The Tribune.
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Permanent Link: http://ufdc.ufl.edu/UF00084249/01796
 Material Information
Title: The Tribune.
Uniform Title: Tribune. (Nassau, Bahamas).
Alternate Title: Nassau tribune
Physical Description: v. : ill. ; 58 cm.
Language: English
Publisher: Tribune
Publication Date: 2/11/2011
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Spatial Coverage: Bahamas
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General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
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Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
System ID: UF00084249:01796

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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 PLP malicious lie condemned V olume: 107 No.67FRIDAY, FEBRUARY 11, 2011 PRICE 75 (Abaco and Grand Bahama $1.25 W EATHER CLOUDS ANDSUN HIGH 83F LOW 70F B y TANEKA THOMPSON Tribune Staff Reporter tthompson@tribunmedia.net T HE government yesterday attacked the Opposition for spreading "a malicious lie" s uggesting that public ser vants' votes will be wooed with an impending lump sum payment of $2,500 to eache mployee and an extra $75 to their base salary. A statement from the Office of the Prime Minister vehemently denied the "fabricated" report released by the Progressive Liberal Party, adding that the Ingrahama dministration cannot dole o ut increments to the public service due to financial con straints. T he statement added that the government has worked Go vt hits out at report on public servant salaries M cCOMBO O F THE DAY N E W The Tribune THEPEOPLESPAPER BIGGESTANDBEST L ATESTNEWSONWWW.TRIBUNE242.COM I N S I D E WEDDINGPLANS? GET YOUR FREE BRIDES GUIDE INSIDE TODAY SIMPLYSUPER GETYOURFREE SPORTSWEEKLY SUPPLEMENT B R I D E S G U I D EC O V E R P H O T O / R O Y L L E R A SEE page eight By NOELLE NICOLLS Tribune Staff Reporter n nicolls@tribunemedia.net UNION leaders discussed t heir plans in a closed-door s ession with members last night, as they continued to pledge their opposition to the s ale of BTC to Cable and Wireless Communications (CWC B ernard Evans, president o f the Bahamas Communications and Public Officers U nion (BCPOU would be absolutely no apology for threats made about turning the country into a small Egypt. He said members would be informed in small groups FREEPORT: A 59-yearold man appeared in court yesterday accused of having sex with a nine-year-old girl. Albert Whylly was arraigned in Court One before Magistrate Debbie Ferguson, where he was charged with having sexual intercourse with a minor. It is alleged that the incident took place on Monday, February 7. Whylly, who was represented by Carlson Shurland, was not required to plead to the charge. He was granted $10,000 bail, with surety, and the matter was adjourned to June 21. MAN A CCUSED OF SEX WITH NINEYEAR-OLD UNION LEADERS MEET BEHIND CLOSED DOORS OVER BTC PL ANS SEE page eight By NATARIO McKENZIE Tribune Staff Reporter nmckenzie@tribunemedia.net A THIRD man appeared in magistrates court yester d ay in connection with the stabbing death of a prison officer. P olice have charged Presley Humes, 36, of Faith Avenue, with the murder of Juilian Strachan. Mr Strachan, 37, of Bell dock Avenue, was stabbed multiple times at the Carmichael Liquor Store on THIRD MAN CHARGED WITH MURDER OF PRISON OFFICER SEE page 10 By PAUL G TURNQUEST Tribune Staff Reporter pturnquest@tribunemedia.net OPPOSITION MP V Alfred Gray said he is not concerned with reports that his constituency may be cut into two for the MP UNCONCERNED WITH REPORTS THAT CONSTITUENCY MA Y BE CUT INT O TWO SEE page 10 UNCONCERNED: V Alfred Gray A 20-YEAR-OLD man was arraigned yes terday on a murder charge dating back to 2008. The man, whose identity is not being revealed at present for legal reasons, is charged with the murder of Kendrick Rolle. Mr Rolle, 21, was found dead on Hanna Road, Fox Hill, having suffered gunshot wounds. He was the third murder victim for 2008. The accused, who appeared before Chief Magistrate Roger Gomez in Court One, Bank Lane, was not required to enter a plea. It is alleged that between Thursday, January 10, and Friday, January 11, 2008, he inten tionally caused Mr Rolles death. Chief Magistrate Roger Gomez told him he will stand trial before the juvenile panel as the offence allegedly occurred when he was still a minor. The case has been adjourned to February 24 and transferred to Court Two, Victoria Gar dens. The accused was remanded to Her Majestys Prison. 20YEAR-OLD IN COURT ON 2008 MURDER CHARGE PROTEST: The coalition consisting of the National Democratic Party and the Workers Party staged an island wide motorcade protest yesterday against plans to sell BTC to Cable and Wireless Communications (CWC SEE PAGETHREE C OALITIONSTAGESMOTORCADE PROTEST AGAINST BTCSALE T i m C l a r k e / T r i b u n e s t a f f

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OVER the next two days, as part of the governments continuing effort to overhaul the judicial system, politicians, prosecutors and law enforcement officers will try to view justice through the eyes of witnesses and victims. Opening the Witness Care Conference yesterday, Prime Minister Hubert Ingraham said it is a given that there needs to be a radical transformation in the way justice is administered in the Bahamas. He said changes are needed at all levels law enforcement, legal and judicial. The prime minister also noted that crime and the fearof crime occupy the minds of the government and the population everyday, and repeated his commitment to increase the human and financial resources dedicated to this issue. He listed several modernising initiatives in the works, including: improving the management and administration of the Royal Bahamas Police Force, acquiring new technology for crime fighting, upgrading the courts and adding to their number, launching a continuous programme of law reform, introducing stenographers in courts, amending the penal code and introducing electronic monitoring of persons on bail. The two-day conference, organised by the Office of the Attorney General and the Royal Bahamas Police Force, is designed to address the gaps and inefficiencies in the criminal justice system and to bring together all partners and affiliated interest groups to view the system from the perspective of victims and witnesses. The event is being held from February 10-12 at the Police Conference Centre. Among those in attendance were: Attorney General and Minister of Legal Affairs John Delaney; Tommy Turnquest, Minister of National Security; Loretta Butler-Turner, Minister of State for Social Development; Archie Nairn, permanent secretary; Police Commissioner Ellison Greenslade; Vinette Graham-Allen, director of public prosecutions; and Debra Fraser, director of legal affairs. The Royal Bahamas Police Force provided entertainment for the event. Consultant Simon Deacy is serving as the facilitator for the conference. He is a retired chief superintendent of police in the United Kingdom and was a National no witness,no justice project manager for England and Wales. LOCAL NEWS PAGE 2, FRIDAY, FEBRUARY 11, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM PM: Radical change needed in justice system procedure PM SPEAKS: Prime Minister Hubert Ingraham presents the keynote address. P a t r i c k H a n n a / B I S P h o t o

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LOCAL NEWS THE TRIBUNE FRIDAY, FEBRUARY 11, 2011, PAGE 3 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM By LAMECH JOHNSON WHEN TheTribune's articles were posted online at 2pm on Wednesday, readers wasted no time in expressing their outrage over the article, "We'll turn country into small Egypt". In the story, a union leader vowed that future protests against the sale of the BTC would become a miniature version of the unrest that is presently convulsing Egyptian society. Bahamas Communications and Public Officers Union President Bernard Evans said disruptions in services could be expected as a result of the opposition to the government's sale of a majority stake in BTC to Cable and Wireless Communications (CWC Responding to the story on tribune242.com, Ricardo W Wright called the Egypt comment stupid, and joked that Mr Evans on a camel would be a scary sight. No No called on union leaders to be more responsible. Suffering "We are already suffering economically in this littlecountry of ours. Don't mess up what lil business some of us gat by fooling with the already inconsistent phone services BTC provides. Nono no. Think about ALL of us, not just you all, the reader said. Liz asked: "What empiri cal evidence do they have that the majority of the Bahamian population disagrees with the sale of 51 per cent of BTC? So, at thee nd of the Egypt-like rioting, will 51 per cent of BTC still be sold?" While the overwhelming majority of those who commented disagreed with Mr Evans comment, not all feltt his way. L ol b elieves the issue is bigger than the unions. "It isa mounting frustration among Bahamians from being dismissed by its government and made second class citizens in their own country. When the full effect of the C&W presence in this country is known and felt, itis the average Bahamian who will suffer as it was in Cayman, Barbados, Jamaica and Panama that is why they rioted in Panama. Online readers respond to BCPOU President's Small Egypt statement By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net BECs executive management team is calling on union leaders to meet with them and discuss concerns after yesterdays industrial action. In a press statement issued yesterday afternoon, the Bahamas Electricity Corporation noted that some of its managerial staff had orchestrated and are engaged in an apparent sickout. The statement said: BEC would like to inform its cus tomers that measures have been taken to minimise possible disruption to electricity supplies as a result of action taken by the Bahamas Electrical Utility Managerial Union (BEUMU BECs executive management said they are unaware of any concerns that may have been discussed at the unions meeting on Wednesday, but reassured the public of the corporations commitment to working closely with the BEUMU in the best interest of employees and customers. The corporation would like to encourage the unions leadership to make contact with the executive management team to discuss concerns, the statement said. BEC management team calls on union leaders to discuss concer ns By NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemedia.net THE third-party coalition consisting of the National Democratic Party and the Workers Party staged an island wide protest yesterday. P arty leaders blasted the gove rnment for proceeding with plans to sell BTC to Cable and Wireless Communications (CWC A small motorcade of party members rode around the city, covering Baillou Hill Road, Bay Street, Paradise Island, Mackey Street, Carmichael Road, Coral Harbour and the S ir Lynden Pindling International Airport (LPIA The motorcade circled Parliament Square and LPIA 10 times, spreading its message using a mobile sound system. Ethric Bowe, NDP co-ordinator for the protest, said: Our message is of Bahamians first. W e have no intention of allowing the sale of BTC to CWC. W e are resisting it with all of our might. We feel our government has taken a turn towards a dictatorship. We are acting to p ut an end to it. We are tired of i t. The PLP opposition seems to be colluding with the FNM to share up the countrysr esources among a few families. We have a few people gett ing very rich while the working class is being left out. We recognise if the working class is destroyed our society is d estroyed. We are acting to p reserve our Bahamas. Mr Bowe said that if the BTC deal goes through, there isn o point in Bahamians being in the Bahamas. We need tos hake Bahamians awake because we have been asleep too long following this red and yellow foolishness, said Mr B owe. When the motorcade circled the airport, Mr Bowe said, people streamed out to see what was going on. The circling 10 times, he said, had cultural significance since the number 10 has always been a power number in the Bahamas. We are using our culture to the max. People in the Bahamas believe in the power o f prayers. We know the government knows they are doing wrong. We are invoking our beliefs to influence him. The government has no heart, no conscience. We are determined to get rid of them, he said. Island-wide protest over BTC deal B y NOELLE NICOLLS Tribune Staff Reporter nnicolls@tribunemdia.net Fred Mitchell, opposition member for F ox Hill, threw his support behind party leader Perry Christies pledge to renegotiate any agreement with Cable and Wireless should the Progressive Liberal Party form the next government. Let me say that I unequivocally sup portthe policy announced by Mr Christie and if w e get the good fortune to form the next gov ernment I would go further and urge that we doi n the national interest what the government of Belize did, and that is get the controlling interest i n BTC back again, said Mr Mitchell. Indeed, it appears that so much of what the PLP will have to do within the first 100 days of a new administration will be to set right the many wrongs perpetrated against the Bahamian people b y this FNM administration, he said. Mr Mitchell accused the government of trying t o sabotage future attempts of the PLP to revisit its decisions. He referenced the $100 million fixed liability built into the BTC sale agreem ent should the government choose to fast-track its liberalisation agenda withint he first year of Cable and Wireless taking over. We all know that this is nonsense and where there is a will there will be a way. (Prime Minister Ingraham make it impossible for a future PLP administration to act. He wants to changet hings so significantly on the ground that he will rule from the grave. Ah good sir: dig o ne grave, you dig two, said Mr Mitchell. He is doing it with the national debt as well. H e is maxing out the national credit card so that when the PLP comes to power, there willbe no m oney to do anything and he will sit back in his Abaco rocking chair and say: I told you so, he said. Mr Mitchell also reiterated his warning to investors in the port at Arawak Cay, indicating t hat the PLP still intended to put the port where it ought to be on the south of New Providence. I say to those who are investing in that Port: Buyer beware! said Mr Mitchell. Mitchell backs Christie vow to renegotiate agreement FLAG-WAVING: Protesters make their case. NDP AND W ORKER S P ARTYCOALITIONSTAGEDEMONSTRATION MOTORCADE: Party members rode around the city. T i m C l a r k e / T r i b u n e s t a f f FRED MITCHELL

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E DITOR, The Tribune. P lease once again allow me some space in your paper. Saturday night, the Bahamas Humane Society had the most amazing and successful evening at Government House. This event is now a yearly one and is held in order to showcase the B-humane banners that will line s ome of the streets of New Providence this month to pro mote awareness and responsible ownership, as well as, hope fully, stamp out animal cruel ty. I am a great believer of giving credit where credit is due. Saturday night was the amazing s uccess that it was thanks to many people and groups. Firstly, the Swiss bank with a heart of gold, Lombard Odier Darier Hentschvery kindly, for the second year running, has sponsored the Banner campaign for the Bahamas Humane Society. We are so grateful to t his Swiss institution with a social conscience. We would NOT have been able to do it without their faithful sponsor ship. Secondly the absolutely amazing photos taken by Patricia Vazquez that grace the ban ners are indeed a labour of lovea nd are beautifully taken. The BHS is very lucky to have such a talented photographer so supportive of our efforts. T hirdly, Government House and the staff! What an amazi ng setting to hold an event. It was beautiful, the Police bands small group played wonderful music, the young lady who sang had a terrific voice. The grounds were lit up magically, and the actual Government House staff were so unbeliev ably helpful. Chef Jarred prep ared the most delicious foodthank you to them all from the BHS. We are very fortunate at the Bahamas Humane Society to have such a caring Patron in His Excellency our Governor General, Sir Arthur Foulkes and Lady FoulkesTheir prese nce at our event lent the dignity that the surroundings deserved.. That evening I announced that we at the Bahamas Humane Society intend to launch a Crusade against Cruelty There are too many unspeakable acts of cruelty and n eglect going on in our coun t rySome are intentional but many are not. However, ignor ance cannot always be used as an excuse Most people know the difference between right from wrong. If you dont feed or water an animalguess what ? IT WILL DIE! I honestly find it difficult to believe that most people do not know this. If you would like to join us o n our Crusade against Cruelty please contact me at bhs.cru sadeagainstcruelty@gmail.com We need numbers to spread the word, please join our cause and help us. A huge salute to all the dedicated Bahamas Humane Soci ety staff who worked so hard o n Saturday night to make the night so successful, we are indeed lucky to have you at the shelter. KIM ARANHA President of the Bahamas Humane Society, Nassau, F ebruary 6, 2011. EDITOR, The Tribune. Generally, I am a strong supporter of unions, they are good for a country but there are times when they are unreasonable and make unreasonable demands of employers. For instance, I am concerned about demands that the BTC unions and others are making regarding the privatisation of the company by the government. Based on all that has been said and in print on this issue, I am left to conclude that the BTC unions and the ones that support them are only interested in themselves and their members, but not our nation and B ahamians. The BTC unions only seem to be about their narrow and s ingular interest, as opposed to what they have been saying that they are concerned a bout Bahamians owning BTC. What I have heard from them, is that it is all about them at a time when things are tough in this country for a lot of people. Their members have jobs and will have them for at least three years. They seem to really be interested in their jobs and separation packages. The unions have stated that those employees who were invited to voluntarily separate and receive packages; should receive packages more generous than the government gave them in 1999. Prime Minister Ingraham has indicated that the government cannot afford the 1999 packages today. In fact, the Prime Minister has indicated that the 1999 packages were too generous in the fIrst instance. Secondly, they appear to be interested in one other thing; getting more than three years guaranteed employment for those employees who do not voluntarily separate. But this too, Prime Minister Ingraham has said is just not feasible or possible. In fact, Prime Minister Ingraham has already indicated that Cable & Wireless sought redundancies to the tune of 300 employees immediately, so that the company can have a good chance of being profitable and compete with new entries into the market. Prime Minister Ingraham also spoke to this issue, indicating that the government did not intend to give a three year exclusivity period on cellular, but it ended up doing so as an offset ensuring that no jobs are lost for the same p eriod. The BTC unions are about themselves and no one else. T hey are not truly concerned about you and me, whether we own BTC or not it is all a bout them. KIRK DEAN Nassau, January 25, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, FRIDAY, FEBRUARY 11, 2011 THE TRIBUNE The Tribune Limited N ULLIUS ADDICTUS JURARE IN VERBA MAGISTRI B eing 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. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 E ILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972P ublished Daily Monday to Saturday S hirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama T ELEPHONES Switchboard (News, Circulation and Advertising A dvertising Manager (242 C irculation Department (242 Nassau Fax: (242 W EBSITE www.tribune242.com updated daily at 2pm THE year was 1962 October 16. T he Tribune in those days The Nassau Daily Tribune reported that while Tropical Storm Ella was building and keeping everyone guessing, a home on Peter Street East h ad been stoned for the second night. E lection fever was in the air. In a months time November 26 the Bahamas would exercise universal adult suffrage when voters would go to the polls. On that day Bahamia n women would vote for the first time and all Bahamian men 21 and over would vote without the property qualification. The PLP was so confident of victory that year that on the eve of the election, the part y celebrated on Clifford Park the defeat of the UBP government. In the days and m onths leading up to the election the PLP tolerated no opposition. That was why Mr W ellington Ferguson, a Prison Overseer of Peter Street, believed his house had been stoned two nights in a row because of his politics. The second stoning in fact was 3 oclock on a Sunday morning when a large rock was h urled through his front glass door, missing his wifes head by inches. M r Ferguson was convinced this was the result of a conversation with Mr Sweeting of t he Bahamas Lumber Company within earshot of others. In that discussion he open ly condemned the shocking behaviour of the PLP. The death of Paul Bower on January 24 b rought back memories of 1962 when the most interesting news of that October day w as a libel action brought by six PLP bar risters against The Nassau Guardian, and M r Bower, its editor, for a letter published by that newspaper. As the action progressed it was obvious that the litigants were more interested in outing the author of the letter, than in the letter itself. However, Mr Bower, in the tradition of all good journalists refused to reveal the writers identity and was threate ned with prison by his good friend, Magis trate John Bailey. His refusal put him inc ontempt of the court. We recalled this period, because we sud d enly realised that with the death of Mr Bower we were the only person left who still held the writers secret. It was a namethat neither of us dared reveal because of what the writer would have suffered if itw ere discovered that he was a friend of several of the litigants, although he had never j oined the PLP. Bert Cambridge was one of the members of the House of Assembly who s tood by Sir Etienne Dupuch in 1956 when he moved his anti-discrimination Resolution. In the election later that year Mr Cambridge was defeated at the polls. In the samee lection Sir Lynden Pindling entered the H ouse for the first time. We have revealed Mr Cambridges name because he is now beyond being hurt, and wherever he is we are certain he is having a g ood chuckle as he did when alive and his friends never suspected that he was the Western District Voter. However, his name is significant for that period because it shows that although persons like Bert Camb ridge, a black man, worked passionately to elevate his race, he did not approve of m any of the PLPs methods. The letter was a comment on the failure of t hose responsible to make public what happened to funds collected for the South African Relief Fund, which was launched by the PLP to rival a fund started earlier by The Tribune. It was the practice of The Trib une to daily publish sums of money donated to whatever fund it was sponsoring. Western District Voter criticised the PLP for not adequately informing the public how t heir publicly collected funds 15s 2d had been dealt with. The letter in question was an Open letter to Mr Paul Adderley, in which, said Mr Bower, no reasonable man would see anyt hing libellous. He assured the court that the letter writer was no fiction, but a man Mr B ower had known for three years and could not imagine him bearing any ill will, malice, o r acrimony against Mr Adderley. Nor possibly could Mr Adderley, if he had known the identity of the writer. One of the difficulties, however, was that The Tribune had received the same letter, which its editor heavily edited to make it legally safe before publication. In other w ords we deleted what we considered an innuendo and the names of the six com p lainants. This led the litigants to believe that it was either Mr Bower or someone at T he Guardian who had embellished the let ter and that the writer was a fiction. Nothing could have been further from the truth. Both newspapers received the same letter in fact one was a carbon copy. One editor usedh er editorial discretion in editing, the other did not. As a result one was before the c ourts, the other was not. BTC unions only seem to be about their narrow interest LETTERS letters@tribunemedia.net A letter writers name is finally revealed 7KH3XEOLFLVKHUHE\DGYLVHGWKDW&/$8'(77( 52//( RI6RXWK%DKDPLD*UDQG%DKDPD,VODQG %DKDPDVLQWHQGWRFKDQJHQDPHWR&+$50$,1( &/$8'(77(52//( ,IWKHUHDUHDQ\REMHFWLRQVWR WKLVFKDQJHRIQDPH'HHG3ROO\RXPD\ZULWHVXFK REMHFWLRQVWRWKH'HSXW\&KLHI3DVVSRUW2IFHU3 *UDQG%DKDPDQRODWHUWKDQWKLUW\GD\V DIWHUWKHGDWHRISXEOLFDWLRQRIWKLVQRWLFH,17(1772&+$1*($0(%<'(('// 38%/,&,&( Share your news The Tribune wants to hear from people who are making news in their neighbour hoods. Per haps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. The Bahamas Humane Societys amazing and successful evening EDITOR, The Tribune. It is normal to expect that the Free National Movement will be challenged by whatever political parties are in existence next year, but the basis of that challenge will not hinge on w hether the current Prime Minister is compassionate or not; it may be a factor but it will not be the factor. Party members from all sides are looking for excuses to get at each other, and they will take whatever they can find, and that is everyday politics. The present compassion issue is one, that began when The Nassau Guardian took a statement made by Mr McCartney out of context. There was a compounding of the problem this morning as an out of context statement takes on a life of its own when we read on the front page, At the time McCartney predicted that the FNM would be challenged, in part because of Ingrahams lack of compassion toward the Bahamian people. Did the reporter listen to the interview? Or anyone else taking up space on the front page? Mr Bethel and Mr Roberts, both men of substantial political currency, have used this opportunity to put forth their partys agenda, or the agenda of those within the parties who need something to throw, at the expense of misinforming the publics perception of a particular person and they seem to be doing it together. At least, Mr McCartney is fitting the leadership profile, where everybody is trying to get a piece of you. On the face of it, is it wise to assume that the misuse of con textual references is going to be the norm as we go into 2012? With the chairmen of both parties getting into the fray as they usually do at a very caustic level, can the Bahamian public stand all of this smoke? Or are we going to have to check overall contexts when anything is said about a prospective candidate. Historically, misrepresenting the facts is something that politicians do without blinking, looking you straight in the face. If we remember the contextual misrepresentations that the late Cecil Wallace Whitfield had to contend with, we should also remember that these misrepresentations were perpetuated by persons who were his very close friends. At the end of it, perspective will be everything, and any par ticular view that we come up with will depend on how informed we are on what is going on with, what is needed from, and what we are expecting from those who presume to lead. And, ultimately or hopefully we will extend these demands to any and all who see themselves as participants in the warp and woof of leadership.. We should all be of the opinion that the leaders we choose will be those who get the job done, regardless of the misrepresentations they have to endure, and this is not supposed to be a nice exercise. If we can remember what goes on a couple of months before any election in any part of the world, we will endeavour to do our homework. My only demand is that the institutions charged with keeping us informed, reject the mischievous impulses that writers like myself have to contend with daily. EDWARD HUTCHESON Nassau, February 3, 2011. Mischievous impulses

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E DITOR, The Tribune. P lease once again allow me some space in your paper. Saturday night, the Bahamas Humane Society had the most amazing and successful evening at Government House. This event is now a yearly one and is held in order to showcase the B-humane banners that will line s ome of the streets of New Providence this month to pro mote awareness and responsible ownership, as well as, hope fully, stamp out animal cruel ty. I am a great believer of giving credit where credit is due. Saturday night was the amazing s uccess that it was thanks to many people and groups. Firstly, the Swiss bank with a heart of gold, Lombard Odier Darier Hentschvery kindly, for the second year running, has sponsored the Banner campaign for the Bahamas Humane Society. We are so grateful to t his Swiss institution with a social conscience. We would NOT have been able to do it without their faithful sponsor ship. Secondly the absolutely amazing photos taken by Patricia Vazquez that grace the ban ners are indeed a labour of lovea nd are beautifully taken. The BHS is very lucky to have such a talented photographer so supportive of our efforts. T hirdly, Government House and the staff! What an amazi ng setting to hold an event. It was beautiful, the Police bands small group played wonderful music, the young lady who sang had a terrific voice. The grounds were lit up magically, and the actual Government House staff were so unbeliev ably helpful. Chef Jarred prep ared the most delicious foodthank you to them all from the BHS. We are very fortunate at the Bahamas Humane Society to have such a caring Patron in His Excellency our Governor General, Sir Arthur Foulkes and Lady FoulkesTheir prese nce at our event lent the dignity that the surroundings deserved.. That evening I announced that we at the Bahamas Humane Society intend to launch a Crusade against Cruelty There are too many unspeakable acts of cruelty and n eglect going on in our coun t rySome are intentional but many are not. However, ignor ance cannot always be used as an excuse Most people know the difference between right from wrong. If you dont feed or water an animalguess what ? IT WILL DIE! I honestly find it difficult to believe that most people do not know this. If you would like to join us o n our Crusade against Cruelty please contact me at bhs.cru sadeagainstcruelty@gmail.com We need numbers to spread the word, please join our cause and help us. A huge salute to all the dedicated Bahamas Humane Soci ety staff who worked so hard o n Saturday night to make the night so successful, we are indeed lucky to have you at the shelter. KIM ARANHA President of the Bahamas Humane Society, Nassau, F ebruary 6, 2011. EDITOR, The Tribune. Generally, I am a strong supporter of unions, they are good for a country but there are times when they are unreasonable and make unreasonable demands of employers. For instance, I am concerned about demands that the BTC unions and others are making regarding the privatisation of the company by the government. Based on all that has been said and in print on this issue, I am left to conclude that the BTC unions and the ones that support them are only interested in themselves and their members, but not our nation and B ahamians. The BTC unions only seem to be about their narrow and s ingular interest, as opposed to what they have been saying that they are concerned a bout Bahamians owning BTC. What I have heard from them, is that it is all about them at a time when things are tough in this country for a lot of people. Their members have jobs and will have them for at least three years. They seem to really be interested in their jobs and separation packages. The unions have stated that those employees who were invited to voluntarily separate and receive packages; should receive packages more generous than the government gave them in 1999. Prime Minister Ingraham has indicated that the government cannot afford the 1999 packages today. In fact, the Prime Minister has indicated that the 1999 packages were too generous in the fIrst instance. Secondly, they appear to be interested in one other thing; getting more than three years guaranteed employment for those employees who do not voluntarily separate. But this too, Prime Minister Ingraham has said is just not feasible or possible. In fact, Prime Minister Ingraham has already indicated that Cable & Wireless sought redundancies to the tune of 300 employees immediately, so that the company can have a good chance of being profitable and compete with new entries into the market. Prime Minister Ingraham also spoke to this issue, indicating that the government did not intend to give a three year exclusivity period on cellular, but it ended up doing so as an offset ensuring that no jobs are lost for the same p eriod. The BTC unions are about themselves and no one else. T hey are not truly concerned about you and me, whether we own BTC or not it is all a bout them. KIRK DEAN Nassau, January 25, 2011. EDITORIAL/LETTERS TO THE EDITOR PAGE 4, FRIDAY, FEBRUARY 11, 2011 THE TRIBUNE The Tribune Limited N ULLIUS ADDICTUS JURARE IN VERBA MAGISTRI B eing 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. P ublisher/Editor 1919-1972 Contributing Editor 1972-1991 E ILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B. Publisher/Editor 1972P ublished Daily Monday to Saturday S hirley Street, P.O. Box N-3207, Nassau, Bahamas Insurance Management Building., P.O. F-485, Freeport, Grand Bahama T ELEPHONES Switchboard (News, Circulation and Advertising A dvertising Manager (242 C irculation Department (242 Nassau Fax: (242 W EBSITE www.tribune242.com updated daily at 2pm THE year was 1962 October 16. T he Tribune in those days The Nassau Daily Tribune reported that while Tropical Storm Ella was building and keeping everyone guessing, a home on Peter Street East h ad been stoned for the second night. E lection fever was in the air. In a months time November 26 the Bahamas would exercise universal adult suffrage when voters would go to the polls. On that day Bahamia n women would vote for the first time and all Bahamian men 21 and over would vote without the property qualification. The PLP was so confident of victory that year that on the eve of the election, the part y celebrated on Clifford Park the defeat of the UBP government. In the days and m onths leading up to the election the PLP tolerated no opposition. That was why Mr W ellington Ferguson, a Prison Overseer of Peter Street, believed his house had been stoned two nights in a row because of his politics. The second stoning in fact was 3 oclock on a Sunday morning when a large rock was h urled through his front glass door, missing his wifes head by inches. M r Ferguson was convinced this was the result of a conversation with Mr Sweeting of t he Bahamas Lumber Company within earshot of others. In that discussion he open ly condemned the shocking behaviour of the PLP. The death of Paul Bower on January 24 b rought back memories of 1962 when the most interesting news of that October day w as a libel action brought by six PLP bar risters against The Nassau Guardian, and M r Bower, its editor, for a letter published by that newspaper. As the action progressed it was obvious that the litigants were more interested in outing the author of the letter, than in the letter itself. However, Mr Bower, in the tradition of all good journalists refused to reveal the writers identity and was threate ned with prison by his good friend, Magis trate John Bailey. His refusal put him inc ontempt of the court. We recalled this period, because we sud d enly realised that with the death of Mr Bower we were the only person left who still held the writers secret. It was a namethat neither of us dared reveal because of what the writer would have suffered if itw ere discovered that he was a friend of several of the litigants, although he had never j oined the PLP. Bert Cambridge was one of the members of the House of Assembly who s tood by Sir Etienne Dupuch in 1956 when he moved his anti-discrimination Resolution. In the election later that year Mr Cambridge was defeated at the polls. In the samee lection Sir Lynden Pindling entered the H ouse for the first time. We have revealed Mr Cambridges name because he is now beyond being hurt, and wherever he is we are certain he is having a g ood chuckle as he did when alive and his friends never suspected that he was the Western District Voter. However, his name is significant for that period because it shows that although persons like Bert Camb ridge, a black man, worked passionately to elevate his race, he did not approve of m any of the PLPs methods. The letter was a comment on the failure of t hose responsible to make public what happened to funds collected for the South African Relief Fund, which was launched by the PLP to rival a fund started earlier by The Tribune. It was the practice of The Trib une to daily publish sums of money donated to whatever fund it was sponsoring. Western District Voter criticised the PLP for not adequately informing the public how t heir publicly collected funds 15s 2d had been dealt with. The letter in question was an Open letter to Mr Paul Adderley, in which, said Mr Bower, no reasonable man would see anyt hing libellous. He assured the court that the letter writer was no fiction, but a man Mr B ower had known for three years and could not imagine him bearing any ill will, malice, o r acrimony against Mr Adderley. Nor possibly could Mr Adderley, if he had known the identity of the writer. One of the difficulties, however, was that The Tribune had received the same letter, which its editor heavily edited to make it legally safe before publication. In other w ords we deleted what we considered an innuendo and the names of the six com p lainants. This led the litigants to believe that it was either Mr Bower or someone at T he Guardian who had embellished the let ter and that the writer was a fiction. Nothing could have been further from the truth. Both newspapers received the same letter in fact one was a carbon copy. One editor usedh er editorial discretion in editing, the other did not. As a result one was before the c ourts, the other was not. BTC unions only seem to be about their narrow interest LETTERS letters@tribunemedia.net A letter writers name is finally revealed 7KH3XEOLFLVKHUHE\DGYLVHGWKDW&/$8'(77( 52//( RI6RXWK%DKDPLD*UDQG%DKDPD,VODQG %DKDPDVLQWHQGWRFKDQJHQDPHWR&+$50$,1( &/$8'(77(52//( ,IWKHUHDUHDQ\REMHFWLRQVWR WKLVFKDQJHRIQDPH'HHG3ROO\RXPD\ZULWHVXFK REMHFWLRQVWRWKH'HSXW\&KLHI3DVVSRUW2IFHU3 *UDQG%DKDPDQRODWHUWKDQWKLUW\GD\V DIWHUWKHGDWHRISXEOLFDWLRQRIWKLVQRWLFH,17(1772&+$1*($0(%<'(('// 38%/,&,&( Share your news The Tribune wants to hear from people who are making news in their neighbour hoods. Per haps you are raising funds for a good cause, campaigning for improvements in the area or have won an award. If so, call us on 322-1986 and share your story. The Bahamas Humane Societys amazing and successful evening EDITOR, The Tribune. It is normal to expect that the Free National Movement will be challenged by whatever political parties are in existence next year, but the basis of that challenge will not hinge on w hether the current Prime Minister is compassionate or not; it may be a factor but it will not be the factor. Party members from all sides are looking for excuses to get at each other, and they will take whatever they can find, and that is everyday politics. The present compassion issue is one, that began when The Nassau Guardian took a statement made by Mr McCartney out of context. There was a compounding of the problem this morning as an out of context statement takes on a life of its own when we read on the front page, At the time McCartney predicted that the FNM would be challenged, in part because of Ingrahams lack of compassion toward the Bahamian people. Did the reporter listen to the interview? Or anyone else taking up space on the front page? Mr Bethel and Mr Roberts, both men of substantial political currency, have used this opportunity to put forth their partys agenda, or the agenda of those within the parties who need something to throw, at the expense of misinforming the publics perception of a particular person and they seem to be doing it together. At least, Mr McCartney is fitting the leadership profile, where everybody is trying to get a piece of you. On the face of it, is it wise to assume that the misuse of con textual references is going to be the norm as we go into 2012? With the chairmen of both parties getting into the fray as they usually do at a very caustic level, can the Bahamian public stand all of this smoke? Or are we going to have to check overall contexts when anything is said about a prospective candidate. Historically, misrepresenting the facts is something that politicians do without blinking, looking you straight in the face. If we remember the contextual misrepresentations that the late Cecil Wallace Whitfield had to contend with, we should also remember that these misrepresentations were perpetuated by persons who were his very close friends. At the end of it, perspective will be everything, and any par ticular view that we come up with will depend on how informed we are on what is going on with, what is needed from, and what we are expecting from those who presume to lead. And, ultimately or hopefully we will extend these demands to any and all who see themselves as participants in the warp and woof of leadership.. We should all be of the opinion that the leaders we choose will be those who get the job done, regardless of the misrepresentations they have to endure, and this is not supposed to be a nice exercise. If we can remember what goes on a couple of months before any election in any part of the world, we will endeavour to do our homework. My only demand is that the institutions charged with keeping us informed, reject the mischievous impulses that writers like myself have to contend with daily. EDWARD HUTCHESON Nassau, February 3, 2011. Mischievous impulses

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By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net U NION leaders say the p oor economic climate and a decrease in government funding to ZNS has resulted in a less favorable industrial agreem ent for employees. A fter almost four years of n egotiations, union leaders and ZNS management met yesterday morning to sign then ew contract between the Broadcasting Corporation of the Bahamas (BCB Bahamas Communications a nd Public Managers Unions (BCPMU Tension between the union a nd the corporation began in 2 008 when staff members w alked off in protest of whey they described as unbearablew orking conditions. P ossible restructuring and reorganising of the Broadcasting Corporation was announced by Minister of N ational Security Tommy T urnquest in May 2009, culminating in budget cuts and mass lay-offs by the corporation last year when 71 e mployees were let go as a r esult of overstaffing and bloated wages. William Carroll, president of the BCPMU, said the econ omic climate has forced the u nion to make various concessions to get the agreement signed. He said: This has been a long process and some of the what the staff signed off on is hard to swallow. We did not get everything we wanted but we did the best we could in these times and w ill come back to the table in 2 012 so employees are better o ff in the next contract. According to Mr Carroll, the union represents 34 of the7 0-plus ZNS employees. Darren Meadows, lead negotiator for the union, agreed that the workers didn ot receive everything they w anted but said the union had to take the economic climate into consideration and hopet hat when the contract is rene g otiated, employees will get a better deal. He said: In the midst of a f inancial recession, we had to understand the position of the corporation. H e added that the Broadc asting Corporation has a ssured us that employees will see the fruits of their labour int he next one. C hairman of the BCB Michael Moss said the process has been a difficult one and acknowledged union did have to make concessions on ben-e fits and salary increases. According to Mr Moss, the f ive year contract which expires in 2013 will not pro-v ide for any annual increase s. Rather, employees will receive percentage increases over three years which will not be attached to any sort of evaluations. Incentive payments have also been taken out of the a greement while articles with r espect discipline have remained consistent with prio r contracts. G eneral manager Edwin L ightbourn said the road has been a long but fruitful one and has proven that the two sides can work together in dif f icult circumstances. I am happy to put it behind us, we are ready tom ove forward, said Mr Lightbourn. LOCAL NEWS THE TRIBUNE FRIDAY, FEBRUARY 11, 2011, PAGE 5 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM A 30-YEAR-OLD man has been convicted and sentenced to 18 months in prison in connection with a m ajor drug seizure in 2 006. F ollowing a trial in the Magistrates Court, Deputy Chief Magistrate Carolita Bethell sentenced Androsian Derick Dion White to 18 months imprisonm ent on Wednesday o n the charge of poss ession of marijuana with the intent to supply. According to the prosecution, police arrested White and two other men in the M arshall Road area o n Friday March 24, 2006. T he men were in a C hevy Astro van w hich attempted to flee the area of a boat ramp. I nside the van, police discovered 20 white crocus bags containing 921 pounds of m arijuana. His co-accused Ian Porter was sentenced t o 42 months impriso nment and fined $ 50,000 in January 2009. A third defendant w as acquitted of the drug charges. WILLIAM CARROLL President of the BCPMU, Michael Moss, Chairman of the BCB, and general manager Edwin Lightbourn sign the agreement yesterday. Felip Major /Tribune staff Union leaders say ZNS contract less favourable AGREEMENT: William Carroll, President of the BCPMU, along with Michael Moss, Chairman of the BCB, and general manag-e r Edwin Lightbourn. Felip Major /Tribune staff M AN GETS 18 MONTH S ENTENCE IN C ONNECTION WITH D RUG SEIZURE

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L OCAL NEWS P AGE 6, FRIDAY, FEBRUARY 11, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM T OP SPELLER Samantha Marc of TA Thompson Junior High School emerged as the winner of the Northwestern Districts Spelling B ee Competition after d efeating 31 other contenders. Following close behind were TG Glover Primary School students Julian Desir and third place winner Ariannah Bain. T he participants in the S pelling Bee hailed from various public primary and j unior high schools, includi ng: Albury Sayle, Gambier, N aomi Blatch, Oakes Field, TG Glover, Woodcock Primary, HO Nash and TA Thompson. A highlight of the competition was the speech given b y the outgoing champion f or 2010, Randeika Foulkes, a ninth grade student of HO Nash. Randeika told her fellow students that they are all destined to succeed if they are willing to work hard. She explained that her j ourney to winning the dist rict spelling competition b egan when she was a student at Oakes Field Primary School, but victory did not come until the eighth grade, w hen she was at HO Nash Junior High School. Randeika encouraged her p eers to continue to comp ete and to be proud of their a chievements. A lso bringing remarks w as Howard Newbold, Superintendent for the North Western District, who expressed his pride in the efforts of all of the particip ants. H e said Samantha would go on to compete against w inners from the other districts, in the Bahamas National Spelling Bee Competition. One winner will emerge f rom this competition, who w ill travel to Washington DC to participate in the S cripps Howard National Spelling Bee competition. Mr Newbold gave his best wishes to all of contestants, and assured them that they a re all winners, having met t he requirements to represent their various schools. THE public is invited to the annual Law Enforcement Service to be held at the Grants Town Seventh-Day Adventist Church on Wellington Street off Market Street on Saturday, February 12. Governor General Sir Arthur Foulkes, Director of Immigration Jack Thompson, Customs Comptroller Glenn G omez and Police Commissioner Ellison Greenslade will a ttend. Public invited to annual Law Enforcement Service TA Thompson Junior High student wins Northwestern District Spelling Bee Samantha Marc defeats 31 other competitors US ADMIRAL VISITS DEFENCE FORCE BASE ADMIRAL JAMES A WINNEFELD JR and officials from the US Northern Command and the United States Embassy are taken on a tour of HMBS Coral Harbour by Captain Tellis Bethel and his officers. R BDF photos / Petty Officer Jonathan Rolle A DMIRALJames A Winnefeld Jr, Comm ander of the North American Aerospace D efence Command (NORAD ed States Northern Command, (NORTH-C OM) paid a courtesy call on the Deputy C ommander Defence Force, Captain Tellis Bethel, at the Royal Bahamas Defence Forces Coral Harbour Base on Wednes day afternoon. Admiral Winnefeld was accompanied by US Charg dAffaires Timothy Ziga-Brown along with other officials from the US Northern Command and the United StatesE mbassy. During his visit, the Admiral met with the Deputy Commander, and was introd uced to the members of the Defence F orces Executive Leadership Team. A dmiral Winnefeld was later taken on a tour of HMBS Coral Harbour before pro-c eeding on a short sea trip aboard a Defence F orce patrol craft, which was one of six such vessels donated to The Bahamas government under the US Enduring Friendship programme. The Admiral assumed responsibility as Commander NORTHCOM from General Victor Renuart in May 2010. He is currently on an official tour of nations withinN ORTHCOMs area of responsibility, which includes The Bahamas. ADMIRAL JAMES A WINNEFELD JR being given a short sea trip aboard a Defence Force Patrol craft. The Admiral and Petty Officer Jonathan Evans are engaged in a brief conversation.

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LOCAL NEWS THE TRIBUNE FRIDAY, FEBRUARY 11, 2011, PAGE 7 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM BY DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT A 15-year-old m ale student at a government high school was taken to hospital after being struck in the head with a rock by another s tudent on Thursday morning. A sst Supt Loretta Mackey reported that police were summ oned to the school at around 8.30am after several students w ere seen engaged in an argument. Ms Mackey said another male student hit the 11th grader with a stone, causing injury to the back of his head near his n eck. The student was transported to the Accident and E mergency Section of the Rand Memorial Hospital, where he i s currently listed in stable condition. Police are investigating the matter. By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net F REEPORT A man was s hot in the leg by police offic ers investigating a robbery in Eight Mile Rock after he a llegedly charged the officers while brandishing a knife. Asst Supt Loretta Mackey s aid the 34-year-old Hanna Hill m an was then taken into custody and transported to hospitalf or treatment. S he said the incident unfolde d after the officers responded to a report of a disturbance and armed robbery at Job Incorpo rated on Sapodilla Road in Hanna Hill. According to reports, a f emale store owner called p olice around 8.30am and r eported that a man armed with an eight-inch knife had entered the store. After robbing the owner of cash, the man reportedly start ed acting in a erratic manner, repeatedly entering and exiting the store. Several customers and the o wner ran out, locking the sus p ect inside the store until the officers arrived. W hen they confronted the suspect inside the store, Ms Mackey said, the man refused to put down knife, then sud denly ran toward the officers. O ne of the officers cautioned the man again, but the suspect continued moving towards theo fficer with the knife, Ms Macke y said. The officer drew his service weapon and discharged it, hit ting the man in the upper left thigh. After being hit, the man continued to charge the offi cers with the knife but was sub-s equently subdued and arrested b y the officers, she said. T he man was transported by ambulance to the Rand Memo rial Hospital, where he was treated by doctors for his injury. By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net TWOmen were arraigned on drugs and firearm possess ion charges in the Freeport Magistrates Court. Neville Cunningham, 32, and Elsworth Hendfield, 32, of Bass Lane appeared before Magis-t rate Andrew Forbes in Court Two. It is alleged that on February 7, while at Freeport, Grand B ahama, the accused men were found in possession of illegal drugs and a firearm with live rounds of ammunition. The men were represented b y Simeon Brown. They pleaded not guilty to the charges andwere each granted $7,500 bail. The matter was adjourned to A ugust 9 for trial. Student hospitalised after being struck in the head with rock Two men arraigned on drugs and firearm charges Man shot in leg after allegedly charging at police with knife POLICE SHOOTING: Outside the scene of the robbery and shooting at Job Incorporated on Sapodilla Road, Eight Mile Rock. Officers responded after a female store owner called police and reported that a man armed with an eight-inch knife had entered the store. V a n d y k e H e p b u r n / P h o t o

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h ard, however, to ensure that no civil servants are let go in the face of fiscal cutbacks. "The government has worked tirelessly to ensure that no public officers werem ade redundant and that no s alaries were cut even though increments cannot be paid and allowances have been reduced during the economic crisis," said the statement. We note the number of countries in the region and a round the world that have had to reduce public sector employment and salaries. "We condemn the Opposition for conjuring up this mali-c ious lie. We confirm that the G overnment of the Bahamas does not have the financiala bility to make payments to p ublic officers as suggested by the Opposition in what can b est be described as a figment of their fertile imagination." The statement also thanked p ublic servants for their "restraint" during the worst economic crisis in the last 60 years. Meantime, President of the Bahamas Public Service Union John Pinder said hew ished the reports were true adding that an increment payout would ease the financial burden of those in the civil service. M r Pinder hopes to begin n egotiations on a new indust rial agreement for the public service on February 24 when he will lobby for more benefitsa nd raises. "It would be really nice if G overnment could make g ood on retroactive payments t o our members and some other outstanding financial matters. I know that some persons that were at the maximum of their salary scales are entitled to their increments in the form o f a lump sum, there are per sons owed tuition reimburse ments and persons who have h ad promotions withheld. "Our (proposed agreement speaks to them opening up salaries scales and making good, asking for a general pay increase and for health insurance," said theu nion leader. In a statement issued this week, the PLP said claimed payments were on the horizon for government workers a nd questioned if this was a ploy to gain voter confid ence. "While we support all legitimate payment increases to public servants, we have to point out to them the cynical n ature of what is proposed," said the statement. The party said the situation harks back to 1997, when on the night before the police force voted, they were "reminded" of a $1,500 lumps um payment due to them the following morning. Fortunately, the PLP said, times have changed and Bahamians will no longer be f ooled by such tactics which they said amount to "seeking t o bribe voters." The statement said: "The PLP says take the money but remember that it was (Prime Minister) Ingraham's admini stration that mistreated public servants during this term. You should reward Mr Ingraham and his FNM colleagues by voting PLP in the next general election." The party said if reports of t he payments are true, it suggests the existence of a "sinister plot" in which the government failed to honour certain financial terms of its industria l agreement with the Public Service Union, in addition to w ithholding salary increments and promotions "until it becomes politically convenient to do so." L OCAL NEWS P AGE 8, FRIDAY, FEBRUARY 11, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM what our plans are going forward. E arlier this week, Mr Evans suggested unionists would take to the streets in a similar fashion to the ongoing protests in Egypt. His comments came after the government signedB TC sale documents with the regional telecoms provider Cable and Wireless and laid documents in the House of Assemble regard i ng the sale. We will continue our stance. The will of the people is the strength of the people, and I guess if the Bahamas is ready and the govern m ent is ready to see a small Egypt then they gonna get it, said Mr Evans. His comments brought condemnation from D ion Foulkes, Minister of Labour, who demanded an apology from Mr Evans. Mr Foulkes said the comments were intende d to instigate social unrest and to destabilise the Free National Movement and the Bahami an economy. Bernard Evans should apologise to the m embers of the BCPOU and to the Bahamian people for his irresponsible and reckless small Egypt statement, said Mr Foulkes. E arlier this week, union leaders forecast an interruption of services to the public. It is unclear when this will take effect, and in what f orm. FROM page one PLP malicious lie condemned FROM page one BCPOU LEADER Bernard Evans with William Carrol of the BCPOU in the House of Assembly this week. UNION LEADERS MEET BEHIND CLOSED DOORS

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HANDS For Hunger has named the New Providence Development Company and Tommy Hilfiger as cop resenting sponsors for t heir third annual Paradise P lates fundraiser. Both companies have continued their sponsorships, having donated $ 10,000 each for the unique e vent, which will feature an e ven larger array of g ourmet food this year from c elebrated chefs and restaur ants in the Bahamas. Held on Saturday, May 21 from 7pm 11pm at the Atlantis Crown Ballroom, Paradise Plates will feature an exquisite ensemble of fine food and drinks, live e ntertainment as well as a r affle and silent auction. Chefs will gather from a cross New Providence under one roof to prepare t heir signature dishes, complemented by drink purveyors serving samples of w ine, local beer and spirits. All proceeds will benefit H ands For Hunger, the non-profit food-rescue programme committed to the elimination of hunger and the reduction of food wastei n the Bahamas. The New Providence D evelopment Company is p leased to continue our sponsorship of Paradise P lates, said Rhys Duggan, president and CEO of New Providence Development Company Limited. HandsF or Hunger fulfills a real n eed on the island by pro viding food to those who n eed it most. S tarting a fledgling nonp rofit is not a simple task; w e have seen the tremend ous impact that Hands For H unger has had in such a short period of time, andw e continue to be i mpressed with their successful approach, operations and their extensive reach into the community. New Providence Development Company is proud to support their efforts as they e xpand to make an even l arger positive impact on o ur community. Tommy Hilfiger is very p roud to be a co-presenti ng sponsor for Hands For Hunger's Paradise Plates for a second consecutive year, said Elizabeth Covington, owner of Tommy Hilfiger (Bahamas Tommy Hilfiger believes i n taking a proactive stance and giving back to the community by working with and e mpowering young people w ho are trying to make a d ifference. Supporting these passionate young Bahamians w ho endeavour to address the problem of hunger in this country is inspiring and should remind all of us thato ur problems are not insurm ountable. Hunger can be alleviated and Hands For Hunger is doing a fantastic j ob. The Bahamas is a w ealthy nation; people s hould not go hungry. Tomm y Hilfiger is proud to continue to support Hands ForH unger. We hope more B ahamians will support this great and urgent cause. Rosamund Roberts, director of fundraising for Hands For Hunger, said: The very generous donat ions from New Providence D evelopment Company a nd Tommy Hilfiger ( Bahamas) will help to offs et the costs of Paradise P lates. We are very grateful to them and our other sponsors for their kind support. We are so pleased that Paradise Plates continues to receive tremendous response from the public. This year promises to be even more memorable as new chefs, restaurants and v enues have joined us to c reate an evening unlike a ny other. Chefs from many of Nassaus finest restaurants are r eturning this year to showcase their extraordinary food including: Mesa Grill; Nobu; Dune; British Colo n ial Hilton; Old Fort Bay C lub; and Lucianos to name a few. Other sponsors include: Atlantis, Mendoza Wine Imports and Creative Relat ions. A ll proceeds from Paradise Plates will go to H ands For Hunger and its f ood rescue programmes. E ach day, Hands For Hunger picks-up fresh, highq uality food that would oth e rwise go to waste and delivers it to community centres, shelters, churches and soup kitchens throughout New Providence. Hunger is a solvable problem. It is a fact that t here is more than enough f ood on this island to amply f eed every single woman, m an and child. Hands For H unger functions to conn ect this excess supply with the unmet, ever growing need through the more equitable and efficient dis-t ribution of resources, said Alanna Rodgers, founder and programme co-ordina-t or of Hands For Hunger. The proceeds raised from Paradise Plates will go directly to addressing a most basic human need in our community. T he array of food and d rink will complemented by a silent auction, raffle, live e ntertainment and beautif ul dcor. F or ticket information call, 327-1660 ext 241 ore mail info@hands f orhunger.org. Hands For Hunger was started by a group of Bahamian student leaders i n early 2008, who were and s till are, committed to making a difference in the w orld. T he organisation is a reg i stered, not-for-profit charity that relies on donationsf rom community groups, f oundations, corporations and the general public. LOCAL NEWS THE TRIBUNE FRIDAY, FEBRUARY 11, 2011, PAGE 9 TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Popular fundraiser to showcase larger array of chefs and restaurants NPCC and Tommy Hilfiger names as co-sponsors of third annual Paradise Plates PICTURED (L-R Rosamund Roberts, Hands for Hunger (HH Strommer, co-chair of Paradise Plates 2010; Alanna Rodgers, HH founder and programme co-ordinator; Ashley Lepine, HH executive director; Elizabeth Covington, owner of Tommy Hilfiger (Bahamas E tienne Christen of Tommy Hilfiger (Bahamas d ence Development Company at last years Paradise Plates.

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next general election, vow ing that wherever he decides to run he will soundly defeat any opponent the FNM decides to send. Having represented the MICAL constituency which c onsists of Mayaguana, Inagua, Crooked Island, Acklins and Long Cay since 2002, Mr Gray said he has heard of reports of a possi ble split in his constituency before. However, the often rambunctious MP said he was personally assured by Prime Minister Hubert Ingraham that his seat would not be affected by any boundary changes ahead of the 2012 general election. Not taking these assurances at face value, Mr Gray said he is going to err on the side of caution and watch to see what the Prime Minister does instead. At this point, Mr Gray said he has heard reports that his constituency may be split into two one joining Inagua and Mayaguana, and the other consisting of Acklins, Long Cay, and Crooked I sland. If such a split were to occur, Mr Gray said he would have to choose which area to represent. If he (Prime Minister splits it, I believe I would have to decide which area I want to run in, and that is an easy decision for me because wherever Acklins is I will run, and whoever runs against me will get beat. I cant control the Bahamas, but I can definitely say that in my constituency even Hubert Ingraham cant beat me, Mr Gray laughed. As proof of his growing support in the constituency, Mr Gray said he now has a former FNM general in the area campaigning for him. He wished however not to reveal the persons identity, stating he would prefer to have that bit of information to lick the FNM over the head with at the next sitting of the House of Assembly. I wait with great antici pation for what the final determination will be. The earlier I know, the better for me so I can concentrate on which area I will be running in. In the meantime I am concentrating on the whole area because like the Prime Minister told me he can not justify cutting the seat because the popula tion is smaller than it was in 2007. But I know he is looking for areas to run his men in, but no matter how he cuts it he cannot beat me. Its like the young people say, I aint on his run. I feel very secure. Carmichael Road on Friday, J uly 9. The victim was taken to h ospital by ambulance where he later died of his injuries. Travis Davis, 39, of Belldock Avenue, and Gregory Armbrister, 34, of HopkinsD rive, have already been charged with the murder of Sergeant Strachan. Humes, who was not represented by an attorney, was n ot required to enter a plea to t he charge during his arraignment before Chief Magistrate Roger Gomez in Court One,B ank Lane. Standing in the prisoners dock, Humes told the magis-t rate: I am in fear for my life f rom prison officers. I r eceived some threats. They said they would kill me. C hief Magistrate Gomez said the prison authorities would be notified of his conc ern. S ergeant Claudette McKenzie, the prosecutor, asked that the matter be t ransferred to Court 6, Par liament Street. She informed the court that o n March 14, a Voluntary Bill o f Indictment is expected to be presented in the case. Humes was remanded to Her Majestys Prison and is expected back in court on Wednesday, February 16, fora fixture hearing. L OCAL NEWS P AGE 10, FRIDAY, FEBRUARY 11, 2011 THE TRIBUNE T O DISCUSS ST ORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM Have you heard the good news? You CAN save money!If you need a lower premium,low deductibles,generous benefits and a fast claims service,pick up the phone and ask NIBA for a great insurance deal.Its time to pay less for insuring your car! Tel.677-6422 or visit www.nibaquote.com NASSAU INSURANCE BROKERS AND AGENTS LIMITED Atlantic House,2nd Terrace & Collins Avenue P.O.Box N-7764 Nassau Tel.677-6422 www.nibaquote.com Open Saturdays10.00am2.00pm CHARGED: Presley Humes is shown going into court yesterday. Felip Major /Tribune staff Third man charged with murder of prison officer F ROM page one MP unconcerned with reports that constituency may be cut into two Share your news The T ribune wants to hear from people who are making news in their neighbourhoods. Perhaps you are raising funds for a good cause, campaigning for impr ovements in the ar ea or have won an award. If so, call us on 322-1986 and share your story. FROM page one

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By NEIL HARTNELL Tribune Business Editor Phils Food Services, the G ladstone Road-based food retailer and wholesaler, is seeking to raise $5 millionf rom a private placement corporate bond offering, Tribune Business can reveal. The retailer, which has m ade a big impact on the Nassau groceries scene d espite being a relative newcomer, is offering to pay investors an 8.5 per centi nterest rate on the bond, which has a five-year duration before it matures. An e-mail sent out to prospective investors byW esley Percentie, an executive with Family Guardian (FG w hich is helping to place the bond offering, said: There is currently a private place-m ent taking place for Phils Food Services. Phils Food Services provides wholesale and retail food distribution t o New Providence and the Family Islands. The offering size is $5 million and thes ecurity offered is an 8.5 per cent Corporate Bond, with a term of five years. The offer ing will close on February 15, 2011. N o other details were forthcoming, though. Tri bune Business was told that F G Capital Markets was assisting the main placement agent for Phils Food Ser v ices, Sean Longley, the for mer CFAL executive who is now running his own busi ness, Leno Corporate Ser vices. SECTIONB business@tribunemedia.net FRIDAY, FEBRUARY 11, 2011 THETRIBUNE $4. 68 $4. 51 $4. 69The information contained is from a third p arty and The Tribune can not be held responsible for errors and/or omission from the daily report.$ $4.75 $4.77 $4.69 secure future leave your children nancially secure provide a safety net for your loved ones ensure a bright future for your familyall of the above A MBESTA-ExcellentFinancialStrengthRating call us today at (242396-1300 A SUBSIDIARY OFNASSAU I FREEPORT I ABACO I ELEUTHERA I EXUMA I FINANCIAL CENTRE I CORPORATE CENTRE I www.famguardbahamas.com B y NEIL HARTNELL Tribune Business Editor AML Foods chairman last n ight urged the Securities Com mission to show a little backbone and prevent Mark Finlaysons $12 million bid to acquire majority control of the company from dragging on for ever, telling Tribune Business the situation was causing too much turmoil in the market and uncertainty among staff. Speaking after Mr Finlayson earlier this week indicated the tender offer to acquire 51 per cent of AML Foods may be delayed, after investors in Asso ciated Bahamian Distillers and Brewers (ABDAB AML F OODS CHAIRMAN TELL S COMMISSION: SHOW BACKBONE Urges regulator to maintain orderly market by not letting $12m offer drag on indefinitely, affecting share price and staff Effectively tells Mark Finlayson: Put up or shut up SEE page 4B DIONISIO DAGUILAR By NEIL HARTNELL T ribune Business Editor Failure to privatise the Bahamas T elecommunications Company (BTC t remendously, the companys executive chairman told Tribune Busi-n ess yesterday, adding that the opportunity cost was likely equival ent to a good slice of gross domestic product growth. Julian Francis, who also served as the Government-appointed privatisation committees deputy chairman,t old this newspaper it was a pity that the Government did not privatise BTC back in 1998, justa fter the first Ingraham administration announced its intention to do so, a period when telecommunications stocks were at t heir peak and buyer interest might have generated a higher purchase price. Describing BTCs privatisation, via this weeks signing of the $210 million agreement for the sale of a 51 per cent stake to Bahamas lost good slice of growth on BTC BTC chairman says a pity state-owned incumbent not privatised back in 1998, as 12-year delay has cost the economy tremendously Says Bahamas can be CWCs best performing country in Caribbean, as buyer has best synergies and fit JULIAN FRANCIS SEE page 7B SEEKINGTORAISE$5M: Phils Food Services. B y NEIL HARTNELL Tribune Business Editor The Government must first approve any moves by a privatised Bahamas Telecommunications Company (BTC a cquire rival carriers/operations worth more than $37.5 million, i ts executive chairman con firmed yesterday, adding that t he possible end to free sameisland calls may not be a big issue due to the consumer shift to cellular. Julian Francis, who was also BTCS $3 7.5M ACQUISITION VET O THRESHOLD Mobile shift and product bundling means loss of same-island free landline calls may not be big issue Three-year cellular exclusivity extension needed to prevent BTC getting creamed by competition SEE page 5B By NEIL HARTNELL T ribune Business Editor The Government has already been in contact with the Bahamas International Securities Exchange (BISX listing procedures for the 9 per cent of the Bahamas Telecommunications Com pany (BTC to sell to the public later this year, while Heineken executives met with exchange executives this week over their planned $60-$65 million initial public offering (IPO Confirming both develop ments, Keith Davies, BISXs chief executive, told Tribune BISX contacted over BTCs IPO Exchange chief met this week with Heineken executives over Burns House/Commonwealth Brewery IPO Offering targeted at end-Q1/Q2, but awaits government approval SEE page 5B Food retailer in $5m capital offer SEE page 4B By ALISON LOWE Business Reporter alowe@tribunemedia.net Domestic airline operat ors and Odyssey Aviation expressed concerns about the Department of Customs plans to collect allegedly outstanding import duty and stamp tax from those who have brought planes into the Bahamas in a meeting with the Minister of Tourism and Aviation. According to sources close to some of the aircraft operators who attended the February 3 meeting, which included representatives from Golden Wings charters, Sky Bahamas, Take Flight Charters, Safari Seaplanes, Odyssey Aviation and more, the sector was told they may benefit from staying out of the newspaper when it came to the tax dispute. They were told that if they keep their complaints out of the media then Customs may back off, said a source, who spoke to this newspaper on Minister meets sector on plane tax concerns S EE page 4B

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BUSINESS PAGE 2B, FRIDAY, FEBRUARY 11, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM City Markets has named Benita Rahming as the supermarket chains first female chief executive in its more than 50-year history. M rs Rahming has previously been employed in posts such as retail territory manager and market analyst at Esso Standard Oil, where she was offered the chance to become that companys first female chief executive a position she turned down due to work in her family business. S he has also headed the mortgage department at Citibank. In O ctober 2010, she was hired as a consultant at Solomons Mines, and in November she moved to serve as the consultant for Bahamas Supermarkets, City Markets parent company. Her international work experience includes General Manager of Modern Bu-Jutsu out of Chicago, Illinois and Financial Analyst forV an Leer Containers Inc in Illinois. She holds an MBA in Accounting and Organization Behaviour from the Kellogg Grad-u ate School of Business in Chicago, Illinois Mark Finlayson, president of Trans-Island Traders, the 78 per c ent majority owner of City Markets, called Mrs Rahmings appointment a no brainer. Apart from her excellent ability to execute the companys mandate, Benita is a wife, mother and a shopper. Essentially she represents a key ingredient in the overall strategy and success of theC ity Market chain, Mr Finlayson said. Another major factor in her role as chief executive is the fact t hat she retains an executive management team mostly comprised of women. M rs Rahming added: We are already out of the gate, and much of what we intend to do is directly a result of listening to our c ustomers and our intention to create a shopping and food expe rience in this country that is unparalleled. Other executive appointments continue the theme of Mr Finlayson putting former Solomons Mines and Burns House staffers into his new business. E d Wilchinski has been appointed vice-president and chief administrative officer of Bahamas Supermarkets. Mr Wilchinski willb e responsible for the purchasing of products, special projects and human resource development. P rior to joining the company he was general manager of Bahamas Distillers and Todhunter Mitchell Distillery. He also served as deputy general manager of Burns House. Another appointment is Orinoco Bethell as vice-president and chief operations officer of Bahamas Supermarkets. She will be responsible for the companys day-to-day operating activities, including sales and revenue growth, expenses, cost and margin con t rol, directing company operations to meet budget and other financial goals. M rs Bethell brings with her 20 years work experience, and her last post was division manager for the Solomons Mines Perfume Bar. Karen Culmer has been named as chief financial controller of Bahamas Supermarkets. Miss Culmer will be responsible for the companys dayto-day accounting and financial reporting. Her work experience includes financial controller and account i ng manager at Burns House, and assistant manager of mutual funds at MeesPierson (Bahamas J udy Terrell has been appointed vice-president and chief strategist at Bahamas Supermarkets. Miss Terrell will be responsible for working closely with the chief executive and chief operating officer in directing and executing the companys vision. She has more than 20 years combined experience in the electronic media/broadcasting, corporate communications and public and private sector, having held the position as communication d irector and government liaison at Ginn sur Mer, and news direc tor at the Broadcasting Corporation of the Bahamas. City Markets appoints first female chief exec Kerzner Internationals Atlantis resort was officially inducted as a Platinum Member of the Florida-Caribbean Cruise Association (FCCA Henry Bain, Atlantiss director of sales and marketing for the marine and water park division, accepted the induction from the FCCAs president, Michelle Paige, and Michael Ronan, Royal Caribbeans vice-president for government relations. This was a great and important honour, since Atlantis, Paradise Island, offers numerous types of excursions to cruise lines such as Aquaventure, Dolphin Interactions, Snorkel tours and Beach Day packages, said Mr Bain. It was a natural fit for us to join the FCCA, and we feel that this new relationship will help Atlantis be a positive ambassador for the Bahamas, and help establish even better working relationships with some of the most prominent figures and decision-makers in the cruise industry. The Florida-Caribbean Cruise Association (FCCA for-profit trade organisation composed of 14 member bruise lines operating more than 100 vessels in Floridian, Caribbean and Latin American waters. Created in 1972, the FCCAs mandate is to provide a forum for discussion on legislation, tourism development, ports, tour oper ations, safety, security and other cruise industry issues. The FCCA works with governments, ports and all private/public sector representatives to maximise cruise passenger, cruise line and cruise line employee spending, as well as enhancing the des tination experience and the amount of cruise passengers returning as stay-over visitors. Atlantis inducted as cruise forums Platinum member BENITA RAHMING INDUCTION: Henry Bain, Atlantiss director of sales and marketing for the marine and water park division, accepted the induction from the FCCAs president, Michelle Paige, and Michael Ronan, Royal Caribbeans vice-pres ident for government relations. ED WILCHINSKI J UDY TERRELL KAREN CULMER ORINOCO BETHEL

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By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT The Bahamas National Trusts (BNT urged the shipping industry to employ practices that will help minimise potential neg ative impacts on the worlds oceans and its marine life. Eric Carey noted that the worlds oceans are under threat from pollution and marine debris related to shipping and land-based activities. Our activities constantly threaten to destroy the ocean and its wildlife, Mr Carey told persons at the Bahamas Maritime Conference and Trade Show luncheon in Freeport last week. The BNT executive said the Trust is presently working with the Dolphin Caribbean Fisheries Institute on a campaign to create awareness about marine debris in the Bahamas. He indicated they are going to be working with interna tional shipping companies and land-based companies to reduce marine debris and pol lution in Bahamian waters. Mr Carey stressed that everyone has a responsibility to keep the ocean healthy. Oceans In addition to providing the means by which many of you move products and people around the globe, we must not forget that beneath the waves exists life, and these oceans provide food, recre ation, clean air, carbon mitigation and many things we take for granted, he explained. At the opening of the conference, Prime Minister Hubert Ingraham said the Bahamian maritime industry is taking on new and increased importance in the overall economy, noting that the country has an impressive ship register, one of the largest in the world with over 52 million gross tons. Mr Ingraham also noted that the country has two significant fuel and crude oil transshipment terminals, one of which is the largest in the region. Mr Carey said the movement of petroleum products is always risky. He noted that accidental releases and collisions can still occur, despite the best efforts and highest environmental standards. We need to make sure that where practical we have double hull ships carrying hazard materials and petroleum products, he said. Mr Carey also noted that certain paints are not good for the environment, and encouraged the use of alternative products with less impact. The BNT and Bahamas Maritime Authority support high standards for any vessel carrying the Bahamian flag, he said. We understand there has to be impact but as an o rganisation we are charged with trying to encourage people with having minimum impact. On your ships, you can encourage taking less waste and reducing packaging so there is less temptation for people to throw stuff overboard. Mr Carey said vessels should change ballast water in deeper oceans, rather than near shore areas. He also encouraged vessels to have sludge tanks on board i nstead of releasing bilge, with high petroleum concentration, into the ocean. There are lots of things we can do as an industry, whether you work in a corner office in New York or in a hole of the ship, everybody has an important role to play, Mr Carey said. And practices that we commit to will make the dif ference in whether or not our oceans remain healthy. Mr Carey encouraged mariners and shipping companies to support conservation organisations, such as the BNT and the Nature Conservancy. We need support to do our work. The Government supports us, but we need the support of the industry, he said. BUSINESS THE TRIBUNE FRIDAY, FEBRUARY 11, 2011, PAGE 3B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM MasterCard has renewed its commitment to the Bahamas 'Find Your Way' promotion through a re-launch of the cam-p aign maximising value for Bahamians and tourists alike. It allows MasterCard card holders armed with a MasterCard booklet or map and their card to take advantage of specials offered by participating attractions, excursions, r estaurants, hotels and stores. The programme has grown by nearly 50 per cent since its inception in 2009, with some 47 partners participating this year. The launch, held at the British Colonial Hilton, drew the Minister of Tourism and Aviation, Vincent Vanderpool-W allace; chairman of the Bahamas Chamber of Commerce, Khaalis Rolle; president of the Bahamas Hotel Association (BHA Frank Comito; MasterCard vice-president of strategic partn erships for Latin America and the Caribbean, Patricio Rubalcaba, and leading merchants, restaurateurs and media. IT'S IN THE DETAILS Public relations executive Diane Phillips co-hosts MasterCard re-launch with Downtown Nassau Partnership managing directorm Vaughn Roberts. Her firm manages the MasterCard Find Your Way program locally, distributing maps and brochures at the cruise port, to hotel and other guests, and in stores. Residents who hold MasterCard are able to take advantage of the program by collecting booklets at participating merchants or restaurants, and it was a Bahamian who won the first Sweepstakes after completing a transaction at Scotiabank and going online to complete the Sweepstakes entry form. CREATING VALUE Minister of Tourism and Aviation, Senator Vincent Vanderpool-Wallace (right vice-president of strategic partnerships for Latin America and the Caribbean, Patricio Rubalcaba (left acceptance, Rafael Fuentes during the launch of the Find Your Way program. This is the third year MasterCard and the Ministry of Tourism have partnered in the campaign that Mr VanderpoolWallace said added value, helping to give the Bahamas a competitive edge in an environment where savvy vacation shoppers are searching for a difference. Mr Rubalcaba told the crowd gathered for the event at the British Colonial Hilton that in addition to an increase in the number of participating merchants up5 7 per cent since inception in 2009 the program boosted actual spend by 5 per cent, while spend in the industry as a whole declined and, most importantly, showed a customer sat isfaction rating of 90 per cent. THREE HATS, ONE NIGHT Bahamas Chamber of Commerce chairman Khaalis Rolle comes up a winner. Barely off the podi um as a guest speaker talking to hospitality and business leaders at the re-launch of the MasterCard Find Your Way programf or the third year, he steps back onstage to accept a winner's cheque for partner of the month for his own tourist excursion business, Bahamas Undersea Adventures. JEWELS-BY-THE-LAUNCH -Rory Dean (centre the-Sea on West Bay Street, and wife Marcy, chat with Anthony Smith, marketing manager of Diamonds International in down town Nassau, during last week's launch of the MasterCard Find Your Way program in partnership with the Ministry of Tourism. Pictured in the background are Michael Wicky, manager of Anthony's Grill on Paradise Island, and Michael Symonette, Bahamas Experience Tours. BAHAMAS FINDS WAY TO REWARDS By ALISON LOWE Business Reporter alowe@tribunemedia.net A former travel/tourism photographer who has developed the latest tool for beach lovers seeking the perfect vacation destination is encouraging Bahamian hoteliers to flaunt their beach front status. John Everingham, who last week launched The Beachfront Club, a website aimed at holidaymakers who want to find accommodation that lives up to the true meaning of beach front, said that getting involved with the website could equal a big windfall for Bahamian hotels. The site, two years in the making, was inspired by Mr Everinghams experience as a photographer, and later a publisher, in the travel industry in Thailand and South East Asia, where he admits he took and promoted images of hotels which appeared to be but were not actually right on the beach. Hotels would ask me to take photos which made it look like they were right on the beach, but really there was a busy road in the way. Over the years I saw so many people who were seriously angry. They want to be on the beach, they are paying good money for their hotel and they were so disappointed to find that the advertising was misleading. That was really the basis of what inspired me to start the website, said Mr Everingham. At www.thebeachfrontclub.com, visitors can find 7,000 hotels listed including 41 in the Bahamas at present which Mr Everingham says his team have identified as being truly beach front. Hotels have been identified using satellite imagery, aerial photographs brochures and whatever information is available, said Mr Everingham. More hotels can be added as they are identified and achieve their beach front credentials, and those who are already mapped on the website can get in touch with The Beachfront Club to take possession of their page on the site, which will then be populated with details about the accommodation. They can request an invitation. We will send them one and they can register, get a password, and claim the hotel for free, said Mr Everingham. For a premium $200 a month service, hotels get to link their own booking system to the website's hotel pages, and receive higher visibility on the website's beach maps. We need the participation of the hotels and the beach lovers to really make this work. Mr Everingham said he believes the website will have a real impact on the beach resorts of the world, drawing business towards those that are really on the beach. A beach lovers first choice is to be right on the beach. Those who qualify will find this is a big boon and a big windf all for them, he said. Sites big windfall for Bahamas hotels Maritime industry is warned on pollution

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BUSINESS PAGE 4B, FRIDAY, FEBRUARY 11, 2011 THE TRIBUNE TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 5HTXHVWIRUURSRVDOV ,QWHUQDO$XGLWHUYLFHV7KH8WLOLWLHV5HJXODWLRQDQG&RPSHWLWLRQ$XWKRULW\&$f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his family holds a 64 per cent stake, objected to the deal, Dionisio DAguilar said his company was finding it impossible to get a definitivea nswer from the regulator when it came to timelines and how the process would work. We have a distinct problem w ith the fact that the Securities Commission are being extremely vague on what the timeline is, Mr DAguilar said, telling Tribune Business the uncer-t ainty could potentially disrupt the AML Foods share price and maintenance of an orderly Bahamian capital market. Theres no definitive law, and we all have to operate in this world of best practices, which I find unacceptable, Mr DAguilar added. The Secu-r ities Commission needs to show some a little bit of backbone and recognise that it can-not drag this process on indefin itely. Hes [Mr Finlayson] got to put up and make a decision about what hes going to do. Its causing too much turmoili n the marketplace. Hes made an announcement and its mind-boggling to me that hes not dotted the is and crossed the ts before. Now, youre dithering. To me, thats not an option. Hes e ither moving forward or hes not. Mr DAguilar said the uncertainty over whether Mr Finlayson would move forwardw ith the $1.50 per share offer (a 44 per cent premium to the cur-r ent $1.04 market price) to acquire a 51 per cent stake in t he BISX-listed food retail group might impact its share price, and in the absence of anything concrete staff, too, were also being impacted. Its not an ideal environment to operate your business i n, he added. Were going out hiring professionals, incurring costs because of this acquisition. Youre either doing it or youre not. M r Finlayson said earlier this week that his need to satisfy A BAD shareholders over their concerns in relation to his prop osed AML Foods acquisition would likely delay the tender offers launch, although he disputed Mr DAguilars con tention that the Securities Com m ission had given him a deadline of today by which to do t his. Explaining that he had two issues moving forward, Mr Finlayson said: The immediate thing I need to address ism y ABDAB shareholders. They have been with us for a long, long time, and when they raised it and said theyre not in f avour of the AML purchase, it puts us in a bad position. The key contention is that ABDAB shareholders would h ave benefited enormously from Mr Finlaysons original C ity Markets expansion plans, as their company owns the real e state for three Super Centre sites he was targeting two in Nassau on JFK Drive and East-W est Highway, and one in Freeport. H owever, if the AML Foods acquisition is successful, Mr F inlayson would not need the East-West Highway and F reeport real estate, given the proximity of AMLs existing two Solomons SuperCentres ites. As a result, ABDAB investors would only realise r ental income yields from the JFK Drive property, largely e xcluding them from the benefits of a successful AML Foods p urchase. Pledging that he would pro vide a fair and equitable solution to involve ABDAB and its investors in the AML Foods transaction, Mr Finlayson said: Up until last week, this issue had not raised its head. Its only fair to ABDAB shareholders, s ome of whom have been with us since 1986, to deal with them. I feel an obligation to make sure theyre satisfied, and feel quite confident we can satisfy them and acquire AML as ar esult. Were in talks with a number of shareholders, and think we can come up with a product that satisfies every i nvestor. M r DAguilar, though, last night told Tribune Business that AML Foods had been led to believe that Mr Finlaysonh ad until today to issue a formal tender offer and circular to the companys shareholders. That would lead to the AML F oods directors issuing their o wn circular in response, and Mr DAguilar said he was under the impression that the whole process including theo ffer duration and Mr Finlaysons decision on whether to accept or reject the shares tendered would be over within 6 0 days. E ffectively sending Mr Finl ayson a put up or shut up message, the AML Foods chair-m an called on the Securities Commission to ensure this s tate of dither is not allowed to persist. Adding that AML Foods had its counter-strategy and plan in place, Mr DAguilar told Tri-b une Business: I just want to ensure the regulators donta llow the process to drag on indefinitely. They have a duty t o ensure orderly workings of the market, and by making this announcement and not moving forward, Mr Finlayson is disrupting the market. It behoovest hem to step in and bring order to the process. H e added that in AML Foods opinion, the Securities C ommission was not being definitive. We cannot get a def inite answer from them. Philip Stubbs, the Securities Commission chairman, while d eclining to give specifics, told Tribune Business earlier this w eek that the regulator was in contact with both sides, and was s eeking to ensure the process followed the draft Takeover Code it was set to release for industry consultation shortly. AML Foods chief tells Commission: Show backbone F ROM page 1B MARK FINLAYSON Food retailer in $5m capital offer As it is a private placement, it is being targeted ats pecific investors, only such as institutions and high networths, so ordinary members of the Bahamas publics hould not apply to get involved. It is not a public offering. P hilip Lightbourne, Phils Food Services owner, d eclined to comment when contacted by Tribune Business yesterday afternoon,b ut conceded that he was seeking to raise additional c apital for the business. He directed this newspaper to speak with Mr Longley, but he did not return phonem essages or e-mails prior to press time yesterday. Expansion P hils Food Services last year revealed plans for a $ 2.5 million expansion at its existing store, so it is possible some of the capital beingr aised is for this purpose. Mr Lightbourne, who t hen employed 125 people at the Gladstone Road food store which opened inD ecember 2009, said last year the expansion would create 50 jobs and involve an increase in the numbera nd variety of retail lines at Phil's, with a special focus on growing their produce sales in the wake of the Prime Bahamas/Bahamas Food Services merger.W holesale liquor will also be introduced. "We are putting in a mass ive cooler and taking the produce market to another l evel. Since Prime Bahamas (recently absorbed by BFS shut its doors, the retail mar-k et has gone really weak. We are going to pick up the s lack," said Mr Lightbourne. FROM page 1B Minister meets sector on plane tax concerns condition of anonymity. Contacted yesterday for comment, several of the Bahamian aircraft operators declined to go into details about the meeting. In an interview with Tribune Business, Vincent Vanderpool-Wallace confirmed that he met with the operators over the Customs tax issue and other aviation-related matters. I think there was a better understanding of what the Government is trying to achieve, and an assurance to them that we wish to see a healthy, thriving and profitable aviation sector. They outlined a number of things they thought would be helpful in acheiving those goals and thats really where we left it, said the Minister when asked about the purpose and outcome of the meeting. Asked what the Governments position is on the duty demand over aircraft, Mr Vanderpool-Wallace said that as far as he was aware there is no change on the position. Thats a matter for Customs to address, said the Minister. Undertaking However, Mr Vanderpool-Wallace said there was an undertaking on behalf of the companies represented to bring to the Government evidence of exactly how the sector is performing under the current (tax that the Ingraham administration can make informed decisions about any potential changes to its demands. He suggested companies operating in the domestic aviation sector have not been inclined to provide such information before. It is always good to know how they are doing now under the current regime, Mr Vanderpool-Wallace said. They gave an undertaking that made a great deal of sense, and have committed to go and take a look so that something can be provided to tell how they are doing today, so that any recommendations that are made are supported by the facts. In a country where there is no income tax and no need for anyone to provide evidence about how a company is performing, it is very difficult for the Government to make decisions about tax-related matters. The Department of Customs had suggested it would take action in January to collect the outstanding duty, which it said was owed by numerous domestic airline companies who had imported planes into the Bahamas without paying the required import and stamp tax, and by private plane owners. One airline was said to owe as much as $700,000. However, airlines and private plane owners have complained about the attempt to collect the tax, which was first brought to their attention in letters sent out in November last year. The letters threatened that if the aircraft operators did not pay up, they could face having their craft seized. The operators have argued that it is unfair for the Department to attempt to go back and collect the tax, given their claim that Customs was well aware that the planes were being brought into the country, but allegedly operated a policy of not collecting the revenue at the time. They also question on what basis the tax would be collected the purchase price of the plane when new, at the present time, or at the time it first came into the country and who would be asked to pay the tax whether that be those whose aircraft are registered in the Bahamas, or those who are not but have been in the country for a given period of time, or both. Meanwhile, operators have questioned what happens in the case of those who bought the planes second hand in The Bahamas from other people who originally imported them into the country. They allege that the Customs Department has refused to make these distinctions clear. Industry stakeholders have also insisted that for the Government to seek to collect the funds now places a financial stress on an industry which is vital to inter-island transporta tion and economic activity, and is already under financial pressure, as well as potential l y discouraging high net worth individuals who might wish to reside or do business in this country from doing so, on the basis that they will be taxed for bringing their plane into the country. Captain Randy Butler, Sky Bahamas chief executive, told Tribune Busines in January that should the Department of Customs not further clarify the basis upon which any tax demanded is being calculated, he would take the Government to court over the demands. For his part, Customs Comptroller Glenn Gomez, suggested that the Government is merely seeking to collect what should have been obtained in years past. Mr Gomez was not available for further comment on the status of the collection effort yesterday. F ROM page 1B

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BUSINESS THE TRIBUNE FRIDAY, FEBRUARY 11, 2011, PAGE 5B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM 52wk-Hi52wk-LowSecurit y Previous CloseToday's CloseChangeDaily Vol.EPS $Div $P/EYield 1 .260.97AML Foods Limited1.041.040.000.1230.0408.53.85% 10.759.67Bahamas Property Fund10.6310.630.000.0130.200817.71.88% 6.184.42Bank of Bahamas4.424.420.001,3000.1530.10028.92.26% 0.580.18Benchmark0.180.180.00-0.8770.000N/M0.00% 3.492.70Bahamas Waste2.702.700.000.1680.09016.13.33% 2.152.14Fidelity Bank2.172.170.000.0160.040135.61.84% 12.509.62Cable Bahamas10.2110.210.001.0500.3109.73.04%2 .842.36Colina Holdings2.402.400.000.7810.0403.11.67% 7.005.40Commonwealth Bank (S1)6.856.850.000.4880.26014.03.80% 3.651.63Consolidated Water BDRs2.102.06-0.040.1110.04518.62.18% 2.551.40Doctor's Hospital1.401.400.000.1070.11013.17.86% 6.995.47Famguard5.475.470.000.3570.24015.34.39% 10.207.23Finco6.516.510.000.2870.00022.70.00% 11.408.77FirstCaribbean Bank9.399.390.000.4940.35019.03.73% 5.513.75Focol (S)5.485.480.005,5000.4520.16012.12.92% 1.001.00Focol Class B Preference1.001.000.000.0000.000N/M0.00% 7.405.00ICD Utilities7.407.400.000.0120.240616.73.24% 10.509.82J. S. Johnson9.829.820.000.8590.64011.46.52% 10.0010.00Premier Real Estate10.0010.000.001.2070.2008.32.00% 52wk-Hi52wk-LowSecuritySymbolLast SaleChangeDaily Vol. 99.4699.46Bahamas Note 6.95 (2029BAH2999.460.00 100.00100.00Fidelity Bank Note 17 (Series A) +FBB17100.000.00 100.00100.00Fidelity Bank Note 22 (Series B) +FBB22100.000.00 100.00100.00Fidelity Bank Note 13 (Series C) +FBB13100.000.00 100.00100.00Fidelity Bank Note 15 (Series D) +FBB15100.000.00 52wk-Hi 52wk-Low Symbol Bid$ Ask$ LastPrice DailyVol EPS$ Div$ P/E Yield BISX LISTED & TRADED SECURITIES AS OF:7% Interest 7%RoyalFidelity Merchant Bank & Trust Ltd. (Over-The-Counter Securities)29 May 2015 W WW.BISXBAHAMAS.COM | TELEPHONE:242-323-2330 | FACSIMILE: 242-323-232019 October 2022 Prime + 1.75% Prime + 1.75% 6.95%20 November 2029THURSDAY, 10 FEBURARY 2011BISX ALL SHARE INDEX: CLOSE 1,472.35 | CHG -0.04 | %CHG 0.00 | YTD -27.16 | YTD % -1.81BISX LISTED DEBT SECURITIES (Bonds trade on a Percentage Pricing basis)Maturity 19 October 2017FINDEX: CLOSE 000.00 | YTD 00.00% | 2009 -12.31%30 May 2013 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%L ast 12 Months %NAV 3MTH 1.51221.4076CFAL Bond Fund1.51795.51%6.90%1.498004 2.95272.8300CFAL MSI Preferred Fund2.95270.18%1.61%2.918697 1.58091.5114CFAL Money Market Fund1.58080.43%4.59%1.550241 3.20252.8522Royal Fidelity Bahamas G & I Fund2.7049-0.56%-15.54% 13.638813.0484Royal Fidelity Prime Income Fund13.41640.44%-0.10% 114.3684101.6693CFAL Global Bond Fund114.36849.98%12.49%109.392860 106.552899.4177CFAL Global Equity Fund106.55284.75%7.18%100.779540 1.14651.0000FG Financial Preferred Income Fund1.14655.20%5.20% 1.11851.0000FG Financial Growth Fund1.11854.73%4.73% 1.14911.0000FG Financial Diversified Fund1.14915.35%5.35% 9.74859.1005Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 19.79504.85%5.45% 11.236110.0000Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 210.6417-1.20%0.50% 10.12669.1708Royal Fidelity Bah Int'l Investment Fund Principal Protected TIGRS, Series 310.12661.27%1.27% 8.45104.8105Royal Fidelity Int'l Fund Equities Sub Fund8.45100.72%9.95% BISX ALL SHARE INDEX 19 Dec 02 = 1,000.00YIELD last 12 month dividends divided by closing price 52wk-Hi Highest closing price in last 52 weeksBid $ Buying price of Colina and Fidelity 52wk-Low Lowest closing price in last 52 weeksAsk $ Selling price of Colina and fidelity Previous Close Previous day's weighted price for daily volumeLast Price Last traded over-the-counter price Today's Close Current day's weighted price for daily volumeWeekly Vol. Trading volume of the prior week Change Change in closing price from day to dayEPS $ A company's reported earnings per share for the last 12 mths Daily Vol. Number of total shares traded todayNAV Net Asset Value DIV $ Dividends per share paid in the last 12 monthsN/MNot Meaningful P/E Closing price divided by the last 12 month earningsFINDEX 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 7/11/200731-Jan-11BISX Listed Mutual FundsNAV Date 30-Nov-10 31-Dec-10 31-Jan-11CFAL Securities Ltd. (Over-The-Counter Securities)TO TRADE CALL: CFAL 242-502-7010 | ROYALFIDELITY 242-356-7764 | FG CAPITAL MARKETS 242-396-4000 | COLONIAL 242-502-752530-Nov-10 30-Sep-10 31-Jan-11 28-Jan-11 31-Jan-11MARKET TERMS31-Dec-10 NAV 6MTH 1.475244 2.910084 1.533976 107.570619 105.776543 30-Jun-10 31-Dec-10 30-Nov-10 31-Jan-11 6('5$-8/<66$:,/621 RI*OHQGDOH6XEGLYLVLRQ3%2; 1$66$8%$+$0$6 (03/2<0(17 23325781,7<&RPSXWHU+DUGZDUHDQG6RIWZDUHFRPSDQ\ VHHNVDSSOLFDQWVIRUWKHSRVWRI6RIWZDUH+DUGZDUHHFKQLFLDQ6DODU\FRPPHQVXUDWHZLWKH[SHULHQFHDQG HGXFDWLRQ $GGLWLRQEHQHWVDYDLODEOH ,QWHUHVWHGDSSOLFDQWVVKRXOGVHQGUHVXPHV DQGDSSURSULDWHLQIRUPDWLRQWR MREV#ELDVEDKDPDVFRP ,6/(7 )/25(67$/RI .HPS5RDG1DVVDX%DKDPDV N N O O T T I I C C E E PRINCE HALL FAMILY CO-OPERATIVE CREDIT UNION LIMITED (IN VOLUNTARY LI QUIDATION) Notice is hereby given that in accordance with Section 105 of the Co-operative Societies Act, 2005 that PRINCE HALL FAMILY CO-OPERATIVE CREDIT UNIONLIMITED is in dissolution. Dissolution commenced on December 29, 2010 when the Director of Societies exercised his powers pursuant to the Co-operative Societies Act, 2005. The Liquidator is James B. Gomez, P. O. Box SS-6229, 4th Floor, Centreville House, 2nd Terrace West, Centreville, Nassau, Bahamas. Persons having debts or claims against the Co-operative are required to send particulars to the Liquidator on or before March 31, 2011 In default, thereof, they will be excluded from the benefit of any distribution made before such debts are proved. Dated: February 10, 2011 JAMES B. GOMEZ Liquidator 5261$-21$66$,17 RI3,1(:22'*$5'(16 / HJDORWLFH 127,&( ,QROXQWDU\/LTXLGDWLRQf 7KLVQRWLFHUHSODFHVWKHSXEOLFDWLRQRI2FWREHU LQWKLV*D]HWWHZKHUHLQWKHQDPH0$5,67(//$ 6$ZDVLQFRUUHFWO\UHIHUUHGWR 1RWLFHLVKHUHE\JLYHQWKDWWKHDERYHQDPHG &RPSDQ\LVLQGLVVROXWLRQZKLFKFRPPHQFHG RQGD\RI2FWREHU7KH/LTXLGDWRU $UJRVD&RUS1DVVDX %DKDPDV $ 5*26$&253 /LTXLGDWRUf NEW YORK Greater confidence in the U.S. economy is leading investors to m ove money out of gold and into riskier assets in search of bigger profits. G old prices have fallen 4.2 percent since the beginning of the year as more evidence surfaced that the economy is strengthening. M ore positive economic news came Thursday when The Labor Department said the number of Americans applying for unemployment benefits for the first time fell to the lowest point since early July 2008. In addition, the Commerce Department said wholesale busin esses increased inventories 1 percent in December. Economists consider that a healthy level for inventories. S tocks, which are considered riskier assets than gold, have been rising since the beginning of the year. The Standard & Poor's 500 i ndex, the most widely used measure for stocks of large U.S. companies, is up 5.1 percent so far this year. "A lot of that flight-to-quality bid that we saw in gold over the past year has come out of the market," LaSalle Futures Group ana lyst Matt Zeman said. "So far, there just hasn't been a good driver to really propel it up." Gold and silver typically are considered safer assets to hold during uncertain economic times. Many analysts believe gold prices will climb higher this year because there still are global e conomic issues that need to be addressed. deputy chairman of the Government-appointed privatisation committee, told the Rotary Club of West Nassau that the Government extended BTCs cellular exclusivity post-privatisation from two years to three to give Cable & Wireless Communications (CWC enough time to restructure and get the business ready for competition, otherwise it would get creamed. This move has forced the Government to table amendments to the Communications Sector Policy in the House of Assembly, but M r Francis said: The Government recognises that if it liberalised [cellular] today, BTC would not be entirely ready for it. It needs to give it a little more time to make adjustments, otherwise they would get creamed. Cable & Wireless said: Look here, government, we need twoand-a-half to three years to get it ready at least. The bid process for a second cellular licence will thus start in mid2014, with a third such licence only available five years after privatisation, but Mr Francis said he was confident liberalisationw ould come to the Bahamian mobile phone sector. He added: If you look at the existing rates in the Bahamas and in the Caribbean, we expect rates to come down, and dont think they will come back up. C omparing the Bahamas $0.20-plus per minute cellular rates with the $0.02 per minute prevailing in Jamaica, Mr Francis said: The expectation is that when we have fierce competition in this sector, it will bring rastes down to where you have just enough prof-i t to make it a worthwhile business. Compensating W hile the free intra-island fixed voice landline calls enjoyed by all residents today might become a thing of the past in a libera lised market, Mr Francis said there were compensating factors. He pointed out that Bahamas-based carriers, including a privatised BTC, could bundle together products such as fixed voice landline, cellular, Internet and TV, offering some or all of these at lower price points and thus compensating for the end to free s ame-island calls. In addition, Mr Francis said that with consumers in the Bahamas and rest of the world increasingly shifting to cell phone use, fixed voice services in the home were becoming increasingly obsolete, making the end to free same-island calls less of an issue. A cknowledging that he did not know whether free same-island calls would become a thing of the past, Mr Francis said: As we all k now, in the Bahamas we enjoy fixed landline costs that could not possibly be lower. It would be incorrect to think they could go lower. The best we could hope for is that they remain as they are. A fter detailing the product bundling solution, he added: The Bahamas, like other places in the world, is moving rapidly to m obile. Today, BTCs mobile services are 70 per cent of its busi ness, and less than 30 per cent is fixed, and we expect that shift is g oing to continue over time. With fixed landline becoming increasingly important instead for Internet connectivity, Mr Francis said of the free same-islandc alls situation: I dont think thats going to be a critical issue. Adding that a privatised BTC would provide commercial serv ices on a par with whats available in Florida and the US, Mr Francis said that among the issues the Government had veto powe r over the areas it has to agree with CWC before changes can be implemented at BTC were alterations to the companys corporate governance and capital structure. BTC is also prevented from lending money to other entities in the CWC group (it can only lend money within BTC rowing and making loans above a certain level, placing a mortgageon company assets, relocation of operations outside the Bahamas, entering into strategic partnerships and joint ventures, and contracts outside the normal course of business also require the Govern ments approval. BTCs $37.5m acquisition veto threshold F ROM page 1B B usiness yesterday that the exchange had already been contacted and asked several general questions regarding general listing issues by the Government in relation to its plans to floatt he BTC valued at between $36-$40 million to Bahamian investors by year-end. Meeting A nd he also told this newspaper that executives from international brewing g iant, Heineken, had been in Nassau earlier this week, meeting with both B ISX and the Securities Commission, in relation to the upcoming 25 per cent Burns House/Commonwealth Brew-e ry IPO. Theres no secret. They were in t own, and we met with them, Mr Davies told Tribune Business, declining to comment on what was discussed. S ources familiar with the situation this week told Tribune Business that the Burns H ouse/Commonwealth Brewery IPO was being target-e d for a date i n the late first quarter/early second quarter of 2011, withR oyalFidelity selected as the leadp lacement a gent/advisor. T he investment bank has been calling around key institu-t ional investors and advisors in the Bahamian capital markets to inquire h ow much of the IPO they and their clients plan to take up. They were calling around last week, a sking how many assets you had under management, how much youre going to take, said one source. Tribune Busin ess understands that while most of the IPO details have been worked out, H eineken and Burns House/Comm onwealth Brewery are now waiting on the Government to approve the timing of the IPO. With the Government having effectively agreed to underwrite the IPO by picking up all the shares not subs cribed for by private investors, Tribune Business understands that the Ingraham administration has to approve the launch date, something that could be impacted by the current fiscal position. O ther conditions for the IPO are t hat Bahamian investors get the same price, and same terms and conditions, as Heineken did when it acquired the Burns House/Commonwealth Brewery stakes previously held by the Finlayson-controlled Associated Bahamia n Distillers and Brewers (ABDAB f or a price estimated to range from $ 120-$130 million. BISX contacted over BTCs IPO F ROM page 1B KEITHDAVIES OVERSEAS NEWS Investors shift money fr om gold to riskier assets

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BUSINESS THE TRIBUNE FRIDAY, FEBRUARY 11, 2011, PAGE 7B TO DISCUSS STORIES ON THIS PAGE LOG ON TO WWW.TRIBUNE242.COM ANDROS C AT ISLAND ELEUTHERA MAYAGUANA SAN SALVADOR GREAT INAGUA GREAT EXUMA CROOKED ISLAND / ACKLINS LONG ISLAND ABACO S hown is today's weather. Temperatures are today's highs and tonights's lows. KEY WEST WEST PALM BEACH FT. LAUDERDALE TAMPA O RLANDOL ow: 47F/8C L ow: 47F/8C L ow: 60F/16C L ow: 58F/14C Low: 59F/15C Low: 63F/17C L ow: 70F/21C Low: 65F/18C H igh: 70F/21C H igh: 64F/18C High: 76F/24C High: 76F/24C High: 76F/24C High: 74F/23C H igh: 83F/28C L ow: 67F/19C High: 79F/26C Low: 72F/22C H igh: 83F/28CRAGGED ISLANDL ow: 67F/19C H igh: 87F/31C L ow: 71F/22C H igh: 84F/29C L ow: 67F/19C High: 82F/28C L ow: 67F/19C H igh: 85F/29C Low: 70F/21C High: 89F/32C L ow: 69F/21C H igh: 85F/29C Low: 69F/21C High: 87F/31C Low: 70F/21C High: 88F/31C L ow: 70F/21C H igh: 84F/29C H igh: 76F/24CF REEPORT NASSAU MIAMI THE WEATHER REPORT 5-DA YFO RECASTTimes of clouds and s un Mostly cloudy, a shower or two late Partly sunny, a shower; not as warm Partly sunny, breezy and pleasant M ostly sunny, breezy and pleasant High:8 Low:7 High:7 High:7 High:8 AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeel AccuWeather RealFeelS unshine and nice High:79Low:6 Low:6 Low:6 AccuWeather RealFeel 8 F T he exclusive AccuWeather RealFeel Temperaturei s an index that combines the effects of temperature, wind, humidity, sunshine intensity, cloudiness, precipitation, pressure, and elevation on the human bodyeverything that effects how warm or cold a person feels. Temperatures reflect the high and the low for the day. 73F 75-63F 77-63F 80-64F 81-66F Low:6 T ODAYTONIGHTSATURDAYSUNDAYMONDAYTUESDAY AL MANACHigh ..................................................82F/28C Low ....................................................73F/23C Normal high ......................................77F/25C Normal low ........................................64F/18C Last year's high ..................................78F/26CL ast year's low ..................................64F/18C A s of 1 p.m. yesterday ..................................0.00" Y ear to date ..................................................1.68" N ormal year to date ......................................2.38" Statistics are for Nassau through 1 p.m. yesterday Temperature Precipitation SU NANDMO ON TIDESFORNASSAU F irst FullLast New F eb. 11Feb. 18Feb. 24Mar. 4Sunrise . . . 6:47 a.m. Sunset . . . 6:01 p.m. Moonrise . . 11:37 a.m. Moonset . . 12:40 a.m. Today S aturday Sunday Monday H ighHt.(ft.LowHt.(ft. 1:01 a.m.2.37:26 a.m.0.6 1:08 p.m.1.97:23 p.m.0.1 1:59 a.m.2.48:28 a.m.0.6 2:09 p.m.1.98:22 p.m.0.1 3 :00 a.m.2.59:31 a.m.0.4 3 :13 p.m.1.99:24 p.m.0.0 3:59 a.m.2.610:29 a.m.0.3 4 :15 p.m.2.110:25 p.m.-0.3 Tuesday W ednesday T hursday 4 :54 a.m.2.811:23 a.m.0.0 5:13 p.m.2.411:23 p.m.-0.4 5:47 a.m.3.012:12 p.m.-0.3 6:07 p.m.2.5----6:36 a.m.3.212:18 a.m.-0.7 6 :58 p.m.2.81:00 p.m.-0.7 MARINEFORECAST WINDSWAVESVISIBILITYWATER TEMPS. ABACO ANDROS CAT ISLAND CROOKED ISLAND ELEUTHERA FREEPORT GREAT EXUMA GREAT INAGUA LONG ISLAND MAYAGUANA NASSAU SAN SALVADOR RAGGED ISLAND Today:SW at 7-14 Knots4-7 Feet6 Miles74F Saturday:N at 12-25 Knots5-9 Feet10 Miles74F Today:S at 4-8 Knots1-2 Feet10 Miles77F Saturday:NNE at 12-25 Knots2-4 Feet10 Miles77F Today:SSE at 6-12 Knots3-5 Feet10 Miles77F Saturday:NNW at 6-12 Knots3-6 Feet10 Miles78F Today:ESE at 8-16 Knots3-5 Feet10 Miles77F Saturday:ESE at 7-14 Knots2-4 Feet10 Miles77F Today:S at 7-14 Knots3-5 Feet10 Miles76F Saturday:N at 10-20 Knots4-7 Feet6 Miles76F Today:NNW at 6-12 Knots2-4 Feet10 Miles75F Saturday:N at 12-25 Knots4-8 Feet10 Miles75F Today:SE at 6-12 Knots1-2 Feet10 Miles76F Saturday:N at 8-16 Knots1-2 Feet7 Miles76F Today:ESE at 8-16 Knots2-4 Feet10 Miles78F Saturday:E at 7-14 Knots2-4 Feet10 Miles79F Today:ESE at 7-14 Knots1-3 Feet10 Miles77F Saturday:NNE at 7-14 Knots1-2 Feet6 Miles77F Today:ESE at 8-16 Knots5-9 Feet10 Miles79F Saturday:SE at 7-14 Knots4-8 Feet10 Miles79F Today:S at 6-12 Knots1-2 Feet10 Miles75F Saturday:NNE at 12-25 Knots2-4 Feet10 Miles75F Today:SE at 6-12 Knots1-3 Feet10 Miles78F Saturday:NNE at 7-14 Knots1-3 Feet10 Miles78F Today:SE at 6-12 Knots1-3 Feet10 Miles77F Saturday:N at 8-16 Knots2-4 Feet7 Miles78F U V INDEXTODAYThe higher the AccuWeather UV IndexT Mnumber, the g reater the need for eye and skin protection.Forecasts and graphics provided by A ccuWeather, Inc. AccuWeather.com L Atlanta A t l a n t a Highs: 50F/10C H i g h s : 5 0 F / 1 0 C Kingston K i n g s t o n Highs: 86F/30C H i g h s : 8 6 F / 3 0 C Caracas C a r a c a s Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Panama City P a n a m a C i t y Highs: 91F/33C H i g h s : 9 1 F / 3 3 C Limon L i m o n Highs: 84F/29C H i g h s : 8 4 F / 2 9 C Managua Ma n a g u a Highs: 92F/33C H i g h s : 9 2 F / 3 3 C Cozumel C o z u m e l Highs: 83F/28C H i g h s : 8 3 F / 2 8 C Belize B e l i z e Highs: 78F/26C H i g h s : 7 8 F / 2 6 C Charlotte C h a r l o t t e Highs: 51F/11C H i g h s : 5 1 F / 1 1 C Charleston C h a r l e s t o n Highs: 54F/12C H i g h s : 5 4 F / 1 2 C Savannah S a v a n n a h Highs: 57F/14C H i g h s : 5 7 F / 1 4 C Pensacola P e n s a c o l a Highs: 54F/12C H i g h s : 5 4 F / 1 2 C Daytona Beach D a y t o n a B e a c h Highs: 69F/21C H i g h s : 6 9 F / 2 1 C Tampa T a m p a Highs: 64F/18C H i g h s : 6 4 F / 1 8 C Freeport F r e e p o r t Highs: 76F/24C H i g h s : 7 6 F / 2 4 C Miami Mi a m i Highs: 76F/24C H i g h s : 7 6 F / 2 4 C Nassau N a s s a u Highs: 83F/28C H i g h s : 8 3 F / 2 8 C Havana H a v a n a Highs: 77F/25C H i g h s : 7 7 F / 2 5 C Santiago de Cuba S a n t i a g o d e C u b a Highs: 83F/28C H i g h s : 8 3 F / 2 8 C San Juan S a n J u a n Highs: 84F/29C H i g h s : 8 4 F / 2 9 C Santa S a n t a Domingo D o m i n g o Highs: 85F/29C H i g h s : 8 5 F / 2 9 C Trinidad T r i n i d a d Tobago T o b a g o Highs: 88F/31C H i g h s : 8 8 F / 3 1 C Port-au-Prince P o r t a u P r i n c e Highs: 90F/32C H i g h s : 9 0 F / 3 2 C Cape Hatteras C a p e H a t t e r a s H ighs: 44F/7C H i g h s : 4 4 F / 7 C Aruba Curacao A r u b a C u r a c a o Highs: 87F/31C H i g h s : 8 7 F / 3 1 C Antigua A n t i g u a Highs: 84F/29C H i g h s : 8 4 F / 2 9 C Barbados B a r b a d o s Highs: 85F/29C H i g h s : 8 5 F / 2 9 C Bermuda B e r m u d a Highs: 66F/19C H i g h s : 6 6 F / 1 9 C Atlanta Highs: 50F/10C Kingston Highs: 86F/30C Caracas Highs: 88F/31C Panama City Highs: 91F/33C Limon Highs: 84F/29C Managua Highs: 92F/33C Cozumel Highs: 83F/28C Belize Highs: 78F/26C C harlotte Highs: 51F/11C Charleston Highs: 54F/12C Savannah Highs: 57F/14C Pensacola Highs: 54F/12C Daytona Beach Highs: 69F/21C Tampa Highs: 64F/18C Freeport Highs: 76F/24C Miami Highs: 76F/24C Nassau Highs: 83F/28C Havana Highs: 77F/25C Santiago de Cuba Highs: 83F/28C San Juan Highs: 84F/29C Santa Domingo Highs: 85F/29C Trinidad Tobago Highs: 88F/31C Port-au-Prince Highs: 90F/32C Cape Hatteras H ighs: 44F/7C Aruba Curacao Highs: 87F/31C Antigua Highs: 84F/29C Barbados Highs: 85F/29C Bermuda Highs: 66F/19C INSURANCEMANAGEMENTTRACKINGMAP Showers Warm Cold Stationary Rain T-storms Flurries Snow IceShown is today's weather. Temperatures a re today's highs and tonight's lows. N S EW S E 1 0-20 knots N S EW S E 7 -14 knots N S EW S E 7 -14 knots N S EW S E 6-12 knots N S EW S E 6 -12 knots N S EW S E 8-16 knots N S EW S E 6-12 knots N S EW N S S S 4-8 knots Cable & Wireless Communications (CWCt ant, Mr Francis said: Its a pity we couldnt do this in 1998 or thereabouts 12 years ago. Thats when we really wanted t o do it. Recalling how he served on the first-ever privatisation committee created by the Government back then, Mr Francisa dded: It would have been far better for the economy if wed been able to do it, but at that time BTC was not in a position t o do it, as it couldnt get audited financial statements. The groundwork for BTCs privatisation had already been laid then, with the Ingrahama dministration reducing the companys workforce by more than 50 per cent from 2,600 to 1,200 sparking rowdy s cenes and protests in Rawson Square. P rime Minister Hubert Ingraham has previously saidt he failure to privatise BTC was among the biggest regrets of his f irst administration, hinting that with hindsight he should have l et the process proceed despite t he absence of audited financial statements. I really believe it has cost the economy tremendously, the m issed opportunity of competition, lower prices, the extens ion of existing services, launch of new services, more investm ent in the sector, all these kinds of things, Mr Francis said of the stop, start nature of the privatisation over the intervening 12 years, including two f ailed processes. Adding that it would be a project for an economist to undertake, the former C entral Bank governor said of the total opportunity cost incurred by Bahamian busi-n esses and the economy: It wouldnt surprise me if youre talking a good slice of the GDP growth. Pointing out that the Bahamas had lagged main regional rivals when it came to communications sector liberalisation and competition, with Barbados, for example, getting Internet services four yearsb efore this nation, Mr Francis said there was no question about the need to privatise BTC. We need to get this done, get this behind us, and moveo n with life, he told Tribune Business. Partner The BTC executive chairman said the privatisation committee a nd the Government could n ot have done much better in their selection of a strategic partner in CWC, given its r egional footprint, familiarity with Caribbean culture and how to operate in this area, and the fact that its business modela lmost exactly matched BTCs. Pointing out that for some p otential buyers some aspects o f BTC would have no value, g iven that they were focused in specific sectors, Mr Francis told T ribune Business: Its probab ly true to say theres more synergy with Cable & Wireless than any other buyer. A dding that no other telecoms carrier could provide wider and fuller synergies than Cable & Wireless, Mr Francis r evealed that during negotiations with the British-headquartered operator, he had told its representatives he felt a privatised BTC, under their majority control, could be transformed into their best-perf orming jurisdiction in the Caribbean. I think it is possible that BTC is going to far outstrip their other businesses in the region. I really do, he added. They have the resources, thes ynergies and the footprint to extract the maximum value from it. They, more than anyone else, can get value out of BTC. I think its a great opportunity for them, and a great opportun ity for us. Addressing critics of the privatisation, Mr Francis told Trib une Business: Those people opposed to the 51 per cent sale, t heyre living in the past and dont understand where the economy needs to be, and dontu nderstand the reality of global competition If you dont have the big guys going to bat for you todayi n those critical areas of your business, like procurement, like roaming arrangements, those big arrangements that benefit international business, which is so important for the Bahamas, if you do not have that kind ofs upport in the business, youre going to be a second rate play er. Bahamas lost good slice of growth on BTC FROM page 1B


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