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Permanent Link: http://ufdc.ufl.edu/UF00084249/01059
 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 25, 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: UF00084249:01059

Full Text



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CHIPS AOY ml.,.' Lt.
HIGH 90F
LOW 77F
'' SUNNY, A
T-STORM


The.


BAHAMi


Volume: 104 No.178


WEDNESDAY, JUNE 25, 2008


PRICE 750


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Sxrasoso ike

high ilpice

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Pave' avis


'ma Pun fop depu


Source says MP will

enter the PLP race when

Cynthia Pratt steps down


* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
PLP MP Philip 'Brave' Davis
is likely to enter the 'deputy
leadership race of his party, a
source close to him confirmed
to The Tribune yesterday.
. The source, who did not wish
to be named, explained yester-
day that Mr Davis, who is the
MP for Cat Island, San Salvador
and Rum Cay, will only enter
the ra"e when Cynthia Pratt
steps .down from the post.
"He will not challenge her,"
said the source, who empha-
sized that Mr Davis would be
an independent candidate and
not a proxy for anyone in the
PLP.
When contacted yesterday
and asked if he intends to run
for the deputy leadership of the
PLP, Mr.Davis said:
"At the moment the party
has a deputy leader who has my
confidence and support and
will continue to have the same.
Any consideration for the post
will.be given if or when it
becomes vacant."
SEE page eight


* By PAUL G
TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
TWO police officers have
filed an official complaint with
the Complaints and Corrup-
tion Unit after their lives were
threatened by other'officers
outside a magistrate's court
on Bank Lane.
Speaking with The Tribune
yesterday, officers Tarquin
SEE page eight


w .4,, .'

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Away By Au'mcane

Or you can rest easy knowing
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way the wind blows.

Nobody does it better.

INSURANCE MANAGEMENT
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near in Marco City
Election Court case
U By BRENT DEAN
Tribune Staff. Reporter
bdean@tribunemedia.fet
THE four-month-old Marco
City Election Court case is near-
ing final submissions, as Zhivar-
go Laing only has three wit-
nesses left to call.
Senior Justice Anita Allen
and Justice Jon Isaacs, however,
will have to rule on a request
by Philip Davis, Pleasant
Bridgewater's attorney, to call
three more witnesses to the
stand although he has already
closed his client's case.
The dispute over whether or
not Mr Davis should be allowed
to do this consumed the final
20 minutes of the brief session
yesterday as Fred Smith, Mr
Laing's attorney, opposed this
SEE page eight


* By NATARIO
McKENZIE
A 21-YEAR-OLD
Carmichael Road man
charged in the weekend
murder of 50-year-old
Charles Robinson was
arraigned in Magistrate's
Court yesterday afternoon.
Robinson, who worked as
a chef, was found stabbed to
death early Saturday morn-
ing at his home on the cor-
ner of Market Street and
Bahama Avenue. According
to reports, the victim's 82-
year-old mother with whom
he was living, made the
gruesome discovery. Robin-
son had reportedly just
returned home from work
when he was murdered.
Police said that a window to
the victim's bedroom
appeared to have been
forced and that there were
signs of a struggle. Robin-
son is the country's thirty-
third murder victim for the
year.
Deangelo Christopher
SEE page eight


Search for


a second

suspect in



connection


with murder


POLICE have released a sec-
ond composite picture of anoth-
er suspect wanted for question-
ing in connection with the mur-
der of Marvin Wilson.
The man was seen visiting Mr
Wilson at his apartment in
Rusty Bethel A\enue, off
Collins Avenue in Nassau, on
the evening before he was bru-
tally stabbed to death.
, Superintendent Glenn Miller,
leading the murder investiga-
tion, said: "We are really sus-
picious about him. We feel that
he might know the suspect or
SEE page eight


Police receive tip based on
sketch released on Monday
* By ALISON LOWE *
Tribune Staff Reporter
alowe@tribunemedia.net
POLICE yesterday received a tip from someone who suggested
they might know Marvin Wilson's killer, based on the sketch released
by officers on Monday.
Chief Supt Glenn Miller of the Central Detective Unit said the
name given was new to police. He said they would follow up on the
information.
The tipster suggested the person they had in mind looked a lot like
the face shown in the widely-publicised sketch released by police, but
they did not make any further claims linking the individual in ques-
SEE page eight
Eim `-,It 4fE.J is J


Fire claims four homes in Haitian community


FAMILIES living in a Haitian
community off Carmichael Road
were lucky to escape unscathed
yesterday when a fire claimed
four of their homes.


Fire services rushed to the
scene yesterday morning after
reports of a fire in a Haitian com-
SEE page eight


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Tribune


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


IAS EDITION


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Discovery Cruise Lines

announces price increases


* By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net
FREEPORT Discovery
Cruise Lines has announced
price increases in response to
the rising fuel cost worldwide.
The cruise line issued a
statement following wide-
spread circulation of an e-
mail asking Grand Bahama
residents to boycott the ferry
service because of the recent
price increases.
The cruise line stated that it
"deeply regrets the need to
join airlines and others in the
cruise industry in the imple-
mentation of price increases
as a measured response to the
impact of extraordinary fuel
costs imposed upon the trans-
portation industry, world-
wide."
The company noted that
the increase in charges is to
off-set the spiraling costs that
are beyond the cruise line's


control in a fiercely competi-
tive business environment.
"They will generate addi-
tional revenue but will not
compensate for increased fuel
costs which now exceed
$26,000 daily, escalating food
costs, and other increased
expenses incurred by the
cruise line," read the state-
ment.
Effective immediately:
all passengers will be
allowed to check one bag at
no charge. A fee of $15 will
be charged for a second bag
and $25 for each additional
bag.
the $6 per passenger
charge for the Prop Lounge
has been eliminated. The
lounge will be free for the
comfort and relaxation of
all passengers.
the fare includes three
all-you-can eat meals
bin costs have not
increased
children under the age
of 12 travel free


Conrad Knowles, former

police officer, is laid to rest


THE funeral of Conrad
Knowles, former police officer
and long time public servant
was held yesterday at Christ
Church Cathedral.
. Mr Knowles had been in hos-
pital for three weeks, having
suffered a strike.


He was married to Annette
Knowles, nee Archer, for 62
years and they had four chil-
dren Dr Ronald Knowles, for-
mer minister of health; Joan
Albury, CEO of public relations
firm Counselors Limited; Paul
Knowles and Sonia Forbes.


Mr Knowles had served his
country since the age of 18
when he moved from his home
town of McCann's in Long
Island to join the Royal
Bahamas Police Force in Nas-
sau.
Eventually earning the rank


PRIME MINISTER Hubert
Ingraham speaks at the funeral.
of assistant superintendent, one
of Mr Knowles' most precious
memories of which he spoke
frequently, according to his
daughter, Joan was having
represented the Bahamas at the
coronation of Queen Elizabeth
II in London in 1953.


Skeletal remains found



on beach 'are human'


* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Forensics tests have
revealed that the skeletal remains found
last week at Barbary Beach are those of
an adult human.
Chief Superintendent of Police Basil
Rahming reported that although it has
been confirmed that the bones are
human, no medical determination was
made in terms of identity.
The remains were discovered last Sun-
day (June 15) in the pine forest at Bar-
bary Beach by a man who had been hunt-


ing for raccoons.
The man contacted police, who
retrieved the bones.
At the time, Supt Rahming indicated
that the bones had been in the location
for a long period of time.
There had been speculation that the
bones could be those of missing 12-year-
old Jake Grant, who disappeared on May
9, 2003.
He was the first of five schoolboys,
between 11 and 14 years old, who went
missing sometime between May and Sep-'
tember 2003.
The iemnains of four boys have finally
been released by the Attorney General's


Office to their families for burial in
Freeport. However, the remains of Jake
Grant have still not been found.
Families of Justice founder Rev Glen-
roy Bethel, a spokesman for the mothers
--of the five missing boys, said that he
hoped the remains would turn out to be
those of Jake Grant, so that the boy's
family could achieve some closure.
In the meantime, Supt Rahming said
that officers of the Central Detective Unit
(CDU) are continuing their investigation
into the discovery of the remains.
The Police: are asking anyone with
information that can assist with the inves-
tigation to contact CDU at 350-3107 or 8.


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MAIN SECTION
Local News..........................P1,2,3,5,6,7,8,9
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CLASSIFIED SECTION 36 PAGES

USA TODAY MAIN SECTION 12 PAGES

USA TODAY SPORTS SECTION 12 PAGES


U U


PAGE 2, WEDNESDAY, JUNE 25, 2008


THE TRIBUNE










THETRIBUNEWEDNESDAYJUNE25,2008,PAGELOCALNEW3


0 In brief

US man is

charged with

trafficking

S50,000

of cocaine
AN AMERICAN man
has been charged with traf-
ficking $50,000 of cocaine
which was allegedly found
wrapped in a plastic City
Market shopping bag bob-
bing in the wake of a boat.
Timothy Edward Daw-
son, who told police he
travelled to the Bahamas
to work and fish, denied
owning the drugs, accord-
ing to the Florida Sun-Sen-.
tinel newspaper.
The cocaine was collect-
ed from the water near the
St Lucie inlet by a US
Coast Guard officer short-
ly after he saw a man lean
over the side of a boat.
It weighed two kilograms
and was packaged in vacu-
um-sealed plastic inside
the shopping bag, which
was stuffed inside an
unzipped shaving bag, the
report said.
Dawson remains in the
Martin County Jail in lieu
of $200,000 bail.
* CORRECTION
ON PAGE 12B of The Tri-
bune's June 23 edition, an ad
appeared which identified Leah
Davis as advertising director of
Solomon's Supercentre. Ms
Davis no longer holds that posi-
tion. She is now the director of
community relations at Baha
Mar Resorts Ltd.
The Tribune apologises for
any inconvenience this may
have caused.

HAITI: Court

drops all charges
against activist

priest Gerard
Jean-Juste
U PORT-AU-PRINCE,'
Haiti

A POLITICALLY
influential Roman
Catholic priest has been
cleared of criminal
weapons charges in Haiti,
freeing him to seek elec-
tive office, his lawyer said
Monday, according to
Associated Press.
Haiti's highest court
dropped charges that the
Rev. Gerard Jean-Juste
conspired to illegally
import weapons, citing a
lack of evidence, accord-
ing to Mario Joseph, a
lawyer for the ally of
ousted former President
Jean-Bertrand Aristide.
Jean-Juste "is free to
exercise all his rights and
his political rights,"
Joseph said. "He can
vote, run for office and
do whatever else he
wants."
The charges were
dropped June 9, but no
public announcement was
made by the court. Court
officials confirmed the
.decision to the newspaper
Le Nouvelliste.
Jean-Juste, in his 60s
and suffering from
leukemia, was cleared
last year of homicide
charges related to the
2005 killing of Haitian
journalist and poet
Jacques Roche.
The interim govern-
ment that followed Aris-
tide's ouster jailed Jean-
Juste on suspicion of
involvement in that
killing. He was released
in January 2006 to be
treated in Miami for his
cancer and pneumonia.
Jean-Juste has
remained active in Hait-


ian politics despite the
charges against him. In
April, on the day protests
over high food prices
spread to the capital, he
led thousands in a rally
for Aristide's return at an
amphitheater in the
oceanside slum of Cite
Soleil.


against disbar decision


A NASSAU lawyer has lost his
appeal against a Bar Council decision
to disbar him from practice in the
Bahamas.
Hendrith Smith was said in a Court of
Appeal judgment to have sworn a false
affidavit when applying to work as an
attorney in the Bahamas.
This followed a case in the United
States when he was disbarred on being
found guilty of misappropriating a third
party's funds, which he received from a
client in settlement of a personal injury
complaint.
In the Bahamas, a Bar Council tri-
bunal concluded that he knowingly
made a false statement by failing to dis-
close the American disqualification
when applying to practise here.
In its judgment, the Appeal Court
judges said they found no reason to fault
the tribunal's findings, and did not find
disbarment excessive.
Smith's appeal was dismissed. He was
ordered to pay the Bar Council's costs.


Appeal Court backs


tribunal's findings


In its judgment, the appeal court said
Smith knew of the charge of miscon-
duct against him in the District of
Columbia, and that a guilty verdict
could lead to disbarment from practice
there.
"It does not appear accidental that in
the interim while the board considered
its decision the appellant sought admis-
sion to practise as counsel and attorney
in The Bahamas," the judgment adds.
He was found guilty in the American
case before swearing an affidavit in sup-
port of his Bahamas application, it said.
"With those facts, the tribunal was
entitled to conclude that at the time


when the appellant swore his affidavit to
the effect that he had not done any act
or been guilty of any omission which
would render him liable to be suspend-
ed or disqualified, he knew that that
statement was false in a material par-
ticular," it adds.
The judgment notes that Smith's
attorney, Raynard Rigby, argued that
at the time of the application, his client
was not required or obliged to disclose
that disciplinary proceedings were pend-
ing against him.
He submitted that, as the board had
not found .Smith guilty of the alleged
misconduct at the time of the affidavit,


Grand Bahama gripped by


local govt election fever


THE compensation package
offered to former BTC president and
CEO Leon Williams and the manner
in which he was terminated are both
"entirely proper", according to
BTC's chairman of the board Julian
Francis.
Speaking as a guest on the GEMS
radio talk show "The Way Forward"
yesterday morning, Mr Francis said
that the compensation that has been
offered to Mr Williams "conforms
to the practices in the Bahamas for
persons of his level and for the kind
of responsibility he held."
Two months ago, Mr Williams'
attorney, Wayne Munroe, told the
press that his client would sue the
government if the board of BTC
does not yield from its stance to ter-
minate the former president and
CEO in the manner it has.
"I can tell you it is unacceptable
because I would in no way offer any-
body what was offered to Mr
Williams as reasonable compensa--
tion for 40 years of service. Whether
or not the matter is going to be able
to be resolved without the need for
litigation is a question that will arise
with regard the position BTC takes,"
Mr Munroe said.
Mr Francis said of the idea that
Mr Williams should be offered a
compensation package similar to
American corporation heads: "I
reject that completely. I think that
many people around the world
believe that the US has been crimi-
nally excessive in that regard," he
said.
Mr Francis, a former governor of
the Central Bank of the Bahamas,
added that even European corpora-
tions pay much more modest com-
pensation packages than the US.


' : j' .... ... " "

4IN LOVING




I .:
! I






Olivia Virg
Born: Novel
Died: Jun

Did you wont
Trod the Valle
Oh! But Jesus
Every dark ar

S Then you m
So sorely, For I Ic
Try to look beyor
Pray to trust c


The BTC chairman further
emphasised that "every possible con-
sideration" was taken to ensure that
Mr Williams was treated "decently
and properly."
"I can assure the Bahamian public
that the standards in the Bahamas
have been respected. Mr Williams,
from our point of view, has been
treated entirely properly," he said.
"I do not understand why people
would be inclined to think that there
would be any mistreatment of people
by the board of directors at BTC. I
hope people know me well enough
to know that I try do things properly.
In my whole public life I don't think
there have been many instances
where I would be accused of having
trampled on the rights of people arid
disregarded people's human civil and
legal rights, and this is no exception."
In an earlier press conference, Mr
Williams said that he left his office for
a week's vacation and within hours of
his departure, his name was removed
from the company's e-mail and
access systems, his personal admin-
istrative assistant was sent on two
weeks vacation with pay, and the
locks were changed on his office
door.
However, Mr Francis yesterday
said that Mr Williams "fully under-
stood what was happening" in terms
of his termination.
The BTC chairman said he had a
number of conversations with Mr
Williams leading up to his physical
departure from BTC.
Mr Francis added that as the mat-
ter has not yet been fully conclud-
ed, he has to withhold any further
comment.
In the fullness of time, he said, all
the details will come out.


n
1





I


MEMORY OF ,












ia Williams
nber 15, 1950
ie 25, 2005

ter I so calmly,
y of the Shade?
Love Illumined I
d fearful glade

sust not arieve


gve you dearly still,
\d earth's shadows,
ur Father's will


Sadly missed by her mother
Virginia Moncur, her children Renee
& Felipe Major, her brother, sisters
and a host of
relatives and friends


May She Rest


in Peace

..^.^LA


I


S .By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Local govern-
ment election fever is in the air
and candidates are in campaign
mode hitting the streets, erect-
ing billboards and visiting con-
stituents who are scheduled to
cast their votes on Thursday,
June 26. '
More than 90 candidates are
vying for council seats in 32 dis-
tricts throughout Grand Bahama.
Campaigns are costly and in
an effort to reach voters, some
candidates have teamed up with
each other to share the cost of
radio advertisements, billboards
signs, flyers, and t-shirts.
The Tribune spoke with can-
didate Joan Newton-Russell who
was out this week visiting and
meeting with constituents in the,
Marco City area.
Ms Newton, who is running
with newcomer Felix Bowe Jr, is
seeking re-election to the City
of Freeport Council as one of
two representatives for Marco
City.
"We are going to have an
aggressive programme in Marco
City so we can educate our peo-
ple as to what local government
is, what, it has done, and how res-
idents can utilise local govern-
ment, she said.
Mrs Russell says that if she is
re-elected she will organise activ-
ities for high schools, such as sci-
ence competitions and agricul-
tural programmes. She also said
that she plans to have softball
jamborees with bouncy castles
and other activities for primary
school students.
She plans to meet with com-
munity principals in Marco City
for ideas and suggestions about
how best to help young people.
Mrs Russell also wants a
seafood marketplace established
at Fishing Hole Road for the sale
of fish, conch, lobster, crab and
agricultural products. She also
wants to have a stone oven built
there for baking a variety of
breads.
According to the veteran busi-
nesswoman, she enjoys serving
people and has a passsion for
community service.
She has served in civic organ-
isations such as the Red Cross
and the FNM GB Women's


Branch. She has served for the
past three years as a local gov-
ernment councillor with respon-
sibility for city works.
"For three years I sat on the
board and we didn't do things
that I deemed more important. I
am only one person, but we were
not all utilised," she claims.
i


he was not obliged to disclose the pro-
ceedings.
Smith's name was removed from the
roll of counsel and attorneys in May,
2005. He on the staff at the time of Hig-
gs and Johnson law chambers.
Philip Dunkley, a senior partner in
the firm, was. the only witness to give
evidence against Smith at the tribunal,
says the judgment. He cited documen-
tary evidence from District of Columbia
authorities.
Smith gave evidence confirming the
facts as stated by Mr Dunkley, but
denied that the content of his affidavit
was false.
"He said that he believed the content
of his affidavit to be true based on the
fact that the attorney who represented
him in the proceedings in the District
of Columbia informed him that the mis-
conduct allege ~againVt inm tHe pro-
ceedings'-in tl Dis{ridt'iiolilmbia
would carry a sentence of reprimand at
most."


Established in 1956 by an old Bahamian family
Parliament Street (near Bay St.) Tel: 322-8393 or 328-7157
Fax: 326-9953
Crystal Court at Atlantis, Paradise Island Tel: 363-4161/2
n Lyford Cay (Harbour Green Shops at Lyford Cay)

e-mail: info@colesofnassau.com
www.colesofnassau.com P.O. Box N-121







11 .q -'


Lawyer loses appeal


a., T--'3


he' 4L!-.,--' -,'-- ,* L --fv '


WEDNESDAY, JUNE 25, 2008, PAGE 3


THE TRIBUNE


':"*;,-*


IL.









PAGE 4, WEDNESAY, JUNE 25, 208 THE TRIBUN


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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department (242) 502-2387
'Nassau Fax: (24 ) 328-2398
Freeport, Grand Bahama. 1-(242)-352-6608
Freeport fax: (242) 352-9348


A new start to Bahamian farming


TODAY government is trying to avoid past
mistakes mistakes loudly complained of in
the late eighties early nineties, especially by
North Andros farmers with large tracts of pro-
ducing land, but no markets.
Inefficient packing houses, which had put
quotas on the amount of produce that govern-
ment would purchase from farmers, failure to
pay on time whatever was eventually purchased,
and complete indifference as to whether the
produce once unloaded at Potters Cay dock
ever got to market, kept farmers in constant
agitation.
The Tribune has many photographs of moun-
tain-size piles of fruit and vegetables, especial-
ly tomatoes, rotting at dockside at Potters Cay.
There are also photographs of trucks carting
off to the dump the products of the hard labour
of many a Family Island farmer.
In 1989 it was estimated that 25 per cent of
the produce purchased by government rotted at
Potters Cay. Not only were farmers angry, but
they were discouraged.
"They are limiting the amount of goods that
the farmers could produce, and the limit they
are putting on the farmers, one farmer could
produce that amount," complained one Andros
farmer in 1991.
"After you pay for irrigation, fertilizer and'
labour, it is not worth the effort. It has reached
the stage riow that-some farmers cannot'see
.their'way other said,. ..........
Mr Edison Key, himself a farmer, now exec-
utive chairman of Bahamas Agricultural and
Industrial Corporation, (BAIC), is determined,
as far as is possible, to cut out the inefficient
middleman the packing houses. He plans to
bring farmer and wholesaler together.
Recently he took representatives of Lucayan
Tropical Farms to North Andros. They liked
what they saw. They were satisfied that they
could do business. Tropical Farms' manager
saw opportunities to sell the Andros produce to
the Nassau market. "I think the Nassau market
would be happy to have more locally grown
products," he told Mr Key.
The door has been opened, introductions
have been made. It is now up to the wholesaler
and farmer to do business.
Mr Key hopes there will be more canning
factories to turn fruits and vegetables into juices,
hot sauces and preserves. '
During the Second World War the JS John-
son canning factory, working through Sir Eti-
enne Dupuch's War Materials Committee, pro-
duced much canned food from the Bahamas
for the children of England.
This continued after the war. We remember
while at school in England just after the war


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when our school received a supply of honey
from the Johnson factory. We were the only
student at the school who had seen canned hon-
ey many of the students had never even tast-
ed honey.
To students rationed to a quarter of a pound
of sweets a month, this was a never to be for-
gotten treat.
Another complaint of Andros farmers was
that Government had given extensive acres of
land to a foreign group land already pre-
pared for planting, while local farmers had
received forest land that would take $10,000 to
$15,000 to prepare just one acre. Today gov-
ernment is preparing the land, dividing it into
lots ready to be leased and farmed. However,
there will be. strict rules attached. A farmer
who does not farm, or does not make efficient
use of the land, will lose it.
Another complaint was that a foreign firm
was allowed to import its equipment duty free.
.Not so Bahamian farmers. All that will be
changed by July 1.
From that date farmers can import whatever
implements needed to till their land, and build
their homes.
Another age-old complaint has been elimi-
nated to encourage farmers to return to. the
soil.
And as for labour. If farming is developed on
the scale envisioned by Mr Key, there will not
-be enough Bahamian hands to harvest the
fields.
Today we have many undocumented
H, ians, some of them still hiding in the bush.
When they are caught government pays large
sums to have them flown back to Haiti.
Why not start a Project, similar to the one
operated between the Bahamas and the US
during the last war? Invite these Haitians from
hiding, check their backgrounds to make certain
that some of Haiti's undesirables are not among
them, and put them to work.
Bahamian farmers should be allowed to have
whatever quota they need to turn the soil, and
pick the fruit and vegetables for market.
Of course, the future of these Haitians will
have to be seriously considered. Should they
be returned home after their contracts, or
should they be assimilated into the communi-
ties? .
This is once Bahamians will have to decide.
If the Haitians remain, they cannot be con-
demned to perpetual servitude.
Their children will be Bahamian and in future
wi'" 'e as Bahamian as today's genuine Bahami-
ans who, if they were to check their antecedents,
would discover that their own roots started in
Haiti.


The intention of



'Haitian Flag Day




Celebration In



The Bahamas'


EDITOR, The Tribune.
THE following letter is not
intended to disrespect, distort,
respond or else overrule any
person's viewpoints to the
newspapers, radio talk shows,
internet forum websites or
other forms of media con-
cerning the 'Haitian Flag Day
Celebration in the Bahamas.'
Firstly, I would like to apol-
ogise for the misunderstanding
of the intention of the past
event in this community
knowing the sensitivity of the
Haitian situation in the
Bahamas among its citizens.
.Nonetheless, the Haitian Flag
Day Celebration event took
place on May 17th, beginning
at R M Bailey high school
field with a motorcade parade
and ending at COB campus
to officially start.
The actual date of Haitian
Flag Day is May 18th, which
fell on a Sunday, whereas the
event took place on May 17th,
which fell .on Saturday.
Prior to this event and its
date many attempts were
made in promotions and pro-
grammes such as radio inter-
actions, press conference, fly-
ers and a. film documentary
showcase on the 'Hidden
Treasures of Haiti;' where the
public was invited at large to
share in and of its knowledge
of Haiti.
All of which was done to
pacify, prepare and publicly
invite the various government
officials to attend the event.
The theme of the event was
'A Cultural Connection
Through, Love, Peace and


Unity' between the Haitians
and the Bahamian citizens in
the Bahamas. In no way was it
an attempt for Haitians to
takeover or else overtake the
Bahamas; which many in the
public claim at times that they
want to do.
I can assure you that they
have no interest or any inten-
tional ideas to overtake any
country where they may reside
outside of Haiti due to its con-
tinuous struggle and current
conditions.
Unfortunately, most of the
advertisements and commu-
nity announcements promot-
ing the peaceful attempt of
this event did not reach the
various masses in time before
the scheduled date of the
event.
Within this loss of being
media friendly as much as pos-
sible, much is being said to
discredit the exhibiting of the
'Haitian Flag Day Celebration
in the Bahamas.'
At the event much was
available for the public to
learn and be entertained.
It was an event which high-
lighted the cultural expression
of Haiti to the Bahamian pub-
lic and at the same time pro-
viding information about the
Bahamas to the Haitian com-
munity in regards to what the
Bahamian public expects of
them as 'foreigners' to make
the Bahamas the greatest little
country in the world.


To accomplish this status a
country must also understand
and know of the residing per-
sons in its land and make sure
that the 'foreigners' know of
what is expected of them
while residing in the country.
I firmly believe that the
Bahamas is the last leg in the
Caribbean as it is in any relay
race and it must acquire great-
ness through its people first
for the sake of its nationhood
and all residing 'foreigners'
should abide by the protocols
that are necessary to accom-
plish this effort.
Today, we live in an unfor-
giving world; nevertheless
again I sincerely apologise for
any offence taken by the nec-
essary parties that did and will
be expressing their viewpoints
about the 'Haitian Flag Day
Celebration in the Bahamas.'
Due to the fact that sufficient
awareness of the intention of
the event did not reach your-
selves before the scheduled
date and time of the event
which made a public invita-
tion to the Bahamas and its
citizens to experience and
share the knowledge of the
celebrated event.
The humble views
expressed in this letter are not
of any association, organisa-
tion or else sponsors and sup-
porters of the event, but rather
solely of the writer of the let-
ter.

MARK DESMANGLES
Nassau,
June, 2008


Where is our national pride?


EDITOR, The Tribune.

I HAVE been reading a fair
amount in the newspapers of
late about "national pride".
We cannot hire foreign teach-
ers, or bring in foreign police
as we did in the old days a
matter of national pride!
Today we are a national dis-
grace!
Where is the national pride
when our educational figures
are such a disgrace?
Where is our national pride


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when crime is at an all time
high?
Where is our national pride
when the people in "charge"
of our governments and
churches give our youth such
bad examples of morality and
'honesty?
Where is our national pride
when the police force is so
inept because of lack of edu-
cation and direction?
Where is our national pride
when one drives or walks
around any of the public areas
or government buildings and
sees the filth and neglect?
When will our people feel
pride in maintaining our nat-
ural beauty?
Where is our national pride
when society accepts as nor-
mal the "teefing" that goes on
in businesses on a daily basis?
The lawyers do not moni-
tor the honesty of their own
profession, and indeed some
scream when our "drug lords"
are taken to the US to face
charges that should have been


levelled here.
Where is the outcry when
the IMF says: "The Bahamas
is a country under the rule of
law where there is no justice"?
When people have crimes
committed against them, there
seems to be, indeed, no jus-
tice unless a small smatter-
ing of people raises an outcry!
Even then who knows?
There is a lack of morality
and an increase in crime in
many places in the world, but
that does not excuse us here.
We are a very small country
that should be able to deal
with our problems.
This is a small island! Where
is our fury when all the good
things we used to be, are dis-
appearing and no one cares?
National Pride? Shame on


GK
Nassau,
May 16, 2008.


SLEROY & DEANDRA

STUART
aOon their 14th Anniversary

* ^ .also.. ''... . in "',I.to Leroy :,
From: Janet Burnside. ,
n Edward & Onya Butler, Rex Burnside and
relates and friends ..
AP ..


PAGE 4, WEDNESDAY, JUNE 25, 2008


THE TRIBUNE








THE RIBNE WDNEDAY JUN 25 200, PGEI
LOA NW


0 In brief

No suspects
in connection
with robbery
at McDonald's|
POLICE have no sus-
pects in connection with
the early morning armed
robbery of the McDonald's
in Palmdale, Chief Superin-
tendent Glenn Miller said
yesterday.
The fast food restaurant
was robbed at around
5.30am on Monday morn-
ing by a masked man.
No one was injured dur-
ing the incident, which
occurred just as staff were
preparing to open the
store, although the gunman
did fire a shot which shat-
tered the glass in the
restaurant's front door.
He was able to steal an
unspecified amount of cash
from the business's safe.
Police investigations are
continuing.

HAITI: Officials|

dedicate new

US embassy

compound

* PORT-AU-PRINCE,
Haiti
U.S. OFFICIALS are
celebrating the official
opening of a US$75
million embassy com-
pound in the Haitian
capital, according to
Associated Press.
Behind imposing
walls and set back. from
the street on a former
sugarcane field near the
Port-au-Prince airport,
the 10-acre (4-hectare)
compound features an
atrium, space for more
than 1;000 workers and
a swimming poo ,
U.S. Ambassador
Janet Sanderson and
other officials dedicat-
ed the facility Monday
in a ceremony with
ousted Haitian Prime
Minister Jacques
Eduoard Alexis and
Cabinet members, who
were fired by Parlia-
ment after food riots
but have not yet been
replaced.
Haiti has been with-
out a prime minister
or Cabinet since April
12.

Antigua and

US st another
deadline to achieved
settlement in
gambling dispute
* ST. JOHN'S, Antigua
THIS Caribbean
nation's top finance offi-
cial says another deadline
has been set with Wash-
ington to resolve a feud
over Internet gambling
after recent talks have fiz-
zled, according to Associ-
ated Press.
Antigua accuses the
U.S. of crippling its gam-
bling industry by banning
Americans from placing
online bets with gambling
operators, including those
in the twin-island coun-
try.
Twice this month,
World Trade Organiza-
tion deadlines passed
without resolution.
The WTO last year
backed Antigua's request
to target U.S. services,
copyrights and trade-
marks in retaliation for a
U.S. online betting ban -


but ruled it could impose
only $21 million in annual
sanctions.
On Monday, Finance
Minister Errol Cort said
both sides were aiming to
achieve resolution by July
11.


TROICAL


Workers claim they have worked


beyond 12-month probation period


Some staff at Dept of Social Services


say they are left without job security


* By REUBEN SHEARER
WORKERS at the Depart-
ment of Social Services' Unem-
ployment Work Assistance Pro-
gramme claim they have been
working beyond the legal 12-
month probation period some
for a number of years but
have heard no word on whether


they will be made permanent.
They say this leaves them
without any job security and
ineligible for pension and retire-
ment benefits.
Sources said morale is at an
all-time low for employees of
the programme, who receive a
$190 salary. They claim they are
unable to lead a decent life on


. BEVERLY BIRD, agency relations co-ordinator of Toronto's Second
Harvest (left), and Alanna Rodgers, founder and project co-ordinator of
A Little Help From My Friends (right), thank the volunteers and atten-
dees of the launching luncheon.


* By CRYSTAL FRASER
A LITTLE Help From My
Friends, a revolutionary food
rescue and distribution pro-
gramme raised more than
$2,500 towards a much needed
refrigerated truck during their
first event last week a launch-
ing luncheon, fashion show and
raffle at Ichiban Restaurant.
The aim of the organisation's
founder and project co-ordina-
tor, Alanna Rodgers, a 21-year-
old Bahamian studying mar-
keting and entrepreneurship at
the University of Miami, is to
inspire social and moral respon-
sibility, as well as environmen-
tal sensitivity, by ensuring that
no Bahamian goes hungry.
The organisation plans to
"rescue" food that would oth-
erwise be wasted. "The inspi-
ration for this programme was
founded on a critical realisa-
tion that an incredible amount
of edible food is thrown away
every single day by hotels,
restaurants grocery stores,
cruise ships, and other local
vendors," explains Ms Rodgers,
who has already begun to dia-
logue with food donors.

Overlooked
Ms Rodgers said she realises
that while the Bahamas does
not have a hunger epidemic,
the very real "hunger problem"
that does exist here is too often
overlooked.
Through the reduction of
hunger among destitute or trou-
bled Bahamians now, Ms
Rodgers feels that crime and
environmental apathy will be
reduced in the long run.
Rescued food will be deliv-
ered to distribution centres
already established in Nassau,
such as the Salvation Army, the
Red Cross, the All Saints Aids
Camp, and various church
organizations. ALHFMF hopes
to one day expand into the
Family Islands.
ALHFMF's most pressing
need is for a refrigerated truck
to safely transport the donated
food, which will often be pre-
pared and perishable.


Without this truck, the organ-
isation cannot begin delivering
food to distribution centres due
to their strict safety policies.
ALHFMF is hoping to raise
between $50,000 and $65,000
towards the purchase of a truck,
and to cover operating costs for
at least a year.
Monday's launching lun-
cheon was organised with help
from the Canadian Women's
Club.
"The reason we are so fired
up about this project is because
it makes sense on so many lev-
els,"' said Ainsley Thompson,
president of the CWC. "How
can you care about the envi-
ronment?
"How can you care about
getting an education, bettering
yourself, or staying away from
crime, when all you can focus
on is where your next meal is
coming from?" '
The luncheon included a
meal at a discount price by
Ichiban, a fashion show spon-
sored by B3ahama Hand Prints
and Island Blue, and a raffle
with prizes donated by Pearle
Vision, Tempo Paris, Cable
Beach Pharmacies, Media
Enterprises Ltd., and Bahama
Hand Prints.
The success of the event was
said to be a promising start for
the young organisation, which
hopes to begin delivering
rescued food by the end of
July.
The ALHMF programme is
primarily modelled after Sec-
ond Harvest in Toronto, Cana-
da, which has been operational
since 1985.
Second Harvest began with
a cooler in the back of a hatch-.
back, but has evolved into a
massive project that now dis-
tributes more than 14,000 meals
a day to hungry Torontonians.
Rodgers hopes that one day
ALHFMF will be able to do
the same in the Bahamas.
Beverly Bird, the agency
relations co-coordinator of Sec-
ond Harvest, as well as several
other SH members were pre-
sent at the luncheon and have
been providing guidance to
ALHFMF.


such low wages, and have no
hope of a secure financial
future.
A current employee who was
assigned as a janitress to the
Soldier Road Senior Citizen's
Home, was employed under the
Work Assistance Programme
from 2001, and claims that she
and other employees have yet
to be informed on whether they
will be kept or made permanent
staff.
The Unemployment Work
Assistance Programme is a wel-
fare programme that does not
offer all the benefits afforded
permanent employees of the
Public Service.
Under the Bahamas' labour
laws, no employer is supposed
to employ a worker on a pro-
bationary basis for more than
one year.
One of the workers com-
plained yesterday that she has
had "enough," and has been
"going along with the pro-
gramme for too long now."
She said: "After I make my
$100 weekly rent payments, and
national insurance is taken out,
I only have $83.54 left; and
when I retire I will only be
dependent on $200 a month for
National Insurance. "I won't
have any pension to look for-
ward to with the national insur-
ance monies. They want to
speak out against child and
spousal abuse, but these hyp-
ocrites abusing their own work-
ers."
Victimization is a concern for
workers, she said which is why
they have not agitated for
change.
The Tribune was unable to
contact director of Social Ser-
vices Mellany Zonicle up to
press time. Both her telephone
numbers were out of order.


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The Bahamas Telecommunications Company, Limited (BTC)


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

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

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

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

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

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

Mr. Kirk Griffin
Executive Vice President
The Bahamas Telecommunications Company Limited
P. 0. Box N-3048
John F. Kennedy Drive
Nassau, Bahamas

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

BTC reserves the right to reject any or all proposals.


I


WEDNESDAY, JUNE 25, 2008, PAGE 5


THE TRIBUNE


82,,500 Paised with a little

'help fpom theip Mends"














Six reasons to like high oil prices


THERE'S good
news and bad
news on the ener-
gy front these
days. The bad news? Prices are
up. The good news? Prices are
up. Analysts are forecasting
$200-a-barrel oil, which could
put a gallon of gas close to $10
for Bahamians.
Goldman Sachs, the New
York investment bank, says a
barrel of oil will "spike" at $200
next year, with prices remaining
above $100 for the medium
term.
The underlying assumption is
that, unlike the oil shocks of the
1970's, today's prices are
demand driven by the huge
emerging economies of China
and India, with supplies threat-
ened by geopolitical instability
in producing countries.
Sceptics say that Goldman
Sachs is part of a speculative
frenzy that is driving prices up,
but the Paris-based Interna-
tional Energy Agency, which
advises 27 rich countries on
energy policy, has a more fun-
damentalist view. Here is what
the IEA's chief economist had
to say this month:
"I expect that for the next
years to come, we will have a
high price trajectory. There may
be zigzags, but I would be very
surprised if prices go down to
the levels we saw three or four
years ago, in the long term."
So what's to like about high
oil prices? Well, here are six of
the best reasons.
1. High prices send a message
to consumers that they should
buy fuel-efficient cars and oth-
erwise conserve energy. Amer-
ican automakers have already
noticed a "permanent and struc-
tural" shift to smaller cars, while
Bahamian dealers are just
beginning to see a trend as oil
prices filter through the econo-
my.
For the first four months of
this year sales of the smallest,
least expensive cars were up 33
per cent in the US, while sales
of all other vehicles were down.
In the Bahamas, both Honda
and Toyota dealers have noted
a greater interest in vehicles
with smaller, more fuel-efficient


"Bahamians with access to a car
are still wary of using the local


jitney system due to
safety and reliability issues, but ....
this could change quickly if the
government and the bus
Operators get together to make


some essential improvements."


engines, even if this has not yet
translated into actual sales.
Over 11,000 new and used
vehicles were sold in the
Bahamas last year, adding to
the crazy congestion on our
roads. Now that the price of a
gallon of gas is approaching $6
in Nassau, we can expect the
trend towards smaller, more
sensible cars to continue.
' 2. The government recently
cut duty rates on hybrid gas-
electric vehicles to 25 per cent.
Unfortunately, this doesn't
mean much because hybrids
aren't available for sale here for
technical reasons, and they are
still likely to cost close to
$40,000 if they do become avail-
able. But it's a psychological
step in the right direction.
And the likelihood is that
the government's energy poli-
cy committee will recommend
further steps to make it easier
for Bahamians to reduce their
transportation carbon footprint
- electric vehicles being one
option. There are a few electric
cars (not golf carts) in produc-
tion now that could be sold it
reasonable prices here if the
duty was eliminated.. These
would be especially useful in
small out island communities
like Hope Town. '
Meanwhile, mainstream


automaker GM will launch the
Chevrolet Volt in 2010 at a
price of under $40,000. It will
have a top speed of 100 mph
and a range of 40 miles in stan-
dard driving conditions, with
overnight charging. The Volt
also has a small gasoline engine
to charge the battery pack and
extend the driving range to 700
miles.
3. In the US, more com-
muters are resorting to public
transportation rather than dri-
ving their cars. Ridership is
higher than it has been in 50
years according to a recent
study, although Americans have
a long way to go to catch up
with European and Japanese
mass transit usage. More impor-
tantly, a big majority of Ameri-
cans now want more investment
in transit systems.
Bahamians with access to a
car are still wary of using the
local jitney system due to safety
and reliability issues, but this
could change quickly if the gov-
ernment and the bus operators
get together to make some
essential improvements.
The much ballyhooed ratio-
nalisation of the jitney system,
which began early in the term of
the previous government, has
led nowhere, and the current
administration has launched a


4
. .


100-day "quality challenge" to
improve bus service in the cap-
ital. The initiative includes spe-
cial training for bus drivers who
will follow an advertised route
schedule.
4. Higher gas prices can also
lead to leaner waistlines. "An
additional dollar in real gaso-
line prices would reduce obesi-
ty in the US by 15 per cent after
three years," suggests Charles
Courtemanche, an economics
researcher at Washington Uni-
versity in St. Louis. "If the price
of gas rises, the cost of driving
also rises, which may affect
body weight in two ways."
"'First, people may substitute
from driving to walking, bicy-
cling, or taking public trans-
portation. Walking and bicy-
cling are forms of exercise,
which increase calories expend-
ed, decreasing weight. Second,
since the opportunity cost of
eating out at restaurants rises
when the price of gas increases,
people may substitute from eat-
ing out to preparing their own
meals at home, which tend to
be healthier."
Similar research found that
European countries with higher
gasoline prices also tend to have
lower rates of obesity. In fact,
we burn more gallons of gaso-
line in our cars each year just


because we weigh more. It will
be interesting to see if this pre-
diction plays out in the
Bahamas, where obesity and
poor eating habits are huge
problems.
5. Less driving also equates
to fewer accidents, and many
US states are reporting big
declines in car crashes. Some
people apparently realise that
the faster and more aggressive-
ly they drive, the more fuel they
will waste.
Again, it remains to be seen
whether Bahamians will
respond to this incentive to
modify their driving habits,
which can only improve the
chaos on our congested roads.
According to a poll for Cred-
itCards.com, less driving is also
discouraging the plague of drop-
in guests. The survey found that
more than half of American dri-
vers are curbing visits to, friends
and family to keep driving costs
down.
Whether Bahamians will cut
back on their aimless roving
around town is another 'matter.
If they do, we could see anoth-
er big improvement in traffic
congestion and.a consequent
reduction in road rage.
. 6. But the realreasqonto .wel-
come higher oil prices is that
they will encourage the world


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THE TRIBUNE


PAGE 6, WEDNESDAY, JUNE 25, 2008


to move away from a polluting
carbon-based economy to one
that is cleaner and more sus-
tainable.
It will take time and a lot of
investment, but the end result is
that renewable technologies will
become much more cost-effec-
tive.
The website Renewable
Energy Online says that the
world's leading investors rec-
ognize that a transition to a
clean energy economy is "the
single biggest economic oppor-
tunity of the 21st century and
possibly the biggest economic
opportunity ever....The politi-
cal and economic landscape is
now perfect for strong, sustain-
able industry growth: The sci-
entific debate over climate
change is over; the price of oil
will probably not fall dramati-
cally, if it falls at all."
Currently, renewables
account for less than 4 per cent
of global power generation.
And the International Energy
Agency recently issued a report
estimating that an investment
of $45 trillion in renewable tech-
nologies and energy efficiency
was needed to cut greenhouse
gas emissions by half over the
next few decades. Why, even
that old fossil BEC is looking
at renewable energy.
Let's face it, when oil prices
spike the world turns green.
And at $200 for a barrel of oil
just about every alternative
technology makes sense, experts
say.
So policymakers should resist
any temptation to lower taxes
on, or subsidise, fossil fuel.
In fact, rather than worrying
about a price ceiling we should
be setting a price floor that
takes account of all the real
environmental costs of burning
oil and coal.
We have to prepare for a fun-
damental shift in the global
economy. So look forward to
many creative suggestions from
the national energy policy com-
mittee.
What do you think? Send
comments to larry@tribuneme-
dia.net
Or visit www.bahamapun-
dit.com pundit.com/>







TH TIBNEV~ZLOCAUM, LNIEWS ~~d rwI/


Greenspan foresees .




growth in tourism


DR ALAN GREENSPAN,
recognized as one of the world's
great economic minds, portrayed
international tourism as a
resilient industry that would fight
off rising oil prices, terrorist
threats and other challenges to
remain a vibrant source of com-
merce.
The description supported the
goals of Caribbean Tourism
Development Company
(CTDC), the marketing and
business development unit
owned equally by the Caribbean
Hotel Association (CHA) and
the Caribbean Tourism Organi-
sation (CTO).
CTDC leaders have encour-
aged Caribbean countries to
embrace tourism as the region's
best chance of development.
The company organised the
first Annual Caribbean Tourism
Summit (ACTS) in Washington,
DC to reach US policy makers
and Americans such as Dr
Greenspan, who has consider-
able influence on US policies.
Dr Greenspan addressed
ACTS through a public inter-
view with Sir Dwight Venner,
governor of the Eastern
Caribbean Central Bank.
A recent analysis of travel
trends brought a surprising rev-
elation to Dr. Greenspan, he
said.
"I was really quite surprised
to find that through the month of
March, which is the latest data
available in the United States,
US residents' air flights into the
Caribbean were, at a seasonal-
ly-adjusted level, higher than any
month with one exception in our
history," he said.
Dr Greenspan pointed out
that this large-scale travel
occurred despite recent events
that would be expected to reduce
travel.
"Since this is a fairly good
proxy for Caribbean-wide
tourism, it struck me as really
surprising, considering the impact
of 9/11, which was of course dev-
astating to the Caribbean as
indeed it was to travel virtually
everywhere by American citi-
zens," he said. "And then, of


course, very recently there has
been the quite extraordinary rise
in jet fuel costs, \ which is causing
very substantial cutbacks in the
number of air flights."
There is no data beyond
March that is presently available
for analysis, Dr Greenspan said.
However, he assumed that there
have been further cutbacks.
which is disturbing to economists
since the long-term trend in fuel
costs is predicted to continue to
rise.
In addition. US airlines gen-
erally use aircraft that are rela-
tively old. This is a threat to trav-
el costs because the aircraft
engines are not fuel efficient, he
said.
Despite the many challenges
to travel and tourism, Dr
Greenspan said he believes
tourism would survive and thrive.
He predicted that rising fuel
prices will be offset by advances


in jet engine engineering, allow- ably will continue to have them,"
ing aircraft to make efficient use Dr Greenspan said. "But more
of fuel. tourists will find their way into
Furthermore, he said, people your area."
will be inclined to travel, despite Dr Greenspan served as chair-
economic crunches. man of the Board of Governors
Tourism, he said, is in a long- of the Federal Reserve -of the
term up-trend. United States from 1987 to 2006,
"My view is that I think you when he relinquished the post to
are having problems now, prob- Ben Bernanke.


BAHAMAS AMBASSADOR to Washington u A Smith, Ur Myles
Munroe and Minister of Tourism and Aviation Neko Grant at the first
Annual Caribbean Summit (ACTS) in Washingtoh, DC.

Worldwide economic slowdown

'should be welcomed by the

Caribbean tourism industry'


WASHINGTON Bahamian
motivator Dr Myles Munroe chal-
lenged Caribbean tourism officials
to use the slumping international
economy to bring innovation and
growth to the region's industry.
Dr Munroe, speaking at the first
Annual Caribbean Summit
(ACTS) in Washington, DC, said
that the worldwide economic slow-
down should be welcomed by the
Caribbean tourism industry.
The challenging environment
can spur traditional Caribbean
vacation destinations on to find
solutions to competing with the
emerging Cuban market and to
build niche tourism segments with-
in their various countries, Dr
Munroe pointed out.
"The more difficult situations
become, that's when true leader-
ship emerges," he said.
"In other words, we are going to
see if the Caribbean really is a
leader in tourism. The darker it
is, the brighter the true leaders
will shine.
"Sometimes we have been
cruising on good times and didn't
have to really use our leadership
ability. But now, -the pressure is
on."
Speaking to ministers and direc-
tors of tourism and other tourism
executives, Dr Munroe said the
Caribbean community will look
to them to find solutions to the
current problems.
Prime ministers will also have a
very difficult time, encountering
much pressure within their respec-
tive countries, he said.
"You cannot survive in.the


Caribbean on old ideas anymore,"
he said.
"As a matter of fact, I always
tell my own people in my own
country, Cuba is about to open.
The Bahamas is successful because
Castro made a bad decision.
"That's all. What are you going
to do when (Cuba) opens. Nothing
is more attractive than the
unknown.
"Cuba is an unknown. Millions
are going to want to go there to
see, including me. So you have got
to find something else to make
you competitive with that mar-
ket."
In the case of the Bahamas, Dr
Munroe said tourism leaders are
seeking to create a special reli-
gious tourism market.
Through meetings with Minister
of Tourism and Aviation Neko
Grant and Director General Ver-
nice Walkine, a formal agreement
with Dr Munroe's Bahamas Faith
Ministries International was estab-
lished.
Dr Munroe said many visitors
are now coming to the Bahamas
for pilgrimage.
Even in difficult economic
times, people still travel for their
faith, he said.
Dr Munroe challenged the
tourism leaders to be visionaries.
He said that former developer
and media mogul Merv Griffin
had a vision for Hog Island.
Mr Griffin, he said, turned an
island known for its garbage dump
into Paradise Island, now one of
the Caribbean's leading tourism
destinations.


Diamonds International sparkles


with Miss Bahamas World event


DIAMONDS Internation-
al is continuing its participa-
tion as platinum partner in this
year's Miss Bahamas World.
The signature award from
Diamond International every
year has been the prize of
$15,000 worth of jewelry,
which is donated to the
pageant's winner.
The winner also receives a
trip to the diamond factory in
New York, as well as a photo
session with Fadil Barisha, a
top fashion photographer of
Hollywood celebrities.

Perception

Toni Gad, island manager
at Diamonds International,
said: "Being community-cen-
tered and driven is what Dia-
monds International is all
about, and as the pageant
coordinators continue to raise
the standard, the perception


of pageantry will change grad-
ually and the corporate sup-
port from all sectors of society
will take a second look and
reconsider their role.
"Over the past two years
there has been a lot more pos-
itive response from the gen-
eral public involving the
pageant and Diamonds Inter-
national's partnership with it.
(Diamonds International)
embraces the idea of assisting
in granting opportunities to
young ladies who wish to be a
part of this personal
development programme that
will eventually provide them
with some many opportuni-
ties".
Michelle Malcolm, presi-
dent of Miss Bahamas World,
said that every year there is a
challenge in securing corpo-
rate assistance to make the
event happen.
However, the immediate
concern is ensuring that the


Bahamian public is pleased
with the production and
events that the Miss Bahamas
Organisation coordinates, she
said.

Appreciative

"Diamonds International
has been with the pageant
from day one and for that the
Miss Bahamas Organisation
is forever appreciative, as the
ladies are always anxious
to see their fabulous prizes
from Diamonds Internation-
al.
"Baha Mar has also been a
signature sponsor; Sandy
Sands and his team at the
Wyndham Resort provides
their property as host hotel
for the pageant, they (contin-
ue) to play an important role
in all of our MBO events and
we are grateful for their
efforts," Ms Malcolm said.


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THE TRIBUNE








PAGE WENESDA, JUE 25,2008THE TIBUN


Policemen file

complaint after

'lives threatened'

by other officer

FROM page one

Kelly PC 2132 and District
Police Constable Jonathan
Hall said they had met with
the Commissioner of Police
Reginald Ferguson and
expressed their fear that their,
lives are now in danger.
Hall is a character witness
for PC Kelly, who is facing a
weapons charge.
While outside the Magis-
trate's Court, Hall said he was
approached by a police inspec-
tor who asked whether he was
the character witness for Kelly.
"He said, you is Kelly wit-
ness? And I said what differ-
ence does that make, and he
said, 'Yea, you's Kelly witness.
If you (explicit) around and
try to (explicit) me in this case,
you won't be on this Earth for
long."
The officer's name and
badge number have been for-
warded to the commissioner,
Mr Hall said.
More alarming, however,
than that an officer could be
threatened by another officer
was the fact that the threat was
made in the presence of a
number of other police offi-
cers at the time, Mr Hall said.
"When he threatened me, I
look to them and said, 'what
are ya'll going to do?' But they
simply walked off," he said.
Mr Kelly said that in the
recent past, his encounters
with fellow officers now has
him to the point where he is
frightened to even sleep in his
own home.
Mr Kelly believes that some
officers were intentionally try-
ing to "frustrate him" into
assaulting them so that he
could be before the courts
once again.
"I even lost my family
because of this. I had a girl-
friend of nine years, a young
son, but she left me. Now I
have another girlfriend and
she's pregnant, and about to
give birth next month. Today
is the second time in two days
she had to go to the hospital
because of what this is doing to
her. What if she loses the baby;
or this kills her? This is hurting
me, man, really hurting me.
These people don't know what
they are putting you through,"'
he said.


Philip 'Brave' Davis


FROM page one

Thus far, West End and Bimini MP Obie
Wilchcombe is the only PLP to announce his
intention to seek the post. He did so in an inter-
view with The Tribune in April.
"When the honourable Cynthia Pratt
announced that she would be seeking re-election
in the next general elections, it was very clear
that she would obviously not be seeking re-elec-
tion as deputy leader of the party. That I think
threw open the door for all of us who wanted to
serve in the highest possible positions in our orga-
nizations," he said.
Although he has not officially announced his
entry into the race, a source close to Frank Smith,
the St Thomas More MP, has also confirmed to
The Tribune that Mr Smith is almost certain to
seek the post. In fact, the source went as far as to
indicate that Mr Smith has serious leadership
ambitions similar to Mr Wilchcombe. I
A showdown between Messrs Davis, Wilch-
combe and Smith for the deputy post, will serve as
a trial run for the PLP's leadership, when, or if,
Opposition Leader Perry Christie steps down as
leader.He hbs Jed the PLP:since 1997.
. .. -_ .' .. :.). :. . .. . .. .


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The PLP had a convention in February and it is
uncertain when another will be held, enabling a
contest for the deputy leadership. Some PLP
insiders have indicated that there is a move with-
in the party to have a convention this year, pos-
sibly in November. However, the lack of money,
.and a desire by some in the party to block a
deputy leadership race, may prevent this, defer-
ring a convention until sometime in 2009.
The future of Dr Bernard Nottage, the former
PLP deputy leader, is still unclear. He has made
no comments on whether he will again seek the
deputy post or if he will save his next, and prob-
ably final shot at high office in the PLP, for the
top job as leader.
Mr Davis, 57, is one of the country's leading
attorneys and has been elected to the House of
Assembly four times.
He was originally elected to the Cat Island seat
in January 1992, according to the record of the
House, after the resignation of PLP MP Irvin
Knowles. He then won the seat which was
renamed the Cat Island, Rum Cay and San' Sal-
vador constituency in the 1992 general elec-
tion, before losing it in 1997 to James Miller. He
again won the seat in both the 2002 and 2007
generakeleptions. w,?'. .
. .. .


FROM page one

Pratt was arraigned before Mag-
istrate Carolita Bethel at Court
8, Bank Lane, shortly after 2 pm
yesterday, charged with Robin-
son's murder. According to
court dockets, Pratt on Satur-
day June 21, caused the death
of Charles Robinson. Fourteen
witnesses are listed on court
dockets.
Pratt, who appeared before
Magistrate Carolita Bethel at
Court 8, Bank Lane, had what
appeared to be a bite mark on
his right arm. He was not
required to plead to the murder
charge. Pratt was not repre-
sented by an attorney at his
arraignment yesterday. Magis-
trate Bethel adjourned the mat-
ter to Court 5, Bank Lane, July
'1 for fixture. Pratt was 'remand-
ed to Her Majesty's Prison on
the murder charge.


Search for second suspect


in connection with murder

FROM page one town Nassau and believed to
have been a homosexual. He
be able to fill us in on some was murdered on the night of
information. June 3.
"We don't know what role he He became the fourth homo-
played, but he is an interesting sexual man to be murdered in
person and we would like to his home after Dr Thaddeus
talk to him." McDonald and Harl Taylor
The wanted man is of medi- were found dead within two
urn brown complexion, aged days of each.other in Novem-
between 18 and 25, around 140 ber, and AIDS activist Welling-
"or 150 lbs, and of medium ton Adderley was found knifed
build, to death on May 26.
A composite picture of Anyone with any information
another suspect, seen running to assist investigations in any of
away from the scene of the mur- the murders is urged to call the
der-bare-chested, injured and police emergency number on
bleeding, was released on Mon- 919 or 911, or call the Central
day. He is believed to be armed Detective Unit on 502-
and dangerous. 9930/9991. Alternatively, you
Mr Wilson, a Jamaican, was a can call Crimestoppers anony-
waiter at Senor Frogs in down- mously on 328-8477.



Ministry of National Security






Office of the Parliamentary Commissioner



PUBLIC NOTICE


INSPECTION OF THE REGISTER OF VOTERS
LOCAL GOVERNMENT ELECTION JUNE 2008

The Public is here by informed that the official
Register for the Local Government Elections has
been published as of Friday 13th June, 2008.



Persons wishing to inspect the register may do
so at the Parliamentary Registration Department,
Nassau and Freeport and at the Administrator's
Offices in the Family Islands.



Parliamentary Commissioner


Election Court

FROM page one
request by the opposing
counsel.
Mr Davis explained that
one of these witnesses, for-
mer ZNS broadcaster Diana
Swann, intends to come from
the Turks and Caicos Islands
- where she currently lives
and works to clear up
issues about her residence in
the run up to the last elec-
tion.
Ms Swann's vote is being
challenged by Mr Laing. She,
Mr Davis explained, is the
one who wants to come to
court to tell her side of the
story, as the testimony of
others about her has already
been put on record and
broadcast. The two other
witnesses to whom Mr Davis
referred, but did not name
in court, are also on Mr
Laing's list.
Mr Smith said that Ms
Swann did not just find out
that her vote was being chal-
lenged. He said Mr Davis
could have called her during
his part of the case.
Mr Davis argued that as a
citizen Ms Swann should be
entitled to give her side,
especially because the court
has the ability to sanction
voters for impropriety.
Justice Allen said yester-
day that the court is not
quite decided on the matter
and will think about it. The
court's decision is expected
on the issue today at 1pm
when the Election Court
resumes.
Along with this debate,
Rhonda Finely testified that
her sister Sheryl Pierre did
live in Grand Bahama until
January 2007 when she
moved into a duplex on Sisal
Road, Golden Gates. Ms
Pierre is being challenged by
Ms Bridgewater.
Philip Franks also testified
yesterday, in addition to
Joanna Russell.

Police receive Up
FROM page one
tion to the killing, said Mr
Miller.
A composite sketch of the
suspected killer of Jamaican
murder victim Marvin Wil-
son was printed in Monday's.
Tribune' after being put
together based on descrip-
tions provided by witnesses
who saw a' 5ft 8in tall dark-
skinned man running on
Collins Avenue and into
McCullough Comer after Mr
Wilson had been brutally
stabbed to death.
The man was bare-chested
and appeared to be bleeding,
witnesses told police. In the
sketch, he is shown to have
two earrings, one in each ear,
and a shaved eyebrow.
Earlier yesterday, when no
response had yet been forth-
coming, Mr Miller said he
was still optimistic that the
sketch would yield results.
"We feel that it will pick
up in due course, as people
become more comfortable
they certainly will come for-
ward with information. There
are some good citizens out
there who will come forward
if they know of the person
who has been described."
He added: "'This is not a
normal situation here. I think
the mere fact that we were
able to produce an image
shows co-operation from the
public because (the
description) came from a
member of the public some
time later and so where
some people might be reluc-
tant to come forward some
people have been coming for-
ward."
Mr Miller said that,
through a combination of the
work being done by detec-
tives and.evidence retrieved
from the scene, he is "cer-
tainly confident that in due
course we will bring some
conclusion to these matters."
Mr Wilson was killed three
weeks ago outside his apart-
ment on Rusty Bethel Drive,
off Collins Avenue.
He has been identified as a
gay man, as have November
2007 murder victims Harl


Taylor and Dr Thaddeus
McDonald, as well as
Wellington Adderley, who
was killed at the end of May
this year.
Similarities between the
circumstances of the murders
have fed speculation that they
were committed by the same
person, although Commis-
sioner of Police Reginald Fer-
guson claims that police are
not linking the first three with
the last one.
The man described in the
composite sketch is believed
to be 19 or 20 years old, of
medium build and weighing
between 130 and 140 pounds.


PAGE 8, WEDNESDAY, JUNE 25, 2008


THE TRIBUNE













. 3.7million to begin





digital TV transition
I~d et'*%''^-----^


MINISTER of Nationar Security Tommy Turnquest at the graduation
and passing-out ceremony of the G Squad 2007.


Police force moves

towards manpower

of 3,000 officers


* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Minister of
National Security Tommy Turn-
quest said that the Royal
Bahamas Police Force is moving
toward achieving a desired man-
power of 3,000 police officers.
He explained that additional
manpower is an important ele-
ment in their strategies to com-
bat the "high level" of crime in
the Bahamas.
Minister Turnquest made
these statements while 'speak-
ing at the graduation and pass-
ing-out ceremony of the G
Squad 2007 at the Police Train-
ing College in Grand Bahama
last week.
He noted that the 28 new
recruits in Freeport bring the
total number of new police offi-
cers over the past 12 months to
184.
He noted that the new
recruits are joining the police
force at a very critical time.
"This is a critical juncture. It
is (a) time when the police force
and law enforcement branches
continue to confront crime .and
criminality which remain.at.
unacceptably high levels in.our
country," he said:. : ..
Minister Turnquest said the
six months of intense education
and physical training at the-
police college has prepared the
new recruits in critical areas
such as defensive tactics, use of
firearm, policing, applied sci-
ence, and use of state-of-the-art
technology and equipment.
"G Squad, you, your family
and friends have every reason
to be proud of your accom-
plishments. To be the kind of
police officer the Bahamas
needs at this time, you must be
prepared academically and
physically," he said.
Mr Turnquest said that the


recruits will remain in the north-
ern Bahamas.
He explained that this de-cen-
tralises law enforcement and
helps in the maintenance of law
and order in Grand Bahama and
the Family Islands.
Additionally, he told recruits
that the police force is looking
for "the new police officer" who
can conform to a changing soci-
ety in which values and tradi-
tions have been eroded.

Technology
"The new police officer must
contend with a new kind of
criminal, the new police officer
must be on the cutting edge of
new emerging technology, state-
of-the-art equipment, and mech-
anisms to keep pace with
crime, including trans-national
organised crime and cyber
crime in the 21st century," he
said.
Mr Turnquest stated that the
new police officer must also be
capable of responding to cur-
rent and future socio-economic
challenges that impact crime in
the Bahamas.
, The new police officer, he
said, must not take public sup-
port for granted and must be
able to positively influence the
lives of people.
He or she must respect and
uphold universal human rights
standards, treating all persons
in police custody humanely, he
added.
Minister Turnquest said the
new police officer must be an
officer with impeccable moral
credential, whose integrity, char-
acter, and behaviour can never
be called into question.
Recruit PC Jerome Sawyer
was the most outstanding
recruit, receiving both the Com-
mandants and the Baton of
Honour awards.


* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Senator Kay Smith
revealed that $3.7million is being made
available by government to begin the
phased transition to digital television at
the Broadcasting Corporation of the
Bahamas.
Senator Smith, parliamentary secretary
in the Prime Minister's Office in Freelort
with responsibilities for the Broadcasting
Corporation (BCB) was speaking during
the Senate budget debate.
She stated that the government is com-
mitted to the transformation of the BCB,
which is critical to the growth and devel-
opment of the country.
"In this budget, Madam President, we
are emphasising our commitment to trans-
forming the BCB. Understanding the
global realities of digital television and
recognizing the deteriorating television
infrastructure that consistently results in
the delivery of sub-standard or poor qual-
ity television programmes, we are making
available $3.7 million to begin the phased
transition to a modem state of the art dig-
ital television facility," she said.
Senator Smith noted that the first phase,
which involves the re-development of the


news department and aspects of televi-
sion programming and production areas,
will be begin this year.
"This upgrade will introduce new meth-
ods of television production and will
require all editorial, production, engi-
neering and information technology staff


to acquire new skills.
"This upgrade will eliminate the manual
methods of television production and
introduce a new digital workflow system
that is designed to encourage creativity\
and promote productivity and efficicni
cy," Senator Smith explained.
She noted that after more than 70 yea i
of service the BCB is still struggling 1(
create an organisation committed to exccl-
lence.
She said the challenge is to make BC13
a national broadcaster that has the same
kind of national appeal and credibility ;,s
the BBC in the United Kingdom, thei
CBC in Canada, NHK in Hong Kong and
ABC in Australia.
"That is the challenge we face as w N:
move to further develop the country's
broadcasting industry.
"In light of the global realities of digil ;i
television and the potential pressure it
could place on small developing coun-
tries like he Bahamas, it is a serious chal-
lenge," she said.
Senator Smith pointed out that while
the government looks forward to the
major infrastructural changes that will
take place in the BCB during the next
nine months, there is an ongoing debate
about the possible transition of the BCH
to a national public service broadcaster.


Chinese delegation visits

the FNM headquarters
AMBASSADOR Hu Dingxian of the People's Repub-
lic of China to the Bahamas paid a courtesy call on Sena-
tor Johnley Ferguson, Chairman of the Free National
Movement at the party's headquarters on Tuesday. The
Ambassador.was accompanied by First Secretary Zhang
Xinmin.
Also present was FNM Senator Anthony Musgrove
and Michael Turnquest, both Deputy Chairmen of the
party.
During the discussions Ambassador Hu said that he
was interested in deepening the relations between CCP
of China and the FNM and others in the Bahamas to
expose each other to different cultures, establishing an
exchange programme between partners, so as to develop
an appreciation of how each apparatus works.
He congratulated the FNM on its victory at the polls in
May last year, as it was under the FNM government's
first term that the "One China" policy was implemented.
Ambassador Hu said he was very grateful for that.
The Ambassador expressed his gratitude to the FNM
for their expressions of sympathy during the most recent
lossof lives and displacement of people in that country's
recent earthquakes. He said that the FNM showed how
compassionate the Ingraham government really is. He
said that friends should help support each other no mat-
ter what.
The FNM Chairman congratulated and welcomed the
Ambassador to the Bahamas.and looked forward to a
very cordial relationship.



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THE TRIBUNE


WEDNESDAY, JUNE 25, 2008, PAGE 9






PAGE 10, WEDNESDAY, JUNE 25.2008


THE TRIBUNE


JUNE 25, 2008


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

Wild Florida Great Lodges of the National Nova scienceNOW Scientists use Carrier "Controlled Chaos" The men
B WPBT "Sharks" n (CC) Parks Death Valley and Furnace detectors to search for evidence of and women bond with their units.
Creek Inn; Lake Quinault Lodge. a ghostly substance. (N) n (CC)
The Insider (N) The Price Is Right Million Dollar Criminal Minds The team thinks CSI: NY A body in a harbor leads
E WFOR n (CC) Spectacular / (CC) that two suspects may be working the team to hidden treasure and an
together on home invasions. assassination plot. f) (CC)
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0 WTVJ wood Brooke An Illinois real estate agent tries to couples live as adults, dealing with form death-defying stunts. (N) f
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WSVN Deco Drive So You Think You Can Dance The top 16 contestants. (N) n (CC) News (N) (CC)

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H WPLG (CC) Season Finale) Pig farmer; dancer. teen girl defies all attempts at disci- prove their daughter's 1989 death
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(:00) BBC World BBC News Sport Today BBC News Fast Track News
BBCI News America (Latenight). (Latenight).
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BET (CC) the Love Go? (N) (CC) Residents of Brooklyn, N.Y., deal with a citywide blackout. (CC)
This Hour Has Little Mosque on Sophie f (CC) CBC News: the fifth estate f CBC News: The National (N) f
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(:00) Kudlow & Fast Money American Greed The Big Idea With Donny Deutsch
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E Soccer UEFA Euro 2008 Semifinal --Teams TBA, From Basel, Switzer- Fuera de Juego Cronometro 2008 Euro High-
ESPNI land. (Live) light Show (N)
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WVIN Lady Catholic Church.
I00) Cardio The Dan Ho The Dan Ho Get Fresh With Get Fresh With Art of the Athlete "Jonny Moseley"
FIT TV Blast fn (CC) Show (CC) Show (CC) Sara Snow (CC) Sara Snow (CC) Jonny Moseley. n (CC)
FOX-N Fox Report- The O'Reilly Factor (CC) Hannity & Colmes (CC) On the Record With Greta Van
S-N hepard Smith ________________________ Susteren (CC)
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(Subject to Blackout) (Live) lines Score (Live)
GOLF Golf Fitness (N) Inside the PGA Golf Central 19th Hole The Approach Top 10 19th Hole
GOLF __Tour (Live) I_______
GSN Lingo (CC) Who Wants to Be a Millionaire ft Family Feud Family Feud f Russian Whammy (CC)
(CC) (CC) (CC) Roulette (CC)_____
(:0G4Tech 00) Attack of X-Play (N) Unbeatable Ninja Warrior Ninja Warrior Attack of the Showl
G4TeCh the Show! (N) Banzuke,
(:00) Walker, Walker, Texas Ranger Walker CHARLIE & ME (2008, Drama) Tom Bosley, James Gallanders, Jordy
HALL Texas Ranger races to rescue an oil rig from radi- Benattar. After having a heart attack, a man helps other people. (CC)
"Deep Cover" cal environmentalist. A (CC)
Buy Me Treat- Hidden Potential My House Is Property Virgins Big City Broker The Unsellables Buy Me "Felecia:
HGTV ment for autistic "Starter House Worth What? "Cold Feet" A Ottawa neighbor- (N) f (CC) Equity to Move
son. (CC) Search" Hingham, Mass. (CC) hood. (N) On" (N)
INSP Victory Joyce Meyer: Zola Levitt Pre- Inspiration To- Life Today With This Is Your Day The Gospel
P Everyday Life sents (CC) day James Robison (CC) Truth (CC)
Reba Van suffers My Wife and According to Family Guy Family Guy Two and a Half Two and a Half
KTLA a knee injury. f Kids Jr. has bully Jim "Model Be- Stewie marries Stewie goes to Men ,t (CC) Men ft (CC)
(CC) trouble. f havior-" (CC) his old friend San Francisco.
SF Still Standing Reba "Fight or Reba Reba reluc- WHILE THE CHILDREN SLEEP (2007, Suspense) Gail O'Grady, Mari-
LIFE Bill and Judy try Flight" ft (CC) tantly goes on a ana Klaveno, William R. Moses. A live-in baby sitter hatches a plan to
to go wild. (CC) blind date. harm a mother. (CC)
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MS N cBC__C mann mann
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f (CC) he's dying. (CC) posed on TV. Family dinner. Game night. Surprise party. (N)
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l TOON Jung e Chooks Force land (CC) music festival.
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tent (CC) dealer are hunted. f (CC) Hollywood, Calif. (N) (CC) ______
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his old friend Beverly Hills, Calif., salon, picks a wife. (N) f (CC)
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WSBK (CC) con man comes decides to get
, t B. 1for a visit. (CC) her own place.
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new colleague's affair with a student. A 'R' (CC) mole. f 'PG-13' (CC) *
When I Knew (N) (:15) *'; LOST & FOUND (1999, Romance-Comedy) David Spade, So- THE HILLS HAVE EYES 2
MAX-E (CC) phie Marceau, Patrick Bruel. A man resorts to dognapping to meet a pret- (2007, Horror) Michael McMillian,
ty neighbor. t 'PG-13' (CC) Jessica Stroup. f 'R' (CC)
EPIC MOVIE (2007, Comedy) Kal Penn, Adam *', I NOW PRONOUNCE YOU CHUCK AND LARRY (2007, Comedy)
MOMAX Campbell, Faune Chambers. Four adult orphans have Adam Sandler, Kevin James. Two straight firefighters pose as gay part-
an incredible adventure. f 'PG-13' (CC) ners for insurance purposes. f 'PG-13' (CC)
(:00) * EMPLOYEE OF THE MONTH (2006, Com- Secret Diary of a Weeds "Lady's a BACK IN THE DAY (2004) Ja Rule.
SHOW edy) Dane Cook, Dax Shepard. iTV. Two store clerks Call Girl Lon- Charm" (iTV) f An old friend lures a young man
vie for a coveted award. 0 'PG-13' (CC) don's sex party. (CC) back to a life of crime.'R'


TMC









Let Cl Ocalie ile
Bakcamian cv Puppe- acvd
kis sidekick Dere-k put
some- smiles oVI YOuA
kids's faces.


1.




IL


1Brin your children to the

MhcHappy lHowu at McDonald's in
Pablmdale every Tkhursday

from 3:30pm to 4:30pm during the
moViA of June 2008.




Enjoj Great Food, Prizes and Lots of Fun.



i'm lovin' it
i'm lovin' it"


_______________________________ ________________________________________


WEDNESDAY EVENING


E.T)55): WOOS"(005Horror) ** CLEKS II (206, Comedy) Rsd asn r-(0)*, AKS:NME
n 'R' (CC) Randal now flip burgers. 0 WR (CC) KZnoxville, Steve-0. A 'R' (CC)


.-M








THE TRIBUNE PAGE 11


WEDNESDAY, JUNE 25, 2008

I INSIDE Latest Wimbledon newsO


Elite athletes coming home


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


SLOWLY the
elite athletes are
making their way
home for the
Bahamas Associa-
tion of Athletic
Associations' Scotia
Bank Olympic trials
this weekend.
At the Thomas A
Robinson Track and
Field Stadium, the
athletes slowly poured in to go through
some light workout sessions as the trials
draw near.
NCAA indoor and outdoor 400m
champion Andretti Bain came home
yesterday and he couldn't wait to get to
the track.
"It feels great. I've been waiting for
this all year. I'm excited," said Bain,
who will be entered in the marquee
men's 400m against Chris 'Bay' Brown
and a host of other quarter-milers.
"Things are looking very good. I just
came to do a little shake out. I might do
a little workout tomorrow (today) and
recovery on Thursday and come ready
to perform this weekend."


QUARTER-miler Andretti Bain (right) poses
with BAAA's public relations officer Kermit
Taylor...

Unlike when he returned home after
winning the NCAA indoor champi-
onship title, Bain said he doesn't antic-
ipate his father Delton 'Doc' Bain Jr
surprising him with any "welcome
home celebrations."
Bain, who has now.completed his col-
legiate eligibility, said he has a bigger
task at hand and that is trying to ensure
that he qualifies for the Olympic Games
in Beijing, China in August.


WORLD Championship high jump champion Donald Thomas is interviewed for a special


documentary by BTC...

The focus on the field events will be
the men's high jump on Friday at
7:30pm. And heading the list is World
Championship champion Donald
Thomas.
"It's a pleasure to be home to get
some nice Bahamian food to get ready
for this weekend," he said. "I just hope


to go out there and perform and gi
the Bahamian crowd a good show."
Thomas, who has been through
media frenzy since he returned hon
had to go through an interview wi

SEE page 14


Bahamas' World Juniors excited about Poland trip


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

MEMBERS of the Bahamas
Association of Athletic Asso-
ciations' 14-member team
heading to the IAAF World
Junior Championships are
excited about the trip to,
Poland.
The team, named on Sunday
following the BAAA's BTC
Junior Nationals, are set to
leave town on Monday for a
training camp before they start
competition on July 8.
"It's a privilege to be a part
of the World Junior team,"
said Krystal Bodie, who will
compete in the 100m hurdles.
"This is the first time going to
the championships because the
first time I made the team, they
didn't allow me to travel
because the hurdles were too
high.
"But now I'm happy that I'm
a part of the team. I'm expect-
ing to go over there and win a
medal for the Bahamas in my
race."
Bodie, who just recently
completed her freshman year
at college, said she's even more
eager about the expectations
for the women's 4xl00m relay.
The Bahamas is going into
the championships as the num-
ber one seed.


WORLD JUNIOR Championship
head coach Fritz Grant (far left)
with sprinters Sheniqua 'Q' Fer-
guson and Nivea Smith...

Sheniqua 'Q' Ferguson,
going ,to her second World
Juniors, said she just wants to
"go out there and get on the
medal stand in both the 100m
and 200m.
As for the team, she noted
that it's a well balanced one,
so hopefully they will do much
better than they did.
As a member of the relay
team, Ferguson, who also com-
pleted her college freshman
year, said because the team is
the number one seed, she
doesn't see why they shouldn't
return with a medal there as
well.
V'Alonee Robinson, anoth-
er member of the relay team,
said the trip is a good start to
her progression from Carifta
to the higher level of competi-
tion, especially as part of the


SOME MEMBERS of the World Junior Championship team are shown. In the front row (1-r) are Sheniqua 'Q'
Ferguson, V'Alonee Robinson, Krystal Bodie, Tia Rolle and Kristen Hepburn-Taylor. In the back row (1-r) are
Jeffery Gibson, Leslie Hanna, Nemji Burnside and Brandon Miller...


relay team. "We are number
one in the relay right now, so I
expect that we will go in there
and dominate the event," she
said. "We want to come back
home with the gold medal."
Nivea Smith, the Grand
Bahama high school sensation,
said it's an honour for her to be
a part of the team.
"I think it's a good team. We
have a lot of veterans and a lot
of good athletes, so I expect
that we will do very well," she
said.
On the relay team, Smith
said she's confident that they
will do very well because "all
of us have been working very


hard."
"So we should do good," she
added.
Individually, Nemji Bumside
will be competing in the men's
400m hurdles and he's elated
to be carrying the flag.
"I'm just honoured to be
chosen for such a high level of
competition," he said. "But we
have a very go6d team. I think
we can do a lot of damage
because all of us made the
qualifying standard."
Brandon Miller, who is
expected to run on the 4x400m
relay team, said he's pleased
to be going because "it's my
first one and I know that we


have the capability of running
very well."
"We have a very strong
team," he added.
Leslie Hanna, who is also on
the team for the 4x400m relay,
said it's a major accomplish-
ment for him.
"I've been training very hard
and it's finally paying off," he
said. "It's just great to be able
to represent your country at a
meet like the World Junior
Championships."
On the relay team, 18-year-
old Hanna said if they all go
out and concentrate on their
performances, they should be a
medal contender.


'This is the biggest youth team that will ever leave the country...'

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

COACH Stephen Murray likes the
make-up of the Bahamas' 40-member -

of Teachers' Track and Field Champi- ."-
onships.
The team is scheduled to leave town
on July 16 for the British Virgin Islands,. . .
where they will compete July 18-19.' ".
They are expected to return home on

"This is the biggest youth team that
will ever leave the country," Murray
stated. "The athletes were all selected
based on their performances at the
BUT trials.
"So we have some strong individuals
who will start building towards the ..J"
CAC Youth Championships next year.
We want them to get together to get
this opportunity to train and travel to
compete together." '
Four years ago at the last champi-
onships, the Bahamas Association of .
Athletic Association carried a much
smaller team and despite the size, Mur-
ray said they performed very well.
"We didn't have sufficient people to
compete in the relays, but this year we
will be competing in all of the relays. So

SEE page 14 M E t A te gt rTehhintih r.


Carey


defeats


Russian,


advances


to 2nd


round

* William Fountain
heads to second
round after three-set
win over Justin Lunn
* Garbrielle Moxey
advances to second
round with 6-0, 6-1
win over American
Moya Williams

* By RENALDO DORSETT
Sports Reporter
rdorsett@tribunemedia.net

THE top
ran k ed
Bahamian
player on the
boys' side of
the draw made
quick work of
his first round
opponent at
the Security .
and General
ITF Open.
Rodney
Carey scored a
6-3, 6-2 win
over Nikita Fomine of Russia
to easily advance to the sec-
ond round yesterday.
The fifth ranked Carey was
able to shrug off the addition-
al pressure of the expectations
which come along with being
the highest ranked player with
home court advantage.
"I felt a little bit of pressure
early on and I was not playing
as well as I thought I could,"
he said. "But I eventually got
into the groove, started to relax
and I played better as the
match went on and it showed
in the final score."
Carey said he was forced to
become the aggressor early in
the match because of the simi-
larities in both his and
Fomine's style of play.
"His game and mine are a
lot alike, we like to hit the
down the line shots so today
it was about who came out and
played their game better, took
the initiative and got the
advantage early in the point,
they would be able to go ahead
and get on the offense to win
the point," he said. "I just tried
to get on top of him and start-
ed scoring instead of just react-
ing to what he did."
With more efforts like yes-
terday's relatively untested
win, Carey saidhe he hopes to
extend his stay in the tourna-
ment to Saturday's champi-
onship.
"I expect to do pretty well
every match I enter into I
expect to win, no matter who
I'm playing," he said, "I just
take it match by match, play
my best tennis and hopefully I
can go far enough and come
out on top."
Carey will team up with
Jamaican Brandon Burke in
the doubles draw.
Day two proved to be suc-
cessful for each of the Bahami-
ansin the singles draw to take
to the court.
William Fountain advanced
to the second round after a
three set win over Justin Lunn
3-6, 6-3, 6-4.
Garbrielle Moxey, the eigh-
teenth ranked player in the
girls' draw, also advanced to
the second round with a 6-0,
6-1 win over American Moya
Williams.
Winners in the Under 14
division included Nicoy Rolle,
Shaquille Taylor, Tyler Smith,
Treajh Ferguson and Kevin
Major.
Doubles play also began yes-
terday. But the results were


unavailable up to press time
last night. Play continues 10am
today at the BLTA National
Tennis Center.


* ,~'














At Wimbledon, Ivanovic 'shoulders'




high expectations as a title favourite


* By STEPHEN WILSON "V '
AP Sports Writer l 4
WIMBLEDON, England (AP) -
As a new Grand Slam champion and *
new No. 1, Ana Ivanovic has a new
perspective on the game as she seeks -
to win Wimbledon for the first time..
The 20-year-old Serb lived up to .
her billing on the opening day at the
All England Club, beating Rossana .
de Los Rios 6-1, 6-2 in less than an
hour on Centre Court on a sun- ..
splashed day that also featured victo-
ries by Roger Federer, Novak
Djok6vic and Serena Williams. .
The top-seeded Ivanovic is fully .
aware that she comes into the event .
carrying high expectations as a title
favourite.
"It's very challenging for me," she I 1
said. "That's something new and very ""-
exciting. I'm very happy to be taking
every challenge I get. I think I'm still -
basically the same person. The only ,;
thing I feel changed a little bit, I have
a little bit more confidence." .
Ivanovic reached the semifinals ....
here last year and made her break- :
through last month, winning the
French Open for her first major e
championship. She took over the No.
1 ranking for the first time after the.
French and is now a marquee name in
a women's field that is more open
than usual following the retirement :
of former No. 1 Justine Henin. :
"Obviously now coming especially
as the top seed, lots of people just ANA IVANOVIC (inset) of Serbia in action
expect you to. win," Ivanovic said. at Wimbledon Monday...
"When you tell them, I still just want
to play match by match, they think
it's just a cliche. You have to work memorable. So if you look at it that
hard, especially on grass. Everything way, it can be very motivating."
is happening so fast. A lot of players Motivation should be no problem
can be dangerous. You have to be for defending champion and four-
alert and focused from the first point time winner Venus Williams, who was
on." set to. kick off her title defense Tues-
Along with the prestige of being day on Centre Court against British
No. 1 comes the pressure, something wild card Naomi Cavaday.
she sees as working to her advantage. Serena Williams, a two-time Wim-
"You have to see pressure for what bledon champ, won her first-round
it is," Ivanovic said. "It's a reflection match Monday, beating Kaia Kanepi
of your own ambition. If you see, it as.. 7:5., 6-3..,She feels back at home on
a positive thingJit.means, that you put rngrass after her humbling third-round
yourself in qyp9itji9.tojdp something xit on clay at the French Open,


during her first round match against Rossana De los rios of Paraguay on Center Court


"I had to take some time off," she
said. "I took just a couple steps back.
Just did some Serena recovering. I
think it worked for me. And now I'm
back at Wimbledon."
Champion,


Open championship and first grass-
court title at Queen's Club was up
against 122nd-ranked German quali-
fier Andreas Beck. Two-time runner-
up Andy Roddick faced Argentina's
Eduardo Schwank, making his Wim-
bledon debut.
The man they are all chasing, Fed-.


Maria Sharapova, the 2004 cham- erer, began his bid for a sixth straight
pion, was paired against Stephanie Wimbledon crown by beating
Foretz of France on Court 1 on Tues- Dominik Hrbaty 6-3, 6-2, 6-2 for his
.day. ... .... 60,thstraiglhtgrassrcouurtwiw:and3fthb.--j
Amongthe men, Rafael Nldal,-. ,onse.cutive: victory Lt.- he.All tEng.c
coming off his fourth straight French land Club. _... ii, .;. n, i oc


In the enduring image of day 1,
Hrbaty realizing it could be his last
time on Centre Court sat in a chair
alongside Federer during the, final
changeover at 5-2 in the third set. The
two old friends and former doubles
and practice partners chatted and
laughed.
"I looked over and there he was,"
Federer said.
"He asked if he could sit next to
me. I said, 'Sure. No problem. There's
an extra seat."'
Said Hrbaty: "I just wanted to tell
him he's a great friend of mine and I
appreciate that."
The 30-year-old Slovak, playing in
his 12th Wimbledon, had beaten Fed-
erer in their only two previous match-
es way back in 2000 and 2004.
Hrbaty, who had elbow surgery last
year, has slipped to No. 273 in the
rankings. "He said it might be his last
Wimbledon, so it was almost a little
bit emotional," Federer said. "It was
quite nice he did that. It was. nice to
share that moment on Centre Court
together."
No. 3-ranked Djokovic the Aus-
tralian Open champion who could
face Federer in the semifinals over-
came a poor second set and beat
Michael Berrer 7-5, 2-6, 6-3, 6-0.
"I feel optimistic wherever I go,"
Djokovic said. "I have all the reasons
to feel that way. I have a lot of confi-
dence. I feel like I can go a long way."
Lleyton Hewitt, the 2002 winner
and the only champion in the men's
draw other than Federer, labored for
3 1/2 hours to subdue Robin Haase in
five sets, 6-7 (4), 6-3,6-3, 6-7 (1), 6-2.
"If I get into a fifth set, I'm feeling
pretty confident," Hewitt said. "Even
though he played a couple of great
sets where I couldn't break his serve,
I was still able to get through."
David Nalbandian was the highest
seeded player at No. 7 --to lose
Monday, falling 6-4, 6-2,,6-4 to
Canada's Frank Dancevic.
Advancing among the women were
No. 4 Svetlana Kuznetsova and 2006
schaipiojnrAmelie Mauresrmo. Five.
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...................


Venus starts

title defence

with victory

WIMBLEDON. Eng-
land (AP) Venus
Williams has started her
title defense with a 7-6 (5),
6-1 win over British wild
card Naomi Cavaday on
Centre Court.
The sexenth-seeded
Williams dropped her
opening serve Tuesday and
had to force a tiebreaker
against the No. 197th-
ranked Cavaday.
After holding on in the
tiebreaker. Williams domi-
nated the second set to
advance to the second
round. She is seeking her
fifth Wimbledon title.


..;..., .: .,.,
* *.. ;"': .:.:',"^ ? '.' *
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..
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IF


, V:! ..C
... ',.:, .,-, CL,
....c_


DEFENDING women's singles champion Venus Williams of the US serves during her first round match
against Britain's Naomi Cavady on the Centre Court at Wimbledon yesterday.


PAGE 12, WEDNESDAY, JUNE 25, 2008


TRIBUNE SPORTS














Team USA hopes to net gold


M By ANDREW SELIGMAN
APSports -Writer. Americans to open play against China
CHICAGO (AP) The


reigning MVP. The scoring
champion. Shooters, defensive
specialists and dominant post
players, too.
The US Olympic team that
was announced Monday
appears to have all the ele-
ments to capture the gold
medal in Beijing and rebound
from a third-place finish in
Athens four years ago. MVP
Kobe Bryant has a shot at
another big prize after falling
short of the NBA champi-
onship, and this time, he'll lead
a deep team that includes
LeBron James.and Dwyane
Wade.
While it might be a bit pre-
mature to conclude the US
"has re-established itself" on
an international level, as USA
Basketball managing director
Jerry Colangelo said during a
news conference, it's no stretch
to say the team is versatile.
Besides Bryant, James and
Wade, Carmelo Anthony and
Jason Kidd were among the 12
players chosen from a pool of
33. They were joined by
Tayshaun Prince, Carlos Booz-


er, Chris Bosh, Dwight
Howard, Chris Paul, Michael
Redd and Deron Williams.
"The last couple of years,
since 2000, you have seen the
world caught up," Wade said.
"We have to play their game. I
feel now we have an unbeliev-
able opportunity."
The team was selected with-
out a tryout. It will have a
minicamp this week in Las
Vegas and meet there July 20-
25 to train and play an exhibi-
tion against Canada before
heading overseas. The Ameri-
cans open Olympic play
against China on August 10.
Although the Americans
captured the gold at the Syd-
ney Games in 2000, they no
longer dominate international
play as they once did. The tal-
ent gap has narrowed and
many top players have chosen
to not play for the national
team in recent years.
Now, the U.S. team appears
loaded. Then again, the Amer-
icans went 5-3 in Athens and.


US Olympic team


'long on talent but


notably short


on big men'


By JIM LITKE
AP Sports Columnist
AS Shaq so indelicate
reminded Kobe the oth
night, a good big man is st
better than a good small ma
But for reasons that have l
tie to do with restoring Brya
t's self-esteem and everythi
to do with restoring the Unit
States' reputation as the spot
reigning Olympic superpowc
the higher-ups in Americi
basketball establishment a
betting otherwise.
USA Basketball managi
director Jerry Colange
unveiled during a news co
ference Monday in Chical
that the team was long on te
ent but notably short on b
men just three among t
dozen players bound for Bc
jing and only one true center
Dwight Howard of the Orla
do Magic.
As loaded as the US squi
is, it still represents a calculi
ed gamble in the internatior
game, where the play is oft
more physical, the refs are le
experienced and one few
foul five brings disquali
cation vs. six in the NBA
can make all the difference
And don't even ask wh
coach Mike Krzyzewski is su
posed to do if one of tho
three goes down with an injux
"When you have as max
outstanding players as we ha
in this country," Colange
said, "to select a group of 12
obviously going to leave oui
number of outstanding pe
pie."
The final roster spot went
Pistons' swingman Tayshai
Prince over Hornets cent
Tyson Chandler, suggesting
that Colangelo and Krzyzew
ki valued versatility over siz
Then again, the decision mig
have been influenced by ti
miserable experience the L
team had during the 204
Games in Athens, when the
coach Larry Brown stoppi
just short of confirming an of
citing conspiracy against Ti
Duncan, his big.man and be
player.
"I saw every game and
don't know if there was ai
pattern," Brown wisecracke
"other than getting him to t]
bench."
Some of those questionab
calls will be repeated, n
doubt, if those officials see tl
US team struggling to defer
the high pick-and-roll pl
opponents have used in inte
national matchups to deva
tating effect for the pa
decade. Teams like to play ti
United States with two of th
big men taking turns settii
picks, meaning the cutter ofti
draws a smaller US defend
as he rolls toward the baske
Instead of worrying about
c.. lack ofdepthiq ont,'t oug


both Colangelo and Krzyzews-
ki are relying on their gut
instinct that this group of play-
ly ers-unlike the unhappy col-
er elections of All-Stars that rep-
till resented Team USA at the
in. past two Olympics won't be
it- too stubborn or proud to sub-
in- limate their egos and adapt to
ng the international style, instead
ed of the other way around.
t's The myth that the NBA
er, could pick 12 guys based on
a's availability and sneaker poli-
re tics and still mop up a basket-
ball floor with the rest of the
ng world should have ended after
lo the US team narrowly escaped
n- with the gold medal in Sydney.
go Either way, it was buried by
al- the embarrassing showing in
>ig Athens four years later.
he "It's not about marketing or
ei- anything like that," Krzyzews-
er, ki insisted about the selection
in- process for Beijing. "It's about
representing yotir country.
ad These guys get it. Believe me, I
at- would say it if they didn't.
lal Every second I've been with
en them has been good."
rss The biggest reason for that is
er experience. Eight of the dozen
fi- players were part of the US
- squad that went unbeaten in
-e. the Olympic qualifying tour-
at nament last year, including sev-
ip- eral still seething over their
se roles in the 2004 debacle.
ry. "Going through that expe-
ny rience really helped me to.
ve learn the international game,"
lo Carmelo Anthony said
is "We spoke on the plane
t a coming back, and we decided
o- we wanted to be respected
again as a team," Dwayne
to Wade said.
un To do that, this group will
er have to do more than sit back
ng and expect Bryant, LeBron
s-. James or Chris Paul to bail
ze. them out. Spectacular one-on-
lht one play is a nice weapon to
he have in reserve, but it won't
JS carry a team through the
04 course of a tournament. That
n- was another note Shaq sound-
ed ed in the blistering rap song
fi- he directed at Kobe.
im It should be apparent to any-
vst body who's watched the inter-
national game the past decade
i I that the United States isn't los-
ny ing to better talent, but better
,d, teams.
he Most of the players filling
out the rosters for the rest of
*le the world came to basketball
no after first playing soccer and
he the core principles sharing
nd the ball and moving without it
ay have made their sums
vr- greater than the equal of the
is- parts.
st There's no denying how
he great the individual parts on
eir Team USA can be. But the
ng only way they come up big will
en be by playing together.
er
t. Jim Litke is a national
t a sports columnist for The Asso-
!h, Ciai M S ... "t


lost for the first time since
NBA players started compet-
ing in 1992 even though they
had James, Anthony, Wade
and Tim Duncan. That group
got routed by Puerto Rico
before losing to Lithuania and
Argentina, but this one is con-
fident it will take the gold.
"It's really the world's game.
We think we're the best at
playing that game," said coach
Mike Krzyzewski, warning that
"unless we show the respect to
the rest of the world that it is
the world's game" there will
be no gold medal.
Wade and Anthony said
they didn't know what to
expect when they went to
Athens.
"Now, we understand the
international game is good,"
Wade said. "Those guys play
together like I've never seen
before. They can probably play
with their eyes closed and
know where each other is at,
that's how long they've been
playing together. You have to
respect that we're going to
their turf and trying to come
out on top.",
Anthony saw the 2004
Games as a chance to "have
some of the best workouts in
the summer time with the best
players in the world" and went
there thinking "the USA is
supposed to win everything."
"Going through that expe-
rience really helped me to
learn the international game,"
Anthony said.
He's part of a team that
includes one of the best shoot-
ers (Redd) and defenders
(Prince); There are role players.
and scorers, including the two
biggest.
Bryant will play in his first
Olympics after winning his first
MVP while leading the Los
Angeles Lakers to the finals.
James averaged 30.0 points -
just enough to beat Bryant.for
the scoring title. Those twp
along with Anthony, Kidd and
Dwight Howard started for a
team that went unbeaten in the
Olympic qualifying tourna-


I,


IN THIS September 2, 2007 file photo, United States' Kobe Bryant (left) and LeBron James react after
their teammate Deron Williams scored against Argentina during their FIBA Americas Championship gold
medal basketball game at the Thomas & Mack Center in Las Vepas...


.ment last year. Eight of the 12
players headed to Beijing
played on that team and six
played in the 2006 world cham-
pionships. "We did a good job
* of understanding it's not about
your ego, it's not about your


pride, it's not about what you
do on your other team," Redd,
who played on the national
team last year, said at his bas-
ketball camp in Franklin, Wis..
"It's about coming together,
being unselfish and winning a


gold medal. Last year, I
thought we did a good job of
that after bedig together for
only a year."
AP Sports Writer Colin Fly
in Franklin, Wis., contributed
to this story.


The Tribune

\ will be publishing its annual


supplement in August/September. In preparation for the supplement, which will
feature all graduating seniors who will be attending university/college, whether
locally or abroad, we invite all parents, guardians and graduating seniors to submit
a profile on the graduate, along with a photograph and contact information.



Name of student
High School you are graduating from
Age
Name of parents '
A list of exams already taken and the results eg Bahamas Junior Certificate (BJC)
exams and Pitman exams
A list of exams expected to be taken Bahamas General Certificate of Secondary
Education (BGCSE) exams
The college/university they expect to attend eg College of the Bahamas, Harvard
University, University of Miami
Name of degree expected to be sought eg Bachelors degree in English, Bachelors
degree in biology
What career they expect to enter once their education is completed a doctor, Math
teacher, engineer
All extracurricular activities club memberships, team sports/track and field, church
activities
A list of honours/awards/recognition student has received

Please include your telephone/contact information and also note that photos will not be
returned. Forward all information to Lisa Lawlor, Tribune Junior Reporter at e-mail -
lisalawlor@gmail.com or features@tribunemedia.net -please note 'Back To School' in
the subject line. The information may also be hand delivered or mailed to:

Mack To School
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Shirley and Deveaux Streets
P O Box N-3207
Nassau, Bahamas.


- -


- ----- ------ -- ---- --- ---- ---- -- -- -- --- ---- ---- --- -- -- -- -- ---- -- --- ---- --- ---- -- --- ---- ------- ---- --- ---- ---- -- ---- ---- --- ---- -- --- ---- ------- ---- --- ---- ---- --- ---- ------- ---- -- ---- I ... .... .... ... .... ...


WEDNESDAY, JUNE 25, 2008, PAGE 13


TRIBUNE SPORTS











eligible

IOC: Gatlin is not eligible to




compete in Beijing Games


* By MARK LONG
AP Sports Writer
P',SACOLA, Fla. (AP) Justin
Ga wants to be a spokesman for
atte 'ii deficit disorder, organise
youtl running camps and give back to
his hoghetown.
All three are in the works, but
they're also on hold while the banned
sprinter tries to defend his 100-meter
Olympic title in Beijing.
The task could be getting tougher,
too.
The International Olympic Com-
mittee said Gatlin, whose four-year
doping ban recently was upheld by
the Court of Arbitration for Sport, is
not eligible to compete in the Beijing
Games, regardless of any ruling by a
federal court judge in Pensacola.
"Should he wish to appeal this CAS
decision, he must do so before the
Swiss Federal Court," wrote IOC
director of legal affairs Howard Stupp
in the letter dated June 23 that was
filed with the court.
Nine lawyers from the US Olympic
Committee, USA Track & Field and
the US Anti-Doping Agency
absolutely agreed Monday. They
descended upon Pensacola to try to
persuade US District Judge Lacey A


Collier that he doesn't have the
authority to override CAS, sport's
highest court.
Last Friday, Collier issued a tem-
porary restraining order that would
allow Gatlin to compete in the 100-
meter rounds at the US Olympic track
and field trials, which begin Friday in
Eugene, Oregon.
Gatlin must finish in the top three
of his event to make the US Olympic
team. "I'm not afraid of what any-
body thinks or what anybody's going
to say," Gatlin said. "Half are going to
believe, and the other half are not
going "to believe in what's going on
right now. My focus and determina-
tion is to get out there and prove to
the world that I am Justin Gatlin."
Gatlin spent the last month training
with his former college coach in
Atlanta. He has tried to stay focused
on earning a spot in the Summer
Games, but it hasn't been easy, espe-
cially since his future has been so
uncertain for so long.
But Friday's victory even if it
was a temporary one provided a
boost for the former Tennessee star.
"It was more of a strengthening
tool for me to get back out there,"
Gatlin said. "I felt like I had more
purpose to be on the track."


SPRINTER Justin Gatlin arrives at federal
court in Pensacola, Forida, on Monday.
The hearing could determine whether he'll
defend his 100-meter title at the Beijing
Olympics.
(AP Photo: Tony Giberson)


Maybe so, but Gatlin also refused
to let himself get too excited. He
knows he hasn't raced in more than
two years and would face plenty of
competition at trials.
"Obviously I haven't had any pro-
fessional races, but I think with the
competitiveness I've had in my heart
and the determination and feeling
that I've been discriminated against, I
think that will make me a worthy
competitor out there."
First, though, he has to get to the
trials.
Collier heard hours of arguments
from both sides Monday, then broke
for the day. No timetable was set for
a decision.
Gatlin had sought the court's relief
to compete, contending the punish-
ment for his first doping offense in
2001 a positive test for ampheta-
mines, a substance that was part of
medication he was taking for atten-
tion deficit disorder violated the
Americans with Disabilities Act.
"You can dress this up any way you
like, but what it really is a motion to
vacate the CAS award," USOC attor-
ney Howard Jacobs argued. "You
can't come here now just because
you're not happy with the result."
Two weeks ago, CAS upheld a


four-year doping ban against the for-
mer world 100- and 200-meter cham-
pion. Gatlin asked CAS to rescind
the 2001 doping violation his first
of two which he had hoped would
reduce his penalty to a two-year ban,
allowing him to compete at trials.
Gatlin's second doping offense stems
from a positive test at the KanSas
Relays.in 2006.
If Gatlin is again barred from the
trials, it's not clear whether he will
pursue an appeal with the Swiss Fed-
eral Court. "The idea that the result
will be any different with a Swiss court
trying to interpret American law
under the ADA act seems a little
problematic," Gatlin's attorney, Joe
Zarzaur said outside the courthouse.
"But certainly that's something Justin
should consider."
In the meantime, the US Olympic
Committee filed Monday to appeal
the restraining order allowing Gatlin
to run at the Olympic trials to the
11th Circuit court in Atlanta.
"This last stance we've taken has
probably been the strongest stance
we've taken," Gatlin said. "People
feel like it's the most indirect way to
come, but it's been the most positive
since two and-a-half years ago and
I'm really feeling good about that."


'This is the biggest youth team that will ever leave the country...'


INSIGH

Fop tesoi e


bein th news


FROM page 11

we expect to do much better
than we did."
Khadijah Fraser, competing
in the girls' under-9 division,
won the most outstanding ath-
lete overall in all of the divi-
sions contested at the last
championships.
Fraser is back on the team,
but this time she will be
entered in Lhe-up4,4,13 divi-
sion along with Makeya White,


Talia Thompson and Danielle
Gibson.,
'the under-13 boys' divi-
sion is made up of Ian Kerr,
D'Mitry Charlton, Mark Dun-
combe, Xavier Coakley,
Demetri Frobes and Kawan
Culmer.
The under-15 division is
comprised of Kandace Hart,
Courtney Thompson,
Rachante Colebrooke, Zahra
Powell, Khadijah Ferguson
.and Shaune Miller.
The under-15 boys division
will comprise Toriano Finley,


* S.


'09 Sonatas


HYun0RI


have ARRIVED!


Niucholas Archer, Lathone Hepburn and Godfrey Arthur. "good 400 metres."
Collie, Lataro Collie, Richard "Based on this team, every- Tpriano Finley, a 14-year-
. Ferguson, Lopez LaFleur and one is very strong," Murray old Southwestern student, said
Stephen Newbold. said. "They went through a vig- it's going to be a good experi-
The under-11 girls' divi- orous trials and I feel they are ence for him because "I've
. sioni has Asia Butler, Blayre ready to compete." never traveled away with a
Catalyn, Taj. Dorsette and Rachante Colebrooke, one national team.
Charissma Taylor. of the oldest members of the "So I kgw it's going to be
The under-11 boys consist girls' team, said she's confi- fun and'Thope to go and rep-
of Anthony Rolle, Valentino dent that the team will do very resent my country well. We.
Bodie, Julius Nottage and well. have a good team, so I expect
Emmanuel Hepburn. "Once we practice, stay that.we allwill do good as
The under-9 girls division focused and do what the well. a' d g
include Britini Fountain, coaches ask us to do. I think The team will be managed
Danielle Rodgers, Tane Millger 'e will do very well." she sait'. ,'< ting
and Marissa White. .=t_ :. for her own perse hingrtaff
And on the under,9 boys "., eat, the 1b3,--xH, l|lle,.^m
division are Antoine Cooper, St Augustine's College student son, eno DeiMrl e.leoiia
Christopher Johnson, Jordan said her goal is to go and run a Collie and BeverK' White.



Elite athletes coming home


FROM page 11


BTC, so he didn't have much
.to say.
But he warned his rivals,
including Trevor Barry and
Jamal Wilson, that he's ready
to compete.
Wilson is back home after
his freshman year in college
where he said he basically had
to train himself for the first six
months. Despite that, he was
the junior college runner-up in
the men's high jump indoors


and was third outdoors.
"It's been a hard year, com-
petition wise," said Wilson,
who produced a season's best
of 7-feet, 2 1/4-inches, which
was just off his personal best of
7-3.
With the field quite stacked
for the men's high jump, Wil-
son said all he wants is for
everybody to turn in their best
performances.
"The better the competition,
the better I will perform. So I
don't want anybody to come


out here and not perform their
best," he said. "I think it will
bring out the best in me."
Wilson, the third place fin-
isher at last year's nationals,
said he just wants to clear the
Olympic A standard of 7-6 so
that he can make the team
going to Beijing.
"We don't want to bring out
the best and peak at our
nationals," Wilson said. "So if
we can at least make the qual-
ifying standard, we should be
okay."


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PAGE 14, WEDNESDAY, JUNE 25, 2008







THE TRIBUNE


WEDNESDAY, JUNE 25, 2008, PAGE 15
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TRIBUNE


WEDNESDAY, JUNE 25, 2008


in.sTnel.T.'.-t^ibueinr


Chamber 'urgently' seeks bonded vehicles reform Economy loses

LEN *
Wants chan e to Customs olic reventin bonded vehicle f $300-35018 a


Tribune Business Editor

The Grand Bahama
Chamber of Com-
merce "urgently"
wants the Govern-
ment to alter the Customs
Department's current policy of
not allowing bonded vehicles to
leave the Port area, its members
fearing this practice could be
applied to other bonded goods
at a moment's notice.
Arguing that Customs' cur-
rent policy and interpretation on
the use of bonded vehicles ran
contrary to the Hawksbill Creek
Agreement, and thus the law,
the Chamber's president, attor-
ney Gregory Moss, told Tribune
Business yesterday that the
organisation wanted to resolve


leaving GBPA area, arguing this is inconsistent with Hawksbill Creek year from fraud


* Chamber chief says situation gives larger firms competitive
advantage over smaller counterparts


the issue with the Government
by August 2008.
This was because the Cham-
ber planned to hold an event in
West End, Grand Bahama, and
its members who as Grand
Bahama Port Authority
(GBPA) licensees, drive bonded
vehicles needed to be able to
travel there.
"We've opened a dialogue
with the Government on the
need to revise the policy on not


allowing bonded vehicles to
leave the Port area, as we under-
stand that practice not to be con-
sistent with the Hawksbill Creek
Agreement, which is the law,"
Mr Moss told The Tribune.
"We do have some urgency to
have that dialogue completed,
because we intend to hold a
Chamber function in West End
for August. The way we see it,
we are asking Customs to com-
ply with the provisions of the
Hawksbill Creek Agreement.
They ought not to be trying to
limit people in the legitimate use
of bonded goods."
The Hawksbill Creek Agree-
ment allows GBPA licensees to
import into Freeport, and pur-
chase in Freeport, goods that are
bonded or duty free, meaning
no import or stamp duties are
paid on them provided they
are for legitimate use in the
licensee's own business.
, Mr Moss yesterday pointed
out that the key test for deter-
mining whether goods should be
treated as bonded or duty-paid


was whether they were used by a
GBPA licensee for its own legit-
imate business activities, not
where they were used.
The Chamber president said
this had been upheld in several
Supreme Court rulings that had
found against Customs over the
Hawksbill Creek Agreement,
most notably the UNEXSO
case, where the judge ruled that
the key fact in determining
whether its marine equipment
could be bonded was not
whether it was used outside the
Port area, but whether it was
used in the company's business.
In addition, Mr Moss said that
in the case he successfully
argued last year on the Home
Centre's behalf, the Supreme
Court backed his assertion that
the Customs Management
Guide to the Hawksbill Creek
Agreement which Customs had
been using to determine duty
rates in Freeport for 30 years -
had no basis in statute, and was
merely an interpretation of the
law.


As a result, Customs' policy
on bonded vehicles was "ultra.
vires" to the Hawksbill Creek
Agreement, Mr Moss said, as it
was an interpretation of the law
- and an incorrect one in the
Chamber's eyes that had no
basis in statute.
"All that Customs has done
so far has gone on one specific
class of goods not being able to
leave the Port area," Mr Moss
told The Tribune.
The fear among GBPA
licensees, though, was that this
policy could be applied to other
bonded goods, potentially caus-
ing chaos for their businesses.
As an example, Mr Moss said
Freeport attorneys who needed
to travel to the courts in Nas-
sau, could be prevented from
travelling with papers and docu-
ments that were brought in as
bonded.
This, in turn, would force
companies to keep two separate

SEE page 3B


* By NEIL HARTNELL
Tribune Business Editor
FRAUD and internal theft
could be costing the Bahamian
economy and businesses.
between $300-$350 million per
year, a leading accountant told
Tribune Business yesterday,
with contract fraud "a big
issue" and "widespread" in this
nation due to close family rela-
tionships.
Kendrick Christie, a Certi-
fied Fraud Examiner and the
assurance and advisory part-
ner at Grant Thornton, said
the Bahamian economy prob-
ably lost the equivalent of 5-7
per cent of its per annum GDP
every year to fraud and inter-
nal theft, based on average
inventory shrinkage rates.
Given that the Bahamian
economy is generally regard-
ed as producing between $6-
$7 billion in per annum GDP,
that percentage gives rise to
the $300-$350 million figure.

SEE page 5B


Court rejects water contract challenge


* By NEIL HARTNELL
* Tribune Business Editor
AN attempt to overturn the
awarding of the $28 million
Blue Hills reverse osmosis
plant contract to BISX-listed
Consolidated Water has been
rejected-by .the.. Cour t of.
Appeal, which criticised one
of the Supreme Court judges
who initially handled the case
for an "unusual" and "unac-
ceptable" delay in taking 15
months to render a verdict.
Dismissing the appeal by
UK-based reverse osmosis
plant operator, Biwater Inter-
national, and its Bahamian
subsidiary Biwater (Bahamas),
who had sought the reinstate-
ment of their judicial review
application on the Blue Hills
contract award, Appeal Justice
Emanuel Osadebay said the


* Attempt to overturn Consolidated Water's Blue
Hills plant award thrown out on technicality
* Appeals Court criticises judge for 'unusual and
unacceptable' 15-month delay in rendering verdict


companies' separate applica-
tion for a stay to prevent the
deal from being handed to
Consolidated Water had taken
15 months to be decided.
"I cannot conclude this judg-
ment without expressing grave
concern at the fact that Justice
[Vera] Watkins took more
than 15 months to hear and
determine the applicants'
application for interlocutory
relief in this matter," Justice
Osadebay said.
"In my view, that delay is
unusual and the reasons given
by the judge unacceptable. It is


to.be hoped, however,, that
steps will be taken below to
ensure that in future such delay
does not re-occur or become
commonplace."
Aside from these latest con-
cerns on the Bahamian judi-
cial system's functioning, Jus-
tice Osadebay's verdict essen-
tially dismissed Biwater's
appeal for reinstatement of its
judicial review application on a
technicality failure to comply
with the Supreme Court's

SEE page 4B


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JUNE 30th, 2008


* By NEIL HARTNELL
Tribune Business Editor
T H E
Bahamas Film
Studios' holding
company has
settled a
$300,000 claim
made against it
by a Bahamian
engineering
company but
only if it sells
the 3,500-acre
property to a Nassau banker's
investment consortium by the
end of August 2008.
A copy of the',Consent
Order, which essentially acts
as the Settlement Agreement,
between Phoenix Engineering
and the Bahamas Film Studios'
immediate holding company,
Gold Rock Creek Enterpris-
es, requires Owen Bethel's
Bahamas FilmInvest Interna-
tional group to withhold
$300,000 from the purchase
price they are paying.
This sum, instead of passing
to the Bahamas Film Studios
and Gold Rock Creek chair-
man, US investment banker
Ross Fuller, will go to Phoenix
Engineering to settle the
$300,000 it claims it is owed
for engineering and other work
done on an Environmental
Impact Assessment (EIA) for


120-day deadline for,
deal, or else Bahamian
company's injunction
will be back in place

the studios.
Mr Fuller has agreed to that
in return for Phoenix Engi-
neering amending the
Supreme Court injunction that
it obtained on September 12,
2007, preventing Gold Rock
Creek from selling to Mr
Bethel and his consortium until
that debt was paid.
Yet there is a catch..
A copy of the April 29,2008,
Consent Order, which has
been obtained by Tribune
Business, requires that Mr
Fuller complete the Bahamas
Film Studios' sale to Bahamas
FilmInvest International with-
in 120 days from that date.
"The said sale shall be com-
pleted within a period of 120
days from the date of the said
Consent Order, provided that
in the event the said sale is not
completed within the said
Completion Period, the origi-
nal terms of the said injunc-
tion shall revive unless the par-
ties hereto shall have mutually

SEE page 8B


Benchmark (Bahamas) in

software distribution deal


A Benchmark
(Bahamas) sub-
sidiary has signed
an agreement to
distribute imaging
software, designed
to aid disaster
recovery, through-
out the Bahamas
and the Caribbean
in a venture that
could ultimately
add thousands of
dollars in revenue
to its top line.
The Estate Vault, a US-
based provider of value-added
products and services to com-
panies and the financial ser-
vices industry, yesterday said
it has reached an agreement
with Benchmark (Bahamas for
distribution of its products
throughout the Caribbean.
Boyd Soussana, its chief
executive, said in a statement:
"In keeping with our plan to
deploy worldwide via strategic
distributorship agreements, we
are pleased to have Bench-
mark Advisors (Bahamas)
become our Caribbean dis-
tributor.
"The anticipated launch of
The Estate Vault will occur in
the Bahamas first during this
summer, with the rest of the
Caribbean to follow over the
next 18 months."
Tribune Business under-
stands that the agreement will
see Benchmark Advisors dis-
tribute The Estate Vault's
imaging software, designed to


enable persons and
companies to store
valuable informa-
tion for disaster
recovery and
emergency purpos-
es, throughout the
Bahamas and the
Caribbean.
Julian Brown,
Benchmark
(Bahamas) presi-
dent, when con-
tacted by Tribune
Business yesterday
declined to comment, saying
that several details of the
agreement with The Estate
Vault still needed to be
worked out.
Still, The Estate Vault's
press release quoted Mr
Brown as saying: "In all my
career in the financial services
industry, I have been looking
for something like The Estate
Vault and now it is here. I am
delighted to be part of these
marketing efforts, and we will
make it successful throughout
the Caribbean in the very near
future."
The Estate Vault, which is
listed among the 'Pink Sheets'
stocks in the US, described
itself as a company established
to help clients keep "financial,
personal and legal documents
up to date and in one place".
It provides a credit card reg-
istry, home inventory listing,
identity theft insurance and an
online legal documents and
will creator.


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THE TRIBUNE


PAGE 2B, WEDNESDAY, JUNE 25, 2008


Unsun


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THE TRIBUNE


vL..L.Il4L-.)L.jr-% Il 'vu.I 'L. ...J, -.Viuu, 1 r-%d.L- .P. JI


NIB: Winding-up petition allegations 'unfounded'


* By CARA BRENNEN-
BETHEL
Tribune Business Reporter
THE National Insurance
Board yesterday denied it had
failed to pay millions of dollars
in industrial injuries benefits to
Anthony Wright, who has filed a
petition to wind-up the national
social security system.
NIB's acting director, Anthony
Curtis, said Mr Wright's claims
that it owed him millions of dol-
lars in compensation after he fell
in a work-related accident in 1982
were completely unfounded.
Mr Curtis said NIB had dis-
charged all responsibility for
claims in the case. "As it relates to
Mr Wright, we have no outstand-
ing claims owed him," he added.
Mr Curtis explained that if a
person sustained an injury in an


industrial accident, and they were
unhappy with the settlement they
received, they had the right to
appeal to the Medical Appeal
Board, which was something Mr
Wright did.
If they were still unhappy, then
they had the right to appeal to
the Supreme Court if the claimant
felt there was an error in law.
However, Mr Curtis said he
was not aware of any rulings from
the Tribunal making NIB further
liable in this case, which according
to Mr Wright he has won.
Therefore, Mr Curtis said NIB
was very unlikely to offer a set-
tlement in response to the wind-
ing-up petition.
Mr Wright told The Tribune
he had filed the winding-up peti-
tion as a last-ditch attempt to
force NIB into paying the mil-
lions of dollars he claims he is


owed as a result of the fall he had
during his employment at the
Frankyn Chemical company on
Grand Bahama in 1992
Mr Wright said he had suffered
a fall that left him with a ruptured
disc and damage to the soft tissue
of his back.
The National Insurance Board,
he alleged, declined to pay for
him to receive medical treatment
abroad, saying it would be more
affordable for him to receive
treatment at a Bahamian hospital.
Mr Wright said he has had to
live with the ramifications and'
health challenges resulting from
the fall, including pain, a month-
long hospitalisation in 1994, and
many subsequent out-patient vis-
its since. He said that while NIB
did make about $17,000 in pay-
ments to Doctor's Hospital on his
behalf, it never paid him his work-
er compensation benefits.

FROM page 1B

sets of inventory one that was
duty-paid, the other bonded -
dramatically increasing their
fixed costs of doing business.
"It has the detrimental impact
of providing a competitive
advantage for larger businesses,
as compared to smaller busi-
nesses," Mr Moss told The Tri-
bune on bonded vehicles.
"Larger businesses have gone
to Customs and got a special
exemption, for instance to allow
a construction company to build
at Ginn, and to allow utility com-
panies to operate in West and
East End. Smaller companies
have not been able to get the
exemptions."
As a result, such companies
were having to keep two vehicle
fleets, plus two sets of parts and
fuel bonded and duty-paid.
GBPA licensees and their
employees who lived outside the
Port area in settlements such as


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Public Notice



THE CLEARING BANKS


ASSOCIATION


Announces


To Our Valued Customers,


ALL of the Clearing Bank's located on the Family
Islands of the Commonwealth of the Bahamas will
conduct the following business hours


Thursday, June 26th


BANKING HOURS
Open: 9:30am


Closed: 2:00pm


Regular Banking Hours will resume on
Friday, June 27, 2008 (9:30am 4:30pm)


This is due to the General Election of
Local Government Officials in the Family Islands.



Bank of The Bahamas Limited
Citibank, N.A.
Commonwealth Bank Limited
Fidelity Bank (Bahamas) Limited
FirstCaribbean International Bank (Bahamas) Limited
Royal Bank of Canada
Scotiabank (Bahamas) Limited


He claimed that he won a judg-
ment from the Tribunal for NIB
to pay him the workers compen-
sation in 1994, which the nation's
social security system has never
honoured.
Mr Wright showed Tribune
Business copies of his petition for
winding-up, where he alleged that
NIB was indebted to pay undis-
puted established multi-million
dollar accruing sums through the
1994 Medical Appeal Board's
decision, along with the accruing
consequential damages he said
were meant to be awarded him
by Franklyn Chemicals.
He said in his affidavit he filed
in support of the petition that in
July 1994, he defeated the NIB
at the Medical Appeal Tribunal
via a unanimous decision. He said
this further established the Board-
's liability for 100 per cent dis-
ablement and unlimited medical

West End and High Rock were
currently not able to take their
bonded vehicles home at night,
Mr Moss said, adding that
licensees were paying for bene-
fits they could not currently use.


care ( Industrial benefits) from December 1985.


Legal Notice
NOTICE


OLD ALLEN LTD.
In Voluntary Liquidation


Notice is hereby given that in accordance with Section
138 (4) of the International Business Companies Act,
2000, OLD ALLEN LTD. is in dissolution as of
June 23, 2008.

International Liquidator Services Inc. situated at 35A
Regent Street, P.O. Box 1777, Belize City, Belize is the
Liquidator.


LIQUIDATOR


LEGAL NOTICE OF DISSOLUTION

International Business Companies Act
(No.45 of 2000)


LOUVRES INC.

Notice is hereby given in accordance with Section 137 (8) of
the International Business Companies Act, No. 45 of 2000, the
Dissolution of LOUVRES INC. has been completed, a Cer-
tificate of Dissolution has been issued and the Company has
therefore been struck off the Register.

The date of completion of the dissolution was the 10th of June,
2008.


PANAMWANM MANAGEMENT
MSVCBAHAMAS)LD.
U-ftsw


PUBLIC NOTICE


CLOSURE OF NEW PROVIDENCE OFFICES~ -

The National Insurance Board wishes to advise the general public that most of
its departments/offices in New Providence, including the Pay Windows at the
two Post Offices, will be closed on Friday, June 27, 2008. Only the Jumbey
Village Local Office will remain open to the public to facilitate basic
services, such as the distributions of short and long-term benefits
cheques, the payment of contributions, the intake of claims, registra-
tion, and pension verification. Claitmants with Short-Term Benefit cheques
at any of the other Offices in New Providence, may collect them from the
Cashiers Department between the hours of 9:00 a.m. and 4:30 p.m.

The Board's New Providence offices will re-open on Monday at the usual time.

The Board apologizes for any inconvenience-caused.







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Court rejects water




contract challenge


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The Deadline for Applications is
Friday, July 11th, 2008


FROM page 1B

rules.
The verdict recalled how the
two Biwater entities had initi-
ated legal proceedings on
March 10, 2005, against the
Water & Sewerage Corpora-
tion and the Attorney Gener-
al's Office.
The action was taken after
the Water & Sewerage Corpo-
ration had allegedly revoked
the September 30, 2004, Letter
of Acceptance its then-general
manager, Abraham Butler,
sent to Biwater giving it the
"water supply franchise
arrangement" that was the
Blue Hills plant contract.
Biwater sought a court order
to quash the Water & Sewer-
age Corporation decision to
revoke the Blue Hills contract
award contained in that Sep-
tember 30, 2004, letter.
In addition, it also asked the
courts to give it interlocutory
or temporary relief by pre-
venting the Water & Sewer-
age Corporation from:
Revoking and repossess-
ing the Blue Hills contract
award
"Repudiating" the water
purchase agreement with
Biwater pending the judicial
review application
And/or, until the judicial
review application was deter-
mined, handing the Blue Hills
reverse osmosis plant contract
to Biwater.
Then-Supreme Court Justice
Hartman Longley initially
heard the case, and granted
Biwater leave to apply for judi-
cial review on March 17, 2005.
The application for the tem-
porary injunction was then set
down for hearing on Monday,
March 21 L,2005,-:' *- : o
Justice Longley ordered on .'


March 18. 2005, that the judi-
cial. review leave and all docu-
ments be served on the Water
& Sewerage Corporation and
Attorney General's Office.
However, before the March 21
hearing he recused himself,
and the injunction application
was set down for 'hearing on
July 17, 2005, before Justice
Watkins.
On May 5, 2005, both the
Water & Sewerage Corpora-
tion and Attorney General's
Office applied to set aside the
judicial review leave on the
grounds that there had been
"material non-disclosure" by
Biwater, and that the company
had failed to comply with
Order 53 of the Supreme
Court rules.
At the July 17, 2005, hear-
ing, attorneys for the Water &
'Sewerage Corporation and
Attorney General's Office
argued that Biwater was not
in compliance with Order 53
because it had failed to file a
Notice for the hearing of the
judicial review application
within the required 14-day
time period.
No application had been
made to extend the filing dead-
line and, accepting their argu-
ments, Justice Watkins set
aside the leave to apply for
judicial review.
Maurice Glinton, Biwater's
attorney, argued before the
Court of Appeal that the 14-
day clock on filing the Notice
did not start running until the
injunctive relief application
was determined, because that
application was not treated as
"distinct and separate" from
the judicial review application
by Justice Longley.
This view was not shared by



T
BI S -
Fo-tes tre


Thomas Evans QC, attorney
for the Water & Sewerage
Corporation, who argued that
the judicial relief application
and interim injunction appli-
cation were separate applica-
tions.
Finding that Biwater's
"grounds of appeal disclose no
arguable case against the deci-
sion of the learned judge", Jus-
tice Osadebay's ruling noted
that a review of Order 53
showed that the 14-day peri-
od in which to file a judicial
reiew Notice "begins to run
from the date when leave to
move for judicial review is
granted in this case, at all
events when the order granting
leave was perfected".
The Court of Appeal found
that both Justice Watkins and
Justice Longley treated Biwa-
ter's case correctly by regard-
ing the judicial review and
injunctive relief applications as
separate.
In addition, Justice Watkins
found that 15 months had
passed since the 14-day time
limit had expired, indicating
Biwater and its attorneys had
"no intention of complying
with Order 53".


Turning to Biwater's com-
plaint that its constitutional
rights had been "prejudiced"
by Justice Watkins' 15-month
Delay in dealing with their case,
Justice Osadebay concluded:
"In my view, whatever delay
there might have been in hear-
ing the application for inter-
locutory relief had no bearing
on, and was not a contributing
factor, to the applicant's non-
compliance with Order 53 of
the Rules of the Supreme
Court, which was the judge's
reason for setting aside the
leave granted to the applicants.
"Order 53 required the
applicants to enter a motion
for the hearing of the substan-
tive judicial review application
within 14 days after the grant
of leave.
"The record shows that for
more than 15 months after the
grant of leave, the applicants
failed to enter a motion as
required by the rules, hence
the setting aside of the leave
granted. In fact, the applicants
could 'have entered the
required motion in time while
-waiting for the hearing of their
application for interlocutory
relief. This they did not do."


NOTICE
NOTICE is hereby given that OMAX PIERRE
of FAITH AVENUE, 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 18TH day of JUNE 2008 to the
Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.


PUBLIC NOTICE
INTENTTO CHANGE'NAME BYVDEED POLL ',
The Public is hereby advised that I, DANIEL TAVAR CHRISTON
SAWYER of Dunmore Town, Harbour Island, one of the Isalnds
of the Commonwealth of The Bahamas, intend to change my
name to DANIEL TAVAR CHRISTON MAJOR. If there are any
objections to this change of name by Deed Poll, you may write
guch objections to the Chief Passport Officer, P.O.Box N-742,
Nassau, Bahamas no later than thirty (30) days after the
date of publication of this notice.


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PAGE 4B, WEDNESDAY, JUNE 25, 2008


THE TRIBUNE r







THE TRIBUNE


WEDNESDAY, JUNE 25, 2008, PAGE 5B


Economy loses $300-_____


350m a year from fraud


FROM page 1B

Acknowledging that fraud
would always be present
throughout the world's
economies and businesses, Mr
Christie said that employees
who stole from their compa-
nies increased the costs of
doing business and end-con-
sumer prices, as employers
often increased prices to cover
the losses they were incurring.
The Grant Thornton part-
ner added that with the econ-
omy slowing down, persons
losing their jobs and the cost of
living rising dramatically,
Bahamian businesses were
likely to experience an increase
in the level of fraud and theft.
This, in tune, would result in
companies passing on ever
more costs to Bahamian con-
sumers in the form of price ris-
es.
"By stealing from these com-
panies, they increase prices and
he cost of doing business," Mr
Christie told Tribune Business.
' ."I know companies have
been attaching the cost of
fraud on to their inventory
prices. I think you're going to
see more fraud costs attached
on to prices, as we go into this
downturn and businesses begin
to experience more losses.
"It is believed that Bahami-
an businesses sustain millions
of losses due to fraud, adding
5-7 per cent to inventory prices
as a result of large inventory
losses. Some Bahamian
employees often brag about
having company inventory at
home in very large quantities."
Figure

Mr Christie said the 5 per
cent shrinkage figure used by
the Association of Certified
Fraud Examiners "tends, t t
be very conservative", esp-,,
cially where Bahamian retail
and wholesale businesse were'


concerned, and a lot of fraud
often went unreported because
it was difficult to detect and
pinpoint.
Rule

"The rule of thumb is 5 per
cent of your bottom line, espe-
cially for retail entities. That's
what I've seen in my years as
an auditor," Mr Christie
added.,
Yet he added that fraud and
white-collar crime was "much
more complex" in the Bahami-
an context than many people
thought.
Mr Christie urged the Gov-
ernment and Bahamian busi-
nesses to pay particular atten-
tion to contract fraud, saying
this society's make-up, with its
web of interlocking family rela-
tionships and everyone know-
ing everyone else, left it par-
ticularly susceptible to this
issue.
For example, inside infor-
mation could be provided by
key employees to companies.
bidding on contracts or quoting
to provide services, especially if
they were related to a principal
. in the bidding company.
Urging that those involved
in bidding procedures be lim-
ited to two or three persons,
and that at least two to three
competing quotes be obtained,
Mr Christie said: "The
Bahamas really has a big issue
with contract fraud. It's not
enough to look at three quotes.
You've got to look at the con-
nections. The person giving the
quote may be a family member
of the person making the deci-
sion.
"I think contract fraud is
widespread, and is an area we
need to look at closely. The
major government contracts
follow some criteria, but we
need minre transparetrcy on
thesebids. You.really have to
did down deep into who owns
these, bidding companies, and


ensure they meet some criteria
for transparency."
While harder economic
times and increasing prices
could not be used as an excuse
for increased levels of fraud
and internal theft, Mr Christie
said it was common sense that
such incidents normally
increased in frequency and size
during these periods.
Already this year, persons
alleged to have committed
internal theft at companies
such as City Markets, the
Bahamas Telecommunications
Company (BTC) and British
American Financial have been
charged before the courts.
"There is evidence of a trend
in fraud in the US from a
recent article in USA Today,
which said shoplifting has
increased significantly during
this economic slow-down. The
recent baInk robbery and fraud
cases brought before the courts
are evidence locally that
Bahamian businesses should
brace themselves," Mr Christie
said.

Cost

"We believe that not all
should be blamed on the cost
of living, however, as the gen-
eral decline in the value frame-
work of persons entering the
job market and lack of a 'moral
compass' is to blame for some
of the increased cases of fraud
also referred to as commercial
crime."
Pointing otut that some per-
sons joined companies for just
one to two weeks to give them-
selves a chance to steal, Mr
Christie said non-governmen-
tal organizations and charities
were particularly susceptible
to fraud because their internal
controls tended to be less strin-
gent.
Urging that companies issue
their fraud policy to all
employees, Mr Christie said:
"It's very hard to train persons


Only forty-elgnt nautical miles eoa-r of Maoml Floridoa rluaed on me fJorr, end cf 1jor, irrnlri Bohamas. Bimini &ry/ Resort
& Morina compare< re:rs on oer '40 ocres of pristine Bahamian Deocher lcLong kno,.n 'ra o porollre for ongleri and dlsers
oflke. Bimini Bay Resorl offer a opelthota of opinions for Ine nrrosil crfimlrnalng tra.eler. &mnirl BOS' Manogement Lid. owns and
,perores Bmini o .' e.Y-t .aonna

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
overall hotel revenue through development and implementation of effective transient/group inventory and pricing
strategies based on future demand forecasts.
ROOMS MANACER: 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.
i For ful consideration, all Interested applicants should forward a copy of their resume' to the attention of
MANAGER OF HUMAN RESOURCES
at gbullard@biminibayresort.com or fox to (242) 347.2312



NOTICE


HANG SENG BANK TRUSTEE
(BAHAMAS) LIMITED



Notice is hereby given that in pursuance of Section 249 of the
Companies Act a General Meeting of the Members of the above-
named Company will be held at the office of FT. Consultants Ltd.,
One Montague Place, 2nd Floor, East Bay Street, Nassau, Bahamas
on the 24th day of July 2008, at 10:00am, for the purpose of having
an account laid before them, showing the manner in which the winding
up had been conducted, and the property of the Company disposed
of, and hearing any explanation that may be given by the Liquidator,
and also of determining by Extraordinary Resolution the manner in
which the books, accounts and documents of the Company, and of
the Liquidator shall be disposed of.

Dated the 25th day of June, 2008.


Maria M. Fer6re
Liquidator


in ethics if they don't have a
value system."
He added that employers
needed to be proactive in com-
bating fraud and theft, and
troubleshoot potential prob-
lem areas such as inventory
and cash-in-hand over the next
six to eight months, arguing
that some potential culprits
would be deterred if they felt
there was a good chance they
would be detected, and thus
lose their jobs and suffer
embarrassment.

Wait

Rather than wait until some-
thing happened, Mr Christie
urged employers to implement
cash oversight, cameras, alarms
and bank reconciliations. The
cost of doing so, he added,
would be far less than what
was lost from fraud.
"In a number of instances,
employers realise that the
trusted employee who refuses
to take vacation, for instance, is
the one who has committed
fraud often in the thousands
of dollars," Mr Christie added.
"Bahamian businesses need
to also realise that once a need
develops, rationalization -
'This is compensation owed to
me for the many years I have
worked', will force an employ-
ee in a trusted position to
begin the initial foray into
fraudulent activities.
"We are concerned about
the fraud potential for Bahami-
an businesses and organisa-
tions with satellite operations
in Grand Bahama and the
Family Islands, and indeed in
other countries. These busi-
nesses need to step up their
vigilance, as typically sub-
branch offices have a tendency
to fall 'below the radar' and
may only receive periodic
oversight from their parent
office."


NOTICE
NOTICE is hereby given that RONY CHARLES OF #27
BEACHWAY DRIVE, MALIBU REEF, P.O. BOX F-43744,
FREEPORT, GRAND BAHAMA, 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
25th day of JUNE, 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.


NOTICE




(In Compulsory Liquidation)


IN THE MATTER OF CORSAIRE LIMITED




AND IN THE MATTER of THE INTERNATIONAL BUSINESS COMPANIESACTCh.,309 Statute
Laws of The Bahamas,2000 Edition





NOTICE IS HEREBY GIVEN that by Order of the Court dated the 16* day of June, 2008, Mr.
Lynden Maycock, of H & J Corporate Services Ltd., of Ocean Centre, Montagu Foreshore, East
Bay Steet, Nassau, Bahamas, has been appointed Liquidator of the above-named Company.

Dated this 20* day of June, 2008







HIGGS & JOHNSON
Chambers
Ocean Centre, Montagu Foreshore
East Bay Street
Nassau, Bahamas
Attorneys for the Petitioner


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 requirenient: 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 27t June 2008 to:

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








PAGE 6B, WEDNESDAY, JUNE 25,2006


THE TRIBUNE


Deloitte
1Deloitt' & fouche
Chariemed Acconltantl
and Management Cun.ullants
2nd eIirnace, Centreville
P.O. Box N-7120
Nwsiii, Bahamas
Tel: I (242) 302-4H001
lax: 1 1 (242) 322-3101
hlttp://www.deloitle.com.bs




INDEPENDENT AUDITORS' REPORT


To the Shareholders of
Laurentide Insurance and Mortgage Company Limited:

We have audited the accompanying financial statements of Laurentide Insurance and Mortgage
Company Limited (the "Company") which comprise the balance sheet as of December 31, 2007, and
the related statements of income, changes in equity and cash flows for the year then ended, and a
summary of significant accounting policies and other explanatory notes.

Management's responsibility for the financial statements

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

Auditors' responsibility

Our responsibility is to express an opinion on these financial statements 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 as to whether the financial statements are free of material misstatement.

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

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

In our opinion, the financial statements present fairly, in all material respects the financial position of
the Company as of December 31, 2007, and its financial performance and'its cash flows for the year
then ended in accordance with International Financial Reporting Standards.


Is^e -


February 7, 2008


A member firm of
Xdeaoltf'TdMheW Mu


LAURENTIDE INSURANCE AND MORTGAGE COMPANY LIMITED

BALANCE SHEET
AS OF DECEMBER 31, 2007
(Expressed in Bahamian dollars)


2007-


ASSETS
Deposit parent (Note 9)
Investments (Note 6)
Due from parent company (Note 9)
Accrued interest receivable and other assets
TOTAL

LIABILITIES AND SHAREHOLDERS' EQUITY

LIABILITIES:
Life assurance fund (Note 7)
Accrued interest payable and other liabilities
Total liabilities


SHAREHOLDERS' EQUITY:
Share capital
Authorized, issued and fully paid
105,000 shares at $2.86 each
Retained earnings
Total shareholders' equity

TOTAL


$12,721,623
3,462,800
12,895,239
75,593


2006


$13,352,776
1,620,400
8,905,648
28,867


$29,155,255 $23,907,691


$16,184,424
158,866
16,343,290


300,300.
12,511,665
12,811,965


$13,352,776
121,045
13,473,821


300,300
10,133,570
10,433,870


$29,155,255 $23,907,691


The accompanying notes form an integral part of these financial, statements.

These financial statements were approved by the Board of Directors on February 7, 2008, and are
signed on its behalf by:


Direct r/


LAURENTIDE INSURANCE AND MORTGAGE COMPANY LIMITED

STATEMENT OF INCOME
YEAR ENDED DECEMBER 31, 2007
(Expressed in Bahamian dollars)


2007


INCOME:
Life assurance (Note 8)
Interest income Government Stock
Interest parent company (Note 9)
Total income


EXPENSES:
General and administrative
Parent (Note 9)
Other
Total expenses

NET INCOME


$ 3,726,951
154,306
1,323,099
5,204,356



300,000
26,261
326,261


2006


$ 3,532,638
33,658
1,218,853
4,785,149



300,000
36,804
336,804


$ 4,878,095 $ 4,448,345


The accompanying notes form an integral part of these financial statements.

LAURENTIDE INSURANCE AND MORTGAGE COMPANY LIMITED

STATEMENT OF CHANGES IN EQUITY
YEAR ENDED DECEMBER 31, 2007
(Expressed in Bahamian dollars)


Share Retained
Cailtal Earnings


Balance at December 31, 2005
Net income
Dividends ($23.81 per share)
Balance at December 31, 2006
Net income


Total


$300,300 $ 8.185,225 $ 8,485,525
4,448,345 4,448,345
S (2,500,000) (2,500,000)
300,300 10,133,570 10,433,870
4,878,095 4,878,095


Dividends ($23.81 per share)
Balance at December 31, 2007


S (2,500000) (2,500,000)

$300,300 $12,511,665 $12,811,965


The accompanying notes form an integral part of these financial statements.

LAURENTIDE INSURANCE AND MORTGAGE COMPANY LIMITED

STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2007
(Expressed in Bahamian dollars)


2007


CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
Increase in accrued interest receivable and other assets
Increase in life assurance fund
Increase (decrease) in accrued interest payable other liabilities
Net cash from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:
Increase in purchase of Government Stock
Increase in due from parent company
Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITY:
Dividends paid

NET (DECREASE) INCREASE IN DEPOSIT PARENT
DEPOSIT PARENT, BEGINNING OF YEAR

DEPOSIT PARENT, END OF YEAR


$ 4,878,095
(46,726)
2,831,648
37,821
7,700,838


(1,842,400)
(3,989,591)
(5,831,991)


2006


$ 4,448,345
(26,542)
2,536,679
(31,602)
6,926,880


(1,620,400)
(269,801)
(1,890,201)


(2,500,000) (2,500,000)

(631,153) 2,536,679
13,352,776 10,816,097

$12,721,623 $13,352,776


The accompanying notes form an integral part of these financial statements.

LAURENTIDE INSURANCE AND MORTGAGE COMPANY LIMITED

STATEMENT OF LIFE ASSURANCE FUND
YEAR ENDED DECEMBER 31, 2007
(Expressed in Bahamian dollars)


2007


LIFE ASSURANCE FUND, BEGINNING OF YEAR
PREMIUMS RECEIVED


LESS:
Claims
Commissions (Note 9)
Tax on premiums
Refunds
Life assurance income (Note 8)


LIFE ASSURANCE FUND, END OF YEAR


2006


$13,352,776 $10,816,097


17,529,570
30,882,346


1,243,430
1,752,957
525,887
7,448,697
3,726,951
14,697,922


15,067,346
25,883,443


891,702
1,512,380
452,020
6,141,927
3,532,638
12,530,667


$16,184,424 $13,352,776


The accompanying notes form an integral part of these financial statements.

LAURENTIDE INSURANCE AND MORTGAGE COMPANY LIMITED

NOTES TO FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 2007


1. INCORPORATION AND ACTIVITY

Laurentide Insurance and Mortgage Company Limited ("the Company"), is a wholly-owned
subsidiary of Commonwealth Bank Limited (the "Parent").

The Company is incorporated under the laws of the Commonwealth of The Bahamas and
registered under provisions of The Insurance Act, 1969.

The principal business of the Company is to provide credit life assurance in respect of
borrowers from its parent company. The registered office is located at GTC Corporate
Services Ltd., P.O. Box SS-5383, Nassau, Bahamas.


2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING
STANDARDS

In the current year, the Company has adopted all of the new and revised Standards and
Interpretations issued by the International Accounting Standards Board (the IASB) and the
International Financial Reporting Interpretations Committee (IFRIC) of the IASB that are
relevant to its operations and effective for accounting periods beginning on January 1, 2007.

At the date of authorization of these financial statements, the following relevant Standards and
Interpretations were in issue but not yet effective:

IFRS 2 Share based payments (amendments)
IFRS 8 Operating Segments
IAS I Presentmidon of Financial Statements (amendments)
IAS 39 Financial Instruments: Recognition and Measurement (amendment)

The Directors anticipate that the adoption of these Standards will have no material impact on
the Company's financial statements.


3. SIGNIFICANT ACCOUNTING POLICIES

Statement of Compliance These financial statements have been prepared in accordance with
International Financial Reporting Standards.

Basis of preparation These financial statements have been prepared on the historical cost
basis except for the revaluation of certain non-current assets and financial instruments. The
principal policies are set out below:

a. Recognition of income

i. Interest revenue is accrued on a time basis, by reference to the principal
outstanding and at the effective interest rate applicable.

ii. Life insurance income is recognized on the Rule of 78 Basis over the term of the
life policy. The amount taken to income is adjusted by the amount of any surplus
dr deficit after an annual actuarial valuation.

b. Life assurance fund All receipts from the life assurance business of the Company are
credited to a life assurance fund as required by The Insurance Act, 1969, under which
the Company is registered. The fund is reduced in respect of expenses of the life
assurance business and any surplus disclosed by actuarial valuation.

c. Related parties Related parties include officers, directors and shareholders of
Commonwealth Bank Limited.

d. Financial assets Financial assets are

i. Cash;

ii. An equity instrument of another entity;

iii. A contractual right to receive cash or another financial asset from another entity,
or to exchange financial assets or financial liabilities with another entity under
conditions favourable to the Company;

iv. A contract that will or may be settled in the Company's own equity instrument and
is either a non derivative for which the Company is or may be obliged to receive a
variable number of the Company's owi, equity instruments, or a derivative that
will or may be settled other than by exchange of a fixed amount of cash or another
financial asset for a fixed number of the Company's own equity instruments.

Financial assets are classified into the following categories: "Fair Value Through Profit
or Loss" (FVTPL); "Held-To-Maturity"; "Available-For-Sale" (AFS); and "loans and
Receivables". The classification depends on the nature and purpose of the financial
assets and is determined at the time of initial recognition.


Director









r THE TRIBUNE


WEDNESDAY. JUNE 25, 2008, PAGE 7B


Financial assets are classified as FV\'TPL whLee the financial asset is either held for
trading or is designated as VTPL F\PIL assets arc stated at fair value, with any
resultant gain or loss recognized in poli or loss.

Bills of exchange and debentures with lixed or determinable payments and fixed
maturity dates that the Company has the positive intent and ability to hold to maturity
are classified as Pleld-To-Maturityv investments. Held-To-Maturity investments are
recorded at amortised cost using the effective interest method less any impairment, with
revenue recognized on an elfective yield basis.

Trade receivables, loans, and other receivables that have fixed or determinable payments
that are not quoted in an active market are classified e' Loans and Receivables. Loans
and Receivables are measured at amortised cost in. inr -1 effective interest method, less
any impairment.

AFS financial assets are those non-derivative financial assets that are designated as
available for sale or are not classified as a) FVTPL, b) Held-To-Maturity or c) Loans and
Receivables. AFS assets are stated at cost.

e. Financial liabilities Financial liabilities are any liabilities that are:

i. Contractual obligations to deliver cash or another financial asset to another entity
or to exchange financial assets or financial liabilities with another entity under
conditions that are potentially unlavoui able to the Company;

ii. Contracts that will or may be settled in the Company's own equity instruments
and are either a non-derivative for which the Company is or may be obliged to
deliver a variable nunilhi o 1i 1 'il equity instrumcnis, or a derivative that will or
may be settled either than by exchange of a fixed amount of cash or another
financial asset for a fixed number of the Company's own equity instruments.

Financial liabilities are classified as either FVTPL or other financial liabilities.

Financial liabilities are classified as FVTPL where the financial liability is either held for
trading or it is designated as FVTPL. Financial liabilities are stated at fair value with
any resulting gain or loss recognized in profit or loss.

Other financial liabilities are initially measured at fair value, net of transaction costs and
are subsequently measured at amortised cost using the effective interest method with
interest expense recognized on an effective yield basis.

The Company considers that the carrying amounts of financial assets and financial
liabilities recorded at amortised cost in the Financial Statements approximate their fair
values.

4. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION
UNCERTAINTY

In the application of the Company's accounting policies, which are described in Note 3,
management is required to make judgments estimates and assumptions about carrying amounts
of assets and liabilities that are not readily apparent from other sources. The estimates and
associated assumptions are based on historical experience and other factors that are considered
to be relevant. Actual results may differ from these 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.

The following are the judgments and estimates that management has made in the process of
applying the Company's accounting policies and that have the most significant effect on the
amounts recognized in the financial statements.

a. Fair value offinancial instruments Fair value is the amount for which an asset could
be exchanged, or a liability settled, between knowledgeable, willing parties in an arms
length transaction. The best evidence of fair value is quoted price in an active market.
In most cases, however, the financial instruments are not typically exchangeable or
exchanged and therefore it is difficult to determine their fair value. In these cases, the
Company considers that the carrying amounts of financial assets and financial liabilities
recorded at amortised cost in the Financial Statements approximate their fair values.

Since the calculation offairyvalue.i bhasgd .o ii.:i...il''; estimates, .,hichl involve
uncertainties, the actual faIir value realized in a sale or immediate settlement of the


b. Life Assurance Fund Surpluses on the Life Assurance Fund actuarial valuation are
credited to income. Due to the nature of actuarial valuations which depend on various
assumptions such as discount rates, expected rates of return on assets, projected
mortality, and policy termination rates, actual experience may differ from the actuarial
assumptions.

5. FINANCIAL INSTRUMENTS

The following table analyses the carrying amounts of financial assets and financial liabilities as
defined by IAS 39 Financial Instruments: Recognition and Measurement:


FINANCIAL ASSETS
Investments
Deposit parent (Note 9)
Due from parent company (Note 9)

FINANCIAL LIABILITIES
Life assurance fund (Note 7)





FINANCIAL ASSETS
Investments
Deposit parent (Note 7)
Due from parent company (Note 9)
FINANCIAL LIABILITIES
Life assurance fund (Note 7)


2007
Held-To- Available- Amortised
Maturity For-Sale Cost Total


$3,462,800 $ $ $ 3,462,800

$ $12,721,623 $ $12,721,623

$ $12,895,239 $ $12,895,239


$ $ $16,184,424 $16,184,424

2006
Held-To- Available- Amortised
Maturity For-Sale Cost Total


$1,620,400
$


$ 1$,57
$13,352,776 $ -


$ 1,620,400
$13,352,776


$ $ 8,905,648 $ $ 8,905,648


$ $ $13,352,776 $13,352,776


At December 31, 2007 there were no assets classified as loans and receivables nor any assc
or liabilities that were classified as FVTPL (2006: $0).

The following table shows income statement information on financial instruments: -


2007


Income
Interest on parent company
Held-To-Maturity Investments (Government Stock)


2006


$1,323.099 $1,218.853
154.306 33.658
$1,477,405 $1,252,511


6. INVESTMENTS

Investments are as follows:


Security

Bahamas Government Registered Stock
Bahamas Government Registered Stock
Bahamas Government Registered Stock
Bahamas Government Registered Stock
Bahamas Government Registered Stock
Bahamas Government Registered Stock


Rate Maturity 2007


Prime + 7/32%
Prime + 9/32%
Prime + 5/16%
Prime + 5/16%
Prime 19/32%
Prime + 5/8%


2023 $ 537,800 $
2025 92,500
2026 990,100
2027 651.000
2036 428,700
2037 762,700


2006

537,800
92,500
990,100


$3,462,800 $1,620,400


7. ASSETS OF LIFE ASSURANCE BUSINESS

Section 17 of The Insurance Act, 1969, stipulates that:

a. The assets of the life assurance fund of a registered insurer:

i. shall be as absolutely the security of the life policyholders as though the insurer
carried on no business other than life assurance business;

ii. shall not be liable for contracts of the registered life assurer carrying on othe
business or insurance business for which it would not have been liable had the
business of the insurer been only that of life insurance; and

iii. shall not be applied, directly or indirectly, for any purposes other than those to
which the fund is applicable.

b. In the winding up of a life assurer the value of the liabilities and assets of his life
assurance fund shall be ascertained separately from the value of any other liabilities or
assets and no assets of the life assurance fund shall be applied to the discharge of any
liabilities other than those towards life policyholders except insofar as those assets
.exceed those liabilities.

Accordingly, assets representing premiums distributable to policyholders are held in a separate
deposit account with the parent.

8. LIFE ASSURANCE INCOME

An actuarial valuation, which is based on the greater of the actuarially computed mortality
reserve, including a reserve for mortality fluctuation, or the total of unearned premiums, was
prepared as of December 31, 2007. As a consequence $3,726,951 (2006: $3,532,638), being
premiums distributable otherwise than to policyholders, was credited to income during the
year.

Actuarial Assumption Sensitivities:
The value of the. reserve is not affected by 10% changes in the actuarial assumptions for
mortality rates, policy lapse rates and the rate of return on fund assets.


9. RELATED PARTY TRANSACTIONS AND BALANCES

During the year the Company paid commissions of $1,752,957 (2006: $1,512,380) to its parent
fori life assurance business. Deposits with parent and due from parent balance earn intercr: at
the Bahamian prime rate of 5.5% (2006: 5.5%). The due from parent balance has no fixed
.ternis of repayment,. The Company pays an annual management fee of $300,000 (2006:
($,3),00Q) to is,.prel for undertaking its administrative activities.


10. RISK MANAGEMENT ,

Capital risk management The Company manages its capital to ensure that it exceeds
regulatory capital requirements and will be able to continue as a going concern while
maximizing the return to shareholders through the optimization of the debt and equity balance.
The Company's risk management structure promotes making sound business decisions by
balancing risk and reward. It promotes revenue generating activities that are consistent with
the risk appetite of the Company, Company policies and the maximization of shareholder
return.

The capital structure of the Company consists of equity attributable to the common equity
holders of the Company, comprising issued capital and retained earnings. The Company's
Board reviews the capital structure at least annually. The Company will manage its capital
structure through the payment of dividends, new share issues and capital contributions.

The Company's strategy is unchanged from 2006.

Operational risk Operational risk is the potential for loss resulting from inadequate or failed
internal processes or systems, human error or external events not related to credit, market or
liquidity risks. The Company manages this risk by maintaining a comprehensive system of
internal control and internal audit, including organizational and procedural controls. The
system of internal control includes written communication of the Company's policies and
procedures governing corporate conduct and risk management; comprehensive business
planning;'effective segregation of duties; delegation of authority and personal accountability;
careful selection and training of personnel and sound and conservative accounting policies,
which are regularly updated. These controls and audits are designed to provide the Company
with reasonable assurance that assets are safeguarded against unauthorized use or disposition,
liabilities are recognized, and the Company is in compliance with all regulatory requirements.

Liquidity risk Liquidity risk is the potential for loss if the Company is unable to meet
financial connmitments in a timely manner at reasonable prices as they fall due. Financial
comnnitments include liabilities to policy holders, suppliers and investment commitments.

The Company manages liquidity and funding risk by ensuring that. sufficient liquid assets and
funding capacity are available to meet financial commitments, even in times of stress. The
Board of Directors oversees the Company's liquidity and funding risk management
framework.


PUBIS


Yor alnc Sees Lga Ntie








/i





Th 0r~bn


ann -.


I-







PAGE 8B, WEDNESDAY, JUNE 25, 2008


THE TRIBUNE


$300,000 settlement needs Film Studios sale


FROM page 1B

agreed in writing to extend the
said Completion Period," the
Consent Order said.
This, in effect, means that
Mr Bethel's group and Mr
Fuller have until August 29 to
close the Bahamas Film Stu-
dios' sale, or the injunction
blocking the deal will be put
back in place.
I In addition, Phoenix Engi-
neering will require confirma-
tion in writing from Bahamas
FilmInvest International's
attorneys that the group will


COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Commercial Division


withhold $300,000 from the
purchase price to settle the
debt it is allegedly owed.
Whether the Bahamas Film
Studios' sale will be completed
by that late August deadline
is open to serious doubt, given
that Tribune Business under-
stands that the Government
has yet to signal its intentions
regarding the 3,500-acre site to
either of Mr Bethel and Mr
Fuller.
Prime Minister Hubert
Ingraham backed down from
his initial threat earlier this
year to repossess the Bahamas
Film Studios' land, which is


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.

F Petition dirqs, gdto-hg0.q af(p;
"__ ton, a Registrar o'e SugrmeCourL.
sitting at ,ai u on the 2fid day of Ju6y, 2008 at 12:00
o'clock in the afternoon, and any creditor or contributory
of the said Company desirous to support ortoppose the
making of an Order on the said Petition may appear at
the time of the Hearing in person-or by his Counsel for
that purpose; and a copy of the Petition will be furnished
by The undersigned to any creditor or contributory of
the said Company requiring such copy on payment of
the regulated charge for same.

Dated this 4th day of June, 2008':

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

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


Crown Land leased to the
development, on the grounds
that Mr Fuller had defaulted
on the original lease terms and
deadlines specified in the
Heads of Agreement.
This was disputed by Mr
Fuller, and the Prime Minister
retreated slightly from his
repossession threat after dis-
covering that a German pro-
duction company was due to
use the Bahamas Film Studios
to film Der Sea Wolf.
Since then, the Prime Minis-
ter has hinted he would look to
revisit the terms of the Heads
of Agreement signed by the
Christie administration in 2003,
on the grounds that too much
land was leased to the
Bahamas Film Studios' initial
founding partners.
There have also been indi-
cations that the Prime Minister


Please be advised that the
offices


and his government are not
overly keen on the deal and
business plan proposed by Mr
Bethel's Bahamas FilmInvest
International group, and are
hoping to receive competitive
bids. The Prime Minister him-
self indicated that Bahamian
filmmaker Cedric Scott, who
is based in Los Angeles, also
remains keen in acquiring and
developing the Bahamas Film
Studios.
Still, Mr Bethel and his
group, who have a signed sales
agreement with Mr Fuller,
remain in the driving seat.
Yet the need to execute a
solution to the Bahamas Film
Studios' situation is becoming
more pressing with each pass-
ing day, given that it forms the
centrepiece of this nation's
infrastructure for attracting
film and TV productions to use


following


this nation.
Tribune Business previously
revealed that the clock was
running down on hopes the
Bahamas and the Film Studios
could entice Disney to film
Pirates of the Caribbean IV in
this nation, as the Grand
Bahama-based facility will
need to be ready to host such a
production by autumn 2008.
The previous Pirates of the
Caribbean films provided a
much-needed economic boost
for Grand Bahama, pumping
some $40 million into the
island at a time when it was


attempting to recover from the
devastation caused in the 2004
hurricane seasonrr.
The April 29, 2008, Consent
Order "revealed that Gold
Rock Creek Enterprises'
attempt to appeal the Phoenix
Engineering injunction was dis-
missed by the Supreme Court
on February 26, 2008.
The company then appealed
that decision to the Court of
Appeal on.March 5, 2008,
before thesettlement agree-
ment was reached. As a result,
the Supreme Court and Court
of Appeal actions were stayed.


NOTICE
NOTICE is hereby given that LIANE DANIELLE COX
of #3 HALLS ROAD, SUNSET PARK, CARMICHAEL
ROAD, P.O. BOX N-10767, 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 18TH day of
JUNE 2008 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.


EMPLOYMENT

OPPORTUNITY

Manager for Superstore:
Must be Self-motivated & Sales oriented
5 years experience required
Fax Resume to: 328-8798
by June 30th, 2008.


NOTICE
NOTICE is hereby given that VIRPI HARTIKAINEN-KEY, P.O.
BOX N-483, 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 18TH day of JUNE,
2008 to the Minister responsible for Nationality and Citizenship,
P.O.Box N-7147, Nassau, Bahamas.


Legal Notice
NOTICE


ROSINA HOLDINGS LTD.



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




ARGOSA CORP. INC.
(Liquidator)



Legal Notice
NOTICE


NAYLA CONSULTANTS LTD.



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




ARGOSA CORP. INC.
(Liquidator)






JBWF


BAHAMAS WELDING & FIRE



TO ALL OUR VALUED




CUSTOMERS


BAHAMAS WELDING

AND FIRE CO., LTD

#70 Wilton Street East







for annual stocking,

Friday, June 27th &

Saturday, June 28, 2008


We apologize for any inconvenience
caused, thanks for your Patronage
throughout the year.


NOTICE


at the usual business hours.


Bahamas First General Insurance
Company Limited
Carib Insurance Brokers And
Agents Limited
Nassau Underwriters Insurance
Agency Ltd.
Moseley Burnside Insurance
Agency Ltd.


We regret any inconveniences caused.


Signed: Management


MIMS E ROYAL FIDELITY C 4"KRAG & ADVISORSE VCES
C F A L
SISX LISTED & TRADED SECURITIES AS OF:
TUESDAY, 24 JUNE 2008
BISX ALL SHARE INDEX: zACLOSE 1.852.73 I CHG 0.16 I %CHG 0.01 I YTD -214.02,| YTD% -10.36
FINDEX: A CLOSE 870.25 I YTD% -8.59% | 2007 28.29%
WWW. BISXBAHAMAS.COM FOR MORE DATA 8 INFORMATION .
52?..-H. .H -Lc,.L a.t1ar Security Pre.'*.us C.:se Toea"C CC.I., ar-g, CDa.Ily Vol EPS S Div S1a .P, E136 ield
1 1 18 Abaco MareLs 1 1 8-1 3,)G 0 135 0.000 136 0 C"
11.80 11.59 Bahamas Property Fund 11.80 11.80 0.00 1.086 0.400 10.9 3.39%
9.68 9.40 Bank of Bahamas 9.43 9.43 0.00 0.643 0.160 14.7 1.70%
0.99 0.85 Benchmark 0.89 0.89 0.00 -0.823 0.030 N/M 3.37%
3.74 3.20 Bahamas Waste 3.49 3.49 0.00 0.209 0.090 16.7 2.58%
2.70 1.42 Fidelity Bank 2.35 2.35 0.00 0.055 0.040 42.7 1.70%
14.10 10.60 Cable Bahamas 14.00 14.00 0.00 1.121 0.240 12.5 1.71%
3.15 2.21 Colina Holdings 2.87 2.88 0.01 20,000 0.046 0.040 62.6 1.39%
8.50 4.80 Commonwealth Bank (SI) 7.28 7.28 0.00 0.440 0.300 16.5 / 4.12%
7.22 3.23 Consolidated Water BDRs 3.55 3.34 -0.21 0.131 0.052 25.5 1.56%
3.00 2.20 Doctor's Hospital 2.90 2.95 0.05 6.000 0.308 0.040 9.6 1.36%
8.00 6.02 Famguard 8.00 8.00 0.00 0.728 0.280 11.0 3.50%
13.01 12.50 Finco 12.50 12.50 0.00 0.650 0.570 19.2 4.56%
14.75 11.79 FIrstCaribbean Bank 11.79 11.79 0.00 0.651 0.470 18.1 3.99%
6.10 5.05 Focol (S) 5.55 5.55 0.00 3,050 0.386 0.140 14.4 2.52%
1.00 1.00 Focol Class B Preference 1.00 1.00 0.00 0.000 0.000 N/M 0.00%
1.00 0.41 Freeport Concrete 0.44 0.44 0.00 0.035 0.000 12.6 0.00%
8.00 6.79 ICD Utilities 6.79 6.79 0.00 0.411 0.300 16.5 4.42%
12.50 8.60 J. S. Johnson 12.00 12.00 0.00 1.023 0.620 11.7 5.17%
10.00 10.00 Premier Real Estate 10.00 100 0 000 0 180 0000 55.6 0.00%
Fidelity Over-The-Counter Securliles
5;-k HI 52n -Lo BSe>mbc.,l B. 0 i Ask z Last Price .'deely '.'o. EPS S Div 5 P E Veld
1460 14 25 Banamas Sapermrarels 14'6 1,5 86l 1.1 0 I 180 0 600 13 1 011:3
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0 54 0 20 RND Holdings 0 35 0 40' 0 35 -0 023 0 000 N'M 0 00':
ColHne Over-Tne-Couriter Becurille.
41 00 41 00 ABDAB 1 0. -13 00 41 ** 4450 2750 90 :
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 0.900 13.4 6.16%
0.55 0.40 RND Holdings 0.45 0.55 0.45 -0.023 0.000 N/M 0.00%
BISX Llated Mulual Funds
-2A .l-i 52A-.L.. Fund Na-.e NA ", C LaL t 1; I F1,r.r.r.s D-.S Yeld: ;
1.3152 1.2485 Colina Bond'Fund 1.315228.** 1.58% 5.47%
3.0008 2.7399 Colina MSI Preferred Fund 2.998763"- -0.07% 8.13%
1.3940 1.3461 Colina Money Market Fund 1.394008".... 1.38% 3.82%
3.7969 3.2920 Fidelity Bahamas G & I Fund 3.6707*-*. -3.32% 14.65%
12.2142 11.6049 Fidelity Prime Income Fund 12.2142*** 2.35% 5.73%
100.0000 100.0000 CFAL Global Bond Fund 100.00*
100.0000 98.2100 CFAL Global Equity Fund 99.956603" -0.04% -0.04%
1.0000 1.0000 CFAL High Grade Bond Fund 1.00**
10.5000 9.6346 Fidelity International Investment Fund 10.0060-* -4.70% -4.70%
1.0039 1.0000 FG Financial Preferred Income Fund 1.0039.....
1.0038 1.0000 FG Financial Growth Fund 1.0038.....
1.0038 1.0000 FG Financial Diversified Fund 1.0038*....
. .. Market Tern NA.V. Key
6-S, -L- 5- IM lCa -. . . . ... .*-. J. 1i.. 0 i -..I I., -: :* ;-:.3
52wk-Ht Highest closing price In last 52 week Bid $ Buying price of Colina and Fidelity *" 31 December 2007
52wk-Low Lowest closing price in last 52 weeks Ask S Selling price of Colina and fidelity **. 30 May 2008
Previous Close Prevlous day's weighted price for daily volume Last Price Last traded over-the-counter price .. 31 April 2008
Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week ..* 30 April 2008
Change Change In closing price from day to day EPS S A company's reported earnings per share for the last 12 mth ...... 13 June 2008
Daily Vol. Number of total shares traded today NAV Net Asset Value
DIV 5 Dividends per share paid in the last 12 months N/M Not Meaningful
PIE Closiang price divided by the last 12 month earnings PINDEX The Fidelity Bahamas Stock Index January 1, 1994 =- 100
(S) 4-for-1 Stock Split Effective Date 81/82007
TOTyAi CALL- CFAL 242-6Q2-7010 I FIDELITY 242-3 6-7764 [ FG CAPrTAI MARKETS 2.4-3 -4000 | FOR MORE DATA & INFORMATION CALL 242-.34- 2501
I






THE TRIBUNE


Technology firm




to launch online




shopping facility


MODE Technologies, with
the support of the Bahamas
Chamber of Commerce, will
launch its 'Blueconch.com'
Bahamian Online Shopping
Marketplace on Monday, June
30.
The launch, which coincides
with the company hosting a
Bahamas E- commerce semi-
nar, will showcase an online
facility with free door-to-door
delivery within the Bahamas.
In a statement, Mode Tech-
nologies said it will give
Bahamians the opportunity to
shop at home or work, through
online services, that will bring
Bahamian products to their
doorstep with the convenience
of a click of a mouse.


The seminar is scheduled for
Monday, June 30, at the Wyn-
dham Nassau Resort and Crys-
tal Palace, lasting from 6-8 pm.
Participants will learn the
basics of e-commerce and
doing business on the Internet.
The seminar will also educate
the business community on
selling products online in the
Bahamas, and provide con-
sumers with information on
online shopping, security and
credit card fraud.
Speakers include:
Philip Simon, executive
director, Bahamas Chamber of
Commerce
Sidney Collie, minister of
land and local government


Zhivargo Laing, minister
of state for finance
Dr. Sasi Padmanaban,
director of IT (Mode Tech-
nologies)
Along with the above speak-
ers, panelists for the Q&A ses-
sion include Rowena G. Bethel
- legal advisor (e-commerce
Law), Ministry of Finance, and
a representative of the Bank
of the Bahamas.
Mode Technologies is a
Bahamian-owned and operat-
ed company, bringing global
IT experience, quality and ser-
vice. It is an official vendor of
the Bahamas Government and
a member of the Bahamas
Chamber of Commerce.


You are Cordially Invited to
The Bahamas Chamber of Commerce

MEET THE MINISTER

FORUM




Thursday, June 26th, 2008
8:00amri-1:00pm
Sandals Royal Bahamian Spa Resort
& Offshore Island
The Balmoral Ballroom

Please R.S.V.P. by Monday, June 23rd, 2008
Contact Ms. Antoinette Butler Tel: 322-2145
Email:events@thebahamaschamber.com
I Dress:Business Attire
Valet Service Available


THE HON. BRENT
SYMONETTE, DPM
FOMUNM AFFiP
THE HON. CARL
BETHEL MP
YPIJTH. w4PORTi

THE HON. DR.
HUBERT MINNIS, MP


SEN. THE HON. ELMA
CAMPBELL, MP


I Sponsored b


THE HON. ORVILLE
(TOMMY)
TURNOQUEST, MP

THE HON. A. KENNETH
RUSSELL, MP
hPVP 4 NATIPW

SEN. THE HON. DION
FOULKES, MP
MARI4TMF FAP A

THE HON. BRANVILLE
MCCARTNEY, MP
TPP14M &AIATIJ0


5A4*4.
of4i"gg


SEN. THE HON. CLAIRE
HEPBURN, MP

THE HON. SIDNEY
COLLIE MP
l A W@@* ,

THE HON. ZHIVARGO
LAING, MP

THE HON. PHENTON
NEYMOUR, MP
TRAWF@fT


BWLI;Mmt
I -AI e' .


. I.





' *._ '.
. .- :


+


WEDNESDAY, JUNE 25, 2008, PAGE 9B






PAGE lOB, WEDNESDAY, JUNE 25, 2008 THE TRIBUNE


POSITION AVAILABLE



Applicant must have demonstrated experience and ability
to develop new business for non-resident, high net-worth
market.
REQUIREMENTS:
Excellent knowledge of private banking products and
services; fluency in English, Spanish and any other language
skills would be an asset; 10 years' private banking &/or
professionally-oriented client services role; knowledge of
Bahamian regulatory requirements; university degree and/or
related professional designation.
DUTIES:
Marketing of private banking and portfolio management
services extensive traveling; acquisition and development
of new clients.
Compensation will be commensurate with experience.
Interested applicants must submit applications to:
Human Resources Manager,
(Re: Client Relationship LC Position),
P.O. Box SS-6289,
Nassau, Bahamas
by 30th June, 2008 or fax to (242) 393-1161


10


01201/195 KS i Aal ^,.. i sk


*1^iS Esvaiastabihedssciatt.isst -
Established M-59'.
-. 7
-a - *l .- --
-"- ~~~~--- ---- li:-[i :


. ,- -. ",

IAt


Wjin prizes fsi'ort ri






Spend $30 in fuels or $10 in C-Store and you will get an entry
form. Fill out the entry form and drop it into the boxes provided for
your chance to win prizes for trips for 2 to one of five exciting
destinations around the World:


1 Christ Redeemer Brasil, Brazil

2 Machu Picchu, Peru

3 Colosseum, Italy

The Pyramid at Chichen Itza, Mexico


5-


The Great Wall, China


Terms and Conditions Apply. See entry form for details


We' re drivers too.


Real

Estate

Registrar

named

A TWO-term past president
of the Bahamas Real Estate
Association (BREA), Patrick
Strachan was congratulated on
his appointment as the
Bahamas Real Estate Regis-
trar by William Wong,
BREA's current president.
Mr Wong said: "Mr Strachan
is one of the most qualified
realtors in the Bahamas, with
the designations CRS (Certi-
fied Residential Specialist);
CRB (Certified Residential
Brokerage Manager), GRI
(Graduate Realtor Institute),
CRRA (Certified Residential
Real Estate), CIPS (Certified
International Property Spe-
cialist);
"With these qualifications
and his experience as a past
BREA president, the associa-
tion's executive board was
unanimous in recommending
his appointment as Registrar".
Mr Strachan succeeds Wen-
dell Seymour, who served as
Registrar of Real Estate for
the past seven years.




I SIGHT




IFo e i


Share
your
news

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


FBUSINES


PAGE 10B, WEDNESDAY, JUNE 25, 2008


THE TRIBUNE