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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: January 7, 2010
Frequency: daily, except sunday
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Genre: newspaper   ( marcgt )
Spatial Coverage: Bahamas
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General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
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Volume: 106 No.36 THURSDAY, JANUARY 7, 2010 PRICE - 750 (Abaco and Grand Bahama $1.25)









It's the worst personal






experience I ave faced'


By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
BLAMING PLP party
leader Perry Christie for
"undermining" him as a
political representative,
Malcolm Adderley yester-
day formally announced his
resignation as an MP, days
after notifying the PLP that
he was leaving the party.
In an at times emotional
speech, Mr Adderley said
the last seven and a half
years as MP for Elizabeth
have been "the worst per-
sonal experience" for him
and his family as his rela-
tionship with the leadership
of the PLP went from bad
to worse.
"Ever since my election
to this honourable House in
2002, my relationship with
the leadership of my party
has been strained," said Mr
Adderley.
"Seven and a half years
later that relationship has


worsened. From then to
now has been the worst per-
sonal experience that my
family and I have ever
faced. I took the insults, the
disrespect, the negative gos-
sip, the careful and calcu-
lated undermining that was
the hallmark of my politi-
cal journey..."
He said his decision to
resign, "one of the most dif-
ficult" he has made, came
not because of any personal
disgruntlement over being
denied a Cabinet position
under the 2002 to 2007
Christie administration, as
some had alleged, but
because the 4,000 "loyal,
decent and loving" con-
stituents in Elizabeth
"deserve better."
"The people of Elizabeth
need as their representative
someone who has the full
support of the party. Any-
thing less is almost futile for
the development and
SEE page six


Attorney voices
concern over retired
politicians on bench
By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
ATTORNEY Damian Gomez contends that the number
of retired politicians who are taking up positions on the
bench makes it harder for lawyers to find a sitting judge
without an apparent conflict of interest in civil suits against
the AG's office.
Mr Gomez claims this has created a court backlog con-
tributing to deteriorating public confidence in the legal
system.
His comments add to the growing concern that the antic-
ipated appointment of former MP Malcolm Adderley to the
Supreme Court bench will undermine the independence of
the judiciary from the influence of the executive branch of
Government.
SEE page 15


Registration centres
to open today for
Elizabeth constituents
By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net
PARLIAMENTARY
Commissioner Errol Bethel
has issued a notice advising
residents of the Elizabeth
constituency that beginning
today registration centres
will be established at the
Thelma Gibson School in
preparation for this con-
stituency's impending by-
election.
This centre will be open
today and Friday from 5pm
to 8pm and on Saturday, Jan-
uary 9, 2010 from 10am to
3pm to facilitate any changes
to the current register of vot-
ers in the area.
"If there is a need to
extend beyond these days
arrangements will be made.
The centre will accommo-
date applications for regis-
tration, transfer on the reg-
ister, and corrections to the
register," Mr Bethel said.
Yesterday the PLP's for-
mer Member of Parliament
SEE page 15


INSIDE

MALCOLM ADDERLEY'S
RESIGNATION SPEECH IN FULL
PAGE TWO
PERRY CHRISTIE DENIES
UNDERMINING CHARACTER
OF MALCOLM ADDERLEY
PAGE THREE
NDP CALLS FOR REFORM TO
LIMIT A PM'S CHANCES OF
POWER ABUSE
PAGE FIVE


Hotel Union members protest ruling on president


By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net
MEMBERS of the Bahamas
Hotel, Catering and Allied
Workers Union assembled on
Rawson Square yesterday to
protest a Court of Appeal rul-
ing that challenged the legiti-
macy of the union's elected
president.
"We are sick and tired of
what is going on. We went out
to the polls already, twice, and
now we are sick and tired. Our
union has been in trouble for
a long time. We voted out Roy


Colebrooke. We are wonder-
ing who in this country cares
about the workers. The union is
governed by a constitution.
They are using the courts to try
to get out the first female work-
er elected as president of the
union," said Svelynn Stuart, a
union member.
The Bahamas Hotel Cater-
ing and Allied Workers Union
(BHCAWU), representing
over 5,000 workers, is the
largest labour union in the
country. It was established
more than 50 years ago. For
SEE page 15


. JOHN 5. GEORGE r
Harbour Bay Locatin !.
,t~yif


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Tribune


PITTSBURGH
P A I N T S


Available at
The Paint Depot
ML Royal Ave.
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+


PAGE 2, THURSDAY, JANUARY 7, 2010


THE TRIBUNE


Malcolm Adderley's resignation speech in full


"Mr Speaker,
Members of Parliament,
It is my belief that politics is
about persons coming together
to achieve common goals for
the good of the people they
represent.
In order for the group to sur-
vive there must be respect,
honesty, transparency and
decency towards one another.
In order for progress to be
achieved, there must be some
real fundamental bonding with
each other - and a vision as to
what that group needs to
achieve in order to capture the
dream to which people aspire.
Mr Speaker, when I was
invited to enter the political
arena some time in the year
2001, I had a vision of being a
part of an organisation that my
father, a humble taxi driver
(taxi no. 4) was a proud and
faithful member of since its
inception. I reluctantly agreed
to enter politics but felt it was a
noble cause. Over the years,
my reluctance became sheer
love for this new career path -
especially as I came to know
the people of Elizabeth.
Sir, I never once expected
fame or fortune when I entered
politics. Service to country was
not new to me. In earlier years,
I had served in the capacity of
a prosecutor in the Attorney
General's Office for four years;
as an acting magistrate on sev-
eral occasions; I served as the
first president of the newly
established Bahamas Industri-
al Tribunal for two years; and
as a justice of the Supreme
Court for a year - all at no sig-
nificant remuneration.
I should add, sir, that before
I left the Supreme Court bench
I was invited to become a per-
manent judge and could have
been a judge years ago had I
wished. But I declined and
returned to my own law cham-
bers.
So to trivialise this matter by
saying that this is about my not
having been given a Cabinet
seat is frightening, because it
shows a mentality that is total-
ly out of touch with reality. The
Cabinet was chosen in 2002.
This is now 2010 - why would I
stay for seven and a half years
afterwards if in fact I was
"puffed up" over not being in
Mr Christie's Cabinet.
Mr Speaker, the Elizabeth
Constituency has some 4,000
constituents. Since the 2007
election , I have spoken to
many of my supporters in Eliz-
abeth indicating to them the
possibility of my departure
from the political arena
depending on the direction in
which my party chose to go.
Over the past few days Mr
Speaker, the noise in the mar-
ket has become quite vocifer-
ous. But, sir, I invite those who
are not a part of the great con-
stituency which I have been
privileged to represent, not to


I TROP: ,,ICAL


MALCOLM ADDERLEY speaks to the media outside of the House of


Assembly yesterday.

mind the noise in the market.
You see, we in Elizabeth
know what time it is. That
noise is not coming from the
decent people of Elizabeth.
The noise is coming from the
same direction that it came
from prior to my nomination
in 2007.
The people of Elizabeth are
intelligent, decent, independent
minded and have been calling
me to tell me what they have
been telling me since 2007 -
we support you whatever you
do.
Mr Speaker, ever since my
election to this honourable
House in 2002, my relationship
with the leadership of my par-
ty has been strained. Seven and
a half years later that relation-
ship has worsened. From then
to now has been the worst per-
sonal experience that my fam-
ily and I have ever faced. I took
the insults, the disrespect, the
negative gossip, the careful and
calculated undermining that
has been the hallmark of my
political journey.
But through it all I took the
blows, never flinching, never
allowing it to make me lose my
focus of what my responsibili-
ties were to the people of Eliz-
abeth. The interesting thing,
sir, is that is that none of this
came from the good people of
Elizabeth. In fact, it came from
those outside Elizabeth, who
obviously feared anyone who
could think and had an inde-
pendent view - and most of all,
refused to be led by medioc-
rity.
In fact, sir, if it were not for
the support and encourage-
ment of the good people of
Elizabeth, I would have suc-
cumbed long ago to the vicious
politics and hatred that was
hatched by those wretched
beings outside the boundary of
the great constituency of Eliz-
abeth by those whom one
would least expect to do so.
But the history of my politi-
cal journey is well documented
in the account I gave during
my first speech in this House,
after the 2007 election, of the
journey of the famous dingy


boat "Elizabeth". And so, Mr
Speaker, I need not relate it
once again.
Mr Speaker, I have tried my
best to serve the good people
of Elizabeth. We had good and
bad times together. During the
years 2002 to 2007 I sought but
could not obtain the much
needed assistance for the peo-
ple of Elizabeth; nor could I
provide the much needed infra-
structure. Nevertheless, Eliza-
beth supported me. I am happy
that between 2007 and 2009 as
a result of the contribution of
the government members of
parliament, I have been able
to refurbish two existing parks
and construct four new parks
for the people of Elizabeth -
so that families can take their
children for recreational activ-
ities at their leisure. I am happy
that Elizabeth Estates park has
had additional construction
recently added with the addi-
tion of a walking track, a soft-
ball diamond and a brand new
modern toilet facility for men
and women.
I am indeed pleased that I
was able to donate to the Eliz-
abeth Children's Home beau-
tiful furniture to add to the
comfort of the children and the
staff in the home and also to
the Thelma Gibson Primary
School two state-of-the-art eno-
active boards that will go a long
way to promote and assist the
advancement of the learning
process of the dear children of
the school.
Even as I speak, a computer
lab is being established for the
children of Elizabeth as a result
of the contribution of the gov-
ernment made to each con-
stituency.
Mr Speaker, during my
tenure in this House, I have
come to love the years of door-
to-door campaigning, the greet-
ings and discussions with the
beautiful people of Elizabeth
- I shall surely miss this won-
derful and rewarding experi-
ence.
The people of Elizabeth over
the years have shown me the
warmth and love that is crucial
for survival in the type of poli-


tics that I had to deal with from
those who wished me ill.
I can attest to this by draw-
ing your attention to the events
leading up to the 2007 election.
Mr Speaker, if one ever
doubted that there is a God
above...I can testify that there is
- I am living example of this
- and God is good. Whom
God bless, no man can curse.
In the 2007 general election -
despite what has been said I
was fighting two formidable
giants.
Not only did I have to deal
with the formidable, well
organised, well-equipped polit-
ical genius of the then opposi-
tion leader...regardless to what
you have heard and will hear in
the future, I was exposed to the
forces of my own party.
The only thing I had was my
personal ambition and a deter-
mination to conquer both
forces - and like the Biblical
shepherd boy David - the
Almighty God stood by my
side and gave me victory.
Praise be to God!
Mr Speaker, despite all of
this I took it like a man - nev-
er wavering, but kept my focus.
I must confess however, sir,
that it has not been easy. It has
been even more difficult for
my family. And as they say,
sir...enough is enough!
Mr Speaker, immediately
after the recent election, I met
with my family and close polit-
ical friends. Together, it was
agreed that I should allow time
to pass to see whether there
would be any improvement in
my relationship with the lead-
ership. It was felt that after a
two year period of mid-term
would be a reasonable point to
assess my political future. It
would be a good time for me to
know the position and notify
the people of Elizabeth
whether I would be seeking a
third term in office.
Mr Speaker, the decision I
make today, no doubt, is one of
the most difficult decisions that
I have ever made. The fact of
the matter, sir, is that my love
for politics does not matter. It
is not about me. In life, we are
mere vehicles that God some-
times uses to achieve worth-
while objectives.
What is important - is that
the people of Elizabeth deserve
better...much better. I decided
that this constant and perpetu-
al undermining of the duly
elected Member of Parliament
in total disregard and blatant
disrespect of the will of the
people of Elizabeth....this con-
trived and calculated creation
of confusion in Elizabeth had
to stop and that the time to
address them is now.
Mr Speaker, which other
constituency held by the official
opposition after the 2007 elec-
tion other than Kennedy and
Elizabeth were there persons
being actively encouraged to
campaign against us with a
view to becoming the parties
candidate in the 2012 election,
brazenly knocking on doors,
even dispensing T-shirts, gro-
ceries, even handing out Moth-
er's Day gifts and cards, indi-
cating to constituents that they
were the party's choice for
2012.
Mr Speaker, we are now in
mid-term. I am on time. I have
reviewed the period from May
2007 to December 2009...a peri-
od of two and a half years.
Nothing has changed. In fact, it
has worsened. The point is, sir,
that there is still too many
issues that separate the lead-
ership of the party and I.
The record will show that my
future as a member of the Pro-
gressive Liberal Party has
always been dim. Time would


not have allowed me to believe
that there would have been a
new day...a change of attitudes,
a change of good will for all
concerned.
I simply cannot bury my
head in the sand, like the
proverbial ostrich and pretend
that all is well. The people of
Elizabeth need as their repre-
sentative, someone who has the
full support of the party which
he represents.
The leadership of the party
at its recent convention was
given an almost unanimous
vote of confidence by the mem-
bership...I know what it is like
to be subject to that leadership.
I have had it for seven and a
half years. I have always
expressed my deep concern
about the lack of vision of the
leadership and that has not
changed. The reality is, sir, that
the people have spoken and I
have to respect their voice.
Accordingly, sir, it has been
said that when a member of an
organisation finds that he can-
not support its leadership -
then the honourable thing for
that member to do is resign.
So, after many months, days
and nights of painful delibera-
tions, I found that I had no oth-
er choice than to tender my
official resignation to the chair-
man of the party effective Jan-
uary 1st, 2010.
The Progressive Liberal Par-
ty is a party that has the dis-
tinction of being built by the
blood, sweat and tears of hard-
working men and women of
humble beginnings but proud
of their commitment to uplift
the well-being and standard of
the people.
Men and women like my late
parents, Malcolm Adderley, Sr
and Elaine Adderley, like so
many of their era, played a sig-
nificant role in bringing the
Progressive Liberal Party to its
zenith and made it the most
powerful force in our great
Bahamaland. Regrettably, if
they were alive today their
hearts and souls would ache to
see the state of the party today
as a result of the venom and ill
will that is displayed almost on
a daily basis on any member
who tries to correct its ills.
Mr Speaker, as I said before,
politics is not about one indi-
vidual. It is about what is in the
best interest of the people that
we serve. As a result, there is
no benefit to the people of
Elizabeth for me to sit in this
house as the independent
member for Elizabeth.
Mr Speaker, issues have
been raised as to my loyalty
because of the position I have
taken. In order to remove all
doubts as to who the won-
derful people of Elizabeth
want to represent them...I1
have decided to remove
myself from the political
stage and allow the people of
Elizabeth in their wisdom to
decide who they would wish
to be their spokesman.
And so, sir, with the great-
est respect and humility, I
hearby tender my resignation
to this honourable house as
the Member of Parliament
for the Elizabeth constituen-
cy effective at 5.30pm today.
Mr Speaker, I thank the
officers and members of the
Progressive Liberal Party for
having allowed me to carry
the banner of the party in the
last two general elections.
I thank the staff of the
Honourable House for their
support, goodwill and profes-
sionalism displayed towards
me during my tenure as the
Member of Parliament.
I thank all of my colleagues
in this Honourable House
and wish you well in your


future endeavours. Let me
assure each and every one of
you that I hold no animosity
whatsoever.
To all those beautiful, loy-
al, decent, loving people of
the great constituency of Eliz-
abeth - who despite all -
has shown me love and sup-
ported me through thick and
thin, especially Marsha Curry,
Cynthia Cox, Verona Wood-
side, Elizabeth Collie, Lilly-
mae Thompson, John "Com-
mander" Higgs, Annamae
Forbes, Mrs Cash, Cindy
Moss, Keisha Rodgers, Sid-
ney Strachan and many many
more. I extended my heart-
felt thanks and will forever
be indebted to you. You
stood by me through all the
storms and sheltered me from
harm. I love you all and may
God continue to bless you.
To William "Bill" Wallace
who played an integral role
in my election of 2002; to
Donna Smith, who unselfish-
ly joined our historical team
in my election of 2007 and
played an integral part in it, I
extend my sincere gratitude.
To Calvin Davis, who from
the election of 2002 to now,
has stood by my side -
whose support I find impos-
sible to quantify, I express my
eternal gratitude.
Mr Prime Minister! My
gratitude to you, sir! for your
statesmanship in rising above
petty politics in allowing me
to continue to serve the peo-
ple of the Bahamas as Chair-
man of the Gaming Board
under your watch for the past
two and a half years. This is a
position I thoroughly enjoyed
as it allowed me to serve the
Bahamian people in a small,
but meaningful way.
To my fellow directors, the
officers and employees of the
gaming board, I thank you for
your support, it has been tru-
ly a worthwhile experience.
To my wife, Daphne, and
our five children (who are
present in the House today)
- Eamon, Engedi, Evan,
Misty and Mia - you are my
strength, my inspiration and
my gift from God - I love
you all.
Finally, Mr Speaker!
As I leave these hon-
ourable chambers I am
pleased to see that the land-
scape of Bahamian politics is
changing. For I am happy to
say - for the better.
The young people of Eliza-
beth and other constituencies
can no longer be persuaded
by bully tactics and ghetto
politics. Sir, they demand and
deserve better Mr Speaker.
A new day is dawning for the
wonderful people of the
Bahamas. One in which the
guideline is integrity and hon-
esty.
I pray, Mr Speaker, that
God will give me the strength
and the wisdom to continue
to serve the people of the
Bahamas in any other capac-
ity with integrity and charac-
ter as I have tried to serve
the wonderful people of Eliz-
abeth - as their duly elected
Member of Parliament for
the past seven and a half
years.
May God Bless you all.
May God Bless this Hon-
ourable House
And May God Bless the
people of The Common-
wealth of the Bahamas.
Thank you and God
speed."



Malcolm E Adderley, Jr
Resignation address
January 6, 2010.


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TODSCUS STOIS ON THI PAGE LOG ONT W.RIUE4.O







+


THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 3


Perry Christie denies



undermining character



of Malcolm Adderley


By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
PLP leader Perry Christie
yesterday refuted accusations
that he undermined or
attacked the character of Mal-
colm Adderley, saying his
behaviour towards the former
MP was characterized by
"extreme patience, extreme
tolerance and sympathetic
understanding."
Mr Christie claimed that he
and the PLP as a whole exer-
cised "forbearance" towards
Mr Adderley even as the MP
for Elizabeth - who spoke in
parliament yesterday to
announce his resignation from
politics after resigning from
the PLP over the weekend -
displayed "what the country
regarded as an attitude of
indifference" towards his fel-
low PLPs.

Nomination
He spoke of how he per-
sonally supported Mr Adder-
ley as he sought a nomination
in the 2007 general election,
to the extent of investing "per-
sonal resources" in his candi-
dacy.
"It would be disingenuous
for me to state that I am not
disappointed by this course of
action now taken by the MP
for Elizabeth.
"It would be more than
disingenuous of me if I were
to profess not to be disap-
pointed in the manner in
which the course of action
unfolded, not only today but
in the days and weeks that
preceded today.
"But what must be
absolutely clear is that the MP
for Elizabeth is his own man
and he must order himself in
the way he feels he should,"
Mr Christie told parliament.
The PLP leader's defensive
comments came as he faced
the second round of accusa-
tions in a year - the first com-
ing from Kennedy MP Keny-
atta Gibson, who quit the PLP
and joined the FNM in 2009 -
that he has "viciously" belit-
tled one of his own MPs,
undermining their position as
a representative.
Days after resigning from
the PLP, Mr Adderley rea-
soned in parliament yesterday
that his "difficult decision" to
quit politics altogether was
informed by his belief that the
constituents of Elizabeth
"deserve better" than an MP
who cannot properly repre-
sent them because he has
been undermined by a lack of
support from his party's lead-
ership.
The ex-MP, whose resigna-
tion took effect yesterday at
5.30pm, said he and his family
suffered the "worst personal
experience (they had) ever
faced" during the seven and
a half years he was an MP as
his relationship with Mr
Christie went from bad to
worse.
He claimed he suffered
"vicious politics and hatred"
from those " i'. i'!I. I beings
outside the boundary" of his


constituency and was unable
to do what he would have
liked for his constituents dur-
ing Mr Christie's tenure as
prime minister.
As with Kenyatta Gibson
when he quit the PLP in 2008,
Mr Adderley revealed long-
standing concerns about Mr
Christie's ability to lead and
suggested that the PLP leader
had engaged in behind-the-
scenes tactics against those
with whom he had disagree-
ments.
Responding to Mr Adder-
ley, Mr Christie instead paint-
ed a picture of an MP who
had lost interest in his party
and constituents and whose
decision to leave politics had
more to do with his own polit-
ical deal-making than consid-
eration of the best interests of
his constituents.
It has been rumored but not
confirmed that Mr Adderley is
in short order due to accept
an appointment, on the rec-
ommendation of Prime Min-
ister Hubert Ingraham, as a
Supreme Court judge and he







IRi ?_ 1 ",


has been accused of being
embittered by Mr Christie's
failure to give him a Cabinet
post during the previous PLP
administration.
Mr Christie said: "The truth
is we all know that this is not
the end of the story and
indeed the proverbial penny
hasn't yet dropped.

Drama
"We wait to see those acts
in the drama that has already
been scripted but not yet
played out.
"There is more to this than
meets the eye. We all stand
alert pending a major
announcement yet to come."
The PLP leader said that in
the wake of Mr Adderley's
resignation, which leaves Eliz-
abeth without a representa-
tive, the party will be carry-
ing out consultations both
with the people in that area


and "the relevant (party)
councils" to determine the
way forward.
Some political insiders have
suggested that the party may
not see it as worthwhile to
field a candidate in the by-
election that will now result
from Mr Adderley's depar-
ture given the hefty cost of
doing so and the possibility


they may lose the seat any-
way.
Mr Christie added: "I can
assure the nation that we are
in no way deterred by the


events that have unfolded. We
will not be deflected from our
work which . . . has always
been for the betterment of the
Bahamian people."


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PAGE 4, THURSDAY, JANUARY 7, 2010


THE TRIBUNE


EDITO RIA U LETTER S TO THE EDITOR6I


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

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


Malcolm Adderley bows out - free at last


YESTERDAY, after seven and a half
long years of being buffeted by a cruel polit-
ical storm, the leaking little dingy, mv SS
Elizabeth dropped anchor, and her disillu-
sioned captain stepped ashore - a beaten,
but a free man at last.
In July, 2007 Elizabeth MP Malcolm
Adderley - through a story about a leaking
little dingy - shared with Bahamians how
his party had shunned him, even threw up
road blocks to engineer his defeat as the
PLP candidate for Elizabeth in the May elec-
tion of that year.
"This dingy," Mr Adderley told the
House of Assembly two months after his
election victory, "had holes from front to
back. It had no sail; it had no motor; it did
not even have a rudder, but, far away from
Elizabeth I was lost at sea. At the time the
sea was raging, the waves were blowing and
there were those on the shore who were
anxiously awaiting with baited breath to see
the motor vessel SS Elizabeth sink. Despite
the tremendous courage of the crew on the
mv Elizabeth, there were times when they
became discouraged because of the cries of
those from Elizabeth. But those who stood
on the shore looking from without ... Yes,
sir, it was not an easy voyage."
At the time when reporters were trying to
interview Mr Adderley to find out his polit-
ical future, we predicted that this was his
farewell speech and that it would only be a
matter of time before he, like the late Cecil
Wallace Whitfield and the Dissident Eight
many years before, would be breathing a
sigh of relief. "Free at last, my soul is free at
last!" were the departing words of Sir Cecil
as he walked out of the House and the Cab-
inet of former Prime Minister Sir Lynden
Pindling.
Mr Adderley recalled the early days of
the PLP, a party, he said, that had the "dis-
tinction of being built by the blood, sweat
and tears of hardworking men and women of
humble beginnings, but proud of their com-
mitment to uplift the well being and standard
of the people."
It was a party that had a dream. It was a
dream that, despite what our detractors will
say today, even The Tribune believed in and
supported. But the party lost its way. It was-
n't long before it espoused the dream of one
man - and it was more than one dared to
suggest that there might be another way,
another dream.
As Mr Adderley told the House yesterday
the souls of those who had sacrificed so
much to build their party would ache as a
"result of the venom and ill will that is dis-
played almost on a daily basis on any mem-
ber who tries to correct its ills."
Gutter politics had entered the arena.
Victimisation was the party's battle cry dur-
ing the Pindling era; vicious character assas-
sination was the way to eliminate an adver-


"God's promises are
forever sure:'
SUNDAY SIRC#S
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PASTOR EAIE FRANCIS J.R1DD.
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7
OF THE BAHAMAS
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393-0157
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sary. Party members were even expected to
compromise their consciences for "the
Chief." The late Carlton Francis, who had
contributed so much to his party and his
leader, discovered in his dying days how it
felt to be mocked and thrown on the politi-
cal pyre because there came a day when he
decided to follow his conscience and not his
leader. Who will ever forget the night that Sir
Lynden, speaking from a public platform,
spotted the dying man, pointed him out to
the crowd and scoffed that there went a
three-piece suit, but all he could see was
suit. It was true that on Mr Francis' shrunk-
en frame all one could see was a baggy suit,
but what cruelty, especially from a nation's
leader. That was the depth to which the par-
ty had fallen - under Pindling there were
many "nights of the long swords" and scrap-
ping in the gutter.
In 2002 Mr Perry Christie won a one term
election on the promise that he was leading
the "New PLP." It wasn't long before it was
realized that the style of execution might
have been different, but the same bitter,
viciousness was being conducted in the open.
While Mr Adderley maintained a dignified
silence, the party's hatchetmen were about
their dirty work - in the words of Mr
Adderley - constantly and perpetually
"undermining the duly elected Member of
Parliament in total disregard and blatant
disrespect of the will of the people of Eliza-
beth."
His greatest anger was levelled at the
party's leader who apparently did nothing to
discourage those who were actively cam-
paigning to unseat him in his Elizabeth con-
stituency - "brazenly knocking on doors,
even dispensing T-shirts, groceries, even
handing out Mother's Day gifts and cards,
indicating to constituents that they were the
party's choice for 2012."
If Mr Christie expected Mr Adderley to
remain a loyal party supporter - as he
claimed he did- then he should have taken
note when Mr Adderley in 2007 ran up the
red flag on the SS Elizabeth informing him
that there were dangerous shoals ahead
threatening to wreck both of them. Mr
Christie, true to form, chose to ignore the
warning, obviously waiting for time to heal
all and relieve him of the bother. It is always
amazing when the inevitable happens, Mr
Christie innocently rolls his eyes and appears
to be taken by surprise.
Mr Adderley has stepped aside for the
sake of his people in Elizabeth, who he
acknowledged needed a representative who
had the full support of the party he repre-
sented. Mr Adderley did not have that sup-
port.
This weekend Mr Christie and his party
will have to look at the collective damage
they have wrought and decide what road
they will take into the future.


2010 should





be extremely


EDITOR


inti

R, The Tribune.


Well many have to see and
wonder whether all the pre-
dictions of Copenhagen Cli-
mate Conference made any
sense as since the conference
concluded certainly the
weather across the Canada
and the US and in Asia has
never been so cold and have
those areas had so much
snow.
Have the climate experts
got it right or are they talking
rubbish?
Cuba - the announcement
from the TSA, indirectly the
Obama White House, of the
inclusion of Cuba, named in
the list of those countries or
destinations from where any
traveller heading to the US
must receive the highest
scrutiny, if not rejection seals
at least, till the first terms of
the Obama Administration
that the strict travel restric-
tions on US citizens to freely

Carl Bethel is in

an elite group
EDITOR, The Tribune.
I would not beat this horse
too long; I just want to state an
inescapable truth. There was
an attempt by the PLP to dis-
credit Carl Bethel on his resig-
nation from the Ministry of
Education. Then afterwards,
they began immediately saliva-
tion like wild dogs whose eyes
have been locked on its fright-
ened victim. They claimed he
was fired. They, in their lack of
wisdom and memory set out to
score some cheap political
brownie points. It is astonishing
how supposedly intelligent
men, could, in their wildest
imagination expect to gain any
advantage from this.
History should have shown
them that Perry Gladstone
Christie and Hubert Alexander
Ingraham were fired from the
Pindling cabinet. If memory
serves me right, both gentle-
men went on to become Prime
Minister of the Bahamas. I do
not know if Mr Bethel has any
aspirations to become prime
minister but he is in an elite
group, if all things are consid-
ered.
Now I am positive that there
is no one in the PLP who is
shallow enough to dispute what
in fact did happen, but I would
not be surprised, stranger things
have been happening recently.
IVOINE W
INGRAHAM
Nassau,
December, 2009.


KINGSWAY ACADEMY
ENTRANCE EXAMINATION FOR
SEPTEMBER, 2009.


The Entrance


Examination will


held at the school on Bernard Road

on Saturday, January 16, 2010 at

8:00 a.m. for students wishing to enter

grades 7, 8, 9, or 10. Deadline for

applications is Monday, January 11.

Applications can be collected at the

Business Office or at the High School.


Contact the school at Telephone numbers
324-8811, 324-6269 or 324-6887 for
further information.

HERE'S YOUR CHANCE TO UNLOCK A WORLD
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resting

constitution as an individual
nominates, as an individual if
elected throws his/her support
U behind one person who
becomes PM not on political
allegiance but as an elected
travel to Cuba will not be MP.
relaxed. Certainly we need parlia-
Bahamas take a sigh of mentary election reform
relief again. urgently included in that
MP Malcolm Adderley should be provisions to recall
indicates that he now wishes their MP.
to be an Independent MP - 2010 looks as if it certainly
a~ain we see this plav out will be interesting.


where certainly it raises the
question that it would seem
to be totally contradictory
when a person offers them-
selves under the banner of
party 'a' or 'b' then shows
support to a particular MP
who obtains the largest sup-
port and becomes constitu-
tionally the Prime Minister
and likewise the process
where the MP who becomes
the leader of the opposition.
There is a contradiction in the


W THOMPSON
Nassau,
January 4, 2010.
(This will not be necessary
in the Malcolm Adderley case
as Mr Adderley has not
changed sides, he has just left
the political arena. It is now
up to his former constituents
in a by-election to say
whether they want to contin-
ue with PLP representation
or whether they will opt to go
FNM. - Ed).


EDITOR, The Tribune.

As discussions commence globally in connection with
heightened airport security and enhanced passenger
screening, I want the government department responsi-
ble for aviation and airport security to make a distinct
separation in who is allowed to pat down whom.
Let me clarify, unless the process/policy has changed at
our airport, males are allowed to pat down females. I
strongly suggest that there is a same sex pat down that
will be strictly adhered to.
This should help to eliminate any inappropriate con-
tact/touching by the airport security unless of course the
person in question is an unprofessional gay/lesbian who
relishes the thought of touching a complete stranger.
This is equally applicable for the random checking/screen-
ing of minors.
I do not think any parent will like to see a strange
male patting down their underage daughters.
Sadly we live in a world of fanatics and certain steps
must be taken to preserve the security of all passengers.
I welcome the thought that the extra screening will deter
criminals from terrorist activities on the planes. Howev-
er, we must not become over zealous in our efforts to the
point where the rights of an innocent person/child are
permitted to be violated by sick/perverted security per-
sonnel.

A CONCERNED
CITIZEN
Nassau,
December, 2009.


+u


NOTICE



Mohs Surgery in Nassau


DR. JOHN STRASSWIMMER, MOHS SURGEON
will be visiting The Skin Centre on Friday
January 15th, 2010. Dr Strasswimmer
trained at Harvard and Yale and is Board
Certified and a Fellow of the Mohs College.

Mohs Micrographic Surgery is an advanced
treatment process for skin cancer which is now
offered at The Skin Centre. It offers the highest
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For more information, please contact:
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,-ImIVI I I tu






+


THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 5


NDP calls for reform to limit a



PM's chances of power abuse


THE National Develop-
ment Party is calling for con-
stitution reform that would
limit a prime minister's
chances of abusing his power.
The party charged that the
country's political system is
"broken" because it is ruled
by a constitution that "offers
very little in the way of checks
and balances on the vast pow-
ers of the Prime Minister."
The NDP argued that
under the country's current
system of governance, the
position of prime minister
does not facilitate democra-
cy, but "is rigged to produce
dictatorship."
Said the NDP: "Our con-
stitution is extremely vulnera-
ble to abuse, since it is our
constitution that permits the
prime minister to virtually act
alone in selecting the chief jus-
tice and two of the other sit-
ting members on the five-
member Judicial and Legal
Services Commission - the
statutory body responsible for
deciding who becomes a judge
of the Supreme Court.
"It is the prime minister
that has constitutional author-
ity to decide whether a sitting
Supreme Court judge will be
allowed to receive a two year
extension beyond the manda-
tory retirement age of 65; and
it is the Prime Minister who
decides when an election is
called.
"Such examples of power
effectively give the prime min-
ister control of all three


THE NDP'S Dr. Andre Rollins addresses the media on the steps of the
House of Assembly yesterday.


branches of our government
- the Executive, the Legisla-
tive and the Judiciary - to
unfairly stack the deck in his
favour."
The party's comments
came on the same day that
former Elizabeth MP Mal-
colm Adderley resigned his
seat in Parliament and days
after he quit the PLP. It is
speculated that the politician
was wooed by Government to
give up his seat in exchange
for a position as a Supreme
Court judge.
The NDP is calling on the
Ingraham administration to
cease games of "political pok-


er" and honour a 2007 cam-
paign promise to institute
local government in New
Providence.
The party believes that can-
didates from the two major
political parties should be cho-
sen through voter primaries,
instead of being selected
through an internal party
process. The NDP thinks
allowing constituents to
choose nominees will help to
fix the country's "broken"
political system.


IN TUESDAY'S EDITION of The Tribune under the head-
line 'PLP by-election would be indicator of party's strength and
support' it was reported that former PLP Senator Philip Gala-
nis is an attorney.
The Tribune would like to clarify that Mr Galanis is not a
lawyer but managing partner of HLB Galanis Bain which pro-
vides chartered accounting, forensic and litigation support ser-
vices.


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PAGE 6, THURSDAY, JANUARY 7, 2010


THE TRIBUNE


LOCAL NEWS I


FROM page one 'It's the worst personal experience I have faced'
growth of any constituency,"


said the MP.
Mr Adderley served as the
MP for Elizabeth since the
2002 general election, when
the Christie-led PLP won
power.
He was appointed Chair-
man of the Gaming Board


Private Banking


by then Prime Minister Per-
ry Christie in 2005 after the
resignation of Kenyatta Gib-
son from the post, but in a
move which caused some to
begin questioning his loyalty
to the party of which he was


t? PICTET
IO45


a member, remained on at
the behest of Hubert Ingra-
ham when the FNM were
elected in 2007.
Becoming only the second
MP in almost 13 years to
resign as an MP - the last


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being Sir Lynden Pindling
when he retired in 1997 -
Mr Adderley's withdrawal
from the political arena
means a by-election will now
be required in the Elizabeth
constituency in February.
In the meantime, it is
rumoured that Mr Adderley
is set to be appointed as a
Supreme Court judge by
Prime Minister Ingraham in
short order. He has previ-
ously worked as a public
prosecutor, acting magistrate
and a supreme court judge
for one year.
Addressing accusations
that he was disappointed at
not being given a high profile
appointment by Mr Christie,
Mr Adderley said that "nev-
er once were fame and for-
tune" his goals upon entering
politics.
Instead, he claimed he
chose to quit after conclud-
ing that this "constant and
perpetual undermining of the
duly elected Member of Par-
liament in total disregard
and blatant disrespect of the
will of the people of Eliza-
beth ... that this contrived
and calculated creation of
confusion in Elizabeth had
to stop."
Outlining the strained rela-
tionship between himself and
his party's leadership, Mr
Adderley said he was only
put in a position to make
infrastructural improvements
in the constituency once
Prime Minister Hubert


Ingraham won power in 2007
after finding his plans scut-
tled under Mr Christie's
tenure and noted his discov-
ery that there were people
actively campaigning under
the PLP banner in his con-
stituency even as he
remained the sitting MP.
"They were brazenly
knocking on doors, even dis-
pensing t-shirts, groceries,
handing out mother's day
gifts and cards, indicating to
constituents that they were
the (PLP) party's choice for
2012," said the MP.
Mr Adderley said his deci-
sion to leave the political
arena did not come on a
whim, but at a time pre-
determined following dis-
cussions which began around
the time of the 2007 general
election with family, friends
and the people of Elizabeth.
At that time, they decid-
ed that he would wait until
mid-term to see if there was
"any improvement in my
relationship with the (PLP)
leadership" before deciding
whether to remain in poli-
tics, he said.
Given that there was none,
and in the meantime, the
membership of the party
returned Mr Christie as
leader "almost unanimous-
ly" at the PLP convention in
November 2009 even as the
MP continued to harbour
"deep concern about the lack
of vision of the leadership",
Mr Adderley said the hon-


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ourable thing for him to do
was resign.
Highlighting the alleged
extent to which he and Mr
Christie were at odds
throughout his career in pol-
itics - a career which he
admitted entering "reluc-
tantly" before coming to feel
"sheer love" for the job as a
result of his interactions with
his constituents -Mr Adder-
ley said he was not only fac-
ing opposition from the
FNM as he ran for a second
term in Elizabeth in 2007 but
from "the forces of my own
party."
"The only thing I had was
my personal ambition and a
determination to conquer
both forces - and like the
biblical shepherd boy, David
- the almighty God stood
by my side and gave me vic-
tory. Praise be to God!" said
Mr Adderley.
He said he had been told
by his constituents that they
support him "whatever (he)
does" and that were it not
for the encouragement they
had given him throughout his
tenure as their representa-
tive he would likely have
"",ii\lilli,,,.,l long ago to the
vicious politics and hatred
that was hatched by those
wretched beings outside the
boundary of the great con-
stituency of Elizabeth by
those whom one would least
expect to do so."
Mr Adderley paid tribute
to the PLP as a party which
"has the distinction of being
built on the blood, sweat and
tears of hardworking men
and women ... proud of their
commitment to uplift the
well being and standard of
the people."
However, he asserted that
those same men and women,
like his mother and father,
would have their "hearts and
souls ache to see the state of
the party today as a result of
the venom and ill will that is
displayed on an almost daily
basis on any member who
tries to correct its ills."
He thanked his family,
friends, political supporters,
constituents and the staff at
the Gaming Board.
In a parting shot, Mr
Adderley said that as he pre-
pares to leave the lower
chamber he is "pleased to
see that the landscape of
Bahamian politics is chang-
ing for the better."
"The young people of
Elizabeth and other con-
stituencies can no longer be
persuaded by bully tactics
and ghetto politics. They
demand and deserve better.
A new day is dawning for the
wonderful people of The
Bahamas. One in which the
guideline is integrity and
honesty."


I *; � M






+


THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 7


Bradley Roberts: I won't




be running for by-election


By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
CHAIRMAN of the Pro-
gressive Liberal Party Bradley
Roberts laughed off reports
that he would throw his hat
into a by-election race for the
vacant Elizabeth seat left by
former PLP Malcolm Adder-
ley.
He also called on Prime
Minister Hubert Ingraham to
call a general election instead
of "squandering" public mon-
ey on a by-election.
Speaking to The Tribune
yesterday, Mr Roberts said he
was "tickled" by the idea of
running, which he admitted
some supporters have
approached him about - but
claimed there was no merit to
reports reaching The Tribune
that he will be the PLP's can-
didate in the looming by-elec-
tion.
"Some people have
advanced that idea but I have
no interest. I've been there
and I've done that," he said,
laughing.
His comments came the
same day Mr Adderley -
who was voted in by Eliza-
beth constituents for two
consecutive terms on the
PLP ticket - officially
resigned from the House yes-
terday, just days after quit-
ting the opposition.
It is a move that the chair-
man sees as a "betrayal" of
the people of the Elizabeth
constituency.
This means a by-election in
the area is imminent, howev-
er it is still unknown if the
cash-strapped PLP will offer a
candidate.
Mr Roberts refused to com-
ment on speculation that it
would be beneficial for the


i' Mr s


PLP to enter a candidate
using minimal financial
resources, in order to test vot-
er support.
He would only say that the
nation would know "by Mon-
day" what the PLP's plans
are.
Asked if a candidate had
been selected, Mr Roberts
said that a decision would be
made when the party's
National General Council
meets in the coming days.
"We got to go through the


process - the PLP is not like
the FNM you know, it doesn't
have one man who runs
everything," he said.
"What I want Mr Ingraham
to do is call the general elec-
tions; that's what I want to
him to do instead of wasting
money that the government
said it doesn't have".
So far, attorneys Ryan Pin-
der, Craig Butler and Ken
Dorsett have expressed inter-
est in representing the PLP in
the Elizabeth area.


Shop & Warehouse
Harboir Ba SUlging Contor
serious inquires e-mail:
hbshop4rent@gmail.com


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January'7th, 2010


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


ANNOUNCEMENT


Mrs. Kelphene Cunningham LL.B Hons. (Lond.) LL.M
(Lond) Postgraduate Dip. Postgraduate Cert. (Lond.)
MCIArb (Lond.), former Vice-President of the Industrial
Tribunal of The Bahamas announces the opening of
her Law Chambers

KELPHENE CUNNINGHAM & COMPANY

Barrister
Counsel and Attorneys-At-Law
Corporate and General Legal Services, Arbitration,
International Dispute
Resolution and Alternative Dispute Resolution
Notaries Public

328 Bay Street
P.O. Box N 12
Nassau, The Bahamas

Tel: (242) 322-9414-6
Fax: (242) 322-9417

Website: cunninghamlawchambers.com
Email: kcunningham@cunninghamlawchambers.com







+


PAGE 8, THURSDAY, JANUARY 7, 2010


THE TRIBUNE


Fitzgerald fires fresh broadside at Laing


PLP Senator questions Minister's political fitness


THE political row between
PLP Senator Jerome Fitzger-
ald and FNM Minister of State
Zhivargo Laing continued yes-
terday with Mr Fitzgerald ques-
tioning whether Minister Laing
is a fit and proper person to
occupy the position he current-
ly holds.
In a statement issued to


members of the media yester-
day, Mr Fitzgerald said it is now
obvious that Minister Laing and
the government have missed
the message and point of Stan-
dard and Poor's downgrading
of the Bahamas' sovereign rat-
ing.
Earlier this week, Senator
Fitzgerald suggested that the


Bahamas' recent downgrading
by Standard and Poor's could
herald an oncoming fall in the
value of the Bahamian dollar
that would see it "unpegged"
from its US counterpart.
This criticism, however, was
met with a sharp rebuttal from
Minister Laing who called Mr
Fitzgerald's remarks "non-
sense."

Constructive
Yesterday, Mr Fitzgerald
said that his criticism of the
government's borrowing has
been reasonable and construc-
tive considering the state of the
Financial Services Industry over
the past two and a half years.
However Mr Laing, he said,
lashed out questioning the lev-
el of government borrowing
under the PLP between 2002
and 2007, describing it at more
than $866 million.
Mr Fitzgerald said, however,
that he thought he had laid this
"outright misstatement" to rest
during his contribution in the
Senate on the Budget debate
in June 2008.
"The facts can be found by a
simple review of the Central
Bank reports which disclose
that at the end of June 2002 the
national debt stood at $2.224
billion and at the end of June
2007 the national debt stood at


$2.889 billion which clearly
shows an increase of $665 mil-
lion, but this fails to take into
account that in June 2002 when
the PLP came to office, the
financial state of the treasury
was so poor that the PLP was
immediately forced to borrow
$125 million to pay off the $100
million overdraft at the Royal
Bank of Canada and $25 mil-
lion of other payables. When
the $125 million is subtracted
from the $665 million, the PLP
can only be held responsible
for $540 million of debt
between 2002 and 2007. Those
are the indisputable facts," he
said.
With this in mind, Mr
Fitzgerald invited Minister
Laing to read carefully the rea-
sons why the sovereign rating of
the Bahamas was downgraded
by Standard and Poor's and
their admonition of the gov-
ernment to "get its act togeth-
er."
"They said: 'It's debt and
deficits have increased and the
composition of its debt has
weakened somewhat... against
a drop in the Bahamas' already
narrow revenue base.' The
report concluded by saying that:
'The ratings could come under
downward pressure if the
Bahamas' fiscal deterioration
persists and the economic base
erodes more severely. Con-
versely the ratings could


improve following a more
proactive government policy
response to reduce debt lev-
els'," he said.
Senator Fitzgerald added
that the fact still remains that
the foreign currency portion of
the Bahamas' national debt has
almost tripled from $430 mil-
lion in 2007 to $1.1 billion at
the end of 2009.

Poignant
"It was against the recent
poignant observations made by
Standard and Poor's and my
comments made in June 2008
during my contribution in the
Senate, that I am again plead-
ing with the FNM government
on behalf of the Bahamian peo-
ple to take what I say seriously
and listen carefully to the warn-
ing given by Standard and
Poor's. We are on a slippery
slope indeed.
"I again invite the Minister
and the FNM government to
consider the contents of my ini-
tial release and respond in a
mature and reasoned manner,
which is what the Bahamian
people expect of them.
"I stated: To stabilize and
secure our country's future
financial standing, the Govern-
ment must not engage in any
further foreign currency bor-
rowing. It must also move with
a sense of urgency to develop a
plan to reduce our national
debt, diversify our economy
and reduce our dependence on
imported goods.
"This is not the time for talk
of 'proven leadership' or 'tested
leadership'; this is the time for
sound, strategic economic poli-
cies void of political rhetoric
and smoke and mirrors," he
said.


U0 U


5 Scotiabank



VACANCY


Scotiabank (Bahamas) Ltd. is seeking the services of a
Senior Audit Manager

Position Summary:

The role will ultimately evaluate the design and operation of internal
controls for assigned projects or processes for low to medium operations.
The position will act primarily as a member of the existing Audit team
or in some cases, act as Officer in Charge on assignments of low to
medium complexity, ensuring department standards are maintained in
completion of all assignments.

Key accountabilities for this role:

Annual Planning
Engagement Planning
Audit Execution
Problem Identification
Reporting
Self/Staff Development and Teamwork
Special Projects

QUALIFICATIONS:

CPA designation is required/relevant experience preferred

OTHER INFORMATION:

* Will require travel to the Family Islands
* Occasional travel internationally.
* Spanish Language is a bonus in an organization that is expanding
rapidly in Spanish-speaking countries.
* Scotiabank offers a highly competitive compensation and benefits
package with tremendous opportunities for personal and professional
development.

Qualified candidates only should submit applications no later than
January 15, 2010 to:

Manager, Manpower & Succession Planning,
Scotiabank (Bahamas) Ltd., Rawson Square,
P.O. Box N-7518, Nassau, The Bahamas
or e-mail ionie.diggiss@scotiabank.com


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THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 9


LOCALNEWS


Chinese govt expresses support



for the Baha Mar resort project


By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net
THE Chinese government is
expressing strong support for
ongoing negotiations between
local hoteliers and Chinese busi-
ness interests with regard to the
development of the Baha Mar
resort project.
While the government is not
directly involved in negotiations,
embassy representatives said a
deal would trigger many eco-
nomic benefits for both
Bahamians and the Chinese.
"The government of the
Republic of China will strongly
support this project. It will ben-
efit both parties and strengthen
our relationship. We would like
to do everything possible for it
to commence," said Jian Tan,
first secretary in the Chinese
Embassy and head of commer-
cial affairs.
Negotiators for the China
Import-Export Bank, the poten-
tial financier, and China State
Construction Company, the
potential construction compa-
ny, are expected back in the
country early this year to carry
negotiations forward.
Mr Tan said while the
embassy requests information
from the Chinese negotiating
parties from time to time, the
negotiations are conducted
independently.
"Even though the company
is state-owned, it retains its
direct profits and it is managed
independently. The negotiations
in progress are totally of their


own business. The embassy can
facilitate the parties, but they
make the decisions by them-
selves. Generally the govern-
ment will not intervene in a
business decision," said Mr Tan.
In the 1990s China imple-
mented new regulations requir-
ing state owned companies to
establish modem enterprise sys-
tems and take on their own risk.
"State owned companies
must compete in the market
with all the other companies,
even private and multi-national.
All companies must start at the
same level. If the government
facilitates something for state-
owned companies the others
would fail," said Mr Tan.
The question of how many
work permits are to be made
available to Chinese workers in
connection with the project has
reportedly been one of the


stumbling blocks delaying a
final agreement.
Mr Tan said the number of
permits necessary for the pro-
ject would be determined by
Baha Mar and approved at the
discretion of the Bahamian gov-
ernment.
He said the Chinese govern-
ment would only be involved at
the level of screening workers to
ensure that only reputable citi-
zens are brought to work in the
Bahamas.
Just five months ago, Baha
Mar officials met for the first
time with a Chinese business
delegation to explore opportu-
nities for collaborating on the
billion dollar resort. Now on the
cusp of an agreement, Baha
Mar officials are cautiously opti-
mistic that work will soon com-
mence with the backing of the
Chinese entities.


Union officer charged in

connection with altercation


By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT - A union officer has been
arraigned in Magistrates' Court on assault
charges in connection with an altercation
that occurred at Workers House this week.


Robert Barry, a resident of Golden Gates,
New Providence, appeared in Court One
before Magistrate Debbye Ferguson.
It is alleged that on January 5, Barry
assaulted union trustee Ian Neely.
Barry pleaded not guilty to the charge.
He was granted bail and the matter was
adjourned to August 30, 2010.


"Our intention and best wish
is to promote bilateral relations
between the Bahamas and Chi-
na. The Chinese government
and the embassy would like to
do our best to improve bilater-
al relations and ensure the
Bahamian people profit," said
Mr Tan.


DEATH NOTICE-


Helen Millicent Rose Davidson


died on 5th January 2010 in Nassau, Bahamas
after a long illness borne with grace and dignity.
A Memorial Service will be held at St. Andrew's
Presbyterian Kirk, Princess Street, Nassau, Ba-
hamas at 4:00 p.m. on Saturday 9th January
2010. She is survived by her husband Carroll
Davidson, her daughters Suzanne Davidson and
Judy Whitehead, son-in-law Thomnas Whitehead
and granddaughters Rory Whitehead, Alannah
Van-Onselen and Tessa Whitehead and brothers
and sisters in Jamaica, Canada and the United
Kingdom.


EMPLOYMENT OPPORTUNITY

Self motivated, quick thinking, possesses a positive attitude
and is a team player with a passion to succeed.
If you have these qualities, WE WANT YOU!

We invite applications for the following positions:

ADMINISTRATIVE ASSISTANT
Profile / Responsibilities (Admin. Asst.)

* Demonstrated responsible experience as an Administrative
Assistant or Executive Secretary. Proficiency in related area and/or
has Administrative Certification.
* Proficiency in advanced MS Office Suite (Excel, Word, PowerPoint,
and Internet Explorer etc).
* Knowledge of Microsoft Office Project Management
* Ability to effectively and efficiently operate a variety of office
equipment in a computerized environment.
* Ability to work effectively with personnel at all levels within and
outside of the company.
* Ability to communicate effectively both oral and written with a
thorough knowledge of modem business practices and procedures,
business etiquette, business letter writing and business English.
* Work independently, exercise judgment in the absence of
Executives and maintain STRICT CONFIDENTIALITY
* Performs various other reasonable duties as requested by Company
Executives.

An attractive compensation/salary package is being offered subject
to qualifications and experience.

Submit your CV to nassaujobs2010@gmail.com

Attn: Human Resources Manager
Re: Administrative Assistant
Application deadline January 22nd, 2010



SALES CLERKS
Profile/Responsibilities (Sales Clerk)

* Must be a 'People-Person' with a very positive outlook and
outgoing personality.
* Is willing to be trained in specialty areas as is required.
* Is prepared and willing to work shifts and/or overtime when
necessary.
* Must be computer literate
* Must be Reliable, Honest and Punctual
* Must possess a High School Diploma

Submit your Resume to nassaujobs2010@gmail.com

Attn: Human Resources Manager
Re: SALES CLERK
Application deadline January 22nd, 2010


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WAREHOUSE CLERK
Profile/Responsibilities

* Must be Reliable, Honest and Punctual
* Must be able to lift boxes of moderate weight
* Is able to work overtime when needed to ensure the proper
completion of tasks
* Willing to perform other reasonable task as mandated by
manager/supervisor

MAINTENANCE WORKER
Profile/Responsibilities

* Must be a "Handy-Man" with some knowledge of basic building
maintenance i.e. painting, plumbing, carpentry, electrical and
other odd task necessary for the proper upkeep of property such
as exterior window cleaning etc.

Submit your Resume to nassaujobs2010@gmail.com
Tag as Warehouse Clerk or Tag as Maintenance Worker (choose
one).


II I'00 00'' I


T1~7







+


PAGE 10, THURSDAY, JANUARY 7, 2010


Sheraton
Nassau
BE (H RE-OR IT


By D'ARCY RAHMING


Treat the family to Sunday Brunch
at Sheraton Nassau Beach Resort

Every Sunday, Noon to 4pm
Bimini Market


Ask about our
special Bahamian
room rates from

39 per night
$ 3 plus tax and
$13 9 gratuities


Down-Home Red Beans and Rice Pearls of the Bahamian
Sea-Grilled Mahi Mahi
Bahamian-Style Cheesy
Macaroni and Cheese Bahamian Fried Chicken
Spanish Wells Fried Fish Fillet Conch-Fried Rice
with Spicy Tartar Sauce
Pineapple Upside-Down Cake
Conch Chowder
Guava Duff
Brunch includes one glass of wine or cider


I.a arh.ee...o cl '00 ov is t i s aaa a *I-a a a a I


JUST telling young people to just walk away
from a violent encounter will never work as a
solution to violence because it largely misses
the point. Young people have to walk away
with confidence or they feel that they have
been disrespected. Many believe that the only
way to regain that respect is through revenge.
Each young person must have an under-
standing of his own power and where he fits in
so he knows that walking away doesn't dimin-
ish his being. Prior to the last century most
societies initiated young persons through cer-
emonies that taught that life was hard and
could be dangerous. Think of young men in
Africa hunting lions.
In this day and age, every young person


MOVING closer to a
revamp of the laws govern-
ing town planning and the
development of subdivi-
"" " :i sions in the Bahamas, the
.: government introduced a
new Planning and Subdivi-
sions Bill for debate in par-
liament yesterday.
S-. The Bill was an updated
version of a previous Bill
with the same name and
purpose, which was with-


Restaurant employee

robbed by armed men
POLICE are investigating the robbery of a woman
employee of the Chinese Restaurant on Madeira Street by
two armed men late Tuesday night.
The woman was reportedly approached by the men as she
left the store. They robbed her of an undetermined amount
of cash, cell phone cards and a Toshiba lap-top, before flee-
ing on foot.
The culprits were reportedly wearing blue hooded jackets
and black jeans.


THE TRIBUNE


should know how to control, respect and avoid
danger. This can be accomplished through
their taking part in boxing, wrestling and mar-
tial arts programmes with competent teach-
ers that have good moral foundations.
Always remember, we outnumber the Bad
Guys.

* D'Arcy Rahming is a violent crime
researcher and Adjunct Faculty Member at the
College of the Bahamas. He holds Black Belts
in several martial arts and is an internationally
renowned seminar leaderfor corporations, pri-
vate groups and police and security groups.
You can follow him on his blog at www.sto-
t,1 in;,. ;i .,,1.1org.


drawn by the government
prior to parliament's Christ-
mas break after what the
government described as a
slew of late comments and
criticisms of the changes it
would entail.
The latest version of the
63 page Bill - which will be
debated on January 20 -
takes account of those
responses, including those
from opposition members
of parliament, the Bahamas
Real Estate Association
and others.
Prime Minister Hubert
Ingraham said yesterday
that it would be uploaded
onto the government's web-
site for members of the
public to view and com-
ment upon, if they would
like.
The government intends
to pass the legislation
before it prorogues parlia-
ment. This is expected to
take place in late January
or early February.


The premier retailer in The
Bahamas currently has job
openings for the following
positions:


Technician


Database/Network
Administrator


IT Project Manager


Sales Associates


Beauty Advisors


Store Managers


John Bull Ltd. is looking for people who:

* Know what it means to give outstanding
customer service
* Have an interest in retail sales and
management
* Desire to bring fun and enthusiasm to our
family
* Truly believe the customer always comes first

We offer:

* A great group of people to work with
* A competitive benefits package
* An outstanding employee discount policy
* All of the training you'll need to be highly
successful

Only those interested in helping us uphold our
world famous reputation for customer service
need apply. If you want to learn more about retail
for a future career or would like to grow with us,
please complete an application form (available
at all locations) and attach a current resume,
photo and a copy of a current police certificate,
NIB card and Passport (first 4 pages).


Hand deliver to:
John Bull (any location)
Attn: The Human Resources Dept.


5 Scotia Private Client Group*


VACANCY


Scotiabank (Bahamas) Ltd. is seeking the services of a Relationship Manager, Scotia Private
Client Group. This position will appeal to dynamic private banking professionals with
demonstrated ability to achieve strong results via profitable management of a private banking
portfolio.

Position Summary

The position is responsible for ensuring profitable portfolio growth and revenue generation
for the entire Scotia Private Client Group (SPCG). This will be achieved through aggressive
marketing and business development efforts, and the development of solid "Relationship
Banking" including the sound administration of each relationship and the delivery of premium
levels of service. The Relationship Manager is also responsible for developing quality
referrals from potential clients identified as being able to benefit from other products and
services offered through SPCG. The incumbent is also responsible for personal loan adjudication
and risk management within designated limits in order to contribute to profitable loan growth.
In addition, the incumbent is responsible for straightforward and knowledgeable service
through daily interactions to foster a relationship of mutual trust and confidence with our
clients and other employees.

Key Accountabilities for This Role. The ideal candidate must have the following competencies:
* Thorough knowledge of retail lending, investment, deposit and transaction services
* Thorough knowledge of conventional commercial support platform tools and systems,
products polices and procedures
* Thorough knowledge of interviewing, solicitation and negotiating skills
* Thorough knowledge of risk analysis techniques and credit adjudication policies and
processes as they apply to retail and conventional lending products
* Thorough knowledge of business development techniques
* Thorough knowledge of International Private Banking Market & Clientele
* Effective communication skills
* Knowledge of investment products and services, particularly as they relate to the High
Net Worth clients; this includes features, benefits, pricing policies and profitability levers
* Knowledge of the legal, regulatory, compliance, and audit requirements
* Knowledge of client life cycle needs/client segmentation/market analysis/current economic
and political events
* Excellent computer skills - Microsoft Office Word and Excel.


QUALIFICATIONS:
* University undergraduate and/or equivalent degree/experience preferred.

OTHER INFORMATION:
* May require some travel
* Scotiabank offers a highly competitive compensation and benefits package with tremendous
opportunities for personal and professional development.

Qualified candidates only should submit applications no later than January 15, 2010 to:
Manager, Manpower & Succession Planning, Scotiabank (Bahamas) Ltd., Rawson Square,
P.O. Box N-7518, Nassau, Bahamas or e-mail ionie.diggiss@scotiabank.com

*Trademark of The Bank of Nova Scotia, used under license (where applicable). Scotia
Private Client Group is composed of the Scotiabank group of companies that provide private
client services, including Scotia Capital Inc., a Member CIPF.


IODSCUSS STOIS SNTI AELGO TO ' WWTIBUE4.O I


Why theogll
g P1


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Sunday Afternoons are

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$28
adults


New Planning and Subdivisions


Bill is introduced for debate


$14
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12 & under


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children
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I


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+


THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 11


LOS AL NEWS I


" S


C.



BREEZES Resort and Spa Panama, the first Super-inclusive resort
in Central America officially opened on December 12, 2009, with
statewide dignitaries, including Excelentisimo Sr. Ricardo Mar-
tinelli, president of the Republic of Panama, helping to cut the rib-
bon. Located in the coastal community of Santa Clara, just 90 min-
utes from Panama City, the 294-room resort has been booked sol-
id with consumers and agents since its soft opening on October 1.
Pictured (left to right) Excelentisimo Sr Ricardo Martinelli, and
Hon. John J Issa, chairman of SuperClubs.
SuperClubs' executive chairman John Issa has been awarded
an honorary Doctor of Laws degree by the University of the
West Indies in Mona, Jamaica.
Praised for his contributions to Jamaica's tourism industry, the
university praised Mr Issa as one of the field's most influential
consultants and entrepreneurs. Mr Issa has also played an influ-
ential role in Bahamas tourism with the 1995 opening of Breezes,
the all inclusive resort at Cable Beach.
Known for many firsts in the Jamaican hospitality sector, Mr
Issa pioneered the all-inclusive hotel concept on the island when
he opened Negril Beach Village in 1976. Reshaping the resort
industry, Mr Issa then introduced the Super-Inclusive holiday with
the inception of the adults-only playground Hedonism II in 1981.
He also launched the island's first all-inclusive family resort,
Boscobel Beach, in 1983.
Mr Issa's vision has grown beyond the "isle of Irie", with 19
resorts throughout the Caribbean and Latin America. The most
recent in Panama was opened in October last year and the Brazil
resort is scheduled for a May opening this year.
Beyond his hotel ventures, Mr Issa has deep roots in Jamaica:
He served as a senator from 1983 to 1989, chairman of the
Jamaica Tourist Board during the same years and president of the
Jamaica Hotel and Tourist Association in 1972. A unique honour,
Mr Issa even has his own 40-cent postage stamp, which was cre-
ated to commemorate the centenary of the Jamaica Hotel Law
(1904-2004). Throughout the years Mr Issa has received numer-
ous accolades for his achievements, including being honoured with
the Order of Jamaica, the country's fourth highest national order
(1998), and the Brazilian Order of the Southern Cross (Officer
Rank.2001). Ernst & Young named him "Caribbean Master
Entrepreneur of the Year" (2003), he received the Jamaica
Tourist Board's "Trail Blazer Award" (2005), Caribbean World
named him "Premier Hotelier of the Year" (2006); and most
recently the magazine extended Mr Issa "Lifetime Achievement
Award in Travel and Tourism" (2007). Along with Mr Issa, 16
distinguished recipients received honorary degrees from the uni-
versity during graduation ceremonies, including Barbados' former
prime minister Sir Lloyd Erskine Sandiford; governor general of
St Vincent and the Grenadines, Frederick Ballantyne GCMG;
journalist and environmental activist John Maxwell; prolific
scholar and historian Prof. Colin A Palmer; and chairman and
managing director of The Gleaner Company Ltd., Oliver Clarke.


THE PRE-CLEARANCE AGREEMENT (AMENDMENT) BILL


Pre-clearance legislation 'could



boost Grand Bahama economy'


By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
LEGISLATION paving the
way for passengers on private
as well as commercial aircraft to
"pre-clear" US Customs and
Border Protection in Freeport
was heralded yesterday as like-
ly to bring about major eco-
nomic benefits for Grand
Bahama.
The convenience of being
able to use pre-clearance facil-
ities in the Bahamas rather than
enduring typically longer wait-
ing lines in the United States
will attract higher volumes of
private aircraft to land in Grand
Bahama, members of parlia-
ment said, bringing with them
boosts in revenue for hotels,
taxi drivers, restaurants and
shops on the island.
Their comments came dur-
ing a debate in parliament on
the Pre-Clearance Agreement
(Amendment) Bill, a piece of
legislation that empowers the
Bahamian government to
amend the 1974 Pre-Clearance
Agreement it entered into with
the US "from time to time" in
conjunction with US authori-
ties. "In the first instance, we
wish to extend those pre-clear-
ance benefits to the pre-clear-
ance of private aircraft," said
Minister of National Security
Tommy Turnquest.
"It should be noted that this
Bill provides for the pre-clear-
ance of aircraft both visiting
and transiting the Bahamas.
Although the Bill does not
restrict the location of these
facilities in The Bahamas, it has
been determined that Freeport
would be the ideal location for
the pre-clearance of private air-
craft."
The Bahamas is currently
one of only five destinations in
the world where commercial
passengers are able to pre-clear
US Customs and Border Pro-
tection. This in itself has been
of "enormous benefit" to
tourism in the islands and to
Bahamian citizens travelling to
the US, said Mr Turnquest.


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"We are confident that (the
legislation's) passage and imple-
mentation will alert the own-
ers of private aircraft that if it is
advantageous for them to pre-
clear in Grand Bahama before
flying on to their ultimate des-
tination in the United States,
then it would make sense for
them to make Grand Bahama
their vacation destination,"
added the minister.
He said that in the last three
years 80,000 visitors came to
the Bahamas on private air-
craft, with the economic down-
turn having encouraged a pref-
erence on behalf of owners and
leasees of such aircraft to trav-
el to "closer destinations and
airports."
"We expect these numbers
to grow even in a recession
once these pre-clearance facili-
ties are in place and there is lit-
tle debate over the fact that the
spending of those persons arriv-
ing on private aircraft is con-


siderably higher than those
arriving on commercial air-
craft," he added.
Some of the benefits arising
from the implementation of pri-
vate pre-clearance include:
Increased landing fees for the
GBIA; the ability for flights
departing from GBIA to land
at any airport in the US without
having to first land at the first
international port of entry in
the US; increased commercial
opportunities at the airport; the
likelihood that pilots and pas-
sengers will stopover for recre-
ation in Grand Bahama; and
the opportunity for aircraft
from neighboring countries
without pre-clearance facilities
to use the GBIA as an inter-
mediate stop prior to entering
US airspace. MP for Fox Hill
Fred Mitchell said: "I think that
this Bill is in the best interest of
the Bahamian people because it
will do something for Freeport.
It is in our best interests that


Grand Bahama succeeds. We
cannot afford for Grand
Bahama and Freeport to col-
lapse and every effort must be
made to ensure that the pre-
sent trend there is reversed,
with people saying that this is
the worst it has ever been in
their experience."
The increased aircraft vol-
ume will help ensure that the
currently "underutilised" pre-
clearance facility in Freeport is
no longer subject to discussions
of whether it should remain in
operation at all, as has been the
case in the past, he added.
Parliamentarians yesterday
passed the legislation, which
had already been approved by
the Senate. The government
must negotiate the precise
terms of the pre-clearance
arrangement for private aircraft
with the US, via the American
Embassy in Nassau, before pri-
vate pre-clearance can take
effect.


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THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 15


LOS AL NEWS I


FROM page one Hntp]


several months the union has
been embroiled in a battle to
settle on an executive leader-
ship committee.
Nicole Martin secured a
landslide victory in May elec-
tions. The results were voided
after being challenged in court
on the basis of procedural
inconsistencies. Justice Neville
Adderley, who ruled on the
matter, ordered a second elec-
tion. The second election, held
in September, saw another
landslide victory of even
greater margins for Nicole
Martin and her slate of repre-
sentatives vying for executive
positions.
Hanging over election results
were two court appeals. One
appeal was filed over the deci-
sion to void the first election.
This appeal has not been heard
in court as yet.
The second appeal related
to Justice Adderley's ruling to
mandate a second election.
Monday's ruling on this mat-
ter by Court of Appeal Justice
George Newman has union
members up in arms.
Justice Newman granted a
stay of Justice Adderley's rul-
ing, essentially invalidating the
September elections and
requiring Ms Martin to step
down for a second time.
The ruling is a victory for
former first vice-president Kirk
Wilson, who contested the elec-


RL 1 Ul .IV


tion against Ms Mart
the architect of tl
appeal.
"They do not wan


Union members protest
- The teachers and the workers
are really feeling it. We don't
get paid because they don't
have anyone to sign cheques.
* We are supposed to be paid
* weekly and sometimes for
three to four weeks we are not
S paid. I don't even know if I am
.going to be paid this Friday,"
said Erica Eneas, a union mem-
.ber from the group of child
. care workers.
"It is too early in the year
.g for this. One judge makes one
decision and another judge
makes another decision. I
F thought it was the members
S* * who were supposed to make
decisions for themselves about
tin, and is is just the beginning and we are who they want as their lead-
he latest going down Burma Road. They ers," she said.
better check their history, Sir Members of the National
nt Nicole Clifford Darling is still alive, Development Party (NDP)


Martin because she is not for
sale. She has the respect of the
workers. The government can't
buy her. The hotel executives
can't buy her, so they don't
want her," said Perry Cox, a
long-standing union member.
"I have been a hotel worker
all my life. Our judiciary system
is a mockery. We are not going
to stand by idly to let no court
determine our fate. This union
has affiliations and we are not
going to stand dead. We are
telling the politicians to act
now, stand now, because this


because someone is going to
get lick," said Mr Cox.
Protesters expressed disap-
pointment over the lack of sup-
port from political representa-
tives in the leading PLP and
FNM parties, saying no one
was speaking up on behalf of
the workers.
As a result of the outstand-
ing legal matters, former pres-
ident Colebrooke is expected
to assume presidential duties
once again.
"We are the ones that suffer
when this mess starts up again.


ruling on
were on hand to lend their sup-
port to workers. Party member
Renward Wells said the con-
stitution allows for people to
freely organise to form labour
groups, but that process was
being compromised. He said
the government needs to
strengthen the capacity of peo-
ple to be able to vote and have
their votes respected.
Chairman of the NDP Exec-
utive Steering Committee, Dr
Andre Rollins, said: "It is time
to take seriously the business of
nation building. The workers
have spoken not once, but
twice and they spoke loudly
and clearly indicating unani-
mous support for a union led
by Nicole Martin's team. It is
time to stop playing political
games, using the money con-


president
tribute by union members -
$10 per week - to play legal
games at the expense of hard
working Bahamians."
The objective of the pro-
testers is the reinstatement of
Nicole Martin as president.
They appealed to the Prime
Minister, the Minister of
Tourism and all individuals
in power to intervene, stress-
ing the importance of worker
satisfaction to the tourism
industry and Bahamian econ-
omy.
"We want Nicole Martin
back in office as our president.
No judge with a wig should
determine our right to elect a
leader. We are sick of politics
interfering with our business,"
said Rodwell Rolle, union
member.


Registration centres to open today


FROM page one

Malcolm Adderley resigned from his seat as the
representative for the Elizabeth constituency
paving the way for the first by-election in over 10
years to take place.
However, a by-election has not been called as
yet as it can only be done once the Speaker of the
House of Assembly notifies the Governor Gen-
eral that a seat is vacant in Parliament. At that
time the Governor General will call for a by-
election which then will have to take place with-
in 21 or 26 days. This therefore could place such
an election at the beginning of February at the
earliest.
Mr Bethel also reminded the public that first
time applicants for registration must be Bahami-
an citizens 18 years or older, who must provide
proof of citizenship and must have resided in
the constituency for at least the past three


months.
Additionally, applicants for transfer or cor-
rection must present their current voters' cards,
Mr Bethel said.
"It's not different from a general election, it's
the same process rather than electing the whole
House (of Assembly) you're electing one per-
son.
"The (voter) register that is enforced is the
register that was used for a general election, that
is the register that would be used for a by-elec-
tion. The only difference is that any change that
would be made to the register would change to
that extent, if anyone else registers or if any one
is deceased. The register is open for five years, it's
a living document and it can change every single
day - so it remains open," he said.
Currently there is an estimated 4,200 regis-
tered voters in Elizabeth which covers Com-
monwealth Boulevard West as far as Sea Breeze
Drive, Joe Farrington Road, and Cool Acres.


FROM page one Attorney voices concern over


"It's just an impossible sit-
uation and now we have
another person (who may be
appointed to the bench)
which may add to the diffi-
culty in getting a judge who
may or may not have a con-
flict.
"What it does is lend cre-
dence to the critics of our
court system, who say all it is,
is politics. I'm not prepared
to say it's political interfer-
ence, I don't know, it doesn't
have the right smell. It under-
mines the public confidence
of the (court), " he said when
contacted yesterday for com-
ment.
Mr Adderley is 64 years
old, just shy of the mandatory
retirement age of 65 for a
judge. It has been rumoured
in political circles that Mr
Adderley will be offered an
extension past the normal
retirement age from Govern-
ment.
Mr Gomez thinks Mr
Adderley is qualified for the
job but said this reported
arrangement would suggest
that the ex-MP "will not be
as conflict-free in public law


matters as he ought".
"I happen to like Malcolm
Adderley as a person but I'm
just saying that I just find it
strange that on the eve of the
age of ordinary retirement, he
would be given a post which
would, in order to make
sense, would require him to
be extended beyond two
years," he continued.
There is also a cry for con-
stitutional reform in order to
limit the control a prime min-
ister has over the executive,
legislative and judicial branch-
es of government.
Pushing for such reform is
fringe political group, the
National Development Par-
ty, which questioned if Mr
Adderley used his political
leverage as a bargaining chip
to secure a judicial post. The
NDP argued that his resigna-
tion from the House was
proof that the constitution is
"vulnerable to abuse."
"It is because our constitu-
tion was not designed to pro-


tect the citizenry from the
abuse of power by the Prime
Minister, that Mr Malcolm
Adderley is today causing the
public to question whether he
used his elected office as a
bargaining chip in this game
of political poker that has
been played between the
FNM and the PLP since May
of 2007," the NDP told the
press in an impromptu press
conference on the steps of the
House of Assembly yester-
day morning, after Mr
Adderley resigned from Par-
liament.
This comes after specula-
tion that Government wooed
Mr Adderley away from the
PLP with promises of a post
within the Supreme Court in
exchange for his seat.
The NDP said the country
must institute constitutional
safeguards to limit a prime
minister's "absolute power",
if the Bahamas plans to
escape being categorised as
a "Banana Republic."


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T1~7


retired politicians on bench


I


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+


TRIBUNE 5',




THURSDAY,
THURSDAY,


SS


JANUARY 7, 2010


Money Safe.
Money Fast.




Bnk of The Bahamas
S T I I . I

i dLBahmn.Odini.mm


* Robin Hood owner says
staff given shares in
business have seen stake's
worth grow to $250,000-
$300,000 in four-five years
* Urges more Bahamas-
based companies to
'spread the wealth' and
give employees ownership
stake
* December numbers
drop from previous 30-
40% month-on-month
rises, although 2010 to be
'banner year'
* January to finish 20-30%
up year-over-year, with just
under 100,000 customer
visits in December
By NEIL HARTNELL
Tribune Business Editor
Robin Hood's president
yesterday urged "more com-
panies" to follow his lead
and give key/deserving staff
an ownership stake in their
business, telling Tribune
Business that those who had
been granted 50 Class A
shares in the retailer four to
five years ago now had "a
significant piece of the pie"
worth $250,000-$300,000.
Advocating that giving
select employees an owner-
ship stake in the business
was the greatest motiva-
tional tool possible, Sandy
Schaefer said the 10-12 staff
who had been given a stake
in Robin Hood "represent
the best we have".
"It engenders a sense of
team spirit and collective
pride, as they share in the
good times and the bad," Mr
Schaefer told this newspa-
per. "I'd love to see more
companies do it.
"The greatest asset in any
business, bar none, is your
employees. They are truly
the single greatest asset any
company has. What greater
reward can you give but
long-term security and own-
ership?"
Arguing that more
Bahamas-based businesses
needed to "spread the
wcallh , Mr Schaefer said
that unless select employees
were granted some form of
SEE page 10B


$7m food market



pledges price drop

* Newly-opened Premium Foods argues Bahamas food prices too
high, with 50,000 square foot store employing 100 Bahamians
* Chief investor former Bahamas Food Services exec, with business
occupying Penn building on Gladstone Road
* Robin Hood says 'no impact' from launch, as its 45,000 SKUs
provides more variety, and targets different market, than Premium


By CHESTER ROBARDS
Business Reporter
crobards@tribunemedia.net
INVESTORS told Tri-
bune Business yesterday
that they hoped their $7 mil-
lion investment in a newly-
opened Gladstone Road-
based wholsale/retail mega
food market will help to
lower the average New
Providence food bill over
time.
The principal investor in
Premium Foods, Phil Light-
bourne, said he hoped his
investment in a low-priced
food market would drive
average costs down, saying
the public response to date


has been outstanding.
Though he could not say
what revenue the store
earned during its first month
since opening the doors in
December 2009, Mr Light-
bourne said his first three
weeks in business felt like
"three years".
Mr Lightbourne was a for-
mer director of operations
at Bahamas Food Services,
the well-known food whole-
saler based nearby, before
retiring after 30 years.
He said he had seen food
price points continue to rise,
and decided that Bahami-
ans were paying too much
in their food bill. That was
when he made the commit-


Investors eye

Freeport FBO
* 'Fantastic development' of private aviation
pre-clearance in Freeport likely to attract developers
of fixed base operations
* Chamber chief hopes increased traffic will result in
greater airport revenues, lowering commercial
aircraft fees and reducing aviation fuel costs


By NEIL HARTNELL
Tribune Business Editor
Several groups are looking
at the establishment of a fully-
fledged fixed base operation
(FBO) at Grand Bahama Inter-
national Airport, the president
of the island's Chamber of
Commerce disclosed yesterday,
adding that this initiative would
receive a major boost from the
"fantastic development" of US
pre-clearance for private air-
craft in Freeport.
K P Turnquest, responding
to the legislative amendments
extending pre-clearance facili-
ties to private aircraft in Grand
Bahama, said the increased rev-
enues this should generate
could help to lower fees that
Grand Bahama International
Airport currently levies on
commercial airlines, thereby
boosting airlift into the island.
The Grand Bahama Cham-
ber of Commerce's president
also suggested that the
increased aircraft volume gen-
erated by a rise in private plane


usage would lower aviation fuel
costs on Grand Bahama, some-
thing that has been a major
impediment in attracting carri-
ers to the island. "I think it's a
SEE page 7B


ment to opening Premium
Foods.
According to the store's
sales manager, Keishla
Goodman, the 50,000 square
foot outlet carries similar
products to many Bahamian
food stores, though in bulk
and at wholesale prices.
The store has been com-
pared to the US chain Sam's
Club, which also sells goods
in bulk. However, Ms Good-
man said Premium Foods'
bulk imports are split, pack-
aged in smaller pairs and
sold at wholesale rates.
"You basically get every-
SEE page 8B


IAS


5$4.15








S , *i I,,I. r -i
g


Abaco's Xmas

arrivals grow

5% in 2009


Leading resort says December 'over
forecast' and 'way up' on 2008

By CHESTER
ROBARDS
Business Reporter
crobards@tribunemedia.net
PRELIMINARY data -
shows Abaco's Christmas
holiday arrivals were up 5
per cent year-over-year,
the minister of tourism
and aviation said yester-
day, while a large resort
on the island was plci,-
antly surprised" by book-
ings during the season. VINCENT
Vincent Vanderpool- VANDERPOOL-WALLACE
Wallace told Tribune Busi-
ness that increased airlift into the country's fastest-
Odeveloping economy has certainly "paid off divi-
dends" during the Christmas season, though he
warned it was still too early to predict when arrivals
will completely turn around.
He said flights from Miami, one of the nearest US
international gateways, have been full but are not
translating into connections into the Bahamas.
SEE page 5B


'Little confidence' in ability

to arrest $3.8b national debt


By NEIL HARTNELL
Tribune Business Editor
A leading fiscal hawk yester-
day said he did not have "much
confidence" in the Govern-
ment's ability to get the nation's
finances back on the right track,
given that it had achieved "one
year of no deficit in 26-27 years
of independence" and was now
faced with a national debt
totalling almost $3.8 billion.
Rick Lowe, an executive with
the Nassau Institute economic
think-tank, said that with the
national debt approaching at
least $3.8 billion, "future gen-
erations of Bahamians will have


SEE page 9B


* Leading fiscal hawk says
government achieved 'one
year of no deficit in 36-37
years of independence'
* Backs Fitzgerald's long-
term concerns on dollar,
and warns: 'Chickens
coming home to roost'
* 'Future generations of
Bahamians will have a
burden that no generation
has had to carry before'


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PAGE 2B, THURSDAY, JANUARY 7, 2010


THE TRIBUNE


FAMGUARD AND BAHAMAS FIRST IN
DISCUSSION TO CONSOLIDATE COMPANIES

Norbert Boissiere, Chairman of FamGuard Corporation

Limited (FamGuard) and Ian Fair, Chairman of Bahamas

First Holdings Limited (Bahamas First) are pleased to

announce that FamGuard and Bahamas First are in discussion

with a view to consolidating their two holding companies.

The terms and conditions of the transaction are currently being

negotiated and if negotiations are successfully completed will

result in these majority Bahamian owned companies coming

together under one group holding company.

The companies are currently engaged in due diligence

exercises and negotiations, which are subject to shareholder

and regulatory approval, are expected to be concluded by

June 30, 2010.

If the transaction is successfully concluded the combination

of these companies will result in the creation of the first

composite insurance holding company in The Bahamas and

result in the consolidation of approximately $200 million in

gross premium revenue.

It is expected that the combined entity will achieve greater

efficiencies from the consolidation of operations at the

holding company level as well as broaden the market access

for all product lines offered by both companies within the

Bahamas and the wider region.

Bahamas First and FamGuard share a similar history with

both entities having been established as holding companies

for their home grown insurance subsidiaries, Bahamas

First General Insurance Company and Family Guardian

Insurance Company which were established in 1982 and

1965 respectively.

FamGuard became a publicly traded company in 1998

and began the process of restructuring its insurance

operations in 2001 with the merger with Star Insurance

Company (Bahamas) and the acquisition of the remaining

50% portfolio of BahamaHealth Insurance Brokers &

Benefit Consultants Limited in 2002. In 2006 FamGuard

entered into a strategic alliance with Sagicor Financial

Corporation with that entity acquiring 20% of its shares.

In 2008 FamGuard launched its pensions and wealth

management subsidiaries, FG Financial Limited and FG

Capital Markets Limited.

Since its creation 28 years ago, Bahamas First has taken a
lead position in the general insurance market and was the

first local general insurance company to exceed $100 million

in premium income in 2007. Also in 2007, the company

entered into a strategic arrangement with the Economical

Insurance Group (EIG) of Canada with that entity acquiring

20% of its shares.

The insurance subsidiaries of both companies are currently

rated A-Excellent by international rating agency A.M. Best.

Bahamas First and FamGuard will issue another release

upon conclusion of these negotiations.


Protecting



copyright

Are you undecided whether
or not to post your precious
photos on the blog because of
security concerns? Artists, pho-
tographers, news/stock agen-
cies have been asking this ques-
tion forever, and there is still
no simple solution. The sim-
plest answer to this question is
also the most hated one. You
can't!
Despite the usual way of dis-
playing images in a blog post,
they can be stolen or copied
easily, too. Even a novice user any serious reproductive
can simply right click on an
image to save it on to his com- Blocking 'Right Clicl
puter. It is eventually passed or the 'Context Mei
on, and finally appears in some One of the simplest
other blog, website or maga- to put up a 'no right
zine without your knowledge. script. Users will either
Easy as that! options to download the
Because of how graceful and or get a pop-up error E
inexpensive it is to replicate (depending upon how yc
something digitally, if you put the script). Sounds easy
up content it could - and will - is also easy to get arc
be stolen! Really? Oh my well. Just because they
gosh, I wasn't aware of that! right click and save d
Actually, all is not lost. mean they can't downlc
These are some steps to tem- image.
porarily protect your images
from being copied. The obtrusive Wate
Watermarks are fairly
Do not display tive and can be remove
full-size images with difficulty. Using a
Never upload images that are Watermarking Service v
large enough to be used in com- identify copyright infrin
mercial work. Keep your and allow you to c
images under 600px wide. This offenders. Because the
way, if they are blown up in an has a watermark in a
image editor, the image will pix- doesn't mean it cannot b
elate and become unusable for off and used. A comp


against



thieves


THE AR

G I* I

D I R A TA


in.
k'
nu,
ways is
t-click'
r get no
image,
message
ou code
...but it
rund as
cannot
doesn't
oad the

rmark
y effec-
ed, but
Digital
will help
gement
contact
Image
corner
'e taken
uter or


graphic expert can crop the
image or photo shop over the
watermark. It is perhaps the
only method that can deter
copyright violation, but it also
degrades the art work.
Keep the images
out of search engines
Don't let Google or other
search engines index your
images directory. Keep all your
images in an images directory
and block access via your
robots.txt file. This way, you
can keep your Art out of
'image search' results.
Let people know the
images are protected
Display your copyright and
usage policy alongside the
images. Implement a path for
people to contact you for per-
mission to reproduce and know
they cannot copy your images.
Shrink Wrapping Images
Shrink wrapping an image is
a JavaScript technique where
you display your image with
another, transparent, image
overlaid on top. If copied, it
will usually generate a blank
image. However, for someone
who is determined, this method
can be circumvented as well.
Using Flash can
protect your image
It is also possible to set up a
slideshow in Flash to display
image, which limits the ability
of thieves to download the
images directly. Even if you
embed your images in a Flash
object to protect them, it's pos-
sible to take a screen shot of
the desktop as that object is dis-
playing your image.
Never upload them
to the Web
'Prevention is better than
cure', so if you post your images
online it is possible for someone
to pinch them!. The only guar-
antee that your images would
not be stolen is to never upload
them to the web, which is the
securest and safest method of
protecting your digital images.
By and large, full protection
of your images is impossible
because screenshots can be tak-
en and edited as well, so
approach this venture with cau-
tion. Finally, I will leave you
with this tip: Like everything
else, if they can see it, they can
steal it. Thievery is not only
active on land, it exists and
roams cyberspace as well.
Let's have fun and stay on
top of our game.


I SG
Private Banring

SG Private Banking (Bahamas) Ltd.


ENTRY


LEVEL


SG Private Banking (Bahamas) Ltd. is a
licenced Bank providing full Private
Banking and Investment Management
services to high net worth individuals. As
a subsidiary of Societe Generale (France),
the Bank is part of a worldwide network,
operating in 82 countries and employing
163,082 staff from 122 nationalities.

SGPB Bahamas is currently looking to
recruit for an entry level position with
opportunities for development in the
Compliance area. Your primary role will
be to administer the day to day functions
of Central Filing which includes database
maintenance, scanning, filing,
maintenance of client files as well as the
periodic translation of documents from
French to English.


RECRUITMENT


No prior experience is needed but the ideal
candidate will be able to write and speak French
fluently, hold a Bachelor's degree or equivalent
and have excellent computer skills.

The position offers an attractive salary and
benefits package including, pension and
bonus schemes.

Applications should be submitted to the
following address, to arrive on or before
January 13, 2010.

Head of Human Resources
SG Private Banking (Bahamas) Ltd.
PO Box N7789
Nassau, Bahamas


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


NOTICE

IN nTHi ESTATE OF GUISEPPE
CAMP[ domicilcd and late ofJPodTALr
Grillana, Trequanda (Si), Italy, and
Madrid. Spain. deceased

NIKVrCE is hereby given ihal all peruins having
any cluim or demand against or inltrti1 in the
above Estate should send same duly ccrtifiecd in
writing to the undersigned on or before 21st
January, 2010 after which date the Executrix
will proL'eed (0 distribute lie assets of the taLie
having regalr only to the claims, demands or
interests of which she shall then have had noticC
AND all persons indebted to the above Estate
are asked to settle such debts on or before 2 1st
January, 20)0.

FREDERIK F. GOTTLIEB & CO.
Attorneys for the Executrix
P.O. Box AB-20405
Bay Street, Marsh Harbour
Ahaco, The Baharnmas.


BUSINESS I







+


THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 3B


Bahamas' US





imports grow





16% per year


By NEIL HARTNELL
Tribune Business Editor
The Bahamas' imports
from the US grew at a 16 per
cent annual rate between 2001
and 2008, data produced by
the Caribbean Regional
Negotiating Machinery
(CRNM) has revealed, with
this nation accounting for
around 25 per cent of the
region's US import bill in
2008.
A CRNM document,
describing the Bahamas as
"the top import market for
US goods in CARICOM",
said: "The Bahamas was the
most dynamic importer of US
goods between 2001 and 2008,
overtaking Jamaica and
Trinidad and Tobago.
"Between 2001 and 2008,
the Bahamas' appetite for US
goods grew by 16 per cent
annually." None of this will
come as a surprise, given the
Bahamas' proximity to the
US and taste for things Amer-
ican, with this nation account-


ing for 25 per cent of all US
exports to the CARICOM
region.
This data comes after the
US Trade Representative
Office's report on the
Caribbean Basin Initiative
(CBI), published this week,
found that of the $465.823
million worth of goods
exported to the US by the
Bahamas in the period Janu-
ary-August 2009, some 13.3
per cent or $62.16 million
entered tariff-free under the
preferences provided by the
initiative.
These figures represented
a drop on the 2008 compara-
tive period, when $93.472 mil-
lion or 27.9 per cent of a total
$334.497 million worth of
goods exported to the US by
the Bahamas entered under
the CBERA.
For the eight-month peri-
od January-August 2009,
some 41 per cent or $190.832
million worth of Bahamian
exports also entered the US
duty-free, compared to


$197.476 million or 59 per
cent of exports for the same
period in 2008.
The US Trade Representa-
tive's Office's report also not-
ed that US exports to the
Bahamas for the eight months
to January 2009 had fallen by
18.6 per cent, from $1.895 bil-
lion the year before to
$1.542.2 billion, the more than
$300 million drop likely to
have been induced by the
recession.
Overall, for the 2008 full
year, the Bahamas exported
some $603.935 million worth
of products to the US, of
which $141.048 million or 23.4
per cent entered the US duty-
free under the CBERA. The
main beneficiaries from the
Act's trade preferences were
Bahamian crawfish, Polymers'
plastic products, salt, fruits
and vegetables.
In that same year, the US
exported some $2.76 billion
worth of goods and services
to the Bahamas.


Bank invests $1.5m



in its card platform


Bank of the Bahamas International yester-
day said first quarter results showed a net
profit of $3.6 million for the three months end-
ing September 30, 2009, representing 29 per
cent growth over the same period last year.
"I am particularly pleased to report the
strength of the balance sheet, with an increased
risk adjusted capital ratio of 24 per cent, well
above the new guideline of 14 per cent to 17
per cent introduced by the Central Bank,"
said Paul McWeeney, the bank's managing
director.
He added that increasing capital provided
the "financial fortification to absorb increasing
credit risk while seeking viable lending and


investment opportunities, and remaining sup-
portive of providing solutions to customers
faced with financial challenges at this time."
Total assets at the end of the period dipped
slightly from the one-time high of $758 million
at the end of the fiscal year June 30, 2009, to
just under $744 million.
The figures were achieved despite the bank's
$1.5 million investment in sophisticated soft-
ware and equipment to bring credit card pro-
cessing in-house, a move that prepares it to
supply that service and others to financial insti-
tutions and business locally as well as interna-
tionally.


VACANCY NOTICE

Grand Bahama Power Company invites qualified applicants to apply
for the position of Director of Transmission & Distribution.

This position is responsible for the activities required to plan,
construct, operate and maintain the 69/12.5KV transmission and
distribution (T & D) system of Grand Bahama Power Company and
leads the T & D activities for a 20,000 customer based utility.

The successful candidate is expected to develop and execute plans
to ensure a consistent reliable supply of electricity to the island of
Grand Bahama, manage a team of 60 persons including two Managers,
six Engineers, four Supervisors and thirty seven craft workers; and
reports to the President & CEO.

The duties of this position include but are not limited to developing
short and long term plans to improve reliability and efficiency,
providing leadership for the coordination of T & D activities with
external customers and other internal departments, establishing and
reviewing appropriate technical standards and T & D maintenance
programs.

Minimum qualifications are a Bachelor of Science Degree in
Engineering or HNC/HND in Engineering, ten years experience in
a Utility Company with at least six years in a technical position and
four years in a Transmission and Engineering managerial leadership
position. Applicants are required to have proven leadership skills
in a unionized workplace, proven ability to improve system reliability
and overall efficiency in a T & D organization to meet peer and
industry benchmarks, experience leading emergency power
restoration, specifically hurricanes, and demonstrated ability to lead
a large team through change.

Applications with supporting documentation including a clean Police
Certificate and proof of Bahamian citizenship should be sent to:-


Ci RAND BAHAMA POWER COMPANY
�AVBW &jMCWJ W7A,


GRN AAA POWIER OPNYIIED
Frepr, GrndBaam


The Aniquities. Monuments and Museums Corporanon National Museum of the Bahamas has partnered
%w ith the Bahamas Ca es Research Foundation. Fnends of the Ent ironment and the Bahamas National Trust
in a large scale conseranon proposal of 4 known blue holes containing more than 9 miles of underwater
passages located on Southern Abaco. These amazing si tes are considered the most high. decorated under-
water cases in the world. and explorers and scientists bhae discovered the fossilized remains of the ancient
animals that once roamed the islands of the Bahamas. long before man eer set foot here.

The sites are cunenitl the prnmarN focus of a National Geographic Nota one hour documentary. as well as
an upcoming feature article in National Geographic Magazine. The purpo se of this presentation is to
enlighten the general public about current conserxaiion efforts for the protection of these highly sensiite
%windows into ancient Abaconian history and create dialog among stakeholders, both from Abaco as %well as
nation wide. Please join us to di scuss oiar interest and concerns.

For more information, please call the Bahamas National Trust ar: (242) 393-1317


















Stud int Testm noriia[
Maine'insBahamas




* IA jlinr.hI Mina.m. ' University of Waled - RA '(Hon's) B usinesr
"I did'l wwart tu lose my .ob o I cho ~ (top up) - speialimrns in Marketing.


di,' nci- le-a .ring b -cauw ir', .lexiblr
I could work sP , lI as study at the �ame
rine, Frollr'nenr a . qc. k ind ca ry lthe
F1 (.11- il p: o . h ' rey Uo d li t t
frnabls :i.iu rt pay In n itallment .
Ho - TIly I h 'ave ocomrrcrnd RDI and ts
;Ij" .u' the Uppjml thtyy weie Bivirid
r' . I aml r.. I,' ":'.i , . RL ) TD
,r e . . 1 -l.d a.2 - - � .'.
they "-.il, support you IP your
prU groerrrrie f 5 tdy 0'nd they
are very oefficien- ,n their




ow .ll__^as--- 7









" eeo yurrafe hlesuyn
- uti." . tdin prticue
" reirmmeshl fItrain


Finance, Banking
*University of Sunderland - BA (Hons)
Rusies &i Manage ment (top up), BA
(loWns) AccounLancy & Financial
Manage menT ( op up)
University of Darby - BSc (Hons)
Pychioloty (commencing anuary 20O10
University of Tsside - LLB. S C(Hons)
B UISl E Cormputinng (lop up)
S5beffteld Aillarm Universiy - B5c (Honi)
Internatlonial Hospitaliry a Tourism
(top up)
SHigher National Diploma (eritry to top up
ODgres through 2-year HNDI in Business
and Management, Informahion
Technology, Travel and Tourism.
Marketing, Finance



a USA - University of Bradford (AMBA,
EQUIS accredited), Unrverity of
Sunderland. University of Wales
* MSc in Public Adminiisratlon &
Development - University of Birmingham
* M ac Markeuing & Management - University
nf Bradford (commencing January 2 10)
" Wsc Finainc., Accouning % managq mnt -
Univorsiry of (cominmencing January 201I0
* MSc Informaton Technology - University
Of Teesside
* M5c Telecommuncations - BiMmilngam
ci University
a MS Intermational HoipiLailt Management
- Sheffield Hallam University
* Diploma in MdnagemrnenL - University of
Wales (pre-MBA Far non-deqree holders)
* Certificate In Managemern
- UnIiversity of Wales

BAS


TDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22.O


T1~7


TONMETN
RESEARCH AND COSERVTIN6F LU
HOESIN TI AHMA


BUSINESS I






+>


PAGE 4B, THURSDAY, JANUARY 7, 2010


THE TRIBUNE


GM says new CFO is a

candidate for CEO post
Hundreds of the 1,350 General Motors Co. dealers who lost
their franchises last year could see them restored in a con-
gressionally mandated arbitration process that begins later
this month, the company's interim CEO said Wednesday,
according to Associated Press.
CEO and Chairman Ed Whitacre Jr. also said that new Chief
Financial Officer Chris Liddell is a candidate for the CEO
post. And Whitacre said he's not confident about selling the
Swedish Saab brand.
In a wide-ranging talk with reporters at GM's Detroit head-
quarters, Whitacre also predicted that GM would be prof-
itable this year, although he said that was dependent on the
economy and other factors.
GM had planned to close the 1,350 dealerships this year in an
effort to dump poor performers and better align its dealer
base with much lower consumer demand for autos. In many cas-
es, GM had dealerships too close to one another and compet-
ing too much on price, the company said.
Congress passed legislation late last year that forces GM
and Chrysler Group LLC, which shed 789 dealers last year, to
give dealers a chance to appeal closure decisions. Both com-
panies went through bankruptcy protection earlier this year and
are receiving government aid.


GENERAL


HANDYMAN


The New Providence Development Company Limited is
seeking a general handyman to perform various mainte-
nance tasks throughout the group of Companies. Expe-
rience in pool maintenance and landscaping is a plus,.
Candidates must be able to read and write, allocate time
spent per task, have broad skills that cover carpentry,
plumbing, electrical and be capable of efficiently and
effectively overseeing work done by third party service
providers.


Please fax your resume to 362-4582 by
Monday, January 11th at 11:00am.


Accountant to address



infrastructure needs


Simon Townend, a part-
ner in KPMG Bahamas and
managing director of
KPMG Corporate Finance,
will speak on the topic The
Infrastructure ( It, ilh ic for
the Bahamas 2010 and
beyond, when he addresses
the 19th annual Bahamas
Business Outlook next
week.
Mr Townend said infra-
structure was considered to
be one of the greatest chal-
lenges of the 21st century
globally.
"The world is going to
spend $30 trillion on infra-
structure over the next 30
years. The global popula-
tion will go up from 6.5 bil-
lion to between 9 and 12 bil-
lion over this period. This
means increased demands
for energy, transportation,
healthcare, water and waste-
water, telecoms and, very
importantly, education. And
it is not just about building
things, rather the delivery
of efficient and scaleable
services," he said.
Mr Townend added that
infrastructure was central to
Government planning out
of the current crisis for the
creation of jobs and eco-
nomic activity, and the
building of tangible assets
for the long term.
"But in the current envi-
ronment, governments have
larger debt burdens and less
cash to spend. Almost every
country in the world has a
massive infrastructure chal-
lenge ahead of it, and the
Bahamas is not unique.


"The world is going to spend $30 tril-
lion on infrastructure over the next 30
years. The global population will go
up from 6.5 billion to between 9 and 12
billion over this period. This means
increased demands for energy, trans-
portation, healthcare, water and waste-
water, telecoms and, very importantly,
education."

Simon Townend


How is the Bahamas faring?
What is its infrastructure
need over the next 10-20
years? What is being done
about it? What could be
done better? How will all of
this get financed?" Mr Tow-
nend said.

Questions
These are some of the
questions he will discuss at
Bahamas Business Outlook.
Mr Townend has 17 years
of professional and corpo-
rate advisory experience
gained with KPMG mem-
ber firms in the Caribbean,
the United Kingdom and
the Channel Islands. He has
a BA (Hons) degree from
the University of Bristol in
the UK, is a Fellow of the
Institute of Chartered
Accountants in England and
Wales, and is a Member of
the Bahamas Institute of
Chartered Accountants.
This year's Bahamas Busi-


LEGAL NOTICE
NONA HOLDINGS MANAGEMENT INC.
International Business Companies Act
(No.45 of 2000)
In Voluntary Liquidation

Notice is hereby given in accordance with Section 138 (4) of the
International Business Companies Act, (No. 45 of ""' -i- NONA
HOLDINGS MANAGEMENT INC. is in dissolution. PANA-
MERICAN MANAGEMENT SERVICES (BAHAMAS) LTD. is
the Liquidator and can be contacted at Marlborough & Queen Streets,
P.O. Box N-10429, Nassau, Bahamas. All persons having claims
against the above-named company are required to send their names
addresses and particulars of their debts or claims to the Liquidator
before January 31, 2010.



P1LNAMMEU AN ANAGEMA
s Iva$ IAHAMA, L1D.









Temple Christian High School






Temple Christian High School will hold
its Entrance Examination on SATURDAY,
FEBRUARY 6th, 2010 at the school on
Shirley Street from 8:00a.m. - 12noon for
students wishing to enter grades, 7,8,9 and
10.

Application forms are available at the High
School Office. The application fee is twenty
dollars ($25.00). Application forms should
be completed and returned to the school by
Friday, February 5th, 2010.


For further information please
call
394-4481 or 394-4484


ness Outlook is themed
2010-2020: A Decade for
Action and Accountability.
Other presenters will
include Minister of Tourism,
Vincent Vanderpool-Wal-
lace; Algernon Cargill,
director, National Insurance
Board; Dr. K.J. Rodgers,
opthalmologist and busi-
nessman; Khaalis Rolle,


president, Bahamas Cham-
ber of Commerce; Dr Nel-
son Clarke, pyschiatrist;
Wendy Waren, chief execu-
tive and executive director,
Bahamas Financial Services
Board; Usman Saadat,
director of policy and regu-
lation, Utilities Regulation
and Competition Authority
(URCA); Dr Ian Strachan,
associate professor, the
College of The Bahamas;
and panelists Scharad Light-
bourne, photographer, Allan
P. Wallace, artist, and
Terneille Burrows, record-
ing artist.
Bahamas Business Out-
look is organized by The
Counsellors and sponsored
by the Central Bank of The
Bahamas, First Caribbean
International Bank, Scotia-
bank (Bahamas), NIB,
British American Financial,
KPMG and Sun Oil.


NOTICE

NAFCOD INTERNATIONAL LIMITED


Creditors having debts or claims against
the above-named Company are required to send
particulars thereof to the undersigned c/o P.O. Box
N-624, Nassau, Bahamas on or before 29th day of
January, A.D., 2010. In default thereof they will be
excluded from the benefit of any distribution made
by the Liquidator.
Dated the 5th day of January, A.D., 2010.


Gabriele Schneider
Liquidator
23, rue Beaumont L-1219 Luxembourg





NOTICE

IN THE I'STATrK OF PATRICK VAN
WAINWRIGHT BETHEL a.ka.
WAIN WRIGHT PATRICK BETHEL
a.k.a. PATRICK BETHEL late of and
domiciled of Eastwood Estates, Eastern
District, New Providcr"x. The RBILImT;s,
deceased

NOTICE is hereby given that all persons having
any claim or demand against or interest in the
above Estate should .snd arnme duly certified in
writing to the undersigned on or before 21st
January, 2010 after which date the Executrix
will proced to distribute the assets of the Esate
having ieganI only to the claims, demands or
interests of which she shall thn Ihav had notice
AND all persons indebted to the above Estate
arc askcd to .l(1lc suli debts on or bebre 2 Ist
January, 2010.

V. M. LIGHTBOURN & CO.
Attorneys for the Executrix
P.O. Box AB-20365
Bay Street, Marsh Harbour
Aboco, The Bahamas


ITDISCS STOIE ON THI PAG LOG ON TOWWTIUE4.O


NOTICE

NAFCOD INTERNATIONAL LIMITED
N 0 T I C E IS HEREBY GIVEN as follows:
(a) NAFCOD INTERNATIONAL LIMITED is in dissolution
under the provisions of the International Business
Companies Act 2000.
(b) The dissolution of the said Company commenced on
the 5th day of January,2010 when its Articles of
Dissolution were submitted to and registered by the
Registrar General.
(c) The Liquidator of the said Company is Gabriele
Schneider of 23, rue Beaumont L-1219Luxembourg.
Dated the 5th day of January, 2010.

HARRY B. SANDS, LOBOSKY MANAGEMENT CO. LTD.
Attorneys for the above-named Company


COMMONWEALTH OF THE BAHAMAS 2008/CLE/gen/01746

IN THE SUPREME COURT

Common Law & Equity Division
BETWEEN

SCOTIABANK (BAHAMAS) LIMITED


Plaintiff

AND

ANTIONNE R. ROLLE


Defendant

To: Antionne Rolle


TAKE NOTICE that:
An action has been commenced against you by
Scotiabank (Bahamas) Limited in the Supreme
Court of The Bahamas by Writ of Summons filed
on the 22nd of October A.D. 2008 (and renewed on
the 22nd of October 2009) being Action No. 2008/
CLE/gen/01746, wherein the Plaintiff's claim is
for the sums due and owing under a Scotia Plan
Loan numbered 1654616.
It has been ordered that service of the Writ of
Summons in the said action be effected on you
by virtue of this advertisement.
You must within 21 days from the publication of
this advertisement inclusive of the day of such
publication, acknowledge service of the said
Writ of Summons by entering an Memorandum
of Appearance on the Attorneys whose name
and address appear below, otherwise judgment
may be entered against you.



Dated the 4th day of January A.D., 2010



GRAHAM, THOMPSON & CO.,
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attorneys for the Plaintiff


BUSINESS I







+


THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 5B


Bahamian motivates scholars at Harvard


A BAHAMIAN Busi-
nessman has spoken at the
Harvard Business School's
Caribbean Business Club,
on the topic of Envisioning
the Caribbean as a Global
Centre for Design, Innova-
tion, and Entrepreneurship.
Roosevelt Finlayson, who
works as a catalyst for per-
sonal and organisational
change, and is the co- devel-
oper of the Festival in the
Workplace (FITW) process,
highlighted the history of
innovative persons from the
Caribbean, including artists
and scientists, who have
made a positive impact on
the region and the world.


FROM page 1B

Meanwhile, Abaco resi-
dents and hotel owners saw
a better Christmas than
planned. General Manager
of the Abaco Beach Resort,
Bob Kramm, said their
December was "over fore-
cast" and "way up over last
year".
He said many of the
guests visiting the resort dur-
ing the recent holiday sea-
son had not made advance
reservations, making occu-
pancy forecasts unpre-
dictable.
Mr Kramm said the mari-
na, one of the largest in the
Bahamas, had as many as 90
boats. Last September, Aba-
co Beach Resort's marina
was the emptiest it had been
in years.
Mr Kramm was cautious-
ly optimistic that the worst
might be behind Abaco, as
several fishing tournaments
that were cancelled last year
have vowed to return in


Mr Finalyson told Har-
vard students of the need to
ensure new ideas, innova-
tions and inventions were
developed to positively
impact and transform the
Caribbean and the world,
and that new business mod-
els, industries, innovations
in production and delivery
processes, and new products
and services, were devel-
oped.
He added that persons in
the Caribbean should aim
to understand the transfor-
mational role that the cre-
ative design process, used
by artists and scientists, can
play in the development of a


2009. An art festival is also
planned for later this month
in conjunction with the
Bahamas National Trust.
Early last year, Mr
Kramm tweaked the resort's
offerings, adding full moon
parties and numerous enter-
tainment options to drive
business during low periods
sparked by the economic
downturn.
He added yesterday that
those strategies were still
being employed, with the
hotel throwing bonfire par-
ties as a result of the recent
uncommonly cold weather
across the Bahamas.
The hotel expects an over-
booked band schedule and
increase in boat arrivals this
month.
Mr Vanderpool-Wallace
said that though airlift to the
Bahamas had increased, the
turn around in business
might not be felt until confi-
dence in the market is back
up.
"We're optimistic of see-


new approach to leadership
in businesses, the public ser-
vice, education and the
social services.
Mr Finlayson stressed
redesigning the learning
process in schools, universi-
ties and communities, and
taking lessons from
Caribbean festivals and the
arts to stimulate significant
growth in cultural and cre-
ative industries.
The presentation was
organised by Bahamian
Graham Ward, who said:
"On behalf of the Caribbean
Business Club of the Har-
vard Business School, we
would like to thank Mr Roo-


ing a slight increase in busi-
ness month-over-month," he
said.


Share

your

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


VACANCY NOTICE


Grand Bahama Power Company invites qualified applicants
to apply for the position of Director of Shared Services.

This position will lead the Shared Services Department,
including strategic sourcing, category and supplier relationship
management, procure-to-pay transactional processes, logistics
and material management, and associated responsibilities for
Grand Bahama Power Company. After an initial period, the
role may additionally assume management responsibility for
GBPC's Vehicle Fleet and Building Services activities.

Applicants must have a Bachelor of Science Degree in Business
Administration, Supply Chain Management, Logistics,
Purchasing, Economics, Math, MIS or related discipline. MBA
preferred, with at least seven (7) years progressive experience
in a Supply Chain Management, Economics/Financial Analysis
or Operations Management role with emphasis on cost
reduction/control and improving service to internal/external
customers, and five (5) years purchasing experience. Desired
Purchasing Certification CPM/CPSM,SCSP,CPIM. The
individual must possess good leadership skills and a reputation
as an honest and ethical employee.

Applications with supporting documents including a clean
Police certificate and proof of Bahamian citizenship should
be sent to:


THIRECOROFHUANREOUCE
GRANDBAHAM POWECOMPNY, IMITE
P..BX.-08
PIeeprt, rand aham
I Imo


0
CRAND BAHAMA POWER COMPANY
A"n AW^^vl~ify


sevelt Finlayson for his
inspiring presentation. As
the first Bahamian speaker
ever invited to present at
this prestigious business
school, Mr Finlayson's
speech expressing a call for
action resonated with the
professors, students and
alumni in attendance. I
intend to support Mr Fin-


layson's efforts to make this
vision a reality, and I
encourage all of our
Caribbean students at HBS
and alumni to do the same."
Some of the individuals in
attendance at Mr Fin-
layson's presentation were
students and HBS Alumni
from the Bahamas, Barba-
dos, Trinidad and Jamaica.


And also in attendance was
HBS Professor Anita
Elberse and Carl Smith,
vonsul general for the
Bahamas in New York.
Mr Finlayson was the
recipient of a special award
in 2006 for innovation from
the Human Resources Asso-
ciation of the Caribbean.


Abaco's Xmas



arrivals grow



5% in 2009


BY V AND:O
Personal & Confidential
Human Resources
Ocean C1enir<. MLunijtice Foreshore
PO. Bnk N - 4Sj
NassaIu, Bahamas


BY MAIL;
Prifn.l & Confidential
Human Resources
P.O. Box N4i-10
Nassau, Bahainma;


TDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22.O


K


MINISTRY OF WORKS & TRANSPORT
ROAD TRAFFIC DEPARTMENT






PUBLIC NOTICE

The Road Traffic Department is pleased to remind the general public of the
established protocols for the Inspection and Licensing of Company Vehicles.

The month of March is traditionally companies' registration month at the
Road Traffic Department. In an effort to expedite and ensure a smooth
registration process the department advises that registration will commence
February 1, 2010. All companies with a fleet of five (5) or more vehicles are
encouraged to prepare and submit the required documents on the second (2nd)
floor to the Controller's Office in the Clarence A. Bain building to ensure an
appointment for Inspection. The department further wishes to advise that
applications will be processed on first on first come, first serve basis.

The following documentation are required:-
(1) Cover note stating the make, model, year, and chassis number
(2) Total number of all vehicles to be licensed
(3) A copy of the current disc for each vehicle
(4) Original certificate of insurance (no copies will be accepted)
(5) Special Permit Letter (Ministry of Works) for all miscellaneous
vehicles.

Please note that payments can be made in the form of:
* Certified Cheque - made payable to Public Treasury
(absolutely no personal/company cheques)
* Visa/Master Card
* Suncard
* Cash






Julius Bar

Julius Bae Gr oup. the aiding dicdaled Wealh ManageirTnti is seeking

candidates for the position of.

RELATIONSHIP MANAGER

CORI: RESPONSIBILITIES.

- Det\elop his'her exiting client network
- Provide financial information to clients as requested
- Develop Julius Baer Bank & Trust as booking centre through Julius
Baer worldwide network

REQUIRED SKILlS:

- Excellent Italian verbal and written communication skill
- 'PC literate % ith strong -Excel. Word, Pow erlonu (ability to learn
new applications quickly)
A comrlllmment to seri ice ewellence

EXPERIENCE:

- Minimum 10 years experience in Swiss Banking or related field

EDUCATION:


A Bachelor's degre with concentration in Economic, Business
Adiniihitrithmio orequi\;alent.
S The Securitics Course Series 7 or equivalent.


FOREIGN LANGUAGES:

The ability to speak a second language (Italian. French, Spanish
or Portuguese) outild be a strong asset.

We otTer a very competitive com:perisatiori and benefits package, a
stimulating work environment and the opportunity to make a significant
contribution to our business while expanding your career.

Interested candidates should forward a copy of their resume by January
29yh, 2010 to the attention of:







+


THE TRIBUNE


FROM page 1B
fantastic development for
Grand Bahama," K P Turn-
quest told Tribune Business
yesterday. "I think it also will
necessitate the need for the
reconstruction of a proper
Fixed Base Operation at the
airport. We don't have one at
the moment. They, Freeport
Flight Services, operate out of a


THURSDAY, JANUARY 7, 2010, PAGE 7B


Investors eye Freeport FBO


trailer, which is not satisfactory
at all. The construction of a
proper Fixed Base Operation
to receive the kind of visitors
and traffic that will result is a
fantastic development.
"There is a group that is
looking at developing an FBO
there. Scott Albury is a part of


COMMONWEALTH OF THE BAHAMAS 2008/CLE/gen/01728

IN THE SUPREME COURT

Common Law and Equity Division

BETWEEN

SCOTIABANK (BAHAMAS) LIMITED

Plaintiff
AND

MARSHA T. YOUNG

First Defendant
AND

BERNARD A. YOUNG

Second Defendant

To: Marsha & Bernard Young


TAKE NOTICE that:
An action has been commenced against you by
Scotiabank (Bahamas) Limited in the Supreme
Court of The Bahamas by Writ of Summons filed
on the 17th of October A.D. 2008 (and renewed on
the 17th of October 2009) being Action No. 2008/
CLE/gen/01728, wherein the Plaintiff's claim is
for the sums due and owing under a Scotia Plan
Loan numbered 1545620 and a Mastercard No.
5449 6850 1000 7611.
It has been ordered that service of the Writ of
Summons in the said action be effected on you
by virtue of this advertisement.
You must within 21 days from the publication of
this advertisement inclusive of the day of such
publication, acknowledge service of the said
Writ of Summons by entering an Memorandum
of Appearance on the Attorneys whose name
and address appear below, otherwise judgment
may be entered against you.


Dated the 4th day of January A.D., 2010


GRAHAM, THOMPSON & CO.,
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attorneys for the Plaintiff


VACANCY NOTICE


Grand Bahama Power Company invites qualified applicants to apply
for the position of Assistant to the CEO - Communications.

This position is primarily responsible for all corporate communications,
community and major customer relations for Grand Bahama Power
Company.

The successful candidate will be expected to plan and implement the
company's public relations strategies in conjunction with Senior
Executives, with a primary focus on improving the Company's image
in the community. The individual will act as the company spokesperson
representing the company to the press and public in consultation with
Senior Executives.

Duties of this position include but are not limited to developing and
managing the company's publications for internal and external
audiences including press releases, newsletters, speeches, articles and
advertising campaigns. Defining corporate priorities and aligning
outreach activities with corporate social responsibility and business
strategies, organizing community events sponsored by GBPC and
building business relationships with top customers to include periodic
contacts.

Applicants must have completed some college level courses in
Communications, Public Relations or related field with a Bachelor's
Degree in Communications, Public Relations or related field preferred.

Applications with supporting documentation including a clean Police
Certificate and proof of Bahamian citizenship should be sent to:-


TH IRETROFHMNREORE


GRNDBAAM PWE CMPNY LMIE


6
- RAND 13AHAMA POW ER COMPANY


T1~7


one group looking at it."
FBOs, such as Odyssey Avi-
ation at Lynden Pindling Inter-
national Airport (LPIA), pro-
vide a complete service to the
private aviation market, includ-
ing refuelling and all necessary
aircraft services and mainte-
nance. They also allow this
market's high-end clientele to
pass through Immigration and
Customs swiftly when entering
and exiting the Bahamas.
The added convenience pro-
vided by FBOs is a further
attraction to investors and
tourists eyeing the Bahamas,
and Tommy Turnquest, the
minister of national security, in
leading House of Assembly
debate on the proposed amend-
ments yesterday said some
80,000 visitors had entered this
nation via private plane in each
of the past three years.
More importantly, spending
by private aircraft visitors was
higher than what was spent by
commercial aviation passen-
gers, Tommy Turnquest said,
indicating this was a business
with high margin potential for
tourism.
Meanwhile, K P Turnquest
said of the economic effects of
Grand Bahama private aircraft
pre-clearance: "It will impact
revenues at the airport, like
landing fees and other aero-
nautical fees, and hopefully that
will be able to reduce costs for
other aircraft coming in. "Then
you have the opportunity for
caterers and the like to serve
these aircraft. It's a good poten-
tial opportunity for us. As a
result of the increased aircraft
volume generated, hopefully
we'll see a reduction in fuel
costs. All things considered, it's
a beautiful opportunity."
The Grand Bahama hotel
industry may also benefit from
spin-offs generated by private
aircraft passengers seeking
accommodation for short-stays,
while all other aspects of the
tourism industry, such as tours
and excursions, could benefit
from passengers venturing
beyond the airport to spend
money on the island.
K P Turnquest said the pre-
cise economic impact was
unknown at this point, as it was
uncertain whether the pre-
clearance initiative would
attract private aircraft from just
the Caribbean, or also catch the
attention of pilots/clients from
"further south", in countries
such as South America.
"It's just that the Caribbean
traffic may not be as significant
as we'd like," K P Turnquest
told Tribune Business.
Acknowledging that Grand
Bahama International Airport
was "underutilised", Tommy
Turnquest yesterday said both
it and Lynden Pindling Inter-
national Airport (LPIA) were
assessed as potential pre-clear-
ance locations for private air-
craft flights transiting and orig-
inating in the Bahamas, before
the latter was settled on. Air-
craft from neighboring coun-
tries, Tommy Turnquest said,
would be attracted to use
Grand Bahama to pre-clear US
Customs and Border Protec-
tion, as they could then land at
any US airport without having
to land at the first international
airport of entry.


I BUSINESS I






+


PAGE 8B, THURSDAY, JANUARY 7, 2010


THE TRIBUNE


NOTICE

IN THE ESTATE OF PHILLIP
EMERSON BRAID ak.a. PHILLIP
E. BRAID domiciled and late of 15
Gerv'I Crescent, Ottaw a, Ontario,
Canada K2G OJ6 deceased

NOTICE is hereby givcn that all persons having
any claim or demand against or interest in the
above E~laic shnumld send same duly certified in
writing to the undersigned on or before 21st
January, 2010 after which date [lie Eecuttrix
will proceed to distribute the assets of the Estate
having regard only to the claims, demands or
interests of which she shall then have had notice
AND all persons indebted to the above Estate
are asked o Nell Ie Mich debts on or before 2 ] sI
January, 2010.

FREDERIK F. GOTTLIEB & CO.
Attorneys for the Executrix
P.O. Box AB-20405
Bay Street, Marsh Harbour
AIaco, Tlie Rahanas







Account Manager
The successful candidate should possess the
following qualifications:
* 7 or more years banking experience
* Must have retail banking experience in
lending
* Minimum - Bachelor's Degree in Banking
or a related field
Responsibilities Include:
* Providing overall management by achievement
of team sales objectives, and related activities
to achieve a high standard of customer care,
optimal business retention, profitable growth
and productivity.
* Developing RBC Financial Group and
community relationships to capitalize on
business opportunities.
* Providing ongoing coaching and development
of staff, ensuring a high level of employee
commitment and capability through focused
sales/service management routines.
* Growing both the business and personal client
relationship.
* Balancing the rewards of meeting business
objectives with the risk of loss to the customer,
employee and shareholder by following
corporate compliance/policies to maintain risk
exposure and to operate within the legal
framework.

Required Skills:
* Strong Leadership
* Problem Account Management
* Strong written and verbal communication
* Negotiating/Selling Skills
* Relationship building & Coaching Skills
* Analytical Skills
* Good judgement
* Effectively manage Risk
* Critical Thinking
* Impact and Influence
* Ability to manage multiple priorities
* Microsoft Office Proficiency (Word, Excel,
Outlook)

A competitive compensation package (base salary
& bonus) commensurate with relevant experience
and qualifications is offered.

Please apply by January 12,2010 to:


Regional Manager
Human Resources
Caribbean Banking
RBC Royal Bank of Canada
Bahamas Regional Office
P.O. Box N-7549 Nassau, N.P., Bahamas
Via fax: (242)322-1367
Via email: bahcayjp@rbc.com


^^B~jii~nTjT'[i7*3.1A^


pledges price


FROM page 1B
thing along the lines of food
service," she said. "We also
buy a lot our products local-
ly."
Ms Goodman said items
such as fresh conch, lobster
and vegetables, and as many
sundry products as possible,
are shopped for locally,
before using international
markets. Unlike similar
large wholesalers in the US,
Premium Foods does not
require membership and is
completely open to the pub-
lic. This development comes
as existing large food retail-
ers, such as Robin Hood and
AML Foods, are expanding
their businesses.
According to Ms Good-


man, Premium Foods is 100
per cent Bahamian-run and
owned, and employs almost
100 individuals.
Mr Lightbourne alluded
to huge changes to the store
within three months, which
will allow its expansion in
the future. For now, he said
he has been able to keep
food price points down and
will continue to attempt to
drive the prices lower.
Premium Foods is operat-
ing out of the property con-
structed by well-known con-
tractor Edward Penn and his
brother.
Its launch has intensified
competition in an already-
crowded food and grocery
retail/wholesale market in
the Bahamas, which has


long been dominated by the
likes of City Market, Super
Value and AML Foods.
New players, particularly
Robin Hood, have moved
into the market aggressively,
putting the pressure on mar-
gins and market share.
Sandy Schaefer, Robin
Hood's president, yesterday
said the emergence of Pre-
mium Foods would have lit-
tle to no impact on his gro-
cery business.


drop
"I think it's really of no
major concern to us because
their market is the one
Bahamas Food Services
serves right now," he added.
"We probably have in
excess of 45,000 SKUs
[stock keeping units], and in
a place like that they proba-
bly have a couple of thou-
sand. People wanting vari-
ety come to Robin Hood, so
we haven't felt much of an
impact."


NOTICE

MAZABE LIMITED
In Voluntary Liquidation

Notice is hereby given that in accordance with Section
138(4) of the International Business Companies Act.
2000, MAZABE LIMITED is in dissolution as of
December 31, 2009.

International Liquidator Services Inc. situated at
35A Regent Street, P. 0. Box 1777, Belize City, Belize is
the Liquidator.


LIQUIDATOR


IODSCUSS STOIS ON THIS PAG LO NTSW.RIUE4.O


$7m food market


Service Station

Pump Attendants

A well established gas station located in
western New Providence is looking to hire
pump attendants. Candidates must be able
to work rotating shifts of 7am - 3pm and
11am - 7pm. Applicants should hold a high
school diploma.


Please fax your resume to 362-4582 by
Monday, January 11th at 11:00am.


Legal Notice


INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

JOINT EXPRESS INVESTMENTS LTD.
In Voluntary liquidation
"Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),
JOINT EXPRESS INVESTMENTS LTD. is in dissolution.

The date of commencement of dissolution is the 5th day of January, 2010.

Rustem Limited
of Trident Chambers, P.O. Box 146,
Road Town, Tortola, British Virgin Islands
Liquidator





























Due to the construction of the new Straw

Market, effective 4th January 2010, the
bus lay-by/bus stop on Bay Street in the vi-

cinity of the Straw Market, will no longer be
used as a lay-by/bus stop. All bus drivers
and passengers are encouraged to use
other bus stops along Bay and Frederick



We apologize for any inconvenience caused.

The Controller Road Traffic


COMMONWEALTH OF THE BAHAMAS 2008/CLE/gen/01730
IN THE SUPREME COURT
Common Law & Equity Division
BETWEEN


SCOTIABANK (BAHAMAS) LIMITED

Plaintiff

AND
JOHN V. BETHEL

Defendant

To: John V. Bethel

TAKE NOTICE that:
An action has been commenced against you by
Scotiabank (Bahamas) Limited in the Supreme
Court of The Bahamas by Writ of Summons
filed on the 17th of October A.D. 2008 (and
renewed on the 17th of October 2009) being
Action No. 2008/CLE/gen/01730, wherein
the Plaintiff's claim against you is for the
sums due and owing under a Scotia Plan Loan
numbered 1283900.
It has been ordered that service of the Writ of
Summons in the said action be effected on you
by virtue of this advertisement.
You must within 21 days from the publication
of this advertisement inclusive of the day
of such publication, acknowledge service
of the said Writ of Summons by entering
an Memorandum of Appearance on the
Attorneys whose name and address appear
below, otherwise judgment may be entered
against you.

Dated the 4th day of January A.D., 2010


GRAHAM, THOMPSON & CO.,
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attorneys for the Plaintiff







+


THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 9B


FROM page 1B

a burden that no generation has
had to carry before".
Criticising both FNM and
PLP governments for fiscal
profligacy that has endured
over successive administrations,
Mr Lowe said senior Bahamian
politicians and civil servants
had shown no appetite for tack-
ling what he identified as the
key factor behind recurrent fis-
cal deficits - ever-increasing
spending and the growing size
of government. "I think both
parties are culpable. They've
both borrowed and spent and
printed money, and run deficits,
for far too long," Mr Lowe told
Tribune Business yesterday.
Of the Standard & Poor's
(S&P) decision to downgrade
the Bahamas' long-term sover-
eign debt to 'BBB+', he added:
"It's only the chickens coming
home to roost. Eventually, D-
Day comes."
Data from the Central Bank
of the Bahamas' latest statistical
digest showed that at the 2009
third quarter end on Septem-
ber 30, 2009, this nation's
national debt stood at $3.675
billion. Some $3.236 billion of
that was directly owed to cred-
itors by the Bahamian govern-
ment, along with a further
$438.486 million worth of bor-
rowings it had guaranteed on
behalf of public sector corpo-
rations and agencies.
Taking the Bahamas' $7.564
billion GDP for 2008, and
assuming the economy con-
tracted by 4.5 per cent in 2009,
gives a $7.224 billion GDP for
the latter year. Using this num-
ber gives the Bahamas a debt-
to-GDP ratio of 50.9 per cent as
at September 30, 2009.
And this ratio is likely to
have worsened, given that these
figures do not include the net
$100 million increase in the
Bahamas' national debt that
resulted from its subsequent
$300 million bond issue. That
took the national debt to just
under $3.8 billion, at $3.775 bil-
lion, and would make for a 52.3
per cent debt-to-GDP ratio.
Mr Lowe said that assuming
a national debt of $3.75 billion,
and 350,000 Bahamas residents,
the debt per person was around
$11,000-$12,000. And if only
150,0000 Bahamians were
working, it averaged out to
$25,000 per working person.
Mr Lowe said he "tends to
agree" with PLP Senator
Jerome Fitzgerald, who told
Tribune Business pre-Christ-
mas that the S&P downgrade
was "the first step on a slippery
slope" that, if not corrected,
could ultimately lead to the
Bahamian dollar's devaluation
from its one:one peg to the US
dollar.
Their views contrasted with
the Government position set
out by Zhivargo Laing, minister
of state for finance, who on
Tuesday attacked Mr Fitzgerald
for "reckless nonsense" over
his comments, arguing that
there was "no such threat to
the value of the Bahamian dol-
lar".
Mr Laing said the national


'Little confidence'


debt-to-GDP ratio was 48 per
cent, just below Tribune Busi-
ness's calculations. It is not
clear what data he was using,
but the Government has
exceeded the 40 per cent debt
servicing ratio that, for exam-
ple, the Central Bank has rec-
ommended commercial banks
use when assessing a potential
borrower's creditworthiness.
"It's certainly a very serious
situation, but it's a result of
many years of both PLP and
FNM failed fiscal policies," Mr
Lowe told Tribune Business.
"You can't keep expanding
government and not expect it to
cost you. Eventually, you'll
have to either increase taxes,
the dollar will have to be deval-
ued, or both. That's not the
intent of either political party,
but that's what going to hap-
pen if we keep going."
Arguing that successive gov-
ernments' fiscal policies had
been driven largely by short-
term political considerations,
as opposed to long-term needs,
for the past 20 years, Mr Lowe
added: "That's what keeps
leading us further and further
down this path.
"I think devaluation is com-
ing, and obviously higher taxes.
There's no doubt in my mind.
We're not going to stop spend-
ing. I think we've had one year
of no deficit in 36-37 years of
independence.
"As far as I'm concerned,
future generations of Bahami-


ans will have a burden that no
generation has had to carry
before, and they can thank the
politicians of the last 30 years
for that. Economic growth will
return, but I don't think it will
return to the levels we saw, so
it's going to be a long, slow
grind to get the economic sys-
tem back on track."
And Mr Lowe added:
"They've [the Government]
shown they cannot control
spending, and that's a track
record since independence. I
don't have much confidence
that they can [reverse course].
"The only way to get out of
this is to shrink the size of gov-
ernment. Government is
responsible for too much of our
economy. But for some reason,
our senior civil servants and
politicians are only willing to
continue with the status quo.
They are not willing to look at
it through a different lense."
As a result of the worsening
public finances and debt met-
rics, Mr Lowe said the Gov-
ernment was not going to have
"the ease of borrowing" that it
enjoyed in the past.
The Central Bank data
showed that since year-end
2007, the Bahamas' national
debt increased by more than
$600 million over seven quar-
ters, having started out at $3.07
million.
Mr Fitzgerald, speaking with
Tribune Business yesterday,
said that when the former


VACANCY NOTICE


Grand Bahama Power Company invites qualified applicants to
apply for the position of Engineer - Diesel Operations and
Maintenance.

This position is primarily responsible for the technical and operational
oversight of the diesel Generation fleet of Grand Bahama Power
Company.

The duties of this position include, but are not limited to performing
routine daily inspections of the diesel units, assisting with the
planning, preparation and execution of maintenance and repairs,
supervising and evaluating engine performance tests for optimization
of the running condition and reporting of results to Management.

Applicants must have post High School Training in Diesel Engines
with a College Degree in Mechanical/Marine Engineering preferred.
Also required is a minimum of ten (10) years experience in
maintenance of large diesel engines in excess of 10 MW with at
least five (5) years at a maintenance supervisor level or equivalent.
Applicants are also required to have sound trouble shooting skills
demonstrated experience and ability along with good understanding
of diesel electric generators and proven leadership skills.

Applications with supporting documentation including a clean
Police Certificate and proof of Bahamian citizenship should be
sent to:-


FrepotGrn'Baam




I Janury 152010


CRAND B3AHAMA POWER COMPANY


Christie administration demit-
ted office in May 2007, the
national debt was $2.889 bil-
lion. If this is correct, it would
indicate that the Ingraham gov-
ernment has been forced to
borrow almost $900 million in
two years, something that
equates with the $872 million
figure quoted by Mr Laing.
"It's obvious that by the time
we get to the next Budget in
May, the national debt will be


up to $4 billion," Mr Fitzger-
ald said.
He also questioned the size
of the Government's overdraft
with the Royal Bank of Cana-
da, querying what was happen-
ing "if the Government contin-
ues to run its overdraft to the
max and not include it as part
of the national debt".
Mr Fitzgerald again reiterat-
ed that the Bahamas' foreign
currency debt now stood at $1.1


billion, more than 25 per cent of
the national debt, and argued
that the Christie administration
had to borrow $125 million
when it took office to clear a
$100 million overdraft left by
the first Ingraham administra-
tion.
However, that $125 million
credit facility had been put in
place, but not drawn down by,
the then-FNM government.


At RnlBierlirid, we pri:e ci.irW, en hr--ro apprv.rhaihlr. -ir.-irr .\." and prnartivr I
1a ,n 1.I. , '.ric r- qualities a& 'd " aI tt *. * .-*- , .=':.'s -1 .-1-. e. p . -a ' ,,.' be n eo eu
vc'r lc .kling lor
Investment Manager


pidtaeDfevlirrt mne nt pairtl lia. liAh te arwistn f e.rpert dpir t: It'W
�.d.s arl i L nl


-ur RemponMbilntie wtll Inclide

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wi. ic N'te l :.. M ArJ. rh





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p awMa.e l n CdI 1i.. 1 ,ia : " Ia'd

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Butter eld


NOTICE

IN THE ESTATE OF HANS OTTO
ERICH RIrTER dnmiciled and late of
Hess.ch, Lichtenau, Germany, deceased


NOTICE is hereby given that all persons having
any claim or demand against or interest in the
abuov Estate should wind same July certified in
writing to h1c Lindcr.igned on or befCre 21st
January, 3)10 after which date the Adrni.nistratrix
will proceed to distribute the assets of the Esiaie
having regard only to the claims, demands or
interests of which she shall then have had notice
AND all persons indebted to the above Estate
arE asked lo settle such debts on or before 2 1st
January, 20 10.


FREDERIK F. GOTTLIEB & CO.
Attorneys for the Administratrix
P.O. Box AB-20405
Bay Street, Marsh Harbour
Abtco, The Bahamas


I ODSUSSOISO HSIPAGE LG ON0T WWW.TIBUE22CO0


T1~7


SEam I A M- -I U I | AMA t-M I WI UMY |I HMiCG I | M I iLAIR nl| UMIDC im




Caribbean Bottling Co. (Bahamas) Ltd







Is seeking the position of

Job Tilk: QUALITY SYSTEMS MANAGER

Deparl t len: Oualit y Syscim

The Quality Systems Manager shall nrpont io the Operations Manager and music
be familiar with, undenmtand and operulC acconimng lo lh. relevant elements ot'the
('oij-C:ula Management System tICLNMS).

Main Duties & Respaonihilidee.
The Quality Syscnms Manager shall be responsibLe ftr the iflkienli and LffteclvC
operations of the qualLty assurance depamnent. These duties include bul arc not
limited to the following:

I. Manage all siaffin thei quoilivty a tssuraw.t d padi4' en 10 e nur tim ll pro1i cedurn
.arc in �omphance with the standard.' of TCCVMS.
2. Lisaic with Produclinn Manager and Opcntinns Manager to enure that the
nc4a'-s.auy corrective ations are taken when required
3. Monitur and assess quality assurance pRTwCeduTres nd activities to ensure that
pPt.'lK" rMIWO. T tluirXId ..,pecifiaIllonT
4. Dcvclop amd impllminc prC1gtam1 anldi prIxcdrLiics ti addrczs quality ik.uL%
.5. Provide training and iuidancc wo all mTffin ensure that they undoriland and are
compieent in pertfrming their roles and rcsponsibililieq
6. Report to the Operations Manager and generall Manager on matters perimmng
I ihLi du-pritrnt nl.
7. nagei M in ww prmduci develoupnm l
R. A.sist in ith c nordinal ion and impnflcimen:tLL:i41ln r I'qu:jit y a..iim'nce activities
P'. PerTfrm other reas~oamuic ab relactd duTicn as may he assipgcd by w'nimr
imnaacmcnt.

Qualiflations & Experience:
Mimi.nuniL f a Richeloi ofScimtnc; cgit in Chernilry nid.. Rin li1tgy ,ir Ftoxi
S.cien or the equivalent.
A minimum offivc-cight years' experience in a similar capacity in the beverage
industry including a HAAL'P certified environment and cxposurM.expenence m an
LSO 90eU nO irument.

Skills.i/Cre Comnpelenkei:
Excellent analyucal ~iills and laboratory techniques
Strong leadership and team buttilding skills
Good interpersounal and communication skills.
C(omputT liicraciy (Miizro~ifl Offi:
51sunig knowledge tf a Qimlily M'mugenwil i ,SyIill

Plca.me apply in writing m0:
Elumau Resources Department
Caribbcun Botthng Co. ( iJah.. Ltd
P.O. BoxN-112.3
Naisgu, Baain.i
(Or by mail rn: jfountainl:dibchahamas.com
On or bhrore Jan. 21st., 21110


I BUSINESS I


I


-i







+


PAGE 10B, THURSDAY, JANUARY 7, 2010


THE TRIBUNE


Retailer's staff get 'significant piece of the pie'


FROM page 1B

ownership in their place of
employment, it was difficult
to instill such motivation
unless they had been "fight-
ing in the trenches with you"
from the beginning.
While many had
bemoaned an alleged lack
of work ethic in the
Bahamas, Mr Schaefer said
those staff members he had
granted shares to had either


been with Robin Hood from
almost the beginning, or had
fully "embraced the con-
cept" of the retailer and its
ethics.
"I think ownership is a
great motivator for any-
body," Mr Schaefer said.
"You've also got another
pair of eyes that's going to
be watching over your busi-
ness other than yourself.
Employees look at their
place of employment
through one set of eyes, but


owners look at their busi-
ness through an entirely dif-
ferent set of eyes."
Given that they enjoyed
a share of the profits, Mr
Schaefer said employee-
owners would not just focus
on the bottom line, but also
concentrate on minimising
costs and expense contain-
ment.
And Mr Schaefer added
that last month, Robin
Hood sent out 125 cheques
for "tens of thousands of


dollars" to charities and
churches, the proceeds from
its Shop, Share and Save ini-
tiative.
Meanwhile, the Robin
Hood president said the
retailer, which is based in
the Summerwinds Plaza off
Tonique Williams-Darling
Highway, was looking for-
ward to a "banner year" in
2010 despite the Decem-
ber/Christmas sales figures
not having hit the month-
over-month growth enjoyed


previously.
While Christmas sales
were "up year-over-year",
Mr Schaefer told Tribune
Business: "I would say, odd-
ly enough, that our hard
goods sales exceeded pro-
jections. We were a little dis-
appointed - we're used to
achieving such high month-
over-month growth in the
high 30 to low 40 per cents,
but did not hit those num-
bers."
On customer count,
Robin Hood saw "close to"
100,000 visitors during
December, although Mr
Schaefer said the actual fig-
ure was probably close to
95-96,000.
"We expect to finish 20-
30 per cent ahead of last
year," the Robin Hood pres-
ident said of January 2010,
"but last year we were still
working out the kinks, and
not firing on all cylinders.
Now we are."
Mr Schaefer said the
retailer hoped to receive a
further boost from the immi-


"Employees look
at their place of
employment
through one set of
eyes, but owners
look at their busi-
ness through an
entirely different
set of eyes."

Sandy Schaefer
nent opening of the adjacent
Mario's Bowling and Enter-
tainment Centre, which has
been constructed by his
landlord, former PLP MP
Leslie Miller.
Adding that the Centre's
opening would "hopefully
be later this month", Mr
Schaefer suggested it would
act as a magnet to "bring
more traffic our way", as
there were "a lot of syner-
gies we hope to exploit"
between the two facilities.


COMMONWEALTH OF THE BAHAMAS 2007/CLE/gen/01355


IN THE SUPREME COURT
Common Law and Equity Division


BETWEEN



SCOTIABANK (BAHAMAS) LIMITED


Plaintiff


AND

GRANVILLE N. BASTIAN



Defendant

To: Granville Bastian



TAKE NOTICE that:
An action has been commenced against you by
Scotiabank (Bahamas) Limited in the Supreme
Court of The Bahamas by Writ of Summons
filed on the 17th of October 2007 (and renewed
on October 17th 2009) being Action No. 2007/
CLE/gen/01355 wherein the Plaintiff's claim
is for the sums due and owing under a loan
numbered 1597300 and Visacard No. 4539-
3870-1055-2324.
It has been ordered that service of the Writ of
Summons in the said action be effected on you
by virtue of this advertisement.
You must within 21 days from the publication
of this advertisement inclusive of the day
of such publication, acknowledge service
of the said Writ of Summons by entering
an Memorandum of Appearance on the
Attorneys whose name and address appear
below, otherwise judgment may be entered
against you.


Dated the 4th day of January A.D., 2010



GRAHAM, THOMPSON & CO.,
Chambers,
Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attorneys for the Plaintiff


ITDISCS STOIE ON THI PAG LOG ON TOWWTIUE4.O


NOTICE is hereby given that DANIELLA PHILIPPE of
ROBINSON ROAD #7, P.O. BOX N-6070, 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 31st day of December, 2009 to the
Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.




NOTICE is hereby given that JACKLYNE JOSEPH of SUNRISE
ROAD #7, P.O. BOX SS-6360, 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 31st day of December, 2009 to the
Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.




NOTICE is hereby given that LICVA LOUIS of WELTON
STREET, 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 7th day of January, 2010 to
the Minister responsible for nationality and Citizenship, P.O. Box
N-7147, Nassau, Bahamas.





NOTICE


Pursuant to the provisions of Section 137 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that:-

(a) ARINETHA CORPORATION LTD. is in
dissolution;

(b) The date of commencement of the dissolution
is the 12th day of November, A.D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308
East Bay St.



C.B. Strategy Ltd.
LIQUIDATOR





NOTICE


Pursuant to the provisions of Section 137 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that:-

(a) MAYSIEJANE INC. is in dissolution;

(b) The date of commencement of the dissolution
is the 30th day of October, A.D., 2009 and

(c) the Liquidator is C.B. Strategy Ltd., of 308
East Bay St.




C.B. Strategy Ltd.
LIQUIDATOR


FG CAPITAL. MARKETS
h,^ff ROYAL FIDELITY ^ Fs

4 F , A L. ':. CZ [. ILc 1 r 4 A i.
TUIESDA,Y J.,NLIARY 210l
EI -SX -LL -S 1 - I f. Im1 ..(.L _I- - t1e i i _ I (..I I 'i " - i I I TI I I 1 1D T - T il
FINCIE : " -LO(C E . ' I T IL * * I -'"= 1_ 1
WWW.BISXBAHAMAS.COM i TELEPHONE:242-323-2330 | FACSIMILE: 242-323-2320
1 49 103 AML Foods Limited 117 117 000 0127 0000 92 000%
1075 990 Bahamas Property Fund 1074 1074 000 0992 0200 108 1 86%
700 577 Bank of Bahamas 590 590 000 0244 0260 242 441%
063 063 Benchmark 063 063 000 0 877 0000 N/M 000%
3 49 315 Bahamas Waste 315 315 000 0125 0090 252 286%
215 2 14 Fidelity Bank 2 37 2 37 0 00 0 055 0 040 43 1 1 69%
1395 9 63 Cable Bahamas 999 999 000 1406 0250 71 250%
2 88 2 72 Colina Holdings 2 72 2 72 000 0249 0 040 109 1 47%
7 00 500 Commonwealth Bank (S1) 700 700 000 0419 0300 167 429%
365 221 Consolidated Water BDRs 288 279 009 0111 0052 251 186%
2 55 1 32 Doctors Hospital 2 55 2 55 000 0625 0 080 41 3 14%
780 594 Famguard 6 49 6 49 000 0420 0 240 155 3 70%
11 80 875 Finco 928 928 000 0322 0520 288 560%
1045 980 FirstCanrbbean Bank 999 999 000 0631 0350 158 350%
553 375 Focol(S) 477 477 000 0326 0150 146 314%
1 00 100 Focol Class B Preference 1 00 100 000 0000 0000 N/M 000%
030 027 Freeport Concrete 027 027 000 0035 0 000 77 0 00%
613 500 lCD Utilities 559 559 000 0407 0500 137 8 94%
1050 995 J S Johnson 995 995 000 0952 0640 105 643%

52wk-HI 52wk- Low Security Symbol Last Sale Change Daily Vol Interest Maturity
1000 00 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
1000 00 1000 00 Fidelity Bank Note 15 (Series D) + FBB15 100 00 0 00 Prime + 1 75% 29 May 2015
1460 7 92 Bahamas Supermarkets 1006 11 06 14 00 2 246 0 000 N/M 000%
8 00 6 00 Caribbean Crossings (Pref) 200 6 25 4 00 0 000 0 480 N/M 7 80%
0 54 0 20 RND Holdings 0 35 0 40 0 35 0 001 0 000 256 6 000%
Colina Over-The-Counte-r Securities
41 00 2900 ABDAB 3013 31 59 2900 4540 0000 903 0 00%
0 55 0 40 RND Holdings 0 45 0 55 0 55 0 002 0 000 261 90 000%
BISX Listed Mutual Funds
52wk-HI 52wk-Low Fund Name NAV YTD% Last 12 Months Div$ Yield % NAV Date
1 4160 1 3419 CFAL Bond Fund 1 4160 462 553 31-ct-09
3 0351 28266 CFAL MSI Preferred Fund 28552 2 88 3 92 30Nov09
1 5071 1 4326 CFAL Money Market Fund 1 5071 512 520 25-Dec-09
33201 29343 Royal Fidelity Bahamas G & I Fund 29618 1252 1521 31 -Oct-09
13 2400 12 6816 Royal Fidelity Prime Income Fund 13 2400 4 93 5 90 31 -Oct-09
103 0956 100 0000 CFAL Global Bond Fund 103 0956 3 10 2 52 30-Sep-09
1000000 99 4177 CFAL Global Equity Fund 994177 312 276 30-Sep-09
10804 1 0000 FG Financial Preferred Incoe Fund 1 0804 432 526 31-Oct-09
10364 1 0000 FG Financial Growth Fund 1 0269 0 59 -019 31-Oct-09
1 0742 10000 FG Financial Diversified Fund 1 0742 356 442 31Oct09
9 4740 9 1005 Royal Fidelity Bah nt Investment Fund 9 4740 4 17 4 18 31 -Oct-09
10 6301 10 0000 Royal Fidelity Bh Int' Investment Fund 10 6301 6 30 6 30 31 -Oct-09
7 4613 4 8105 Royal Fidelity Inl Fund - Equities Sub Fund 7 4613 35 40 29 64 31 -Oct-09
MARKET TERMS
Bi ALL SHARE INDE 19 De 02 = 100000 ILD - t 12 month diidends diided by losing prie
Pr.ous close -Previous day's lighted price for daly volume Last Pice -Last trded over-the-counter price
Today's Close -cueat day's lighted price for dally volume weekly Vol -Td.ng volume of the prorwek
Change Change in osing pnce f dayto day EPS $ A copans poed eamings persha for the last 12 ths
Daly Vol Number of total shares traded today NAV Net Asset Value
DIV $ - Dividends per share pai d in the last 12 months NM Not Meaningful
P/E Closing pnce divided by the last 12 month earnings FINDEX tThe Flidety Bahamas Stock Index Januay 1, 1994 = 100
S) - 4-for1 Stock Split -Efetive Date 8/8/2007
(S1) - 3-for1 Stock Split - Effective Date 7/11/2007
TO TRADE CALL. CFA.L 242-502-7010 I IROYVALFIPELITY 242-.-36-7764 I F1 CAPITAL MARKETS 242-396-4000 I COLONIAL 242-502-7525







+


THE TRIBUNE


THURSDAY, JANUARY 7, 2010, PAGE 11B


Winter blast sends oil prices to 14-month high


NEW YORK

Snow, ice and wind wreaked havoc on
energy markets Wednesday, where a barrel
of oil topped $83 for the first time since the
fall of 2008, according to Associated Press.
Benchmark crude settled up $1.41 at
$83.18 a barrel on the New York Mercantile
Exchange, the highest close since Oct. 9,
2008.
Two fronts sent oil prices rocketing, how-
ever, the second being divisions among Fed-
eral Reserve policymakers over extending a
program to bolster the U.S housing industry.
That sent the dollar sliding to three week
lows, and crude prices to a 15-month high.
It could be a worrisome harbinger for con-
sumers, who saw oil prices double last year
for much the same reason.
When the dollar falls, it makes oil more
affordable for anyone investor holding a
stronger currency because crude is bought
and sold in dollars.
According to the minutes released
Wednesday from a closed-door Fed meeting
in December, a "few members" believed
that the $1.25 trillion program to buy mort-
gage securities from Fannie Mae and Fred-
die Mac might need to go on past the current


.(AP Photo/Charles Krupa)
JASON KILPATRICK of Wholesale Fuel heads back to his truck after making a delivery of home heating
oil in Framingham, Mass., Tuesday, Jan. 5, 2010. One of the worst winter blasts in years could not obscure
the enormous amount of crude and gasoline the U.S. has in storage and most energy prices began to give
way Wednesday, Jan. 6


cut off date of March 31. Within 5 minutes of
that information being released, crude prices
jumped about a quarter to above $83 a bar-
rel. Prices were already rising as dangerous


temperatures knocked fruit from vines in
Florida and made driving treacherous in
New England.
The Fed minutes and Arctic air easily


trumped a surprise report Wednesday from
the Energy Information Administration that
showed the supply of crude and gasoline is
growing in the U.S.
The amount of gas placed into storage
last week was three times greater than what
was expected by energy analysts polled by
Platts, the energy information arm of
McGraw-Hill Cos.
That hasn't stopped gasoline prices from
rising as a sharp uptick in crude prices pulls
pump prices along.
By the weekend, the national average
retail price for a gallon of gasoline in the
U.S. will top $2.70, predicted Tom Kloza,
publisher and chief oil analyst at Oil Price
Information Service.
That would be a rough start to the year for
U.S. consumers. Prices never hit that high
last year, even during the peak of the driving
season over the summer.
In other Nymex trading in February con-
tracts, heating oil rose less than a penny to
settle at $2.2032 a gallon. Gasoline rose 1.16
cents to settle at $2.1366 a gallon. Natural
gas futures rose 37.2 cents to settle just
above $6. In London, Brent crude for Feb-
ruary delivery rose $1.30 to settle at $81.89
a barrel on the ICE Futures exchange.


THE EA INSURANCE MANAGEMENT
THE WEfATHER~ REPORT O(BAHAMAS) LIMITED
T HE WEATHER E*** PO T *INSURANCE BROKERS & AGENTS


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ITDISCS TRE NTIS PAG LOG N0TO WW.TIBUE22CO0


T1~7


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The Tribune


RELIGION


Thursday, January 7, 2010 * PG 35


Baptist conference aims



to uplift the country and



boost the economy


Theme for 2010

' o .. * WItd mu i i


By REUBEN SHEARER
Tribune Features Reporter
rshearer@tribunemedia.net


THE SUM of $30,000 has
been pumped into what is
being called the biggest
gathering of local and inter-
national Baptists for the
49th Annual West Indies
Baptist Fellowship (WIBF)
conference starting January
18.
The gathering has been held in over
16 different Caribbean countries to-
date, and this year the Bahamas plays
host for the third time in the confer-
ence's 49 years.
Over 200 hundred delegates will
travel from as far as Aruba, Curacao
and Trinidad in the South, from the
Cayman Islands and Jamaica in the
West, Barbados in the East, and
United States in the North, and of
course from the islands in between, to
attend the week-long of event.
Meetings will begin on January 18,


and the public is asked to attend the
gatherings which will be held in the
mornings from 9am to 12.25pm at the
New Testament Fundamental
Independent Baptist Church on New
Testament Way and Dolphin Drive in
Highland Park.
The evening services will begin each
evening at 7pm and will be held at the
BCPOU Hall on Farrington Road.
"We want God to be promoted and
for Him to be actively and directly
involved in our lives so that our
nations would be affected in a major
way," said Dr David Adams, pastor of
the host church (New Testament
Baptist Church) for the event.
"In years gone by when a revival
swept a town crime came to a halt,
houses of prostitution and gambling,
liquor stores were closed down," said
Dr Adams.
He hopes the Bahamas and other
participating countries will see a simi-
lar revival.
There will be a variety of Caribbean
speakers each day and night, who will
set conference-goers "strong spiritual
challenges."
The objectives for the conference
are two-fold -


1. For the spiritual horizon of
Baptist attendees to be broadened.
"The Bible teaches that the spiritual
life of the Christian has direct correla-
tion to the social and physical situa-
tions going on in our lands," said Dr
Adams.
2. To showcase the Bahamas as the
greatest country in the world, to boost
the economy.
"We want to make sure that we give
our visitors a great Bahamian experi-
ence," said Dr Adams.
"And they in turn will go back to
their homes and influence others to
choose the Bahamas as their place of
vacationing."
"A lot of preparation went into the
booklet that we have made for
guests," said Dr Adams. "The booklet
is special because it has information
taken from the Bahamas Handbook
about the Bahamas."
Organisers have designated days for
tours of the island and other events so
that the visiting delegates can experi-
ence the beauty and culture of the
country.
WIBF was started in 1962 by a small
SEE page 39


701W - 0000-1







PG 36 * Thursday, January 7, 2010


RELIGION The Tribune


Nassau Methodist



Church hosts business



coach Joel Freeman


By JEFFARAH GIBSON


AT a time when people are
more concerned than ever
about their financial futures, the
Nassau Methodist Church has
decided to assist its members by
providing them with professional
advice.
Tomorrow starting at 9am at the
Casuarinas Hotel on West Bay Street,
the Nassau Methodist Church will host
successful business coach and motiva-
tional consultant Joel Freeman.
In an interview with Tribune Religion,
Mr Freeman said that this seminar is
very timely, and will show attendees
how to take a blossoming idea and turn
it into a product.
"With this seminar I hope to provide
persons with an overview, showing
them how to take an idea from the mind
to the market place," he said.
"There might be people who have
great ideas. For instance, there might be
a musician who probably has about 13
singles, and then what? So hopefully
they will be able to take something from
this seminar and run with it," he said.
He also said that the seminar wel-
comes all, from those just starting out as
entrepreneurs to the seasoned profes-
sionals.
Mr Freeman said that while most
seminars of this kind aim to sell a prod-
uct, his is "75 per cent education and 25
per cent inspirational."
"People can benefit greatly from this
seminar. I will discuss how the 'idea fac-
tory' can help persons expand their
business enterprise, the science of bar-
tering and its benefits, and branding
concepts that will put persons into a
personal creative zone," he said.
In addition, persons will also learn
how to enhance individual and group
success as well as learn how to fight
against jadednesss" and complacency in
business and personal relationships, he
said.
This is Mr Freeman's first time visit-
ing the Bahamas, but he already
describes himself as "Bahamas crazy".
He said he is thrilled about the oppor-
tunity to share the knowledge he has
gathered over the years which could
help open doors for others.


"The seminar becomes something
everyone can benefit from. I am giving
a lot of good information and I am
hoping that attendees leave with their
heads and their hearts filled with
information," Mr Freeman said.
"Dealing with God's people who
drive you crazy" is another seminar
Mr Freeman will be hosting during his
time in Nassau and this will take place
on Saturday at 9am.
This seminar, he said, gives persons
the chance to examine themselves in
ways that will help them develop skills
conducive to enhancing individual
identity.
"There is a special focus on looking
within. We will take a look at the inter-
nal issues that we often deal with. We
will also discuss different personality
styles, vulnerability and ways that we
can turn that same vulnerability into
strength," Mr Freeman said.
"Then we will take a look at an
external aspect of things. So basically
people can expect to be equipped with
lifetime tools that have the ability to
bring them success."
Although there is special focus on
persons in leadership positions, "every
and anyone can come out, the youth
leaders, persons that work in cleaning
areas, or persons who work in the
kitchens, so it is open to all persons,"
he said.
On Sunday, Mr Freeman will preach
to the members of the Nassau
Methodist Church.
Afterwards he will present his 45-
minute award winning film entitled 'A
Return to Glory: A White's Man's
Journey Into Black History'. This
focuses on Black history, the Bible
and its modern application.
Born in Maine and raised in a small
town in Alberta, Canada, Mr Freeman
is an accomplished author, interna-
tionally sought-after conference
speaker and workshop facilitator, pro-
fessional counsellor, success coach,
behavioral analyst, corporate trainer,
and a organisational culture change
specialist.
The film presentation will also be
held at the Casuarinas Hotel. The
entrepreneurial seminar will be held at
the Epworth Hall at Ebenezer
Methodist Church on Shirley Street.
For more information call 326-1677.


MOTIVATIONAL consultant Joel Freeman will speak at a seminar hosted by the Nassau
Methodist Church.







The Tribune


RELIGION


Thursday, January 7, 2010 * PG 37


New Year's Eve Eucharist at a historic church


AS 2009 came to a close, Cat
Islanders got ready for their annual
New Year's Eve church celebrations.
But this year, the Anglican Church
in Cat Island would hold a Eucharist
celebration like none other in the
Bahamas.
Each year scores of Anglicans
assemble in their respective churches
where a service is held for people who
reside in Cat Island.
But this New Year's Eve all
Anglicans who did not leave the
island to spend the Christmas holi-
days in Nassau with their families
converged and congregated at the
church of St Mary the Virgin in Old
Bight.
Many modern-day Bahamians
hearing the name of the above men-
tioned church would not realise or
recognize the importance or signifi-
cance of this edifice.
Enshrined in the wall of this church
a plaque bears this inscription: "To
the glory of God erected in memory
of Blayney Townley Balfour, Townley
Hall, Ireland, Governor of this said
Bahamas at the passing of the
Emancipation Act 1834, by his widow
commending him to the prayers of all
who minister at this altar or worship
in this church."
"This was the only bastion of hope
to the now free slaves who resided on
the Isle of Cat," Father Chester
Burton, priest in-charge of Anglican
Churches in Cat Island, said.


CAT Island Anglicans celebrate New Year's Eve in a service at St Mary the Virgin Church
in Old Bight.


"The significance and proceeding
events emanated and resounded
throughout the fabric of Bahamian
landscape. It meant that all people of
colour were now free."
The church of St Mary the Virgin
lay in a dilapidated state from June
2002 to December 2009.
It had no roof for seven long years.
Fortunately, after an Anglican


Church men's group from St Jude's in
Freeport came in mid-2009 and erect-
ed the roof, the mammoth task of
restoration began. Members were
elated to be moving back into the
church to celebrate services like those
of many years ago.
So on New Year's Eve night at the
stroke of 10.30pm members and well-
wishers, as well as those who just


wanted to witness history being made
in the Cat Island Anglican Church,
gathered at St Mary the Virgin to join
in the Christmas carolling pre-service.
Then, at 11pm, the Eucharist serv-
ice began. The introit hymn,
"Through all the changing scenes of
life", was sung and voices joined
together in celebration of the church's
restoration.
Father Burton had promised at a
vestry meeting held in November that
there would be a Eucharist service for
New Year's Eve at St Mary in Old
Bight.
It was mandated in the Anglican
Diocesan Synod 2009 by Bishop
Laish Boyd, that when churches are
planted there should be some con-
certed effort made by the rector,
vestry and people to bring new mem-
bers to the fold.
"From Emancipation to the present
day the vision and values of people of
colour have not changed," Father
Burton said.
He said he especially valued the
historic moment of the reopening of
the church because St Mary's pro-
posed rededication date is August
2010. After the concelebrated
Eucharist, church members enjoyed
fellowship at a souse fete, after which
they watched as a fireworks display lit
up the night sky. Father Burton
thanked Catechist Cedric Wilson who
could not be present for spearheading
the restoration work.


r EI T IO Ik


Our gifts f -'


This is the time in the Church's year
when we think of the journey of the
wisemen or magi to find the Christ-
child.
They follow a star for quite some
time until they are able to present their
gifts to this newly born King.
Our life is a journey that also
involves following leads, selecting a
destination and the offering of gifts. Let
us explore this further.
When we are born, we follow the
example of the significant adults in our
life.
This is why all adults have the
weighty responsibility of nurturing the
next generation by engaging in whole-
some and godly life-styles.
As we grow, we select friends who
will influence us, and model ourselves


RE\ XN(GELA

P LA( It )I is


after teachers whom we have come to
admire.
Eventually, we either make a deci-
sion to follow God, or advertisements
that flaunt a materialistic and con-
sumer-oriented vision, or some guru
who attests to being god, or any other
"star" that appears (movie, rock,
sports).
In following the star, the magi went
towards the east until they arrived in
Bethlehem.
We, too, have to determine our life
direction and the final destination that
we hope to attain. If it is heaven, then
there are certain guides and guidelines


that we have to follow, or we will
become hopelessly lost.
The Word of God is a bright light
that reveals who God has been, is, and
wants to be in our generation. Prayer is
the ongoing contact that we maintain
with 'heavenly headquarters' like a
walkie-talkie system that enables us to
be directed by the will of God.
Worship occurs every time we stop
and remember who it is that loved us
enough to send a son to be born among
us, live with us, die for us, and be resur-
rected to raise us up at the last day.
The gifts we bring to God are our
lives, including our relationships,
labours, finances, talents and every-
thing else that come from God in the
first place.
The gifts we give to each other are
determined by need and generosity.
What do you think that parents,
spouses, children, friends, colleagues
and others wish most from you as a gift


to them in their present season of life?
I would venture to suggest the fol-
lowing as a way to begin your list:
1. Parents: Respect, gratitude, obedi-
ence (where appropriate), and concern.
2. A spouse: Faithfulness, forgive-
ness, sensitivity, intimacy and compan-
ionship
3. Children: Love, appreciation,
understanding and discipline with fair-
ness..
4. Friends: Loyalty, affirmation and
confidentiality.
5. Colleagues: Hard-work, affability,
and honesty.

There are others who are looking to
us for gifts as well and need our ongo-
ing generosity: The sick, lonely,
bereaved, imprisoned, orphaned, and
destitute.
Jesus says what we do for this group
is what we do for him because they can-
not reciprocate. Become a gift today.




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