The Tribune
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00084249/01044
 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: June 5, 2008
Copyright Date: 2008
Frequency: daily, except sunday
normalized irregular
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
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: UF00084249:01044

Full Text


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the Port

PM says they cannot

wait 'much longer'

for dispute to settle

S Tribune Staff Reporter
NOTING that his govern-
ment cannot wait much longer
for the principals of the Grand
Bahama Port Authority to set-
tle their dispute, Prime Minister
Hubert Ingraham announced
yesterday that government is
prepared to purchase the Port
Authority and bring an end to
the demoralising business cli-
mate that has developed in
Grand Bahama.
Addressing the House of
Assembly on government's
2008-2009 Budget, Mr Ingra-
ham said he has indicated to

one of the principal sharehold-
ers of the Grand Bahama Port
Authority, Sir Jack Hayward,
that government cannot wait
"much longer" for the Hayward
Sand St George families to settle
their dispute pver the owner-
" ship.of the company's shares.
.As such,.Mr Ingraham said
that he has indicated to Sir Jack
that Government is willing to
buy the Port Authority.
"High unemployment, grow-
ing social deprivation and busi-
ness stagnation characterized
the situation in our nation's sec-
ond most populated island
when we came to office last
SEE page 10

PM: govt intends to help those

struggling to pay mortgage
Tribune Staff Reporter
HELP may soon be at hand for people struggling to meet their
home mortgage payments, Prime Minister Hubert Ingraham said
"Painfully aware" that a number of families are experiencing dif-
ficulties meeting their monthly mortgage payments, which can
ultimately result in their homes being repossessed, Mr Ingraham
said in the House of Assembly yesterday that the government
intends to intervene.
SEE page 10


15-year-old boy in court in
connection with fatal stabbing

A 15-YEAR-OLD boy
charged in the fatal stabbing
of Joel Simeus, who died out-
side Solomon's Super Centre
on Saturday, was arraigned in
juvenile.court yesterday..
The accused was arraigned
before Magistrate Carolyn
Vogt Evans in Court 2, Victo-
ria Gardens, on the charge of

Simeus, 15, a resident of
Nassau Village, was killed out-
side Solomon's Super Centre
in Old Trail Road around
9.30pm on Saturday.
The grade 10 C H Reeves
student was reportedly with
five or six other youths when

SEE page eight


DEPUTY leader of the Pro-
gressive Liberal Party, Cynthia
Pratt, took grave exception yes-
terday to a story appearing in
The Nassau Guardian regard-
ing her attendance record in
the House of Assembly.
SEE page eight

Call for special

task force to

investigate 'gay

link' murders

Tribune Staff Reporter
A SPECIAL task force is
needed to investigate four
unsolved murders believed to
have a common gay link, Rain-
bow Alliance representative
Erin Greene said yesterday.
Noting that violent crime is
a blight on the entire country,
the gay/lesbian rights activist
said the "trend" of unsolved
brutal murders of reported gay
men warrants a special police
task force.
"'Ccri taini this is:a part of a
trend again these four deaths
are not the first four deaths of
gay men or unsolved murders -
and it's too early to say whether
this fourth matter is connected
to the first three, but we hope
that the police see this as an
urgent matter and sets up a spe-
cial task force to deal with this,"
Ms Greene told The Tribune.
She was referring to the
unsolved murders of waiter
Marvin Wilson, AIDS-activist
- Wellington Adderley, handbag
designer Harl Taylor and col-
SEE page 12
The Bahamas is
a 'special case'
yet again in US
Trafficking in
Persons report
THE US State Department
has for the third consecutive
year described the Bahamas as
a "special case" in its annual
Trafficking in Persons Report.
The presence of large num-
bers of undocumented migrants
in the country continues to raise
concerns for the Americans that
a significant number of these
people may be in need of assis-
US Secretary of State Con-
doleezza Rice yesterday
released the eighth annual
Department of State Trafficking
in Persons Report, which
reviews 170 countries around
the world.
Though the Bahamian gov-
ernment was commended for
its collaboration with the Inter-
national Organisation for
Migration on a draft anti-traf-
ficking bill. and engaging in
anti-trafficking efforts, the US
recommended several initiatives
to bolster anti-trafficking efforts
SEE page 10

Latest killing
sparks warning
for homosexuals
Nassau were last night
warned to be "doubly vigi-
lant" following the latest
gruesome gay murder.
"Be careful who you let in
your car and your house -
and don't go to the wrong
parties," a source close to
the gay community said
after the brutal murder of
Marvin Wilson.
It was also claimed that
gays now have serious con-
cerns about the spaIe of
homosexual murders over
the last six months.
"It is terrible what is hap-
pening here now. Gays feel
there is probably a serial
killer on the loose," he said.
"This is a serious chal-
lenge for the government. I
think it may be that a killer
is getting revenge for the
passing on o1 a disease."
The comments came after
the full horror of Mr
Wilson's death began to
emerge. He was stabbed
through the chest with a
dagger from his own
weapons collection atlAis
home near ZNS radidsta-
tion. t
His killing ceun onr a
few days after th' I. l I
murder of AIDS aciast
Wellington Adderlejn his
apartment in Delance
Street, over the AIDS Sec-
retariat office.
Mr Adderley was almost
decapitated after his attack-
er slit his throat.
Last November, two
prominent Nassau gays -
handbag designer Harl Tay-
lor and academic Dr Thad-
deus McDonald were
savagely killed in their
homes, one with a knife, the
other with a clothing iron.

Please note that
due to the Laour Day
holiday there will be
no Tribune on Friday
or Saturday. The
paper will return to
newsstands Monday.






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$14,833.41 a ye

a prisoner costs

E By BRENT DEAN 90 people detained in Her Majesty's Prison
Tribune Staff Reporter last year for murder was actually sentenced
bdean@tribunemedia.net for the crime.

IT costs the taxpayers of the Bahamas
$14,833.41 a year to incarcerate one inmate,
according to the 2007 annual Prison Report.
The report, which was tabled yesterday in
the House of Assembly by Minister of
National Security Tommy Turnquest, indi-
cates that Her Majesty's Prison (HMP)
operated with a $20.48 million annual bud-
get in the 2006/7 fiscal year, with $2.6 million
being dedicated for capital works.
Approximately $1.74 million of the prison
budget last year was dedicated to food. The
average annual food cost per prisoner was
$1,286.20. Out of the 2,556 inmates admitted
to HMP in 2007, 1,741 were on remand and
815 inmates were sentenced. Only one of the

This statistic further indicates that the
backlog in the Supreme Court of some 500
to 600 cases is being compounded by the
inability of the Attorney General's Office to
bring forward prosecutions at a reasonable
rate. Only 31 criminal cases were tried in the
Supreme Court last year.
Male admissions to HMP far outnum-
bered the female admissions in 2007, as
2,367 men were incarcerated as compared to
189 women during the same period.
Out of the 815 sentenced inmates, 480
were recidivists they had been to prison
before and 335 were first offenders.
Remanded inmates made up 68 per cent of
the prison population, while sentenced
inmates were 32 per cent of the population.

- how much

the taxpa er
More specifically, first offenders make up 13
per cent of the prison population and recidi-
vists, 19 per cent.
The figures also reveal that property theft:
crimes are the leading charges for which
inmates were incarcerated in 2007.
The nine listed sentencing categories are:
1) Shop breaking, housebreaking, bur- -
glary and stealing: 1048 inmates;
2) Possession of dangerous drugs: 605
3) Others (undefined): 392 inmates;
4) Possession of firearms: 185 inmates; .
5) Murder/manslaughter: 122 inmates;
6) Armed robbery: 113 inmates;
7) Breach of the Immigration Act: 49
*8) Rape: 33 inmates;
9) Unlawful sexual intercourse: 9

11 I Stu de nts ickedto lle Washingtn azzII'I IAIIntue

SIX STUDENTS from various schools throughout the nation have, been selected to attend the Washington Jazz Arts Institute. During a press conference highlighting the close of the
2008 E Clement Bethel National Arts Festival, Minister of Education Carl Bethel yesterday presented two of the six students, who were selected based on their artistic merit, with schol-
arships. The students who will be attending the Jazz Art Institute include Matthew Walker of SC McPherson; Nilnikos Klonaris of the Lyford Cay School; Ivan Carey of St Andrews

School; Rasheed Robinson, Quinn Brown and Marcus Gouthro, all of the Orchestral School of Music.

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Tribune Staff Reporter
THE school board of Colum-
bus Primary was escorted out of
the Bennigan's Restaurant by
police, and kept at the Mall at
Marathon station for more than
an hour, because the business
reportedly would not accept a.,
certified government cheque for
The nine members of the
board went to the restaurant at
4pm on Tuesday for lunch and
stayed for almost three hours.
board member Joseph Edwards
told The Tribune.
*When it was time to pay the
bill, which was near to $400, the
group produced a certified gov- .
emrnment cheque to settle the bill.
Management at the restaurant
reportedly refused to accept the
cheque, stating that the restau-
rant has a no-cheque policy.
Mr Edwards said that he
could understand the restauran-,
t's policy if they had produced a
personal cheque, but that their
case should have been different
as it was a government cheque.

When contacted yesterday,
general manager at Bennigan's
Ronnie Miller said that she did
not know the specifics of the
However, she said that she
will speak with her management
team about the matter.
Mr Edwards said that to avoid
a scene, the school board mem-
bers would have had no prob-
lem paying the bill themselves,
but added that "once a school
board member takes money out
of his own pocket, you would-
n't be able to get it back."
Commenting on the current
status of the dispute, Mr
Edwards said that the restaurant
is still going to get the same
cheque the board offered that
"Well, we are at the stage
where somebody or the other
will have to cash the cheque, but
it wouldn't be a school.hoard
member so it would have to be
one of them," he said.
"The same cheque that they
got before, one of them will have
to go and cash it in either their
name, or whatever, and then go
and pay it off to Bennigan's."


Solving sharing energy prices

THREE local businesspersons
have partnered \"iih a leading
ocean energy company) to find a
solution to soaring energy prices
and to provide Bahamians with
a clean, renewable source of ener-
The group, now called
Caribbean Alternative Energy,
has secured the sole license to
provide cutting edge energy tech-
nology throughout the Caribbean
and possibly the Americas. The
company's sub-surface system
uses and exploits the unlhmited
energy that can be derived from
the sea through ocean flow action
and it can work independently or
in conjunction with existing ener-
gy resources.
"We are approaching the larg-
er hotels and resorts with a view
to having them use our system as
a back-up to their current power
supply as it poses no risk whatso-
ever," said Cyril Lowe, who
serves as the group's president.
"In fact, we are currently nego-
tiating with BEC to implement

Business trio link up with

ocean energy company

our system nationwide as a back
up and as a source of low cost,
clean renewable energy."
"Since the Bahamas is sur-
rounded by water, it just makes
Sense to get our energy from the
sea," Mr Lowe said.
Engineers are scheduled to vis-
it the Bahamas within the next
three weeks to identify sites and
begin collecting the necessary
data to set up the systems. Pro-
duction and installation of this
totally eco-friendly, energy pro-
ducing system will take about six
months once data collection
Company founders Jennifer
Stubbs, Cyril Lowe and Brian
Kelly put their heads together a
few months ago and searched the
internet to find solutions to the
energy problem. They decided
that the ocean-powered electrici-

ty generating system was the per-
fect combination of a sound busi-
ness investment and a solution to
a major energy problem. "We've
approached some of the major
resorts on Paradise Island,
Albany Developers, the Harbour
Island District Council and a few
other businesses so far. We've
also sent related information to
the Bahamas Chamber of Com-
merce in order to get some feed-
back from them," Ms Stubbs, the
group's marketing director for the
company, said.
"We plan to work with gov-
ernment to use our system as a
selling tool to attract internation-
al investors by ensuring them that
we have enough back up electri-
cal energy to support the more
than $10 billion worth of devel-
opment that is have scheduled for
the next few years," she said.



Police escort school

board out of restaurant

amid cheque controversy

0 In brief


help family left


after fire

NEIGHBOURS are rally-
ing round to help a family left
homeless when a suspected
fire-raiser burned down their
wooden house over the week-
Mother-of-six Wanda
Roberts was luckily sleeping
at her sister's home when her
house at Whitetown, Hatchet
Bay, Eleuthera, was torched
on Sunday.
No-one was in the building
at the time.
Yesterday, a source told
The Tribune that neighbours
were doing their best to help
Ms Roberts and her family,
who lost everything in the
"All they had was what they
stood up in," said the source,
"The house and everything
inside it was completely
Ms Roberts, sister of House
of Assembly Speaker Alvin
Smith, is thought to have been
the target of someone with a
"There seems to be no
doubt that this was the work
of an arsonist," said the
Eleuthera has been hit by
at least four fires in the last
six weeks. The Hatchet Bay
shopping centre went up in
smoke a few weeks ago, and
the grocery store at The Bluff
was also hit.
, Locals believe all the fires
could have been caused by
A man is being questioned
by police in relation to the lat-
est incident.


names Atlantis
top Caribbean


ATLANTIS has been
named the top Caribbean
resort by a leading airline
In its summer 2008 issue,
the magazine Celebrated Liv-
ing American Airline's mag-
azine for first and business
class passengers revealed its
'Reader's Choice Platinum
List', naming Atlantis the top
resort in the Caribbean. The
list highlights American Air-
line's passengers' top choices
in cruises, spas, golf courses
and hotels.
In the Caribbean hotel cat-
egory, Atlantis scored high
marks over other properties
such as the Ritz-Carlton in the
US Virgin Islands and the
Four Seasons in Nevis.
The American Airlines
quarterly magazine also
ranked Atlantis second in its
list of Top 10 family resorts,
with the only Disney's Grand
Floridian Resort and Spa in
Lake Buena Vista, Florida,
getting higher'marks.
Some 172,800 copies of the
publication are distributed on
board all American Airlines
flights in first and business
class cabins as well as all 43
Admirals Clubs and Ameri-
can Airlines private frequent
flyer lounges.


0 In brief


and armed


POLICE are investi-
gating a burglary and
armed robbery that
occurred at a private
residence in the east of
the capital in the early
hours of yesterday.
Shortly after lam yes-
terday, a female resident
of a home in eastern
New Providence got up
to use the bathroom
when she heard a noise
coming from her par-
ents' bedroom.
Inside the bedroom
were two men, armed
with handguns, who
were demanding cash.
She contacted the
police who immediately
Prior to the arrival of
the police officers, the
robbers stole jewellery
and an undetermined
amount of cash from the
The culprits then
demanded the keys to
the family's car and
escaped in the Toyota
Cynos vehicle, registra-
tion number 1444955.
The car was recovered
by mobile division offi-
cers in the area of
Charles Saunders High-
way at around 3am yes-
terday. Investigations
into the matter are con-

Man in court

accused of


A MAN accused of
stealing an aeroplane
valued at nearly $180,000
w'ds arraigfied'in court
yesterday. -
Jimmy Johnson, 29,
was arraigned in Magis-
trate Carolita Bethel's
Court 8, Bank Lane, on
the stealing charge.
Court dockets state that
on Monday, April 28,
Johnson stole a Piper
Aztec aeroplane from
the Andros Town Inter-
national Airport.
According to court
dockets, the plane was
valued at $178,000. John-
son, who was arrested in
Jamaica and charged
with illegal landing last
month, was out on bail in
relation to another mat-
ter at the time of the
Johnson opted to have
the case heard in the
Magistrate's Court. He
was not eligible for bail,
having had his bail
rc.voked on a previous 4i
charge, Magistrate
Bethel told him. The case
was adjourned to July 23.

accused of
unlawful sexual

A 20-YEAR-OLD man
accused of having unlaw-
ful sexual intercourse
with a 13-year-old girl
was arraigned in the
Magistrate's Court yes-
Court dockets state
that Samuel Alexander
Kemp committed the
offence on December,
25, 2007. The Adelaide
Village resident, who was
represented by attorney
Fayne Thompson, was

not required to plead to
the charge. Despite pleas
by Mr Thompson that
Kemp could lose his job,
Magistrate Carolita
Bethel remanded the
accused to her Majesty's
Prison. A bail hearing is
scheduled to take place
on June 10.

6eflz,, u gct-

Pest. CI .IIIo

PM criticises some Arawak

Cay vendors over premises

Tribune 3taff Reporter
PRIME Minister Hubert Ingraham yesterday said
he was "disappointed by the inadequate attention"
given by some Arawak Cay vendors to maintaining
their premises, and is concerned that their "negli-
gence not be permitted to deteriorate to the point of
becoming a threat to public health."
This was one of several critical comments Mr
Ingraham made about the behaviour of vendors in
the House of Assembly as he announced that
Arawak Cay's Down Home Fish Fry will be subject
to a "major refurbishment" paid for by the public

Notable among the new additions to the popular
spot will be a "live conch storage tank and process-
ing area."
The prime minister said that these additions and
upgrades "must be done in the public interest."
Outlining his grievances, Mr Ingraham expressed
concern that the vendors may be sub-letting their
premises which were built on Crown Land and
leased to them under the previous FNM adminis-
tration for $1 per square foot to immigrants.
Describing himself as a regular patron of the pop-
ular hang-out, he said: "I take the opportunity to
remind persons who hold leases at Arawak Cay
that the leases do not provide for the sublease of the

TAXI and jitney franchise
holders, as well as churches and
schools, will be allowed to import
new vehicles Customs duty and
Excise tax free, Prime Minister
and Minister of Finance Hubert
Ingraham said yesterday.
Addressing the House of
Assembly, Mr Ingraham empha-
sised that the duty and tax exemp-
tions will only be available to such
franchise holders and organisa-
tions once within any five year
period, and only apply to brand
new vehicles.- not second-hand
or used ones.
However, the law is not a "sun-
set law", noted Mr Ingraham, and
as such operators will be able to
take advantage of it indefinitely
until such time as any future gov-
ernment may take the decision to
end it by amending the law.
Mr Ingraham admitted that one
problem exists in relation to the
Draft Excise Tax Act that allows
for these provisions, namely the
unintentional omission of the
word "omnibus" (referring to jit-
neys) from the bill.
He said the government will
soon move for an amendment to
the Act, which was tabled last
Wednesday, to ensure that jitney
franchise holders get the same
benefits when the Act becomes
According to the prime minis-
ter, the decision to grant such an
exemption to taxi drivers in par-
ticular is timely in light of alleged
complaints from Kerzner Inter-
national that the vehicles belong-
ing to some the taxi drivers who
are contracted to service the hotel
are "too old."
However, this complaint, raised
in a letter to Mr Ingraham from
the president of the taxi drivers

"In particular, we do not expect, and will not
sanction, the Down Home Fish Fry becoming, as the
Straw Market has become, a business place for
immigrants who lease from Bahamians. The Fish
Fry is meant to be a Bahamian experience," he said.
Mr Ingraham said he was disappointed with the
"abysmally low number of entrepreneurs who have
kept their lease payments current."
He added that he has also been disappointed by
several operators who have abandoned their sites,
leaving them as "eye-sores for the public."
The area's refurbishment will include the instal-
lation, where required, of new sewer mains and
manholes, the demolition of unsound and derelict
buildings, repairs of restroom blocks and plumb-
ing, as well as the installation of fire hydrants.
Meanwhile, addressing the intended relocation
of the port to Arawak Cay, Mr Ingraham Said:
"Entrepreneurs ought not be concerned that the
relocation of the commercial port to Arawak Cay
will increase heavy duty commercial traffic at the
Fish Fry. I wish to advise that a new causeway is to
be constructed which will keep all cargo traffic away
from the recreational and cultural facility at the
Fish Fry."
He also threw his support behind Minister of
Agriculture and Marine Resources Larry Cartwright
in his dealings with the Arawak Cay vendors.
The vendors recently condemned Minister
Cartwright for suggesting that they must close up
shop for two months so that the redevelopment of
the area for the port relocation could begin.
Mr Ingraham said: "When Larry Cartwright goes
down there to talk to vendors, he comes with the full
backing of the government."

Customs duty and Excise tax free
union, was not the cause of the
government's decision to give the
franchise holders this relief, he
The .prime minister also said
that the government will give "fur-
ther consideration to an increase
in fares for taxis and jitneys" -
something which those in the
ground transportation industry

have been calling for for some
Meanwhile, the government is
aware of the rising costs of those
in the mailboat industry and will
move to assist them also, he indi-
cated, adding: "I expect that this
might most effectively be achieved
through a rebate of a portion of
the duty paid on diesel."

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NO WONDER Prime Minister Ingraham
chuckled when, after he had delivered his
Budget Communication in the House last
week, the Opposition dismissed him as being
no friend of the poor. In other words, his
policies showed neither care nor under-
standing for*the needs of the poor.
Having accused him of adopting "whole-
sale from the Christie administration's blue-
print" for his own Budget, it did not occur to
them that if this were in fact true, then, nei-
ther was the Christie "blueprint" friendly to
the poor. Judging from some of their often -
contradictory statements, logic seems to be in
short supply in Opposition ranks.
But to say this man born in dignified
poverty, raised by a strict grandmother whose
great ambition was to make certain her
grandson had learning was "no friend of
the poor" was indeed a stretch of the imagi-
nation. As for the poor, Mr Ingraham was in
fact bone of their bone, and flesh of their
flesh. If any man knew poverty, it was Hubert
Alexander Ingraham. How many of us can
remember when our parents could afford to
get us our first pair of shoes to go to school, or
our first coat? We can't, but he can, because
it was a big event in the Cornish household in
Cooper's Town, Abaco.
"It was a great event," he recalled at the
funeral of his proud and fiercely indepen-
dent grandmother. "Uncle Jo had to be told
and shown the tennis. And so was Uncle
Reaches, and anybody else who came to the
Back Road that weekend." And for each vis-
itor he had to try them on and'show them off.
The family afforded his first school shoes
- a pair of tennis when he was 11 or 12
years old.
And when he got his first coat, for the rest
of that week he had to model it for whoever
came to their house.
Not only did "Mama" Cooper Cornish -
Cooper's Town is named after her family -
want her grandson to have "learning," but she
insisted that he also have good table manners.
To acquire this extra polish, and as there
were no knives and forks in "Mama" Cor-
nish's house, he was sent every Saturday to an
aunt's home to learn to eat with a knife and
He made his first pocket change froin fish--
ing and running errands and delivering gro-
ceries for an uncle. His grandmother taught
him self reliance, honesty, accountability and
the dignity of hard work.



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or Abaco Motor Moll, Don MacKay Blvd, 367-2916

His is a success story of which anyone
would be proud. But there were members of
the PLP when he was gaining prominence
who jeered at his background. He was
referred to as "Hubbigity" with no "brough-
tupcy", a reference to his humble beginnings.
We vividly recall one evening when the
late Sir Lynden Pindling from a political plat-
form during an election campaign in Grand
Bahama, dismissed Mr Ingraham as a mere
"delivery boy." The Tribune immediately
picked up on it, and what was intended as a
slight was turned into a triumph of achieve-
ment. This was one "Delivery Boy," said The
Tribune at the time, who had not only deliv-
ered Grand Bahama to the FNM, but also the
government of the Bahamas. Sir Lynden
might have been prime minister, but the FNM
had a "Delivery Boy" who knew how to
deliver. It became a badge of honour.
Still living in a land of illogic the PLP did
not realise that when they obliquely scoffed at
Mr Ingraham's background, they were reveal-
ing themselves as insufferable snobs, them-
selves no friend of the poor who they had
left behind them.
And now in a Budget allocation that has
been increased by $5.4 million to relieve the
suffering of the poor, the Opposition still
dismisses him as no "friend of the poor." Mr
Ingraham noted during the Budget commu-
nication last week that the last increase in
these benefits for the poor was granted in
2000, his last term in office.
The PLP who talk so glibly about the poor
were in office from 2002 to 2007. Their allo-
cation to the Department of Social Services to
assist the poor was $26.4 million. Under the
Budget now under debate the allocation has
been raised to $31.8 million.
A budget that has.brought tax relief and
incentive programmes to give a boost to the
construction industry, which will provide
more jobs for artisans and labourers, the
Opposition obviously considers of little help
to these Bahamians. Mortgage relief is also
another help. And Bahamians who want to
buy or refurbish their homes can do so with-
out paying taxes on building materials and
Regardless of what the Opposition says
this is indeed a Budget to encourage the little
man to help himself.
Once again the "Delivery Boy" is deliver-
ing, obviously to the chagrin of Her Majesty's
Loyal Opposition.

m- IM







The Tribune Limited
Being Bound to Swear to The Dogmas of No Master

LEONE. H. DUPUCH, Publisher/Editor 1903-1914

(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Switchboard (News, Circulation and Advertising) 322-1986
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Freeport fax: (242) 352-9348

+Don Stainton (Protection) Ltd.
FREE ESTIMATES 322-8160/322-8219

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EDITOR, The Tribune.
WITH the Bahamas' two top
Civil Aviation Department offi-
cials recently being "thrown
under the bus" and the former
head of the Flight Standards
Inspectorate being appointed the
new director... reportedly as a
contract officer at a salary of
$100,000 per annum, plus perks
- one is forced to wonder what is
next for the department, and as
aviation is so vitally important to
national development, for the
For those who may have
missed it, as except for The Nas-
sau Guardian (Wednesday May
21, 2008 Shake-up at Civil Avi-
ation), the rest of the mainstream
media appears to have ignored
it, the two officials (one still
recovering from an unfortunate
traffic accident) have been sent
on extended leave for up to a
My understanding is that the
exercise may have been prompt-
ed mainly by the fact that since
becoming an ICAO "Contract-
ing State" over 30 years ago, The
Bahamas, based on a recent
assessment, was found "deficient"
in implementing a significant
number of the organisation's safe-
ty and other protocols.
However, in all fairness to the
two gentlemen, it's probably
more likely that the problems
being experienced were due more
to the system than any faults or
omissions on their part.
The fact is that, except on rare
occasions, CAD has not been
seriously "on the plate" of suc-
cessive governments' agenda.
This was brought out most
vividly by former.DPM and chair-
man of both the Airport Author-
ity and its operational arm, the
Nassau Airport Development
Company, Frank Watson himself.
During a farewell party held
for Airport Authority General
Manager Bertram Joseph Reck-
ley on Friday, November 23,
2007, Mr Watson openly admitted
that in terms of "allocation of
resources (and) manpower to get
the job done," CAD usually
received "what was left" after
"larger constituencies" such as
"education police, others like
that...got theirs."
But security "deficiencies" are
but one of the many challenges
currently facing CAD. For a num-
ber of reasons, one of the most
pressing matters, in my opinion, is
the need to revisit a 1952 agree-
ment in which large chunks of
Bahamian territorial airspace
were parceled out to the United
States and Cuba.
It is my understanding that
since The Bahamas set about in
earnest to retake control of its

airspace and implement a Flight
Information Region (FIR), the
US, primarily using navigational
equipment located in The
Bahamas and earning an esti-
mated $30 million to $40 million
annually, has offered The
Bahamas $20 million a year to
maintain the status quo.
However, this would not
address the matter of significant
areas of The Bahamas, including
Cay Lobos, the Ragged Island
Chain where the horrific
HMBS Flamingo incident of May
10, 1980 occurred and certain
portions of the South Andros
area remaining either within
Cuban airspace or within that
Socialist republic's Air Defence
Identification Zone (ADIZ).
The upshot of this is that
Bahamian uniformed forces per-
sonnel flying US-provided Black
Hawk helicopter, must needs be
ever mindful of advising Cuban
authorities of their intentions in
the area.
My understanding is that cer-
tain concerns have been for-
warded to the relevant authori-
ties in the Bahamian chain of
It seems to me that the 1952
agreement is in dire need of being
renegotiated. The Green Paper
on Independence for the Com-
monwealth of The Bahamas pre-
sented to Parliament on March
8, 1972, argued the "crucial
importance" of The Bahamas
having the capability to "deal
directly with other governments"
and pursue other national objec-
tives 'to bring about those social
and economic advances on which
the nation's future stability and
prosperity must largely depend."
The paper added that it was
"also a characteristic of the con-
trol of British colonies, that the
United Kingdom Government
has shown greater interest in their
administration than in their devel-
The attitude towards econom-
ic and social development...has
not consciously encouraged inte-
gral local identity or Bahamian
participation at all levels." Hope-
fully this "reigning aesthetic" is
now passe.
According to an unimpeach-
able source, in 1970, the United
States' sinking of a ship filled with
canisters of nerve gas in Bahami-
an waters with the full
approval of the Bahamas' then-
colonial masters, Great Britain
- was the 'final straw' that
steeled the resolve of Sir Cecil
Wallace-Whitfield and others to
seek independence for The
Bahamas as quickly as circum-
stances would allow.
As it happened, instead of the
ship and its deadly cargo sinking
harmlessly to rest at the bottom

jirsot aptist CIjurcb
289 Market St. South P.O. Box N-7984 Nassau, Bahamas

"Faith begins
where worry ends"
7:00am, 9:00am, 11:15am
Marriage Officer, Counsellor, Intercessor
Phone: 323-6452 393-5798
Fax: 326-4488/394-4819

All entrances to the grounds of

The St. Francis

Xavier Cathedral



to retain ownership rights between the
hours of 6:00am to 6:00pm
on Friday, June 6th, 2008

of the more than a mile-deep
Tongue of the Ocean as the
"experts" had predicted, on
reaching a certain depth, the
ocean's pressure tore the vessel
apart, spilling its contents into the
surrounding waters.
Other outstanding matters that,
in my opinion, will require the
attention of the new director and
his staff, include:
Mothballed radar A $10 mil-
lion refurbished ASR-9 (Air Sur-
veillance Radar) purchased about
a decade ago to replace the air-
port's existing ASR-8, remains
uncommissioned as it needs a $3
million software upgrade before it
can be used by air traffic con-
trollers; New Marsh Harbour Air-
port After decades of planning,
Marsh Harbour Airport the
third busiest in The Bahamas -
remains glaringly inadequate;
despite Abaco being The
Bahamas' third most populous
island, with the third largest econ-
omy after New Providence and
Grand Bahama; Night-flying -
Providing control towers and
communications facilities in vari-
ous Families Islands so that they
can reap the socio-economic ben-
efits related thereto; Blake Road
building Correcting the struc-
tural defects required so that
CAD staff can relocate to this $10
million building from their aban-
doned Customs building in Oakes
Field; Technical Library Such a
facility would certainly be useful
for use by interested members of
the public, including students and
researchers; Overdue accounts -
CAD is owed over $6 million in
rents and land lease payments,
not including, at last report, a con-
servatively-estimated $10 million
owed the department by
Bahamasair for airline.space
rental and landing fees; Overdue
report Despite millions of dol-
lars being lost as a result of flight
and hotel room cancellations dur-
ing the 2005 five-day Christmas-
week outage of the Airport Sur-
veillance Radar (ASR-8), the
report of an official commission
of inquiry into the matter has yet
to be released; New Civil Avia-
tion authority Creation of a Civ-
il Aviation Authority to more
effectively manage the aviation
sector, recognized world-wide as
an important area of national
development, and initially
promised to airport employees
and others around the same time
as the Airport Authority was
formed, still apparently remains
on the administrative backbumer;
'Free-floating' anxiety in CAD -
With the appointment of some-
one from 'outside' the existing
career structure, somehow resolve
the matter of staff concerned
about their own career advance-
ment prospects, which could have
an adverse effect on the overall
productivity of an already deplet-
ed staff complement.
May 28, 2008.

Ingraham's 'badge of honour'

What next

for civil




O In brief

Golfer set to

marry former

tennis champ

in Nassau

and entrepreneur Greg
Norman is set to marry
his fiance, former tennis
champion Chris Evert,
in a lavish ceremony at
the One & Only Ocean
Club in Nassau on June
More than 400 guests,
including celebrities
from all walks life, are
expected to attend the
celebration held at the
location of the latest
James Bond movie Casi-
no Royale.
Norman last year
divorced his first wife
Laura Andrassy after
paying her a $107 mil-
Evert also recently
divorced her husband of
18 years.
The tennis star's ex-
husband Andy Mills was
Norman's best friend.
Norman's net worth is
estimated to be $500

St Anne's

School to host

Scholar's Ball
ALL scholars, parents
and friends of St Anne's
School are invited to
attend the sixth annual
Scholar's Ball on Friday,
June 27.
The event will be held at
the Sandals Royal
Bahamian Resort starting
at 8pm.


Bahamians urged to 'kick C02 habit'

BAHAMIANS are being
encouraged to observe World
Environment Day today by tak-
ing measures such turning off all
unnecessary electrical equipment
and driving less.
The theme of this year's World
Environment Day is "Kick the
CO2 (or Carbon dioxide) Habit".
The Bahamas National Trust
(BNT) is therefore encouraging
all Bahamians to "kick the C02
"Turn off lights in rooms you
are not using, turn down your
water heater thermostat, turn off
electrical components comput-
ers, DVD players and
microwaves when not in use.
Consolidate and plan your

errands so that you spend less
time on the road which results in
savings on gas and replace your
incandescent bulbs with a com-
pact fluorescent bulb (CFL).

"A CFL uses four times less
energy and lasts eight times
longer. If you are looking for a
way to help mitigate climate
change and improve your garden
plant a native tree, not only will
you help to remove carbon diox-
ide from the atmosphere but you
will provide habitat for birds and
other wildlife. These are just a
few of the ways that you can save

energy and help to 'kick the C02
habit'," the BNT said yesterday in
a statement.
To realistically overcome the
challenge of climate change, the
Trust said, efforts to kick the C02
habit must be a global one, "and
this is especially true for the
"The Bahamas is an island
nation that is very low lying and
therefore the prospect of sea lev-,
el rise is a real threat to the liveli-
hoods of all Bahamians.
The largest sources of CO2
production in the world and espe-
cially in the Bahamas, the BNT
explained, are cars and power
"Until recently there were very

AS GUESTS of the resort, students of the Bimini All Age School were treated to a gourmet seafood dinner at
Club Land'or's Blue Lagoon Restaurant. The dinner was a part of their reward from Club Land'or for their
academic achievements.

IN demonstrating its commit-
ment to the Bahamas, especially
in the areas of education and
community service, Club
Land'or's management hosted
high-achieving students from
Bimini at its Paradise Island hotel.
John Ruch, director of corpo-
rate publications at Land'or Inter-
national, said that supporting edu-
cation in the Bahamas is of great
importance to the company. He
added that education cannot be
stressed enough in today's society.
"We want to encourage stu-
dents by rewarding them when
they do well. By their efforts in
Bimini they have earned a trip to
Paradise Island. We wanted to
give them the very best experi-
ence possible to encourage them
to continue to do well," he said.
Fourteen of the top students




from the Bimini All Age School
enjoyed a three-day, two-night
stay at Club Land'or.
Barbara Johnson, teacher at
the Bimini All Age School, said
that the students and chaperons
are "eternally grateful" the hotel's

Prince Ellis, vice-president of
sales and marketing and special
assistant to chairman at Club
Land'or, said the company wants
the students to focus on the posi-
tive side of life.
To encourage the students to
continue in their positive attitudes
towards work and life in general,
the hotel arranged for them to
interact with successful Biminites

from various professional fields
during a dinner at Club Land'or's
Blue Lagoon Restaurant.
Mr Ellis, who is also from
Bimini, emphasised the value of
education, telling the young men
and women that an education is
something no one can take away
from them.
Other Biminites who gave
words of advice were Dressier
Sherman, principal of C R Walk-
er High School; Leslie Brown-
Fox, a manager in the banking
field; Roosevelt Rolle, senior
computer operator; Donica Saun-
ders, an executive assistant;
Rhonda Saunders, an adminis-
trative assistant and Dr Yasmin

few alternative energy options,
but the Bahamas government has
made a commitment to try and
decrease the C02 emissions in
the Bahamas by reducing the
duty on the imports of energy sav-
ing products such as hybrid cars,
compact florescent bulbs and
solar panels," the Trust said.


In observance of World Envi-
ronment Day, the staff of the
Bahamas National Trust will
visit the four National Parks

on the island of New Provi-
At Harrold and Wilson Ponds
National Park, a number of native
trees will be planted in areas
where the Trust has removed
invasive Brazilian Pepper and
This is part of an eco-system
restoration project which is being
implemented not only on New
Providence but on Abaco and
Grand Bahama as well.
The new trees will help cleai
the air, slow global warming and
run-off and provide a habitat for

3utof& tLiM

. .'
*A. **'i

Tel:(242) 341-0449/(242) 341

Fax: (242) 361-1136
"In House Financin
-. Available"
-' -. ,--- ,

> 2003

'Honda Accords)



Toyota Noah

kq5t0, f0Yd

Hondot. iv

Honda kivi
Hqnd AAo'rd
Niss1n0 Cetir,

- Ph: 325-3336

Aew Arimvafs


a ___ .___I.._.._MW ~ ~ ~ ~ ~ __

, -... - I

:r F
~h ~C-rCb~l3kl



Rosetta St.

The idiocy of disqualifying dual citizens

ent on which to draw for
their elected representa-
tives and ministers of gov-
ernment. When their Con-
stitutions prohibit them
from electing their own cit-
izens, who were born and
grew up in their countries,
because they acquire citi-
zenship of other countries,


Sunday School: 10am FUNDAMENTAL
Preaching 11am & 7:30pm EVANGELISTIC
Radio Bible Hour:
Pastor:H. Mills
Sunday 6pm ZNS 2stor
Wed. Prayer & Praise 7:30pm

"Preaching the Bible as is, to men as they are"
Pastor: H. Mills Phone: 393-0563 Box N-3622

Orant's totin Weley otloit Ctjurtlj
(Btlou Hi Rd & Chpe Strs) P.O.Box CB-1304
The Holy Ghost Prayer-Line number is 326-7427

7:00 a.m.
11:00 a.m.
7:00 p.m.

Sis. Nathalie Thompson/Rev. Carla Culmer
Sis. Tezel Anderson/Sis. Jewel Dean
Rev. Carla Culmer/Board of Ministry

>0 Worship Time: 11a.m. & 7p.m.
Prayer Time: 10:15a.m. to 10:45a.m
Church School during Worship Service*

Place: Twynam Heights
off Prince Charles Drive

Minister: Rev. Henley Perry

P.O.Box SS-5631
Telephone number: 324-2538
Telefax number: 324-2587


108 Montrose Avenue
P.O. Box EE-16379, Nassau, Bahamas; Telephone: 325-6432;
Fax: 328-2784; methodistconference@msn.com
Witness Worship)
"Celebrating 225 years of continuous Methodist witness
for Christ in The Bahamas"
SCOLLECT: Almighty God, you have broken the tyranny of sin and
Shave sent the Spirit of your Son into our hearts whereby we call you
SFather. give us grace to dedicate our freedom to your service, that we
and all creation may be brought to the glorious liberty of the children
;of God, through Jesus Christ your Son our Lord. "
S7:00 a.m. Rev. Edward J. Sykes
11:00 a.m. Bro. Colin Newton
|Ave. near Wulff Rd)
7:00 a.m. Bishop Dr. Raymond R. Neilly (Holy Communion)
10:00 a.m. Bishop Dr. Raymond R. Neilly
11:00 a.m. Rev. Brian Seymour
6:30 p.m. Bishop Dr. Raymond R. Neilly
!(Rose Street, Fox Hill)
"1 I 0 a.m. Rev. Leonard G. Roberts Jr./ Women Fellowship
' 11:00 a.m. Bishop Dr. Raymond R. Neilly
.(28 Crawford St, Oakes Field
9:00 a.m. Rev. Edward J. Sykes
|(Fire Trail Rd)
" 5:15 p.m. Rev. Emily A. Demeritte
' 5:30 p.m. Friday Children's Club
* 9:00 a.m. Sunday' Circuit Mission and Evangelism Commission
,METHODIST MISSION CENTRE (Quackoo St) -Thrift Shop and
,'other Ministries
.fField) Reception to Primary
XConference are urged to pray and to fast for Justice to prevail in
the Methodist Cases and for an end to the upsurge in violence. The
fast begins weekly after the evening meal on Thursday and ends at
moon on Friday. This we proclaim unswervingly: "My God and My
'Vision" On the Lord's Day, ZNS 1 at 9 p.m.; "Great Hymns of
'Inspiration" On the Lord's Day,'Radio 810 at 530 p.m.; "Family
Vibes" ZNS 1, Tuesday, 7:30 p.m.; "To God be Ie Glory" ZNS 1,
Tuesday, 7:45 p.m.

(The writer is a business
consultant and former
Caribbean diplomat)

LECTORS in Cari-
cor countries have
a small enough pool of tal-

Labour Party, who were
born in Antigua, relin-
quished citizenship of the
US and Canada.

The identical clause
appears in the all of
Constitutions of the former
British colonies, now mem-
bers of Caricom. It was
inherited from Britain when
each of the countries
became independent and it
has have never been
changed even though the
circumstances of these
countries have changed.
Of course, there is a vest-

It s now well established
that more than 60 per cent of the
tertiary educated nationals of
every Caricom country live abroad,
and they have had to acquire
citizenship of the countries to
which they migrated in order to
live and work."

ate, any person who "is, by
virtue of his own act, under
any acknowledgment of
allegiance, obedience or
adherence to a foreign pow-
er or state."
In most cases, this means
a citizen of the Caricom
country who has acquired
citizenship of another coun-
This is the basis on which
the Courts in Jamaica over-
turned the election of a can-
didate of the governing
Jamaica Labour Party after
the last general elections. It
is also why ii' 1999, canidi-
dates of the Antigua

ed interest by rivals within
political parties and in
opposing parties for this
constitutional provision to
be preserved; it narrows the
competition eliminating
contenders who might be as
well if not better qual-
ified, and who the electors
might prefer.
There are grave contra-
diotions in many of these
Constitutions which point
to the idiocy of this dis-
For instance, in many
cases the Governor-Gener-
al of the country is not
specifically required to be'

N SIR Ronald Sanders


electors are denied the
chance to elect persons
whose knowledge and expe-
rience could enhance the
country's governance.
It is now well established
that more than 60 per cent
of the tertiary educated
nationals of every Caricom
country live abroad, and
they have had to acquire
citizenship of the countries
to which they migrated in
order to live and work.
But, the Constitution of
every Caricom country dis-
qualifies for election to the
House of Representatives
or nomination to the Sen-


Elder Enrico H. Toote
Who graduated from Southwestern
Adventist University, Keene Texas.
wih a B.A. in Theology from his
loving mother Inez Toote, sisters,
-.p IMona Lisa Levarity, Dominique and
Tadzia Toote. Brothers Harrison and
Emikel Toote. Special family and
We love you and God's Blessing

All power is given unto me in
heaven and earth in earth. Go ye
therefore,' 'and teach all nations,
baptizing them in the name of the
Father, and of the son, and of the Holy
Teaching them to observe all things
whatsoever I have commanded you:
And lo, I am with you always even
unto the end of the world. Amen
Matthew 28: 18-20

Emikel H. Toote

University, Morrow Georgia, with a
BBA in Accounting, from his loving
mother Inez Toote, sisters Mona Lisa
Levarity, Dominique and Tadzia
Toote. Brothers Harrison and Elder
Enrico Toote. Special Family and
We love you' and God's Blessings

a citizen of the country. In
the Constitutions of the
Bahamas, Barbados,
Jamaica, Grenada, and St
Vincent and, the
Grenadines, there is no
requirement for the person
holding the office of Gov-
ernor-General even to be a
So, it bizarrely appears
that while the head of state
in these countries can be a
non-citizen or a dual citi-
zen, a member of the legis-
lature or a minister of gov-
ernment cannot.

n the cases of Antigua
and Barbuda, Belize,'
St Kitts-Nevis and St Lucia
while there is a requirement
for the Governor-General
to be a citizen, there is no
disqualification if the per-
son holding this high office
is also a citizen of another
country. And, there is more
than one case in which the
holder of this office is, or
has been, a citizen of anoth-
er country also. So, it's
okay for Governors-Gener-
al but not for legislators.
The Constitutions of
Dominica, Guyana and
Trinidad and Tobago, at
least, impose the same dis-
qualification on their Pres-
idents as they do on their

islature and*'therefore; their
ministers of government.

and have been several
Caribbean nationals in the
legislature and government.
Their oath of office,
rather than the number of
nationalities they hold is
what makes them account-

Responses to:

- lxera -~~afnu -~O


However, a further con-
tradiction in all of the Con-
stitutions is that if a for-
eigner acquires citizenship
of a Caricom country, he is
not required to renounce
the citizenship of the coun-
try of his birth and he qual-
ifies to be a legislator and a
government minister.
So, a person who was
born and grew up, say in
Syria or Iran, but who has
acquired citizenship of the
Caricom country, can
become a member of the
legislature and government
- and even head of gov-
ernment, but a person who
was born in the Caricom
country and grew up there
is disqualified if, of neces-
sity, he acquired citizenship
The assumption here
seems to be that the person
who has acquired citizen-
ship is more loyal to the
country whose citizenship
he has acquired than to the
country in which he was
born and grew up.
There is, of course, the
argument that if a person,
born in a Caricom country
but who has acquired
another citizenship, wants
to be elected to the legisla-
ture and become a govern-
ment minister, he can relin-
quish his acquired citizen-
But, the same argument
does not apply to the per-
son who was born outside
of the Caricom country.
And while the constitu-
tions of Caricom countries
discriminates against their
native citizens whose dual.
citizenship is permitted,
Caricom governments are
happy for the remittances
they send home to help
keep the economies afloat
and to maintain social and
political stability.
In 2006, remittances to
Barbados was 9.4 per cent
of its GDP, St Lucia 10.4
per cent, Belize 11.4 per
cent, Antigua and Barbuda
12 per cent, Dominica 18
per cent, Jamaica 18.3 per
cent, St Kitts-Nevis 18.5 per
cent, St Vincent and the
Grenadines 26.4 per cent,
Guyana 30.1 per cent, and
Grenada 31.2 per cent.

Additionally, Cari-
com governments
not only actively seek the
assistance of their dual citi-
zens abroad to lobby for
their countries interests in
capitals such as Washing-
ton, London and Ottawa,
they also openly encourage
them to invest money in
their native countries.
Some political parties
also campaign amongst
their dual citizens urging
them to encourage their
dependents at home to vote
for them.
On this matter of dual
citizenship, serious reflec-
tion on Constitutions of
Caricom countries is
required to face up to cur-
rent realities.
Dual nationals may want
to keep their acquired citi-
zenship for very good rea-
sons; it does not make them
less loyal to their country
of birth and should not dis-
qualify them from the leg-
islature or government.
Of far more importance
than whether a citizen is a
dual national or not is the
oath of office that he would
be required to take as a leg-
islator or a minister of gov-
ernment, and the machin-
ery that is in place to
enforce it.
Just as a Governor-Gen-
eral can be a dual national
but must adhere to the oath
of office to defend and pro-
tect the country, it surely is
time for the same standard
to apply to parliamentari-
ans and government minis-
Many Caricom nationals
now serve or have served
- in legislative and govern-
ment ministerial positions
In the UK, there are -






Specialist officers to protect the judiciary


BEING born to Bahamian
parents qualifies us to be
called Bahamians.
Our claim to this title
strengthens if we grew up in
the Bahamas, attended
Bahamian schools, and know
what the "rush of Junkanoo"
feels like. But what is in a
title? What do we mean when
we say: "I am a Bahamian?"
This question is not easily
answered, because it goes to
the heart of our identity; and
we each define ourselves dif-
And yet there are some
things we can agree on. A
Bahamian should be someone
who loves the land he walks
on. He or she may not like the
state the land is in, but loves
the land itself. A Bahamian
does not simply live in The
Bahamas, he or she is a part of
the Bahamas; its culture, its
rhythm, its hopes, its failures,
its growth, its discourse, its
vision its soul.
The true Bahamian has a
sense of national pride, not
solely in himself or his
achievements, but in the
potential that lies within the
people of the Bahamas as a
collective entity.
This true Bahamian sees
this potential not only in edu-
cated and well-connected
Bahamians, but also in
Bahamians who are less fortu-
nate and distressed; indeed, he
sees potential in all Bahami-
ans, because he perceives that
every Bahamian is somehow a
part of his identity.


It is wonderful that we
cheer on our athletes when
they do well on the national
stage. Our collective pride
comes through in such
moments. But pride has ill
effects when it is fuelled only
by achievement. We must also
cheer on those Bahamians
who are.sick and hurting. We..
should take pride in fixing our
streets, landscaping our parks,
and educating our children.
Our pride should be fuelled
by a desire to see all Bahami-
ans prosperous and healthy.
Our identity as Bahamians
will not and cannot be the
same. My experience living in
the Bahamas is not yours. Our
circumstances are unique.
What makes us Bahamians
is not so much our experiences
or even our beliefs, but our
common vision of the
Bahamas as a unique place
where a unique set of people
are living out their fears and
The Bahamas is a young
nation and therefore our
national identity is still being
moulded. This gives us all
Bahamians countless
opportunities to speak and
behave in ways that will
inspire the generation behind
us to embrace ideals that fos-
ter unity between Bahamians
of all walks and stripes.
Every Bahamian, regardless
of their race, religion, or poli-
tics, is a part of the unfolding
Bahamian story. How this sto-
ry develops depends on the
strength our character, our
commitment to the common
good, and our courage to do
what we know to be right.
As Bahamians, we share a
common destiny. If we are
unified, refusing to be distract-
ed by petty differences, we can
come to exemplify, as a
nation, the best of what it
means to be a Bahamian.

* By MATT MAURA II- "ot-


-.. I
- -

LAW enforcement and
national security officials in the
Bahamas took a "pro-active"
step towards ensuring the con-
tinued safety of judges follow-
ing the graduation of 15 spe-
cialist officers from a police-
sponsored training course for
protection officers for the judi-
The 15 graduates, past and
current members of the police
force, will be responsible for
ensuring that there are no
"breaches or interference"
with the judiciary or agents of
the courts in the dispensation
of justice.
The officers received spe-
cialist training in a number of
areas that will assist them in
the execution of their duties.
Minister of National Securi-
ty Tommy Turnquest said
while law enforcement officials
in the Bahamas have not had
to deal with deliberate threats
to the judiciary in the past, ille-
gal activities resulting from ter-
rorism, trans-national crime
and criminality including
drug and arms trafficking and
human smuggling and traffick-
ing "bring grave challenges
and problems with them out-
side of our country."
"Whether we look at our
own media here in the
Bahamas or at the foreign
press, we are made keenly
aware of the compelling
human tragedies happening all
around the world," Mr Turn-
quest said.
"We all know that respect
for our laws and regulations,
values and traditions has
decidedly diminished over the
years," Mr Turnquest contin-
ued. "A critical downside of
this is the significant increase

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ate targeting of our law
enforcement officers and Jus-
tices a matter with which we
are familiar in our country. Let
me assure you that we must do
whatever it takes to keep it
that way," the minister
Mr Turnquest told the 15
new protection officers that the
safety and security of the mem-
bers of the judiciary and the
agents of the courts is "unques-
tionably" important to
the effectiveness of the
country's criminal justice sys-
He said that during their
time on the police force, they
would have gained extensive
knowledge of, and experience
in, policing in the Bahamas
and that their "police senses
and law enforcement intuition"
would have become highly
Minister Turnquest said that
the specialty training they
undertook has provided them
with the tools to deal with mat-
ters that are, to all intents and
purposes, out of the ordinary.

ii :~



U.S. News

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"Training and re-training are tive grounded in today's reali-

the hallmarks of continued
efficiency and effectiveness in
any discipline, but particularly
in areas concerning the safety
and security of people," Mr
Turnquest said.
"The essence of this train-
ing, therefore, was to provide
you with the additional train-
ing and skills needed to do
extraordinary work. From this
point of view, your training as
protection officers is an initia-

"It is my hope that your
training will enhance your
capacity to think strategically
about the security and safety of
our judges and that it will
sharpen your awareness of the
myriad of threats in our
volatile world.
"Threats to which countries
and individuals such as those
that uphold the law, can be
exposed," Mr Turnquest said.



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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
If so, call us on 322-1986
and share your story.




I nunrouvn JUrIC -, zuuo, r-muc /

in crime and criminality and
the fear of crime we have suf-
fered as a consequence.
"It is good that, notwith-
standing our trans-national and
national crime problems, we
have never experienced a cat-
astrophic encounter with ter-
rorism. Neither is the deliber-




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15-year-old boy in court in

connection with fatal stabbing

FROM page one
they crossed another gang of boys who report-
edly asked if Joel was from Nassau Village,
before he was fatally stabbed in the chest.

The 15-year-old arraigned in court yesterday
was not required to plead to the charge. The
juvenile, represented by attorney V Alfred
Gray, was remanded to the Boys Industrial
The case was adjourned to July 18.

FROM page one
Appearing in its June 3 edi-
tion, the article highlighted
Mrs Pratt as one of the
"worst" Members of Parlia-
ment in terms of their atten-
dance record.
While the article said its
information was provided by
attendance records of the
House of Assembly, House
clerks also reportedly took "a
mental note" of members who
showed up to take attendance
and left afterwards.
However, Mrs Pratt cried
shame on this grading exer-
cise, stating that if she was to
be graded for her attendance
in the House of Assembly, she
must be graded from the first
year she came, in 1997, until
"Over the past year, every-
one knows that I have been
ailing back and forth, so when-
ever I was not in parliament it
was because I was not feeling
"Based on what I saw, a list
given about my absentees, I
certainly do not support this

list because it says that I
missed the budget last week,
and I have never missed a
budget week," she said.
This error in attendance is
easily explained, Mrs Pratt
said, as she often left the
chamber and sat in the Oppo-
sition Room downstairs where
it was more comfortable for
her upper hip, which is affect-
ed by tendonitis.
"The question is, what is
present and what is absent?
Because members come in,
register their names and leave
for the entire day. So are they
present or are they absent? I
saw members from the other
side come in, register their
names and leave. But why
wasn't a story written about
"All of my colleagues, on
both sides of the fence, know
that I am a person who
attends parliament. I am
always here. And I think it is
bad reporting when you don't
come and speak to someone,
especially if you are saying
that someone has a very bad
record and you don't know

why they were not there," she
There was also another
inaccuracy in the story, Mrs
Pratt said, where it indicated
that Mr Anthony Moss was
the MP for Exuma for the
FNM, when in fact he is an
MP for the PLP.
In addition to Mrs Pratt,
PLP MP for San Salvador and
Cat Island Philip Davis was
listed as one of those with the
"worst" record in parliament.
However, as Mrs Pratt
pointed out again, Mr Davis is
busy dealing with the PLP's
Election Court challenge, and
not simply "skipping out" on
parliament sittings.
"The whole nation knows
he is dealing with the Election
Court so how can you judge
his past record? You know
where Phil is," Mrs Pratt said.
"It is just terrible when peo-
ple write reports and don't
come and ask someone,
because it is not a correct ref-
erence of my tenure in the
House. To me it looked like
it's a political thing, and I
don't like that," she said.

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St Cecilia Urban Renewal Band is re-launched

THE St Cecilia Urban Renewal Liveable
Neighborhood Band was re-launched in the
presence of proud parents, the community and
government officials at a ceremony last week.
The programme's centre manager Robertha
Rolle Walker restarted the band in February
with 17 children attending the first practice.
That number has now grown to 40 members.
Co-ordinator for the programme in New
Providence Ella Lewis said the Urban Renew-
al Liveable Neighbourhood Programme takes
very seriously its responsibility to the people of
St Cecilia and to those living in all urban areas.
"We plan to work with you and we will try as
best as we can to save our children," Mrs Lewis
said, "Our children are all we have and if we
lose them, we lose everything."
Mrs Lewis explained that if the Urban
Renewal Programme can help save the chil-
dren who are band members, then it is working
towards saving the country.
She added: "We want more and more of the
children to come and be a part of the band, be
a part of learning, be a part of growing and
developing, because when we are too old to
continue the work, they will take our places

and they will do the work we started."
She said the programme and the community
will have failed if the youth continue to die due
to violence, drugs and other ills in society.
Mrs Lewis told the band members that they
are not only learning how to play an instru-

"You are learning how to discipline your-
self. You are learning how to be a team and
teamwork is important. On every job you go on
you need to know how to work as a team,
because if you work as a team the work is eas-
ier to do."
Mrs Walker said she believes that band mem-
bers "will not go out there and do foolishness".
She encouraged parents in the community who
do not have their children in the band to get
them to join because it brings order.
Mrs Walker explained that the members
received their instruments from the govern-
ment, and that the T-shirts they wear are donat-
ed by community residents Peter Kemp and
Michael McKenzie.
The band instructors Melvin Colebrooke,
Normon Solomon and Stephan Barr

are volunteers.
"When I started to restart the band," Mrs
Walker said, "I asked a gentleman to help out
and he assured me that he would, but the day
for the first practice he did not show up.
"So I restarted the band on my own. After
three weeks of working alone, these persons'
came and told me that they would like to help
me with the band.
"They were faithful and they come out to
practice. You do not have to call them. I give
God thanks, because very seldom do you find
young men who devote their lives to helping like
While both Mrs Walker and the community
are proud and support the band, they also want
the children to do well academically.
She encouraged the children to achieve at
least a 2.0 or higher GPA. Mrs Walker has
already seen a positive outcome as band mem-
bers rush to the centre to get help with their
homework before band practice on Mondays
and Tuesdays.
During the ceremony the band played several
selections for proud members of their com-
munity. Father Rodney Burrows of Christ the
King Anglican Church prayed for the instru-


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- -




Government willing to

buy the Port Authority

FROM page one
May," Mr Ingraham said.
"In addition to Grand Bahama's eco-
nomic dilemma, the island is also chal-
lenged by the continued warring between
the principals of the Grand Bahama Port
Authority. This has further demoralized
the business climate in Freeport and
indeed around Grand Bahama.
"I might advise that I indicated to one
of the principal shareholders of the
Grand Bahama Port Authority, Sir Jack
Hayward, that the Government of the
Bahamas cannot wait much longer for
them to settle their dispute and the Gov-
ernment is willing to buy the Port

Authority. We cannot wait for an indef-
inite period for them to settle their dif-
ferences. The Government of the
Bahamas is willing to buy the Grand
Bahama Port Authority and get Grand
Bahama moving again," Mr Ingraham
Echoing the importance of this deci-
sion, Minister of State for Finance
Zhivargo Laing told The Tribune yester-
day that this announcement by the Prime
Minister was "hugely significant."
"What it says is that the government,
regards Grand Bahama's growth and
development as so significant to the over-
all growth and development of the
Bahamas that having a dilemma such as
we have had in terms of the division

between the port's principals is not con-
ducive to that growth and development
"So if it is required to bring that to an
end, that the government acquires the
Port Authority then the government is
prepared to do that. That is a huge, huge
commitment on the part of the govern-
ment for the interest of Grand Bahama,"
Mr Laing said.
When asked then what price the gov-
ernment was contemplating on paying
for the Port Authority, Mr Laing said
that he honestly could not say.
"I couldn't say. I really couldn't say.
Clearly the government, given the intel-
ligence it has in respect to the matter is
prepared to pay even that; whatever it
is," he said.


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The Bahamas is a 'special case' yet agali

in US Trafficking in Persons Report

FROM page one
These include the enactment of specific anti-trafficking legislation
the development of a pre-deportation mechanism to identify tral
picking victims among undocumented migrants and detainees, an
increased anti-trafficking training for local officials.
"The Bahamas may be a destination and transit country fo
men, women and children trafficked for the purposes of force
labour and commercial sexual exploitation," said the report.
"A large proportion of the country's population consists of
undocumented Haitian immigrants, with estimates ranging fro4
30,000 to 60,000, some of whom may be subjected to conditions of
involuntary servitude."
The reports said that though the majority of migrants are domes~
tics and labourers, "many are reported to be exploited by Bahami-
an employers who can coerce them to work long for no pay by with-
holding documents or threatening arrest and deportation."
The US also observes that the Bahamas has "extremely limited"
services'for trafficking victims, but recommends that domestic vio-
lence services could be expanded to cover women and child traf-i
ficking victims.
The United States estimates that each year, about 800,000 pep-
ple are trafficked across national borders, not including the million
trafficked within their own countries.

PM: govt intends to help those'
struggling to pay mortgage

FROM page one
While omitting to go into fur-
ther details, the Prime Minister
said this will be done through
the creation of a programme,
in consultation and collabora-
tion with mortgage lenders.
"We want to eliminate suf-
fering, in legitimate cases
because we'd like to assist as
many people as possible to con-
tinue to own their own

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homes...and to increase hom
ownership in general," said Mi
While wishing "to bring relief
to as many persons as possible"
he said the government will pri-
oritise helping those individu-
als who have "normally prop-,
erly serviced their mortgages
but who developed problems as,
a result of temporary lay-offs,
severance or illness."
Asked to comment further
on the substance of the pro-.
gramme, minister of state.
Zhivargo Laing said he had nc
further comment at this time,.
but more information would b'
forthcoming at a later date. 'I
An increasing number of
Bahamians are struggling t6
repay mortgages and reposses-
sions are becoming more come
mon something that William'
Wong, president of their
Bahamas Real Estate Associari
tion, said this week he found;
"alarming." i
"It's terrible to see what's,
happening," he told another,
local daily.
Bahamians, like many world
wide, have been hit hard by
inflation, in the face of rising
oil and food prices in particular,
making it harder to meet finan-
cial obligations.


Thursday, June 5, 7:00-9:00pm
St. Francis Xavier Cathedral, West Street, Nassau

cii With the sponsorship of the John Templeton
Foundation, Immaculee Ilibagiza, an ethnic
Tutsi and a survivor of the horrors of the 1994
holocaust in the Central African republic of
Rwanda, is coming to Nassau. Immaculee, author
S*of the inspiring book Left to Tell: Discovering
S God Amidst the Rwandan Holocaust (Hay House
Publisherss, will share the remarkable story of her
91 days in hiding from murder gangs, from which
1 she emerged with a great spirit of understanding
l and forgiveness that allowed her to pardon those
who massacred her parents, two of her three
brothers and other members of her family. This
is an unforgettable story offering hope for all
I" l who live in these challenging times. Left to Tell
is available at Logos, Harbour Shopping Centre and
Chapter One, Thompson Boulevard.

FOR FURTHER INFORMATION, contact Eileen Fielder
at The Counsellors Ltd at Tel: 322-7505/1000.
Or visit us at www.lefttotell.org.bs




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_______________________________________ 0 ESS; A -) >*
HER MAJESTY'S PRISON held its Employee of the Quarter Awards Ceremony at the prison's correctional
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Rolle, Prison Supt Dr Elliston Rahming, ASP Raymond Julien, ASP Stevenson Smith and Officer Daphne I 11
Nixon. Standing from left are Sgt Timothy Sturrup, Cpl Foster Ferguson, Officer Dwayne Forbes, Cpl Rexville
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Albany's environmental manager 1

i receives CIWEM certification

- ROCHELLE Newbold,
environmental manager of the
$1.3 billion Albany communi-
y on New Providence, is one
of the first Bahamian women
to acquire certification as a
charted scientist by the Char-
tfred Institution of Water and
Environmental Management.
Newbold is one of only six
Bahamians to receive the cer-
tification, along with Stacie
lyloultrie, an environmental
consultant for Albany.
- The Chartered Institution
of Water and Environmental
Management (CIWEM) is an
independent professional
body and a registered charity
ih the United Kingdom,
advancing the science and
practice of water and envi-
rbnmental management for a
clean, green and sustainable
Y CIWEM has thousands of
i embers in nearly 100 coun-
tr.es, working with local
authorities, water companies,
regulatory bodies, govern-

ments, universities and the pri-
vate sector.
The certification process
involved consideration of aca-
demic qualifications and min-
imum years of relevant work
experience as well as an in-
depth professional review
including an interview with
the organisation's board mem-

"We are very proud of
Rochelle for this impressive
accomplishment," said Dr
Tyrone McKenzie, vice presi-
dent of Albany Development
Limited. "This certification is
an indication of Rochelle's dri-
ve and dedication to the envi-
ronment and we couldn't be
more fortunate to have such a
well-qualified member on our
Newbold joined Albany in
March and is responsible for
monitoring and ensuring

Albany's environmental com-
mitments are in compliance
with the terms and conditions
set for the development by the
BEST Commission and the
"We are honoured to have
Rochelle on our team, serv-
ing as Albany's key advocate
for the environment," said
Christ9pher Anand, Albany's
managing partner. "Rochelle
is highly respected and joins
an esteemed group of envi-
ronmentalists with her
CIWEM certification."
"With a master of environ-
mental management degree
from Duke University and
bachelor degree in marine
biology from the University
of North Carolina at Wilm-
ington, Mrs Newbold is
respected through the Com-
monwealth and within the
environmental field as a
strong environmentalist and a
passionate guardian of the sea
and coastal eco-systems" said
Albany in a statement.

Marina Village at Atlantis is where local Caribbean
culture comes to life. Shop in over twenty duty-free
boutiques featuring fine jewelry, perfume, original
art and luxury resort wear. Or find a treasure in one
of many carts brimming with local,handmade crafts
and treats. Dine in one of five unique eateries, taste
authentic Bahamian fare at Bimini Road, or indulge
in the creations of world-renown chef Jean-Georges
Vongerichten at the historic Caf6 Martinique or
sample homestyle Italian dishes at Carmines, a
New York dining institution.

--A+ T --LA

For more information, visit Atlantis.com

June 30, 2008

With a $50 purchase from selected brands

4 Round trip airfares to Orlando, FL

5 day, 4 night Hotel

Stay at a selected Disney Resort

4 tickets to Magic Kingdom

4 tickets to Sea World

$200 Spending Cash

What does CK stand for?

Selected Brands include: Davidoff, Jennifer Lopez, Sarah Jessica Parker, Baby Phat, Gwen Stefani,
Kenneth Cole, Calvin Klein, Marc Jacobs *excluding Daisy, Phat Farm and Joop
SRESTRICTIONS APPLY Trip must originate from the Continental U.S. and/or Bahamas Any Visas need are responsibility of the winner to obtain
Winner must book within one year of prize received Black out dates apply




- A



Z on the
S tce

0 SpOt

S a s oit .t


VIN# A32-123877

Shop Online at:

,www. preownedbahamas.com

Via Drop Box Drawing
for any pre-owned vechic
that is purchased during t
B Month of JUNE 2008.
Drawing will be held
July 1st, 2008 @ 12:00 p.
Certain Restrictions Appl

special of the We
Nissan Honda
Sunny's Sabres/Insp
Starting at Starting
$4695.00 $5695.0


7 7"

S Thompson Blvd. Phone: 325-0881/2j


From June 1st









14 h,7Ii all] .**

The Bahamas Electricity Corporation ("BEC") is seeking for proposals from Companies / Entities/
Firms ("Tenderers") interested in producing electrical power from renewable sources'on one of the
islands within BEC's area of supply.

Tenderers wishing to submit proposals for this project will also be required to submit
comprehensive details to allow the following areas to be evaluated for pre-qualification: -

i) Experience and past performance of the company on similar projects.
ii) Capability of the company to undertake the project with respect to personnel,
equipment, structure, organization and financial resources

Documents may be obtained by contacting the address below no later than 4:00 PM on
9th June, 2008.

All documents must be prepared in English and every request made for the documents must be
accompanied by a non-refundable application fee of US$100 if applying from outside the
Bahamas and B$50 if applying from within the Bahamas. Documents may be sent by electronic
mail. The method of payment will be by cashier's check or wire transfer to a specified
bank account.

Completed documents must be received no later than 4:00 PM EDT, 21st July, 2008 at the
following address:

Kevin Basden,
General Manager
Bahamas Electricity Corporation,
Executive Offices
P.O. Box N-7509, Nassau, Bahamas.

Renewable Technologies Committee (RTC)
E-Mail: Rtc@Bahamaselectricity.com
Fax: +1 (242) 323 6852

Label Envelope
Request For Proposals: Renewable Energy -Power Generation
Implementation Project

All decisionsf'the, coipoation will be final. .. '
Lie ii ii ii i IIIIII I I II i ii ii ii ii ii i iiii

FROM page one
lege professor Dr Thaddcus McDonald.
"I think most people in and out of the gay com-
munity believe there is a link (between the four
murders). I think most people in the community
don't think that these are random attacks, they
are not fearing this is a spree killing or random
Yesterday, Inspector Christopher Wright said
police had no evidence to link any of the murders.
"We have no evidence to suggest that all the
matters are linked. Mind you, that may be the
case, but today we cannot say that they are linked
so we have to treat this as an isolated matter
until we prove otherwise."
Forensic evidence left at the gory crime scene
is being processed and compared to evidence col-
lected at the other scenes and may be sent to
international crime labs for further processing,
Insp Wright said.
Police are also investigating tips from the pub-

Call for special task force
lic who may have seen suspicious activity at the
time of the murder, he said.
Marvin Wilson, the country's 31st murder vic-
tim and a rumoured homosexual, was stabbed to
death at his apartment in the early hours of June
Around 12.30am, dressed in boxer shorts and
socks, he ran to upstairs neighbours for help
screaming that he had been stabbed. He died at
hospital a short time later.
Police said his apartment showed no signs of
forced entry but forensic evidence indicates there
was a struggle.
Last week, the body of Wellington Adderley,
51, was found in his apartment. His throat was
reportedly slit.
Six months ago Taylor and McDonald were
found murdered in their respective homes.
All men were reported homosexuals.

Law firm marks 12 years

as teaching award

THE law firm Higgs and John-
son has marked 12 years as the cor-
porate sponsor of the national H
and J Excellence in Teaching award.
* The firm said the award is an
effort to recognize teachers for their
outstanding contributions in the field
of education.
The award, presented this year
to winner Marcia D Musgrove of C
V Bethel Senior High School, is a
cash prize that rewards educators
who exemplify excellence in the
teaching profession and leadership
In presenting this award, Higgs
and Johnson managing partner John
K F Delaney said: "Higgs and John-
son recognizes the paramount
importance of a quality education.
"Essential to this process are
those dedicated educators whose
commitment to the development of
their students and to providing capa-
ble and committed leaders for our
young nation enables us to move
forward with confidence in an ever
more competitive global environ-
"We are proud to support the
National Teacher of the Year pro-
gramme and we are happy to be
able to contribute to the further-
ance of educational achievement
through the H and J Excellence in
Teaching Award.
"Higgs and Johnson recognizes
the continued need for the National
Teacher of the Year Prograi me
which focuses public attention on
excellence in teaching and salutes
Ms Musgrove for being selectedfor
this major honour."

EX C UTIVE Auto Mall, Shirley Street iapp St MiitheCN Chiurvh)
EXECUTIVE Open Mon to Fri 8am 5:30pm
M TOSaRgam-12 noon
MOTORS LTD Tel: 397-1700
L-mail: execmotor@batelnet.bs
ALUI'IORISED TOVOTA DEALER Parts and service guaranteed
Available in Grand Bahama at Quality Auto Sales (Freeport) Queens Hwy, 352-6122 Abaco Motor Mall, Don MacKay Blvd, 367-2916
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' :4e1r i;: ~r .~,

-- - -r -


e ffI




KPMG lelephone 242 393 2001
PO Box N t23 Fax 242 393 1112
Montague Sterling Centre Interne www.kpmg combs
East Bay StrIet
Nassau. Bahamas


To the Shareholder of HSBC International (Bahamas) Limited

We have audited the accompanying balance sheet of HSBC International (Bahamas) Limited
("the Bank") as at Decbmber 31, 2007, and a summary of significant accounting policies and
other explanatory notes (together "financial statement"). The financial statement of the Bank as
at December)ll, 2006, was audited by other auditors whose report dated July 3, 2007, expressed
an unqualified opinion on that statement,

Managemnen 's Responsibility for the Financial Statement

Management is responsible for the preparation and fair presentation of this financial statement in
accordance with International Financial Reporting Standards ("IFRS"). This responsibility
includes: designing, implementing and maintaining internal control relevant to the preparation
and fair presentation of the financial statement that is free from material misstatement, whether
due to fraud or error; selecting and applying appropriate accounting policies; and making
accounting estimates that are reasonable in the circumstances.

Auditors' Responsibility

Our responsibility is to express an opinion on this financial statement based on our audit. We
conducted our audit in accordance with International Standards on Auditing. Those standards
require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance whether the financial statement is free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statement. The procedures selected depend on our judgment,
including the assessment of the risks of material misstatement of the financial statement, whether
due to fraud or error. In making those risk assessments, we consider internal control relevant to
the Bank's preparation and fair presentation of the financial statement in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Bank's internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates, if
any, made by management, as well as evaluating the overall presentation of the financial

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinion.


In our opinion, the financial statement presents fairly, in all material respects, the financial
position of the IISBC International (Bahamas) Limited as at December 31, 2007 in accordance
with IFRS.

Emphasis ofMatter

Without qualifying our opinion we emphasize that this financial statement does not comprise a
complete set of financial statements prepared in accordance with IFRS. Information on results of
operations, cash flows and changes in equity is necessary to obtain a complete understanding of
the financial position, performance and cash flows of the Bank.

Nassau, Bahamas
May 30, 2008

Balance Sheet
December 31,2007, with corresponding figures for 2006
(Stated in United States dollars)

Note 2007 2006


Due from banks:
Demand deposits 4,5,6 $ 7,249,927 20,134,924
Time deposits 4, 5, 6 89,815,689 70,800,000
97,065,616 90,934,924

Investment securities 4 .- 220,770

Loans 7 27,296,130 65,389,387
Less: allowance for loan losses 7 (4,102,213) (22,374,844)
4 23,193,917 43,014,543

Property, plant and equipment 8 106,826 137,833

Accrued interest receivable 4.6 2,191,954 2,279,126

Other assets 53,045 65.694

$ 122,611,358 136,652,890,

Note 2007 2006

Liabilities and Shareholder's Equity

Deposits from clients:
Demand deposits 4 $ 53,061,013 57,384.433
Time deposits 4, 6 35,551,855 57,530,09.
88,612.868 114,914.524
Due to bank demand 4 577,939
Accrued interest payable 4, 6 185,657 462,928
Other liabilities 4, 6 8,444,447 263,370
97,242,972 116,218,761
Shareholder's Equity .
Share capital:
Authorized 20,000,000 shares of
par value US$1 each:
Issued, outstanding and fully paid
11,000,000 shares 11,000,000 11,000,000
.Capital reserve 9,008,585 9,008,585
Retained earnings 5,359,801 425,544
25,368,386 20,434,129

Commitments and contingencies 9

$ 122,611,358 136,652,890

See accompanying notes to balance sheet.

The balance sheet was authorized for issue by the Board of Directors on May 30, 2008, 2008 by:


Notes to balance sheet

Year ended December 31, 2007
(Expressed in United States dollars)

1. General Information
HSBC International (Bahamas) Limited formerly Banistmo International (Bahamas), Ltd.
("the Bank") was incorporated in.the Commonwealth of The Bahamas on March 28, 1989
and is licensed under The Banks and Trust Companies Regulation Act, 2000 to carry on
banking and trust business from and within The Bahamas. The principal activities of the


Bank are commercial and retail banking. The Bank is a wholly-owned subsidiary of Primer
Banco del Istmo, S.A. ("the parent company") which is incorporated in the Republic of
Panama and in turn is a wholly-owned subsidiary of HSBC Bank (Panama), S.A., formerly
Grupo Banistmo, S.A. also incorporated in Panama. HSBC Bank (Panama), S.A and its
subsidiaries are referred to collectively as the Group. The ultimate holding company is
HSBC Holdings pci, incorporated in England.
The registered office of the Bank is located at Suite 302, Centre of Commerce, One Bay St.,
Nassau, Bahamas with its principal place of business located in Panama.

2. Basis of preparation and significant accounting policies
(a) Statement of compliance

Financial assets with fixed maturity dates that the Bank has the positive intent
and ability to hold to maturity are classified as held-to-maturity assets and
include interest bearing time deposits.
Loans are non derivative financial, assets with fixed or determinable, payments
that are not quoted on an active market. Financial assets that are due from banks,
accrued interest receivable, loans and other assets are classified as loans and
Investments in unlisted securities are classified as available-for-sale securities .
Financial liabilities that are not at fair value through profit or loss are due to
bank, other liabilities, accrued interest payable and deposits liabilities.
(ii) Recognition and derecognition
The Bank initially recognizes loans and deposits on the date that they are
originated or accepted, as applicable. All other financial assets and liabilities are
initially recognized on the trade date at the time the Bank becomes a party to the
contractual provisions of the instrument.
A financial liability is derecognized when such obligation is discharged,
cancelled or expired.
(iii) Measurement
Loans and receivables and demand deposits are measured at amortized cost less
impairment losses where applicable using the effective interest rate method as of
the balance sheet date,. Financial assets that are stated at amortized cost are
reviewed at each balance sheet date for impairment.- Financial liabilities that are
not at fair value through profit or loss are carried at amortized cost using the
effective interest rate method.
Management establishes fair value of available-for-sale securities that do not
have a quoted market price in an active market and whose fair value cannot be
reliably measured by using valuation techniques, 'which include the use of recent
arm's length transactionS, discbunted cash flow analysis and other valuation
techniques commonly used by market participants.
(e) UWe of estimates and judgements
The preparation of the balance sheet in conformity with IFRS requires management to
make judgements, estimates and assumptions that affect the application of accounting
policies and the amounts reported in the balance sheet and the accompanying notes. The'
estimates are based on relevant information available at the balance sheet date and as
such, actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognized in the period in which the estimates are revised and
in any future periods affected.
In particular, information about significant areas of estimation uncertainty and critical
judgements in applying accounting policies that have the most significant effect on the
Amount recognized in the balance sheet is described in note 2 (g) and (j).

(f) Loans.
Loans are reported at.their principal amounts outstanding, less the allowance for loan
Restructured loans consist of financial assets whose original terms and conditions, such
as interest, monthly instalments or guarantees have been modified due to financial
difficulties of the debtor.
(g) Allowance for loan losses
The Bank uses the reserve method to provide for loan losses.
Loans receivable are presented net of reserve for loan losses on the balance sheet.
Whenever a loan is determined to be non-recoverable, the non-recoverable amount is
charged to the mentioned provision account. Recoveries of loans previously charged off
as non-recoverable, are credited to the provision for loan losses.
When a loan is uncollectible, it is written-off against the related provision for loan losses
Such loans are written-off when all the necessary procedures have been completed and
the amount of the loss has been determined.
Impairment losses are determined following two methodologies; firstly to assess whether
objective evidence of impairment exists, that is, individually for loans that are
individually significant. Secondly, assets that are not individually significant are then
collectively assessed for impairment by grouping together.,financial assets with similar
risk characteristics.
Individually assessed loans
Impairment losses on individually assessed loans are determined by an evaluation
of the exposure on a case-by-case basis. This procedure is applied to all.loans,
whether individually significant or not. If it is determined that no objective
evidence of impairment exists for an individual loan, it is included in a group of
loans with similar credit characteristics and collectively assessed for impairment
The impairment loss is calculated by comparing the present value of the expected
future cash flows, discounted at the original effective interest rate of the loan, with
its current carrying value. The carrying amount of impaired loans is reduced
through the use of a provision account.
Collectively assessed loans
For the purposes of a collective evaluation of impairment, loans are grouped on the
.basis of similar credit risk characteristics. Those characteristics are relevant to the
estimation of future cash flows for groups of such assets by being indicative of.the
debtors' ability to pay all amounts due according to the contractual terms of the
assets being evaluated.
Future cash flows .in a group of loans that are collectively evaluated for impairment
are estimated on the basis of the contractual cash flows of the assets in the group,
historical loss experience for assets with credit risk characteristics similar to those
in the group and management's experienced judgment as to whether the current
economic and credit conditions are such that the actual level of inherent losses is
likely to be greater or less than that suggested by historical experience.
Reversals of impairment
If, in a subsequent period, the amount of the impairment loss decreases and the
decrease can be related objectively to an event occurring after the impairment was
recognized, the previously recognized impairment loss is reversed by reducing the
loan impairment provision account.
(h) Cash and Cash Equivalents
Cash and cash equivalents include highly liquid financial assets with original maturities
of less than three months, which are subject to insignificant risk of changes in their fair
value, and are used by the Bank in the management of its short-term commitments.
Cash and cash equivalents are carried at amortized cost in the balance sheet.
. (i) Property, plant and equipment
Property, plant and equipment are measured at cost less accumulated depreciation and
provisions for impairment losses.
The estimated useful lives for the current and corresponding periods are as follows:
Leasehold improvements 10 years
Equipment and furniture 5 years
Property, plant and equipment are periodically reviewed for impairment Where the
carrying value of a fixed asset is greater than its estimated recoverable ai,ount, it is
written down immediately to its recoverable amount.

The balance sheet has been prepared in accordance with International Financial
Reporting Standards ("IFRS"Y. The accounting policies set out below have been applied
consistently to all periods presented in the balance sheet.
The adoption of IFRS 7 and the changes in IAS 1 had an effect on the presentation of
some disclosures in the balance sheet. In accordance with the transition requirements of
these standards, the presentation of corresponding financial information is required.
However, due to he effects of the acquisition of Grupo Banistmo, S.A.'s operations, the
controlling entity of Primer Banco del Istmo and HSBC International (Bahamas) Limited,
by HSBC Asia Holdings'BV, there was a change in management and administration of
the entity as of'November 23, 2006 which led to the implementation of new corporate
policies, different assessment methodologies and changes to certain procedures,
processes and the initiation of an integration project in the region which had significant
effects in 2006. Thus, certain corresponding figures for 2006 are presented under formats
that vary from those presented for the year 2007.
(b) Basis of measurement
The balance sheet has been prepared on the historical cost basis except where otherwise
noted below.
(c) Functional andpresentation currency
The balance sheet is presented in United States dollars, which is the Bank's functional

(d) Financial assets and liabilities
(i) Classification


-I I_



Depreciation methods, useful lives and residual values are reassessed at each reporting
(j) Impairment
The carrying values of the Bank's assets, except loans, are reviewed at each balance sheets,
date to determine whether there is evidence of impairment. If any such evidence exists,
the asset's recoverable amount is estimated and an impairment loss is recognized equal to
the difference between the asset's carrying value and its estimated recoverable amount.
The Bank reviews its loan portfolios to assess impairment at least on a quarterly basis. In
determining whether an impairment loss should be recorded, the Bank makes judgments
as to whether there is any observable data. indicating that there is a measurable decrease
in the estimated future'cash flows from a portfolio'of loans before the decrease can be
identified with an individual loan in that portfolio. This evidence Mnay include observable.
data indicating that there has been an adverse change in the payment status of borrowers,
in a group, or national or local economic conditions that correlate with defaults on assets.
in the group. If management determines that no objective evidence of impairment exists
for an individually assessed loan, whether significant or not, it includes the asset in a
group of loans with similar credit risk characteristics and collectively assesses them for
impairment. Loans that are individually assessed for impairment and for which an:
impairment loss is or continues to be recognized are not included in a collective
assessment of impairment.
(k) Related parties
All significant balances with the Bank's parent and with group companies, which are
companies wholly-owned directly or indirectly by the. Bank's ultimate parent, the
directors and key management personnel, are disclosed in the balance sheet as balances
and with related parties.

3. Prior Period Adjustments
Subsequent to the change 6f.ownership of Grupo Banistmo, S.A. by HSBC Bank (Panama),
S.A. in November 2006, management has undertaken a review of the Group's key accounting
policies and estimates. As result, a number of changes have been made in accounting
- estimates to align the Group, including the Bank, with the standards and practices adopted
worldwide by HSBC. In addition, in some cases misstatements in the previous period
financial statements were identified and have been corrected as prior period adjustments.
Prior Period Errors Recorded in 2006
Following is a description of prior period errors which have had a significant impact on the
financial statementof the Bank in 2006:

(a) Commercial Loans and Advances to Customers
Effective November 2006 management undertook an analysis of the commercial loan
portfolio applying standards for assessing impairment in accordance with global HSBC
Credit and Risk Management Policies and identified a number of loans as impaired that
had not been classified as impaired previously. However, in cases where there was
insufficient documentation available to support the circumstances that existed at the time
of preparing the financial statement in previous periods, the impairment losses on these
loans were included in the 2006.
(b) Investments
Effective November 2006 management conducted a review of the valuation of
investments applying a discounted cash flow methodology to determine fair values for
investments which are unlisted or which do not have a readily determinable market price.
As a result, a number of investments were noted as impaired and a corresponding
valuation adjustment and losses of $3,567,239 were recognized in 2006.

Prior Period Errors Recorded in 2005 and Previous Years
In accordance with International Accounting Standard 8, management has corrected
various accounting eirors relating to previous accounting periods as follows:

Prior Period Adjustments' Total

(a) Commercial Loan Impairment Allowances
An analysis of the commercial loan portfolio revealed an
impaired loan that based on the evidence of deterioration
available in previous accounting periods should have been
recognized as an impairment allowance in those periods.
(b) Exchange of Non Monetary Assets for Structured Derivatives
In December 2005 the Bank exchanged a series of non
monetary assets for structured securities (Credit Linked
Notes) which in fact. are derivatives. These notes were
accounted for in the held to maturity portfolio, but should
have been classified as trading in accordance with the
.requirements of IAS 39. In addition, these notes were
recorded at their face value of $17,734,162 rather than their
fair market value of $4,723,739.

$ 8,306,728

$ 21.317.151

4. Financial risk management
A financial instrument is any contract that originates a financial asset in one enterprise and a
financial liability or equity instrument in another enterprise. The Bank's balance sheet is'
comprised primarily of financial instruments.
The significant risks identified by the Bank are credit, liquidity and market risk, which are
described as follows:
(a) Credit Risk
This is the risk that the debtor or issuer of a financial asset owned by the Bank does not
fully and timely comply with payments, in conformity with terms and conditions agreed
upon when the respective financial asset was acquired or originated by the Bank.
To mitigate the credit risk, risk management policies establish limits by debtor. The
Credit Committee appointed by the Board of Directors, periodically monitors the
financial condition of debtors and issuers of financial instruments in the balance sheet of
the Bank.
The Bank has established certain procedures to manage the credit risk, summarized as
Formulation of Credit Policies:
Credit policies are formulated in coordination with the business and the local and
regional risk units through committees such as the Credit Committee and the Risk .
Committee which report to the Assets and Liabilities Committee (ALCO), tA- Board
of Director and the Group's Latin America Risk Committee (LAM).
Establishment ofAuthoritation Limits:
Authorization limits are established by the Chief Executive Officer (CEO) of each
country, based on recommendations by the Chief Risk Officer (CRO) of each country
and ratified by the Group's Latin America Risk Manager.
Concentration and Exposure Limits:
Limits of exposure and concentration, such as limits of specific industries and limits
of economic groups, are established for those segments that are considered necessary
by the local Risk Committees and the Group's Latin America Risk Committee
(LAM), taking into consideration the level of capital of the Bank and the size of the
credit portfolio, as well as adhering to the global policies and guidelines of the HSBC
Group and the active banking norms of Panama and The Bahamas.
Development and Maintenance of Risk Assessment:
The valuationss and assessments of risk are done on an individual basis for
commercial clients and portfolio and/or consumer client products.
Review of Compliance with Policies:
The review of compliance with policies is done through the annual evaluations of
commercial clients and by monthly random sampling of the portfolio for consumer
clients. In both cases, they are reviewed periodically by the Audit Committee.
Impairment of loans:
Impairment of loans and deposits with banks is determined by considering the
amount of principal and 'interest, in accordance with the contractual maturity of the
loans and deposits with banks. These loans are assessed in a classification from
special mention to non-recoverable, which i's the credit risk assessment system of the
Defaults without impairment of loans:
Loans considered in default without impairment are those for which contractual
payments of principal and interest are not current but the Bank does not consider a
provision necessary given the level of guaranties available over the amounts due to
the Bank.
SRenegotiated loans:
Renegotiated loans are those that have been restructured due to impairment because
of the financial condition of the debtor, and where the Bank is'onsidering revising
the credit parameters originally agreed for the facility. Odce these loans 'are
restructured, they are held in this category independently of any improvements in the
condition of the debtor after the restructuring by the Bank.
Impairment reserves:
The Bank has established reserves for impairment which present an estimate of
incurred losses in the loan portfolio. The principal components of this reserve are
related to individual risks and the reserve for loan losses established on a collective
basis considering a homogeneous group of assets with respect to incurred losses
identified in loans subject to individual deterioration.



** Charie-T'olic:
The Bank periodically reviews its loan portfolio to identify balances that need to oe
chargcd-off due to non-recoverability and for amounts not.covered by the collateral.
For loans of lower amounts, charge-offs are calculated based on the amount past due.
"In the case of secured loans, the charge-off is calculated after considering the value of
collateral held.
The following table analyzes the Bank's financial instruments that are exposed to credit risk
and their corresponding assessment:


Individual impairment:
Doubtful $ 3,900,591
Non-recoverable 1,560,299
Gross amount 5,460,890 ,
Impairment provision- A (3,915,256)
Carrying value $ 1,545,634

Normal $ 20,994.156
Special mention 274,433
Sub-normal 566,651
Gross amount 21,835,240
Impairment provision_ (186,957)
Carrying value $ 21,648,283

_I___~_______ ____

The table below summarizes the Bank's loans secured by deposits from clients, property
and other guarantees:

2007 2006

Deposits $ 3,435,198 7,350,527
Property 5,381,720
Others 4,729,661 32,445.996
$ 8,164,859 45,178,243

The Bank monitors credit risk concentration by sector and geographic location. The
analysis of credit risk concentration is shown in the table below:

LoAM Securities DefromBak
2007 2006 2007 2006 2007 2060

Book value 23,193.917 43.014543 220,770 97,065,616 90934.92

Cocniration by Sector.
Copoate 23.056,516 42.530.478 220,770 -
Consumer 137.401 484.065 -
Ol -erct os 97,065616 90.934,924
23.193.917 43.014.543 220.770 97.065616 90,934.924

Geographic Concenration:
Panama 7154.031 18.376.075 220.770 97.022.900 68.404.918
Central America andCaribbean 12,286.837 19.238539 4,019,204
North America and oheran 3,753.049 5.399.929 42,716 18,10.812
23.193.917 43.014543 220.770 97065,616 90.934934

The geographic concentrations of loans are base on the debtor's location, and investments
are base on the issuer's location.
(b) Liquidity Risk
This is the risk that the Bank cannot comply with all its obligations because of, among
other reasons, an unexpected withdrawal of funds by depositors, the deterioration of the
quality of the loan portfolio, the excessive concentration of liabilities from one particular
source, a gap between assets and liabilities, a shortage of asset liquidity, or the mismatch
of long-term asset financing with short-term liabilities.

Liquidity risk management:
A risk management committee, appointed by the board of directors, establishes a liquidity
limit in order to determine the amount of the Bank's assets that should be maintained in
high liquidity instruments; as well as financing limits, leverage limits and duration limits.
The table below summarizes the Bank's assets and liabilities grouped by their residual
maturities with respect to their contractual maturity date:
Up to Froml to 3
1 year years Total
Due from banks 97.065,616 97,065,616
Loans, net 7,657,886 15,536,031 2.193.917
Accrued interest receivable 2,191,954 2,191.954
Total assets 106,915,456 15,536,031 122,451,487

Deposits 87,278,506 1,334,362 88,612,868
All other liabilities 8,630,104 8,630,104
Total liabilities 95,908610 1,334,362 974272

Up to From 1 to 3
_1 year years Total
Due from banks 90,934,924 90.934,924
Investment securities 220,770 220,770
Loans, net 19,494,402 23,520,141 43,014,543
Accrued interest receivable 2,279,1262,279,126
Total assets 112,929,222 23,520,141 136,449,63

Deposits 106,560,478 8,354,046 114.914,524
Due to bank demand 577,939 577,939
All other liabilities 726,298 726,298
Total liabillies 107,894,715 8.354,046 116,218,761

The table below shows the residual contractual maturities of financial liabilities:

Book Nominal Upto From I 5o More tha
value amount e ye year w yea

Time deuposita 35551,855 37.426,184 37,426.184 -
Total LUabilities 35,551.855 37.426,184 37.426184 -

Book Nominal Up to FromIo5 Marothw
Valhe amount yeaea year pye

Tim deposits 57,530,091 65.227,157 50,100.979 15,126.17 -
Total Llabllltlea 57,530,091 65.227.157 0.,100.979 15.126.178

The above table shows the undiscounted cash flows on the Bank's financial liabilities on
the basis of their earliest possible contractual maturity. The Bank's expected cash flows
on these instruments vary significantly from this analysis.
'c) Market Risk
Market risk is the risk that the value of a financial asset'of the Bank is reduced as a result
of changes in interest rates, foreign currency exchange rates, stock prices, and the impact
of other financial variables that are out of the Bank's control.
Cash flow and fair value interest rate risk:
Cash flow and fair value interest rate risk are the risks of fluctuation of both the future
cash flows and the value of a financial instrument due to changes in market interest rates.
The net margin of interest of the Bank may vary as a result of non-anticipated interest
rates movements. In order to mitigate this risk, the Bank's management has set exposure
limits to interest rate risk and perform periodic sensitivity analysis.
In order to mitigate this risk, the Bank's management has set exposure limits to interest
rate risk.

The table below summarizes the Bank's exposure to interest rate risk. Included in the
table are the Bank's assets and liabilities at carrying amounts, categorized by the earlier
of contractual re-pricing or maturity dates.

Upto From I to 3
1 year years Total
Financial assets:
Time deposits 89,815,689 -- 89,815,689
l.oans, net 7,657,886 15,536,031 23,193,917
Total assets 97,4'/3.575 15,536,031 113,009,606






Up to From I to 3
I year years Total
Time deposits 70,800.000 70,800,000
Investment securities 220.770 220,770
Loans, net 19,494,402 23.520,141 43,014,543
Total assets 90,515,172 23,520,141 114.035,313

Financial liabilities;
Time deposits 49,176,044 8,354,047 57,530,091

5. Cash and cash equivalents
As of December 3 cash and cash equivalents is detailed as follows:

S2007 2006
Demand deposits $ 7,249,927 20,134,924
Time deposits 89,815,689 70,800,000
97,065,616 90,934,924
Less: deposits with original maturities of more
than 90 days 59,315,689 3,800,000
Total cash equivalent in the statement of cash flows 37,749.927 87,134,924
As of December 31, 2007, the annual interest rate earned on deposits with banks is 4.87% -
5.32% (2006: 1.50% 6.28%).

6. Related party transactions
The Bank has entered into transactions in the ordinary course of business with certain related
parties. At December 31 the following balances were outstanding in the aggregate in relation
to those related party transactions:

2007 2006
Demand deposits 7,207,161 20,010,843
Time deposits 89,815,689 52,223,328
Accrued interest receivable 190,875 115,837

Time deposits 27,930,879 30,852,177
Accrued interest payable 75,320-
Other liabilities 8,404,442

7. Loans
As of December 31, 2007 the loan portfolio of $27,296,130, (2006:$65,389,387) comprises
commercial loans and the annual variable interest rate on loans ranged between 4.00% -
24.00% (2006:4.00% 24.00%).
Past due loans are those that fail to comply with their payments in a period of 30 to 90 days.
Matured loans are those that fail to comply with their payments in a period greater than 90
days, or those for which more than 30 days have elapsed since the maturity date agreed
As of December 31, 2007, cash collateral right of set off amounted. to $3,435.198 (2006:
The movement of the reserve for loan losses is as follows:

2007 2006
Balance at the beginning of year $ 22,374,844 10,807,707
Provision charged to expense, net of reversal (957,677)- 13,261,000
Loans charged off (17,314,954) (1,693,863)
Balance at the end of yeaf $ 4,102,213 22,374,844

8. Property, plant and equipment
Property, plant and equipment is summarized as follows:

Equipment and Leasehold
furniture Improvements Total
Balance at December 31,2006 $ 148,297 8,965 157,262
-Additions 1,551 1,551
Balance at December 31,2007 $ 149,848 8,965 158,813

V- -1IIL,,

Accumulated depreciation:
Balance at December 31, 2006
Expense for the year

$ (16,793)

(2,636) (19,429)
(6.329) (32,558)

Balance at December 31, 2007 $ (43,022) (8,965) (51,987)
Net book value 2007 $ 106,826 106,826

Net book value 2006 $ 131,504 6,329 137,833

9. Commitments and contingencies
In the normal course of operations, the Bank is party to financial instruments with off-balance
sheet risks to meet the financial needs of its customers. These financial instruments comprise
letters of credit and guarantees.
The commercial letters of credit include exposure to some risk of credit loss in the event of
non-performance by the customer, net of collateral or guarantees securing these transactions.
The Bank's credit policies and procedures to approve contingent credit are the samqaas those
for extension of credits. It is management's opinion, no material losses to the Bank will
result from these contingent liabilities on behalf of customers,
The financial instruments with off-balance sheet risk are summarized as follows:

2007 2006

Commercial letters of credit $ 155,600 1,183,100
Guarantees issued 13,506,051 34,787,746
$ 13,661,651' 35,970,846

10. Fair Value of Financial Instruments
The following assumptions were made by management in order to estimate the fair value of
each type of financial instrument on the balance sheet: These estimates are subjective in
nature, involve uncertainty and elements of critical judgment and therefore, are not precise.
Changes made to the assumptions can significantly affect these estimates.

(a) Demand deposits
For the above financial instruments, the carrying value approximates fair value due to
their short-term nature.
(b) Loans
The estimated fair value for loans represents the discounted amount of estimated future
cash flows expected to be received. Expected cash flows are discounted at current market
rates to determine their fair value.
(c) Time Deposits
For time deposits, the fair value is based on discounted cash flows using market interest
rates for new debts with similar remaining maturity.
(d) Investment securities
The fair value of investment securities is based on market prices for similar securities
based on expected cash flows from such investments or recent buying offers.
The following table summarizes the carrying value and fair value of the significant financial
assets and liabilities:

2007 2006
Carrying Fair Carrying Fair
Value value value value

Demand deposits $ 7,249,927 7,249,927 20.134,924 20,134,924
Time deposits 89,815,689 89,815,689 70,800,000 70,800,000
Investment securities 220,770 220,770
Loans 23.193.917 29.500,627 43.014.543 71,391,893
$ 120.259,533 126,566.243 134,170,237 162,547,587
Demand deposits $ 53,061,013 53,061.013 57,384,433 57,384,433
Time deposits 35,551.855 36,604,847 57.530,091 59.435.400
Due to bank demand 577,939 577,939
5 88,612,868 89.665.860 115.392,463 117,297,772

ii. Capital management
The Bank's regulator, The Central Bank of The Bahamas, seis and monitors capital
requirements for the Bank. The current capital requirements require the Bank to maintain a
minimum of an 8% ratio of total capital to total risk-weighted assets. The Bank has complied
with the capital requirements imposed throughout ihe year.
The Bank's policies on capital management are to maintain a robust capital, with the ability
to sustain future growth of the banking business. The Sank recognizes the reed :o maintain a
Balance between the shareholders' returns anc the adequacy of the capital! required by the
As December 31, 2007 there r as been no materii; charge ir. t.e BanKs management uf
capital during the vea;.

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


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

v Effective communication and presentation abilities

J Effective time management, planning and
organization skills

V Proficiency in a variety of computer applications

/ Self-motivated team player

t Previous experience in pharmaceutical detailing
would be an asset

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

Please send application letter and resume
by June 13th, 2008 to:

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.




( ;isl OIh0

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'Crawfish Tail Meat S1T7.501b ils nolinilmi

-Stone Crab Clam s SIUO.:'lb

-Snappers- Sl05.00 /Kit

,Tenderized Conchs S5.00/Ib

Gmcwa Br~is Saf[ed Ltd. ii proud ro bte lur faurile
Bahamlin oIwed riU ol lltkr for [he bIsr ialu in Hahzmian
Siabtd tpeclagU cramfhh. inapprs. ccnchh 2nd grovu[er.
Visit us at:
lEden St. 325-0116
nat S. South 325-3474
I't rmichael Rd 341-366A

A leading local wholesaler seeks a qualified person for
the position of:

Brand Manager

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.

Please send application letter and r6sum6
by June 5, 2008 to:

Brand Man---=

kv ~ P.O.. ox,,,I 4

t t. -T .,,g,._. .

- -- ---- ----

, I

Time deposites:
Time deposits


CHELSEA'S CHOICE proprietor Tina Knowles shows Minister of
Agriculture and Marine Resources Larry Cartwright (right) how bot-
tles are made. Pictured from left are, under-secretary Rena Glinton.
BAIC executive Joyce Treco, and BAIC executive chairman Edison

The Public is hereby advised that I, ELIZABETH
ALECIA WEECH of Nassau, Bahamas, intend to
change my name to ELIZABETH ALECIA MACKAY.
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 N-742, Nassau,
Bahamas no later than thirty (30) days after the
date of publication of this notice.

SHIRLEY MACKEY-SEARS of the Bahamas Paper Converting Company shows Minister of Agriculture and Marine Resources Larry
Cartwright (centre), BAIC executive chairman Edison Key and BAIC general manager Benjamin Rahming how tissue is made.

Agriculture Minister

tours Industrial Park

MINISTER of Agriculture
and Marine Resources Larry
Cartwright has pledged to help
business persons at the Soldier
Road Industrial Park to
enhance their production after
receiving first-had information
about the challenges faced by
the manufacturers at the facil-
Mr Cartwright toured the
facility on Monday accompa-
nied by Bahamas Agricultural
and Industrial Corporation
(BAIC) executive chairman
Edison Key, park manager
Yelverton Cox, and a high-lev-
el team.
"Once we would have iden-
tified the challenges these

Senior Trust

The successful candidate should possess
the following:
* A University degree or Professional
designation, such as STEP, which is related
to the provision of fiduciary services
* Excellent working knowledge of US and
Canadian tax regimes as they apply to
international trust and corporate
* Excellent working knowledge of offshore
planning techniques for North American,
Latin and European High Net Worth
* Knowledge of international fiduciary law
* Minimum of 7 years experience servicing
high net worth clients in the offshore
financial services industry
* Relevant qualifications or a minimum of
3 years experience in financial accounting
* Proven ability to deliver the highest
quality of service to High Net Worth
* Proven Sales acumen
* Excellent communication skills
* Willingness to work long hours
* Proven ability to.communicate with
clients fluently in Spanish will be an asset
Interested persons should apply by Monday
June 9,2008 to:
Royal Bank of Canada Trust
Company (Bahamas) Limited
PO Box N-3024
Nassau, NP, Bahamas
Attention: Shelly Mackey
Via Email: Shelly.Mackey@rbc.com
Only applications from suitably qualified candidates
will be acknowledged.

entrepreneurs are faced with,
we will move to have them
addressed," the minister said.
"There are certain things
that need to be done. We want
to protect industries like those
established at the Industrial
Park. We want to encourage
them and ensure that what is
done there is better for the
"I see the Industrial Park as
being the centre of a lot of
activity for us. Items produced
at the park are items that we
need on a daily basis.
"The government will pro-
tect entrepreneurs who are
producing items that are need-

for Ci ks arid c

Shoe Village Shoe Stores.
Please fax your applications to

or mail to
P.O. Box N 3009
Nassau, Bahamas


BAIC Chairman, Mr Key,
noted that there are a lot of
challenges at the park.
"We have placed persons in
positions to make sure that the
park is maintained properly,"
said Mr Key.
"We hope to clean up all the
debris and derelict vehicles. We
need to be more aware of the
environment. We need to clean
up our island and keep it
Eddie Laing of the Bahamas
Box Company said he was
pleased that Minister
Cartwright visited the facility
to see the challenges they face
doing business.
"I hope they are satisfied
that these fine products are
made locally (and) would do
something to support Bahami-
ans who invest in the confi-
dence of their government," he
John Martin of J & M
Wocdovuk "aid retailers
should give their customers
alternatives to imported prod-
"Business should give their
customers that option this
was made locally and this was
imported," he said.

MINISTER OF Agriculture and
Marine Resources Larry
Cartwright (centre), BAIC exec-
utive chairman Edison Key (left)
and under- secretary Rena Glin-
ton inspect boxes made for the
Department of Agriculture at the
Soldier Road Industrial Park.

"Let the people have a
Leland Turner of Paradise
Chemicals underscored the
need for proper security at the
"They break in here when
they feel like," he said, "We
lose a lot like that."



Eleuthera Properties Limited is
pleased to announce the creation of a
Real Estate opportunity for Bahamians.

Improved Residential Lots in
New Subdivision located in
South Eleuthera, along Queen's Highway,
South of the Old Cotton Bay Road.
Lots 100 x 100
Starting at $35,000
Financing Available

Contact 242-334-2826


The Board of Directors of Commonwealth Bank limited
has declared a Quarterly Dividend for
Common, 'A, "B", "C" D,?'. "G", "H" and "1" Prference Shares,
to all shareholders of record at June 13, 2008, as follows:-

S 5 per share
7% per annum payable quarterly
'- % per annum payable quarterly
S 7% per annum payable quarterly
7a% per annum payable quarterly
7% per annum payable quarterly
- 7% per annum payable quarterly
7% per annum payable quarterly
7% per annum payable quarterly
7 % per annum payable quarterly

The payment will be made on June 30, 2008, through
Colina Financial Advisors Limited, the Registrar & Transfer Agent,
in the usual manner.
Charlene A. Bosfield
Corporate Secretary

':" Preference
"B" Precfrence
"C" Preference
D)" Preference
"E" Preference
"F" Preference
"G" Preference
"H" Preference
"I" Preference

TOP -S I D E R a
Shop for Dad and register
to win him a gift basket!



ROSETTA ST. TEL: 325-4944





__ i

Car bomb

kills at least

16 people

in Baghdad

A SUICIDE truck bomber
struck near the Baghdad
home of an Iraqi police gen-
eral Wednesday, killing 16
people in the biggest such
attack on the capital.in
rhonths, according to Associ-
ited Press.
Meanwhile, three U.S. sol-
diers were shot dead in north-
ern Iraq, and the bodies of at
least 23 Iraqis were. discov-
ered in a shallow grave and a
sewer shaft at separate sites
near Baghdad.
Wednesday's suicide
bombing was the deadliest
such attack in Baghdad since
early March. A year ago, car
and truck bombs were part
of the daily violence ina agh-
dad with hundreds;i-e-
times killed in sin.-
ltating blast b y
lccur far less frequent w
Wince a U.S. iroop buil l
k The Iraqi general was not
foundedd, but at least 16 oth-
ers died including a child, and
more than 50 people were
burt. according to Iraqi police
ind hospital officials who
Spoke on condition of
naonymity because they were
iot authorized to talk to
SThe Americans were killed
'*hen gunmen opened fire on
diem in the northern Iraqi vil-
lage of Hawija, according to a
brief military statement.
The area, once a hub for
Sunni militants and disaffect-
eV allies of Saddam Hussein,
is thought to have been paci-
fied in recent. months. Last
fear it hosted one of the
largest sign-on ceremonies for
tribal sheiks partnering with
V.S. forces to fight al-Qaida
m Iraq.
. South of the capital, Iraqi
villagers and soldiers
unearthed at least 13 bodies
from a shallow, dusty grave
S farmland on the outskirts
Qo Latifiyah, a mostly Sunni
town that also has some Shiite
residents. The bodies were
st discovered Tuesday, but
qigig continued a day later.
Associated Press Television
lews footage showed Iraqi
t oops and civilians cla wing
through dusty soil with sho\ -
ls. At least three severely
decomposed bodies could be
s en inside-by-side graves.
The U.S. military could not
cnfirm the discovery. but
said its soldiers, acting on a
t p from.a local citizen, found
least 10 decomposed bod-
is Tuesday in the sewer shaft
f a building in east Baghdad.
Those victims appeared to
lave died more than two
ears ago, said Lt. Col. Steve
over, with the Army's 4t
Infantry Division. Iraqi police
ave taken over the inves
nation, he said.
Latifiyah, which lies ab
miles south of Baghda
as taken over by al-aid
linked militants a few year
ao, and became a hotbed of
S unni militant activity before
I .S. and Iraqi forces regained
control late last year, said
Iraqi Maj. Faisal Ali Hussein,
xvho supervised thai digging
SOnly now are villagers -
feeling safer Without the mil-
itants there beginning to
point out possible sutes of
mass graves in the area, he
IMost of the bodies were
tpo decomposed to identii\
aepd were reburied next to
wheri they wele disco\ ered
sd another Iraqi arm\ offi-
r at the scene who refused
give his name because of
sfety concerns.
Wednesday's U.S. deaths
b-ought to at least 4.Y9i tIhe
number of U.S. militanr,
personnel who ha\ e
ced in the Iraq war sincee it '
btgan in March 2003. aicoi d-
itg to an Associated Pres_,
JMeanwhile, the U S nmll-

ttry said it detained nine su .
pects and destroyed two ter-
]rilst safe houses" \\'dnes-
dyy in raids targeting aIl- il-
dh in Iraq across centr.il and
northern parts of the coun-
One of the men had been
Wanted for alleged inmil\ e-
nient in weapons distribution
and car bombings in Bagh-
dad, the military s.,id in
;Another suspect was
responsible for orgam/ing ui-
cide bombings and helping
foreign militants enter Iraq.
the statement said.


to offer communi

health nursing diploma

Information Services

THE College of the Bahamas'
School of Nursing and Allied
Health Professions will offer a
diploma in community health
nursing beginning August, 2008,
Minister of Health and Social
Development Dr Hubert Min-
nis announced this week.
Dr Minnis said a community
health nursing consultant edu-
cator has already been employed
to coordinate the programme at
the Grosvenor Close campus of
the College of the Bahamas.
"It is anticipated that this pro-
gramme will yield a minimum
of 17 trained community health
nurses who will be added to the
public health sector by May,
2009, to compliment those hard
SiWorking nurses who are already
leading g the way in primary
'leallh care." he said.
SDr Mlinnis said the establish-
nrit of the community health
diploma programme is part of a
restructuring process his min-
.is'(r has undertaken as one of
the strategies to strengthen pri-
"mary health care in the
Bahamas, while reducing the
costs associated with hospital
He said nurses have "led the
way" in providing primary
health care in the Bahamas for
many years, particularly at the
community level where commu-
nity nurses have been conduct-
ing home visits "for decades, car-
ing for the sick, promoting and
restoring health and preventing
disease and disability."
The nurses' ability to provide
care at the community level has
helped to reduce the number of
persons having to seek medical
attention at the government-
managed hospitals.
This has in turn, led to a
reduction in health costs. Com-
munity nurses are now being
joined of those visits by physi-
The programme, which was
"piloted" at the Flamingo Gar-
dens Clinic, has been so suc-
cessful that health care officials
are expected to eventually
expand the model to other com-
munity clinics.
*"Nursing practice is the very
essence of primary health care
land) tius is even more true for
;,nurses serving on our Family
ands where they provide more
I't"t 95 per cent of health care to
S'ki comm unjrt." Dr Minnis said.
N 'Jurses are often the first
So nlr of conlaci with the health
, Fe e'sNsitem tor patients not only
on our small. remote islands, but
also in the larger ones (and) as
the.major provider of health care
to the people of the Bahamas,
the government values the ser-
vice of nurses, recognizing that
without them, the entire health
system would collapse."
Dr Minnis said it was against
s backdrop that the
ernment' decided to "make
investment in nursing" by
hiding sponsorship for
ast 95 per cent" of all stu-
sparticipating in the regis-
d nursing programme at
The sponsorship includes pay-
ment of full tuition and a month-
ly stipend of $475 per semester

for a minimum of 12 credits.
Additionally, all nursing students
are fully sponsored during the
internship period and receive a

minimum salary of $10,200.
Participants in the trained clin-
ical nursing programme at COB
are also sponsored either by the

Ministry of Health and Social
Development or the Public Hos-
pitals Authority (PHA).
"You would agree therefore,

that the government of the
Bahamas is making a tremen-
dous investment in nursing," Dr
Minnis said.


r ribbean Dreams presents a delightful collection of Herbal Teas
for your enjoyment. Take your pick or better yet try them all...
Distributed by Bahamas Wholesale Agencies, Nassau and Freeport



THURSDAY, JUNE 5,. 2008, PAGE 17

A .,


MINISTER OF Health and Social Development Dr Hubert Minnis chats with acting director of nursing Marcel Johnson during the recent Nightin-
gale Nurses Ball which was hosted by the National Nurses Recognition Committee in conjunction with the Ministry of Health and Social Develop-
ment, Public Hospitals Authority, Doctor's Hospital Health Systems, the Nurses Association of the Commonwealth of the Bahamas and the College
of the Bahamas, School of Nursing and Allied Health; Professions. Dr Minnis announced that the College of the Bahamas, School of Nursing and
Allied Health Professions will offer a diploma in community health nursing beginning August, 2008.



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It's in the bag
for Mother's Day
promotion winner
RUBINS MOTHER'S DAY WINNER: Jean Ann Holm walked away with a Liz Claiborne
handbag during the Rubins (Cable Beach location) Mother's Day promotion
The promotion invited Bahamian women to identify the Liz Claiborne handbag of their
choice for a chance to win the handbag for Mother's Day, with no purchase necessary. The in-store
promotion was held at both locations, Harbour Bay Shopping Plaza and Cable Beach. Pictured
are Maria Gatis of Rubins (left) and Jean Ann Holm the winner from the Cable Beach location.




r .. .

'?~ ,f.

IN THIS June 1, 2008, file photo Democratic presidential hopeful, Sen. Barack Obama D-lll., waves after
speaking at a rally at the Corn Palace in Mitchell, S.D. Obama has effectively clinched the Democratic
presidential nomination Tuesday, June 3, 2008, based on an Associated Press tally of convention
delegates, ahead of the results from the day's final primaries in Montana and South Dakota.


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0 In brief

North Korea

didn't dupe

; U.N. office

AMERICAN allegations
that North Korea duped the
S U.N. Development Program
by diverting aid money for
its own needs are not sup-
ported by any evidence,
according to a lengthy exter-
nal review released Monday,
according to the Associated
There was no sign that
millions of dollars were mis-
managed, diverted elsewhere
or unaccounted for, the
report said, countering accu-
sations made in early 2007
by the U.S. Mission to the
United Nations. Although
the report acknowledged
that some information the
panel had sought was
unavailable, the review's
conclusion was that the mon-
ey had been "used for the
purposes of the projects.".
'" The controversy sur-
rounding the accusations led
the development program to
suspend its operations in
North Korea in March 2007.
They have remained sus-
pended because of differ-
ences over whether the gov-
ernment should choose local
employees who work for the
The review was conduct-
ed by a three-member panel,
led by Miklos Nemeth, a for-
mer Hungarian prime min-
ister, and was presented
Monday by Kemal Dervis, a
former Turkish finance min-
ister who leads the develop-
ment program. Dervis said
the panel members preferred
not to comment publicly.
At the news conference,
when asked whether he
thought the accusations
emerged out of the political
dispute over the Bush
administration's negotiations
with North Korea, Dervis
said he would not comment
S on internal government ide-
ological battles.

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A PAKISTANI investigator searches for evidences at the site of Monday's massive car bomb blast outside the Danish Embassy in Islamabad, Pakistan on Tuesday, June 3,
2008. The massive explosion killed six people, just weeks after al-Qaida threatened Denmark over published caricatures of the Prophet Muhammad.

Al-Qaida likely behind

bomb in Pakistan

* ISLAMABAD, Pakistan
DENMARK'S intelligence
service cast blame on al-Qaida
for an attack near its embassy in
Pakistan, saying the terror net-
work or one of its affiliates was
likely behind the car bomb that
killed six people.
No one had claimed respon-
sibility by Tuesday, a day after
the explosion, which came just
weeks after the terrorist group
threatened Denmark over cari-
catures of the Prophet Muham-
mad reprinted earlier this year
in newspapers in that country.
The Danish Security and
Intelligence Service, known as
PET, said in a statement late
Monday that the embassy was
probably the target.
"It is PET's assessment that
al-Qaida or an al-Qaida-relat-
ed group likely is behind the
attack," agency director Jakob

Scharf said. He added that "a
series of other militant Islamic
groups and networks in Pak-
istan also could have the inten-
tion and the capacity to hit Dan-
ish targets in Pakistan."
The explosion wounded at
least 35 people, left a deep
crater on the road outside the
embassy, severely damaged the
nearby office of a development
group and devastated trees and
cars. The embassy building
remained standing, though its
windows were shattered.
A team of Pakistani investi-
gators sifted through the rub-
ble, and a Danish team was
expected to join the search. Bar-
ricades blocked access to the
area, home to several diplo-
matic buildings and residences.
"We are just trying to find
any clue, any evidence," feder-
al investigator Muhammad
Mustafa said. "You know yes-

terday it was panic here. Usual-
ly we miss important things in
Senior police officer Ahmed
Latif said the attacker appar-
ently used a fake diplomatic
license plate to get the car near
the embassy. Officials were try-
ing to determine if the bomb
was a suicide attack.
The six dead include two Pak-
istani policemen, a cleaner and
a handyman employed by the
embassy. One was Pakistani-
born with a Danish passport,
the Foreign Ministry in Copen-
hagen said.
Denmark has faced threats at
its embassies following the
reprinting in February by about
a dozen newspapers of a car-
toon that depicted Muhammad
wearing a bomb-shaped turban.
That and other images in a
Danish paper sparked riots in
the Muslim world in 2006.

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I I-Urtn UAY, JUNI-t 0, 2UUb, l-'ALt 21

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

Check, Pleasel Willy Chirino In Concert The Best of WPBT
0 WPBT South Florida
The Insider (N) CSI: Crime Scene Investigation CSI: Crime Scene Investigation Swingtown "Pilot" A family finds it-
E WFOR l) (CC) Nick and Keppler find a black mar- The CSIs investigate an attempt on self in the social and sexual revolu-
ket for human body parts. n Lady Heather's life. ltion of the 1970s. (N) (CC)
Access Holly- M Name Is Earl Last Comic Standing French Stewart and Josh Fea Itself "The Sacrifice" Four
0 WTVJ wood (CC) llerball" Gomez scout for talent in San Francisco. (N) C (CC) criminals are stranded in an old,
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(:00) CSI: Miami The First 48 "Family Secrets; The First 48 (CC) Crime 360 "Convenience Store"
A&E Dead Woman Clipped" A young couple goes miss- Probing the stabbing of a man in a
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(:00) BBC World BBC News Sport Today BBC News Survivor's News
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Scrubs J.D. con- The Daily Show The Colbert Re- Futurama Super-SouthPark South Park The RENO 9111 A
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The Daily 10 (N) The Girls Next The Girls Next THS Investigates Spring Break Nightmares Dangerous Spring Break
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ESPN NFL Live (Live) 2008 Scripps National Spelling Bee The final cham- Baseball Tonight (Live) (CC)
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Tennis French Open Women's Semifinals. From Paris. (Same-day Euro 2008 Pre- Soccer 2004 Euro Championship
ESPNI Tape)(CC) view Show Final -- Greece vs. Portugal. (N)
WT aily Mass: Our Life on the Rock Eucharist The Holy Rosary Catholicism on The Pure Life
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FOX NC Report- The O'Reilly Factor (CC) Hannity & Colmes (CC) On the Record With Greta Van
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FSNFL (:00) MLB Baseball Tampa Bay Rays at Boston Red Sox. From Fenway Park in Boston. Inside the Rays The FSN Final
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GOLF (:00) LPGA Tour Golf McDonald's Championship -- First Round. From Havre de Grace, Md. PGA Tour Golf Stanford St. Jude
GOLF Championship- First Round.
GSN Lingo(CC) Who Wants to Be a Millionaire ( Family Feud Family Feud n Russian Whammy (CC)
N (CC) (CC) (CC) Roulette (CC)
G4Tech 0)Attack of X-Play (N) Unbeatable Ninja Warrior Ninja Warrior Attack of the Showl Sex advice.
G4TeCh the Show! (N) Banzuke
:00) Walker, Walker, Texas Ranger Walker, Triv- MCBRIDE: REQUIEM (2006, Mystery) John Larroquette, Marta Dubois,
HALL Texas Ranger ette and a legendary Ranger track Matt Lutz. A lawyer investigates the murder of a classical violinist. (CC)
"The Reunion" down an assassin. (CC)
Buy Me A couple Holmes on Homes (N) 1 Disaster DIY The Big Flip n Handyman Superstar Challenge
HGTV looks sell their Renovating a (CC) Eight remain. C (CC)
house. )basement. (CC)
INSP Victory JoyceMeyer: Love a Child Inspiration To- Life Today With This Is Your Day The Gospel
Everyday Life (CC) day James Roblson (CC) Truth (CC)
Reba Brock lies My Wife and According to FamilyGuy "I Family Guy Pe- Two and a Half Two and a Half
KTLA to Kyia abom Kids Celbacy' Jim "What Lies Take Thee,- -ter trains Joe for Men A (CC)- Men-n (CC)-
.. ast drug use. n (CC! Beneath" (CC) Quagmire"(CC) a decathlon. ...
Still Standing Reba Barbra RebaReba and ** BEAUTY SHOP (2005, Comedy) Queen Latifah, Alicia Silverstone,
LIFE Lauren's sweet- Jean dyes her Brock attend a fu- Andie MacDowell. A determined hairstylist competes with her former
16 party. (CC) hair red. (CC) neral. (CC) boss. (CC)
MSNBC :0 Hardball Countdown With Keith Olber- Verdict With Dan Abrams Countdown With Keith Olber-
NICK oe 101 SpongeBob Drake & Josh Home Improve- Home Improve- George Lopez GeorLopez
NICKy(CC ) SquarePants / c(CC) ment Taps ment (CC) (CC)(C)
NTV 00) My Name Is Shark "One Hit Wonder" t (CC) New Amsterdam "Keep the News(N) C News
N V ari (CC) Change" n (CC) (CC)
SPEED Pass Time Monster Jam Racing, from Sam Pinks- All Out From Reading, Pa. Livin'the Low Livin'the Low
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Everybody Family Guy Lois Family Guy "Bri- MR. DEEDS (2002, Comedy) Adam Sandler, Winona Ryder, Peter
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(:00) Law & Or- Law & Order "Under God" A vigi- ** MONSTER-IN-LAW (2005, Romance-Comedy) Jennifer Lopez,
TNT der "Phobia" n lante priest kills a drug dealer. t Jane Fonda, Michael Vartan. A shrewish woman clashes with her son's fi-
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George of the Chowder Misadventures Total Drama Is- Johnny Test l Courage the GrimAdven-
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TRU Cops3 l(CC) Speeders (N) Speeders (N) Smoking Gun Presents: World's Most Shocking
___Dumbest (N)
TV5 (:00) Toute une Envoy6 special Aux frontieres de la Chine Design
S histoire "Loulan: les princesses endormies"
"IrWC (:00) Abrams & Bettes: Beyond the Forecast Weather: Evening Edition (CC)
(:00) Yo Amo a Al Diablo con Los Guapos Fuego en la Sangre Hermanos Amas de Case Desesperadas La
UNIV Juan Querend6n buscan venganza. vida de cuatro amas de casa, sigu-
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(:00) Law & Or- Law & Order: Special Victims Unit Law & Order: Special Victims Unit Law & Order: Special Victims Unit
USA der: Criminal In- "Asunder' A police officer is accused A pregnant woman's unborn child is "Care" The detectives investigate
tent C (CC) of raping his wife. (CC) taken from her. n (CC) the murder of a 5-year-old.
VH 1 (:00) The Bachelor C (CC) Dr. Drew's Celebrity Addiction Celebracadabra (N) (CC)
Special (N) C/
VS. (:00) Boxing 2007 Yuri Foreman vs. Andrey Tsurkan. Bull Riding PBR.
(:00) America's Welcome Back, Welcome Back, Welcome Back, Welcome Back, WGN News at Nine (N) n (CC)
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Videos C (CC) runs for office. gets a tutor. job is taken.
Family Guy "I Smallville "Fierce" Kara registers Supernatural Someone has stolen CW11 News at Ten With Kaity
WPIX TakeThee, for a beauty pageant. C (CC) a cursed rabbits foot from John's' Tong, Jim Watkins (N) (CC)
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(6:45)* * MICHAEL (1996) Kung Fu Panda: * 300 (2007, Action) Gerard Butler, Lena Headey, David Wenham.
H BO-E John Travolta. Tabloid joumalists HBO First Look Badly outnumbered Spartan warriors battle the Persian army. A 'R' (CC)
see the light with an angel's help. n (CC)

(6:15) THE * A SHREK THE THIRD (2007, Comedy) Voices of (:45)The Making John Adams "Unite or Die" Adams
HBO-P ASTRONAUT Mike Myers. Animated. Shrek and friends look for the Of:Even becomes the country's first vice
FARMER true heir of Far, Far Away. Cl 'PG' (CC) Almighty C president. (CC)
(6:00) *** BERNARD AND DORIS (2008, Docudrama) Susan (:45) *** MICHAEL (1996, Drama) John Travolta,
H BO-W BREACH (2007) Sarandon. Tobacco heiress Doris Duke befnends her Andie MacDowell. Premiere. Tabloid journalists see the
Chris Cooper. butler, Bernard Lafferty, n 'NR' (CC) light with an angel's help. C 'PG' (CC)
(6:45) * RANDOM HEARTS (1999, Drama) Hard- ** NOTES ON A SCANDAL (2006, Drama) Cate Hear and Now
HBO-S son Ford. A widowed cop and congresswoman learn of Blanchett, Judi Dench. A veteran teacher learns of a n (CC)
spouses' affair. n 'R' (CC) new colleague's affair with a student. C 'R' (CC)
(6:15) *A BE- *A YOU, ME AND DUPREE (2006, Comedy) Owen Wilson, Kate Hud- ** K IDIOCRACY (2006) Luke Wil-
MAX-E AUSE I SAID son, Matt Dillon. A jobless buddy moves in with two newlyweds. a 'PG- son. A man awakens 1,000 years in
SO (2007) (CC) 13' (CC) the future. 'R' (CC)
S (6:45) * THE NEW WORLD (2005, Historical * GALAXY QUEST (1999, Science Fiction) Tim (45) Hollywood
MOMAX Drama) Colin Farrell. Explorer John Smith lands in Allen, Siourney Weaver. Aliens kidnap actors from an Sexcapades n
17th-century North America. C 'PG-13' (CC) old sci-fiTV series. n 'PG' (CC) (CC)
(:00) * BOBBY (2006, Historical Drama) Anthony The Tudors (iTV) Anne awaits her Penn & Teller: This American-
SHOW Hopkins iTV. Various people's lives intersect after fate. C (CC) Bulls...! The best Life (iTV) Mar-
RFK's assassination. n R' products. riage. C (CC)



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Let Ca\cArli-Le the

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f,'on1 3:30pmr to 4:30pl during fl e

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Enjoy Great Food, Prizes and Lots of Fun.

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) 056.( H A (.15) A t GODSEND (2004, Suspense) Greg Kinnear, Rebecca Romiin- As TH
(2004) 'R' (CC) 13' (CC) stalked by a psychotic admirer.


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JUNE 6, 2008

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

Issues Round- Washington McLaughlin Stay Rich Forever & Ever With Ed Slott Tax adviser Change Your
WPBT table discussion. Week (N) R Group N) (CC) Ed Slott gives retirement-saving tips. n (CC) Brain, Change
(CC)Your Life (CC)
The Insider (N) Ghost Whisperer Jim and Melinda Ghost Whisperer Melinda helps an NUMB3RS "Waste Not" Don and his
B WFOR n (CC) try to help the sister of a spirit who angry ghost accused of setting the team investigate a trail of illegal
haunts Jim's dreams. fire that killed him. (CC) waste-disposal. n (CC)
Access Holly- Most Outra- Most Outra- Dateline NBC \ (CC)
S WTVJ wood(CC) eous Moments geous Moments
uttakes.(CC) (CC) _
Deco Drive * WHITE CHICKS (2004, Comedy) Shawn Wayans, Marion Wayans, News (N) (CC)
S WSVN Jaime King. Two male FBI agents pose as female socialites. ,' (CC)
Jeopardy (N) America's Funniest Home Videos According to According to 20120 (CC)
WPLG (CC) Santa mishaps; a boy unwraps a gift Jim"The Ren- Jim "Goodwill
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(00) CSI: Miami CSI: Miami Detectives uncover a CSI: Miami "Nothing to Lose" Hora- CSI: Miami "Nothing to Lose" Hora-
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Things Unseen" while probing a bellboy's murder, who escaped from prison, who escaped from prison.
(:00)BBC World BBC News Asia Today BBC News Our World News
BBCI News America (Latenight). (Latenight). Britain's top exec-
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:CB 00) Kudlow & Fast Money High Net Worth Business Nation The Big Idea With Donny Deutsch
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:C00) Lou Dobbs CNN Election Center Larry King Live (CC) Anderson Cooper 360 (CC)
NN night (CC)
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COM asked to intro- With Jon Stew- port (CC) self The comic performs. (CC) fin; Jared Logan; Anjelah Johnson.
duce Dr. Kelso. art(CC) (N) (CC)
The Suite Life of * THE PRINCESS DIARIES 2: ROYAL ENGAGEMENT (2004, Ro- (:05) Wizards of Life With Derek
DISN Zack and Cody mance-Comedy) Anne Hathaway, Julie Andrews, Hector Elizondo. A Waverly Place "The Bully Broth-
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them Depth
The Daily 10(N) Denise Richards Denise Richards Forbes Top 20 Young Royals The Soup (N) Living Lohan
E! I Young royalty. (N)
ESPN (:00) College Baseball NCAA Super Regional -- Teams TBA. (Live) (CC) Baseball Tonight (Live) (CC)
I Tennis French Open -- Men's Semifinal, From Roland Garros Stadium in Euro 2008 Pre- Gol ESPN: Fuera de Juego (N)
ESPN Paris.(Same-day Tape) (CC) view Show
EWTN Daily Mass: Our The World Over. Life Is Worth The Holy Rosary Defending Life Reasons for Our
EVV N Lady Living _Hope
FIT V (:00) Cardio Body Challenge Participants watch Fitness Fantasy Fitness Fantasy Health Cops: Undercover "Philip"
FIT TV Blast (CC) the awarding o the trophy. (CC) (CC) Diabetes. (CC)
SFox Report- The O'Reilly Factor (CC) Hannity & Colmes (CC) On the Record With Greta Van
FOX-NC Shepard Smith Susteren (CC)
NFL (:00) MLB Baseball Cincinnati Reds at Florida Marlins. From Dolphin Stadium in Miami. Around the TheFSN Final
N L (Subject to Blackout) (Live) Track: Preview Score (Live)
GOLF 00) LPGA Tour Golf McDonald's Championship Second Round. From Havre de Grace, PGA Tour Golf Stanford St. Jude
.L Md. Championship -- Second Round.
GSN Lingo (CC) Who Wants to Be a Millionaire f\ Family Feud Family Feud \ Russian Whammy (CC)
(CC) (CC) (CC) Roulette (CC)
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(:00) Walker, Walker, Texas Ranger Walker tries THE GOOD WITCH (2008, Drama) Catherine Bell, Chris Potter. A woman
HALL Texas Ranger to prove that a wrongful arrest was moves to a small town and changes people's lives. (CC)
"Stolen Lullaby" racially motivated. (CC)
Buy Me Victor House Hunters House Hunters World's Green- World's Most Sellin Houses Abroad "Lake Orta,
HGTV and Sarah's International Newlyweds relo- est Homes f) Extreme Homes Italy' apartment on the shores of
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Still Standing Reba Reba can- Reba Reba's in TO HAVE AND TO HOLD (2006, Suspense) Justine Bateman, Derek
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M B 00C Hardball Countdown With Keith Olber- Verdict With Dan Abrams Countdown With Keith Olber-
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NTV (:00) NUMB3RS Stunt Stars "Freezer Bum" (CC) Global Currents: Warrior Boyz News(N) News
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SPEED NASCARLive NCTS Setup From Texas Motor NASCAR Racing Craftsman Truck Series -- Sam's Town 400. From
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Dr. E.V. Hill (CC) Behind the. The Hal Lindsey Joel Osteen Dr. Frederick K. Praise the Lord (CC)
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Everybody Everybody Everybody * THE MASK (1994, Comedy) (PA) Jim Carrey, (:45) Sex and
TBS Loves Raymond Loves Raymond Loves Raymond Cameron Diaz, Peter Riegert. An ancient mask ani- the City "No Ifs,
/f (CC) "Older Women" "Rayber' (CC) mates a drab bank clerk. (CC) Ands or Butts"
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(:00) Law & Or- * CAST AWAY (2000, Drama) Tom Hanks, Helen Hunt, Nick Searcy. A courier compa- ** *STEEL
TNT der "Dissonance" ny executive is marooned on a remote island. (CC) MAGNOLIAS
/f (1989) (CC)
George of the ** ** WHO FRAMED ROGER RABBIT (1988) Bob Hoskins. Live ac- Chowder Misadventures
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TRU Cops "Coast to Video Justice Video Justice Forensic Files Forensic Files Rich and Reckless (Series Pre-
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(:00) Toute une Thalassa "Les Robinsons de la mer d'roise" Un jeune couple choisit de Performance "Les Carburants du
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TW C (:00) Abrams & Bettes: Beyond the Forecast Weather: Evening Edition (CC)
(:00) Yo Amo a Al Diablo con Los Guapos Fuego en la Sangre Hermanos Fabrica de Risas Johnny Laboriel;
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.USA der: Criminal In- "Protection" n (CC) A notorious judge's stepdaughter is Investigation into the sexual assault
tent A (CC) raped and murdered, of a heroin addict. (CC) .
VH 1 (:00) The Bachelor Jesse makes his final choice. ( Best Week Ever Lindsay Lohan Dr. Drew's Celebrity Addiction
(CC)_.(N) (CC) Special fT
iS. (:00) World Extreme Cagefighting * WILDCATS (1986, Comedy) Goldie Hawn, Nipsey Russell. Coach's
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(:00) America's WKRP in Cincin- WKRP in Cincin- WKRP in Cincin- WKRP in Cincin- WGN News at MLB Baseball:
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Discovery astronauts get

ready for first spacewalk

SHUTTLE Discovery's astro-
nauts prepared for the first
spacewalk of their mission
Tuesday and the installation of
Japan's giant lab to the inter-
national space station, according
to the Associated Press.
During a scheduled 6 1/2 hour
spacewalk, astronauts Michael
Fossum and Ronald Garan Jr.
will prep the $1 billion lab,
named Kibo Japanese for
hope for installation by
removing power and heating
cables and various restraints
that connect it to the shuttle.
Later in the day, astronauts
working from inside will use the
space station's robot arm to lift
the bus-size lab from the shuttle
and anchor it to the station.
"We're looking forward to a
great day, an exciting day to

install the Japanese Kibo mod-
ule," Japanese astronaut Aki-
hiko Hoshide, who will help
move the lab, said Tuesday as
astronauts examined spacesuits
and made other preparations
for the spacewalk.
Kibo, at 37 feet long, is bigger
than the U.S. and European
labs already attached to the
space station. The spacewalk-
ers were also going to remove a
50-foot inspection boom from
the orbiting complex and try
out some cleaning methods on a
jammed solar rotating joint that
has hampered energy produc-
tion at the space station since
last fall. The joint enables the
space station's solar arrays,
which provide electrical power,
to rotate and track the sun.
."It's going to lead to a really
busy day for all of those guys,"
said Emily Nelson, a space sta-

"We're looking
forward to a great
day, an exciting
day to install the
Japanese Kibo

Akihiko Hoshide

tion flight director.
The first job for the space-
walk will be transferring the
boom from the space station to
the shuttle.
The laser-equipped boom is
usually attached to the shuttle's
robotic arm and used to con-

duct a detailed inspection of the
spacecraft's wings and.nose.
The inspection is one of the
safety measures put in place by
NASA after the 2003 Colum-
bia accident to check for launch
Discovery didn't have enough
room for the inspection boom;
Kibo filled the entire payload
So the last shuttle crew left
one behind at the space station
in March.
The shuttle astronauts, who
arrived at the space station on
Monday, will use the boom next
week to check Discovery for
any damage that could endan-
ger them during re-entry.
Imagery experts, in the mean-
time, are poring over the 302
digital pictures that the space
station crew took of Discovery's
belly right before the docking.

STS-124 Mission Specialist Akihiko Hoshide, of Japan, waves as he
leaves theOperations and Checkout Building with fellow crew mem-
bers for a trip to launch pad 39-A and a planned liftoff on the space
shuttle Discovery Saturday May 31, 2008 at the Kennedy Space
Center in Cape Canaveral, Florida.




T I-I TRI B 11 N E

us Ies s

Government backing

Tropical's port plans

Business Editor
T H- E
is "mindful
to support"
$175 million
plan for a
port at
Ara waak
Cay, rather than Mediter-
ranean Shipping Company's
(MSC) rival proposal, a senior

'Wider concerns' on

Associated Grocers

licence amendment

Business Editor
THE Government must
"comprehensively consider"
all the ramifications if it were
to permit Associated Gro-
cers to distribute directly to
Bahamian wholesalers and
major food stored from its
86,000 square foot Freeport
facility, a senior minister yes-
terday telling The Tribune
that the company's business
model for Grand Bahama
had seemingly changed.
While unable to comment
on Associated Grocers' deci-
sion to put its plans for
Freeport on hold, as he had
not seen Tribune Business's
Tuesday article, Zhivargo
Laing, minister of state for
finance, said the Florida-
based distributor had held
meetings with both the Prime
Minister and himself in rela-
tion to amendments pro-
posed for its business licence.
Mr Laing said that in his
meeting with Roy Deffler,
president of International
Distributors of Grand
Bahama, the company's
Freeport subsidiary, it was
indicated that tax advantages

recently granted Associated
Grocers in the US meant it
wanted to change its
Bahamas business model.
The Tribune understands
that, like the city of Miami,
Fort Lauderdale has now giv-
en Associated Grocers per-
mission to operate bonded
warehouses, where stored
products will not be subject
to US import al.d export tax-
Avoiding such taxes on
food produce that Associated
Grocers was importing from
China and elsewhere, then
distributing to major whole-
salers and food chains in 46
countries throughout the
Western Hemisphere, was
the very reason why the com-
pany decided to invest $8
million in constructing its
Sea/Air Business Centre
warehouse in the first place.
Given that Associated
Grocers can now accomplish
from Florida what it had
planned to do from Freeport,
the company wants to alter
its business model, and sup-
plying the Bahamian market

SEE page 19B


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Marble Floors, Vaulted Ceilings, Wood Burning Fireplace,
Large Pool with Cabana, Spacious Two Car Garage,
Rainwater Tank & Well, Generator. Price: $3,500,000

Offered Exclusively By

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* Administration minded to support Bahamian
shipping firms, rather than MSC proposal
* Shippers now working on ownership structure and
amount of shares to be given to Bahamian public

minister said yesterday.
Earl Deveaux, minister of
works and public transport,
told The Tribune that the
Government was now await-
ing feedback from the
Bahamian shipping companies
on how the Arawak Cay
port's ownership and man-

agement would be structured,
and the percentage of shares
that would be made available
to the Bahamian public.
This seems, on the face of it,
to be a major victory for the
Bahamian shipping companies
- Tropical, Betty K, Seaboard,
the Mailboat Company et al -

who had expressed concerns
that MSC, with its greater
financial resources, economies
of scale and dominance on
many major supply routes into
this nation, could squeeze

SEE page 11B

Private islands key to cruise growth

Business Reporter
BAHAMIAN-owned businesses are unlike-
ly to have benefited much from a 2 per cent
increase in cruise arrivals to this nation during
the 2008 first quarter, as the growth was driven
chiefly by calls to the cruise lines' calls to their
private islands in the Family Islands.
The Ministry of Tourism's arrivals statistics
up to March 2008 indicated that cruise arrivals
were up 2 per cent "because major cruise lines
such -s Carnival Cruise lines, Costa Cruises,
Cunard, Discovery, Holland America, Imper-
ial Majesty, MSC Cruises, Norwegian Cruises,
P & O cruises and Princess Cruises all brought
in more passengers than in the same period of
"This increase in passengers from these
major cruise lines was enough to off set the
drop in cruise passengers by Royal

The March figures revealed that overall
cruise arrivals to the Bahamas were up 1 per
cent. Cruise arrivals to the Family Islands
were up 13 per cent for March, while arrivals
to Nassau were down 3 per cent and cruise
arrivals to Grand Bahama were down 26 per
The 2008 first quarter numbers indicated
an overall increase of 2 per cent, with an
increase of 18 per cent to the Family Islands.
Arrivals to Nassau were down 5 per cent, and
Grand Bahama 20 per cent.
The Ministry of Tourism said most of the
increase in cruise passengers during the first
quarter 2008, came from the Family Islands,
which experienced a jump of 18 per cent com-
pared to the same period in 2007.

SEE page 12B

Bank's loan

book grows

17 per cent

in year to

May 2008

Fidelity's $10m bond
issue fully subscribed,
as bank chief says
institution targeting
50/50 mortgage/
consumer loan
mix by 2010

Business Editor
(Bahamas) saw its loan book
grow by 17 per cent or $25 mil-
lion during the first five
months of 2008, its chief exec-
utive confirming to Tribune
Business yesterday that its $10
million bond issue was "fully
Anwer Sunderji said the
BISX-listed commercial bank
was now looking to fund its
growth from deposits, rather
than the capital markets,
Because the cost of this form of
financing had reduced due to
increased banking system liq-

SEE page 14B

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Forming firms where

profits don't matter

A NON-profit company
may be incorporated in the
Bahamas under Sections 170
to 178 of the Companies Act
1992 for social, cultural, char-
itable and other non-pecu-
niary causes, as specified in
Section 14 of the Act.
Section 170 of the Act
defines a "non-profit compa-
ny" as a company with no

authorised share capital,
which is carried on without
pecuniary gain to its mem-
As a company with no
authorised share capital, the
non-profit company may be
incorporated as a company

limited by guarantee, as an
alternative to a trust struc-
By its very nature, as a
company limited by guaran-
tee, the non-profit company
is not permitted to make dis-
tributions to its members, but
can only make payments for
charitable purposes, as the
objects in its Memorandum
of Association must specifi-
cally state.
Notwithstanding that fact,
each member participates
equally in the assets of the
company, irrespective of any
variation in subscriptions
paid, unless contrary provi-
sions exist in the Articles of
Each first director becomes
a member of the company
upon the incorporation of a
non-profit company. The
directors of the non-profit
compariy may also make the
by-laws of the company.
The minimum number of
directors for a non-profit
company is three directors,
and there is no restriction on
the number of members of a
non-profit company, unless


otherwise determined by the
Articles of Association.
The Articles of Association
of the company may provide
for more than one class of
membership, the designations
and terms of which must be
specifically stated.
A person is allowed to be
admitted to a non-profit com-
pany by resolution of the
directors, subject to the pro-
\ visions of the Articles of
Each member of a non-
profit company may have one
or more votes or no votes,
depending upon the Articles
of Association.
With regard to the transfer-
ability of membership in a
non-profit company, the
interest of a member may not

be transferable, unless other-
wise stated in the Articles of
Association. Such member-
ship will lapse and cease to
exist upon the resignation or
death of the member. How-
ever, the interest in the non-
profit company may contin-
ue, notwithstanding the ces-
sation of membership.
SSection 178 (2) of the Act
states: "Where the Articles
do not provide for the distrib-
ution of its remaining proper-
ty, the company may, by res-
olution of.directors, after
payment of all debts and lia-
bilities, distribute or dispose
of the remaining property to
any organisation in the
Bahamas, the undertaking of
which is charitable or benefi-
cial to the community at
The non-profit company is
incorporated similar to that
of a regular Companies Act
.,company, with the require-
ment to reserve and confirm
the availability of the name at
the Companies Registry of
the Registrar General's
Department for 90 days, and
i prepare and submit the
Memorandum and Articles of
3j'ssociation of the company
(With its specific objects), in
^9'der to incorporate the com-
: However, a draft copy of
Sthe NMemorandum'and Arti-
-. les of Association of the
S'non-profit company is
" required to be submitted to
Ikti(e Registrar General for
reviewew before submission for
i- incorporation of the compa-
fny, in order to verify and con-
'Tfirm the objects and purpose
of the company, in accor-
dance ith the provisions of
the Act.
Once the Registrar Gener-
al has confirmed that the

objects of the non-profit
company are for a charitable
or non-pecuniary purpose, in
conformity with Section 14 of
the Act, the draft Memoran-
dum and Articles of Associa-
tion must be finalised, prop-
erly executed by the first
directors, and re-submitted to
the Companies Registry for
Stamp duty of $5 must be
paid to the Public Treasury,
and an incorporation fee of
$330 must be paid to the
Companies Registry on sub-
mission of the Memorandum
and Articles of Association,
and incorporation of the non-
profit company.
2005. Tyrone L. E.
Fitzgerald. All rights
NB: The information con-
tained in this article does not
constitute nor is it a substi-
tute for legal advice. Persons
reading this article and/or
column, generally, are
encouraged to seek the rele-
vant legal advice and assis-
tance regarding issues that
may affect them and may
relate to the information pre-
Tyrone L. E. Fitzgerald is
an attorney with Fitzgerald &
Fitzgerald. Should you have
any comments on this article,
or recommendations for
future articles, you may con-
tact Mr Fitzgerald at Suite
212, Lagoon Court Building,
Olde Towne Mall at Sandy-
port, West Bay St., P. O. Box
CB-11173, Nassau, Bahamas
or at tyrone@tlefitzgerald-


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A vacancy exists at The Grand Bahama Port Authority, Limited Building
and Development Services Department for one (1) Projects Manager.

The successful candidate will be required to manage vertical and horizontal
construction projects as initiated by The Grand Bahama Port Authority,
Limited or affiliated Companies. Technical support and guidance in the
areas of super-structure and infrastructure development including roadways,
rehabilitation works and civil engineering capital projects are included.


* BSc. in Building, Structural or Civil Engineering
* Minimum of Ten (10) years relevant engineering experience
* Minimum of Five (5) years relevant supervisory experience
* *Professional registration a plus


* Sound knowledge in construction techniques and safety parameters.
* Soundknowledge in engineering design and the governing code,
internationally accepted standards.
* Sound knowledge of established construction practices and related
statutory regulations.
* Sound knowledge of Contract Administration.


* Competence in the application of project management techniques.
SGood coordinating skills.
* Good human relations skills.
* Ability to communicate effectively.
* Computer literacy as evidenced by full working knowledge of
Microsoft Word, Excel, Auto Cad and Microsoft Projects.

RCsumCs with supporting documentation should be submitted to:

The Personnel Department
The Grand Bahama Port Authority, Limited
; P.O. Box F-42666
Freeport. Grand Bahama
SEmi: personnel@gbpa.com
rFr before July 31, 2008




JUNE 30 to JULY 25
Ages 5 to 17



Call 393 -1303
or come in to register
Village Rd. Near Queen's College

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





Europe arrivals

increase offsets

decline from US

Tribune Business
MAJOR increases in tourist
arrivals from Canada, Europe,
Latin America and the
Caribbean more than cushioned
the three per cent downturn in
US stopover tourists, increas-
ing overall arrivals for the 2008
first quarter by two per cent.
According to the Ministry of
Tourism's latest data, US
stopover visitor arrivals were
down three per cent for the
three months to March 31, 2008,
when compared to the same
period in 2007.
However, the strong perfor-
mances by Canada, which gen-
erated a 24 per cent increase in
visitor arrivals; Europe with a
seven per cent increase; and the
16 per cent increase in

Caribbean visitors more than
made up for the US shortfall.
The Ministry reported that
total air and sea arrivals to the
Family Islands in the 2008 first
quarter increased by 16 per
cent. However, overall arrivals
to Nassau/Paradise Island
dropped by 1 per cent, and
arrivals to Grand Bahama saw a
decline of 14 per cent.
Andros, the Berry Islands,
Bimini, Cat Cay, Cat Island,
Eleuthera, Inagua, Half Moon
Cay and San Salvador all
reported an increase in overall
Gary Young, director of sta-
tistics at the Ministry of
Tourism, told The Tribune that
the numbers for US arrivals
were not surprising, given the
current economic conditions
that country is experiencing,
including the increase in fuel
prices, fears of a.recession, and

the sub-prime housing woes.
He pointed out that the
Bahamas' proximity to the US
was being pushed as a major
advantage for those persons
who wanted a cheaper getaway,.
because it was cheaper to get
to this destination.
Noting the upward trend in
arrivals for the Caribbean,
Europe, Canada and Latin
America, which help tipped the
numbers on the positive side,
Mr Young said he knew the
-Ministry had targeted these
markets for expansion.
He added that the current
favourable exchange rates that
Canadians and Europeans
enjoyed against the US dollar
could have significantly con-
tributed to the increase,
although he said the ministry's
marketing experts would be in a
better position to elaborate on
the exact reasoning.

Government 'willing' to buy Port Authority

Business Reporter
THE Prime Minister yester-
day announced that the Gov-
ernment was willing to purchase
the Grand Bahama Port
Authority (GBPA), indicating
that it was losing patience with
the feuding Hayward and St
George sides and could not let
the dispute continue much
longer because of the impact on
Grand Bahama's economy.
"We cannot wait for an indef-
inite period for them to settle
their differences. The Govern-
ment of the Bahamas is willing
to buy the Grand Bahama Port
Authority and get Grand
Bahama moving again," Mr
Ingraham told the House of
_ Assembly at the start of the
Budget debate yesterday,
"Once again, today we are
faced with the challenge of

reviving and growing the Grand.
Bahama economy. High unem-
ployment, growing social depri-
vation and business stagnation
characterized the situation in
our nation's second most popu-
lated island when we came to
office last May.
"This is coupled with the con-
tinued warring between the
principals of the Grand Bahama
Port Authority, which has fur-
ther demoralisied the business
climate in Freeport and, indeed,
around Grand Bahama."
Quite how the Government
plans to do this remains a mys-
tery. Even if it succeeded in
buying out the two existing
shareholders, its purchase
would need the approval of
more than 80 per cent of GBPA
It is unlikely this would be
forthcoming, one source telling
The Tribune of the Govern-
ment's proposal: "It would be a

Mr Ing;aham said the
2008/2009 Budget provided the
stimulus to restart the Grand
Bahama economy, beginning
with the construction sector,
particularly in the residential
"The construction of a gov-
ernment complex in Grand
Bahama will help to spur eco-
nomic'activity. We expect addi-
tional cruise ship stops to Grand
Bahama, beginning in July 2008,
which will bring thousands
more visitors to that island," Mr
Ingraham said.
"We remain focused on
bringing other investments to
fruition in Grand Bahama over
the course of the next 12
months, growing the economy
and creating reliable jobs."
Mr Ingraham noted that the
government remains pained by
the economic hardship that the
island is experiencing.

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ife. Money. Balance both:

The American Embassy is presently considering applications for the following


The incumbent serves as the Embassy's primary health care provider.

This position is open to candidates with the following qualifications:

Must be a graduate of a professional nursing school or college that has the
equivalent of RN training in the U.S. and be fully credentialed/licensed in the
Bahamas and/or country of training.

Two years of hospital or outpatient nursing is required, along with one year of
occupational health experience with a primary health care facility.

Experience in management and procurement of expandable medical supplies and
equipment for ambulatory care clinic is preferred.

Must have computer skills and be able to use Microsoft Word and other
applications, as necessary.


Must have strong interpersonal skills.
Must have skills and ability to perform at the fully functional level in the Health
Unit with confidence.
Must be able to work with minimum supervision and resolve problems using
individual judgment and discretion.


The successful candidate will be offered an excellent compensation package
including performance-based incentives, medical and dental insurance, life
insurance, pension and opportunities for training and development.

Applicants must be Bahamian citizens or U.S. citizens who are eligible for
employment under Bahamian laws and regulations.

Application forms are available from 8:00 a.m. to 5:00p.m. Monday through
Friday at the security area of the American Embassy, Queen Street. Completed
applications should be returned to the United States Embassy: addressed to the
Human Resources Office no later than, June 11, 2008. Telephone calls will not
be accepted.

Donrt te Caught off

Your interest rate increases twice during the term
of your investment, so your money is guaranteed to
grow faster! Plus you have access to your money at
two set dates within the term of your deposit, giving
you penalty free access to your money.t




Nassau Airport .....


The Nassau Airport Development Company (NAD) is seeking an energetic
customer service professional to join-our Operations te m.
Reporting to the Director of Airport Operations, the successful candidate ill be
responsible for providing leadership and guidanceto th steam lo create a w orld-
class customer experience programme at Lynden Pind ing Intern:tiond Airport.
Key respo~sinifties wiH include:
Buding consulta~veirelaionshswitheirUine s, irportstfke.olders,
Ministry of Tourism and G ovmenetagencie .
~inging Mte customer service programmes at IPIA iMcluidng
Comment Card, Customer Saisfaction Sweve]s, ireguedoi Op raions
Plams and the Concierge progamm e
Creaing business plans and budgets to support te goals of the
department and te company
Developing nd defiveiing tainingprogrammes andpresentions
The ideal candidate wil:
Be a creative thirer with a proven back record of innoiaeon in
customer service
Be experienced in giing presentatons, faciftabng meetings and
pfiuBc speaking
Have exceptiora written and oral commw nca kios skills.
Have experience in a managerialrole
A university Degree in Business wouldbe a definite asset
A competitive salary and benefits package will be offered to the sLccessful

If 'yo.. areir n resr T d it jo ar : r d.i-.. ~l n: realr
pl '-; "end your r-:.i, ,e I~. June 1 ~h 2008
to Midielle Moss, IMTrn 'ar. FPopleDe ln, nt
Nassau Airport Daoiolopment Cmlpany,
Lyndon Pindling international Airport,
P.O. Box AP 59 29, Nassa, Eahamas
n t ty .h.r l.t:,.l r.: l :- r ta'.ted


MDR president

highlights the

creative process

of Junkanoo

ROOSEVELT Finlayson,
president and creative collabo-
rator of MDR, was a keynote
speaker at the second annual
LEGO Idea Conference, held
at the LEGOLand Hotel in
Billund, Denmark. The con-
ference theme was Play to
Learn, Play to Create, Play to
Other speakers included
Tony Lai, managing director,
The Idea Factory in Singapore;
Dean Kamen, inventor and
founder of FIRST (For Inspi-
ration and Recognition for Sci-
ence and Technology); and
Mitch Resnick, LEGO Papert
Professor of Learning Research
at MIT.
Mr Finlayson spoke on the
topic Enhancing Learning, Cre-
ativity and Innovation through
the Play Element of Festivals.
His presentation highlighted
the creative process of the
Junkanoo Festival, and looked
at the Festival as a self-organ-
ising system with the key ele-
ments of high play, high learn-
ing and the development of an
authentic "community".
Mitch Resnick said: "I found
Mr Finlayson's presentation
very interesting. I agree that
the playful learning that hap-
pens during festivals provides a
great model and inspiration for
how we can learn in other parts

of our lives."
David Sparks, of the Box
Exchange consulting organisa-
tion, based at the London
School of Economics, said:
"For me the overriding impres-
sion was of the power for
change that is encapsulated in
bringing together the sense of
purpose and passion that car-
nival engenders within its par-
ticipants any environment is
going to be enhanced with this
sort of intervention and stimu-
Jesper Just Jensen, Director
of LEGO Serious Play, had this
to say about the presentation:
"Festival in the Workplace is
a fascinating process where
everything that businesses
strive to achieve in emergent
Planning, creative thinking and
team collaboration, in order to
create high performance
results, play out. Mr Finlayson
made many connections
between the use of play, col-
laborative learning and collab-
orative creativity. While the
connections may appear far
fetched to some at first, in fact
there are many business rele-
vant learning to gain from
understanding the complex sys-
tems of the Junkanoo Festi-
The name 'LEGO' is an
abbreviation of the two Danish

words "leg godt", meaning
"play well". The LEGO Group
was founded in 1932 by Ole
Kirk Christiansen.
The LEGO Company is
developing and marketing
which provides hands-on ses-
sions on creativity and innova-
tion, learning, team building,
intercultural management and
strategy development and do
so through an external network
of business partners.
Mr Finlayson has been invit-
ed to participate in next year's
Idea Conference. And this is
how he described his experi-
ence at this year's conference,
"This was a special opportuni-
ty to showcase Festival in the
Workplace at an event where
the entire audience is involved
with work that has a strong
connection to FITW.
"The concept resonated well
with this audience. The con-
ference was packed with very
lively and interesting presen-
tations with a good balance
between practical business
application and intellectual
content. I benefited from some
important new insights about
creativity and innovation which
could have practical applica-
tion in businesses, government
organizations and schools in
The Bahamas."





The Government of the Commonwealth of The Bahamas through the Ministry of
Public Works and Transport (MOWT) is expanding the Nassau Harbour on New
Providence Island.to also include the construction of three (3) mooring dolphins
to provide for the next generation of new-build cruise ship being delivered in the
fall of 2009. The Ministry therefore invites applications from dredging and marine
contractors and/or consortia with experience regionally and internationally wishing
to pre-qualify for the following works under the project as follows:
Dredging approximately 2.5 million C.Y. of coral rock to enlarge the Harbour
Turning Basin and widen the Approach Channel;
Deposition of dredged material to onshore stockpiles;
Construction of three new mooring dolphins and connecting walkways;
S* Repairs to a breach in the East Breakwater using precast concrete units.
Contractors will be responsible to MOWT and will undertake the work in accordance
with the FIDIC Conditions of Contract for Civil Engineering Works which will be
issued to pre-qualified firms. It is expected that tenders will be invited in August
or September of 2008 with receipt of tenders following a four week tender period.
The works are expected to commence shortly thereafter.
The Ministry of Public Works and Transport now invites interested contractors both
local and overseas, to collect the pre-qualification documents and to complete and
submit same in accordance with the instructions therein.
Pre-qualification documents (e-mail and/or pick-up) may be obtained by interested
parties as of Thursday, May 29, 2008 from:

The Civil Engineering Section
Ministry of Public Works and Transport,
P.O. Box N-8156, or
Nassau, Bahamas
Telephone: (242) 322-4830 Extn 4042
Fax: (242) 302-9770
Email: gordonmajor@bahamas.gov.bs

Cox & SHAL Consultants
202-20Packham Circle
Brampton, Ontario
(905) 495-7272
(905) 846-0957

between the hours of 9:30am and 4:30pm, Monday to Fridays.
A geotechnical investigation within the Harbour started on May 23, 2008 and will
extend over three weeks. Contractors interested in pre-qualifying are invited to send
representatives to view sampling procedures during the prequalification process.
Details are available by contacting Cox & SHAL at their address above or
shal@shal.ca. The prequalification process will not be affected by attendance or
lack of attendance during the geotechnical investigation.
The completed pre-qualification document is to be deposited in the Tender Box at
the Ministry of Finance, 3rd Floor, Cecil Wallace, Whitfield Building, West Bay
St, P.O. Box N-3017, Nassau, Bahamas no later than 10am on or before Tuesday,
July 01, 2008.
All clarifications and/or questions are to be directed to the consultants Cox/SHAL
at the above mentioned address.
Colin Higgs
Permanent Secretary

The Ministry of Education,

Youth, Sports and Culture

Public Notice

The Public is hereby notified that the Ministry
of Education, Youth, Sports and Culture will be
installing a chain link fence at the North and
North East Boundary of the Learning Resource
Unit, Mackey Street.

The Public should note that works will
commence immediately and completion by
14th June, 2008

_ ,....,,.,.n,




PM: 5

-18 per

cent price savings

on the home and

building supplies

Business Reporter

ernment's intent to ease the
economic burden on Bahami-
ans, Prime Minister Hubert
Ingraham said yesterday that
persons can expect to see sav-
ings of between 5-18 per cent
on household appliances and
construction supplies.
Opening the debate on the
2008-2009 Budget, Mr Ingra-
ham said: "Informal indica-
tions from retailers of con-
struction materials, and of
household appliances, indi-
cate that consumers may
expect to see savings on a
number of items, ranging
from 5 per cent on certain
windows and doors to 14 per
cent on cement board and 18
per cent on insulation."
Mr Ingraham said the duty
exemptions have a dual
objective, "firstly, reducing
the cost of construction and
hence boosting both residen-
tial and commercial construc-
tion, and secondly, promoting
'green' refurbishments and
Construction materials set
to enjoy duty reductions
include wooden hurricane
shutters, cement board, hlu-
minum and wood doors, from
35 per cent and 25 per cent
respectively to 15 per cent,
and duty on wooden windows
will be reduced from 35 perl
cent to 25 per cent.
Plywood, the.Prime'Minis-,
ter said, will attract an import
duty of 10 per cent, down 5
per cent from 15 per cent.
Duty on the importation of
oriented strand board and
insulation used in construc-
tion is being reduced from 35
per cent to 10 per cent.

Further, Mr Ingraham
pointed out that customs
duty on energy efficient
home appliances (with rat-
ings greater than 15) is
reduced from 35 per cent to
15 per cent, and duty on
energy efficient windows
(double glaze and or vacuum
sealed) will be reduced from
25 per cent to 15 per cent.


Fluorescent bulbs, green
bags, solar batteries and solar
converters will have import
duties of 20 per cent and 35
per cent eliminated that is,
reduced to zero and low flow
shower heads will have
import duty of 35 per cent
reduced to 15 per cent.
The Prime Minister further
pointed out that home-own-,
ers and businesses will also
Enjoy the benefit of reduced
import duty on paint, which
drops from 57 per cent to 45
per cent
"This is still too high but it
is a protective tariff for local
businesses," he added.
"Finally, with the remark-
able expansion of cellular
:phone service around our
;country, I am pleased to note
that this budget reduces the
customs duty on cellular
phones by 20 per cent, from
35 per cent to 15 per cent.
Mr Ingraham noted the
concerns of Purity Bakery,
which feared it had been
placed at a competitive disad-

vantage following the
removal of the 35 per cent
import duty on all imported
The Prime Minister
promised to investigate the
matter. He also elaborated
on the tax benefits his gov-
ernment has proposed to
assist Bahamians in reducing
their grocery bills.
"In this Budget, food items
for which 10 per cent import
duties and 7 per cent Stamp
Taxes (for a total of 17 per
cent import tax) are being
eliminated, include: citrus
(grapefruit, oranges, tanger-
ines, limes, and lemons),
cereals, spaghetti (e.g. Kraft
Dinner), bananas, and plan-
tains," the Prime Minister
"Also, the 25 per cent
import duty on watermelons
and mangoes will be elimi-
nated, as will the 30 per cent
import duty on guavas,
peaches, frozen vegetables,
and oatmeal. The duty on the
importation of dried, unpack-
aged fruits and nuts has been
reduced from 30 per cent to
15 per cent, and the duty on
fresh vegetables not previ-
ously reduced by his adminis-
tration, the FNM from rates
greater than 15 per cent have
been reduced to 15 per cent.
"We look forward, there-
fore, to stabilisation of prices,
and in a number of areas, a
reduction of prices to con-
sumers in food as well as con-

I ..I

-- 'Legendary Past .. Glorious Fkture!'

Now accepting applications for teachers for September, 2008

for the following areas:

Physical Education (including teaching Swimming)
Modern Languages (to teach French and Spanish), Special Needs

HIGH SCHOOL'IGrades 7-12)
Biology, Mathematics,


* A ri-rirn m i' E i.-herlr'- Dejree from i I r he oldest pnvate ichoci in The E..ahirrna;
C' ri;: I jnr er.' confirmedid i. Ensures a. se irml: :conri'nuiu'.' educat icnr
certified copy of certificate and .3 strong cen:e oicrmmunltyi
* P. p~ r.- u-rle erl icrtll:: tre in edue mLicn or 3 OlTers a rich cumn-iulum
ie '111 ,c o."i .e cr. [,inin -.edl by i certfie.-.l st .'ilec1: by a talent.e.i and ddle e.ei
-.-P.'" ol"I-r. tr teaching stalT
* i .lli..i r. r ,,uppcr". rh.; ',;hl'L: Is lai.e '.'lire excellr e Isn t ,-.i'.'te j u l
r..--:,lr r.":-- Frigr arrme, Including teaching pursued, where teaching nd. lecirrnng ,we
J"iLrn1el- :our.,C uh ar A.d-Jii nced innovatie and v here .:anng ,br.-.her-; 3
Fh ,,.:i':r i In I ;'*-'.'ance.'l ?ub l"ijary). inrnrur
E- ..r ,:e n r: ..nrng at inuc cotursei : Oi~ifer-. i compeitdiVe benefits package,
re:le including gra'.ul',, pen.ion. health in md
* '--- ,fl i:r, n Ir. enc:': dent insurance, discor nt on chi -lre1 n'
* .- I. : '-[ I I .. . .'. l iL cxpe:re':t 1o tuition
Iml:' o *,"--,r.t,rrn.n rr c-.rk in hI rmiin,- .ueen' College *',r- e.abl:.hed in I l,.;.i,
I ,'h Lhri prin. iple it 1i : t, puppcr t ,ie in i l by The My'etho..li.hu Church u.1 :
c -r.,J-,:.t 2 1tIile -t-lh ,i ;.-, C'h i c-JI- nce c I -n ern er of .TIe Intemart-oni A,:..;-t r icR;., o0
l I[- I l,."i,-It Oi2,-rt h ;- f" hclh ( -',c "hool Mer.lhodi-,r Sclk'cl.., College., i 1
z ~U pri' Ur.clrsEries (iAlC .L' UI

Application forms are available from the Human Resources Office at the school or may be downloaded from
our award winning website wu' qclcencforth.ron The completed application, together with a covering
letter, a statement of educational philosophy and a recent photograph must be sent to'
The Principal
Queen's College
P.O. Box N7127
Nassau, Bahamas
Or Faxed to: 242-393-3248, or emalled to dlynch@qchenceforth.com and should arrive no later than
June 13, 2008 Candidates short-listed will be contacted by telephone. fax or mail for an' interview.

T.O. BIT1-7137
eus BMahnam
'Tel: (242)393-16edt93S-21534 2646 W Fax (242) 39-3248
Wrhtl:t ww.q<(hencefolrhcomn Email: queens@qchenceforth.com

Royal Bank
.of Canada

Contact Account Officer listed below by using number code for each property.


(401) Lots#17 & #18 Crown Allot-
ments, Love Hill Settlement, Andros.
Containing a two storey residence.
Appraised value: $100,000.00
(806) Lots#1 & #2, Block 3 with a
parcel situated between Lot #1,
Block 3, containing a 4 bedroom
condominium Sunset View Vil-
las, West Bay Street.
Appraised value: $750,000.00
(400) Property situated in Calabash
Bay on the Island of Andros. 75'
x 150' and containing thereon a
small grocery store 480 sq. ft. and
an incomplete 3 bed 2 bath house
900 sq. ft.
Appraised value: $65,000.00
(702) Lot #20 with residential prop-
erty located Skyline Heights.
Appraised value: $280,000.00
(400) Lot #14 situated in the set-
tlement of Love Hill on the Island
of Andros totaling 20,000 sq. ft.
Property contains a two storey 5
bedroom, 3 bathroom residence.
Appraised value: $185,000.00
(902) Lot of land containing a 2
storey 7 bed/2 bath single family
residence (2,234 sq. ft.) located of
Queens Highway in Tarpum Bay
Appraised value: $77,000.00
(902) Lot containing commercial
building housing a sports bar, res-
taurant and a 2 storey commercial
building on Queens Highway Tar-
pum Bay Eleuthera.
Value: $180,000.00
(806) Lot #13, Block4 of CoralWa-
terways, Section One, Coral Harbour,
New Providence with two houses,
and a swimming pool, #312 N.P
bounded Northwardly by a canal
or waterway of the said Subdivision
known as Flamingo waterway and
running 102.004 ft. Eastwardly bylot
#14 and 146.145ft Southwardly by a
reservation for a private road.
AppraisedValue: $530,000.00
(433) Lot #27 ofVillage Allotment
#14 in the Eastern District, contain-
ing residence situated on Denver
Street off Parkgate Road in the Ann's
Town Constituency, New Providence.
Property size 2,500 sq. ft. Building
size 990 sq. ft.
Appraised value: $50,000.00
(304) Lot #2 in block #8, Steward
Road, Coral Heights East Subdivi-
sion situated in Western District of
New Providence, approx. size 8,800
sq. ft. with a split level containing
two bed, two bath, living, dining
& family rooms, kitchen and util-
ity room approx. size of building
2,658 sq. ft.

Appraised value: $322,752.00
(902) Lot of land 94 x 94 x 150 x
150 on Queens Highwayjust south
of Palmetto Point with a two sto-
rey stone building containing two
apartments. Each unit has 3 bed/2
1/2 bath, kitchen, living room and
3 linen closets.
Appraised value: $287,209.00
(902) Lot (8,000 sq. ft.) situat-
ed Sand's Alley, North Palmetto
Point with incomplete triplex
(concrete structure belt course
2;529.6 sq. ft).
Appraised value. $49,414.00
(105) Lot containing 2 storey
bldg. with three bed, two and
a half bath residence, and 30' x
86' situated Bailey Town, North
Appraised value: $235,000.00
(902) Lot#31 situated at the in-
tersection of Albert & Victoria
Streets in Hatchet Bay containing
a 2 storey concrete building with
an incomplete 2bed 1 bath apt and
store downstairs. Property approx
2250 sq ft.
Appraised value: $65,000.00
(908) Lot# 23 located in the Subdi-
vision of Spring City, Abaco. Con-
taining a one storey house with 2
bed/1 bath -Wooden Structure -
Appraised value: $60,000.00
(601) Lot #17 located VillageAllot-
ment with fourplex.
Value: $500,000.00
(701) Lot of land having the number
16 in Block number 16 in Section
Three of the Subdivision called
and known as Sea Breeze Estates
situated in the Eastern District of
New Providence. Property contains
a three bed, two bath residence.
Appraised value: $277,000.00
(565) Lot # 1018 in Golden Gates
Estates #2 Subdivision situate in
the South Western District of the
island of New Providence Containing
a single storey private residence 3
bedroom 2 bath. Property approx.
size 6,000 sq. ft. Building approx
size 2,400 sq. ft.
Appraised value: $173,176.00
(808) Lot # 3 Block 24 in the Cen-
treville Subdivision. Building #109/
Eastern side of Collins Avenue.
Comprising commercial 2,800 sq
ft commercial building.
Appraised value: $582,000.00
(909) Lot# 22 with (5000 sq. ft.)
Crown Allotments located Dundas
Town, Abaco containing a one storey
house with 3 bed/1 bath- wooden

Appraised value: $50,000.00
(101) Lot# 321,'Single Family Resi-
dence, Bel Air Estates located on
Nola Circle, Southern District,New
Providence, Bahamas. This total
area of this lot of land is approx.
6,000 sq ft.
Appraised value: $271,000.00
(902) Lot #17 Block 7 in section "A"
of Eleuthera Island Shores Subdi-
vision Northwest of Hatchet Bay
containing a 3 bed/2 bath house.
Appiaised value: $99,000.00
(701) Lot of land being lot number
11 in Block number 10 on a plan of
allotments laid out byVillage Estates
Limited and filed in the Dept. of Land
& Surveys as number 142, N.P and
situated in the Eastern District of
New Providence. Property contains
three bed, two bath residence.
Appraised value: $165,000.00
(203) Lot B 50 ft x 115.73 ft situ-
ated on the north side of Shell Fish
Road, being the third lot west of Fire
Trail Road and east of Hamster Road
with a one half duplex residential
Appraised value: TBA.
(901) Lot #32 containing 4 bedroom
2 bath concrete structure located
Triana Shores Harbour Island, Eleu-
thera. Property size 80' x 120' x
80' 120 ft.
Appraised value: $332,735.00
(908) Lot# 52 Crown Allotments lo-
cated MurphyTown, Abaco. Contain-
ing a one storey house with 3 bed/2
bath Concrete Block Structure.
Appraised value: $200,000.00
(101) Lot #3 Blockl, Eastville Subdi-
vision, Eastern District, -Land 6,534
sq. ft, Building 810 Sq. Ft, 2 Bed, 1
Bath. Appraised value: $95M
(108) Lot#1Block#6WintonHeights
Subdivision Easter District, N P The
propertyis approximately 14,834
suqare feet in total. Property con-
tains a house of 2963 sq ft.
Appraised value: TBA
(902) Parcel of landlocated on the
south side of Dry Hill Road in Pal-
metto Point containing 1.087 acres
with partially started structure.
Appraised value $38,000.00
(902) Lot#30 situated in Love Hill
Estates just north of Governor's
Harbour containing a 3bed/2 bath
Appraised value $245,154.00
(902) Lot of land containing 3 bed
/2 bath residence in North Palmetto
Point as $129,000.00


(902) 0.281 acre of vacant land off
Queen's Highway in the settlement
of Governor's Harbour, Eleuthera.
Appraised value $31,320.00
(701) Undeveloped lot #149. Sea-
fan Lane, Lucayan Beach Subdivi-
sion. Grand Bahama, 18,750 sq ft.
Appraised value: TBA
(402) Lot 89, Block 7 Aberdeen Drive,
BahamiaWest Replat Subdivision,
Freeport, Grand Bahama, consist-
ing of 12,100 square feet.
Appraised value $51,000.00
(723) Vacant lot # 20 comprising a
portion of the Murphy Town Crown
Allotment # 72 situated in Murphy
Town, Abaco, Bahamas.
Appraised value: $18,000.00
(902) Vacant Lots #'s 5 & 6 in Block 3
of Club Estates Subdivision located
North of Rock Sound Eleuthera com-
prising of 1.48 acres.
Appraised value: $55,000.00
(902) Vacant lot of land situated
in South Palmetto Point, Eleu-
thera measuring 97x127x82x121.
Appraised value: $38,000.00

(909) Vacant residential Lot# 22D
portion of Lot# 22 Crown Allotments
located Dundas Town, Abaco.
Appraised value: $18,000.00
(908) Vacant residential Lot# 30 com-
prising of 1.02 acre located Dundas
Town, Abaco.
Appraised value: $20,000.00
(565) Vacantlot#5 located Eleuthera
Island Shores, Seaside Drive Section B,
Block#15, Eleuthera,. 9,691 sq. ft.
Appraised value: $27,619.92
(800) Vacant propertylocated Baha-
mia South. Block 16 lot 9A, Free-
port, Grand Bahama consisting of
24,829.20 sq.ft.
Appraised value $52,000.00
(565) Vacant Lot #9 (11,406.65 sq. ft.)
situated in Mango Lane Section "B"
Block#15, Eleuthera Island Shores
on the Island of Eleuthera.
Appraised value: $50,189.00
(902) Lot #46, Block#32, Bahamia.
Section IX Freeport, Grand Bahama
90 ft wide'along StratfordWay and
150 ft along Stratford Court.
Appraised value: $26,000.00

(101) Tourist Commercial Canal Lot
#71 Silver Cove Subdivision, Free-
port Grand Bahama.
Appraised value: $175,000.00
(909) Vacant residential Lot# 63 (7800
sq. Ft.) Crown Allotments located
Murphy Town, Abaco.
Appraised value: $18,000.00
(909) Vacant residential Lot# 57
located in the Sand's Cove Subdivi-
sion situated Sandy Point, Abaco.
Appraised value: $15,000.00
(724) Vacant lot # 67A of Section 2
of the said Subdivision known as
"Whale Point Estates" in the vicinity
of Bottom Harbour and extending
fromWhale Point to Cotton Holein
the Northern section of the Island
of Eleuthera.
Appraised value: $36,000.00
(108) Vacant canal lot #71 Silver
Cove Court, Silver Cove Subdivi-
sion. Zoned: Tourist Commercial
Approximately 0.4 acre.
Appraised value $175,000


Tel: 242-356-8568
(800) Mrs. Monique Crawford
(802) Mr. Brian Knowles
(805) Mr. Jerome Pinder
(806) Mrs Lois Hollis
(807) Mr. Lester Cox
(808) Mrs. DaShann Clare-Paul
Tel: 242-322-4426/9
or 242-302-3800
(201) Ms. Nicola Walker
(202) Mr. Frank Dean
(203) Mrs. Cedricka Clarke
Tel: 242-377-7179
(433) Mrs. Suzette Hall-Moss
Tel: 242-332-2856/8
(902) Mr. Brian Hanna
Tel: 242-333-2230
(901) Ms. Velderine Laroda

Tel: 242-368-2071
(400) Mrs. Rose Bethel
Tel: 242-322-8700
(701) Mrs. Stephanie Saunders
(702) Ms. Cherelle
Tel: 242-325-4711
(401) Mr. James Strachan
(402) Mrs. Chandra Gilbert
Tel: 242-393-7505/8
(501) Mr. Keith Lloyd
(505) Ms. Patricia Russell
Tel: 242-327-6077
(466) Mrs. Winnifred Roberts
Tel: 242-367-2420
(908) Mr. Antonio Eyma
(909) Mrs. Sylvia Poitier
(910) CypriannaWilliams
Tel: 242-347-3031
(105) Mr. Kermit Curry

Tel: 242-337-0101
(100) Mrs LucyWells
. Tel: 242-394-3560
(716) Mrs. Ingrid Simon
(717) Mrs. Nancy Swaby
(723) Ms. Deidre King
(724) Mrs. Faye Higgs
(725) Ms. Marguerite Johnson
(565) Mrs. Catherine Davis
Tel: 242-393-3097
(601) Mrs. Anastacia Knowles
Tel: 242-322-2451/3
(301) Ms. Thyra Johnson
(304) Mrs. Alicia Thompson
Tel: 242-352-6631/2
(101) Ms. Garnell Frith
(103) Mrs. Damita Cartwright
(108) Ms. Sylvie Carey
Tel: 242-362-4540/4037
(101) Mrs. Lindsey Peterson

rIeWmovl 'sBl Purity'

Queen'Ts Corfle- e









,assau / Freepoi

Summer Special t

only $350
1 week /1 bedroom apartment

Check out
Home-Away-From-Home Prograr
and rent a comfortable, fully furnished apart

Emadil bahashNwfronemho ail.m Te (242) 34 4!




r '- june io -
SUMMER JJuly 11,2008

Math, Science,

Job openings: EI
* Accepting R
resumes for
elementary & B
high school

Mt. Carmel
Preparatory Academy

Palmdale Ave.

english, Art, History,
leading, Writing,
ible, Games & More

$55 per week
Report card issued at
end of 4 weeks.

SRiding the wave of

renewable energy

THREE Bahamian entre-
preneurs have secured a
licence from a major ocean
energy company to provide
this technology throughout the
Caribbean and, possibly, the
Americas in an attempt to
combat soaring energy prices.
Company founders Jennifer
Stubbs, Cyril Lowe and Brian

-f Book ydur
travel anytime,

Use your local credit card.
Tickets are issued locally.

Tel.: 242.328.0264 i 242.328.0257 I 242.322.7371 I 242.325.6991
Fax: 242.325.6878 I www.premiertravelbahamas.com

Kelly, collectively called
Caribbean Alternative Ener-
gy, are looking to promote sub-
surface systems that use and
exploit the unlimited energy
that can be derived from the
sea through Ocean Flow
The technology can work
independently or in conjunc-

-.5 9
3 s.

tion with existing energy
resources. "We are approach-
ing the larger hotels and
resorts with a view to having
them use our system as a back
up to their current power sup-
ply, as it poses no risk what-
soever", said Mr Lowe, who
serves as the group's president.
"In fact, we are currently
negotiating with BEC to imple-
ment our system nationwide
as a back-up, and as a source of
low-cost, clean renewable
"Since the Bahamas is sur-
rounded by water, it just makes
sense to get our energy from
the sea", Mr Lowe added.
Engineers are scheduled to
visit the Bahamas within the
next three weeks to identify
sites and begin collecting the

necessary data to set up the
systems. Production and instal-
lation of the system will take
about six months, once data
collection begins.
"We've approached some of
the major resorts on Paradise
Island, the Albany developers,
the Harbour Island District
Council and a few other busi-
nesses so far. We've also sent
related information to the
Bahamas Chamber of Com-
merce in'order to get some
feedback from them" said Ms
Stubbs, who is the company's
marketing director.
"We plan to work with gov-
ernment to use our system as a
selling tool to attract interna-
tional investors, by assuring
them we have enough back up
electrical energy to support the
more than $10 billion worth of
development that is scheduled
for the next few years".

*. .. . ....._-3 _... .:_ -. .\
..... i.,"A -L .. .. '.. l

At Subway, we bre proud of our uorkers-the men and women who
are dedicated to making you the freshest, healthiest sandwiches and
salads! Because of their hard work, Subwayo continues to be #1 in the
sandwich category for over a decade.

So this Labor r .1, we want to say thonk you to our employees, and
to all the other hard working employees who strive each and everyday
to be #1 in everything they do.

15 .- -, %^,-- "

Comej oin us for the summed!! We are running a
8 week camp starting June 30th, 2008
The cost per week is $185.00
9:00a.m. 3:00p.m.
Contact Judy Pinder at 324-2065, Monday to Friday for
the sign-up sheets. There is a non-refundable deposit of
$50.00 to hold your place. The camp only has 20 spots per
week and it is on a first come, first serve basis. Campers
m.U.s. be six (6) years or older.

"Learn to ride English style.
'Swim with the horses.
"Grooming & tacking up.
"Basic care of horses.
'And lots lots more.


Modelling Academy

Summer School Program
Starting 30th June 25th, July 2008
28th July 22nd, August 2008
Time: 9:00a.m. 1:00p.m. Ages 6-11 years old
12noon 4:00p.m. Ages 12 & up
Specializing in:
Register Now!
Tel: 394-6209
Email: yodephy@mac.com
Located Top of the Hill Mackey Street


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

Successful candidates will be innovative thinkers and have the ability to "think outside the box"
you will also need to demonstrate excellent communication skills, proven leadership abilities and
previous construction management skills is a must. Candidate must bring strong organizational
skills and be able to manage multiple fast paced projects at a time.


Minimum of a Bachelor's Degree
Proficiency in Microsoft software mainly Word, Excel and familiarity with Project
Management software.
Preparation of bid packages, budgets, estimates and cost analysis as well as overseeing of
the purchase of the necessary materials
Manage projects and ensure successful execution of work and establish communication
Procedures including the appropriate chain of command for all communications for
projects and set up an appropriate tracking system for necessary approvals
Establish meeting procedures and timetables
Ensure project documentation is accurate and coordinated
Provide updated progress reports on projects
Oversee construction activities including coordination of Contractors
Conduct design coordination meetings, pre-construction meetings, site inspections and
punch list meeting/coordination
Review all requests for information, change requests, etc. and issue appropriate response

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

C., ., . In I-

--- -- --ll~--~Y----------1"111~- I~CIW~I*








0** POR


All that lot of land having an area
of 10,000 sq ft, being lot no. 3 in
Yamacraw Beach Estates, in the
said subdivision situated in the
eastern district of New Providence
Bahamas. Located on the subject
property is a single-storey triplex
a E-- ..a building comprising of 3 units with
two 2-bedrooms, 1-bathroom,
living, dining, kitchen apartments
unit and one unit being used as
a barber and beauty salon. the
land is on a grade and level;
however the site appears to be
sufficiently elevated to disallow
the possibility of flooding during
annual heavy rainy periods of the year.
Appraisal: $313,016.00

Traveling south on Fox Hill Road, go pass Yamacraw Hill Road and Joe Farrington Road. The
subject property is located on the left hand side of Fox Hill road painted white trimmed brown.

-E - - - - - - - - - - - - - - - - - - - - - - - ---
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All that piece parcel or lot of land
and improvements, in the
settlement of Lower Bogue, North
Eleuthera, being No. 62,
.a.....-.. a .comprising of about 34,210 sq.
....ft., this site encompasses a 12
year old single storney home
comprising of 4 bedrooms, 3
-' bathrooms, front room, dining, .
breakfast room, kitchen and
laundry room, with a total living
Area of approximately 2,342.06.
Property also includes a double
car garage, and front entrance
with a total sq. ft. of approximately
655.75. This home is approximately 85% completed. The property is well landscaped with crab
grass, fiascos and some fruit trees.
Appraisal: $229,426.00
This property is situated on the western side of Eleuthera Highway in the settlement of Lower
- -- -- -------_ --_ -- ------- ----------- -- -- -----------4

All that piece parcel or lot of land
containing 42,616 sq. ft. and being
Lot # 90-D on a survey plan
Situated in the settlement of Lower
SBogue on the island of Eleuthera,
i this site encompasses a
commercial building consisting of
a restaurant and disco that is
approximately 13 yrs old, with a
total sq. ft. of approximately
.4,852.12, which includes male &
female rest rooms, stage area, 2-
..:. :.~ : ' dressing rooms, dining room,
commercial kitchen and storage
S ' improvements also includes a 660.4
sq, ft, front veranda, 752 sq, ft,
concrete walk-ways, and 192 sq, ft, back porch. This building is central air-conditioned.
Appraisal: $490,671.00
This property is situated on the western side of the main Eleuthera Highway & approximately 2,219
ft. northerly of Four-For-Nothing Road, in the settlement of Lower Bogue North Eleuthera. All utilities
and services available.

All that lot of land having an
area of 7,389 sq. ft., being lot
#1 of the Subdivision known as
Western Shores Phase II, the
1"1 said Subdivision situated in the
Western District of New
--Providence, Bahamas. Located
on the subject property is a
S' single structure comprising of
a single family residence
consisting of approximately
S.. ... 2,430 sq. ft. of enclosed living
Space. The residence
comprises of 3-bedroom with
closets, 2 1/2 bathrooms,
living/dining rooms, study, kitchen, utility room, porch and enclosed garage with electronic
door. The land appears to be sufficiently elevated to disallow the possibility of flooding during
annual heavy rainy periods of the year. The grounds are fairly well kept with improvements
including driveway, walkway and swimming pool. The yard is enclosed with walls.

Appraisal: $753,570.00

WINTON MEADOWS (Lot No. 382) Traveling west on West Bay Street. Go pass Orange Hill and Indigo Subdivisions, the house
I is located on the left near Tusculum Subdivision and painted all white.
All that piece parcel or lot of land r - - - - - - - - -- - - - - - -- - - -
., -'.- ..... having an area of 8,300 sq. ft.
S "'.being lot No. 382 situated in the Dorsetteville, Bamboo Town
Subdivision known as Winton Investment Opportunity Must Sell Lot No. 51
S. ''Meadows, the said subdivision
in a situated in the Eastern District ll that lot of lad hag an
of the Island of New Providence, I that lot of land having an area
SfBahamas. This property is, of 5,000 sq ft, being lot no. 51, of the
S nBahamas. This property is subdivision known as Dorsetteville,
S comprised of a 24 year old single the said subdivision situated in the
Sa family residence with an attached i Sr southem district of New Providence
,. ... efficiency (formerly the carport) Bahamas. Located on the subject
S a is oBahamas. Located on the subject
consisting of approximately I property is a structure comprising
2,675 s. ft. of enclosed living of an approximately 20yr old duplex
area, front porch-198 s. ft., back apartment comprising of
patio-380. The building is a two approximately n 641 sq. ft. of
storey house. Besides the enclosed living space Which includes
efficiency apartment, the house is comprised of 3-bedrooms, 3-bathrooms, inclusive of a master two 2-bedrooms, 1-bath, kitchen, livng
bedroom suite upstairs. Foyer, front room, dining room, family room, powder room, utility room, & dinin rooms units and an
breakfast nook and kitchen downstairs. Climate control is provided by ducted central air conditioning, approximately 9yr old one bedroom
with air circulation enhanced by ceiling fans and other amenities. Quality of construction: Average. apartment building comprisin of
Standard of maintenance: Average. Effective age: seven years (7) the land is on flat terrain; however 382 sq. ft. with bath, kitchen,
the site appears to be sufficiently elevated to disallow the possibility of flooding under normal living/dining room. the land is on a grade and level; the site appears to be sufficiently elevated to disallow
weather condition, including annual heavy rainy perods. The grounds are well kept, with improvements the possibility of flooding during annual heavy rainy periodsof the year. The grounds are fairly kept with
including neatly maintained lawns with flowering trees, and a concrete garden/storage shed, which I improvements of concrete parking area & concrete walkways around the premises. The yard is enclosed
is located in the backyard. The, yard is enclosed along the sides with chain-link fencing, and with chained linked fencing at the sides and back.
concrete block walls that are topped With metal railings, and metal gates at the front .and back.

APPRAISAL: $365,000.00
Traveling east on Prince Charles Drive, pass the streetlight at Fox Hill Road until you get to Meadows
Boulevard, turn right onto Meadows Boulevard, go south and take the 4th left, then 1st right. The
subject house is the 2nd house on the left side painted beige trimmed white.

Mutton Fish Point North Eleuthera
All that piece, parcel or lot of vacant land containing 44,714 sq. ft., and designated "E" which forms a portion of land
known as "Mutton Fish Point" situated about two miles northwestward of the settlement of Gregory Town on the island
of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is bounded ani abutting as follows:- Northwardly
by the land now or formerly the property of Coridon Limited, and running thereon for a distance of 393.13 hundredth ft.;
outwardly by a 30' wide road reservation and running thereon for a distance of 402.57 hundredth ft; eastwardly by the
main Queen's Highway and running thereon for a distance of 109.73 hundredth ft; westwardly by land now or formerly
the property of Caridon Limited and running thereon for a distance of 110.75 hundredth ft. this property having an area
'of approximately 44,714 sq. ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful
and has a topography of approximately 2 ft. with all utilities and services available.

Appraisal: $202,225.40
Traveling south on East Street from Soldier Road, turn right at Porky's Service Station [Victoria Blvd]. Travel
pass the third corner on the left, the subject property will be the 9th on the left side. Painted green trim white.

3 two bed, 1 bath fourplex 9,000 sq.
ft., lot no. 18b with an area for a small
shop. Age 12 years the land is a
portion of one of the Dundas Town
Crown Allotment parcels stretching
from Forest Drive to Front Street,
being just under a quarter acre in
size and on the lowside. A concrete
block structure, with asphalt shingle
roof and L-shape in design with a
total length of 70x26 ft, plus 50 x 22
ft., 2,920 sq. ft., the interior walls are
nnretero hlncks rceilinn is sheet rck

A PPR A ISA L : $51,421.00 I..' .. .. .. .. .. ..., .. . . ..
---- --PRAISAL:$5 and the floors of vinyl tiles.
Island Harbour Beach, Exuma
Appraisal: $265,225.00
All that parcel or lot of vacant land containing 10,000 (80'X 100') sq. ft. being Lot No. 9, Block 2, Island Harbour Beach I-- --
Subdivision situated the western most portion of the Hermitage Estate, Little Exuma Bahamas. The property is located
on an unpaved road known as Stocking Road. The property also has a commanding view of the ocean.

Appraisal: $80,000.00

Rainbow Subdivision Lot No. 3, Block 27
All that vacant lot of land having an area of approximately 14,052.59 sq. ft. being lot no. 3, block 27, section b, of Rainbow
Subdivision with residential zoning This pro ert is bounded a 2

Lot No. 6, Block 2, Millars Heights
All that lot of vacant land having an area of 16,000 sq ft, of the subdivision known and designated as Millars Heights, the said subdivision
situated in the southwestern district of New Providence, Bahamas. This property is zonned multi family / single family. The land is on a
grade and level; however the site appears to be sufficiently elevated to disallow the possibility of flooding during annual heavy rainy periods
of the year.

ft. East and about 99.94, ft south of Rainbow Hill Circle. 139.91 ft West. All utilities and services available. APPRAISAL: $355,000.00
Travelling west on Carmichael Road after passing Bamboo Shack and East Ave, make a left turn onto West Ave. The subject property will
Appraisal: $40,328.00 be on the left handside of the street enclosed with chain link fencing just before Wimpole Street
Lot B, Marigold Farm Road Allotment 67
All that lot of vacant land having an area of 1,173 acres and being referred to as the plot. the property is lot No. B and is situated on Marigold
Mutton Fish Point North Eleuthera Farm Road in the area known as Allotment 67, a subdivision situated in the south eastern district of New Providence Bahamas. This property
All that piece, parcel or tract of land containing 1 acre situated about two miles northwestward of the settlement of Gregory is zoned multi family.
Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is bounded and abutting Appraisal: $290,000.00
as follows:- Northwestwardly by the main Queens Highway and is running thereon for a distance of 125.462 feet Traveling from Joe Farrington Road onto Marigold Farm Road heading south. The subject is th 2nd to last property on the left hand side
northwestwardly by the land now of formerly the property of Coridon Limited, and running thereon for a distance of of the road near the pond.
390.274 hundredth ft.; southwestwardly by a 30' wide road reservation and running thereon for a distance of 128.128
hundredth ft; southeastwardly by the land now or formerly the property of the Venor and running thereon for a distance Blackwood, Abaco
of 322.955 hundredth ft. This property having an area of approximately 44,847.76 sq. ft. This neighbourhood is zoned All that lot of land having an area of approximately 258.064 sq. ft. This property is yet to reach its highest and best use. It
commercial development and is quiet and peaceful with a topography of approximately 2 ft. with all utilities and services is ideally suited to single or multi-family development as is the nature of surrounding properties within the community. The
available. site may also serve well as a commercial site as the area remains un-zoned the property remains largely in its original state.
APPRAISAL: $51,421.00 It is covered with low brush and broad leaf coppice vegetation intersperse with broad strands of mature Yellow Pine indigenous
This lot is vacant land and is located in the area known as "Mutton Fish Point" to the area. The property is well drained and represents no immediate flooding danger under normal 'conditions.

-Jn in APPRAISAL: $219,354.40
LOT NO. 10B, PALMETTO POINT The subject property is vacant and is situated at the Southeastern entrance of the Community of Blackwood, Abaco. The
All that piece, parcel or lot of vacant land containing 9,000 sq, ft., and being Lot No. 10B situated North of Ingraham's Pond and property is undivided and comprises approximately 6 acres of a larger tract of land of approximately 26 acres.
Eastwardly of North Palmettogpoint, on the island of Eleuthera, one of the islands of the Commonwealth of the Bahamas, and is
bounded and abutting as follows:- on the north by Lot No. 3B and running thereon for a distance of (90) ft; on the East by Lot No. - - -
11B and running thereon for a distance of (100) ft; on the south by a 20' wide road reservation and running thereon (90) ft on the I Lot B, Wilson Street, Rock Crusher
west by Lot No. 9B running thereon for a distance of (100) Ft, the said Lot is overgrown with shrubs and is in close proximity of a All that lot of land having an area of 10,498 sq ft, being lot B, between the subdivision known as Rock Crusher and in
white sandy beach. This neighborhood is zoned residential development and is quiet and peaceful with a topography of approximately the vicinity of Perpall Tract situated in the western district of New Providence, Bahamas. This property is zoned multi
50ft and because of this there is no danger of flooding. The area is approximately 80% developed with all utilities and services family/single family. Also located on this property is a structure comprising of a duplex at foundation level under
available, construction, and consisting of approximately 1,566 sq.,ft. of enclosed living space with a patio consisting of 270. sq.
APPRAISAL: $72,000.00 ft. the starter bars are in place and foundation poured.

Mutton Fish Point North Eleuthera
All that piece, parcel or lot of vacant land and improvements containing approximately 44,587 sq. ft. and designated "F' which forms
a portion of land known as "Mutton Fish Point" situated about two miles northwestward of the settlement of Gregory Town on the
island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and bounded and abutting as follows:- Northwardly
by the land now or formerly the property of Coridon Limited, and running thereon for a distance of 383.56 hundredth ft; southwardly
by land now or formerly the property of Caridon Limited and running thereon for a distance of 393-19 hundredth, ft. eastwardly by
the main Queen's Highway and running thereon for a distance of 113.40 hundredth ft. westwardly by land now or formerly the
property of Coridon Limited and running thereon for a distance of 113.40 hundredth ft. this neighbourhood is zoned commercial/residential
development and is quiet, peaceful and has a topography of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,276.00

Appraisal: $97,214.00
Traveling West on Farrington Road take a right after the P.L.P. headquarters, go about midways through to Wilson
Street, go though the comer all the way to the dead end. The property is located behind the chain linked fence at the back
of the yard.
North Eleuthera Heights (ELEUTHERA)
Lot #20 approximately 11,200 sq. ft., and bounded on North by Early Settler Drive and South by Deal Investment Ltd., this
is a single family zoning and 50 ft., above sea level. This site encompasses a foundation with plumbing and roughing inplace
and well compacked quarry fill. The concrete floor has not been poured as yet. The foundation is 2,511 sq. ft. Lot #20 situated
1.5 miles east wardly of the Bluff Settlement. The said lot is vacant and a hill over looking the Atlantic Ocean.
Appraisal: $41,275.00

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Appraisal: $930,000.00
All that lot of land having an
area of 30000 square feet,
being lot Number 17 of the
subdivision known as
Westridge Estates Addition.
Situate in the Westeir District
an the island of New
Located on the subject
property is a newly con.
structed single storey
struct te comprising 6,000

feet of living space With a three Car Garage.
The building is 75% completed and comprises five bedrooms, four and a
half baths study, living/dinig, family room, kitchen, laundry and generator
Location: From SuperValue VAbst Bat take the road heading weat into Westridge, take
the first corner on the Right, Westridge Drive. Subject property will be about the
seventh on the right hand side of the road.

Lot #18 BLOCK #27 VENICE BAY Appraisal aS91,a95.00
A mufitfaminly lot of 12,225 square feet conptising three structures. One
complete unit at the front comprising 1638 and a porch of 200 square feet
of living space. A middle structure |town house) of 1626 square feet of
lving space that's 80% complete and the third building at the rear of the
property up to belt course comprising 1627 square feet. Each buldling has
two bedrooms, one bathroom, Hving and dining
areas and kitchen.

Directions.:Travael ng West on Casnichael Rd, tun nto
Bacardi Road. Travel South past Millar's Pond just .,- i
before reaching Bacafdi. Turn Right tonto paved rmad
after passing the pMrd. threat is located on the Right
side of the road.


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SAppraisal S456,000.00

A single family property comprising
11,350 square feet, .
Located on this property is an 11-year- s
old single family two storey residence a ap-
comprising 3,794 square feet of living
space. ..
The lower floor consist of liavng, dining
and kitchen area, guest bedromsn, a s -
stairway, bathroom and other public "-.
areas. The upper floor contains two _
bedrooms, one bathroom, Master Suite
inclusive of bedroom, bathroom and
Directions: T~ravedg ast on Prince Chares. Orve, turn Hight at Super Vatue Food Store.
Proceed to the T-Junbctin, tum left, then anI ilneclate Ht. Property le located near the Dead
End cofner on tohe ght side of thOe road

OFF SOLDIER ROAD Appraisal: $303,000.00

... Th subject property
';,;., : consisting of 8,400
.' _:,, .. square feot is
-i-- developed with a
split leveled homan
.. with 1925. square
feet of floor area on
the ground floor, a
.... .,porch area of 437
Square feet and
-ll: ZP -al ndfloor area of
S" 735 square feet. The
building is of sound construction and completed in its entirety. The
ground floor comprises 2 bedrooms, one bath, a kitchen, dining and
family room. The second floor comprises two bedrooms, one bath, living
and dining areas.
Directions to property: Heading East on Sold ir Road, turn left onto first paved road
opposite Lowee Wholesale, 2nd to last house on the road with chain linked fence.


Appraisal: $171,000.00

The subject property is developed
with a duplex building consisting .
ofapproximately 1,512 square feet
of living space, inclusive of two
.bedmoes, living and dining areas,-
kitchle and bathroom. Ventilation
in bedrooms is by Wall airanditiaon '
units. ..-
Directions: Traveling West on Garmichael take the comer North of Golden Gates
Assembly immediately before Texico Station. Follow the bend. Subject property is
shortly after passing bend. Painted Green trimmed blue.

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Appraisal: $136,000.00

Located on this 4,200 square feet .____1_Mo-,
singleAnulti family property is a 20#
yeaerold building of T.I11 wood with j
canoaete floor, consisting approxl
lately 2,198 square feet of encdosed
space. The str eture was formerly ---
used as a retail stare and storage
facility. -. k-
Directions: From Golden Gatee Shopping Centre, Baillou Hill Road. Take the third
corner on the Right after paasing Farmer's Market. Take the second Right then
First right (Sun Close) subject is the fourth property on the Right white trimmed

Lot 67 Block 7
Located on this .30 of an acre
property is a newly built 1,900
square feet of living space single
family dwelling comprising an
entrance porch, four bedrooms,
.two bathrooms and kitchen; a
living, dining, powder and laundry
room with adequate closet and
storage space.

Appraisah $219,614.00

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Lot 12 Block 13 Unit 2

Appraisal: $254,355.00

Located on this .35 of an acre .. .
property is a sixteen-year-old ,...'
single family residence _
comprising four bedrooms, two .
bathrooms, living, dining,
storage, utility and laundry' '
rooms; there is a foyear kitchen
and den. The total area of living
space is 3,016 square feet.-_. "; ..

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Lot 5, Block 6, Unit 2

Appraisal: $245,827.00

The subject lot contains an
approximate area of (17,789 '
sq. ft) seventeen thousand
seven hundred and eighty i'r
nine sq. ft. or 41 of an acre.
Situated thereon Is a single
storey, single family dwelling -:. -:;.'I.
of conventional concrete
bloc ks and poured concrete .
Accommodations are three bedrooms throe and a half baths,
living, dining, full service kitchen with centre Island stove with a
snack counter opened into a family room, exiting to an opened
patio at the rear. Adjourning the patio is a study laundry room and
single car garage. The structure contains approximately 2,567 sq.
ft of living space.

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Lot 23A, Block KN, John Wentworth Avenue, Unit 1


Appraisal: $718,000.00

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Located on this Multi Family lot of 23,564 square feet are two
Incomplete buildings. 1Sngle story Triplex of 3,502 square feet
inclusive of Living and dining awa with full service kitchen thuee
bedrooms Inclusive of Master bedroom and two bathrooms per unit.

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Located on this 9,375 square feet single family residential
property is a 3year-old structure. Acconmmodations Incuhde three
bedrooms, two and a half (21/2) bathrooms, kitchen, family room,
dining area, living room and laudry room. Total living aea is
1,511 square feet and the covered porch is approximately 132
square fe t.


Appraisal: $40,000.00

The property has an area of 13,027 square feet or .30 of an acre

Lot No. 20, Block 1, Unit 3
All that lot of vacant land having an area of 12,650 sq. ft. being lot No.
20, Block I Unit 3 of the Subdivision known and designated as fortune
Point Subdivision, Freeport, Grand Bahama. Duplex property zoning
with a rectangle shape.


Lot Numbers 20 & 21, DUNTON LANE
FREEPORT, GRAND BAHAMA Appraisal: $37,000000ea.

Each lot is vacant and irregular in shape and contains an area of 18,278
square feet. The iots are Multifamily azned.

Lot Numbers 23, 24, 25, 26 & 27
Appraisal: Lot 23 $37,000.00, Lots 24-27 $35,000.00 ea.

Each lot is vacant and irregular in shap and contains an ama of 18,278
square feet. The lots are Multifamily zoned

FREEPORT, GRAND BAHAMA Appraisal: $337,000.00

All that lot of land having an area of 16,533 sq. ft. being lot No. 37 of
the subdivision known and designated as Bahamia Marina and
Bahamia Section 4 Subdivision, Freeport, Grand Bahama. Located on
this property is a structure comprising a 3 year old duplex structure
which covers approximately {3,058) square feet. Apartment
consisting of two 2-4edrooms, 2bhathroom with private Jacuszz in
master bath, spacious living and dining room, full service kitchen, a
laundry and utility room, foyerfhallway with linen and storage closet
The property is fully secured by six foot plastic coated chain-link
fence runs along the side and tear and adjoins the painted 4 foot
wall, with 5 foot pillars at front with electronic gate.

Uei asUeU ESE SEamn gmen sEaEng GoIne


Appraisal: $116,190.00

Located on this 72x102 feet property is a 16 years old single
family dwelling comprising 1,490 square feet of living space. This
includes, a living, dining and laundry room, kitchen, three
bedrooms, two bathrooms, a garage and entrance porch.

wam..o.om EOIU iSEom SeNSEi ENSE ElUne




'1i ;1

The subject property Is located on Kingway Road and is
developed with an area of 20,000 square feet Situated thereon is
a residence comprised of 3,645 square feet of living
accomr odations, inclusive of 4 bedrooms, 2 baths, with laundry
and utility spaces and a two bedroom one bath guest cottage of
600 square feet. The property is fenced with white picket fencing
and has a Gazebo at the highest portion of the property.

.0 *.L~ 4, a a. 4 4r 4 b~- F *~1r








'Your Bahamlan Su ermaket s"

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$4 89




Shurfine, Dry Roasted, 16 oz
PEA NUT S........... 3. 29
Royal Dansk, 12 oz
COOKIES ,...... ....3. 99
Sunchy, 12 oz
MALT TONIC.......21$ .50

Shurfie, Honey Roasted, 12 oz
PEANUTS m........ f$2.59
Valu-Time, Duplex/Asst'd, 32 oz
COOKI ES............w 299
Shurfine, 24 ct
9SPO0 NS........ ......... 99
Shurfine, 16 oz., 20 ct.
Valu Time, 40 ct.
FOAM PLATES....$1.79
Valu Time, 200 ct
NA PKI ..NS ..........$2.39
Libby's, Gal.
CO RN/BE ETS......$5.99



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Government backing

Tropical's port plans








per lb

14 69

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AKSTONE, 8 oz F OSTY ACRE, Whole. 186
UR CREAM............$2.19 GREEN BEANSL. -.,_

FROM page 1B

them out if it was given control
over the proposed Arawak
l Cay port.
Dr Deveaux told The Tri-
bune that the Government had
met with both Nassau-based
shipping companies and MSC
over the new'port.
He said: "We indicated to .
them that the Government was
mindful to support the Tropi-
cal proposal, meaning the local
shippers, and that we would
| assist them on specific require-
ments, with regard to the quan-
tum of land [needed] and the
model they chose to offer."
The Tribune had previous-
ly been told that the Bahamian
shipping companies were find-
ing it difficult to work with,
I and obtain co-operation from,
MSC, despite the Government
having previously expressed
hopes that the two sides could
work together.
One source familiar with the
situation told this newspaper:
"The efforts of Tropical Ship-
ping and the group to co-oper-
S ate with MSC were not very
ST_ ER well-received. I had heard that
MSC was not showing much
Dr Deveaux said he was
unable to comment on the
state of relations between MSC
mE S and the Bahamian shipping
companies, but added: "MSC
IX had offered to construct and
^manage a port facility under a
joint venture with the local
shippers. They were not inter-
ested in that.
"They preferred to have it
the other way round, where
they lead the charge. MSC's
needs would be accommodat-
ed in that regard."
He added: "The local ship-
S pers have agreed to combine
together to build a port. The
structure of the ownership and
what they offer to the public
$ 2 39 is what they are working on -

the quantum of the public's
stake and how they form their
"These are the details they
are evaluating and getting back
to the Government on. We
would provide the land at
Arawak Cay, and the land for
the inland [container terminal
at Gladstone Road]."
The Government, Dr
Deveaux said, was also closely
collaborating with the shipping
companies on the forthcoming
dredging of Nassau harbour,
which is designed to enable the
city to accommodate the
world's largest cruise ship class
by summe 2009.
The harbour dredging is due
to start by fall 2008, and Dr
Deveaux said the Government
was providing the shipping
companies with timelines on
when the Environmental
Impact Assessment (EIA) for
the project would be complet-
ed, and when a contract for the
actual dredging would be
The harbour dredging the
area covered and the channel
size would impact the
Arawak Cay port, Dr Deveaux
explained, and how the ship-
ping companies "configured
the port's bulkheads, the place-
ment of the fill and how they
offload the containers".
"Once they have the EIA
and configuration of the design
for the scope of works for the
harbour dredging, that will
inform a lot of things they [the
shipping companies] have to
do," Dr Deveaux said.
"They've been very helpful in
suggesting how to dispose of
the fill."
Tribune Business previously
revealed Tropical Shipping's
proposals for the Arawak Cay
port in mid-March this year,
its $175 million plan involving
$140-$15C millionn in total con-

struction costs over a three-
year period.
Arguing that its plans would
"accommodate all future cargo
flows for 30 years", Tropical
Shipping said the balance of
the $175 million needed would
come from five container ter-
minal operators investing
between $3-$7 million each to
equip and outfit their facilities.
Tropical proposed that the
Arawak Cay port consist of
four 12-acre plots, and one
five-acre plot, and projected
that the Arawak Cay facility
would generate an economic
IRR (internal rate of return) of
17 per cent.
The report estimated con-
servatively that the volume of
containers, or twenty-foot
equipment (TEU) units and
larger containers, coming into
New Providence would grow
on average by 3 per cent per
annum over the next 30 years.
This growth rate would take
the volume of shipping con-
tainers brought into Arawak
Cay per year from the current
70,000 level to 150,000 TEUs
some 30 years from now in
Tropical said that if con-
struction and investment at
Arawak Cay started now, it
could be constructed in three
years and operational in 2012.
Annual maintenance costs
were pegged at 2 per cent of
the project's value.
The projected annual sav-
ings from the Arawak Cay port
were pegged at $26 million in
2015, $43 million in 2025 and
$69 million by 2035. Much of
this was set to come from
reduced cargo handling costs,
with savings in 2035 estimated
at $33.5 million.
Tropical said that if a 50 per
cent savings could be made on
the 70,000 TEUs currently
coming into Nassau, this would
translate into $7 million worth
of savings on prices paid by
Bahamian consumers.

.AXY, Siced, 10 oz. HEALTHY CHOICE, Assd., 10 oa.
:EESE...................1 .59 STEAMERS ..... .. $4.39
NY DEUGHT, 64 aea.
FRUS PUNCH,.......$3.39 CORTo-$COB. 4$3.19

I022l At WlrI

1 Ib.

I Ib.

I- W,


$ 99

/$ 4 29


$ 49

S. ......... .


per Ib.




pe b









Needed For
Established Out-Island Resort

The Successful Candidate Must Possess:

1. Minimum 10 years documented
experience as a director in similar
2. Minimum 5 years caribbean experience.
3. Must be a certified engineering operation
4. 1st class a/c and boilers engineering
5. Internal combustion engine license.
6. Refrigeration license.
7. Experience in the design and
implementation of a comprehensive
preventative maintenance program.
8. Knowledge of single phase/3 phase
9. Full knowledge of stand-alone generator.
10. Scheduling of staff.
11. Accounting/billing skill.
12. Computer fluency.
13. Reading of as-built drawings,
architectural plans and electrical

Compensation is commensurate with
experience, but does include excellent salary,
housing, and vehicle.

Submit CV with references to:
Bob.kramm @ abacobeachresort.com


Notice is hereby given that the Twenty-eigth (28th) An-
nual General Meeting of THE PUBLIC WORKERS'
be held at The British Colonial Hilton Hotel, West Bay
Street, on Friday, July 4; 2008 commencing at 6:30 p.m.
for the following purposes:

* To receive the report of The Board of Directors.
* To receive the Audited Accounts for 2007
* To elect members of The Board of Directors, and
'Supervisory Committee
* To discuss and approve the budget for 2009.
All eligible members wishing to run for a position on the
Board of Directors or Supervisory Commitee are asked to
submit their names to any of the Credit Union's Offices
in Nassau or Freeport, no later than Friday, June 27, 2008
by 4:00 p.m.

All members are urged to attend, and
refreshments will be.served!

Florida Power & Light

seeks 16 per cent hike

for the cost of fuel

Florida Power & Light is asking to be
allowed to charge more for electricity
because of skyrocketing fuel costs.
The state's largest electric company filed
a request Tuesday with the Public Ser-
vice Commission seeking an increase. It

would be about 16 per cent for the average
The increase for the company's 4.5 mil-
lion Florida customers would go into effect
later this summer.
If approved, FPL would charge $16.28
per month more for a 1,000 kilowatt hours

of electricity for the last five months of the
year. A hearing on the request could come
next month.
Power companies are allowed to pass
along higher fuel costs when they go up,
but they must also reduce the charge if
fuel costs go down.

Private islands key to cruise growth

.NOTICE is hereby given that HERCULES PREVILIEN
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 29th day
of MAY 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

in a 2007 Dodge Magnum
to your 7 2owo
LIX ..' ( L We'll pick you up from
home, take you to the
l studio, and then to the
; -- "You don't have to be
S. rich and famous to
Give us a call"
PH# 326-1228/9
so call us TODAY.


We are pleased to announce the formation of the law
firm to be known as:-

(incorporating the previous firm known
Isaacs & Co.),
Counsel & Attorneys-at-Law,
The Rigarno Building,
Bay Street & Victoria Avenue,
P. O. Box N-4755,
Nassau, Bahamas.

Partners: S. Oswald A. Isaacs
W. Scott Ward

Firm Manager: Gregory D. Roberts


as Roberts,

FROM page 1B

It said that Coco Cay/ Little
Stirrup Cay, Great Stirrup Cay,
Half Moon Cay, Princess Cay
and Castaway Cay all experi-
enced this growth. The min-
istry noted that Castaway Cay,
however, suffered a decline in
March which significantly off-
set the increases for the month

of January and February 2008.
Additionally, the Ministry
said that increases in cruise
passengers to the Family
Islands were enough to coun-
teract the declines in cruise
arrivals in Nassau and Grand
Bahama, which declined pri-
marily because major cruise
lines -c hiefly Carnival -
brought fewer passengers into
Nassau and Grand Bahama.

NOTICE is hereby given that HELGA BETHELL of
BOX N-487, 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 5TH day of JUNE 2008 to
the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.

The Public is hereby advised that I, DEMETRIA JERNELL
AMARIS MAJOR of Elizabeth Estates, P.O. Box N-1051, Nassau,
Bahamas, intend to change the name of my daughter, DANYELLE
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 N-742, Nassau, Bahamas no later than thirty (30)
days after the date of publication of this notice.

NOTICE is hereby given that PATRICK YOUTE
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 29th day
of MAY 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.


UBS (Bahamas) Ltd. is one of the world's leading financial
institutions in the Caribbean. Our Business Area Vealth
Management International looks after wealthy private clients by
providing them with comprehensive, value enhancing services.
Our client advisors combine strong personal relationships with
the.resources that are available from across UBS, helping them
provide a full range of wealth management services.
In order to strengthen our team in Nassau, we are looking to fill
the following position:

Client Relationship Manager
In this challenging position you will be responsible for the
following tasks (traveling required):

Advisory of existing clients
Acquisition of high net worth individuals
Presentation and implementation of investment solutions
in French and English

Minimum Requirements:

BS/BA degree preferred
Minimum 4 years experience in marketing financial services
to' high net worth investors
Has experience in providing investment advice to Private
Banking Clients
Good knowledge of financial markets and capital market
products, fixed income/equity products, banking products,
trust structures, alternative investments
Excellent communication, organizational and client
relationship management skills
Must be able to read, write and speak fluently in French
Excellent computer skills (Excel, PowerPoint, Word)

Interested? Written applications should be sent to:

hrbahamas@ubs.com or

UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas





US wage pressures ease in

AP Economics Writer
Worker productivity increased
at a faster pace in the first
three months of this year than
previously estimated, while
wage pressures moderated.
The Labour Department
reported Wednesday that pro-
ductivity rose at an annual rate
of 2.6 per cent in the January-
March period, faster than the
government's initial, estimate
of 2.2 per cent made a month
Wage pressures, meanwhile,
moderated from the final three

months of last year with unit
labour costs rising at an annu-
al rate of 2.2 per cent in the
first quarter. That was a
marked slowdown from a 4.7
per cent surge in labour costs
in the final three months of last
While rising wages and ben-
efits are good for employees,
those increases can lead to
higher inflation if businesses
are forced to boost the cost of
their products to cover the
higher payroll costs. Howev-
er, if productivity is increasing,
it allows businesses to finance
higher wages out of the
increased output.
The Federal Reserve, always

NOTICE is hereby given that SONY PIERRE of FAITH
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 5TH day of JUNE 2008
to the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.

NOTICE is hereby given that CELESSON ODEUS of
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
5TH day of JUNE 2008 to the Minister responsible for
Nationality and Citizenship, P.O.Box N- 7147, Nassau,

NOTICE is hereby given that LESLEY DORCEVAL of
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,
;5TH day of. JUNE 2008 to the Minister responsible for
Nationality and Citizenship, P.O.Box N- 7147, Nassau,

NOTICE is hereby given that MARIE-LOURDES
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 29th day
of MAY 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

NOTICE is hereby given that WINIS LOUIDOR of
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.

NOTICE is hereby given that ANIDE CHRISTIAN of
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 5TH day of
JUNE 2008 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

NOTICE is hereby given that MELILA CHERI-
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 29th day
of MAY 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

NOTICE is hereby given that KERLINE BLANC
of HOPE TOWN, 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 29th day of
MAY 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

on guard about the threat of
inflation, closely monitors
developments in productivity
since wage pressures are often
the main way inflation gets out
of control.
The 2.6 per cent rate of
growth in productivity was a
significant improvement from
a 1.8 per cent increase in the
final four months of last year.
The 2.2 per cent rise in labour
costs, unchanged from the ini-
tial estimate a month ago,
marked a sharp slowdown
from a 4.7 per cent rate of
growth in labour costs in the
fourth quarter of last year.
"There is plenty to worry
about on the inflation front.
Soaring prices for energy, food
and other commodities are
pushing up input costs for com-
panies and raising the cost of
living for consumers, but
labour costs remain subdued,"
said Nigel Gault, chief U.S.
economist at Global Insight.
Gault and other analysts said
that the news on productivity
and labour costs should be wel-

comed by the Fed, which has
started to worry more about
inflation pressures in the fape
of the relentless surge in ener-
gy and food costs.
The Fed cut rates for a sev-
enth time on April 30, but the
reduction was a smaller quar-
ter-point move. The central
bank indicated the rate cuts
could be drawing to a close as
the attention shifted from wor-
rying about keeping the coun-
try out of a steep recession to
concerns about inflation.
Fed Chairman Ben
Bernanke discussed his infla-
tion concerns in a speech on
Tuesday, worrying that a rapid
rise in prices, if sustained,
"might lead the public to
expect higher long-term infla-
tion rates, an expectation that
ultimately could become self-
Bernanke's remarks were
seen as a strong signal that the
Fed is through cutting interest
rates and may start raising
rates later this year as a way
to battle inflation pressures.

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Nassau's Leading Printers requires the
services of experienced Graphic Artists.
Working knowledge of
Adobe Photoshop & InDesign a plus

Apply at:
.Miramar House, Bay & Christie Streets

dlary comm irate with experience


Major firm in the financial and legal services industry
invites applicants for the following positions:


Ideal candidate must have minimum five years
legal experience in Commercial and Litigation
areas; ability to draft legal and court documents;
knowledge of the litigation process, possess
excellent typing, shorthand and communications
skills; ability to multi-task and prioritize.

Professional qualifications or training would be an

Ideal candidate will be required to perform a full
range of litigation paralegal tasks from case
inception through discovery process, trial, post-
trial proceedings and case closure; ability to draft
pleadings and motions and research case law;
support supervising attorney in the preparation of
legal arguments and trial preparation.

Bachelor's degree in law and 3 years experience
preferred; must have knowledge of MS Office;
Westlaw and/or Lexis Nexis.

Compensation: commensurate with qualifications
and experience.

Reply in confidence to:vacancy50@qmail.com


The Fed wants to make sure
that soaring energy costs don't
produce higher wage pressures


that could trigger a disastrous
wage-price spiral like the coun-
try experienced in the 1970s.

Essay Competition

Ninth Annual

Public Service Week

The Department of Public Service will host an Essay
Competition as one of the activities for the Ninth
Annual Public Service Week. The Competition is
open to Junior and Senior High School Students.

Students interested in participating should write
a 250 300 words (Junior High), and 450 500
words (Senior High), essay on the topic; "The
Public Service Focused on Improving Customer

The deadline for entries, which should be referred
to the attention of Ms. Antoinette Thompson, Deputy
Permanent Secretary, Department of Public Service,
is Friday 27th June, 2008.

A Dell Desktop 2400 computer system will be
awarded to the winner in each category.

The winners will be announced during the Ninth
Annual Public Service Week Awards Ceremony
scheduled for 11th October, 2008.

NOTICE is hereby given that NICOLE LOUISSAINT
CR-56596, NASSAU, BAHAMAS, is applying to the
Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citize'obf The Bahamas,
and that any person.-whtW, r~0ps:'any reason why
registration/ naturalization ,shout!i0ot 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.





Applications are invited from suitably qualified
persons for appointment as Stipendiary and Circuit
Magistrate in the Office of the Judiciary (Supreme
& Magistrate Court), New Providence.

Applicants must be members of the English, Irish,
Scottish or Bahamian Bars or of the Bar of any
country of the Commonwealth to which a member
of The Bahamas Bar is admitted without
examination. In addition, they must be at least five
(5) years standing in the Bar or have enrolled and
practiced as a Solicitor for at least five (5) years in
the above-mentioned countries.

The duties of the post are as set out in The
Magistrates Act Chapter 42 of the Statute Laws of
The Bahamas and all other applicable Statutes as
well as The Common Law, where applicable, and
all rules made thereunder, and all other statutory
duties which may be prescribed from time to time.

The salary of the post is in Scale JL14 $49,800 x
700 to 55,400 per annum. A Responsibility
Allowance of $4,000 per annum and a Scarcity
Allowance of $7,500 per annum are attached to the

Serving officers must apply through their Heads of

Application forms may be obtained from the Judicial
& Legal Service Commission, 3rd Floor, Ansbacher
House, East Street & Bank Lane, and should be
returned to the Secretary, P.O. Box N-167, Nassau,
The Bahamas, not later than Friday, 13th June 2008.





Bank's loani book grows 17 per cent in year to May 2008

FROM page 1B. Since then, that mix had
Changed to 80/20 in favour of
He added that Fidelity Bank mortgages at year-end 2007,
(Bahamas) main targets were and now stood at 77/23 for
now to achieve "scale", 2008 year-to-date, Mr Sunder-
exploiting the economies and ji said.
efficiencies achieved through "Out target is to end the
adding additional assets at min year at 70/30," he added, "and
Simal cost, and increasing asset to continue to improve by
yields by subtly changing its reaching 60/40 next year, and
loan portfolio mix in favour of the target of 50/50 in 2010.
more consumer, loans. .. :.... As.. N w.change the mix of
"We're looking to expand our loan book, the net yield
our consumer loan book, and" will improve by 150-200 basis
, have made excellent progress," points, which we will see hit
Mr Sunderji said. : right to the bottom line."'
He explained that at year- To finance its loan book
end 2006, .Fidelity-.ank grpwth,,, 1 Fidelity. Bank
(Bahamas) loan portfolio mix (Bahamiis) raised another $10
had been weighted 83 per million via a private placement,,
cent/17 per cent in favour of the second, tranche in a $50
mortgages- its traditional niar- niillion note programme that
ket when compared to con- Fidelity Bank (Bahamas)
summer loans*. launched in late 2007.


(In Volutaary LIquLdton)

Notice is hereby. given that the above named
Company is in dissolution, which commenced
on the 6th day of March 2008. The Liquidator
is Argosd Corp. Trie., P.; 0.Box N-7757 Nassau,
Bahamas. ..
Z' 4 !

I- I
Legal Not e


I in oifntiry Liquidation)

Notice is hereby gie that the above named
Company is in sdianotion which commenced
on the 14th day ,oftMarch 200Q The. Liquidator
is Argosai'Co:lp I P O ;:B6:N-7757 Naissau,


Legal Notice


(In Voluntary Liquidation)

Notice is hereby given that the above named
Company is in dissolution, which commenced
on the 23rd day of April 2008. The Liquidator
is Argosa Corp.' nc., P. 0. Bo6 N-7757 Nassau,




(In Voluntary Liquidation)

Notice is hereby given that the above named
Company is in dissolution, which commenced
on the 14th day of April 2008. The Liquidator
is Argosa Corp. Inc., P. O. BokxN-7757 Nassau,

---------(--------< ----)

The latest bond issue was
split into two parts, each worth
$5 million. The Series C
redeemable Fixed Rate Notes
will pay investors an interest
rate of 7 per cent, with a matu-
rity date of 2013, while the
Series D redeemable Floating
Rate Notes will pay investors
an interest rate of Prime plus
1.75 per cent. They will mature
in 2015.
"We were fully subscribed
and were very pleased with it,"
Mr Sunderji said of the $10
million bond issue. "Things are
working according to plan." .
SYet no new bond issues are
planned, despite the previous
two having been fully sub-
scribed by Bahamian institu-
tional and high net-worth
"Our business continues to

'grow very rapidly, and our
deposits are continuing to grow
as well," Mr Sunderji told Tri-
bune Business. "With
improved liquidity in the sys-
tem, we're looking to tap the
domestic deposit markets,
rather than the capital mar-

With deposit rates under
pressure and likely to fall, the
cost of financing loan book
growth from this source had
fallen, compared to bond
"We think deposit rates are
going to ease a bit. There are
already signs deposit rates are
easing, and that means the cost
of funding will be lower. We're
looking to revert to traditional

Legal Notice

(No.45 of 2000)


Notice is hereby given that in accordance with Section
137 (4) of the International Business Companies Act
LIMITED has been dissolved and struck off the Register
according to the Certificate of Dissolution issued by the
Registrar General on the 21st day of May, 2008.

SGG Services Generaux de Gestion (Sulsse) SA.
Rue de I'Arquebuse 7,
1204 Geneva,


International Business Companies Act
(N*.45 of 2000)
In Voluntary Liquidation

Notice is hereby given in a&ordance with Section 138
(8) of the International Business Companies Act, N*. 45
of 2000, the Dissolution of CLICHY CORPORATION
has been completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck off the

The date of completion of the dissolution was the 29th
day of May, 2008. .




(No.45 of 2000)
In Voluntary Liquidation

Notice is hereby given that in accordance with Section 138 (4)
of the International Business Companies Act, (No.45 of 2000),
KINNAIRD GLENDALE LIMITED is in dissolution. Leo
Victor Lohle is the Liquidator and can be contacted at 1 Bas-
inghall Avenue, London, EC2V 5DD. All person having claims
against the above-named company are required to send their
names, addresses and particulars of their debts or claims to the
Liquidator before the 5th day of July, 2008.

Lao Victor Lohle

In Voluntary Liquidation


Notice is hereby given that in accordance with Section 137 (4) of
the International Business Companies Act 2000,
WAN-FU CHINA, LTD. is in dissolution.

The date of commencement of dissolution was October 15th, 2007
Eligio Rodriguez of Credicorp Bank Plaza, 26th Floor,
Nicanor de Obanio Avenue, 50th Street, Panama,
Republic of Panama is the Liquidator of WAN-FU CHINA, LTD

Eligio Rodriguez

methods of funding growth in
our loan book."
Mr Sunderji said Fidelity
Bank (Bahamas) was still
enjoying "quite significant
growth" in its assets, adding:
"Our loan book has grown by
$25 million in the first five
months of the year, or 17 per
cent, which is tracking the phe-
nomenal growth the bank
enjoyed last year.
"The bank is growing much
more rapidly, and at a sub-
stantially higher rate than its
historical growth rate. It is now
consistent with the growth
rates of the larger banks in dol-
lar terms."
Fidelity Bank (Bahamas)
loan portfolio growth for the
first five months this year is
more than half the total $40
million growth it enjoyed in
the 2007 full-year.
Over the last six months,
which includes December
2007, The Tribune's research
showed that Fidelity Bank
(Bahamas) loan book grew by
$36 million, compared to $34
million growth at FINCO over
what was almost the same six
month period.
"Our main focus has been
to have scale," Mr Sunderji
told Tribune Business. "The
banking business is very highly
leveraged operationally. Fixed
costs are very high, and don't
change materially as you grow.
"We're focused on growing
the bank because the cost base
does not materially change as
you grow assets."
And the loan portfolio mix's
switch in favour of a heavier
consumer loan weighting is
designed to improve yields,
given that these loans attract
higher interest rates than
Fidelity Bank (Bahamas) tra-
ditional mortgage products.

"When the cost of funds
goes up, as it has in the recent
past, you're largely dependent
on the mortgage sector, which
is very competitive, with rates
at around 8-9 per cent," Mr
Sunderji said.
"It's tough to make a lot of
money when the cost of funds
is 5-6 per cent."
The loan portfolio mix
change, he added, would give
Fidelity Bank (Bahamas) "the
right balance of risk in our
portfolio, consistent with how
we are structured".
"Next year is a tipping point
for us. We will see improved
scale, loan yields and expenses
levelling off. All should result
in a growing bottom line," Mr
Sunderji said.
In a previous interview with'
The Tribune, Mr Sunderji, who
is also chairman and chief
executive of the bank's 75 per
cent majority shareholder,
Fidelity Bank & Trust Inter-
national, said Fidelity Bank
(Bahamas) was targeting per
annum income of $7-$10 mil-
lion in the next three years, as
it invested and sacrificed short-
term profits for long-ruin
growth and profitability.
Such a performance would
mark a major change from the
present, as Fidelity Bank
'(Bahamas) net income for the
2008 first quarter grew from
only $309,440 in 2007 to
$390,909 this time around. This
represented a 26.3 per cent
Fidelity Bank (Bahamas) net
income performance has essen-
tially been flat for the past sev-
eral years, ticking over at
between $1 million-$2 million
per annum, indicating that loan
book growth has yet to com-
pletely filter down to the bot-
tom line.


International Business Companies Act
(N*.45 of 2000)
In Voluntary Liquidation

Notice is hqreby given in accordance with Section 138
(8) of the International Business Companies Act, N*. 45
of 2000, the Dissolution of CENS CORPORATION
LTD. has been completed, a Certificate of Dissolution
has been issued and the Company has therefore been
struck off the Register.

The date of completion of the dissolution was the 29th
day of May, 2008.




(In Voluntary Liquidation)

In accordance with Section 228 of The Companies Act.,
NOTICE is hereby given that the following Resolutions
were passed by the Shareholders Resolutions on the
Twenty-seventh day of May, A.D., 2008:
2.That Mrs. Alison Treco be appointed the Liquidator for the purpose
of such winding up.

Dated the 3rd day of June, A.D., 2008.

Mrs. Alison Treco



(In Voluntary Liquidation)

In accordance with Section 228 of The Companies Act.,
NOTICE is hereby given that the following Resolutions
were passed by the Shareholders Resolutions on the
Twenty-seventh day of May, A.D., 2008:
2.That Mrs. Alison Treco be appointed the Liquidator for-the purpose
of such winding up.
Dated the 3rd day of June, A.D., 2008.

Mrs. Alison Treco






One Montu P
Thid Floor
Emua sayrSer
P.O. Box N-3231
Nauu, Bhuamu

* Phoe (042) 5024000
fwey.om42) 02

Independent Auditors' Report to the Board of Directors and Shareholders of
Guaranty Trust Bank Limited

We have audited the accompanying balance sheet of Guaranty Trust Bank Limited (the Bank) as at
January 31,2008, and a summary of significant accounting policies and other explanatory notes.

Maagement's Respoulbilllty for the Balance Sheet
Management is responsible for the preparation and fair presentation of the balance sheet in accordance
with International Financial Reporting Standards. This responsibility includes: deigning, implementing
and maintaining internal control relevant to the preparation and fair presentation of balance sheet that ae
ftee from material misstatement, whether due to fraud or terrr, selecting and applying appropriate
accounting policies; and making accounting estimates that are reasonable in the circumstances.

Auditors' Reponsibllty
Our responsibility is to press an opinion on the balance sheet based on our audit We conducted our
audit in accordapce with International Standards on Auditing. Thosestandards require that we comply
with ethical requirements and plan and perform the audit to obtain rao le assurance whether the
balance sheet isfree from material misstatement

An audit involves performing procedures to obtain evidence about the amounts and disclosures in the
balance sheet The procedures selected depend on the auditors' judgment, including the assessment of
the risks of material misstatement of the balance sheet, whether due to fraud or error. In making those
risk assessments, the auditor considers internal control relevant to the entity's preparation and fair
presentation of the balance sheet in order to design audit procedures that a appropriate for the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the tity's
internal control An audit also includes evaluating the appropriateness of accounting policies used and
the reasonablenes of accounting estimates made by management, as well a evaluating the overall
presentation ofthe balance shet.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.

Opinion .
In our opinion, the balance sheet presents fairly, in all material respects, the financial position of
the Bank as of January 31,2008 in accordance with International Financial Reporting Standards.


A member fxnn of bEmn & ung Global Umbed

Guaranty Trust Bank Limited

Balance Sheet

January 31, 2008

Cash and demand deposits with banks (note 3) $
Due rrom banks (note 4)
Loans and advances (note 5)
Investments (note 6)
Fixed assets
Accrued interest receivable and other assets
Total assets S

Libilities and shareholders' equity
Cuomen deposits (note 7)
Demand and call S
Accrued interest payable and other liabilities
Total liabilities
Shareholders' equity
Share capital
Authorized: 20,000,000 shares of S .00 cacih:
Issued & fully paid: 18,000,000 shares of $1.00 each
Statutory Loan loss reserves
Contributed surplus
Retained earnings
Total shareholders'equity
Total liabilities & shareholders' equity S

Commitments (notes 9 and 12)

Approved By The Board:

/ Sir William Allen, Chairman Jam

Guaranty Trust Bank Limited

2008 2007

S11,345,843 $ 10,100,589
83,502,872 52,550,433
55,827.479 67,754.247
1,892,963 131,282
77,186 54.566
831,254 911,256
S153.477,597 S 131,502.373

68,661,596 S 66,461,225
52,800,543 33,188,038
689,172 736,416
122,151.311 100.385.679

18,000,000 18,000,000
373,000 395,000
76,824 76,824
12,876,462 12,644,870
31,326.286 31.116.694
; 153,477.597 $ 131.502,373

es Coyle, hanging Director

Notes to Financial Statements

January 31,2008

I. Corporate Information

Guaranty Trust Bank I.imited (the "Bank") was incorporated under the laws of The
Commonwealth of The Bahamas on June 15, 1962. The Bank provides trust, company
management, international investment and merchant banking services and is licensed under the
Banks and Trust Companies Regulation Act of 1965 as amended.

the registered office of the Bank is located at Lyford Manor, Lyford Cay. West Bay Street.
P.O.Box N-4918, Nassau, Bahamas

TIhe balance sheet was authorized for issue-by the Board of Directors of the Bank on May 26,

2. Summary of Significant Accounting Policies

Statement of compliance
'frle Bank prepares its balance sheet in accordance with International Financial Reporting
Standards (IFRS).

Basis of preparation
The balance sheet has been prepared on an historical cost basis, except for financial assets and
financial liabilities held at fair value through profit or loss, that have been measured at fair value.
'1he balance sheet is presented in United States dollars. The preparation of balance sheet in
accordance with International Financial Reporting Standards requires management to make
estimates and assumptions that affect the reported amounts and disclosures in the balance sheet.
Actual results could differ from those estimates.

Adoption of IFRSs during the year
The. Bank has adoped the following new and amended IFRSs and IFRIC interpretations during the
year. Adoption o? these revised standards and interpretations did not have any effect on the
financial performance or position of the Bank. They did however give rise to additional.
disclosures, including in some cases, revisions to accounting policies.

IFRS 7 Financial Instruments: Disclosures
IAS I Amendment Presentation of Financial Statements

The principle effect of the changes to the disclosures inithe balance is as follows:

IFRS 7 Financial Instruments: Disclosires
This standard required disclosures that enable users of the balance sheet to evaluate the
significance of the Bank's financial instruments and the nature and extent of risks arising from
those financial instruments. The new disclosures are included throughout the balance sheet. While
there has been no effect on the financial position or results, comparative information has been
revised where needed.

IASI Amemhrendl u P'esern, ion of Financial Sitcllaenis
This amendment requires the Bank to make new disclosures to enable users of the balance sheet tc
evaluate the Bank's objectives, policies and processes for managing capital. The new disclosures
arcshown in note 10.

Cash and cash equivalents
Cash and cash equivalents include cash and demand deposits with banks and time deposits with
an original maturity of three months or less.

Financial assets
Financial assets in the scope of IAS 39 arc classified as financial assets at fair value through
prolil or loss; loans and receivables: held to maturity investments,and advailable-for-sale financial
assets as appropriate. The Bank determines the classification of its financial assets at initial
recognition and re-evaluates this designation at each financial year, end. All financial assets ar
measured initially at their fair value.


All regular way purchases and sales of financial assets are recognized on the trade date, being the
date that the Bank commits to purchase or sell the asset. Regular way transactions require
delivery of assets within the timeframe generally established by regulation or convention in '1w
market place. The subscqucnt measurement of financial assets d pends on their classification ,

At January 31. 2008, the Bank's primary financial assets are repirseiited iy 1oans and advances,
investments and due from banks. After initial measurement, loans and advances, investments
and due 1liom banks are measured as follows:

Loans and advances and due from banks .
Loans and advances and due from banks are financial assets with fixed or deterninable payments
and ixcd maturities that are not quoted in the active market. They are not entered jpto with the
intention of immediate or short-term resale and are not classified as, available-f6r-sale or
financial assets designated at fair value through profit or loss. After initial measurement, loans
and advances and due fiom banks are subsequently measured at amortized cost using the
effective interest rate method less allowance for impairmctit, if any.

Held-lo-maturity investments
Held-to-maturity financial assets are those which carry fixed or determinable payments and have
fixed maturities. Non-derivative financial assets with fixed or determinable-yments and fixed
maturity are classified as held-to-maturity when the Bank has the positive intention and ability to
hold to maturity. After initial measurement, held-to-maturity investments are.subsequently
measured at amortized cost using the effective interest rate method less allowance for
impairment. The Bank currently has classified the foreign bonds as held-to-maturity financial

Investments af fair value through profit or loss
Investments held for trading, comprising investments held for trading other than derivatives, are
recorded in the balance sheet at fair value. Included in this classification are debt securities which
have been acquired principally for the purpose of selling in the near term.

Impairment of financial assets
An assessment is made at each balance sheet date to determine whether there is objective evidence
that a financial asset may be impaired. If such evidence exists, the carrying amount of he asset is
reduced to its estimated recoverable amount either directly or through the' use of an allowance
account and the amount of the loss is recorded immediately.

Loans and advances
T'he Bank reviews its problem loans and advances at each reporting date to assess whether an
allowance for impairment should be recorded. in particular, judgment by'manaigmeni is required
in the estimation of the amount and timing of future cash flows when determining the level of
allowance required. Such estimates are based on assumptions about a iiffiberp of factors such as
the Bank's past credit loss experience, known and inherent risks in the portfolio, adverse situations
that may.alfect the borrower's ability to repay the estimated value, of the uxiderlying collateral and
current economic conditions. In a subsequent year, the amount ofithe.rec6gnizd d impairment loss
is increased or reduced by adjusting the allowance account.

Held-to-maturly financial Investments '
For held-to-maturity investments, the Bank assesses individually whether there is objective
evidence of impairment. If there is objective evidence that an impairment loss has incurred, the
amount of the loss is measured as the difference between the asset's carrying amount and the
present value of estimated future cash flows.

If, in a subsequent year, the amount of the estimated impairment loss decreases because ofan event
occurring after the impairment was recognized, any amounts formerly charged are credited to the
"'impairment losses on financial investments".

Derecognition of financial assets and financial liabilities
Finmocial onsels
-A financial asset (or, where applicable a part of a financial asset or part of a group of similar
financial assets) is derccognized where:
the rights to receive cash flows from the asset have expired; or
the Bank has transferred its rights to receive cash flows from, the asset or has
assumed an obligation to pay the received cash flows in full without material
delay to a third party under a 'pass-through' arrangement; and
either (a) the Bank has transferred substantially all the risks and rewards of the
asset, or (b) the Bank has neither transferred nor retained substantially all the risks
and rewards of the asset, but has transferred control of the asset.

When the Bank has transferred its rights to receive cash Hows from an asset or has entered into a
pass-through arrangement, and has neither transferred nor retained substantially all the risks and
rewards of the asset nor transferred control of the asset, the asset is recognized to the extent of the
Bank's continuing involvement in the asset. Continuing involvement that takes the form of a
guarantee over the transferred asset is measured at the lower of the onginal'carrying amount of the
asset and the maximum amount of consideration that the Bank could be required to repay.

Financial liabilities
A financial liability is dmrcognized when the obligation under the liability is discharged or
cancelled or expires.Where ac existing financial liability, js cp d b.ano fp
lender on substantially dfTereIt terms, or the terms oran aetinm it are subltantilly
modified, such an exchan or modification is treated as a derccognition of the original liability
and the retogtition of'a nc liability.

Customers' deposits
Customers' deposits represent demand and time deposits held by the Bank for the-benefit of third

Fixed assets
Fixed assets are stated at cost less accumulated depreciation and impairplent losses. An
impairment loss is recognized whenever the carrying amount of an asset exceeds its recoverable
amount. The recoverable amount 6f assets is the greater of their net selling price and value in use.

Depreciation is computed using the straight-line method, at the following annual rats:

Furniture and fixtures
Motor vehicles

-25% ,

Gains and losses on disposal of fixed assets are determined by reference to their carrying amount.
Foreign currency translation ,
Tlhe balance sheet is presented in US dollars, which is the Bank's functional and presentaional
currency. Transactions in foreign currencies are initially recorded in the functional currency rate of
exchange ruling at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are ttanslatd at the functional
currency rate of exchange ruling at the balance sheet date. Non-monetary items that are measured
in terms of historical cost in a foreign currency are translated usiig tlhe exhahng rates at the date'
when the fair valde was determined.

Statutory loan loss reserve
This amount represents a general provision that is required to meet the Bank's statutory
requirements. Changes to this amount are reflected as appropriations of retained earnings.

l.eases where the lessor retains substantially all the risks and benefits of owtcrship of the asset are
classified as operating leases. Operating less payments are recognized as an expense on the
statement of income on a straight-line basis over the lease term.

There are no income taxes imposed on the Bank in the Commonwealth of The Bahamas.

Provisions are recognized when the Bank has a present obligation (legal or constructive) a-a result
of a past event, and it is probable that an outflow of resources embodying economic benefits will
be required to settle the obligation and a reliable estimate can be made of the amount 'of the

IFRIC nmi IFRS Interpretations not yet effective

Early adoption
The Bank did not early adopt any new standards during the year.

The Bank has not adopted the following IFRSs and IFRIC Interpretations that have been issued but
are not yet effective:

IFRS 8 Operating Segments,,requires disclosure of information about lhe Bank's operating
. segments and replaced the requirement to determine primary (business) and secondary
(geographic) reporting segments in the Bank. Thi sqtandaqd becomes effetive for annual periods
beginning on or after January 1, 2009, and as a result, certnait discldsii mbs min be added to 'he
Bank's financial statements upon adoption. This adoption of this interpretation is not expected to
have an impact on the balance sheet when implemented in 2009.

IAS 23 Borrowing Costs, was issued in March 2007, and becomes effective for financial years
beginning on or after January I, 2009. This standard has been revised to require capitalization of
borrowing costs when such costs related to a qualifying asset. The adoption of this interpretation is
not expected to have an impact on the balance sheet when implemented in 2009.

IFRIC I I was issued in November 2006, and becomes effective for financial years beginning on or
after March 1, 2007. This interpretation addresses group and treasury share transactions related.to
share-based payments to employees. The adoption of this interpretation is not expected to have an
impact on the balance sheet when implemented in 2009.

IFm IC 12 was issued in November 2006, and becomes effective for financial years beginning on or
af t uary 1, 2008. This interpretation gives guidance on the accounting by operators for
public-mo-privatc service concession arrangements. This interpretation is not expected to be
"relevant for the activities of the Bank.

ii I



.I I--MoI.
I, I

IFRIC 13 was issued in June 2007 and becomes effective for annual periods beginning on or aller
July 1, 2008. 'Illis interpretation requires customer loyalty award credits to be accounted for as a
separate component of the sales transaction in which they are granted and therefore part of the fiir
value of the consideration received is allocated to the award credits and deferred over the period
that the award credits are fulfilled. The adoption of this interpretation is not expected to have an
impact on the Bank's balance sheet when implemented in 2009.

IFlRIC 14 was issued in July 2007 and becomes effective for annual periods beginning on or nllcr
Januaryy 1, 2008. This interpretation provides guidance on how to assess the limit on the amount of
surplus in a defined benefit scheme that can be recognized as an asset under IAS 19 Employee
Benefits. The adoption of this interpretation is not expected to have an impact on the Bank's
balance sheet when implemented in 2009.

3. Cash and Demand Deposits with Banks

Cash with banks are analyzed by geographical area as follows:

2008 2007

$ 228,460

Latin America dnd the Caribbean
North America

$ 196,979

$ 11,345.843 $ 10,100.589

The maximum credit exposure to any counterpart as at January 31, 2008 was $7,942,342 (2007:

4. Due from Banks

Tiime deposits with Fortis Banque (Suisse) S.A., Royal Bank of Canada, Bahamas and Scotiabank,
Bahamas, mature within three months of the balance sheet date, and have been placed in Europe
and the Caribbean.

S. Loans and Advances

The Bank's loan portfolio at January 31. 2008 was $55,827,479 (2007: $67,754,207) that was
comprised of borrowers domiciled in Latin America and the Caribbean and are secured by cash.
securities and other financial assets that had a value of$99,624,713 (2007: $88,103,261).

Loans and advances
Cash collateral
Non-cash collateralized loans and advances

2008 2007

S 55,827,479 S 67,754,247
(19,410,541) (28,273,957)
$ 36,416,938 S 39,480,290

The Bank has established a statutory reserve of 1% as required by the Central Bank of Iie
Bahamas based on the unsecured cash loans and advances. At January 31, 2008 the BIank's
statutory reserve was approximately $373,000 (2007: $395,000).

At January 31, 2008, there are no loans and advances oh which interest is suspended (2007: nil).
There were no provisions recorded in 2008 and 2007.

6. Investments.

Investments comprise the following:

2008 2007

Quoted investments:
Fair value through profit or loss
I ield-to-maturity Foreign debt
Total investments

$ 1,892,963 $


$ 1,892,963 $ 131,282

7. Customers' Deposits

Customers' demand, call deposits and time deposits analyzed by geographical area, based on the
domicile of the depositor, are as follows:

Latin America and the Caribbean
North America
South Africa
Far Fast

L.atin America and the Caribbean

2008 2007

S 65.122,812 S 62,004,048
2,392,496 2,146,758
987,885 1,962,975
121,831 312.142
36,572 35.302
68.661,596 66,461.225
52.800,543 33.188.038
S 121,462,139 S 99.649,263

Deposits from customers of $19,410,541 (2007: $28,273,957) are blocked as security against
loans. (see note 5).

8, Related Party Balances

The Bank had the following balances with related parties at December 31.

a) Associated companies:


2008 2007

$ 17.459,707 28,979,790
$ 5,076,567 $ 2,057,886

9. Risk Management

Risk is inherent in the Bank's activities but it is managed through a process of ongoing
identification, measurement and monitoring, subject to risk limits and other controls. The process
of risk management is critical to the Bank's ongoing profitability and each individual within the
Bank is accountable for the risk exposures related to their responsibilities. The Bank is exposed to
credit risk. liquidity risk and market risk. The Bank is also subject to general operating risks.

T'he independent risk control process does not include business risks such as chanls in the
environment, technology and industry. These risks are managed through the Bank's strategic
management processes.

Rbk management structure
The Board of Directors is ultimately responsible for identifying and controlling risks; however,
thet are. separate independent bodies for managing risks including; the risk committee. the credit
committee, the Managing Director and the compliance department. R.ch of the individual bodies
is empowered to implement risk strategies for maintaining controls over the portions of the Bank's
operations for which they are responsible.'

Risk measurement and reporting systems
The Bank's risks are measured using a method which reflects both expected and unexpected losses.
The risk measurements are based on historical experiences, adjusted for changes in the banking
industry and other environmental factors. The Bank also operates within the limits provided by its
Board of Directors and its regulators. Each of the committees provides reports to the Board uof
Directors which includes information on credit exposure, interest rate exposure and liquidity
exposures. In addition, the Bank monitors its aggregate risk exposure across all risks types and
activities. ,

Risk mitigation
The Bank uses collateral to reduce its credit risks.

Excessive risk concentrations
Concentrations arise when a number of counterparties are engaged in similar business activities,
similar geographic regions or have similar economic features which may cause their ability to mcct
contractual obligations to be similarly affected by changes in economic, political and othcr
conditions. Concentrations indicate the relative sensitivity olf the Bank's perl'onnnnce Io
developments in a particular industry or geographic region.

In order to avoid excessive concentrations of risk, the Bank's policies and procedures include
specific guidelines to focus on maintaining diversified portfolios. In addition to the Bank's own
policies and procedures, regulatory guidance related to the concentration of risks must also he
adhered to.

Credit risk
Credit risk is the risk that a customer or counterparty will be unable or unwilling to meet at
commitment that it has entered into with the Bank. Customer credit risk is monitored on a daily
basis by management. The Bank's Board of Directors receives regular reports on credit exposures.
levels of bad debt provisioning and Bank exposure limits.

Credit risk arises principally from lending, investment and to a lesser degree, on trading activity
involving on and off balance sheet instruments. The Board of Directors is responsible for setting
book, portfolio and individual credit limits and these are monitored on an ongoing intra-day basis.

To ensure a consistent and unified approach, with appropriate checks and balances, all loans up to
$0.5 million are approved by the Managing Director if not cash collaterized. Amounts over 50.5
million arc approved by the Board of Directors.

'he size of the balance sheet is such that it is possible to examine each individual exposure to
evaluate if specific provisions arc necessary or adequate. The maximum exposure to credit risk is
the carrying value of the assets.

The Bank makes available to its customers guarantees which may require that the Bank miikcs
payments on their behalf. Such payments are collected from customers based on the terms of their
letter of credit. The guarantees expose the Bank to risk similar to other loans and these arc
mitigated by the same control processes and procedures.

Maximum exposure to credit risk without taking account of any collateral and other credit
The table below shows the maximum exposure to credit risk for the components of the balance
sheet. The maximum exposure is shown gross, before the effect of mitigation through the use of
collateral agreements.


CuaTi and demand deposit with banks
Iuc from banks
Loans and advances
Investment securities


Total credit risk exposure


$ 11,346 $ 10,101
83,503 52,550
55,827 67.754
1.893 131
152,569 130,536

298 875
298 875

S 152,867 S 131,411

Where financial instruments are recorded at fair value, the amounts shown above represent the
current credit risk exposure but not the maximum risk that could arise from in the future as a result
of changes in value. Additional information on the maximum credit exposure related to the classes
ofl' inancinl assets noted above may be found in the specific notes related to each of the assets.

Risk concentrations of the maximum exposure to credit risk
The maximum credit exposure to any client or counterperty as at January 31, 2008 before taking
account of any credit enhancements is the amounts due from banks as presented on the balance
sheet (see note 3).

The amount and type of collateral required depends on an assessment of the credit risk of the
counterparty. Guidelines are implemented regarding the acceptability of types of collatl and
valuation parameters.

Management monitors the market value of collateral, requests additional collateral in accordance
with the underlying agreement, and monitors the market value of collateral obtained during its
review of the adequacy ofthe allowance for impairment losses.

Credit quality per class of financial assets
T'he credit quality of financial assets is managed by the Bank using internal credit ratings which are
based on the Asset Classification Rating.System according to the Guidelines for the Management
of Credit Risks issued by the Central Bank of The Bahamas for loans and advances.

TIhe Bank's loan portfolio at January 31, 2008 is fully collateralized with cash or securities. All
amounts due from banks are considered high grade and loans and advances to customers are
classified as standard grade. At January 31, 2008, there were no loans that were considered past
due and impaired.

Credit risk exposure for each internal risk rating
*The purpose of credit rating is to provide a simple, but effective and ongoing system of credit risk,
gradation by-which relative credit worthiness of borrowers may be identified and accordingly the
level of credit enhancements, degree of monitoring, frequency of reviews, level of provisioning can
be determined and pricing can be determined. Credit rating would reflect both the likelihood of
default and any possibility of financial loss suffered in the event of default.

The Bank conducts an impairment assessment on each of its loans monthly. The main
considerations for the loan impairment assessment.include whether any payments of principal or
interest are overdue by more than 90 days or there are any known difficulties in cash flows of
counterperties or the quality of collateral. The Bank addresses impairment on an individual basis,
assessing each individual credit facility. The Bank has no history of defaults.

Liquidity risk management
.iquidity risk is the risk that the Bank will encounter difficulty in realizing assets or otherwise
raising funds to meet commitments. The Bank monitors expected cash outflow on a daily bais.
Its policy throughout the year has been to ensure liquidity by maintaining at all times sufficient
hishauality liquid assets to cover'expected net cash outflow.
Analyis:of financial asset and financial liabilities by remaining'coniractual maturities.


Cuh and demand
deposits with
Time deposits
Accrued interest
receivable and
other assets
Fixed assets

Total Assets

liabilltles and
Fixed deposits
Accrued aterel
payable and
other liabilities
Total labllities
and shareholders'


Cash and demand
deposits with
Time deposits
Accrued interest
receivable and
oier assets
Fixed assets
Total assets

Liabilities and
lixed deposits
Customer deposits
Accrued interest
payable and
other liabilities
Total liabilities
and shareholders'

Due Due
On Wilhin 3 Between

Due Dpe
Between Afer

Decmad Months 3-12 Mogths I and S year 5 Yers Total

S 11.345,843 S S S S 11,345.843
3,502,872 83.502.872
S15,334,522 40,492.957 5,827,479
1.292.963 1892.963

831.254 1.254
77,186 77.186

S 11.345.43 S 84,334.126 S334.522 S 42,63.106 S2 S 153,477.597

S S s S 52,800,543 S S 52.800.543
68,661,596 68.661.596

689,172 689.172
1.326.286 31.326.286

S 68,61.596 S 689,172 S 52,800,43 S 313262386 S 153.477,97

Due Due Due Due
On Within 3 Between Beween After
Demand Months 3-12Months I and 5 year S years Total

S 10.100,589 S S S O S 1O, 589
52.550.433 52,550,433
34,811.087 32.943,160 67.754.247
131,282 2. '131282

S911,256 9112a56
54.565 -54,565
S 10.100,589 S53,416,6S9 S34.942.369 S 32.997,725 S S 131,50273

SS S S 3,188.033 S S 33.118,038
S66,461,225 66.461,225

736.416 716.416

31,116.694 31,116.694

S66.461.225 S 736.416 S S 33,18.038 S 31.116.694 S 131,502.373

The table below shows the contractual expiry to maturity of the Bank's contingent liabilities and

(II tSI)'%)
( 'nil"llj ll

O Il.es than 310oll toa Owr
dmnmad 3montlhs months l Nersn vyrsn 1ol1

5 4 5 29130 5 5 s aS 25.1)

S s S 574o.603 S S S 8s74.60.

Interest rate risk
exposuree to interest rate risk is the risk that arises where there is'ah imbalance between rate and
non rate sensitive assets and liabilities. The Bank's policy is to maintain the interest rate risk
within prescribed limits. Interest rate risk is monitored on a daily basis and reviewed by
management. Further information regarding interest r..te risk is available in the full financial
statements .



Currency risk
Foreign currency risk is the risk that the value of a financial instrument will fluctuate because of
changes in foreign exchange rates. The Bank's foreign exchange exposure arises from providing
services to customers, The Bank's policy is to hedge against foreign exchange risk by matching
currency liabilities with currency assets. Currency exposure is monitored on a daily basis and
reviewed by management. The Banks assets and liabilities are denominated primarily in US
dollars. The Bank's foreign currency exposures to other currencies are minimal.
Market risk
14 Market risk is the risk that the fair value or ftiture cash flows of financial instruments will lluctuate
.because of changes in market variables such as interest rates or foreign exchange rates. Except for
the concentrations within foreign currency the Bank has no significant concentration of market
Market risk, including foreign exchange, interest rate and liquidity risk, is encountered in during
the Bank's normal operating activities. The Board of Directors is responsible for setting market
risk limits and for managing and monitoring these limits. The Bank monitors market risk on a day-
to-day basis.
Operational risk
Operational risk is the risk of loss arising from systems failure, human error, fraud or external
events. When controls fail to perform, operational risks can cause damage to reputation, have legal
S or regulatory implications or lead to financial loss. The Bank cannot expect to eliminate !ll
operational risks, but through a control framework and by monitoring and responding to potential
risk, the Bank is able to manage the risks. The identification and control of these risks is the
responsibility of executives of the Bank. Controls over these risks include effective segregation of
duties, access, authorization and reconciliation procedures, staff education and assessment
processes, including the use of the compliance department. The Bank's Managing Director, Board
of Directors and Compliance Officer carry out a regular review of all operational areas to ensure
operational risks are being properly controlled and reported to the Audit Committee. Contingency
plans are in place to achieve business continuity in the event of serious disruptions to business

10. Capital
The Bank maintains an actively managed capital base to cover risks inherent in the business. The
adequacy of the Bank's capital is monitored using, among other measures, the rules and ratios
established by the Central Bank of The Bahamas. As a part of the Bank's regulatory requirements,
the Bank has established a statutory reserve of $373,000 (2007: $395,000) for the risk of credit
losses with an appropriation of its retained earnings.
During the past year, the Bank had complied in full with all its externally Imposed capital
Capital management
The primarybbjectives of the Bank's capital management are to ensure that the Bank complies
with e\ternall imposed capital requirements and that the Bank maintains strong credit ratings and
healthy capital ratios.in order to support its business and to maximize shareholders' value
The Bank manages its capital structure and makes adjustments to it in the light of changes in
economic conditions and the risk characteristics of its-activities. In order to maintain or adjust the
capital structure,.the Bank may adjust the amount of dividend payment to shareholders, return
capital to shareholders or issue capitalsecurities. No changes were made in the objective, policies
and processes fiom the previous years.
Actual Required Actual Required
2008 2008 2007 2007

Tier I capital
Risk weighted assets
Total capital :ratio
Required ratio

$31,326,286 $2,669.399 S31,116,694 S3,080,377

S 33367.493

$ 38,504,781

Regulatory capital consists of Tier I capital, which comprises share capital and retained earnings
.including.cureni year profit. The other component of regulatory capital is Tier 2 capital, which
includes subordinated long term debt and other similar financial liabilities. The Bank did not have
any Tier capital in 2008 or 2007.

11. Fair Value of Financial Instruments
Financial instruientis utilized by the Bank include recorded assets and liabilities, as well as items
that principally involve off-balance sheet risk. The majority'of the Bank's' financial instruments
are either short-term in nature or have interest rates. that automatically reset to market on.a .periodic
basis. Accordingly, the estimated fair value is not significantly different from the carrying value
for each major category of the Bank's recorded assets and liabilities.

12. Commitiients
.The Bank also enters Into commitments to extend credit in the form of credit lines which are
a-attie.._t..secure the liquidity needs ofthe.customers, but not yet drawn upon by them, the
majority of which range in the maturity from one month to five years. Irrevocable undrawn loan
commitments to customers as at the balance sheet date amounted to $298,306 (2007: $874,603).
The Bank leases premises with an expiration date of June 30, 2010. Future minimum lease
paynients-idet non-cancelable.operating lease are as follows.
2008 2007

Within I year.
Between 1 and'5 years

S 130,140 S 130,140
260,280 390,420
$ 390,420' S 520,560

13. Subsequent Event
The Bank declared a dividend of S5.5 million to the shareholders of record as Qf March 19, 2008.
which was subsequently paid on March 28,2008.

Media Company seeks young persons

who are computer literate and have

some experience in QuarkXPress.

Please apply to:


c/o Tribune

P.O. Box N-3207

Nassau, Bahamas

or fax to (242) 328-2398


Associated Press Writer
LAWMAKERS around the
country are engaging in a tricky
bit of economic forecasting
these days, trying to figure out
whether or when to tap
into their states' rainy day
The calculation involves
deciding if it is better to raid
the fund for fiscal emergencies
now or to wait, in case the eco-
nomic slowdown worsens and
the need for revenue becomes
more desperate.
Already, Arizona lawmak-
ers dealt with a $1.2 billion
shortfall for this fiscal year,
which ends in most states on
June 30, by spending more
than two-thirds of the state's
rainy day reserve.
In Virginia, House Republi-
cans opposed Democratic Gov.
Tim Kaine's proposal to use
$423 million of the state's rainy

day fund to close a projected
revenue gap in the current fis-
cal year. They relented and
agreed to a compromise of
about $352 million.
In Tennessee, Gov. Phil Bre-
desen is resisting similar calls to
tap that state's reserves to fix
its deficit.
"Early on in any recession,
which is where we are now, is
not the time to start diving into
the savings account," Bredesen
States generally try to main-
tain reserves of at least five per
cent of their budgets to pro-
tect their credit rating. The
decisions that trigger the use
of rainy day funds vary from
state to state and, of course,
involve politics as well as eco-
Governors and lawmakers
tend to be reluctant to dip into
the funds out of fear that, with-
out the cushion, unpopular tax
increases aren't-far behind.
But officials also see draining

rainy day funds as more politi-
cally popular than cutting
health care programs or school
funding, or raising the dreaded
"t" word.
A National Conference of
State Legislatures survey con-
ducted last month found sev-.
eral states including Alaba-
ma, Massachusetts and Min-
nesota plan to tap their
rainy day funds to close budget
gaps in the year beginning July
The decisions are being
made amid an anemic econo-
my that is hitting states hard.
Earlier this month, the Rocke-
feller Institute of Government
reported that state sales tax
revenue delivered the weakest
performance in six years during
the first quarter of 2008.
In April, the NCSL said the
finances of many states have
deteriorated so badly that they
appear to be in a recession,
regardless of whether that is
true for the nation as a whole.
Such dire news is one rea-
son some states are holding off
raiding their reserves.
"They're worried that, as
bad as it might be, it might get
worse," said Scott Pattison,
executive director of the
National Association of State
Budget Officers.
Complicating matters, states
tend to lag behind the nation
when it comes to recovering
from a downturn. "You start
picking up on your income and
even your sales tax, but then
you get hit with the Medicaid
caseload growth," said Ray
Scheppach, executive director
of the National Governors'
Rainy day funds were rela-
tively healthy at the end of
2001, even after a recession
and the shock of the Septem-
ber 11 attacks. Over the fol-
lowing two years, however, the
funds plummeted as cash-
starved states looked for help.
State coffers have since been
refilled, hitting a historic high
in 2006, when states reported
$69 billion in their reserves,
including rainy day funds, or
12 per cent of total revenue.
That figure will drop to about
$46 billion, or seven per cent,
by June 30, the end of the busi-
ness year for most states,
according to the NASBO:
States worry about the effect
on their credit ratings if the
funds dip too low. But one fis-
cal group says states should not
hesitate if they are needy.
"Having a rainy day fund
and not using it is the same as
not having a rainy day fund at
all," said Liz McNichol of the
Washington-based Center on
Budget and Policy Priorities.
At first, Nevada hoped to
avoid tapping its fund by mak-
ing changes to one-time spend-
ing. As the downturn contin-
ued, the state opted to draw
from the fund to avoid layoffs
and cuts in essential govern-
ment services, said Gov. Jim
Gibbons, a Republican.
"The decision to tap into
your savings account is always
a very difficult decision-simply
because it is taking your eco-
nomic cushion, your safety net
out, and putting it into the bud-
get process," Gibbons said.
In Ohio, Democratic Gov.
Ted Strickland ordered spend-..
ing cuts of more than $700 mil-
lion to fill a budget hole rather
than use the rainy day fund,
which was drained in the pre-
vious recession under a Repub-
lican administration. Strickland
said he would consider the
fund if things got worse.
But in Tennessee, Bredesen,
a fellow Democrat, is holding
firm, even as the state saw its
worst month of collections in
April in 40 years. In response,
Bredesen has proposed $468
million in new cuts and the
elimination of up to 2,000 state
"This recession is still very
.arly. I don't know how deep it
will be," he said. "What I'm
trying to do is keep us struc-
turally in balance here and
keep those rainy day funds
aside to give us some protec-
tion if things were to get much

Applications are invited from suitably qualified
persons for the following position
School Year 2008-2009
For Grade 7-12
Savannah Sound, Eleuthera

1 Physical Education

Must be born again Christian
Must have a Teacher's Certificate
First Degree
At least 2 years teaching experience

Applications should be addressed to:
P.O.BOX EL 25063
And should arrive no later than
June 30, 2008


company seeks

Talented and innovative marketing and
graphic arts candidate for entry level

Good hours, good benefits.

This individual should possess:

Good work ethics,
A positive upbeat attitude,
Team player with leadership skills and
willingness to learn.

If this sounds like you

Please forward resume inclusive of contacts
to the following email for review

All submissions must be received by June
12th, 2008 for consideration.

Viable candidates will be contacted to
schedule interviews being conducted on
the 13th and 16th of June.

Assessing the

state of 'rainy

day funds'







Tribune Comics












1 Big caber tossed in a
game (8)
5 Stay in a castle (4)
9 Supporter of the school
board (5)
10 I earn it as a change from
work (7)
11 Honest and subdued, cer-
tainly not grand (7,5)
13 Was shifty and naturally
guarded (6)
14 Its still produced in Ireland,
though illegally (6)
17 House agents office
behind the scenes? (8,4)
20 Listeners complaint (7)
21 The very best from France
22 These jackets are wor in
libraries (4)
23 Apprentices the boss sent
sprawling (8)

Yesterday's Cryptic Solutic
Across: 1 Scarecrow, 8 Irate,
9 Dresser, 10 Advise, 11 Medusa,
12 Skipping, 15 Tenement,
18 Exempt, 20 Ushers, 21 Density,
22 Talon, 23 Egg timers.
Down: 2 Curse, 3 Rise up,
4 Crevasse, 5 Wind up, 6 Manikin,
7 Detergent, 11 Mistrusts, 13 Intere
14 Anthill, 16 Marine, 17 Jetsam,
19 Pater.

1 Shipping company? (4)
2 Having poor taste (7)
3 One looking for scraps
may show it (12)
4 Paid companion shows his
age when in trouble (6)
6 More or less important
player (5)
7 Army units also included in
the plans (8)
8 Remain calm and avoid
being executed! (4,4,4)
12 He openly works with a
crook (8)
15 Feeling Im one to get
pushed around (7)
16 The way of a townsman
18 They play a big part in chil-
drens tales.. (5)
19 .. the young are in their
clutches (4)

Yesterday's Easy Solution
Across: 1 Uplifting, 8 Raise,
9 Laurels, 10 Tunnel, 11 Annals,
12 Majestic, 15 Instinct, 18 Theory,
20 Adrift, 21 Estonia, 22 Incur,
23 Magnetism.
Down: 2 Plain, 3 Inroad,
4 Talisman, 5 Grouse, 6 Dignity,
7 Real McCoy, 11 Affidavit,
13 Jettison, 14 Ostrich, 16 Infirm,
17 Set out, 19 Reins.

1 Straddle (8)
5 Confused impression
9 Particle (5)
10 Uninterruptedly (7)
11 Confront one's critics
13 Property
of value (6)
14 Horrified (6)
17 Draw distinctions (12)
20 Panacea (4-3)
21. Fire (5)
22 Victim (4)
23 Airy (8)


South dealer.
Both sides vulnerable.
Q 1097
V9 2
Q 108753
+A 102

:, Sudoku Puzzle
Sudoku is a number-placing puzzle based on a 9x9 grid with
several given numbers. The object is to place the numbers 1 to
9 in the empty squares so the each row, each column and each
3x3 box contains the same number only once. The difficulty
level of the Conceptis Sudoku increases from Monday to

Difficulty Level ***


.* ..-^ *n t l ".

Best described as a number crossword, the task in Kakuro is to
fill all of the empty squares, using numbers 1 to 9, so the sum of
each hodzontal block equals the number to its left, and the sum
of each vertical block equals the number on its top. No number
h__I_ may be used in the same block more than once. The difficulty
level of the Conceptis Kakuro increases from Monday to Sunday.

Arakhamria-Grant. women's -
world championship candidates,
Groning. 1997. iMaterial is
level. but White's r looks
Cdose to taretc di.tet. The .
knight is 00wCiod. what *ftr 1 X I iS
Nbl or I Ndt Aock simply
apturs Qie4 -- exchanging
queens with n extra pawn and
xlo Jun. who wmt on to wn theo
dlagrem which turned the tables 3
and led to rapid victory for a
White. What happmened7 I

r e HOW many words of four letters
a wV or more can you make fkom the
s letters shown here? In making a
Bs word, each letter may be used
Words inonce only. Each must contain
W tfA the centre letter and there must
b w ofo be at least one nine-letter word.
Chabnr No plurals.
21st t0ArS TARGET
Comb Good 15 very good 22; excellent 31
Dceaury (or more), Solution tomorrow.
demo demon diode dome
domed done dope doped
I 5i I i-- impound IMPOUNDED mode
Smoked mope moped mound
mounded muon node nope
Sodium omen open opine opined
opium peon pion podium
0 poem pome pond pone pound
Sounded undo imipod upon

1 Fully employed (4)
2 Excel (7)
3 Memorably happy
occasion (3-6,3)
4 Small open boat (6)
6 Type of waterily (5)
7 Greed for gain (8)
8 Preposterous (12)
12 Disadvantage (8)
15 Motivate (7)
16 Protective charm (6)
18 Strong worsted fabric
19 Business transaction

The bidding:
South West North East
14 Pass 1 Pass
1 4 Pass 2 Pass
3 NT Pass 44+
Opening lead seven of hearts.
Assume you're East, defending
against four spades played by South.
Declarer takes your jack of hearts
with the ace, continues with the king
and ruffs the third heart with
dummy's seven. You overruff with
the jack and exit with a club, taken
by dummy's jack.
South then leads the queen of
spades from dummy and, when you
follow with the three, lets the queen
ride. Another spade lead picks up
your king, whereupon deolder
claims the contract, conceding two
diamond tricks.


South finishes with exactly 10
tricks, and it seems that there's noth-
ing you could have done about it.
Yet, when the hand was played,
South went down one! What's more,
it's likely that anyone else would
almost certainly have suffered the
same fate.
There was only one significant
difference between the way the
actual East defended and the method
of defense described above. That dif-
ference occurred at trick three when,
instead of overruffing dummy's
seven with the jack, East overruffed
with the king!
This unusual play had the desired
effect on declarer, who naturally
assumed that West had the jack of
spades. And so, after winning East's
club return in dummy at trick four, he
led the spade nine to the ace and
returned a spade toward dummy's Q-
10. When West followed low South
played the ten. losing to East's jack.
The A-K of diamonds later set the
EafsTarsighted play was very
well-reasoned. Since South was
almost sure to have the ace of spades,
overruffing with the jack at trick
three would leave declarer no choice
but to finesse against the king later
on. Overruffing with the king, how-
ever, presented declarer with an
entirely different way to play the
trumps, and virtually guaranteed that
he would misguess how to play the

Tomorrow: Test your play.
C2008 King Features Syndicate Inc.

476 3

7 1


5 9 8

36 5 92 4


3 1

5 9 61 4


1 2

9 ~i

13 14 15

17 1e

20 21

22 2

.Ontr^i rkIge
-i by $ acker-
S-C. 5 . .
t .:,- : _,- :/ y

Plays That Go Against the Grain



TOW/~ IM 64tt00,-ri6
1 -reAwe^ ExPLAIgNM
AU. AgOin IwFi.ATno





'Wider concerns' on Associated

Grocers licence amendment

FROM page 1B

from the latter location has
moved up its priority list.
Yet International Distribu-
tors of Grand Bahama's cur-
rent business licence only per-
mits it to export products out-
side the Bahamas from its
Freeport warehouse, not inter-
nally, and the company is
understood to have been
locked in negotiations with the
Government for a number of
months in a bid to amend it.
Referring to his recent meet-
ing and Associated Grocers'
newly-obtained tax conces-
sions, Mr Laing said: "Mr Def-
fler pointed out to me that,
really, their business situation
has changed over the last year
and, as a consequence, the rea-
sons they moved to Freeport
have changed.
"Given their being in a place
treated much like the advan-
tages they get in Freeport, he
suggested that change meant
a change in their business mod-
el with respect to what they do
in Freeport. Accessing the
domestic market has become
more important for them."
Mr Laing added: "If these

changes have occurred in their
business model and .modus
operandi, that needs to be
communicated, and the issue
of distributing locally needs to
be considered comprehensive-
ly, not just in the context of a
change on their [Associated
Grocers] part."
The minister did not com-
ment further, but The Tribune
understands that privately the
Government has been
annoyed by what it considers a
public lobbying campaign, con-
ducted through the media, by
International Distributors of
Grand Bahama and its parent
to pressure it into amending
the licence and permitting
domestic distribution.
The pressure exerted has
taken the angle that by not
approving International Dis-
tributors of Grand Bahama's
requested licence amendment,
Bahamian consumers are
being deprived of benefiting
from potential price reductions
of between 30-40 per cent. The
Government, though, believes
the issues raised are much
wider than simple price reduc-:
Under the current system,
product shipped to Freeport

by Associated Grocers would.
only get as far as the Freeport
Container Port. From there, it
would have to be shipped to
Florida, where Associated
Grocers would then re-load
the produce back on a con-
tainer destined for the
Roy Deffler, International
Distributors' president, previ-
ously told The Tribune this
added "unnecessary costs" for
all retailers in the Bahamas,
which were ultimately born by
the consumer.
:The Tribune, though, under-
stands that Associated Grocers
has shipped about $70 million
worth of product through the
Freeport Container Port to
other Western Hemisphere
Yet because it is unable to
break bulk shipments down at
the warehouse, it is losing
potential business from small-
er markets such as Haiti.
Meanwhile, the Government
is also thought to want Associ-
ated Grocers to deliver on its
.earlier promises and the rea-
; sonsit came to Grand Bahama
'in'the first place, rather than
seek to amend its licence
before doing anything else.

Another concern is the
impact direct distribution by
Associated Grocers will have
on the Bahamian wholesale
industry, and the whole exist-
ing Bahamian supply chain/dis-
tribution system a long-estab-
lished way of doing business.
Its seeming inability to win
approval from the Bahamian
government for an amendment
to its business licence (issued
by the Grand Bahama Port
Authority) was a key reason
why Associated Grocers has
placed its Freeport plans on
hold. ,
Problems with the Associat-
ed Grocers facility will send a
potential negative signal to
other investors who may be
interested in the Sea/Air Busi-
ness Centre, harming a facility
seen as ideal for executing the
original vision of Freeport as a
bution hub.
International Distributors
has plans to expand its ware-
house space to ultimately 1.5
million square feet, with 400-
500 employees, having signed
an agreement with Chinese.
conglomerate CITIC to dis-
tribute its products from
Grand Bahama.

S' az. Yamazakl,
Ruiz Urquiza, S.C.
Paseo de la Reforms 505
Colonial Cuauht6moc
-06S0 M6xico. D.F.
S Mxko
Tel: +52 (S5) 5080 6000
Fax +52 (55) 5080 6001

Independent Auditors' Report
To the Board of Directors and Stockholders
of Banco Santander, S.A., Instituci6n de

Banca Mtiltiple, Grupo Financiero

Santander and Subsidiaries

We have audited the accompanying consolidated balance sheets of Banco Santander, S.A., Instituci6n de Banca
Multiple, Grupo Pinanciero Santander, its subsidiaries and UDI Trusts (collectively the "Institution") as of December
31, 2007 and-2006, and the related consolidated statements of income, changes in stockholders'equity andchanges
in financial position for the years then ended. These financial statements are the responsibility of the Institution's
management Our responsibility is to express an opinion on these financial statents based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in Mexico. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are
See of material misstatement and that they are prepared in conformity with the accounting provisions prescribed by
the Nbmonal Banking and Securities Commission (the "Commission"). An audit includes examining, on a test basis,
evidenc- suppb-rtigth amounts and disclosures in the financial statements. An audit also includes assessing the
accounting criteria used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.

As explained in Notes 1, 3 and 4 to the accompanying consolidated financial statements, the Institution's operations
and its financial information requirements are regulated by the Commission through the "Geneal provisions
applicable to Credit Institutions" (the Provisions) and other applicable laws. The Provisions establish the accounting
criteria to which credit institutions must adhere. Note 4 describes the main changes to the accounting criteria that
came into effect as of January 1, 2007 which, in the cases detailed therein, have been etrospectively applied in the
2006 financial statements to ensure their comparability with those of 2007. Similarly, Note 3 establishes the main
differences between the accounting criteria prescribed by the Commission and the Financial Reporting Standards
applicable in Mexico, commonly used in the preparation of financial statements of other type of unregulated entities..

In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of
Banco Santander, S. A., Instituci6n de Banca Mdltiple, Grupo Financiero Santander, its subsidiaries and its UDIS
Trusts, as of December 31, 2007 and 2006, and the consolidated results of their operations, changes in their
stockholders' equity and changes in their financial position for the years then ended in conformity with the
accounting criteria prescribed by the Commission.

This auditors' report and consolidated financial statements have been translated into English for the convenience of

Galaz, Yamazaki, Ruiz Urquiza, S. C.
A member of Del oit ouche Tohmatsu

C.P. d 6 goyan
5, 2008
!Member of
Deoiolt ud T ohmatu

SBanco Santander, SA., Ilstitacitn de Banca Mdltiple,
Grupo Financiero Santander and Subsidiaries
Consolidated Balance Sheets of the Institution with its subsidiaries and Its IDIS Trusts

As of December 31,2007 and 2006
(In nmilions of Mexican pesos of purchasing power of December 31, 2007)

Funds available
Investment in securities:
Trading securities
Securities available for ale
Securities held to matunty

Securities and derivative transactions:
Debit balances under repurchase and resale agreements
Debit balances in loan securities transactions
Derivative financial instrument transactions

Cuent loan ortfolio:
Commercial or financial activity
Financial entities loans
Government entities loans

Consumer loans
Mortgage loans
Total current loan portfolio
Past-due loan portfolio:
Commercial loans-
Commercial or financial activity

Consumer loans
Mortgage loans'
Total past-due portfolio
Total loan portfolio
Allowance for loan losses
Loan portfolio (net)

S 68,834

20 76

46,264 35,263
1,802 1,895
51,827 411

844 1,683
340 497

102568 83,837
2,727 2,924
----W ---
63,819 52,796
S --- 416-763
-- 21 2502

3,286 1,883
27l '_ 257

21 216,935
( (44171
2 r '212,518


Oter recivables (net)
Foreclosd assets (net)

Properties, frniture and fxtmes (nt)
Invesmnenm in hares

Other assets:
Deferred charges, advance paym and intangibles
Other assets

Asset of discontinued operations
Totl asset


mand deposits
Time deposits -
General public
Money market
Bank and other loans:
Demand loans
Short-tnw p.tons
Long-termoanos '4- -
Securities and derivatives transactions:
Credit balances under repurchase and male agreements
Credit balances under loan securities transactions
Derivative financial instruments transactions
Other payables:
Income taxes and employee proft sharing payables
Sundry creditors and otherpayables

Subordinated debentures
Deferred taxes (net)
Deferred charges and prepaid income
Liabilities of discontinued operations
Total liabilities

Stockholders' equity
Paid-in capital:
Capital stock
Additional paid-in capital

Other capital:
Capital reserves
Retained eamings
Gain from valuation of securities available for sale, net
Gain from valuation of cash flow hedges, net
Cumulative translation adjustment
Insufficiency in restated stockholders' equity
Loss from holding nonmonetary assets du to the valuation of
investments in shares
Adjustment to labor obligations
Net income

Minority interest
Total stockholders' equity
Total liabilities and stockholders' equity

Memorandum accounts

Contingent assets and liabilities
Credit Commitments
Assets held in trust or under mandate-
Assets held in custody or under administration
Uncollected earned interest derived from past-due loan portfolio
Other recording accounts

Repurchase and resale agreements
Securities receivable under resale aements
Less Resale agreements

Repurchase agreements
Securities deliverable under repurchase agreements

Securities receivable under loan transactions
Less: Assets deliverable in guarantee under loan transactions

Assets receivable in guarantee under loan transactions
Less: Securities deliverable under loan transactions





1,848 1,678 I

-------S -1-01
3-- L___

2007 3nu

S 113,616 S 108V4
108,082 103,004

,300 1,32
2,780 ,64

568 2406

3,09 3,405
,631 209



10472 98
27,013 1,47

5340 4,420
18048 23,082
314 226
226 496
9 9
(76) (76)

- ^s--"
2 398.948 S 411L21

S 32,190

S 2-734.134
S 187,722



s 7 258,671
-- yra

S 27,970 14.701
27.949 .14-.

7-T-- 21 Sn0%
$ 340 $ 497
S 34 S

S s. .
S *- S -

Theai consolidated fancial statements were approved by the Board of directors and sized oa it behalfby:

Jesus Gonzilez del Real
Executive Vice President of Accounting

Octavlo Medina Frag

Interested Parties may obtain a complete copy of the consolidated audited
accounts from the Bank's office, 3'rd Floor, Goodman's Bay Corporate Centre.

-- --



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


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.


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

,,,,, ,,,, ,,. ,,,, _ ,,,, ., .


_1111.11 __ .1111 -s

- .--- I : --

THURSDAY, JUNE 5, 2008, PAGE 196


Key factors influencing mortgage borrowers

c.2008 New York Times
News Service

GETTING a mortgage used
to be as easy as choosing the
right colour paint for a new
home. Don't have stellar cred-
it? No problem. No verified
income? Step right over here.
High debt-to-income ratio?
Sign on the dotted line anyway.
"Two years ago, we had a
meeting where a mortgage bro-
ker said, 'If you have pulse, I
can get you a mortgage,'" said
Klara Madlin, president of the
Manhattan Association of
Realtors and owner of Klara
Madlin Real Estate. "And I
thought, 'We're in trouble.'"
Most people have heard
about foreclosures becoming
more common because bor-
rowers cannot pay the escalat-
ing rates on their mortgages.
But what about those looking
to get a mortgage now, either
as a first-time buyer or some-
one hoping to sell a place and
move on? What challenges face
"There is a new prudence in
mortgage lending," said Keith
Gumbinger, a vice president of
HSH Associates, a mortgage
research company in Pompton
Plains, N.J. Mortgage lenders,

he said, are "-int r1iLcdJ in tra-
ditional mortgage buyers who
will document their income and
assets and don't have sizable
debts relative to their income."
Potential buyers can no
longer waltz in with five per
cent or even 10 per cent down.
Most banks are asking for 15 to
20 per cent, or even more.
"As I like to say, 80 is the
new 90." said Melissa Cohn,
the president of the Manhat-
tan Mortgage Company, refer-
ring to the maximum amount
lenders will now finance. And if
you have any financial issues
that lenders might see posing a
risk, "it's much harder to get
an exception."
Mortgage lenders willing to
hand out a loan with competi-
tive rates are taking a much
closer look at several factors:

A borrower's credit score -
also known as the FICO score,
which was created by Fair Isaac
Corp. in the mid-1990s is a
chief determinant of eligibility
for loans. Most applicants now
need a score no lower than 660,
and in some cases lenders are
not willing to go below 720.

This is the percentage of a

borrower's income that goes
toward paying debt. Lenders
calculate it two ways. There is
the front-end ratio, which
includes housing costs like the
mortgage principal and inter-
est, mortgage insurance premi-
um, if applicable, and property
taxes. The back-end ratio
includes any other debts like
car or student loans, credit
cards and alimony. Mortgage
companies used to take appli-
cants with debt-to-income
ratios as high as 55 per cent,
brokers say; now the maximum
is in the mid-40s. By the way, a
borrower's credit card limit
counts as actual debt, regard-
less of whether the card is even

Most lenders are no longer
willing to settle for stated
income, without document ver-
ification, preferring instead that
applicants provide all the nec-
essary paperwork to prove
income. So-called no-doc loans
- often used by seasonal or
self-employed workers who
have a harder time proving
their income have also been
called "liar loans," because
some borrowers have been
known to exaggerate their

Banks require that borrow-
ers: have a certain amount of
money readily available -
equal to three months to 36
months of payments, depend-
ing on the lender, according to
Cohn to cover mortgage and
Before, these stipulations
were not as onerous. "You
were allowed to have multiple
layers of risk, and still get a
mortgage," Gumbinger said,
referring to what lenders con-
sider as negatives, like low
down payments or. credit
scores. "Now you might be
allowed one risk."
Val Kleyman, a self-
employed lawyer'from Staten
Island, knows this firsthand. He
bought a two-bedroom town
house three years ago; his wife
then had their first child and
wanted to move on to a bigger
place in the same borough. He
had put down 20 per cent on
the town house and made pay-
ments on his adjustable-rate
mortgage diligently on the first
of each month.
Kleyman would seem to be
the perfect customer for anoth-
er mortgage from his same
"I called the bank, saying I
wanted a mortgage for a bigger
house," he said. "They said:
'That's very nice. You always
pay on time, but we can't give
you a mortgage.'"
Actually, the bank would
give him a mortgage, but only
with a 25 per cent down pay-
ment. As he had with the town
house, Kleyman wanted to give
his lender a stated income -
with no supporting documen-
tation rather than a verifi-
able income.
-He plans to hold onto his
first house and rent it out, and
that would count as debt
against him. He is also self-
In the past, Kleyman found
that getting a mortgage with a
stated income was not an
obstacle; he might have had to
pay a slightly higher premium,

Internet & Telephone Banking We each have our goals, things we want to achieve. At
.- different times of our lives, those aspirations may

deposits & Investments


Credit Cards

Personal Loans


Wealth Management

Small Business Banking

Corporate Banking

Foreign Exchange and Derivatives

Capital Markets

change and we may choose a different path. No
matter what stage of life you find yourself in,
FirstCaribbean is right there with you, encouraging,
helping, cheering you on. Take the first step. Make us
the people you talk to. Make us your life partner.



but that didn't bother him. IHe
could afford to pay 20 per cent
down, but an extra five per cent
is a stumbling block.
Kleyman has looked at other
lenders, and some of them
want as much as 30 per cent
down. Now he will either have
to bring in his father or anoth-
er relative as a co-borrower or
scrape up the extra cash for the
down payment.
While it's hard enough for
people wanting to buy existing
homes to come up with the
extra down payment, new-
home buyers have their own
set of problems.
Cohn of Manhattan Mort-
gages says that about a quarter
of her clients put down deposits
on new construction a while
back, before the homes were
completed. Now that they have
been, some would-be buyers
are being required to put down
an extra 10 per cent. "They got
preapproved for 90 per cent,"
she said, "but half those banks
don't exist anymore, and even
if they do, the preapprovals
have elapsed."
One client in Manhattan
signed a contract for a $6.5 mil-
lion apartment, but when the
time came to close, he could
not find the additional down
payment that the bank
required. "He had to trade
down for a smaller apartment,
and bought one for $3.5 mil-
lion," Cohn said.
Alexandra Nicholson, a com-
munications manager, had a
similarly challenging experi-
ence as a new-home buyer.
Nicholson thought she was all
set last year when she signed a
contract for a condominium in
a building under construction
in the Washington area.
She was promised an 80-15-5
loan, meaning she would get a
main mortgage of 80 per cent
of the home's purchase price
and a piggyback loan for 15 per
cent at a slightly higher interest
rate, then make a five per cent
down payment herself. With
none of the industry's risk fac-
tors and fully employed, she
would have been a shoo-in
until recently.
In April, her mortgage bro-
ker suddenly informed her that
he could give her the mortgage
only if the condominium had
51 per cent or more occupancy.
"I called six lenders in two
days," Nicholson said. "No one
would finance me."
So she pulled out of that deal
and is now looking for another
place. But in the meantime, her
80-15-5 mortgage deal disap-
peared, and now no one is will-
ing to resurrect it. She can still
put five per cent down, but will
be required to buy mortgage
insurance, which will cost an
extra $100 to $140 a month.
"I'm not sure what to do
anymore," Nicholson said.
"Every time I turn around, the.
rules have changed, making it
harder for me to get a place."
Nicholson, fortunately, did
not lose her deposit, because
the builder never cashed the
deposit check. Some have not
been so lucky, however.
"It depends upon the indi-
vidual contract you sign with
the builder," Gumbinger said.
Besides amassing a more siz-
able down payment, buyers
need to make sure their
finances are in order.
"People can't push the enve-
lope like they could in the
past," said Allyson Bernard, an
owner and broker with Real
Estate Professionals of Con-
necticut. "You have to show
much more documentation and
financial history. Things that
could slide 12 months ago
aren't sliding anymore."
Foreign buyers with no cred-
it history in this country are
finding it particularly tough to
get mortgages, Bernard said.
"Some people come from a
country where there is corrup-
tion and graft, so they're dis-
trustful of banks." she said.
"They have to find a bank
they're comfortable with, open
a checking account and start
running their income and bills

through a bank. They need to
show a pattern over two, three,
four months."
Sometimes the mortgage
hinges on issues completely out
of a buyer's hands. Madlin
recalls a young couple who
were preapproved for a mort-
.eL'., but at the last minute
were turned down anyway.
Even though the appraisal
matched the selling price, she
said, "the bank thought the
price was going to drop in the
next six months."
Those looking to sell one
place and move into another
are finding that lenders are
much more reluctant to hand
out bridge loans, according to
Madlin, who says that banks
are telling potential buyers to
sell their first property before
trying to buy another.
Bernard advises people to
plan ahead. "They can't wake
up one day and say they're
going to buy a house," she said.
"They need to sit down with a
Realtor and know what to do.
If there's something on your
credit report, it can take a long
time to clean up."
Also, "leave no stone
unturned," Gumbinger added,
when looking for a suitable
mortgage. Buyers will need to
look at options they may not
have thought of before, like
mortgages for military veter-
ans or from credit unions or
labour unions; such organisa-
tions may have good rates and
can help guide buyers through
the loan process.
There are also state and fed-
eral programmes; for example,
New York has the State of
New York Mortgage Agency
to assist low- and moderate-
income buyers.
The Federal Housing
Administration, which does not
make loans directly but insures
loans made by private lenders
to home buyers, has seen an
increase in the number of loans
it has insured over the last few
years. The FHA-secured mort-
gages are available at many
banks and usually require no
more than three per cent down,
at competitive rates, to anyone
with a fairly good credit histo-
ry and debt-to-income ratio of
no more than 43 per cent,
including the mortgage.
To help stimulate the econo-
my, Congress passed a bill,
effective in March, which,
among other things, raised the-
ceiling on the loans that te
Federal Housing Administra-
tion can give through-the end
of this year. The maximum
loan is now 125 per cent of the
median sales price for the area,
ranging from a maximum of
$729,750 to a low of $271,050
depending on the location.
(Previously, the agency's limits
were a low of $201,160 and a
high of $362,790.) Congress is
considering bills that would
permanently raise the loan lim-
According to an agency
spokesman, more people are
opting for FHA loans. In the
last two fiscal years, the agency
insured about 425,000 loans. It
projects that in the 2008 fiscal
year, the number will be 1.6
While buyers may bemoan
the greater difficulty in getting
a loan, most real estate brokers
and mortgage brokers agree
that the current situation is no
"There was such greed by
the lenders to have their bot-
tom-line balance sheet show a
profit, that they gave out pro-
grams to people they probably
shouldn't have," said Mark
Grossman, the president of the
Mountain Mortgage Corpora-
tion, which based in Union,
N.J. "They didn't care about
the homeowner."
"But it's all cyclical," he
added. "When it's too much
one way, everyone goes over-
board the other way. I've been
in this business since 1972 and
eventually in a number of
years, everyone 'will forget
what happened and we'll see
the same syndrome."

!. i




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101.9 FM


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Sty13 FM
"Proclaiming the Gospel to the World"

To Coe Be The Giory,
Great Things Me Has Done!
Worldwide Web 1073. con
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Hau Cmh
Callstday ^t02w2547


In Memory


September 1947 June 2006

for I know that my Redeemer
liveth, and that he shall stand at
the latter day upon the earth.
JOB: 19-25
An inspiration to his wife and
children. His legacy will forever be
cherished in the hearts of his loving
wife, Inez Toote. Children: Mona Lisa,
Dominique, Harrison, Tadzia, Emikel
and Enrico. Grandchildren special
family and friends.

Sadly Missed but lovingly remembered
4- '.-----'_




-----.: *- .,^%. -..--.--.----.-

n L v ing' Memory


Kayla Lockhart Edwards

1946 2006

The best and most beautiful things in the world cannot be
seen or even touched they must be felt with the heart."

Helen Keller

In every generation, great artists give witness to timeless
melodies through contemporary lyrics. While pop stars gain
celebrity for a season, celestial angels give voice to eternal
rhythms, anchored in eternity.

Such was the gift and genius of Kayla Lockhart-Edwards.
who expressed -- through opera, calypso, jazz. gospel, cho-
ral music, and more -- the beauty of creation and our co-
creation with a God of Love and Laughter. Friendship and
Forgiveness, and Compassion and Charity.

Like Claude Debussy, a famous composer of the early 20th
Century. Kayla was an impressionist who painted beautiful
pictures on the sound waves that buoyed us and made us
feel tnat we had been uplifted by supernatural grace.

This Supreme Creator touched Kayla's nature with a
Generosity and Gratitude which endowed her with the joy to
fully express her gifts, no matter the audience before which
she expressed her sweet embrace.

We celebrate this opportunity to remember her imagination,
energy and vision, which inspired a nation, touched a world
and comforted her loved ones.

o Fondest Memories held by her loving and caring husband
Desmond; children, Keysha and Marquinn: grandchildren,
Chakeyra, Kiana, Caleb, Marqueya and Demjai: son-in-law,
Charles; brothers, Edmund, Hiram, Jimmy, and Osborne:
sisters Eliza, Carolyn, Persis, Maureen and Joan; uncles,
aunts, nephews, nieces, brothers-in-law, sisters-in-law, and
a host of family & friends...

And the Bahamian people, who will always hear in her voice
a tribute to our Bahamaland and eternal praise to the God
who now enjoys her voice in an eternal choir of angels.

- -._, L,*"_.'..,.. "-..., *"._-."


In Loving Memory of

Martha Elizabeth

March 13, 1939 May 27, 2007

"If we celebrate the years behind us
they become stepping stones of
strength and joy for the years ahead"

The Hanna, Rahming Ingraham,
Styles and Wilson families would like
to thank all those % ho offered prayers
and expreed their condolences by
S "nd cards, flower- and telephone calls on
the death of our mother Martha
h 1 o r: Elizabeth % hose funeral was held
June 9th 2007.

Specail thanks to Bishop Ros Davis,
\ Pateirs Vernal Hanna and Herman
Ferguson of Acklins. Re\. Barbara Rahming. The Golden Gates
prai,,e team. M-s Terez DRils. Ms. Vanderia Wood. Doctors Adeeke
Mangus. Christina Chin. Robert de' Albenas and staff, Poop Deck
ejt and Mrestl. lMr Hill and staff of Cedar Crest funeral home,
Mrs Carrier. St. Nlark., E\angelistic center, Thomas Forbes,
Locksley and Andrea Forbes. Management and staff of Pension
funds, Grace and Al in Babb. Sherell Roker.

'Lo'ing relationship are a family's best protection against the
challenges of the world. ith these wordss our hearts, overflow
with lose for: Delerea.e Rahming. Nurse Caffine Brice, Minister
Cleo Cash. Nance Rahbmlng. Peggy Knowlen. Pandora Williams,
Carla Emmanuel. and Aunt Elizabeth Sweeting

"The highest love of all finds its fulfillment not in what keeps but
what It gl.es'.....Thank you Joann Dames, Maitland Brown, Steven
Emmanuel. Barbara Pierre. Lynn Gibson and family, Authur and
Monica BroT n. Carnetta Rahming. Aunts Estella Sarah, Kathleen
and Marie. Uncle Albert Sarah Marion Ft. Lauderdale), Iris Tynes,
Mrs. Charlton and family. Charlene Brown. Glenda Laing, Ivis
Emmanuel. lMaine Bannister. Corrine Smith. Lisa Greene, Mae
Symmonette. Mia Alexander. Charmaine Musgrove, Cyd and
Charise Capron. Armaintha Adderley, Naomi Davis, William
Campbell. EJulie Johnson. Re%. Dr. Veronica Atkins, Rev. Dr.
Marina Preston IAtlanta Georgia Mr. and Mrs. Charles Newery,
Eldece Clarke, Lynette Hepburn. Olive Brown and family, Marilyn
Wiklon and family. C\nthia Wi'lson. Ann Archer, Mr. and Mrs.
Dann. The Hanna Heastle and Tynes family. Shelia Beneby, Maude
Sturrup and family. The Richie Family. John Styles, Lloyd
Ingraham. Andrea Adderley and family. Derek & Leslie Ryan, Anna
Musgrove, Lorraine GarciaiFt Lauderdale) Community of St. Croix
Road Golden Gates #2. The Ackins and Salina point community.

To our family and friends, your names may not be printed on paper,
but the impression of .our love will always be in our hearts. Thank
you not onls [or )our support, but the love that truly unite us as


Kendal & Nicole, Franklyn & Nancy. Leslie & Avis Ricardo,
Rochelle, Arlene, Latherio Rahming, Lynniskha & Brian Wilson,
Kevin and Yvette Styles, Lloyd & Kim and Conroy Itngrtm.


'utler's funeral Hames

& (Jremratorium
Telephone: 393-2822, York & Ernest Sts.
P.O. Box N-712, Nassau, Bahamas

na d An n e


of Lincoln Blvd. will be
held on Saturday, June
07th, 2008 at 11:00 a.m.
at the Chapel of Butlers'
Funeral Homes and

Crematorium, Ernest and
York Streets. Officiating will be Evangelist
Betty Cox Assisted by Evangelist Barbara
Newbold. Cremation will follow.

He is survived by his Nine (9) Children: Irvin,
Joseph, Michael, Elizabeth, lyokie, Kevin,
Joanna, Jamaine and Skip Johnson; Three (3)
Sisters: Barbara Baillou, Ruthlee Pratt and
Marva Black; Two (2) Aunts: Martha Archer
and Merle Forbes; Three (3) Brothers-in-law:
Kingsley Baillou, Glenn Pratt and Everette
Black; Seven (7) Nieces: Tezal Blatch, Denira
Thompson, Shantie and Iyancy Rolle, Tranika
Thompson, Ashadie Adderley and Tretesa
Blatch; Three (3) Nephews: Rev. Harold Grant,
Delano Thompson and Alex Baillou and other
relatives and friends including: Mr. Michael
Cartwright and the Staff of Early Bird Super
Market and others too numerous to mention.

Viewing will be held at the Chapel of Butlers'
Funeral Homes and Crematorium, Ernest and
York Streets on Thursday from 11:00 a.m. until
5:00 p.m. and on Saturday at the Chapel from
i 000 a m until service time.


22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas


of Bozine Town, Nassau, The
Bahamas will be held at New
Destiny Baptist Church, Blue
Hill Road, Nassau, on Saturday,
7th June, 2008 at 11am.
Reverend Stanley G. Ferguson
and Bishop Delton D Femander
will officiate and interment will
be in Lakeview Memorial
Gardens, John F. Kennedy
Drive, Nassau.

.at cuh o audvfo aruniseic

I Our beloved Fred will be greatly
missed and never forgotten left
to remember him are his wife, Walburtha Rolle nee Johnson;
eight boys, Frederick Jr, Akeio, Arsenio, Arkel, Frederick
III, Alphaneiko, Christopher and Fred Rolle; nine daughters,
Farrah Russell, Fredia Rolle, Lorin Walkine Fredesa,
Sirlyndrea, Brittany, Faeleisha, Fredericka and Ashtonque
Rolle; four step children; Romaine, Damone, Shamell and
Cavin Cummings; two grandchildren, Austin Frederick Rolle
and Franciso Bodie; one brother Principal Officer Inspector
Roderick Grant; three sisters, Cleora Richards, Sharon
Knowles and Alice Andrew; three brothers-in-law, Tyrone
Andrew, Edison Brown and George Strachan; four sisters-
in-law, Deborah Fox, Ella Jane Grant, Velva Rahming and
Jacqueline Wright; six nephews, Huel, Dominic, Jason and
Andrew Richards, Shavan Grant and Barret McDonald; seven
nieces Cherly Seymour, Karen Short, Kimberly Knowles,
Keandera and Rokeisha Grant, Arella and Ariel Andrew; two
aunts Drucilla Dames and Angelina Rolle; a short list of
cousins including, Thomas and Lucine Mingo, Leonard
Symonette, Michael Humes, Bishop Arnold Josey, Franklin,
Jerry and Steffon Josey, Prescott Allen, Soloman, Franklyn,
Peter and Joseph Rolle, Margaret Wilson, Iris Bonaby, Carmey
Lockhart, Gwendlyn Ferguson, Mary Ingraham, Nettica
Symonette, Shelin Huyler, Nathlie Knowles, Queen Ferguson,
Louise Moss, Beverly Rolle, Ruth Forbes, Ann Fernander,
Prisca Josey, Monique Allen and Rosie Jolly as well as the
defendants of Willard and Arnold Edwards, Rosa Munroe,
Clara Symonette, Jessie Mingo, Naomi Bowleg and Olive
Johnson; friends, Dr Mitchell Lockhart, Gordon Newbold,
Daryl 'Fuzzie' Moss, Barett McDonald Sr, Edward and Clara,
Yaya, Slugger Brown, Stephen Fawlkes, Sigmund Bethel,
Elcott Coleby, the Dorsey Park Boys, Ferguson Auto & the
Punch family.
Friends may pay their respects at Kemp's Funeral Home
Limited, 22 Palmdale Avenue on Thursday, from 10am to
6nm and at the church on Saturday from 10am until service


I :,,







Bethel Brothers Morticians

0c Telephone: 322-4433, 326-7030

Nassau Street, P.O.Box N-1026

Deaconess Lois Leonora
Ellis, M.B.E., 80

,r of Harmony Hill Road and formerly of Blue
"7 B Hill and Carmichael Roads will be held on
f Sunday 2:00 p.m. at Carmichael Bible Church,
Carmichael-Road. Rev. Superintendent Wilbur
S;Outten, Rev. Daniel Simmons and Rev.
/ Alexander Thompson will officiate. Interment
will follow in the Church Cemetery.

Left to celebrate her legacy are her children,
V, Edward Ellis and Daphne Simmons;
Sdaughter-in-law, Helen Ellis and son-in-law,
Kevin Simmons; grandchildren, Julian,
Jovanna, Mickel and Michael and great
granddaughter, Ashley; sisters, Eva Hilton,
Naomi Claridge, Maggie Moss, Rose Mae Bain, Ruby Graham, Hannah Gray &
Rose Richardson; brothers, John, Rev. Edward, George, Ralph & William "Billy"
Godet; brothers-in-law, Theodore, Langton, Victor, George, David, and Garfield;
sisters-in-law, Theda, Mary; Sonia, Coralee, Sherry; god children, Donna Darville
& Nello Lambert; foster daughter, Hazel Forbes; nieces, Alexandra (Sandra), Joan,
Lillian, Donna, Elizabeth, Paulette, Dien, Rosa, Paula, Esther, Naomi, Camille, Delza,
Deidre, Allison, Berget, Candace, Georgette, Presley, Rochelle, Karatesha, Geneen,
Sylvia, Dorothy, Stephanie, Cheri, Monalisa, Davette, Barbara, Gail, Bianca, Monette,
Khesliah, Vivanne, Dale, Barbara Lockhart, Edith, Janatha, Sheena, Mia; nephews,
Theodore, Barry, John, Philip, Dereck, Stephen, Gregory, Eddie, Theophilus, lan,
Melvin, Woodrow, Adrian, Dave Bain, Jonathan, Duncan, Alverro, Bernard, Kendal,
William, Diego, Johann, Deshield, Rashad, Scottie, Dave Hanna, Larry, Barry, Lynden,
Corey, Dwyan and Nihon, Melvin, Johann; twenty-seven grandnephews, thirty
great-grandnephews, twenty-eight grandnieces, twenty-eight great grandnieces;
numerous relatives and friends, Roy and Shirley Rodgers, Dr. John and Sylvia
Godet, Pastor Hugh Roach, Nigel and Stephanie Bowe and family, Joan Bowe McKay,
Charles and Visna Mackey, Roosevelt and Billy Godet and family, Felix and Helen
Knowles and family, Sister Brown, Ruth Lambert and family, Kenneth Bowe, Eugenia
Cartwright, Laroma Siefert, Mitzi Swaby, Marva Armbrister, Wally Robinson and
family, Robert Stubbs, Winifred Russell, The Armbrister, Basden, Ellis and Seymour
families, The Lloyd Connection (Bahamas and USA), The Gibbs and Duncanson
families, Angela Thompson, Sir William Allen and family, Anthony and Beverley
Allen, Irene Thompson and family, Monique Pinder, Sir Arthur Foulkes and family,
The Watson family, Dr. Marsha Bethel, Cheryl and Peteche Bethell, Grada Knowles,
Lovely Forbes, Lula Thompson and family, Harry Glinton and family, Dr. Perry and
Carmen Gomez, Gary and Cleopatra Christie, Jay Mills, Stanley and Naomi Simmons
and family, Louanna Mortimer and family, Henry and Teddy Woods, Phillip (Brave)
and Anne Marie Davis, Pastor Silbert Mills and family, Andrew and Millie Wong
and family, Vernon and Phyllis Symonette, Margaret Johnson, Stephanie McSweeney,
The Rodgers, Lunn and Cargill Clans, Bishop Sam Green, Conrad Sweeting, Bahamas
Evangelical Churches Association, especially Carmichael Bible Church, Christ
Church Cathedral, Holy Cross and Christ the King Church families, Communities
of Blue Hill Road and Carmichael Village, family and friends of Exuma (Steventon),
Staff of Ministry of Finance, especially the Treasury and Data Processing Departments,
Staff of Parliamentary Registrar Department, The Turks and Caicos connection, Staff
of Bahamas Information Services, Hansard (House of Assembly), The Water &
Sewerage Corporation, Simmons Manufacturing, Buena Wright & Star 106.5; the
Medical Team comprising of, Dr. Agreta Eneas-Carey, Dr. Magnus Ekedede, Dr.
John Lunn and Staff, Dr. Curling, Princess Margaret Hospital (private Medical,
Private Surgical, and Accident & Emergency), Bethel Brothers Morticians, and her
caregivers, Sharon (Charmaine) Johnson, Sharcn Powell and Patricia McHardy.

Friends may pay their last respects at Bethel Brothers Morticians, #44 Nassau Street
'!!' ^ 1 1 M I 1 W ; ': <; ] !li" i! -*! 1 - I .

on Saturday from 10:00 a.m. to 6:00 p.m. and on Sunday at the church from 12:30
p.m. until service time.

Miriam Barnett, 98

of Bougainvillea Avenue, West Bay Street
will be held on Saturday 4:00 p.m. at Wesley
Methodist Church (MCCA), Malcolm Road.
Rev. Edward J. Sykes, Rev. Henley B. Perry
and Rev. Carl C. Campbell will officiate.
Interment will follow in the Western Cemetery,
Nassau Street.

Left to cherish the memory of the life of
Miriam Rutherford are her daughter,
Valderine Barnett; one. sister, Cynthia
Rutherford; one brother, Ernest Rutherford;
one grandson ,Cranston Rutherford, one
sister-in-law, Katrina Rutherford; 29 nieces
including, Marilyn Gilbert, Shirley Lockhart,
Tessa Vaughn, Valerie, Marguerite, Camille, Ingrid
and Wyatt Johnson, Albertha Bullard, Stephanie Major, Andrea, Jacklyn, Gale and
Claire Rutherford, Sandra Lockhart, Pandora Darling, Marsha Wilkinson, Ernestine
Kelly, Garnell Cooper, Bernadette, Geneva, Nathalie and Sonia Rutherford, Deidre
Clarke, Ruby and Bridget Roker and Sheree Diggiss; 19 nephews including, Cyril
Rutherford, Barry Johnson, Vincent Vaughn, David and Philip Roker, Bradley, Willard,
Gregory, Derek, lan, Harry, Anthony and Ray Rutherford, Lorenzo Gilbert, Wendell
Kelly, Gary Cooper, Colin Bullard and Whitfield Clarke and Dr. Charles Diggiss; 57
grandnieces, 33 grandnephews, 49 great grandnieces, 39 great grandnephews
and 1 great great grandniece and 1 great great grandson; extended family, Peter
Moses, Florie Lockhart and family, Phyllis and Peter Garraway, Pamela Gomez,
Verie Thompson of New York, Paula Williams of Pennsylvania, Annette Whyms
of Las Vegas and Cleo Rolle of New York; other relatives and friends include,
Sister Annie Thompson, Joyce Bain and family, Persis Adderley and family, Barbara
and Camille Bullard and family, Shirley Cooper and family, Mary Welch and family,
Donnie and Franklyn Thompson and family, Marsha Rutherford, Mr. and Mrs. Kendal
Carroll and family, Elizabeth and Dianna Johnson, Margaret Claridge and family,
Marina Walcott and family, Althea Huyler and family, Bruce Braynen and family,
Vernal Adderley and family, Julia Bullard and family, Coral Knowles, Joyce Bastian,
Irene Brooks, Vernita Davis, Laverna Baker, Gary Strachan, Mr. and Mrs. Clifford
Culmer and family, Charles Stubbs, Nadine Beneby and family, Reverend Edward
Sykes and family, Reverend and Mrs. Henley Perry, Reverend and Mrs. Raymond
Neely, Reverend Carl Campbell and family, family, Thelma Thompson and family,
Rhoda Wildgoose, Anna Ingraham and family, Granville Nicholls family, Barbara
Bethel and. family, Edward and Patrica Bethel, Constance Mackey, Sonia Williamson,
Mr. and Mrs. Lionel Symonette, Angela Achera, Mr. and Mrs. Thomas Sands, Sonia
Johnson, Dorothy Horton, Lady Joan Foulkes, Ruth Miller, Dorothea Foster, Sylvia
Bain, Camille Rolle, Dwayne Maycock, Leone McCartney, Thelma Ford, Juanita
Butler, Nora Dorsett, Mr. and Mrs. George Coakley and family, Mrs. Beth Stewart,
Mrs. Verveme Wilmott, Mr. and Mrs. Lawrence Chisholm, Iris Donaldson, Christine
Rolle, Ena Mae Rolle, Barbara Forbes, Adella Knowles, Thelma Gibson Women's
Group and Wesley Methodist Church, MCCA family and Grants Town Wesley
Methodist Church family.

Friends may pay their last respects at Bethel Brothers Morticians, #44 Nassau Street
on Thursday from 1:00 p.m. to 6:00 p.m. and on Saturday from 10:00 a.m. to 1:30
p.m. and at the church from 2:30 p.m. until service time.

?..~,.~..-... .
i:!P!E7`3`;''"i'el-:; ~ 's *..--. : r1 ~~ ---:

'"' ~ IH

~ r .. i



MInnmmEontuealth i Juneral 3 o

Independence Drive Phone: 341-4055

MONTHS affectionately called "J.D."

of Wemyss Bight, Eleuthera
will be held on Saturday 11am
S at Assembilies of God Church
Wemyss Bight, Eleuthera.
Rev Tyrone Sands assisted by
Pastor Paul Thompson will
officiate and interment will
follow in the Public Cemetery
Wemyss Bight, Eleuthera.

Cherished memories are held
Sby his parents, Devon and
Mozena Young;
grandparents, Sidney and Norma Young, Moses and
Louise Smith; adopted grandmother, Gloria Pinder;
great grandmothers; Ellen Jolly, Blanche Smith, Maud
McKinney and Agnes Cartwright; aunts, Marion and
Eulease Thompson, Monique, Crystal and Moeisha
Smith, Cara and Tonya Young, Simone and Jessica
Thompson and Katrina Rahming; uncles, Preston Gibson,
Lewis I, Daniel, Christopher, Deangelo, Zhivargo, Lewis
II and Rashard Smith, Carlin Young, Pastor Paul
Thompson and Eddison Thompson; cousins, Mario
Carey, Paulisha and Marionique Thompson, Sydena
Petty, Destiny, Antonique, Tavia and Kealah Smith, Prisca
and Tanisha Gibson, Eddison Jr, and Edranique
Thompson; godparents, Joann, Latisha, Kayla, Phillipa,
Sheba, Viola, Alison, Jermaine, Ashley, Charles Jr and
Mackery; other relatives and friends including, Mt
Olive Tabernacle, Assemblies Of God family, Wemyss
Bight Eleuthera, Preston Cooper, Karlene Nixon, Senator
Walter Ferguson and family, Ruby Nixon and family,
Michele Leary and family, Todd Robinson and family,
Pastor Val Williams and family, Captian Mike and family,
Leo Soulek and family, and the entire community of
Wemyss Bight, Eleuthera.

Relatives and friends may view the remains at THE
Thursday from 2pm-6pm and at the church in Wemyss
Bight on Friday from 7pm to service time on Saturday.

affectionately called "Morgan"
of Karl Road of Karl Road off
Claridge Road will be held on
Saturday 11am at Mount
Pleasant Green Baptist Church
East and Quackoo Streets. Rev
Dr Wesley Thompson will
officiate and interment will
follow in the Southern Cemetery
Cowpen and Spikenard Roads.
Precious memories of Wayde
will linger in the hearts of his
loving, caring and devoted
mother, Genevie Albury; two
sisters, Louise Brown and Thirza
Higgs; 5 brothers, Orthneil, Garey, Larry, Kevin and Anthony
Albury; three aunts, Caroline Neilly of Lower Bogue Eleuthera,
Corrine Moss and Aletha Albury; 10 nieces, Sandra Martin,
Tanya Cooper, Phillipa Johnson, Tamika and Ruby Higgs,
Brenda, Renay, Keva, LaShanda and Synovia Albury; five
nephews, Dwayne LaFleur, Devon Johnson, Antoine Kemp,
Christopher Higgs and Larry Albury Jr; seven grand nieces,
Shandy LaFleur, Deazmine, Philycity and Trenyce Rolle,
Michaela Cooper, Anthia Adderley and Trevia Seymour; 11
grand nephews, Kyle and Kyliss Martin; Thorne and Nathan
Cooper, Jaleel Bastian, Jamie Lockhart, Antoine Kemp Jr, Kea,
Sean and Jayden LaFleur and Keliel Blanc; one brother-in-
law, John Henry Brown; one sister-in-law, Arnette Albury; one
niece-in-law, Chelezie LaFleur; three nephews-in-law, Mikhail,
Martin and Michael Cooper; cousins, Emerald Cash, Majorie
Wallace, Edith, Beryl and Prescola Neilly, Valerie, Berthalee
and Vanderine Albury, Sarah Pinder, Nurse Claretta Strachan,
Malvene Culmer, Eleanor Saunders, Vernecha Johnson, Phyllis
Bastian, Willamae Albury, Lilly Benson, Kevin and Pamela
Culmer, Cleveland and Malford Brown, Alvin, Randolph, Basil,
Darrel and Perkins Neilly, Stanley, Leslie, Edney, Horace and
Cleveland Albury, Rev Marie Neilly, George Moss, Monique
Cornish, Mark Johnson, Elaine Ferguson, Elsie Hunter and
family, Thelma Neilly and family, Rosealee Albury and family,
Berlin Albury and family, Olga Frazier and family, Thirza Dean
and family, Alice Newton and family, the entire Albury family,
Rev Dr Wesley Thompson and family, Mount Pleasant Green
Baptist Church family, the Judicial Department and other relatives
and friends.
Relatives and friends may view the remains at THE CHAPEL
INDEPENDENCE DRIVE on Thursday from lpm-6pm and
at.Lthe..church. on -Saturda.gf1roamto.- _i_ dc_.... Z0.





S aleeting' olonial

41ortuar kAntb remnatorium

84 Blue Hill Road P.O. Box N-8161 Tel: 325-7867
Fax: 325-7867



Harewood Sinclair Higgs LF.D.



a resident of Rosena Drive, Faith Gardens
and Formally of Deep Creek, Eleuthera,
will be held at Baptist Bible Church, Old
Trail Road on Saturday 7th June, 2008
at 11:00 a.m. Officiating will be Rev.
Dr. Howard Mills and other Ministers
and Interment will follow at Lakeview
Memorial Garden's and Mausoleums, J.
F Kennedy Drive.

Left to cherish her memory are her six
children, Marcellous Marche Jr., Mrs.
Laverne Rahming, Mrs. Deanne Reid,
Sharon, Charlene and Wendy Thompson; ._a
five brothers, Alphonso, Sears and
Clarence Thompson, Kenneth Anderson and Henry Smith; eight sisters,
Vernice Frances, Louise Thompson-Deveaus, Linda Newbold, Rebecca and
Miriam Goodman, Frances Thompson, Louise Sweeting and Firstina Pratt;
one aunt, Henrietta Rolle; twelve grandchildren, Mrs. Shakera Reid-
Rathwell, Shinika and Frank Reid Jr., Vaitaro Thompson, Latheria, Antwoniqua,
Felicity and Lemmon Marche, Lavandrea, Lattiel and Andriette Rahming
and James William; five great grandchildren, Syiera Stuart, Aishia Mason,
Kayley and Kristian Rathwell and Doniqua Richards; two sons-in-law,
Andrew Rahming, and Frank Reid Sr.; three brothers-in-law, Vincent
Francis, George Goodman and Preston Pratt, three sisters-in-law, Victoria
Thompson, Nursing Officer II Sharon Anderson and Vernita Smith; one
grandson-in-law, Kevin Rathwell; one granddaughter-in-law, Wendy Reid;
nine adopted children, Rodney Ferguson, Llewel and Rose Gardiner,
Bernadette Mortimer, Suzette Smith, Eleanor Pintard, Mary Forsythe, Carolyn
Moxey and Pauline Culmer; numerous nieces and nephews, Preston Gibson,
Genetta Sands, Aaron, Desmond, Joan, Judy and Meredith Thompson, Mizpah
Thomas and Norma Francis, Julia Smith, Rev. Warren Anderson, Danard,
Terrance and Michelle Anderson, Delberth Kelphine, Gilbert Goodman,
Sharron Pratt, Alphonso Jr., Maedawn and Ishmel Thompson, Janet Burnside,
Kathy Thompson, Rochell, Lavardo, Antoine, Elexis, Tracy, Tamika, Franceita,
Kenny, Eddison, Jason, Noel, Anita, John, Joan, Charles, Derick, Glen,
Alphonso, Keva, Walter, Earl, William, Bernard, Georgianna, Demome,
Roshanda, Rozhandra, Merciline, Weldamae, Wandamae, Velma, Deborah,
Sophia, Janet, Sonya, Tanya, Tavon, Portia, Philippa, Garth, Robert and Hank
Bethel; one godchild, Llewel Gardiner; one hundred and seventy-eight
great- grand nieces and nephews, sixty great-great grand nieces and
nephews, and a host of other relatives and friends including, Ann, Shirley,
Lovely and Estella Rolle, Christina, Emily, Florence, Louise Coleby, Sandra,
Francetta, Thomas Bodie Thompson, George Thompson, Deon Miller, Joel
Pratt, Tavala Goodman, Morlan Brown, Warren "Doc" Thompson and Family,
Paul and Debbie Thompson, Norma Ash, Beatrice Gordon, Enid Stubbs,
Helen Thompson and Family, Marcus Moxey, Thoedore Thompson, Kenneth
Clarke and Family, Pastor and Mrs. Mills and the entire Baptist Bible Church
Family, Rev. Michael Symonette and St. James Church Family, St. Margaret
Church Family, South Congregation Jehovah Witness, P.M.H. Laboratory
Staff, Adena's Creation and Staff, Batelco Shirley Street Staff, Day Spring
Academy Staff and Students, The entire Thompson, Clarke, Sweeting, Gibson,
Delancey, Strachan and Marche Family, Lawerence and Mary Prince and
Family, Caretaker Seya Baker, Staff at A & E and Female Medical Ward I
P.M. H., Dr. Sharmain Stuart, Dr. Neil Parker and Dr. Keith Rivers, The
entire South Eleuthera Community, Faith Gardens Community and Porters
Cay Dock Family.

The body will repose at the Chapel of the Saints Sweeting's Colonial
Mortuary and Crematorium, #84 Blue Hill Rd. from 12noon on Friday
until 6:00pm and on Saturday from 10:00 am. at the Church until service
hei ^ 7.i j" rr -f rrrn , .., .' .i. i ,


a resident of Lobster Avenue Golden Gates
#1 will be held on Saturday June 7th 2008
at 10:00am at the Golden Gates World
Outreach Ministries Carmichael Road.
Officiating will be Bishop Ross Davis
assisted by other ministers of the gospel
and internment will follow in Lake View
Memorial Gardens, John F. Kennedy
Drive. Services entrusted to Gateway
Memorial Funeral Chapel Mount Royal
Avenue and Kenwood Street.

M Left to cherish his memory are his wife,
SDebbie Burnside; two children, Georgette
and Shantia Burnside; mother-in-law,
Isadora Oliver; two step-mother-in-laws, Arebella Burnside and Mildrid
Munnings; father-in-law, Benjamin Munnings Sr.; eight brothers, Laurance,
Ronald, Drexel, Franklin, Everette, Godfrey and Cecil Burnside; seven sisters,
Tessirena Bodie, Betty Ramsey, Gertrude Addo, Audrey Capron, Jennifer,
Bridgette, and Lydia Burnside; one aunt, Emily Burnside; two uncles, David
Burnside and Emmanuel Rolle; thirty three sisters-in-law, Barbra, Pretia,
Sarah, Chole, Shameka and Donna Burnside, Francis Forbes, Virgil Lightboum,
Veretta Mackey, Rowena, Magielee, Cecilia, and Nicola Oliver, Quincy, Russell,
Jewel Kelly, Beatrice Gould, Gladys, Sophia, Margaret, Marcia, Paulette, Karen,
Janice, Joyce McDonald, Carla, Decora and Natasha Munnings, Krava Taylor,
Peggy Winder, and Patsy Demeritte; twenty three brothers-in-law, Henry,
Ron, Album, Kenneth and Terrance Oliver, Thomas Gould, Alfred Mackey,
Kevin and Cpl. Keith Smith, Franklyn Winder, Earnest, Cordell, Oswald, Mark,
Clyde, Michael, Benjamin, Warren, and Othama Munnings, David Capron,
Supt. Leeland Russell, Sgt. Dwayne Kelly and John Addo; uncles-in-law, Frank,
Albert, Rodger, William and Andrew Munnings; aunt-in-law, Ophelia Munnings
and family; numerous relatives and friends including; Vensil Martin and
family, Nurse Melvina Munnings of Abaco, Golden Gate Outreach Ministries,
Patricia Bowleg. Mildred Munnings and family, Mildred Higgs, Sharon Griffin,
Tasha Sands and family, Margaret Woodside and family, Rebecca Oliver and
family, Pamela and Mark Cox and family, Hailey Sands and family, Shirley
Rolle and family, Stephen Rolle, Betty and Barbara Munnings and family, Pastor
Darvin Toussaint, Veronica Munnings and family, Varnell Bowe and family,
Henry and Vera Storr and family, Geneva Pickstock and family, Zeta, Sylvia
and Sonkin Mackey and family, Reuben Stuart and family, Bee Farrington and
family, Johnathan and Kirklyn Rolle and the entire Mastic Point Community,
Martha Rolle and family and the BTC Retirees, Mr. and Mrs. Munroe, Sylvia,
Ellie, Vaughn, Kendal Mackey and family and Ned Munnings, Lloyd Fowler
and family, Merlene Rolle and family, Pastor Ross Davis and family, Arnieth
Lee, Pastor Joseph and Ethel Oliver and family, the Pickstock family, Sidney
Oliver, Osha and Coreliusa Bowleg and family, Anne Oliver, Venus Martin
and family, Cetia Bowleg and family, Albertha Burrows, Margaret Russell and
family, Sislyn Bowleg, Aaron Russell of Exuma, Rachael, and Junior and Nat
Cooper, Donna Smith, Floyd Collie, Willis and Kay and family, Gertrude and
David Fowler, Sabrina Munnings, Neva, Henderson Pickstock, Aremina Bain,
Glenda Cooper, Carlton Bowleg, Urick and Harvey Woodside, Neil Symonette,
Ben Oliver, and family, Bishop Wilbert Rolle and family, Erica Audrea, Nashia
Oliver, Todd Miller, Isadora Murphy, Kennith and Nelson Mackey, Albertha
Burrows, and Henson Pitstock, Nathle Barton, S. C. McPherson School family,
Wayne Gibson and family, Cecil Gaitor and family, the Bahamas
Telecommunications Company family, the A. F Adderly School family, The
Alpha Phi family and a host of other nephews and nieces, cousins, relatives,
friends too numerous to mention.

Friends may pay their last respects at the funeral home on Thursday from 3:00pm
to 6:00PM on Friday from 1:00 pm to 6:00pm and from 8:45am to service time
at the church on Saturday.



Runrtis filremorial fflortuarg
Chapel, Ramsey, Exuma Tel: 345-7020* Robinson Rd & 5th Street
Tel: 325-6621/322-4969 24 Hour Paging Service 323-9761



onchk of AgWes funeral QTlapel

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


Sof Elizabeth Estates and
formerly of Selina Point,
Acklins will be held on
Saturday at 10:00 A.M. at
Believers Gospel Chapel
e A Prince Charles Drive and
=W" Trinidad Ave, Elizabeth
/-/,g Estates. Officiating will be
-,&. Pastor Roderick Rolle
assisted by Other Ministers.
Interment in The Southern Cemetery Cowpen and Spiknard

She is survived by 6 Brothers: Brenville and Leon Hanna,
PC Neville Minns, Henry and Minister Leroy Colebrooke
and David Harvey; 1 Sister: Rita Curtis; 2 Uncles: Cyril
Hanna and Walter Stuart; Aunts: Lorraine Smith, Daisy
Scavella of Landrill Point, Crooked Island, Cecile Stuart
and Leanza Hanna; Nephews: David, Tony, Marco, Holland
and Preston Hanna, Christopher Minns, Leroy Jr., and
Zavan Colebrooke, Hurvin and Rishanno Curtis, David
and Davin Harvey; Nieces: Marcia, Deandra, Donna and
Lornette Hanna, Charlene, Nikia and Fredrica Minns,
Shandira, T'shura and Lavette Colebrooke and Hervemique
Curtis; 3 Sisters-in-law: Ester Minns, Nurse Ernestine
Colebrooke and Grace Colebrooke; Brother-in-law;
Inspector Herbert Curtis; Other relatives and friends
including Carolyn Black, Audrey Curry, Chester, Patrick,
Zeblon, Charmaine and Katon Hanna, Deanne Ewes and
Minister Lavaughn Sands, Barry, Barret and Megan Smith,
Najah Saunders, Carletta Toote, Keino, Ciscily and Walter
Stuart, Dr. Chandra Smith, Shonell, Kevin, Elvira, Ern,
Kenneth and Elvin Scavella, Maria, John and Willie
Adderley, Stafford Rolle, Joan Missick, The Curtis Family,
Rhetta Lewis and Family, Carla Neely and Family, Ms.
Sweeting and Family, Gloria McGregor and Family, The
Gardiners Family, Shirley and Family, Mrs. Rolle and
Family, Marcia Mckenzie, Latisha Johnson, Pastor Hart
and Family, Mrs. Kemp and the Staff of Female Medical
2-P.M.H., Dr. Parker, Dr. Sawyer and Dr. Taylor.

The body will repose at Kurtiss Memorial Mortuary,
Robinson Road and Fifth Street on Thursday from 12:00
A.M. until 6:00 P.M. Friday from 1:00 P.M. until 5:00
P.M. and at the church on Saturday 9:00 A.M. from until
service time.
[ .....Jj..* ^-*. *.... .. ... .. ... ... .... _"X^ ....... ... ^...J ^lB1.* Aa. ..- .....| i

Pastor David
Howard Rolle, 74

will be held at Mt. Olive
Baptist Church, Smith's Hill
South Andros, Bahamas
Sunday June 8th, 2008 at 9:30
a.m. Officiating will be Rev.
Dr. Michael Symonette,
assisted by other ministers of
the gospel. Interment The
Smith's Hill Public Cemetery.

Left to cherish his memory are loving and devoted wife,
Marie Rolle; sons, Hughdon and Inspector Lloyd Rolle of
the RBPF; daughters, Annie Smith, Joycelyn Johnson,
Clara Thompson, Paula Rolle and Serena Bethell; brothers,
Willis and Simeon Rolle; adopted sister, Eulene Kemp;
adopted sons/nephews, Alexander 'Junie' Stubbs, David
Rolle, Alexanader Rolle Jr., ands MP for South Andros the
Hon. Picewell Forbes and Ricardo Bullard; aunt, Francis
Rolle; sons-in-law, Philip Smith, Willard Johnson, Wilbert
Thompson, Lt. Stephen Rolle of the RBDF and Francis
Bethell; daughters-in-law, Lucretia and Aubynette Rolle
LLB; sisters-in-law, Rosemary Rolle of Forestville,
Maryland, Sylvia Rolle, Evelyn Rolle, Shirley Rolle, Sandra
Rolle and Lilymae Forbes; brothers-in-law, Grandville,
Sidney, Sharon and Marcus Garvey of West End, Grand
Bahama; grandchildren, Corporal 435 Durie Smith of the
RBPF, Patrick and Devano Smith, Rheynischka
Farquharson, De' Angelo, Devario and Joycelyn Johnson,
Kenisha and Wilbert Thompson; Deneko, Jaycinto, Donnie,
Cameron, Hughnique, Holli, Shandia, Stephen Jr., Shevaz,
Paul, Lloyd Jr. and LaShae Rolle; great-grandchildren,
Shardae and Danarjae Johnson, Deniko Rolle Jr.,Jaycinto
Rolle Jr., Gabrielle Moss and Dure Smith; a host of nieces
and nephews, Pastor Leo Rolle, Message of Hope S.D.A.
Church, Marie Bain, Louis, Anthony and Arnet Rolle,
Cathleen Porter, Audrey Bonimy, Stacey Bullard, Portia
Colebrooke, Joseph, Betsy, Anya, Darrold and Tiffany
Garvey and a host of other relatives and friends including
the entire Andros Community

Friends may pay their last respects at Rock of Ages Funeral
Chapel on Thursday from 10 am to 6 pm and in South
Andros on Saturday from 11 am until 7pm and at the
church on Sunday from 8:30 until service time.
.2_;;. om _n f w I.c ii..


- ---



Yager funeral Home & Crematornum
Queen's Highway
P.O. Box F-40288, Freeport, Grand Bahama, Bahamas
Tel: 352-8118 Paging: 352-6222 #1724
Fax: 351-3301


a resident of High Rock Grand
Bahama, will be held on Saturday
7th June 2008 at 11am at Emmanuel
Baptist Church, High Rock. Officiating
S- will be Rv Lawerence Pinder assisted
by other Ministers of the Gospel and
interment will be made in the High
Rock Public Cemetery.
Left to cherish her memories are her
five sons, Jarvin "Dr Funk", Bishop
Huden, Wendel, Min Kenneth and
\ Clement Roberts; two daughters,
\ Cynthia Martin and Telisa Rolle; three
daughters-in-law, Murtis, Janet and
Grace Roberts; two sons-in-law, Clifton Martin and Harry Rolle;
one sister, Elceita Andrews; two brothers, Rev Elvich and Matthew
Kemp; three brothers-in-law, Lofton Andrews, Austin Roberts and
Otis Carey; three sisters-in-law, Laura, Betty and Myrtle Roberts;
20 grandchildren, Javerie, Clevon, Barry, Myron, Anton, Janielle,
Javano, Deandrea, Decilia, Alicia, Kenny, KC, Kenva, Kenzo, and
Kendrick Roberts, Clifton Jr and Cynthreta, Martin, Adrian, Donavan
and Nashay Rolle; eight great grandchildren; Rondre, Rondeo,
Myron, Akavia, Avant, Avanna and Barry Roberts Jr, Johnyko and
Johynqua Bevans; two grand daughters-in-law, Shavanya and
Lucille Roberts; 30 nephews, Redwin, Edwin, and James Kemp,
Carl, Whitzel, Leroy, Daniel, Mark and Cedrel Kemp, Roscoe
Saunders, Cardinal, Cardison, Jeffery and Tyrone Andrews,
Howard, Frazier, Garnett, William, Wilton, Wilson, Walter, Rev
Rudolph, Malachi, Philip, Branville, Don, Willard and and Glinton
Roberts, Donald and Franklyn Strachan; 25 nieces, Berthamae
Laing, Lady Iris Williams, Petrol Roberts, Sheila Rolle, Christine
Greene, Coral Johnson, Tammy Pinder, Philippa Kemp, Yvonne
Knowles, Suzanne Russell, Judy and Omese Andrews, Renae
Cooper, Alma Tate, Donalee Munnings, Autherine Mott, Keva,
Adena, Jacqueline and Jocelyn Roberts, Ruthmae Colebrooke,
Inetta Dean, Marinetta Russell, Marsha and Carol Strachan; 52
grand nephews and 65 grand nephews her godchildren, Dave
Bevans, Charles Munnings and Clarissa Mclntosh, her care giver
Amytres Wildgoose, numerous cousins including Beecham,
Leecham and Berthram Roberts, Mother Theresa Pinder, Rose
& Odetta Cooper, Verletta Leathen, Evelyn Mclntosh, Rev Rufus,
Rev Preston Cooper Jr, Rev Preston Cooper Sr, and Elder Leonard
Cooper, George Bevans, Suzanne Dennis, Lloyd and Neville
Thomas and Amie Munnings and numerous other relatives including
Pastor Lawerence Pinder, Bishop Godfrey Williams, Ishmael
Laing, Denny and Royanne Mclntosh, Roselyn Ramsey, Rosetta
Kemp, Nurse Petra, Pastor Officers and Members of Emmanuel
Baptist Church, Shekinah Christain Ministries, Latter Days Outreach
Ministry and the entire community of East Grand Bahama District.
Relatives and friends may pay their respects at Yager Funeral
Home & Crematorium, Queens Highway, Freeport on Thursday
from 12noon until 6pm and at the church on Saturday from 9:30am
u ,t~l =c,.;',crc. =.:'..3. .. ......~;N L -n.;......... ........

11A East Coral Road, Freeport, G.B., Bahamas
P.O. Box F-42312
Telephone: (242) 373-1115 / (242) 373-1471
Pager: (242) 340-8043 Fax: (242) 373-3005

Robinson and Soldier Roads, Nassau, N.P., Bahamas
P.O. Box CB-12072
Telephone: (242) 394-8043 / (242) 394-8047
Pager: (242) 340-8043 Fax: (242) 340-8034



of Coral Harbour and formerly of
Millerton, Long Island, died at
Princess Margaret Hospital on
May 23, 2008.

She is survived by her son:
Marvin Stuart; godchildren:
Abigail and Monique; sisters:
Suzanne Mackey of Freeport Grand Bahama, Melvina
Knowles of Millerton Long Island; nieces: Margaret
Woodside, Barbara and Judy Mckinney, Cassandra Evans,
Coral Roach, Melina Moss; Royann Dorsette, Sandra Young,
Irene Moss, Sherelle Pinder, Jacqueline Knowles, Veronica
Demeritte, Sharon Johnson, Kavel Peterson Charlton, Cathy
Barry Cephas, Edith Beckford, Ellamae Peterson; nephews:
Clement Mckinney, George Mckinney, Herbert, Albert and
Nolan Knowles, Hubert Moss, Vernon Moss, Valentine
Ferguson, David Fawkes, Delvin Cephas and a host of other
relatives and friends.

Funeral Announcements will be made at a later date.


of Fire Trail Road died at his
residence on Sunday June 1, 2008.

." I He is survived by his wife: Evelyn
G. Williams; sons: Kennedy Jr.,
Joshua C., Samuel P. Williams;
mother: Maria Williams; mother-in-law: Gertrude Turner;
Grandmother: Manvola Williams; sisters: Erettar Williams,
Daphne Bowleg, Naomi Williams; brothers: Mario Williams
and Melvin Cox; uncles: Rev. Douglas Williams and Bishop
Washington Williams of Freeport Grand Bahama, Arlington
Williams and Hubert Williams; aunts: Rose McIntosh,
Melsaida and Louise Williams and a host of other relatives
and friends.

Funeral Announcements will be made at a later date.

Qnsd eiul*emahf^Uuin S~iFwtn




a0nd W*e

11A East Coral Road, Freeport, G.B., Bahamas
P.O. Box F-42312
Telephone: (242) 373-1115 / (242) 373-1471
Pager: (242) 340-8043 Fax: (242) 373-3005

Robinson and Soldier Roads, Nassau, N.P., Bahamas
P.O. Box CB-12072
Telephone: (242) 394-8043 / (242) 394-8047
Pager: (242) 340-8043 Fax: (242) 340-8034



He is survived by his Wife: Cheryl Tracey; Son David Tracey;
Daughters: Andrea Tracey and Michelle; Grandsons: Sterling
and Eryn; Granddaughters: Ashleigh and Emily and a host of
other relatives and friends.



30, 2008.

She is survived by her Husband: Oswald Evans; 2 Sons:
Carlos and Delano Evans; 3 Daughters; Romina and Racquel
Evans and Charise Adderley; 19 Grandchildren; 4 Sisters:
Althea Knowles, Mitizi PapaGeorge, Glendamae Scott and
Marion Davis; 1 Brother: Tony PapaGeorge; numerous nieces,
nephews and a host of other relatives and friends.



.e f'

A a



THURSDAY, MAY 29, 2008.

He is survived by his Children: Ruthmae and Cecil Smith; 4
Sisters: Esther Knowles, Withlean Rigby, Roslyn Basden,
and Melsaida Harris; 2 Brothers: Holton and William Rigby;
1 Aunt: Susan Cox, numerous nieces, nephews and host of
other relatives and friends.





e- ."~ipt~,j:,f

.' ''
" -;i~~s~
I"r~l--: -~c
.r -.



11A East Coral Road, Freeport, G.B., Bahamas Robinson and Soldier Roads, Nassau, N.P., Bahamas
P.O. Box F-42312 P.O. Box CB-12072
Telephone: (242) 373-1115 / (242) 373-1471 Telephone: (242) 394-8043 / (242) 394-8047
Pager: (242) 340-8043 Fax: (242) 373-3005 Pager: (242) 340-8043 Fax: (242) 340-8034


CqRversidfc funeral Chapel
"Where the river lies still.
'"ServinT', The Bahamas i1 Pi l rie"
FR.ANK M. COOPER Funeral Director
'r... .i Peope Who (Ca?"



She was pre-deceased by her Husband: Bruce Clinton Darville; Son:
Alfred Logan and is survived by her 3 Daughters: Geraldine Crossley,
Yvonne Bodden, Maureen Rampersaud; 2 Sons: John Palmer and
Lancelot Darville; numerous Grandchildren; numerous Great-
grandchildren; 1 Brother: Albert Sangster; 2 Daughters-in-law: Bernice
Logan and Christine Darville; 3 Sons-in-law: Cecil Crossley, Mark
Bodden and Mark Rampersaud; 3 Sisters-in-law: Sesley and Fredericka
Darville and Collonna Burrows; 3 Brothers-in-law: Coleman, Clarkston
and Cleveland Darville; numerous nieces, nephews and a host of other
relatives and friends including the local Congregations of Jehovah's

- - - - -. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -" -




Market Street & Bimini Avenue
C O. Box GT" 2305
Na.osauau. /.1i3,amas
Telephonice: (242) 356-3721
Cellular: (242) 395-8931

Cockburn Town
S ua, alZvador; Bahamas
Te 26phone:
(242) 331-2642

- .- 0


of Nicholl's Town, Andros, will
be held on Saturday morning
at 11 o'clock, at Saint
Margaret's Anglican Church,
Nicholl's Town, Andros.
Officiating will be Father S.
Turnquest. Interment will
follow in The Nicholl's Town
Public Cemetery.

He is survived by five daughters, Kathren Sweeting, Sally,
Madelyn, Constance and Monique Evans; three sons, James
Lancelot, Lockwood-Junior and Martin Evans; one adopted
daughter, Daisy Bowleg; thirty-five grandchildren, Margaret,
Giah, Kellah, Sheiden, Paul, Jamah Smith, Gareth, Jhi, Kenya,
Bruce, Leroy, Arnette, Christal, Christopher, Jamal, Raveen,
Roy-Junior, Tremelle, Marcia, Brittany, Faith, Marcel-Junior,
Jermaine, Latonya, Phillip, Sintil, Deant'e, Leroy, Levan,
Roy-ann, Arlene Sturrup, Jeremy, Keva, Terria And Tamia
Bashawn; eight great-grandchildren, Denise, Ton, Tenneco,
Ranado, Monica, Christan, Kila And Tekeisha; nine nieces,
Iris Russell, Lorene, Meryl, Darnell, Nicole, Nedra, Nadia,
Janice and Bridgette; three nephews, Wendall, Edison and
Clemnet and other relatives including, Jean Roy Cooper, E.
Jeffery Bruce, Paulette, Gloria, Melva Brown, Muriel Storr,
Sandra Evans, John Rolle, E. James Sweeting, Bertram Robert
Murphy, Alphanson Smith, Julia and Stephanie Davis, Michelle
and Dwayne Bowleg, Mark Hudson, Harry Treco, Lucille
Evans, Phillip Rolle, Menasha Simms, Everette Hart Knowles,
Solomon Roberts, Stephen Russell, Michael Colebrook, Kicky
Wallace, Sidney Scott, Kingston Brown, Rox-Anna Evans,
Alva Knowles, Samuel Storr, Jetro, Monica Evans and Vanrea

Friends may pay their last respect at Riverside Funeral Chapel,
Market Street and Bimini Avenue, on Thursday from 2 to
7.p.m., and at the church in Nicholl's Town, Andros, on Friday
From 6.p.m. to service time on Saturday.


^Bhnwrtieie S3 4Ifterad 3FIrLW
MARKET STREET P.O. BOX GT-2097 TEL: 323-5782

L Mr. Owen Arthur
S, Clarke-McNair, 41

. a resident of Murphy Town, Abaco,
& : will be held at Calvary Bible Church,
S62 Collins Ave. on Saturday at 11:00
a.m. Officiating will be Pastor
Frederick Arnett, assisted by Pastor
Allan R. Lee and Pastor Thomas
Albury. Interment follows in Southern
Cemetery, Cowpen & Spikenard

Left to cherish his precious memory are his wife, Sherita Clarke-
McNair; 4 sons, Donovaughn, Fritz, Jamal and Rajeev; 1
daughter, Ordel; 1 granddaughter, Donnika; mother, Louise
McNair of Miami Shores, Fl.; daughter-in-law: Shannie Seymour;
2 sisters, Latasha Harig of Mian i and Nicole McNair of Atlanta
GA.; 4 brothers, Leroy of Nassau, Michael, Samuel and Kevin
of USA; father-in-law, Pastor Frederick Arnett; sisters-in-law,
Karen Clarke of USA, Krystal Sair, Joy Moss, Susan McNair of
USA and Kimberly Arnett; brothers-in-law, Terry Harig of
Miami, Franz Arnett and Christopher Turquest; 14 nephews,
Terry Jr., Myles and Tyler Harig, Samuel Clarke Jr., Kevinn Jr.,
Kemerinn and Kristenn McNair, Justin Arnett, Barry Burrows,
Marlon Johnson, Devaughn Sair, Christopher Jr., Nivorii and
D'Llontez Turnquest; 8 nieces, Latoya Clarke, Michele and
Michale-Maka'lani Clarke, Sheedah Clarke, Alexis Pratt,
Shanteena Burn ws, Destiny Nixon and Raven Arnett; 5 aunts,
Muriel Williamu if Miami, FI, Cora, Ditta McNair, Lucile Cooper,
Thelma Knox other family and friends including, Edward
Thompson, Mu.vd Roche of Miami, FI, Larry and Grace Smith,
Larry and Gayle Clarke, Eleanor Johnson and family, Marcia
McPherson and family, Tass Hinds, Debbie Clarke and family,
Theresa Dumont and family, Gloria and James Simmons and
family, Anna and Pete Rahming and family, Andrew and Karen
Thompson, Pastor Roberto and Nathan Rolle, Brian and Jay
Thompson, Francis and Latoya Thompson, Nikita Thompson,
Rodney, Richard, Kenneth Bonaby, Lynn Russell and family,
Veronica Clarke and family, Freda Cleare, Patsy Ferguson, Susan
Demeritte, Marina Roberts, Doris Knowles, George, Arthur,
Neville, Terry, Charles Johnson, Gwen Spense, Lisa and Jill
Saunders, George Clarke, Shelique Johnson and family, Madline
Neely and family, Jessica Russell and family, Mr. Daren Albury
and family, the Drake family, the Abaco Hardware family, Ivy
and Milton Swain, St. Francis School Abaco, New Vision Church
family, Pastor Benjamin and family, Errol Farquharson, Drayson
Forbes, Freddie's Barber Shop, the Bethel family, all the valuable
customers of Clarke's Cuts, Nassau and Abaco, Dr. Cooper and
Pr. McPhee of PMH.

Friends may pay their last respects at Demerite's Funeral Home,
Market Street, from 2:00 p.m.-6:00 p.m. on Friday and on Saturday
at the church from 10:00 a.m. until service time.

^ .. .. *,
) .'-. -.
,' *. ,
LN ..

Craven Samuel "007"
Thompson, 63

a resident of Cowpen Road, &
formerly of High Rock, South
Andros, will be held at Shekinah
Kingdom Ministry, Gladstone Road,
on Saturday at 1:00 p.m. Officiating
will be Dr. Clement Neely.
Cremation follows.

Left to cherish his fond memory are
his five daughters, Charmaine Thompson Williams, Sharlene
Thompson King, Racquel, Shenique and Lakeisha Thompson;
one son-in-law, Dr. Kevin C. King; four grand daughters,
Ebony, Britnay, Kristin, and Katelyn; three grand sons, Charles,
Puccino and Master Kai; fiancee, Magnolia Rolle; two step
daughters, Sheena Bell and Bodeisha Rolle; four step sons,
Kevin, Keith, Kenneth Rolle and Ricardo Roker; five sisters,
Helen, Lenora, Dorothy, Glendamae and Florestta; four brothers,
Ivan, Roscoe, Dwight and Darville; twenty nieces, Olgamae,
Veronica, Marion, Karen, Crisca, Monique, Dacia, Lakeisha,
Sheikadena, Samika, Samese, Samantha, Brenda, Shonell, Jerra,
Tiffany, Monique, Tamara Andrea and Laverne; seventeen
nephews, Stevie, Trevor, Kenrick, Ivan Jr., Alexander, Dwight
Jr., Jason, Lamonte, Phillip, Luke, Deon, Dexter, Enrico, Michael,
Stanley Jr. Jervis and Troy; nine grand nieces, Eleven Grand
nephews and eleven step grand children; five aunts, Menia
Thompson, Menencia Miller, Elnora Bain, Lula Bain and Florence
Rahming; one uncle, James Thompson; three brothers-in-law,
David, Enoch and Stanley; three sisters-in-law, Bernie, Rosnell
and June Thompson; step-mother-in-law, Harriette Rolle; nine
step-sisters-in-law and five step-brothers-in-law, many other
cousins, relatives and friends, The Duncombe, Rolle, Miller,
Pennerman, Cooper, Thompson, Bain, Bethel, Knowles, Kemp,
Saunders, Lundy, Lynes, Shekinah Kingdom Ministry, Jerome
and Alice Higgs, Donna Morley, Alexander Black, Evenglist
Maryln Ingraham, Bradley, Richard Kemp and the entire High
Rock and the Bluff South Andros Community.

Friends may pay their last respects at Demeritte's Funeral Home,
Market Street, from 2:00 p.m.-6:00 p.m. on Friday and on Saturday
from 9:00 a.m.-11:00 a.m. and at the church from 12:00 noon
until service time.

~---- I





SCustoms Brokerge and the families of the Toothe Shop
Corner Community.
Relatives and friends may pay their respects at Evergreen
Frr .ll of your Funeral Sercrtc ed.,, Mortuary. Mackey Street on Thursday from 12:00 noon
we will be pleased to serve you with h,,nr.
Until 6:00 p.m. and again at the church on Saturday
i,: 242-394-7999 from 12:00 noon until service time.
or 322-3242 -


.. of Toote Shop Comer off East
Street will be held on Saturday,
June 7, 2008 at First Baptist
Church, Market Street at 1:00
Sp.m. Officiating will be Rev.
Earl Francis assisted by Rev.
Dianne Francis. Interment will follow in Old Trail
Cemetery, Abundant Life Road.

Left to cherish fond memory are his mother, Albertha
Mae Johnson; brother, Michael Johnson; sister-in-
law, Stephanie Johnson; aunts, Victoria Veronica
Ferguson, Geneva Bethel and Lucy Johnson of
Freeport, Grand Bahama; two uncles, George
Deleveaux and Charles Johnson of Freeport, Grand
Bahama; two nephews, Renaldo Wright and
Michael, Jr.; cousins, Victoria Forbes, Carla Chase,
Pearlene Knowles, Alan Ferguson, Carthon Evans,
Carol Knowles, Diana, Dwayne, Deandrea, Deannka
and Deron Bethel; and numerous other relatives
and friends including, Claython Sr., Keturah,
Claython Jr., Kaitlyn Forbes, Philip and Yvonne
Bethel, Latheira Bethel, Jendera Lundy, Shanika
and Indera McKinney, Kendrick Dean Sr., Annastasia
Russell, Kendrick Dean Jr., George McGregor, Annie
Rolle of Freeport, Grand Bahama, Gloria Bain of
Freeport, Grand Bahama, Don, Ginger, Bengie
Deleveaux, Thelma, Julian Chase, the staff of Pinder's


of Kool Acres will be held on
Thursday, June 5, 2008 at Our
Lady's Catholic Church, Deveaux
Street at 2:45 p.m. Officiating will
be Fr. Michael Kelly ss.cc.
assisted by Rev. Deacon Peter
Rahming and Rev. Deacon Maxwell Johnson Interment
will follow in the St. Joesph Church Cemtery, Bernard

Left to cherish fond memory are his wife, Zennine
Bethel; one (1) son, Benjamin; one (1) brother,
Timothy" Temmy" Clarke; one (1) sister, Cynthia
Bethel-Johnson; numerous nieces including, Judy,
Thyra, Theresa Heastie, Nell, Ingrid, Tuesday, Brendalee,
Debbie, Sherrie, Angela, Cynthia, Marilyn, Sharon,
Joanne, Carol, Anita, Virginia, Thereza, Latoya, Sabrina,
Ann, Sisa, Nicole, Kaeshiela, Clo, Monica, Andrea,
Theresa Bastian, Terresitta, Anaatacia, Monique,
Sarafina and Symphony; numerous nephews including,
Garfield, Robert, John, Thomas, Andrew, Quintin,
Simeon, Jeffery, Arron, Keith, Tony, Don, Trevor,
Michael, Timothy Jr., Oririo, Paul, Kirkley, Paul, Clyde,
Paul and Stephen; numerous relatives and friends
including, George Barber J. Johnson, Simeon, Charles
and Leon Cox, Dora, Carmel and Mary Cox, and Our
Lady's Church family.

Relatives and friends may pay their respects at Evergreen
Mortuary, Mackey Street on Wednesday from 12:00
noon until 6:00 p.m. and again on Thursday from 9:00
a.m.-12:00 noon and again at the church on from 2:00
p.m. until service time.

SHMq 1to )fiq:M .1

**iiaieLg<^^.>.f^,Mi^^ h.-^ ^ -~fi W ft.*. aw.b.w .- ,, .. - .. C ~Yi u~. Y- ^ - - .



PG 14 Thursday, June 5, 2008


The Tribune

*. -':, I .'.*



Understand the roots of lust:
Lust has been with mankind
throughout history. In fact, at the
creation of the world, God met
Adam and Eve's basic needs for
food, companionship and protec-
tion. Yet, He put one thing out of
their reach to test their love for Him
- the tree of the knowledge of good
and evil (Genesis 2:16-17).
Due to lust, they failed God's test.
Satan tempted Eve by telling her
that God was holding back some-
thing good. She and Adam, through
lust, ate the forbidden fruit. As a
result, they subjected all mankind
to God's curse (Genesis 3:6, 16-

to have
to have S X






I ,
I: `

WHEN it comes to sexual purity,
the best line of defence is defi-
nitely a good offense; that is
developing a life of prayer, engaging in
meaningful Bible study and being account-
able to someone you trust, and who is
able to guide you along in a way that is
meaningful, honest and based in love.

Rev Bjorn Burrows, associate minister at
Friendship Baptist Church on Laird Street, and
chaplain of FYAH (Friendship Youth After
Holiness), understands that for most men who
were once sexually active and are now saved and
pursuing a life of purity, that living a life of holi-
ness in regard to their sexuality will not be an easy
Unlike what some may suggest, sexual purity is
not, Rev Burrows said, a matter of a man sudden-
ly stopping his previous behaviour as much as it is
a man allowing himself to submit his own will to
"It is a matter of allowing yourself to be subject-
ed to your convictions and to what the word of
God teaches you. So if you want to get practical,
first of all I believe in the power of prayer.
"If he is earnest and seriously desires to live a
chaste life that is in accordance to God's word, then
he needs to submit that to the Lord in prayer and
allow his life to be one that is lived in prayerfulness,"
Rev Burrows explained.
The ultimate goal of a life of prayerfulness is to
allow the Holy Spirit to be the predominant authori-
SEE page 19

"Dear Heavenly Father, I can't
deal with lust apart from you.
Please forgive me and cleanse me
from my sin. And please replace
my lustful desires with Your
desires for my life, so that I can
glorify You in everything I do.
Thank You. In Jesus' name, Amen."
God's word on lust:
"Don't love the world or anything
that belongs to the world. If you
love the world, you cannot love the
Father. Our foolish pride comes
from this world, and so do our
selfish desires and our desire to
have everything we see. None of

this comes from the Father. The
world and the desires it causes are
disappearing. But if we obey God,
we will live forever" (I John 2:15-
Scriptures for study:
* James 4:1-4 (The origins of lust)
* Romans 7:14-25 (Our struggle
with lust)
SI Corinthians 6:9-10
(Consequences of lust)
* Romans 6:12-23; James 4:5-8
(Freedom in Christ)

Adapted from www.con.com
(official website of the Christian
Broadcasting Network).

Controlling the

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. i f ; "; ^ . , "., ; I -a ,., ; ; ^.,. 1Is 4 i T S G I. : Z r. 9 i. a a a J a; t E ', ^. S .1

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Dr Ivan F Butler, pastor of Kemp
Road Ministries, will celebrate 25
years of pastoral care, under the
theme, "Serving the Lord...Serving
the Church...Serving the
Community, with Gratitude!"
Saturday, June 7:
Pastor Butler's Day
* A video presentation and display
* Showcase of computer lab
* Display by Excel Academy
* Health Fair
* Soup kitchen and clothing bank
* Live Remote 107.9FM
Sunday, June 29:
T-shirt Day (all services)
* Church of God Mass Choir and
Minister Denzil Rolle will be in
worship service.
Sunday, July 6:
Appreciation Service
* Speaker Pastor Omar

* GOOD fathers will be honoured in
a special Father's Day ceremony at
the New Covenant Baptist Church,
reaffirming the bond between
fathers and sons.
For this first annual event, sched-
uled to be held at New Covenant
Baptist Church, Independence
Drive, on Thursday, June 12 at 7pm,
the National Father/Son Committee
invites fathers who have prioritised
the raising of their children to be
recognized as role models to their
children and in the community.
The committee hopes to set
fathers and sons on a healing path to
repair broken relationships which
lead to the break-down of society
and drive young people to join vio-
lent gangs.
All fathers and sons are welcome.

hold a Healing Service in honour of
Joel Simeus, the teenager who was
stabbed to death on Thursday, June
5 at Old Trail Road (site of slaying)
at 6pm. The public is encouraged to

U Did you recently give birth to the
newest little angel on earth? Have you and
your beloved recently tied the knot? Is
your church planning a special event?
Tribune Religion wants to hear from you!
We want to know about the special
things going on in your life, so go ahead
and send in your wedding photographs,
birth announcements and church activities
schedule to be posted in upcoming
Tribune Religion sections.
This service is free. Send all informa-
tion, including (especially) photographs, to
features@tribunemedia.net. Information
can be hand delivered to The Tribune at
Shirley and Deveaux Streets or call the
Religion section @ 502.2368.


MF-I- Ininhi

SEXUAL purity
is not a matter
of a man suddenly
stopping his
behaviour as
much as it is
a man allowing
himself to
submit his own
will to God's.


rfMn3ier the theme

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pastoral Annie ,rsaTr




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hef/re thou ca'mi t firth out ofthe womb &nsain/ti the cand @ ardaaint the r aH iu' the aitiNm.
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PG 16 Thursday, June 5, 2008


The Tribune

St. Paul's Bal ist Church
Fox TIIl


26th Pastoral Anniversary

I.rI JqL~fl Jo ~Dfil 'di ni A A"

The Great


* THIS is the time of year when
many students are celebrating
the end of a period of study
and the beginning of a new
phase of life. There are so
many different occasions for
graduating in the course of a
Birth is the first experience of grad-
uation as we emerge from the womb.
This is the first step taken that propels
us forward in the process of becoming
fully human. The foetus comes to full-
term or is prematurely catapulted into
What are the stories that you have
been told concerning your moment of
conception and your mother's preg-
nancy? Have you made peace with the
circumstances if they were not ideal?
The person who began as a series of
dividing cells is now in a position to
roll, sit, stand, walk and talk within a
relatively short space of time. Time
and effort produces measurable
Are you as deliberate with your
attempts at Christian formation as the
average child is intent on rapid physi-
cal development? What do you need
to do to start crawling in the faith?
How do you find the strength to pull
yourself up and out of difficult situa-
tions? Have you found the secret of a
consistent prayer life grounded in the
word of God?
Pre-school is now a reality for
almost all of our children. The gradua-
tion ceremonies are quite elaborate
and the expectation is that the children
will possess the ability to read letters,
write numbers and even spell simple
The public display of talent intro-
duces each child to the world of collec-
tive approval and applause.
Who encouraged you to step bold-
ly into your academic future?


ents and confirm the absence of oth-
To what degree have you graduat-
ed from the kinder-garden approach to
ministry, as the recipient of good
things, to one who is more interested
in serving others?
High school is the season of socializ-
ing, preparation for choice of profes-
sion, and the balancing of hormones
all at the same time. The child who
enters in grade one must navigate
carefully through the treacherous
shoals of adolescence so as to emerge,
with dignity, into the open sea of
young adulthood. A similar experi-
ence awaits the new Christian who has
yet to fully discover the faithfulness of
God in the midst of suffering.
College is the arena for sharp intel-
lectual exchange and where more per-
manent vocational preferences are
entertained. This is indeed an institu-
tion of higher learning that offers free-
dom from close supervision to facili-
tate self-discipline and motivation.
Likewise, on the spiritual journey,
this is the stage at which we worship
even if on vacation, pay tithes in tough
times, and attend church evefi if it is
raining. We know what we need and
where to find it.
Retirement is graduation from the
workforce, allowing us, hopefully, to
move into a place of less hurried activ-
ity. This is the equivalent of resting in
the Spirit, that is, being comfortable
with silence, and preparing to meet
our Maker sooner rather than later
(compared to the number of years
already lived).

Primary school looms ahead with
the promise of greater responsibility as Death is the last act of graduation
leadership skills are honed. Sports, when all is revealed and Truth is not
music, art and the academic subjects relative but absolute. Study well and
mix and mingle to draw out hidden tal- allow God to help you graduate with
the flying colours of faith.

news, read Insight on Mondays

* :,'f~ .'f,

2! 'f~1

MF-I- it Ini

The Tribune

Thursday, June 5, 2008 PG 17

St Luke's Anglican Church in Smith's Bay,

Cat Island is returned to its former beauty

FATHER Chester Burton and
church members in Cat Island 1
worked feverishly during the past
weekend to restore and repaint St
Luke's Anglican Church, Smith's
Bay to its former glory. The proj-
ect was planned as a Lenten act
of love and devotion by the
vestry of St Saviour's Parish.
As a result of financial con- "
straints and other parochial com- ^
mitments, the project has been ..
postponed however, until a later
St Luke's sits on the main thor-
oughfare of Cat Island nestled
between the Bank of the
Bahamas Complex and the /
Smith's Bay Government Health
The Church may look ready for
worship, but the roof contains a
cancer causing component,
known as 'asbestos'. However,
the wooden windows which
hanged disgracefully in place
have been discarded and alu-
minum shuttering installed.
The exterior walls have been
fully painted and give the church
a whole new aesthetic appeal. All
is well with St Luke's in Smith's
Bay, but there are many other
Anglican Churches waiting to
receive a make over like St

The Cat Island Rake and Scrape Committee celebrates 10 years

THE executive committee of the
Rake and Scrape Committee
attended a service of thanksgiving
for 10 years of existence at St
Peter's Anglican Church in
Knowles, Cat Island.
Fr Chester Burton admonished
the executive body, along with his
congregation, from the gospel pas-
sage appointed for Sunday which
spoke about the man who built his
house on rock verses the man who
built his house on sand.
He further emphasized the
importance of small communities
on islands like Cat Island working
together for the greater good of all
citizens. It is reminiscent of the
man who built his house on solid
He said further that in the eco-
nomic deprived times that
Bahamians are experiencing
church members need to be eter-

nally grateful for the boost that
comes from the spectacular week-

-FROM-LEFTar.ecommittee-membeas.Alworth Rolle, president of the Cat Island Rake
and Scrape Committee; Nurse Jessie Smith, treasurer; Fr Chester Burton, priest in
charge; Mandi Dean, secretary and Georgieanne Higgs, ex-officio.

end Rake and Scrape brings.
In his welcome address Mr
Alworth Rolle, president of the
Rake and Scrape Committee,
thanked his executive team for the
consistent, committed help they
have rendered the organisation.
Mr Rolle further said that if any-
one, be it visitor or local, were to
pass by the Rake and Scrape in
Arthur's Town, Cat Island they
would see the erection of new stalls,
and totally revamped grounds
organised under his directorship.
On Sunday evening the commit-
tee organised an old fashioned
gospel concert on the basketball
court of Arthur's Town. It was an
evening of clean, wholesome fun to
the honour and glory of God for the
whole family. Fr Burton emceed the
After ten years in existence the
Rak.l and Scrape has left an indeli-
blj mark in the lives of many indi-


ch r _. --

PG 18 Thursday, June 5, 2008


The Tribune

Rev. Dr. Susan Johnson-Cook visits the Bahamas

NEW Destiny Baptist Cathedral will
never be the same again! In celebra-
tion of its 6th anniversary, Sunday,
June 8, this year's speaker is. none
other than Rev Dr Susan Johnson-
Cook, who was recently described by
the New York Times as "Billy Graham
and Oprah rolled into one".
In demand throughout the United
States, the Caribbean and Africa as a
preacher, teacher, motivational speak-
er and seminar leader, it is clear that
Dr Johnson-Cook has prepared herself
to accomplish mega things.
During her 13 year ministry, Dr
Johnson-Cook built an active and pas-
sionate ministry. Considered one of the
Bronx's fastest growing churches,
Bronx Fellowship Christian Church,
which she currently pastors, is develop-
ing a range of services its community is
. desperately in need of.
Along with plans for economic
development projects, a technical and
career training centre and other pro-
grammes designed to empower people,
Bronx Fellowsfip has already estab-
lished a mentoring component and
sports and dance programmes.

In 1983, with a masters degree in
divinity from Union Theological
Seminary, Rev Johnson-Cook was
appointed pastor of Mariner's Temple, a
faltering church, becoming the first
African American woman to be named
pastor by the American Baptist
Association in its 200 year history.
She is president of the New York
Coalition of 100 Black Women, the
largest African American Women's
civic organisation in New York City. She
is the only African American woman
and faith community leader appointed
by former President Bill Clinton to the
historic President's Initiative on Race.
She also served as a White House
Fellow and speechwriter for President
Clinton and still serves as consultant for
religious initiatives with the
Department of Housing and Urban
Working tirelessly and with her usual
dedication and creativity, the congrega-
tion at Mariner's Temple grew steadily
and she began to build a name for her-
self as an electrifying orator and speak-
er whose messages are relevant.

DR SUSAN Johnson-Cook is the only African American woman and faith community
leader appointed by former President Bill Clinton to the historic President's Initiative on
Race. She also served as a White House Fellow and speechwriter for President Clinton.
Pictured above are former president Bill Clinton and Dr Susan Johnson-Cook.

Where does your help come from?

PSALM 121 ed, it was a place were pilgrimages were
constantly being made.
Perhaps the hills remind him of the
I THIS past week the idea goal of his journey. Jerusalem sits in the
Sthe Christian life being a hill country of Judea, but they certainly
of the Christian life being a also remind him of the dangers of his
pilgrimage resonated with journey: the dangers of the climb; the
me as I sat in the Accident & danger of bandits; the danger of heat-
Emergenc y,'outside of the stroke and exhaustion in the fierce
me y summer heat; the danger of wild ani-
operating theatre, at the mals at night.
Princess Margaret'Hospital. All this prompts his question, where
does my help come from? Where does
While there I heard stories of fami- my help come from? The answer is
lies in crisis due to various types of sick- immediate, because the psalmist is con-
ness or death. I watched as parents fident of God's ability to deliver him
S came with toys for -their children or from all harm.
flowers were delivered to a loved one The psalmist's answer is an emphatic,
or heard the cries of loved ones as they 'My help comes from the Lord'. This is
got news of the-death of a loved one. not a wishful clich6, but he has detailed
As I witness all of this, along with my reasons for his confidence in God's
own thoughts because I too was a loved help, which he goes on to unpack.
ont waiting for news we had learnt I sat there waiting in the hospital by
some disturbing news about a brother my brother who had undergone sur-
who was afflicted with cancer as I gery. I was extremely anxious, and hav-
looked at the disposition of some of the ing not slept much the night before, I
players, I asked the question: "Where was tired, but I just knew it was neces-
does your help come from" which is a sary for me to be interceding on his
theme that appears in Psalm 121. behalf and the many others in hospital.
The Psalmist says he lifts his eyes to I slowly took comfort in the words of
the hills, because he is worried. He is the Psalms and the hymn. Then it
fearful of what lies ahead. In this Psalm dawned on me all over again that God
we find the pilgrim still some way from is bigger than all of our troubles.
Jerusalem and considering the journey We see it in verse two of Psalm 121.
ahead of him. So in verse one he "lifts The Psalmist is convinced that God can
up his eyes to the hills" Jerusalem was help him because he is the maker of
the place tat ,Jewwanedto isit heaven and earth. We likethe pilgrim
S.I. who lifted his eyes to the hills and.what
'*" i fnm o-;

he saw made him anxious we too
become anxious at times when we are
faced with trouble.
But the pilgrim in the Psalms now he
lifts his eyes higher and looks beyond
to the very one who made those hills:
the one who made heaven and earth.
We must become one with our maker
himself and know that once he is on our
side there is no need to fear anything
that has been made. Nothing is beyond
God's reach and control.
This is so obviously true, and such a
basic point that it might seem hardly
worth making. But it's where the
Psalmist starts. Sometimes we need
reminding of obvious truths: when you
face anxious times, do your thoughts
turn first to our God, maker of heaven
and earth?
We need to be more like little chil-
dren. Where do our children turn when
they are anxious about something?
They run to mummy or daddy of
course, who are bigger than any prob-
lem they face. If you are a toddler
there's nothing mummy and daddy
can't sort out, right?
So, however big the thing that you
are worried about, remember that God
is bigger-much, much bigger and if you
are a Christian then he is on your side.
He is our Daddy. So let us run to him!
Because God cares about our troubles.
See next week's Religion section for
part two of Clement's word of hope for
believers,, , ,. ,, ,,,! ,., ,
! ; ,-. .i!'J;n l; ,%r L/ l ll ,H / .: <' '.-'=);i([


THE PSALMISTS answer is an emphatic,
, My help comes'from lte'Lord'. "
l J ; )' ) ;


The Tribune


Thursday, June 5, 2008 PG 19

XVI greets the
faithful from his
studio's window
overlooking St.
Peter's square
during the Angelus
prayer at the
Vatican, Sunday,
May 25, 2008. The
Pontiff is urging
people to help
those suffering
from China's
Benedict XVI was
greeting Chinese
pilgrims in St.
Peter's Square
Sunday when he
prayed for the tens
of thousands of
Chinese who per-
ished in the quake.

P A( Photo/

SPlinio Lepri)
"""""""1AP Phntn/"

Controlling the urge to have


FROM page 14 your sexual drive," Rev Burrows FALLING ONLY TO RISE AGAIN "A good way to think about it is that
noted. For the male whose sexuality was you are now engaged in covenant with
ty in a man's life and to have mastery The common belief even among once guided by the secular world, and Christ. If you go and get involved in-sin,
over his sexual urges. Rev Burrows Christians is that sexual desires are through becoming a Christian is now whether it be through sexual immorali-
believes that through life of prayer, a out of an individual's control, but, Rev urged to govern his sexuality by an ty or any other sin, you are actually
man's sexual instinct is now re-focused Burrows said, God has given everyone entirely different set of standards, it is breaking that covenant. So first and
into sexuality that is Christ-centred. the will and the way to control their not always an easy road to trod. foremost, you have to keep that
"So he is now not just looking to sat- sexuality, rather than allowing it to And despite all that men can do on covenant between you and Christ until
isfy his animalistic urges anymore. Now have control over them. The problem their own power, it takes more than the you make other commitments which
he is looking to engage and share in however, may be that' Christians best effort of natural humanity to main- in a sexual sense means until you are
something much more meaningful with underestimate the power of their own tain sexual purity. committed to a female in marriage," he
a female partner who he joins with until right to choose. There are times when a man may fall, explained.
death do them part, before God and ...If you are a Christian and you're but the believer has an advocate
before his country," he said. being chaste in your living, then you through Jesus Christ who is able to MAINTAINING THE FIGHT
And along with prayer, men who are should be able to say that this thing offer forgiveness. However, Rev While today's society is obsessed with
engaged in struggle to maintain their doesn't control me or that I don't have Burrows said that a man should not be sex, it is the Christian's responsibility to
sexual purity, should also look into the to give in. You don't have to feel obli- presumptuous in his walk with God and ask himself how he should, as a follow-
word of God for answers. While gener- gated to satisfy that urge or to say okay casually think that he can do whatever er of Christ living in an increasingly sec-
al Bible study is essential, Rev Burrows I have to have sex and I have to have it he wants and God will forgive him. ular and amoral society, behave con-
suggests specific Bible studies on what now," Rev Burrows noted. "Sure you messed up, but now you cerning sexual activity.
God has to say about sexuality. Referring to I Corinthians 6:18 need to find out why you messed up, And if a man finds that after prayer,
The believer can even go a step fur- which admonishes the believer to flee think about the personal traits that may reading the word and studying, that his
their and seek out Christian courses that from sexual immortality, Rev Burrows have led you to mess up, what were the struggle remains as intense as ever, Rev
teach him how to handle his sexuality said that one of the things a man must causes of that mistake, what are the Burrows said that seeking out Christian
Rev Burrows noted that an ongoing do if he wants to live sexually pure, is roots of this problem, how can you counselling from trained persons can
course at Zion Baptist Church on East to avoid all of the things that were address it these are the things you also help a man find answers to ques-
& Shirley Street offers teaching in prac- known to previously entice him sexual- have to look at," he said. tions that can aid him in living a pro-
tical life skills, where both men and ly. "You want to be aware of the prob- ductive Christian life.
women can learn about their human "For instance, if he used to go to the lem and then you will know it the next Finally, accountability is important.
sexuality, and how God views sexuality club on a typical night and looked at all time you see it and be able to avoid Using Alcoholics Anonymous as an
The purpose of such Bible study is to the young ladies dressed in their very falling into that pitfall again," he example, Rev Burrows said that each
provide the believer with information provocative outfits and that got his added, addict is required to be accountable to
that he can use against the worldly blood going, then he should avoid Rev Burrows also suggested that someone else. Likewise, it is good, he
standards that previously ruled his life. places like that. He should try to avoid men (and women for that matter) avoid added, to find a wiser, grounded
"One of the tools that the enemy and all of the things that would have turned adopting a presumptuous attitude Christian who can guide you along the
the world uses is to teach people that him on. So if it was watching girls in which says that he can do anything he way in the things of God.
their sexuality is just supposed to be bikinis on the beach, until he gets to a wants and always get forgiveness from "This is so that you recognize that
wild; whereas hrn r atNa n Ptoient where those things are no longer Qid b i truth ic God ti U, oar not-in it alone. This whole
instruct you od m steers over him, then he should avoa quires eie o choose, he notion of Christianity or faith is about
operate in all your activities including these places," Rev Burrows noted, said. community "


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oarr*&6~a~a~g~P~*"~-"~xaansa~*~s~ ~c ,,

PG 20 Thursday, June 5, 2008


The Tribune






IN celebration of 205 years
of Christian witness to the
Bahamian community, hon-
ourees of historic St
Matthew's Anglican Church paid a
courtesy call on Governor General
Arthur Hanna at Government House.
As part of the festivities surrounding
its 205th year, the church will celebrate
in grand style with a 'Great Ball' -
planned for Friday, June 27, at the
Wyndham Nassau Resort.
During the ball, the parish will hon-
our eleven of its members. The ball
promises to present a stellar "Oscar"
event, with entertainment from
renowned Bahamian performers and a
fantastic menu. A documentary presen-



JOINING the reception at Government House are, seated from left: Mrs Orinthia Nesbeth, Golden Angel Award; Rev James Moultrie,
Governor General Arthur Hanna, Mrs Kim Outten-Stubbs, chairperson for the 205th Anniversary celebrations; Mr Garneth Kemp, Clergy
Award. Standing from left are: Mrs Denise White, Believer's Shield Award; Ms Valarie Smith, Good Samaritan Award; Mr and Mrs Alric
Hepburn, Holy Family Award; Ms Claudette Aliens, Excellent Spirit Award; Mrs Alice and Ms Shanyse Inniss, Ruth and Naomi Award;
Mr Gerard Hepburn, Mr Berchnal Moss, Faithful Steward Award; Mr Keith Strachan, Friendship Award; Mr Bryton Ward Jr and Mr Troy
Ward Sr, Abraham and Isaac Award and Dr Austin Davis, Servant's Heart Award.

station of the honourees will be featured
highlighting their contributions, while
the Royal Bahamas Defence Force
Band fills the ballroom with music.
Establishing a Christian hallmark
It was more than 200 years ago, on
April 8, 1802, that the House of

Assembly passed an Act establishing
the eastern district of New Providence
as a separate and distinct parish from
the parish of Christ Church, to be
"called and distinguished by the name
of St. Matthew's Parish forever here-
after and by no other name."
The country's oldest edifice, St

Matthew's was later dedicated on July
18, 1802.
Tickets for the 'Great Ball' are
available at the St Matthew's Church
office (Tel: 323.8220 or 322.3259). All
proceeds are in aid of the new youth
and day care centre for the parish.


FAMILY, friends and
Anglicans from around
the Bahamas will gath-
er this weekend in
Nassau to celebrate the 25th
anniversary of ordination to the
priesthood of Father G Kingsley
Knowles, rector of St George's
Anglican Church, Palmdale.
The celebrations begin with a
gala brunch to held at Holy
Trinity Activity Centre at 1pm on
Sunday, June 8, following the
family Eucharist at St George's.
A pontifical Eucharist follows on
the Feast of St Columba,
Monday, June 9, the actual
anniversary date, at 7pm at St
George's Church. The concele-
brated mass will be held in the
presence of Archbishop Drexel
Gomez, other bishops of the dio-
cese and visiting clergy. The
Venerable Cornell J Moss will
deliver the sermon.

A life lived...a
blessing bestowed

Fr Knowles is the second son
of Mrs Evelyn Knowles-Cooper
and is the fourth child of the
Knowles/Cooper amalgamation
after his mother was married to
Mr Arthward T Cooper.
In 1975 he left for the United
States to further his education.
He attended Voorhees College,
and in 1979 obtained a liberal
arts degree in sociology.
In 1979 he attended the
University of the West Indies and
Codrington College, Barbados to
test his vocation to the priest--
hood. In 1982 he graduated with
a bachelor of arts degree in the-
After seminary life in
Barbados, Fr Knowles returned
to the Bahamas and after ordina-

tion was assigned to St
Margaret's Parish, Kemp Road
where he served as deacon and
priest. Two years later, he was
assigned to St Saviour's Parish,
Cat Island where he worked for
two years before being assigned
to St Paul's Parish, South Long
In Long Island he succeeded in
bringing about much needed sta-
bility to the parish. In July 1994,
he took up a new appointment at
St Stephen's Parish, Eight Mile
Rock, Grand Bahama.
Fr Knowles was elected to the
position of rector of St George's
Parish, Nassau, on Tuesday, April
3, 2001 where he continues to
serve as the parish's fourth rector.
Fr Knowles is married to the
former Sandra Louise Bethel of
Golden Gates, Nassau. This
union is blessed with two daugh-
ters, Kandra and Kea.