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Permanent Link: http://ufdc.ufl.edu/UF00084249/01039
 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: May 30, 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: UF00084249:01039

Full Text



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BAHAMAS EDITION


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Volume: 104 No.158 FRIDAY, MAY 30, 2008 PRICE 750

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01


Police increase

presence around

Doris Johnson

Senior High


SBy PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
FOR fear of an all out "war",
police are increasing their pres-
ence around the Doris Johnson
Senior High School today after
a student there, robbed and lat-
er stabbed two students from
RM Bailey High yesterday.
An update on the condition


of the two students from the
Princess Margaret Hospital was
not available up to press time;
however it is understood that
one student was stabbed three
times in the back, and the other,
once in his side.
While officials at Doris John-
son remained tight-lipped about
the incident, an eye-witness told
SEE page 15


I .: iii~ s~Y

B-O L~l


Govt under pressure to
stop Bimini project phase


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
GOVERNMENT has been
told that "if Bimini is to be
saved" it must stop the devel-
opers of the Bimini Bay Resort
from continuing with phase H of
their project.
Jean-Michel Costeau (pic-
tured), grandson of world-
famous ocean-explorer and con-
servationist Jacques Cousteau,
issued this clarion call in a two-


page article
that appeared
recently in the
international
magazine,
"Diver."
Both he
and his broth-
er, Fabien
Cousteau,
have focused great attention on
the project's environmental
impact, with Fabien creating a
SEE page 10


Felp6
Major/
Tribune THE BLOODY aftermath of the latest example of school
staff violence.

Caution urged on

gas-saving device
AN expert urged caution over a new gas-saving device designed
to cut motorists' fuel bills.
While hydrogen-based systems are feasible, they require sound
engineering design, plus proper operation and maintenance prac-
tices, it was claimed.
His comments came after Nassau brothers Bernard and Tyrone
Miller acquired a business licence for their "water convertor"
device which they claim saves gas and guarantees cheaper motor-
ing.
They are hoping to help other Nassau motorists save money by
installing their distilled water containers, which convert-water into
hydrogen and oxygen and prevent gas from overworking.
In advising caution yesterday, the expert cited the Schatz Ener-
gy Research Centre, which offers a variety of safety practices with
regard to the hydrogen formula.
"The principal hazard presented by hydrogen systems is the
SEE page 15


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0


I Jurors return a unanimous
verdict on 'brazen' shooting
By NATARIO McKENZIE the death penalty for the mur-
der. Mckenzie's sentencing for
A JURY yesterday unani- the murder conviction has been
ously found James McKenzie deferred as a sentencing hearing
iilty of the murder of Kevin will take place first.
ean who was shot multiple The prosecution called 17 wit-
nes during a "brazen attack" ness during the week-long trial
while attending a junkanoo which was heard before Justice
actice in December 2006. Stephen Isaacs. In her closing
The 12-member jury returned arguments yesterday, Deputy
th the unanimous verdict director of Public Prosecutions
ter.some.two hours of delih-.


erations. The Crown is seeking
to have McKenzie, 24, receive


SEE page 15


+T


PLP: Tax cuts an attempt

to make up for 'blunder'


THE tax cuts announced by
the prime minister in the budget
presentation represent an
attempt by the government to
make up for their "blunder" of
stopping and reviewing con-
tracts left in place by the PLP
government, charged the leader
of the PLP.
."What the government is now
attempting to do, and again
shamelessly so, is to make up
for their blunder, the time that
has been lost and the pain and
suffering they have inflicted, by
introducing a budget that will
over compromise its revenue
base," said Perry Christie at a
news conference at the office
of the leader of the opposition,
surrounded by members of his



* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
A careful study of the bud-
get reveals that the prime
minister will soon reconfig-
ure the ministries in his gov-
ernment, leading to at least a
partial redistribution of port-
folios for several ministers.
"The country is owed an
explanation on the apparent
changes made to ministries
and portfolio allocations,"
said Opposition leader Per-
ry Christie at a press confer-
ence at his Parliament Street
office.
SEE page 16


caucus.
He said
that the
opposition
does sup-
port
"meaning-
ful tax
reductions
to citi-
zens" but
the gov-
ernment
must explain how it expects a
Revenue increase of $137 mil-
lion this fiscal year even though
there are no new or significant
tax increases, and the economy
is only expected to grow by 2
per cent in real terms.
SEE page 10
Call for Millar's
Creek alleged
abuse probe
OVER a thousand letters
calling for an independent
investigation into alleged abuse
by officials.at Millar's Creek
have been sent to Police and
Government officials from
around the world.
Amnesty International publi-
cised allegations made by
Emmanuel McKenzie, chair-
man of the Millar's Creek
Preservation Group, and hun-
dreds of witnesses, who claim
armed police and immigration
officers burst into the non-prof-
it organisation's fundraising
event at The Banana Tree Cafe
SEE page 16


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PAGE FRIAY, MY 30 2008THE TIBUN


Capital expenditure allocation increased


to upgrade nation's infrastructure


The' government has
increased by 11 per cent to $250
million its provision for capital
expenditure in the 2008/2009
budget.
This, Prime Minister Hubert
Ingraham said, is a signal of its
continued commitment to mod-
ernising and expanding the
nation's infrastructure.
Mr Ingraham outlined allo-
cations and highlighted infra-
structural works planned for the
fiscal period during his presen-
tation of the government's bud-
get communication to the
House of Assembly on Wednes-
day.

Allocations

Sums allocated to ministries
and departments under the cap-
ital budget include:
Department of Public
Works: $ 87 million
Ministry of Education: $31
million
Royal Bahamas Police
Force: nearly $5 million
Royal Bahamas Defence
Force: $3 million
Department of Environ-
mental Health Services: $6 mil-
lion.
"I am pleased to advise that
progress on the redevelopment


of the Lynden Pindling Inter-
national Airport is on course,"
Mr Ingraham said. "The $400
million dollar project will pro-
vide for the construction of a
new US Departure Terminal, a
new International Departures
Terminal and a new Domestic
Terminal."
The first phase of the con-
struction costing some $86 mil-
lion will commence during this
budget period with the start up
of construction of the US
Departure Terminal.
The prime minister advised
that some 25 per cent of the
design work for the new termi-
nal will be undertaken by
Bahamian architects and engi-
neers.

Construction plans

"I also advise of plans under-
way to cause to be constructed a
60,000 square foot plus govern-
ment office complex in New
Providence," Mr Ingraham told
parliamentarians. "The complex
will properly and appropriately
accommodate a number of gov-
ernment agencies."
A similarly sized office com-
plex will be constructed in
Freeport, Grand Bahama where
land has already been identi-


"I do want to point
out that in the
2008/2009 budget
we are providing a
higher level of
transparency... than
has ever been done
before."

Hubert Ingraham
fied to accommodate customs,
immigration, labour officials
and the passport offices.
A third government office
complex is to be constructed in
Central Abaco to provide suit-
able office accommodation,for
government administrative
agencies on the island.
*Work will resume on the
magistrates' court complex on
Nassau Street," the prime min-
ister said. "We will also under-
take and complete another
interrupted refurbishment pro-
ject at the former City Market
Complex on Market Street.
That complex is to accommo-
date the offices of the registrar
general and business licence


unit and valuation unit. This is
known as 'priming the pump'."
The government, he added,
will initiate work for the con-
struction of a new judicial com-
plex to accommodate the
Supreme Court and the Court
of Appeal.
The 2008/2009 budget also
anticipates the commencement
of major works in Nassau Har-
bour including dredging to per-
mit the harbour to accommo-
date larger cruise ships coming
on stream this and next year.
Works are scheduled to com-
mence before the end of the cal-
endar year.
"The dredge material will be
used to create a boardwalk
extending from Prince George
Wharf eastward to Armstrong
Street creating opportunities for
the development of a prome-
nade bounded by restaurants,
specialty stores and entertain-
ment establishments," Mr
Ingraham noted.
"It is also expected that the
dredging of the harbour will
provide sufficient material to
facilitate the expansion of
Arawak Cay westward, or alter-
natively the creation of a sec-
ond artificial island connected
to the mainland by a bridge or
causeway, to accommodate the


relocated commercial port,
which will be in the Arawak
Cay area."
In a related development, an
inland depot will be developed
to receive storage cargo off-
loaded at Arawak Cay and
moved inland overnight, there-
by avoiding congestion now
associated with cargo move-
ment during peak traffic hours,
the house was told.

Other projects

"I do want to point out that in
the 2008/2009 budget we are
providing a higher level of
transparency with respect to
subvention to government agen-
cies than has ever been done
before," Mr Ingraham said.
"In this budget, we allocate
$28 million to Bahamasair. We
fully expect any shortfall in
Bahamasair's financial needs to
be met by its business opera-
tions. We don't expect them to
come back."
The budget provides $19 mil-
lion to -the Water and Sewer-
age Corporation, $3inillfon for
the installation of potable water
for Green Turtle Cay, Abaco
and $11.7 million for the Broad-
casting Corporation of the
Bahamas.


First tropical storm



hits Central America


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THIS NOAA satellite image taken Thursday, May 29, 2008 at 01:45 PM EDT shows a swirl of clouds off
the coast of Central America in the Eastern Pacific Ocean associated with Tropical Storm Alma. The
storm will make landfall along the north coast of Nicaragua as a possible weak hurricane Thursday
evening. This storm will cause devastating flooding and strong winds.


* MANAGUA, Nicaragua

TROPICAL Storm Alma
slammed into Nicaragua's
northwest corner Thursday,
near the city of Leon, becom-
ing the first such storm of the
eastern Pacific season, accord-
ing to the Associated Press.
Heavy wind and rains
knocked out power, forced
evacuations, and flooded low-
lying areas all along Central
America's Pacific coastline.
Alma's maximum sustained
winds were near 65 mph (100
kph) but the storm was expect-
ed to weaken as it heads inland
over Honduras. Thursday
afternoon, it was moving at 9
mph (15 kph.)
Nicaragua's Radio Ya
reported that a 30-year-old
man was electrocuted in Tras-
bayo, 40 miles (60 kilometers)
southeast of Managua, after a
power line snapped under high
winds.
"It's raining like I've never


seen," teacher Socorro Alvarez
said in Leon. "We hope God
has mercy on us."
The fast-growing storm took
forecasters and many in Cen-
tral America by surprise. Resi-
dents scrambled to prepare for
the storm before it hit.
Some 1,200 emergency offi-
cials were evacuating hundreds
of people from flood-prone
areas. Heavy rains and flood-
ing knocked out power to some
sections of the country.
People crowded Managua
supermarkets to buy food,
water, candles and batteries,
and schools canceled classes
and were on standby to become
temporary shelters.
Many flights were also
grounded, and at least one
small plane carrying five people
had to make an emergency
landing in the Caribbean
coastal city of Bluefields
because of bad weather condi-
tions.
The storm wrapped the Cos-


ta Rican capital of San Jose in a
dense fog, slowing traffic to a
crawl and causing dozens of
accidents. Heavy rains also
forced the cancellation of a soc-
cer final.
Along the coast, some 200
families were evacuated to
more than 160 storm shelters
set up after Alma dumped rain
over the country for 24 hours.
Landslides blocked a few high-
ways.
"Last year, a little water
came in the house, but now it is
completely flooded," Clara
Bermudez said as she was taken
by boat to a shelter in Parrita.
In the beach town of Garza
de Guanacaste, residents began
cleaning up after the worst of
the storm had passed.
"The winds were terrible,"
Maria Baltodano said.
Forecasters warn it could
dump as much as 20 inches (50
centimeters) of rain in places.
The eastern Pacific hurricane
season began May 15.


0 In brief

Three shark
attacks have
Mexico resort
area in panic

* ZIHUATANEJO, Mexico

NO ONE could even
remember a shark attack
along this resort-studded
stretch of Mexican coast pop-
ular with surfers and Holly-
wood's elite. Many of the
large predators had been
pulled from the ocean by fish-
ermen, according to the Asso-
ciated Press.
So when sharks attacked
three surfers in less than a
month, two fatally, it was
unthinkable.
The latest attack came Sat-
urday, when a shark chomped
down on the arm of surfing
enthusiast Bruce Grimes, an
American expat who runs a
surf shop in Zihuatanejo.
Grimes and a handful of
other surfers were out on
dark, choppy waters when he
felt something lift his board.
He managed about five
strokes before teeth sank into
his arm. "Shark!" he
screamed, wresting his arm
back. Grimes made it to
shore, escaping with a few
gashes.
"There wasn't any time to
panic," he said. "I thought:
'Don't want to die. Don't
want to lose my arm."'
Only later did the 49-year-
old Florida native learn a
local surfer had been killed
by a shark at a neighboring
beach the previous day. Less
than a month before that, a
visitor from San Francisco
was killed while surfing
another nearby beach.
Before that, shark attacks
were unheard of here. Uni-
versity of Florida expert
George Burgess was in the
area Wednesday interviewing
witnesses, going over autopsy
reports and checking out
beaches to find out why the
sharks had suddenly become
so aggressive.
Burgess' International
Shark Attack File records an
average of only four fatal
shark attacks around the
world each year. This year,
there has been at least one
other recorded shark fatali-
ty outside Mexico a 66-
year-old triathlete killed at
Solana Beach, Calif.
The attacks around Zihu-
atanejo have puzzled experts
and, alarmingly for local busi-
nesses, the mayhem is keep-
ing tourists away.
After the first fatality, pan-
icked officials strung lines of
baited hooks offshore and
slaughtered dozens of sharks,
drawing international criti-
cism. Authorities planned to
meet Thursday to seek
Burgess' advice.
Marine biologist Chris
Lowe, who runs the shark lab
at California State University,
Long Beach, said there is lit-
tle officials can do beyond
trying to keep people out of
the water and studying why
sharks have suddenly turned
so aggressive. Hunts don't
usually help, he said.
Lowe also said officials
should keep the attacks in
perspective.
"People have a much bet-
ter chance of dying of food
poisoning going to Mexico
than being bitten by a shark,"
he said. "It's far more dan-
gerous driving to the beach
than it is getting in the
water."


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Perisl-r -.-i r,. -'.L. '-.- j Shareholder S".: ,;.-;

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..................................................................................................... I ................:......................................................................................................................................................................................................................................


____ ____ I_ I L, -"I I ----I r~ crr _ I ~-I I I I C __


I~PI IsrpleBllrre~IPPl~sr~8~~F-ilg~F~C~aSCP IL I I' Il II I I I


PAGE 2, FRIDAY, MAY 30, 2008


THE TRIBUNE








T TB ED MA 00,G


0 In brief


Major cultural
festival this
weekend at
Eight Mile Rock

* BY DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net
FREEPORT A major cul-
tural festival will be held at
Eight Mile Rock this week-
end to bring people of vari-
ous cultures together on
Grand Bahama.
Ministry of Tourism officials
announced that the first annu-
al International Cultural Fes-
tival will take place on May
31 at the St Stephen's Parish
Park.
The event is being organ-
ised by the EMR community
tourism focus group. It will
begin at 3pm and will feature
cuisine from several cultures
and musical performances, as
well as crafts and jewellery.
According to a spokesper-
son, attendees will be able to
learn about Haitian, Jamaican,
Filipino, and Turks and Caicos
culture, among others.
There will be live presenta-
tions and performances by
gospel and marching bands,
and local choirs on the island.
The highlight of the evening
will be live entertainment pro-
vided by Wilfred Solomon and
the Magnetics, the Conch
Juice Band, Swingers
Junkanoo Group and a dance
medley by the New Wave
Dancers.

Booze Cruise
captain dies of
burn injuries
after explosion

BOOZE Cruise captain
Carroll Burrows died of burn
injuries after an explosion on
the boat at the Nassau Yacht
Haven.
The 52-year-old father of 10
was on the ship when there
was an explosion in the engine
and fire on the boat.
He was treated for burns in
a Miami hospital but died this
week.
Cpt Burrows' wife June
Burrows said it has been a ter-
rible shock to her and the fam-
ily.
His funeral will be held
tomorrow at Temple Baptist
Church in Farrington Road at
11am.
Friends can pay their last
respects at Demeritte's Funer-
al Home in Market Street
from 10am to 6pm today and
tomorrow at the church from
10am until service time.
The burial will be at Lake-
view Memorial Gardens in
JFK Drive, Nassau.
MMU


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.



- INSIGHT

For the stories behind
the news, read Insight
on Monday

TS.pical Exteminatops


U22""5


We are acting on wholesalers' food



price concerns, says government


Slow pace of


* BY ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
THE government says it is
addressing the concerns of
wholesalers who complain
that the slow pace at which
the Price Control Commission
is reviewing their requests for
price increases is leading to
shortages of basic food sup-
plies on shelves.
Alphaeus Forbes, deputy
permanent secretary of
Affairs, said yesterday that the
wholesalers' "exasperation"
has been brought to the atten-
tion of the government, "and
directives were given to come
to some sort of resolution."
This comes after a sales
manager at a leading grocery
wholesaler, who wished to
remain anonymous, said that
the seriousness of the situa-
tion and its potential to impact
the supply of food was such
that government must deal
with it "now and not later."
Another manager, Jeff
Albury of Island Wholesale,
said that with the recent
volatility in the global econo-
my, combined with "ineffi-
ciency" at the Price Control
Commission, Bahamian con-
sumers can expect to see one
of two unpleasant alternatives:
having to pay exorbitant
prices for food stuffs, "or find-
ing nothing on the supermar-
ket shelves at all."
"The powers that be need
to be very cognisant of this,
and wake up with a plan," he
added.
His statement reflects the
concerns of the Bahamian
wholesale industry in gener-
al, representatives of which
have claimed that the govern-
ment's Price Control Com-
mission is not dealing rapidly
enough with their applications
for price changes on price-
controlled items.
Managers say the landed
cost of these items has risen
so much that soon, they will
no longer be able to make a
profit on their sale due to the
fixed profit margins mandated
by the government.
The situation has put a
peculiarly Bahamian slant on
the global food crisis. Where-
as in recent months, interna-
tional news reports have sug-
gested that there could be
worldwide shortages in the
availability of products like
rice, wholesalers in this coun-
try say that they have experi-
enced no shortage of suppliers
willing to sell to them -
instead, it is the delayed
response- of the PCC once
their products are landed
which is causing the problem.
Price-controlled items
include foods like rice, grits,
bread and corned beef.
Industry insiders say that at


reviewing cost increases request blamed for shortages


"More staff has to be a
decision of the Cabinet to take.
While that may lend some sort
of easement to it the process is
still there. Certainly more staff
would help. but that's not an
admission that we don't have
enough staff."


a minimum, the PCC takes
two weeks to reply to their
applications, and at maximum,
seven weeks.
While wholesalers wait for
their newer, more costly stock
to be approved for sale at a
higher price, their pre-
approved stock sells out pre-
cipitating a supply shortage.
"I would be surprised if
(staff at the PCC) are not
totally overwhelmed right now
if they were being candid,"
said the anonymous industry
source.
Mr Forbes said he feels that
wholesalers are often "unfair"
in their claims about the
length of the process, but
added that as his ministry is


Alphaeus Forbes
notified of stakeholders' con-
cerns it will do "whatever's
required to bring an easement
of situation."
He added however that
stakeholders should be mind-
ful that the legal process by
which prices are reviewed is
designed to protect con-
sumers.
Mr Forbes added: "More
staff has to be a decision of
the Cabinet to take.
"While that may lend some
sort of easement to it the
process is still there.
"Certainly more staff would
help.
"But that's not an admis-
sion that we don't have
enough staff."


"ISLAND WHOLESALE says that their international supplier has informed
them that the cost of a case of corned beef will go up by 80 per cent in the
next two months."

Felipe Major/Tribune staff


DON STAINTON
(PROTECTION) LTD.
HILLSIDE PLAZA THOMPSON BLVD.
PHONE: 322-8160 OR 322-8219




--ii-
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THE STRANGERS NEW 1:'i5 13A5 NI 6:5 8:40 10155

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SEX IN THECITY NEW 1:15 NIA 4:10 7:00 N/A 10;10

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FRIDAY, MAY 30, 2008, PAGE 3


THE TRIBUNE







PAGE 4, FRIDAY, MAY 30, 2008


THE TRIBUNE


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

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

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

Publisher/Editor 1919-1972
.Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


Terrorism and the Olympics

KASHGAR, China The reports of terror It's not entirely clear what to make of all this,
plots emanating this year from this Muslim for as I strolled.around Kashgar I found the
region in the far west of China might seem fan- situation remarkably calm. I wasn't expecting to
ciful: A foiled plot to blow up a plane; a cache of uncover a terrorist cell, but I had anticipated
TNT.to bomb the Summer Olympics; even a more hostility toward the government. Ordi-
"violent terrorist gang" that planned to kidnap nary Uighurs I spoke with offered measured
Olympic athletes. complaints, but they weren't seething as
But these aren't whispers on the Internet. Tibetans are.
They're reports coming from the Chinese gov- "Nobody likes it when the Chinese all move
ernment. So I flew out here to Kashgar an in here," said a Uighur shop-keeper. "Of course,
oasis on the ancient Silk Road, where the we're all upset. But what can we do?"
minarets and camels and carpets provide a Mid- One young woman offered a different take.
die Eastern ambience to look for terrorists. "When I was a little kid, my Mom would tell me,
Instead, China's State Security Ministry found 'Don't wander, or the Han Chinese will steal
me. I had been in Kashgar just a few hours you away. They eat human flesh."' She laughed
when my videographer, who is ethnically Chi- and added: "But now we see more Han, and
nese, called to say that two plainclothes offi- we're not afraid ofthem. Relations are OK."
cials were interrogating him. They asked him ome young Uighurs criticised the Beijing
not to tell me since American journalists tend to Olympics, saying the games will drain local bud-
be touchy about such things. gets. But I could have found stronger anti-gov-
The interrogation was a sign of the authqri- ernment sedition on any street corner of Man-
ties' anxiety about stability in China's Muslim hattan.
west. Separatists here in the Xinjiang region The only excitement I found in Kashgar was
aim to create the nation of "East Turkestan'" playing pied piper to State Security officers
and have periodicaly blown up police stations who tailed me whenever I left the hotel.
even bombed three public buses in 1997. Normally, the Chinese government plays
The Chinese government has claimed that down security risks, but human rights groups
162 people were killed in such terror attacks argue persuasively that China is using concerns
by Uighur separatists between 1990 and 2001. about Uighurs as an excuse to crack down on
Meanwhile, China has sentenced more than peaceful Uighur dissidents. After 9/11, China
200 people to death since 197 for engaging in declared its own war on terror in Xinjiang, but
such separatist crimes. 7T'umanFlRghts Watch and Amnesty Interna-
* -Last year, Chinese officials aid that'lS peo tonal have documented that this often has tar-
pie had been killed'lwh~i pobiediled',tUighuif''" 'edd'Uig furs who are completely nonviolent.
terrorist training camp with ties to al-Qaida. Unfortunately, the Bush administration has
The raid netted 1,500 grenades. largely backed this Chinese version of the war
Then in March, China announced that it had on terror. Indeed, a Department of Justice
foiled a plot "to create an air crash," in a pas- report this month suggests that American troops
senger plane shortly after it took off from the softened up Uighur prisoners in Guantanamo
Xinjiang capital of Urumqi. In April, the author- Bay on behalf of visiting Chinese interrogators.
ities said that they had confiscated explosives The American troops starved the Uighurs and
from Uighurs who were planning suicide bomb prevented them from sleeping, just before invit-
attacks. ing in the Chinese interrogators.
"This violent terrorist gang secretly plotted to That was disgraceful; we shouldn't do China's
kidnap journalists, visitors and athletes during dirty work. It was one more example of the
the Beijing Olympics," The Associated Press Bush administration allowing the war on terror
quoted Wu Heping, a spokesman for the Public to corrode our moral clarity.
Security Ministry, as saying. We should encourage China to tolerate
Then just'this month, a crowded bus blew peaceful protesters even as it prosecutes ter-
up in Shanghai, killing three people and injuring rorists. But instead of clarifying that distinc-
many more. No one publicly claimed responsi- tion, in recent years we have helped China blur'
ability, but it recalled the 1997 Uighur bus bomb- it. The risk of terrorism during the Olympics is
ings. Ronald Noble, the secretary-general of real, but that shouldn't force us to do violence to
Interpol, cited these incidents and also our principles.
reports of a separatist plot to disrupt the..................................................................................
Olympic Games with poison gas and told a (This article was written by Nicholas D. Kristof
news conference that a terror attack at the -
Olympics was "a real possibility." c.2008 New York Times News Service).


EDITOR, The Tribune.
ARAWAK Cay container port
-just moving an eye-sore up the
street.
I would tend to accept and sup-
port if Nassau Harbour was a
mixed-use port with a higher per-
centage on freight than leisure
that what you decide to put mn
Kelly Island or as it is now known
Arawak Cay does not really make
a difference as they would say;
ugly goes with ugly very well.
Nassau Harbour receives over
2.3 million cruise ship visitors a
year so I suggest that the Gov-
ernment needs to look primarily
at them when they deliberate
what will dominate for the future
the entrance to Nassau Harbour.
,We are going to spend probably
over $60 million to deepen the
harbour to receive bigger and
more visitors so we put ugly at
the entrance!
It will be so ironic as this FNM
Government openly embraces
and funds to the fullest The
Bahamas National Trust and all
things environmentally correct
and then decides to place ugli-
ness at the first landfall of New
Providence, Arawak Cay. We
have the beauty on the Paradise
Island side of the entrance of the
majestic lighthouse so pic-
turesque which will now overlook
and be damned to the future of
ugly containers, noise and basic
ugliness on a piece of land man-
made to build hotels and a con-
vention centre back in the 19.60's.
Why are the 15 Cabinet Minis-
ters so naive and lacking foresight
to the potential value of Arawak
Cay? We hear complaint after
complaint from the cruise lines
and the lack of participation by
Bahamians in the tourism product
and that Nassau has nothing to
do let me give you a concept
that Bahamians could develop on
Arawak Cay which would change
that. Successive governments
have refused to grant licences to
explore shipwrecks with the price
of gold today imagine with 50
peer cent of the bounty coming to
the Treasury what a tourist attrac-
tion based around pirating -
shipwrecks and the traditional
craft of gold would bring? Unique
except there is something like it in
Key West where the finders of
the el Torca wreck and because
there is a creativeness in the City
Council of Key West they have
developed a considerable attrac-
tion out of this which droves of
tourists visit.
This themed development
could attract further expansion
of themed Fish Fry and add rides
and historic experiences a d
develop the traditional craft of a
Goldsmith and clusters of stores
offering locally produced gold
jewellery. Of course what this


A leading global, research-based pharmaceutical company
seeks a qualified person for the position of:

MEDICAL SALES REPRESENTATIVE
The medical rep will be responsible for promoting
pharmaceutical brands within the healthcare community
in The Bahamas.

Skills & Educational Requirements:

/ Bachelor's degree in medical sciences, allied health,
or business administration

/ Effective communication and presentation abilities
/ Effective time management, planning and
organization skills
J Proficiency in a variety of computer applications
$ Self-motivated team player
/ Previous experience in pharmaceutical detailing
would be an asset
Candidates should possess a reliable motor vehicle, be
willing to travel to the family islands, to the U.S., and other
foreign countries.

Please send application letter and resume
by June 13th, 2008 to:
MEDICAL REP
P.O. Box N-7504
Nassau, Bahamas
or Fax: 393-0440

We thank all applicants for their interest, however;
only short-listed candidates will be contacted.


government wants is ugly con-
tainers to be the first sight of his-
toric Nassau as the cruise liners
sail in and leave with the back-
ground of what you can see of Ft
Charlotte as the billboards
around the cricket oval grow big-
ger and bigger!
I must congratulate the total
naivety of cabinet, but then this
whole process has been cloaked
in secrecy and many ask will the
proposal ever go to the public for
at least their views? We were:
promised trust and transparency!
Can't see either.
After the meeting last week of
Minister Larry Cartwright and
the Fish Fry folk it is obvious
what can only be described as the
misuse of valuable public land is a
done deal and the "foreign" ship-
ping companies with high level
local connections coming up the
rear seems to rule.
It is said with the hew port of
Arawak Cay in place containers
will only be permitted to be
moved between 2am and 6am -
has for a second anyone thought
what will be the horrific noise and
environmental degradation of the
silence of the night through Chip-
pingham, Oakes Field, Saunders


Cay

Beach, The Grove (Croton
Avenue) down West Bay through
Prospect and/or Skyline Drive
down to Gladstone Road? Who
cares that thousands of Bahami-
ans will be trying to sleep through
these hours?
The heavy 12-wheel bulk sand
and rock trucks rumbling through
the silence of the night down
West Bay Street, Cable Beach
out to Bahamas Hot Mix (Symon-
ette's business) will further annoy
thousands of residents in Killar-
ney/Old Delaporte and Clifton
constituencies those proper-
ties will loose value as noise is
something no property owner
wishes. One looks for peace and
tranquility but who cares, -cer-
tainly the MPs for those areas
Minister Minnis and Kendal
Wright don't seem to.
By the way in the circles of
those interested in investigating
what is left of our shipwrecks that
there has a result of government's
lack of understanding and horrif-
ic amount of illegal exploration
and plundering of many of the
known wrecks. As usualgovern-
ment's asleep at the helm missing
everything and disinterested in
what is an obvious and could be
such an economic asset to our
waning tourism and potential
craft, goldsmith industries.
C CUNNINGHAM
Nassau,
May 24,2008.


Change labour law, please
EDITOR, The Tribune.
LABOUR Day and the majority of employees will not be repre-
sented or are their conditions of employment safeguarded in the same
manner as those who are represented by a union fundamentally dis-
criminatory and in violation of the Constitution.
Yes, any organisation who credit themselves to represent say 15-
16,000 is recognized by any Government as that grouping has influence
and political clout.
The largest unrepresented Labour group in The Bahamas which suc-
cessive governments of The Bahamas refuse to recognize in any man-
ner are those who are not unionised and 365 days in a year give excel-
lent productive labour. However, if anyone of this majority gets into a
labour-employment'dispute God save them as the Ministry of Labour
- the Director of Labour may not intervene however wrong that
dispute may be.
I plead with Senator the Hon Dion Foulkes, Minister of Labour, that
he will announce this upcoming Labour Day that immediately that the
powers of the Minister and the Director of Labour will be extended to
include all gainfully employed persons whether or not they are repre-
sented by a union.
I have not checked the so often touted ILO Conventions by the union
leadership but I am sure that.this inequality and discrimination of
unionised labour has to be in violation of some ILO Convention or the
ILO is a total farce.
Minister Foulkes Rt Hon Hubert Ingraham change the Labour
Law immediately to include any person who is employed may call on
the negotiating and intervention of the Minister and/or The Director
of Labour in a dispute it is only fair and supportive of the supreme
Law, The Constitution.
G ELLIOTT
Nassau,
May 22,2008.






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Immigration bribery reports under investigation


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
POLICE are investigating
media reports that a
Guyanese man paid immigra-
tion officials more than
$1,000 for unauthorised entry
into the country, Minister of
National Security Tommy
Turnquest revealed yester-
day.
In a news report which
aired Wednesday night, a
Guyanese national claimed
he came into the country
from Guyana via Barbados
earlier this year without prop-
er documentation and paid
officials $1,500 to allow him
entry.
The man, whose identity
was concealed, also report-


Guyanese man claims he

paid officials to enter country


edly claimed he is using the
Bahamas as a transit point to
the United States and had
paid almost $9,000 to human.
smugglers who were planning
to sneak him into the US on a
small boat.
Fearing his life would be at
stake aboard a tiny vessel
during high seas, the man said
he backed out of the deal -
which left him stuck in the
Bahamas, out of thousands of
dollars and no way to return
home.
Mr Turnquest said the
report was brought to his
attention yesterday morning


and police are currently look-
ing for the Guyanese man for
questioning.
"All I can say is that report
was brought to my attention
this morning and the police
are now trying to find the
gentleman as we speak to find
out what he knows".
When asked if the Depart-
ment of Immigration kqew the
identity of the officials accused
of accepting bribes, Mr Turn-
quest said that information
cannot be verified until police
question the illegal immigrant.
Last month, the bodies of 14
Haitian nationals were recov-


Bahamians encouraged to continue



to help in the fight against crime


GOVERNMENT is spending
millions of dollars to upgrade law
enforcement agencies through-
out the country to combat crime,
according to a senior official.
Missouri Sherman-Peter, per-
manent secretary at the Ministry
of National Security and Immi-
gration, said however that the
Bahamian public must commit
to "getting off the sidelines" and
joining the fight against crime if
the government's efforts are to
have the desired results.
Addressing a panel discussion
on crime and criminality hosted


by the Bahamas National Baptist
Missionary and Educational
Convention, Mrs Sherman-Peter
said communities must fully
realise "that the game is on the
field, and not on the sidelines."
"We cannot lay blame for our
crime and immigration prob-
lems at the feet of the police,
the Royal Bahamas Defence
Force, the Department of Immi-
gration, the politicians, or at the
feet of church leaders or oth-
ers," Mrs Sherman-Peter said.
"These problems are society-
wide problems for which we


must all take'responsibility. We
must all get off the sidelines and
get onto the field."
Mrs Sherman-Peter said "get-
ting onto the field" means stop-
ping the practice of encouraging
and protecting family members,
members of the community and
friends who break the law.
She said Bahamians must
stop accepting money and gifts
from such persons, and not
allow criminal acts to go unre-
ported to the relevant authori-.
ties.
Mrs Sherman-Peter also
pointed out Bahamians com-
plain about illegal immigration,
but are prepared to employ
persons without the requisite
permits.
She said it is imperative that
Bahamians honestly swear affi-
davits or other documents that
would give persons status in our
country.
"Stop swearing an affidavit
that says a person was born in
the Bahamas when you doh't
have a'clie aS'tb where thiey
were born, o" o6ii know that
they were not born here," she
said. "It is also imperative that
Bahamians and legal residents
of the Bahamas do not abuse
the privilege of citizenship or
residency to move illegal immi-
grants into and through our
country. Marriages of conve-
nience, introduce people whom
we do not know into our com-
munities it is imperative this
does not happen."



'! ''I:


Mrs Sherman-Peter acknowl-
edged that there is a positive
side to what appears to be a
negative picture; in that there is
optimism among citizens and
residents that the current situ-
ation regarding crime and ille-
gal immigration "is not one of
permanence."
She said that civil society,
including the churches, neigh-
bourhood watches, crisis cen-
tres and others are proactively
seeking to'reshape the country
and to bring back morals, val-
ues, ethics and integrity.
The permanent secretary
pointed' out that this has
augured well for critical law
enforcement initiatives of the
Ministry of National Security
and in, particular, the Royal
Bahamas Police Force.
"The Neighbourhood Com-
munity Policing Initiative and
the Liveable Neighbourhoods
Programme are particularly
exemplary in that regard," she
said.- -' ..
' . .
SI"" '" "" '" "


ered by the RBDF in the
shark infested waters between
New Providence and Bimini,
just off Lyford Cay.
Earlier this week, RBDF
officers found the bodies of
three Haitian nationals float-
ing near West End, Grand
Bahama.
Police suspect the passen-
gers were part of a human
smuggling operation and,
drowned during their ill-fated
trip.
Yesterday, Mr Turnquest


said getting to the root of
human trafficking is a huge
concern for his ministry.
"Human smuggling is
something that we have to
stop and is a concern for us.
We know that we have large
number of illegal immigrants
'that make their way to and
through the Bahamas and we
have to deal with it as best
we can and when we have the
possibility to find out more
about it we try and root it
out," he said.


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The Brand Manager will be responsible for planning and
developing the marketing efforts for various brands in
support of the company's overall business strategy.
He/she will be in charge of implementing brand plans
and analyzing their impact for a specific product portfolio.

Skills & Educational Requirements:
Bachelor's degree in business administration
or marketing
Effective communication and presentation abilities
Proficiency in time management, planning,
and organizing
Proficiency in a variety of computer applications
Self-motivated team player
Previous sales experience in the wholesale /
retail business

Candidates should possess a reliable motor vehicle, be
willing to travel to the family islands, to the U.S., and
other foreign countries.

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THE TRIBUNE


FRIDAY, MAY 30, 2008, PAGE 5


, 6 11) 11(01- 8 I


*i I ''
:~F~~~ .'PC ';';r ; ih i~;~e~;nF,~s~-a:~i~'~8~C~-- "
i' '
;i;







PAGE FRIAY, MY 30 2008THE TIBUN


Sponsors sought for book


ABA
sponsor
poems
the Fam
SAbou
will be f
Collage
The i
Commo


featuring young writers

JHAMIAN writers group is seeking promote writing and reading among young from Nassau, Cat Island, Long Isl
rs for a new book of stories and Bahamians. Abaco. Last weekend, the group
by young talent from Nassau and Writer Vera Chase said the book has reception in Nassau to honour con
daily Islands. been "on the drawing board" for two years winners in two age categories.
.t 60 students aged from eight to 15 for lack of funds. Several Nassau and Family Island
featured in the book, to be called A She said sponsors are being sought so were represented.
of Dreams. that the young writers can experience the Mrs Chase said: "We had a trer
initiative is part of a drive by the joy of seeing their work in print, response. About 300 people atten
wealth Writers of The Bahamas to The book will include,work of students we were delighted."


and and
p held a
petition
d schools
nendous
Aided and


R M Bailey Class of '88 get their 20th

reunion actities and plans on the way


gnoIMM-* -
Ig~~t,^ 'aa


KEMP'S FUNERAL HOME LIMITED
Established 1950
P.O. Box N-1222, 22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas
A MEMOR A L aCF

the late
Michael Frank
Brownrigg 54,

/ of Paradise Island, Nassau,
The Bahamas, will be held at
S St. Andrew's Presbyterian
Church Princess Street, Nassau on Wednesday,
4th June, 2008 at 5:30p.m.

Reverend Scott Kirkland will officiate. Mr. Brownrigg
was predeceased by his parents, Edwin and Mona
Brownrigg and is survived by his brother, Robin
Brownrigg, sister-in-law, Andrea Brownrigg, nieces,
Brittany and Hienan and other relatives and friends.

Instead of flowers the family request that donations
be sent to St. Andrew's School Foundation, P.O.
Box EE-17340, Nassau for the "Building For The
Future Campaign" in memory of Michael F.
Brownrigg.

Arangements by Kemp's Funeral Home Limited..


THE 1988 graduating class of R M Bailey
High School has planned a series of "excit-
ing" fundraisers and activities for it's 20th
reunion.
The reunion committee is led by chair-
persons Errol Bodie and Ronald Dun-
combe. .
Sub-committees have been formed and
plans have already begun for the groups'


first event, a meet-and-greet on Saturday
May 31 beginning at noon, where, the com-
mitteesays, "classmates can rekindle the
friendship and network".
Directions can be found on the class web-
site www.rmbailey88.com.
The class first fundraiser will be a steak-
out and'raffle to be held on July 5.
Other planned events include a boat


cruise in the summer and a grand banquet
in the fall. Planning meetings are held at the
school every Thursday at 7pm. Other offi-
cers include: treasurer Fifika Bain, assis-
tant Lisa Adderley, secretary Alan Adder-
ley; public relations officers Godfrey Arthur
and Marvin Duncombe; projects manager
Carlon Bethell, webmaster Charlton Wat-
son.


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seeking the services of a Senior Trader, Front Office who will
be responsible for the day to day management of the Treasury
operation that functions regionally in the Caribbean.

POSITION SUMMARY:

This position manages the day to day operations of a funding book
and is accountable for the' asset/liability, liquidity and gap
management of the book. The position will contribute to the
development of investment opportunities and the formulation of
market strategies.

KEY ACCOUNTABILITY:

The responsibility of the Senior Trader is to ensure all treasury
activity is conducted in accordance with all Risk Management
policies, ensure accurate management information reports, as well
as develop strong relationships with various Scotiabank entities.


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University Degree in related area
Thorough knowledge of financial markets
Superior knowledge of financial products including swaps,
futures and asset/liability management
Strong interpersonal skills

We are looking for a select individual to join our team. This
individual will be located in Nassau and will report to the Managing
Director, Scotiabank Caribbean Treasury Limited, Nassau,
Bahamas.

Interested persons should submit applications in writing, marked
private & confidential to: Managing Director, Scotiabank
Caribbean Treasury Limited, P.O. Box N-7518, Nassau,
Bahamas or by e-mail to: brodie.townley@scotiabank.com

Qualified candidates only need apply by Friday June 13, 2008.


THE TRIBUNE


PAGE 6, FRIDAY, MAY 30, 2008











Govt to continue WTO and EPA talks amid controversy


THE government is forging
ahead with its plan to join the
WTO and the EPA in the face of
continuing opposition.
While Prime Minister Hubert
Ingraham said this week that final
approval on membership in the
World Trade Organisation
(WTO) can only take place
through consensus of the Bahami-
an people he maintained that
such a consensus does not have to
be arrived at by a referendum.
Those against the Bahamas
becoming a member of both the
WTO and the Economic Part-
nership Agreement (EPA) with
Europe say that Bahamians will
be forced to compete in a losing
battle with foreign workers for
their own local markets.


I


The government has stated that
in terms of the EPA, many indus-
tries will be protected from open
competition, however detractors
say this will only last for a matter
of time. Appearing on a radio talk
show yesterday on More94 FM,
attorney and PLP member Fayne
Thompson said the final aim of all
trade agreements of this kind is to
open societies completely to inter-
national competition.
Prime Minister Ingraham
touched on the WTO and rela-
tions with European Union dur-
ing the 2008/2009 Budget Com-
munication in the House of
Assembly on Wednesday.
"The Minister of State for
Finance, the Trade Commission,
and the Ministry of Finance are


providing extensive briefing on
the issues involved," Mr Ingra-
ham said. "We want the Bahami-
an public to be fully informed on
the context of the crucial deci-
sion which will have to be made
shortly. "It is my government's
considered opinion that entering
into the WTO is a major step
which we should be willing to
consider."
The Bahamas received Observ-
er Status in the WTO in 2000 and
applied for membership in the
same in 2001. Regarding the
EPA, Mr Ingraham said Minis-
ter of State for Finance Zhivargo
Laing, the Trade Commission and
staff of the Ministry of Finance
have "tried diligently" to provide
'the Bahamian public with com-


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prehensive information..
"It is an issue on which we, as a
democracy, shall take an
informed decision and not one
based on poor and misleading
information," he added. "My gov-
ernment and its agencies will con-
tinue to work very hard to fully
inform the Bahamian public and
their parliamentary representa-
tives before any final decisions
are taken."
Minister Laing, who has
responsibility for trade matters,
addressed the issue of the EPA
signing during an interview with
Bahamas Information Services.
"There has been no signing at
all," he said. "So the agreement is
not complete yet in terms of a
signing. And even after the agree-
ment is signed by all the coun-
tries there has to be a ratification
process by each country; mean-
ing that they have to go to parlia-
ment and pass an Economic Part-
nership Act," he said.
Mr Laing explained that nego-
tiations are ongoing between the
European Union and CARIFO-
RUM (Caribbean Forum of
African, Caribbean and Pacific
states), noting that only the CAR-
IFORUM grouping concluded
their negotiations by the Decem-
ber 2007 deadline.
"But there is this one excep-
tion, The Bahamas and Haiti
were given six months beyond the
deadline to provide their service
offer," Mr Laing said. "So we did
not agree to a services offer, we
did agree with the overall goods
offer that CARIFORUM has."


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By the end of May, the entire
goods and services offer of the
Bahamas will be made available
to the public, Mr Laing said.
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of which the Bahamas is dis-
cussing with the European Union,
he noted. In terms of services,
there are two descriptions -
"none" and "unbound".
"None means I have it open
for non-Bahamian participation,
that you can invest in that area.
Unbound means closed to non-
Bahamian investment," Mr Laing
said. He added, "Since straw ven-
dors are categorised as retailers,
that sector is "unbound"; closed.
There is no foreign investment
coming into this area. This is the
same for construction of any
building up to 250 rooms.
"For the most part, what we
have in the Bahamas is reserved
for Bahamians in our economic
partnership agreement offer.
Whether that is wholesale or
retail trade, whether that is real
estate services, or Whether that is
inter-island transport services.
"In every way, we have sought
to be sensitive to the peculiar
needs of Bahamians and to pre-
serve, for the most part, the same
reservations that we had in this
country for years for Bahamians.
Legal services,'Mr Laing
advised, is also classified as
unbound. His opponents claim it
is only a matter of time, however,
before the European Union
moves to abolish the protection of
any industry.


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Defence Force officers complete overseas courses


SUB Lieutenants Andrew
Bowe and Lynden Deon
Dames are the Royal Bahamas
Defence Force's newest offi-
cers.
Both have returned home
after successfully completing the
Officer Candidate School in
New London, Connecticut.
The rigorous 17-week Coast


Guard course, sponsored by the
International Military Educa-
tion Training Programme
(IMET), was conducted at the
United States Coast Guard
Academy from January 10
through May 7.
The course is designed to
educate and train officer can-
didates, to ensure that they


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posses the moral, intellectual
and physical qualities for com-
missioning, and the leadership
potential to serve effectively as
officers.
The curriculum includes
courses in academics, leader-
ship and management, nautical
science, health and physical
readiness, customs and courte-
sies, military traditions and
Coast Guard history.
The academic aspect of the
course gives the officers an
overall view of the Coast
Guard.
It also exposes them to mar-
itime law enforcement, military
etiquette, the Unified Code of
Military Justice, effective writ-
ing, communication skills and
first aid.
Sub Lieutenant Bowe's nau-
tical science course included a
one-week tour on board US
Coast Guard Cutter Juniper,
where he was required to apply
the knowledge of piloting,
maneuvering, ship handling,
celestial navigation, shipboard
communication, tides and cur-
rents, nautical nomenclature
and the compass system.
Sub lieutenant Bowe also
spend one week at Castle Hill, a
US Coast Guard small boat sta-
tion in New Port, Rhode Island,
where he participated in sever-
al small boat handling maneu-
vers.
Sub Lieutenant Dames' tour


SUB LIEUTNiA N o" 3enl.


of duty included one week at
Sector San Juan (Puerto Rico),
where he participated in vari-
ous marine law enforcement
inspections
Both officers attended a two-
day training session in fire fight-
ing and damage control at the
US Naval Base in New Port,
Rhode Island.


Fisheries officials seize more

than 150 juvenile conch


* BY DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net
FREEPORT More than
150 juvenile conch were seized
by fisheries officials who were
conducting marine patrols in
waters around Bimini.
Two male residents of Bimi-
ni were arrested in connection
with the seizure, which
occurred on Wednesday
morning about one mile south
of Bimini.
Chief Superintendent of
Police Basil Rahming said the
inspectors were conducting


patrols around 9.43am when
they observed a small fishing
boat.
The inspectors conducted a
search of the catch and dis-
covered a total of 207 live
conch on the vessel.
They counted 157 juvenile
conchs, he said.
According to Mr Rahming,
the capture ofljuvenile conch
is against the Fisheries
Resource Jurisdiction and
Conservation Act.
Two men a 47-year-old
resident of Bailey Town, and a
, 37-year-old resident of Alice
Town were take into cus-
tody for questioning by Alice
Town Police.
They were released on
$1,500 bail with one surety
each, and are due to appear
in the Bimini Magistrate's
Court on June 4 to answer
charges in connection with the
incident.


They also represented the
Bahamas and the Royal
Bahamas Defence Force at the
Armed Service International
Ball in Washington, DC, and
visited the White House and the
Pentagon.
A 1983 graduate of the R M
Bailey Senior High School, Sub
Lieutenant Andrew Bowe


joined the Defence Force in
July 1984 as a marine recruit.
Sub Lieutenant Lynden
Dames joined the Defence
Force in January 1988 as a
marine recruit after graduating
from the Governors Harbour
High School, Eleuthera in 1987.
- Leading Seaman Jonathan
Rolle/RBDF


Dr John Hammerton
a Dedicated Conservationist
On, Monday May 19, long time Bahamas National Trust Wildlife
Committee Member, Dr. John Hammerton, passed away at the
age of 73. Dr. Hammerton was a faithful attendee at Wildlife
Committee Meetings and provided significant support to the
Trust on scientific matters specifically in areas concerning invasive
species and native flora.
Dr. Hammerton was a former professor at the University College
of Wales and at the University of the West Indies in Trinidad. He
also served as the Senior Scientist for the Caribbean Agricultural
Research and Development Institute. He served as an Assistant
Director at the Bahamas Department of Agriculture and was
employed at the Bahamas Environment Science and Technology
(BEST) Commission where he served as the Chief Scientist. He
was also the co-author of the bilingual "Weeds of the Lesser
Antilles"
Dr Hammerton was also active on many national committees and
initiatives including the National Wetlands Committee, the
National Biodiversity Committee. He was involved in the
production of key national documents including the National
Biodiversity Strategy and Action Plan and the Bahamas Biodiversity
Country Study.
The Council and Staff of the Bahamas National Trust extend our
deepest sympathy to his family and to his many friends and
colleagues.
Although human subtlety makes a variety of inventions by different
means to the same end, it will never devise an invention more
beautiful, more simple, or more direct than does nature, because in
her inventions nothing is lacking, and nothing is superfluous.
- Leonardo DaVinci


Island Jujutsu and Karate presents
BAHAMAS KIDS SAFETY, No Easy Target Seminar
with special guest instructor Sensel Glen Olson from
Knoxville, TN, June 14, 2008
First session begins 10am
Parents and their kids should attend this special event
which provides practical solutions on such topics as;
SAYING NO
DON'T TOUCH MEI
STRANGER DANGER
HOME SAFETY
PASSWORD PROTECTED
SELF DEFENSE.
Cost of Seminar is $50 for parent and child which
includes:
Safety NET DVD, Work Book, Certificate and Safety
NET T-Shirt
Contact 361-7647 or info@islandjujutsu.com"
info@islandjujutsu.com for more information
or visit www.safetynetkids.com
Ask about special school and group rates


CREDIT SUISSE
Credit Suisse Nassau Branch Private Banking
is presently considering applications for an
Accountant
Credit Suisse is one of the world's premier private banks. It is setting new standards that
go beyond traditional banking services. Our dedicated and highly qualified staff provides
our clientele with comprehensive solutions in individual investment counseling and
professional portfolio management. Our total commitment is always to our clients and we
focus without compromise on their financial well-being and their personal values.

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

1-2 years Accounting & Banking experience
Strong academic background (an associate's or bachelor's degree)
Proficient in Excel

Main tasks:
Management of Service Level Agreements (SLA) and inter-company/
divisional expense allocation process
Preparation and payment of'cheques
Booking of monthly accruals
Reconciliation of all general ledger accounts at the appropriate level of
frequency
Respond to queries relating to clients' and internal expenses
Filing of expense and daily computer reports on a timely basis
Assist with Local and International Reporting
Assist Cashier


Personal Qualities:
Excellent communication skills both written and oral
Ability to work under pressure and meet.deadlines with minimum
supervision
Excellent organizational and interpersonal skills
A commitment to service excellence

Benefits provided include:
Competitive salary and benefits

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

Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas
Facsimile: 242-356-8148

DEADLINE FOR RECEIPT OF APPLICATIONS IS JUNE 6, 2008


PAGE 8, FRIDAY, MAY 30, 2008


THE-TRIBUNE


0


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THE TRIBUNE


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50













PLP: Tax cuts an attempt to make up for 'blunder'


FROM page one
"The math does not make
sense," he said.
The projected budget deficit
for the 2008/9 fiscal year is $235
million.
Mr Christie suggested that an


announcement of the sale of
state assets by the government
may be what it expects to make
up the revenue shortfall. This
statement primarily refers to
the sale of BTC which the gov-
ernment says should occur by
the end of the year. However,


the sale of Bahamasair, alluded
to in the annex of the prime
minister's budget communica-
tion, may also be a part of this
equation.
The opposition leader also
expressed concerns that the sav-
ings from the tax cuts on food
items may either not be passed
on to consumers by retailers
keeping the margins; or, that
the rise in the price of com-
modities worldwide will wipe
out any savings Bahamians may
have been expecting.
"Indeed with rice prices set
to rise by June 2008, for exam-
ple, by 30 per cent for the year,
and the price of wheat already
double what it was just over a
year ago, how is the removal of
two per cent tax on food items a
significant savings, and what
guarantee does the consumer
have that any savings will be
passed on to them and not to


the merchants' bottom line?"
asked Mr Christie. He empha-
sised that the two per cent
stamp tax elimination amounts
to 10 cents on an item that costs
$5. "The government must say
where price control fits into
these new measures. The busi-
ness community here has posted
on an international website the
story of the delays in obtaining
price control approval for the
importation of rice from
abroad, and the result that this
could have on the availability
of rice into the country," said
Mr Christie. "We still think that
price control is a useful mecha-
nism in regulating the supply of
goods and services for the poor,
but it must be efficiently applied
if it is to help the poor."
Mr Christie also suggested
that the FNM is merely adopt-
ing the PLP's policies in many
instances in the budget. The


stamp tax exemption for home-
buyers which his government
had instituted, but which
expired under the FNM's
watch, was an example of this.
he said.
The move of the ports to
Arawak Cay, rather that to the
southwestern New Providence
as the PLP had championed.
was again sharply criticised by
Mr Christie.
The PLP government went
through a comprehensive sci-
entific study that determined
the new port was best suited in
southwestern New Providence,
said the opposition leader.
"This government will
destroy the whole concept of
the use of Arawak Cay as a
beautiful gateway to Nassau.
Under their plan, the first and
last site tourists will see is an
industrial centre," he said.
"They must reveal the scientif-


ic and engineering rationale for
this curious and negative deci-
sion, otherwise we are left to
believe that it is only to change
what the PLP said, however
correct and beneficial to the
Bahamian people."
He also suggested that the
rise in fees for banks and trust
companies owed to the govern-
ment may ultimately be passed
on to consumers potentially
making it more expensive to
borrow. On what the PLP per-
ceives as a lack of focus on
crime in the budget, the PLP
leader added: "One cannot help
but note that there are no spe-,.
cial initiatives in this budget to.
fight crime. On crime and:'.
national security, it is very much,
business as usual. One has to
ask what is this governmenti-
thinking in the face of the"
unprecedented concern in this&'I
country about crime?"


Government under pressure to


stop Bimini project phase


Ii l II I


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plan to expand Bimini Bay in
favour of more condos and a
golf course in Phase II.fB Bimi-
ni is to be saved, Phase II must
be stopped."
He added that "the decision
to protect this unique paradise
must be made now."
'Mr Costeau proposes that a
Marine Protected Area is estab-


lished in Bimini encompassing
the area's remaining mangroves.
"Nature has the remarkable
ability to heal wounds that we
inflict on land and sea. In the
case of Bimini's mangrove
forests, it's not too late to halt
development, establish the
MPA, and let nature take its
course," he said.


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Asked yesterday where gov-
ernment stands in terms of
negotiations with the Capo
Group on the project's further
development, BIS Deputy
Director Sharon Turner, said:
"As the Prime Minister has
announced the appointment of
a Minister for the Environment
on July 1, you might perhaps
await that appointment to pur-
sue your questions in this
regard."
She added however that
"dredging has been brought to
an end at Bimini Bay," although,,
it is unclear whether this was as
a result of a specific period of
development coming to a nat-
ural close dr the demands of the
. government having in mind
environmental concerns.
In a filmed interview in Jan-,
uary with Fabien Cousteau of
the Ocean Future's Society,
which appears on the Save
Bimini Association's website,
Kenneth Russell, minister of
housing, said that government
was soon to meet with the
developer "to see how we can
shift this thing around."
He said that while it was the
FNM who were in power when
the project was initially
approved, over the five years
that they were in Opposition
the development went "hay-
wire".
He told Fabien Costeau that
government would be looking
in these meetings to "to proba-
bly stop any future mangrove
removal, any future dredging
and reclamation of land" as well
as to have the developers
reduce the size of their pro-,
posed golf course from 18 holes ,,
to the nine that the FNM origi-;
nally agreed to.
Meanwhile, Bimini Bay rep-
resentatives maintain that the, .
project is respecting the envi-,:,
ronmental integrity of the island,
and its surrounding habitats. ,
In the Save Bimini Associa-, ,
tion's film, Patrick Perichon,,i,
general manager at the resort,:
said: "Bimini Bay will never do
anything against the environ-,
ment. That's a fact."
:-.


SFROM page one
short film earlier this year on
the subject.
In his article, Mr Costeau
said: "Unless something is done
soon to develop a more sus-
tainable plan that safeguards
the habitat, it will soon be bull-
dozed forever. The Capo Group


CONGRA TULA TIONS
.P-




,g .
... : i '.

















On your recent accomplishment of ~helor Degree in
Public Administration with honors from the College of The
Bahamas. Also for receiving the "Top Award" in your area
of study.

From: Parents: Pearlene and Freeman Cartwright,
brothers, sisters, nieces and nephews.

"Its' Raining...Lord send more RAIN!"
May God continue to guide you and shower you with
blessings.


PAGE 10, FRIDAY, MAY 30, 2008


THE TRIBUNE











' \-\ ^


---

Knowles and Bhupathi defeated in



. the first round of the French Open


Blake exits

French Open

in 2nd round

N TENNIS
PARIS
Associated Press

JAMES BLAKE'S frus-
tration rose to a crescendo
Thursday.
The top U.S. man in the.
French Open was talking to
himself, and the words were
growing louder. He was
bothered by the clay under-
foot. By the chair umpire. By
his own play. And, most of
all, by the drop shots and
assorted other winners his
up-and-coming foe produced.
For the fifth time in six
career trips to Roland Gar-
ros, Blake departed before
the third round, losing this
time to 80th-ranked Ernests
Gulbis of Latvia 7-6 (2), 3-6,
7-5, 6-3. It was part of a 1-3
showing by American men
Thursday, when Mardy Fish
apd Bobby Reynolds also
lost.
The 88th-raniked Robby
Ginepri knocked off No. 27
Igor Andreev 4-6, 6-2, 7-6.
(5), 6-2 to join Wayne
Odesnik as the only players
from the United States in the
third round.
"Americans a lot of times
don't have the highest expec-
tations on clay," the No. 7-
seeded Blake said. "But I
really felt like this match
today was a match I could
have won."
There were moments, if
ever so brief, that similar
thoughts ran through the
minds of the men facing No.
1 Roger Federer and No. 2
Rafael Nadal.
Federer's opponent, 60th-
ranked Albert Montanes of
Spain, staked himself to a
one-set lead and then was
overwhelmed the rest of the
way in a 6-7 (5), 6-1, 6-0, 6-4
victory for the owner of 12
Grand Slam titles.
Nadal's opponent, 148th-
ranked Nicolas Devilder of
France, was one point from
serving for the first set, hold-
ing a break point at 4-all -
and then.was completely
overwhelmed the rest of the
way in a 6-4, 6-0, 6-1 victory
for the owner of the past
three French Open titles.
"His forehand was not a
big problem for me to start
with. And I thought, 'Why
not? Why not?"' Devilder
said.
And then?
"The games go by so
quickly," he said. "They go
by so quickly, and you think:
'When is it going to end?"'
Nadal improved to 23-0 at
Roland Garros and said he's
"improving with each
match."
Federer, meanwhile, called
his outing "a good test."
He saved all six break
points he faced, including
two during a rain shower
while trailing 5-4 in the first
set. After a 1 1/2-hour rain
delay making it the fourth
of the tournament's five days
with wet weather he came
out and lost the tiebreaker.
But as Federer put it:
"Bounced back strong."
Talk about understate-
ment. From Montanes' per-
spective, Federer was "like
a-hurricane. I couldn't do
anything. You can tell that
he's here to win this tourna-
ment."
In the third round at the
only major tournament he
hasn't won, Federer faces a
familiar foe: Mario Ancic of
Croatia, the last man to beat
him at Wimbledon, back in
2002.


* By RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

The second grand slam
for Mark Knowles and his
latest partner in the post-
Nestor-era, ended bitterly
in a surprising early exit.
The fourth ranked pair-
ing of Knowles and Mahesh
Bhupathi fell in the open-
ing round of Roland Gar-
ros, the French Open.
Knowles and Bhupathi
were outdueld by the team
of Stephen Huss, Australia,
and Ross Hutchins, Great
Britain, in straight sets 6-4,
6-4.
In a match that took just
49 minutes, Knowles and
Bhupathi were outmatched


in nearly every conceivable
statistical category.
Huss and Hutchins
recorded a winning per-
centage of 74 percent on
first serves and 47 percent
on second serves.
They were 3-8 on break
point conversions for 38
percent and won a total of
75 points.
Knowles and Bhupathi
won just 66 and 37 percent
on first and second serves
respectively.
They were just 1-8 on
break point conversions, 13
percent and scored a total
of 63 points.
The unranked team of
Huss and Hutchins will
face the winner of the
opening round matchup
between Americans Scott


Lipsky and David Martin
and Ivan Ljubicic, Croatia,
and Peter Pala, Czech
Republic.
Knowles and Bhupathi
were one of only two
ranked teams to fall in the
opening round thus far.
The 12th ranked team of
Max Mirnyi, Belarus, and
Jamie Murray, Great
Britain, also lost their
opening round bid with a
3-6, 6-3, 7-5 loss at the
hands of Rik De Voest,
South Africa, and Robin
Haase, the Netherlands.
Top seeds Mike and Bob
Bryan easily advanced with
a 6-1, 6-4 win over Rohan
Bopanna, India, and Aisam-
Ul-Haq Qureshi, Pakistan.
'Knowles' former partner,
Daniel Nestor and Nenad,


Zimonic, the tournament's
second ranked pair also eas-
ily advanced to the second
round with a 6-3, 6-3 win
over Frenchmen Edouard
Roger-Vasselin and Giles
Simon.
Knowles and Nestor were
won the doubles titles at
Roland Garros in 2007, the
third grand slam win for the
team in a six year span.
Knowles is still alive in
mixed doubles with partner
Zi Yan, China.
The fifth ranked team will
Face unranked Tatiana
Poutchk, Belarus, and
SJulian Knowle, Austria.
For the year, Knowles
and Bhupathi have won two
titles, in Dubai and Mem-
phis and have also been
finalist in two others.


*


1 =a----- wes


6.................I..........................................................................................................................
... .... .. .. .... .. .. .. .. ... .. .. .. .. .. .. .... .. .. ... .... .. .. .. .... .. .. .. .. ... .. .... .. .. .. .... .. ... ...... .. .... .. .. .. ..... .. .... .. .. .. .. .. .. .. ..


IN THIS March 29, 2008 file photo, mixed martial arts fighter Kimbo Slice walks'to the cage during the Strikeforce mixed martial arts event
in San Jose, Calif. After coming on strong among young men in the last several years, the sport of mixed martial arts is headed for a clinch
with mainstream pop culture. CBS on Saturday, May 31, will become the first legacy network to show fOll matches in primetime.



Bahamian fighter headlines



Mixed Martial Arts event


* By RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

ONE of the fastest growing
sports in the United States will
premiere live on network tele-
vision for the first time, fea-
turing a fighter of Bahamian
heritage as one of its star
attractions.
Bahamian-born Kimbo
Slice will headline the Mixed
Martial Arts showcase, "Elite
XC Saturday Night Fights"
airing on CBS, May 31st, at
9pm.


The 6'2", 250 pound Slice,
whose listed styles include
boxing and streetfighting, will
face mixed martial artist
James Thompson of Great
Britain in the main event on
the card.
The 6'5" 270 pound Thomp-
son comes into the contest
having lost his last three fights
with an overall record of 14-8.
Slice, whose real name is
Kevin Ferguson, was born in
Nassau and rose to promi-
nence as a street fighter whose
videos heavily circulated the
Internet via YouTube.
He parlayed his popularity


into a mixed martial arts
career and is now assigned as
a feature fighter for Elite XC.
The 34-year-old Slice boasts
a 3-0 MMA record with victo-
ries over Ray Mercer,.Bo
Cantrell and Tank Abbott.
He totaled a street fight
record of 7-1 with his lone
loss coming Sean Gannon.
Slice's camp contends the
loss remains under dispute.
Slice has become such a
giant in the sport and pop cul-
ture icon that he graced the
cover of ESPN magazine and
has become arguably the most
recognizable athlete in the


sport.
The father of six is a former
high school football standout
at Miami Palmetto High in
Miami, Florida and attended
the University of Miami on an
academic scholarship, howev-
er, withdrew after three
semesters.
Fighting on the undercard
will be Elite XC Middleweight
Champion Robbie Lawler
defending his title against
Scott Smith.
The undercard will feature a
total of eight bouts including
female MMA fighters Gina
Carano and Kaitlin Young.


Riley said to


be intrigued


by Mayo

* BASKETBALL
LAKE BUENA VISTA, Fla.
Associated Press

HEAT President Pat
Riley,'who owns the No. 2
pick in the NBA draft, has
said he might do something
unexpected June 26 rather
than simply choose Mem-
phis point guard Derrick
Rose or Kansas State pow-
er forward Michael Beasley,
the top-rated prospects.
If Riley selected South2
ern California's O.J. Mayo -
- or came away with him in
a trade -- and paired him
with Dwyane Wade, the
Heat would be creating an
unconventional but poten-
tially explosive backcourt.
Mayo, 20, is a natural
shooting guard who some
think could start at point
guard alongside Wade.
"Don't fill a position,"
Portland scout John
Gabriel, a former Orlando
Magic general manager,
said of one draft philoso-
phy. "Take the unequivo-
cally best player you can."
The possibility of Riley
pulling a stunner is merely
speculation this week at the
NBA pre-draft camp. But
he did recently discuss
"leveraging" the pick and
is said to be impressed by
Mayo.
At 6-foot-5 and 200
pounds, Mayo is a big guard
with impressive credentials.
He averaged 20.7 points, 4.5
rebounds, 3.3 assists and 1.6
steals in his one season at
USC, has a nice jumper and
shows a willingness to play
defense.
Heat fans will recall
Wade playing point guard
as a rookie in 2003-04, with
Eddie Jones starting at
shooting guard. Miami went
17-4 down the stretch that
season to finish 42-40, and
won a seven-game series
against New Orleans in the
first round of the playoffs.
Wade moved to his nat-
ural position, shooting
guard, in his second season
and has been a fixture there
ever since. But he showed
that a guard is a guard.
"We play in a league now
where you don't have to
have a point guard,"
Gabriel said.
Toronto coach Sam
Mitchell said Cleveland for-
ward LeBron James also
has shown that it's not
always necessary to worry
about traditional roles.
"Everybody's always
talking about Lebron needs
a point guard," Mitchell
said. "To do what?
Lebron's going to have the
basketball when it matters.
You need someone to play
off him."









P 1 I M 0 0U S


IV


4-7yT


High school

football player

dies after practice

FOOTBALL
IRVINE, Calif.
Associated Press
A high school football play-
er is dead after collapsing
during practice in Southern
California.
Irvine police Lt. Rick
Handfield says 15-year-old
SDylan Bradshaw apparently
had an asthma attack during
junior varsity practice
Wednesday at Northwood
High School. A trainer took
Bradshaw to the locker room,
where he went into cardiac
arrest.
The trainer administered
CPR and Bradshaw was in
critical condition when he was
taken to a hospital. He died
there, about 90 minutes after
collapsing.


Venus Wiflians
peaches 3rd round
i at French Open


PARIS
Associated Press
Venus Williams had a
much easier time in the sec-
ond round of the French
Open than in the first:
The No. 8-seeded Williams
overcame 25 unforced errors
and used a six-game run to
take control en route to a 6-2,
6-4 victory over 241st-ranked
qualifier Selima Sfar of
Tunisia at Roland Garros on
Thursday.
Williams' serve was broken
to put her behind 2-1,,but she
didn't drop another game
until leading 1-0 in the sec-
ond set. The American'i eed-"
ed three sets to get through
her opening match.
She made 16 more
unforced errors than Sfar, but
made up for that with strong
play at the net. Williams won
the point on 24 of her 35 trips
forward.


FIFA lifts ban on
Iraq; postpones
Chad-Sudan qualifier

SOCCER
SYDNEY, Australia
Associated Press
SOCCER'S governing
body lifted its international
ban on Iraq hours before a
Thursday midnight dead-
line, allowing Sunday's
World Cup qualifier against
Australia to go ahead.
FIFA also announced
Thursday the World Cup
qualifier between neigh-
boring Sudan and Chad,
Scheduled for May 31, was
indefinitely postponed
pending a decision of the
World Cup organizing com-
mittee.
FIFA had suspended Iraq
on Tuesday over what it
said was government inter-
ference in the running of
the sport by dissolving the
national Olympic commit-
tee and all sports federa-
tions.
The ban was provisional-
ly lifted eight hours before
,the deadline Sydney
,local time when FIFA
said it received documenta-
tion from Iraqi officials
;which explained the situa-
'tion.
"FIFA received a letter
from the general secretariat
.for the Council of Ministers
lof the Republic of Iraq, con-
'firming that the IFA (Iraqi
Football Association) had -
been 'excluded' from the
above-mentioned decree,
thereby re-establishing the
statutory order of the Iraqi
association and its leaders,
who will 'continue their
activities inside and outside
Iraq until legal election',"
FIFA said in a statement.


However, FIFA said that
more meetings would be
scheduled with Iraqi offi-
cials in Zurich and that the
ban could be re-imposed if
certain criteria were not
met.


ml r


'I


I


" ; ." fif ,
*j'-"


-t '-- - -----


OAKLAND Athletics starting pitcher Dana Eveland, bottom, falls down while trying to field a ground ball by Toronto Blue Jays' Marco Scutaro, top, in the second inning of a
baseball game in Oakland, Calif., Thursday, May 29, 2008. Scutaro was given an infield single on the play.



Toronto gets victory over Oakland


BASEBALL
OAKLAND, Calif.
Associated Press
ALEX RIOS came up big for
the Blue Jays with his bat and
his glove.
Rios followed a great catch
in the sixth by hitting a tiebreak-
ingRBI double in the ninth that
helped secure the win for Roy
Halladay, and Toronto beat the
Oakland Athletics for the first
time in five tries this season with
a 2-1 victory Wednesday night.
Rios made the catch against
the wall in center field on a
1. hard-hit ball by Mark Ellis.
..."The ball, here, at night, just
, ,hangs .up. there," .he said. "I
thought I had a good chance to
get there. I'm going to go hard
to every ball. It just went down
into my glove. I was pretty close
to the fence not close enough
to worry, but close enough to
think about the wall."
Halladay certainly appreciat-


Rios breaks tie


with RBI double


ed the defensive effort.
"It was a game-changer," he
said. "When you're not hitting
spots like you want, it's nice to
get those kind of plays behind
you."
Halladay (6-5) outshined
Rich Harden in an impressive
pitcher's duel between two of
the American League's top
right-handers, winning his third
straight decision.
After seeing three fastballs,
Rios lined a 1-2 change-up for a
one-out single down the left-
field line off loser Keith Foulke
(0-1) and the A's had their sea-
son-high tying five-game win-
ning streak snapped. Foulke's
last loss came April 21, 2006, at


Toronto.
His catch had plenty of peo-
ple talking afterward, too.
"I didn't think he was going
to catch it," A's manager Bob
Geren said. "I thought it was
going over his head."
Halladay matched his season
high with nine strikeouts, and
he allowed eight hits and one
run and walked one in eight
strong innings. B.J. Ryan
worked the ninth for his 12th
save in as many tries.
Halladay, coming off his AL-
leading fifth complete game of
the year in his previous start,
went 20 innings between walks
- from the second inning May
9 to the second inning Wednes-


day. He has one walk in his last
27 innings.
The A's are the only AL
team against whom Halladay
hasn't pitched a complete game.
"Tonight was kind of a strug-
gle," he said. "It seemed like I
pitched myself into trouble and
had to work my way out of it. It
was one of those games where
I'd get behind guys 2-0, 3-0, and
that's something I try to avoid
- pitching in hitter's counts.
You have to grind through it."
Bobby Crosby got a two-out
double in the third and Jack
Cust then singled him home for
Oakland's lone run. That'tied
the game at 1 after Shannon
Stewart singled in a run in the
top half for Toronto again't'his
former team.
' Cust was 0-for-15 against
Toronto this year before going
3-for-4 Wednesday.
After Stewart's single, Hard-
en retired nine of the next 10
batters he faced before Rios


reached on an error in the sixth
- and Harden retired 12 of his
final 14 hitters.
"It was a tough one today,"
Harden said. "I felt decent but
I really wanted to go a little
deeper. Overall I felt really
strong."
The Blue Jays saved a run in
the sixth when first baseman
Lyle Overbay threw out Cust
at the plate and catcher Rod
Barajas did a good job blocking
the plate.
Harden gave way to Chad
Gaudin after seven innings and
104 pitches with the game tied.
"'He had'won his previds: 'two
starts and pitched well enough
in this one. The hard-throwing
'Harden made' his 'fdurthli start
since coming back from a dis-
abled list stint with a shoulder
injury, allowing five hits and
one run with five strikeouts and
no walks. Harden didn't sur-
render a walk for the first time
this season.


TORONTO Blue Jays starting pitcher Jesse Litsch throws to the
Oakland Athletics in the third inning.


/


OAKLAND Athletics first baseman Daric Barton, left, gets drawn off
the base by a wide throw from pitcher Dana Eveland as Toronto
Blue Jays' Shannon Stewart reaches safely for a infield hit in the
first inning.


TORONTO Blue Jays second baseman Aaron Hill (2) collides with shortstop David Eckstein on a pop fly
by Oakland Athletics' Rob Bowen during the seventh inning of a baseball game in Oakland, Calif.,
Thursday, May 29, 2008. Bowen was safe at first with a single.


1 -


F-


,.--- ---, --~----r ---


PAGE 12, FRIDAY, MAY 30, 2008


TRIBUNE SPORTS


' *.


.11
I




111
:s


,1 j~ P~ll


wr













BOSTON Celtics
forward Paul
Pierce (34)
reacts to a
basket by
Celtics center
Kendrick
i F Perkins, not in
photo, in front
of Detroit
Pistons forward
Tayshaun
Prince (22) in
the second half
during Game 1
of the NBA Eastern
Conference
S basketball finals
INA& .in Boston,
Tuesday, May
..20,2008.The
-.Celtics beat the
f% APistons 88-79.


LLLJIG~ Tuesday, May
_____ Pistons 88-79.


Boston wins


thriller


Independent Auditor's Report
'to the members of Standard Chartered PLC


in Game 5



Revived Allen helps Celtics


to take a 3-2 playoff lead


* BASKETBALL
BOSTON
Associated Press

RAY ALLEN raised his
arms to fire up the Boston
crowd with 4.5 seconds left.
The struggling Celtics sharp-
shooter already had excited the
fans by finding his shooting
touch Wednesday night and
helping Boston move one win
away from its first NBA finals
in 21 years.
"My feeling now is no differ-
ent from if I had scored 10
points and we still won the
game," said Allen, who scored
29 in the 106-102 win over the
Pistons. "It's a great feeling
because (of) the joy on every-
body's face."
The Celtics lead the best-of-
seven Eastern Conference final
3-2 and can wrap it up Friday
night at Detroit. If not, Game 7
will be in Boston on Sunday,
night.
But their joy nearly turned
to misery as they let a 17-point
lead with 1:19 left in the third
quarter drop to 100-99 with 1:23
to go in the game.
Then Boston took a 20-sec-
ond timeout to set up a play for
Allen or Kevin Garnett. Allen
caught the inbounds pass from
James Posey and immediately
took a shot from the left corner.
It went in and the crowd
roared.
"I assumed he threw it
because I was open," Allen
said. "Posey made a play and it,
was time for me to put the shot
up."
Rodney Stuckey hit two free
throws to make it 102-101 with
8.2 seconds left, and Allen fol-
lowed with two more to restore
the 3-point lead with 6.3 sec-
onds remaining.
Then Stuckey was fouled
and, as Allen played cheer-
leader a few feet behind him,


the Pistons rookie missed the
first shot then made the sec-
ond. Garnett, who led all scor-
ers with 33 points, finished with
two free throws with 3.4 sec-
onds to play.
"We knew the significance of
this game," Garnett said. "You
don't win this game, you put
basically yourself in a corner."
Now the Pistons, in their
sixth straight conference final,
must win at home to have a
chance at their second NBA
title in that span.
"Our experience and our
being in this for so long and
being in so many tough situa-
tions, and us being at home
helps," said Chauncey Billups,
who led Detroit with 26 points.
"Those are the kind of things
that you've got to kind of lean
on."

NOTES:

* The Pistons took eight more
free throws than the Celtics, but
Detroit's Rasheed Wallace said,
"A lot of those foul calls, cats
were flopping and falling all over
the floor." He picked up a techni-
cal with 5:18 left, his sixth of the
postseason. The next one earns
him a one-game suspension.

SWallace was 6-of-9 on 3-point-
ers, providing all his 18 points,
after going 3-for-27 in his previ-
ous eight games.

* Every Celtic starter played at
least 38 minutes.

* Patriots coach Bill Belichick and
linebacker Tedy Bruschi were in
the crowd.

* Antonio McDyess had four
points and five rebounds and
fouled out with five minutes left.
He had 21 points and 16
rebounds in Detroit's Game 4
win.


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We have audited the Group (Standard Chartered PLC and its
subsidiaries) and Company (Standard Chartered PLC) financial
statements (together referred to as the 'financial statements') for
the year ended 31 December 2007 which comprise the Group
Income Statement, the Group and Company Balance Sheets,
the Group and Company Cash Flow Statements, the Group and
Company Statements of Recognised Income and Expense, and
the related notes. These financial statements have been prepared
under the accounting policies set out therein. We have also
audited the information in the Directors' Remuneration Report
that is described as having been audited.
This report is made solely to the Company's members, as a
body, in accordance with section 235.of the Companies Act
1985. Our audit work has been undertaken so that we might
state to the Company's members those matters we are required
to state to them In an auditor's report and for no other purpose.
To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the Company and
the Company's members as a body, for our audit work, for
this report, or for the opinions we have formed.
Respective responsibilities of directors and auditor
The directors' responsibilities for preparing the Annual Report,
the Directors' Remuneration Report and the financial statements
in accordance with applicable law and International Financial
Reporting Standards (IFRSs) as adopted by the EU. are set out
in the Statement of Directors' Responsibilities on page 86.
Our responsibility is to audit the financial statements and the
part of the Directors' Remuneration Report to be audited in
accordance with relevant legal and regulatory requirements
and International Standards on Auditing (UK and Ireland).
We report to you our opinion as to whether the financial
statements give a true and fair view and whether the financial
statements and the part of the Directors' Remuneration Report
to be audited have been properly prepared in accordance with
the Companies Act 1985 and, as regards the Group financial
statements, Article 4 of the IAS Regulation. We also report to
you whether in our opinion the information given in the Report
of the Directors is consistent with the financial statements. The
information given in the Report of Directors includes information
presented in the Chairman's statement, the Group Chief
Executive's Review and the Financial and Business Reviews that
are cross referenced from the Report of the Directors. In addition
we report to you if the Company has not kept proper accounting
records, if we have no received all the information and
explanations we require for our audit, or if information specified
by law regarding directors' remuneration'and other transactions
is not disclosed.
We review whether the Corporate Governance Statement reflects
the Company's compliance with the nine provisions of the 2006
FRC Combined Code specified for our review by the Listing Rules
of the Financial Services Authority, and we report if it does not.
We are not required to consider whether the Board's statements
on internal control cover all risks and controls, or form an opinion
on the effectiveness of the Group's corporate governance
procedures or its risk and control procedures.


We read other information contained in the Annual Report
and consider whether it is consistent with the audited financial
statements. We consider the implications for our report if we
become aware of any apparent misstatements or material
inconsistencies with the financial statements. Our responsibilities
do not extend to any other information.
Basis of audit opinion
We conducted our audit in accordance with International
Standards on Auditing (UK and Ireland) issued by the Auditing
Practices Board. An audit includes examination, on a test basis,
of evidence relevant to the amounts and disclosures in the
financial statements and the part of the Directors' Remuneration
Report to be audited. It also includes an assessment of the
significant estimates and judgements made by the directors In
the preparation of the financial statements, and of whether the
accounting policies are appropriate to the Group's and Company's
circumstances, consistently applied and adequately disclosed.
We planned arid performed our audit so as to obtain all the
information and explanations which we considered necessary
in order to provide us with sufficient evidence to give reasonable
assurance that the financial statements and the part of the
Directors' Remuneration Report to be audited are free from
material misstatement, whether caused by fraud or other
Irregularity or error. In forming our opinion we also evaluated the
overall adequacy of the presentation of information in the financial
statements and the part of the Directors' Remuneration Report to
bq audited.
Opinion
In our opinion:
* the Group financial statements give a true and fair view, in
accordance with IFRSs as adopted by the EU, of the state
of the Group's affairs as at 31 December 2007 an'd of its
profit for the year then ended;
* the Company financial statements give a true and fair view,
in.accordance with IFRSs as adopted by the EU as applied in
accordance with the provisions of the Companies Act 1985, of
tbe state of the Company's affairs as at 31 December.2007;
* the financial statements and the part of the Directors'
Remuneration Report to be audited have been.properly
prepared In accordance with the Companies Act 1985 and
as regards the Group financial statements, Article 4 of thie As
Regulation; and
* the information given in the Report of the Directors Is consistent
with the financial statements.

KPMG Audit Pic
London
Chartered Accountants
Registered Auditor
26 February 2008


Consolidated Balance Sheet
As at 31 December 2007


2007 2006'
AssetsNotes Sns onM
Cash and balances at central banks 42 10,175 7.698
Financial assets held at fair value through profit or loss 15 22,958 15,715
Derivative financial instruments 16 26,204 13,154
Loans and advances to banks 17,20 35.365 19,724
Loans and advances to customers 18, 20 154,266 139,300
Investment securities 22 55,274 49,497
Interests in associates 23 269 218
Goodwill and intangible assets 25 6,380 6,247
Property, plant and equipment 26 2,887 2,168
Deferred tax assets 27 559 512
Other assets 28 11,011 8.601
Prepayments and accrued income 3,867 3,268
Total assets 329,205 266,102

Labillitles
Deposits by banks 29 2,880 26,233
Customer accounts 30 179,760 147,382
Financial liabilities held at fair value through profit or loss 31 14,250. 9.969
Derivatve financial instruments 16 26,270 13,703
Debt securities in issue 32 27,137 23,514
Current tax liabilities 185 68
Other abilities 34 14,742 11.331
Accruals and deferred income 3,429 3,210
Provisions for abilities and charges 35 38 45
Retirement benefit obligations 36 322 553
Subordinated liabilities and other borrowed funds 37 15,740 12,699
Total 'ilbli.1 307,753 248,707

Equity
Share capital 38 705 692
Reserves 39 20,146 16,161
Total parent company shareholders' equity 20,851 16.853
Minority interests 40 601 542
Total equity 21,452 17,395
Total equity and liabilities 329,205 266,102
SAmounts have been restated as explained in note 51 on page 154.
These accounts were approved by the Board of Directors on 26 February 2008 and signed on its behalf by:


EM Davies
Chairman


PA Sands
Group Chief Executive


R H Meddings
Group Finance Director


Interested persons may obtain a complete copy of the Audited Accounts
from SG Hambros Bank & Trust (Bahamas) Limited, P.O. Box N-7788, West
Bay Street, Nassau Bahamas.


BOSTON Celtics guard Ray Allen, right, stumbles as he is held by
Detroit Pistons center Rasheed Wallace (36) as Allen moves to the
hoop in the second half of Game 5.


TRIBUNE SPORTS


FRIDAY, MAY 30, 2008, PAGE 13








PAGE 14, FRIDAY, MAY 30, 2008


THE TRIBUNE


MAY 30, 2008


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Stabbing spar


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school war fears


FROM page one
The Tribune that an "all out
brawl" had started after eight
male students from Doris John-
son tried to rob one of three
RM Bailey students who stood
in the parking lot of the Shell
gas station on Prince Charles
Highway directly across from
Doris Johnson high school.
According to the eye-witness,
one male student from Doris
Johnson took a Blackberry cell-
phone from one of the RM Bai-
ley students.
When the student attempted
to get his cellphone back, a fight
broke out.
It is reported that it was at
this point that the first student
from RM Bailey was stabbed


three times in his back. A sec-
ond student from RM Bailey,
who had come to his classmate's
aide, was also stabbed in his
side.
It was at this point that addi-
tional students from Doris
Johnson joined in the brawl and
began to "kick and stomp" the
two students from RM Bailey,
as they lay gripping their
wounds, the eye-witness said.
Reportedly, as this gruesome
scene unfolded, a crowd of
female students from Doris
Johnson had gathered and were
said to be "cheering" their class-
mates on.
"The girls were standing
nearby, right there," the eye-
witness said, pointing at the
scene where a bloodied red and


white RM Bailey shirt lay.
"They were right there,
cheering as they were stomping
them," he said.
Reportedly two riot vans and
three squad cars from the Eliz-
abeth Estates Police station
arrived on the scene.
It is claimed that these offi-
cers had to quickly stop a Jitney,
and a truck filled with RM Bai-
ley students who were nearing
the scene.
The vehicles, a source stated,
had to be pulled over into the
Carey's shopping plaza until
officers had gained control of
the area.
A male student, who is said to
be between 15 and 16 years of
age, is being actively sought by
the police.


McKenzie guilty of murder


FROM page one
Cheryl Grant-Bethel told the jury that Dean, 27,
had been the victim of a senseless killing. She
told the jurors that Mckenzie, also known as
"Danger Mouse" had the clear intention to harm
Dean as he had chased him down and shot him
multiple times. Mrs Grant-Bethel noted that the
incident was a brazen attack which took place
amidst numerous bystanders who had come out to
the One Family junkanoo practice at the parking
lot of the old City Market food store on Market
Street that night.
According to trial evidence, Dean and some
friends had visited the Valley Boys and Saxons
junkanoo practice on the night of December 13
before arriving at the One Family junkanoo prac-
tice. Mrs Grant-Bethel told the jury that there had
been no direct provocation for the killing. Mrs
Grant-Bethel noted that in his unsworn state-


Caution

urged on

gas-saving

device


FROM page one

uncontrolled combustion of
accidentally released hydro-
gen," it says.
"The low viscosity and small
molecular size of hydrogen give
it a greater propensity to leak
than other common gaseous
fuels."
Hydrogen, it said, will leak
about 2.8 times faster than nat-
ural gas and 5.1 times faster
than propane on a volumetric
basis.
"Hydrogen has a much wider
range of flammability in air (4
per cent to 75 per cent by vol-
ume) than methane (5 per cent
to 17 per cent by volume)
propane or gasoline, and the
minimum ignition energy is
about an order of magnitude
lower."
He said: "Hydrogen is not
something to play with.
"It gave us the Hindenburg
disaster and Apollo 13 (fuel
cell) disaster."
The Schatz centre offers sev-
eral safety practices, adding:
"These types of safety measures
are best implemented through
sound engineering design and
proper operation and mainte-
nance practices."
Acknowledging these warn-
ings, Mr. Tyrone Miller who
taught science for 40 years said
last night that he and his broth-
er know that some chemical ele-
ments alone can be very dan-
gerous.
"Hydrogen alone can blow
up the whole of Japan!" he .
exclaimed, "But we're not using
hydrogen alone. The 'Water
Converter' is taking hydrogen
and oxygen from our solvent
called 'Formula 4X', and mak-
ing a safe unit."
Once these elements are
combined, Mr. Miller told The
Tribune, the unit goes into the
car's gas and will result in the
car using less gas.
"As shown on our business
licence, this is not dangerous, it
is not explosive."


ment, McKenzie claimed that Samuel "Mooshae"
McKenzie, a relative of his who was gunned down
last year, had killed Dean. Mrs Grant-Bethel
told the jury that this, however, was a recent fab-
rication by McKenzie.
Mckenzie's attorney Richard Bootle told the
jurors that the Crown's case was laden with incon-
sistent testimony of witnesses and insufficient
evidence.
He questioned the integrity of the prosecu-
tion's witnesses, telling the jury that the testimo-
ny of one key prosecution witness in particular
was too incredible to believe.
Mr Bootle also pointed out that there was no
physical evidence that connected his client to the
murder as the 9 mm pistol said to be the murder
weapon had never been brought to court and
submitted into evidence.
Mr Bootle also told the jurors that police had
beaten McKenzie to obtain a confession state-
ment from him.


+


FRIDAY, MAY 30, 2008, PAGE 15


THE TRIBUNE















Call for alleged abuse probe


FROM page one
in Millar's Creek, New Providence, on April 19,
unidentified and wearing masks.
The 300 Bahamian and Haitian patrons feared
for their lives as officials handcuffed people,
forced them to the ground, trampled on them
and struck them with their guns, Mr McKenzie
claimed.
He later learned the raid was a joint operation
by the Royal Bahamas Police Force, the Depart-
ment of Immigration and Drug Enforcement
Unit, searching for illegal weapons and drugs at
the premises.
A number of Haitian employees at the cafe
who have work permits were taken into a deten-
tion centre, and an envelope containing money
collected by the doorman was allegedly taken by
officers. The violent treatment by officials sent
shockwaves around the world when Amnesty
International took notice of a story published in
The Tribune.
Minister of National Security Tommy Turn-
quest and Acting Police Commissioner Reginald
Ferguson have received over 1,000 letters calling.
for an independent investigation into the alleged
abuse. Although Mr Ferguson confirmed the
Police Complaints and Corruption Unit is inves-
tigating the allegations, he said the uproar stirred
by "some nonsense that someone told them",
was out of proportion in relation to the incident.


He said: "We had a police operation as we
always do, and no one is going to influence us
against doing what we do as police officers.
"They painted a picture through the media to
influence people who don't have a clue about
what is happening."
Mr McKenzie was arrested in the raid and has
pleaded not guilty to charges of supplying dan-
gerous drugs. His case has been adjourned to
November 27. Mr Turnquest said he will wait to
see the results of the court case and the current
investigation before considering the need for an
independent body to look into the matter.
He said: "There has obviously been a letter
writing campaign initiated and we want to make
sure the police acted properly and there will be an
investigation into that.
"However, we are a country of laws and we
have a judicial process, so we have to go through
that process as well."
President of the Bahamas Human Rights Net-
work Elsworth Johnson said the people abused in
the raid should sue Government as their consti-
tutional rights were breached.
He said: "I don't think an investigation will
ever be started, even though it is mandatory in the
constitution. The only thing that would force the
Government's hand would be if the people go
to the Judicial Review. These people are saying
their constitutional rights were breached so they
can go to the Supreme Court and have them
enforced."


FROM page one
"These were not announced
(on Wednesday) by the prime
minister but it appears that
there will be ministerial
changes."
From the heads or sections
of the budget observed Mr
Christie, the ministry of educa-
tion will stand alone, while a
ministry of youth, sports and
culture will be created.
Currently, education, youth,
sports and culture are all in one
ministry under the leadership
of Carl Bethel. Byran Wood-
side is the minister of state for
sports and Charles Maynard is
the state minister for culture.
The ministry of education's
2008/9 budget only makes pro-
vision for one substantive min-
istry and no ministers of state.
However, the ministry of youth,
sports and culture has provision
for one minister and a minister
of state. This may mean that
either Mr Woodside or Mr
Maynard may be set to receive
a.promotion, one over the oth-
er.
Mr Christie also remarked
that there appears to be changes
in place for the portfolios cur-
rently held by Loretta Butler-


Partial Cabinet shuffle on cards


Turner and Dion Foulkes. She
currently is the state minister
for social development and he is
the minister of labour and mar-
itime affairs.
"Similarly, there is need for
an explanation with regard to
head 70 now describing a min-
istry of labour, social and com-
munity development," he said.
"It appear that the social ser-
vices department is to be split
from the ministry of health.
They need to clarify what is
happening with the department
of social services."
The new ministry of labour,
social and community develop-
ment does not have provision
for a minister of state, indicating
that Mrs Butler-Turner is likely
to soon be removed from this
portfolio. The ministry of
health, however, has place for a
state minister. Mrs Butler-Turn-
er then appears poised to move
from her current post, but it is
unclear whether she is going to
remain Hubert Minnis' junior
minister, or whether she will be
sent elsewhere.
When asked yesterday about
a possible move from her cur-
rent post, Mrs Butler-Turner


said she doesn't know what
changes may occur.
"I'll be speaking on social
development," she said refer-
ring to her upcoming budget
presentation next week on this
portfolio. "I do not know what
the prime minister has planned,
except, I've observed the very
same things that you have."
The Tribune was unable to
reach Minister of Education
Carl Bethel, Health Minister
Hubert Minnis and Labour
Minister Dion Foulkes yester-
day. Mr Foulkes was reported
to be off the island.
An FNM insider has
informed The Tribune that a
cabinet shuffle will soon occur.
He said, however, that the
prime minister is the only per-
son who knows exactly who will
go where. The only new post
forecast by the prime minister in
Wednesday's budget was the
creation of an environment
minister. No money was allo-
cated to this new post in the
recurrent budget, however.
"The prime minister must
explain this apparent ministeri-
al 'musical chairs'," said Mr
Christie yesterday.


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PAGE 16, FRIDAY, MAY 30, 2008


THE TRIBUNE









TRIBUNE





FRIDAY, MAY 30, 2008


buines-tibu-r-i'.ne


-----------N^


FAMILY GUARDIAN
INSURANCE COMPANY LIMITED


Developer pays
$7.5m for 50%
stake in Harbour
Island property
The developers of the Royal
Island mixed-use resort project
last night announced they had
acquired a 50 per cent stake in a
Harbour Islhnd resort for $7.5
million, planning to use it as a
"beach head" to their main pro-
ject.
Royal Island Partners, LP, an
affiliate of Royal Island devel-
opers, Dallas-based The
Staubach Company and its
development arm, Cypress
Equities, said it had purchased a
50 per cent interest in Rock
House, a nine-room hotel on
Harbour Island targeted at
celebrities.
The company purchased half
the hotel's equity from its co-
owners and co-developers, J.
Wallace Tutt III and Don Pur-
dy, for $7:5 million. Messrs Tutt
and Purdy, who own the other
50 per cent, will continue to
manage the hotel.
"Rock House has a 65-year-
old heritage for hospitality with
a clientele that wants a small,
stylish, discreet hideout for
SEE Page 6B


'Major underestimate'


on


$129m Stamp collection

Customs and Stamp Duty amalgamation to cause Bahamians and resi-
dents to pay more taxes on baggage imports
Over $51m increase for Stamp Duty on property deals worth over
$250,000 not as great as seems, as $129m collected in first 10 months
of 2007-2008 compared to Budget estimates of $98m
Bank and trust company licence fees more than double to over $25m,
while gaming taxes almost halve to $15.5m


* By NEIL HARTNELL
Tribune Business Editor
The Government "severely underesti-
mated" revenue it would earn from Stamp
Duty on property transactions worth more
than $250,000 in fiscal 2007-2008, a min-
ister telling The Tribune yesterday that it
had already collected $129 million to
March/April 2008, compared to the $98
million full-year estimate. ,


Zhivargo Laing, minister of state for
finance, said 2008-2009 Budget's project-
ed increase in this Stamp Duty category,
standing at $51.813 million or a 52.8 per
cent rise to $150 million, compared to
$98.187 million in the current fiscal year,
was not as extravagant as it seemed.
This was due to the major underesti-
mate in the 2007-2008 Budget's forecast-
ing, given that the Government had col-
lected over $31 million more than year-


end projections for this line item some
nine to 10 months into its fiscal year.
"The number in the current fiscal Bud-
get was a severe underestimate," Mr
Laing told The Tribune yesterday. "Up to
March/April, we had already collected
about $129 million in this category."
Therefore, he explained that the $150
million estimate for Stamp Duty revenues
SEE page 4B


$4m FINCO loan

nrorviciron hintf at


Hybrid vehicle duty


pJ V 1 onIcen 1111 dc / s0

mortgage concern reduction meaningless'


Lender sees net income drop by
over one-third in 2008 first half


* By NEIL HARTNELL
Tribune Business Editor
Bahamian auto dealers and.
consumers cannot currently
benefit from the Governmen-
t's decision to reduce import
duties on hybrid vehicles
because they cannot be
imported to this nation, one
senior industry executive yes-
terday describing the 2008-
2009 fiscal plan as "a good PR
Budget" that will make mini-
mal impact on reducing con-
sumer prices.
Rick Lowe, operations man-
ager at Nassau Motor Compa-
ny, explained to The Tribune

for a better life


* Dealers unable to import product currently, with
duty reduction unlikely to make major dent in con-
sumer prices
* Executive describes fiscal plan as 'good PR Budget',
with duty reduction on food paling into insignifi-
cance alongside 30% increases


that currently the main manu-
facturers were not allowing
Bahamian dealers to bring
hybrid vehicles and their
promise of reduced gasoline
costs into the Bahamian mar-
ket.


Commenting on the Gov-
ernment's Budget plans to
reduce import duties on hybrid
cars from between 45-65 per
cent to 25 per cent, Mr Lowe
said: "Certainly, it's gopd if
hybrid cars are exported to the


Bahamas, but no one is
allowed to bring them in at this
stage.
"Toyota and Honda are
thinking about it, but no one
SEE page 5B


" FG CAPITAL MARKETS
BROKERAGE &ADVISORY SERVICES


:i-' )
'~~cc.-'


.- :. -* 't .
invesotment mnagement- i
M- get sound investme)ltade
il have-a lucrativeportfolio. |
investment m naementMI make good iripestments'.,- .,
Val1I of thteabV, k :

SCO G-R;'- :..:' ; '"., I.. --- '




CORPORATE CENTRE: CORNER OF VILLAGE & SHIRLEY STREETS I www/fainiuardbahanlas.comr









PFR M 32T R


Contractors chief: 90% of Out Island


building contracts must go to locals

Government could be biggest property developer in 2008-2009
Budget year with all the complexes and renovations planned


NOTICE
NOTICE is hereby given that NICOLE LOUISSAINT
of LAZARETTO, CARMICHEAL ROAD, P.O. BOX
CR-56596, 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 30th day of May 2008 to
the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.


* By CARA BRENNEN-
BETHEL
Tribune Business Reporter
The Bahamas Contractors
Association's (BCA) presi-
dent yesterday applauded the
Government for the extensive
capital spending allocations in
the 2008-2009 Budget that
were dedicated to the con-
struction of government build-
ings, hoping these projects and
others, along with reductions
in duties levied on building
material imports, will help
reinvigorate the industry.
Stephen Wrinkle said that
based on the extensive list of
government construction pro-
jects outlined by Prime Minis-
ter Hubert Ingraham in the
Budget communication, the
Government is likely to be the
largest developer in the.
Bahamas this year.
Mr Wrinkle said that over
the past 25 years, and through-
out successive administrations,
many of the Government's
buildings had deteriorated to
the point of requiring dracon-
ian repair measures.:
"I applaud the Government
for allocating the funds to do
this work now," he said,
adding that waiting to address
these matters would have cost
the Government twice as
much in future years, given
the rate of inflation.
In his Budget address, the
Prime Minister announced
that the Government had
increased capital spending by
11 per cent to $250 million.
These funds will go towards
extensive improvements to the
Marsh Harbour International
Airport; two 60,0000 office
complexes to be built on Nas-
sau and Grand Bahama,
another in Marsh Harbour;
work on the Magistrate's
Court Building on Nassau
Street; and the refurbishment


"I applaud the
Government for
allocating the
funds to do this
work now."


Stephen Wrinkle
ceiling to these properties, as
the pool of beneficiaries will
grow by at least 50 per cent.
Mr Wrinkle pointed out
that since home construction
contributed to so many sec-
tors 'of the economy, the
effects of this decision will be
far-reaching.
Mr Wrinkle said he firmly
believed that construction
work in the Family Islands
should be given to contractors


who lived on the relevant
island first, except in cases
where they might not be able
to handle the scope of works
themselves.
"Ninety per cent of the
work done on Family Islands
should be done by local con-
tractors," he maintained.
Mr Wrinkle said the deci-
sion to provide incentives for
the redevelopment of the City
of Nassau will likely spur the
construction industry further,
would concessioiis on con-
struction materials such as ply-
wood, oriented strand board,
insulation, wooden hurricane
shutters, aluminum doors,
wooden windows and cement
boards.
However, he pointed out
that given spiralling fuel costs,
these measures may only off-
set the costs to the consumer
by cushioning price increases
from external factors.


BAHAMAS FIRST
HOLDINGS LIMITED



Bahamas First Holdings Limited hereby notifies all

its shareholders that an Annual General Meeting

of the Shareholders will be held on Thursday 12th

June, 2008 at 5:00 pm at Bahamas First Centre, 32

Collins.Avenue, Nassau, The Bahamas.


6 2 /on neow
annuities

0/ during the
20 / month of May!




242-461-1000 1 www.babfinancial.com 1British
Freeport 242-352-7209 Exuma 242-336-3035 Abace 242-367-6501 Am erican
F I N A N C I A L



Financial Solutions for Life!

MORTGAGES MUTUAL FUNDS LIFE INSURANCE HEALTH INSURANCE
ANNUITIES & PENSION PLANS FINANCIAL PLANNING & INVESTMENTS
4 __ __________i________________________


project for the former City
Markets complex on Market
Street. That complex is to
accommodate the offices of
the Registrar General and
Business License Unit and
Valuation Units.
Work will also be initiated
for the construction of a new
Judicial Complex to accom-
modate the Supreme Court
and the Court of Appeal,
along with major dredging
works in Nassau Harbour.
Mr Wrinkle expressed hope
that now the Budget has been
completed, the long-awaited
Contractors Bill can be passed
to help construction industry
transparency, particularly as
it relates to the bidding
process for the many govern-
ment contracts expected to go
tender once the Budget is
passed next month.
The BCA president said the
Association was pleased the
Government had decided to
reinstate the Stamp Tax
exemption for first-time
homeowners of properties val-
ued at $500,000 or less, and
extend its real'property'tax'


ARAWAK




LAND SURVEYOR

QUALIFICATIONS
College Degree or equivalent ?Minimum 5 years experience as a licensed Surveyor
Proficient in reading and understanding survey plans
Proficient with Microsoft Word and Excel
Good communication and organizational skill

BASIC JOB DESCRIPTION
The Land Surveyor's responsibility will be to execute all phases in basic surveying,
designing and laying out of subdivisions, levelling of roads from engineering plans,
supervision and training of chainmen and have projects completed within estimated
time.
Typical work activities include:
Surveying of lots for building contractors
Preparation of survey plans
Recording of survey plans

Qualities:
* Self motivated
* Must be a team player
* Creative
* Patient
* A good Listener
* A people person
* A thorough understanding of the issues involved in subdivisions surveying
* A practical, logistical mind.
* Numeracy
* Ability to develop good relationships with other professionals
* Excellent organizational skills.

Compensation
* Commensurate with qualifications and experience

Assurance of Confidentiality
* Assurance is given that every applicant will be treated in the strictest of confidence

Deliver to:
Sunshine House
Shirley Street at Highland Terrace
Email: position@arawakhomes.com
Telephone:394-0011 Fax:394-0019


PAGE 2B, FRIDAY, MAY 30, 2008


THE TRIBUNE





THE TRIBUNE rn-iluY, IVIAT u, uuo, rMc- ou


Price Control pledges




'not to retard' business


* By CARA BRENNEN-BETHEL
Tribune Businesss Reporter
A senior official at the Ministry of Lands
and Local Government yesterday said the
Price Control Department will do all it can
not to "retard the business" of wholesalers
and retailers when they applying for increas-
es on price controlled items.
Sidney Mckenzie, chief price inspector
at the Ministry, told Tribune Business that
his ministry and the Attorney General's
office were looking at measures to ensure
that the approval process for increases in
priced-controlled items was done as quick-
ly as possible.
Most price-controlled items in the
Bahamas have their margins set at around
13 per cent for wholesalers, and 23 per cent
for retailers. With the margins fixed, when-
ever import costs facing these Bahamian
companies rise, they are forced to apply to
the Price Control Department for an
increase in the prices they can charge.
Mr Mckenzie explained there was no way
to avoid the process, which entails his office


examining the wholesaler/retailer's request,
and then sending it to the Attorney Gen-
eral's Office for vetting, before the appli-
cation is sent back and approved.
However, he said the two government
ministries were looking at ways that this
process can be done more quickly.
"The process could retard the free flow of
sales, but we are making concerted efforts
so that there can be a quick turnover
between us, the AGs office and the mer-
chant," Mr Mckenzie said.
He added, however, that this process was
necessary and should not be a reason for
Bahamian retailers and wholesalers to hold
an import shipment up.
Earlier, this week, Robert Pritchard, of
wholesaler Asa H Pritchard, which distrib-
utes the Mahatma rice brand in the
Bahamas, confirmed to this newspaper that
the firm had "to hold back" on a rice ship-
ment because it would have made a loss
on it without having prior price control
approval.
"We had to hold back from ordering
rice," Mr Pritchard told The Tribune. "It


Realtors: Budget


* By Diane Phillips


Several Bahamian real
estate brokers yesterday
applauded the Government's
proposal to eliminate real
property tax on owner-occu-
pied properties valued at up
to $500,000 for first-time buy-
ers, while flexing high-end
property taxation by lifting the
$35,000-per-year fixed ceiling
on this tax.
The Government also
moved to extend stamp tax
exemption to first-time home-
buyers purchasing or building
a home for a primary resi-
dence valued at $500,000 or
less.
"This is a great thing and a
great day for Bahamians," said
Judy Hurlock, founder and
president of Dillycrab Realty,
a firm with two offices and
some 18 staff in Exuma.
"That's great news," added
Island Living Real Estate's


Rachel Pinder.
And Ken Chaplin, of, ERA
Dupuch Realty, echoed the
sentiment, saying "It couldn't
have come at a better time
with the market as uncertain
as it is. As soon as the Prime
Minister made his speech, the
phone started ringing off the
hook. The whole industry is
talking about it."
"We cannot rely on other
people creating stimulus in our
economy; we have to put
things like this package in
place to create an impetus that
encourages people to go ahead
and invest," said Chris Lowe
and David Lunn, a Bahamas
Realty duo who work as the
Salt & Pepper Team, special-
ising in first-time buyers and
the affordable market.
"The person or couple who
buys a home stimulates the
economy in so many ways.
They get a mortgage, insur-
ance, they buy furniture, appli-


had to sit in a warehouse until they [the
Price Control Department] approved it,
because you never know how long it's going
to take.
"We've had to limit it to so many bales
per customer with rice, and increasingly it's
all sold out now."
Dionisio D'Aguilar, the Bahamas Cham-
ber of Commerce president had recently
warned that Price Control Department's
failure to respond in a timely manner to
increase requests for price-controlled items
could cause food shortages and supply chain
interruptions in the Bahamas.
In his budget communication on Wednes-
day, Prime Minister Hubert Ingraham out-
lined that there would be some 160 foods
which would now be exempted from stamp
duty taxes, as a part of the government's
effort to lower the financial burden of
Bahamians.
Mr Mckenzie said they would be moni-
toring the prices of those items for internal
purposes.


can sparl

ances, they may'hire a gar-.
dener or housekeeper, they
need a BTC hook-up, BEC.
So their initial purchase his so
many offshoots that generate
customs duties, jobs and other
economic benefits."
The positive remarks came
in response to the proposed
Budget amendments, which
will provide a tax incentive at
the affordable end of the hous-
ing market and increase the
cap on which taxes are paid at
the high end. That cap now
stands at $3.8 million.
According to the proposal
announced by Prime Minister
Hubert Ingraham, while the
real property tax ceiling now
based on 1 per cent of the real
property value would be lifted,
properties valued at more than
$5 million would be assessed at
.75 per cent.
But it was the exemption
" from real property tax and the
extension of stamp tax exemp-


k sector

tion that most real estate bro-
kers thought would make the
difference, some saying it
would kickstart the somewhat
stagnant market.
"I can think of one client
right now who could not afford
a certain condo she was look-
ing at yesterday, and with this
announcement, she can," said
Mrs Pinder. "It was that close
and this will make the differ-
ence. The average Bahamian
will now be better able to
afford a home."
According to Mrs Hurlock,
the legislation will impact the
lower-end market and could
be just the trigger to move
someone from renting to own-
ing.
"The obvious result is that it
benefits lower income fami-
lies, and could make the dif-
ference between continuing to
rent and deciding to buy right
See page 6B


NOTICE
NOTICE is hereby given that WINIS LOUIDOR of
MARSH HARBOUR, ABACO, BAHAMAS, is applying to
the Minister responsible for Nationality and Citizenship,
for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason
why registration/ naturalization should not be granted,
should send a written and signed statement of the facts
within twenty-eight days from the 30th day of May 2008
to the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.


PUBLIC NOTICE
INTENTTO CHANGE NAME BY DEED POLL


The Public is hereby advised that I, CROFTON WHITFIELD
BEEN of #207 HUDSON ESTATE, Grand, Bahama,
Bahamas intend to change my name to CROFTON
WHITFIELD BAIN. If there are any objections to this change
of name by Deed Poll, you may write such objections to
the Chief Passport Officer, P.O.Box F-43536, Grand
Bahama, no later than thirty (30) days after the date
of publication of this notice.







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'1

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:.i?







d 4
1
,*"1







ii




o~l
i









i i

H-1
*W ,1
<

Colinalmperial.





NOTICE

To our valued customers
Please note that ALL offices of Colinalmperial
in New Providence, Freeport, Abaco and Exuma will be
CLOSED on Friday 30 May 2008
for the company's Annual Fun Day.
Regular Saturday openings at the
21 Collins Avenue Pay Station will resume
Saturday 31 May 2008
8:30am 2:30pm.
Weekday business hours resume at all branches on
Monday 2 June 2008.



S. '


CREDIT SUISSE


Credit Suisse Group, Bahamas
Graduate Training Program

Credit Suisse Group, Bahamas has operated an Apprenticeship Training
Programme in The Bahamas since the early 1990's. Credit Suisse Group, Bahamas
is now pleased to announce the launch of its Graduate Training Programme, with
the first intake intended for July 11, 2008. Full details and an application form can
be obtained from:

The Graduate Training Program Administrator
Credit Suisse, Nassau Branch
The Bahamas Financial Centre, 4th Floor
Shirley & Charlotte Streets
P.O. Box N-4928
Nassau, Bahamas

Fax No.: 242-356-8148

Application forms should be returned NO LATER THAN JUNE 9, 2008

AIM
Credit Suisse Group, Bahamas is committed to identifying and developing the
best young talent in The Bahamas. Credit Suisse Group, Bahamas is offering
one (1) year Graduate Training Contracts to College of The Bahamas graduates
or graduates returning to The Bahamas from accredited colleges abroad.

The program will accommodate three (3) graduates. Successful applicants will be
awarded a one year contract of employment during which, time the graduates will
rotate between or within different business units or departments of Credit Suisse
Group entities. Permanent employment opportunities will be evaluated at the end
of this period.

CONDITIONS

1. The candidate is required to have a Bachelors Degree in one of the
following or suitably similar disciplines:
* Banking and Finance
* Engineering
* Mathematics
* Finance
* Economics
* Economics & Finance
* Management
* Accounting
* Computer Information Systems
2. The candidate must have graduated with a minimum grade point average of
3.5.
3. The candidate cannot be an immediate family member of a person employed
at the Bank.

BENEFITS
Competitive Salary; Health and Life Insurance


0


BUSINESSl


,
E~z~


- t or










PAGE B, FRDAY, AY 30 2008THEITIBUN


'Major underestimate' on $129m


FROM page 1B
gained from property transac-
tions worth more than
$250,000 was just bringing the
category "into line with what
has happened so far this year".
He added: "It is not to
reflect any projected increase,
just to bring it to the level of
what it should have been in
the first place. The $98 mil-
lion was really an underesti-
mate, and it was inadequate
in terms of forecasting. There
ought to have been a higher
level."
The more than $51 million
increase in Stamp Duty
payable on the high-value
property deals is, on the face
of it at least, the single largest
revenue line item increase in
the 2008-2009 Budget.


Other revenue items seeing
a major increase, as foreshad-
owed by the Prime Minister
in his Budget address, were
bank and trust company
licence fees. These have more
than doubled, rising by 113
per cent to $25.6 million com-
pared to 2007-2008 estimates
of $12 million.
The Government thus
appears to have taken on
board the suggestions submit-
ted by Chamber of Commerce
president Dionisio D'Aguilar
in a Tribune Business article
written a week ago today, in
which he suggested raising
bank and trust company
licence fees.
The move, though, is unlike-
ly to please Bahamas-based
banks and trust companies.
Meanwhile, Mr Laing con-
firmed that one consequence


Legal Notice
NOTICE


FORTUNE VALLEY INC.



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




.ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE


AUREX SLOPES INC.


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




ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE


PEMANCHA HEIGHTS INC.

_- ^_
Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of PEMANCHA HEIGHTS INC. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the
Register.



ARGOSA CORP. INC.
(Liquidator)


Legal Notice
NOTICE
CENTRAL PRIME
PARTNERS INC.


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



ARGOSA CORP. INC.
(Liquidator)


"The $98 million was really an
underestimate, and it was inadequate
in terms of forecasting. There ought
to have been a higher level."

Zhivargo Laing


of the decision to amalgamate
customs and Stamp duties on
imports into one single rate
would be an increase in taxes
paid on baggage items by
Bahamians and residents
returning to this nation.
Previously, only customs
duties were paid on imports
brought into this nation in res-
idents' luggage/baggage when
they arrived at Bahamian air--
ports and sea ports. The first
$300 worth of goods was


exempt. However, both cus-
toms and stamp duties were
paid by companies on bulk
freight shipments.
Amalgamating the two into
one, or switching imports into
an Excise Tax regime, from
July 1, 2008, onwards. means
that taxes paid on baggage
items by Bahamas residents
will increase, as they are
aligned with the freight
regime.
This is unlikely to please


A A4


,. . .. -
!" L ,'1," ..... -" ,| . '.
^ ,'- "^ .. .... .* .

S, 3 doors east of. i I c &
Phonl e 3 94 8 Fowler traffic i i
em, ai|: bahamaart0a@hotmaS.cnm ;





GRAHAM, THOMPSON & CO.

COUNSEL & ATTORNEYS-AT-LAW "NOTARIES PUBLIC




WILL BE CLOSED


FRIDAY, MAY 30, 2008


For Our


ANNUAL FUN DAY


Nassau Chambers
Sassoon House
Shirley Street & Vctoria Avenue
P.O. Box N-272 '
Nassau, New Providence,
The Bahamas
Tel: (242) 322-4130
Fax: (242) 328-1069


Freeport Chambers
The First Commercial Centre
3rd Floor, Suite 9
P.O. Box F-42451
Freeport, Grand Bahama,
The Bahamas
Tel: (242) 351-7474
Fax: (242) 351-7752


Stamp collection
consumers, but Mr Laing said: property are projected to
"I think there now is provi- drop by 45.6 per cent, falling
sion for that to happen. There from 2007-2008 estimates of
was really a discrepancy in the $28.5 million to $15.5 million.
policy that applied, and This is a fall of $13 million.
because of the amalgamation Mr Laing yesterday said the
there is a single regime cov- gaming tax projections had
ering all ports of entry." been dictated by the overall
On the revenue side, the state of the Bahamian and
Government's Budget large- global economies.
ly consists of moving funds He added: "The judgment
from one line item into anoth- is that we-will not get as much
er, with the new Excise Tax revenue as we ought to get.
projected to generate $234 It's always better to be con-
million in the 2008-2009 fiscal servative than overly opti-
year absorbing the $131.302 mistic."
million drop from the elimi- "The casino in Freeport is
nation of Stamp Duty on not one we expect to gain a
imports. great deal of revenue from, as
The $77.444 million decline there are circumstances per-
in import duties is largely from training to that casino as well."
items such as vehicles and fuel Mr Laing added that the
being moved under this Excise Stamp Duty exemptions
Tax. announced for homeowners
However, gaming taxes, purchasing lots, new houses,
which are levied at a basic rate existing houses or properties
plus a percentage of the win- for renovations to serve as
nings on the Bahamas' four their primary residences,
casinos at Atlantis, the Crys- would apply to first-time buy-
tal Palace, Emerald Bay and ers whose properties were val-
Isle of Capri's Our Lucaya ued at less than $500,000.


WANTED
Applications for the position of




Experience in managing people
Must have excellent organizational skills,
excellent customer service and sales skills
Please mail
Resume and photograph to:
Assistant Manager Position,
P.O. Box N-523,
Nassau, Bahamas


Legal Notice
NOTICE


BERGERONETTE LIMITED


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



ARGOSA CORP. INC.
(Liquidator)



FINAL NOTICE
IN THE MATTER OF
ALSTOM POWER ESPANA
BAHAMAS LIMITED

(In Voluntary Liquidation)
AND
IN THE MATTER OF THE COMPANIES ACT 1992


FINAL NOTICE is hereby given that in accordance with
The Companies Act 1992, ALSTOM POWER ESPANA
BAHAMAS LIMITED was dissolved on 15th February,
2006.


ARGUS ADVISORS
First Commercial Centre
Second Floor, Suite #1
Freeport, Bahamas
Liquidator



CUSTOMER RELATIONS OFFICER

A leading P.I. resort is seeking a qualified
Customer Relations Officer. The ideal candidate would


Legal Notice
NOTICE


LIBERTY CRUSADE LTD.
-

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




ARGOSA CORP. INC.
(Liquidator)
.9.


possess a four years business degree, have five years
experience and the ability to fluently speak a second
language (preferably French). Candidate must have
computer skills and be able to travel extensively to
other corporate facilities. Serious inquiries only.

Interested persons should submit by May 31st, 2008 a
detailed resume and reference letter to:
pellis@clublandor.com or mail to:
Club Land'Or
Paradise Island
P.O. Box 6429 SS
Nassau, Bahamas


PAGE 4B, FRIDAY, MAY 30, 2008


THE TRIBUNE









T T NR MY 28 G


Hybrid vehicle duty


reduction 'meaningless'


FROM page 1B
has confirmed taking a deci-
sion yet."
Mr Lowe explained that the
electrical batteries used by
hybrid vehicles, which switch
to an electrical engine from a
regular one when the vehicle
hits a certain speed, particu-
larly on freeways, "are com-
pletely different" to what the
Bahamas-based auto dealers
are used to dealing with.
In addition, Mr Lowe added
that Honda wanted to ensure
the Bahamian emergency ser-
vices were trained to deal with
accidents involving hybrid
vehicles.
He pointed out that hybrid
vehicles had electrical cables
running throughout their inte-
rior, and Honda feared that
rescue crews could electrocute
themselves if, when using the
'Jaws of Life', they cut
through one of these.
Then there is the price of
hybrid vehicles, Mr Lowe say-
ing that the duty reduction
announced by the Govern-
ment was likely to make little
difference to consumers in
terms of price.


On a Honda Civic, for
example, which normally costs
$27,000, imposing a 25 per
cent customs duty rate and 7
per cent Stamp Duty (32 per
cent) when the two are amal-
gamated, would give a price
of $35,640.
This compared to a top rate,
under the previous 65 per cent
plus 7 per cent Stamp Duty,
of $46,440.
While this translated into
savings of almost $11,000, Mr
Lowe said a hybrid was "still
very highly priced".
He added: "There's people
that have asked for them, but
when I tell them the cost, they
say 'Never mind'."
On the Government's deci-
sion to place vehicles, which
are one of its main revenue
sources, under the Excise Tax
regime that is set to take effect
from July 1, 2008, Mr Lowe
said it would not have any
impact in terms of reduced tax
rates.
Combining import and
Stamp Duty into one, he
added, would reduce two line
items into one for auto dealers
and their customs brokers
when it came to dealing with


the Customs Department.
Mr Lowe, in his overall
assessment of the 2008-2009
Budget, said: "It sounds good.
It's a good PR Budget."
Referring to the Govern-
ment's decision to eliminate
the 2 per cent Stamp Duty on
160 food products, Mr Lowe
questioned how much this
would reduce food prices by
and whether it make a signifi-
cant impact on Bahamian con-
sumers' pocket books, given
that prices on many staples
had increased by 30 per cent
in many cases.
"Two per cent off the price
is nothing by the time the
product reaches the store
shelves," Mr Lowe said.
"It's a nice gesture. They've
taken some initiatives, and are
prepared to be helpful to the
average citizen.
"But at the end of the day
it's not going to make much
difference.
"They're increasing the
debt, increasing spending,
increasing the deficit and
decreasing taxes. That pretty
much sounds like a recipe for
disaster."


$4m FINCO loan provision hints at mortgage concern


FROM page 1B
yesterday. Jan Knowles. spokesperson for Royal
Bank of Canada, which holds a majority 75 per cent
stake in FINCO, e-mailed to this newspaper the
chairman's statement published in the newspapers
yesterday.
Questions submitted to Ms Knowles. including
whether the $3.943 million loan loss provision was a
one-time event, or if more were likely this year: the
percentage of FINCO's total loans that were in non-
accrual; and the year-on-year increase in non-accru-
al loans, were not answered before press time last
night. FINCO said the increase in non-accrual loans
was "manageable" in the chairman's statement,
adding that its capital ratios were strong and in
excess of minimum regulatory requirements.


Indeed, the loan loss provisions account for less
than 1 per cent of FINCO's total mortgage loan
book of almost $650 million as at April 30. )0S8.
FINCO is widely regarded as the market leader iin
the Bahamian mortgage industry, and is therefore,
likely to be more exposed than most to any sectoi
downturn, as Bahamian consumers find it incrieas
ingly difficult to make repayments given soarin,
energy and food costs.
Yet Bank of the Bahamas International, which i;
also involved in mortgage lending, only increased ils
net provision for loan losses by $609,364 in its 00US
third quarter.
This has caused some analysts to raise questions.
The Tribune learnt yesterday, about FINCO's ovei
all portfolio quality when it comes to some loans.
it


Bahamas National Trust


Summer Camp:

Dry Places and Wet Spaees


Have your children participate in

fun learning in the Outdoors


Ages:
Daily Hours:


New Providence:


5-12
8:30 am 12:30 pm

July 21 July 26
July 28 August 2


Venue: The Retreat, Village Road


Available spaces:


35 (first come, first served basis)


Grand Bahama: July 7- 11
Venue: The Rand Nature Centre,
East Settler's Way


Available spaces:

Cost (per week):


35 (first come, first served basis)

$150 (non BNT Members)
$100 (BNT member)

For more information call:
393-1317 (Nassau)
352-5438 (Grand Bahama)
email: bnt@bnt.bs


JOB OPPORTUNITY


JOB TITLE:

DEPARTMENT:


JUNIOR PROGRAMMER

INFORMATION TECHNOLOGY


Position Summary:

The Batch Operator ensures that day end system processes are completed.

Requirements:
Two or more years' experience in AS/400 operations
Hands-on experience in batch, job processing, monitoring, back-ups
Experience handling Windows technical issues
Ability to function both independently and in a team environment
Ability to manage multiple tasks at once
S'1 year Programming Experience Knowledge of COBAL an asset
Excellent problem solving and troubleshooting skills
SStrong work ethic
SStrong desire to learn
*Good communication skills
SFlexible work schedule, 8pm-4am or 9pm-5am


Responsibilities include but are not limited to:


Colinalmperial


* Operating and maintenance functions for mid range systems;
* Monitoring overnight batch processing and performing print processing as scheduled in
accordance with current service levels;
* Providing all aspects of media handling (backup media loading/unloading, dispatch/receipt of
offsite media, etc);
* Accurate and timely processing of information (including system utilities, production and testing
batch runs arid quality control) in and through computer systems;
. Maintaining current knowledge of operating procedures and standards;
* Safeguarding security of data center equipment, media and data files;
* Keeping records of hardware down time;
* Following procedures to run job requests from programmer and requester;
* Running system and application backups per written run log:
* Managing tape retention log;
* Accurately recording activity in daily log:
* Learning software coding, testing, debugging. documentation, and installation tasks in accordance
with industry best practices and standards;
* Assisting in analyzing business processes in order to define application functional requirements
and technical specifications:
* Basic Programming:
* Writing Technical Specification Documents;
* Participating in and directing, problem definition and problem resolution activities;
* Adapting to the Company's development environment and tool sets; and
* Learning different technologies between various software packages for the movement of data.


Please apply in writing on or before 30 May 2008 to:


Richenda Kirg
Vice President, Human Resources
#308 East Bay Street
P.O. Box N-4728
or email to: careers@colinaimperial.com


SALES CAREER

A multi facetted communications/consulting company that is
currently undergoing market expansion wishes to employ
experienced commission sales executive. The ideal person
would have a minimum of three years in commission sales;
have their own private vehicle. We are looking for excellent
communicators that are driven, Candidates must have computer
skills and be able prepare public presentations on behalf of
companies clients.

"AtlXiee in marketing or business is preferred but not a must.

Persons interested should submit CV's and reference letters to:

DA#6282
P.O. Box N-3207
Nassau, Bahamas
by May 31, 2008.


FRIDAY, MAY 30, 2008, PAGE 5B


THE TRIBUNE


h


0









PAGE 6B, FRIDAY, MAY 30, 2008


THE TRIBUNE


KING'S REALTY

MARKETING/ADVERTISING MANAGER

King's Realty Limited is in search of a select individual to join
our team.

POSITION SUMMARY:

Candidate will be responsible for the day to day marketing of
the company including but not limited to Public
Relations/Marketing Events and preparation of relative
Marketing Materials/Brochures.

QUALIFICATIONS:

Minimum of a Bachelor's Degree
* Strong Marketing Strategies
Knowledge and Experience in Website Design
Thorough working knowledge of programs such as
Microsoft Publisher, Adobe Illustrator, InDesign,
Photoshop and other relative software
Strong interpersonal skills

Interested persons should submit applications in writing to
P.O. Box N-10414, Nassau, Bahamas, Re: Marketing Position
or via e-mail to bahamas@kingsrealty.com




TEACHING VACANCIES

Temple Christian Elementary School
invites applications from qualified teachers
for the 2008-2009 school year for:




Applicant must:

A. Be a born-again practicing Christian who
is willing to subscribe to the Statement of
Faith of Temple Christian Schools.

B. Have an Associates and or Bachelor's
Degree in Education from a recognized
College or University in the area of
specialization.

C. Have a valid Teacher's Certificate or
Diploma.

D. Be willing to contribute to the school's
extra curricular program.

Application must be made in writing with full
Curriculum Vitae, a recent coloured photograph
and three references should be sent to:

The Principal
Temple Chrisitan School
Collins Avenue
P.O.Box N-1566
Nassau, Bahamas


Developer pays $7.5m for 50%


stake in Harbour Island property


Share your news
The Tribune wants to hear from people who are
making news in their neighborhoods. Perhaps you
ale 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.


owners can fly into North
Eleuthera International Air-
port, spend a night or two at
Rock House, immerse them-
selves in the spirit and style of
the local culture, boat over and
tour Royal Island, have lunch
or dinner, maybe overnight in
one of our villas and return to
Rock House," he said.
"By partnering with Wallace
and Don, we can create a total
experience for the person who
wants a luxurious residential.
hideaway in a community on a
virtually untouched private
island with ocean views."
A small Royal Island sales
centre has been created just off
the lobby so that Rock House
guests can learn more about


Bar Helper Needed.
Health and police certificates required.
Apply in person to:
Athena Cafe,
Bay / Charlotte Street
Tel: 326-1296 / 322- 8833



Legal Notice
NOTICE
/
SHU WING HOLDINGS LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) SHU WING HOLDINGS LIMITED is
in voluntary dissolution under the provisions
of Section 137(4) of the International Business
Companies Act 2000.
(b) The dissolution of the said company commenced on
the 30th May, 2008 when the Articles of Dissolution
were submitted to and registered by the Registrar
General.
(c) The Liquidator of the said company is Mr. Michael
Low of 1 Raffles Link# 05-02 Singapore 039393

Dated this 28th day of May, A.D. 2008

Mr. Michael Low
'Liquidator





NOTICE

KROY INVESTMENTS INC.

Pursuant to the Provisions of Section 138 (8) of the
International Business Companies Act 2000 notice
is hereby given that the above-named Company has
been dissolved and struck off the Register pursuant
to a Certificate of Dissolution issued by the Registrar
General on the 15th day of May, 2008.



Lynden Maycock
Liquidator
of
KROY INVESTMENTS INC.


____ _a I ._ C^HY ]FG CAPITAL MARKETS
BI5 53 ROYAL0FIDELITY

C F A L
BISX LISTED & TRADEb SEDCL1IESS ASO .' .
.... .',..-& SE C. -A-,.,
THURSDAYr-82.MAY-2- -. '".
BISX ALL SHARE INDEX: CLOSE 1,882.20 1CMG -.09 %:oOHG 09 1 YT 5
S-FND EX- CLOSE 880.9A5 iYT%-7 47 120 F~29% -
S WWW.BISXBAHAMAS.COM FOR OFA -DAtA p~OitR IA o .O( ; .
52wk-Hi 52wk-Low Security Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E Yield
1.95 1.18 Abaco Markets 1.84 1.84 0.00 0.135 0.000 13.6 0.00%
11.80 11.50 Bahamas Property Fund 11.80 11.80 0.00 1.086 0.400 10.9 3.39%
9.68 9.30 Bank of Bahamas 9.43 9.43 0.00 0.643 0.160 14.7 1.70%
0.99 0.85 Benchmark 0.89 0.89 0.00 -0.647 0.030 N/M 3.37%
3.74 2.95 Bahamas Waste 3.60 3.60 0.00 0.289 0.090 12.5 2.50%
2.70 1.30 Fidelity Bank 2.35 2.35 0.00 0.055 0.040 42.7 1.70%
14.10 10.42 Cable Bahamas 14.03 14.03 0.00 1.121 0.240 12.5 1.71%
3.15 2.10 Colina Holdings 2.87 2.87 0.00 0.046 0.040 62.4 1.39%
8.50 4.80 Commonwealth Bank (S1) 7.22 7.22 0.00 0.440 0.290 16.4 4.02%
7.22 3.32 Consolidated Water BDRs 4.04 3.95 -0.09 0.131 0.052 30.2 1.32%
3.00 2.20 Doctor's Hospital 2.95 2.95 0.00 1,500 0.341 0.040 8.7 1.36%
8.00 6.02 Famguard 8.00 8.00 0.00 0.713 0.280 11.2 3.50%
13.01 12.50 Finco 12.50 12.50 0.00 0.650 0.570 19.2 4.56%
14.75 12.30 FirstCaribbean 12.30 12.30 0.00 0.651 0.470 18.9 3.82%
6.10 5.05 Focol (S) 5.55 5.55 0.00 0.386 0.140 14.4 2.52%
1.00 0.41 Freeport Concrete 0.41 0.41 0.00 0.035 0.000 11.7 0.00%
8.00 6.79 ICD Utilities 6.79 6.79 0.00 0.411 0.300 16.5 4.42%
12.50 8.60 J. S. Johnson 12.00 12.00 0.00 1.023 0.620 11.7 5.17%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 0.180 0.000 55.6 0.00%
Fidelity Over-The-Counfr Securifies
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div $ P/E Yield
14.60 14.25 Bahamas Supermarkets 14.60 15.60 14.60 1.160 0.600 13.4 4.11%
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%
olina Over-The-Cauner Secur les
41.00 41.00 AgDAB 41.00 43.:i0 41 00 4450 2.750 90 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 NIM 0.00%
BISX Listed Mutual Funds ..... -C --
52wk-Hi 52wk-Low Fund Name NAV YTD% Last 12 Months Div$ Yield%
1.3124 1.2443 Colina Bond Fund 1.312381"" 1.58% 5.47%
3.0008 2.6629 Colina MSI Preferred Fund 2.989349"" -0.38% 12.26%
1.3909 1.3410 Colina Money Market Fund 1.390896'" 1.15% 3.86%
3.7969 3.2018 Fidelity Bahamas G & I Fund 3.6960""* -2.66% 16.13%
410 1FC4 44 F4 Cinlil O.;(,,, I,;,,,- ...l A 1 1A0 ** 4 70/7 /7001.


Royal Island and the 83-room
* Montage Royal Island Bahamas
resort.
When complete, future Rock
House guests will enjoy its
restaurants, spa and beach club.
They will also have playing
privileges on the 18-hole Jack
Nicklaus Signature Golf
Course, with its 14 oceanfront
holes, tennis and dining.
Royal Island homeowners
and their guests will also have
the Rock House services and
amenities available on day trips
+- TT-- .- ... T-l_-- J


in mid-2010.
Rock House was originally
built in the early 1940s as a bed-
and-breakfast on Harbour
Island.
The property was acquired in
July 2002 by Miami builder Mr
Tutt III, who created estate
homes for the late fashion
designer, Gianni Versace, and
the singer-actress Cher.
Mr Tutt combined the hotel
with the adjacent Catholic
School House, and reopened


FROM page 1B
sheer relaxation," said Chris
Maguire, Cypress Equities chief
executive.
"More importantly, Rock
House mirrors the exclusivity
and the 'anything you ask'for'
service at Royal Island, a 430-
acre private island residential
and resort community with 15
miles of coastline that we're
developing 30 minutes away by
water taxi."
Mr Maguire said nothing will
change at Rock House. "We
see it as an elegant beachhead
to introduce the advantages of
owning a piece of a pristine
Bahamian island. Potential


I


BUSINESS I


to raroour Islanu. the Rock House as a nine-room
In addition, Royal Island will casual yet elegant boutique
have a 140-acre naturally pro- hotel and restaurant.
tected deep-water yacht marina, se raesran
with 200 slips ranging from 50 Rock Hoe rates range from
to 400 feet, scheduled to open $380 to $950 a night.



Realtors: Budget



can spark sector,


FROM page 3B
now, and that's excellent," said Mrs Hurlock. "We see a lot of
Bahamians who are buying land now in Exuma, hoping to build' .
later, and the stamp tax exemption could accelerate the con-,.
struction. I'm just looking forward to seeing the details, but
applaud the intent."
"We deal with a lot of first time-home buyers and this defi-
nitely is needed," said Messrs Lowe and Lunn. "If you want to
stimulate the economy, this is a great starting point. We believe
this should be reserved for Bahamians and we hope that is the
intent."
Mrs Pinder said the exemption from stamp tax, which would
equate to mortgage mobility, could prove to be the most sig-
nificant aspect of the legislation.
"If people now want to consolidate their mortgage and car
loan to reduce monthly payments, they can do that without
incurring additional tax and that's great news," she said.
Mr Chaplin said one of the biggest surprises was that the
industry was taken by such surprise when the announcement
came.
"We have been proposing parts of this for so long, and when
it was finally announced we were as surprised as anyone, but
we're definitely not complaining," he said. "We will just look for
a bit of clarification about the Stamp Tax, whether it applies to:
buyers or sellers or both."




















Legal Notice
NOTICE

DIBIA LIMITED

NOTICE IS HEREBY GIVEN as follows: .,

(a) DIBIA LIMITED is in voluntary dissolution under
the provisions of Section 137(4) of the International
Business Companies Act 2000.
(b) The dissolution of the said company commenced on
the 28th May, 2008 when the Articles of Dissolution
were submitted to and registered by the Registrar
General.
(c) The Liquidator of the said company is Verduro
Virgin Islands

Dated this 30th day of May, A.D. 2008


Verduro Associated Ltd.
Liquidator



Legal Notice
NOTICE

BOLERO LIMITED
NOTICE IS HEREBY GIVEN as follows:

(a) BOLERO LIMITED is in voluntary dissolution
under the provisions of Section 137(4) of the
International Business Companies Act 2000.
(b) The dissolution of the said company commenced on
the 30th May, 2008 when the Articles of Dissolution
were submitted to and registered by the Registrar
General.
(c) The Liquidator of the said company is Mr. Michael
Low of 1 Raffles Link #05-02 Singapore 039393

Dated this 28th day of May, A.D. 2008

Mr. Michael Low
Liquidator









FRIDAY, MAY 30, 2008, PAGE 7B


COISPG


JUDGE PARKER


APARTMENT 3-G

I YOU'RE MY GIRL, L
PON'T YOU KNOW


NON SEQUITUR

TQUt Mll- RO. -
klt 4., K ILL
c twNNL? FOR R A-
vim? Wl'1 ECRE-


I'rRPtRW ...MI LEGAL
TR\NINC LoCKEPooT
EVERlf-Nm tevou Wp
AFTER
INmTRY | %ll..P.mJVo.

\ (WAN'&GNP


CRYPTIC PUZZLE


ACROSS
8 No n,, not guns as toys! (7)
9 Do I take everybody in? Not
completely (9)
13 With adhesive strips, try to get a
picture on the wall (5)
14 Parts, you say, with a lot of cash (5)
15 Half want to yell"Loser!'(7)
16 Snip a rag in shreds, to put in
the bin (7)
17 Happen to have our duplicate keys to
enter with (5)
18 Is cutting back pansies runningriot
in the garden (5)
20 Besides, I am through with her (5)
22 Definitely modish-the done
thing (6)
23 Identify the one caught fish (6)
25 Pushes hard, hopes it penetrates (7)
27 The chief male copywriter? (7)
30 Catch "The figure needs a roll-on
badly" (6)
31 Stoleningot smuggled through an
Australian port (6)
32 Best mixitto a smooth
consistency (5)
35 When speaking, Karlis impressive (5:
36 Having trained, planned to (5)
37 Takes a chance, though the royal skt
is improper (5,2)
39 Problem that's upsetting the cover
girl (7)
41 An obsession about
whatshisname? (5)
42 It's extra small to fit inside
Inspector (5)
43 Checking on how it's being
received (5,4)
44 Moved and excited by (7)


DOWN
1 Showing a decorum that's up to the
required standard? (6)
2 Toffs dressed up at the time in
private life (8)
3 Attacking for entering atthe
double (7,4)
4 Fled when let go, having been
searched (9)
5 Switch on and we climb in
with him (7)
6 Will have a bad dream about, it's
gathered (10)
7 One of the high-ups in the
entertainment world (4)
10 Firmly anchored with a string (6)
T1 The old man's crazy-nuts! (7)
12 Bearing the name "Church" (6)
19 Rip-offtax imposed on the English,
not by the state (7)
21 Mark the start of holidaysin, for the
student (7)
24 Fight to get one's dues and to redress
matters (3,2,6)
26 Not putting it on-is modest (10)
28 Entrusted to, when unable to back
out of (9)
29 By month's end, a third may be badly
affected (4-3)
30 Arrive the day after, having had a
drop: it's funny (6)
32 Giving money to me again for a
luxury commodity (8)
33 What'swrong with
having an affair? (6)
34 Father and kid performing in
"Superman' (7)
38 Provided food that was adequate for
requirements? (6)
40 Regard as the current fashionable
image (4)


1i~ Ci ~i


Dennis


I pON'T HAVTA PAY TAX S 'CAUSE MY PAP
SAYS I'M IS'LITTLE DEPENDENT.'


C


East dealer.
North-South vulnerable.
NORTH
+3
VQ 1075
QJ 108643
+A
WEST EAST
S*Q8 +109754
V6 V9
*752 *AK9
K 1098642 4Q 7 5 3
SOUTH
*AKJ62
VAKJ8432
+ -
+J
The bidding:
East South West North
Pass 1 3 3*
54 Pass Pass 5*
Pass 5P Pass 6V
. Opening lead eight of clubs.
In this deal from the 1997 world
team championship final between
France and the United States, judg-
ment rather than superior card play
or systemic bidding differences
played the key role in a substantial
gain for the French.
The bidding shown occurred
when Bobby Wolff and Bob Ham-
man, for two decades one of the
world's foremost pairs, were North-
South for the U.S., with Michel Per-
ron and Paul Chemla East-West for
France. Hamman's opening club bid


was strong and artificial, and by the
time it was his next turn, the oppo-
nents were in five clubs. Hamman
elected to make a forcing pass,
whereupon Wolff rebid his dia-
monds.
Hamman now showed his true
colors by bidding five hearts, and
Wolf was at the crossroads. He
knew that a cuebid of six clubs,
showing first-round control of clubs
and implying interest in a grand
slam, was the correct bid, but he
feared that if only a small slam could
be made, his cuebid might provoke
the opponents into taking a profitable
sacrifice at seven clubs. So he settled
for a raise to six hearts, figuring that
plus 1,430 or 1,460 was better than
setting seven clubs doubled four or
five tricks.
Wolff was correct in this regard,
since seven clubs doubled would
probably have gone down five for
1,100 points. But the tactic'did not
allow for the possibility that the
French pair at the other table might
bid and make seven hearts for a score
of 2,210.
Wolff's "less is more" strategy
did indeed backfire when Christian
Mar and Alain Levy reached the
grand slam despite similar interfer-
ence by Eric Rodwell and JeffMeck-
stroth. The 750-point difference gave
the French a pickup of 13 IMPs, and-
virtually locke4,gj i e world title.


T ARGET.


HOW many words of four letters or more can you
make from the letters shown here? In making a word,
each letter may be used once only. Each must contain
the centre letter and there must be at least one nine-
letter word. No plurals, or verb forms ending in "s", no
words with initial capitals and no words with a
hyphen or apostrophe permitted. The first word of a
phrase is permitted (e.g. inlket in inkjr t printer).
TODAY'S TARGET
Good 15; very good 22; excellent 30 (or more).
Solution Monday.
YESTERDAY'S SOLUTION
aglet alder alee alert alerted alter altered dale
deal dealer dealt dele delegate delete delta eagle
eaglet earl elate elated elder gale geld glad glade
glare glared glee lade lager lard large late later
lead leader ledge ledger leer leered legate legatee
leger rale ratel real reel reeled regal regale
regaled relate related relegate RELEGATED tale
teal treadle


10 11N N 12


117 -18 19

20B 21 22 23 -


28 29
30 31 32 33
34
35 36 37 38

3 40 41 42


ACRoss
8 Rich (7)
9 Regain
consciousness
13 Web-footed
mammal (5)
14 Deadly
sin (5
15 Ultra7)
16 Former
Pakistani
17 St iks (
18 Mother-of-
arl (5
20 stick )
22 Car
shed (6)
23 Purchased
(6)


One thousand
million (7)
Green-eyed (7)
Grippingtool(6)
Permits (6)
Rapidity (5)
Gangway (5)
Planet'spath(5)
Avoiding the
issue (7
Unscrupulous
opportunist (i)
Stiff (5)
Seat (5)
Exact
copy (9)
Changed (7)


DOWN
1 Annoy
continually 6)
2 Relatin to the
clergy (8)
3 Scaoegoat
4 Prmer gold
coin (9)
5 Drive
backwards (7)
6 Sof luffy
stuff (6,4%
7 Poker
stake (4J
10 Stove (6)
11 Book
collection (7)
12 Choose (6)
19 Lightweight
anorak (,,


Dried
grapes (7)
Cheese
type (11)
Wide-ranginq,
extensive (5-5)
Complicated
in design (9)
Funeral
Cavort (6)
Looks for
(8)
Doleful (6)
Right (7)
Mental
pictures (6)
Fever (4)


capic soun"IN


ACROSS 4. Stram 7. 0red a. Esuys 10. Ce 13. Teak 14. TW 15, rait 16.
Bug 1/. Oa 19. Cam 21. P nMC 23 Ara 2.4 Nae 26. Sty 27. Stt 29 Dno
32, Sons 33. AUAde 34. Pont 35. E a n 36. Beter,
DOW1N I. F~a 2. Green 3 Fal A S 5, A 6. ,' tyrlm 9, SaIa 11. Ro 12.
St 13,.Talnt IS, ral 16, Bad 18. RFUsn 20. Deeds 2;. P1ry 21- 23.
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Tribune








FRIDAY,

MAY 30

AQUARIUS Jan 21/Feb 18
You may not have as much energy as
you think, so slow down your pace.
SSteer clear of conversations about
politics or religion with family mem-
bers who have opposing views.
PISCES Feb 19/Mar 20
Because Pisces tend to feel sorry for
themselves, they are often held back
from the good things in life. You
can't improve your life if you're
always drowning in sorrows. Many
good things could happen this week,
but you won't be able to experience
them if you're home sulking.
ARIES Mar 21/Apr 20
Efforts to impress other people could
have disconcerting results. Don't
expect favors from others now. A
relationship with a member of the
opposite sex could become serious.
TAURUS Apr 21/May 21
Watch your temper this week. You may
end up driving someone away with one
of your sudden emotional outbursts.
GEMINI May 22/Jun 21
This is not a very good week to pur-
chase secondhand items. They could
be of poor Value. If you are looking
to make purchase, hop aroqp for
a few weeks, then deide'.
CANCER Jun 22/Jul 22
You will have an especially easy time
with teamwork and shared projects. A
lot will be accomplished.
LEO Jul 23/Aug 23
This will prove to be an exceptionally
talkative week...even for you! It's an
ideal time for exchanging views, mak-
ing deals and having heart-to-heart
conversations with those you love.
VIRGO Aug 24/Sept 22
You may have recently been involved
in some activity that you don't want to
become public knowledge. But your
secrecy may be noted by those close
to you and lead to difficult questions.
LIBRA Sept 23/Oct 23
This week could easily start with
some family arguments connected
with leisure activities. Try to be
more decisive when it comes to
making plans with friends.
SCORPIO Oct 24/Nov 22 *
You'll have to try to be less straight-
forward than usual. There is a prob-
lemt something to do with a close
friend and you could be involved.
It's a situation that doesn't call for
straight talk, so try to keep your
.opinions to yourself.
SAGITTARIUS Nov 23/Dec 21
Recent disagreements with family
members should be resolved. You
will find that tensions at home have
been alleviated.
CAPRICORN Dec 22/Jan 20
Make sure social activities don't
conflict with your rigorous work
schedule. If you neglect your respon-
sibilities, you could find yourscll in
a bad situation next week.


EP





TR


CHESS-byeonardBarden_: .-


Vlatko Kovacevic v Bent Larsen,
Bugojno 1984. Today's puzzle shows
what is a simple tactic at
grandmaster level. At his peak,
Denmark's Larsen was ranked world 7
number three after Bobby Fischer 6
and Boris Spassky, but his crushing
0-6 match defeat against Fischer 5
proved a psychological blow from 4
which he never fully recovered.
Playing Black in the diagram, the
always optimistic Larsen planned to 2
invade the white defences by Nb6,
Rc2 and Nc4. Can you spot White's
winning two-move sequence which
the elite grandmaster overlooked?


S861


1 i






a b c d e I v -h


LEONARD BARDEN


Chess: 8610:1 Rb7 QcS 2 Rxd7 RePsign< !f Qxd7 2
Qxc3 and Black's position a knight down is
hopeless.


THE TRIBUNE


*~tract


Contract Bridge

,,$stewv ecler


Famous Hand


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29. EFr 32. Fear 3.1. Ba 3,. S.tars 35 68 3. A- M..
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2.. u-t S. Regul-,r 15 16 B 8.tBy 81 20. o d, 21. V-'m 22. Aa
23. D,-p 75. Noi 28. NA 30. R"3-o1. 32 3.S 2. Fi'a 33. () Be-u.


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1














'$20m duty savings to bolster BEC's position


* By NEIL HARTNELL
Tribune Business Editor
The $20 million the
Bahamas Electricity Corpora-
tion (BEC) will save in annual
customs duty payments on its
fuel imports over the next two
years will help shore up its
own weak financial position,
a government minister yester-
day told The Tribune yester-
day.
Phenton Neymour, minister
of state for public utilities, said
the Government's Budget ini-
tiative to exempt BEC from
paying 10 per cent customs
duty and 7 per cent Stamp
Duty on its fuel imports over
the next two fiscal years would
give the Corporation financial
breathing space to focus on
infrastructure projects and
develop alternative energy
sources.
Explaining that it was not
just BEC's residential'and
business customers who would
feel the benefit of the tax
exemption, Mr Neymour said:
"It will definitely assist BEC
with its financial position.


* Minister says no increase in basic tariff rate, with impact from fuel
import savings to 'most likely' be felt by consumers in August
* Initiative gives BEC breathing space to focus on infrastructure devel-
opment and alternative energy, with Bahamas lagging behind region on
latter


"We took the position that it
would not be appropriate at
this point in time to pass on
some of these additional fuel
costs to the customer by
increasing BEC's rates.
"This will definitely put
BEC in a stronger financial
position, so it can continue
with some of the development
plans it has."
Mr Neymour, in previous
House of Assembly address-
es, had estimated that BEC
could lose $38 million during
the 2008-2009 Budget year.
The $20 million in customs
duty savings alone, then, could
cut that by more than half.
The minister yesterday con-
firmed there would be no
increase in BEC's basic tariff
rate, even though the Govern-


"This will definitely put BEC
in a stronger financial posi-
tion, so it can continue with
some of the development
plans it has."


Phenton Neymour


ment had said the Corporation
was losing $18 million per year
in revenues as a result of a rate
reduction brought in by the
former PLP government in
2004.
"There will not be any
increase in the basic rate at


this time," Mr Neymour told
The Tribune. "There was a tar-
iff study, and that study is still
being reviewed at BEC."
The Government directly
targeted soaring energy costs
in the 2008-2009 Budget, given
that BEC's fuel surcharge had


increased by some two-thirds
of 66 per cent year-over-year
in February 2'I 11,
Since then. the fuel sur-
charge has remained close to
February 2008 levels, although
inching slightly higher, at
between $0.16-$0.17 per kilo-
watt hours. The increase,
though, has further reduced
disposable incomes for
Bahamian families, especially
those in the lower income and
middle classes already strug-
gling to make ends meet, and
raised the operating costs for
all Bahamian businesses.
In his Budget statement,
Prime Minister Hubert Ingra-
ham said the Government's
strategy would remove the
impact of the 7 per cent Stamp
Duty that BEC pays on its fuel


Draw takes place Friday, 6th June, 2008.

Spend $30 in fuels or $10 in the C-Store and you will get an entry form. Rll

out the entry form and drop it into the boxes provided for your chance to win

prizes for trips for 2 to one of five exciting destinations around the World.


imports from consumer bills.
The fuel surcharge, he
added, currently includes the 7
per cent Stamp Duty, mean-
ing that BEC passes this
expense directly on to its con-
sumers.
Mr Neymour said Bahamian
households and businesses
were most likely to see the
Stamp Duty removed from
their BEC bills and the fuel
surcharge in August 2008,
although July remained a pos-
sibility.
He explained: "It is depen-
dent upon [BEC's fuel] inven-
tory and the pricing, and so
the timing may vary, but we
anticipate some time, if we're
lucky, in July, but some time in
August is looking more like-
ly."
Mr Neymour said the Gov-
ernment would review the
effects of the two-year sus-
pension and make a decision
on whether to extend it when
that period was up.
He indicated, though, that
the move had given BEC a
welcome breathing space from
the increasing costs and finan-
cial pressures it has been feel-
ing. "It is giving us an oppor-
tunity to continue our efforts
in producing alternative ener-
gy sources, and co-ordinate
those with our National Ener-
gy Policy," Mr Neymour said.
He'described formulation of
this policy as "progressing
well", the committee charged
with developing it meeting reg-
ularly.
Mr Neymour said the com-
mittee's recommendations had
already been incorporated into
the 2008-2009 Budget, indicat-
ing they were responsible for
the inclusion of "some of the
energy-saving items".
To encourage energy effi-
ciency, the Government will
reduce import duties on ener-
gy-saving home appliances
from 35 per cent to 15 per
cent; lower the import duty
rates on energy-efficient win-
dows, low-flow shower heads
and low-flow toilets to 15 per
cent; and lower the import
duty on hybrid vehicles from
between 45-65 per cent to 25
per cent.
The importation of energy-
saving light bulbs, solar lamps,
batteries, converters and d min
engines will also bec, ime dulI
free. On alternative energy,
Mr Neymour said. "Thd
Bahamas is somewhat hehin
some of our other colleague
in the region, and so \% e have
lot of catching up to do. \Vit
the team we have, we'll mak
good progress."


ESso


Terms and Conditions Apply. See entry frm for details We're drivers too.


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THE TRIBUNE


PAGE 8B, FRIDAY, MAY 30, 2008