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Permanent Link: http://ufdc.ufl.edu/UF00084249/01403
 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: September 25, 2009
Copyright Date: 2009
Frequency: daily, except sunday
daily
normalized irregular
 Subjects
Genre: newspaper   ( marcgt )
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: UF00084249:01403

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BAHAMAS EDITION
www.tribune242.com


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Private banking

system leader to

leave Bahamas


* Also steps down as senior
partner in law firm after
money laundering claims
-^ By ALISON LOWE
Tribune Staff Reporter
Salowe@tribunemedia.net
Embattled lawyer Sidney Cambridge
-" , resigned as treasurer of the PLP yester-
from his position as senior partner in the
law firm of Callenders and Co.
In the wake of accusations in a criminal
complaint filed in a US District Court that
he knowingly helped launder funds from
SIDNEY what he was told was a European-based
CAMBRIDGE investment fraud, the attorney is now said to
be "focusing all of his attention on estab-
lishing his innocence" in the face of the charges.
He is accused with Florida's Broward County Commission-
SEE page three


SeasIurer


Concern over
country's failure
to escape OECD
list of tax havens


Judge decides against stay of hotel union elections ruling


SUPREME Court Justice Neville Adderley
yesterday decided not to grant a stay of his
September 7 ruling that ordered a new nomi-
nation process for the hotel union elections,
which are scheduled for next Tuesday.
Attorney Keod Smith had sought the stay
on behalf of the majority of the union's Exec-
utive Council, pending an appeal of Justice
Adderley's ruling in the Court of Appeal. Mr
Smith had also sought to have the Bahamas
Hotel Catering and Allied Workers Union


elections postponed sine die until after the
final determination of that appeal.
Nominations for the new Bahamas Hotel
Catering and Allied Workers Union elections
were held on September 15. Tyrone Beneby,
Philippa Dixon and Raymond Wright running
for the Deliverance Team were not allowed to
nominate and Mr Smith contended that some


SEE page 12


ByTANEKA
HOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
A LEADER in the
private banking system
has decided to with-
draw from the
Bahamas before the
end of the year because
this country has failed
to escape the powerful
OECD's "grey-list" of
so-called tax havens.
French-based bank
BNP Paribas
(Bahamas) Limited -
which operates in more
than 80 countries -
said despite "excellent"
financial performance
in the current econom-
ic crisis it had to review
its network "in the con-
text of the ongoing
changes in the world
financial system and
G20 initiatives."
SEE page 8

Ex-EMS worker
still maintains
his innocence
By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT - Former
EMS worker Marcus Garvey
continues to maintain his
innocence following his dis-
missal by hospital officials
earlier this year.
Garvey insists that he had
no idea that a casual conver-
sation with an expatriate man
was being recorded for an
online entertainment website.
Hospital officials terminat-
ed the veteran employee in
February for breach of patient
confidentiality. Garvey was
one of two persons who had
SEE page eight




NO witnesses took the
stand yesterday in the tri-
al of former PLP Senator
Pleasant Bridgewater and
former paramedic Tarino
Lightbourne who are
accused of attempting to
extort $25 million from
Hollywood celebrity John
Travolta.
SEE page 12


M ntague

oe Village Road Near Shirley Streel
o� to an. Tel: 394-0323/5 OR 394-1377


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


Ia










Bahamian charged over Florida store owner shooting


By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net


A BAHAMIAN has been charged
in connection with the shooting of a
convenience store owner in Fort
Pierce, Florida.
Police arrested Anthony "Rude
Boy" Symonette, 21, as he made
attempts to board a cruise ship to Nas-
sau in Hollywood, Florida, on Friday,


September 11.
He had been wanted in connection
with the shooting death of Parag Patel,
44, on September 4.
Mr Patel, owner of the A&M Dis-
count Beverage store in Georgia
Avenue and Okeechobee Road, Fort
Pierce, was shot dead when three
armed men entered and robbed his
store.
Symonette, who was wanted in con-
nection with the murder, was trying


to flee the US at the time he was
arrested, according to the Fort Pierce
police department.
A detective told The Tribune: "We
got a tip that Symonette was on the
way to the Bahamas and we got US
Customs and ICE (Immigration and
Customs Enforcement) involved in
trying to put flags on their passports.
"Then we got a call from customs to
say he had made it to the Bahamas,
but it turned out to be someone else.


"We knew Symonette was Bahami-
an and had family in Nassau and that
he was trying to get there.
"Then we got an anonymous tip that
he was trying to buy a cruise ticket in
Hollywood, Florida, because he would
have been able to get on and off the
cruise ship without a passport."
Symonette has since been charged
with second-degree murder with a
firearm and robbery with a deadly
weapon while wearing a mask.


Donald "DJ" Isaiah, 24, and
Mahogany Alexander, 29, of Fort
Pierce, have also been charged on the
same counts.
Deondravious St Fleur, 23, of Fort
Pierce, was arrested on September 9
and charged with accessory after the
fact to murder on suspicion he drove
the gunmen to the Port St Lucie/Stuart
area, where they rented a car after the
robbery. Unconfirmed reports claim
St Fleur is Haitian-Bahamian.


I ~ ~]I~' [OENMN SO TS OFFIC IASNDBHMSCINA 1 FR~!IENDSHIP AS'J OC9IO T OUR [CONSTRU]CTIONki SITEII [Il i9


Stadium


AMBASSADOR of the People's Republic of China Hu Dingxian
along with president of the Bahamas-China Friendship Associa-
tion Anthony McKinney and other government sports officials
toured the Thomas A Robinson National Stadium construction
site on Tuesday.
The Bahamas-China Friendship Association was established in 2004 to pro-
mote goodwill and people-to-people contact between both countries; to pro-
mote understanding of both countries through cultural exchanges and the study
of the language, culture and history of both; to promote economic and trade
opportunities and entrepreneurial development through participation in trade
fairs and investment tours; to provide mutual relief and assistance to the people
of both countries in times of emergency and for social enhancement, and to
assist in the improvement of the social, economic and spiritual welfare of the
peoples of both countries.
The most recent announcement of cooperation between the two countries was
the agreement signed with the Export-Import Bank of China for funding to
jump-start the $1.92 billion redevelopment of the Cable Beach strip.
Also, the gift of $30 million from China to build a sports stadium for the
Bahamas to contribute to the development of the country's youth through
sports.

PERMANENT Secretary in the Ministry of . - -
Youth, Sports and Culture Archie Nairn
(centre) joins Aaron Brice (left) and Mrs '
Delores Ingraham, wife of the prime min- A -
ister and principal of C C Sweeting High
School, during a tour of the construction
site of the new National Stadium by exec- .H
utives of the Bahamas China Friendship
Association on Tuesday.


PERMANENT
Secretary in the
Ministry of Youth,
Sports and Cul-
ture Archie Nairn
(left) with the
Ambassador of
the People's
Republic of China
Hu Dingxian dur-
ing a tour of the
construction site
of the new
National Stadium
by executives of
the Bahamas Chi-
na Friendship
Association on
Tuesday.




PROJECT man-
ager Iram Lewis
(right) shows
points of interest
on a map during
a tour of the con-
struction site of
the new National
Stadium by exec-
utives of the
Bahamas China
Friendship Asso-
ciation on Tues-
day.


Hope for graduates with reject

MO |letters from Bahamian colleges

H O PE-BOARD
members of Hope
College shown
- here at an Open
Lf7 House over the
*weekend. The
. Christian-based
college, spear-
headed by the
Assemblies of
Brethren in the
Bahamas, is tar-
geting those
whose aspirations
for higher educa-
tion were dashed
by unsatisfactory
BGCSE results.
By REUBEN SHEARER


WITH the national average down for BGCSE examinations
dropping from a 'C-' to a 'D', many graduates will have received
reject letters from local colleges.
With hopes of further education tarnished, there's little option
but to try to find work in an already depressed job market.
However, there's an institution offering an alternative solution.
Hope College, located on JFK Drive in the Christian Life Cen-
tre (CLC) pitched its degree programmes to the public in an open
house, and began registering new students for the 2009 academic
year.

Dashed
The Christian-based college, spear-headed by the Assemblies of
Brethren in the Bahamas, is targeting those whose aspirations for
higher education were dashed by unsatisfactory BGCSE results, Dr
June Wilson, Research and Education Director at the college told
The Tribune yesterday. In addition to secular training, the college
seeks to equip people interested in entering Christian ministry, pro-
viding an at-home ministry training experience however, for aspir-
ing church-workers in the Associate of Arts Divinity degree
(ATH). The College will offer BGCSE and pre-college classes in
English, Math, History, Geography, Biology, Religious Knowledge,
Accounts and Economics at $350 per course.
For further information, contact the CLC on 328-5341


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


PAGE 2, FRIDAY, SEPTEMBER 25,2009


THE TRIBUNE









0 NE AUNEIGALLGTIN0
^^^^^^^^^^^^^^^^ Senior PLP ^^H^^MP says country would^^^^^^^^^^


WHILE trying not to con-
demn the party's former
treasurer Sidney Cambridge,
former PLP MP for Exuma
George Smith said that the
recent scandal surrounding
Mr Cambridge is "not a PLP
problem."
"That's Mr Cambridge's
difficulty. I know Sidney
Cambridge. I am fond of
him, and I hope that this
society won't judge him too
harshly and wait until the
matter plays itself out. But
that is not a PLP problem,"
Mr Smith told The Tribune
yesterday.
Tendering his resignation
to party leader Perry
Christie yesterday, Mr Cam-
bridge reportedly advised
the former Prime Minister
that he intends to focus his
energies on establishing his
innocence to the money
laundering charge upon
which he was indicted in
Florida on Wednesday.
"In these circumstances,
Mr Cambridge did not think
that it would be appropriate
for him to continue to serve
in any capacity within the
party at this time. I under-
stand and accept Mr Cam-
bridge's decision and com-
mend him for dealing with
this matter so responsibly
and promptly," Mr Christie
said.

Shocked
Expanding on the issue,
Mr Smith said he would be
shocked if any funds that
were spent by the PLP in the
last election, or the elections
before that did not come
from legitimate means.
"And the fact that I hold
an office in the party, and I
behave in a way that is
improper, unless the party
condones my behaviour the
party ought to deal with me.
"People make mistakes,
you know. I like to tell the
story that I belong to a
church, the Roman Catholic
Church that is 2,000 years
old. You have had Cardinals
that have messed up; they
messed up. The church is the
organisation and until the
church does something to
condone the wrong the
organisation isn't tainted.
"And I am not about to
suggest that Mr Cambridge
did anything wrong - I will
always shy away from con-
demning any Bahamian that
is seen to be getting into any
trouble beyond the borders
of the Bahamas," he said.
Mr Colin Callender, man-
aging partner of Callender
and Co also confirmed yes-
terday that Mr Cambridge
had tendered his resignation
from the law firm where he
was a senior partner.
"He has resigned as a
member of the firm with
immediate effect as far as
I'm concerned it won't
adversely impact on the
credibility or otherwise of
the firm," said Mr Callen-
der.
It was unknown yesterday
whether Mr Cambridge will
also have to leave his post as
treasurer of the Bahamas
Bar Association, although
there were calls for him to
do so. Messages left for
Bahamas Bar Association,
President Ruth Bowe
Darville, were not returned
up to press time yesterday.


0 In brief


RM Bailey
class of 1984
to hold meeting

RM Bailey class of 1984
will hold an important meet-
ing at the school on Robin-
son Road at 3 pm promptly.
Important matters will be
discussed, including the
upcoming 25th anniversary
banquet.


Senior PLP MP says country would

benefit from rules on campaign financing



Call for more transparency



with political donations


By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net


"I do not think that w
(Eggelleton) says is evi


IN the wake of a claim by a US he made with
politician, caught up in a money laun- remark he made with
during scandal, that he gave money whatsoever and anyone
to the PLP, a senior PLP MP says they are raising money
there should be a more transparent
and accountable system for donations
to aspiring politicians and political sufficient evidence for me that it's
parties., unlikely to be true," said Dr Nottage
Dr Bernard Nottage, PLP Bain and Mr Eggelleton was quoted as mak
Grants Town MP, and former leader ing the claim about being set to donate
of the Coalition for Democratic to Mr Christie's campaign in a criminal
Reform, said that while accused mon- complaint filed in Florida on Tuesday
ey launderer Broward County Corn- following an extensive three-year-long
missioner Josephus Eggelleton's alle- undercover operation by the Federa
gation that he was "raising money for Bureau of Investigations (FBI).
(Perry Christie's) re-election cam- However, Dr Nottage, like several
paign" in 2006 is "unsubstantiated" it other political figures over the years
would be better for the country if rules including Mr Christie, Brent Symon
on campaign financing existed so that ette, Tommy Turnquest, Fred
a definitive record of who donated Mitchell, Alfred Sears and Paul Moss
what to which party could be scruti- said he does believe there "ought to be
nised. very strict rules to which persons wh(
"I do not think that what that man are seeking public office must corn
(Eggelleton) says is evidence of any- ply in case of funding."
thing. It's a remark he made without And he added that this should
any substantiation whatsoever and involve records being kept of wh<
anyone can tell anyone else they are receives what donations from whom
raising money. Mr Christie denied any which can be "open to scrutiny by the
knowledge of it or soliciting any funds public and an independent election
through or from him and his word is commission" in the name of ensuring


Cambridge quits

FROM page one day, saying it was "unfortu- confirm hav
nate that...the headline inquiries, "t
referred to the indictment of any of the p
er Josephus Eggelleton and the PLP treasurer as if to responsible f
two others following a three- imply that that position was the PLP in
year-long "sting" operation somehow relevant to the Election hav
by the Federal Bureau of indictment." of any coi
Investigations into public cor- "In fact, the indictment would have
eruption in Florida. relates only to matters in on behalfof
A statement from PLP which Mr. Cambridge is tionor direc
leader Perry Christie yester- alleged to have acted as a persons who
day afternoon said he had lawyer and not as a party offi- indictment.'
accepted "with regret" Mr cial." "Any alle


Cambridge's resignation as
party treasurer.
"In my discussion with him
this morning, Mr Cambridge
indicated that he intended to
focus all of his attention on
establishing his innocence to
the charge upon which he was
indicted in Florida yesterday.
"In these circumstances, Mr
Cambridge did not think that
it would be appropriate for
him to continue to serve in
any capacity within the Party
at this time.
"I understand and accept
Mr Cambridge's decision and
commend him for dealing
with this matter so responsi-
bly and promptly."
However, Mr Christie crit-
icised The Nassau Guardian
for its headline over the arti-
cle outlining the case involv-
ing Mr Cambridge on Thurs-


0
0


S






0
-0-






0


1C


Headline
That headline read "PLP
Treasurer Charged in the
US".
Mr Christie continued: "I
would remind all my fellow-
citizens that in common with
all accused persons, Mr Cam-
bridge is entitled to the pre-
sumption of innocence.
"In this regard, I am grati-
fied by Mr Cambridge's per-
sonal assurances to me that
he is completely innocent of
the charges made against him
and that he intends to exert
every effort to vindicate him-
self accordingly."
Finally, the PLP leader
asserted, with more certainty
than in his initial statement
on the matter, that he could


trary is corn
added. Colin
aging part
and Co. con
bridge's resi,
company yes
"He has re
ber of the fi
ate effect a:
cerned wo
impact on t
other wise (
Mr Callend
It was unk
whether Mi


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vhat that man
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ie can tell anyone else
y.


e.
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al
l1






31


fairness in elections and reducing
room for corruption or any percep-
tion of it.
"There should be completely trans-
parent and accountable procedures
and there should be records that can
be subject to scrutiny so we can tell
who is giving what," he said.
His comments came after Sidney
Cambridge, PLP treasurer and partner
in the law firm of Callender and Co,
was indicted with Broward County
Commissioner Josephus Eggeleton,
as a result of an FBI "sting" opera-
tion.
It is claimed that Mr Cambridge
acted for Mr Eggelleton in a legal
capacity and both are accused, with
two others, of conspiring to commit
money laundering in the Bahamas.
The complaint against him primar-
ily focuses on the "sting," in which it is
alleged that Mr Eggeleton advised and
cooperated with undercover agents


who told him they wished to launder
funds in The Bahamas. The funds
were allegedly obtained through a
European-based investment fraud.
Mr Cambridge was indicted
Wednesday by US federal authorities
for allegedly helping to launder thou-
sands of dollars in proceeds from the
purported investment fraud.
The criminal complaint against Mr
Eggelleton on Tuesday stated, in part:
"On or about May 30, 2006, defen-
dant Eggelleton stated to an under-
cover agent and a cooperating wit-
ness, 'If you wanna do some deals in
The Bahamas, let me know. Yes sir, in
fact I'm gonna be raising some money
for the prime minister of The
Bahamas that's running for re-elec-
tion."
In July 2006, Eggelleton was quoted
as saying that in the Bahamas he
"does not have to adhere to the same
ethical standards he has in the US."
In a statement issued yesterday Mr
Christie said he was "able to confirm"
that "neither I nor any of the persons
who were responsible for fundraising
for the PLP in the last General Elec-
tion have any knowledge of any con-
tribution that would have been made
by, or on behalf of, or at the sugges-
tion or direction of any of the persons
who are named in the indictment."


as PLP treasurer


ing made further
hat neither I nor
persons who were
for fundraising for
the last General
ve any knowledge
ntribution that
been made by, or
, or at the sugges-
tion of any of the
D are named in the
gation to the con-
pletely false," he
n Callender, man-
ler of Callender
Firmed Mr Cam-
gnation from that
yesterday afternoon.
signed as a mem-
rm with immedi-
s far as I'm con-
on't adversely
he credibility or
of the firm," said
er.
known yesterday
x Cambridge will


w



I0








0




S


also have to leave his post as
treasurer of the Bahamas Bar
Association, although there
were calls for him to do so.
Messages left for Bahamas
Bar Association, President
Ruth Bowe Darville, were not
returned up to press time yes-
terday.
Some attorneys suggested


that the indictment of Mr
Cambridge, given his position
as a senior attorney and in the
Bar Association and the pub-
licity surrounding the matter
could have ",,miiis ' knock-
on effects on the reputation
of the legal profession in The
Bahamas.


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FRIDAY, SEPTEMBER 25,2009, PAGE 3


THE TRIBUNE





PAGE 4, FRIDAY, SEPTEMBER 25, 2009


THE TRIBUNE


EIOI AULETE S T HEEITOR


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

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

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.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, PO. Box N-3207, Nassau, Bahamas
Insurance Management Building., PO. F-485, Freeport, Grand Bahama

TELEPHONES
Switchboard (News, Circulation and A, c, tiinn') 322-1986
Ad c, iiving 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

WEBSITE
www.tribune242.com - updated daily at 2pm



Natural gas: It's plentiful and it's here


WASHINGTON - Natural gas is nifty
stuff. It burns twice as clean as other fossil
fuels, leaves no ash to be disposed of and is
critical to many industrial processes.
It is used for everything from drying grain
to distilling liquor. It is an essential feed-
stock in making fertilizers. It also can fairly
easily substitute for oil as a transportation
fuel. Buses in big American cities increas-
ingly run on it, as taxis in Australia have for
years.
Its history is a tale of how markets work,
how technology can broadside the best futur-
ists, and how planners and politicians can
get it wrong.
More important than the lessons of histo-
ry is the fact that we appear now to have
more natural gas than was ever predicted,
and we can look forward to possibly hun-
dreds of years of supply at present rates of
use. And it could slay the foreign oil dragon,
or at least maim the brute.
Trouble is, because of its tortured history,
natural gas has often been put on the back
burner.
When the first commercial oil well, the
Drake, was sunk in western Pennsylvania
in 1859, natural gas, or methane to give it its
proper classification, was not on anyone's
mind except deep miners, for whom it was a
lethal hazard. The Oil Age began without
natural gas. When it was found in conjunc-
tion with oil, it was unceremoniously burned
off: a process known as flaring.
In the United States, natural gas faced
political problems as well as infrastructural
problems. Natural gas production was regu-
lated by a predecessor of the Federal Ener-
gy Regulatory Commission, the Federal
Power Commission. It was bound by a legal
ruling known as the Permian Basin Deci-
sion that kept the price of natural gas artifi-
cially low, discouraging new supplies and
new infrastructure, such as processing plants
and storage. This led to shortages and to a
lack of confidence in the future of natural
gas.
During the energy shortages of the 1970s,
natural gas was discounted by the govern-
ment and much of industry. Jack O'Leary,
the first deputy secretary of energy, snapped
at a reporter who asked him about natural
gas: "Forget about natural gas: It is a deplet-
ed resource."
Congress panicked and passed a piece of
legislation called the Fuel Use Act, which


forbade the use of natural gas for many
things, including pilot lights in new kitchen
stoves. There was even concern about the
eternal flame at Arlington National Ceme-
tery. Utilities were told not to even think
of burning natural gas: It was too precious
and there was too little of it.
Gas demand declined precipitously in the
1980s. And in 1987, the Fuel Use Act was
repealed. Along with deregulation of gas, a
gas boom resulted.
But it was technology that changed every-
thing. New drilling techniques increased sup-
ply. New turbines, based on airplane engines,
started to enter the electricity market. They
were clean, easy to install, and reached high
efficiencies of fuel-to-electricity conversion.
Today, 30 per cent of our generation comes
from these "derivative" machines.
So successful was natural gas in the 1990s,
that new concerns about supply shook the
industry and the public was told that gas
would have to be imported from the Middle
East, especially from Qatar. Permission was
sought to build dozens of liquefied natural
gas terminals around the coastlines.
Now it looks as if natural gas is a fuel with
an enormous resource base - thanks to
technology.
The technology in question is horizontal
drilling. Imagine you sink a hole 2 miles into
the earth and then send out horizontal roots
in all directions from this vertical trunk.
That, in essence, is horizontal drilling and it
makes available trillions of cubic feet of nat-
ural gas trapped in close formation shale
deep in the earth.
Ironically, or fittingly, this takes the ener-
gy story back to Pennsylvania where a vast
shale field called the Marcellus is being
developed and will write the next chapter of
hydrocarbon energy.
This is good because it is plentiful, it is
here and it builds on extant pipeline infra-
structure.
Of course, it makes investments in many
"alternative" sources of energy, particularly
ethanol from corn, look like very poor
investments. Cars and trucks that run on
natural gas are an appealing alternative to
ethanol with less disruption of the food chain
and stress on the farms.

(This article was written by Llewelyn King
-C.2009 Hearst Newspapers).


-a-- ~


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Bahamian


EDITOR, The Tribune.

This is a letter to voice the
concerns that I have over Lynx
Airlines, which is operating out
of Fort Lauderdale to Bimini.
On August 12, 2009 when I had
planned to depart Fort Laud-
erdale to return to Bimini I did-
n't know what to expect (hav-
ing never flown Lynx Airlines
before August 10, 2009 when I
travelled to Fort Lauderdale).
So I went to the airport early in
the event of an early departure
or for some unforeseen prob-
lem. The flight was scheduled
to leave at 3.30 pm. My wife
along with myself arrived at the
airport at 12.15pm.
On our arrival to the Fort
Lauderdale International Air-
port we soon realized that there
were no ticket agents at the
counter. After waiting for a
while we called the office num-
ber that was on the ticket and
the agent said that they were
going to send someone to pick
us up. Not knowing what time
the shuttle was going to arrive
we just waited. After waiting
for over an hour the shuttle
came and took us to the freight
section of the airport because
this is where they were working
from. Getting to this location I
told the agents that we were
hungry and that everyone that
was there was afraid to go
upstairs to the restaurant and
get something to eat because
we had no idea when the shut-
tle would arrive. They had one
vending machine with five chips
in it and nothing else. I asked
the agent when or if they were
going back to the airport that I
wanted to go so that I could get
some food for my wife and
myself to eat and they said "no
problem." Twenty minutes lat-
er a few more passengers came
and I asked what had happened
because they knew I wanted to
get something to eat, but they
ignored me.
At 3.20pm they told us that
we were going into Congo
Town, Andros Island, then they
were going to drop us off in
Bimini. The question was
asked, "Why are we going into
Andros?" The response was
that there are more people to
come out of Bimini. We swal-
lowed that pill and proceeded
with the flight.
After flying for over an hour
we were over Andros, flying to
the airport which was another
20 minutes away. On lining up
for landing the pilot said that
we could not land and that we
had to go back to Fort Laud-
erdale. Everyone thought that
he was joking until the plane
climbed past 10,000 feet. The
question was asked, why are we
going back? He said that there
was a hydraulic problem.
As we were flying back to
Fort Lauderdale we were real
quiet on the plane because we
did not know what was going
on. When we got over Fort
Lauderdale we started to pray
audibly and as soon as we had
finished praying the landing
gear came out. We flew over
the tower so as the tower could


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take a lookL
then we pro
safe landing
the ground
to be alive a
crew came
plane. All th
into the war
get our thou
Speaking
said that the
us up for thz
"What about
said that the
do that. The
why, since it
we were ba
erdale but t
say that the
do it. We as]
er (or own
speak with
Albert Vita
said that he
see us. Afte
one that hac
should want
passengers
that they ar
the well bei
gers, but se
concern to t
We plead
to call for h
the warehou
the agents s.
would be ov
utes so we s
wait. After
agent said tl
us at the h
believed hii
not come to
asked the ag
them in the
still have to f
the answer v
We arrive
ern Hotel ai
sengers aske
and the agei
McDonalds
response to
we supposed
alds and say
because they
any money
checked intc
agent was gc
numbers of t
he told the h
would call h
room numb(
information
pass on to th
ticket agent
left he said
would be sto
to bring so]
and then he
the hotel er
concerned a
than Lynx.
employee) w
way to see t
fortable and
her for that.
In the fii
was not res
state that v
Lynx had to
anything the
it themselves
it on to the h


passengers?

Sthe lobby trying to comfort one
another as best we could;
because shock comes into play
when you are alone and every-
thing starts to come down on
you. We stayed in the lobby as
at the landing gear a group for one and one half
neededd to make a hours until we felt that we felt
. Upon getting on better. The entire time that we
Upongettinglad were in the lobby Mr. Vitale

nd the mechanical never showed up, nor called.
out to inspect the We went to bed and got up
e passengers went the next morning and went
house as to try and straight to the airport trying to
eghts together. catch another plane because of
with theagent they the way that we were treated
y were going to put and our lives did not seem that
e night. We asked, important to Lynx. At 8.30am
it food?" and they ynx phoned me on my cell
are not going theyo phone to find out if we were
question was asked still at the hotel and I said that
was their fault that we were at the airport. They
ack in Fort Laud- said that they were on their way
they continued to to pick us up. I asked, "For
y are not going to what? Because we were not fly-
ked for the manag- ing with them anymore." The
er) to come and response was, "Aren't you
us whose name is going to Bimini anymore?" I
ale but the agents said, "Yes, but not with Lynx.
is not coming to Not only my wife and myself,
r an event like the but everyone that was going to
Sjust happened he Bimini would not be flying on
to speak with the Lynx."
to let them know We travelled on Continental
e concerned about and had a safe flight home
ing of the passen- going direct to Bimini. Lynx
emed to be of no flight that they wanted us to
hem. come on which was supposed
ded with the agent to leave Fort Lauderdale at
im to come out to 9.00am did not get into Bimini
ise. Finally, one of until after 7pm that evening
aid that Mr. Vitale because they had more
ver in twenty min- mechanical problems. Had we
said that we would flown with them we would have
one half hour the been in the warehouse for the
hat he would meet entire day with a company that
hotel but no one did not even give us the time
mn because he did of day.
the warehouse. I The problem was not the
ent if we flew with landing gear because any plane
morning would we can have problems but the way
ly into Andros and in which we were treated so
as yes. t very poorly. They had no sym-
:d at the BesWest- pathy for what we went through
ud one of the Bpas- and it seemed as if they did not
-d what about food care.
nt said there was a Problems with Lynx:
s next door. The No ticket agent at the air-
that was, "So are port; no set time for busing to
d to go to McDon- freight section; no vending
that Lynx sent us?" ' machines in the freight section;
thastill did not give us no advance notice of going into
y. We went and Andros Island. The plane went
o the hotel and the into Andros first passing Bimi-
etting all the room ni in the air.
the passengers then No help from the ticket agents
hotel agent that he when we got on the ground.
ier back to get the They made no effort to see that
ers and to givee any we could call our families to let
that is neeand to give any them know we were safe.
he passengers. The No food voucher; no contact
left but before he was made with the passengers
that the manager after being checked in to the
)pping by the hotel hotel; seemingly no concern
me money for us, about the mental state of the
left. At this point passengers; no call advising us
nployee was more on the progress of the plane
about our welfare they wanted us to fly on; no
Kendra (the hotel alternative way to get home if
vas going out of her we did not want to fly Lynx
that we were com- anymore; no compensation for
at ease and I thank the loss of a day's pay.
Something needs to be done
rst place the hotel with Lynx. Chalks airlines start-
rponsible for the ed to do the same kinds of
ye were in and if things that Lynx is doing now
up date us about and you saw what happened to
y should have done them. I am asking please look
and not try to pass into this matter so that we do
notel. We stayed in not have another Chalk's
tragedy on our hands. In that
crash I had a loss of four fami-
e * )td members.
eCtin) Ltd. yMr. Vitale said that he would
SIN- 1978 come into Bimini to speak to
INCE 1UE8each of the passengers and hear
N BOULEVARD our concerns, but to date he has
60/322-8219 not shown up and does not
IEL ..J_ answer his phone anymore.


+Don Stainton (Proti
' SERVING THE BAHAMAS .
- HILLSIDE PLAZA,THOMPSO
FREE ESTIMATES 322-81





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PEDRITO and HELENA
ROBERTS
Bahamas,
September 8, 2009







EDITOR, The Tribune.

Re: Drivers, please use your
indicators.
Tribune,
September 19, 2009

THE courteous use of turn
signal indicators presents an
excruciating dilemma to many
stereo-blasting, cell phone-
using, grade D drivers. The
added mental strain of choosing
left vs right on the spur of the
moment is simply too much for
them to handle. Consequently,
their solution is to employ one
of two time-honoured methods
for resolving the problem -
(a) Don't use any signal indi-
cators at all (commonest), or
(b) Press the hazard button
and flash all the lights at once.
The latter is frequently found
to be especially thrilling by jit-
ney drivers and those who like
to celebrate Christmas all year
long.

KEN W
KNOWLES, MD
Nassau,
September 20, 2009.


Does Lynx Airlines



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THE TRIBUNE FRIDAY, SEPTEMBER 25, 2009, PAGEEW5


FOUL ODOUR COMPLAINT

Ministry

staff urged

to return

to work
BAHAMAS Public Service
Union President John Pinder
advised staff at the Ministry of
Education's office on Thomp-
son Boulevard to return to
work today and if a foul odour
remains in the building, they
must vacant the premises and
"work outside."
Originally, staff at the min-
istry complained of mould in
the building that resulted in
talks between Mr Pinder and
Education Minister Carl
Bethel. According to Mr Pin-
der, Mr Bethel had "looked
favourably" on the staff work-
ing on "flexible hours" or a shift
system so that the work of the
ministry could be done.
However, when the minister
took this initiative to cabinet,
Mr Pinder said, cabinet report-
edly did not approve it.
"And so he (Mr Bethel) had
to call back and tell them (the
staff) that it was cancelled and
they had to go back to the nor-
mal shifts.
"Now when they got to work
this morning they met a foul
odour in the place and they
came out in protest against that.
But in addition to that we are
now learning, like I indicated,
that the flexi-hours are not
approved," he said.
Mr Pinder said his union
members are having difficulty
with the decision taken by the
Minister, as normally such tem-
porary measures as the pro-
posed shift system does not nec-
essarily require Cabinet
approval."So I don't know why
this has to reach the cabinet
level, and that has me con-
cerned," Mr Pinder said.
With the minister indicating
that government is working
aggressively to have these
employees at Thompson Boule-
vard relocated to another site,
Mr Pinder said he felt it was
imperative for the staff to be
placed on a shift system so that
some of them can vacate the
building when necessary
because of the mould problem
that currently exists.
"When you look at that
mould, it is playing with their
psyche. They are getting the
impression that this is really
going to make them sick and
some of them are already expe-
riencing discomfort in breathing
and the rest of it. And so I fig-
ured the fewer hours they
spend in there the better it is
for them. And we had agreed
for them to do five hours a day
in two different shift systems
to make sure that the place is
always covered so that they can
be away from the building for
some period of time.
"And I already told them
when they return to work today
that if the environment in the
building is unbearable then
they are not to work in the
building. I advised them to
show up to work and if the
problem has not been corrected
they are to work on the out-
side," Mr Pinder said.




IN recognizing World Ani-
mal Day on the October 4,
the Bahamas will join many
other countries around the
world in celebration of this
occasion.
The day is known to others
as St Francis of Assisi Day -
named after the patron saint
of the animals. The Bahamas
Humane Society is encourag-
ing all animal welfare groups
and owners of animals to do
something special for animals
on this day.
The Parish of St Christo-
pher's and the Bahamas
Humane Society will be hold-
ing a St Francis of Assisi ser-
vice for all animals and pets
on Sunday, October 4, at
4.30pm at St Christopher's
Church at Lyford Cay. Please
bring your animals and pets
and share in the service cele-
brated by Archdeacon Keith
Cartwright.
Stephen Turnquest of the
Humane Society urged peo-
ple to e-mail photos of events
to bhscruelty@gmail.com so


that they can be highlighted
on http://www.worldanimal-
day.org.uk under the
Bahamas events.
TROPICAL

IK/ERMIN rORS

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To: All Members of National Workers
Co-operative Credit Union Limited,
New Providence, Grand Bahama, Eleuthera,
San Salvador and Exuma.

Pursuant to Section 21, 22 & 99 of the Co-operative
Societies Act 2005, notice is hereby given that all
members of National Workers Co-operative
Credit Union Limited (NWCCU) are urged to
attend a Special Call Meeting on Friday,
October 2nd, 2009 at the British Colonial
Hilton, Salon BC commencing at 10:00am to
discuss and vote on important matters pertaining to
your Credit Union.

* National Workers Co-operative Credit Union
Limited (NWCCU) Merger with Bahamas
Utilities Cooperative Credit Union Limited
(BUCCUL)

* The closure of the East Bay Branch, effective
October 31st, 2009.

* The acquisition of property for the purpose of
constructing a building for housing NCCCU
head office.

* To address the matter pertaining to the member
of the Supervisory Committee who did not meet
the requirements during the time of election.


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FRIDAY, SEPTEMBER 25,2009, PAGE 5


THE TRIBUNE






PAGELOCAL 6,WS FRIDAYISEPTEMBER25,2009THE B


NATIONAL INSURANCE BOARD RESPONDS TO NASSAU INSTITUTE


NIB: Tax increase su


.on is wrong


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



Mrs. Barbara Elaine
Kelly Albury, 89

of Village Road,
Nassau, The Bahamas
died at her residence,
on Wednesday 23rd
September, 2009.

Mrs. Albury is
predeceased by her
husband, Kenneth HE.
S Albury, her brother,
Dudley Sands and her
daughter-in-law, Christina Albury.

She is survived by her son, Drew Albury; brother,
Everette Sands and his wife Patricia;
grandchildren, Christian and Stefan Albury;
sister-in-law, Valeria Sands; nephews, John and
Jimmy Sands; niece, Sonia Springle and many
other relatives and close friends.

A Memorial Service will be held for Mrs. Barbara
Elaine Kelly Albury, at Trinity Methodist Church,
Trinity Place and Frederick Street, Nassau, on
Saturday, 3rd October, 2009 at 4:00p.m.

In lieu of flowers the family request that donations
be sent to Queen's College Foundation, P.O. Box
N. 7127, Nassau, in memory of Barbara E.K.
Albury.

Arrangements by Kemp's Funeral Home
Limited.


The National Insurance Board
Press Response To a letter from the Nassau
Institute, published in the September
19, 2009 edition of the Nassau Guardian.


BY THE NATIONAL
INSURANCE BOARD
September 21, 2009

T heNational Insur-
ance Board
(NIB) wishes to
address and cor-
rect "facts" advanced by the
Nassau Institute in a letter
to the Editor, published in
the Nassau Guardian of Sat-
urday, September 19, 2009,
and referenced in a Tribune
article on September 21,
2009. In that letter, the Nas-
sau Institute incorrectly sug-
gested that National Insur-
ance is proposing an 84.1 per
cent increase in taxes.
Each month the National
Insurance Board collects
contributions from employ-
ers and employees that are
invested for future benefit
payments to workers should
they lose employment
income for reasons such as
sickness, child birth,
advanced age, invalidity,
death and more recently, loss
of employment.
Contributions made to
NIB are certainly not taxes;
they are contributions, or, in
commercial insurance terms
premiums, for which con-
tributors receive returns in
the form of income-replac-
ing benefits.
There is a direct link
between contributions made
and benefits received.
For example, National
Insurance contributions pro-
vide full relief for employ-
ers from any costs and lia-
bility related to job-related
accidents or diseases.
In their letter, the Institute
gives an example of how a
proposed two per cent rate
increase and a change in the
wage ceiling from $400 to
$600 per week will result in a
84.1 per cent increase in con-

w . -...


of workers will be affected,
but in varying degrees.
Depending on their actual
wages, some will pay contri-
butions on wages of $10
more per week; or on $100
more; or, in the case of those
earning the ceiling or above,
on $200 more.
It cannot be overstated
that those who will pay more
in contributions as a result
of the ceiling increase will
realize larger benefits based
on their higher insurable
wages.
The National Insurance
programme needs to main-
tain its relevance as both the
economy and social patterns
change and thus various
responses are required from
time to time. In April 2009,
an unemployment benefit
was added.
Because of this new bene-
fit over 11,000 unemployed
workers have had a portion
of their lost income replaced
and over $14 million has
been returned to the econo-
my thus far, boosting local
consumption and benefiting
Bahamian businesses.
A ceiling adjustment
would be in response to
increasing wage levels over
the past 10 years and will
enhance NIB's relevance to
higher income workers.
Regarding the specific
adjustments referred to by
the Nassau Institute, the
Government of The
Bahamas has not announced
any rate increase or ceiling
adjustments.
While new benefit initia-
tives and actuarial recom-
mendations do call for rate
and ceiling adjustments, no
changes or implementation
dates have been set.
It is likely, though, that the
additional one per cent con-
tribution for unemployment
benefit that will be shared


equally by employers and
employees, will take effect
in early 2010, and this is
required to support the con-
tinuing benefit.
Likewise, the Chronic Dis-
ease Prescription Drug Plan,
when expanded to all NIB
eligible contributors, will call
for a rate adjustment, now
suggested at one per ecnt.
The accompanying benefit
that will be delivered to all
employees, when this rate
increase is approved and
implemented, will result in
a significant benefit to con-
tributors and employers and
will likely result in decreased
health care costs for the
entire country.

Value

The National Insurance
programme has for more
than 30 years proven its val-
ue and importance to work-
ers, employers and the over-
all economy.
To maintain its value and
relevance, changes are
required from time to time.
In this case, new benefits
and a ceiling adjustment are
being considered. The Gov-
ernment and the National
Insurance Board will be
proactive in measures aimed
at ensuring that Bahamians
can depend on the National
Insurance Board to provide
meaningful benefits to cur-
rent and future generations
of Bahamians.
We know that we must
reform NIB.
Workers and the media
are calling for this reform,
particularly to ensure that
the Fund remains relevant,
vibrant, and paying a mean-
ingful benefit beyond 2032.
It would not be responsi-
ble for NIB to know that it
has to reform and to intro-
duce new benefits, provide
for income relevancy and
move to introduce the rec-
ommended Actuarial rec-
ommendations, without
reviewing the cost of the
additional benefits. Simply
put, we cannot sit by and do
nothing when we know that
we should act now.


ARA!!AKOMS OgOT TSFIS

'BILD N OU LT'FAI O STUDA


ARAWAK Homes will host its first
"Build on your lot" fair at its Shirley
Street office on Saturday.
This event will cater to persons who
own their lots, or have a considerable
amount of equity built up in a lot on which
they are still paying the bank, and wish to
build a home, or a multi-family structure.
A spokesman for the company said
that they are aware that "many persons
own a lot, are paying on a lot, have inher-
ited a lot, have been given a lot or have


been promised a lot and really want to
take the next step towards becoming a
home-owner. Then this event is for
them."
On Saturday Arawak Homes team of
home consultants, architects, engineers,
attorneys and contractors will be avail-
able from 10 am to 5 pm, to answer ques-
tions, and to provide assistance on all
aspects of home-ownership.
The event, said the spokesman, is free.


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PUBLIC NOTICE

TENDER
For the Disposal of Scrap Underground
& Aerial Copper Cable
The 9ohamas Tleocomnnunications Company Ltd. is currently
lIndering the Disposal of Scrap Underground & Ariel Copper
Cable. All interested corn parnies are asked to collect a Proposal
ot the Security Desk of JFK Head Office.

Bids must be submitted no later than Friday, Splember, 26, 2009
by 5:00 p.m. All bids should be addressed as follows:
Tender Io the Disposal Scrap Underground & Aerial Copper Cable
Attention:
Mr. 1. Kirk Gfiffln
Acling Presidenl & CEO
The Bahamas Telecommunicotions Company Ltd
P.O. Box HN-334, NOssCu, Bahctmas
1TC RESEKVU 7E Xf f7O CJECT INW, .M All in"1M


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


tributions. While their math-
ematics may be correct for
someone earning $600 or
more per week, the Institute
does not state that each of
the considered increases they
refer to would result in
increased benefits to con-
tributors.
Also, a ceiling increase will
not affect all workers and
employers.

Ceiling
In fact, when the ceiling is
increased next, only around
40 per cent of the workers
and their employers will be
affected, i.e., only those
workers who are now con-
tributing on the maximum
$400 per week contribution
ceiling will be required to
pay more.
From this perspective, the
Nassau Institute's calcula-
tions are not correct as they
appear to assume that all
workers make in excess of
$400 per week.
In fact, the assumption
seems to be that all workers
make at least $600.
We know that this is not
true; we know that not all
workers will be affected, and
those affected will not all
have to pay on the new ceil-
ing.
It must be restated that
National Insurance contri-
butions are payable on actu-
al wages up to the ceiling. If
that ceiling is increased to
$600 today, then the person
who makes $525 per week,
will pay contributions on
that amount and not on $600
per week.
So then, contrary to the
Nassau Institute's con-
tention, 60 per cent of work-
ers will see no change in
their weekly or monthly
deductions.
The remaining 40 per cent


I


PAGE 6, FRIDAY, SEPTEMBER 25,2009


THE TRIBUNE







THE TRIBUNE FRIDAY, SEPTEMBER 25, 2009, PAGEEW7


By MEGAN REYNOLDS
Tribune Staff Reporter
mreynolds@tribunemedia.net


TEACHERS who refused to work ear-
lier this week returned to their classrooms
yesterday as the Ministry of Education
committed to meeting all of their demands.
Staff have been reassigned to fill vacant
positions at C I Gibson and Anatol
Rodgers high schools, and 70,000 new
pieces of furniture arrived in Nassau on
Friday to be distributed to insufficiently
furnished public schools.
Dissatisfied teachers staged sit-ins at Uri-
ah McPhee on Friday until the broken air
conditioning was repaired over the week-
end; they refused to work at Anatol
Rodgers on Monday and Tuesday until two
teachers were put in place, and at C I Gib-
son the staff of 80 staged a three-day
protest.
Classes resumed at C I Gibson Senior
High School yesterday after the Ministry of
Education provided four teachers and four
security officers, as well as classroom fur-
nishings.
Teachers had complained classrooms did
not have enough desks and chairs to accom-


modate large classes, and they were over-
worked as there were not enough staff.
They were also concerned about their per-
sonal safety, as 11 knives and an ice-pick
have been found on the campus this term.
President of the Bahamas Teachers
Union (BUT) Belinda Wilson criticised the
Ministry of Education for not having all
the necessary staff and furnishings in place
at public schools before the start of the
new school year on August 31.
But Director of Education Lionel Sands
said the department did not fail to hire the
correct number of staff or order the neces-
sary furnishings, but resources had to be
reassigned when registration was complet-
ed after the start of the new school year.
An estimated 3,000 students were expect-
ed to move from private to public schools
this year owing to the recession, but when
the school year started, only half that num-
ber were transferred to the public school
system.
And those students were distributed at
schools across New Providence, and did
not necessarily enroll at the school the Edu-
cation Department expected them too.
This confusion was compounded by the
fact that parents would register a child at


several schools in the hope of getting a
place. Therefore the projections were off by
300 students in some cases, as at C I Gibson
800 students were expected to attend, and
1,100 have now enrolled.
Mr Sands said: "We weren't concerned
with understaffing because we recognized
that around the end of September we
would find out what the real numbers are,
and we didn't want to transfer teachers
until after we got the final numbers for stu-
dents in the schools.
"I am not ashamed because we did not
have any control over the movement of
people from one district to the next, or the
number of students that leave private
schools and go to public schools, so I don't
feel embarrassed that we had to make
adjustments, the department makes adjust-
ments when the need arises.
"We were making adjustments last year
and every year before, but this year is not a
usual year because of the financial situation
... and it was so bad this year because we
expected more students.
"But the bottom line is the children are
the ones who actually suffer in all of this
and it is grossly unfair to all of them and to
the parents."


Fud.4igsekott epstdnsaln Ssm e ap


DEEP CREEK
Middle School
students Lionel
and Wayde at the
Boys Club of NY
summer camp.


A .I EA K -( )I i I . 11, Ek iii,. h . '.-i
nllday NcIhool will alsc inmoney Io Situ-
dents to attend challenging summer
camps in the United States next year.
Deep Creek Middle School, in Rock
Sound, hopes to raise thousands of dol-
lars this year for a scholarship fund that
will pay for students to attend camps in
New York, Vermont, Massachusetts,
New Hampshire and Maine next sum-
mer, as well as local camps in Gregory


school liha been l running Lhie pioglaniniuc
for three years and has so far sent 34
students on positive vacation adventures.
Last year the camp scholarship fund
raised over $39,000, and the school hopes
to be just as successful this year.
Principal Joanna Paul said: "Support-
ing travel to camp is a large part of our
budget, but the change it produces in
students is worth every penny. "When a


Maine, suddenly a ilIath Ltes on iliacltoni
doesn't seem so hard."
After returning from camp, Aleice
Goodman of Tarpum Bay said: "I have
more temerity and I am not afraid to do
things I hadn't done before."
The steak-out will be held at the Rock
Sound homecoming site from 11am on
Saturday.
The event will run all day.


OCTOBER 8- 12 q


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* Pirates Dinner Party on the beach
(prize for best-looking pirate)
* Mystery photo scavenger hunt
* Volleyball tournaments with prizes for winning team
* Golf tournament (green fees additional charge)
* Dive-in movie with popcorn
* Daily happy hours on the beach with LIVE music
* Nightly LIVE entertainment in our 22 Above Night
Club featuring the VIP Band
* Dance contests & prizes
* 8 restaurants, 6 bars & lounges on property
* Pool with entertainment, swim-up bar & tables,
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ITDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22CO0


EDUCATION: 'Sit-in' protests


Teachers return to classrooms



as Ministry bows to demands


Police arrest


four men after


drug seizure


BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT - Police arrested four men in connection
with a drug seizure at an apartment complex in the Lunar
Boulevard area.
More than 701bs of a substance suspected to be mari-
juana with an estimated street value of about $56,800 was
seized on Wednesday.
At about 3.15pm police executed a search warrant at a
five-unit apartment complex at Lunar Boulevard for
dangerous drugs and firearms.
During a search of one of the units officers discov-
ered two large black plastic bags containing a number of
clear-taped packages of suspected marijuana.

Truck

Officers also searched an abandoned white dump truck
located at the rear of the complex, where they found
another black-taped package of suspected marijuana in
the glove compartment.
Two additional bags of marijuana were also found
hidden under the hood of the truck.
Asst Supt Loretta Mackey said four men were taken
into police custody.
Officers of the Drug Enforcement Unit are continuing
their investigation.
Ms Mackey thanked the Grand Bahama community
and the media for their continued partnership with the
police in the fight against crime.
People who want to report a crime, or those who may
have information about an incident, is asked to tele-
phone 350-3107/8 or 911.


'as


URIAH MCPHEE


I= G�IBSON ��l


FRIDAY, SEPTEMBER 25,2009, PAGE 7


THE TRIBUNE










Private banking system leader to leave Bahamas


* ZHIVARGO LAING


FROM page one

"In the light of this review,
BNP Paribas has taken the
decision to withdraw before
the end of 2010 from coun-
tries grey listed by the OECD
and viewed as Tax Havens.
This includes the Bahamas,"
said a brief statement released
by the company yesterday.
The bank said it will try its
best to maintain its clients'
interests, but the fate of the 40
persons employed there is
uncertain.
According to a well-placed
source, BNP's move is "a
political one", in line with
French President Nicholas
Sarkozy's views.
"It's definitely political -
they don't want to be seen in
grey or black-listed places,"
said the source, who believes
other private banks may fol-


"It is a regrettable decision to the
extent that you don't want to see a
reputable bank like Paribas leaving."


low BNP's lead.
When contacted for com-
ment yesterday, State Finance
Minister Zhirvargo Laing said
while the bank's decision was
"regrettable" the Bahamas
was working feverishly to
meet the OECD's minimum
requirements by the end of
the year.
"It's a regrettable decision
to the extent that you don't
want to see a reputable bank
like Paribas leaving. It has sig-
nificant implications for their
staff and their clients and
there's also the tendency to
have the jurisdiction lose a


Cm~m Im

C lu ar lcrnc


valuable presence. But again
this is one of the reasons why
we are working as feverishly
as we have been to meet the
(OECD's) standards.
"We know there might be
those entities that will find it
difficult to remain (here), if
the Bahamas remains in the
grey list. We fully expect to
meet that standard by the end
of the year but that does not
mean we cannot meet it soon-
er," he said.
The OECD requires 12 tax
information exchange agree-
ments (TIEA) as a minimum
requirement to be "white-list-


ed." Mr Laing said the
Bahamas has signed three -
one with the United States,
one with Monaco, and the lat-
est signed yesterday with San
Morino.
The news came the same
day the powerful G-20 leaders
met in Pittsburgh to discuss,
among other things, ways to
crack down on tax havens.
The group was expected to
assess the progress of off-
shore jurisdictions that had
not met the OECD's white
list requirements.
International reports state
that French President Nico-
las Sarkozy is urging his G20
counterparts to agree to
impose sanctions on uncoop-
erative tax havens as early as
2010. Meantime, Pascal
Dulau, CEO of BNP Paribas
(Bahamas) Ltd said there is
no firm date when the bank


Former EMS worker still

maintains his innocence

FROM page one

driven the ambulance that took 16-year-old Jett Travolta to the
hospital on January 2.
Ambulance driver Tarino Lightbourne, 46, was also fired ear-
lier this year. He is on trial with former PLP Senator Pleasant
Bridgewater for attempted extortion of actor John Travolta and
his wife, Kelly Preston.
The pair is accused of trying to extort $25 million from the
Travoltas. The trial opened in Nassau on Tuesday.
Mr Garvey said he has been following the trial.
The death of Jett Travolta in Grand Bahama had attracted a
lot of media attention.
Mr Garvey said that an expatriate saw him on television
arriving at the hospital in the ambulance with Jett and his par-
ents.
"He asked if I was still at the hospital and asked me 'how did
it feel that it was John Travolta riding in the ambulance with
you.'
"I said I did not know it was him. And he asked me how he
(John Travolta) was acting to the situation. I said, in a normal
conversation, that he was like any other normal parent con-
cerned about his child."

Television
Mr Garvey said he later received a call from the Senior Hos-
pital Administrator about his appearance on television.
"She asked me if I knew I was on the TV. I told her yes, I saw
myself on ZNS opening the ambulance. She told me that she
was not talking about that, that she was talking about an Amer-
ican station.
Mr Garvey said that the administrator directed him to go to
the Internet.
"She told me to go to Radar on the internet. When I did, to
my surprise, I was being interviewed which was something I
never did with anyone.
"What was on the video was not what I said. It was edited to
suit their purpose. I was never seated where the background was
taken," he said.
"I would warn my fellow colleagues to be careful...because
they can put you on the computer and do whatever they feel
like on the computer when you are an innocent person.
"Just as this happened to me, it could happen to anyone
tomorrow with the new technology today.
"I continue to maintain my innocence. I was wrongfully dis-
missed without proper investigation into this matter and I am
asking for gratuity or to be reinstated," said Mr Garvey.


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Thompson Blvd.











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will pull its services out of the
country.
"We don't close, we are
exiting meaning that we are
trying to find a solution by
trying to sell or transfer the
business depending on the
clients - but there is no offi-
cial date where we say we
turn out the lights. We will
withdraw from the Bahamas
but will take the necessary
(steps)."
When asked if the bank
would reconsider its position
if the Bahamas managed to
make it onto the OECD's
white-list before the end of
the year, Mr Dulau said:
"Once you take this decision
you can't go back."
The Bahamas was placed
on the OECD's grey list, part
of a naming and shaming of
so-called tax havens by the
G20 nations, in April.








FROM page one

Mr Christie to be the kind of
leader that he knows he can
be.
However, the former MP
also warned that if Mr
Christie were to return as
leader of the PLP and not
perform up to par - that he
would be "very disappointed"
in him, and the party would
have to make the difficult
decision of replacing him.
"If that is required we are
obliged to do everything
humanly possible to be the
government.
"That is the purpose of the
party. Nothing supersedes
that.
"Nothing. But I am confi-
dent that he would (meet the
mark).
"And if he disappoints me,
I would do it with some sad-
ness, but I would join in the
effort to deal with the prob-
lem," Mr Smith said.
Mr Smith also expressed his
fondness and admiration for
PLP leadership hopeful Paul
Moss and thanked him for his
bravery in entering the race,
stating that he feels the can-
didate has a "tremendous
contribution" to make to the
party.
"I embrace Paul Moss, he is
a man of tremendous ideas
and I think he has a future
with the party.
" think Jerome Fitzgerald
has a tremendous future and
we need more like them to
come forward because as they
put their ideas in the great
mix it becomes what is really
best for the organisation and
the country," Mr Smith said.

Quipped
While seeking not to high-
light exactly who he favours
for the deputy leadership of
the party - noting that there
are currently three persons
who have pledged - Mr
Smith quipped that he liked
two out of the lot but his true
candidate had not entered the
race - yet.
"I am waiting to see who
else has entered the race.
Right now my candidate is
none of the above and if he
does not enter the race I will
certainly pick the one who I
would conclude the party is
safest with," he said.
Mr Christie has been on the
offensive in the past few
weeks defending his tenure
as prime minister and chal-
lenging his critics who contin-
ue to write him as "soft",
"indecisive", or "weak."
Recently in a televised
interview with JCN CEO
Wendall Jones, Mr Christie
warned his would-be chal-
lengers to not take his "kind-
ness for weakness."
"I am absolutely prepared
for this moment. Everything
about me has now climaxed
at this point where I am ready
to go. One only has to look
at my career and see the
arrows and the darts and the
punishing criticism that I have
received. Clearly that pre-
pares someone - it makes
you stronger.
"And contrary to percep-
tions that people try to put
out there.


"I am a strong and pur-
poseful person connected to
people.
"And so I am confident,
and I know at the end of the
convention I will be the leader
of the PLP," he said.


ITDISCS STOIE ON THI PAG LOG ON TOWWTIUE4.O


CREDIT SUISSE


Credit Suisse, Nassau Branch


is presently considering applications for a


Senior Globus System Developer


The "mi~on is oWm to vandidatvc with the following rmirnium rcquircments;

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At least Five (5) years experience in icmstaIlat ion, configuration and
troubteshuoot~ing Ina bankuing nvniviament
-Superior knowli~dgetof CPLOBLUS.'T24 Bainking Applicaiktm in beth ,.upjxrt
anid xdevelpment Ti IIc%
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Knowlcdgc of AIX 5A - 53, tlINl%+ -RSF-'.IHASF. P1 .-SO[
Expceriece in working with (iloNtt: 124 relatWd migration or implementation
projects.

0 Personal Qualities:
- Excellent oreanization~aI. interpersonal and communication skills
- Good kechnkica and problem solving skills anid experience
- Abilily it) work under prmsunr and with minimnrn.upen ..%L~n
- � tUqi&1Aii, a PE16AIiVe attitude an~d willingness to work flexible hours as.'
overtime
-Prcvious c"pcricncc 4)Fwo~kIng in a prmiuctionniiipirt rTuc in maintaining
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0' Other Duties:
Answer~ Helpde'sk req~uests (provide support & troubleshoot)
-Provide UNIVERSE & GiLOBUJS training to I1 Stiff
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APPLICATIONS MUST BE IN %WRITING. Persons inot inetn
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Applieationm should bc swhmittec1 to:
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PO. Box N-442�
Nassau. Bahamas

DEADLINE: OCTOBER 2.2009


PAGE 8, FRIDAY, SEPTEMBER 25,2009


THE TRIBUNE







TRIBUNE SPORTS FRIDAY, SEPTEMBER 25, 2009, PAGERT9


For th best sporWqng I" The"M
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www. trilbunhe 24 2C1ee2., ,tee



Trinidad 'One day a friend told me he was going

k.. 1-. ~


lliallg Uil


to sixth


spot


But only top three
countries qualify for
2010 World Cup

By SAMORA J ST ROSE
Layout editor

LET'S take a glance at the
2010 World Cup Soccer
Qualifying in which Trinidad
& Tobago, the only
Caribbean island competing
in the finals against five coun-
tries, is hanging on to the
sixth spot with five points in
the North and Central Amer-
ica & Caribbean region.
After eight games, Trinidad
has one win, two draws and
five losses.
But only the top three
countries qualify. And the
fourth-place team advances
to the playoffs against the
fifth-place team in the South
America region.
The United States, which
barely has the top position
with 16 points ahead of Mex-
ico (15 points), Honduras (13
points), Costa Rica (12
points) and El Salvador (8
points), boasts a record of
five wins, one draw and two
losses.
Trinidad is scheduled to hit
the field against Costa Rica
in San Jose at 10pm Satur-
day, October 10. And the
Caribbean nation is slated to
host Mexico at Macoya
8:05pm Wednesday, October
14.
In Europe, the winners of
each of the nine groups qual-
ify and the top eight second-
place teams advance to the
European playoffs.
Qualifying for the World
Cup at the top of group five
with 24 points is Spain which
has won all eight games
played.
England, also holding on
to the top spot in group six,
has qualified with 24 points
and boasts a perfect 8-0-0
record.
And in group nine, the
Netherlands qualified with 24
points and a perfect 8-0-0
record.
In South America, the top
four teams qualify and the
fifth-place team advances to
the playoffs against CON-
CACAF fourth place.
After 16 games played,
Brazil and Paraguay have
qualified and are in first and
second place with 33 and 30
points respectively ahead of
Chile (27 points), Ecuador
(23 points), Argentina (22
points), Uruguay (21 points),
Venezuela (21 points),
Colombia (20 points), Bolivia
(12 points) and Peru (10
points).
In Africa, the winners of
each of the five groups quali-
fy. After four games played,
Cameroon (seven points),
Tunisia (eight points), Alge-
ria (10 points) and Ivory
Coast are all leading their
respective groups in the
World Cup qualifying race
but only Ghana has qualified
at the top of group D with 12
points and a perfect 4-0-0
record.

Under-20 World Cup:
Egypt beats Trinidad
Meanwhile, in Alexandria,
host Egypt defeated Trinidad
4-1 in the Under-20 World
Cup opener, with Hussam
Arafat scoring twice yester-
day.
Striker Afroto gave Egypt
the lead in the 30th minute
at the Egyptian Army stadi-
um, but Jean-Luc Rochford
equalized six minutes later.
Arafat and Mohamed
Talaat scored early in the sec-
ond half, with goalkeeper
Glenroy Samuel at fault on
both goals. Arafat complet-
ed the rout in injury time with
an angled shot from the edge
of the penalty area.
Paraguay plays Italy in
Group A's other game today.
Also on Friday, Nigeria plays
Venezuela and Spain faces
Tahiti in Group B.


to sailing camp, so I just tagged along...


WHEN he was a tenth grader at C I
Gibson High School, Donico Brown
used to sit on the Montagu foreshore
watching the tiny white-sailed boats
race up and down the harbour.
Three years ago he had no idea he
was about to become one of the
Bahamas' top junior sailors, repre-
senting the country in international
competition.
"One day a friend told me he was
going to sailing camp, so I just tagged
along. I had no idea where we were
going or what was involved. I even
thought he was talking about the big
regatta sloops," he said. "But I was
really excited when I realized it was
the little boats I'd been watching all
that time."
The programme Donico stumbled
upon was the Bahamas Sailing Associ-
ation youth programme, and the little
boats were Optimist dinghies - the
boats most youngsters get their feet
wet in before graduating to the bigger
and more difficult to handle Sunfish.
In addition to providing training for
young Bahamians who have grown up
around the sport, the sailing camp,
which now operates year round, reach-
es into the public school system to
introduce as many Bahamian children
to the sport as possible.


BOXERS, from 11
And finally, he congratulat-
ed Knowles and Hield for the
manner in which they repre-
sented the country while they
were off for the past month.
"They had the best showing
ever and they ought to be
commended for being ambas-
sadors for our country," he
said. "Too often, we in the
Bahamas, look and say if you
didn't come first, second or
third, you didn't do anything.
"That's not the case in
sports. In sports, you give your
heart, your guts, everything on
the line. And that was what
these young men did. They

SAILORS, from 11

fourth consecutive year.
Forbes, who made his
debut, said he was also pleased
with his performance.
When asked if he thinks he
can come back next year and
beat de Cardenas, Forbes
could only chuckle because he
knows it would be a difficult
task.
And Brown, who wasn't eli-
gible to compete in the
Nationals over the weekend,
said he was thrilled to watch a
lot of the competitors whom
he had the opportunity to
coach. "This weekend was
really competitive," he said.
Talking about his perfor-
mance in Brazil in July, Brown
said it was a good experience
competing against the top
competitors from around the
world.
"It was a completely differ-
ent venue, a completely dif-


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+ hI4Wi k uahraIAi


DONICO BROWN in action...


"A lot of these kids would never
have been given the opportunity to try
it or even been exposed to sailing with-
out this junior programme," explains
race committee chairman and veteran
sailor Jimmy Lowe. "Being able to
teach them how to sail and provide the
necessary equipment for them to use is
clearly a good thing for them, but it's
good for those of us who love the sport


represented the country well,
they represented the country
with dignity and they are still
learning."
Archie Nairn, permanent
secretary in the Ministry of
Youth, Sports and Culture,
said the two boxers should be
commended, as well as Miller
and the executives of the
ABAB.
"What we see happening in
this federation exemplifies
what this ministry would like
to see in other federations as
well," Nairn stated. "When we
see the kind of success manu-
factured by the many pro-
grammes they have taken on,


ferent atmosphere," Brown
said. "I just need to work on
my techniques."
Brown, who came into the
programme from the incep-
tion when he attended C I
Gibson Secondary High, fin-
ished 52nd in the champi-
onships held July 9-18.
According to Lawrence,
each country got to enter at
least one competitor. This was
the second time that the
Bahamas was represented.
The first time was two years
ago.
Brown will be joined by
Christopher Sands, Michael
Holowesko, Michael Gibson
and Brent Burrows Jr, along
with Long Island's Torrington
Cartwright, as they represent
the Bahamas in the Interna-
tional Junior Sunfish Champi-
onships 2009 that will be host-
ed by the Nassau Yacht Club
October 15-17 in Montagu
Bay.


because we've been able to create a
base of new sailing talent that we'd
essentially lost for a generation because
there was no learn to sail programme."
To date, more than 850 children have
learned to sail or mastered their skills
on the water thanks to the programme,
which has expanded in its five years
into Grand Bahama, Abaco, Eleuthera,
Harbour Island and Long Island.
Come October 15-17, Donico,
Christopher Sands, Michael
Holowesko, Michael Gibson and Brent
Burrows Jr, all of Nassau, and Long
Island's Torrington Cartwright, are
expected to compete against top junior
sailors from around the world in the
International Junior Sunfish Champi-
onships 2009 that will be hosted by the
Nassau Yacht Club. That competition
will take place in Montagu Bay - the
very spot Donico was first introduced
to sunfish sailing.
"It's not going to be easy, but I do
think we have a bit of an advantage
because that's where we train every
day. We know the winds and the water
better than anyone else," he says. For
months now, he has been putting in
three to four hours a day in practice to
prepare for the big event.
In fact, Donico, Sands, Holowesko
and Burrows Jr are among the 16


then we have reason to be just-
ly proud."
Hield, who thanked God for
the opportunity to travel to
Italy, said the competition was
stiffer than he expected and
he went out there and he gave
it his all in the 64 kilogram
class.
"The loss has just boosted
me more to get back into
training for the Olympic
Games to be the first Bahami-
an to bring this gold medal
home," Hield said.
The 23-year-old noted that
Knowles' first round victory
was just like a gold medal for
the team because it put the
Bahamas on the map.
Knowles, who also thanked
the Lord, had nothing but
praise for all those who assist-


ed him mentally and physical-
ly to get ready for the champi-
onships, especially his father
who was there with him
throughout the whole experi-
ence.
"Everything went good,
everything was fine at the
training camp," he said. "As
you can see, boxing is at a
stage where it is on the rise
now and my training pro-
gramme is going very fine.
"It was good, but it wasn't
easy going up there and fight-
ing against the best in the
world. I went out there and I
did my thing. I brought back
history behind it."
Now 21-year-old Knowles
said he wants to be able to go
out and fulfill his next dream
which is to win a medal at the


Bahamians who are set to compete
against some of the world's best and
most seasoned sailors in the 2009 Sun-
fish World Championships also being
hosted by the Yacht Club October 16-
24.
"Having these two world class events
here in the Bahamas this year is a
major boost to the sport locally and
will also provide significant exposure
for the country as more than 150 peo-
ple from 14 different countries will be
here over the two week period.
"A lot of people are working hard
behind the scenes to make sure the
Bahamas shines and none of it could be
done without key corporate sponsors
like Pictet Bank & Trust, Nestle and
Atlantis or without the support of the
ministries of tourism and youth, sports
and culture," says Paul Hutton, chair-
man of the regatta.
The Bahamas has enjoyed much suc-
cess over the years in Sunfish sailing,
winning the World Championships five
times.
Donnie Martinborough, the
Bahamas' top finisher in this year's
Bahamas Nationals, is a three-time
Sunfish world champion, with top place
finishes in 1983, 1985 and again in 1988,
the last time the event was held in Nas-
sau.


Olympics in 2012.
Also in attendance was
Johnson, who is leaning on
making his second appearance
at the Olympics in 2012 with
Hield and Knowles, his team-
mates and training partners.
"This is a team, we all know
each other and I know what it
took down there to win was
not an easy task," Johnson
said. "These guys deserve a
standing ovation. They went
down there and did what they
had to do."
Unable to travel due to ill-
ness, Johnson said he was right
there in spirit and he congrat-
ulated both of them for their
efforts in Italy and he's look-
ing forward to one of them
getting a medal in London in
2012.


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Minister helps fund squash


By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net
WITH the Grand Bahama
Sports Complex undergoing
renovations, legendary track
coach Errol Bodie has decid-
ed not to sit idly down on the
sidelines. He has ventured
into the sport of squash, a
sport he is hoping to try and
resurrect in Grand Bahama.
At present, Bodie conducts
four classes daily for students
from Sunland Lutheran, St
George's, Tabernacle and
Walter Parker Primary
School. In all, Bodie is cater-
ing to more than 300 students
in the programme, an aver-
age of 30-35 per class.
Yesterday, Minister of
Youth, Sports and Culture
Desmond Bannister present-
ed Bodie with a grant to assist
in the development of his pro-
gramme.
During the day, Bodie said
the squash club is not in use,
so he came up with the idea of
hosting the high school stu-
dents on the four courts.


"I wrote to the Ministry
and the first time it was sent
back. But the second time, Mr
Bannister took note of the
programme," Bodie said.
While he said they would
like to cater to all of the
schools on Grand Bahama,
Bodie said there are five with-
in the vicinity that they have
earmarked.
"Sunland walks to the
squash club in the mornings
and St George's and Taber-
nacle busses their kids to the
squash club," Bodie said.
"This is the only way you
could develop a sport that is
not taught in the schools or
taught in the facilities in the
schools."
As a retired school teacher,
Bodie said he can devote his
time to the programme and
he has a number of friends
who come along to assist him.
"We're hoping that through
this programme, we can iden-
tify some talent, tennis talent
and squash talent," he said.
"Now-a-days, you don't hear
anything about squash
because it is dying.


ERROL BODIE accepts a cheque from Minister of Youth, Sports and Culture Desmond Bannister. Permanent secretary Archie Nairn looks on...


"There's no problem to
keep it going. In the


Caribbean at one time we
were the best. Now there is


hardly any squash players. I
think the end result of all this


Bannister extends deepest



condolences to Ferguson family


MINISTER of Youth,
Sports and Culture Desmond
Bannister has extended his
deepest condolences to the
family of the late Vincent
Lloyd Ferguson on behalf of
the government and the
entire local sporting commu-
nity.
Ferguson, 71, died at his
home while having breakfast
on Wednesday morning.
"As this country's pre-emi-
nent sports administrator, he
embodied all that is good
about Bahamian sports,
inspiring in athletes and spec-
tators alike, the notion that
they all shared an equal stake
in the growth and develop-
ment of the Bahamas through
whatever noble medium they
sought to pursue," Bannister
said.
He noted that "so firmly
did Ferguson believe in such
a proposition that many were


his personal sacrifices to con-
nect unattached Bahamian
youth with their true purpose
in life, whether as an athlete,
an academic, as a politician,
as an educator or as a social
scientist.
"Such sacrifices were many
and continuous, resulting in
an abiding respect for his pro-
found wisdom that readily
qualified him as a Bahamian
icon, well known throughout
local and international cir-
cles."
Bannister said his ministry
is convinced that "Vince Fer-
guson has been a shining
example to the youth and
people of the Commonwealth
of the Bahamas, as much by
his contribution to national
development through the use
of his intellect as by his steady
display of honesty, integrity
and respect for wider
humankind.


VINCENT FERGUSON

"Much can be said about
his days as an outstanding
athlete at St Augustine's Col-
lege where he functioned as
an important cog in engines
of the Big Red Machine, a
name he was responsible for
coining and assigning to SAC
during his days as coach and


vice principal there."
Bannister also noted that
"for all these and his other
telling attributes as profes-
sional baseball player that
Vincent Lloyd Ferguson was
inducted into this country's
National Hall of Fame in
2003, rightfully earning this
country's highest national
sporting award.
"I have further requested
the Sports Department of my
ministry to provide me with a
number of other recommen-
dations to perpetually com-
memorate the invaluable
national contributions made
by Mr Ferguson such that his
life will forever serve as a
beacon for the youth of the
Bahamas, especially those
who demonstrate an avoca-
tion for sports."
To the immediate and
extended family of Ferguson,
Bannister said he asks them


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to "take exceptional pride in
his life contributions, partic-
ularly in the countless lives
he so richly blessed by his
affinity to practice and preach
honesty and fair play.
"I am confident then, that
his many good deeds will long
outlive the relatively short
period of his temporal jour-
ney among us. Eternal rest
grant to him, 0 Lord."
Bahamas Basketball Fed-
eration president Lawrence
Hepburn offered his condo-
lences to the family.
"I join you in the mourning
of a legend who served his
generation with all he had,
with all that he said God had
endowed him," Hepburn
said. "Today we lost a father
to the modern game of bas-
ketball as we know it.
"Many had came before
him, but none had revolu-
tionise the game of basket-
ball like Mr Vince Ferguson.
His presence demanded
respect and he did not apolo-
gise for his strength, frank-
ness and style of leadership."
Hepburn said "while he
knew the power he possessed
he was also able to commune
with the most humbled or
down trodden."
He said Ferguson's words,
'Young Man,' would resonate
in his ear because Ferguson
always got his full and undi-
vided attention.
"Yes Mr Ferguson was a
giant the many has tried to
emulate," Hepburn said. "But
what I realized is that Vince
Ferguson not only was appro-
priate for his generation, very
much ahead of his time and
an exemplary role model, but
he was a man who possessed
a passion driven by a vision
and a love from God that
made him hurt to see his fel-
low men progress and
advance to the pinnacle of
success."
Hepburn further said:
"Most of all we all knew his
disciplinary approach to life.
Mr Ferguson was never too
afraid to discipline, but he
lived the example before us
and gave us a model to fol-
low."
And he noted that basket-
ball, baseball, track and field,
the Cancer Society, the
Bahamas Association of Bas-
ketball Officials, the men's
fellowship of his church and
all was well served by this
great Bahamian.
"The Bahamas Basketball
Federation which he formed
wishes at this time to say to
the family of this icon: 'Our
hearts hurt with you this day
and may the God of all com-
fort give you his ever-abiding
peace in this your time of sor-
row. We have indeed lost
another great Bahamian.'"


is the scholarships and if they
are very good, they can go
professional."
Bodie said he already has
two students who are being
groomed for athletic scholar-
ships in the US.
As for track and field, Bod-
ie said as soon as the renova-
tions to the Grand Bahama
Sports Complex are complet-
ed, he will look at making a
return to coaching track and
field again.
"Coach Bodie has been the
most successful track and field
coach we've had in the coun-
try, so the kids in Nassau bet-
ter watch out," Bannister said.


Baptist Sports

Council to

take break

for funeral

THE Baptist Sports
Council will take a break
next weekend because of
the funeral service of the
late Rashad Morris, who
was killed on Sunday
morning.
Morris is a brother of
Morris-Evans, who serves
as the treasurer of the
BSC. His father, Ortnell
Peter Morris, is also a
member of the league.
Morris has also helped
out considerably in the
concession stand at the
BSC's games. The BSC
extends its condolences to
the Morris family.
The BSC also extends
condolences to the hus-
band and wife team of
Keith and Pamela Capron,
who both play in the
league.
Their father and father-
in-law David Alphonso
'Iron Baby' Bethel, is slat-
ed to be laid to rest 10am
Saturday St Anne's Angli-
can Church.
The BSC will pay its
respects to the Capron
family by not starting its
games until noon Satur-
day.
The BSC is scheduled
to begin its 2009 Olympia
Morris-Evans Softball
Classic Saturday on
Wholesalers Field at the
Baillou Hills Sporting
Complex.
Here's a look at the
schedule of games for Sat-
urday:
Noon - Golden Gates
vs Ebenezer (Co-ed)
1pm - Macedonia vs Mt
Carey (M).
2pm - Transfiguration
vs Golden Gates (M)
3pm - Macedonia vs
Temple Fellowship (17-
And-Under)


Fort he stories
bein th. es

rea 0Inigh


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Trinidad

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Winning sailors are recognized


By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net
Following the suc-
cessful hosting of
the Bahamas
Optimist Nation-
al Championships
over the weekend, Minister of
Youth, Sports and Culture
Desmond Bannister lauded
two of the winners.
Bannister said he was par-
ticularly pleased to recognize
14-year-old Danny de Carde-
nas, the repeat overall cham-
pion, as well as 10-year-old
Alande Forbes, who was third
in the green fleet.
And Bannister also recog-
nised Donico Brown, the 18-
year-old who represented the
Bahamas at the World Cham-


SI


ALANDE FORBES shares a special moment with Minister of Youth,
Sports and Culture Desmond Bannister... Photos: Felip6 Major


pionships in Brazil in July.
"Sailing has really made
awesome steps in developing
young people and they have a
great vehicular route in teach-
ing young people how to swim


and how to sail," Bannister
said. "So we are very pleased
to support what they are
doing."
Bannister, along with per-
manent secretary Archie


SHOWN (1-r) are Danny de Cardenas, Donico Brown, Bannister, John
Lawrence, McPhee, Archie Nairn and Alande Forbes...


Nairn, presented a cheque to
John Lawrence, the president
of the Bahamas Sailing Asso-
ciation, for their continued
contribution to the growth and
development of the junior sail-


ing programme.
Lawrence said since the
junior programme was
launched five years ago, the
ministry has been a financial
partner and they assisted


greatly in their fourth summer
sailing camp that attracted 76
students from 28 different
schools.
Sailing camps were also held
in Harbour Island and Long
Island where another 40 stu-
dents were able to take advan-
tage of the programme.
"We just finished our
Bahamas Optimist National
Championships last weekend
where we had some 54 boats
competing," Lawrence said.
"They're all single handed
boats and they all performed
very well."
de Cardenas, who success-
fully defended his title, said he
had a "great time" and he
enjoyed competing for the

SEE page 9


J
/


SHOWN sitting (1-r) are Wellington Miller, Desmond Bannister and Archie Nairn. Standing (1-r) are referee
Alvin Sergeant, boxers Taureano Johnson, Carl Hield and Valentino Knowles and coach A Seymour...





Boxers make the





Bahamas proud


By BRENT STUBBS
Senior Sports Reporter
bstubbs@tribunemedia.net
Amateur Boxing Associa-
tion of the Bahamas president
Wellington Miller said he's
pleased that the Minister of
Youth, Sports and Culture
Desmond Bannister had a
send off for the two boxers
who fought in the World
Championships and honoured
them when they came home.
In August, the team of
Valentino Knowles and Carl
Hield, along with coach Andre
Seymour, attended the cham-
pionships in Milan, Italy.
While Hield was eliminat-
ed in the first round in the 64
kilogram weight class,
Knowles went on to make his-
tory by becoming the first
Bahamian to win a match. He
competed in the 60kg class.
"We in the amateur boxing
programme started the pro-
gramme 10 years ago after we
didn't make it to the 2004
Olympics," said Miller, who
also serves as president of the
Bahamas Olympic Associa-
tion.


"Reno Johnson was
involved in that. He went
through and followed our
instructions and he made it to
the 2008 Olympics and we
made history from there."
Knowles and Hield are fol-
lowing the same path as John-
son competing at the World
Championships. But he said
the quest now is for them to go
all the way to the Olympics in
London, England, in 2012.
"We're proud of them and
we are hoping that by the time
the Olympics roll around in
2012, they will come back with
a medal," Miller said.
Seymour, who made history
as the first Bahamian to com-
pete in two Olympics and win-
ning at least one bout, said it
was not an easy road being in
Italy with the boxers for five
weeks.
They started out in a train-
ing camp in Rome with over
80 boxers from more than 50
countries and the boxers per-
formed very well in the match-
es they competed in as they
prepared for the champi-
onships.
At the championships, Sey-


mour said the boxers went to
Milan and they did extremely
well, but he's confident that
because of the experience they
gained, the Bahamas could
end up winning its first medal
at the next championships in
two years and even at the
Olympics the following year.
"I can guarantee you that at
the next Olympics, we will hit
the medal podium," he said,
"as long we continue to invest
in our boxers and we continue
to get the support from the
parents."
Bannister firstly commend-
ed the families of both boxers
for the tremendous support
that they received as they took
the long journey to Italy.
Secondly, he thanked the
ABAB and its president,
whom he said has done an
excellent job, along with Sey-
mour, in exposing a lot more
youngsters to the sport.
"So many youngsters are
looking at a way to showcase
their skills and to develop their
skills," he said.

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PAGE 12, FRIDAY, SEPTEMBER 25, 2009


LOCALNWI


Police investigate fire at


Georgies on the beach
By DENISE MAYCOCK roof and a portion of the said police, acting on inform;
Tribune Freeport Reporter wood/stone deck. The fire was tion, went to Hampton Roa
dmaycock@tribunemedia.net extinguished. The building was around 5.35am where the


FREEPORT - Police are
trying to determine the cause
of a fire at Georgies on the
beach in Mather Town.
According to reports, some-
time around 11.50pm on
Wednesday police received a
report of a fire at Georgies
Restaurant, Disco and Lounge
on the Beach.
When firemen arrived at the
scene, flames had engulfed the


destroyed. Asst Supt Loretta
Mackey said investigations are
continuing into the matter.
SUSPECTS ARRESTED
Four persons were arrested
early Thursday morning after
police discovered and seized a
large quantity of cash, along
with a several firearms and
ammunition at a residence in
Freeport. ASP Loretta Mackey


a-
d
y


searched a residence occupied
by two men and two women.
While searching the resi-
dence and a vehicle, officers
discovered four unlicensed
firearms and ammunition with
some $67,000 cash in US cur-
rency. The suspects, who are
between 17 and 34 years of age,
were taken into custody. Offi-
cers at the Drug Enforcement
Unit are continuing their inves-
tigations into the matter.


Judge decides against stay of hotel union elections ruling


FROM page one

voters might not support the other members of
the team if such key members were missing.
"Having weighed the interests of justice,
the hopelessness of the appeal and as it relates
to the new nomination date of September 15
and the circumstances of this case, I felt com-
pelled to exercise my discretion to refuse a
stay of the September 7 decisions as well as to


refuse to stop the elections from proceeding on
September 29, 2009," Justice Adderley stated
in his ruling.
In a verbal judgment Justice Adderley also
ordered that union trustee Ian Neely obey the
September 7 ruling and sign the payroll sheet
by 1pm today and that no resignations are to
take effect until he does so. Justice Adderley
said that if Neely fails to comply he would
entertain a contempt of court hearing.


Travolta trial jurors discharged early


FROM page one

Jurors in the case were dis-
charged early yesterday.
Lawyers in the case had met
in closed court Wednesday
evening to make legal sub-
missions in the absence of the
jury. Senior Justice Anita
Allen reserved Thursday to
consider those submissions.
Prosecutors have called
four witnesses so far, includ-
ing Mr Travolta. On Wednes-
day Mr Travolta -who was the
only witness to take the stand-
recalled the efforts he and
others made to save his 16-
year-old son Jett's life after
the boy suffered a seizure on
the morning of January 2 at a
condo at the Old Bahama
Bay Resort where they were
vacationing. Mr Travolta
recalled that after being awak-
ened by a nanny he and his
wife- actor Kelly Preston- ran


downstairs to help their son.
Mr Travolta said that one of
Jett's nannies was doing chest
compression's while he per-
formed CPR.
Mr Travolta also told the
court on Wednesday that out-
side the condo, he spoke to
the ambulance driver and fol-
lowing that exchange he
received a liability release
document which he signed.
He admitted however that he
did not read the document
because "time was of the
essence."
Mr Travolta said that he
told the ambulance driver to
take Jett to the airport at Old
Bahama Bay; the reason
being he said was so that he
could take his son on a Ginn
jet to West Palm Beach rather
than taking him to the
Freeport hospital. Mr Travol-
ta testified however that Jett
was taken to the Freeport
hospital via ambulance. Mr


Travolta said that en route to
the hospital there was a
switching of ambulance dri-
vers.
The case resumes this
morning. A jury of six women
and three men was selected
on Monday in the case.
Bridgewater, 49, and Light-
bourne, 47, are accused of
conspiring to extort and
attempting to extort money
from Mr Travolta between
January 2 and 20 by means of
threats.
Bridgewater is also accused
of abettment to extortion. Ms
Bridgewater is being repre-
sented by attorneys Murrio
Ducille and Krysta Smith.
Mr Lightbourne is being
represented by attorney Carl-
son Shurland and Mary Bain
pro bono. Director of Public
Prosecutions Bernard Turn-
er, Neil Brathwaite and
Garvin Gaskin are prosecut-
ing the case.


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THE TRIBUNE









TRIBUNE


FRIDAY, SEPTEMBER 25, 2009


OEMS -


300 sales for


fund indulu~PI

*Bahamian pensions sector reot poct
esed' I Ib neuae


industry', says accountant,
urging that percentage of
workforce covered by plan
increase from 27% to 80-90%
* Absence of trust structures
creates uncertainty over plan
ownership, says actuary
* Concerns over level of loans
applied against retirement
funds, plus use of pensions to
invest in sponsor's company
and early withdrawals by plan
members

By NEIL HARTNELL
Tribune Business Editor
THE "most critical issue"
facing the Bahamian pension
fund industry is that the own-
ership of many funds is uncer-
tain because they have not
been incorporated as trust
structures, an actuary said yes-
terday, the sector operating as
"essentially a $1 billion unreg-
ulated industry".
Marcus Bosland, Colinalm-
perial Insurance Company's
resident actuary, addressing a
seminar organised by the
insurer's affiliate, CFAL, said
that among the concerns sur-
rounding the Bahamian pen-
sion industry were that there
was "nothing that prevents"
plan sponsors from investing
money held for its employees'
retirement in their own com-
panies.
Meanwhile, Kendrick
Christie, an accountant and
partner at Grant Thornton
(Bahamas), who is a member
of the Government-appoint-
ed committee examining the
creation of pension legislation,
said only 27 per cent of the
Bahamian workforce was cov-
ered by a pension plan.
"We need to get that to 80-
90 per cent," said Mr Christie,
"through encouragement, and
then mandatory legislation.
What we have here is essen-
tially a $1.1 billion unregulated
industry. We have to look at
how we introduce regulations
around the industry."
Recalling his experience
when he helped to administer
a company's Provident sav-
ings/retirement fund, Mr
Christie said legislation should
also look at Bahamians who
used their retirement funds as
collateral for loans.
He explained: "What con-
cerned me was the level of
loans persons applied against
their pension fund balances."
Mr Christie said it was pos-
sible for persons with $20,000
in retirement savings to walk
away with only $1,000-$2,000
as a result, adding: "I would
really want to look at how to
restrict the application of loans
and withdrawals [against pen-
sion fund monies].
"I was personally troubled
by persons who left the com-
pany who, in some cases, end-
ed up owing the company
money. We need to look at the
level of loan and withdrawal
applications against pension
plans."
Adding that another con-
cern was the "terms" under
which Bahamian pension plan
participants could withdraw
funds prior to retirement, to
cope with events such as med-
ical emergencies, Mr Bosland
SEE page four


By NEIL HARTNELL
Tribune Business Editor


*Mul


A MULTI-MILLION dollar mixed-use dollar
resort project is only awaiting govern-
ment approval of its Environmental Man-
agement Plan (EMP) before it begins final Signs
master planning, having pre-sold some
300 real estate plots to international buy- mana
ers over the past three years despite the ith
recession. with
The principals behind the 951.4-acre
Port St George project on Long Island With
have signed a 25-year management agree-
ment with Langham Hotels International and 1
to operate the development's 224-unit,
five-star resort, covering 27.2 acres. Oth- UnitS
er components feature a 640-slip marina,
1,217 residential units, commercial and
retail space, and a Robert Trent Jones II- To date,
designed golf course and country club. real estate
The project developer, RUFO Invest- George sit
ments Ltd, whose principals are UK citi- to leading
zens Ian Moorcroft and Jonathan tional spor
Houghton, said in their newly-released agreements
information brochure that permission for have been
Port St George had been granted by the chasers, w
Government, with only EMP approval deposit onc
"required before the final stage of master ished, the t
planning can begin", structure is
The EMP has already been submitted Although
for approval, and the developers state the absence
that final master planning "will commence Port St Ge
at the earliest possible opportunity",. conversion
Applications for subdivision approval will
then be made. SEE pa



NIB: 30% fall in


sickness claims


from fraud check

* $2m savings to social security programme from
3,000 drop in benefits claims for days off work
* Contribution income rises 2.3% to $108.2m for


year to August
* Average return on assets drops to 4.23% for 2009
* Board 'defers no prosecution' of delinquent employers

By NEIL HARTNELL
Tribune Business Editor I W N T(C


THE NATIONAL Insur-
ance Board (NIB) has seen a
30 per cent reduction in sick-
ness benefits claims since the
March 2009 introduction of a
form requiring employers to
confirm whether staff were
actually off work ill, its direc-
tor yesterday saying the sharp
reduction in fraudulent claims
had already saved $2 million.
Algernon Cargill, address-
ing a seminar organised by
investment advisory firm
CFAL, said that for 2009
year-to-date, sickness bene-
fits claims had dropped by
more than 3,000 - to 12,580
compared to the 2008 com-
parative figure of 15,870. NIB
had paid out $6.2 million in
sickness benefits claims this
year, compared to $7 million
for the same period last year.
"Since the introduction of
the Med-4 form, benefits
claims [for being off work
sick] have reduced by 30 per
cent," Mr Cargill said. "This
30 per cent reduction has so
far resulted in savings of $2
million to NIB.
"Many employees claiming
benefits from NIB for time
off work were not off..... This
tells us there was a problem,
and we're asking the indul-
gence of employees in sub-
mitting the Med-4 form when
employees submit a claim."
For 2009 to date, NIB has
received a combined 16,628
medical, sickness and injury
benefits claims, down from
19,633 in the same period in
2008. The value of benefits
paid out has fallen from $12
million to $10.8 million.
Meanwhile, Mr Cargill said
NIB's increased compliance
focus and ensuring it collected
all contributions due from
SEE page three


BRO


ti-million
r development
25-year
igement deal
Langham Hotels,
640-slip marina
,217 residential
also planned

the developers said some 300
sales outside the main Port St
e had been completed, many
European buyers and interna-
ts personalities. Right to Buy
to secure lots on the main site
entered into with the pur-
'ho must pay a 10 per cent
e subdivision drawings are fin-
)alance being due when infra-
completed.
no sales can be concluded in
e of subdivision approval, the
orge developers said "a high
rate of right to buy agreements
age five


Lack of 'trust'

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By NEIL HARTNELL
Tribune Business Editor
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SEE page two


20% of jobless claimants find

new work prior to benefit's end
By NEIL HARTNELL
Tribune Business Editor
THE National Insurance Board (NIB) will not defer police
action and prosecution of unemployment benefit fraudsters
even if they return the funds taken, it was revealed yesterday,
with some 20 per cent of
claimants not receiving the
full 13 weeks' benefit - indi- * NIB director warns
eating they were subse- fraudulent benefit claimants
quently able to find another that returning funds will not
job.
Algernon Cargill, NIB's prevent police action
director, addressing a semi- * $15.4m paid out to 11,225
nar organised by investment jobless Bahamians to date, with
advisory firm CFAL, $135 average weekly pay out
recalled how a woman came * 30% of government clinic
into see NIB's fraud unit last * 3 of ,
week, accompanied by her visits caused by chronic, non-
attorney, offering to return communicable diseases
all the unemployment bene-
fit cheques she had fraudu-
lently received following a visit from police investigators.
While NIB "in the first instance definitely insists on the
funds being returned", Mr Cargill said this act would not pre-
SEE page three


FAMILY GUARDIAN
INSURANCE COMPANY LIMITED





PAGE 2B, FRIDAY, SEPTEMBER 25, 2009


THE TRIBUNE


Abaco to get own tourism brand


By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net

MARSH HARBOUR,
Abaco - Abaco will be mar-
keted as its own destination
within the Bahamas just as
Nassau/Paradise Island has
been for decades, the minister
of tourism and aviation said,
with Marsh Harbour to receive
a new airport runway by next
month and 14 American Air-
lines flights per week.
Vincent Vanderpool-Wal-
lace could not say when con-
struction of the new Marsh
Harbour Airport terminal will
begin, but revealed that plans
for the building are almost
complete.
Speaking at the sixth annual
Abaco Business Outlook con-
ference, Mr Vanderpool-Wal-
lace said it was time that Aba-
co, which has the fastest grow-
ing economy and largest mari-
na industry in the Bahamas,
had its own marketing identity


FROM page one

said ocean thermal energy con-
version (OTEC), wave and
tidal energy were "not suffi-
ciently advanced to provide
useful power on a utility scale
at this time".
As for solar power, a power-
generation technology the
Bahamas seems ideally suited
to, the capacity factor for a
solar Photovoltaic plant at
Abaco's latitude was pegged
at around 21 per cent or less.
When it came to the com-
parative costs of power pro-
duction, as a percentage of
diesel generation, the BEC
presentation showed wind was
220 per cent more expensive;
waste-to-energy some 340 per
cent more expensive; and solar
450 per cent more expensive.
And as for land require-
ments, some 360 acres would
be required to house a 48
megawatt (MW) wind farm
featuring 50-metre towers;
1,920 acres to site a solar facil-
ity; and 20 acres set aside for


instead of being grouped with-
in the "Islands of the
Bahamas".
"We have to move Abaco
out of the shadow of Nassau
and Paradise Island," he said.
The minister said the
Bahamas' promotional neglect
of the Family Islands was com-
parable to Jamaica only sell-
ing Kingston in its promotion-
al material.
He argued that just as
Jamaica has successfully devel-
oped other areas of its island
into tourism meccas, so can the
Bahamas.
As American Airlines
arrivals are increased, the Min-
istry of Tourism is focusing on
creating a dedicated Abaco
logo for promotional purposes.
Essentially, according to Mr
Vanderpool- Wallace, Abaco
will be sold separately in the
future, much like Nassau/Par-
adise Island and Freeport,
Grand Bahama, have been.
However, the island remains
without suitable infrastructure



Energy

waste-to-energy power pro-
duction.
In short, the BEC presenta-
tion on renewable energy con-
cluded: "Renewables have a
greater land requirement.
Renewables presently are more
costly than traditional sources
of electricity production.
"Wind and solar do not pro-
vide continuous sources of
power, and will require tradi-
tional sources of power for
most of the time".
However, while acknowl-
edging that renewable, sus-
tainable forms of energy had
the ability to contribute to the
Bahamas' energy security, they
would only "eventually be inte-
grated into the power produc-
tion process in a limited way".
The presentation seemed
designed to dampen expecta-
tions about how useful renew-
able, sustainable energy would
be in meeting Abaco's power


for its rapidly-growing econo-
my.
BEC is working to increase
power output on the island,
but its Wilson City project was
recently set back because of
the need to obtain construc-
tion permits.
Mr Vanderpool Wallace said
Abaco's economy had seen a
27 per cent visitor arrivals
decline since the start of the
recession, while Freeport saw a
35 per cent decline and Nas-
sau an 8.8 per cent decline.
Administrator for Central
Abaco, Cephas Cooper, said
Abaco's economy has seen
growth on average of 32 per
cent in tourist arrivals since the
1960s. He said that despite the
economic downturn "the
future of Abaco still looks very
bright".
Mr Cooper said the island,
with a population of about
14,000 across several towns
along 120 miles of land, has
been experiencing rush hour
traffic recently - a testament


needs - and, indeed, those of
the wider Bahamas.
One attendee at the Abaco
Town Meeting on the Wilson
City power plant, speaking to
Tribune Business on condition
of anonymity, said BEC "did-
n't give any basis" for its deci-
sion and views on renewable
energy sources in the context
of the island's energy needs.
He added that while BEC
said the average wind speed
on Abaco per year was seven
knots, historical data showed it
was really around 16 knots. For
renewable energy derived from
wing, the latter figure was in
the Class 6 (outstanding) cate-
gory, and just below Class 7
(superb).
The source told Tribune
Business that while a wind farm
would be double the cost of the
proposed $105 million Wilson
City, Bunker C fuel-burning,
plant, that could be "made
back in a couple of years" from
the likes of carbon emission
credits.
In addition, he explained


to its growth.
Mr Vanderpool-Wallace
restated his consternation at
the price of airlift into Abaco,
but contended that the Min-
istry of Tourism and Aviation
is working to have airlines low-
er their costs.
He asserted that a flight to
Abaco from New York was
more expensive than a New
York to London flight. And
Abaconians lament that the
once per week American Air-
lines flight to Miami is more
expensive than flying to Nas-
sau, then taking a second flight
out to Miami.
According to Mr Vander-
pool-Wallace, the Bahamas is a
high cost destination due to
high labour costs and high
energy costs. He said this coun-
try has to find out how to com-
pete in this region with those
factors in mind.
"We cannot compete with
other destinations on the basis
of cost," he said. "We have to
find out how to compete."


that wind farms did not auto-
matically render the land where
they were located useless for
any other application, pointing
out that they co-existed quite
well with farmland.
Arguing that the Govern-
ment's approach to renewable
energies appeared designed to
protect BEC, and prevent peo-
ple from generating their own
power, the source said of the
proposed National Energy Pol-
icy (NEP): "It's pretty obvious
they have no intention of con-
sidering renewable energy
sources for another 20-30 years.
"They're doing a few pro-
jects, but are not going after it
in an aggressive sense. What
the Bahamas government
deems is the cheapest way to
generate electricity, that's the
policy.
"They haven't considered it
[renewable energy] at all. They
give it lip service, so people
feel all warm and fuzzy. All
this talk is to placate people
and show them they're doing
something."


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- Visit clients with the relationship manager when required.
* Keep the relationship manager updated on all issues regarding client accounts..
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close collaboration with Operations divisions.

QUALIFICATIONS/SKILLS:
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Offices in
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THE TIBUN FRIAY, EPTEMER 2, 209,IPGES3


FROM page one
vent the social security pro-
gramme from allowing police
to go through with their inves-
tigations, and eventual pros-
ecution, of benefit fraudsters.
The NIB director warned
Bahamians that the fund had
a simple way to detect fraud,
since it could compare unem-
ployment benefit claimants
with those whom employers
made contribution payments
on their behalf. If contribu-
tions were still being made on
behalf of a benefit claimant,
this indicated they were still
working.
Mr Cargill added that NIB
was receiving numerous calls
from neighbours to inform it
that persons claiming unem-
ployment benefit had either



FROM page one
employers and the self-
employed was paying off, as
contribution income had so
far defied the recession
through increasing by 2.3 per
cent year-over-year for the
first eight months of 2009.
For the year to August,
NIB's contribution income
stood at $108.2 million, com-
pared to $105.8 million the
year before. For 2008, con-
tribution income hit $154.9
million, up from $125 million
in 2004, $135.1 million in
2005 and $149 million in
2006. It was slightly below
the $155 million generated in
2007.
Meanwhile, Mr Cargill said
NIB's Board of Directors
"has not deferred any prose-
cutions" in court of delin-
quent employers who refused
to negotiate a settlement to
settle outstanding contribu-
tion amounts "regardless of
who is on the list".
The NIB director revealed
that the social security pro-
gramme always sought an up-
front payment of 40 per cent
of the sum owed by employ-
ers because this represented
the employees' share of con-
tributions, or the 3.4 per cent
deducted from their salaries
every month.
Explaining that court pros-


found new jobs, were work-
ing part-time or had gone self-
employed.
As a further safeguard,
rather than deposit benefits
direct to bank accounts, Mr
Cargill said NIB required all
claimants to come to its offices
and sign an affidavit confirm-
ing they were still unemployed
and looking for work.
Out of the $20 million trans-
ferred from NIB's medical
branch to finance the initial
stages of the unemployment
benefit scheme, Mr Cargill
said some $15.4 million had
been paid out to-date. The
average weekly benefit col-
lected by claimants, he said,
was $135.



NIB

ecutions were the "last
resort" when negotiations
failed and employers refused
to pay, Mr Cargill added:
"When we take people to
court, we are protecting the
employees, the workers of
the country, ensuring their
contributions are paid and
paid on time."
For 2009 year-to-date, Mr
Cargill said the average rate
of return on NIB's invested
assets had dropped a little to
around 4.23 per cent, but
pointed out that this was
"outperforming" many oth-
er leading indicators, such as
the BISX All-Share Index,
which was down 12 per cent
for the year-to-date.
For most of the five years
since 2004, NIB has generat-
ed an average return on its
assets of between 5-6 per
cent, exceeding the 6 per cent
barrier just once - in 2007.
Mr Cargill blamed the
decline in 2009 year-to-date
returns on its $1.6 billion
reserve fund on last year's
"market correction" follow-
ing "accelerated growth" in
previous years, plus the
decline in Cable Bahamas'
share price - the BISX-listed
company in which it is poised
to become the largest


Some 11,225 Bahamians
had so fare received unem-
ployment benefits, Mr Cargill
said, but 20 per cent of
claimants did not receive the
full 13 weeks of benefits, indi-
cating that they had found
jobs in the interim.
"There is not one Bahami-
an who has been approved
who has not received their
cheque every two weeks," Mr
Cargill said, adding that of the
11,225 claimants, an estimated
8,000-9,000 were on New
Providence. On Abaco, he
added that the unemployment
rate was 2-2.5 per cent, as indi-
cated by the percentage of the
workforce claiming benefit.
"We believe the $20 million


investor with an almost-30
per cent stake.
Justifying NIB's invest-
ment strategy, particularly its
dependence on government
debt instruments and build-
ing projects, Mr Cargill said
the Bahamian economy was
simply not large enough to
support all NIB's investment
assets and generate a good
rate of return. Nor could the
Bahamian commercial bank-
ing sector support them.
"NIB has no non-perform-
ing investments in the
Bahamas government, and
no non-performing govern-
ment debt," Mr Cargill said.
"The Government pays NIB
contributions and pays them
on time."
At year-end 2008, some 43





INSIGHT

Forthestoie


.Min te


Jobless claims


earmarked is sufficient to con-
tinue this unemployment ben-
efit," Mr Cargill said. "Every
Bahamian who qualifies,
regardless of whether the $20
million is expended, will
receive a benefit."
Currently, Bahamians
merely have to prove they are
unemployed to qualify, but Mr
Cargill warned that "the qual-
ifying criteria will be a lot
more stringent" when the
unemployment benefit enters
its permanent phase.
That will be when the NIB
contribution rate increases
from 8.8 per cent to 10.8 per
cent, to fund both the unem-
ployment programme and
proposed National Chronic
Drug Programme.
Mr Cargill said the latter
would generate "significant
savings" for Bahamian insur-


per cent of NIB's investment
portfolio was concentrated in
Government Registered
Stock Issues, 3 per cent in
Treasury Bills and 22 per
cent in Certificates of
Deposit (CDs). Some 5 per
cent was held in property
investments, chiefly govern-
ment buildings. A further 18
per cent of assets were
invested in bonds, 5 per cent
in shares, and 1 per cent in
loans.
Pointing out that foreign
investments were currently
not generating as good a
return as NIB's Bahamas-


ance companies and the pub-
lic, through facilitating the
purchase of drugs that com-
bat chronic diseases at lower
prices.
The NIB director said one
in three Bahamians suffered
from chronic, non-communi-
cable diseases "and most lack
timely access to prescription
drugs".
He added that at Wednes-
day's Business Outlook Con-
ference, Dr Pearl MacMillan,
the director of public health,
said that 30 per cent of all vis-
its to government clinics in the
Bahamas were by persons suf-
fering from chronic, non-com-
municable diseases.
While the programme
would be phased in, covering
pensioners, invalids and chil-
dren initially, all Bahamians
would eventually qualify, Mr


based portfolio, Mr Cargill
addressed recent criticism of
NIB's decision to terminate
investment management con-
tracts with CFAL, RoyalFi-
delity Merchant Bank &
Trust, and Providence Advi-
sors.
"The re-positioning of
investment strategy does not
mean reduced investment
opportunities or investment
inefficiency at NIB," he
added. "The opposite is true.
We are poised to ensure the
National Insurance Fund con-
tinues to return a positive
returns."


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PUBLIC NOTICEN


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Cargill saying the programme
would initially cover 11 dis-
eases, drugs and medical sup-
plies, and incorporate public
and private pharmacies.
"The goal is to reduce the
cost of drugs significantly, with
smaller co-payments and low-
er premiums for claiming pre-
scription drugs on medical
plans," Mr Cargill said.
He added that the planned
50 per cent increase in the
insurable wage ceiling, from
$400 to $600, meant high earn-
ers would receive greater ben-
efits from NIB. For instance,
sickness benefit, paid at 60 per
cent of the insurable wage
ceiling, would rise from $240
to $360 for higher income
earners, while pension pay-
ments would rise from the
monthly $970 earned at the
$400 ceiling.


While NIB generated a $54
million surplus in 2008, this
came almost entirely from its
investment income. Mr Cargill
said: "In 2009, for the first
time, it is projected that bene-
fits paid will equal contribu-
tion income. The majority of
the surplus will have come
from investment income."
With NIB taking in $13-
$14 million in contribution
income, the NIB director
added: "This is another rea-
son to increase the contribu-
tion rate, to ensure the bene-
fits paid out do no exceed the
contribution income."


FRIDAY, SEPTEMBER 25,2009, PAGE 3B


THE TRIBUNE





PAGE 4B, FRIDAY, SEPTEMBER 25, 2009


THE TRIBUNE


Family Islands always a loss maker for BEC


By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net

MARSH HARBOUR,
Abaco - BEC's Family Island
operations will generate at net
loss for the remainder of the
corporation's publicly owned
life, its general manager has
indicated.
Kevin Basden told the
Abaco Business Outlook con-
ference that BEC's New
Providence profits subsidise


the cost of electricity genera-
tion on the Family Islands due
to its uniform tariff system.
This allows Family Island res-
idents to pay the same rates
as New Providence residents
despite the higher overhead
cost of generation.
According to Mr Basden,
because the cost of operating
power plants on some Family
Islands is disproportionate to
the rates paid by consumers,
BEC is in a "loss position".
He said Family Island resi-
dents should be paying far


Legal Notice


NOTICE


CABEX INTERNATIONAL LTD.


Notice is hereby given that the winding up and dissolu-
tion of CABEX INTERNATIONAL LTD. has been
completed and the Company was removed from the
Register of Companies on the 12 th Day of August,
2009.

Dated this 25 th day of September, 2009



Maria M. F6rere
Liquidator








THE PUBLIC HOSPITALS AUTHORITY
BAHAMAS NATIONAL DRUG AGENCY

PUBLIC NOTICE
SUPPLEMENTARY TENDER FOR THE SUPPLY
OF DRUGS AND RELATED ITEMS

Tenders are invited for the Supply of Drugs and Related
Items for the Public Hospitals Authority and the Ministry
of Health, The Commonwealth of The Bahamas.

The Supplementary Tender Document, which includes
instruction to the Tenderers along with other relevant
information, can be collected from the Bahamas National
Drug Agency, Market & McPherson Streets, from
Thursday 24th, September 2009 from 9 am - 5 pm.

A Tender must be submitted in duplicated in a sealed
envelope or package identified as "Supplementary
Tender for the Supply of Drug and Related Items" and
addressed to:

Managing Director
Public Hospitals Authority
Third Terrace, West Centerville
P.O. Box N-8200
Nassau, The Bahamas

Electronic and hard copies must be received at the above
address on or before 5pm Friday, October 16th, 2009. A
copy of a valid business license and Nationals Insurance
Certificate must accompany all proposals.


The Public Hospitals Authority reserves the right to
reject any or all Tender(s).

Director


more than they do for their
energy consumption. Howev-
er, the prices that the energy
company would have to
charge could put electricity
prices out of reach of the
average population.
Mr Basden said purchasing
fuel, shipping fuel and main-
taining generators puts a
strain on BEC's finances,
which are never recouped in
the Family Islands.
According to him, the deci-
sion to supply power to the
Family Islands then becomes

FROM page one

said in a panel discussion that
his major fear centred on the
fact that "many of the pension
funds themselves are not cre-
ated by a trust".
A trust is essentially that, a
structure that effectively holds
pension plan assets in escrow
to meet the retirement needs
of plan members, and which
is segregated from the opera-
tional assets of their employ-
er/company sponsor.
"This is the most critical
issue facing the industry here,"
Mr Bosland said. "If trusts do
not arise to own the assets,
who controls and owns them?
In the absence of a trust, does
the employer own the fund?
Do the employees own the
fund? Is it 50/50? That's a crit-
ical matter.
"Plans that are segregated
but not in trusts do concern
me, because the question aris-
es as to who owns the plan.
We need to enhance plan
transparency." Disclosure to
plan participants was key, Mr
Bosland said, because if they
did not know how their retire-


less BEC's business and more
its social obligation.
BEC's corporate overview
reveals that it holds $900 mil-
lion of assets across the
Bahamas and averages $500
million in revenues, to which
$350 million goes to the pur-
chase of fuels to run 26 power
stations across the Bahamas.
While BEC is moving
towards making its operations
more efficient, hiring a con-
sultancy firm out of Germany,
and devising studies to gauge
the feasibility of alternative


Pension

ment funds were being man-
aged, it could lead to further
problems.
The absence of an overall
regulatory framework for the
Bahamian pension fund indus-
try means there are minimal
to no safeguards preventing
plan sponsors and employers
from investing a large per-
centage of plan assets, osten-
sibly held to meet obligations
to retired employees, in their
own companies.
This, Mr Bosland said, cre-
ated potential conflicts of
interest and investment risk,
with too great a percentage of
plan assets concentrated in
one investment.
He pointed to the collapse
of energy giant Enron earlier
this decade as an example of
the dangers this created, with
the company's employees los-
ing 80-90 per cent of their
retirement nest eggs because
they were invested so heavily
in the company's own stock.
"It's not clear to what


The Public is hereby advised that I, TAKASHA LETITIA SMITH
of the city of Freeport in the Islands of Grand Bahama,
intend to change my child's name from TA'KAI GRAYLON
ROKER to JAH'REN TA'KI DAVIS. If there are any objections
to this change of name by Deed Poll, you may write such objections
to the Chief Passport Officer, P.O.Box N-742, Nassau, Bahamas no
later than thirty (30) days after the date of publication of this notice.



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Email: energysavingsconsultants@hotmail.com

Contact 326-6121 *Motseveu


^31S Mf ROYAL. FIDELITY
Money at Work
C F A L" COLON:Z)L-D IAL
LI- -L TLL _ , - Tb L -L -L_'_---i T-L- .-i
THURSDAY 24 SEPTEMBER 2009
BISX ALL SHARE INDEX* CLOSE 1 502 88I CHG -11.011 -CHG -0 73 | YTD -209.48 I YTD - -12 23
FINDEX" CLOSE 789.77 I YTD -5 40:. I 2008 -12.31:.
WWW.BISXBAHAMAS.COM I TELEPHONE:242-323-2330 |I FACSIMILE: 242-323-2320
52wk-Hi 52wk-Low Security Previous Close Today's Close Change Daily Vol. EPS $ Div $ PIE Yield
1 81 1 03 AML Foods Lmited 1 08 1 08 000 0 127 0000 85 000%
11 80 990 Bahamas Property Fund 1075 1075 000 0992 0200 108 1 86%
930 590 Bank of Bahamas 590 590 000 0244 0260 242 441%
089 063 Benchmark 063 063 000 0 877 0000 N/M 000%
349 315 Bahamas Waste 315 315 000 0078 0090 404 286%
2 37 2 14 Fidelity Bank 237 2 37 0 00 0 055 0 040 43 1 1 69%
1420 1000 Cable Bahamas 1003 1003 000 1 406 0250 71 249%
2 88 2 74 Colina Holdings 2 74 2 74 0 00 0 249 0040 11 0 1 46%
7 50 5 26 Commonwealth Bank (81) 587 5 87 0 00 5,000 0 419 0 300 140 511%
385 1 27 Consolidated Water BDRs 342 334 0 08 0111 0052 301 1 56%
2 85 1 32 Doctor's Hospital 2 05 2 05 0 00 0 382 0080 54 3 90%
8 20 660 Famguard 6 60 6 60 0 00 0 420 0 240 157 3 64%
1250 880 Finco 930 930 000 0322 0520 289 559%
1171 1000 FirstCarbbean Bank 1000 1000 000 0631 0350 158 350%
5 53 4 50 Focol (S) 4 50 4 50 0 00 0 332 0 150 136 3 33%
100 1 00 Focol Class B Preference 1 00 1 00 000 0000 0000 N/M 000%
0 45 0 27 Freeport Concrete O 27 0 27 0 00 0 035 0 000 77 0 00%
902 549 ICD Utilities 550 550 000 0407 0500 135 909%
1200 998 J S Johnson 998 998 000 0952 0640 105 641%
1000 1000 Premier Real Estate 1000 1000 000 0180 0000 55 6 000%
BISX LISTED DEBT SECURITIES - (Bonds trade on a Percentage Pricing bases)
52wk-Hi 52wk-Low Security Symbol Last Sale Change Daily Vol. Interest Maturity
100000 1000 00 Fidelity Bank Note 17 (Series A) + FBB17 100 00 0 00 7% 19 October 2017
1000 00 1000 00 Fidelity Bank Note 22 (Series B) + FBB22 100 00 0 00 Prime + 1 75% 19 October 2022
1000 00 1000 00 Fidelity Bank Note 13 (Series C) + FBB13 100 00 0 00 7% 30 May 2013
100000 1000 00 Fidelity Bank Note 15 (Series D) + FBB15 100 00 0 00 Prime + 1 75% 29 May 2015
Fidelity Over-The-Counter Securities
52 k-.HI 52 kI-Lo S'ymbol Bid i fAsk i Last Price Veekly' Vol EPS i DI. i PE Yield
14 60 7 92 Bahamas Supermarkets 7 92 8 42 1400 -2 246 0 000 N/M 0 00%
8 00 6 00 Caribbean Crossings (Pref) 2 00 6 25 400 0 000 0 480 N/M 7 80%
Colina Over-The-Counter Securities
41 00 29 00 ABDAB 3013 31 59 2900 4540 0000 903 000%
0 55 0 40 RND Holdings 0 45 0 55 0 55 0 002 0 000 261 90 000%
BISX Listed r.lutual Funds
52 k-.HI 52 kI.Lo IFund Name NAV YTD Last 12 ' lonlhs DI. tYield N/V Dale
1 4038 1 3344 CFAL Bond Fund 1 4038 372 520 31-Aug-09
30350 2 8952 CFAL MSI Preferred Fund 2 8990 -1 39 -4 16 31-Aug-09
1 4905 1 4119 CFAL Money Market Fund 1 4905 396 549 18-Sep-09
36090 30941 Fidelity Bahamas G & I Fund 30941 -861 -1359 31 -Aug-09
13 0484 12 3870 Fidelity Prime Income Fund 13 1136 3 93 5 87 31-Aug-09
101 6693 1000000 CFAL Global Bond Fund 101 6693 1 10 1 67 30 -Jun- 09
100 9600 93 1992 CFAL Global Equity Fund 96 7398 0 35 -4 18 30-Jun-09
1 0000 1 0000 CFAL High Grade Bond Fund 1 0000 000 0 00 31-Dec-07
9 4075 9 0775 Fidelity International Investment Fund 9 3399 2 69 -1 41 31-Jul-09
1 0707 1 0000 FG Financial Preferred Income Fund 1 0707 338 5 14 31-Aug-09
1 0364 1 0000 FG Financial Growth Fund 1 0319 -0 11 2 05 31-Aug-09
rIARKET TERMIS
BISX ALL SHARE INDEX - 19 Dec 02 = 1,000 00 YIELD - last 12 month dividends divided by closing price
52wk-Hi Highest closing price In last 52 week- Bid $ Buying price of Colina and Fldehty
52wk-Low Lowest closing price In last 52 wee ks A k -Selling price of Colina and fldehty
Today's Close - Current days weighted price for dally volume Weekly Vol. - Trading volume of the prior week
Change Change in closing price from day to day EPS $S - A company repoed earnings per share for the last 12 ths
Daily Vol. - Number of total shares traded today NAV - Net Asset Value
DIVM-$DIv per shrep id i thIl-st12 months NM t- Meaningf
PIE closing price divided by the last 12 month earnings FINDEX- The Fldelty Bahamas Stoc Index January 1 1994= 100
[S) -4-for-1 Stock Split - Effective Date BtBt2007
[81) - 3-for-1 Stock Split - Effective Date 7/11/2007
TO TRADE CALL. COLINA 242-502-7010 | ROYALFIDELITY 242.-36-7764 1 FO CAPITAL MARKETS 242-396-4000 | COLONIAL 242-.02.7525


energy, it continues to have
to build power generating
facilities using diesel turbines.
"Many of the generators
are old and not very effi-
cient," Mr Basen said of the
typical generator across the
wider Bahamas. "There are a
lot of breakdowns and
employees have to work very
hard."
He said that if certain
renewable energy options are
implemented in the Bahamas,
BEC will be able to supple-
ment the existing power gen-

degree that is prevalent in the
Bahamas," Mr Bosland said.
"But the fact there is nothing
that prevents it, limits it or
requires disclosure of it is a
concern."
The Colinalmperial resident
actuary added that another
'grey area' in the Bahamas was
"the ability of people to with-
draw money from a fund prior
to retirement".
While "most plans don't
expressly permit it or restrict
it", Mr Bosland said that plan
members/employees with-
drawing their retirement
funds, so as to meet medical or
family emergencies, created
problems that were not obvi-
ous at first sight.
"The issue is: On what
terms should a plan allow
someone to do that, because
essentially a person is trading
off their retirement needs for
present needs," Mr Bosland
said. "However pressing that
need, it needs to be explained
to the employee, so they
should know the consequences
of doing it.
"I'm particularly concerned
about an employee's ability to
make a sensible decision,
when facing a financial crisis,
on something that affects their
financial future." Mr Bosland
suggested that counselling and
advisory services be made


eration method of burning
fossil fuels. However, it will
look into allowing private
generation of power via solar
panels, with a view to having
excess power generated rein-
serted into the grid.
Mr Basden restated yester-
day at the Bahamas Society
of Engineers luncheon meet-
ing that BEC does not want
to carry out disconnections,
and moving to find ways to
make power generation more
efficient and more affordable
for every Bahamian.

available to ensure employees
made an informed choice.
Mr Christie said Bahamas-
based companies should first
be encouraged to establish
retirement plans for their
employees, through the use of
incentives and highlighting
that such schemes often cre-
ated a happier, more loyal and
productive workforce.
Apart from pension funds,
he also urged that the
Bahamas' national savings rate
be increased, pointing out that
75 per cent of this nation's
bank accounts hold less than
$10,000, and most less than
$1,000.
Acknowledging that there
were concerns over the com-
position of plan Boards and
investment committees, espe-
cially if they were dominated
by plan sponsors or partici-
pants, Mr Christie said he
wanted to see statutory
requirements for the regular
auditing of pension funds,
especially those with assets
above a certain amount, "to
keep the actuary on their
toes".
Mr Christie added that poli-
cies governing plan investment
strategies, the concentration
of risk, and rules regarding
investments in related compa-
nies also needed to be man-
dated.


NOTICE is hereby given that RENE TELLE of
187 EMERALD CIRCLE, TREASURE COVE, P.O. BOX
CR-56766 NASSAU, THE BAHAMAS, is applying to the
Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 18th day of September, 2009 to the Minister
responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.





NOTICE is hereby given that GLORIA WILLIAMS of SOLDIER
ROAD, P.O. BOX N-1055, NASSAU, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and that
any person who knows any reason why registration/naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from the 25th day
of September, 2009 to the Minister responsible for nationality and
Citizenship, P.O. Box N-7147, Nassau, Bahamas.





NOTICE is hereby given that MICHAEL FANORD of
CHARLES VINCENT ST., NASSAU, THE BAHAMAS,
is applying to the Minister responsible for Nationality
and Citizenship, for registration/naturalization as a
citizen of The Bahamas, and that any person who
knows any reason why registration/naturalization
should not be granted, should send a written and
signed statement of the facts within twenty-eight days
from the 25th day of September, 2009 to the Minister
responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.


KING'S
REAL ESTATE





Real Estate Agents


Applicants must have:
* Outstanding personality
* Current BREA license
* Minimum 2-years experience
* Proven sales record


Apply to bahamas@kingsrealty.com
Deadline: September 30, 2009
Information: 394-4397


ITDISCS STOIE ON THI PAG LOG ON TOWWTIUE4.O














300 sales for resort project


into sales agreements is
expected, as the price at
which right to buy holders
are entitled to purchase is
extremely attractive. This
has led to some right to
buy agreements changing
hands for a considerable
premium.
"Whilst the pre-sales
from the right to buy


FROM page one

agreements are expected
to result in approximately
25 per cent of the plots at
Port St George being sold
at a substantial discount,
the early revenue generat-
ed is expected to more
than cover the costs of
infrastructure to the entire


site, including construction
of the marina and golf
course.....
"Evidence suggests that
residential values in the
Bahamas have held up
well, and furthermore that
US purchasers are begin-
ning to return to the
region." Interest, the
developers said, had been


received from Australia,
the Middle East and India.
The developers added
that they had been able to
reduce the risks associat-
ed with Port St George by
financing the development
costs to date, including the
land acquisition, entirely
from their own equity and
financial resources.


"This debt free status
has allowed Port St
George to emerge
unscathed from the finan-
cial turmoil of 2008-2009,
and the developers are
now well-positioned to
take advantage of reduced
construction costs and the
initiatives to boost the
global economy that are


being taken by govern-
ments around the world,"
the developers said.
The development will be
undertaken in a joint ven-
ture partnership with BDO
Stoy Hayward Investment
Management, the 385
hectare project covering
"less than 1 per cent" of
Long Island.


Bahamas Waste Limited

Condensed Balance Sheet
(unaudited)


Assets
Current assets
Cash and cash equivalents
Accounts receivable, net
Inventory
Prepaids and other receivables
Deposits
Total current assets

Non-current assets
Investment in associate
Property, plant and equipment, net
Total non-current assets
Total assets

Liabilities and shareholders' equity
Liabilities
Current liabilities
Bank overdraft
Accounts payable and accrued liabilities
Current-portion of note payable (note 5)
Total current liabilities

Non-current liabilities
Security deposits
Note payable (note 5)
Total non-current liabilities
Total liabilities

Shareholders' equity
Share capital
Contributed surplus
Retained earnings
Total shareholders' equity
Total liabilities and shareholders' equity


June 30 December 31
2009 2008


$ 283,956 $ 160,456
1,612,317 1,496,303
357,322 304,064
199,371 77,835
12,900 12,900
2,465,866 2,051,558


143,248 143,248
7,212,612 7,391,968
7,355,860 7,535,216
$ 9,821,726 $ 9,586,774




$ - $ 17,802
321,273 397,783
84,401 98,384
405,674 513,969


397,714 407,889
220,589 254,940
618,303 662,829
1,023,977 1,176,798


42,000 42,000
2,752,113 2,752,113
6,003,636 5,615,863
8,797,749 8,409,976
$ 9,821,726 $ 9,586,774


Bahamas Waste Limited

Condensed Statement of Income and Retained Earnings
(unaudited)


Sales and services rendered
Cost of sales and direct expenses
Gross profit

Expenses
Operating
Interest and bank charges
Total operating expenses

Net income

Retained earnings at beginning of year
Retained earnings at end of period

Earnings per share


Six months ended June 30
2009 2008

$ 3,795,480 $ 3,879,395
2,442,958 2,732,903
1,352,522 1,146,492


951,224 943,592
13,525 13,017
964,749 956,609

387,773 189,883

5,615,863 5,287,247
$ 6,003,636 $ 5,477,130

$ .09 $ .05


See accompanying notes to unaudited condensed interim financial statements.



Bahamas Waste Limited

Condensed Statements of Cash Flows (unaudited)


Cash flows from operating activities
Operating activities
Net income
Adjustments for items not involving use of cash:
Depreciation

Change in non-cash working capital items
Increase in accounts receivable
Increase in inventory
Increase in prepaid expenses and other assets
Decrease in accounts payable and accrued liabilities
(Decrease) increase in security deposits
Net cash flow provided by operating activities

Cash flows from investing activities
Purchase of fixed assets
Investment in associate
Net cash flow (used in) provided by investing activities

Cash flows from financing activities
Proceeds from note payable
Payment of note payable
Net cash flow (used in) provided by financing activities

Net change in cash
Cash position at beginning of the period
Cash position at end of the period


Six months ended June 30
2009 2008



$ 387,773 $ 189,883

615,247 619,386
1,003,020 809,269

(116,014) (159,900)
(53,258) (44,167)
(121,536)
(76,510) (50,901)
(10,175) 21,593
625,527 575,894


(435,891) (892,823)
_ - (50,000)
(435,891) (942,823)


400,000
(48,334) -
(48,334) 400,000

141,302 33,071
142,654 (191,960)
$ 283,956 $ (158,889)


See accompanying notes to unaudited condensed interim financial statements.


Bahamas Waste Limited

Notes to Unaudited Condensed Interim Financial Statements
June 30, 2009



1. Corporate Information

Bahamas Waste Limited ("BWL") was incorporated under the laws of the Commonwealth of The
Bahamas on August 18, 1987. The Company is engaged in the business of solid and medical waste
collection and disposal, including the sale, installation, rental and maintenance of waste compactors
and containers. The Company has publicly traded shares which are registered on the Bahamas
International Stock Exchange. The latest audited accounts of the BWL were prepared on December
31, 2008.

The quarter ends of BWL fall on March 31, June 30 and September 30, with the year end of the
Company being December 31.

The condensed interim financial statements for the six months ended June 30, 2008 were authorized
for issue by the directors on September 4, 2006.



2. Summary of Significant Accounting Policies

Basis of preparation
These condensed interim financial statements for the six months ended June 30, 3007 have been
prepared in accordance with International Accounting Standard 34 Interim Financial Reporting.

The condensed interim financial statements do not include all of the information and disclosures
required in the annual financial statements, and should be read in conjunction with the December
31, 2008 audited financial statements.

The accounting policies adopted in the preparation of the interim condensed financial statements are
consistent with those followed in the preparation of the Company's annual financial statements for
the year ended December 31, 2008, except for the adoption of new standards and interpretations and
amendments to existing standards have been published that are mandatory for the Company's
accounting periods beginning on or after January 1, 2009 or later periods, noted below. Adoption of
the following Standards and Interpretations did not have any effect on the financial position or
performance of the Company.




Bahamas Waste Limited

Notes to Unaudited Condensed Interim Financial Statements (Continued)





2. Summary of Significant Accounting Policies (Continued)

Basis of preparation (continued)
* IFRS 2 Share Based Payments (Revised)
* IFRS 3 Business Combinations (Revised)
* IFRS 8 Operating Segments
* IAS 23 Borrowing Costs (Revised)
* IAS 27 Consolidated and Separate Financial Statements (Revised)
* IFRIC 15 Agreements for the Construction of Real Estate
* IFRIC 16 Hedges of a Net Investment in Foreign Operation
* IFRIC 17 Distribution to Non-Cash Assets to Owners
* IFRIC 18 Transfers of Assets from Customers


3. Earnings per Share

Earnings per share were calculated based on the shares outstanding at the end of the period, which
approximated average shares outstanding during the period.


2008


Shares outstanding at June 30


4,200,000


4,200,000


4. Related Party Transactions

During the quarter, BWL entered into transactions with related parties. All transactions were
conducted at arms length and significant obligations to the related parties at June 30, 2008.




5. Note Payable

On June 1, 2008, the Company entered in agreement to purchase property adjacent to its existing
location for $500,000. Pursuant to that agreement, the Company had paid the vendor $100,000 and
entered into a $400,000 promissory note agreement with Davandon Holdings Limited. The term of





Bahamas Waste Limited

Notes to Unaudited Condensed Interim Financial Statements (Continued)





6. Commitments and Contingencies

The Company guarantees its compactors for a 60-day period from the date of purchase. The
Company is reimbursed by the manufacturer for any claims paid under such guarantees.


I iI~

TDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22.O


FRIDAY, SEPTEMBER 25,2009, PAGE 5B


THE TRIBUNE




TH TRIBUNEII '


THE WEATHER REPORT

I ~IA I I


-, ORLANDO
High: 92� F/33� C
Low:750�F/240 C
Q.
TAMPA
High: 910 F/330 C
Low: 760�F/240 C

.� _ " " ' "

,]


-7
:.*'- ' "

)


Mostly sunny, a t-storm Partly cloudy; a shower Breezy with partial Clouds and sunshine. Partly sunny. An afternoon
in spots. or t-storm. sunshine. thunderstorm possible.
High: 880 High: 880 High: 880 High: 880
High: 890 Low: 730 Low: 740 Low: 750 Low: 750 Low: 750
rTm rIa ir'M F.7M- -I. .M.mmmarffir mms!Vrm.s msmU-nMsIrM .wmarmrss 7mmarff. ,
S 100o F 74 � F 89o-78o F I 2-81 F 95o-84 O F 1 02o-78o F
The exclusive AccuWeather RealFeel Temperature� is an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and
elevation on the human body-everything that effects how warm or cold a person feels. Temperatures reflect the high and the low for the day.


I. Al , . U l I


I AILMI NACa1


a WEST PALM BEACH
High: 91 �F/330 C
Low: 770 F/250 C


FT. LAUDERDALE
High: 89� F/320C CL
Low: 780 F/260 C


MIAMI
High: 89� F/320 C
Low:790F/260C


KEY WEST
High: 880�F/31� C
Low: 80� F/270 C
�.


Shown is today's weather. Temperatures are today's
highs and tonight's lows.


Albuquerque
Anchorage
Atlanta
Atlantic City
Baltimore
Boston
Buffalo
Charleston, SC
Chicago
Cleveland
Dallas
Denver
Detroit
Honolulu
Houston


High
F/C
78/25
49/9
87/30
74/23
75/23
66/18
69/20
89/31
74/23
73/22
82/27
66/18
72/22
88/31
85/29


Low
F/C
55/12
41/5
67/19
50/10
51/10
45/7
46/7
70/21
56/13
56/13
62/16
44/6
56/13
76/24
70/21


W High
F/C
s 81/27
r 50/10
c 81/27
pc 66/18
pc 71/21
s 63/17
s 69/20
c 87/30
r 76/24
s 71/21
pc 88/31
c 85/29
s 70/21
s 88/31
r 90/32


Saturday
Low
F/C
55/12
39/3
65/18
60/15
56/13
55/12
54/12
71/21
58/14
59/15
68/20
50/10
58/14
75/23
73/22


Indianapolis
Jacksonville
Kansas City
Las Vegas
Little Rock
Los Angeles
Louisville
Memphis
Miami
Minneapolis
Nashville
New Orleans
New York
Oklahoma City
Orlando


Today
High Low
F/C F/C
73/22 61/16
90/32 71/21
76/24 55/12
99/37 69/20
81/27 63/17
94/34 64/17
79/26 66/18
80/26 68/20
89/31 79/26
68/20 54/12
83/28 68/20
87/30 74/23
71/21 52/11
78/25 55/12
92/33 75/23


Saturday
W High Low
F/C F/C
r 74/23 56/13
pc 88/31 71/21
c 74/23 60/15
s 101/38 71/21
c 83/28 61/16
s 96/35 64/17
r 78/25 59/15
r 82/27 64/17
pc 89/31 79/26
r 75/23 58/14
t 79/26 59/15
t 87/30 73/22
s 67/19 61/16
pc 83/28 60/15
pc 91/32 72/22


ABACO
High: 89� F/320 C
S---7 Low: 75� F/24� C





FREEPORT -",
High: 89� F/320 C
Low: 730 F/230 C




NASSAU
High: 89� F/320 C
., --- Low:730F/230C





-l-




ANDROS
High: 90� F/320 C
Low: 740 F/230 C


Philadelphia
Phoenix
Pittsburgh
Portland, OR
Raleigh-Durham
St. Louis
Salt Lake City
San Antonio
San Diego
San Francisco
Seattle
Tallahassee
Tampa
Tucson
Washington, DC


High
F/C
73/22
102/38
73/22
81/27
80/26
78/25
84/28
82/27
80/26
79/26
69/20
92/33
91/32
95/35
75/23


Today
Low
F/C
53/11
73/22
49/9
53/11
61/16
59/15
55/12
67/19
64/17
57/13
52/11
71/21
76/24
67/19
55/12


Statistics are for Nassau through 2 p.m. yesterday
Temperature
High ........................... .................. 90� F/32� C
Low ............................ .... .............. 81� F/270 C
Norm al high ................................... 870 F/31� C
Norm al low ...................................... 74� F/24� C
Last year's high ............................... 880 F/31� C
Last year's low ............................... 770 F/250 C


E U L ,.--.. W


INSURANCE MANAGEMENT
(BAHAIMAS) UNITED. INSURANCE BROKERS & AGENTS


1 2 31 5 61 7 89110 1
LOW MODERATE HIGH V. HIGH EXT

The higher the AccuWeather UV Indexm number, the
greater the need for eye and skin protection.



High Ht.(ft.) Low Ht.(ft.)
Today 12:36 p.m. 2.9 6:05 a.m. 1.0
S----- 7:10 p.m. 1.3

Saturday 12:57 a.m. 2.4 7:03 a.m. 1.2
1:35 p.m. 2.8 8:11 p.m. 1.4
Sunday 2:00 a.m. 2.4 8:05 a.m. 1.3
2:35 p.m. 2.8 9:09 p.m. 1.4
Monday 3:01 a.m. 2.4 9:06 a.m. 1.3
3:31 p.m. 2.8 10:01 p.m. 1.3


Precipitation Sunrise ...... 7:00 a.m. Moonrise .... 1:33 p.m.
As of 2 p.m. yesterday .................................. 0.05" Sunset . . . . . . 7:03 p.m. Moonset ....... . none
Year to date ............ ...................... 30.56" First Full Last New
Norm al year to date .................................... 36.98".

AccuWeather.com
Forecasts and graphics provided by "'
ELEUTHERA AccuWeather, Inc. @2009 Sep. 26 Oct. 4 Oct. 11 Oct. 18
High: 89� F/320 C
Low: 75� F/240 C


CAT ISLAND
7 , High:870F/31�C
Low: 730 F/230 C


GREATEXUMA
High: 90� F/320 C
Low: 76� F/24� C

*." .. ,- .


Saturday
W High Low V
F/C F/C
pc 68/20 58/14 pC
s 103/39 76/24 s
pc 66/18 54/12 r
s 74/23 50/10 s
pc 73/22 64/17 c
r 78/25 61/16 st
s 84/28 57/13 s
pc 89/31 71/21 s
pc 82/27 64/17 pC
pc 82/27 56/13 pC
s 67/19 48/8 s
pc 90/32 70/21 t
t 90/32 76/24 t
s 97/36 67/19 s
pc 68/20 63/17 r


SAN SALVADOR
High:88*F/31�C
Low: 74*�F/23* C

-;;... ,


LONG ISLAND
High:880F/31�C
Low: 750 F/240 C


N
H
L


MAYAGUANA
High: 860�F/30� C
Low: 75� F/240 C


CROOKED ISLAND/ACKLINS
RAGGED ISLAND High:890F/320 C
Low: 770 F/250 C
High: 870�F/31� C
Low:740F/230C

GREAT INAGUA
High: 90� F/320 C
Low: 770�F/250 C


I WRDCTE I


�Ablh- Z,


WINDS WAVES VISIBILITY WATER TEMPS.
NASSAU Today: E at 8-16 Knots 1-3 Feet 6 Miles 86� F
Saturday: E at 8-16 Knots 1-3 Feet 10 Miles 86� F
FREEPORT Today: ENE at 8-16 Knots 1-2 Feet 6 Miles 86� F
Saturday: E at 8-16 Knots 1-3 Feet 10 Miles 86� F
ABACO Today: E at 7-14 Knots 3-5 Feet 10 Miles 850 F
Saturday: E at 8-16 Knots 3-5 Feet 10 Miles 850 F


Weather (W): s-sunny, pc-partly cloudy, c-cloudy, sh-showers, t-thunder-
storms, r-rain, sf-snow flurries, sn-snow, i-ice, Prcp-precipitation, Tr-trace


TEMBER 25TH, 2009, PAGETB]


I ramVINSI'losw I


U.S. CITIES I


Acapulco
Amsterdam
Ankara, Turkey
Athens
Auckland
Bangkok
Barbados
Barcelona
Beijing
Beirut
Belgrade
Berlin
Bermuda
Bogota
Brussels
Budapest
Buenos Aires
Cairo
Calcutta
Calgary
Cancun
Caracas
Casablanca
Copenhagen
Dublin
Frankfurt
Geneva
Halifax
Havana
Helsinki
Hong Kong
Islamabad
Istanbul
Jerusalem
Johannesburg
Kingston
Lima
London
Madrid
Manila
Mexico City
Monterrey
Montreal
Moscow
Munich
Nairobi
New Delhi
Oslo
Paris
Prague
Rio de Janeiro
Riyadh
Rome
St. Thomas
San Juan
San Salvador
Santiago
Santo Domingo
Sao Paulo
Seoul
Stockholm
Sydney
Taipei
Tokyo
Toronto
Trinidad
Vancouver
Vienna
Warsaw
Winnipeg


High
F/C
90/32
63/17
75/23
76/24
63/17
89/31
87/30
77/25
82/27
78/25
76/24
63/17
83/28
70/21
66/18
73/22
66/18
91/32
93/33
74/23
90/32
82/27
79/26
65/18
63/17
68/20
71/21
59/15
88/31
55/12
91/32
110/43
76/24
81/27
63/17
89/31
73/22
68/20
84/28
85/29
72/22
79/26
64/17
54/12
66/18
88/31
99/37
63/17
72/22
64/17
75/23
100/37
75/23
88/31
84/28
87/30
63/17
86/30
67/19
72/22
63/17
77/25
91/32
79/26
64/17
90/32
67/19
66/18
63/17
77/25


Today
Low W
F/C
77/25 pc
52/11 pc
47/8 s
63/17 s
53/11 r
78/25 t
77/25 sh
63/17 s
61/16 pc
72/22 s
52/11 pc
48/8 pc
75/23 sh
41/5 pc
49/9 s
50/10 s
48/8 pc
68/20 s
83/28 r
41/5 s
73/22 t
72/22 t
61/16 t
50/10 c
50/10 pc
50/10 pc
53/11 pc
43/6 c
71/21 t
48/8 sh
81/27 s
72/22 s
63/17 pc
59/15 s
52/11 t
79/26 sh
58/14 s
50/10 pc
54/12 s
76/24 r
55/12 t
63/17 c
45/7 s
45/7 sh
48/8 pc
55/12 pc
79/26 s
49/9 pc
49/9 pc
45/7 s
67/19 pc
71/21 s
63/17 pc
80/26 pc
49/9 s
73/22 t
41/5 c
73/22 r
60/15 pc
55/12 c
50/10 pc
66/18 s
81/27 s
68/20 pc
50/10 s
70/21 pc
54/12 pc
51/10 pc
50/10 pc
57/13 s


I


I


I


I


. . .. ........


o,


. . . .. ............


Saturday
High Low W
F/C F/C
92/33 79/26 t
63/17 50/10 s
76/24 45/7 c
81/27 66/18 pc
64/17 51/10 pc
89/31 77/25 r
86/30 77/25 sh
75/23 61/16 s
81/27 61/16 t
78/25 71/21 s
74/23 50/10 s
68/20 52/11 s
82/27 72/22 pc
68/20 45/7 pc
70/21 51/10 s
72/22 50/10 s
70/21 50/10 s
92/33 72/22 s
93/33 84/28 r
66/18 34/1 pc
90/32 73/22 sh
83/28 73/22 t
78/25 60/15 pc
64/17 51/10 pc
63/17 52/11 pc
70/21 48/8 s
69/20 54/12 pc
61/16 46/7 s
88/31 71/21 s
63/17 52/11 c
91/32 82/27 s
106/41 72/22 s
77/25 60/15 s
77/25 61/16 s
74/23 55/12 s
88/31 79/26 sh
73/22 57/13 pc
72/22 50/10 pc
82/27 57/13 pc
84/28 76/24 r
72/22 52/11 t
86/30 70/21 s
66/18 54/12 s
55/12 46/7 pc
71/21 48/8 s
88/31 56/13 pc
99/37 77/25 s
68/20 45/7 s
72/22 50/10 s
67/19 47/8 s
77/25 71/21 c
100/37 71/21 s
79/26 61/16 s
88/31 79/26 s
81/27 42/5 s
87/30 73/22 t
55/12 37/2 c
86/30 73/22 sh
73/22 65/18 t
77/25 59/15 c
68/20 52/11 pc
72/22 54/12 pc
92/33 83/28 s
75/23 66/18 pc
66/18 55/12 r
96/35 69/20 s
63/17 48/8 pc
67/19 54/12 s
61/16 50/10 c
73/22 50/10 pc




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