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Full Citation
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Permanent Link: http://ufdc.ufl.edu/UF00084249/01057
 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 23, 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: UF00084249:01057

Full Text








WMAHOY


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The


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Volume: 104 No.176


MONDAY.NE 23, 2008


PRICE 750


,I II
Junior Wol



hamionsip
TAMSLCE


I '* *
* ' ' *' -


50-year-old has


his throat slit


By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
MINUTES after he had given .
her his customary goodnight kiss,
a mother was awakened by the
sound of her son being murdered
in his bedroom in the early hours
of Saturday morning.
By the time she got to him,
Burnease Robertson's 50-year-'
- old son Charles, who lived in a
room next to hers in her Market
Street residence, had his throat
slit by an assailant who she
believes had been waiting for him
when hereturned from work that
night.
He.was discovered .in a kneel-
ing position by the side of his bed,
with his head resting on his
crossed hands on the blood-
soaked mattress.
A 22-year-old Carmichael:
Road man the son of a woman'
with whom Charles had been in a
relationship is assisting police'
with their investigations into the
matter.
At her home on the corner of
Market Street and Baham'a
Avenue, 82-year-old Mrs Robert-
son said that she believes her son!
was murdered for his pay cheque
by someone who knew him and.
his routine.
He had returned from his job
as a chef "out West" at the usual
time between midnight and
lam but happened to have not
cashed his cheque as usual.
"Normally he'll knock on the,
door, I'll open the door and he'll
come in. He'll kiss me and he'll
walk in the back, put up his brief- '
case, change his clothes and come
back in here," said Mrs Robert-,
son.
"This particular night...I had
already been in his room to cut on


his light. When h in my room and I lay down. Little
while, I hear something like a lit-
tle tumbling up, I raise up my
head, I come right out to my
room door and I listen.'I aint hear
nothing I went right back to my
bed and I lay my head back
down. I still hear like a tumbling
up, so I say Charles must've buck
up to the ironing board and fall
down. So I come out, I grab the
hammer off my bed, hold it in my
right hand, and came out here.
But I didn't go straight in. If I'd
have gone straight in I wouldn't
be here to talk to you today," she
said,.
His mother believes that her
calls to her son from outside the
bedroom door provided a signal
for his killer to flee through a win-
SEE page 121


+!#

-" *'


an I'moo II


TuPnquest to investigate thousands

owed' to reserve police officers


* By MEGAN REYNOLDS
Tribune Staff Reporter
HUNDREDS of reserve police
officers owed thousands of dol-
lars in pay have won the support
of Minister of National Security
Tommy Turnquest who has
vowed to investigate the matter
further.
The reserve force of over 800
officers claim they are still owed
payment for over three months
work, and Mr Turnquest believes
the issue could be one of two
problems.
H e said: "It may be that the


officers are working more hours
than they are authorised to do,
arid that could be a problem. Or it
maybe that the divisional com-
mander is not getting the pay slips
to the pay, office in time."
Reserve officers believe there is
a hold-up in the administration
process whereby the reservist sub-
mits a timesheet recording hours
worked that month, which must
be checked and signed by a super-
vising officer at Police Head-
quarters before it is sent to the
treasury.
SEE page 12


'No major cause. for concern' over EPA


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
LOCAL business minds have down played the
possibility that signing onto the Economic Part-
nership Agreement with Europe opens the doors
for the Bahamas to be subject to even greater
free trade demands than that agreement calls for
by putting the Bahamas into a compromising
position in its future trade negotiations with the
United States.
Hank Ferguson, a consultant with the Bahamas
Chamber of Commerce, said that while it is to be
expected that the United States will use the terms


struck between the Caribbean and Europe "as a
baseline" when it negotiates the future of its trade
arrangements with the Caribbean there is no
major cause for concern.
"There's not a lot that America wants from
the Caribbean that it isn't currently getting. We're
all very dependent on direct investment from
them so they've pretty' much gotten what they
wanted bilaterally from most of the countries in
the region."
He suggested that even if the Bahamas' biggest
trading partner wins greater benefits in terms of
freedom of access for its goods and services going
into Caribbean countries than exists in the EPA
SEE page 13


I THE Defence Force and its
commodore, Clifford Scavella,
have come under fierce attack
from a lieutenant who claims to
be the first commissioned officer.
to be fired from the force.
Former US marine Lieut
Zennerman Sherman, 50, said
the force is in such a shambles
that "it is like a powderkeg
down there."
And he blasted Commodore
Scavella as an officer with a
colonial mindset who had fired
SEE page 12

Man stabbed
by a gang of

masked men
By MEGAN REYNOLDS
Tribune Staff Reporter
(A GANG of masked men
stabbed a Haitian man sever-
al times in the back when he
refused to give them cash.
The 30-year-old Haitian
was walking on St Vincent
Road, off Blue Hill Road in
Nassau, when he was
approached by three masked
men who demanded money.
When he refused, one of the
masked men pulled out a
knife and stabbed the Haitian
man several times in the back.
They left him bleeding after
the violent stabbing and ran
off without stealing anything
from the man. He was rushed
to Princess Margaret Hospi-
tal by ambulance where he is
in stable condition.
Police are appealing for wit-
nesses to the stabbing which
took place at around 7.30pm
on Saturday.
Anyone with any informa-
tion should call the police at
919.


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PAGE 2, MONDAY, JUNE 23, 2008 THE TRIBUNE


Ii LO A N W


The Bahamas to host a Thai Festival


THE Royal Thai Embassy, Ottawa, in collabora-
tion with the Thai Trade Centre, Miami, and Atlantis,
Paradise Island, will stage a Thai Festival in Nassau
this week.
Activities at the Festival to be held at Atlantis include
displays of Thai arts and crafts such as intricate fruit
carving and the weaving of flower garlands, as well as
'traditional dance performances.
The Chop Stix restaurant at Atlantis will be offering
a Thai dinner menu from June 24 to 29, where they will
introduce Bahamian edible plants and Bowers to their
dishes. The Chop Stix also will give demonstrations
on the new cooking methods. Restaurant patrons will
enjoy performances of Thai dancers and a display of tra-
ditional Northern Thai style umbrella painting. The


* art of intricate fruit carving and flower garland weaving
also will be displayed during the week.
On June 27, Atlantis will hold a luncheon in collab-
oration with the Royal Thai Embassy for underprivi-
leged children at the Ranfurly Home for Children, the
Bilney Lane Children's Home and the Children's Emer-
gency Hostel to introduce them to food and culture
from Thailand. Traditional Thai games also will be
introduced to the children. The festival ends with a
Thai dinner and cultural event that will be co-hosted by
the Royal Thai Embassy and Atlantis. All benefits will
be donated to Princess Margaret Hospital Foundation.
Questions and further information can be addressed
to Mrs. Michelle White at telephone 325-3581, 328-
5134,457-2399, or e-mail thaifestivalweek@hotmail.com.


Bahamian plans to



bring Sir Lynden's



story to big screen


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
A BAHAMIAN filmmaker living
in the United States wants to take the
story of "father of the nation" Sir
Lynden Pindling to the big screen.
Calvin Harris, a former national
champion in the 400 metre sprint who
left the Bahamas 18 years ago for the
United States, is in town with an
American production crew to inter-
view figures who were close to Sir
Lynden for a documentary he is mak-
ing.
While not revealing the full extent
of the theory, Mr Harris said he will
ask in the movie whether Sir Lynden
was a victim of what he called a "Wag
the Dog" theory, having undue atten-
tion shone upon him to divert focus
away from "another thing that was going on in his-
tory at the time."
Mr Harris added: "If everything is correct I think
we have a great opening for the film."
However, he said thatwhile the piece will show Sir
Lynden in an overall positive light, it will not shy
away from touching upon the controversy that sur-
rounded the Bahamas' first black leader.
"We're trying not to dwell on that but it does
add flavour," said Mr Harris.
To be entitled "On the Wings of Men" the docu-
mentary, set to be completed by the end of this year
is intended as a prelude to a movie, the film-maker
hopes.
A movie script, based on five years of research on
the 25-year-long leader, is already in the works.
Since arriving in Nassau last week, his team has
interviewed Myles Munroe, Bishop Neil Ellis, Lof-
tus Roker and Charles Carter and today he hopes to
get some time with former prime minister and Pin-


dling associate Perry Christie, as well
as MP for West End and Bimini Obie
Wilchcombe.
By Tuesday, he also hopes to have
won some time with Sir Lynden's wid-
ow, Dame Marguerite Pindling, with
whom he would like to probe a slight-
ly different angle of Sir Lynden's lega-
cy.
"I mean really we'd like for her to
talk about the love story part, you
know, how did you meet, how did
you end up getting married," he said.
The film-maker says he also wants
to know how Sir Lynden dealt with
the "challenges" that he faced dur-
ing his premiership; including the
Commission of Inquiry.
"How was he during those times
emotionally, how did he handle it as a
leader?"
He feels the subject matter has the
right elements to make it a success and will be pitch-
ing it to American TV networks.
"There are some really small projects that get on
air because they are unique. I think we have that
kind of uniqueness here. I think the subject is some-
thing that will interest people in that kind of cate-
gory."
He added: "What I'm learning today is that some-
times we think we know (Pindling). What I've been
learning over the last few days is that there's some
things I didn't know. Even after the four years of.
research and writing a script."
Mr Harris also sees the forthcoming film as hold-.
'ing educational value for young Bahamians.
"Hopefully come back to the Bahamas and screen
it, see what the Bahamians think about it," he said.
"I would like this piece to serve as a piece that a
lot of the youth of the country can take 90 minutes
of their time and watch it and say 'wow, I learned
something'," he added.


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
GOVERNMENT hopes to
encourage, interest in joint busi-
ness ventures with Bahamians by
' European and Caribbean
investors through the Economic
Partnership Agreement with the
European Union.
According to Minister of state
.for Finance Zhivargo Laing, the
"most significant change" that
will be made to the National
Investment Policy of the
JBahamas in light of the Econom-
ic Partnership Agreement with
the European Union will be the
opening up of some industries to
foreign participation only if the
outside investor agrees to join
hands with a Bahamian.
"One of the things that we
have always said in our invest-
.ment policy is this interna-
tional investors are encouraged
to join with Bahamians, but it's
always at the discretion of
investors. What you-will see is an


effort where we are looking to
encourage Bahamian participa-
tion," said Mr.Laing during a
press briefing on the EPA at the
Ministry of Finance.
It is not yet known which sec-
tors will be opened up to further
foreign access than they current-
ly experience on this basis.
The government has yet to
release the full offer being made
to the European Union by the
Bahamas in terms of the liberali-
sation of its service industries.
Mr Laing said that he does not
want to release the list of services
being liberalised more than they
are at present while the negotia-
tions with industry representa-
tives on the extent to which they
will open up to EU and
Caribbean competition is still
"dynamic."

Services
But he did suggest that by the
end of June less than a month
before the EPA is scheduled to
be signed in Barbados a list
should be made publicly avail-
able. "It's 95 per cent complete,"
he said of the services offer to be
made to the EU.
What has already been deter-
mined is that the Bahamas is
required to open up further to
foreign competition at least 75
per cent of its service industries.
However, according to Mr
Laing, all of the areas currently
reserved for Bahamians under the
National Investment Policy will
remain reserved solely for
Bahamians even after the deal is
signed.
These include: Wholesale and


retail operations, commission
agencies engaged in the import/
export trade, real estate and
domestic property management
agencies, domestic newspapers
and magazine publications,
domestic advertising and public
relations firms, nightclubs and
restaurants, except specialty,
.gourmet and ethnic restaurants
and restaurants operating in a
hotel, resort complex or tourist
attraction, security services,
domestic distribution of building
supplies, construction companies,
except for special, structures for
which international expertise is
required, personal cosmetic/beau-
ty establishments, shallow-water
scale-fish, crustacea, molluscs and
sponge-fishing operations, auto
and appliance service operations
and public transportation.
The EPA is a trade agreement
proposed to be signed by African,
Caribbean and Pacific countries
with the European Union. It
affects the trade in goods and ser-
vices. '
Negotiations began after it was
determined by the World Trade
Organisation that' the old trade
arrangement between EU and
ACP countries was unfair to oth-
er countries who were members
of the WTO,.as it gave ACP
countries beneficial access to the
European market that they did
not have to give Europe in return.
Government is set to hold a
series of around 12 public meet-
ings on the EPA across the
Bahamas in July to further inform
people about what it entails.
"We hope to get everyone to
understand, but I don't know if
everyone will agree," Mr Laing
said on Friday..


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Hopes of joint ventures with Bahamians


and foreign investors in light of EPA


You mLised your wedding and the birth of your child
Degrees hang on walls- a reflection of valued time
There is no stench from your shoes and unkempt room
Memories of your warm embrace are missed in our homes
A generation is simply gone much too soon

We count our blessings and give thanks to God
&till engage in altruism that you use to warm your heart
But even in the midst of the beauty and joys of our life
We can't explain how much WE MI&S YOU!

WE LOVE YOU

Love, Daddy, Mommy, Yasmine, Ashton, Mario. Luke, Leslie, Mont
Leslia, Jaydian, Mikhail. Grand Bahama Mama, uncles, aunts,
your brotherin-law, Andrew, and faithful friends.
.. .... .. -,.


AIL WiMlo


PAGE 2, MONDAY, JUNE 23, 2008


THE TRIBUNE







THETRBUN MNDACAUNL23N208,PAEI


0 In brief

Trio in custody
over alleged
breach of
fisheries law

THREE male residents of
New Providence are presently
in custody at the Marsh Har-
bour Police Stationafter they
were allegedly found in pos-
session of a prohibited fishing
apparatus, an air compressor.
At about 12.45pm on Fri-
day, a team of Fisheries Offi-
cers on Abaco were on
marine patrol off the eastern
coast of that island when they
came upon a fishing boat in
the area of Little Harbour.
Two divers were in the
water and one man was
onboard the vessel operating -
an air compressor for the two
divers.
As a result, the officers
arrested the three men a
41-year-old resident of Valen-
cia Drive, South Beach, a 35-
year-old of St Charles Vincent
Street, and a 33-year-old of
Fire Trail Road.
The fishing boat was
impounded and 744 pounds
of assorted scaled fish were
confiscated.
The men are expected to
face formal charges in the
Marsh Harbour Magistrate's
Court on Wednesday. "

8200,000
go-fast boat
stolen at Abaco

POLICE in the Northern
Bahamas are seeking the
assistance of the public, par-
ticularly boaters and pilots in
the area, to look out for a go-
fast boat that was reported
stolen at Abaco on Saturday.
David Roland, 56, of Gua-
na Cay, Abaco, and River
Edge Drive, Miami, Florida,
went to the Marsh Harbour
Police Station and reported
that s6rietime between 8pm
Friday, and 6am Saturday, his
green 27 ft Contender boat
with twin 250 horsepower
Yamaha outboard engines,
was stolen from the dock at
the rear of his residence.
The vessel is valued at
$200;000. Anyone spotting
this boat is asked to contact
the duty officer at the Police
Dispatch Centre in Freeport
at 919 or 911.


'This is a sign of




prison reform'


Minister hails

the renovated

female centre

* MEGAN REYNOLDS
Tribune Staff Reporter
THE newly-renovated Female
Correctional Centre at Fox Hill
Prison is a sign of prison reform in
action Minister of National Secu-
rity Tommy Turnquest said at the
rededication ceremony yesterday.
A $350,000 Government
investment in the facility aims to
provide women prisoners with the
right environment for rehabilita-
tion.
The building now has two air-
conditioned classrooms, a cos-
metology training laboratory as
well as two upgraded dormito-
ries, a new kitchen, laundry room
and correctional facility for
female juveniles.
Officers on patrol have been
provided with an all-weather
canopy outside the centre, where
the rededication ceremony was
attended by prison guards, offi-
cials and inmates who helped
rebuild the facility yesterday
afternoon.
In his speech Mr Turnquest
emphasised how the. revamped
female centre is a sign of better
things to come at Her Majesty's
Prison in Nassau.
He stressed that prisons should
no longer be places to which crim-
inals are abolished, but places
where criminals are encouraged
to improve themselves for rein-
tegration in society.
Mr Turnquest said: "Each
inmate that walks out of Her
Majesty's Prison returns to our
communities.
"If we honestly ask ourselves
what kind of person we want that
former inmate to be when he or
she is again our neighbour, then


MINISTER OF NATIONAL SECURITY Tommy Turnquest tours the new facili-
ties yesterday at her Majesty's Prison rededication ceremony of the female cor-
rectional centre.


we will fully grasp the importance
of prison reform.
"We will do so because of the
indisputable evidence that reha-
bilitation is best achieved through
prison systems that are well man-
aged, where facilities are suitable,
where staff development is a pri-
ority, where oppression is not the
order of the day, and where each
inmate is given the opportunity
to develop, his or her God given
talents and competence, so when
they leave this facility, they stand
the best chance of becoming
good, contributing citizens."
He added: "The rededication
of this Female Correctional Cen-
tre is prison reform in action.
"It is part of the fundamental
rethinking about crime and pun-
ishment in the Bahamas, a new
philosophy about what our
approach to these matters ought
tobe."
Other reforms at Her Majesty's
Prison in Fox Hill Road include
the installation of a state-of-the-
art composting toilet in every
prison cell at a cost of $250,000,
and the $1.3 million construction
of a new single officer's living
quarters. A wall of remembrance
has been dedicated to officers
who served at the prison.
Prison officers will have


MINISTER OF NATIONAL SECURITY
Tommy Turnquest speaks to inmates
yesterday at her Majesty's Prison
rededication ceremony of the female
correctional centre.

enhanced insurance benefits,
more opportunities for education
and training, and inmates have
been pro-actively involved in ini-
tiatives designed to dissuade
young people from a life of crime.
Mr Turnquest said: "We are
turning this institution around, to
ensure the men and women who
walk free from it will become pro-
ductive members of our societies.
"The change, however, goes
deeper.
"It is in our new philosophy,
and changes in policies, proce-
dures, practices, the prison-com-
munity partnership, in the
improvement of skills and knowl-
edge of our personnel, and in var-
ious academic, technical and
vocational programmes."


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MONDAY, JUNE 23, 2008, PAGE 3


THE TRIBUNE






PAGE 4, MONDAY, JUNE 23, 2008


THE TRIBUNE


3 6*' 0 3 *O*TE DITR


TWO years ago, President Bush declared
that America was "addicted to oil," and, by
gosh, he was going to do something about it.
Well, now he has. Now we have the new Bush
energy plan: "Get more addicted to oil."
Actually, it's more sophisticated than that:
Get Saudi Arabia, our chief oil pusher, to up our
dosage for a little while, and bring down the oil
price just enough so the renewable energy alter-
natives can't totally take off. Then try to strong-
arm Congress into lifting the ban on drilling
offshore and in the Arctic National Wildlife
Refuge.
It's as if our addict-in-chief is saying to us:
"C'mon guys, you know you want a little more
of the good stuff. One more hit, baby. Just one
more toke on the ole oil pipe. I promise, next
year, we'll all go straight. I'll even put a wind
turbine on my presidential library. But for now,
give me one more pop from that drill, please,
baby. Just one more transfusion of that sweet
offshore crude."
It is hard for me to find the words to express
what a massive, fraudulent, pathetic excuse for
an energy policy this is. But it gets better. The
president actually had the gall to set a deadline
for this drug deal:
"I know the Democratic leaders have
opposed some of these policies in the past,"
President Bush said.
"Now that their opposition has helped drive
gas prices to record levels, I ask them to recon-
sider their positions. If congressional leaders
leave for the Fourth of July recess without tak-
ing action, they will need to explain why $4-a-
gallon gasoline is not enough incentive for them
to act."
This from a president who for six years resist-
ed any pressure on Detroit to seriously improve
mileage standards on its gas guzzlers; this from
a president who's done nothing to encourage
conservation; this from a president who has so
neutered the Environmental Protection Agency
that the head of the EPA today seems to be in
a witness-protection programme.
I bet there aren't 12 readers of this newspaper
who could tell you his name or identify him in a
police lineup.
But, most of all, this deadline is from a pres-
ident who hasn't lifted a finger to broker passage
of legislation that has been stuck in Congress for
a year, which could actually impact America's
energy profile right now unlike offshore oil
that would take years to flow and create
good tech jobs to boot.
That bill is HR 6049 "The Renewable
Energy and Job Creation Act of 2008," which
extends for another eight years the investment
tax credit for installing solar energy and extends


SGlaxoSmithKline a leading global research-based
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MEDICAL REPRESENTATIVE
Reporting to the District Sales Manager, this position
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institutional brands and maintaining pharmaceutical
brands within the healthcare community in Bahamas
and Bermuda.
Functional skills and educational requirements include:
/ A Bachelor of Science degree
/ Qualified Certified Pharmacist
/ At least 5 years experience as a senior
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We thank all applicants for their Interest but only
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for one year the production tax credit for pro-
ducing wind power and for three years the cred-
its for geothermal, wave energy and other
renewables.
These critical tax credits for renewables are
set to expire at the end of this fiscal year and, if
they do, it will mean thousands of jobs lost and
billions of dollars of investments not made.
"Already clean energy projects in the U.S. are
being put on hold," said Rhone Resch, president
of the Solar Energy Industries Association.
People forget, wind and solar power are here,
they work, they can go on your roof tomorrow.
What they need now is a big U.S. market where
lots of manufacturers have an incentive to install
solar panels and wind turbines because the
more they do, the more these technologies
would move down the learning curve, become
cheaper and be able to compete directly with
coal, oil and nuclear, without subsidies.
That seems to be exactly what the Republican
Party is trying to block, since the Senate Repub-
licans sorry to say, with the help of John
McCain have now managed to defeat the
renewal of these tax credits six different times.
Of course, we're going to need oil for years to
come. That being the case, I'd prefer for
geopolitical reasons that we get as much as
possible from domestic wells. But our future is
not in oil, and a real president wouldn't be hec-
toring Congress about offshore drilling today.
He'd be telling the country a much larger truth:
"Oil is poisoning our climate and our geopol-
-itics, and here is how we're going to break our
addiction: We're going to set a floor price of
$4.50 a gallon for gasoline and $100 a barrel
for oil. And that floor price is going to trigger
massive investments in renewable energy -
particularly wind, solar panels and solar thermal.
And we're also going to' go on a crash pro-
gramme to dramatically increase energy effi-
ciency, to drive conservation to a whole new
level and to.build more nuclear power. And I
want every Democrat and every Republican to
join me in this endeavour."
That's what a real president would do. He'd
give us a big strategic plan to end our addiction
to oil and build a bipartisan coalition to deliver
it.
He certainly wouldn't be using his last days in
office to threaten congressional Democrats that
if they don't approve offshore drilling by the
,Fourth of July recess, they will be blamed for $4-
a-gallon gas. That is so lame. That is an energy
policy so unworthy of our Independence Day.
(This article was written by Thomas L. Fried-
man -
c.2008 New York Times News Service).


Speaking up


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

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

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.G.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


enforcement




officers


EDITOR, The Tribune.
THE recent article (Police
Aggression in Nassau Village),
nit a nerve in me, who the hell
do these anti-social, hop on the
bandwagon any timers think
they are? Anytime the police
come into Nassau Village or
anywhere in The Bahamas they
looking for trouble?
Please, "yinna gat to be jok-
ing!" Many of us know about
the "village" and the likes,
young men on the blocks smok-
ing dope, and hissing off at how
they hate the police "dese
young punks (young police offi-
cer), we hate dem and we'll f---
dem up if dey come round me!"
and all the spitfire from hell.
I don't always agree with
what some of these pastors get
to say, but I fully agree with
what Pastor Simeon Hall had
to say in reference to these ille-
gal immigrants thinking any
kindness extended to them is
their rights. A lot of these peo-
ple come from unstable coun-
tries, who, have been proven to
be chaotic, riotous, criminally
minded, anarchical, some from
the beginning of the 18th cen-
tury. Many, of these anti-
Bahamians come from homo-
geneous nations, why are they
so hateful and spiteful against
each other?
Where there is no fear of the
true God (Jehovah) and
through the Grace of Our Lord
Jesus Christ, all nations-will per-
ish, prove-it wat'ch.the news,
read the papers, everyday there
is gloom and doom in those
nations that do not put God first
in their daily lives. For me to
'be pretentious and hypocritical
like I am not a lover and pro-
Bahamas would be a sin on my.
head as far as I'm concerned.
If you would go to anywhere
Europe, USA, Asia, Africa, etc,
you'd find the likes of me.
The Lord has been good to
us and I pray he would continue
to look favourably on my,
beloved Bahamaland, I am
humble, and know that only His
grace and mercy has sustain this
country through good times and
bad times. Maybe, our justice
system is whack, but can we
readily say for sure that "you're
innocent till proven guilty" in
this country and not by a court
of public opinion? Or, educa-
tion is whack in this country,
but all is mandated free educa-


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the top, expos
me we'll see a
mayhem in the
brings, on rem
out the truth
only way to
B1, l d Cm'n


tion of whatever ones choos- jeuveu tuuI.
dence to thatu
ing? Our Health services maybe enceto theater in
slow and some cases equip- Cons ettinue,
ment's outdated, not sufficient minded o
manpower, but, my Lord, is it (includeterminedofg all t
not mostly free of charge? Even s .dn
to the illegal and naysayers? cers), don't gi
One time ago, almost every folks arelbehi
Bahamian household was proud I speak also fo
of, or excited to get a Police just too scare
Officer child in the family. My ust too scared
Daddy was a police officer ishow wege
"Speed Cop" until his untimely place) and ha
demise. I don't know how true continue on.
these stories are, but I was told infested areas
he was that kind of Cop who btese wt of this B
would pull you over and give continue on
you a "talk" and never arrested csisnters. We, shon
anyone. I understood he was a sisters. We, sh
well liked Cop. Nowadays, "we b oast that our
so mix-up, some a we don' crime is am s:
know where we come from, grateful to be
ain't gat no culture, no pride in and I ask all
we self" my lord! expats, reside
Like any establishment or of The Bahar
environment, you will have rot- prayers for th
ten apples, we have a rotten prayers for th
society of hoodlums, and scum- peace and G
bags, who need to be reigned this country.
in, from the drug-peddlers, gun- for your atten
trotters, prostitutes, politicians, and as always
corrupt police, defense, immi- Champion Cri
gration forces, lawyers, doctors, for allin these
illegals, anti-establishment, pas- R PRATT
tors, educators, business per- Nassau
sons, bosses, government offi- June,2008.
cials, and the likes, start from June, 2008.

Thank you Inspector


se them and trust
drastic decline in
e country. Shame,
norse, guilt brings
, this can be the
clean up Our
entry, and give cre-
wonderful slogan
The Bahamas."
you brave and
Icers of the peace
enforcement Offi-
ve up, many of us
ind you, hopefully
*r those who can't
time to write or
to speak up (that
t here in the first
ave our support,
Keep all of those
s "hot" don't let
scumbags get the
loved Country,
my brothers and
would be proud to
detection rate for
st 80 per cent or
o honoured and
e of this country,
those foreigners,
nce, status, lovers
mas, to offer up
e continuation of
od protection of
Thanks so kindly
tion to this letter,
continue be the
usader for justice
beautiful islands.


G. , ar
Garit!


EDITOR, The Tribune.
ON May 28, 2008 a call for help was made to, the Bahamas
Humane Society because a dog was howling loudly and Was either
hurt or had fallen into the canal in the Highland Park. area. Inspec-
tor Percy Grant said that he was on the way and within minutes he
arrived with a helper. They went through the bush to the canal.and
found a dog swimming in the water and frantically trying to climb
up the sides to save its own life. He was lifted out and as soon as his
paws touched the ground he ran away. This area is nothing new to
Inspector Grant because he has rescued animals from these canals
before.
The Bahamas Humane Society does a great work and they have
dedicated doctors and Inspectors who care. I would like to thank
Inspector Grant for his quick response in rescuing someone's pet
from death. Inspector Grant has such a friendly personality and is
always so gentle and kind to animals. He is always willing to assist
pet owners in any way he can and he always tries to help animals
and has their well-being at heart.
Thank you Inspector Grant!
E SWEETING
Nassau,
June 18,2008



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CARICOM. leaders hold fruitful




meetings with New York officials


* Bahamas
Information Services
BROOKLYN, New York
An expressed willingness by
Jet Blue Airways to increase
flights to the Caribbean and expo-
sure to potential private sector
engagements in the economies of
CARICOM countries were
among the benefits emanating
from the New York Conference
on the Caribbean, according to
Prime Minister and outgoing
chairman of CARICOM Hubert
Ingraham.
"All of us were encouraged by
the comments made by Jet Blue;
a substantial carrier to our region
about their willingness to increase
flights to the region, regard being
had to the high cost of fuel nowa-
days, the inclination of some to
cut back on service to the region
and the importance of tourism to
our economies," Mr. Ingraham
told reporters during a press con-
ference at the New York Stock
Exchange.
Heads and representatives of
the Caribbean Community gath-
ered in two days of meetings with
public and private sector officials
in New York, where matters of
trade, investment, touristic and
infrastructural development were
among the key -items discussed.
Heads and representatives met
with U.S. House Ways and Means
Committee chairman Congress-
man Charles Rangle who spear-
headed this year's conference and
New York Mayor Michael
Bloomberg and other govern-
ment officials before meeting at
Goldman Sachs with the New
York City Partnership and exec-
utives of a number of private sec-
tor corporations and groups.
The conference closed with a
lunch meeting with president Of
the New York Stock Exchange
Larry Liebowitz. Mr. Ingraham
added, "I believe it is fair to say,
that we were exposed to infor-
mation and potential opportuni-
ties for the agricultural sector of
our economies, the touristic sec-
tor, infrastructural development
and financing in a way I think
made it very clear that there are
opportunities for more private
sector engagement from the Unit-
ed States in the economies of


CARICOM countries."
The Prime Minister noted that
that follow-up will take place
between a number of countries
and the various entities repre-
sented at- the New York meet-
ings. This year's conference was
held against the backdrop of the
extension-of the Caribbean Basin
Initiative (CBI), which was pre-
viously set to expire in Septem-
ber, noted Prime Minister of Bar-
bados David Thompson.
He added that CARICOM's
meeting at Goldman Sachs cov-
ered a range of issues relevant to
the way financial resources from
private entities can assist the
Community in its development
effort as a region and as individ-
ual countries. A recurrent theme
throughout the conference was
the correlation between a pros-
perous Caribbean and a prosper-
ous United States.
Jamaica's Commerce and
Investment Minister Karl Samuda
stressed the importance of see-
ing beyond the "sun, sand and
sea" the Caribbean has to offer to
the wealth of investment oppor-
tunities that can be explored in
the region.
"The Caribbean offers a fan-
tastic opportunity for invest-
ment," he said. "We have the
tourism sector that has to be dri-
ven by imports into that sector.
Investment in the tourism sector
is investment for the future. The
Caribbean offers the greatest
future for tourism and expansion
for tourism."
To illustrate his point, Mr.
Samuda pointed to the high per-
centage of agricultural and infra-
structural imports needed to dri-
ve the tourism industry of CARI-
COM countries, proffering that
this makes for a "golden oppor-

T'ROICAL

EXERIATR


tunity" for the establishment of
factories in the Caribbean to pro-
duce these products.
Congressman Rangle, during
his breakfast meeting with Heads
and representatives in Harlem
underscored the importance of
the two days of meetings, indi-
cating that government officials
and private sector entities now
know the importance of the
Caribbean to the Hemisphere and
to the United States.
It was an outcome also
acknowledged by Mayor Michael
Bloomberg, who pointed out that
approximately 11 per cent of New
York City has a Caribbean con-
nection. Mayor Bloomberg also
indicated his intention to become
a member of the Lyford Cay Club
in New Providence.
Prime Minister Ingraham
meantime foreshadowed future
meetings bringing together
CARICOM leaders and private
and public sector officials in the
United States.
"I think it is fair to say that all
of us would have benefited from
what has transpired so far and we
look forward to next year in
another American city such an
event taking place, and thereafter
somewhere in our region," he
said. During his visit to New
York, Mr. Ingraham visited for-
eign service staff at the Bahamas'
Consular office. The Prime Min-
ister arrived in Washington on
Sunday afternoon to attend the
opening ceremony of the annual
Caribbean Tourism Summit.




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David Thompson and President of the New York Stock Exchange Larry Liebowitz at a press conference at the
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THE TRIBUNE






PAGE MONAY, JNE 23 2008THE TIBUN


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Fishing trip nearly ends in tragedy


M By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net
FREEPORT A fishing trip
for four Grand Bahama men
almost ended in tragedy on Sat-
urday when one man almost
drowned after diving overboard
into 20ft of water off High
Rock, Grand Bahama.
According to police reports,


Man almost drowns after diving
overboard into 20 feet of water


the 20-year-old victim is
presently hospitalized in stable
condition at Rand Memorial
Hospital.
Chief Superintendent of
Police Basil Rahming said the
victim and three other male
companions left around 8am


aboard a 17ft Island Crusader to
South Riding Point on a fish-
ing trip.
Three of the men dove into
the water, leaving one man to
operate the boat. The man giv-
ing watch noticed that one of
the men had failed to resurface


after about two minutes and
alerted the other divers.
The victim, a 20-year-old r -
ident of Lincolnshire, was -
covered floating unconscious
20ft of water.
The men pulled him aboard
the vessel and immediately
administered CPR. They were
met by police and EMS per-
sonnel at the Grand Lucayan
Waterway. He was then taken
to Rand Memorial Hospital.


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at the Moorings Marj
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was struck by lightning
and exploded. The blaze
was put out through
combination of rain and
fire-fighters.. The boat
has since sunk. 10


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THE TRIBUNE


PAGE 6, MONDAY, JUNE 23, 2008


----------







THE TIBUNEIVIU',IL)Y, JUL 2J LOCAL l-NEWS


Caribbean leaders: The


right to denounce Mugabe




insiaht


WORLD VIE

By Sir Ronald Sanders

Treachery, tribalism
and mass murder is all
that can result from a
false solution. To
cept such a Zimbabwe would
a betrayal of our people, of
r principles and quite simply
.ce dead and detained men can
either canvass nor cast votes) a
Jtrayal of ourselves" those
ere the words of a joint state-
ent by Robert Mugabe and
ishua Nkomo spoken at the
179 London Conference that led
the independence of Zimbab-
e and the election of Mugabe
President.
In his sanctioning of wanton
Rulings and detention of his. polit-
ial opponents, Mugabe has long
ihce forgotten those words.
The joint statement went on to
tate: "We must remember here
|at it has always been, and it
|nains, the basic objective of the
triotic Front to ensure that gov-
Ement of a genuine free Ziin-
fabwe is based upon free and fair
elections "
Now in a betrayal, not only of
that pledge but of all the persons
and nations that stood up for an
independent Zimbabwe based on
Majority rule, Mugabe has rigged
ohe election after the other and.
flis sworn not to accept the
results of an election on June 27th
Wit goes against him.
U~ Mugabe has disappointed his
fmost ardent supporters; he has
treated with contempt those who
t'posed confidence in him in the
face of many doubters; and worst
of all he has destroyed his own
country and devastated his own
people, thousands of whom have
ledthe country to neighboring
states especially South Africa
here in recent times they have
een beaten by resentful and
inwelcoming South Africans.
The current atmosphere in
Smbabwe is not conducive to a
ree and fair election. Fifty-three
deaths have been confirmed,
,000 people have been injured
nd 30,000 people displaced dur-
g the campaign. UN reports say
four million people are in need
bf food aid and they are being
enied help by the Mugabe
regime. The deputy leader of the
opposition party, the Movement
ftr Democratic Change (MDC),
Tendai Biti, is in police custody.
Soldiers have been ordered by
-their high command to vote for
Mugabe or lose their jobs and vil-
lagers all over the country have
been threatened with death by
the army. Ordinary people are
brutally chopped to death as an
example to others.
The governments of some
fighbouring African countries
iave now spoken out against the
staring atrocities of the Mugabe
egime. Tanzanian foreign min-
ster, Bernard Membe, whose
government is the current Chair-
nan of the African Union said:
'There is every sign that these
elections will never be free nor
fair". His conclusion has been
reached on the basis of reports
om 211 election observers inside
(he country, some of whom had
Seen two people shot dead in
ront of them on June 17.
South Africa's President,
Thabo Mbeki, could have done
uch more to bring an early end
to the destruction of Zimbabwe
And the wanton killing, by impos-
ing a trade embargo on Zimbab-
we, closing the border between
the two countries and stopping
financial transactions. Instead,
he handled Mugabe with kid
gloves and sought to reason with
im long after Mugabe had man-
"festly shown that he was beyond
reasoning.
The elections on June 27th are
now a huge farce.
If Mugabe wins the Presidential
election, no one anywhere in the
rorld could possibly accept it as
credible. Zimbabwe's economy -
already a basket case, except for
the help of China will deterio-
rate even further and Zimbab-
weans will suffer and die even
4hore. Undoubtedly, the US,
Canada and the European Union
countries will rightly apply strict
sanctions against the regime.
SThe Chinese government will
have to decide whether in the face
of Mugabe's glaring atrocities it
will continue to prop him up. It
Would be sad for the Zimbab-
Wean people if they took such a
decision.
SIf, by some miracle, Morgan
Tsvangiri, wins this deeply flawed
presidential election, Mugabe has
sworn not to accept the result.
calling the opposition "traitors",
he said: "Should this country be
tjken by traitors ... It shall never


happen ... We are prepared to go
to war for it". The response of
the EU, US and Canada and
.many other countries will be the
same the isolation of the regime
and sanctions.
Caribbean governments have a
right and an obligation to con-
demn the Mugabe regime in the
most vigorous terms and to send a
clear message now that they will
join an international effort to iso-
late his regime.
Caribbean persons such as
Shridath "Sonny" Ramphal, as
Commonwealth Secretary-Gen-
eral, played a crucial role in the
achievement of majority rule, and
the independence of Zimbabwe.
Other Caribbean leaders, at the.
time, Jamaica's Michael Manley,
Guyana's Forbes Burnham and
Barbados' Errol Barrow also
played their part in overturning
the Unilateral Declaration of
Independence by the white,
minority government of Ian
Smith. They all argued for free
and fair elections based on major-
ity rule, and an end to state sanc-
tioned killing of people who
opposed the government.
Today, Mugabe is no better
than Smith. He has spurned the
efforts of more recent Caribbean
leaders most notably P J Pat-
terson, the former Prime Minister.
of Jamaica, who as Chairman of a
group of six Commonwealth
heads of government, tried his
best to persuade Mugabe to hon-
our the path to democracy.
By the time Caribbean heads
of government meet for their
annual Conference in July in
Antigua, the result of this farcical
June 27th election will be known,
and Zimbabwe will be plunged
into a deeper morass of dictator-
ial rule and atrocities than it now
is.
At that meeting, Caribbean
governments should unhesitat-
ingly join other countries in
imposing the strongest measures
against the Mugabe regime
including intervention by the
United Nations. But even before
then, Caribbean governments at
the highest levels should let
Mugabe know publicly that they
condemn his actions and that the
elections on June 27th are not
credible.
Tyranny in any colour must
be firmly rejected.
(The writer is a business con-
sultant an*d former Caribbean
diplomat)
Responses to: ronald-
sanders29@hotmail.com to:ronaldsanders29@hotmail.com


/ 322


1 8 .'.






.- 71


LOCATED NEXT TO JOHN SHOE 8COLTORE ROSETTA ST.

LUCAJED NEXT TO JOHNS SHOE STORE RO0S EJITA SET


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Father's Day Greetings to all Fathers and
offers the following (cash only) specials:

Products Our Price Competitor's Price
Crawfish Tall $19.5011b $22.50/lb
Tenderized Conchs $5.00/lb $5.50/lb
Stone Crab Claws $8.00/lb $9.00/lb
Snappers/Kit $105.00/Kit $120.001Kit
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Grouper Fillet $10.0011b $11.0011b



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COLORS


make the grade & win!


.".,, ,-,- -


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SECOND PRIZE Hp Notebook
THIRD PRIZE iPod Touch



All primary & high school students are welcome to enter!
1. Bring your child's 2008 report card to our store on East Bay before August 30, 2008. 2. For every 'A' on their report card, they can enter to win.
3. Drawing to be held at the end of summer at a special location to be announced. Visit www.customcomputers.bs for more information.


-THE TRIBUNE


IVIi.U/AY, JUl 2';5, ZUUj ,FAUL I /


7.


-5773









1 INGRAHAM IN


SUMMIT ACADEMYWq)
Is pleased to offer:
TODDLER Camp Jumpstart
PLAYGROUP and Spanish


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Must be 2 years old
by November 1.
Full-day/Half-day/3-day program


i immersion Camp
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July 7 August 1
Ages 2-12


Lake Waterloo, East Bay Street
, Waterloo Compound
Tel: (242) 384-4781/3 for further Information


. .,w- M ..


- ,~ 'U '1'~..
'?~ ~ .


F;~7~x


q r -. -
FIYj,.w .pWWW'V ~ ,-.,,
I


3 Year Manufacturers Warranty

The Murano is a 4-door, 5-passenger sport-utility, available in 5
trims, ranging from the S 2WD to the SE AWD.
Upon introduction, the S 2WD is equipped with a standard 3.5- liter,
V6, 240 horsepower.engine that achieves 20-mpg in the city and
25 mpg on the highway. The SE AWD is equipped with a standard 3.5-
liter, V6, 240 horsepower engine that achieves 20-mpg in the city and
24 mpg on the highway. A variable speed automatic transmission with
overdrive is standard on both trims.


MURANO


ONTHE SPOT FINANCING WITH
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,S IFT....: ;


Prime Minister Hubert Ingraham was in the US for the New York Conference on the
Caribbean. While there he was taken on a tour of the New York Stock Exchange. He also
attended a dinner for the Heads of Caribbean Community at the Mayor's official residence.


- l j


PRIME MINISTER Hubert Ingraham (third from left) is pictured with Heads of the Caribbean Community who
were taken on a tour of trading at the New York Stock Exchange on Friday, June 20, 2008.


NEW YORK MAYOR Michael Bloomberg (left) chats with Prime Minister and outgoing chairman of CARICOM
Hubert Ingraham during a dinner for Heads of Caribbean Community at the Mayor's official residence on
Thursday, June 19, 2008. The dinner was part of events scheduled during the New York Conference on the
Caribbean held June 19-20.


PRIME MINISTER Hubert Ingraham is pictured a breakfast meeting between Heads of the Caribbean Commu-
nity, the New York City Partnership and private sector businesseexecutives at Goldman Sachs on Friday, June
20, 2008. Goldman Sachs is a global investment banking and securities firm.


OAF ,p
A 100-
:. P SS.. SSS



i xm. ^ f... J,


HARBOUR BAY 394-7660 / MARATHON MALL: 393-7979


the
SC; 0...










SPORTS
CENTER


S-
PRIME MINISTER Hubert Ingra-
ham is pictured with House Ways
and Means Committee chairman
Congressman Charles Rangle
outside Sylvia's Restaurant,
Harlem, New York. Heads of the
Caribbean Community met with
Congressman Rangle at a break-
fast meeting at the Harlem
Restaurant.


S


TOREWIDE


SALE RUNS JUNE 20th 28th
Net-priced and already discounted items excluded.


PHOTOS:
Sharon
Turner/
BIS Photo


I


PAGE 8, MONDAY, JUNE 23, 2008


THE TRIBUNE










NEW YORK


PRIME MINISTER and CARICOM chairman Hubert Ingraham makes a presentation on behalf of the
Caribbean Community to House Ways and Means Committee chairman Congressman Charles Rangle during
a breakfast meeting at Sylvia's Restaurant in Harlem, New York.
'muff,
IAN,,,


Z;"t'. ", I '..._ ". '-
PRIME MINISTER and chairman of CARICOM Hubert Ingraham makes a presentation on behalf of the
Caribbean Community to President of the New York Stock Exchange Larry Liebowitz following a press con-
ference at the Stock Exchange on Friday, June 20, 2008.


THE TRIBUNE


Mercedes-Benz und,.estrarid. that in the
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which helps in reducing pollutant.
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owner of a new Mercedes-Benz today.


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Call us today. for your new Mercedes-Benz at 325.4961
Wutff Road. P. 0. Box N 9123, Nassau, The Bahamas Fax: 323.4667


CEO OF JET BLUE AIRWAYS CORPORATION David Barger (left) talks
with Prime Minister Hubert Ingraham during a breakfast meeting
between Heads of the Caribbean Community, the New York City Part-
nership and private sector business executives at Goldman Sachs on
Friday, June 20, 2008. Goldman Sachs is a global investment banking
and securities firm.
A


I'i


~.


TENDER FOR THE PROVISION OF
LANDSCAPING SERVICES
(Administration Building)
The Bahamas Electricity Corporation
invites Tenders from eligible bidders for
the provision of Landscaping Services
(Administration Building) at the
Corporation's main offices at Blue Hill
and Tucker Roads.
Bidders are required to collect packages
from the Corporation's Administration
Office, Blue Hill & Tucker Roads by con-
tacting Mrs. Delmeta Seymour,
Telephone No. 302-1158.
Tenders are to be delivered on or before
July 18th, 2008, 4:00 p.m.
and addressed as follows:
Mr. Kevin Basden
General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas
Marked: Tender No. 671/08
Landscaping Services (Administration
Building) Blue Hill & Tucker Roads
Nassau, Bahamas
The Corporation reserves the right to
accept or reject the whole or such part
of any Tender the Corporation
deems necessary.


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AUTO SYSTEM EXPERTS

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The answer to rising gas prices
poor roads. bad drivers and, yes, |
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PAGE 10, MONDAY, JUNE 23, 2008 THE TRIBUNE


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LIVING up to its promise
to lead the way in fashion
modeling in the Bahamas, the
hip, new local model agency
Models242 has teamed up
with Ford Models New York
to conduct the most exciting
model search in Bahamian
history, the Ford Models
Supermodel of the Bahamas.
Beginning Wednesday,
June 25, Ford Models and
Models242 will start scouring
the Bahamas and the world to
find the freshest new face to
represent the Bahamas at the
prestigious Ford Supermodel


DR. ANTOINE

ALLEN, B.Sc.

DVM.
REMEMBERS AND SAYS

THANKS.

On the sixth June 2008, I took the
Veterinarian's oath at the oath-
taking ceremony for the 2008
graduating class of the School of
Veterinary Medicine, University
of the West Indies, St.Augustine,
Trinidad and became entitled to the
professional qualification of a doctor
of veterinary medicine.


This completed a long and challenging journey and the realization of a lifelong
dream.

It is.my humble pleasure to publicly remember and say thank you to the many persons
and institutions which have helped me through many physical and educational
difficulties to this proud day.

In thanksgiving to God, I now dedicate this my life that has been so preciously nurtured
by so many to the healing of and caring for all God's creatures great and small.

To my dad, Algernon Allen Sr., who provided me love, strength and sustenance at all
stages of my life, I say a heartfelt thanks. My achievement is the greatest father's day
gift that I can give and that he desires.

And how can I thank my mom, Senior Justice Anita Allen, who not only gave me life,
but gave me love, support and encouragement, dedicating her life to my well-being
and the realization of my dream to become a doctor of veterinary medicine.

I pay tribute to her indomitable will. She never ever despaired, no matter how difficult
the problem we faced. She always believed in me, she believed I could accomplish
my goal.

In my pain, my tears and my disappointments, my mom was my balm and comfort. In
my successes and achievements, she is my greatest cheerleader and I give her the
greatest thanks:

To my brother and best friend Al Jr., and sisters, Aliya, Amil and Phylicia, my aunts and
uncles, particularly Pauline Allen-Dean, Beryl Dillett and Stephanie Dean, my cousins
and friends, I say thanks for your love and support through all of these many years.

I also remember with love, my paternal grandmother Jestina Allen, now deceased,
who cared for me during my infancy and continuously prayed for me through the many
rough days.

To all of the following persons who treated and cared for me through my health and
physical challenges, I remember and say thanks: Dr. E-Achara,(deceased) Dr. David
Sands, Dr. Patrick Roberts, Dr. Julie Wershing, the smile maker, Dr. Ralph Millard
(Plastic Surgeon), the Pediatric Cardiology Department of Jackson Memorial Hospital,
Dr. Winston Campbell, Dr. Robin Roberts, Dr Robin Nemery (Pediatric Endocrinologist),
Dr. Barry Russell, Dr. Kendal Major and Dr. Sparkman Ferguson.

To those who guided me through my educational journey, I say a profound thank you:
in particular, Ms. Gail Wisdom, (Academia), Mrs. Shawn Turnquest and Ms. Carol Fox,
Mrs. Linda Virgill and Ms. Andrea Gibson (Speech Therapists), Dr. Deborah L. Levy
( Development Resource Center, Hollywood, Florida), staff of St Andrews School,
particularly, Ms. Lesley Sands, Ms. Cathy Roach, Ms. Siddons, Ms. Judy Reiach,
Mr. Frank Coyle. Ms. Lavin, Mrs. Cole, Ms. Julie Arthur, the staff of Pickering College
(Ontario), Carleton University (Ottawa). Ms. Legell, Administrator of the Joyce, Innis
Gibson Hall (UWI), professors, clinicians, administrative, staff and the class of 2008 of
the School of Veterinary Medicine, UWI (St Augustine).

To those who otherwise assisted me and positively impacted my life and to whom I
owe a debt of gratitude, I remember and say thanks to: my guardians and confidantes
while at Pickering College, Mark (now deceased) and his wife Tricia Irwin, my guardian
Ms. Judy Rodrigues and her family (Ottawa), Dr. Godfrey Springer, Dr. Basil Sands, Dr.
Peter Bizelle, Dr.Mark Butler. Dr. Brigette Johnson, Dr. Kwesi Smith and Dr. Winston
Davis and last but by no means least, I thank The Ministry of Education, The Ministry
of Agriculture, The Sassoon Heart Foundation and the March of Dimes Foundation,
Miami, Florida.


of the World Competition.
For the Supermodel
Bahamas finale in October,
Ford Models, along with oth-
er noted industry profession-
als, will travel to Nassau and
select a local winner to com-
pete against 51 other young
women from around the world
for $250,000 in modeling con-
tracts with the world leading
agency.
"From its inception earlier
this year, Models242's goal
was to not only find tomor-
row's next crop of men and
women supermodels right
here in our own backyard,"
says Models242 Communica-
tions Director, Christina
"Chrissy Love" Thompson,
"but we also had to find expo-
sure opportunities for them
once we discovered them.
"As we continue to orga-
nize our operations for its offi-
cial opening in October, we
are both pleased and excited
about this new and, hopefully,
long-lasting, relationship with
Ford Models and the Ford
Supermodel of the World
brand. We see this as another
positive step in bringing inter-
national exposure to the beau-
ty that so many of our young
women possess.
"At Models242, and with
the help of Ford, we are deter-
mined not to let this beauty
go unnoticed and unappreci-
ated," Ms Thompson said.
Iris Minier, director of the
Ford Supermodel of the
World, says she is delighted


. ....




.,cg "- .4--X,' a
.- -, ~


,o ^


Spriw/Smnmin r 2007 Sl7 I ia ^lh-
o ork:' I!k m i ; !,- .I:" I o'lni n a;?I a I,.-l' I Il i
1lol 'a r. I oi -oni II m i, n , .- .imOa
13- --3il 1 3. 1m to all w,.1, s '' .11- ,. 1,' .iw :dv mo l1,11 r m I't-


to have the Bahamas on
board, and in welcoming the


2 Bethel Brothers Morticians
Telephone: 322-4433,.326-7030
Nassau Street, P.O.Box N-1026

SEMI-MILITARY
FUNERL SERV~yICEFO


CONARD
JOSEPH KNOWLES,
C.B.E., 85
of Fire Trail Road and formerly
of McKanns, Long Island, will
be held on Tuesday, June 24th
at 11am at Chiist Church
Cathedral, George Street. The
Most Rev'd Drexel W. Gomez,'
assisted by Fr. Atma Badhu, The
Very Rev'd Dean Patrick
Adderley, Archdeacon Keith
Cartwright and Fr. Michael
Maragh will officiate. Interment
will follow in Lakeview


Memorial Gardens, J.F.K. Drive.
His survivors include his wife of 62 years, Annette. Children:
Ronald & Gwendolyn; Joan & Fred; Paul & Yvette; Sonia, Dale.
Grandchildren: Obiama, Khari, Justin, Kelley, Demi, and Degario.
In Laws: Pastor Edward & Velma Allen; Durward & Delores
Archer; Patricia Archer.Nephews & Nieces: Wilfred & Cecile
Knowles; Dorothy, Ruth, Rudolph, Anne Knowles; Phillip &
Marilyn Knowles; Ivy Burrows; Lottie & Gregory Rahming;
Eloise & Dex Ritchie; Isabella & Ancel Pratt; Wanda Maragh;
Andy & Louise Gomez; Astrid (God-daughter) & Dean Patrick
Adderley; Jonathan & Janette Johnson; Dr Pandora Johnson;
Gaynor Johnson; Barbara Major; Daphne Williams; Mrs. Angela
Archer; Mr. & Mrs. Anthony Archer; Florinda & Fr. John Clarke;
Valaria Smith; Fr. Delano & Agatha Archer; Persephone & Winston
McQuay; Rosamund & Carl Stubbs; Lambert, Angela M.J Archer;
Diane & Hubert Dean; Drs. Godfrey & Gerry Pinder; Melanie &
Dr. Earl Farrington; Rev.Colin & Marjorie Archer; Donald &
Debbie Archer; Albert & Alexandria Archer; Robert & Marjorie
Archer; Sir Baltron & Lady Helen Bethel; Phillip & Yvonne
Bethel; Iris & Austin Knowles; Michael & Melanie Allen; Lyn
Archer.; First Cousins: Sir Albert & Lady Laurie Miller; Carl &
Ruth Brice; Gladys Brice; Kathleen Brice; Margaret & Samuel
Davis; Thelma Pyfrom; Rosie Thrower; Inez Edgecombe; Shelia
Brice; Mary Marshall; Dr. Rosebud Foster; Dr George Lightboume.
Special Friends including: The Most Rev. Drexel Gomez & Mrs.
Gomez; Fr. Atma Budhu & Mrs. Budhu; Fr. Thaddeus & Mrs.
Pratt; Archdeacon Keith Cartwright; The Rt. Hon Hubert A.
Ingraham & Mrs. Delores Ingraham; The Rt. Hon. Perry Christie
& Mrs. Bernadette Christie; Sir Orville & Lady Turnquest; Mr.
Campbell & Mrs. Sharon Cleare; Mrs. Gracine Sermons; Mr.
Vernon Burrows; Mrs. Christine Williams; Mr. & Mrs. Roosevelt
Madison; Mrs. Bernice Madison; The Madison Family; Mr. &
Mrs. Ulric McIntosh; Mrs. Dewena Albury; Mr. & Mrs. Basil
Sands; Dr Perry & Mrs. Carmen Gomez; Dr. Duane Sands
(Godson); Dr. Ilsa Grant; Dr. Robert Gibson; Dr. Conville Brown;
His Excellency Paul and Mrs Farqharson; Mr. & Mrs. William
Patterson; Dr. Carlos & Loretta Thomas; Ms. Sandra Johnson;
Mr. Steve & Donna Bell; Mrs. Shirley Brennen; Mrs. Edna Barrow;
Mr. & Mrs. Wellington Dorsett; Mr. & Mrs. Simeon Smith; Mr.
& Mrs. Keith Mason; Dr. & Mrs. Conrad Sweeting; Mr. Marcellus
Taylor; Capt. Don and Mrs. Bridgette Symonette; Mrs. Sonia
Marshall-Rolle (God-daughter); Ms. Cleomi Parker.; Petty Officer
Daniel & Inspector Sandra Miller; Mr Aubrey Sherman; Mr. Pat
Paul; Ms. Paula Gibson. Numerous Relatives and many
wonderful friends including St. Gregory's Church Family; The
Valley; The Long Island Association; The Kidney Centre (Nassau
& Freeport); The Counsellors Limited; Knowles, McKay &
Culmer; Bayview Dental Centre; Frederic Bien-Aime; Dieudasse
Dorcelie Elaine Stubbs; and Alfreda Quant.
Friends may pay their last respects at St. Gregory's Anglican
Church, Carmichael Road on Monday, June 23rd from 12 noon
to 6p.m. A service of Thanksgiving will be held at 5p.m There
will be no viewing at the Cathedral.


island nation as the newest
member of its prestigious
model search family, she
added: "I eagerly anticipate a
successful collaboration this
year and a long-lasting, fruitful
partnership for years to
come."
Founded in 1946 by Eileen
and Jerry Ford, Ford Models
has been the leader in-the
modeling industry, represent-
ing more than 4000 talented
individuals worldwide, includ-
ing Lindsey Lohan, Christy
Brinkley, Chanel Iman,
Roshumba Williams, Sonja
Wade, Stephanie Seymour,
and Elle McPherson.
Winners and finalists of the
international Supermodel of
the World competition, now
in its 29th year, has graced the
covers of the most prestigious
magazines and appeared in
the most fashionable adver-
tising campaigns. Among
them, notable media super-
star, Chanel Iman, has already
appeared on the cover of
American Vogue, Teen
Vogue and in campaigns for
the Gap and Benetton.
Interested applicants for
the national event must be
female citizens or legal resi-
dents of The Bahamas pro-
fessional or non-professional
models living locally or
abroad, between the ages of
14 and 20 years of age, and
between 5'8" and 5'11," with a
body structure befitting the
job required.
Entry deadline for the Ford
Supermodel of the Bahamas
is September 1, and a mini-
mum of 10 young women will
be selected to be made over
for the October finale.
"With this history making
opportunity right here in our
midst," says Ms Thompson, "I
hope that the whole commu-
nity will get behind Ford Mod-
els, Models242, and the Ford
Models' Supermodel of The
Bahamas model search event,
as they are all providing our
young people with avenues for
bettering themselves and, pos-
sibly, the community of peers
around them."



"We see this as
another positive
step in bringing
international
exposure to the
beauty that so
many of our
young women
possess."


Christina Thompson


... .. ,r'
a- a 0

x, -:-"-"


THE TRIBUNE


PAGE 10, MONDAY, JUNE 23, 2008






THE TRIBUNE MONDAY, JUNE 23, 2008, PAGE 11
LOCAL NEWS


SMASHED:
Two motorists
were serious-
ly hurt after
their cars were
in collision on
Carmichael
Road on Sat-
urday morn-
ing. The vehi-
cles collided
almost head-
on.


TOYOTA COROLLA I TOYOTA AVALON I ISUZU BIG HORN
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PRE-OWNED DEPT.

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UiUI M IM- -


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*y


A


Court to hear complaints about

conduct of local govt elections


Applicants file for judicial review


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
JUSTICE Jon Isaacs will
today hear the arguments of
those who have filed for a judi-
cial review of the actions of the
minister of local government
and the parliamentary commis-
sioner in relation to the upcom-
ing local government elections.
The proceedings will begin at
9am in the Supreme Court, and
the voters who are taking action
against the minister, Sidney Col-
lie, and the parliamentary com-


missioner, Errol Bethel, are to
be represented by lawyer
Damien Gomez.
The applicants complain,
among other things, that the
Minister has purportedly sought
to change polling divisions and
the numbers of Councillors to
be elected in specific polling
divisions without notice and
without lawful authority.
The applicants also claim that
the Minister and Parliamentary
Commissioner have failed to
comply with the notice provi-
sions for nomination of candi-
dates in contravention of the


B f- S

relevant statutes. The relief
claimed includes an order pro-
hibiting the Minister from con-
ducting the Elections ultra vires
the Local Government Act and
the Parliamentary Elections
Act.


Defence Force Marine completes disaster preparedness course


LEADING Mechanic Lynden
Leadon of the Royal Bahamas
Defence Force recently returned
from a four-week disaster pre-
paredness Operations Specialist
course at a US Naval Base in the
United States. The training was
sponsored by the International
Military Education Training
*(IMET) scheme which is facili-
tated by the American Embassy.
The course was designed to
provide -officers, civilians and
enlisted personnel having respon-
sibility for disaster preparedness
and mitigation, with the skills nec-
essary to prepare for, defend
against, and recover from major
natural or man-made disasters.
The timely month-long training
was undertaken at the Centre for
Seabees and Facilities Engineer-
ing Detachment in Fort Leonard
Wood, Missouri.


Some of the topics covered
included disaster preparedness
development planning, natural
and man-made threats, threat
assessment, shelter management,
radiological surveys and hazards,
identifying chemical and biologi-
cal agents and general hazardous
threats assessment. Participants


were required to employ their
newly acquired skills through par-
ticipation in a simulated terror-
ist attack on personnel and equip-
ment. They were placed in a
chemically toxic environment at
the Chemical Defence Training
facility, and were required to
effectively diagnose complaints
associated with certain chemicals,
and administer medication to
affected personnel.
Numerous members of the
Force have now successfully
undergone the training, and they
are employed in vitally strategic
areas which can directly benefit
from their expertise should the
need arise. Leading Mechanic
Leadon is a twenty-one year vet-
eran of the Service.
* (RBDF photo: Leading Seaman
Jonathan Rolle)


1996 NISSAN


VIN# A32-1238


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we j.1 Via Drop Box Drawing
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DEATH


ANNOUNCEMENT















Jean Harris
April 17, 1929 June 17, 2008.
Wife, mother, teacher... Jean Harris embodied these
roles with dedication and devotion. Mother to five and
teacher to hundreds, all who knew her understood
that her family and her students were always her top
priorities.
Mrs. Harris passed away on Tuesday June 17th, 2008 in
Havana, Cuba. During her 77 years she touched many
lives and will leave a lasting legacy of perseverance and
commitment to excellence. She always demanded the
best of her students and gave her all to any task that
she undertook.
Wife of Carlton and mother to Elliott, Andrew, Christopher,
the late Clinton and Alexa, Jean always fostered a close
family atmosphere and fiercely defended the family
values that were so very important to her, Her ten
grandchildren were her pride and joy and always found
an open home and a warm, welcoming heart.
At Christ The King Church, Freeport, Grand Bahama,
she found her extended family. A member since 1979,
Mrs. Harris was a dedicated and committed parishioner
who cherished her spiritual home. Mrs. Harris was
instrumental in helping to start and then run Grand
Bahama Children's Library and was passionate about
literacy. Anyone who spoke to her immediately knew
that she was intelligent and articulate and simply loved
sharing her knowledge about education.
Mrs. Harris touched everyone that she met and will be
sorely missed.


acDLLr
DOLL. m


K K








PAGE 12, MONDAY, JUNE 23, 2008


THE TRIBUNE


LOCALNWI


FROM page one

him without having the power to
do so under the Defence Force
Act.
The dismissal, said Lieut Sher-
man, was the climax to years of
victimisation from senior officers
who objected to his insistence on
doing things the right way.
As a former US marine, he
found himself at odds with a
"banana republic" culture in
which young marines were delib-


Former US marine
erately held back by senior offi-
cers who felt threatened.
"As far as I know, I am the first
commissioned officer ever to have
been fired," he told The Tribune,
"but I still don't know what I
have been fired for.
"The official reason is 'mis-
conduct' but nothing has been
specified and nothing has been
put on paper."
Lieut Sherman, who was


described by US military author-
ities as an "outstanding" and
"conscientious" marine, believes
he has fallen foul of a regime
that discourages initiative and
resents an insistence on high stan-
dards.
"I feel sorry for those who are
left behind to work under Com-
modore Scavella," added Lieut
Sherman, "That base is totally
screwed up. He has turned the
whole force upside down on its
head."
Lieut Sherman left the US


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Marine Corps with an honourable
discharge in 1992 after receiving
several glowing tributes to his
commitment and efficiency.
His 12 years with the Royal
Bahamas Defence Force have,
however, been a less happy expe-
rience. He said he has been the
target of sustained hostility and
victimisation from the higher
ranks.
Despite acclaimed service in
several areas of the force, includ-
ing education of young marines,
he said he had been systematical-
ly overlooked for promotion and
deliberately marginalised and
ostracised.
"I was finally dismissed per-
sonally by Commodore Scavella,
but he doesn't have the authority
to dismiss a commissioned offi-
cer, according to the Defence
Force Act, he claimed.
"I have never received any-
thing in writing and do not know
what this misconduct is supposed
to be."
Now Lieut Sherman is consult-
ing lawyers to fight what he terms
"unfair dismissal" with a view to
setting the record straight and
upholding his constitutional
rights.
"This violates the laws of nat-
ural justice," he alleged.
Lieut Sherman, who holds a
BSc from an American college,
said he had been "a thorn in the
side" of the Defence Force senior
ranks "almost from day one."
This, he said, was because of
his tendency to speak out and
expose the force's shortcomings.
Even as education officer, he
had been told he was "writing too
much" and sending too many
marines off to school. He formed
the impression that senior offi-
cers felt threatened by younger
personnel who went away to earn
qualifications.
His dismissal came as a sur-
prise because he claimed that oth-
er senior officers had been
retained even after being accused
of such serious offences as rape..
"Fraternisation is rampant
throughout the force," he said,
"We have had a series of prob-
lems down there. We have
women marines who have chil-
dren for officers down there.
Where is the discipline? It has
gone out of the window."
Emphasising that there were
many "excellent" marines in the
force, Lieut Sherman said he had
only ever advocated positive
changes for the organisation.
But senior ranks had ignored
scholarship offers for younger
staff and resented any opportu-
nities for exposure which came
their way.
"I don't know why we have this
mentality where we eat our young
and don't see any reason to see
our people advance. It seems the
officers are afraid."
Lieut Sherman said he had nev-
er had problems with the rank
and file. But they had admitted
being his worst enemy because
of the way they praised him in
front of his fellow officers.
"The officers are incensed by
this. I have been squeezed out
because I do my job too well. I
agitated for a review of the force,
which was badly needed. How-
ever, this review has never been
tabled. In the end, they obviously
thought it was best for me to be
kept away from everything."
Lieut Sherman also believes


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certain officers were suspicious
of his US connections. "There
appears to be ambivalence and
mistrust of the US in the force,"
he said.
His insistence on writing
reports on anything he saw wrong
was not appreciated, he said.
"These reports were at odds with
the culture. Our Defence Force
has not yet come into the modern
era. We still have a colonial mind-
set.
"If you challenge the com-
modore, he regards you as dis-
loyal. But my loyalty is to the
organisation and the people of
the Bahamas, not the individual
who sits in the chair."
When he was fired, he was
"escorted off the base like a com-
mon criminal" by military police,
he said.
"He had me escorted to my
house to collect my uniforms.
How do you dismiss a commis-
sioned officer from any force
without any paperwork?
"I think it is a blatant abuse of
authority.
"We have had officers who
have been investigated for rape,
drugs and other horrific things,
yet I am the one being fired."
Lieut Sherman claimed the
leadership did not have the vision
to bring the force into the 21st
century. "We just don't have the
mechanism in place to develop
our officer corps to the level
where they should be," he said.
MInister of National Security
Tommy Turnquest said: "I have
spoken to Lieut Sherman per-
sonally, I have gone through the
allegations that the Defence
Force has placed against him and
I was satisfied that the Defence
Force was acting in accordance
with its regulations."
When asked to expand, Mr
Turnquest said he thought it best
for the Defence Force to go into
the details. He added: "It doesn't
serve anyone well to discuss per-
sonal matters in the press."
The Defence Force was
unavailable for comment before'
The Tribune went to press.


Man murdered


in his bedroom

FROM page one

dow in her son's bedroom.
"When my eyes behold this
load of blood, I say 'Oh Lor4L
they killed my child'," said the
82 year old as she described the
scene upon entering her son's
room.
Standing over his body, Mrs
Roberston said she called to
her son to speak to her, but he
was already dead. He was still
wearing his chef's uniform he
had on when he came home
from work.
Chief Superintendent of
Police in charge of the central
detective unit Glenn Miller said
there were signs of a struggle
in the victim's bedroom.
Drawers were pulled open
and Mr Miller suggested that
an accomplice had been search-
ing the room as the attacker
fatally wounded Mr Robertson.
Neighbours reported
seeing two young men running
from the scene, claimed his
mother.
Friends of Charles, who had
gathered at a nearby grill where
Charles would have spent his
Sunday if he did not have to
work, remembered Charles as a
popular and humble person.
They said he did not deserve
the death he suffered.
Philip Newton, who had
known Charles for about 15
years, said: "I haven't smiled
since about 2am yesterday
morning. As far as I can tell,
all Charles had was friends."
Ellis Turner, a neighbour,
remembered Charles as some-
one as a "good person (who)
was always talking about God."
"He tried to help all of us
here," he said.


Tupnquest to investigate 'thousands

owed' to reserve police officers

FROM page one
Whatever the reason, officers who work long hours on the
reserve force, are falling behind on their rent and bills. Many offi-
cers are single parents struggling to survive without adequate pay.
They had not been paid for any work throughout the year until
The Tribune publicised their plight in May. And then they were paid
for just three months work. They are still owed payment for the.
three months they have worked from March until now.
Reserve Chantelle Stuart, 33, a single mother of one, was owed
more than $3,000 for her hours since the start of the year. She was
struggling to pay her mortgage, car payments, school fees and elec-
tricity bills before the first payment came through in May.
She said: "Every time you work you put time in and the police
officer signs it. All the time keeper has to do is add up the time and
put the stamp on it.
"How many months does it take him to add up time sheets?" she
wondered.
During his budget communication Mr Tumquest praised the
work of the police reserves, calling them, "an extremely important
organ of the police force." He told the House of Assembly that pay
problems for the officers had been corrected.
The statement led reservists to believe Mr Turnquest had been
given the wrong information and called for him to investigate the
matter.
Mr Turnquest said: "I am very disappointed to hear that some
reserves are not being paid, and I am understanding they are not
getting paid until a month later and that should not be happening.
I need to investigate the matter further and I will do that when I
can."



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'No major cause for


concern' over EPA


FROM page one
- which would automatically
cause the benefits in the EPA to
adjust to be the same thanks to
a particular clause in the agree-
ment the timeframe over
which that liberalisation will
occur will not change from that
set out in the EPA.
As it stands, the EPA allows
the Bahamas and other African,
Caribbean and Pacific countries
between three and 25 years to
adjust to its requirements -
something that Minister of State
for Finance Zhivargo Laing has
repeatedly sought to emphasise.
Meanwhile, Dionisio
D'Aguilar, president of the
Chamber of Commerce,
claimed that whether or not the
Bahamas ends up being subject
to a more demanding trade
agreement with the U.S. w1l
have no bearing on the situa-
tion on the ground.
"The reality is that we will
sign these agreement but we
will get huge windows, 10, 12, 15
years which doesn't allow these
companies to come, and then
when they do show up we're
going to make it as difficult as
we possibly can through
bureaucracy to stop them from
starting here because it's just
not politically feasible."
He used the example of
Japan, a developed first world
economy which does not allow
the importation of rice, a prod-
uct it produces, as evidence of
how governments can sidestep
the most damaging effects of
free trade agreements.
Meanwhile he suggested that
the United States would at any
rate have little interest in enter-
ing the Bahamian economy to
any greater extent than it
already has.
"Even if an agreement said
'Yes, Walmart can come down
here'. What purpose would it
serve? It would completely
obliterate our economy and
then we'd all jump on boats and
go to America. So it's not in
their interest," he said.
It is the Caribbean Basin Ini-
tiative (CBI), a non-reciprocal
arrangement between the U.S.
and the Caribbean that allows


some Caribbean goods to enter
the U.S. free of duty, that is due
to expire in the next two years,
prompting a renegotiation.
Director of Economic Plan-
ning in the Ministry of Finance
Simon Wilson admitted on Fri-
day that it is likely that when
the Bahamas and other
Caribbean countries negotiate
the future of the CBI with the
United States that the U.S. will
ask for the same or more mar-
ket access benefits in Caribbean
countries than the Europeans
are set to get in the EPA.
"Whatever preference the
region has given the Europeans
the US is probably going to ask


for it and get something more.
And if the region decides that
the US gets more than the
Europeans, the Europeans will
automatically get that," he said.
Stephen Lande, a former
United States Trade Represen-
tative, said in Guyana's Stao-
broek News newspaper last
week, that Caribbean negotia-
tions with the EU have "under-
mined its relations with the
United States" to the extent
that Caribbean countries will
no longer be able to get their
trade benefits in the U.S. with-
out returning the favour when
the CBI comes up for consid-
eration.


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THE TRIBUNE


f flTil~ao'l~
'"ias








PAGE 14, MONDAY, JUNEL23,A2008TEHESTRIBUNI


,.U t"


2008 Lifetime Achievement Award


Businessman Franklyn


R. Wilson to receive


Bahamas Chamber of


Commerce honour


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opment of business enterprise
and his immense contributions
to the Bahamian community at
The Chamber's annual awards
banquet on Saturday, June 28 at
8.15pm at the Sandals Royal
Bahamian Resort. During the
awards The Chamber will also
announce its Businessperson of
the Year, Entrepreneur of the
Year and Business of the Year
winners.
Mr Wilson, Chairman of Sun-
shine Holdings Group of Com-.
panies and a Chartered


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MR FRANKLYN WILSON, Chairman of Sunshine Holdings Group of
Companies, will receive The Bahamas Chamber of Commerce's pres-
tigious 2008 Lifetime Achievement Award at its annual Awards Banquet
and Silent Auction on Saturday, June 28 at 8.15pm at Sandals Royal
Bahamian resort.


Accountant by profession, has
over the years distinguished
himself as a 'first class' enter-
prising entrepreneur, business-
man and civic leader having
played a significant role in cre-
ating job opportunities, as well
as making home ownership a
reality and access to tertiary lev-
el education possible for count-
less numbers of Bahamians.
"It is with great pleasure that
The Bahamas Chamber of
Commerce recognizes the
invaluable contributions made
by Mr Franklyn R Wilson to
the Bahamian society. His
visionary leadership, relentless
pursuit for business excellence
and his unselfish and philan-
thropic acts are unmatched by
any other Bahamian business
leader, therefore we hold the
view that he is most deserving
of this coveted award," said
Dionisio D'Aguilar, President
of The Bahamas Chamber of.
Commerce.
Philip Simon, Executive
Director of the Chamber said
that Mr Wilson was selected
from among 15 worthy candi-
dates by the organisation's
Executive Committee.
"Once the votes were tallied,
it was evident that Mr Wilson
was the chosen winner. He is
obviously, a notable business
leader, with an impressive track
record like our past Lifetime
Achievement winners for 2007,
Mr and Mrs David and Nancy
Kelly, owners of Kelly's who
have positively impacted the
Bahamian community for the
better."
In his present capacity, Wil-
son also serves as Chairman of
F R Wilson & Co Ltd, Finan-
cial Advisers, the successor firm
to F R Wilson and Co, Charted
Accountants founded in 1971;
SChairman of Sunshine Holdings
Ltd, the original holding com-
pany for the group of investors


as a member of the Board of
Directors of The Bahamas
Monetary Authority, which lat-
er evolved into The Central
Bank of The Bahamas.
The business leader is also
the founding chairman of The
Bahamas Chapter of both the
Young Presidents' organisation
and the World Presidents'
Organisation. He is a founding;
member of The Bahamas Insti-
tute of Chartered Accountants
and member of the Institutes of
Canada and Jamaica.
In 2002, Mr Wilson was pre-
sented with the Commander of
the Distinguished Order of St
Michael and St George (CMG)
by Her Majesty the Queen. He
has received numerous leader-
ship awards including bping
recognized in the silver anniver-
sary of the country's Indepen-
dence in 1997 by the Govern-
ment of The Bahamas and he
was presented with The
Bahamas Chamber of Com-
merce's Distinguished Citizen
in Business Award in 1980.
Mr Wilson was graduated
with an honours degree in Com-
merce from Dalhousie Univer-
sity. He pursued selected grad-
uate studies in Management at
the University of Miami and in
Banking from the American
Institute.
He is married to attorney-at-
law and former Chief Magis-
trate 'nd Senate President,
Sharon Wilson formerly Lock-
Jhart. The couple has three chil-
dren and four grandchildren.


SVrangler X



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who became known in The
Bahamas as the "Sunshine
Boys"; Chairman, Arawak
Homes Ltd,. which has devel-
oped more residential homes
than any other company in the
history of The Bahamas; Chair-
man, RoyalStar Assurance Ltd,
one of the largest general insur-
ers in The Bahamas; Chairman,
Sunshine Insurance (Agents &
Brokers) Ltd, Bahamas Asso-
ciate of Marsh,. the world's
largest insurance broker; and
Chairman, Eleuthera Proper-
ties Ltd, land.developer in
South Eleuthera.
Mr Wilson currently serves
as a Trustee at Elmira College
inElmira, New York, Director
of Junior Achievement World-
wide andas a member of the
Finance Committee of the
Anglican Church.
A former Member of Parlia' '
ment having served under the
Progressive Liberal Party
administration from 1972 to
1977, Mr Wilson is one of the
youngest persons in the history
of The Bahamas to have been
elected. He also served as.
leader in the Senate for the.Pro-
gressive Liberal Party.
Mr Wilson is the founding
chairman of Junior Achieve-
ment in The Bahamas, and'
served as chairman for ten
years. He also served on the
Council of Economic Advisers
to the Bahamas government
and chairman of the Council of
The College of The .Bqbamas,.
Additionally, Mr Wilson served


PAGE 14, MONDAY, JUNE 23, 2008


'1
so ;*


THE TRIBUNE-




MONDAY, JUNE 23, 2008, PAGE 15


0ALEW


9
*AHMAS


SAL


A-
U


THE TRIBUNE












Zimbabwe opposition leader



pulls out of presidential runoff

N By ANGUS SHAW
HARARE, Zimbabwe


a.-,






,. -

MORGAN TSVANGIRAI, leader of the main opposition party in Zimbabwe
speaks at a press conference in Harare, Sunday, June, 22, 2008. Tsvan-
girai said Sunday he is pulling out of this week's presidential runoff
because of mounting violence and intimidation made it impossible to hold
a credible poll. Tsvangirai announced his decision during a news confer-
ence in Zimbabwe's capital after thousands of ruling party militants
blockaded the site of the opposition's main campaign rally in,a now rou-
tine pattern of intimidation.


Opposition leader Morgan
Tsvangirai pulled out of Zim-
babwe's violence-wracked pres-
idential runoff yesterday,
declaring that the election was
no longer credible and the loss
of life among his supporters was
simply too high, according to
the Associated Press.
The announcement cleared
the way for President Robert
Mugabe to continue his 28-year
rule, despite mounting con-
demnation from even loyal.
African allies that the former
independence hero has become
a despot who has bankrupted
the country's once thriving
economy.
"We can't ask the people to
cast their vote on June 27 when
that vote will cost their lives.
We will no longer participate
in this violent sham of an elec-
tion," Tsvangirai said.
He addressed a news confer-
ence in Zimbabwe's capital
after thousands of militants loy-
al to Mugabe prevented oppo-
sition supporters from gather-
ing for its main campaign rally.
As night fell, militia groups
roamed the capital and hotels.
.sent their workers home early
out of fear for, the safety. Nor-


MEMBERS of the ruling party Zanu PF militia, beat unidentified people at the venue of the proposed Movement
for Democratic Change (MDC) party rally in Harare, Sunday, June 22, 2008. The main opposition party was giv-
en approval by the courts to hold a rally ahead of a run off election set for June 27, but some thousands of rul-
ing party militants armed with sticks and stones, blockaded the site of the opposition's main pre-election rally
Sunday, in ye.t another show of the intimidation that has characterized President Robert Mugabe's campaign.


mally busy Sunday traders
packed up early.
Tsvangirai called on the Unit-
ed Nations, the European
Union and the Southern
African regional bloc to inter-
vene.
He said he would put forward
new proposals by Wednesday


on how take the country for-
ward. The opposition has
repeatedly said it would wel-
come a government of "nation-
al healing" including ruling
ZANU-PF party members but
not Mugabe himself.
Zimbabwean Information
Minister Sikhanyiso Ndlovu


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said Friday's runoff would go
ahead in accordance with the
constitution and to prove
Zimbabweans' support for
Mugabe, who has held power
since independence from
Britain in 1980.
"The constitution does not
say that if somebody drops out
or decides to chicken out the
runoff will not be held," Ndlovu
said. "It is an election of the
people of Zimbabwe against
Britain and America," he said,
returning to the government's
theme of portraying Tsvangirai
as a puppet of Western powers
out to re-colonize Zimbabwe.
The opposition, Britain and the
United States reject such claims.
Tsvangirai won the first
round of the presidential elec-
tion on March 29, but did not
gain an outright majority
against 84-year-old Mugabe.
That campaign was generally
peaceful, but the runoff has
been overshadowed by violence
and intimidation, especially in
rural areas. Independent human
rights groups say 85 people have
died and tens of thousands have
been displaced from their
homes, most of them opposi-
tion supporters.
Ndlovu reiterated, govern-
ment claims that the opposition
was to blame for the violence.
Tsvangitai complained thai "
he was being treated likea
"common criminal," with his
attempts to tour the country
stymied by police at roadblocks.
The state-controlled media
have banned opposition adver-
tisehients, clainmng they "con-
tain inappropriate language and
information." The media cited
one ad that claimed that Tsvan-
girai won the election, "which is
not the case, hence the runoff."
Tendai Biti, the opposition,
party's No. 2, was arrested with-
in minutes of his return from
South Africa last week and is
being held on treason charges.
Tsvangirai had hoped to
address his main campaign ral-
ly for the runoff Sunday after-
noon. But thousands of ruling
party militants blockaded the
show ground site and set up
road blocs at the main approach
streets, ripped branches from
trees and hurled stones at cars.
Hundreds of militants, many
with sticks and wearing ZANU-
PF ruling party colors, marched
past its headquarters chanting
slogans. ZANU-PF trucks,
warning lights flashing and
crammed with passengers cir-
cled the grounds.
The oppositionMovement
for Democratic.Change claimed
that the militants were beating
opposition supporters who were
trying to reach the venue and'
said at least two were seriously
injured. It said the militants
attacked journalists and forced
African election monitors, who
had been driving around the ral-
ly site, to flee. Election monitors
could not immediately be
reached for comment.
Zimbabwe has barred West-
ern observers and most jour-
nalists, but permitted African
election monitors.
Mugabe has shrugged off
mounting international con-
demnation. But never before
has he faced such criticism from
other African leaders who now
openly say Mugabe is an embar-
rassment.
Even one of Mugabe's
staunchest allies, Angolan Pres-
ident Eduardo dos Santos,
urged him to end "all acts of
intimidation and violence,"
while current African Union
chair Tanzania said it doubted
the elections would be free and
fair. The leaders of Rwanda and
Kenya which have both suf-
fered deadly political violence
- have been especially
scathing.


PAGE 16, MONDAY, JUNE 23, 2008


THE TRIBUNE


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DIlNAMI SWAP nkbamok 16111 ldlf loyalmold


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TRIBUNE e Sg
MT R I B U N EO 2




MONDAY, JUNE 23, 2008

11 bsineHtriunem edi ti


Broker's executives 'breached


Abaco Markets


fiduciary duty' in $26m collapse Q1 profits hit by


* B, NEIL HARTNELL
Tribune Business Editor
A Bahamas-
based bro-
ker/dealer's
top executives
have been
slammed for "mismanage-
ment" and "breach of fiducia-
ry duty" in allowing client
assets to be commingled and
used as collateral for other
failed investments, something
that caused the company to
collapse from a $25-$26 mil-
lion trading loss in one
account.
A report, filed with the
Supreme Court by Anthony


* Liquidator slams Caledonia management, Board for commingling
client funds and using them as collateral for failed trading account
* Court report alleges executives tried to keep assets away from
creditors and liquidation through transfer to two related entities
* Claims top executives transferred $8m worth of client bonds
to cover losses without permission
....... .....................................................-.-..-.........-.............................-......--......-...........................................-


Kikivarakis, the Deloitte &
Touche accountant acting as
Caledonia Corporate Man-
agement Group's liquidator,
revealed a number of ques-
tionable investment practices


Financial services growth

strategy more important

than the EU worries


* By NEIL HARTNELL
Tribune Business
Editor
TH4E Bahamas should focus
more on'the development
strategy for its international
financial services centre over
the next several years, a for-
.mer Bahamas Financial Ser-
vices Board (BFSB) chairman
told The Tribune, rather than
worry about developments
such as the European Union's'


Moree: 'White List' anti-
competitive, but full impact
on Bahamas not known

(EU) so-called 'white list'.
Michael Paton, an attorney
and partner with the Lennox
Paton law firm, said the
Bahamas' and other interna-

SEEpage 2B


by the company's senior man-
agement that have left their
clients desperately seeking the
return of $104 million in invest-
ed assets.
WVarning that "clients will
1i' '


suffer losses", because Cale-
donia's assets were unlikely to
be sufficient to cover what is

SEE page 4B


Regulators meet

City Markets over

its late financial

i By NEIL HARTNELL Business can reveal.
Tribune Business, Officials from the capital
Editor markets regulator are als<
.. understood to have met wit]
SECURITIES Commis- the company's auditors
sion officials on Friday met KPMG (Bahamas), on the
with Bahamas Supermarkets same day, one of the sub
executives over the compa- jects for discussion likely tc
any's ongoing failure to pub- have been whether the Cit:
lish its audited financial Markets chain operator ha
statements for fiscal 2007.
with the end of fiscal 2008
just days away, Tribune SEE page 6B
. ,. w - ,. -


electricity spiKe


* By NEIL HARTNELL
Tribune Business Editor
ABACO
Markets'
president told
The Tribune
that the com-
pany's fiscal
2008 first
quarter finan-
cials have
"seen a drop
in profitabili-
ty" due to
soaring ener-
gy costs, the
company estimating in its 2007
annual report that its electrici-
ty bill is likely to increase by $1
million year-over-year.
Gavin Watchorn said the
full-year utility bill estimate
Was based on costs for the first
two months of its financial
year, adding that the compa-
ny had "just reallocated our
Budget to spend more on ener-
gy-saving measures".
Abaco Markets had origi-
nally planned to invest
$250,000 in enhancing air con-
ditioning system efficiency in
its Nassau-based Cost Right
and Solomon's SuperCentre
stores, but had since expanded
the initiative to look at gener-
ating electricity for parking lot
lights via solar panels. A major
in-store energy conservation
effort among staff was also
planned.
Acknowledging that the
increase in energy costs had,.


Retail group expects
$ 1m utility bill rise
in fiscal 2008

eaten into margins and prof-
itability for the 2008 first quar-
ter, which covers the Febru-
ary-April period, Mr Watchorn
said: "The price of oil is 50-60
per cent higher than last year.
We've taken a conscious deci-
sion not to pass 100 per cent of
the cost increases on to cus-
tomers, because their cost of
living is going up as well.
We've looked at other ways to
offset the situation, rather than
increasing prices, which is the
easy thing to do."
Despite the first quarter
impact,. Mr Watchorn said
Abaco Markets had initiated
payroll savings and a number
of other cost reduction mea-
sures to combat soaring energy
and food prices. He added:
"We've done a lot of things
that will have an impact from
the second quarter onwards."
In the company's annual
report, its chairman and chief
executive, referring to the
increase in oil and other com-
modity prices, said: "We
expect these increase to trans-
late into a staggering increase
in utilities alone which are
tracking to increase approxi-
mately $1 million in 2008."
Meanwhile, Mr Watchorn

SEE page 7B


*


IndiGo plans late summer

post-paid Abaco launch


i By NEIL HARTNELL
Tribune Business Editor
INDIGO Networks, the only
legal fixed-line competitor to
the Bahamas Telecommunica-
tions Company (BTC), plans
to launch residential and busi-i
ness post-paid services in Aba-
co by late summer, its pre-paid
services unveiling in
March/April 2008 having
"gone very well".
Paul. Hutton-Ashkenny,
president of IndiGo Networks
and its parent, Systems
Resource Group (SRG), said








$5.65



5 $5.69


5.71



,i . .


the pre-paid launch in Abaco -
after a frustrating three-year
wait until the Public Utilities
Commission (PUC) resolved
a dispute with BTC in its
favour had been "pretty
much what we expected".
. "It's all gone very well. Ini-
tially, we launched our pre-
paid services, and we expect
to launch residential post-paid
by late summer. We'll do cor-
porate pretty much at the same
time," he told The Tribune.
IndiGo Networks' infra-
structure build-out in Abaco
is still awaiting approvals for
all its planned Radio Tower
masts, with permissions needed
from bodies such as the Civil
Aviation Board for the vari-
ous sites.
Mr Hutton-Ashkenny said
IndiGo would invest $1 mil-
lion in building out its Abaco
network, and $1 million-plus
in doing the same in east and
west Grand Bahama. Further
investment was likely on both
islands as the company's infra-
structure expanded to meet
customer demand.
"We've got some work to do
in getting radio towers out to
both locations, and that's not
going to be much before the
end of the year," Mr Hutton-
Ashkenny added of east and
west Grand Bahama.
In its core New Providence
market, IndiGo Networks was
"seeing reasonable growth on
the corporate side", and had
launched its residential services
"in a wider fashion" via some

SEE page 5B


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Stamp exemption's




return ends property




'fence sitting'


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
BAHAMIAN realtors are
hearing from clients previous-
ly 'sitting on the fence' when it
came to property purchases,
following the Government's
decision to reinstate the stamp


tax exemption for first time
home buyers and increase the
ceiling to $500,000.
Bahamas Real Estate Asso-
ciation (BREA) president
William Wong called the Gov-
ernment's decision to reinstate
the stamp tax concession for
first-time homeowners up to
an increased threshold of
$500,000 as "Christmas com-


ing early", of the exemption, industry pro-
"It is especially great that fessionals are hearing from
they included land purchases clients who beforehand were
as well. I am so glad that they on the fence about a particular
listened to us; it is something property, and are also seeing
that is long overdue," Mr persons looking at more
Wong said expensive pieces of property.
He was a guest on the first The exemption can equal
episode of the new TV pro- tens of thousands of dollars,
gramme, The Financial Voice. Mr Wong said, which means
Mr Wong said that because that persons can put that mon-
ey into repairs, landscaping or
towards purchasing appliances
.7or furniture.
The president of the
Bahamian Contractors Asso-
ciation (BCA), Stephen Wrin-
kle, added that he was hopeful
that the proposed incentives
for the real estate and con-
struction industry contained in
the 2008/2009 Budget will be
enacted quickly to ensure the
benefits of increased activity
in the sector can be felt
throughout the economy.
Commenting on the mea-
sures that Prime Minister
Hubert Ingraham outlined in
his Budget cotnmunication ear-
lier this month, Mr Wrinkle
said it will do much to jump-
start the economy.
"We need to get things mov-
ing quickly," he said, noting
R, that many of the proposals will
require changes to the law. "It
will take some time for the
benefits to trickle down to the
economy."
Mr Wrinkle pointed out that
the current construction slow-
down begun last year during
the time of the general elec-
tion, when there was a halt in
development, and said it was
time to get "shovels in the
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.ALTH PROMOTiON WEE(

FITNESS RUN,WALK. PUSH
ENTRY FORM
Date: Saturday. June 28. 2008
Time: 6:00 a.m.
. Route: at the steps of the Main Entrance to the Central Bank. north on
Frederick Street. West on Bay Street to Goodman's Bay.
Entry Fee: (FREE)
Entry Deadline: Friday, June 271h, 2008 AT 12 NOON
For Risiraiin. pleiasc contact
Ms L L nenie Bo,%leg 302-.',''. S ,cpliie Green 3'12-080S or Mrs Brindget Roker 302-%9.75
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should refrain from signing up for the race. Entrants should consult their physician
before participation in the event.
Signature of Participant: Date:






Refreshments will be served


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


THE TRIBUNE


PAGE 2B, MONDAY, JUNE 23, 2008








THE TIBUN MONAY, UNE 2, 208,IPGESS


Government to




create pension




Task Force


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE Government will like-
ly soon appoint a Task Force
to examine the feasibility of a
mandatory national pension
plan, minister of state for
finance, Zhivargo Laing, con-
firmed.
Speaking at a RoyalFidelity
seminar last week, Mr Laing
said Prime Minister Hubert
Ingraham had given him the
mandate to begin inquires into
creating a Task Force, which
will seek to examine the best
way of implementing such a
programme. It would be oper-
ated much the way that the
National Insurance Board
(NIB) is, with both employees
and employers making set con-
tributions.
Mr Laing said that given the
mindset of the majority of
Bahamians when it came to
making salary deductions, and
their wariness in accepting
change, he expected the idea of
such a programme would be
met with a great deal of oppo-
sition. This happened at NIB's
inception, and the outcry over


the proposed National Health
Insurance (NHI) plan.
However, he pointed out
that given the very poor sav-
ings habits of Bahamians and
the increasing numbers of
elderly Bahamians who are
now experiencing financial
adversity, such a national pol-
icy could be extremely benefi-
cial for the country.
Mr Laing added that with
the possible implementation of.
such a policy, the Bahamas was
actually on the cusp of the one
of the most important devel-
opments in its national history.


Cyril Theriault, superinten-
dant of pensions for the Cay-
man Islands, which has imple-
mented such a national manda-
tory pension programme,
explained that in their scheme
all workers and employees
must make contributions total-
ing a minimum of '0 per cent of
income.
While the payments are
mandatory, employees do have
the option of selecting which
fund manager they wish to
handle their accounts. There
is immediate vesting of all pen-
sion payments, and the normal


N TWICE
To the clients of
The Counsellors Ltd
The office
WILL BE CLOSED
on Tuesday, the 24th June
Due to the passing of Mr. Conrad J. Knowles,
the father of our President,
Mrs. Joan Albury


age of retirement on the island
is 60.
Mr Theriault added that in
the case of expatriates, who
must under Cayman law leave
the country after seven years,
the funds may be transferred
with them.
Hillary Deveaux, executive
director of the Securities Com-
mission of the Bahamas, told
the seminar that currently the
options available to Bahami-
ans were personal pensions or
saving plans, and national con-
tributions in the form of NIB
benefits, which primarily seek
to protect against absolute
poverty.
Currently, personal pension
funds are not regulated by the
Securities Commission.
If a national plan is imple-
mented, Mr Deveaux said that
there would need to be addi-
tional legislation in place, and
fund managers would need to
be regulated.
He also stressed that if a
national pension plan did come
to the fore, there would need
to be investor education put in
place.


DOCTORS HOSPITAL




AGM

Annual General Meeting


A reminder to all of


our Doctors


Hospital Health System shareholders
that your attendance at the 2008 Annual
General Meeting is very important to
us. The meeting will be held at the
British Colonial Hilton Hotel, Nassau,
Bahamas. We look forward to seeing
our shareholders there.


Location: British Colonial Hilton Hotel
Date: Thursday, June 26, 2008
Time: 5:30pm



DOCTORS HOSPITAL
H*IMlsabfrLw


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resource?

Wednesday, June 25
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For more information call 393-1317

Public meeting will feature a presentation on the
Natural History of the Lionfish presented by
Lakeshia Anderson,
Department of Marine Resources.
The presentation will be followed by
a hands-on demonstration by
Bahamian lawyer, conservationist and fisherman
Alexander Maillis II,
who will teach you how to cook and clean
LION FISH, a delicacy in the Asian kitchen.


Come
prepared to be
surprised.
This lecture is
sponsored by the
BNT and the
Department of
Marine
Resources


THE TRIBUNE


MONDAY, JUNE 23, 2008, PAGE 3B







PAGE 4B, MONDAY, JUNE 23, 2008


CASHIER


Small retail store specializing in girls'
accessories is seeking a Cashier. Must
be computer literate, pleasant and well-
groomed. Prior expereince preferred.



Submit resumes to:
ecooke@coralwave.com or tel:


394-7019
for further information.




NOTICE
(In Compulsory Liquidation)
IN THE MATTER OF CORSAIRE LIMITED
AND IN THE MATTER of THE
INTERNATIONAL BUSINESS COMPANIES ACT Ch. 309
Statute Laws of The Bahamas, 2000 Edition

NOTICE IS HEREBY GIVEN that by Order of the Court dated
the 16th day of June, 2008, Mr. Lynden Maycock, of Higgs
& Johnson of Ocean Centre, Montagu Foreshore, East Bay
Street, Nassau, Bahamas, has been appointed Liquidator of
the above-named Company.
Dated this 20th day of June, 2008.
HIGGS & JOHNSON
Chambers
Ocean Centre, Montagu Foreshore
East Bay Street
Nassau, Bahamas
Attorneys for the Petitioner


THE TRIBUNE;




Broker's executives breached


FROM page 1B

owed to its 494 clients, Mr
Kikivarakis said that apart
from commingled funds he had
also detected what appeared
to be an attempt to keep a sub-
stantial portion of the compa-
ny's assets away from creditors
and the liquidation by trans-
ferring them to related enti-
ties.
He added that Caledonia's
two most senior executives also
appeared to have transferred
$8 million worth of bonds, held
in trust on behalf of two
clients, without their permis-
sion to cover losses in the
problem account.
A copy of Mr Kikivarakis's
report, which has been
obtained by Tribune Business,
said: "From my initial investi-
gations thus far, the company
and its clients have suffered a
loss of between $25-$26 mil-
lion, due to mismanagement
of the company's fiduciary
assets under its control.
"The loss was primarily
incurred by the trading of secu-
rities in the Ron Wyles
account, but has impacted
more than 92 other clients,
whose assets were commingled
in an Omnibus Account, and
some 42 clients would have
had assets sold from their
accounts. However, other
accounts in the Portfolio of
Funds (mutual funds clients)
may also have been affected."
Those 42 clients had seen
their securities portfolios
"depleted partially or com-
pletely" between February 11-
12, 2008, the latter date being
when Caledonia was initially
put into voluntary liquidation


1 Baxnk of The Bahanras
4o > i__. ~r M T, F !E
NOTICE
Notice is hereby given in accordance with Section 64 of the Securities Industry Act,
1999 that Mr. Samuel Haven has resigned from the Bank of The Bahamas Limited
effective June 19, 2008.


II I !e11ie!ary -. .-0 -. E I.-..





I RAL A TOR




Core responsibilities:

* Performs operational and compliance audits and prepare comprehensive
reports in credit areas of all branches and departments.
* Performs audit reviews and audit testing for any major new system
implemented by the Bank.
* Reports any suspicious activity or possible fraud discovered.
* Reviews and verifies the Bank's weekly and monthly consolidated,
financial reports.
* Assists with special audit reviews, projects and investigations.
* Assists external auditors during year-end audits.


Knowledge, Skills and Abilities:


* Detailed understanding of the credit (loan) process of the Bank.
* Strong written communication skills, in particular of audit terminology.
* Ability to communicate regulatory compliance information to internal
persons
* Bachelor's degree along with relevant professional certification or three
(3) to five (5) years of banking experience.
* Strong accounting and auditing skills to analyze financial statements.
* Computer literate Ability to use Electronic Working papers, MS Word
and Excel.

Benefits include: Competitive salary commensurate with
experience and qualifications; Group Medical (includes dental and
vision) and Life Insurance; Pension Scheme.



Interested persons should apply no later than
June 27th, 2008 to:


DA 63503A
c/o The Tribune
P.O. BoxN3207
Nassau, Bahamas


(later to become court-super-
vised).
Mr Kikivarakis, noting that
13 of those clients had lost
more than 50 per cent of the
value in their securities port-
folio, said these investors were
affected because the Canadi-
an broker through which Cale-
donia traded, Jitney, had sold
"the most marketable securi-
ties" owned by the Bahamian
broker/dealer and its clients to
cover losses from the Ron
Wyles account.
"The assets of the clients
should not have been pledged
or used as collateral without
their express consent," Mr
Kikivarakis said. "Manage-
ment and directors of the com-
pany [Caledonia] were in
breach of their fiduciary duty
to protect their clients' assets
by allowing Mr Wyles to trade
on margin without adequate
collateral......
"The company [Caledonia]
is accountable to its clients for
fiduciary assets held under its
management for approximate-
ly $104 million........ In my
opinion, the assets [fiduciary
and otherwise] currently avail-
able for distribution to clients
will not represent a full recov-
ery of the assets managed "by
the company, and clients will
suffer losses."
Given the nature of Caledo-
nia's collapse and potential
scale of client losses, the
episode is another one that
could damage the Bahamas'
reputation as a 'blue chip'
international financial centre.
Nor does it reflect well on
Caledonia's senior manage-
ment and directors, especially
its chairman, Matthew McNeil-
ly; managing director, William
Jennings; and senior vice-pres-
ident, Robert Dunkley.
Hinting that he and his attor-
ney, former Attorney-General
Alfred Sears, were consider-
ing legal action against some
of Caledonia's senior execu-
tives, Mr Kikivarakis warned
that he was "receiving advice
about possible claims by the


company against targets in the
Bahamas".
The nature and scope of
legal action, though, will
depend on the Deloitte &
Touche partner's ongoing
forensic investigation of Cale-
donia and its management, and
whether funding can be
secured from creditors/clients
to support the liquidation.
And the Securities Commis-
sion, Caledonia's primary reg-
ulator, on February 13, 2008,
had written to Deborah Fraser,
director of legal affairs in the
Attorney General's Office, set-
ting out its concerns over the
situation.
Among the Securities Com-
mission's main concerns was a
"threat to the recovery of
investors' funds" due to the
transfer of client and company
assets from Caledonia to two
affiliated entities, Ecosse Cor-
porate Services and Ecosse
Management Services.
Mr Kikivarakis said the two
companies had the same direc-
tors, shareholders and man-
agement, having been formed
on July 19, 2007, and licensed
as financial and corporate ser-
vices providers. Caledonia act-
ed as their registered agent.
The Securities Commission,
which has assumed the Inspec-
tor of Financial and Corporate
Services Providers responsi-
bilities, has refused to renew
the licences for both Ecosse
entities for 2008, the liquida-
tor's report revealed.
"From my investigation thus
far, I have determined that
Ecosse Corporate and Ecosse
Management were capitalized
by assets transferred out of the
company [Caledonia] in cash
and kind, paid by [Caledonia]
to those companies or directly
through one of its sharehold-
ers," Mr Kikivarakis wrote.
Some $1.453 million was
transferred from Caledonia to
the Ecosse entities in this way,
resulting in Caledonia's assets
of $906,099, and $641,776, in
shareholder equity as at
December 31, 2006, being


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reduced to $268,113 and
$211,722 respectively as at the ,
February 12, 2008, liquidation.
date. H
Mr Kikivarakis said Caledo- _
nia management admitted that .
the creation of the Ecosse enti-
ties, ostensibly to segment the
companies various business
streams, "coincided" with the,,
start of trading losses and ',
problems in the Ron WylesA
account.
The liquidator said the trans-
fer of Caledonia's corporate
and investment advisory busi-
nesses, by way of dividends to
the two Ecosse entities from
its retained earnings, meant
the former would "have had
to rebuild its operations and
would have to have been
recapitalized". Among the
assets allegedly transferred
were Caledonia's $40 million
funds business.
In addition, a number off,
Caledonia clients had seen
their assets transferred from
the commingled account with
the Canadian broker, Jitney,
to the Ecosse entities after the
Ron Wyles account started to
incur losses.
These clients "may have
escaped a substantial portion)
of the loss incurred" by Cale- ;
donia, Mr Kikivarakis said,
with the company left with "no
sustainable operations and lit-1I
tle capacity to generate rev-1
enue". I
He added: "No considera-'
tion was given by Ecosse Cor-
porate and Ecosse Manage-
ment to [Caledonia] for the;
transfer of the assets and oper-
ations to them. It was there-
fore my opinion that the partial
transfer of assets, fiduciary or'
otherwise, and operations of
the company to Ecosse Cor-
porate and Ecosse Manage-
ment was without substance.
"It was my view that all
aspects of the business and
operations should have been
returned to [Caledonia]."
As a result, Mr Kikivarakis
obtained a March 7, 2008,
Supreme Court order requiring
that the two Ecosse entities
return to Caledonia all client
and company assets trans-
ferred to them since July 2007.
Mr Kikivarakis recorded
how Caledonia's road to ruin.-
began in October-December
2006, when a retired broker,
Ron Wyles, contacted Mr
Dunkley at Caledonia to
inquire about setting up a trad-
ing account for an associate, I


SEE next page


Bahamas National Trust


Summer Camp:

Dry Places and Wet Spaces


Have your children participate in

fun learning in the Outdoors


Ages:
Daily Hours:

New Providence:


5-12
8:30 am 12:30 pm

July 21 July 26


July 28 August 2
Venue: The Retreat, Village Road


Available spaces:

Grand Bahama:


35 (first come, first served basis)

July 7- 11


Venue: The Rand Nature Centre,
East Settler's Way


Available spaces:

Cost (per week):


35 (first come, first served basis)

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


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


I







THE TRIBUNE


fiduciary duty' in $26m collapse


FROM page 4

George Georgiou. It was
opened in Mr Wyles' name,
and structured as a $3 million
margin facility, meaning that
shares in companies would be
pledged as collateral.
Some $15 million in shares in
two Nasdaq companies were
supposed to have been pledged
as collateral, but this had not
happened when Caledonia
opened the account. Instead,
securities held in Mr Geor-
giou's wife's name were*
pledged as collateral instead,


but still nothing was placed
into Caledonia's Jitney account
before trading started.
It was the failure to obtain
proper collateral for the Ron
Wyles account that ultimately
sunk Caledonia, and Mr Kiki-
varakis wrote: "Effectively, the
Ron Wylbs account was being
funded by Jitney, secured by
the pool of assets in the
Omnibus account, which com-
prised of other [Caledonia]
clients' assets."
In early 2007, some $6.194
million was advanced via two
loans to the Ron Wyles


account by Caledonia to pur-
chase shares in the two Nas-
daq companies whose stocks
were originally supposed to
have been pledged as collater-
al. These loans have not been
repaid.
Mr Wyles and Mr Georgiou
then failed to comply with Jit-
ney's limits on short-selling.
"To comply with Jitney's new
trading limits, [Caledonia]
transferred approximately $8
million worth of bonds to Jit-
ney, such being held on behalf
of two clients," Mr Kikivarakis
said.


IndiGo plans late



summer post-paid



Abaco launch

FROM page 1B
Sha e yo new soft advertising in both Nassau
Share yourn ews p and Grand Bahama.
"We're seeing some good take-
The Tribune wants to hear up on the Voice over Internet Pro-
from people who are tocol residential product. We
making news in their turned the spigot on on that a
neighborhoods. Perhaps Y. month ago in May, and are seeing
you are raising funds for a some good growth in that," Mr
good cause, campaigning Hutton-Ashkenny added.
for improvements in the "We don't want to become a
area or have won an victim of our own success. We
award. ,.., want to make sure we give good
If so, call us on 322-1986 service, and exceed people's
and share your story. expectations and demands. We've
and share your storymanaged to do that very well."






Are you interested in studying Law? Holborn College in conjunction with the Univer-
sity of Huddersfield is currently accepting students for the September session. To
learn more plan to attend an information session Wednesday July 2 at 6 p.m. at the
British Colonial Hilton Resort. Prof Michael Newns from the university will be in
...-. attendance. Call Success Training College at 324-7770 to register.

r i .


"The bonds were held in
trust by [Caledonia], through
Mr Jennings and Mr McNeilly,
who were trustees of the enti-
ties that owned the bonds. This
was done without reference to
these clients."
As the Ron Wyles account
position continued to deterio-
rate, Jitney advised Caledonia
that it would hold all securi-
ties in the company's name as
collateral for the debt, some-
thing that ultimately led to the
February 11-12 sell-off and the
Bahamas-based broker/deal-
er's liquidation.






on Mn ay


B.. .. Y'.. '.,I*... ......


Rainbow Owners Open House
All Rainbow Cleaning Systems Owners are invited
to An Owners Open House

When: Saturday 28th June, 2008
Time: 10:00a.m. 12:00p.m.
Venue:,.Oerflow Enterprises Ltd.
Royal Palm Mall, Mackey Street, dbove
Fashion Hall ]

Forgot how to use your RainbowlP
Lost parts 4 ,
Need Supplies? .. water
Need a refreshers demo
Owners Open House is where you need to be!!!

Phone: 394-5314 or 393-2159
Fax: (242) 393-2493
Email: ouerflow@batelnet.bs
Website: www.rainbowsystem.com
Also see the new Rainbow E2 Series'
Space is limited soregisteriea'rly... .,; ,. -


PESorPTrNDr1, aPlN,



C,. r irs, "ti.'i,3, :' fi r,, ., t f '.1.ar,'l Fl.,-a :Iru tled n the rorth end of North BImlni. Bahamas Bmlrn Bay Resort
n "ir. | I. ,:i: .;. n .:. .? ,-dn a tr pDn: fine Bonamiaor, be.aches. Lng rkno n .3as a paradise for aong'er and divers
e b 1,,1.,,,-,1 e.. 6 e ,' :?r Ie: r le :. r '-pron; 0,r hrn moa.f a n minmrno g toveler Bimw I Boy aMangementnf L aOin alnd
prtes min, B-, Rerort & Mnarina

Bimini Bay Resort & Marina seeks to hire professional individuals for the following positions:
HEAD CHEF: Will be responsible for the day-to-day operation of the kitchen to train, supervise and work with
all cooks and culinary staff to prepare and present food according to hotel standard recipes to create quality food
products.
REVENUE MANAGER. Will be responsible to assist with overseeing the Reservation Department and maximize
over61il hotel revenue through development and implementation of effective transient/group inventory and pricing
strategies based on future demand forecasts.
ROOMS MANAGER: Will be responsible for short-term and long-term planning and day-to-day operations of
rooms and related areas. Ensuring the effortless and seamless movement of guests in and out of the hotel and providing
exceptional levels of guest service throughout our guests' stay.
SECURITY OFFICERS: Will be responsible for safeguarding resort/hotel property, assets, guests, visitors and
employees.

We offer an excellent benefits package and competitive compensation.
For full consideration, all Interested applicants should forward a copy of their resume' to the attention of
MANAGER OF HUMAN RESOURCES
at gbullard'@biminlbayresort.com or fcA to (242) 347.2312











Core responsibilities:

* Prepares loan portfolio balance, loan repayments and loan payoff
reports using the Banks banking software.
* Prepares accounting entries for posting via the Accounting Department.
* Processes Loan applications for two main entities.
* Prepares letters outlining loan portfolio balances as Well administrative
fees debited from accounts.
* Liaises and answers all queries from various portfolio holders.
* Audits work on a daily basis.


Knowledge, Skills and Abilities:

* Core accounting/math skills to calculate, reconcile reports or files.
* Basic knowledge of Bank operations to advise in or correct reconciliation
errors.
* Oral and written communication skills to interact with associates and
external persons.
* Computer literate Ability to use Electronic Working papers, MS Word
and Excel.
* Associates degree, or Institute of Financial Services Certificate.

Benefits include: Competitive salary commensurate with
experience and qualifications; Group Medical (includes dental and
vision) and Life Insurance; Pension Scheme.



Interested persons should apply no-later than
June 27th, 2008 to:


DA 63503B
c/o The Tribune
P.O. BoxN3207
Nassau, Bahamas


Financial Intelligence Unit

DOCUMENT IMAGING CLERK

Applications are invited from suitably qualified persons for the post of Document
Imaging Clerk at the Financial Intelligence Unit (the "FIU").

JOB SUMMARY:
The successful candidate will be responsible for coordinating and executing the
daily processes of prepping, scanning, indexing and verifying documents, managing
and maintaining high volume scanners and adhering to deadlines assigned by
management.

CRITICAL COMPETENCIES:
The successful applicant must have:
* Strong Data Entry and keyboarding skills;
* A working knowledge of Microsoft Office Products (Word, Excel, Power
Point etc.);
* Pay attention to details, and takes pride in their work;
* Good interpersonal skills;
* Ability to effectively work individually or in a team environment;
* Competence in performing multiple functional tasks;
* Excellent communication skills both verbal and written.

KEY RESPONSIBILITIES:
* Responsible for retrieving files and returning them for filing;
* Assemble and prepare documents for imaging;
* Scanning and indexing of documents for up to eight hours a day;
* Review imaged documents as a quality control measure to ensure
acceptable image was captured;
* Independently operate scanning hardware;
* Maintain all logs and reporting-documentation;
* Adhere to organizational procedures and guidelines;
* Perform other tasks as assigned by manager.

EDUCATION & EXPERIENCE:
* Minimum requirement: An Associate Degree from an accredited tertiary
institution;
* Related experience is preferred but not required.

Interested persons should submit their applications and resumes in writing along
with the relevant certificates by 27" June 2008 to:

Anthony M. Johnson
Director
Financial Intelligence Unit
P.O. Box SB 50086
Frederick Street
Nassau, Bahamas


BUSINESS I


I


1VI .. I1 Ld( -1I Ua, % -1..._ a .4,- A t..u, I /-'%.AL- L .O









THE TRIBUNE


PAGE 6B, MONDAY, JUNE 23, 2008


BUSINESS


Regulators meet City Markets over its late financial


F oiM Oi 'ilitM141


INDEPENDENT AUDITORS' REPORT
PURSUANT TO ART. 156 OF LEGISLATIVE DECREE No. 5 OF FEBRUARY 24,1991
(TRANSLATION FROM THE ORIGINAL ITALIAN TEXT)
To the Shareholders of
Intesi Sanpaolo S.p.A.
. We have audited the consolidated financial statements of Intesa Sanpaol9 S.p.A. and its
subsidiaries (the Intesa Sanpaolo Group) as of and for the year ended December 31, 2007,
comprising the balance sheet, the statement of income, changes in shareholders' equity and
cash flows and the related explanatory notes. The financial statements are the
reponsibility of the C panys Management Board Our responsibility is to express an
opinion on these financial statements basd on our audit.
2. We conducted our audit in accordance with the auditing standards and procedures
recommended by CONSOB (the Italian Stock Exchange Regulatory Agency). In
accordance with such standards and procedurs, we planned and performed our audit to
obtain the Information necessary to determine whether the consolidated financial
statements are materially misstated andif such consolidated financial statements, taken as a
whole, may be relied upon. Anaudit includes examining, on a teat basis, evidence
supporting dhe amounts and disclosures in the financial statements, as well as assessing the
appropriateness ad correct application ofthe accounting principles and the reasonableness
of the estimates made by the Management Board. We believe that our audit provides a
reasonable basis for our opinion.
The consolidated financial statements include the comparative data of the preceding year.
As. described in the explanatory notes, the comparative information related to the
consolidated financial statements of the precedin year, on which we issued our auditor'
report on March 29, 2007. have been modified pursuant to the International Financial
Repon ing Standard 5. We have examined the methods adopted to restate the comparative
financial data for the same period of the preceding year and the information presented in
the explanatory notes. in this respect for the purpose of our opinion on the consolidated
financial statements as of and forth year ended December 31,2007.
3. Inouropinion,thece Iaeds n altatsenetsofbAtesasanpaIloS.p.A.at December
31, 2007 have been repa in accordance with Inteational Financial Repbrting
Standards as adopted by the European Union and with the measures issued to implement
an. 9 of the Italian Legislative Decree No. 312005; accordingly, they present clearly and
give a true and fair view of the financial position, the results of operations, the changes in
shareholders' equity and the cash flows of Intema Sanpaolo S.p.A. (the Intesa Sanpaolo
Group) for the year then ended.
Turin. March 27,2008


Reconta Fnst & Young S.p.A.
Signed by: Guido Colona, partner


0 Mlmw. t.mlf e Ji S.upA.
lV...0 IOWi-. IN A
Pti. awt Aa n. m l too)U.
IKi s ti'Alho eial-drfrd iaidinq j a b
0.,-shivbitsOW 1. 2.a"l..an.0W1 de 1M7-1"p


10. Ca, ashdcieqululais




20. kitsnais h hM f tluft
Go. ut fbomk banks
70. am1ou0is M Ms '
7. ..


-l "-" "g : ,l i". U n lBtp lM ,t^,', ,:: ',*';;. .'
. f "l ll 'i "-iU.:. f'. nl ,., ':"" '"' "
an g sM idb I m I aM' u a 'u "p G e '
mm bl n an t .'.. ..ct


-.....- :- . ..,. .. .. ,,
aT... andeq. n V :


*1' 5


Nnn~cweut anal, tidal bride and dhg~ilenuad opmatets
Os---


onM.on .o |fvo


3453
52.755
ism
34.5,4
5.S23

355.215


.2.017
t'1 : "* 12

! s.22

549

5,151
2 14
S 7.97.


!' 0.1*
5.fe

4.222
tOSS


120.B30
873

2.18






A3 I302
S1,i0
'to ia


, I .


a.1.m


TOW A.a..t
K^ p H udae f I.~ la blake.


Consolidated balance sheet
S . mlios of wuo)


10. Oue tobb s 67.' s 39.954
20. Oetculmt m .1 ; 12.7
30. S"curidtisued 139. 9 80,029


40. Final iliitie hela for trtdin
SO Fnancial ablites deignatM d at fair value t ug profit and tlos
60. Hdgigdeiw s .
70. Fair value change of iMnmaa i a itbM in lit i poartfoh tel)
80. TaxliltO a
) aCu'i


b)delfmvered
90. .4h
so. Lbaubtioesmadaimw thno.cuaintms .urns

100. OtherHabliWt
110. E toy Mmfl mkdiln asli e
120. All w naM ar s diiml ndtwga
hfahwnftwmtbeft
h)otheadow 'c4s
130. TchniwAl m m
140. Valuatio nees at
150. Rtemburs*tl ishra
160. Ntuly iunsrusn
170 .'eseve
180. Shie premium rtimV
190. Sharecapit*
200. Trasluiysuamt (-)
210. Mir-ortly in Mtf./)
220. Net iKm aCOWe)


27.270
2.234
a4


17.951 7.711
1.485 1.1S8
4.193 2.115
486 310
3.707 1.805
21.571
59 1.209


5.712
33.4A7


7.250Z .559


Siures relative Io 0ruppo Int .


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


ii ERNST& YOUNG


COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Commercial Division


a U tromil &it -&we A.
(.iMi, V lhi n e .
11l78TD. m


2008
COM/com/00011


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

ADVERTISEMENT OF PETITION
.....................................................-.-.....

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

AND that the said Petition is directed to be heard before
Mrs. Donna Newton, a Registrar of the Supreme Court,
sitting at Nassau on the 2nd day of July, 2008 a't 12:00
o'clock in the afternoon, and any creditor or contributory
of the said Company desirous to support or oppose the
making of an Order on the said Petition may appear at
the time of the Hearing in person or by his Counsel for
that purpose; and a copy of the Petition will be furnished
by The undersigned to any creditor or contributory of,
the said Company requiring such copy on payment 6of
the regulated.charge for same.

Dated this 4th day of June, 2008

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

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


FROM page 1B

interim statements that it can
publish.
Tribune Business under-
stands that the Securities Com-
mission is likely to have
pressed Bahamas Supermar-
kets directors to publish unau-
dited management accounts on
the company's financial per-
formance, so that minority
investors holding some 22 per
cent of its issued share capital
can at least gain an insight into
its financial performance.
The last financial informa-
tion released by Bahamas
Supermarkets was published
in August 2007, providing an
update on its 2007 third quar-
ter performance, during which
net income dropped .by $0.3
million from $1,9 million to
$1.6 million.
Since then, the company has
failed to publish its financial
for the 2007 fourth quarter and
year-end, which was June 30
1


I J


last year, in addition to its 2008
first and second quarter audit-
ed statements. The third quar-
ter financial are due to be
published before June-end,
given that public companies
have 90 days after the period
ends within which to publish
interim statements, a deadline
that appears likely to be
missed.
Tribune Business under-
stands that one difficulty that
the Securities Commission has'
in dealing with the Bahamas
Supermarkets situation is that
while public, the company is
not listed, since it trades on the
over-the-counter market, not
BISX.
While any BISX-listed com-,
pany would likely have had
trading in its shares suspended
if it was caught up in a situa-
tion similar to that of Bahamas
Supermarkets, its non-listed
nature effectively gives it
another loophole to exploit in
the Securities Industry Act.


Now, with the end of fiscal
2008 fast approaching on June
30, Bahamas Supermarkets is
in the unenviable position of
being almost a year late with its
financial statements.
The timely filing and disclo-
sure of public company finan-
cial information is key to main-
taining an orderly market in
their shares, through ensuring
that all investors have access
to the same data at the same
time. The longer Bahamas
Supermarkets' financial remain
unpublished, the greater the
opportunity that some
investors will have to access
'inside information' and exploit
that to their advantage.
The delay in the 2007 finan-
cial statements and audit has
been caused by the transition
from the former majority
shareholder, Winn-Dixie, to
the new owners, Bahamian
and Barbadian buyout group,
BSL Holdings, the consortium
that acquired the majority 78
per cent stake in Bahamas
Supermarkets for $54 million,
plus $2-$3 million in acquisi-
tion costs, in summer 2006.
The- audit problems have
stemmed from the fact that
Bahamas Supermarkets shed
Winn-Dixie's operating sup-
port. and technology systems
in early 2007 the second half
-of its financial year without
any replacement accounting
system being in place.
This has forced KPMG audi-
tors to have,to rely on manual
records when verifying the
financial, requiring them to
have gone through hundreds
of Point-of-Sale records from
the company's 12 stores to
build a sample large enough
to be able to support their con-
clusions and give the Bahamas
Supermarkets accounts an
unqualified opinion. Given
that Bahamas Supermarkets
generates between $130-$140
million in annual sales, this is
no small task.
One source said Bahamas
Supermarkets had been "pen-
ny wise and pound foolish", as
its eagerness to exit a transi-
tion agreement with Winn-
Dixie something that would
have caused it to pay $1 million
a year, plus a 5 per cent mark-
up on all goods purchased via
the US retailer had left it
without replacement systems.
The early exit from the Tran-
sition Agreement saved
Bahamas Supermarkets
$500,000, but that could easily
be sucked up by extra audit
costs.
Investors will also be eager
to see whether Bahamas
Supermarkets has remained
profitable, given that its BSL
Holdings majority owner is
reliant on dividends
upstreamed from the company
to service the $5 million pref-
erence shares and $24 million
in bank debt (from Royal
Bank of Canada) it took on to
finance the acquisition.
BSL Holdings' investors
include Barbados Shipping &
Trading, Fidelity's -private
equity arm, and the hotel
industry pension funds.


.so.


12.


t,,!;0.


140. Taxa aa.

0) fAMe


ISO.
1CO.


Media Company seeks young persons

who are computer literate and have

some experience in QuarkXPress.



Please apply to:



DA60743

c/o Tribune

P.O. Box N-3207

Nassau, Bahamas



or fax to (242) 328-2398


i b l : 1 ii I I I I III I I I


s I










E THE TRIBUNE MONDAY, JUNE 23, 2008, PAGE 7B9





Abaco Markets Q1 profits hit by electricity spike,


FROM page 1B

said the food items where
import and Stamp duties were
eliminated in the 2008-2009
Budget would go "a long way"
to easing the burden on con-
sumers when it came to those
particular items.
While the 2 per cent Stamp
Duty reduction on another 160
items would have less of an
impact, the Abaco Markets
president told The Tribune:
"The disappointment foe us in
the Budget was that we were
hoping somehow the Govern-
ment would do something on
price control. The margins on
price-controlled items have
gotten squeezed, and I'm sure
you're hearing that from every
retailer and wholesaler..
"We were hoping to have
some relief on that, but we did-
n't."
The problem for Bahamian
retailers and wholesalers when
it comes to price-controlled
items has been that the cost of
commodities that fall under
this status is changing so rapid-
ly that the Price Control
Department cannot respond
fast enough to requests for
price increases. As a result,
many retailers and wholesalers
end up making a loss on ship-
ments of price-controlled
goods they are forced to sell
at the old price, their mark-


ups being fixed.
Mr Watchorn said that with
"the sheer volume of price
increase requests coming
through the system, there are
going to be delays", especially
given that multiple retailers
and wholesalers were often
submitting numerous requests
at the same time.
The Abaco Markets presi-
dent said dairy, wheat, grain
and oil-based food products
were. those that had seen the
sharpest price increases since
the New Year, with sugar the
only major commodity not to
experience a drastic increase.
As an example, while the
price of a gallon of milk was
on average $5 some 12 months
ago, Mr Watchorn said it was
not being sold to consumers in
Nassau at between $6-$8 per
gallon, a rise of 20 per cent or
more.
Meanwhile, Abaco Markets'
Domino's Pizza brand is set to
open its 10th outlet later this
summer in the Seagrapes
Shopping Centre, Prince
Charles Drive, in eastern New
Providence.
"The lease was finalised a
couple of weeks back. We've
started work on it. We're try-
ing for earlier, but aiming for
August" for the opening, Mr
Watchorn told The Tribune.
Abaco Markets has put its
spare cash into paying down


Legal Notice

NOTICE

WESTBROOKE CORP.


(In Voluntary Liquidation)


Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 1st day of
April 2008. The Liquidator is Argosa Corp. Inc., P 0.
Box N-7757 Nassau, Bahamas.


This notice replaces the publication of 23rd May 2008
in this Gazette wherein WESTBROOKE VALLEY
INC. was incorrectly referred to as being dissolved.




:, A3BGQSA CQRR INC.
;, . (Liquidator)





LEGAL NOTICE OF DISSOLUTION


International Business Companies Act
(No.45 of 2000)

In Voluntary Liquidation


Notice is hereby given in accordance with Section 138 (8) of the
International Business Companies Act, No. 45 of 2000, ARAVAS
COMPANY LTD. has been completed, a Certificate of Dissolution
has been issued and the Company has therefore been struck off the
Register.

The date of completion of the dissolution was the llth day of June,
2008.














*eq[JH[D


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


* To receive the report of The Board of Directors.
* To receive the Audited Accounts for 2007
* To elect members of The Board of Directors, and
Supervisory Committee
* To discuss and approve the budget for 2009.


All eligible members wishing to run for a position on the
Board of Directors or Supervisory Commitee are asked to
submit their names to any of the Credit Union's Offices
in Nassau or Freeport, no later than Friday, June 27, 2008
by 4:00 p.m.


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


its preference share debt, with
some $420,000 having been
paid to investors in March, as
the company gears up for the
next $420,000 instalment due
by June-end.
The BISX-listed retail group
has accelerated repayment of
its preference share debt,
something it warned equity
shareholders would have a
slight impact on liquidity in fis-
cal 2008. This is because it is
starting repayments to Class B
shareholders a year early, as
the first payment to them is
not due until December 31,
2009.
Class A preference share-
holders received $1 million
from the company in 2007, and
are due to receive their final
$1 million payment by year-
end.
Mr Watchorn explained that
the decision to begin repaying
the Class B preference share-


holders early was connected to
balance sheet management,
and the fact that the prefer-
ence shares had a higher rate
attached than the company's
overdraft facility.
Meanwhile, Abaco Markets
is set to announce the hiring
of a vice-president to exclu-
sively deal with shrinkage
across all its stores.
"It's still too high and
remains a focus for us," Mr
Watchorn said of shrinkage.
"There's a belief that US
inventory standards in shrink-
age are unattainable, which 1
disagree with."
In its annual report, Abaco
Markets said it had invested
$2 million in equipment and
inventory for its relocated Cost
Right Freeport store, and
another $1 million into its
remodeled Cost Right Abaco
format.
The Cost Right chain's 2007


NOTICE

IN THE ESTATE OF LOUISE ELIZABETH
TOOTE TYNES late of Warwick Terrace, Bail-
lou Hills Estates in the Western District, in the
Island of New Providence, one of the Islands in
the Commonwealth of The Bahamas, Deceased.

NOTICE is hereby given 'that all persons
having any claims or demands against the above-
named Estate are requested to send the same duly
certified to the" undersigned on or before
Monday the 30th day of June 2008 after which
the Personal Representative will proceed to
distribute the assets of the Deceased among the
persons entitled thereto having regard only to the
claims of which the Personal Representative shall
then have had notice.

AND NOTICE is hereby also given that all
persons indebted to the said Estate are requested
to make full settlement on or before the date
hereinbefore mentioned.


CASH, FOUNTAIN
Attorneys-at-Law
P.O.Box N-476
Armstrong Street
Nassau, 'Ibe Bahamas
Attortiys for the Personal representative




NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.46 of 2000)

BAYTOWN TECHNOLOGIES LIMITED
LIQUIDATOR'S NOTICE

PURSUANT TO SECTION 138 OF
THE INTERNATIONAL BUSINESS COMPANIES ACT


I, Luis Antonio Sotillo Mendez Liquidator of BAYTOWN TECH-
NOLOGIES LIMITED, hereby certify that the winding up and
dissolution of BAYTOWN TECHNOLOGIES LIMITED, has
been in acordance with the Articles of Dissolution.

Dated the 4th day of June 2008


ci


Liquidlato
'*'^ y r ^ *'


-IS


Fund Name
Colina Bond Fund
Colina MSI Preferred Fund
Colina Money Market Fund
Fidelity Bahamas G & I Fund
Fidelity Prime Income Fund
CFAL Global Bond Fund
CFAL Global Equity Fund
CFAL High Grade Bond Fund
Flaelo S Intern.tior.al In. Sl-.enl Funa


14.60 15.60 14.60
6.00 6.25 6.00
:' :,5 1- 0 0 35
Collna Over.Tha-Counwtr Securies,. .' "
aI OI 4300 41 00
14.60 15.60 14.00
0 45 0 55 0.45
BISX Listed Mutual Frl-und. *;
N4 YTD .. Last 12 Monthb
1.315228* 1.58% 5.47%
2.998763*. -0.07% 8.13%
1.394008...... 1.38% 3.82%
3.6707** -3.32% 14.65%
12.2142.. 2.35% 5.73%


100.00"*
99.956603"
1.00"*
10 .0060"**


Markatl Terms


sales growth came mainly from
family and individual con-
sumers, and Abaco Markets
said that in 2008 it would con-
centrate on growing sales from
small businesses. Also this fis-
cal year, the company plans to
roll-out the in-store pharma-
cy, bakery and wire transfer
services business trialled in its
Solomon's SuperCentre store
in Nassau to the Freeport
store.


-0.04%


Working capital increases of
$4 million in increased inven-t'
tory balances for the Cost'
Right stores in Freeport and.
Abaco were made in 2007',;
something Abaco Markets said j
was unlikely to be repeated-int-i
fiscal 2008. The company was
also due to close the $2.2.mil-
lion net purchase of the,
Solomon's SuperCentre-
Freeport store it has been leas-.
ing since 2004 by May-end.


NOTICE
NOTICE is hereby given that FRIDLAIS FRANCOIS
of MT. PLEASANT OFF KEMP ROAD, 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
23RD day of JUNE 2008 to the Minister responsible for
Nationality and Citizenship, P.O.Box N- 7147, Nassau,
Bahamas.



COMMONWEALTH OF THE BAHAMAS : 2007
IN THE SUPREME COURT CLE/equ/ 1436
Equity Division


IN THE MATTER OF all that piece parcel or .
lot of land situate on the Southeastern corner of Union Village
and Wulff Road in the EasternDistrict of the Island of
New Providence one of the Islands of the Commonwealth of
The Bahamas being 9,424 sq.ft



IN THE MATTER OF The Quieting Titles Act, 1959

AND

IN THE MATTER OF The Petition of Betty Strachas


NOTICE


BETTY STRACHAN, the. Petitioner claims to be the
owner in fee simple possession of the piece parcel or lot of land
hereinbefore described and has made application to the Supreme
Court of the Commonwealth of The Bahamas under Section 3
of the Quieting Titles Act to have the title to the said piece parcel'
or lot of land investigated and the nature and.extent thereof
determined and declared in a Certificate of Title to be granted
by the Court in accordance with the provisions of the Act.
Copies of a diagram or plan showing the position boundaries.
and shape marks and dimensions of the said pieces parcels and
lots of land may be inspected during normal workirig hours at
the followinigpl aces t"'"" . '

(a) The.Registy3ofatheSupremCouAt, AnsbacheiJ
House, East Street in the City of Nassau, New.'
Providence, The Bahamas.
(b) The Chambers of Davis & Co., British Colonial i
Hilton, Centre of Commerce, 4th Floor Suite'400,
One Bay Street, Nassau, The Bahamas, Attorneys
for the Petitioner.

NOTICE is hereby given that any person or persons
having a right of Dower or an adverse claim not recognized in
the Petition shall within thirty (30) days after the appearance of
the Notice herein file in the Registry of The Supreme Couirt in
the City of Nassau aforesaid and serve on the Petitioners or the.
undersigned a statement of his claim in.the prescribed form,
verified by an Affidavit to be filed therewith.
Failure of any such person to: file and serve a statement
of claim within thirty (30) days' herein will operate as a bar to
such claim.

Dated this 7th day of May A.D., 2008


DAVIS & CO.
Chambers
4th Floor, Suite 400 .
British Colonial Hilton
Centre of Commerce
One Bay Street
Nassau, The Bahamas


FG CAPITAL MARKETS
ROYAL- FIDELITY '" "Ac^&ADVISOy I I


C FA L'
BIBX LISTED & TRADED BECURIT;ESOf
THURSDAY, 19 JUNt 2008 :.
BISX ALL SHARE INDEX; CLOSE 1,852.58 | CHG 0.14 I %CHG 0,Q
FINDEX: VCLOSE 870.05 | YTD% -8.81% | 2060
WWW.BISXBAHAMAS.COM FOR MORE DATA & INFORF
52wk-Hi 52wk-Low Security Previous Close Today's Close Change I


1.95
11.80
9.68
0.99
3.74
2.70
14.10
3.15
8.50
7.22
3.00
8.00
13.01
14.75
6.10
1.00
1.00
8.00
12.50
1000
52wk-HI
14.6


14.60
8.00
0 5.1
41 00
14.60
0 55
52wk-HI
1.3152
3.0008
1.3940
3.7969
12.2142
100.0000
100.0000
1.0000
10 5000


1.18
11.59
9.40
0.85
3.20
1.42
10.60
2.21
4.80
3.23
2.20
6.02
12.50
11.79
5.05
1.00
0.41
6.79
8.60
1000
52wk.-Low


52-.Low
1.2485
2.7399
1.3451
3.2920
11.6049
100.0000
98.2100
1.0000
9 6348


e.'5..xLi ...4...*0-r *Lk. *..*- *:u*-.:. *.
52wk-Hi Highesl closing price In last 52 weeks Bi,
52wk-Low Lowest closing price In last 52 weeks A
Prev-ious Cloe Previous day's weighted price for daily volume La
Today Close Current day's weighted price for daily volume we
Chang. Chanos In closing price from day to day Er
Dally Vol Number of total shares traded today NA
DIV $ Dividends per share paid in the last 12 months NIl
PIE Closing price divided by the last 12 month earnings FIt
[S) 4-for-1 Stock Split Effective Date 8/8/2007
TO TRADM OALL; CFAL 24--'7010 I fril,-ITY 12.305B-764 I FPl CAPITAL


0.135 0.000 13.6 0.00%
1.086 0.400 10.9 3.39%
0.643 0.160 14.7. 1.70%
-0.647 0.030 N/WI 3.37%
oQ20b .' 0.090 ,16.7, -,; 2.58%
,0.055 .040 .427 7.0%
1.121 0.240 12.S 1 71%
655 0.046 0.040 62.4 1.39%
0.440 0.300 1685 4.12%
0.131 0.052 27.2 .46%
0.308 0.040 94. .38%
0.726 0.260 11.0 3.50%
0.650 0.570 19.2 4.56%
0.651 0.470 18.1 3.99%
0.386 0.140 14.4 2.52%
0.000 0.000 NIM 0.00%
0.035 0.000 12.6 0.00%
0.411 0.300 16.5 4.42%
1.023 0.620 11.7 5.17%
0180 0000 55 6 000%


I.
P/E YI.Id


1.80 060 1. "'I 4,11


1.160 0.600 13.4 4,11%
0.006 0.480 NM .60
-0 023 0 000 NIM 0.00%
4450 2 750 90 6 70%
1.160 0.900' 13.4 6.18%
-0.023 0.000 N/M 0.00%


-am. --4-.
um tesw~em pan eld%


-0.04%


-4.70% -4.70%
ELC-, a.i ia -oart a>O.ader.e d,,dsa b, monrg p 1 se
d S Buying price of Colina and Fidelity
sk Selling price of Colina and fidelity
st Price Last traded over-the-counter price
weekly Vol. Trading volume of the prior week
'S A company's reported earnings per share for the last 12 mthne
AV Nel Asset Value
M Nol Meaningful
INDEX The Fidelily Bahamas Stock Index. January 1. 1994 = 100


" 31 MsS 2106
" 31 DeoWnber 2007
"* 30 tMay 2006
**.-.31 A"in a00 '
" 30 Apl" 2006
....... Juo. 20a


Abaco Markets
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank (S1)
Consolidated Water BDRs
Doctor's Hospital
Famguard
Finco
FirstCaribbean Bank
Focol (S)
Focol Class B Preference
Freeport Concrete
ICD Utilities
J. S. Johnson
Premier Real Estate
Srmbnl


1.84' 1.84
11.80 11.80
9.43 9.43
0.89 0.89
3.49 3.49
2.35 2.35
14.00 14.00
2.87 2.87
7.28 7.28
3.43 3.56
2.90 2.90
8.00 8.00
12.50 12.50
11.79 11.79
5.55 5.55
1.00 1.00
0.44 0.44
6.79 6.79
12.00 12.00
1000 C1C' 00
Fidelity Over-The-Countfr Securltla
Bid $ Ask,$' Last Price


14.25 ahamasSuperYm


14.25 Bahamas Supermarkets
6.00 Caribbean Crossings (Pref)
0 20 RND I-Ictae9rgs
4100 ABDAB
14.00 Bahamas Supermarkets
0 40 RND Holdings


Weekly Vol. EPS S DIv $


P/E Y. fYa


Div$


Yield%


.-I


* * I f









THE TRIBUNE


PAGE 8B, MONDAY, JUNE 23, 2008


COMC AG


Tribune Comics


CALVIN & HOBBES
Wt B31, D .'T CIGO
HEAR DAD.
,, ,.\ WAT GROLKH; A


DENNIS THE MENACE


APT 3-G


BLONDIE


MARVIN


TIGER

APENMT VLot) svoS7 v^YgA4 %07r MY7A1?
-ro co-eT-ris w OM'-T l-e we O GG-Me
-Ire (tW'ASS ? oweR LAWN MOWEIr-


HAGAR THE HORRIBLE


CRYPTIC PUZZLE


Across
1 Parking, reversing
badly, making
a jam (10) i
6 Capital solo composition
(4)
10 Collect for a service (5)
11 Arming the riotous is a
horrifying experience (9)
12 Order gets round to a mili-
tary unit (8)
13 Turnover in coats (5)
15 Tugged both ways and
very nearly crazy (7)
17 Game could turn on deri- (,
sive cry in Irish assembly
(7)
19 We don't like to see a pupil
painfully afflicted (7)
21 Leave very little time to
reduce the sentence (3,A)
22 Expert makes a witty
remark (5)
24 They provide drinks from a
pot she's brewed up (8)
27 Be more than those away
from home (9)
28 Doctor goes after bad
French port in Sweden (5)
29 Learning a new role (4)
30 A sore head needs treating
with It! (10)

Yesterday's Cryptic Soluti,
Across: 1 Crashes, 5 Slump, 8
Following, 9 Pug, 10 Salt, 12
Impaired, 14 Immure, 15 Bleats, 17
Cul-de-sac, 18 Real, 21 Nag, 22 IIIl
wisher, 24 Extol, 25 Maddens..
Down: 1 Cuffs, 2 Awl, 3 Hoop, 4
Stigma, 5 Signally, 6 Upper case, 7
Pagodas, 11 Limelight, 13 Free will
14 Incense, 16 Harlem, 19 Lords, 2
Kind, 23 Hoe.


Down
1 Have fun with a song at
the piano (4)
2 Not at all simple to work
out in detail (9)
3 English course involving
translation of poems (5)
4 He provides French wine
with the rent perhaps (7)
5 Possibly ignored a racial
description (7)
7 Sarcastic note (5)
8 Superintended, but missed
something? (10)
9, Stout fellow broke the law
in the beginning (8)
14 It doesn't give a hoot! (7,3)
16 Achieve a win in 10 sec-
onds flat (5,3)
18 Suddenly smile upon in a
strange way (2,7)
20 Point to article on board
suitable for consumption
(7)
21 Conducted the meeting
with ice-hard resolve (7)
23 On the move in East Iran
(5)
25 Greek pigeon? (5)
26 Control knob (4)


Yesterday's Easy Solution
Across: 1 On guard, 5 Cramp, 8
Semicolon, 9 Cut, 10 Tidy, 12
Paganini, 14 Rescue, 15 Lovely, 17
Browbeat, 18 Stem, 21 Too, 22
Jam-packed, 24 Carat, 25 Rumania.
Down: 1 Onset, 2 Gum, 3 Arch, 4
Dollar, 5 Cinnamon, 6 Architect, 7
Petrify, 11 Dishonour, 13 Jumbo jet,
14 Robotic, 16 Hammer, 19 Media,
20 Balm, 23 Kin.


Across
1 At first sight (5,5)
6 A teasing desire (4)
10 Half-hearted (5)
11 Worthy (9)
12 Get back again (8)
13 Drainage channel (5)
15 Inauspicious (7)
17 Manner of speaking
(7)
19 Perfumed (7)
21 Mental reservation
(7)
22 Distinctive expres-
sion (5)
24 Unwavering support-
er (8)
27 Barren (9)
28 Become puffed up (5)
29 Nimble (4)
30 Inveterate (4-6)


"1 TRINK P]NN1E WOULP BE A GOOP CANPIPATE
FOR T-IE F7gT KIP ON THE MOON "


Sudoku Puzzle


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

6 1 4

9 2 5

8 7



6 5 3 1

7
9 6


12 3

8 5 7
Difficulty Level *"*** 6/2l


Kakuro Puzzle


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


Yesterday's
Sudoku Answer


4181




2_93
124
98 5


916
217i4
84! 5


5 91


21316
9 714
1 58
325
4.8 9
71611
5 97

814 2
I I3.-6
6!113_
8i45.-2


Yesterday's
Kakuro Answer


421 38 113
861479 513
93 159 22
718 839
78 12
769 192
98 217 71
751 69 3 8 7
912 -28143


Chess


Etienne Bacrot v Radek Kalod,
European club cup 2007. Elite
grandmasters enjoy.positions
like today's puzzle when taking
on lesser lights. France's number
one Bacrot has two bishops
against two knights on an open
board, while the black army is
mostly squashed on the back
rows. Only Black's queen is
active, so that Bacrot apparently
has to deal with the threat Qxe4+
potting a few pawns. The
outcome was a surprise as Bacrot
made a threat of his own, then
dexterously manoeuvred his king
to escape the checks and force
Kalod's resignation. With these
clues; can you work out the.
finish?


Down
1 Compassion (4)
2 Vague (9)
3 Viper (5)
4 Speak to (7)
5 As a substitute (7)
7 Contaminate (5)
8 Arbitrary (4-6)
9 Manufacturer (8)
14 Dejection (3,7)
16 Be too clever for (8)
18 Flawed (9)
20 Notwithstanding (7)
21 Drastic reorganisa-
tion (5-2).
23 Deduce (5)
25 A devastated region
(5)
26 Trudge (4)


; '. ,







Chess 8567:1 BbS! Qxe4+2 Kdlt Oxd4+3Kc 2Qxf2t4
Ki3 BSlackis out ofchecks, while White threatens
Qxf8 mate. Black tried 4...Kd8 5 Bxf8 and then
resigned as White wifl soon play 8d., Qxf8* and
Qe7 mate,


Target


The
Target
uses
words in
the main
body of
Chambers
21st
Century
Dictionary
(1999
edition).


HOW many words of four
letters or more can you make
from the letters shown here? In
making a word, each letter may
be used once only, Each must
contain the centre letter and
there must be at least one
nine-letter word. No plurals.
TODAY'S TARGET
Good 18; very good 27;
excellent 36 (or more).
Solution tomorrow.
YESTERDAY'S SOLUTION
cent cert cogent cone conger
CONGRUENT core corn
comet cote count counter
court crone cruet cure curt
cute cuter ecru nocturne
nonce once ounce recount
recto tore trounce truce unco


Contract Bridge

by Steve Becker


With a Little Bit of Luck


North dealer.
Neither side vulnerable.
NORTH
4 Q 7 4 3
VA 107
*A9 52
*A6 '


WEST
4106
V3 2
. J76


EAST
4 J 982
W6 5
*K1084


41098542 4Q 73
SOUTH
+AK5
VK QJ984
*Q3
*KJ
The bidding:
North East South West
1 + Pass 2 T Pass
3 V Pass 4 NT Pass
5 4 Pass 7
Opening lead ten of clubs.
It goes without saying that an
optimistic bidder is sure to encounter
more opportunities for brilliant play
than a more cautious soul.
Take this case where South dis-
covered via Blackwood that his part-
ner held three aces and then leapt to
a grand slam without bothering to
ask for kings. A more prudent South
probably would have checked tor
kings and then stopped at six hearts
after learning that the diamond king
was missing.
Superficially, making 13 tricks
appears to depend on a 3-3 division


of the opposing spades, about a 36
percent probability. Without the even
split, declarer seems certain to lose a
diamond trick.
But the fact is that the grand slam
is a far better proposition, because it
also will succeed whenever either
opponent holds four or more spades
and the king of diamonds. This addi-
tional possibility was not lost on
South, who had no trouble bringing
in the contract.
Declarer won the opening club
lead with the king and drew trumps.
He then cashed the ace of clubs and
ace of diamonds before running the
rest of his trumps. On the last three
trumps he discarded dummy's three
small diamonds, retaining all four
spades on the table opposite the
queen of diamonds and A-K-5 of
spades in his hand.
In the meantime, East also had to
come down to four cards and could
not find a safe discard on the last
trump. If he discarded a spade,
dummy's last spade would become a
trick. And if he discarded the king of
diamonds instead, South would win
the last four tricks with the queen of
diamonds and A-K-Q of spades.
Since West would have found
himself in the identical predicament
had he held the spade length and the
diamond king, the grand slam was
about a 2-1 favorite. All it required
was a pinch of optimism combined
with proper technique.


42008 King Features Syndicate Inc.


1 2 3 4 5 6 7 8


10 11


12 13
14
1516 17 18


19 20 21


22 23 2425
7 26
27 28
29 _3_


I







THE TRIBUNE MONDAY, JUNE 23, 2008, PAGE 9B
THE TRIBUNE


Telephone 242 393 2007
Fax 242 393 1772
Internet www.kpmg.com.bs


INDEPENDENT AUDITORS' REPORT



To the Shareholder of Credit Suisse Wealth Management Limited


We have audited the accompanying consolidated balance sheet of Credit Suisse Wealth Management
Limited ("the Bank") as at December 31, 2007, and a summary of significant accounting policies and
other explanatory notes (together "the consolidated financial statement").

Management's Responsibility for the Consolidated Financial Statement

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

Auditors'Responsibility

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

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the consolidated financial statement. The procedures selected depend 'on our judgment, including the
assessment of the risks of material misstatement of the consolidated financial statement, whether due to
fraud or error. In making those risk assessments, we consider internal control relevant to the Bank's
preparation and fair presentation of the consolidated financial statement in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the Bank's internal control. An audit also included 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 consolidated financial statement.

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


Opinion


In our opinion, the consolidated financial statement presents fairly, in all material respects, the financial
position of Credit Suisse Wealth Management Limited as at December 31, 2007 in accordance with
IFRS.

As more fully described in notes I and 2 (b) to the consolidated balance sheet, the Bank has assigned to
a related party substantially all assets and liabilities and therefore has surrendered its banking license.
As a result, the Bank has changed its basis of accounting from a going concern basis to a net realizable
(settlement) basis.

Emphasis of Matter

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


KeO Gr
Chartered Accountants
Nassau, Bahamas
April 30,2008

CREDIT SUISSE WEALTH MANAGEMENT LIMITED
Consolidated Balance Sheet

December 31, 2007, with corresponding figures for 2006
(Expressed in United States dollars)

Note 2007 2006

Assets
Cash and cash equivalents 3 & 10 $ 1,260,821,192 1,081,118,266
Deposits with banks 3 & 10 11,324,125 2,527,029
Accrued interest receivable 10 2,924,631 3,063,163
Receivables from customers 8,575,392 3,181,802
Securities purchased under agreements to resell 8 & 10 14,750,832 14,832,079
Loans and advances to customers 4 112,784,038 60,169,243
Other assets 10 36,380,821 63,841
Total Assets $ 1,447,561,031 1,164,955,423



Liabilities
Deposits from banks 5 & 10 $ 64,263,672 48,395,401'
Deposits from customers 6 1,289,219,458 1,032,058,793
Accrued interest payable 10 2,083,982 2,382,057
Fees received in advance from customers 126,300 134,700
Securities sold under agreements to repurchase 8 & 10 10,110,834 12,041,931
Service level agreement fees payable 10 2,317,147 1,035,000
Other liabilities 10 6,797,511 9,571,144
Total Liabilities 1,374,918,904 1,105,619,026

Shareholder's Equity
Share capital:
Authorized, issued and fully paid:
5,000,000 shares of $1.00 each 5,000,000 5,000,000
Contributed surplus 27,500,000 27,500,000
Retained earnings 40,142,127 26,836,397
Total Shareholder's Equity 72,642,127 59,336,397

Commitments 7,8 & 9 -
Total Liabilities and Shareholder's Equity $ 1,447,561,031 1,164,955,423

See accompanying notes to consolidated balance sheet.

The consolidated balance sheet was approved on behalf of the Board of Directors on April 30, 2008 by
the following:


Director


Michael A. Ranson Director


CREDIT SUISSE WEALTH MANAGEMENT LIMITED
Notes to Consolidated Balance Sheet


December 31, 2007
(Expressed in United States dollars)



1. General information
Credit Suisse Wealth Management Limited ("the Bank") was incorporated on September 5, 2003
under the laws of the Commonwealth of The Bahamas ("The Bahamas") and is licensed under the
Banks and Trust Companies Regulation Act, 2000 to conduct international banking and trust
services. The Bank also holds a broker-dealer Class 11 license under the Securities Industry Act,
1999 to conduct securities trading and an unrestricted Fund Administrator's license under the
Investment Funds Act, 2003 to administer investment funds. The Bank is a wholly-owned
subsidiary of Credit Suisse (Bahamas) Limited ("the "Parent") whose office is located in The
Bahamas. The ultimate parent company is the Credit Suisse Group whose headquarters is located
in Zurich, Switzerland.
The Bank commenced operations on January 2, 2004. The Bank's business activities consist of
banking, securities trading, trust, corporate management, fund administration and other financial
services involving a large number of clients with substantial assets under administration.
The registered office of the Bank is located in The Bahamas Financia;l Centre, Shirley and Charlotte


KPMG
PO Box N 123
Montague Sterling Centre
East Bay Street
Nassau. Bahamas


or agency capacity for its customers has not been included in this consolidated balance sheet
since such items are not assets of the Bank.
(h) Receivables from customers
These receivables primarily comprise fees billed to clients. The Company's policy is not to
make a general provision for bad debts, however all amounts receivable are written-off after a
defined period of time has elapsed. As at December 31, 2007 and 2006, no provisions were
made against receivables from customers.
(i) Securities financing arrangements
The Bank enters into purchases (sales) of investments under agreements to resell (repurchase)
substantially identical investments at a certain date in the future at a fixed price. Investments
purchased subject to commitments to resell them at future dates are not recognized. The Bank,
under the terms of these agreements, has the right to pledge or sell the assets received. The
amounts paid are recognized in securities purchased under agreements to resell. The receivables
are collateralized by the underlying security.


mm


miTa ri M .UHC


Streets, Nassau, Bahamas. At December 31, 2007 the Bank employed 16 persons (2006 14
persons).
Effective January 1, 2008 the Bank for good and valuable consideration assigned to Credit Suisse,
Nassau Branch substantially all the Bank's rights, obligations, interests, benefits aid advantages
(including without limitation, the benefit of all indemnities) in relation to all customer accounts
held by the Bank under the documents which have been signed or provided by the respective
customers or which contain information in respect of their relationships with the Bank, including,
but not limited to, current accounts, deposit accounts, custody-of safekeeping accounts,. loan
facilities, collateral and security interests, and any and all such other relationships as well as all
other assets and liabilities as shown on the Bank's balance sheet as of December 31, 2007
(including any contingent liabilities).
At same date, the Bank sold to Credit Suisse, Zurich all shares held by the Bank in the below listed ."
subsidiaries described in the Bank's balance sheet as of Decemberi 31, 2007:

Vialink Nominees Ltd.
UTC Management Ltd.
Vialink Nominees (Bahamas) Limited
After these transactions the Bank surrendered its unrestricted non-resident bank & trust license
which was replaced by a restricted nominee trust license granted by the Central Bank of The
Bahamas as of such date.
2. Summary of significant accounting policies
(a) Statement of compliance
The Bank's consolidated balance sheet has been prepared in accordance with International
Financial Reporting Standards (IFRS).

(b) Basis of preparation
The consolidated balance sheet has been prepared under the historical cost convention and the
accounting policies have been consistently applied.
In preparing the balance sheet, the Bank has adopted IFRS 7 (Financial Instruments:
Disclosures) and IAS I (Presentation of Financial Statements Capital Disclosures) which
become effective on January 1, 2007. The adoption of IFRS 7 and the amendment to IAS I
impacted the type and amount of disclosures made in this consolidated balance sheet, but had
no impact on the financial position of the Bank. In accordance with the transitional
requirements of the standards, the Bank has provided full comparative information.
Due to the decision to assign to a related party substantially all assets and liabilities as noted in
note I above, the Bank's management has determined that the going concern assumption is no
longer appropriate. As a result, the Bank has changed its basis of accounting from the going-
concern basis to the net realizable (settlement) basis. Due to the nature of the assignment
disclosed in note 1, management does not believe that there is a significant difference between
the net realizable' (settlement) basis and the historical cost basis.
(c) Basis of consolidation
The consolidated balance sheet include the accounts of the Bank and its wholly-owned
subsidiaries, Vialink Nominees Ltd., UTC Management Ltd. and Vialink Nominees (Bahamas)
Limited, all of which were incorporated under the laws of The Bahamas. The activities of all
such subsidiaries are limited to the trust and corporate management services offered by the
Bank.
Subsidiaries are entities controlled by the Bank. Control exists when the Bank has the power to
govern the financial and operating policies of an entity so as to obtain benefits from its
activities. In assessing control, potential voting rights that presently are exercisable are taken
into account. The balance sheets of subsidiaries are included in the consolidated balance sheet
from the date that control commences until the date that control ceases.
Inter-company balances are eliminated in preparing the consolidated balance sheet.
(d) Use of estimates
The preparation of the consolidated balance sheet requires management to make judgments.
estimates and assumptions that affect the application of accounting policies and the amounts
reported in the consolidated balance sheet and accompanying notes. These estimates are based
on relevant information available at the balance sheet date and as such, actual results could
differ from those estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognized in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.
In particular, information about significant areas of estimation uncertainly iiif critical
judgments in applying accounting policies that have the most sigiTficant effect di the amoimts
recognized in the consolidated balance sheet are described in notes 2(k) and 2(m).
(e) Foreign currency translation
The reporting and functional currency of the Bank is United States dollars, as the Bank's share
capital is denominated in United States dollars, a significant amount of the Bank's transactions
are conducted in United States dollars and the majority of the Bank's assets are also held in this
currency.
Assets and liabilities maintained in foreign currencies are translated into United States dollars
at the rates of exchange prevailing at the balance sheet date.
(f) Financial instruments
Classification
Loans and advances are created by the Bank providing money to its customers other than those
created with the intention of short term profit taking. Loans and advances comprise loans and
advances to customers other than purchased loans.
Held-to-maturity financial instruments are financial assets and liabilities with fixed or
determinable payments and fixed maturity that the Bank has the intent and ability to hold to
maturity. These include cash and cash eaopivalents (except deposits on demand), deposits with
banks, deposits from banks, deposits from customers, securities purchased under agreements to
resell and securities sold under agreements to repurchase.
Financial liabilities that are not at fair value through profit and loss are accrued interest
payable, fees received in advance from customers, investment management fee payable, service
level agreement fees payable, and other liabilities.
Recognition
The Bank recognizes financial instruments on the day that funds are disbursed or received as
applicable.

Measurement
Financial instruments are measured initially at fair value, which normally will be equal to the *
transaction price, plus, in case of a financial instrument not at fair value through profit or loss,
transaction costs that are directly attributable to the acquisition or issue of the financial
instruments. For financial instruments at fair value through profit or loss, transaction costs that
are directly attributable to the acquisition or issue of the financial instruments are expensed
immediately.
Subsequent to initial recognition all non-trading financial liabilities, loans and advances and
held-to-maturity assets and liabilities are measured al amortized cost less impairment losses,
where applicable. Amortized cost is calculated using the effective interest rate method.
Derecognition
A financial asset is derecognized when the Bank loses control over the contractual rights that
comprise that asset. This occurs when the rights are realized, expire or are surrendered. A
financial liability is derecognized when its contractual obligations are discharged, cancelled or.
expire.
(g) Assets under management
The Bank is engaged in the provision of asset management services involving a large number
of clients with substantial funds under administration.
Property in the amount of $2,450 million (2006: $1,694 million) held by the Bank in a fiduciary






THE TRIBUNE


PAGE 10B, MONDAY, JUNE 23, 2008


The difference between the sale and repurchase considerations is recognized on an accrual basis
over the period of the transaction.
The Bank may pledge securities received as collateral to secure borrowings under repurchase
agreements. As these securities received and subsequently repledged are not owned or sold
short by the Bank, these securities are not recognized.
(J) Loans and advances to customers
Loans and advances are reported net of allowances to reflect the estimated recoverable
amounts.
(k) Impairment
Financial assets that are stated at cost or amortized cost are reviewed at each balance sheet date
to determine whether there is objective evidence of impairment. Financial assets are impaired
when objective evidence demonstrates that a loss event has occurred after the initial recognition
of the asset, and that the loss event has an impact on the future cash flows on the asset that can
be estimated reliably.
Objective evidence that financial assets are impaired can include default or delinquency by a
borrower, restructuring of a loan or advance by the Bank on terms that the Bank would not
otherwise consider, indications that a borrower or issuer will enter bankruptcy, the
disappearance of an active market for a security, or other observable data relating to a group of
assets or economic conditions that correlate with defaults in the Bank.
If any such indication exists, the asset's recoverable amount is estimated and the impairment
loss is recognized. If in a subsequent period the amount of an impairment loss recognized on a
financial asset carried at cost decreases and the decrease can be linked objectively to an event
occurring after the write-down, the write-down is reversed.
() Offsetng
Financial assets and liabilities are set off and the net amount presented in the consolidated
balance sheet when, and only when, the Bank has the legal right to set off the amounts and
intends.either to settle on a net basis or to realize the asset and settle the liability
simultaneously.
(aM)Prn'sions
A provision is recognized if, as a result of a past event, the Bank has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation. Provisions are determined by
discounting the expected future cash flows at a rate that reflects current market assessments of
the time value of money and, where appropriate, the risks specific to the liability.

(n) Financialguarantees
Financial guarantees are contracts that require the Bank to make specified payments to
reimburse the holder for a loss it incurs because a specified debtor fails to make payment when
due in accordance with the terms of a debt instrument.
Financial guarantee liabilities are initially recognized at their fair value, and the initial fair
value is amortized over the life of the financial guarantee. The guarantee liability is
subsequently carried at the higher of this amortized amount and the present value of any
expected payment (when a payment under the guarantee has become probable).
At December 31, 2007, there were no financial guarantee liabilities recognized in the
consolidated balance sheet (2006 $nil).
3. Cash and cash equivalents and deposits with banks
Cash and cash equivalents earn interest at annual rates ranging from 2.48% to 5.03% (2006: 1.87%
to 5.35%), and am summarized by currency below:

2007 2006

BRL $ 10,902,661 3,299,462
CAD 15,505 77,737
CHF 2,367,978 1,810,875
BUR 52,841,231 21,978,350
GBP 350,553 1,454,719
JPY 68,461 91,943
USD 1,193,953,456 1,052,332,574
Other 321,347 72,606
$ 1,260,821,192 1,081,118,266
I i n i ,-.,i .I i i . .

Deposits with banks earn interest at annual rates of 4.32% to 4.68% (2006: 3.58% to 5.31%) and
are summarized by currency below:

2007 2006

SEUR $ 1,324,125 527,029
USD 10,000,000 2,000,000
$ 11,324,125 2,527,029

4. Loamns and advances to customers
Loans and advances represent short-term advances provided by the PBank to customers. Their
maturity periods range less than 12 months and they earn interest up to 6.205% per annum (2006:
6.79%), and are summarized by currency below. With respect to a single client loan in the amount
of $30 million, the interest rate is fixed to 12 month LIBOR plus 1% per annum adjusted annually
on the anniversary of the loan. During the year the Bank recorded no losses resulting from non-
payment of interest or principal. All loans are fully guaranteed by cash and security collateral
without any provision for impairment of losses.

2007 2006

BRL $ 2,978,123 88,756
EUR 4, 119,769 2,549,274
USD 105,685,936 57,531,209
Other 210. 44
$ 112,784,038 60,169,243


S. Deposits from banks ..

2007 2006

Payable on demand $ 10,863,672 9,895,401
Term deposits 53,400,000 38,500,000
$ 64,263,672 48,395,401

Interest was paid on deposits from banks at annual rates ranging from 4.6% to 5.205% (2006:
5.19% to 5.41%), and are summarized by currency below:

2007 2006

BRL $ 48,986
EUR 1,471,250 -
CAD 69,431
USD 62,792,422 48,276,984
S$ 64,263,672 48,395,401

6. Deposits from customers

2007 2006

Payable on demand $ 1,023,544,554 726,839,786
Term deposits 265,674,904 305,219,007
$ 1,289,219,458 1,032,058,793


Interest was paid on deposits from customers at annual rates ranging from 2.12% to 5.51% (2006:
1.80% to 5.20%), and are summarized by currency below:

2007 2006

BRL $ 13,873,860 3,093,338
CHF 2,357,660 1,699,280
EUR 84,430,046 22,281,173
GBP 270,959 1,574,459
JPY 5,008 3,050
USD 1,188,121,284 1,003,398,461
Other 160,641 9,032
$ 1,289,219,458 1,032,058,793

7. Financial Instruments
The Bank is party to financial instruments with off-balance sheet risk and other derivative financial


instruments in the normal course of business to meet the financing needs of its customers.
Financial instruments include commitments to extend credit at fixed and floating rates, standby
letters of credit and currency swap agreements. These instruments involve, to varying degrees,
elements of credit and interest rate risk in excess of the amount recognized in the consolidated
balance sheet. However, the Bank's credit risk is minimal, since most of the instruments have been
entered into on behalf of clients.
The contract or notional amounts of financial instruments reflect the extent of the Bank's
involvement in particular classes of financial instruments and do not measure the Bank's exposure
to credit or market risks and do not necessarily represent the amounts exchanged by the parties to
the instruments. The amounts exchanged are based on the contractual notional amounts and the
other terms of the instruments. Notional amounts are not included in the consolidated balance sheet
and generally exceed the future cash requirements relating to the instruments.

Credit risk
Credit risk is the risk that a counterpart to a financial instrument will fail to discharge an
obligation or commitment that it has entered into with the Bank. The Bank has a credit policy in
place and the exposure to credit risk is monitored on an ongoing basis. Credit exposure is
controlled by counteiparty limits that are reviewed and approved by the local risk management
committee and/or the risk management committee of the Parent. The Bank has a significant
concentration with its affiliated companies. At December 31, 2007 100% of the total loans given to
third parties (2006: 100%) are guaranteed by cash and/or security collateral.
The Bank has outstanding in the normal course of business, payment obligations and guarantees of
$46,582,095 (2006: $37,394,515). The Bank's maximum potential exposure to credit loss in the
event of non-performance by the other parties to the commitments to extend credit is represented by
the contractual notional amount of those instruments. The Bank uses the same credit policies in
making commitments and conditional obligations as it does for on-balance-sheet instruments.
Management does not anticipate any material loss as a result of these transactions.
Market risk
Market risk is the risk that there will be a change in the value of a financial instrument due to a
change in market conditions. The Bank minimizes the risk through various control policies,
monitoring procedures and hedging strategies. The Bank manages its exposure to interest rate
changes, liquidity and currency risk related to its portfolio of asset and liability deposits by
matching the majority of its assets and liabilities by currency and maturity. Accordingly, there is
minimal market risk exposure and therefore sensitivity analysis is not representative of a risk
inherent in the financial instruments.
The notional amount of financial instruments used by the Bank to manage interest rate and currency
risk for clients' accounts at the balance sheet date was approximately $1.974 billion (2006: $518
million), comprised of $1.968 billion (2006: $344 million) of purchase commitments and $6
million (2006: $174 million) of sales commitments.
Interest rate risk
Interest rate risk is the risk that the value of a financial instrument may fluctuate significantly as a
result of changes in market interest rates. The Bank's exposure to interest risk is monitored on a
regular basis through,ensuring that the asset and liability transactions are contracted over similar
average terms and with a spread which provides the Bank with an adequate return. Its objective is
to manage the impact of interest rate changes on earnings.
Currency risk
Currency risk arises from the possibility that the value of a financial instrument will fluctuate due to
changes in foreign exchange rates. The Bank minimizes this risk by monitoring levels of foreign
currencies on a daily basis, matching the majority of its assets and liabilities by currency and
closing out positions as appropriate.

As of balance sheet date, the Bank's assets and liabilities were denominated in United States
dollars, except for the following, which were either denominated or linked to other currencies as
follows:

2007 "2006
Net
Assets Liabilities exposure Assets Liabilities Net exposure
Brazilian real $ 13,880,784 13,853,646 27,138 $ 3,388,218 3,142,507 245,711
Euro 57.100.950 85,863,873 (28,762;923) 25,062,527 24,272,537 789,990
British pound 350.555 270,959 79,596 1,454,719 1,574,459 (119,740)
Swiss franc 2,429.476 2,377,660 51,816 1,854.102 1,700,054 154,048
Japanese yen 68,461 5,008 63,453 91.943 3,050 88,893
Canadian dollar 15,505 307 15,198 77,737 69,430 8.307
Other 329,586 160.334 169,252 80,847 9.032 71,815
Total $ 74,175,317 102.531,787 (28,356,470) $ 32,010,093 30,771.069 1,239.024
The large net liability exposure at December 31, 2007 for the Euro is due to a timing difference
between the receipt of a customer's deposit and the placement of funds by the Bank.
Fair value
Management estimates that the total fair values of financial assets and liabilities do not differ
materially from their carrying values given that average effective interest rates approximate the
current interest rates available to the Bank for placements and offered by the Bank for deposit
liabilities with similar maturities and due to their short term maturities.
Management does not consider the exposure to certain of these risks to be significant for the
following reasons: (1) the Company's financial assets, for the most part, are comprised of short-
term deposits with reputable financial institutions (primarily CS group entities), and (2) financial
liabilities are comprised primarily of amounts due to CS group entities and customer demand
deposits.
8. Securities financing arrangements
The Bank purchases financial instruments under agreements to resell them at future dates. The
seller commits to repurchase the same or similar instruments at an agreed future date. The securities
purchased under agreements to resell are entered into as a facility to provide funds to customers.

At December 31, 2007 securities purchased under agreements to resell were as follows:
2007
Fair value of Carrying
assets held as amounts of
collateral receivable

Government bills and bonds $ 16,952,785 14,750,832

2006
Fair value of Carrying
assets held as amounts of
collateral receivable

Government bills and bonds $ 17,232,542 14,832,079

The Bank has pledged securities received as collateral for securities purchased under agreements to
resell with a fair valpe of $10,238,856 (2006: $10,276,008) to secure liabilities due under securities
sold under agreements to repurchase as noted below.
Securities purchased under agreements to resell earned interest at annual rates ranging from 1.25%
to 5.25% at December 31,2007 (2006:4.65% to 5.85%).
The Bank also raises funds by selling or pledging financial instruments under agreements to repay
the funds by repurchasing the instruments at future dates at the same price plus interest at a
predetermined rate. The securities sold under agreements to repurchase are commonly used as a
tool for short-term financing of interest-bearing assets, depending on the prevailing interest rates.
At December 31,2007 assets sold/pledged under agreements to repurchase were as follows:
2007
Fair value of Carrying amount of
underlying corresponding
assets liabilities

Government bills and bonds. $ 10,238,856 10,110,834


2006
Fair value of Carrying amount of
underlying corresponding
assets liabilities

Government bills and bonds $ 10,276,008 12,041,931

Securities sold under agreements to repurchase bore interest at an annual rate of 1.25% at
December 31, 2007 (2006: 4.60% to 5.10%).
9. Commitment
On June' 26, 2006 @he Bank entered intd an Assignment and Assumption of Lease whereby the
Bank assumed all lease obligations under the terms of that certain Indenture of Lease dated as of
July i, 2003 between Fincen Limited, as landlord, and Credit Suisse First Boston (Nassau) Branch
(now known as Credit Suisse, Nassau Branch) and at the same time was released from the lease
with its parent previously scheduled to terminate on October 31, 2006. The Bank has the option to
renew its present lease until June 30, 2013. The minimum future annual rental commitment
excluding service charges is as follows:







THE TRIBUNE


MONDAY, JUNE 23, 2008, PAGE 11B


Year to Commitment
June 30, 2008 $ 38,339
10. Related party balances
The Bank entered into various transactions with the Parent and other parties related by virtue of
common control.
The consolidated balance sheet includes the following related party balances:
2007 2006

Assets
Cash and cash equivalents $ 1,223,280,325 1,080,012,327
Deposits with banks 11,324,125 2,527,029
Accrued interest receivable 1,409,142 1,475,299
Securities purchased under agreements to resell 5,412,110 12,605,748
Other assets 35,981,175 -

Liabilities
Deposits from banks .$ 62,788,244 39,571,457
Accrued interest payable ,' .1,290,176 1,301,578
Securities sold under agreements to repurchase .-10,110,834 -
Service level agreements fee payable 2,317,147 1,035,000
Other liabilities 4,796,088 5,512,707

Other assets
Included in other assets at December 31, 2007 are brokerage margin balances due from a related
party totaling $35,981,175 (2006: $nil).

Service level agreement fees


On October 1, 2003 the Bank entered into a service level agreement with the Parent to provide
finance, accounting, information technology and communication services. The agreement is
subject to annual re-negotiation.
Effective January 3, 2005 the Bank entered into a service level agreement with an affiliated
company to provide IT, operational support, risk control, investment consulting and identification
of opportunities services. The agreement is subject to re-negotiation annually.
The bank entered into an investment analysis agreement with Credit Suisse Consultoria de
Investments Ltda ("CSCIL") effective January 1, 2007. The annual fee is calculated as 0.15% on
asset under management.
On December 23, 2004, the Bank entered into a service level agreement with Credit Suisse, Zurich
to. house backup servers in Zurich and to provide some backup and maintenance routines in
connection therewith at an annual fee ,f CHF 9,940. Credit Suisse, Zurich has elected not to
charge any annual fees since the inception of this agreement.
Other expenses
Effective December 2005, the Bank entered into a License Agreement with Credit Suisse Group,
Zurich to use the master brand "CREDIT SUISSE" commercial and service trade marks and
variations thereof. The related payable of $nil (2006: $3,771) is included in other liabilities. The
agreement is subject to re-negotiation annually.
Asset management activities
The Bank provides asset management services for a large number of clients which include
individuals, corporations,, trusts and other institutions involving substantial funds, whereby it holds
and manages assets or invests funds received in various financial instruments at the discretion of
the customer. The Bank receives fee and commission income for providing these services. Assets
under management are not assets of the Bank and are not recognized in the consolidated balance
sheet. The Bank is not exposed to any credit risk relating to such placements, as it does not
guarantee theseinvestments.


12. Taxation
Under the laws of The Bahamas, there are presently no income, withholding or capital gains taxes
payable by the Bank.


13. Concentration of assets and liabilities
The following is a geographical analysis of assets and liabilities:


2007 -,
Europe America Bahamas Britain : Other ITdtals.-!
ASSETS
Cash and cash equivalents $ 231,927,437 80.765,289 10,432,695 208,695.771 1,260,821,192
Deposits with banks 11,.324,.125 11,324.125
Accrued interest receivable 689,291 1,989,523 245,817 2,924,631
Receivables from customers 8,575,392 8,575,392
Securities purchased under
agreements to resell 5,412,110 9,338,722 14.750,832
Loans and advances to customers 350,017 106.064,944 6,369,077 112,784.038
Other assets 35,981.175 399,646 36.380.821
$ 274,360,030 936,133.516 10.432,695 226.634,790 1,447.561,031
LIABILITIES
Deposits from banks $ 54,871,250 337,226 9.055,196 64.263,672
Deposits from customers 50.996.904 802.750.694 41,846,485 393,625,375 1,289.219,458
Accrued interest payable 1.376.760 362,941 344,281 2,083,982
Fees received in advance from
customers 126,300 126.300
Securities sold under agreements
to repurchase 10,110,834 -10,110,834
Service level agreement fees
payable 2.317,147 2,317.147
Other liabilities 6,797,511 6,797,511
$ 117,355,748 812,691,819 41,846,485 403,024,852 1.374,918.904


2006
Europe America Bahamas Britain Other Totals
ASSETS
Cash and cash equivalents $ 28,466,333 327,385.066 725,243.837 21,687 1,343 1,081.118.266
Deposits with banks 527.029 2,000,000 2.527,029
Accrued interest receivable 8.682 1,121,426 1,887,616 21.961 23.478 3,063.163
Receivables from customers 3,181,802 3,181,802
Securities purchased under
agreements to resell 7,175.748 2.226.331 5.430.000 14,832.079
Loans and advances to customers 52.774,820 7,394,423 60,169,243
Other assets 13.002 50.839 63,841
$ 29,002.044 337,682.240 785,327,408 5,473.648 7,470,083 1,164.955,423
LIABILITIES
Deposits from banks $ 8.468,838 39,036.640 879,784 10.139 48.395,401
Deposits from customers 2,096,883 6,828,622 653,248,740 37,373,171 332.511,377 1.032.058,793
Accrued interest payable 1.301.578 437.10? 643.376 .4,382.057
Fees received in advance from
customers 134,700 134.700
Securities sold under agreements
to repurchase 2.313.298 9.728,633 12.041.931
Service level agreement fees
payable 1,035,000 1,035.000
Other liabilities 3,771 9.567.373 9,571.144
$ 10.569,492 47,166,840 667.615.998 37,383.310 342,883.386 1.105.619,026

14. Maturities of assets and liabilities
The following is a maturity analysis of selected assets and liabilities:


2007
On demand, Up to I year Total
ASSETS
Cash and cash equivalents 5 78,775.150 1,182,046,042 1,260.821,192
Deposits with banks 11.324.125 11.324.125
Securities purchased under agreements to resell 14,750,832 14.750,832
Loans and advances to customers 67,148,413 45,635.625 112.784.038
$ 145.923.563 1.253,756.624 1.399.680.187

LIABILITIES
Deposits from hanks $ 10,863,672 53,400,000 64,263.672
Deposits from customers 1,023,544.554 265,674.904 1,289,219,458
Securities sold under agreements to repurchase 10,110,834 10.110.834
Fees received in advance from customers 126,300 126,300
Service level agreement fees payable 2,317.147 2,317.,147
Other liabilities 6,797,511 6.797.511
$ 1,034.408.226_ 338,426,696 1,372,834,922

2006
On demand Up to I year Total
ASSETS
Cash and cash equivalents $ 17,876.750 1.063.241.516 1,081.118,266
Deposits with banks 2,527,029 2,527,029
Securities purchased under agreements to resell 14,832,079 14,832,079
Loans and advances to customers 21.352.545 38,816,698 60,169,243
$ 39,229,295 1,119,417,322 1,158,646,617

LIABILITIES
Deposits from banks $ 9,895,401 38,500,000 48.395.401
Deposits from customers 726,839.786 305.219,007 1,032.058.793
Securities sold under agreements to repurchase 12,041,931 12,041,931
Fees received in advance from customers 134.700 134.700
Service level agreement fees payable 1.03500 1.035,000
Other liabilities . 9.571,144 : 9,571,144
S ' :." .. _.$S 736,735.187 366.501.782 .. 1,103,236,969


15: Capitalnmanagement


The Bank is subject to the regulations pf the Central Bank of The Bahamas ("Central Bank"). The.
Central Bank requires all Banks to maintain a capital adequacy ratio of at least 8 percent of risk
weight assets at all times. The capital adequacy ratio is calculated by dividing the Bank's eligible
capital base by its risk-weighted exposures. The Bank uses regulatory guidelines as the basis for the
calculation of the ratio. The risk asset ratio is calculated by dividing the Bank's eligible capital base
by its risk-weighted exposures. At December 31, 2007, the Bank's management is of the opinion
that the Bank meets the established minimum ratios established by the Central Bank.
The Bank has complied with the regulatory imposed capital requirements throughout the year.


As at December 31,2007, the Bank's eligible capital is as follows:


2007 2006

Tier I capital
Ordinary share capital $ 5,000,000 5,000,000
Contributed surplus 27,500,000 27,500,000
Retained earnings 40,142,127 26,836,397


Risk-weighted assets


Retail bank, corporate bank and central treasury $ 522,261,000 327,479,000
$ 522,261.,000 .... 327,479,000


Capital ratios
Total regulatory capital expressed as a percentage of
total risk-weighted assets 14% 18%


PUBLIC NOTICE
INTENTTO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, DASHEIL DESNHA COK
of No. 5, Ideal Estates in-the Eastern District of the Island of
the Islands of the Commonwealth of The Bahamas, intend to
change my name to DASHEIL DESHIA CAREY. If there are any
objections to this change of name by Deed Poll, you may write
such objections to the Chief Passport Officer, P.O.Box N-742,
Nassau, Bahamnas no later'than thirty (30) days after the
date of publication of this notice.

.'.


NOTICE





To the clients of


Knowles, McKay


& Culmer


the office will be Closed on

the 24th June, 2008 due to the

passing of Mr. Conrad J. Knowles

the father of our senior partner,

Mr. Paul A.C. Knowles.


I' aj


11.


NOTICE


Draft Partnership Announcement


PETER D. MAYNARD

COUNSEL & ATTORNEYS


is pleased to announce the appointment of:


JASON T. MAYNARD

as a PARTNER of the firm. Mr. Maynard practices
in the areas of civil litigation including: insurance,
international fraud, asset recovery, insolvency and
debt collection; and commercial areas including:
resort development, conveyancing and mortgages.
He has gained extensive experience in these areas
as an Associate Attorney with the firm since 2001.
He is a graduate of McGill University, University of
London and BPP Law School where he obtained
a Bachelor of Arts, a Bachelor of Laws and
completed the Bar Vocational Course respectively.
He was called to the Bar of England and Wales and
The Bahamas Bar in 2001.


Peter D. Maynard
Counsel & Attorneys
Bay & Deveaux Sts.,
P.O. Box N-1000,
Nassau Bahamas,
Tel: 242 325 533519


ESSAY COMPETITION




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

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

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

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

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


BUSINESII


"ll ;


: ,,.i







PAGE 2B, ONDAY JUN 23,2008UHEITIBUN


position

. available:

Registered ICU Nurse
Responsibilities
* Air medical transport of patients
* Administration of medication, oxygen and
intravenous fluids as indicated and outlined in the
Clinical Protocol Manual.
* Provide accurate and comprehensiveverbal and
written medical reports.

Requirements:
* Holder of current Bahamian Licence.
* Must have at least three years experience post
graduation in emergency or critical care Medicine
have current BLS & ALS Certification
* Must be independent, responsible \yij4.good
:"Communication skills "
* attractive Compensation Package


CV should be sent
via e-mail to
, gigi.airambulance
@coralwave.com by
June 30, 2008.


AirAmbulance


Des Lid


Minister defends





position on EPA


M By CARA BRENNEN-BETHEL
Tribune Business Reporter
THE minister of state for finance,
Zhivargo Laing, advised insurance execu-
tives at a CLICO (Bahamas) luncheon
that the status quo on insurance services
will remain intact under the Economic
Partnership Agreement (EPA) with the
European Union (EU).,
Mr Laing, giving the keynote address
at the luncheon held to honour top per-
formers at the company, said the
Bahamas' EPA services offer reflects what
is currently allowed by law in this nation.
Therefore, he said it was always sur-


prising that people
would think he was
pushing for -an
arrangement that
would wipe out the
rights of the Bahami-
ans.
"I am a Bahamian,
and whenever I
negotiate on your
behalf, I have
Bahamians' interest
at heart," Mr Laing
said.
"I am the son of a straw vendor, so do
you really think that I.would negotiate a


deal that would allow straw vendors from,
say for instance, Asia, come and take all
the business away from Bahamian straw
.vendors? It won't happen."
During his speech, Mr Laing gave a brief
history of the lead up to the EPA, stress--
ing that it has been in the works for a
number of years and was not something
the FNM government arbitrarily decided
to force on the Bahamian people.
He also used the analogy that globali-
.sation is like family- it is a part of you
whether or npt you like it and that trade"
liberalization is like a friend you can
choose it, and you can choose the terms
for how it works. *


Top real estate conference



to be hosted in Bahamas


THE Bahamas has been
chosen to host the 2008 ERA
Real Estate 'Beyond Excel-
lence' Conference, announced
Peter Dupuch, president of
ERA Dupuch Real Estate,
yesterday.
Scheduled for July 20-23 at
Atlantis, the conference is
expected to draw hundreds of
top-performing ERA associ-
ates from up to 35 countries
around the world.
"This is the first time the
Bahamas has ever been select-
ed to host this prestigi6us'coin-
ference and we are very proud
that it will be held in Nassau;"
said Mr Dupuch, who founded
Dupuch Realty in 1993 and
joined the ERA Real Estate
network with some 40,000 bro-
kers worldwide and 3,000
offices in the US, Europe and
the Caribbean, eight years lat-
er. For the past three years,
ERA Dupuch has been the
regional leader in sales for the
Caribbean and Bahamas.


Franh k
Comito,
executive
director and.
vice-presi-
dent of the
hBahamas
Hotel Asso-
ciation. wel-
conmed t he
news. "We
are always
pleased to
hear that theP
Baha in as.
has lauded a major conference.
It gives us" an opportunity to
showcase our extraordinary
. tourism experience and we
look forward to welcoming
them," he said.
"We're very proud that not
only is the Bahamas hosting
this exclusive by-invitation-
only conference, but five of
our own agents have been cho-
sen to attend," said Mr
Dupuch. "The conference
pulls together top performing


ERA Real Estate associates
from. around the globe for
training in new market trends,
financing, campaigns, luxury
marketing and open discus-
sions and sharing of success-
ful sales methods and tech-
niques."
Top performing ERA
Dupuch Real Estate agents
Peter Dupuch, Ken Chaplin,
Dave McCorquodale, Kyla
Ralston and Carla Sweeting
have been invited to the con-
ference. Invitees must have
sold at least 50 units in the pre-
vious year to be eligible.
Adapting to changing
* trends, ERA Dupuch Real
Estate last year jumped on
Bahamians' renewed interest
in buying land in Family
Islands, expanding its opera-.
tions from headquarters in an
historic cottage on East Bay
Street to. naming additional
agents in Abaco, Spanish
Wells, Eleuthera and Exuma
and Long Island.


Co4AA
nM J
[il^^^^^^^^ '


-U


FROM page 1B

tional financial centres' non-
inclusion on the EU's list of
countries with "equally tough"
anti-money laundering and
anti-terror financing regimes
came as no surprise given sim-
ilar previous initiatives.
While acknowledging that it
would have been "nice" if the
Bahamas had made the EU's
list, as transactions and clients
originating in this nation would
have faced less due diligence
requirements from the EU's
members, Mr Paton said the
latest development did not
change the "status quo".
He added: "Generally,
speaking, although it's unfor-
tunate they [the EU] would
take a position like this, as it
goes contrary to our OECD
commitment to negotiate in
good faith, at the end of the
day it doesn't change anything.
"The amount of due dili-
gence that Bahamian compa-
nies and clients already face in
trying to open a bank account
in the UK, Europe, is already
very stiff today, so I can't see
an impact." .
' Mr Paton described the EU
'white list', and the fact that
countries not on it are likely
to face heightened due dili-
gence requirements, as anoth-
er indication of the continuing
challenges the Bahamas and


its financial services industry
will face from developed
nations.
Arguing that the EU list's
members were chosen for
political reasons, Mr Paton
added: "Our due diligence and
anti-money laundering regime
is .a lot tougher than a lot of
countries on that 'white list'.
It's a perception issue, it's a
political issue. I'm not losing
sleep over it.
"It's going to force us to
come up with a comprehensive.
policy vision on how We posi-
tion the Bahamas strategically
going forward. The BFSt is
looking at this issue, the Gov-
ernment is certainly trying to
put together a strategic plan.
Certain consultancies are bid-
ding on% it, and the BFSB is
liaising with the-Ministry of
Finance.
'W hat's more important is
for us as a centre to decide
how we position ourselves over
the next three years going for-
ward."
Brian Moree, senior partner
at McKinney, Bancroft &
Hughes, told The Tribune that
by seemingly making it more
difficult for the Bahamas and
other international financial
centres to do business with EU
members, the so-called 'white
list' was designed "to create
leverage for the EU as they
attempt to impose their will on
international' financial centres
around the world".
'" 'This whole initiative seems
to be another manifestation of
the EU and some of its organs
basically trying to impose their
will on other international
financial centres in a way
which is not consistent with
international developments,"
Mr Moree said.
"It seemr to me to be anoth-
er initiative which is primarily
an anti-competitive initiative.
You're dealing primarily with
issues of competition, not anti-
money laundering, KYC and
anti-terror financing."
:':By creating these difficulties,
the, EU was hoping.to force
international centres to adopt
its recommendations in order
to obtain membership.
Describing this as "a most
unfortunate and inappropriate
approach", Mr Moree added:
"In niy 'iew, the more trans-
parent anid reasonable
approach would be to accept


there needs to be: a level play-,
ing field, to the extent that they
would wish to see a commit-
ment to good faith negotiations
without the threat of keeping
someone on a list or keeping
someone off a list"..
While- there was a concern
that the anti-competitive
nature of the EU 'white list'
could cost the Bahamas busi-
ness and clients, Mr Moree
said it was not yet clear
whether this would become the
reality. The Bahamas could
only judge its impact when the
EU and its members attempt-
ed to implement it on the
ground.
"There is a.real concern it
could make doing business
more difficult for countries not
on the list. Whether it proves a
significant threat to our busi-
ness in the Bahamas remains
"to be seen," Mr Moree told
The Tribune.
"It's early days, and we will
have to wait and see how sig-
nificant this development is. I
don't know if it's going to be a
major issue or not."
He added that it was diffi-
cult to. detect the criteria the
EU had used to determine"
membership of its 'White List',
citing the inclusion of coun-
tries that had not enjoyed a
good anti-money laundering
reputation in the past.
If the EU was trying to
assess the quality of Know
Your Customer (KYC), anti-
money laundering and anti-ter-
ror financing initiatives, Mr
Moree said it was "difficult to
understand how it can be said
that the Bahamas is not among
the top jurisdictions in the
world.
"It'is simply an objective fact
that by international standards
the Bahamas has some of the
most comprehensive and
robust anti-money laundering
laws and anti-terror financing.
Our KYC standards are
among the highest in the
world."
To combat the EY initiative,
Mr Moree said the Bahamas
needed to be proactive in "get-
ting the message out to all rel-
evant constituencies" and
show, through empirical data
and analyses that it had 'the
most stringent KYC, anti-mon-
ey laundering, 'anti-terror
financing and corporate gov-
ernance laws in the world.


PAGE 12B, MONDAY, JUNE 23, 2008


THE TRIBUNE




U U


GN.702


GOI


ER


NOTICE


Ministry of National Security
Office of
The Parliamentary Commissioner

PUBLIC NOTICE








THE TRIBL JE
1 I I1


I


CANDIDATE'S NAME


CURRY Daniel Nathaniel


SYMBOL


*


MCDERMOTT Norwood


MCINTOSH Joycelyn


MCINTOSH Leanath


MCINTOSH Leslie "


MILLS Earlyn Elvem n




North Abaco Constituency Polling Division 3
Wood Cay and Cedar Harbour
In the Little Abaco Town Area
Of the North Abaco District


NAMES OF CANDIDATES


SYMBOLS


MILLS Charley Emanuel


North Abaco Constituency Polling Division 4
In the Cooper's Town, Town Area
Of the North Abaco District


Office of the Parliamentary Commissioner

PUBLIC NOTICE

The Parliamentary Commissioner wishes to inform the general public that in accordance
with Regulation (8) and subject to paragraph (2) of the Parliamentary Elections (Symbols
and Time Off) Regulations, 2002,

1. Every employer shall permit each of his employees who is registered as a
voter to be absent from his work on polling day during the hours of the poll
for two hours in addition to the normal meal hour, for the purpose of
voting.

2. The provisions of paragraph (1) of this regulation shall not apply to an
employee whose work on polling day commences at or after ten o' clock in
the morning or concludes at or before four o' clock in the afternoon.

3. No employer shall make any deduction from the pay or other remuneration
of any employee or impose upon or extract from him any penalty by reason
of his absence from his work during the period specified in paragraph (1) of
this Regulation.

4. Any employer who contravenes any of the provisions of this regulation
shall be guilty of an offence and liable on summary conviction to a fine not
exceeding one-thousand dollars or to a term of imprisonment not exceeding
six months.
Parliamentary Commissioner








Office of the Parliamentary Commissioner

PUBLIC NOTICE

PROHIBITION ON SALE OF INTOXICATION
LIQUOR DURING POLLING HOURS
JUNE 26TH, 2008, LOCAL GOVERNMENT ELECTIONS


In connection with the Local Govenment Elections to be held on the 26th
day of June, 2008, the Parliamentary Commissioner wishes to remind the
public that under Section 99 of the Parliamentary Elections Act, 1992, all
licences issued under the provisions of the Liquor Licences Act shall be
suspended in All Districts where elections are being held during the hours
of the day in which the poll is being held.


Any person selling, exposing or offering for sale any intoxicating liquor
during such hours, in the above Districts, shall be deemed to be so doing
while not holding a licence under the provisions of the Liquor Licences
Act.



Parliamentary Commissioner








Office of the Parliamentary Commissioner

PUBLIC NOTICE

ALLOCATION OF SYMBOLS FOR
JUNE 26TH LOCAL GOVERNMENT ELECTIONS


In accordance with Section 17 (6) of the Local Government Act, 1996, the
Parliamentary Commissioner has assigned the following symbols to Candidates in
the Local Government Elections to be held June 26th, 2008.

North Abaco Constituency Polling Division 2
Crown Haven, Fox Town and Mount Hope
In the Little Abaco Town Area
Of the North Abaco District


EDGECOMBE


Gersil


MCINTOSH Freddie


ROLE Joshua L.


SANDS Eulean M.


SAWYER Elvine


SMITH Gary Anthon


North Abaco Constituency Polling Division 5
Fire Road and Black Wood
In the Cooper's Town, Town Area
Of the North Abaco District


NAMES OF CANDIDATES


COLLIE Eric Gordon


COOPER Jeffery


CORNISH Clyde Hemish


WILLIAMS John


North Abaco Constituency Polling Divisi
The Treasure Cay Town Area
-Of the North Abaco District


NAMES OF CANDIDATES


BOOTLE Clifton D.


BURROWS Deangelis

COOPER-FARRINGTON Cheryl


MCKINNEY Stephanie Louise


PEDICAN Stephen F.


ROLLE Godfrey Jr.


RUSSELL Raymond


SMITH Roberto


South Abaco Constituency Polling Division
Marsh Harbour
In the Marsh Harbour & Spring City Tow
Of the Central Abaco District


NAMES OF CANDIDATES


ALBURY Lowell H.

ALBURY Margo Sharon

ARCHER Carl


KEY Yvonne Maude


MALONE Mike W.


PINDER Kandy Kay


SAUNDERS Ruth


SAWYER


SYMBOLS














on 6



SYMBOLS


























4,5&6

n Area



SYMBOLS







*


Chad Wilson


SAWYER Danny Ross


STURRUP-ROBERTS Kimberly Dawn


THOMPSON


Roscoe W. III


NAMES OF CANDIDATES


RUSSELL Pete Rozelle

SAUNDERS Yvonne


SYMBOL
















_.






p


*


AP GE 2 MONDAYJUNE 23 20 8


CORNISH Ejnar


CORNISH Kirk Daniel


COX Patrice S.


EDGECOMBE Garneth









E TRIBUNE _---


North Abaco Constituency Polling Division 9 & 10
Dundas Town
The Dundas Town, Town Area
Of the Central Abaco District

NAMES OF CANDIDATES SY


I


TMBOLS


C


]


I


]


-l





-I


I


MALONE Harold L.

MALONE Mark Stephen

RUSSELL Lana Juanita

THOMPSON Roscoe Jr.


4b
_y_


MONDAY. JUNE 23, 2008, PAGE 3


I n-


South Abaco Constitu
The Sandy P
Of the South


lency Polling Division 11
oint Town Area
h Abaco District


J


C


ORNISH George Wilson *


:ORNISH Maguerita "Maggie"


INGRAHAM Cecil __


KNOWLES Glenda __


NOWLES Stephen______


MA.TOR Wanda


MAYCOCK Vashti "d'shan"


MCINTOSH Sidney


MILLS Cay Shenell _______


NEWBOLD Faron


THOMPSON Kirklyn Douglas


WILLIAMS Augustine "Stenie" _


WILLIAMS Edward' "Jimmy" .__-


WILLIAMS Larry

North Abaco Constituency Polling Division 8 & 11
Murphy Town
The Murphy Town, Town Area
Of the Central Abaco District

NAMES OF CANDIDATES SYMBOLS


ANTONIO-DEAN Karen *


BOODLE Don


BOODLE Rockling


CURRY .- Renardo ..........

DAVIS Adriel Gilbert


DAVIS Cubell


DAWKINS Eugene Dudley


LOCKHART Sonith


MCDONALD Glenn Roy ......


SWAIN Bradley


SWAIN Paul Timothy


Tinker Jexell


WINDER Justina

South Abaco Constituency Polling Division 2
Man-O-War Cay Town Area
of the Hope Town District

NAMES OF CANDIDATES SYMBOLS


ALBURY Andy Lee


SYMBOLS


MUNNINGS Jamal Temeco OR


ROLLE Javon Navardo


R-OMERR Anthony Ruebean _


STORR James A.

North Andros.ConstituencyPolling Division 10
South Mastic Point
in the Mastic Pdint- Town Area
'Of the North Andros District


NAMES OF CANDIDATES



FOWLER Jonathan Berkley


JOHNSON Tadra Jenny


NEWTON Jetlyn E..


OQLIVER Willard Antonio


_SMITHJames Edward

North Andros Constituency Polling Division 1
Lowe Sound
In the Lowe Sound Town Area
Of the North Andros District


NAMES OF CANDIDATES S"


EVANS

EVANS


Alton


Tcealane Ganeva


RUSSELL Keith E.


RUSSELL McGreg

RUSSELL Nicolette Annalicia


_ UaB BS __ ___Al fie


THOMPSON Rosevelt


SYMBOLS


SYMBOLS


*













4




-. ~dt'.. -.


TLIP


l


I


NAMES OF CANDIDATES SYMBOLS


FOX Ronn Edward ________


LIGHTBOURNE Arthur


LIGHTBOURNE Valeria Barbara


MCKINNEY Julia Carmen


MCKINNEY Robert J.


PINDER Donald R. Jr. 9


ROBERTS Deisha N.

ROBERTS Preston


iWHITE Stanley Alfred

North Andros Constituency Polling Division 7
Barc
In the Mastic Point Town Area
Of the North Andros District


I


_


i


South Abaco Constituency Polling Division 9
Casuarina Point and Bahama Palm Shores
The Cherokee Sound Town Area
Of the South Abaco District


NAMES OF CANDIDATES SYM IBOLS


ALBURY Reginald F. ___


ALBURY Sandra M. .__


HUDSON John Hamilton


NAMES OF CANDIDATES SYMBOLS


GARDINER Harold


ROLLE Sheila M.

North Andros Constituency Polling Division 9
North Mastic Point
In the Mastic Point Town Area
Of the North Andros District


NQ


ALBURY Grant Nicholas

MCDONALD Haziel Wallace ._


SWEETING Jeremy Terris

SWEETING Philip Walter *.

WEATHERFORD Ray Christopher ____


South Abaco Constituency.Polling Division 3
Hope Town, Town Area
of the Hope Town District
NAMES OF CANDIDATES SYMBOLS


BETHEL Diane Elizabeth

CASH- Austin Roy


NAMES OF CANDIDATES







THE TRIBUNE


AP GE 4 MONDAYJUNE 8


North Andrps Constituency Polling Divisioni2
Iowe Sound and a part of San Andros west of the Queen's Highway
In the Lowe Sound Town Area
Of the North Andros District


NA


EVANS Elcid Leroy


SCOTT Daquin -


WALKES Cynteish --


WALLACE Timothy __....--_

North Andros Constituency Polling Division 4
Nicholl's Town and the part of San Andros east of Queen's Highway
In the Nicholl's Town, Town Area
Of the North Andros District


NAMES OF CANDIDATES


SYMBOLS


COLEBY Granville


EVANS Bernard
oi 'e .- ,
HANNA Edward Jackson ....


MUNROE Dan


RUSSELL James .........


STORR Bassiemae ----

North Andros Constituency Polling Division 5
Conch Sound
In the Nicholl's Town, Town Area
Of the North Andros District


NAMES OF CANDIDATES


MACKEY Prince


MILLER Ashwell Whitney


PRATT Nathaniel


South Andros Constitui
Cargill Creek and
In the BehrifigPoiif& (
The Central A

NAMES OF CANDIDATES





BAIN Joel


BOWLEG Doreen


LEADON Terrance


South Andros Constiti
Bowen Sou,
Of the Central



NAMES OF CANDIDATES


ANDERSON Elan


DARVILLE Kimberlyn


SYMBOLS


ency Polling Division 9B
Man-O-War Sound
Cargill Creek Town Area
Andros District

SYMBOLS














uency Polling Division 10
nd Town Area
l Andros District



SYMBOLS



A


South Andros Constituency Polling Divisions
Autec, Andros Town, Fresh Creek, Calaba
Small Hope, Smail Hope Bay and Love Hi
In the Fresh Creek Town Area
Of the Central Andros District

NAMES OF CANDIDATES


dMES OF CANDIDATES SYMBOLS




BARR Roy Jr. ______


CLEARE Brian O'Neal ______


MOSS Sabrina


OLIVER Geneva


ROLLE Preston


RUSSELL Loxwell____


North Andros Constituency Polling Division 3
Nicholl's Town and Morgan's Bluff
In the Nicholl's Town, Town Area
Of the North Andros District


NAMES OF CANDIDATES SYMBOLS


m


F-%A --, IIa -L ~, V A- -., CW


I


11 & 12
sh Bay,
ill


li


Solomon


SHERMAN Wilfred,


South Andros Constituency Polling Division 1
Mars Bay
In the Deep Creek Town Area -. ,
.,' ,,. Of the South Andros DkPtric '' .J.

NAMES OF CANDIDATES SYMBOLS


BROWN Gloria ____


DUNCOMBNE Pauline --


MCINTOSH Louisette Rita


MOSS Wenzel


NIXON Anthony _

South Andros Constituency Polling Division 3B
'Kemp's Bay and Johnson's Bay
In the Kemp's Bay Town Area
Of the South Andros District

NAMES OF CANDIDATES SYMRBOLS


JOHNSON-HEWITT Jacqueline _


MILLER Charles *


PRATT Daniel


__RAHMING Joel


SMITH Rosemary L.


South Andros Constituency Polling Division 4
The Bluff Town Area
Of the South Andros District

NAMES OF CANDIDATES SYMBOLS


FERGUSON Gail


FERGUSON Tasha


LEWIS Royneil


MCKINNEY Jacquelyn


RAJ MING Arnold E.


ROLLE .Bernadtte


ROLLE Zebedee


SMITH-ROLLE Sophia Lithera


AGARO Colin

BODIES Seva Jane


DOUGLAS Peter


DUNCOMBE-MINNIS Theresa.


EMMANUEL Sandra


HANNA Rodney


HINSEY Betty P.


HINSEY Christopher


MCQUEEN-STUBBS Donna


PENN Cecil


STUBBS Mable


SWEETING Deon


THOMPSON Tavares T.


WRIGHT Evelyn C.


Dennis


NESBITT


Hayward


AJOr' A RAP Ik r A% f 11v Mir-^^ fv vvv


North Andros Constituency Polling Division 11
Stafford Creek
In the Staniard Creek Town Area
Of the Central Andros District

NAMES OF CANDIDATES SY


I


MURPHY


ADnDERLEY


SYMBOLS


mlmmmmm


SYMBOLS





























---







MUNUAL, JUINtL 4o, 4uuo, i t.- -


THE TRIBUNE ___


South Andros Constituency Polling Division 5A
High Rock and Duncombe Copice
In the Long Bay Cays Town Area
Of the South Andros District

NAMES OF CANDIDATES S1
**~


YMBOLS


E2RB S--- Marilyn


ROLLE Angela


STUART Nancie 0.

South Andros Constituency Polling Division 5B
Long Bay Cays, Congo Town and Motion Town
In the Long Bay Cays Town Area
Of the South Andros District

NAMES OF CANDIDATES SYMBOLS'


ADDERLEY Aremina L.


FERGUSON Mary J.


KNOWLES Percy


PRATT James .


RAHMING Emily M.


TAYLOR Kendal


South Andros Constituency Polling Division
Drigg's Hill
In the Long Bay Cays Town Area
Of the South Andros District

NAMES OF CANDIDATES


16




SYMBOLS


FEI.TZ Diana, woo

FORBES Shirley ..)


FORBES Vera Loleita L.


Cat Island, Rum Cay & San Salvador Constituency Polling Division 1
Dumfries, Arthur's Town and Zion Hill
In the Arthur's Town, Town Area
Of the Cat Island District
,v . e


NAMES O

TUA M


PATlGE


RAHMING


RUSSELL


.STUBBS


)F CANDIDATES SYMBOLS


Dwain Sr.


Hugo'


Melony Ellaine.


Renee L. _______


Omar F.

Cat Island, Rum Cay & San Salvador Constituency Polling Division 2
Orange Creek
In the Arthur's Town. Town Area
Of the Cat Island District


NAMES OF CANDIDATES SYMBOLS


CAMPBELL Charles


CLEARE Willard Ivan p


PRATT Paul Oliver Sr.


SMITH Jessie Viola

Cat Island, Rum Cay & San Salvador Constituency Polling Division 3
Bennett's Harbour, Stevenson, Industrious Hill, Gaitors,
The Bluff, Wilson Bay, Rokers & Thurston
In the Arthur's Town, Town Area
Of the Cat Island District

NAMES OF CANDIDATES SYMBOLS

HEPBURN Emma Jane


ROLLE Derrick Eugene


STRACHAN Hancil .


THURSTON Samuel Keith

Cat Island, Rum Cay & San Salvador Constituency Polling Division 4
Cove, Tea Bay, Smith's Bay & Knowles'
In the Bight Town Area
Of-the-Cat-Island District


NAMES OF CANDIDATES


DORSETTE/ Melissa Patricia


STUBBS ,.Terome


SYMBOLS


-I


Cat Island, Rum Cay & San Saivaaor Consuiumcncy ruouig viMisiuu .
New Bight
In the Bight Town Area
Of the Cat Island District


. I


HART Sheba Mae


SEYMOUR Lindy


WILSON Cedric Peter

Cat Island, Rum Cay & San Salvador
Bain Town, Port Howe.
In the Bight To
Of the Cat Islan
NAMES OF CANDIDATES


BUTLER Kendal Joseph


HUNTER Daisymae

Cat Island, Rum Cay & San Salvado
McQueen's and
In the Bight I
Of the Cat Isla
NAMES OF CANDIDATES.




BURROWS Albert


GILBERT 'Nathaniel


Constituency Polling Division 7
and Zonicle Hill
wn Area
d District
SYMBOLS







r Constituency Polling Division 8
IDevil Point
town Area
and District
SYMBOLS


North Eleuthera Constituency Polling Division 12
The Gregory Town, Town Area
In the Central Eleuthera District

NAMES OF CANDIDATES SY

-B&ASTIAN Loran Pedro

BELLE Ricardo


CAMBRIDGE Kevin Keith


DANIELS Joshua E.


JFERNANDER Donald Audley


GIBSON Clarence Randolph


JOHNSON Jerome tenard


JOHNSON Michael E.


MS Larry Alphonso

ROLLE Lonnie E.


SMITH Gary Kindrick


North Eleuthera Constituency Polling Division 13
Alice Town & Hatchet Bay
The Hatchet Bay Town Area
In the Central Eleuthera District

NAMES OF CANDIDATES SY


BAIN Patricia


DAVIS 'Peter Lorenzo


FERNANDER


Nickal Elizabeth


PINDER Carol Donnalee


PINDER Clarence Darren

PINDER Gershom Felix


SCAVELLA. .Kennedy


SCAVELLA Robert B.


SMITH Darrell Oscar


tMBOLS















4




.-~.
--





















MBOLS
















9
rt*



Y


I n..- 4,. P. o-- Pnn,.a nividnn ri


m


i


--


NAMES OF CANDIDATES SYMBOLS


KING Danson Gregory


KNOWLES Neca Cecelia -


MCKINNET Sean Herman


RUSSELL Ezra Kelson


SEYMOUR Valderine

Cat Island, Rum Cay & San Salvador Constituency Polling Division 6
Old Bight
In the Bight Town Area
Of the Cat Island District
NAMES OF CANDIDATES SYMBOLS


DANTEI.S Alfred -


0 1 iv








THE TRIBUNE


PAGE 6, MONDAY, JUNE 23, 2008


North Eleuthera Constituency Polling Divisio
The James Cistern & Rainbow Bay Town A
In the Central Eleuthera District


NAMES OF CANDIDATES


BETHEL Angelo Bruno


BETHEL Edmund Obrien


BETHEL


Windsor Eleazar Sr.


JOHNSON Isaac


JOHNSON Timothy


ROLE Aretha


WEINBURGER Arthur Wade


WHITE Edgar Velock


South Eleuthera Constituency Polling Divisions
Palmetto Point Town Area
In the Central Eleuthera District


NAMES OF CANDIDATES


BETHEL Ezra


COOPER Addison M.


COOPER Elvis Franklyn


COOPER Everette Kendal



COOPER Inez Lagloria


CULMER Anthony "Tails"


DEAL Andy


DEAL George Benjamin


DEAL Keith Sheldon


JOHNSON Hank Stephen


MINGO


Delshire


MINGO George Frederick


.MANDS Sammy Richard


STUART Livingston Paul "Winkie"


THOMPSON Francis Spencer

South Eleuthera Constituency Polling Div
The Tarpum Bay Town Area
Of the South Eleuthera District
NAMES OF CANDIDATES


I -


in 14
rea


ALLEN Henry T. ...


ARMBRISTER Laverne Alicia _


CAREY Dennis -


CAREY Lawrence


HENFIELD Marie Jennifer


JOHNSON Milton A.


KNOWLES Cleveland H.


KNOWLES Henry Glen lO


KNOWLES William P.


NOTTAGE Brenville M.


SANDS Sherry Ann

South Eleuthera Constituency Polling Division 2 & 3
The Rock Sound Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES SYMBOLS


CURRY Robyn Jillian


DORSETT Michael Anthony Sr.


FERNANDER Ricardo D.


I


I


SYMBOLS








X ~

















11 & 12




SYMBOLS


















































ision 1I



SYMBOLS


South Eleuthera Constituency Polling Div
The Green Castle Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES



BUTLER Larrie Teresa


LIGHTBOURNE Terrel Albert


RICHARDS Hilbert N.


RTCHARDS-PETTY Lillian Elizabeth


ROLLE Bertram Howard

-SM11H Nora Che-Che


SWEETING Bernadette


WRIGHT Donald

South Eleuthera Constituency Polling Div
Wemyss Bight, Millers and John Mill
The Wemyss Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES


GIBSON


Danielle C


-MCKINNEY Adrean Maria

DTCUADnC Clonl11a


ROLLE-WILLIAMS Clara


SWEETING Ernest Arthur


THOMPSON Clement Benedict


South Eleuthera Constituency Polling Divi
Deep Creek
In the Wemyss Bight Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES




ANDERSLN Leviticus


MILLER Walter


PRATT Albert Whitfield


TAYLOR Nehemiah

South Eleuthera Constituency Polling Divis
Waterford
In the Wemyss Bight Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES


JOLLY Jackson


WHYLLY Breon


South Eleuthera Constituency Polling Divisio
Bannerman Town
In the Wemyss Bight Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES


BULLARD


MC-PHEE


i2&3


SYMBOLS

ti-


George Wellington


Philip Anthony


I


South Eleuthera Constituency Polling Division
The Rock Sound Town Area
Of the South Eleuthera District

NAMES OF CANDIDATES


HILTON Wellington Roscoe


HORTON Ronald Lloyd

KEMP Philip Francis


KEMP Portia Michelle


MAYNARD Patrick Charles


RUSSEFLL Doyle J.


SANDS Chandra Danette


SANDS Jerry Jerome


SAUNDERS. Jan Krishna.


,


murrinn


SYMBOLS























































































ion 7
4.






'ision 4



SYMBOLS


























vision 5
lars



SYMBOLS




















sion 6




SYMBOLS
















ion 7




SYMBOLS








n8


- ; : f- *., ,









THE TRIBUNE


MCKENZIE Marvin A.


MCPHEE Treva O'Brian __


MUNNINGS Gary _


POITIER Willamae


ROLLE Godfrey C.


ROLLE Quenton


I


Exuma Constituency Polling Division 8
The Forest
In the East Exuma Town Area
Of the Exuma District

iAMES OF CANDIDATES SYMBOLS


CLARKE Frederick B.


FORBES Kirkwcod


Exuma Constituency Polling Division 9
Jimmy Hill, Mount Thompson and Ramsey
In the East Exuma Town Area
Of the Exuma District

FAMES OF CANDIDATES SYMBOLS






GROLLE Gary Vincent -


ROLLE Leroy Thomas _'-- --

Exuma Constituency Polling Division 10
Hermitage, Tar Bay and Moss Town
In the East Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES SYMBOLS


DiV'AUX Virginia -----


HOLBERT Kingsley

Exuma Constituency Polling Division 11 & 14
George Town, Jolly Hall and Bahama Sound
In the East Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES SYMBOLS


BOWE Eurika Kishna


BROWN Kevin


CARROLL Kenneth R.


FISHER Ernest A.


MCPHEE George K. ___


ROLLE Livingston P.

Q, Exuma Constituency Polling Division 12
-. -.- Rolle Town and Hartswell
In the East Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES SYMBOLS


DAMES Leonard


CURLING Bradford R.


ROLLE Bernard G.

Exuma Constituency Polling Division 13
Forbes Hill, Williams Town and The Ferry
In the East Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES SYMBOLS


RAY Godfrey M. '__


THOMPSON Keith Edward


TURNQUEST Arvin Peter _____

Exuma Constituency Polling Division 4
Barreterre and Arnetts Track
In the West Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES SYMBOLS


MCKENZIE Wayne M......_____


MUNROE Fadora _

Exuma Constituency Polling Division 6
Rolleville
In the West Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES SYMBOLS


MONDAY, JUNE 23, 2008, PAGE 7
Exuma Constituency Polling Division 7 & 15
Farmer's Hill, Cilbert Grant, Steventon, Roker's Point,
Harts, Ocean Bight & Calvin Hill
In the West Exuma Town Area
Of the Exuma District

NAMES OF CANDIDATES SYMBOLS


ARMBRISTER Floyd Q.


DAVIS Glenn L.


GIBSON Albert Henry


NE____ Glenroy


NIXON Zelma


ROLLE Magnola


SMITH Cecil L. -------------


THOMPSON Robin Lynden

High Rock Constituency Polliag Division I
The Sweeting's Cay Tow Area
In the East Grand Bahama District

NAMES OF CANDIDATES SYMBOLS


__REYANN5__ Wilson Howard-


FEASTER Cardinal '_" -


_EASTER Floyd Jefferson


MITCHELL Calvin


PYFROM James Doral


TATE Bradley Leo


TATE Shervin Nelson ___


STHOMASS Wilton

High Rock Constituency Polling Division 2
High Rock
In the High Rock Town Area
Of the East Grand Bahama District

NAMES OF CANDIDATES SYMBOLS


BAILLOUJ Pedyson H. .


KNOWLES Geleta E.


MATHER__ Magdalene


MCINTOSH Elvenia


ROBERTS Carlton


High Rock Constituency Polling Division 6
McCIcans Town and Pelican Point
In the High Rock Town Area
The East Grand Bahama District
NAMES OF CANDIDATES SYMBOLS



-^ ^ ^ -- - -------Di-----

THOMAS Joseph

THOMAS Philip


LAING- -_ Lawrence


High Rock Constituency Polling Division 4
Freetown, Bevans Town, Gambier Point and Gold Rock Creek
In the Freetown Town Area
Of the East Grand Bahama District

NAMES OF CANDIDATES SYMBOLS



MCINTOSH Tyrone ______


MUNNINGS .Angela Beverly_ _________


ROBERTS Brice '_______

West End and Bimini Constituency Polling Division 1
In the West End Town Area


Of the West Grand Bahama District
NAMES OF CANDIDATES SYMBOLS


FRITH Deloris


-JONES Franchelle E.


MOQRE___ Quentin __ ------


SMITH Phillip Gordon ______


_SWN___ _Frederick


WILCHCOMBE Morton Sr.







THE TRIBUNE


.-. a ..-%. ar% A iiinf r2#l 3nnlr


PAGE 8. MONDAY, JUNE 23, 8


West End and Bimini Constituency Polling Division 2
In the West End Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYM


ADDERLEY Jerrisma MettleDell

GARVEY Michael Antonio


GREENE Mark

HANNA Constance


HANNA Edna


MCKENZIE Donald Casey


ROBERTS Cardinal M.


ROLLE Jerreth R.

West End and Bimini Const
In the West End
Of the West Grand


IBOLS


NAMES OF CANDIDATES SYMBOLS



ALBURY Jeffrey P.


MCKENZIE Arvell Ronald

MCQUEEN Marvin ________

SMITH Kingsley Jr.

WILCHCOMBE Morton Jr.
West End and Bimini Constituency Polling Division 4
Holmes Rock
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS


ROLLE Holmes Edward


STUART Kern

STUART Threason. 4

WALKER Lorenzo Jr.

West End and Bimini Constituency Polling Division 5
Martin Hill
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS


DEAN Sophie P.


STUART-MCINTOSH Joyann

MORRIS Kevin Lavar


ROBINSON Gilbert S.

West End and Bimini Constituency Polling Division 6
Seagrape
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District


NAMES OF CANDIDATES SYMBOLS


DELANCY Derick

FRANCIS Natasha Helena

LAWRENCE Tyrone _. ----

RIGBY Christopher Jonathan __


West End and Bimini Constituency Polling Division 7
Jones Town
In the Eight Mile Rock West Town Area
Of the West Grand Bahama District


NAMES OF CANDIDATES SYMBOLS


FORBES Joanna-

MOULTRIE Glenvino

OUTTEN Clifford --- -


SCOTT Samuel Frederick


Eight Mile Rock Constituency Polling Division 6
Hepburn Town
In the Eight Mile Rock East Town Area
Of the West Grand Bahama District


ituency Polling Division 3
d Town Area
Bahama District


Eight Mile Rock Constituency Polling Division
Pinedale
In the Eight Mile Rock Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES


CAREY Tinessa D.


FORBES Cheryl Margueritte


HEPBURN Vandyke C.J.


LIGHTBOURNE Auttea Claudine

KEMP Roscoe R.


VEGA James Alexander


10 & 11


SYMBOLS





A




9


* BAIN James

BOWE-KNOWLES Tryphenia B


MARCELLO Lyn Veronica


*
Y_


m


I


!


I





I


l


m


I


NAMES OF CANDIDATES SYMBOLS


BARTLETT Calvis Odell ": -_______ _

CHARLTON Perry P. __, .....

RODGERS Yannick Orlando

Eight Mile Rock Constituency Polling Division 13B
Hunters Town & Mack Town
In the Pinder's Point Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS

BEVANS -Wilfred Leon .


JOHNSON Bernadette


-LE]IS Simon

LEWIS Thaddeus 'Teddy"

RUSSELL Georgianna Jeanette


-USSELL_ Jacqueline "Jackie"


Eight Mile Rock Constituency Polling Division 1
Lewis Yard
In the Pinder's Point Town Area
Of the West Grand Bahama District

NAMES OF CANDIDATES SYMBOLS




FORBES Wayne Alexander ______

RUSSELL Linda Marie __

RUSSELL Maydone

RUSSELL Ruth Naomi

Long Island and Ragged Island Constituency Polling Division 6
Millers and McKanns
In the North End Town Area
Of the Long Island District

NAMES OF CANDIDATES SYMBOLS


Eight Mile Rock Constituency Polling Division 12
Martin Town & Russell Town
In the Pinder's Point Town Area
Of the West Grand Bahama District


I


NAMES OF CANDIDATES SYMBOLS


CLARKE Kevin .__

CURRY Harold V.


ROLLE Charles Sylvester '


ROLLINS Carnetta __

Eight Mile Rock Constituency Polling Division 7
Bartlett
In the Eight Mile Rock East Town Area
Of the West Grand Bahama District
NAMES OF CANDIDATES SYMRO S


ROBINSON Sean R.


RUSSELL Lindy Harris


WILDGOOSJE Oniel







MONDAY, JUNE 23, 2008, PAGE 9


THE TRIBUNE


Long Island and Ragged Island Constituency Polling Division 7
Millerton to Bunches
In the North End Town Area
Of the Long Island District

NAMES OF CANDIDATES SYMB(


~1


ADDERLEY Christopher Ubald ---

PELECANOS Carolyn Louise ____ _____


PINDER David Darin Jr. .._


Long Island and Ragged Island Constituency Polling Division 8
Stella Maris Glintons, Burnt Ground & Seymours
In the North End Town Area
Of the Long Island District


NAMES OF CANDIDATES SYMBOLS




ADDERLEY Exodus Maxwell


BURROWS Eddington Alexander


DIXON Allen Richard


SMITH Alvin


SMITH Shervin Alvin


TAYLOR Wellington ---

Long Island and Ragged Island Constituency Polling Division 1
Morrisville to Gordon's
In the South End Town Area
Of the Long Island District

NAMES OF CANDIDATES SYMBOLS


CARROLL

CARTWRIGHT


DEAN






NAMES OF


Sandy Marietta

Maria _


Daniel ___

Long Island and Ragged Island Constituency Polling Division 2
Clarence Town
In the South End Town Area '
Of the Long Island Diftrict

CANDIDATES SYMBOLS


BAIN Vernice Annette ___


BOWE Delores Cecilia

Long Island and Ragged Island Constituency Polling Division 10
Deadman's Cay, Billy Bowe & Buckleys
In the South End Town Area
Of the Long Island District


NAMES OF


CARTWRIGHT


KNOWLES


KNOWLES

TURNQUEST


CANDIDATES SYMBOLS


Thalburgh Coolidge _____


Ian Vaughn


Jude Augustine

Charles Hilton

Long Island and Ragged Island Constituency Polling Division 3
Cartwrights, Mckenzie, Mangrove Bush, Petty's, Hamilton's,
Benzie Hill, Scrub Hill and Turnbull
In the South End Town Area
Of the Long Island District


NAMES OF CANDIDATES SYMBOLS


CARTWRIGHT Cornelius Sean

CARTWRIGHT Mathias Leonard


KNOWLES Bertis Bernard _

Long Island and Ragged Island Constituency Polling Division 4
The Bight to Lower Deadman's Cay
In the South End Town Area
Of the Long Island District
NAMES OF CANDIDATES SYMBOLS


ADDERLEY Bernard Augustus .....


ADDERLEY Vandyke McDonald


RITCHIE Radcliffe Llewellyn ,/


MICAL Constituency Polling Division 4
Lovely Bay, Chester's, Pine Field and Anderson
The Acldins District

NAMES OF CANDIDATES SYMBOLS


)LS


I'HE___ TRIBUNE


Loan Alfred


r


ROLLE


ft


I


ROLLE Copeland Franklyn

MICAL Constituency Polling Division 7
Salina Point
The Acklins District
NAMES OF CANDIDATES


FORBES Rufus Nathinel


ROSE Steven Jr.


STYLES Kevin Christopher

North Andros Constituency Polling Division 8
The Berry Island District
NAMES OF CANDIDATES S




BARR Norma Morrene

BUTLER Henry Lee


CAREY Valentino


DEAN David Augustus


FRANCIS James .Tommy"


ROLLE Cardinal N.


ROLLE Elorn Joyful


WALLACE Kevin Arlington


Exuma Constituency Polling Division 1
Highbourne Cay, Rat Cay and Staniel Cay
The Black Point District
NAMES OF CANDIDATES S




COOPER Lydia Senier

ROBINSON Solomon L.E.



Exuma Constituency Polling Division 2
Black Point
The Black Point District

NAMES OF CANDIDATES S




ADDIRLEL-_ Althea Maria

BROWN Barry


KEMP Ezra


ROLLE Dudley Hiram

ROLLE Esther


C
A


FORBES Dianna


HANNA Kathy


OLLIE Derek ---


COX Roston Philip -- -

JOHNSON Isaac


WILLIAMS Clarence Oneil ____ _


WILLIAMSON Garron Orville ____ ____


MICAL Constituency Polling Division 6
Pompey Bay, Spring Point, Delectable Bay,
Morant Bay & Binnacle Hill
In the Acldins District

NAMES OF CANDIDATES SYMBOLS


BULLARD Terrence


CAMPBELL Marvin L.


SYMBOLS





























SYMBOLS















YMBOLS
YMBOL



(@



-A-








PAGE 10, MONDAY, JUNE 23, 2008


THE TRIBUNE


a I I.


Exuma Constituency Polling Division 3
Farmer's Cay and Darby Island
The Black Point District

NAMES OF CANDIDATES


RImn VO


AiAden


BURKZwS' -

ROLLE Alfred Rudolph



Eight Mile Rock Constituency
Polling Divisions 3, 4, 5, 13A, 14 & 1
In the City of Freeport District

NAMES OF CANDIDATES


ADAMS-NEWBOLD Gwendolyn Diane

FARRINGTON Urise Mae


GIBSON Frazette Isadora



High Rock Constituency Polling Div
In the City of F

NAMES OF CANDIDATES




CAMPBELL Clement St. Clair


CROWTHER-GOW April V.Y.


THOMPSON Fritzroy Carl


Lucaya Constituency Polling Div
11,12,13,14,
In the City of Fre


SYMBOLS












5


SYMBOLS




-k


visions 3, 7, 8, 9A, 10, 11, 12, 13 & 14
report District

SYMBOLS













ision 1, 2, 3, 4, 5, 6, 7A, 8, 9, 10,
15, 16 & 17
report District -


NAMES OF CANDIDATES SYMBOLS




FOX Damien


FRANKS Philip Kendal


SANDS Derick Walton ( ...._


SMITH Cornelius A. Jr. __


WILLIAMS Cedric Joseph ___-_

*
Marco City Constituency Polling Division 1-14
In the City of Freeport District

NAMES OF CANDIDATES SYMBOLS




BOWE Felix Roy


CfiRTIS Donald L.


Ferguson Kevin Rupert


NBETON-RUSSEI.L Joanna ------


ROLLE Derrex Anderson -


Pineridge Constituency Polling Division 1-13
In the City of Freeport

NAMES OF CANDIDATES SYMBOLS



ALBURY Melvina Albertha ______


COLLIE Hansel


MARTINBOROUGH William Hayward


MORRIS Shirley Mae -


SMITH Ashley James


MICAL Constituency Polling Division 2
Cabbage Hill, Fairfield and Church Grove
In the Crooked Island and Long Cay District

NAMES OF CANDIDATES S


SYMBOLS


CUNNINGHAM David A.


FERGUSON Habakkuk


THOMPSON Timothy Avon


I


North Abaco Constituency Polling Division 7
The Green Turtle Cay District


NAMES OF CANDIDATES S


_J


J







J


J


J


J

(


(


(


SYMBOLS


ADDERLEY-OUTTEN Donald Richard ____...


BETHELL David Lionel -


CURRY William Gregory


JOHNSON Floyd Whitfield -. __


LOWE George Lonnie _____._


LOWE Leonard Augustus


RECKLEY Kirk "Juice"


ROBERTS Philip Kenneth _


SAWYER Brian Joseph __


SAWYER Freddie Stanley


SAWYER Roger "Roddie"

North Abaco Constituency Polling Division 1
The Grand Cay District


NAMES OF CANDIDATES SYMBOLS


COOPER B. Sheila _9


COOPER Wendell S


CURRY Roosevelt


HIELD Allison


JOHNSON Theresa


ROLLE Alphonso a ____


ROLLE Doralyn


RUSSELL George


RUSSELL L. Kennedy -_

North Eleuthera Constituency Polling Division 1, 2 &3
The Harbour Island District
NAMES OF CANDIDATES SYMBOLS


ALBURY Nora Patrica


BARRY__ Antoine


BARRY Patrick


CLEARED Lynn Marie


HIGGS Troy J.


JOHNSON Darrell J.


JOHNSON J.D. Eardley

JOHNSON .Sherol Marie


_J.iSoN Tremane

PERCENTTF Chanella Schedrena


PERCENTIE Jackswell Charles


ROBERTS Daschiel Albert

ROLLE John Jonathan


MICAL Constituency Polling Divisions 11 & 12
The Inagua District

NAMES OF CANDIDATES S)


CLARE Allan Clyde


FAWKES Jennifer


FERGUSON Joicelin Vienna


INGRAHAM Colin Roderick

INGRAHAM Richard Alexander


*



4









.J..











E+l







SYMBOLS




*^






Q


- I


-r=








THE TRIBUNE
I


MICAL Constituency Polling Divisions 11
The Inagua District

NAMES OF CANDIDATES

JOLLY Freeman M. Sr.

MCINTOSH Muriel A.

MORLEY Charles

ROKER Helen .Rosemary

ROKER Ronald Lee

SEYMOUR Clayvone Lloyd

SEYMOUR Randol Sr.

TURNQUEST Leon A.


& 12


SYMBOLS

4



- --


South Andros Constituency Polling Division 7 & 8
Lisbon Creek, Victoria Point, Blue Hole, Orange Hill, Grants, Peats,
Dorsette, Swains, Pinders, Burnt Rock & Little Harbour
In the Mangrove Cay District


NAMES OF CANDIDATES


BAIN Henry Churten

BOWLEG Andy Anthony

BOWLEG Sidney

BULLARD Garnett

Bullard Wayne Harris

GRAY-BRAYNEN Lenora Jane


GREEN George

GREENE Glen

JOLLY Jeffrey

KING Patrick

KING Rochelle Danica


MCKENZIE Rosemarie "Rose"

MOXEY Brian Calton

MOXEY Judy

MOXEY Ralph

PENNERMAN David

SAUNDERS Donald A.


SAUINDERS Lvnward

STUBBS Dwayne Wilfred

STUBBS Vernice Laverne


MICAL Constituency Polling Division
Abraham's Bay
In the Mayaguana District

NAMES OF CANDIDATES


BROOKS Deborah

BROWN Cleveland

CHARLTON Audrey Laverne

JOSEPH Leroy_


MOSS Shandika Shanelle

MICAL Constituency Polling Division 10A
Pirates Well
In the Mayaguana District
NAMES OF CANDIDATES



BROWN Earnel Alexander

-CHARLTON Eduardo

EDWARDS Leon

WILLIAMSON Huel A.


SYMBOLS











Q

4





<^e




k_





*
OR)














Ell


n9


SYMBOLS


*












SYMBOLS


4





MONDAY, JUNE 23, 2008, PAGE 11
,I I


South Abaco Constituency Polling Div
The Bight and Hard Bargin
The Moore's Island District

NAMES OF CANDIDATES


'ision 12


SYMBOLS






lVV





E.-?
V ...


DAMES Tommy

KNOWLES Patricia Rebecca

LAING Lillian

STUART Cecil

STUART Edward

STUART Sherman D.

WILLIAMS Anthony


North Eleuthera Constituency Polling Division 9
The Bluff
In the North Eleuthera District


NAMES OF CANDIDATES SYMBOLS




HUDSON Rosetta Elizabeth -

JOSEPH Hodnee

.LEADON Livingston Leroy

MCDONALD Daron R. "---

NEILY Anthony'Maxwell --



North Eleuthera Constituency Polling Division 10
Lower Bogue
The North Eleuthera District


NAMES OF CANDIDATES SYMBOLS




BUILLARD Wendell Mark' -.

JOHNSON Desmond Charles


JOHNSON Dominic Troy

MCDONALD Mekal David ___--

WOODSIDE Bettyann


.Cat Island, Rum Cay & San Salvador Constituency
Polling Division 9
The Rum Cay District


NAMES OF CANDIDATES


BAIN Trevellyn

CASH Jerome

DORSETTE Errol b.


FRANKS Rochelle Loretta

JOHNSON-HARDING Synovia

KNOWLES- Kirkland

STRACHAN Jefferson

STRACHAN Shirley E.


Cat Island, Rum Cay & San Salvador Constitu
Polling Division 11
United Estates to Polly Hill
In the San Salvador District

NAMES OF CANDIDATES

HALL Eric Alexander

MAJOR Ishmael Terrance

STORR Patterson

STORR Rennard David


SYMBOLS

























ency



SYMBOLS








Cat Island, Rum Cay & San Salvador Constitu ency
Polling Division 10
Cockburn to Hall's Landing
In the San Salvador District


NAMES OF CANDIDATES


FERGUSON Kate Gelera Maria

FERNANDER Clifford E.

GAYJames Audley -

JONES Marlon Whitney

POITIER Alton E.

POITIER-JONES Nicola Brenelle

RUSSELL Helen

STORR Peterson

STRIACHAN- Brendalee Susan

WALKER Chelera Annyse

WARD David William


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North Elcuthera Constituency
Polling Divisions 4, 5 & 6
The Spanish Wells District


NAMES OF CANDIDATES

ALJU3RY-- Dean

ALBURY Windfield

F ETIIEL William Lonnie

PINDER Abner

PINDER George Gilbert "Gill"

PINDER Harold Roy

PINDER Jack Sidney

PINDER Teresa Lynn

ROBERTS Robert John

SANDS Shawn Chester

SWEETING Clay Glenford

SWEETING Shenandoah David

UNDERWOOD Kaven Marcel


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