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The Tribune
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Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00084249/01078
 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: July 18, 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: UF00084249:01078

Full Text





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Victims

'stalked,

raped at

gunpoint-

by bisexual

attacker'
* By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net
FREEPORT A bisexual
serial rapist is on the loose in
Grand Bahama, where victims
are reportedly being targeted,
stalked and raped at gunpoint
in their own homes. '
The crafty attacker is said to
take a number of precautions
to avoid leaving behind any
forensic evidence, and investi-
gators are said to have no real
leads at this point.
According to unconfirmed
reports, three persons have
already fallen victim to the
rapist in the last two weeks -
two women and a 14-year-old
boy.
The police did not mention
the matter in official reports,
SEE page 10


* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
THE spot of Wednesday's
fatal police training exercise -
where Corporal 2453 Desmond
Burrows drowned was a bad-
ly chosen and dangerous loca-
tion, a swimmer claimed yes-
terday. e
Jason Rahming, 39, an elec-
trician with the Ministry of
Works, told The Tribune yes-
terday that he is a regular swim-
mer, and often follows the route


Irfr


along the Goodman' s Bay
beach.
"There are a lot of big under-
water craters in that area. You
can suddenly drop and have
four to five feet of water above
your head," he said.
Mr Rahming explained that
it is easy to get stuck in the
craters with your feet.
"Sometimes it can take you
a while to get free. If you are
not a strong swimmer then the
situation can turn serious," he
said.
Mr Rahming said he believes
that the police did not suffi-
ciently research the suitability
of the area prior to the firearms
training exercise.
.He is now calling on the
authorities to mark the places
where these craters can be


M -oFV I
PETER OUTTEN, Jason Rah-
- ming and Demeko Musgrove,
nephew of one of the injured
officers, went out yesterday
to the area where the incident
took place.
found in the water to protect
unsuspecting beach-goers and
swimmers.
"These areas should be
blocked," he said.
Police yesterday had not yet
determined if all of the officers
who participated in Wednes-
day's fatal firearms training
exercise were able to swim.
The training exercise, which
was conducted in the afternoon
at Goodman's Bay, resulted in
the death of Corporal Burrows,
a 13-year veteran employed in
the police's criminal records
SEE page 10


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Troyniko



McNeil



'could be



Set reet'


TROYNIKO McNeil, a "per-
son of interest" in the Harl Tay-
lor murder case, is reportedly
scheduled to appear before a
US court today after which he
could be set free to. return to
the Bahamas.
A source.close to the matter
told The Tribune yesterday that
McNeil's family hopes he will
finally be set free after being
held by US police for more than
two weeks.
According to the source, a
Florida court has ordered that
evidence be presented to justify
the continued custody of
McNeil.
McNeil, formerly a resident
of the Kennedy subdivision, is
reported to have gone to Flori-
da in December to attend
school.
Last month Bahamian police






N By NATARIO
McKENZIE
FOR the family of 22-
year-old Trevonne McKin-
ney, justice was served yes-
terday when the man con-
victed of stabbing her to
death was sentenced to life
imprisonment.
In May, Michael Byron
Simmons, 23, was found
guilty of manslaughter in the
stabbing death of his former
girlfriend, Trevonne McK-
inney, 22, with whom he had
a daughter.
The deceased, who was
the daughter of broadcaster .
Steve McKinney, was
stabbed multiple times in
Wilson Tract on Sunday,
March 4, 2007. She died in
hospital the following day.
Simmons also known as
"Kaz" had initially been
SEE page eight


released a photo of 21-year-old
McNeil, describing him as
"armed and dangerous."
The source claims that as
soon as McNeil learned that he
was %%anted for questioning in
connection with the November
2007 murder of the handbag
designer, he made plans to trav-
el back to the Bahamas to speak
with police to "clear the air."
However, his Bahamian pass-
port had expired, the source
claimed, and McNeil applied to
the consulate office in Miami
for a renewal in order to be able
to travel to Nassau.
McNeil was picked up by US
police just seven days after his
photo and details were released
to the public by police.
It is understood he was ini-
tially taken into custody in the
US on matters related to immi-
gration violations.
"He overstayed his stay.
Maybe now when he gets
released he can come back to
Nassau and police can meet him
at the airport," the source said.
The source said McNeil's
SEE page eight

$700,000 of
marijuana is
seized by DEU
* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
OFFICERS of the Drug
Enforcement Unit yesterday
conducted a major drug bust off
the coast of New Providence,
capturing $700,000 worth of
marijuana.
Police arrested two men after
confiscating 6811bs of marijuana
on a go-fast boat in an early
morning exercise.
Acting .on information from
members of the public, the
DEU officers and the depart-
ment's maritime unit set out to
capture a suspected drug smug-
gling vessel.
SEE page eight


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* In brief Murder prompts call for stronger

Environmentalists


sue federal govt

over pollution
* WEST PALM BEACH,
Fla.
FIVE environmental
groups have sued the fed-
eral government, claiming
the U.S. Environmental
Protection Agency is vio-
lating the Clean Water
Act, according to Associat-
ed Press.
The federal lawsuit filed
Thursday in Tallahassee
claims the agency has
failed to set standards for
fertilizer runoff and other
farm waste that is polluting
Florida's waterways.
Earthjustice attorney
David Guest says he hopes
a favorable ruling will
force the EPA to set
national standards. Guest
is representing the plain-
tiffs.
The groups say rain
sends the runoff into rivers
and lakes, contaminating
waterways and nourishing
algae blooms that poison
the ecosystem.
The EPA did not return
telephone messages. Flori-
da says the state is still
studying ways to set such
limits.


police presence on Farmer's Cay


Residents fear 'city violence'

will spread into communities


* By TANEKA
THOMPSON
Tribune Staff Reporter
tthompson@
tribunemedia.net
THE murder of Antonius
Brennen and a reported
increase in petty crimes on
peaceful Farmer's Cay has
residents calling for a
stronger police presence on
the cay and its surrounding
areas.
As the construction indus-
try flourishes on privately
owned cays near Farmer's
Cay and nearby Staniel Cay
and Black Point, residents
fear "city violence" will
spread into their quiet com-
munities.
"On July 9, 2008 we had a
tragic wake up call in our
peaceful community.
"It was a horrible awaken-
ing (when we) realized that
murder can happen any-
where; whether in the city or
a secluded cay," Farmer's
Cay resident Kim Tyler said
in an e-mail sent to The Tri-
bune yesterday.
"The cays are being devel-
oped daily and employment is


developments in the area are
to blame for the incidents and
are "giving the Cay a bad
name".
"I'm very concerned ... I
would like to see more police
presence senior police, not
these young fellas they send
down here, because the peo-
ple aren't afraid of them.
"We have a police living
here but there's not a station.
"We are hoping that in the
future the government will
seek to build another struc-
ture and make that into a cell.
. Rather than having to take
(suspects) to Black Point
which is 11 miles away," he
said.
Residents of Farmer's Cay
say there is also a need fora
permanent doctor on the
island to eliminate the need
for the sick to travel miles by
boat or air during an emer-
gency.
According to locals, one
nurse is stationed on the Cay
while a doctor comes down
"once a month"' from George
Town, which is 22 miles
away.
Brennen, reportedly from
Nassau, was stabbed once in
the chest during a fight with
another man on July 9.-

TOIC AL
EXTERMINATORSII~III ~bi
FORPET' POBEM
PHNE I 225


Ml IiHtLL I Hn I UN, 12, is me youngest performer snowcasing
junkanoo and Bahamian culture in the United Kingdom.


* By LLONELLA GILBERT
LONDON Mitchell
Thurston, 12, is the youngest
Bahamian performing in the
backline junkanoo tour, which is
appearing at various festivals and
sites throughout the United King-
dom.
Since this is a backline tour,
the main focus is the music and,


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the musical instruments of
junkanoo; but the costumes are
still vital to the performances.
Mitchell, though young, is a
veteran junkanoo artist, having
performed with Barabbas and
the Tribe since he was 11 months
old.
His father, who is alsoper-
forming in London, is a member
of the same group and plays the
same instrument as his son -
called 'the scraper'. This does not
bother the son, as he loves having
the same interests and spending
lots of time with his father.
"People sometimes ak iiae
why tarn' always VWith daddy,
but someday he will not be there
for me, so I love being with him,"
explained the seventh grader who
attends St Anne's High School.
Mitchell was not originally
scheduled to participate, but he
asked Quentin "Barabbas"
Woodside, who had the task of
handpicking the individuals for
the group, to allow him. to take
part.
"I had never beeni on a trip
representing junkanoo, so I asked
and he give me a chance to rep-
resent my country," Mitchell said.
The talented performer has alsO
travelled with the Bahamas
National Children's choir tb
Africa, Russia and the United
States.
While the other members "f
the group were sponsored by the
Arts Council of England,
Mitchell had to find his own
sponsorship. But with the help
of family, friends and his parent'
co-workers, he is promoting
Junkanoo in the United King-
dom.
Mitchell said while the group is
having fun, they are also acting as
ambassadors for the country. He
pointed out that he has met indi-
viduals who had the misconcep-
tion that the Bahamas was a part
of the United States.
After feeling the excitement
of junkanoo and interacting with
the group, many have expressed
an interest in coming to the
Bahamas.
"They are amazed; they are
like: 'what is this thing called
Junkanoo', 'where do you get all
this energy', what do you make
the drums out of?' People say
they want to come to the
Bahamas for their next vacation
or they want to come and see
Junkanoo in the Bahamas," he
said.


on the rise with our young
men.
"In order to protect our
tourists and residents alike;
an increase of police officers
should be mandatory set in
place on all three developed
cays".
According to locals, there is
only one policeman stationed
on Farmer's Cay on a month-
ly rotation from Georgetown,
Exuma.
Leon Bain, the oldest per-
son on Farmer's Cay and pas-
tor of St Mary's Union Bap-
tist Church, is another resi-
dent calling for a larger police
presence: "That murder got
everybody stunned, some-
thing like that never happen
around here before.
"Since then I've been told
there were three break-ins
and one robbery since the
murder happened."
He claims contract workers
from the capital working on


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THE TRIBUNE


PAGE 2, FRIDAY, JULY 18, 2008








THE TIBUNEFRIDA, JUL 18, 008, AGE


o In brief


Support for

health care

accountability

petition is

growing

333 have signed
so far; the number
is increasing daily

BY CAPUCINE DAYEN
SIX years after the death of
her 42-year-old brother, lawyer
Leandra Esfakis is still battling
for transparency and account-
ability in the. delivery of health
care. ,
She, founded the Bahamas
Patient Advocacy (BPA), and
in early July launched an online
petition "to alert the public to
the'need of health care regula-
tigns,'because it is a matter of
life and death."
So far, she obtained 333 sig-
natures and daily the numbers
continue to grow. Ms Esfakis
said: "The increasing numbers
and the comments attached
show that more Bahamian peo-
ple are becoming aware of what
isat stake."
Ms Esfakis explained that the
petition has two objectives:
Toeducate citizens and res-
idents of the Bahamas, as to
what their existing rights are
under the current health care
legislation.
To empower people to
become pro-active in the
defence of health care regula-
tion to improve patient survival
rates.
"It is our responsibility to
hold our MPs and government
accountable on this issue, to
enforce and enhance those laws,
not to revoke them," she said.
In 1998 the Hospitals and
Health Care Facilities Act was
introduced by parliament. It
requires all deaths that occur in
private hospitals and clinics to
be properly documented and
investigated to the appropriate
authority,-. a licensing board
was also set up by the Act.'
But, according to Ms Esfakis,
"this does not happen and the
chairman of the Hospitals
Board says this provision is
'antiquated' and the board
wants it revoked. If we have
health care regulations, we need
a board which will enforce those
regulations and if anything,
improve on what there is."
She believes that even though
health care facilities are private
enterprises and their goal is to
turn a profit, "neither profit nor
profession puts people above
the law and certainly not the
fundamental laws which protect
the right to life. Health care
facilities offer services which
give them the power of life and
death over their patients. There
is no greater power one human
being holds over another. Our
government has an obligation
to protect the lives of all per-
sons in its jurisdiction. This
includes the lives of those in jail,
in the detention centre, in cus-
tody, or in hospital."
Ms Esfakis noted that in its
correspondence with her over
the last four years, the board
said that it was looking at
amendments to the Act. The
board said amendments were
required to enable it to investi-
gate the formal complaint about
her brother's death in a private
health facility, submitted in
April 2005.
However, in May 2008, a
board member was reported as
saying that, "the board did not
want to be bothered with inves-
tigations of complaints."
Ms Esfakis told The Tribune
that she "would like to think
that this is not the case, and that
the board remains committed
to the public interest that is
why they are appointed."
She believes all Bahamians
need to understand that amend-
. ments.could enhance the func-
tions of the board, and ulti-


: mately patient survival rates.
Her fight is for "this govern-
ment, to bring the proposed
amendments out into the sun-
shine, so that we, the patients,
Whose lives are at stake, can
have input into any regulatory
*regime intended for our health
. and safety."
The petition can be found at:
www.petitiononline.com/les-
- fakis/petition.html



PesCo trol


Ambulance chief defends



his drivers' response to



Goodman's Bay drama


* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
THE head of Ambulance Ser-
vices is refuting allegations that
his drivers took half an hour to
respond to the police officers in
distress at Goodman's Bay on
Wednesday.
Paul Newbold, director of the
National Emergency Medical Ser-
vices, told The Tribune yesterday
that his department received the
initial call from the police con-
trol room at 3.20pm. An ambu-
lance was dispatched at 3.23pm
and it arrived on the scene at
3.30pm. It was en route to the
hospital at 3.40pm, said Mr New-
bold.
The second ambulance was dis-
patched at 3.27pm and was on the
scene at 3.35pm, according to Mr
Newbold. It was en route to the
hospital at 3.54pm, arriving at
4.01pm.
Mr Newbold's explanation of
the response of his department
comes after numerous witnesses
on the scene complained that
ambulances took a long time to
arrive and assist the officers in
distress. Corporal Desmond Bur-
rows drowned in the incident.
Police and witnesses said that
the 31 officers who were on a
firearms training course fell into
distress in shallow waters off
Goodman's Bay at around 3pm.
They were doing maneuvers in


*I
0:-
I


waist deep water when a large
number of them were either
pushed out in strong currents or
fell into a sink hole.
Jet ski operators and other
swimmers on the beach had to
assist in the rescues effort, which
included pulling at least two offi-
cers from under the water.
Around 10 officers were eventu-
ally taken to hospital, some to
Doctors and others to PMH for
treatment.
If the accident occurred at
.around 3pm, and EMS did not
receive the call until 3.20pm, then
there was some delay in making a
call to emergency personnel by
those on the scene.
Mr Newbold said that when
accidents occur, people in distress
can get caught up in the situation
and fail to call emergency per-
sonnel for help imm ediately.
He added that the Bahamas
uses the same comp uterised dis-


patch system as is used in the US.
"And when you call 911 or 919
the police of course answers and
says 'what is your emergency',
and if you say it's something med-
ical they hit a function key and
the person sitting next to them,
who is an emergency medical dis-
patcher takes it from there. And
all of that is on tape," he said.
Dispatchers, said Mr Newbold,
are trained to begin treatment
over the phone by advising those
in need, for example, how to do
CPR or even deliver a baby, while
the emergency personnel get to
the scene.
The EMS staff also receives
training in Florida, added Mr
Newbold, while teams from the
US occasionally come over to rate
the operation here in the
Bahamas.
There are 12 EMS ambulances
in New Providence.


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* COURT SHORTS

Woman charged with breach

of shop, liquor licence laws
CLAUDIA Loristan, 39, of Pinedale, Eight Mile Rock, was formally
charged in the Eight Mile Rock Magistrate Court on Tuesday morning
on charges of breaching the Shop Licence Act and the Liquor Licence
Act.
She was arrested last Wednesday when police officers executed a
search warrant on her home and seized a large quantity of grocery
items, alcoholic beverages and soft drinks, which were being offered for
sale to the public without her having the licence to do so.
She pleaded guilty to both charges before Magistrate Gwen Claude
and was fined a total of $400 or six months imprisonment.
The court also ordered that the confiscated grocery items and soft
drinks be given to St Stephens Anglican Church and the Mount Zion
Baptist Church.

Man jailed for robbery, assault
HENSLEY Sands, 25, of Jones Town, Eight Mile Rock, appeared
before Magistrate Gwen Claude on Tuesday to face two criminal
charges.
The prosecution alleged that on Friday, June 26, Sands violently
attacked and robbed Shirley Williams of $400 and other personal
items as she was about to enter her house on Bartlett Hill, Eight Mile
Rock. He pleaded guilty to this charge and was sentenced to three years
at Her Majesty's Prison.
Sands also faced a second charge of causing grievous harm to Ben-
jamin Bain on Wednesday, June 2.
Mr Bain reported to the Eight Mile Rock police station that he
was on his way home in Jones Town at around 4am that day, when the
defendant, along with another man, pelted him with rocks.
This resulted in Mr Bain being struck in the head and body, knock-
ing him unconscious. He was taken to the Rand Memorial Hospital for
treatment. Sands also pleaded guilty to this charge and was sentenced
to one year at Her Majesty's Prison.


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FRIDAY, JULY 18, 2008, PAGE 3


THE TRIBUNE








PAGE 4, FRIDAY, JULY 18, 2008


ai
EIOI AUETER T- T -:" EITOR
*1 -7


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

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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



Haitians not the only 'Briland problem


ON TUESDAY The Tribune published
complaints from Harbour Islanders that
the number of Haitian immigrants contin-
ues to "multiply uncontrollably" on their
small three-mile long island. They say the
community and the government are to
blame.
"We house them, we hide them, our
women have their children," said a 'Briland
businessman.
Talking with several Bahamians yester-
day who for many years have been fre-
quent visitors to Harbour Island nothing
has changed at that island. There have
always been a lot of Haitians, they said.
"If the authorities wanted to catch them, all
they had to do was meet the ferry every
morning from Eleuthera when both
Bahamians and Haitians come across to
go to their jobs in Harbour Island."
Said one of the Nassauvians and her
friends agreed Harbour Islanders are
very different people, unlike most Bahami-
ans.
"You will find," she said, "they repre-
sent two extremes -those who work hard
and those who don't there's no in
between withthiem?' ..'
Most also lack ambition. "For exam-
", one of htem said, "if a young man is
paid' to paint a house, once he's paid,
he will sit down and live off that $500 until
it runs out. He might then get up and paint
another house, and so on it goes." In other
words, he lives from one small job to anoth-
er, taking extended vacations in between.
.He makes only enough money to keep
body and soul together, completely lacking
in initiative or desire to try to improve his
condition.
If there is a Haitian problem on that
island, she said, then it is the fault of the
Harbour Islanders who refuse to work.
Nothing would get done, she and her
friends maintain, if it were not for the
Haitians.
She, her family and friends were in Har-
bour Island for the Independence celebra-
tions. They described the colourful festiv-
ities. The locals were all decked out in
their bright shirts, waving their flags and
generally having a good time.


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"But the next morning," said the Nassau
visitor, "you should have seen the filth.
Debris all around from the night before.
They were celebrating their freedom, their
independence, but they are completely
lacking in pride."
It would be no problem, said these
Bahamians from Nassau, for the 'Briland
locals to keep their island clean, but most of
them seem to have no interest and appar-
ently see no need to make the effort to
either care for or improve their surround-
ings. Obviously that is why Haitians are
needed to pick up after them and do
the menial jobs that local 'Brilanders refuse
to do. At least Haitians are steady workers
and don't take time out between bouts of
limited exertion.
However, the Nassau group noted that
'Briland women appear to be the workers.
They could not say the same for the men -
in their opinion most of them are idle.
The Nassau visitors thought that many
of 'Briland's children are a major problem
- unruly and rude. They described a scene
on the night of the celebrations when a
group of young boys just entering their
teens fought among themselves and gen-
erally behaved like little savages.
They were shocked at how young some
of the boys are who ogle women and pass
sexually suggestive remarks about their
bodies. They were particularly alarmed to
overhear a young teenage boy instructing a
five year old in the crude art of assessing
the physical attributes of young girls.
One of the visitors said that when her
children were smaller, she would let her
daughter and her male cousins sit out on
the dock and fish. However, that had to
be stopped because as her daughter grew,
local boys started to harass both her and
her cousins.
In, other words, in the view of the group
from Nassau, the problems at Harbour
Island are the locals, not the Haitians.
If the locals measured up, there would
be no need for Haitians. That is the opinion
of outsiders all Bahamians looking in.
It is now up to 'Brilanders to examine
themselves and if found wanting to change
their value system and their attitude to life.


THE TRIBUNE


1hy we must




always put




Bahamians first


EDITOR,, The Tribune.
PLEASIE allow me some space
in your valuable newspaper to
express mty point of view on a
topical Bahamian issue.
There are those who claim that
-in a modern age of growing glob-
alisation, internationalism and.
multicultural education the
Bahamiainisation policy is irrele-
vant. Further, it is believed that
the force: of international and
industrial conglomerates may
prove to be just too powerful at a
time when third world countries
like the JBahamas depend upon
foreign investors.
Howev er, the government can
still make the Bahamianisation
policy anm effective measure for
building .a better Bahamas, pro-
vided it has the political interest
and will to implement the policy
fairly, completely and consistent-
ly. A balanced approach that
allows for career advancement
for Bahamians, sustained eco-
nomic development and reason-
able profits proprietors should be
an arrangement that is acceptable
by all concerned parties. Interde-
pendence is clearly a part of the
Bahamianisation policy.
The question is: How are we
to provide prospective jobs in this
small cormntry without some form
of protective mechanism? The
reality is that thousands of stu-
dents out of high school and
Bahamian graduates from the
College of The Bahamas, Success
Training College, Bahamas Bap-
tist Comnmunity College and
Omega College are looking for-
ward to staying in The Bahamas
to work and to further develop
their car eers.

EPA education
EDITO]R, The Tribune.
COMMON Cause, a non prof-
it and n on governmental civic
organisa tion, is extremely pleased
that the signing of the proposed
Economic Partnership Agree-
ment between The European
Union and CARICOM nations,
inclusive of The Bahamas, has
been delayed and pushed back.
The collective voices of the
people of The Bahamas and the
Republic of Guyana have been
heard. Both the ruling FNM and
the opposition PLP seemed to be.
entrenched on their position of
approval for the proposed agree-
ment. This, despite the lack of
information supplied to the pub-
lic and. the scarcity of consulta-
tions with the average citizens of
The Bahamas and Guyana, would
have been a gross disservice to
our peoples.
Common Cause is not against
trade agreements but the gov-
ernment of this country must be
in a position to spell out all of the
advantages and the disadvantages
to Bahamians. The government
cannot just adopt the posture that


How about the thousands of
Bahamian students abroad who
are excited about coming back
home for employment and to
make a contribution to national
development? To what extent are
we losing them? In fact, many
received scholarships on the basis
of national needs and a commit-
ment on their part to come back
to fulfil such needs. We should
not disappoint them. Also, most
of our college graduates both
here and abroad have to make
loan payments.
How are we to protect our chil-
dren's birthright, if we do not put
in place a measure that says: The
Bahamas is for Bahamians first
and vigorously enforce it. Unfor-
tunately, there are too many
'Jacobs' in the land subtle, con-
spiratorial and manipulative for-
eign employees who are masters
at taking from the natives and
establishing themselves and their
kinsfolk in the land.
Further, some feel that their
expertise and experience will
always make room for them in
this country, having no regard to
sustainable national development.
It appears that they circumvent
certain rules, regulations and poli-
cies during their work permit
period until they position them-
selves to apply and receive per-
manent residence status.
Now, there is a significant num-
ber of law-abiding and helpful
foreign workers in this country


al
wi
tio
th
M
to
an
al
m
go
th
pa
th
co
re
lo
sti
we
se
th
te
ag
ye
vi
Y
w.
in
agc
to
lia
tu
an
we
on


who are making tremendous con-
tributions even on a charitable
basis. However, there are still
those who are here taking bread
out of the mouths of hundreds of
ambitious and hardworking
Bahamians. They know that it's
better in the Bahamas so they try
every trick in the book to stand in
the way of our people acquiring
the necessary training for upward
mobility in the work place and
surprisingly, even in some reli-
gious organizations.
A cursory examination of the
job advertisements in the local
dailies coupled with checking the
Department of Labour and Immi-
gration and making a few phone
calls at private companies will
reveal much shady business going
on. We must not only be educat-
ed about our rights and privileges
under the Constitution, the gen-
eral laws and Bahamianisation
policy but also how the immigra-
tion system works for the benefit
of all Bahamians.
For this reason, legal educa-
tion, including immigration and
.international law, should be
taught in our schools.
Could you imagine what
opportunities would be embraced
by ordinary Bahamians if they
knew just how the system works
at the Departments of Immigra-
tion and Labour? Maybe we all
would find out how easy it is for
foreign persons to take 'we things'
and when things go bad how easy
it is for them to run home or fly
away to the land of the free and
the home of the brave.
PERRY R CUNNINGHAM
Nassau,
July 8, 2007.


information badly needed
1 who may dare to question its Even Minister Laing does not
isdom is unpatriotic or obstruc- always seem to know what he is
onistic. .. talking about, with all due
Minister of State for Finance, respect. Once the services por-
ie Hon Zhivargo Laing (FNM- tion of the EPA is executed, our
[arco City) has not done enough. national borders.-wilkbecome
Educate and convince Bahami- even more porous than they are
is that it would be in our nation- now. The Bahamas will be flood-
interest to sign onto this volu- ed with all manner of Europeans
inous draft agreement. and Caribbean nationals. While
To add insult to injury, the this may result in lowering the
)od minister was seen and heard costs of labour for many Bahami-
.e other day suggesting to his an business ahd professional firms
parliamentary colleagues that (accountants; lawyers; doctors
iey should hold forums and and bankers), we fail to see how
immunityy meetings in their this would help an already
,spective constituencies to dia- depressed labour market.
gue with and to educate con- The vast majority of Bahami-
ituents! Yet, he and the FNM ans are not yet ready for first
ere proposing to sign off on the world status, even if we pretend
rvice aspect of the EPA before otherwise. Dog would eat our
e end of July, 2008? lunch and, if possible, ourselves,
MP's are badly seised of the in the process. We have already
rms and conditions of this signed off on the proposed trade
agreement and the cabinet has clauses of the EPA. Common
;t to receive a draft of the ser- Cause submits that this, in and of
ces clauses in that agreement. itself, is enough to meet, if not
et, Minister Laing, seemingly, exceed, the expectations of our
as up and down the country try- international trading partners.
g to sell us an incomplete pack- Hopefully, Minister Laing and
;e by saying that even if we were his allies, both inside and outside
sign off on the EPA that Par- of government will now go back
iment would still have an oppor- to the drawing board and extend
nity, after the fact, to debate the common courtesy of educat-
id, possibly, reject that which ing and informing Bahamians of
e would have already signed the subtle and arcane hidden
nto. Save for certain types of snares in the EPA, as proposed.


seafoods (conchs' and lobsters);
rums and plastics, what would
Bahamians receive in exchange
for giving up our sovereignty?


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THE.TRIBUN FRIDA JU 28 PE


o In brief

Ambassadors
to tout benefits
of CSME
Fourteen CARICOM Youth
Ambassadors (CYAs) returned
to their respective territories on
Tuesday, armed with the skills
and information to promote the
CARICOM Single Market and
Economy to their peers and to
encourage active participation.
On Monday, the youth advo-
cates representing 13 countries,
participated in a workshop organ-
ised in collaboration with the
CSME Unit at the Jolly Beach
Resort in.Antigua to explore how
persons could make a living and
move capital within the CSME.
They also reviewed the art of
public speaking and gained
insight into the critical role played
by the media in helping to keep
the populace informed.
Most ambassadors considered
the creation of youth friendly
messages and the drafting of a
regional youth advocacy network
as the highlight of the one-day
session.Dean of the CYA Corps
Donna Greene stated that the
meeting was "extremely useful"
as it addressed the current state of
the CSME and the way forward.
She called for more intra-region-
al trade among member states
noting that this would improve
self sufficiency and limit the
impact of external factors, such
as rising food prices on Caribbean
economies. Antigua and Barbu-
'da's Minister of Finance and
Economy Dr Errol Cort agreed
with Dean Greene and explained
that young people had a critical
role to play in ensuring the suc-
cess of the CSME. Dr Cort stated
- that while the implementation of
the policy had been lengthy, a
deliberate pace was necessary to
ensure that all groups and classes
could take advantage of the
opportunities created.


Turnquest hails successes


in drug

* By PAUL G TURNQUEST
Tribune Staff Reporter
- pturnquest@tribunemedia.net
RECENT studies support the
idea that initiatives taken both
locally and globally are having a
positive impact in the fight against
drug trafficking, Minster of
National Security Tommy Turn-
quest said.
"The 2007 World Drug Report
of the United Nations Office on
Drugs and Crime (UNODC)
points to evidence over the past
two years which indicates that the
world drug problem has been
contained," he said. "The report
highlights as this evidence a
decrease in the cultivation of coca
in the Andean countries."
"It points to a leveling off, and
in some countries, a decrease in
the production and consumption
of amphetamine-type stimulants
(ATS). Regarding the health
warding on high potency
cannabis, it indicates that the mes-
sage against its abuse appears to
be getting through," he told an
international conference in Nas-,
sau yesterday.
'However, Mr Turnquest point-
ed out, the UN report notes that
opium production is now more
concentrated -.primarily in the
Southern Provinces of
Afghanistan. "We know that in.
the drug area, however, our opti-
mism must be tempered with cau-
tion. The illicit drug trade is
dynamic, constantly changing its
routes, seeking to develop new
markets', and adapting its meth-
ods of operation to exploit gaps
or weaknesses in the internation-
al drug control system. Positive
developments in one area or.
region of the world, therefore,
may be offset by negative devel-
opments in others," he said.


Mr Turnquest was opening a
two day workshop atf the Wynd-
ham Nassau Resqrt geared at
increasing communication and
information sharing between
member states in the effort to
combat drug trafficking through-
out the Americas and the
Caribbean. Known officially as
the Multilateral Evaluation
Mechanism Unit (MEM), the
conference is designed to period-
ically measure the progress made
by each of the 34 member states
of the Inter-American Drug
Abuse Control Commission
(CICAD) in its fight against
drugs.
Mr Tumquest noted that host-
ing this workshop is significant
for the Bahamas, as it comes at a.
time when the Bahamas is broad-
ening its participation in the
Caribbean Community's crime
and security regime.
"The work of the regime, and
in particular, the CARICOM
Implementation Agency for
Crime and Security (IMPACS),
keeps under active consideration
trends in illicit production, traf-
ficking and abuse of narcotic
drugs and psychotrophic sub-
stances, and action taken in this
critical area," he said. Mr Turn-


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quest said that despite the good
fiews, the Caribbean still has a
great deal to be concerned about
,as established drug routes are
now becoming arms and migrant
smuggling routes.
"At times, drug trafficking,
arms trafficking, and migrant
smuggling become part of the
same illicit enterprise. We have
experienced a concomitant
increase in crime and criminality
in our countries, no doubt a result
of these merged criminal opera-
tions, and particularly arms traf-
ficking. Ours is not a region,
therefore, that can let its guard
down in combating drug abuse
and illicit trafficking. It is from
this perspective that the value of
the MEM must be viewed. In a
balanced and methodical way, it
causes the countries of the Amer-
icas in general, and the Caribbean
region in particular, to assess the
progress they are making in com-
bating drug abuse and illicit traf-
fic," he said.


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GB Minister needed'
* BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT A call was made for the immediate establishment and.-
appointment of a minister for Grand Bahama "as pbminisedby the.
FNM government.
The request came during the live radio forum "What's Up With'
Grand Bahama" hosted by Taylor Ferguson on Cool 96 Radio on
Wednesday.
Freeport businessman Jeff Butler said that a minister for, Grand
Bahama is needed now more than ever.
"The prime minister needs to get us our promised minister of Grand
Bahama that can work hand in hand with the Port Authority, the
business community and the foreign investment community," he said..
Mr Butler was one of the five invited panel speakers on Cool 96. The
other panelists were businesspersons Phil Franks, Clarence, Bellot;
Leigh Termath, and lawyer Constance McDonald.,-
Mr Butler said he does not support the explanation given by Prime,
Minister Hubert Ingraham for postponing the appointment of a min-
ister for Grand Bahama.
"Because of the conflict in the Grand Bahama Port Authority I
think that the time for a minister for Grand Bahama. is now," he said,
Insurance businessman Phil Franks said that theit are 'many com-
petent people who have a vested interest and cold be appointed as the
'minister for:Grand Bahama. : I ; . ,
Mr Franks said that at the moment there are people titside the com-
munity making decisions without consultation withGratod Bahama res-
idents.
The establishment of a minister for Grand Bahama, he said, would
"at least allow (for) a more identifiable conduit."
/ Mr Butler said that the Grand Bahama portfolio would probably
.'have to be added to that of National Insurance and Housing Minister
Kenneth Russell or Minister of State for Finance Zhivargo Laing, or
some other minister.


~ ~r a~~-~-~--~pb"pr


FRIDAY, JULY 18, :2008 PAGE 5


THE TRIBUNE


..,.,. ;', .,,







THE TRIBUNE


PAG, R FRIDAY .11iLY 18.2008


L N


WORKING GROUP TO DISCUSS HOW TO TACKLE INVASIVE SPECIES IN CARIBBEAN




The battle against destructive pests


Wrangler X


. D. o .S o.



4 Door Soft top


THE high rate at which
coconut trees across the
Caribbean are being
destroyed has brought into full
focus the consequences of fail-
ing to deal with invasive
species as a matter of priority
at the national and regional
level, the CARICOM Secre-
tariat said.
To this end, when the
Caribbean Invasive Species
Working Group (CISWG)
holds its annual meeting on
Friday in Miami, it is antici-
pated that much discussion
will focus on mechanisms for
collaboration on the issue of
invasive species in the
Caribbean Basin.
It is also expected there will
be much discussion on the
potential economic fallout that
could arise in the absence co-
ordinated action to tackle the
threat of invasive species. The
meeting is taking place at a
time of increase sightings of
invasive species across the
English, Dutch, French and
Spanish speaking Caribbean
- as highlighted at US Depart-
ment of Agriculture pro-
gramme for Tropical and Sub-
tropical Agriculture Research
(T-STAR) sponsored sympo-
sium on invasive species in
Miami on Tuesday.
In many instances the
species have also found their
way to the South American
countries that border the
Caribbean Sea and in the US
State of Florida.
The fast pace at which the
invasive species move is prov-
ing to be a challenge for sci-
entists, who informed the sym-
posium that they have had to
double their efforts in order
to ensure that the situation
does not get out of hand. Even
so some scientists reported
that some irivasive species
such as the Red Palm Mile
which attacks palms both
coconut and ornamental is
already on their doorsteps.
At the CISWG meeting
reports are to be presented on
a number of initiatives cur-
-rently on the way to provide
support to enable the
Caribbean to identify, control
and manage invasive species.
Chief among these is the
Caribbean Invasive Species
Surveillance and Information
Programme (CISSIP).
The CARICOM Secretariat
said an internet based network
of diagnostic laboratories and
specialists will be established
and utilised in the fight against
invasive species.
The issue of funding for this
project is expected to be hotly
debated.
The meeting will also
receive a report from the inau-
gural meeting of Directors of
Plant Health in the Caribbean
which was hosted by the
CARICOM Secretariat in
April.
The meeting was supported
by the United States Depart-
ment-of Animal and Plant
Health Inspection Service
(USDA APHIS), the Inter
American Institute for Co-


Funding for regional invasive

species project crucial


WHILE the importance of a co-ordinated approach to deal
with the issue of invasive species in the Caribbean is widely
accepted, challenges remain in terms of securing funding to
tackle the problem, the CARICOM Secretariat said.
The funding constraints being experienced for the Caribbean
Invasive Species Surveillance and Information programme
(CISSIP) was highlighted at a US Department of Agricul-
ture programme for Tropical and Subtropical Agriculture
Research (T-STAR) sponsored symposium on invasive species
in Miami yesterday.
The symposium was informed that the CARICOM Secre-
tariat had sought to secure funding for the project but had been
unsuccessful to date.
However there is now an acceptance among the stake-
holders that the path for success could see CISSIP, which has
five major components, being re-fashioned to make it more
appealing to potential funders.
When implemented, CISSIP, a project aimed at protecting
the Caribbean region from "pests", a category of invasive
species, "will provide timely information on the status of
pests and support pests risk assessment which are needed to
facilitate trade," the secretariat said. An internet based net-
work of diagnostic laboratories and specialists will be estab-
lished and used in the fight.
The project seeks to address the influx and spread of harm-
ful invasive species that threaten the agricultural livelihood,
human and environmental health of countries in the Greater
Caribbean. At the symposium, the project was identified by
major stakeholders, including the University of Florida, the US
Department of Agriculture and CIRAD, the French Agency
for Animal and Plant Health, as the means for co-operation on
the range of issues that deal with invasive species.
Deputy programme manager for agriculture development at
the CARICOM Secretariat Margaret Kalloo informed the
symposium that CISSIP was fashioned by the Caribbean Inva-
sive Species Working Gro3, Qi ) t and the
COTED, which agreed that financing should be sought for the
project proposal. She added that Non-CARICOM countries
in the CISWG presented endorsements from their govern-
ments regarding the proposal.
"The CISSIP proposal emphasises the case for co-operation
in addressing this issue. This, along with the recognition of the
severity of the economic and social implications of invasive
species has driven all of the 39 countries of the Greater.
Caribbean to indicate their willingness to participate in the
tracking, prevention, and eradication of these 'unwanted
guests'," Ms Kalloo informed the symposium.
She added that in considering a strategy for safeguarding
against threats of invasive species multi-country co-operation
is perhaps the most efficient means of addressing this issue.
"Indeed no country in the Greater Caribbean is capable of pro-
tecting itself from invasive species without the cooperation of
other countries," she added.
The Caribbean Invasive Species Working Group will have
its annual meeting on Friday July 18 at which the CISSIP pro-
ject will be discussed, with emphasis on questions of funding
and implementation.


operation on Agriculture
(IICA), the French Agency
for Animal and Plant Health,
CIRAD and CARDI.
The Caribbean Invasive
Species Working Group com-
prises all English, French,


Dutch and Spanish speaking
countries/territories in the
Caribbean Basin, including
the states of the United States
of America bordering the
Gulf of Mexico.
The working group, which
is chaired by CARDI, is com-
prised of the CARICOM Sec-
retariat, CAB International,
the Food and Agriculture
Organisation (FAO), the
Inter-American Institute for
Co-operation in Agriculture
(IICA), University of the
West Indies (UWI), Univer-
sity of Florida, CIRAD, Flori-
da A&M University, IDIAF,
USDA-APHIS and the Pan
American Health Organisa-
tion (PAHO).


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area or have won an
award.
If so, call us on 322-1986
and share your story.


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LCA LNEW


BIFF launches 'Reel Life'


documentary competition


* By TANEKA THOMPSON
Tribune Staff Reporte
tthompson@tribunemedia.net

ASPIRING filmmakers
between the ages of 10 and 25
years old are being encour-
aged to enter the Bahamas
International Film Festival's
"Reel Life" documentary
competition.
The competition will pro-
vide emerging filmmakers with
an opportunity to showcase
films focused on Bahamian
cultural and social issues, for
example tourism, crime, the
economy or the environment.
"The Reel Life documen-
tary competition is for any
social issue that (young film-
makers) feel like they're
attached to. What it is all
about it to empower the youth
to give them an opportunity
to tell their stories and to
encourage our community to
support to support their sto-
ries. . so we're all learning
about our culture and our
issues," BIFF founder and
executive director Leslie. Van-
derpool said.
Brian Lee, 20, a Bahamian
film student at the Savannah
. :':l 1. ; -:1 .


College of Art and Design
gave tips on how to create an
inspiring and exciting docu-
mentary.
He plans to start shooting a
documentary on second gen-
eration Haitians and immigra-
tion issues in the Bahamas this
summer.
"If you have an issue in
mind please be passionate
about it the only way you.
can go to the next step is if you
believe in what you are doing.
Second of all, in the docu-
mentary world the first thing
that you have to do is to create
a one page synopsis of what
your film's about. That alone
will take you to the next step.
"Once you have a camera..
. really think about where
you're going to be shooting
and who you're going to be
interviewing don't just take a
camera and start shooting;
think about it," he said.
BTC is a major sponsor of
the competition, and the com-
pany's senior associate of pub-
lic relations Indira Collie said:
"The Bahamas Telecommu-
nications Company is all about
connecting people. .. And so
today we're grateful for the


opportunity to connect groups
and organizations like BIFF to
their dreams to make them a
reality."
Ansbacher (Bahamas) Ltd
donated 30 cameras to youth
organizations around the coun-
try including the Ranfurly
Home, the HOPE foundation,
the Elizabeth Estate's Chil-
dren's Home, the Children's
Emergency Hostel, the Simp-
son Penn Centre and the
Willamae Pratt Centre to
ensure that as many young
people as possible have the
right tools to enter the com-
petition.
'Films should be between 10
to 20 minutes in length and
should be presented in DVD
format, with optional dialogue
and commentary.
The.deadline for the "Reel
Life" documentary competi-
tion is August 15.
The grand prize winner will
be awarded $1,000 cash donat-
ed by BTC; first, second and
third prize winners will be the
special guests at a competition
reception and special recogni-
tion ceremony at the 2008
Bahamas International Film
Festival.


1. Buy any 3 or the 5 featured KRAFT items (including KRAFT
BBQ Sauce, KRAFT Singles, KRAFT Salad Dressing and
OSCAR MAYER Hot Dogs.
2. Circle item on your original store receipt, answer the
question on entry forms provided.
3. Write your name, address and telephone number on original
store receipt
4. Deposit receipt and entry form into entry box, located in all
participating stores or drop off at The d'Albenas Agency,
Madeira Streel, Palmdale.
5. Promotion runs fom July 7 to August 1, 2008. Winner will
be chosen on August 8, 2008.


------..-.--------.------
To qualify to win, fill in the blanks
and attach to your original receipt.
Drop in entry boxes or bring to
The d'Albenas Agency, Palmdale.

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Life sentence for man





convicted of stabbing death


NOTICE



The office of KPMG in Nassau will be

closed on Friday, July 18, 2008.

Business will resume on Monday July

21, 2008 at 9:00 a.m.



We apologize for any inconvenience caused.


AUDIT TAX ADVISORY

SC2008 KPMG, a Bahamian partnership and a member firm of the KPMG network of independent member firms affiliated
I with KPMG International, a Swiss cooperative.




CREDIT SUISSE


Credit Suisse Nassau Branch
is presently considering applications for a

OPERATIONS ANALYST
The Human Resources Department is accepting applications for a position in
the Treasury & Issuance Operations Department. This is an exciting opportunity
for the right candidate to join a prestigious Swiss Bank. -

The position is open to candidates with the following minimum requirements:

Qualifications:
Two (2) years experience'in Money Market & Foreign Exchange
Trading and/or Settlement
Knowledge of securities markets and instruments (bonds,
equities, & derivatives)
PCLiteracy (MS Word, Excel)
A Bachelor's degree with concentration in Finance, Accounting
or Business Administration

Duties:
The candidate will be expected to perform ,the following duties:
Book money market & foreign exchange trades, and manage
nostro accounts in major currencies
Verify coupon calculations and settle coupon payments
Book structured notes, warrants, and derivatives and settle
payments

Personal Qualities:
The candidate is expected to display the following qualities:
Excellent organizational and communication skills
Ability to work in a small team
Ability to work under pressure with minimum supervision

Benefits provided include:
Competitive salary and performance bonus
Pension Plan
Health and Life Insurance

ONLY PERSONS MEETING THE ABOVE REQUIREMENTS NEED APPLY

Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas

or via fax 356-8148

DEADLINE FOR RECEIPT OF APPLICATIONS IS 251 1 JULY. 2008


FROM page one

charged with murder, howev-
er prosecutors accepted his
plea of guilt to the lesser
charge of manslaughter.
During a sentencing hear-
ing yesterday, Simmons'
attorney Dwayne Hanna had
asked the court for leniency,
submitting that Simmons did
not have a normal childhood.
Mr Hanna submitted that as a
child, Simmons had received
certain emotional and psy-
chological abuse.
In his judgment, Justice
Lockhart said it seemed that
Simmons went "off track"
very early in his life and that
his mother had done nothing
to assist him. Justice Lock-
hart reminded Simmons of
the fifth commandment, not-
ing that Simmons had disre-
spected his mother and
grandmother by not heading
their words.
"In the circumstances there
is nothing I can do for you,
but sentence you to life," Jus-
tice Lockhart said.
After the sentence was
handed down Simmons was
escorted back to Central
Police Station with his shirt
pulled up to his head as he
tried to conceal his face from
photographers.
The parents of the
deceased stood outside the
courtroom crying in" each oth-
ers arms for several minutes,
until Mr McKinney was able
to speak to reporters.
"We feel, given all that has
happened at the beginning of
this terrible situation, God
has been good," he told
reporters outside the court-
room yesterday as his wife
Treva stood by his side.
"Our faith has not been
shaken, although this has
been hard for us our faith has
not been shaken by the sys-
tem of justice. At a time
when so many doubt the sys-
tem of justice, we feel that
justice has been served. This
case speaks to all of us as par-
ents, that we all have to be
in charge of our children so
that -they don't give us bur-
den or become a burden to
society and damage our rep-'
utations," Mr McKinney said.
Mr McKinney noted that
Simmons has never apolo.-
gised or expressed remorse
for his daughter's death and
has a lot of soul searching to
do. Mr McKinney said h-
would continue to pray for
Simmons.
During the sentencing
hearing yesterday Simmons'
grandmother, Gwendolyn
Brown, who was a Crown wit-
ness at his trial, told the court
that Simmons didn't appear
to be himself in the weeks
leading up to McKinney's
death. She said that she had
reared Simmons and
described him as a quiet per-
son who "didn't keep compa-
ny." She recalled that she
heard Simmons on the day of
the incident say, "If I don't
get my baby today I gern do
something stupid." She
recalled that Simmons' father
and sister perished in a house
fire when he was about nine
or 10 years old and that Sim-
mons had received coun-
selling after the incident. Still
she told the court that Sim-
mons had a stable home, was
very well loved by his family
and was given whatever he
asked for.
Mrs Brown described the
deceased as a mannerly girl.
She said that she had never


witnessed any physical vio-
lence between her grandson
and Trevonne. However, she
had heard of incidents and
was told by Trevonne that
Simmons had beat her up in
the road.
Mrs Brown said that
Trevonne had $old her that
she was afraid to bring the
baby around because Sim-
mons had threatened to burn
himself and the baby up in
the house.
Simmons' mother,
Rosezreo Simmons, told the
court that her husband had
abused her constantly and
used marijuana as well as
cocaine.
She admitted that she too
had used cocaine for a while,
but her husband had ordered
her to stop when she became
pregnant with Michael. She
told the court that Michael
had lived with her for most
of his life and sometimes
stayed with his grandmother.
She said that Michael and his
father had had a great rela-
tionship and that after his'
father's death, Michael's
grades in school began to
drop significantly.
She told the court that
Michael attended several pri-
vate schools.
She was questioned exten-
sively about his expulsion
from Teleos Christian School
over an alleged sexual inci-
dent with a female student.
Mrs Simmons told the court
that she felt that the incident
was dealt with wrongly.
She recalled that two weeks
before Trevonne was killed,


Trevonne, her son and their
daughter had come to visit
her in Fort Lauderdale. She
said that at that time she saw
no signs of any problems
between the two. She told the
court that Michael had told
her he was having problems
with the deceased and she
had suggested he leave her
alone. Mrs Simmons told the
court that she knew that sh6
had spoiled her son.
Lisa Bowleg, a probation
officer told the court that
Simmons had told her that his
relationship 'with the
deceased had started to dete-
riorate after he was
approached by someone who
said that they had had rela-
tions with the deceased.
According to Ms Bowleg,
Simmons claimed that, con-
trary to his grandmother's
account of the incident,
Trevonne had come towards
him with a knife.
She said that Simmons
claimed that he took the
knife from her and stabbed
her.
The probation officer also
noted that the parents of the
deceased were deeply sad-
dened by her death and had
removed all photos of her
from their home because they
could not explain to their
granddaughter where her
mother is at this time.
Ms Bowleg said that Sim-
mons has expressed no
remorse, nor has he taken
responsibility for his actions.
She said that Simmons has
sought rather to cast blame
on everyone else.


Troyniko McNeil
'could be set free'

FROM page one

family finds it curious that Troyniko was not immediately deport-
ed or handed over to Bahamian police for questioning.
The family reportedly is questioning the veracity and quality of
the evidence police have in this case.
The source told The Tribune last week that the McNeil family is
keeping a close eye on how this case is being dealt with, and are pre-
pared to take legal action if the US government or Bahamian
police violate Troyniko's rights in any way.



$700,000 of marijuana


is seized by the DEU

FROM page one


At around 1.30 yesterday
morning, the officers saw a
white go-fast boat about two
miles off Yamacraw Beach.
Spotting the DEU officers
approaching, the go-fast boat
sped off in an attempt to outrun
the police vessel.
However, the officers soon
caught up with the speeding
boat and intercepted it.
On board, the police found
two men, ages 47 and 28.
The officers also discovered
681 pounds of marijuana in 19
crocus sacks.
The estimated street value of
the drugs is $700,000, Asst Supt
Walter Evans said yesterday.
Both men were taken into
custody and police investiga-
tions into the incident contin-
ue.
Mr Evans emphasised that
without the help of the public,
these arrests would not have
been possible.
"The police are tremendous-
ly grateful," he said.
Mr Evans that this is the kind
of relationship the police hopes
to cultivate with all Bahamians


in order to eradicate crime in
the country.
"It's a reciprocal relation-
ship," he said.
Just minutes after police
apprehended the would-be drug
smugglers, other officers, also
of the DEU and acting on infor-
mation supplied by the public,
were able to capture an illegal
firearm.
Mr Evans said that a .38mm
handgun was found near Bail-
lou Road, close to Farmer's
Market.
No arrests were made in con-
nection with the discovery of
the weapon.
About 30 minutes later, at
around 2am yesterday, officers
of the mobile division on patrol
observed a 1988 Honda Accord
with three male occupants dri-
ving on St James Road.
Officers stopped the car and
searched both the vehicle and
the Honda's occupants. A hand-
gun and seven live rounds of
ammunition were found during
the search and the three males -
one a juvenile, the other two 18
year olds, were arrested.


PAGE 8, FRIDAY, JULY 18, 2008


THE TRIBUNE









THE TRIBUNE| FRIDAY, JULY 18, 2008CAPAGEW9


Winners delighted


with Diamond Awards


THE highpoint'of Baha Mar's
3rd Annual Diamond Awards was
the announcement of the 2007
Associate of the Year, 2007 Super-
visor of the Year and 2007 Manag-
er of the Year.
Nominees for the top awards
were drawn from each Baha Mar
property, which include the Shera-
ton Cable Beach Resort, the Wyn-
dham Nassau Resort and the for-
mer Nassau Beach Hotel.
On the evening of the awards,
the announcer called off the nom-
inees in each category. At the end,
three hard-working and loyal
employees walked away with the
prestigious honours.
The Manager of the Year award
went to Cyprianna Major, a nine-
year managerial-level employee of
the Sheraton Cable Beach Resort,
who has held the post of chief
concierge for almost a year.
Mrs Major said she was
"extremely excited" to be chosen
as Manager of the Year.
"It took a lot of hard work and
dedication. Our slogan at the Sher-
aton is 'I make the difference, I am
Sheraton' it is up to you to make
the difference."
Her hard work was rewarded
with her employer's appreciation
and prizes that include a seven-day
Caribbean cruise, a round-trip tick-
et for two to Fort Lauderdale,
$1,000 spending money, a lap-top
computer and flowers.
Andrew Sturrup, winner of the
Associate of the Year, is a shift
engineer at the Wyndham Nassau
Resort.
When he received his award he
said, "I was so surprised. For a big
resort like this, I never thought that
one day I would be chosen as Asso-
ciate of the Year."
Mr Sturrup said he considers the
Wyndham as his "first home" and
expressed his thanks to the man-
agers and supervisors for nominat-
ing him.
He won two round-trip tickets
for two to Atlanta, a six-day, five-
night hotel stay, $500 spending
money and a 32-inch flat screen
TV.
Phyllis Smith, who said that
what she enjoys most about her
job is meeting people, was named
Supervisor of the Year, but missed
out on the awards evening owing to
other commitments. However, she
heard the good news when she
arrived at wofk the next day,
Mgis..Smiitli, J.supervisor .of
housekeeping at the Sheraton
Cable Beach Resort, was so over-
whelmed with joy that she began to
cry.
"I feel honoured and special. I


CYPRIANNA MAJOR was elated when she received the Manager of the
Year award during the 3rd Annual Diamond Awards. (I-r) Barbara
Barnes, human resources director at the Sheraton Cable Beach Resort;
Evelyn Miller, human resources manager at the Wyndham Nassau
Resort; Cyprianna Major, Manager of the Year; Anatole Major, human
resQurces manager at the Wyndham Nassau Resort, and Hans
Altenhoff, general manager at the Sheraton Cable Beach Resort.


ANDREW STURRUP, a shift engineer at the Wyndham Nassau Resort, was
named the Associate of the Year. (1-r) Earle Bethell, general manager at
the Wyndham Nassau Resort; Anatole Major, human resources manager at
the Wyndham Nassau Resort; Evelyn Miller, human resources manager at
the Wyndham Nassau,Resort; Andrew Sturrup, Associate of the Year, and
Jeffry Humes, managing director at the Wyndham Nassau Resort.


know that winning this award will
encourage me to work even hard-
er," she said.
'From a leadership standpoint,
Mrs Smith said she encourages her
team to be pro-active and antici-
pate guest needs, asking before-
hand if there is anything further
that could be done to make their
stay more enjoyable.
Mrs Smith will enjoy a five-day
Caribbean cruise. Her hard work
and dedi action also earned her
round-trip tickets for two to Fort
Lauderdale with $700 spending
money. She also won a washer and
dryer.
Director of human resources
Sheraton Cable Beach Resort Bat-


bara Barnes congratulated the
resort's two winners Cyprianna
Major and Phyllis Smith on behalf
of the general manager, Hans
Altenhoff, and the executive team.
"We are very proud to have
these ladies on our team. They are
precious gems at the Sheraton,"
she said.
F Renee McKinney-McPherson,
director of human resources at
Wyndham Nassau Resort, con-
gratulated Andrew Sturrup on his
win.
"We are' sop'r6ud of his dili-
gence. We continue to receive
guest compliments on his behalf
because of his hard work and ded-
ication."


IN -LOVING MEMORY OF

VERNON HARTMAN

BULLARD


Born: Feb.
Died: July


18, 1915
20, 2007


rotc/ C


~(012e&


On the wings of death and sorrow
God sends us hope for tomorrow
And in His mercy and His grace,
He gives us strength to bravely face,
The lonely days that stretch ahead
And know our loved one is not dead,
But Only sleeping and out of sight
In that land where there is no night.
(By Helen Steiner Rice)



FOND MEMORIES WILL FOREVER
LINGER IN THE HEARTS OF WIFE


DORIS BULLARD, FAMILY
FRIENDS


I


AND


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Victims 'stalked and raped at

gunpoint' by bisexual attacker


FRQM page one
but after the question was put
to him by The Tribune yester-
day, Chief Supt Basil Rahming
confirmed that police are hunt-
ing for such a man, and urged
the public to keep a watch out
for suspicions person. He said
the culprit usual strikes during
the early morning hours, enter-
ing the homes of unsuspecting
victims.
Sources say the expertise
with which he carries eut his
attacks could mean there are
many more victims who have
yet to come forward.
While the police released no
further information, it is
believed that the rapist stalks
his victims before striking. He
seems to be familiar with the
lay-out of each home and to
know how many persons live
there.
The rapist wears a mask and
gloves, and carries either a gun
or knife. He is very cunning


and leaves no evidence at the
scene of the crime, The Tribune
was told.
He covers his victims with a
cloth and uses a condom during
sexual intercourse. After raping
his victim, he then makes the
individual shower to get rid of
any physical evidence.
According to sources, one
the victims is very concerned
over the silence by police and
fears that the rapist will strike
again.
The latest incident occurred
on Thursday at around 4am,
involving a 21-year-old woman.
The victim reported to the
police that she was awakened
by a masked man armed with a
handgun.
The suspect ordered her to
remain quiet and forced her to
engage in sexual intercourse
against her will.
He then robbed her of an
undetermined amount of cash
and fled the scene on foot.
The woman called the police.,
When officers arrived at the'


scene, it was discovered that
entry had been made through a
kitchen window.
She Idescribed her attacker
as a tall man of slim built.
Supt Rahming said the first
reported case involved a 26-
year-old woman who was also
raped under similar circum-
stances.
He said the victim was awak-
ened around 5am by a masked
man armed with a handgun in
her home. The man ordered
the woman not to scream and
took her outside her house,
where he then had sexual inter-
course with her against her will.
The suspect was described as
being about 5'9" tall.
He was wearing short blue
jeans, a black shirt and white
tennis.
"As a result of these attacks,
the policare advising the pub-
lic to be on the lookout for sus-
picious persons lurking around
their neighborhoods, particu-
larly during the early morning
hours," Mr Rahming said'.


Fatal police exercise spot 'badly chosen'


FROM page one
office, and the injury of 10 other officers.
Police media spokesman Asst Supt Walter
Evans told The Tribune yesterday that the 10
* police officers injured in the exercise are all out of
danger and in stable condition at the Princess
Margaret and Doctors hospitals.
Two of the officers still remain in the Intensive
Care Unit and are in serious, but stable condition,
Mr Evans said.
Four of the officers are being treated at Doctors
Hospital and six at PMH.
Mr Evans explained that when a larger group of
police officers is injured it is customary to spread
them over the two hospitals.,
However, he could not say what kind of
treatment the individual officers were
receiving.
Speaking with The Tribune yesterday, Chief
Supt Glen Miller, officer in-charge of the Central
Detective Unit, said that the investigation into
what went wrong during the training exercise is
continuing.
Determining whether all of the officers had
the necessary swimming skills is something which


is being looked into during the investigation, he
said.
Eyewitnesses claimed that the training exer-
cise was poorly structured and ill-advised. They
said that the group was in the water towards the
eastern end of the beach when the accident
occurred.
The men and women were weighted down in
the water with weapon belts, military boots and
full dress uniform in temperatures around 90
degrees Fahrenheit, when several officers became
distressed, witnesses said.
Acting Assistant Commissioner Hulan Hanna
told The Tribune on Wednesday that the officers
fell into what is believed to be a sink hole.
Jet ski operators, swimmers on the beach aInd
fellow officers went into the water in an attempt
to rescue the officers, some of whom were sub-
merged, weighted down by their equipment. At
least five officers were said to have been in par-
ticular distress, with at least two being rescued
from under water.
Yesterday, the Workers' Party called for the
Department of Lands and Surveys to conduct a
geological investigation of the area, so the gov-
ernment can mark the craters in.the interest of
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ITIWI IFD J0IIFD J8I, 0E 1


b


COMMONWEALTH

BANK CHAIRMAN'S REPO


Commonwealth Bank was able to report net income of $24.5 million, an increase of 10.4% over the
same period of 2007 ($22.4 million), despite the challenges facing the economy.

This robust performance resulted in earnings per share for the second quarter of 10 cents, (2007: 9
cents) and for the six months to June 30th 2008 of 22 cents, compared to 20 cents for the first half of
2007, an increase of 2 cents per share or 10%.

The principles of safety and soundness embedded in our strong corporate governance regime results
in prudent management of the Bank, adopting the appropriate policies and procedures to steer the
Bank through the current economic climate.

Compared to the same period in the prior year, Annualised Return on Common Shareholders' Equity
was 35.5% up from 33.9%. At June 30th, Total Assets exceeded $1.25 billion, up 8% from December
2007. Return on Assets decreased to 3.50% from 3.65%, reflecting a 22% increase in the Cash and
Securities portfolios over December 2007.

In the second quarter, the Bank has continued the positive start it made in the first quarter of 2008,
a year widely regarded as being a very challenging year. Our impaired loans at 1.4% of total loans



COMMONWEALTH BANK LIMITED
CONSOLIDATED BALANCE SHEET
(Expressed In B$ '00s) (Unaudited)


RT ON UNAUDITED RESULTS JUNE 30, 2008 1


remain well below industry averages, and our Balance Sheet remains strong with impaired loans
being covered 1.5 times by loan loss provisions.

The economic condition of the US economy has if anything, declined in the second quarter, and many
anticipated capital project inflows have been either cancelled or deferred. We continue to monitor the
potential impact on tourism as the airline industry continues to struggle. We anticipate some relief
for the local economy through the recent Budget announcements of public sector projects. With the
Bank being ever vigilant to adjust to the prevailing market conditions we expect the current trends to
continue through the rest of 2008.

It is in difficult times that we distinguish ourselves and our continuing success stems from the
dedicated teamwork of every member of Commonwealth Bank staff who strives to deliver service
excellence to our customers.



T. fDonaldson
Chairman



COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQITmr
(Expressed in B$ '000s) (Unaudited)


June 30, 2008
ASSETS
Cash and deposits with banks $ 19,371
Balances with Central Bank 78,946
Government Stock, Investments and Treasury Bills 135,409
Loans Receivable (net) 1,008,298
Premises and equipment 32,902
Other assets 1,094
TOTAL $ 1,276,020

LIABILmES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits $ 1,026,368
Life assurance fund 17,489
Other liabilities 27,264
Total liabilities 1,071,121

Shareholder's Equity:
Share capital 86,946
Share premium 25,864
General Reserve 10,500
Retained earnings 81,589
Total shareholders' equity 204,899
TOTAL $ 1,276,020


December
31, 2007

$ 20,934
72,609
98,050
954,943
30,912
1,726
$ 1,179,174



$ 935,730
16,184
26,364
978,278


86,951
27,643
10,500
75,802
200,896
$ 1,179,174


6 months ending
June 30, 2008 ,


PREFERENCE SHARES
Balance at beginning and end of period

COMMON SHARES
Balance at beginning of period
(Purchase)/Issuance of common shares
Balance at end of period

SHARE PREMIUM
Balance at beginning of period
(Purchase)/Issuance of common shares
Employee stock options
Balance at end of period

GENERAL RESERVE
Balance at beginning and end of period

RETAINED EARNINGS
Balance at beginning of period
Net income
Common share dividends
Preference share dividends
Balance at end of period

SHAREHOLDERS' EQUITY AT END OF PERIOD


6 months ending
June 30, 2007


$ 84983 $ 84,983


1,968

1,963


27,643
(1,916)
137
25,864


10,500


75,802
24,509
(15,748)
(2,974)
81,589


$ 204,899


1,964
2
1,966


26,429
472
0
_.___ 26,901


10,000


50,496
22,196
(11,799)
(2,974)
57,919

$ 181,769


COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF INCOME
- (Expressed in-B$ '000s) (Unaudited)


INCOME:
Interest income
Interest expense
Net interest income
Loan loss provision

Life assurance, net
Fees and other income


NON-INTEREST EXPENSES:
General and administrative
Depreciation and amortization
Directors' fees

NET INCOME

Preference Share Dividends

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

AVERAGE NUMBER OF COMMON SHARES
(Thousands)
EARNINGS PER SHARE (3 months)



COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF INCOME
(Expressed in B$ '00Os) (Unaudited)


3 months ending
June 30, 2008

$ 36,846
(12,605)
24,241
(3.670)
20,571
1,196
2,224
23,991


11,613
626
43
12,282
11,709

(1,487)

$ 10,222

98,227

$ 0.10


3 months ending
June 30, 2007

$ 31,946
(10,035)
21,911
(2,611)
19,300
1,154
1.935
22.389


11,165
610
39
11,814
10,575

(1,487)

$ 9,088

98,316

0.09


COMMONWEALTH BANK LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
(Expressed in B$ 'O00s) (Unaudited)


CASH FLOWS FROM OPERATING ACTIVITImES:
Interest Receipts
Interest Payments
Life assurance premiums received
Life assurance claims and expenses paid
Fees and commissions received
Recoveries
Cash payments to employees and suppliers

Increase in loans receivable
Increase in deposits
Net cash from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Government Stock, Investments
and Treasury Bills
Interest receipts and repayment of
Government Stock and Treasury Bills
Purchases of premises and equipment
Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid
(Payment)/Proceeds from purchase/issue
of common shares
Share based payments
Net cash used in financing activities
NET INCREASE IN CASH EQUIVALENTS
CASH EQUIVALENTS, BEGINNING OF PERIOD
CASH EQUIVALENTS, END OF PERIOD


6 months ending
. June 30, 2008

$ 65,998
(24,485)
5,095
(1,958)
5,334
3,439
S(21,5731)
31,850
(59,610)
90,638
62,878



(77,082)

42,706
(3,222)
(37.598)


(18,722)

(1,921)
137
(20,506)
4,774
93,543
$ 98,317


6 months ending
June 30, 2007

$ 56,912
(19,434)
4,630
(1,722)
4,572
3,070
(17,972)
30,056
(68,637)
.74,451
35,870



(49,007)

35,206
(2,260)
(16,061)


(14,773)

474
0
(14,299)
5,510
92,295
$ 97,805


INCOME:
Interest income
Interest expense
Net interest income
Loan loss provision

Life assurance, net
Fees and other income


NON-INTEREST EXPENSES:
General and administrative
Depreciation and amortization
Directors' fees

NET INCOME

Preference Share Dividends

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

AVERAGE NUMBER OF COMMON SHARES
(Thousands)
EARNINGS PER SHARE (6 months)


6 months ending
June 30, 2008

$ 72,420
(24,485)
47,935
(6,255)
41,680
2,767
4,399
48,846


23,022
1,232
83
24,337
24,509

(2,974)

$ 21,535

98,227


6 months ending
June 30, 2007

$ 62,542
(19,434)
43,108
(4,691)
38,417
2,365
3.771
44,553


21,041
1,233
83
22,357
22,196


COMMONWEALTH BANK LIMITED
NOTES TO UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
SIX MONTHS ENDED JUNE 30, 2008 (EXPRESSED IN B$ '0008) (UNAUDITED)
1. ACCOUNTING POLICIES
These consolidated interim condensed financial statements have been prepared in accordance with
International Accounting Standards 34 Interim Financial Reporting. The accounting policies used In the
preparation of the interim financial statements are consistent with those used In the annual financial
statement for the year ended December 31, 2007.
The consolidated financial statements include the accounts of Commonwealth Bank Limited ("the Bank') and
Its wholly owned subsidiary companies. The subsidiaries are Laurentide Insurance and Mortgage Company
Limited, C.B. Securities Ltd. and C.B. Holding Co. Ltd.
2. BUSINESS SEGMENTS
For management purposes, the Bank including its subsidiaries is organized into two major operating units
- Bank and Real Estate. The following table shows financial information by business segment:
June 30. 2008 June 30. 2007


Revenue
Bank segment External
Real Estate segment External
Real Estate segment Intersegment


Net Income
(2,974) Bank segment
2,9 Real Estate segment
rnnnilfaAHnf


$ 19,222

98,316

$ 0.20


48,811
35
729

24,639
(130)
24,509


44,417
135
729

22,020
176
22,196


3. DIVIDENDS
The Directors have approved interim quarterly dividends in the amount of 5 cents per common share (2007:
4 cents) and an extraordinary dividend of 6 cents per share. The total dividends paid as of the interim date is
16 cents per share for common shares (2007:12 cents). The dividends are declared on a quarterly calendar
basis. The interim financial statements only reflect the dividends accrued for the Interim period.
4. COMPARATIVE FIGURES-DIVIDENDS AND EARNINGS PER SHARE
On October 17, 2007, the shareholders approved a three-for-one split effective November 9, 2007.
Comparative per share data for 2007 has been restated to recognize the effect of the stock split.


I


C nUII oUIIUate


FRIDAY. JULY 18, 2008, PAGE 11


THE TRIBUNE



































N By BRENT STUBBS
Senior Sports Reporter
bstubbs@trlbunem=edla.net

IT seemed as if Jermaine
"Choo Choo' Mackey will
have to wait a little longer
to get a glimpse of his
British Commonwealth
championship fight oppo-
nent Michael Gbenga.
According to First Class
Promotions' promoter:
Michelle Minus, Gbenga
was scheduled to arrive m
town yesterday for the
super middleweight title
bout on Saturday night.
But she noted that he was
detained in England as
attempts were being made
to have him fly directly
here. She noted that he
should be here in time for
the 2 p.m. weigh-in at the
Kendal Isaacs Gymnasium.
"He was supposed to
leave England this morning
because he got his visa,"
said Minus yesterday. "But
he couldn't get into the
United States, so they had
to re-route him to come
directly to Nassau.
"If the Consultant in Eng-
land had told me that when
I contacted them yesterday
(Wednesday), I would have
re-routed him. We just rout-
ed him out the best route
we could get him on."
Minus said Gbenga's Lale .
arrival will.in no wahave '
any effect on Fight night as
he will be here in time.
"It was just a miscommu-
nication between us and our
Consultant in- the UK,"
Minus pointed. "But once
he gets 8-10 hours to get
acclimatized, he will be
okay. He's coming in early
in the morning (today), so it
won't have any effect on
him."
Already holding the
home court advantage,
Mackey is not gloating in
the fact that his opponent
will be coming in so close
to fight night.
"I'm still preparing and
just waiting on his arrival,"
Mackey stressed. "I'm
focused and I'm ready-to
go. It doesn't matter when
he gets here."
Mackey said his game
plan remains the same and
he intends to be the new
champion at the end of the
fight.
."I'm just waiting on him
to reach so that we can get
on with the fight," Mackey
quipped.
This will be the first time
in 21 years that the
Bahamas will be hosting a
British Commonwealth title
fight.
.The last time it was held,
Ray Minus Jr. won the ban-
tamweight crown over
Michael Parris on March 10,
1989 in a 12-round decision.
Minus Jr., who eventually
relinquished his title when
he moved up to the feath-
erweight division, only to
retire on March 31, 2001, is
now coaching Mackey.
Mackey, 28, is coming off
a fourth round TKO win
over American Jeremy Yel-
ton, who came in as a late
replacement for Gbenga on
May 24 after the African
was unable to come to town
because of a visa problem.
Gbenga, 29, has not
fought since December 8 in
Lancashire when he suf-
fered his second straight
defeat at the hands of Dean
Francis when he stepped up
in weight to fight for the
Commonwealth light heavy-
weight title.
While they wait for the
arrival of Gbenga, Minus
noted that there are three
other international fighters
who will be appearing on
the undercard and she


expects that they will all be
in town by this morning.
The weigh-in is set for 2
p.m. at the Kendal Isaacs
Gymnasium.


placed second in


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

THERE'S been a lot of
regret that with the talent
available, the Bahamas won't
qualify to compete in the
women's 4 x 100 metre relay
at the XXIV Olympiad.
But the latest team rank-
ings released by the Interna-
tional Amateur Athletic
Association showed why only
the men's 4 x 400 team will
be competing in Beijing, Chi-
na next month.
WOMEN'S 4 X 1 TEAM
In its final listing of the top
16 performances going for
the Olympics as of July 16,
the actual cut-off date for
qualification, the Bahamas
women's 4 x 1 team didn't


Women's 4


X


100


team falls short


make the top 20, as indicated
by the Bahamas Association
of Athletic Associations with
the team just falling shy at
number 17.
The qualifying perfor-
mances, based over the past
year, showed that the United
States produced the two best
marks of 41.98 and 42.24 sec-
onds at the World Champi-
onships last year in Osaka,
Japan for an average of
41.11.
Jamaica is second with
their best times of 42.01 and
42.70 at the World Champi-
onships as well for an aver-


age of 42.36.
Also from our region,
Brazil is 14th with their best
time of 43.36 while Trinidad
& Tobago is 15th at 43.43
and Cuba rounding out the
top 16 at 43.46.
Waiting in the wings in the
final four spots to complete
the top 20 listing are Thai-
land with 43.38; Nigeria with
43.58, Australia with 43.62
and Japan (43.67) and Ghana
(43.76) tied with an average
of 43.80.
. The Bahamas, which failed
to field a, team for the World
Championships where only


ipic qualifier


eight teams competed, had a Central American and
best showing this year of Caribbean Championships in
43.85 by the team of Kristy Cali, Colombia.
White, Chandra Sturrup, However, it was nowhere
Timicka Clarke and Debbie near the time of 39.08 that
Ferguson-McKenzie at the Russia produced for the 20th
Scotiabank Olympic trials. spot. Thailand rounded out
The BAAA never got the the top 16 qualifying spot
opportunity to run a combi- with a best of 38.94.
nation of the senior and The Bahamas, therefore,
junior athletes together this will only be represented by
year as they were not all the men's 4 x 400 team,
available at the same time. which has the second fastest
qualifying time and not the
MEN'S 4 X 1 TEAM sixth as indicated by the
The same was the case with BAAA.
the men's 4 x 1, which was The IAAF, in his latest list-
attempting to qualify as well. ing, had the Bahamas in sec-
They were also not included ond with their two best times
in the top 16 or even the top of 2:59.18 that the combo of
20. Avard Moncur, Michael
The best performance Mathieu, Andrae Williams
came from the team of Adri- and Chris Brown ran for the
an Griffith, Derrick Atkins, silver at the World Champi-
Rodney Green and Shamar onships.
Sands, who ran 39.22 at the SEE page 15
SE PEpae1


OFFERING a fun summertime activity to children who might not otherwise get the chance to play while also widening the interest in
their sport, were Barbara Albury (far right), manager/coach of the Squash Club, Village Road and Jimmy Lightbourn, manager/coach
at the Squash Club. The special summer camp was established on behalf of long time Squash Club member and avid player Ted
Smith (far left), who recently celebrated his 70th birthday. .


RANF URLY HOME CHILDREN ENJOY

SUMMER CAMP AT SQUASH CLUB


In celebration of Ted
Smith's 70th birthday, family
and friends made donations
to the Squash Club on Vil-
lage Road in order to hold a
Summer Camp for nine chil-
dren from the Ranfurly
Home for five days.
Ted Smith became a mem-
ber of the Squash Club in
1975 during the pre-con-
struction of the club and has
been playing squash ever
since.
The children were taught
by the manager and coach,
Barbara Albury and Jimmy
Lightbourn respectively, the
basic squash racquet skills,
rules to play the game and
practiced a variety of drills.
The final day ended with a
barbecue on the patio of
hamburgers and hotdogs.


BARBARA
ALBURY and
Jimmy Light-
bourn, both
managers/coach
s of the Squash ,
Club,.Village
Road, take time
out to instruct
and play with
some of the resi-
dents of the
Ranfurly Home
for Children dur-
ing a recent
summer camp
sponsored by
friends and fam-
ily members of
Ted Smith, an
avid squash
player, in honour
of his 70th birth-
day.


Freedom Farmers do the Bahamas proud


THE FREEDOM FARM Baseball
League sent an All Star seven-nine years
Coached Pitch Baseball Team to Okee-
heelee 4th July Classic Tournament held
in Wellington, West Palm Beach. Fifteen
teams participated.
The Freedom Farmers from The
Bahamas did not win the championship but
set tongues wagging by their mere exis-
tence.
The torrential rain attempted to dampen
the spirits of the organizers of the Okee-
heelee Coached Pitched Baseball Tourna-
ment but did nothing to dampen the enthu-
siasm of the visiting Freedom Farmers from


Nassau, Bahamas.
It did not take long before the powerful
Bahamian team caught fire by bruising the
Magnolia Park Beach Black Sox with a
score of 11-5. The game was postponed
because of rain on Thursday evening but
was completed on Friday morning at 8am.
The second game which was scheduled
for 8pm on Thursday evening but was post-
poned because of rain and was played at
9.30am on Friday. Again the confident, well
coached and well disciplined Freedom
Farmers released a barrage of heavy bats on
the Fort Lauderdale Nationals team by the
identical score of 11-5.


The schedule 11am game on Friday
morning saw a downpour of more bats with
the Farmers showing that the previous
games were no fluke by humiliating the
Wellington Fury by a score of 12-2.
The parents of the Farmers that accom-
panied the team, shook cowbells and
screamed with levels of excitement rarely
seen.
Saturday was no different; The Farmers
from The Bahamas whitewashed the Okee-
heelee Superstars by a score of 10-1, never
giving the opposing team a chance. The
Farmers who enjoyed a 4-0 win/loss record
SEE page 15


Musgrove


'grateful to


be alive'


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

RESERVE .
Constable 90
Barron 'Tur-
bo' Musgrove
is grateful to
be alive after
the drowning
of one of his
fellow Police
officers during
a training ses-
sion in Good-
man's Bay.
Musgrove,
the president of the New Provi-
dence Cycling Association and
one of the country's top cyclists,
was a part of the 20-plus class
that was doing a two-week train-
ing course in firearms.
. They were going through
water training in Goodman's
Bay on Wednesday when fel-
low officer Desmond Burrows
died after getting into difficul-
ties.
Musgrove, who was rushed to
Doctor's Hospital where he was
resting as he recovered from the
ordeal, said he was still trying
to some to grips with what hap-
pened.
"I really don't remember too
much because when I came out
of the water, I collapsed," he
stated. "I reached that point
where my body was just
fatigued.
"I couldn't believe what hap-
pened. I'm still trying to get a
clear picture of what happened."
Musgrove, who turns 40 on
September 13, said he had been
a reservist for just about a year.
He added officers were going
through the second day of the
two-week course when the inci-
dent occurred.
"In any type of military work
like this, you have to go through
a training process," he said. "So
we knew that we had to do the
training. We didn't expect it to
end up like this."
Lying in his bed, Musgrove
said he was thankful to God that
more lives were not lost.
He expressed his condolences
to the family of Burrows. While
grateful to be alive, he said his
prayers went out to the Burrows
family.
With the Tour de Grand
Bahama being staged in the next
two weeks, Musgrove said he

SEE page 15


men's 4 x 400 team


- -- -- -






FRIDAY, JULY 18, 2008, PAGE 13


BAHAMAS ASSOCIATION OF ATHLETIC ASSOCIATIONS

&

MEMBERS OF THE ORGANIZING COMMITTEE


5 Scotiabank


For Sponsorship of the Scotiabank
Olympic Trials
l~s w.'. .


SCOTIABANK OLYM

Gold Chandra Sturrup
Debbie Ferguson
Leevan Sands

Lavern Eve
Shamar Sands
Bianca Stuart


Silver Michael Mathieu
Trevor Barry
Rodney Greene
Derrick Atkins
Adrian Griffith
Shamar Sands

Ramon Miller
Michael Mathieu
Avard Moncur
Andretti Bain


For Sponsorship of BTC Jr. National
Track & Field Championships
And
BTC Sr. Central American and Caribbean
Athletic Championships Team


[PIC TRIALS MEDALISTS Bronze Jamal Wilson HighJump 2.13m (6'11-3/4")


200m 22.78 Chandra Sturrup .
Triple Jump 17.29m (56'8-3/4") Tamicka Clarke
(New ChampiomhipsRewrd) Debbe Feg n ..
Javelin 63.67m (208'10-1/2")
I 10mi Hurdles 13.32w Sasha Rolle Women's 160 ',n 53" -57
LongJump 6.54m (21'5-1/2") .stine .
Zakietha Fehiel
Crystal Strachan
400m 45.66
High Jump 2.25m (7'4-1/2")
Men's 400m Relay 39.22. IAAF WORLD JUNIOR CvHARTSS

Gd.. Shen oom .:
e P, 00.eq:^ m :- *:.i .,





Men's 1600m Relay 3:02.48
,- -.


Event Sponsors
Bahamas Ferries
Creative Works (Just Rush)
Devins Photo
IBM Bahamas Ltd.
Windshield House
ZNS


Suppliers
Burns House
Caribbean Bottling CO (Bahamas) Ltd
Micronet Business Technology
Migrafil Security International Ltd


QE Sports Center Crew, Royal Bahamas Police Force, Athletes, BACO Officials,
Basil Christie's Attache/Protocol Crew, Fans, and all of the volunteers that made it possible!!

Special Thanks To
The Haitian National Track & Field Team
And the
IAAF Bahamas World Junior Team


THE TRIBUNE


,

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;~ "-


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. . ^. .. ..; ,.,



AL






PAGE14, RIDA, JUY 18 200 TRIUNEOPORT


YOUR CONNECTION/O THE WORLD






SAge: 23

SBirthday: April 30th.

Height: 6-feet.

Weight: 165-pounds.

High School: St. Augustine's College.

College: Auburn University.

o Major: Logistics.

Sports events: 110M Hurdles.

Personal best performances: 13.44
seconds.


Coach: Henry Rolle.

Favourite colour: Black.

Favourite-food: Macaromr and barbecue ribs.

Favourite song: Too many to choose.

Favourite movie: Too many to choose.

Hobbies: Playing video games.

Interest: Music and sports.

Idol: Father.

Parents: Tyrone and Virnetta Sands.

Sibling: Sherado, Sherea, Jason Sands.


BEIJING OLYMPICS








PROFILE


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PAGE 14, FRIDAY, JULY 18, 2008


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Bahamas winless so far at FIBA Americas Tournament


* By RENALDO DORSETT
Sports Reporter

THE BAHAMAS' third
game of the FIBA Americas
Tournament resulted in the
team's most closely contest-
ed loss. However it served
as little consolation for a dis-
appointing 0-3 tournament
record compiled thus far.
The Bahamas' third loss
came at the hands of
Uruguay in a 76-69 defeat
yesterday.
The loss placed the
Bahamas fourth in Pool B
b-hind Venezuela (1-2),
Puerto Rico (2-1), and pool
winners the United States
(3-0).
Argentina (3-0) took Pool
A, Canada (2-1) finished
second, Uruguay (1-2) third


Defeat by Uruguay places

them fourth in Pool B


and Mexico fourth (0-3).
Against Uruguay, the
Bahamas held a 37-33
advantage at the half in their
most productive outing of
the tournament, however
became undone by a third
quarter collapse.
The team was outscored
25-13 in a lopsided third
quarter as Uruguay took an
eight point advantage into
the fourth.
The lead grew to as much
as 14 in the final fourth but
was cut to just five points on
an Olen Smith basket with
1:14 remaining.
Uruguay converted on


free throws.down the stretch
to hold on for their second
win of the tournament.
Smith led the Bahamas
with 18 points and four
assists.


Donathen Moss posted a
double double with 10 points
and 12 rebounds while Leon
Cooper finished with 11.
David Nesbitt led the
defensive effort finishing
with five blocks, three steals,
and six rebounds to go along
with his 10 points.
Uruguay was paced by
Bruno Rodriguez and Math-


ias Persincula who finished
with 22 and 20 respectively.
The Bahamas shot just 37
percent from the field and
30 percent from behind the
arc.
Outsized as often the case
in international play, the
team was outrebounded, 48-
36 and were outscored in the
paint, 48-24.


Uruguay also doubled up"
the Bahamas at the free
throw line converting on 11
of their 32 attempts while
the Bahamas managed just
16 trips to the charity stripe.
The team has one addi-
tional opportunity for a win
when they face the winner
of the Venezuela-Mexico
matchup today.


Freedom Farmers do


the Bahamas proud


KNEELING LEFT TO RIGHT: Diego Duncombe, Alex Johnson,
T'Naige Wallace, Dillan Cartwright, Ajai Hart, Kennon Ramsey,
Devyn Munroe, Avard Hart. 2nd row standing Torres Ingraham,
- Tyler Kemp, Seth Fountain, Ennis Rahming, Dominique Collie,
Ramon Hart, Deandre Bannister. Back row left to right Coaches:
Earl RahmingsWillianiSeymour, Derek Munroe.


FROM page 12
was ceremoniously bumped up
to the B Division for the playoff
round again beating the
Acreage Hawks (Red) with a
score of 5-0.
Again the Farmers-were
bumped up to the A Division,
but fell to the Acreage Hawks
(White) with a score of 9-5 in
the championship game placing
second in a fifteen team tour-
nament. This was amazing to
say the least.
Of course the Farmers were
emotionally disappointed but
were hailed by all of the coaches
in the tournament as a funda-
mentally sound well prepared
team and looked forward to play-
ing them again.


Spectators for the Florida
based teams were highly compli-
mentary of the execution and the
high level of knowledge of the
game by the Bahamian Freedom
Farmers. The Floridians even
said that the team looked pro-
fessional and should be paid.
The organizers expressed a
keen interest in reciprocating by
attending any tournament that
could be arranged in the
Bahamas.
This tournament has shown a
glaring light on the need for a
"National Baseball Programme"
that should be embraced by the
government. Much should be
invested in our youth. It is clear
how beneficial this kind of pro-
gramme could assist in carving
the characters of these fine young
boys. This is needed year round.


Bahamas men's 4 x 400 placed

second in Olympic qualifier

FROM page 12
Their second best time was recorded in the preliminar-
ieS when the team of Nathaniel McKinney, Mathieu,
.Brown and Williams won heat one in 3:00.37.
When combined, the Bahamas has an average of 2:59.78.
The United Stptes topped the list with a gold medal
Rerfermance of 2:55.56 at the World's and 2:59.18 at the
Penn Relays this year for their average of 2:57.37. Jamaica
sits4in third place with times of 3:00.44 and 3:00.76 at Pen-
n's and the World's respectively. Their average is 3:00.60.
The women needed to run faster than 3:29.75 in order
to surpass China for the 16th and final spot to qualify
for Beijinig.
Their best was 3:35.57 by the team of Sasha Rolle, Chris-
tine Amertil, Sakeitha Henfield and Crystal Strachan in
, Cali, Colombia.


Musgrove: 'grateful to be alive'


FROM page 12
was hoping that he would have
been out training with his peers
rather than recuperating in
bed.
"I just wished that I can get
out here today," said Mus-
grove, who was admitted in
Doctor's Hospital on Wednes-
day night after he was rushed
from the Police College com-
plaining of chest pains.
"This was a training day for
us, so I really thought I would
have been out training with the
youngsters. but there's a rea-
son why I'm here. It's just
unbelievable."
When contacted, his wife,
Lisa, said their family was


grateful to God that an even
greater tragedy did not occur.
"We are just glad that he is
alive," she stated. "He was in a
lot of pain last night, but he's
doing a lot better today."
Jeff Major, the president of
Jeff's Auto Cycling Club, was
shocked when he heard the
news about Musgrove.
He offered his prayers to his
family on behalf of the cycling
community saying: "We want
to wish Barron Musgrove a
speedy recovery. I hope that he
can get back on his feet soon."
Musgrove's brother Roy
Colebrooke, who also serves
as the president of the
Bahamas Cyling Federation,
was unavailable for comment.


-I -.


Last Day For TDMA-Ntionwide


Sww.btcbaharma;s..corm.


FRIDAY, JULY 18, 2008, PAGE 15


TRIBUNE SPORTS












114 take part in


Annual Duke of


Edinburgh Charity



Golf Tournament


FOR the 114 players at the
8th Annual Duke of Edin-
burgh Charity Golf Tourna-
ment it was a rough day on
the green.
The players hit the Ocean
Club Golf Course early Sun-
day morning (June 29) each
with some very different
expectations.
There were some players
hoping to hit the hole-in-one
on. the 12th hole and walk
away with a brand new Mer-
cedes Benz donated by Tyre-
flex Star Motors. Other
golfers were hoping to win
the top prize that would land
them a trip to Great Britain
to play in the Duke of Edin-
burgh Cup Finals.
Then there were some who
simply wanted to finish the
*day without embarrassment
- they may not have been
that lucky. Regardless of
their reasons for entering the
tournament, they all had one
soul purpose, to contribute


"To date, Kerzner International,
through this golf tournament,
has raised more than $600,000
to help keep the programme
going."

Kerzner president and managing
director George Markantonis


to the growth and develop-
ment of young Bahamians.
Despite some close drives
by the players; the car, beau-
tifully displayed on the
green, never found a new
owner. The pulsating heat
didn't seem to help many of
the golfers who complained
about being 'off'. They all
seemed quite happy to wrap-
up tournament play and
head inside for the awards
ceremony where they could
find much cooler tempera-.


tures, beverages and food.
With the help of major
sponsors like Sun Tee, John
Bull, Bahamas Food Ser-
vices, The Tribune, and Tyre-
flex Star Motors; Kerzner
International was able to
donate $45,000 to the Gov-
ernor General Youth
Awards Programme. Chair-
man of the Governor Gen-
eral Youth Board of
Trustees Sir Orville Turn-
quest accepted the cheque
presented to him by Kerzner
president and managing
director George Markanto-
nis.

Generosity
Sir Orville said: "The Gov-
ernor General Youth
Awards Programme
(GGYA) is possible due to
the generosity of the persons
in this room. It takes about
$300,000 annually to run the
organisation and this golf
tournament is by far our
largest event."
Mr Markantonis said:
"Kerzner International is
proud to be associated with
the Governor General Youth
Awards. More than 5,000


(L) BRITISH AIRWAYS district manager Adrian Barton and Kerzner president George Markantonis (R) pre-
sent trophies to tournament winners Mark Carter and Roger Chow How.


Bahamian children have
passed through this pro-
gramme and we're pleased
to say we had some involve-
ment in their development.
To date, Kerzner Interna-
tional, through this golf tour-
nament, has raised .more
than $600,000 to help keep
the programme going."
Also on hand for the
awards ceremony was Gov-
ernor General Arthur Han-
na.
"I wish to thank Kerzner
for yet another example of
community spirit. To the
players I hope they enjoyed
the game and to the same
extent, the spirit of giving to
the young people of this
country," he said.
With the main purpose of
the event out of the way, the
players were eager to see just
how well some faired and
just how dismal other golfers
played.
In the ladies' category,


Ineke Daniels walked away
with a ladies Movado watch
and a Nikon digital camera
for getting closest to the pin
and the longest drive. Jan
Pyfrom claimed top prize
(Tiffany & Co Atlas Collec-
tion Crystal Bowl) for the
straightest drive.

Winning
In the ,men's category,
Colyn Grant was closest to
the pin. He got a men's
Movado watch for that.
Devaughn Robinson had the
longest drive, winning a
Nikon digital camera and
Felix Stubbs had the straight-
est drive, which earned him a
Tiffany & Co Atlas Collec-
tion Crystal Carafe.
In the foursome's category
the standings looked like
this:
4th place Purity Bakery
(William Whitaker, Helena


- .,,-. *


MONDAY SATURDAY
10 A.M. 2 P.M.


rn


101.9
101.9


Celebrating 5 years


Whitaker, Jan Daniels, and
Ineke Daniels).
3rd place Nihon Fami-
ly (David McGrath, Jerry
Forrester, Curtis Robinson,
and Sean McCarroll).
2nd place Insurance
Management (Eddie Carter,
Andrew Burrows, Mark
Carter, and Roger Chow
How).
1st place- Bahamas
Waste (Marvin Bethel, Tom
McDermott, Phil Andrews,
and Nelson O'Kelly).
However, what everyone
was waiting to hear was who
Would be the lucky four
heading to the Duke of Edin-
burgh Cup Finals in Great
Britain, sponsored by British
Airways.
Those spots went to Phil
Andrews and Nelson O'Kel-
ly who finished second with a
score of 62 (-10). The tour-
nament winners were Mark
Carter and Roger -Chow
How who finished with a
score of 58 (-14).
Mr Carter and Mr Chow
How walked away with the
trophies and will be joined
by Mr Andrews and Mr
O'Kelly as all four men will
represent the Bahamas at the
Duke of Edinburgh Cup
Finals in Windsor, Great
Britain.
They'll spend four days
playing at the prestigious
Wentworth Golf Club with
the hopes of joining the
ranks of other past Bahami-
an winners like Thomas
Bethel who won the compe-
tition in 2006, and Dean
Hogaboam, who came 3rd in
2004.


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


PAGE 16, FRIDAY, JULY 18, 2008


THE TRIBUNE















TRIBUNE


FRIDAY, JULY 18, 2008


* ~ I I
U W
*th


By NEIL HARTNELL
Tribune Business
Editor
INITIAL moves have
begun to revive the pro-
posed 2,000-acre investment
project at Freeport's Bar-
bary Beach area that is sup-
posed to be undertaken by
Morgan Stanley, sources
have told Tribune Business,
with the Port Authority
Group of Companies wanti-
ng to ensure the land
remains free for develop-
ment purposes.
It is understood that the
options being explored by
the Grand Bahama Port
Authority and its Port
Group Ltd affiliate include
either finding another devel-
oper for the site, if Morgan
Stanley is unable or unwill-
ing to proceed, or finding a
joint venture partner for the
blue-chip Wall Street invest-
ment bank.
Among those interested
in the Barbary Beach pro-
ject, and the possibility of
becoming lead developer or
joint venture partner with
Morgan'Stanley, is a group
with Middle Eastern origins,
numerous sources have told
Tribune Business. The prin-
cipals' identities are not
known.
Erik Christiansen, Port
Group Ltd's newly-appoint-
ed chairman, did not return
Tribune Business's call yes-
terday seekingc'bmment
before press time, despite a
detailed phone message hav-
ing been left.
Morgan Stanley is under-
stood to have secured a
nine-month extension to
close the initial land deal,
which would pave the way
for the Barbary Beach pro-
ject, at the beginning of
2008. The investment bank
had already paid a deposit,
which some sources suggest-
ed had now gone 'hard' -.
meaning it was past the
deadline at which it could be
reclaimed by the purchaser,
and instead was set to pass
to the vendor.
The initial land deal, val-
ued at around $50 million,
was supposed to see Devco
(the Grand Bahama Devel-
opment Company) sell its 50
per cent stake in the Bar-
bary Beach land to Morgan
Stanley, which would then
find itself as a 50/50 partner
in a joint venture with Port
Group Ltd.
However, the Barbary
Beach project has been left
'hanging' for some time,
having been disrupted by the
global credit/liquidity crunch
impacting all Wall Street
investment banks, including
Morgan Stanley, and the
ongoing dispute between the
GBPA and Port Group
shareholders the Hayward
and St George families.
Above all, the Port'is con-
cerned that the Barbary
Beach site does not become


SEE page six


Moves to Pevive

Mopgan Stanley

development


I

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t
n

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is
fi


UAJCIIO5 UVOIN

security

measures

* By CARA
BRENNEN-BETHEL
Tribune Business
Reporter
DESPITE the current eco-
nomic slowdown and the chal-
lenges many Bahamian busi-
nesses are experiencing in trying
to reduce operating expenses,
one area they are sparing no
expense on is security.
Security professionals yester-
day said the. rise in crime had
created panic among some busi-
ness owners, prompting them
to seek professional services to
protect their property, employ-
ees and income.
Now, security companies are
enjoying the profits from the
increase in business.
An officer at a security com-
pany, who asked not to be
named, said his firm had seen
business increase in the recent
months.
"Some people are afraid that
because things are so hard on
people they will have less cash,
so they will go out and rob even
if they never really thought
about doing it before. Busi-
nesses are are hiring us," he
added.
Andrew 'Blue' Johnson, of
Elite Security Agency, told Tri-
bune Business that the security
industry has seen a steady
increase in business over the
last few years.
He explained that this was
because many business owners
simply did not want to take the
risk of losing valuable income in
the event of a robbery.
"What we are seeing is per-
SEE page five


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Tourism needs 'new createA'niche

market' for

life and character' Bahamas

fashion?
E By NEIL HARTNELL Fashion show organiser mulls two
Tribune Business Editor Nassau events per annum By NEIL HARTNELL
Nassau events per annum if debut Tribune Business
THE Bahamas needs more proves successful Editor
events such as the Bahamas Inter-
national Film Festival (BIFF) and Says more events like it and Film SIGNING the Economic
the Islands of the World Fashion Festival needed to refresh and revitalize Partnership Agreement (EPA)
Week to revitalise its tourism Festival needed to refresh and revitalize could give Bahamian fashion,
product, the latter's organiser said 'stagnant' tourism product garment and accessories design-
yesterday, arguing that they ers the opportunity to carve out
"bring new life and character" to Inaugural event still on target for a "niche market" in Europe for
a "stagnant" product. 1,000-2,000 persons their products, a fashion show
Owen Bethel, the Bahamian 1 -,0 pe ns organiser told Tribune Business
banker organising the Islands of yesterday.
the World Fashion Week, told infuse more uniquely Bahamian "We need events spread Banker Owen Bethel, organ-
Tribune Business that with culture into its tourism product, throughout the year. These two iser of the Islands of the World
stopover tourist arrivals to this plus improve labour productivity events come in the last quarter Fashion Week, which is sched-
nation remaining relatively flat, and service to levels consistent of the year, and we need to look tuled to be held in the Bahamas
:here was a need for the Bahamas with a five-star, top-quality expe- at events in the first and second this November, said that
:o develop more specialist events rience. quarters." whether the EPA would create
such as his to refresh its tourism Mr Bethel indicated that if the Meanwhile, Mr Bethel, presi- an avenue for Bahamian cloth-
product. inaugural Islands of the World dent and chief executive of the ing designers to access the Euro-
"I've always felt the product is Fashion Week was successful, he Nassau-based Montaque Group, i pean market on more competi-
critical in attracting stopover and would look at doing two such owner and financier of Islands of the models," he told Tribune tive terms would be among the
repeat visitors to it," Mr Bethel shows per year to ensure such the World Fashion Week, said Business. "We certainly antici- topics discussed at a forum held
said. events were spread throughout the event was still on course to ate 300-400 to coincide with the show.
"We have either allowed the the tourism calendar, attract between 1,000-2,000 per- "If that is an indication and Adding that there was
product to become stagnant or "New York has Spring and Fall sons, at least some five-times that's only theist from one ub- "tremendous potential" to
iot created new product to keep fashion shows. If we're success- more than the 200-300 he had liist's list of invitees takingthat develop and grow a Bahamian
t alive. Certainly, new events like ful, there's nothing to say the previously budgeted, as a guide to persons interested in fashion industry targeting niche
his, like the'Film Festival, bring Bahamas can't have one fashion With anticipated attendance omin markets Mr Bethel told Tribune
lew life and character to the were in April, May or June, and a "still basically in that ball park", certainly be on target .for the Business: "I only look at what
Bahamas. fall fashion week," Mr Bethel Mr Bethel said the picture regard- 1,000-plus figure or thereabouts designers from other islands in
"There a need to look more said. ing likely arrivals figures would for th event."eabouts the region'have been successful
nto this area, and not stop at this "One of the unfortunate things, become clearer after a reception If attendance predictions come at, and are able to do. They get
nd those that might be success- which is why I thought long and' he was hosting in Miami tomor- true then over a four day-peri their lines out into the US mar-
ul." hard about this, is that the timing row, timed to coincide with Mia- od he Britis C lonial Hilton, ket.
Tourist arrivals for the first four [for Islands of the World Fash- mi Fashion Week. "There's a whole European
months of 2008 showed a mod- ion Week] is so close to Film Fes-: "We are hosting a reception p i market which is as yet untapped.
st 0.2 per cent increase, with a tival Week. there for designers, media and SEE page 11 The discussions over the EPA
.5 per cent rise in air (stopover) are interesting, and one of the
rivals, although the growth was areas the forum will look at it is
generated only in the Family r e 11 whether the EPA provides an
islands. Dsll onaire USed Bananuan opportunity for the fashion
There is an increasing suspi- industry and give us an
ion that while the Bahamian j edge/angle in exporting to that
tourism industry has been buffet- tit s to ev ad e tax es market. Is there a niche market
d by external .events outside its en i i s t eIZJ .I dA .^ in Europe we can tap into?"
control, such as the global eco- Mr Bethel said Islands of the
omic downturn and Western 0 By NEIL HARTNELL Bahamas to the UK. World Fashion Week was
hemisphere Travel Initiative Tribune Business Editor The Senate subcommittee's latest hearing into intended to be a "catalyst" for
WHTI), this has only served to so-called 'tax havens' left the Bahamas and its the development and growth of
exacerbate its internal issues. A BILLIONAIRE US real estate developer financial services sector largely unscathed, its a fledgling Bahamian design and
Apart from the need to refresh used Bahamas-registered corporations and bank main ire being reserved for the Swiss bank, UBS, fashion industry.
lant, and improve road and air- accounts as part of a structure to evade $52 million and the jurisdiction of Liechtenstein and its LGT is a Oth e of the
ort infrastructure, the Bahamas in American income taxes, it was revealed by a financial institution. fashion industry in the Bahamas
also grappling with the need to US Senate report yesterday. The only time this nation really featured was in bringing together the experts in
Igor Olenicoff, the California-based president the section of Mr Olenicoff, which recalled how all fields of the industry the
and owner of Olen Properties Corporation, was between 1992 and 2005 he had opened "multiple models, seamstresses and
-m p am cited as one 'case study' by the Senate's perma- accounts at banks in the Bahamas, England, designers and getting a con-
om paniesU nent subcommittee on investigations, having Liechtenstein and Switzerland" in the names of certed effort on how the industry
already reached a plea agreement with the US offshore companies that he controlled, can move further forward.
pR no Justice Department on transactions that at one "We will tie that in with things
point involved an $89 million transfer from the SEE page five
mu nnrnaun nna SEE page six


i -- - - - -- - .. .. .. -- - -- -- - --


LZ


MUTUALFU









PAGE B, FIDAY JUL 18, 008UHEITNBUN


Gas stations impose



credit card surcharge


The office of the

Public Workers'

Co-operative Credit

Union Limited will,

be closed on Friday,

July 25th, 2008, for

the Annual Staff

Fun Day.


American Express fees said by station

owner to be higher than rival's


bers are on the verge of
financial ruin, something that
is leading many to curtail
their expenses any way they
can.
An employee at Esso On
the Run, at Carmichael
Road and Faith Avenue, told
Tribune Business that about
a month ago the station
implemented a 5 per cent
credit card payment sur-
charge to absorb the bank
and card company fees.


Vasco Bastian, an Associa-
tion member from the East
Street'and Solider Road
Esso, explained that while
the MasterCard and Visa
card, plus bank fees, were
fairly manageable, American
Express fees were much high-
er. In many cases, this made
it "not in the best interest"
of the station to accept
American Express card pay-
ments.
"I am not sure exactly what


the fees are, but American
Express is significantly high-
er. Let's say Master Card and
Visa are around 1.2-2 per
cent, then American Express
is around 5 per cent, which
makes the cost per transac-
tion much higher," Mr Bast-
ian said.
He stressed that his station
does accept credit cards and
did not charge extra for it,
although he does have a $20
minimum on gas and in-store
purchases.
He added that other gas
stations were finding it diffi-
cult to do so.


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* By CARA
BRENNEN-BETHEL
Tribune Business
Reporter
MANY Bahamian gasoline
service stations are now
imposing surcharges on cred-
it card transactions of up to 5
per cent to make a profit on
these sales, some having gone
as far as banning these sales.
In the wake of escalating
operating costs, and given
that the Government has not
granted an increase in the
fixed margins for unleaded
gasoline and diesel sales, the
Bahamas Petroleum Retail
Association recently said that
up to 75 per cent of its mem-


B\ British
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F ( N A V C j A t


_ I __.~_ ..., __ __~


I


MMINNUTAi
7, P.^^^^^^^^^^^^


THE TRIBUNE


PAGE 2B, FRIDAY, JULY 18, 2008








FRIDAY, JULY 18, 2008, PAGE 3B


THE TRIBUNE


Witness reveals 'tax



evasion' techniques


* By DESMOND BUTLER
Associated Press
Writer
WASHINGTON (AP) -
A man wanted by Liechten-
stein for leaking secret bank-
ing information that identi-
fied millionaire tax cheats
across Earope and the Unit-
ed States has described to
congressional investigators
how money was concealed.
Lawmakers played a video-
tape of the testimony by
Heinrich Kieber at a con-
gressional hearing Thursday
that revealed rare details of
offshore practices at two
European banks. At the
hearing, Swiss banking giant,
UBS AG, announced that
because of recent revelations,
it will stop offering U.S.
clients offshore services
through branches based
abroad.
Kieber appeared only as a
silhouette against a white
screen with eyeglasses and a
balding head apparent.
Kieber is living under a new
name in an undisclosed wit-
ness protection program,
according to lawmakers. He
has never spoken publicly
about his role in exposing tax
shelters he says were used by
Liechtenstein's LGT group.
In the videotaped interview
with the congressional inves-
tigators, he described ruses
that he saw while working at
the bank, which he said were
used to cover the tracks of
money moved into accounts.
The hearing by the Senate
Homeland Security and Gov-
ernmental Affairs investiga-
tions subcommittee high-
lighted offshore tax abuses
that they believe cost the
U.S. government about $100
billion a year.
The hearing came a day
after the panel released a
109-page report that took
aim at LGT, owned by
SLiechtetein's royal family,
largest wealth managers.
Mark Branson, chief finan-
cial officer of UBS' global
wealth management, said at
the hearing that the bank
regrets "any compliance fail-
ures that may have occurred"
and will now provide banking
or security services to U.S.
citizens only through compa-
nies licensed in the United
States. He said the bank also
is working with U.S. authori-
ties to identify clients


Videotape of testimony played

at congressional hearing


involved in U.S. tax fraud.
LGT refused to send a rep-
resentative but said in a state-
ment that it had cooperated
by sending a senior official
for a lengthy interview and
providing all the documents
requested by the panel.
Both LGT and UBS came
under withering criticism
from the lawmakers.
"Tax havens are engaged
in economic warfare against
the United States and hon-
est, hardworking American
taxpayers," said Democratic
Sen. Carl Levin, chairman of
the subcommittee. "Today
we will look at two banks
that relied on secrecy and
deception to hide, not just
the tax avoidance schemes of
their clients but the actions
they themselves took to facil-
itate U.S. tax evasion."
UBS has said it is cooper-
ating with a Swiss investiga-
tion as well as an expanding
U.S. probe of taxpayers who
may have used overseas
accounts to hide assets and
avoid taxes. UBS has
promised to disclose records
involving U.S. clients who
might have broken tax laws.
It also has banned its Swiss
bankers from traveling to the
United States.
U.S. authorities also have
asked the Swiss government
to help in the U.S. investiga-
tion.
Swiss Finance Ministry
spokesman Jean-Michel
Treyvaud said that Swiss tax
authorities received a U.S.
request for "administrative
assistance" on Thursday.
He said the request would
now be analyzed, but he said
nothing further.
T"he subcommittee report
said thathLa US'.'.'nkers
ISfiarched oul.,Wifthlh U.S.
clients and aggressively mar-
keted services to taxpayers
who otherwise would not
have opened Swiss accounts.
It said the bank's practices
resulted in billions of dollars
of U.S. taxpayer money -in
accounts that were not dis-
closed to tax authorities.
The report said UBS has
estimated that it has 1,000
declared accounts in Switzer-
land for U.S. clients against
19,000 undeclared, with a


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INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

MINELLA LIMITED
In Voluntary liquidation

Notice is hereby given that in accordance with Section 137
(4) of the International Business Companies Act (No. 45
of 2000), MINELLA LIMITED has been dissolved and
struck off the Register according to the Certificate of Dis-
solution issued by the Registrar General on the 7th day of
July, 2008.

Joanne L. Gorrod
2 Thornton Hall
Upper King's Cliff
St. Helier, Jersey
JE2 3PG
Liquidator


Legal Notice


INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)
TRENTON INTERNATIONAL LTD.
In Voluntary liquidation

"Notice is hereby given that in accordance with Section 137
(4) of the International Business Companies Act (No. 45 of
2000), TRENTON INTERNATIONAL LTD. is in
Dissolution."

The date of commencement of dissolution is the 3rd day of
June, 2008.

Eurofund Limited
Suite E-2, Union Court Building
Elizabeth Avenue and Shirley Street
'Nassau, Bahamas
Liquidator


combined value of $17.9 bil-
lion.
Investigations linked to
LGT have been launched in a
number of countries since
German authorities obtained
in February the CD-ROM of
some 1,400 alleged tax cheats
with accounts at the bank
that Liechtenstein says
Kieber leaked. Germany has
since passed the file to other
countries, including the Unit-
ed States..
In his videotaped testimo-
ny, Kieber described shell
companies used as "high
grade camouflage." Money
was often transferred through
bank-controlled legal entities
registered in numerous coun-
tries with lax regulations,
including Panama, the British
Virgin Islands and Nigeria,
he said.
Additional concealment
was provided by fake trans-
actions designed to make it
look like clients had with-'
drawn cash from a bank,
when'in reality they were
credited into a LGT account.
"The only purpose of all of
this is to make it extremely
complicated for law enforce-
ment agencies to follow the
trail, as each step serves as a
filter to hide the track of the
client's money," he said.
He said that clients were
advised how to avoid scruti-
ny, including not telling any-
one including lawyers and
family members about hid-
den money. Clients were also
encouraged to use pay
phones to contact bank rep-
resentatives on cell phones
from Switzerland and Aus-
tria and to use code words in
communications.
LGT qWuetions,; her's
'objectivity and accueis im
of stealing the inforfma5n,
according to Michael Ko16n-
son, a spokesman for the
bank. ':
It says that much of the
information that Kieber has
provided involves records
going back to the 1970s and
1980s.
"LGT's practices were con-
sistent with accepted industry
standards of the time and do
not reflect the way in which
LGT conducts business
today," he said.


LOT NUMBER 20- BLOCK 8 OF SEA BREEZE















A- Four Bedrooms, two bathrooms, single-family residence, with living room, dining room,
family room, covered porch, foyer, kitchen, laundry room with own half bathroom and a
two-car carport. Building has an effective age of Twenty-two years and a gross floor area
of 3,395 sq, ft. Land size is 10,000 sq. ft.

The building is located on the southern side of Silver Palm Grove, 400 feet west of Silver
Palm Lane or 200 feet of Silver Palm Boulevard.
For conditions of sale and any other Information, please contact:
Credit Risk Management Collection Unit At:
502-0929 or 356-1608

Interested persons should submit offers In writing addressed to:
The Manager, Credit Risk Management-Collection Unit
P. 0. Box N-7518, Nassau, Bahamas
To reach us before July 31, 2008
Serious Enquires Only







NOTICE


This is to advise that
















MS. APRIL DAWKINS

of Murphy Town, Abaco is no longer employed
with J.S. Johnson & Co., Ltd. and is not authorized
to transact any business on our behalf.



NSURANCE AGENTS & BROKERS


INSURANCE AGENTS & BROKERS


a. .. fl ac'- ..".-"
...-,CI O. ..... -..- -- -



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BUSINESSS










PAGE 4B, FRIDAY, JULY 18, 2008


THE TRIBUNE


Seeks pay


Congress seeks pay



check on mortgage



giants' executives

0 By JULIE claims. Frank said. compromise. .
HIRSCHFELD DAVIS I'm optimistic that we will be House Speaker Nancy Pelosi
Associated Press Writer ahlc to send (the Bush adminis- said she did not believe Bush i 1 .M


WASHING IO(N (AP) -(on-
grcss wants to require e\CelIul\ es
at Fannic vIac and I reddie Mac dto
have their pay packages approN ced
by the government as part tI a bill
to throw\ a federal lilclinc to the
mortgage giants.
The idea comes as la wmnakers
scramble to limit the potential tax-
payer costs of the rescue plan and
satisfy critics of the gos ernment-
sponsored companies who fear an
open-ended bailout.
Rep. Barney Frank. chairman
of the House Financial Ser\ices
Committee, also wants to iman-
date that the companies delay issu-
ing dividends until the\ reimburse
the government, if the Treasury
Department had to prop them up.
Frank. D-Mass.. said Thursday
the House plans to count any res-
cue effort under the overall $9.8
trillion statutory limit on the
national debt. That approach is
intended to answer charges that
the aid amounts to a blank check.
"The fact that any expenditure
under this bill would be subject to
the debt limit is a cap, in effect,
on the amount that you could put
here. That invalidates these


tr niion) something that they will
he able to accept," Frank said after
meeting with Sen. Christopher
[)odd. D-Conn. Banking Com-
mittee chairman. to hammer out
details.
Treasury Secretary Henry M.
Paulson has lobbied Congress for
quick approval of his plan to tern-
porarily empower the government
to extend unlimited lines of cred-
it to Fannie Mae and Freddie Mac
and buy their stock. The Federal
Reserve has offered to let the
companies draw emergency loans.
The companies' shares have
plummeted because of fears about
their financial stability. Fannie
Mac and Freddie Mac are private,
but they were .created by Congress
to encourage homeownership by
buying mortgages from banks. The
two hold or guarantee more than
$5 trillion in home loans almost
half of the nation's total.
The House plans a vote next
Wednesday on a housing bill
expected to include the help for
Fannie Mae and Freddie Mac.
President Bush has threatened a
veto unless there are changes, but
now is pressing to add the mort-
gage rescue as part of a broad


would follow through on i e veto
even though Democrats plan to
attach $3.9 billion in grants he
opposes to buy and fix up fore-
closed properties in areas hit hard-
est by the housing crisis.
"Let me get this straight. The
president is asking us to do some-
thing quite significant to address
this housing crisis, which has long
been neglected by his administra-
tion, and he is going to resent the
ability of state and local govern-
ments to buy up these proper-
ties?" Pelosi said. "I don't think
the president is going to veto this
bill."
Paulson says he does not expect
to use the new federal authority to
prop up Fannie and Freddie. By
granting it, however, Congress
would boost market confidence in
the companies and thus avert a
collapse that could ultimately
require the government to step in
with huge sums of money, he says.
He has refused to specify an
upper limit on the rescue power,
saying that doing so would wreak
market havoc.
But congressional analysts have
to issue a cost estimate for all leg-
islation before lawmakers vote.


Frank and Dodd are working to
find ways to lower the projections.
They are casting about for
"what things we can do here that
will give members and the tax-
payers some assurance that this
thing isn't a runaway horse," Dodd
said.
Paulson has asked lawmakers
not to subject the rescue authority
to the debt limit, which Congress
sets. By rejecting that request, law-
makers essentially would cap how
much the government could spend
to prop up the mortgage giants
without further approval from
Congress.
As of Tuesday, the national
debt that counts toward the limit
stood at just over $9.4 trillion,
roughly $375 billion below the
statutory ceiling. Congressional
leaders long have planned to
increase that cap to $10.6 trillion
before the end of the year.
The housing measure already
tightens controls on Fannie Mae


__- BAHAMAS


LIMITED

S R A


Bahamas Supermarkets Limited operates a leading
supermarket chain in The Bahamas. As a market leader,
the Company prides itself on delivering premier service
through its City Market supermarkets, having a strong
commitment to its customers, associates and community..
An opportunity for a Senior Accountant Financial
Reporting to join this market leader has arisen. The Senior
Accountant- Financial Reporting will report to the Chief
Financial Officer.

RESPONSIBILITIES
Verify and analyze departmental and store level operating
performance
Respond to store inquiries regarding store level profit and
loss statements
Provide management with accurate financial information
and analysis
Prepare yearend schedules to support external auditors
Research supporting detail for accounting transactions
Assist in the preparation of internal and external financial
statements and reports on a period, quarterly and year end
basis
Assist in compiling information for annual budgets
Monitor capital expenditure against budget
Ensure that period end reports are prepared in a timely
manner
Assist with special projects as required.
REQUIREMENTS
Bachelors' degree in Accounting
Experience in auditing is prefened
Must be proficient with MS Office and Outlook.
Must be detail oriented
Requires good analytical and problem solving skills
Requires good organizational and interpersonal skills.
Must be able to interact with auditors and various levels of
management. *
Human Resources Director
Bahamas Supermarkets Limited
East-West Highway P. O. Box N 3738 Nassau, Bahamas
Or e-mail to: humanresources@bahamassupermarkets.com
No telephone inquiries please

S .JAYNAL 141R,


f FG CAPITAL MARKETS
w ROYAL 'FIDELITY p KEA.VISORYSEICE

SC IF A L-*
BIEX LISTED & TRADED SECURITIES AS OF:
THURSDAY, 17 JULY 2008
BISX ALL SH-iARE INDEX 'CLOSE 1.821 50 1 CHG -0.38 I %CHG -0.02 I VTD -245.25 I YTD% -11.87
FINDEX / CLOSE 870 39 I YTD=% -8.57%K I 2007 28.29%
'." BISXB6-H4Mp.15 COM FOR ILMORE DATA& INFORMATION
52wk-Hi 52wk-Low ", .. -: :.s T:- a, C" a Cnan. e Dar's tC.I EPS Di. PE YaPel
1.95 1.51 -. II : 18 1 r1 .-003 1,000C 0 13- 000 134 C 00'
11.80 11.60 Bahamas Property Fund 11.80 11.80 0.00 1.086 0.200 10.9 1.69%
9.68 9.30 Bank of Bahamas 9.30 9.30 0.00 0.643 0.160 14.5 1.72%
0.99 0.85 Benchmark 0.89 0.89 0.00 -0.823 0.030 N/M 3.37%
3 74 3 49 Bahamas VVostp 3.49 3.49 0.00 '0.209 0.090 16.7 2.58%
2.70 1 48 Fidehlty Ban,) 2.35 2.35 0.00 0.055 0.040 42.7 1.70%
14.10 10.60 Cable Bahamas 14.04 14.04 0.00 1.121 0.240 12.5 1.71%
3.15 2 35 Colina H.FIlihijs 2.88 2.88 0.00 0.046 0.040 62.6 1.39%
8 50 4 80 CG-n=oronwIalth Bank (Sl) 7.00 7.00 0.00 210 0.440 0.300 15.9 4.29%
7.22 3 20 Consolidated Water BDRs 3.47 3.26 -0.21 0.131 0.052 24.9 1.60%
3.00 2 25 Doctor's Hospital 2.85 2.85 0.00 0.308 0.040 9.3 1.40%
800 602 Famguard 8.00 8.00 0.00 0.728 0.280 11.0 3.50%
13 01 12 50 Fnco 12.50 12.50 0.00 0.650 0.570 19.2 4.56%
14.75 I 1 65 First Ca rbtlan Bank 11.65 11.65 0.00 0.550 0.450 21.2 3.86%
3.10 5.05 Focol (S) 5.53 5.53 0.00 0.386 0.140 14.3 2.53%
1.00 1 00 Focol Cla;s 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%
S.00 5 50 IcD UtIlt"as 5.50 5.50 0.00 1,000 0.407 0.300 13.5 5.45%
12.50 860 J S Jo),rn 12.00 12,00 0.00 1.023 0.620 11.7 5.17%
10.00 10 00 Premier Real Estate 10.00 10.00 0.00 0.180 0.000 55.6 0.00%
5rIoer1 O.'er -Te -Counler rSeCLrlUes
52*'. -' : n i.r I Last 6..ce t\aasrn 'do.. EPE, D'. B = Eraiel
: 1..',i.. r,~.u ~ a


8 .00
0 54
41.00
14.60.
0.55
52wk-Hi
1.3231
3.0008
1.4020
3 7969
12.2702
100.0000
100.0000
1 0000
10.5000
1 0077
1 0119
1.0086


6 00
0 20
41 00
14 00
0 40
52wk-Low
1 2576
2.7309'
1 3467
3 3071
11 6581
100 0000
98 2100
1 0000)
5)(;1 I
1 )00))
1 0000
1 .OOOc


C. RPND I old ABDABI
BOhSrn.- uSp.rrnmark)tIs
RND H l,. Ii,
FurG ) r13B,) ,,.
Calna Bon'd Fund
Colin. MSI Pf..rr, d Fund
Cohlnn Mon.v Mark.t) Frnd
flide.hlly 1 h31,rnr s G & I Fund
Fid,.ity P ni-). In o 'IH-I FundI
CFAL L.l,-hat Bond Fund
Cl-. G)lo)n. Equity Funld
CFAL Hirh Gr de Bond Fundr
FCC Firi,, i .1 Pr. forred in0inme Fund
F. ...ir..1 )rowth Ftund
FG Fi D u1 1) D-verSlfled Fund


BISX ALL SI IARE IN0UFX D, "1,11
52 k I I L ,., I .,


6,0 5.0 ..... .....

P C.


6.00 6.25 6.00
0.35 0.40 0.35
C.oir.,a Oer.-Tre-Counler Securflles
41.00 i-, : 1 C.0
14.60 15.60 14.00
0.45 'C f. 4-.
BISX Li.st-.a .luiuai Funds
NAV YTD% Last 12 Months
1 323145""* 2.41% 5.21%
2990639--- -0.34% 9.15%
1 4019756 .-.- 1.96% 4.23%
3 6007* -5.17% 9.38%
12 2702--" 2.82% 5.73%
100.00"
99.956603" -0.04% -0.04%
1.00""
9.561 1 ** -8.94% -8.94%
1.0077 ..-- 0.77% 0.77%
1 0119 ..... 1.19% 1.19%
1.0086 '""- 0.86% 0.86%


Market Terms


YIELD last 12 month dividers divided by closing price
Bid S Buyrg price o Coll. ard Fidelity
Ask S Sellng price of Colina and fidllty
Last PriC Last traded over-the-counter price
Weekly Vol Trading volume of the prior wek
EPS S A company's reported earning per share for the lat 12 mtha
NAV Net Asset Vale
N/M Not Meanirgful
FINDEX The Fidelity Bahamas Stock Index January 1. 1984 100


1 1., LC C,10 13 1 1 i : .
0.000 0.480 NM 7.80%
-0.023 0.000 N/M 0.00%
4 450 2 7-.0 9 0 "r 70-;
1.160 0.900 13.4 6.16%
.0 023 0 Co00 N rP. .:. o" :
DIv$ Yield%


NAyV Key
- 31Mah 2008
"-31 December2007
**- 30 June 2008
... 31 April 2008
----- 31 May 2008
...... 27 June 2008


and Freddie Mac, creating a strong
regulator to oversee their opera-
tions. "We're going to make it
explicit" that the regulator would
have to approve executives' pay,
Frank said.
The rescue plan has sparked a
backlash among Republican law-
makers, many of whom oppose
the very existence of government-
chartered private mortgage com-
panies. They point to recent
accounting scandals at Fannie Mae
and Freddie Mac, lucrative pay
packages for their executives, and


their considerable expenditures
on lobbying to argue that the firms
abuse their special status to enrich
themselves and then expect tax-
payers to foot the bill when they're
in trouble.
Frank has also floated the idea
of giving Treasury a preferred class
of stock that would enable the
government to be reimbursed
before other shareholders in the
event of any collapse. Dodd has
questioned the idea, saying it could
discourage private investors from
buying the companies' shares.


. S. JOHNSON


INSURANCE AGENTS & BROKERS



Our

NASSAU, FREEPORT,

ABACO AND EXUMA

OFFICES






WILL BE CLOSED







Friday,



18t July 2008


INTERNATIONAL BUSINESS COMPANIES ACT. 2000
(No. 45 of 2000)


BORLAND INTERNATIONAL
SERVICES INC.


Notice is hereby given that in accordance with Sectionl38 (8)
of the International Business Companies Act, (No. 45 of 2000),
the Dissolution of BORLAND INTERNATIONAL SER-
VICES INC. has been completed, a Certificate of Dissolution
has been issued and the Company has therefore been struck off
the Register. The date of completion of the dissolution was 20th
day of June, 2008.


NOTICE

NOTICE is hereby given that MERCEDES PIERRE-
LOUIS of GOLDEN ISLES ROAD OFF CARMICHAEL
ROAD, P,O. BOX CR-559f,.LASSAU, BAHAMAIAS 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 11TH day
of JULY 2008 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.



NOTICE

NOTICE is hereby given that VINCENT THOMAS
SULLIVAN of HARBOUR ISLAND, NORTH
ELEUTHERA, 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 grated,
should send a written and signed statement of the facts
within twenty-eight days from the 11TH day of JULY
2008 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.



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




FOR SALE
Lot No. 23, Block 1 Unit 1
Cannon Bay Subdivision, Grand Bahama

All that parcel of Vacant Land containing 25,000
square feet or .57 acres situate in Unit 1 of Cannon
Bay Subdivision. The property is located on the west
side of Breech Drive, north of Cannon Ball Lane,
and is one hundred and twenty-five feet along the
waterway. All the roads are paved with asphalt and
all utilities are in place. The area is approximately
seven miles east of the Commercial District of
Freeport.

For conditions of sale and any other information.
please contact:
Credit Risk Management Collection Unit
At: 502-0929 or 356-1608

Interested persons should submit offers in writing
addressed to:
The Manager,
Credit Risk Management-Collection Unit
P.O.Box N-7518, Nassau, Bahamas

To reach us before July 31, 2008
Serious Enquires Only


Regular office hours for ALL

Branches will resume

Monday, 21st July 2008

We apologize for any inconvenience caused


- .PTAL M .ARKETE 242-398-4000 FQR MORE DATA A INFORMATION CALL ;?A2-94-2g03


~~~~~~k~~~~~~~~~Rk~~R~~~~~










THE TBUSIJN


FROM page one
Mr Olenicoff's mistake was
to fail to declare his offshore
holdings for the period 1998-
2004 and file a false tax return
with the US Internal Revenue
Service (IRS). His fate was tied
to that of Bradley Birkenfield,
a former UBS banker, who
earlier this year pled guilty to
"conspiring with Mr Olenicoff
to defraud the IRS and avoid
payment of taxes owed on
about $200 million worth of
assets" that had been trans-
ferred outside the US.
Detailing the two men's rela-
tionship, the US Senate report
said it began in 2001, when Mr
Birkenfieid was leaving his job
with Barclays Bank in Switzer-
land to join UBS.
"According to Mr Birken-
field, Mr Olenicoff had been a
client at Barclays Bank in the
Bahamas," the report alleged.
"He said that, after joining the
Qualified Intermediary (QI)
programme in 2001, Barclays
decided to close all of its
Bahamas accounts with US
clients, including Mr Olenicoff.
"Mr Birkenfield said that the
Barclays account manager in
the Bahamas telephoned him
to see if the Swiss office could
accept the Olenicoff account."
After Mr Birkenfield per-
suaded the US billionaire to
move his account from Bar-
clays .(which in the Bahamas


Billionaire
subsequently merged with
CIBC to form FirstCaribbean
International Bank Bahamas)
to UBS, Mr Olenicoff wanted
to open an account with the
latter in the name of Guardian
Guarantee Corporation, a
Bahamian company he con-
trolled.
"Mr Birkenfield provided
the account opening documen-
tation to Mr Olenicoff in Cali-
fornia, and to a Bahamas firm
that administered Guardian
Guarantee Corporation," the
Senate report found.
That company, which acted
as Guardian Guarantee Cor-
poration's registered agent in
the Bahamas, was the McKin-
ney, Bancroft & Hughes law
firm.
The Senate report drew on
an October 11, 2001, letter sent
to Hartis Pinder, an attorney
and partner at McKinney, Ban-
croft & Hughes, by Mr Oleni-
coff to prove the UBS account
opening, the document refer-
ring to the Bahamian law firm
as the "corporate office for
Guardian".
There is nothing in the
report to suggest that Mr Pin-
der, McKinney, Bancroft &
Hughes or any of its employ-
ees, or Barclays (First-
Caribbean) or any of its
employees did anything wrong


CHANCELLORS
CHAMBERS

Chancellors Chambers
will be closed on
Friday, 18th July, 2008

Our staff will be participating
in our annual Fun Day.

We shall return to normal
business operations
on the following
Monday, 21st July, 2008.









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Companies spare no expense
FROM page one

sons coming in who really thought that they could not afford to hire
security, but they now know they cannot afford to take the chance
of their business being hit," Mr Johnson said.
Just last month, concern over the high number of businesses
experiencing break-ins and robberies in the Carmichael Road area
prompted business owners there to hold a special business and
crime prevention strategy town meeting.
Also, there have in recent weeks been a number of brazen day-
light bank robberies, all of which have prompted the Ministry of
National Security and the police force to extend training to private
security personnel to help them better carry out their functions.


Legal Notice

NOTICE

LUCCILL TOWERS S.A.




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



ARGOSA CORP. INC.
(Liquidator)


REGISTRATION

$299/person

Friday, July 25,2008
8:30 am 4:30 pm
SuperClubs Breezes Hotel
Cable Beach


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Seats are Limited


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If you register by
July4th!



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leiJer. lw )-t,/ M C8


itcheic ,M,1 .ill?
i. FORWARD COiCHi t CihronCEp














. Contact: ',licheiip Miiier
Forward Coaching Concepts
Tel: (242) 429-67701 (242) 477.7705
Email: c a,':d,,ar. i ,,ah': oo:.


in relation to the Olenicoff
affair and his tax evasion. No
charges have been filed against
any of them in relation to the
episode.
Still, the US Senate report
found: "Mr Birkenfield agreed
to open the account, even
though he knew Mr Olenicoff
was the true beneficial owner
of the assets, and the Bahamas
corporation was being used to
conceal that ownership........
"In December 2001, Mr
Olenicoff transferred about $89
million from Barclays Bank in
the Bahamas to the new
Guardian Guarantee Corpora-
tion account at UBS in Switzer-
land.
Elsewhere, the Senate report
detailed how Mr Olenicoff's
assets were restructured, so
that shares in OLEN US,


A ROUND TRIP


TO ANY WHERE IN


Nl /4 A A'I fl it [I IllIlEL-


I '


t-hILUAY, JULY 18, 2008, PAUbE bb


THE TRIBUNE


which were held by a Bahami-
an company, were placed
under a Danish holding com-
pany. That would be formed
solely to hold the Bahamian
company's shares.
Mr Olenicoff said in a letter
to his bankers: "It is the pref-
erence of the current holder of
the stock, a Bahamian corpo-
ration, to move the ownership
to an onshore entity, but one
which provided complete
anonymity as to the beneficial
owners."
The report further alleged:
"On another occasion, Mr
Olenicoff appears to have
transferred substantial real
estate assets in the US from an
entity he controlled in the
Bahamas, National Depository
Company, to the Landmark
Settlement in Liechtenstein."


NOTICE
NOTICE is hereby given that ANGELIA ADORAT DORVIL
OF SAPPODILLA ROAD, NORTH EIGHT MILE ROCK,
GENERAL DELIVERY, 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 12th day of JULY, 2008 to the Minister responsible for
Nationality and Citizenship, P.O. Box N-7147, Freeport, Bahamas.


BAHAMAS I


S LIMITED -




Bahamas Supermarkets Limited operates a leading
supermarket chain in The Bahamas. As a market leader,
the Company prides itself on delivering premier service
through its City Market supermarkets, having a strong
commitment to its customers, associates and community.
An opportunity for a Senior Accountant to join this market
leader has arisen. The Senior Accountant will report to the
Chief Financial Officer.
RESPONSIBILITIES
Ensure that assigned accounts are reconciled with
variances from prior period and budget
Ensure that the period end reports are prepared in a
timely manner
Assist in providing data and analysis required by
operational, corporate staff and auditors as requested
Assist in system upgrades and/or conversions
Special projects as assigned from time to time
Ensure the consistent application of organization
policies
Supervise and direct staff
Train staff as appropriate.
REQUIREMENTS
Bachelors' degree in Accounting
Pursuing CPA certification preferred
3-5 years experience in accounting department
Must be proficient with MS Office and Outlook
Experience in AccPac is preferred
Requires good communication skills, both verbal and
written
Must possess excellent interpersonal skills
Must be able to interact with external customers,
auditors and various levels of management.
Human Resources Director
Bahamas Supermarkets Limited
East-West Highway P. O. Box N 3738 Nassau, Bahamas
Or e-mail to: humanresources@bahamassupermarkets.com
No telephone inquiries please

AiN JULYJ 14- :;


JEWELRY






STARTING

FROM AS LOW AS

Enter asli m iany llii t ime o i sh,




Tl: ,394i-7019 !










PAGE B, FIDAY JUL 18, 008USINTIBUN


Legal Notice

NOTICE

WESTBROOKE CORP.




Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of WESTBROOKE CORP. 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

LATERNENSTRASSE INC.




Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of LATERNENSTRASSE
INC. 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

FUBU HILLS INC.



Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of FUBU HILLS INC. 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

HALOGEN VALLEY INC.



Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of HALOGEN VALLEY INC. 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


OPAL TWENTY-EIGHT LTD.


Moves to revive Morgan Stanley development
FROM page one
tied down with an owner that does not develop it, and the land
is subsequently lost for development purposes.
It is not, though, blaming Morgan Stanley for the project's fail-
ure to proceed, given the global economic and financial situation,
coupled with the Port's shareholder dispute.
The Barbary Beach project had been billed by some as
Freeport's equivalent of what Kerzner International had accom-
plished on Paradise Island with Atlantis and the One & Only
Ocean Club.
Rick Hayward, son of Sir Jack Hayward, said in an affidavit
filed over the Port ownership dispute, that the Barbary Beach
project would cost "upwards of several hundred million dollars".
If it did not happen, he alleged that it would "be a significant
loss to the Freeport economy. Conservatively, billions of dollars
in infrastructure and other development investment would be
lost".
The Morgan Stanley project, Mr Hayward alleged at the time,
had been in the planning stages since early 2006, and "had
reached a stage of maturity".
He added: "The development will include a number of hotels,
significant entertainment facilities, residential development,
roads and infrastructure.
"It will also include sporting facilities, such as pools, golf
courses, tennis courts and a marina."


Legal Notice

NOTICE

GABLED CORAL INC.



Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of GABLED CORAL INC. 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

CAMBODIAM INC.



Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of CAMBODIAM INC. 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

LUGO STREAMS INC.



Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of LUGO STREAMS INC. 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

SANTA CLAUS VALLEY LTD.

(In Voluntary Liquidation)


FROM page one
in the outside world. We need to
look outside. Unfortunately, every-
one has so far remained within the
borders, and not looked regional-
ly or internationally.
"Hopefully, this event is a cata-
lyst that moves this forward, bring-
ing stakeholders into a forum and
seeing where we go."
There were several couture-style
designers in the Bahamas, Mr
Bethel said, but they usually pro-
vided design services to individuals
on request and had not moved
towards commercial production,
It was the same with seam-
stresses, who provided their ser-
vices to individuals again, and had
not developed into retail business-
es.
Given the strong Bahamian
tourism industry, Mr Bethel said
selling fashion, garment and acces-
sories products to visitors was a
natural market, especially if they
were of good quality and authen-
tically Bahamian. These products
could also easily be taken back to


'Niche marker
their home countries by tourists.
Mr Bethel added: "I see the
proximity to the US and the tourist
trade as being significant. The fact
is that if it's quality and home-
grown, they should be selling, and
if they cost more than any 'rip-off
designer fakes, people pay more
for quality items produced in the
Bahamas."
The Internet and on-line e-com-
merce sales was another avenue
that could be exploited to kick-
start a Bahamian fashion industry,
Mr Bethel said, given that many
persons bought clothing after shop-
ping for it, then ordering, on-line.
"The marketing effect that is
there from the Internet is just phe-
nomenal," Mr Bethel told Tribune
Business.
"We as a people need to see
there is a whole world beyond the
borders of the Bahamas that is
accessible if you have the right
product. Are we making adequate
use of the vehicles that are there?"


Legal Notice

NOTICE

ART DESIGN LIMITED



Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of ART DESIGN LIMITED 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

LIBERTY CRUSADE LTD.,




Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of LIBERTY CRUSADE 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


FIREWEED VALLEY INC.



Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the dissolution of FIREWEED VALLEY INC.
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

OCEAN POINT VALLEY CORP.




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



ARGOSA CORP. INC.
(Liquidator)


Notice is hereby given that in accordance with section 138
(8) of the International Business Companies Act 2000, the
dissolution of OPAL TWENTY-EIGHT 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)


Notice is hereby given that the above named
Company is in dissolution, which commenced
on the 23rd day of June 2008. The Liquidator
is Argosa Corp. Inc., P. 0. Box N-7757 Nassau,
Bahamas.



ARGOSA CORP. INC.
(Liquidator)


THE TRIBUNE


PAGE 6B, FRIDAY, JULY 18, 2008











THE TRIBUNE FRIDAY, JULY 18, 2008, PAGE 7B
I I .


GOVERN


ENT


GN-714


NOTICE






Office Of The Prime Minister


THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (AMENDMENT OF FIRST
SCHEDULE) (NO. 2) ORDER, 2008


The Minister, in exercise of the powers conferred by section 4 (2) of the
Local Government Act, makes the following Order -


Citation. 1. This Order may be cited as the Local Government (Amendment of First
Schedule) (No. 2) Order, 2008.


Repeals and 2. The First Schedule to the Local Government Act is repealed and replaced
replaces by the following -


FIRST SCHEDULE
-Local Government Districts


The District

Grand Cay


(section 4(2))


Boundaries

North Abaco Constituency
Polling Division No. 1


North Abaco North Abaco Constituency
Polling Division Nos. 2, 3,4, 5 & 6


Green Turtle
Cay

Central Abaco


North Abaco Constituency
Polling Division No.7

North Abaco Constituency
Polling Division Nos. 8, 9, 10 & 11

South Abaco Constituency
Polling Division Nos. 4, 5, 6 & 7


South Abaco South Abaco Constituency
Polling Division Nos. 8, 9, 10 & 11


Hope Town South Abaco Constituency
Polling Division Nos. 1, 2 & 3


Moores Island


Acklins


Crooked Island
and Long Cay


, South Abaco Constituency
Polling Division No. 12

MICAL Constituency
Polling Division Nos. 4, 5, 6 & 7

MICAL Constituency
Polling Division Nos. 1, 2, 3 & 8


North Andros North Andros-.onstituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 9 & 10


Central Andros


North Andros Constituency
Polling Division Nos. 11, 12 & 13


South Andros Constituency
Polling Division Nos. 9A, 9B, 10, 11 & 12

South Andros South Andros Constituency
Polling Division Nos. 1, 2, 3, 4, 5 & 6

Mangrove Cay South Andros Constituency
Polling Division Nos. 7 & 8

Berry Islands North Andros Constituency
Polling Division No. 8

Bimini West End & Bimini Constituency
Polling Division Nos. 8, 9, 10 & 11


Cat Island Cat Island, Rum Cay &.San Salvador Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7 & 8
Black Point Exuma Constituency
Polling Division Nos. 1, 2 & 3
Exuma Exuma Constituency
Polling Division Nos. 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 & 15
Harbour Island North Eleuthera Constituency
Polling Division Nos. 1, 2 & 3
Spanish Wells North Eleuthera Constituency
Polling Division Nos. 4, 5 & 6
North Eleuthera North Eleuthera Constituency
Polling Division Nos. 7, 8, 9, 10 & 11
Central Eleuthera North Eleuthera Constituency
Polling Division Nos. 12, 13 & 14
South Eleuthera Constituency
Polling Division Nos. 9, 10, 11, 12 &13
South Eleuthera South Eleuthera Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7 & 8
East Grand High Rock Constituency
Bahama Polling Division Nos. 1, 2, 4, 5, 6 & 9B
West Grand West End & Bimini Constituency
Bahama Polling Division Nos. 1, 2, 3, 4, 5, 6 & 7
Eight Mile Rock Constituency '
Polling Division Nos.1, 2, 6, 7, 8, 9, 10, 11, 12& 13B
Lucaya Constituency
Polling Division No. 7B
City of Freeport Eight Mile Rock Constituency
Polling Division Nos. 3, 4, 5, 13A, 14 & 15
High Rock Constituency
Polling Division Nos. 3, 7, 8, 9A, 10, 11, 12, 13 & 14
Lucaya Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, iO, 11, 12, 13, 14, 15, 16 & 17
Marco City Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 &14
Pine Ridge Constituency
Polling Division Nos. 1,2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 & 13
Inagua MICAL Constituency
Polling Division Nos. 11 & 12


1 '


I


Citation.




Specification
of number of
Councillors.





Repeal
of S. I. No. 42
of 2008.


Long Island


Mayaguana

Ragged Island

Rum Cay.


San Salvador


Repeal


Long Island and Ragged Island Constituency
Polling Division Nos. 1, 2, 3, 4, 5, 6, 7, 8 & 10

MICAL Constituency
Polling Division Nos. 9 & 10
Long Island and Ragged Island Constituency
Polling Division No. 9
Cat Island, Rum Cay and San Salvador Constituency
Polling Division No. 9

Cat Island, Rum Cay and San Salvador Constituency
Polling Division Nos. 10 & 11".


3. The Local Government Act, (Amendment of First Schedule) Order, 2008


of S. I. No. is hereby repealed.
41 of 2008.


Made this )7)%ay of 2


,2008.


Signed:
Hubert A. Ingraham

Minister responsible for Family Island Affairs






THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (COUNCILLORS)
(SECOND SCHEDULE DISTRICTS) (NO. 2) REGULATIONS, 2008


The Minister, in exercise of the powers conferred by section 54 (a) of the
Lt l Goernrhent Act, makstthlfll6wilig RegalatiO6r ." .. .



1. These Regulations may be cited as the Local Government
(Councillors) (Second Schedule Districts) (No. 2) Regulations, 2008.


2. The Council of a district specified in the first column of the Schedule
to this Order shall consist of the respective number of Councillors specified in the
second column of the Schedule in relation to the respective constituencies and
polling divisions, town areas and settlements of that district, specified in the third,
fourth and fifth columns of that Schedule.


3. The Local Government (Councillors) (Second Schedule Districts)
Regulations, 2008 is hereby repealed.






SCHEDULE


the First
Schedule to
Ch. 37.


LOCAL COUNCIL CONSTITUENCY AND
GOVERNMENT MEMBERS POLLING DIVISIONS TOWN AREAS SETTLEMENTS
DISTRICTS _
NORTH ABACO North Abaco Constituency Little Abaco
3 Polling Division 2 Crown Haven, Fox Town
Mount Hope
Polling Division 3 Wood Cay &
Cedar Harbour
4 North Abaco Constituency Cooper's Town
Polling Division 4 Coopers Town

Polling Division 5 Fire Road &
Blac:wood
2 North Abaco Constituency Treasure Cay
Polling Division 6 Treasure Cay


South Abaco Constituency Marsh Harbour/
CENTRAL ABACO Spring City
4 Polling Division 4 Marsh Harbour
Polling Division 5 M..'sh Harbour
Polling Division 6 Marsh Harbour
Polling Division 7 Spring City
2 North Abaro Constituency Murphy Town
Polling Divisions 8 & II Murphy Town
3 North Abaco Constituency Dundas Town
Polling Divisions 9 & 10 DundasTown

SUTH ABAOSouth Abaco Constituency Cherokee Sound Cherokee Sound
SOUTH ABACO I Foiling Division 8 Cherokee Sound

I South Abaco Constituency Casurina Point & Bahama
Polling Division 9 Palm Shores

2 South Abaco Constituency Crossing Rock
Polling Division 10 Crossing Rock
3 South Abaco Constituency Sandy Point
Polling Division II Sandy Point


CENTRAL ANDROS South Andros Constituency Behring Point &
2 Polling Division 9A Cargill Creek Behring Point
Cargill Creek
Polling Division 9B Cargill Creek & Man-0-
War Sound
Polling Division 10 Bowen Sound

South Andros Constituency Fresh Creek
Polling Divisions I I &12 AUTEC, Andros Town.
Fresh Creek, Calabash
Bay, Small Hope Bay,
Love Hill













PAGE 8B, FRIDAY, JULY 18, 2008
J _ - i l


LOCAL
GOVERNMENT
DISTRICTS


COUNCIL
MEMBERS


2







7


3











3










3
















2




2




2







9


_____ J ___


'I4 ,.0


CENTRAL
ILEUTHEKA&


COUNCIL


3


7



2








2
,i







2






1
I "


CONSTITUENCY AND
POLLING DIVISIONS

Nortk AmdrsM Coaallkay
PollingDivision II

Naot Aadr&a CMas ueOcy
Polling Division 12

North Adrme Camilakllea
Polling Division 13



North Andres
Coestllmmcy
Polling Division I


Polling Division 2



Polling Division 6


North Andres
ComtitMency
Polling Division 3


Polling Division 4




Polling Division 5 /

North Andres
Couditiucy
Polling Division 7

Polling Division 9
Polling Division 10


Polling Division 2

Sal Aadres Coal-ituency
Polling Division 3


So tL Andre CoawUtematy
Polling Division 5





Polling Division 6


CONSTITUENCY AND I TO
POLlING DIVISIONS AREAS


Cat blind, Rum Cay & SaN
Salvador CoDatnenep
Polling Division I

Polling Division 2

Poling Division 3






cat Iilawd, R Cay & Se
Saivsdor Colllstiency
Polling Division4

PSlling Division 5


PollingDivision6



Polling Division






Polling Division 12
North Elethera
Polong Division 13

Polling Division 14


South EleMihera
COstalilmicy
Polling Divisions 9 &10

South Elauthera
Coasktaeey
Polling Divisions 11&12


Southl Eleuthera
CanFlltancy
Polling Division 13


Arthur's Town













TheBight

I!,,: A qA


TOWN
AREAS


Suaniard Creek


Lowe Sound











Nicholl's Town











Mastnic Point


Kemp's Bay


SETTLEMENTS-


Stafford Creek

Blanket Sound


Stani:ad Creek


Lowe Sound

Lowe Sound & the
partl of San Andros
west of the Queen's
Highway

ed Bays



Nicholl's Town
Morgan's Bluff

Nicholl's Town &
the Pan of San
Andros east ofthe
Queen's Highway

Conch Sound



BARC

Nortnh Manic Point

South Mastic Point






Mars Bay

Deep Creek, Pleasant
Bay, Little Creek.

Black Point,
Kemp's Bay.
Johnson Bay,
Smith's Hill


The Bluff


High Rock and
Duncombe
Coppice
Long Bay Cays.
Congo Town and
Motion Town

Driggs Hill


SETTLEMENTS


Dumfries. Arthur's Town A
Zion Hill
Orange Creek

Bennen's Harbour, Stevenson.
Industrious Hill, Ositors. The
Bluff Wilson Bay. Rokers &
Thurston Hill





Cove, Tea Bay, Smith's Bay
and Knowles

New Bight

Old Bight

Bain Town, Pot Howe &
Zonicle Hill

McQueen's&Devil Poinl


Olegory Town Grgry Town


Hatchet Bay

James Cistern


Governor's
Harbour


Palseno Poi.t




Savannah
Sound


Alice Town & Hatchet Bay

James Cistern Rainbow
Bay



Governor's Harbour



North & South Palmetto
Point


Savannah Sound &
Windermere Sound


LOCAL COUNCIL CONSTITUENCY 'AND TOWN
GOVERNMENT MEMBERS POLLING AREAS SELEME
DISTRICTS DIVISIONS


2


3











5

















4













9


South Eleatheam Constituicy
PollingDivision I

South Elthra CoMtlslsty
Polling Division 2

Polling Division 3

South Eleathra Coasithemecy
Polling Division 4


South Eleathers Conslitaeacy
Polling Division S


Polling Division 6

Polling Division 7

Poling DivisionS




Ex ma Conathuncy
Polling Divisions

Pollig Divi lon 9


Polling Divisions 10

Polling Divisions 11 A14



Polling Division 12

Polling Division 13

ExsmaCotlmeecy
Pollng Division 4

PollingDvision 5


Polling Division 6

Polling Divisions 7 & 15


Tarpum Bay


Rock Sound




Oreen Casle


Wemyss Bight












East Exuma
















We FExn m


TarpumBay


Rock Sound

Rock Sound

GreenCastle



Wemyss Bight
Millers & Jaohn
Millars
Deep Creek

Waerfoird

Bannennan Town





The Forest
aimomy Hill, MeeMl
Thonpson and
Ramsey
Hermitage, Tar Bay
and Moss Town

George Town, Jolly
HallaBahara
Sound

Rolle Town and
Hatswell

ForbesHill, Willims
Town and Fany

Bnaure & Aetts
Track
S Mmanor, Cirds
& Alexander

Rolleville

Farmer's Hill &
GilbenG..a
Stevo n. Rker's
Pois, Hns, Ocean
Bight & Calvin Hill


I I -


THE TRIBUNE

l .. ----- *I counciif I CONSTITUNCYv AND TTOWNAREAS I SETTLEMENTS .- .I


GOVERNMENT
DISTRICTS


MEMBERS


POLLING
DIVISIONS


________ I I I I


WEST GRAND
BAHAMA


2

3




2








7



2








3









2



/






2














9


High Rock Constituency
Polling Division I

Polling Division 2

Polling Division 6


High Rock Constituency
Polling Division 4


Polling Division 5


Polling Division 9B





West End & Bimini
Constituency
Polling Division 1

Polling Division 2

Polling Division 3


West End & Bilini
Constituency

Polling Division 4

Polling Division 5

Polling Division 6

Polling Division 7


Eight Mile Rock Constituency
Polling Division 6

Polling Division 7

Polling Divisions I & 9


Polling Divisions 10 & I


Sweeping's Cay


High Rock



Free Town













West End







Eight Mile Rock
West









Eight Mile Rock
Eas


Eight Mile Rock Constuency nders P
Polling Division 12


Lucaya Constituency
Polling Division 7B


Eight Mile Rock Constituency
Polling Division 13B

Eight Mile Rock Constituency
Polling Division I

Polling Division 2


Sweeting's Cay

High Rock

McCleans Town and
Pelican Point

Freetown, Bevans Town,
Gamnbier Point & Gold
Rock Creck

Waer Cay


Mather Town and Smith's
Point





West End

West End

West End





Holmes Rock

Matin Hill



Jones Town



Hepbuo Town


HBa Hill


Pinedale



Malin Town a Russell
Town


Willims Town & Russell
Town

Hunte'sTown nd
Mack Town

Lewis Yad

Pidler's Point


Made this / 7' ay of 2L ,2008.



Signed:
Hubert A. Ingraham


Minister responsible for Family Island Affairs










THE LOCAL GOVERNMENT ACT
(CHAPTER 37)


THE LOCAL GOVERNMENT (COUNCILLORS)
(THIRD SCHEDULE DISTRICTS) (NO.2) ORDER, 2008



The Minister, in exercise of the powers conferred by section (10) 4 of

the Local Government Act, makes the following Order -





1. This Order may be cited as the Local Government (Councillors)

(Third Schedule Districts) (No. 2) Order, 2008.



2. The population of a local government district specified in the first

column of the Schedule to this Order, shall elect to the District Council for that

district, the respective number of Councillors specified in the fourth columns of that

Schedule in relation to the respective constituencies and polling divisions, islands

and settlements of that district, specified in the second and third columns of that

Schedule.



3. The Local Government (Councillors) (Third Schedule Districts) Order,

2008 is hereby repealed.


SoMth Aadrs CoMsliay Deep Cre
Polling Divion I eep


SeLh AadrM CaMttmucy The Bluff
Polling Division 4 I


Long Bay Cays


LOCAL
GOVERNMENT


CAT ISLAND


LOCAL COUNCIL CONSTITUENCY AND TOWN SETTLEMENTS
GOVERNMENT MEMBERS POLLING AREAS
DISTRICTS DIVISIONS _____________

Long Island & Ragged Island Norlh End
LONG ISLAND 4 Coittuency
Polling Division 5 SaltPond

Polling Division 6 Miller's andMcKanns

Polling Division 7 Millaton, Brgewfw,
Simms, O'Nie s, Culmn,
Deals, Whymnus, AllgaUlr
Bay, Bain, Morris's &
Bunches


Polling Division 8 Stela Mais, Glintons,
Bnt Ground & Seymours


Long Island R ed Island SouthEnd
Consltiuency 4 I
S rolling DivisionI Mornsvle, Roes, Had
Bartain., Bain, Fords,
McKenzie, Mortiers,
Berries, Wood IU,
Dunm-esTakTil, Cabbage
Point& Goraons

] Polling Division 2Claence Town

Polling Division 3 CarIdWhB Mckazi
Mangrove Bush, Peys,
Hm illon, Benzie Hill
Scrub Hill and Tumbull



Polling Division 4 nThe Bightl Gays & 'iwr
Deadnnm'sCay


Long bland & Ragged Island
Consttecys CayB
1 Polling Division 10 DeadBan's Cay, Billy
9Bowe&Buckleys


9


YWN-- I I


I I-


Citation.





Specification

of number of

Councillors.









Repeal

of S. L No. 43

of 2008.


I .


I u


IIWMERA-













THE TRIBUNE


FRIDAY, JULY 18, 2008 PAGE 9B


SCHEDULE I


I. ACKI.S


MICAL CONSTITUENCY
Polling Division 4


Polling Division 5


Poling Division 6


Polling Division 7


NORTH ANDROS
CONSrrUENCY
Poling Division 8


WESTENDUIMINI
CONSTiTUENCY
Poling Division 8


Polling Division 9


Polling Division 10


Polin Divsion II






EXUMA CONSTITUENCY

Polling Division I


PollingDivision 2

PollingDivision 3



EIGHT MILEROCK
CONSfTjENCY
Polling Divisons 3,4,5, 13A,
14& IS

IGHll ROCK
CONSTITUENCY
Polling Divisions 3, 7,8,9A,
10, 11, 1213 & 14

LUCAYA
CONSTrITUENCY
Pollig Divisions m 1,2,3,4,5,6,
7A, 8,9,10,11,12,13,14,15,16
A 17

MARCO CONSTITUENCY
PollingDivisions 1,2,3.4,5,6.
7,8,9.1411,12,13& 14

PINERIDGE
CONSTITUENCY
Poling Divisiom 1.2.3,4,5, 6,
7, 8.9, 10, 1, 12& 13


2
9


Made this 7 day of


,2008.


ACKLINS
Lovely Bay, Chester. Pine Field and
Anderson


Snug Comer, Hard Hill,
Mason Bay

Pompey Bay, Spring Point, Delectable Bay,
Moran Bay & Binnacle Hill

Salina Point



BERRY ISLANDS

Bullocks Harbour, Great Harbour Cay, Chub
Cay & Sunounsding Cays


BIMINI& CAT CAY

Alice Town, as far Nonr as Clinic
Road, Islands in the Great Isac chain

Bailey Town. Nore of Clinic Road
and at farNonh as YMCA Road

Bailey Town, as hr South as YMCA Road
and a ftarNorth as McDonald Road

As frSouthas McDonaldRoadand the
Islands ofCal Cay, Gun ay and all the Islands
and Cays adjacnt theretoor asocialed
therewith including Ocema Cay



BLACK POINT

Highbome Cay, Nomman's Cay Saniel Cay,
Sarm son Cay &Ra Cay

Black Point
Farners Cay & Darby Island



ORANDMBAHAMA


j...


Traffic, Deputy Controller of Road Traffic, Assistant
Controller of Road Traffic. '

A principal or head teacher of anyoschool which ik wholly
maintained by the Minister responsible for Education.


10. A customs officer appointed under section 3 of the Customs
S- ManagemenT Act.

11. An immigration officer appointed under section 7 of the
Immigration Act.

12: An officer in the prison service.

13. A local constable.

14. A district medical officer.

15. A district education officer.

16. A staff member of the Administrator's Office.











Made thi 7 day of ,2008.





Signed:
Hubert A. Ingraham



Minister responsible for Family Island Affairs










THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (TOWN AREAS AND
TOWN COMMITTEE MEMBERS) (NO. 2) ORDER, 2008


........ -- T sister, in exercise of the powers conferred by sections 5 (1) and
6 (3) of the Local Government Act, makes the following Order -


Citation.




Specification
of town
areas.





Specification
of number of
committee
members.






Repeal
of S. I.
No. 44
of 2008.


I. This Order may be cited as the Local Government (Town Areas and
Town Committee Members) (No. 2) Order, 2008.



2. For the purposes of the Local Government Act, 1996, the Local
Government districts specified in the first column of the Schedule to this Crder,
in relation to the respective constituencies and polling divisions specified in the
second column of that Schcdu': are divided into the town areas respectively set
out in the third column of that Schedule in relation to those districts.


3. The population of a polling division, or of more than one polling
division, of a town area specified in the third column of the Schedule to this
SOrder. compriing-sueh--snlemenrls as may be specified in the fourth column of
that Schedule, shall elect to the town committee for the town area, the respective
number of town committee members specified in the fifth column of that
Schedule in relation to that town area.


4. The Local Government (Town Areas and Town Committee Members)
Order, 2008 is hereby repealed.


LOCAL CONSTITUENCY AND ISLANDS AND
GOVERNMENT POLL4G DIVISIONS SETTLEMENTS
DISTRICTS


Signed:
Hubert A. Ingraham



Minister responsible for Familb islandd Affairs




- --- ---. THE LOCAL GOVERNMENT ACT
(CHAPTER 37)

THE LOCAL GOVERNMENT (QUALIFICATION OF PUBLIC
OFFICERS FOR ELECTION TO TOWN COMMITTEE) (NO.2) ORDER, 2008


The.Minister, in exercise of the powers conferred by section 22 (g) of the
Local Government Act, makes the following Order -

Citation. I. This Order may be cited as the Local Government (Qualification of Public
Officers for Election to Town Committee) (No. 2) Order, 2008.



Qualification 2. No public officer specified in the Schedule shall be qualified to stand for
election as a member of a town committee.
of public

officers for

election.

Schedule.
Application of 3 The provisions of paragraph 2 shall apply to any District Council as those
Order to provisions apply to a town committee.
District
Council.
Repeal of 4. The Local Government (Qualification of Public Officers for Election ti
S. I. No. Town-Comlittee) Order, 2008 is hereby repealed.
45 of 2008.


SCHEDULE



1. Permanent Secretary, Under Secretary, Deputy Permanent
Secretary, First Assistant Secretary.

2. Director, Deputy Director, Assistant Director and any other Head of
any Government Ministry or Department not otherwise specified in
this Scliedule.

3. Any person holding a public office prescribed by the Judicial and
Legal Service (Prescribed Officers) Act.

4. Auditor-General, Senior Deputy Auditor-General, Assistant Auditor-
General.

5. Treasurer, Deputy Treasurer, Assistant Treasurer.

6. Chief Passport Officer, Deputy Chief Passport Officer, Assistant
Chief Passport Officer.


7. Chief Hospital Administrator, Hospital Administrator.

8. Controller of Road Traffic, Senior Deputy Controller of Road


. I-ERYIDND


1' 0941MYa~


4. KACKPO2


sacrrDo


LOCAL CONSTITUENCY AND ISLANDS AND NO. OF
GOVERNMENT POLLING SETTLEMENTS COUNCILLORS
DpSTRICTs DIVISIONS
IXMVAGUANA MICAL CONSTITUENCY MAYAGUANA

Polling Division 9 Abraham's Bay 2

Polling Division 10A Pirates Well 2

Polling Division lOB Bessy Bay



I4.hMO E SOUTH ABACO CONSISTENCY MOORE'S ISLAND
SAND Polling Division 12 . The Bightl Hld Bergin
5

IS. NOKT NORTH ELEUTHERA NORTH ELEUTHERA
CONSrIJENCY
E lE A PollinigDivisiaon current

Polling Division 8 Cumat Island I

Polling Division 9 The Bluff I

PollingDivision 10 LowerBogue 3

Polling Division I Upper Bogue
7

16& LGGED LONG ISLAND & RAGGED RAGGED ISLAND
ISLAND CONSTITUENCY

Polling Division 9 Duncan Town, Ragged Island
5
17.gUM AY CAT ISLAND, RUM CAY & SAN RUM CAY
SALVADOR CONSTITUENCY
Polling Division 9 Port Ndelson, Rum Cay


IILSAN CAT ISLAND, RUM CAY & SAN SAN SALVADOR
SALVADO SALVADOR CONSTITUENCY
Polling Division 10 Cockbum Town Nornh
Victors Hill, Long Bay. Sandy
Point. Sugar LOfE Halls 4
Landing

Polling Division II United Estaes, Recklcy Hill, 3
Polly Hill
7
19. 3SPANISH NORTH ELEUTHERA SPANISH WELLS
ELLS CONSTITUENCY
Polling Divisions 4,35 & 6
____________________________________. _________________________ 7__


- --















PAGE 10B, FRIDAY, JULY 18, 2008


THE TRIBUNE


SCHEDULE

COMMITTEE
LOCAL CONSTITUENCY TOWN AREAS SETTLEMENTS
GOVERNMENT AND POLLING MEMBERS
DISTRICTS DIVISIONS _____________
1. NORTHABACO NORTH ABACO Little Abaco
CONSTITUENCY
Polling Division 2 Crown Haven
Fox Town
Mount Hope 5

Polling Division 3 Wood Cay &
Cedar Harbour 2
7

NORTH ABACO Coopers Town
CONSTITUENCY
Polling Division 4 Coopers Town 5

Polling Division 5
Fire Road &
Blackwood 2
NORTH ABACO Treasure Cay 7
CONSTITUENCY
Polling Division 6 Treasure Cay

5


2. CENTRAL SOUTH ABACO Marsh Harbour
ABACO CONSTITUENCY & Spring City
Polling Division, 4,5 & 6 Marsh Harbour 7


Polling Division 7
Spring City 2
NORTH ABACO Dundas Ton
CONSTITUENCY Du Town
Polling Divisions 9 10 Dundas Town

7
MurphyTown
Polling Divisions 8 & I I Murphy Town

7
3. SOUTH ABACO SOUTH ABACO Cherokee Sound
CONSTITUENCY
Polling Division 8 Cherokee Sound 3

Polling Division 9. Casurina Point &
Bahama Palm Shores 2

Polling Divisio 10D Crossing Rock
Crossing Rock

SandyPoint.
Polling Division I I Sandy Point
5


4. NORTH NORTH ANDROS Mastic Point
ANDROS CONSTITUENCY
Polling Division 7 BARC 1

Polling Division 9 North Mastic Point 3


Polling Division 10 South Mastic Point 3
7



LOCAL CONSTITUENCY TOWN SETTLEMENTS COMMITTEE
GOVERNMENT AND POLLING AREAS MEMBERS
DISTRICTS DIVISIONS


NORTH ANDROS
CONSTITUENCY
Polling Division I

Polling Division 2



Polling Division 6


NORTH ANDROS
CONSTITUENCY
Polling Division 3

Polling Division 4








CONSTITUENCY

Polling Divisilon 9A

Polling Division 9B


Polling Division 10



Polling Divisions 11I
& 12


NORTH ANDROS
CONSTITUENCY
Polling Division 11

Polling Division 12

Polling Division 13


Lowe Sound


Nicholl's Town


Bhrlng Pomint
& CargillCreek


Fresh Creek


Staniard Creek


Lowe Sound

Lowe Sound & a Part of
San Andros west of the
Queen's Highway

Red Bays




Nicholl'sTown
Morgan's Bluff

Nicholl's Town & the
Part of San Andros east
of the Queen's Highway.


Conch Sound





Behring Point

Cargill Creek & Man-
0-War Sound

Bowen Sound



AUTEC, Andros
Town, Fresh Creek,
Calabash Bay, Small
Hope Bay, Love Hill


Stafford Creek

Blanket Sound

Staniard Creek


1
7


2





1


2

2
5






7


2

2
5


* .'., '.


LOCAL CONSTITUENCY TOWN AREAS SETTLEMENTS COMMITTEE
GOVERNMENT AND POLLING MEMBERS
DISTRICTS DIVISIONS

CENTRAL NORTH ELEUTHl:RA
ELEUTHERA CONSTITUENCY Gregory Town
Polling Division 12 Gregory Town
5

Hatchet Bay Alice Town &
Polling Division 13 Hatchet Bay
5

James Cistern James Cistern &
Polling Division 14 Rainbow Bay
5


SOUTH ELEUTHERA Governor's
CONSTITUENCY Harbour Governor's Harbour
Polling Divisions 9 & 10
7

SOUTH ELEUTHERA Palmetto Point
CONSTITUENCY North & South
Polling Divisions II &12 Palmetto Point
7

SOUTH ELEUTHERA Savannah
CONSTITUENCY Sound Savannah Sound &
Polling Division 13 Windermere Island
5

9.SOUTH SOUTH ELEUTHERA. Tarpum Bay
CONSTITUENCY
ELEUTHERA Polling Division 1 Tarpum Bay


SOUTH ELEUTHERA Rock Sound
CONSTITUENCY Rock Sound
Polling Divisions 2 & 3
7

SOUTH ELEUTHERA
CONSTITUENCY Green Castle
Polling Division 4 Green Castle
5

SOUTH ELEUTHERA
CONSTITUENCY Wemyss Bight
Polling Division 5 Wemyss Bight,
Mills & John
Millars 3

Polling Division 6 Deep Creek
2
Polling Division 7 Waterford

Polling Division 8 Bannerman Town
1
7




LOCAL CONSTITUENCY AND TOWN SETTLEMENTS COMMITTEE
GOVERNMENT POLLING DIVISIONS AREAS MEMBERS
DISTRICTS

10. EXUMA EXUMA EastExuma
CONSTITUENCY
Polling Division 8 The Forest

Polling Division 9 Jimmy Hill. Mount Thompson 1
& Ramsey

Polling Division 10 Hermitage, Tar Bay & Moss 1
Town

Polling Divisions I I & 14 George Town, Jolly Hall &
Bahama Sound, 4
Cottage & Master Harbour
Polling Division 12 Rolle Town and Hartswell I


Polling DivisionForbes Hill, Williams Town & 1
Polling Division 13 Fery

9
EXUMA
CONSTITUENCY West Exuma
Polling Division 4 Barreterre & Ametts Track 1

Polling Division 5 Stuarts Manor, Curtis &
Alexander 1

Polling Division 6 Rolleville 2

Polling Divisions 7 & 15 Farmer's Hill& GilbertGrant 3
Steventon, Roker's Point,
Harts, Ocean Bight & Calvin
Hill
7


11. EASTRAND HIGH ROCK Sweeting's
BAHAMA CONSTITUENCY Cay
Polling Division 1 Sweeting's Cay
5

High Rock
Polling Division 2 High Rock 4

Polling Division 6 McCleans Town and Pelican
Point 3
7
Free Town
Polling Division 4 Freetown, Bevans Town,
GambierPoint& GoldRock 2
Creek
Polling Division 5 Water Cay 1


Polling Division 9B Mather Town and Smith's
Point 2
5










LOCAL CONSTITUENCY AND TOWN AREAS SETTLEMENTS COMMITTEE
GOVERNMENT POLLING DIVISIONS MEMBERS
DISTRICTS

12. WEST GRAND WEST END & BIMINI West End
BAHAMA CONSTITUENCY
Polling Division 1 West End 3

Polling Division 2 West End 2

Polling Division West End 4
9
WEST END & BIMINI Eight Mile Rock
CONSTITUENCY West
Polling Division 4 Holmes Rock 2

Polling Division 5 Martin Hill 3

Polling Division 6 Seagrape 2

Polling Division 7 'Jones Town 2
9
EIGHT MILE ROCK Eight Mile Rock
CONSTITUENCY East '

Polling Division 6 Hepbum Town I

Polling Division 7 Bartlett Hill
1
Polling Divisions 8 & 9 Hanna Hill
3
Polling Divisions 10 & I I Pinedale
2

EIGHT MILE ROCK
CONSTITUENCY
Polling Division 12 Martin Town and
Russell Town 2
9
Pinder's Point
EIGHT MILE ROCK
CONSTITUENCY
Polling Division 13B Hunter's 3
Mack Town


A5. NTR
ANPROS6


LOCAL CONSTITUENCY AND. TOWN AREAS SETTLEMENTS COMMITTEE
GOVERNMENT POLLING DIVISIONS MEMBERS
DISTRICTS
6, SOUTH ANDROS SOUTH ANDROS Deep Creek
CONSTITUENCY
Polling Division 1 Mars Bay 3

Polling Diyision 2A Pleasant Bay 1

Polling Division 2B Little Creek 2

Pulling Division 2C Deep Creek I
7


SOUTH ANDROS Kemp's Bay
CONSTITUENCY
Polling Division 3A Black Point I

Polling Division 3B Kemp's Bay &
Johnson Bay 4
Polling Division 3C Smith's Hill 2
7

Polling Division 4 The Bluff The Bluff

SOUTH ANDROS Long Bay Cays
CONSTITUENCY
Polling Division 5A High Rock and
Duncombe Coppice 2
Polling Division 5B Long Bay, Long Bay
Cays, Congo Town 3
and Motion Town

Polling Division 6 Driggs Hill 2.
7
7.CAT ISLAND CAT ISLAND, RUM CAY Arthur's Town
& SAN SALVADOR
CONSTITUENCY
Polling Division 1 Dumfries, Arthur's 3
Town & Zion Hill
Polling Division 2
Orange Creek 2
Polling Division 3 Bennen's Harbour,
Stevenson,
Industrious Hill,
Gaitors, The Bluff,
Wilson Bay, Rokers
& Thurston Hill 2
CAT ISLAND, RUM CAY 7
& SAN SALVADOR The Bight
CONSTITUENCY
Polling Division 4 Cove, Tea Bay,
Smith's Bay and I
Knowles

Polling Division 5 New Bight 2

Polling Division 6 Old Bight 2

Polling Division 7
Bain Town, Port Howe 1
& Zonicle Hill
Polling Division 8
McQueens& Devil
Point 1
7


LUCAYA
CONSTITUENCY
Polling Division 7B Williams Town,
Russell Town

EIGHT MILE ROCK
CONSTITUENCY
Polling Division I Lewis Yard 3

Polling Division 2 Pinder's Point 2

9







FRIDAY, JULY 18, 2008, PAGE 11B


THE TRIBUNE


LOCAL CONSTITUENCY TOWN SETTLEMENTS COMmflE
GOVERNMENT AND AREAS MIMUES
DISTRICTS POLLING DIVISIONS
13. LONG ISLAND LONG ISLAND & North End
RAGGED ISLAND
CONSTITUENCY
Polling Division 5 SaltPnd
Polling Division 6 Miller'smdMdKm 1
Polling Division 7 Mille Brid ,
Sinms, O'NielsCulinm,
Dealt Whyns,Allitor
Bay, Barn, Mmis's& 2
Bunches
Polling Division 8 Stella Maris, OlintO
BuntGron & 3
-7


LONG ISLAND & South End
RAGGED ISLAND
CONSTITUENCY
Polling Division I Morrisville, Roses. Hard
Bagain, Bain, Fords,
McKenzie, Mortime*s;
Berries, Wood Hill,
Dunmores, Taits, Cabbage 2
Point& Gordon's

Polling Division 2 Clarence Tow 1
Polling Division 10 Deadman's Cay, 2
BillyBowe, Buck.ys
Polling Division 3 CaTwrights, Mckenzie.
Mangrove Bush, Pettys,
Hamilton, Benzie Hill, I
Scrub Hill and Tumbull
The lhg h, Grays & I.owC 2
Polling Division 4 l)e~aman's Cay
9
*


Made this' 7 day of


,2008.


Signed:
Hubert A. Ingraham


Minister responsible for Family Island Affairs


*I I





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BUSINESS


Tourism needs 'new life and character'


FROM page one
where the event is being hosted, could expect to
receive between $500-$600 in room revenues per
person, regardless of their personal spending.
If Islands of the World Fashion Week visitors
remained true to Ministry of Tourism data regarding
visitor spending, and spent between $1,000 to $1,100
per person, it is possible the event's impact may
run into between $1 million to $2 million.
Some four Bahamians three garments designers
and one accessories designer are likely to be among
the designers exhibiting at Islands of the World
Fashion Week, with the full slate of designers sched-
uled to be announced in early to mid-August.
The deadline for the submission of designers
names is end-July.
Mr Bethel said he had "already been approached


by several TV companies" interested in screening
Islands of the World Fashion Week, including Fash-
ion TV. An Italian TV station was also interested in
covering it.
In addition, a number of print media houses were
also planning to cover the event. Most were fashion
trade publications, but a newspaper in Philadelphia
was also interested in coming to the Bahamas to
feature the event in its lifestyle, fashion and leisure
section.
While the fashion event would be their primary
focus, Mr Bethel said the Ministry of Tourism was
also gearing up to show the visiting media around
Nassau "so they can get to know what the Bahamas
is about".
"We will certainly get wide coverage from a
tourism perspective," he added. "The Bahamas will
certainly get a boost from the media coverage
offered the event."


SD S 6 WATER & SEWERAGE CORPORATION

Rd ",r'.
PUBLIC NOTICE


TENDER FOR CCTV/SURVEILLANCE SERVICES


The Water and Sewerage Corporation is pleased to invite qualified
companies to submit Tender to upgrade and maintain CCTV equipment for the
Water and Sewerage Corporation.

Interested companies can pick up a set of documents at the Corporation's Main
Headquarters #87 Thompson for a fee of Fifty dollars ($50.00). A Pre-Bid Tour
of the facilities is scheduled for Wednesday, July 23rd at ll:00am. All
completed Bid Documents and supporting information must be sealed and
submitted to the WSC by 11:00 am on Wednesday, July 30e 2008.

Tender are to be sealed in an envelope marked "Tender for
CCTV/Surveillance & Equipment Services" and to include service
replacement and repair of all equipment under warranty, repair of equipment,
and delivered to the attention of:

The General Manager
Water & Sewerage Corporation
Administration Building
No. 87 Thompson Boulevard
P.O. Box N-3905
Nassau, Bahamas

Attention: Mr. Godfrey Sherman
General Manager

Telephone: (242) 302-5504
Please note that the Corporation reserves the right to evaluate each proposal
based on merit and qualifications, and that award will not necessary go to the
lowest bidder. Proposals will be evaluated based on Price, Experience
Qualifications, and Capacity.

The Corporation reserves the right to reject any or all tenders, and /or amend the
scope of works prior to award.


Tender for CCTV Services June 2008


PH: 393-5285









PAGE 18, FRDAY, ULY 1, 200MTHE RIBUN


Tribune Comics


JUDGE PARKER


CALVIN & HOBBES
I FORGOT ALL ABOUT W I
TRMSMOGRInER W" !M R
I AVE NOmttG TO WORRX
ABOUT !I


-MA


DENNIS THE MENACE


"MRi.WILON s1 GOIN&To
1 45 WOSPFITAL FOR SOM'


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

84 3
3 7 9
6 25 8

67 8
9 3

2 7 5

4 37 5
6 1 7
16 8 1
Difficulty Level ** r 7/17


MARVIN


TIGER


HAGAR THE HORRIBLE


z


Across
1 Across
1 One's not proud to have it
(8)
5 Present source of light? (4)
9 Note responsibility means
extra money (5)
10 Customers' stencil perhaps
(7)
11 Soldiers kept permanently
on their toes? (8,4)
13 They may be all in a quiver
(6)
14 People count (6),
17 Only a flesh wound
maybe, but get an injection
(4,2,3,3)
20 Not one of two or three in
disorder (7)
21 Bail out one that makes
the headlines (5)
22 Charge for a ring (4)
23 Girl getting
in a mess shows ill-temper
(8)


Down
1 Vagrant who needs noth-
ing more than a warm
place (4)
2 I leave a clergyman in
church (7)
3 Benefiting from a reduction
in the fare? (6,6)
4 A Briton comes up in alarm
(6)
6 Ruler of the waves? (5)
7 One who tries to be a
writer? (8)
8 One individual, not one of
a couple (6,6)
12 Fish I catch in a basket (8)
15 He reformed under the
influence of spirits (7)
16 If people are not to, vaster
redistribution is required
(6)
18 Architectural
highlight (5)
19 Father caught in end of
mattress springs (4)


Yesterday's Cryptic Solution Yesterday's Easy Solution


Across: 1 Filter tip, 8 Ouija, 9 Ravioli,
10 Packet, 11 Stolen, 12 Throttle, 15
Explodes, 18 Oberon, 20 Lloyds, 21
Avenues, 22 Congo, 23 Neediness.
Down: 2 Inapt, 3 Triple, 4 Relented, 5
Potato, 6 Pickets, 7 Cattle pen, 11
Shoeblack, 13 Resolved, 14 Appoint,
16 Odds-on, 17 Pennon, 19 Opens.


Across: 1 Knowledge, 8 Sloth, 9
Askance, 10 Caught, 11 Oyster, 12
Coleslaw, 15 Ointment, 18 In fact,
20 Depart, 21 Make for, 22 Terse,
23 Defendant.
Down: 2 Nasty, 3 Wraith, 4 Encircle,
5 Estate, 6 Roughly, 7 What's what,
11 Out-of-date, 13 Litigate, 14
Inspire, 16 Marked, 17 Offend, 19
Clown.


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


Yesterday's
Sudoku Answer
71683491671 9
8 3141911617
92431631815
9568 473512 914

37211648
418752341
4,1 87 512.31


Chess


'Emil Sutovsky vSergei
Dyachkov, Moscow Aeroflot
2007. Israel's number four
Sutovsky is a former European
champion, with a big reputation
for imaginative attacks. But the
grandmaster seemed to have
overreached in today's diagram,
where the black king is under
siege but White's b5 bishop is
menaced by the a6 pawn with
its retreat barred by Black's
central pawn chain. Sutovsky
had seen further, and his next
turn kept an advantage which
led to rapid victory. What should
White play?


1 2 3 4 5 6 7


910




13 14 15


17 18
19
20 21


Across
1 Speak spitefully
about (8)
5 Confront (4)
9 Ethical significance
(5)
10 Sour (7)
11 Progress very well
(2,4,1,5)
13 Over there (6)
14 Make possible (6)
17 Decide against inter-
fering (3,4,5)
20 A marvel (7)
21 Error of tact (5)
22 Recess (4)
23 Person making a will
(8)


Down
1 Strike against (4)
2 Humorous drawing
(7)
3 Aggressive attitude
(12)
4 To journey (6)
6 To stroll (5)
7 To hamper (8)
8 Very influential mem-
ber (7,5)
12 A showy pot plant (8)
15 Do good to (7)
16 Charge exorbitantly
(6)
18 Human
trunk (5)
19 Be afraid of (4)


~' ~
A .h~
1* _
1 11
~- i~
~ '~ ~A
a aa~~
1' ,~ 4- 4


Chess solution s8359 1 Be&S and if Kxe8 2 Qxg7 RfS 3
exf6 Rr7 4 QhS8 regains the piece with advantage.
The game ended l...Qd8 2 h5 Nbc6 3 exf6 9xf6 4
N95g Oa5 5 0-0 15 6 Oh4 and Black resigned faced
with Nxe6- and Of6*.


Target


N


T



S0


D






IA


A



E

I

T


us
MilsiB
y of

O..ber
21t
C-"

(lm
WtUit).


HOW many words of four letters
or more can you make from the
letters shown here? In making
a word, each letter may be used
once only. Each must contain
the centre letter and there must
be at least one nine-letter word.
No plurals.
TODAY'S TARGET
Good 18; very good 27; excellent
36 (or more). Solution tomorrow.
YESTERDAY'S SOLUTION
egret engulf flung fulgent
gene genet genre gent gentle
gentler glee glen glue glut
gluten green greet gruel grunt
gulf leger luge luger lung
lunge lunger refuge
REFULGENT regent rung
trug tung urge urgent


Contract Bridge
by Steve Becker


Reverse Psychology


South dealer.
Neither side vulnerable.
NORTH
*842
VKJ75
*KQ3
+1063


WEST
4A965
V3
SJ 1094
+J95 2


EAST
+QJ10
V92
*A8 762
4874


SOUTH
*K73
VAQ 10864
*5
+AKQ
The bidding:
South West North East
1 V Pass 2 T Pass
4
Opening lead -jack of diamonds;
A defender should always be sus-
picious of any abnormal play made
by declarer. Take this case where
South made a good play and East
failed to find the proper response to
it.
South was in four hearts, and
West led the jack of diamonds.
Declarer saw that he might lose the
contract at once if West had the ace
of spades, so instead of making the
normal play of covering the diamond
jack with the queen, he played the
three from dummy!


East allowed the jack to win, and
West played another diamond. The
queen forced East's ace, establishing
dummy's king as a trick as South
ruffed.
Declarer now cashed the A-K of
trumps, discarded a spade on the
king of diamonds and later lost two
spade tricks to make exactly four
hearts.
It would not have mattered had
West shifted to a different suit at trick
two. Declarer could have established
the diamond trick himself, and the
outcome would have been the same.
East should have realized that
declarer's unusual failure to cover
the jack of diamonds was not simply
an act of charity on South's part. He
should have reasoned that declarer
did not want East on lead at trick two
because he feared East would shift to
a particular suit. Furthermore, it was
inconceivable that South would duck
the jack with any holding but a sin-
gleton diamond.
East therefore should have over-
taken the jack of diamonds with the
ace and returned the queen of spades.
That would have settled declarer's
hash very quickly.
East should have reasoned that if
South thought it was good for him
not to have East on lead, then it was
bad for East not to take the lead, and
he should have reacted accordingly.


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


APT 3-G


BLONDIE


Yesterday's
Kakuro Answer







719 6 8


CRYPTIC PUZZLE


T
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N
E


T
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0
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PAGE 12B, FRIDAY, JULY 18, 2008


THE TRIBUNE














THE TRIBUNE


FRIDAY, JULY 18,2008, PAGE 13B


BAMONT TRUST COMPANY LIMITED

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


2007 2006
(As restated)


ASSETS
Cash and cash equivalents
Prepaid expenses
Accounts receivable, net (Notes 4 and 7)
Fixed assets, net (Note 5)
TOTAL


$ 1,857,528
57,652
728,312
53.131


$2,391,950
71,540
229,937
84,836


$ 2,696,623 $ 2,778,263


LIABILITIES AND EQUITY


LIABILITIES:
Accounts payable and accrued expenses (Note 9)

EQUITY:
Share capital:
Authorized, issued and fully paid:
30,000 voting A Shares of $1 each
1,970,000 non-voting B Shares of $1 each
Retained earnings
Total equity

TOTAL


$ 58,598 $ 61,012


30,000
1,970,000
638,025
2,638,025


30,000
1,970,000
717,251
2,717,251


S2,696,623 $ 2,778,263


See notes to balance sheet.

The balance sheet was ap ed by the Board of Directors on June 13, 2008 and is signed on its
behalf by:




Director Director


NOTES TO BALANCE SHEET
DECEMBER 31, 2007


1. GENERAL

Bamont Trust Company Limited (the "Company") was incorporated on August 25, 1998 in
The Commonwealth of The Bahamas under the Companies Act, 1992. The Company was
granted a restricted trust licence on November 26, 1998, to act as trustee on behalf of the
Stephan Schmidheiny Family and commenced operations on December 1, 1998. The
Company's main activity is the management of trusts and investment companies.

The registered office of the Company is located at the Bahamas Financial Centre, Shirley and
Charlotte Streets, Nassau, Bahamas.







2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING
STANDARDS AND INTERPRETATIONS

In the current year, the Company has adopted all of the new and revised Standards and
Interpretations issued by 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.

Standards and Interpretations effective in the current period:

In the current year, the Company has adopted IFRS 7 Financial Instruments: Disclosures,
which is effective for annual reporting periods beginning on or after January 1, 2007, and the
consequential amendments to IAS 1 Presentation of Financial Statements.

The impact of the adoption of IFRS 7 and the changes to IAS 1 has been to expand the
disclosures provided in this balance sheet regarding the Company's financial instruments and
management of capital.




3. SIGNIFICANT ACCOUNTING POLICIES

Statement of compliance This balance sheet has been prepared in accordance with
International Financial Reporting Standards. The preparation of the balance sheet in
conformity with International Financial Reporting Standards requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the balance sheet. Actual results
would d differ from those estimates.

Basis of preparation This balance sheet has been prepared on the historical cost basis.

The following is a summary of the significant accounting policies:

a. Fixed assets Fixed assets, with the exception of paintings on which no depreciation is
charged, are stated at cost less accumulated depreciation, amortization and any
impairment. Depreciation and amortization is charged on a straight line basis at the
following annual rates:


Office furniture
Office equipment
Leasehold improvements
Motor vehicle
Software


20%
33.33%
Over lease term
33.33%
33.33%


b. Foreign currency translation All amounts In this balance sheet are expressed in
United States dollars. Assets and liabilities denominated in currencies other than United
States dollars are translated at the rate of exchange ruling at the balance sheet date.

c. Assets under administration Assets held by the Company as trustee are not reflected in
this balance sheet.

d. Related parties Related parties consist of shareholders and directors of the Company
and other entities controlled by these parties. Related parties include directors and
officers of the Company, who are considered members of key management, and who are
persons who have authority for planning, directing and controlling the Company.

e. Accounts receivable, net Accounts receivable are carried net of provisions for bad
debt. The allowance is reviewed periodically and adjusted to reflect any impairment in
the carrying value of such receivables.

f. Cash and cash equivalents Cash and cash equivalents is represented by cash and
deposits with banks.

g. Impairment Fixed assets and accounts receivable are reviewed for impairment
whenever events or changes in circumstances indicate that the carrying amount of an
asset exceeds its recoverable amount.

Management reviewed its fixed assets and receivables and concluded that they were
impaired (2006: Nil). .


4. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net is as follows:


Accounts receivable


2007 2006
$ 728,312 $ 229,937


There is no provision for bad debt (2006: Nil) as all balances are deemed collectible.


5. FIXED ASSETS, NET

1The movement of fixed assets during the year is its follows:

Office Office Leasehold Motor
Paintings furniture equipment improvements vehicle Software


COST:
Balance at December 31, 2005
Additions
Balance at December 31, 2006
Additions
Transfer in
Balance at December 31, 2007

ACCUMULATED
DEPRECIATION
AND AMORTIZATION:
Balance at December 31, 2005
Depreciation and amortization
Balance at December 31, 2006
Depreciation and amortization
Transfer in
Balance at December 31, 2007
2007 Net Movement
2006 Net Movement


$ 20,665 $ 89,302

20.665 89,302
1,336

S 20,665 $ 90.638




' $ S 62,673
7.162
69.835
7.002

$ $ 76,837
$ 20.665 S 13,801


S 43.177
4.946
48,123
6,480
2,693
$ 57,296




S 38,149
3.795
41,944
5,186
2,693
$ 49,823
$ 7,473


S 85,631

85.631


$ 85,631




$ 29.785
22,339
52,124
22.339

$ 74,463
S 1i1.168


S 14.710 S 275

14.710 275


$ 14,710 $ 275


$ 4,903
4.903
9,806
4,903

S 14,709
$ 1


S 69
92
161
91

S 252
$ 23


$ 253.760
4,946
258.706
7.816
2.693
S 269,215




$ 135,579
38.291
173.870
39.521
2.693
$ 216,084
$ 53,131


$ 20,665 S 19.467 S 6,179 $ 33.507 4,904 $ 114 S 84,836


6. DIVIDENDS

By Board resolution dated November 21, 2007, a dividend of $80,039 or $0.04 per share was
declared and paid.


7. RELATED PARTY BALANCE


2007 2006

$ 722,075 $ 223,369


8. COMMITMENTS UNDER OPERATING LEASE

The Company has entered into a lease agreement for its office premises dated September 1,
2004, and expiring .June 30, 2008. The lease provides for yearly rent payments plus a share of
certain costs. Future minimum rent payments under the lease are as follows:'

2007 2006


Due within one year
Due after one year


$ 41,377 $ 82,755
41,377


$ 41,377 S 124,132


9. PRIOR PERIOD ADJUSTMENT

During the year the Company incurred expenses in the amount of $21,550 which relate to prior
years.

In accordance with International Accounting Standard 8, Accounting Policies, Changes in
Accounting Estimates and Errors, the Company's balance sheet is being restated. A summary
of the restatement is as follows:

Effect on
2006


Increase in accounts payable and accrued expenses

Increase in other costs

Decrease in beginning retained earnings


$ 21,550

$ 15,550

$ 6,000.


10. FAIR VALUE OF FINANCIAL INSTRUMENTS ,. .,.


The estimated fair value represents values which financial instruments could be exchanged for
in a current transaction between willing parties. Where there is no available, trading market,
fair values are estimated using appropriate valuation methods.

Fair value of financial instruments carried in the balance sheet are assumed to approximate
their carrying values due to their short term maturity and liquidity.


11. RISK MANAGEMENT

The Company is subject to the following risks:

Credit risk Credit risk arises from the failure of counterparties to perform according to the
terms contract. From this perspective, the Company's credit risk exposure is primarily
concentrated in its deposits and its accounts receivable. The Company manages this risk by
placing its deposits with a high-quality financial institution and its accounts receivable are due.
from related parties.

Liquidity risk Liquidity risk reflects the risk that the Company will not be able to meet an
obligation when it becomes due. The Company's approach to liquidity management is to
ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities
when due. In this regard, the budget is reviewed quarterly to ensure that cash is readily
available to meet the company's obligations.

Capital risk management The capital structure of the Company consists of cash and cash
equivalents and equity attributable to equity holders comprising issued capital 'and retained
earnings. The Company manages its capital to ensure that the Company will be able to
continue as a going concern while maximizing the return to stakeholders. The Company's
overall strategy remains unchanged from 2006.



Deloitte
Delottle & Touche
Chartered Accountants
dnd Management Consultants
2ndl rerrace, Centrevile"
P.O Boa N-7120
Nassau, Bahamas
Tel: 1(242) 302-4800
Fax: 41 (242) 322-3J101
http://wwH.deloite.com.bs








INDEPENDENT AUDITORS' REPORT


To the Shareholders of
Bamont Trust Company Limited:

We have audited the balance sheet of Bamont Trust Company Limited (the "Company") as of
December 31, 2007. This balance sheet is the responsibility of the Bank's management. Our
responsibility is to express an opinion on this balance sheet based on our audit.

We conducted our audit in accordance with International Standards on Auditing. Those Standards
require that we plan and perform the audit to obtain reasonable assurance about whether the balance
sheet is free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the balance sheet. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall presentation of the balance sheet. We believe that our audit provides a reasonable basis for
our opinion.

In our opinion, the balance sheet presents fairly, in all material respects, the financial position of the
Company as at December 31, 2007, in accordance with International Financial Reporting Standards.

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





June 13, 2008


Deloltte Touche Tbhnutsu
SI A memtr fir I of


Accounts receivable


I









PAGE 14B, FRIDAY, JULY 18, 2008


THE TRIBUNE


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