N N A A S S S S A A U U A A N N D D B B A A H H A A M M A A I I S S L L A A N N D D S S L L E E A A D D I I N N G G N N E E W W S S P P A A P P E E R R C M Y K C M Y K V olume: 106 No.285MONDAY, NOVEMBER 1, 2010 PRICE 75 (Abaco and Grand Bahama $1.25 WEATHER MOSTLY SUNNY HIGH 86F LOW 72F I N S I G H T SEEINSIGHTFRONTSECTION S P O R T S Forgotten Dreams SEEPAGE15 Champion Falcons flying high By TANEKA THOMPSON T ribune Staff Reporter firstname.lastname@example.org F IVE men were being q uestioned by police last night after a man was fatally stabbed outside the entrance of a club on East Bay Street early yesterday morning. The 20-year-old victim, whose identity was not r eleased, was attacked at around 4.30am outside Club Illusion, police said. Police were told the victim w as standing outside the club when he got into an argument with a group of people and was stabbed in his upper right arm during the fight. The young man was taken to hospital by private vehicle, but died a short time later. Superintendent Leon Bethel, head of the Central Detective Unit, said: "We are following some leads. We are talking to all of the persons who would have been around the club. We are hoping to get some results pretty soon. Shortly after the stabbing, police returned to Club Illu sion after claims that gunshots were being discharged. It was also reported personsw ere causing damage to vehic les in the area. Upon searching a nearby apartment, police recovereda handgun, ammunition and an undisclosed amount of cash. As a result, police arrested t hree women aged 27, 24, and 21, and two men aged 35 and 41. Two of the women weres aid to be from Atlanta, Georgia. In January, a patron was stabbed in the back during an early morning fight with a group of men outside the club. His injuries were not fatal. In 2008, the club's owner an American named Eyal "Al" Dulin was beaten in his Coral Harbour home and threatened with death if he did not leave the Bahamas. Mr Dulin had just re-opened the establishment under the name, "Illusion". Investigations into both matters are ongoing. 20-y ear-old man dies in hospital The Tribune THEPEOPLESPAPER BIGGESTANDBEST BAHAMASEDITION McCOMBO OF THE DAY N E W www.tribune242.com I N S I D E SECTIONINSIDE Real Estate ABOVE: Commissioner Greenslade along with IACP 2nd Vice President Wait McNeil at the dias. Five quizzed over club stabbing death By AVA TURNQUEST Tribune Staff Reporter email@example.com POLICE are investigating a spate of armed robberies that occurred over the Halloween weekend. Crime prevention advisories issued last week, which highlighted the criminal opportunity the popular tradition affords, proved ineffective for at least four people and two establishments, which were all robbed at gunpoint. The crime spree began just after 6pm on Friday, when two masked men armed with handguns held up the Dig Again building supply store on Lobster Avenue, in the Golden Gates area. They made off with cash and fled the area in a champagnecoloured Chevy Envoy. COMMISSIONER Ellison Greenslade has been appointed chairman of the Central America and Caribbean world regional office at a recent meeting of the Interna tional Association of Chiefs of Police. In this new role, Commissioner Greenslade will be responsible for overseeing and putting into effect the international programmes and activities of the International Asso ciation of Chiefs of Police (IACP America and Caribbean world region. He will also assist in making the international policing community an ideal forum for network ing, exchanging ideas, capitalising on lessons learned, and furthering professional growth. In addition, Superintendent Stephen Dean and Assistant Superintendent Loretta Mackey have been appointed to the IACPs sub committee on community policing, with Inspector Zhivargo Dames appointed to the IACPs communications and technology committee. US Vice President Joe Biden was the keynote speaker at the this years 117th IACP convention in Orlando, Florida. The IACP is the worlds old est and largest association of law enforcement exec utives, and was founded in 1893. It has more than 20,000 members in 100 countries. Addressing the body following his appointment, Commissioner Greenslade said the Royal Bahamas Police Force is committed to the goals and objectives APPOINTMENT: Commissioner Greenslade (third from right sits on the dias with other special guests during USVice President Joe Bidens address. B y DENISE MAYCOCK Tribune Freeport Reporter d firstname.lastname@example.org MORE than 1,000 memb ers of the Bahamas Union o f Teachers lost their medical insurance cover last night, BUT President Belinda Wilson has confirmed. The union scrapped the self-funded medical schemef ollowing a lack of interest among the 4,000-strong membership. Today, it is very sad for us to announce that effective Sunday, October 31, 2 010, on midnight, the BUT s elf-funded medical insurance plan which we operatM ORE THAN 1,000 BUTMEMBERS LOSE MEDIC AL INSURANCE SEE page 19 SPATE OF ARMED ROBBERIES OVER WEEKEND SEE page 19 By AVA TURNQUEST Tribune Staff Reporter email@example.com POLICE have pledged an increased presence within the community following a number of shootings which left three people recovering in hospital today. The first incident was said by police to be the result of an attempted armed robbery on Saturday afternoon. A woman was shot in her right hand after she resisted three men who tried to rob her of her jewellery. The victim was dri SHOO TINGS LEA VE THREE PEOPLE IN HOSPIT AL SEE page 19 SEE page 19 C OMMISSIONERAPPOINTEDTO TOPREGIONALROLE
B y DENISE MAYCOCK T ribune Freeport Reporter d firstname.lastname@example.org F REEPORT: The Sweetings Cay All Age School was put in the national spotlight when Minister ofE ducation Desmond Ban n ister commended staff and pupils for achieving 100 per cent passes in the national BJC examinations. This was Mr Bannisters f irst trip to Sweetings Cay since his appointment as Minister of Education. I am especially pleased t o be at the Sweetings Cay All Age School to celebrate t he success of the school during the last two academic years, but particularly this year, he said. Today, I am pleased to c ongratulate the school for t he remarkable accomplish m ent in this years BJC e xam; each student was able to obtain 100 per cent passes in six subjects, includingM ath and English, and two s ciences. Mr Bannister praised the f ive graduates, teachers, and principal Balram Dhani for such outstanding results of 19 As, nine Bs and two Cs in the national exams. Its a phenomenal a chievement, and one that w ill put the national spotl ight on you so others can s ee and seek to acquire this f ormula for success, he said at the schools commencement exercise at St Michaels Anglican Church. The Sweetings Cay All School has an enrolment of 40 students, and for the past t wo years, the school has maintained a very high success rate in the BJC. M r Bannister reported t hat in the 2008 exams, stud ents sat six courses for the first time and achieved a 96 per cent success rate; in2 009, the second group obtained a 90 per cent rate. This years graduates, M onica Duncombe, Rashad M itchell, James Strachan, Janet Pyfrom and Elvan Feaster sat and passed six exams, including Englishl anguage, general science, health science, religious studies, social studies andm athematics. James Strachan was the top achiever, receiving five As and one B. M r Bannister told the g raduates that being at a small school is not a disadvantage, but rather an advantage of having an opportunity to receive indi vidualized attention that stu-d ents in some of the larger s chools would not be ale to g et. It matters not whether students are at a school of 30 students or 1,300 students, all of us have a role to play in our national devel opment. Your results show that y ou are just as talented as children anywhere else in the Bahamas. The education minister said the school in Sweetings Cay is an example of the kind of academic success t hat all schools should strive t o achieve. He was impressed with t he commitment of the t eachers and the principal w ho came in on the weekends and holidays to tutor their students. At this school you have e stablished a culture of success. I believe you will transfer this culture of excellencet o other school in Grand Bahama, New Providence, and the Family Islands. And, once the phenome nal success of your school h its the news today, the entire nation will be watch-i ng little Sweetings Cay as t he school of excellence. Just imagine the entire Bahamas trying to be like your school. Students taking BJC this year need to be aware that they cannot slack off, students who came before them have started a new tra dition of excellence. Minister Bannister noted t hat this year the Ministry O f Education has seen sign ificant improvements in the national examinations. This year we realized the biggest improvements in the BJC and BGCSE results we have ever seen in the history of the examinations, he said. C M Y K C M Y K LOCAL NEWS PAGE 2, MONDAY, NOVEMBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM b RII T OPCLASS: S een from left front a re, retired District Superintendent Hezekiah Dean, Sweeting's Cay All Age graduates Elvano Feaster, Monica Duncombe, Rashad Mitchell, Janet Pyfrom, James Strachan, and Principal Balram Dhani. Back row from left are District Superintendent JulianA nderson, High Rock MP Kenneth Russell, BUT president Belinda Wilson, and Minister Desmond Bannister. School makes the grade with 100 per cent passes PRAISE: Minister of Education Desmond Bannister speaks at Sweetings Cay All Age School ABOVE: James Strachan was the top achiever, receiving five As and one B. PRINCIPAL: Balram Dhani (right Desmond Bannister. V andyke Hepburn / BIS
C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, NOVEMBER 1, 2010, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM A LOCAL pharmaceutical distributor has announced the immediate recall of obesity drug Raductil following its withdrawal from US and Canadian markets at the request of US federal health regulators. After 13 years on the market, the brand name prescription weight-loss medication, which uses the chemical sibutramine hydrochloride, was voluntarily withdrawn last month by manufacturer Abbot Laboratories. The US Food and Drug Administration (FDA was based on a six-year clinical trial which evaluated the diet drugs cardiovascular safety in high-risk patients, highlighting the risk of heart attacks and strokes. In a press statement, wholesaler Nassau Agencies Ltd advised customers to return the prescription alternatively branded as Meridia for credit. The statement read: While Abbott believes sibutramine has a positive risk/benefit profile in the approved patient population, the company will comply with the FDA's request, and this decision will include the Bahamas." Pharmaceutical distributor announces recall of drug WANT TO GO HOME Pleading for his master to come and get her, this dog was one of the many Eastern Road dogs frightened Saturday night by the firecrackers of Halloween-celebrating neighbours. This nice dog, said Melissa Maura, an Eastern Road resident, was terrified by the bangs Saturday night and was running terrified through my neigbourhood. Shes creamcoloured, in good condition and has a black collar. Anyone who recognises this dog, who is anxious to find her master, should call Ms. Maura at telephone 324-7392. Ms Maura said that another friend has contacted her to say that she too has taken in a frightened dog and would also like to find its owner. If there is another owner missing a dog, they can also phone Ms Maura who might be able to help. By DENISE MAYCOCK Tribune Freeport Reporter email@example.com FREEPORT: BUT President Belinda Wilson hopes an amicable resolution regarding leadership concerns at the Walter Parker Primary School will be reached soon. Ms Wilson met with teachers last week at the school in Freeport where an audit is under way into the financial management at the institution. Teachers and school board members have expressed concerns regarding the recent transfer of an education official at WPP. We have been dealing with the WPP matter now for several weeks, Ms Wilson told The Tribune I met teachers last week, and before that the area vice president Quinton LaRoda was meeting with them for several weeks. Teachers had some concerns and those were brought to the attention of the Director of Education, the Permanent Secretary and the Minister of Education, and we hope in short order we will have an amicable resolution, she said. When asked if the removal of an education official was being considered, Ms Wilson said: I wont go into that because we still have further discussions. While in Grand Bahama, Minister of Education Desmond Bannister refused to comment on the issue of leadership at WPP. am not going to speak about the Walter Primary School, he told The Tribune I am here to speak about the positive things that are happening in Education. The WPP is considered one of the crown jewels of primary schools in Grand Bahama, and the country. In September, Opposition members met with teachers at the school regarding the leadership. Last week, Permanent Secretary in the Ministry of Education Elma Garraway confirmed an investigation is under way into the financial management. All matters related to money and finances and the financial management of the principal at the WPP are now under an investigation. We are having all documentation audited, said Ms Garraway told The Tribune The removal of Walter Parker Primary from the portfolio of district superintendent Sandra Edgecombe was also a shock to teachers at the institution. According to reports Minister Bannister stated that Mrs Edgecombe was removed for professional differences, and that responsibility of the school was transferred to district superintendent of high schools Julian Anderson. BUTchief hopes for amicable resolution at primary school HOPES: Belinda Wilson POLICE are searching for an arsonist who set fire to a restaurant in the Malcolm Road area. Around 2.20am on Saturday, police were called to Iras Backyard Restaurant & Bar located on Mutton Fish Drive, off Malcolm Road. The Royal Bahamas Police Force's Fire Services unit responded and found the restaurants storage room engulfed in flames. Firefighters managed to contain the flames to the storage room. The restaurant was not damaged. Police suspect arson as the cause of the fire and are investigating the incident. The restaurant is owned by rake 'n scrape artist Ira Storr, part of musical group The Spank Band. ARSONIST SETS FIRE TO RESTAURANT ONE of the remaining straw vendors held in New York was released on her own recognisance after her bail hearing last Friday. Marvette Fergusons trial date has been set for November 9. She is one of the nine Bahamian straw vendors arrested and charged with conspiracy to defraud the United States. S TRAW VENDOR GETS TRIAL DATE IN NEW YORK DOG FOUND AFTER RUNNING FROM FIRECRA CKER BANGS INGRAHAM TO ATTEND FUNERAL OF BARBADOS PM PRIME Minister Hubert Ingraham will travel to Barbados tomorrow to attend the s tate funeral of Premier David Thompson who died of cancer. After completing his visit to the Peoples Republic of China today, Mr Ingraham is expected to join other Caribbean heads of governments at Mr Thompsons statef uneral on Wednesday in Bridgetown. Mr Ingraham said the untimely passing of Mr Thompson is a tremendous loss to the region. He said Mr Thompson was a firm believerin the Caribbean community. His dedication to his country and to the region will be his legacy, Mr Ingraham said.
EDITOR, The Tribune. I FINDit incredible that blindly we are willing to throw our support behind Baha Mar, without knowing the full story and further it is incredible that our media do not s eem to be investigative e nough to even ask questions, as to what will be the value o f the concessions, tax breaks f or Baha Mar? M y rough calculation at the minimum, this will exceed US$2 billion when you cons ider the exemption from C ustoms, stamp taxes, what g overnment will have to put i n costs to provide utilities ( $48m+), loss of revenue as a result the resort will not be b ringing in so many visitors, loss of gratuities to employees, taxi drivers, tour companies, departure taxes at thea irport, resort taxes, use of utilities, casino taxes. Repatriation by the Chinese construction workers of some $400m of their wages over the four-years. H ow many are prepared to make these concessions now? Baha Mar has told us only p art of the story. What does that Burger company ask: Where is the beef? Yes wen eed to know all aspects of w hat Baha Mar is going to cost the public the Public Treasury and how is Baha Mar going to find $49 milliona year to pay the interest in years 1-4 before the build-out is complete? Now during these years, 20ll-2015 there will be a considerable reduction of foreign c urrency earnings, US$, going t o The Central Bank can we afford this is an obvious quest ion? Y es many need work, but a t what cost? If the loss of revenue and tax loss is at this level, $2 bill ion,then surely the Governm ent needs to think carefully. F ools rush in! A BRAHAM MOSS, Nassau, O ctober 27, 2010. C M Y K C M Y K EDITORIAL/LETTERS TO THE EDITOR PAGE 4, MONDAY, NOVEMBER 1, 2010 THE TRIBUNE The Tribune Limited NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI Being Bound to Swear to The Dogmas of No Master LEON E. H. DUPUCH, Publisher/Editor 1903-1914 SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G., ( Hon.) LL.D., D.Litt P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972Published Daily Monday to Saturday Shirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama TELEPHONES Switchboard (News, Circulation and Advertising A dvertising Manager (242 Circulation Department (242 What is value of concessions to Baha Mar? LETTERS l firstname.lastname@example.org Sweetings Cay school lights the way MEETING DATES & VENUESWestern New Providence 7 p.m.,Wednesday, October 20, 2010 at H O Nash School Northern New Providence 7 p.m.,Tuesday, November 9, 2010 at the Ministry of Health Cafeteria, Meeting Street Southern New Providence 7 p.m.,Wednesday, November 10, 2010 at C V Bethel School Eastern New Providence 7 p.m.,Wednesday, November 17, 2010 at Dame Doris Johnson SchoolRegistration forms will be available and refreshments will be served. Youre invited to attendMinister of HealthThe Hon. Dr. Hubert Minnis, M.P.and members of the Drug Plan Team will be in attendance to answer your questions.A Series of PUBLIC MEETINGSonTHE NATIONAL PRESCRIPTION DRUG PLAN EDITOR, The Tribune MY PERUSAL of The Nassau Guardian of Saturday the 23rd October 2010 revealed a letter on page A6 by one Clifford Fernander of San Salvador in support of a letter in the 20th September issue of The Nassau Guardian asking for the erection of a statue of Sir Milo Butler. If I am not mistaken, I have seen a statue of Sir Milo somewhere in Nassau, but it must have been removed to some place else, as I do not recall seeing it lately. What amazes me is calling for statues to be erected in honour of politicians who have not made any real contributions to the advancement or stability of this nation, while those who not only made significant contributions but suffered financial loss and personal abuse for such contribu tions, are never mentioned. The writer claims to be a senior man in San Salvador, but he seems to have his information disjointed and all mixed up, not only about Sir Milo and the nation; but also about San Salvador. He said that Sir Milo blazed a trail for many Bahamians. Please Mr. Fernander, show me that trail because not only have I not heard about it, I simply have no idea where it is. Again, I must rely on my memory, and I stand to be corrected, but the breaking down of the colour barrier and discriminatory practices, not only in the Royal Bank, but many other business establishments in the hiring of persons of colour, came about as the result of a Resolution brought to the House of Assembly by none other than the late Sir Etienne Dupuch in 1956. That Resolution, Mr. Fernander, spelt la fin to discrimination in public places and business establishments in this nation, and Milo B. Butler was not the man that brought it about. As for Christopher Columbus bringing Chris tianity to this part of the world, I do not know about the other countries he visited; but he sure as hell did not bring it to the Bahamas. The only thing that he and his men brought to this country was venereal disease (VD mated the male population by taking all the ablebodied men to Hispaniola (Haiti were worked to death in the mines. If Mr. Fernander is serious about taking Columbus's statue back to his (Columbus it should be taken to Cat Island, for in 1492 the name of Cat Island was San Salvador. The name San Salvador was given to Watling's Island by an act of Parliament in 1927 and the name Cat Island was assigned to the original Island of San Salvador, in honour of William Cat, a famous pirate that lived on the island during the era of piracy in this country. Watling's Island was named after George Watling and his brothers, famous pirates who lived there. He and his twenty-seven member crew were killed in a raid on a silver mine in South America, and so never came back to reclaim the wealth buried on the island. In fact, it is said that their treasure is still there unfound. I am sure that Mr. Fernander, as a senior man in San Salvador, should know of this, and if he does not, he should have a chat with Mr. Deveaux, another senior cit izen of San Salvador, who would know what I am talking about. I would like to run a few names by Mr. Fernander and other persons in this nation who seem to be confused about the persons who were in the forefront of the struggle that brought about the changes that are responsible for the prosperity and growth that we now enjoy. Party politics Henry M. Taylor, Cyril St. John Stevenson, William (Bill) Cartwright (only surviving member of the original group), Urban Knowles, Charles Rodriguez and others. Bringing an end to dis crimination Sir Etienne Dupuch. Creation of Labour Unions Sir Randol Fawkes. The bringing into being of Majority Rule Sir Randol Fawkes and Sir Alvin Braynen. The architect of our monetary system Sir Stafford L. Sands. Educating of the masses and the creation of a number of millionaires of colour Sir Lynden Pindling. Over the years, I have been trying to figure out what criteria are used in this country for naming a National Hero. It would appear that politicians in this country have their own set standard as to what one should do or achieve to be entitled to such an honour. It would appear that bandwag goners in political entities are always the ones who enjoy the gravy. ERRINGTON W. I. WATKINS East Park Estates, New Providence. A statue for what? AT THE beginning of this year economist Ralph Massey, who did much of the research for the 2005 Coalition for Educa tion report, warned that the high failure and illiteracy rates in the public education system, were not only an embarrassment and severe national handicap, but t hreatened the Bahamas economic growth. He pointed to the European Unions strategy paper for the Bahamas between 2008-2013, which observed that high unemployment levels had persisted in this country despite increased foreign direct investment levels. The need for skilled labour was not being filled by Bahamians. This was forcing e mployers to bring in workers to meet a shortage of qualified Bahamians at all skills levels. The uncomfortable truth, wrote Mr Massey at the time, is that the countrys academic failure prevented it from achieving fully its welfare objectives for its own citizens. In a highly competitive world, and with r apidly changing technology, the high fail ure and illiteracy rate in Bahamian public education remains a national handicap. These realities global competition and changing technology are particularly daunting in the case of the Bahamas, because it is a small country with a limited array of physical resources, Mr Massey wrote. N othing much has changed. Employers are still challenged with not enough qualified Bahamians in certain fields to satisfy the job market. However, Education Minister Desmond Bannister, himself a former educator who knows all the pitfalls and challenges, is working hard to change the study and work ethics of the next generation. In an address i n August at the William B Johnson Audi torium on Joe Farrington Road, where he emphasised what was expected of teachers, parents and students, he noted that after wallowing for so many years as failed Ds and lower, students were now starting to inch upwards. Never before have so many Bahamian students attained grades of C or higher on five or more BGCSE subjects, and I am pleased to say that our public schools have led the way by showing the most dramatic i ncreases in passes in history, he told his audience. However, at the end of the very dark educational tunnel there is a small glimmer of hope for the future. This comes not from a school in New Providence, but from a tiny government all-age school on Sweetings Cay, Grand Bahama. Each of the five Sweetings Cay students o btained 100 per cent passes in six subjects English language, Mathematics, general science, health science, religious studies and social studies. In these national exams, they received the following grades: 19 As; 9 Bs and 2 Cs. James Strachan was the top achiever, with five As and one B. The all age school has an enrolment of 40 students. I n the 2008 exams the students sat six courses for the first time with a 96 per cent success rate. In 2009 the second set got a 90 per cent score. This year the score was 100 per cent. It would seem that all the ingredients of success are there students keen to learn, teachers keen to inspire and teach, and parents willing to give home support and e ncouragement. At this school the teachers and Principal Balram Dhani show up on weekends to tutor their students without any extra remu neration. As Mr Bannister pointed out, Sweetings Cay All Age School has established a cul ture of success. It is hoped that their achievements will i nspire other educators and students to fol low the trail they are blazing. There is hope for the future if this keen ness for education can take root throughout our archipelago. Unless something is done and done soon there is going to be a terrible accident at the traffic light controlling the flow of traffic from the Eastern Road into Shirley Street and from Village Road into Shirley Street, located off the Montagu foreshore. This light has an off-on existence. About two weeks ago we thought we would congratulate whoever is responsible for having it functioning again. But we held back for fear of putting mouth on an achievement. Well, as we feared, not only is it off again, but earlier in the week as three-way traffic met head on in the middle of the road drivers had to decide which one would back down so that traffic flow could start again. Earlier in the week the Kemp Road light was also off. What is the problem, particularly with the Montagu light, which prefers to blink rather than hold a steady gaze? Surely there is a technician around who can outsmart its cantankerous ways. Non-functioning traffic lights
KINGSTOWN, St. Vincent HURRICANE TOMAS weakened Sunday after tearing off roofs and downing power lines in the eastern Caribbean. Forecasters said the storm could regain forceand veer toward earthquakestunned Haiti, where some 1.3 million people living under tarps and in tents are vulnerable to heavy rains and wind, according to Associated Press. With maximum sustained winds of 75 mph (120 kph Tomas was barely a hurricane. The U.S. National Hurricane Center in Miami predicted more weakening during the next 24 hours before it begins to strengthen again around midweek. Daniel Brown, a center forecaster, said Tomas is "likely to strengthen when it's o ver the central Caribbean," and Haiti could be hit by r ains from outer bands in another couple of days. Late Sunday afternoon, Tomas' center was steaming west near 12 mph (19 kph was expected to continue on that track for the next two days, then gradually turn toward the north. Brown said it's too early to say how strong Tomas could be later in the week or if Haiti might suffer a direct hit, but "there's certainly going to be the threat of heavy rainfall" in the impoverished nation, where widespread deforestation and ramshackle homes mean even moderate rains can cause devastation. Aid workers in Haiti fear the worst. Hundreds of thousands of people there haveonly rudimentary shelter nearly 10 months after the Jan. 12 earthquake, and acholera epidemic has killed more than 330 and hospitalized nearly 5,000. "It's just so complex and it's very serious," said Imogen Wall of the U.N. Office for the Coordination of Humanitarian Affairs. "We are so stretched already with the cholera, and we are run ning a daily earthquake response as well." Two deaths and a few injuries were reported from Tomas in a cluster of islands at the Caribbean Sea's eastern entrance. Authorities in St. Vincent and the Grenadines said two workers were hospitalized after they were blown off a roof by high winds. St. Vincent Prime Minister Ralph Gonsalves said fierce winds tore roofs from scores of homes and more than 1,000 people sought emergency shelter as the islands plunged into darkness. Widespread flooding triggered landslides that cut off as many as 30 roads, marooning hundreds of residents. On the nearby island of St. Lucia, high winds ripped the roofs off a hospital, a school and a stadium and toppled a large concrete cross from the roof of a century-old church, government officials said. A landslide blocked a main highway linking the capital to the island's south. At least 20,000 people were without power on Martinique, and streets flooded and tree branches were down. A cruise ship carrying nearly 2,000 tourists docked instead in Dominica. Tomas earlier toppled power lines and damaged houses in Barbados as a tropical storm. In Haiti, food and fuel were being stockpiled in southern areas expected to be most directly affected by Tomas, and emergency shelter materials were being distributed to the camps in Portau-Prince. But with no shelters or organized evacuation plans and for most people, nowhere to go Haitians will largely be on their own. Tomas is the 12th hurricane of the season in the Atlantic. C M Y K C M Y K LOCAL NEWS THE TRIBUNE MONDAY, NOVEMBER 1, 2010, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM f n& #'' Haiti braced for Hurricane Tomas S TORMAFTERMATH: A woman walks by damaged power lines and infrastructure after Tomas affected St. James parish, Barbad os on Saturday. (AP
THE most recent publication o f The Global Financial Centres Index released demonstrates the erosion of the Financial Services Industry of the Bahamas, claims PLP MP for Elizabeth, Ryan Pinder. I have frequently stated that we need progressive vision and new policies in order for the F inancial Services Industry in the Bahamas to advance. The Financial Services Industry of the Bahamas as compared to other countries fell five spots in the rankings. What is more alarming, is that as compared to the top 10 Offshore Centres, the Bahamas lost more rating p oints than any of its competitors, and as much as twice as many rating points as some of its competitors. In my opinion, this lost ground is directly attributable to the last three years of missmanagement of the industry by this FNM Government. I have made the point frequently that in such a competitive environment, where global pressures on the industry seem to be comi ng from all directions, government policy with respect to the Financial Services Industry should be aggressive and progressive, not reactive, he said. Instead, however, Mr Pinder said the government over the course of the last three years treated the industry as if it were on autopilot. The Bahamas was not aggressive in its response to international demands for Tax Information Exchange Agreements and the Financial Services Industry has suffered as a result. I made the point that negative perception as a result of the governments slow to r eact attitude is frequently reality in the market place. This is s upported by comments attributable to a Trust Fund Manager from New York when he stated The Caymans and the Bahamas are just not places to be seen doing business right now they still have (probably u nfairly) a dirty reputation. This is a terrible indictment o f the perception of the industry, and a clear reason why the Bahamas has lost more rating points in the Global Financial Centres Index than any other of the top 10 Offshore Centres. The disregard of the Financial S ervices Industry by this FNM government, however, began s hortly after the General Election when this FNM Govern ment dismantled the Ministry of Financial Services. The Ministry of Financial Services under the PLP government was responsible forp roviding leadership and direction in restoring The Bahamas to the pre-eminent position it C M Y K C M Y K LOCAL NEWS P AGE 6, MONDAY, NOVEMBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM : KHWKHU\RXEHOLHYHLWRU LQWKHZRUOGWRPDNHHYHU\ VLWXDWLRQEHFRPH VXFFHVVIXOa 4WffkFSk^ad a XRWH RIWKH ZHHN MP calls for new policies for the Financial Services Industry in the Bahamas SEE page 10 NEWPOLICIES: Ryan Pinder
laws could save police $60 million a year and vastly improve police and community relations, and in a previous commentary on this issue I pointed out that University of the West IndiesP rofessor Alston Chevannes, who chaired a Task Force on Drugs inJ amaica some years ago, noted: Jamaica would like to decriminalise personal use o f cannabis but is afraid of US decertification. Other C ARICOM countries would probably like to but can't f or the same reason. An international movement that includes big players likeM exico and Brazil would prevent our small countries from being exposed. If the US can be won, then I reckon the UN would have to come to its senses and reconsider the Convent ions. T his matter of decrimin alisation would have to be handled responsibly. The entire process from production to distribution would h ave to be highly regulated a nd taxed heavily just as ciga rettes and alcohol are heavi ly taxed. Advertising for i ts use would have to be s everely restricted as happens now with cigarettes and cigars, and education programmes explaining its a ddiction and discouraging its use should be mounted i n a sustainable fashion. A nd, just as it would be illeg al to drink alcohol and drive so it should be to use marijuana and drive. Excessive use of cannabis should also be discouraged in the same way as the excessive c onsumption of alcohol. P eople are not allowed t o go to work drunk on alcohol or to be drunk on the job; similar restrictions should apply to marijuana u se. B ut, at the bottom line, m arijuana should be b rought into the legal syst em of regulation and cont rol and education and taxation. If it were to happen, the gang warfare, the spread of illegal weapons, the numb er of young people in jails all would be reduced in C aribbean countries. A s Professor Chevannes s uggested, no one Caribbean c ountry could contemplate s uch action on its own, but a ll of them should at the very least mount a study on the matter which should include the likely scenario for Caribbean countries in the future if marijuana con tinues to be a lucrative, ille-g al trade that lures our unemployed (many of them young people) into its web. I ncidentally, apart from t he vote in California, two o ther states Arizona and South Dakota have medical marijuana initiatives on theirb allot. A third state, Oregon, will consider expand ing its existing medical marijuana law by authorizings tate-licensed dispensaries. Surely if the American states are considering it, so should the Caribbean. Responses and previous commentaries at: w ww.sirronaldsanders.com C M Y K C M Y K LOCAL NEWS PAGE 8, MONDAY, NOVEMBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Decriminalising marijuana taking the high ground FROM page seven
C M Y K C M Y K LOCAL NEWS PAGE 10, MONDAY, NOVEMBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM H OUSES/APARTMENTS/COMMERCIAL BUILDINGSVACANT PROPERTIESOFFICERSPROPERTIES LISTED FOR SALEC ontact Account Ofcer listed below by using number code for each property.COMMERCIAL BANKING CENTRETel: 242-356-8568 (800. Monique Crawford (801. Jerome Pinder (802. Brian Knowles (803. Vandyke Pratt (804. Hope Sealey (805. Tiffany Simms Obrien (806. Lois Hollis (807. Lester Cox (808. DaShann Clare-Paul (811. Lydia Gardiner PALMDALE SHOPPING CENTRETel: 242-322-4426/9 or 242-302-3800 (201. Nicola Walker (205. Anya Major NEW PROVIDENCE(801) Lot #18 in Sandilands Allotment on t he western side of Crosswind Road between Seabreeze Lane and Pineyard Road in the E astern Distract of The Island of New Providence-The Bahamas, containing single sto-rey private residence comprising the following: covered entry porch, living room, dining room, kitchen, laundry room, family room, sitting area, 4 bedrooms, 2 bathroom and patio. The total area of land is approxi-mately 7,641 square feet. Appraised value $254,400. ( 801) Twoparcels of land containing 21,120 sq.ft. situated on the southern side of East Shirley Street and 100 feet west of its junction with Shirlea in the Eastern District of the Island of New Providence The Bahamas. Situated thereon is a Gas Station and Auto Repair Shop. Appraised value $610,000.00( 805) Single Family Residence located on the Northern Side of West Bay Street, and i mmediately East of Caprice Condominium Complex (Cable Beach). The home of 5,854 square feet consist of 5 bedrooms, 4 1/2 bathrooms, detached building (double car garage) is 686 square feet, with reinforced sea wall, swimming pool & deck. The waterfront property has a land size of 20,994 square feet. Appraised Value $1,512,571 (800All that parcel or lot of land being Lots #10 and 11 in Block 29 of Coconut Grove Subdivision, containing a shopping plaza. The lot is trapezium in shape, 8,383 square feet. Appraised value $315,000.00 (803All that piece or parcel of lot cont aining 6,887 sq ft. situated on the Eastern side of East Street North. The property is c ompletely utilized by a commercial build-ing. Erected on the property is a two storey masonry structure with gross area consisting of the following: Floor (Ground & Second) 3,341 sq.ft, Storage 5,320 Sq.Ft, Lunch Room 715 sq.ft, Patios & Walkway 1,500 Sq.Ft. Appraised value TBA ( 803) All that piece or parcel of lot containing 8,075 square feet situated on the N orthern side of Sands Lane Fort Fincastle City District. The property is commercially zoned with an old Bahamian style building constructed of wood frame with cement stucco walls. The building consists of the following: Ground FloorPorch, 4 Of ces, Reception, Kitchenette and Storage. Upper level 2 Ofces, Conference room, 1 Bath-room & Storage. The oor is approximately 2,500 square feet with porch area 190 sq.ft. Appraised value TBA(811esidential/Commercial property, lot# 137, located Culmersville, Eastern Dis-trict, New Providence with a size of 4800 sq. ft. The property contains a 2 storey 1500 sq f t building, upper level: 2 bed 1 bath apartm ent, lower level: Beauty salon. The build-i ng nishes: 8 concrete block wall, 4 con-c rete partitions, asphalt shingle roof, tiled oors, wood ceilings, private water system, s tandard electrical and plumbing xtures, c entral air-condition (split systemglar bars. Appraised value $191,000. ( 811) Two lots #248 & 249 located Dor-s ettville Subdivision, Southern District, New P rovidence on which an incomplete build-i ng is situated. The properties are residen-t ially and multi-family zoned, with graded, i ncomplete landscaped and fenced in on 3 sides. The building is 4266 sq ft with a 2 storey multi-family at the roof stage with 1 bedroom unit attached. There are accommodations for the upper oor: 4 units 1 bed 1 bath each3 units, 1 bed 1 bath each, Lower oor 2 bed 1 bath. Garage converted to 1 bed 1 bath, which is 90% completed with a tenant. Appraised value $296,000. (800ingle-family/multi-family residential property situated 1/4 mile east of South Ocean Boulevard in the Western District of New Providence consisting of a portion of lot #15 comprised of 0.472 of an acre containing a 3 bedrooms, 2 1/2 bath-rooms residence and three residences under construction; Appraised value $250,000.00. Other portion of lot #15 vacant, comprised of 0.574 of an acre; Appraised value $170,000. (901) Parcel of land situated in the subdi-vision of Gleniston Garden 11,250 sq ft Lot# 9 block 20 in the district of New Providence containing a two (2ey residence, ground oor contains a kitchen, dining room, lounge, a family room, a varanda at the front and side with a patio to the back of the house. The upper oor contains 2 bedroom, 2 bath-rooms, walk in closet and a storage area with a balcony to master bedroom. Approx size of building 2900 sq ft. Appraisal TBA (569Lot #27 of Village Allotment #14 in the Eastern District, containing residence situated on Denver Street off Parkgate Road in the AnnsTown Constituency, New Provi-dence. Property size 2,500 sq. ft. Building size 990 sq. ft. Appraised value $50,000. ( 569) Lot #2 in block #8, Steward Road, Coral Heights East Subdivision situated in Western District of New Providence, approx. size 8,800 sq. ft. with a split level containing two bed, two bath, living, dining & family rooms, kitchen and utility room approx. size of building 2,658 sq. ft.. Appraised val-ue: $322,752 (569Lot #20 with residential property located Skyline Heights. Appraised value $280,000. (569Lot of land being lot number 11 in B lock number 10 on a plan of allotments laid out byVillage Estates Limited and led i n the dept of Land & Surveys as number 142 N..P. and situated in the Eastern Dis-t rict of New Providence. Property contains three bed, two bath residence. Appraised value $165,000.00 ( 569) Lot B 50 ft x 115.73 ft situated on the north side of Shell Fish Road, being the t hird lot west of FireTrail Road and east of Hamster Road with a one half duplex resid ential premises. Appraised value TBA (569Lot #17 located Village Allotment with fourplex value $500,000(569) Property situated on Williams Lane off Kemp Road, New Providence, Bahamas containing a two-storey house and an apart-ment building consisting of 1800 sq. ft. Ap-praised value $100,000.00(569) All that piece, parcel or land having an approximate area of 2100 sq. ft. situated on the Western side of Blue Hill Road about 70 ft North of Peter Street and about 115 ft south of Laird Street in the Southern District of New Providence, Bahamas containing a commercial building housing a two bed/one bath unit on the top oor and a store on t he rst oor. Appraised Value $154,000.00.(569Lot of land situated on FireTrail R oad being a partition of Gladstone Allot #41 New Providence, Bahamas containing townhouse apartment unit and two prop osed units (completed as isppraised v alue $237,714. (569All that piece, parcel or lot of land situated on Cowpen Road (1000 ft east of the Faith Avenue Junction) in the Southern District of New Providence, Bahamas con-taining a duplex apartment comprising of two 2-bedroom/1-bathroom apartments. Appraised value $175,000.00. (569)Lot of land #382 situate on Chestnut St. in Pinewood Gardens in the Southern District of the Island of New Providence with a partially constructed concrete residence thereon. Appraised value TBA. (565Lot # 1018 in Golden Gates Estates #2 Subdivision situate in the South West-ern District of the island of New Providence Containing a single storey private residence 3 bedroom 2 bath. Property approx. size 6,000 sq. ft. Building approx size 2,400 sq. ft. Appraised Value $173,176.(569Lot # B Block B situate on Rosedale Street in the Careys Subdivision containing a four bedroom two bath residence. Build-ing size 1,234 sq.feet. Property size approx4,500 sq.feet. Appraised Value $149,000. (569)Single storey triplex, situated on Lot 615, Mermaid Boulevard, Golden Gates #2 in the Western District, New Providence. Two two bedrooms, one bathroom units and one one bedroom, one bathroom unit. The property is zoned as Multi Family Resi-dential, measuring 9,092 sq. feet with the living area measuring 2,792 sq ft. Appraised value $374,192.00(569)All that Southwestern Moiety or Half Part of a Lot of Land being part of a Tract of Land now or formerly called ANNSTOWN situate Six Hundred and Ten (610outh-east of Kemps Road in the Eastern District of the Island of New Providence aforesaid and set out as Lot #35 containing a duplex. Property size 50 ft x 50 ft Appraised $61,000.( 569) Lot # A and B on Northern side of Carmichael Rd. Nassau with building and foundation for a warehouse. Property size 15,780 sq.ft). Appraised value $325,000. (569All that piece parcel or lot of land s ituate on the East Side of Millers Road and 2763.58 ft South of Carmichael Rd. being L ot #B containing a Triplex Property size 80 x 100 (8,000 sq.ft) Appraised Value TBA.(569All that piece parcel or lot of land s ituate Graham Drive in the Yellow Elder Subdivision being Lot #446 containing a 2 bed 2 bath residence. Appraised Value $110,000. (724Lot #2, Block #5, Englerston Sub-Division, Southern District of N.P. contain-ing a partly completed building Property s ize approx. 3,535 sq.ft. Appraised value $ 84,000 (008) Property containing 3 bed 1bath home Single Family Residence. All that piece of parcel or lot of land being Lot. Number 2819 lying within the Subdivision known as Cedar groves Estate situated in the Southern Dis-trict of the Island of New Providence in The Commonwealth of the Bahamas. Property Size 8,250. Appraised Value $157,100.00 (569All that piece parcel or lot of land situate North of Believers Gospel Chapel, Prince Charles Dr. identied as Parcel B and containing thereon a four unit Apartment Complex. Property size is 20,931 sq ft. Appraised value $447,600. (569All that piece parcel or lot of land situated in Englerston being Lot #12 and #13 containing an incomplete triplex apart-ment Appraised value$195,000. (569All that piece parcel or lot of land situated Pinewood Gardens containing thereon a three bedroom residence. Appraised value $ 85,000. (569All that piece parcel or lot of land numbered Lot #262 Australia Blvd., Elizabeth Estates containing thereon a Three (3oom residence. Appraised value $110,000.00 (569All that piece parcel or Lot of land numbered 1802 in the area called and known as Pinewood Gardens Subdivision on the island of New Providence and contains thereon a 1,449 sq.ft. building. Said Prop-erty is 5000 sq.ft. Appraised Value $179,000( 569) All that piece parcel or Lot of land numbered #35 and #36 in Block #23 in the area called and known as Nassau Village Subdivision on the island of New Providence and contains thereon a 915 sq.ft apartment building. Said Property is 5000 sq.ft. Appraised Value $178,000 (569All that piece parcel or lot of land being Lot #419 located in the Subdivision k nown as Winton Meadows Estates situate in the Eastern District of the island of New Providence and containing thereon a par-tially constructed building. Property approx8,000 sq ft. Appraised Value $127,000 (569Lot #201 Arawak Avenue of Pyfrom E states Subdivision situated in the Eastern District, New Providence Island and con-t aining thereon a 3-bedroom residence. Lot approx. 6,000 sq ft. (60 x 100ppraised value TBA ( 301)Lot # 659 on the northwestern side of Malawi Street, Elizabeth Estates East Phase 2 ,Yamacraw constituency, New Providence island. Lot of the land 5,085 sq ft. with a 2 2-year old single level residence, 3 bed-rooms, 1 bathroom. Appraised value $94,871(569Parcel #3 and Parcel #4 situated on t he South side of Prince Charles Drive, New Providence island, containing a commerc ial building housing two shop space on the ground oor and three shop space on t he second oor with a large storage area in the rear. Total area 8400 sq ft. Appraised v alue $366,650. (569All that piece parcel or plot of land comprising 2,513 sq.ft. situate on the East-e rn side of Armstrong St. and approx. 30ft. north of Shirley St. containing a two-storey w ooden structure. Appraised Value $152,325 (569Lot of land on the east side of Millers Road (now known as Bacardi Rd) and 2,763.58 feet south of Carmichael Rd in the Southern District of the Island of New P rovidence and containing thereon a duplex (2bed 1 bathuilding is 1,616 sq.ft. a nd property is 8,071 sq.ft. Appraised value $180,000.(569)Lot of land being Lot #A4 of the sub-division known as Johnson Estate situated in the Eastern District, New Providence, and containing thereon a two storey concrete building. Appraised value $277,000.(569) Tract of land situate South of Cowpen Road in the Eastern District, Island of New Providence, containing thereon a redam-aged structure. Appraised Value $325,000 (569Lot of land known as Lot #231 in Treasure Cove Subdivision situated in the eastern District of New Providence and con-taining thereon a 3-bedroom 2-bath residence with swimming pool and other amenities. Building is approx 1,775 sq.ft and property is 6,200 sq.ft. Appraised Value $474,340. (569All that piece parcel or lot of land situated Springeld Rd. Fox Hill and containing thereon a four bedroom two bath residence. Property size10,000 sq.ft. bldg 1,652 sq.ft. Val. $175,000. (569Lot of land in Shirley Heights Subdivision being Lot #8 Block 21 containing thereon a 3-bed 2-bath concrete building. A ppraised value $155,000.(571)Lot Number 223, Coral Harbour Wa-terways Subdivision, Western District, New Providence containing a split level 5 bed 4 bath residence. Living space is 5,200 sq.ft. Property is 10,654 sq.ft. Appraised Value $992,000 F REEPORT(008)Single Story tri-plex building, one 2 bedrooms and two 1-bedroom located on a multi-family Lot No.4, block 3, Shirley Lane, section 1, Bahama Reef Yacht & Country Club Subdivision, Freeport Grand Bahama. Property size is approx. 16,621 sq. feet. Ap-praised value $348,000. (103All that piece parcel of lot of land and improvements thereon known as No.3 block 31 Bahamia Marina & Section IX lo-cated in southwestern city of Freeport Grand Bahama Island. Approx. 13,070 sq.ft. or 0.30 acres property contains duplex dwelling. Appraised value $300,000. (101-FResidential Canal Lots 30, 31 & 32, Block 1, Pine Bay Subdivision Freeport, Grand Bahama, containing two storey House, 4 bed, 3 baths Situated on 1.62 Acres of land. Appraised value $1,372,200 NEW PROVIDENCE (800Vacant property located 40 ft. east of Balls Alley on the northern side of East Shirley Street and known as Old Plantation Inn, in the eastern district of New Provi-dence. Property size 7,113 sq.ft. with open zoning. Appraised value $128,000. (800Lot # 2 vacant land 30,000 sq ft lo-cated Chapman Estates Subdivision on West Bay Street with open zoning. Appraised value $600,000. (800Three single-family/multi-family residential vacant parcels of land being Lots # 10, 11 & 12 situated on the Southern side of FireTrail Road in the Western District of New Providence. Property sizes are Lot #10 8,967 sq. ft., Lot #11 9,015 sq.ft., and Lot#12 6,774 sq.ft. Appraised value: $85,000 for each lot. (801Vacant Lot No. 1A, located on the eastern side of Fox Hill Rd., 235 Feet North of Prince Charles Drive, Nassau, Bahamas. The open zoning/multi-family property size is approx. 10,322.05 sq.ft Appraised value $150,000( 800) Vacant lot of land located West Bay S treet, directly opposite the entrance to Chip-p ingham Road, Nassau Bahamas. The prop-erty consist of approximately 61,780 square feet or 1.42 acres. Property has approximately 546 feet of ocean frontage with protected anchorage from the southern side of Arawak Cay. Parcel A contain 27,000 square feet and Parcel B contain 34,780. All reasonable offers will be considered.(569)Lot of land in the subdivision called and known as EASTERN ESTATES in the Eastern District of the Island of New Provi-dence being Lot Number 14 in Block Number 9. property is approx 7,044 sq.ft. Appraised Value TBA (569All that piece parcel or lot of land being Lot No. 977 in the Subdivision called and known as PINEWOOD GARDENS sit-uated in the Southern District of the Island N ew Providence. Appraised value $65,000 (569Multi family Lot No. 10 Southeast Corner of Mandarin Drive, Sugar Apple Road, Sans Souci Sudv. Size: 14,368 SQ.FT Appraised value $165,000. (569All that piece parcel or lot of land located on Marigold Road in the Subdivision known as Kool Acres. Lot is approx. 7145 sq. ft. Appraised value $93,000. (569Vacant lot single/family zoning. Lot # 21 of the subdivision called Southern Shores / Canaan Subdivision located on Marshall Road. Property size is some 67.86 feet on the sub road and 84.49 on one side, 55.21 at the back and some 85.61 on the other side of 5,475 S/F of land space. Appraised value $86,000 (569Undeveloped lots # 4A, 16, 17, 18 and 19 located Chapman Estates, West Bay.Appraised value $348,000 (569All that piece parcel or lot of land being Lot #11 of the Lee Acres subdivision s ituate in the vicinity of Sandilands Village i n the Eastern District of the Island of New P rovidence. Appraised Value TBA (569All that piece parcel or lot of land numbered Lot #3 being a portion of Lot #24 Crown Grant A8.44 situate Golden Isles Road off Carmichael Road in the Southern District of the Island of New Providence. Property is 5075 sq ft. Appraised value $50,000. (569All that piece parcel or lot of land situated on the northwest corner of ButlersLane & Romer Street, Fox Hill in the East-ern District of New Providence. Appraised value. $57,000. (723All that piece parcel or lot of land being Lot # 5 in Block #9 in the Subdivi-sion known as Millar Heights situate in the Western District of the Island of New Provi-dence. Property is 75 x 100 approx 7,500 sq.ft. Appraised value TBA (569)All that piece parcel or lot of land lo-cated Coral Heights East. Appraised value. TBA. (570All that piece parcel or lot of land known as Lot # 5 being a portion of a larger tract of land known as Lot # 11 of Southern Shores Subdivision situate in the Southern District of the Island of New Providence. Property is 62.22 x 109.29 approx 7,019 sq.feet. Appraised Value $80,000 (569All that piece parcel or lot of land known as Lot # 1 and Lot #2 situated on the western side of Golden Isles Road South of Carmichael Rd. in the Western District of New Providence. Appraised value $80,000.00 ( 569) Lot of land being Lot #5 in block #5 in the Subdivision called and known as Baillou Dale situated in the Southern District in the Island of New Providence, Bahamas. Appraised value TBA. ( 569) All that piece parcel or lot of land being Lot #5 of the Forest Drive Subdivision s ituated South of Camperdown Drive and a pprox.300 ft.West of Culberts Hill Drive l ocated in the Eastern District of the Island of New Providence. Property is 15,681 sq.ft. and is hill top. Appraised value $201,000.00(569)Lot of land being Lot #21 Grantanna Subdivision situate in the Western District of the Island of New Providence in the Com-monwealth of the Bahamas. Property is ap-prox 6,505 sq.ft Appraised value $80,000.(569)Lot of land (undevelopeded 5 situate. in Highland Estates in the Western District of the Island of New Providence. Property size is 10,000 sq.ft. Appraised value TBA. FREEPORT (800Vacant property located Bahamia S outh. Block 16 lot 9A, Freeport, Grand B ahama consisting of 24,829.20 sq.ft. App raised value 52,000.(802) Vacant Commercial Lot No: 3A, Block 60 Bahamia Subdivision VI containing 3 acres located Freeport, Grand Bahama. Appraised Value $463,914 (108Vacant Single Family Lot #5 Block F Bahamia South Sub, Freeport, Grand Ba-hama.Appraised value $35,700( 569) Undeveloped lot #149. Seafan Lane, Lucayan Beach Subdivision. Grand Bahama, 18750 square feet. Appraised value: TBA (724) Vacant land Lot #8, Block #19 at Ba-hamia West Sub Division (Port Area) of Free-p ort, Grand Bahama Property size approx2 5,500 sq ft. Appraised value $65,000. (569All that piece parcel or lot of land being Lot #1, Block N situated in Bahamia South Subdivision, Freeport, Grand Baha-ma. Appraised value $30,000.(402 8 9, Block 7 Aberdeen Drive, Ba-hamia West Replat Subdivision, Freeport, Grand Bahama, consisting of 12,100 square feet. Appraised value $51,000.00. (569Vacant property consisting of Lot #894 situated in the Freeport Ridge Subdivision, Section #1, Freeport, Grand Bahama, Bahamas. Appraised value : TBA (571Lot of land being number ten (10Block Number Three (3ristol Bay Subdi-vision, Unit One (1reeport in the island of Grand Bahama, Bahamas Property is approx 0.42 acre. Appraised value $55,000. (811) Vacant Lot of land located West End Grand Bahama containing 8581 square feet or .20 acres situated in Ginn Sur Mer subdivision, in the island of Grand Bahama. Appraised value: $575,000.00NASSAU MAIN BRANCHTel: 242-322-8700 (701. James Strachan (301. Thyra Johnson (304. Alicia ThompsonMACKEY STREETBRANCHTel: 242-393-3097 (601. Cherelle MartinboroughJOHN F. KENNEDY DRIVE BRANCH Tel: 242-325-4711(401. Robert Pantry (402. Chandra Gilbert PRINCE CHARLES SHOPPING CENTRETel: 242-393-7505/8 (501. Jason Sawyer (503. Dwight King (505. Patricia RussellCABLE BEACH BRANCHTel: 242-327-6077 (466. Winnifred RobertsLOAN COLLECTION CENTRETel: 242-502-5170/502-5180 (716. Quincy Fisher (717. Nancy Swaby (723. Deidre King (724. Faye Higgs (725. Marguerite Johnson (565. Catherine Davis (569. Vanessa Scott (570. Elton Kemp (571. Faye Daniels NASSAU INTL AIRPORTTel: 242-377-7179 (433. Renea WalkineLYFORD CAYBRANCHTel: 242-362-4540 or 242-362-4037 (101-N. Lindsey PetersonGOVERNORS HARBOUR, ELEUTHERATel: 242-332-2856/8 (902. Nicole EvansHARBOUR ISLAND BRANCHTel:242-333-2230 (901. Velderine LarodaANDROS TOWN BRANCHTel: 242-368-2071 (400. Cyprianna Williams MARSH HARBOUR, ABACOTel: 242-367-2420 (908. Julius Seymour (909. Sylvia Poitier (910ermit CurryBIMINI BRANCHTel:242-347-3031 (105. Italia BeckfordGRAYS, LONG ISLANDTel: 242-337-0101 (100. Lucy WellsEXUMA BRANCHTel: 242-336-3251 (008. Joycelyn Mackey FREEPORT, MAIN BRANCHTel: 242-352-6631/2 (101-F. Garnell Frith (102. Elaine Collie (103. Damita Newbold-Cartwright (108. Sylvie CareySPANISH WELLSTel: 242-333-4131 or 242-333-4145 (560. Walter Carey once enjoyed as an international financial and banking centre. It was to be the policy arm of the industry, and would have been directly responsible for addressing, in a focused manner, the challenges that the industry has faced in recent years. However, under the current government, Mr Pinder stressed that there has been no focused policy for the industry. Initially, the Ministry of Finance, and specifically, the Junior Minister of Finance was responsible for the industry. I pointed out numerous times how this was ineffective since given the enormous domestic economic challenges, and the responsibility of the Ministry of Finance to address them, not enough attention was given to issues important to the Financial Services Industry. I assume that the Government eventually agreed with me and transferred responsi bility for the industry to the Attorney General. We all can appreciate the serious domestic crime, and prosecution of crime that is the responsibility of the Attorney Generals office. Yet again, the Financial Services Industry is not getting the focused attention it deserves. In order for the Bahamas to put a halt in its drop in The Global Financial Centres Index and restore confidence, growth and expansion in the industry, the Government must provide focused leadership and an aggressive growth strategy. Mr Pinder recommended that the government immediately reconstitute the Ministry of Financial Services to provide focus and dedicated leadership to the industry; and create a clear and transparent policy on the expansion of it. It is important to develop strategy to redefine the industry so the Bahamas is no longer known as a Tax Haven, not solely an Offshore Financial Jurisdiction, but an International Business Jurisdiction, he said. Development of a strategy for an expanded commercial Financial Services Industry and significant economic policy reform; and creation of a Quick Response Strategy Committee from a diverse representation of the private sector to provide real time advice to the Government and Ministry of Financial Services so as to be able to react as an industry and jurisdiction to rapid changes in policy from the OECD and global arena at large. The Financial Services Industry of the Bahamas has faced considerable challenges in recent years and neglect by this FNM Government, evidenced by a drop in rank and rating points in the Global Financial Centres Index. The government has to focus on The Financial Services Industry in this highly competitive era where we will continually see increased global pressure on the industry, he said. MP calls for new policies for the Financial Services Industry of the Bahamas FROM page six
C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, NOVEMBER 1, 2010, PAGE 11 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM H OUSES/APARTMENTS/COMMERCIAL BUILDINGS VACANT PROPERTIESOFFICERSPROPERTIES LISTED FOR SALEC ontact Account Ofcer listed below by using number code for each property.COMMERCIAL BANKING CENTRETel: 242-356-8568 (800. Monique Crawford (801. Jerome Pinder (802. Brian Knowles (803. Vandyke Pratt (804. Hope Sealey (805. Tiffany Simms Obrien (806. Lois Hollis (807. Lester Cox (808. DaShann Clare-Paul (811. Lydia Gardiner PALMDALE SHOPPING CENTRETel: 242-322-4426/9 or 242-302-3800(201. Nicola Walker (205. Anya Major NASSAU MAIN BRANCHTel: 242-322-8700(701. James Strachan (301. Thyra Johnson (304. Alicia Thompson MACKEY STREETBRANCHTel: 242-393-3097(601. Cherelle Martinborough JOHN F. KENNEDY DRIVE BRANCHTel: 242-325-4711(401. Robert Pantry (402. Chandra Gilbert PRINCE CHARLES SHOPPING CENTRETel: 242-393-7505/8(501. Jason Sawyer (503. Dwight King (505. Patricia Russell CABLE BEACH BRANCHTel: 242-327-6077(466. Winnifred Roberts LOAN COLLECTION CENTRETel: 242-502-5170/502-5180(716. Quincy Fisher (717. Nancy Swaby (723. Deidre King (724. Faye Higgs (725. Marguerite Johnson (565. Catherine Davis (569. Vanessa Scott (570. Elton Kemp (571. Faye Daniels NASSAU INTL AIRPORTTel: 242-377-7179(433. Renea Walkine LYFORD CAYBRANCHTel: 242-362-4540 or 242-362-4037(101-N. Lindsey Peterson GOVERNORS HARBOUR, ELEUTHERATel: 242-332-2856/8(902. Nicole Evans HARBOUR ISLAND BRANCHTel:242-333-2230(901. Velderine Laroda ANDROS TOWN BRANCHTel: 242-368-2071(400. Cyprianna Williams MARSH HARBOUR, ABACOTel: 242-367-2420(908. Julius Seymour (909. Sylvia Poitier (910ermit Curry BIMINI BRANCHTel:242-347-3031(105. Italia Beckford GRAYS, LONG ISLANDTel: 242-337-0101(100. Lucy Wells EXUMA BRANCHTel: 242-336-3251(008. Joycelyn Mackey FREEPORT, MAIN BRANCHTel: 242-352-6631/2 (101-F. Garnell Frith (102. Elaine Collie (103. Damita Newbold-Cartwright (108. Sylvie Carey SPANISH WELLSTel: 242-333-4131 or 242-333-4145(560. Walter CareyEXUMA(008)Lot #4742 Bahama Sound of Exuma No.6 a subdivision of land situate at the s outheastern portion of The Forest Estate near Southside and The Forest Great Exu-ma. Property size 10,000 sq ft. Building size 2400 sq ft. Consisting of 21 bedroom and bath unit and 1-2 bedrooms bath unit. Ap-praised value $219,200. (569Lot # 14867 Bahama Sound Exuma is located about 10 miles northwest of George Town Exuma and about 1 mile south of Emerald Bay,The Four Seasons Resort and Rokers Point. Located Mt. Thompson and Farmers Hill. The property is 10,000 sq ft in area with 80 ft frontage on QueensHighway; the main road. The property con-tains a partially completed apartment com-plex with ve, 1 bedroom units, 4 ef ciency units and 1 shop space. Appraised value $488,240.(008Property containing 3 beds 1-bath home constructed of concrete blocks located Moss Town and number 18 in The Department of Housing Subdivision, Moss Town Exuma Bahamas. Property Size 7853. Appraised Value$ 113,800. (008Property containing 6 Units 1-bed 1-bath apartment units to First Floor Belt Course. Partially developed properties. All those piece or lots of land being Lot # 1679 and 1680 Bahama Sound Subdivision, Exuma Number 3, Great Exuma. Properties Size: 10,000 sq ft each. Appraised Value $205,000.(008) Partially developed property locat-ed Golf Boulevard, lot# 20, Flamingo Bay Estates near George Town, Exuma, Baha-mas. The land is 25,017 square feet and be-ing developed with a two storey apartment complex with a living area of 1770 square f eet. The building is completed to the rstoor beltcourse and all electrical, plumb-ing and other rough work have been com-pleted on the ground oor. Appraised value $100,050. (008Developed property located lots #11165 & 11166, Bahama Sound #8, Great Exuma. The land is 7,200 square feet con-t aining duplex with a building area of 1,706 square feet with (1(1ppraised value $185,376.( 008) Developed property located lot#9786, Bahama Sound #9 situated at the northwestern portion of the Forest Estate in he vicinity of the settlements of Mount Thomp-son and Farmers Hill and ten miles south northwest of George Town, Great Exuma. The land is 10,000 square feet developed with a single family residence with 1300 square feet of living area, containing three bedrooms, and two bathrooms. The build-ing is constructed of hardi-siding. Appraised value $154,000.(008) Lot located about 10.5 miles north-west of George Town, Bahama Sound #8 East lot#6647, a subdivision of land situ-ated at the northeastern portion of The For-est Estate, in the vicinity of Mt. Thompson and Farmers Hill, Great Exuma, Bahamas. Site contains 10,000 sq ft and is developed with a duplex apartment, containing 2-bed, 1-bath apartments. 2,160 sq ft living area of hardiplank construction. Appraised value $198,000.(008)Lot No. 5596 located Bahama Sound No. 7 east, a subdivision of land situate at the eastern portion of the Forest Estate in the vicinity of Southside and Forest, Great Exuma, Bahamas. Containing concrete build-ing consisting of 3 bed 2 bath home Build-ing size 1062 sq ft. Lot size 10,000.00 sq ft. Appraised value $219,050.00. ( 008) Lot of land #12975, #14 Bahama Sound, Exuma (situated about 1-5/8 miles southeastwardly of George Town). Contain-ing Hardiplank building consisting of a triplex partial complete 2-1 bedrooms 1 bath and 1-bed 1 bath units. Building size 2160 sq ft. Lot size 10,000 sq ft. Appraised value $180,000.(008)Lot # B-5707 situated approximate-ly 11 miles north west of the settlement of George Town, Bahama Sound No. 7 east. Located between the settlements of Mt. Thompson and the forest, Great Exuma, Bahamas. Containing a triplex of two-1-bed 1-bath units and one 2 bedrooms 1-bath unit. Building size 1705 sq ft. Property size 4,000 sq ft. Appraised value $216,980.(008) Lot No. 9800, Bahama Sound No. 9, a subdivision of land situate at the northeastern portion of the Forest Estate in the vicinity of the settlement of Mt. Thompson and the Forest, Great Exuma, Bahamas. Con-taining a triplex. Building size 2492 sq ft. Property size 10,000 sq ft. Appraised value 336,500. (008All that piece of parcel of lots of land being Lot No. 6226, Bahama Sound No. 7 East a subdivision of land situate at the eastern portion of the Forest Estate in the vicinity of Southside and Forest, Great Exuma, Bahamas. Property size 10,000 sq ft. Containing a duplex. Building size 1152 sq ft Appraised value $186,320. ELEUTHERA (902Lot of land 94 x 94 x 150 x 150 on Queens Highway just south of Palmetto Point Eleuthera with a two storey stone building containing two apartments. Each unit has 3 bed/2 1/2 bath, kitchen, living room and 3 linen closets. Appraised value $287,209.(901)Lot #32 containing 4 bedroom 2bath concrete structure located Triana Shores Harbour Island, Eleuthera. Property size 80 x 120 x 80 120 ft Appraised valued at $ 332,735.(901)Lot # 57 block # Trianna Shores, Har-bour Island Eleuthera containing 3 bed 2 bath front room, dining room, & kitchenconcrete structure, 1926.40 sq. ft wooden deck 321.60 sq.ft. property 9600 sq. ft. appraised value $448,645. (901) Lot K Barrack Street, Harbour Is-land containing a 2 storey concrete building with 4 bed 4 bath, dining room & kitchen -Building 2934.56 sq. ft.property 6563 sq. ft. appraised value $479,228. (902) Registered Legal Mortgage over Lot #6A Banana Beach, Governors Harbour, Eleuthera with a triplex foundation Appraised Value $105,000 (560Tract of land located The Bluff Eleuthera, overlooking the beautiful Bluff Harbour. Property contains four parcels of land with a total area of approximately 151,528 sq ft. Property is ideal for a waterfront development. Contains a tri-plex condominium under construction up to belt-course and a private dock. Appraised value $1,118,000.(902)Lot 6A North Palmetto Point Eleuthera containing a 2bed/1bath residence with adjourning incomplete apartment. Prop-erty size 8,500 sq. ft; building size oor area 1,639.08 + covered porch. Appraised Value $188,740. (902Lot # 54, Lower Bogue, Eleuthera containing 2-bed/1 bath duplex, property size 7,500 sq ft. Appraised value $146,437 ( 902) Lot of land situated in the area of Pindling Drive, Rock Sound, Eleuthera, with stone building up to belt course. Property size 11,333 sq ft Appraised value $35,000( 902) Lot # CA 1, Palmetto Shores, South Palmetto Point, Eleuthera, containing 3-sto-rey 4 bedroom 3 bath house approx. 3,336 sq ft living space; property size 11,868 sq ft. Appraised value $230,000 (902Lot south of Palmetto Point on the main Eleuthera Highway, Eleuthera, Bahamas containing a 2 bed, 1 bath duplex unit with gross oor area 1,457.84 each. Property size 1.115 acres. Appraised value $212,667. SPANISH WELLS(560)Lot of land # 2 Sea View Subdivision, Russell Island adjacent to the settlement of Spanish Wells. Property size 11,323 sq. ft, building size 2236 sq. ft. containing 3 bedrooms, 2 bath, living room, an eat-in kitchen, dining room, laundry room, cov-ered porch, a one car garage, and a covered w ater tank. Appraised value $299,000(560)Lot of land in Spanish Wells located between 8th and 9th street near The Island-er Shop. Property size 3,654 sq. ft. Building ( wooden structure) size 1370 sq. ft. containing 3 bedrooms, 2 bath, front room/dining room and kitchen, House is in good condition. Proper landscaping with poured c oncrete driveways & walkway. Appraised value $155,000.00.(560)Lot numbers 1 and 2 of a tract of sev-en parcels between Harbour Road and the M ain Public Road near 22nd Street Spanish Wells Bahamas. Property size 12,428 sq. ft. Building size 4516 sq. ft. containing 3 bed, 2 bath, living room, an eat-in kitchen, laundry room, covered porch, and a covered water tank. Basement offers a garage, work-shop, play room and small ofce area. House is in excellent condition Proper landscaping with poured concrete driveways & walkway. Appraised value $555,179.(560) Lot of land having the number Two (2ubdivision called and known as Ocean Estates, Russell Island, Spanish Wells. Property size 12,179 sq. ft, building size 1976 sq. ft. Building is constructed of lumber and hardy plank, containing 3 bed-rooms, 2 bath, living room, an eat-in kitchen, dining room, utility room, covered porch, and covered water tank. Landscaped with poured concrete driveway & walkway. Ap-praised value $455,190(560)Lot of land on Russell Island, Spanish Wells. Property size 13,446 sq. ft, building size 3074 sq. ft. containing 3 bedrooms, 2 bath, an eat-in kitchen, living/dining room, utility room, laundry room, covered porch, covered driveway and a two car garage. Al-so contains a 30,000 gallon rainwater tank. A ppraised value $460,780 (560Lot #27 in a subdivision of 8 parc els situated immediately east of Ocean Heights Subdivision, Russell Island, Spanish Wells. Property size 12,500 sq.ft. Building size 1820 sq ft. containing 2 bedrooms, 2 bathrooms, an eat-in kitchen, living/dining room, laundry room and a one car ga-rage. Covered front entryway an observation deck and a patio. The house is in excellent condition. Appraised value $314,000 (560Lot of land being lot #1, Sea View Subdivision, Russell Island, Spanish Wells. Property size 11, 284 sq.ft, Building size 2,485 sq ft. containing 3 bed, 2 bath, an eat-in kitchen, living room, dining room and laundry room plus one car garage, cov-ered front porch/entryway and a rear pa-tio/water tank. Properly landscaped, with poured concrete driveway and walkway. Appraised value $375,000. (560Lot of land 1520 feet west of the government dock at Muddy Hole, Russell Island, Spanish Wells. Property size 17,083 sq. ft. Building size 2426 sq ft. containing 3 bedrooms, 2 1/2 bathrooms, front room/ dining room, kitchen, garage and covered front porch. Appraised value $347,000. (560)Lot on 30th Street Spanish Wells, Ba-hamas. Property size 6,500 sq. ft, building size 1800 sq. ft. containing 3 bedrooms, 2 bath, living room, kitchen, laundry room, covered porch, and a covered water tank. House is in good condition, proper landscaping with poured concrete driveways & walkway. Appraised value $272,000. ANDROS (400Property in Calabash Bay, Andros. 75 x 150 with a small grocery store 480 sq. ft. and an incomplete 3 bed 2 bath house 900 sq. ft. Appraised value $65,000. (400Lot #14 Love Hill, Andros totalling 20,000 sq. ft. Property contains a two storey 5-bed, 3-bath residence. Appraised value $185,000. (400Lot is situated Queens Highway in C argill Creek, Andros, totalling 30,000 sq ft. Property contains one completed build-ing 2 bedroom, 2bath 1,200 sq feet, and two under construction.. Appraised value $324,502. (401Lots # 17 & #18 Crown Allotments, Love Hill Settlement, Andros. Containing a two-storey res. Appraised Value $100,000.( 400) Lot is situated in Coakley Bight, Behring Point Andros totalling 30,339sq ft. Property contains a split level 3-bed 2-bath 2,386 sq ft house. Appraised value $196,253(400Lot #16 is situated in Marina Ridge in the settlement of Fresh Creek Andros, totalling 16,200 sq ft. Property contains a one bedroom one bath house 840 sq ft. Ap-praised value $90,280 (400Lot of land containing 22,702 sq ft in the settlement of Davis Creek, Fresh Creek Town Area, Central Andros Island, containing thereon a building 3030 sq ft. which house a ve unit apartment complex. Appraised value $195,322. ( 565) Lot west of the Coastal Water front a nd east of Queens Highway directly oppo-site Harold Road the location of the National Insurance Sub-Ofce at the Bluff Settlement of South Andros and containing thereon a 2-bed 1-bath residence. Property size (63 x 75) approx 4,725 sq.ft. Appraised value $75,000. ABACO (910Lot #12 Madeira Park, a small subdivision on the outskirts of Treasure Cay,Abaco with a 9,444 sq ft concrete block resi-dence with asphalt shingle roof 3-bed, 2-bath, family room, living room, dining room, and kitchen. Appraised value : $147,000. (908Lot# 52 Crown Allotments located Murphy Town, Abaco with size being 10,200 sq ft. Containing a one storey house with 4 bed/2 bath Concrete Block Structure Appraised value .$200,000.00 (908)Lot# 23 located in the Subdivision of S pring City, Abaco with size being 8,925 sq ft. Containing a one storey wooden struc-ture house with 3 bed/1 bath of 7985 sq ft. Appraised value $60,000 ( 909)Lot #24, Dundas Town, Abaco known as Lot #24C, containing 8,914 sq ft contain-ing a duplex with a 3 bed 2 bath unit and a 2 bed 1 bath unit taking up a total of 2,040 square feet. Appraised value: $181,028 (909Lot # 2, comprising a portion of Commercial Parcel Lot A, situate near the settlement of Murphy Town, on the island of Abaco, containing 14,725 square feet with wooden duplex with a 3 bed 2.5 bath and a 2 bed 1 bath rental unit, with v-joint ceilings and central air-conditioning. Appraised value $320,000(909)Lot #46, being a portion of the Mur-phy Town Crown Allotments on the island of Abaco, measuring 6,483 square feet containing a duplex with 2 beds and 1.5 baths for each unit. Appraised value at $222,463.00 (909) Lot 356 H, situate in the settlement of Murphy Town on the island of Abaco, measuring 7,631 square feet containing a triplex that has two 2 bed 1 baths and a 1 bed 1 bath. Appraise value TBA.(909)Lot of land situate in the settlement of Dundas Town comprising a portion of Lot #11 of the Dundas Town Crown Allotments on the island of Abaco, containing residence. Appraised value TBA (909Lots of land containing 10,178 sq ft and 10,176 sq ft, being a part of Murphy Town Crown Allotment No. 70 situate in the Settlement of Murphy Town Abaco, containing a duplex. Value $243,000 OTHER FAMILY ISLANDS (811Property containing Condo Millenium II, Unit A-101, building 57, Phase 1C, 2 bedrooms, 3 bathrooms, living room, dining room, utility closet & patio. Situated in the area known as Bimini Bay Resort, Bi-mini, Bahamas. Appraised value $485,000. (105Lot containing 2 story bldg. with three bed, two and a half bath residence, and 30 x 86 situated Bailey Town, North Bimini. Appraised value $235,000 (101-FProperty situated Alice Town, The Island of North Bimini, being Parcel Ameasuring 9,267 sq. ft. with incomplete 3 storey single family home. Appraised value $542,000 (811Condo Bldg 20-T (TREEHOUSE) in Bimini Bay Condominium phases 1A (1, Bimini Bay, North Bimini. Unit has 1-bed 1-bath with 1140 sq ft, front porch, b alcony and central a/c. Appraised value: $390,000.(811ondominuim Unit Bimini Bay Subdi-vision, 2 bed, 2 bath Oceanfront unit, 1385 square feet, incl patio/balcony located Bi-mini Bay, North Bimini. Appraised value $419,900 (100Developed property being a portion of a tract of land known as Morleys Tract, corner Lot with a frontage of 149 feet, running 149 ft on the North boundary and 120 ft on the South boundary.The property is situated in Lower Deadmans Cay, Long island with home (seven years old) under construction; 30 % complete Appraised value at $57,000 EXUMA (569All that piece parcel or lot of land being Lot No. 102 in the Subdivision known as EXUMA HARBOUR Great Exuma meas-uring 10,000 sq ft. Appraised value $20,000.(569All that piece parcel or Lot of land being Lots #961 and 962 Bahama Sound of Exuma No.4, a subdivision of land situate at the western portion of the FOREST Estate in the vicinity of FOREST, Great Exuma, Ba-hamas. Property is 20,000 sq.ft. Appraised value: $20,000.( 569) Single family residential Lot # 11698 B ahama Sound Subd. #11 West, Great Exuma. Size: approx. 10,426 sq.ft. Appraised value $15,000. (569Single family residential Lot No. 11703 Bahama Sound Subd. Number 11 West, Great Exuma. Size: approx. 10,000 sq.ft. Appraised value $15,000. (008Vacant lot of land #6592 Bahama Sound, Exuma No 8E, Great Exuma. Property Size 10,000 sq ft. Appraised Value $20,000.(008Partially developed parcel of land being 10,000 sq.ft. situated about the east-ern portion of The Forest Estate in the vicin-ity of the settlements of Southside and The Forest being Lot Number 4803 in Bahama Sound of Exuma 6, Exuma The Bahamas. Appraised value $25,000.( 008) All that piece parcel of lot and land on the Island of Great Exuma one of the said Bahama Islands and situate about ten and one-half (10 1/2 orthwestwardly of George Town which said piece parcel or lot of land is number 10750 Bahama Sound O.A.E. 10,900 sq ft. Appraised value $65,000.(008) Anundeveloped waterfront lot #12032 size 10,600 sq.ft. in the Bahama Sound of Exuma Subdivision Number 11 West, Great Exuma, Bahamas. Appraised value $224,000.(008) Vacant Residential Property all that piece parcel or lot of land being lot No. 12903 Bahama Sound No.14 a subdivision of a tract of land situated approximately 1 5/8 miles southeastwardly of Geroge Town, Exuma Bahamas. Property Size 10,000 sq ft. Appraised Value $20,000.(008) Vacant Residential Property all that piece of parcel or lot of land being a portion of Lot No. 51, Area 3, Palm Hill Section, Fla-mingo Bay Estates a subdivision situated immediately south of George Town, on the Island of Exuma Bahamas. Property Size 10,206 sq.ft. Appraised value $35,000.00 (008All that piece parcel or lot of land being Lot No. 9773, Bahamas Sound No. 9, a subdivision of land situated a the northern portion of The Forest Estate in the vicin-ity of the settlement of Mt. Thompson and Farmers Hill, Great Exuma, Bahamas. 11 1/4 miles from George Town. The subject site contains 10,000 sq ft and undeveloped. Appraised value of $18,000. (008All that piece parcel or lot of land b eing Lot No. 19726-7 & 19283-4 located Bahama Sound No. 21, on Taxi Way, a sub-division of land situated at approximately 2 000 feet north east of George Town, Old A irport and about 1.5 miles southeast of the settlement of George Town, Great Exu-ma, Bahamas. The undeveloped properties are a total of 8,000 sq.ft. Appraised value $32,000.(008Lot #14857, Bahama Sound No. 17, subdivision approximately 1/4 mile South-eastwardly of the Southside and 1 mile from Moss Town Airport, Great Exuma, Bahamas, located Morning Glory Road. This partial-ly developed lot contains 9,010 sq ft. Appraised value $12,764.(008) Vacant property, lot#10948, Bahama Sound #8, situated about the northeastern portion of The Forest Estate in the vicin-ity of the villages of Mount Thompson and Farmers Hill, Great Exuma, Bahamas. Ap-praised value: TBA(008)Lot No. 1862, located Bahama Sound No. 5 East, a subdivision of land situated at the southeastern portion of The Forest Estate, in the vicinity of the settlements of the Southside and The Forest, Great Exu-ma, Bahamas. This undeveloped property contains a total of 10,000 sq ft. Appraised value $12,000.(008)Lot No. 11215, located Bahama Sound No. 8, a subdivision of land situated at the southeastern portion of The Forest Estate, in the vicinity of the settlements of South-side and The Forest, Great Exuma, Baha-mas. This developed land is a total of 10,000 sq.ft.Appraised value of $12,000. (569Lot #14872 situated at the north-eastern portion of The Forest Estate in the vicinity of the settlements of Mt. Thompson and Farmers Hill, Great Exuma one of the Bahama Islands. Property is 10,000 sq.ft. Appraised value $110,000. (569All that piece parcel or lot of land comprising of Lot numbers C-9454 & C9455 situated in a registered Subdivision called and known as Bahama Sound of Ex-uma Section 12, Exuma. Property is 20,000 sq. ft. Appraised value $170,000.(401) Vacant lot of land and being part of a parcel of a tract of land known as Hoop-ers, Great Exuma. The property is comprise of 8,661 sq. ft. Appraised value $25,000. (008All that piece parcel of land being lot#5101 located Bahama Sound #6, situ-ated about the western portion of The For-est Estate in the vicinity of the Settlements of Southside and The Forest, Great Exuma. Appraised value TBA. (569Lots #7531B, #7890R and #7890T Bahama Sound of Exuma No.II Subdivi-sion situate on the Island of Great Exuma, Bahamas. Appraised value $55,000.(008) All that piece parcel of land located lot#8810 in the subdivision known as Bahama Sound #12 situated about 7 miles northwest of George Town, Great Exuma. Appraised value TBA.(008)Lot No. 3199 situate in the subdivi-sion called and known as Bahama Sound of Exuma No.5 on the Island of Great Exuma and Lot No. 6735 situated ten and one half miles northwest of George Town being of B ahama Sound No. 8 east Exuma Bahamas. Both Lots are vacant and are 10,000 sq ft in size. Appraised TBA.(008Lot No. B-7429 Bahama Sound No. 11 of Great Exuma Bahamas. Property Size10,000 sq ft. Vacant property. Appraised val-ue $16,800. (008Lot # 4919 Bahama Sound No. 6, Exuma. Property Size 10,000 sq ft. Vacant property. Appraised value $10,000.(008)All that piece of parcel or lot of land being lot Nos. 9652 &9653 of Bahama Sound No. 9, Great Exuma situate about 101/2 miles Northwest of settlement of George Town, Exuma, Bahamas. Property Size 10,000 sq ft. Vacant property. Appraised value $34,000.(008)Lot #1202, Bahama Sound No. 3,Ex-uma. Lot size 10,000 sq ft. Appraised value $9,000. ELEUTHERA(902) Vacant Lot #18 Block 33 Section C Rainbow Bay on the island of Eleuthera, Ba-hamas. The property is located in a devel-oped residential subdivision with all ameni-ties. Appraised value $35,000. (569All that piece parcel or lot of land being Lot #5, Block 29A Section C Eleuthera S hores, Eleuthera Island, Bahamas. Appraised v alue $29,000. (565) Vacant Lot #9 (11,406.65 sq. ft.) situ-ated in Mango Lane Section B Block #15, Eleuthera Island Shores on the Island of Eleuthera. Appraised value $50,189. (565Vacant lot #5 located Eleuthera Is-land Shores, Seaside Drive Section B, Block #15, Eleuthera, Bahamas. 9,691 sq. ft. Appraised value $27,620. (902Lot # 10 comprising 10,546 sq ft situated on Northeast side of the QueensHighway on the island of Eleuthera approx. Three hundredths of a mile Northwest of the Palmetto Point crossing. Appraised Value $54,600 ( 569) Lot of land in James Cistern on Eleuthera, Bahamas measuring approx 10,000 sq.ft. Appraised value TBA (569)Lot #3 being a portion of the subdi-vision of a tract of land located in the village approximately 1.41 miles southeast of Wemyss Bight, Eleuthera, Bahamas and measuring 3.240 acres (281.27 x 502p-praised value $60,000. (902Lot #10 comprising approximately 10,546 sq ft situated on the northeast side of Queens Highway, Palmetto Point, Eleuthera. Appraised value $54,600 ABACO(909) Lot # 1, Aunt Pats Bay Subdivision Elbow Cay, Abaco containing 15,549 square feet. Appraised value: TBA(909)Lot #54, in the Hopetown Point Sub-division located Hope Town, Elbow Cay Abaco. Appraised value TBA (909Lot of land situate on the Southwestern side of S. C. Bootle Highway and approximately 2 miles Northwesterly from the settlement of Murphy Town, on the Is-land of Abaco containing 54,905 square feet. Appraised Value: TBA (909)Lot #39, located Central Pines Sub-division containing 12,473 square feet sit-uate South of Dundas Town and west of Marsh Harbour, settlement in the Central District of the island of Great Abaco. Appraised value: TBA (909Lot # 34, of a portion of Sweetings Tract, situate Southward of the Town of Marsh Harbour, in the island of Great Abaco containing 9, 109 sq ft. Appraised value: $52,500(505)Ten acres ofland on Woods Cay, Little Abaco, between CoopersTown and Cedar Harbour, Abaco, Bahamas. The property is undeveloped but has a seaview from both the north and south side. Appraised Value $1,078,750.(909) Vacant residential Lot# 63 (7800 sq. ft.) Crown Allotments located Murphy Town, AbacoAppraised value.$18,000. OTHER FAMILY ISLANDS(569Lot #518 Section 2, Phase III Stella Maris Subdivision, Long Island. Property is 11,700 sq.ft. Appraised value $45,000.(724) Vacant land, Lot #184 of Phase 3, Sec-tion 2 of Stella Maris Sub-Division (11,500 sq.ft.) situate at Adderleys, Long Island. Ap-praised value $30,000.(105) Vacant lot #53 in Block #5 in the Sub-division called and known as Port RoyaleSouth Bimini Bahamas. Appraised value TBA. (7244.8 acres of vacant land being portion of Lot #68, Flowers Road, Driggs Hill, South Andros. Appraised value $35,000. (902 #s 1 3 & 14 Block 50 Greenwood Estates Subdivision, Cat Island. property size 8,000 sq. ft each. Appraised Value $40,000 (560) Twovacant properties (Lot 12c 5789 sq.ft and Lot 12d 5231 sq.ft) Creek Bay Sub-division, Russell Island Bridge on the north-ern side of the island, Russell Island, Span-ish Wells. These lots are elevated lots that offer outstanding ocean views and a short path to the beach. Appraised value Lot 12c $85,000 and Lot 12d $80,000. PORT-AU-PRINCE, Haiti HUNDREDSof protesters who blame U.N. peacekeepers from Nepal for Haiti's widening cholera epidemic marched on a rural military base last week to demand the soldiers leave the country, according to Associated Press. Demonstrators waving tree branches and carrying anti-U.N. banners walked from the central plateau city of Mirebalais on Friday several miles to the gates of the base perched above a tributary of the Artibonite River a waterway identified by health officials as a conduit for the infection. The protesters chanted "Like it or not, they must go" as the Nepalese soldiers and other U.N. peacekeepers remained inside. Cholera has sparked widespread fear in Haiti, where it was unknown before the out-b reak was first noticed by authorities Oct. 20. As of Friday morning, more than 4,700 peo-p le have been hospitalized and at least 330 have died, according to the U.N. Office for the Coordination of Humanitarian Affairs. There has been no scientific conclusion on the origin of the e pidemic, which became evident when dozens of patients b egan dying with high fevers and watery diarrhea at a hospi tal in the town of St. Marc a few miles from the last stretch of the river. Experts say the disease was likely imported. Until this m onth there had not been a diagnosed case of cholera in H aiti as far back as records go in the mid-20th Century, said Claire-Lise Chaignat, head of the global task force on cholera control at the World Health Organization. The disease is pandemic in parts of Africa and Asia. Speculation among Haitians is increasingly centered on the Nepalese peacekeeping base near Mirebalais, much of it being stoked by politicians including the town's mayor a Senate candidate ahead of the Nov. 28 national elections. Cholera is endemic in Nepal and the country suffered out breaks this summer. The cur rent troop contingent arrived in shifts starting Oct. 9, after the outbreak in their home country and shortly before the disease broke out in Haiti. Cases have been concentrated down river along the Artibonite. The U.N. Stabilization Mis s ion in Haiti, known as MINUS TAH by its French initials, is investigating the area around the base for signs of cholera, The Associated Press learned after happening on crews testing the site Wednesday. The results o f those tests are still pending. None of the Nepalese soldiers based there have been tested for cholera because none pre sented symptoms, mission spokesman Vincenzo Pugliese said Friday. He said media reports published elsewhere saying that all soldiers had tested negative for the disease were incorrect. "By none of them presenting the symptom of the cholera there was no need to do another test," Pugliese told AP. "It's not the same as saying they were all tested negative because none of them had to be tested." The soldiers have not been tested for cholera since the out break, he said. But about 75 percent of people infected with cholera do not exhibit symptoms and can still shed them into the environment and infect others for two weeks, Pan American Health Organization deputy director Jon Andrus told reporters at a press briefing on Oct. 25. The U.N.'s Medical Support Manual for peacekeeping operations lists neither diarrhea nor cholera on its list of conditions precluding peacekeeping ser vice. The mission had initially responded to rumours of the base's involvement with a Tues day statement saying that sanitation around the base was in line with the standards set by the U.S. Environmental Protection Agency and the United Nations. But when Associated Press journalists visited Wednesday, they found open and cracked pipes behind the base, with U.N. military investigators tak ing samples. There was an overpowering smell of human waste, and a pipe leading toward a septic tank was leaking foulsmelling black fluid toward the river. The waste is dumped across the street in open pits that resi dents, who live a few yards away, said often overflow into the Artibonite tributary running below. The contractor, Sanco Enterprises SA, says the pits are sprayed with bleach. Protesters blame UN base for cholera in Haiti
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fIRUR,3FRPPXQLFDWLRQVLH%;WHOHSKRQHf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
C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, NOVEMBER 1, 2010, PAGE 13 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM /RVH:HLJKW *HW)LW+DYH)XQ0RQWDJXDUN t )W&KDUORWWH 9LVLWZZZRXWGRRUWQHVVEDKDPDVFRP TRUSTS WINEANDARTFESTIVAL RAISEAGLASS: The Bahamas National Trusts annual Wine and Art Festival, held on Saturday at The Retreat, Village Road, was deemed a huge success. A number of local artists works were on display a long with a showcase of 59 wines. T T I I M M C C L L A A R R K K E E /TRIBUNESTAFF
C M Y K C M Y K LOCAL NEWS PAGE 14, MONDAY, NOVEMBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Important Notice To our Valued Clients We wish to advise that effective November 1, 20101, Royal Bank of Canadas domestic retail and commercial banking operations conducted out of its branch network in The Bahamas will be transferred to a wholly-owned subsidiary of Royal Bank of Canada, which is headquartered in Toronto, named RBC Royal Bank (Bahamas the brand name RBC Royal Bank. RBC Royal Bank (Bahamas laws of The Bahamas and will be licensed by the Central Bank of The Bahamas. This change in legal entity is a reflection of RBCs determination to deepen its presence in The Bahamas and establish a local corporate structure for its banking operations. As a client, you will continue to receive the same competent, friendly and helpful service from the employees who have served you over the years. The changeover will be seamless and clients will not be required to take any immediate action resulting from this change in our name and legal entity structure. Through the normal course of business and well in advance, RBC will advise you of any new requirements. As RBC embarks on this new phase of its development in The Bahamas, we remain committed to providing clients with a distinctive customer experience.1Subject to receipt of all required regulatory and governmental approvals and authorizations. www.rbcroyalbank.com/caribbean Registered trademark of Royal Bank of Canada TM The Lion & Globe symbol and RBC are trademarks of Royal Bank of Canada By MIKE LIGHTBOURN WHILEthe government has increased the stamp tax on real e state transactions, it has left i ntact the exemption for first t ime home owners on properties valued at below $500,000. This is a fantastic opportunity, especially for young people who want to get their foot in the door of home ownership. T he stamp duty on homes valued at $250,001 and over is 12 per cent. This is typically shared by the vendor and purchaser. This means that first time b uyers who qualify for the e xemption will save at least $12,000 on every $100,000 of the purchase price above $250,001. So if you qualify as a first time buyer and you're paying $300,000 for a home, for example, you'll save $36,000! This also means that first time buyers w ho failed to pre-qualify for l oans by a small margin may now, in fact, be eligible to borrow. With homes at their most affordable levels in years, this is an opportunity that shouldn ot be overlooked. This exemption also applies to first time lot purchasers who buy a vacant property on which they intend to build their first home. T IP OF THE WEEKT here is no time like the pres ent to plan for the future. Do n ot procrastinate any longer. The banks are ready to work with you, so now is the time. Go out there and shop a round for the bank offerings, pick the b est for you and get pre-qualified. (Mike Lightbourn is president of C oldwell Banker Lightbourn Realty) REALESTATE:Attention first time home buyers
Several hours later, police were called after three men in a blue Chevy vehicle, one of whom was armed with ah andgun, robbed a 36-yearold man while he was walking on Mount Royal Avenue. On Saturday afternoon, two masked gunmen robbed the Asue Draw shop on Crooked Island Street andB alfour Avenue. The thugs, who were said to be armed with handguns, escaped with cash in a greenH onda Accord, licence plate number 57606, heading east along Balfour Avenue. L ater that evening, a man w as robbed while walking s outh on Collins Avenue. Two masked men, one with a handgun, made off with cash, jewellery, a cell phone and a laptop computer. U p to press time, the latest a rmed robbery was reported early yesterday morning near the roundabout at Poinciana Drive. At 12.20am, two men both with handguns robbed a man and woman of the silv er 2000 Honda Accord they were travelling in while at Nassau Street. The culprits were said to have fled thea rea east on Poinciana Drive. T he cars licence plate numb er is 195050. P olice last night said they continue to urge the community to heighten personal security measures. Sgt Chrislyn Skippings, p ress liaison officer, said: People are advised to pay attention to their surroundings at all times. For persons who have to walk at night, be extremely careful, if possible get a ride f rom someone, even if it s eems like an inconvenience. Stay away from areas with dim lighting or areas where trees, plants, or fences pro-v ide easy cover from other v antage points. A t a press conference on F riday, police officials warned how Halloween festivities could become a nightmare with criminals using the occasion to pounce on unsuspect-i ng victims. P olice Sergeant Anthony R olle urged the public to be v igilant in spite of the fun atmosphere, and also encouraged those dressing up to not incorporate imitation firearms, knives and swordsi n their costumes. C M Y K C M Y K LOCAL NEWS T HE TRIBUNE MONDAY, NOVEMBER 1, 2010, PAGE 19 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ed since November 1, 2009, will be terminated, Mrs W ilson told reporters in Grand Bahama. This self-funded scheme was launched after the union was unable to securea contract with an insurance company for groupm edical cover following previous high claims. Mrs Wilson said the union was unable to con-tinue the plan due to the l ow enrollment and lack of interest from members. She said enrollment in the programme was voluntary, and members knew w hat the challenges would b e. We had a tentative agreement with the Part-n ers Health Plan as the service providers for the BUT self-funded medical i nsurance plan, and for two weeks we have had enrollm ent. Unfortunately, less than 25 per cent of enrollees have updated information and filled outd eduction forms for continuity of their coverage. Therefore, the low num-b ers and the lack of interest, and failure to collect required premiums, we are u nable to continue the p lan, she explained. The union president not ed that not all teachers are p art of the medical plan. Because of the failure to enroll at least 75 per cent o f the original group as of l ast Friday, Ms Wilson said the Partners Health Plan m ay choose to offer indiv idually underwritten poli cies. It was noted that these p olicies may have the requirement of an assess ment of pre-existing illn esses and limited group size to 50. It was also noted that younger members will have lower premiums. Pree xisting illnesses for cover age may be compromised, canceled, or terms amende d. Ms Wilson said the union will seek to settlet he large amount of funds t hat is owed to various ser vice providers. She said the BUT has h ad contractual agree ments with every private medical insurance compa-n y over the past 30 years in t he Bahamas. We have exhausted the market. As a result of highc laims experienced in r ecent times, we are unable to secure a contract for group medical insurance coverage for our teachers, both active and retired. What I want to say, though, is that in our new collective bargaining agreement which was pre sented to the government on June 3 of this year, we have proposed where the government pays for major medical insurance cover age premium for our 4,000 members, Ms Wilson said. SEE PAGETHREE o f the IACP, and values its membership and association with perhaps, the most influential grouping of law enforcement officials in the w orld. We are likewise committed to the further s trengthening and development of regional cooperation to the benefits of our respective c ountries and to the entire world, Commis sioner Greenslade said. We have benefited significantly by our m embership with the IACP and we have been a ble to better serve our respective communities as a result of our membership. Crime is globa l in its scope and criminals are certainly not restricted by geographical boundaries. Recent international news headlines have clearly shown that countries in the Caribbean and Central America are not beyond this crimin al reach. The availability and use of technology have extended the reach of criminal enterprises thatp erpetrate their nefarious deeds with, somet imes, perceived impunity across the globe. N o country is immune. Notwithstanding, our ability to respond to the myriad of new challenges and global threats is enhanced by our willingness to embrace our law enforcement brothers ands isters across the globe and to leverage the tremendous capabilities that exists among those of us with comparative advantage in many areas of law enforcement. I firmly believe, therefore, that collaboration and the sharing of timely information and r esources will continue to provide us the best o pportunities of success against such evil forces. ving a 2006 Suzuki SUV headed south when the men approached her vehicle at Market Street and Ross Corner. Less than two hours later, police were called to another shooting at Eneas Street off Meadow Street. A 28-year-old man suffered gunshot injuries to the chest and abdomen afterh e got into an altercation with another man. Both victims were taken to hospital by emergency medical services. E arly yesterday morning, a 20-year-old man was shot in the left leg while at The Lounge on East and Lewis streets. The shooting was reported at 4.30am, however details of the gunmanw as said to be unknown up to press time. The victim was take n to hospital by a private vehicle. A police spokesman said: We are beefing up police presence as we head into the holiday season, to ensure as is our goal t he safety of all residents. The public can expect to see more police on the road and in the community. We will be doing all we can to ensure thatp ersons are safe. BUTmembers lose medical insurance FROM page one Armed robberies prompt increased police presence F ROM page one Shootings leave three people in hospital FROM page one Commissioner appointed to top regional role FROM page one
By NEIL HARTNELL Tribune Business Editor ROBIN HOOD believes sales at its new Prince Charles Drive store will exceed those at its existing Summerwinds Plaza location by 20-25 per cent once it opens later this year, with its existing trade suffering only a -8 per cent cannibalisation. Speaking to Tribune Business in an exclusive interview, Sandy Schaefer, the expanding retailers princi pal and president, said of the new 44,000 square foot store: Suffice it to say, we expect it to exceed current sales at the existing store because of the demographics. It could do 20-25 per cent more. He explained that this forecast was premised on the Prince Charles outlets proximity to the major popula tion centres in eastern New Providence, whereas the existing store located off the Tonique Williams-Darling Highway was based some distance from major residential areas. The other store is more of a destination store, MrS chaefer told Tribune Busi ness. We have customers who come from out east, so we expect there to be 6-8 per cent cannibalisation of the existing store. But customers that come to see us from out east may come twice a B y NEIL HARTNELL Tribune Business Editor and ALISON LOWE Business Reporter T he move by an affiliate of Bahamas Food Services (BFS a nd its principal, Ben Frisch, to acquire the 78 per cent majorit y shareholding in City Markets doesnt make sense at any lev el, one competitor believes, as Tribune Business sources con firmed that rival retailers werea lready taking steps to stop buying meat and other produce f rom the wholesaler. The signing of a Memorand um of Understanding (MoU between Associated Grocers of the Bahamas, a BFS/Mr Frisch affiliate, and BSL Holdings over the purchase of the latters 78 per cent equity holding in Bahamas Supermarkets, CityM arkets operating parent, has produced a variety of reactions w ithin the Bahamian grocery retail and wholesale industry including outrage, paranoia and incredulity. Among the latter category was Robin Hood principal and president, Sandy Schaefer, who was initially disbelieving about the identity of City Markets p urchaser until Tribune Business presented him with its evi d ence. Mr Schaefer questioned why anyone would want to assume the high debt burden currently on City Markets books, w hich includes some $10.54 mil lion in accounts payables owed m ostly to Bahamian suppliers, plus RoyalBank of Canadas bank loans. If indeed it is a wholesaler, it doesnt make sense to me on a ny level, Mr Schaefer told Tribune Business. I dont see w hat is to be gained financially by any enterprise when acquiri ng such a high debt burden to begin with. Theyre putting themselves behind the 8-ball to begin with to encumber your self with such a heavy debt bur-d en. What will come out of it, I d ont know. To me, its merely delaying the inevitable. Mr S chaefer estimated that any buyer would require some $50$60 million to acquire City Markets and revamp the stores. Unless you can to that, youre in for a very long haul. Another leading retailer, who requested anonymity, was j ust as incredulous about the move by BFS and Mr Frisch. They wouldnt trade their lucrative wholesale business fora non-existent retail business, the source said. That would be beyond stupid. The Solomon B rothers shot themselves in the foot. Theyd [BFS] shoot their h ead off trading a good whole sale business for a retail busin ess that doesnt exist. I dont know why anybody would buy it because the other retailers, Supervalue, Abaco Markets, Robin Hood, Premier F oods have their sales, so why should anybody buy their e xpenses? I wouldve thought it would have to go through liqu idation as I think the parts are more valuable than the whole. The reference to Solomon Brothers relates to how that company lost all its wholesale C M Y K C M Y K SECTIONB email@example.com MONDAY, NOVEMBER 1, 2010 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third party and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.19 $4.20 $4.22 B y ALISON LOWE Business Reporter firstname.lastname@example.org A WHOPPING83 per cent increase in visitor arrivals since the re-opening of the Emerald Bay resort under the Sandals brand has had an undeniably posi-t ive impact on Exuma and helped revive the islands economy, Sandals Resorts Internationals chief executive, Adam Stewart, has asserted. And in the expectation of building on this, the all-inclusive couples resort chain has revealed it is set to dedicate 30 perc ent of its entire global marketing and advertising budget to the Emerald Bay resort alone notwithstanding the fact it operates other 21 hotels worldwide. To say that were invested is an understatement. We are going nuts, we are g oing to town and really trying to make the stars align, Mr Stewart told TribuneB usiness, adding that he was very upbeat about progress so far at the resort and the prospects for the future. According to Sandals, 12,000 guests have come to the resort since it opened in February 2010, and on many days it has had an enviable occupancy rate of around 7 0 per cent albeit 10 per cent lower than the 80 per cent it averages throughout its c hain of resorts. Visitor arrivals to Exuma rose by 82.8 per cent year-over-year between June 2009 and June 2010, with arrivals for 2010 already up by 4,371 persons. Mr Stewart said building the destinations reputation in the global marketplace is a work in progress, but the comp any expects to have a good Christmas, By ALISON LOWE Busines Reporter email@example.com SANDALSResorts International will have to expand its Emerald Bay property in the future tosee a return on our investment, according to chief executive Adam Stewart, who said anything is possible in response to suggestions the company may intend to acquire the nearby Grand Isle Villas Resort in Great Exuma. Sandals operates 22 hotels worldwide, but has found that Exuma is easily the most expensive destination (the company has ever) been in, Mr Stewart told Tribune Business. We thought Turks and Caicos was expensive. This place is very, very easy to lose money, said the chief executive. (Sandals Emerald Bay is a small hotel 183 roomsand it has a massive golf course. One day we willhave to expand it to get a return on our investment. Earlier this month, Tri b une Business reported that Sandals may have already made an offer for the $110 million, 78 unit Grand Isle Villas Resort property, which sits adja cent to the Emerald Bay R esort that Sandals purc hased from receivership in 2009 for around $25 million. That offer was said to have been turned down. Tribune Business further understands that law firm Lennox Paton, which acts for the debenture holder of Grand Isles debt, is also working on a deal to facilitate Sandals acquisition of Grand Isle Villas, which is BFS deal for City Markets doesnt make sense at all Retail outrage over wholesalers possible purchase of 78% Bahamas Supermarkets interest, with some groups preparing to cut it off as supplier Robin Hood chief says move merely delaying the i nevitable, and buyer putting themselves behind 8 -ball to start with by taking on huge debt load Estimates of capital infusion needed r a ng e fr om $ 25-$30m to $60-$70m Questions linger over short due diligence period, and numerous other issues surrounding City Markets SEE page 4B SEE page 5B NEW R OBIN HOOD S TORE TO BEA T FIRS T OUTLET B Y -25% Expecting only -8% cannibalisation of Summerwinds Plaza sales thr ough Prince Charles opening* Looking at Magic Johnson branding for shopping centr s g ym, with other tenants likely to include Sbarrs, Scotiabank Ener g y efficiency measures to reduce new stor s electr ic bill b y -40% at minimum EXPANDING: New Robin Hood shopping store and centre on Prince Charles Drive. SANDALS: EMERALD BAY MUST EXPAND TO GENERATE RETURN Sandals whopping 83% arrivals boost Resort chain dedicates 30% of global marketing budget solely to E merald Bay property Hotel chief says property has attracted first-ever jet service by American Airlines to Bahamian island Produces host of data to show positive economic impact, including $250k contractor spend; 25% of guests buying at least one local tour; and $35k per month to taxi association $865,000 in Customs duty, $250,000 in departure tax and $374,785 in room tax paid since February 2010 opening INCREASE: Emerald Bay, Exuma SEE page three SEE page 6B Exuma easily the most expensive destination resort chain has seen On possible Grand Isle purchase: Anythings p ossible
B y ROYALFIDELITY C APITAL MARKETS IT WASan exciting week of trading on the Bahamian stock market. Investors traded in 11 out of the 24 listed secu-r ities, with three decliners and o ne advancer. EQUITY MARKET A total of 180,322 shares changed hands, representinga n increase of 110,246 shares, m ore than doubling the prev ious week's trading volume of 70,076 shares. Cable Bahamas (CAB the volume leader and lone advancer again last week, trading a volume of 65,490 shares to see its stock pricei ncrease by $0.24, closing at $ 10.47. F inance Corporation of the Bahamas (FIN again the big decliner, trading a volume of 5,585 shares to see its share price fall $0.81 toc lose at $7.29, a new 52-week l ow. Commonwealth Bank Limited (CBL of 34,637 shares to see its stock price decrease by $0.09, closing at $6.50. C olina Holdings (CHL t raded a volume of 10,000 shares to decrease by $0.14, its share price closing at $2.36. Doctors Hospital Health Systems (DHSu me of 60,500 shares to see its s tock price close unchanged a t $1.77. BOND MARKET No notes traded in the Bahmian bond market last week. C OMPANY NEWS Earnings Releases: Commonwealth Bank (CBL financial results for the quarter ended September 30, 2010, r eporting total comprehensive i ncome available to common shareholders of $12.7 million, an increase of $5.3 million or 72 per cent from the $7.4 million reported during the sameq uarter in the previous year. I t was noted that while net i nterest income of $28 million increased moderately by $1.8 million, or 6.8 per cent, from $26.2 million in the comparative quarter, loan impairmente xpense fell significantly by $ 5.6 million or 60 per cent from $9.3 million to $3.7 million. Management noted that the improvement in loan impair-m ent expense was attributed t o improved credit quality and h alving Commonwealth Banks non-performing loan level since December 2009 to less than 1 per cent. CBL's non-interest expense o f $13.4 millon increased by $ 1.7 million or 14 per cent quarter-over-quarter, due primarily to higher general and administrative expenses. Earnings per share for the q uarter were $0.13, compared t o $0.08 in the 2009 third quart er, an increase of $0.05. Commonwealth Banks total assets and liabilities at September 30, 2010, were $1.4 billion and $1.16 billionr espectively, compared to $ 1.38 billion and $1.15 billion at year-end December 31, 2009. C M Y K C M Y K BUSINESS PAGE 2B, MONDAY, NOVEMBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM NASSAU INSURANCE BROKERS AND AGENTS LIMITED Atlantic House,2nd Terrace & Collins Avenue P.O.Box N-7764 Nassau Tel.677-6422 www.nibaquote.comThe best value home insurance has a surprisingly calming effect!Do not underestimate the cost of storm damage and make sure your insurance cover will meet the bills.NIBA can help assess your insurance needs so that you are adequately protected.And the calming effect? That comes when you see the price.Home insurance costs less with NIBA.Its time to pay less for insuring your home! Tel.677-6422 or visit www.nibaquote.com Open Saturdays10.00am2.00pm ROYALFIDELITY MARKET WRAP EQUITY MARKET TRADING STATISTICS W eek ending 29.10.10 BISXCLOSINGWKLYVOLUMEYTDPRICE S YMBOLPRICEPRICE CHANGECHANGE AML..................$1.01.......................$-...................................2,000.....................-13.68% BBL...................$0.18.......................$-...................................0............................-71.43% B OB..................$4.90.......................$-...................................220........................-16.95% B PF...................$10.63.....................$-...................................0............................-1.02% B SL...................$5.01.......................$-...................................0............................-50.20% B WL..................$2.84.......................$-...................................500........................-9.84% CAB...................$10.47.....................$0.24.............................65,490...................4.91% CBL...................$6.50.......................$-0.09............................34,637...................-7.14% CHL...................$2.36.......................$-0.14............................10,000...................-13.24%C IB....................$9.74.......................$-...................................250........................-2.50% CWCB...............$2.05.......................$0.17.............................0............................-28.07% DHS..................$1.77.......................$-...................................60,500...................-30.59% FAM..................$6.07.......................$-...................................100........................-6.47% FBB...................$2.17.......................$-...................................0............................-8.44% F CL...................$5.46.......................$-...................................1,040.....................14.47% F CLB.................$1.00.......................$-...................................0............................0.00% FIN .................... $7.29.......................$-0.81............................5,585.....................-21.44% I CD .................... $5.59.......................$-...................................0............................0.00% J SJ .................... $9.92.......................$-...................................0............................-0.30% P RE .................. $10.00.....................$-...................................0............................0.00%
a good January and February in terms of bookings, being of the impression that a lot of things are going right so far in terms of the response to the resort. L aying out various aspects of its investment in Exuma to date, Sandals released a slew of figures to Tribune Business, detailing that in addition to its outlay of $15 million in Sandalising Emerald Bay, the company has paid $6 million in electricity andp hone bills; $865,000 in Customs duty; more than $500,000 in N ational Insurance Board (NIB contributions; $250,000 in departure tax and $374,785 in room tax since opening the resorts doors. A further $250,000 hasb een spent on employing Exuma-based contractors, and 98w eddings with document fees of $135 each have added up to $ 13,304 in government dues, plus ministers fees of close to $7,000. But Mr Stewart also advised that expectations must be man-a ged when it came to compari sons between conditions now and life on Exuma when the p roperty was operated under the Four Seasons brand, given the f act that the former resort opened during the ramp up of the dot com era, while Sandals was operating during some of the worst economic times. Speaking with this newspaper after taking note of commentsby Exuma Chamber of Com merce president, Floyd Armb rister, who lamented that in his opinion Sandals all-inclusive model allows for little trickle down or spin-off effects for Bahamian-owned businesses, Mr Stewart told this newspaper Mr Armbrister's comments were hard to digest. He suggested that the re-open i ng of the hotel under the Sandals brand had already brought significant benefits to Exuma, with these only set to grow onceits efforts to enhance global recognition of the island as a top recogniaed destination bear fruit. While not wishing to get into a tit for tat, Mr Stewart noted t hat a letter was written by Sandals to the local Chamber of C ommerce asking them to sub stantiate their claims, although no response was received. Firstly, the all-inclusive model has proven to be very benefic ial to tourism in the Caribbean, said Mr Stewart. We were in it f rom the early days, and the notion that all-inclusive doesnt allow for trickle down effects..... well, I cant speak for other companies, but I can speak for Sandals, and whether its with the taxi drivers, the Government, NIB contributions, local excursions, local produce bought from local farmers it is one of the core values of Sandals to always find ways to give back to the local economy. However, one of the things people often overlook with Sandals Emerald Bay is that it is one of the most unique ventures we have ever done. Its in an Out Island, and part of what is magnificent about it is the privacy, but that also means fewer people know about it. We are in the process of trying to put Exuma on the map as a mainstream destination for North America and Europe. We are going out and getting airlift, we are bringing in travel agents to see the place. It is coming together beautifully d own there but there is a process. And he suggested that even when economic conditions do improve, it would be unreasonable to expect the same level of activity on the island. The Four Seasons started o perating during the ramp up of the dot com era. I dont think in m y lifetime we will ever see those kinds of times again. There is not one brand in my group of companies that is optimistic about ever getting back to where theyw ere before, Mr Stewart said. Key steps initiated by Sandals t o benefit its resort and the Exumian economy include new f lights in and out of the island by Delta and Air Canada the latter bringing 2,338 people to the island since March -a nd the first ever jet service by A merican Airlines into the Bahamas, which will begin fly i ng to the island on a weekly basis on November 18. T his will benefit not just San dals but the entire island, noted Mr Stewart, adding that a jet rather than propeller-driven aircraft is important for generating arrivals, given that many people are not so comfortable flying on prop-planes. Sandals said some $3.25 mill ion has been spent on bringing 3,000 US travel agents from 23 cities to the Emerald Bay resort, giving them exposure to what the property and, by extension, Exu ma has to offer, so they can promote the destination to travel ers abroad. Its like test driving a car. We h ave done this before but never on this scale. They come and see the water, drink Bahama Mamasseeing is believing, and we want people to see why we fell in love with Exuma, said Mr Stewart. In terms of their interaction with Exumians, Sandals said its g uests usually hire an average of 10 rental vehicles each day, 25 per cent of them participate in at least one local tour, and local taxi drivers have been busy ferrying guests and travel agents to and from the property. S ome $35,000 is spent on average per month by the resort to p ay Exuma Transit, the local taxi association, which carries out this s ervice for the guests on behalf of Sandals Emerald Bay. Bahamian vendors are invit ed on property weekly to teach craft classes and sell their crafts, and around $500,000 has been spent on employing a range of Bahamian entertainers, said the company. Mr Stewart emphasised Sandals training of its employees 382 of whom are Bahamian as another key way in which its presence produces long-term pay-offs for Bahamians, providing transferable skills which will benefit the hospitality worker fora lifetime. Just under a dozen Exumian employees received very intense training with the Guild of Professional English Butlers, giving them a qualification which he said will stand them in good stead to obtain jobs in London or New York if they should w ish. Its good enough to stand up anywhere in the world, said Mr Stewart, noting other broaderbased training initiatives thatrb enefited employees from the line staff to managerial levels, as well as an internship programme that took in 100 local school stud ents. Sandals purchased the 500acre resort property in 2009 after former owners, Emerald Bay Resort Holdings, ran into finan cial difficulties which forced the p roperty to go into administration and led to the lay off of 400 B ahamian workers. The hotel was re-opened under Sandals ownership and management inJ anuary 2010. C M Y K C M Y K BUSINESS THE TRIBUNE MONDAY, NOVEMBER 1, 2010, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 7HPSRUDU\RVLWLRQSDQLVKHDFKHU 776,19(670(176,1& 1RWLFHLVKHUHE\JLYHQWKDWLQDFFRUGDQFH ZLWK6HFWLRQRIWKH,QWHUQDWLRQDO %XVLQHVV&RPSDQLHV$FWRI 776 ,19(670(176,1& KDVEHHQ'LVVROYHGDQG VWUXFNRIWKH5HJLVWHUDFFRUGLQJWRWKH&HUWLFDWH RI'LVVROXWLRQLVVXHGWKH5HJLVWUDU*HQHUDORQ <(21*+(1* 1XQJDQW-KRQJVKDQ'LVWULFW 7DLZDQ /LTXLGDWRU F ROM page one Sandals TWOmajor Bahamian real e state firms, Bahamas Realty and Paradise Sales & Rentals, have announced they are joining forces with effect from t oday. "We are literally and figuratively marrying the two companies," said Robin Brownrigg, a director and president of B ahamas Realty. Mr Brownrigg's wife, Andrea, founded Paradise Sales& Rentals in 1992, and will now j oin her husband, becoming a director of the expanded Bahamas Realty. "People always ask me if Robin and I compete," says Mrs Brownrigg, "and I always explain we don't compete. We cooperate -as we have on many of our rentals on Paradise Island. We have been talking a bout this for years and it just makes sense to operate out of the same office after all this time." The Paradise Sales & Rentals sales force, including three brokers and one agent, will operate from Bahamas Realtys headquarters on East Bay Street a cross from Montagu Bay. Bahamas Realty also has affiliates throughout the Family Islands. LEADING FIRMS JOIN FORCES Pictured in front of Bahamas Realty, East Bay Street, are brokers, associates and support staff. Directors pict ured in front row include (starting from fourth from left rigg, President, Andrea Brownrigg, Larry Roberts, CEO, and Donnie Martinborough. Gordon Wilde, not pictured, also remains as a director. Photo/ Roland Rose for DP&A Real estate firms combine forces
clients after venturing into supermarket retailing, thus directly competing against them. Tribune Business understands that the same is also on t he verge of happening here, with several major supermarket retailers understood to include AML Foods and Supervalue already taking steps to drop BFS as a supplier and replace them with someone else. One retail group has a lready started to stop doing business with BFS as of Friday morning, one industry source, who requested anonymity, told Tribune Business. The retail industry is outraged, because theres no way they will be able to compete effectively with a retailer who has wholesale b acking/ownership. Whether its Ben Frisch personally or BFS, its all the one. They need to weigh up the value of their investment, what they think they will get out of City Markets, against the business they think they will lose. There is no doubt all the big p layers will stop buying from them. I think you will find most retailers will stop buying from BFS. T he source questioned w hether the $6-$8 million in per annum net income BFS stood to make from City Markets, assuming it restored the 11-s tore supermarket chain to the days when it chugged out a steady profit under Winn-Dixie, would compensate BFS and M r Frisch for the wholesale b usiness they stood to lose. Its not as if the population is expanding at a rapid rate, the source said. Theres onlys o much money to be made in the retail business in an everexpanding field. And another retail source a dded: Theres no way we can s upport a wholesaler who also enters the retail business. We have to cut them off. However, Tribune Business u nderstands that BFS/Mr Frisch, through their Associated Grocers of the Bahamas vehicle, may be paying next t o nothing for 78 per cent of Bahamas Supermarkets, in return for assuming all the liab ilities, payables and debt. This is a reflection of the desperation with which BSL Holdings majority owner, and City Markets operator, Neal &M assy, has been shopping the company to potential buyers, desperately seeking an exit route from what became a nightmare investment it inherited upon purchasing Barbados Shipping & Trading. Theyre trying to get rid of this like a bad rash, one retaili ndustry source said of Neal & Massys approach. As the majority BSL Holdings owner, it would feel the most impact o n its financials from having to write-down the value of its City Markets investment, a far-cry from the days when BSL Holdings spent $54 million to pur-c hase Winn-Dixies stake in 2006. It is understood that BFS/Mr Frisch could be paying a seve n-figure sum (less than $10 million) at most for BSL Holdings equity interest, via Associated Grocers of the Bahamas, a corporate identity picked up t hrough their recent purchase of rival wholesaler, Prime Bahamas, from Garland Evans. Several telephone calls to Trib une Business on Friday said that recent editions of the Yellow Pages stated that a company of the same name was listed as a food broker, operatingf rom the same address as Prime Bahamas. Mr Evans is not involved in the City Markets deal. D escribing the deal as crazy, another retail industry source told Tribune Business: There are a lot of dark holes in that company [City Markets].A cknowledging that entry price was critical to an investments success, the source estimated that a $25-$30 million capital i nfusion would be necessary to ensure City Markets survival revamping all the stores, getting inventory back on the shelves and upgrading the fir-m s antiquated equipment. Then the customers have to be won back. I dont doubt that it can be s aved, but you need significant resources to save it, the source said of City Markets. On liquidation, all is not lost, because most of the storesw ould open up again under new ownership. Maybe the sum of the parts is greater than the whole. M r Frisch was said to have access to the capital required to turn City Markets around, but other issues any buyer will h ave to grapple with include the presence of a trade union representing numerous worke rs, a high level of shrinkage and the sums owed to the employee pension fund. Some $518,898 was owed to the pension fund as at year-end2 009, and Tribune Business understands that its eligibility rules have recently been changed. Previously, City Mark ets employees would be eligible for a pension when retiring after 25 years service, but now staff have to be 65 to receive one. There are alsoq uestions over the $3 million sale and leaseback deal done between City Markets and the pension fund, in relation to s tore equipment. It is by no means a done deal that Mr Frisch/BFS will become City Markets new owners. Since their backgroundi s wholesale, they will need to parachute in an experienced retail management team, given that they have only until N ovember 5, 2010, to conduct due diligence on the company. This, too, has raised eyebrows, with one retail source telling Tribune Business: Ify oure given a week to do due diligence, it begs the question: Why? Why do you want it done so quick? They suggested it n ormally took 60-90 days for a buyer to conduct due diligence on a company such as City Markets, and Tribune Business u nderstands that the November 5 deadline is being driven by pressure from Royal Bank o ver outstanding loans. Unless this deal goes through, there is every sign that a slide into liquidation/receivership is a real possibility for CityM arkets. Other lingering questions concern whether there is a foreign ownership component in A ssociated Grocers of the Bahamas, given that Mr Frisch is thought to be an American citizen. Several years ago, BFS had attempted to pull off ana lliance with another major US food wholesaler, Sysco, and dangled as a carrot the possibility of a Bahamian Depositor y Receipt (BDR the public. However, the deal was never consummated. If there is a foreign ownership component to the CityM arkets deal, it would require government approval, but one source said: I think the Government would probably look p ast that, because the alternative is 700 people out of work before Christmas. The difficulty for them is that Ben is already here. W hile calls to most Bahamian wholesalers were not returned, one company said it hoped the company behind the p roposed buyout Associated Grocers is all Bahamian and above board. And another wholesale i ndustry source said: Theres a fair bit of paranoia around. S ome are saying that Ben buying City Markets is a bad thing, b ecause they wont support the local wholesalers, but theyveb een saying theyve got every intention of supporting the local w holesalers. Not everyone, though, was against a BFS/Mr Frisch purchase of City Markets. One source close to the potentialt ransaction pointed out that, with the likes of Robin Hooda nd Phils Food Services increasingly buying from abroad and cutting out Bahamian wholesalers, the traditional retail-wholesale model was u ndergoing some drastic changes. Retail is changing and people cant stay the same, the s ource said. To change, youve got to adopt some new models. The Bahamian consumer will benefit from a well-run, wellmanaged and well-stocked B ahamian business that is going to be very competitive. It willb e good for the Bahamian consumer. C M Y K C M Y K BUSINESS PAGE 4B, MONDAY, NOVEMBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM F ROM page one BFS deal
month currently, whereas they will be able to come three to four times a week to the new store if they want. Mr Schaefer also disclosed that Robin Hood was looking to brand the second floor gym at its planned 44,000 square foot shopping centre set to be constructed at the same Prince Charles site as its second store as a Magic Johnson Signature Club. Weve actually spoken through intermediaries to Magic Johnsons group about the potential, Mr Schaefer said. Theyre intending to come at the beginning of the year  to look at the site, and if we dont do it through them, well do it through a local vendor. Whatever happened, Mr S chaefer pledged that the proposed gym would be one of a kind, and feature the likes of steam baths, massage rooms and, possibly, a beauty salon. It could even take up the entire 22,000 square foot second floor of the planned centre, which will cost $4-$4.5 million to construct, and be open by August in time for the Back-to-School shopping season. The Robin Hood president said there would be approximately 10 tenants on the shopping centres ground floor, adding: Were looking to put Sbarros in there, perhaps another nice restaurant. Were also talking with Scotiabank about a bank branch.We havent got a commitment, but were speaking to them. I think we will get a great return on it [the shopping cen tre], but the point is not to kill people with high rents, because otherwise they will not flourish. Mr Schaefer said Robin Hoods Summerwinds Plaza store was per cent rentedat all times, in terms of the 24 in-store concessions, and Prince Charles would feature another six. By keeping rental rates reasonable, he explained that these entrepreneurs were able to plug per cent of start-up capital into inventory purchases and get going, rather than getting bogged down with high operating costs. Asked if the Prince Charles store would open in time for Christmas, Mr Schaefer replied: It just has to. Its so important for us. Thats why its reasonable for us to spend the money on continuing to get it done, because every week we lose, we lose hundreds of thousands of dollars in potential sales. Some 10 checkout counters will be installed at the Prince Charles store in time for its opening, with another twofour set to be added once an 8,000 square foot extension is added on its eastern side. Fresh English cheeses and other delicacies will be flow out from Europe on a regular basis, and the store will feature a bakery, deli, dry greens, fresh meat, produce, frozen and dairy sections. Also offered will be hard goods, such as appliances, electronics and hardware, plus domestic clothing. As for the six in-store concessions, Mr Schaefer said Robin Hood had a tentative commitment from Western Union, the money transfer business, to go into the Prince Charles Drive store. Other likely tenants are a pharmacy, Cash for Gold, a restaurant and a golf shop. He was hoping to close the restaurant deal imminently. Mr Schaefer also pledged that energy efficiency and conservation would be a hallmark of the Prince Charles Drive store. Were putting in 54 skylights, which are the same skylights that Wal-Mart uses, he told Tribune Business. They are really resolute, because they do not let the light in. Whatever you save on lighting you usually make up for in cooling, but these do not let in UV (ultra violet rays that fade clothing and other products. Wall-Mart has put them into every one of its stores. A shipment of LED (Light Emitting Diode) lights had also been imported direct from the manufacturer in China, and Mr Schaefer said: They use anywhere from 510 per cent of the electricity that youd use with regular fluorescent lighting. The Prince Charles Drive store will also employ an ultra high efficiency HVAC air conditioning system, prompting Robin Hoods president to say: Im sure that between the skylights, the high efficiency lighting and high efficiency AC, we will save between 30-40 per cent of our electricity bill at minimum. When you look at the electricity bill, tens of thousands of dollars a month goes right from the bottom line. C M Y K C M Y K BUSINESS THE TRIBUNE MONDAY, NOVEMBER 1, 2010, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM $11281&(0(17 New Robin Hood store to beat first outlet by -25% F ROM page one
now itself in receivership. Responding to these reports, Mr Stewart said: Anything is possible. We certainly dont have anything locked up. We made a commitment to the Government to fix the hotel [Emerald Bay] and put i t back in order so we could r e-employ most of the Bahamains who were laid off. We spent $15 million Sandalising it and its a magnificent hotel, so theres no commitment to anything around that, he added, when pressed as to whether Sandals envisaged a timeframe within which this expansion would need to take place. Appearing at the Exuma Business Outlook seminar in Exuma last week, Director General of Tourism, David Johnson, along with Chamber of Commerce president Floyd Armbrister and February Point development managing director, Randy Hart, all expressed concerns about the state of some elements of the public infrastructure in Exuma from the medical facilities to the public dock and the general appearance of Georgetown, and how this may impact both visitors and Bahamians. M r Stewart said he has no m ajor concerns about infrastructure on the island as far as it has the potential to impact tourism, but does believe that Georgetown International Airport where all visitors to the Sandals Emerald Bay Resort fly into needs to be looked at by the Government. It is no longer an Out Island airport, Mr Stewart said. It is truly an international airport and it is only going to get more busy. I am told the Government is looking at it and we would encourage them. When you have the Air Canada flight on the ground and there are 140 people there, it gets crowded. But we do not have many complaints the roads are cute its part of the experience. Mr Stewart went out of his way to applaud the Ingraham administration for how accommodating it has been towards Sandals generally. They have fulfilled everyt hing they said they would and have been very business friendly, so we have to pay our respects we couldnt have asked for a whole lot more in terms of helping us get off the ground quickly, said Mr Stewart. Sandals acquired the Emerald Bay resort from receivership in 2009, reemploying the majority of the 400 Bahamians who were laid off after it closed down in May of that year. Outside of Exuma, Mr Stewart noted that his company is very happy with conditions at Sandals Royal Bahamian Resort in Nassaus C able Beach, considering it t o have one of the strongest reputations in the all-inclusive marketplace. We renovated it in 2009 and again in 2010, so it just keeps getting better. You can never be too happy and we do have to watch costs closely its not the cheapest destination but it is definitely one of the most powerful destinations in the marketplace, said Mr Stewart. C M Y K C M Y K BUSINESS PAGE 6B, MONDAY, NOVEMBER 1, 2010 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1.261.00AML Foods Limited1.011.010.000.1500.0406.73.96% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.50Bank of Bahamas4.904.900.002200.5980.2608.25.31% 0 .580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.492.84Bahamas Waste2.842.840.000.1680.09016.93.17% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.4710.470.002001.2270.3108.52.96% 2 .842.36Colina Holdings2.362.360.000.7810.0403.01.69% 7.005.40Commonwealth Bank (S1 6.506.500.000.4220.23015.43.54% 3.651.63Consolidated Water BDRs1.892.040.150.1110.04518.42.21% 2.551.60Doctor's Hospital1.771.770.000.1990.1108.96.21% 6 .995.94Famguard6.076.070.00-0.0030.240N/M3.95% 10.207.29Finco7.297.290.001850.2870.52025.47.13% 11.408.77FirstCaribbean Bank9.749.740.002500.6450.35015.13.59% 5.513.75Focol (S 5.465.460.000.3660.21014.93.85% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 5.595.00ICD Utilities5.595.590.000.0120.240465.84.29% 1 0.509.92J. S. Johnson9.929.920.000.9710.64010.26.45% 10.0010.00Premier Real Estate10.0010.000.000.9910.80010.18.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 9 9.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 1 00.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield F INDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 20 November 2029FRIDAY, 29 OCTOBER 2010BISX ALL SHARE INDEX: CLOSE 1,488.93 | CHG 0.16 | %CHG 0.01 | YTD -76.45 | YTD % -4.88BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 1 9 October 2017 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-23201 9 October 2022 Prime + 1.75% P rime + 1.75% 6.95%BISX LISTED & TRADED SECURITIES AS OF:7 % Interest 52wk Hi 52wk Low Symbol Bid $ Ask $ Last Price Daily Vol EPS $ Div $ P/E Yield 10.065.01Bahamas Supermarkets5.016.0114.00-2.9450.000N/M0.00% 0.550.40RND Holdings0.350.400.550.0010.000256.60.00% 41.0029.00ABDAB30.1331.5929.004.5400.0009.030.00% 0.550.40RND Holdings0.450.550.550.0020.000261.900.00% 52wk-Hi52wk-LowFund NameNAVYTD%Last 12 Months %NAV 3MTH 1.50561.4076CFAL Bond Fund1.50564.65%6.96%1.482477 2.92652.8300CFAL MSI Preferred Fund2.91871.10%3.13%2.919946 1.55791.4920CFAL Money Market Fund1.55793.37%4.42%1.539989 3.20252.8522Royal Fidelity Bahamas G & I Fund2.8624-8.16%-7.49% 13.638813.0484Royal Fidelity Prime Income Fund13.56421.47%2.95% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.13181.0000FG Financial Preferred Income Fund1.13183.85%5.22% 1.09691.0000FG Financial Growth Fund1.09692.71%6.44% 1.13201.0000FG Financial Diversified Fund1.13203.79%5.71% 9.69389.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.69383.77%5.71% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.5308-2.23%4.10% 10.00009.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 39.4372-5.63%-5.63% 7.96644.8105Royal Fidelity Int'l Fund Equities Sub Fund7.88302.15%6.29% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00 YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeks Bid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volume Last Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded today NAV Net Asset Value DIV $ Dividends per share paid in the last 12 months N/M Not Meaningful P/E Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100 (S) 4-for-1 Stock Split Effective Date 8/8/2007 (S1) 3-for-1 Stock Split Effective Date 7/11/200730-Sep-10 30-Sep-10 107.570619 105.776543 30-Jun-10 30-Sep-10 NAV 6MTH 1.460225 2.911577 1.524278TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Sep-10 30-Sep-10 30-Sep-10 30-Sep-10 31-Aug-10MARKET TERMS30-Sep-10 30-Sep-10CFAL Securities Ltd. (Over-The-Counter Securities)31-Aug-10BISX Listed Mutual FundsNAV Date 30-Sep-10 30-Sep-10 T HE COLLEGE OF THE BAHAMASV isit our website at www.cob.edu.bsT he College of The Bahamas S chool of English Studies P resents the 5th Annual Anatol Rodgers Memorial Lecture W ith special guest author and professor D r. Anna Everett on the topic: Have we Become Post-racial yet? T rends in Race, Media and Identity Politics in the Age of Obama.Thursday,November 4, 2010 7:00 p.m.P erforming Arts Centre The College of The Bahamas Oakes Field Campus The event is free, but seating is limited s o make your reservation today by contacting the School of English Studies at 302-4381. D r. 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THE final game of the Deacon Eddie 'Marker' Rahming Basketball Classic came down to a shootout with Patrick MVP Brice leading New Breed to the initial championship win Saturday night at Freedom Park, Fox Hill. Playing against some of his former team-mates, Brice exploded for a game-high 14 points to pace New Breed, coached by Stanford Davis, to a 35-33 decision over Macedonia Baptist, coached by Brent Stubbs. "It was a great feeling," said Brice, who was also named the most valuable player. "I played against a lot of the guys that I grew up with here in Fox Hill. But I just wanted them to know this is my park." Davis, who has coached just about all of the players who played on both teams in the final, said he was delighted to make history as the first winning coach in the tournament. "I feel great. I feel super. Growing up with coaches like Marker, who took us to the game, I feel honoured to have never played for him, but to win the first one in his honour," Davis said. "I am particularly glad for the younger players because they get an opportunity to seea living legend in Fox Hill and to see some of the players whom he coached in the past." Miguel 'Shorts' Higgs scored 12 points in a losing effort. But swingman Kieron Munroe said it was a tough pill to sallow. "I think it was a good tournament. I think we played to the best of our potential, but at the end, I think they just wanted it a little more than us," Pratt said. "We missed a couple of free throws because I think we were a little tired because By RENALDO DORSETT Sports Reporter firstname.lastname@example.org AS the international pro file of our national cricket programme continues to grow, the Bahamas is preparing to face arguably its tough-est test yet in the month ahead. The Bahamas men's senior national cricket team is gear ing up for the challenge to compete at the Pepsi International Cricket Council's World Cricket League Divi sion Eight, November 6-12 in Kuwait. Teams from eight countries dispersed across five continents are expected to contest the first ever WCL Division Eight. Participating teams include Suriname, Vanuatu, Bhutan, Gibraltar, Germany, Zambia and the Bahamas. The Bahamas will have to finish in the top two to be promoted into Pepsi ICC World Cricket League Division Sev en, which is scheduled to take place in Botswana in May next year. Teams that have already qualified for that tournament are the host country Botswana, Japan, Nigeria and Norway. The matches will be hosted on four match grounds in Kuwait, Hubara, Unity, KECand Sulaibiya. This particular event will feature eight sides, whereas o ther ICC events traditionally hosted six teams in the World Cricket Leagues and thus the tournament is being played in a format with two groups of four. In the group stages, each team will be assessed two points for a win, one point for a tie and will receive no score for a loss. The sixth day of the tour nament will feature playoffs between the groups after the final group standings have been completed. The Division Eight finals and position playoffs will conclude the tournament on its final day. The senior national team are slated to travel to Kuwait early to familiarize itself with the surroundings and partici pate in a few exhibition matches before the tourna ment gets underway. The junior programme continues to excel as well as they prepare for international competition in the US at the end of the year for an age-group tournament. C M Y K C M Y K MONDAY, NOVEMBER 1, 2010 THETRIBUNE PAGE 15 P AGES 16 & 17 International sports news TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 14 inducted into Hall of Fame... S ee page 18 S S O O F F T T B B A A L L L L B B S S C C R R E E S S U U M M E E L L E E A A G G U U E E P P L L A A Y Y ON Saturday, starting at 10am, the BSC is all set to resume its 2010 Rev Dr Anthony Carroll Softball Classic at the Baillou Hills Sporting Complex after taking a two-week break with a series of games scheduled on three different fields. Here's a look at the schedule: F F i i e e l l d d o o n n e e 1 0am Temple Fellowship vs T ransfiguration (19 1 1am Faith United vs Transfiguration (Co-ed Noon Temple Fellowship vs Transfiguration (Men 1pm Transfiguration vs Temple Fellowship (Co-ed 2pm Transfiguration vs Macedonia (Men F F i i e e l l d d t t w w o o 10am Faith United vs Macedonia (19 11am Macedonia vs Salem (Co-ed Noon Zion vs Macedonia (Men 1pm Calvary Deliverance vs Zion Men) 2pm Golden Gates vs Salem (Men F F i i e e l l d d t t h h r r e e e e 10am Jordan Prince Williams vs St John's (19 11am St Paul's vs St John's (Co-ed Noon Jordan Prince Williams vs Faith United (19 1pm Salem vs Faith United (Co-ed 2pm Faith United vs St Paul's (Co-ed B B A A S S K K E E T T B B A A L L L L P P R R I I M M A A R R Y Y S S C C H H O O O O L L P P L L A A Y Y THE Archdiocesan Primary Schools are scheduled to continue its basketball league today with two games on tap, starting at 3:15pm. St Thomas More Sparks are expected to travel to play St Francis/Joseph Shockers and the defending champions St Bedes Crushers are slated to travel to play St Cecilias Strikers. SPORTS IN BRIEF IN a matchup of unbeaten teams in week three of the Commonwealth American Football League (CAFL defending pennant winners remained undefeated. The John Bull Jets used the spark of a momentum shifting defensive touchdown to spark a 24-12 over the V8 Fusion Stingrays. Trailing 6-0, Jets safety Thomas Wildgoose intercepted a pass in the shadow of his own goal line and returned it 99 yards for a touchdown to tie the game. Wildgooses play was the first of 24 unanswered points for the Jets as they moved to 3-0. The Stingrays fell to 2-1 on the year. V8 Fusion scored their only touchdowns of the game on their first and final possessions and gave up the ball on five turnovers. Marched The Stingrays marched the ball easily downfield on their opening possession after a long run by Jamaal Breakaway Storr, and Nesley Mugga Lucien scrambled for a touchdown run just plays later. After the Stingrays Defence forced a three and out on the Jets first possession, a bad snap by the punt team was recovered at the goal line, placing the Stingrays in scoring possession. Wildgooses interception two plays later shifted the tide of the game. The Jets forced a fumble on their very next possession, a drive that ended on a touchdown run for a 12-6 lead. In the third quarter, the Jets moved ahead 18-6 on a touchdown pass from Drameco Clarke to Reggie Knowles. An early fourth quarter touchdown gave the Jets a commanding 24-6 lead with just over 10 minutes left to play. The Stingrays rallied on their final drive for a score to pull closer. Storr lined up in the slot and caught a long pass play and caught a touchdown reception two plays later to bring about the games final margin. John Bull Jets get 24-12 victory over V8 Fusion Stingrays Mens senior national cricket team in Pepsi Division Eight League T HE Baptist S ports Councils 2010 Rev Ellerston Smith Track and Field title went to the Jordan Prince Williams Falcons. On Saturday at the Thomas A Robinson Track and Field Stadium, the Falcons accumulated a total of 626 points to cart off the prestigious title. Their nearest rival, Macedonia Bap tist, took the second place trophy with 488. First Baptist held onto the third place trophy with 473. The other finishers in order were St John's Native Baptist with 300, Salem Union Baptist with 236, Mount Ararat Baptist with 188, Ebenezer Missionary Baptist with 140, Golden Gates Native with 117, New Bethlehem Baptist with 104, Zion Baptist East & Shirley Street with 88 and St Paul's Baptist, Fox Hill, with 65. Jordan Prince Williams, one of two schools in the Bahamas National Baptist Missionary and Educational Convention, also took home their share of the individual awards presented by this year's patron Rev Ellerston Smith, the new national youth director at St John's Native and Deaconess Joanne Webb, the assistant director of the BSC of Golden Gates Native The individual divisional winners were: Female under 7 Daja Taylor (Jordan Prince Williams) 10 points Male under 7 Atrui Swift (Jordan Prince Williams) 10 points Female under 9 Alyssa Cleare (Jordan Price Williams) 28 points Male under 9 Avery Adderley (First Baptist 21 points Female under 11 Shanterah Evans (First Baptist) 26 points Male under 11 Keenan Inniss (St. John's points Female under 13 Dawayna Pratt (Mt. Ararat) 40 points Male under 13 Branson Rolle (Macedonia points Female under-15 Raven Hepburn (Zion Baptist 29 points Male under-15 Aranah Lloyd (Jordan Prince Williams) 20 points Female under 17 Blair Black (Jordan Prince Williams) 24 points Male under 17 Maverick Johnson (Salem Union Baptist) 32 points Female open Cindy Thompson (Ebenezer Baptist) 20 points Male open Jerome McDonald (St. Paul's Baptist) 28 points Champion Falcons are flying high New Breed gets title win at Freedom Park B B A A S S K K E E T T B B A A L L L L S S E E E E p p a a g g e e 1 1 8 8 TITLE WINNERS: The Jordan Prince Williams Falcons have won the Baptist Sports Councils 2010 Rev Ellerston Smith Track and Field title. Their nearest rival, Macedonia Baptist, took 2nd place with 488. First Baptist held onto third with 473.
C M Y K C M Y K LOCAL SPORTS PAGE 18, MONDAY, NOVEMBER 1, 2010 TRIBUNE SPORTS TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM T HE Ministry of Youth, S ports and Culture inducted 1 4 more Bahamians into the National Hall of Fame at Government House Friday night. Four of the inductees are deceased and were represented by their relatives. The other 10 inductees were either present or had a relative receive their plaque. Governor General Sir Arthur Foulkes and Deputy Prime Minister Brent Symonette joined Minister of Sports Charles Maynard to present the honourees with their plaques. The list of inductees includes Douggie Smith of Eleuthera, Gomeo Brennen of Bimini, Leonard Skeeter Dames, Cynthia Mother Pratt, Andy Knowles, Peter Sweet P Brown, Sharon The General Storr, Winnifred Bethell-Russell, Keith Parker, Celestine Albury, the late Freddie Higgs, the late Basil Kelly, the late Osbourne Rahming and the late Carl Minns. S hown are the honourees o r their relatives receiving t heir plaques. 14 inducted into National Hall of Fame P h o t o s b y S t a n l e y M i t c h e l l New Breed gets title win at Freedom Park we played a couple games earlier. But next time I'm sure that we will get a chance to beat them." While New Breed's initial victory in the round robin segment of the tournament over Macedonia secured their berth into the finals, Macedonia had to play two games on Saturday before they met a well rested New Breed in the championship. Just before the championship, Macedonia ousted host St Paul's Baptist 34-37 as Kieron Pratt scored a game-high 13, Miguel Higgs added eight and Marcian Edgecombe chipped in with seven to book their spot in the championship. Earlier, Macedonia eliminated Winton Meadows 3623 as Higgs and Edgecombe canned nine and eight respectively. Tournament director Rev George Bodie said the tourney has the potential to turn into something great in the Fox Hill community. "The fans came out every night and they got to watch some progressive teams in action," he said. "We are definitely looking forward to coming back next year to continue this great celebration for Deacon Eddie Rahming. Rahming, who has coached so many of the top players coming out of Fox Hill for more than 30 years, said it was a great honour because it wasn't something that he antici pated and or even envisioned. "This makes you feel that you are appreciated," said Rahming as he and his wife were showered with a num ber of gifts, including an allexpense paid trip to Exuma. If I had to do it all again, I don't think I would change anything." In two other games played to complete the tournament, St Paul's stayed alive by eliminating Galilee No.1 27-24 behind McClain Higgs' gamehigh 12 and Jerome Coakley's eight. Bradshawn White had eight in the loss. And Galilee No.1 knocked off New Dimension 42-34 as Kennedy Polidor led the attack with 12 and Jason Cartwright finished with nine. Donovan Rolle scored a game high 14 in the loss. Rahming was a fixture in Fox Hill as the former coach of the Smirnoff Nangoes basketball club for many years. On hand to help give out the awards was Fred Mitchell, MP for Fox Hill and Rev Dr J Carl Rahming, pastor of St Paul's Baptist. The tournament organiser was Rev George Bodie. F F R R O O M M p p a a g g e e 1 1 5 5