The Tribune.
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00084249/02842
 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: 3/13/2007
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
sobekcm - UF00084249_02842
System ID: UF00084249:02842

Full Text

FOR LENT im lovin' it





Volume: 103 No.93

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S emr see

TV show claims former

companion of Anna

Nicole seeking permanent

residence in the Bahamas i.


Tribune Staff Reporter
HOWARD K Stern, the for-
mer companion of Anna Nicole
Smith, is seeking permanent res-
idence in the Bahamas, accord-
ing to a report on Court TV last
The report also said that Mr
Stern has barricaded himself in
the Coral Harbour home that
Anna Nicole was seeking to pur-
chase shortly before her death.
However, Mr Stern's camp
could not be reached last night
for comment on these and other
The show also aired several
phone calls, allegedly from for-
mer Immigration Minister
Shane Gibson to Anna Nicole
Smith's cellular phone.
Over the span of three days -
December 15 to 17 Mr Gib-

Woman found
dead in street
A WHITE woman was
found dead lying on the
street in Boyd Road on Sun-
day afternoon.
Police Press Liaison Offi-
cer, Inspector Walter Evans,
stated that the identity of
the woman and the cause of
her death are currently
The police are also uncer-
tain of the nationality of the
woman, and an autopsy will
be performed to determine
the cause of her death,
according to Mr Evans.

son is reported to have left six
messages on Ms Smith's cell
phone, and called a seventh time
without leaving one.
According to TMZ.com -
which has recordings of the mes-
sages posted on its website one
call comes in to Ms Smith's
phone at 9.05pm on Saturday,
December 16.
Because of the three hour
time difference, Mr Gibson was
calling after midnight from the
In all but one of the messages,
Mr Gibson identifies himself as
"Shane" and takes the time to
identify the time at which he is
calling, the date, and add that
he would "call ya later".
Mr Gibson, who is still the
PLP candidate for the Golden
Gates constituency resigned
from his cabinet post as Minister
of Immigration after his "close"
relationship with Anna Nicole,
whose permanent residence he
had "fast tracked", came to
Mr Gibson's father "King
Eric" had piloted Anna Nicole's
boat, "Cracker" from Florida to
the,Bahamas; his mother baby-
sat for Anna Nicole's daughter
Danielynn, and his wife Jackie,
a minister at Mount Tabor Full
Gospel, personally ministered
to Ms Smith.
Also, Mr Gibson is still under
investigation by the police for
reportedly receiving a watch val-
ued at some $18,000 from Ms
Despite being criticised for
the closeness of this relation-
ship Mr Gibson maintained that
he had done nothing wrong stat-
ing that the former playmate
had not only befriended him,
but his entire family.

- Hl r

registering to vole at the
Mall at Marathon yes-
terday for the upcoming
general elections.
VOTER registration will
continue until a "writ of
election" is issued, said par-
liamentary registrar Errol
Mr Bethel appeared on
the radio talk show Imme-
diate Response, to dispel
erroneous media reports
suggesting that registration
would end yesterday.
"Basically the register for
the election will not close
until writs of elections are
actually issued. So the only
thing that really happens is
that the register that was the
current register, will now
close, and that will officially
no longer be the register of
record," he said. The old
register closed yesterday,
March 12.
Deputy Permanent Sec-
retary of the parliamentary
registry, Mr Sherlyn Hall,
said that recently his depart-
ment has seen a significant
upswing in registration, with
long lines being present yes-
terday at several registra-
tion sites.
Mr Hall expects the reg-
istration numbers to soon
reach, and then surpass the
144,758 voters from the old
registry. According to Mr
Hall it is also still likely that
the registration numbers
will arrive at, or near, the
160,000 voters his depart-

SEE page nine

Former AG claims Long Island
FNM afraid of constituency could
dialogue on race I be contested by
0 By RUPERT MISSICK Jr three candidates
Chief Reporter

THE FNM is afraid of a dia-
logue on race because they are
frightened that the black popu-
lation would be attracted to it,
former attorney general Paul
Adderley said.
He was appearing on the Gems
105.9 radio show Tell It Like It
is, hosted by another former
attorney general, Sean McWeeny.
Mr Adderley said that the crit-
icism the PLP has received with
regard to raising the race issue
has been unfair.
However, the former attorney
general said that this is not new
and occurs every election "some-
body says something about race".
SEE page nine

THREE candidates may con-
test the Long Island constituency
in the general election.
James Miller, the former FNM
candidate for Cat Island, Rum
Cay and San Salvador in the 2002
election, has confirmed to the
FNM incumbent, Larry
Cartwright, that he will run as an
independent for the constituen-
cy, according to Mr Cartwright.
Additionally, sources have indi-
cated to The Tribune that Mr
Anthony Knowles is also likely
to run as an independent for the
The source indicated that
SEE page nine

Dentists angry

over omission

from NHI scheme
DENTISTS have expressed
their outrage at not being included
in the National Health Insurance
They claimed their profession is
being neglected and undervalued
by the government.
"Perhaps the architects of the
plan assumed that Bahamians
don't value the importance of den-
tal health, and would not be angry
if the proposed national health
plan did not include dentistry,"
said the Bahamas Dental Associa-
tion in a statement issued yester-
The association noted that its
members had supported the
improvement in public access to
quality healthcare represented by
SEE page nine

Tribune Staff Reporter
YOUNG Haitian-Bahamians have told The
Tribune that they are dedicated to carrying on the
work of the Haitian activist who was killed last
The group aims to organise "stateless" Haitian-
Bahamians around such issues as equal access to
education and citizenship for persons who have
already attained the age of 18.

On Sunday, the funeral service of human rights
activist Michael Pierre was held at Calvary Deliv-
erance Church. Last month, Pierre was stabbed to
death on Boyd Road.
Police said he was leaving DNC Takeaway
around 6pm when a man threw a rock at him
before stabbing him multiple times about the
body. An ambulance was called to the scene and

SEE page nine

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Young Haitian-Bahamians dedicated to

carrying on work of murdered activist





SU.Hugo ..Chavez.....

An outrageous proposal in O!Hnore
haunts Bush
t Bah min nd ru on tour of
rPAr i"T R 1mM i lin1 tllch Latin America

51 %Iv v4144 AI4 I. wU

A FEW weeks ago a real
estate company in North
Carolina, Infinity Partners, posted on
its website a "Grand Bahama Island
Update" purporting to be a status
report on a proposal presented to the
Bahamas government for the devel-
opment of east Grand Bahama.
The report, dated February 7, 2007,
was quickly circulated over the inter-
net and mentioned in several news
stories in the local press, but there
were no screaming headlines about
it in the newspapers.
Perhaps reporters and editors did
not give it much credence or maybe
they thought it was a hoax since it
quickly disappeared from the Infinity
Partners website. Prime Minister Per-
ry Christie had been hinting at some-
thing big about to happen in Grand
Bahama but this was bigger than big.
Then Tourism Minister Obie
Wilchcombe confirmed that the gov-
ernment had indeed received a devel-
opment proposal for east Grand
Bahama. Even so, the Minister's rev-
elation was reported in the bottom
half of a story about the possible
acquisition of the closed Royal Oasis
resort in Freeport.
The proposal was put forward by
Beka Development Company
through its Bahamian subsidiary,
Bahamas Golden Beach. It was a gen-
uine proposal, Mr Wilchcombe told
S The Tribune.
"The proposal has been sent in to
the government, and we are now
looking at it. It's now in the prelimi-
nary stages. We have not yet sat and
discussed the matter."

The proposal is for the biggest
sale of publicly owned Bahami
an land since the Hawksbill Creek
Agreement creating Freeport was signed
in 1955. It is, in fact, bigger. Beka wants
100 square miles of land in east Grand
That works out to 64,000 acres; the
original Freeport transaction was for
50,000 acres. And it is 20 per cent bigger
than New Providence, which is only 80
square miles. The proposed price is
$2,800 an acre.
Of course, Beka wants a casino
licence,:what it calls a master casino
licence, for the rest of Grand Bahamia.
The proposal also calls for a number of
other items, including:
All the concessions granted to Kerzn-
er, Baha Mar and Ginn; the right to full
access use of the existing harbour; an





option to purchase the lease of the entire
harbour when the existing lease expires;
the right to reopen a secondary airport
and to facilitate the arrival of private
and charter flights; the right to control
the road plan and redirect existing roads
to fit the master plan; the right to expand
and change components of the project
and partner in aspects without reappli-
cation to the Government, and prohibi-
tion from others to access any canals or
harbours within five miles of the com-
pany's site.
According to Infinity Partners, the
existing Bahamian government will have
elections on May 5 and "they would like
to complete all the approvals and make
a formal announcement at least 30 days
in advance".
Mr Christie and his colleagues in the
PLP government must have taken leave
of their senses even to entertain such a
proposal. But it is obvious tiat prelimi-

This policy will create a multitude of
problems for the Bahamas for many
years to come. It is already putting land
beyond the reach of many Bahamians,
and that is going to cause huge social
and political problems in the future.

Whether Mr Christie and his
colleagues believe it or not, the
country is already in an uproar over
the giveaway and cheap sale of
Bahamian land to foreigners for
residential development.

nary talks have taken place and that
Beka has been encouraged to proceed.

Whether Mr Christie and his
colleagues believe it or not.
the country is already in an uproar
over the giveaway and cheap sale of
Bahamian land to foreigners for resi-
dential development.
The sale of the government's Cable
Beach Hotel together w ith hundreds of
acres of prime publicly owned land in
the same area for the scandalous price
of $43 million and a raft of conces-
sions to boot was a betrayal of the
interests of the Bahamian people.
The sale to foreign developers of
10,000 acres of publicly-owned land in
Mayaguana for just a few hundred dol-
lars an acre with the promise of a 200-
room hotel sometime in the future was
also an outrageous abuse.
The Mayaguana developers are
committed to build, in the first
instance, only a boutique hotel which is
really a necessary component and ameni-
ty for their real interest: the sale of lots
on the international market.
It is also reported that the government
is negotiating for the sale of 275 acres of
prime beachfront property in Crooked
Island to foreign land developers. For-
tunately, the local leaders on that island
have more sense than the PLP govern-
ment and are resisting this deal.

t is easy to understand why foreign
land developers and speculators
are swooping down on the Bahamas. Mr
Christie and the PLP government have
spread out the red carpet for them in
the form of "a new model"' for the devel-
opment of the country. The principal
component of that new model is to sell as
much Bahamian land to foreigners as
they can.
This policy will create a multitude of
problems for the Bahamas for many
years to come. It is already putting land
Beyond the reach of many Bahamians.
and that is going to cause huge social
and political problems in the future.
The developers, for the most part,
care little about the conservation of the
environment which makes The Bahamas
so attractive in the first place, and some
of them are already doing irreparable
damage to this wonderful natural her-
When it is all done they will simply
walk away with their billions in profit
from the sale of Bahamian land so gen
erously parcelled out to them by the gov
ernlent ol the Bahamas.

If the lots being put on the market in
this Great Bahamian Land Rush are sold
and occupied then we will have foreign
settler communities all over the
Bahamas, together with some "second-
home owners" who will rent their hous-
es on the internet. This is a recipe for
tension and conflict between settlers and
natives and, consequently, political prob-
It will also present challenges to our
sovereignty because the settlers can be
counted on later to make unpalatable
demands of us and to resist attempts to
regulate or tax their properties. And
they will seek the support of their own

Our deluded PLP prime minister
obviously believes that God is
guiding him in his mad rush to sell his
people's birthright to strangers, and that
God is looking over his shoulder approv-
ingly as he signs it all away in heads of
agreement. That must be why he beams
from ear to ear and happily does his
But Mr Christie will learn that God
did not give this country to the PLP, as
one of his colleagues claimed years ago,
and did not personally anoint him as
king of The Bahamas with the divine.
right to dispose of it as he sees fit.
He might also come to understand
that God loves all His children includ-
ing FNMs just as much as He loves
PLPs, and that we are all put here to do
what is right.
Tiiere mist be omt people left in the
PLP whose heads have not been dis-
turbed by the rarefied atumosphcie of
power, who are still in touch with reality
who are not blinded by greed people
who can stay the hand of this prime min-
ister before he signs away all our land.
We are still today dealing with the
challenges of certain provisions of the
Hawksbill Creek Agreement, which was
signed half a century ago. Some of the
problems with that agreement were
apparent from the beginning, some were
not. Surely, that in itself is a lesson for
Mr Christie not to do more foolishness in
It ought to be unthinkable that he and
his colleagues would inflict this mon-
strous insult on the Bahamian people
and that he intends to get it all done
before the elecuon, but one cannot be
sure. That Mr Christie and his ministers
ale "looking at it" is cause for deep wor

read Insgh
[.6 1 S '

dent Hugo Chavez chanted
his anti-Bush mantra of
"gringo go home" on Sunday '-'
night in a friendly reunion
with Nicaraguan revolution- i'
ary Daniel Ortega in front of
thousands of cheering sup-
porters, according to Associ- -
ated Press.
With US President George
W Bush on a five-country
tour of Latin America,
Chavez is haunting the man -
he sees as his ideological .
nemesis, vowing to revive a
global socialist opposition to :.r.
the US.
As Bush travelled from
closely allied Colombia to
Guatemala on Sunday
evening, Chavez and Ortega
traveled 55 miles to the city of
Leon, where they left flow-
ers at the tomb of poet
Ruben Dario and announced
that Venezuela would build
a new oil refinery nearby.
Cheered by thousands,
Chavez said Bush's tour was
a failure.
"Latin Americans are
telling you: 'Gringo, go
home!'" he said.
On Monday, the Venezue-
lan leader plans to head to
the Caribbean nations of
Haiti and Jamaica. "
Chavez and Ortega agreed "'
to press forward with plans
for an oil refinery with a
planned capacity of 150,000
barrels a day.
Ortega estimated the facil- "'
ity would cost US$2.5 billion, "'
to which Chavez added: "We
don't need to go begging
before the International -
Monetary Fund or from any-
body because now we've cre-
ated the Banco del Sur, which '
will also be in Nicaragua."
Chavez is promoting the .
South American develop- I.
ment bank as an alternative ,
to the International Mone-
tary Fund.
When former US foe Orte- 7.
ga returned to the presidency .,,*
in January after 17 years, .. ,
Chavez promised Nicaragua
a slew. of aid and investment,
including cash, oil under pref-
erential terms, the refinery
and factories.
The two leaders also signed *
deals then for some US$20 .,
million in low- or no-interest
loans to help Nicaragua's rur-
al poor and improve health
care and education.
Chavez arrived in
Nicaragua late Sunday,
warmly greeting Ortega and
taking another jab at Bush
by saying, "Today the chief
imperialist is trying to put out
the Sandinista, Bolivarian '"'
and freedom fires spreading ''
in these lands, but he can't in
this empire nor in thousands
of others."
Chavez spent most of Sun- '
day in Bolivia, where he
addressed a packed gymna- ':''
sium in El Alto a poor city
on a cliff above the de facto
Bolivian capital of La Paz.
There too, Chavez taunt- '
ed Bush, and repeated accu- .
stations that the US was trying '
td assassinate him and close
ally Bolivian President Evo -'-t
Morales, allegations the US -'i
has denied.
Bush met with conserva- "-'
tive Colombian President
Alvaro Uribe, his strongest ,'
ally in the region, in Bogota l
on Sunday and traveled to
Guatemala that night.

.,.g 'd .'


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o In brief

Rastafaria ns
call for legal
in retreat

A CALL for marijuana to be
"descriminalised" in a Family
Island retreat for Rastafarians
has been made to Prime Minis-
ter Perry Christie.
Rastafarians say there should
also be a relaxation of sentenc-
ing policies for marijuana pos-
session, with laws being revised
to reflect UK police practice.
The proposals are contained
in a statement handed by the
Rastafarian community in Nas-
sau to the prime minister.
They feel sentencing for Indi-
an hemp possession should be
Other demands are:
Official recognition of the
Eastern Orthodox Church and
Rastafarian faith
Help via a government
stipend for an official Rastafar-
ian primary to tertiary school
Granting of crown land in
the Family Islands for a Rasta-
farian retreat where the per-
sonal use of marijuana would
be decriminalised
An end to unconstitutional,
forceful and illegal cutting of
dreadlocks of Rastafarians and
grassroots Bahamians on sen-
tencing at Fox Hill
Immediate release of all
prisoners convicted of hemp
possession, and those whose
remand periods already exceed
possible sentences
That Fox Hill's maximum
security unit be condemned as
inhumane, unsafe and unsani-
tary and that funds be used for
a new facility
An end to all inhumane,
degrading and illegal treatment
of prisoners, including strip-
searching and illegal lockdown
of female inmates
Religious freedom for all
Rastafarians imprisoned at Fox
Hill with the right to worship
with their own priests
Reparations from western
industrialized nations involved
in slavery and repatriation of
those with a "burning desire"
to return to Africa.

Old Bahama
Bay donates
for hospital

Tribune Freeport Reporter
Bay Resort and Yacht Harbour
made a $5,000 cheque presen-
tation to assist with the pur-
chase of a cardiac monitor for
the West End Clinic.
Minister of Health Dr
Bernard Nottage accepted the
cheque on behalf the Depart-
ment of Public Health during a
presentation ceremony held at
the clinic.
The money was donated by
members of the resort's perfor-
mance troupe known as the
West End Love Train.
The 16-member group has
gained recognition abroad for
its stellar performances, but also
for. its contributions to the West
End community.
Jerreth Rolle, guest and activ-
ities director and troupe leader,
said the funds donated were
part of a contribution the group
received from a generous
Dr Nottage commended the
group for the gift, which will
"further enhance the quality of
healthcare" for the residents
and visitors of West End.
"The heart monitor is a won-
derful machine because it mon-
itors one's heart rate, and
detects anomalies, andgiven the
distance betw .n here and the
Rand (Memoriql Hospital) we
can all appreciate how impor-
tant it could be in assisting and
providing the healthcare needs,
particularly in times of emer-
gency," he said.
"Who would have imagined

five years ago that after some
years of what I called benign
neglect, West End will be on
brink of the new era of pros-
perity and development of such
magnitude," Dr Nottage added.
A $4.9 billion world-class
resort community is being
developed at West End by the
Ginn Company, which plans to
construct 4,400 condominium
and hotel units.
Old Bahama Bay Resort was
recently acquired by the Ginn.
Last year, Old Bahama Bay
donated an ambulance to the
West End Clinic.

Rastafarians to march again to

campaign for fair treatment

planning their second march
in a month to demand fair
treatment for themselves and
grassroots communities.
They want an end to dis-
crimination and all "acts of
brutality" against poor people
in the inner city. And they are
demanding equality in hous-
ing, employment, education
and financial services.
The Rastafari community in
the Bahamas is reckoned to
number between 17,000 and
20,000 people, and they feel
they have a significant role to
play in laying a moral base for
Priest Rithmond McKinney
said: "We are tired of being
oppressed. It is now or nev-
Rastafarians staged a march
from Arawak Cay to the
House of Assembly earlier
this month. Now they are
planning a second demonstra-
tion on March 23 (11.30am at
Arawak Cay) to emphasise
the main points of their cam-
A statement handed to

Prime Minister Perry Christie
calls for several measures to
end police targeting of Rasta-
farian and grassroots com-
munities, and eliminate dis-.
criminatory practices in
They want to ensure that
Rastafarian children are not
subjected to religious indoc-
trination in schools, and seek
an end to "Eurocentric" edu-


They also want a balanced
curriculum "which fully takes
account of the rich history of
Africa and the African peo-
Priest McKinney told The
Tribune that Rastafarians offer
a structured moral code for
rootless young men who have
lost their way in life.
And they provide a behav-
ioural framework which can
help the country move forward
harmoniously and cut crime
figures, he said.
The time had come, he said,

take to the street during
their protest last week

for the public to cast aside
their "stereotypes and mis-
conceptions" of Rastafarians
and appreciate their virtues.
"We can help whatever
government is in power to
make this a better country,"
he said.
They also want a better deal
for teachers and an end to
"decades of conflict" between
government and teachers
which had hampered educa-
tional development in the
Identifying closely with
grassroots communities gen-
erally, the Rastafarians want
"real economic empower-
ment" for the people, with
business incentives and appro-
priate funding.
"We demand that economic
development in the Bahamas
be focused on, the enhance-
ment and revival of impover-
ished inner city communities,"
their statement adds.

Mitchell under fire

for attitude on US

human rights report

A LOCAL activist has hit
out at Foreign Affairs Min-
ister Fred Mitchell for his
stance on the American
government's latest human
rights report on the
The report, issued by the
US State Department, criti-
cised the Bahamas on many
issues, among them condi-
tions at Her Majesty's
Prison, the treatment of
immigration detainees and
discrimination against
In the wake of the report,
released last week, Mr
Mitchell expressed concern
with the prominence that it
was given in the press.
"It seems to me that every
year, the State Department
Human Rights Report -
which is a routine report
which is done on every
country in the world takes
on a significance far beyond
its actual importance," he
Elsworth Johnson, acting
president of the Bahamas
Human Rights Network,
said that while his organisa-
tion agrees that all coun-
tries, including the United
States, "fall short in achiev-
ing perfect human rights
records, the point of this
report is for the Bahamas
to reflect on where it falls
short and to examine how
it intends to respond to the
issues raised by this report.
"After the report came
out, Foreign Affairs Minis-
ter Fred Mitchell suggested
that we were not viewing
the report critically. Fair
enough, but where is the
report inaccurate Mr Min-
ister?" Mr Johnson asked.
"It has been sited for
years now that Fox Hill
Prison is an unfit prison;
that it fails the Bahamian
people in rehabilitating
those held there; that it fails
those held there by not
meeting basic humane stan-
dards as set out in the UN
Declaration on human
rights of which the Bahamas
is a signatory."
He pointed to the fact
that inmates at the prison
sleep on concrete, that
human waste is held in slop
buckets despite warnings
of serious health concerns -
and that cells at the prison
are extremely overcrowded.
"The US report is not
inaccurate. It is painfully,
and embarrassingly accu-
rate, concerning Fox Hill
Prison," Mr Johnson said.
He said this is not just an
issue for prisoners, but an
issue for all those who must


work in such an unhealthy envi-
ronment and ultimately for
the public, "who should expect
that those sent to Fox Hill are
being rehabilitated, so that they
do not return to society as crim-
inals, but as people who have
been shown a way to turn their
lives around in a positive direc-
With regard to the
Carmichael Road Immigratiori
Detention Centre, Mr Johnson
noted that there is overcrowd-
ing, poor food and health stan-
dards and child detention in vio-
lation of international stan-
"For too long now we have
heard the same reports of abus-
es of those held there. Some are
held for years with no resolu-
tion of their claims for asylum.
Reports continue of detainees
being abused there. Yet the
response has been to build a
wall around the facility. What
are we trying to hide?" Mr
Johnson said.

He said the report raises
many other serious issues,
including the extended deten-
tion of suspects following arrest
and concerns about the inde-
pendence of the judiciary.
"Allegations of corruption
and brutality in the Royal
Bahamas Defence and Police
Force have been acknowledged.
What is our response to these
allegations? What are we doing
as a society to correct these
problems?" Mr Johnson asked.
"What are we doing about
the rights of women, children,
people with disabilities, traf-
ficked persons, national racial
and ethnic minorities, the rights
of minority religious groups and
members of the lesbian, gay, bi-
sexual and trans-gender com-
"These are human rights con-
cerns and must therefore con-
cern every citizen and person
who lives in the Bahamas
regardless of political affilia-
tion," he said.






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Parliament Street (near Bay St.) Tel: 322-8393 or 328-7157
Fax: 326-9953
Crystal Court at Atlantis, Paradise Island Tel: 363-4161/2
Lyford Cay (next to Lyford Cay Real Estate in
Harbour Green House) Tel: 362-5235


Greetings, to all you people of Bahamaland.
.Another Political General Elections is here. We
in our survivors: Political Party, O.S.P.P, have
been in the last two! We first appeared publicly
on front page media on 18th March, 1996.
However, our platform was written on 27th
November, 1995, it was classified as having
planks, e.g. we were first to call for National
University; also to run country on revenues
only! Also to remove the sewerage plant from
Potters Cay. As well as building a new modern
hospital. To make an all-out effort to farm sea
and land and sell products to the rest of the
world. This would increase revenues to add to
what we make from Tourism, and Customs
Tariffs!... We have called the $2000 Million
National Debt caused by PLP and FNM ungodly.
You voters must dismiss them at once, Vote
them out! This same time on 15th September,
1996 O.S.P.P. called for Minimum Wage Act, at
corner of East and Hay Streets. A few days
later PM. Sir Lynden, made a press statement
to this good measure, then FNM government
made it law. At that time we saw the minimum
wage as being $5.00 an hour and old age
pension as $455.00 per month. What do you
all feel it should be now?........................
We have been on 3 different radio talk shows
and had over sixty newspaper articles on
Editorial pages. But we now prefer to go door
to door. Our fee of $3.00 registration and $2.00
a month is unheard of. We stopped register at
234 people.............................................
We have called for a woman Prime Minister frm
1996!! Surprised!!! O.S.P.P. cannot be bought
or sold. Your always steady two soldiers: Elder
Stephen Sands and Servant Kenneth Taylor,
remain faithful to the cause. Bye for now and
we must all continue to praise ALMIGHTY
JEHOVAH ONLY, Whose Names are many.........
For Behold now RASTAFARIANS have now
Politically Advanced. It may just as well be that
they help govern England and Canada now
observes their customs and cultures. Because
no one is better than anyone and no-one is
worse than anyone!!!




The Tribune Limited
Being Bound to Swear to 7he Dogmas of No Master

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

(lHon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

Publisher/Editor 1972-

Puhlished Daily Monday to Saturday

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

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

Sources and the Libby trial

Confidential sources are the life's blood of
investigative journalism Ihc\ play key loles in
unearthing scandals and wrongdoings, large
and small, national and local.
in the Libby trial, 10 reporters i luctantly
and under subpoena testified about their con
versations with confidential informants. In the
aftermath, who could blame would-be whistle
blowers in the future for being sceptical about
reporters' assurances of confidentiality?
With the special federal counsel's success
in forcing so many prestigious journalists onto
the witness stand, promises that anonymity
would be forever protected would surely be
For the journalism trade, there are two
major paradoxes in the Libby prosecution,
which concluded last week with the former
chief of staff of Vice'President Dick Cheney
convicted on four out of five counts of lying to
the FBI and a grand jury. They were investi-
gating the leak of the name of a CIA operative
whose husband, former ambassador Joseph
Wilson, publicly challenged President Bush's
claims about Iraqi efforts to acquire uranium.
The first is that the confidential sources the
journalists were committed to protecting on
principle, were not whistle-blowers at all. The
sources were besides Lewis Libby Karl
Rove, President Bush's chief political opera-
tive; Ari Fleischer, at the time White House
Press secretary; and Richard Armitage, then
deputy secretary of state.
If one looks at what was intended in their
separate conversations with established Wash-
ington reporters, their purpose was not to
expose wrong-doings or illegal activities for
the public good. Neither were they trying to
expose misbegotten policy, nor reveal what
really was happening behind closed doors.
These sources were not in danger of losing
their jobs, because they were not revealing
misconduct by their bosses, but acting on their
behalf. One source, Armitage, described him-
self as no more than a serial gossip.
The others focused on undermining a critic
of the Iraq wai who was upsetting the Whiet
House, and especially Cheney.
The second paradox is that the well-con-
nected and experienced correspondents for
the most part failed to sniff out the intensity of
the effort undertaken by these high govern-
ment officials. Likely, that was because their
status within the media hierarchy depended on
their relationship with their sources
In the words of Los Angeles I'mnes media
writer Tim Rutten, "... if you stand back Irom
what occurred during those months, you have

Plugging you into the power of the sun...

A Star in the Galaxy Group of Companies
Crawford St., Oakes Field
Tel: 323-5171 Fax: 322-6969

the picture of a number of high-level corre-
spondents from very fine news organizations
who were essentially missing the story in the
interest of preserving their access ..
Apparently, the first to receive the infa-
mous leak was Bob Woodward, of The Wash-
igi!ton I'ost. He was talking to Armitage about
matters e lasting to other projects. Woodward
was not interested in pursuing the tip, and
said nothing about it to anyone else, except, he
claims, to a Post colleague, Walter Pincus.
Pincus says he doesn't remember Woodward
telling him. Later, Pincus did hear from Fleis-
cher. and then wrote a story.
Ovel at The New York Times, star reporter
Judy Miller heard about the CIA agent and
her role three times from Libby, her very good
source. To preserve their confidential rela-
tionship, she spent 85 days in jail. She never
worked on a story about it. Instead, she said,
she told her bureau chief and suggested some-
one else should follow it up. The bureau chief
says she remembers no such thing.
The first publication of the leak came in
Robert Novak's column, and it carried the
administration's intended message undermin-
ing Ambassador Wilson's credibility.
In so far as others then began to show inter-
est, it was more in the way of confirming the
details of the leak rather than recognizing the
organized campaign that was behind it.
Over the years, print journalism has got
much better owning up to mistakes. Correction
boxes have become staple items in many pub-
lications. acknowledging inaccuracies resulting
from inattention and or the pressures of writ-
ing on deadline. Many of these misstatements
are factual. important in themselves though
not critically detracting from the thrust of the
When more serious mistakes occur, some
publications offer lengthy narratives in expla-
nation and apology, investigating and then
sharing with readers just how the system that
was supposed to forestall them failed.
But journalism is not good at recognizing
and admitting errors of omission. These errors
have a specific gravity usually exceeding the
errors of commission, and are rarely acknowl-
edged even when perceived.
In the Libby affair, it was the failure of the
supposedly best and the brightest to grasp the
essence of the story. And that default grew
out of reporters thinking they knew too much
to ask follow up questions and were too bound
to their sources to do so.
(* This article is by Harry Rosenfeld of The
New York Times 2007)


efforts going

on in Freeport

EDITOR, The Tribune

THE efforts presently being
made to restore, and in some
instances to augment Freeport's
horticultural landscape has
brought to mind the late Horace
Gay, the individual many con-
sider to be most responsible for
the landscaping along the verges
of Freeport's major roadways
and within the median strips of
its highways.
Persons who resided in
Freeport during the early 1970's
into the mid-1980's will no
doubt be familiar with Horace's
name and his most affable "hel-
lo sunshine" salutation with
which he greeted everyone,
regardless of station. I often
thought to myself that the greet-
ing mav have been intended to
mask the fact that he likely did
not have the best memory for
names. Hence, so as to offend
no one, he addressed all, includ-
ing his closest of friends, in iden-
tical fashion with his signature
"hello sunshine" greeting.
As soon as I penned the
words "regardless of station"
an incident which I found to be
particularly distasteful came to
mind. A spokesman of some
prominence, while bringing
greetings at a funeral, observed
the head of one of the country's
uniformed branches seated in a
pew mid-way through the
church and remarked "Don't
they know who you are.' You
should be seated in the first or
second row."
I mused to myself how regret-
table and indeed most unfortu-
nate it was that someone of
such a station seemingly held
the view that a man's measure is
judged by the pew he sits in at a
funeral service.
Resuming where I left off, I
believe Horace first came to

Freeport sometime in the late
1960's to assume responsibility
for landscaping of the Bahamia
subdivision on behalf of the
Bahamia Service Company. He
joined the Grand Bahama Port
Authority a few years later and,
seemingly, almost single-hand-
edly undertook a mammoth
tree planting exercise along
Freeport's highways and major
Horace was either a horticul-
turalist or botanist, I'm not
quite certain which. A gradu-
ate of the University of Florida,
if I'm not mistaken, he seemed
to know all there is to know
about plants.
In those days regulations
existed regarding the types of
trees which were "allowed" to
be planted in specific subdivi-
sions. Each subdivision was to
have a distinctive ambience and
charm, easily identifiable by its
flora. Horace was also plant
policeman, ensuring horticul-
tural compliance by the various
The recent sustained effort
to restore some of the lost
charm which once typified
Freeport's road verges and
median strips is to be com-
mended. Refreshingly beauti-
ful flora, which long lay
obscured by scrub vegetation,
is visible once more. I am par-
ticularly impressed with the
effort made thus far along
Midshipman Road between
West Beach Road and Balao
If I'm not mistaken, the ongo-
ing beautification efforts were
initiated by Burton Miller, who

seemingly "left" the Port
Authority somewhat uncere-
moniously after a not very long
stint as City Manager. I have
heard it said politics may have
been afoot.
Some mistakes made during
earlier tree planting exercises
are regrettably being repeated.
In instances, trees have been
planted much too near street
light standards, particularly in
the median strips along East
Sunrise Highway, Seahorse
Road and Midshipman Road.
Foliage from the full grown
trees consequently interferes
with illumination of the road-
ways to the detriment of the
motoring public and pedestri-
A stark instance of a previ-
ous tree planting "error' is to
be found at Ranfurly Circus.
Many years past, the circle
was well illuminated at night by
four floodlights placed at the
entrances/exits to/from the
roundabout. Palm trees planted
in front of the street light stan-
dards have, over the years,
grown to a height greater than
the standards completely
obscuring the lights, thus ren-
dering them useless. The prob-
lem has been allowed to persist
for far too long and ought to be
Except for one or two letters
written by a particular "friend
of the court", the Grand
Bahama Port Authority has
recently been maligned more
than at any other time during
its 50-year history. I believe they
are due kudos for the beautifi-
cation effort presently being
made. But please, kind sirs, get
the tree planting right.

Freeport, Bahamas
March 6 2007

Rainfall for New Providence

EDITOR, The Tribune

I SHOULD be grateful if you
would kindly give the under-
mentioned in some space in
Voui newspaper:
The rainfall measurements
monthly in Central Large Blair
-where I live for the
twelve months ended Decem-
ber 31, 2006 and comparable
measurements for 2005 were
as follows:-
January 2007 only produced
.52 of an inch well below the
average of 2.50 inches, but Feb-
ruary so far has produced 3.29
inches which is well above the

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January .53 .88
February 1.99 .27
March .92 1.19
April 3.18 3.23
May 4.16 7.63
June 11.22 6.80
July 5.27 2.42
August 9.72 10.42
September 3.89 5.17
October 6.07 5.07
November 2.17 .65
December 2.21 2.46


average and 3.23 inches thereof
has fallen in the last five days.
The average rainfall for New
Providence is about 48.00 inch-
es per year.
With kindest regards and


many thanks for the good work
by The Tribune.

February 16 2007

Is Mitchell obfuscating

the real issues again?

EDITOR, The Tribune

Few politicians get more inches in the press than Fred Mitchell,
The Bahamas Minister of Foreign Affairs. He seems to have a dai-
ly press conference. The question that comes to mind is the use-
fulness of his pronouncements.
The issue for yesterday's (Thursday, March 8, 2007)
press conference by Mr. Mitchell was the recently released
Country Reports on Human Rights Practices 2006
http://www.state.gov/g/drl/rls/hrrpt/2006/78878.htm by the Unit-
ed States State Department.
According to press reports he did not deny the content of the
UiS report but used the opportunity to dismiss the seriousness of
the issues outlined by suggesting that sources have noted that the
US has more money laundering than The Bahamas, and the US
has problems in their prison system. He specifically mentioned
"...what is happening in Guantanamo Bay." and "what is hap-
pening to blacks in the prison system in the US."
Once again Mr. Mitchell hopes to take the attention off of the
serious issues that face our prison system by suggesting that the US
has similar problems.
Of course he can't help but bring race into the discussion. A
subject he seems preoccupied with.
Why not deal with the over crowding at the Fox Hill prison, the
alleged rapes of prisoners and rumours of an AIDS epidemic
among the inmate population there. If these matters were cor-
rected. leaving a few less issues that Bahamians themselves com-
plain about, he would not have to be offended by the US report
every year.
Maybe Mr. Mitchell would consider sharing plans how our
human rights practices will be improved. This seems more impor-
tant than bellyaching about the US to me.
One can only conclude that he prefers to obfuscate for politi-
cal purposes.
Administrator, WeblogBahamas.com
March 9 2007







OIn brief

Hilton to

host talk

on cancer


THE British Colonial
Hilton will be hosting a pub-
lic lecture tomorrow under
the theme "Cancer preven-
tion. do vitamins and dietary
supplements really work?"
As part of the Medical
Association of the Bahamas'
35th annual conference, the
lecture will feature Dr Mark
A Moyad, the director of
complementary and preven-
tive medicine at the Univer-
sity of Michigan's Medical
Centre Ann Arbor.
The event, which starts at
7pm is free of charge and
open to the public.

Hearing for
suspects to

SECRET hearings for two
suspected masterminds of the
September 11, 2001 attacks
and a third terror suspect
were held over the weekend
at Guantanamo Bay, Cuba,
as the military launched pro-
ceedings to determine
whether 14 high-profile
detainees should be prose-
cuted, according to Associat-
ed Press.
According to US Defense
Department spokesman
Bryan Whitman, hearings for
Abu Faraj al-Libi and Ramzi
Binalshibh were Friday, and
a hearing for Khalid Sheikh
Mohammed was Saturday.
He said another hearing at
the US Navy base in south-
east Cuba was scheduled for
The hearings are to deter-
mine whether the detainees
should be declared "enemy
combatants" who can be held
indefinitely and prosecuted
in a military tribunal.
Mohammed, who was born
in Pakistan and raised in
Kuwait, is believed to have
been the mastermind of the
September 11 attacks with the
alleged help of Binalshibh, a
Yemeni who also is suspected
of being involved in a foiled
plot to crash aircraft into
London's Heathrow Airport.
Al-Libi is a Libyan regard-
'ed by Pakistani intelligence
as a successor to Mohammed
'as the third-ranking al-Qai-
da leader. He became the
most wanted man in Pakistan
for reportedly mastermind-
ing two bombings 11 days
apart in December 2003 that
targeted President Pervez
Musharraf for his support of
the US-led war on terror.
Musharraf narrowly escaped
injury, but 17 other people
'were killed.
The 14 high-profile
detainees were moved in
September from a secret CIA
prison network to the prison
at Guantanamo Bay, where
the US holds about 385 men
on suspicion of links to al-
Qaida or the Taliban.

6:00 Community page 1540arn
11:00 Immediate Response
noon ZNS News Update
12:05 ImmediF'- Response
1:00 Legends: Eddie Minnis
2:00 Island Life Destinations
2:30 Turning Point
3:00 Practical Principles: Kemp
Road Ministries
3:30 Ernest Leonard
4:00 The Fun Farm

5:00 ZNS News Update
5:05 Andiamo
5:30 The Envy Life
6:00 Conservation Through
6:15 Seven Seas Informcial
6:30 News Night 13
7:00 The Bahamas Tonight
8:00 Island Lifestyles
8:30 Battle of The Brains
9:00 Holby City
10:00 Caribbean Newsline
10:30 News Night 13
11:00 The Bahamas Tonight
11:30 Immediate Response
12:30 Community Pace 1540AM

Peter Adderley: PLP won't win as

many seats in New Providence

Chief Reporter
WHILE he believes the PLP
will win the next election, for-
mer attorney general Paul
Adderley said that he does not
think the party will be able to
secure every seat in New Prov-
idence but one, as it did in 2002.
Mr Adderley made this state-
ment while appearing on the
Gems 105.9 radio show Tell It
Like It is.
The loss in 2002, Mr Adder-
ley said, has been more of a
blight on Mr Ingraham's record
than on that of Tommy Turn-
"I was co-ordinator of the
PLP campaign in the last elec-
tion. Every week with the
exception of the pros for we had
a lot of new candidates who had
never run for the house before -
we used to have a meeting
every week to discuss what you
found out during this week.
"Well, about a month before
the campaign one night, virtu-
ally everybody in the room told
me these people don't like
Hubert Ingraham. I said: Are
they talking about the incum-
bent who is an FNM? No they
are not talking about the incum-

Former election co-ordinator speaks out on prospects

* PAUL Adderley

bent. Are they talking about the
FNM as a party? No they are
talking about Hubert.
"I told them to forget that,
forget that. You are being mis-
led or misleading yourself. No
one in Carmichael or Golden
Gates is going to vote against
Hubert Ingraham. I was wrong.
I was dead wrong. That's what
happened in the last election,"
Mr Adderley said.
However, he said that if the
FNM loses the upcoming gen-
eral election, it will not be
because of Mr Ingraham or
the FNM's position on the
"For those who voted the
way they voted in 2002 there is
no reason why they should

A FEMINIST research group
is calling on governments in the
region to back a UN position
on discrimination against female
At its 51st session in New
York, held from February 26 to
March 9, the United Nations
Commission on the Status of
Women focused on "The elim-
ination of all forms of discrimi-
nation and violence against the
girl child."
The Caribbean Association
for Feminist Research and
Action (CAFRA) wants
Caribbean governments to sup-
port its commitment to this ide-
al given the acknowledged high
levels of abuse against female
children particularly in the
United Nations studies show
that the onset of sexual initia-
tion in the Caribbean is among
the earliest in the world.
The health problems associ-
ated with early sexual activity
are compounded by psycholog-
ical harm, social and economic
insecurity and often further vio-
lence that accompanies such
activities, according to the
Regional newspaper reports
in recent months tell of mur-
dered young women, gang
raped girls and sexual and oth-
er violence against females in
In many cases, the perpetra-
tors were much older than the
In St Vincent and the
Grenadines, according to one
noted consultant pediatrician, at
c(;1' t wit 'Li % f lth l. e ml't a ospi-t
c;s tllhat ga',e bilth atI a hospital

are impregnated by older men.
With regard to HIV/AIDS,
an analysis of the situation with-
in the Caribbean
region shows that gender
inequality is fueling the rapid
spread of the disease, as many
women do not have control
over their lives and their bodies.
Many women and girls do not
have the power to refuse
unwanted sex, nor can they
negotiate condom use.
Age-mixing, that is sex
between young women and old-
er men, also drives the
Caribbean pandemic.
In Trinidad and Tobago, HIV
rates are five times higher in
girls than in boys aged 15 to-19.
At one Surveillance Centre for
pregnant women in Jamaica,
girls in their late teens were
twice as likely to be infected as
older women.
In spite of these setbacks,
girls who do stay in schools, in
many cases are outperforming
the boys.
This gives rise to a mistaken
belief that all is well with the
girls. However, the statistics
indicate the opposite, CAFRA
"The United Nations Com-
mission on the status of Women
is making a timely intervention
as these dilemmas escalate in the
region," said the organisation in
a statement. "Let us work to
build commitment among men
and women, boys and girls
towards eliminating violence
against women and girls. It is
good for girls and women. It is
good for families, including men
ind hov-. It is good for devel-
opment in our region."

change quite frankly," Mr
Adderley said.
"Only five years five years is
not a very long time. We should
elongate the period here. Five
years is a very short time in the
life of a government.
"The first year you have to
find where the pencils are. You
don't have time to do all the
things and you cheating your-
self. And the country is being
cheated by just changing a gov-
ernment eyery five years. Ten
years is about the time to
change a government," he said.
Despite this, Mr Adderley
admitted that the PLP has had
an atrocious record in terms of
public relations over the past
four years.

Former AG: Ingraham didn't understand the

Westminster political system when in power

Chief Reporter
WHILE in power Hubert
Ingraham lacked the "kind of
understanding" about the West-
minster system that would have
made him a good prime minis-
ter, former attorney general
Paul Adderley said.
Mr Adderley, appearing on
the Gems 105.9 radio show Tell
It Like It is, hosted by Sean
McWeeny, said of Mr Ingra-
ham: "He does not tolerate
opposing views and people who
hold overtly opposing views to
him, he regards them against
him, personal and so on.
"That makes it difficult for
me to decide that he would ever
make a good prime minister
unless he had the same kind of
shock that Sir Lynden had over
the dissident eight.
"If he had such a shock
maybe he would change his dis-
position," Mr Adderley said.
. The former AG added that
the same could not said of for-
mer FNM leaders Kendal Isaacs
and Cecil Wallace-Whitfield.
"Wallace-Whitfield knew
how to be a prime minister and

I believe he also knew the
prime minister had so much
power and stopped. Wallace-
Whitfield, I don't think he
would cross the line. He would
stop when he knew he was
going too far, when he was
pushing a minister too far," the
former attorney general said.


While admitting that he was
making a judgment of Mr Ingra-
ham's leadership style without
having served in his Cabinet,
Mr Adderley said that he made
this determination based on the
former prime minister's per-
sonality, and from the pro-
nouncements of Algernon
Allen, Pierre Dupuch and Ten-
nyson Wells.
"Those are three different
personalities altogether but they
were three strong personalities
that expressed their views but
Mr Ingraham never tolerated
that," the Mr Adderley said.
Describing Prime Minister
Perry Christie as a "consum-
mate democrat" Mr Adderley
said that the past five years

under the Christie administra-
tion have been "entirely differ-
ent altogether" from Mr Ingra-
ham's government.
Mr Christie, he said, under-
stands the Westminster pnodel,
understands how a Cabinet
ought to function and how a
prime minister ought to relate
to and with his Cabinet.
Despite complaints to the
contrary, Mr Adderley said that
he does not believe that Mr
Christie takes his policy of con-
sultation too far.
"I don't know of any harm

coming to any country in the
world by a prime minister who
takes time to make his decisions
and certainly the Bahamas has
not suffered from the kind, having
regard to what has happened in
the Bahamas," Mr Adderley said.
The public, Mr Adderley
said, don't understand the kind
of "strong" leadership that is
being provided by the current
prime minister.
HUBERT Ingraham
has been criticised for his
style of leadership

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Caribbean nations called

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discrimation against girls


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Nassau, The
Probate Division

4478 Trout Drive, SE, St. Petersburg, Pinellas, Flor

NOTICE is hereby given that after the expiration
days from the date hereof, application will be rr
Supreme Court of The Bahamas on its Proba
Western District, New Providence, one of the isla
commonwealth of The Bahamas, Attorney-A
Authorized Attorney in The Bahamas, for obt
Resealed Grant of Letters of Administration in
estate granted to JULIA CONNERS the Single
Representative, by the Circuit Court for Pinell;
Probate Division on the 1st day of Jur

SDesiree Robinson
(for) Assistant Registrar

Nassau, The
Probate Division

OSCAR CONKLIN late of 2060 Castleview Drive
of Turlock in the State of California, U.S.A.,

NOTICE is hereby given that after the expiration
days from the date hereof, application will be rr
Supreme Court of The Bahamas, on its Proba
the Eastern District, New Providence, and BERYI
WILLIAMS of No. 8 Benson Road, Dannottag
Eastern District, New Providence, both of the Is
Commonwealth of The Bahamas, Attorneys-A
Authorized Attorneys in The Bahamas, for obi
Resealed Grant of Letters Testamentary in the ab
granted to H. PAUL FOUNTAIN the Executor, b
of Wills in and for the County of Stanislaus in t
California, U.S.A. on the 22nd day of Augi

Desiree Robinson
(for) Assistant Registrar

Nassau, ThE

Probate Division

2004 N. Troup Street, Valdosta, Georgia

NOTICE is hereby given that after the expiration
days from the date hereof, application will be rr
Supreme Court of The Bahamas, on its Proba
LUTHER H. MCDONALD, of West Bay Stree
District, New Providence, one of the Isla
Commonwealth of The Bahamas, Attorney-A
Authorized Attorney in The Bahamas, for obt
Resealed Grant of Letters Testamentary in the at
granted to WADE H. COLEMAN and BOBBI T. M
Executors, by the Probate Division for Lowndes
the State of Georgia, U.S.A., on the 1st day of

Desiree Robinson
(for) Assistant Registrar

No. 2007/PRO/npr/00097

Whereas DOLLY P. YOUNG of Nassau East Nor
District, New Providence, one of the Islan
Commonwealth of The Bahamas, Attorney by Dee
of Attorney for Roger Franklin Cartwright and Pam
Lowe the Executors has made application to th
Court of the Bahamas, for letters of Administrati
Will Annexed of the real and personal estate o
1230 NW 74th Avenue, Plantation, Florid

Notice is hereby given that such applications w
by the said Court at the expiration of 14 days fro

D. Robinson
(for) Registrar


BOX N-167
e Bahamas
15th, 2007

S, late of
ida, U.S.A.,

of fourteen
lade to the
te Side by
each in the
hands of the
t-Law, the
:aining the
the above
e Personal
as County,
ne, 2005.

BOX N-167
e Bahamas
15th, 2007

.a. DREW
, in the City


of fourteen
iade to the
ite Side by
id Place in
;e Estates,
land of the
it-Law, the
training the
)ove estate
y the Clerk
he state of
ust, 2006.

BOX N-167
e Bahamas
15th, 2007

JR, late of
a, U.S.A.,

of fourteen
iade to the
[te Side by
t, Western
nd of the
t-Law, the
training the
hove estate
County in
April 2004.

15th, 2007

th, Eastern
ids of the
id of Power
ela Annette
e Supreme
on with the
GHT late of

la, U.S.A.

ill be heard
)m the date

PO. BOX N-167
Nassau, The Bahamas
March 15th, 2007
Probate Division

IN THE ESTATE OF META S. EVERETT, late of 371 Middle
Winchendon Road, Rindge, County of Cheshire, State of
New Hampshire, U.S.A., deceased.

NOTICE is hereby given that after the expiration of fourteen
days from the date hereof, application will be made to the
Supreme Court of The Bahamas, on its Probate Side by C.V.
HOPE STRACHAN, of Equity House, Mount Royal Avenue
North, New Providence, one of the Islands of the
Commonwealth of The Bahamas, Attorney-At-Law, the
Authorized Attorney in The Bahamas, for obtaining the
Resealed Grant of Certificate of Appointment in the above
estate granted to CHARLES H. EVERETT, JR, the Executor,
by the Cheshire Probate Court in the State of New Hampshire,
U.S.A., on the 3rd day of February 2004

D. Robinson
(for) Assistant Registrar

March 15th, 2007
No. 2007/PRO/npr/00103

Whereas, RUTH BLACK of Soldier Road on the Island of
New Providence, one of the Islands of the Commonwealth
of The Bahamas, has made application to the Supreme Court
of The Bahamas, for Letters of Administration of the Real
and Personal Estate of EZEKIEL BLACK late of Soldier
Road on the Island of New Providence, one of the Islands
of the Commonwealth of The Bahamas deceased.

Notice is hereby given that such applications will be heard
by the said Court at the expiration of 14 days from the date

Nicoya Neilly
(for) Registrar

PO. BOX N-167
Nassau, The Bahamas
March 15th, 2007
Probate Division

PHILLIPS late of 221 Burgundy E. in the City of Delray Beach
in the County of Palm Beach in the State of Florida, U.S.A.

NOTICE is hereby given that after the expiration of fourteen
days from the date hereof, application will be made to the
Supreme Court of The Bahamas, oh its Probate Side by
JILLIAN T. CHASE-JONES, of Jacaranda, in the Western
District of the Island of New providence, one of the Islands
of the Commonwealth of The Bahamas, Attorney-At-Law,
the Authorized Attorney in The Bahamas, for obtaining the
Resealed Grant of Letters of Administration-Successor
Personal Representative (Single Personal Representative) in
the above estate granted to MARTIN R. MALLINGER the
Successor Personal Representative, by the Circuit Court in
and for Palm Beach County in the State of Florida, U.S.A.,
on the 13th day of October 2006 and on the 31st day of
January, 2007

Desiree Robinson
(For) Assistant Registrar

P.O. BOX N-167
Nassau, The Bahamas
March 15th, 2007
Probate Division

City of Toronto in the Province of Ontario in the Dominion of
Canada, deceased.

NOTICE is hereby given that after the expiration of fourteen
days from the date hereof, application will be made to the
Supreme Court of The Bahamas, on its Probate Side by
Mall in the City of Freeport, Grand Bahama one of the Islands
of the Commonwealth of The Bahamas, Attorney-At-Law,
the Authorized Attorney in The Bahamas, for obtaining the
Resealed Grant of Certificate of Appointment of Estate
Trustee with a Will in the above estate granted to JOHN A.
MURRAY the Executor, by the General Division of the Ontario
Court at Toronto, Canada on the 26th day of August, 1999.

Desiree Robinson
(For) Assistant Registrar

P.O. BOX N-167
Nassau, The Bahamas
March 15th, 2007
Probate Division


410 Commerce Street, Aulander Town, Bertie County in the
State of North Carolina 27805 one of the United States of
America, deceased.

NOTICE is hereby given that after the expiration of fourteen
days from the date hereof, application will be made to the
Supreme Court of the Bahamas in the Probate Division by
House, 4 George Street, Nassau, New providence, one of
the Islands of the Commonwealth of the Bahamas, Attorney-
At-Law, the Authorized Attorney in The Bahamas for obtaining
the Resealed Letters Testamentary in the above estate
granted to RUSSELYN SLAUGHTER SMITH, the Personal
Representative, by the General Court of Justice, Superior

Court Division, Bertie County, on the 21st day of August

N. Neilly
(For) Registrar

March 15th, 2007
No. 2007/PRO/npr/00110

Eastern Road in the Eastern District of the Island of New
Providence, one of the Islands of the Commonwealth of The
Bahamas, has made application to the Supreme Court of
*The Bahamas, for Letters of Administration with the Will
Annexed of the Real and Personal Estate of MATILDA LOIS
THOMPSON late of Ryswick Road in the Eastern District of
the Island of New Providence, one of the Islands of the
Commonwealth of The Bahamas, deceased.

Notice is hereby given that such applications will be heard
by the said Court at the expiration of 14 days from the date

N. Neilly
(For) Registrar

March 15th, 2007
No. 2007/PRO/npr/00111

Whereas ELEAZAR FERGUSON of Nassau Village in the
Eastern District of the Island of New Providence, one of the
Islands of the Commonwealth of The Bahamas, has made
application to the Supreme Court of The Bahamas, for Letters
of Administration De Bonis Non of the Real and Personal
Estate of JASPER FERGUSON late of The Forest, Exuma,
one of the Islands of the Commonwealth of The Bahamas,

Notice is hereby given that such applications will be heard
by the said Court at the expiration of 14 days from the date

N. Neilly
(for) Registrar

March 15th, 2007
No. 2007/PRO/npr/00112

Whereas, WARREN LOGAN ROLLE of 8 Oxford Road,
Nassau East in the Eastern District of the Island of New
Providence, one of the Islands of the Commonwealth of The
Bahamas has made application to the Supreme Court of
The Bahamas, for Letters of Administration of the Real and
Personal Estate Qf MICHAEL FAEti S ROLLE late of 7371
N.W. 12th Street, Miami, in tihe 8tehof Florida ioner f ti
States of the United States of America, deceased.

Notice is hereby given that such applications will be heard
by the said Court at the expiration of 14 days from the date

N. Neilly
(for) Registrar

March 15th, 2007
No. 2007/PRO/npr/00119

Whereas, MILDRED BUTLER of 18 Gleniston Gardens in
the Eastern District of the Island of New Providence, one of
the Islands of the Commonwealth of The Bahamas has made
application to the Supreme Court of The Bahamas, for Letters
of Administration of the Real and Personal Estate of RALPH
R. BUTLER JR late of 18 Gleniston Gardens in the Eastern
District of the island of New Providence, one of the Island
of the Commonwealth of The Bahamas deceased.

Notice is hereby given that such applications will be heard
by the said Court at the expiration of 14 days from the date

N. Neilly
((for) Registrar

PO. BOX N-167
Nassau, The Bahamas
March 15th, 2007
Probate Division

late of 4305-2045 Lakeshore Boulevard West in the City of
Toronto in the Province of Ontario in the Dominion of Canada,

NOTICE is hereby given that after the expiration of fourteen
days from the date hereof, application will be made to the
SuDreme Court of The Bahamas in the Probate Division by

Apartments in the Eastern District of the Island of New
Providence, one of the Islands of the Commonwealth of The
Bahamas, Attorney-At-Law, the Authorized Attorney in The
Bahamas for obtaining the Resealed Certificate of
Appointment of Estate Trustee with A Will in the above estate
granted to JULEEN MARGARET MERCHANT, the Personal
Representative, by Ontario Superior Court of Justice, on the
17th day of October 2006.

N. Neilly
(for) Registrar



































March 15th, 2007

No. 2007/PRO/npr/00121

Mareva House 4 George Street, Nassau on
the Island of New Providence, one of the
Islands of the Commonwealth of The
Bahamas has made application to the
Supreme Court of The Bahamas, for Letters
of Administration with the Will Annexed of
the Real and Personal Estate of MARY JEAN
CAREY late of Woodlawn in the Eastern
District of the Island of New Providence, one
of the Islands of the Commonwealth of The
Bahamas deceased.

Notice is hereby given that such applications
will be heard by the said Court at the
expiration of 14 days from the date hereof.

N Neilly
(for) Registrar

March 15th, 2007

No. 2007/PRO/npr/00122

of 5805 Bumpy Oak Road, La Plata in the
State of Maryland, one of the States of the
United States of America has made
application to the Supreme Court of The
Bahamas, for Letters of Administration of
the Real and Personal Estate of JAMES
ADDERLEY late of No. 14 Teak Lane, Sunset
Park Subdivision in the Western District of
the Island of New Providence of the
Commonwealth of The Bahamas deceased.

Notice is hereby given that such applications
will be heard by the said Court at the
expiration of 14 days from the date hereof.

N. Neilly
(for) Registrar

March 15th, 2007

No. 2007/PRO/npr/00123

Whereas LOUREY C. SMITH of No. 4
George Street in the City of Nassau in the
Island of New Providence, one of the Islands
of the Commonwealth of The Bahamas has
made application to the Supreme Court of
The Bahamas, for Letters of Administration
of the Real and Personal Estate of HALINA
MARIA KUBINSKI late of No. 14 Teak Lane,
Sunset Park Subdivision in the Western
District of the Island of New Providence of
the Commonwealth of The Bahamas

Notice is hereby given that such applications
will be heard by the said Court at the
expiration of 14 days from the date hereof.

N. Neilly
(for) Registrar

BISHOP Elgarnet Kanming speaks
at the 86th Annual National Con'ention
of the Church of God of Prophecy


Celebrating Commonwealth Day


7 1

THE Carnival Festival from Trinidad & Tobago was recreated yesterday at St. Bede's Primary
School as they celebrated,~ gmmonwealth Day. Other countries featured at the event were the
Bahamas, Guyana, Doininia. Australia and Jamnaica.


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SANPIN MOTORSLIMITED t.24.326.6377*f.22.326.6315 ISURNE VILBLE W^^IT


part in the 2006 parades.
"We look to a continued part-
nership for the upcoming
junkanoo season," the state-
The corporation also
announced that the Junkanoo
Ball has been scheduled for Sat-
urday, March 31 at the Radisson
Cable Beach at 7.30pm.
Tickets will go on sale on
Monday, March 19 at Morro
Castle on Dean's Lane at $40




"8if E

Tribune Staff Reporter
AT THE 86th Annual
Nalnonal Con\cnion ol ihe
Church of God ol Prophecy,
Bishop Elgarnet Rahming
addressed parliamentarians on
running a clean and upright
campaign, free of racial bias,
discrimination, and "vicious
character assassination".
Bishop Rahming also called
for those persons in authority
to ensure that the "people's
public radio station", ZNS,
should give equal opportunity
and time to candidates of "dif-
fering political persuasions" to
enlighten the Bahamian pub-
"I believe that the daily
radio shows on our public sta-
tion ZNS could best facilitate
this. We have come a long way
as a maturing democracy. But
there is much more ground to
cover if we are to bring out
and to be the best little nation
in this part of the western
"I therefore call upon politi-
cians to stick to the national
issues at hand, to articulate
past political successes and to
provide the Bahamian people
with a workable plan for the
way ahead for the betterment
of our Bahamaland. In that
vein, I say, strive to be more
open, more accommodating
and more tolerant of others in
their political philosophy and
"Let us strive also to hold
fair and free elections devoid
of fear, intimidation and
inducements. Without a
doubt, from what is being
heard and seen, it appears that
the upcoming elections will be
fiercely contested and the
final outcome may be close,"
he said.
With this said, Bishop Rah-
ming called upon the Christian
community to pray without
cease for elections that will be
"free of violence and wrong
"As Bahamians, we are one
people. We are at home and
this is the only home that we
have. We live here, and we
must live here together as a
people even after the elec-
tions. So let us say the right
things, do they right things,
and trust God for the out-
come. For, in the final analy-
sis, it is God who will deter-
mine who the next govern-
ment of the Bahamas will be,"
he said.




upholds Saxons

New Year's win
THE Junkanoo Corporation
New Providence has announced
that the independent review
committee headed by Paul
Adderley, which was estab-
lished for the purpose of review-
ing protests logged after last
year's parades, has reached a
According to a statement
issued by the corporation yes-
terday, the committee upheld
the judges' evaluation and con-
firmed the Saxons as the divi-
sion A winners of the 2007 New
Year's Day Parade.
"A release of the IRC's
report will be published for the
public' s records upon receipt,"
the statement said. "We wish to
congratulate the Saxons and all
the other division A, division B
and all other divisions for a very
keenly contested parade and
look forward to the upcoming
junkanoo season."
The corporation said it also
wanted to take the opportunity
to thank all of the groups that
participated in the "Rush to
Register" drive on Saturday,
"and from all indications, the
event was a resounding success,
which demonstrated the com-
mitment of the junkanoo com-
munity to encourage positive
and productive citizenry in our
The corporation also thanked
last year's judges, the parade
management team, the Royal
Bahamas Police Force. the task
force, the cultural affairs divi-
sion of the Office of the Prime
Minister, the vendors, the Nas-
sau Tourism and Development
Board, C3 Seating, Gomez Part-
ners, the print and broadcast
media and all others that took


! '~-:JJ t


Taking a

look at the



"THE white-cheeked pintail
or Bahama pintail (Anas
6'iahamensis) is a dabbling
'duck of South America and
the Galapagos Islands.
'There are three races:
laliamensis in the Caribbean.
galapagensis on the Galapa-
gis, and the slightly larger
rubirostris' in South Ameri-
ca. The latter race may be
partially migratory breeding
in Argentina and wintering
further north.
.- Like many southern ducks.
the sexes are similar. It is
mainly brown with white
cheeks and a red-based grey
.bill (young birds lack the
pink). It cannot be confused
with any other duck in its
'This species occurs on
waters with a degree of salin-
ity. such as brackish lakes,
estuaries and mangrove
"'The white-cheeked pintail
feeds on aquatic plants and
small creatures obtained by
The nest is on the ground
under vegetation and near

Bahamas taking

part in study on

dangers facing

species of duck

THE Bahamas is participat-
ing in a regional research pro-
ject aimed at measuring the
dangers facing a rare species
of duck.
White-cheeked pintails are a
conservation priority which are
considered rare to uncommon
on most islands in the Bahamas.
However, flocks of up to 100
individuals can still be found
across most of its range.
The need for a regional con-
servation strategy based on a
sound biological framework has
brought scientists studying the
species in the Caribbean togeth-
er in a collaborative research
Patterns of movement, sur-

vival and reproduction in east-
ern Puerto Rico pintail popu-
lations suggest that they are
part of a metapopulation (a
group of spatially separated
populations of the same species
which interact at some level).
In the past, the species dis-
persed range across a number
of islands has precluded large-
scale research efforts to clarify
which populations interact, to
what extent and, and how inter-
actions influence regional and
local population dynamics.
Advances ift genetic techniques
now provide an opportunity to
address these needs, in a cost
effective fashion.
Biologists from the Bahamas,

Prices includes: Licensing, Inspection, Plates, Mats, Full tank of gas, full service
Pre-Delivery Inspection, Full Detail In & Out, and Warranty.--

I~-Located: Thompson Blvd



The Bahamas Telecommunications Company
Limited (BTC) wishes to inform our valued
customers and the general public that BTC will be
performing maintenance in Sea Breeze Estates on
March 13th from 9:30am to 4pm. During this time
customers in the following areas may experience
an interruption in land line services: Bay Lily Drive,
Flamingo Drive, Savannah Drive, Sea Breeze
Boulevard, Sen Bp Rre Grove and Sea Horse Close.

BTC apologizes
during this time.

for any inconvenience caused

the Dominican Republic, Puer-
to Rico and the US Virgin
Islands have indicated that they
will assist in collecting data (ie
blood samples ) from 15 to 20
island populations
Dr Lisa Sorenson, who con-
ducted research on the
white-cheeked pintail in the
Bahamas from 1,985 to 1988 is
acting as the principal investi-
gator on the project.
Dr Sorenson was recently
able to trap and band 98 ducks
(79 white-cheeked pintails and
19 blue-winged teal) at the
Maillis Farm at Adelaide.,
Blood samples were taken
from 31 white-cheeked pintail
and 6 blue-winged teal which
will be analysed in Susan Haig's
Conservation Genetics Lab at
the USGS Forest and Range-
land Ecosystem Science Cen-
tre, in Corvallis, Oregon.
Assisting Dr Sorenson with
the trapping, banding and sam-
ple taking were Pericles Maillis,
Alex Maillis, Paul Maillis,
David Maillis, Joseph Lynch,
Alex Henderson, Michelle Kad-
ing of Oak Hammock Marsh
and Lynn Gape of the Bahamas
National Trust.
GGYA students from St
Anne's School were camping at
Adelaide and were also able to
participate in the project.
Dr Sorenson introduced them
to white-cheeked pintails and
blue winged teal, demonstrat-
ed the banding procedure and
explained h ,( the project
would assist in local ,nd region-
al planning and research effort.
"The finding ot this work
will help to delini- the piniail's
popattion snlcture and aid in
the- tific.iloni of populations
at rTi and in need of pioiec-
tion," said L\nn Gape. deputy\
executive director ol the
Bahamas Nation.al Trust "The
Bahamas National Trust is
pleased to be able to assist Dr
Sorenson -\ithl her isiearih
which will assi.,t illh Bahanmas
in developing a con,'-r\ action
strategy foi Iii'. species on a1
sound biological b,i.is '

The Tribune \ainis to hear
from people \\ ho are
making ne\ s in theii
neighbor hoods Perhaps
you are raising funds for a
good cause campaigning
for improN events in the
area or ha\c %on1 .an
If so, call us on n 2-lwn
and share your story.

* WHITE-CHEEKED pintails in their habitat

"r ,

* TAGGING one of the birds

* PINTAILS on the move

* STUDENTS from St Anne's participate in the project

S antakier

has an immediate vacancy for a

Private Banking Marketing Officer

Applicants must hold the following:

Master's Degree in Administration, Finance, Economics or related degree
A minimum of 5 years experience in private banking

Applicants should also be capable of the following:

1 Totally fluent in English and Spanish
2 Develop and manage a portfolio of private banking clients by analyzing the banking an
investment needs of corporate and hignet worth individuals and offering financial and
investment alternatives.
3 Maintain existing client relationships by, monitoring the financial condition of assigned
accounts, executing client instructions, and keeping clients updated as to the change
conditions of financial markets
4 Frequent travel to assigned countlnes to enhance cull-iel r ient leiationuii', j ari.o devel
new business by meeting with representatives and clients.
5 Supervise or assist in the supervision of a private banking team that ryinclude a Private
Banking Officer, an Account Administrator and/or an Administrative Assistant.
6 Ensure that all private banking activities are in compliance with internal policies

anrd procedures and extelrnii iegulaiory ile

Applications in waiting with details of education an
Resources Manager, P.O. Box1H82, Nassau, Baha
!!~ ~ ~ ~~~7 7........... .. ...........

il : i I C l ls.

d experience should be addressed to the Human
imas not later than March 20, 2007.



11 i
i 'r'`~17P7%m~*ry~:I~lrWr1~9~7;P~~~r-3e~ 'i''" '~f.~~l~*'T3,~/'~'PP~:~)~FL~I~sea~iaar r~ll~ZIF~TSI~~I ;;~I~-- ?



Registration Dentists angry

ment has as its goal.
Within the last eight days, up until March llth, an additional 6,822
people have registered to vote. Thus far. Blue Hills is the largest con-
stituency with 5.141 registered voters, with MICAL as the smallest, with
1,157 registered voters.
Significantly, registration in still down in "grass-roots" constituencies
such as St (c cilia. Bain and Grant's Town. Englerston, Farm Road and
Foit (.haihll.t I I hes constituencies currently have between 500 to
1,000( Icr c iegistercd voters than in the 2002 general election. All off
these constituencies were won by the PLP by more than 1,000 votes -
with the exception of Fort Charlotte. which was won by 657 votes in
the last election.
Mr Blthel suggested that a possible reason for the lower numbers in
thcsc constituencics is that these residents may have moved to some of
the constitunccics in the southern New Providence, which have seen sig-
nificant voter increases.
The P'riime Ministei is set to table the report of the Boundaries Com-
mission on Wednesday in the House of Assembly. Sources have indi-
cated that the Mt Moriah and St Margaret's constituencies will be
removed, and that significant realignment will occur in southern New
Providence to account for the major population shift to this area.
Figures for 2007 are based on statistics provided by the Parlia-
mentary Registration Department up to March 11, 2007. Figures for 2002
are based on statistics from the Parliamentary Registration Department
for the general elections held on Mav 2. 2002.

The following are the three regions and the registered voters for
New Piovidenc .............. .............................90,094/97,768
Giand Bahana & Bin ini ............................................21,144/23,575
Family\ Isladl-21.371 / 23.415
T otal .............................................................................. 132,6 11 / 144 ,758

Following is the icgist action for the 40 constituencies for
A delaide ................ ... ......................... .................. 4,881 / 4,001
Bain and Grants 1'own........ ..........................................3,155 / 4,204
Bamboo Town ........................ ............3,591-3,384 /4,123
B lue H ills . ..... .. ........................ ........ ............. 5,141 / 4,265
Carm ichael . .. ............ ............. .....................628 /4,020
D elaporte .................................................. ............... ... 4,533 / 4,137
Elizabeth ... ................. ...................... 961 / 4.139
Engleiston ....... ......................................3,276 / 4,331
Farm Road ... ..... ..................... ........................3,178 / 4,125
Fort Charlotte ... .................. ..................... 3,590 /4,117
Fox H ill ............... ... ............................. ............... 3,824 / 3,823
G arden H ills ...... .................................. .............. 3,293 / 3,738
G olden G ates,.................. ........... ............................3,652 /4,150
H oly C ross .......... ... .......................... ........... ........4,192 / 3,927
Kennedy..................... .............. ............ 3,310 / 3,949
M marathon ......................................... 3,296 / 3,932
M ontagu...............................................3,928 / 4,075
M ount M oriah ....................................................................3,709 / 3,936
Pinewood ........................................ 3,801 / 4,286
St. C ecilia ............................................................ .............. 3,215 /4.274
St. M argarets................................................................... 3,197 / 4,147
St. Thom as M ore........................... .. ..........................3,106 /4,205
South Beach .............................................. 4,641 / 3,987
Y am acraw...................................................... 3,996 / 3,877
Eight M ile Rock .................................................. 3,719 / 4,040
High Rock ......................................... 3,557 / 3,585
Lucaya.........................................................3,311 /3,754
M arco Cit ......................................................... 3,685 /4,217
Pineridge ..................................................... .......................... 3,358 / 4,070
W est End & Bimini........................................ ....... ......3,514 / 3,909
N orth A baco .................................................................. 3,153 / 3,312
South Abaco ............................ ....... .... ............... 2,274 / 2,624
North Andros & Berry Islands..........................................2,224 /2,388
South A ndros......................................... .........................2,089 / 2,335
North Eleuthera ................................................................. 2,851 / 3,367
South Eleuthera........................... ...................... 2,381 /2,739
Cat Island Rum Cay & San Sal..........................................1,354 / 1,443
Exuma ................................................... ..... 2,357 / 1,966
Long Island & Ragged Is.............................................. 1,533 / 1,946
M ICA L ......................................... ......................... 1,157 / 1,295.

FROM page one
NHI only to be informed that dentistry would not be
incorporated in the plan.
"It was left for the members of the local dental community
to conclude that the government, in announcing this major
health initiative, perhaps decided that dentistry was not
important enough to be included as one of NHI's many
The association said it believes the elimination of dentistry
from the plan "speaks to the difficulty recognized by the actu-
aries in meeting the costs of the proposed services, given the
levels of contribution, which would only be compounded by
including the costs of dental services in the equation.
"There is just no other way to explain why the government
would seek to exclude essential dental services from the
list of benefits, when they were initially included in the
BRC's preliminary report of health services to be offered
under NHI."
The association pointed out that already, too many
Bahamians neglect their dental health, and suffer from
unacceptably high levels of dental decay and periodontal dis-
"Dentists in the Bahamas have more disease to treat
than cardiologists and cardiovascular surgeons.
"Fortunately, in most cases, having rotten teeth proves far
less lethal than having a rotten heart," the association said -
pointing out however the case of 12-year-old Deamonte
Driver of Maryland, whose life was cut short last week by a
rotten maxillary tooth that had abscessed and remained
untreated for so long, that bacteria travelled through the
blood vessels connecting the upper teeth with the brain,
creating a fatal infection.
"Deamonte's public health (Medicare) coverage had
lapsed, and he was ineligible to access the public dental
services until his mother could reapply and become re-reg-
istered under the state's health welfare plan.
"He was forced to wait before he could receive the den-
tal treatment he desperately needed. His illness became
grave before he became' re-eligible for coverage, and by
the time treatment was administered, his health was severe-
ly compromised."
According to The Washington Post. "Deamonte's death
underscores) an often-overlooked concern in the debate
over universal health coverage: dental care".
The association added that some lower tooth infections
cause life-threatening airway obstructions that progresses so
rapidly, death can occur in a matter of hours.

FROM page one Fo

"The FNM were sitting by waiting for this
and they pounced on this straight-away and Caribbea
then they keep it going. The FNMs have kept tain extei
it going. As far as the deputy leader of the the former
FNM is concerned my answer which I said He acci
you should follow is very simple. It has noth- as an issu
ing to do with his colour. "They
"Make that plain to everybody. It has noth- population
ing to do with the colour of the deputy leader are PLPs
of the Free National Movement. The deputy We talk
leader of the Free National Movement got the majoi
fired by the Prime Minister of The Bahamas think hav
for taking a government contract for a com- because tl
pany with which he was associated," the for- the Bahai
mer attorney general said. before bei
Mr Adderley said personally and philo- functions
sophically, he had no problem with a white the former
prime minister. The d
"The Jamaicans had a white prime minister Adderley
for how long Seaga about 40 years or some- Bahamas
thing like that he has been prime minister criminati(
or leader of the opposition in Jamaica now for criminati(
20, 30 years. And there is no country in the "That i

FROM page one

although he might run as an indepen-
dent, Mr Knowles may be privately
supported by PLP funds as the party
does not think it has a chance to win a
seat in Long Island under its banner.
The PLP has not as yet officially
released its slate of candidates. How-
ever, it is expected that it will again
choose not to run a candidate because
of the party's poor historical relation-
ship with the island.
In 2002, the PLP did not run a can-
didate in Long Island and Larry
Cartwright, who had lost the FNM
nomination to FNM incumbent.James
Knowles, subsequently ran as an inde-
pendent, and defeated Mr Knowles by
93 votes.

AG peo]
,rmer AG -theel
as o1
n I think that is more racist to a cer- Mr,
It or more proud of their heritage," R
er attorney general said. Bah
used the FNM of being afraid of race beca
e. proc
are just frightened that the black "
n would be attracted to it...and there the
who are of that view also mind you. hav(
of the leader's views and the...not coui
rity of PLPs; the majority of PLPs I er at
'e put the racial issue behind them year
hey have been given opportunities in ety.
mas today which were denied them slav
cause they know they are performing doni
today which were closed to them," "I
er attorney general said. cam
difficulty with The Bahamas, Mr the)
said, is that the white society in the way
perpetuated their power and dis- soci,
on and then they extended it to dis- "I
on among themselves, vote
s a part of their legacy which black eral

Ingraham was re-elected as the party's
Mr Cartwright stated that he ddes
not have any fear of the potential com-
petition. Rather, he said that they; as
Bahamians, too have the right to offer
themselves as candidates, and that the
island would benefit from the compe-
Though, Mr Miller confirmed his
candidacy to Mr Cartwright, the Long
Island MP said he has no specific infor-
mation on Mr Knowles' potential can-
Up to press time, The Tribune,was
unable to contact either Mr Knowles or
Mr Miller to confirm whether they
plan to run as independent candidates
for the Long Island constituency. '

pie don't understand: the extent to Which
Bay Street boys looked after their interests
opposed to other white people's interests,"
Adderley said.
ace has and continues to play indthe
amian political-system, Mr Adderley 'id,
cause "you can't escape this. Racism is- a
duct of slavery".
You are supposed.to have forgotten but
white society, no the powerful minority
e never forgiven the PLP for stealing their
entry from them and that won't last forev-
nd that will disappear. But for almost 100
*s you followed the lead of the white soci-
In Jamaica, Barbados, all Caribbean were
e states at one time and they have aban-
ed race as an issue in any campaign.
I don't think you would hear that in any
paign in either of these countries today;
y are not unlike the Bahamas in many
s today. But in the Bahamas the white
ety is still voting colour.
don't think Jamaicans vote colour, they
their interests," the former attorney gen-

To ensure available seating


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Young Haitian-Bahamians

FROM page one
he was pronounced dead. A-man is in custody in connection with the incident
after being caught by an off-duty police officer and a civilian.
Pierre was well known in the Haitian community as a person who fought
against Haitian discrimination in the Bahamas.
He was the founder of Haitian-Bahamians Against Racism (HIB.A.R.),
which was a human rights group that agitated for the Haitian community.
The Tribune spoke to one of the organizers of Pierre's funeral who
promised to carry on the work of the slain activist.
According to law student Lucien Emmanuel, Pierre was often ridiculed and
persecuted for his political beliefs.
"Many times people would shun him and some persons would even phys-
ically harm him just because he would stand up for Haitians," Mr Emmanuel
Mr Emmanuel said he was disappointed that more people did not attend
Pierre's funeral, but he said Pierre's death would be the catalyst for Haitian
and Bahamian youths to "unite" around issues that concerned them.
"We were born in this country and we believe that it's outrageous that Hait-
ian-Bahamians are still denied citizenship and access to proper education. We
want our democratic rights just like everyone else," Mr Emmanuel said,.

Long Island constituency

FROM page one Mr Cartwright subsequently
rpioinepl r the F7M ihnrtir; rfftwr'Mr




PAGE 10, TUESDAY, MARCH 13, 2007



MARCH 13, 2007

7:30 8:00 8:30 9:00 9:30 10:00 10:30

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0 In brief

Plan for water

THE Water and Sewage Cor-
poration unveiled a plan yes-
terday to develop a new inte-
grated water resources man-
agement strategy.
The initiative is expected to
improve the water supply across
the country.
According to a study by the
water management consultants
working for the corporation in
2003, this new strategy is expect-
ed to assist with the preserva-
tion of ground water in a num-
ber of ways.
The study suggested that inte-
grated water resources can be
managed by treating ground
water as a strategic national
resource thus helping to reduce
over-extraction and pollution,
address the ground water
threats that could affect each
island and establish a new envi-
ronmental body to regulate cer-
tain activities that can give rise
to water pollution.
Simeon Pinder. director of
agriculture, said that this new
strategy will contribute to the
development of agriculture in
the Bahamas. He added that his
department is also looking for
other ways to help reduce any
possible threats to ground
Environmental consultant at
Water and Sewage Judy Daniel
said that the new plan is a major
accomplishment for the
According to Ms Daniel,
health, agriculture, and tourism
officials will all take part in the
new strategy.
She noted that there are a
number of factors which must
be taken into account, including
disaster preparedness, health
concerns, efficient use of water
and public awareness.
Ms Daniel said that the new
plan should help with flood
water management, restore
ecosystems and prevent overuse
and waste of water
She said the idea is to collab-
oranvely manage a world-class
and affordable water supply and
sewerage system in order to
enhance and protect health and
the environment.

UN rights
body seeks
despite scorn
UN Secretary-General Ban
Ki-moon pleaded Monday for
all nations to co-operate with
the Human Rights Council,
which began its first session of
2007 after being created a year
ago to replace a commission
whose critics complained was
highly politicised, according to
Associated Press.
The 47-nation council itself
already has come under criti-
cism for its first-year failures
over Israel and Sudan and finds
itself in a power struggle. Mem-
ber countries including China,
Russia and Cuba object to being
examined, while outnumbered
Western nations are trying to
hold everyone accountable to
the highest standards.
"The world is watching to see
whether this young council will
live up to its promise," Ban told
the opening of this year's first
three-week session. The council
was created a year ago by the
General Assembly to replace
the widely discredited Human
Rights Commission.
Ban said all victims of human
rights abuses must be able to
turn to the council for help.
"I hope you will ensure that
all states open their doors to
all" human, rights experts
appointed by the council, Ban
said. "1 hope you will strive to
ensure that governments coop-
erate with the council's deci-
The deadline to complete the
rules governing the council is

The body has already been
widely criticised for its first-year
failures over Israel and Sudan,
both of which refused to admit
investigatory teams. The United
States, one of only four countries
to vote against the 170-nation
majority that created the council
last year, has refused for a second
year to seek membership on the
body, objecting to the council's
heavy focus on Israel.
Muslim countries took a lead-
ing role in the eight resolutions
last year that criticised Israel
for its military actions in the
Palestinian territories and

NEARLY half of the 80
employees of Bahamas Waste
recently attended a one-day
"learning shop" dubbed: The
Service Challenge It's All
About Client Care and Team
Work. The seminars took place
on the premises at Gladstone
Established in 1987.
Bahamas Waste Limited is the
first private commercial waste
removal company in The
Bahamas, and today they have
the largest fleet in New Provi-
In an effort to focus on cus-
tomer service, the board of
directors of Bahamas Waste
Limited gave management a
challenge: "Give our team
members the tools to better
service our clients, both exist-
ing and prospective."
Set up as a training seminar
and interactive information
exchange forum, the learning
shop was conducted by veteran
Bahamian hotelier and hospi-
tality consultant. Brendan
Foulkes of Hospitality Man-
agement Services, a Nassau-
based tourism/hospitality
industry consultancy group.
With more than 30 years in
the business, Hospitality Man-
agement Services Ltd has craft-
ed a learning format for small
and medium service-related
businesses that is both educa-
tional and motivational.
In an informal and interac-
tive exchange with his partici-
pants, Mr Foulkes encouraged
employees of Bahamas Waste
to think outside the box when
confronting some of the prob-
lems of service when catering
to the great demands of waste
removal in the Bahamas today.
Topics covered in the learn-
ing shop included hot button
topics plaguing the service
industry at large in the
Bahamas today: employee
attitude, service vocabulary,
telephone etiquette, profes-
sionalism and teamwork
Also, not afraid to address

the issue of "thiefin" on the
job, Mr Foulkes outlined how
this unacceptable behaviour in
the workplace will have a
direct effect on the bottom line
and the ability of the employer
to make good all committed
benefits for all full-time
Humour goes a long way in
breaking the ice and getting
the messages across and Mr
Foulkes' down-home brand of
informational humour sets the
stage for an easy exchange with
all participants in the work-
"I didn't know what to
expect when my supervisor
said 1 had to attend this semi-
nar, I thought to myself.....Oh,
boy, this goin' be one of them
boring lecturing series again!
But, 1 was pleasantly sur-
prised...Mr Foulkes truly
knows the Bahamian people
and he spoke about rendering
good service in a way I have
never had it explained before",
said Dior Whyms, from the
accounts department.


Further, Mr Foulkes encour-
aged the 40 employees of the
maintenance and administra-
tive staff to re-commit them-
selves to offering progressive
and courteous service to every
customer in the Bahamas
Waste network.
"It is clear that Mr Foulkes
has found the formula for mak-
ing these kinds of events
enthusiastic. said operational
manager, Mrs Ethelyn Davis.
"These seminars can be a
boring rehash of the same stale
information. Not so with
Foulkes! He got everybody
involved in the process, and his
information had content."
These first two groups were
so enthusiastic and pleased
with the knowledge gained
from the learning-shop, that a
request was made to have the

* STAFF members of
Bahamas Waste, from left:
Victoria Simmons, Michael
Hamilton and Amado
Moncur are seen taking some
quiet time completing their
evaluation form for the
one-day "learning-shop"
conducted by Brendan
Foulkes of Hospitality
Management Services

Hospitality Management Ser-
vices return to train the
remaining members ot the
staff, the truck drivers.
"I was very impressed with
the level of camaraderie,
knowledge and enthusiasm
found among the staff at
Bahamas Waste Limited." said
Mr Foulkes.
:" hev were keen to learn
and they responded intelli-
gently to all of the topics. [t
was a jo\ working with them.'


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Located #13 St.Charles Vincent Street. Englerston


Fax: 323-6144



Under The Theme: "An Open Door"

(Revelation 3:7-8)

A4/%6s S~Se..Cice~

Monday, March 12th & Tuesday 13th March, 2007 at 7:30 pm

Wednesday. March 14th. 2007 "'40 Years of Flash Back Reflections of the Past"

Sunday, March 18th, 2007 Anniversary Celebration Service at 3:30 pm

Rev. Dr. William Thompson
Baptist National Baptist
Missionary & Educauon
Sunday, March 181h, 2'1-7-3 30pm

Pastor D)elton Fernander
NoL \\ L). krinJd:.\ MNI.itl 121 i ,11 7

Dr. Stephen 'Thompson
Traniucitn lon U.ipinI church h
TuczdaN. March 130h. 2(9)7

Bahamas Waste

staff in training

22 Palmdale Avenue, Palmdale
Nassau. N P., The Bahamas

VI~ 'Ijja al[~ I


of Blair Estates, Nassau,
The Bahamas will be
held at Shirley Heights
Gospel Chapel, Mount
Royal Avenue, Nassau on
Thursday, 15th March,
2007 at 3:00 p.m.

Pastor Tommy Albury,
Dr. Sam Mikhael and ''
Brother Alec Pinder will -
officiate and interment
will follow in Woodlawn
Gardens Cemetery, Soldier Road, Nassau.

Mrs.Key was pre-deceased by her parents, Capt. K. Leon
Rogers and Mrs. Sybil L. Rogers and is survived by her
husband, Albert B. Key, Jr.; two sons, Kevin Key and
Christopher Key; one daughter-in-law, Frances Key; one
granddaughter, Tiffany Brianna Mary Key; two brothers,
Merrill Rogers and Albert Rogers; her step-mother, Ethel
Rogers; her father-in-law, Berlin Key, Sr: sisters- in-law,
Karen Rogers, Rosemary Rogers, Dagney Drudge,
Marguerite King, Cheryl Key, Kathy Key, Kimberley
Johnson and Sandra Granimatico: brothers-in-law. Harlin
Johnson and Patrick Grammatico; newpews, Jeffrey, Daren,
Nicholas and Jason Rogers, Stephan Johnson and Marcus
Grammatico; a great nephew, Drew Rogers: neices, Celia
Rogers, Chantelle and Monique Wszolek and Jennifer
Knowles:aunts. Movina Malone, Elaine Malone and Merle
Rogers; cousins, Margaret Rose Kanitsch, Joan Carey,
Raymond Rogers, Andrew Rogers, Carolyn, Linda and
Danny Malone, Lisa Roberts, Dorothy Albury and Laura
Lowe, special long time friends, Jack and Evelyn Sweeting,
Gary and Sheena Lowe, Craig Pinder, Donald and Barbara
Maura, John and Barbara Symonette; brothers and sisters
in Christ at Shirley Heights Gospel Chapel, at Calvary
Bible Church and throughout the Universe. All those
Churches and members and friends who prayed for her
during her illness; all doctors and nurses who cared for her.
especially Qr. Ada Thompson, Dr. Duvaughn Curling and
Dr. Theodore Turquest; and other relatives and friends in
Nassau and thorughout The Bahamas and in the United

In lieu of flowers, donations may be sent to the Cancer
Society of The Bahamas. P.O.Box S.S.6539, Nassau or
Proud Paws, P.O.Box S.S. 6159, Nassau in Memory of

Arrangements by Kemp's Funeral Home Limited, 22
Palmdale Avenue, Nassau, The Bahamas.

"Come Expecting A Worship Experience"

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

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

- II---- ~~ ----- --

TUESDAY, MARCH 13, 2007, PAGE 11

", .- ., -

Iel.: Il0 a -f r,

---- .-



PAGE 12, TUESDAY, MARCH 13, 2007


% % ^^.^^
sc, lel e

The Bahamas Telecommunications Company Limited

The following employees of BTC are congratulated for successfully achieving
Masters' and Bachelor's Degrees from Nova Southeastern University

I-' Sc. Human Resources
F- Management

S ffessional
(I Management

' I I



The Bahamas Telecomm-unicat ons
Company Limited, (BTC) is pleased to
inform (our valued customers and the
general public that wireless services
such as new applications. ESN changes,
and adding features can no\\ be done
at the following locations; BTC MNall at
Marathon, BTC Fox Hill Multi Service

Centre and BTC JFK.
BTC eincOiraigce the public to use any
of dn c- onMvenIt Ic locaIons for their
icles- nccds. BTL i working hard
to keep our icu.tomer. connected to the


BTC 225-5282

* www.btcbahamas.com

MARCH 13, 2007



' ._. ..
:r *^
l ii
: 2; i!


I ,,




C ,.~CW~~

Miami Herald Business, Stocks, Analysis, Wall Street

BISX to complete public

debt work 'by March-end'

Tribune Business Editor
The central securi-
ties depository
(CFD) the
Bahamas Interna-
tional Securities
Exchange (BISX) has been test-
ing for the public sector debt
securities market can handle
400,000 transactions per hour,
its chief executive told The Tri-
bune yesterday, as the exchange
moves to provide the Govern-
ment and Central Bank with all
the information they need to
create such a formalised mar-
ket "before the end of the
Keith Davies said the central
securities depository would pro-
vide straight-through process-

Central securities depository can handle 400,000 transactions per hour and 70,000 accounts,

helping Bahamas 'to reap benefits of transparent, centralised government securities market'

ing for public debt securities
such as government-registered
stock (BGRS) and Treasury
Bills, handling the process from
the initial public offering (IPO)
through to buying, selling, clear-
ing and settlement of trades.
Apart from the value of
transactions the depository and
its software can handle, Mr
Davies said that the data used
to test it had involved some
70,000 accounts far more than
the Bahamian public debt mar-
ket is likely to require.
Mr Davies added that BISX


was working to complete all the
information it needed to pro-
vide to the Central Bank on the
public sector debt market's
workings before the end of
March, so that the regulator
could then report to James
Smith, minister of state for
finance, on its implementation.
"BISX is working to com-
plete everything, to satisfy the
Central Bank requirements for
information, and to facilitate
the delivery of all information
to the minister before the end of
the month," Mr Davies said.

"That is our goal.
"We are at the point where
we are providing the Central
Bank with all the information
it needs to be comfortable in
providing the advisory note to
the minister.
"We are taking the extra step
of addressing every detail, even
if it involves third party
providers, because we want the
Central Bank to be as comfort-
able as possible."
The timing of the submissions
to the minister, and any deci-
sion to implement the creation

of the electronic debt market
platform on BISX, were not his
to make, he added.
. "BISX does not want to be a
bottleneck or impediment to
driving this process," Mr Davies
said, adding that the electronic
platform and central depository
would create a paperless market
that would allow the Bahami-
an capital markets to "reap the
benefits of a transparent, cen-
tralised government securities

SEE page 5B

Don't encourage 'Buy Bahamian' at hotel 'expense'

Tribune Business Editor
BAHAMIAN information technology
providers "have a tremendous opportunity"
to supply their services to this nation's hotel
sector, a leading executive said yesterday, as
do farmers, but 'buying Bahamian' should
not be encouarged at the industry's expense
because of the existing high-cost environ-
ment that threatens to make it uncompeti-
Frank Comito, the Bahamas Hotel Asso-
ciation's, executive vice-president, noted
that in comparison to the rest of the
Caribbean, Bahamian hotels who respond-
ed to a Caribbean Hotels Association
(CHA) survey including Kerzner Inter-
national and Baha Mar purchased far
more of their services from the local econ-
omy than their regional counterparts.
The Bahamian respondents, who repre-
sented 10 hotels, said they bought 100 per
cent of their accounting, auditing, consult-
ing, legal, medical, customs brokerage, secu-

rity, engineering and transportation ser-
vices from the Bahamian economy.
This was comfortably ahead of the
Caribbean average for all services apart
from medical, customs brokerage and secu-
rity. However, Bahamian hotels purchased
less maintenance services 75 per cent as
opposed to 89 per cent than the
Caribbean, while on information technolo-
gy, only 40 per cent of the services bought
by Bahamian hotels were from the local
Mr Comito said: "On the services side, in
IT there's a tremendous opportunity for
personnel and skill services in that area,
when you see the great disparity level
between all the other services."
Bahamian hotels purchased only 33 per
cent of their marketing and public relations
services from the Bahamian economy, com-
pared to the 51 per cent average for the
rest of the Caribbean.
This, though, is likely to have its roots
in the fact that the Bahamian tourism and
hotel industry has gone largely for the five-

star, upmarket positioning and brands,
requiring its resorts to hire PR and mar-
keting firms in the US, Canada and Europe
to represent them there and attract visi-
Mr Comito said: "It's a global market on
the marketing side, and we have to compete
The tendency of Bahamian hotels to buy
services from this economy, he added, was
"a reflection of the greater sophistication of
the services sector in the Bahamas com-
pared to regionally".
"These are higher-paying, higher-yielding
businesses, and we can't discount the ripple
effect the hotel sector has on all these ser-
vices areas," Mr Comito added.
The CHA survey left questions about
how much goods were produced in the local
economy, as opposed to being sourced from
the local economy via distributors and
wholesalers, Mr Comito added.

SEE page 6B

Tribune Business Reporter
BAHAMIAN hotels purchase more local goods than may
have originally been perceived, a study conducted by the
Caribbean Hotel Association has revealed.
One of the most critical issues for Bahamian hoteliers and
their regional counterparts was the lack of marketing, followed
by a lack of qualified trained management and staff; high oper-
ating costs and taxes, a lack of airlift; and the need for quality
standards and trained human resources.
The Caribbean Hotel Association Spend Study was con-
ducted through the Caribbean Hotel Association, with sup-
port from the ProInvest Fund of the European Union, which
commissioned Tourism Global Inc to conduct a study entitled
The Caribbean Accommodation Sector as a Consumer of local-
ly produced goods and services and contributor to Government
The objective of the study was
to quantify the importance of
the hotel sector as a consumer of SEE page 6B

Bahamas to present draft EPA

offer at Barbados meeting

Tribune Business Editor
THE Government is now
developing its first draft offer
on the market access, services
and investments aspects of the
Economic Partnership Agree-
ment (EPA) talks with the
European Union (EU), the
terms of which will be present-
ed and discussed at a Barbados

meeting on March 21-23.
Gershan Major, head of
Caleb Enterprises, the.Mail
Boxes Etc franchisor for the
Bahamas, yesterday told The
Tribune that several Bahamian
private sector representatives,
as well as the Ministry of For-
eign Affairs, would represent

SEE page 10B

Waterfront Penthouse with 5 bedrooms 4.5 baths and 6,861 total
square feet. Unparalleled luxury, the ultimate in privacy and
exclusive privileges. Private marina, beach club, state-of-the-art
fitness centre and Tom Weiskopf golf course. Price upon inquiry.
Ridley.C .r, 110..- ,,. .'i-, .i- ,:: 242.477.7928



SIRbahamas.com t 242.322.2305 f 242.322.2033
!, i


Tel: (242) 356-7764

Tel: (242) 351-3010





'The T i I

Cable's TV, Internet

subscribers rise five

and 19 per cent

during fiscal 2006

Tribune Business Editor
Cable Bahamas saw its
cable television and
Internet subscribers
increase by 5 per cent and 19
per cent respectively during fis-
cal 2006, its vice-president of
finance telling The Tribune yes-
terday that the company is "still
pursuing" an increase in the $30
per month basic cable TV rate.
Barry Williams said the
BISX-listed cable television,
Internet and data services
provider believed that an
increase in the basic cable tele-
vision rate was "justified"
because the increasing cost of
providing the service was erod-
ing margins with the price stay-
ing the same.
"We've not given up on our
efforts to pursue that," Mr
Williams told The Tribune. "I
couldn't tell you exactly what
those plans are, but we're still
looking at it and working to try
and get that rate increase,
because we believe it's justified.
"There's been no increase in
the basic cable rate since incep-
tion [of Cable Bahamas], and
the cost of providing the ser-
vice network maintenance and
operations increases every
year. We've not given up on
Mr Williams said Cable
Bahamas' Oceans digital tele-
vision service had "really tak-
en off", having been introduced
about a year earlier than
planned to combat piracy,
which had seen individclUals
manipulate the analog set-toip
boxes to access premium chan-
nels, pay-per-view channels and
movies, without paying for the
Cable Bahamas is now plan-
ning to completely phase-out
all the old analog boxes by the
end of the second quarter 2007.
"We expect that by the end of
the first quarter, that the major-
ity if not all analog services

Company 'still pursuing' increase

in $30 per month basic cable rate

will be discontinued," Mr
Williams said.
"We've already discontinued
services in Eleuthera and Aba-
co, and Grand Bahama is being
focused on, then New Provi-
"By the end of the second
quarter, most will. be gone. Our
.numbers are at a stage where
we believe there are not a sig-
nificant number of analog users
out there, so they're certainly
going to be phased out by the
end of the second quarter."
Cable Bahamas' cable televi-
sion subscriber numbers were
boosted in the 12 months to
December 31, 2006,-by the
increased amount of construc-
tion activity in the Bahamas,
with both new government sub-
divisions and private houses and
subdivisions being completed
and requiring services.
The same activity also boost-
ed Internet subscriber numbers.
Mr Williams said construction
activity in 2006 slightly exceed-
ed Cable Bahamas' projections,
adding that housing develop-
ments coupled with the demand
for Internet connectivity was
what had driven growth in this
In addition, Mr Williams said
the introduction of its PC Wiz-
ard product, which was refined
in 2006, had created a value-
added tool for users that had
reduced subscriber churn and
bolstered customer retention.
The product combated virus-
es, plus computer adware, mal-
ware and spyware, keeping
Cable Bahamas subscribers'
PCs working and ensuring they
did not cancel their services.
While Cable Bahamas still
saw opportunities for it in the
wider Caribbean, its Caribbean

Crossings subsidiary was not
proceeding with plans for a
fibre-optic telecommunications
cable linking the southern
Bahama islands to Jamaica, as it
had been unable to obtain the
relevant government approvals
in time.
Cable Bahamas reported
that net income for its fiscal
year ended on December 31,
2006, rose by 60 per cent to
$18.1 million, compared to
$11.309 million the previous
year, on the back of healthy
revenue, rises, cost containment
and the absence of a non-
recurring one-time $2.36 mil-
lion write down in 2005.
Gross revenues rose by 15.6
er cent in 2006, growing to
65.95 million from $57.051
million, translating into a net
revenue rise of 15.7 per cent
to $63.234 million. This was up
from $54.634 million in 2005.
Expenses were well-con-
tained, increasing at a lower
rate 9 per cent from $27.905
million in fiscal 2005 to $30.245
million in 2006. This helped
generate a 22.7 per cent oper-
ating income increase to
$32.809 million for the past fis-
cal year, compared to $26.729
million the year before.
Cable Bahamas 2006 results
also benefited because it did
not have to incur the 2005
write down: This was connect-
ed to the conversion of its
cable television platform from
analog to full digital, leaving
the company moving to dis-
continue providing premium
services in analog.
As a result, it had to write-
down and impair the value of
analog set top boxes held in
property, plant and equipment.

RMF Investment Management Nassau Branch

RMF, part of the Man Investments division of Man Group plc, a leading global
provider of alternative investment products, has an opening in The Bahamas for a

Manager, Secondary Market Activity

The primary responsibility of the successful candidate will be to assist with the
establishment and administration of a trading platform quoting and trading in a
large range of hedge fund products promoted and managed by RMF and/or Man
Investments. This is a challenging opportunity for a candidate with ambition to join
a market leading organization and help create a servicing unit for Man's activities
around the globe. In particular the successful candidate will:

1. Manage the creation of a dealing facility that aims ultimately to provide 24
hour service to an existing global client base.
2. Design and operate an administrative system that ensures that all
transactions are properly documented and accurately processed on a timely
basis and recorded in securities management systems both in the Bahamas
and in Switzerland, the RMF headquarters.
3. Organise the establishment and operation of electronic links to settlement
agents and custodians which ensure the effective settlement of transactions
in hedge fund products.

In addition, the role will incorporate othet duties-relating to the Investment
Management functions performed by RMF including acting as back-up to existing
staff in the management and processing of investments in hedge funds.


The successful candidate will:

1. IHave a bachelor degree, probably in Banking, Finance or Accounting.
2. Have at least three years experience in financial services and a detailed
knowledge of alternative investments.
3. Have the communication skills and ability to deal with persons from a
broad range of backgrounds and cultures. Experience in this area, whilst not
essential, will be a key advantage.
4. Be highly proficient in information technology and aware of the advantages
that IT can bring to a project of this sort.
5. Ilave-excellent time management and organizational skills.
6. I Iave the ability to analyse business issues and develop effective solutions
to challenges.
7. Be prepared to travel when necessary and will probably have some foreign
language skills.
8. Ehnoy working in a small office of a large multi-national group of

Candidates with Bahamian status should send a copy of their resume to arrive
by 23rd March, 2007 to Bob Hudson, Chief Executive Officer, RMF Investment
Management Nassau Branch, P. O. Box EE 17758. Nassau, Bahamas or e-mail
hhudson umaiiinvcstments.com.



Pepsi Cola Bahamas, an affiliate of Pepsi Americas, Inc., is searching for a
qualified individual to manage its manufacturing operations. This includes
Production, Quality Control, Maintenance, Warehouse, Fleet, and Logistics. (5
direct reports, 30+ indirect reports).

Qualified candidates must posses the following:

* Minimum Bachelor's degree in business, operations or related field

* Prior leadership, supervisor and coaching experience required. Operations
and distribution experience preferred

* Results oriented
* Strong leadership
* Team builder / Team player
* Ability to coach and develop people
* Excellent interpersonal skills
* Process oriented
* Problem solver
* Ability to multi task

A competitive salary and benefits package will be offered to the successful
candidate. If you are a strong leader/manager capable of multi tasking and are
interested in being part of a dynamic, growing international company, please
mail or email resume to:

Human Resources Manager
Pepsi Cola Bahamas Bottling Co., Ltd.
P. 0. Box N-3004
Prince Charles Drive
Nassau, Bahamas
Fax: 364-2123
e-mail: rhonda.rolle@pepsibahamas.com




ghe Tiami Heralb i TUESDAY, MARCH 13,2007



S12,318.642.30 Foreigners pay more for property taxes
S&P 500 1,406.60 +3.75 Ame

NASDAQ 2,402.29 +14.74 A
1O-VR NOTE 4.55 -.04 V
CRUDE OIL 58.91 -1.14 V

Stocks go

up despite



Associated Press
NEW YORK Wall Street's
recovery from last month's
plunge gained steam Monday,
with stocks rising as investors
looked past widening cracks in
the subprime lending sector and
bought in response to another
parade of acquisition deals.
A warning from New Cen-
tury Financial early Monday
about its financial woes initially
overshadowed acquisition news
involving companies such as
Dollar General and Schering-
Plough. Investors have faced
concerns that a blowup among
companies making loans to con-
sumers with poor credit could
spill into other industries.
According to preliminary
calculations, the Dow Jones
industrial average rose 4230, or
034 percent, to 12,318.62.
Broader stock indicators also
rose. The Standard & Poor's 500
index advanced 3.75, or 0.27 per-
cent, to 1,406.60, and the
Nasdaq composite index rose
14.74, or 0.62 percent, to
2,402.29. Bonds rose amid con-
cerns about subprime lenders;
the yield on the benchmark 10-
year Treasury note fell to 4.56
percent from 4.59 percent late
.,riday. The,dollar was mixed
against other major currencies,
while goldprices fell.
Light, sweet crude settled
down $114 to $58.91 per barrel
on the New York Mercantile
Exchange. Investors appeared
pleased by a report that the fed-
eral deficit for the first five
months of the fiscal year is
down 25.5 percent from a year
Frederic Dickson, market
strategist and director of retail
research at D.A. Davidson &
Co., said while the budget defi-
cit number was largely antici-
pated, the figure could help
reassure investors after weeks
in which the vitality of the econ-
omy has come under scrutiny.
Monday's trading resembled
that of much of the last eight
months, a period markedby low
volatility. Many sessions since
the worldwide selloff last
month have seen choppiness as
investors hunted for signs of
where the market was headed.
Monday's trading perhaps
reflected a further sense that
Wall Street had regained its
footing. Investors will be
looking to economic data due
this week on retail sales and
inflation and at earnings news
as brokerages announce results.
The day's buyout news
offered support for stocks amid
the din over subprime lenders.
The concerns about the sub-
prime sector follow a relatively
successful week on Wall Street.
Stocks etched out gains last
week U.S. and overseas markets
managed to regain some sense
of stability following a sharp
pullback that began Feb. 27.
Even amid the gains seen last
week, however, concerns about
subprime lenders weighed on
Advancing issues outnum-
bered 'ecliners by about 2 to 1
on the NYSE, where volume
came to L47 billion shares, com-
pared with 1.44 billion shares
traded Friday. The Russell 2000
index of smaller companies rose
3.88, or 0.49 percent, to 789.00.
Overseas, Japan's Nikkei
stock average rose 0.75 percent,
Hong Kong's Hang Seng index
added 1.61 percent and the
Shanghai Composite Index
added 0.58 percent. Britain's
FTSE 100 closed down 0.19 per-
cent, Germany's DAX index fell
0.02 percent, and France's
CAC-40 fell 0.75 percent.

* The only way for a foreigner to
get a homestead exemption in
Florida Is to have a green card,
which the government gives only
to people working as permanent
employees of a U.S. employer.
The News-Press
FORT MYERS, Fla. Rod Senior
has lived and worked in Lee County
for nine years and owns'his home in
Gateway but no matter what he
does, he'll never get the homestead
exemption that could protect him
from skyrocketing property taxes.

* Aston Martin, while profitable,
didn't fit into Ford's long-term
plan for cost savings, according
to Standard & Poor's credit
analyst Gregg Lemos-Stein.
Associated Press
DETROIT In 1992, Aston Mar-
tin, the British sports car icon made
famous by James Bond 007, sold only
46 cars. Last year, sales rose to a
record 7,000, more than 152 times the

That's because Senior, 56, and his
wife Sue are Canadian citizens.
They're able to stay here on Rod's E-1
visa as long as he's an entrepreneur
building a business.
The Seniors are in a Catch-22: the
only way an entrepreneur can get in
the country is by stating explicitly on
the application that he has no inten-
tion of staying permanently.
But the only way for a foreigner to
get a homestead exemption in Florida
is to have a green card, which the
government gives only to people
working as permanent employees of
a U.S. employer.

1992 figure.
By nearly all accounts, Aston Mar-
tin is a Ford success story, a shining
star for the struggling auto giant that
acquired a controlling stake in the
British company two decades ago
and full ownership in 1994.
So why would Ford, which lost
$12.7 billion last year, sell a healthy
company that makes a profit?
Yes, Ford needs cash to cover

Senior doesn't think that's right.
"I can prove I'm a full-time resi-
dent and yet they're denying me," he
said. "I'm not seasonal, I'm not a
snowbird. This is my home."
He's not the only one affected.
According to Department of Home-
land Security statistics, in 2005 there
were 171,412 foreigners in Florida on
various visas for workers or business
owners and 122,918 green card hold-
ers in Florida.
Lee County Property Appraiser
Ken Wilkinson said he denied
Senior's request for an exemption
because that's what state law says:

GROWING DEFAULTS: Mortgage defaults could rise steeply if home prices fall and tighter ler
standards keep borrowers from refinancing, according to Lehman Brothers. Above, a fo
sits on a residential corner in Centreville, Va: ,i



Bloomberg News
Mortgage defaults over the next
two years may climb to $225 billion,
probably not enough to be a drag
on the U.S. economy, according to
debt strategists at Lehman Broth-
The forecast, based on an
assumption of flat home prices,
compares with about $40 billion
annually in 2005 and 2006, accord-
ing to a report Monday by analysts
led by Srinivas Modukuri at Leh-
man, whose fixed-income research
team has been ranked first by Insti-
tutional Investor magazine for
seven straight years.
Defaults may rise to $300 billion
if home prices fall and tighter lend-
ing standards keep borrowers from
refinancing, they wrote.
Investors are growing con-
cerned that surging delinquencies
on the riskiest mortgages will the
cause the economy to weaken,
hurting other assets.
About $170 billion of the defaults
would stem from so-called sub-
prime mortgages, which now total
$1.2 trillion, New York-based Leh-
man said.
"In the context of an $8.5 trillion
mortgage market and a $17 trillion

housing stock, the incremental
defaults seem manageable," Leh-
man said.
About 1.5 million to 2 million
homes will be foreclosed upon,
according to the firm.
More than two dozen subprime
lenders, which specialize in bor-
rowers with poor or limited credit
histories or high debt, have been
closed, scaled back or sold since the
start of 2006.
Irvine, Calif.-based New Cen-
tury Financial, the second-largest
subprime home lender, said Mon-
day that creditors won't provide it
financing for new lending.
The company, which at least
temporarily stopped accepting new
applications last week, has said it
expects to report a loss for last
A large proportion of subprime
borrowers live in the same neigh-
borhood as their prime counter-
parts, Lehman said, which may
cause some "contagion."
By adding foreclosed homes into
already slower housing markets
and hurting prices, subprime-loan
defaults may be a "catalyst to drag
down the entire housing market
which, in turn, would affect prime
borrowers from a default, as well as

a spending, standpoint
to Lehman.
About 2.1 percent i
loans made last year
90 days or already d
after six months, up f
cent for loans made in
worst level of early lo;
since 2000, according
The level of delinq
defaults on so-called
Alt-B mortgages, or les
that still fall short of t
standards, rose to 0.4 1
0.2 percent, the highest
2001, according to Leh
Payments on about
of outstanding mor
adjust higher for the
2007 and 2008, include
lion in subprime loans,
Investors in mortg
bonds will probably
$100 billion in losses fi
on the about $10 trillic
loans outstanding, while
that hold un-securitize
face about $175 billion
according to a March 9
Citigroup bond anal
Rahul Parulekar.
Defaults will total
billion, they said.

Only a green card will do the trick.
Not having the exemption can be
expensive. The Seniors' property tax
bill last year was $6,345.11, based on
their home's assessed value of
But three doors down, neighbors
with a house assessed at $497,370 -
almost $100,000 more are paying
That's because they have the
homestead exemption and the benefit
of Save Our Homes, which limits
assessed value increases to a maxi-





gets boost

L E The IfW Institute expects gross
domestic product in Germany to
grow to 2.8 percent in 2007 and
2.4 percent next year, up from its
December expectations.
Associated Press
FRANKFURT, Germany Eco-
nomic growth in Germany, Europe's
biggest economy, is set to be stronger
than expected this year and next, one
of the country's main economic insti-
tutes said Monday.
S"" The Kiel-based IfW Institute said
it had raised its forecast for German
'AFP-GETTY IMAGES economic growth, citing what it said
hiding were solid gains in domestic demand
r-sale sign and thick order backlogs at manufac-
The IfW now expects gross
I domestic product to grow to 2.8 per-
Scent in 2007 and 2.4 percent next
year, up from its December expecta-
tions for growth of 2.1 percent and 18
percent for the two years.
RS, Germany's economy expanded 2.7
percent in 2006, the highest growth
rate since 2000.
The IfW said that while there was
," according a sense of uncertainty at the begin-
ning of the year, when the value-
of subprime added tax rose from 16 percent to 19
were late by percent, there was an indication that
efaulted on growth would gradually pick up.
rom 1.2 per- "We are also slightly more opti-
2005 and the mistic than in December due to ongo-
an problems ing positive signals from the labor
to Lehman. market and fuller-than-expected
uencies and company order books," the institute
I Alt-A and said, adding that domestic demand
s-risky loans would likely "remain in full swing
:he toughest and be the main pillar of the
percent from upswing."
st level since The institute also cited falling
man. energy prices, lower unemployment
$900 billion rates and steadily increasing wages as
tgages will factors in its revision.
first time in "German companies' international
ing $650 bil- price competitiveness should rise
according to slightly in 2007, also due to the cut in
social security contributions," the
gage-backed report said. "It should fall again in
take about 2008 amid the stronger wage
rom defaults increase."
on in home- In 2008, the forecast was for
e companies slower growth because of an
d mortgages expected slowdown in exports,
)n in losses, which have been hurt by the rising
I report from value of the euro against the dollar
ysts led by and other currencies. Last year,
exports were up 12.5 percent, but are
about $590 expected to post just an 11 percent

NEW BOSSES: Aston Martin will now be controlled by a consortium of
investors, led by racing mogul David Richards, above, who visited
Aston Martin headquarters Monday in England's village of Gaydon.


Ford selling its stake in

Britain's Aston Martin

PL~Pla ~C~R---U-~s~"~~~""~eE-";:~Y~l~j~~-~jA l;i~--i~l~~ ; ` : - :: "'~tf'~t:i'~:~:!~: `,-'r. ?,~i~BBrjgllAn~'i~j9ina I~rt;t~i~,?~3';lar~~



Publicized farm-subsidy payments cause gripes

Associated Press
Hirschfeld says folks have
been talking behind his back
ever since the local paper
reported that he has been get-
ting millions of dollars in farm
subsidies from Washington.
Hirschfeld, a hands-on
farmer who shovels hog
manure on Saturdays, just as
he has since grade school, says
that fellow farmers get angry
at him now when he buys land
to expand. He says his daugh-
ter, who teaches school 300
miles away, has been asked by
her grade-school students
about her "rich father."
"People think, 'They got all
that money,' blah, blah, blah,"
Hirschfeld says.
Exactly how much Hirsch-
feld and other farmers get
from Uncle Sam has become
common knowledge around
here because an environmen-
tal group has been posting
names and figures on its web-
site as part of its campaign
against the nation's multibil-
lion-dollar farm-subsidy pro-
At small-town coffee shops
across the countryside, talk
about the weather and
Nebraska football now com-
petes with gossip about who is
getting big bucks from Wash-


The information is raising
tensions between smaller
farmers and bigger producers
in otherwise neighborly farm
communities. And it may be
turning some people against
the subsidy program as it now
"When the numbers came
out, I thought it was too
much," says Lynn Lowe, who
has a small farm in the same
county as Hirschfeld. "The
government shouldn't be help-
ing them out they get more
than we see per year" in
"When's enough enough?"
Darell Bolton, a nearby farmer
with a small operation, says of
the Hirschfelds' government
Under programs first cre-
ated in the 1930s to stabilize
farm income and prices, U.S.
farmers got some $20 billion
in subsidies in 2005, the last
year for which figures are
available. Most payments go to
growers of five major crops -
corn, soybeans, wheat, rice
and cotton.
The Hirschfeld family -
Hirschfeld, his brothers and
his son received $2.64 mil-
lion from 1995 to 2005. The
Hirschfelds farm mostly corn
on a 5,000-acre spread near
York and are among the top

subsidy recipients in Nebras-
ka's 3rd Congressional Dis-
It surpassed all districts in
the nation in 2005 with $992
million in subsidies.
Hirschfeld, a third-genera-
tion farmer, estimates his fam-
ily's operation has a gross
income of $4 million to $5 mil-
lion annually. But without sub-
sidies, he says, they would not
have been able to break even
some years.
The top subsidy recipient
in 2005 was an Arkansas rice-
producer, Riceland Foods,
which got nearly $16 million.
Iowa farmers topped the list
with $23 billion in subsidies in
2005. Iowa was followed by
Texas ($2 billion), Illinois ($1.8
billion) and Nebraska ($1.4 bil-
For several years now, the
Washington-based Environ-
mental Working Group has
been posting those names and
figures online in the hope that
the publicity over the multi-
million-dollar payments to
large farmers would create
widespread opposition to the
The group's president, Ken
Cook, instead wants subsidies
to go to farmers who use good
conservation practices.
"Some people say, 'When
are you going to take that
damn website down?' Cook

BIG BUCKS: Ross Hirschfeld and his family have received
more than $2.5M in subsidies from 1995-2005.

says. "I look forward to the
day people want to be on the
list because they're doing
great conservation practices
- that should be the rationale
for subsidies."
The Bush administration is
proposing to stop paying sub-
sidies to many big farmers by
lowering the income eligibility
cap from $2.5 million to
$200,000. The plan would cost
$87.3 billion over the next five

years, versus the $105 billion
spent over the past five.
Former Nebraska governor
and current U.S. Agriculture
Secretary Mike Johanns is the
lead salesman for the plan and
has used the outrage over sub-
sidies for big farmers to make
his pitch.
Nebraska Farmers Union
President John Hansen
accuses Cook of inaccurately
portraying farmers as rich
welfare recipients and ignor-
ing the underlying reason for

subsidies to stabilize food
production in an often volatile
"He wants to ruin public
support for farm programs,"
Hansen says.
"Ken Cook knows good and
well he's creating confusion
and hard feelings and misun-
derstandings between ag play-
ers and non-ag people, and his
agenda is to do just that."
Robert Kracl, a farmer
whose family partnership is
among the top recipients of
government subsidies in
Nebraska, says the bad public-
ity has made agriculture a
dirty word to many.
He says that is one reason
his son decided to take a job in
Seattle after college rather
than come home to farm in
"I've had people say,'What
the hell are you guys getting
these subsidies for?'" he says.
Kracl says many people
don't understand that the sub-
sidy payments are split among
several family members and
are necessary to survive. His
four-member family partner-
ship received $2.3 million from
1995 to 2005.
He says cattle ranchers
around town joke that "farm-
ers have caps shaped like mail-
boxes so they can stick their
heads in to get their govern-
ment checks."


Foreigners pay more

for property taxes


mum of 3 percent a year
homesteaded property.
Darrin Schutt, a Cape Ci
al-based immigration lawy
said losing the homestead c
in some cases cost a foreign
a lot more than an increase
property tax bill.
"It is a common problem
he said. "And that homeste
exemption is the same one f
the constitutional protect
against creditors," allowing
homeowner to keep his hot
even if he goes bankrupt.
Senior said it's unfair th
Florida rules are so tou
while the other states wi
X. homestead exemptions
Ohio, Texas and Georgia
give them to people with ev
temporary visas. Schutt sa
that's true but that "Florid
homestead protection is mu
more than the others, ai
AP 2003 Save Our Homes is unique
nes Florida as well. We're probe
bly more stringent becau
Florida's a debtor's paradi

Il tections you have more hoo
to jump through."
Juergen Hartwich, cha:
man of the European Busine
in a Council of the Cape Coi
Chamber of Commerce, sa
he'd like to see the ru
changed to encourage mo
investment from Europ
and "Every year there's
increase in the property ta
the increase in the value

CLOSING DATE: Ford's sale of Aston Martin, which was made famous by its exotic sports cars appearing in Jan
Bond movies, is expected to close in the second quarter.

Ford sells stake in Aston Mart


losses expected into 2009, but
it already has mortgaged its
factories to secure a $23.4 bil-
lion line of credit. The $848
million it will get for Aston
Martin is small change when
compared with the $17 billion
Ford expects to burn up.
before returning to profitabil-
ity in two years or so.
"At a certain level, I think
you have to say that this dis-
posal is kind of symbolic,"
said Stephen Cheetham, a
senior analyst with Sanford C.
Bernstein in London. "They
were selling as much of the
family silver as is salable."
There's also a practical
reason, said Gregg Lemos-
Stein, a credit analyst for
Standard & Poor's in New
Aston Martin, while profit-
able, didn't fit into Ford's
long-term survival plan for
cost savings from developing
multiple models worldwide
on the same underpinnings,
Lemos-Stein said. Aston Mar-
tins, which cost upward of
$110,000, sell because they are
"The sale of Aston Martin
makes sense because Aston
Martin does not share much
in terms of platforms or engi-
neering with the other Ford
assets," Lemos-Stein said.
Ford Chief Executive Alan
Mulally said in a statement
that the sale supports Ford's
turnaround plan, which

involves cutting factory
capacity and rolling out new
cars and trucks at a faster
The sale, which the compa-
nies said had a total value of
$925 million, is expected to
close sometime in the second
quarter. Ford will retain a $77
million stake in the company,
which it put up for sale in
Aston Martin now will be
controlled by a consortium of
investors, including racing
mogul David Richards, John
Sinders and the Kuwaiti-
based international compa-
nies Investment Dar and
Adeem Investment.
Richards is founder and
chairman of Prodrive, a Brit-
ish racing and automotive
technology company that
runs Aston Martin's interna-
tional sports car racing team.
Sinders, from Houston and
Dubai, is an Aston Martin col-
lector and racing backer.
Richards is heading the
consortium and has a per-
sonal stake in Aston Martin,
although like the other inves-
tors, he would not say how
much of the company he will
Richards will join Aston
Martin's board as nonexecu-
tive chairman and will be
involved in the strategic
direction of the business, he
said Monday in an interview
with The Associated Press.
Aston Martin Chief Execu-
tive Ulrich Bez will continue
to lead the company's man-
agement team, Aston Martin

Ford ChiefExecutive Alan Mulally said
statement that the sale supports Ford's
turnaround plan, which involves cutting
factory capacity and rolling out new cars

trucks at a faster pace.

Richards predicted only
modest sales growth for
Aston Martin in coming years,
but said the company will
remain true to its roots as an
iconic British luxury sports
Ford will continue to pro-
vide safety, emissions and
other technology to Aston
Martin as it has in the past, he
"It's a close working rela-
tionship that's not just being
cut off tomorrow," he told the
Cheetham said Ford got
more for Aston Martin than
analysts had expected. He
said the big question is
whether the investors will
spend the millions needed to
keep the company's products
unique and on the cutting
But Richards said Ford,
when looking for a buyer,
made sure the investors
would be the proper custodi-
ans of the brand.
"They were reassured that
the investment group had all
the resources available to
them to continue where

[Ford] had left off," Richards
The sale raised speculation
among analysts that Ford now
would turn its attention to the
sale of other brands, namely
Jaguar and Land Rover. Ford
has said they aren't for sale,
but the company still is in
need of cash, several analysts
Ford stock fell 11 cents to
close at $7.82 on the New
York Stock Exchange.
Founded in 1914 by Lionel
Martin and Robert Bamford,
Aston Martin turned out its
first car in 1915.
The.DB9 and V8 Vantage
models are made at Gaydon,
England, and later this year a
DBS model will go into pro-
duction at the Warwickshire
plant, where 1,600 staff are
Actor Daniel Craig drove
the DBS in Casino Royale and
the first 007 Sean Connery
- drove an Aston Martin DB5
in the 1964 Bond movie Gold-
Versions of the car also
appeared in a number of other
007 films, including Thunder-
ball, The Living Daylights,
Goldeneye and Die Another

The only way an
on entrepreneur can get

or- in the country is by
er, stating explicitly on
ler the application that he
has no intention of

a, staying permanently.
on homes is unbelievable in the
g a last two years."
ise Like Senior, he's an entre-
preneur: he owns Perfect
hat Home Control, a sound sys-
gh tem company.
ith But because he's German
- instead of Canadian, Har-
- twich was able to get a green
en card seven years ago in a
Lid nationwide lottery the gov-
a's ernment holds. Canadians
ch aren't eligible to participate.
nd Senior said he doesn't even
to have a house in Canada and
>a- plans to stay here, working on
.se Fuel Bank his proposed
se business that would have a
to- plan under which people
ps could buy diesel, aviation fuel
or heating oil at the set price
ir- that day. Then, when fueling
*ss up at a service station, they
ral could buy at the price they'd
lid already locked in.
le Unless the Legislature
re changes the rule, Senior said,
:e. he's reconciled that he'll
an never get the homestead
ax; exemption. "I'm reaching a
of dead end on this thing."


German growth

forecast gets boost


increase in 2007. In 2008,
exports are expected only to
increase by 6.8 percent.
The forecast came as
another economic research
group, DIW, said that eco-
nomic growth during the first
three months of 2007 would
be better than expected,
driven by more industrial pro-
DIW, one of the country's
six most prominent economic

research institutes, said it
expects GDP to rise about half
a percent in the first three
months of this year, slightly
better than 0.4 percent it had
forecast last month.
"The main incentive of
economic growth should
come from industrial produc-
tion, which should get gain
ground again after its stagna-
tion in the final quarter of the
previous year," the agency
said in its report, citing con-
struction gains.


Oomtar g
SP Fnc
SP Util
FedrDS s

6:35p.m. Late
dose Chg. volume
60.0 125375
86.90 +24 81795
18.54 72162
9.30 69290
1850 +.04 53092
3658 51713
140.96 -.03 51006
35.87 45343
631 42033
38.60 -.03 41240
45.07 37026
31.92 34977
27.36 28581

ReynAm s


-.02 26828
-.02 24517
+.02 23982
+.01 22903
+.08 21664
+.01 20995
+.01 17519
-.27 17354

For up-to-date stock quotes, go to www.MiamiHerald.com and click on Business



Seminar to


financial products

The Bahamas Finan-
cial Services Board
(BFSB) and the Soci-
ety of Trust & Estate Practi-
tioners (STEP) are hosting a
one-day technical review that
will focus on the wealth plan-
ning and management needs
of domestic and international
clients. The event will be held
in the Seabreeze Ballroom of
SuperClub Breezes, on Tues-
day, March 20.
Sessions will provide an
overview of the Private Trust
Companies (PTC). SMART
Funds and Foundations prod-
ucts and services. Other ses-
sions will focus on domestic
asset management and wealth
planning. Specifically:
The PTC is a hot topic, both
in the Bahamas and interna-
tionally. The session will dis-
cuss the Bahamas approach.
how it differs to that of com-
peting jurisdictions and fac-
tors to be considered before
recommending these struc-
tures to clients.
Session presentations
include how PTCs are estab-
lished and used. Speakers are
Andrew Law, president and
chief executive, International
Protector Group; Michelle
Neville-Clarke, partner.
Lennox Paton: Nadia Taylor,
associate, Higgs & Johnson.
In an environment requir-
ing greater regulatory over-
sight, the Bahamas SMART
Fund meets the needs of a
range of clients. The session
includes a formation overview.
Speakers are David Thain,
managing director, Arner
Bank & Trust; and David F.
Allen, associate, McKinney
Bancroft & Hughes.
Foundations are familiar in
civil law countries, and may




now be established in the
Bahamas for private, charita-
ble or commercial purposes.
Presentations will consider
why so many common law
jurisdictions are introducing
foundations and how they are
established. Speakers include
Bryan Glinton, partner, Glin-
ton Sweeting O'Brien;
Heather L. Thompson, part-
ner, Higgs & Johnson.
Domestic Asset & Invest-
ment Management will exam-
ine a typical portfolio, review
investment opportunities and

strategies, plus products and
services. Speakers include Ken
Kerr, chief executive, Provi-
dence Advisors; Anthony Fer-
guson, principal, CFAL.
Estate planning is an essen-
tial tool, and trusts and wills
can be used to protect, pre-
serve and transfer wealth for
Bahamians. Scheduled to
speak are Dianne Bingham,
manager-private banking, Sco-
tiabank; Ursula Rolle, assis-
tant vice-president, Fidelity
Merchant Bank and Trust;
Tanya Hanna, partner, Gra-

BISX to complete public debt work 'by March-end'

FROM page 1B

"The CFD system is very
robust and will handle the initial
IPO process straight through to
settlement. We will engage in
straight-through processing, and
we are meeting or exceeding
industry standards" with the
system, Mr Davies said.
"We will see an increase and
expansion of our liquid mar-
kets, which is what our debt
securities are. It's really robust,
meets and exceeds all interna-
tional standards for centralised
payments and securities depos-
itory systems, and do our coun-
try justice."
There are currently some 140
trenches or issues of govern-
ment-registered stock out-
standing, with a total market
value of $1.8 billion. The list-
ing of such public sector debt
securities, never mind Treasury
Bills, will dramatically boost
BISX's market capitalisation,
giving the exchange critical
massm, plus the investment
options, trading volume and liq-
uidity it has lacked.
In turn, the central securities
depository holds out the
promise of reducing transaction
costs and improving efficiency
in the government debt mar-
kets, introducing more trans-
parency and better price dis-
covery through BISX's elec-
tronic platform.
Mr Davies said the central
securities dc- ository would
"dematerialise" the government
securities market, removing the
need for investors to hold paper
He explained that currently, if
investors wanted to sell their
government-registered stock.
their paper certificate had to be
handed into the Registry.
immobilised, surrendered alnd
then withdrawn from existence.
Under BISX's electronic plat-
form, investors would no longer
need to hold the physical paper
certificates themselves, as they
would all remain with the cen-
tral securities depository from
issue. The depository would
then do the rest. in the event olf
a sale, to complete every step
of the transaction.
Mr Davies likened this
process to depositing funds with
a commercial bank, adding:
"You don't have to worry about
losing or signing a certificate.

the removal or changing of a
name. We're moving to a better
and more secure environment."
The Depository itself will be
responsible for updating the
share register, Mr Davies
explained, adding that the
removal of paper from the mar-
ket would reduce overheads,
especially when it came to clear-
ing and settlement.
The method through which
government-registered stock
and other securities were
brought to market would also
change when BISX's platform
and central securities deposito-
ry came into play, Mr Davies
Currently, the Central Bank
acts as the primary dealer for
government issues, marketing
and distributing them on its
behalf to other institutions and
market participants.

Mr Davies said than when the
process is transferred to BISX,
the Central Bank would "step
aside" from that role and allow
other market participants, such
as broker/dealers, to act as the
first purchasers from the Gov-
This, in turn, would create
competition in the market that
was likely to reduce the interest
rates attached to debt issues,
and Mr Davies said BISX's sys-
tem would provide for "fair and
equitable distribution", ensur-
ing that no market participants
were shut out.
Mr Davies said BISX would
move on its efforts to educate
market participants, so they
would be able to handle their
business, clients and accounts
effectively when the transition
in the public debt market hap-

ham Thompson & Co.
The scheduled feat uredc
speaker will be international
tax attorney Steven L. Can-
tor, managing partner of Can-
tor and Webb P.A, who will
speak on the Use of Bahami-
an Products for Private
Wealth Management.
Mr Cantor has lectured and
has written extensively on
international tax and estate
planning, and the structuring
of foreign investment in US
real estate.

I Ic is a micmbeIr of the Tax
Sectiiii il thc Ilhorida Bar and
the TIax. Real Property, Pro-
bate and Trust and Interna-
tional Sections of the Ameri-
can Bar Association.
Mr 'Canlor is the founding
mliL'iIbe o thel STEP Miami
Branch and also has served as
the Branch Chairman and as a
member of STEP Worldwide
Council. He is also a found-
ing member of the annual
STEP Caribbean Conference


prices rise

to national

average of

$2.559 a


line prices rose for the sixth
week in a row to an average of
about $2.56 a gallon nationwide,
according to a government
report released Monday.
The United States Energy
Information Administration
reported that drivers last week
paid an average of $2.559 a gal-
lon for regular gasoline, up 5.4
cents from the Week before.
Prices at the pump are about
19 cents higher than they were
at this time a year ago, having
soared nearly 40 cents, or 18
per cent, over the past six
Retail prices rose most
sharply on the West Coast,
where prices increased 15.5
cents from the prior week to
$2.92 a gallon. That region has
the most expensive gasoline,
according to the report's break-
down of average prices by
Gasoline prices rose the least
in the Midwest, by 2.2 cents to
$2.487 a gallon. But Gulf Coast
gasoline prices remained the
cheapest in the country, at
$2.402 a gallon.
After a substantial decline at
the start of the year, crude oil
prices rebounded and have
been trading near the $60-a-bar-
rel level. On Monday, light,
sweet crude for April delivery
fell $1.14 to settle at $58.91 a
barrel on the New York Mer-
cantile Exchange.
But Nymex gasoline futures
have been soaring due to U.S.
refinery glitches, declining
inventories, and traders betting
that demand going into the dri-
ving season will be strong
enough to support higher prices.
Gasoline futures, up more than
20 per cent for 2007, rose 0.84
cent to settle at $1.9105 a gallon.

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Educational Requirement

Nlasrers degree in Library Science or Library and Information
Science from an accredited college or university


Five years of experience in Library administration, includi-g
three years of administration and supervisory responsibility.


The successful candidate will be required to manage and direct
the operations and activities of a public library; develop and
administer library goals, objectives and procedures; monitor
and review newv library acquisitions and select and acquire
ncv librarian materials.

Please submit resume and supporting documentation to:

P.O. Box F-42666
Fax No. 351-6422
Freeport, Grand Bahama

On or before March 23rd, 2007





Don't encourage 'Buy


at hotel 'expense'

FROM page 1B

Nevertheless, the response
from Bahamian hotels showed
there was also room in the agri-
culture industry to increase sup-
plies to the sector.
Bahamian hotels obtained
100 per cent of their eggs and
fruit from the Bahamian econ-
omy, and 60 per cent of their
fish, all figures comfortably in
excess of the regional average.
However, Bahamian hotels
featured in the CHA survey
only bought 40 per cent of their
meat in the Bahamas, as
opposed to the 63 per cent
regional average, while for veg-
etables and dairy products, only

25 per cent of each category
came from the local economy.
Mr Comito said the data
showed opportunities still
remained for Bahamian farm-
ers on Andros and New Provi-
dence to supply hotels with cer-
tain product lines.
He added that if there was
"consistency, quality and avail-
ability at a competitive price,
then purchases would be made
"I think Goodfellow Farms
and Lucayan Tropical Produce
are good examples of how tech-
nology can embrace farming in
tropical environments, com-
bined with the ability to lever-
age relationships with whole-
salers," Mr Comito said.
Much Bahamian light manu-
facturing, he added, was


Vill gglo


seek expe *w

V Pizza Cooks Straight Shifts

V Line Cooks

V Pantry Cook

V Buspersons

Must be culinary minded and able to work
to high levels of sanitation with a great work
ethic and must be able to pay

References Essential

Please present resume in person at
Villaggio 10am 2pm, Mon-Fri.


Pricing Information As Of:

induced by high tariffs and cus-
toms duties, and it was difficult
for Bahamian firms to compete
with companies in other coun-
tries paying lower wages and
which were more productive.


The BHA said: "The study
points to several areas where
local purchases are high in the
Bahamas, but are artificially
induced due to price controls
and lack of competition. These
include eggs and telecommuni-
cations services.
"In both cases, the cost of
purchase is excessively high,
induced by government poli-
cies. Local purchases should be
encouraged, but not at the
expense of industry where oper-
ating costs are already extreme-
ly high."
The BHA added that the
CHA survey, and data provided
by Bahamian hotels, showed
that there were "factos beyond


the control" of the industry
hurting its ability to buy in the
Bahamas, such as "supply chain
elements like availability, qual-
ity, price, packaging, reliabili-
ty, logistics, shipping patterns
and convenience".
The survey showed that the
hotel industry provided spin-off
and entrepreneurial opportuni-
ties in sectors where there was
high-paid employment, and
exposed areas where there was
a need for greater awareness of
opportunities, greater public-
private partnership, and better
education and training.
The BHA said the data also
showed that hotels bought more
goods and services from the
Bahamian economy than was
commonly perceived.
Mr Comito questioned
whether in some cases it was
practical for hotels to buy high-
priced products locally, given
that this was already a high-cost
destination, and this could fur-
ther impact prices and costs.


NOTICE is hereby given that JAMES JULMIS OF
NASSAU, BAHAMAS is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 13th day of
March, 2007 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.



NOTICE is hereby given that MAX EDMOND OF
MINNIE ST, NASSAU, BAHAMAS, is applying to the
Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 6th day of March, 2007 to the Minister responsible
for Nationality and Citizenship, P.O.Box N- 7147, Nassau,


I3 03.74 / %CHG 00.21 / YTD 96.09 / YTD % 05.73


Abaco Markets
Bahamas Property Fund
Bank of Bahamas
Bahamas Waste
Fidelity Bank
Cable Bahamas
Colina Holdings
Commonwealth Bank
Consolidated Water BDRs
Doctor's Hospital
Freeport Concrete
ICD Utilities
J. S. Johnson
Premier Real Estate



~Over-The-Counter Securities
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price

Change Daily Vol. EPS $ Div $

3,000 0.199
13,300 0.715

Weekly Vol. EPS $ Div $


P/E Yield

P/E Yield


14.30 12.25 Bahamas Supermarkets 14.60 15.60 14.00 1.766 1.125 8.8 7.71%
10.14 10.00 Caribbean Crossings (Pref) 8.00 8.25 10.00 0.000 0.640 NM 7.85%
0.54 0.20 RND Holdings 0.45 0.55 0.20 0.021 0.000 26.2 0.00%
'AWibW Over-'The-Counter Securities
43.00 28.00 ABDAB 41.00 43.00 41.00 2.220 0.000 19.4 0.00%
14.60 14.00 Bahamas Supermarkets 14.60 15.50 14.00 1.770 1.320 8.3 9.04%
0.60 0.35 RND Holdings 0.45 0.55 0.45 -0.070 0.000 N/M 0.00%
-'' BIS X Listed Mutual Funds
52wk-Hi 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %

1.3312 1.2909 Colina Money Market Fund
3.0988 2.6662 Fidelity Bahamas G & I Fun
2.6254 2.3312 Colina MSI Preferred Fund
1.2246 1.1592 Colina Bond Fund
11.3945 10.0000 Fidelity Prime Income Fund

BISX ALL SHARE INDEX 19Dec 02 = 1,000.00
52wk-Hi Highest closing price in last 52 weeks
52wk-Low Lowest closing price in last 52 weeks
Previous Close Previous day's weighted price for daily volume
Today's Close Current day's weighted price for daily volume
Change Change in closing price from day to day
Daily Vol. Number of total shares traded today
DIV $ Dividends per share paid in the last 12 months
PIE Closing price divided by the last 12 month eamings



Iht' OSE 783.74 / YTD 05.61% 2006 34.47%
MARKET TERMS YIELD last 12 month dividends divided by closing price
Bid $ Buying price of Colina and Fidelity
Ask $ Selling price of Colina and fidelity
Last Price Last traded over-the-counter price
Weekly Vol. Trading volume of the prior week
EPS $ A company's reported earnings per share for the last 12 mths
NAV Net Asset Value
N/M Not Meaningful
FINDEX The Fidelity Bahamas Stock Index. January 1, 1994 = 100

S- 2 March 2007
" 8 February 2007
S- 31 January 2007
." 28 February 2007

"" 8 February 2007
" TA*~ - GA IA ki io.r.Y 242-356-7764 1 FOR MORE DATA & INFORMATION CALL (242) 394-2503

Bahamas hotels

buy more locally

than perceived

FROM page 1B

locally-provided goods and
The study was conducted
in 2006. Data was complied
through personal surveys
and interviews with a rep-
resentative group of 54
hotels from 10 jurisdictions.
The BHA said six
Bahamian hotels participat-
ed, covering 10 properties,
with Kerzner International
and Baha Mar representing
several properties under
their corporate umbrella.
According to the report,
100 per cent of Bahamian
hotels in the study expressed
a willingness to purchase
items locally compared to
79 per cent of hotels in the

Bahamian hotels pur-
chased 100 per cent of their
utilities, including electricity,
water telecommunications,
gas and fuel, from the local
sources. Regionally only
electricity, and water were
entirely purchased from
local companies, with 91, 84
and 87 per cent spent on
telecommunications, gas and

fuel from home.
Another area seeing
tremendous local purchases
in the Bahamas was eggs.
However, this is induced due
to price controls and lack of


The survey also revealed
that no expenditures were
made locally in the Bahamas
to outsource training ser-
vices, something the BHA
said indicated a lack of suf-
ficient clarity in the ques-
tion, as some mid and vir-
tually all large-sized hotels
have in house training
resources or tie into local
resources through the BHA.
The BHA said the spend-
ing study reinforced the
impact which the sector has
on the overall economy, par-
.ticularly in the services sec-
tor. It said the indirect
employment and entrepre-
neurial spin-offs created in
the service sector was gen-
erated in areas which are
often high profit and
employment earners.
The BHA will hold a
trade show and expo on
April 12 to further highlight
Bahamian vendors, with
over 50 exhibitors and 500
hotel executives attending.


NOTICE is hereby given that D'ANGELO SMITH OF
BAHAMAS is applying to the Minister responsible foq
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 13th day of
March, 2007 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.

r. .. I AW A,

14,000 miles, 1 1/2 cabs
AC, CD player, excellent condition.

Tel: 827-8028 Cell: 859-8160

No. 45 of 2000


Notice is hereby given that in accordance with Sectionl38
(8) of the International Business Companies Act, (No. 45 of
2000), the Dissolution of BELL VENTURES LIMITED
has been completed, a Certificate of Dissolution has been
issued and the company has therefore been struck off the
Registrar. The date of completion of the dissolution was
February 2, 2007.



^ ^^




Visit our website at www.cob.edu.bs

Applications are invited from suitably qualified individuals for the following position:
Purchasing Manager, Culinary & Hospitality Management Institute
This position will require the successful individual to hold responsibilities for the following:
Purchasing of merchandise
To ensure adequate inventory in the Culinary & Hospitality Management Institute and the
Institute competitive pricing and obtainment of high quality products.
It is expected that this person will possess strong critical thinking skills, business acumen and
excellent interpersonal skills. The ability to provide superior customer service is also vital.
A Bachelors Degree is preferred with three years relevant post qualification experience OR
an Associate Degree with five years post qualification experience in a relevant area.
Considerable knowledge of food & beverage
Knowledge of office procedures and paper trails
Computer proficient with basic knowledge of Microsoft Applications
Excellent written and oral communication skills
Ability to properly use a calculator
Express a positive attitude.
Excellent telephone skills.
Ability to establish priorities.
Ability to work independently.
Skill to use a personal computer and various software.
Ability to resolve problems.
Ability to analyze statistics
Physical Requirements
Ability to lift up to 50 pounds.
Ability to work on a personal computer for long periods of time
Salary Scale: $22,110 X $600 $29,110
Interested candidates should submit a detailed curriculum vitae and a cover letter of interest,
giving full particulars of qualifications and experience to the Human Resources Department no
later than Friday, March 23, 2007


A One Day Workshop


Superior Customer Service
This workshop is designed to provide participants with an overview of the
fundamentals of superior customer service. It focuses on customer value,
retention and relationship building and employee motivation.
Topics to be covered:
The Customer Service Environment
Understanding the Customer
Communication and Customer Service
Handling Complaints and the Difficult Customer
Creating Your Customer Service Strategy for Loyal Customers
The Face of the Future
Date: Thursday, 29 March 2007
Time: 9:30am 4:00pm
Venue: TBA
Tuition: $170.00 Full payment is required at time of registration.
Application Fee:$40.00 (one time payment)
Certification: A Continuing Education Certificate on successful completion.
Enquiries: Contact the co-ordinator at Tel. (242) 302-5201 / 302-5205 or 302-5202 or
email: nlacroix@cob.edu.bs
All fees included with the exception of the application fee of $40.00 (one time payment)
CEES reserves the right to change Tuition, Fees, Course Content, Course Schedule and Course Materials..

The College of The Bahamas is now accepting applications for its prestigious and
valuable Prdsident's Scholars Programme (PSP), a scholarship and leadership programme
for high-achieving, highly-motivated, service-oriented students who will be pursuing
a FIRST-TIME bachelor degree at COB, beginning in Fall 2007.
Applications are welcome from all High School Seniors who possess:
* Cumulative GPA of 3.5
* SAT scores of 1200 on the two-part (math and critical reading) 1800 three-
part (math, reading and writing) OR
* Seven (7) BGCSE's (minimum of 5 A's in core subjects)
* Proven leadership skills

* Scholarship Award of $24,000.00 ($6,000.00 per year for 4 years)
* Comprehensive Leadership Training with opportunities for international
Applications and brochures can be downloaded from
Hand deliver applications to The College of The Bahamas, Office of Student Leadership,
Room A 85, Administration Block, Oakes Field Campus, Nassau, The Bahamas OR.
mail to P. O. Box N-4912, Nassau, Bahamas.

Deadline Friday, March 31, 2007
For further information, telephone the Director at (242) 302-4559




The normal entry requirements for the UWI LL.B. DEGREE are
based on the following basic UWI Matriculation standards:

(a) Five subjects, at least two of which must be at Advanced (A) Level
and the remainder at CXC (Caribbean Examinations Council) general
or BGCSE (Bahamas General Certificate of Secondary Education) or
the equivalent; OR

GPA OF 2.5 OR HIGHER. Note: Space in the programme is limited
and competition is high. Therefore, above average 'A' Level grades
and high averages (AT LEAST 3.0) in undergraduate degrees are
required for an applicant to stand a reasonable chance of gaining

The College of The Bahamas will consider a limited number of
applications from persons who do not satisfy Matriculation standards
as identified above but who have equivalent academic qualifications.
for persons who have already been associated with the practice of law
in some way to read for a law degree. A resume must be submitted
with the COB and UWI applications.

All applicants are required to sit a Proficiency Exam, at a date to
announced, by end of June 2007.

Interested persons must complete a College of The Bahamas and
University of the West Indies Application for Admission Form available
from the Office of Admissions, 2nd Floor, Portia Smith Building,
Poinciana Drive, The College of The Bahamas.

Kindly submit by March 30, 2007 completed applications, original
certificates (which will be returned to the applicant), copies of original
certificates, transcripts (sent directly fropl universities or colleges
previously attended) to the Director of Admissions at COB, and proof
of payment of the $40.00 application fee (paid at the BUSINESS

Calling all

COB alumni
Get in on the excitement of building
the University of The Bahamas!

Whether you graduated from The
College with the Class of '77 or just last
year, we want to hear from you to
Keep you up to date on news of the
University of The Bahamas
Network you with other alumni in
your field
Invite you to a reception to meet the
Brag about your achievements
Ask your advice.

So COB Alumni, Let's reconnect.
Call Alumni and Development today

302-4355 or 6
or email

1.~. ......~~~.~ .~. 1~.7.~-...... ;



i ~
,.; .~.. B`




Visit our website at www.cob.edu.bs EDUCA1ING & TRAINING BAHAMIANS


What is your goal?
We can provide you with superior education and training to
help you accomplish your goal.
Tel: 242-328-0093 or 242-328-1936
Call today!
For your convenience, the majority of classes are
held on Saturdays, 8am 12noon.
Are you preparing for a promotion, career change or career enhancement? The Professional Development Department
can help you achieve your career goals! We offer a wide array of courses and programmes leading to certificate, certification
and licensure. You can become the pacesetter for performance excellence in your organization. The College of The Bahamas partners
with leading international institutions offering many of the top internationally recognized professional certifications and designations.
You can continue to improve your professional development credentials at The College of The Bahamas. How successful do you
want to be? It's largely up to you and CEES is here to help you climb.
Choose the courses or programme to help you accomplish your career
* Certified Professional Managers Programme
SCertificate Programme For The Office Assistant
A+ Computer Technician Certification
Certified Computer Operator- Microsoft Office Specialist: Word, Excel, Access, Outlook, PowerPoint)
Certificate In Law- Paralegal
Certified Public Accountant (Becker Conviser CPA Review)
Certificate in Human Resource Managers Programme
Certificate Programme In Supervisory Management
Journeyman Plumbing License
Master Plumbing License
Certified Project Manager
Accounting For Non-Financial Managers
Ethics and Professional Responsibility
Legal Writing & Research
Writing & Research
Introduction To Computers, Windows and The Internet
No entrance exams. Tuition may be paid per term or in full. International
programmes available.
This programme is administered in conjunction with The Institute of Certified Professional Management
at James Madison University, Harrisonburg, Virginia. The CM Programme provides Supervisors, Managers,
and Team Leaders with the fundamental knowledge needed for today's management challenges. A
comprehensive instructional scheme gives you the competence you need to meet high standards of

CPM'900 Personal Skills- $500
WRS 900 Writing and Research Skills- $350

LPT91 Administrative Skills- $700
ETHC900 Ethics and Professional Responsibility- $250
CPM 903 Professional Development Seminar- $210

CPMF902 Interpersonal Skills- $600
CPS 901 Accounts- $300
PREREQUISITE: 3 or more years as a Trainer, Supervisor or Manager with an AA Degree or a B. A. Degree from an
accredited or recognized college/university; COMP956 Intro. To Computers, Windows and The Internet- $200
Begins: Spring and Fall Day/Time: Sat. 8am-12:15pm Duration: 3 TERMS
PROJ901 Master Project Management- $800
This course focuses on strengthening skills previously developed. The core competencies of project management are
addressed, and the following topics are discussed at the advanced level: leadership, project performance management,
project plan development, and people-based project management, project quality, scope, time, cost, human resources,
communications, risk, procurement, and integration management.
Prerequisite: A Bachelors Degree in any discipline from an accredited or recognized college/ university or a minimum
of 4 years experience as a Project Management Apprentice; Curriculum vitae, a Professional Development Seminar:
ETHC900 Ethics and Prof. Responsibility- $250
Begins: Per demand Day/Time: Sat. 8:00am 1pm Duration: 10 Weeks
O Please-note that Material Fee, External Registration and Examination Fees are not included in the cost of tuition.
With the advent of the high-tech office, the Clerks'/Office Assistants' (O/A) role has evolved as one of the most important
support factors in the operational management process. In an effort to equip the support level staff to function efficiently
in the work environment, CEES is pleased to offer a proficiency programme in basic office skills. The O/A outline maps
closely with the International Association of Administrative Professionals (IAAP) programme content.
CPS 903 Office Technology- $500 CPS 911 Records Management- $200
CPS 910 Managing Physical Resources- $300 CPS 909 Business Communication- $300
CPM 903 Professional Development Seminar- $210
ETHC900 Ethics and Prof. Responsibility- $250
CPS 901 Accounts- $300
CPS 906 Human Resources- $300; WRS 900 Writing and Research Skills- $350
PREREQUISITE: 3 yrs. work experience or an AA Degree in any discipline from an accredited or recognized
college/university with 0 work experience; COMP956 Introduction To Computers, Windows and The Internet- $200
Begins: Spring Day/Time: Sat. 8am-12 N; Weekdays: 6pm 8:50pm Duration:3 TERMS
This programme is offered in conjunction with The Institute of Legal Executives ilexX), Bedford, England.
ILEX qualification routes are vocationally relevant and designed to build and test legal knowledge and understanding at
the paralegal level. Designed to facilitate the training and educational needs of Legal Secretaries, Legal Clerks, Legal
Office Managers, Law Enforcement Officers, Special Assistants to Lawyers, Justices of The Peace, and all persons
interested in acquiring an impressive array of legal office skills, the Certificate in Law qualification is specifically relevant
to The Bahamas legal system. Courses include:
WRS"90 Writing and Research Skills -$350 ETR900 Ethics and Prof. Responsibility- $250
LWRE900 Legal Writing & Research $350 LAW 901 General Legal Principles-$600.00
LAW 900 The Legal Environment -$600.00 CPM 903 Professional Development Seminar- $210
TERM 3 Choose ONE from among the following Option/Concentration Courses
(. Option Courses are subject to change)
LAW 903 Company Law- $600 LAW 906 Law of Mortgages- $600
LAW 905 Employment Law- $600 LAW 947 Law Office Management- $600
LAW 907 Nature and Role of Criminal Law- $600 LAW 936 Law of the Sea- $600
PREREQUISITE: AA Degree and 3 years work experience;
COMP956 Intro. To Computers, Windows & The Internet- $200
Begins: Spring and Fall Day/Time: Sat. 8am 12:15pm Duration: 3 TERMS
This programme of study is designed to equip students with the skills necessary to successfully sit the international A+
Microsoft Certification Examination. Techniques to identify and rectify mechanical problems related to the personal
computer are explored. It is a hands-on learning experience with lab exercises that help the student to apply theory to
TERM 1: COMP 954 Software- $510 TERM 2: COMP 955 Hardware- $510
PREREQUISITE: COMP956 Introduction To Computers, Windows and The Internet- $200
Begins: Per Demand Day/Time: Sat. 8:00am-12:15pm Duration: 2 TERMS
CERTIFIED COMPUTER OPERATOR (Microsoft Office Specialist (MOS)
This course of study is designed to train students how to master Microsoft Word, Microsoft Excel, Microsoft Access,
Microsoft Outlook, and PowerPoint. To help the student to develop navigation and design skills, the instructor provides
easy to understand notes and conducts live demonstrations on how to manipulate the entire MS Office Suite. Upon
successful completion of the external international examinations, the Microsoft Office Specialist (MOS) Certification is
awarded. The programme comprises five Modules and two companion courses:
COM~9 06 Microsoft Office Specialist ETR~C9 Ethics & Profes. Responsibility- $250 (Optional)
Microsoft Word, Microsoft Access CPM 903 Professional Development Seminar- $210
Microsoft Excel, Microsoft PowerPoint TERM 3
Microsoft Outlook 01WP906 Microsoft Office Specialist
WRS 900 Writing and Research Skills- $350 (Optional). CPM 903 Professional Development Seminar- $210
NOTE: COMP906 is offered in Spring, Summer and Fall terms. Students are free to select the term of study.
PREREQUISITE: COMP956 Introduction To Computers, Windows and The Internet- $200
Begins: Spring and Fall Day/Time: Sat. 8:00am-12:15pm Duration: 3 TERMS
The Co!!ege of The Bahamas is pleased to offer the New CPA Computer Based Test (CBT). Besides the obvious transition
from a pencil-and-paper exam to a computer-based test, the revised CPA Exam will also contain a new content focus -
broadening the scope of audit and attest areas and incorporating the assessment of critical skills, such as research and
communication. The new exam also has increased emphasis on general business knowledge and information technology.
Students may sit the final exams under the United States CPA Board for which they have qualified.
CPA 900 Financial Reporting- $650 CPA' 901 Accounting & Reporting/Regulation- $520
CPA 902 Law/Business Law- $465 CPA 903 Auditing/Auditing and Attestation- $465
Prerequisite: A BA Degree from an accredited or recognized college/university in any discipline with at least 21
credit hours in accounting.
Begins: Spring and Fall Day/Time: Sat. 8:30am 5:30pm Duration: 12 Weeks

This nine months programme is designed for those individuals seeking professional development and aspiring to rise through
the ranks in the HR field. The programme offers six core courses, two prerequisites, and one compulsory professional
development seminar.
WRS 00 Writing and Research Skills- $350
HRM 900 Intro To HRM Environment- $200 HRM 902 H/R Development & Training-$200
HRM 901 Securing Human Resources- $200 HRM 903 Rewards Compensation and Benefits-$300
WRS 900 Writing and Research Skills- $350
CPM 903 Professional Development Seminar- $210
EFC900 Ethics and Professional Responsibility- $250
HRM 904 Labour Management Relations- $300
HRM 905 Protecting and Evaluating Human Resources- $300
PREREQUISITE: A BA Degree in any discipline from an accredited or recognized college/university or a minimum of 5 years
as a manager, supervisor or trainer; WRS 900 Writing and Research Skills, ETHC900 Ethics and Professional Responsibility,
and COMP956 Introduction To Computers, Windows and The Internet- $200
Begins: Spring and Fall Day/Time: Sat. 8am-12:15pm Duration: 3 TERMS
Supervisors with cutting edge skills know how to accomplish difficult tasks, solve complicated problems and master challenges
in decision making. This programme is aimed at supervisors and middle managers who wish to update their supervisory
skills, or persons who have been promoted and wish to gain additional insight into the world of supervisory management.
This programme entails essential training for persons wishing to become an associate manager.
0CPMT90 Personal Skills- $500 SUPV~00 Supervisory Management (SUPV 1)- $500
WRS 900 Writing and Research Skills- $350 ETHC900 Ethics and Prof. Responsibility- $250
CPS 901 Accounts- $300 CPM 903 Professional Development Seminar- $210
CPFMf2 Interpersonal Skills- $600
PREREQUISITE: 3 or more years experience as a Supervisor/Manager or Trainer and an AA Degree in any discipline from
a recognized or accredited institution; COMP956 Intro. To Computers, Windows and The Internet- $200
Begins: Spring and Fall Day/Time: Sat. 8am-12pm Duration: 3 TERMS
The Certified Professional Secretary (CPS) Review, offered in conjunction with The International Association of Administrative
Professionals (IAAP) is a 9-month course of study designed to prepare administrative professionals and clerical assistants
to write the CPS international exam.
CPS 903 Office Technology- $500 CPS 911 Records Management- $200
CPS 910 Managing Physical Resources- $300 CPS 909 Business Communication- $300
CPM 903 Professional Development Seminar- $210
CPTS1 Accounts- $300 ETHC900 Ethics and Prof. Responsibility- $250
CPS 906 Human Resources- $300 WRS 900 Writing and Research Skills- $350
PREREQUISITE: 4 yrs. Work experience or a BA Degree in any discipline from an accredited or recognized college/university
with 0 work experience; COMP956 Introduction To Computers, Windows and The Internet- $200
Begins: Spring Day/Time: Sat. 8am-12 N; Weekdays: 6pm 8:50pm Duration: 3 TERMS
The Journeyman Plumbing course is designed to assist students preparing to write the Journeyman Plumbing Examination.
Topics include: interpretation of codes, disposal and drainage systems, storm drainage disposal systems, installation of
sanitary fixtures, basic drawings to scale, water supply and distribution, use of materials and tools, repairs and maintenance.
The examination is offered in conjunction with The Ministry of Public Works. At the end of the course, candidates are required
to take one (1) Professional Development Seminar.
TERM 1 TERM 2 (Optional)
7JPIFE 0 Journeyman Plumbing- $800 SUPV900 Supervisory Management- $500
ETHC900 Ethics and Prof. Responsibility- $250 (SUPV900 is available for Plant/Plumbing Supervisors)
CPM 903 Professional Development Seminar- $210
PREREQUISITE: Students should have working knowledge and skills in the following areas: interpretation of codes, disposal
and drainage systems, storm drainage disposal systems, installation of sanitary fixtures, basic drawings to scale, water supply
and distribution, use of materials and tools, repairs and maintenance.
Begins: Spring, Summer or Fall Day/Time: Tuesdays 6pm 9pm Duration: 2 TERMS

This course is designed to strengthen the candidates' understanding of managerial accounting. Managerial accounting
concepts, principles and functions are the main topics covered. The ability to prepare and accurately read a financial
statement/spreadsheet is an essential skill for all professionals and paraprofessionals; CPS901 covers in a very student
friendly way, easy to understand examples that aid the students' learning experience. This course also helps to prepare
candidates to write external examinations.
CPS 901 Accbunts-$300 '
BEGINS: Per demand Day/Time: Sat/Thurs/Tue. 8am-12:15pm OR 6pm 9pm Duration: 10 Weeks
This course examines guidelines for the professional behavior of members of any organisation. A select group of codes of
ethics and ethics cases will be explored to support a theoretical and practical discourse on why the application of ethics
and professional responsibility is important in all aspects of society.
ETHC900 Ethics and Professional Responsibility- $250
PREREQUISITE: COMP956 Introduction To Computers, Windows and The Internet- $200
Begins: Per demand Day/Time: Sat. 8am-12noon OR Thurs/Tue- 6pm 9pm Duration: 8 Weeks
This course is designed to provide mature students with reading, writing, research and critical thinking skills to prepare
them for entry into CEES' professional development programmes. WRS 900 is also structured to provide certification candidates
with the skills necessary to successfully write position and research papers.
WRS 900 Writing and Research Skills $350
PREREQUISITE: COMP956 Introduction To Computers, Windows and The Internet- $200
Begins: Per demand Day/Time: Sat.- 8am-12noon or Thursday/Tue- 6pm 9pm Duration: 8 Weeks
Students will learn writing and research techniques for use in case briefs, legal memoranda, motions and reports. Primary
and secondary source materials will be discussed, and a concise approach to legal research will be presented. American
Psychological Association (APA) and Modern Language Association (MLA) Citation formats will also be covered.
LWRE900 Legal Writing & Research- $350
PREREQUISITE: COMP956 Introduction To Computers, Windows and The Internet- $200
Begins: Spring, Summer & Fall Day/Time: Sat.- 8am-12noon Duration: 8 Weeks

This workshop provides a broad foundation for students so that they will have a greater awareness and confidence using
personal computers. Students will gain practical information and skills, such as what a computer is, how to manage personal
files and folders that they create.
COMP956 Introduction To Computers, Windows and The Internet- $200
Begins: Summer, Spring & Fall Day/Time: Sat.- 8am-12noon Duration: 3 Weeks
This compulsory Seminar addresses important issues that are vital to the adult students' learning experience and is designed
to serve both as a capstone for professional development programmes and as a continuing education activity. It provides
opportunities for additional education points for programme entry, course/ programme completion, as well as recertification.
The Seminar offers two break-out sessions, serving two distinct groups: Part 1- Professional Development candidates: Five
Seminar contact hours plus 3 hours programme closure activity; Part 2- Recertification candidates: Five Seminar contact
hours plus an additional 3 lecture hours of prescribed guided independent study from any professional development course.
CPMP903 Professional Development Seminar $210
Begins: Spring Day: Mainly on Saturdays and per demand Duration: 8 hours
Effective Summer 2005, basic computer and Internet skills will be required of all students. Assessment for exemption from
COMP956 Introduction To Computers, Windows and The Internet will be done via proof of a certificate from an authorized
provider or by taking a prescribed computer skills test to verify competency in Windows and Computers. Students failing
the competency test will be required to take the Introduction to The Internet, Windows and Computers. This Workshop is a
prerequisite for all programmes or single courses.
Please note that fees for external examinations and external registration are not included in the cost of tuition. Be sure to
contact your Advisor on examination dates, venue, costs and related details.
Please bring the following items with you to the advisement/registration session:
1. The first four pages of your Passport. In the case of new Passports, the last page should be copied.
2. Copies of your certificates/licensures and college/university transcripts
3. Where applicable, letters of recommendation, job description, special awards, etc.
Please Note:
* No entrance examination is required for enrollment in professional development courses/programmes.
* Tuition is charged per term; i.e. you will be billed only for courses offered in the current term.
* Non-Bahamians add $50 to each course/workshop/seminar
* At the first class session,ALL students must submit to the Programme Coordinator one copy each of his/her stamped receipts
representing payment for tuition and fees for the current term.
All students applying for International Certification Courses and Programmes that are offered in conjunction with foreign institutions are
required to contact the CEES Office for information on external application and examination fees.
1. COB Registration.. .........................$40.00 (one-time fee)
2. Insurance.................... ... ..... $25.00 (valid for 1 year)
3. ID Card .......................................................... $25.00 (one tim e fee)
4. Technology Fee... .................................. $100
5. Professional Development Seminar................. $210 (one time fee)
6. Books............................................................. .......Please contact COB Bookstore for prices.

7. External Application/Examination Fees............... Each student is required to contact the CEES
Office for information on External Application/Examinaion-ees
Secure Your Seat By Enrolling Todayl
Classes for Spring begin March 10. The deadline for registration is March 15,2007
Call (242) 328-0093/(242) 328-1936. Make the call today! or visit us on Moss Road in Oakes Field.
Fees May Be Paid By Cash, Credit Card, or Bank Certified Cheque To: The College of The Bahamas, Business Office
Cees Reserves The Right To Change Tuition, Fees, Course Content, Course Schedule And Course Materials.


















I -

_ -I I -



Visit our website at www.cob.edu.bs

An International Conference
In Commemoration of the 200'h Anniversary of the abolition
of the Transatlantic Slave Trade
"Abolition of the Trans-Atlantic Slave Trade: Telling the Story"
The College of The Bahamas
November 2-3 2007
Nassau, The Bahamas
Call for Papers
The College of The Bahamas will host the Conference: "Abolition of The Trans-Atlantic
Slave Trade: Telling the Story, November 2-3, 2007 at the Oakes Field Campus, Nassau.
Abstracts of approximately 200 words are invited on the following topics:
* Language and Oppression
* Religion in Slavery: Agent Provocateur or Opiate?
* Slavery and Human Sensibilities
* Power and Enslavement
* Kinship across the Diaspora
* Identity: Culture, Race and Gender
* Enslavement and Liberation: Pedagogy
* Liberation: Ideologies, Contexts and Dynamics
* Liberation: Simple Past or Present Continuous?
Please send abstracts as an attached Word file to Jessica Minnis, Chair of the Conference
Committee at no later than July 2, 2007.
Conference Structure
The conference will feature 20-minute papers from all disciplines, followed by 10-minute
discussions, presented in concurrent and plenary sessions. Panel and poster proposals will
also be considered. Such proposals should be as complete as possible. Artwork and poetry
reflecting the noted topics will be considered for exhibition and expression over the period
of the conference.
Submissions (4 paper copies and 1 electronic copy) should be directed to:
Jessica Minnis
Associate Professor
School of Social Sciences
The College of The Bahamas
Oakes Field Campus
P O Box N4912
Nassau, Bahamas
E-mail: abolitionconf@cob.edu.bs
Deadline for Submission: August 31, 2007.

Accommodation for Non-Resident Delegates
Only private sector accommodation is available. As the island of New Providence is a
major tourist destination and business centre, it offers a variety of accommodations, ranging
from well-kept bed and breakfasts to large luxury properties. Several of the smaller hotels
and bed and breakfasts, moderately priced, are located downtown or in nearby suburban
areas, 15-20 minute walk from the conference venue. A taxi ride takes about five to seven
minutes and costs about $8.00 each way.
As a matter of course, we will assist delegates with hotel reservations and recommends,.
early booking to get the best rates. Names of recommended properties will be posted oh'
the College of The Bahamas website in short order.

Two days: $150:00
Day rate $100:00
Late Registration: $200.00
Student rate: $50.00
Please register by Friday, September 28 to get the standard rate.
Registration will be online at http://www.cob.edu.bs/abolitionconf.php

Presents a Panel Discussion
Perspectives on the Impact of Haitian Migration to The Bahamas
Wednesday, 21st March, 2007 at 7:00pm
The Foyer, Ground Floor
Portia Smith Building
Poinciana Drive
The College of The Bahamas

Mr. Earl Deveaux
Dr. Evelyn McCollin
Dr. Thaddeus McDonald

Mr. Eliezer Regnier
Dr. Keith Tinker

Former Minister and Marketing Director
Lucayan Tropical
Associate Professor History
The College of The Bahamas
Dean, Faculty of Social and
Educational Studies, The College
of The Bahamas
Counsel and Attorney, Notary Public
Director of National Museum of
The Bahamas

Free Admission
Donations to the COB fund gladly accepted
For further information, contact Dr. Evelyn McCollin or Jessica Minnis at
If you're interested in a career in
and would like to learn more about the programmes available,
to an
6.00 p.m.

2 *.l

Prospective Applicants

Master's Degree

i' Program m e

-.:r Master of Science in Early
Childhood and Elementary

Applications for the rwo programmes
;. are now available in
...... ". the Graduate Programmes Office
.;i. Michael Hartley Eldon Complex
Tholmpson Blvd Room 306

in collaboration


Prospective Applicants

Master's Degree


Master of Education in
Educational Administration

At *Applications for the two programmes
are now available in
the Graduate Programmes Office
Michael Hartley Eldon Complex
Thompson Blvd :: Room 306


in collaboration


,s e a ,gob 0

,,,, --




Stocks close

look past sul

I By TIM PARADIS either into the financial sector character:
AP Business Writer or across the entire market." eight mon
He said investors appeared since the w
M NEW YORK (AP) Wall to grow emboldened by the began Fel
Street's recovery from last merger deals announced Mon- much mo
month's plunge gained day. Technology shares also investors
momentum Monday, rising as received a boost ahead of a where the
fivestors looked past widen- midquarter update from Texas but Mond;
iag cracks in the subprime Instruments Inc., which tight- reflected
ending sector and bought in ened its financial targets after Wall Strec
lsponse to another parade of the closing bell Monday. footing. In
acquisitionn deals. The Dow Jones industrial ing to ecol
: New Century Financial average rose 42.30, or 0.34 per week on rc
Corp.'s warning that its lenders cent, to 12.318.62. tion and a
glad suspended financing ini- Broader stock indicators also brokerage
Bally overshadowed acquisi- rose. The Standard & Poor's
lon news involving companies 500 index advanced 3.75, or r
Such as Dollar General Corp. 0.27 per cent, to 1,406.60, and
and Schering-Plough Inc the Nasdaq composite index The da
vestors have dealt with con- rose 14.74, or 0.62 per cent, to offered sup
lerns that a blowup among 2,402.29. the din ov
companies making loans to Bonds rose amid concerns The conce
consumers with poor credit about subprime lenders; the prime sect
gould spill into other indus- yield on the benchmark 10- tively succ
*ries. year Treasury note fell to 4.56 Street. Sto
: "The market actually has per cent from 4.59 per cent late last week
handled the cutoff by financing Friday. The dollar was mixed markets r
Firms to New Century in a fair- against other major currencies, some sense
;y decent way," said Frederic while gold prices fell. ing the sha
)ickson, market strategist and Light, sweet crude settled month. C(
director of retail research at down $1.14 to $58.91 per barrel prime lenc
3).A. Davidson & Co. "While on the New York Mercantile weighed o
:here are some subprime jit- Exchange. Monday's trading New C
lers it hasn't spilled broadly saw the low volatility that has Corp. war

.Bahamas to present di

FROM page 1B Mr Major described the EPA talks
as critical for thie Bahamas' chief export
a industries and.companies, such as Bac-
ardi, Paradise Fisheries and other
chis nation at the Barbados meeting of seafood companies, and Polymers
CARIFORUM's technical working International, who all need to main-
group. tain their preferential, duty free access
CARIFORUM is the entity that is to EU markets to ensure their goods
representing the Bahamas, other remain competitive.
,CARICOM nations and the Domini- "The EPA discussions, which are
,can Republic in the EPA talks, and ongoing, are a critical negotiation, par-
the Government has already said the ticularly for the exporters," Mr Major
'Bahamas would negotiate with the EU said. "When you look at most of the
as part of this bloc. key stakeholders the Bacardis, the
l Mr Major;whoashead-of-the Chamn- ,.-apradise ijsherie, the Polymers they
ber of Commerce's trade liberalisation are some of the key exporters export-
committee will be attending the Bar- ing significantly to the EU.
kados meeting himself, said: "We have "When you look at our level of for-
orepresentatives who will be attending eign direct investment, and what this
.the upcoming technical working group means for people looking for new
Meeting in Barbados on market access, opportunities in the Bahamas, how do
"services and investments. We will be we position ourselves for members of
partnering with the Ministry of For- the European Union? How are we
Reign Affairs in that regard. positioned for market access, stability
"At the moment, the position is that in securing their investments?
the Bahamas will be preparing its sub- "From our side, we're talking about
missions to the RNM [CARICOM reciprocity, so we want similar treat-
Regional Negotiating Machinery], ment in terms of market access to the
:which they are in the process of doing." EU, so there are ongoing benefits for
SMr Major will be accompanied at the Bahamas in that regard as well."
Athe Barbados meeting by Hank Fer- Mr Major said the Chamber and oth-
Aguson, the head of the Chamber's er organizations "would ensure the pri-
,Taskforce on Trade Negotiations, and vate sector has taken a much firmer
-Yvette Sands of Bacardi. position in leading the charge" on trade
- Once there, they will get a first look negotiations, "and making sure the
tat the Bahamas' draft offer to the EU, interests of the private sector are
,and the offers submitted by other addressed".
SCaribbean nations. The EPA is intended to come into

higher as investors

)rime lender woes

zed much of the last
iths. Many sessions
worldwide selloff that
>ruary 27 have seen
ire choppiness as
hunted for signs of
market was headed,
ay's trading perhaps
a further sense that
et had regained its
vestors will be look-
nomic data due this
detail sales and infla-
it earnings news as
s announce results.
y's buyout news
)port for stocks amid
er subprime lenders.
:rns about the sub-
or followed a rela-
essful week on Wall
cks etched out gains
U.S. and overseas
managed to regain
e of stability follow-
arp pullback late last
concerns about sub-
ders remained still
n investors.
century Financial
ned Monday in a fil-

ing with the Securities and
Exchange Commission that all
its lenders had cut off short-
term funding or announced
plans to do so after the sub-
prime mortgage lender wasn't
able to make payments. New
Century, which relies on short-
term borrowings to finance
mortgage loan originations and
purchases, said it would need
about $8.4 billion should it be
forced to repurchase all out-
standing mortgage loans. The
company said it doesn't have
sufficient liquidity to meet its
obligations for repurchasing
Trading in New Century
shares remained halted with
news pending for the entire
session Monday. The New
York Stock Exchange said it
is reviewing the listing status
of New Century shares.
Other subprime lenders fell
sharply. Fremont General fell
$1.30, or 16.2 per cent, to $6.73,
while Novastar Financial Inc.
fell $1, or 19.1 per cent, to
Homebuilders also fell in
part amid concerns that tight-
ening credit standards would

make it harder for consumers
with lower incomes or spotty
credit to purchase homes. Hov-
nanian Enterprises Inc. fell
$1.75, or six per cent, to $27.59,
while Pulte Homes Inc. fell
$1.38, or 4.8 per cent, to $27.38.
In other corporate news,
word that private-equity com-
pany Kohlberg Kravis Roberts
& Co. struck a deal to acquire
Dollar General for about $6.87
billion sent the discount retail-
er sharply higher. Dollar Gen-
eral jumped $4.29, or 25.6 per
cent, to $21.07 well past the
stock's 52-week high of $18.32.
Schering-Plough fell rose 10
Scents to $23.95 after agreeing
to purchase the Organon Bio-
Sciences BV pharmaceuticals
business of Akzo Nobel NV,
the Dutch maker of chemicals
and coatings, for $14.5 billion.
Akzo climbed $10.02, or 16.5
per cent, to $70.83.
Health insurer UnitedHealth
Group Inc. announced plans
to acquire Sierra Health Ser-
vices Inc., which provides
health care services, for about
$2.6 billion. Sierra Health rose
$5.67, or 15.8 per cent, to
$41.57, while UnitedHealth

advanced 27 cents to $53.27.
Procter & Gamble Co., the
consumer products company,
said it struck a deal to sell its
Western European tissue and
towel business to SCA, which
makes paper and other prod-
ucts, for about $671.9 million.
P&G, one of the 30 stocks that
makes up the Dow industrials,
fell seven cents to $62.09.
Advancing issues outnum-
bered decliners by about two
to one on the NYSE, where
volume came to 2.62 billion
shares, compared with 2.59 bil-
lion shares billion Friday.
The Russell 2000 index of
smaller companies rose 3.88,
or 0.49 per cent, to 789.00.
Overseas, Japan's Nikkei
stock average rose 0.75 per
cent, Hong Kong's Hang Seng
index added 1.61 per cent and
the Shanghai Composite Index
added 0.58 per cent. Britain's
FTSE 100 closed down 0.19
per cent, Germany's DAX
index fell 0.02 per cent, and
France's CAC-40 fell 0.75 per

'aft EPA offer at Barbados meeting

v~' /


(FILE photo)

being on January 1, 2008, replacing the
Cotonou Agreement which currently
governs trade between the EU and the
Bahamas and 76 other nations who are
members of the African, Caribbean
and Pacific (ACP) groups.
The EPA is necessary because Coto-
nou is not in compliance with World
Trade Organisation (WTO) rules, as
its trade benefits and preferences all
flow one way in favour of the
Bahamas and other CARICOM
nations. In addition, the ACP group
receives benefits other countries do
not, making Cotonou discriminatory

under WTO rules.
Through the EPA, the Bahamas will
be exposed for the first time to a two-
way trading relationship or reciprocity,
where this nation will have to allow
EU companies and imports the same
benefits as European countries pro-
vide to this nation's exporters, chiefly
Bacardi rum, crawfish and seafoods,
and Polymers International.
If Bacardi's exports were submitted
to a $5 per gallon customs tax by the
EU, they would become uncompeti-
tive, a situation the company has
warned would cause it to shift produc-
tion elsewhere and close its Bahamian
plant, costing at a minimum more than
$13 million in excise taxes and 180
Bahamian jobs.
Polymers is understood to export
about $7 million per year, or $500,000
worth of goods per month, to the EU,
while seafood exports total $35 mil-
lion. Both would become uncompeti-
tive if EU duties were applied.
The Bahamas exported $66.315 mil-
lion worth of goods to the EU in 2004,
and imported $42.93 million, and has
already made one decision to protect
its exporters and favourable $20 million
trade balance by signing up to the
CARIFORUM offer, and trade-off the
loss of $10-$14 million in taxes imposed
on EU goods per annum.
The technical working group is due
to meet the EU for negotiations in
Brussels later this month, following
the Barbados meeting.

Yet the Bahamas could be forced to
decide over further trade-offs, such as
whether to protect its financial services
industry or exporters, as the EU is like-
ly to try to use the talks to force this
nation into the EU Savings Tax Direc-
tive and more tax information
exchange agreements.
The Bahamas Financial Services
Board (BFSB) held a conference call
with the CRNM last week to see
whether the EPA was likely to impact
the industry.
Wendy Warren, the BFSB's execu-
tive director and chief executive, told
The Tribune that it was too early to
tell whether the EPA would impact
the industry, adding that it could pro-
vide new opportunities as well as con-
She said the BFSB had sent out an
invitation three to four weeks ago for
members to join a sub-committee
analysing trade and the EPA, and it
was still in the process of gathering
information on the latter and assessing
what stage negotiations had reached.
"BFSB indicated very early on that
this is something we would be follow-
ing," Ms Warren said of the EPA. "We
look forward to further discussions
with the Government and the CRNM.
It's something we're looking into at
this stage.
"We're trying to gather as much
information as possible, so we have
the data to analyse. We're beginning
our work."

The incumbent will have overall responsibility for the efficient operation
and maintenance of equipment and machinery, with a keen focus on detail
in keeping with international standards. He/she will also be customer oriented
with a track record of mastery in mechanical areas. Specifically he/she will
be required to:

> Ensure the effective and efficient performance of the maintenance
function for the following assets:
Building and the environment
Packaging lines and blow molding operations
Utilities supplies: Electrical distribution, high and low pressure
air, refrigeration and RO water systems

SManage the workshop and the execution of planned and preventative
maintenance program
SDiagnose equipment malfunction and remove, install or effect repairs
as necessary
> Evaluate the maintenance performance in his/her area of responsibility,
compile reports and effectively use performance data
> Maintain technical integrity of plant to attain production targets and
keep abreast with latest technological advancements

Ideal candidate would have strong Electrical & Mechanical Engineering
experience, demonstrate a proficiency to trouble shoot and repair common
electrical problems and have the ability to work independently.

Please send resume to:

i i .*v i. ~,'sources Mlanager
P.O. BOX N-3207
DA 16436





Insurance Brokers & Benefit Consultants Ltd.


Insurance Brokers & Benefit Consultants Ltd.


on Thursday, March 15th and

Friday, March 16th

for Staff Training and Fun Day.

Our office will re-open on

Monday, March 19th.

We apologize for any inconvenience caused.

12 Montrose Ave.

P.O. Box EE 15280

Phone: (242) 325-0850 Fax: (242) 326-8024
F-Mail: info(~lampkinco.com
.:- ix~~~~~~ ,'Lt;,. l~x' m-


_ __~____



FrAGE 10B, TUESDAY, MARCH 13, 2007



TUESDAY, MARCH 13,2007, PAGE 118

FirstCaribbean International Finance Corporation (Bahamas) Limited

Balance Sheet
As of October 31, 2006
(Expressed in thousands of Bahamian dollars)


Cash and balances with the Central Bank
Loans and advances to banks
Other assets
Investment securities
Loans and advances to customers
Property, plant and equipment

Total assets

Customer deposits
Other liabilities
Total liabilities

Share capital and reserve
Retained earnings

Total equity

Total liabilities and equity

4 and 12
7 and 12



4,336 4,336
12,640 21,654
1,095 784
2,182 2,533
120,761 117,027
6 10

141,020 146.344

9 and 12 115,245 128,620
10 2.009 2.043
117,254 130.663

11 1,784 1,000
21.982 14.681

23.766 15.681
141.020 146,344

Approved by the Board of Directors on December 13,2006 and signed on its behalf by:



Notes to Financial Statements

1. General Information

FirstCaribbean International Finance Corporation (Bahamas) Limited, formerly Barclays
Finance Corporation (Bahamas) Limited (the "Bank") is incorporated in the Commonwealth
of The Bahamas and is a wholly-owned subsidiary of FirstCaribbean International Bank
(Bahamas) Limited (the "Parent"). The Bank's principal activities are the acceptance of
deposits and granting of mortgage loans within the Commonwealth of The Bahamas.

The Bank changed its name to FirstCaribbean International Finance Corporation (Bahamas)
Limited on October 11, 2002, following the combination of the retail, corporate and offshore
banking operations of Barclays Bank PLC in The Bahamas and the Turks and Caicos Islands
("Barclays Bahamas") and CIBC Bahamas Limited.

The Parent is a subsidiary of FirstCaribbean International Bank Limited, ("FCIB") formerly
CIBC West- Indies Holdings Limited, a company incorporated in Barbados. The ultimate
parent companies of the Bank are Canadian Imperial Bank of Commerce (CIBC") a
company incorporated in Canada, and Barclays Bank PLC ("Barclays"), a company
incorporated in England. In March 2006, CIBC and Barclays signed a non-binding Letter of
Intent for the acquisition by CIBC of Barclays' 43.7% ownership stake in FCIB. Upon
completion of the transaction, CIBC would own 87.4% ofFCIB.

The registered head office of the Company is located at the FirstCaribbean Financial Centre,
2"d Floor Shirley Street, Nassau, The Bahamas. At October 31, 2006 the Bank had 11
employees (2005 -15).

S2. Summary of Significant Accounting Policies

2.1 Basis of presentation

This balance sheet is prepared in accordance with International Financial Reporting
Standards (IFRS) under the historical cost convention as modified by the revaluation of
financial assets and financial liabilities at fair value through the profit and loss.

The preparation of the balance sheet in conformity with IFRS requires management to
make certain critical estimates and assumptions that affect amounts reported in the
balance sheet and accompanying notes. Actual results could differ from these
estimates. The areas requiring a higher degree of judgement or complexity, or areas
where assumptions and estimates are significant to the financial statements, are
disclosed in Note 15.

The following new standards and amendments to standards are mandatory for the
Bank's accounting periods beginning on or after November 1, 2005. Management
assessed the relevance of these new standards and amendments and concluded that the
adoption did not result in substantial changes to the Bank's accounting policies. In

IAS 8, 10, 16, and 32 had no material effect on the Bank's policies.
IAS 24 has affected the identification of related parties and some other related party
IAS 39 (revised 2004) has affected the investment securities for disclosure.

All changes in accounting policies have been made in accordance with the transition
provisions in the respective standards. All standards adopted by the Bank require
retrospective application other than:

IAS 39 the de-recognition of financial assets is applied prospectively.

Certain new standards, interpretations and amendments to existing standards have been
published that are mandatory for the Bank's accounting periods beginning on or after
November 1, 2006 or later periods but which the Bank has not early adopted, as

IAS 39 (Amendment), The Fair Value Option (effective from January 1, 2006).
This amendment changes the definition of the financial instruments classified at fair
value through the profit and loss and restricts the ability to designate financial
instruments as part of this category. The Bank believes that this amendment should
not have a significant impact on the classification of financial instruments, as the
Bank does not presently hold any financial instruments classified at fair value
through the profit and loss.

IFRS 7, Financial Instruments: Disclosures, and a complementary amendment to
IAS 1, Presentation of Financial Statements Capital Disclosures (effective from
January 1, 2007). IFRS 7 introduces new disclosures to improve the information
about financial instruments. It requires the disclosure of qualitative and quantitative
information about exposure to risk arising from financial instruments, including
specified minimum disclosures about credit risk, liquidity risk and market risk,
including sensitivity analysis to market risk.

It replaces IAS 30, Disclosures in the Financial Statements of Banks and Similar
Financial Institutions, and disclosure requirements in IAS 32, Financial
Instruments: Disclosure and Presentation. It is applicable to all entities that report
under IFRS. The amendment to IAS 1 introduces disclosures about the level of an
entity's capital and how it manages capital. The Bank assessed the impact of IFRS
7 and the amendment to IAS 1 and concluded that the main additional disclosures
will be sensitivity analysis to market risk and the capital disclosures required by the
amendment to IAS 1.

2.2 Segment reporting

A business segment is a group of assets and operations engaged in providing products
and services that are subject to risks and returns that are different from those of other
business segments. A geographical segment is engaged in providing products or
services within a particular economic environment that are subject to risks and returns
that are different from those of segments operating in other economic environments.
The Bank operates in only one business segment and only within The Bahamas.

2.3 Financial assets

The Bank classifies its financial assets as loans and receivables. Management
determines the classification of its investments at initial recognition. Loans and
receivables are non-derivative financial assets with fixed or determinable payments that
are not quoted in an active market. They arise when the Bank provides money, goods
or services directly or indirectly to a debtor with no intention of trading the receivable.
Loans and receivables are recognized when cash is advanced to borrowers.

Loans and receivables are carried at amortized cost using the effective interest yield
method, less any provision for impairment. Third party expenses associated with loans
and receivables, such as legal fees, incurred in securing a loan are expensed as incurred.

2.4 Offsetting financial instruments

Financial assets and liabilities are offset and the net amount reported in the balance
sheet when there is a legally enforceable right to offset the recognized amounts and
there is an intention to settle on a net basis, or realize the asset and settle the liability

2.5 Impairment of financial assets

The Bank assesses at each balance sheet date whether there is objective evidence that a
financial asset or group of financial assets is impaired. A financial asset or a group of
financial assets is impaired and impairment losses are incurred if, and only if, there is
objective evidence of impairment as a result of one or more events that occurred after
the initial recognition of the asset (a 'loss event') and that loss event (or events) has an
impact on the future cash flows of the financial asset or group of financial assets that
can be reliably estimated. Objective evidence that a financial asset or group of
financial assets is impaired includes observable data that comes to the attention of the
Bank about the following loss events:

i) significant financial difficulty of the issuer or obligor;
ii) a breach of contract, such as a default or delinquency in interest or principal
iii) the Bank granting to a borrower, for economic or legal reasons relating to the
borrower's financial difficulty, a concession that the lender would not otherwise
iv) it becoming probable that the borrower will enter bankruptcy or other financial
v) the disappearance of an active market for that financial asset because of financial
difficulties; or
vi) observable data indicating that there is a measurable decrease in the estimated
future cash flows from a group of financial assets since the initial recognition of
those assets, although the decrease cannot yet be identified with the individual
financial assets in the group, including:
adverse changes in the payment status of borrowers in the group; or
national or local economic conditions that correlate with default on the assets in
the group.

If there is objective evidence that an impairment loss on loans and receivables has been
incurred, the amount of the loss is measured as the difference between the carrying
amount and the recoverable amount, being the estimated present value of expected cash
flows, including amounts recoverable from guarantees and collateral, discounted based
on the current effective interest rate.

When a loan is uncollectible, it is written off against the related provision for
impairment; subsequent recoveries are credited to the provision for credit losses. If the
amount of the impairment subsequently decreases due to an event occurring after the
write-down, the release of the provision is credited to the provision for credit losses in
the income statement.

In circumstances where Central Bank guidelines and regulatory rules require provisions
in excess of those calculated under IFRS, the. difference is accounted for as an
appropriation of retained earnings and is included in a non-distributable banking

2.6 Property, plant and equipment

All property, plant and equipment is stated at historical cost less accumulated
depreciation. Historical cost includes expenditure that is directly attributable to the
acquisition of the items.

Subsequent costs are included in the asset's carrying amount or are recognized as a
separate asset, as appropriate, only when it is probable that future economic benefits
associated with the item will flow to the Bank and the cost of the item can be measured

Assets that are subject to depreciation are reviewed for impairment whenever events or
changes in circumstances indicate that the carrying amount may not be recoverable.
Where the carrying amount of an asset is greater than its estimated recoverable amount,
it is written down immediately to its recoverable amount. The asset's recoverable
amount is the higher of the asset's fair value less costs to sell and the value in use.

2.7 Cash and cash equivalents

Cash and cash equivalents comprise balances with less than 90 days or less to maturity
from the date of acquisition including cash balances, non-restricted deposits with the
Central Bank, treasury bills and other money market placements.

2.8 Provisions

Provisions are recognized when the Bank has a present legal or constructive obligation
as a result of past events, it is more than likely that an outflow of resources embodying
ecoriomic benefits will be required to settle the obligation, and a reliable estimate.of the
amount of the obligation can be made.

2.9 Share capital

Shares issued for cash are accounted for at the issue price less any transaction costs
associated with the issue.

2.10 Comparatives

Where necessary, comparative figures have been adjusted to comply with changes in
presentation in the current year as noted in accounting policy 2.1.

3. Cash and Balances with the Central Bank

Deposits with the Central Bank non-interest bearing
Less: Mandatory reserve deposits with the Central

Included in cash and cash equivalents as per below





(2,945) (3,790)

1,391 546

Mandatory reserve deposits with the Central Bank represent the Bank's regulatory
requirement to maintain a percentage of deposit liabilities as cash or deposits with The
Central Bank. These funds are not available to finance the Bank's day-to-day operations
and as such, are excluded from cash resources to arrive at cash and cash equivalents.

Cash and cash equivalents:


Cash and balances with the Central Bank, as per above
Loans and advances to banks (Note 4)


1,391 546
12,640 21,654

14,031 22,200




4. Loans and Advances to Banks


Loans and advances to banks
Add: Accrued interest receivable

Included in cash and cash equivalents (Note 3)


12,359 21,474
281 180

12,640 21,654

The effective yield on these amounts during the year was 0.6% (2005 0.5%).

5. Other Assets


Prepayments and deferred items
Other accounts receivable


15 15
1,080 769

1,095 784

6. Investment Securities


Loans and receivables

Issued or guaranteed by The Bahamas Government
-Debt securities

Total loans and receivables
Add: Interest receivable

Total investment securities


2,139 2,439

2,139 2,439
43 94

2,182 2,533

The effective yield during the year on debt securities was 6.8% (2005 6.6%). The Bank has
a regulatory reserve requirement to maintain a percentage of deposit liabilities in cash or in
the form of Government securities. At October 31, 2006 the reserve requirement amounted
to $2,945 (2005 $3,790) of which $2,945 (2005 $3,790) is included within cash and
balances with the Central Bank (Note 3). *

The movement in investment securities may be summarised as follows:

Loans and receivables
Balance, beginning of year
Disposals (sale andredemption)

Balance, end of year

7. Loans and Advances to Castomers



2,439 2,518
(300) (79)

2,139 2,439


Personal loans

Add: Interest receivable
Less: Provisions for impairment

Movement in provisions for impairment is as follows:

Balance, October 31, 2004
Release of provision for loan impairment loss/(Doubtful debt
Bad debts written off

Balance, October 31, 2005
Release of provision for loan impairment loss/(Doubtful debt
Bad debts written-off

Balance, October 31, 2006




124,241 122,413
365 422
(3,845) (5,808)

120,761 117,027

credit Inherent
risk risk
provision provision

(5,667) (231)

105 (18)

(5,559) (249)

1,978 (17)

(3,579) (266)

The average interest yield during the year on loans and advances was 8.4% (2005 8.1%).
Impaired loans as at October 31, 2006 amounted to $17,519 (2005 $21,050).

Property, Plant and Equipment

and vehicles

Balance, beginning of year

Balance, end of year

V Accumulated depreciation
Balance, beginning of year

Balance, end of year

Net book value, end of year

and vehicles


242 242

232 227
4 5

236 232

6 10

9. Customer Deposits


Business and Governments

Add: Interest payable

Payable at
a fixed






8 113,656 113,664 126,617
- 1,581 1,581 2,003

8 115,237 115,245 128,620

The effective rate of interest on deposits during the year was 3.8% (2005 4.2 %).

10. Other Liabilities


Accounts payable and accruals
Deferred loan commitment fees


148 143
1,861 1,900

2,009 2,043

11. Share Capital and Reserve


Share capital

Statutory loan loss reserve

Total share capital and reserve


1,000 1,000


1,784 1,000

The Bank has authorised, issued and fully paid 200,000 ordinary shares with a par value of
$5 each amounting $1,000.

The movements in the reserve were as follows:


Statutory loan loss reserve
Balance, beginning of year
Transfers from retained earnings




Balance, end of year

Banking Regulations of The Central Bank of The Bahamas require a general provision in
respect of the performing loans of at least one percent of these loans. To the extent the.
inherent risk provision for loans and advances to customers is less than this amount, a
statutory loan loss reserve has been established and the required additional amount has been
appropriated from retained earnings, in accordance with IFRS.

12. Related Party Balances

The Bank's sole shareholder is FirstCaribbean International Bank (Bahamas) Limited, which
is itself owned 95.2% by FCIB. The remaining shares are widely held.

A number of banking transactions are entered into with related parties in the normal course
of business. Outstanding balances at year end, and related expense and income for the year,
not disclosed elsewhere in the notes to these financial statements are as follows:

Directors and key
management personnel
2006 2005

Key related party balances and

Loans and advances to banks
Loans and advances to customers
Customer deposits

Shareholder bank
2006 2005





13. Commitments and Contingencies .

At the balance sheet date the following commitments exist:


Loan commitments


10,373 1,738

The Bank is the subject of legal actions arising in the normal course of business.
Management considers that the liability, if any, of these actions would not be material.

14. Financial Risk Management

A. Strategy in using financial instruments

By its nature the Bank's activities are principally related to the use of financial
instruments. The Bank accepts deposits from customers at both fixed and floating rates
and for various periods and seeks to earn above average interest margins by investing
these funds in high quality assets. The Bank seeks to increase these margins by
consolidating short-term funds and lending for longer periods at higher rates whilst
maintaining sufficient liquidity to meet all claims that might fall due.

B. Credit risk

The Bank takes on exposure to credit risk which is the risk that a counter party will be
unable to pay amounts in full when due. The Bank structures the levels of credit risk it
undertakes by placing limits on the amount of risk accepted in relation to one borrower,
or group of borrowers. Such risks are monitored on a revolving basis and subject to an
annual or more frequent review:

Exposure to credit risk is managed through regular analysis of the ability of borrowers
and potential borrowers to meet interest and capital repayment obligations and by
changing these lending limits where appropriate. Exposure to credit risk is managed in
part by obtaining collateral and corporate and personal guarantees.

Cash resources and due from banks include $12,359 (2005 $21,474) placed with the
Parent. Other than these amounts there is no other concentration of credit risk.

Commitments to extend credit represent unused portions of. authorizations to extend
credit in the form of loans. With respect to credit risk on commitments to extend credit,
the Bank is potentially exposed to loss in an amount equal to the total unused
commitments. However, the likely amount of loss is less than the total unused
commitments since most commitments to extend credit are contingent upon customers
maintaining specific credit standards. The Bank monitors the term of maturity of credit
commitments because longer-term commitments generally have a greater degree of credit
risk than shorter-term commitments.

C. Geographical concentration of assets, liabilities and off-balance sheet items

The Bank operates only in The Bahamas and therefore its geographic sector risk
concentrations within the customer loan portfolio are in The Bahamas.

D. Currency risk

The Bank operates in Bahamian currency only.

E. Cash flow and fair value interest rate risk

Cash flow interest rate risk is the risk that the future cash flows of a financial instrument
will fluctuate because of changes in market interest, rates. Fair value interest rate risk is
the risk that the value of a financial instrument will fluctuate because of changes ir
market interest rates. The Bank takes on exposure to the effects of fluctuations in the
prevailing levels of market interest rates on both its fair value and cash flow risks.
Interest margins may increase as a result of such changes but may reduce or create losses
in the event that unexpected movements arise. Limits are set on the level of mismatch of
interest rate repricing that may be undertaken, which are monitored on an ongoing basis.

Expected repricing and maturity dates do not differ significantly from the contract dates,
except for the maturity of deposits up to one month, which represent balances on current
accounts considered by the Bank as a relatively stable core source of funding of its



: I
















- I



F. Liquidity risk

The Bank is exposed to daily calls on its available cash resources from overnight
deposits, current accounts, maturing deposits and loan draw downs. The Bank does not
maintain cash resources to meet all of these needs as experience shows that a minimum
level of reinvestment of maturing funds can be predicted with a high level of certainty.
The Board sets limits on the minimum proportion of maturing funds available to meet
such calls and on the minimum level of interbank and other borrowing facilities that
should be in place to cover withdrawals at unexpected levels of demand.

The table below analysis assets, liabilities and credit commitments of the Bank into
relevant maturity groupings based on the remaining period at balance sheet date to the
contractual maturity date.

Maturities of assets and liabilities

October 31, 2006

Cash and balances with the Central
Loans and advances to banks
Other assets
Investment securities
Loans and advances to customers
Property, plant and equipment

Total assets

Customer deposits
Other liabilities

Total liabilities

Net on balance sheet position

Credit commitments

October 31, 2005

Total assets
Total liabilities

Net on balance sheet position

Credit commitments





5,362 25,348

Over 5




20,319 5,362 25,980 89,359 141,020

93,116 22,126 3 115,245
244 288 1,045 432 2,009

93,360 22,414 1,048 432 117,254

(73,041) (17,052) 24,932 88,927 23,766

10,373 10,373

0-3 3-12, 1-5 Over 5
months months years years Total
$ $ $ $
26,642 5,314 26,032 88,356 146,344
83,323 45,430 1,286 624 1.30,663

(56,681) (40,116) 24,746 87,732 15,681

435 1,303 1,738

The matching and controlled mismatching of the maturities and interest rates of assets
and liabilities is fundamental to the management of the Bank. It is unusual for banks ever
to be completely matched since business transacted is often of uncertain term and
different types. An unmatched position potentially enhances profitability, but also
increases the risk of losses.

The maturities of assets and liabilities and the ability to replace, at an acceptable cost,
interest-bearing liabilities as they mature, are important factors in assessing the liquidity
of the Bank and its exposure to changes in interest rates and exchange rates.

The total outstanding contractual amount of commitments to extend credit does not
necessarily represent future cash requirements, since many of these commitments will
expire or terminate without being funded.

G. Fair values of financial assets and liabilities
The carrying value of financial assets and liabilities approximates the fair value.

Loans and advances to banks

Loans and advances to banks include inter-bank placements and items in the course of
collection. The fair value of floating rate placements and overnight deposits is their
carrying amount. The estimated fair value of fixed interest bearing deposits approximate
their carrying values.

Loans and advances to customers

The'estimated fair value of loans and advances represents the discounted amount of
estimated future cash flows expected to be received. Expected cash flows are discounted
at current market rates to determine fair value. The balances are net of specific and other
provisions for impairment. The fair value of loans and advances to customers is $121,635

Investment securities

Fair value for investments designated as loans and receivables is based on market prices
or broker/deale price quotations. Where this information is not available these securities
are carried at cost less impairment. The estimated fair value of investment securities
approximate their carrying value.

Customer deposits

The estimated fair value of deposits with no stated maturity, which includes non-interest-
bearing deposits, is the amount repayable on demand. The estimated fair value of fixed
interest bearing deposits and other borrowings without quoted market price is based on
discounted cash flows using interest rates for new debts with similar remaining maturity.
The estimated fair value of fixed interest bearing deposits approximate their carrying

15. Critical Accounting Estimates and Judgements in Applying Accounting Policies

Estimates and judgements are continually evaluated and are based on historical experience
and other factors, including expectations of future events that are believed to be reasonable
under the circumstances. The estimates and judgements that have a significant risk of
causing material adjustments to the carrying amounts of assets and liabilities within the next
financial year are discussed below.


i) Impairment losses on loans and advances

The Bank reviews its loan portfolios to assess impairment at least on a quarterly
basis. In determining whether an impairment loss should be recorded in the income
statement, the Bank makes judgements as to whether there is any observable data
indicating that there is a measurable decrease in the estimated future cash flows from
a portfolio of loans before the decrease can be identified with an individual loan in
that portfolio. This evidence may include observable data indicating that there has
been an adverse change in the payment status of borrowers in a group, or national or
local economic conditions that correlate with defaults on assets in the group.
Management uses estimates based on historical loss experience for assets with credit
risk characteristics and objective evidence of impairment similar to those in the
portfolio when scheduling its future cash flows. The methodology and assumptions
used for estimating both the amount and timing of future cash flows are reviewed
regularly to reduce any differences between loss estimates and actual loss experience.

ii) Loan fee recognition estimate

The Bank's current processes and information technology systems do not support the
treatment of loan fee income and the related direct costs as an adjustment to the
effective interest rate and deferral. As a consequence, management has to estimate
the effect of this treatment.

In accordance with IAS 18 Revenue, loan origination fees, relating to loans that have a high
probability of being drawn down, are to be deferred (together with related direct costs) and
recognized as an adjustment to the effective interest yield on the loan. This accounting
treatment was not applied in the past as previous estimations indicated the adjustment to be
immaterial. This year management has estimated the impact using the last four year's
historical data along with certain key assumptions about the maturity profile of the loan
portfolio prior to 2004 and the level of fees booked prior to 2002.

The recording of this impact has been applied retrospectively, and the comparative balance
sheet for 2005 have been restated. The effect is tabulated below. Opening retained earnings
as of November 1, 2004 has been reduced by $2,014 thousand, which is the amount of the
adjustment relating to periods prior to fiscal 2005.


The effect on the balance sheet for 2005 was as follows:

Total liabilities as previously reported
Adjusted for:
Increase in other liabilities
Total liabilities as restated.

Total equity as previously reported
Adjusted for:
Decrease in retained earnings
Total equity as restated






Providence House
East Hill Street
P.O. Box N-3910
Nassau. The Bahamas
Websile: www.pwc.com
E-mail: pwcbs@bs.pwc.com
Telephone (242) 302-5300
Facsimile (242) 302-5350

Independent Auditors' Report

To the Shareholder of
FirstCaribbean International Finance Corporation (Bahamas) Limited

We have audited the accompanying balance sheet of FirstCaribbean International Finance
Corporation (Bahamas) Limited (the "Bank") as of October 31, 2006. This balance sheet is the
responsibility of the Bank's management. Our responsibility is to express an opinion on this
balance sheet based on our audit.

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

In our opinion, the accompanying balance sheet presents fairly, in all material respects, the
financial position of the Bank as of October 31, 2006 in accordance with International Financial
Reporting Standards.

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

Chartered Accountants
December 13, 2006

_ I L_



KPMG Telephone 242 303 2007
PO Box N 123 Fax 242 393 1772
Montague Sterling Centre Internet www kpmg corn bs
East Bay Street
Nassau, Bahamas


To the Shareholder of Scotiabank Caribbean Treasury Limited

We have audited the accompanying balance sheet of Scotia Caribbean Treasury Limited ("the
Company") as of October 31, 2006 and a summary of significant accounting policies and other
explanatory notes. This balance sheet is the responsibility of the Company's management. Our
responsibility is to express an opinion on this balance sheet based on our audit.

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

In our opinion, this balance sheet presents fairly, in all material respects, the financial position of the
Company as of October 31, 2006 in accordance with International Financial Reporting Standards.

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

Chartered Accountants

Nassau, Bahamas
March 2, 2007

Balance Sheet

October 31, 2006
(Expressed in United States dollars)

Note ($'000s)


Loans and advances to banks 4,11,14 $ 1,904,213

Derivative financial instruments 15 311

Property and equipment 5,14 47

Accrued interest receivable and other assets 6, 14 17,099

Total Assets $ 1,921,670

Liabilities and Equity

Deposits 7,11,14 $ 1,867,643
Accrued interest payable and other liabilities 8, 14 28,816


Share capital 9 10,000
Share premium 10 15,000
Retained earnings 211

Commitment 17

Total Liabilities $ 1,921,670

See accompanying notes to balance sheet.

This balance sheet was approved on behalf of the Board of Directors on March 2, 2007 by the

VY/l e-- Director a Director

Notes to Balance Sheet

October 31, 2006
(Expressed in United States dollars)

1. Reporting entity
Scotiabank Caribbean Treasury Limited (the Company") was incorporated on May 29, 2006 under
the Companies Act, 1992 of the Commonwealth of The Bahamas and is licensed under The Bank
and Trust Companies Regulation Act, 2000. The Company is wholly owned by The Bank of
Nova Scotia International Limited "the Parent", a Bahamian company, also incorporated in The
Commonwealth of The Bahamas. The ultimate parent of the Company is the Bank of Nova Scotia
("BNS"), a company incorporated in Canada.
The Company manages the US dollar treasury function for the Bank of Nova Scotia's subsidiaries
and branches within the Caribbean and Central American region. The Company's registered office
is located at 404 East Bay Street,'Nassau, The Bahamas.
Pursuant to the terms of a purchase and sales agreement dated August 1, 2006, the Company
'acquired the business of the Caribbean Treasury Unit ("CTU") from Scotiabank (Bahamas)
Limited ("the Bank"). The agreement provided for all employees of the CTU to be offered
continued employment with SCTL at terms comparable to their previously existing contracts.
The acquisition of CTU represents a transaction between entities under common control as the
Bank is also a subsidiary of the parent. As such, this transaction is outside the scope of
International Financial Reporting Standard 3: Business Combinations. The assets and liabilities
of CTU were transferred to the Company at book value and the difference between the purchase
price and the net book value has been accounted for as an adjustment to equity.
2. Basis of preparation and significant accounting policies
(a) Statement of compliance
The balance sheet has been prepared in accordance with International Financial Reporting
Standards ("IFRS").
(b) Basis of measurement
The balance sheet has been prepared on the historical cost basis except where otherwise noted

(c) Functional and presentation currency
This balance sheet is presented in United States dollars ("US$"), which is the Company's
functional currency. Except as indicated, financial information presented in US$ has been
rounded to the nearest thousand.

(d) Use of estimates and judgements
The preparation of the balance sheet in conformity with IFRS requires management to make
judgements, estimates and assumptions that affect the application of accounting policies and
the amounts reported in the balance sheet and the accompanying notes. These estimates are
based on relevant information available at the balance sheet date and, as such, actual results
may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognized in the period in which the estimates are revised and in any
future periods affected.

(e) Foreign currency translation
Transactions in foreign currencies are translated at exchange rates prevailing at the dates of
the transactions. Monetary assets and liabilities denominated in foreign currencies at the
reporting date are translated to the functional currency at the mid-market exchange rates at
that date.

(f) Property and equipment
Property and equipment are stated at cost less accumulated depreciation and provisions for
impairment losses.

Leasehold improvements Term of lease plus one renewal option period
Furniture and equipment 3 to 10 years
Property and equipment are periodically reviewed for impairment. Where the carrying value
amount of an item of property and equipment is greater than its estimated recoverable amount,
it is written down immediately to its recoverable amount.
Depreciation methods, useful lives and residual values are reassessed at each reporting date.
(g) Financial assets and liabilities
(i) Classification
Financial -assets that are loans and advances to banks and accrued interest receivable are
classified as loans and receivables originated by the Company. Financial assets that are
derivative financial instruments are considered to be financial assets held-for-trading.
Financial liabilities that are not held for trading include deposits and accrued interest

(ii) Recognition
The Company initially recognizes loans and advances and deposits on the date that they
are originated or accepted, as applicable. All other financial assets and liabilities
(including assets and liabilities designated at fair value through profit or loss) are initially
recognized on the date which the Company becomes a party to the contractual provisions
of the instrument.
(iii) Derecognition
The Company derecognizes a financial asset when the contractual rights to the cash flows
from the asset expire, or it transfers the rights to receive the contractual cash flows on the
financial asset in a transaction in which substantially all the risks and rewards of
ownership of the financial asset are transferred. Any interest in transferred financial assets
that is created or retained by the Company is recognized as a separate asset or liability.
The Company derecognizes a financial liability when its. contractual obligations are
discharged, cancelled or expire.
(iv) Measurement
Financial instruments are measured initially at fair value plus, in the case of a financial
asset or financial liability not at fair value through profit or loss, transaction costs that are
directly attributable to the acquisition or issue of the financial asset or financial liability.
Transaction costs on financial instruments at fair value through profit or loss are expensed
Subsequent to initial recognition, loans and receivables and financial liabilities that are not.
held for trading are carried at amortized cost less impairment losses where applicable
using the effective interest rate method.
The amortised cost of a financial asset or liability is the amount at which the financial
asset or liability is measured at initial recognition, minus principal repayments, plus or
minus the cumulative amortization using the effective interest method of any difference
between the initial amount recognized and the maturity amount, minus any reduction for
Subsequent to initial recognition, derivatives are valued at fair values. They are carried
as assets when fair values are positive and as liabilities when fair values are negative.

The determination of fair values is based on quoted market prices or dealer price
quotations for financial instruments traded in active markets. For all other financial
instruments fair value is determined by using valuation techniques. Valuation techniques
include net present value techniques, the discounted cash flow method, comparison to
similar instruments for which market observable prices exist, and valuation models. The
Company uses widely recognized valuation models for determining the fair value of
common and more simple instruments like interest rate swaps. For these financial
instruments, inputs into models are market observable.
Derivative instruments designated as "asset/liability management" are those used to
manage the Company's interest rate and foreign currency exposures.
(v) Identification and measurement of impairment

At each balance sheet date, the Company assesses whether there is objective evidence that
financial assets not carried at fair value through profit or loss are impaired. Financial
assets are impaired when objective evidence demonstrates that a loss event has occurred
after the initial recognition of the asset, and that the loss event has an impact on the future
cash flows on the asset that can be estimated reliably.
The Company considers evidence of impairment at both a specific asset and collective
level. All individually significant financial assets are assessed for specific impairment.
All significant assets found not to be specifically impaired are than collectively assessed
for any impairment that has been incurred but not yet identified. Assets that are not
individually significant are then collectively assessed for impairment by grouping together
financial assets (carried at amortised cost) with similar risk characteristics.
Objective evidence that financial assets are impaired can include default or delinquency
by a borrower, restructuring of a loan or advance by the Company on terms that .the
Company would not otherwise consider, or other observable data relating to a group of
assets such as adverse changes in the payment status of borrowers.
Impairment losses on assets carried at amortised cost are measured as the difference
between the carrying amount of the financial assets and the present value of estimated
cash flows discounted at the assets' original effective interest rate. Losses are recognized
in the statement of income and reflected in an allowance account against loans and
advances. Interest on the impaired asset continues to be recognized through the
unwinding of the discount.
(h) Related parties
A number of transactions are entered into with related parties in the normal course of business.
Balances resulting from such transactions are described as balances with affiliates.

3. Acquisition
As discussed in note 1, the Company acquired the business of the CTU from the Bank effective
August 1, 2006, at a purchase price of US$2 million.
The book value of the assets and liabilities acquired at that date was as follows:


Loans and advances to banks 1,917,198
Equipment 50
Other assets 2,546

Total assets 1,919,794

Deposits (1,903,599)
Other liabilities (16,195)
Book value of net assets acquired

The adjustment to equity was as follows:


Purchase consideration (2,000)
Book value of net assets acquired
Equity adjustment (2,000)

4. Loans and advances to Banks


Loans and advances to banks
affiliates 1,804,208
-other 100,005


____ ~ ~_I

I- I




The effective interest rate earned on the loan portfolio for the current period was 4.39%.
5. Property and equipment

Leasehold and
Improvements Equipment Total
S($'00Os) ($'000s) (S'000s)

May 29, 2006 -
Additions through acquisition of CIU (see note 3) 15 35 50

October 31, 2006 15 35 50

Accumulated depreciation
May 29, 2006 -
Charge for the period I 2 3
October 31, 2006 1 2 3

Net book value October 31, 2006 14 33 47

6. Accrued interest receivable and other assets


Accrued interest receivable:
Affiliates 14,769
-Other 1,282
Other assets 1,048

7. Deposits


Deposits from affiliates 1,693,055
Deposits from other banks 174,588


The effective interest rate paid on deposits for the current period was 4.39%.
8. Accrued interest payable and other liabilities


Accrued interest payable affiliate banks 11,314
Accrued interest other 2,932
Other liabilities 14,570


9. Share capital


Authorized, issued and fully paid
10,000,000 ordinary shares of par value US$1.00 each 10,000

10. Share premium


10,000,000 shares issued at a premium of US$1.50 each 15,000

11. Geographical Analysis of Assets and Liabilities
Significant assets and liabilities at October 31 may be analyzed by geographical area, based on the
residence of the couhterparty, as follows:

The North
Bahamas Europe America Other Total
($'000s) ($'000s) ('000s) ($'000s) ($'000s)

October 31, 2006
Loans and advances to banks 4 400,000 1,504,209 1,904,213

Deposits 508.950 255,240 1,103,453 1,867.643

12. Pension plan
Substantially all of the Company's employees are members of BNS' defined benefit pension plan.
The plan provides pension benefits based on length of service and final earnings with
contributions being made by BNS on an ongoing basis to keep the plan fully funded. All rights
and obligations of the defined benefit pension plan are borne by BNS. The last actuarial valuation
of the plan was as of November 1, 2003 and based on that independent valuation, the plan was
fully funded. An actuarial valuation is performed on the plan at least once every three years. All
actuarial information relating to this scheme can be found in the consolidated financial statements
of BNS.
The Company also participates in a contributory plan established by BNS covering some
employees. As of October 31, 2006, this plan is also fully funded.
13. Global Employee Share Ownership Plan
The Company participates in the Global Employee Share Ownership Plan ("GESOP") of BNS,
which allows employees of the Company to contribute between 1% and 6% of their annual salary.
The contributions are used to purchase shares in BNS, on the Toronto Stock Exchange at the
prevailing market prices on a semi-monthly basis. The Company matches fifty percent (50%) of
the employees' contributions and this vests with the employees after two years of participation in

14. Financial risk management
Credit risk
Credit risk is the risk of financial loss to the Company if a counterpart to a financial instrument
fails to meet its contractual obligations, and arises principally from the Company's loans : ad
advances to banks. The Company structures the levels of credit risk it undertakes by placing limits
on the amount of.risk accepted in relation to one borrower, or groups of borrowers, and to
geographical and industry segments. Credit disciplines are based on a division of authority, a
centralized credit review system, a committee system for dealing with all major exposures, and
periodic independent review by BNS.
Interest rate risk
Interest rate risk arises when there is a mismatch between positions that are subject to interest rate
adjustment within a specified period. Exposure is generally managed locally by currency and
regularly reviewed on a consolidated basis by executive management.

Liquidity risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations from its
financial liabilities. The liquidity risk management process ensures that the Company is able to
honour all of its financial commitments as they fall due. The Company manages liquidity using
the following policies:
measuring and forecasting cash commitments;
ensuring immediate availability of large pools of liquid assets to meet unforeseen events;
maintaining a strong credit rating to ensure timely access to borrowing on favourable rates
and terms;
diversifying funding sources and
maintaining the ability to securitize the Company's assets.

The following analysis of maturities of significant assets and liabilities illustrates the extent to
which the Company was exposed to liquidity risk at October 31, 2006:

1-3 3- 12 1-5 5 Years
Months Months Years & Over Total
($'000s) ($'000s) ($'000s) ($'000s) ($'000s)

Loans and advances to banks 1,240,984 316,891 335,896 10,442 1,904,213

Deposits 1,497,592 370,051 1,867,643

Net Liquidity gap (256,608) (53,160) 335,896 10,442 36,570

Currency risk

The Company takes on exposure to the effects of fluctuations in the prevailing foreign currency
exchange rates on its financial position and.cash flows. The Company's board of directors sets
limits on the level of exposure by currency and in total for both overnight and intra-day positions,
which are monitored on a daily basis. The table below summarises the Company's exposure to
foreign currency exchange rate risk at October 31,2006.

BSD USD Other Total
($'000s) ($'000s) ($'000s) ($'000s)

Loans and advances to banks 1,904,213 1,904,213
Property and equipment 47 47
Other assets 51 16,606 442 17,099
Total assets 98 1,920,819 442 1,921,359

Deposits 1,867,643 1,867,643
Other liabilities 3,286 25.288 242 28,816
Total liabilities 3,286 1,892,931 242 1,896,459

Net balance sheet position (3,188) 27,888 200 24,900

15. Derivative financial instruments
Derivative instruments are financial contracts whose value is derived from interest rates, foreign
exchange rates or other financial or commodity indices. Most derivative instruments can be
characterized as interest rate contracts, foreign exchange contracts, commodity contracts or equity
contracts. Derivative instruments are either exchange-traded or negotiated over-the-counter
contracts. Exchange-traded derivatives include futures and option contracts. Negotiated over-ihe-
counter derivatives include swaps, forward and options. These transactions are primarily
facilitated through Scotia Capital Market USA) Inc. ("SCM"). The Derivative Products Group of
SCM also provides internal hedges in the form of swaps or options to minimize the Company's
net market risk.'
The Company enters into these derivative instruments to accommodate the risk management needs
of its customers and for asset/liability management purposes.
Interest rate swaps.
Interest rate swaps are commitments to exchange one set of cash flows for another. Swaps result
in an economic exchange of interest rates. No exchange of principal-takes place. The Company's
credit risk represents the potential cost to replace the swap contracts if counterparties fail to
perform their obligation. This risk is monitored on an ongoing basis with reference to the current
fair value, a portion of the notional amount of the contracts and the liquidity of the market. To
control the level of credit risk taken, the Company assesses counterparties using the same
techniques as for its lending activities.
The notional amounts of certain types of financial instruments provide a basis for comparison with
instruments recognized on the balance sheet but do not necessarily indicate the amounts of future
cash flows involved or the current fair value of the instruments and, therefore, do not indicate the
Company's exposure to credit or price risks. The derivative instruments become favourable
(assets) or unfavourable (liabilities) as a result of fluctuations in market interest rates or foreign
exchange rates relative to (heir terms.

The following table provides the aggregate notional and fair value amounts of derivative financial
instruments outstanding as of October 31, 2006:

Notional Fair Values
Amount Assets Liabilities
$ $ $
('000s) ('000) ('000)

Interest rate swaps 98,887 311 -

As of October 31, 2006, the interest rate swap contracts noted in the table above were matched
against fixed rate loans and advances to banks and deposits with a gross outstanding principal
amount of $99 million.

16. Fair value of financial instruments
Fair value amounts represent estimates of the consideration that would be agreed upon between
knowledgeable willing parties who are under no compulsion to act and is best evidenced by a
quoted market price if one exists. The majority of the Company's financial instruments are carried
at historical cost and are not adjusted to reflect increases or decreases in fair value due to market
fluctuations, including those due to interest rate changes.
Derivatives are carried at their market values, which are considered to equate to their fair values.
The fair values of loans and advances to banks and deposits approximate their carrying values,
which are at amortised cost, due to their short term nature and interest rates earned or paid
approximate rates otherwise available to the Company for similar facilities.
All other financial assets and liabilities are short term in nature and their carrying values are
considered to equate to their fair values.
17. Lease commitments
Subsequent to the period end the Company entered into a commercial lease agreement for office
space with Management One (Bahamas) Limited. The lease is effective March 1, 2007 and is for
a 5 year term expiring February 28, 2012 with two consecutive options to renew for a further 4
and 5 year term respectively. The future minimum basic rent under this agreement is $138,276 per
year for the first three years of the lease.

PublahLe alNoticesan

UThe i S I. a

I -


* A GADGET-loaded Aston Martin V12 Vanquish
is displayed in this January 9, 2003, file photo, at
the Greater Los Angeles Auto Show at the Los
Angeles Convention Center, as part of a display of
Aston Martin models featured in James Bond
movies. Cash-strapped Ford Motor Co. has sold a
controlling stake in the Aston Martin brand, made
famous by its exotic sports cars appearing in James
Bond movies, raising $848 million to help fund its
turnaround plan.
(AP FILE photo)



T";;.~F r'
:~.a ~ ~~

* DAVID Richards, who leads a consortium to buy the sports car manufacturer Aston Martin from Ford, speaks at a press
conference to announce tke sale at the Aston Martin headquarters in Gaydon near Banbury, England.
(AP Photo: Sang Tan)




: Open a Scotiabank Home Savings Plan today.
You save a little every month for your home purchase
and we'll top it up with as much as $2,000.

Life. Money. Balance both:

*Trademarks of The Bank of Nova Scotia. Trademarks used under authorization and control of The Bank of Nova Scotia
t Conditions apply. Subject to credit approval.

Ford sells stake

in Aston Martin to

private investors

AP Business Writer

Motor Company is selling a con-
trolling stake in Aston Martin,
creator of exotic $100,000-plus
sports cars made famous in
James Bond movies.
Aston Martin now will be run
by a consortium of investors,
including racing mogul David
Richards, car collector John Sin-
ders and the Kuwaiti companies
Investment Dar and Adeem
Investment Co.
Ford officials announced the
sale Monday at Aston Martin's
headquarters in Gaydon, Eng-
land. Ford will receive $848 mil-
lion and retain a $77 million
stake in the company. The com-
panies placed the total value of
the deal at $925 million.
Dearborn-based Ford, which
lost $12.7 billion last year and
expects red ink to continue until
2009, put Aston Martin up for
sale last August. It had acquired
control of the brand two decades
ago and owned it outright since
Sales dipped to a few dozen
in 1992 but climbed to about
7,000 last year. You can get a
new Aston Martin for about
$110,000 but the price can run
as high as $270,000, according
to Beau Boeckmann, vice presi-
dent of Galpin Motors in North
Hills, Calif., one of Aston Mart-
in's top dealers.
Ford Chief Executive Alan
Mulally said the sale supports
the company's turnaround plan.
which involves cutting factory
capacity and rolling out new cars
and trucks at a faster pace.
"From Aston Martin's point
of view, the sale will provide
access to additional capital.
which will allow Aston Martin
to continue the growth it has
experienced under Ford's stew-
ardship," Mulally said in a state-
Richards is founder and chair-

man of Prodrive, a British racing
and automotive technology com-
pany that runs Aston Martin's
international sports car racing
Sinders, from Houston and
Dubai, is an Aston Martin col-
lector and racing backer, while
Investment Dar and Adeem
Investment are international
companies based in Kuwait,
Ford said.
Richards is heading the con-
sortium and has a personal stake
in Aston Martin, although he
would not say how much he has
invested. He will join Aston
Martin's board as nonexecutive
chairman and will be involved
in the strategic direction of the
business, he said Monday in an
interview with The Associated
Aston Martin Chief Executive
Ulrich Bez will continue to lead
the company's management
team, Aston Martin said.
The company, which has been
profitable under Ford. will have
only modest growth in coming
years, but will remain true to its
roots as an iconic British luxury
sports car. Richards said.
Ford will continue to provide
safety, emissions and other tech-
nology to Aston Martin, he said.
"It's a close working relation-
ship that's not just being cut off
tomorrow," he told the AP.
The investors do not want to
reveal how much each will own
in the company, said Ford
spokesman John Gardner. The
deal is expected to close in the
second quarter.
Gregg Lemos-Stein, a credit
analyst for Standard & Poor's in
New York. said the sale makes
sense to Ford even though the
cash it brings is a small amount
considering the company expects
to burn $17 billion during the
next three years. "It amounts to
only a month or two of that."
Lemos-Stein said.
Ford mortgaged its factories,
brand names and other items to

secure a $23.4 billion line of
credit to fund its restructuring
plan and cover losses expected
until 2009. The company had $34
billion at the end of last year to
help pay the bills, Lemos-Stein
Aston Martin, while prof- ,
itable, didn't fit into Ford's long-
term survival plan for cost sav-
ings from developing multiple
models worldwide on the same
underpinnings, Lemos-Stein
said. "The sale of Aston Martin
makes sense because Aston
Martin does not share much in
terms of platforms or engineer-
ing with the other Ford assets,"
he said.
Founded in 1914 by Lionel
Martin and Robert Bamford,
Aston Martin turned out its first
car in 1915. Ford bought a con-
trolling stake in Aston Martin
in 1987 and acquired full own-
ership in 1994.
Annual production dipped as
low as just 46 cars in 1992. But
the brand has enjoyed a resur-
gence this decade a record
7.000 Aston Martins were sold
worldwide last year and a similar
number are expected to be pur-
chased in 2007.
The DB9 and V8 Vantage
models are made at Gaydon and
later this year a DBS model will
go into production at the War-
wickshire plant, where 1,600 staff
are employed.
Actor Daniel Craig drove the
DBS in "Casino Royale" and
the first 007 -- Scan Connery
- drove an Aston Martin DB5
in the 1964 Bond movie
Versions of the car also
appeared in a number of other
007 films, including "Thunder-
ball," "The Living Daylights,"
"Goldeneve" and "Die Another
Ford stock fell 11 cents to
close at $7.92 on the New York
Stock Exchange. Its shares have
traded in a 52-week range of
$6.06 to $9.48.





TUESDAY, MARCH 13, 2007 ..- .- ".", ,


Fax: (242) 328-2398
E-Mail: sports@l00jamz.com MIAMI HERALD SPORTS

Senior Sports
DON'T push the pan-
ic button just yet for
Mark Knowles and
Daniel Nestor.
While the Bahamian-
Canadian duo has yet
to win their first dou-
bles title for the year,
Knowles said there's
no need to worry.
In their first round
match at the Pacific
Life Open on Sunday
in Indian Wells, Cali-
fornia, Knowles and
Nestor were knocked
out by the team of
Lukas Dlouhy and
David Skoch of the
Czech Republic 7-6 (4),
0-6, 10-8.
"It was a bit disap-
pointing. We didn't
play our best match,"
said Knowles in an
interview with The Tri-
"The good thing is
we still have another
tournament to play in
ten days, so we just
have to go back to the
drawing board and
practise and get
ready for that tourna-

Knowles was refer-
ring to the Sony Erics-
son Open in Miami,
Florida. That ATP
Masters Series is
scheduled to get under-
way on Monday and
run through April 1.
Being so close to
home, Knowles said
they would like nothing
better than to secure a
win in Miami.
But he admitted that
it won't erase the bit-
tersweet feeling that
was left in Indian
"This was a tourna-
ment that we've won a
couple times and we
were hoping to defend
our title," he reflected.
"We just didn't pull off
the big points when we
had too."
As the number three
seeded team in the
tournament, Knowles
said they were confi-
dent that they could
have survived a lot
But despite making a
quit exit, he admitted
that they are still
quite pleased with
the way they are play-
"We're playing con-
sistently," he said.
"We're just not win-
ning like we should."
Knowles and Nestor
have played in two
finals and three semifi-
nals, but have yet to
pull off tneir first title
for the year.
Asked if there was
any concern after Sun-
day's defeat, Knowles
quickly said: "No, not
"It's still early in the
year and we are playing
consistently, so it's
only a matter of time
before we put it togeth-
He said they are hop-
ing that they can get
the start they need next
week when they play in
"We feel we are play-
ing well enough to
win," he stressed. "We
just have to get the job



HO Nash


scare from


Senior Sports
THE HO Nash Lions
withstood a strong chal-
lenge from the CC Sweet-
ing Scorpions to move one
game away from defending
their Government Sec-
ondary Schools Sports
Association's junior girls
basketball title.
Yesterday at the Kendal
Isaacs Gymnasium, the
Lions kept their composure
as the Scorpions came
within ten points in the sec-
ond half before they pulled
away with a 43-29 victory.
With the win, HO Nash
took a 1-0 lead in the best-
of-three championship
series. They could win
another title with a victory
today, starting at 4 p.m.
"What they did was they
played a pretty good game
by trying to slow the press
down," said Lions' coach
Patricia 'Patty' Johnson.
"So what we did was we
made an alteration to our
press. The one they saw
last week was different
from the one they saw
today. And we made some
changes by clogging up the
As she looked ahead to
game two, Johnson said
they will go back and work
on their defence because
"our guards were kind of
sloppy, rushing the
passes and panicking and
getting caught up in the
But she assured their
fans that they intend to
come out and wrap it up
CC Sweeting's coach
Tracy McKenzie declined
His Scorpions got off to a
slow start, falling behind 6-
2, but they would make a
contest out of it by cutting
the deficit to 10-6.
However, HO Nash
would surged out front as
they held CC Sweeting to
just one point, taking an
insurmountable 24-7 mar-
gin at the half.
Lakishna Munroe led the
attack with 13 points and
Shashuana Smith had five
and Tannica Smith chipped
in with four in the period.
The Lions would contin-
ue to roar as the second
half got underway with
Cedricka Sweeting and
Munroe scoring on consec-
utive lay-ups.
After a time-out by
McKenzie, the Scorpions
would respond with a lay-
up and a steal and lay-up
from Terninque Rodgers to
finally put them in double
figures, trailing 28-11.
Shanae Armbrister then
scored on a consecutive
lay-up and jumper for a 28-

HO NASH LIONS' Shashuana Smith goes up for a jumper over the CC Sweeting Scorpions in their 43-29 win in game one of the
GSSSA junior girls' best-of-three championship series at the Kendal Isaacs Gymnasium.
(Photo: Tim Clarke)

15 deficit and it appeared
that the Scorpions had
worked out their problems.
The Lions regained their
composure as Munroe
grabbed an offensive
rebound that she put back
up and on a Scorpions'

turnover and canned a
three-pointer that extended
their lead to 33-17.
However, CC Sweeting
went on a 12-6 spurt as
they pulled within 10 39-
29 thanks to the relent-
less backcourt play of

Rodgers and Lornika
But from there, it was all
HO Nash as they scored
the final two baskets to
seal the win.
Munroe finished with a
game high 22 points. Smith

had 10, Shashuana Smith
added five and Sweeting
ended up with just four.
For the Scorpions,
Rodgers led the way with
12, Seraphin had eight and
Shanae Armbrister con-
tributed six.

*,-?'MfiT."!ac Pia'sEipiaas)XXAi. &sm!^ vmr

~e~N;r C-O' ~



Camas snaps

Roger Federer's

41 -match


Associated Press
won seven consecutive tourna-
ments and was favoured to
break Guillermo Vilas' 30-year-
old record of 47 straight victo-
However, Guillermo Canas
beat the world's top-'ranked
player 7-5, 6-2 Sunday in the sec-
ond round of the Pacific Life
Open, snapping Federer's 41-
match winning streak.
"Today was just a grind for
me from the start," said Federer,
the three-time defending. tour-
nament champion. "A first-
round match is always difficult.
But I've had an incredible run,
not losing in the first round for, I
think, over two years. Sooner or
later it had to happen, so it's
OK, it's no problem."
Despite the olss, the Swiss star
began Monday as the No. 1 play-
er on the ATP Tour for a record
163rd consecutive week.
Federer, who received a bye
into the second round, was play-
ing his first match at Indian
Wells, while Canas was in his
fourth. The Argentine played
two matches in qualifying, where
he lost to Alexander Waske in
the final round, then got into the
96-player field as a "lucky loser"
when Xavier Malisse withdrew.
Canas then cruised past' Jan
Hajek of the Czech Republic in
the first round on Saturday.
"I think if I would have played
him in the third or fourth round
I would have beaten him," Fed-
erer said. "But just not today.
He was too tough."
Canas is the first lucky loser to
beat a world No. 1 since Sandon
Stolel beat Thomas Muster in
Dubai in 1996
"I don't know. Just I beat
him," Canas said. "I enjoyed it. I
don't know how I do it. But I
think I played good."
He handed Federer his 16th
loss since he became No., 1 on
Feb. 2, 2004, and his first open-
ing match loss since 2004 at
Cincinnati, where he lost to
Dominic Hrbaty.
Federer hadn't lost since
falling to Andy Murray on Aug..
16,2006, in Cincinnati.

offers 'tune-up'

Tribune Sports

NOW that most of the
selections to the 2007 Nation-
al CARIFTA Swim Team
have been made, the swim-
mers will get a chance to com-
pete: in what can be consid-
ered a tune-up meet this
month. The Dolphin Swim
Club will be hosting their 17th
Annual Spring Invitational on
the 24th at St. John's College
Short Course Pool.
"This meet will provide the
CARIFTA swim squad a last
chance for local competition
before the team heads to
Jamaica in April," said for-
mer Dolphin treasurer and
committee member Frank
"The meet will also provide
an opportunity for those
swimmers still hoping to qual-
ify for the 2006/07 National
Championships, set to held at
the Betty Kelly-Kenning
National Swim Complex in
early May, and subsequent
international meets."


The Dolphin Spring Invita-
tional will host events in all
age groups, from as young as
the six and under, all the way
up to the senior categories.
The opening ceremony is
scheduled for a 9am start with
the first event to begin before
The Bay Street Garage/
Castrol has stepped-up once
again to help financially sup-
port the event later this
month, and Kerr recently col-
lected a cheque on behalf of
the Dolphin Swim Club.
Kerr paid that the meet on
the 24th will be the only one


ELLIOT ALBURY, manager of Bay Street Garage presenting the sponsorship cheque to Frank Kerr of the Dolphin
Swimming Club while Karl Gilbert, assistant manager of parts looks on.

that Dolphin is hostng this
"Our next Invitational was
to be held sometime in June,
but since the Nationals have
been moved forward to May,
that means that we can't hold
anymore Invitationals.
"There isn't time because
there's a Barracuda meet in
between (CARIFTA &
Nationals), and we don't want
to have an Invitational meet
every weekend.

"The clubs are normally
given a couple of
weeks in between the
hosting of their Invitai-ion-
Kerr has been a part of
swimming in the Bahamas for
the last 20 years, initially get-
ting involved because of his
Over the years, he's become
a fixturwrith the sport, and is
also in charge of operating the
electrolg timing systems in

the pools at both the Betty
Kelly-Kenning Aquatic Cen-
tre and at St. John's. Kerr says
that despite a number of the
country's top swimmers
prefering to compete in the
50m pool at the National
Aquatic Centre. the numbers
of participants in the Dolphin
Invitational have grown sig-
inificantly, even though the
pool at St. John's is half the
"At the moment you'll find

that there are more people
swimming now than there
were back in those days 17
years ago.
"There weren't too many
clubs and there weren't too
many swimmers, so we
wouldn't hold too many
"I would say the number of
swimmers in the past 20 years
has probably doubled, and
certainly the number of clubs
has increased."

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Minister presents track and field trophy
of Financial Ser-
vices and Invest-
ments and Mem-
ber of Parlia-
ment for North
Andros and the
Berry Islands
Vincent Peet
d 1 presents Lena-
mae Griffin,
principal of
Lowe Sound Pri-
mary School,
with the Overall
A division float-
ing trophy for
the North and
Central Andros
& Berry Islands
District Primary
SSchool Track
S 'i and Field Meet
Ii I ,on Friday,
March 9, 2007 in
Nicholl's Town,
North Andros.
I Lowe Sound
came in first
place with 428
points, beating
out Red Bays
with 377 points.
Chief Councillor
a.Brian Cleare
7 ..looks on, center.
(BIS Photo:
S Tim Aylen)

North and Central Andros and

Berry Islands District Primary School

Track and Field Meet results

UNDER 13 Boys winner: Dencil Cole-
brooke 23 points and Girls winner: Ashanique
Neely 22 points.
UNDER 11 Boys winner: Lashawn Johnson
20 points, Kasson Fowler 20 points and Girls win-
ner: Vashinique Neely 21 points
UNDER 9 Boys winner: Donovan Storr 23
points and Girls winner: Daria Knowles 21 points
UNDER 7 Boys winner: Stanley Sands 16
points and Girls winner: Kerria Russell 15 points
Most Outstanding Athlete: Donovan Storr
and Dencil Colebrooke

Division A
1. Lowe Sound 428 points
2. Red Bays 37,7 points
3. Nicholl's Town 324 points
4. Fresh Creek 285 points
5. Behring Point 64 points
Division B

1. Staniard Creek 130 points
2. Stafford Creek 69 points
3. Bowen Sound 65 points
4. Alpha Angels 56 points

Dolphins Swim Club meet





ghe MIiami Iteralb W TUESDAY, MARCH 13,2007



Francella beats Sorenstam in playoff

selection committee chairman
Gary Walters responds to a
question at a news conference in
Indianapolis on Sunday.

NCAA tourney

selection panel

plays it by ear
Associated Press
All these years, the NCAA selec-
tion committee has been making it up
as it goes along.
No sooner had the committee
handed in its bracket on Selection
Sunday than somebody asked chair-
man Gary Walters what message
members were sending this year. He
decided to let everybody else in on
the joke.
"Gee," Walters replied, "I don't
know that we're trying to send any
"Our job isn't to send messages,"
he added a moment later. "Our job is
to try to select what we think are the
34 most worthy (at-large) teams."
Leave it to a Princeton guy Wal-
ters is the athletic director there to
rub your nose in something that's
been in plain sight forever.
Every year, committee members
throw themselves a slumber party in a
fancy hotel and pretend to spend so
much time crunching numbers you'd
think they're flossing with spread
sheets. Instead, they're doing what
almost everybody else in college bas-
ketball does all weekend: watch TV,
look at the same information, apply
their biases and experience, then hag-
gle over who goes where.
The difference is when the com-
mittee finishes, somebody dials the
CBS trailer and a producer pulls "One
Shining Moment" out of the moth-
But just before they go, because
committee members have to justify
the huge room-service tab and placate
the half-dozen uninvited schools and
hundreds of pundits howling for their
heads, they come up with a message
to cover their handiwork.
Last year was supposed to herald a
mid-major revolution because schools
like George Mason, Air Force and
Northern Iowa got in at the expense
of power-conference members such
as Maryland, Florida State and Cin-
cinnati Then-chairman Craig Little-
page said the message was that
"larger schools, the larger confer-
ences around the country really do
have a choice of who they play non-
Nothing really had changed in the
criteria or the data the selection com-
mittee looked at, but the people who
were looking at it did. Representa-
tives from small schools, who spent
.years begging and even threatening to
sue their big-time brethren to play
S some games, finally constituted a
majority on the committee. They gave
short shrift to pedigree and rewarded
schools that played ambitious non-
conference schedules and tough
games on the road namely them-
selves and promised to keep doing
So what happened this year?
Despite again controlling a major-
ity of the seats, mid-majors actually
got two fewer spots, just six of the 34
at-large bids, compared with eight a
year ago. Not that it made everybody
"I'm in atal shock," said Syracuse
coach Jim Boeheim, speaking for the
power-conference schools left home.
"Your body of work is not as
important as they say it is, to be hon-
est with you," Drexel coach Bruiser
Flint said, speaking for the disap-
pointed mid-majors.
Drexel played 18 games on the
road, won 13 and beat Villanova, Syra-
cuse and Creighton at their places.
"Maybe you don't go and schedule
yourself like that," Flint added.
"Maybe you try to get as many wins
as you possibly can."
Boeheim's argument was that good
or better. The Orangemen played a
challenging nonconference schedule,
had a winning road record and went
7-3 in their last 10. That's in addition

Associated Press
Even Meaghan Francella found it
hard believe: She actually beat
Annika Sorenstam in a playoff for
her first LPGA Tour victory.
"I can't describe it. It's some-
thing I've worked for my entire
life," the 24-year-old New Yorker
said Monday after winning the
rain-delayed MasterCard Classic in
only her sixth LPGA Tour start.
"Annika is the best player in the
world and I was little intimidated.
... I was on the third tee with her
and I thought, 'Man am I really
doing this?' I thought I was dream-
ing. It was pretty exciting."
The former University of North
Carolina star from Port Chester,
N.Y., won with a 4-foot birdie putt
on the fourth extra hole. She closed
with a 3-under 69 to match Soren-
stam (66) at 11-under 205 on the

Associated Press
scored 25 points and T.J. Ford had
19 points and nine assists to lead
the Toronto Raptors to a 108-93
victory over the Milwaukee.Bucks
on Monday night.
Ford, in his second game in Mil-
waukee since being traded in the
offseason for Charlie Villanueva,
dominated the game in the first
half as the Raptors sprinted out to
a 20-point lead and then held off
several second-half runs by the
Ford had 12 points, six assists,
two steals and a blocked a shot in
the first quarter as the Bucks
grabbed a 37-24 lead.

Bosque Real course the longest
on the tour at 6,932 yards and also
the highest at about 8,000 feet
above sea level.
Francella, the 2003 Atlantic
Coast Conference champion who
earned her tour card last year with
a fifth-place finish on the Futures
Tour money list, made the winning
4-foot putt after Sorenstam missed
a 7-foot birdie try.
"I wasn't expecting Annika to
miss that putt," Francella said. "I
just stayed in my moment and
made that putt. I had nothing to
lose out there today."
Francella, who earned $180,000
for the breakthrough victory, bird-
ied the par-4 16th to tie Sorenstam
at 11 under and finished regulation
with two straight pars.
Sorenstam, the two-time
defending champ making her first
start of the year, had seven birdies
and a bogey on the 16th hole.

Ford, who just missed his sec-
ond double-double in two nights,
shot 7-for-14. He is averaging 13.9
points and 7.7 assists this season
after averaging 9.9 points and 6.5
assists in two seasons with Mil-
Andrea Bargnani added 12
points for the Raptors.
Michael Redd scored 29 points
and Charlie Bell had 25 for the
Bucks. Villanueva did not score in
10 minutes, missing the only shot
he took.
Milwaukee, which had its only
lead at 2-0, closed to 95-87 on Bell's
driving layup with 5:03 remaining.
Bosh then hit a jumper and
Anthony Parker hit 1 of 2 free

"I think I'm playing as good as I
could have asked for," Sorenstam
said. "It's tough reading the putting
on the green. It's about who can
hang in there and stay patient. This
is my first tournament of the year
and I feel very good about my
game. I'm very excited about the
rest of the year and the upcoming
tournament in Arizona."
Angela Stanford (67), Kyeong
Bae (67) and Stacy Prammanasudh
(71) tied for third at 8 under, and
Mexican star Lorena Ochoa (70),
Shi Hyun Ahn (67) and Hye Jung
Choi (69) followed at 6 under.
"My error was in the first day of
the tournament," said Ochoa, who
opened with a 71. "After that, it
took a lot of work to come back.
The leaders were very far ahead. I
can't say I had bad luck. It never
depends on luck. The more prac-
tice you have and the better you hit
the ball the more luck you have."

throws to push the lead to 11 with 4
minutes remaining to put the game
Morris Peterson's 3-pointer
from the corner gave the Raptors
their biggest lead at 50-30 in the
second quarter.
Bell scored eight points in each
of the first two quarters to help the
Bucks pull to 62-46 at halftime.
Bosh had 13 points and six
rebounds in the first half as the
Raptors 59 percent.
Toronto won three of the four
meetings with the Bucks this sea-
son, the first time in franchise his-
tory that the Raptors won the sea-
son series.

BALL IN HAND: Meaghan Francella
celebrates a putt on the 18th
green during the MasterCard
Classic in Huixquilucan, Mexico,
on Monday. She won the
tournament in a playoff.


Final destination.

Wambach chases
the ball during the
United States'
Algarve Cup
4 group B match
with Sweden on
Monday in
Portugal. She
scored twice as
the U.S. won 3-2.

Wambach leads U.S. to Algarve Cup championship game

Associated Press
NIO, Portugal Abby Wambach
scored two goals and Carli Lloyd
got her fourth of the tournament,
leading the United States over
Sweden 3-2 on Monday night for a
place in the Algarve Cup final.
The United States, which won
the tournament in 2000 and from
2003-5, will play Denmark in
Wednesday's final. Sweden needed
just a tie to reach the final.
"We wanted to come out and
attack not sit back," U.S coach
Greg Ryan said.

Wambach put the Americans
ahead in the 39th minute when
Lindsey Tarpley headed in a cross
from Kristine Lilly, and Lloyd
made it 2-0 four minutes later
when she volleyed home a pass
from Stephanie Lopez.
Josefine Oqvist headed a corner
kick off the turf and into the corner
of the goal in the 70th, but Wam-
bach headed in Shannon Boxx's
cross in the 71st. Victoria Svensson
converted a penalty kick for Swe-
den in the 80th.
Denmark advanced to the final
despite a 3-0 loss to Germany, last
year's champion.

"Denmark were able to rest peo-
ple today and will be fresh for the
final," Ryan said.
"I expect a similar kind of game
as tonight with both sides attack-
ing," the coach added.
The United States (3-0) won
Group B with nine points, followed
by Sweden (2-1) and Finland (1-2), a
2-0 winner over China (0-3).
Denmark (2-0-1) won Group A
on goal difference over France
(2-0-1), which beat Norway 1-0.
Germany (1-2) was third on goal
difference ahead of Norway (1-2).
a Notes: The United States
will play China and Brazil in war-

mup matches before heading to the
Women's World Cup.
The Americans will play China
on June 16 at Cleveland and Brazil
seven days later at East Rutherford,
N.J., the U.S. Soccer Federation
said Monday.
They also will play exhibition
games on July 14, July 28, Aug. 12
and Aug. 25.
The Americans also have exhi-
bition games against Mexico on
April 14 at Foxborough, Mass., and
Canada on May 12 at Frisco, Texas.
The Women's World Cup is
scheduled for Sept. 10-30 in China.

TO THE HOOP: Raptors guard
T.J. Ford puts up a shot in
front of Bucks center Andrew
Bogut, right, and Maurice
Williams in the first quarter of
Monday's game in Milwaukee.


Bosh and Ford lead the Raptors





'1 I I



England coach is kicking over replays

Associated Press
LONDON England
coach Steve McClaren
watched two thrilling FA Cup
games and went home furi-
He was angry because the
games ended in ties. That
means up to 14 of his players
will be busy with cup replays
only days before facing Israel
and Andorra' in European
Championship qualifying
With the semifinals at stake
followed by the first FA Cup
final to be played at the new
Wembley, the players
McClaren hopes will get Eng-
land to Euro 2008 will run the
risk of injuries by tackling and
fouling each other.
Manchester United must
play Middlesbrough again
March 19 after the sides drew
2-2 Saturday. Chelsea will go
to Tottenham on the same day
following their 3-3 tie Sunday.

March 19 is the day the Eng-
land squad is supposed to
assemble ahead of the March
24 game against Israel in Tel
The late arrivals will be
Manchester United's Gary
Neville, Rio Ferdinand, Wayne
Rooney, Michael Carrick and
Wes Brown; Middlesbrough's
Stewart Downing; Chelsea's
John Terry, Ashley Cole,
Frank Lampard and Wayne
Bridge; and Tottenham's Paul
Robinson, Aaron Lennon, Jer-
main Defoe and Jermaine
"It's fair to say that the way
the fixtures have turned out
has proved less than ideal,"
Football Association-spokes-
man Adrian Bevington said
Monday. "We wanted to give
Steve's preparations every
chance, but we are in a unique
situation in this country where
there is almost no flexibility in
the fixture program."
The rest of Europe laughs

at England for its insistence at
replaying cup games instead of
finishing them on the spot.
Penalty spot, that is.
Arsenal manager Arsene
Wenger sparked a debate after
his team found itself stuck in a
backlog of league and cup
games a month ago.
"There is a lot that could be
done but nobody manages to
do it," Wenger said after his
team's 0-0 draw with Black-
burn on Feb. 17. "They could
stop replays in the FA Cup. I
would do it, but not everybody
would. There is no magical
solution because, if you want
to cut the fixtures down, you
have to sacrifice something.
It's a game we didn't need."
Sadly for Wenger, he no
longer has that problem.
Blackburn won the replay and
now he has only Premier
League games to concentrate
on. The Gunners also lost in
the League Cup final to Chel-
sea and were ousted from the

St decided in one game," said
Newcastle ,manager Glenn
Roeder, whose team is out of
the domestic cups but going
strong in the UEFA Cup. "The
sport has moved on. There are
so many games to be played
and I think the match should
be decided by penalties if it's a
draw after extra time."
Manchester United man-
ager Alex Ferguson, whose
JON SUPER/AP team is leading the Premier
IN DISARRAY: England League and is chasing titles in
manager Steve McClaren's the Champions League and FA
plans for his team's next Cup, doesn't agree.
Eur for hs qualifiers were "You cannot just take
Euro 2008 qualifiers were replays away," said Ferguson,
put into disarray on who has won 19 titles during
Monday following the his 20 years at Old Trafford.
weekend's FA Cup "For some clubs, it is part of
quarterfinals. their whole existence."
He points out that cash-
Champions League by PSV strapped clubs badly need the
Eindhoven. revenue from holding one of
The Arsenal manager has the powerhouse teams to a
support for his idea of scrap- draw and them taking them
ping replays, however. back to their own ground.
"FA Cup matches should be Before penalty shootouts

were introduced in English
soccer in 1991, some cup
games went to.as many as five
replays. The most recent to go
to four was in 1979 when Arse-
nal beat Sheffield Weanesday
2-0 in the third round after
nine hours of soccer.
Imagine if Wenger had
been in charge then.
A year later, 'Arsenal's
semifinal with Liverpool went
to three replays. The Gunners,
who had Terry Neill in charge,
finally won 1-0 and nine days
later lost to division two West
Ham in the final.
During that spell, Arsenal
had to play nine games in 24
days. Four days after the FA
Cup final, Arsenal's exhausted
players faced Valencia in the
European Cup Winners' Cup
final. After a 0-0 draw, it lost
in a penalty-kick shootout.
If English soccer hadn't
been so slow to take up shoot-
outs, Arsenal may have won
both cups.


Anderson leads as Bobcats end slide

Associated Press
CHARLOTTE, N.C. Derek Anderson
had 24 points and 10 assists and the strong-
shooting Charlotte Bobcats snapped an
eight-game losing streak with a 119-108 win
over the struggling Orlando Magic on Mon-
day night.
Raymond Felton added 21 points and Ger-
ald Wallace had 20 points and nine assists
for the Bobcats, who had a team-record 14
3-pointers and 39 assists.
Charlotte, which came in with the third-
worst record in the NBA, had its way with
the Magic, who have lost three straight and
10 of 12. Orlando, which is 16-32 since starting
13-4, fell a full game behind idle New York
for the final playoff spot in the Eastern Con-
"ferencd amid speculation about coach Brian
;Hifl's future.
Dwight Howard had 26 points and 11
rebounds for the Magic, but 13 of his points
came in the fourth quarter when the game
was decided. Hedo Turkoglu added 23
Charlotte played its eighth straight game
without leading scorer and rebounder
Emeka Okafor (strained left calf), who nor-
mally guards Howard. But Howard took only
11 shots and missed nine free throws.
Howard also struggled on defense. Pri-
moz Brezec scored 17 points on 8-of-13
shooting in his highest scoring game in
nearly three months and only his seventh
game in double figures this season.
Nets 113, Grizzlies 102: In Memphis,
Tenn., Vince Carter scored 30 points and
Mikki Moore added a career-high 24 to help
the New Jersey Nets beat the Memphis Griz-
zlies to snap a five-game losing streak.
Richard Jefferson had 18 points and

IN HIGH GEAR: Bobcats guard Derek
Anderson, left, drives around Magic
guard J.J Redick during their game in
Charlotte, N.C., on Monday. Anderson
had 24 points and 10 assists in the
Bobcats' 119-108 victory.

Bostjan Nachbar added 14 for the Nets.
Pau Gasol scored 19 points and Chuck
Atkins and Rudy Gay had 17 apiece for Mem-
phis, which remained the only team in the

league without consecutive wins.
Tarence Kinsey added a career-high 13
points for the Grizzlies, who snapped a six-
game losing streak with a victory at Char-
lotte on Saturday.

Mavericks 108, Lakers 72: In Los
Angeles, Josh Howard scored 24 points, Dirk
Nowitzki added 19, and Dallas took control
early in embarrassing the Lakers to match
the longest winning streak in the NBA this
season at 17 games.
The loss was the most one-sided setback
at home for the Lakers since they moved to
LoT Agplesfrmn~ Minneapolis in 1960.
_Jrail Blazers 106, Warriors 87: In
Porttlad, Ore., Zach Randolph had 25 points
and llI9rebounds to lead Portland over
Golden State, which was without top scorer
Baron Davis.
Rookie Brandon Roy added 26 points for
the Trail Blazers, who led by as many as 23
points. Randolph had his 34th double-dou-

Knicks: Isiah Thomas got a multiyear
contract extension Monday, nine months
after he was warned the Knicks needed to
show "evident progress" or he'd be out of a
Endorsement deal: Former NBA
player John Amaechi became the first openly
gay male athlete to sign an endorsement deal
with a mainstream company.
HeadBlade Inc., creators of a popular
head-shaving razor, announced Monday it
had signed Amaechi to a multiyear deal.
Financial terms were undisclosed.


New York
New Jersey

L Pet GB LI0 Str. Home Away Conf
28 .548 3-7 L-3 24-9 10-19 22-16
29 .532 1 7-3 W-6 21-10 12-19 19-16
36 .446 6% 2-8 L-3 19-13 10-23 17-22
39 .391 10 4-6 W-3 13-18 12-21 13-24
41 .359 12 2-8 W-1 14-17 9-24 15-21

35 29
29 34
29 35
25 38
18 44

Pet GB L10 Str. Home Away Conf
.547 6-4 W-3 22-9 13-20 23-14
.460 5 6-4 W-1 17-14 12-20 18-21
.453 6 4-6 W-1 17-15 12-20 21-16
.397 9% 8-2 W-7 16-15 9-23 15-20
.290 16 5-5 L-1 8-23 10-21 11-25

CENTRAL W, L Pct. GB L10 Str. Home Away Conf
Detroit 39 22 .639 7-3 W-2 19-12 20-10 26-12
Cleveland 38 25 .603 2 7-3 W-5 24-8 14-17 23-16
Chicago 37 28 .569 4 7-3 W-2 24-8 13-20 26-13
Indiana 29 33 .468 10A 1-9 L-9 18-13 11-20 20-16
Milwaukee 23 41 .359 17 4-6 L-2 14-15 9-26 11-28

SOUTHWEST W L Pet. GB L10 Str. Home Away Conf
x-Dallas 52 9 .852 10-0 W-17 30-3 22-6 33-6
San Antonio 45 18 .714 8 .10-0 W-12. 21-8 24-10 27-11
Houston 39 24 .619 14 5-5 W-3 22-10 17-14 20-18
New Orleans 28 35 .444 25 '3-7 L-5 19-1-2 9-23 16-23
Memphis 16 49 .246 38 2-8 L-1 11-21 5-28 9-29
NORTHWEST W L Pet. GB L10 Str. Home Away Conf

Utah 43 19
Denver 30 31
Minnesota 27 35
Portland 26 36
Seattle 25 38
Phoenix 48 14
L.A. Lakers 33 31
L.A. Clippers 29 33
Sacramento 28 34
Golden State 29 36
x-clinched playoff spot

.492 12
.435 16
.419 17
.397 18
Pct. GB
.516 16
.468 19
.452 20
.446 20%

W-6 25-7 18-12 25-12
W-1 16-17 14-14 14-22
L-2 18-13 9-22 16-22
W-1 15-17 11-19 16-21
L-3 18-13 7-25 12-23
Str. Home Away Conf
W-4 25-6 23-8 23-10
L-6 20-11 13-20 19-15
L-3 21-12 8-21 1-21
L-2 18-14 10-20 2 3
L-1 22-10 7-26 1Gt-'-l


Monday's results
Char. 119, Orlando 108
Toronto 108, Mil.93
N.J. 113, Memphis 102
Hou. at Phx., late
Dallas at G.S., late

Tonight's games
Utah at Miami, 7:30
Phil. at Atl., 7
Sac. at Cle., 7
Ind. at Minn.a, 8
N.J. vs. N.O.0.C., 8
Clippers at S.A., 8
Bos. at Chi., 8:30
Port. at Den., 9
Det at Sea., 10

Sunday's results
Miami 106, Was. 104
Tor. 120, Sea. 119 (OT)
Det 98, LA.C. 80
Den. 113, Sac. 101
Chi. 94, Bos. 78
Cle. 99, Ind. 88
Hou. 103, Or. 92
Por. 106, G.S. 87
Dal. 108, LA.L 72



Thrashers reclaim

first in Southeast

A RARE LOSS: Roger Federer, left, shakes hands with
winner Guillermo Canas after Federer lost during the
Pacific Life Open on Sunday in Indian Wells, Calif.

Canas snaps Federer's

41-match win streak

Associated Press
Roger Federer had won seven
consecutive tournaments and
was favored to break Gui-
llermo Vilas' 30-year-old
record of 46 straight victories.
However, Guillermo Canas
beat the world's top-ranked
player 7-5, 6-2 on Sunday in
the second round of the
Pacific Life Open, snapping
Federer's 41-match winning
"Today was just a grind for
me from the start," said Fed-
erer, the three-time defending
tournament champion.
Despite the loss, the Swiss
star began Monday as the No. 1

player on the ATP Tour for a
record 163rd consecutive
Federer, who received a
bye into the second round,
was playing his first match at
Indian Wells, while Canas was
in his fourth. The Argentine
played two matches in qualify-
ing, where he lost to Alexan-
der Waske in the final round,
then got into the 96-player
field as a "lucky loser" when
Xavier Malisse withdrew.
Canas then cruised past Jan
Hajek of the Czech Republic in
the first round on Saturday.
"I don't know. Just I beat
him," Canas said. "I enjoyed it.
I don't know how I do it."

Associated Press
ATLANTA Eric Boul-
ton set up goals by Bobby
Holik and Keith Tkachuk,
and the Atlanta Thrashers
reclaimed first place in the
Southeast Division by beat-
ing the Washington Capitals
4-2 on Monday night.
Slava Kozlov and Ilya
Kovalchuk also scored for
the Thrashers, who moved
two points ahead of Tampa
Bay in the division race. Kari
Lehtonen stopped 31 shots.
Washington dropped its
eighth straight and fell to 2-16
in road games since Dec. 26.
Alex Ovechkin scored two
goals for the Capitals, giving
him seven goals and six
assists in seven games
against Atlanta this season.
In 15 career games against
the Thrashers, Ovechkin has
12 goals and 14 assists.
Ovechkin's power-play
goal off the skate of Atlanta's
Andy Sutton less than 2 min-
utes into the third period cut
the deficit to 3-2. Kovalchuk
answered with his 37th goal
midway through the period.
Ovechkin's first goal of
the game in the second
period was his 40th of the
season. The second-year star
is the fourth player in Capi-
tals history with more than
one 40-goal season.
After Kozlov's goal gave

MILESTONE: Atlanta's Slava
Kozlov celebrates after
scoring his 300th career
goal on Monday.

Atlanta a 1-0 lead midway
through the opening period,
Boulton set up the play of the
Boulton stopped a possi-
ble breakaway for the Capi-
tals with a steal and then
passed the puck to Holik,
who had to lunge forward to
gather it. While sliding
toward the net on his chest,
Holik managed to push the
puck past goalie Brent John-
son for a 2-0 lead at 16:51.


Tampa Bay
New Jersey
N.Y. Islanders
N.Y. Rangers

St. Louis
San Jose
Los Angeles

37 24
39 27
34 28
29 27
24 34

42 19 1
37 21 4
34 24 5
34 27 4
19 38 5
44 19 2
39 23 3
33 27 3
34 30 1
33 31 2

3 84 219 218
1 82 221 216
5 76 203 211
7 71 201 217
10 60 203 251




7 92 186 167 22-8-0-5 20-11-1-2 20-5-1-1
6 84 232 213 20-9-2-3 17-12-2-3 18-7-1-2
5 78 204 190 19-11-4-1 15-13-1-4 12-10-2-1
4 76 198 190 16-14-3-2 18-13-1-2 11-11-1-3
6 49 183 255 7-19-3-4 12-19-2-2 5-14-2-5

3 93 256 200 23-10-1-2
4 85 238 191 22-11-1-2
6 75 216 225 14-15-2-3
5 74 203 220 19-12-0-3
3 71 198 241 17-15-1-2

21-9-1-1 16-9-1-2
17-12-2-2 17-9-1-2
19-12-1-3 11-13-2-2
15-18-1-2 11-10-0-4
16-16-1-1 13-12-0-1


4 98 242 181
4 95 218 173
5 68 179 207
5 61 169 212
7 61 172 210
3 87 186 173
6 85 200 174
5 82 220 185
3 74 225 216
3 66 176 205
7 95 224 178
2 85 204 171
4 85 180 164
1 57 182 235
5 57 192 241




24-5-2-5 18-12-2-2 18-6-1-2
19-12-1-2 22-13-0-0 13-13-0-1
22-10-0-2 18-13-1-2 19-7-0-0
14-16-2-0 13-22-0-1 7-14-2-1
13-14-4-4 9-20-4-1 8-14-1-3

Note: Two points for a win, one point for a shootout loss or overtime loss


Monday's results
Atlanta 4, Washington 2
St. Louis at Calgary, late
Philadelphia at Phoenix, late
Edmonton at Los Angeles, late

Tonight's games
Florida at Carolina, 7
Ottawa at Rangers, 7
Buffalo at Pittsburgh, 7:30
Islanders at Montreal, 7:30
Tampa Bay at Toronto, 7:30
Detroit at Nashville, 8
Philadelphia at Dallas, 8:30
Minnesota at Vancouver, 10
Chicago at San Jose, 10:30

Sunday's results
Boston 6, Detroit 3
N.Y. Rangers 2, Carolina 1 (SO)
Minnesota 3, Colorado 2 (OT)
Dallas 4, Los Angeles 3 (OT)
San Jose 3, Edmonton 0
Anaheim 4, Vancouver 2


r I II I I

MiamiHerald.com I THE MIAMI HERALD



THE MIAMI HERALD I MiamiHerald.com




March 22-23 March 24-25

March 24-25 March 22-23

0 I(I Ij I -I~iU TlZ I i

March 17-18

March 15-16

1 North Carolina


Division I Men's Bracket

St. Louis

. Notre Dame 6
SWinthrop 11
Oregon 3
c Miami (Ohio) 14



March 17-18

March 22-23 March 24-25

March 24-25 March 22-23

ope.ng ound deides64h ea


Revamped tourney has W.Va.,

Clemson, Air Force, Miss. St. _..c'

Associated Press
Virginia, Clemson, Air Force
and Mississippi State were
seeded No. 1 Sunday night in
the revamped NIT.
Once the NCAA picked
the 65-team field for its tour-
nament, the NIT had the pick
of the leftovers, which
included the four No. Is and
others such as Syracuse,
Drexel, Kansas State and
For the second straight
year, all Division I conference
regular-season champions
who lost in their conference
tournaments and weren't
picked for the NCAA Tour-
nament were guaranteed NIT
bids, but the tourney field
was reduced from 40 teams
to 32.
West Virginia (22-9),
which will host Delaware

State in an NIT East Region
opener tonight, tied Villanova
and DePaul for seventh in the
Big East. Villanova made the
NCAA tournament, but West
Virginia and DePaul had to
settle for the NIT. Syracuse,
which was sixth in the Big
East, also was picked by the
Syracuse (22-10) was
seeded second in the South
and will open against South
Alabama on Wednesday.
Clemson (21-10) was the
top seed in the South and will
host East Tennessee State.
Air Force (23-8), which lost a
chance to make the NCAA
tournament after losses in six
of its final seven games, was
given the No. 1 seed in the
West and will take on Austin
Peay on Wednesday night.
Mississippi St. (18-12), top
seed in the North, will play
Mississippi Valley St. today.

The first, second and quar-
terfinal rounds will be played
at campus sites. The final
four will play in Madison
Square Garden in New York
on March 27 and 29.
Drexel (23-8) was one of
the teams most surprised to
be left out of the NCAA field.
The Dragons had 13 regu-
lar-season wins on the road
and had a solid RPI (39th) but
were left out of the NCAA
tourney for the first time
since 1996.
Drexel instead was seeded
third in the East, behind West
Virginia and Oklahoma State,
and will host North Carolina
State tonight.
The other No. 2 seeds
were Florida State in the
North and Kansas State in the
West. Also seeded third were
Michigan in the North,
DePaul in the West and Mis-
souri State in the South.


An apples-or-oranges process


to meeting the old standard
for any power conference
member to get into the
NCAAs: 10 wins in the league
- in his case, the Big East -
and 20 overall. Florida State
and Kansas State had argu-
ments almost as compelling.
"By the criteria I know
of," Boeheim huffed, "we
should have been in the tour-
But some committee
members think the best way
to test readiness is to put
teams in a tough tournament
on a neutral floor, and Syra-
cuse's early exit from the Big
East tourney apparently cost
the Orangemen plenty. That
also explains why all four
No. 1 seeds went to power-

conference members who
locked up their league tour-
naments Sunday. And maybe
why Arkansas by consen-
sus, the least deserving team
in the field squeaked in.
Other committee mem-
bers loved Drexel's schedul-
ing moxie, but couldn't put a
third Colonial Athletic Asso-
ciation school in the field,
especially one that posted a
1-5 mark against the league's
top two teams. And so it
went throughout the after-
noon, exactly the same way it
always does.
The advent of "bracketo-
logy" has lent an veneer of
pseudo-science to the pro-
cess, and put the same tools
and information used by the
committee at the fingertips
of anybody who wants them.
But while everybody has an

opinion, only the 10 members
At some point in the pro-
cess, usually when there are
a half-dozen at-large bids left
and a dozen schools with
good arguments, it comes
down to whether a majority
of the committee likes apples
or oranges. And that's the
real message, the one that
doesn't change year to year.
"Where you stand on the
issues in large part is deter-
mined by where you sit -
your own conference, your
own geography, whatever
institution you represent,"
Walters said.
That's as true about com-
mittee members as disgrun-
tled coaches and fans. What
made Walter a breath of
fresh air was the grace to
acknowledge as much.

NOT YET IN: Niagara players, at left, from left, Lorenzo Miles, J.R. Duffey and Greg Noel,
in Lewiston, N.Y., react to Sunday's news that they have to play in a qualifying game
to gain a spot in the NCAA Tournament. At right, Florida A&M's Brian Greene, right,
celebrates with teammates after he hit the winning basket against Delaware State as
time expired in the Mid-Eastern Athletic Conference tournament final in Raleigh, N.C.,
on Saturday. Florida A&M won 58-56 and will face Niagara tonight, with the winner
advancing to meet West top seed Kansas on Friday.

Niagara, Florida A&M are

unhappy with play-in role

Associated Press
DAYTON, Ohio It's a
game no NCAA Tournament
team believes it should be in
- the play-in game that fills
out the field of 64.
This year, Florida A&M
.. and Niagara are
feeling insulted
they have to play
tonight for a
chance to take on
Kansas, the top
seed in the West
Regional, on Friday
in Chicago.
"If we're the 65th-best team
in this tournament this year,
that surprises me," Florida
A&M coach Mike Gillespie
said Monday of his Mid-East-
ern Athletic Conference tour-
nament champions. "I don't
think that's possible."
Niagara, meanwhile, took
its cue from coach Joe Mihal-
ich, who said Sunday night:
"Let me be diplomatic here:
I'm confused."
"We feel disrespected,'
Niagara forward Charron
Fisher said. "I'm sure you'll be
able to see when we play on
Tuesday how disrespected we

Florida A&M brings a 21-13
record into the game after
beating Delaware State in the
MEAC title game, while Niag-
ara (22-11) beat Siena in the
Metro Atlantic Athletic Con-
ference title game for its Uth
straight victory.
For the Rattlers, this is the
second time they've been
tossed into the play-in game.
In 2004, Gillespie coached
Florida A&M to win over
Lehigh to earn a No. 16 seed
before losing to Kentucky
Florida A&M doesn't have
much time to get ready for the
game. After winning the
league title Saturday night in
Raleigh, N.C., the team arrived
at the hotel at 11 p.m., and then
got a 3:30 a.m. wakeup call
Sunday for the trip back to
Tallahassee. By 7 a.m. Mon-
day, the team was on a plane
bound for Dayton.
"We didn't even have a
chance to unpack and do our
laundry," Gillespie said. "We
didn't get a chance to walk on
campus today and let those
young men receive the acco-

The coach also said he had
to scramble to find tapes of
Niagara and didn't get a
chance to look at it until Mon-
day morning.
"I think they have better
athletes than we do," he said.
"They shoot the ball excep-
tionally well"
Fisher, a 6-foot-3, 230-
pound junior, averages 21
points and 8.1 rebounds. He
had 12 rebounds in the MAAC
tournament final.
Rome Sanders, a 6-foot-8,
240-pound senior, leads Flor-
ida A&M with 15.6 points and
six rebounds. The transfer
from Northern Illinois his 65
percent of his shots.
Gillespie said his team is
going to try to make the most
of it.
"But whichever team loses
tomorrow," he said, "I think
you feel cheated about the
whole atmosphere of the tour-

March 15-16

March 17-18


March 15-16

KAM;1 ENEMH;. m~-~~al

March 17-18

March 15-16





1. Florida Gators
* Record: 29-5,13-3 RPI: 7
* Conference Tournament: Won SEC.
* Comment: Florida returns five starters from its
2006 national championship team.

8. Arizona Wildcats
* Record: 20-10, 11-7 RPI: 14
* Conference Tournament: Lost Pac-lO quarters.
* Comment: Arizona limps into the NCAA
Tournament after losing 69-50 to Oregon.

5. Butler Bulldogs
* Record: 27-6,13-3 RPI: 27
* Conference Tournament: Lost Horizon final.
* Comment: Strong guard play from 6-1 juniors A.J.
Graves (17 ppg) and Mike Green (14.1 ppg).

4. Maryland Terrapins
* Record: 24-8,10-6 RPI: 16
* Conference Tournament: Lost ACC first round.
* Comment: Finished the regular season with wins
against Duke, N.C. State and North Carolina.

6. Notre Dame Fighting Irish
* Record: 24-7,11-5 RPI: 31
* Conference Tournament: Lost in Big East semis.
* Comment: Attempted more three-point shots
(34) than two-point field goals (33) vs. Syracuse.

3. Oregon Ducks
* Record: 26-7,11-7 RPI: 21
* Conference Tournament: Won Pac-lO title.
* Comment: 6-5 junior guard Bryce Taylor was
perfect (10 for 10) from the field in the Pac-lO final.

7. UNLV Runnin' Rebels
* Record: 28-6,12-4 RPI: 10
* Conference Tournament: Won Mountain West.
* Comment: Lon Kruger is the fifth coach to take
four schools to the NCAA Tournament.

2. Wisconsin Badgers
* Record: 29-5,13-3 RPI: 4
* Conference Tournament: Lost Bic Ten final
* Comment: The Badgers are led by Big Ten Player
of the Year Alando Tucker.








16. Jackson State Tigers
* Record: 21-13,12-6 RPI: 176
* Conference Tournament: Won SWAC.
* Comment: Tigers' 6-5 senior guard Trey Johnson
(26.9 ppg) was SWAC Player of the Year.

9. Purdue Boilermakers
* Record: 21-11, 9-7 RPI: 42
* Conference Tournament: Lost in Big Ten semis.
* Comment: The Boilermakers are plenty deep.
Eight players average at least 15 minutes per game.

12. Old Dominion Monarchs
* Record: 24-8,15-3 RPI: 40
* Conference Tournament: Lost in Colonial semis.
* Comment: Old Dominion finished the regular
season with 12 consecutive wins.

13. Davidson Wildcats
* Record: 29-4,17-1 RPI: 48
* Conference Tournament: Won Southern.
* Comment: Wildcats freshman Stephen Curry is a
so, of former NBA standout Dell Curry.

11. Winthrop Eagles
* Record: 28-4,14-0 RPI: 70
* Conference Tournament: Won Big South.
* Comment: Eagles are in the NCAA Tournament
for the seventh time in nine years.

14. Miami (Ohio) Red Hawks
* Record: 18-14, 10-6 RPI: 92
* Conference Tournament: Won Mid-American.
* Comment: Lost their final two regular-season
games before winning three in three days.

10. Georgia Tech Yellow Jackets
* Record: 20-11, 8-8 RPI: 52
* Conference Tournament: Lost ACC first round.
* Comment: 6-8 freshman Zach Peacock (5.4 ppg)
is a former Miami Norland standout.

15. Texas A&M-Corpus Christi Islanders
S* Record: 26-6,14-2 RPI: 85
SConference Tournament: Won Southland title.


* Comment: The Islanders are making the first
NCAA Tournament appearance in their history.


u '?11


A 6-6 forward, Tucker is the Big Ten
Player of the Year, a finalist for national
player of the year and one of the Midwest
Regional's most explosive players. Tucker
has played in a school-record 98 wins, and
on Saturday he surpassed former Badger
Michael Finley (San Antonio Spurs) as
Wisconsin's career scoring leader (2,177).

SWith a No.10 RPI, UNLV
isn't your ordinary
mid-major. Georgia Tech
and coach Paul Hewitt
should feel lucky to even
make the tournament.


SSteady guard play should
aid the Ducks. Oregon
starts four guards,
including 6-0 senior Aaron Brooks
(17.6 ppg, 4.6 rpg, 4.4 apg), who
received mention earlier this season
for player of the year honors.

SFlorida and Maryland are
on a collision course for
the Sweet 16. With wins
against North Carolina
and Duke this season, the
Telps are a confident bunch.

SThe tournament's overall
No.1 seed, the Gators
powered their way
through the SEC tournament and
have the balance and experience to
do the same in New Orleans and St.


1. Kansas Jayhawks F
* Record: 30-4,14-2 RPI: 11
* Conference Tournament: Won Big 12.
* Comment: Solidified a top seed with its secondFRIDAY
win against Texas in eight days. FRIDAY

8. Kentucky Wildcats
* Record: 21-11, 9-7 RPI: 13
* Conference Tournament: Lostin SEC quarters.
* Comment: Enters the tournament having not
won consecutive games in more than a month.

5. Virginia Tech Hokies
* Record: 21-11,10-6 RPI: 32
* Conference Tournament: Lost in ACC semis.
* Comment: Virginia Tech will make its first trip to
the NCAA Tournament since 1996.

4. Southern Illinois Salukis
* Record: 27-6,15-3 RPI: 6
* Conference Tournament: Lost Missouri Valley
* Comment: Led by senior guard Jamal Tatum,
who averages 15 points a game.

6. Duke Blue Devils
* Record: 22-10, 8-8 RPI: 15
* Conference Tournament: Lost ACC first round.
* Comment: Have lost four in a row, but earned
their 12th consecutive NCAA Tournament bid.

3. Pittsburgh Panthers
* Record: 27-7,12-4 RPI: 5
* Conference Tournament: Lost Big East final.
* Comment: The Panthers earned a sixth
consecutive NCAA bid, but don't enter on a high.

7. Indiana Hooslers
* Record: 20-10,10-6 RPI: 28
* Conference Tournament: Lost Big Ten semis.
* Comment: Face Gonzaga for the second year in a
row. They lost last season in the second round.

2. UCLA Bruins
* Record: 26-5,15-3 RPI: 3
* Conference Tournament: Lost Pac-10 first round.
* Comment: The Bruins return a solid trio in Arron
Affalo, Josh Shipp and Darren Collison.


SThis figures to be a game
that is closely watched,
because the Blue Devils
J have been disappointing
this season and VCU is
considered a Cinderella, similar to
George Mason in 2006.








16. Florida A&M/Niagara
Record: 21-13/22-11 RPI: 166/136
Conference Tournament: Won MEAC/MAAC.
Comment: The teams will face off in the play-in
game Tuesday in Dayton, Ohio.

9. Villanova Wildcats
Record: 22-10, 9-7 a RPI: 19
Conference Tournament: Lost Big East quarters.
Comment: For the third year in a row, the
Wildcats are dancing, but this team is streaky.

12. Illinois Fighting Illini
Record: 23-11, 9-7 RPI: 29
Conference Tournament: Lost Big Ten semis.
Comment: Forward Jamar Smith and freshman
center Brian Carwell were injured in a car accident.

13. Holy Cross Crusaders
Record: 25-8,13-1 RPI: 60
Conference Tournament: Won Patriot.
Comment: The Crusaders won their first
conference tournament championship since 2003.

11. Virginia Commonwealth Rams
Record: 27-6,16-2 RPI: 43
Conference Tournament: Won Colonial.
Comment: VCU already is drawing comparisons
to George Mason, the team it beat to earn a bid.

14. Wright State Raiders
Record: 23-9,13-3 RPI: 72
Conference Tournament: Won Horizon League.
Comment: The Raiders shocked Butler in the
conference final to punch their ticket.

10. Gonzaga Bulldogs
Record: 23-10,11-3 RPI: 61
Conference Tournament: Won West Coast.
Comment: Have had a tumultuous season, falling
from the Top 25 for the first time in several years.

15. Weber State Wildcats
Record: 20-11,11-5 RPI: 143
Conference Tournament: Won Big Sky.
Comment: One season removed from finishing
S last in the conference.


After facing Holy C, oss in
the opening round the
mid major program
could have a dear path because it
already ias beaten Virginia Tech
this season, a team it could face in
the se( ond round

Would be quite a
matchup, because UCLA
coach Ben"Howland
coached the Panthers
before heading west and
handing over the reins to assistant
Jamie Dixon, now the Pitt coach.


I /


";- =, ,

At first glance, the stats for the Jayhawks
sophomore guard might not seem
impressive -12.3 points and 3.3 assists per
game but Chalmers has been pivotal to
Kansas' run to a No. 1 seed. He had a
game-changing performance in the Big 12
tournament final, hitting a game-tying
three-pointer with 15 seconds left in
regulation to force overtime.

UCLA is likely to be
motivated by not earning
-. a No. 1 seed after its loss
to California in the first round of the
Pac-lO tourney. It has all the
ingredients to return to the Final
Four, most of all experience.





MiamiHerald.com I THE MIAMI HERALD





1. North Carolina Tar Heels
* Record: 28-6,11-5 RPI: 3
* Conference Tournament: Won ACC title.
* Comment: Young, talented Tar Heels are the
second-highest scoring team in the country.

8. Marquette Golden Eagles
* Record: 24-9, 10-6 RPI: 24
* Conference Tournament: Lost Big East quarters.
* Comment: Golden Eagles' 23 regular-season
wins were most since they won 26 in 2001-02.

5. USC Trojans
* Record: 23-11,11-7 RPI: 54
* Conference Tournament: Lost Pac-lO final.
* Comment: After sweeping the season series, the
Trojans got blasted by the Ducks in the Pac-1O final.

4. Texas Longhorns
* Record: 24-9,12-4 RPI: 29
* Conference Tournament: Lost Big 12 final.
* Comment: Perhaps the most dangerous team in
the nation with Kevin Durant.

6. Vanderbilt Commodores
* Record: 20-11, 10-6 RPI: 37
* Conference Tournament: Lost SEC quarters.
* Comment: Commodores are a lethal three-point
shooting team that can play defense.

3. Washington State Cougars
* Record: 25-7, 13-5 RPI: 26
* Conference Tournament: Lost Pac-lO semis
* Comment: Cougars are one of the nation's
toughest defensive teams.

7. Boston College Eagles
* Record: 20-11,10-6 RPI: 30
* Conference Tournament: Lost ACC semis.
* Comment: ACC Player of the Year Jared Dudley
leads an Eagles squad that lost five of its past seven.

2. Georgetown Hoyas
* Record: 26-6, 13-3 RPI: 17
* Conference Tournament: Won Big East title.
* Comment: Loaded with aize in Roy Hibbard and
Jeff Green, finished the season on a 15-1 run.


li Marquette coach Tom
Crean might know
Michigan State's Tom Izzo
better than anyone. He
S was Izzo's former assistant
coach for four seasons including a
run to the Final Four in 1999.










461W The Longhorns reach
j the final of the Big 12
Tournament and too
top-seeded Kansas to overtime
before falling. Many believe Du
can single-handedly lead the
Longhorns to the title.

16. Eastern Kentucky Colonels
* Record: 21-11,13-7 RPI: 132
* Conference Tournament: Won Ohio Valley title.
* Comment: Colonels clinched their seventh NCAA
Tournament berth.

9. Michigan State Spartans
* Record: 22-11, 8-8 RPI: 22
* Conference Tournament: Lost Big 10 quarters.
* Comment: Spprtans beat highly-ranked
Wisconsin in the regular season.

12. Arkansas Razorbacks
* Record: 21-13, 7-9 RPI: 48
* Conference Tournament: Lost SEC final.
* Comment: Key for the Razorbacks, the SEC
runner-up, will be the health of Charles Thomas.

13. New Mexico State Aggies
* Record: 25-8,11-5 RPI: 72
* Conference Tournament: Won Western Athletic.
* Comment: Aggies clinched their first trip to the
tourney since 1999.

11. George Washington Colonials
* Record: 23-8,11-5 RPI: 84
* Conference Tournament: Won Atlantic 10 title.
* Comment: Colonials are making their third
consecutive trip to the NCAA Tournament.

14. Oral Roberts Golden Eagles
* Record: 23-10,12-2 RPI: 98
* Conference Tournament: Won,Mid Continent.
* Comment: Three-time conference Player of the
Year Caleb Green leads team back.

10. Texas Tech Red Raiders
* Record: 21-12, 9-7 RPI: 41
* Conference Tournament: Lost Big 12 quarters.
* Comment: Have victories over top-10 opponents
Kansas and Texas A&M (twice).

15. Belmont Bruins
* Record: 23-9,14-4 RPI: 113
* Conference Tournament: Won Atlantic Sun.
* Comment: Bruins were blown out by UCLA in the
opening round a year ago.

hed i Three potential NBA
lottery picks in Durant
k and North Carolina's
Sb Tyler Hansbrough and
rant Brandan Wright going
head-to-head in the Sweet 16.
Nothing sweeter than that.




Some say he could be this year's Carmelo
Anthony (the former Syracuse star who
led the Orange to the title in 2003). The
6-9 freshman forward is expected to be
named the nation's player of the year and
be drafted among the top NBA picks in
June. He averaged 25.3 points, 11.3
rebounds and 1.4 assists this season.

O After battling Florida
tough in the Sweet 16 a
year ago, the Hoyas have
b blessed with the easier path to
the Elite Eight where a tired Texas
or North Carolina should be waiting.


1. Ohio State Buckeyes
* ReLold RPI: 1
* Conference i ouiltlent. vvwo big fen title.
* Comment: Greg Oden and tht nation's
top-ianked team has v 7 '' .

8. Bringham Young Cougars
* Record: 25-8, 13-3 RPI:18
* Conference Tournament: Lost Mountain West.
* Comment: Cougars saw their seed fall after
losing the conference championship to UNLV.

5. Tennessee Volunteers
* Record: 22-10,10-6 RPI: 12
* Conference Tournament: Lost SEC first round
* Comment: Nearly pulled off a road upset of Ohio
State in the regular season.

4. Virginia Cavaliers
* Record: 20-10,11-5 RPI: 54
* Conference Tournament. Lost ACC quarters.
* Comment: Finished with losses to ACC cellar
dwellers Miami, Wake Forest and N.C. State.

6. Louisville Cardinals
* Record: 23-9,12-4 RPI: 37
* Conference Tournament: Lost Big East semis.
* Comment: Have gotten healthy toward the end
of season and won seven of their past eight.

3. Texas A&M Aggies
* Record: 25-6,13-3 RPI:17
* Conference Tournament: Lost in Big 12 quarters.
* Comment: Aggies ranked seventh in the country
before being upset in the Big 12 tournament.

7. Nevada Wolf Pack
* Record: 2844, 14-2 RPI: 26
* Conference Tournament: Lost WAC semis.
* Comment: Wolf Pack, a nationally-ranked top-10
team all season, upset in the WAC tournament.

2. Memphis Tigers
* Record: 30-3,16-0 RPI: 8
* Conference Tournament: Won Conference USA.
* Com' ent: Tigers, an Elite Eight team a year ago,
enter on a 22-game winning streak.






16. Central Connecticut St. Blue Devils
* Record: 22 11, 16-2 RPI:152
* Conference Tournament: Won Northeast title.
* Comment: Blue Devils, winners of 17 of 18, are the
only team from Connecticut in the tournament.

9. Xavier Musketeers
* Record: 24-8,13-3 RPI: 34
* Conference Tournament: Lost Atlantic 10 semis.
* Comment: Many thought the Musketeers should
have been out after being upset in the A-10.

12. Long Beach State 49ers
* Record: 24-7,12-2 RPI: 78
* Conference Tournament: Won Big West title.
* Comment: 49ers are making their first tourney
appearance since 1995.

13. Albany Great Danes
* Record: 23-9,13-3 RPI: 80
* Conference Tournament: Won America East.
* Comment: Great Danes played top-seeded
UConn tough last year as 16th-seed.

11. Stanford Cardinal
* Record: 18-12,10-8 RPI: 63
* Conference Tournament: Lost Pac-lO quarters.
* Comment: Boast home wins over UCLA,
Washington State, Oregon and Southern Cal.

14. Pennsylvania Quakers
a Record: 22-8,13-1 RPI: 88
Conference Tournament: Won Ivy League.
THURSDAY 1 Comment: Quakers are making their third
S consecutive trip to the dance.

S 10. Creighton Blue Jays
Record: 22-10,13-5 RPI: 20
Conference Tournament: Won Missouri Valley.
FRIDAY Comment: Pulled off a few upsets including
beating Southern Illinois to win MVC.

S ,,, 15. North Texas Mean Green
A e Record: 23-10,10-8 RPI: 137
/ Conference Tournament: Won Sun Belt title.
FRIDAY Comm.ent: Strong rebounding and defensive
S team earned their first trip to the dance since 1988.




The Buckeyes' 7-0, 280-pound freshman
center is the enforcer of the nation's
top-ranked team. He is expected to be
either the first or second pick in the NBA
Draft before or after Texas' Kevin
Durant. Oden leads OSU with an average
of 15.7 points per game and 9.6 rebounds,
and blocks a number of shots a game.

STwo teams with
loads of tournament
success and tradi-
tion. Stanford has the
size few teams do,
and Louisville played in 11 con-
secutive tournaments before
_ being left out last year.

,.y- Volunteers finished the
season with an RPI rating
of 12 and are seeded fifth.
If not for a first-round upset loss in
the SEC tournament, Tennessee
could have ranked higher. This
team has the pedigree for arun.

1 This could be the game
* "III lwe find out who is the
bigger fraud. Wolf Pack
might be overranked,
and Memphis' three
losses are to Georgia Tech,
Tennessee and Arizona.

Nobody has the size or
athleticism to match.
Unless Greg Oden goes
down with an injury, Ohio State
should make its first trip to the Final
Four since 1968. The only hurdles
are Tennessee and Texas A&M.


L I a

THE MIAMI HERALD I MiamiHerald.com



Win puts HO

Nash Lions

one game from the title

* HO NASH Lions' point guard Cedricka Sweeting dribbles the ball against the
defence from the CC Sweeting Scorpions.
(Photo: Tim Clarke)


HO NASH Lions' Lakishnsa N
ing their GSSSA junior girls bas

Associated Press
ENGLAND ended France's
Grand Slam hopes with a 26-18
Victory in the Six Nations on Sun-
Toby Flood scored a try and
contributed 16 points for Eng-
land at Twickenham while his
replacement, Shane Geraghty,
scored a conversion and a penal-
ty on his debut as Brian Ash-
ton's injury-hit team took advan-
tage of a poor French perfor-
mance to get back into the title
Both teams now have three
victories from four games the
same as Ireland which means
the title will be decided on the
final day. England goes to
Cardiff next Saturday to face
Wales, Ireland visits Italy and
France hosts Scotland.
Leading England for the first
time on his return to the lineup in
the absence of injured Phil Vick-
-ery and Jonny Wilkinson, expe-
rienced Mike Catt played a part
in England's two tries.
"The feeling I'm going through
now, the whole emotion, is
tremendous," said Catt, a 35-
year-old who played in England's
2003 World Cup winning squad.
"The boys were fantastic, they

Munroe goes to the basket for this attempted lay-up dur-
sketball championship game.
(Photo: Tim Clarke)

riII* IM Idl IP rM il' III II ltAl Ir4 11 1


ENGLAND'S Mike Tindall, right, tackles France's Vincent Clerc, during their Six Nations rug-
by international at Twickenham, London, Sunday March, 11, 2007.

turned over the ball well and
worked hard for each other and
individually played to their
strengths. I look at our perfor-
mance and there's still a hell of a
lot to learn but for a team who've
had five days together it was

"There's still a long way to go.
But we're going to develop and
get better as a group of players.
What a future for English rug-
Mike Tindall also crossed the
line while the French failed to
score a single try, their only

(AP Photo/Alastair Grant)
points coming from three penal-
ties by David Skrela and three
by Dimitri Yachvili.
"We've missed a big opportu-
nity," France captain Raphael
Ibanez said. "We had everything
we needed to win, but we were
not precise enough to dominate.


\'e had problems getting going
iand \e let England back into the
Missing Wilkinson, England
failed to get anywhere near the
French line in a tr -less first half
which ended with the visitors 12-
9 ahead.
France went close in a coun-
terattack from a tap-penalty but
England winger Dave Strettle
halted Vincent Clerc Just short
of the line
With both teams guilty of han-
dling errors and mistakes in the
rucks, the game initially became
a kicking competition.
Skrela landed his first three as
France went 9-3 ahead in the 21st
minute. Flood replied twice for
England and Yachvili, returning
to the French lineup at scrum
half, also kicked a penalty for
Flood's third successful kick
out of five cut the lead to three
points just before halftime and
he then scored his first try in
England colors in the 47th.
Catt was the provider, bursting
past French prop Ibanez in mid-
field, then spinning out of a tack-
le by fullback Clement Poitre-
naud to feed Flood who had no
opposition as he ran for the try.
Flood converted and England
led 16-12.
Yachvili, who took over kick-

ing duties from the injured
Skrela, cut the lead to one point
with a 35-mpter penalty in tlip
53rd, and then put the French
back in front with his third suc-
cessful kick after Tindall hao
tackled him off the ball.
Having scored England's first
16 points, Flood went off with a
right knee injury in the 59th and
Geraghty ran on for his debut'.
The replacement flyhall maxe
an immediate impact with a darr-
ing run and brilliant pass wht
tumbhng after a tackle. He stalr-
ed a move which ended with
Strettle's break from his own h f
and the French concedecrda
penalty in front of the posts. Get-
aghty kicked his first points m
international rugby and England
led 19-18 with 13 minutes to go,
Then Geraghty collectecda
poor French kick deep inside his
own half to go on a meanderi-g
run through the French defense
to set up the second try. HO
made it to within 10 meters of
the French line and offloaded tQ
Catt who flicked the ball to the
supporting Tindall to go over.
Geraghty converted and Eng-
land was 26-18 ahead with seven
minutes to go.
That left the French with two
scores to make in the final stages
and solid English tackling made
sure they didn't get near the line.

4 -


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