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Permanent Link: http://ufdc.ufl.edu/UF00084249/01046
 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 10, 2008
Copyright Date: 2008
Frequency: daily, except sunday
daily
normalized irregular
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
System ID: UF00084249:01046

Full Text




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BA AMADITIONAY
BAHAMAS EDITION


Y, JUNE 10, 2008 I


ing


ect questioned






r man's murr


Police unable to say if

case connected to other

killings of homosexuals


* By BRENT DEAN
Tribune Staff Reporter
bdean,@tribunemedia.net
POLICE are questioning a
suspect in connection with the
murder of Marvii Wilson, The
Tribune has learned.
"Well, we are questioning
somebody in connection with
that. We're not at the point
for court as of yet. We don't
know if we are going to reach
that point yet," said Chief
Supt. Glenn Miller, officer in
charge at the Central Detec-
tive Unit yesterday in a brief
interview.
He said that during the


course of the investigation
police have had "a number of
persons in custody" regarding
the case, noting however that
no one has voluntarily turned
themselves in in connection
with the death.
When asked if police are
able to say if there is any con-
nection between Mr Wilson's
murder and that of Thaddeus
McDonald, Harl Taylor and
Wellington Adderley, Mr
Miller said: "No I cannot say
that at this time."
He continued: "Well, we
had suspects in those matters -
SEE page eight


Bimini residents delegation wants
'attacks' against development to end
SBy BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
A DELEGATION of Bimini residents wants "attacks" by envi-
ronmentalists against the Bimini Bay development to end, and
permission to be given to start Phase II of the resort's expansion.
"As residents of Bimini, we are calling for a stop to all these
senseless attacks on Bimini Bay Resort. People who have no vest-
ed interest in our island have been battering the resort with attacks
for years. These attacks are hurting the entire island and our peo-
ple. They have no right to be doing this to us. This island belongs
to the people of Bimini and it's time to treat it that way," said Ash-
SEE page eight


. .' . . .... -. .
Teen reportedly
raped after man
forces his way
into family home
1By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
POLICE are investigating a
teenager's claim that she was
raped by a man who forced his
way inside her family's Nassau
Village home yesterday morn-
ing.
According to police reports,
around 1 am yesterday a 17-
year-old resident of the area
told her father that she was
raped by a man who broke into
their home.
The quick-thinking father ran
out of the home and gave chase
to the alleged rapist finally
apprehending him with the help
of concerned neighbours in the
SEE page six


POLICE are actively
searching for two unmasked
robbers who held up Com-
monwealth Bank's Golden
Gates branch shortly before
noon yesterday.
No one was hurt during
the ordeal, but staff mem-
bers and customers were vis-
ibly shaken, and one bank
employee had to be treated
for shock after the incident.
Maryanne Ferguson, a
Defence Force marine who
witnessed the robbery, said
that one of the gunmen, who
appeared to be in his early
20s, wore a stripped polo
shirt and a pair of dark blue
trousers. According to Iis
Ferguson the robbery hap-
pened very quickly.
"My mother-in-law was
on the teller line and when I
looked up I saw a short male
about 5' 4" and he had this
chrome short pistol in his
hand pointing at one of the
male teller's face. I just
looked up and said 'oh my
SEE page six


Killing


* By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net
FREEPORT A 39-year-old
man was murdered in broad
daylight in Freeport yesterday.
He died of gunshot injuries
at hospital after being shot yes-
terday morning.
The victim's identity was not
released by police up to press
time. His death is the sixth
homicide for the year on Grand,
Bahama.
According to Assistant Supt.
Loretta Mackey, police received
a report of a shooting around
10.39am in the area of Watkins
Lane off Pioneer's Way.
When officers arrived at the
scene, they observed EMS per-

Government aims ti
initiate mass food
growing projects
* By ALISON LOWE
Tribune Staff Reporter


sonnel attending to a black man
with multiple gunshot wounds
to the head and upper body.
The victim was taken to Rand
Memorial Hospital, where he
was treated by the doctor on
duty.
However, he later died of his
injuries.
Ms Mackey said investiga-
tions are continuing into the
shooting.
"The motive for this homi-
Scide is not known at this time.
An autopsy will be performed
to determine the exact cause of
death," she said.
The police are appealing to
the public to assist them with
their investigations by calling
911 or 350-3107/8 with infor-
mation in connection with the
matter.


IN an effort to get Bahamians to
participate in securing their food
sources in the face of global eco-
nomic turbulence the government
will seek to initiate mass residential
and school food-growing projects.
This year the government will
hand out free fruit trees and back-
yard growing kits to members of
the public and schools to encourage the cultivation of foods like
guavas, mangoes, tomatoes, cabbage and herbs, minister of agri-
culture and marine resources Larry Cartwright said.
He was giving his contribution to the budget debate in the House
SEE page eight

Twin engine aircraft

crashes off Bimini


* By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
A,52-YEAR-OLD Floridi-
an was lucky to be alive yes-
terday when the twin engine
aircraft he was piloting crashed
into waters between North and
South Bimini shortly after 1pm.
* According to a report from
Grand Bahama Chief Superin-
tendent of Police Basil Rah-
ming, Mr Norman Aranha, of
Charleston Weston, Florida,
had taken off from the Sir Lyn-


den Pindling International Air-
port in New Providence after
dropping off three passengers
and was headed back to the
Fort Lauderdale/Hollywood
Executive Airport. Mr Aran-
ha, who is the nephew of Cap-
tain Paul Aranha of Lyford
Cay, was piloting a white Aero-
Commander aircraft r/n
N501AP, owned by Atlantic
Jet Management Company.
"As he was flying over
North Bimini, the right engine
SEE page eight


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Volume: 104 No.165 TUESDA



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0OCA ANW


O In brief

Man accused of
having drug with
intent to supply
A 20-year-old man was
arraigned in Magistrate's
Court yesterday charged with
possession of marijuana with
the intent to supply.
It is alleged that on Satur-
day, June 7, Celson Levant
Stubbs of Garden Hills was
found in possession of 36
grams of marijuana with the
intent to supply it.
Stubbs, who was arraigned
before Magistrate Carolita
Bethel at Court 8 in Bank
Lane, pleaded not guilty to
the charges and was remanded
to Her Majesty's Prison until
Wednesday, when he will
return to court for a bail hear-
ing.
PM in Long Island
to meet natives,
regatta visitors
PRIME Minister Hubert
Ingraham was in Long Island
over the Labour Day weekend
and visited with natives and vis-
itors to the 41st annual Long
Island Regatta at the regatta
site in Salt Pond.
Prime Minister Ingraham also
took time to inspect a sea wall
in Simms, docks in Salt Pond,
and the road leading to the
Monument in Seymour's.


jTRoPI.
h I .UT :MInA oR
PEST COi[0'NTROL1{n
PHNE 322]-2157,' '


Mountain lion alert


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

A professional hunter was
engaged by the government to
search for a mountain lion in
Central Eleuthera, the Minis-
ter of Agriculture and Marine
Resources said yesterday.
According to Larry
Cartwright, "widespread reports
of sightings" of the alleged crea-
ture led the government to send
the hunter and animal control
wardens to the island and a
three day search was conducted
to find the feline predator.
Having found no evidence of
the animal, authorities were led
to believe the reports were
"likely unfounded", but ulti-
mately the matter was "not con-
clusively resolved," the minis-
ter told the House of Assem-
bly.
Mr Cartwright said a great
deal of fear was stirred up in
the community as a result of the
reports and some locals contin-
ue to believe that someone is


Govt engages hunter to


search Central Eleuthera


"Predation of
livestock and
aggressive animal
behaviour has
increased."

Larry Cartwright
keeping the big cat as a pet.
This unusual scenario was
described as Mr Cartwright con-
tributed to the budget debate.
He noted that there is an
increasing demand for animal
control services countrywide.
He said that during the next
budget period animal control
units are being planned for
Eleuthera, Abaco, Exuma and


Long Island. "During the last
fiscal year there were reports
of incidents from residents and
visitors of dog bites. Predation
of livestock and aggressive ani-
mal behaviour has increased,"
noted Mr Cartwright.
"Animal control wardens
conducted visits in response to
specific incidents in North
Eleuthera, the Berry Islands
and Exuma. Visits have been
conducted to aid in the control
of feral chickens and even
aggressive seagulls at resorts,"
he said.
"The department continues
to offer support to islands where
there is no -established animal
control programme through the
provision of traps for feral dogs
and raccoons," he added.


1 Cynthia Pratt recuperating


well at Doctors Hospital

By REUBEN SHEARER beats before. Two weeks ago, she visited the
heart clinic," Mr Pratt said.
OPPOSITION deputy leader Cynthia Pratt He explained that doctors did.not.want his
is recuperating well at Doctors Hospital. wife to see that they were extremely concerned
She is being treated for a thyroid condition about her condition on Saturday, and did not
and a heart condition, Dr Conville Brown told initially inform her of the potentially severe
The Tribune yesterday. situation.
Dr Brown, the attending physician, advised "My wife is a fighter, she'll be out of the
that though the former deputy prime minis- hospital, and back at work very soon," he said.
ter's condition is very serious, she will not be "She is not watching the budget debate or tun-
operated on. ing into any kind of television right now, but is
Mrs Pratt, who had been receiving treatment resting."
for thyrotoxicosis an overactive thyroid gland According to Dr Brown, Mrs Pratt will need
- was also discovered to have an inflamed gall "extensive" time off for convalescence. "She
bladder. has been advised, as most politicians, not to
She was participating in the Labour Day overwork themselves, but she certainly does fall
march on Friday, when she began complaining into that category," the doctor said.
of a palpitating heart. Dr Brown said a combi- Asked if his wife has been under significant
nation of walking and being out in the "blazing stress over the past weeks, Mr Pratt said: "This
heat" set her heart racing. is her last term, so she has been committed to
Speaking to The Tribune yesterday, Joseph, doing wvat.sbe can this last lap."
Mrs Pratt's husband said the doctors were, >. ,Mr:Pratt,said.that hisgie. willcautiniiet;r.eat ,
surprised that she survived the exertion. mpt withBahamian doctors: 'i, wil rronsider
She was diagnosed with atrial fibrillation and seeking medical attention abroad if her condi
admitted, he said. "She was having rapid heart tion becomes worse. i. :' '


Another Emerald

Bay Resort offer

expected soon,

says Ingraham
By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

ANOTHER offer for the
Emerald Bay Resort in Exuma
is expected to come before the
government before the end of
the month, Prime Minister
Hubert Ingraham said yester-
day.
Mr Ingraham previously
informed The Tribune in May
that government's National
Economic Council, on which he
sits, had turned down the first
offer put forward by would-be
purchasers Ambrose Holdings
Limited (Bahamas).
Sources later told Tribune
Business that the government
had concerns over whether the
buyers had the necessary long
term financing to fully develop
the property.
The offer put forward by
Ambrose Holdings for the lux-
ury Four Seasons resort earlier
this year was alleged to have
been in the region of $125 mil-
lion, sources said.
Declining to comment further
on the nature of the rejected
offer at that time, Mr Ingraham
did reveal that he anticipated
any new offer being presented
by Ambrose Holdings in con-
junction with "additional per-
sons."
The Emerald Bay resort has
been in receivership since June
22, 2007, when its parent com-
pany, Emerald Bay Resort
Holdings, defaulted on its debt
repayments two months earli-
er.
The resort, Exuma's "anchor
project", which employs about
500 people, had failed to gener-
ate the profits that its investors
had anticipated.
While it has continued to
operate during its receivership
period, real estate sales have
dropped off, and further devel-
opment of the resort has not
gone ahead as scheduled.
Mr Ingrahartitd'Fd2Th'TrP
"bune in May that the sale&6fthe' "'
'Exuma property isi critical for '
Exuma's economy and for the
Bahamas.'


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Radio Shack: Harbour BayTel: 393-3882 Mall at Marathon Tel: 394-3803 Lyford Cay Tel: 362-4338,
QBC: East Street North Tel: 356-2217 Mall at Marathon Tel: 394-5180
Harbour Bay Tel: 393-0506 Palmdale Tel: 356-0358


Palmdale: 322-8421


Independence: 341-8527


Cable Beach: 327-7740/I Harbour Bay


Lyford Cay: 362-5289
: 393-8761/2


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


Larry Cartwright


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.lnbrief The Bahamas 'could face renewed


US court upholds
the convictions
of five spying
accused Cuubms

AN AMERICAN feder-
al appeals court has again
upheld the controversial
convictions of five Cuban
men accused of spying in
the US.
However, according to
an Associated Press report
by Walter Putnam, the
court vacated sentences of
three of them, including
two who are serving life
terms.
The court already
upheld the convictions in
2006, rejecting the argu-
ment that the men's feder-
al trial should not have
been held in Miami
because of widespread
opposition to the Cuban
regime.
"A three-judge panel of
the 11th US Circuit Court
of Appeals returned those
cases to a federal judge in
Miami for resentencing
based on findings in an
opinion filed Wednesday
that the five gathered no
'top secret' information. It
was the third time the case
had come before the
court," the report noted.
The men have admitted
that they were agents
working for the Cuban
government but denied
spying on the United
States. "They said their
focus was on US-based
exile groups planning 'ter-
rorist' actions against the
Castro government," the
AP report said.

Criticized
Cuban officials have
accused the US govern-
ment of refusing to arrest
South Florida terrorists
exposed through the
efforts of the five men,
and criticisedtWashing- -
ton's decision to ignore
requests for the extradi-
tion of Luis Posada Car-
riles, who was convicted in
absentia of being involved
in various terrorist attacks
and plots in the Western
hemisphere, including the
1976 bombing of a Cuban
airliner that killed 73 peo-
ple.
On Wednesday, the
court ruled that two of the
men had been sentenced
too harshly, as no "top
secret information" was
gathered or transmitted by
them.
They were first convict-
ed in 2001, but this was
overturned by a three-
judge 11th Circuit panel in
2005, which agreed that
there should have been a
change of venue. Howev-
er, the full court then
reversed this decision.
According to the AP
report, the National Com-
mittee to Free the Cuban
Five denounced the deci-
sion to uphold the convic-
tions.
"It flies in the face of
the truth. The five men are
not guilty of any crime,"
said Gloria La Riva, the
committee co-ordinator.
"They were saving lives by
stopping terrorism. They
never had weapons. They
never posed any harm to
the people of the United
States."

B tjffiHM~fll


* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
THE Bahamas could soon face
renewed blacklisting as a harmful
tax haven if a new US law, which is
being supported by presidential
candidate Barack Obama, is
passed, according'to Paul Moss,
attorney and vice-president of
Dominion Management Services.
Mr Moss told The Tribune yes-
terday that the Bahamas should be
"very concerned" if Mr Obama
becomes the US' next president
and pushes through the "Stop Tax
Haven Abuse" Act.
The S-681 "Stop Tax Haven
Act", co-sponsored by Mr Obama,
Democratic Senator Carl Levin
and Republican Norm Coleman,
calls for tougher requirements on
US taxpayers using off-shore secre-
cy jurisdictions.
The Act would also give the US
Treasury the authority to take spe-
cial measures against foreign juris-
dictions and financial institutions
that impede US tax enforcement.
Mr Moss said yesterday that if
the Bahamas does not soon make
changes to its tax haven position, he
predicts that the country will again
be black-listed.
As the international position on
tax havens becomes less and less
tolerant, Mr Moss said that now is
the time for the Bahamas tochange
its status from a tax haven to that of
an attractive low-tax jurisdiction.
In his experience, the attorney
said, most companies and individ-
uals doing business in the Bahamas
are more than willing to pay some
sort of tax. They are merely
attempting to escape the "exorbi-
tant" taxes levelled at them in their
home states, he explained.
Mr Moss said that it would be
smart of the Bahamas to sign dou-
ble taxation treaties with other
countries. Such treaties would,
under certain circumstances,
exempt foreign individuals and
companies doing business in the
Bahamas from paying taxes in their
home countries and instead allow
them to pay significantly lower tax-
es to the Bahamian government.
The government, in turn, he said,


Immigration

fees to rise

in this year's

budget plan
* By MEGAN REYNOLDS
Tribune Staff Reporter
IMMIGRATION fees will
rise in this year's budget plan
to give Bahamians an advan-
tage over foreigners seeking
employment in this country.
Work permit fees ranging
between $10,000 per annum for
a permit at scale one, and $650
for permits at scales 10 through
12, will be increased to $12,500
per year for scale one and
$1,000 per annum at scale eight.
A special rate applied to reg-
istered farm labourers will be
increased to $500 per year.
Prime Minister Hubert Ingra-
ham said: "I note for the record
that the Free National Move-
ment has always believed
Bahamians ought to be given
preferential treatment as
regards employment in our
country, so long as they are suit-
able and qualified for the
employment contemplated.
"We also accept that there
are occasions when special skills
and expertise may not be avail-
able or not available in suffi-
cient numbers to meet the
requirements of our economy."
Immigration fees were
increased by 50 per cent in
some scales under the FNM
government in 1993, and rose
again in 1999.
Mr Ingraham added: "Hav-
ing not been increased during
the tenure of our predecessors
in office it has been left for us to
once again increase immigra-
tion fees."


chance of becoming the US' 44th
president in his plan for restoring
fiscal discipline, said that he will
give US Treasury Department "the
tools it needs to stop the abuse of
tax shelters and offshore tax havens
and help close the $350 billion tax
gap between taxes owed and taxes
paid."
In addition the US, the Euro-
pean Union (EU) has also.
announced its determination to
crack down on tax havens that
trade in secrecy and facilitate tax
dodging at the expense of
honest taxpayers around the
world.
In June 2000, the Organisation
for Economic Co-opefation and
Development (OECD), blacklisted
the Bahamas as a "harmful tax
haven," describing the country as
"non-cooperative in the fight
against money laundering."


blacklisting' if new US law passed


could use this money towards such
initiatives as improving the
Bahamas' health and education sys-
tems.
Mr Moss said that it is believed
that billions of dollars in foreign
tax money can currently be found
in off-shore bank accounts in the
Bahamas.
Only a small percentage of that
money, he said, could assist the
Bahamas immensely in its devel-
opment.
However, the attorney who is
also a PLP hopeful for the St Cecil-
ia constituency -said he doubts that
the current generation of politi-
cians will make any changes to the
Bahamas' tax haven position.
"They refuse take control of it.
People want to maintain the sta-
tus quo. They are shooting
themselves in the foot," he
said.
Mr Obama who stands a good


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Call for draft legislation

regulating Haitian sloops Super Sale

in Bahamian waters to 15 % 70% Off

be moved forward On Selected Items Only
* By MEGAN REYNOLDS AISN DECOR
Tribune Staff Reporter
DRAFT legislation to regulate Haitian sloops in Bahamian
waters must be pushed forward, it was argued in the US Bahamas iTHE' PlIRJICHARD DESIG'N GRA. )i P
Joint Narcotic Task Force meeting yesterday.
US deputy chief of mission David Elmo called for co-operation
from his comrades in the Bahamas and Turks and Caicos islands,
to help move forward the draft legislation on wooden-hulled
sloops potentially trafficking drugs and guns.
The legislation initiated over two years ago is a top priority
for United States Ambassador to the Bahamas Ned Siegel with the
support of President George Bush.
Plans also involve US investment in Great Inagua to expand the
harbour and improve the airport as a way of reducing criminal
activity.
Submitting his priorities for the day-long meeting in the Royal .
Bahamas Police Force Headquarters' conference centre in East
Street, Mr Elmo said: "As deputies we are operational people,
influencers, we can make this happen.
S"Lets get this sloop legislation done today and carry that mes-
sage forward."
Mr Elmo hopes the legislation will be approved before the next
Tripartite meeting hosted by the Bahamian government in Sep-
tember.
The task force is part of a 25-year co-operation between the US, '' i'
the Turks and Caicos and the Bahamas to fight drug trafficking,
gun trafficking and illegal immigration. It includes OPBAT, Oper-
ation Bahamas Turks and Caicos, which works to protect the bor- ..
ders of the three nations. ... .
Deputy director of Immigration of the Turks and Caicos islands
Alonzo Malcom said: "It is good when countries can get together
in a forum such as this to alleviate our common problems. Bayparl Building on Parliament Street
"Guns trafficking and drug trafficking brings all sorts of prob-n
lems to our shores. But together we can conquer, we will secure Telephone: (242) 323-6145
our shores." Harbour Green Shops at Lyford Cay
Bahamas Permanent Secretary of National Security Missouri Telephone: (242) 362-6527, Fax: (242) 326-9953
Sherman-Peter said: "Our initiative is to ensure that the cost of the N u, B
illicit drug trade far outweighs the benefits. P.O. Box N-121, Nassau, N.P., Bahamas
"Drugs production, trafficking and abuse are all of critical con- email:info@colesofnassau.com
cern and must be examined in a balanced way."



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Attorney Paul Moss

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'very concerned' about

Obama-backed legislation


TUESDAY, JUNE 10, 2008, PAGE 3


THE TRIBUNE


I








PAGI4,TUEDAY JUES0,O008THETRIUN


FERVENT supporters of Barack Obama like
to say that putting him in the White House
would transform America. With all due respect
to the candidate, that gets it backward. Obama
is an impressive speaker who has run a bril-
liant campaign but if he wins in November, it
will be because our country has already been
transformed.
Obama's nomination wouldn't have been
possible 20 years ago. It's possible today only
because racial division, which has driven U.S.
politics rightward for more than four decades,
has lost much of its sting.
And the de-racialization of U.S. politics has
implications that go far beyond the possibility
that we're about to elect an African-American
president. Without racial division, the conserv-
ative message which has long dominated the
political scene loses most of its effective-
ness.
Take, for example, that old standby of con-
servatives: denouncing Big Government. Last
week John McCain's economic spokesman
claimed that Barack Obama is President Bush's
true fiscal heir, because he's "dedicated to the
recent Bush tradition of spending money on
everything."
Now, the truth is that the Bush administra-
tion's big-spending impulses have been largely
limited to defence contractors. But more to the
point, the McCain campaign is deluding itself if
it thinks this issue will resonateIwith the public.
' For Americans have never disliked Big Gov-
ernment in general. In fact, they love Social
Security and Medicare, and strongly approve of
Medicaid which means that the three big
programmes that dominate domestic spending
have overwhelming public support.
If Ronald Reagan and other politicians suc-
ceeded, for a time, in convincing voters that
government spending was bad, it was by sug-
gesting that bureaucrats were taking away work-
ers' hard-earned money and giving it to you-
know-who: the "strapping young buck" using
food stamps to buy T-bone steaks, the welfare
queen driving her Cadillac. Take away the racial
element, and Americans like government spend-
ing just fine.
But why has racial division become so much
less important in American politics?
Part of the credit surely goes to Bill Clinton,
who ended welfare as we knew it. I'm not say-
ing that the end of Aid to Families With Depen-
dent Children was an unalloyed good thing; it
created a great deal of hardship. But the "bums
on welfare" played a role in political discourse
vastly disproportionate to the actual expense
of AFDC, and welfare reform took that issue off
the table.


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Another large factor has been the decline in
urban violence.
As the historian Rick. Perlstein documents
in his terrific new book "Nixonland," America's
hard right turn really began in 1966, when the
Democrats suffered a severe setback in Con-
gress and Ronald Reagan was elected gov-
ernor of California.
The cause of that right turn, as Perlstein
shows, was white fear of-urban disorder and
the associated fear that fair housinglaws would
let dangerous blacks move into white neigh-
bourhoods. "Law and order" became the rally-
ing cry of right-wing politicians, above all
Richard Nixon, who rode that fear right into the
White House.
But during the Clinton years, for reasons
nobody fully understands, the wave of urban
violence receded, and with it the ability of politi-
cians to exploit Americans' fear.
It's true that Sept. 11 gave the fear factor a
second wind: Karl Rove accusing liberals of
being soft on terrorism sounded just like Spiro
Agnew accusing liberals of being soft on crime.
But the GOP's credibility as America's defend-
er has leaked away into the sands of Iraq.
Let me add one more hypothesis: Although
Everyone makes fun of political correctness, I'd
argue that decades of pressure on public fig-
ures and the media have helped drive both
overt and strongly implied racism out of our
national discourse. For example, I don't think a
politician today could get away with running
the infamous 1988 Willie Horton ad.
Unfortunately, the campaign against misog-
yny hasn't been equally successful.
By the way, it was during the heyday of the
baby boom generation that crude racism
became unacceptable. Obama, who has been
dismissive of the boomers' "psychodrama,"
might want to give the generation that brought
about this change, fought for civil rights and
protested the Vietnam War a bit more credit.
Anyway, none of this guarantees an Obama
victory in November. Racial division has lost
much of its sting, but not all: You can be sure
that we'll be hearing a lot more about the Rev.
Jeremiah Wright and all that. Moreover, despite
Hillary Clinton's gracious, eloquent concession
speech, some of her supporters may yet refuse
to support the Democratic nominee.
But if Obama does win, it will symbolize the
great change that has taken place in America.
Racial polarization used to be a dominating
forde in our politics but we're now a different,
an better, country.
(This article was written by Paul Krugman of
the New York Times News Service c.2008).


The Tribune Limited
NULLIUS ADDICTS JURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmas of No Master
LEON E. H. DUPUCH, Publisher/Editor 1903-1914

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


ZNS Radio signals are
almost none existent, although


was supposed to nave been
extended to all the major


Sense of total chaos was the

inspiration for 'Our Bahamas'

EDITOR, The Tribune. out, with modernity in'hand, w


"Our Bahamas" (below)
inspired by recent shoot
stabbings and near riots in
around our country's ca
and hearing these discuss
Michael Pintard, his guests
the public on, The way
ward. "Our Bahamas" resi
from my feeling troubled ti
core, by a sense of and fea
total chaos. My wish is to in
a turn around or to invite t
to prepare for mayhem an
the worst.
Obediah Michael Smith
EDITOR, The Tribune.
Our Bahamas
another Black country d
the drain
is Solomon Kerzner be
ning
to rethink his investment
Paradise Island so near
all around it, slum
oasis of wealth, of the
life has to offer, in the mid
squalor
towers going up, people
standards
going down, going way d
going out fast cork pi


Swas
ings,
and
pital
-d by
sand-
For-
ulted
o the
ar of,
spire
us all
d for


baby and the bath water,
down the drain
how do these why do these
countries fail inundated by
garbage from the First World
technological gadgets, guns,
coupled with programming,
films, shows, songs
and we think, attached to
these things
we're modem, with it, when,
instead


e


are being wiped out
buttons in hand to click our-
selves into extinction
another Black country down
the drain
destabilized, its legs knocked
out from under it.

OBEDIAH MICHAEL
SMITH
Nassau.
M ay, 2608.


Political epitaph of Obama
EDITOR, The Tribune.
HAS the rush of the Junior Senator of Illinois, Senator Barak
own Obama been eclipsed by the bru-ha-ha of Trinity Church Chicago?
own There cannot be any doubt that after attending this church, he
admits he found his Jesus there, was married and christened his chil-
egin- dren and suddenly because the Focus Groups and the Political
Pollsters-tell him, Senator Obama, distance yourself and with a swift
t announcement his 22+ years of worship goes straight down the drain
and he resigns his membership tells everyone a lot about the man.
by it, This indicates very, very much the character of the Junior Senator
and will haunt him til and after November 2008 if you have not for-
gotten there will be a US general election then.
best Under fire if you believe and are a man of faith and belief you
1st of stay strong and loyal to your beliefs.
The political epitaph of Senator Obama in political terms has
been written in this Chicago Church with his resignation.
and
JOHN MORRIS
[own Nassau,
June 1, 2008.


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Treated like




dumb animals




for too long

EDITOR, The Tribune. Bahama Islands, it's as if we are
S a little uninhabited cay, as there
I shall be grateful if you has been not even a mention of
would give me a small space in such in recent years. Certainly,
your paper just to publish a bit no positive movement that we
of information for the attention can see or even hear of.
of those responsible to do some- This situation has existed for
thing about it; hoping that some we have had fiber optic cable far, far too long with no action
changes or improvement will coming into the island for from those responsible. I
take place, almost'two years; but no distri- believe, because Mayaguanians
The people of Mayaguana bution to the residents. We can- are too passive and have kept
have been treated like dumb not hear the news in our own quiet about this vexing situa-
animals for far too long. country; and if one don't have a tion.
Our mail boat service is very satellite system, to enable them I sincerely hope that those
poor; often one doesn't know to view the foreign news, we are responsible will please for
when or even if it will come. virtually out off (news wise) God's sake do something to
The Bahamasair service is from the rest of the modern improve this situation for
very poor. Mayaguanians are world. Mayaguanians and don't allow
treated as if we are insignificant Imagine, we are in the Hur- us to continue to suffer.
and often pushed aside giving ricane season and cannot rely
preference to Inagua. We often on the radio communication to A CONCERNED
have to wait for long protracted keep residents informed of a MAYAGUANIAN
periods to travel on Bahama- potential or imminent hurricane Abrahams Bay,
sair, even though sometimes the threat to the island. As for Mayaguana,
needs are urgent. Cable Bahamas services that June 3, 2008.


It's a different country


"AUTHORIZED'
MANUFACTURER
'ATHRIEO


PAGE 4, TUESDAY, JUNE 10, 2008


THE TRIBUNE













Tourism Ministry to develop special deals


THE Ministry of Tourism is
partnering with the private sector
to develop special deals which will
appeal to the cash-strapped Amer-
ican consumers.
Soaring oil prices, steady
increases at the grocery store and
the sub-prime mortgage crisis have
many American travellers in
search of bargains.
To attract those hardest hit by
the US' economic woes, the Min-
istry of Tourism, in conjunction
with the private sector is inventing
new incentives to increase arrivals
to the Bahamas.
Before there was even talk of an
impending recession by American
policy makers and the media,
Bahamian tourism officials both
private and public say they saw
the softening in the US economy
and began thinking of ways to
ensure that the Bahamas retained
or increased its market share in
what has become a fiercely com-
petitive industry.
"We are very aware of the sig-
nificant developments currently
playing out in our major market
and the Ministry of Tourism and
Aviation, in conjunction with the
private sector, has collaborated on
strategies to address the situation
head on," said Verice Walkine,
director general of Tourism.
Some of the strategies devel-
oped include attractive marketing
incentives such as three-night spe-
cials on Nassau/Paradise Island
and Grand Bahama for $299; $200
rebates also on New Providence
and Grand Bahama; "kids-stay-
free" specials, and "first- and
fourth-night-free" deals.


Bid to appeal to cash-strapped US consumers


These special offers have been
advertised on American television,
radio, in print and on numerous
web sites. The ministry and the
promotion boards say they have
also engaged with on-line travel
distributors such as Travelocity,
Expedia and Orbitz in "aggres-
sive" co-operative campaigns, as
well as with tour operators, such as
Liberty/GoGo and Travel Impres-
sions.
"We are seeing a strong ten-
dency to book dunng a short "in-
dow prior to date of amval. % which
makes it difficult to make occu-
pancy predictions but e are
very pleased \nth the
results of our recent
offers," Fred Louns-
berry, CEO of the
Nassau Paradise
Island Promotions
Board said.
Grand Bahama
Island's Tourism Board
executive, James Turn-
er, said he is vern pleased
with the response b. US
consumers to the special
offers.
"Obviously, they are seeing
a value proposition and
jumping to take
advantage of
offers which
have limited
booking win-
dows," he
said. v
Mike t
Hartman,


president of the Bahama Out
Island Promotions Board, said he
is confident that the greater col-
laboration he is witnessing
between the private sector and the
government will be of great bene-
fit.
"With the assistance of Ministry
of Tourism and Aviation, we have
been able to redesign our website,
create new online and print ads
and have


placed these in magazines, news-
papers and select websites result-
ing in enormous spikes in leads
being generated for our hotels
members," he said.
Ms Walkine said that the
already close relationship between


her ministry and the private
sector has now become even clos-
er.
"Recently, we have joined
forces even more. We have
increased the schedule of meet-
ings with the promotion boards


and representatives from major
resorts like the Cable Beach
Resorts, Sandals, Westin and Sher-
aton Our Lucaya, Atlantis and
Four Seasons.
"Additionally, task forces
designed to address specific issues
facing the industry such as airlift
and workforce development are
now in place," she said.


Sandals Royal Bahamian Resort & Offshore Island

Invite applicationfor the position of"

FINANCIAL CONTROLLER

Must posses knowledge of the application of generally accepted accounting
principles, internal control systems and computerized systems, ability
and willingness to train, counsel and coach employees; proven ability
to create and implement project plans for major improvements in
existing procedures related to existing systems or new systems and the
re-engineering of existing ways of doing business to facilitate improvements
in productivity as well as strong leadership in areas of responsibility.
The successful applicant must have a minimum of 10 years of progressive
experience in the Hotel Accounting or related field. A Bachelors
degree in Accounting or Finance with a CPA certification is required.

Interested persons should submit resume by email to:
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E-mail: CMaiorkgrp.sandals.com


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THE TRIBUNE


TUESDAY, JUNE 10, 2008, PAGE 5


5


---'








PAGE 6 TU ALCJNE10NEW2008THETIBUIN
IB


Robbers hold up


Commonwealth Bank


KEMP'SFUNERAL HOME LIMITED
22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas



MRS. OCTAVIA JEAN
HIGGS

of Blair Estates,
Nassau, N.P., The
Bahamas will be held
at Ebenezer Methodist
Church, East Shirley
Street, Nassau on '
Thursday, 12th June,
2008 at 3:30 p.m. [ ': :

The Rev. Charles New
will officiate and interment will follow in
Ebenezer Methodist Cemetery, Nassau.

Mrs. Higgs was predeceased by her daughter,
Veronica L. Higgs, and is survived by her
husband, Gordon P. Higgs;
a brother-in-law, Kingdon Higgs and family
(Harbour Island); nephew, Eugene Higgs and
family; niece, Claudette Lowe and family;
other relatives, including Patricia Cash and
family (Harbour Island), Andrew Cash and
family, Tom and Alberta Campbell and
family, Marcian Cash and family (Florida);
many dear friends, especially Una Sawyer
and family, Florence Carey and family, Freda
Hall and family, her caregiver, Susan Jarrett,
Bill and Penny Hogg, Ian and Ann Lever
and Brian and Tonya Russell.

Instead of flowers, donations may be made
to The Salvation Army, P.O.Box N. 205,
Nassau in Memory of Mrs. Octavia Jean
Higgs.

Arrangements by Kemp's Funeral Home
Limited, 22 Palmdale Avenue, Nassau, N.P.,
The Bahamas.


Central Detective Unit, police
received a report of the hold up
around 11.46 am. Mr Miller said
that both of the robbers were
reportedly armed with hand-
guns and one of them jumped
over the counter and demanded
cash. Mr Miller said that nei-
ther of the gunmen wore masks
during the hold up.


KING'S I


"They were unmasked apart
from one of the culprits wearing
a pair of dark shades and a tam
with rasta locks which appeared
to be one that you would buy
from a shop," he said.
According to reports the
bank was crowded at the time
of the robbery. Mr Miller said
that fortunately no shots were


ILTY


FROM page one
lord' because she had just
moved from in front of that
same male teller," Mrs Fergu-
son said. Mrs Ferguson said that
she immediately got to the
ground.
According to Chief Superin-
tendent Glen Miller head of the


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


marketing of
to Public
of relative


QUALIFICATIONS:

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

Interested persons should submit applications in writing to
.P..Q. Box N.-10414, Nassa u, Bahamas, Re: Marketing Position-
.or. via e-mail: tobahamas@kingsrealty.comr


VO0 CONHECO fO E WORLO





The Bahamas Telecommunications Company Limited invites applications from suitably
qualified individuals for the position of Senior Associate/Database Administrator in its iT
Technical Services Department, Nassau.
JOB SUMMARY:
The Database Administrator (DBA) is responsible for maintaining the health of BTC Oracle,
SQL and DB2 databases. The DBA implements databases, develops backup and restoration
procedures, performs database tuning, and manages the growth and performance of the IT
databases. The DBA utilizes diagnostic tools to determine system performance problems
and implements database and indexing changes as needed in order to maximize database
performance.
The DBA also researches patches and implements database upgrades and releases to keep
the database environment current This position requires regular interactions with internal
customers to understand their existing and strategic business needs and that service levels
are being met effectively and on time. The DBA maintains adequate documentation and
communication of all related system upgrades, outages, and modifications, keeping Busi-
ness Partners well informed of changes in policies and procedures. This position interfaces
frequently with other IT staff to resolve issues, implement upgrades, and deliver solutions.
DUTIES AND RESPONSIBILITIES:
Manage the day-to-day health of the IT Oracle, SQL and DB2 production databases;
Implement and support various test and training database instances as required;
Installs new databases, configures them, tunes them, and monitors performance
Utilizes diagnostic tools and explain plans to identify database performance issues;
Modifies the database schema where required to implement application system upgrades;
Works closely with the Backup and Archival Specialist to Implement database backup pro-
cedures to ensure that data is comprehensively copied;
Implements systems diagnostic and alarming tools for early detection and notification of
potential problems.
MINIMUM JOB REQUIREMENTS:
Bachelor's degree in Computer Science, Computer Engineering, Information Engineering,
Information Systems, Management Information Systems and a minimum of three (3) years
post graduate experience or
Associate's degree and four (4) years relevant experience or
Seven (7) years experience as an Associate;
7+ years experience managing, implementing and maintaining Oracle databases;
7+ years experience managing, implementing and maintaining DB2 databases;
5 years experience with AIX, OS 400, and Linux operating systems;
5 years of database design and application system development support;
Strong leadership ability
All applications are to be received at BTC's Head Office, 21 John F. Kennedy Drive, no later
than June 19th, 2008 and addressed as follows:.
VICE PRESIDENT
HUMAN RESOURCES & ADMINISTRATION
THE BAHAMAS TELECOMMUNICATIONS CO. LTD.
P.O. Box N-3048 Nassau, Bahamas
NASSAU, THE BAHAMAS
RE: Senior Associate/Database Administrator, I Technical Services Department

www.btcbahamac.com I CALL BTC 225-5282


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fired and no one was hurt. One
individual, reportedly a bank
employee shaken by the attack,
was taken away by ambulance.
Mr Miller said that police
were getting "good" informa-
tion. They were also using the
bank's surveillance footage and
composite sketches in their
investigation. Mr Miller said
that yesterday's incident was
the first bank robbery for the
year.
Supt Wayne Miller officer in
charge of the Carmichael Road
division said yesterday said that
police intend to increase their
visibility in the area.
"We will increase or visibility
in this area to ensure that cus-
tomers and staff feel safe during
this period. We assured them
that we will continue to be mon-
itoring them and to continue
patrolling, the banks in the
area," Mr Miller said yesterday.

Teen reportedly
raped after man
forces his way
into family home
FROM page one

area, Chief Superintendent
Glenn Miller said.
"There was a rape this morn-
ing. A 17-year-old of Nassau
Village around 1 am reported
(to her family) that she was
raped. The father gave chase of
the culprit after it was reported
to him and a number of con-
cerned citizens who observed
what was going on assisted in
the chase and arrested a man
who's now in custody."
CSP Miller said the alleged
attacker forced his way into the
home through a window. While
police investigations are con-
tinuing, police say there is no
information to suggest that the
victim knew her rapist.
Although traumatised by the
ordeal, the victim is in "pretty
good shape", CSP Miller said.
A 28-year-old resident of
Lewis Street is assisting police
with their investigations.


MARKETING/ADVERTISING MANAGER

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POSITION SUMMARY:


- I- I


-------------------


PAGE 6, TUESDAY, JUNE 10, 2008


THE TRIBUNE












Salvation Army School for the


Blind student makes history


A 17-YEAR-OLD student of
the Salvation Army School for the
Blind has made history by becom-
ing the Ministry of Tourism's first
visually impaired foreign language
cadet.
While Rickia Arnette sees her-
self as an ordinary teenager, others
see her as someone who accom-
plishes extraordinary things every
day.
In an addition to becoming a
language cadet, she is also the first
visually impaired intern to work
with the conference services at the
Atlantis Paradise Island resort.
Rickia's foreign language jour-
ney began at the age of nine, when
she received a scholarship to
attend the Spanish Centre where
Sandra Clarke teaches.
Ms Clarke introduced her to the
Spanish language and this has
sparked her love for many lan-
guages.
Now, Rickia has finished the
first portion of the foreign lan-
guage cadet programme, which
trains high school students to prop-
erly employ foreign languages in dS
variety of situations, including
tourism scenarios.
In July, the programme will take
her to Costa Rica for a four-week


immersion exercise.
"It's an excellent programme
and it gives young people a chance
to learn a second language and its
origin," Rickia said.
"It gives us an opportunity to
meet persons outside of the
Bahamas and it helps us to build a
relationship with them where we
can promote the Bahamas."

Training
In the midst of a busy training
programme, Rickia is also com-
pleting her 40-hour volunteer
internship at Atlantis, where she
gets to practice Spanish and assist
visitors.
"Learning a second language is
important because the Bahamas is
becoming a mixing bowl every
day," she said.
"As we develop, we find that a
lot of our visitors speak Spanish
or another language. I'd like to
further improve my communica-
tion skills in Spanish because I
want to be able to communicate
with the visitors and make them
feel at home to keep them coming
again."
In addition to Spanish, Rickia
has set herself the goals of learning


French, German, Italian, Chinese
and Creole.
She hopes to become an inter-
preter and assist visitors, includ-
ing those who may be visually
impaired.
Maria Deleveaux, principal of
the Salvation Army School for the
Blind, said Rickia has the right atti-
tude to succeed in whatever she
decides to do.
She described Rickia as an inspi-
ration to her other students.
"Rickia loves to share, so she
shares all areas with the students,"
Ms Deleveaux said.
"To the little ones, she is like
their mother. The older ones, she
would try to help them the best
she can, even though sometimes
she is rejected by them. Some-
times, they treat her really (harsh-
ly), but she never gives up. She
would still be there for them when
they need her, and she's still there
smiling through it all."


Rickia said that she has had sup-
portive people in her life to keep
her motivated and focused.
She lists her biggest supporters
as Ms Deleveaux, her Spanish
teacher Ms Clarke, her homeroom
teacher William Lightbourn and
her entire family.
"My mother picks me up when
I'm down and she encourages me
to.keep studying and staying
focused," she said.
Rickia is determined to accom-
plish all of her goals.
In the near future, she plans to
study foreign languages at the Col-
lege of the Bahamas, live in Mexi-
co or Spain for up to two years,
work as an interpreter for the Min-
istry of Tourism and transcribe
documents into Braille for visually
impaired visitors.


MARIA DELEVEAUX, principal of the Salvation Army School for the
Blind, and Rickia Arnette.


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Royal Island (Bahamas) Limited, the developers of the Royal Island
Resort and Residential Project, just off North Eleuthera wish to fill
the following position:

Electrical Superintendent

This position will oversee the construction and installation of the
island-wide electrical systems Royal Island Bahamas.

The Qualified person will be able to run underground conduits, install
conduits in buildings, thus understand electrical installation needs
from start to finish. You will supervise contractors in the installation
of the designed electrical system. Primary responsibilities include
direct supervision of the electrical contractors, trouble shooting,
planning work, maintain jobsite safety, prepare daily construction
,-i .roejps ,and ,t par iciptte, weJlyCpnotruction ,me~Le gs.. Position ...
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in maintenance and repair of electrical equipment in a commercial
industry is better. Local candidates preferred. IMMEDIATE
INTERVIEWS for qualified applicants.

Qualifications and Experience:

The individual must have a minimum of fifteen (15) years of trade
experience in the electrical field. Applicant must demonstrate strong
leadership and excellent communication skills.

The successful candidate will be required to work on Royal Island
Bahamas.

Interested persons should submit their resumes with cover letter to:

Fax to: (954) 745-4399
Or
Email to: aileen.miller@royalislandbahamas.com

Royal Island (Bahamas) Limited thanks all applicants for their
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TUESDAY, JUNE 10, 2008, PAGE 7


THE TRIBUNE










P 8 E 2T R


Twin engine aircraft

FROM page one

on the aircraft suddenly failed, resulting in the pilot turning
around and descending in an attempt to land on South Bimini,"
said Chief Superintendent Rahming. "However, as he was
approaching South Bimini, the left engine also failed, causing
him to ditch the aircraft into the sea, about a half mile south of
the tip of North Bimini, opposite the Bimini Sands Resort."
Reportedly, Chief Councilor Tasha Bullard-Rolle, with oth-
er persons who saw the aircraft going into the sea, immediately
dispatched several boats to the scene, one of which rescued Mr
Aranha and ferried him ashore at the Bimini Sands Marina.
The aircraft, however sank to the bottom in about 35 to 40 feet
of water.
'"A local diver was able to retrieve the pilot's personal
belongings and the flight documents from the sunken plane,"
Chief Superintendent Rahming said.
"The Civil Aviation Department out of New Providence,
along with the National Transportation Safety Board in Wash-
ington, DC, will be conducting an investigation into this inci-
dent," he added.


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CB
COMMONWEALTH BANK

Employment Opportunity
Assistant Manager Recruitment,
Human Resources

Commonwealth Bank is the premier Bahamian Bank with
branches located in New Providence, Abaco and Grand Bahama.
We are committed to delivering superior quality service, to
training and developing our employees, to creating value for our
shareholders and to promoting economic growth and stability in
the community.

Commonwealth Bank is presently considering applications for
Assistant Manager Recruitment, Human Resources.

CORE RESPONSIBILITIES INCLUDE:
* Actively recruiting staff through job fairs, focused advertising and
in house posting
* Overseeing the testing of applicants
* Screening / interviewing of applicants
* Performing all background checks, obtaining references and
transcripts on potential candidates
* Preparing job letters, job descriptions and other new hire forms
and documents
* Conducting the welcome and familiarization' program for new
hires
* Overseeing the Bank's Employee Referral program
* Maintaining the HR Database
* Preparation of HR reports
* Setting annual objectives for direct reports and appraising their
performance semi annually
* Training and coaching of direct reports
* Promoting and maintaining excellent customer service

QUALIFICATIONS, SKILLS AND EXPERIENCE:
Candidates must meet the following criteria:
* Possess a Bachelor's Degree or higher in Human Resources or
in a related discipline from an accredited University
* Minimum of five years experience in Human Resources with a
minimum of two years experience in recruiting
* Excellent interpersonal skills
* Proficient in the use of the Microsoft range of applications
* Excellent communication, analytical and reasoning skills
* Excellent organizational and time management skills
* Team Player with the ability to add value and strength to the
team and team goals
* Honest, hardworking and ability to meet deadlines

REMUNERATION PACKAGE:
Commonwealth Bank is a Great place to work! We offer an
exciting work environment with the opportunity for growth and
development. We also offer a competitive compensation package,
reflecting the successful applicant's experience and qualifications,
including a performance based incentive plan, health, vision,
dental and life insurances and a pension plan.

Qualified individuals should submit complete resumes before
June 13, 2008 to:


Human Resources Department
Re: Assistant Manager HR
P.O. Box SS-6263
Nassau Bahamas
Telefax: (242) 393-8073
E-mail address:hr@ combankltd.com


FROM page one Su

persons of interest who came Sus
up. We brought them into cus-
tody we questioned them, and
persons were released. We
don't at this point, we don't j
have sufficient evidence to
(bring) a charge against any-
body. "Of course
"But certainly as informa- solved. Of coi
tion comes about we are be," answered
bringing persons in and we are response to a q
-questioning them." likelihood of
Some have expressed doubt these killings tl
that police will solve the vated the coun
crimes because they all fident that it is
involve gay men. Extreme that is working
homophobia in the Bahamas rently, there i
makes it risky for homosexu- room. We have
als to come forward and pos- cers working oi
sibly testify, as being 'outed' as we speak ai
can have, serious personal with the people
and professional conse- ing them."
quences. Mr Wilson,

FROM page one

of Assembly yesterday.
"Confronting the challenges of food security
must be a collaborative effort. While our main
thrust is to improve the commercial viability of
the agricultural sector, we also believe that...we
should encourage all Bahamians to define a role
for themselves in reducing their food costs and
their vulnerability to imports," he said.
"This government believes we must return to
days when householders grew a little something
for themselves in their backyards: We must get
back to basics."
A pilot "urban backyard garden programme"
will be put into motion, involving 100 households
in New Providence.
After being presented with backyard growing
kits put together by.the Bahamas Agricultural
and Industrial Corporation, selected residents'
progress will be monitored over a three-month
period.
"Participating residents will each be encour-
aged.to devote a minimum of 30 square feet of
yard space to producing two to four crops a
year...the backyard kits will consist of seeds, soil
nutrients and basic planting and crop care infor-
mation," said Mr Cartwright.
He added: "By simply growing two cycles of


)ect questioned



y man's murder


they will be
urse they will
I Mr Miller in
question on the
resolution to
hat have capti-
try. "I am con-
s a good team
on them. Cur-
is an incident
t teams of offi-
n these matters
nd I feel good
That are work-

a 32-year-old


Jamaican, was stabbed to
death with a sword or large
dagger last Tuesday at his
Rusty Bethel Avenue apart-
ment near ZNS.
Mr Adderley had his throat
slashed several weeks ago at
his Delancey Street apartment
just across the street from the
old Buena Vista restaurant,
which is just a few hundred
yards from the two sites where
Dr McDonald (Queen's
Street) and Mr Taylor (West
Hill Street) were killed in
November 2007.


Food growing projects

tomato, cucumber, sweet pepper and cassava the
average household would have significant sav-
ings per annum."
Mr Cartwright added that as a part of the gov-
ernment's new "residential fruit tree programme"
he anticipates his ministry being able to distribute
free of charge various fruit trees, with basic care
instructions, to "householders, schools and pub-
lic entities" by October.
"It will be good for our health and environ-
ment (and) will provide a basis for domestic and
commercial consumption," he said.
Meanwhile, school gardens will be established
this year as part of a three year programme
intended to get more young people involved in
efforts to secure Bahamian food supplies in the
longer term.
Planted gardens will play a part in encouraging
young people "to appreciate agriculture, nature
and the environment, and to impress on them
the critical importance of food security," noted Mr
Cartwright.
He added that government also hopes the in-
school and residential initiatives will assist gov-
ernment in "demonstrating the viability of tech-
nology driven agriculture."


Bimini residents

delegation wants

'attacks' against

development

to end

FROM page one

ley Saunders, a local govern-
ment councillor for Bimini
and Cat Cay, in a petition
with 300 signatures delivered
to the prime minister's office
yesterday.
Opponents to the Bimini
Bay Resort, who claim
that it is destroying the
habitat on the island, have
established two websites
detailing the environmen-
. tal degradation they think
the development has
caused. They accuse the
development, which is led
by Gerardo Capo, of cut-
ting down, filling in and
destroying the rich man-
grove ecosystem of Bimini.
Mr Saunders, in an
interview at The Tribune,
accompanied by nine other
Bimini residents, said that
the repeated attacks on
the resort puts at risk the
jobs of the numerous
island residents who make
their living from the
resort, either directly or
through economic spin-
offs.
The international envi-
ronmentalists who have
kept up a sustained attack
on the resort, said Mr
Saunders, "have no vested
interest in Bimini and no
interest in the welfare of
children."
The negative talk on the
websites can damage the
economy of the island by
,making tourists wary of
coming to the island, he
said.
"Because once the
tourists see this bad nega-
tivism on the Internet,
they'll go to other destina-
tions."
Straw vendor Carmen
Dames, who was one of
the residents from Bimini
in the delegation, spoke to
oIif.merchants re e
from the development.
"The resort has made
purchases very good for
Bimini, you know, down in
the market. We were
doing very good, especially
during the weekends when
they're (the resort) full.
They (tourists) flow down
to the market and pur-
chase the souvenirs and
Bimini bread and conchs
and lobsters and every-
thing else they can have
that they want," she said.
In a two-page article
that recently appeared in
"Diver" magazine, Jean-
Michael Cousteau, grand-
son of ocean explorer
Jacques Cousteau, strong-
ly criticised the Bimini
Bay development.
"Unless something is
done soon to develop a
more sustainable plan that
safeguards the habitat, it
will soon be bulldozed for-
ever. The Capo Group
plan to expand Bimini Bay
in favour of more condos
and a golf course in Phase
II. If Bimini Bay is to be
saved, Phase II must be
stopped," ie said.
Another vocal foreign
voice is Dr Samuel Gru-
ber, head of the Bimini
Bay Biological Field Sta-
tion referred to as the
Shark Lab. He is a
University of Miami pro-
fessor.
Mr Saunders said that
he too is concerned about
the environment in Bimini
and is of the view that the
government should estab-
lish a Bimini Land and Sea
Park (BLSP), a protected
land and marine area on
East Bimini, under the
management of the
Bahamas National
Trust.
"I truly feel that the
quicker the BLSP is imple-
mented, all the name call-


ing and stone throwing
between the proponents
for the mangroves and the
proponents for the devel-
opment will cease," he
said in a document
expressing his views on the
environmental measures
needed to protect the
island.
"Also the sooner BSLP
becomes a reality, that
portion of land becomes
out of reach of land specu-
lators and real estate
developers for good."
Phase II of the develop-
ment includes a luxury
Conrad Hotel.


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The Bahamas Telecmmnications company, Limited (BTC)

The Bahamas Telecommunications Company, Limited (BTC)


The Bahamas Telecommunications Company Limited (BTC) is soliciting proposals
from qualified parties to provide a "War Gaming Proposal".

BTC is seeking to secure the services of a consultant or agency to analyze the opera-
tional and marketing performance and strategies of BTC with respect to its mobile
market segment. The agency or consultant is expected to provide a proposal that
will introduce a "dummy" company by the name of Megacell into the marketplace
with the primary purpose of penetrating BTC's mobile customer base.

Megacell will develop a full marketing and product roll out strategy to be imple-
mented in a virtual environment. It should include the following:
* Launch plans and related collateral and activities
* Budgetary provisions for all marketing activities
SMarketing collateral geared to specific and ongoing promotions, specials, and
other differentiators
* Pricing of goods and services, including seasonal pricing
Strategy for corporate sponsorship and corporate civic citizenship
SWholesale and Retail Distribution strategy, including third party licensed retailers
and/or handset subsidies and pricing as may be applicable.
* Customer care strategies, including specific strategies for customer acquisition
and retention
* Strategies(both formal and informal) for managing and influencing the regulatory
environment and for competitor and market intelligence gathering

Interested parties may obtain further information, including eligibility to participate
as of May 26, 2008 from the BTC Marketing Department, Bay Street, Nassau, Baha-
mas.

Any queries should be directed to Eldri Ferguson, eferguson@btcbahamas.com ,
242-302-7540.

Please respond to this RFP by no later than July 8, 2008 addressed to:

Mr. Kirk Griffin
Executive Vice President
The Bahamas Telecommunications Company Limited
P. O. Box N-3048
John F. Kennedy Drive
Nassau, Bahamas

Proposals will be opened 12 Noon, July 11, 2008, BTC Marketing Office, Bay Street.

BTC reserves the right to reject any or all proposals.


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


PAGE 8, TUESDAY, JUNE 10, 2008


THE TRIBUNE












Atlantis team


conducts coral


reef clean-up


IN COMMEMORATION
of World Ocean Day on Sun-
day, the Atlantis team initiat-
ed an extensive coral reef
clean-up exercise.
The event was spearheaded
by vice president of water fea-
tures, Michelle Liu and direc-
tor of marine aquarium oper-
ations, Dave Wert.
A team of 14 scuba divers
and two on-board crew mem-
bers set out on Atlantis' "Sea
Keeper" to help dig up the
piles of debris that cluttered
a struggling coral reef off the
eastern end of New Provi-
dence. This is the first time
that Atlantis has orchestrated
a clean-up of this magnitude.
"We recently discovered a
reef with a heap of garbage in
one spot. In order for the reef
to grow you can't have for-
eign objects on it. By remov-
ing the debris we're giving the
reef an opportunity to flour-
ish," explained Michelle Liu.
Once at the spot, the 14
divers put on their scuba gear,
jumped in the water, and got
to work combing the 45
square foot area in search of
the unwanted debris. It didn't
take them long to find it.
Within minutes they could be
seen hauling large orange bas-
kets filled with bottles back to


the boat. In addition to the
bottles, they also found tyres
and old wire, all believed to
have come from a sloop that
may have gone down in the
area decades ago. It took the
divers just two hours to fill
three large blue bins with
more than 1000 bottles and
three tyres.
"I think we did a good job.
We managed to get most of
the bottles and all of the tyres
up," said Dave Wert.
Thursday afternoon's clean-
up exercise is just one of the
many ways that Kerzner Inter-
national has become a lead-
ing environmental steward.
Recently, The Blue Project -
an initiative meant to restore
dying coral reefs was estab-
lished as well as a number of
other ocean conservation pro-
jects.
"People don't realize that
what we're doing on land is
destroying our marine envi-
ronment," explains Liu.s
She hopes that this "World
Ocean Day Coral Reef Clean-
up" will help encourage other
Bahamians to continue the
trend of keeping.our waters
clean.
By doing that, we'll guaran-
tee its sustainability into the
future, she said.


Albany begins


a summer


internship


programme


Development seeking interns


ALBANY has developed a summer internship programme
through which Bahamian students can gain hands-on experience
in several areas of the $1.3 billion resort community.
Open to students grades 11 though college, the programme
focuses on three main fields associated with Phase One of the
development: construction management, environmental man-
agement and golf course development.
The internship is running from June through August 2008..
"With construction at Albany under way, we have worked to
strengthen and promote the use of Bahamian skilled labour and
with this goal in mind, we wanted to open our business to allow
Bahamian youth to work hand-in-hand with local and interna-
tional contractors," said Christopher Anand, managing director
of Albany. "This programme is of great importance to us as we
strive to be a positive force in the Bahamas."

Resort
Albany is a luxury beach resort community spanning 565
acres on the southwestern coast of New Providence being devel-
oped by Tiger Woods, Ernie Els and Tavistock Group.
The development is located between Adelaide Village and
South Ocean Golf Course and will include a luxury boutique
hotel, mega-yacht marina, equestrian centre, state-of-the-art
fitness centre with lap pool, spa, tennis centre, water park,
adult pool and an 18-hole championship golf course designed by
Ernie Els.
"As The Bahamas continues to develop, great care has to be
taken to ensure that the next generations of Bahamians have the
best opportunity of benefiting through first-hand experience and
international exposure to new techniques and methodologies,"
said Ms Rochelle Newbold, programme co-ordinator.

* ALBANY INTERNSHIP PROGRAM 2008
Scope of Work
Construction Programme:
Each intern is mentored by a project manager or senior pro-
ject engineer, who will guide and supervise them in accom-
plishing their assigned responsibilities and training.
Interns are exposed to the local style of construction as a
business while receiving a hands-on introduction to the world of
construction management. Each intern is placed on one of our
many construction projects related to the amenities identified in
Phase One of the Albany development. The experience gained
will depend on the type of project to which each intern is
assigned and the construction phase in which they enter the pro-
ject.
Environmental Programme:
Each intern is mentored by a project manager or senior pro-
ject engineer, who will guide and supervise them in accom-
plishing their assigned responsibilities and training.
The interns will work on a combination of special projects and
provide administrative support. Special projects will include
work related to the development's Environmental Impact
Assessment (EIA) and Environmental Management Plan
(EMP) mitigation requirements.
GolfCourse Programme:
The interns will work on a combination of special projects and
provide administrative support. The golf course programme
will deal primarily with the development of the 18-hole cham-
pionship golf course.


Saffrey Square
Bay Street
www. bahamasrea Ity. bs
I 1wT www.cbricha rdellis.com


PRIME OFFICE SUITES


py Street (
--irBay P

4te


242) 302-2800
almdale Mall at Marathon
Crystal Court at Atlantis


bPIC


TUESDAY, JUNE 10, 2008, PAGE 9


THE TRIBUNE







PAGE 10, TUESDAY, JUNE 10, 2008

TUESDAY EVENING JUNE 10, 2008

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

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8 WPBT Sponge fishing. cal chemical, physical and functional change in the brain. Life A (CC)
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Deco Drive The Moment of Truth Contestants Hell's Kitchen The chefs are chal- News (N) (CC)
0 WSVN must tell the truth during a lie-detec- lenged to teach cooking-impaired
tor test. (N) C (CC) housewives. (N) A (CC)
Jeo ardy! (N) Jimm Kmmel :31)NBA NBA Basketball Finals Game 3- Boston Celtics at Los Angeles Lakers.
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CB Street (N)(CC) port (CC) 22 Minutes (CC) (CC),
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COM probes patient'sWithJon Stew- port(CC) tums to college. Gay Al becomes The comic performs. (CC)
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LIFE 'Still Coaching" Barbra Jean spar. Jean wins Reba Sheedy, Mark Rendall, Hannah Lochner. Police coerce a 14-year-old to
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TLC Detectives Fatal to Extremes" People go to great Seduction" The sexual solicitation of ter goesto prison for the murder of
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(:00) Law & Or- Law & Order "Patient Zero" Detec- Law & Order "Flaw" Fontana and Bones Dr. Brennan tries onlirie dat-
TNT der "Myth of Fin- tives probe a deadly carjacking in- Green discover a money-laundering ing but finds herself the target of a
_erprints" evolving SARS. (CC)(DVS) scheme. (CC) (DVS) shooting.n (CC)
TOON George of the Chop Socky Courage the Johnny Test C Johnny Test C Ben 10 Naruto
N ungle Chooks Cowardly Dog (CC)(CCC)
TRU Cops Palm Cops (CC) Cops "Coast to World's Wildest Inside American Inside American
TRU Beach" (CC) Coast" ) (CC) Jail (N) Jail
TV5 To ute une P6kin express "Choyf Fourchette et L'lle baroque
TWC (:00) Abrams & Bettes: Beyond the Forecast Weather: Evening Edition (CC)
(:00) Yo Amo a AI Diablo con Los Guapos Fuego en la Sangre Hermanos Aquiy Ahora
UNIV Juan Querend6n buscan venganza.
(:00) Law & Or- ** THE 40-YEAR-OLD VIRGIN (2005, Romance-Comedy) Steve Carell, Catherine Keener, Paul Rudd.
USA der: Criminal In- Three co-workers unite to help their buddy get a sex life. (CC)
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VH1 *** DRUM- 40 Hottest Hotties of the '90s (CC) ** THE KARATE KID (1984)
LINE (2002) nARalph Macchio. Premiere. ,
VS. :00) TapouT TapouT (CC) *x BLOODSPORT (1988) Jean-Claude Van Damme, Donald Gibb. A
S (CC) Westemer wins a martial arts competition in Hong Kong. .
WGN 00)nAmerica' MLB Baseball Atlanta Braves at Chicago Cubs. From Wrigley Field in Chicago. (Live) C (CC)
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Videos n (CC)
FamilyGuyn- Bea and the Geek "Opposites Reaper Sam must capture the soul CW11 News at Ten With Kaity
W PIX temshp with Attra The male beauty and the fe- of an angry mistress who sends in- Tong, Jim Watkins (N) (CC)
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WSBK (CC) Stinks" C (CC) suspects Maris is
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HBO-E the U.S. Women's Soccer Team sky, Amanda Bynes. A Baltimore giri becomes an overnight celebrity. C NAME: THE
l (CC) 'PG' (CC) CLEANER (CC)


(6:15) ** A ** FAST FOOD NATION (2006, Drama) Greg Kinnear, Patricia Ar- *** BLACK RAIN (1989, Crime
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SHOW Simpson, Dax Shepard. iV. Two store clerks vie for a coveted award. C AND THE ERA OF PREDATORY LENDERS (2006,
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Golf Federation to stage







open trials this weekend


* By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

THE Bahamas Golf Federation has
been forced to change its selection
process for the 52nd Caribbean Ama-
teur Golf Championships.
According to first vice president
Craig Flowers, the BGF will stage an
open trials over three days this week-
end for all players interested in travel-
ing to the Cayman Islands the first
weekend in August.
Flowers said the federation finds itself
in a tough situation with hardly any of
the facilities available to compete on. So
Flowers said they have no other choice
but to compact the trials into a one-
shot deal. "It impossible for us to have
qualifying rounds plus the final trials,"
Flowers revealed. "So we have decided
to go right into a final round with an
open field."
Any player interested in participating
must be a financial member of the BGF


and willing to pay the entry fee of
$400.00 for 72 holes, which will be
spread over 27 holes on Friday and Sat-
urday at the newly constructed Blue
Shark Golf Course at South Ocean and
18 at the Lyford Cay Golf Course.
"The difficulty that we have is the
fact that we didn't have sufficient time
to notify the players away in college to
compete in this event this weekend,"
Flowers lamented.
"A lot of them have made other
arrangements to compete in their col-
lege events because in talking with
them, they prefer to compete in their
meets where the competition is expect-
ed to be greater than it would be in the
Caymans."
The way the trials will be set up,
Flowers said the players will partici-
pate in the first 18 holes for the first
round on Friday, followed by nine holes
to start the second day.
They will come back on Saturday to
compete the nine holes for the second
round before going into 18 holes for


the third day of competition.
Both Friday and Saturday will be a
progressive start at 8 a.m. On Sunday,
they will complete the trials with anoth-
er 18 holes with a progressive start at
12:30 p.m.
Following the trials, the final 14-
member team competing in five cate-
gories will be selected.
The team will be based on the Hoer-
man Cup for regular players (five play-
ers with the best four count each day);
Ramon Baez Trophy for Mid-Amafeur
players 35 and older (two players, bet-
ter ball), Francis/Steele-Perkins for
seniors players 50 and older (two play-
ers, better ball); Higgs and Higgs super-
seniors for players 60 and older (two
players, better ball) and the George
Teale Cup for ladies (three players with
best two'count each day).
"The greatest impact will be the fact
that we have players coming in from
Freeport on the first day of the trials,"
Flowers stated. "They have a lot of golf
to play. "I think playing 27 holes over


two days will test the endurance of all of
the golfers, particularly the senior and
super seniors, who don't get that much
opportunity to play that much golf in
such a short space of time."
Had the younger collegiate players
come home, Flowers said the format
would have definitely favoured them.
But the way the format is set up, it will.
take its toll on all players.
"After the finals, the team will be
selected this weekend," Flowers
stressed. "So we are encouraging any
and all players who are members of the
BGF and who wish to make the team to
come out and try out."
Last year in the Dominican Republic,
the Bahamas was sixth in the battle for
the Arthur Ziadie Trophy, which is pre-
sented to the team that accumulates
the most points in all five divisions com-
bined. The ladies had the best show-
ing with a fourth place. The super
seniors came in fifth, the seniors were
seventh and both the mid-amateurs and
the regulars were/eighth.


Bishop to tee off at Commemorative Golf Classic


* By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

waite, now with
his time devoted
to pastoring the
Holy Dove Bap-
tist Church, is delighted to look
back and see how the game of
golf helped to groom him in
his younger days.
On Saturday, June 21 at the
Cable Beach Golf Course,
Brathwaite will get another
chance to display his skills as
he competes in his second
annual Commemorative Golf
Classic that will be staged as
a part of his pastoral anniver-
sary.
"This tournament is really
in aid of my mother, Loneva
Brathwaite, who is deceased.
She died from diabetes and the
Lord has impressed upon my
heart to give back to the
Bahamas Diabetic Association
and to the development of
junior golf in the Bahamas,"
Brathwaite pointed out.
"It's a long time dream of
mine because I started out
playing around the golf course
at the age of three when my
father brought me out to the
Baillou Hills playing field,
which is now a softball field.
Now the Bahamas Golf Fed-
eration is building another golf
field on the opposite. But this
tournament presents an oppor-
tunity for golfers to golf for
God."


BISHOP lan Brathwaite's father, Godfrey, and young Godfrey in action
yesterday...


As a Bishop and pastor,
Brathwaite said he's seeking
first "the kingdom of God,"
but he noted that golf has been
a love of his and he still play


occasionally. No doubt, Brath-
waite intends to test his skills
against a field of local and
international players.
Brathwaite's father, God-


frey, said he's been very proud
of his son, who surprised him
last yearwheti he'hofiored his
wife and the gesture brought
"tears" to his eyes.
"I am happy t6 be' associated
with and to help the Diabetic
Association because of all that
they did for my wife," the
elder Brathwaite pointed out.
The former basketball, soc-
cer, tennis, cricket and field
hockey player said from the
day he got Bishop Brathwaite
introduced to the sport by Ken
Francis, he became an ardent
player.
"I believe that not only me,
but a lot of people would like
to see their son grow up to be
Bishop, so I'm proud of him
and I'm hoping that this golf
tournament will do what it is
designed to do," the elder
Brathwaite summed up.
In the first year, the tourna-
ment attracted about 15 teams.
But tournament director Rod-
well Knowles said that with
the way the tournament is
structured this year, they are
anticipating a much larger field
of competitors.
Knowles noted that it's a
two-man scramble starting
with a shotgun start at 8 a.m.
Prizes will be presented to
the first gross, first through
third net and there is a $10,000
cash prize for the first hole-in-
one on the ninth hole.
"We want to extend an invi-
tation to all of the young peo-
ple, especially those in the
inner-city, to come out and


watch the tournament and see
what it's all about," Knowles
stated '' '
The.entry fee is $125, which
Sincludes-lunch.
Chris Lewis, the pro golfer
at Cable Beach, said last year's
event was truly a success and
they are anticipating this year
to be even bigger and better.
"We are keen on lending
our support to a good cause
that Bishop Brathwaite is fos-
tering," Lewis emphasised.
"We will give him our full sup-
port and we look forward to
the event being another suc-
cess."
As for a course, Brathwaite
revealed that the golfers may
be challenged by the renova-
tions taking place on the
course. But he insisted that
they shouldn't be too con-
cerned because it will defi-
nitely be in great shape.
Bradley Cooper, president
of the Bahamas Diabetic Asso-
ciation, said they are once
again appreciative of the tour-
nament organizers for once
again considering them as part
recipients of the proceeds.
"We would like to encour-
age golfers around the country
who have somebody that is
tied into diabetes or know any-
body to come out and support
this event," Cooper stated.
"It's a great fun day and prob-
ably the cheapest tournament
that you will ever play in."
Interested golfers can call
464-3356, 328-6119 or 325-3482
for further details.


Exxon Mobil performance just 'the tip of the iceberg'


* By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net

CHRIS 'Bay' Brown said his perfor-
mance at the Exxon Mobil Bislett
Games was just the tip of the iceberg.
Brown, 29, highlighted the perfor-
mances of Bahamian athletes over the
weekend when he lowered the men's
national 400 metres record that he
shared with Avard Moncur with his
second place finish of 44.40 seconds.
American Jeremy Wariner stormed
back in the final 50 metres to avoid los-
ing his second straight race to clinch
the victory in a world leading time of
43.98. Brown is currently in third place
behind American LaShawn Merritt,'
who upset Wariner two weeks ago in
Berlin in 44.03.
"It was a pretty good race," said
Brown, who actually led from the start.
"I felt good. I just want to give the Lord
thanks for giving me the strength to
pull it off. I finally got the record, but I
really wasn't expecting it."
Brown, however, said he was pre-


pared to do whatever it took to hand
Wariner with another defeat.
"It was in the back of my mind. I
knew he was vulnerable, so I just want-
ed to take the race to him," Brown
reflected. "But he proved that he just
wanted it a little more than me. At least
I showed him that I'm still there and he
needs to be concerned about me."
Brown was referring to the fact that
he competed sparingly last year on the
European circuit and ended up going to
the IAAF World Championships in
Osaka, Japan where he finished fourth,
running out of lane eight.
"This year, I'm in a new training
camp and I'm learning how to run the
400 all over again," Brown pointed out.
"So hopefully, I will be ready when the
Olympics rolls around. I just have to
get used to running 43s consistently
because that is what it's going to take
for me to medal in Beijing."
Before he gets to Beijing, China in
August, Brown has a date at the
Bahamas Association of Athletic Asso-
ciations' Scotia Bank National Open
Championships and final Olympic trials


over the weekend of July 26-27 at the
Thomas A. Robinson Track and Field
Stadium.
And as the sole recipient on the
national record, Brown also puts him-
self in a position to have the field once
again come into the nationals, trying
to dethrone him as champion.
It's a position that Brown gladly wel-
comes.
"It's going to be a lot of fun because
we will have to go out there and give
the fans a run for their money," Brown
lamented. "I've set the stage. Now it's
up to everybody else to come and get
me.
"I have two weeks to fine tune my
race. I just hope that I can stay healthy
because I want to come home and run
well before the home crowd. Last year,
I did 44.88 to win and Olso was just my
third 400 for the year, so I know I'm
capable of running even faster."
A number of other top athletes
proved that they are going to be tough
to beat in their respective disciplines
after their performances over the week-
end as well.


Also in Olson, World Champi-
onships' silver medalist Derrick Atkins
clocked 9.98 to take the victory in the
men's 100, well ahead of American
Mike Rodgers, who ran 10.04.
Atkins, however, trails a field of com-
petitors that is led by newly crowned
world record holder Usain Bolt of
Jamaica with his blistering time of 9.72
as he leans towards a sprint double in
Beijing.
At the Prefontaine Classic in Eugene,'
Oregon, Leevan 'Superman' Sands
soared to a third place finish in the
men's triple jump and Donald Thomas
opened his season with a fourth place in
the men's high jump.
Sands, who had a best of 55-feet, 7-
inches, now sits in sixth place in the
IAAF ranking, which is headed by
Cuban Arnie David Girat with 57-5,
the same mark as Sands' national
record.
Thomas, on the other hand, cleared
7-4 1/2. But with that being just his first
meet, it has not enabled him to crack
the top 30 barrier. American Dusty
Jonas is out front with 7-9.


By RENALDO
DORSETT
Sports Reporter
rdorsett@tribunemedia.net

GOVERNORS HAR-
BOUR, ELEUTHERA -
Reminiscent of the softball
scene of yesteryear, the
2008 premiere of one of
the countries most storied
softball associations drew a
huge turnout of eager sup-
porters on opening night.
The Eleuthera Softball
Association began play last
weekend with a crowd of
hundreds on hand at Bay
Front Park to wit.nss the
birth of the 2008 season.
In support of newly elect-
ed president Paula Johnson,
Bahamas Softball Federa-
tion executives; President-
Romell Knowles, First Vice
President-Burket Dorsett,
Second Vice President-Ted
Miller, and Treasurer-Ali
Culmer, were on hand to
endorse the league.
The most anticipated
event of the evening was
.the matchup between the
defending ESA champions,
'the Austin Knowles Rebels
from Savannah Sound, for-
merly the DHL Delivery
Boys and last year's runners
up, the Palmetto Point
Destroyers.
With a history of closely
contested matchups
between both teams, last
weekend's contest did not
disappoint.
The 2008 Rebels sported
a new look after acquiring.
the services of several new-
comers who have all played
at the National Team lev-
el.
Despite the additions of
Ricardo and Renaldo
Rolle, Greg Gardiner, and
Brian Neely, Daniel Gon-
zalez proved to be the
deciding factor in the game
with his overwhelming per-
formance from the mound.
Gonzalez tossed a no hit-
ter and struck out 15
Destroyers hitters' en route
to the defending champions
Rebels' 3-0 win.
Gonzalez held a perfect
game heading into the top
of the seventh inning, when
Gardiner's error allowed
the Destroyers' Andrew
Bethel to reach base.
The Rebels scored two
runs in the second inning
and added another in the
fifth inning for the winning
margin.
Bethel gave up just three
hits in the loss.
In the women's feature,
the Builders' Square J.C
Jets defeated the Gover-
nors Harbour Big Timers,
11-6.
H. Green scored four
runs, while J. Johnson and
A. Demeritte scored two
runs each.
The Jets scored one in
the first inning, five in the
second, four in the third
and one run each in the
fourth and fifth inning.
The Eleuthera Softball
Association boasts six
men's and three ladies
teams.







[ 0


eI
El.'..e nws


__ _










PAGETS 1


Andre Rodgers baseball




championships was 'a


resounU


THE 6th annual Andre
Rodgers National Baseball
Championships, hosted by the
Bahamas Baseball Federa-
tion, was deemed a resound-
ing success by all accounts
with the six contested titles
netting four new champions.
Freedom Farm captured
three titles, Legacy Baseball
out of Grand Bahama took
two titles back to the nation's
second city, while the Junior
Baseball League of Nassau
won the 12 and under title.
In the Coach Pitch division,
Legacy Baseball wrestled the
crown away from the defend-
ing champions, Freedom
Farm, for a family island
squad title for the first time.
Freedom Farm had cap-
tured the title in both 2006
and 2007 and seemed poised
for a third consecutive win
before Legacy scored the go
ahead run in the bottom of
the sixth inning for the 7-6
win.
Myles Green was named
the MVP of the gold medal
game.
Legacy also took the 16-18
division as Desmond Russell
recorded an MVP winning
performance from the
mound.
Russell pitched six consecu-
tive scoreless innings after he
gave up two runs in the first.
Aneko Knowles' solo home
run in the fourth inning gave
Legacy a one run lead en
Route to the 3-2 win over the
JBLN.
Freedom Farm's three titles
came in the 9-10, 13-15, and
25 and under divisions.
In the 9-10 division, they
.won in convincing manner
over Grand Bahama, 11-1.
Myron Johnson was named


MVP of the gold medal game.
In the 13-15 division, Free-
dom Farm walked away with
a thrilling one run victory
over the Grand Bahama Lit-
tle League, 5-4.
They scored the winning
run in the bottom of the sev-
enth inning as D'Andre Rig-
by was named the MVP.
In the 25 and under divi-
sion, Neil Forsyth gave up
just two runs and MVP
Shawn Albury led Freedom
Farm offensively in the 14-2
gold medal game win over
Grand Bahama.
Albury went 3-4, including
a home run en route to his
MVP performance.
JBLN took the 12 and
under division championship
with a thrilling 4-3 over Free-
dom Farm, the defending
champions.
MVP Byron Murray blast-
ed a home run in the top of
the eighth inning to take the
lead.
Murray also controlled the
game from the mound, pitch-
ing a complete game.
The BBF also handed out
several annual awards.
Patrick Knowles Jr. was
named the Most Outstanding
High School Player, Sherman
Ferguson was named the
Most Outstanding Collegiate
Player, while Neil Forsyth
was named the Most Out-
standing Collegiate Pitcher.
Bernard Arahna was given
the BBF's Lifetime Achieve-
ment award.
A testament to the growth
and prestige of the tourna-
ment was the presence of
Mike Lord, scout for the
defending World Series
Champions, the Boston Red
Sox.


success'


,,
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.. ...
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FREEDOM FARM PLAYERS 25 & Under Division Gold Medal Game: MVP Shawn Albury


JBLN PLAYERS -12 & Under Gold Medal Game: MVP Byron Murray


LEGACY PLAYERS 16-18 High School Division Gold Medal Game: MVP Desmond Russell


O
Opening Ceremonies
Awards
Recipients:
2007 Most Outstanding
High School Player: -
Desmond Russell Legacy
Baseball League- Grand
Bahama
2007 Most Outstanding
Collegiate Player: Ramon
Grant Grand Bahama
Amateur Baseball Associa-
tion GB
2008 Most Outstanding
High School Player: Patrick
Knowles Jr. Legacy Base-
ball League- Grand Bahama
2008 Most Outstanding
Collegiate Player: Sherman
Ferguson JBLN Nassau
2008 Most Outstanding
Collegiate Pitcher: Neil
Forysthe Freedom Farm -
Nassau
BBF Life Achievement
Awardee BERNARD
ARAHNA Grand Bahama
Coach Pitch Gold Medal
Game: MVP Myles Green
Legacy 7 Freedom Farm
6
9-10 Division Gold
Medal Game: MVP Myron
Johnson
Freedom Farm 11 Grand
Bahama 1
12 & Under Gold Medal
Game: MVP Byron Murray
JBLN 4 Freedom Farm 3
13-15 Division Gold
Medal Game: MVP D'An-
dre Rigby
Freedom Farm 5 Grand
Bahama Little League 4
16-18 High School Divi-
sion Gold Medal Game:
MVP Desmond Russell.
'Legacy-GB 3 -JBLN 2
25 & Under Division -
Gold Medal Game: MVP
Shawn Albury
Freedom Farm 14 Grand
Bahama 2
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ThelNationalOInsuranceOBoardlisualsociallsecurity0organization0thatlisOmandatedntoOprovide
pension0benefitsoandIotherflshort-termlbenefits0toOalllworkers0ofitheOCommonwealthlofiThe
Bahamas.0ItlisDcommittedDtolproviding0superiorOservicelwhile0deliveiinglontheOpromiseloi
beingOaldependableosource offfinanciallsupport.OThelDirector0is0theOChieflExecutiveOOfficer
ofi theD organization andD leads inD theD executionD off its0 day-to-day0 functions.
COREORESPONSIBILITIES:
P0 Plan,Dorgazeandi mandm agedthelday-to-dayoactivitiesDof]thelorganizationeffectively
interactingDwith0andDmotivating0teamnmembers.
NO Advise0theOBoardDonDimportantlpolicylissues.
eO ProvideOleadershipDinDenhancing0thiesociaMlsecurityDcbverageObynrecommending0theO
appropriatellegislativeOchanges/amendments0toOtheOprogramniasnecessary.
60 ProvideOvisionuandlleadershipDinDlong-rangetfiscalplanningntoaensure0theOcontinuityOandu
solvency0ofDthe0NationallInsuranceOFund.
e PromoteOeffectivelcommunicationlonallDlevelsOoffltheorganization.
6 CreateOandnnurtureOaDbusinessaenvironmentnthatnfostersomanageriallaccountabilitylandn
operationallefficiency.
eO DevelopandfmaintainsOlinkagesowithDotherlregionalDandlinterationallorganizationsOthatf
foster0the0advancementloffltheOsociallsecuritylagenda.
6 Providelaggressivelmanagement strategiesgtoOensurehighi~evelsOo1fcompliancegbyOemp1oyers
and0self-employedlpersons.
MINIMUMIREQUIREMENTS:
eO StrongDbusinessoacumenDwithDtheoabilityto0creativelylsolvelproblems.
eO Have0superiorDcommunicationnandninterpersonallskillsOwithDthenabilitygtoOmentorDalteam.
6 EffectiveOproblem-solvingOandlmediationskills.
Z DemonstratedDabilityDto0shareOskillsOandDknowledge0withlothers.
e AbilityotoaworkDwellfwithDalllevelsioflmanagementObuildnpartnershipsDandgdirectfteams.
e Highly0developedlanalyticalland0financiallmanagementfskills.
e ExceptionallleadershipOandDmanageriallskills.
6 BachelorisODegreeOinOBusiness,[Accounting,OFinance,DoolrelatedDfieldsMAMBADDegreel
wouldObeOanladvantage.
BENEFITS:
Competitive0salary,0commensurate0withlexperience0andDqualifications;DGroupOMedicalland
LifeOInsurance.
APPLICATION:
Applicants0arelrequestedDto0submitDtheitdresumeDonlorglbeforelMonday,lJune016,20080to
TheOChairman
THEONATIONAIOINSURANCEDBOARD
P.O.OBoxDN-7508
NassauBahamas

------------r


PAGE 12, TUESDAY, JUNE 10, 2008


TRIBUNE SPORTS










RIB S T


Celtics beat Lakers to


take 2-0


* By TOM WITHERS
AP Sports Writer

BOSTON (AP) Kobe
Bryant couldn't take it any-
more, so he took it out on his
teammates.
With Game 2, and perhaps
Los Angeles' season slipping
away, the league's MVP
looked around the huddle and
used some harsh words to fire
up the Lakers.
They responded, dug deep
and made a remarkable come-
back that fell short. Now they
have to make a bigger one.
Trailing Boston by 24 points
with less than 8 minutes left,
the Lakers got within two
before losing 108-102 on Sun-
day night to the Boston Celtics,
who are heading out West feel-
ing a little lucky to have a 2-0
lead in the NBA finals:
Only three teams Boston
in 1969, Portland in 1977 and
Miami in 2006 have over-
come an 0-2 deficit to win the
title. With the next three
games on their home floor,
where they haven't lost since
March 28, Bryant thinks the
Lakers can become No. 4.
"We've come too far to real-
ly sweat being down 2-0," said
Bryant, who scored 13 of his
30 points in the fourth quar-
ter. "We're going to go home
and handle our.business."
That's what the Celtics did
barely.'
Paul Pierce darted around
the parquet floor with ease to
score 28 points and unknown
Leon Powe added 21 as the'
Celtics held serve at home in
these trip-down-memory-lane
finals. But coasting to a
blowout win, the Celtics near-
ly blew up.
"We're happy because we
won, but we definitely learned
a lesson," Pierce said.
The-Lakers.trailed 95-71-
with 7:55 remaining but used a.
31-9, run to pull to 104102 op,
two free throws by Bryant with
38.4 seconds left. Pierce,
though, made two free throws,
then blocked a 3-pointer by
Sasha Vujacic, and James
Posey made two free throws
with 12.6 seconds left to ice it
for Boston, which improved to
12-1 at home in the postsea-
son.
"We've got to play through
the game for 48 minutes, and I
didn't think we did that,"
Celtics coach Doc Rivers said.
"I thought we got cute when
we got the lead."
The Lakers, who dropped 41
points on the league's defen-
sive team in the final 12 min-
utes, simply ran out of time.
During a timeout in the
fourth quarter, Bryant, who
has struggled against the
Celtics all season, tore into the
Lakers with a few well-chosen
words that would have never
gotten past the network TV
censors.


lead in finals


4i.
'4.eL~


"A~
A


BOSTON CELTICS forward Leon Powe scores on the first of back-to-back dunks against the Los Ange-
les Lakers in the third quarter of Game 2 of the finals in Boston on Sunday.


So, what did he say?
"Get our beep in gear," he
said, sounding as if he was dic-
tating in Morse code. "Play
beep harder, a bunch of other
beeps. It's beep, beep, beep,
beep, beep. 'Eddie Murphy
Raw' times 10."
Beyond Bryant's tirade, the
Lakers were also peeved about
a huge disparity at the free-
throw line. Boston attempted
38 free throws to just 10 for
Los Angeles.
Known to whistle at his play-
ers, Lakers coach Phil Jackson


BOSTON CELTICS forward Kevin Gamett (5) drives through the defense of
! r rr'(m left) and Pau Gasol (rear), of Spain i i ;': :r-ond quarte


felt the tweeting sounds he
heard out of the officials were
too one-sided.
"I've never seen a game like
that in all these years I've
coached. in the finals," said
Jackson, who is going for his
10th title in 11 finals appear-
ances. "Unbelievable."
Pierce wasn't slowed by a
sprained right knee suffered in
the series opener, when he was
carried from the court and
plopped into a wheelchair. The
Boston captain paced the
Celtics, who are back in the

















iU
















aN
CL


CD
% i
se


f Los Angeles Lakers forwards
r...


finals for the first since 1987,
when Larry Bird was the main
man and gasoline cost 91 cents
per gallon.
As usual, Boston's Big Three
--Pierce, Ray Allen (17
points) and Kevin Garnett (17)
- were the ringleaders but
Powe, a second-year reserve
had the game of his career,
adding his 21 points in 15 min-
utes that may make him a
Celtics fan-favourite for life.
Powe, who played a total of
68 seconds during one stretch
of 13 games during'the season,


scored six points to close a 15-
2 run ending the third quarter
that gave the Celtics a 22-point
lead. The quick burst had the
Lakers California dreaming.
At one point in the fourth
quarter, Boston fans discard-
ed the familiar chants of "Beat
L.A." for cries of "Le-on
Powe!"
"He was terrific," Celtics
coach Doc Rivers said.
Rajon Rondo had a career-
high 16 assists and Garnett
added 14 rebounds for the
Celtics, back in the finals for
the first time since 1987.
Pau Gasol had 17 points and
10 rebounds for the Lakers,
who were so far down in the
fourth that many of their pur-
ple-and-gold clad fans who
came to cheer them on, headed
toward the exits and maybe to
Logan Airport for the trip out
West.
But Bryant brought them
back almost all the way.
His 3-pointer made it 102-
91 and then the self-pro-
claimed "Black Mamba" slith-
ered down the lane for two
quick baskets that got the Lak-
ers within 104-95. The Celtics,
meanwhile, began to stand
around on offense, thinking
the game was in hand.
It was anything but.
After Vujacic hit a 3-pointer,
Vladimir Radmanovic made a
steal and dunk to make it 104-
100 and Celtics fans, who had
been dancing moments earli-
er, began to panic. None of
Boston's players seemed to
want the ball as it moved
around like a hot potato before
Rondo missed a jumper with
44 seconds left.
Bryant's free throws brought
Los Angeles to 104-102 before
Pierce slashed down the lane
and got fouled by Derek Fish-
er. As a few of his teammates
locked arms on the bench like
a college team trying to
advance in March, Pierce
knocked down both foul shots.
Then, on defense, he got just
enough of Vujacic's shot from
the left wing with 14 seconds
left.
Posey was fouled on the play
and calmly made his two free
throws. The Lakers rushed the
ball down but missed on a cou-
ple jumpers, and when the final
horn sounded, a collective sigh
of relief rushed through the
exits as the Celtics and their
fans left the building confident,
if not shaken. "We're not set-
tling on a 2-0 lead," Garnett
said. "We want to go out there
and win two games in L.A."
Notes: This is the sixth time
in the Lakers-Celtics rivalry
that a team has taken a 2-0
lead. Celtics G Sam Cassell
sprained his right wrist in the
second quarter and didn't
return. The Lakers made seven
3-pointers in the fourth, tying a
finals record.
Jackson, a renowned world


BOSTON CELTICS' Paul Pierce (center) tries to scoop a shot between Gas
fourth quarter...


N By The Associated
Press

SCOREBOARD

Tuesday, June 10
Boston at L.A. Lakers (9
p.m. EDT). The Celtics
have a 2-0 lead in the NBA
finals thanks to two home
wins.

STAR

Sunday
Paul Pierce, Celtics,
had 28 points and eight
assists in a 108-102 win over
the Lakers in Game 2 of the
NBA finals.

JUST ENOUGH
Paul Pierce scored 28
points, Boston's defense
mobbed Kobe Bryant long
enough and unknown Leon
Powe scored 21 points as
the Celtics held off a
remarkable Los Angeles
rally for a 108-102 win over
the Lakers on Sunday night
for a 2-0 series lead. The
Lakers trailed by 24 with
less than 8 minutes to go,
but pulled to 104-102 on
two free throws by Bryant
with 38.4 seconds left. But
Pierce made two free
throws, then blocked a
jumper by Sasha Vujacic,
and James Posey made two
free throws with 12.6 sec-
onds left to ice it for
Boston. Game 3 is in Los
Angeles on Tuesday.

STRONG IN DEFEAT
Kobe Bryant scored 30
points for the Lakers in a
108-102 loss to the Celtics in
Game 2 of the NBA finals
on Sunday night. The
Celtics lead the series 2-0
with Game 3 on Tuesday in
Los Angeles.

SPEAKING
"I think we got kind of
complacent with the lead.
We weren't staying aggres-
sive. We let them pick up
their pressure. We stopped
guarding. We got to take a
lesson from this fourth
quarter, to keep playing
regardless of the score and
finish the game." Paul
Pierce, after the Celtics held
off a remarkable Ips Ange-
les rally for a 108-102 win
over the Lakers on Sunday
night in Game 2 of the
NBA finals.


traveler who often reviews
trips to his destinations, was
asked for an overview of his
extended stay in Boston, where
the weather this week ranged
from chilly, October-like con-
ditions to sweltering heat.
"It's very green," Jackson
deadpanned, drawing laughter
at the reference to the Celtics'
primary colors. "Boston Com-
mons, the Public Gardens.
Very green."






















i'


4., ..:.











ol (left) and Vujacic in the


TUESDAY, JUNE 10, 2008, PAGE 13


TRIBUNE SPORTS








7'AGE 14, TUESDAY, JUNE 10, 2008


THE TRIBUNE


COI PG


Tribune Comics


CALVIN & HOBBES


JUDGE PARKER


YW Don't? HOABOJT
PISTIWC XPYl\NS?


'RE KODDNNG. WEUL,W T
ABWOT LA0D MINS? DO
YOj SELL To0SE?,? 10
DON'T ?


DENNIS THE MENACE


APT 3-G


BLONDE


TWINTY POCLLARl? SHE SAIP SHE WOULDN'T
BABYSIT ME AGAIN FOR A MILLION BUCKS!"


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
Sunday


Difficulty Level ****


6/07


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 horizontal block equals the number to its left, and the sum
of each vertical block equals the number on its top. No number
may be used in the same block more than once. The difficulty
level of the Conceptis Kakuro increases from Monday to Sunday.


Yesterday's
Kakuro Answer


658 879
18179 9768
698 4735
917 981
81, 895 93
931 819
5421 362
3421 1689
1 213 3 8 9


-TlEMF STOP

LIN6 FROMN L
SHAKe6PEARlA


HAGAR THE HORRIBLE


Chess


FF Sheldon v Anatolii, 8622
wvww.instantchess conm 2OU7 J J .-
pIeresr (lu awsppd ) harrm-ar lyp J& '* z
invu~ se a knTih to chia.e fse-~ ~ l d a
blar.k king oul into h open -- .
board. but the s-.-rifce Louks a __
monarch app-e rl-uy t b6.
white White's queen has_ ,
become e a taijett fo Black's i -t ;- ---
pieces. But despite having only 1 I'
a few seconds for a decision.
the White player produced a
sneaky trap into which Black felt
headlong. With these clues, can
you work out what happened? LEONARD BARDEN


Across
1 It couldn't be
better (10)
6 Russian girl in gaol break
(4)
10 With spirit, a sailor comes
back to dance (5)
11 They work with a will (9)
12 A pure one originates in
France perhaps (8)
13 Niggard who would be sad
if able (5)
15 Fires badly singe it (7)
17 Hide at one time found in
California (7)
19 He wont leave
the premises until hes put
out (7)
'21 Wine forced on some
Irishmen (7)
22 Not what landladies should
do to boarders (5)
24 Firm produces our steel in
a new way (8)
27 After work, quiet or music
is timely (9)
28 Anxious for future perhaps
(5)
29 Herb that makes many
sick (4)
30 Its present in a constantly
recurring form (10)

Yesterday's Cryptic Soluti
Across: 1 Parties, 5 Lotto, 8 Ladit
man, 9 Key, 10 Sups, 12 Convents
14 Parson, 15 Neatly, 17 Post paik
18 Term, 21 Ado, 22 Spokesman,
24 Speed, 25 Outlook.
Down: 1 Pelts, 2 Rid, 3 Item,
4 Symbol, 6 Taking the long view,
7 Odyssey, 11 Periscope,
13 Composed, 14 Poplars,
16 Kimono, 19 Minsk, 20 Peat,
23 Moo.


Down
1 For knitters the alternative
is plain (4)
2 Drink is given to a mes-
senger trying to avoid duty
(3-6)
3 Time to muse (5)
4 The varied uses of a clas-
sical hero (7)
5 Cocaine distilled from the
sea (7)
7 The pride of British rugby
(5)
8 Digger is a Viennese per-
haps almost all in (10)
9 Asked to appear at court?
(8)
14 Seek earthly riches?
S(3,3,4)
16 They fall about, though
able to hold drink (8)
18 About sixteen at church -
miserable living (9)
20 Foster may run true to
form (7)
21 Gets the better of teachers
(7)
23 Centre of enlightenment
for a student? (5)
25 Blooming item at the sale
goes to us (5)
26 Not true talent? (4)


Yesterday's Easy Solution
Across: 1 Measles, 5 Scoff,
8 Dry as dust, 9 Tun, 10 Leek,
12 Dreadful, 14 In fact, 15 Legacy,
17 Security, 18 Idea, 21 Awe,
22 Hue and cry, 24 Later,
25 Dubious.
Down: 1 Model, 2 Any, 3 Lost,
4 Squirm, 5 Situated, 6 Out of hand,
7 Finally, 11 Efficient, 13 Scorcher,
14 Install, 16 Attend, 19 Abyss,
20 Snub, 23 Coo.


Across
1 Make an
impression (4,6)
6 Explosion (4)
10 Meaning (5)
11 Infallible (9)
12 Acute
grief (8)
13 Deduce (5)
15 Strictly
pragmatic
person (7)
17 Disastrous (7)
19 Papal
government (7)
21 Screw up (7)
22 Weary (5)
24 Rabble (8)
27 Exciting experience
(9)
28 Vilification (5)
29 Void (4)
30 Freedom from bias
(10)


E


y
Y

,,,,,,,,,.


T



M


---**-*wI


E


E


Down
1 Actors in a play (4)
2 Depending on alms
(9)
3 Proficient (5)
4 To mirror (7)
5 A surety (7)
7 Standoffish (5)
8 Be sold at bargain
price (2,3,1,4)
9 Rebellion (8)
14 Source of easy
money (5,5)
16 Occurrence (8)
18 Discordant
(3,2,4)
20 Upbringing (7)
21 A lustrous smooth
fabric (7)
23 Take intense
delight (5)
25 Extend (5)
26 For fear
that (4)


The
Target
uses
words in
the main
body of
Chamber
21st
Century
Dictionary
11999
edition.


Target

HOW many words of four
letters or more can you make
from the letters shown here?
In making a word, each letter
may be used once only. Each
must contain the centre letter
and there must be at least one
nine-letter word. No plurals.
TODAY'S TARGET
Good 10; very good 15;
excellent 20 (or more).
Solution tomorrow.
YESTERDAY'S SOLUTION
cling clingy cloying coin
colon colony cony cooing
cooling goon icon
ICONOLOGY ling lingo lino
lion loin long loon loony
lying oncology only oolong


South dealer.
Both sides vulnerable.
NORTH
*A53
VA932
Q 753
+AJ
WEST EAST
+K2 J 109864
T10 : YJ6
S10842 *J6
+KQ10 9 7.5 863
SOUTH
*Q7
YKQ8754
*AK9
442
The bidding:
South West North East
1 2 3 Pass
4 Pass 4 NT Pass
5* Pass 5 NT Pass
6 V
Opening lead king of clubs.
Some players may believe that
most of the "fancier" plays in bridge
- squeezes, coups and endplays -
never happen in real life, and that
they're concocted merely to keep the
likes of yours truly in at least a mod-
est state of employment. But such
deals really do occur, as witness this
example from a pair event at the
1997 North American Champi-
onships.
The deal is typical of the type of
endplay hand that is seen in newspa-
per columns every day. And as if to
prove that the players in the contest


had been doing their homework, bid-
ding and making the slam via an end-
play yielded only a slightly above-
average result in the matchpoint
scoring, indicating that nearly all the
declarers found the winning line of
play.
The auction shown was a com-
mon one. After West's overcall,
North cuebid clubs to show a good
hand with heart support, and South
leapt to four hearts to indicate better.
than a minimum opening. When
South, in response to Blackwood,
turned up with one ace but only two.
kings, North settled for a small slam.
Declarer won West's club king
with the ace, drew trumps in two
rounds and tested diamonds. Had the
suit divided 3-3, South would have
discarded his club loser on dummy's
fourth diamond to make the slam.
Indeed, declarer would then have run
all his trumps in an attempt to make
seven on a squeeze if West had the
king of spades as well as the club
queen.
But when East failed to follow to
the third diamond, declarer fell back
on the alternate plan of endplaying
West. Dummy's fourth diamond was
ruffed to deprive West of a safe exit
card, and a club was led, forcing
West to win with the queen. West
then had no choice but to lead a
spade from the king or yield a ruff-
and-discard by returning a club, and
the slam was home -just like in the
newspaper.


C2008 King Features Syndicate Inc.


5 1 9

4 7

2 4 1

3 1

276

2 8

6 5 2

1 _3 i

8 9 5


'P:ARVIN


SIGER


Kakuro Puzzle


Yesterday's
Sudoku Answer


CRYPTIC PUZZLE


a~rS












aiii


1 2 3 4 6 7 8


10 11


12 13
14
16 17


19 20 21




27 28


T
R
I
B
U
1


N
E


T
1
W
0


I
N


O0
N
SE


C
R
0

S

S
W
0


Contract Bridge

by Steve Becker


Just Another Day at the Office


B IJp


MELLO, I'M WONDERING IF
by SElL KEGS OF
DYNMA\TE.
\







I UtuAY, JUIt- IU, ZUUts, HS,-Ai 10


SI IL-. I I IL.I'WJ I L.


Cuba's urban farming


n 14sfli*IiI~ LI


* By NIKO PRICE
HAVANA
For Miladis Bouza, the global
food crisis arrived two decades
ago. Now, her efforts to climb out
of it could serve as a model for
people around the world strug-
gling to feed their families, writes
The Associated Press.
Bouza was a research biologist,
living a solidly middle-class exis-
tence, when the collapse of the
Soviet Union and the halt of its
subsidized food shipments to
Cuba effectively cut her gov-
ernment salary to $3 a month.,
Suddenly, a trip to the grocery\


4_ A FARMER works at a hydroponic farm which uses specialized irrigation methods to grow vegetables in small-
a. er, non-rural areas, in Havana, Thursday, May 15, 2008. The future of urban farming in Cuba is looking
brighter than ever. Now that Raul Castro is president, many expect him to expand the program he bagan as an
S experiment in the early 1990s.
ransfo the way country feeds One of thefirst plots he opened few of the 20,000 square feet are
cc .transform the way a country feeds One of thefirst plots he opened few of the 20,000 square feet are
g itself. was the "organoponico" on Fifth wasted.
"As the global food crisis, Avenue and 44th Street in the One technician tends compost
receives attention, this is some- ritzy Havana neighborhood of that serves as natural fertilizer,
A WORKER selects lettuce at a ydroponic fa-m which uses specialized irri- thing that we need to be looking Miramar. The.half-block farm while another handles natural
gation methods to grow vegetables in smaller, non-rural areas, in Havana. at," Murphy said. "Havana is an owned by a government agency protection from pests, surround-
lknmetodl togollJ OvflAAOOIAi UmJItrl l1- i nrrmnded hb artment inn deli fate s nah qhnnts with


store was out or reacn.
So she quit her job, and under from eating an average of 3,004
a program championed by then- \ calories a day to only 2,323,
Defense Minister Raul Castro, \according to the U.N. Foodland
asked the government for the Agriculture Organization, as
right to farm an overgrown, half- shelves emptied of the Sodviet
acre lot near her Havana home. goods that made up two-thirds of
Now, her husband tends rows of Cuba's food. Today, they eat
tomatoes, sweet potatoes and 3,547 calories a day more than
spinach, while Bouza, 48, sells the what the U.S. government rec-
produce at a stall on a busy street. ommends for American citizens.
Neighbors are happy with 'It's a really interesting model
cheap vegetables fresh from the looking at what's possiblelin a
field. Bouza never lacks for fresh nation that's 80 percent urban,"
produce, and she pulls in between said Catherine Murphy, a Cali-
$100 to $250 a month many fornia sociologist who spent a
times the average government decade studying farms in Hatvana.
salary of $19. "It shows that cities can produce
"All that money is mine," she huge amounts of their ownifood,
said. "The only thing I have to and you get all kinds of social and
buy is protein" meat. ecological benefits."
Cuba's urbanfarming program Of course, urban farms might
has been a stunning, and surpris- not-be such a success in a healthy,
ing, success. The farms, many of competitive economy.
them on tiny plots like Bouza's, As it is, productivity is low at
now supply much of Cuba's veg- Cuba's large, state-run farms
tables. They also provide 350,000 where workers lack incentives.
jobs nationwide with relatively Government-supplied rations -
high pay and have transformed mostly imported from the U.S.
eating habits in a nation accus- provide such staples as rice,
tomed to a less-than-ideal diet of beans and cooking oil, but not
rice and beans and canned goods fresh produce. Importers bring in
from Eastern Europe. only what central planners want,
From 1989-93, Cubans went so the market doesn't correct for
rrT


gaps And since most land is
owned by the state, developers
are pot competing for the vacant
lots Ihat can become plots for
vegetables.
Stdil, experts say the basic idea
behind urban farming has a lot
of promise.
"Its land that otherwise would
be siting idle. It requires little or
no transportation to get (pro-
duce) to market," said Bill Messi-
na, ai agricultural economist at
the university of Florida in
Gaingsville. "It's good anyway
you look at it."
And with fuel prices and food
shortages causing unrest and
hunger across the world, many
say tle Cuban model should
spread.
"There are certain issues where
we thi ik Cuba has a lot to teach
the wSrld. Urban agriculture is
one oflthem," said Beat Schmid,
coordinator of Cuba programs for
the charity Oxfam International.
Other countries have experi-
menteil with urban farming -
Cuba's initial steps were modeled
after a green belt surrounding
Shanghai. But nowhere has urban
farm been used so widely to


unJiey, reauy successuO3Jl mIJU I
where no one would expect one
to come from."
Now that Raul Castro is presi-
dent, many expect him to expand
the program he began as an
experiment in the early 1990s.


-- is surrounU Ue "-Jt. LJL.wl
buildings and houses, but also
offices of foreign companies, a,
Spanish bank and the.South
African Embassy.
Long troughs brim with arugu-
la, spinach, radishes and basil, and


strong-smelling celery to ward off
insects. Such measures have eco-
logical benefits but were born of
necessity: Neither commercial fer-
tilizer nor herbicide is reliably
available.


+


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PAGE 1, TUEDAY, UNE 1, 200CTHE NEWSN


,pE-E


Sears,


ise, gratitude



Resident embrace proposals for


Cat Island Gblf and Beach Resod


SOME shed tears, others
applauded, while others
expressed gratitude and appreci-
ation that development they
describe as "long overdue" is
finally about to come to their
island.
Residents at a town meeting
held by Government and thi Cat
Island Partners group on the pro-
posed Cat Island Golf and Bbach
Resort for that island assured offi-
cials that they are rea y to
embrace the opportu ities
expected to emanate fro the
project its principals say wl cre-
ate 937 full-time job oppdrtuni-
ties.
Government Ministers, ed by
Prime Minister Hubert Ingraham,
as well as officials from, the
Department of Physical Pla~ing,
the Department of Public Works,
the Bahamas Electricity Corpo-
ration (BEC), the Baharnas
Telecommunications Company
(BTC) and the Water and Sew-
erage Corporation attended the
meeting.
Emphasising that government
does a phenomenal job in carry-
ing out background checks and
scope assessments on project pro-
posals for the country, Works and
Transport Minister Earl Deveaux
explained that the primary pur-
pose for the town meeting was to
give the Cat Island Partners
group the opportunity to make a
presentation on their proposed
development.
The government receives any
number of proposals for devel-
opment throughout' The
Bahamas," Minister Deveaux
explained. "As a matter of fun-
damental policy, we think it is
important when \e get to the
point of approving a proposal that'
we think can bring valued to our
country and our communities, to
allow the people to ha3e an input
in the decision as to how they feel
about the proposed develop-
ment."
It was an opportunity residents
took full advantage of.
Mrs. Seymo -Rtissell bf Old
Bight said. "'ve been back in Cat
Island as a young entrepreneur
for 21 years. I came back to build
,my island. I was here all these
years struggling, I have children
and I have to send them off to
Nassau. It's time for Cat Islanders
to come back home.
"I need for this development
to come in so my children can be
prosperous." ,
SMeoshi Curtis, a teacher on Cat
Island, also expressed concern
about the lack of opportunities
for the youth of the island, a situ-
ation she said she expects to be
alleviated as a result of the pro-
posed development
In what marked one pf the
more emotional periods of the
town meeting, young Angelique
Brown, who moved back to Cat
Island at the age of 18, shed tears
as she expressed hope for new
opportunities.
"I have two beautiful daugh-
ters and it pains me to know there
is nothing :to keep them here
when they reach that age and I
feel we really need this," she said.
"I am sorry for mty edroional
breakdown, but I left Nassau
because of the living that is there
and I have struggled and strug-


ANGELIQUE BROWN expresses tearful hopes for new opportunities
expected to emanate from the proposal.


PRIME MINISTER Hubert Ingraham
arrival on Cat Island to attend a tow
Island Golf and Beach Resort


MINISTER of Works and Transport
Earl beyeaux addresses residents.
gled. I have somewhat made it,
but I feel that there are Others
like me who need to make
it. threee arc lot of people on Cat
Island that are hurting."
Responding to a concern
expressed about a lack of trained
talent on Cat Island to meet the
proposed project's employment
needs. Be'erlv Thacker. Educa-
tion District Superintendent for
Cat Island. Rum Cay and San Sal-
vador said youngg persons are des-
perate to find something to do,
and advised that the Ministryof,
Education is working to prepare
students to meet such needs.
-Just about two months ago at
the high school in Old Bight there
,was a career fair which the Min-
istry of Tourism joined in and
they had a three-day event here,"
she noted':
- Students are being trained
right now in the schools in Fami-
ly Life and Consumer Science
,where they are training students
in the various aspects of tourism."
A question meantime was
raised during the town meeting
on whether ihc government plans
to give consideration to estab-
lishingja branch of the Bahamas
Technical ahd Vocational Insti-
tute (B'TV)?n Cat Island to pro-


n is greeted by residents upon his i
n meeting on the proposed Cat '

Side continuous training of reli-
dents there. Residents also posed
questions and expressed concerns
about infrastructural needs on the
island such as garbage disposal.
potable water and a mini-hospital
facility, and how these needs will
be addressed in tandem with tle
start of the proposed develop-
men't.
Prime Minister Ingraham. di-
ing his remarks to residents
pledged the government's com-
mitment to doing all it can to
cause the development to hap-
pen and happen in the shortest
possible time.
Member of Parliament for Cat,
Island, Rum Cay and San-Sal-
vador Philip "Brave" Davis, who
also expressed confidence in the
project's developers reminded
them that Cat Island, having a
history .of commerce and agricul-
ture is "on the rebound", and
urged residents to trust teirlead-
ers in go\ ernment regarding the-
development plans for the island'
"No government administra-
tion has in -their mind or intent
to do what is not best for the peo-
ple of The Bahamas," he said.
"There may be differences on
how we may achieve that, but you
must trust your leaders.
"You will find often that
whereas words pass between the
political divide," Mr. Davis con-
tinued, "at the end of the d
when you see them. voting on a
piece of legislation they usually
are unanimous because govern-
ment; both Opposition and the
Executive understand that when
government is pursuing its policy
you ought to support that poli-...
cy." :


I


PRIME
MINISTER
Hubert
Ingraham
chats with
-Cat Island
Partners
principal
David
Southworth
(right) prior
to the town
meeting.


MEMBER OF
PARLIAMENT
for Cat Island,
Rum Cay and
San Salvador
Phillip Brave
Davis
addresses
residents


1


PAGE 16, TUESDAY, JUNE 10, 2008


IL PJIOTOS: Sharon l'urii(--r.//BIS I


THE TRIBUNE













T R I' BU N E





usmTeSs 1
TUESDAY 10, 200 8


Almost $2m in Grand Bahama





mortgage loans are in arrears


* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Nearly $2 million in
mortgage loans is currently in arrears at
the Bahamas Mortgage Corporation
here on Grand Bahama, it was revealed
Monday.
Jerome Godfrey, managing director
of the Bahamas Mortgage. Corpora-
tion, reported'that 228 mortgage Idans
valued at $1,824, 387.90 are overdue
by Bahamian borrowers who havq
defaulted on their mortgages.
Mr Godfrey is urging delinquent bor-
rowers to come to the office in Freeport
to discuss and arrange a programme


that will update their mortgage arrears
in a timely manner.
He warned that failure to update
accounts will result in foreclosure of
the property and ultimate eviction of
the occupants from the premises.
"Tougher measures are ahead by the
Corporation," he said. "Over the next
few months, we will continue to issue
letters to delinquent borrowers giving
them deadlines to come in to the Cor-'
poration to update their accounts."
The corporation has a total of 639
loans under repayment on Grand
Bahama, where delinquent accounts
represent a 35.68 per cent ratio of loans
in arrears.
Mr Godfrey said that the corpora-


tion is cognizant of the fact that Grand
Bahama hasbeen experiencing set-
backs for several years since the three
hurricanes devastated the island, result-
.ing in closure of businesses and job
losses.
SHe'said the corporation will continue
to exercise leniency with those persons.
However, he stressed that there are
many individuals who are financially
capable of meeting their monthly mort-
,gage payment obligation, but are not
' doing so in a timely manner.
"The corporation has embarked on
an advertisement campaign with the
expressed purpose of reaching out to
delinquent borrowers," said Mr God-
Sfrey.


Sandra Storr, deputy managing direc-
tor, said the corporation is willing to
assist delinquent borrowers who want
to update their accounts.
She stated that they can work out
payment agreements; restructure mort-
gage payments, and in some cases,
extend a moratorium for a period of
time.
"We don't want to repossess any-
one's home. We can help persons going
through a tough period, such as per-
sons who may be ill, by giving a mora-
torium at three month intervals."
Mrs Storr said they can restructure a
mortgage for persons who are able to
make a small lump sum payment, or
through salary reduction.


"We have been able to get certain
private companies to do salary reduc-
tion, andwe are appealing to private
employers to consider working with us
to give salary reduction so we can
restructure the payment to help per-
sons regularise their accounts," she.said.
Mr Godfrey said that the corpora-
tion has approved over 6,500 loans to
Bahamians in excess of $346.9 million.
He stated tlat ratio of loans in arrears
is too high and presently stands at 27.43
per cent of the total portfolio.
He said it is difficult for the corpora-
tion to make loans to new borrowers
when so many loans are outstanding
and sums are not available to build new
-homes.


Minister: Crawfish


exports in 2007.


totalled $86.6m


N By CARA BRENNEN-
BETHEL,
Business Reporter
THE export of crawfish tails
in 2007 totalled 4.9 million
pounds with a value of $86.6
million, Larry Cartwright, Min-
ister of Agriculture and Marine
Resources, told theo'House of.
Assembly'yesterday. I,
Making his contribution to.
the 2008/2009 budget debate,
Mr Cartwright said -the indus-
try, which is vital for foreign
exchange and the employment


of thousands of Bahamians,
must be carefully managed as it
is currently being exploited.
"The regulatory measures in
place governing harvest size and
closure of the season must be
enforced," he said, adding that
the ministry will continue to
educate Bahamian fishermen,
consumers and business opera-
tors on the dangers of illegally
harvesting crawfish.
Mr Cartwright noted that sev-
eral other marine resources are
also adding to exportation prof-
its for the' country 73,790
pounds of sponges in 2007,
which had an export value of
$750,000, 130,000 pounds of
stone crab claws provided an
income of $1.6 million last year
- a significant increase over 2006
- and conch in 2007, 267,200
pounds, were exported for a val-
ue of $1.5 million.
Noting the potential for an
expanded export market, Mr
Cartwright said that focus will
also be brought'to bear on theI
encouragement of the maricul-,
ture and aquaculture sectors.
"'Besides producing'for export,
markets, it is envisioned that
viable mariculture and aquacul-
ture sectors would reduce our
reliance on the normally wild
fisheries, thus providing these
various species the opportunity
to regenerate naturally."
He noted that the develop-
ment of these sectors will be
enhanced by the introduction of
comprehensive enabling legis-
lation to encourage and regu-
late the sector's activities, some-
thing that the government will
be asking the Food and Agri--
culture Organisation (FAO) to
assist them with.


Bahamas at crossroads in every aspect of


its development, says Chamber president


* By CARA.BRENNEN-
BETHEL
Business Reporter .
THE Bahamas is at a cross-
roads in every aspect of its
development, Bahamas Cham-
ber of Commerce president
Dionisio D'Aguilar said yes-
terday, explaining why that was,
chosen as the theme for this
year's chamber week.
"Crossroads relates to the
economic times. we are appar-
ently going into and the deci-
sions that we have to make as a
government, a people and a
country about these various
trade agreement such as the
World Trade Organisation and
the EPA," he said at a press
conference to announce the
week of events.
Mr D'Aguilar said the coun-
try is also at a crossroads in a
number of other vital areas as
well. '
"What are we going to do
about our appalhng education-
al system, we are at a cross-
roads in determining the use


of technology in the way we
run our businesses, the way we
run our banking sector and the
way we run our country, we are
at a crossroads in determining
bow serious we are about fight-
ing the scourge of crime and
making our judicial system
work better.
"We are at a crossroads in
determining how to improve
the diversity of our tourism


product and our deteriorating
level of customer service; and
we are at a crossroads on'how
to reform our system of taxa-
tion to comply with the rest of
the word. So it's a pretty broad
theme, but it's very relevant
for the times that we are in."
While he gave the budget
communication and the bud-
get allocations an A-minus, Mr
D'Aguilar said that unfortu-
nately it did not contain any
innoxatlve measures to com-
bat the scourge of crime one
of the major and pressing vex-
ing, business issues to date.
fHowever, he did cominend
the government on its efforts:
to improve the quality of the
educational system.
"I was. generally quite
pleased with the prime minis-
ter's budget communication,"
he said.
On the agenda for Chamber
week is the second instalment
of the "Meet the Ministers
Forum." Mr D'Aguilar said
that 12 rmnisters and ministers
of state have confirmed atten-


dance to the forum which will'
allow Bahamian business per-
sons a chance to ask the minis-
ters questions that are of vital
interest to the business com-
munity.
He noted that, as last year's
forum fell just after the May 2
general election, it really served
as an introductory process to
the new cabinet. -
Now that a year has passed,
Mr D'Aguilar said the chani- "'
ber is looking forward to the
ministers providing concrete
actions and measures to
address the business commu-
nity's concerns. These include
crime, tourism and the time in
which immigration applications
are processed.
He said that he was also
looking forward to hearing how
the extensive capital expendi--
ture projects outlined in Mr
Ingraham's speech are to affect
Bahamian businesses:
MrD'Aguilar.also expressed
pleasure that the port will be

SEE page 8B


ROYAL FIDELITY
Money at Work


NASSAU OFFICE
(242) 356-9801

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Altering policy course to


THE months of May and June
are significant for many, as they
represent the period when most
institutions of learning hold
graduation ceremonies. In the
case of tertiary educational insti-
tutions, the actual event is often


referred to as commencement,
convocation or invocation, while
for high schools it is simply
referred to as a graduation cer-
emony in most cases.
Last weekend I had the
opportunity to talk with a few


school administrators and school
board members in an informal
setting. During one conversa-
. tion, it was noted how few males
were among the graduating
classes. At the College of The
Bahamas, other tertiary institu-


tions and high schools around
the country, males are conspic-
uous by their absence. The low
male graduation rates must be
a concern for the entire coun-
try.
Universal Problem
Male eligibility for graduation
has been trending downwards
for years now, and this trend is
probably universal. A study pub-
lished by the Manhattan Insti-


tute (a public policy think-tank)
in 2006, entitled Leaving Boys
Behind: Public High School
Rates, concluded:
"The graduation rate esti-
mates for the class of 2003
reported in this paper confirm
that far fewer students graduate
from high school than is often
realized. It is important for pol-
icymakers and the public to
understand that only about 70
per cent of all students, and a


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little more than half of Hispanic
and African-American students,
graduate from high school.
While it is not the place of this
report to provide guidance on
how to improve high school
graduation rates, these results
do suggest that there is a gradu-
ation problem that needs to be
addressed.
"Another interesting finding
in this report is the difference in
high school graduation rates
between males and females.
Females graduate at higher rates
for each racial sub-group
analysed in this report, but the
gender gap in high school grad-
uation is particularly large for
Hispanic and African-American
students. The reasons for this
gap should be addressed in
future research."
Schott Report
The Schott Foundation for
Public Education commissioned
a series of reports on the status
of African-American male stu-
dents in the US public educa-
tion system, and convened a
series of think-tank and work-
ing conferences, attended large-
ly by African-American educa-
tion leaders men and women,
including the voices of youth to
more clearly define the prob-
lems and possible solutions so
as to create A Positive Future
for Black Boys. (E-mail me if
you would like a copy).
SEE next page


JOB

OPPORTUNITY

The Winterbotham Trust Company Limited is looking to fill the position of Corporate
Administrator:

In this challenging position you will be responsible for but not limited to the following
tasks:

* Incorporation of International Business Companies and Ordinary Companies
* Administration of International Business Companies and Ordinary Companies
* Liaising with the Registrar General's Department, Ministry of Foreign Affairs,
Registrar of Insurance Companies, The Central Bank of The Bahamas, The
Inspector of Financial and Corporate Service Providers and various consulates
* Ensuring the accuracy of banking and administrative statements of account before
dispatch to clients
* Conducting comprehensive Annual file reviews
* Know Your Customer (Due Diligence) documentation collection
* Opening of bank and administrative accounts

The successful applicant must have the following qualifications:
* Knowledge of the processes associated with the incorporation and ongoing
administration of International Business Companies and Ordinary Companies
* Basic knowledge ofthe Legislation governing International
Business Companies, Ordinary Companies and Financial and Corporate Service
Providers.
* Knowledge of the process associated with legalization of documents
S Knowledge of.requirements for completing the Know Your Customer (Due
Diligence) process
* Computer literate (MS Office products)
S Strong organization and communication skills
S Ability to.analyze client financial needs to provide solutions with products and/or
services offered by the company
* Fluency in Spanish or Portuguese an asset but not required '

Applications/resume should be sent by e-mail to nassau@winterbotham.com or faxed
to (242) 356-9432
Under reference "Corporate Administrator"
ABSOLUTELY NO TELEPHONE INQUIRIES WILL BE ACCEPTED
Persons not meeting the above requirement need not applyX
Deadline for applications Friday, June 20, 2008


New classes are forming now. Call for registration and program details. 324-7770 I


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I I


- Is in I i 7,j2 31


--....j


PAGE 2B, TUESDAY, JUNE 10, 2008


THE TRIBUNE


~ -r :` 'e i
: : I i :: ( I







THE TRIBUNE


I uL ,J W 0 I, I I 1U -i % I .Ow I, ...


develop a few good men


FROM page 2B
Participants identified three
key strategies that need to be
acted upon to secure the soci-
etal and institutional changes
necessary to improve educa-
tional and life outcomes for
Black boys:
1. To focus on public policy
to ensure that federal and state
education policy decisions serve
the interests and needs of Black
boys and other vulnerable stu-
dents.
2. To engage new, and broad-
en existing, community efforts
to work for positive change on
behalf of Black boys.
3. To build a national, broad-
based movement to create pub-
lic will for change.
Conclusion
At the national level, we need
to focus on this growing prob-
lem of academic underperfor-
mance by males. Is there some
relationship between this acad-
emic underperformance and the
high levels of violence and homi-
cides among our young men?
The implications of this pat-
tern of male under-achievement
in education are enormous.
What does it say about the
future or our society when half
of its constituency seems to need
help? What impact will this have
on our already fragile family
structures? What impact will this
have on the future productivity
levels of our workforce?
I argue that we need to give
serious consideration to formu-
lating policies in government
and other institutions that are
designed to actively rescue the


young men in our society, with a
long-term objective of improving
their participation in education
through skills-based training ini-
tiatives and the workplace
(where males are becoming a
rare commodity in some fields).
However, in the short-term, a
focus on anger management, civ-
il responsibility, family life and
responsible parenting is a press-
ing need.
It is simply unacceptable to
have 50 per cent of our future
workforce under-trained, under-
utilised and participating at
record low levels, especially at a
time when our economy is strug-
gling to be competitive in a glob-
al society.
Further, men must be full con-
tributors to building and sup-
porting positive family structures
if we hope to reverse the social
morass the nation currently
faces.
Until next week...
P.S.
Beach Patrol
On Friday past, the Labour
Day holiday, I had the opportu-
nity to drive 'the strip'(West Bay
Street between Delaporte Point


SMake your weekends work for you! Earn
a degree .in Business, Accounting,
Computers, Human Resource Manage-
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a


and Arawak Cay). There were
hundreds of Bahamians out
enjoying the beautiful beaches,
for which the Bahamas is
renowned.
The difference this time was
that beach access points have
been clearly marked by the rel-
evant government authorities.
Goodman's Bay and Saunders
Beach were far less crowded, as
the newly identified access
points were heavily used also.
However, there are still sev-
eral access points along 'the
strip' that remain closed and
conspicuously unidentified.thus
far, still removed from the
Bahamian people, the true own-
ers of that land. Further, I have
not had the opportunity to sur-
vey the Eastern Road, where I
am told that possession of public
'right of ways' is seemingly the
rule, rather than the exception.
We anxiously await the outcome
of these pending situations.
The Government certainly
ought to be highly commended
for erecting attractive signage
and the pending reopening of
closed access points. Also, the
Ministry. of Health should be
congratulated for being far more
proactive with beach litter col-


election after this past holiday.
Larry R. Gibson, a Char-
tered Financial Analyst, is vice-
president -pensions, Colonial
Pensions Services (Bahamas, a
wholly-owned subsidiary of


Colonial Group International,
which owns Atlantic Medical
Insurance and is a major share-
holder of Security & General
Insurance Company in the
Bahamas.
"The views expressed are


those of the author and do not
necessarily represent those of
Colonial Group International or
any of its subsidiary and/or affil-
iated companies. Please direct
any questions or comments to
rlgibson@atlantichouse.com.bs


Acin :, uo



Vacancy for
Sr. Area Director, Development & Construction

A minimum of twenty (20) years experience in the Construction industry with specific documented
experience in project and/or construction management.
A minimum of ten (10) years experience leading project teams on multiple projects in remote,
international locations with single-point accountability for capital budgets and schedules.
Professional degree in technical field from an accredited university
Strong leadership, management, and communication skills providing the ability to work in a
dynamic, multi-functional matrix management environment, as a "Team Player". Pro-active,
assertive, motivated and disciplined.
Experience in leading, managing, and coordinating design, construction, and other professionals.
Experience in qualifying, contract negotiation, recommendation, and administration of
Professional and Contractor Agreements.
*Proven ability to understand the business goals of stakeholders and implement a partnering
relationship that will enable mutual success.
Experience in legislative/ jurisdictional approval processes.
Proven ability to comprehend, and critique design and contract documents.
Lead and coordinate resources to achieve complete technically acceptable design and contract
documents within Design Guides, Construction Operations Manual, project scope, schedule, and
cost.
Computer literacy on Microsoft Office products, Primavera P3 or Suretrak (or other scheduling)
and, Primavera Expedition (or other Project Management) software applications.
Ability to reside full-time in Abaco for the full duration of the project.


Please send resume to the attention of: Director of Human Resources
The Abaco Club on Winding Bay
P.O. Box AB-20571
Marsh Harbour, Abaco
Bahamas
OR
Email: humanresources@theabacoclub.com


Bahaman Mnage-forSuprSoe
5 r or yar epeiece

Sed esm0t Fx


VACANCYNOTICE ""

Assistant Director HR


A vacancy exists at The National Insurance Board for an Assistant Director of Human
Resources.

Reporting to the Director, the succesfiul applicant will be responsible for the management of
the Human Resources and Training functions of the Board. This position will be responsible
for:

* Administration of personnel policies and plans to ensure fair, consistent and competitive
treatment of all employees in accordance with all applicable legislation and regulations.

* Implementation of responsive employee relations programs to contribute to high morale
and high levels of productivity.
* Successful negotiation of industrial agreements with management and non-management
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* Development, implementation and administration of effective compensation and benefit
programs that contribute to the organizations ability to attract, retain and motivate competent
personnel.
* Maintaining a favorable working relationship with all other company employees to promote
a cooperative and harmonious working climate which will be conducive to maximum
employee morale, productivity, and efficiency/effectiveness.
* Working closely with executives and departmental supervisors in determining current and
future organizational needs.
* Ensuring that all staff members receive appropriate training to perform their jobs effectively.
* Prosecution and management of cases before Ministry of Labour and Industrial Tribunal.
* Creation and updating of formal staff job descriptions when necessary to increase efficiency
and achievement of the organization's goals with input from staff and other appropriate
resources.
* Develop, administer and monitor an effective performance appraisal system that provides
meaningful feedback to staff thereby enhancing their growth and development.
REQUIRED SKILLS AND SPECIAL TECHNIQUES
* Be a strong team player and business manager with a solid foundation and understanding
of overall business operations, showing the ability to interface effectively with all levels
and functions within the organization.
* Have excellent communication skills, both orally and in writing, and be an outstanding
listener.
* Be service oriented and yet have a strategic orientation, anticipating what needs to be done
and addressing those needs creatively.
* Strong management and leadership skills.

QUALIFICATIONS AND EXPERIENCE
The ideal candidate will have a Bachelor's Degree and at least five plus years of Human
Resources experience'in a leadership or management capacity. A Master's Degree in Human
Resources is preferred. Resumes with supporting documentation should be submitted on or
before Monday, June 16, 2008, to:
The Director
THE NATIONAL INSURANCE BOARD
P.O. Box N-7508
Nassau, Bahamas


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







PAGE 4B, TUESDAY, JUNE 10, 2008


A Corporate and Financial Services Firm based in Nassau
is seeking to recruit a highly competent professional for the
following position:

MANAGER

The position is best suited for results oriented, hard working individuals
able to work in a team environment.
Requirements
Masters Degree in Intemational Relations
At least two (2) years of work experience in Europe
At least three (3) years experience in the Corporate Services field
Strong organizational and analytical skills
Excellent command of computer knowledge (MS Applications)

Interested candidates should send their CV by email to:
NBissinevy(ajkbah.com Deadline: 12th June, 2008




Legal Notice
NOTICE


THE DANCASTER CORPORATION

-"-

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



ARGOSA CORP. INC.
(Liquidator)


COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Commercial Division


2008
COM/com/00011


IN THE MATTER OF THE NATIONAL INSURANCE
BOARD
AND
IN THE MATTER OF SECTION 187 OF THE
COMPANIES ACT CHAPTER 308
AND
IN THE MATTER OF THE ACTION OF THE NATIONAL
INSURANCE BOARD

ADVERTISEMENT OF PETITION

NOTICE is hereby given that a Petition for the winding
up of the above named Company by the Supreme Court
of The Bahamas was, on 12th Day of March, 2008
presented to the said Court by Anthony M. Wright of
45 Brighton Drive, of The City of Freeport in the Island
of Grand Bahama.

AND that the said Petition is directed to be heard before
Mrs. Donna Newton, a Registrar of the Supreme Court,
sitting at Nassau on the 2nd day of July, 2008 at 12:00
o'clock in the afternoon, and any creditor or contributory
of the said Company desirous to support or oppose the
making of an Order on the said Petition may appear at
the time of the Hearing in person or by his Counsel for
that purpose; and a copy of the Petition will be furnished
by The undersigned to any creditor or contributory of
the said Company requiring such copy on payment of
the regulated charge for same.

Dated this 4th day of June, 2008

Anthony M. Wright
No. 17 Baldwin Avenue (Off Farrington Road)
P.O. Box N-197
Telephone: (242) 323-6759
Nassau, Bahamas

Note: Any person who intends to appear on the hearing
of the said Petition, either to oppose or support, must
send notice of his intention to the Petitioner, within the
time and manner prescribed by rule 25. The notice must
state the name and address of the person, or, if a firm,
the name and address of the firm, must be signed by
the person or firm, or his or their attorney (if any) and
must be served, or if posted, must be sent by post in
sufficient time to reach the Petitioner not later than 4:00
o'clock in the afternoon of the 1st day of July A.D.,
2008.


NOTICE


ANDERSON UNIVERSAL LIMITED

Notice is hereby given that in accordance with Section
137 (8) of the International Business Companies Act,
2000, ANDERSON UNIVERSAL LIMITED, has
been dissolved and struck off the Register according
to the Certificate of Dissolution issued by the Registrar
General on the 20th of May, A.D., 2008.

Dated the 10th day of June A.D., 2008


A.J.K. Corporate Services (Bahamas) Limited
Liquidator




Legal Notice
NOTICE

HARK COAST HOLDINGS LIMITED



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



ARGOSA CORP. INC.
(Liquidator)


r. .1


PUBLIC NOTICE
INTENTTO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, DASHEILDESHAACOX of Ideal
Estates in the Eastern District of the Island of New Providence
of the Islands of the Commonwealth of The Bahamas, intend to
change my name to DASHEIL DESHEA CAREY. 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.


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Legal Notice
NOTICE


WORLANDER S.A.

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




SARGOSA CORP. INC.
S (Liquidaor








Are you an energetic Motivator,
an Excellent communicator with a passion
to work with a professional Team?

Ifwe've piqued your interest, Let's Talk!!

Skills required:
A Bachelor's Degree in Finance
Minimum of five (5) years experience in
finance company management
Minimum of five (5) years experience in the
consumer purchase lending industry
Minimum of three (3) years experience in
the use and training of EnCompass and the
ability to train a team of at least 10 people.
Proficient in IBM DB2 file query utilities
Working knowledge of Microsoft Office


F URNI E


Nassau Grand Bahama World Wide Web
Please submit your application by Mail to:
Director of Human Resources, The Plus Group
P. O. Box N713, Nassau, Bahamas
or eMail: jobs@theplusgrp.com
We thank all applicants, however only those '
selected for an interview will be contacted.


T

I


I


PUBLIC NOTICE
INTENTTO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, DOROTHY P. LEYLEGIAN
of the Western District of the Island of New Providence of
the Islands of the Commonwealth of The Bahamas, intend
to change my name to DOROTHY P. BAKER. If there are any
objections to this change of name by Deed Poll, you may write
such objections to the Chief Passport Officer, PO.Box N-742,
Nassau, Bahamas no later than thirty (30) days after the
date of publication of this notice.


VICE PRINCIPAL




NEEDED
The Anglican Central Education Authority invites
applications from qualified Bahamians for the position of
VICE PRINCIPAL of Bishop Michael Eldon School
beginning September 2008.
The applicant must have a Degree in Education from a
recognized University, with at least 5 years accumulative
experience. The applicant must also be computer literate.
Key job functions and responsibilities include:
- Assisting with staff supervision and evaluation
- Admissions and student orientation
- Scheduling (Timetables; examinations, invigilations)
- Assisting with discipline
- Assisting with supervision of academic programmes
- Assisting with Curriculum Development.
- Administration of School and External examinations
- Inventory
- Requisitions
Applicants should submit a cover letter, Curriculum Vitae,
copies of degree certificates, three references and passport
photographs to:
THE DIRECTOR OF EDUCATION
ANGLICAN CENTRAL EDUCATION AUTHORITY
P.O. BOX N-656
NASSAU, BAHAMAS
The Deadline for Applications is
Friday, June 27th, 2008


I BSINSS


THE TRIBUNE









THE TIBUN TUESAY, UNE 0, 208,IPGESS


The Bahamian Stock Market

H EB ISX CLOSING CHANGE VOLUME YTD PRICE
SYMBOL PRICE CHANGE


* By Fidelity Capital
Markets
IT was a slow trading week in
the Bahamian stock market, in
part because the week was short-
ened to observe the Labour Day
holiday. Investors traded in six
out of the 19 listed stocks. Some


17,150 shares changed hands, a
significant decline of 83.06 per
cent, compared to last week's
trading volume of 101,225
shares.
Freeport Oil Holdings Com-
pany (FCL) led the week's trad-
ing volume with 8,160 shares, to
end the week unchanged at


Colina Holdings

COLINA HOLDINGS BAHAMAS LIMITED

NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the statutory meeting of
the above Company required to be held by Section 70(2)
of the Companies Act, 1992 will be held at the J.W. Pinder
Building, Colinalmperial Insurance Ltd., Collins Avenue,
Nassau, Bahamas on Wednesday, the 11th day of June
2008 at 5:30p.m.

Dated Monday, the 9th day of June 2008

Michelle C. E. Fields
Secretary



James Catalyn & Friends

Two One Act Plays
"I Does Live Here" & "The Sweetheart"

k. The Dundas Centre
.June 11th -14th at08:t00P.m. Tickets $20.00

SpecialZ penin ght Gala
N"1 ''.1.T i, ie's, .," ne, l[( th nn. m


$5.55. Commonwealth Bank
(CBL) followed with 6,379 of its
shares trading, also ending the
week unchanged at $7.30. Cable
Bahamas (CAB) was the declin-
er of the week with 2,000 shares
trading, decreasing by $0.03 to
close at $14.
COMPANY NEWS
Earnings Releases:
Doctors Hospital Health Sys-
tems (DHS) released unaudited
results for the year ended Janu-
ary 31, 2008. DHS reported a
net income of $3.4 million, an
increase of 46.05 per cent com-
pared to $2.3 million at year-end
2007.
Total net revenues stood at
$42.1 million, up $3 million or
7.72 per cent from $39.1 million
for the same 12-month period
in 2007, while total expenses
increased by $3.1 million or 8.57
per cent.
Earnings per common share
of $0.34 increased by 47.8 per
cent, upO from $0.23 in 2007.
Management indicated that
patient activity was up in the
year, accounting for high rev-
enues, while increases in expense
were in line with the revenue
growth. 'Total assets and liabili-
ties stood at $31.3 million and
$11.5 million respectively, com-
pared to $29 million and $12.4


million at year-end 2007.
Bahamas Waste (BWL)
released its unaudited financial
results for the quarter ending
March 31, 2008. BWL reported
net income of $228,000, a
decrease of $171,000 or 42.9 per
cent compared to the same peri-
od in 2007.
BWL reported earnings per
share of $0.05, a decrease of 50
per cent compared to $0.10 for
the same three-month period in
2007. Total assets and liabilities
stood at $19.3 million and
$955,000 respectively, compared
to $9.2 million and $1.01 million
at year-end 2007. BWL sales
revenues of $2 million remained
consistent with the 2007 first
quarter, declining slightly by
$39,000 or 1.9 per cent, while
cost of sales of $1.3 million
increased by $153,000 or 13 per
cent.
FAMGUARD Corporation
(FAM) released its unaudited
financial results for the three
months ended March 31, 2008.
FAM reported net income of
$2.94 million for the 2008 first
quarter, compared to $2.8 mil-
lion for the same period in the
prior year.
Earnings per share rose to
$0.29, up 3.57 per cent from
$0.28 per share in 2007. Total
income stood at $19.9 million,
representing an increase of $1.2
million or 6.56 per cent, while
total benefits and expenses rose
from $15.9 million in 2007 to $17
million, representing an increase
of 6.9 per cent.
Management attributes the
positive results primarily to
strong sales in its group medical
and ordinary life product lines
in the quarter. Total assets and
liabilities stood at $165 million
and $108.9 million respectively,
compared to $161 million and
$107 million at year-end 2007.


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


$1.84
$0.89
$9.43
$11.80
$14.60
$3.60
$14.00
$7.30
$2.87
$12.30
$3.85
$2.95
$8.00
$2.35
$0.41
$5.55
$12.50
$6.79
$12.00
$10.00


10.84%
4.71%
-1.87%
0.00%
0.00%
-1.64%
16.18%
-13.40%
-8.89%
-15.75%
-23.61%
25.53%
11.11%
-11.32%
-46.750%/
7.1,4%
-3 47%
-6.34%
9.09%
0.00%


DIVIDEND/AGM NOTES:
Finance Corporation of the Bahamas (FIN) has declared a
quarterly dividend of $0.13 per share, payable on June 12, 2008,
to all shareholders of record date June 5, 2008.
Fidelity Bank (Bahamas) (FBB) has declared a quarterly
dividend of $0.02 per share; payable on June 25, 2008, to all
shareholders of record date June 10, 2008.
Commonwealth Bank (CBL) has declared a quarterly div-
idend of $0.05 per share, payable on June 30, 2008, to all share-
holders of record date June 13, 2008.
Colina Holdings Bahamas (CHL) announced it will be
holding its Annual General Meeting on June 11, 2008, at 5.30pm
at the J.W. Pinder Building, Collins Avenue, Nassau, Bahamas.

FOCOL Holdings (FCL) announced it will be extending the
deadline of its private placement offering over the course of the
next six months. The preferred shares will be paying a divi-
dend rate of prime + 1.75 per cent, payable semi-annually.





To dvptie n M Tifte


$-
$-
$-
$-
$-
$-
$-0.03
$-
$-
$-
$-0.11
$-
$-
$-
$-
$-
$-
$-
$-
$-


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your

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


Royal Island (Bahamas) Limited




SRoyal Island (Bahamas) Limited, the developers of the Royal Island'Resort and
Residential Project, just off North Eleuthera wish to fill the following position:

Estimator/Quantity Surveyor

This is a Senior Level Individual should be a generalist and capable of preparing
detailed estimates through all phases of the project. The Successful Candidate
will:

Report to the Vice President of Resort Development on all matters relating
to the Project.
Operates as the focal point for all construction estimating.
Provides the construction team with cost guidance during all phases of the
construction.
Tests the estimates for reasonableness based on comparable / equivalent
historical data.
Evaluates all design documentation and assist in value engineering reviews.
Responsibility for monitoring specific budget break down for construction
or trade packages based on the overall Project Budget.
Participates / assists in the preparation of individual package scopes of work
together with Consultant and vendor Requests for Proposals (RFP) or
Invitations to Tender.
Assists in pre-contract tender evaluations and award negotiations.
Assist with daily management of Contracts with specific responsibility for
negotiating Contract Directives (CD).
Provides monthly input to the Estimated Final Cost (EFC) / Budget Status
Report.

Qualifications and Experience:

Ten (10) Years of related Experience within the Luxury
Resort/Development Industry and a degree in Construction Management or
equivalent.

The successful candidate will be required to work on Royal Island Bahamas.

Interested persons should submit their resumes with cover letter to:

Fax to: (954) 745-4399
Or
Email to: aileen.miller@royalislandbahamas.com

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


Media Company seeks young persons

who are computer literate and have

some experience in QuarkXPress.



Please apply to:



DA60743

c/o Tribune

P.O. Box N-3207

Nassau, Bahamas



or fax to (242) 328-2398


r f fr ,

*' 'i' i +'":
+ +" 7- y:
., ., -'-- -----


I


TUESDAY, JUNE 10, 2008, PAGE 5B


0
0
0
200
0
0
2,000
6,379
0
0
0
0
0
0
200
8,160
0
211
0
0


THE TRIBUNE






















246,056.331 137,986.620
103,651,019 143,692,439
172,782,461 181,408,527
7,643,927 8281,792
16.220,622 23.421.943
18,514,252 3,502,574
564,868,612 498,293,895


84,657,102
345,448,508
15,630,065
4,053,107


112,580.718
266,466,597
22,854.749
2,975,653


449,788,782 404,877,717


ASSETS
Cash and due from banks
Cash, demand and call deposits
Time deposits
Loans and advances
Investments in associated companies
Derivative financial instruments
Other assets
Total assets

LIABILITIES
Deposits from banks
Customers" deposits
Derivative financial instruments
Other liabilities
Total liabilities

EQUITY
Attributable to equity holders of the Bank
Share capital
General reserve
Retained earnings


25.000,000
2,000,000
66,416.178


111,289,489 93,416.178
3,790,341 _


Non-controlling interest


Total equity 115,079,830
Total liabilities and equity 564,868,612

APPROVED BY THE ,OA F DIRECTORS AND SIGNED ON ITS BEHALF BY:

L^^.
/^^^~ ^..


Z rector


23 May 2008.
Date


93.416,178
498,293,895


Director


Notes to Consolidated balance sheet.
31 December 2007

1. General Information

Pictet Bank & Trust Limited (the Bank) is incorporated underrthd Compamesct, 1992 of
the Commonwealth of The Bahamas and licensed under the Banks and Trust Companics
Regulation Act, 2000 to carry on banking and trust business from within The Bahamas. The
Bank is also licensed in The Bahamas as an investment fund administrator under the
Investment Funds Act, 2003, and a class II broker/dealer under the Securities Industry Act,
1999. The Bank and its subsidiaries (together, the Group) provide banking, custody, trustee,
investment management, advisory, nominee and directorship services.

The Bank's ordinary shares are wholly owned by Pictet Holding Corporation, a company
registered in The Republic of Panama, which is one of a group of enterprises controlled by
the private banking partnership of Pictet & Cie, Geneva. Pictet & Cie and other entities
directly or indirectly controlled or significantly influenced by Pictet & Cic are referred to as
related parties. In tliq normal course of its operations, the Group has significant business and
other arrangements with related parties. The terms of these arrangements and the resulting
transaction amounts are likely to differ from those that would have existed had the parties
been unrelated.

The registered office of the Bank is situated atBayside Executive Park, West Bay Street and
Blake Road, New Providence, Bahamas.

2. Summary of Significant Accounting Policies

Significant accounting policies applied in the preparation of the consolidated balance sheet
are set out below. These policies have been consistently applied to all the years presented,
unless otherwise stated.

(a) Basis of preparation
The consolidated balance sheet is prepared in accordance with International Financial
Reporting Standards (IFRS) and under the historical cost convention, as modified by
the revaluation of derivative financial instruments. The preparation of consolidated
financial statements in conformity with IFRS requires management to exercise
judgment in the process of applying the Group's accounting policies. It also requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosures of contingent assets and liabilities as of the date
of the consolidated balance sheet. Actual results could differ from those estimates.
The areas involving a higher degree of judgment or complexity, or areas where
assumptions and estimates are significant to the consolidated balance sheet are
disclosed in Notes 2(b), 2(g), 2(i) and 3.

In the current year, the Group adopted IFRS 7 Financial Instruments: Disclosures
and the amendments to IAS 1 Presentation of Financial Statements, which became
effective for fiscal periods beginning on or after 1 January 2007. The impact of the
adoption of IFRS 7 and the changes to IAS 1 has been tq expand the disclosures
provided in the consolidated balance sheet regarding the Group's financial
instruments and management of capital.

The remaining standards and amendments and interpretations to published standards
that became effective for fiscal periods beginning on or after 1 January 2007 were not
relevant to the Group's operations and accordingly did not impact the Group's
accounting policies or consolidated balance sheet.

The application of new standards and amendments and interpretations to existing
standards that have been published but are not yet effective are not expected to have a
material impact on the Group's accounting policies or consolidated balance sheet in
the period of initial application.

(b) Principles of consolidation

SSubsidiaries

Subsidiaries are all entities over which the Group has the power to govern the
financial and operating policies, generally accompanying a holding of more than one
half of the voting rights. The existence and effect of potential voting rights that are
currently exercisable or convertible are considered when assessing whether the Group
controls another entity. Subsidiaries are fully consolidated from the date on which
control is effectively transferred to the Group. They ar' de-consolidated from thedate
on which control ceases.

Inter-company transactions, balances and unrealised gains on transactions between
entities within the Group are eliminated. Unrealised losses are also eliminated unless
the transaction provides evidence of impairment of the asset transferred. The
accounting policies of subsidiaries have been changed where necessary to ensure
consistency with the policies adopted by the Group.

Associated companies

Associated companies are all entities over which the Group has significant influence
but not direct control, generally accompanying a holding of between 20% and 50% of
the voting rights. Investments in associated companies are accounted for using the
equity method of accounting and are initially recognized at cost.

The Group's share of its associated companies' post-acquisitibn profits or losses is
recognized in the consolidated income statement; its share of post-acquisition
movements in reserves is, recognized in reserves. The cumulative post-acquisition
movements are adjusted against the carrying amount of the investments. If the
Group's share of losses in an associated company equals or exceeds its interest in the
associated company, including any other unsecured receivables, the Group will not
recognize further losses, unless it has incurred obligations or made payments on
behalf of the associated company.

Unrealised gains on transactions between the Group and its associated companies are
eliminated to the extent of the Group's interest in the associated companies.
Unrealised losses are also eliminated unless the transaction provides evidence of an
impairment of the asset transferred. Accounting policies have been changed where
necessary to ensure consistency with the policies adopted by the Group.

(c) Foreign currency translation

Functional and presentation currency
Items included in the financial statements of each of the Group's entities are
measured using the currency of the primary economic environment in which the
entity operates (the functional currency). The consolidated balance sheet is presented
in Swiss francs, which is the functional and presentation currency of the Bank.

Transactions and balances
Foreign currency transactions are translated into the functional currency using the
exchange rates prevailing at the dates of the transactions. Foreign exchange gains and
losses resulting from the settlement of such transactions and from the translation at


THE TRIBUNE


I yer-ndT-h glraeI Io..a a


Pictet Bank & Trust Limited
(Incorporated under the laws of the Commonwealth of Te Bahamas)

Consolidated Balance Sheet
As of31 December 2007
(Expressed in Swiss francs)

Note 2047
CHF


Period to
maturity
(Expressed in CHF 000s)

Demand and
short notice
Up to 3 months
3 12 months
Over 1 year



As of 31 December 2006

Period to
maturity
(Expressed in CHF 000s)
Demand and
short notice
Up to 3 months
3-12 months
Over I year


Cash and
due from
banks


246,056
103,651


Loans and Deposits
advances from banks


96,107
48,737
24,911
3,027


14,288
44,964
22,385
3,020


349,707 172,782 84,657


Cash and
due from
banks


137,987
143,692


Customers'
deposits


325,378
18,123
1,948


345,449


Loans and Deposits Customers'
advances from banks deposits


111,347
33,844
33.218
3,000


53,243
25,101
31,237
3,000


257,737
4,863
3,866


281679 181,409 112,581 266466


US a' ij


PAGE 6B, TUESDAY, JUNE 10, 2008


2006
CHF


9 30,000,000
13 2.000,000
79,289,489


year-end exchange rates of monetary assets and liabilities denominated in foreign
currencies are recognized in the consolidated income statement.

(d) Loans and advances

Loans and advances to customers are recognized initially at fair value and subsequently
measured at amortised cost, less provision for impairment. A provision for impairment
is established when there is objective evidence that the Group will not be able to collect
all amounts according to the original terms of the loan or advance. The provision is the
difference between the carrying amount and present value of estimated cash flows
discounted at the original effective interest rate.

(e) Derivative financial instruments

Derivative financial instruments are initially recognized at fair value on the date on
which a derivative contract is entered into and are subsequently re-measured at their
fair value. Fair values are obtained from quoted market prices in active markets,
recent market transactions, and valuation techniques, including discunted cash flow
models and options pricing models, as appropriate. Derivative financial instruments
are carried as assets when fair value is positive and as liabilities when fair value is
negative.

Changes in the fair value of a derivative financial instrument are recognized in the
consolidated income statement.

(1) Offsetting financial instruments

Financial assets and liabilities are offset and the net amount reported in the consolidated
balance sheet when there is a legally enforceable right to offset the recognized amounts
and there is an intention to settle on a net basis, or realise the asset and liability
simultaneously.

(g) Property and equipment

Property and equipment are carried at historical cost less accumulated depreciation and
amortisation. Historical cost includes expenditure that is directly attributable to the
acquisition of the items. Subsequent costs are included in the asset's carrying amount
or are recognized as a separate asset, as appropriate, only when it is probable that
future economic benefits associated with the item will flow to the Group and the cost
of the item can be measured reliably. Repairs and maintenance are charged to the
consolidated income statement during the financial period in which they are incurred.

Acquired software licenses are capitalised on the basis of the costs incurred to
develop/acquire and bring to use the specific software. Costs associated with
researching or maintaining software programmes are recognized as an expense as
incurred.

Land is not depreciated. Depreciation and amortisation of all other fixed assets is
calculated using the straight-line method to write-off the cost of such assets over their
estimated useful lives (3 to 7 years).

The aggregate carrying value of property and equipment is included in "other assets" in
the consolidated balance sheet. Gains and losses on disposals are determined by
comparing proceeds with carrying amount and included in the consolidated income
statement.

(h) Fiduciary activities

The Group acts as trustee and in other fiduciary capacities that result in the holding or
placing of assets on behalf of individuals, trusts and other institutions. These assets are
excluded from the consolidated balance sheet, as they do not belong to the Group.

(i) Income and expense recognition

Interest income and expense for all interest-bearing financial instruments are
recognized using the effective interest method.

Fees and commissions are generally recognized on an accrual basis when the service.
has been provided. Loan commitment fees are recognized as an adjustment to the
effective interest rate on the loan. Fees and commissions arising from negotiating or
participating in the negotiation of a transaction for a third 'party, such as the
arrangement of the .acquisition of shares or other securities, are recognized on
completion of the underlying transaction. Trustee, asset management, custody,
advisory and other service fees are recognized based on the applicable service
contracts, usually on a time-apportionment basis. Performance linked fees or fee
components are recognized when the performance criteria are fulfilled. The Group's
billing cycle is such that fees charged to customers are usually billed and collected ;i
the same accounting period that they are earned.

Advisory and other fees allocated to the Group by related parties pursuant to the
terms of service contracts are recognized when the right to receive payment has been
established.

All other income and expenses are recognized on the accrual basis.

(j) Employee benefits

The Group makes contributions to a defined contribution bonus plan and savings
scheine established for its employees and has no further payment obligations once the
contributions have been made. The Group's contributions to the bonus plan and savings
scheme are recognized as employee benefit expense when they are due.

(k) Leases

The Group leases out office space under operating leases where a significant portion of
the risks and rewards of ownership are retained by the Group as lessor. Payments
received under such operating leases are recognized in the consolidated income
statement on a straight-line basis over the period of the leases.

(1) Taxation

Under the current laws of the Commonwealth of The Bahamas, the country of domicile
of the Group, there are no income, capital gains or other corporate taxes imposed.

(m) Corresponding figures

Where necessary, corresponding figures are adjusted to conform with changes in
presentation in the current year.

3. Financial Risk Management

The Group's activities expose it to various types of risk in the normal course of business.
Such risks include fiduciary, liquidity, interest rate, credit and currency risks. The Group's
financial performance is dependent on its ability to understand and effectively manage these
risks and its challenge is not only to measure and monitor these risks, but also to manage
them as profit opportunities.

(a) Fiduciary risk

The Group provides significant asset management and advisory, custody, trustee and
corporate administration services to third parties. These activities give rise to fiduciary
risk, which is the risk that the Group may fail in carrying out certain mandates in
accordance with the wishes of its customers or fail to deliver expected performance
goals. To manage this exposure, the Group generally takes a conservative approach in
its fiduciary undertakings for customers.

(b) Liquidity risk

Liquidity risk is the risk that the Group might not have the necessary liquidity to meet
its contractual obligations as they become due: The Group manages its liquidity risk
by matching liabilities with assets of similar maturity periods. Significant financial
assets and liabilities of the Group may be classified, based on the period remaining '
from the reporting date to the contractual maturity date, as follows: .

As of 31 December 2007


.1


45




6'









.5




It










THE TRIBUNE
I II


Advances to customers with no fixed terms of repayment are included in the maturity
listing as demand and short notice.

(c) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial
instrument will fluctuate because of changes in market interest rates. The Group has
exposure to the effects of fluctuations in the prevailing levels of market interest rates
on its financial position (fair value of financial instruments) and cash flows. Interest
margins may increase as a result of such changes, but may decrease or create losses
in the. event that unexpected movements arise. The Group manages this risk by
maintaining assets and liabilities with similar principal values, interest rates and
maturity dates.

The table below summarises the Group's exposure to interest rate risks. Included in
the table are the Group's assets and liabilities at carrying amounts, categorised by the
earlier of contractual re-pricing or maturity dates.


S 2007
(Expressed in CHF 000's)
Assets
Cash and due from banks
Cash, demand and call
deposits
Time deposits
Loans and advances
Investments in associated
companies
Derivative financial
instruments
Other assets
Total assets
Liabilities
Deposits from banks
Customers' deposits
Derivative financial
instruments
Other liabilities
Total liabilities


Non-
Up to 1 1-3 3-12 1-5 Over 5 interest
month months months years years bearing


140,205
86,289 17,362
99,792 45,052


3,027


Total


105,851 246,056
103,651
172,782


7,644 7.644
16,221 16,221
S- 18.514 18,514
326286 62414 24,911 3,027 148,230 564,86

3,290 41,674 22,385 3,020 14,288 84,657
60,087 1,375 1,948 282,039 345,449
15,630 15,630
4o0' 4__ 4,053
63J77 43049 24J33 3,020 316,010 449789


Total interest sensitivity
gap 26909 19365 5787
2006
(Expressed in CHF 000's)


Assets
Cash and due from banks
Cash, demand and call
deposits
Time deposits
Loans and advances
Investments in associated
companies
Derivative financial
instruments
Other assets
Total assets
Liabilities
Deposits from banks
Customers' deposits
Derivative financial
instruments
Other liabilities
Total liabilities


102,992
126,667 17,025
120.356 24,835


34,995 137,987
143,692


33,218 3,000


181,409


8,282 8,282
23,422 23,422
S3,502 3502
S41860 3318 3,000 70201 49829


1,510 23,591 31,237
112,72i 835 3,866


114231 24,426 35,103


3,000 53,243 112,581
149,044 266,466
22,855 22,855
S2,976 2,976
- 3,000 228,118 404,878


Total interest sensitivity
gap 235,784 17.434 (1.885)

Included in. time deposits and loans and advances are amounts totalling
CHF 329,000 (2006: CHF 390,000) and CHF 1,405,000 (2006: CHF 902,000),
respectively, representing accrued interest receivable. Included in deposits from
banks and customers' deposits are amounts totalling CHF 1,092,000 (2006.: CHF
653,000) and CHF 69,000 (2006: CHF 103,000), respectively, representing accrued
interest payable.

(d) Credit risk

Credit risk arises from the potential failure of'a counterpart to perform according to
the terms of a contract. From this perspective, the Group's credit risk exposure is
primarily concentrated in.deposits placed with other banking institutions, loans and
advances, derivative. financial instruments with positive replacement valuesand
guarantees. The Group's places its deposits and takes derivative positions with high
quality international banking institutions, and its policy is to extend credit to
customers only when the Group is holding assets on behalf of the borrowers that can.
be used as collateral to fully support the credit facility.. .. :, ;

The Group considers balances with related parties to be the most significant
concentration of financial assets, liabilities and off-balance sheet items, These
amounts are disclosed in Notes 5, 6, 7, 8, 10 and 11. The Group does not consider the
concentration of balances with third party banks and customers that might be
identified by categorisations such as geographical domicile of the customer, industry
groups, etc. to be germane to the potential risks inherent in the realisation of assets
and the availability of funding for the following reasons:

(i) The Board of Directors has established a list of banks, other than related parties,
with which the Group is authorised to conduct deposit placement business and
has established deposit limits for each bank. The limits are between CHF 130
million and CHF 500 million, including fiduciary deposits, and were observed
as of 31 December 2007.

(ii) Credit facilities are extended to qualifying customers and are fully supported
by financial assets of the borrowers held under management by the Group.
Credit facilities are limited to approved credit ratios based on the value of a
customer's cash and marketable securities held by the Group. As of 31
December 2007, 60% (2006: 40%) of the total value of loans' and advances is
due from twelve (2006: ten) borrowers, all of whom are third parties.

(iii) The Group, pursuant to powers of attorney to manage customers' assets,
controls the majority of customers' deposits.

(iv) As of the balance sheet date, all credit exposures are current, with no past due
amounts.

The table below summarises the geographical location of the Group's assets based on
the domicile of the counterpart.


Assets
Europe
Switzerland
Latin America & Caribbean
Bahamas
North America
Other


2007
CHF
000's

.264,192
109,171
91,046
71,749
23,645
5,065


2007 2006
CHF
% 000's


47
19
16
13
4
1


264,678
49,104
74,690
73,026
18,167
18,629


2006

%

53
10
15
15
4
3_


564,86 100 498,294 100

(e) Currency risk

The Group takes on exposure to currency risk arising from the effect of fluctuations
in the prevailing foreign currency exchange rates on its financial position and cash
flows. The Board of Directors sets limits on the level of exposure by currency and in
total for both overnight and intra-day positions, which are monitored daily. As of the
balance sheet date, the Group's assets and liabilities were primarily denominated in
US dollars, Swiss francs and Euros. The table below summarises the Group's
exposure to currency risk.


As of 31 December 2007
(Expressed in CHF 000's)
Assets
Cash and due from banks
Loans and advances
Investments in associated companies
Derivative financial instruments
Other assets
Total assets
Liabilities
Deposits from banks
Customers' deposits
Derivative financial instruments
Other liabilities
Total liabilities
Net on-balance sheet position
Credit commitments/Guarantees

As of 31 December 2006
(Expressed In CHF 000's)
Assets
Cash and due from banks
Loans and advances
Investments in associated companies
Derivative financial instruments
Other assets
Total assets


CHF USD EUR Other


238,725
17,398
2,167
1,056
12.218


22,507
97,024
5,477
3,255
6,296


62,689
56,650
10,083


25,786
1,710
1,827


Total


349,707
172,782
7,644
16,221
18,514


271.564 134,559 129,422 29323 564868


12,702
147,134
979
3,567


38,045
86,217
3,080
467


33,870
84,883
9,782
18


40
27,215
1,789
1


84,657
345,449
15,630
4,053


164,382 127,809 128553 29,045 449789
107,182 6,750 869 278 115,079


2,294 37,836 3828 2,035


200,687
30,913
2,115
827
1,002


20,807
81,986
6,167
5,918
2,500


38,953
65,824
9,770


21,232
2,686
6,907


80,493


281,679
181,409
8,282
23,422
3,502


235.544 11737


TUESDAY. JUNE 10. 2008, PAGE 78


Liabilities
Depo..tb from banks
Custorn-.r' deposits
Dericatie financial instruments
Other liabilities
Total liabilities
Net on-balance sheet position

Credit commitments/Guarantees


37,94
102.891
777
2.433


19,526
86,967
16,507
541


54,344
53,551
4,231


. 767
23,057
1,340
2


112,581
266,46
22,855
zW


4. Subsidiaries *


Subsidiaries comprise:



Bayside Partners Ltd.
Bayside Pictet Ltd.
ETR Sponsors Ltd.
NassBarr Investments Corp.
NomNass Investments Corp.
NassNom Investments Corp.
Pictet Overseas Trust Corporation Limited


Country of Ownership
Incorporation Interest


The Balamas
The Bahamas
The Bahamas
The Bahamas
The Bahamas
The Bahamas
The Bahamas


100%
100%/
40%
100%
100%
100%
100%


Pictet Overseas Trust Corporation Limited is licensed to carry on, and engages in, trust
business from within The Bahamas and is an authorised agent for the purpose of receiving
securities into deposit on behalf of its clients. ETR Sponsors Ltd. provides investment
management and advisory services to an investment fund. Bayside Pictet Ltd. and Bayside
Partners Ltd. are involved in activities connected with the ownership of a commercial
office complex known as Bayside Executive Park and adjacent land, respectively, which
are located in the Western District of the Island of New Providence in The Bahamas.
NassNom Investments Corp., NomNass Investments Corp. and NassBarr Investments
Corp. are licensed in The Bahamas to provide nominee shareholder services and also
provide directorship services for the Group's customers and otherwise remain inactive.

During the year, the Group acquired 40% of the share capital of ETR Sponsors Ltd., which
represents 100% of the voting shares. As a part of the transaction, the Group and the other
shareholders of ETR.Sponsors Ltd. entered into call and put options, respectively, which,
subject to certain events, would result in the Group acquiring the shares of the other
shareholders based on their net asset value at the time of exercise.


5. Investments in Associated Companies


investments in associated companies comprise:


Shareholdings
Advantces


2007
CHF


1,228,707
6,415,220


2006
C-F

1,228,657
7,053,135


7,643,927 g ,7M

The advances to associated companies are interest-free and unsecured, with no fixed terms
of repayment. Associated companies comprise:

Country of Ownersp
Incorporation Interst


Bayside Estates Ltd. (dormant)
Bayside Holdings Ltd.
Bayside Management Ltd. (dormant)


The Bahamas
The Bahamas
The Bahamas


Bayside Holdings Ltd., Bayside Management Ltd., and Bayside Estates Ltd. ae involved in
-activities connected with Bayside Executive Park and adjacent land, respectively, see Note 4.

Summary financial information pertaining to associated companies is as follows:


As of 31 December 2007

Bayside Estates Ltd. (dormant)
Bayside Holdings Ltd.
Bayside Management Ltd. (dormant)


Assets Liabilities
CHF CHF


1,132,150
13,348,545 14,083,027


As of 31 December 2006

Bayside Estates Ltd. (dormant) 1,220,700
Baysioae'HoTdnns'Ltd.'."-,-" !,...: l'5,;S40;688"'7qi6,075,130
Baysid&iMaagement.Ltd. (dormant) ......,. .. ..

6. OthBi~r dts's' '" ---'; ': ;' .. -, '-.. iuw ;


'.4


Included in "other assets" are fees receivable from related parties totaling CHF 10,200,000
(2006: CHF Nil). Also included in "other assets" are land, building, furniture, office
equipment and software with an aggregate carrying value of CHF 1,027,502 (2006: CHF
1,643,690). The Group occupies a building that was fully depreciated during the year that
las a historical cost of CHF 16,439,786.


7. Deposits from Banks





Demand deposits
Call deposits
Time deposits



8. Customers' Deposits





Demand deposits
Cal deposits
Time deposits


2007
Related
Parties Others
CHF CHF

13,884,294 403,696

70.369,12 _

84,253,406 403,696


2007
Related
Parties Others
CHF CHF


124,792,397


157,246,721
43,338,642
20,070,748


124,792,397 220,656,111


9. Share Capital


Authorised share Capital:

15,000 (2006: 12,500) shares of CHF 2,000 each


Issued andfullypaid:

12,500 ordinary shares of CHF 2,000 each

2,500 (2006: Nil) preferential shares of CHF 2,000 each


2006
Related
Partes Otrmn
CHF Cmw

52,769,298 345,621
128,173
59,337,626

112,106,924 473,t7


2006
Related
Parties Oth.n
CHF C" F


31,822,197
50,000,000'
383,456


108,811,010
67,103,918
8346,016


82,205,653 184,2M09


2007
CHF


2006
CHF


30,000,000 25,009,000


25,000,000 25,000,000


5,000,000

30,00,000


In May 2007, the directors and shareholders approved an increase in the Bank's authorized
capital of CHF 5,000,000 through the creation and issue of 2,500 preferential shares of par
value CHF 2,000 each. These shares were issued to a related party donliciled in Switzerland,
in which certain key management personnel of the Group have an interest.

The ordinary shares are voting participating shares. The preferential shares are non-voting
participating shares with a preferential right to dividends. The dividend amount is not fixed.

10. Other Balances and Transactions with Related Parties

The following is a summary of balances and transactions with related parties that are not
disclosed elsewhere in the consolidated balance sheet:


Pictet & Cie


Cash and due from banks
Derivative financial instruments (asset)
Derivative financial instruments (liability)


Other related parties

Cash and due from banks
Other liabilities


2007
CHF


90,036, 16
8,618,902
7,301,256.



15,006,814
550,000 "
*


2006
CHF


25,582,708
14,647,324
8,544,975



15,019,150


The Group receives research, advisory, adr inistrative and other support services from related
parties and certain of these services are received free of charge.


1)' / tC ,-


144,045 123,541 112,126 25,6
91,499 (6.163) 2.421 5.6 93A.4

2,913 45,732 19,317 2525 7MA4


1


0 C


~Uooooao


114547 30,825 4994


I









PAGE 8B, TUESDAY, JUNE 10, 2008


THE TRIBUNE


11. Commitments and Contingencies

(a) Derivative financial instruments

The Group enters into forward currency contracts solely as part of its customer-related
activities. Forward currency contracts are contracts to purchase and sell foreign
currencies at specific rates of exchange on specific dates in the future. Risk arises from
the potential inability of counterparties to perform under the terms of the contracts (credit
risk) and from fluctuations in the foreign exchange rates (market risk). The Group
manages the market risk of customer-related positions by taking offsetting positions with
Pictet & Cie and other banking institutions resulting in minimal market exposure. The
credit risk of customer-related positions is managed by applying uniform credit standards
maintained for all activities with credit risk. Collateral held generally includes cash, cash
equivalents and investment securities.

The forward currency contracts open as of year-end relate to major currencies such as the
Euro, Swiss franc, UK pound sterling, Canadian dollar and US dollar. As of the
reporting date, the Group had contractual commitments under open forward currency
contracts as follows:


Commitments to purchase currencies:
Banks Related party
Customers



Commitments to sell currencies:
Banks Related party
Customers


2007
CHF


724,505,685
723,281,203


2006
CHF


1,440,223,600
1,434,222,810


1,447,786,888 2,874,446,410


723,188,039
724,008,292


1,434,114,707
1,439,764,509


1,447;196,331 2,873,879,216

The contract amounts of these instruments reflect the extent of the Group's involvement
Sin forward currency tracts and do not represent the Group's risk of loss due to
counterpart non-performance (credit risk). The Group's exposure to credit risk on
forward currency contracts is limited to those contracts with positive fair values, as
reported in the consolidated balance sheet.

(b) Guarantees issued

As of 31 December 2007, the Group was contingently liable for CHF 80,492,785
(2006: CHF 70,486,942) in respect of guarantees issued on behalf of its customers.
Assets held by the Group on behalf of the customers have been pledged as collateral in
Full support of these guarantees.

12. Capital Management

The Group's objectives when managing capital are to maintain a strong capital base to support
the development of its business, provide returns for its shareholders and benefits for other
stakeholders and comply with the capital requirements mandated by the'Central Bank of The
Bahamas (the Central Bank).

Capital adequacy and the use of regulatory capital are monitored by the Group's management,
employing techniques designed to ensure compliance with guidelines established by regulators.
The required information is filed with the Central Bank, the principal regulator, on a quarterly
basis.

The Central Bank requires that the Group maintain a ratio of total regulatory capital to risk-
weighted assets at or above a minimum of 8%.

For the Group, there is no difference between the composition of regulatory capital and the
components of equity as shown in the consolidated balance sheet. The Group has complied
with all of the externally imposed capital requirements to which it is subject.

13. General Reserve

The general reserve has been established by appropriations of retained earnings and is not
intended for distribution. This reserve can only be distributed with the approval of the
shareholders.

14. Fair Value of Financial Instruments

Financial instruments utilised by the Group include recorded financial assets and liabilities,
as well as items that principally involve off-balance sheet risk. It is the Group's policy not
to take on material exposure to its financial position and cash flows due to the effects of
fluctuations in prevailing foreign currency exchange rates. As the Group has no significant
unmatched foreign currency positions, change in interest rates is the main cause of changes
in the fair value of the Group's financial instruments. The majority of the Group'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 Group's recorded financial assets and
liabilities.





PCEWATERHOUSOOPERS a
.


Government reviewing copyright enforcement


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

THE government is under-
taking an extensive review of
modern copyright enforcement
to ensure that the Bahamas
remains competitive in this area
and to ensure that the country
remains off censure lists.
Minister of State for Legal
Affairs Desmond Bannister, in
his budget contribution in the
House of Assembly yesterday,
said the Registrar General has
been given a mandate to under-
take comprehensive reviews of
modern copyright systems such
as The Library of Congress in
the USA and seek to implement
a state of the art copyright reg-
istration system in the Bahamas.
"Additionally, an advisory
committee appointed by the


minister has provided draft leg-
islation, which is being circulated
to industry partners for consid-
eration. It is anticipated that new
legislation will provide for the
introduction of the lucrative con-
cept of registering service marks,
which will have the potential of
positioning the Bahamas in an
even more competitive position
in an ever growing global envi-
ronment and pave the way for
future internationally compliant
intellectual property legislation,"
he said.
Mr Bannister thanked the US
government and the US embassy
for assisting the various arms of
government in the institutional
strengthening of the various
issues affecting intellectual prop-
erty protection and enforcement.
He also noted that officers
from the Registrar General's
Department, the Attorney Gen-
eral's Office, and other law


enforcement agencies have been
or will be sent on training cours-
es on intellectual property
enforcement and prosecution.
"As a result of these com-
bined efforts and prolonged
negotiations with the United
States Trade Representative
Office as spearheaded by the
Registrar General Department
and other government agencies,
the Bahamas for the second year
in a row does not appear on the
Special 301 lists. This is quite
significant as the Bahamas has
been listed for the previous six
years."
Mr Bannister further noted
that the intellectual property
department was relocated to
Appsley House at the beginning
of May and has more space to
seek to more adequately meet
its mandate.
"WIPO (World Intellectual
Property Organisation) has
undertaken the installation of a
special IPAS computer system.
This budget makes provision for
the proper staffing of this depart-
ment to populate the database.
This is critical to the Bahamas
seeking a competitive advo itage
in this area, and it is worthy of
note that when we came to office
this department was some five
years behind in the process."



I.''

moved from Bay Street and
expressed the hope that the pri-
vate sector would be allowed to
drive the relocation process.
The Meet the Minister's
Forum will be held on Thurs-
day, June 26, at Sandals begin-
ning at 8.30am. Other chamber
week activities include a mix
and mingle on Tuesday, June
24, beginning at 6.30pm and a
gala awards banquet on Satur-
day, June 28 at 8.15pm, both
events to be held at Sandals.
The mix-and-mingle event
will have a ten dollar donation
which will go towards the schol-
arship fund, for the winner of
the outstanding College of the
Business Student Award to be
given at the banquet. Other
awards will be the outstanding
businessperson, developing
entrepreneur of the year, busi-
ness of the year and a lifetime
achievement award.
Chamber officials will also
pay a courtesy call on the prime
minister that week as well.


INDEPENDENT AUDITORS' REPORT
To the Shareholders of Pictet Bank & Trust Limited


PrieaterhouseCoopers
Providence House
East Hill Street
P.O. Box N-3910
Nassau, Bahamas
Wcbsite: www.pwc.com
E-mail: pwcbs@bs.pwc.com
Telephone (242) 302-5300
Facsimile (242)302-5350


We have audited the accompanying consolidated balance sheet of Pictet Bank & Trust Limited (the Bank)
and its subsidiaries (together, the Group) as of 31 December 2007 and a summary of significant
accounting policies and other explanatory notes.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of this consolidated balance sheet in
accordance with International Financial Reporting Standards. This responsibility includes: designing,
implementing and maintaining internal control relevant to the preparation and fair presentation of
financial statements that are 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 consolidated balance sheet based on our audit. Except
as.discussed below, 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 balance sheet is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected, depend on the.auditors' judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditors consider internal control relevant to the entity's preparation
and fair presentation of the financial statements 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 entity's
internal control. An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of accounting estimates made by management, as well as evaluating the overall
presentation of the financial statements.

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

Basis for Qualified Opinion

Group policy did not permit us to verify loans and advances to non-affiliated customers of
CHF 172,782,461 (2006: CHF 181,408,527) and deposits from non-affiliated customers of
CHF 220,656,111 (2006: CHF 184,260,94) by direct confirmation, nor were we able to very these
balances by tive audit procedures.
Qualified 1O .
In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion
paragraph, the accompanying consolidated balance sheet presents fairly, in all material respects, the
financial position of the Group as of 31 December 2007, in accordance with International Financial
Reporting Standards.


Emphasis ofMatter


Without further qualifying our opinion, we emphasise that the accompanying consolidated balance sheet
does not comprise a complete set of financial statements in accordance with International Financial
Reporting Standards. Information on results of operations, cash flows and changes in equity is necessary
to obtain a complete understanding of the financial position, performance and changes in financial
position ofthe Group. /



Chartered Accountants
23 May 2008


NOTICE

IN THE ESTATE OF CAPTAIN AUDLEY
AUSWELL PATRICK RUSSELL late of
FREEPORT, GRAND BAHAMA one of the
Islands of the Commonwealth of The Bahamas,
deceased.

Notice is hereby given that all persons having
any claim or demand against the above Estate are
required to send their names, addresses and
particulars to the same certified in writing to the
undersigned on or before the 14th of July, C.E.,
2008 and if required, to prove such debts or claims,
or in default be excluded from any distribution; after
the above date the assets will be distributed having
regard only to the proved debts or claims of
which the Executors shall have had notice.
And Notice is hereby given that all persons
indebted to the said Estate are requested to make
full settlement on or before the aforementioned date.

Dated the 23rd day of May, C.E., 2008



MCDONALD & CO
Attorneys for the Executors
Chambers
Lex House, Settler's Way
Freeport, Grand Bahama, Bahamas


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