<%BANNER%>

DLOC



The Tribune
ALL ISSUES CITATION THUMBNAILS PAGE IMAGE ZOOMABLE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00084249/01050
 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 14, 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: UF00084249:01050

Full Text






THYOUR mom


IIIPS AHOY 1I
HIGH 88F
LOW 77F

SSUNNY AND
"' IT-STORM


The


Tribune


up all*ight
Mcoadsdwtw

dv-Ehui nwoe


BAHAAS EDITION
BAHAMAS EDITION


r


Volume: 104 No.169 SATURDAY, JUNE 14, 2008 PRICE 75c


a


IP


Official report had

been filed over

Kenyatta Gibsoq


A POLICE com-
plaint, which had
been filed against
Independent MP for
Kennedy, Kenyatta
Gibson, after he was
allegedly involved in
a row with a woman
companion outside
a home on the East-
ern Road, was with-
drawn late yester-
day.
While an official
report had been filed by rela-
tives of the woman, the woman
involved told The Tribune yes-
terday that the matter had been
"severely blown out of propor-
tion, and greatly exaggerated."


inst


Ky, ',
.. r ."
,w ';


Mr Gibson has
made headlines recent-
ly for his much-publi-
cised resignation from
the Progressive Liber-
al Party.
In addition, the MP
was recently involved
in a traffic accident
when his SUV blew a
tyre and veered off the
road on East Bay
Street.
The lawyer-politi-
cian suffered facial cuts as his
Ford Expedition crashed
through a chainlink fence near
basketball courts opposite
SEE page 10


ll iI AIhAIII IIUli


AINUK onlooKers complained to T he tribune yesterday about
the level of force used by two police officers to detain a young man
at a bus stop.
The incident reportedly began after a short, seemingly harmless
exchange between the two officers and the young man.
They said the man was not behaving in a disorderly manner
and was not violent. In their opinion the level of force used by the
officers was unnecessary.
The victim offered no resistance to the officers, other than trying
to get away, a witness said.
He said that in addition to members of the public, a number of
tourists were on the scene and were visibly upset by the incident.
One onlooker said he intends to report the matter to the com-
missioner of police for investigation.
Photo: Franklyn G'Ferguson


Motorists being
encouraged
to jump on a
jitney instead
of driving
* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
MOTORISTS are being,
encouraged to change their atti-
tudes to public transport by jump-
ing on a jitney instead of driving
to work.
The aim is to cut traffic con-
gestion, save fuel and get the
Nassau bus service up to scratch.
Hoping to restore public confi-
dence in public transport, a 100
Day Challenge was announced
yesterday by Minister of Works
Earl Deveaux, in conjunction
with the Road Traffic Depart-
ment and bus associations, the
United Transportation Company
and the Public Transport Asso-
ciation.
Starting on Monday and con-
tinuing over the next 100 days,
53 bus drivers will be challenged
to improve their levels of profes-
sionalism, courtesy and timeli-
ness, reduce their speed, clean up
their vehicles, stop at designated
locations and generally upgrade
the service they provide, in line
with the most common com-
plaints from bus users.
Their efforts will be assessed
by the public in questionnaires,
road traffic department staff and
SEE page nine


Homeless




woman is




beaten by




a stranger


* By MEGAN REYNOLDS
Tribune Staff Reporter


'I" I: A HOMELESS woImn who
sleeps at the Paradise Isl;,
bridge bus stop inll Nassa I Vt
severely beaten by a stranger ol
SThursday night.
Sophie Farrington, 41, has been
living on the streets I'r months
while waiting for social services to
provide her with housing, she
said.
,* ,~ s Meanwhile. the bus shelt.cr
where tourists and hotel worker's
wait for buses and taxis to Pl has1
become h6r home.
When she woke uip during the
night on Thursday, she felt two
blows to the head as she was
bending down to get something
out of her bag.
N "It was like two shots, I didn't
know what had happened,"' she
said.
t "When I tried to get up and
_. SEE page nine
SMother is
acquitted of
Political parties and leaders 'received no husband's
money from Ninety in election campaign'


* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
LEADERS of both the PLP
and FNM have declared publicly
that neither they, nor their par-
ties, received any money from
convicted drug lord Samuel
'Ninety' Knowles during the last
election campaign.
The Bahamian public received
a brief look into the shady world
of campaign contributions to
SEE page nine

Man charged
with murder
* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT A 28-year-old
Freeport man has been charged
with the murder of a man who
was gunned down on Monday in
the Watkins Lane area.
Lamont Cecil McPhee, of 25
Tasman Close, appeared before
Acting Deputy Chief Magistrate
Helen Jones yesterday. He was
not required to plead.
It is alleged that on June 9,
McPhee intentionally caused the
death of Albert Ellis, also known
as Abby, by unlawful harm.
Ellis, 39, of Watkins Lane, was
SEE page nine


11mur Ue.
A MOTHIER of live was
acquitted of murder yesterday in
the blud_' ni death iof hel r hl s-
band.
A jury found Kayla ;i llpirn.
37, of Flamingo (;Gardien guilty of the April 21. 2004. mur-
der of Leo Roger I Ifeptuii -I li
husband of 15 years.
The week-long trial took pltaci
before Justice Stephenl s;i;,.s,.
Anthony Delancy w;as lc;id
prosecutor for the Crownl hit,
attorney Murrio Ducill: rleprl-
sented Hepburn.
SEE page 10
Bank will have to
pay govt extra $6.8m
this fiscal ~('1rl
* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
BANKS will have to pay lh:
government an extra $6.X :1 ,,
in-additional fees this fi',cal ;ir.
according to figures released i\
Prime Minister Hubelrt Ingrahan).
In the prime ministers initial
budget presentation, he said fcct
will be increased for banks, hut
did not say the ariount which
banks were to be included.
The Royal Bank of (.'mnail;i'
fees will now go up from I I ),"
a year to $1.750.000: Flirs,,
SEE page 10


+


A ***., .
1-7. t A A A ; *; .,. ,A 'p


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


US Navy
Commander
gives farewell
statement
E By TANEKA
THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
IN HIS farewell statement,
Navy Commander of the US
Southern Command Admiral
James Stavridis said over-
coming the region's challenges
to security, stability and pros-
perity requires co-operative
solutions by regional stake-
holders.
The admiral noted that the
SEE page 10








PAGE 2, SATURDAY, JUNE 14, 2008


U


McAlpine: Graduation is not a 'free pass'

* By DENISE MAYCOCK said. is an education, (and) one ought He encouraged the graduates
Tribune Freport Under the theme "A New not to stop learning or teach- not be discouraged by the obsta-
Beginning," graduates for the ing," he said. cles or "curve balls" that they
Reporter last time sat centre stage on the Senator McAlpine said that will encounter on their journey it
dmaycock@tribunemedia.net basketball court as school while some graduates will be in life.
seniors, surrounded by parents, able to go to college, others will Valedictorian and head boy -
FREEPORT Senator Rev teachers and senior education not, but they should not let that Alfred Lewis received several "
iSi- A - riffi:1k drater thm fr a,- : 4s n n.fhid i nl r.ir;na Mn o,. 1' u


Frederick McAlplne told the
graduates of the Class of 2008
at Jack Hayward High that grad-
uation is not a "free pass" to be
complacent or irresponsible as
they travel the road to social
maturity.
Rev McAlpine delivered the
keynote address to 148 graduat-
ing seniors in the school's gym-
nasium on Thursday. He said
graduation is not the end, but
rather the beginning of their
journey through life.
"Many graduates, here today
and throughout this country,
sense that graduation means it's
over, actually, it's just begun. Far
too many graduates, knowing or
unknowingly, conclude it's the
end, it's just the beginning," he


OJLUL'IcIa.
Also in attendance were assis-
tant education director Cecil
Thompson, and district school
superintendent Hezekiah Dean,
who assisted in the conferring
of diplomas.
Minister of State for Finance
Zhivargo Lamg, MP for Marco
City, who is in Europe on busi-
ness, could not attend, but sent
his congratulations to the grad-
uates.
Rev McAlpine urged gradu-
ates to stay away from negative
influences and criminal activity.
He advised them to be patient
and to set themselves goals and
objectives which are attainable.
He said that education does
not stop after graduation. "Life


ueerL L emI romll l ull suIg ul
goals and bettering themselves.
"You know what is assassi-
nating us. Too many young folks
are graduating without ambition.
Make something of yourself,"
he told the graduates.
He also pointed out-that dis-
cipline is lacking in the country,
and that there is a need for dis-
ciplined men and women in the
society.
Rev McAlpine, who was the
youngest ordained minister in
the Bahamas and the Turks and
Caicos, said that academic qual-
ifications can get one across the
threshold of success, but it is a
person's attitude which deter-
mines whether or not they'will
truly achieve success.


awarua, IllncUUllg IVJJL n VoUL-
standing Student for 2007/2008
with highest GPA, the Princi-
pal's Award, and Head Boy
Award.
He was also presented with
the Most Outstanding Student
Award by Marco City MP
Zhivargo.
Salutatorian and head girl
Antonia Carey also received a
few awards, including the Acad-
emic Award, District Superin-
tendent Award, and Head Girl
Award.
Other students awarded were
Randea Rose for Most
Improved Student Award by
Marco City MP Zhivargo Laing.
The Vice-Principal Award went
to Vaughn Woodside.


THE deadly lionfish,
which is becoming increas-
ingly common in Bahamian
waters, could become a
food resource, it is claimed.
The colorful predator,
known for its painful sting
and flowing spines, is now
,be.i touted as a dinner-'
Time delicacy.
~.' OiVednesday, June 25,
,'a p b lc demonstration of
'bovf' Ldress and cook lion-
:ish'w) be held at The
Retial, Village Road,.Nas-
sau.n,'
* Clf Alexander Maillis
'jill Zw how the terror of
'.A4d& s can be transformed
'IhJin Asian-style culinary
delight.
The demonstration will
be part of a Bahamas
National Trust event cover-
ing the natural history of
lionfish and their unexpect-


ed arrival in the Bahamas.
Lakeshia Anderson, from
the Department of Marine
Resources, will talk about
the origins of the species
and its effect on other
marine life.
Divers and snorkellers
have been spitting increas-
ing numbers of lionfish.
around New Providence's
shores.
The fish come in various
colours, but are noticeable
because of their flowing but
dangerous spines.
They are not indigenous
to the Bahamas, but are
thought by some marine
experts to have come from
aquariums in Florida.
Another theory is that
they have been washed into
the Bahamas by hurricanes.
Lionfish are common in
the PacifieOcean.


First town meeting for TFV planned


THE Financial Voice (TFV)
- a new platform for public
education and expression will
hold its first town meeting at
the Wyndham Nassau Resort
on Wednesday, June 48, 8pm
with a non-partisan review of
the proposed 2008/2009 Bud-
get as its first subject for dis-
cussion.
Noted "You and Your Mon-
ey" television show host, Jef-
frey Lloyd will host the pro-
gramme.
Organisers consider a public
review of the budget to be an
appropriate and exciting topic
as the government's submission
has been touted by many as the
most visionary budget in recent
times while others are criticising
it, as being "a day late and a
dollar short."
Speakers for the evening will
include chartered accountant
and president of Colina Gen-
eral Lynden Nairn; president
of CFAL Anthony Ferguson;
Frank Comito, executive vice-
president of the Bahamas Hotel
Association; Rupert .Pinder,
economist, and Eric'Carey,
executive director of the


PRESIDENT of Colina General Insurance Agency Lynden Nairn and
president of the Counsellors Joan Albury. "


Bahamas National Trust.
They will address the poten-
tial impact of the new budget
on such areas of the economy
as tourism and hospitality,
financial services, the environ-
ment and consumer issues.
This new community service
initiative is a production of the
Counsellors, sponsored in part
Sby CFAL, Baha Mar Resorts


and Sun Oil Limited.
The objectives of the Finan-
cial Voice are generally to stim-
ulate dialogue with and among
members of the general public
on the state of the economy, to
have financial issues placed in
perspective by the brightest
minds in the relevant areas.
The TFV also undertakes to
explain the implications of and


the potential impact of such
issues on the lives of Bahamians
of all walks of life and econom-
ic engagement.
Government officials have
said that the proposed new bud-
get is particularly geared toward
providing relief and assistance
to low-income Bahamians and
those continuing to be adverse-
ly affected by the rising cost of
living in the country.
Others have expressed the
view that the benefits being pro-
moted are just a transference
of government funds.
The tax breaks, according to
officials, will include new bene-
fits for homeowners, conces-
sions relating to Nassau and
Family Island development,
increases in allocations for the
police and social services, stamp
tax eliminations on imported
food items, as well as pay raises
for public officers, among other
critical issues.
Next Wednesday's TFV pro-
gramme will be the first in a
series of presentations dealing
specifically with economic issues
affecting Bahamians and our
Caribbean neighbours.


I




A NEW Patio
set would I
ook good
with the
NEW grill


C
m
Of course you
cant have a new
TV without a
SriNEW



IM ncllner I
.amy


rLCLES


Deadly fish


could become


delicacy


Sen. The Hon. Dr. Jacinta Hi


Happy Father's Day;


to..



All Fathers,'


especially fathers the


Fox Hill Constituency




-I.~: '-. '*.


PAGE 2, SATURDAY, JUNE 14, 2008


THE TRIBUNE
T









THE TRIBUNE


SATURDAY, JUNE 14, 2008, PAGE 3


o In brief Killings that captured nation's attention


Court news
A 31-YEAR-OLD man of
Elizabeth Estates accused of
stealing over $50,000 from CLI-
CO by reason of employment
was arraigned in the Magistrate's
Court yesterday.
According to court dockets,
Caleb Ferguson, 31, of Elizabeth
Estates stole a total of $50,278.59
between March 30 and May 29
from CLICO Bahamas Limited,
situated at Mount Royal Avenue,
where he was employed.
It is alleged that Ferguson stole
as much as $8,414 on May 28.
Ferguson who appeared
before Magistrate Linda Virgill
at Court Nine, Nassau Street,
pleaded not guilty to 30 counts of
stealing from the insurance firm.
Ferguson was granted bail in the
sum of $25,000 with two sureties.
The case has been adjourned to
October 9 and 10.

A 23-year-old man was
arraigned in the Magistrate's
Court yesterday on the charge
of attempted murder.
It is alleged that Aaron Scott
Lindsey of Kemp Road and Vic-
toria Boulevard attempted to
cause the death of Jerome Smith
Jr on June 5.
Lindsey, who appeared before
Magistrate Linda Virgill at Court
9 Nassau Street, was not required
to plead to the charge and was
granted bail in the sum of
$20,000. He was ordered to sur-
render his passport and a status
hearing is set for June 19.

TWO men, both aged 18,,
were arraigned in the Magis-
trate's Court Nine yesterday on
rape charges.
It is alleged that Rashanda
Gibson of Alexander Boulevard
and Jeremy Rolle of Sunrise
Way raped a 18-year-old woman
on Saturday, May 3, of this year.
The two men, who appeared
before Magistrate Linda Virgill,
pleaded not guilty to the charge.
The magistrate ruled that the
$5,000 police bail, which the two
men are currently on, is to con-
tinue. The matter has been
adjourned to Monday for a status
hearing.


Mer1ill[e\,,FungiEi.e,
P est ControlI
TppialExei/ natops


* SPECIAL REPORT

THERE have been 31 murders
this year, but thus far four in par-
ticular have been obsessed about
in the media and by the general
public, as speculation increases
that there may be a killer targeting
members of the gay community.
Police have stayed far away
from making any connection
between the deaths of Marvin
Wilson, well-known AIDS activist
Wellington Adderley, and the
unsolved slaying of Harl Taylor
and Dr Thaddeus McDonald.
With stories of murders becom-
ing commonplace in the Bahamas,
it is almost difficult to think of
how any one crime could com-
mand the attention of the nation
for any sustained period of time.
But one tragic incident in the
summer of 1984 did just that. It is
one of very few killings still spo-
ken of today as if it happened in
the last news cycle.
And while it is hard to imagine
the Bahamas having to deal with
anything more frightening than a
possible serial killer, these islands,
on August 6 of that year, had to
come to grips with the reality that
a 19-year-old son of the soil who
believed that he was having con-
versations with Lucifer killed
his father, mother, two sisters and
brother, and then dismembered
and attempted to burn their bod-
ies in the family's car.
Many who still remember, dri-
ve through the quiet neighbor-
hood of Danottage Estates point-
ing out the house where Kevin
Hanna once lived with his father
Percy, mother Vernice, 16-year-
old brother Perry and sisters
Michelle, 15, and Camille, 8.
In his police confession, Kevin
admitted to shooting his father,
and chopping off his hands and
legs so that he could fit the body
into the family car.
He also confessed to using a
wheelbarrow to load the dead
bodies of his mother, brother and
two sisters into the trunk.
The charred remains of the
Hanna family were found in a
Chevrolet Malibu Classic in the
bushes near a dirt trail, just off
Gladstone Road.
Pathologist Dr Kanniganti Sub-
ramanyam would be given, days
later, six boxes which contained
"the parts of five people".
Dr Subramanyam determined
that Perry and Michelle both died
from a fatal injury to the head.
This was based on his recovery of
shotgun pellets from their cranial


V




L


KEVIN PATRICK HANNA, at age 19, being taken to court for the killing
of his father, mother, brother and sisters in 1984.


cavities.
Percy's cause of death could
not be determined in view of the
fact that his sku' nd most of his
other body parts were not intact.
The same was the case for the
youngest sibling, Camille.
Vemice's death was caused by a,
heavy metallic object with a sharp
cutting edge.
Inspector -Douglas Hanna was
the one to take Kevin to the Crim-
inal Investigation Department,
where he spoke with an emotion-
less young man.
Kevin failed to show emotion
even when he was told by the offi-
cer that he was being charged with
the murder of his family. The,
inspector then began reading the
names of each of the family mem-
bers to him.

Expression

It was only when the inspector
read his mother's name that Kevin
showed any expression and hung
his head down.
"At that time I tried to look in
his face. His eyes looked differ-
ent. The eyes appeared to be
watery. I tried to see if it was tears.
I didn't see any coming down his
face," Inspector Hanna said.
At that time Kevin only admit-
ted to shooting his father and
accused his father of killing his
mother, two sisters and brother.
However, as the trial began, a
darker truth soon emerged
through a psychological evalua-
tion of Kevin.
Kevin's team was made up of
Philip "Brave" Davis and Thomas
Evans. The case was prosecuted
by then solicitor general (now


chief justice) Burton Hall.
Mr Evans, in a recent interview
with The Tribune, described
Kevin as a person who had "very
serious mental disturbances".
"One of the things that caused
me to realise that he had that was
the very first conversation I had
with him. This was the day the
bodies were first discovered. The
police had just told him what had
happened and I did not detect any
reaction from him at all and my
thinking was, 'this is thoroughly
incongruent, a person faced with
this kind of news would react in
some kind of fashion'," he said.
The court heard in September
of 1985 that the spark that set off
the savage acts by the 19-year-old
was a communication he believed
he was receiving from the 'devil
himself.
Dr Michael Neville told a jury
that in Kevin's court-ordered psy-
chological evaluation, the young
man said he believed that Satan
had instructed him to slaughter
his family so that he could obtain
power enough to take over the
Bahamas.
The killing of his family was to
be the first step in the work that
he-would have to carry out.
"His delusion was that he had
to do this work for Satan and as
such he went through this bizarre
attempt of disposing of the bodies
by chopping and incinerating
them and cleaning up the house to
avid detection," said Dr Neville.
Dr Neville diagnosed Kevin as
suffering form a severe case of
schizophrenia.
The doctor also told the court
that Kevin admitted to killing his
family, including his father.
Kevin confessed to Dr Neville


that since he believed this was
only the first step in the work he
would have to carry out for Satan.
he disposed of the bodies by chop-
ping and incinerating them and
cleaning the house afterwards to
avoid detection.
Dr Neville said Kevin suffered
from grandiose and paranoid
delusions.
At the end of the six-day trial,
Kevin exchanged glances with his
lawyer as, after nearly two and a
half hours of deliberation, the-
jury's verdict was read.

Jury
The jury found Kevin not guilty
of murdering his father, mother,
brother and two sisters, but they
found him unanimously guilty of
manslaughter by "reason of
diminished responsibility."*
Then Chief Justice Telford
Georges said that he has no doubt
that Kevin was dangerous, more
so because he did not appear to
be.
"The fact of the matter is I have
no doubt in my mind from the
evidence of Dr Michael Neville
that the accused is dangerous.
"This passive state could
explode into a catatonic state of
violence like before," the Mr
Georges said.
Kevin was sentenced to five life


sentences at Her Majesty's Prison,
Fox Hill, all to run concurrently.
Mr Evans admitted that
while the defence could have
made an insanity plea, they chose
not to.
"Insanity, if it were successful,
,would lead to an order where he
would be detained at a mental
institution at Her Majesty's plea-
sure.
"I personally did not think that
this was the best for my client. It
was on the basis of that I made
the decision to offer a defence of
diminished responsibility which
would lead to a verdict of
manslaughter rather than murder,
and rather than have him detained
at Sandilands where there is no
security, it would have been best
to have him in her Majesty's
Prison," he said.
It has been over 20 years since
Kevin was tried, convicted and
sentenced, and because life in
prison does not.mean a person's
"natural life" it could be possible
that Kevin will be a free man
sometime soon.
However, Mr Evans does not
believe that his former client's
release will occur anytime in the
near future, if at all.
"I think the authorities are ful-
ly aware of his psychiatric condi-
tion and I don't think it would be
prudent for them to release him at
all," he said.


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


VILLAGE
--A+ AT -+--
ATLANTIS


For more information, visit Atlantis.com


VERSACE



SUMMER SALE



BRAND NEW ARRIVALS20% off

*Versace Boutique Crystal Court, Atlantis


*Versace Jeans Couture Marina Village

20%-50% off

DON'T FORGET FATHER'S DAY JUNE 15TH 2008


. .L
...... ......


--~- --- -1


-~ --, II I


%-rAL








PAGE 4, SATURDYLJUNER14,O208HTHEDTRIBUN


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


Bad cow disease in the packing house


"Mary had a little lamb / And when she
saw it sicken / She shipped it off to Packing-
town / And now it's labelled chicken."
That little ditty famously summarized the
message of "The Jungle," Upton Sinclair's
1906 expos of conditions in America's meat-
packing industry. Sinclair's muckraking helped
Theodore Roosevelt pass the Pure Food and
Drug Act and the Meat Inspection Act- and
for most of the next century, Americans trust-
ed government inspectors to keep their food
safe.
Lately, however, there always seems to be at
least one food-safety crisis in the headlines
- tainted spinach, poisonous peanut butter
and, currently, the attack of the killer toma-
toes. The declining credibility of U.S. food
regulation has even led to a foreign-policy cri-
sis: there have been mass demonstrations in
South Korea protesting the pro-American
prime minister's decision to allow imports of
U.S. beef, banned after mad cow disease was
detected in 2003.
How did America find itself back in The
Jungle?
It started with ideology. Hard-core Ameri-
can conservatives have long idealized the Gild-
ed Age, regarding everything that followed
- not just the New Deal, but even the Pro-
gressive Era as a great diversion from the
true path of capitalism.
Thus, when Grover Norquist, the anti-tax
advocate, was asked about his ultimate goal,
he replied that he wanted a restoration of the
way America was "up until Teddy Roosevelt,
when the socialists took over. The income tax,
the death tax, regulation, all that."
The late Milton Friedman agreed, calling
for the abolition of the Food and Drug Admin-
istration. It was unnecessary, he argued: pri-
vate companies would avoid taking risks with
public health to safeguard their reputations
and to avoid damaging class-action lawsuits.
(Friedman, unlike almost every other conser-
vative I can think of, viewed lawyers as the
guardians of free-market capitalism).
Such hard-core opponents of regulation
were once part of the political fringe, but with
the rise of modern movement conservatism
they moved into the corridors of power. They
never had enough votes to abolish the FDA or
eliminate meat inspections, but they could
and did set about making the agencies charged
with ensuring food safety ineffective.
They did this in part by simply denying
these agencies enough resources to do the
job. For example,, the work of the FDA has
become vastly more complex over time thanks
to the combination of scientific advances and
globalization. Yet the agency has a substan-


tially smaller work force now than it did in
1994, the year Republicans took over Con-
gress.
Perhaps even more important, however,
was the systematic appointment of foxes to
guard henhouses.
Thus, when mad cow disease was detected
in the U.S. in 2003, the Department of Agri-
culture was headed by Ann M. Veneman, a
former food-industry lobbyist. And the depart-
ment's response to the crisis which amount-
ed to consistently downplaying the threat and
rejecting calls for more extensive testing -
seemed driven by the industry's agenda.
One amazing decision came in 2004, when a
Kansas producer asked for permission to test
its own cows, so that it could resume exports to
Japan. You might have expected the Bush
administration to applaud this example of self-
regulation. But permission was denied,
because other beef producers feared consumer
demands that they follow suit.
When push comes to shove, it seems, the
imperatives of crony capitalism trump pro-
fessed faith in free markets.
Eventually, the department did expand its
testing, and at this point most countries that
initially banned U.S. beef have allowed it back
into their markets. But the South Koreans
still don't trust us. And while some of that
distrust may be irrational the' beef issue
has become entangled with questions of Kore-
an national pride, which has been insulted by
clumsy American diplomacy it's hard to
blame them.
The ironic thing is that the Agriculture
Department's deference to the beef industry
actually ended up backfiring: because potential
foreign buyers didn't trust our safety mea-
sures, beef producers spent years excluded
from their most important overseas markets.
But then, the same thing can be said of oth-
er cases in which the administration stood in
the way of effective regulation. Most notably,
the administration's refusal to countenance
any restraints on predatory lending helped
prepare the ground for the subprime crisis,
which has cost the financial industry far more
than it ever made on overpriced loans.
The moral of this story is that failure to reg-
ulate effectively isn't just bad for consumers,
it's bad for business.
And in the case of food, what we need to do
now for the sake of both our health and our
export markets is to go back to the way it
was after Teddy Roosevelt, when the Socialists
took over. It's time to get back to the business
of ensuring that American food is safe.
(This article was written by Paul Krugman -
c.2008 New York Times News Service).


ew rates


of


duties


on vehicles


EDITOR, The Tribune.

AS IF they haven't done
enough, already, to crush poor
Bahamians, now they are
doing it to them again -
screwing them royally that is.
Consider the following infor-
mation carefully, then tell,
who is being screwed and who
you believe is benefiting.
Customs duty rates on "pas-
senger transporting vehicles"
(cars and buses) are now as
.follows:
Buses 52 per cent, ie duty
45 per cent plus stamp tax 7
per cent.
Cars up to $10,000 land-
ed value -52 per cent ie duty
45 per cent plus stamp tax 7
per cent.
Cars -$10,000 to $20,000
landed value -57 per cent ie
duty 50 per cent plus stamp
tax 7 per cent.
Cars $20,000 to $25,000
landed value-72 per cent ie
duty 65 per cent plus stamp
tax 7 per cent.
Cars $25,000 and over,
landed value-82 per cent ie
duty 75 per cent plus stamp
tax.7 per cent.
In the new FNM budget,
now being railroaded through
parliament, Ingraham and his
government are proposing, I
am told, to eliminate the
above graduating rate cate-
gories in favour of a single flat
rate of 65 per cent across the
board, which will include, both
the duty and stamp tax, com-
bined, on the mentioned vehi-
cles. This to become effective
July 1, 2008. I submit that the
only category of persons to
benefit, the most, from this
"brilliant" zing dinger of a
move by Ingraham and his
government are the upper
middle and rich classes, leav-
ing the poor working class
Bahamian families to pay and
make up the revenue losses
which will occur when this
government eliminates the 72
per cent and 82 per cent cate-
gories. Permit me to explain
by citing the .example, which
follows:
A person who purchases a
car and imports it into the
Bahamas for, say, $9,500 will
pay duty, now, at the rate
mentioned above for that val-
ue category of 45 per cent plus
7 per cent, or a total of $4,940.
When that same person,
would have brought that same
car to the Bahamas after July
1st he would have to pay cus-
toms duty at Ingraham's new,
"look out for the poor" rate of
65 per cent or $6,175. Clearly


"this, across the board rate will
not favour working class
Bahamian families in the least,
and please do the math; it will
cost this person $1,235 more
to import this same vehicle
after July 1st under Ingra-
ham's new "help the poor"
budget. Conversely, if Hubert
Ingraham, Brent Symonette
or Zhivargo Laing imported
a Cadillac car valued, say, at
$50,000 before July 1st, they
will pay customs duty at the,
now, rate of 82 per cent or
total duty of $41,000. If either
of them would to wait and
import that same Cadillac
after July 1st they would pay
duty at Ingraham's new "look
out for the poor" rate of 65
per cent or $32,500 and save a
whopping $8,500. Yes, my
friends, the new Ingraham
budget will, after July 1st,


penalise the poor man, who '
desperately needs only trans-
portation to get to and from;
work, or to look for work, and
make him pay an additional i
$1235, while at the same time q
facilitating people like Ingra- ri
ham, Laing and Brent Symon-'
nette to save $8500 on their
luxury Cadillac which they '
wouldn't need because they '
are chauffeur-driven to work
at the taxpayers' expense.
Reasonable people would
agree that the 2 per cent i
stamp tax removed from cer- I
tain breadbasket items would "
not impact the reduction of"
the cost of those items in the "
various food stores, in any
meaningful way and anyone ,
who believes and purports,,,
otherwise is a damn fool. The
budget is a farce; take it from i
the PLP. That's my view. rj


FORRESTER J
CARROLL JP
Freeport,
Grand Bahama,
June 10, 2008.


Foodstore bills'
rl
EDITOR, The Tribune. :
IT'S heartening to see that our foodstores will be passing on the ;q
benefits of the government's price-cutting initiatives to hard-i;;
pressed customers. 8
May I make another suggestion, as they are evidently feeling so
smug about it? Why don't they adjust their computerised tills so that'T
prices recorded on the bill actually match the labels on the shelves? "
Several times in recent months, my wife and I have stood ourl'
ground at the tills at Super Value at Cable Beach to ensure that we"
pay exactly what the shelf labels say, ,d
If an item is offered at a special rate of 79 cents, I will keep a 1
queue waiting 1ll day to ensure that's the price recorded on my bill. 1
When it comes up $1.29, I point out the discrepancy and refuse to,,
pay. rlI
The assistants struggle to be patient, but I don't give a damn. q
When you're paying outrageous prices in the first place, it never
feels good to be swindled as well. M
Last week I challenged a bill of $44.50 because several items went
through the till at higher prices than those recorded on the shelves ,;
or the items themselves.
A manager had to be called to make the necessary adjustments, o
and lo and behold my bill was reduced to just over $38. .11
Never once, incidentally, has one of these till-shelf discrepancies
been in my favour, which leads me to draw some unfortunate con-rli
clusions. i
I urge every customer to watch items go through the till and make"
sure they match up with prices on the shelves or the items them-"
selves. If you snarl up the queue in the process, so be it!
You'll be saving money, and striking a blow for customers'
rights.
Cable Beach Shopper
Nassau,
June, 2008



Why can't we


debate the issues?


V


T g.'R Sweeting's



1 itA
Kn4&


Happy Fathers Day! June 15


All

Men's

Sandals
15%0OFF
excluding items
already on sale
Thursday, Friday
and Saturday
JUNE 12,13,14
ONLY!






1









Madeira Shopping Plaza 328-0703
Marathon Mall 393-6113
RND Plaza, Freeport 351-3274
All Major Credit Cards Accepted.


EDITOR, The Tribune.
I WISH to refer to the letter
published on Tuesday, June
10, 2008 by Mr John Morris,
and inquire why cannot we
debate issues and let the rev-
erend enjoy his retirement in
peace.
However, there are a few
points which should be made
to clarify this sordid matter.
1) It was Fox News' Hanni-
ty and Bill O'Reilly who
played ad nauseum some
quotes from a sermon deliv-
ered by the reverend shortly
after September 11, 2001, the
date of the plane crash into
the New York towers. The
sermon pointed to wrongs
committed by the government
over time which, in the rev-
erend's opinion, had incurred
God's wrath. He was not
alone in this view. A former
ambassador had previously
made mention of this.
Whether one agrees with the
statement or not, it is for the
religious community to com-
mit these faults to their
prayers.
2) It appears that Fox News'
personnel must not have
heard sermons by other Evan-
gelical preachers which are
similar. It is impossible for the
same sermon to have been
preached over and over again
even for one month, much less
a year or years as has been
suggested by some persons.
3) What the church should
have done was to send to


these scoffers copies of seri- Ii
ous sermons about the Holy r.
Ghost, Jesus' teachings and
about God which were deliv- l
ered by the same Minister.
4) Many people here who
were ardent Fox News fans
are disappointed with the net- I
work and have been "turned
off" by their mean tactics and
animosity. Their main purpose
was to choose the Democratic,:e
nominee to run against John
McCain. But that was not';
their prerogative.
5) As regards the Senator's
resignation from the church'
under "siege", here in Nassau
and The Bahamas, there have
been numerous "splits" in reli- .
gious denominations, includ- i
ing the Baptists, and even the n
Methodists. People have the ;
freedom to attend the church
of their choice (or no church"
at all). So it is with the Sena-`"
tor. We should accord him
that same courtesy.
6) Finally, in the political;
contests both here and.
abroad, why cannot there be ;
discussions of the relevant rl
political issues. Is it too much
to ask that we let the candi-
dates organise their own per-'
sonal lives and leave to them''
the decision as to which
chtirch he/she attends now or
in the future?

INTERESTED
BAHAMIAN
Nassau,
June 11, 2008.


PAGE 4, SATURDAY, JUNE 14, 2008


THE TRIBUNE









THETRBUE ALOCALY J N14EWSBI-ALEI


SIn brief


CCTV will

allow officers

to 'police more

effectively'
* By MATT MAURA
THE use of "21st century tech-
nology", including Closed Circuit
TV (CCTV) to monitor Bay Street
and its.surrounding areas, will allow
officers attached to the downtown
police station to police the area
more effectively as they will know
exactly where the "hot zones" are
at all times, Acting Commissioner
of Police Reginald Ferguson said.
Mr Ferguson said that the tech-
nology will also lead to "smart
policing" as officers will no longer
have to "come across criminal
activities unexpectedly."
"The use of CCTV will ensure
that officers approach situations
with an advanced plan- rather than
having to make on-the-spot deter-
minations as to approach methods.
"It will also allow officers
attached to the station to imple-
ment what is termed smart policing.
Therefore, I expect that we will see
improvements in areas such as
response times, customer service
and method of approach time will
be greatly reduced," he said.
Mr Ferguson said the plan is part
of his strategy of a "new" police
force and police officer.
"When I say a new police officer,
I do not mean that we must have
newly graduated police officers, but
more importantly, it means having
police officers who possess a new
way of thinking," he said.
Mr Ferguson said being a "new"
police officer means subscribing to
the core values of integrity, hon-
esty, professionalism, compassion,
respect and accountability.
"I make particular mention of
these attributes and value systems
because the tourism police station
has the specific mission of caring
for and ensuring the safety and
security of the millions of visitors
who come to our shores from all
parts of the world while, at the
same time, securing our very own
Bahamians," Mr Ferguson said.
Minister of National Security
Tommy Turnquest said the open-
ing of the police tourism station
speaks to the intention of all stake-
holders the police, the Bay Street
business community, straw vendors,
hotel owners and operators, and
all concerned Bahamians "to do
all that we can do to ensure the.
best experience for our visitors in
the core tourism sectors of New
Providence."
"We are all here of one mind,"
Mr Tumquest said.
"We fully understand that safety
and security are essential to the
economic and social well-being of
our country and all of the people in
it, including our valued visitors.
"We know that, over the years,
the situation has changed in the
Bahamas (and) so we are endeav-
ouring to ensure that our visitors
have no concerns as they enjoy our
premier historic business and eco-
nomic centre, Bay Street, and the
surrounding areas."

Bahamian

fathers to

be honoured

PROPHETIC Voices, a
group of dynamic young people
from various denominations are
coming together to honour some
special Bahamian fathers in a
pre-fathers day concert tonight.
The event is being held under
the patronage of Pastor Al Rah-
ming and Karen Rahming.
Canderia Gilbert, a member
of the group, said: "This year
the choir has seen lots of trials
and tribulations. The challenges
are all in the plan of God. The
group possesses people who are
talented, anointed and just gift-
ed."
Moika Rolle, former Ms
Gospel Bahamas, is in total
agreement.
She admonished patrons to
S"come with a mind worship and
you will receive a throne room
experience."
Alastor Marshall, said: "This
is the third year that we are pro-
ducing this concert and we
intend to remind God of his
promise, in his word. If you are
sick come to get healed, if you
are burdened down, come to be


set free."
When asked about the hon-
orees, Natereo Johnson, the
group's director said, "We have
had lots of persons who have
assisted us and it is these
men that we have chosen to
honour."
The concert will be held at
greater Chippingham Church of
God on Eden Street and will
begin at 7pm.

6()


Deputy PM advises against last




minute passport applications


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
ALL people needing new or
renewed passports for travel this
summer have been advised not
to apply "at the last minute" or
risk having their travel plans scup-
pered.
Minister of Foreign Affairs
Brent Symonette revealed that
there is a significant backlog at
his ministry in the issuance of
passports because of difficulties
with the newly launched e-pass-
port technology.
"Please don't leave it until the
last minute. I implore you to
allow sufficient time. Give the
office at least three weeks or so to
process it," he said during the
budget debate in the House of


Assembly yesterday.
The minister said that numer-
ous calls to him and his staff
"detailing inconveniences, frus-
trations and lost resources" from
members of the public going
through the e-passport process
has contributed to a realisation
that his ministry was "unrealis-
tic" in its expectations of how
quickly they could deal with
incoming applications.
"We are looking at producing
some 270,000 to 300,000 e-pass-
ports alone, with a staffing com-
plement of 45. We are also look-
ing at a complex, technically-dri-
ven process, plagued by equip-
ment break-downs and uneven
or snail pace connectivity.
"We also have to contend with
the cultural uniqueness of our
people," said the minister.


'Just Rush' to bring economic


boost to Grand Bahama


* By DENISE MAYCOCK
Tribune Freeport'
Reporter
dmaycock@tribunemedia.net

FREEPORT Qrand
Bahama can look forward to a
major economic boost this sum-
mer as plans for the "Just
Rush" junkanoo parade have
been finalised for Freeport.
Parade organiser Peter
Adderley, president of Creative
Works, said hundreds of per-
sons are expected to travel to
Freeport for the parade, which
will be held during the Bahamas
Independence holiday.
He said the parade is set for
July 12 at 6.30pm at Explorer's
Way, downtown Freeport,
where four major junkanoo
groups will compete for
$100,000 in cash prizes.
"I am pleased to announce
that plans have been finalised
for the 2nd Annual Just Rush
Parade, which will help to boost
the challenged Grand Bahama
economy," Mr Adderley said.
Competing this year are the
Saxons, Valley Boys, and the
defending champions Roots,
which are all out of New Provi-
dence, and the Swingers group
out of Freeport. Sting, a fifth
group from Nassau, has also
expressed interest to participate.
Mr Adderley stated that com-
peting groups are required to
have a minimum of 150 mem-
bers in order to qualify for cash
prizes.
"Most of the groups usually
average 300 members and that
is a whole lot of bodies that
need to eat, drink, and sleep
somewhere in Grand Bahama,"
he said


"We already know that hotel
rooms on the island will have
full occupancy, and ground
transportation, restaurants and
retail stores will also see an
increase as a result of the
parade."
Mr Adderley said that resi-
dents can expect a cultural
boost as well, as this year's
theme of "The Bahamas" was
selected in honour of the Inde-
pendence holiday.
"We expect that the groups
will depict our Bahamian way of
life, history, and the people of
the Bahamas in a splendid
way," he added.

Route
Parade organizers have made
some viewing improvements
along the parade route for
junkanoo fans. They have also
made seating tickets more
affordable.
Mr Adderley said tickets
range from $5 to $60 and will go
on sale two weeks before the
parade.
"One of the objectives is to
make junkanoo very affordable,
considering the challenged
economy on Grand Bahama.
"I realise that families with
children cannot afford top dol-
lar tickets, so that is why I made
provisions for $5 tickets, and I
have extended the standing
room on the parade route so
that those who cannot afford to
buy tickets can also view the
.parade," he explained.
Mr Adderley also noted that
an area has been allocated for
the disabled along the back strip
at the Post Office and the Sev-
enteen Mall. He said a vendor


booth has been donated to the
Disabled Council.
Mr Adderley assured that
prize money will be awarded as
always in a "timely manner" to
the winning groups.
"I know for a fact that groups
which participated in last year's
parade in June received prize
money before the end of July,
which is unprecedented.
"Junkanoo groups can be
assured with this parade that
they will be paid in a timely
manner," he said.
Mr Adderley said celebrity
judges will be named in the
coming weeks leading up to the
parade.
Persons interested in secur-
ing booths at the parade are
required to submit a $400 bank
draft payable to Creative Works
or Just Rush. The draft should
be taken to the reception area
of the Grand Bahama Port
Authority.
Booths are also available for
$300 on July 13 during
the results ceremony on the
beach:


However, he said that the min-
istry is redoubling its efforts to
satisfactorily serve the public in
this regard.
The pilot phase of the e-pass-
port programme was launched in
December 2007, and Mr
Symonette revealed that a
total of 5,382 new e-passports
were issued between January and
June.


This stage has provided the
ministry with an opportunity to
work through irregularities in
conjunction with the company
Indusa Global, which the gov-
ernment contracted to provide
the e-passport and e-identifica-
tion issuance systems, as well as
the Machine-Readable Visa Sys-
tem and Border Control Man-
agement System.


* By TANEKA THOMPSON
Tribune Staff Reporter ,
whyyouvex@tribunemedia.net
"I vex because I was stuck in traffic for over
and hour and a half on Shirley Street the oth-
er day because the government can't do any-
thing properly when it comes to digging up the
roads.
"They always blocking' up traffic and leaving ... .
big holes in the road when they finish' doing '
work. And when they put a sign saying 'work '
ahead' the sign is be right at the mouth of one big '~ '
crater. Dese road workers, or whoever gives them
instructions, need to learn sense. You can't inconvenience people like
that and then on top of everything leave big holes in the road to work
up my car!"
Renaldo M, Winton Estates.
"I vex at how stink and lazy dese gas attendants is, man! I already
spending over $50 to fill up my lil' buggy and denI have to wait some-
times 10,15 minutes for one lazy attendant to drag themselves over to
me and put gas in my tank.
"I wish we had more self-service stations over here so I wouldn't have
to deal with the lazy slack attitude of the people who act like dey ain
getting' pay to put gas in ya damn car!"
Carlos S, South Beach.
"Basically I am vex because it does not appear as though the politi-
cians are as serious as they should be in handling the affairs of the coun-
try. Everything appears to be more for joke for me, instead of being
more concerned for what is happening within the community and try-
ing to solve the (country's) problems in a sincere way (they) trying to
get brownie points as has been displayed in parliament this week dur-
ing the budget debate.
"I'm also vex because Bahamian politicians have no confidence in
Bahamian professionals",
Franklyn G Ferguson, photographer.
"I am vex and sick and tired of the low standards of customer ser-
vice within our country. I do not understand how someone who owns
a business cannot understand the importance of keeping their customers
happy. That means opening your store on time, keeping popular items
in stock and training employees on customer service.
"These people need to realise that I ain' ga waste my hard earned
money in no shop with no stink attitude lazy girl behind the, counter,"


- Patrice D, Danottage.


COMMONWEALTH

BREWERY LTD.











AD VERTISEMENT


ACCOUNTS



MANAGER



The successful candidate should
possess Bachelor's degree
in Accounting and CPA certified,
and a minimum of 5 years
experience.


Candidate will be required to
compile and analyze operational and
financial data to produce financial
r.eports.


All interested persons are asked to
fax resumes: to (242) 302-2939


Sen. The Hon. Elma Campbell


Minister of State for Immigration


wishes a


Happy Father's Day

to


All Fathers,


especially fathers of the


Elizabeth Constituency


THE TRIBUNE


SiAI UHUAY, JUNI 14, 2008, HAlbt b


'















Cumulative effects of large number of projects


* By JOHN HEDDEN


HE recent publication
of national economic
council approval of a swathe of
Abaco slated and ongoing pro-
jects indicates the Government
of the Bahamas (GOB) contin-
ued stressing of high end devel-
opments for economic fuel. Giv-
en the position of the Bahamas
in the world economy, and our
lack of alternate resources for
immediate development, this is
understandable. The fact is that
we are caught in a hospitality
industry spiral along with the
rest of our Caribbean neigh-
bours, inter CARICOM island
competition continues to accel-
erate. Considering that the mar-
ket preference for North Amer-
ican investment continues, the
island states are becoming
increasingly prepared to offer
more and more concessions in
order to attract foreign capital,
literally, to their shores. Terms of
the WTO mandate have put
paid to other Caribbean industry
exports such as bananas and sug-
ar. So this shift is also under-
standable, especially in the con-
text of finding jobs for approxi-
mately 5,000 high school gradu-
ates annually, just in the
Bahamas alone.
However, there comes a point
in time when the fiscal benefits
are countered by the social and
environmental costs accrued by
the cumulative effects of a large
number of projects. I often won-
der whether New Providence
has already reached the tipover
point. Public spaces around Nas-
sau are rapidly disappearing, as
are access routes to the sea
shores. Wetlands and creek sys-
tems are being converted into
marinas and high value property
developments, while channels
are being cut through the island
to allow access for the boaters,
salt water incursion, as well as
storms and hurricanes. Consid-
ering that the population of New
Providence is some 190,000
strong, the social implications
become more and more serious
with each new development.
Abaco has not reached this
point; but it is time the commu-
nity here begins to examine the
long teir, ramifications of such
projects. We may be able to
learn from ihe looming disaster
on New Providence. To illustrate
my thoughts, concerns, and sug-
gestions I will use the Snake Cay
development project as an exam-
ple.


The geographic location of
Snake Cay makes it part of a
complex pattern of creeks, wet-
lands and small islands stretching
from Witch Point down to
Spencers Bight and Wilson City.
This area undoubtedly provides
a physical barrier along a por-
tion of the Eastern Abaco coast-
line protecting the island interi-
or from seasonal storms and
hurricanes. It provides an exten-
sive nursery area for commer-
cially exploited marine species,
drainage and run off for the
fresh water resources of this por-
tion of Abaco, and a valuable
halocline for protection of the
aquifer behind. Biologically
there exists an interdependence
between the physical environ-
ment and the species that inhab-
it it.
Historically some 50 to 60
years ago Owens Illinois devel-
oped the area for export of for-
est product, and later, sugar
products until the operation's
demise in the early 70's, and fol-
lowed by the government of the
Bahamas (GOB) purchase. The
development entailed construc-
tion of a causeway across the
mangroves and shallow wading
waters from the Abaco main-
land to Tuggy cay and onto
Snake cay. The eastern area of
Snake Cay was buttressed and
filled with spoil to make a dock
with deep water for barge load-
ing.
Tugs were used to move the
barges out into deeper water for
transport behind ocean going
tugboats to the United States of
America. After the closure of
the sugar operation Snake Cay
has been and is used for both
landing and export of product
by local enterprises, rock import-
ed from
Grand Bahama, cucumbers
exported to the United States,
and storage and landing of inter-
national shipping and heavy
equipment, as well as large loads
to the cays.
.. . "
hQck and borders are
use extensively for
fishing, but the infrastructure
over the years has fallen into dis-
repair since its purchase by GOB


in the mid-1970's. The extensive
staff housing subdivision has
now fallen down, and is present-
ly occupied by squatters. Just
over a mile inland GOB has con-
structed a modern "ecologically
sound" landfill designed to
accommodate all of Abaco's
garbage, and allow its decompo-
sition into organic manure and
harmless waste products; haz-
ardous waste to be disposed of
through export.
A brief synopsis of the Snake
Cay Limited Angel Cay's devel-
opment follows.:
The Snake Cay project claims
to provide a necessary function
by providing 'a high end resort,
with an ecological principle'; 'a-
premier hotel, marina village,
health club, spa, and recreation-
al facilities, to both local resi-
dents and visitors alike'. The
proposal is to restore the valu-
able ecosystem by removal of
the industrial waste and replac-
ing it with the above project,
thus restoring the lost ecologi-
cal balance. Further the plans
are to eventually acquire both
Tuggy and Bunks cays, dredge
the flats over to Snake Cay, and
replace the existing causeway
with a bridge; thus restoring the
natural water flow through the
creek system. A public launch
ramp will be placed on Tuggy
cay. Furthermore the project is
lobbying hard to have the pre-
sent unopened landfill moved to
either the hills to the east of the
airport behind Caribbean Con-
structors and adjacent to the Hil-
land Albury 'harbour facilities';
or to the east of the Spring City
highway, in the hills. The Snake
cay project will provide perma-
nent employment for approxi-
mately 150 'operations' persons.
Now the concerns come clear-
ly into view; and I will list some
of them.
Infrastructure and utilities
provisions


YOUR SAY


BAPTIST BIBLE CHURCH
SOLDIER ROAD & OLD TRAIL


Sunday School: 10am FUNDAMENTAL
Preaching 1am& 7:30pm EVANGELISTIC
Radio Bible Hour:
Sunday 6pm ZNS 2 Pasbor.H Mils
Wed. Prayer & Praise 7-30pm-

"Preaching the Bible as is, to men as they are"
Pastor: H. Mills Phone: 3'J3-C563 Box N-3622


labour sources and accom-
modation
landfill move and short and
long term effects
Purchase of Tuggy and
Bunks cays
Loss of a deep water public
dock
Environmental concerns.
Infrastructural concerns are
obvious, especially with consid-
eration for electrical demand
and telephone service. Presum-
ably waste and potable water
management will be the respon-
sibility of the project.
However is GOB going to
insist on marine pump out sta-
tions and waste treatment plants
to provide an organic end prod-
uct harmless to the surrounding
ecosystem?
Labour and its sources are
another concern. Labour will to
a large extent have to come from
other islands. Where will staff
be accommodated, and how will
an already overburdened utility
system perform? Will Abaco be
able to provide the increased
demand for this and other pro-
jects?
The landfill location in the
triangle of Snake cay access
roads is probably the best choice
of site for the worst scenario of
any other alternative. It is high
above surges, and provides for
future cell additions as the pre-
sent ones are filled. It is techni-
cally innovative and out of
immediate sight. The impend-
ing opening will bring a large
sigh of fresh air relief for the
Central Pine residents. If the
project sees this landfill as such a
cosmetic blight, then perhaps the
solution will be to reroute the
road to Snake Cay through the
forest to the north, at the same
time planning for the expansion
of Marsh Harbour to the south?
In my mind the relocation of the
landfill should simply be 'Not An
option'.
The purchase of Tuggy and
Bunks cays, being critical for the
future of the project is quite
transparent and obvious when a
little thought is given. Dredging
between them and Snake Cay
will provide the materials and
spoils to create a bridged water-


way bordered by high value
canal side properties with a pro-
tected permanent accommoda-
tion for yachts.
Perhaps one of the most seri-
ous considerations for Snake cay
is the loss of the deep water
landing for shipping, this area
being frequently used for nation-
al transport of materials and
equipment. A decision was made
some years ago to keep the port
of entry in Marsh Harbour, and
the new facilities were put in
place. There will come a time,
perhaps quite shortly, when the
present facilities become over-
burdened and new facilities need
to be put in place. Snake Cay to
my mind is an ideal location.
The last concern is perhaps
the most critical, and environ-
mental welfare and protection
must be kept uppermost in the
project implementation, because
damage will become irreversible
if it occurs.
The environmental state-
ments made by the developers
must be considered and the
intentions discussed and
analysed before any implemen-
tation is allowed.
The GOB has a difficult task.
Is it is going to keep its word to
the public about environmental
welfare, protection, future gen-
erations of Bahamians, and
physical barrier maintainance
for storm mitigation? It is time
for organizations such as the
BNT, Nature Conservancy,
BREEF, and Friends of the
Environment (FOE) to be con-
sulted and involved in the deci-
sion making processes well
before any environmental
impact assessment is produced.
BEST certainly has a role to
play, but should not be an ulti-
mate recommending authority.
It is interesting to note how
many of its officers migrate over
to employment with the very
organizations that are being
monitored.
With the Snake cay project,
areas that need to be considered
include protection from silting
during construction and ongo-
ing motor boat operations. The
dredging and creation of a deep
water channel behind Snake cay
and its long term impact has a
major implication for the creek's
ecosystem. The bridge in my
mind is a neutral point, the area
between the cays was made up
of shallow flats before the cause-


R! )

Orant'a ToD n We0te\p 1etfbioft: ,- N
(Baliou HM Rd 8 Chapel Stret) P.OAO6 X .+d6:W i "
The Holy Ghost Prayer-Line number is 326-7427
(www.gtwesley.org)
SUNDAY,JUNE 15TH, 2008.


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


Rev. Carla Culmer/Bro. Franklyn Bethel
Rev. Carla Culmer/Women's Fellowship


7:00 p.m. Sis.Tezel Anderson/Sis. Rosemary Williams(HC)

Examine -Yolyr lv"1 To See Whether You-A re livi ngUInlThe Fait h% 2nd Co'iThlil 13:5l


LIGHT AND LIFE COMMUNITY CHURCH
Grounded In The Past &
SGeared To The Future
I .- I


Worship time: 11am & 7pm
Sunday School: 9:45am
Prayer time: 6:30pm
Place:
The Madeira Shopping
Center
(Next door to CIBC) Re. r. Franklin Kno

ALL ARE WELCOME TO ATTEND

Pastor: Rev. Dr Franklin Knowles

P.OBox EE-16807
Telephone number 325-5712
EMAIL lynnk@batelnet.bs


I I









Prayer Time: 10:15a.m. to 10:45a.m.
Church School during Worship Service

Place: Twynam Heights
off Prince Charles Drive


Minister: Rev. Henley Perry


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

COME TO WORSHIP, LEAVE TO SERVE


vies


way was put in place by Owens
Illinois. Rouser's Hole is exactly
what it claims, and never extend-
ed into the creek system behind.
If Tuggy and Bunks cays are
transferred to the project then
stipulations must be in place to
protect them from 'over devel-
opment', and they must be main-
tained as public places.


Perhaps the marina por-
tion of the project can
be moved further to the North
by extension of the breakwater,
thus allowing the present dock
facilities to be maintained for
public and national use. Defi-
nitely regulations for pump out
and handling of waste must be
put in place.
Permanent floating barriers
need to be placed to prevent
indiscriminate jet ski and wave
runner access to the creeks
behind. In fact a protected creek
would be ideal for kyaking and
nature tours by FOE, for exam-
ple. These same barriers need
to be capable of preventing flot-
sam and oil slicks from entering
the creeks. Clean up detergents
and brooms and vacuums need
to be maintained on site by the
operators, in the likely event of a
'spill'.
Landscaping should be done
with all native xerophytes and
halophytes thus eliminating the
need for chemical fertilizer and
use of our valuable water
resources, in fact the organic
generated from the waste treat-
ment could be an essential
source of plant nutrients for the
project.
Finally, as I stated previously
the landfill needs to stay exactly
where it is, the project can be
more easily modified to provide
alternate access if necessary. A
buffer landscaping can easily be
placed to protect the visitor's
vision from garbage trucks and
dump equipment.
The present government has
an ideal opportunity to use this
project as an example of astute
planning and development, and
at the same time protecting and
ensuring the welfare of the com-
munity for generations to come.
In other words all of you mem-
bers of GOB cabinet; "Put your
money where your mouth is."

Abaco, Bahamas


THE BAHAMAS, TURKS AND CAICOS
ISLANDS CONFERENCE
OF THE METHODIST CHURCH IN THE
CARIBBEAN AND THE AMERICAS
~ L'EGLISE METHODISTE DANS LA
CARAIBE ET LES AMERIQUES NASSAU ; '-
CIRCUIT OF CHURCHES
108 Montrose Avenue
P.O. Box EE-16379, Nassau, Bahamas; Telephone: 325-6432;
Fax: 328-2784; methodistconference@msn.com

"Celebrating 225 years of continuous
Methodist witness for Christ in The Bahamas"
FIFTH LORD'S DAY AFTER
PENTECOST, JUNE 15,2008.
FATHER'S DAY

COLLECT: Gracious Father, by the obedience of Jesus you
brought salvation to our wayward world: draw us into harmony
with your will, that we may find all things restored in him,
our Saviour Jesus Christ.

WESLEY METHODIST CHURCH (Malcolm Rd East)
9:00 a.m. Rev. Edward J. Sykes (Holy Communion)

RHODES MEMORIAL METHODIST CHURCH (108
Montrose Ave. near Wulff Rd)
10:30 a.m. Bishop Dr. Raymond R. Neilly/ Men of
Action

COKE MEMORIAL METHODIST CHURCH (Rose
Street, Fox Hill)
11:00 a.m. Rev. Leonard G. Roberts Jr.

PROVIDENCE METHODIST CHURCH (Shirley Plaza)
11:00 a.m. Rev. Dr. Kenneth A. Huggins

HERITAGE OF REDEEMING LOVE METHODIST
CHURCH (28 Crawford St, Oakes Field
9:00 a.m. Sis. Cecelia Gardiner

METHODIST CHURCH OF THE GOOD SHEPHERD
(Fire Trail Rd)
8:00 a.m. Men

CROIX-DES-MISSIONS ALDERSGATE (Quackoo
Street)
5:30 p.m. Friday Children's Club
9:00 a.m. Sunday New creation Fellowship
METHODIST MISSION CENTRE (Quackoo St) -Thrift
Shop and other Ministries
JOHN WESLEY METHODIST COLLEGE (28 Crawford
St., Oakes Field) Reception to Primary

PEACE AND JUSTICE CAMPAIGN: All Methodists
of the Conference are urged to pray and to fast for Justice
to prevail in the Methodist Cases and for an end to the
upsurge in violence. The fast begins weekly after the
evening meal on Thursday and ends at noon on Friday.
This we proclaim unswervingly: "My God and My Right."

RADIO PROGRAMS
"Vision" On the Lord's Day, ZNS 1 at 9 p.m.; "Great Hymns
of Inspiration" On the Lord's Day, Radio 810 at 5:30 p.m.;
"Family Vibes" ZNS 1, Tuesday, 7:30 p.m.; "To God be the
Glory" ZNS 1, Tuesday, 7:45 p.m.


SUNDAY SERVICES
Morning VWorrip eirvlce 8 rj0 a.m.
Sun3acy c,:3oi I'r all ages... 9 5 am,
Adult Education ................. 9 45 o m
Worship Service .................... 11 00 am
Spanish Sevice ............... 8.00 am,
Evening Worship Service ........ 6.30 p.m.

WEDNESDAY at 7:30 p.m.
Selective Bible Teaching
Royal Rangers (Boys Club) 4-16 yrs
'/li's.Finene' (Girls Club) 4-16 yrs.

FRIDAY at 7:30 p.m.
Youth Ministry Meeting
RADIO MINISTRY
Sunday at 8:30 a.m. ZNS 1 TEMPLE TIME

Visit Our Book Store: TEMPLE BIBLE & BOOK SUPPLY

EVANGELISTIC TEMPLE
Assembly Of God

C i A u th r e n v


-0


IL.


PAGE 6, SATURDAY, JUNE 14, 2008


THE TRIBUNE


A.`7
-
AW














SIn brief Minister calls for greater technical

Inland hnldo


IIrgIUIIU IlUluO

key vote on

EU treaty
* DUBLIN, Ireland
Associated Press

IRISH citizens voted
Thursday on whether to
accept or reject the Euro-
pean Union's new reform
treaty, and the result could
damage or destroy the
painstakingly negotiated
pact, according to the Asso-
ciated Press.
The Lisbon Treaty seeks
to reshape EU institutions
and powers to cope with the
bloc's near-doubling in size
over the past four years from
15 to 27 nations with 495 mil-
lion people. It contains many
of the same reform plans as
the EU's previous master
plan a constitution that
French and Dutch voters
rejected in 2005.
This time, only Ireland's
3.05 million registered vot-
ers pose a serious threat to
ratification, because the oth-
er 26 members are requiring
approval only through their
national governments.
To become law, every EU
member must approve. So
far, 18 EU members have
done so, including the par-
liaments of Estonia, Finland
and Greece on Wednesday,
but others have held back
while awaiting the Irish ref-
erendum result.
With Irish media not con-
ducting any exit polling to
gauge a possible outcome,
Irish voters and observers
throughout Europe will have
to wait until Friday for the
outcome.
When polls closed, Irish
state broadcasters RTE
reported that voter turnout
had failed to exceed a lack-
luster 45 percent nationally
an outcome that one ana-
lyst' said would favor the
more highly motivated "No"
camp.
University College Dublin
politics professor Richard
Sinnott said the "Yes" caimip
required nearly 50 percent
turnout to feel confident.
The government, major
opposition parties and busi-
ness leaders all campaigned
for a "Yes" vote during a
monthlong campaign that
emphasized how much Ire-
land has benefited from 35
years of EU membership.
As he cast' his "Yes" vote,
Prime Minister Brian Cowen
said he led the campaign for
ratification "as best as I pos-
sibly could" and accused
anti-treaty voters of spread-
ing lies and distortions.
"We've conducted a posi-
tive campaign, an honest
campaign," Cowen said.


cooperation in HIV/AIDS fight


E By MATT MAURA "The archipelagic nature of ilar situations among popula- ing adequate nutrition, espe- -l-
the Bahamas is in itself a chal- tions exist, cially quality food products, is
THE GROWING immigrant lenge that requires duplication Dr Minnis said moving for- becoming increasingly chal-
population accounts for one of basic health and social ser- ward, more technical co-opera- lenging in light of rising food
quarter of the HIV and AIDS vices to meet the needs of its tion must be forged between the costs.
cases in the Bahamas, accord- population scattered over developed and developing "Nutrition is critically impor-
ing to the government. 100,000 square miles of the nations "as well as among devel- tant in supporting and main-
Minister of Health Hubert Atlantic Ocean," Dr Minnis oping nations." He said empha- training a strong and functioning '
Minnis said this is placing an said. sis must be placed on the sharing immune system to combat the
increased burden on the coun- "The growing migrant popu- of technical expertise, techno- infection," Dr Minnis said. .
try's healthcare system. lation, which accounts for 25 logical support, training and the The Minister of Health and
Speaking at a high-level Unit- percent of HIV and AIDS cases transfer of knowledge. Social Development reminded .
ed Nations meeting this week, in the Bahamas, places an "It is imperative that we find the body that the enjoyment of t
Dr Minnis said healthcare work- increased burden on the coun- creative ways to procure ade- the highest attainable standard
ers' "ability to reach these pop- try's healthcare system." quate and sustainable financing of health is one of the funda-
ulations" with prevention, care, Addressing the UN High- for HIV and AIDS Pro- mental rights of each human .*
treatment and support services, Level Meeting on the Compre- grammes," Dr Minnis told the being "without distinction of
is being compromised due to hensive Review of the Progress body. "Funding is required to race, religion, political belief,
language barriers and cultural Achieved in Realising the Dec- improve and strengthen safety economic or social condition." 4
differences, laration of Commitment on networks and to provide for per- "In order to ensure this for
He called on the internation- HIV/AIDS and the Political sons affected by the disease and persons infected and affected by
al community to find creative Declaration on HIV/AIDS, Dr their families, the majority of HIV and AIDS and for the sur-
ways to procure adequate and Minnis told the body that "no whom are poor and are living vival of future generations, we
sustainable financing for HIV one country" can win the fight in low, socio-economic and mid- must develop sustained pro-
and AIDS programmes,'partic- against HIV/AIDS. die income countries. We must grammes for prevention, care,
ularly in developing countries. He said it is incumbent upon also address the ongoing prob- treatment and support. It is only
Dr Minnis also called for the international community to lem of stigmatisation in the through this achievement that
more technical co-operation join forces in the battle against workplace and other settings." we can then meet the Millenni-
between developed and devel- HIV/AIDS through a number Dr Minnis said the economic um Development Goals (MDG) .
oping nations in the fight against of measures including the shar- impact of HIV and AIDS is to which we have all committed
HIV and AIDS. ing of best practices where sim- "cross-cutting." He said provid- ourselves," Dr Minnis said.



Three rare artifacts presented to Long Islanders' Association


* By REUBEN SHEARER

MEMBERS of the Long
Islanders' Association finally
have in their possession three
replicas of original rare arti-
facts that were promised to
them over 20 years ago.
In May 1988, Carlton
Cartwright, of Mortimers,
Long Island, stumbled on
three duhos or ceremonial
stools that were used by
Lucayan caciques (chiefs).
The artifacts, as is listed in
history books, date back to
Columbus days.
Mr Cartwright reported the


discovery of the artifacts to
then director general of Her-
itage Dr Gail Saunders, who
was dispatched by former
Education Minister Paul
Adderley to inspect the find-
ings.
Government officials and
members of the Department
of Archives decided that the
treasures should be acquired
for the Bahamian people.
These efforts were accom-
plished when the government
purchased two of them from
Mr Cartwright, leaving just
one to be returned to its place
of origin in Long Island.
According to Mr


THRE replias 1of Ihe.oig inal 6....I.............. Island6useum


Cartwright, the duhos were
"sort of given to the govern-
ment."
He told The Tribune that
the amount of money he
received from government
was no where near the esti-
mated worth of the artifacts.
"Since it was the govern-
ment, I decided to settle for
less," he explained, adding,
"but I'm not a fool, I know
how much they were really
worth," he said.
When he initially found the
treasures, Mr Cartwright said
that Long Island residents
were fascinated by the arti-
facts and kept coming to see
the findings.
- "It became a burden for me
to keep them. I hardly rest-


ed," he said.
He said that he was
promised that the artifacts
would remain in the Bahamas,
but questions whether that is
what actually happened.
In a recent speech-to mem-
bers of the Long Islanders'
Association, Dr Saunders
apologised to members for the
long time it took for the repli-
cas of the artifacts to be sent
to Mortimers.
"Due to the lack of a prop-
er museum in which to house
them at the time," the replicas
of the findings were not sent
sooner as promised, she said.
However, now that a proper
facility has been built, namely
the Long Island Museum, the
three replicas of the orinals -


sculpted by Brandon Coakley
- were handed over to the
Long Islanders last week.
One of the original duhos,
made of mahogany and cedar,
had originally been promised
to the Museum.
However, all three of the
findings have been transferred
to the Antiquities, Monu-
ments and Museums Corpo-
ration.
Only about 26 duhos have
been discovered in the
Bahamas.
Of those found, only the
three discovered by Carlton
Cartwright are in public pos-
session.
The others are in museums
abroad or in private posses-
sion.


The American Embassy is presently considering applications for the following
position:

Commerical Assisant

Assit with promoting all trade events locally and in the U.S.

Maintains all commercial subject files, including newspaper clipping files, US
company database, and investments database

Drafts and distribute commercial newsletter and maintains database of
Econ-Commercial contacts.

Assists with research for major reports including the Counrty Commercial Guide,
the Investment Climate Report, and other special reports.

This position is open to candidates with the following qualifications:

Associates Degree in Business Management, Economics or Finance
Three years job expereince in economic research, business
management, marketing, investment, trade promotion or other related
business expereince

PERSONAL ATTRIBUTES:

- Some knowledge of the business climate and rules for doing business in
The Bahamas
- Good organizational and computer skills, particularly word-processing and
excell.
- Good writing skills

BENEFITS PROVIDED INCLUDE:

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

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

Application forms are available from 8:00 a.m. to 5:00p.m. Monday through
Friday at the security area of the American Embassy, Queen Street. Completed
applications should be returned to the United States Embassy: addressed to the
Human Resources Office no later than, June 24, 2008. Telephone calls will not
be accepted.


SATURDAY, JUNE 14, 2008, PAGE 7


THE TRIBUNE


..4 e~-









PAGE 8. SATURDAY, JUNE 14, 2008


Gonet Bank & Trust Limited
(Incorporated under the laws of the Commonwealth of The Bahamas)

Balance Sheet
As of 31 December 2007
(Expressed in United States dollars)


ASSETS
Due from banks
Demandand call deposits
Time deposits
Advances to customers
Other assets

Total assets

LIABILITIES
Due to banks
Customers' deposits demand
Accounts payable and acrued expenses


1.814,680
5,240,000
15,880
1,669


2006
S


1,569,440
5,032.806
92,972
2,963


7,072,229 6,698,181


56,101
367,761
38,812

462,674


Total liabilities


EQUITY
Share capital
Authorised, issued and fully paid:
1,000,000 shares of $1.00 each
Retained earnings


15,331
448,176
19,787

483,294


1,000,000 1,000,000
5,609,555 ___5,214,887

6,609,555 __6,214,887

7,072,229 6,698,181


Total equity


Total liabilities and equity


APPROVED BY THE BOARD OF DIRECTORS AND SIGNED ON ITS BEHALF BY:


Director


Director


8 May 2008
Date


Notes to Baladce Sheet
31 December 2007

1. General Information

Gonet Bank & Trust Limited (the Bank) is incorporated under the Companies Act. 1992 of the
Commonwealth of The Bahamas and is licensed under the Banks and Trust Companies Regulation
Act, 2000 to carry on banking and trust business from within The Bahamas. The principal
activities of the Bank are providing banking custody, investment management and advisory
services. The registered office of the Bank is located at Bayside Executive Park, West Bay Street
and Blake Road, New Providence, Bahamas.

The Bank is a wholly owned subsidiary of Gonet International Limited, which is owned by the
partners of Gonet & Cie, a private banking partnership'organised under the laws of Switzerland.
Gonet & Cie and other entities directly or indirectly controlled or significantly influenced by the
partners of.Gonet & Cie are referred to as affiliates.

As of 31 December 2007, the Bank employs three persons.

2. Summary of Significant Accounting Policies

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


(a) Basis of preparation

The balance sheet is prepared in ac~brdance: With Intematiorial Financial Reporting Standards
(IFRS) and under the historical cost convention, ,as'modified by.the.revaluationr f 'certain
financial assets held at fair value through profit or loss. The preparation of financial
statements ih accordance with Is requires management to exercise judgment in the process
of applying the Bank's accounting policies. It also requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities as of the date of the balance sheet. Actual results could differ
from those estimates

In the current year, the Bank 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 to expand the disclosures.provided in this balance sheet regarding
the Bank'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 Bank's operations and accordingly did not impact the Bank's accounting policies or
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.Bank's accounting policies or financial statements in the period of initial application.

(b) ,. Translation of foreign currencies

The Bank's functional and presentation currency is the United States (US} dollar, as it best
reflects the economic substance of the underlying events and transactions relevant to the
Bank. Foreign currency transactions are translated into the functional currency using the
exchange rates prevailing as of the dates of the transactions. Foreign exchange gains and
losses resulting from the settlement of such transactions and from the translation of monetary
assets and liabilities denominated in foreign currencies are recognized in the income
statement.

(c) Advances to customers

Advances to customers are recognized initially at fair value and subsequently measured at
amortised cost using the effective yield method, less provision for impairment. A provision
for impairment is established when there is objective evidence that the Bank will not be able
to collect all amounts due according to the original terms of the advances. The amount of
provision is the difference between the asset's carrying amount and the present value of
estimated future cash flows discounted at the original effective interest rate.

(d) Income and expense recognition

Fees and commissions are generally recognized on an accrual basis when the service has been
provided, net of'commissions deducted by other financial institutions that are party to the
transactions. Income 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.

Asset management, custody, advisory and other service fees are recognized based on the
applicable service contracts, usually on a time-apportionment basis. The Bank's billing cycle
is such that fees charged to customers are usually billed and collected in the same accounting
period that they are earned.

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

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

(e) Employee benefits *

The Bank provides a defined contribution pension scheme for its employees. The scheme
requires employees to contribute 5.5% of their basic salary and the Bank contributes 11% of
basic salary. The Bank has no further payment obligations once contributions have been paid,
and its contributions to the scheme are charged to the income statement in the period to which
they relate.


(f) Lease

The Bank leases its office facilities under an operating lease, which is a lease where a
significant portion of the risks and rewards of ownership are retained by the lessor. Payments
made under the lease are charged to the income statement over the term of the lease on a
straight-line basis.


THE TRIBUNE


a1 .. -I .


1,174,548
4,930,132
950,000

7,054,680


170,663
3,330,676
3,100,907

6,602,246


Interest rate risk

Interest rate risk is the risk that the fair value or cash flows of a financial instrument will
fluctuate significantly as a result of changes in market interest rates. The Bank's exposure to
fair value interest rate risk is minimal as financial instruments are usually at interest rates
which frequently reset to market interest rates. The resulting cash flow interest rate risk is not
hedged and is managed as a profit opportunity for the Bank.


(d) Liquidity risk

Liquidity risk is the risk that the Bank might not have the necessary resources to meet its
contractual obligations. The normal operating activities of the Bank generally do not result in
material financial liabilities and the Bank manages its liquidity by matching liabilities with
assets of similar maturity periods.

All recorded financial liabilities are due on demand, however, the Bank has significant cash
resources in relation to these liabilities.

(e) Cnurrency risk
The Bank takes oh exposure to currecy risk arising from the effect of fl.qtPations in the
prevailing foreign c;urren;y 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. The Bank's assets and liabilities were
primarily denominated in US dollars during 2007 and 2006.

4. Capital Management

The Bank's objectives when managing capital, which is a broader concept than 'equity' on the face
of the balance sheet, are:

To comply with the capital requirements set by the Central Bank of The Bahamas (the Central
Bank);
To safeguard the Bank's ability to continue as a going concern so that it can continue to
provide returns for its shareholders and benefits for other stakeholders; and
To maintain a strong capital base to support the development of its business. -

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

The Central Bank requires that the Bank, as a holder of a public bank and trust licence, to maintain
a ratio of total regulatory capital to risk-weighted assets at or above a mini nim of 8%.

The table below summarises the composition of regulatory capital and shows the'capital adequacy
ratio of the Bank as.of the balance sheet date. The Bank has complied with all of the externally
imposed capital requirements to which it is subject.


2006


Tier 1 capital
Share capital
Retained earnings


1,000,000
5,609,555

6,609,55

1,428,485


Total


Risk-weighted assets

Capital adequacy ratio


462.70%


5. Balances with Affiliates



Due from banks
Demand and call deposits


2007
s


298,960

56,101


Due to banks


1,000,000
5,214,887

6,214,87

1,416,384

438.79%


2006


52,593

15,331


In July 2007, the Bank entered into service level agreements with Gonet & Cie for securities
management, cash management, trading operations and other support services, including
information technology management.

6. Administrative Services Agreement

Pictet Bank & Trust Limited (PBT), a financial institution domiciled in The Bahamas, served as the
Bank's Authorised Managing Agent up to 2006 and provided the Bank with correspondent
banking, accounting and administrative services. PBT continued to provide the Bank with certain
services during 2007. This arrangement was terminated by mutual consent of the parties as of 31
December 2007, with the Bank now outsourcing similar activities to Gonet & Cie (Note 5).

As of 31 December 2007, the Bank had deposit balances due from PBT totaling $1,174,348 (2006:
S170,562). A director of the Bank is also a director of PBT.

7. Operating Lease

During 2007, the Bank entered into a two year lease agreement with a subsidiary of PBT. Prior to
the agreement, the Bank was leasing office space from the subsidiary under an informal lease
arrangement.

Future minimum lease payments under the lease agreement are anticipated to total $43,667.


a


(g) Taxation

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

(h) Fiduciary accounts and assets under administration

The Bank 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 these financial statements, as they do not belong to the Bank.

(i) Corresponding figures

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

3. Risk Management

The Bank is exposed to various types of nsks in the normal course of business, including fiduciary,
credit, interest rate, liquidity and currency risks. The Bank'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

SThe Bank is engaged in significant fiduciary activities, principally through the provision of
investment management and advisory services to third parties. These activities give rise to
fiduciary risk. which is the risk that the Bank may fail in carrying out certain mandates in
accordance with the wishes of its clients or fail to deliver expected performance goals. To
manage this exposure, the Bank generally takes a conservative approach in its fiduciary
undertakings for clients.

(b) Credit risk

Credit risk arises from the potential failure of a counterpart to perform according to the terms
of the contract. From this perspective, the Bank's exposure to credit risk is primarily
concentrated in demand, call and time deposits placed with banks, and advances to customers.
The Bank minimises its exposure to this risk by placing deposits with creditworthy
international banks within credit limits approved by the Board of Directors. Advances to
customers are fully supported by assets pledged as collateral and held by the Bank on behail
of the respective customers.

The following table summarises the Bank's exposure based on the geographical domicile of
the.counterparty for major assets as of the reporting date:

2007 2006
$ $


Due from banks
The Caribbean
Europe
North America









THE TRIBUNE


SATURDAY, JUNE 14, 2008, PAGE 9


LOANW


FROM page one


8. Fair Value of Financial Instruments

Financial instruments utilised by the Bank primarily include those types of financial assets and
liabilities shown in the balance sheet The majority of the Bank's financial instruments are either
short-term in nature or have interest rates that automatically reset to market rates on a periodic
basis. Accordingly, the estimated fair value is not significantly different from the carrying value
for each major category of the Bank's recorded financial assets and liabilities.


ICEWATERHOUEsOOPERS
-r --


INDEPENDENT AUDITORS' REPORT

To the Shareholders of Gonet Bank & Trust Limited


PrleewaterbouseCooper
Providence House
Eat Hill Stree
P.O. Box N-3910
Nssau, Bahamas
Webite: www.pwc.com
E-mail: pwcbs@bspwc.com
Telephone (242) 302-5300
Facsimile (242) 302-5350


We have audited the accompanying balance sheet of Gonet Bank & Trust Limited (the Bank) 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 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 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.

Basisfor Qualified Opinion

Bank policy did not permit us to verify advances to customers of $15,880 (2006: $92,972) and
customers' deposits of $367,761'(2006: $448,176) by direct confirmation, nor were we able to verify the
balances by alternative audit procedures.

Qualified Opinion

In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion
paragraph, the accompanying balance sheet presents fairly, in all material respects, the financial position
of the Bank as of 31 December 2007, in accordance with International Financial Reporting Standards.

Emphasis of Matter

Without further qualifying our opinion, we emphasise that the accompanying 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 of the
Bank.





Chartered Accountants
8 May 2008


"mystery shoppers" and progress
reports will be published.
At a press conference at the
Ministry of Works, Mr Deveaux,
road traffic controller Jack
Thompson and association rep-
resentatives declared their com-
mitment to improving the pub-
lic's experience of buses as they
called on more people to leave
their cars at home and give them
a try.
"The purpose of it is very sim-
ple," said Mr Deveaux. "We have
more than 100,000 vehicles using
the streets of Nassau. All of you
know how much congestion it
causes on this 21 by seven island,
and if more people use public
transport we could immediately
see relief in terms of traffic con-
gestion.
"But there are issues where
people are working on hotels
can't get to Carmichael Road.


Motorists encouraged

to jump on a jitney

instead of driving


There are issues of people living
in parts of Over-the-Hill where
buses just don't go. If you live on
Eastern Road and you want to
go to the movies, you can't get
there in time and you can't get
home. You may have couple of
hours for relaxation, you may just
want to get to the beach and take
the bus but you just can't do it,"
he said.
According to Mr Deveaux,
mounting gas prices meant that
coming up with a way to make
public transport a viable option
for more people became more
"critical" but also more achiev-
able.
"It was a very important fac-


Homeless woman is


beaten by a stranger

FROM page one

saw someone standing there, I asked if he had shot me. He bent over
and picked up an iron rod and started to beat me with it."
Ms Farrington does not remember how she got to the gas station in
East Bay Street where an ambulance picked her up and took her to
Princess Margaret Hospital for treatment.
She was discharged on Friday morning, her face severely swollen,
bruised and cut, only to return to the bus stop bench.
A lifeguard, who identified himself only as a Christian, held her hand
and prayed with her.
"She has been here for months and months," he said. "And I come
here to pray with her in the name of Jesus."
Ms Farrington claims she came to Nassau from the United States and
is an American citizen, but her return to the US is now in the h4nds of
the Immigration Department.
She said she registered on the list for shelter over a month ago, but
is still waiting for news from the Salvation Army.


Political parties and

no money from Ninety
FROM page one

political parties late Thursday night at the end of the
House of Assembly budget debate when the prime
minister responded to questions by Fort Charlotte
MP Alfred Sears.
Mr Sears said the FNM should disclose what con-
tributions it had received from principals involved
with the Grand Bahama Port Authority during the
last election.
Mr Hubert Ingraham answered Mr Sears, begin-
ning from the period when he became leader of the
FNM in 1990.
The prime minister said then that he did not want
any contributions from the GBPA because he
thought they had been "a.very corrupting influ-
ence" in the Bahamas.
"Because they were giving the prime minister of
the Bahamas at that time substantial monies for
himself and for his party," he said. "I said so publicly
that I wanted no monies from them whatsoever."
After the by-election in Marco City in 1990, he
said, the principals of the GBPA said they wanted to
meet with him. This he agreed to. They told him, said
Mr Ingraham, that they wanted to give to both polit-
ical parties, and in the future they would give to
both parties evenly with no expectations of favours.
"So we agreed that's.fine, they could make con-
tributions to us. And they made contributions to
us in 1992, in 1997. I believe they also did in 2002, but
I was not at the helm of the party anymore in 2002.
That part of the party business was not my busi-
ness at that time."
In 2007, when he again was FNM leader, Mr
Ingraham said that "they" resumed their contribu-
tions for the election. And they said that they were
giving equally to both parties, he said.
More specifically, added the prime minister, they
gave equally to Grand Bahama candidates of each
party.
Sir Jack Hayward, continued Mr Ingraham, also
gave specifically to the FNM campaign. The prime
minister was not aware if he also gave to the PLP.
Hutches6n has never made a contribution to the
FNM, said Mr Ingraham.
"As far as I know, they don't make political con-
tributions. If I hear the PLP got one please let me
know," said Mr Ingraham to great laughter from
both sides in the House.
The prime minister continued: "And also, when'I


tor to let the public feel the
urgency of using public trans-
portation," he said.
The challenge goes hand-in-
hand with the government's
scheduled efforts to upgrade the
road infrastructure.
"If in the next 30 months we
don't get a significant portion of
the public using public transport
to get to and from, we will have
spent a million dollars on repair-
ing roads and still be stuck in traf-
fic, and that's what we're trying to
avoid," he said.
Specially marked buses will run
on two newly introduced routes
which will also expand the num-
ber of locales which will be easily
able to access public transporta-
tion, including certain new devel-
opments and government sub-
divisions.
Drivers taking part in the pro-
gramme have all undertaken
training to help them understand
and achieve the goals that have
been set out.
President of the UTC Harri-
son Moxey said: "You will see a
difference in the way we conduct
ourselves. We are partnering with
the government 100 pei cent in
this."
Tyrone Swaby, speaking for the
Public Transport Association,
said PTAB will "be out there in
full force showing our commit-
ment to the cause."
However, they also emphasised
that the public has a responsibili-
ty when it comes to their conduct
on buses.
"Slashing seats" and other
destructive and violent behaviour
on buses must be curtailed, said
Mr Moxey.


1 leaders 'received

in election campaign'
was in office the leader of the opposition could tell
you this I told big donors like these that you have
to give to the PLP. And I asked him, I called him on
the phone: Did you get it? Because I don't believe
these big foreign firms ought to be able to choose
sides in the Bahamas. But I believe they ought to
contribute towards our electoral expenses etc."
During the last election when the FNM was in
office presumably he was referring to the 1997
election the prime minister said he did not accept
a contribution from Kerzner. However, the PLP
accepted theirs, noted Mr Ingraham. Instead, he
said that he suggested that Kerzner build parks.
"We didn't need any money from them in 1997," he
said.
'Ir 2007, Mr Ingraham said Kerzner contributed to
both parties. At this point, the prime minister sought
to ephasise that his party received no funds from
Knowles the jailed drug lord.
"What I do want to say on that subject is assure
the House that I got no contribution, and the FNM
got none, from Samuel 'Ninety' Knowles," he said.
"I want to assure the House of that. I want to
assure the House of that that I got, no, we got no
contributions from Samuel 'Ninety' Knowles. And
there is no allegation on the part of Samuel 'Ninety'
Knowles or anybody connected with him that we
have any money that belongs to him."
At the end of the prime minister's budget wrap-
up, Mr Christie quickly rose to his feet to separate
himself and his party from Knowles.
"Mr Speaker, I would wish, this being the first
available-opportunity, simply for the record, listen-
ing to the right honourable member for North Aba-
co, to also indicate specifically and precisely that I
nor my party, the Progressive Liberal Party, received
a donation from Samuel 'Ninety' Knowles," he said.
"Secondly, I also use the facility of communication
with the right honourable member to advise him
that I elected not to receive a substantial donation
from a major investor in this country precisely
because that investor was dealing with me as prime
minister and my government."
This discussion between the country's two most
senior parliamentarians provides a glimpse into the
world of big money donations in Bahamian poli-
tics.
Since there are no real campaign finance laws in
the Bahamas, foreigners and big business interests -
who expect favours in return finance both par-
ties without the public's knowledge.


--3
.. . ... .. . ..








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


GN700
MINISTRY OF LANDS & LOCAL GOVERNMENT


THE PRICE CONTROL ACT (1971)
(CHAPTER)
THE PRICE CONTROL (GENERAL) (AMENDMENT)
(NO. 9) REGULATIONS, 2008

NOTICE

The public is hereby advised that effective Monday, June (5 2008; The Honourable

Minister of Lands & Local Government has approved prices for the following

breadbasket commodities:


1) Butter
2) Cheese
3) Cooking Oil
4) Corned Beef
5) Evaporated Milk
6) Flour
7) Grits
8) Margarine
9) Rice
10) Sugar
11) Tomato Paste


HARRISON THOMPSON
PERMANENT SECRETARY


I I









PAGE 10, SATURDAY, JUNE 14, 2008


THE TRIBUNE


LOA NW


FROM page one

Caribbean's fees will rise from
$600,000 to $2.5 million; The
Bank of Nova Scotia's from
$600,000 to $2.5 million; Finco's
from $400,000 to $800,000;
Commonwealth Bank's from
$500,000 to $1.6 million; Bank
of the Bahamas' from $400,000
to $800,000; Citibank's fees
from $250,000 to 300,000; and
Fidelity's from $250,000 to
$300,000.
These numbers were revealed
on Thursday night as Mr Ingra-
ham concluded the budget
debate. The total revenue the
government will receive from
these banks is $10.55 million.
"We think that they are fair
and reasonable fees for banks
to pay. They are still lower than
what is charged to insurance
companies by the government,
and they are still lower than
what is charged to supermar-


Mother is acquitted

FROM page one

Although the prosecution had alleged that Hepburn had inten-
tionally killed her husband, her attorney claimed she had merely
been protecting herself from an abusive spouse.
At the trial, it was revealed that Hepburn had told police that an
altercation erupted between her and her husband after she told him
that she wanted a divorce.
She claimed her husband had held up a maul to her face and
threatened to kill her but she grabbed the weapon and, after strug-
gling to take it from him, started hitting him.


US Navy Commander


FROM page one

US has much in common with
the 45 countries, territories and
protectorates in the region and
added these areas are "inextri-
cably linked to the economic,
political, cultural, and security
fabric of the United States."
Understanding these links
vill help the US better secure its
borders and extend peace and
prosperity to the whole of the
region, said Admiral Stavridis.
"Wherever I travel, with
whomever I meet, I convey this
important point: our shared
home is the Americas. The
United States has so much in
common with our partners
throughout the region; we share
common interests and are
dependent upon each other in
many ways.
S_"The geographic, cultural,
ieconoihic, political and histori-
cal linkages. that tie- all of the
nations of the Americas togeth-
er are numerous and com-
pelling, especially those that
bind us to our closest neighbour
here in The Bahamas.
"Understanding them helps
us make the best use of our
resources in order to better
secure the US and to help
extend peace and prosperity to
the entire region. Perhaps the
most important connection we
share is that of respect for
democracy, freedom, justice,
human dignity, human rights
and human values. We are for-
tunate that all but one nation


in the region is led by a democ-
ratically-elected government."
He also noted, the regional
challenges to security, stability
and prosperity such as illegal
drugs, poverty and violent crim-
inal gangs are "threats" to coun-
tries seeking peace and stability.
"Eliminating the scourge of
illegal drugs, poverty and vio-
lent criminal gangs requires co-
operative solutions, the sort of
approach embodied here in The
Bahamas by Operation
Bahamas Turks and Caicos,
OPBAT one of the most suc-
cessful drug interdiction oper-
ations in history.
S"They cannot be countered
by one nation alone. It requires
security forces, international
agencies, and humanitarian
assistance groups throughout
the region to band together to
establish a partnership for the
Americas".
Admiral Stavridis assumed
command of the United States
Southern Command on Octo-
ber 19,2006.
He is a 1976 distinguished
graduate of the US Naval Acad-
emy and a native of South Flori-
da. He holds various decora-
tions and awards, including the
Defence Distinguished Service
Medal, the Defence Superior
Service Medal and five awards
of the Legion of Merit.
He is author or co-author of
several books on iaval ship han-
dling and leadership, including
Command at Sea and Destroyer
Captain, according to the US
Navy's website.


Miss Bahamas Universe




heads to Vietnam pageant


Bank will have to

pay govt extra $6.8m
this fiscal year
kets," said Mr Ingraham.
"Eventually we will have a
rationalised tax structure and
these fees will be revisited."
One or more of the banks
reportedly felt as if they were
not consulted before the new
fees were decided upon.
The prime minister, who is
also finance minister, expressed
regret that this consultation did
not occur. However, he said that
the "basis upon which the fees
are being charged is quite clear,
very specific, and it fell where it
fell."
Several PLP MPs warned the
government during their bud-
get speeches that banks will
simply pass on the increases to
customers, making it a kind of
tax increase.


ning designer of best national costume com-
petition at the Miss Universe Pageant for
Venezuela.
"In adding a final touch to her wardrobe,
Sacha was taken on a shopping spree at the
sponsorship of vendors of the Atlantis


Resorts, where is was outfitted in the in the
finest of clothing, jewellery, accessories and
footwear," said Mrs Stubbs.
"The Miss Bahamas Universe Organisa-
tion along with Sacha Scott would like to
thank the many sponsors who have assisted
in Miss Bahamas representation of the
Bahamas at this year's Miss Universe
Pageant."
These include: Donald Knowles, Patrice
Lockhart,. Commonwealth Fabrics, Prime
Bahamas, Nautilus Bahamas, Altantis
Resorts, Michael Scott/Callendar & Co,
Windermere Spa and Salon, Dr Derwin
Munroe and the Aruba/Bahamas Sacha's
Miss Universe preparation team headed by
Edgar Kock.
The pageant will be broadcast live on
NBC July 14 at 9pm from Nha Trang, Viet-
nam. for the first time, voting for the best
national costume will begin on nbc.com as
of June 20.


MISS BAHAMAS Universe Sasha Scott walking through the
Crystal Court at Atlantis carrying gifts.


NOTICE
NOTICE is hereby given that LASHANTE SYDNEE
ROSHAE ROLE of IMPERIAL. PARK, P.O. BOX
FH-14670, NASSAU, BAHAMAS, is applying to the
Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why
registration/ naturalization should not be granted, should
send a written and signed statement of the facts within :Ar.- -
twenty-eight days from the 14TH day of JUNE 2008 to '."
the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.


--f--i ROY -.*nIDEUTY ^ *. FG CAPITAL MARKETS
3S1 5 ROYALSFIDELITY CO AVISOVC

C FA L'"
. ...-: i~~~& ~ TRADED T SECURITIES AS OF:

~: :.8 I YTD1% -7.20% 1 2007 28.29% .
.' . ...... FOR MORE DATA 8 INFORMATION
52wk-HI 52wk-Low Securty Previous Close Today's Close Change Daily Vol. EPS $ Div $ PIE Yield
1.95 1.18 Abaco Markets 1.84 1.84 0.00 0.135 0.000 13.6 0.00%
11.80 11.50 Bahamas Property Fund 11.80 11.80 0.00 1.086 0.400 10.9 3.39%
968 9.40 Bank of Bahamas 9.43 9.43 0.00 0.643 0.160 14.7 1.70%
0.99 0.85 Benchmark 0.89 0.89 0.00 -0.647 0.030 N/M 3.37%
3 74 2.95 Bahamas Waste 3.60 3.60 0.00 0.209 0.090 17.2 2.50%
2.70 1.30 Fidelity Bank 2.35 2.35 0.00 0.055 0.040 42.7 1.70%
14.10 10.60 Cable Bahamas 14.00 14.00 0.00 1.121 0.240 12.5 1.71%
3.15 2.15 Colina Holdings 2.87 2.87 0.00 0.046 0.040 62.4 1.39%
850 4.80 Commonwealth Bank (S1) 7.30 7.30 0.00 0.440 0.300 16.6 4.11%
722 3.23 Consolidated Water BDRs 3.23 3.40 0.17 0.131 0.052 26.0 1.53%
300 2.20 Doctor's Hospital 2.95 2.95 0.00 0.341 0.040 8.7 1.36%
8.00 6.02 Famguard 8.00 8.00 0.00 0.728 0.280 11.0 3.50%
13.01 12.50 Finco 12.50 12.50 0.00 0.650 0.570 19.2 4.56%
14.75 12.30 FirstCarlbbean 12.30 12.30 0.00 0.651 0.470 18.9 3.82%
6.10 5.05 Focol (S) 5.55 5.55 0.00 4.000 0.386 0.140 14.4 2.52%
1.00 1.00 Focol Class B Preference 1.00 1.00 0.00 0.000 0.000 N/M 0.00%
1.00 0.41 Freeport Concrete 0.44 0.44 0.00 0.035 0.000 12.6 0.00%
8.00 6.79 ICD Utilities 6.79 6.79 0.00 0.411 0.300 16.5 4.42%
12.50 8.60 J.S. Johnson 12.00 1200 0.00 1.023 0.620 11.7 5.17%
1000 1000 Premier Real Estale 10 00 10 00 0 00 0.180 0.000 55.6 0.00%
S. ,'-The?-Couner Securi-es
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div $ P/E Yield
14.60 14.25 Bahamas Supermarkets 14.60 15.60 14.60 1.160 0.600 13.4 4.11%
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.35 0.40 0.35 -0.023 0.000 N/M ; 0.00%
S":":'-,Ov.e--The-Counler Securities '
41.00 41.00 ABDAB 41.00 43.00 41.00 4.450 2.750 9.0 6.70%
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 0.900 13.4 6.16%
0 55 0 0 RND Holdings 0 45 ? M. 0 45 C.0 023 1 00) NM 0 00%o
'*..* : 'T. g- :q r U~..~t : LUsted Mutual Funds
5;wk.l-. 52wtK-Low Fund Name NAV YTD' Lasl t .Months Div$ Yield%
1.3152 1.2485 Colina Bond Fund 1.315228". 1.58% 5.47%
3.0008 2.7399 Colina MSI Preferred Fund 2.998763"* -0.07% 8.13%
1.3932 1.3427 Colina Money Market Fund 1.393169"-- 1.31% 3.76%
3.7969 3.2920 Fidelity Bahamas G & I Fund 3.6707"* -3.32% 14.65%
12.2142 11.6049 Fidelity Prime Income Fund 12.2142"- 2.35% 5.73%
100.0000 100.0000 CFAL Global Bond Fund 100.00"
100.0000 98.2100 CFAL Global Equity Fund 99.956603" -0.04% -0 04%
1.0000 1.0000 CFAL High Grade Bond Fund 1.00"
10 i000 96346 FideliN inlemeaional Investmenl Fund 10 0060- -d 70" -4.70%
: -.i- a s NA.V. Key
S s '-*- E flA I1NDi 5 Dec J 0 0 000? n VELC *asT I; month dividends dvrded by clstng price f -
52wk-Hi Highest closing price in last 52 weeks Bd S Buying price of Colna and Fldeihty 31 December 2007
52wk-Low Lowest closing price In last 62 weeks Ask S Selling pnce of Colna and fidelty "" 30 May 2008
Previous Close Previous days weighted price for daily volume Last Pnce Last traded over-the-counter price 31 April 2008
Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week "".. 30 Apri 2008
Change Change In losing price from day to day EPS $ A company's reported earnings per share for the last 12 mths J --- 6 June 2008
Daily Vol. Number of total shams traded today NAV Net Asset Value
DIV S Dividends per share paid in the last 12 months N/M Not Meaningful
P/E Closig price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index January 1. 1994 = 100
3) 4-for-1 Stock Spitl Effective Date 8/8/2007
l l. r..., c.. i p.- Effic.C.e Datale 11-.7 005
."TO B .. ..... ... VI-MRKE 24 ~- -~ -40tr I FOR MORE DATA & IIFORMAT'ON CALl 242 38i-253

I I


TO PREPARE for Sacha Scott's
journey to Vietnam, several 'high-
end' stores at the Atlantis Resort
offered to outfit the 19-year-old
beauty queen.
On Tuesday, June 10, Sasha
arrived at Atlantis for a day of shop-
ping. Her first stop was Paul and
Shark. There, store owner Pat Paul
presented the local queen with a
lounge suit to take with her on her
trip.
"If she's going to represent the
Bahamas we must make sure that
she does it in style," explained Mr
Paul.
The beauty queen also made
stops at Marina Village stores
Calypso Carousel and A La Plage
where she picked up some wares
that are sure to set her a part from
her competitors.
"She's our queen and we believe
she will represent our store and our
country very well," says Calypso.
Carousel owner Bonnie Carroljl.
Sasha's afternoon shopping
extravaganza sparked the curiosity
of lots of tourists, who watched the
local queen model the latest fash-
ions.
After a short break, Sasha made
stops at ultra-exclusive designer
stores including: ESCAPE by Vivre,


Coles of Nassau, Gucci, Lalique,
Salvatore Ferragamo and Versace.
By the end of the day, the beauty
queen had collected thousands of
dollars worth of designer clothing
and shoes that she'll be taking with
her to Vietnam.
"I'm really grateful to the stores
at Atlantis for sponsoring me. A
competition like this requires a lot
of preparation and they've certain-
ly made it easier for me. All of the
clothes and shoes I tried on and
received today are just gorgeous
and I'll wear them with pride!" said
Sasha.



Complaint against MP

FROM page one

Hammerheads Bar and Grill.
Mr Gibson was badly shaken in
the crash and taken to an upstairs
room at the bar, where he awaited
medical attention.
Suffering mainly from a "bad
cut" in his mouth, the MP said the
accident had forced him to "recon-
sider" his life. Besides the facial
injuries and the cut in his mouth,
the MP was otherwise unharmed
by the crash.

Man charged

FROM page one
found with multiple gunshot injuries
on Monday at Watkins Lane, off Pio-
neer's Way. He was taken to hospital
but died later.
His death is the sixth homicide for
the year on Grand Bahama.
McPhee was represented by lawyer
Carlson Shurland, who told the court
that his client's life would be in dan-
ger at Fox Hill Prison as death threats
had been made against him.
Magistrate Jones instructed Mr
Shurland to put the information in
writing so that it can be investigat-
ed.
She then adjourned the matter to
August 26 for a preliminary inquiry
and remanded McPhee to Her
Majesty's Prison, Fox Hill.


NOTICE
NOTICE is hereby given that PHILOGENE PHILIPPE
LIMAGE of SUNRISE ROAD SOUTH OFF BLUE HILL
ROAD, P.O. BOX SB-51996, NASSAU, BAHAMAS, is
applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason why
registration/ naturalization should not be granted, should
send a written and signed .statement of the facts within
twenty-eight days from the 14TH'day of .JUNE 2008 to the
Minister responsible for Nationality and Citizenship, P.O.Box
N- 7147, Nassau, Bahamas.


PUBLIC NOTICE
INTENTTO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, AARYN LYNNETTE
BURTON alos known as AARYN LYNNETTE BRUNSON of
2307 Doncaster Drive, Albany Georgia in the United States of
America, intend to change my name to AARYN LYNNETTE
BURTON-BRUNSON. 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.


NOTICE
NOTICE is hereby given that LOPEZ DELVA of ST
CHARLES VINCENT STREET BETWEEN CORDEAUX
& BALFOR AVENUE, P.O. BOX CR-56766, NASSAU,
BAHAMAS, is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 14TH day of
JUNE 2008 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.


PRESIDENT of the Miss Bahamas Uni-
verse Organisation Gaynell Stubbs
announced that after completing full course
of international pageantry training and the
art of photo taking in Aruba, Miss Bahamas
Universe Sacha Scott has left for for the
Miss Universe Pageant, being held this year
in Vietnam.
"With a renewed focus of capturing the
crown and sporting a new hair colour. Sacha
is determined to continue be a record setter
and pledges to make history for the
Bahamas at the Miss Universe Pageant,"
said Mrs Stubbs. "She will showcase two
major evening gowns designed by local
Bahamian designer Patrice Lockhart and
Edgar Kock, top fashion designer of Aru-
ba."
Her national costume, which features
"junkanoo flair with elements of the
Bahamian sea" was designed by both
Patrice Lockhart and Juan Pablo, the win-


Atlantis stores ensure Sacha



Scott is dressed for success









THE TAUP


The government announced yes-
terday that a 100 Day Challenge
to improve the public's experi-
ence on public transport will
begin on Monday (see page 1).
The buses taking part in the pro-
gramme will run on two new
routes. They are:

ROUTE A,starting at
MILENIUM GARDNIS
Millenium Gardens/ Bethel
Avenue/ Union City/ Harold Road/
Christie Avenue/JFK Drive/
Thompson Boulevard/ Poinciana
Drive/ Blue Hill Road/ Bay Street/
Elizabeth Avenue/ Sands Road/
East Street/ East Hill Street/ Mar-
ket Street/ Lewis Street/ Blue Hill
Road/ Poinciana Drive/ Thomp-
son Boulevard/ Russell Road/
Horse Shoe Drive/ Farrington
Road/ JFK Drive/ Bethel Avenue/
Millenium Gardens.

Route 8B, starting at
WEIZAlB AVENUE
Elizabeth Avenue/ Sands Road/
East Street/ East Hills/ Market
Street/ Wulff Road/ Poinciana
Drive/ Thompson Boulevard/
JFK Drive/ Bethel Avenue/
Tonique Williams Darling High-
way/ Christie Avenue/ McKinney
Avenue/ BethelAvenue/ JFK Dri-
ve/ Farrington Road/ Russell
Road/ Horse Shoe Drive.

ROUTE 22, starting at
FIRDERICK STREET
Frederick Street/ Duke Street/
Blue Hill Road/ Meeting Street/
Nassau Street/ Thompson
Boulevard/ JFK Drive/ Bethel
Avenue/ Milo Butler Highway/
Faith Avenue/ Faith Gardens/
Pastel Gardens/ Marshall Road/
Misty Gardens/ Marshall Road/
Blue Hill Road/ Down Town.

ROUTE 22A, starting at
FRIDIRICK STREET
Frederick Street/ Duke Street/
Blue Hill Road/ Marshall Road/
Misty Gardens/ Marshall Road/
Pastel Gardens/ Faith Gardens/
Faith Avenue/ Milo Butler High-
way/ Bethel Avenue/JFK Drive/
. Thompson Boulevard/ Poinciana
Drive/ Blue Hill Road/ Down
Town.


4



LW Junior High
School's class of
2008 graduates
in their final day
at the school on
Bernard Road.


LW Young graduates

are encouraged to

achieve their goals


TRANSFORMATION was
the focus of LW Junior High
School's class of 2008 gradua-
tion ceremony yesterday.
The eighth grade graduates
focused on the theme, 'A better
me, a better tomorrow' in their
final day at the school on
Bernard Road, before moving
on to high school in September,
Permanent secretary for the
Ministry of Education Elma
Garraway congratulated the
students for reaching a mile-
stone in their lives and encour-
aged them to create change
both inside and out.
She said: "Bad habits can
result in talented people with
creative and intelligent minds
such as yourselves never real-
ising your true potential.
"I advise you to get rid of bad
habits, or never adopt them in
the first place, and use the gift
of education to propel you to
even greater successes."


Mrs Garraway also encour-
aged students to take advantage
of the ministry's new plan to
help students achieve their goals
through the curriculum, enrich-
ment subjects, homework cen-
tres and more.
Fox Hill MP Fred Mitchell
told the graduates he has great
confidence in the Bahamian
school system and encouraged
them to continue to embrace
education.
Macy Suazo, class valedicto-
rian, told her peers: "Strive for
excellence each day, and always
listen to the wise counsel of
your parents and teachers.
"To improve the Bahamas
and the world, we must all begin
by improving ourselves.",
Proud parents, teachers and
friends of the young graduates
applauded as they collected cer-
tificates, prizes and trophies for
their individual accomplish-
ments.


Media Company seeks young persons

who are computer literate and have

some experience in QuarkXPress.


Please apply to:


DA60743

c/o Tibune

P.O. Box N-3207

Nassau, Bahamas


or fax to (242) 328-2398


m


SATURDAY, JUNE 14, 2008, PAGE 11


THE TRIBUNE










by Franklyn 8 FePguson, JP


NASSAU EVENTS CAPTURED ON CAMERA


YOUNG Entrepreneur -Beautiful Joey Dean is flanked by entrepreneurs. Joey Dean is a law student at the
College of the Bahamas and an employee of Graham Thompson and Co, Franklyn Butler Jr, vice-presi-
dent of operations of Milo B Butler and Sons, Jamal Jones, photographer and owner of J&J Imaging
which is situated in the Wyndham Crystal Palace Resort.


STO R Entrepreneur and Philanthropist Franklyn R Wilson, CMG Hatlyn Roberts, Franklyn Butler, Attorney
'Sharon Wilson of Sharon Wilson and Co, businessman and former Minister of Works Bradley Roberts.


FORMER employees of Milo B Butler & Sons Co who attended the 70th Birthday Party -; Franklyn A
Butler Sr is flanked by Doreen Deleveaux College of The Bahamas; Theresa Moss FINCO, Ethan Moss
President of JMEL Enterprises.


. TO R Family Martin Butler Student Embry Riddle Aeronautical University, Jeffrey Pinder Owner of El
phaddai Party Rentals; DamianT A Butler Manager Flying Dutchman Liquor Store & Information Tech-
)ology; Clementine Butler Retired Ministry of Tourism Franklyn A Butler Sr President Milo B Butler &
Sons; Genia Pinder, Owner of El Shaddai Party Rentals; Franklyn A Butler Jr Vice President of Opera-
tions; Dominic Butler Perishables.Buyer Bahamas Supermarkets Limited.



Franklyn Butler's 70th Birthday Bash


L to'R Educator Davis meets with former students at
Franklyn's Birthday Bash Edris Reid, former Permanent
Secretary, Businesswoman, owner of Dillet's Guesthouse Iris
Dillet, Frank Watson, former Deputy Prime Minister, Janet
Bostwick, former Minister of Foreign Affairs, Franklyn Butler,
Educator Majorie Davis, Henry Bostwick, former leader of the
BDP and former president of the Senate and Sir Arlington
Butler, The First Black Speaker of the House of Assembly.


Dianne Robertson Bahamas Wholesale
Agencies; Birthday Boy Franklyn.
A Butler Sr and Jeff Robertson President
Bahamas Wholesale Agencies.


)) FRANKLYN Augustus Butler celebrated his 70th
birthday party in grand style on Saturday May 24, at
the Holy Trinity Centre, Stapledon Gardens.
Mr Butler is the seventh of 10 children born to the
late Sir Milo and Lady Caroline Butler.
Sir Milo was the first Bahamian Governor-General
of the Bahamas (succeeding Sir John Paul on August
1, 1973), and founder of the family business of Milo
B Butler & Sons.
Frank's basic work ethic dates back to his time
working for a ice delivery service.
This was taxing business, partly because it
demanded early rising from about 4.30am to help
ensure supply from the limited production plant, and
swift delivery because the vehicles were not refriger-
pted.


Among his many teachers at Eastern Preparatory,
Eastern Junior, Eastern Senior and Government High
were Mrs. Louise Bailey-Symonette, Mr. Kenneth
Huyler, Mr. Cecil Bethel, Mrs. Anatol Rodgers, Mrs.
Marjorie Davis and Mr. Arthur Barnett. Frank aug-
mented his formal education by attending pro-
grammes at the University of The West Indies and
the University of Miami.
Following a brief period at the Public Treasury,
Frank went to work at the family business. It has
been his business foundation ever since.
Frank has been honoured by Her Majesty with The
Most Excellent Order of The British Empire, by The
Bahamas Chamber of Commerce with its inaugural
Life Time Achievement Award and by the CEO Global
Network, with its Perpetually Award.


L TO R Brent
Symonette, Deputy
Prime Minister of
Foreign Affairs,
former Deputy
Prime Minister
Frank Watson, Mr.
Franklyn Butler and
Bishop Rt. Rev'd
Laish Boyd.


. . . A .


* -* r ?


M'16*/-~ "' -^ '-i-
'.. ,-.... "-". ,. "- .' ''
s.,. f, <,: ... .' .,


3 ranklhfn (i 6. rguson, J31


ea/4 f a


(242) 357-8472


~25e-c


P.O. Box N-4659,
Nassau, Bahamas


.............................................I.............................................................................................................................................................................


PAGE 12, SATURDAY, JUNE 14, 2008


THE TRIBUNE


~-~-~e