmacy on Saturday
when he entered brandishing
what police described as an
"Uzi-type" weapon.
The individual said to be
around 5ft 5ins tall made his
way into the People's Phar-
macy, Carmichael Road, at
1.30pm and demanded cash
before escaping with the mon-
ey through the rear of the
building.
He was carrying a blue and
red bag, according to police.

Woman, 35, In
hospital after

car accident

A 35-year-old woman was
admitted to hospital after
being pulled from her man-
gled vehicle in the early hours
'of Sunday following a colli-
sion with another car.
She and another female
were travelling in opposite
directions on Bamboo Boule-
vard and Thatch Palm Avenue
in Pinewood Gardens when
the crash occurred at around
2am.
One was driving a silver
Honda Accord, the other a
Nissan Sentra.
Police reported that dam-
age to the Sentra was exten-
sive enough to trap its driver
inside. Firemen used 'Jaws of
Life' equipment to free her.
Her injuries were yesterday
said to be not life-threatening.


ETRINATO[RS!


CABLE BEACH




Serious erosion continues


The following report is part of
a series of articles about beach
erosion in Nassau due to con-
struction in the coastal zone. Infor-
mation and photos are provided
by citizens who have documented
erosion on these beaches for more
than 15 years.

M ANY years ago,
despite the advice and
requests of concerned individu-
als, the Crystal Palace hotel was
built on the widest part of Cable
Beach, one of two key beaches
that drive tourism in Nassau and
Paradise Island. The beach was
cut in half by the hotel and its
artificial lagoon.
Today, almost two decades lat-
er, photos show that the beach is
severely eroded. A concrete but-
tress, large pipes and boulders
disfigure what was once a pnce-
less Bahamian beach.
Prior to construction, the gov-
ernment and the developer (Car-
nival Cruises and Continental
Hotels) were warned that the sea
walls would crack, that
the beach would be
eroded and that access
to and along the beach
would be cut off.
Another concerned
party was the adjacent,
Nassau Beach hotel
(then Trust House
Forte) which also
asked government not
to allow the hotel tow-
ers to be built on the
beach as they would
cast shadows on the beach in the
afternoon and cause erosion in
front of the Nassau Beach hotel.
All of these predictions came
to pass. The sea walls that forced
the public to walk into the sea
were cracked by the waves. In
response, the hotel built a large
seawall enclosing a lagoon that
extended hundreds of feet out to
sea. This further blocked beach
access and at one time security
guards tried to stop the public
from crossing the buttress that
was built across the beach.
The hotel advertised the arti-
ficial beach as their new million-
dollar attraction. Today, tourists
sit in the shadow of the hotel
looking at an artificial beach, a
concrete platform and a mossy


- Crystal Palace development cut Cable Beach in half


SWhat happened to the $ 1m bond for beach repair?


PHOTO shows extensive erosion on Cable beach in
front of the Nassau Beach Hotel.


EXTENSIVE erosion extends from Crystal Palace Hotel lagoon
east along Cable Beach and extends towards Breezes. It is
estimated that the beach has lost over eight feet in height
along over one thousand feet of beach frontage.
A ROCKY buttress (left) extends out to sea around the artificial
lagoon built to protect the Crystal Palace Hotel. Several pipes
extend out along the rocks into the sea.


lagoon. Many Bahamians think
this is shabby for a country whose
main attractions are sun, sand and
sea. At the time of construction,
the developers and the govern-
ment claimed they had conducted
environmental studies and cited
the promotion of tourism as a rea-
son to cut through the beach. It
was also stated that the develop-
er would put up a million-dollar
bond for beach restoration. When
the government is asked today
what happened to that bond, their
representatives say they know
nothing about it. In any case,
some professionals claim that $1-
million is not nearly enough to
offset the ongoing coastal dam-
age.
Carnival and Continental


hotels are now long gone, while
one of Nassau's most beautiful
beaches is cut in half and severe-
ly eroded. Bahamians familiar
with the beach confirm that the
hotels have been bringing in sand
in an effort to offset the erosion.
However, the beach continues to
erode down towards the Breezes
hotel.
Further, to now restore the
beach, many loads of sand from
elsewhere in The Bahamas will
have to be dredged, possibly lead-
ing to the erosion of other beach-
es or sandbars in The Bahamas.
If the government had taken
the advice of concerned citizens
many years ago, and built the
Crystal Palace Hotel away from
the beach, the country would still


VIEW looking west shows the Crystal Palace Tow-
ers that were built across the beach at Cable Beach
against the advice of concerned citizens. A severe-
ly eroded beach is shown in the foreground.

Cae Beach eri" photos
tak on September 16,2007


be enjoying the jobs and tourist-
related income from the hotel
without having destroyed the.
beach and cutting off beach
access. The entire north coast of
New Providence is a testament
to failed environmental plans and
poor coastal management. Many
people who have observed the
negative effects of construction
on, and channels through,
Bahamian beaches over many
years, now feel that further envi-
ronmental studies seeking to jus-
tify cutting through beaches
would be exercises in futility.
The Crystal palace hotel and
the Sandyport canal show that
government-approved canals
and/or construction on and
through beaches is responsible


for permanent damage to
Bahamian beaches. Most of this
damage was unnecessary as there
were alternatives available that
would have preserved the beach-
es and the right of the public to
walk onto and along them.
Considering that t~le beaches
and the coastal systems are the
lifeblood of The Bahamas, the
government should immediately
issue a statement confirming that
it will not, under any circum-
stances, allow the further destruc-
tion of the nation's beaches.
If Bahamians are serious about
tourism and the future of The
Bahamas, they must demand that
this kind of wanton destruction
of Bahamian beaches stops imme-
diately. ,


'p~


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i


THE TRIBUNE


PAGE 2, MONDAY, MARCH 31, 2008


J1


i I






THE TRIBUNE MONDAY, MARCH 31,2008, PAGE 3


LOANW


O In brief

Police blitz
leads to drug,
traffic offence
arrests
A THREE-PRONGED
police operation resulted in 62
traffic citations, two drug
arrests, two traffic offence
arrests and the issuance of one
arrest 'warrant on Friday,
according to police.
Office-rs from The Grove,
Carmichael and East Street
South police stations got busy
with "Operation Unity"
between 6.30pm and llpm.
Meanwhile, a firearms arrest.
resulted the following day at
around 6pm after officers from
Central division responded to
a call describing a man with a
weapon :near East and Hay
Streets.
"Officeirs quickly responded
and saw a male fitting the
description given. He was
searched a nd police found a .38
handgun in his waist area," said
Asst Supt Walter Evans.
The main was said to be 25
and from the Hawkins Hill area.
Another weapon was taken
off the stre-ets around an hour
later when police followed up
on information provided by a
concerned c itizen.
Officers from Carmichael
Road police station found a
shotgun containing six live
rounds of annmunition wrapped
in plastic on an abandoned
farm.
While no arrests were made,
Asst Supt Evans said police
investigations into this find are
continuing.

Police detain
man, 42, over
alleged assault on
female neighbour

A 42-year-old man from the
East Street area is in police cus-
tody after he:' allegedly "kicked
in" the front door of a neigh-
bour's house! and assaulted her,
police said Friday.
Asst Supt Walter Evans told
The Tribune that, around 2am
Thursday, the man, a resident of
Palm Beach Street, "kicked in
the front door" of a neighbour's
house and demanded cash from
her.
He then physically assaulted
the female, beating her about
the body, ASP Evans said,
before police were alerted.
Officers from The Grove
police station responded
promptly, AS.P Evans said, and
arrested the assailant. He is now
in police custody.
The condition of the victim
was unknown up to press time.

Man charged with
possessing cocaine
with Intelnt to supply
A 27-yeair-old man was
arraigned in Magistrate's Court
on Friday charged with posses-
sion of cocaine with intent to
supply.
It is alleged that Von Henry
Symonette, of Shirley Street, on
Wednesday, March 26, while at
Freeport, Grand Bahama, was
in possession of 2.3 pounds of
cocaine. The drugs are estimat-
ed to have a street value of
$30,000. Symonette, who was
' arraigned before Chief Magis-
trate Roger Gomez, pleaded
not guilty and was remanded in
custody until today when he will
return for a bail hearing.


"People dump
all sorts of
things, old
mattresses,
furniture,
appliances,
vehicles and
landscaping
debris."


'STOP THE







DUMPING'


GRAND Bahama Power
Company is calling for an end
to indiscriminate dumping on
the island, saying it hampers the
quality of service to residents.
In a press release yesterday,
the company said dumping is a
particular problem in its ease-
ments. These are rights of way
placed at strategic locations that
hold utility poles, some of which
are used for distribution, and
others used for transmission of
electricity to the island.
The easements also house
lines for two other major cor-
porations on the island, BTC
and Cable Bahamas.
The problem has increased
over the last two years, said GB
Power Company. Supervisor of
Contractors and Facility Main-
tenance at the company, Ari-
zona Bain-Bullard, said that
easements, particularly in May-
field Park, Gladstone Terrace,
Sunrise Park and the area oppo-
site Grand Bahama Sports
Complex see the most dump-
ing.
"People dump all sorts of
things, old mattresses, furniture,
appliances, vehicles and land-
scaping debris. You name it and
they dump it," she said.
GB Power Company has also


GB Power Company says

trash is hitting the quality

of service to residents


found that some people have
created fruit and vegetable gar-
dens in the easements in both
Mayfield and Sunrise Parks.
The company has been forced
to spend thousands of dollars
to create barriers to keep non-
employees out of company
easements. To date, the com-
pany said, 49 gates have been
erected.
These barriers, however, have
already been breached, accord-
ing to Mrs Bain-Bullard.
"People are knocking down
the gates, several of them now
have to be repaired or
replaced," she said. "People*
have also been cutting the
chains used to secure the gates,
others are knocking them down
all together."
Garbage in the easements
also slows down the work of
linesmen who have to negoti-
ate through the various types


of discarded waste. Further-
more, dumping creates a haz-
ard for company linesmen when
they are engaged in night
repairs in an effort to restore
service to the community.
"In cases of emergency, lines-
men may have to travel through
easements at night," said Mrs
Bain-Bullard. "Those blockages
make it difficult to see or to
navigate, slowing down the
repair process and causing dam-
age to vehicles in the process.
Basically, this dumping causes
delays which affect the very res-
idents who are doing this."
The GB Power Company
noted there is minimal cost for
residents to properly dispose of
unwanted items. And the more
money the company has to
spend on cleaning up ease-
ments, the less is has to devote
to building better infrastructure
to enhance service to residents.


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MONDAY, MARCH 31, 2008, PAGE 3


THE TRIBUNE


m






PAGE 4, MONDAY, MARCH 31, 2008


THE TRIBUNE


EI **' STITOR


The Lyford Cay Fouhdations
TECHNICAL TRAINING AND
VOCATIONAL SCHOLARSHIPS
Application Is Open
The Lyford Cay Foundations are pleased to announce that applications are
now being accepted for technical training and vocational scholarships
for study in the US, Canada, UK and the Caribbean.
Applicants must be Bahamian citizens and pledge to return to The
Bahamas upon completion of their studies.
Technical training and vocational scholarships are directed primarily at
individuals who wish to train or upgrade skills in areas where there is a
shortage of well-qualified Bahamians in the workforce.
Approved fields of study are agriculture and fisheries; air conditioning
and refrigeration; automotive, marine and aviation mechanics;
computer service technology; construction and related trades including
electrical, carpentry, plumbing, painting and masonry; health care
technology; heavy equipment operations; hospitality, tourism, and
culinary arts, and machine shop and welding.
Please visit our website at www.lyfordcayfoundation.org for additional
information and application forms.
Forms may also be obtained from high school guidance counselors,
The College of The Bahamas Financial Aid Office,The Bahamas Technical
and Vocational Institute, and the Lyford Cay Foundation office. Please
address your application to:The Chairman, Screening Committee.
DEADLINE FOR TECHNICAL TRAINING AND VOCATIONAL
SCHOLARSHIP APPLICATIONS IS MAY 1, 2008.

,o>TioN, 14 Your Dreams. Our Mission.
Inspired Philanthropy for a Better Bahamas

a P O. Box N 7776, Nassau, Bahamas
0 T 242.362.4910 / F 242.362.5449
SE inifo@lyfordciyfound.tion.org
0 o'.'I fo DW www.lyfordcayfoundation.org


The Defence Force



lacks expertise for



courts-martial


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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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



Bad political decisions affect our future

IN A RECENT conversation with Mon- selves for a dollar less at the gas pumps.
signor Preston Moss he recalled a lecture That $1 might bring small, temporary relief,
he had attended at Cornell University but what of the future say in 25 years,
many years ago given by world famous cul- pay back time under the accord?
tural anthropologist Margaret Mead. He The deal was that Venezuela would sub-
was struck by her observation that the way sidise the Bahamas' purchases of oil from
to look at the future is to see it through the PDV Caribe, an affiliate of Venezuela's
eyes of the unborn. It gave him great food state owned oil company. According to
for deep thought. commentators at the time it showed that
Policy makers, for example, would make Petro-Caribe was an oil-for-credit deal. It
sounder and wiser decisions if in solving did not mean lower gas prices.
today's problems they would also consider In, 2006 Mr Miller said that BEC would
how their decisions could affect future gen- be a major beneficiary from PetroCaribe.
erations. He estimated that the electricity compa-
They should see themselves as that child ny could easily save between $10 to $15
standing on the seashore with a pebble in million a year if government signed the
his hand. The child throws the pebble into agreement.
a calm sea. At the moment of contact, rip- However, sharpening their pens and
ples upon ever-widening ripples radiate doing their arithmetic, the combined brains
out from the pebble's impact on the water, at the Nassau Institute showed that the
each ripple gathering in size and intensity Bahamas could owe Venezuela $202 mil-
until the final ripple, now a sizeable wave, lion in five years if BEC were allowed to
is absorbed by the mighty ocean. This is the buy oil under the scheme. The Institute
impact of our decisions on our families, explained that, based on its calculations,
our society, and, depending upon who we over a 25-year period this deal could
are and the magnitude of our policies increase the Bahamas' national debt to
the world. $3.7 billion.
Today our country is desperately trying In 2006 the Nassau Institute spoke with a
to reverse the calamitous social upheaval contact in Jamaica who assured its mem-
caused by many bad political decisions bers that "the price of fuel at the pumps
made even in our lifetime. These decisions, had not dropped in Jamaica since the
often to enrich, a small group...oLfriends I.mplementation of PetroCaribe." The con-
will continue to trickle down, undermining tact added that "his country is using the
future generations. money for budgetary purposes rather than
For example, those actively engaged in, lowering the price of fuel at the pumps."
directly benefitting from, or passively aid- The only long-term beneficiary in all of
ing and abetting the drug trade of the sev- this would be Venezuela's Hugo Chavez
enties-eighties, were greedily thinking only who, by trading oil, is trying to solidify
of enriching themselves. No thought was himself as a Caribbean leader. In his own
ever given to how it would damage our country Chavez has been criticised for toss-
society, or to the crime wave such defiance ing money around while neglecting the
of the law would eventually unleash. Today poverty of his citizens.
we are all paying the price and reaping the In this situation no government would
rotten harvest that too many in our country have to look at the future through the eyes
have sown. of the unborn to know that this is an un air
We thought of Margaret Mead's words curse to put on the backs of Bahamians -
when former minister of trade and industry, present and future.
Leslie Miller, lamented the lack of support Today Bahamians, faced with this crisis,
given him by his political colleagues when will have to cope with their own problems
he wanted to sign the Bahamas onto Hugo and, in changing their lifestyles in many
Chavez' PetroCaribe initiative. Several oth- small ways, try to soften the blow to their
er Caribbean countries signed the accord, pocketbooks. Today we are not the only
while others, like the Bahamas held back. ones who have to be considered. Future
Mr Miller maintains that if the Bahamas generations will curse us if we don't
had signed the accord, Bahamains would remember them in our planning. Being a
not today be paying $5 a gallon for gas part of the PetroCaribe accord is not for us,
maybe a dollar less. Imagine selling our- nor is it for them.


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EDITOR, The Tribune.
I READ with some dismay and
a degree of incredulity the brief
report in your February 22nd edi-
tion under the header "Defence
Force set to court martial offi-
cer". While this might make cap-
tivating headlines, the reality of
the situation is that the Defence
Force lacks the experience and
expertise to prosecute a court-
martial- at least not one that is
likely to meet the constitutional
standard of trial by a fair and
impartial tribunal.
Indeed, as I aim to point out,
some of the problems that would
be associated with such a process
are unwittingly revealed in the
very attempt by the Force to
make this announcement to the
media. Firstly, it is absolutely
improper for a non-commissioned
officer, whether he purports to
be a spokesperson for the Force
or not, to comment on any mat-
ters affecting an officer of such
seniority, especially when they
involve legal proceedings. This is
not a personal criticism of the
spokesperson, who no doubt is
simply following instructions, but
his superior officers ought to
know better. Secondly, although
the prospective offences are not
disclosed, even by the Defence
Force's own omission they are
"minor offences". The terms
"minor offences" and "court-mar-
tial" are not often paired. Courts-
martial are reserved for trial of
only the most serious breaches of
military discipline, or serious civ-
il offences which might be tried
by military tribunals.
This is, es ecially true in the
context of the Defence Force,
which is patterned on the UK
naval discipline system, which
only knows one type of court
martial a general court mar-
tial. These are only convened to
try the most serious offences. In
some of the other services (army
and air force, for example), there
may be court-martials at differ-
ent levels (eg, a divisional court
martial) which may try lesser
offences, and in some cases can-
not try offences by officers at all.
While it is true that proceed-
ings against an officer of the rank
oflieutenant-commander cannot
be taken summarily, there is no
protocol in the Defence Force
which demands that senior offi-
cers must be court-martialed
"even for minor offences". This is
a decision that is taken by the
"convening officer" (see discus-
sion below) and like all discre-
tions it should be reasonably exer-
cised. There is a whole spectrum
of administrative and other
actions which could be taken in
respect of such situations.
Further, the spokesperson fur-
ther compounds the situation by
explaining what might be the
Commodore's motivation for
authorising the court-martial-to
ensure parity between the treat-
ment of "junior officers" (sic) and
senior officers. Firstly, it should
be explained that the distinction
that is intended to be made is not
between junior officers and senior
officers, but between ratings/non-
commissioned officers and offi-
cers. An officer in the Defence
Force is someone of the rank of
midshipman and above; everyone
else (roughly about 90 per cent
of the force) is a rating or non-
commissioned officer (enlisted
personnel). Having regard to the
functions of the Commodore with
respect to the court-martial
process as both the "convening
officer" and a "confirming


tary justice system.
In marches Findlav
Even without the'actual tech-
nical and administrative problems
that have been highlighted, there
are broader jurisprudential con-


authority" (see discussion below
on the case of Findlay v United
Kingdom) it is highly improper
and irregular for the spokesper-
son to comment on any motive
or motivation behind the decision
to court martial anyone. It might
well create the appearance of bias
or some improper or ulterior
motive for convening the court-
martial. Any motive other than
to secure the ends of justice might
vitiate the entire process. As was
said by the military law scholar
David Scheleuter in the context
of the US military justice system
"...as long as discipline even is
listed as a goal or purpose for mil-
itary justice..." the spectre of the
justice system being used as a
rubber stamp" for the comman-
der remains.
Similarly, it is also highly
improper for the spokesperson to
comment on what the likely sen-
tence could be for the alleged
offences. This is a decision for the
tribunal itself, subject (ironical-
ly) to the "confirming authority".
If the spokesperson is purporting
to speak on behalf of the Defence
Force, it might be seen as an
attempt to influence that deci-
sion. Furthermore, it begs the
question as to how the spokesper-
son is able to speculate about the
possible penalties such offences
might attract, having already indi-
cated in the same article that he
does not know what those
offences are.
In any event, this cat-and-
mouse game of secrecy is going to
have to stop shortly, as a court-
martial is an open court like any
other court of justice, subject to
an inherent discretion to hold
proceedings "in camera" if nec-
essary. Therefore, the media and
interested persons will be able to
attend such proceedings and
report on them.
Your article correctly notes
that there has not been a court-
martial in the history of the
Defence Force, and there is good
reason for that. The Defence Act
1979 and Regulations create a
very complex military justice sys-
tem, especially with respect to
courts-martial. They were not
intended to be operated lightly
or whimsically. For all intents and
purposes, a court-martial is equiv-
alent to a Supreme Court trial:
appeal from a court-martial is to
the court of appeal.
A court-martial requires very
many things, legal and procedur-
al, to be done before one can take
place legitimately. These range
om constituting a proper panel
(the Act requires a specific com-
position of officers), preparing an
abstract or summary of the evi-
dence, getting the advice of the
Department of Legal Affairs with
respect to framing the charges,
the appointment of a suitably
qualified attorney as judge advo-
cate, to ensuring that the accused
has adequate time and facilities
for the preparation of his/her
defence, and assigning an officer
or attorney to assist the accused in
his defence, etc.
When tried by court-martial,
the accused is entitled to legal
representation, either at his own
expense or (in more developed
countries) normally under some
form of legal aid scheme. In some
of the other Caribbean countries,
this is done through the Reserve
Officer system, where civilian
attorneys who are also reserve
officers, are assigned to assist the
prosecution and defence.
These are all pre-trial formali-
ties, and we do not even begin to
venture into the legal formalities
and procedures that must be
observed during and after trial.
For example, the rules of evi-
dence are the same as those fol-
lowed in civil trials, and the for-
mat of the trial is basically the
same as that followed in the
Supreme Court for criminal trials.
Based on what has been related
to me, few if any of the pretrial
procedural or legal requirements
have been followed. Also, any
guarantees that the proper pro-
cedures will be followed during
trial are even more remote.
In large part, the Defence
Force's military justice system is
administered by non-legally
trained persons, who have no real
knowledge of the rules of evi-
dence, or any understanding of
legal principles such as the ele-
ments of an offence and the req-
uisite burden of proof, etc. Often,
their efforts are directed towards
the summary trials process, which
can be operated with a lesser
degree of formality than a court-
martial. However, the fact is that
even the summary disposal of
matters has operated to the prej-
udice and disadvantage of many
persons, with no effective means
of redress. This will absolutely
not do for a court-martial, espe-
cially one involving a very senior
officer. It is also important that
persons who are likely to be
called upon to sit on courts-mar-
tial have some training by being
asked to sit in and observe other'
proceedings. As far as I am
aware, none of the persons who
have been selected has ever sat on
a court-martial or even witnessed
one, and none has any particular
training with respect to the mili-


SERVANT
Nassau,
March, 2008.


cerns that need to be considered
with courts martial. Not least of
these is the very important devel-
opments in the UK system as a
result of the 1996 case before the
European Court of J'ustice of
Findlay v United Kingdom. This
case involved an appeal by a UK
soldier who had been tried and
sentenced by a court-martial for
very serious offences, but who
appealed the sentences issued by
the court-martial and which had
been confirmed by the confirming
authority. The European Court
of Human Rights found that the
court-martial process (even
though there was no complaint
of actual bias in the case and
Findlay had pleaded guilty), did
not constitute an impartial tri-
bunal for the purposes of Article
6 of the European Convention
on Human Rights. Article 6 is the
equivalent of art. 20 of the rights
provisions of our Constitution,
which are actually based on the
1954 European Convention.
The Court came to, this conclu-
sion because of the lack of
appearance of impartiality as a
result of the pivotal and multiple
roles played by the convening
officer. For example,, the conven-
ing officer was responsible for the
decision to prosecute, the charges
to be preferred, the appointment
of a prosecutor, and retained
some degree of executive control
of the prosecution (eg, a lesser
plea could not be accepted with-
out his concurrence). He also
selected the president and mem-
bers of the Court (who might
come under his authority or chain
of command, or who might be his
own staff or reported on by him
in their confidential reports). He
was also responsible: for ensuring
the attendance of the witnesses
during the trial. Additionally, the
findings of the court were not
final and were subject to confir-
mation by the "confirming
authority", who was the same as
the "convening officer".
The court found that this mul-
tiplicity of roles and the close
involvement of the convening
officer with the entire process vio-
lated art. 6. Even the position of
the Judge Advocate, a lawyer
with at least five years' experi-
ence, whose job was to advise the
court-martial on matters of evi-
dence and law, did not counteract
the appearance of impropriety.
As a result, the I Kintroduced
radical changes to its military jus-
tice system to correct the struc-
tural deficiencies highlighted by
the European Coiurt, by means
of the Armed Forces Act 1996,
which took effect April 1, 1997.
The result of those changes was to
remove the responsibility for the
court-martial procedure from
under the control of the various
services and insulate them from
commanding officers. Instead, the
functions of the "convening offi-
cer" and confirmingg authority"
have been abolished and distrib-
uted between different military
bodies all of which are indepen-
dent of the service chain of com-
mand. The significance of this
case to the Defence Force, is that
the Defence Act 1979 is largely
patterned on the Naval Discipline
Act 1957, and the procedural
manual Queen's Regulations for
the Royal Navy. Under the Act
and Regulations, the Commodore
has the same powers of the con-
vening officer and confirming
authority, etc, and the other func-
tions and powers similar to the
situation in Findlay.
Madam editor, the upshot of
my letter is to make one very
important point. Persons in the
military, be they officers or enlist-
ed personnel, do not lose the right
to the protection of their funda-
mental and other civil rights. As
Lord Bingham remarked in the
House of Lords decision in R v
Spears (2002), "... a man does not
by becoming a soldier cease to
be a citizen", and he is entitled
to almost all of the rights enjoyed
by citizens, including the right to
a trial by a fair and impartial tri-
bunal. This is a right which courts
have frequently held to be one
from which no derogation is per-
mitted. Phrases like court-martial
might sound militaristic and, by
uttering them, persons might con-
vince themselves and others that
they are accomplishing some-
thing. But the fact is that the
Defence Force owes a duty to its
personnel and the public to prop-
erly understand and administer
its military justice system. Even if
this means that the court-martial
process has to be shelved (indeed
the entire military justice system
needs to be reviewed) until it can
be better administered and until
persons can be trained to ensure
that the proper protections are in
place, then so be it.
In my opinion, it is not at all
accidental that the original British
commanders did not once have
recourse to the court-martial sys-
tem, even though they well
understood it and came from ser-
vices where it was employed.
The current commanders could
learn from this restraint, instead
of giddily invoking processes with
which they are thoroughly unfa-
miliar in an attempt to score
brownie points, even iat the risk of
debasing and further isolating the
very officer corps which gives the
command legitimacy.
I close, Madam editor, in tra-
ditional naval fashion:
I have the honour to be,
Ma'am.
YOUR
OBEDIENT


1






MONDAY, MARCH 31, 2008, PAGE 5


THE TRIBUNE


LOA NW


O In brief

Three baggage
handlers
arrested at
Tampa airport


Planning reforms to 'codify





direction of development'


* TAMPA, Fla.

THREE baggage han-
dlers at the Tampa
International Airport
have been arrested for
dealing with stolen prop-
erty, according to arrest
reports, according to
Associated Press.
Efrain Malave-
Bermudez Jr., 34; Ernie
Azucey, 23: and Juan
Ayende-Nieves, 52, were
arrested Friday on mul-
tiple charges.
The three handlers
were employed by a
company hired by Conti-
nental Airlines, authori-
ties said.
A spokeswoman for
Continental declined to
comment. A telephone
message left for the oth-
er company was not
immediately returned.
The trio is accused of
dealing electronic goods
that included laptop
computers, digital cam-
eras and iPods that were
stolen from the luggage.
One of the men told
authorities he purchased
laptops for $60 and
iPods for $10, an arrest
report said.
Tampa International
Airport spokeswoman
Kelly Figley confirmed
the arrests but declined
further comment. It was
not immediately known
if Malave-Bermudez,
Azucey and Ayende-
Nieves had attorneys.
Avende-Nieves has
been released on $30,0000
bond. Malave-Bermudez
and Azucey remain
jailed, records said.
Azucey's bond is set at
$247,500. Malave-
Bermudez is being held
ofi $52,500 boild. "


Changes to include greater


public access to beaches


* By NEIL HARTNELL
Tribune Business Editor
PROPOSED reforms to
planning legislation will "codify
the direction of development"
in the Bahamas, a senior gov-
ernment minister told The Tri-
bune, making the process more
transparent and "setting a tem-
plate" for future decisions in
this area.
Dr Earl Deveaux, minister of
works and transport, said a
Canadian consultant hired by
the Government was "in the
advanced stages of reviewing
the legislation" in the Town
Planning Act and Private Roads
and Subdivisions Act.
Another Act that the Gov-
ernment was seeking to amend,
the minister added, was The
Conservation and Protection of
the Physical Landscape, which
dealt with the mining and
extraction of Bahamian land.
Among the specific reforms
planned, Dr Deveaux said, were
"greater public access to beach-
es and public spaces" through
the Private Roads and Subdivi-
sions Act. This was "so we have
that enshrined, and don't have a
fight every time a development
comes, particularly in terms of
development in the Family
Islands.
"In Eleuthera now, in areas
like Harbour Island, Governor's
Harbour and parts of Savannah
Sound, as development spreads
we are going to have issues like
that. So before development
becomes too extensive, we
make reservations now and pre-
serve access to our coastline."
Among the proposed reforms
to the Town Planning Act are
likely to be ensuring that each


subdivision and lot retains a
minimum green space; each
subdivision provides adequate
drainage: density is bench-
marked: and that flood plains
and the need to raise buildings
off the ground to prevent flood-
ing is taken into account when
subdivision and building con-
struction is permitted. The pro-
tection of wetlands and stiffer
penalties for excavation are also
among the issues being dis-
cussed.
Analysing the overall pack-
age of reforms the Ingraham
administration hoped to bring
forward. Dr Deveaux said:
"They are of critical impor-
tance. Laws that codify the
direction of development will
set a template for future deci-
sions, and that's what we're
seeking to do. particularly in


light of the real concerns raised
in recent years in New Provi-
dence.
"A more transparent legal
code can only reassure the pub-
lic that their concerns have been
met."
While there were "some
immediate things we need to do
in legislation", Dr Deveaux said
the Act reforms would be
accompanied by a Land Use
Plan.
"That, in and of itself, would
give local government authori-
ties guidelines as to where they
could put what," he added.
A Land and Water Resources
study of the entire Bahamas,
conducted before indepen-
dence, mapped where these
resources were and divided this
nation into a 12-part land use
system. It defined areas where
land could be used for conser-
vation, production and other
purposes.
"It identifies by physical
structure use that land can be
put to for different purposes,"
Dr Deveaux said. "We can use
that as the underlying science
for land use."
He added that the consultant
had been given no deadline by
which to complete her work,
saying she had been given "a
reasonable timeline to produce
the working draft. We're going
to have a public review
and then take it to the next
stage".





322,2157


Man apestd ove allge


A 19-YEAR-OLD
Freeport man was arrested by
police over alleged illegal pos-
session of ammunition.
Officers from the Central
Detective and Drug Enforce-
ment Units went to Tasmin
Circle around 2pm on Friday
in search of a suspect.
On arrival, officers spotted
a young man fitting the
description of the suspect.
However, on seeing the
police, the suspect fled on
foot. He was seen by officers
throwing an object into. bush-
es as he ran.


Chief Supt Basil Rahming
said officers gave chase and
apprehended him.
He was taken back to the
area where he allegedly threw
the object, which turned out
to be a magazine for a 9mm
pistol.
The magazine contained
four live 9mm hollow-point
bullets.
The teen, a resident of Tas-
min Circle, was taken into
custody at CDU for further
investigation.
Charges are expected to be
filed against him today.


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Contest paid a courtesy call on
Prime Minister and Minister of ,r
Finance Hubert Ingraham, cen-
tre, at the Office of the Prime
Minister on Friday, March 28, -
2008.
Nine finalists will compete in
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0 VATICAN CITY
ISLAM has surpassed
Roman Catholicism as the
world's largest religion,
the Vatican newspaper
said Sunday, according to
Associated Press.
"For the first time in
history, we are no longer
at the top: Muslims have
overtaken us." Monsignor
Vittorio Formenti said in
an interview with the Vat-
ican newspaper L'Osser-
vatore Romano. Formenti
compiles the Vatican's
yearbook.
He said that Catholics
accounted for 17.4 percent
of the world population -
a stable percentage -
while Muslims were at
19.2 percent.
"It is true that while
Muslim families, as is well
known, continue to make
a lot of children, Christian
ones on the contrary tend
to have fewer and fewer."
the monsignor said.
Formenti said that the
data refer to 2006. The
figures on Muslims were
put together by Muslim
countries and then provid-
ed to the United Nations.
he said. adding that the
Vatican could only vouch
for its own data.
When considering all
Christians and not just
Catholics. Christians
make up 33 percent of the
world population. For-
menti said.
Spokesmen for the Vati-
can and the United
Nations did not immedi-
atelv return phone calls
seeking comment Sunday.


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PAGE 6, MONDAY, MARCH 31, 2008


THE TRIBUNE







MONDAY, MARCH 31, 2008, PAGE 7


THE TRIBUNE


Cuba and China should be





told: respect human rights


* By SIR RONALD
SANDERS

(The writer is a business execu-
tive and former Caribbean Diplo-
mat)

AT A recent conference
that I attended, a min-
ister of one of the newly elected
Caribbean governments
expressed concern about human
rights violations in Cuba.
Even though the conference
was subject to "Chatham House
rules" that is, nothing said at
the conference could be attrib-
uted to any of the speakers I
was surprised that the minister
made the statement. It was the
first time in my decades of
involvement in matters related
to the Caribbean that I had heard
any serving government minis-
ter, except Jamaica's Edward
Seaga (whose government broke
diplomatic relations with Cuba
in October 1981) express disqui-
et about any aspect of the Cuban
government's human rights
record.
Greater importance has been
placed by many Caribbean gov-
ernments on the assistance that
they have been given by Cuba
particularly scholarships for their
students and doctors and nurses
for their hospitals.
It will be interesting to see if
the remarks of the minister are
actually repeated publicly. If they
are, it would mark a sea change
in relations with the Cuban gov-
ernment; a change that the
Cuban government would dislike
but which is overdue.
Cuba is not a normal country.
The decades-old trade embargo
by the US government and the
enormous amount of money that
it spends on pumping anti-gov-
ernment propaganda into Cuba
as well as financing political activ-
ity, makes Cuba abnormal. In this
context, the paranoia of the
Cuban government with regard
to dissent is understandable.
But, however, understandable
the paranoia is, repressing dis-
sent should not be acceptable.
People all over the world
should have the right to express
their disagreement with govern-
ment policies, including through
marches and demonstrations. It is
up to governments to learn how
to manage dissent; not to try to
stifle it by suffocating human and
civil rights.
To the extent that there is a
discernible and common
Caribbean society, it is one that
has been fashioned in resistance
to slavery, indentured labour,
exploitation and denial of politi-
cal rights. There is no Caribbean
country that did not experience
authoritarianism and none that
did not see succeeding genera-
tions rise up against it.
In most Caribbean countries,
governments have to manage dis-
sent; in some cases they even
have to manage the desire for
separation as in the case of Toba-
go from Trinidad, Barbuda from
Antigua and Nevis from St Kitts.
The notion that any
Caribbean government could
stamp out religious affiliation,
political opposition or break
away factions by trampling on
civil and human rights would be
anathema to most Caribbean
societies. Governments that try
it would not survive very long -
freedom has been too hard
achieved for Caribbean societies
to permit its erosion.
So, if other Caribbean gov-
ernments have to uphold human
and civil rights in this way, why
shouldn't the Cuban govern-
ment? And, why should
Caribbean governments accept
the requirement to respect
human and civil rights themselves
but not require it of the Cuban
government?
A similar situation now exists
in relation to the Peoples Repub-
lic of China which has diplomat-
ic relation with all but five
Caribbean countries that now tie
themselves to Taiwan.
The world's media has been
replete with coverage of Chinese
security forces brutally putting
down rioting in Tibet. The
Tibetans see themselves as dif-
ferent from the Chinese cultural-
ly and spiritually, and they deeply


* SIR Ronald Sanders


resent absorption by China. In
this sense, the claims they make
are no different from claims
made in the Caribbean by Tobag-
onians in relation to Ti-inidad,
Barbudans in relation to Antigua,
or Nevisians in relation to St
Kitts.
Many want full separation
from China, but the spiritual
leader of Tibet, the Dali Lama.
has said that he is willing to con-
cede independence for Tibet and
control of its foreign policy and
defence in exchange for more
autonomy and religious freedom.
The desire for autonomy exists
despite the fact that the Chinese
government poured money into
infrastructural development in
Tibet where the economy grew
by 14 per cent last year, 2 per
cent higher than China's 12 per
cent national average. And, while
,there has been an influx of Han
Chinese, Tibetans have benefited
economically. The fact is that
the Tibetans place greater value
on spiritual freedom and greater
autonomy than on Chinese culti-
vated economic improvement.
In the Caribbean,. govern-
ments came to terms with giving
greater autonomy to parts of
their states that wanted to secede.
Thus, Tobago has its own local
government with a high level of
autonomy as does Barbuda, and
the government of Nevis actually
forms part of the administration
of the federal state of St Kitts-
Nevis. There is always tension in
these relationships but they are
resolved by negotiation, not by
suppression.
Against this history of toler-
ance, respect for human and civ-
il rights, and the willingness to
enshrine in constitutions the right
to autonomy of homogenous
groups, Caribbean countries
should be telling China in clear
terms that its policy of repression
in Tibet is wrong.
At the moment, the biggest
fear that China has is a boycott of
the Olympic Games that are
scheduled to start at eight min-
utes past eight in the evening of
eighth day of the eighth month of
2008.
It is most unlikely that
Caribbean governments would
threaten a boycott of the games
as have the leaders of some coun-


POLICE TRY to drag away a
Tibetan protester outside the Visa
section of Chinese Embassy in
Katmandu, Nepal, Sunday March
30, 2008. Policemen baton
charged and dragged away
scores of exiled Tibetan monks,
nuns and people as Tibetans con-
tinued their protest against China.

tries, such as France's Nicolas
Sarkozy.
Governments of small
Caribbean countries would not
wish to incur the wrath of China
which is now a significant aid
donor to many of them. And,
that position is understandable
particularly as not even the
George W Bush administration
of the US has even hinted at a
boycott of the games, notwith-
standing the curious claim of
Venezuela's President Hugo
Chavez, that the US is promoting
violence in Tibet and is trying to
"sabotage" the Olympics.
Not indulging in ineffectual
grandstanding with Cuba and
China over their human and civ-
il rights iss'ies is one thing, but
telling the two governments, as
friends, that they should respect
human and civil rights including
dissent, is the least that govern-
ments of freedom-loving
Caribbean countries should do.
After all Caribbean governments
would be asking these govern-
ments to do nothing more than
establish and uphold standards
that they are expected to follow
themselves.

Responses to:
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4. Overseeing Preventative Maintenance Program
5. Warehouse supplies controls and re-ordering
6. Managing, scheduling and training of all warehouse staff;
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THE TRIBUNE


PAGE 8. MONDAY, MARCH 31,2008


LOCALNW


April 11th, 12 th &13th


Sir Kendal Isaacs Gym

Registration Open to All
Church Leagues
Bankers Leagues
& Night League Teams


Registration Fee: $150 per team
Deadline for teams entries:
April 6th, 2008
For More Information Contact
bridgetterolle@yahoo.com or
677-4530




CI
COMMONWEALTH BANK

Employment Opportunity

- Manager, Customer Service & Compliance

Commonwealth Bank is committed to delivery of superior
customer service. The successful applicat will play tegral
role in ensuring that consistent high quality service is given
throughout the organization. I,-.

PRINCIPAL DUTIES
Core Responsibilities Include:
Monitoring the Bank's quality service standards to ensure
consistent delivery of high quality service throughout the
organization is systematically monitored in an effort to meet or
exceed our customer's expectations.
Ensuring that all newirevised policies and procedures when rolled
out are being interpreted and followed on a consistent basis by all
branches.
Maintaining ongoing customer (internal, external) relationship and
participates in marketing efforts.
Actively promotes and maintains good working relationships with
customers and business partners
Effectively communicates (verbal & written) to clarify the intent
of policy revision.
Perform all functions in a professional manner upholding the
Bank's Customer Service Standards and Code of Ethics. To
fully comply with the Bank's Security Policies as outlined in its
Security Policy Manual.
Contributes to the learning of others through peer coaching
and mentoring, proactively sharing experiential learning, and
supporting the learning journey.
Actively review and prepare for succession planning making
appropriate recommendations.
Follows and ensures staffs are knowledgeable of and complies
with the Bank's code of conduct policies, anti-money laundering
procedures, information security and information technology
procedures, and all other established policies, procedures and
processes and regulatory guidelines.

REQUIREMENTS & PERSONAL ATTRIBUTES
Candidates should meet the following criteria:
Bachelors degree or higher in Business Management.
Minimum of five (5) years experience in Compliance &
Customer Service
Excellent written and oral communication skills.
Excellent PC skills (Microsoft Office suiie)
Strong organizational skills.
Extensive knowledge of the Bank's Policies and Procedures.
Excellent work attitude, .punctuality and attendance record

The position offers an attractive salary and benefits package
reflecting the successful applicant's experience and qualifications,
including pension plan, medical, dental, vision and life insurance
coverage, allowances and performance based incentives.

Interested persons who meet the minimum requirements
should submit their requests in WRITING by E-MAIL, FAX
or INTER OFFICE MAIL by March 31, 2008, to:


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


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


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WE! Ln







Spring Festival 2008 to showcase handcraft specialists and artists


THE Ministry of Tourism's Spring Festival 2008 is an authen-
tically Grand Bahamian gift and craft show featuring the pro-
fessional work of award-winning handicraft specialists and
artists from Grand Bahama, Abaco and Nassau.
The event will be held on Taino Beach on Friday, April 4.


The Spring Festival is intended to become an annual event to
promote and sell the work of Bahamians producing world-
class, authentically Bahamian products.
Pictured are Bahamian handicraft specialists whose work
will be displayed at the event.


_.___._r_"__"____"__,,_________________ "h
Tr_______________


7.30am
8:15am -10.009am


10:00iam -l10:30lam
10:30ati 12:00pi












12.15pm- 1.00pm
1:00pm.n 2:30pm












2.301pm 4,00pm


UNIVERSITY OF THE WEST INDIES, THE BAHAMAS
2nd ANNUAL RESEARCH DAY
SCHOOL OF NURSING AUDITORIUM
NASSAU, THE BAHAMAS
FRIDAY, APRIL 11, 2008
"HEALTH ISSUES IN THE BAHAMAS PUBLIC SECTOR"
8.15am 4.00pm


Registration (Only Required for CMI credits)**
Official Opening Ceremonies


The RBC Royal Bank of Canada Lecture:
Asbestos Exposure in Hospital Workers
Dr. Henron Scarlett Lecturer Community Health & Psychiatr) University of the West Indies, Jamaica
A Health Profile of Workers in a Major Union in The Bahamas
Mr. Ierrance Fountain. Epidemiologist. Bahamas
The Burden of Chronic Non-Communicable Diseases in the Bahamas
Dr. Yitades (Gebre. PAl 10 health Surveillance and Disease Management Advisor
Coffee Break and Visit Exhibits
The Impact of Occupational Injuries in The Bahamas
Dr. Kevin Bowle. Medical Director. National Insurance Board
Il)sparity in Health Care The Value of Population Based Research
Dr. Rosebud Foster. Professor of Public Health, Nova Southeastern University. Florida
A Healthy Lifestyle Initiative at the Public Hospitals Authority
Dr. I'. Conlilfe Resident Famil, Practice. Dr. Glen Beneby, Rhoda Bullard. Lisa Hall -Rickets
Consultation Liaison Psychiatry in the Princess Margaret Hospital
Dr. Tim Barrett Associate Lecturer U\WI Consultant Psychiatry
Knowledge, Attitude, Behavior and Practices of Advance Directive Use in the Jehovah's Witness
Population in The Bahamas
Dr. Hanna-Mahasc Dr. Tim Barrett, Associate Lecturer U WI Consultant Family Practice
Brown Bag Lnch& Vivil iExhibits
Risk Factors of Cardiovascular Events in the Bahanian Population
Danielle Strachan & I leslord Bnroks Medical Students, Dr. Sebastian Peter UWI
The Unhealthy Caribbean Lifestyles: Can Current Health Intervention Strategies Change 'Things'?
Professor I lenn Fraser Dean, School ofClinical Medicine & Research I IWI, Barbados
Drug Use Survey of juvenile Offenders at the Simpson Penn Centre for Boys and the Willie Mae Pratt
Centre for Girls in Nassau, Bahamas
Ms Denotrah Archer Medical Student WIl
Needle Stick Injuries at the PIMI
Dr. Dorsette-Willianms Nurse I). Thompson Imtploc ee I health Princess Margaret Hospital

Absenteeism in the Workplace in the Public Sector Is This a Public Health Issue?
D'r. Robin Robetis Associate I.crltoiwr \VI (Consultlnt Surgei


**N.IL No Registratlon Fees


Ixhibils on display and demonstrations hb WI Cl I IM


I'iFr Further lMraim n: ( tion: ltacti s. Pearl Itollilngsworth at 325.2320 or 321-2862 Eti. 2735


s1:U lIrI


PICTURED AT the 5th Annual
Grand Bahama Car Show held
over the weekend at the RND
Shopping Plaza are some of the
Quality Auto sales team. Quality
Auto is part of the New Car Fed-
eration of Grand Bahama who
host this annual event each year.
The event returned to it's March
event date and was well attended
by local customers.



Grand Bahama

gets into gear

with the fifth

annual car show

FREEPORT, Grand
Bahama After all the
Easter rain the New Car
Federation was thrilled to
have the sun shining for
their fith Annual Car
Show.
Held at the RND Plaza
mall parking lot on Satur-
day, the annual event,
which was held in Octo-
ber last year, returned to
its normal March slot in
the local calendar and was
well attended by locals
looking for good deals.

Attendance

In attendance were all
of Grand Bahama's 'new
car' companies: Freeport
Jet Wash, Quality Auto
and Holiday Auto, who
formed the New Car Fed-
eration five years ago.
"As a team we are able
to put this show on," said
Karl Martin, Group Con-
troller Quality Auto. "As
we don't have a mall like
Nassau we have to create
a venue for a show, RND
gives us a popular loca-
tion and we bring in tents,
tables and hopefully lots
of customers."
This year the dealers
showcased over 30 of
their most popular vehi-
cles, they ranged from
Range Rovers, Fords,
Toyotas, Land Rover's,
Suzuki's, Volkswagen,
Hyundai's and many
more.


I


*


- --- --


~~~~~--- -


---:---------





THE ~ ~ ~ ~ ~ ~ ~ ~ OA TRBNNONAMRCW1S00,PG


Poets express


themselves


THE AUDIENCE
are kept laughing
during the
latest session of
'Express Yourself'.


POET MS. KEISHA ELLIS shares her poetry during the latest session of
"Express Yourself," on March 26, 2008. The event, held at 'The Hub' on
Bay Street, is an open mic forum for poets, musicians and performance
artists to share their work. The next session will take place Wednesday,
April 2, 2008, at 8:00 p.m.


i. .





POET AND cultural icon Mr. Obediah Smith shares his art during
the latest session of 'Express Yourself'.


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I


MONDAY, MARCH 31, 2008, PAGE 9


THE TRIBUNE


I







PG 10,II MNDAY MARCH 31,2008 THEtltTRBUNILL


FROM page one Laing 'scandal'


Laing contacted him and advised
him that the Customs depart-
ment had changed the rate from
10 to 45 per cent on the product.
Mr Laing's brother further
alleged that someone who had a
contact in Customs used that
influence to have this change
made.
Mr Laing admitted at the
time that his initial response to
his brother was that he should
not get involved, since the mat-
ter involved his family. Howev-
er, Mr Laing admitted that he
involved himself, thinking it
unfair for someone who had a
contact in Customs to have a
rate changed.
He then contacted the Sec-
retary of Revenue, Ehurd Cun-
ningham, and was told that the
rate was changed to 45 per cent,
and that it was not normal for
this to be done in the middle of
the budgetary year.
Mr Laing said the revenue
secretary instructed the Cus-
toms department to allow the
lower rate to remain until the
end of the budgetary year, for a
proper review of the matter.
John Rolle, acting on advice
from the World Customs
Organisation, subsequently
reclassified the Mona Vie drink.
in the category that receives the
higher duty rate.
However, Mr Laing further
involved himself in the affair
after.Mr Rolle's decision.
"I discussed the matter with
the Financial Secretary and also
with the Secretary of Revenue
and it was both their views that
it was not the usual practice for
rates of customs duty to be
changed in the middle of the
year.
"It was noted that small busi-
ness operators who had been
importing and distributing the
product having been charged
the 10 per cent rate would suf-
fer serious hardship if the rate
was suddenly increased to 45
per cent in the middle of the
financial year," he told fellow
MPs. ....
"It was further agreed that it
was reasonable enough to allow
the 10 per cent rate to.prevail
until a review during the
upcoming budget process. This
would permit the importers to
be advised of a proposed rate
change at the beginning of a
budget period as is the norm.
This view was consistent with
the directive originally given by
the Secretary of Revenue in
September, 2007, when the mat-
ter first arose. I penned instruc-
tions reflecting the consensus


and the matter was left there,"
he said.
It is this decision to keep the
rate at 10 per cent, based on
Mr Laing's intervention and
instructions, that is the source
of the controversy.
Mr Smith said yesterday that
Mr Laing should not have got
involved in this matter at any
point.
"The only thing is that he
allowed his family to exploit
their access to him," he said.
"There is a word to describe
that: nepotism."
Mr Smith also laid out three
reasons why the minister
should resign. The first is that
he initially failed to rescue him-
self from involvement in a mat-
ter involving his family and the
department under his authority.
Secondly, Mr Smith claimed
that Mr Laing did not give Par-
liament the full report he
promised. He only attempted
to answer certain questions
posed by the PLP, claimed Mr
Smith, rather that providing full
disclosure.
And thirdly, the MP alleged
that Mr Laing should resign as
no official investigation was ini-
tiated by him regarding his
brother's claim that someone
improperly influenced the Cus-
toms department's decision to
initially change the drink's clas-
sification from 10 to 45 per cent.
The controversy over the
change of duty on the drink
escalated when the recently
retired Comptroller of Customs
John Rolle, in an interview with
The Bahama Journal, claimed
that placing the drink back into
the wrong duty classification
was improper and illegal.
The PLP has since called for
Mr Laing's resignation over
what it charges is a conflict of
interest on his part in this affair.
If he does not resign, the oppo-
sition has called for the prime
minister to remove him from
his post.
Mr Ingraham has rejected the
request and has strongly
defended Mr Laing.
"I have reviewed all the facts
and circumstances surrounding
the allegations made against
Minister of State Zhivargo
Laing by the Opposition and its
various spokespersons. I have
concluded that Minister Laing
acted within the scope and
ambit of the authority delegat-
ed and entrusted to him by
myself as Minister of Finance,"
said the prime minister in a
press statement last Wednes-
diafr?


FROM page one


Fleshing out that claim, the source
alleged that Global United Ltd (GUL)
was responsible for hiring a pilot for the
Shell managed and operated tanker but
disputes over fees to these pilots had
contributed to it not obtaining a pilot
for The Ficus oil tanker.
GUL is owned by Jackson Ritchie,
who ran on the PLP ticket in the Clifton
area in the May, 2007, election. The
company's website describes it as a "full
service ship agency, logistics and travel
management company" and also notes
that the company's services include
"arranging pilots".
However, Mike Hall, an operations
manager at the business, yesterday
described the claims concerning GUL's
alleged involvement in the affair as "not
factual," adding: "Shell International is
responsible for their vessels."
He said: "I'll be honest with you, that


information isn't factual. Other than
that, I mean you guys can contact Shell.
Shell actually pays the pilots. Shell is in
charge of all their ships ultimately and
those statements are not factual."
The Tribune attempted to contact
Shell spokesman Tim O'Leary for com-
ment yesterday but a message left was
not answered up to press time.
When the allegation that the ship may
have lacked a local pilot at the time of
the grounding was previously put to
Shell International Shipping and Trading
Company's Oil Fleet Manager Captain
Jeremy Hudson during an early March
press conference, Mr Hudson remained
silent, deferring to Minister of Labour
and Maritime Affairs Dion Foulkes.
Mr Foulkes then responded by stat-
ing that a full investigation would be
carried out. Immediately afterwards, all


FROM page one Woodside


Speaking yesterday from Aru-
ba, where he is attending the
XXIII Carifta swimming cham-
pionships with the Bahamian
team, the minister said that,
while he did not wish to com-
ment on the issue at present, a
report would soon be released
so that the public can be kept
abreast of the matter.
His ministry which has lead
ministerial responsibility for the
project is currently "in dialogue
with the Ministry of Works and
the Chinese ambassador" about
the project, he said.
With the departure of Ambas-
sador Yi Luanming earlier this
month, the Bahamas is awaiting
the arrival of a new Chinese rep-
resentative.
The non-existent stadium's
history has been characterized
by several grandiose pro-
nouncements and unmet dead-
lines.
Ground was officially broken
on the site of the much-touted
state-of-the-art venue during a
ceremony on Independence Day
in July, 2006;
Mr Christie said at the time
that the move "symbolise(d) the
commencement of the construc-
tion of the stadium," while for-
mer Minister of Youth, Sports
and Housing Neville Wisdom
said then that the project was
"right on track."
However, close to two years
on from those statements and 11
months into the FNM adminis-
tration's term in office, con-
struction to date continues to
remain largely symbolic with
scant evidence of on-site activity


and little explanation offered.
One plan that did proceed
according to schedule was the
demolition of two Bahamian
sporting venues Andre Rogers
Baseball Stadium and the
Churchill Tener Knowles
National Softball Stadium to'
clear the ground for the antici-
pated facility.
In January this year, Mr
Woodside said that these stadia
had been "prematurely demol-
ished" and the project had expe-
rienced an "absence of thorough
planning" in previous years.
Such statements would appear
to be supported by reports in
September, 2006, that a lack of a
building permits held up the
intentions of a Chinese con-
struction crew which arrived in
the country to begin work on the
multi-purpose facility.
Meanwhile, Thomas Robin-
son, chairman of the National
Stadium Development Commit-
tee, also noted then that the
"language barrier" was a major
hindrance, to the project's
progress.
Queried about the matter in
February this year, Prime Min-
ister Hubert Ingraham said he
was "not fully aware of the
details" of the project's status
but was awaiting a briefing
which he expected to apprise
him of when "some evidence of
activity" will be seen.
The Tribune attempted to
reach stadium project manager
and former sprinter Iram Lewis
for comment yesterday, but was
-unsuccessful up to press time.


three Shell representatives present
quickly left the conference, citing the
fact that the salvage operation was in a
"critical period."
The probe into the cause of the
grounding, which occurred on February
27 at around 9am, is being undertaken
by both the ship's flag state, the Isle of
Man, and the Bahamas.
While the double-hulled ship was suc-
cessfully moved without any oil leakage
reported, the Bahamas Environment Sci-
ence and Technology Commission is
seeking outside help in carrying out an
assessment of damage to the underwater
environment as a result of the
incident.
The findings of that inspection are
expected to feed into recommendations
as to what compensation the govern-
ment may demand from those involved.


one Hotels


inventory throughout the
Caribbean. transform Cable Beach.
Describing these trends as "the However, Harrah's decision to
pivotal issues" and "key elements", unilaterally withdraw from the joint
Mr Sands said: 'We do see some venture partnership with Baha Mar
glimpses of improvement, but it's has effectively left the project in
not a sustained position. We do see limbo, and postponed any demoli-
some softness in the market, but tion of the Nassau Beach Hotel.
we're not seeing major erosion of Mr Sands said that while Baha
rates, certainly at the Wyndham. Mar did not intend to re-open the
We've seen a major improvement Nassau Beach Hotel "in the short-
at the Sheraton." term, we're in the process of
He attributed the two resorts' reviewing our position on that. The
room rate stability to the $150 mil- plans have not changed to date.
lion capital improvements under- Until such time as a decision is tak-
taken by Baha Mar after they en, we're not able to say one way or
acquired the resorts in April 2005. another".
The major change saw an $80 mil- Mr Sands, together with Kerzn-
lion investment to upgrade the for- er International executive, J Barrie
mer Radisson resort and re-brand Farrington, is heading the Bahamas
it under Starwood's Sheraton Hotel Employers Association's
brand. (BHEA) negotiating team over a
"The reality is that the capital new industrial agreement for the
improvements that have been hotel sector with the Bahamas
invested in the Sheraton and the Hotel, Catering and Allied Work-
Wyndham are, we believe, having ers Union (BHCAAWU).
positive effects and eliciting good "The two parties have been
customer service comments. That meeting on a regular basis, and
augurs well for a sustained future we've begun to narrow the divide
for us," Mr Sands said. that separates us," Mr Sands said.
During the recent Easter week- "I think we're progressing towards
end, traditionally among the busiest getting to an end point. The two
times for Bahamian resorts, the parties have put a lot of time into
Wyndham enjoyed 100 per cent these negotiations.
occupancy, a performance repeat- He described the industrial
ed over the weekend just gone. Mr agreement talks as "pivotal" for
Sands added that occupancies at the tourism and hotel industries
the Sheraton were also "very and the wider Bahamian econo-
respectable", given that 75 rooms my, as it set the framework for
were still out of action. business and investor confidence,
He added, though, that no deci- "and ensure employees get the
sion had been reached over the right type of compensation for the
now-closed Nassau Beach Hotel. jobs they perform".
That resort was closed during the "It's going to be a tremendous
first week of January 2008, in antic- balancing act for us to ensure both
ipalionhatitw6bldbniliiblisidd' thb" 6aIs'are met,-" Mr Sands
Sas part 6f the $2.6 billion project to' akad &I-


Bahamas Bus & Truck Co., Ltd.

Montrose Avenue

Phone:322-1722a Fax: 326-7452




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Bahamian firm refutes claim


FROM page


PAGE 10, MONDAY, MARCH 31, 2008


THE TRIBUNE






MONDAY, MARCH 31, 2008, PAGE 11


LOACALNEWS


PM's comments on Albany development


ALTHOUGH in his opinion
Albany had not chosen the ideal
location for a channel and mari-
na, it did not mean that his view
was right and the PLP government
was wrong in approving the pro-
posal, said Prime Minister Hubert
Ingraham.
However, he said, he had been
told by officials that during dis-
cussions leading to the conclusion
of the Heads of Agreement with
the developers of Albany it was
recommended that the developers
post an environmental bond that
would be readily available to rem-
edy any damage that might result
from the dredging of the marina.
Mr Ingraham said reports indi-
cated that the discussions were for
a bond between $1 and $5 million
be put up by the developers. The
final Heads of Agreement signed
with Albany by the PLP govern-
ment, and tabled in the House by
his government after the 2007 elec-
tion, required a $1 million envi-
ronmental bond. He said it would
be instructive if the former PLP
government "would say why they
came down on the side of the low-
est of the figures that were dis-
cussed during the course of nego-
tiations and discussions."
Mr Ingraham was speaking in
the House of Assembly on March
6 on the Albany development res-
olution.
"There have been many con-
cerns raised about the environ-
niental impact upon southwest
New Providence, which will result
from this development specifically
as it relates to the cutting of a
channel to permit the creation of a
marina," Mr Ingraham told the
House.
He said the environmentalist
have not been of one accord on
the matter.
However, he said, "I don't
think, you need to be an environ-
mentalist to question the impact
of having to dredge 1.5 miles away
from the shoreline to get to deep
water to create a channel to enter
a marina. You don't need to be an
environmentalist to consider the


A look back at Ingraham's remarks

during March 6 resolution in House


impact of that, especially when you
are not just simply dredging sand
that there are bound to be some
rocks within that 1.5-mile area
along southwest New Providence.
"You don't need to be an envi-
ronmentalist to consider that the
cutting into a beach to create a
channel has potential for damage,
and for a change in the movement
of the sand.
"And you don't have to be an
environmentalist to consider the
impact of the removal of 3,000 feet
of public beach in New Providence
to make way for a development,
but, these are all decisions, which a
government is able to make."
Mr Ingraham said a govern-
ment is able to consider the overall
impact of the development on the
economy, the number of jobs and
business opportunities it will create
and "determine the extent to
which it is willing to trade off some
environmental degradation."
He pointed out that all "devel-
opments produce some environ-
mental costs; it's a question of how
much we are prepared to permit."
He said the PLP government
determined that it was prepared
to permit a development that
would require a channel of 1.5
miles along the sandy bottom of
southwest New Providence and cut
into a beach to create this devel-
opment.
The environmentalist have not
been of one accord, said Mr Ingra-
ham. "There have been reports by
some that the damage can be mit-
igated to a satisfactory extent and
there are others that given the
option a breach of the shoreline
should not take place under any
circumstances. So, they are the two
competing positions, which we are
faced with."
Mr Ingraham said that along
the Southwest Bay Road, there is a
long pink wall behind which is a


property once owned by a French-
man. He said that while his gov-
ernment was in office the French-
man wanted to sell the land and
have it divided up into various
pieces. He said his government
was "not prepared to approve
that."
"Our disapproval at that time,"
he said, "related to our view that
some of the same arguments that
were lodged against the develop-
ment we approved for Clifton
applied to this particular facility,
they also have a number of ruins
on this property, and that if the
Society did not want a develop-
ment at Clifton and similar ruins
existed at this site that we ought
not to have approved a develop-
ment for this site where the pink
wall was."
Mr Ingraham noted that at that
time the FNM was the government
and the PLP were in opposition.
He said that his government
thought that the development at
Clifton could have gone ahead
without damage to the ruins.
"We felt that they could have
been preserved and enhanced," he
said. "Members opposite (the
PLP) took the opposite view. And
so we thought it was hypocritical of.
them on the one hand to have tak-
en the fundamental principled
position with respect to Clifton
and at the same time allow the
property where the pink wall was
to become a marina and a devel-
oped site."
He said the Government of the
Bahamas at that time the PLP
government "was comfortable
to permit not only the develop-
ment of this site but they were
comfortable to permit three
breaches of the coastline in New
Providence one, two, three
breaches of the coastline.
"Firstly," he said, "they agreed
to permit the coastline to be


breached/cut into for the marina
for this development. Secondly,
they were prepared and they did
agree for a second marina to be
built at South Ocean. Thirdly, they
agreed that they would put a port
terminal down here to cut it a third
time.
"Now while I accept that it is
doable to have a coastline cut for a
marina.. .that that is possible and it
is possible to put in place adequate
mitigating circumstances and while
preferably I may not have wanted
to do it that it is a doable proposi-
ton. I do not accept that all three
of these proposals may be
achieved with acceptable levels of


environmental integrity in this part
of New Providence.
"I have to admit that the pho-
tograph of a Shell tanker filled
wtih fuel run aground in bad
weather at Goulding Cay last week
has done little to relax or temper
my personal misgivings about
increased heavy commercial traffic
in the area of southwest New Prov-
idence. The damage done by the
oil tanker will properly be inves-
tigated by the government and
appropriate action will be taken."
He assured the House that the
developers will be required to hon-
our the commitments set out in
the Heads of Agreement.


Man fights for life after being stabbed


FROM page one
ty has also not been released by police, was tak-
en to PMH, where his condition was listed as sta-
ble. The motive in this attack was also not indi-
cated by authorities.
So far this year there have been 17 murders in
the Bahamas. The last victim was Tino Green in
West End, Grand Bahama, Green was shot mul-
tiple times over the Easter Weekend near Triple


Play Nightclub. He died later at Rand Memorial
Hospital. This was the first murder for the year in
Grand Bahama.
As the first quarter of 2008 comes to a close,
if the total number of murders remains at 17, the
murder rate for this year would be on track to be
under that for 2007.
Last year the Bahamas had a record 79 mur-
ders. The 17 murders in the first quarter puts the
country on pace for 68 murders this year.


oA ^2.bt of 9fonour

in recognition of the accomplishments of


His Excellency Cornelius A. Smith

Bahamas Ambassador to Washington D. C.


7:30p.m.

Saturday, April 5t, 2008

Xanadu Beach and Marina Resort

Freeport, G.B., Bahamas


m


--1,


THE TRIBUNE






MONDAY, MARCH 31,2008, PAGE 13


THE TRIBUNE


INENTONLNW


m


Cities worldwide switch off lights to





raise awareness of global warming


THE CHICAGO skyline during the World Wildlife Fund's EarthHour event in Chicago, on Saturday. The environmental group WWF urged governments, businesses and households to turn back to candle power for at least
60 minutes Saturday starting at 8 p.m. wherever they were. Several U.S. cities including Chicago and Atlanta participated and symbolic darkouts or dimmings of monuments.


N CHICAGO
From the Sydney Opera House
to Rome's Colosseum to the
Sears Tower's famous antennas
in Chicago, floodlit icons of civi-
lization went dark Saturday for
Earth Hour, a worldwide cam-
paign to highlight the threat of
climate change.
The environmental group
WWF urged governments, busi-
nesses and households to turn
back to candle power for at least
60 minutes starting at 8 p.m.
wherever they were.
The campaign began last year
in Australia, and traveled this
year from the South Pacific to
Europe to North America in
cadence with the setting of the
sun.
"What's amazing is that it's
transcending political boundaries
and happening in places like Chi-
na, Vietnam, Papua New
Guinea," said Andy Ridley, exec-
utive director of Earth Hour. -"It
really seems to have resonated
with anybody and everybody."
Earth Hour officials hoped 100
million people would turn off
their nonessential lights and elec-
tronic goods for the hour. Elec-
tricity plants produce greenhouse
gases that fuel climate chainpe
In Chicago, lights on more than
200 downtown buildings were
dimmed Saturday night, includ-
ing the stripe of white light
around the top of the John Han-
cock Center. The red-and-white
marquee outside Wrigley Field
also went dark.
"There's a widespread belief
that somehow people in the Unit-
ed States don't understand that
this is a problem that we're lazy
and wedded to our lifestyles.
(Earth Hour) demonstrates that
that is wrong," Richard Moss, a
member of the Nobel Peace
Prize-winning Intergovernmental
Panel on Climate Change and the
climate change vice president for
WWF, said in Chicago on Satur-
day.
Workers in Phoenix turned out
the lights in all downtown city-
owned buildings for one hour.
Darkened restaurants glowed


FIREWORKS explode near the Sydney Opera House at the conclusion of EarthH
29, 2008. Australia's largest city kicked off a global dimming when it turns
one hour in an effort to combat climate change. Sydney is the first of more tha
than 35 countries from Fiji to Ireland to Canada to take part in EarthHour, o


with candlelight in San Francisco
while the Golden Gate Bridge,
Coit Tower and other landmarks
extinguished lights for an hour.
New Zealand and Fiji were first
out of the starting blocks this
year. And in Sydney,. Australia
- where an estimated 2.2 mil-
lion observed the blackout last
year the city's two architectur-
al icons, the Opera House and
Harbour Bridge, faded to black
against a dramatic backdrop of a
lightning storm.
Lights also went out at the
famed Wat Arun Buddhist tem-
ple in Bangkok, Thailand; shop-
ping and cultural centers in Mani-
la, Philippines; several castles in
Sweden and Denmark; the par-
liament building in Budapest,
Hungary; a string of landmarks
in Warsaw, Poland; and both
London City Hall and Canter-
bury Cathedral in England.
Greece, an hour ahead of most
of Europe, was the first on the
continent to mark Earth Hour.


I or

1 14i@


.)


Mangroves and Wetlands provide nesting
and shelter habitat for crabs, birds, fish and
other tartine organisms.
Save our mangroves and wetlands


On the isle of Aegina. near
Athens, much of its population
marched bv candlelight to the
port. Parts of Athens itself,
including the floodlit city hall.
also turned to black.
In Ireland, where environmen-
talists are part of the coalition
government, lights-out orders
went out for scores of govern-
ment buildings. bridges and mon-
uments in more than a dozen
cities and towns.
But the international banks and
brokerages of Dublin's financial
district blazed away with light.
illuminating floor after empty
floor of desks and idling comput-
ers.
"The banks should have
embraced this wholeheartedly


for a better life

CONTEST RULES


0







lour in Sydney, Saturday, March
off its lights Saturday night for
an 370 cities and towns in more
organizers said.

and they didn't. But it's a start.
Maybe next year," said Cathy
Flanagan, an Earth Hour orga-
nizer in Dublin.
Ireland's more than 7,000 pubs
elected not to take part in part
because of the risk that Saturday
night revelers could end up
smashing glasses, falling down
stairs, or setting themselves on
fire with candles.
Likewise, much of Europe -
including France, Germany, Spain
and European Union institutions
-- planned nothing to mark Earth
Hour. Internet search engine
Google lent its support to Earth
Hour by blackening its normally
white home page and challeng-
ing visitors: "We've turned the
lights out. Now it's your turn."


VEHICLE LIGHTS are the only illumination seen on a seaside road after
officials shut down the colorful street lights at 8 p.m. (1200 GMT) Sat-
urday, March 29, 2008, along Roxas Blvd in Manila, Philippines. Mani-
la and other Philippine cities participated in the global EarthHour when.
lights and other electrical appliances were shut down to mitigate the
impact of climate change.


A MAN sits on a chair in front of the campaign sign as he waits for offi-
cials to shut down the coldifulsT-reet lights at 8 p.m. (1200 GMT) Sat-
urday, March 29, 2008, along Roxas Blvd in Manila.


THAIS look on just prior to lights out during EarthHour ceremonies Sat-
urday, March 29, 2008, in downtown Bangkok, Thailand.


FAMI IY GUAN LIAN
INSURANCE COMPANY LIMITED


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 Road 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 Employt,-s ol FamilIy Guari.an its 3lliliateid cornp.nies or family mellbers a.e not eligible
10 Previously published rilpolos are not eligible

14 winning entries will appear
in lF-ihil G 3ard h in's 20n0 alenidar7L


oogiht certificate valued at $400 each
a celebration of nature= ==orat40ac
Entry deadline Is May 31, 2008

F -------------------------*
2009 CALENDAR PHOTO CONTEST ENTRY FORM
rJAME IGrJATI. IRE
t LF1 BUISlij',11 HtIMl iDATE
F- L-. TFEE TJUMBERO iF PHOFijS EN TERED ,,,.......i,,.i
Return with photos to
A DD R E S i":'e. i,,,l r C ,.'i,,w i :,i, ii, G,, ir,.l L ,: Uoo ,,',e Ce,,rp
,, ,,, . ,, ,, ,,,. ,,,,, , ,.., ,.,, ENTRY DEADLINE: M AY 31, 2008
.... .... ... ... .............. IN.I.t'.N L [ L.O MI.A N Y LIM IT ED
r,,' R 11.l1 11l [i Hi .11 ll im llmjllmiii 11 h i 1 11 1 l 1111 ii n... i I j li h
L--------i-*---*-- ------*---


Photo byIIARN4Nt
Fla ss ,


iALE 'i ,i i' ..: II I i -i r.lll I .1, Ii 1: l I~ HIII1 it ,i-iFl~.it~ A Ii r jiR E Ai Tr i i l I ioJ, FI lHu'IAL lE'i A E ILHIJHCH & EAST BAL STs I NA SS i BOX
-EC, f...............................


CALENDA CIIIEE GSTIII




PAGE 14. MONDAY. MARCH 31, 2008


Cryptaf Pabcc Casiwo
NASSAU, BAHAMAS
I eased To Announce
The Historic Promotion Of

MRS. DENISE RAHMING

To CASINO MANAGER



M.rs. Rahmin is the first female to hold the
position of Casino Manager at Th e Crystal
Palace Casino. Rahming entered the casino
as a Change Associate and quickly moved
up the ranks, working in various areas
of casino operations including Table
Games Analysis, Training, Scheduling,
Casino Payroll and Administration.
"Derrhmis is a former Table Games
Supervisor and Pit Manager and is a
very talented, highly insightful and
capable leader in our company who
has made a tremendous contribution
t a the Casino for more than twenty one
y. aIrs by maintaining high professional
standards," says Kevin McGowan, Vice
Pr..-ident of Operations, Crystal Palace
Casino. Rahming's additional responsibilities
will assist in her career development and
ice thCasino in providing imprQved product
r, "Dn. I the.bk--tpossible guest experience.

Mrs. Rahminp bcli<.'. dhal Vr ,:raded responsibility is a moment in
history, which ap:ill ii .e r: hamiav women from all walks of life to excel
thro ... dili"cr,*.. mie ee uc bo:nl and dedication.

Rhin Igi s ribt. thi, pr m Uotio.1. the gateway to exposure and experience
that will open dw a o ill- anre opport u cities.


i AR



l d ..1.'A,
,..
:+ ++" .. .. '% i""" -. "..'. "+ !' +;--+ lr


THE TRIBUNE










TRIBUNE


%


uSineSS


MONDAY,


MARCH


31, 2008


S 2usiS -eti.uIetnl. ln--


BTC competitor eyes licence 'expansion'


* IndiGo set to invest $2m in Abaco, Grand Bahama network roll-outs
* Asks whether it's right that other islands unable to enjoy benefits of fixed-
line competition with BTC, as happens in New Providence and other locations


* By NEIL HARTNELL
Tribune Business Editor
The Bahamas Telecommu-
nications Company's
(BTC) only legal fixed-line
competitor is set to explore
whether its licence could be expanded
beyond the three major islands it
already serves, as it prepares to invest
$2 million in expanding its Abaco and
Grand Bahama networks.
Paul Hutton-Ashkenny, president
of IndiGo Networks and its parent,
Systems Resource Group (SRG), said
the fixed-line voice telephony
provider would have to "decide what
the possibilities are" of regulators


approving amendments to its licence
and allowing it to operate outside
those two islands and New Provi-
dence.
Once the Grand Bahama and Aba-
co network extensions were complet-
ed, Mr Hutton-Ashkenny said: "We'll
have to decide what the possibilities
are of the PUC expanding our licence
to enable us to go into other islands.
"We would support being able to


reach out beyond those three loca-
tions, but it's dependent on the PUC
supporting that. It's right to ask
whether it's right that those other
islands are not able to take advan-
tage of competition like New Provi-
dence, Grand Bahama and Abaco
have been able to do."
If the Public Utilities Commission
(PUC) were to approve such a move,
it would enable Bahamian residen-


tial and business consumers on all
other islands, such as Exuma,
Eleuthera and Andros, to benefit
from the competition IndiGo would
present to the BTC monopoly they
currently face.
IndiGo's market entrance has
already forced BTC to reduce rates

SEE page 2B


Regulator 'concerned' Bay Street's 18-month 'window of opportunity'


* By NEIL HARTNELL
Tribune Business Editor
THE Securities Commission
is "very concerned" over the
failure by Bahamas Supermar-
kets, owner of the 12 City Mar-
kets stores, to publish its audit-
ed financial statements five
months after it was supposed
to have done so, The Tribune
has been told.
The Bahamian capital mar-
kets regulator is said by
informed sources to be moni-
toring the situation closely, giv-
en that Bahamas Supermar-
kets shareholders have seen no
audited financial statements
for either the 2007 full-year,
which closed on June 30, 2007,
or the first and second quar-
ters of the current financial
year. Today will park the end
of the 2008 third quarter.
The Securities Commission
is Bahamas Supermarkets' pri-
mary regulator, given that the
company's ordinary shares,
about 25 per cent of which are
in public hands, are listed on
the over-the-counter market
and not the Bahamas Interna-


tional Securities Exchange
(BISX).
All publicly-listed companies
are supposed to file their full-
year results some 120 days, or
four months, after the year-
end. Yet the four month-dead-
line for Bahamas Supermar-
kets was October 31, 2007, and
the company is now five
months past this.
The timely filing and disclo-
sure of public company finan-
cials is key to maintaining an
orderly market in their shares,
through ensuring all investors
have access to the same data
and information at the same
time. The longer the Bahamas
Supermarkets financial
remain unpublished, the great
the opportunity that some
investors will have to access
'inside information' and exploit
that to their advantage.
Bahamas Supermarkets is
understood to be updating the
Securities Commission on
progress with its year-end 2007
audit during regular monthly

SEE page 6B


Bahamas Waste biodiesel

decision 'in short order'


* By NEIL HARTNELL
Tribune Business Editor
THE Government will
decide whether to approve
Bahamas Waste's proposed
$750,000 biodiesel joint ven-
ture "in short order", a minis-
ter telling The Tribune that
this was the renewable energy
form this nation was most
advanced in harnessing.
Phenton Neymour, minister
of state for utilities, told The
Tribune that other, renewable
energy technologies, such as
wind, solar and geothermal
power, all required "significant
capital investment and added
research" before the Govern-
ment formally adopted them
as energy alternatives.
"We're looking actively at
renewable energy," Mr Ney-
mour told The Tribune. "At
this point in time, the closest
one that we're able to proceed
with is biodiesel. Some of the
other forms require significant
capital investment and addi-
tional research."
The minister said both wind
and solar power fell into this
category, while geothermal
possibilities also required addi-
tional research.


Government 'in final
stages' of forming
National Energy
Policy committee
"These forms will take some
time to implement, if we actu-
ally decide to proceed," Mr
Neymour said.
Among the most prominent
biodiesel proposals formally
submitted to the Government
was the proposed 50/50 joint
venture between Bahamas
Waste and Cape Systems, an
arm of the Cape Eleuthera
Institute, to construct a
$750,000 facility to convert the
half-a-million gallons of waste
cooking oil produced on New
Providence every year into
biodiesel fuel.
The Cape Eleuthera Insti-
tute has already been pioneer-
ing the conversion of cooking
oil into biodiesel, an eco-
friendly energy source that can
power cars and other vehicles,
and Bahamas Waste's cus-
tomer base and finances are
seen as having the ability to

SEE page 4B


* By NEIL HARTNELL
Tribune Business Editor
THE Bahamas will "lose the
window of opportunity" to
enhance Bay Street for tourists
and merchants alike if it fails to
have the planned authentic
Bahamian craft market and
other short-term improve-
ments in place by September
2009, a senior government
minister has warned.
That is the date when the
larger Freedom class cruise
ships, carrying between 4,500-
5,000 passengers and several
hundred crew members, are
due to return to Nassau fol-
lowing dredging of the harbour
and improvements to Prince
George's Wharf and the turn-
ing basin.
Conscious of the need to
upgrade downtown Nassau
and Bay Street in time for the


Minister says short-term enhancements must be
completed by September 2009 for large cruise
ships, or otherwise 'cynicism' may creep in


. anticipated increase in cruise
ship tourists, Dr Earl Deveaux,
minister of transport and
* works, said that apart from the
authentic craft market on
Prince George's Wharf, the
Government's other plans
included upgrades to the Bay
Street straw market and the
creation of an urban park. The
park will be located on the site
of the former straw market,
which was burned down in earl
September 2001.
"I think we still have a win-
dow of opportunity because of
the harbour dredging, but once
we move into the contract for
that, time will move very
quickly," Dr Deveaux told The


Tribune.
"If we' don't have these
things in place for September.
2009, when the larger cruise
ships come in, we will have lost
the opportunity to provide an
enhanced environment for
vendors on Bay Street."
Dr Deveaux said it was crit-
ical that Bay Street retailers,
restaurants and other busi-
nesses, along with their
employees, tourists and local
shoppers, saw clear signs of vis-
ible improvement to down-
town Nassau.
"If they don't see visible

SEE page 6B


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I







PAG 2, MNDYBMARHI1,008THST IBUN


BTC competitor eyes licence


mansion'


FROM page 1B

on international and inter-
island long distance fixed-line
calls, showing that among the
first benefits provided by com-
petition is often price reduc-
tion. Other advantages likely
to flow are more consumer
choice and enhanced service
quality.
Yet even if it wanted to, any
f


' move by the PUC to expand
the scope of IndiGo's licence is
likely to be fraught with diffi-
culty at this particular time.
The Government is still trying
to privatise BTC, and the state-
owned company's value could
be further diminished by any
developments that enhance
IndiGo's competitiveness.
This again shows the com-
peting goals of the Govern-
ment's telecommunications


policy objectives, BTC privati-
zation and sector deregula-
tion/liberalization, and how the
latter has been frustrated
repeatedly over the past
decade by the failure to con-
clude the former.
Meanwhile, Mr Hutton-
Ashkenny said IndiGo Net-
works had officially launched
its fixed-line services on Aba-
co, ending a more than three-
year wait to, do so. The com-


THE WESTIN N
JRAND BAHAMA ISLAND Sheraton
OUR LCAYA Grand Bahama Island
OUR LUCLAYA
OUR LUCAVA
Resort RESORT




































FIRSTCARIBBEAN
INTERNATIONAL BANK


CAREER OPPORTUNITY
for
SENIOR FINANCIAL ANALYST
BAHAMAS

Qualifications:

Accounting designation (ACCA, CPA or other similar designation)
Audit experience (Preferred)
Prior experience working in/with financial institutions
Proven analytical skills in reporting, modelling and forecasting
Proven team management skills

General Requirements/Responsibilities:

Ensures the integrity of financial information presented for FirstCaribbean
International Bank (Bahamas) Limited
Analyzes financial results and prepare variance reports for local and parent
company leaders.
Assist with the preparation of accurate and timely quarterly financial
statements for publication as required by the Securities Commission and
BISX.
Ensures that financial and management reports are prepared and distributed
within established timelines
Consults with business units of the Bahamas entity, monitors their
performance and provides advice based on analyzed results and strategic
plan priorities
Liaises with business heads, anticipating the impact of internal and external
factors and trends on overall profitability, return on investment and future
growth for the Bahamas entity.
Interpret changes in accounting and reporting standards and recommend
changes and enhancements to systems and reports.

Remuneration:

Salary commensurate with management position at the FC Level 6
(Note: 1 11 job levels)
Benefits- attractive salary, six weeks vacation, preferred loan rates, employee share
purchase plan, variable incentive pay (bonus), medical scheme, pension benefit

Applicants are requested to submit their resume with a cover letter via email
by April 4th, 2008 to: deangelia.deleveaux@firstcaribbeanbank.com

FirstCaribbean International Bank (Bahamas) Limited thanks all applicants for their
interest, however only those under consideration will be contacted.
Vacancies are open to Bahamian residents only.
5S SI 6 066----- 0_____


pany had launched its pre-paid
services first, with "the next
step" to offer post-paid busi-
ness and residential services.
Mr Hutton-Ashkenny said
business services would start
"almost immediately", with
residential services fully rolled-
out by autumn and year-end
2008.
BTC had previously frus-
trated IndiGo's market
entrance to Abaco by failing
to provide an interconnection
point between the two compa-
nies' networks. IndiGo had
been seeking to facilitate inter-
connection since December


2004, and it took a PUC ruling
that BTC had "unreasonably
delayed" the arrival of compe-
tition on Abaco to resolve the
dispute.
"It's not a huge market," Mr
Hutton-Ashkenny said of Aba-
co. "But I think there's quite a
lot of business from second
homeowners and the indige-
nous population. We certainly
think there's enough there to
keep us busy.
"I think the [interconnec-
tion] delay certainly meant we
were penalized by lost oppor-
tunity. In terms of investment,
we've put hundreds of thou-


sands of dollars into it, in terms
of just equipment we've put in.
"In the coming months we
expect to be investing another
$1 million. That's in wireless
equipment as we expand our
wireless network, putting in
actual bases, stations and tow-
ers."
Mr Hutton-Ashkenny said
that network expansion and $1
million investment would take
place "probably by the end of
this year", with a similar
amount and timeframe eyed
for the Grand Bahama net-
work roll-out.
"We have some expansion
of our network to do in Grand
Bahama as well as Abaco," he
added. "In Abaco, we've got
to push our wireless network
out to reach the cays on the
eastern side, Treasure Cay and
further south.
"In Grand Bahama, we need
to be pushing our east and
west, to cover West End, and
all the way to Sweeting's Cay
in the east."


FIRSTCARIBBEAN
INTERNATIONAL BANK


NOTICE TO SHAREHOLDERS

DELAY IN PUBLICATION OF YEAR-END AUDITED RESULTS

FirstCaribbean International Bank (Bahamas) Limited has requested and received
approval from The Bahamas International Securities Exchange (BISX) and the Central
Bank of the Bahamas to delay filing, publication and general availability of its audited
financial statements for the year ended October 31, 2007 until April 15, 2008 or
before.
The requested extension beyond the prescribed filing and publication deadline of
February 28, 2008 arose due to a delay in the completion of the Bank's audit which
was caused by complications arising from implementation of new treasury software
in late 2007. Matters arising from the system conversions created additional challenges
for a company of the Bank's size, geographic scope and business complexity. The
Bank's newly appointed Auditors, Ernst & Young, have also written supporting the
Bank's request for an extension and confirmed that they are working towards a
completion date of April 15, 2008.
Notwithstanding the short delay, the Bank fully expects that its auditors will complete
their audit work and issue an unqualified audit report on or before April 15, 2008.
The Bank has no reason to expect that there would be any material change to the
Consolidated Statement of Income as published on December 19, 2007'in our fourth
quarter unaudited results release. The bank previously reported earnings per share
of 91.4 cents on net income of $100.7 million.


POSITION VACANY


Pepsi-Cola Bahamas an affiliate of PepsiAmericas Inc is currently
seeking applicants for the position of Maintenance Supervisor
to assume responsibility for the efficient operation and
maintenance of its equipment and machinery, with a keen focus
on detail in keeping with international standards. Applicants
must be customer oriented with a track record of mastery in
mechanical areas.

The incumbent will be required to:

* Ensure the effective and efficient performance of the
maintenance function for the building and the environment;
the packaging lines; electrical distribution and RO water
systems
* Execute a planned and preventative maintenance program
Diagnose equipment malfunction and effect repairs as
necessary
* Maintain the technical integrity of the plant to attain
production targets and keep abreast with the latest
technological advancements

The ideal candidate should have strong Electrical & Mechanical
Engineering experience, demonstrate a proficiency to trouble
shoot and repair common electrical and mechanical problems
and have the ability to work independently.

Please e-mail resume to: hrpepsibahamas@gmail.com
PlaeemI euet:hppiaaa~mi~o


THE TRIBUNE


PAGE 2B, MONDAY, MARCH 31, 2008


b adveptise in Me TpOve -

the #1 newspapep in cipculation,

just call 322-1080 today! I






THE TRIBUNE




New software implementation


'challenges' force bank to seek


stock exchange extension


* By NEIL HARTNELL
Tribune Business Editor
"CHALLENGES" associat-
ed with the implementation of
new software for its Treasury
accounts, which generate five
per cent of per annum rev-
enue, forced FirstCaribbean
International Bank (Bahamas)
last Friday to seek a stock
exchange extension for the fil-
ing of its 2007 full-year
accounts.
The Bahamas International
Securities Exchange (BISX)
approved an extension for the
publication of those audited
financial statements until April
15, 2008, or before.
BISX-listed companies nor-


mally have 120 days or four
months from year-end to file
their audited financial, and
the date for FirstCaribbean
was February 28, 2008, given
its October 31 year-end.
The bank attributed the
extension request to what it
described as "complications
arising from the implementa-
tion of new Treasury software
in late 2007", adding that this
had created challenges in com-
pleting the audit.
. Darron Cash, First-
Caribbean International Bank
(Bahamas) chief financial offi-
cer, confirmed to The Tribune
that the start date for the Trea-
sury software implementation
was July 2007, close to year-


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Position at Kingsway Academy for a



Kingsway Academy invites applicants for the
position of Maintenance Supervisor for its buildings
and grounds. etc. The successful candidate must;

* Be a born again Christian
* Have good knowledge of electrical, plumbing and
other building repair skills
* Have experience in supervising a group of
persons
* Possess the ability to train his staff
* Should have a High School Diploma or a
certificate in Technical and Vocational Skills
* Be able to make recommendations for preventative
and corrective maintenance.

Knowledge of computers would be an asset.

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

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

Deadline for applications is
Friday April 4, 2008


end.
He added that implementa-
tion had not yet been com-
pleted, and FirstCaribbean was
"refining the process so that
the challenges will be better
addressed".
Mr Cash explained: "The
Treasury system is used to
record money market (MM)
placement and foreign
exchange (FX) transactions.
The MM transactions involve
lending
and borrowings made in cur-
rencies such as US$, Euros,
CAD, etc. These are conduct-
ed with both FirstCaribbean
entities and with third parties.
"The FX .transactions
involve purchases of foreign
currencies primarily with oth-
er financial institutions. Trea-
sury accounts for 5 per cent of
FirstCaribbean's revenues.
"The new system was
intended to eliminate the
remaining manual elements of
the accounting and operations
process."
When asked why the
Bahamian bank's parent and
95 per cent majority share-
holder, FirstCaribbean Inter-
national Bank, had been able
to publish audited financial
statements for the entire group
despite the delay in the
Bahamas, Mr Cash said the
fact the auditors had signed off
on those indicated they expect-
ed no material impact from the
situation in this nation.
In fiscal 2007, the Bahamas
generated $109.8 million of the
combined bank's $261.341 mil-
lion in net profits.
Indeed, FirstCaribbean
International Bank (Bahamas)
said in a statement that it still
expected the auditors, Ernst &
Young (Bahamas), to issue an
unqualified opinion on its
financial statements. It added
that there was "no reason to
expect" any change to the pre-
viously reported $100.7 million
net income or $0.91 earnings
per share disclosed for the 2007
full-year.


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THE TRIBUNE


PAGE 4B, MONDAY, MARCH 31, 2008


Bahamas





decision


Waste biodiesel





'in short order'


FROM page 1B
transform this into a viable
business with environmental
benefits.
The proposed facility would
be situated on a one-third of
an acre site at Bahamas
Waste's Gladstone Road facil-
ity, and in the initial stages
would require about 10 staff.
The project proposals was
previously submitted to Cabi-
net, which referred it to Mr
Neymour and a government
team, likely to include the
Bahamas Environment, Sci-
ence and Technology Com-
mission (BEST) and Depart-
ment of Environmental Health
Services, for review before a


final decision is made.
Mr Neymour confirmed to
The Tribune: "That has been
reviewed by ourselves, and the
Government will make a deci-
sion on that in short order.
"I canit say the review is
complete until the Govern-
ment has made its comments,
because there may be some
additional concerns that need
to be addressed."
The minister, though, cited
biodiesel as having "numerous
benefits". He explained: "One
of the things driving the pro-
duction of biodiesel is climate
change. That is a very impor-
tant item on the agenda of the
Government, and we as
Bahamians have not reviewed


NOTICE
NOTICE is hereby given that SEAN THOMPSON PALMER,
P.O. BOX N-4309, PRINCE CHARLES DR, 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 31ST day of MARCH, 2008 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-7147,
Nassau, Bahamas.


Legal Notice


NOTICE


BAMBARI CENTRAL S.A.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company is
in dissolution, which commenced on the 26th day of March
2008. The Liquidator is Argosa Corp. Inc., P. 0. Box
N-7757 Nassau, Bahamas.





ARGOSA CORP. INC.
(Liquidator)




Legal Notice
NOTICE


ODADALE PORTFOLIO INC.
In Voluntary Liquidation


Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, ODADALE PORTFOLIO INC. is
in dissolution as of March 27, 2008.

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


LIQUIDATOR




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
SFacsimile Number: (242) 502-5225
E-mail: hjcorp@higgsjohnson.com


the net effect of carbon emis-
sions, which could result in an
increase in temperature.
"We feel the production of
biodiesel will assist us in that
area. It will assist us environ-
mentally, locally and address
the waste vegetable oil issue.
Right now, waste oil is dis-
posed of directly into fills or
the ground."
The Tribune also under-
stands that the potential pur-
chaser of the former Uniroyal
plant in Freeport is looking to
convert that into a biodiesel
production facility, although
Mr Neymour said he could not
comment on this because it
had not been put before him.
However, the minister added
that the committee to oversee
and develop a National Energy
Policy for the Bahamas was "in
the final stages" of being
formed, with the Government


formally notifying the persons
it wanted to serve to see if they
were interested.
Biodiesel and other alterna-
tive energy forms are increas-
ingly being viewed as critical
to ensuring a sustainable future
for the Bahamas, given the spi-
raling cost of energy that has
dramatically increased infla-
tion and the cost of living in
this nation.
A report by US-based con-
sultants Haley & Aldrich said
the Bahamas can "open new
industries", increase employ-
ment and stimulate economic
growth if it invests in develop-
ing renewable energy sources,
warning that "energy costs will
become a proportionately larg-
er part of the economy" if the
status quo is maintained.
To invest in sources of
renewable energy such as
solar photovoltaic (PV), wind,


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.




NOTICE

EXXONMOBIL POWER INVESTMENT COMPANY 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 22nd April, A.D.,
2008. In default thereof they .will be excluded from
the benefit of any distribution made by the Liquidator.

Dated the 27th day of March, A.D., 2008.


Nigel N. Singh
Liquidator
800 Bell Street
Houston, Texas 77002, U.S.A.




NOTICE
INTERNATIONAL BUSINESS COMPANIES ACT
(No.46 of 2000)
HURON LTD.
No. 83162B
(In Voluntary Liquidation)
NOTICE is hereby given in accordance with Section 138 of the
International Business Companies Act, (No. 46 of 2000), HURON LTD.,
is in Dissolution
Any person having a Claim against the HURON LTD. is required on or
before 15th April 2008 to send their name, address and particulars of the
debt or claim to the Liquidator of the Company, or in default thereof they
may be excluded from the benefit of any distribution made before such
claim is approved
The date of Commencement of dissolution was 6th day of March 2008
We, Sovereign Managers Limited cio Suites 1601-1603 Floor, Kinwick
Centre, 32 Hollywood Road, Central, Hong Kong is the Liquidator of
HURON LTD.


Sovereign Manaer i nited
Liquidator ",



NOTICE


EXXONMOBIL POWER INVESTMENT COMPANY LIMITED

N 0 T I C E IS HEREBY GIVEN as follows:
(a) EXXONMOBIL POWER INVESTMENT COMPANY
LIMITED is in dissolution under the provisions of
the International Business Companies Act 2000.
(b) The dissolution of the said Company commenced
on the 27th 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 Nigel N.
Singh of 800 Bell Street, Houston,Texas 77002,
U.S.A.

Dated the 27th day of March, 2008.

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


ocean thermal energy conver-
sion (OTEC), wave and bio-
mass made good economic
and environmental policy, the
consultants said.
Haley & Aldrich noted that
electricity demand in the
Bahamas was increasing ever
year, largely due to new resort
and residential construction.
Between 1995 and 2000, elec-
tricity demand in the Bahamas
grew by 400 million kilowatt
hours to 1,715 kilowatt hours.
And between 2000 and 2002,
electricity demand jumped by a
further 170 kilowatt hours to
1,886 kilowatt hours, a cost
that accounted for $467 mil-
lion or 1/12 of the Bahamian
economy in 2002.
Solar energy, given the
Bahamas' constant exposure
to sunlight, was "an excellent
resource", Haley & Aldrich
said, generating on average 5.5
kilowatt hours per square
metre per day.
Using PV technology, the
report said electricity could be
generated at similar per unit
costs to the Bahamas Electric-
ity Corporation's (BEC) cur-
rent diesel-driven facilities,
using both utility size and
rooftop systems.
Electricity prices in New
Providence and Grand
Bahama, incorporating both
the basic rate and fuel sur-
charge, varied between $0.22
to $0.25 per kilowatt hour
(Kwh).


Even in the absence of gov-
ernment support, Haley &
Aldrich found: "The cost per
kilowatt hour to produce elec-
tricity using a rooftop PV unit
in the Bahamas would vary
from $0.12 in the summer to
$0.23 in the winter, with an
average cost of $0.15."
On solar PV, the consultants
estimated that the purchase of
250 kilowatts of generating
capacity could generate 285
megawatt hours of electricity
capacity per year, cost $1 mil-
lion and save 22,000 gallons of
fuel imports per year.
In addition, the consultants
recommended that the
Bahamas' exposure to sun-
shine could also be used for
solar hot water heating, reduc-
ing energy costs, and lowering
electricity and propane use.
"The cost of a passive solar
thermal system will vary
between $1,000 and $3,000,
depending on the type of sys-
tem and size," the report said.
"Assuming an installation cost
of $3,000, a solar thermal sys-
tem will pay for itself in four to
eight years and provide for the
hot water needs of a family for
15 to 30 years."
On solar thermal, Haley &
Aldrich again estimated that a
$1 million investment would
fund 500 passive solar systems,
generate 365 megawatt hours
of electricity per annum and
save on 280,000 gallons of fuel
imports for the Bahamas.


NOTICE OF DISSOLUTION

OF

BETASYSTEM LIMITED


Notice is hereby given that liquidation of the above company
commenced on the 28th day of March, 2008. Credit
Suisse Trust Limited of Bahamas Financial Centre,
Shirley & Charlotte Streets, P.O. Box N-3023, Nassau, The
Bahamas has been appointed Liquidator of the Company







Credit Suisse Trust Limited
Liquidator


Legal Notice
NOTICE


THE MARKETING PARTNERSHIP LIMITED
In Voluntary Liquidation


Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, THE MARKETING PARTNERSHIP
LIMITED is in dissolution as of March 27, 2008.

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


LIQUIDATOR



Legal Notice


NOTICE


WEIRTON CORR
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company is
in dissolution, which commenced on the 26th day of March
2008. The Liquidator is Argosa Corp. Inc., P. 0. Box
N-7757 Nassau, Bahamas.





ARGOSA CORP. INC.
(Liquidator)


H|||^HHHH|^BI|^^HB^HIU|^I|HBI|^mBUSINESS^^^^^^^^^^^^^^^^^^^^^^^^^







THE TRIBUNE MONDAY, MARCH 31,2008, PAGE 5B


CHANGE VOLUME


$+0.04
$-0
$-0
$-0
$-+
$-
$+0.01
$-0.24
$-
$-0.45
$-0.57
$+0.02
$-
$-
$-
$-
$-
$-
$-
$-


The Bahamian Stock Market

FINDEX 912.81 YTD -4.12%


YTD PRICE
CHANGE
16.27%
16.47%
0.00%
0.00%
0.00%
0.00%
13.11%
-14.35%
-8.89%
-7.53%
-16.47
6.38%
9.72%
-1.89%
-3.90
6.18%
-0.23.%
-5.38%
11.82%
0.00%


$1.93
$0.99
$9.61
$11.80
$14.60
$3.66
$13.63
$7.22
$2.87
$13.50
$4.21
$2.50
$7.90
$2.60
$0.74
$5.50
$12.92
$6.86
$12.30
$10.00


8,000
0
0
0
0
0
2,935
1,675
23,802
14,200
1,740
30,000
4,400
0
0
4,800
721
133
0
0


DIVIDEND/AGM NOTES:
CABLE BAHAMAS (CAB) has declared a dividend of
$0.06 per share, payable on March 31, 2008, to all sharehold-
ers of record date March 14, 2008.
ICD UTILITIES (ICD) has declared a dividend of $0.10
per share, payable on April 21, 2008, to all shareholders of
record date April 7, 2008.
DOCTORS HOSPITAL HEALTH SYSTEMS (DHS)
has declared a dividend of $0.02 per share, payable on March
31, 2008, to all shareholders of record date March 18, 2008.
BENCHMARK (BAHAMAS) (BBL) has declared a
special dividend of $0.02 per share, with $0.01 already paid on
December 31, 2007 and $0.01 being payable on March 31,
2008, to all shareholders of record date December 21, 2007.
COMMONWEALTH BANK (CBL) has declared a quar-
terly dividend of $0.05 per share, payable on March 31, 2008,
to all shareholders of record date March 14, 2008.
Additionally, CBL has declared a special dividend of $0.06
per share, payable on April 30, 2008, to all shareholders of
record date April 15, 2008.
CONSOLIDATED WATER COMPANY BDRs
(CWCB) has declared a dividend of $0.013 per share, payable
on May 7, 2008, to all shareholders of record date March 31,
2008.


[UOA FIDE1ITYMliK ET i!RAP]1 I


BISX CLOSING
SYMBOL PRICE


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


* By Royal Fidelity Capital
Markets
FOR the week, the market
saw 11 out of its 19 listed
stocks traded. A total of 92,406
shares changed hands.
Abaco Markets (AML) led
the rally with 8,000 shares trad-
ing, climbing by $0.04 to close
at a new 52-week high of $1.93.
Doctors Hospital Health
Systems (DHS) led the volume
for a second consecutive week
with 30,000 shares, or 32.47 per
cent of the trading activity, ris-
ing by $0.02 to also end at a
new 52-week high of $2.50.
Consolidated Water Com-
pany BDRs (CWCB) fizzled
this week, losing their gain
from last week to decline by
$0.57 to end the week at $4.21.
FirstCaribbean Internation-
al Bank (Bahamas) (CIB)
continued to lose ground, with
14,200 shares trading for the
week, decreasing by $0.45 to
ending at a new 52-week low
of $13.50'
COMPANY NEWS
Earnings Releases:
BASED on its recent press
release, Abaco Markets
(AML) announced strong
results for the fourth quarter
and year-ended January 31,
2008.
AML reported unaudited
net profit of $628,000 for the
quarter, compared to a profit
of $963,000 for the same period
the prior year. Sales grew to
$23.88 million, representing an
increase of 8.8 per cent over
the same period in 2007.
For the year ending January
31, 2008, unaudited net profit
stood at $2.17 million com-
pared to a net loss of $2.61 mil-
lion in 2007. Sales increased by
$8.78 million, a rise of 11.1 per
cent from the prior year. Net
profit on continuing operations
rose to $1.889 million com-
pared to a net loss of $1.309
million in 2007.
The company attributes its
strong financial results to mea-
sures taken to increase sales,
improve the group's buying
practices and implement more
effective operational controls.


FLIGHT
Nassau -Fresh Creek
Fresh Creek- Nassa
Nassau-Fresh Creek
Fresh Crek- Andrhs
Nassau -Fresh Creek
Nassau- San Amros
San Andros-Nassau
Nassau San Adros
SaaAndros-Nassau


DEPARTS
:50 am
9:25 am
12:15am
12:50 am
4:00 pm
7:30 am
805 am
1:45 pm
2:25 pm


ARRIVES
9:05 am
9:40 am
12:30 am
1:05 pm
4:15 pm
7:45 am
8:20 am
2:05 pm
2:40 pm


Abaco $89.99 / $250.00


FLIGHT
Nassau Mores Is.
Mores Is. -Nassau
Nassau Walker's Car
Walker's Ca--Nassau


DEPARTS
10:00 am
10:50am
10:15am
12:10pm


ARRIVES
10:30 am (ic. Frit & sn)
11:20 am (ec. Fri & .s,)
11:50 am (ec. Fi. & aS)
1:05 pmn(exc. Frit am)


Grand Bahama $150.00


FLIGHT
Nassau Deep Water's Ca
Deep Water's cay -Nassau


FLIGHT
Nassau Norman's Cay
Norman's Cay Nassau


DEPARTS
10:15 am
11:25 am


Exuma $120.00

DEPARTS
10:35 am
11:10 am


ARRIVES
11:05 am (nc. Fit &> ni
1:05 pm (0xc. Fri & Sun)


ARRIVES
10:55 am (wtd& S, I only)
11:30 am (Welt & Sat. only)


Ragged Island $250.00


FLIGHT
Nassau Duncan's Town
Duncan's Town -Nassau


DEPARTS
2:35 pm
4:10pm


ARRIVES
3:50 pm(Fnr & Sun. only)
5:25 pm(Ff. & Sun onl)


Contact: Performance Air Ltd. Tel. (242) 362-1608 / (242) 362-2302
Or Treasure Travel at (242) 356-0544
Website: www.pediformance-air.com
Email: performance airihotmail.com


INVESTOR CORNER
Dollar Cost Averaging:
DOLLAR Cost Averaging
or DCA is an investment
method in which the investor
agrees to invest the same dollar
amount periodically in a mutu-
al fund (for example, $100
every month, or $500 every
three months) so that they can
lower their average cost.
For instance, when the Net
Asset Value (NAV) of a mutu-
al fund declines, the fixed dol-
lar amount enables the
investor to buy more units in
the fund.
Conversely, when the NAV
increases in value the investor
gets fewer units.
In order for dollar cost aver-
aging to work, the investor has
to maintain their periodic pay-
ment schedule. This method is
only effective when the mutu-
al fund's NAV fluctuates on a
frequent basis.


INDUSTRIALILABOUR RELATIONS OFFICER (MANAGER)

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

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

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

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

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

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

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



Performance Air Limited Flights Schedule

Introductory Round Trip Fares


Andros $59.99


International Markets

FOREX Rates
Weekly %Change
CAD$ 0.9790 +0.17
GBP 1.9938 +0.46
EUR 1.5799 +2.37

Commodities
Weekly %Change
Crude Oil $105.149 +3.48
Gold $931.20 +2.28

International Stock Market Indexes:
Weekly %Change
DJIA 12,216.40 -1.17
S & P 500 1,315.22 -1.07
NASDAQ 2,261.18 +0.14
Nikkei 12,820.47 +4.57


GOLF & OCEAN CLUI
Great Guana Cay, Abaco
The Bahamas


EMPLOYMENT OPPORTUNITY
You are invited to apply for the following position currently available.


Sous Chef
Key Responsibilities
* Required to skillfully prepare international cuisine.
* Assist in ordering food supplies and kitchen equipment as needed.
* Will be required to oversee majority of cooking and methods of food
preparation.
* Along with the Executive Chef, instruct kitchen employees in the finer
points of cooking.
* Assist in planning meals; making of menus, and assigning prices.
* Assist in butchering and/or prepares meats and poultry for cooking.
Qualifications
* High School diploma or equivalent
* Culinary degree from approved school or completion of an approved
apprentice program is preferred
* 5 to 10 years in different supervisory positions in the kitchens

including sous chef and/or chef d' cuisine position.
* Previous experience in a hotel or private club preferred.
* Highly skilled cooking ability in all areas of kitchen including the ability
to prepare various ethnic cuisines.
* Experience working in multiple operations preferred.
* A minimum of two years international experience an asset.
* Experience in opening a property a plus
The successful candidate will have the opportunity to work in a growing
and dynamic organization and must be a self-starter, team player, work
at the highest standards of performance, and meet deadlines.

If you are progressive and prepared to advance your career,
submit your resume to the attention of the Director of HR &
Training, hr@bakersbyclub.com or by fax at 242-367-0804.

"Becoming the Employer of Choice in The Bahamas!"


MONDAY, MARCH 31, 2008, PAGE 5B


THE TRIBUNE


BUSINESS I







THE TRIBUNE


AP GE SB MONDAY, MARCH 31, 2008


Regulator 'concerned'


over


Markets' financial lateness


FROM page IB


conference calls, but The Tri-
bune understands that the
audit is at least one month -
and possibly two months at
worst from completion,
One possible remedy would
be for Bahamas Supermarkets
to publish its unaudited finan-
cial statements for the 2007 fis-
cal year, which would be in


management's possession.
This newspaper can reveal
that the audit's delay has been
caused by the transition from
the former majority share-
holder, US retailer Winn-Dix-
ie, to the new owners in the
shape of BSL Holdings, the
buyout consortium that
acquired the majority 78 per
cent stake in Bahamas Super-
markets for $54 million in sum-
mer 2006.
More specifically, the audit


problems have stemmed from
the fact that when Bahamas
Supermarkets shed Winn-Dix-
ie's operating support and
technology systems in early
2007 the second half of its
financial year no replacement
accounting system was in place.
This, The Tribune has been
able to confirm, has forced the
company's auditors, KPMG,
to have to rely on manual
records when verifying the
company's financial.


Essentially, the auditors are
having to go through hundreds
of Point-of-Sale records from
the 12 stores to build a sam-
ple large enough to be able to
support their conclusions and
give the Bahamas Supermar-
kets accounts an unqualified
opinion. Given that Bahamas
Supermarkets generates
between $130-$140 million in
annual sales, this is no small
task.
"When they transitioned,
they didn't have proper sys-
tems in place. They were so
eager to quit the contract withy
Winn-Dixie, they left them-
selves with no system in place,"
a source familiar with the situ-
ation told The Tribune.
Bahamas Supermarkets
incurred substantial fees from
the Transition Services Agree-


ment that BSL Holdings
signed as part of the acquisi-
tion. The agreement was sup-
posed to last for a year follow-
ing the purchase, and included
Bahamas Supermarkets pay-
ing Winn-Dixie a 5 per cent
mark-up on all goods sourced
from the US retailer.
Terminating it early was said
at the time to have saved
Bahamas Supermarkets
$500,000, but sources fear this
cost saving could now be eat-
en-up by the extra audit costs
the company is now.incurring.
Other aspects of the transi-
tion have involved replacing
some 2,000 private label prod-
ucts that were supplied by
Winn-Dixie, replacing them
with new products such as
those sourced from IGA
Foods, a move that initially


cost Bahamas Supermarkets
sales due to lack of customer
familiarity with the new labels.
Still, Bahamas Supermarkets
has continued to invest in
upgrading its stores and infra-
structure following the owner-
ship change. It is understood
to have recently spent $4 mil-
lion on an information tech-
nology (IT) upgrade.
. "This is the last of the hur-
dles," said a source referring
to the company's audit issues,
"and once this is overcome it
will be well-positioned to
become competitive and tech-
nologically ahead of the
game."
Bryan Knowles, Bahamas
Supermarkets' vice-president
of finance, declined to com-
ment when contacted by Tri-
bune Business.


Bay Street's 18-month



'window of opportunity'


FROM page 1B


improvements along with the
harbour dredging, cynicism will
kick-in." the minister added.
With the construction of new
port and shipping facilities for
New Providence a slightly
longer-term project, Dr
Deveaux explained that the
Government was also focusing
on doing what it could to make
Bay Street more attractive as a
commercial and tourist desti-
nation in the short-term.
He emphasized that the
authentic Bahamian craft mar-
ket, which will be located on
Prince George's Wharf in a
former Customs building, and
the Bay Street straw market
would be two separate entities.
Dr Deveaux said the Gov-
ernment had already received
some tender proposals on the
building conversion for the
authentic craft market.
although these had yet to be
reviewed.
Among the required
upgrades will be the installa-
tion of rest room facilities, cou-
pled with electrical, water and
telecommunications upgrades,
in a project the minister esti-
mated would cost "north of $1
million". He added that the




INSIGHT


For stores behind news,
read iWMoMdays


Pricing Information As Of: C F A L"
Friday. 28 March 2008
d 2March. 20. BI1X LISTED & TRADED iVCU li VIAIT VfWWW.BISXBAHAMAS.COM FOR MORE DATA & INFORMATION
BISX ALL SHARE INDEX: C"OOL: 1,913.20 / CHG -12.61 / %CHG -064 / YTD -103.55 /YTD %-5.01
52wk-Hi 52k.-Low Securnly Pre.ious Close Toaas s Cise r'.,f-.dn -Dii ..- rEPS $ Div $ P/E Yield
I 93 0 90 Abaco t.Markels 1 92t 1 93 _v 1 .l-.1 0.135 0.000 14.3 0.00%
11.80 11.50 Bahamas Property Fund 11.80 11.80 0.00 1.502 0.400 7.9 3.39%
9.88 8.65 Bank of Bahamas 9.61 9.61 0.00 0.64,3 0.160 14.9 2.71%
3.99 0.85 Benchmark 0.99 0.91 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 1.093 0.240 12.5 1.76%
3.15 2.10 Collna Holdings 2.87 2.87 0.00 202 0.031 0.040 92.6 1.39%
8.50 4.67 Commonwealth Bank (Sl) 7.46 7.22 -0.24 1,600 0.428 0.270 16.9 3.74%
7.22 3.60 Consolidated Water BDRs 4.67 4.21 -0.46 0.157 0.052 29.7 1.11%
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 7.90 7.90 0.00 0.713 0.280 11.1 3.54%
13.01 12.45 Finco 12.92 12.92 0.00 300 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%
5.10 5.12 Focol (S) 5.50 5.50 0.00 4,800 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 0.00 133 0.411 0.300 16.7 4.37%
12.50 8.60 J.S. Johnson 12.30 12.30 0.00 1.059 0.610 11.6 4.96%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00%
.:: -". "._. .. FdellllHy Over-The-Counter Sucurlllam
52K.H-l 52 k-.Lo. Syrr.bo-I Bio I. *\." s I .r.1i r'...- wees i, ..:,i EPS $ Div $ PIE Yield
14.60 14 25 Bahamas Superm.arr.ets 14 61.0 '15.0 (1.1 1 '1 9 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 0.40 0.35 -0.023 0.000 N/M 0.00%
, :r lCpn Over.The-Counler SacurllRlai
41.00 41.00 ABDAB 41.00 43.00 41.00 4.450 2.750 9.0 6,70%
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 0.900 13.4 6.16%
0.55 0.40 RND Holdings 0.45 0.55 0.45 -0.023 0.000 N/M 0.00%
y." "'- *"; BIBX LIaled Mutual Fundis
52wk HI 52n-k.LOA, Fin Narr.en NA'. TE I ,it I.. P.1 ..11.. i.. Yield %


1 3041 1 2037 Coir.a Bona Fund 1 304134'- t. ,l- ',
3.0008 2.6254 Collina MSI Preferred Fund 2.982729' -0.60% 14.89%
1.3847 1.2647 Collna Money Market Fund 1.384657"** 0.70% 3.92%
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 1.000 CFAL High Grade Bond Fund 1.00"*
10 1500-'C1 Q j3 Fieoiilt inler.aii,.,nai i-r.,f.|rrer Ful.-.d 9 6-.33'" -0.20% -1.16%
d -,- 0d FINDEX CLOSE 918.15 YTO -3.50% / 2007 26.29%
B1SX ALL SHARE INDEX 19 Dec 02 = 1.000 O0 MARKET TERMS YIELD 1,-1 12 month ivltders divided hy ou.i0l- PrIlcI NAV I|
62wk-HI Highest closing price in last 52 weeks Bid $ Buying price of Colit nnd IFidollty
B2wk-Low Lowest closing price in last 52 weeks Ask $ Saoiling price of Colinn Ind fidelity -2 IFe
Previous Close Previous day's weighted price for daily volume Last Price Last traded over-th-counteor price ** -:1t
Todiy's Close Current day's weighted price for dally volume Weekly Vol. Trading volume of the prior week "" 2 I
Change Change in closing price from day to day EPS $ A company's reported otirnirig, per share for the last 12 mths
Dailly Vol Number of total shares traded today NAV Not As.ta Value
DIV S Dividends per share paid in the last 12 months N/M Not Monningful
PIE Closing price divided by the lest 12 month earnings FINDEX The Fidelity nahninmii Stock Index Jainuary 1. 1994 = 100
(S) 4-for-1 Stock Split Effective Date 8/6/2007
(LSt 1 1are Si.. S9p-i Erle;.... aT I i .
XALL O O AL 242.sA1. 0oi11hiflDeLrrY 242-356-776-1 / FOR MORE DATA & INFORMATION CALL (242) 394-2603


"LY.
lrunty 2(1111i
I. lnc th 2007
M'rch JORt'


Prince George's Dock location
would improve tourist access.
"We hope to start before the
end of the Budget year," Dr
Deveaux said. "We're going to
build an authentic Bahamian
craft market, and make that
available to authentic Bahami-
an crafts.
"We want to do an urban
park, so are creating a green
space downtown. We want to
ensure the current straw ven-
dors have a better place to be.
We have gotten quotes on a
tented structure that could be
placed there to accommodate.
more open stalls, a more
friendly environment."
The Government did fnot'
know how much the urban
park would cost, as this was
going out to bid, although the


tented structure was likely to
cost "a couple hundred thou-
sand at most".
Downtown traffic patterns
were also being monitored to
assess how junctions could be
better designed to deal with
vehicle flows, Dr Deveaux
adding that the Government
also planned to re-pave Bay
Street during summer 2008.
To 'pave' the way for this
project, work was already
being done to remove water,
sewerage and other utility lines
to prevent them getting in the
way.
"We would like to do as
.much of the paving as we could
'when school, closes for the
summer, so we minimize traffic
congestion," Dr Deveaux told
The Tribune.


PUBLIC CONSULTATION

PROPOSED INDIVIDUAL LICENCE FOR THE RESALE
OF VOICE TELECOMMUNICATIONS SERVICES


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

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

The objectives of this public consultation are to:

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

b) invite comment rom urrent licensees, prospective licensees,
stakeholders and the put&

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


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

Telephone: 242 322-4437
Fax: 242 323 7288
Email: PUC@pucbahamas.gov.bs.


PUBLIC NOTICE


jut c l21i Ii a










COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT

IN THE MATTER of the Petition of Edward W. Laing

AND

IN THE METTER of the Quieting Title Act 1959

AND

IN THE MATTER of all that land containing one hundred and eighty
aces (180) situate at Green Ways Quarters approximately 0.65 miles
Westwardly of Love Hill and Davis Creek immediately Northwardly
of Fresh Creek on the island of Andros one of the Islands of the
Commonwealth of the Bahamas and bounded northeastwardly by Fresh
Creek and running thereon 4,290 feet Northwardly by vacant land and
running thereon 1,582.52 feet southwestwardly by vacant Crown Land
and running thereon 4,048 feet and Southwardly by property now or
formerly the property of Benjamin Tynes and running thereon 1,848
feet which said piece parcel or lot of land has such positions shapes
size boundaries and dimensions as are shown on the Plan prepared by
L.A. Bolder Campbell and filed in the department of Lands and Survey
in Book T page 193 shown on the Plan and thereon coloured PINK

COPIES of the said Plan may be inspected during Normal Office
hours at the following places:-

(a) The Registry of the Supreme Court In the City of Nassau on the
Island of New Providence

(b) Collie & Collie Law Chambers
K. S. Darling Building
Dowdeswell Street & School Lane
in the City of Nassau on the Island of New
Providence, The Bahamas

NOTICE is hereby given that any person having Dower or right to
Dower or any Adverse Claim or a Claim not recognized in the Petition
shall on or before the 14th day of April, 2008 file in the Supreme Court in
the City of Nassau aforesaid and serve on the Petitioner a Statement of
claim in the Prescribed form verified by an Affidavit to be filed therewith.
Failure of any such person to file and serve a Statement of Claim on or
before the 14th day of April, 2008 will operate as a bar to such claim.

Edward W. Laing
Petitioner


vl- --__, .


IL


m ___w__ _ -- I


BUSINESS


"rn~rm~' ~r rr m rr ,, r ~ ~~--~~P~-~-~-I- ~~ ~ ~ ;,~ --- --









THE TRBN MONDAY MARC 3 200


ABACOMA KETS

Chairman's Report Q4, 2007

We are very pleased to report to you a strong fourth quarter following on the heels of the
consistent growth of the prior quarters. As you will note from the accompanying financial, our
results show strong improvement on continuing operations with a net. profit of $628k for the
quarter, compared to a profit of $963k the prior year which had included the write-back of $602k
in restructuring charges. For the year ended January 31, 2008, we are pleased to report our first
profit in 6 years: $2.177m for the year, compared to a net loss of $2.606m for the prior year.

Our performance in 2007 was solid on a number of levels. Building on the focus we established to
strengthen our core brands, we made tremendous progress throughout the year to improve
operations and increase sales and net margin dollars. As a result of the hard work and dedication
of our team members on all levels, we have established a solid platform for growth that is driven by
our commitment to our brands and a continued focus to improve our customers' experience.

This return to profitability has certainly been a long time coming for our Company which has
undergone significant challenges and changes in a difficult turnaround in recent years. With
tremendous efforts and initiatives on the part of our committed management and team members,
wp are now a much stronger company, positioned to capitalize on the growth opportunities our
brands and improved operations provide. The key, however, to the way forward is remaining
committed to the initiatives that have yielded results as our return to profitability is only the first
stage in fully revitalizing our Company. We are optimistic about our outlook for 2008 and beyond
and want to thank you for your continued support. We are committed to continuing to take
aggressive actions to position Abaco Markets and our brands to achieve our objective of long-term,
profitable growth and value creation for our shareholders, a positive environment for our
employees and an enjoyable customer experience delivered every day.


R. Craig Symonette
March 17,2008


ABACOMgKT


UNAUDITED FINANCIAL STATEMENTS
FOR THE QUARTER ENDED JANUARY 31, 2008


CONSOLIDATED BALANCE SHEET


(Expressed in Bahamian $000) (unaudited)


January 31,
2008


$ 25,730


Assets

Liabilities


(16,032)


January 31,
2007


29,232


(21,626)


Shareholders' equity $ 9,698 7,606






CONSOLIDATED STATEMENT OF OPERATIONS

(B$000) (unaudited)
3 months ended 3 months ended
January 31, 2008 January 31, 2007

Sales $ 23,876 21,936
Cost of sales (17,322) (15,909)
Gross profit 6,554 6,027
Selling, general and administration expenses (5,771) (5,377)
Other income 128 66
Net operating profit 911 716

Interest expense (36) (139)
Dividends on preference shares (189) (204)
Net profit from continuing operations 686 373

Net loss from discontinued operations (58) (12)

Restructuring reserve 602

Net profit for the period $ 628 963


$0.040 $0.061


(B$000) (unaudited)


Year ended
January 31, 2008

$ 87,708
(62,309)


SSales
Cost of sales


Year ended
January 31, 2007


78,930
(56,554)


EXPLANATORY NOTES TO UNAUDI CONSOLIDATEDD FINANCIAL
STATEMeNp b,
Year ended January 31, 2008


1. DISCONTINUED OPERATIONS

On April 30, 2007, the Company completed the sale of Cost Right Turks and its
associated property for $2,700,000 plus $211,000 representing the value of net current
assets. $2.5m of the proceeds were received on closing and $200,000 will be payable
over 3 years. This note earns interest of 8.5% per annum.

On December 14, 2008 the Company completed the sale of Dairy Queen food franchise
for $98,000 representing the value of net current assets. $50,000 of the proceeds were
received on closing and $48,000 will be payable over next 12 months. This note earns
interest of 8% per annum.

These sales conclude the Company's divestment program.


2. PREFERENCE SHARES

The Company made total redemptions of $1,070,000 on Class A preference shares during
the year.

On December 31, 2007 the Company provided notice to the Class A shareholders of a
prepayment of $270,000 on the payment due on December 31, 2008 and notice to Class
B shareholders of prepayment of $150,000 on payment due on December 31, 2009.


3. ORDINARY SHARES

On January 31, 2008 the Company canceled unused stock options as of that date. As a
result of this, total number of issued ordinary shares decreased by 85,000.

At the close of business on January 31, 2008, total number of issued ordinary shares was
15,807,211. ,


4. SALE OF INVESTMENT

On March 31, 2007, the Company completed the sale of its investment in BSL Holdings
Limited for $2,650,000. $2,500,000 of the proceeds was used to repay the bank debt
taken up to finance the investment.


5. PRE-OPENING COSTS

Pre-opening costs represent costs incurred in the relocation of Cost Right Freeport from
its former location on Milton Street to The Mall, which were not capital in nature.



Copies of a full set of the unaudited financial statements can be obtained from Brendalee
Gibson, at Abaco Markets Corporate Offices at Town Centre Mall, Blue Hill Road, Nassau,
The Bahamas, tel. 1 242 325 21 22.


MONDAY, MARCH 31, 2008, PAQIE 4


- -----


':THE TRIBUNE


1,


Gross profit 25,399 22,376
Selling, general and administration expenses (22,905) (22,444)
Other income 409 171
Net operating profit 2,903 103
Interest expense (203) (606)
Dividends on preference shares (807) (805)
Net profit/(loss) from continuing operations 1,893 (1,308)

Pre-opening costs (note 5) (120)

Net loss from discontinued operations (135) (325)

Gain on disposal of subsidiary (note 1) 39

Gain on disposal of investment (note 4) 150

Restructuring charge 350 (973)
Net profit/(loss) for the period $ 2,177 (2,606)

Income/(loss) per share $0.138 ($0.164)





CONSOLIDATED STATEMENT OF CASH FLOWS

(B$000) (unaudited) Year ended Year ended
January 31, 2008 January 31, 2007

Cash flows from operations

Net profit/(loss) for period $ 2,177 (2,606)

Net ash provided by operating activities 710 910

Net cash provided by investing activities 3,354 4,285

Net cash used in financing activities (5,195) (7,057)

Decrease in cash $ (1,131) (1,862)


Income per share




PAGE 8B MONDAY, MARCH 31, 2008


m: 'ANGUS
ALL NATURAL OMAHA
CHOICE BEEF
HORT RIB,


BONELESS
PORK
LOIN
$3.99/L"
. Reg.$5.99Ab g


..Req,$4.19/lb ,


FROZEN
I LAMB
I LEG
s1.99/a
L Reg.$2.99/Ib


END CUT
PORK
CHOPS


$1.29/ i
S Reg.$1.99/Ab


USDA CHOICE
SIRLOIN TIP
ROAST
$3.59IB
Reg.$429/Ab
USDA CHOICE
SIRLOIN TIP
STEAK



TURKEY
WINGS


-4F


ANGUS BONE IN
RIB EYE
ROAST $S9.9 /L
Reg.$11.99/lb
ANGUS BONE IN
RIB EYE STEAK $1S099.11
Reg.$13.291Ab


ARMOUR
2.6ozAssorted
LUNCHATKERS
@g


BLUEBIRD 11.5 oz
APPLE CHERRY BERRY
FRUIT DRINK
2/$T 1. sFVO LW
THIS FLAVOUR ONLY


JBIlSoz
GOLDEN
WHOLE KERNEL
CORN VE0
894 -A*,.


Store Hours: Mon. to Sat: 7 am 9 pm, except Lyford Cay 7 am -8 pm. Sun: 7 am Noon all stores, except Lucaya open until 2 pm
and Harbour Bay & Cable Beach open until 5 pm.
Advertised products may differ from the photos shown. Some product availability may differ for Grand Bahama


Jr


THE TRIBUNE


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