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Permanent Link: http://ufdc.ufl.edu/UF00084249/02847
 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: 3/19/2007
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
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Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
sobekcm - UF00084249_02847
System ID: UF00084249:02847

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FITO'FRSH
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HIGH 75F
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-" SUNNY AND
- BREEZY


The


Tribune


Volume: 103 No.98 MONDAY, MARCH 19, 2007 PRICE- 750


I Hurrican


0


0


Statement claims company

seeking to have concessions


'vastly increase(
BAHA MAR is seeking to
have the "already generous con-
cessions granted" under the
2005 Heads of Agreement it
signed "vastly increased", the
Government said in breaking
its silence on why it has failed to
conclude talks with the Cable
Beach developer on a supple-
mental Heads of Agreement for
its $2.4 billion project by the
March 1 deadline.
In addition, the Government
said other requests by Baha
Mar could also impact property
owners in the Cable Beach area
and the flow of vehicular traffic.
In a statement issued yester-
day, the Government said it
recognized the importance of
the project to the Bahamas, but
its duty to act in the best inter-
ests of Bahamians and to ensure
the rights of neighboring land
owners and relevant environ-
mental issues were properly
addressed, could not be over-
looked.
"The Government has the
obligation to balance the bene-
fits of the project with the best
interests of the people of the
Bahamas. In addition, the Gov-
ernment must have due regard
to the level of concessions which
could be justified in relation to
other major developments," the
statement said.
Baha Mar was not slow in
responding to the Governmen-
t's statement, pointing out that
the project would contribute
$400 million or 6.5 per cent of
Bahamian gross domestic prod-
uct (GDP) during its first full
year in operation.
It added that the $2.4 billion
Cable Beach development
would generate over $15.5 bil-
lion in GDP over the first 20


years, attracting 600,000 guests
in its first year and creating
6,000 direct jobs at the resort
in full operation, plus 2,000 indi-
rect and induced jobs.
In yesterday's statement,
Baha Mar said Government
should not try to distract atten-
tion from the fact that its failure
to conclude the supplemental
Heads of Agreement had pre-
vented the developers from
sealing their deal with Harrah's
by March 15, a deadline that
has now passed.
Last week, Baha Mar warned
that its $2.4 billion Cable Beach
redevelopment project had
been placed in jeopardy by the
failure to yet conclude a sup-
plemental Heads of Agreement
with the Government, some-
thing that could allow Harrah's,
its joint venture partner, to
"walk away" from the deal.
Thursday was the deadline
for Baha Mar to complete its
joint venture agreement with
Harrah's, the world-renowned
casino and entertainment oper-
ator, that would see it take a 43
per cent equity stake in the pro-
ject, but that deadline has been
missed as a result of not con-
cluding talks with Government.
Starwood, the other operating
partner that does not hold an
equity stake, has a "me too"
clause in its agreement with
Baha Mar allowing it to walk
away if Harrah's chooses to
exercise that right.
Baha Mar said at the week-
end, in response to the Gov-
ernment, "that no matter what
the reasons the Government
might try to cite, the facts
remain that the March 15 dead-
SEE page 14


* BAND major Matthew Rolle struts his stuff yesterday during the Church of God's annu-
al march. The Church of God held its march following the climax of its annual convention ,
on Sunday.
(Photo: Felipe Major/Tribune staff)

PLP confirms slate of candidates


THE PLP has finally con-
firmed its slate of candidates
for the 2007 general elec-
tions.
As reported earlier by The
Tribune, the only PLP
incumbent not to receive a
nomination was Sidney
Stubbs.
Observers say that he
spent most of the night out-
side the party's headquarters
"in a funk".
As predicted Mr Stubbs
will be replaced by lawyer
Hope Strachan.
In South Beach, where the
incumbent Agatha Marcell
had decided not to offer for
this general election, Wallace


Rolle will be the candidate.
Jackson Ritchie, the Long
Islander who it was
rumoured earlier would run
for a seat in his hometown,
will be offering in the newly-
formed Clifton area.
Fellow Long Islander
Ricardo Treco also will be
running in the newly resur-
rected constituency of St
Annes.
Although no official
announcement has been
made, a new seat will be cre-
ated when the Boundaries
Commission report is pre-
sented before the House of
Assembly today.
Five constituencies will be


eliminated Holy Cross,
Delaporte, Adelaide, St Mar-
garet's and Golden Gates.
Replacing them will be the
new seats of Sea Breeze, Kil-
larney, Clifton St Anne's,
and Golden Isles, informed
sources have said.
The Family Island con-
stituencies will effectively
remain unchanged.
Delaporte will be divided
into two constituencies Kil-
larney and Clifton in order
to "save" the seat of incum-
bent MP Neville Wisdom
and win the PLP an addi-
tional seat, it was claimed
SEE page 14


Weekend sees
two murders,
brutal death
of a baby
* By KARIN HERIG
Tribune Staff Reporter
WITH two murders and the
brutal death of a baby in the
past two days, the country once
again had a weekend of vio-
lence.
The Bahamas recorded its
17th and 18th murder this week-
end with the shooting deaths of
two young men and police are
investigating two further deaths
that may be classified as homi-
cides at a later date.
Following the suspicious
death of a young man in Fox
Hill on Thursday, police are
now investigating the circum-
stances surrounding the sudden
death of a one-year-old boy.
According to reports, the
child was admitted to hospital
on Friday shortly after 5pm.
The baby had "serious
injuries about the body" and
died at 7am on Saturday, press
liaison officer Inspector Walter
Evans told The Tribune yester-
day.
Police have taken the child's
22-year-old mother and her 17-
SEE page 14

Sir Arthur Foulkes:
race ought not
to be an issue
in this election
THE issue of race is not a
legitimate issue and ought not
to be an issue in this election
nor has it been "for many elec-
tions gone", Sir Arthur Foulkes
said yesterday when he
appeared on Gems 105.9's talk
show, "Tell It Like It is", hosted
by Sean McWeeny.
A member of the "dissident
eight" who founded the FNM,
Sir Arthur said it is just an insult
to think that the FNM would
take this country back to the
days before Majority Rule.
Election time, he said, is the
wrong time to speak about the
race issue, Sir Arthur said.
"After the election we should
sit down and have sensible dis-
passionate discussions about our
past, our racist legacy so we can
move forward. We can't con-
tinue like this. I don't want my
children to live in a Bahamas
where you look at one Bahami-
an as different from another,"
SEE page 14


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PAGE 2, MONDAY, MARCH 19, 2007


THE TRIBUNE


PLP Fox Hill official accuses Dr Higgs of trying to rewrite history


ACCUSING Dr Jacinta Hig-
gs, the FNM candidate for Fox
Hill, of trying to rewrite history,
PLP Fox Hill Constituency
Coordinator Philip Mortimer
said that for Dr Higgs to suggest
that the foundation for the com-
munity centre under construc-
tion in that area was dug up
"willy-nilly" by current MP Fred
Mitchell, is simply false.
Mr Mortimer made the state-
ment in a letter issued to The
Tribune over the weekend. '


The constituency coordinator,
said that a new plan for the cen-
tre had to be drawn up because
the committee was advised that
the foundation on the property
was not useable.
Trees, he said, were growing
through the foundation and it
could not be salvaged.
"Mr Mitchell has sought to
complete Mr Mackey's and oth-
er Fox Hill representatives'
vision of a Community Centre
in Fox Hill," Mr Mortimer said.


_TIaster
S Bag Giveaway
S/ ( Comni~nitary EasteM Bags
/ for k.d. 10 yuars ild
andund _"while


He said that the Fox Hill Com-
munity centre was the dream of
all previous PLP representatives
for the Fox Hill Constituency,
starting with Carlton Francis,
Lionel Davis, Frank Edgecombe
and then George Mackey.
According to Mr Mortimer,
Mr Mackey had a community
development association that
came closest to realizing the
dream of this centre when under
his leadership land was acquired
by the Ministry of Housing for
the public purpose of providing
housing for the people of Fox
Hill. It was then assigned by the
Ministry of Housing for the com-
munity centre.
Mr Mackey's committee was
well on the way with the project
and a foundation was built, the
plumbing roughing was installed.
The PLP lost office in 1992 and
the project stopped there. No
further work was able to be con-
tinued due, it is believed, to a
lack of funding.
Mr Mackey demitted office in
1997. The foundation was
untouched from the time the
PLP lost office up to the time of
Mr Mitchell's election in 2002.
Mr Mitchell campaigned dur-
ing the 2002 campaign that he
would seek to complete Mr
Mackey's dream of a community
centre for Fox Hill.
Mr Mortimer said that it was
discovered during the first year
of Mr Mitchell's tenure that the
land was not owned by the
Development Association
formed by Mr Mackey but was in
fact owned by the Ministry of
Housing and the public purpose
was housing.
"The new minister then Shane
Gibson determined that he want-
ed to revert to the earlier pur-
pose and build government
affordable housing on the land.
Mr Mitchell asked Minister
Shane Gibson not to proceed
until he had checked with the
community on the matter," the
Constituency Co-ordinator said.
Several community meetings
were held on the matter at the St
Mark's Baptist Church through


RBC Royal Bank of Canada


med Chairman


oC l'Cbba HBrdN anfDirturs


RBC FINCO is pleased to annourfce the appointment of Mr. Ross A. McDonald, Head
of Caribbean Banking, as chairman of the RBC FINCO board of directors. Mr.
McDonald takes over from Mr. Gordon J. Feeney, who has retired as chairman after
serving on the Board for the past 16 years.

"I am very pleased to announce that Ross has replaced me in this key role for RBC
FINCO. He will provide visionary leadership as RBC FINCO continues in its important
role as the leading provider of home financing for Bahamians," said Mr. Feeney.
"I am proud to have witnessed the outstanding financial performance of RBC FINCO
over the years and I look forward to hearing about the company's continued
success," he continued. *

"I eagerly accept this new challenge and look forward to working closely with
the board as we chart RBC FINCO's success moving forward," said Mr. McDonald.

As Chairman, Mr. McDonald will lead the RBC FINCO Board of Directors in Corporate
Governance oversight and in setting and implementing the bank's business
strategy, as it strengthens its presence and performance in The Bahamas. He is a
30-year veteran with RBC Royal Bank of Canada and is head of RBC's domestic
operations throughout the Caribbean Region.

Prior to accepting the position of chairman, McDonald served on RBC FINCO's Board
of Directors since 2001. He is currently a director of RBC Royal Bank of Canada
(Bahamas) Limited and RBC Royal Bank of Canada (Cayman) Limited, which
deliver trust and private banking services to offshore clients through Global
Private Banking.

About C FINCO
RBC FINCO, established in 1953, is a leading provider of single- and multi-family
home mortgages to Bahamians and attractive interest rates for its depositors. It has
;5 branches and 4 automated banking machines located in New Providence and
Freeport -RBC FINCO is owned 25 percent by the general Bahamian public,
representing approximately 4,000 shareholders, and 75 percent by its majority
shareholder Royal Bank of Canada.


2002. At the community meet-
ings, a comprehensive report was
given as to what the legal posi-
tion was and the community was
asked what was its wish. It was
decided that there should be a
community cenrw.

Facility

"The need for the new facility
was also influenced by the fact
that the Sandilands Primary
School does not have a facility
in which to hold its assemblies.
The architect was asked to
design a structure that could hold
the entire Sandilands School and.
he has done that with a 800- eat
auditorium," Mr Mortimer said.
There are also in addition to
bathroom facilities, banquet
facilities, a kitchen for catering


and a permanent office for the
Fox Hill Festival Committee and
a Computer Room and Reading
Room upstairs.
The facility will allow for Nat-
ural Ventilation and will be fully
air conditioned and also feature
day care facilities for children
and senior citizens. The facility
will also have a generator and
serve as hurricane shelter.
The estimated cost of the
building is two million dollars
and the value of the construc-
tion so far approaches one mil-
lion dollars.
The building, Mr Mortimer
said, is almost finished and the
cornerstone will be laid during
April by Prime Minister Christie.
He said that the donations to
this matter were started by a din-
ner sponsored by friends of Mr
Mitchell on his 50th birthday.


That event raised some $8,000
at the time and other contribu-
tions from friends of the Fox Hill
Member of Parliament.
"Woslee Dominion, headed by
Ashley Glinton, is the contractor
and he has done a yeoman's
work in bringing the structure to
where it is. Mr Mitchell, nor the
Committee, has a relationship
with any other contractor. All
the work has been done through
Woslee Dominion and his asso-
ciates.
"When the work is completed
the Honorary Treasurer will
have a full report from the pub-
lic as to the fundraising. Various
churches in Fox Hill have
pledged donations. Of note is a
contribution of $1,500 from the
staff and students of Sandilands
Primary School in Fox Hill," Mr
Mortimer said.


Worker's Party leader denies


assertions on a PLP website


M By TAMARA FERGUSON

WORKER's Party leader Rod-
ney Moncur has denied assertions r
on a PLP website that his public
demonstrations are being fund-
ed by Hubert Ingraham and the
FNM.
According to an article pub-
lished on Bahamas Uncen-
sored.com on February 28, under
the heading, "Who is paying Rod-
ney?" Mr Moncur was accused of
running political interference by
causing mischief during election
season.
The website also claimed that
he is representing the FNM and M WORK
that demonstrations are being leader Rod
funded by the FNM.
Bahamasuncensored said Mr
Moncur needs to come clean and tell the pub-
lic who he is really representing in these
demonstrations.
Mr Moncur hit back at the allegations yes-
terday, insisting that the Worker's party has
always been independent.
"Over the years, the party has either run as a
candidate, or supported the PLP or the FNM,"
Mr Moncur said.
Asked if he were being funded by the FNM,
Mr Moncur said the worker's party receives
its funding from supporters as well as from
members who are required to pay dues.
He said there are many other issues Bahama-
suncensored should focus on such as crime.


I
In


Mr Moncur said government
has failed to curb the murder
rate. He also criticised govern-
ment's Urban Renewal pro-
gramme.
According to Mr Moncur,
many criminal activities occur less
than a quarter of a mile from
Urban Renewal centres. "The
country is in crisis," he said.
He also criticised immigration
policies, stating that these poli-
cies are a failure.
In January of this year the
Worker's Party protested for the
five "baggage handlers" who
were arrested and charged with
R'S Party drug trafficking to be returned to
ey Moncur the Bahamas.
Mr Moncur alleged that gov-
ernment had conspired with US
authorities to entrap the men.
During this demonstration, the party also
called for Foreign Affairs Minister Fred
Mitchell to be stripped of his political portfolio.
In another protest, the party called for the
excommunication of Prime Minister Perry
Christie and Foreign Affairs Minister Fred
Mitchell from the Anglican church.
Just two days following photographs pub-
lished by The Tribune showing Immigration
Minister Shane Gibson and late celebrity Anna
Nicole Smith in close embrace, the Worker's
Party staged another protest to call for the res-
ignation of Mr Gibson as Minister of Labour
and Immigration.


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TRIBUN MONDY, MACH 19O2007,PAGES


0 In brief

Insurance
companies
give verdict on
car ownership
WHILE police and the Attor-
ney General's office are inves-
tigating the "true ownership"
of vehicles stolen as part of a
lucrative car theft ring, insur-
ance companies say that the
original owners have unequivo-
cal rights to the cars.
In a letter to the editor, the
Bahamas General Insurance
Association (BGIA) stated that
a thief does not have title to
stolen property and cannot give
ownership to the person to
whom he sells the property.
Therefore, the BGIA said, all
original owners of the cars in
question have the right to the
stolen vehicles and should have
their property returned to them.
Two months after police
broke a large car theft ring in
Andros, victims who were
robbed of their vehicles are still
waiting to regain ownership of
their cars.
According to initial reports,
the Attorney General's office
is currently investigating who
can claim ownership of a vehicle
once it has been stolen, sold and
resold several times over to oth-
er unsuspecting parties.
Cassandra Davenport, of the
Bahamian Forum expressed her
disbelief that her daughter
Janine was told by officials from
Road Traffic that the vehicle,
which was stolen from her now
belonged to the new buyers of
the stolen property.
Road Traffic officers report-
edly. told Ms Davenport's
daughter that she needs to get
reimbursed for her stolen car
by her insurance company.
However, co-ordinator of the
Bahamas General Insurance
Company Robin Hardy is refut-"
ing this, stating that "no matter
how many hands the stolen
property passes through, title
remains with the original owner.
"In the cases in question,
even if the purchasers bought
the vehicles genuinely believ-
ing that the seller had a clear
title to the vehicles, in law they
have no title and the vehicles
should be returned to the orig-
inal owners from whom the
vehicles were stolen," Mr Hardy
said in his letter to the editor.
The BGIA also pointed out
that if the original owner was
compensated for their loss by
an insurance company, then the
rights to the vehicle pass to the
insurance company that can
then dispose of the vehicle or
return it to the original owner.

Man faces

firearm and

ammunition

charges

FREEPORT A Freeport
man was charged with numer-
ous serious offences in Freeport
Magistrate's Court on Friday.
George Alexander, 25, of
No. 40 Clarke Avenue, was
arraigned on firearm and
ammunition charges in Court
Two before Magistrate Subu
LaSalle.
He was also charged with
resisting arrest and assaulting
police officers with a deadly
weapon.
It is alleged that on March 15
the accused, who was suspected
of possessing a firearm, was
involved in a violent struggle
with police officers as they
attempted to disarm him. Dur-
ing the struggle, the weapon dis-
charged, but no one was
injured.
Alexander was represented
by Brian Hanna. He pleaded
not guilty tothe charges and
was granted $5,000 bail with one
surety. The case was adjourned
to October 23.


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FriizeFugcie


Foulkes: last five




years have been


THE past five years of the
Christie administration have
been disappointing Sir
Arthur Foulkes said yester-
day when he appeared on
Gems 105.9's talk show.
"Tell It Like It Is", hosted
by Sean McWeenv.
One of the major issues in
this election, he said, is going
to be Prime Minister
Christie.
"All of us I think in the
country generally felt that
Perry Christie is a decent
human being, very likable,
not a victimizer, not a person
who would indulge in the
politics of personal destruc-
tion and all the rest of it.
"But I think after a while
that wears off in the face of
so many other things. I
believe the Bahamian public
now regard Mr Christie as
indecisive; that's the word we
hear mostly in criticism of Mr
Christie," Sir Arthur said.
The political pioneer said
he believes Mr Christie's
intentions are good and he
has a capacity to articulate
the vision, but history will
show that his indecision was
his Achilles heel.
"You could be a good guy
and you could tolerate fool-
ishness up to a point, beyond
that point, even if you don't
indulge in it as a leader, the
foolishness becomes yours
and I think that has been Mr
Christie's big problem," Sir
Arthur.said.
However, he admitted
that Mr Christie's greatest
strength is his personality
and the perception that he
is a decent person.
But, if the FNM were to


r- I


he elected the government in
the next election. Sir Arthur
said that they would have to lis-
ten more, not to be in as much
of a hurry as before and be
careful about process.
"I hear people say we have
good public relations, but I told
Mr Ingraham that when I was
away I was amazed at some of
the things you did that I wasn't
aware of. Be careful about cul-


ture, cultural changes, cultural
legislation. The referendum was
about culture. Make no mistake
about that. You have to be very
careful with that.
"We ran into that in the ear-
ly days of the PLP when some
of us progressives got up there
talking about women ... we were
blown out of the water. The
women were saying 'so why she
going tip there with the men?' It
is a cultural thing and it is unfor-
tunate and we have to take our
people step by step," he said.
Sir Arthur said that h& did
not think the FNM or any other
government would make that
mistake.
"The referendum, although
process was made the rallying
cry, it really wasn't about
process issues, it was about the
issue itself about whether
women should be 100 per cent
equal to men in all respects that
was the issue and a lot of
women did not buy it," he said.


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MONDAY, MARCH 19, 2007, PAGE 3


- TRIBUNE














I]t] a41L N I


S 11 IS MORNING Prime Minister Christie
to the I louse to present the Boundaries
: it i :usion report.
[Ih only certainty -- until thie report is
i .iaill\ laid on th(lie table of the House -- is
(it al dontau MP Brent Symonette,
\ hl',C opinion was treated with complete con-
iteipt b\ the commission, did not sign the
ir-p i-rt.
What we have been told so far is that
instead of 40 constituencies, there are now
41. dcspile the fact that up to March 12 when
thl uiJ register closed, there were fewer vot-
ers 'o: lihe new icgister than on the old. We
have also been told that five constituencies
have been eliminated and four new ones cre-
ated.
't his is what was in the report submitted to
the governor-general, who, on signing it,
returned it to Mr Christie for his further con-
sidcration and presentation to the House. It
wi,, till in Mr Christie's power to change the
report if he did not agree with any of the
boundary changes. That is why we say that
ii one will know for certain what those
iri,,daries are until Mr Christie has spoken in
S. house today.
However, what everyone who is aware
. hat goes into making an election func-
*.. 'mnoottbly - already knows is that within
ii : constraints; from here until the elec-
is ca!" 1 tdiet i is going to be complete
I. 1t Clhistie has already announced that
S. ltion will be called on or before May 2.
Sd,,ni Lnow if he has consulted a calendar
y, blut we do know that the calendar is
Sgoi'g to accominodate him, and time is
c..icl.iy rluimig out. Mr Christie has until May
.when. according to the Constitution, if he
! :->es nothing, parliament will dissolve itself.
vi V the tine now left to iim and the enor-
1 "iius amount of work yet to be done before
i election, it would indeed be a miracle if
Bhaiaians go to be polls on or before May 2.
Apparently, when the PLP commission
inembers presented the report representing
it as their completed plan to FNM Deputy
i e!'r Brent Symonette for his considera-
ioi. :.. ifter consultation with his leader,
Jirc;d i (Iof the proposed boundary changes
to N ,' Itlovidence's 24 constituencies. There
;vcre no changes in the Family Islands. The
I'LP took the FNM recommendations away
jor further consideration.
What they eventually came back with was
<.> radically different from what they had pro-
i..ed and to what had been agreed with the


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Opposition that Mr Symonette refused to sign
their new report.
When the FNM became the government
in 1992, there were 49 seats in the House. The
new government did not think that the voter
register justified that number of seats, nor
could the country afford 49 MPs, and so in
1997 the constituencies were shaved to 40.
Today with even fewer registered voters, Mr
Christie's government, instead of reducing the
constituencies even further, has increased
House seats by one from 40 to 41.
It is unlikely that the House will be pro-
rogued this week. The report will be present-
ed on Monday and debate will start on
Wednesday. The last time that there was a
boundaries debate, members spent five days
debating. With the electoral register down, it
is obvious that Mr Christie is trying to keep the
House in session as long as possible because as
soon as it is prorogued, the register closes -
and, unless there is a tremendous last minute
rush, Mr Christie will not get the numbers he
had hoped for. However, it is highly unlikely
that the House can continue to sit past next
week.
By Mr Christie's failure to close the old
register sooner, he has thrust an almost impos-
sible job on the parliamentary registrar's staff.
Within the next eight weeks, that staff will
have to write out by hand new voters cards
with their counterfoils for the dramatic
changes in the newly created constituencies, in
addition to the boundary changes in the
remaining constituencies. It has been esti-
mated that by the time that the two cards and
counterfoils for each voter have been written
out, the department will have had to make
360,000 changes by hand before the cards can
be put in the computer and distributed to vot-
ers. The parliamentary registrar has two weeks
in which to certify the register; the ballots
then have to be printed and the voters register
has to be published. The election will then
have to be called within four weeks with the
police having to vote a week before the public
goes to the polls.
As Mr Christie has planned this election,
there will be voters still running around on
election day when the polls are closing trying
to find their polling division.
One has to wonder whether this chaos has
been created by design, or by sheer incom-
petence.
Whatever it is, this election promises to go
down in history as an election of colossal mis-
management almost fit for the Guinness
Book of Records.


Report





tourism


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

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

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G.,
(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
C 'ontrihuting Editor 1972-1991

L.II .LI'N DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 1972-

Published Daily Monday to Saturday

Shirley Street, P.O. Box N-3207, Nassau, Bahamas
]int anc' Management Building., P.O. F-485, Freeport, Grand Bahama

TELEPHONES
1 Uini( hl;oard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department (242) 502-2387
Nassau Fax: (242) 328-2398
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Freeport fax: (242) 352-9348


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EDITOR, The Tribune.
THERE is an old saying
that "it isn't bragging if it is
true!" One of the things that
all Bahamians like to brag
about is that "it is better in
the Bahamas!" However, the
billion dollar question is
whether this assertion is
indeed factual? Or it is just
something Bahamians say to
identify as a Bahamian? A
recent statement in The Tri-
bune dated February 27, 2007
entitled "Nassau, Freeport
face low recommendations"
provides some interesting
answers for the nation's num-
ber one industry, that of
tourism, based on an exit sur-
vey conducted by visitors to
the Bahamas. Some of these
responses gave failing grades
to some of the destinations
in the Bahamas, indicating
that the "Better in the
Bahamas" slogan may be just
a myth.
The destinations were eval-
uated using various criteria
such as activities available,
value for money, taxi/tour
operators, cleanliness, service,
attitude of the people, etc.
Grand Bahama was at the
bottom with an unacceptable
score of 46.4 per cent of per-
sons saying that they would
recommend Grand Bahama
to others. Nassau was slightly
ahead with a score of 56.1
with the main complaint
being a pricey destination.
When one considers the
tremendous amount of mon-
ey the government of the
Bahamas spends on adver-
tisements and other pro-
grammes promoting Grand
Bahama. the Bahamian tax-
payer is not getting a good
bang for their buck.
There seems to have been a
failure for Grand Bahama
despite all of its resources to
find a niche in the tourism
market. Its proximity to the
United States, just 51 miles
from West Palm Beach, has
not been a trump card. Its
only attraction appears to be
the cheapness of the tourism
product on Grand Bahama.
The hotel rooms are offered
at bargain basement prices
and many of the tourists com-
ing to Grand Bahama are
referred to as the "Burger
King" or "Kentucky Fried
Chicken" tourist, a reflection
of the fact that they are on a
tight budget.
Over the past two decades,
the quality and the number
of hotel rooms on Grand
Bahama had been on the
decline. Efforts by both the


Ministry of Tourism and the
Grand Bahama Promotion
Board have not produced an
anticipated improvement in
tourism for Grand Bahama.
With no significant increase
in the number of hotel rooms
during that time, the tourism
industry on Grand Bahama
can only be described as
"stagnant." Along with a
decline in the number of
hotel rooms is a limit in the
number of airlift seats coming
to Grand Bahama. This is a
chicken and egg syndrome as
the airlines say that they need
more hotel rooms to expand
and the hotels are saying that
they need more airline seats
to expand. Tourism projects,
such as the one by Ginn at
West, are really long term
and the public should not
expect any short term relief.
To make matters worse, the
Royal Oasis, one of the
largest hotels in Freeport, has
been closed since hurricane
Frances in 2004. There is
widespread speculation that
the re-opening of this resort
will usher in a new era for
Grand Bahama tourism. The
sad reality, however, is that
there is no quick fix for the
Grand Bahama tourism
industry. The sale of the Roy-
al Oasis is not the quick fix
that everyone is hoping for.
In the dilapidated state that it
is in and being over forty
years old, a reasonable sug-
gestion would be to implode
it and start fresh as they do so
often in Las Vegas (by coin-
cidence the implosion of the
Stardust Hotel in Las Vegas
is now on the CNN Headline
News). Even the Internation-
al Bazaar should have an
appointment with the bull-
dozer. What will improve the
Grand Bahama tourism prod-
uct is the elimination of the
stink attitudes and poor ser-
vice that we accept as the
standard for Grand Bahama.
I have often jokingly com-
pared the Grand Bahama
tourism industry to the
"Pirates of the Caribbean" in
the scene where Johnny
Depp is being chased by the
natives with spears and sticks
off the island. Ironically, this
very scene I believe was
filmed on Grand Bahama. On
Grand Bahama, judging by
the poor performance in the
exit survey, this is exactly how
tourists are treated.
On the other hand, Har-
bour Island or 'Briland con-
tinues to be the shiny dia-
mond in the crown of the
Bahamian tourism industry.
Not only has 'Briland out per-
formed all of the islands of
the Bahamas, but it has the
unique distinction of being
the best tourist destination in
the entire Caribbean region.
This region includes 26 coun-
tries with 44 different desti-
nations. In the exit survey,


DR LEATENDORE
PERCENTIE, DDS
'Briland,
March 14, 2007.


r -




Mrs. Annie D. ial1ton
Sunrise: October 16th, 1939 Sunset: March 9th, 2001 a J


on
.-




im


'Briland received the fantastic.
score of 82.6 per cent and is-
the Bahamian destination'
most likely to be recom-
mended by visitors. Ever
more impressive is the fact
that in most categories o.
repeat visitors, 'Briland.
maintains a 90 per cent plus
chance of returning, not just-
once, but many times over.
Unlike the "chicken in the-
bag" tourist who comes to.
Grand Bahama, 'Briland
attracts the world's best. It is,
a common occurrence ta"
meet a family who spends-
$10,000 or more per week'
during their 'Briland visit.'
Many come on their private,
jets or mega yachts and so
can travel to almost any oth-,
er destination in the world.
Instead, they choose to come
to 'Briland.
What is it that attracts the
rich and famous to this,
Bahamian paradise? Yes,
'Briland is blessed with natt.
ural resources, such as the
Pink Sands Beach. However,*
within minutes of arriving at:
'Briland, one would quickly,
discover what makes 'Briland
so special. The greatest
resource and treasure of 'Bri-
land is the people. The friend
lines and hospitality of thesi
people are known the world'
over. Like Colonel Saunderp
of KFC, whose claim to fame
was that they do chicketk
right, 'Brilanders treat the"
tourist right. From the ferry-
men to the taxi drivers, an+4
from the waiters to the enter.
tainers, it is a natural effort tod
make any stranger feel wel-I
come as they enjoy the "'Bri-1
land Sweet, Eh" experience.
A warm smile and a sense of4
appreciation of them coming
to 'Briland goes a long way,
The goodwill of such a1p4
elite tourism product was4
developed over the years by,
our forefathers who had the
vision and dedication to nur-
ture what we enjoy today..
Until 1995, 'Briland didn't;
even have a Ministry of
Tourism office and so it is th p
people who deserve the credr-
it for this success story. :
One regret I have in all this t
was conveyed to tourism'
Minister Obie Wilchcombe in;
2005 when 'Briland was'
awarded the best destination
in the region title. It is dis-{
turbing that this award was a
'Briland award and not .
Bahamian award. Does iti
mean that the qualities inher-r
ent to 'Briland life are absent'
in other Bahamian islands,*
If this is the case then hope,*
fully the other islands woulit
learn from 'Briland.
The Ministry of Tourism
has now implemented a poli-
cy of marketing each Bahami",
an Island destination sepa-*
rately. Those that fail to reac.-'
the mark will simply be left..
behind!
,


PAGE 4, MONDAY, MARCH 19, 2007


I_.....


THE TRIBUNE,














THE TRIBUNE


MONDAY, MARCH 19, 2007, PAGE 5


I- LCAL EWS


o In brief

Woman is

seriously

injured in

accident

A YOUNG woman is in
hospital in serious condition
after suffering multiple
injuries in a traffic accident
i. West End on Saturday.
According to reports, Pip-
pa Smith, 25, of Deadman's
Reef, was driving her 2006
Toyota Corolla around
1,30pm on Saturday when it
skidded off the road and
crashed into two utility poles
on Queen's Highway.
Supt Basil Rahming
reported that both poles
Were snapped in half by the
vehicle on impact. He said it
is believed that Ms Smith
was speeding when she lost
-control of the vehicle just
before reaching the Ginn sur
Mer administration com-
pound.
He said passing motorists
stopped at the scene and
helped Ms Smith from the
wreckage. She was rushed
by ambulance to the Rand
Memorial Hospital, where
she is detained with a bro-
ken arm, fractured pelvis,
ruptured bladder and other
bodily injuries.
' Police are urging motorists
to slow down and to resist
the temptation to speed in
isolated areas.
SInvestigations are contin-
uing into the incident.


T PAL

jElTRMNAOR


PM Christie allowing supporters to



launch personal attacks, says FNM


PRIME Minister Perry
Christie has given his supporters
free reign to launch mean-spir-
ited and personal attacks on
anyone who would disagree
with the PLP, the FNM claimed
yesterday.
In its weekly commentary,
the FNM yesterday sought to
debunk claims Prime Minister
Perry Christie made in an April
4, 2002, speech at Clifford Park.
Among the quotes by Mr
Christie that the FNM sought
to draw attention to was the fol-
lowing: "You see, I want to help
build a great country. And this I
know: we can never achieve
greatness unless we first learn to
get along with each other. We
must celebrate our diversity,
whether it be ethnic, religious,
political or social.
"We must celebrate that
diversity, not condemn it; we


must nurture it, not suffocate
it. We must never persecute
someone just because he thinks
differently or votes differently
than we do."
In light of that statement by
Mr Christie, the FNM said it is
strange that the prime minister
has allowed the PLP chairman
Raynard Rigby to claim on the
party's website that the PLP has
"systematically and routinely
attacked those who are opposed
to our philosophy."
The FNM asked yesterday:
"Which is it Mr Christie? Does
the PLP celebrate diversity or
does it systematically and rou-
tinely attack those who disagree
with its philosophy?"
"Bahamians now realise that
Mr Christie hides behind and
gives free rein to scores of
mean-spirited and personal
attacks on many who are bold


* PERRY Christie: under fire
for comments at rally

"enough to disagree with the
PLP," the FNM said.
After his "malicious attacks
at the last PLP rally", the oppo-


Rigby hits out at 'senseless criticism'


PLP chairman Raynard Rigby
yesterday in a press release hit
out at the FNM's "senseless crit-
icism" of the benefits that have
ensued to the Bahamian econo-
my under the PLP's anchor pro-
ject economic strategy.
He said that the opposition has
shown that they do not under-
stand the opportunities that have
been created for the Bahamian
people by the expanding of the
national economy to centres oth-
er than Nassau, Freeport and
Marsh Harbour.
"It is a fact that there has
been no significant sale of land
from Bahamians to non-
Bahamians under this PLP gov-
ernment as compared to any
other period in our national
development. In fact it is the
public record that it was the
decision of the FNM to repeal
the Immovable Properties Act
and replace it with the Interna-
tional Persons Landholding Act


(IPLA) which allowed the
floodgates to open wide," the
PLP chairman said.
Under the International Per-
sons Landholding Act (IPLA),
non-Bahamians are able to pur-
chase up to five acres of land
for residential purposes, with-
out seeking the prior approval
of Government.
Mr Rigby argues that as a
result of the passage of the
IPLA, many non-Bahamians
were able to speculate in
Bahamian real estate, which
was contrary to the national
investment policy under the
previous PLP administration.
He pointed out that the FNM
reduced the stamp tax on the
purchase of land by non-
Bahamians. Under the previous
PLP administration a foreign-,
er who acquired property in the
Bahamas paid double the stamp'
duty that a Bahamian would
have paid.


"It is also obvious that the
FNM does not remember that it
was their policy that led to the
increase of the eligibility
requirement for economic per-
manent residence from $250,000
to $500,000. They increased the
stamp duty on real estate trans-
actions with a value of $250,000
or more to 10 per cent.
"They wanted to maximize
Government revenue due to the
Canadian demand for perma-
nent residence in offshore juris-
dictions for tax purposes... it
significantly crippled the
Bahamian middle-class as prices
of affordable middle-class
homes increased overnight due
to the foreign demand for
inventory priced in the $500,000
range" Mr Rigby said.
Bahamian households, he
said, have enjoyed a 14 per
cent increase in personal
income during this same period
or 3.5 per cent per annum. The
incremental increase in per-
sonal income is outpacing the
rate of inflation which is con-
tained at 1.74 per cent per
annum.


sition party said, Mr Christie
can "no longer pretend to be
Mr Nice."
The FNM also said that the
prime minister should "stop
pretending about another pas-
sionately delivered statement
he made at Clifford Park almost
five years ago".
At that time Mr Christie said
that the PLP members must
conduct themselves in govern-
ment according to an "uncom-
promising code of complete
integrity and transparency."
"If we set the right example
at the top, it will filter all the
way down to the bottom, both
in the public sector and in the
wider society," Mr Christie said.
However, the FNM claimed
yesterday that the "new" PLP
seemed to have started where
the last PLP left off "in terms of
corruption".


"Even after the most obvi-
ously unethical and irresponsi-
ble behaviour by Ministers and
backbenchers, Mr Christie only
acts after intense public pres-
sure and disastrous political
consequences, and then quite
inadequately. He has failed
utterly to fulfil his promise of
accountability and transparency
in his government," the FNM
said.
The FNM stated that Mr
Christie is good at promising
investigations into the multiple
scandals drowning the PLP, but
that the people of the Bahamas
never seem to be able to get
the results of those investiga-
tions.
"Remember the Korean
boat scandal early in his admin-
istration? We have yet to hear
about the results of that inves-
tigation," the FNM said.


GIFT & BRIDAL REGISTRY
S, Harbour Bay Shopping Centre /-,
Ph: 393-4440 or 393-4448 ,7


in[OTEWdmUIVf13Urservs th
rih t ak0 as int
progr mm c an es











THE TRIBUNE!
I


PAGE 6, MONDAY, MARCH 19, 2007


Medical tourism: a chance to address many ills


* By Sir Ronald Sanders
(The writer is a htsine'.ss c.vC -
utive and former (Caribbcaln
diplomat).
M ANY of the state
owned and operated
hospitals in the
Caribbean are in poor condi-
tion. Notwithstanding compe-
tent doctors and nurses, the
physical condition of niany of
the hospitals is bad and their
equipment and technology arc
inadequate.
Against this background, it
may seem odd that I am sug-
gesting in this commentary that
Caribbean governments, finan-
cial institutions and tourist
resorts should invest in health
tourism.
Nonetheless. I do suggest it


I,


as a chance not only to, add a
lucrative string to the bow of
(C'i ihhb tlourisin, but also as
.i11 opportunity to provide local
people \\ith better hospitals and
impro\vcdl health care for a wide
Range' o( illnesses.
\ huge market is rapidly
developing in the United States,
ain;da and Europe of people
who arce going abroad to seek
Irgent medical attention, cos-
metic surgery and rehabilitation
in salubrious climes.
And. there is a massive drive
by several developing countries
to corner a significant portion of
this growing industry.
During this month alone
there are two events at which
alliances will be built to take
advantage of the opportunities
that health tourism is opening.
The Department of Tourism


in Kerala, a state in the South of
India, in partnership with the
Confederation of Indian Indus-
try (CII) is organising a show
and an international conference
on health tourism which will be
attended by prominent medical
tourism hospitals, medical insur-
ance companies and the travel
trade.
The state minister for tourism
Kodiveri Balakrishnan said:
"As a state, Kerala is leading
in the area of medical tourism.
We are planning to announce
a Medical Tourism Policy dur-
ing the inaugural session" of the
show.
Then, the Cyprus Tourism
Organisation is sponsoring a
World Health Tourism Con-
gress, targeting Corporate Buy-
ers in the HealthCare Tourism
Industry, Medical and Wellbe-


np ein Miord La


tL Used Car


Prices includes: I.icensing. Inspcction. I'lates, Mats, Full tank of gas. full service
Pre-Delivery Inspection, Full Detail In & Out, and Warranty.


ing tourism, Ministries of
Health, Corporations and Trav-
el Agencies.

here is good reason for
this keen interest in
medical tourism.
Some countries, such as the
United Kingdom and Canada,
which operate public health-
care systems, are so overbur-
dened that it can take a year or
more to get needed medical
treatment including surgery for
hip replacements. In some cas-
es, even surgery for heart con-
ditions can take months to
schedule. Consequently, people



A huge market is
rapidly developing
in the United
States, Canada and
Europe of people
who are going
abroad to seek
urgent medical
attention, cosmetic
surgery and
rehabilitation in
salubrious climes.



are opting to go abroad to
places like India and Singapore
to be treated immediately in pri-
vate hospitals.
The cost of treatment in pri-
vate hospitals in North America
and Europe is much higher than
it is in developing countries that
have dedicated resources to
medical tourism.
A study conducted by the
Confederation of Indian Indus-
try and McKinsey consultants
estimated "medical tourism"
could be worth over US$2 bil-
lion by 2012. The study
revealed that last year over
150,000 foreigners visited India
alone for treatment, with the
number rising by 15 per cent a
year.
A similar number of Ameri-
cans, dissatisfied with the esca-
lating costs of health care,
sought surgery abroad in 2006


insue


WORLD VIEW

and the number is growing.
This is a reality recognized by
US health insurance companies |
who see a benefit to their prof- .
its by offering their subscribers
treatment at, for instance, Bum-
rungrad hospital in Thailand, if
their policies do not cover the
costs of US hospitals for proce-
dures they need.
Increasingly, more private
insurance providers will be
doing the same.
The middle-east is also a
growing market for medical
tourism.
Many wealthy Arabs, who
used to travel to Britain and the
United States for medical treat-
ment, have discovered that they S]
can receive as good medical
attention in better climates and
at better prices in India, Singa- gen
pore, the Philippines and geol
Malaysia all of whom are nurse
hustling to develop the market day
still further. and
And, the private hospitals in I
these developing countries have vide
extremely healthy bank haps
accounts. For instance, Mr. ket
Chai Sophonpanich, the Chair- wot


The middle-east
is also a growing
market for
medical tourism.



man of the Thai hospital, Bum-
rungrad, which is a publicly
traded company, reported at the
end of 2005 that the hospital
served more than a million
patients from over 190 coun-
tries paying an impressive divi-
dend to its shareholders.

B oth at home and in the
Diaspora, the
Caribbean has highly trained
and skilled doctors ranging from


hom
there
luci
horn
skill
who
by t
B
reqi
of K
a mi
erm
tives
inv
equ:
and
to p
hea
I
com
who
that
and
in it

R
sani


IR Ronald Sanders


eral practitioners to sur-
ns and specialists. Caribbean
ses are also poached every
for work in the UK, the US
Canada.
Undoubtedly, they can pro-
as good a service and per-
s better to the growing mar-
for medical tourism. It'
uld keep their talent at
ne, and bring home many of
n. And, while they serve a
native foreign market at
ae, they could also give their
Is to the local population
ose costs could be subsidized
he foreign clientele.
But, such a development will
uire precisely what the state
Kerala is about to announce:
medical tourism policy by gov-
ments that includes incen-
s for private companies to
est in modern, well-
ipped, well-paying hospitals
a strong marketing effort
promote the Caribbean as a
lth tourism destination.
It will also need visionary
ipanies and financial backers
o recognize the opportunity
t medical tourism presents
seize the moment to invest

responses to: ronald-
ders29@hotmail.com


Caribbean Bottling Co. (Bah.) Ltd


Has a vacancy for a Laboratory Technician.



Responsibilities include, but are not limited to:


*Verifying incoming materials
*Microbiological testing
*Ensuring finished product quality




The successful applicant will be a highly motivated


individual, who is able to perform


in a fast paced


environment. A miUnimum of an Associates Degree in
a science related field or prior laboratory experience
essential.


Must be willing to work day, night and weekend shifts
when necessary


Salary will be commensurate with experience.


Please submit written resume to on or before March
30th, 2007, to:


The Human Resources Department
P.O. Box N-1123
Nassau, Bahamas


SCHDRE
SCHOOL


0 world school


ENROL IN THE INTERNATIONAL BACCALA UREA TE DIPLOMA
PROGRAMME A T ST. ANDREW'S SCHOOL


The International Baccalaureate Diploma Programme (IBDP) is an exciting and
challenging academic programme that prepares high school students exceedingly
well for their tertiary education. The two-year programme is offered in Years 12
,and 13 at St Andrew's School and is highly favoured by universities and recognized
by the ministries of education in over a hundred countries worldwide as an
outstanding introductory curriculum to university education. As a result, it opens
the doors to students to study at renowned universities anywhere in the world and
many students receive additional scholarships upon successful completion of the
diploma. North American universities highly value the IB Diploma students in the
admissions process. Many students receive advanced standing and, in some cases,
complete credit for their Freshman year in universities.

The following will be reviewed by the school when considering students applying to
the programme:

BGCSE results
SAT scores
School reports and recommendations

Information pamphlets on the IBDP and the various courses offered at St. Andrew's
School are available from the Admissions Office.

For further information, please contact:


Sharon Wilson
Admissions Officer
St Andrew's School
Phone: 242.324.2621


e-mail: swilson(Cast-andrews.com


Additionally, general information may be obtained on the International
Baccalaureate website at: www.ibo.org


-I I










MONDAY, MARCH 19, 2007, PAGE 7


LC NE


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P AMERICAN artist Vickie Winans singing at the PLP's 'Prayer and Praise' at the Radisson 0 PRIME Minister Perry Christie addresses the assembly
Cable Beach

PLP has

a 'Prayer
and Praise'
event at
Radisson
M WALLACE Rolle,
candidate for South
Beach, Gary Sawyer,
South Abaco, Hope
Strachan, Sea Breeze, and
Jackson Ritchie, Clifton
(Photos: Franklyn G
Ferguson)



Former MP: think



hard about who



represents parties


S POLITICAL parties must be
7 extremely careful about whom
they propose to represent their
interests in the House of
Assembly, former PLP MP and
current chairman of the Hotel
Corporation George Smith said.
Speaking at a meeting of the
Rotary Club of West Nassau,
Mr Smith said that the same
yardstick must also be applied
to those appointed to the
bahamas Senate.
"In the Bahamas today,
although both major political
prganisations have more or less
completed their proposed slate
of candidates for nominations
in the upcoming general elec-
tions, it is important that every-
bne understands that such a
nomination process is not a fait
accompli until nomination day,"
he said.
Mr Smith pointed out that
there is always time to amend,
to re-think, to decide anew,
repent and ask the forgiveness
bf some constituencies if the
parties feel they are offering
constituents an unfair deal.
"I say td the leaders of both
inajor political organizations
that what your party has done
thus far, and will continue to do
and to promote, will not be
Written in stone until that fateful
nomination day, when will
come the people's time to
decide," Mr Smith said..
It has been rumoured among
political pundits that Mr Smith
may offer as an independent for
the Exuma constituency.
The former MP said that the
people deserve and have every
right to expect decent and com-
petent choices in every con-
stituency.
"People must be convinced
that their candidate's voice
would be heard in parliament,
he could have a seat at the table
and that he knows how to deal
with those who control things.
In this way people would renew
their faith in the principle of
government for the people," Mr
Smith said.
Bahamians, he said, want to
believe that their representa-
tive would be there for them
when "the lightning strikes."
It has always been a point of
comfort for him, Mr Smith said,
to believe that a good repre-
sentative does not have to pos-
sess the "wisdom of Solomon",
but that "some measure of the
humility and understanding of
Solomon would help."
"I went on the daunting front
line of politics in the Bahamas
When I was first elected to par-
liament for the Rolleville con-
stituency of Exuma at the ten-
der age of 25, serving for almost
three decades.
"Some are saying that I am
not yet off that formidable front


* GEORGE Smith


line, and indeed people keep
asking me that question. The
answer I give most of the time is
one which wise old Bahamians
have been giving for many
years: .'You talk some and you
keep some'," the hotel corpo-
ration chairman said.


In these times of great social
challenges, when this whole
nation is struggling to get and
keep impressionable young peo-
ple on the right track, politi-
cians, Mr Smith said, need to
be careful.


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COMPUTERS LIMITED


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The problems of generation land


THERE has been much
talk over the years of a
comprehensive Land Use Poli-
cy. In recent years the issue has
been given increased rhetorical
urgency by politicians, although
it remains to be seen whether
anything substantive will come
of it anytime soon.
For the moment at least, all
eyes are on those aspects of
land policy that affect non-local
acquisition of Bahamian real
estate and its presumed effect
on local purchasing power. In
some areas of The Bahamas,
such concerns are justified, since


T PICTET 9
1805


a lack of planning and sudden
development has literally left
many locals feeling left out in
the cold as a result of a precipi-
tous climb in land prices.
But what risks being over-
looked yet again is the retarding
effect that certain "traditional"
Bahamian forms of land own-
ership are having on the devel-
opment of the local side of the
economy in the Family Islands.
even while the foreign domi-
nated real estate and investment
industry booms.
Exuma is a case in point. As
an island that is booming from
end to end, Great Exuma offers


PERSPECTIVES


AND


R EW


locals with private landholdings
many opportunities to share in
the wealth that is being pro-
duced in the island's economy.
Juxtapose a photo of George
Town ten years ago with one
taken today and the contrast is
pretty stark. Locals have clear-
ly made quite a lot of money
on sales of land in the last
decade. But they have also used


RoyalStar
Assurance


ALLEN

the opportunity afforded by ris-
ing real estate values to invest in
new shopping centres and com-
mercial buildings everywhere.

But, as in other islands,
Exuma suffers from a
dual system of land ownership,
in which the hearts of tradi-
tional settlements are either col-
lectively owned "generation
land", or less commonly, com-
monage, as in parts of North
Eleuthera adjacent to Harbour
Island.
Parts of such settlements as
Rolletown, Steventon and
Moss Town, and virtually all
of Barraterre are presently
dominated by generation land,
under which any verifiable
descendant of the township is
entitled to build and occupy a
part of the property.
The problem with generation
land is that its occupiers never
become private owners of their
parcels and are thus incapable
of producing the kind of title
required for bank financing.
They are also not able to sell
the land, rendering it essential-
ly alienated from the rest of the


island's booming economy.
A friend who is a winter res-
ident in Exuma recently
remarked how guests of his
often question the abundance
of half built structures sitting
on land that is clearly valuable.
Of course, what they do not
know is that, no matter how
pretty it is, "generation" land
simply cannot attract the financ-
ing normally required for build-
ings for improvements. Locals
simply build as they get the


money, creating uncoordinated
and somewhat sloppy looking
settlements.

Worse still, since gen-
eration land tends
to comprise the central areas of
traditionally settled townships,
there is a real probability that,


as islands like Exuma urbanise,
the centres of these settlements
will form ghettos of under
investment. The only Exumians
excluded from bankable titles
to real estate (a crucial key to
upward mobility in The
Bahamas) will be those unfor-
tunate enough to inherit only
rights to generation land.
Presumably, the way around
all this would be for an enlight-
ened government (ah for one
of those!) to at least study the


prospect of a comprehensive
reacquisition of generation land
by the crown with a view to reg-
ularising titles. In the meantime,
there would appear no more
just and reasonable use for pre-
sent crown land holdings than
to offer grants of crown land by
way of exchange for rights to
generation land.


JJ
Friday, March 30th, 2007 Saturday, March 31st, 2007
St. Paul's Church Hall St. Andrew's Kirk
8:00 P.M. 8:00 P.M.
Members: $25.00 Students: $10.00
Non-members: $35.00


The Albek Trio Will Perform Works By:
Mozart Shostakovich Faila Sn:-"C 1. -_.

Reservations and Tickets Available at:
A.D. HANNA & CO., Deveaux Street 322-8306
STAR GENERAL, Marathon Road 393-5529
MOIR & CO., Lyford Cay Shopping Centre 362-4895
and View the Programme at www.nassaumusicsociety.org


Be In


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Be In New York City on Playtex!
Name: Telephone:
Address:
Entries without receipts cannot be counted.
NYC is the Big A __ E


CARAVEL BEACH SUBDIVISION SECTION 1
LOT NO. 75
PROPERTY SIZE: Multi Family Sixplex Apartment
Complex (19,055 sq. ft.)
LOCATION: Bonita Lane & Bluefish Street
APPRAISED VALUE: $420,000


U ,


HAWKSBILL SUBDIVISION
LOT NO. 124
PROPERTY SIZE: Single Storey Residence
(5,400 sq. ft.)
LOCATION: Abaco Drive
APPRAISED VALUE: $70,000

EIGHT MILE ROCK
PROPERTY SIZE: Incomplete Single Family
Duplex (5,000 sq. ft.)
LOCATION: Main Settlement of Eight Mile Rock
APPRAISED VALUE: $145,000

YEOMAN WOOD SUBDIVISION
LOT NO. 7 Block 1 Unit 1
PROPERTY SIZE: Single Storey Residence
(13,660 sq. ft.)
LOCATION: On a Cul-de-sac off Albatross Circle
APPRAISED VALUE: $96,000

MALIBOO REEF ESTATES SUBDIVISION
LOT NO. 104
PROPERTY SIZE: Duplex Building (11,866 sq. ft.)
LOCATION: Galleon Avenue & Outrigger CT
APPRAISED VALUE: $360,000

GRAND BAHAMA EAST SUBDIVISION
LOT NO. 27 Section 21 Block "D"
PROPERTY SIZE: Single Storey Residence
(10,446 sq. ft.)
LOCATION: Linday Drive
APPRAISED VALUE: $59,000


ARDENT FOREST SUBDIVISION
LOT NO. 25 Block 2 Unit 1
PROPERTY SIZE: Single Family Incomplete
Residence (0.34 acres)
LOCATION: 250 Yards West of Midshipman Road
APPRAISED VALUE: $62,842

ROYAL BAHAMIAN ESTATES
LOT NO. 225 Section 28
PROPERTY SIZE: Single Family Residence -
3 Beds / 2 Baths (21,250 sq. ft.)
LOCATION: Inagua Avenue
APPRAISED VALUE: $204,000


LS DR EI ES-ACAT 7 TS


LINCOLN GREEN SUBDIVISION
LOT NO. 52 Block 5 Unit 1
PROPERTY SIZE: Multi Family (0.28 acres)
LOCATION: Western Side of Ludford Road
APPRAISED VALUE: $30,000

ARDENT FOREST SUBDIVISION
LOT NO. 11 Block 22 Unit 2
PROPERTY SIZE: Single Family (0.35 acres)
LOCATION: South Side of Orlando Drive & Arden
Forest Road
APPRAISED VALUE: $30,000

SEA HORSE VILLAGE SUBDIVISION
LOT NO. 31 Block 11
PROPERTY SIZE: Multi/Single Family
(0.27 acres)
LOCATION: Eastern Side of Bonito Street
APPRAISED VALUE: $30,000


ROYAL BAHAMIAN ESTATES SUBDIVISION
LOT NO. 16 block 23
PROPERTY SIZE: Single Family (0.44 acres)
LOCATION: South Side of Dominica Avenue
APPRAISED VALUE: $25,000

BAHAMIA SOUTH SUBDIVISION
LOT NO. 10 Block 32 Section 2
PROPERTY SIZE: Multi/Single Family
(0.33 acres)
LOCATION: Eastern Side of Forest Lane
(Less Than 150 Yards West of Santa Maria Avenue)
APPRAISED VALUE: $30,000


INTERES.TEDPART.IES SHiOULDSUI F ST U E H P
C AASOffAST PSTAL ADDRS33S)TOCHEY- T PZM YS E
ORC- L 4250-22l FR URHSER INFORMATO.**ERSRV H- RGTT
REJECT ANY-ORSALL OFFERS.


What risks being overlooked yet
again is the retarding effect that
certain "traditional" Bahamian
forms of land ownership are
having on the development of the
local side of the economy in the
Family Islands.


PROPERTIES FOR SALE


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THE TRIBUNE


PAGE 8, MONDAY, MARCH 19, 2007








MONDAY, MARCH 19, 2007, PAGE 9 p


LOALNEWS


Performers let their

creative juices flow _






'I p "HE C-CLASS SALOONS


* POET Shamija Moncur reads one of her pieces during the latest session of 'Express Yourself'.
The event, held at Da Island Club in the Nassau Beach Hotel, is an open forum for poets,
musicians and performers to share their work. The next session will be held on Wednesday, March
21, at 8pm.


* *Luxurious .


* PUBLISHED poet Sean Munnings reading his poetry


* POET Indy Seymour recites one of her pieces


'I


Your car.

Your trust.





* CULTURAL
veteran, and
poet Odediah
Smith sharing
one of his
poems during
the latest last
week's session
of "Express
Yourself." Our responsibility

Brake Service Suspension & Alignment Exhaust
Oil, Lude & Filter "GOODYEAR TYRES"

*American & Imported Cars Light Trucks Vans & SUV's
Complete Inspection & Estimates Before we start the work

S............2 LOCATIONS TO SERVICE YOU

MACKEY ST. & ROOSEVELT AVENUE EAST ST. & SOLDIER RD
Tel: 393-6651 or 393-6693 Tel: 356-2940 or 356-2941

Open: Monday Saturday
8am-5pm


,a, s,'.r, 1 Fax 326-4865 P.O. Box SS-6766 Nassau, Bahamas
AUTO SYSTEM EXPERTS
IBAL TILE IMPORTS LTD.
SA I "Midas is a business based on service, quality and reliability.
Factory scheduled maintenance is car card.
Midas services your car fully. Our system takes the guesswork
South of auto care for every car model out there. .


-.' .4: -- ,


THE TRIBUNE


~"-~dllllllJr~J








PAGE 10, MONDAY, MARCH 19, 2007


IOmALNEn'S


SInternational Women's Day collection



is given to Shepherd's Nook home


THE TRIBUNE


SOCIAL Services Minister
Melanie Griffin presented a
cheque to 'A Shepherd's
Nook', a home for girls.
The cheque, given to the
home's president and admin-
istrator, Rev Betty Cleare,
...came from an offering collect-


ed at the Internation
men's Day church service
Bethel Baptist Churc
During the present
her Ministry on Marcl
Griffin thanked Re'
for the work the home
in the community.


closed for inventor
Saturday, March 24, 2007




- - - - - - -
isadtaesbulig ath


al Wom- "1 commend you, your
ce held at house mother and the other
-h. Board of Directors at A Shep-
tation at herd's Nook for the work you
h 14, Mrs do," she said. "It is a work that
v Cleare can only be done from the
e is doing heart."
Rev Cleare thanked the
donors for "the generous gift.
It is going to go a long way in
helping with our groceries, and
helping with the programme
we have at the Shepherd's
Nook," she said.
"When I came into Shep-
herd's Nook I was totally
green to the whole concept of
social work, but I also knew
that I had a heart for excel-
lence and enhancing people's
lives.
ry "I had to find someone who
would assist me in that work
and I found a friend in the per-
son of Minister Alisha Adder-
ley."
Mrs Griffin also thanked
Bethel's pastor, Rev Dr Tim-
othy Stewart, for allowing the
,/ service to be held at his
church.
Rev Stewart said his church
can be called on at all times
to assist the Ministry of Social
Services and Community
Development.


* MINISTER of Social Services and Community Development Melanie Griffin presented a
cheque, made up of contributions collected during the International Women's Day church service,
to "A Shepherd's Nook." Pictured from left are business manager and president of the Women's
Department of Bethel Baptist Church, Rev Patricia Bethel; first assistant secretary and officer
in charge of Bureau of Women's Affairs, Phedra Rahming; pastor of Bethel Baptist, Rev Timothy
Stewart; president and administrator at A Shepherd's Nook, Rev Betty Cleare; Melanie Griffin;
senior assistant secretary at the ministry, Florinda Johnson and A Shepherd's Nook house mother,
Rev Florence Elisha Adderley.
(BIS photo: Tim Aylen).


Teenager accused of smuggling drugs


Date:
Place:
Time:


IIII --MEJD


.9 393-3710


II si~R


THE BAHAMAS INSTITUTE
OF CHARTERED ACCOUNTANTS

"Accuracy, Integrity and Fairness"
Website: www.bica.bs

CONTINUING EDUCATION SEMINAR:
LEADERSHIP & REGULATORY TRAINING FOR MANAGERS


March 22nd, 2007
British Colonial Hilton Hotel, The Governor's Ballroom
9:00 am 4:00 pm


Pre-register: Telephone 326-6619
Cost per day: Members $100 Non-members $125
Lunch & Parking Included. No Billings.

CPE hours: 7 (BICA members 40 hours required over a 2 year period)

Topics & Speakers Include:

* Effective Leadership Skills & Managing People
Work/Life Balance Issues
Ms. Debbie Bartlett President,.CEO Network & Partner,
Gems Radio Station

* The Blueprint for a Successful Woman Executive
The importance oj maintaining strong corporate ethical standards
Ms. Minna Israel Managing Director, Scotiabank (Bahamas) Ltd.
& Chairman, Clearing Banks Association

* Steps to Plan and Manage a Successful Audit Engagement
A technical perspective
Ms. Tiffany Norris Pilcher, CPA Senior Manager, Ernst & Young

* Detecting & Reporting Suspicious Transactions
A case study approach for financial institutions
Financial! Illd iclv' I Init

* Risk Based Supervision
Impact on Anti-Money Laundering Procedures
Mr. Stcpl''n '"i ~ ,n Com pliance Commission

Induction Ceremony for New Members & Licensees of BICA


FREEPORT A 19-year-
old American visitor was arrest-
ed on Saturday accused of
attempting to smuggle $30,000
worth of illegal drugs at
Lucayan Harbour.
According to Supt Basil Rah-
ming, press liaison officer, a
female resident of Bradenton,
Florida, was at the Discovery
Cruise passenger terminal around
4pm when she was found in pos-
session of one kilo of cocaine.
Mr Rahming said the woman
was walking through the secu-
rity X-ray screening equipment
when an alarm was activated.
A female security officer took
the woman to a private room,


where a search was conducted.
During the search, the offi-
cer discovered one taped plastic
package, containing one kilo of
cocaine, tied to the woman's
back with a black pantyhose.


The teen was arrested and tak-
en into custody by Drug
Enforcement Unit officers.
The woman is expected to be
charged on Monday in the Mag-
istrate's Court.


YOUR CONNECTION TO THE WORLD

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COMPANY LIMITED
P. O. BOX N-3048 NASSAU, BAHAMAS TELE. (242) 302-7000





The Bahamas Telecommunication Cqmpany Limited invites applications from suitably
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JOB SUMMARY:
The efficient operation of the Accounts Payable (AP) Department is essential to the
efficient operation of BTC. The manager of the AP Department needs to have a
sound understanding of accounting principles and the internal control environment
and a disciplined approach to management and operation of the department.
ESSENTIAL DUTIES AND RESPONSIBILITIES
* To manage the daily operations of the staff and ensure payments are made on a
timely basis.
* To ensure all invoices are processed through PeopleSoft on an individual basis to
avoid duplication.
* To manage vendor set up and ensure vendors submit the supplier questionnaire.
* Ensure monthly supplier's reconciliations are up-to-date.
* GRNI reconciliations to be completed monthly.
* Accounts Payable 2151 Control A/C to be reconciled monthly.
* To ensure all cancel payments are processed and stale dated cheques are cancelled
timely.
MINIMUM REQUIREMENTS:
1.Bachelors Degree in Finance or Accounting with a minimum of five (5) years
experience in an accounting environment.
2. Excellent leadership, organizational and communication skills.
3.Proficiency in the use of all Microsoft and user department applications.
All applications are to be received at BTC's Head Office. 21 John F. Kennedy Drive,
in later lhan March 21st, 2007 and addressed as follows:
VICE PRESIDENT
HUMAN RESOURCES, TRAINING & SAFETY
THE BAHAMAS TELECOMMUNICATIONS COMPANY LIMITED
P. 0. BOX N-3048
NASSAU, BAHAMAS
MANAGER -ACCOUNTS PAYABLE DEPARTMENT



7r"7


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Call us on 322-1986
and share your story.


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41












- THETRIBUE MODAY, ARCH 9, 207, PGE 1


I
.


Rood pays visit to Ginn

US Ambassador John Rood made a brief stopover at the
West End property of Ginn sur Mer.
Ambassador Rood and his team Dan O'Connor, the US
Embassy's political officer, and Anne Marie Bain, commercial
specialist were given a brief tour of the property.
. ; Refreshments were served at Ginn's sales trailer where the
ambassador took in the master plan.
Ambassador Rood and his friend, Israel "Bonefish" Foley
were reunited once more before his departure from the
Bahamas. Mr Rood also said good-bye to his reading
programme counterpart, Cardinal Woods, principal at West
End Primary School. Mr Woods served as principal of
Woodcock Primary School in Nassau, where the ambassador
launched his reading programme.


GB business community's praise for Rood


SBy DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT 'FilThe Grand
Bahama business community
commended US Ambassador
'John Rood on his accomplish-
me- nts during his tenure in the
Bahamas.
The Grand Bahama Cham-
* ber of Commerce hosted ai
farewell luncheon on Friday for
Mr Rood at the Ruby Swiss
Restaurant, where business per-
sons, politicians and civic lead-
ers bid him farewell after serv-
ing three years as the ambas-
sador to the Bahamas.
Albert Gray, president of the
irand Bahama Port Authority,
MP Kenneth Russell. and Rolary'
Club president I )i ek I l;nm licld,
and otheliei l(oiiiiii !iil\ l eaLdes
wished the ambassador well in


his I Ituni e endeax vois,
S" me ai ie Ihe 'p|ilt )n ol ;I
true ambassador ... that came
along at the right time," said
Freeport News Editor Oswald
Brown, who was also called on
to give brief farewell remarks.
Mr Rood said that the com-
mercial relationship between
the countries are very strong,
adding that the US does about
$2 billion of merchandise trade
\\iIh the Bahamas each \cal.
He also noted that 85 per cent
of all Bahamian trade is with
the US.
But, more importantly, Mr
Rood noted that both countries
have co-operated closely in
areas such as drug trafficking,
migrant smuggling, and security.
Mr Rood said when he was,
offered the job to serve he could
not turn it down because "it was


Iln n p, ',rtt!lilt\ o sr\ ce his
e' el l nll \ ll make a dllcerence."
Since his appointment, Mr
Rood has been at the forefront
in hurricane relief and recstor a-
lion efforts in the Bahamas, and
promoting literacy, and educa-
tional projects in the Bahamas.
NMIr Rood and his family have
contributed personal funds to
help build a new home for
ihaiimiim I.i'w ll lonefish Fol-
ley' Rolle, whose home was
destroyed by H hurricane Frances.
The UiS has also contributed
millions to the rebuilding of
some 19 homes at West End.
"1 look back on maly tenure as
Ambassador and think of the
millions of dollars in training
and equipment provided to sup-
polt the outstanding collabora-
tion we enjoy through OPBAT


with Bahamian law enforcement
and the Defence Force," he said.
Mr Rood was also instru-
mental in ensuring the continu-
ation of the US Customs Pre-
clearance facility in Grand
Bahama, despite the low
tourism arrivals to the island.
He said the US has also deep-
ened its commitment to Grand
Bahama through its decision to
establish both megaports screen-
ing, and the container security
initiative at the Freeport port.
"Through these initiatives
and others, I hope that I have
left the US-Bahamas relation-
ship even closer than it was
when I came. And I also hope
that I have strengthened the
special ties between Grand
Bahama, whose past and future
is so closely linked with the
United States," he said.


Ambassador visits Hugh Campbell Primary


* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT -UIS Ambas
sador John Rood is getting clos-
'er to achieving his goal of visit-
ing 50 schools throughout the
:Bahamas, On Friday lie visited
,the Huglh (Campbell I'iim ,\
:School in Freeport.
Mr Rood recei ed an imnpres
sive welcome from ithe students.
who paid special tribute thi ough
songs, poems, and ;a lix el\ rake
C'n scrape performance for the
{Ambassador, and his small
entourage at the US Embassy.
"I will be leaving soon ... but
before I leave I plan to visit 50
'schools."' he said 'I have been


to every major island, but I still
have a few more schools to go."
Ambassador Rood told stu-
dents that as the ambassador to
the Bahamas his duty is to assist
the Bahamas in times of need,
to establish bilateral relation-
ships, and to promote public
diplomacy.
"It has really been a wonder-
ful time for me in the Bahamas
to meet so many people and to
visit the schools here and to see
talents in your schools," he said.
Ambassador Rood, who read
a book to the students, said that
public diplomacy and reaching
out to people about things, such
is literacy, are very important.
"I have chosen leading


because Laura Bush, the wife
of President (George) Bush,
\\as a teacher and a librarian,
who promotes literacy."
Mr Rood makes it a point to
read to students during his
school visits. The Embassy has
also donated books to the vari-
ous school libraries.
Mr Rood slated that the
Bahimi:'in opl i ue resilient,
optimistic, and a very giving
people.
"When I first presented my
credentials, Hurricane Frahces
hit and we took a bus tour of
Freeport, and it was unbeliev-
able, ... and I will always
remember how optimistic the
people of the Bahamas are." he


recalled.
Ambassador Rood said the
United States assisted in build-
ing 19 homes in West End for
those very needy persons in that
settlement.
He said the gesture was
returned when the Bahamas
raised more than $1 million for
the people in New Orleans who
were affected by Hurricane
Katrina. "Bahamians prayed
and held a tele-a-thon for
pledges and musicians per-
formed, and students raised
money." he said.
Mr Rood, who is from Jack-
sonville, has served three years
as ambassador to the Bahamas.


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MONDAY, MARCH 19, 2007, PAGE 11


- THE TRIBUNE


.
ft












THE TRIBUNE


PAGE 12 MONDAYMARCH 19, 2007


LOCAL NEWS


Contract signed to repair causeway '


* By BRENT DEAN
GOVERNMENT has signed
a contract of nearly $500.000 to
repair a dilapidated causeway
0n Great Harbour Cay, the


Bciry Islinds.
\\orks Minister Bradley
Roberts signed the contract on
Thursday with Mr Terry
Winder of Winder Construction
- a local construction compa-


ny.
The project will include the
erection of 165 yards of guard
rails along the causeway; the
placement of 1,500 tonnes of
aggregate and boulders as a


e S


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support base; the construction
of 200 yards of swales, parallel
to the causeway; the installa-
tion of 25 catch basins in the
swales; and, the placement of
60 cubic yards of top soil and
grass to protect the embank-
ment.
Mr Roberts told The Tribune
that the awarding of govern-
ment contracts to Bahamian
contractors is a firm policy and
philosophy of the government.
"It's only when we are,
through circumstances beyond
our control, based on the impo-
sition of donor or lender organ-
isations, that you must go to
international tender. We believe
that our people (contractors)
have been able to demonstrate
that they are just as good as the
international contractors," he
said.
The infrastructure upgrade to
the causeway in.Great Harbour
Cay, is another example of gov-
ernment's desire to improve the
lives 6f Bahamians, according
to Vincent Peet, MP for North


9Q r


A. tilt




* THE government of the Bahamas signed a contract with
Winder Construction on Thursday to repair the causeway in
Great Harbour Cay, The Berry Islands. From left are David
Dean, chief councillor for the Berry Islands; Vincent Peet,
Minister of Labour and Financial Services and Member of
Parliament for North Andros; Malester Winder and Terry
Winder of Winder Construction. and Bradley Roberts, Minister
of Works and Immigration.


Andros and the Berry Islands.
"Today is such a special, spe-
cial day to have both areas of
my constituency benefit from
the vision and commitment of
this government to uplift the


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lives of our people, to improve
the infrastructure and to pro-
vide safety in the case of a hur-
ricane or some disaster. So that,
should we be faced with those
challenges in the future, we will
be prepared both here in the
Berry Islands and Andros," he
said.
Government also signed a
contract of nearly $2 million
earlier in the day in Lowe
Sound, Andros, which is a part
of Mr Peet's constituency.
More announcements for
infrastructure upgrades are
expected as the election nears.
Some commentators suggest
that these announcements func-
tion as attempts by govern-
ments to sway voters. However,
others suggest that governments
rush these projects through,
near election time to satisfy the
vast number of promises made
at the beginning of their man-
date.


Share

your

news
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from people who are
making news in their
neighborhoods. Call us
on 322-1986 and share
your story.


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MONDAY, MARCH 19, 2007, PAGE 13


THE TRIBUNE


LOCAL N"WS


LeAnn Rimes tops



new schedule at



Crystal Palace


COUNTRY music fans
across the Bahamas are in for
an amazing treat, as Cable
Beach Resorts and Crystal
Palace Casino host one of the
brightest stars in the industry,
LeAnn Rimes, in a two show
performance, March 24 and 25.
Following a line-up of inter-
nationally acclaimed artists,
from the soul sister herself, Pat-
ti LaBelle, to the ever-youthful
Beach Boys, LeAnn is the latest
in a string of top artists to hit
the shores of Nassau as part of
the Cable Beach Resorts enter-
tainment revue.
With two performances
scheduled, Saturday, March 24
at 9pm in the Rainforest The-
atre and Sunday, March 25, at
3pm on the Crystal Beach,
Bahamians are already buzzing
about the upcoming concert,
said Sharon Saunders-Smith,
events and entertainment man-
ager, Crystal Palace Casino. She
added also that tickets for Sat-
urday's performance are almost
sold out, as are the VIP tickets
for Sunday's show on the Crys-
tal Beach.
Adding a bit of a twist to the
upcoming show, organizers have
planned something extra spe-
cial for the audience an
opening act. Mrs Saunders-
Smith declined, however, to
identify the group, saying only
that it was an international
group and that they were very
good.
"It's the first time we have an
opening act and it's going to be
a surprise who they are. This is
a first for us we're trying a
new concept," she said.
According to Ms Saunders-
Smith, Cable Beach Resorts will
again be offering an exclusive
drawing for Bahamians who
purchase tickets to the events.
Some 12 prizes will be present-
ed from VIP tickets to the
concert, a weekend stay in one
of the resort's suits, round-trip
limo rides to the concert to din-
ner at the Black Angus restau-
rant. The drawing will be held
Thursday, March 22.
In other entertainment news,
Cable Beach Resorts premiered
its nightclub, the Rum Jungle,
during a soft opening last Thurs-
day. The Hot Spot will be open
Thursday, Friday and Saturday
evenings after the Jambalaya
show at 11pm in the Rainfor-
est Theatre. The nightclub fea-
tures the "Dice Girls" go-go
dancers who perform through-
out the evening on the shadow
box and a local DJ talent.
"Even though we do have
this nightclub in the Rainforest
Theatre Jambalaya is still
doing well. Bahamians might
not know that we've added to
Jambalaya a local fire act fea-
turing 'Pepper', a Bahamian fire
dancer. We also have a new
lead singer for the show and
have added more local
dancers," she said.
Following the LeAnn Rimes
Concert, Cable Beach Resorts
will bring the Motown group
Earth, Wind and Fire, Novem-
ber 3 and 4. The resort is also
said to be in negotiations for
other Motown acts expected to
touch down on the country's
shores in the months ahead.


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M BRENDALEE Silver


Our Lucaya selects year end winners


AFTER months of waiting
and hundreds of nominations,
the management of the Westin
and Sheraton Grand Bahama
Island Our Lucaya Resort
revealed the names of their
2006 associates, supervisor and
manager of the year winners
at a special lunch at the resort.
Victorious were: Brendalee
Silver, front of house associate
of the year and Marie Taylor,
heart of house associate of the
year, Benitha Fatal, supervisor


of the year and Jeremiah Saun-
ders. manager of the year.
Brendalee Silver, a front
desk agent at the Sheraton
Grand Bahama, has dedicated
more than 20 ye.as to the hos-
pitality industry.
Marie Taylor, a seamstress
in the resort's auto valet
department, has been with the
resort since December 1999
and was its September 2006
associate of the month heart
of the house award .


Accounts payable supervisor
Benitha Fatal was awarded the
supervisor of the month award
for the period ending March
2006 and won the overall title
of supervisor of the year.
Employed with -the resort
since July 1999, Jeremiah Saun-
ders, assistant chief of engi-
neering, was selected manag-
er of the quarter for the period
ending September 2006 before
winning the overall manager
of the year award.


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THE TRIBUNE


PAGE 14, MONDAY, MARCH 19, 2007


LOA6 NW


Statement claims company seeking to


have concessions 'vastly increased'


FROM page one

line has unfortunately passed
and, after March 15, Baha
Mar's partners' 'walk away'
rights are in effect, and could
be exercised at any time if the
partners so choose.
"As the Government should
know, the failure to finalise
negotiations by March 15 has
increased the risk in the pro-
ject's future, a project which,
if fulfilled, holds enormous eco-
nomic benefits for the
Bahamas. Baha Mar reiterates,
as it repeatedly did to the Gov-
ernment in the days leading up


to the March 15 deadline, that
it stands ready to meet with the
Government to achieve suc-
cessful negotiations so that the
project may go forward."
However, the Government
said that after months of good
faith negotiations with a view
to facilitating the development,
on March 7 it communicated
its position on the investment
incentives, approvals and other
requests sought by Baha Mar,
together with government's
response relating to Baha
Mar's Conditions Precedent
obligations.
"Baha Mar has rejected sig-


nificant parts of the Govern-
ment's position and is now ask-
ing that Government reconsid-
er its position as communicated
to Baha Mar. In light of the
same, the Government's rep-
resentatives indicated to Baha
Mar some three weeks ago the
necessity of securing an exten-
sion from its partners beyond
the March 15 deadline in order
to complete the transaction.
Such extensions are not unusu-
al in major agreements of this
nature," the Government
release said.
Baha Mar previously said
Harrah's now had the right to
withdraw from the $2.4 billion
project, something The Tribune
was told would send the devel-
opment "back to the drawing
board".
The Cable Beach developer
said that while Harrah's had so
far given no indication it would
use its right to "walk away",
the failure to meet the dead-
line had exposed the project to
"increased risk".
Baha Mar Development
Company entered into a Heads
of Agreement with the gov-
ernment on April 6, 2005 for a
$1 billion resort development
on Cable Beach.
Baha Mar has subsequently
announced that the project was
being expanded to a $2 billion
development.


Meanwhile, however, the
Government and its team of
technical experts are vigorous-
ly pursuing negotiations with
Baha Mar, together with
national and international
expert advisers.
Particular attention has been
given to the fulfilment of Baha
Mar's conditions precedents
obligations under the existing
Heads of Agreement relating
to equity requirements, financ-
ing and the procurement of
world-class casino and hotel
joint venture partners.
Recently, the definitive
agreement relating to these
obligations was received by the
Government.
This document, the Govern-
ment said, required very close
scrutiny and analysis.
Both parties have continued
to dialogue with a view to
resolving all outstanding issues.
The Government said it
remained fully committed to
ensuring that the best possible
arrangements were made in
order to facilitate the Joint
Venture between Harrah's,
Baha Mar and Starwood as its
other operating partner.
"The Government remains
optimistic that outstanding
issues could be resolved with
continued good faith negotia-
tions within a timely manner,"
the release said.


P Bethel Brothers Morticians
Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026
A MssofChitin uralo


Sister Maria
Rahming, 87


w of St. Martin
Monastery, #96
Nassau Street will be
held on Thursday
March 22nd, 2007 at
11:00 a.m. at St.
sJoih Catholic
Boyd Road.
His AGriae Archbistp
Patrick C. Pinder assisted by the Clergy of the
Archdiocese of Nassau will officiate. Interment
will be made in St. Martin dePorres Cemetery,
Nassau Street.

She is survived by her religious community of
seventy years, The Benedictine Sisters "of Saint
Martin Monastery, The Benedictine Oblates; two
sisters, Mrs. Margaret Demetrius and Mrs. Alice
Wondside; cousin, Miss Miriam Roker; nieces,
Effie-Jane Sherman Wallis, Jaunianne Dorsette,
Christina Nwosa, Doris Rahming, Regina Talley,
Louise Russell, Druscilla, Annie and Christina
Moss, Lucy and Anne Woodside, Barbara
Rahming, Mrs. Alfred Huie and Mrs. Carolyn
Kinglock; nephews, Ferdinand Sherman,
Benjamin Rahming, Anthony, Samuel, Donald
and Alexander Woodside, Hosea and Calvin
Moss, John, Ricardo, Frederick, Barry and Larry
Rahming and a host of other relatives and friends.

A Vigil will be held at St. Anslem 's Church,
Bernard Road, Fox Hill on Wednesday March
21st, 2007 at 7:30 p.m.

Friends may pay their last respects at St. Martin
Monastery Chapel, # 96 Nassau Street on
Wednesday from 10:00 a.m. 4:30 p.m. and at St.
Anslem 's Catholic Church, Bernard Road from
5:30 p.m. until service time.

And again on Thursday at St. Joseph Catholic
Church, Boyd Roadfrom 10:00 a.m. until service
time.

In Lieu of flowers, donations may be sent to St.
Martin Monastery Development Fund c/o
P.O.BOX N -984


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Sir Arthur Foulkes:

race ought not to be an '

issue in this election i
FROM page one that race is a legitimate issue in
this election nor for many elec-
tions gone. It is not an issue,"
he said. Sir Arthur said.
Despite the pronouncements Early in the life of the FNM,
of some, Sir Arthur said he did he said, the participation of
believe the race card is being "some of the old guard" did the
played in this election. FNM a lot of harm even though
"If you make a reference to there was no danger of them


the UBP, if one politician
makes a reference to the UBP
and accuses the FNM of wanti-
ng to go back to the old days
and to sell out and then anoth-
er politician at a meeting, say
in Fox Hill, brings up the race
thing it connects pretty neatly (
to the race issue) I think," Sir
Arthur said.
However, he said, it is never
wrong to talk about history and
the country should do more
talking about history.
"We should teach our chil-
dren our young people about
our history, including the his-
tory of slavery and racism. I am
all for that. But I do not believe


ever taking over.
"Remember when the FNM
was formed, our motto was All
Together. That was not a slo-
gan for that election. That was a
concept.
"We had this concept from
the very beginning the eight of
us and the others who joined,
of a Bahamas where the race
question would be put to bed
forever and that whites and
blacks together as equals would
participate in every thing in
their country including the gov-
ernance of their country. And it
is regrettable that it has not hap-
pened," Sir Arthur said.


PLP confirms its


slate of candidates

FROM page one

yesterday.
According to other sources, the Sports, Youth and Housing
Minister will run for the constituency of Clifton an area furtiier.
west which includes several subdivisions. '
St Margaret's will be divided into two, with a portion going to
Montagu, .and some to the new constituency of St Anne's.


Weekend sees two murders


FROM page one
year-old male companion, both
of East Street South, into cus-
tody and are now awaiting the
results of the autopsy on the
baby's body.
Just hours after the baby's
death, at llam on Saturday,
police were called to the scene
of a shooting in the area of
Ethel Street and Montell
Heights.
When police arrived on the
scene they found a manr with a
gunshot wound in his abdomen.
The man, believed to be in
his early twenties of central
New Providence, was rushed to
hospital, but died of his injuries
a short time later.
Just two hours later police
arrested a 25-year-old man of
Milton Street in the Montell
Heights area after he and a
companion fled from police
when they had been observed
sitting in a green coloured
Oldsmobile, "acting suspicious-
ly".
Police officers found a .357
revolver and nine live rounds
of ammunition on the suspect.
It could not be confirmed if
the man taken into custody was
involved in the murder, but


police are following leads in the
matter, Mr Evans said.
The weekend's second mur-
der occurred at 11pm on Satur-
day night in the Englerston
area.
According to police reports, a
group of men were playing
cards in the backyard of a home
in the area when an unidenti-
fied armed man approached
them and opened fire.
One of the men, who was
playing cards, was shot in the
head and died at the scene.
The victim, a resident of the
Engierston community, is
believed to be in his early twen-
ties.
This year's high number of
murders, Mr Evans said yester-
day, has led Police Commis-
sioner Paul Farquharson to
introduce additional initiatives
to eradicate crime, which will
be launched sometime this
week.
Mr Evans said it is important
that Bahamians now partner
with the police to remove illegal
weapons and social ills from the
country's communities.
"Police remain committed to
eliminating crime so that the
majority of people can feel safe
again," he said.


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










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* TIFFANY Blue Rhapsody Delano Aralmhna (right) prepares
to sample the signature drink of the evening provided by Bristol
Cellars.

John Bull invites

customers for

evening viewing


* WINNER Nordin Siam (centre) receives his Tiffany & Co gift
from Andrew Roberts (left), director of operations of the John
Bull group of companies, and Tarek Vanderpool (right), jewelry
buyer at John Bull.


JOHN Bull, home to the local
jewelry boutique Tiffany & Co,
recently invited preferred cus-
tomers to celebrate an evening
of glamour during an exclusive
viewing of a spectacular travel-
ling gemstone jewelry collec-
tion at their 284 Bay Street loca-
tion.
Upon entering, guests
stepped into the world of
Tiffany the world's premier
house of jewelry design.
Greeted by beautiful live
models and a jazz trio, the
evening was spent viewing fab-
ulous pieces while feasting on
savory and sweet selections,
including signature Tiffany Blue
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Select Tiffany & Co gifts,
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Share
your
news
The Tribune wants to hear
from people who are
making news in their
neighborhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.
If so; call us on 322-1986
and share your story.


:- I


vi;


-\


,. '/ '.,w.-,: ;,"
,.
. 1 . '
0cw[aton 81lr~ ii^1 ,' ;'
"" I .. ',, 7.. '


MONDAY, MARCH 19, 2007, PAGE 15


THE TRIBUNE


Ira~







PA(GE '..1'RCH 19, 2007


I;


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*


*


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SI


PT;


Waves of change


THE TRIBUNE


_ -^ .- ife k,., .-..


9.-"


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a ad


MONDAY, MARCH 19, 2007


SECTION


business@tribunemedia.net


BUSINESS

Miami Herald Business, Stocks, Analysis, Wall Street


Grand Bahama developer:




No Crown Land involved


M By NEIL HARTNELL
Tribune Business Editor
T he developer
behind a major
investment pro-
posal for eastern
Grand Bahama
has denied to The Tribune that
it is proposing to develop all
Crown Land in that area, saying
its planned resort will be built
on privately-owned land


acquired from Bahamians.
In a statement sent to The
Tribune, Ken Farino, who is
acting as a Bahamas-based con-
sultant/adviser for developers
Beka Development, said "at no
time" had it discussed with the
Government either becoming
the developer of all Crown
Land in the East End, or
becoming the 'master develop-
er' for a 100 square-mile area.
Mr Farino confirmed to The


Tribune what Obie Wilch-
combe, the minister of tourism,
had told this newspaper two
weeks ago, namely that Beka
Development had submitted an
investment proposal to the
Government.
He said: "The resort pro-
posed in the East End is to be
built on land purchased from
private Bahamian citizens at a
price which is -at or above fair
market value. It never has been


on Crown Land.
"At no time have there been
any proposals or discussions
with government to develop a
10 by 10 mile area (100 square
miles). At no time have there
been any proposals or discus-
sions with government to
become the developer for all
the Crown Land in the East
End."
Mr Farino also denied that
Beka had "ever discussed" pur-


chasing Crown Land in the East
End for a $2,800 per acre price,
as a document published on the
project by a North Carolina-
based real estate firm,. Infinity
Partners, had claimed.
The Infinity Partners docu-
ment, which was published on
the Internet and exposed by
The Tribune, created a storm
of controversy when its contents
were disclosed, especially the
claims that Beka Development


was in talks to become the 'mas-
ter developer' for East End
Grand Bahama. The document
also alleged that the Govern-
ment was "willing to sell sub-
stantially all of its east Crown
Land" to the project.
This prompted a flurry of
concern from residents of East
End Grand Bahama, plus FNM

SEE page 11B


Consolidated hit by free water to Corporation


Gross margins from Bolue Hills hurt until company can prove water loss target hit
Dismisses lawsuit as 'without merit'
Penalties fall to $368,000, as firm lauds record income '


* By NEIL HARTNELL
Tribune Business Editor
CONSOLIDATED Water said the over-
all gross margin on water sales from its
SBlue Hills reverse osmosis plant was "great-
ly reduced" during the 2006 fourth quarter
because, until it proves it has reduced water
losses from New Providence's water distri-
bution system by 438 million gallons per
:year, it has to supply 1.2 million free gallons
per day to the Water & Sewerage Corpo-
ration (WSC).
SUnveiling its 2006 fourth quarter and full-
year, results,.Consolidated Water said gross


profits on company-wide bulk (wholesale)
water sales fell as a percentage of sales from
23 per cent for the nine months to Septem-
ber 30, 2006, to 19 per cent for the full-
year.
This was attributed to the fact that $1.7
million in sales made by the Blue Hills plant
to the Water & Sewerage Corporation dur-
ing the three months to December 31, 2006,
were "made at essentially a break even
gross margin".
In its form 10-K filed with the Securities

SEE page 10B


* JEFFREY PARKER, chairman
of Consolidated Water


Ex-AIBT chair advising

group eyeing Film Studios


* By NEIL HARTNELL
Tribune Business Editor
THE former chairman of the Association of International Banks
& Trusts (AIBT) is advising an investor group that is interested in
acquiring the Bahamas Film Studios, The Tribune has learnt, with
renewed interest expected to follow the collapse of Bahamas
FilmInvest International's $14 million attempt to acquire the pro-
ject where Pirates of the Caribbean II and III were filmed.
Andrew Law, the former head of Credit Suisse Trust (Bahamas),
who has since sent up his own Bahamas-based financial services
company, International Protector Group (IPG),confirmed to The
Tribune that a group he was representing were now "assessing
their options", having sat on the sidelines and waited to see whether
the Bahamas Filmlnvest offer would succeed.
Although not identifying
investors in the group, Mr Law SEE age B
said: "We are tr ing to pui ipgeth- EEP lae .,1


Scotia launches private client

initiative first in Bahamas


* By NEIL HARTNELL
Tribune Business Editor
THE Bahamas has become
the first country in the
Caribbean and Latin American
region to see Scotiabank launch
its Private Client Group, aiming
to provide a seamless, one-stop
service for the wealth manage-
ment needs and growing
demand from what the bank
perceives as an expanding mar-
ket of high net-worth Bahami-
ans.
Dianne Bingham, the centre
director for Scotia's Bahamas-
based Private Client Group,
said the bank had seen "a grow-
ing interest in the domestic mar-


Bank targets growing
wealthy Bahamian
market with integrated
'four pillar' solution

ket with regard to these types of
service, and I feel personally it's
something we will see continue
to grow, as we see the number
of mass affluent people grow in
the Bahamas".
She added that the question
of why Scotiabank and others

SEE page 13B


Baha Mar to soon turn down

requests for retirement


* By NEIL HARTNELL
Tribune Business Editor
THE developer behind the
$2.4 billion Cable Beach rede-
velopment has told staff that
the high number of applicants
looking to take advantage of its
Voluntary Retirement and Sep-
aration Programme (VSP)
means that it is "rapidly
approaching a point where we
* will be turning down requests
in selected areas".
Writing to staff in the wake of
the failure to conclude the Joint
Venture Agreement with Har-
rah's Entertainment by the
March 15 deadline, something
that could allow the casino and


entertainment operator to 'walk
away' from the deal to take a 43
per cent equity stake in Baha
Mar's project, Don Robinson,
president of Baha Mar Resorts,
said: "Cable Beach Resorts will
become a world-class resort
area with or without Baha Mar,
and the future is very bright for
those of you who remain with
Cable Beach Resorts.
The Cable Beach Resorts are
the existing resorts the Radis-
son, which is being transformed
into a Sheraton, the Wyndham
& Crystal Palace Casino, and
the Nassau Beach Hotel. It is


SEE page 12B


0Colinahpre l,

0 Insurance Lid.










PAGE 2B, MONDAY, MARCH 19, 2007


THE TRIBUNE


International Markets

FOREX Rates
Weekly %Change

CAD$ 1.1754 0.28
GBP 1.9420 0.54
EUR 1.3316 1.54

Commodities
Weekly %Change

Crude Oil $57.10 -4.85
Gold $653.50 0.60

International Stock Market Indexes:
Weekly %Change

DJIA 12,110.41 -1.35
S & P 500 1,386.95 -1.13
NASDAQ 2,372.66 -0.62
Nikkei 16,744.15 -2.45


* By Fidelity Capital Markets
IT was an active trading
week in the Bahamian market
as over 85,000 shares changed
hands. The market saw 12 out
of its 19 listed stocks trade, of
which eight advanced and four
remained unchanged.
Volume leader for the week
was Commonwealth Bank
(CBL), with 13,300 shares
changing hands and account-
ing for 15.6 per cent of the total
shares traded. The big
advancer for the week was
Bahamas Waste (BWL), up
$0.19 or 9.50 per cent to end
the week at $2.19.
Also advancing was Abaco


The Bahamian Stock Market

FINDEX 791.63 YTD 6.67%


CHANGE VOLUME


BISX CLOSING
SYMBOL PRICE


$0.03
$0.04
$-0
$0.10
$-0
$-
$0.19
$0.30
$-0
$-
$0.10
$-0.02
$-
$-
$-

$-
$-
$-


AML
BAB
BBL
BOB
BPF
BSL
BWL
CAB
CBL
CHL
CIB
CWCB
DHS
FAM
FCC
FCL
FIN
ICD
JSJ
PRE


$0.78
$1.30
$0.85
$8.60
$11.25
$14.60
$2.19
$10.33
$14.00
$2.10
$14.70
$5.08
$2.46
$5.94
$0.50
$17.06
$12.45
$7.25
$9.05
$10.00


9481
3975
3000
5260
0
0
3000
13300
10881
5000
10040
0
0
0
0
5980
5810
9500
0
0


YTD PRICE
CHANGE
27.87%
4.00%
11.84%
7.10%
-0.44%
0.00%
25.14%
3.30%
11.91%
10.53%
3.89%
-0.39%
-1.60%
2.59%
-9.09%
35.94%
3.58%
1.40%
5.23%
0.00%


Markets (AML), up $0.03 or
4 per cent to close at $0.78. On
the down side, Consolidated
Water Company Ltd BDR
(CWCB), lost $0.02 or 0.39 per
cent to close at $5.08.
The FINDEX gained 7.89
points for the week, to close
at 791.63.
COMPANY NEWS

Cable Bahamas (CAB) -
Fiscal 2006 was a stellar one
for the technology giant,
marked by strong revenue
growth and cost containment.
Net income attributable to
ordinary shareholders stood at
$18.1 million, which represents
an increase of $6.8 million or
60 per cemt over the $11.3 mil-
lion in net income recorded in
fiscal 2005.
Total revenues grew by $8.9
million or 15.6 per cent to total
$65.9 million, while operating
expenses increased by $2.5 mil-
lion or 9.03 per cent to total
$30.4 million. Operating prof-
it was $32.8 million, up from
$26.7 million year-over-year,
while operating margin
increased by 2.85 per cent to
49.7 per cent of total revenues.
Earnings per share for fiscal
2006 increased by $0.35 to total
$0.92.
In related news, the Board
of Directors for CAB has
declared dividends of $0.06 per
share, payable on March 30,
2007, to all shareholders of
record date March 16, 2007.

Abaco Markets (AML) -
AML announced this week
that it had sold its Turks &
Caicos Cost Right store to
Entervant Holdings (TCI) Ltd
for $2.5 million.
AML management has said
the proceeds from the sale of
this operation, along with the
$2.5 million to be received
from the sale of its shares in
BSL Holdings Ltd, will be used
to pay-off its bank debt. This
presently stands at about $3.5
million. The elimination of the
bank debt will add about
$250,000 per month to AML's
.bottom line.


a








FINANCIAL INTELLIGENCE

UNIT (THE "FIU")




PUBLIC NOTICE



Pursuant to Section 15(2) of The Financial Intelligence Unit
Act, 2000, the public is hereby notified that, the revised


Suspicious
Prevention


Transactions Guidelines


Relating to the


of Money Laundering and the Financing of


Terrorism (The "2007 Guidelines") for financial institutions
within The Commonwealth of the Bahamas have been issued
and are effective as of 19th March 2007.


The 2007


Guidelines replace those Guidelines issued in


December 2001.


Copies of the 2007 Guidelines can be obtained between the
hours of 9a.m. to 5p.m. Monday through Friday, from the
Administrative Offices, The Financial Intelligence Unit, 3rd
Floor, Norfolk House, Frederick Street, Nassau, The Bahamas.



Anthony M. Johnson
Director
Financial Intelligence Unit
P.O. Box SB 50086
Nassau, The Bahamas


I I


DIVIDEND/AGM NOTES:

ICD has declared dividends of $0.10 per share, payable on
March 30, 2007, to all shareholders of record date March 12,
2007.

CBL has declared dividends of $0.12 per share, payable on
March 30, 2007, to all shareholders of record date March 15,
2007.

CAB has declared dividends of $0.06 per share, payable on
March 30, 2007, to all shareholders of record date March 16,
2007.

CBL has declared an extraordinary dividend of $0.12 per
share, payable on April 30,2007 to all shareholders of record
date April 13, 2007.





I NSIGI


'. )


I U


FIRSTCARIBBEAN

INTERNATIONAL BANK

CAREER OPPORTUNITY
for
Treasurer Bahamas and Cayman Operating Companies
Treasury Sales & Trading (TST)
Key Activities and Deliverables:

The Treasurer is a senior member of the TST leadership team that provide
best-in-class Balance sheet management, TST control and TST dealing support for
the FirstCaribbean Group. A key focus for TST is to enhance Group interest income
and develop / market TST products to the countries' largest and most discerning
clients. Countries include: Bahamas, Turks and Caicos, Cayman, British Virgin
Islands, St. Maarten, and Curacao.
Successfully manage and extract maximum value from business projects and process
improvement initiatives designed to strengthen the operational infrastructure of
FirstCaribbean TST
Build and improve the organizational structures and delivery platforms that support
the FirstCaribbean TST model and product lines
Manage to successful completion, business projects and process improvement
initiatives, designed to strengthen the operational infrastructure of FirstCaribbean
TST.
Develop effective partnerships with all functional groups including Marketing,
Finance, Human Resources and Operations & Technology that directly benefit TST
activities, customers and day-to day operations.
Key result areas include: balance sheet & liquidity management, product
sales/marketing function, product structured support, governance and market
risk

Qualifications/Experience:

Graduate status with minimum of 7 years experience in the business/financial
world
3 years of specific. management experience in a TST environment
Association of Corporate Treasurers (ACT) or equivalent qualification
preferred
Understanding of the local Bahamas markets, competition, geographic, macro
economic and global factors impacting TST activities
Seasoned director with a solid track record of success managing and growing
TST / Treasury Products business in international financial institutions
Solid operational experience in both a sales and a trading environment

Remuneration:

Salary commensurate with-the position's seniority (FC Level 9 the Bank
has 11 pay levels)
Benefits- includes a car allowance, variable incentive pay (bonus) and preferred
loan rates

Applicants are requested to submit their resume with a cover letter via email by
March 23, 2007 to:
FirstCaribbean International Bank (Bahamas) Limited thanks all applicants for their interest,
however only those under consideration will be contacted.


I,
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-. .,,...- ----.-.-- N or-^^ -- ^ ^1


MONDAY, MARCH 19, 2007


WALL STREET


Subprime woes an exit point for investors


* Investors started to pare their
stock portfolios when faced with
the news of lenders admitting
that borrowers with shaky credit
were defaulting on their
mortgages.
BY JOE BEL BRUNO
Associated Press
NEW YORK Some people
might wonder if the angst over prob-
lems in the subprime mortgage mar-
ket is overblown, but that hasn't
stopped some investors from using it
as a reason to pare their stock portfo-
lios.


Wall Street shuddered as mort-
gage lenders admitted that borrowers
with shaky credit were delinquent -
put another way, defaulting at an
alarming rate. The fears were that
subprime mortgage loans, those
made to people with poor credit rat-
ings, were just the start, and that bor-
rowers with stronger credit ratings
would also have problems making
their payments.
Major U.S. investment banks this
past week were quick to assuage mar-
ket fears by declaring troubled loans
were contained to just the subprime
market. But, that wasn't enough for


some investors faced with an already
slowing U.S. economy and a
depressed housing market.
"It's a major exit point," said Mat-
thew Smith, president and chief
investment officer with New York-
based money management firm
Smith Affiliated Capital.
Not helping the situation was Alan
Greenspan.
The former Federal Reserve chair-
man, who last month fed the global
stock selloff with comments about a
possible recession in the United
States, predicted the subprime shake--
out will worsen. He said subprime


mortgage defaults would spread to
other parts of the economy, espe-
cially if home prices decline.
"If prices go down, we will have
problems problems in the sense of
spillover to other areas," Greenspan
said at a Futures Industry Association
meeting in Boca Raton, Fla. on Thurs-
day.
The immediate impact of a shake-
out among subprime mortgages obvi-
ously will be on the lenders them-
selves. News that lenders are being
denied financing from creditors, and
might be forced to sell loan portfolios
at deep discounts, has ravaged their


stock prices with some plunging
90 percent or more.
The next wave of investor discon-
tent pounded financial services firms,
especially ones with exposure to the
subprime market. Investment banks
like Bear Stearns and Lehman Broth-
ers Holdings not only are creditors to
many mortgage lenders, but buy their
loans and repackage them as mort-
gage-backed securities.
And, although subprime exposure
for both of those investment houses
is minuscule when compared to.their
*TURN TO INVESTORS


JOB HUNT


INTERNET VS. TV


R6sume



goes way



of eight



tracks

* Online job-screening software
has made the printed r6sum6
Irrelevant.
BY DIANE STAFFORD
McClatchy News Service
KANSAS CITY, Mo. Remember
eight-track tapes? Polyester leisure
suits? Beer-can openers?
The printed r6sum6 long the
standard way to apply for a white-
collar job may soon join those
once-ubiquitous products in history's
dustbin.
If you haven't applied for a job
lately, you may be surprised. If you
have applied for just about any posi-
tion in a midsized or large company,
you know what's happening.
Instead of reading your r6sum6, an
employer may ask you to fill out an
online form or take an online test that
measures how well you "fit" the job,
based on responses from successful
workers.
Google, for example, uses a
screening program to measure appli-
cants' attitudes, behaviors, personal-
ity and biographical details. Answers
are scrunched in a formula that cre-
ates a score, indicating how well the
candidate is likely to fare on the job.
"It's getting harder to sell yourself
for a job you think you're qualified
for," said Steve Murphy, a 48-year-
old job hunter from Lenexa, Kan,
who's been surprised at all the elec-
tronic hoops he's had to jump
through before nabbing interviews.
In most cases, he said, "You're just
able to post online."
Murphy and applicants like him
discovered that resumes have gone
digital. Forget worrying about what
kind of paper stock to use. You 'prob-
ably won't need it.
In some cases, r6sum6s have dis-
appeared from the hiring process
completely. Some employers don't
even want them in digitized format.
They prefer customized online
forms, tailor-made to cull the appli-
cant field.
Some human-resource gurus sug-
gest the personal interview could be
next on the endangered-species list.
John Sullivan, a management pro-
fessor at San Francisco State Univer-
*TURN TO RESUME


1


MIKE MAGUI/AP
VILLAGE: Real estate developer Frank McKinney funds self-sustaining villages for the poor in Haiti.
Above, he tours the newly completed Ange Village in Cap-Haitien, Haiti.


S


HELTERING


HAITI'S POOR


FRANK MCKINNEY USES HIS VAST FORTUNE TO
BUILD FREE HOMES IN HAITI,
THE HEMISPHERE'S POOREST NATION
BY KELLI KENNEDY
Associated Press

CAP-HAITIEN, HAITI -- Trudging through muddy sewer water,
Frank McKinney sidesteps a pig wandering aimlessly through this
destitute village, passing two dozen children with bloated bellies. He
pauses to give a stuffed toy to a young girl in a yellow dress.


He doesn't grimace at the
stench, but seems pained when he
learns the children fish through the
water scavenging for crabs to eat or
sell. There is no electricity or run-
ning water in this makeshift village
built on a garbage dump.
A day later, the developer enter-
tained billionaires interested in his
$135 million home near Palm Beach,
renting a red carpet, a Bentley with
diamond encrusted wheels and
models wearing fruit.
The multimillionaire who is
building one of the most expensive
homes in the United States is also
one of Haiti's benefactors he's
already commissioned four villages


for the poor, including one for
those living in the garbage dump,
and is planning two more this year.
The homes are given free.
"It's taken a lot of work to be
able to understand I can live in
both words," said McKinney, 43. "I
train myself to understand that this
is part of the stewardship. I'm not
in this to feel good. It's all part of
the calling."
The mansion complete with a
combination shark tank-swimming
pool, bowling alley and ceiling
aquarium that snakes into a wet bar
- is the 32nd multimillion dollar
project for the Delray Beach devel-
oper. It is worlds away from the


simple $5,000 homes he builds in
Haiti.
His life is full of dichotomies,
though he seems to move with
grace between them.
Costumed in a black cape and
mask for the unveiling of his $20
million house in 2005, he rode
down a zip line and successfully
dueled an evil invader before a dra-
matic fireworks show. The home
sold a few weeks later.
"Never losing the little boy
inside really keeps one in touch
with creativity," said McKinney,
whose office is an elaborate two-
story tree house with an oceanfront
view.
He is eccentric, but not ostenta-
tious. He'll compete in the 135-mile
Badwater marathon in Death Val-
ley for the third time later this year.
Though he garners about 17 per-
cent from the home sales, he drives
a 2002 Honda hybrid, walks his
8-year-old daughter to school daily
and attends church every Sunday.
He practices "exercising my risk
threshold like a muscle," building
the multimillion dollar homes on


*TURN TO HAITI


Tech firms


urge use of


unused TV


airwaves

N Unused and unlicensed TV
airwaves are at the center of a
developing .battle between TV
broadcasters and tech
companies that want to deliver
high-speed Internet service over
the airwaves.
By DIBYA SARKAR
Associated Press
WASHINGTON Microsoft,
Google and other technology compa-
nies are bumping into resistance
from U.S. television broadcasters as
they seek regulatory approval to
deliver high-speed Internet service
over unused television airwaves.
The technology companies, which
have submitted a prototype device to
the Federal Communications Com-
mission for testing, say their aim is to
make broadband Internet connec-
tions accessible and affordable to
millions more Americans.
Broadcasters, though, fear the
unproven device could interfere with
TV service, and even some technol-
ogy experts have reservations about
how well the device will actually per-
form. Matters could get even more
complicated, broadcasters say, when
the industry switches from analog to
digital signals in 2009.
At the center of this dispute are
unused and unlicensed TV airwaves,
part of the spectrum known as "white
spaces." These white spaces are
located between channels 2 and 51 on
televisions that aren't hooked up to
satellite or cable, though use of these
services would not preclude anyone
from accessing the Internet over
unused spectrum in their region.
"This is some prime spectrum real
estate," said Ben Scott, policy direc-
tor for Free Press, a national nonpar-
tisan public interest research group,
which supports using the public air-
waves for Internet service.
In a nutshell, the technology com-
panies want to beam Internet access
through the white space and into
computers and mobile devices. And
they argue rural Americans would
benefit greatly because the technol-
ogy enables Internet service to
remote areas at a fraction of the cost
of cable- and telephone-based sub-
scription services.
"This is Wi-Fi on steroids," Scott
said.
*TURN TO TELEVISION


SUMMER DRIVING


Analysts: $3 gasoline unlikely


* Barring a hurricane or
unexpected international strife,
analysts say that U.S. gas
supplies should be ample enough
this summer to keep prices
relatively stable.
BY ALAN ZIBEL
Associated Press
Elementary school principal
Randy Busscher of Holland, Mich. is
braced for gasoline prices of $3 a gal-
lon or more by summer break.
Analysts say Busscher and other
U.S. motorists may be more worried
than necessary, however. Absent a
major Gulf Coast hurricane, unex-
pected international strife or a wave
of refinery woes, average U.S. gaso-
line prices are not expected to rise to


the $3-a-gallon psychological thresh-
old this summer a good sign as
well for the broader economy, which
is under pressure from a weakening
housing market.
When energy prices rise, the risk
is that consumer spending will fall,
particularly at discount stores and
low-priced restaurants, whose cus-
tomers tend to be more sensitive to
extra costs in their monthly budgets.
The stock prices of some restau-
rant chains, including Applebee's
International, Darden Restaurants
and Wendy's International dipped in
recent weeks as gasoline prices rose.
The Dow Jones Index for restaurants
and bars is down more than 5 percent
for the month, compared with a 4.7
percent decline for the benchmark


Standard & Poor's 500 index.
Energy analysts say U.S. gasoline
supplies should be ample enough this
summer to keep prices relatively sta-
ble. "We don't think that oil prices
are going to be a drag on the econ-
omy this summer," said Global
Insight energy analyst Kevin Linde-
mer.
Economist Douglas Porter of BMO
Capital Markets in Toronto said con-
sumer spending seems more likely to
be hurt this summer by the slow-
down in the housing market than any
nominal increase in energy prices.
Still, the average price for regular
unleaded has shot up nearly 40 cents
per gallon since late January and
*TURN TO GAS PRICES


FILLING UP.
When energy
prices rise,
consumer
spending falls.
Left, Sandra
Fairbank fills
up her
automobile at
a Mobil gas
station in
Cambridge,
Mass.

CHITOSE SUZUKI/AP


LI_~_ 1_____1_ _


I


'T, Ia I


..l...iiii l >. I ... .: ..















4BI MONDAY, MARCH 19,2007 INTERNATIONAL EDITION


WALL STREET



Investors us subprime woes as exit point


*INVESTORS

overall business, it still has
made investors nervous. The
Amex Securities Bro-
ker/Dealer index, which
tracks 12 of the most widely
known firms in the sector, has
fallen 11 percent since compa-
nies began to disclose prob-
lems in subprime loans on
Feb. 8.
That was the day HSBC
Holdings, Europe's largest
bank, admitted delinquencies
on risky U.S. mortgages rose
to a four-year high. It was also
the day New Century Finan-
cial announced it had lost


track of how rapidly its loan
portfolio deteriorated.
Certainly, the U.S. mort-
gage crisis was partly respon-
sible for the Feb. 27 global
market swoon that included a
416-point drop in the Dow.
Problems with subprime lend-
ers along with a sell off in
Chinese stocks and worries
about the economy have
made Wall Street increasingly
more cautious about compa-
nies in general.
"I think the issue with the
subprime space is really a
huge issue and is about what
effect it will have on the con-
sumer," said Jeffrey Morti-


Certainly, the U.S. mortgage crisis was partly
responsible for the Feb. 27 global inarkell
swoon that included a 4t16 poinl drop in the
Dow.


mer, chief investment officer
for equities at Charles
Schwab Investment Manage-
ment. "I worry about con-
sumer spending, which is
two-thirds of the economy.
He contends consumers
unnerved by a buckling of
some subprime mortgage
lenders and a pullback or lev-
eling off in home values could


ratchet back their spending.
This kind of logic puts a num-
ber of sectors on Wall Street
at risk.
Beyond-the obvious fallout
on home builders, retailers
are the next biggest target.
Americans worried about
making their mortgage pay-
ments could be that much less
willing to spend.


Home improvement stores
like Home Depot and Lowes,
which already have been
affected by the slowing hous-
ing market, could be further
hurt as people do less home
renovating. Appliance makers
like Whirlpool might also see
sales dwindle as homeowners
put off buy a new refrigerator
or washing machine.
It could also trickle down
into national chains like
Wal-Mart Stores and Target if
consumers just don't have as
much free cash to spend.
Wal-Mart already saw an
impact on its sales last year
from rising gasoline prices.


Smith, whose firm manages
about $1.7 billion in customer
assets, said turmoil in the
mortgage sector will only
make consumers more con-
cerned about how they spend.
But, while retailers are hurt,'
there are other more defen-
sive sectors that will still
thrive. "The non-discretion-
ary companies are where
most will look toward," he
said. "No matter what hap-
pens to homeowners, there is
still a need for energy, and,
there is still a need for health-
care. That's not going to
change no matter where the,
economy is."


PHILANTHROPY


Developer


uses his


fortune to


build free


homes


*HAITI

spec, despite Florida's often
fickle real estate market.
Sporting a teased blond
mane reminiscent of a 1980s
rocker, McKinney is some-
what of a rock star in the real
estate world. He brokers that
celebrity status to raise
money for his Haiti projects.
When McKinney went on a
nationwide book tour for his
second book, investors could
join him for eight-hour legs of
the journey if they donated
money to "The Caring House
Project Foundation."
"He's really a modern day
Robin Hood," said St. Louis
real-estate investor Marlene
Trice, who also accompanied
McKinney on a recent visit to
Haiti to see the village she
helped fund. "He creates a
huge amount of wealth in
everything that he does and
then turns it and gives it back
to the communities that don't
have any."
McKinney, who would not
disclose his net worth, ini-
tially tried building for the
local homeless, but was
stalled by government red
tape and quickly realized he
could build homes cheaper
and faster in one of the poor-
est and most violent countries
in the Western Hemisphere.
The villages cost between
$400,000 and $500,000 to
build.
To the Haitian children, he
is seen as the Beanie Baby
man and on a recent trip has
jammed 750 into backpacks

SUMMER DRIVING


J. PAT CARTER/AP
BEST OF BOTH WORLDS: Real estate developer Frank McKinney lives in an $8-million
ocean-front home he built in Delray Beach, Fla.


that he passed out after the
village's dedication cere-
mony.
Normally talkative, McKin-
ney was silent for much of the
trip as he toured the Ange Vil-
lage, which includes homes
for 30 families, a community
center, medical clinic, school,
orphanage and acres of farm
land with goats and chickens
so the village can be self-
sufficient. More homes, a soc-
cer field and tilapia pond are
slated for Phase 2.
"This is the best thing that
ever happened to me," said
Jean Louis, 47, who lives in
another village McKinney
built in Cap-Haitien with his
wife and five children. "This
home makes me feel safe. No
one will ever kick me out
again."
Surrounded by lush green
mountains and not far from
the coast, McKinney noted
the landscape would be prime
real estate anywhere else than
this violent country with its


HAITI AT A GLANCE .

* Description: Poorest country in the Western Hemisphere;
economy is in a shambles
* Population: 8.4 million
* Capital: Port-au-Prince
* Area: 10,714 square miles
* Major languages: Creole, French
* Median age: 18.2 years
* Life expectancy: 53 years
* Percent living below poverty line: 80%
" GDP per capital: $1,800
* Main exports: Light manufactures, coffee, oils, cocoa.
mangoes
FIND OUT MORE
The Caring House Project Foundation: http://www.frank-
mckinney.com/caringHouseProject.php


pock marked, garbage strewn
roads.
With him were 12 other
real estate investors who have
contributed to his projects.
He's hoping the abject pov-
erty will inspire them to
larger donations.
On the way back to the air-


port, McKinney said he is
eager to begin work on the
next village slated for the
Haiti-Dominican Republic
border.
For now, he boarded a
plane home, to walk a red car-
pet and smile for the billion-
aires.


INTERNET VS. TV


Tech firms urge


use of unused


TV airwaves


*TELEVISION

Scott Blake Harris, an
attorney representing a loose
coalition of technology com-
panies that typically compete
with one another, said he
believes the FCC should
authorize this technology so
long as its proponents can
prove it will not disrupt TV
programming.
But broadcasters want the
FCC to proceed cautiously.
The National Association
of Broadcasters, which repre-
sents more than a thousand
local TV stations as well as
major broadcasters including
Walt Disney's ABC division
and Univision Communica-
tions, insists the industry is
not against the new technol-
ogy only worried about
unintended consequences.
"If they (the technology
companies) are wrong, once
those devices get introduced
that means that people won't
be able to get clear television
pictures," said NAB spokes-
man Dennis Wharton.
Shure, a manufacturer of
wireless microphones, has
also expressed concerns, say-
ing use of white space for
Internet services could cause
interference with audio sys-
tems at concerts and sporting
events. Potential pitfalls
aside, proponents of the new
technology including Dell,
Hewlett-Packard, Intel and
Philips Electronics North
America, a division of Nether-
lands-based Royal Philips
Electronics NV say it could
also spur innovation.
Paul Brownell, a govern-
ment relations manager at
Dell, said white-space spec-
trum also could be used to
stream video and audio
throughout a house without


running wires all over the'
place. The company is inter-
ested in building computers
that would come prepro-,
grammed to recognize Inter-,
net service delivered via
white space.
Advocates said the white-
space spectrum is too valu-
able to be left idle because the
television airwaves can trans-'
mit better signal quality
through obstacles and to a
wider geographic area. In
rural areas, the new technol-
ogy is an attractive alternative ,
to phone-, cable- or satellite-
based Internet service
because it would not require"
expensive new infrastructure
to be built, they said.
The lack of infrastructure
is a key reason why many
rural areas lack high-speed
Internet service. A recent
Pew Internet & American Life
Project found that only 30
percent of rural residents
have high-speed Internet as
compared with 49 percent for
suburban residents and 52 .
percent for urban Americans.
Amid all this enthusiasm, .
however, there are skeptics.
Dorothy Robyn, a principal ,
with the Brattle Group, a,
Cambridge, Mass.-based eco-
nomic consulting firm, said
the technology benefits could
be overstated. Specifically,
she questioned whether the
device could deliver good-
quality Internet service over
long distances.
For this reason, she said
licensing the white-space
spectrum is critical to ensur
that it gets used in the best
and most efficient way. And
there's an added benefit,
Robyn said: if signal interfer-
ence ever became an issue,
broadcasters could point to
the source of the problem.


Analysts: $3 per gallon gasoline price unlikely


*GAS PRICES

Busscher, who drives a fuel-
efficient Toyota Camry, is
prepared for the worst.
Seeing gasoline rise to last
summer's levels, when prices
averaged more than $3 a gal-
lon for much of July and
August, "would bother me
and I'm sure it would bother
others."
The national average price
for regular unleaded on Fri-
day was $2.55 a gallon, up
more than 30 cents from a
month ago, according to
AAA's daily survey of more
than 85,000 self-serve sta-
tions.


The Energy Information
Administration, the Energy
Department's statistical
agency, projects the average
pump price of regular
unleaded will hit a peak of
around $2.70 a gallon in June,
then drop off as the summer
driving season wanes.
The average price of crude
oil is projected to remain
around $64 per barrel through
summer, down from last
year's record levels of more
than $78 a barrel.
Gasoline prices have risen
in recent weeks due to
planned and unplanned refin-
ery outages, as well as falling
imports from Europe, accord-


Energy analysts say U.S. gasoline supplies
should be ample enough this summer to keep
prices relatively stable.


ing to the forecasting agency.
Those conditions are
expected to ease later this
spring.
And unlike the start of last
summer, when much of the
country made a transition to
ethanol as a gasoline-blending
component, there should be
ample supplies of the corn-
based fuel this year, said Tom
Kloza, chief oil analyst for Oil
Price Information Service.
Other economists disagree.


Wachovia economists pre-
dict gasoline prices this sum-
mer will average $2.75 to $3
per gallon lower than last
year, but not by much.
"This year consumers have
not only to contend with high
gas prices, they've got to con-
tend with worries about slow-
ing economic growth," said
Wachovia economist Gina
Martin.
"The job market is still
steady but not running as


quickly as it was last year."
The Organization of Petro-
leum Exporting Countries
said in Vienna on Thursday
that it plans to keep crude-oil
production at existing levels,
satisfied that two recent
rounds of output cutbacks
helped balance global markets
and stabilize prices around
$60 a barrel.
OPEC warned, though, that
oil price volatility is likely to
continue in 2007.
Prices have zigzagged
recently, sometimes sharply
during the same day, buoyed
by political tensions with Iran
and pulled down by mild win-
ter temperatures in the


Northeast.
For many consumers,
though, explanations of inter-
national turmoil that sends oil
markets up and down are
hardly reassuring.
Warehouse worker Luis
Ortega, 35, who commutes 80
miles a day to his job in south-
ern California, has felt the
impact of higher pump prices
in recent weeks.
"I can't go to the movies as
often, dinner as often. I drive
less and stay home more,
watch more TV," he said, fill-
ing up his red 1998 Toyota
SUV with regular unleaded
priced at $3.09 a gallon near
downtown Los Angeles.


JOB HUNT


Online software makes printed resumes dinosaurs


*RESUME

sity, says most interviews are
as valuable as Ouija boards in
measuring whether a person
will be good on the job.
Interviewers ask the wrong
questions and job candidates
can lie or simply not shine,
when on the job they'd do
quite well, he says. Compa-
nies especially those that


hire thousands of workers and
have high turnover are
turning to a range of comput-
er-based filters to pare down
candidates to a manageable
number. At AMC Entertain-
ment, for example, the com-
pany is introducing questions
about availability, work eligi-
bility, desired pay, qualifica-
tions and pertinent awards in
the online application pro-


cess, said Keith Wiedenkeller,
senior vice president-human
resources.
The new screening soft-
ware allows an interview,
when it's offered, "to be more
streamlined and efficient,"
with just five or six basic
questions needed, mostly of
the "tell me about a time
when you resolved a difficult
customer service situation"


variety, he said.
Even smaller companies,
where r6sum6s still are
accepted, have purchased
screening software.
An increasingly popular
screening tool uses a kind of
standardized test. Applicants'
answers to questions about
such characteristics as their
preferred noise level at work
or the time of day they feel


most energized are com-
pared with answers from
workers who already are suc-
cessful in the jobs.
Many job hunters are frus-
trated at the digitized "deper-
sonalization" of the hiring
process. But many in the
human-resource industry are
glad online screening tools
exist.
"There's no way anymore


to filter qualified applicants
by just looking for buzzwords
on resum6s," said Darren
Dupriest, president of Valid-
ity Screening Solutions, a
security and background
checking company in Over-
land Park.
"We've sacrificed face-to-
face for efficiency," Dupriest
said. "The cost of a bad hire is
too great."


~b--e~ I 'I II r ~ I I II


MiamiHerald.com I THE MIAMI HERALD

















Film Studios buyer:





We will not be bullied



Hits out at Fuller over claims on paying Islands by Design


By NEIL HARTNELL
Tribune Business Editor
The investment group
who saw their $14 mil-
lion bid to acquire the
Bahamas Film Studios rejected
after failing to negotiate an
extension to the deal's close,
said at the weekend that they
would not be "bullied" by the
vendor, telling The Tribune
they were "making it sound as
if we were the culprit".
Owen Bethel, president of
Nassau-based financial services
provider, the Montaque
Group, said he was disap-
pointed that his investor con-
sortium had been unable to
negotiate an extension to the
March 15 closing deadline with
Ross Fuller, head of Ashby
Corporation, adding that the
deal's collapse at least for the
moment would further delay
the Bahamas Film Studios' re-
opening and attempts to
resume operations.
Mr Bethel also responded to
a release by Mr Fuller, in
which the latter said the dead-
line was not extended because
Mr Bethel and his group,
Bahamas FilmInvest Interna-
tional, had failed to "make
payments to an environmen-
tal firm as they had warrant-
ed to do".
That firm is understood to
be Bahamas-based Islands By
Design, run by Keith Bishop,
who had sued the Bahamas
Film Studios for $80,000 over
an alleged unpaid Bill relating
to an environmental impact
assessment (EIA) he had per-
formed for the company.
Mr Fuller, in an e-mailed
reply to The Tribune's ques-
tions, said the lawsuit from
Islands By Design was "pend-
ing and will be dealt with pru-
dently", although he did not
explain what he meant by that.
Mr Bethel, though,
explained that under the orig-
inal Memorandum of Agree-
ment signed with Mr Fuller for
the initial February 28, 2007,
closing, everything "was con-
ditional on government
approval" for the purchase by
Bahamas FilmInvest.
Mr Bethel said his group
eventually agreed to undertake
to pay Islands By Design the
money it was owed by the Stu-
dios, which he alleged was Mr
Fuller's obligation, provided
they received government
approval.
This was not forthcoming, as
the Government had not had


I


I


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

> Manage the workshop and the execution of planned and preventative
maintenance program
> Diagnose 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.


the chance to complete its due
diligence and assessments by
then, which resulted in one
extension being negotiated
until March 15.
The two sides could not
agree terms for a further exten-
sion, and Mr Bethel told The
Tribune that Bahamas Filmln-
vest "decided not to make any
further payments until the
agreement was extended".
As a result, in the absence
of any extension agreement,
he said Bahamas Filmlnvest
would not pay Mr Bishop and
"provide Mr Fuller with cash
funds to meet the Film Stu-
dios' daily expenses".
Referring to Mr Bishop, Mr
Bethel said: "We have been in
communications with his
lawyer to indicate that, 'yes,
we would cover that', subject
to negotiations and approval
being given by the Govern-
ment. There was nothing pre-
sented to him that we were
going to undertake that imme-
diately."
"It's making it sound as if
we were the culprits," Mr
Bethel added.
"I am surprised that in our
attempts to negotiate in good
faith for an extension, and with
regard to the amount of time it
would take to obtain govern-
ment approval, that Mr Fuller
has decided not to proceed
with resolving and working out
an extension and new terms of
negotiation.
"The interest of ensuring the
project moves and gets opera-
tional as quickly as possible
will be further delayed through
this process, whether he is con-
tacting other investors or has
to come and negotiate with us
again.". ..
Mr Bethel told The Tribune:
"We're still certainly very
much interested in the project
if Mr Fuller is prepared to sit at
the table and come to the table
in good faith. We are certainly
ready to close the deal in terms


* OWEN Bethel, president of Montaque Group
(FILE photo)


of financing.
"The only issue is that we
are making it all subject to gov-
ernment approval. It seems
time is of the essence on Mr
Fuller's.side.......
"I would also think it is dis-
appointing to the Bahamas
Film Commission and Ministry
of Tourism, who certainly have
plans to promote the whole
industry, including the facility
itself."
Bahamas FilmInvest's
deposit has been returned to
it by Mr Fuller, and Mr Bethel
said his team had run up con-
siderable expenses on their
acquisition attempt well over
$300,000.
In a later release, Bahamas
FilmInvest said it stood ready
to "infuse millions" of dollars
into the 3,500 acres Bahamas
Film Studios project, some-
thing Mr Fuller had been
unable to do.
It accused Mr Fuller of


appearing to put himself
before the interests of the pro-
ject and the Bahamas, adding
that it was Bahamas Filmln-
vest that resolved a $10 mil-
lion debt owed by the Studios
to FirstCaribbean Internation-
al Bank (Bahamas) through
talks with the loan's guaran-
tor, United Insurance.
Mr Bethel added: "Mr
Fuller's remarks appear to be a
negotiating ploy, either to pres-
sure Bahamas FilmInvest to
provide more favourable terms
or to use Bahamas FilmInvest's
terms to attempt to negotiate a
more favourable deal from a
third party.
"In either case, Mr Fuller
has misjudged Bahamas
FilmInvest.
"We will not be bullied by
Mr Fuller, and we will assert
our rights against Mr Fuller,
his companies and any inter-
fering parties to the fullest
extent possible under the law."


A i r'R.,


Presenter



'Topic



Date*



Venue.


II


Please send resume to:


I


Human Resources Manager
P.O. BOX N-3207
DA 16436
NASSAU, BAHAMAS


U


MONDAY, MARCH 19, 2007, PAGE 5B


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BAIC


ient
To sensitize Bahamins of
the business opportunities
available to them now, and
to encourage them to
exploit such opportunities,
thereby empowering iem
to become self employed.

February l-pril 5, 00
(See Schedule Below)
700 p.m., Lectue/Presetatin
nleractive Pael Discussio
followed by bteprneum
Testimonials and &I session.

te ctcOa of Trlhe It
teclut .Mlanl
Aum bmre


Wr. DudrickEdwards
Assistant fProfessor
Schioo(of Business, Tie Coffege ofTie (Bahamas

Doing (Business via the Internet
Possibilities 'Pitfalls


Thursday March 15, 2007
at 7:00 p.m.


The Coffege Of The (Bahamas
("Bahamas Tourism Training Center)
(Lecture fTheatre)


FRE of charge


DATE:

TIME:




VENUE:


Change your buying habits, "BIT to SEl",
become self employed and create wealth.


Schedule of Weekly Seminars


* Thunday Frebrary 1,2007
"'mpofrtingerdCffaliimi *
COB Lectur 'hearoe
Presenter Mr, Glenn Ferguson
* Thunday Febnary 8, 200
uannewytanmwsA T'tecltiif e at wr ing
B. 'r. V.I. Old Toil Road
Preentert- Mi Daniel Thomnpo
* unday Febhar y 15, 20W
tuRSinni fMuCtUd aniVMnt Capilt!
COB Lauit Theme
Presenter- Mr. J oernm Gner


* Thun day february 22, 2007
Iwotflpivlg -Accouiuiyfor the Busimes
COB Lweure Thcatre
Preanter Mr Chrislophet Stuart
. Thntay Manh 1, 2007
usinnetu Opporpntut m rin ii(946amas
COB Lctur Thea e
Premer- Mr BM en mBailey

' a f ng 1arI dwai w ata Iru. rweslor
COB Leccure I'hcatrc
Proaentcn- Mr. Donald DImcrittc
Mr. Paul Major


SThunday Much 15, 2001
Coming, iusmess ite Inttremt r-0s161,a ot
(tfats COB- Iecr lIrThreare
PresnerC- Mr Dudrnck Ednards
* Thunday March 22, 2007
Irwrt d rT. Cwrru., c' rtelamu
COB Lecture Theatre
Presentetr Bahmas Cusoms Rcprcnitlaivc
* Thunday March 28, 2001
Vvo i A r;C tfor tr 'K.iiMU
COB Lciure Thcauc
Presnler Mr Christopher Stuat
* Thursday April 5,2007
Gonternmmentl uflatm anti mtwUs Laeunau
COIl B nlue Tliatrc
Pr-sntcr Regslrar Reprcerinttii '


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WAN A ISED


I I
CONTACT: Bahamas Agricultural and Industrial Corporation (BAIC) at 322-3740 or 325-1912
Mr. Lester Stuart / Mr. Le-Var Miller


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(242) 397-1600
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CENTRE FOR CONTINUING EDUCATION AND
EXTENSION SERVICES (CEES)

ACADEMIC UPGRADING DEPARTMENT

Part-time Instructor in College Prep Geography (New Providence Campus) Candidates must be able to
teach Geography at the College Preparatory/BGCSE level. Candidates must have at least an earned
Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the
level of BGCSE in the subject area.

Part-time Instructor in College Prep Mathematics (New Providence Campus) Candidates must be able
to teach Mathematics at the College Preparatory/BGCSE level. Candidates must have at least an earned
Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the
level of BGCSE in the subject area.

Part-time Instructor in College Prep Biology (New Providence Campus) Candidates must be able to teach
Biology at the College Preparatory/BGCSE level. Candidates must have at least an earned Bachelor's
Degree in the subject area, a Teaching Certificate and five years of teaching experience at the level of
BGCSE.in the subject area.

Part-time Instructor in College Prep Chemistry (New Providence Campus) Candidates must be able to
teach Chemistry at the College Preparatory/BGCSE level. Candidates must have at least an earned
Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the
level of BGCSE in the subject area.

Part-time Instructor in College Prep Agriculture (New Providence Campus) Candidates must be able to
teach Agriculture at the College Preparatory/BGCSE level. Candidates must have at least an earned
Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the
level of BGCSE in the subject area.

Part-time Instructor in College Prep History/Social Studies (New Providence Campus) Candidates must
be able to teach History/Social Studies at the College Preparatory/BGCSE level. Candidates must have
at least an earned Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching
experience at the level of BGCSE in the subject area.

Part-time Instructor in College Prep Civics (New Providence Campus) Candidates must be able to teach
Civics at the College Preparatory/BGCSE level. Candidates must have at least an earned Bachelor's
Degree in the subject area, a Teaching Certificate and five years of teaching experience at the level of
BGCSE in the subject area.

Part-time Instructor in College Prep English Language (New Providence Campus) Candidates must be
able to teach English at the College Preparatory/BGCSE level. Candidates must have at least an earned
Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the
level of BGCSE in the subject area.
To ensure consideration, application materials must be received by April 30, 2007. A complete
application packet consists of an application Letter, a College of The Bahamas' Application Form
a detailed curriculum vitae, copies of transcripts (original transcripts required upon employment)
and the names and contact information of three references addressed to:
The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
PR O0. Box N-4912
Nassau, Bahamas

PERSONAL DEVELOPMENT DEPARTMENT

Part-time Instructor in Accounting for Beginners I, II & III (New Providence Campus)
Candidates must be able to teach Accounting at the introductory to advanced level. Candidates must
have at least an earned Master's degree or equivalent (e.g. CPA CA) in the subject. A teaching certificate
is desirable.

Part-time Instructor in Introduction to Business I & II (New Providence Campus)
Candidate must be able to teach Introduction to Business at the introductory to advanced level. Candidates
must have at least an earned Master's degree or equivalent in the subject. A teaching certificate is
desirable.

Part-time Insructdr ir Business'Etiqgettd (JNtvy Providerce Camripus)
Candidates must be able to teach Business Etiquette at the'introductory to advanced level. Candidates
must have at least an earned Bachelor's degree or equivalent in the subject. A teaching certificate is
desirable.

Part-time Instructor in Human Resource Management I, II (New Providence Campus)
Candidates must be able to teach Human Resource Management at the introductory to advanced level.
Candidates must have at least an earned Master's degree or equivalent in the subject. A teaching certificate
is desirable.

Part-time Instructor in Computer Applications 1, II (New Providence Campus)
Candidates must be able to teach computer courses at the introductory to advanced level. Candidates
must have at least an earned Bachelor's degree or equivalent in the subject. A teaching certificate is
desirable.

Part-time Instructor in Credit & Collections Procedures and Control I & II (New Providence Campus)
Candidates must be able to teach Credit & Collections Procedures and Control at the introductory to
advanced level. Candidates must have at least an earned Master's degree or equivalent in the subject.
A teaching certificate is desirable.

Part-time Instructor in Superior Customer Service Workshop (New Providence Campus)


Candidates must be able to teach Superior Customer Service /Course Workshop. Candidates must have
at least an earned Bachelor's degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Information Technology I & II (New Providence Campus) Candidates must be able
to teach Information Technology I & II at the introductory to advanced level. Candidates must have at least
an earned Bachelor's degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in QuickBooks (New Providence Campus) Candidates must be able to teach QuickBooks
at the introductory level. Candidates must have at least an earned Bachelor's degree or equivalent in the
subject. A teaching certificate is desirable.

Part-time Instructor in PC Upgrade and Repair (New Providence Campus) Candidates must be able to
teach PC Upgrade and Repair at the introductory to advanced level. Candidates must have at least an
earned Bachelor's degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Effective PowerPoint W/S (New Providence Campus) Candidates must be able to
teach Microsoft PowerPoint at the introductory to advanced level. Candidates must have at least an
earned Bachelor's degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Web Page Design Workshop (New Providence Campus) Candidate must be able
to teach Web Page Design at the introductory to advanced level. Candidates must have at least an earned
Bachelor's degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Interior Decorating I & II (New Providence Campus) Candidates must be able to
teach Interior Decorating at the introductory to advanced level. Candidates must have at least an earned
Bachelor's degree or equivalent in the subject. A teaching certificate is desirable.

Part-time Instructor in Floral Design 1, II & Ill (New Providence Campus) Candidates must be able to teach
Floral Design at the introductory to advanced level. Candidates must have at least a minimum of five years
working experience in the area.

Part-time Instructor in Effective Writing Skills (New Providence Campus) Candidates must be able to teach
Effective Writing at the introductory to advanced level. Candidates must have at least an earned Bachelor's
degree or equivalent in the subject or related area. A teaching certificate is desirable.

Part-time Instructor in Basic of Freehand Cutting I & II (New Providence Campus) Candidates must be
able to teach Basic of Freehand Cutting at the introductory to advanced level. Candidates must have at
least five years working experience in the area.

Part-time Instructor in Drapery Making I & II (New Providence Campus) Candidates must be able to teach
Drapery Making at the introductory level to advanced level. Candidates must have at least a minimum
of five years working experience in the area.

Part-time Instructor in Bath and Kitchen Accessories (New Providence Campus)
Candidates must be able to teach Bath and Kitchen Accessories at the introductory level to advanced
level. Candidates must have at least a minimum of five years working experience in the area.

Part-time Instructor in Basic Car Maintenance (New Providence Campus)
Candidates must be able to teach Basic Car Maintenance at the introductory to advanced level. Candidates
must have at least an earned Bachelor's degree or equivalent in the subject.
To ensure consideration, application materials must be received by April 30, 2007. A complete
application packet consists of an Application Letter, a College of The Bahamas' Application Form
a detailed curriculum vitae, copies of transcripts (original transcripts required upon employment)
and the names and contact information of three references addressed to:
The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P. 0. Box N-4912
Nassau, Bahamas


EDUCATING & TRAJINNG BAHAMIANS


PROFESSIONAL DEVELOPMENT DEPARTMENT
(New Providence. Bahamas)


Lean Mastery
Human Resource Management
Business Administration
Administrative Skills
Supervisory Skills
Public Accounting
Project Management
Professional Management
Executive Leadership Skills
Writing & Research Skills
The Legal Environment
General Legal Principles
Employment Law
Company Law
Banking & Trust Law
Real Estate Law
Real Estate Management
Insurance Management & Sales
Insurance Law
E-business Practice & Management
Hotel Front Office Management
Accounting For Non-Financial Managers

All candidates must have earned Masters' Degrees from a recognized accredited institution in the
relevant area or its equivalent.

To ensure consideration, application materials must be received by April 30, 2007. A complete
application packet consists of an Application Letter, a College of The Bahamas' Application Form
a detailed curriculum vitae, copies of transcripts (original transcripts required upon employment)
and the names and contact information of three references addressed to:

The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
PR O 0. Box N-4912
Nassau, Bahamas


THE COLLEGE OF THE BAHAMAS

STAFF VACANCY

The College of the Bahamas invites applications for the following post:
Assistant, Alumni Relations & Development
DIVISION: Office of the President
UNIT: Alumni Relations and Development
START DATE: May 1, 2007
JOB DESCRIPTION
SUMMARY:
Working out of The Office of the President, in a team under the joint direct supervision of the
Development Officer and Alumni Relations Director, the Alumni Relations & Development Assistant
is responsible for the day-to-day administration of alumni and development activities. The Alumni
Relations & Development Assistant participates in all fundraising activities including donor and alumni
events, database maintenance, information/record management, alumni and donor research, mailings,
and special events. The successful candidate will be someone with strong organisational skills who
is a good communicator both verbally and in writing and who enjoys team work. This is an excellent
opportunity for someone who is also creative and who will enjoy working with others to build a new
Aluhjni Relations and Development Department at The College/University of The Bahamas.

DUTIES AND RESPONSIBILITIES:
Process donations and prepare acknowledgement letters and other correspondence
Maintain foundation, corporation, individual donor and alumni record files
Create fundraising reports and other database reports as needed
Continually create, update and correct database records
Conduct preliminary research on prospective corporate foundation and individual donors
Coordinate productions and mailing of appeal letters
Send appropriate documentation to process credits to donors
Maintain guest lists, gather and prepare registration materials and other duties as
assigned for fund-raising and alumni events
Handle all administrative details associated with committee meetings (i.e. prepare
and distribute notices, agendas, minutes, etc.).
Prepare media materials for distribution. (i.e. copying, filing, mailing, e-mailing)
Assemble media and donor kits for events and meetings.
Other duties as assigned

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
Associate's or bachelor's degree
Proficiency in Microsoft Word, Excel and PowerPoint
Capacity to manage substantial volumes of email correspondence and to organize
meetings using calendaring technology
Database maintenance and data entry experience
Excellent written and verbal communication skills
Ability to present information concisely and effectively, both verbally and in writing
Ability to organize work and to manage competing priorities
Proven accuracy and attention to detail
Proactive work ethic and ability to take initiative towards agreed upon goals
Excellent interpersonal skills
A team player and overall pleasant disposition

While the normal candidate will have administrative experience, consideration will be given to any
entry level candidate who has demonstrated the capacity to excel, who is an excellent organizer, who
has strong communication and interpersonal skills and who demonstrates an excellent attitude and
willingness to learn and work effectively in a team setting.

The following statements are intended to describe the general nature and level of work being performed.
They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills
required of the Alumni Relations & Development Assistant

Compensation is commensurate with qualifications and experience.

To ensure full consideration, interested candidates should submit a College of The Bahamas Application
Form, a comprehensive resume and a cover letter of interest. To expedite the appointment procedure,
applicants should request that three referees send references under confidential cover directly to the
address listed below on or before April 5, 2007:

Human Resources Department
The College of The Bahamas
Ground Floor, Administration Building
Thompson Blvd and Poinciana Drive
PO Box N 4912
Nassau, Bahamas
Email:hrapply@cob.edu.bs

Please visit our website at www.cob.edu.bs for more information about the College and to access
the College's Employment Application Form.


THE INTERNATIONAL LANGUAGES AND CULTURES INSTITUTE
AT


THE COLLEGE OF THE BAHAMAS


ANNOUNCES THE FOLLOWII COURSE: BEGBWING MARCH 27, 2007


CONVERSATIONAL MANDARIN CHEESE, Beginners' Level
luesdays/Tlursdays 7:00 8:30

LOCATION: The Munnings nlhig, next to KFC, by the COB roundlabout

PRICE: $250 per course

FOR MORE INFORMATION, CALL: 302-4584 or 302-4587


I El


PAGE 6B MONDAYMARCH 19, 2007


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THE COLLEGE OF THE


Visit our website at www.cob.edu.bs


THE COLLEGE OF THE BAHAMAS
STAFF VACANCY

Library and Media Services

Librarian Technical Services
The position falls in the area of Technical Services. The incumbent should be dynamic,
innovative individual with a strong commitment to service within a diverse community. The
Librarian will demonstrate successful administrative experience in a library, sound understanding
of emerging technologies and the ability to use them within the library setting and commitment
to developing a strong integrated library service within the academic environment.
The duties of the Librarian will include management of the Unit, leadership in short and long
range planning to enhance and expand library services, development and promotion of library
resources and services, personnel supervision, initiation and management of appropriate
emerging technologies, and liaison with relevant internal and external groups.
The Librarian should possess a Master's degree in Library and Information Science from an
accredited institution, and a minimum of two years, post Masters professional library experience.
The incumbent will demonstrate strong communication and interpersonal skills that engender
an excellent customer friendly environment. Evening and weekend work on rotation, library
research, service to the community and library instruction will also be required.
To ensure consideration, application materials must be received by April 30, 2007. A
complete application packet consists of an application letter, a College of The Bahamas'
Application Form, a detailed curriculum vitae, copies of all transcripts (original transcripts
required upon employment) and the names and contact information for three references
addressed to:
The Director
Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
PR O 0. Box N-4912
Nassau, Bahamas
Please visit the College's website at for more information about the institution and to
access the College's Employment Application Form.

THE COLLEGE OF THE BAHAMAS
STAFF VACANCY
Applications are invited from suitably qualified individuals for the following position:
Purchasing Manager, Culinary & Hospitality Management Institute

SUMMARY STATEMENT
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 storeroom
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 vitalii
EDUCATION AND EXPERIENCE REQUIREMENTS
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.
KNOWLEDGE, SKILLS, AND ABILITIES REQUIREMENTS
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


THE UNIVERSITY OF THE WEST INDIES
(UWI)
LL.B. PROGRAMME (FULL-TIME)
AT THE COLLEGE OF THE BAHAMAS

ENTRY REQUIREMENTS
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
(b) ASSOCIATE OR BACHELOR degree with a CUMULATIVE 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 admission.
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. In particular, MATURE APPLICANTS OVER 30 WHO PROVIDE EVIDENCE
OF ACADEMIC AND PROFESSIONAL ACHIEVEMENT CAN BE CONSIDERED. This is
an opportunity 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 from 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 OFFICE AT COB).


EDUCATING & TRAINING BAHAMIANS


PRESIDENT'SASCHOLARS
--PROGRMME^^-


The College of The Bahamas is now accepting applications for its prestigious and
valuable President'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

Benefits
* Scholarship Award of $24,000.00 ($6,000.00 per year for 4 years)
* Comprehensive Leadership Training with opportunities for international
travel.
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 COLLEGE OF THE BAHAMAS
SCHOOL OF SOCIAL SCIENCES

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
Panelists:


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 397-2606/7


THE COLLEGE OF THE BAHAMAS
CENTRE FOR CONTINUING EDUCATION AND EXTENSION SERVICES
PRESENTS

A One Day Workshop

in

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.
CASH, CREDIT CARD OR BANK CERTIFIED CHEQUE ACCEPTED
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.


MONDAY, MARCH 19, 2007, PAGE 7B


THE TRIBUNE BUSINESS












AGE 8, MONDAY, MARCH 1
,.'PAGE 8B, MONDAY, MARCH 19, 2007


'4


THE TRIBUNE BUSINESS


COLLEGE OF THE BAHAMAS'


Visit our website at www.cob.edu.bs


CBiTRE FOR CONTINUING EDUCATION AMND TENSION SERVICES

PERSONAL DEVELOPMBRT SUMMER SEMESTER
COURSE SEC COURSE
NO. NO. DESCRIPTION TIME DAY START DUR FEE
ACCOUNTING_______________________________________
ACCA900 01 ACCA FOR BEGINNERS I 6:00pm-8:00pm Mon/Wed 7-May 10 wks $250
ACCA901 01 ACCA FOR BEGINNERS II 6:00pmi-8:00pm Mon/Wed 7-May 10 wks $275
ACCA902 01 ACCA FOR BEGINNERS III 6:00pm-8:00pm Tues/Thurs 8-May 10 wks $300
BUSINESS _____________________________
CUST900 02 SUPERIOR CUSTOMER SER. W/S 9:30am-4:30pm Thurs 29-Mar 1 day $170
CUST900 01 SUPERIOR CUSTOMER SER. W/S 9:30am-4:30pm Thurs 31May 1 day $170
BUSI900 01 CREDIT AND COLLECTIONS I 6:00-9:00PM Thurs 10 May 8 wks $225
BUS19I01 01 CREDIT AND COLLECTIONS II'-' 6:00-9:OOPM Tue 8-May 8 wks $250

COMPUTERS
COMP901 01 COMPUTER APPLICATIONS I 6:00pm-9:30pm Mon 7-May 9 wks $450
10:00am-
COMP901 02 COMPUTER APPLICATIONS I 1:30pm Sat 5-May 9 wks $450
COMP902 0,1 COMPUTER APPLICATIONS II 6:00pm-9:30pm Thurs 10May 9 wks $550
COMP941 01 QUICKBOOKS 6:00pm-9:00pm Tues 8-May 6 wks $330
COMP953 01 PC UPGRADE & REPAIR 6:00pm-8:00pm Mon/Wed 7-May 9 wks $500
COMP960 01 EFFECTIVE POWERPOINT 9:30am-4:30pm Thurs 31May 1 day $170
COMP930 01 WEB PAGE DESIGN WORKSHOP 930am-4:30pm Thurs 14-Jun 2 days $550
DECORATING
FLOR800 01 FLORAL DESIGN I 6:00pm-9:00pm Thurs 10May 10 wks $225
FLOR801 01 FLORAL DESIGN II 6:00pm-9:00pm Tues 8-May 10 wks $250
FLOR802 01 FLORAL DESIGN III 6:00pm-9:00pm Mon 7-May 10 wks $300
DEC0800 01 INTERIOR DECORATING I 6:00pm-9:00pm Wed 9-May 10 wks $225
ENGLISH __________
ENG 900 01 EFFECTIVE WRITING SKILLS 6:00pm-9:00pm Tues 8-May 8 wks $225
HEALTH AND
FITNESS
MASG900 01 MASSAGE THERAPY ESSENTIALS I 6:00pm-9:00pm Thurs 10May 10 wks $465
MASSAGE THERAPY ESSENTIALS
MASG901 01 II 16:00pmn-9:00pm Mon 7-May 10wks $620
HLTH800 01 GROUP FITNESS INSTRUCTOR I 6:00pm-9m00pm Wed 9-May 10 wks $400
MANAGEMENT
MGMT900 01 HUMAN RESOURCE MGMT I 6:00pm-9:30pm Thurs 10May 9wks $250
MGMT901 01 HUMAN RESOURCE MGMT II 6:00pm-9:30pm Mon 7-May 9wks $300
SEWING
SEW 800 01 BASIC FREEHAND CUTTING I 6:00pm-9:00pm Mon 7-May 10 wks $225
SEW 802 01 BASIC FREEHAND CUTTING II 6:00pm-9:00pm Thure 10May 10wks $250
SEW805 01 DRAPERY MAKING I 6:00pm-9:00pm Tues 8-May 10wks $225
ENQUIRIES: Contact the Co-ordinator at Tel: (242) 325-5714 (242) 328-0093/328-1936/302-4300 ext
5202 or email: persdev@cob.edu.bs
All fees are included with the exception of the application fee of $40.00 (one time).
CEES reserves the right to change Tuition, Fees, Course Content, Course Schedule and Course materials.
...................................................................:............................................................................ .............. ,.................................

CENTRE FOR CONTINUING EDUCATION AND
EXTENSION SERVICES

Computer Offerings Summer 2007

COMPUTER APPLICATIONS I


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This courseia .hiAalinuar who knows very little about computers
and does not understand how it works. This course covers the major
-.,oB ~tJ c ) cepts M tpuiivp h1n4s on.practiLe of various software using:
(' m crosofOffice '- Word Processing(ii) Microsoft Excel Spreadsheet (iii)
Microsoft Access Database Management.


None
Monday, 7'" May 2007
Saturday, 5"' May 2007
9 weeks
CEES Computer Lab
$450.00


6:00pm 9:30pm Section 01 (CEES)
10:00am 1:30pmSection 02 (CEES)


COMPUTER APPLICATIONS II
Course Description: This course covers the major advanced concepts with extensive hands on practice
of various software using: (I) Microsoft Office Word Processing (ii) Microsoft
Excel Spreadsheet (iii) Microsoft Access Database Management.


Pre-requisite:
Begins:
Time:
Duration:
Venue:
Fees


Computer Applications I
Thursday, 10 May 2007
6:00pm 9:30pm
9 weeks
CEES Computer Lab
$550.00


EFFECTIVE POWERPOINT PRESENTATIONS
This workshop is designed to provide participants with an overview of the fundamentals of Microsoft
PowerPoint. It focuses on developing effective and dynamic PowerPoint presentations.


Pre-requisite:
Begins:
Time:
Duration:
Venue:
Fees:


None
Thursday, 31" May 2007
9:30am 4:30pm
1 day
CEES Computer Lab
$160.00


PC UPGRADE AND REPAIR


Course Description:


Pre-requisite:
Begins:
Time:
Duration:
Venue:
Fees:

QUICKBOOKS
(.'utsIe;. Description:



Pre-requisite:
Begins:
Time:
Duration:
Venue:
Fees:


This course is a hands-on introduction to technology systems for use in information
environments. The course will cover the following topics: Basic Hardware,
Operating Systems, Troubleshooting and Repairs.
None
Monday 7th May 2007
6:00pm 8:00pm Monday & Wednesday
9 weeks
BHTC Computer Lab
$500.00


This course is designed to train new and existing small business entrepreneurs
(lewer thaii 20 employees) how to organize and manage their accounting
activities using QuickBooks Pro software. Students will learn how to set-up
their company files, chart of accounts, budget, customers, vendors and employees.
None
Tuesday, 8 May 2007
6:00pm 9:00pmr
6 weeks
CEES Computer Lab
$330.00


WEBPAGE DESIGN WORKSHOP


Course Description:



l'rc-Itequisite:
laocessin-
Begins:
Time:
Duration:
Venue:
IFees:


This course, which targets persons who would like to create their personal web
pages will cover Web page creation, Web site management, and HTML. Specific
topics will include Formatting, Graphics, Multimedia, Forms and Tables and
hosting of web pages.
I' ;iicip:mts nui-i be computer literate and have a basic knowledge of word-

Thursday, 14'" & 15th June 2007
9:30am 4:30pm
2 days
CEES Computer Lab
$550.00


ENQUIRIES: Contact the Co-coordinator at Tel: (242) 302-4300 ext 5201 5202 5205 or email
fees are included with the exception of the application fee of $40.00 (one time). When submitting
application, kindly provide copies of the first four pages of your passport. CEES reserves the right to
change Tuition, Fees, Course Content, Course Schedule and Course


EDUCATING & TRAINhNG BAHAMIANS


An International Conference
In Commemoration of the 200th Anniversary of the Abolition
of the Transatlantic Slave Trade

"Abolition of the Trans-Atlantic Slave Trade: Telling the Story"
The College of The Bahamas
February 2008
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, February 2008 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?


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
PO Box N4912
Nassau, Bahamas
E-mail: abolitionconf@cob.edu.bs

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 recommend early
booking to get the best rates. Names of recommended properties will be posted on the College
of The Bahamas website in short order.
Registration

wWdays: $150:00 Day-rate $100:00 "LateRegistration: $200.00 Student rate:
:,4-00 ,

Dates for receipt of abstract, papers, and registration will be announced shortly.

Registration will be online at http://www.cob.edu.bs/abolitionconf.php


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
President
Brag about your achievements
Ask your advice.


So COB Alumni, let's reconnect.

Call Alumni and Development today

,302-4355 or 6

or email O*

alumni acob.edu.bs

head(acob.edu.bs


Course Description:




Pre-requisite:
Begins:

Duration:
Venue:
Tuition:


-- - mB~IIFI~~~Pllr*~ACI'IFl~(l*~~~m71n~~l~l 1-







THE TRIBUNE


T- THE COLLEGE OF THE BAHAMAS
Visit our website at www.cob.edu.bs ED-UCANYGC &, TBAN"WGBAHAMIANS


Prospective Applicants




Master's Degree



Programme

in
Master of Science in Early
Childhood and Elementary
Teaching

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





in collaboration
with



WHEELOCK
C 0 L L F G [






Prospective Apploooicats




aster's Degree



the Graduate Programme










Michael Hartley Eldon Complex
Thompson Blvd Room 306


in collaboration
Switch

KERt STATES


MONDAY, MARCH 19, 2007, PAGE 9B


Governor


for ACH software


vendor is sought

* By NEIL HARTNELL
Tribune Business Editor
THE Clearing Banks Association
(CBA) will meet this week with the Cen-
tral Bank of the Bahamas governor,
Wendy Craigg, and one item on the agen-
da will be to obtain her approval for their
choice of software provider for the Auto-
mated Clearing House (ACH).
Paul McWeeney, Bank of the Bahamas
International's managing director and
head of the ACH working group, said the
CBA had "come to an agreement on the
recommendation" for the ACH software
provider in principle.
"However, it was felt that we should
have that confirmed at the next meeting
with the Governor, which is scheduled for
next week," Mr McWeeney told The Tri-
bune. "I don't expect any major hiccups."
Once the Governor's confirmation is
obtained, the CBA will move into "final
negotiations" with the chosen software
vendor. M PAUL McWEENEY


COMMONWEALTH OF THE BAHAMAS
IN THE SUPREME COURT
Equity Side


2006
CLEQUI000325


IN THE MATTER of all those pieces parcels or, lots of land
comprising Lots 73, 74 and 75 of the Gregory Town Crown Allotments
situate in the Island of Eleuthera one of the Islands of the Commonwealth of
The Bahamas.
AND
IN THE MATTER of The Quieting Titles Act 1959
AND
IN THE MATTER of The Petition of Bernard A. Kuttner


The Petition of BERNARD A. ;KUTtNER of Millburn, New Jersey one of
the Untied States of America and Gregory Town, Eleuthera one of the islands
of the Commonwealth of The Bahamas in respect of;-
ALL THOSE pieces parcels or lots of land comprising lots 73,
74 and 75 of the Gregory Town Crown Allotments and which said pieces,
parcels or lots of land are bounded as follows on the North West by Crown ,
Land and by the property of the Petitioner and running thereon One hundred and
Ninety-eight and seventy-nine hundreths (198.79) feet on the West North West
by the property of the Petitioner and running thereon One hundred and Eleven
and Thirty-two hundreths (111.32) feet on the North East by vacant land, by
Cave Street and Lot Number No.6 of the Gregory Town Crown Allotments
and running thereon One hundred and Seventy-eight and Sixty-two hundreths
(178.62) feet on the South East by the property of the Petitioner and running
thereon Three hundred (300) feet and on the South West by Crown Land and
running thereon One Hundred and Six and Seven hundreths (106.07) feet and
which said pieces parcels or lots of land are more particularly delineated and
shown on the plan filed in this matter and thereon coloured Pink.
Bernard A.Kuttner claims to be the owner in fee simple in possession of the
said land free from encumbrances and has made application to the Supreme
Court in the Commonwealth of Bahamas under. Section 3 The Quieting Titles
Act, 1959 to have his title to the said land investigated and the nature and extent
thereof determined and declared in a Certificate of Title to be granted by the
Court in accordance with provisions of the said Act.
A plan of the said land may be inspected during normal office hours in
the following places:
(a) The Registry of the Supreme Court in the said City of Nassau
(b) The Chambers of McKinney, Bancroft & Hughes, Mareva
House, 4 George Street in the City of Nassau, Attorneys for the
Petitioner; and
(c) The office of the Island Administrator at Govenor's Harbour
Eleuthera,
Notice is hereby given that any persons having dower or a right of dower or an
Adverse Claim or a claim not recognized in the Petition shall on or before the
14th day of May, 2007 file in the Supreme Court and serve on the Petitioner or
the undersigned a statement of his claim in the prescribed form, verified by an
Affidavit to be filed therewith. Failure of any such person to be file and serve a
statement of his claim on or before the said 14th day of May, 2007 will operate
as a bar to such claim.

Dated the 7th day of March, A.D. 2007.



McKINNEY, BANCROFT & HUGHES
Chambers
Mareva House
4 George Street
Nassau, Bahamas
Attorneys for the Plaintiff











THE TRIBUNE


PAGE 10B. MONDAY, MARCH 19, 2007


Consolidated hit by free water to CorporationI


FROM page 1B


& Exchange Commission
(SEC), BISX-listed Consoli-
dated Water said: "Our agree-
ment with the Water & Sewer-
age Corporation for the Blue
Hills plant contains a non-rev-
enue water (NRW) component
that requires us to reduce the
amount of water lost by the
public water distribution system
on New Providence Island over
a one-year period by 438 mil-
lion US gallons.
"Until such time as we can
demonstrate to the WSC that
we have achieved this reduc-
tion, we are required to provide




I NSIGH

For the0 stories

beid h nw
-eaInih


1.2 million US gallons of water
per day to the WSC from the
Blue Hills plant at no cost to
the WSC.
"The costs associated with
providing this free water to
WSC are significant to overall
plant operating costs, and great-
ly reduced the overall gross
margin on total water sales from
the Blue Hills plant during the
fourth quarter of 2006. The lack
of gross margin on these sales
made by the Blue Hills facility is
attributable to higher opera-
tional costs related to plant
start-up and our current obliga-
tions with respect to the NRW
reduction component of the
Blue Hills contract.
"We are taking aggressive
actions to address these start-
up issues and to complete,the
NRW project in order to reduce
operating costs and improve the
profitability of the Blue Hills
operation. However, the gross
profit of our bulk water seg-
ment in future periods may con-
tinue to be adversely affected
by the results for our Blue Hills
plant."
The company added that it
expected to meet the NRW
requirement and prove this to
the WSC in'the 2007 third quar-


NOTICE
NOTICE is hereby given that ANNASTACIA FENELON OF
MARSH HARBOUR, BAHAMAS, is applying to the Minister
responsible for Nationality and Citizenship, for
registration7naturalization 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 19TH day of MARCH, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-7147,
Nassau, Bahamas.




N1 OFFICE SPACE FOR ,LAS
















Legal Notice
NOTICE


KEAN COURT LTD.

(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 15th day of
March 2007. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.






ARGOSA CORP. INC.
(Liquidator)










For an expanding Freeport Auto Dealership.

Successful applicant must have a thorough
understanding of computerized inventory
systems and must be willing to supervise
and train others. Knowledge of Japanese
and Korean parts is a must along with
proven dealership experience.

Attractive and competitive remuneration
package available to successful applicant.

Please apply in writing to:
PARTS
P.O. Box F-41060
Freenort, Grand Bahama


ter.
The Blue Hills plant has not
been without its problems. Con-
solidated Water also noted that
a Statement of Claim had been
filed against it in the Supreme
Court by Gruppozecca
Bahamas Ltd, seeking damages
of more than $950,000 for
alleged "breaches of obligation"
to it over the Blue Hills plant's
construction.
Consolidated Water said the
claims made against its Bahami-
an subsidiary were "without
merit", and would be "vigor-
ously defended".
Consolidated Water said its
full-year. bulk water sales rose
by $6.579 million or 56 per cent
to $18.303 million, largely as a
result of the 7.2 million gallons
per day Blue Hills plant coming
on line and expanded produc-
tion capacity at its other New
Providence-based plant, Wind-
sor. Sales at the latter plant
increased by $610,119 over 2005
figures, and it also benefited
from reduced production penal-
ties.
Those penalties at the Wind-
sor plant, whose production
capacity is 3.1 million gallons
per day, had fallen to $367,357
in 2006, having hit a high of
$571,349 in 2005.
Consolidated Water said in
its form 10-K; "Over the past


three years, we have e
enced various equipment
ures and operational pr
which caused us to incur
ties for not supplying min
water volumes to the WS
also incurred penalties i
meeting diesel fuel and
tricity efficiencies speci
our water sale agreemei
the WSC.
"These penalties to
$367,257, $571,349,
$313,408 in 2006, 200
2004, respectively. We
undertaken a program
replace certain equip
prone to repetitive failu
to reduce the fouling tei
of the feed water to the
The contract for the WV
plant with the WSC -las
March 2013 or when it h
plied 13.1 billion gall
water, whichever happe
lier.
Consolidated Water
"From time to time since
ber 2004, we have been
to deliver the minimum
volumes required und
contract because of mecl
equipment problems and
brane fouling. As a rest
have been subject to wat
decreases that decrease
enue by approxin
$400,000, $600,000 and $3
in 2006, 2005 and 2004,


Legal Notice .A.o
NOTICE


OPAH LIMITED

(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 15th day of
March 2007. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.






ARGOSA CORP. INC.
(Liquidator)



LEGAL NOTICE



NOTICE


ACQUA WELLINGTON
OPPORTUNITY I LIMITED


Pursuant to the Provisions of Section 138 (8) of the International
Business Companies Act 2000 notice is hereby given that the
above-named Company has been dissolved and struck off the
Register pursuant to a Certificate of Dissolution issued by the
Registrar General on the 20th day of February, 2007.

Lynden Maycock
Liquidator
of
ACQUA WELLINGTON OPPORTUNITY I LIMITED


-xperi- tively.
nt fail- "We have implemented an
oblems extensive programme to test
penal- and understand the cause of the
nimum membrane fouling, and have
SC. We expanded the production capac-
for not' ity of the Windsor plant in order
d elec- to replace the production capac-
fied in ity that was lost because of
nt with membrane fouling.
"At present, we believe we
tailedd have resolved the. membrane
and fouling problem at the Wind-
5, and sor plant. However, membrane
e have fouling may reoccur at the
ime to Windsor plant, and if we are
pment unable to meet the production
ire arid minimums due to this or other
ndency operating issues, we could be in
plant." technical default of the Windsor
Vindsor supply contract and subject to
ts until -.various adverse consequences,
as sup- including further water rate
ons of decreases or cancellation of the
ns ear- contract by the WSC."
Announcing the company's
r said: results, Rick MacTaggart, its
e Octo- president and chief executive,
unable said that "additional capacity
i water and operational efficiencies" at
er the the Windsor plant during 2006
hanical helped drive sales and revenues
I mem- in a year when the company
ult, we made a record profit of $7.521
:er rate million or $0.59 per share,' a 36
ed rev- per cent increase over 2005.
lately He indicated that Consoli-
300,000 dated Water was also prepar-
respec- ing to, bid on the request for
proposal (RFP) tender put out
by the Government for the
Winton.reverse osmosis plant,
which will be capable of pro-
ducing two million gallons per
day once constructed. There
LEY was no mention, though, of
ister what has happened to the con-
tion/ tract for the Perpall Tract
any reverse. osmosis plant, which
atfon -appears to- have disappeared
;ned into a black hole since going out
19th to bid some two to three years
lality ago.
nas. Consolidated Water had bid
on this, but The Tribune had
'been told that the WSC and its
technical advisers, Camp, Dress-
Ser & McKee, had recommend-


ed a rival bid by a consortium
featuring Veolia Enerserve and
Bahamas-based BK Water and
Sable (Bahamas). The last that
was known was the contract
award still had to be debated"
and voted on by Cabinet.
As a result of the Blue Hills
plant's construction, Consoli-
dated Water's sales to the WSC
doubled, increasing from $4.595'
million in 2005 to $9.912 mil-
lion in 2006, and accounting for
26 per cent of the company's u
total revenues, up from 18 per
cent the previous year. It sup-
plied the WSC with 2.3 billion
gallons of water in 2006, com-,
pared to 853 million gallons the
year before.
Consolidated Water, which N
operates in the Bahamas '
through Consolidated Water
(Bahamas), its almost 91 per
cent owned subsidiary, also sup-
plied six million gallons of water,
to the Bimini Sands Resort and
Bimini Beach Hotel through its
Bimini-based operating plant,"
a 20 per cent increase on the
previous year's five million. The
plant is capable of providing
115,000 gallons of potable waters
per day.
Consolidated Water said
interest expense rose to $1.887
million in 2006, compared to
the $885,628 incurred the pre-
vious year, as a result of bor-
rowings to complete the Blue
Hills plant. Some $21.8 million
was used during 2006 to finance
the Blue Hills plant's construc-
tion.
Consolidated Water said it
expected to arrange the'
issuance of a $4 million perfor-
mance bond for the Blue Hills -
operation "some time in 2007", ,."
but its Bahamian subsidiary "'
"was not in compliance with the
liabilities to tangible net worth
covenant" of its new $5.6 mil-
lion credit facility with the Roy-
al Bank of Canada at year-end"
2006. The term loans under this
facility had been paid at March
2007.


Representatives from the
Canadian High Commission,
Visa and Public Affairs Sections
will be at the

Canadian Consulate in Nassau,
9am to llam, Thursday, March 22, 2007
To promote study in Canada.




Legal Notice
NOTICE


COLVILLE LIMITED

(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced' on the 15th day of
March 2007. The Liquidator is Argosa Corp. Inc., P.O.
Box N-7757 Nassau, Bahamas.






ARGOSA CORP. INC.
(Liquidator)






TWO (2) PIPER AZTECS 5 Seater Aircrafts


Owner asking $220,000 (ONO) for both Aircrafts as is.
The Aircrafts can be viewed at
Executive Flight Support, Nassau Bahamas
For further information or inspection call (242) 377-1256.


NOTICE

NOTICE is hereby given that TRACY ANN BLAIR COAK
OF NASSAU, BAHAMAS is applying to the Min
responsible for Nationality and Citizenship, for registra
naturalization as a citizen of The Bahamas, and that
person who knows any reason why registration/ naturalize
should not be granted, should send a written and sig
statement of the facts within twenty-eight days from the
day of March, 2007 to the Minister responsible for Nation
and Citizenship, P.O.Box N- 7147, Nassau, Bahar


I


, ,B.. ...N. .. .. .













iHE TRIBUNE


MONDAY, MARCH 19, 2007, PAGE 11B."


u v V.,11 involI
Grand Bh ama lxi IFUniR o [&'Ir [O*I hNo.JICIo1wnUllSEhIL] Y&I


FROM page 1B


opposition politicians, with
some referring to it as a "Crown
Land fire sale" and fearing that
another large chunk of Bahami-
an land was being 'given away'
to foreign resort developers,
and that this nation's citizens
would receive no benefits and
be squeezed out.
Mr Farino's comments indi-
cate these claims are incorrect,
and back up what The Tribune
first reported that Infinity
Partners had 'jumped the gun'
in spectacular style, causing
problems for the Government
and all involved with the Beka
project, not to mention consid-
erable embarrassment.
From the developers' point
of view, the statements in that
document are either incorrect,
exaggerated, or involve naming
potential resort and other part-
ners in terms that indicate a


deal with them has been com-
pleted. It is understood that
while preliminary talks and dis-
cussions may have been held
with a number of them. no deal
has been done \\ith a single
company named in the Infinity
Partners document, as every-
thing would hinge on Beka
Development first signing a
Heads of Agreement with the
Bahamian government.
For instance, the Infinity
Partners document said there
was a potential tie-up with Mar-
garitaville for a Margaritaville
Hotel and Casino. While
exploratory talks. have taken
place with Beka, no agreement
has been reached, and Margar-
itaville is understood to have
been talking to a number of
other developers eyeing the
Bahamas, including the pro-
posed 2,000-acre Morgan Stan-
ley project in Freeport.
In some areas, though, the
Infinity document was righil,
naming Foxwoods as the potcn-


tial casino operator. Foxwoods
executives, together with Mr
Farino, Harcourt represenla-
tives and Driftwood
(Frcporlt's) head, Donald
Archeril all recently toured the
casino at the still-closed Royal
Oasis resort, the Government
having asked Foxwoods to look
at becoming involved in
attempts to purchase and re-
open the resort that has been
closed since September 2004.
There have been talks
between Harcourt and Beka on
the Royal Oasis and how the
two could work together on fur-
ther developments in Grand
Bahama.
In addition, Beka is also
undcistood to be keen on dis-
cussing with the Government
opening the air strip at the
Bahamas Film Studios (the for-
mer I IS Air Force Missile Base)
fi'( use by its proposed project.
'I liThe Governilmlntl owns the
H-ind.
However, thle developer is


not interested in the harbour
currently used by South Riding
Point Holdings, for which the
latter holds a lease from the
Government for another almost
13 years, until December 31.
2019.
Jaime Vargas, South Riding
Point Holdings vice-president
of operations, previously told
The Tribune that the Infinity
Partners document had caused
the company considerable dis-
quiet, wondering whether it
would still have use of the har-
bour for the long-term.
South Riding Point Holdings
is understood to be mulling a
$16 million expansion of its
facility, adding two storage
tanks, but these plans are being
held up because the Govern-
ment has so far been reluctant
to enter into talks with the com-
pany over a lease extension.
One area where Infinity Part-
ners got it right was in naming
EDAW and East Bay Group as
the master planners and envi-


Ex-AIBT chair advising group eyeing Film Studios


FROM page 1B


er a group of investors to buy
the Film Studios from Ross
Fuller [chairman of selling com-
pany, Ashby Corporation].
"We thought that that oppor-
tunity had gone, and it now
seems there might be an oppor-
tunity back. We hope Ross will
actively consider any offer we
make."
Mr Fuller and Ashby Corpo-
ration confirmed that they were
seeking new offers for the
Bahamas Film Studios after
they were unable to agree terms
for an extension to the March
15 deadline for Bahamas
FilmInvest, a group put togeth-
er by Owen Bethel, head of the
Nassau-based financial services
provider, the Montaque Group,
to close its purchase. That dead-
line had already been extend-
ed once from the original Feb-
ruary 28, 2007, closing date.
Apart from Mr Law's group,
there are other parties interest-
ed in the Bahamas Film Stu-
dios. It is understood that while
waiting on Mr Bethel's offer to
complete, Mr Fuller was in talks
with a group headed by a Mia-
mi-based construction magnate,
although The Tribune has been
unable to learn his name.
In addition, another poten-
tial player is the Bahamian film-
maker Cedric Scott, who is
based in Los Angeles. Like Mr
Law and his investors, Mr Scott
is understood to have been
watching and waiting on the
sidelines to see if Mr Bethel's
group was successful. He and a
group also previously looked at
the Bahamas Film Studios, but
were understood to have
backed off after doing some due
diligence work.
In an e-mailed reply to The
Tribune's questions, Mr Fuller
did not rule out the possibility
of accepting another bid from
Bahamas FilmInvest, saying
that if Mr Bethel's group came
back "with another, viable offer,
anything is possible".
Although declining to name
or discuss any other potential
buyers, Mr Fuller said there


were "multiple groups with a
continued interest in investing".
He added: "We are not
searching for a buyer, we are
simply entertaining additional
offers at this juncture. We hope
to see the entire matter settled
in a matter of weeks, and move
ahead with the project as
planned."
Mr Fuller said FirstCaribbean
International Bank (Bahamas)
and United Insurance, the guar-
antor for the $9.95 million con-
struction loan that the former
had made to the Bahamas Film
Studios, had reached an agree-
ment where the latter would
pay the Studios' debt to the
bank.
Out of the $14 million pur-
chase price that Ashby Corpo-
ration was due to receive, some
$9.95 million will now have to
go back to United Insurance
company, rather than the bank,
while a further $1 million will be
used to pay off the Bahamas
'Film Studios' debts to other
Grand Bahama-based and
Bahamian suppliers.
One Grand Bahama-based
business source told The Tri-
bune that the collapse of the
deal involving Bahamas Filrnln-
vest would further delay the
repayment of debts owed to
Bahamian businesses, some-
thing they were not too pleased
about.
"There are quite a few local
suppliers who are owed money
by the Studios outfit. We're all
sitting around waiting, and this
will delay further the honour-
ing of debts incurred with local
suppliers and businesses," the


source said.
'I here is virtually no activity
taking place at the Bahamas
Film Studios site in eastern
Grand Bahama, which is the
former US Air Force Missile
Base. It is understood that the
location is just being manned
by security personnel, a far cry
from the Pirates of the
Caribbean filming days.
Disney and its Bahamas-
based production company,
Second Mate Productions, shot
the films at the Studios. How-
ever, Mr Fuller is blaming Dis-
ney for allegedly leaving $1 mil-
lion in unpaid bills behind it, an
allegation the company is
known to be disputing.
In his e-mailed replies to The
Tribune, he hinted this was a
kev factor behind the Bahamas
Film Studios running up such
massive debts without explain-
ing how and saying that Ash-
by was "working with our cred-
itors and d.:Iling.kiti h bi.,.11.'
as we L.in'
AIS I]t h t 'i s ..t in li.i -,
the situation told The I tribune:
"I sure hope the Bahamas Film
Studios finds a buyer. It would
be a huge shot in the arm for
us, and diversify us away from
the golf course and hotel mod-
el."
He suggested that the Gov-
ernment should have taken a
more proactive role in dealing
with the Bahamas Film Studios
situation, especially as it was
the landlord and owned the real
estate on which the project was
sitting.
However, the Studios' sale
has been complicated by the


Wel stblsh d p-6h,,,e ta*iv


This ideal candidate will report to the General Manager. Provides accurate project cost
forecast by assessing actual cost incurred and physical progress achieved for all phases
of a project (Engineering, Procurement, Fabrication, Construction, and Commissioning).

Duties and Responsibilities:
* Provide efficiency control by comparing actual and planned man-hours
* Set-up and maintain jobs (i.e. structure and budget in ERP system)
* Support Project Managers by collecting all relevant progress and cost data fromrn
Engineering, Procurement, Fabrication, Construction, and Accounting
* Consolidate data in Project Cost Report for Project Manager's review and approval
* Prepare project cash flow
* Support Project Manager in change order manager
* Support Project Manager in contingency management

Qualifications:
Bachelors Degree in Accounting or similar field or equivalent combination of education
and experience. Minimum Five (5) years experience in cost accounting and/or project
accounting, budgeting/forecasting. Or, alternatively ten (10) years experience in project
management. At least Five (5) years of SAGE/Timberline experience is a must.
Intermediate level skills with Microsoft Office Software, acWcouniting. cost control
procedures, analytical and problemsolving skills. eflective coIinunication skills both
verbally and in writing, and the ability to plan and mninaiceC nultiple lasks/projects.
Physical Demands and Work Environment to be reviewed.


Please respond by entail to:
Fax:


Mail:


jobs@marmatglobal.com
242-363-1279

MARMAT
Attn: Office Manager
P.O. Box CR-56766
Nassau, Bahamas


number of lawsuits filed against
it, and the need to settle a vari-
ety of debts.
Mr Fuller took control after
two of the project's three
founders, Hans Schutte and
Michael Collyer, passed away.
The surviving partner, Paul
Quigley, is no longer with the
Bahamas Film Studios, as is
understood to be mounting a
$1.7 million legal action over
the way in which his involve-
ment was ended.
When asked about this, Mr
Fuller said in a cutting reply
that he had no knowledge of
the lawsuit "and cannot imagine
how an ex-employee with no
investment in the company
would......... file such a frivo-
lous lawsuit.
"We also believe that Mr
Quigley is an intelligent indi-
vidual who has moved on with
his life.... One that will not
include the Bahamas Film Stu-
dios." .
The original business plan for
the Film Studios called for the,',
construction of sound stages
and other TV and film produc-
tion facilities, followed by a
movie theme park, hotel and
other real estate components.
Mr Bethel's group estimated
that an $80-$90 million invest-
ment would be needed to
realise this vision, and that the
Film Studios could employ
between 700-1200 fixed staff
when in use.


ronmental impact assessment
(EIA) groups for the develop-
ment respectively.
"The Government has
requested an environmental
impact assessment, and in order
to do so we have decided to
photograph from the air a 10
by 10 mile area," Mr Farino told
The Tribune.
"This includes photograph-
ing from the north to the south
side of the island, so our pro-
ject will not have a negative
impact on the surrounding envi-
ronment, and so everything can
be properly planned."
Mr Farino, who at one point
was the point man in seeking
to bring Marriott to do a time-


share resort project at Discov-
ery Bay, and is also involved
with the Taino Beach Resort,:
said Beka had discussed "build-'
ing community facilities" such-
as schools, community build-I
ings, fire and police station,;,,
low cost housing and othcr.
amenities that would "benefit,
the East End of Grand;,
Bahama".
"We would hope to use pur-.
chased or leased Government
land for this purpose, but no
agreement has been reached at :
this time because there seems
to be opposition to the use of
any government land, even for,.
community purposes," Mr Fari-,-,
no said.


POSITION VACANCY
MANUFACTURING PLANT OPERATIONS MANAGER


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:

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

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


Person
*
*
*
*
0
*
*
*


lal:
Re


'sults 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. ,.r\ow ingi international company. please
mail or entail 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.roHlep"onsibah"ml's con


M& E Limited



As a privately-owned, mid-sized Bahamian
Company and the authorized Caterpillar dealer
in the Bahamas, we are seeking a Financial
Rental Coordinator. The candidate should
have a Bachelor's Degree in Accounting.
He/She should be knowledgeable in the field
of Marine Engineering and Inventory Control.
The candidate should be able to develop
inventory systems for rental equipment, be
able to implement a system for service
inventory for rental machines, create a
maintenance program for company's rental
fleet, and monitor inventory system levels
among technicians. The candidate should also
have some knowledge about purchasing parts,
inventory, and motors, and be able to.
coordinate the delivery of these parts, motors
and equipment. This person should be a
professional who thrives on the challenge of
developing outstanding customer relations and
service excellence.

Having both academic and practical
backigrounin the field f, Accounting/Inventory ,
Control is'an as.et4

Send complete resume with education and work -
experience to M & E Limited, R O0. Box N-3238, ;
Nassau Bahamas, Attention: Human Resources
Department, or email me@me-ltd.com.

Only persons being interviewed for this position
will be contacted.


U-~-- .tL)r'' 2:l-sr~p;ai ~ R5_


BUSINESS


hae~slPaJxa~wci~BI~mw~rma~d~urew


i


~J~'P.~~.?~: iT .r J, !.;.lr ..- ,.-..;~.~.~E ..;:' i -~1 .~ I.~.~ :I;'i..l.'. .I;.*iC.~:.rillbjl~ET~L~L~L~L~L~L~L~L~L


















Baha Mar to soon turn down requests for retirement


FROM page 1B



only the latter which will be
demolished to make way for the
$2.4 billion revamp, along with
several towers at the Wyndham.


Separate and distinct from
this is the Baha Mar project,
which involves the construction
of a 1,000-room hotel and casi-
no branded by Harrah's Cae-
sar's Entertainment, plus hotels
branded by Starwood's St Reg-
is, W and Westin brands. A con-
vention centre is also planned.


ENRBC

FINCO


NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

ALL' THAT piece parcel or lot of land being Lot Bomar Condominium
Westward Villas, situated in the Western District on the Island of New
Providence one of the islands of the Commonwealth of The Bahamas.
Situated thereon is a Single Family Residence consisting of 3 Bedrooms.
2 1/2 Bathrooms.
Unit Size 450 sq ft

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All oilers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked "Tender 1549". All offers must be
received by the close of business 4:00 p.m., Friday 30th March 2007.



RBC
SFINCO

NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

"ALL THAT piece parcel or lot of land being Apt No.23, Wild Tamarind
Condo situated in the Western District on the Island of New Providence
one of the islands of the Commonwealth of The Bahamas. Situated
thereon is Condo consisting of (3) three Bedroortis, (2) two Bathrooms.

Unit Size 1,400 sq ft

This property is being sold under Power of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau. Bahamas and marked "Tender 2076". All offers must be
received by the close of business 4:00 p.m., Friday 30th March 2007.




110 1RBC
FINCO


NOTICE
RBC FINCO INVITES TENDERS
RUC FINCO invites tenders for the purchase of the following:
"ALL THAT" piece parcel or lot of land being Lot: Lot #143
Yellow Elder Gardens Subdivision, situated in the Western
District on the Island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated theron is a Single Family
Residence, consisting of 3 Bedrooms 1 Bathroom.

Property Size: 3,200 Sq Ft
Building Size: 873 Sq Ft

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writing in a sealed
envelope, addressed to the Manager, Royal Bank Collections
Centre. P.O. N-7549, Nassau Bahamas and marked "Tender
0878'". All offers must be received by the close of business
4:00 p.m., Friday 30th March. 2007.




RBC
FINCO


NOTICE
RBC FINCO INVITES TENDERS
RBC FINCO invites tenders for the purchase of the following:
"ALL THAT" piece parcel or lot of land being Lot: 500ft
west of Marigold Farm Road. and south of Hanna Road,
situated in the Southern District on the Island of New Providence
one of the islands of the Commonwealth of the Bahamas. Situated
theron is vacant land.

Property Size. 16.102 sq. ft.

This piopeity is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All oilers should be forwarded in witting in a sealed
enevelope, addressed to the Manager, Royal BIank Collections
Centre. PO. N-7549, Nassau Bahamas and marked "Tender
3147". Alt offers must be received by the close of business
4:00 p.m Friday 30th March, 2007


Yet the Government's failure
to conclude a supplemental
Heads of Agreement with Baha
Mar by March 1 has meant that
the developer has been unable
to seal the joint venture deal
with Harrah's and, secondly,
Starwood, which has a "me
too"clause in its contract.
This would enable Starwood
to walk away from the project if
Harrah's does, and the failure to
hit that March 15 deadline
means that there is increased
risk the latter will do so.
Although Harrah's has given
no indication yet that it will
exercise this option, every day
. that goes by without its deal or
the supplemental Heads of
Agreement with the Govern-
minent being finalised increases
this risk. This has effectively.
placed the Baha Mar project on
hold, forcing the developer to
hold back on issuing $50 mil-
lion in construction contracts


for the new Commercial Vil-
lage, plus the West Bay Street
re-routing and other plans.
If Harrah's were to withdraw,
it would effectively send the
Baha Mar project "back to the
drawing board".
In his letter to staff, Mr
Robinson said Baha Mar, which
has as its principal investors
Lyford Cay-based billionaires,
father-and-son Dikran and
Sarkis Izmirlian, remained
"committed to finalizing the
project and quickly beginning
construction once the agree-
ment is concluded.
."It is@Baha Mar's hope that
the Government will move to
successfully complete its nego-
tiations with Daha Mar so that
this project, which provides such
significant benefits to the
Bahanis, can commence.
"1 want to reassure all of you
. that we are continuing to rein-
vest a tremendous amount of


NOTICE
NOTICE is hereby given that TONEY CLAIDIUS GRIFFIN OF
EAST STREET OPPOSITE OOLE CORNER, P.O. BOX N1309,
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 19TH day of MARCH,
2007 to the Minister responsible for Nationality and Citizenship,
P.O.Box N-7147, Nassau, Bahamas.



RBC
FINCO

NOTICE

RBC FINCO INVITES TENDERS

* RBC FINCO invites tenders for the purchase of the following:

"ALL THAT piece parcel or lot of land being Lot #5, Lexington
Estates Subdivision situated in the Southernmyistrict on the Island of
New Providence one of the islands of the Commonwealth of The
Bahamas. Situated thereon is a Single Family Residence consisting
of 3 Bedrooms. 2 Bathrooms.
Property Size 7,410 sq ft
Building Size: 1,35034,

This property is being sold under lPwer of Sale contained in a Mortgage
to FINANCE CORPORATION OF BAHAMAS LIMITED.

All offers should be forwarded in writing in a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked "Tender 1911". All offers must be
received by the close of business 4:00 p.m., Friday 30th March 2007.




MROC
FINCO


NOTICE.
RBC FINCO INVITES TENDERS
RBC FINCO invites tenders for the purchase of the following:
"ALL THAT" piece parcel or lot of land being Lot #80,
Kennedy Subdivision situated in the Southern District on the
island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated thereon is a Single
residence, consisting of 3 Bedrooms I Bathroom.
*
Property Size: 3,600 Sq Ft
Building Size: 928 Sq Ft

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writing in a sealed
envelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked "Teader
.0726". All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.




RBC
FINCO


NOTICE
RBC FINCO INVITES TENDERS
RBC FINCO invites tenders for the purchase of the following:
"ALL THAT" piece parcel or lot of land being Lot #400,
Yellow Elder Gardens situated in the Western District on the
island of New Providence one of the islands of the
Coinmmionwealth.of the Bahamas. Situated thereon is a Multi
Family unit consisting of I 3 Bedrooms i Bathroom, and 3
Bedrooms 1 Bathroom.
Property Size: 3,200 Sq Ft
Building Size: 1.490 Sq Ft

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION 1OF RAIAMAS
LIMITED.

* All offers should be forwarded in writing in a sealed
enevelope, addressed to the Manager, Royal Bank Collections
Centre, P.O. N-7549, Nassau Bahamas and marked "Tender
1626". All offers must be received by the close of business
4:00 p.m., Friday 30th March, 2007.


capital and energy into trans-
forming the existing Cable
Beach Resorts properties into
world class resorts."
Mr Robinson said the "new-
ly-renovated portions" of the
Sheraton Cable Beach Resort,
the former Radisson, would
open soon, while the renova-
tions of two Wyndham towers
and suites would start in May.

Progranmme

The VSP programme, he
added, was in its fourth week,
and a "large number of appli-
cations had been submitted".
This would cause Baha Mar to
turn down a number of appli-
cations in certain areas.
The reasons for why the Gov-
ernment has been unable to
conclude an agreement with
Baha Mar are unclear, with the
developers themselves just as
baffled and mystified as the gen-
eral public, it seems. After all, it
is a project that has been touted
on numerous occasions by
Prime Minister Perry Christie,
and is seen as his lasting legacy


to the Bahamian people.
The collapse of the Harrah's
deal could deal the Prime Min-
ister a damaging blow, espe-
cially as it would come just
before a general election, and
having gone so far, many
observers feel it would be
almost impossible for the PLP
government not to reach a sup-
plemental Heads of Agreement
and get Baha Mar going.
One school of thought,
though, suggests that the Gov-
ernment's reluctance may be
due to the fact that Baha Mar is
seeking an increase in the
investment incentives in pro-
portion to the size of its invest-
mnent, which has risen from the
$1 billion contemplated in the
original Heads of Agreement
to $2.4 billion.
It is believed that the Gov-
ernment fears if it agrees to the
enhanced incentive package, it
could leave itself open to FNM
accusations that it has given too
much away and 'sold out
Bahamian land to foreign devel-
opers', something that could
also hurt its electoral prospects.


Legal Notice
NOTICE

IN THE ESTATE OF SERGIO DANGUILLECOURT
Late of Miami Dade Country, Florida, USA

NOTICE is hereby given that all persons having any claim or
demand against the above Estate are required to send the same
duly certified in writing to the undersigned on or before the 5th
day of June 2007 after which date the Executor will proceed to
distribute the assets having regard only to the claims of which
he shall then have notice.

AND NOTICE is hereby given that all persons indebted to the
said Estate are requested to make full settlement on or before
the date hereinbefore mentioned.

ALEXIOU, KNOWLES & CO.
P.O. Box N-4805
St. Andrew's Court, Frederick St. Steps
Nassau, Bahamas
Attorneys for the Executor Barry Brant





SITUATION VACANT


TRAINED AUTOMOTIVE

TECHNICIAN

experienced in American, Japanese
and Korean vehicles needed


Applicants must be familiar with automotive
computer analysis systems and preference will
be given to applicant with proven dealership
experience. References as proof of good work
relationships must be supplied.


Apply in person or in writing to:
Manager
QUALITY AUTO SALES
(FREEPORT) LTD.
Queens Highway
P.O. Box F-42405
Freeport, Grand Bahama





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Small Nassau based financial services company requires
self motivated and dynamic individual to lead its initiative
to promote tax and risk management structures for
successful small to medium sized businesses engaged in
ecommerce and international commerce with the specific
objective of exploiting synergies with captive insurance.

The successful applicant will have skills and experience
in the following areas:

1) payment platforms for businesses engaged in
ecommerce and international trading

2) risk management for the ownership of intellectual
property and for internet based operations

3) tax planning for ecommerce business and international
trading companies

4) knowledge of taxation and organization of captive
insurance companies

A relevant tertiary degree and professional qualification
is required along with a minimum of 10 years experience
in this area.

Applications to the Chief Operating Officer, -P.O. Box
SS-5382, Nassau, Bahamas.


PAGE 12B, MONDAY, MARCH 19, 2007


THE TRIBUNE


N













THE TRIBUNE


MONDAY, MARCH 19, 2007, PAGE 13B


Scotia launches private client






initiative first in Bahamas
AP iveir a


FROM page 1B




were not offering the same ser-
vices to high-net worth Bahami-
ans a residents that they
offer o international wealth
management clients had been
raised many times.
As a result, Scotiabank felt it
could develop "a niche in that
market, and have the first foot
in as well. We have quite a few
wealthy domestic clients, and
there's no reason why they
should not expect the same lev-
el of service"
The.Bahamas-based Scotia
Private Client Group will lever-
age their Canadian parent's
wealth management expertise,
plus that of Scotiatrust
(Bahamas), which has been
operating in this country since
1956, to offer services in the
areas of investment manage-


ment and advice, trusts and
estate planning, private bank-
ing services, and insurance.
The aim, Ms Bingham said,
of the focus on these four "pil-
lars" was to provide clients with
a seamless, comprehensive one-
stop solution to their wealth
management needs, drawing up
plans in conjunction with their
wishes.

Private

Previously, Scotiabank's pri-
vate banking centre had served
the private banking needs of
wealthy Bahamians and resi-
dents for the past three-and-a-
half years, but her group now
aimed to provide a full wealth
management menu.
She explained that the
Bahamas had been chosen for
the Private Client Group's
regional launch because apart
from its proximity to the US
and stability, it has "a more


gajor firm in the financial and

legal services industry

Invites applicants for its Abaco office for the function of:


Legal Secretary

*limum 4 years experience
I ledge of and ability to prepare legal documentation
*W'king knowledge of Microsoft Office
Good organizational skills
Ability to work independently
Salary commensurate with experience
* Attractive benefits



Reply in confidence to:
Fax (242) 394-8430 ,
Or emiln : glosbastian@hitmail.com




NOTICE


The partners of SYDBRI LEGAL SERVICES,
Constance A. Delancy and Angenette C. Pyfrom,
announce that effective 1"' March, 2007 their Chambers
will re-locate from 245 Baillou Hill Road to:-

Naomi House

No.19, 9th Terrace and West Court
'^ off Collins Avenue, Centreville
New Providence, The Bahamas.

Telephone: (242) 323 4824
(242) 325 1047/8

Fax: (242) 323 4827

^, Website: www.sydbri-legal.org














Are you retired or work night Shift only?
Do you want to make some extra Cash?
$200 $300 per week
Come Deliver for Domino's Pizza


If you are:-
* 18yrs. or older
* Have a Drivers License & good Driving record
* Have your own Vehicle


comprehensive legislative plat-
form" when it comes to private
wealth management than oth-
er countries in the Caribbean
and Latin America as a result of
having specialised in such ser-
vices for decades.
Ms Bingham said Scotiabank
also hoped the unit's launch in
the Bahamas could help the
Bahamas International Securi-
ties Exchange (BISX), leading
to the development of new
investment products and an
expansion of the capital mar-
kets.
"We hope that in conjunction
with us, we will see an increase
in BISX activities to assist in
providing products for our
clients," Ms Bingham said. "We
hope to see common ground for
growth for both of us in that
area.
"We can provide some invest-
ment opportunities there, and
hopefully the Government will
see this as an opportunity for
an expansion of BISX's role,
and the type of investment
products and opportunities they
can offer."
The Scotia Private Client
Group, which currently has an
eight-strong staff that the bank
soon hopes to expand to nine


members, including an invest-
ment broker, is also seeking to
leverage further exchange con-
trol liberalization as it is exe-
cuted by the Government and
the Central Bank of the
Bahamas.

Focusing

Ms Bingham said the private
client group was also focusing
on the domestic trust market,
having "seen an increase in
regards to inquiries" for that
product and other estate plan-
ning and asset protection tools.
She pointed out that Bahami-
ans were now far more educat-
ed and aware on global stock
market and investment oppor-
tunities, and wealth was also
changing hands through being
passed from one generation to
the next.
The Bahamas group is look-
ing to serve the affluent and
mass affluent, including all of
Bahamians, residents and inter-
national clients.
The Scotia Private Client
Group model will next be rolled
out to the Cayman Islands and
the Dominican Republic, then
Barbados, Jamaica, Trinidad &
Tobago, the British Virgin


NOTICE
NOTICE is hereby given that DUNBERRO OPNUNIE MC
NORTHERN DUNCOMBE OF #43 BURIAL GROUND
CORNER, NASSAU, BAHAMAS, is applying to the Minister
responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any persorn 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
19TH day of MARCH, 2007 to the Minister responsible for
Nationality and Citizenship, P.O.Box N-7147, Nassau, Bahamas.





ATTO

SERVICE VACANCY

Freeport automobile dealership is looking for
an energetic person to fill the position of









in our Service Department. Prospective
applicants should possess similar work
experience with some training in customer
management relations. Intermediate
computer skills are a must.


Please apply in writing to:
Service Advisor
P.O. Box F-41060
Freeport, Grand Bahama


-'I5


Pricing Information As Of:
Thursday, 15 March 2007
"~ BIc USED & TRAMEP SECURinIES VISIT WVWW.ie S
k.H" .;2,-L..A. - LL .euArINOE4:c.,eOsE T.783. cas CHlo,
52wk-Hi 52wk-Low Securit y Previous Close Today's Close


1.85
12.06
8.60
0.85
2.19
1.49
10.33
2.20
14.15
6.26
2.88
6.21
12.45
14.70
17.06
1.15
10.20
9.10
10.00
S...r.M-,l


0.54
10.40
6.90
0.70
1.26
1.12
9.00
1.67
9.38
4.22
2.40
5.54
10.70
10.90
10.40
0.50
7.10
8.52
10.00


0.75
11.25
8.60
0.85
2.19
1.26
10.33
2.10
14.15
5.13
2.46
5.94
12.45
14.70
17.06
0.50
7.24
9.05
10.00


riTi initai mirimmM^^


MAINTENANCE/HANDYMAN

WANTED

A leading retail company has an immediate opening
for a Maintenance/Handyman

BASIC REQUIREMENTS

1. Should have a basic working knowledge electrical,
plumbing and general carpentry repairs.
2. Must have a clean current Police Record
3. Must be a self-starter with drive and determination
4. Must be able to work with minimum supervision.
5. Previous experience not required but would be an
asset.

Persons meeting the above requirements should submit
their Resumes via fax to the address below.

The positions offer career opportunities with excellent
salary and benefits package.


THE OPERATIONS MANAGER
Fax: 328-5902





Assistant Manager
Position Available Immediately
At
Domino's Pizza

Qualifications:
You should have a High School Diploma
Past managerial experience
Certificate in Management is a plus
Must be available for day and night shifts,
including weekends
You should demonstrate strong communication,
leadership, motivational and people management
skills
You should have a valid driver's license
You must have a GREAT attitude towards
customer service!

Basic responsibility to include:
Maintain product, service and image standard
To assist in supervision of all phases of
production.
To maintain a high level of efficiency &
productivity in all areas of store operation


SFI A. L'


0.78
11.25
8.60
0.85
2.19
1.30
10.33
2.10
14.00
5.08
2.46
5.94
12.45
14.70
17.06
0.50
7.24
9.05
10.00


0.03
0.00
0.00
0.00
0.00
0.04
0.00
0.00
-0.15
-0.05
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00


1,200 -0.282
1.689
0.737
0.265
0.199
3,975 0.170
0.910
0.078
5,000 0.998
0.134
0.295
0.552
0.779
0.921
1.644
-0.434
0.532
0.588


0.000
0.400
0.260
0.020
0.060
0.0560
0.240
0.040
0.680
0.045
0.000
0.240
0.570
0.600
0.610
0.000
0.100
0.560


1.269 "0.795 7.9


N/M 0.00%
6.7 3.56%
11.7 3.02%
3.2 2.35%
11.0 2.74%
7.6 3.85%
11.4 2.32%
26.9 1.90%
14.0 4.86%
38.2 0.88%
8.3 0.00%
10.8 4.04%
15.7 4.58%
16.0 3.40%
10.4 2.99%
N/M 0.00%
13.6 1.38%
15.4 6.19%


14.30 12.25 Bahamas Supermarkets 14.60 16.60 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 0.840 NM 7.85%
0.54 0.20 RND Holdings 0 45 0.55 0.20 0.021 0.000 26.2 0.00%
43 C" Z8 0'' BD4B -1 1 .., "a,,':,1 4 i 01' 2 220 0000 194 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%
... ." . ,. BI X L U.t'dF-4a'. .
52wk-HI 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %
1.3312 1.1273 Collna Money Market Fund 1.331194'
3.0988 2.6662 Fidelity Bahamas G & I Fund 3.0988**
2.6254 2.3312 Collna MSI Preferred Fund 2.625419"
1.2246 1.1592 Colina Bond Fund 1.224635""
11.3945 10.0000 Fidelity Prime Income Fund 11 3945""*
BIS< A.L S.E-uE INDE I,; rC.,: j' = T :,-,'., f,1 p.r&.FT TErRMS oILD "ltI .,n-n d.ilandl a>de 52wk-HI Highest closing price In last 52 weeks Bid 5 Buying price of Collna and Fidelity
52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colinea and fidelity 9 March 2007
Previous Close Previous day's weighted price for daily volume Lent Price Last traded over-the-counter primo
Today's Close Current day's weighted price for daily volume Weekly Vol. Trading volume of the prior week 8 February 2007
Change Change In closing price from day to day EPS $ A company's reported earnings per share for tht last 12 nthe
Dally Vol. Number of total shares traded today NAV Net Asset Value "" 31 January 2007
DIV $ Dividends per share paid In the last 12 months N/M -Not Meaningful
PIE Closing price divided by the last 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 194 100 "" 2 Febomary 2007
S Feruary 2007
.'LL; COVI -" -- "I.


Please send r6sum6 on or before
October 2, 2006
Attention: Human Resource Department
P.O. Box SS-6704
Nassau, Bahamas
Or Fax 356-7855


Abaco Markets
Bahamas Property Fund
Bank of Bahamas
Benchmark
Bahamas Waste
Fidelity Bank
Cable Bahamas
Collna Holdings
Commonwealth Bank
Consolidated Water BDRs
Doctor Hospital
Famguard
Finco
FirstCaribbean
Focol
Freeport Concrete
ICD Utilities
J. S. Johnson
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PAGE 4B, ONDAY MARH 19,2007THEITIBUN


Investment Board pushes


Food industries


account for just eight


for two Budget initiatives per cent of Domestic
Investment proposals


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE Domestic Investment
Board has requested that the
Government approve two ini-
tiatives in its budget for 2007-
2008 that would assist Bahami-
ans in creating their own busi-
nesses.
Paul Major, the Board's con-
sultant, told a weekend busi-
ness seminar they would like to
see the Government make pro-
visions for training and the cre-
ation of business plans for
future entrepreneurs.
"We realise that a lot of peo-
ple going into business have
not had any introduction into
business, so we're putting in
the Budget if it can be
approved what you might call
introductory and intermediate
training for business, and prac-
tical training," he said.
"How to form and operate
your company, how to market
your company, how to do
proper accounting in your
company, very important


things. If you don't understand
them, you are like a black man
stumbling in the dark.
"So we are going to insist
that we put these things in
place where you get free of
charge training to give you an
introductory or intermediary
orientation in business.".
The second thing. Mr Major
said, was helping persons in
the creation of business plans.
"1 have seen business plans
that have cost as much as
$60,000-$70,0000. I have also
seen business plans that cost
as little as $500," he said.
"Truth be told, a lot of peo-
ple with good ideas don't have
$100 to invest in a business
plan, so you get a whole lot of
hand written notes that really
are not presentable to banks.
Even the Bahamas Develop-
ment Bank has processes, pro-'
cedures and analysis before
they can release either gov-
ernment, multi-lateral agency
or public funds.
"We have recommended
that weput aside at least $500
per project for persons to be
able to develop their business


* PAUL MAJOR


plans. The IDB has also set
aside grant funding to help in
this area."
Mr Major said that if these
items are passed, hopefully
Bahamians can begin to see
the funds become available to


them as soon as possible.
His comments came at a
small business seminar hosted
by Mark A Turnquest and
Associates, in collaboration
with the Small Business
Resource Centre.


Entrepreneurs told to specialise in sectors they know


* By CARA BRENNEN-BETHEL
Tribune Business Reporter
PERSONS interested in establishing their
own business need to enter a field they
have some knowledge, interest or ability
in, the chairman of the Bahamas Entrepre-
neurial Venture Fund, Jerome Gomez, said.
Speaking to attendees at a small busi-
ness seminar hosted by Mark A Turnquest
and Associates, and the Small Business
Resource Centre, at the weekend, Mr
Gomez said a lot of persons chose fields
they have no experience or knowledge in,
when there may be other areas they are
better suited for.
He explained that owning a business,


though extremely rewarding, was a huge
risk and challenge, something that is not
suited for every single individual.
"You have to look within yourself, to
determine if you are an entrepreneur or an
investor, because some people are not cut
out to become business owners," Mr
Gomez said,
He also highlighted the advantages of
partnering in business ventures.
"Most people want to go it alone, but it
may be a good idea to enter into a venture
with a partner." Already, he said $2.5 of
the first $3 million allocated to the fund
has been granted, and the fund is hopeful
that the budgeted annual $1 million will
continue with the new government in the


2007-2008 budget.
Mr Gomez said it was hoped that the
fund will eventually be entirely sustained by
the private sector, and reminded the public
that monies were not only available for
start-up companies, but for companies wish-
ing to expand as well.
He cautioned applicants to remember
that the process does take at least three
months, and warned thep, not to get dis-
couraged by that timeframe.
In addition, Mr Gomez pointed out the
Fund's Board liked applicants who were
willing "to bring something to the table to
show you believe in the venture". He said
that in addition to personal funds, this could
be another successful business.


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
MORE resources need to be
allocated to ensure that
Bahamians embrace entrepre-
neurial opportunities in agri-
culture, livestock and fisheries,
areas that remain virtually
untouched by persons request-
ing assistance from the Domes-
tic Investment Board (DIB), a
senior government official said.
According to Michael Halki-
tis, chairman of the Bahamas
Agricultural and Industrial Cor-
poration (BAIC), these indus-
tries combined to only account
for 8 per cent of the proposal
submitted to the DIB.
"Some of the proposals under
active consideration include
proposals for Andros, Crooked
Island, Eleuthera, Grand
Bahama, Inagua, Long Island,
Mayaguana and New Provi-
dence," he said.
These proposals could be cat-
egortisied into several sections,
including Agro Business, live-
. stock, fisheries, food textiles,
minerals, hotels and restaurants,
real estate and the 'other' cate-
gory.
Mr Halkitis pointed out that
the 'other' category accounted
for 43 per cent of the proposals
being viewed by the Domestic
Investment Board, while the
hotel and restaurants category
accounted for 26 per cent
Mr Halkitis noted that this
indicated a concentration in the
services and tourism-directed
industries of the economy.
"It is with interest that we
note and report that applica-
tions for agro business, livestock
and fisheries sadly only account
for a combined 8 per cent of the
proposals being studied by the
Domestic Investment Board,"
Mr Halkitis said. He added that
this was an indication that more
resources, investment incentives
and capital were needed to


encourage Bahamians to par-
ticipate in those areas.
Mr Halkitis said BAIC would
fully support this, particularly
as agriculture only accounted
for a 3 per cent share of the pro-
posals submitted to the Domes-
tic Investment Board.
The projects which were
approved in this area will be
highlighted throughout the
domestic investment month, he
added.
His comments came at the
opening of a small business
seminar hosted by Mark A
Turnquest and Associate Con-
panies, in collaboration with the
Small Business Resource Cen-
tre, held at the weekend.
Mr Halkitis explained thit
the DIB was created out of -a
need to help facilitate Bahami-
ans in starting and expanding
their businesses by providing a
one-stop shop and eliminating
as much red tape as possible.-
"The Bahamian entreprenetir
has to see and believe that they
can have an opportunity to ben-
efit from the massive amount
of investment pouring into the
country," he added. "So that is
what the domestic board is
about."
Mr Halkitis said there needed
to be a proactive approach in
identifying opportunities that
will become available two to
three years down the road, and
to begin to prepare Bahamians
now for those opportunities that
will be available when anchor
project are up and running.
Mr Halkitis also used the
opportunity to launch the
Domestic Investment Board's
new brochure, which '*he
described as a roadmap for
investors.
In addition to valuable con-
tact information for government
support offices, the brochure
also includes a timeline for get-
ting a project up and running,
plus relevant legislation an*d
concessions for Bahamian
investors.


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EXCELLENT JOB OPPORTUNITY

SENIOR ECONOMIST


The Public Utilities Commission (PUC) in its mandate to
regulate the telecommunications sector is seeking to strengthen
its capacity in regulatory economic analysis. The PUC is
seeking a suitably qualified economist with drive and ambition
to fill the position of SENIOR ECONOMIST. The successful
candidate will provide specialist advice on the economic and
financial performance on regulated utilities. The candidate will
also work as an integral part of a multidisciplinary team of
professionals to ensure effective oversight of the numerous
licensees in The Bahamas. The candidate will perform market
research and other economic studies relevant to the current and
future development of the telecommunications, electricity, and
water and sewerage sectors in The Bahamas.

Qualifications: -Bachelor's Degree in Economics or
Economics and Accounting;
-Master's Degree in Economics or Finance; and
-Minimum of five (5) years relevant experience

The PUC offers a very attractive benefits package and excellent
opportunities for further development including specialist
training via short courses and seminars in The Bahamas and
overseas. Starting salary will be commensurate with relevant
experience. Further information about the PUC can be obtained
from its website: www.PUCBAHAMAS.gov.bs.



Applications should be received by March 30, 2007.





Fax N. 24)33-28
E-mail: PU@Vucbahams~gv


Public U Etlte Commison


------~-------~~


PAGE 14B, MONDAY, MARCH 19, 2007


Si aba n k


THE TRIBUNE