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Permanent Link: http://ufdc.ufl.edu/UF00084249/02863
 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: 4/10/2007
 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_02863
System ID: UF00084249:02863

Full Text







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HIGH 82F
LOW 71F

L,0 MOSTLY
CLOUDY


The


Tribune


Volume: 103 No.114


TUESDAY, APRIL 10, 2007




To he


PRICE 750


KitL


edi


PLP election win


Party will claim 60% of votes
according to data collected
by government's international


campaign analy:
* By KARIN HERIG and
PAUL G TURNQUEST
Tribune Staff Reporters
AS IT stands now, the PLP is
predicted to win around 60 per
cent of votes in the upcoming
general election, according to
data collected by the governing
party's international campaign
analysts.
However, FNM representa-
tives yesterday stated that they
have been conducting extensive
polls themselves and that, based
on what they are hearing from
the people "on the ground", the
PLP's predictions are com-
pletely inaccurate and the oppo-
sition will in fact "win big"
come May 2.
The Tribune has learned that
the PLP has employed political
campaign experts from the US
and Canada to assist them in
gaining an accurate estimate of
how many of the 148,000 regis-
tered voters will choose to re-


office for the next five years.
According to polling exercis-
es conducted by the campaign
specialists, who reportedly con-
cluded their work aind left the
country last week, the PLP is
estimated to win some 60-61 per
cent of the electorate's votes -
barring any unforeseen occur-
rences.
This estimate would give the
PLP at least 24 seats in the
House of Assembly three few-
er seats than what the FNM
predicts it will be able to secure
in the election.
However, the American and
Canadian campaign specialists
allegedly warned the PLP that
any further scandals such as
the Anna Nicole Smith debacle
or the controversy over the
independence of the judiciary
- could lose them significant
support and give the FNM a
real chance of winning the gov-
ernment.
S .IF na 12


0 MOTORISTS on Milo Butler Highway pass
the scene of excavation work which has cut
into the landscape at the side of the road,
leaving a striking landmark.
(Photo: Felipe Major/Tribune staff) /


ee e governing party to Gunman opens George Smith decides not Ga rights
Voters' cards can fire on crowded group hits
Voters' cards can fire on crowded to run as an independent ot atcan for
be picked up today basketball court By BRENT DEAN influence anyone to vote against candidates to
M By BRENT DEAN a PLP nominee, even if there
STARTING today from 0am-9pm, Bahamians can pick up IAFTER months of specula- might be good reasons to do so. declare their
STARTING today from 10am-9pm, Bahamians can pick up i tion. George Smith, the former Further, it would be very diffi- at
their voters' cards from schools in their constituency. A GUNMAN opened fire onto run cult for me formally, or in any SX
F thei H ti t. t. a I Lthe tet n. h*n lidA.. (all through h th .is week) a crowded basketball court in PLP MP, has decided not to run cult for me formally, or in any sexma


or tle UUratlloll UL Itl, Lne Ol rate U IU1ay klll tlrOIUll oIno eaTVeoa,
the schools will serve as distribution centres for the parliamentary
registration department.
After that time; new arrangements will be announced.
In the Family Islands voters can get their cards from adminis-
trators' offices and special centres will be established for distribu-
tion in Grand Bahama.
Voters are urged to pick up their cards as soon as possible as the
general election is only three weeks away.
SEE PAGE FIVE for the full list of schools where voters' cards
can be picked up.


the Sunlight Village area over
the weekend, leaving three peo-
ple seriously wounded in
Princess Margaret Hospital.
SAccording to Chief Supt Glen
Miller, head of CDU. the inci-
dent occurred around 9.20pmr
on Saturday, when a white "Nis-
san-type" vehicle pulled up to
the court where a group was
assembled.
A male emerged from the
vehicle with a handgun and,
according to reports, suddenly
fired into the crowd, hitting and
seriously wounding three vic-
tims.
Reports indicate that .Janal
Rolle, 24, of Lifebuoy Street,
was shot in pelvic area. Ryan
Bonaby, 25, of Robinson Road,
was shot in the back, and
Rozsen Moxey, 32, of Gibbs
Corner, was shot in the right
shoulder.
Police suspect that a 9mm
semi-automatic pistol was used
in the shooting, as numerous
spent cartridges were scattered
across the scene.
SEE page 12


as an independent for the Exu-
ma constituency in the upcom-
ing election.
In a press release issued to
The Tribune, Mr Smith reaf-
firmed his commitment to the
PLP and its leader, Perry
Christie.
"In the final analysis, you
would recognize that it would
not be easy for George Smith to


other way, to oppose my chosen
party.
"Yes, I make it crystal clear
that this time, as in every other
election, I will campaign for the
return of the PLP to govern-
ment, in the hope that what is
wrong will be put right. I sup-
port the leadership of Perry
SEE page 12


Lawyer: judiciary independence issue still before
courts despite govt's withdrawing of appeal
* By ALISON LOWE
Tribune Staff Reporter
THE government "has not dodged the bullet" with regards to the
question of the independence of the judiciary by withdrawing its
appeal against the ruling made by Justice John Lyons, a lawyer said yes-
terday.
That appeal had asked the court to declare "whether or not the Jus-
tices of the Court of Appeal and the Justices of the Supreme Court are
independent" in light of Justice Lyons' statements.
Now there are plans afoot in Freeport to use a date with the Court
of Appeal to finally determine the veracity of Justice Lyons' ruling that
the judiciary's independence had been rendered compromised "as a
result of the government's repeated failure to appoint a commission
SEE page 12


* By ALEXANDRIO
MORLEY
Tribune Staff Reporter
ANY call for political candi-
dates to openly declare their
sexual orientation must be
viewed as an act of "terrorism"
by all forward thinking Bahami-
ans, according to the Rainbow
Alliance of the Bahamas.
In an exclusive interview
with The Tribune, RAB
spokesperson Erin Greene said:
"To reveal someone's sexual
orientation in this heterosexist
and homophobic social envi-
ronment is a violent act that
could not only lead to the
demise of her/his political
career, extreme psychological
and emotional trauma, but
could also result in physical vio-
lence and death."
Ms Greene's statement fol-
lowed a call for gay election
candidates to declare their sex-
uality.
On Tuesday, Clever Dun-
SEE page 12


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THE TRIBUNE


AP GE 2 TUESDAYAPRIL 10 07


Meltdown must stop before we




descend into state of anarchy


THE debate over the
independence of
Bahamian high court judges has
exploded again, and with a
vengeance.
There can hardly be a more
important issue since it is about
the rule of law and goes to the
very heart of our democratic
governance and the protection
S. of our rights as citizens.
The administration of Prime
Minister Perry Christie has
shown little regard for the con-
ventions which are so impor-
tant to the proper functioning of
our parliamentary democracy
and to its own proclaimed code
of ethics.
Mr Christie, who knows bet-
ter, has allowed some of his
ministers to violate the most
fundamental conventions and
rules of cabinet government
without even the mildest of rep-
rimands. These violations have
been pointed out repeatedly in
this column.
'The conventions were not
pulled out of a hat but
evolved over centuries of con-
flict, practice and experience.


To THE


POINT


To ignore them is to guaran-
tee that things will fall apart
and that confidence in the sys-
tem will be undermined, per-


haps for years to come.
More disturbingly, Mr
Christie and his colleagues have
sailed pretty close to the wind
when it comes to respecting the
rule of law. In some cases they
have ignored the law altogether.
The concept of the rule of law
predates the flowering of par-
liamentary democracy. Its expo-
sition by political philosophers
in the 16th and 17th century
contributed to the development
of various forms of western con-
stitutional democracy and the
separation of powers.
The rule of law means that
the state and all its constituted
authorities, departments and
agents must operate according
to laws that have been estab-
lished in the prescribed manner
and have been made known to
citizens.
It means that the rights of a
citizen must be clearly estab-
lished and cannot be arbitrarily
abridged by the state nor by
other citizens. It means that a
citizen must have access to inde-
pendent courts to protect his
rights from abuse by the state or
anybody else, and for the adju-


dication of disputes with other
citizens.

At the beginning of his
administration it
appeared that Mr Christie
would not tolerate the vicious
practice of victimisation which'
became a hallmark of the pre-
vious PLP government. But
now he seems to be encourag-
ing this nasty practice.
It would be for the public
good if members of the legal
fraternity would take action in
the courts on behalf of poor
B hamians who have been vic-
ticised. Government officials
aid the strangers who come to
do business in our country must
know that the humblest of our
citizens are protected by our
constitution and our laws.
Mr Christie himself, as Prime
Minister, has flouted the law
relating to the very operation
of our parliamentary system by
neglecting to cause the appoint-
ment of the Constituencies
Commission within the time
prescribed by the constitution.
He has made excuses for his


family guardian's calendar photo contest


a celebration of nature
14 winning entries will appear in Family Guardian's 2008 calendar.
Winning entries receive a gift certificate valued at $400 each.
Entry deadline is May 31, 2007


RULES
1 Family Guardian's Annual Calendar. Photo Contest is open to all photographers. The title for the company's 2008 calendar will be
"A CELEBRATION OF NATURE." Photographs may be of any subject (animate or inanimate) or a scene which is a striking example of nature as found in
The Bahama Islands. All photographs must be taken in The Bahamas.
2 DEADLINE FOR ENTRIES IS MAY 31, 2007.
3 All entries are to be delivered to Family Guardian's Corporate Centre, Village and Eastern Road Roundabout, Nassau, between 9:00am and 5:00pm
weekdays only. Envelopes should be marked "Calendar Contest."
4 All entries must be accompanied by an official entry form, available at any Family Guardian office or when published in the newspapers.
5 Only colour images in horizontal format will be considered. Images must be provided as 35mm film or digital images on CD. 35mm film can be positive
(slides) or colour negatives. Digital images must be of high quality (2700 x 2100 pixels or larger). Digital images showing any signs of photo manipulation,
resolution enhancement or compression will be rejected. To ensure the best colour reproduction, digital images should be supplied ia RAW, IFF or high quality JPEG
and in the original colour format the camera uses (LAB or RGB). All entries must be supplied with prints which will be used in the judging process.
(Note: prints submlited without 35mm'isfides or negatives or CD's will not be eligible). The photographer's name and photo subject should
be written on the reverse of the print. ,
8 6 Judging of entries will be based on beauty interest, composition, colour, originality and quality of photograph. Preference will be given to fauna photographed in its
natural state, rather than in captivity. The photographs selected will appear in Family Guardian's 2008 calendar. The decision oAe judges will be final.
7 All entries are submitted at the owner's risk. It is the company's intention to return all entries in their original condition However, Family Guardian
will assume no liability for any loss, damage or deterioration.
8 A gift certificate valued at $400 will be presented for each of the photographs selected. More than one entry from a single photographer may be selected.
Photographic credits will be given in the calendar. The number of entries per photographer Is limited to a maximum of 5 photos.
9 The winning photographs, along with all publication and reproduction rights attached thereto, become the property of Family Guardian and the company
reserves the right to use such in the future.
10 Employees of Family Guardian, its affiliated companies or family members are not eligible.
11 Previously published photos are not eligible.

imHiggs 2008 CALENDAR PHOTO CONTEST ENTRY FORM
IIm iyGuard an 's NA M E ..........................................................................................................................
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P.O. BOX ........................STREET ADDRESS. ....................... .....................
.S IG N A T U R E..................................................................................................................
DATE........................NUMBER OF PHOTOS ENTERED ...................(maximum of 5)
Iagreethat in the event thatone or more of my entered photographs is selectedas a winner inthe 2008 Family
I Guardian Calendar Photo Contest it wil become the property of Family Guardian Insurance Co. Ltd,, and
I assign to Family Guardian all rights pertaining to its use in any way whatsoever I also confirm that the
photons entered in this contest were taken in The Bahamas by the undersigned and have not been
previously published
Calendar contest, Family Guardian
Corporate Centre, Village & Eastern Road
Roundabout, Nassau, Bahamas INSURANC E
ENTRY DEADLINE: MAY31, 2007 C O M P A N Y

SALES OFFICES: NASELEUTHERA CORPORATE CENTRE: EAST BAY STREET NASSAU P.O. BOX SS 6232


dereliction, attempted to blame
the citizens for it, and has dis-
missed the clear intent of the
constitution by saying that it is
"directory" and not "mandato-
ry", and that no consequences
flow from his failure.
Ordinary citizens have been
made to believe that where the
constitution or any other law says

Now that the
appeal has been
withdrawn, the
public has no
alternative but to
conclude that
Justice Lyons was
right all along in
the statements he
has been making.

"shall" it means "shall". One
consequence of Mr Christie's fail-
ure is that that is now in doubt
and "shall" means that the
authority at whom it is directed
has discretion to do or not to do,
or to do when he feels like it.
Another consequence is that
this election has run danger-
ously close to the wire and only
a back-breaking effort by the
Parliamentary Commissioner
and his staff can avoid a lot of
confusion.
This is too much of a burden
to place on them. Mr Christie
should have appointed the Con-
stituencies Commission in the
time mandated by the constitu-
tion and he should have closed
the old Register of Voterssoon-
er to encourage citizens to reg-
ister earlier.

Another consequence
is that prospective
candidates have little time to
familiarise themselves with new
constituencies or ones that have
had boundary changes, and
some citizens do not yet know
what constituency they are in.
This is not good for the all-
important process of electing a
government.
Mr Christie knows all this, of
course. He advocated in his par-
ty's platform that no changes
should be made to constituency
boundaries within the six-month
period preceding a general elec-
tion.
But, either through negli-
gence, incompetence or sheer
disregard for the law or a com-
bination of all these, Mr Christie
has been hard-pressed to fulfil
his promise to call an election
no later than May 2.
So now he has been forced
to make the highly controversial
decision to launch the election
campaign officially in the mid-
dle of the most solemn period in
the Christian calendar.
Perhaps the most serious
assault on the rule of law by Mr
Christie and his colleagues was
their failure to appoint not
once but twice a commission
to review the salaries and pen-


sions of judges of the country's
high courts as mandated by law.
This precipitated an unseem-
ly public row between Attor-
ney General Allyson Maynard-
Gibson and Supreme Court Jus-
tice John Lyons over the inde-
pendence of the judiciary of
The Bahamas.

Perhaps the indepen-
dence of the judiciary
has not been totally destroyed
but no-one can credibly deny
that the failure of the PLP gov-
ernment to appoint the com-
mission was an assault on that
independence. That is a dan-
gerous thing, as Mr Lyons made
clear.
But instead of acknowledg-
ing its dereliction and initiating
consultation to find a way out,
the government engaged in a
running battle with Mr Lyons,
and the Attorney General
lodged an appeal against his rul-
ing.
Now that the appeal has been
withdrawn, the public has no
alternative but to conclude that
Justice Lyons was right all along
in the statements he has been
making.
One of the things the judge
had taken exception to was an
apparent attempt by the Attor-


Either through
negligence, incom-
petence or sheer
disregard for the
law or a combina-
tion of all these,
Mr Christie has
been hard-pressed
to fulfil his
promise to call an
election no later
than May 2.


ney General to grade the per-
formance of judges in pursuit
of her so-called "swift justice"
initiative.
In this, as in other matters,
the opposition FNM has
accused the PLP government
of a "smoke and mirrors"
approach to governance. The
government has failed to make
sure that there are enough
judges appointed while at the
same time mounting a "swift
justice" public relations exer-
cise.

I n the wake of the Attor-
ney General's withdraw-
al, Dame Joan Sawyer, Presi-
dent of the Court of Appeal,
has strongly supported Mr
Lyons and expressed disdain for
the idea that anyone but a judge
should presume to grade the
performance of judges.
Commenting on what Mr
Lyons had said about the inde-
pendence of the judiciary being
compromised, Dame Joan said
she had personal reason to
agree with the judge. Then she
made this stunning declaration:
"I have personal experience of
the Executive trying to manip-
ulate the Judiciary."
But the strongest words of
condemnation for the Attorney
General and the government
came last week from a promi-
nent member of The Bahamas
Bar, Damian Gomez. Mr
Gomez is a former candidate
for the PLP, a former PLP Sen-
ator and recent nominee to the
Supreme Court bench. He has
since declined the appointment.
Mr Gomez excoriated Mrs
Gibson on a radio talk show
and called not only for her res-
ignation from that office but
also her withdrawal from public
life. He said the appeal should
have gone forward so the whole
question could have been
cleared up once and for all.
"But for political reasons," Mr
Gpmez charged, "on the eve of
an election, they have adopted
an approach which is completely
cavalier to the interest of Bahami-
ans in their civil rights as guar-
anteed by the Bill of Rights."
Mr Gomez said the country is
in a serious quandary and that
the judiciary is in meltdown.
If that is true, and it looks
very much as if it is, then this
meltdown must be quickly
arrested before rampant law-
lessness overwhelms us and
before we slide into anarchy.


sirarthurfoulkes@hotma.icom
www.bahamapundit.com


family '


L-








TUESDAY, APRIL 10, 2007, PAGE 3


THF TRIRINE


- LOCAL NEWSlB


@In brief

Stern 'to
withdraw' if
DNA tests go
to Birkhead
IF DNA tests reveal that
Larry Birkhead is the father
of Anna Nicole Smith's
daughter Dannielynn,
Howard Stern will withdraw
from the custody battle, it
was claimed yesterday.
Mr Birkhead, who yester-
day bought a "Who's your
daddy?" T-shirt in Nassau as
he prepared for today's court
hearing, told Access Holly-
wood that Stern would with-
draw his custody claim.
While no agreement had
been reached on paper, Mr
Birkhead said Stern had indi-
cated he would back out if
th3 DNA test went against
him.
"We both want to do
what's best for Dannielynn,"
said Mr Birkhead, "Anytime
anyone says they're not
gonna fight you in this kind of
battle is music to my ears."
Mr Birkhead also told
Access that no deal was made
with Mr Stern. "There was
no exchange one thing for
another," he said. "It was just
two people wanting to do the
right thing."
Mr Birkhead said he hadn't
discussed continuing the fight
for J Howard Marshall's bil-
lion dollar estate on Dan-
nielynn's behalf.
"I haven't even thought
about it. I've had my plate
full. Other issues are at stake,
like where I'll reside with the
baby."
Mr Birkhead said he was
excited over the pending test
result, but also felt deep sad-
ness over Anna Nicole's
death.
"I haven't had time to
grieve and that hit me a little
bit," he said.
Though Anna Nicole fled
to the Bahamas to avoid Mr
Birkhead's paternity claims,
he believes she would
approve of his legal fight for
Dannielynn.
He said that behind the
public battle was an exchange
of e-mails. "I can hear her
saying 'good job, dummy',"
he told Access.
But he admitted raising
Dannielynn without Anna
would be difficult.

Shape
you"

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


TROPICAL


EXT'EIR NATORS


Fears of Anna





Nicole nurses


TWO Haitian nurses, one of
whom swore an affidavit
describing life inside Horizons,
where Anna Nicole Smith lived
until her death, claim they fear
for their lives.
"We are Haitian and you
know what that means," one of
them said on Bahamas televi-
sion over Easter. "People are
going to come after you."
Both women gave an inter-
view to Controversy TV on
Channel 12 because they said
they trusted show host Lincoln
Bain and wanted to defend
themselves. But they insisted
they should be shown on screen
only from the waist down.
During the show, they


Haitians 'afraid for their lives'


M ANNA Nicole Smith


M SHANE Gibson


described their feelings for when I saw Shane Gibson machine.
Anna Nicole and baby Dan- because I had heard something Nadine said: "I was told that
nielynn and gave an insight about Shane before. I told him some information was leaking
into life at Horizons after everything. I told him I was ille- from inside the house. I think
Daniel Smith's death last year. gal. He said if I got straight, I we were fired because we knew
Quethlie Alexis alleged that could not work for Anna." too much."
attorneys "added" some things Nadine said the Gibson fam- The nurses told Lincoln Bain
to her original affidavit, includ- ily were often at the house, but that they had agreed to appear
ing information about former she, never saw the minister's on television because they want-
Immigration Minister Shane wife, Jackie. However, Quethlic ed to defend themselves and
Gibson that she didn't say. But said she saw Jackie Gibson felt Controversy TV could "stop
she said that Mr Gibson, who three times. Apart from Shane, the victimisation."
admitted being a close friend of his mother and stepmother Both also claimed that Anna
the late reality starlet, visited the were the visitors she remem- Nicole wanted son Daniel
house often "but not every day." bered. buried in Texas, where he was
"I did not say that he sneaked Both women said they liked born. "Howard (Stern) told
around to the back entrance. Anna Nicole and she liked Anna that it would be too
Shane used to ring the bell. them. To one, she gave a pho- expensive to bury him in
Shane would come to the front tograph of herself with the Texas," said Quethlie.
entrance. He didn't sneak words: "To Nan Nan thanks "At that time, Anna did not
around. They said he used to for loving my child." have too much money. Then
come in an Explorer, but I can't Nadine said: "She wanted the she got money for the pictures
spell Explorer. I said he came in baby to call us Nan Nan. We of the baby. Anna had a money
a black car and sometimes a used to read the Bible to Anna. shortage."
Jeep." When she had pain after her Asked about allegations that
She and Ms Nadine Alexi son died, I used to read the Anna gave Shane Gibson a
said they worked at Horizons Bible to her. My sister used to Rolex watch, she said: "I don't
seven days a week without a read the Bible at night-time." know anything about her giv-
break for Anna Nicole when Both said Anna Nicole was ing him a Rolex watch."
their papers were "not straight" "a lovely person a very nice Asked it Anna gave him a gift
and they were both illegal immi- person to be around." But they or anything else, she said: "No
grants. were fired Quethlie because comment."
Ms Alexis said: "I was scared of a row over a washing SEE page eight for more

Record marijuana find in Andros


* By ALISON LOWE
Tribune Staff Reporter
THE largest field of marijuana
plants ever to be uncovered "in
the history of the Bahamas" was
found in Andros on Wednesday
in a joint operation between
Andros District and Drug
Enforcement Unit officers.
A police estimate put the value
of the drugs growing in the one-
and-a-half mile by 200 foot tract
at several millions of dollars.
In all, 1,060 plants each at
between three feet and six feet
tall were uprooted following
the find, which occurred short-
ly after 5pm.
The drug crop, the exact loca-
tion of which police refused to
identify, would likely have been
for both local consumption and
export purposes, police press
liaison officer Assistant Super-
intendent Walter Evans said.
No arrests have been made


in connection with the find,
however police did come across
two make-shift tents in the area.
Six additional bales of mari-
juana were also picked up.
In the 2007 US State Depart-
ment Report, it was noted that
authorities in the Bahamas
seized 10 times more marijuana
last year than in previous years.
This was attributed to a grow-
ing trend of Jamaican nation-
als cultivating drug crops in the
country.
Mr Evans said the possibility
that this field was an example of
such practices could not be
ruled out at this stage.
He said that Out Islands in
particular have been targeted
by would-be criminals for drug
cultivation purposes, often due
to their relative under-develop-
ment.
"We want to look at the
islands as a whole because the
islands are so large in terms of


the land mass and then when
you look at some areas there
seems to be underdevelopment
so would be criminals see this as
an opportunity to use those
areas because they believe that
perhaps in terms of the num-
ber of persons who would check
the probability of them getting
catch is very, very small," he
said.
Mr Evans said that due to the
maturity of the plants, it was
likely that this particular field
had been in place for "quite
some time."
Asked why such a large field
would have gone undetected
until now, Mr Evans said:
"Sometimes persons provide
information for us when they
see any irregularities or any
activities that may be taking
place in any of the islands they
pass it on to us and we will take
action."
* SEE page seven for more


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PAGE 4. TUESDAY, APRIL 10, 2007


I *A TEITOR


The Tribune Limited
NULLIUS ADDICTS JURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmias 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
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 1972-

Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager (242) 502-2352
Circulation Department (242) 502-2387
Nassau Fax: (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348


Crime is a community fight


IT SEEMS THAT no matter how hard the
police work the streets and government's
urban renewal projects are promoted, crime
continues to escalate. In the first three months
of this year there have been 23 murders.
Last week police press liaison officer, Assis-
tant Superintendent Walter Evans said that
this figure could increase as police are still
investigating deaths that are yet to be classi-
fied. If they are officially labelled homicides,
the murder count will rise.
Church leaders are now asked to develop
better working relations with police division-
al commanders to help reduce tensions in
their neigbourhoods, particularly among the
young.
Commissioner of Police Paul Farquharson,
guest on a radio show last month, said that the
number of murders for the first quarter of
this year have increased by 50 per cent com-
pared to the same period last year. The only
good note in this tragic situation is that police
have already solved 56 per cent of the mur-
ders. However, unless the community makes
up its mind to cooperate with the police, the
murder rate is predicted to exceed last year's
record of 60 violent deaths most triggered
by pent up anger by marginalised young men.
Assistant Commissioner of Police Reginald
Ferguson has repeated the frequent complaint
of his officers as soon as a violent crime
offender is picked up by the police and taken
to court, he is sent back to the streets on bail.
There he continues his crime spree until his
case is called. Police complain that courts and
lawyers are frustrating their work, and leaving
the community at the mercy of people who
should be behind bars.
"There is a greater likelihood that a per-
son who is already facing a serious charge and
is granted bail on another serious matter, will
go out and commit another act once he or
she is given bail," Mr Ferguson said.
ASP Clayton Fernander agrees. He said
force profiles show that many of the persons
committing murders in the Bahamas are
young, single, unemployed black men with
prior criminal records involving violence.
Although guns, the instrument used in most
of today's killings, are illegal, they are in easy
reach of the criminal. Many residents of these
various communities know where guns can
be purchased, who has the unlicensed
weapons and often where they are hidden
when not in use yet they keep this infor-
mation to themselves. They are silent because
they don't want to be involved. But the day


the illegal gun is used against them or a mem-
ber of their household, they will be the first to
criticise the police for not doing enough to
curb crime and getting the guns out of the
hands of the criminal.
The president of the Straw Vendors Asso-
ciation has also urged religious leaders to com-
bat crime by taking the fight "to the streets."
This certainly would be a help, but the only
way to deal with crime is for the entire com-
munity to finger every criminal in their neigh-
bourhood.
In 1835 Alexis de Tocqueville. whose grand-
father and one of his aunts was guillotined
during the French revolution, published two
volumes of his Democracy in America. He
was fascinated by the first democratic gov-
ernment that was truly energised by the peo-
ple. He compared it to Europe, where the
impetus came from central government at the
top and the people in the main were mere
spectators. Wrote de Tocqueville:
"In America the means available to the
authorities for the discovery of crimes and
arrest of criminals are few.
"There is no administrative police force,
and passports are unknown. The criminal
police in the United States cannot be com-
pared to that of France: the officers of the
public prosecutor's office are few, and the ini-
tiative in prosecutions is not always theirs and
the examination of prisoners is rapid and oral.
Nevertheless, I doubt whether in any other
country crime so seldom escapes punishment.
"The reason is that everyone thinks he has
an interest in furnishing proofs of an offence
and in arresting the guilty man...
"In Europe the criminal is a luckless man
fighting to save his head from the authorities:
in a sense the population are mere spectators
of the struggle. In America he is an enemy
of the human race and every human being is
against him."
Here in the Bahamas many of us are not
only spectators of the struggle, but also active-
ly conceal evidence by our silence.
The police can fight crime, religious leaders
and civic groups can assist them, but until all
Bahamians join in the struggle, crime will
grow and the criminal will continue to ter-
rorise silent communities.
The fight against crime is a community fight
and every citizen who conceals evidence is
aiding and abetting the criminal.
Every citizen not just religious leaders -
has to join the fight if we are ever again to be
safe in our homes and in our neigbourhoods.


on '


EDITOR, The Tribune
I WAS amused by the loi
awaited exposs" in Thursda
Nassau Guardian, when the
"Concerned Citizens of the
Bahamas" group led by FN'
reject Ricardo Smith -atteml,
ed to besmirch my name in a dis-
play advertisement paid for, pre-
sumably, by his PLP backers.
Is this the same group whose
demonstrations outside The Tri-
bune were followed by furious
claims by many of the protesters
that they had been tricked into
taking part and had not been
paid, as promised? I imagine so.
The ad is so poorly written
'that it must be from Mr Fred
Mitchell's website. However,
stylistic deficiencies aside, its
biggest fault lies with its total
disregard for the truth, and its
grossly libellous statements,
which will be dealt with via a
writ to be served on the
Guardian's management.
Just to clarify a few points for
anyone insane enough to
believe it, I would like to point
out that:
I was never kicked out of
the Bahamas. I left of my own
accord in October. 1969. witl'
six months still to run on n
work permit, because I want(
to go to Fleet Street to purs
my career and my wife wanted
to study at the London School
of Economics. Both ambitions
were realized.
A secondary reason was that
1 was growing increasingly dis-
illusioned with the Pindling gov-
ernment and its dictatorial ways.
Very shortly after my depar-
ture, all the best brains in the
PLP walked out to form their
own party, apparently having
reached the same conclusion.
The editorial in the Nassau
Guardian, published in 1969,
and cited in the ad, was written
by an American journalist
called Jim Cobb, who was vili-
fied as a tailwagger in my annu-
al "'Silver Grovel" awards for
sycophantic newsmen. He was
trying desperately to get his own
back, but the piece backfired
because no-one believed it. And
incidentally, I was not working
for the Guardian at the time, I
had moved on to The Tribune.
Although his piece said "pru
tears were shed" when I left t!'
Guardian, he had, in fact, ma
more than one attempt to lu.
me back, and was upset when I
declined. His editorial made mnc
laugh so much at the time tha'
had it enlarged and framed.
had pride of place on my study
wall in England for many years.
The supposedly inflamma-


expos&
^Vt^OI


tory story about Cuban revolu-
tionaries which appeared under
my by-line in the Mexico City
News was based on a straight
report of Senate proceedings,
when the late Reginald
Lobosky expressed disquiet
about the possibility of a direct
flight between Nassau and
Havana because he feared the
Bahamas falling into Castro's
sphere of influence. At the time,
this was a much bigger issue
than it is today because the Bay
of Pigs invasion and Cuban Mis-
sile Crisis had happened only a
few years before, and the US
was concerned about the impact
of communism in the region.
The allegation of "abuse of
sources" obviously refers to my
interview with Mr Levi Gibson,
who co-operated fully when I
was writing my book, Blood and
Fire, and certainly did not give
the impression that he was any-
thing other than of sound mind.
This accusation obviously comes
straight from Mr Mitchell him-
self, who I believe is Mr Gib-
son's godson and has once again
got the facts round his neck. My
interview with Mr Gibson was
arranged via his personal assis-
tant and was completely above
board and accurately recorded.
Lastly, I am not and never
have been a racist, and there is
nothing in my background to
suggest such a thing. In fact, I
was reared in a household
where such attitudes would nev-
er have been tolerated.
Interestingly, when the PLP
came to power in 1967, I was
accused by the old guard of
being a PLP supporter because
my political leanings have
always been on the side of the
downtrodden and victims of
injustice. Those instincts still
drive my work today. As a
result, many Bahamians come
to me in search of justice when
the politicians and lawyers have
let them down.
Mr Mitchell, however, evi-
dently has his own racial
demons to contend with. And
my criticism of his total failure
as a Cabinet minister leads him
into irrational and spiteful acts.
This ad is evidently one of
them, though I'm told the
"Concerned Citizens of the
Bahamas" group doesn't actu-
ally exist, except in the mind of
Mr Smith, whose irrational rage
against The Tribune could be
seen as a threat to public order.


Consider this: if I hated the
Bahamas and its people, as the
ad claims, why would I have
been here for the last eight
years? Why would I have
invested a total of 12 years of
my professional life in a country
I loathed? As a citizen of the
European Union, I have
umpteen alluring countries to
choose from, many of them in
the Mediterranean sunbelt, the'
cradle of civilisation.
These are options I will prob-
ably exercise in the not-too-dis-
tant future, but I came here
because I like the Bahamas.'-
spent part of my youth here,
and feel there is a real job to
be done in the field of journal-.
ism. I also like the many,
Bahamians from every section
of society who give me moral
support every week, and who
believe I am one of the few hon-
est voices in a morass of sleaze,
corruption, dishonesty and
moral cowardice which threats:
ens to engulf what I regard as d
great little country with incred-
ible potential.
For me, the potential of the
Bahamas is blighted by the low
quality of its politicians, the cor-
rupt state of much of its legal sys-
tem, and the conseque. :t lack of
accountability which threatens
to undermine society here. As
Judge John Lyons so rightly said,
he (and I, incidentally) has some-
where else to go. We can both
catch jets out of here tomorrow
morning. Most ordinary Bahami-
ans don't have that option.
However, with the likes of,
Fred Mitchell and Ricardo,
Smith so hostile towards me, it
is clear that I am very much orit
the right track, and the gooc(
work will continue right through;
the election campaign and,
beyond. Look out for more
exciting disclosures in the com-
ing weeks.
As I told Britain's Press.
Gazette last week, when they'
were reporting the protest out- -
side The Tribune, earning the:
dislike of politicians like
Mitchell is not a minus, it's a
plus. Any journalist approved
of by such people is not doing
his job. All newspaper people.
should be galvanised and
encouraged by his abuse.
Meanwhile, decent Bahamr-
ans need to ponder whether
crude and grossly mendacious
attempts at character assassinaT-
tion ought really to be part of'
their democratic process. I think
not.


JOHN MARQUIS
Nassau
April 5, 2007


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We the family of

Franklin

"Frankie"

Knowles

would like to thank you for the personal and
corporate supports given toward his medical
expenses and recent cook-out held on March
10th, 2007. We are truly grateful to you all and
ask that you continue to remember him in your
prayers.


The Family


THE TRIBUNE


Correcting





the record


I






TUESDAY, APRIL 10, 2007, PAGE 5


THF TRIR INF


LOANW


Election voters' cards can be picked up at the following schools from today, 10 am-Spm:

NO W CONSTITUENCY M11 STATION LOCATION
1 .....................BAIN & GRANTS TOW N ..............................W OODC'O( 'K PRIM ARY S( 1001 ....................................... I OSPITAL LANE
2 .....................BAM BOO TOW N........................ .................('ARI TO N FRAN( IS I PRIIARY S( ll ( )......................... AITII UNITED W AY
3 .....................BLUE HIL.LS ..........................G(,ARVIN 'lYNI I' RIMARIY S( I )() .................................. ALIEXANDRIA BOULEVARD
4 ..................... AR M IlCH A EI................. ........................... G RAl I) ( '\Sl I PR IM A Y S( I )( ................................... I A M IN( O G A RD ENS
5 ..................... C LlF 'O N ............................................................ A M II I' IM A S( I )( ) .......... .......................... A M B I R V ILLA G E
6 ........ ............ELIZ A 'l ............................... ...................... IN A G I ( N I'R M A Y S( I l ) IO ............................... LIZ A B T H EST A T ES
7 ....................ENG I.ERSTON ..............................................LI ROS PRI'MAI RY S( I (00 1l ........................................LINCOLN BOULEVA RD
8 .....................FARM ROAI) & CENTREVILLE................ ('NTI'RElVL .I PRIMARIY S(' IOOL................................... COLLINS AVENUE
9 .....................FORT I ARLOTTE ................................... ALBIURY SA YI ES PRIMARY SC(IIOOL ........................ NASSAU STREET
10 ...................FOX HILL ............................. .....................SANDILANDS PRIMARY SCHOOL ............................. BERNARD ROAD, FOX HILL
11 ...............GARDEN HILLS.................................SC MCPHERSON IJR HIGH SCHOOL........................... BAILLOU HILL ROAD
1_2 ...................GOLDEN GATES ........................................ CARMICHA IEL IPRIMARY SCHOOL ..................... CARMICHAEL ROAD
13 ................... GOLDEN ISLES ........................................GERALD CASH PRIMARY SCHOOL...............................FLAMINGO GARDENS
14...............KENNEDY....................... ......................CLEVELAND ENEAS PRIMIARY SCHOOL ....................CHARLES W SAUNDERS HWY
15......... KILLARNEY................................ ..... HO NASH JUNIOR HIGH SCHOOL............................ JF KENNEDY DRIVE
16 ............ MARATHON ......................... ...................CI.... GIBSON HIGI I SCHOOL..............................................MARATHON ROAD
17...................M ONTAGU........................ .......................QUEEN'S COLLEG E ................. ............ .............VILLAGE ROAD
18 ..................M O UNT M O RIA H ........................................... ST JO HN 'S CO LLEG E ............................................................. BETHEL AV ENUE
19 ..... ....PINEWOOD................................................CLEVELAND ENEAS PRIMARY SCHOOL ....................CHARLES W SAUNDERS HWY
20 ..................SEA BREEZE............. ......... ................... SADIE CURTIS PRIMARY SCHOOL.................................... PINEWOOD GARDENS
21 ...................SOU TH BEACH ............................................ CV BETHEL HIGHI S(' OO1 L .........................................EAST STREET SOUTH
22 ................... ST A N N E'S......................................................... ST A N N E'S IH IG S(I O O ..................................................... FO X H ILL
23...................STCECILIA.............................................RIDGELAND PRIMARY SCHOOL................................... RIDGELAND PARK WEST
24 .................ST THOMAS MORE........................................DW DAVIS JUNIOR 111(111 SCHOOL ...........................WILTON STREET
25 ................... YAMACRAW ...................... ....................... THELMA GIBSON PRIMN ARY SC('IOOL.............................. ELIZABETH ESTATES


Calvin Lockhart, Bahamian-born

actor, is laid to rest in Nassau


W D


FOR LEADING MAGAZINE,
AND BOOK PUBLISHING HOUSE
SEND RESUME & SAMPLE TO:
Etienne Dupuch Jr
Publications
Tel: 323-5665
Nassau, Bahamas

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


BAHAMIAN-BORN Hol-
lywood actor Calvin Lockhart
was laid to rest in Nassau on
Saturday.
Mr Lockhart, whose birth
name was Bert Cooper, died
on March 29 aged 73 from
complications of a stroke.
One of three Bahamian
actors to achieve internation-
al acclaim, Mr Lockhart at the
age 18 moved from the
Bahamas to New York City
where he spent one year at
the Cooper Union School of
Engineering before leaving to
pursue an acting career.
Mr Lockhart starred in
many British television and
stage productions.
* CALVIN LOCKHART


TUESDAY,
APRIL 10TH
6:00 Community page 1540am
11:00 Real Moms, Real Stories,
Real Savvy
11:30 International Fit Dance
noon ZNS News Update
12:05 Gospel Aficionado
'1:00 Legends: Maureen Duvalier
2:00 Fast Forward
2:30 Turning Point
3:00 Practical Principles
3:30 Ernest Leonard
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5:05 Andiamo
5:30 The Envy Life
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6:30 News Night 13
7:00 The Bahamas Tonight
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10:00 Caribbean Newsline
10:30 News Night 13
11:00 The Bahamas Tonight
11:30 Neo Soul Cafe
S12:30 Community Page 1540AM

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However, he was best
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After becoming a fixture in
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Lockhart returned to the
Bahamas in the late M99)s.
where he worked as a director
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Freeport Players Guild up
until his death.
His last film role was in
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PAGE 6, TUESDAY, APRIL 10, 2007 THE TRIBUNE


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of New Providence boasting panoramic water views. These townhouse units are
2 bed, with 21/2 baths, with pickled ceilings, central air-conditioning, carpeting
in the bedrooms and floor to ceiling tiles in the bathrooms. The ground floors
feature covered entrance and rear patios, both bedrooms are situated on the second
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Antigua WTO victory



over US points way



for small nations


JF SMALL countries
intend to participate
meaningfully in the global trad-
ing system, they have to be pre-
pared to face the cost of arbi-
trating disputes at the World
Trade Organisation (WTO) and
to be creative in the ways in
which these costs are met,
including through public-private
partnerships.
There has been a tendency to
characterise the WTO dispute
settlement machinery as weight-
ed against small countries.
Indeed, the WrO has been
equated with the World Bank
and IMF as the three pillars of
globalisation that disadvantage
small countries.
Yet, the WTO, unlike the
IMF and World Bank, is a truly
universal organisation in which
each member state has a single
and equal vote. And, while its
negotiating procedures have
been dominated by the indus-
trialised nations and, more
recently, the large developing
countries, small developing
countries have failed to be
aggressive enough in champi-
oning their own rights by forg-
ing alliances with one another.
Small developing countries
also make a mistake in not par-
ticipating more fully in the work
of the WTO on a daily basis at a
high level. For, if trade in goods
and services is the means by
which they have to live, partici-
pation in making international
trade rules and overseeing how
they are implemented is vitally
important to them.
There is evidence that small
countries can succeed in the
WTO even on their own if they
are determined enough.

Antigua and Barbuda,
a small Caribbean
island, created history when, in
March 2003, it won a landmark
case against the United States at
the WTO.
Since then, two more WTO
panels have found for Antigua
and Barbuda at appeals; the last


panel formally reported its find-
ings against the US at the end of
March.
The issue, simply put, was:
Did the government of the
United States violate its com-
mitment under the General
Agreement in Trade in Services
by prohibiting through regula-
tion and legislation the deliv-
ery of gaming services from
Antigua and Barbuda via the


There is
evidence that
small countries
can succeed in
the WTO even
on their own
if they are
determined
enough.


Internet?
Each of the panels found that
the US had violated its com-
mitment and dismissed a US
argument that it prohibited all
internet gaming via the inter-
net including domestic bet-
ting and, therefore, was not
discriminating against Antigua
and Barbuda.
1 declare a particular interest
and, therefore, a bias in this
matter since I was Antigua and
Barbuda's Ambassador to the
WTO when this case was first
brought and won.
At stake were not only vital
revenues to the government,
but als the jobs of many peo-
ple ed Iloyed directly by the
industry or indirectly through
the goods and services pur-
chased locally by the Internet
gaming companies.

T wo successive Antigua
and Barbuda govern-


WORLD VI h --

WORLD VIE-


ments from opposing politi-
cal parties held the view that
the case had to be pursued
because of the duty of care to
their citizens.
The decision on whether to
proceed hung more on the cost
of the WTO procedure than it
did on the fact that little
Antigua and Barbuda would be
confronting the mighty US.
While the latter point was a fac-
tor for deep consideration
because of fears of punishment,
it was outweighed by the neces-
sity to stand up for the coun-
try's rights.
The cost of the case was pro-
hibitive. It was estimated then
that it would cost in excess of
US$1 million. With the appeals
process, the cost has undoubt-
edly been higher.
If the Antigua and Barbuda
government had to pay the legal
costs, it could not do it, and
would not have done it. Priori-
ties would have demanded that
the money be spent on roads,
health, education and wages
and salaries.
In the end, a public-private

The US
government also
has to consider
that itis the '
greatest user of
the WTO dispute
procedure; it
is not in its
interest to under-
mine a process
from which it
has benefited and
which maintains
order in interna-
tional trade.

partnership was forged in which
the government provided the
diplomatic and political
resources and many of the com-
panies in the industry paid the
legal firms directly to conduct
the legal research (hundreds of
documents) and prepare the
legal arguments. The industry
recognized that they had as
much to lose or gain as the
country itself.



FriizeFn icie


r. R Rnald Sa
0 SIR Ronald Sanders


t has been said that
Antigua and Barbuda's
victory is ineffective because
the remedies provided by the
WTO are inadequate. For
example, imposition of retalia-
tory tariffs by Antigua and Bar-
buda on exports from the Unit-
ed States will not have sufficient
impact to induce US compli-
ance and will also negatively
impact the cost of US goods
needed by the Antigua and Bar-
buda community.
There is, of course, some
truth in that, and it points to
urgencyy for joint action by all
"small developing countries to
advocate change in the penalties
that an offending country would
be required to pay.

But, if the US govern-
ment refuses to start
talking seriously with the
Antigua and Barbuda authori-
ties about how a form of com-
pliance could be achieved in a
manner that is acceptable to
both parties, then the Antigua
and Barbuda may have no
choice but to apply the tariffs
which the WTO Panel sets, and
get their imports elsewhere -
Canada, for instance.
Such a situation may not
harm the US financially, but it
would most certainly hurt its
moral standing as a global
leader and as democratic nation
committed to upholding rights.
The US government also has
to consider that it is the greatest
user of the WTO dispute pro-
cedure; it is not in its interest
to undermine a process from
which it has benefited and
which maintains order in inter-
national trade. The conse-
quence would be to encourage
other countries to ignore WTO
rulings and to unravel the whole
tapestry of international trade
rules.
Responses to: ronald-
sanders29@hotmail.com


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PAGE 6, TUESDAY, APRIL 10, 2007


THE TRIBUNE


:I


..














Police seize huge marijuana haul


('


M DEU officers offloading drugs from a boat which underwent a
routine check as it entered Nassau harbour last Thursday
(Photo: Tim Clarke/Tribune staff)


Nottage: we will keep

on with NHI scheme


* By DENISE MAYCOCK
Tribune Freeport Reporter
FREEPORT Despite the
results of a private survey con-
ducted on National Health
Insurance, Health Minister Dr
Bernard Nottage said the gov-
ernment "will not be deterred"
in its effort to implement the
NHI scheme.
The survey, which was car-
ried out by the Segal Company
on behalf of the National Coali-
tion of Healthcare Reform,
reported that only 21 per cent of
Bahamian employers felt that
government's proposed NHI
scheme is the best option for
improving the quality of health-
care in the Bahamas.
Despite this, Dr Nottage said
the government is moving
ahead with the scheme which
could be ready for implemen-
tation by the end of the year.
While attending the opening
of World Health Month on
Grand Bahama, Dr Nottage told
The Tribune that despite the
results of the surveys "the truth
of the matter is that a vast major-
ity of the Bahamian people
understand the need for NHI."
"They are bombarding us
with the question of when it will
begin, and the answer to that
question is when we have every-
thing right, and we feel all of
the various issues have been
adequately dealt with. Not until
then, because we want it to suc-
ceed and we don't want it to fail
because we were not sufficient-
ly thorough," he said.
"When we talk about NHI
we are trying to create a system
that will ensure that Bahami-
ans receive the care they need
when they it, whether you have
the money, or not.
The National Coalition for
Healthcare Reform, which
includes among its membership
employer associations, unions
and private sector groups,
claims the government is "rush-
ing" the plan without proper
consultation.
The group said their survey
"shows that the NHI plan,
based on the information we
have 6n hand at this time, is not
giving anyone a comfort level."
Dr Nottage, however, ques-
tioned the instrument used in
the survey.
"I saw a report of a study
which was done by the Nation-
al Coalition of Healthcare
Reform, which is against the
implementation of NHI. What I
.didn't see was the instrument
that they used, because you can
do studies and research, but the
research has to be authentic,"
he said.
"But, if we haven't seen the
instrument we don't know how
the questions were asked, nei-
ther do we know all the ques-
tions that were asked. For
example, I think I am informed
that one of the questions asked
had to do with whether or not
businesses would downsize if
we introduced NHI. And they
didn't provide for us in the


newspaper article that I saw the
answers to that question, which
I think would be a very inter-
esting one. I wonder why they
didn't provide that answer."
Dr Stanley Lalta, project
manger for NHI, said that
employers would be in a better
position to judge the plan after
certain details had been fine
tuned by consultants hired by
the government to assist in the
plan's development.
Dr Nottage stated that while
it has always been his objective
to have NHI ready for imple-
mentation by the end of the
year, a number of studies and
consultations are ongoing.
The minister said they are
looking at the micro economic
impact of how businesses will
respond and be affected.
He said they are also looking
at what range of benefits the
government can afford to pay
for, having regard to the con-
tribution they are asking peo-
ple to make.
"These are the nuts and bolts
that have to be tied, and of
course once we have defined all
of these things, making sure reg-
ulations which have to be in
place are in place, there is also
some legislation that pre-dated
the NHI legislation that would
have be amended so that all
various entitlements under the
laws of the Bahamas are dealt
with. We are very busy work-
ing on those issues."
Dr Nottage said that no matter
who wins the election on May 2,
the mechanisms will be in place
for the scheme to be introduced.
"I believe that the party in
government will continue to be
the government, but even it
doesn't, the FNM has said it will
support NHI."


i t


* By ALISON LOWE
Tribune Staff Reporter
A SPEED boat containing an
estimated 25 to 30 bales of mar-
ijuana and two men were taken
into police custody last week.
The 30-foot white Intrepid
boat was stopped and searched
by officers from the marine unit
of the Royal Bahamas Police
Force who said the occupants
were acting suspiciously at
around 8.45am off the coast of
Western New Providence,
around Clifton Pier.
Bales of marijuana, packaged
in tape, plastic, and foil, and
hidden in sacks, were subse-
quently discovered hidden in all
available cavities in the boat's
hull and console unit.
Assistant Superintendent
Prince Charleton said that the
street value of the haul had not
yet been determined as the
drugs had not been weighed.
One of the two men taken
into custody in connection with
the incident was known to the
authorities, he said.
Asst Supt Charleton said it
was not unusual for authorities
to apprehend suspected drug
runners in the morning, or in
broad daylight.
"It varies. Sometimes we
catch them in the morning,
sometimes in the late evening.
We do a routine patrol, we stag-
ger it morning, evening or
afternoon," he said.
It is thought that the vessel
was returning to Nassau from
one of the out islands. Asst Supt
Charleton said it was possible


Speedboat stopped for routine check

it may have been Andros. Wednesday afternoon, mented.
Authorities discovered the Once taken to the Police Har- Authorities said the drugs
"largest ever field of marijua- hour Patrol section in Nassau would then be taken to the
na in the history of the Harbour at around 10am, the DEA storage facility to be
Bahamas" on that island on bales were offloaded and docu- processed.









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TUESDAY, APRIL 10, 2007, PAGE 7


THE TRIBUNE


tit






THE TRIBUNE


PAGE 8. TUESDAY. APRIL 10. 2007


M By TRIBUNE STAFF WRITER
THE controversial $2.500
dinner bill run up by lawyer


Debra Opri at Nassau's exclu-
sive Graycliff Restaurant was
chickenfeeded" for owner Enrico
Garzaroli.


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It paled into insignificance
alongside the Graycliff record
- a $185,000 bunfight hosted by
an American businessman who
had just sold out to a major cor-
poration.
"A meal for $2,500 is no big
deal at this restaurant," Mr
Garzaroli told The Tribune last
week. "If you're buying wine at
$200 or $300 a bottle, it doesn't
take long to reach $2,500."
Ms Opri, the Los Angeles
attorney hired by Anna Nicole
Smith's ex-boyfriend Larry
Birkhead to help him fight his
paternity action, submitted a
legal bill of more than $620,000
to Mr Birkhead last weekend.
This came two weeks after he
had dispensed with her services
amid reports that there had
been differences of opinion over
her approach to the case.
The bill included a charge of
well over $3,000 for two meals,
one of them running close to
$2,500. Insiders claimed a party
of about nine, mostly lawyers,
were at one Graycliff dinner.
Although Mr Birkhead even-
tually got the bill, via Ms Opri,
for both dinners, he was not
there to enjoy the food. "They
didn't even take him a doggy-
bag," said one wit when the
feasts were discussed on Amer-
ican television this week.
For Mr Garzaroli, however,
bills for several thousand dol-
lars are not unusual. With prob-
ably the best wine cellar in the
Caribbean region, he expects to
charge big money to discerning


LARRY Birkhead was in
gung-ho mood yesterday on the
eve of the long-awaited court
hearing which will, it is hoped,
reveal DNA test results on


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customers.
The American businessman
celebrating a takeover by a
major group held several par-
ties at Graycliff in one week,
running up a total bill of half a
million dollars in the process.
The $185,000 binge was the
most expensive of the lot, with
French vintage wines at
between $6,000 and $50,000 per
bottle going down the guests'
gullets like Pepsi Cola.
It's not unusual for Graycliff
customers to leave $500 tips
when they've enjoyed a night
carousing'at the world-famous
eatery.

Gambler

A few years back, a high-
roller at the Atlantis casino lost
$1.5 million in one night and
was offered a meal with friends
at Graycliff as a consolation gift
from the hotel's management.
Together, the gambler and
his pals ran up a $96,000 bill,
quaffing liberal amounts of vin-
tage wine as they wolfed down
lobster and other Graycliff spe-
cialities.
Ms Opri is not the only per-
sonality in the Anna Nicole saga
to enjoy the restaurant's noted
hospitality.
Crews from CNN, CBS, Fox
News and other American TV
channels have been chomping
on Mr Garzaroli's fine fare in
recent weeks all on expense
accounts, of course.


Anna Nicole Smith's baby Dan-
nielynn.
In fact, he marked the occa-
sion by buying a "Who's Your
Daddy?" tee-shirt from Island
Shop on Bay Street.
Island Merchants boss Gre-
gory Lee said: "The staff were
amazed when he came in and
bought the tee-shirt. He shout-
ed 'I'm the daddy' and then left.
They were quite excited about
it."
Birkhead spent Easter in
Nassau in preparation for the
court hearing which, observers
believe, could end the long
debate over Dannielynn's pater-
nity.
Birkhead, 32, a Los Angeles
photographer, has been pursu-
ing his claim to the baby for the
last six months, long before
Anna Nicole died in Florida on
February 8.
He claims the child was con- '


* ENRICO Garzaroli M DEBRA Opri


"So the Anna Nicole story
has been quite good to you
then, Mr Garzaroli," The Tri-
bune suggested during an inter-
view yesterday.
"Not too bad," the Italian
proprietor chortled. "I have no
complaints."
After 33 years as Graycliff s
owner, he said things just get
better and better, like vintage
wine. But he's still waiting for a


customer to come along and
buy the best bottle he has.
That's a 300-year-old beauty
for sale at a cool $200,000.
"Mmmmm, maybe I wouldn't
sell it at all," he said, "Maybe I
would just keep it... unless, of
course, you would like to book
a table."
"Perhaps not," I said, "not
unless Larry Birkhead's pay-
ing."


Your Daddy?


* LARRY Birkhead


ceived in January, 2006, when
he and the former reality show
starlet were setting up home in
Studio City, California.
Howard K Stern, Anna


Nicole's lawyer-companion, has
also claimed to be the father
and is named on Dannielynn's
birth certificate.
A DNA test was conducted
in the US last month and results
were kept in a sealed file. Stern
subsequently appealed against
disclosure of the results, but
then withdraw his objection.
Whatever the results show,
the custody and guardianship
issues are expected to continue
before the courts.
Anna Nicole's mother, Vir-
gie Arthur, is also in Nassau to
pursue custody. But Stem's sis-
ter Bonnie told American TV:
"She will never get custody -
over our dead bodies."
Dannielynn could inherit
$475 million from the estate of
Anna Nicole's late husband, oil
tycoon Howard Marshall. This
matter is still before the US
courts.


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* MEMBERS of the Cable Beach police force learn more about environmental stewardship
from members of the Coastal Awareness Committee. The outreach programme is part of the com-
mittee's efforts during April which is Coastal Awareness Month in the Bahamas.



Coastal Awareness Committee



meets with police to discuss



environmental stewardship


SEVERAL members of
the Coastal Awareness
Committee of the Bahamas
met with more than 30
police officers stationed at
Cable Beach to discuss the
role of the force in envi-
ronmental stewardship.
The committee is a group
of stakeholders from the
private and public sectors
with an interest in promot-
ing the sustainable devel-
opment of the Bahamas.
Edison Deleveaux of the
Department of Marine
Resources; Charlene Carey
of BREEF and Eleanor
Phillips of the Nature Con-
servancy, all members of
the committee, discussed
the five main threats to the
coastal environment.
They encouraged the
officers to assist in the
campaign against those
who are abusing the dump-
ing, littering and toxic
waste disposal laws of the
Bahamas.
"Their efforts would
prove to be an important
step in helping to fight the
scourge of the vexing prob-
lem of pollution," said Mr
Deleveaux, who is the
deputy director of the
Department of Marine
Resources and a reserve
assistant superintendent of
police.
"The officers were very
interested in supporting
Coastal Awareness. The
public may not be aware
that we do have laws about
littering in the Bahamas
because of insufficient pub-
lic education and enforce-
ment efforts by all con-
cerned agencies, including
the police."
He noted that Bahamians
can familiarise themselves
with local laws governing
dumping by going to
http://laws.bahamas.gov.bs.
"It is going to take all of
us law enforcement, the
public, the business sector
and the government to
end pollution in our coun-
try."
April has been officially
proclaimed Coastal Aware-
ness Month in the Bahamas
and the committee has sev-
eral activities planned that
the public are invited to
attend.


Officers encouraged

to assist in campaign


There are five main
threats that affect coast-
lines: pollution, invasive
species, climate change,
overfishing and habitat
destruction.
The committee will focus
on pollution as a theme loi
this year's campaign, one
of the biggest problems ti,
threaten Bahamian oastss
"We all know that tiash
is having a negative affect
on our country impacting
our social and economic
well-being," said Earlston
McPhee director of sus-
tainable development for
the Ministry of Tourism
and chairman of the
Coastal Awareness Com-
mittee. "The exit surveys
handed in by our tourists
indicate that trash is one
of their biggest complaints
when visiting our country.
Our goal is to educate the
public and to offer real
solutions to people that
collectively will help us as
a developing country and
as a tourist destination."
The events for Coastal
Awareness Month will
include:
National T-Shirt Day -
Friday, April 19
Beach clean-up, Soulh
Beach April 21 from Xam
to 12pm
Harbour clean-up -
Saturday, April 28 from
8am to 2pm
Educational marine
exhibition, Marathon Mall
- Monday, April 23
through Friday-, April 27
National school science
competition Thursday,
April 26, Marathon Mall
Field trips to Dolphin
Encounters, Blue Lagoon
Island and Dive Stuart
Cove
National Church Ser-
vice on Sunday, Sacred
Spaces at Clifton I'i,'i -
April 29 at 1 lam.
As this is a national ini-
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other Coastal Awareness


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TUESDAY, APRIL 10, 2007, PAGE 9


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PAGE 10, TUESDAY, APRIL 10, 2007


THE TRIBUNE


Church leaders asked


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CHURCH leaders repre-
senting various denominations
throughout New Providence
were asked to develop better
working relationships with
police divisional commanders
to help stamp out the scourge
of crime in their neighbour-
hoods in particular and the
Bahamas in general.
The challenge came last week
during a one-day symposium on
crime hosted by the Royal
Bahamas Police Force at Police
Headquarters on East Street.
The symposium was designed
to bring the religious leaders
up to date on police efforts to
reduce the level of crime par-
ticularly violent crime, such as
murder, rape and armed rob-
bery.
It was also designed to give
the clergy, especially those who
have churches in the areas
hardest hit by crime, a "first-
band view" of the role of law
enforcement officials in polic-
ing the streets.
The session was also used to
provide church leaders with
some suggestions on the roles
they can play in their respec-
tive communities to help reduce
the level of crime.
Senior Assistant Commis-
sioner of Police Reginald Fer-
guson, who served as assistant
commissioner in charge of
crime before his recent promo-
tion, told the religious leaders:
"We must work collectively
to stem the tide of crime in our
country. The Bahamas is one
of the most beautiful places in
the world, but if we don't work
together to stem the tide of
crime in our country, then it
won't matter how beautiful our
country is. We must seize the
opportunity to keep our coun-
try as tranquil as God will let
us.
Mr Ferguson said the force
has developed a number of ini-
tiatives designed to deal with
the crime before it gets out of
control. He promised the reli-
gious leaders that the RBPF
has been, and will continue to
be. proactive in that regard.
He said one of the challenges
currently facing the police is
that persons charged with vio-
lent crimes are continually
being granted bail.
"There is a greater likelihood
that a person who is already


THE Royal Bahamas Police Force hosted religious leaders
from New Providence to a one-day symposium on crime at
Police Headquarters, East Street on Tuesday. From left are John
Rolle, deputy commissioner of Police; Rev Dr William Thomp-
son, president, Bahamas Christian Council; Police Commis-
sioner Paul Farquharson; Bishop John Humes.
(BIS photo: Patrick lHanna)


facing a serious charge and is
granted bail on another serious
matter, will go out and commit
another act once he or she is
given bail," Mr Ferguson said.
His view was echoed by
Assistant Superintendent of
Police Clayton Fernander, who
serves as officer-in-charge of
the homicide division of the
Central Detective Unit.
ASP Fernander, whose unit
has had to investigate 23 homi-
cides since the beginning of the
year, said force profiles show
that many of the persons com-
mitting murders in the
Bahamas are young, single,
unemployed black men with
prior criminal records involv-
ing violence.
He said further research
shows that a number of the vic-
tims of these homicides share
a similar profile.
ASP Fernander encouraged
the religious leaders to help the
state through the development
of more comprehensive pro-
grammes that could involve
such young men who may feel
that they are being margin-
alised.
"The church has been doing
a great job in the past in assist-
ing with the social ills that
impact our country but it has
to step in and help the state
develop the kind of pro-
grammes that will help us guide
our young men in the right


direction," ASP Fernander
said.
Bishop Delton Fernander,
senior pastor of New Destiny
Baptist Church and a member
of the Police Reserves, said the
symposium gave religious lead-
ers an opportunity to "see how
our responsibilities are more
than just sitting in our pulpits."
"As a reservist, I serve this
country at a different level than
most pastors and so what was
talked about here, I have a dif-
ferent perspective because I am
the person on the front-line,
who is wearing the bullet proof
vest and who has to go into
these places," Bishop Fernan-
der said.
"I think today's session pro-
vided more of the pastors with
a front-line view of what mem-
bers of this force have to go
through on a daily basis in the
fight against crime," he added.
Bishop Fernander said the
information provided at the
symposium will be crucial to
the development of the future
plans and programmes of
churches throughout the island.
"It is my belief that if we can
continue this type of partner-
ship whereby the Police Force
can inform us of the problems
that exist in our districts, then
we as a church can develop the
programmes necessary to help
solve some of those problems,"
Bishop Fernander said.


A! RRK-A-IA5ND3


The Bahamas Environment, Science
and Technology Commission


GN 484


The Montreal Protocol Act, 2006, requires all Refrigeration and
Air-conditioning technicians to possess
A NATIONAL CERTIFICATION CARD.

To facilitate this process,
THE MINISTRY OF UTILITIES & THE ENVIRONMENT
advises that
The Representatives Of The National Ozone Unit
will be on the islands of Abaco, Eleuthera, Exuma and Grand Bahama on the
following dates and times:


George Town, Exuma
Marsh Harbour, Abaco
Go'enor's Harbour, Eleuthera
Freeport, Grand Bahama


April 11th, 2007
April 25th, 2007
April 26th, 2007
April 27th. 2007


9:00-5:00p.m.
9:00-5:00p.m.
9:00-5:00p.m.
9:00-5:00p. m.


at the Department of Environmental Health Services Office. to register
ALL REFRIGERATION AND AIR-CONDITIONING TECHINICIA NS.
Technicians are required to bring along the following:
I. Drivers license;
2. National Insurance card;
3. Passport or valid voter's card and
4. Certification documents.

For more information, please contact the National O/.one Unit, Rest ('Commissionll
in Nassau at 322-4546; 356-3067 and 322-2 S70.


,.> ::* ...- ,. .1 ^ 1, !"t ;cab







TUESDAY, APRIL 10, 2007, PAGE 11


THE TRIBUNE


Grand Isle Resort and '"'


Spa takes top honours ,


GRAND Isle Resort and
Spa has been rated number
one among nine hotels and
resorts in Exuma by visitors
wlho reported their experi-
ence in glowing terms on the
popular website TripAdvi-
sor.com.
"We were notified by a
guest that they had posted a
glowing review, and we went
to TripAdvisor.com and
were thrilled," said Pamela
McCullough, senior vice-
president of Grand
Caribbean Resorts Inc.,
which manages the upscale
condotel resort in Emerald


Bay, Great Exuma.
"'There was one report
after another praising the
property, the service and the
beauty of our beach. The
overall ranking at the top of
the page said first of nine
hotels in Exuma. We are so
pleased with the placement
and so proud of our staff."
Reports posted as recently
as March 24 painted a pic-
ture of the hilltop luxury
resort as "unforgettable,"
"friendly," "outstanding,"
and even "our favourite
vacation destination."
Three out of four reviews


FOR half an hour each Tuesday
afternoon, managers at Old Bahama Bay by
Ginn sur Mer in Grand Bahama put aside e-
mails and cell phones and head to the small
public school in the nearby West End commu-
nity.
Bright-eyed students from kindergarten to
grade six eagerly await their arrival, with the
younger ones gathering on floor mats. Since
early March. Old Bahama Bay instituted a
reading programme at the school with resort
staff members participating as readers on a
rotational basis.
Commenting on the success of the pro-
gramme thus far, Donald Glass, vice president
of human resources at Old Bahama Bay, said:


gave it a perfect 5.0 rat i ing
in all categories, the highest
a property can achieve. lThe
single lowest rating was a
4.5.
Grand Isle Resort and
Spa, formerly known as
Grand Isle Villas, is a pri-
vate community of 78 luxu-
riously-appointed villas at
the highest point of Emer-
ald Bay, a short walk from
the Four Seasons and the 18-
hole Greg Norman-designed
championship golf course.
POOLSIDE at Grand
Isle Resort and Spa


"The response was both encouraging and moti-
vating. In some cases, the students wanted the
reading to continue past the designated peri-
od."
School principal Cardinal Woods and his
teaching staff expressed gratitude for the
involvement of Old Bahama Bay in yet anoth-
er aspect of the school's affairs.
Most recently, Old Bahama Bay assisted
with the school's spelling bee and donated an
$80,000 air-conditioning system to the school
last December.
In the photo, resort vice president and gen-
eral manager Bob Van Bergen reads to a cap-
tive audience of grade one students during a
visit.


Under the distinguished patronage of his excellency +
Hon. Arthur D. Hanna, Governor General and Mrs. Hanna.


presents I


April 10-14, 2007
Dundas Centre For
The Performing Arts
8:30p.m. nightly


Guest Artist: Mrs. Joann Callender (Soprano)
Tickets: $15.00 April 11-14, Call: 393-3728
$50.00 Gala. April 10, Call: 393-3226

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PAGE 12, TUESDAY, APRIL-10, 2007


THE TRIBUNE..


Woman due to be witness FNM supporter is arrested


in murder trial found dead


POLICE are probing the mysterious death of
a woman who was due to be a witness in a mur-
der trial.
Sharon Pratt, 48, was found dead at her home
in Village Alley, off Blue Hill Road, last Thurs-
day.
Neighbours who had not seen her for two
days found her decomposing body when they
entered her home to investigate.
Sources claim there were injuries to her legs.
It is not known whether there were other
wounds.
Ms Pratt, a single childless woman who
worked as a domestic help, was due to give
evidence in the Hosea Lightbourn murder
trial.
He was shot dead in Rupert Dean Lane, Bain


Town, last September in what was described
at the time as a "reprisal" killing.
Mr Lightbourn is alleged to have taken out a
contract on another man.-
A resident of Big Pond is apparently being
sought for questioning in connection with Ms
Pratt's death.
Yesterday, neighbours in Black Village
expressed sorrow over her death.
"She was a nice girl," said one, "She lived
alone and was usually out and about in Black
Village. Persons are very tight-lipped and it is
being whispered that she was murdered."
The source added: "There is a sombre, quiet
mood here."
Police were unavailable for comment last
night.


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APPRAISED VALUE: $72,000


FNM campaigners were furiou
a supporter was arrested by pol
castle.
Francis Milfort, said to be in hi
his car which was flying FNM
was grabbed by officers and tal
workers claimed.
"We are not aware that he
wrong," said one source, "He \


Judiciary

FROM page one

under the judge's remuneration
and pension's act."
Freeport based lawyer, human
rights activist and founder of the
Save the Guana Cay foundation
Fred Smith told The Tribune yes-
terday that he plans to use a April
25 date at the court ostensibly
seeking an injunction application
to restrain the development on
Guana Cay while the group's
appeal is being conducted to
ask the court to consider whether
the foundation had a fair trial to
begin with, given Justice Lyons'
judgment.
"Although the Attorney Gen-
eral (Allyson Maynard-Gibson)
for her own expedient political
purposes may have withdrawn
that appeal, it doesn't avoid the
fact that the issue is still alive
before the courts, and indeed in
the Save Guana Cay matter we
have obtained leave to appeal
from Justice (Norris) Carroll, to
ask the courts to determine that
very point," said Mr Smith.
If it is determined by that court
that the judiciary was not inde-
pendent at the time that Justice
Carroll first heard their case, the
group, and many others, would
be entitled to a retrial, having had


s last night after and taken to Central Police Station. ,*.
ice at Fort Fin- "We had a party for our people on the hill and..
as he drove up, the officers took him out of 1i:,
s thirties, was in car."
flags when he Lawyer Michael Barnett, the party's candidqt
ken away, party for Fort Charlotte, was last night trying to neg ,
tiate Mr Milfort's release. *
did anything Police said he was arrested for allegedly usii
was dragged off obscene language.


independence issue*


their constitutional right to a trial
before an impartial judge
breached.
Hundreds of judgments may
be called into question, he said.
Mr Smith said that in the case
of Justice Carroll, in particular,
the group will further be making
the case that the "the opportuni-
ty for political interference,
although it may not have
occurred, remained a live one"
as he is an acting judge.
For this reason, he did not have
.the "security of tenure" neces-
sary for assured independence
"because he could be removed at
the will of the executive at any
time."
Mr Smith likened appointing
acting judges to "putting the
judge on probation."
"As long as you behave, as
long as you don't disrupt the sys-
tem too much, we might eventu-
ally confirm you in the appoint-
ment," he said, adding that the
PLP are "particularly fond" of
appointing judges in this way.
He said that although other
countries appoint acting judges, it
is usually only for very short peri-
ods of time and not at the "high-
est" levels.
Mr Smith added that Freeport
in particular was plagued with a
"dysfunctional" judicial system,


FROM page one

combe, who is contesting the Golden Gates seat
as an independent, said gay election candidates
should declare their sexuality before seeking the
votes of the public.
Mr Duncombe said voters had a right to know
where candidates stood on family issues.
And sexuality, he said, often affected an MP's
stance on such matters.
The child rights advocate said since gay sex was
legalised in the Bahamas 16 years ago, there had
been a "proliferation" of homosexuals and les-
bians.
He said voters had a right to know a candi-
" date's proclivities because they so often influ-
'-enced the way they viewed important social arid
i estic issues. ,.' : '*'"
"If they are bold enough and believe it, then
why hide it?" Mr Duncombe asked.
He criticised both Prime Minister Perry
'Christie and Opposition leader Hubert Ingra-
ham for not taking a position on this important
question publicly.
"I have no problems with people who are gay,
but I have a great problem with those who hide it


overseen by only two judges, both
of whom are merely "acting" -.
Justices Peter Maynard and Nor-
ris Carroll.
"That is an unacceptable situ-
ation for the northern region,
which is supposed to have, by the
amendment to the Supreme
Court Act...the senior Justice sit-
ting in Freeport at all times," he
said.
Mr Smith said he and the Save
the Guana Cay Foundation are
ready to take their case to the
Privy Council if necessary.
In November, Justice Lyons -
said that the government had
shown a "manifest disregard for.,
the rule of law" by failing-.',
to appoint a tri-annul',1
commission to review judges'
salaries.
The review schedule, mandated ."
by law, is designed specifically to
protect against the undermining.'
of the independence of the judi--'
ciary. .
In his landmark ruling, Justice
Lyons claimed that the govern- *
ment had "deliberately" ignored *
a law designed to protect the con-,
stitutional independence of' '
judges.
The Attorney General
appealed his ruling, but subse-
quently withdrew that appeal at
the end of March.


Gay rights

group hits out

and pretend they are something else," he said.
However, Ms Greene told The Tribune: "If Mr
Duncombe's statements are born out of a desire
to promote a culture of honesty, integrity and
accountability and/or to promote a culture that
views the family and the right to create family as
sacred, then the Rainbow Alliance of the
Bahamas supports him and all those that believe
that honesty, integrity and accountability are the
cornerstone of nation-building. Otherwise we
would.acadvise MrDuncombe not to play poli-
tricks with people's lives."
Ms Greene said that no credible institutions
or individuals in the Bahamas are in the prac-
tice of "outing" homosexuals.
"Not the Christian church, not the Bahamian
government nor any political parties, and cer-
tainly not the Rainbow Alliance of the Bahamas,"
Ms Greene said.


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FROM page one

Christie and will work to see
him return as Prime Minister,"
he said.
Mr Smith's possible opposi-
tion to the PLP, as an indepen-
dent, frightened many senior
members of the party, as he had
been a representative from
Exuma for nearly 30 years.
A three-way race with Mr
Smith, the FNM candidate
Joshua Sears and the PLP
incumbent, Anthony Moss,
could have split the PLP vote,
allowing Mr Sears a clearer path
to victory, in a seat that is
expected to be competitive.
Mr Smith initially lobbied
the government for the Exuma
seat to be divided in two so that
he could run along with Mr
Moss under the PLP banner.
The population expansion in
Exuma, as a result of the Four


George Smith
Seasons Resort, was given by
Mr Smith as a justification for
the extra seat. Mr Smith argued
that one representative would
have difficulty maintaining the
"quality contact" Exumians
expected and deserved.
The government did not
accept this argument and Exu-
ma was left as a single seat,
resulting in Mr Smith publicly
threatening to still run.
The announcement that Mr
Smith will not oppose the PLP
in Exuma comes on the heels
of reports in The Punch that Mr
Smith was at odds with Prime
Minister Christie, suggesting
that his job as chairman of the
Hotel Corporation was under
threat if he did run against the
PLP.
In an apparent attempt to
heal the rift that may have


PLP prediction

FROM page one

Speaking with The Tribune yesterday, FNM chair-
man Desmond Bannister said that his party's polls
are painting an entirely different picture than that of
the PLP's campaign analysts.
"Anybody whose polling is that inaccurate is going
to be really surprised on May 2. We know what our
polls told us and we know what their (the PLP's)
polls told them, so we are quite aware what is hap-
pening on the ground of this country and on May 2
we're going to have a new government."
While Mr Bannister said that he could not reveal
the percentage by which his party is estimated to
win, he added that, according to the polls, the FNM
is expected to win by an overwhelming number of
votes.
"We're going to win big, that's what the people are
telling us," he said.
Mr Bannister could not comment on whether the
FNM had hired political campaign specialists similar
to those of the PLP, but explained that his party
had been prepared for this election for a long time
and had done everything to ensure it wins.
The FNM chairman further said that his party will
hold Prime Minister Perry Christie to his word to run
an election on issues. "We hope the press also
ensures he is held to that word," hie said.
Mr Bannister said that the FNM is especially dis-
gusted with the recent advertisement campaign the
PLP has been staging.
"The commercials have been a disgrace, demean-
ing the name of a former leader of this country, and
really a government that runs that type of ad cam-
paign loses the respect of the people," he said.


resulted from his possible revo,'-
from the party, and to display
his full support of Mr Christie'.
Mr Smith said: *b*ow
"I know personally that tlh&%
Rt Hon Perry G Christie is
caring man with the qualities os
a good prime minister. His be.s
years are ahead of him, and
nation should give him supe *
port." ** 1,
The former MP, in his
remarks, also made suggestiofi'o.
to the government for improve!.'.
ments that are urgently need-
ed within The Exumrnas.
Some of these include:
upgrades to Exuma Interna-
tional Airport; refurbishment
of existing school buildings and
the provision of highly-trained
teachers, and, a docking facility
and transshipment centre at
Pudding Point to facilitate the-,'
economic growth of this-,
area and the southern Exuma,
cays.


Gunman

FROM page one

Chief Supt Miller said police are unaware
of a motive in the incident.
The three victims are in serious condition,. ,
and several police teams are seeking theI-,
suspect, or suspects, involved in the shooting,, ,
according to Chief Supt Miller.
In other crime news over the weekend,
two men were taken into custody by the
police and charged with six counts of armed
robbery.
Acting on information of an illegPa firearm "
in the Churchill Avenue area, police moved,
in on a suspect and found a .38 revolver and'
four rounds of ammunition.
Upon questioning the suspect, Chief Supt
Miller said they were led to another indi-
vidual in the same area they suspect acted in
concert with the first, in six armed robberies.
The firearm recovered was allegedly shared
by the two in committing these offences. ,-
A security officer, Alfred Luther, from
the Corner Hotel, is also in serious condition
after being stabbed early on Friday morning.
According to police reports, around 5.15am,
three to four men entered the hotel creating
a loud disturbance when Mr Luther came to
investigate.
The officer allegedly spoke to the men,
asking them to leave, when an argument.
ensued, and one of the men stabbed him
repeatedly on various parts of his body. Mr
I l i iimains in siciious condition at
I'ninccss Margi .icl losplial.


~1
is


j*. .,... .,'.~' .~
..~ ,'.~-.
i .. A,- ______________________________
ft


11 9-myffiLba -d! Ll;m"Em i;il- --l m

INTERESTED PARTIES SHOULD SUBMIT OFFERS TO PURCHASE (WITH TELEPHONE
CONTACT AND POSTAL ADDRESS) TO CHERRY MISSICK, THE PLAZA, MACKEY STREET,
OR CALL 242-502-6221 FOR FURTHER INFORMATION. WE RESERVE THE RIGHT TO
REJECT ANY OR ALL OFFERS. I


1






TUESDAY, APRIL 10, 2007, PAGE 13


THE TRIBUNE


He HATED the thought
of paying for ear insurance!


a'

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p -


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PLP opens Bain and


Grants Town office


THE PLP officially
opened its new Bain and
Grants Town office on Fri-
day night.
Pictured (top left) is Minis-
ter of Health and Bain and
Grants Town MP Dr
Bernard Nottage addressing
the crowd.
Top right is Prime Minister
Perry.Christie speaking from
the stage. And, above, is Dr
Bernard Nottage with Dr
Philip McPhee, who was the
FNM candidate for the con-
stituency at the last general
election.
(Photos: Franklyn G
Ferguson)

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.


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THE TRIBUNE


APRIL 10, 2007


YOUR CONNECTION TO THE WORLD


The Bahamas Telecommunications Company Limited


Travel with your Blackberry add roam
In Canada with Rogers Wireless.
.i'the United States with Cingular.
in all English speaking Caribbean
countries with Digicell.

You can send and receive emails,
make and receive calls just like
you are at home.

ThIs is fantastic
Blackberry... It's my office in my han .


OU CONNECTION TO THE WORLD


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WIRELESS SERVICES


The Bahamas Telecomm-unications
Company Limited, (BTC) is pleased to
inform our valued customers and the
general public that wireless services such
as new applications, ESN changes and
adding features can now be done at the
following locations; BTC Mall at
Marathon, BTC Fox Hill Multi Service


Centre and BTC JFK.
BTC encourages the public to use any of
the convenient locations for their
wireless needs. BTC is working hard to
keep our customers connected to the
world.


I U


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BTC 225-5282


Swww.btcbahamas.com


PAGE 14, TUESDAY, APRIL 10, 2007


- 1~11







a U


TUESDAY, APRIL 10, 2007


SECTION


BUSINESS


nisiness@tribnemedia.net Miami Herald Business, Stocks, Analysis, Wall Street


Hilton marina developer




looks at alternative sites


IGY still committed to doing a Yacht Haven Grande in Bahamas, but wants

downtown hotel's majority owner to stick to deal's 'original terms'


* AN outside view of the British Colonial Hilton, Nassau


* By NEIL HARTNELL
Tribune Business Editor
T he developer
behind the pro-
posed multi-mil-
lion dollar mari-
na/resort develop-
ment just to the west of down-
town Nassau's British Colonial
Hilton has indicated to The Tri-
bune that it is looking at alter-
native sites for the project, in
case the Hilton's new majority
owner does not return to the
"original terms" of their joint


venture agreement.
Andrew Farkas, chairman
and chief executive of New
York-based Island Global
Yachting (IGY), reiterated that
his company would not wait
"much longer" to achieve an
agreement with the hotel's hold-
ing company, the British Colo-
nial Development Company,
which is now majority-owned
by Adurion Investment Man-
agement, a boutique Swiss/UK
investment house.
"The bottom line here for us
is that we remain committed to


the Bahamas, and will find one
way or another to develop a
Yacht Haven Grande here; not
dissimilar to the Yacht Haven
Grande we have just opened in
St Thomas," Mr Farkas told
The Tribune.
"However, to the extent we
are unable to convince Adurion
to stay with the original terms,
then we'll seek an alternative
venue."
He indicated that a search for
possible alternative sites to the
Hilton joint venture, which
would be situated on land


immediately to the west of the
downtown Nassau hotel, had
already begun.
When asked whether the
Hilton project was poised on a
"knife's edge", Mr Farkas con-
firmed this was an accurate
description. He acknowledged
that the project was still 'in lim-
bo', explaining that this was
because Adurion had decided
to change the terms of the joint
venture agreement after acquir-

SEE page 12B


Interest rates


under pressure


* By NEIL HARTNELL
Tribune Business Editor
THE Bahamian commercial
banking industry is waiting to
see whether the-Central Bank
of the Bahamas will increase
the Bahamian Prime rate, the
interest rate that most bank
loans are linked to, as the com-
petition to attract deposits
squeezes interest rate margins.
The Tribune has been told
that the liquidity crunch expe-
rienced by the Bahamian com-
mercial banking industry
towards the end of 2006 is at
the root cause of the pressure
that Bahamian prime, currently
at 5.5 per cent, is coming under.
Although this newspaper was
unable to contact commercial
bank managing directors and
chief executives before the
Easter weekend, many having
left New Providence for a
break, it understands that many
banks have been forced to


increase deposit rates in a bid to
attract new deposits that can be
used for onward lending pur-
poses.
The interest rates that com-
mercial banks charge on most
loans are linked to Bahamian
Prime, which has remained
unchanged as a deposit rates
have gone up. Interest earned
from loans represents a com-
mercial bank's core income,
while deposits are their chief
liabilities. While revenues
earned from loans are effec-
tively unchanged, interest pay-
ments that commercial banks
have to make on customer
deposits have increased.
As a result, the interest mar-
gins of commercial banks have
been squeezed, impacting their
profitability as they fight for
new deposits.
Sources suggested to The Tri-

SEE page 6B


Bahamas eco-friendly advantage in danger


* By CARA BRENNEN-BETHEL
Tribune Business Reporter
IF the Bahamas does not begin to take
more envirunuentall\-friendly measures it
could Ik. uits compt inie advantage as an
eco- friendly destination.
Christian Henry, chief financial officer
at the Cape Eleuthera Foundation, told
The Tribune that if the Bahamas did not
begintilm.ii' kl itsels-iore agercssi, el\ as'


Cape Eleuthera executive calls for right incentives
on renewable energy and conservation
Says support for alternatives will build from having
just two per cent of electricity supplied by them

an environmentally sensitive destination, 1
-other countries will take the lead and the SEE page 14B


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with 4 Prestigious Awards


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THE TRIBUNE


PAGE 2B, TUESDAY, APRIL 10, 2007


Now that the bell has rung


Last week Wednesday,
Parliament was finally
dissolved and general
elections were set for May 2,
2007. A mere 23 days from
today, elections will be all over
and the country will return to
some semblance of normality,
complete with the complex
challenges of governing.
Rent-a-crowd
However, for the next 23
days, there is nothing the aver-
age Bahamian voter likes more
than the run-up period to elec-
tions, with all its hype, rallies
and give-aways.
In Bahamian politics, great
emphasis is placed on the size
of the crowd attending a polit-
ical rally. Everyone wants to
be associated with a winner,
and there is absolutely no


doubt that the party generating
the bic',,ct crowd gets a
'knock-on' benefit of winning
over previously undecided vot-
ers.
Recognising this. political
strategists do all they can to
ensure massive attendance by
finding creative ways to draw
people out to political rallies.
Large sums of money are rou-
tinely spent on professional
stages, lighting, sound systems,
party paraphernalia, live musi-
cians and, to top it all off, won-
derful fireworks displays.
For the 'rent-a-crowd'
(RAC) crew, life simply could
not get any better. Where else
can you get a brand new t-shirt.
safe passage by chartered bus,
free food and drinks, first-class
Bahamian entertainment, juicy
political speeches and, alleged-


(: Financial




ly in some cases, a stipend for
attending a political rally?
Within the next 23 days, the
RAC crew may have as many
as 10 opportunities (some of
which will include Family
Island events) to ply their
trade. It should be noted that
seasoned RAC participants are
colour-blind and are just as
comfortable wearing one
coloured t-shirt as they are
wearing the next.
Therefore, candidates should
not become intoxicated just by
large turnouts at rallies but
should continue to work their
constituencies, because the
crowds could well be there
courtesy of your colleagues
and not necessarily for you.
Disturbing Trend
One disturbing trend that 1
have noted in recent weeks is
the insertion of voice-clips tak-
en from radio shows that are
being inserted into political
advertisements. 1 personally


* By Fidelity Capital Markets
IT was another slow trading week in
the Bahamian market, with only 20,373
shares changing hands. The market saw Il
out of its 19 listed stocks trade, of which
four advanced, one declined and six
remained unchanged.
Volume leader for the week was FINCO
(FIN) with 5,000 shares changing hands
and accounting for 24.54 per cent of the
total shares traded.
The big advancer for a second consecu-
tive week was Abaco Markets (AML), up


find this trend most unsettling,
especially if these voice-clips
are being used without the per-
son's express permission.
There should be boundaries
and rules of common decency
adhered to in using some-
body's voice and comments in
political advertisements.
If unchecked, a person who
participates in a radio, televi-
sion or other public pro-
gramme could find comments
made (in whole or in part) in
such a forum used by some
other organisation (to whom
you would not normally or
wish to be associated with), to
lend support or give the
impression of support to some
objective of that organisation
without your permission. This
is very dangerous indeed.
Electoral
Broadcasting Council
Outside of what voters read
in the newspapers or witness
at rallies, all that you see on
television or hear on radio will
be overseen by the Election
Broadcasting Council (EBC).
The Parliamentary Act 1992
calls for the establishment of a
three-member EBC, consist-
ing of a chairman and another
member both nominated by


the Prime Minister, and a
deputy chairman nominated
by the Leader of the Opposi-
tion.
1. The Parliamentary Act
cites the functions of the EBC
as:
a) To monitor the coverage
of the election campaign being
done by the Broadcasting Cor-
poration of the Bahamas
(BCOTB) for the purpose of
ensuring that there is accuracy
and fairness in the reporting
of the campaign.
b) To act as a board of
review to hear any complaints
made by a political party or
candidate at an election in
respect of a breach by the
BCOTB or its general man-
ager of the rules relating to
political broadcasts or adver-
tisements.
2. The Council, in exercising
its functions as a Board of
Review, may obtain oral or
written complaints and shall
deal with them expeditiously.
3. In the exercise of its func-
tions, under this section the
Council shall not be subject to
the direction or control of any
person or authority.
It must be remembered that


$0.06 or 6.52 per cent to close at $0.98.
Bank of the Bahamas (BOB) also
advanced by $0.35 or 4.05 per cent to end
the week at $11.59.
On the down side, Consolidated Water
Company's BDR declined by $0.08 or 1.65
per cent to close the week at $4.77.
The FINDEX increased by 1.99 points
for the week, to close at 793.36.

US ECONOMIC NEWS
Oil Price remains steady -


the Act was passed prior to the "
licensing of private radio and
television stations, so anything
that references the BCOTB
also applies to all licensed
radio and television stations.
By the time you read this
article, the members of the
EBC should be announced. I
would not at all be surprised
if one of the first complaints
lodged would be about the
unauthorised use of voice-clips.
Until next week...

NB: Larry R. Gibson, a
Chartered Financial Analyst,
is vice-president pensions,
Colonial Pensions Services
(Bahamas), a wholly-owned
subsidiary of Colonial Group
International Ltd, which owns
Atlantic Medical Insurance
Ltd and is a major shareholder
of Security & General Insur-
ance Company in the
Bahamas.
The views expressed are
those of the author and do not
necessarily represent those of
Colonial Group International
or any of its subsidiary and/or
affiliated companies. Please
direct any questions or com-
ments to rlgibson@atlantic-
house.com.bs


Crude oil was little changed amid con-
cern that US gasoline stockpiles will be
insufficient to meet demand during the
summer months when consumption peaks.
Gasoline inventories plunged 9.7 per
cent to 205.2 million barrels in the past
eight weeks, an Energy Department report
showed.
Crude oil for May delivery fell 10 cents
to settle at $64.28 a barrel. Futures
touched $68.09 a barrel on March 27, the
highest since September 6. Prices are down
2.4 per cent this week, and are 4.2 per-
cent lower than a year ago.


EVERY MONTH


GETS YOU


CLOSER TO


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


Life. Money. Balance both*


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


5 Scotiabank*

Scotiabank (Bahamas) Ltd. is seeking the services of:

SENIOR MANAGER HUMAN RESOURCES

With over 55,000 employees in over 50 countries, Scotiabank places great importance on
recognizing and rewarding strong performance. We offer room for advancement, a stimulating
work environment and the resources to help you make the most of your career. Together,
we continue to make Scotiabank a great place to work.

POSITION SUMMARY:

As the Senior Manager, Human Resources, you are a member of the senior management
team of Scotiabank (Bahamas) Ltd., with a focus on dealing with the strategic and tactical
Human Resources needs of a growing and profitable organization. This will include but
not be limited to: developing the HR strategy for the organization: working with the Bank's
support groups in the head office on the development of the annual total rewards program;
maintaining and developing a dynamic employee relations strategy: ensuring the effective
recruitment and orientation of new employees; managing the relationship between the
Bank and third-party service suppliers: and the identification of training needs and the
evolution of the training and development curriculum. You will need to be capable of
working in a highly cross-functional environment and be capable of managing tight time
lines and conflicting priorities. You are an exemplar of communication and relationship-
building skills, an excellent coach, and can effectively establish and maintain an open, co-
operative work environment.

Key accountabilities for this role:

Contribute to the achievement of the overall business objectives of Scotiabank
(Bahamas) Ltd.
Ensure the recruitment, development and maintenance of an engaged workforce.
Support people through and act as an agent of change in the environment.
Be prepared to liaise with a wide variety of Departments, balancing the needs of all
against the objectives and strategies of the Optimization program

QUALIFICATIONS:
Ten years of experience as a Human Resources professional.
A minimum of an undergraduate university degree, while a graduate degree or a.
major in Human Resources is an asset.
Experience in the financial industry is an asset.
Proven experience managing people.
Excellent and proven negotiation and conflict resolution skills are essential.
Ability to learn quickly, adapt to an ever changing environment and adapt to ever
changing priorities are essential.

OTHER INFORMATION:

IFrequent travel to the Family Islands
Occasional travel internationally.
Spanish Language is a bonus in an organization that is expanding rapidly in Spanish-
speaking countries.

The Scotiabank Group is an equal opportunity employer and welcomes applications from
all interested parties. We thank you for your interest, however, only those candidates
selected flr an interview will be contacted.

Qualified candidates only should submit applications in writing marked Private and
Confidential by Monday, April 30, 2007 to:
Manager, Manpower & Succession Planning,
P. 0. Box N-7518, Nassau, Bahamas or email scotiabank.bs


FIDELITY MARKET WRAP
















BUSINESS


zhe tMiami Heralt TUESDAY, APRIL 10, 2007


INTERNATIONAL EDITION


TELECOMMUNICATIONS


12,569314 +8.94 A C
1,4.:61 +0.85:,1 Concerns push Vonage shares down
2,469.18 -2.16 V


4.75 N/C 4
61.51 -2.77 V


Erratic


session


leaves


stocks


flat

.BY JBEL.BRUNO
'Associated Press
NEW YORK Wall Street
eped an erratic session essen-
flat Monday as investors
gwm'anxious about upcoming
Sfrst-quarter earnings and the
.possibility that interest rates
.w.n't be declining anytime
S"cn'n.'A$2 drop in oil prices lent
support to the major indexes.
With the market closed for
Good Friday, traders had their
first opportunity to react to
Labor Department data that
showed stronger-than-expected
job growth in March. The num-
bers indicated the economy
-,-might be in better shape than
Previously thought, and helped
ofet concerns about a contin-
ued slowdown in the housing
market
Takeover activity also pro-
vided some lift tothe markets,
with reports Dow Chemical has
been targeted by Middle East-
ern investors and U.S. buyout
firms in a deal that could be
worth $50 billion,
But upbeat news about the
'U.S. economy and corporate
-activity was interpreted by
*s me on Wall Street as reasons
f(o the Federal Reserve to hold
'off on cutting rates. And, with
corporate earnings season to
Jpin when Alcoa posts results
'Tfesday and profit growth
Levels expected to fall from pre-
vious quarters investors had
reason to be cautious.
"All things point to the Fed,
and now it looks like they are
going to put rates on the back
burner for a while after Friday's
numbers," said Jay Suskind,
head trader at Ryan Beck & Co.
"And, now the markets are
looking toward earnings reports
where expectations have
already been tempered."
According to preliminary
calculations, the Dow Jones
industrials rose 8.94, or 0.07
percent, to 12,56914.
Broader stock indicators
were mixed. The Standard &
Poor's 500 index edged up 0.85,
or 0.06 percent, to 1,444.61, and
the Nasdaq composite index fell
2.16, or 0.09 percent, to 2,46918.
The Russell 2000 index of
smaller companies fell 1.71, or
0.21 percent, to 811.64.
Monday's modest moves left
intact last week's advance; the
major indexes rose each day last
week and returned to positive
territory for the year. Most
major European markets were
closed Friday and Monday for
an extended Easter holiday.
The Labor Department
report showed nonfarm pay-
rolls rose by 180,000 in March,
above forecasts of 135,000. The
unemployment rate fell to
4.4 percent, a five-month low.
Should the economy be stron-
"ger than some analysts esti-
".inated, it could dissuade the
Central bankers from lowering
:'. interest rates in the near term.
Oil prices continued their
eep decline, with a barrel of
light sweet crude settling down
.$2.77 to $61.51 per barrel on the
New York Mercantile
Exchange.
S Tensions in the Middle East
pushed crude higher in recent
; weeks, and eased after Iran
released 15 British soldiers and
marines. There is also specula-
tion among traders that an
Energy Department report will
show higher-than-expected U.S.
inventories,.


* Investors' fears affected
Vonage stocks as the Internet
phone firm saw its stock prices
fall.
BY CRAYTON HARRISON
Bloomberg News
Shares of Vonage Holdings, the
Internet phone company that lost a
patent-infringement suit last month,
dropped 10 percent on concern the
company may be prohibited from
signing up new customers.
The stock declined 34 cents to
$3.03 at 4:02 p.m. in New York Stock
Exchange composite trading. Vonage
said today in a statement that a tem-
porary stay on a judge's ban on new


customers is the "first step" toward a
legal resolution in its favor.
A jury found in March that Von-
age infringed Verizon Communica-
tions' patents and should pay $58 mil-
lion and a 5.5 percent royalty.
Verizon claimed Vonage lured away
600,000 customers by copying tech-
nology such as voice-mail features, as
well as the method for allowing Inter-
net calls to reach traditional phone
lines.
"Shares will remain very volatile
until there's visibility around the
legal challenges," said Richard
Greenfield, an analyst at Pali Capital
in New York. He has a "sell" rating
on Vonage shares.


The U.S. Court of Appeals for the
Federal Circuit in Washington issued
the stay on April 6. U.S. District
Judge Claude Hilton in Alexandria,
Virginia, ordered the company ear-
lier that day to stop adding subscrib-
ers.
Vonage will post a bond of $66
million and will pay the 5.5 percent
royalty rate into escrow during the
appeals process. The company said it
believe it will win the case on appeal
and is developing technology to work
around Verizon's patents.
"We cannot envision how Vonage
continues operations unimpeded" if
it's unable to convince the appeals
court and can't produce an alterna-


TRADE


PHOTOS BY MANUEL BALCE CENETA/AP
ILLEGAL DVD: 'Piracy and counterfeiting levels in China remain unacceptably high,' said U.S. Trade
Representative Susan Schwab, shown holding a pirated DVD copy of Night at the Museum, during
a news conference Monday in Washington. The pirated material, made in China, was brought into
the country last week. The movie is to be released in the United States on April 24th.




U.S. to file two new trade



complaints against China


* The Bush administration will
file two complaints against
China at the World Trade
Organization aimed at stopping
what it said is piracy of
copyrighted U.S. products.
BY MARTIN CRUTSINGER
Associated Press
WASHINGTON The Bush
administration announced Monday
it is filing two new trade cases
against China over copyright piracy
and restrictions on the sale of
American movies, music and books
there.
The action, announced by U.S.
Trade Representative Susan
Schwab, represented the latest
move by the administration to
respond to growing political pres-
sure at home to do something about
soaring U.S. trade deficits.
Schwab said the United States
was filing with the World Trade
Organization a case that will chal-
lenge Beijing's lax enforcement of
violations of copyrights and trade-
marks on a wide range of products.
American companies contend they
are losing billions of dollars in sales
because of rampant copyright
piracy.
The second case will challenge
China's barriers to the sale of U.S.-
produced movies, music and books.
"Piracy and counterfeiting levels
in China remain unacceptably
high," Schwab said in announcing
the new cases. "Inadequate protec-
tion of intellectual property rights
in China costs U.S. firms and work-
ers billions of dollars each year."
The two new cases represent the
latest effort by the administration
to increase pressure on China now
that Democrats, many highly criti-
cal of China's trade practices, have
won control of the House and the
Senate.
The U.S. trade deficit set a


PIRATED PRODUCTS: Pirated materials from China are displayed
during a news conference in Washington.


record for a fifth consecutive year
in 2006 at $765.3 billion with
the imbalance with China climbing
to $232.5 billion, the highest ever
recorded with a single country.
In late March, the Bush adminis-
tration announced it was imposing
penalty tariffs on Chinese glossy
paper imports in a case that broke a
23-year precedent that had barred
U.S. companies from seeking pro-
tection from unfair subsidies pro-
vided by the Chinese government.
In February, Schwab announced
the administration was bringing a
WTO case against China on the
government subsidy issue.
The decision to go to the WTO
with the two new trade cases will
trigger a 60-day consultation
period during which trade negotia-
tors from both countries will try to
resolve the two disputes.
If that fails, WTO hearing panels


would be convened. If the U.S. wins
the cases, it would be allowed to
impose penalty economic sanctions
on Chinese products.
In a statement, the Motion Pic-
ture Association of America said
that American industries lost an
estimated $2.3 billion in revenue to
copyright pirates in China in 2005
with only one out of every 10 DVDs
sold in China a legal copy.
"China is, by virtually any and
every measure, the world's largest
marketplace for pirated goods,"
said MPA chairman Dan Glickman.
Mitch Bainwol, chairman of the
Recording Industry Association of
America, said that his industry wel-
comed the administration's deci-
sion to file the WTO cases. "The
theft of music is pervasive in China
and takes place virtually without
meaningful consequence." he said.


DOW30
S&P 500
NASDAQ
10-YR NOTE
CRUDE OIL


THE MARKETS
STOCKS, MUTUAL FUNDS, 8B


tive technology, Greg Miller, an ana-
lyst with Deutsche Bank in Green-
wich, Connecticut, said today in a
research note.
A work-around would require
changes to software from several
other companies and may involve
replacing customers' equipment, said
Clayton Moran, an analyst at Stan-
ford Group, in a research note.
"This could be a complicated,
time-consuming process," said
Moran, who is based in Boca Raton,
Florida, and has a "hold" rating on
the stock.
Vonage shares have lost more than
80 percent of their value since they
were first sold in May at $17.

ECONOMY


Foreign


demand


may bail



out U.S.

* Breaking tradition, the United
States may need help from the
rest of the world as its economy
flounders and there Is little sign
of weakness in major economies
outside the U.S.
BY SIMON KENNEDY
Bloomberg News
The flagging U.S. economy may
get by with a little help from its
friends.

ga Teliihe to an America weighed "
down by the housing slump and weak
business investment. With exports
accelerating and imports shrinking,
trade this year may add to growth
instead of subtracting from it for the
first time in more than a decade.
"Had it not been for the rest of the
world, the U.S. economy might be
seriously floundering," says Stephen
King, chief economist at HSBC Hold-
ings in London.
That's a change from the past 40
years, when the U.S. powered the
world economy through financial cri-
ses elsewhere but gained little thrust
from abroad when demand turned
weak at home. Back then, when the
U.S. sneezed, the rest of the world
caught a cold; "nowadays, when the
U.S. sneezes, the rest of the world
goes shopping," King says.
The shift gives central bankers
and finance ministers of the Group of
Seven, the world's biggest industrial-
ized economies, reason for optimism
as they meet in Washington this
week.
The big differences now: The
housing slump that's dragging down
demand in the U.S. is having little
impact beyond the country's borders,
while other economies are generat-
ing enough demand on their own to
prop up growth elsewhere.
"The U.S. slowdown has had little
discernible effect on growth in most
other countries," the International
Monetary Fund said in a report last
week.
That could change if the housing
recession does more damage than
most economists now expect to the
rest of the U.S. economy. The U.S.
still accounts for a fifth of the global
economy and is its biggest importer.
Even though the importance of the
U.S. market has diminished, there's
still danger of "spillover" from a
slowdown in the world's largest
economy because so many compa-
nies and investors in the rest of the
world have ties to American busi-
nesses and markets, the IMF report
says.
Stephen Roach, chief global econ-
omist at Morgan Stanley in New
York, also doubts that consumers
elsewhere wield big enough spending
power to compensate for softness in
the U.S.
"The global economy is likely to
be a good deal weaker than the
decoupling crowd would lead you to
believe," says Roach.
SSo far, though, there's little sign of
weakness in major economies out-
side the U.S. The 13 nations that share
the euro are being buoyed by record
low unemployment and the highest
confidence in six years. Japan's econ-
omy, after wobbling at the end of last
year, is also extending its longest
expansion since World War II.


___11_1__________1___------


--


I Mote .T"T~-a I ~raal~r


... ,. ..-r














MiamiHerald.com I THE MIAMI HERALD


S&P500 +.85 NASDAQ .1 DOW +8.94 6-MO T-BILLS 11 30-YR T-BONDS ~a +.05 GOLD -2.30 EURO CRUDE OIL '2.7
1,444.61 2.469.18 16 12,569.14 94.89% 4.91% $671.90 1.3360 V -.0018 $61.51




Money&Markets


S 2,700 2,480


_ Z...... . .. . . . 2,B' ..60 0 -. . . . ... .


1,450 ... .... ......... ..... A S.... 2,360 ........... AY ..






1,350 ........ ....... S&P 500 2,300 Nasdaq composite
Close: 1,444.61 : Close: 2,469.18
Change: +0.85 (+0.1%) 200 Change:-2.16 (-0.1%)
1,3 0 0 .............. ...... ..... ..... ... ........ ................... .. .... .. ..... 2 ,2 0 0 .... .. ... ........ ..... .. . .............. ...........
0 N D J F M A 0 N D J F M A


StocksRecap HIGH LOW CLOSE CHG. %CHG. WK MO QTR YTD


NYSE NASD DOW Trans. 5069.62 4917.53 5010.10 +93.04 +1.89% A A
DOW Util. 514.15 510.27 513.60 +3.26 +0.64% A A
Vol. (in mil.) 2,320 1,687 NYSE Comp. 9450.27 9422.45 9429.21 +2.64 +0.03% A A
Pvs. Volume 2,312 1,517 NASDAQ 2478.68 2464.57 2469.18 -2.16 -0.09% A A
Advanced 1624 1339 S&P 500 1448.10 1443.28 1444.61 +0.85 +0.06% A A
Declined 1673 1705 S&P 400 864.39 860.27 862.53 +0.74 +0.09% A A
New Highs 304 146 Russell 2000 814.31 809.92 811.64 -1.71 -0.21% A A
New Lows 17 56 Wllshire 5000 14680.99 14629.27 14648.08 +7.70 +0.05% A A


Name Last Chg
ABB Ltd 17.86 -.04
ABN Amro 45.35 +.81
ACE Ltd 57.53 +.24
AES Cp If 22.28 +59
AFLAC 48.13 +.21
AMR 33.12 +.77
ASML Hid 25.58 -.10
AT&T Inc 39.33 +.06
AU Optron 15.49 +.11
AXA 43.55 -.09
AbtLab 57.21 +.19
AberFitc 76.49 -.74
Accenture 3833 -.31
Adecco 16.20 -.15
AdobeSy 42.70 +.09
AMD 13.35 +.49
Advantst rs ,48.47 +1.81
Aegon 20.54 -.05
Aetna 45.31 +31
Agilent 35.06 +.35
Ahold 12.24
AFrance 49.00 +30
AirProd 75.25 +.79
AkamaiT 51.66 +.69
Akzo 76.82 -.29
Alcan 53.51 +31
AlcatelLuc 12.35 -.04
Alcoa 34.87 +28
Alcon 138.27 +26
AlIgEngy 50.69 +.33
AllegTch 11334 +2.48
Allergan 113.61 +.09
AlliBem 91.04 +.74
Allianz 21.36 +.05
Aldlrish 57.39 +.06
Allstate 6036 +.04
AlItel 62.61 +.02
AltanaAG 6723 -.12
AlteraCpl f 2021 -.24
Altrias 69.90 -.85
Alumina 24.52 +25
AmBevC 54.84 +.65
AmBev 57.10 +.89
Amazon 41.66 -.02
AmbacF 86.05 +.17
Amdocs 36.75 +.11
SAmireh 50.16 -3f3
AMovilL 50.55 +.81
AMovilA 50.45 +.67
AmCapStr 45.65 +.04
AEagleO s 29.63 -27
AEP 49.57 +.73
AmExp 56.36 +.40
AmIntGp If 67.23
AREst 116.50 -.09
AmStand 53.29 +.40
AmTower 39.33 +.03
Ameriprise 59.92 +.38
AmeriBrg 53.75 -.26
Amgen 57.19 -1.14
Amvescp 22.93 +.18
Anadark s 44.47 +.17
AnalogDev 36.16 +.03
AngloAm 27.10 +.08
AnglogldA 45.76 -.24
Anheusr 51.71 +.61
Aon Corp 38.48 -.13
Apache 72.19 +.10
ApolloG If 4325 -1.14
Apple Inc 93.65 -1.03
ApldMati 18.65 -.03
ArcelorMit 54.57 -.25
ArchDan 37.74 +.72
ArchstnSm 54.56 -.08
Assurant 55.75 -125
AstraZen 54.33 -.26
AustNZ 12121 -.20
Autodesk If 38.84 -.71
AutoData 44.56 -.92
AutoZone 130.18 +.55
AvalonBay 130.20 -.30
AveryD 6427 +.10
Avon 3856 -.10
BASF 116.26 -23
BB&T Cp 40.41 -.39
BCEgn 2823 -.44
BG Grp 71.80 -.41
BHPBillLt 49.63 +.15
BHPBil plc 46.04 +.27
BJ Svcs 28.06 -.20
BMC Sft 31.18 +.10
BP PLC 64.84 -.41
BT Grp 61.12 -34
BakrHu 67.17 -.57
BcBilIVArg 24.73 -.07
BcBrades s 20.71 +.24
Bncoltau 37.05 +.45
BcoSnCH 18.43 -.02
BcSanChile 5152 +.59
BkofAm 50.86 +.01
Bklrelnd 86.43 -.27
BkMont g 61.28 +.28
BkNY 40.96 +.15
BkNova g 4657 +.02
Barclay 57.90 -.28
Bard 81.73 -.24
BarrickG 29.18 -.15
Baxter 54.37 +.33
BayerAG 65.91 -.06
BearSt 149.00 -1.40
BectDck 77.90 -.52
BedBath 41.39 +.18
Berkley 32.61 -.34
BerkHaA 109000 +151
BerkH B 3635 +9
BestBuy 48.23 -.22
Biogenldc 44.39 -.63
Biomet If 42.73 -.05
BlackRock 155.37 -1.14
BlockHR 21.03 -.15
Boeing 90.03 -.47
BostProp 118.74 +.65




Name Last Chg
MegaUranmo 8.16 +1.75
CdnZinco .92 +.06
QuadraMng 11.90 +355
Inflazyme .07 -.01
Crystallexo 4.90 +.20
CamecoCorp 54.06 +.95
CandaxEngy .60 +.08
UEXCorpo 7.42 +.26
TalismanEgy 21.14 +.16


Name Last Cig
BostonSci 14.94 -.03
BrMySq 27.66 -.16
BritAir 101.12 +.13
BritATob 62.86 -.33
BritSky 44.43 -.28
Broadcom 32.41 -.57
BrkfldAs gs 55.54 +.78
BrkfldPrp 40.25 -.20
BungeLt 76.81 -.28
BurlNSF 88.08 +5.36
CA Inc 26.24 -.11
CB REllis s 34.09 -.39
CBOT 189.92 -1.66
CBS B 31.20 +.18
CH Robins 48.75 -.09
CIGNA 147.66 +.04
CIT Gp 53.94 -.16
CNA Fn 44.69 +.28
CNH Gbl 37.07 -.24
CNOOC 88.30 +.10
CPFL En 45.68 +1.94
CRH 44.83 +.17
CSX s 41.86 +.90
CVS Care 34.90 +.17
CabIvNY s 30.70 -.26
CadbyS 52.30 -.14
Cameco gs 46.88 +.73
Cameron 63.57 +.24
CampSp 38.55 +.12
CIBC g 88.11 +.41
CdnNRy g 46.47 +2.18
CdnNRs g 56.49 -.33
CP Rwy g 57.39 +1.63
Canon s 55.00 +.58
CapOne 73.43 +.07
CardnlHIth 73.28 -1.25
Carnival 46.49 -.26
CamUK 48.02 -21
CarolinaGp 77.30 -1.31
Caterpillar 67.34 -29
Celgene 58.90 +.87
Cemexs 33.33 +.34
Cemig 50.31 +.39
ChesEq :- 3239 +.08
Cte*rn 75.49- -.12'
ChiMerc 55050 -3.00
CdiniLfe s '4423 +.73
ChinaMble 46.33 +.94
ChinaNet 51.63 +.23
ChinaPet 88.62 +.55
ChinaTel 50.54 +.55
ChinaUni 14.83 +.18
Chubb s 52.00 +.01
ChungTel 19.94 +.14
CinnFin 42.63 -.34
Cisco 2620 +.14
Citlgrp 51.58 +.01
ClearChan 35.55 -.13
ClearCh 26.86 -.20
Clorox 64.28 +.55
Coach 51.30 -.10
CocaCE 20.46 -.08
CCFemsa 38.04 +.66
CCHellen 40.79 -.21
CocaCI 49.63 +.11
CogTech 86.04 -.72
ColgPal 66.71 +.08
Comcast s 26.46 -.15
Comcsps 25.98 -.04
Comerica 59.42 -.19
CmcBNJ 33.00 +.08
CVRD s 40.06 +.31
CVRD pf s 33.45 +.12
CompsBc 69.41 -.05
CompSci 53.55 -.25
ConAgra 24.93 +.20
ConocPhil 68.42 +.46
ConsolE s 42.48 +.24
ConEd 52.14 +.09
ConstellEn 89.00 +1.00
Coopers 45.94 +.14
Corning 23.52 -.07
Costco 54.82 -.06
CntwdFn 34.20 +.54
CoventryH 58.40 -.05

CredSuiss 71.84 -.46
CrwnCstle 32.82 +.56
Cummins 147.48 -.22
DJIA Diam 125.65 +.19
DR Horton 22.04 +.03
DTE 48.57 +.16
DaimlrC 84.47 -.33
Danaher 70.98 -.29
Danone 36.48 +.15
Dassault 54.89 -.18
Deere 108.62 +1.05
Delhaize 95.62 -.24
Dell Inc If 23.71 +.20
DeutschBk 137.49 -.26
DeutTel 17.27 -.05
DevDv 64.21 +.32
DevonE 72.95 +1.07
Diageo 81.94 -.01
DiaOffs 81.69 -.61
DirecTV 23.58 +.07
Disney 34.91
DollarG 21.22 +.18
DomRes 90.20 +.06
DonlleyRR 37.36 +.51
Dover 48.74 -.41
DowChm 46.63 +2.16
DuPont 49.68 +.36
DukeEgy s 20.81 +.14
ETrade 21.44 -.16
E.ON AG 48.84 +.07
eBay 33.74 +.03
EMC Cp 14.38 -.06
ENI 64.87 -.40
EOG Res 74.39 -.36
EKodak 23.22 -.22
Eaton 85.51 +.07
EchoStar 45.14 +.43



Name Last Chg
VictoryNklo .86 +.09
AlgonquinUn 8.28 -.05
YamanaGIdo 17.09 +.03
BluePearlMng 13.75 +.39
CoalcorpMino .65 +.02
LionoreMng 19.22 -.28
Bk NS 53.73 +.20
UraMinlnc J 7.00 +.20
NorOriono 5.39 +.36


VidelyHeldStock
Name Last Chg

Ecolab 43.81 +.08
Edisonint 51.62 +.49
ElPasoCp 14.68 +.02
Elan 14.48 +.53
ElectArts 51.50 -.44
EDS 27.70 -.01
Embarq n 56.01 -.49
EmersnEI s 42.72 -.09
EEIChile 42.68 +1.21
Enbridge 32.45 -.04
EnCana 51.91 -.16
Endesa 53.51 -.22
Enel 55.68 -.15
EngyTEq 36.82 +.20
EngyTsfr 58.22 -.18
Enersis 17.02 +.33
ENSCO 54.72 -.63
Entergy 110.35 +1.05
EntPrPt 32.09 +.02
EqtyRsd 49.37 +.04
EricsnTI 37.49 -.03
EsteeLdr 49.25 -.04
Exelon 72.08 +.38
Expedia 23.81 -.21
ExpdIntl s 42.44 +.01
ExpScripts 85.88 +.05
ExxonMbl 76.80 -.42
FPL Grp 61.75 +.35
FannieM If 54.43 +.10
FedExCp 109.26 +.44
FedrDS s 46.31 +.31
Fiat 25.93 +.02
FidNInfo 47.71 -.17
FifthThird 38.27 -.53
FirstData s 32.38 +.09
FirstEngy 68.25 +.20
Fiserv 54.27 -.76
Flextrn 11.05 +.03
Fluor 91.72
FEMSA 116.40 +1.31
FordM 8.08 +.07
ForestLab 54.46 +.16
FortuneBr 78.64 -.05
FranceTel 27.39 -.07
FrankRes 125.72 -.07
FredMac 59.63 -.25
FMCG 68.98 +1.41
FresenM 49.85 -.16
Fujifilm 42.40 +.78
Gallaher 88.73 -.33
Gannett 57.42 +1.45
Gap 18.39 +.75
Garmin s 53.76 -.31
Genentch 82.64 -.76
GenDynam 78.52 +.41
GenElec 34.78 -.24
GnGrthPrp 64.87 +.70
GenMills 58.55 -.20
GnMotr 32.00 +.10
GenuPrt 49.81 +.19
Genworth 35.06 -.09
Genzyme 60.82 -.71
Gerdau s 19.63 +.76
GileadSci 77.70 -.62
GlaxoSKIn 56.12 -.12
GlobalSFe 63.22 +.51
GoldFLtd 19.16 -.02
Goldcrp g 25.51 -.16
GoldmanS 208.94 +1.01
Goodrich 52.03 -.74
Google 468.21 -3.30
Graingr 77.42 -.09
GrantPrde 49.73 -.11
GpTelevisa 31.04 +.21
HDFC Bk 67.62 +.54
HSBC 89.78 +.10
Hallibtn s 32.60 -.34
Hanson 80.54 -.07
HarleyD 62.16 +.60
Harman 99.43 -.18
HarmonyG 15.49 -.03
HarrahE 85.03 +.13
HarrisCorp 50.75 -.36
HartfdFn 97.33 +.16
HlthCrPr 36.52 +.27
HealthNet 56.80 -.27
HSCardDv n 25.05 -.03
HSDiag n 25.69 -.10
HSECanc n 28.89 +1.89
HSETech n 26.56 -.02
HSPatCre n 27.42
Heinz 47.49 +.01
HellnTel 14.06 +.04
Hershey 55.34 -.88
Hertz n 24.17 +.19
Hess s 55.08 -1.21
HewlettP 41.34 -.46
Hilton 36.91 -.17
Hitachi 78.77 -.13
HomeDp 38.08 +.06
Honda 35.30 -.19
HonwIllntI 47.11 -.15
Hospira 40.72 -.21
HostHotls 26.77 -.12
HuanPwr 40.11 -.51
HudsCity 13.66 +.01
Humana 63.07 +.46
HutchTel 30.59 +.10
IAC Inter 38.20 +.38
ICICI Bk 38.64 +.28
ING 43.21 -.11
iShJapan 14.66 -.02
iShDJDv 72.26 -.04
iShSP500 144.72 +.18
iShEmMkt 120.77 +.47
iSh EAFE 77.68 -.06
iSR1KV nya 84.40 +.15
iShR2K nya 80.57 +.13
ITT Corp 62.03 +.26
ITW s 52.49 +.17
ICI 43.02 +.02
ImpOil (is 38.26 +.52


Name Last Chg

ImpTob 89.08 -.13
IndoTel 45.36 +.24
Infineon 15.59 -.05
Infosys s 52.56 +.73
IngerRd 43.75 +.14
Intel 20.10 +.52
IntcntlEx 128.50 -.38
IntCtlHtI rs 25.28 -.09
IBM 96.62 +.10
IntlGame 40.38 -.23
IntPap 37.06 +.27
IntlPower 82.20 -.22
I Tr M -.-4
Ipsco g 132.42 -.17
JPMorgCh 49.00 +.23
JohnJn 61.63 +.08
JohnsnCtl 97.30 +.33
JnprNtwk 20.79 +.22
KLA Tnc 55.53 -.32
KPN 16.33 -.07
KT Corp 22.37 -.05
Kellogg 51.78 +.01
Keycorp 37.54 -.07
KeySpan 41.42 +.06
KimbCIk 70.11 +.45
Kimco 48.77 +.07
KindME 55.26 +35
KindMorg 106.80 +.01
Kohls 78.47 +.09
Kookmin 93.46 +1.62
KoreaElc 20.82 -.18
Kraft 31.31 -.27
Kroger 29.22 +.11
Kubota 44.11 +.17
Kyocera 98.35 +1.94
L-3 Corn 89.15 -1.00
LG Philips 17.77 -.54
LabCp 73.68 +.48
LafargeSA 40.11 -.11
LamRsch 49.33 -.07
LVSands 88.58 -.32
Leggtason 96.32 -.64
LehmanBr 72.29 +.85
LeucNatl s 29.66 -.01
Level3 6.26 +.13
LibGlobA 34.91 +.08
LibGlobB 34.89
LibGlobC 32.95 +.18
LibMIntA n 24.02 -.78
LibMCapA n 112.70 +1.24
LillyEli 55.58 +.10
Limited 26.86 +.09
LincNat 68.09 +.01
LinearTch 31.82 -.18
LloydTSB 45.23 -.12
LockhdM 98.03 +1.32
Loews s 46.63 -.18
Lowess 31.50 +.11
Luxottica 32.31 -.19
Lyondell 31.43 +23
M&T Bk 105.27 -.72
MBIA 65.84 -.07
MEMC 60.41 -1.03
MGMMir 72.57 +.50
Macerich 94.07 +.11
Magnal g 78.63 +.92
Manpwl 74.59 +1.45
Manulif gs 35.40 +.13
Marathon 101.93 -.86
MarintA s 49.85 -.17
MarshM 29.23 -.11
Marshlls 48.25 -.38
MartMM 138.68 +.45
MarvellT slf 17.00 -.18
-Masco 26.89 -.29
MasterCd n 108.34 +.33
Matsush 20.84 -.02
Mattel 29.28 -.37
Maxim If 29.15 -.55
McDnlds 46.49 +.71
McGrwH 61.97 +.29
McKesson 58.56 -.36
Medlmun 36.76 +.38
MedcoHlth 73.99 +.04
Medtrnic 48.95 -.18
MellonFnc 43.48 +.11
Merck 45.65 +.11
MrkSerono 22.34 -.15
MerrillLyn 86.78 +.70
MetLife 63.87 +.04
Metso 53.71 -.11
Microchp 36.15 -.16
MicronT 11.18 -.33
Microsoft 28.57 +.02
Millea s 37.64 +.18
Millicomlnt 83.57 +.27
Mirant 44.08 +3.44
MitsuUFJ 11.56
Mitsui 358.00 -6.36
MizuhoF n 13.16 -.06
MobileTel 60.72 +2.02
MoisCoorsB 94.80 -.09
Monsanto s 58.29 +.74
Moodys 61.78 +.67
MorgStan 80.30
Mosaic If 29.10 +.28
Motorola 17.65 +.06
MurphO 53.16 -.71
NCR Cp 48.05 +.13
NEC 5.61 +.05
Nil HIdg 78.73 +1.04
NIS Grp s 5.69 -.11
NRG Egy 76.63 +2.65
NTTDoCo 18.08 -.54
NYMEX n 129.08 -2.43
NYSE Eur 96.05 -.69
Nabors 30.15 -.26
NasdlOOTr 44.45 -.11
Naspers 25.80 +.17
NtAust 168.43 +.08
NBkGreece 11.26 +.02


TorontoStockExchange
Name Last Chg Name Last Chg
PinetreeCapo 14.65 +1.87 FarallonReso .64 -.01
TimmincoLtd 2.85 -.09 CentaminOrd 1.00 +.07
CdnNatRail 53.58 +2.68 QuestCapital 3.15
BombdrBSV 4.66 +.02 EldoradoGld 7.04 -.06
PaladinOrdo 9.90 +.21 CaledonlaMng .16 +.01
EqnoxMnrlso 2.44 ... BreakwaterRes 2.04 +.07
ConjuChemBio .63 +.04 KinrossGold 16.42
SilverWheaton 12.35 +.50 UTSEngyCorp 4.17 -.09
MolyMnsOrdo 4.48 +.68 KhanReso 4.87 +.18


A +0.85%
A +9.87%
A +12.44%
A +3.18%
A +2.23%
A +1.86%
A +7.23%
A +3.04%
A +2.74%


Name Last Chg
SearsHldgs 186.90 +2.35
SempraEn 62.25 +.85
ShawC g 38.37 +.35
Sherwin 66.36 +.54
Shinhan 119.24 +.43
Shire 63.26 +.10
SiderNac 44.05 +.35
Siemens 111.23 -.76
SimonProp 114.03 +.39
Smith&N 62.81 -.22
SmithIntl 49.29 -.26
Sodexho 74.00 -.19
SonyCp 53.25 +1.13
SouthnCo 37.31 +.11
SthnCopp s 76.03 +1.17
SwstAirl 15.13 +.05
SwstnEngy 42.13 +.43
SovrgnBcp 24.63 -.29
Spectra n 26.03 +.17
SprintNex 19.27 -.33
SPDR 144.44 +.20
SP Mid 156.95 +.70
Staples 26.55 +.18
Starbucks 31.14 -.26
StarwdHtl 68.70 -1.38
StateStr 66.99 +.13
Statoll 27.10 -.17
StoraEnso 17.47 -.08
Stryker 68.49 +.21
Suez 54.15 -.21
SunLfFn g 45.95 +.01
SunMIcro 5.93


Name Last Chg Suncor g 76.58 -.92
NatlCity 36.14 -.47 Sunoco 74.09 -.08
NatGrid 80.10 -.27 SunTrst 79.88 -1.34
NOilVarco 79.63 -.19 Supvalu 39.68 +.93
NatSemi 24.59 -.13 Swisscom 35.85 -.43
NetwkAp 36.07 -.44 Symantec 16.95 +.03
NewellRub 31.06 -.26 Syngenta 40.10 -.22
NewmtM 43.57 -.06 Synovus 32.56 -.17
NewsCpA 23.47 +.11 Sysco 33.44 +.19
NewsCpB 25.02 +.13 TD Ameritr 15.31 +.05
Nexen g 61.81 -.72 TD Bknorth 32.25 +.05
NiSource 25.04 +.19 TDK 89.90 +1.15
Nidec 16.53 +.34 TJX 28.07 +.18
NikeB wi 53.90 +.42 TNT NV 46.20 -.12
NippnTT 26.09 -.38 TXU Corp 64.30 +.09
Nissan 21.82 +.04 TaiwSemi 10.87 -.10
NobleCorp 81.17 -.29 TalismE gs 18.30 +.06
NobleEn 61.30 -.01 Target 61.38 +.27
NokiaCp 2354 TataMotors 16.59 +.32
Nomura 19.95 -.20 Technip 74.02 -.75
Nordstrm 54.59 +.46 TeckCm gn 73.75 +1.62
NorflkSo 52.89 +1.91 TelcNZ 27.73 -.14
Norsk s 32.95 -.33 Telltalia 32.46 -.07
Nortel lfrs 24.15 -.32 TelltaliaA 25.96 -.14
NorTrst 60.83 -.22 TelBrasH 32.10 +1.25
NorthropG 75.73 +.68 TelSPaulo 25.92 +.02
Novartis 55.30 -.46 TelefEsp 67.99 -.02
NovoNdk 92.27 -.47 TelMexL 36.26 +.64
Nucors 67.50 +.99 TAustria 51.76 +.05
Nvidia 30.34 -.56 Telenor 55.70 -.27
OcciPet s 49.68 -.27 TelData 59.74 +.30
OffcDpt 35.14 +.28 Telkom 98.00 +.11
Omnicom 102.40 -.86 Telstra 19.09 -.01
Oracle 18.57 -.10 Telus g 50.24 +24
Orix 132.84 +30 Templeln 60.92 +.22
PG&E Cp 4938 +03 Tenaris s 4640 +.26
PNC 72.61 -.16 Terex s 72.78 +.78
POSCO 105.86 -.50 Tesoro 107.56 +1.77
PPG 71.81 +.75 TevaPhrm 37.81 -.09
PPL Corp 43.10 +.27 Texnst 30.82
Paccars 74.64 -.07 Textron 92.56 -.06
ParkHan 87.64 +.02 ThermoFis 48.45 -.18
Paychex 37.66 -.23 Thomson 41.40 +.12
PeabdyE 4V7 1e"- 3M Co.. -76.83 +.08
Pearson 1*2 -.11 Tiffany 48.&77 +1358
PennWsn 2945 T27 W Cable n 16.95 -.05
Penney 4 89 -1.37 timeWarn 21.01 -.03
PeopBCT 44.41 +.15 Trchmrk 65.26 -.23
PepsiBott 32.00 -.35 TorDBk g 60.34 +.14
PepsiCo 62.99 -.69 Total SA s 70.03 -.73
PetroCg 39.75 -.15 TotalSys 32.44 -.13
PetChina 117.91 -.20 Toyota 126.29 -.20
PetrbrsA 91.12 -.01 TrCdag 33.21 -.22
Petrobrs 102.62 +.47 Tanson 82.36 +.26
Pfizer 26.00 + 16 Travelers 52.84 +.05
Pfizer 26.00 +.16
PhilL 53.45 +.10 Tribune 32.75 -.08
PhilipsEl 38.92 -23 Turkcell 14.25 +.23
PhilipsEl 3&i92 -.23 Tycolntl 31.99 -.16
PitnyBw 46.12 Tcont 31.99 -.16
PlainsAA 57.43 -.15 Tyson 19.63 -.05
PlumCrk 39.50 +.01 UBSAGs 6027 -
Polo RL 92.97 +.37 UPM Ky 25.48 -.11
PortglTel 13.65 +.03 UST Inc 60.00 -.07
Potash 16933 +.0 UltraPt g 54.44 +.37
Poash 1 69.723 +.24 UUniao 92.94 +.27
Praxair 63.72 +.24 UnilevNV s 29.29 -.17
PrecCastpt 106.29 -.62 Uiev s .9 -1
T +2 Unilever s 30.09 -.18
PriceTRs 470 +.24 UnionPac 107.15 +3.95
PrinFncl 60.31 -.32 UnBnCal 62.28 +.09
ProctGam 63.26 +26 UtdMicro 3.31 +.02
ProgrssEn 50.89 +.09 UPSB 70.09 -.17
ProgCp s 21.69 -.27 US Bancrp 34.68 -.17
ProLogis 66.08 +. US Cellular 73.40 -.08
Prudentl 91.68 +.02 USSteel 103.24 +.52
Prud UK 29.31 -.10 UtdTech 65.06 +.13
PSEG 86.80 +1.65 UtdUtilsech 6530.00 -.32
PubStrg 96.17 -.46 UtdhlthGp 54.88 -.45
PulteH 26.590 -.05 UnumGrp 23.98 +.23
Pulte 426.90 -.05 VF Cp 85.25 -.55
Qualcom 42.68 -.62 ValeroE 67.15 +1.14
QstDiag 51.25 -.05 VarianMed 48.55
Questar 93.47 +.65 VeoliaEnv 76.02 -.27
QwestCm 8.95 -.16 Verisign 26.02 +37
Raytheon 54.42 +.38 VerizonCm 38.00
Realogyn 29.96 +.07 ViacomB 41.00 +31
ReedElsNV 36.03 -.05 VimpelCm 99.59 +2.72
ReedEls plc 48.63 -.17 Vrgndah 25.11 +.01
RegionsFn 34.74 -.54 Vodafone 27.00
ReliantEn 21.76 +.74 Volvo 84.50 +.32
Repsol 34.07 -.24 Vornado 120.75 +.61
RschMotn 146.26 +.49 VulcanM 118.12 -.34
ReutrGrp 58.12 -.38 WPP Gp 76.30 -.11
ReynAmWs 63.47 -.87 PP Gp 76.30 -.11
ReynAmker 63.4730 -.2087 Wachovia 54.06 -.42
Rinker 75.30 -.20 WalMart 48.47 +.20
RioTinto 240.56 +1.35 Walgrn 46.60 +.36
RockwlAut 58.16 +.09 WA Mut 39.25 -.56
RockColl 66.99 -.08 WsteMInc 34.43 -.10
RogCm gs 34.17 +.07 Weathfdint 47.27 +.36
RoHaas 52.75 +.25 WellPoint 82.25 +.33
Rostele 52.43 +.42 WellsFgo s 34.37 -.07
RoyalBk g 51.10 +.01 WstnUn n 23.02 +.15
RylCarb 42.49 -.05 Westpac 106.80 -.85
RoyDShlB 66.91 -.38 Weyerh 76.21 +.45
RoyDShllA 66.60 -.44 Whrlpl 87.26 +.99
Ryanalr s 45.81 -.07 WholeFd 44.81 -.57
SAP AG 46.36 -.36 WmsCos 28.32 -.11
SEIInv 62.22 -.08 Windstrm 14.85 -.06
SK Tlcm 23.47 Wipro 16.27 +.50
SLGreen 139.23 +2.39 Wolseley s 25.00 +.09
SILM Cp 41.57 +.13 WooriFn 74.29 -1.02
sT MSTech 56.70 -.12 Wrigley 51.27 +13
STMicro 19.87 -.08 Wyeth 52.94 +.08
Safeco 64.76 -.70 Wyndhanm n 34.70 -.01
Safeway 37.18 +.86 Wynn 101.08 +2.39
Stfude 38.46 XL Cap 69.78 -.32
SanDisk 4403 -.47 XTO Engy 56.00 -.24
Sanofi 43.55 -.4 XcelEngy 24.69 +.02
SaniX 43.55 4 erox 17.30 -.04
SaraLee 16.99
Sasol 33.20 +.10 Xilinx 25.96 -.07
Satyams 23.63 +.28 YPF Soc 44.01 +.03
S s i +28 Yahoo 31.64 -.32
SchergPI 26.29 +.43 Ya
Schlnbrg 71.57 -.27 YumBrds 59.03 +.20
Schwab 19.19 +.06 Zimmer 88.31 +.26
ScotPwr n 64.49 -.12 onBp +
SeagateT 23.46 +.19


Name Last Chg
DenisonMines 15.36 +.13
YellowPgsUn 13.79 -.07
GatewayUn 25.00 -.05
LundlnMng 15.25 +.08
ChromosMolo .04
FirstNickelo 1.31 +.04
EasternPlat 2.13 -.02
Goldcorplnc 29.43 -.04
CarpathianJ 1.24


Name Last Chg
NuinscoReso .48 +.01
RioNarceaGId 5.10 -.01
SXRUranlumJ 18.30 +.35
TiominReso .12
Queenstake .16 ..
MDS Inc 21.94 +.18
Dynatec 3.86 +.17
CampbellRes .14 -.01
HudBayMnrls 21.62 +.19


Interestrates NET 1YR
TREASURIES YEST PVS CHG WK MO QTR AGO
3-month T-bill 4.88 4.73 +0.15 V V A 4.58
6-month T-bill 4.89 4.78 +0.11 A V A 4.68,,
f l 1-year T-note 4.97 4.88 +0.09 A A A. 4.8 9
2-year T-note 4.72 4.60 +0.12 A A V 4.84-
5-year T-note 4.65 4.56 +0.09 A A A 4.84'
10-year T-note 4.74 4.67 +0.07 A A A 4.91
30-year T-bond 4.91 4.86 +0.05 A A A 4.98-


PRIME FED
RATE FUNDS
YEST 8.25 5.25
PREV 8.25 5.20
WKAGO 8.25 5.31


Commodities


Foreign
Exchange



I DN


3TJ


NET 1YR ,
BONDS YEST PVS CHG WK MOQTR AGO, ,,
Lehman Bros Bond Idx4.95 4.89 +0.06 A A A 5.09 *.
Bond Buyer Muni Idx 4.65 4.61 +0.04 A A V 4.81 ,, ,,
Lehman US Inv Grade 5.30 529 +0.01 A A 5.49,,r
Lehman US High Yield 7.62 7.62 .. A A V 8.13, ,
Moodys Bond Index 5.54 5.47 +0.07 A A A 5.68
Bank Index 113.11 113.52 -0.41 A V V 107.55, ,
DJ Corp Bond 197.89 198.46 -0.57 V V A 185.90


COMMODITY CLOSE PVS. %CH. %YTD
Unleaded Gas (gal) 2.09 2.13 -1.88 +30.5
Crude Oil (bbl) 61.51 64.28 -4.31 +0.8
Gold (oz) 671.90 674.20 -0.34 +5.8
Platinum (oz) 1261.30 1262.90 -0.13 +10.7
Silver (oz) 13.77 13.69 +0.58 +7.6 ,
Coffee (Ib) 1.10 1.11 -0.90 -12.8
Orange Juice (Ib) 1.83 1.89 -3.17 -9.1
Sugar (Ib) 0.10 0.10 ... -14.9


COUNTRY


6MO. 1Yl.,i
CLOSE CHG. %CHG. AGO AG, ,,


Argent (Peso) 3229 +.0003
Brazil (Real) .4938 +.0018
Britain (Pound) 1.9610 -.0048
Canada (Dollar) .8674 -.0013
Chile (Peso) .001869 +.000003
Colombia (Peso) .000463 +.000002
Dominican Rep (Peso) .0309 -.0000
Euro (Euro) 1.3360 -.0018
Japan (Yen) .008382 +.000003
Mexico (Peso) .091104 -.000034
Uruguay (New Peso) .0415 -.0001


GlobalMarkets


+.09 3219 +.0086' %
+.36 .4636 +.0309-i,'"
-24 1.8673 +.2179
-.15 .8904 -.0047
+.16 .001863 -.00005?"
+.43 .000417 +.00004#1
-.00 .0300 -.O00O,1!:
-.13 12605 +.1254i -'
+.04 .008395 -.000073:,
-.04 .090208+.001403,
-24 .0420 -.000'"
1'> ^.-


J b5,


INDEX YEST CHG %CHG WK MO QTR YTD-' '
S&P 500 1444.61 +0.85 +0.06% A A A +1.8696
Frankfurt DAX 7099.91 +26.00 +0.37% A A A +7.62%96 "
London FTSE 100 6397.30 +32.60 +0.51% A A A +2.84% ..
Hong Kong Hang Seng 20209.71 +207.01 +1.03% A A A +1.2396% .
Paris CAC-40 5741.38 +2.37 +0.04% A A A +3.60% ,
Tokyo Nikkei 225 17743.76 +258.98 +1.48% A A A 43.019.-:'.?,

SOUTH AMERICA/ CANADA .
Buenos Aires Merval 2131.94 +4.46 +021% A A A +1.98% .-,
Mexico City Bolsa ... ..% +11.05%_ .
Sao Paolo Bovespa 46854.72 +208.14 +0.45% A A A +535%.
Toronto S&P/TSX 13482.33 +57.31 +0.43% A A A +4.45%

ASIA
Seoul Composite 1501.06 +19.02 +1.28% A A A +4.6499 ".'
Singapore Straits Times 3400.00 +54.14 +1.62% A A A +13.87%-."-'
Sydney All Ordinaries 6079.00 +81.40 +1.36% A A A +7.70%.
Taipei Taiex 8056.56 +51.95 +0.65% A A A +2.98%
Shanghai Shanghai B 188.76 +3.12 +1.68% A A A +45.08%


Largest Mutual Funds |

124M0 12-M10 12-MOI
NAME NAV CHG%RTN NAME NAY CIGN NAME NAV CY %RTN
AIM dInd a
ConstellA m 27.15 -.02 +3.1 USBdndx 108 -.03 +65 rowncA m 20.25 -.01+13.2
American Cent AdVoyagerA m 18.46 -.03 +3.2
Eqlnclnv 8.71 -.02+16.9 CapDevO 12.93 -.+10.2 Rw iSo~ c
Ultralnv 27.74 ... -1.4 DivintlA m 24.07 -.06+11.1 DivrEqlnA min 13.18 +.01 +12.6
American Funds Fdeity Spartan LgCpEqA m 5.97 -.01 +11.8
AmcapA m 20.73 -.02 +9.0 5001ndxAd 100.29 +.07 +13.6 chw
BalA m 1922 -.01 +10.6 USEqlndxl 51.13 +.03 +13.6 y ide 9.69 .. +5.8
BondA m 13.34 -.04 +7.3 Ft Ea i
CaplncBuA m 62.94 -.13+206 GIbAin 47.50 -.06+15.0 Sele di
CpWIdGrIA min4357 -.08+19.4 OverseasA m 26.45 -.06+16.8 AmerShS b 46.96 -.03+14.0
EurPacGrA m 48.85 -.10+17.3 Rank'emp-Ren T Rowi Price
FundmlnvA m41.56 -.+14.7 CATFA min 7.31 -.01 +5.9 BIChpGr 36.59 -.05 +9.3 2
GrowAmerA m33.91 -.03 +8.9 FedITF A m 12.05 -.02 +53 CapApprec 2122 -...+13.6 '
HilncA m 12.71 +11.4 HYTFA min 10.92 -.03 +6.7 Eqlndex 38.75 +.02+13.2
IncAmerA m 20.79 -.02+18.4 Income A m 2.72 -+19.1 Eqtylnc 29.92 +.02+16.5
InvCoAmA m 34.18 -.05+13.6 SmMdCpGrA m40.84+.04 +8.7 GrowStk 32.46 -.04 +12.7 1
MutualA m 30.00 +.03 +15.6 US Gov A m 6.40 -.01 +5.7 InttStk 1751 -.05+14.3
NewEconA m 27.60 -.03 +12.9 RankmTpn tual MidCapVa 26.56 +.03 +18.5
NewPerspA mi32.95 -.09+16.4 Discov A m 3223 -+193 MidCpGr 56.45 -.01 +5.8 'i
NwWrldA m 51.32 +.18+24.7 Shares Z 27.28 ...+16.2 NewHoriz 34.01 -.05 +2.5 '
TaSEBdAmA m2.45 -.03 +5.0 RankTemp-Templeton Newlncome 8.91 -.02 +6.6
WAMutInvA m35.50 ...+15.4 Fgn A m 14.20 +.01+15.9 SmCpStk 35.56 -.08 +6.5
AForEqls 27.95 -.04 +25.3 SmCpVaW 43.18 -.01 +7.0 1
Artisan Growth A min 26.23 -.04+17.3 Value 27.83 +.02+16.4 |
Intl 30.90 -.01 +20.1 WorddA m 19.94 +.02+16.3 T rd Ave e
Baron Rain Temletone
Growth b 51.79 ...+8.7 FdA3+.01+17.1 Value 62.43 +.057+11,5
Bernstein Harbor Thoin rg
TxMIntI *27.57 -.05+16.8 CapAplnst 34.36 -.08 +3.8 IntiVaIA m 29.96 -.01 +18.5 &S
BlackRock Intllnstl 65.58 +.10+21.9 TWeedy Browne
GlobAIcA m 18.72 -.01 +11.6 Harfford GlobVal 32.94 ...+17.5 I
Calamos AdvHLSIA 23.16 -.03+11.1 VALIC
GrowA m 56.41 +.03 -12 CapAprA m 38.90 +.04 +10.8 Stockldx 37.49 +.02 +13.3
Columbia CpApHLSIA 55.42 +.08 +123 Van IKampen
AcornZ 31.56 -.02 +11.0 DvGrHLSIA 23.44 ...+17.9 ComstockA ml9.53 +.01 +16.0
DFA JPMorgan EqlncomeA m 9.19 -.01 +12.2
EmgMktVal 35.52 +.27 +32.2 IntrAmerS 29.10 +.05 +15.0 GrowlncA m 22.37 ... +15.0
IntlSmCap 23.31 -.01 +24.8 Janus Vangr '.
IntlSmCo 21.20 -.03 +21.8 Contrarian 18.44 +.10 +22.9 500 133.09 +.08+13.5
IntlValu 24.83 -.02 +27.0 Growinc 39.19 +.07 +4.0 A 9 + .
USLgVal 26.26 +.11+17.0 Janus 29.66 +.04+10.6 AssetA 29.42 +.02 +13.8
USMicro 16.17 ... +6.4 MidCapVal 25.18 +.01+16.1 CapOp 37.43 -.01 +7.9
USSmVal 30.84 -.03+10.9 Overseas 4925 +.17 +28.8 EmerMktId m 25.66 +.14+19,5
DWS-Scudder TWenty 57.48 -.02+15.3 Energy 66.67 -.08 +9.8
DremHRtEA m51.04 -.04 +14.5 John Hancock Europeldx 38.40 -.15 +27.7
Davis CIsscValA m 27.87 +.02 +12.3 Explr 78.93 .. +4.6
NYVentA m 39.49 -.02 +14.5 LifBal b 14.69 -.01 +11.0 Extndldx 41.01 +.03 +1123 ,
Dodge & Cox LifGrl b 15.20 -.01 +11.5 GNMA 10.19 -.02 +6.0
Bal 88.41 +.05+12.8 JuUus Daer GIbEq 24.34 -.02+19.2 \
Income 12.58 -.02 +6.9 IntlEql 45.99 -.12 +22.8 Grolnc 37.04 +.03 +13.3 I
IntlStk 46.75 ... +22.4 Legg Mason Growthldx 30.69 +.02 +8.9 i
Stock 157.13 +.25 +16.1 OpportnPr mn 20.16 +.09 +9.8 HYCor 6.25 +9.1 >
Excelsior ValuePr b 73.12 -.02 +5.8 HIthCare 150.05 -326+13.9 t,
ValRestrA 55.58 +.20 +13.0 Longleaf Partners InflaPro 11.92 -.05 +5.3 1
Fidelity LongPart 36.36 +.06 +14.6 Instldx 132.08 +.07 +13.6
AstMgr5O 16.49 -.01 +9.7 LoomisSayles InstTBdld 5033 -.15 +6.5
Bal 20.20 +.01 +11.5 Bondl 14.40 -.03 +10.6 InstTStP 3156 +.02 +13.3
BIChGrow 44.95 +.03 +4.7 Lord Albbett IntlGr 25.13 -.03+188
CapApr 28.39 +.10 +8.5 AffiliatA m 15.53 +.01 +13.1 IntlVal 42.52 -.06+19.2
Capinc 9.10 +.01 +13.4 BondDebA m 8.13 +.01 +10.4 LifeCon 16.86 -.02 +10.3
Contra 66.57 -.02 +9.1 MidCpValA m 23.51 +.04+16.3 LifeGro 24.62 ..+13.8
DiscEq 30.55 +.08+14.3 uMarsco LifeMod 20.90 -.01+1223
DivGrow 32.31 -.03 +12.4Focus b 19.51 +.06 +4.3 MidCp 21.06 +.03+12.5
EqDivrlnt 58.79 +.05+175.08 MorganStanley Inst Morg 19.64 +.01 +8.9
Elc IntlEqA 21.72 -.05 +19.7 MulntAdml 1326 -.03 +5.0
FF2040 9.86 +01 +11.5 Neuberger Berman MuLtdAdml 10.69 -.01 +3.9
Fidelity 37.02 -.01 +11.7 GenesisTr 50.77 -.06 +7.7 Pacificd 13.17 -.01 +8.2
Free2010 15.04 -.01 +9.3 Oalmark Prmcp 70.51 +.03 +6.5
Free2020 16.06 -.01 +10.3 EqInc 26.93 -.03 +13.2 REITIdx 26.65 +.03 +28.2
Free2030 16.64 ... +11.1 Intl 1 26.99 -.10 +24.3 STCor 10.58 -.02 +6.0 4
Govtinc 10.03 -.03 +5.8 Oakmark I 46.77 +.08 +15.6 SelValu 22.21 -.03+21.9 :
GrowCo 71.61 +.18 +6.2 Select I 33.27 -.02 +9.1 SmCapldx 3438 -.03 +9.3
Growlic 31.41 -.02 +7.7 Oppenheimer Star 21.50 -.02 +10.7
Hilnc 9.12 ...+10.4 CapApA in 48.20 -.09 +6.8 StratgcEq 2522 +.03 +10.7
IntBond 10.26 -.03 +6.0 DevMktA m 43.40 +.23+16.8 TgtRe2015 12.82 -.01+12.0
IntlDIsc 39.77 -.08 +17.3 GlobA in 75.77 +.11 +12.0 Tgtet2025 13.46 -.01 +13.2
InvGrdBd 7.35 -.03 +6.6 IntlBondA m 6.13 -.02 +9.6 TotBdId 9.97 -.03 +6.6
LevCoSt 31.85 +.14 +17.4 MaInStrA in 41.59 +.01 +11.7 Totlntl 18.77 -.03 +20.9
LowPriStk 45.35 +.0 +12.4 RocMuniA m 18.71 -.05 +7.6 TotStldx 35.00 +.02 +13.1
Magellan 93.48 +.20 +5.2 RochNtlMu min 12.76 -.03 +8.9 Wells 22.08 -.03 +12.8 '
MIdCap 31.80 +.07 +10.2 StrincA m 4.35 -.01 +9.5 Welitn 32.94 -.01 +14.0
OTC 42.99 ... +7.2 PIMCO Wndsr 19.09 +.01 +16.5
Overseas 47.38 -.04+16.7 ComRIRStI 14.57 -.17 +7.8 Wndsrll 35.93 +.03+17.9
Puritan 20.31 ...+13.8 LowDris 9.90 -.04 +4.9
Reallnv 38.32 -.02 +28.0 RealRet 10.84 -.06 +5.2 Western Asset
ShTminBond 8.85 -.02 +5.1 pioneer CrBdlnst 11.32 -.04 +8.5
SmCapStk 20.13 -.03 +4.5 PioneerA m 49.43 +.10+13.7 CrPIBdIns 10.51 -.04 +8.7 ',


4BD


Y, ADSEUTI APRIL 10, 20 N


1,550 46 0 .... ......... ................


1,420, r44rfr r
1,500 .4


I D UI-rii UrAV A MI"nIL IU n/U/ lNI- -A-IAI r.LLL'3IIrrIr








TUESDAY, APRIL 10, 2007, PAGE 5B


THE TRIBUNE


BISX Rules reform 'step



in the right direction'


* By NEIL HARTNELL
Tribune Business Editor
The proposed amend-
ments to the Bahamas
International Securities
Exchange's (BISX) listings and
issuers' continuing obligations
rules have been praised as "a
step in the right direction" by
one market participant,
although they have to be tied
to a reformed Securities Indus-
tries Act that has enforcement
teeth.
Larry Gibson, vice-president-
pensions for Colonial Pensions
Services (Bahamas), said of the
redrafted BISX rules: "It's a
step in the right direction.
"We need to really go one
step further to make the
required changes to the Secu-
rities Industries Act, to cover
minority shareholders, mergers
and acquisitions, corporate
reporting and timly disclosure
of corporate events, especially
material events the whole nine
yards."
The Tribune reported last
Thursday how the redrafted
BISX Rules propose requiring
listed companies to publish
their quarterly and annual
financial figures some 60 and
90 dhys respectively after the
periods end, with the
exchange's listings committee
having "the ability to disquali-
fy a director from serving in
that capacity" for a listed firm.
The redrafted Rules are due
to be published by tomorrow
to obtain feedback from listed
companies, investors and cap-
ital markets participants, and
other interested parties. Once
the amendments are for-
malised, they then have to be
approved by capital markets
regulator, the Securities Com-
mission of the Bahamas.
Keith Davies, BISX's chief
executive, told The Tribune
that one set of rules the
exchange had hoped to pub-
lish but had not completed
were those governing mergers
and acquisitions.
. a. \


"'We just haven't been able
to finalise the mergers and
acquisitions rules, but people
should rest assured they will
be published in a similar fash-
ion to the listings rules and the
continuing obligations rules."
Among the proposed
amendments to the latter two
sets of rules are a requirement
for all BISX issuers "to make
all material disclosures to a
new department in BISX,
called the BISX Companies
Announcements Office".
The proposal will require all
issuers, under BISX rules, to
file all results and material dis-
closures with this office first in
an electronic format, using the
secure filing process that the
exchange has adopted.
Once received and
processed, the new BISX
department would "make avi-
lable on a website these dis-
closures for and on behalf of
the companies".
Another section deals with
disclosures by company offi-
cers, directors and other insid-
ers of their trading activities in
the firm's stock. These details
will have to be disclosed in a
timely fashion to BISX, and
made available to other
investors via the exchange's
website.
"The Securities Industry Act
requires it, but this formalises it
and takes it a step further in
requiring disclosure to the
exchange," Mr Davies said.
Most capital markets partic-


ipants wanted to see the full
BISX rules amendments
before providing detailed com-
ments, although some felt the
proposed stipulation that listed
companies provide their full-
year financial 90 days after
year-end was too strict, espe-
cially for life insurance com-
panies such as Colina Hold-
ings (Bahamas) and Fam-
Guard Corporation that relied
on actuaries as well as external
auditors.
Some sources felt the
requirements set out in the
BISX rules should also be
extended to other public com-
panies not listed on the
exchange, such as Bahamas
Supermarkets and RND Hold-
ings that are on the over-the-
counter market.
In the Bahamas, a public
company is defined as one with
50 or more shareholders, so
another argument may be that
the proposed BISX rules
should also be adopted by the
likes of Bahamas First, which
although not listed has a broad
shareholder base.
Another issue likely to be
discussed is whether there
should be a mandatory bar on
trading in a company's stock
by its officers, directors and
other shareholders in the
weeks leading up to the end of
the full-year or quarter, as
those individuals are likely to

SEE page 15B


CFA Society of The Bahamas


2006/2007 Ofces & Diectors
President
David Slaiter,CFA
Fidelity Merchant Bank & Trust
P0 Box N-4853. Nassau, Bahamas
Ph: (242)356 7764
Email: david.slatterfT fidelitvbahamas.com
Vice-President
Kristina M. Fox, CFA
Templeton Global Advisors Ltd.
PO Box N 7759. Nassau. Bahamas
Ph: (242) 362 4600
Fax: (242) 362 4308
Email: kfox(atempleton.com

Treasurer
David Ramirez, CFA
Pictet Bank & Trust Ltd.
P0 Box N-4873
Nassau Bahamas
Ph: (242) 302 2217
Fax: (242) 327 6610
Email:dramirez(tpictet.cot

Secretary
Christopher Dorsett, CFA
Citigroup Corporate & Investment Bank
PO Box N 8158, Nassau, Balhamas
Ph: (242)302 8668
Fax: (242) 302 8569
Email: Christopher.a.dorscet(a)cihigroup.coit


!FA
INSTITUTE
PROFESSIONAL
DEVELOPMENT
QUALIFIED ACTIVITY


MONTHLY LUNCHEON SPEAKER EVENT


Topic:



Date:

Time:


"How Much is Your
Management Firm Worth?"

Thursday April 12,2007

12:00 pm Cocktail Reception
12:30 pm Speaker's Address
Please arrive promptly!


Investment


Location: SuperClubs Breezes
Cable Beach

Speaker: Steven M. Levitt
Principal
Cambridge International Partners
New York, NY


Cost: Members $25.00
Non-Members $35.00
(If paying by cheque, please make cheque payable to:
CFA Society of The Bahamas)

Reservations: PRE-REGISTRATION REQUIRED -by Apr. 10, 2007
Chris Dorsett, CFA
Christopher.a.DorsettgCitigroup.com
*Prepavment required through one of the Board
Members

Mr. Levitt, who joined Cambridge as a partner in 2005, is actively involved
in business development and client advisory work. He rejoined Cambridge
from MilleniumAssociates AG, a Swiss investment banking boutique, where
he focused on strategic advisory work in the asset management and
brokerage industries for North American and European financial
institutions. Prior to that, he spent three years with Putnam Lovell
Securities, also focused on strategic advisory and transactional work with
asset managers and broker-dealers. From 1997 to 1999, Mr. Levitt was ta
associate at Cambridge.
Mr. Levitt holds a BA in economics from Stanford University and an MBA
in finance from the Wharton School of the University of Pennsylvania. He is
a General Securities Representative.

"How Much is Your Investment Management Firm Worth?"
This presentation addresses historical transactional activity in the
investment management space. It covers how investment management firm
have historically been priced and the approach an acquirer would take to
valuing a particular asset manager. The presentation addresses deal
structures and trends. It is intended to be practical, with realize examples.


British Colonial Hilton
Nassau

The British Colonial Hilton invites applications for dynamic, confident and
assertive individuals to fill the following positions:

Catering Sales Manager: This position is responsible for supervising, managing,
and overseeing all aspects of catering sales in addition to leading and motivating
the catering accounts and maintaining relationships with existing accounts to meet
and/or exceed food beverage revenue goals.

The successful candidate should meet the following minimum requirements;
* 3-5 years hotel industry and management experience with at least 2 years sale experience
demonstrating strong sales, negotiating and closing skills
* Advanced knowledge of sales/hospitality principles and practices
* Excellent people and leadership skills
* Effective communication i.e oral, written and presentation skills
* A professional demeanor and appearance
* Goal-oriented, focused, energetic and self-motivated with the ability to work with little
supervision
* Computer literate and proficient in the use of Microsoft Excel and Word
* Open to a flexible work schedule as evenings and weekends are essential at times. Hotel
catering experience would be an asset
: * * * *: *

Senior Sous Chef/Kitchen Artiste: Under the direction of the executive chef, this position
ensures cost effective production of the highest quality food appropriate to the market. The selected
individual will primarily be responsible for all artistic creativity within the kitchen including
specialty carvings, show pieces and sculptures. Will train and develop department's team
members.

The successful candidate should meet the following minimum requirements:
* Extensive practical knowledge of cooking styles and various cuisine including Continental,
American, Mediterranean/Italian and Caribbean/Bahamian.
* 10 years experience as a senior chcf within operation of at least 4-star designation including
Professional ccrtification/training from a recognized culinary institution
* Demonstrated artistic ability to produce high level culinary show pieces, carvings and
sculptures i.e. ice carvings, fruit and vegetables carvings, chocolate carvings and buffet show
pieces. Industry/professional awards are desirable proof of excellence.
* Proven experience with a successful track record of achievements in leading a culinary team.
* Strong administration and organizational skills with the ability to contain operational costs.
* Computer-literate with a working knowledge of Microsoft Word and Excel.
* Proven ability to train and develop members of the culinary and stewarding teams.

Individuals who meet the above requirements are invited to forward their resumes to:

Director of Human resources
BRITISH COLONIAL HILTON, NASSAU
1 bay Street, Nassau, Bahamas
Fax: 242-302-9040
E-mail:recruitment.nassau@hilton.com


Deadline: April 20, 2007


BU^QSINEBSS FOR SAL
Buines Well known and


20 yersa sae pieloain


U -U


BAHAMAS ELECTRICITY CORPORATION

VACANCY NOTICE

NETWORK SUPPORT ASSISTANT

FINANCE DIVISION
A vacancy exists in the Corporation for the post of Network Support Assistant in
the Information Technology Services Department Finance Division.

The duties and responsibilities for this job is as follows, but not limited to:

Assisting with the continuous operation and maintenance of
the Corporation's Local and Wide Area Networks (New
Providence & Family Islands)

Troubleshooting and resolving network hardware/software conflicts
Ensuring that all network devices are properly configured and
functioning
Providing end-user support for hardware, software and network
access issues
Network performance monitoring and the maintenance of
corresponding statistical data
Maintaining network architecture documentation
Repairing Personal Computers and peripheral equipment
Monitoring and maintaining computer equipment inventory/supplies
Identifying and recommending Information Technology solutions

S The incumbent should also have:
A minimum of an Associate Degree with concentration in Computer
Science
A minimum of 1-2 years experience in LAN/WAN environment
Network + and/or A+ Certification (Cisco CCNA a plus)
Sound technical knowledge of network and computer operating
systems
Demonstrates knowledge of the operation and function of standard
networking equipment
Excellent written and verbal communication skills
Knowledge of effective user support services

Interested persons may apply by completing and returning an Application

Form to: The Manager Human Resources & Training,
Bahamas Electricity Corporation, Blue Hill & Tucker Roads,
P.O. Box N-7509, Nassau Bahamas,
on or before: April 20, 2007.


I


0








THE TRIBUNEi


PAGE 6B, TUESDAY, APRIL 10, 2007


SUnder the distinguished patronage of the

SHon. Fredrick A. Mitchell

The Ministry of The Public Service

^Li Presents










Singing Competition showcasing over twenty par*

ticipants from the various Government Ministries/

Corporations (choirs and soloists)


Preliminary Round--I Ith April,2007 at 7pm
(Soloists Only)
Place: Holy Trinity Activity Centre
(Stapledon Gardens)


Finals-Sunday 22nd April, 2007 at 6,30pm

(Choirs and Soloists)

Place: Golden Gates Worldwide Ministries
(Carmichael Road)
Included are a few of our shinning stars...









U1 0 for inat ate ailabitle at Pe t niotq of tbc public
teil -t oimnana iU, eating -treet @ $5.00
.. ..ti ton tact 502-7200
-o *tt 'u .. ltt s ./ f -X _' .'.. ,* 2_" . '- '."'l - .. ....... .. .. .... .
._ -.. ____.** - -


Interest rates





under pressure


FROM page 1B


bune that the fact that some
institutions were seeking and
offering deposit rates close to
the existing Bahamian Prime
rate indicated that Prime was
"lower than it should be", and
was almost becoming discon-
nected from the current envi-
ronment.
The Central Bank's latest
monthly economic report said
that commercial banks were
now offering rates of 6.5 per
cent on short-term deposits for
terms under one year, a full 1
per cent over the current
Bahamian Prime rate.
Although just pure specula-
tion at this point, observers
questioned whether political
factors were behind the main-
tenance of a 5.5 per cent
Bahamian Prime rate given the
imminent general election on
May 2.
Any increase in Bahamian
Prime prior to the general elec-
tion with most believing any
increase would be around 0.5
per cent, taking it to 6 per cent
- would not play well with most
of the electorate, as this increase
would be passed on by the com-
mercial banks in the form of 0.5
per cent rises on all their loans,
usually after a 90-day notice
period.
Majority
Given that the majority of
Bahamians are borrowers and
spenders, not savers and
investors, any increases in inter-
est and loan repayment rates
could hit many especially hard,
reducing their disposable
income and making people feel
less wealthy.
Many Bahamians have less
than $1.000 in their bank
aclQuats, and any increases in
debt servicing costs could have


alarming consequences for
some, given their minimal sav-
ings, forcing radical reassess-
ments of household spending
policies.
Central
Although the Central Bank
of the Bahamas in theory enjoys
statutory independence on
monetary policy conduct, and
is able to set the interest rate
structure of its choosing through
the Central Bank Discount
Rate Prime is linked to this -
in practice any interest rate
changes have to be implement-
ed with the Ministry of
Finance's knowledge and agree-
ment.
As a result, observers are
increasingly predicting that
Bahamian Prime could rise at
some point after the May 2 gen-
eral election.
Total liquidity in the Bahami-
an commercial banking sector,
which means the surplus assets
in the system that the banks
have available for lending pur-
poses, shrunk to just over $9
million in late December an
extraordinarily low number.
The liquidity crunch was
caused by a number of factors,
including the traditional credit
demand from both Bahamian
consumers and companies in
the run-up to Christmas, in
anticipation of seasonal spend-
ing and sticking up inventories
respectively.
In addition, the growing
Bahamian economy generated
strong credit demand from con-
sumers for both mortgage and
consumer loans throughout
2005 and 2006, while millions
of Bahamian-denominated dol-
lars were also sucked out of the
commercial banking system to
fund business transactions such
as Freeport Oil Company's
$32.75 million purchase of Shell
(Bahamas); the $54 million BSL


Holdings buyout of Winn-Dixq;
ie's 78 per cent stake inr
Bahamas Supermarkets; anL.,
BAB Holdings purchase of
British American Insurance
Company. : ,
Excess liquid assets in thpfl
Bahamian commercial banking:
system have recovered since
2006 year-end, standing at
$84.17 million in February 2007.
a rise of $74.74 million since the.
turn of the year. However, the..
total number is about half the
$168.24 million in excess liq-,
uidity that the commercial
banking system possessed in,
February 2006.
The commercial banking sys-'
tem's excess reserves stood at,
$212.08 million in February
2007, slightly ahead of the preo,
vious year. ,
Bank
'q '
The Central Bank of thl,'
Bahamas' report on monthly,
economic developments for
February 2007 said tlhq,
"favourable interest rate envi-r,
ronment" saw fixed deposits
during the first two months of,
2007 increase by "more thap,
double" the amount seen iir
2006, rising by $86 million. -,q
Savings deposit growth.
strengthened to $17.1 millioai
from $2.5 million the year,
before, with accretions to total,,
deposits up by $66 million tp -
$78.3 million. ,
For February 2007, the CeA-,,
tral Bank said average interest
rates firmed during the months,
the weighted average deposit,
rate offered by commercial.
banks up by 0.1 per cent to 3.7.
per cent, the highest rate of 6.5
per cent being offered for fixed
deposits with maturities of over,
one month, and six to 12
months. : t
The weighted average loan
rate, thoughQnfyrose by ,Q04
per cent to 10.13 per cent. ,


FINANCIAL INTELLIGENCE

UNIT (THE "FIU")



PUBLIC NOTICE


Pursuant to
Act, 2000,
Suspicious
Prevention


Section 15(2) of The Financial Intelligence Unit
the public is hereby notified that, the revised
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 _


U


Bahamas Electricity Corporation




STAFF ACCOUNTANT

FINANCE DIVISION

A vacancy exists in the Corporation for a Staff Accountant in the Finance
Division.

The Staff Accountant is responsible for ensuring, the proper accounting for
all projects related activities, which includes proper billing, and monitoring
of receipts of miscellaneous receivables and managing the fixed asset register.

The duties and responsibilities for this job is as follows, but not limited
to:

Assist in the management of the Finance Department which primarily
include: the preparation of disbursements; management of vendor
accounts; and management of payroll

Analyzes monthly financial information and reports

Evaluate and summarize the Corporation's current and projected financial
position

Ensure timely reporting on specific and general departmental
responsibilities; and any other duties as assigned

Monitors compliance with generally accepted accounting principles

The incumbent should also have:

A Bachelors degree with certification in Accounting ACCA/CPA or
equivalent qualifications
Excellent written and verbal communication skills
Strong analytical abilities and skills
Effective leadership skills
Good time management, and
Strong interpersonal and human relation skills

Interested persons may apply by completing an returning an Application
Form to: The Manager Human Resources & Training, Bahamas
Electricity Corporation, Blue Hill & Tucker, P. 0. Box N-7509 Nassau
Bahamas on or before April 20, 2007.


I BUSINESS







TUESDAY, APRIL 10, 2007, PAGE 7B


THE TRIBUNE


* By NEIL HARTNELL
Tribune Business Editor
The Nassau-based finan-
cial services executive
who put together an
investor group that attempted
to acquire the Bahamas Film
Studios for $14 million told The
tribune they were "disappoint-
ed" the development's owner
had not resumed talks with
them after breaking off the orig-
inal transaction.
Ross Fuller, head of Ashby
Corporation, the Bahamas Film
Studios' parent company, reject-
ed the deal proposed by Owen
Bethel and his Bahamas Film
Invest International group after
the two parties failed to negoti-
ate a further extension to the
closing deadline, which had
already been pushed back from
February 28, 2007, to March 15,
2007.
,Mr Bethel, president of the
Montaque Group, told The Tri-
bune: "We're disappointed that
it has still not been concluded
and, certainly, that Mr Fuller
has decided not to discuss fur-
ther with uis concluding the
deal.
"As we've always said, we
stand ready, able and willing to
move forward and conclude."
Mr Fuller is thought likely to
be seeking a better offer than
the $14 million that Bahamas
FilmInvest International was
prepared to give him, multiple
sources having told The Tribune
that he is now talking to an as-
yet unnamed Sri Lankan
investor, whose representatives
have already visited the now-
closed Bahamas Film Studios
location in Grand Bahama.
* The offer from Mr Bethel's
group will likely be used as
leverage to obtain a better deal,
especially as the circumstances
and potential liabilities facing
Mr Fuller have changed.
It is understood that a major
portion of the $14 million sales
price from Bahamas Filmlnvest
International would have been


used to settle the Bahamas Film
Studios liabilities by Mr Fuller,
chiefly the $9.95 million First-
Caribbean International Bank
(Bahamas) loan to construct the
water tank plus a further $1 mil-
lion owed to Grand Bahama-
based suppliers. The former has
already been settled by its guar-
antor, an insurance company,
which now itself wants paying.
Mr Fuller would have walked
away with a net $3-$4.5 million,
but the original projections
have been complicated by the
lawsuit since filed against the
Bahamas Film Studios and him-
self by the project's sole surviv-
ing founding partner, Paul
Quigley, who is seeking $1.6
million for breach of his
employment contract.
Mr Quigley last month
obtained a Supreme Court
order preventing up to $1.6 mil-
lion in proceeds from the
Bahamas Film Studios' sales
being taken out of the
Bahamas, and The Tribune
understands that order which
expired on April 4 last week -
has been extended.
As a result, Mr Fuller may
want a higher price than that
offered by Bahamas Filmlnvest
International if he decides to
settle with Mr Quigley but still
obtain the target net proceeds.
The Bahamas Film Studios is
currently facing a number of
lawsuits, including one by
Islands By Design, run by
Bahamian Keith Bishop, who
had sued the Bahamas Film
Studios for $80,000 over an
alleged unpaid Bill relating to
an environmental impact assess-
ment (EIA) he had performed
for the company.
Mr Fuller said that action
would be settled "prudently",
although he denies the allega-
tions by both Islands By Design
and Mr Quigley.
The Bahamas Film Studios,
which is where the Pirates of
the Caribbean II and III films
were shot, is not short of poten-
tial suitors.


Andrew Law, the former
Association of International
Banks and Trusts (AIBT) chair-
man and head of Credit Suisse
Trust (Bahamas), who has since
set up his own Bahamas-based
financial services provider, the
International Protector Group
(IPG), previously confirmed to
The Tribune he was represent-
ing a group interested in acquir-
ing the rights to the project,
which this newspaper under-
stands is based in the UK.
Another potential player is
Bahamian filmmaker Cedric
Scott, who is based in Los
Angeles and had formed a
group that looked at the
Bahamas Film Studios prior to
Mr Bethel's consortium being
selected initially as the pre-
ferred bidder.
Many observers, though,
believe that the situation at the
Bahamas Film Studios is unlike-
ly to be resolved until after the
general election on May 2, the
project's potential sale effec-
tively going into cold storage
until end of May-early June.
This is because with ministers
focusing on getting re-elected,
there will no attention on pro-
viding any buyer of the
Bahamas Film Studios with the
required government
approvals. This was a key factor
in undermining Bahamas
FilmInvest International's deal,
the group not wanting to com-
mit to anything until the
required approvals were in
place, something that ultimate-
ly caused Mr Fuller to lose
patience and refuse to provide
them with the extension they
were seeking after they did not
agree to his terms.
Thus any potential deal is
likely to be held up by the gen-
eral election, and there is little
prospect of the Government -
which is the Bahamas Film Stu-
dios' landlord by virtue of own-
ing the 3,500-acre site putting.
pressure on Mr Fuller to strike
a deal with all the current dis-
tractions.


THE CENTRAL BANK

OF THE BAHAMAS

B$ COUNTERFEIT BANKNOTE AND
INTRODUCTION TO CRISP SERIES SEMINAR

PLACE: THE CENTRAL BANK OF THE
BAHAMAS TRAINING ROOM,
MARKET STREET AND TRINITY
PLACE
ENTRANCE


WHEN:


SESSION 1
APRIL 18, 2007 FROM
11:30 A.M. TO 1:00 P.M.


SESSION 2
APRIL 18, 2007 FROM 6:00 P.M.
TO 7:30 P.M.


:CONTACT NOS.:


APPLY BY:


302-2620,302-2622 &
302-2734


APRIL 13, 2007


THE SEMINAR IS OPEN TO BANKS AND BANKING
INSTITUTIONS, GOVERNMENT AGENCIES AND
CORPORATIONS, PRIVATE COMPANIES AND THE
GENERAL PUBLIC. APPLICATIONS WILL BE TAKEN
ON A FIRST-COME /FIRST-SERVED BASIS, AS SPACE IS
LIMITED.

KINDLY INDICATE WHICH SESSION YOU WILL BE
ATTENDING


Film Studios buyer


'disappointed' talks


on sale not resumed


Our client, a bank & trust company, is seeking applications for the following managerial
positions:

OFFICE ADMINISTRATOR:
Responsible for the profitability and efficiency of the office and providing leadership
and direction in human resources, budgeting, compliance, billing & collections, expense
management, marketing, filing, technology and office services. The Office Manager will
also be responsible for the preparation of financial statements, bank reconciliations and
management accounts.

REQUIREMENTS & PERSONAL ATTRIBTEms FOR OFFICE ADMINISTRATOR.
Candidates must meet the following criteria:
Minimum of three years relevant administrative management experience.
Bachelor's Degree or higher in related field. Masters degree preferred
Proven ability to enhance operational efficiencies
Proficient in the use of the Microsoft range of applications
Knowledge of Quick Books

CLIENT RELATIONSHIP MANAGER:
Responsible for the maintenance and control of client records, payments and
disbursements, the preparation and analysis of monthly client financial and invoices, and
posting and reconciliation of client cash and security trading transactions. The Client
Relationship Manager will also be responsible for preparation, maintenance and analysis of
loan/trust documentation and related fiduciary records.

REQUIREMENTS & PERSONAL ATTRIBUTES FOR CuENT RELATIONSHIP MANAGER.
Candidates must meet the following criteria:
Minimum of three years relevant IBC/corporate administration
experience.
Bachelor's Degree or higher in Business, Law, Finance, Economics or Accounting
required. Masters degree preferred
Excellent data entry skills
Proficient in the use of the Microsoft Word & Excel
Ability to read and interpret governing instruments and legal documentation
including trust agreements, wills, investment management agreements, custodian
agreements, etc.

Both Candidates should also meet the following criteria:
Proven ability to enhance operational efficiencies
Experience with compliance and KYC processes and procedures
Strong technical and managerial skills
Excellent communication, analytical and reasoning skills
Excellent organizational and time management skills
Team Player with the ability to add value and strength to the company
Honest, hardworking and possess ability to meet deadlines

Both positions offer attractive salary and benefits package, reflecting the
successful applicant's experience and qualifications, including a pension plan
and medical coverage.

Qualified individuals should submit complete resumes including references before April
10"', 2007 to:
Mark E. Munnings
Partner
Deloitte & Touche
P. 0. Box N-7120
Nassau, Bahamas
or
Email: mmunnin gs(deloitte.com.bs

Deloitte.


BAHAMAS ELECTRICITY CORPORATION



DATABASE ADMINISTRATOR
INFORMATION TECHNOLOGY SERVICES DEPARTMENT
FINANCE DIVISION

A vacancy exists in the Corporation for a Database Administrator in the
Finance Division.

The Database Administrator is responsible for planning, designing,
implementing and maintaining efficient operations of corporate databases and
preparation of logical data base design for in-house application development.


The duties and responsibilities for this job is as follows, but not limited
to:

To participate in Information Systems development and implementation
teams.
Defines and implements data level security for all corporate databases.
Manages data migration/conversion issues during system installations.
Defining, establishing and operating databases for executive information
needs.
Develops procedures for the integration of corporate systems.
Defines, establishes and operates a database to serve Document Management
System requirements.
Leading and participating on committees assessing business information
technology needs.
Manages installation of release upgrades to installed RDBMD products.
Facilitates smooth transition of all business systems vendor upgrades.

The successful candidate should also possess:

A Bachelors degree in Computer Science or equivalent qualifications
Sound working knowledge of relevant database management systems
Sound knowledge of computer programming
Strong analytical skills and time management skills
Ability to communicate effectively both orally and in writing
Five years computer experience in a technology/data processing
environment

Interested persons may apply by completing an
returning Application Form to:

The Manager-Human Resources & Training,
Bahamas Electricity Corporation,
Blue Hill & Tucker Roads, P. 0. Box N-7509 Nassau, Bahamas
on or before April 20, 2007.


I I .- . I-.










PAGE 8B, TUESDAY, APRIL 10, 2007


THE TRIBUNE BUSINESS


THE COiE1E OF THE BAI

Visit our websile at www.cob.edu.bs F'rr rr TTirrr ., To A4 il


L.2 A.A~LLLy1 1Vi1.c~


^ under the st ,rs



GALA CONCERT AND DINNER

Saturday June 16 2007 7:00 P.M.

COB Band Shell


WORKSHOPS
Friday, June 15, 2007
Two Sessions
10:00am to 12:00 noon
and
2:00 p.m. to 4:00 p.m.


Roscoe Dames
The Music Business
From The Islands to The World

Bujo Kevin Jones
Drummers Clinic (2 hours)

Nicki Gonzalez
The Tricks & Traps of a Solo Career
(1 hour)

Phillip Martin
Pursuing your dream and a
professional career (1 hour)

Workshop: $30.00
Students: $15.00


FRIDAY JAMZ .
Friday, June 15, 2007 :: 7:00 9:00pm
with
Bahamas Jazz Project
featuring Nicki Gonzalez

GALA CONCERT AND DINNER .
Saturday, June 16, 2007 :: 7:00 p.m.
with
Bahamas Jazzproject
featuring Tino Richardson
(Caribbean Jazz)

Tenth World
featuring Bujo Kevin Jones
(African Jazz)

Phillip Martin
featuring Alyson Williams
(Smooth Jazz with R&B Vocals)


CONCERT TICKETS

Friday Jamz $50


Gala $175
Gala Concert and Dinner

Gold $80
Gala Concert and Cheese and Fruit


For reservations,
sponsorship opportunities and
further information, please call
Office of Communication at
telephones
302-4304/4353/4354/4366
We're Taking It up Several Notches
in Entertainment and Dining


Register early for these rare development Featuring Certified Master Pastry Chef Bo Friberg of CaLifornia
opportunities in pastry making for professionals,
students, entrepreneurs and pastry enthusiasts! M 1/- 7


NASSAU, NEW PROVIDENCE
Thursday, May 17
Plated Desserts
CHMI Main Kitchen
Professionals
Max. 24
Fees: $100.00 (Student)
$ 175.00 [BHA)
$200.00 (General Public)

Friday, May 18
Specialty Cakes
CHMI Main Kitchen
Professionals
Max. 24
Fees: $100.00 (Student)
$200.00 (BHA)
$225.00 [General)

Monday, May 21
Basic Cake Decoration
CHMI Main Kitchen
General Public
Max. 24
Fees: $100.00 IStudent)
$185.00 (BHA)
$210.00 [General Public)

Thursday. May 24
Marzipan
CHMI Main Kitchen
Students
Max. 60
Fees: $100.00 (Student)
$250.00 (BHA)
$275.00 [General Public]

Friday, May 25
Advanced Petit Fours
CHMI Main Kitchen
Students
Max. 60
Fees: $100.00 (Student)
$225.00 (BHA)
$250.00 (General Public)


GEORGETOWN, EXUMA
Tuesday, May 22
Advanced Petit Fours
Four Seasons Sugar Kitchen
Professionals & General Public
Max. 24
Fees: $100.00 (Student)
$225.00 (BHA)
$250.00 (General Public)

FREEPORT, GRAND BAHAMA
Wednesday, May 23
Plated Desserts
Best Westin Hotel
Students, Professionals & General
Public
Max. 24
Fees: $100.00 (Student)
$175.00 [BHA]
$200.00 (General Public)

10% discount will be granted to
persons who register for three or
more sessions.
CHI
Session Details Ma
* Materials will be provided
* Participants are to bring small yea
pastry tools in t
* Continuing Education Units will bak
be granted for all sessions. lev(
* CEU's accepted by the American to s
Culinary Federation 197
him
of D
and


'fS Po

deg
He
and
opel


... ,, ".".



EF BO FRIBERG is a certifi
ster Pastry Chef with over
rs of professional experiei
he industry and has taugh
ing and pastry courses to
lIs of students from begin
seasoned professionals s
8. Chef Bo (as his student
I] cui Iontty holds the posit
department Chmir of the B3,
Pastry IProgq mine at their
tessiuoni CulinI;ry Inslitut
mpbell, California. He grad
o the Confeictionery Assoc
ool of Sweden and holds a
ree as a Master Confectio
has worked in both small
large retail and wholesale
rations in the United State


ed and Europe, and was Pastry Chef
40 for Swedish American Lines
lce Cruise Ships. In addition, he has
t demonstrated his pastry artistry
all on television shows including
nners the two highly acclaimed public
since television series Cooking Secrets
s call of the CIA, and Cooking at The
ion Academy. as well as NBC's Today
making Show and the locally produced
Bay Cafe. Chef Bo's celebrated
o in cookbook The Professional Pastry
luated Chef, has now been revised to its
nation Fourth Edition, with the expanded
material divided into a two-volume
ner. set. Fundamentals of Baking
shops and Pastry and The Advanced
e Professional Pastry Chef.


L4A

itANS


N i '

i/ ; .


v"? -'


Show Producer Roscoe Dames "Mr Jazz"

American Airlines/American Eagle
Official Airline of Jazz Under the Stars

Wyndham Nassau Resort .i -
T The Official, Resort of JazzU.nde.r the Stars .

Catering by Alexandra (Alexandra Maitlis Lynch)


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TUESDAY, APRIL 10, 2007, PAGE 9B


THE TRIBUNE BUSINESS


1C THE COLLEGE OF THE


Visit our website at www.cob.edu.bs


COTWE FO CONTMRNG BCICNIf N MlON V1EXIES


PERSONAL DEVK


OPEIW


- MRB MERSTER


COURSE SEC COURSE
NO. NO. DESCRIPTION TIME DAY START OUR 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 6:00pm-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. WIS 9:30am-4:30pm Thurm 31May 1 day $170
BUS1900 01 CREDIT AND COLLECTIONS I 6:00-9:OOPM Thurs 10 May 8 wks $225
BUS1901 01 CREDIT AND COLLECTIONS II 6:00-9:00PM Tue 8-May 8 wks $250
COMPUTERS
COMP901 01 COMPUTER APPLICATIONS I 6:00pm-9:30pm Mon 7-May 9 wks $450
lO.OOam-
COMP901 02 COMPUTER APPLICATIONS I 1:30pm Sat 5-May 9 wks $450
COMP902 01 COMPUTER APPLICATIONS II 6:00pm-9:30pm Thurs 10May 9 wks $550
COMP941 01 QUICKBOOKS 6:00pm-9:00pm Tues 8-May 6wks $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 Thure 14-Jun 2 days $550
DECORATING
FLOR800 01 FLORAL DESIGN I 6:00pm-9:00pm Thur. 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 Thur. 10May 10 wks $465
MASSAGE THERAPY ESSENTIALS
MASG901 01 II 6:00pm-9:00pm Mon 7-May 10 wks $620
HLTH800 01 GROUP FITNESS INSTRUCTOR I 6:00pm-9:00pm Wed 9-May 10 wks $400
MANAGEMENT
MGMT900 01 HUMAN RESOURCE MGMT I 6:00pm-9:30pm Thurm 10May 9 wks $250
MGMT901 01 HUMAN RESOURCE MGMT II 6:00pm-9:30pm Mon 7-May 9 wks $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 Thurs 10May 10 wks $250
SEW805 01 DRAPERY MAKING I 6:00pm-9:00pm Tues 8-May 10 wkI $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 applcaton 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


Course Description:




Pre-requisite:
Begins:
Duration:
Venue:
Tuition:


This course is for the beginner who knows very little about computers
and does not understand how it works. This course covers the major
computer concepts with extensive hands on practice of various software using:
(I) Microsoft Office Word Processing (ii) Microsoft Excel Spreadsheet (iii)
Microsoft Access Database Management.


None
Monday, 7"' May 2007
Saturday, 5"h 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:


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


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.
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
Course 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
(fewer than 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 9:00pm
6 weeks
CEES Computer Lab
$330.00


WEBPAGE DESIGN WORKSHOP
Course Description: 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.


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


Participants must be computer literate and have a basic knowledge of word-
Thursday, 14"' & 15"'h June 2007
9:30am 4:30pm
2 days
CEES Computer Lab
$550.00


ENQUIRIES: Contact the Co-coordinator at Tel: (242) 302-4300 ext 201 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 finest four pges of your passport. CEES reserves the right to
change Tuition, Fees, Course Content, Course Schedule and Course


EDUCATING &, TrANIL GBAHAMCNS


International Conference

Abolition of the Trans-Atlantic Slave Trade: Telling the Story
The College of The Bahamas
February 21-23, 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 21-23, 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 Sensibility
* Power and Enslavement
* Kinship across the Diaspora
0 Identity: Culture, Race and Gender
* Enslavement and Liberation: Pedagogy
* Liberation: Ideologies, Contexts and Dynamics
* Liberation: Simple Past or Present Continuous?

Please send abstracts as an attached Word file to Jessica Minnis, Chair of the Conference
Committee at abonlitionconfernce@cob.edu.ba no later than Friday, August 31, 2007.

Conference Structure

The conference will feature 20-minute papers from all disciplines, followed by 10-minute
discussions, presented in concurrent and plenary sessions. Panel and poster proposals
will also be considered. Such proposals should be as complete as possible.

Submissions (an 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

Deadline for Submission: Monday, December 31, 2007.
Accommodation for Non-Resident Delegates

Information will be forthcoming.

Registration


Three Days:
Day Rate:
Late Registration Fee:
Student Rate:
Student Day Rate:


$450:00
$150:00
$125.00
$150.00
$ 75.00


For information on the availability of student subsidies, please contact:
Vice President Research, Graduate Programmes and International Relations
Tel: (242) 302 4455

Registration is open and online at http://www.cob.edu.bs/abolitionconf.php.

THE COLLEGE OF THE BAHAMAS
Office of Research, Graduate Programmes & International Relations
In conjunction with the Offices of Academic Affairs and Outreach

Summer Research Workshop Series 2007
30th April- 11th May 2007
Gerace Research Centre, San Salvador

An Exceptional Opportunity for Building Research and Writing.Skills
Participants Completing Earn Continuing Education Units (CEUs)

Summer Research Workshop Series 2007 is designed to build research capacity through the
honing of critical research and writing skills as well as grant writing. In addition, the inclusion
of the module on marine pollutants provides a forum in which College/University faculty can
work in concert with governmental and non-governmental agencies on national issues.
Participants will select two of the following three modules:
Module I--Essentials of Technical Writing-(36 hours = 3.5 CEUs)
Facilitator: Dr. Padma T Venkatraman, Coordinator of Graduate Diversity, University of
Rhode Island
This modules in scientific writing has three main goals: (1) to show participants how to write a
technical manuscript (including, but not limited to a scientific research paper, a proposal to a
funding agency, or a thesis or dissertation) and to make informed choices about its content,
structure, and style; (2) to show how to use the English language to communicate the desired
message clearly, unambiguously, and efficiently; and (3) to show how to use the language to
communicate the message to the widest possible audience.
Module II-Principles of Grant Writing (36 hours = 3.5 CEUs)
Facilitator: Nancy B. Bell, Ph.D., Research Image (a worldwide research infrastructe service),
Marble Falls, TX
The goal of Principles of Grant Writing is to enhance the faculty-initiated grant application. The
objectives are to: 1). Determine the grant application requirements, review criteria and organization
required by the RFP; 2). Write integrated goals, hypotheses, objects, and outcome measures for
a scholarly project; 3). Match budget requirements and limitations to the project scope; 4). Prepare
a project summary and project plan draft; 5). Evaluate project design for innovation, importance,
feasibility, and significance; 6). Use tools to streamline and organize the application preparation
process; and 7). Evaluate studies involving human and animal subjects for appropriateness.
Participants will work in groups on interactive assignments to explore academic and scholarly
multidisciplinary strengths for possible future collaborations.
Module 111-Introduction to Marine Pollution (3.5 hours = 3.5 CEUs)
Facilitator: Dr. Rainer Lohmann, Assistant Professor, Graduate School of Oceanography,
University of Rhode Island
This module is an introduction to marine pollution emphasizing geochemical aspects of the
sources, transport, fate and effects of pollutants in the coastal marine environment. The pollutants
include oxygen-demanding waste, petroleum, metals, synthetic organic and radioactive/solid
wastes. Risk assessment and specific case histories will also be used to evaluate the environmental
impact of the pollutants.
EXPLANATION OF CEUs (Continuing Education Units)
Contact Hours per Module = 21
Group Contact/Session Collaboration = 5 per Module
Preparation/Individual Work = 10 hours per Module
TOTAL per Module = 36 (3.5 CEUs per Module)
Targeted Audience: The College of The Bahamas faculty, staff and representatives of government and non-
government organizations
Estimated number ofparticipants: 10-15 persons per module
Cost:
$820.00 per internal participant (Includes workshop fees--$300--plus room and board at GRC)
$1,015.00 per external participant (Includes workshop fees--$300--plus and room and board at GRC)
Participants will be accommodated at GRC on a first come first served basis (all roms are double occupancy.
Overflow will be referred to Riding Rock at $145 per night, double occupancy.
For further information and registration, please contact:
Dr Linda Davis, Vice President, Research, Graduate Programmes & International Relations
Tel: (242) 302 4315
E-mail: ladavis@cob.edu.bs
Mr Shan Higgs, Senior Clerk
Tel: Tel: (242) 302 4455
E-mail: shiggs@cob.edu.bs


mmmmmm


I I









THE TRIBUNE BUSINESS


THE COLLEGE OF THE BA1

Visit our website at www.cob.edu.bs EDUCATING & TRANINGBM


CENTRE FOR CONTINUING EDUCATION AND
EXTENSION SERVICES (CEES)

ACADEMIC UPGRADING DEPARTMENT
J2rt-time Instructor in College Prep Geography (New Providence Campus) Candidates must be able to
each Geography at the College Preparatory/BGCSE level. Candidates must have at least an earned
achelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the
vyel of BGCSE in the subject area.
Part-time Instructor in College Prep Mathematics (New Providence Campus) Candidates must be able
to leacth Mathematics at the College Preparatory/BGCSE level. Candidates must have at least an earned
bachelor'ss Degree in the subject area, a Teaching Certificate and five years of teaching experience at the
el of BGCSE in the subject area.
rt-time Instructor in College Prep Biology (New Providence Campus) Candidates must be able to teach
logy at the College Preparatory/BGCSE level. Candidates must have at least an earned Bachelor's
gree in the subject area, a Teaching Certificate and five years of teaching experience at the level of
3CSE in the subject area.
rttimne Instructor in College Prep Chemistry (New Providence Campus) Candidates must be able to
Bici Chemistry at the ,College Preparatory/BGCSE level. Candidates must have at least an earned
iBatchelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the
level of BGCSE in the subject area.
,art-time Instructor in College Prep Agriculture (New Providence Campus) Candidates must be able to
S.each Agriculture at the College Preparatory/BGCSE level. Candidates must have at least an earned
1Bachelor's Degree in the subject area, a Teaching Certificate and five years of teaching experience at the
1"-vel of BGCSE in the subject area.
SFPart-time Instructor in College Prep History/Social Studies (New Providence Campus) Candidates must
;fe. 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
experiencee 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.
.,art-time Instructor in College Prep English Language (New Providence Campus) Candidates must be
,Wle 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
'vel 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)
"nd 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
.1.. Nassau, Bahamas

PERSONAL DEVELOPMENT DEPARTMENT
Prt-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
fve at least an earned Master's degree or equivalent (e.g. CPA CA) in the subject. A teaching certificate
i~ desirable.
.Prt-time Instructor in Introduction to Business I & II (New Providence Campus)
tcindldate 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 Instructor in Bbsilieis Eticietdjew Provfldnce Campus)
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
(Fesirable.
#'art-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)
candidatess must be able to teach computer courses at the introductory to advanced level. Candidates
a must have at least an earned Bachelor's degree or equivalent in the subject. A teaching certificate is
desirable.
IFart-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.
teaching certificate is desirable.
iart-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.
P art-time Instructor in Information Technology I & II (New Providence Campus) Candidates must be able
:ti teach Information Technology I & II at the introductory to advanced level. Candidates must have at least
man earned Bachelor's degree or equivalent in the subject. A teaching certificate Is desirable.
'Art-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
Searned Bachelor's degree or equivalent in the subject. A teaching certificate is desirable.
*i *
jPert-time Instructor in Effective PowerPoint W/S (New Providence Campus) Candidates must be able to
staach Microsoft PowerPoint at the introductory to advanced level. Candidates must have at least an
earnedd Bachelor's degree or equivalent in the subject. A teaching certificate is desirable.
I
Part-time Instructor in Web Page Design Workshop (New Providence Campus) Candidate must be able
td teach Web Page Design at the introductory to advanced level. Candidates must have at least an earned
:Blchelor's degree or equivalent in the subject. A teaching certificate Is desirable.
iPirt-time Instructor in Interior Decorating I & II (New Providence Campus) Candidates must be able to
leach Interior Decorating at the introductory to advanced level. Candidates must have at least an earned
ppchelor's degree or equivalent in the subject. A teaching certificate is desirable.
i i
rt-time Instructor in Floral Design I II & Ill(New Providence Campus) Candidates must be able to teach
Ipral Design at the introductory to advanced level. Candidates must have at least a minimum of five years
working experience in the area.
Prt-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.
PIrt-time Inrstructor 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
Zeist five years working experience in the area.
U '
art-time Instructor in Drapery Making I & II (New Providence Campus) Candidates must be able to teach
Dlrapery Making at the introductory level to advanced level. Candidates must have at least a minimum
)f;five years working experience in the area.
SI
Hrt-thine Instructor in Bath and Kitchen Accessories (New Providence Campus)
ndidates 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.

2;.rt-time Instructor in Basic Car Maintenance(New Providence Campus)
,: ivei m a luisT Ti-T- ili teach Bh T -i i'T i n'llit- nce-' ltlf'iF IlF cilitoly 1o nadvanrc I lewvl Candidatef;
ist lhiive ;it lcaa 1:111 earned Bachelor's degree or eqi.ivalent inll the subject.
o' 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
ai detailed curriculum vitae, copies.of transcripts (original transcripts required upon employment)
4rin the names and contact information of three references addressed to:


*
S
U


Human Resources
The College of The Bahamas
Oakes Field Campus
Thompson Boulevard & Poinciana Drive
P. 0. Box N-4912
Nassau, lnl as


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
P. 0. Box N-4912
Nassau, Bahamas


Culinary & Hospitality Management Institute
INDUSTRY TRAINING DEPARTMENT

CULINARY COURSES
SUMMER SEMESTER 022007
co:.SE ODr CINS uL DAVS 1 11. IThON f mt E V- E V_ m..
A EON MATLLS
FOR NEW
STVDE'l1S) _____r_________
I, Bahmi..n Cui,inc COOK 80 May 17 0 cks Thuirs. 6:00-9:Opm $225.00 $10- $12 per week OCH I Mai I15
Kitchen
2. Gurnnet Cooking I COOK 823 M.,i 14 0 week Mon. 6:00-9:00pm $200.00 S20 per week CHMI Main 15
Kitchen
3. G6oml.c. ngl I COO(X)K 824 May 14 6 wek. Mon. 6:00-9:00pm $225.00 $20perweek CHMI Ma in 15
Kitchen
4 Cake & PaS r '.tk MAin I COOk 813 May 15 5 wckc T nuesfhurs 6:00-9:00pm $225.00 $10 $-S15 per week CHMI Lardr 15
Kitchen
5 CAtA l' P A. Maklil C(.C )KK 4 Ma) i, 1 5 weeks "T5es.'luirs 6:00-9:00pm $25000 $10-15 perweek CHMI Pastry 15
_____________ Kitchen ______
6. Bread Making COOK 810 May 14 6 wecks Mon. 6:00-9:00pm $200.00 S5 $10 per week CHMI Larder 15
S Kitchen
7( Cake Dcc tingII COOK817 May 14 5 weeks Mon/Wed 6:00-9:00pm $22500 $0-.$15 per week CHMI Ptrder 15
Kitchen
I or further information please contact the Industry Training Department of the
Odlinary & Hospitality Management Institute at 323-5804, 323-6804 or fax 325-8175.

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
P. 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.

INTERNATIONAL LANGUAGES AND CULTURES INSTITUTE

THE COLLEGE OF THE BAHAMAS

COURSE SCHEDULE
SUMMER 2007 Beginning April 16th

CONVERSATIONAL HAITIAN CREOLE 1: Mon/Wed: 6 8:00 PM
CONVERSATIONAL FRENCH I: Tues/Thurs: 4 6:00 PM
CONVERSATIONAL SPANISH II: Tues/Thurs: 6 8:00 PM
CONVERSATIONAL SPANISH I: Mon/Wed: 6:00 8:00 PM
ENGLISH AS A SECOND LANGUAGE: Mon/Wed: 4 6:00 PM
GERMAN 1: TBA
MANDARIN CHINESE 1: TBA

LOCATION: Munnings Building (next to KFC at the COB Roundabout, 2nd Floor, Room 15)

PRICE: $ 250.00 per course

SD A'.I'I()N: hors per" week for 7 1/2 weeks, tolnal course hours: 30 hours


TELEPHONE: 302-4584 or 302-4587

Communication" The Key to Global Understanding


1. .v I. I


PAGE 10B, TUESDAY, APRIL 10, 2007


i


"I









THE TIBUNETUESAY, ARIL 1, 207,SPAEESS


Residential


THE COLLEGE OF THE BAHAMAS
Visit our website at www.cob.edu.bls Lm- ,t. G c&7lTkA NING ELE IANS





SO th late





S. ~.- I': ..3-















"he College fTf he Bahamas mourns thipq.sat
oMr. .Roosevelt Delancy,- Janitor in Physical Plant.
Mr. Delancy was indeed a remarkable colleague and
friend who impaeetedshose who came to know hi*e .
HE W1H m BE MISSED.

. Vhe.funeral service for Mr. Delancy will be4 I
Be el Baptist Gfiurc, April 14, 2007 at 3:30pm.


af Ceis 0 ul (Re.st Qn vleaoe.


* By NEIL HARTNELL
Tribune Business Editor
AUS developer and
Bahamian architect
have teamed up to
develop a boutique, luxury 29-
unit residential complex on
Grand Bahama, which is
scheduled for completion in
summer 2008 with properties
selling for between $764,000 to
$1.065 million.
Port Terra Nova, which will
be located one mile east of
Freeport's Port Lucaya desti-
nation, is being developed by
Bahamian Donald Dean and
US developer Paul Kalomaris,
according to a release issues
by the US real estate agent
appointed as sales and mar-
keting agent.
The 29-unit property will
include penthouse, garden res-
idences and town houses, with
35-80 boat docks, and be devel-
oped by Port Terra Nova
Development Company and a
location called Smith's Point.
The phase one 'founders'
programme will offer units
ranging in price from $764,000
to $1.065 million. That pro-
gramme is to be launched this
week, with' the developers
intending that it allow prospec-
tive buyers an early opportu-
nity to become involved at
"pre-construction prices, 50 per
cent below the current
Bahamian market compara-
bles".
The development aims to
exploit Freeport's and Grand
Bahama's proximity to Florida,
especially areas such. as West
Palm Beach, where a large
number of wealthy, high-net
worth US residents live the


Baama tulfet novd


ideal target market for second
home residences in the
Bahamas.
In common with the Grand
Bahama Port Authority
(GBPA) and Grand Bahama
Development Company (Dev-
co), Port Terra Nova Devel-
opment Company views Grand
Bahama as an ideal second
home location, given that most
coastal areas in Florida are
now fully-developed and there
is no to little room left for con-
struction.
Partner
Mr Kalomeris, partner and
developer of Terra Nova
Development Company, said:
"The addition of this luxury
gated community truly com-
pletes our vision of providing
unique waterfront enclaves for
the up-scale market within
close proximity to US shores."
Each Port Terra Nova resi-
dence overlooks its own pri-
vate fixed dock. They range in
size from 2,281- 2,500 square
feet, and are available in three
configurations; two-bedroom,
2.5 bath garden residences and
townhouses, and the pent-
house with three-bedrooms
and 3.5 baths, including a semi-
private elevator.
The projectwill be built on a


natural elevation of 15 fbet
above sea level, and will Obrd-
tain a back-up generator "and
underground power.
The private marina will:be
constructed first, the develop-
ers said, with fixed docks corq-
taining 100 amp power stations
and dock boxes. Owners takp
full deeded fee-simple title for
both the residence and the
amenity of the private dock.
Terra Nova Development
said that apart from its Grand
Bahama venture, it was also
planning projects in Eleuth6ri
and Nassau, although it didliaT
release any details. 1
Mr Dean was described a$
the principal and lead designer
of The Architects Incorporat,
ed, a Grand Bahama-based
architectural, planning and
interior design firm. '
Among the projects the
company is said to have been
involved with are Freeport's
new police headquarters; the
Imperial Life and Family
Guardian buildings; the Star
General Insurance building;
and FOCOL' service stations.
Aquamarine Realty, the US
real estate sales agent for Port
Terra Nova, has been involved
with real estate sales at Old-
Bahama Bay on Gralid
Bahama and Emerald Bay' in
Exuma.


project for Grand




Bahama unveiled


MINISTRY OF EDUCATION, SCIENCE & TECHNOLOGY


IMPORTANT NOTICE

FINANCIAL COMMUNITY ADVANCED TECHNICAL
EDUCATION TRUST FOR BAHAMIANS (1973)

EDUCATIONAL ASSISTANCE FOR TECHNICAL STUDIES

Applications are invited from suitable candidates for consideration for financial
Awards offered by the above Trust at The College of The Bahamas or any accredited
Technical or Community College or University overseas, commencing September,
2007.

The Awards are intended to provide financial assistance for training at advanced
level in areas of technology where there is vital need for such skills in The Bahamas.
Areas of study include the following:

(a) Automobile, Mechanical and Architectural Engineering
(b) Aviation/ Maintenance
(c) Automobile or Marine Maintenance (gas or diesel engines)
(d) Air-conditioning and refrigeration
(e) Elevator Engineering
(f) Computer Engineering
(g) Marine Engineering (Coastal Management)
(h) Food Processing and Production techniques
(i) Manufacture of Clothing, Furniture, etc.
(j) Craft Production and Boat Building
(k) Radio and Television Technology/Mass Communication
(1) Medical Technology
(m) Crop Science
(n) Livestock Science
(o) Any other area of technology acceptable to the Selection Committee
Successful candidates will be required to pursue a course of study from (1) to not
more than three (3) years leading to a Certificate or Diploma (Not a Degree).

It is expected that candidates will seek admission to a recognized technical institution
of their choice.

Candidates should have successfully completed high school education in The
Commonwealth of The Bahamas and should preferably have attained G.E.C. '0'
level/B.G.C.S.E. certificates in appropriate subjects or completed courses of study
in a technical field. The value of each award will depend upon the cost and length
of course.

The successful candidates will be expected to return to The Bahamas on the
satisfactory completion of the course to give the country the benefit of their training.

Application forms may be obtained from the Scholarship and Education Loan
Division, Ministry of Education, Science & Technology, Thompson Boulevard.
Completed application forms should be returned in an envelope marked "Financial
Community Advanced Education Scholarship", Scholarship & Education Loan
Division, Ministry of Education, Science & Technology, P.O. Box N-3913,
Nassau, Bahamas to arrive no later than the deadline date.

APPLICATION DEADLINE : Thursday May 31st 2007

INCOMPLETE OR LATE APPLICATION FORMS
WILL NOT BE CONSIDERED


Credit Suisse Nassau


Branch

is presently considering applications for a

FINANCIAL CONTROLLER
The position is open to candidates with the following minimum requirements:
Main tasks:
Ensuring that the Branch's books and records are accurately recorded on a timely
basis
Reconciling profit and loss for various product types covering loans, derivatives,
structured notes and subordinated debt
Preparing all Branch, Group and Regulatory reporting to specific reporting
deadlines under US GAAP and Swiss GAAP
Preparing of reports for Senior management in London and New York
Ensuring that all Balance Sheet accounts are substantiated
Involvement in various investment banking and Group accounting issues and
projects
Advising front office on structuring trades for the Branch
Managing the assistant controller and influencing peers both in Bahamas and
other offices
Requirements:
CPA or equivalent qualification
A minimum of 7 years' post qualification experience in the banking industry
with at least 3 years experience in investment banking essential
Knowledge of US GAAP especially for derivatives and structured products
Experience with working with multicurrency trial balances and a full understanding
of foreign exchange risk management
Personal Qualities:
A commitment to service excellence
Ability to work under pressure and with minimum supervision
Good organizational and interpersonal skills
Ability to work independently
Good IT skills
Benefits provided include:
Competitive salary and benefits

APPLICATIONS MUST BE IN WRITING.
Persons not meeting the minimum requirements need not apply.
NO TELEPHONE CALLS WILL BE ACCEPTED.

Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas

DEADLINE FOR RECEIPT OF APPLICATIONS IS APRIL 18,2007.


CREDIT SUISSE


TUESDAY, APRIL 10, 2007, PAGE 11f3


THE TRIBUNE








PAGE 12B, TUESDAY, APRIL 10, 2007


THE TRIBUNE


iltfon marina developer





books at alternative sites


i page 1B


', ..;'it\ ownership of the
lil ll ,)1, Illithe Callildialln Coal-
meircial Workers Industry Pen-
'i.'v \ ;t o 1.'c .lgo tiatc
i:.c e t oi tlih land." Mr
F:-irk; I f : o.' intail teInn."
'oi. G)\c ierit understood
t eo hc k'ln foer the IJY project
:o go) ih'edI as originally
phi;ned, Mr Farl kas telling The
STriimu I : "[':Prticulirly in the last
six imont1is ot)r so,. overnmentI
i.;s be.'.,'\extremely su portive."


The Government's chief
investment negotiator, Sir Bel-
ton Bethel, who is also the
Hotel Corporation's deputy
chairman and managing direc-
tor, is understood to have met
with Adurion executives over
their Hilton investment and the
IGY project while in London
last month for his knighthood.
It is understood that while Sir
Belton communicated the Gov-
ernment's eagerness to see the
IGY project move forward, it
was reluctant to intervene in
negotiations between two pri-
vate sector parties on a com-
mercial transaction.


CO()-,:ONVWE ALTI OF THE BAHAMAS


.N 'liE SUPREME COURT

;q.i i:y Side


2007

No.00028


\ '.l MVTTE1R OF ALLTHOSE pieces parcels and lots of land
ib'. ,'o; ii ioi;, of hil original ( 'C o giantt to W.W. Natin and situate
o0 d 11,:.'aiiil 'snd western side of thle Main Queen's Highway North
,' N.,t \ll. Vctoia ill in the icinity of an area known as Palaris on the
:-;l f IS l\ .adolr one ofl the Islands of the (Commonwealth of The


AND

1'ni;E MATTER OF the Quitmig Titles Act, 1959 (Chapter 393)
Statute Law of Thie IBahamas revised edition 2001

AND

IN THE MATTER OF the Petition of BRUCE NIRO



NOTICE


tRLUCE NIRO, T"ie I'cetionei claim to be the owner in fee simple in
p '. ._ oi tic pit Les p..cels or lots of land hereiil.'lore described
..J a, c miadet application to the Supremne Court of the Commonwealth
Il The 1ahamas under Section 3 of the Quieting Titles Act to have the
title o the said pieces parcels or lots of land investigated and the nature
and ex:cnt thereof determined and declared in a Certificate of T'je.to...
be granted by the Couit in accordance with the provisions of the Act.

copies of a diagram or plan showing the position boundaries s .ape
marks and dimensions of the said pieces parcels or lots of land may be
inspirctld during normal working hours at the following places:

.I. Ti i.gistr. of the Supreme Court Bitco Building, East Street in
i: ui\ of '[Na;'s.u, New Providen(ce. The Bahamas.

it )'I i'halh irs of MNesis. Davis & Co., British Colonial Hilton,
1 01 oi Ii .. -10. 1 .b i"tOl01 Suite 400, #1 Bay Street, Nassau, New
'.t v ;ilt': e. t .' i rl;lli .s, Attorneys for tile Petitioner

SI'i" is hetl-y g.i en that any person or persons having a right of
Se>; ,,;o .v. claim or a claim not recognized in the Petition
i,',. iiii [iurty (30) days after the appearance of the Notice herein
:e, .; !h S,.iand aic on the Petitioners or the undersigned a statement
la.:. i m; ; the plscribed form, verified by an Affidavit to be filed


.l .iur of P;. such person to file and serve a statement of claim within
'ii\ )) 0day iercmn will operate as a bar to such claim.

S Dated this 2nd (lay of April, A.D. 2007

DAVIS & CO.
Chambers
British Colonial Hilton
Centre of Commerce
4thl Floor Suite 400
#l Bay Street
Nassau, Bahamas


The imminent general elec-
tion will also distract the Gov-
ernment's focus, its ministers
concentrating on becoming re-
elected, so any government
intervention is likely to be wish-
ful thinking on Ivy's part.
Mr Farkas said IGY had
already invested several million
dollars in the project over the
two years it has been working
on it, having finally received an
agreement in principle from the
Government just before Aduri-
on sought to alter the joint ven-
ture's terms.
Both CCWIPP and sources
close to Adurion had indicated
that they were drafting a new
offer they would present to
IGY, but Mr Farkas said: "We
have not received any revised
term sheet."
Contacts familiar with the sit-
uation said that both CCWIPP
and Adurion wanted the IGY


project to happen, and all three
parties were agreed on the end
objective. The only difference
currently was over how to get
there, with Adurion wanting to
redraft the joint venture IGY
agreement to ensure the deal
made sense to all sides and was
the most efficient, effective way
of working things.
The Tribune was told that
Adurion did not believe there
was a "deal breaker" issue to
be overcome, but it was
acknowledged that no signed
agreement with IGY existed
yet.
Failure to conclude a deal
with IGY would be a blow to
both the British Colonial Hilton
and the downtown Nassau rede-
velopment initiative, as the pro-
posed project would both
enhance the hotel and make it a
'magnet attraction' for visitors
and Bahamians, and provide


NOTICE

NOTICE is hereby given that MARIO MOISE OF MACKEY
STREET, NASSAU, BAHAMAS, is applying to the Minister
responsible for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that any
person who knows any reason why registration/naturalization
should not be granted, should send a written and signed
statement of the facts within twenty-eight days from the 10th
day of April, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nass'au Bahamas.





NASSAU PLASTICS COMPANY
THE SIGNPOST
AND THE TROPHY CASE

Wishing all our valued customers a
HAPPY EASTER!








We will be closed on
Tuesday, 10th April
in order to give our hardworking staff a
well deserved rest.
Reopening on Wednesday
ready to serve you even better!
PA, A pOA,9 1


SF A L
..'.. .K j A i0l
2'0i0i- .: I A ,r 201r C V
U I %, I V--.r-.. 01.r', -CflD igFOfqMOTAS DATPAIm MA1'ION 4
L / 1. SHARE INDIX- 1'SE05.51V /S % 0 8.'0
S.. *. P ous Close Today s Close Cn nq..- Dr.. .i FF t, 0 t _, F E ilo
/. . [.1 ,.. t 095 096 0 '1 1 '.,,, 0 0' 00 0 N P.1 000'
i :'- 10 o./ Bahirna,. h uperty Fund 11.59 11.59 0.00 1.689 0.400 6.9 3.45%
7' 10 B | rank of Buharnas 9.00 9.00 0.00 0.737 0,260 12.2 2.89%
SI0.70 Beriuhniark 0.85 0.85 0.00 0.265 0.020 3.2 2.35%
1 2 I ( Ulrt,s Waste 2.30 2.30 0.00 0.199 0.060 11.6 2.61%
S 1.. .12 Fid,lity 132 lk 1.30 1.30 0.00 0.170 0.050 7.6 3.85%
I' J; 100 Cablu 3 i0h1liatt, 10.35 10.35 0.00 300 0.915 0.240 11.3 2.32%
0: 1 0C Colina I ul(lmgIs 2.10 2.10 0.00 0.078 0.040 26.9 1.90%
4 9 i)j Cor(utinweallh Bank 14.19 14.19 0.00 146 1.084 0.680 13.1 4.79%
' ;. i .14.22 Cunsuildatod Water BDRs 4.80 4.76 -0.04 211 0.118 0.045 40.7 0.94%
8 2.40 Doctol'r Hospital 2.46 2.46 0.00 0.295 0.000 8.3 0.00%
,2, 5 4 FaniurIId 5.94 5.94 0.00 0.552 0.240 10.8 4.04%
1. 'I; ; ,03 I -inco 12.49 12.49 0.00 0.779 0.570 15.7 4.58%
! I |1 *50 1FrtlCaribbean 14.6,1 14.61 0.00 0.977 0.500 15.0 3.40%
1 / T ).AU Focol 17.06 17.06 0.00 1.644 0.510 10.4 2.99%
1 ', I0S Freepurt Concrote 0.50 0.50 0.00 -0.434 0.000 N/M 0.00%
1 .'1 7.10 ICD Utilities 7.25 7.25 0.00 0.532 0.100 13.6 1.38%
.) i; .!.2 .1. S. Johnson 9.05 9.05 0.00 0.588 0.560 15.4 6.19%
1, ,) 1)1 f ) r'lumier Roal Estate 10.00 10.00 0.00 1.269 0.795 7.9 7.95%
S'. : t Securittie
; '.',, ', :v.A Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div $ P/E Yield
HI 1 0 1 ;'. 5 f.'iianma; Supormnarkets 14.60 15.60 16.00 1.766 1.125 8.8 7.71%
I? 14 1(t I ribhben Crouing. (Pref) 8.00 8.25 10,00 0.000 0.640 NM 7.85%
I0 111r Holdintgs 0.45 0.55 0.20 0.021 0.000 26.2 0.00%
S. ftP:ppThe-4i hunter Securities
( IU, : I AF;I)AFl 41.00 43.00 41.00 2.220 0.000 19.4 0.00%
.1 0 I. i .,' I ,.irn.;t Stipernmarkets 14.60 15.50 14.00 1 770 1.320 8 3 9.04%
S;l Ii r i ,rdlrniqiu 0.45 0.55 0.45 -0.070 0.000 N/M 0.00%
,.: *,-;*,'Blp l6 MBtual Funds '
v.. '1v .... I'und N ni.i NA V YTO' L- 1 .' Months Div $ Yiold %
I ,r I 1; ; .,ih,;, Mor-y Markot Fund 1.333665"
'A.; ,ln i ,.l;ty Bal, nla, G & I Fund 3.0988*"
*' '$,', i .l, )I M lI Preferred Fund 2.625419**
zt : 1 1''., f [,- B ond Fund 1.233813."".
SI .;9' ( 10 ,'. I *,i..liy Prime Income Fund 11.3945"**..
...... :Fl', ag .?O .8I9% /O 6e 34.4 7%
AIr, .I llf 1- i i 11 'U" O MARr.EF TERM.MS ih O 1 Sl I .V...'-. 1 .1 .JZ' J li. 1. L. '. i ,. i NAV ilY
t i .1 p,i Bid $ Buying price of Colina and Fidelity
S. ' k ..' in w Ask $ Soiling price of Colina and fidollly 23 Mnich 2007
S.,' i ... .* v/ in toI p-lce fort daily volume Last Price Last traded over-the-counter price:o
., ,' ... : m m. .v iihtud pftl,. for daily volume Weekly Vol. Trading volume of tile prior week "* Foltumry 2007
K ,,,) l I l ,11. fi.I ly to d;iy EPS $ A company's reported earnings per shal e for the Inst 12 Tnths
Sl'/ I l,,,i l ,1, , imrftl dj ttnly NAV Net Asset Value *' 31 Jnnuary 2007
hi '- i lai t 12 month N/M Not Meaningful
,. h. ;t l12 month n, rtinugs FINDEX The Fidelity Bahamas Stock Index, January 1, 1994 = 100 "" 28 February 2007
"". 8 February 2007
....I.... I ,'. .'O . g. A,1 t I'/bR MOF#F DATA, I. iNFORrqATION CAI I. I32'") 394-2503


another 'anchor' to revitalize
that part of Bay Street.
IGY specializes in reinte-
grating waterfronts back into
their communities and tourist
industries, having done this with
its newly-opened flagship devel-
opment, the $150 million Yacht
Haven Grande on St Thomas
in the US Virgin Islands. This
features a 70-room hotel and 12
luxury condos, and the compa-
ny's target market is five-star
marina developments.
An economic impact study
predicted that the IGY.project
would generate "very substan-
tial employment", creating 700
direct full-time jobs and anoth-
er 400 indirect permanent jobs
for Bahamians. The indirect
jobs will be created at suppli-
ers of goods and services to the
development, and through ser-
vices provided to yachts.
The study also forecast that
the IGY development would
create 200-250 full-time jobs
during construction, and has a
total economic impact of $222.8
million over a 20-year period.
Ivy's proposed marina on
West Bay Street would have 72
slips, catering chiefly to the larg-
er yachts and vessels, those of
between 100-150 feet to 200 feet
and longer.
The development will feature


a boutique hotel of about 150-
200 rooms, several restaurants,
retail and a parking structure
for over 300 cars.
Adurion itself has made a
more-than $30 million invest-
ment commitment to revitalize
the Hilton, including a $15 mil-
lion refurbishment pro-
grammed, after taking control
of the British Colonial Devel-
opment Company from its
Canadian pension fund partner.
The West Bay Street marina
is the first one that IGY will be
developing, owning and build-
ing from scratch in the
Bahamas, and it is also involved
in a potential deal with Kerzner
International to redevelop Hur-
ricane Hole marina on Paradise
Island.
IGY and its subsidiary,
Applied Technology and Man-
agement, have provided design,
development, operational,
financing and engineering assis-
tance to the Atlantis marina on
Paradise Island, the Bimini Bay
Resort and Casino; Emerald
Bay and Crab Cay in the Exu-
mas; Old Bahama Bay;
Freeport Harbour; Great Gua-
na Cay; Hatchet Bay Marinas
in Eleuthera; Whale Cay in the
Berry Islands; the Windermere
Club in Eleuthera; and Disney's
Gorda Cay.


JEWELLERY SALES ASSOCIATES

Must be...
Honest, Reliable, Dedicated,
Professional, Energetic &
SELF MOTIVATED

Excellent $$$ Bonus Potential


DO YOU HAVE WHAT IT TAKES?

If the answer is YES then take the next step.
FAX RESUME TO 326-2824







NOTICE

IN THE ESTATE OF NAVONNE N. ANDRE (a.k.a)
NAVONNE ADAIR ANDRE late of Ramsey, North
Oaks in the State of Minnesota one of the United
States of America, deceased

NOTICE is hereby given that all persons having
any claims or demand against or interest in the
above Estate should send same duly certified in-
writing to the undersigned on or before 27th April,
2007 after which date the Executor will proceed to
distribute the assets of the Estate having regard only
to the claims, demands or interests of which he shall
then have had notice AND all persons indebted to
the above Estate are asked to settle such debts on or
before 27th April, 2007.

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









(V')"KA-CHING!"
MONEY IN YA' POCKET!


BUY GOOD QUALITY, SLIGHTLY USED
GOODS FOR

50% 80% OFF
THE ORIGINAL
RETAIL PRICE.

PLUS, GET CASH FOR ANY NEW OR
USED ITEMS YOU HAVE LYING
AROUND YOUR HOUSE THAT YOU
DON'T NEED OR WANT?

Located inside Pricebusters store,
#361 Soldier Road.
Tel: 393-0535







TET IBN TUSAARL1,20,PG 3


Abac4





sells





for


ABACO Markets may have
made a $150,000 profit from


Markets


BSL stake





$2.65m


the sale of its BSL Holdings
stake to other shareholders in


the buyout group that last sum-
mer acquired Winn-Dixie's 78


Tourism/Hospitality Scholarship Opportunities
The Patrick S.G.Bain, BHEA, BHA and BHC&AWU
Hotel Industry Partners Scholarship Fund
$25,000.00 available to industry professionals and students interested in a career in
HospitalityiTourism
* 6 Scholarships valued at & $4,000.00 each, tenable at The College of The Bahamas


Train For Careers In:-
* Hospitality Management
* Equipment Maintenance
* Information Technology
* Marine and Environmental Sciences
* Engineering


Applications Available At:


Hotel Centre House
S.G. Hambros Building
West Bay Street, Southern Entrance
P.O.Box N-7799
Nassau, N.P, The Bahamas


* Marketing
* Culinary Arts
* Accounting and Finance
* Laundry
* Horticulture Sciences
* and other industry-related career areas


Workers
Tonique Williams-Darling Highway
P.O.Box GT-2514
Nassau, N.P, The Bahamas


Telephone: 322-8381 / 502-4245; 502-4222/323-5933
or visit us at www.bhahotels.com or www.bhcawu@yahoo.com
Applicants must:
Be Bahamian
Have a minimum G.PA of 2.85
Pledge to pursue a career in hospitality/tourism
Meet other requirements
DEADLINE EXTENDED TO APRIL 15, 2007


per cent majority stake in
Bahamas Supermarkets for
$54 million.
The 1BISX-listed retail group
confirmed that it had complet-
ed the divestment of its stake
in BSL Holdings to the other
investors in proportion to their
holdings for a price of $2.65
million.
The $2.65 million, which is
the proceeds from an all-cash
transaction, is higher than the
$2.5 million that Gavin
Watchorn. Abaco Markets'
president, said the company
was paying for its initial 10 per
cent stake in BSL Holdings.
In a statement on the sale,
lie added: "This is a tremen-
dous step forward for Abaco
Markets as the transaction,
along with the recently
announced agreement for sale
of our Turks property, elimi-
nates the company's debt and
the related debt service costs
our group has been challenged
with in recent years.
"This allows us to reallocate
critical resources to move for-
ward completely focused on
our daily operations in our
core markets," said Mr
Watchorn.


O


BAHAMAS ELECTRICITY CORPORATION



INTERNAL AUDITOR
INTERNAL AUDIT DEPARTMENT
A vacancy exists in the Corporation for Internal Auditor in the Internal Audit
Department.
The job executes various audit and investigation assignments as stipulated in the
Schedule of Activities formulated by the AGM Chief Internal Auditor; supervises
and directs the activities of the Audit Clerks, and offers technical assistance to the
Assistant Internal Auditors. The internal auditor trains subordinate staff; assists the
External Auditors with joint audit efforts for the year-end audit; produces audit
programs; produces audit and investigation reports as well as monthly and quarterly
reports; assists the AGM-Chief Internal Auditor with annual plans and corporate
research.
The duties and responsibilities for this job is as follows, but not limited to:
Produce audit programs and submit for approval of the Chief Internal Auditor
Conducts complete risk assessment for areas being audited
Conducts financial, operational and ITS audit assignments in accordance with
established audit programs
Produces complete file of audit working papers
Produces audit reports on audit concerns and recommendations in accordance
with the IIA Standards
Conducts some confidential audit investigations, evaluate finding & produce
reports; exercising the IIA's ethical standards
Conducts reviews of budgetary systems (including variances analysis), policies,
manpower efficiency and new computer applications
Discusses audit concerns with the relevant Department/Section head and seek
agreement to implement recommendations
Supervises work of Audit Clerks and conduct review of work done
The incumbent should also have:
A Bachelors degree in Accounting or other closely related discipline and a
professional accounting qualification e.g. CPA, CA or ACCA
Obtaining the CIA would be highly desirable
Five years post certification experience in auditing and general accounting
with experience in interviewing, producing reports and making verbal
presentations
Interested persons may apply by completing and returning an Application
Form to:
The Manager-Human Resources & Training,
Bahamas Electricity Corporation,
Blue Hill & Tucker Roads,
P.O. Box N-7509 Nassau, Bahamas
on or before: April 20, 2007.


GERACE RESEARCH CENTRE SCHOLARSHIPS
(FORMALLY) BAHAMAS FIELD STATION AWARDS

MINISTRY OF EDUCATION, SCIENCE & TECHNOLOGY




Applications are invited from suitably qualified persons for nine (9) full scholarships
and two (2) partial scholarships tenable at accredited institutions in the United States
of America under the Bahamas Field Station/Ministry of Education Agreement (1971),
commencing September 2007.
Under the Agreement, participating Colleges and Universities will offer full tuition
scholarships and the Ministry of Education, Science & Technology will pay board and
lodging charges.

Applicants should have gained admission into one of the following institutions where
the number and type of awards available is indicated:

ALBRIGHT COLLEGE, Reading, Pennsylvania 1
WITTENBERG UNIVERSITY, Springfield, Ohio 1 PARTIAL
DICKINSON COLLEGE, Carlisle, Pennsylvania 2
IIARTWICK COLLEGE, Oneonta, New York 2
MIAMI UNIVERSITY OF OHIO, Oxford, Ohio 1 PARTIAL
UNIVERSITY OF NEW HAVEN, New Haven, Connecticut 1
ELMIRA COLLEGE, Elmira, New York 1
EMPORIA STATE UNIVERSITY, Emporia, Kansas 1
YOUNGSTOWN STATE UNIVERSITY, Ohio 1

Application Forms will be accepted only for the Colleges/Universities specified
above.

Applicants must be Bahamian citizens, should have successfully completed high school
education in The Bahamas, and be in possession of at least 5 G.C.E./B.G.C.S.E. subjects.
including English language and Mathematics at grade A, B, or C.
Bahamian citizens currently pursuing studies at one of the named institutions may apply
for this award and should submit an up-to-date transcript along with the completed
application form.
Applicants should note that the area of study must be one deemed acceptable for the
further development of the country.
Further details and application forms may be obtained from the Scholarship and Education
Loan Division of The Ministry of Education or from the Ministry of Education website
at
Completed application forms should be returned to The Scholarship and Education
Loan Division, Ministry of Education, Science & Technology,
P. 0. Box N-3913, No later than Monday, April 30th, 2007.
Application forms received after this date will not be considered.
SCHOLARSHIP & EDUCATION LOAN DIVISION
MINISTRY OF EDUCATION


TUESDAY, APRIL 10, 2007, PAGE 13B


THE TRIBUNE


Mortgage Specialist
RBC FINCO, Freeport
and Main Branch
The successful candidate should possess the following
qualifications:
* ACIB OR ABIFS Diploma or degree in in Banking (or.
a related field).
* Previous experience in portfolio and liability
administration would be an asset.
* Exhibit good selling & negotiating skills.
* Self-motivated and able to work with minimal
supervision.
* Ability to make sound credit analysis
* Microsoft Office skills (Word, Excel, Power Point)
Responsibilities include:
* Contributing to meeting team sales plans by acquiring
and growing profitable client relationships.
* Providing customized solutions and financial advice
designed to satisfy the client's long-term goals on
obtaining a mortgage.
* Seeking out new clients by developing relationships
within the community and local centres of influence.
* Enhancing the experience of existing clients by
providing accessibility and one-on-one advice and
valuable information on the intricacies of having a
mortgage.
* Successfully anchoring clients with the appropriate
delivery channel within RBC Financial Group.
A competitive compensation package (base salary &
bonus) will commensurate with relevant experience
and qualifications.
Please apply before April 16th, 2007 to:
Regional Manager
Human Resources
Caribbean Banking
Royal Bank of Canada
Bahamas Regional Office
P.O. Box N-7549, Nassau, N.P, Bahamas
Via fax: (242)328-7145
Via email: bahcayjp@rbc.com







THE TRIBUNE


PAGE 14B, TUESDAY, APRIL 10, 2007


NOTICE
NOTICE is hereby given that BESHY LAVAUD OF
WILSON ST., P.O. BOX GT-2043, 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 3rd day of April, 2007 to the
Minister responsible for Nationality and Citizenship, P.O.Box
N- 7147, Nassau, Bahamas.



A Sales Man Needed Urgently
We are a growing retail company, wevc arc offering:
Base Salary, Bonuses, Pension Plan, Training and lots of
Fun. We are looking for: A young man between the age of
17 and 25, he must be Energetic, Out
Going, Stable, Hard Working, Well Groomed, Honest and
Reliable.
Interested then call for an interview
356-4512 or 356-4514


NOTICE
NOTICE is hereby given that MARCELLINE YIMMY OF
NASSAU STREET, NASSAU, BAHAMAS, is applying to
the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 10th day of April, 2007 to the Minister responsible
for Nationality and Citizenship, PO.Box N- 7147, Nassau,,
Bahamas.


ABACO ESTATE SERVICES
REAL Esrxti SALES ,VA(ArION R:ENTALs

RESTAURANT/BAR

FOR SALE

Treasure Cay, Abaco, Bahamas
* Located on Hwy at Treasure Cay Entrance
* 26,136 sq. ft. Prime Commercial Property
* 2,818 sq. ft. Fully Equipped Restaurant Bldg.
* 20 Dining Tables with Seating Capacity of 70
* Great Potential Catering to Affluent Treasure


Cay Community


B$517,000.


HOUSE FOR SALE
OWN YOUR PIECE OF PARADISE!
* 3 Bedroom, 2 Bath, Fully Furnished Home
* 2,244 sq. ft. Under Roof, Recently Renovated
* Just One Block From Treasure Cay Beach
* 11,280 s/f Fully Enclosed, Well Maintained Property
* Exceptional Value! $345,000.


HOUSE FOR SALE
* 2 Bedroom, 2 Bath Furnished House, plus Patio
* 1,240 sq. ft. Living Space plus Storage Shed
* Approx 13,500 sq. ft. Parcel within Treasure Cay
* Enjoy Privacy, Near Beach & Golf Course
* Option to Purchase Adjoining Lot $268,000.

Contact us Today for Further Details

Info@abacoestateservlces.conm iH: (.242) .A'i i (2?1)365 8753


Bahamas eco-friendly





advantage in danger


FROM page 1B


Bahamas will find itself at a
competitive disadvantage.
According to Mr Henry,
important steps have already
been taken in this regard, such
as the import and stamp duty
exemptions for solar panels to
facilitate less reliance on
Bahamas Electricity Corpora-
tion (BEC) generated electrici-
ty, but he said more can be
done.
"More businesses are realis-
ing the cost efficiency of this to
their electricity bills for things
like water heaters. Right now,
solar hot water heaters and the
actual solar panels for making
electricity from the sun are both
duty free, but also we must
include in that the components
that would be used for those
kinds of systems. Right now, as
far as I know, they are not duty
free, but we are making steps
towards that," Mr Henry said.







ISIGHT

-I-hesore
bein hene s


During a presentation on
energy conservation at the
Bahamas National Trust
Retreat, Mr Henry outlined the
unique and effective ways
through which the Cape
Eleuthera Institute and the
Island School are preserving the
environment and conserving
energy.
A hallmark of the new Insti-
tute facility is the solar-powered
Wege Centre for Sustainable
Fisheries. This building houses
hatchery facilities and wet labs
for the development of sustain-
able aquaculture, including off-
shore cage culture, bonefish
energetic studies and sponge,
conch and lobster grow-out.
The Wege Centre will generate
electricity for the entire facility,
and represents the first-ever
BEC grid inter-tie in the
Bahamas.
Mr Henry explained that
although the law prohibits indi-
viduals from generating their
own electricity, the Institute has
been granted special leave as a
research facility.
The Cape Eleuthera Institute
(CEI) was launched in February
2003 by the Cape Eleuthera
Foundation to provide authen-
tic research opportunities for
students, and to model sustain-
able systems for developing
nations. The CEI is half-way
through a capital campaign to
build a campus that will be one
of the most ecologically respon-
sible facilities in the Caribbean,
and possibly the world.
Mr Henry explained that the
compound has a solar-panelled
roof, which gives it the ability to
heat all water without having
to use electric water heaters that


NOTICE
NOTICE is hereby given that ANNETTE JOSEPH OF
DRY HILL ROAD, NORTH PALMETTO POINT, ELEUTHERA,
BAHAMAS is applying to the MinIster responsible for
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 31st day of
March, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.








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consume more energy.
This system has been expand-
ed to a number of other prop-
erties on Eleuthera, such as the
multi-million dollar Cotton Bay
Resort project, which has
ordered 55 units.
Further, Cape Eleuthera gets
about 250 gallons of used cook-
ing oil from Princess Cruise
Lines each week, which it
refines in an on-site plant and
then uses to power diesel cars.
Mr Henry said the result is
that the cars all smell like
French fries, but they have elim-
inated the need for gasoline.
When one considers the
amount of hotels and restau-
rants which have oil to dispose,
the results can be staggering, he
added.
During the refining process,
glycerin is released as a by-
product. Mr Henry said glyc-
erin is a component of soap, and
although Cape Eleuthera does
not manufacture soap as yet, it
does use glycerin for burning
purposes and for compost.
Mr Henry said that what is
being done in Eleuthera is
transferable to Nassau or any
of the more populated Bahami-
an islands.
"It's very transferable. With a
change in government policy to
allow a very small percentage -
maybe 2 per cent of the total
gird connected supply to comes
from renewable energy, I
believe there would be a
groundswell of support from
both local people who feel good
about polluting the environ-
ment less to use electricity, but
also from people who are clients
of the Bahamas and who come
here for touristic reason; to be
able to visit a place where the
environment is preserved," Mr
Henry said.
He added: "Small successes
will breed larger successes,
which will breed large-scale suc-


cess. I don't think that anyone
should be asked to do some- .
thing that he does not want to
try, but I do believe that seeing
what has already been proven '
to work will result in a new
mindset."
Mr Henry said initially it may.
be difficult to persuade some-
one that spending $7 for a fluo-
rescent lightbulb would be more
efficient than buying a standard
$2 bulb, but if people try it, then
they would see the benefits.
"If you look carefully,.those
big establishments such as
hotels have started doing that,"
he added.
However, Mr Henry said that
for this to happen, the invest-
ments incentives and tax breaks
provided by the Government
would have to be right.
Other ways of conserving -,.4
energy, he said included simple -.
steps such as turning off lights
when not in use, turning up -
thermostats, and in hotels ask- -
ing guests to reuse their linens, .
which would result in having to
run less washes. In addition,
persons can convert to more
energy-efficient appliances.
Mr Henry added that in the .
US, there is a push to use
ethanol a by-product of corn -
for fuel burning. This push is
because the US government
subsidies corn production, but P"
Mr Henry said that one of the
down sides of this is that corn
fertilizer uses petroleum. A
more efficient product is sugar.
Brazil has captured the mar- -
ket in ethanol use because it
can grow massive amounts of '
sugar cane cheaper. "
But the US government,
again to help the corn industry,
has high tariffs on the import
of sugar, which is why US soft
drinks contain corn fructose
syrup because it is cheaper to -
use that rather than imported
sugar.


Company

Administrator

able to work on own initiative -Must be able to
correspond with clients, must be conversant with
all aspect of company administraton-preparation of
minutes, liquidation of companies, preparation and
filling of annual returns, redomiciliationofcompanies,
have a sound knowledge of International Business
Companies, Foundations, Protected Cell Companies,
Private Trust Companies, Companies incorporated
under the Companies Act 1992-must have Good
accounting background. Must be computer literate.


Qualified Applicants please e-mail:
jsmi 1143@hotmail.com



NOTICE

NOTICE is hereby given that MOISE LUGENS OF
MINNIE ST., NASSAU, BAHAMAS, is applying to the
Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 3rd day of April, 2007 to the Minister responsible
for Nationality and Citizenship, P.O.Box N- 7147, Nassau,
Bahamas.



NOTICE
NOTICE is hereby given that CHRISTOPHER FINGER OF
BRISTOL PARK DRIVE, APOLLO BEACH, FLORIDA,
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 10th day of April, 2007 to the
Minister responsible for Nationality-and Citizenship, P.O.Box
N- 7147, Nassau, Bahamas.



NOTICE
NOTICE is hereby given that JACQUELINE DORVIL OF
NEWTON CREST #39, P.O.BOX F-44619, FREEPORT,
GRAND BAHAMA, 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 10TH
day of APRIL, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.


I


BUSINESS


7lram Tti








TUESDAY, APRIL 10, 2007, PAGE 15B


THE TRIBUNE


Coalition


'left in


dark'


on NHI benefits study


* By NEIL HARTNELL
Tribune Business Editor
The National Coalition
for Healthcare Reform
told The Tribune that
despite having many discussions
with the National Health Insur-
ance (NHI) project implemen-
tation team, it only learnt that
the Government had hired a
second set of consultants to
develop the scheme's benefits
package through reading this
newspaper.
Stanley Lalta, the NHI pro-
ject team's manager, said last
week that the Government had
hired a Costa Rican firm,
Sanigest International, to work
with it on developing the
scheme's benefits package and
payments system.
In response, Winston Rolle, a
former Chamber of Commerce
president and Coalition repre-
sentative, told The Tribune:
"The first time we heard of it


was in the article with Stanley.
We've had numerous discus-
sions with Stanley, but this is
the first time I'm hearing that
this second consultation is going
on."
Mr Rolle said Sanigest Inter-
national had worked on imple-
menting similar social health
insurance programmes in Chile,
and questioned what the Gov-
ernment's failure to disclose this
hiring meant with regard to con-
sultation over the NHI plan.

Explained

He explained that the Coali-
tion knew all about the Wash-
ington-based company, DAH
Consulting, that had been hired
to do an economic assessment
of NHI's impact, adding: "To
date, the Coalition has not had
ant discussions, dialogue and
requests for information with
respect to benefits. Nothing has
come to the Coalition saying


what has been proposed and
can you give your comments,
feedback."
The Government and its NHI
team are seeking to complete
all further work on the plan,
including is regulations and
devising its benefits, before
year-end, so that the scheme
will be ready for implementa-
tion from January 1, 2008, if the
current administration is voted
back into office.
Mr Rolle said the Coalition
had recognized this was always
the likely intention, adding of
the current consultant hirings:
"It shows for the most part
there's a lot of pieces they don't
have together and are still try-
ing to figure out.
"It's obvious that a lot of the
legwork they should have done
before putting together and
passing the legislation, and hav-
ing any discussions, they're just
putting together now. It's a very
backwards way of doing it."


In an article in today's Tri-
bune, Dr Bernard Nottage, min-
ister of health and national
insurance, said the Government
would not be "deterred" from
its NHI plans, adding in a ref-
erence to the Coalition: "There
are all sorts of groups around
here doing all sorts of surveys to
find reasons why sick people
should not be able to get the
care they need when they need
it in the Bahamas, but .. we
will not be deterred."
Mr Rolle described this as
"ridiculous", explaining that the
Coalition was for healthcare for
all Bahamians, but wanted "to
ensure" this was done in a "tru-
ly sustainable, equitable and
viable fashion".
Dr Nottage also questioned
the methodology used by the
Segal Group to obtain the sur-
vey results for the Coalition,
which found that just 21 per
cent of employers supported
NHI in its present form.


BISX Rules reform 'step in the right direction'


FROM page 5B

know how well the firm has
performed and whether it will
meet or exceed expectations.
The areas targeted for
reform by Mr Davies and
BISX are among those that
have long been identified by
observers as being among the
weakest in the Bahamian cap-
ital markets regulatory set-up.
They have also been addressed
by regulators globally.
These are the timeliness and
transparency of financial
reporting and material disclo-
sures by BISX-listed entities;
corporate governance and
Board composition issues,
relating mainly to independent
directors; and giving teeth to


the penalties and sanctions that
BISX and Bahamian regula-
tors can enforce against com-
panies and market participants
who breach the rules.
The moves to amend the
BISX rules also coincide with
moves by the Securities Com-
mission of the Bahamas and
the Government to reform the
Securities Industry Act 1999,
the chief governing law for the
Bahamian capital markets.
The reforms to the Act are
likely to include some form of
mergers and acquisitions
takeover code; the protection
of minority shareholder inter-
ests; and minor deficiencies in
the existing legislation.
The Act also proposes mak-


Legal Notice

NOTICE


LANGDALE ADVISORY LIMITED

IN VOLUNTARY LIQUIDATION

Notice is hereby given that in accordance with section 137 of the
International Business Companies Act 2000 LANGDALE
ADVISORY LIMITED is in dissolution.

The Date of the Commencement of dissolution was 4th April 2007.
David Thain of Arner Bank & Trust (Bahamas) Ltd., Building 2
Caves Village, P.O. Box N-3917 is the Liquidator of LANGDALE
ADVISORY LIMITED. All persons having claims against the above-
named company are required to send their address and particulars of
their debts to the Liquidator before the 4th May 2007.



Wd.,




HUMAN


RESOURCES &


OFFICE MANAGER


Seeking EXPERIENCED
Human Resources & Office Manager.
Salary will be commensurate with experience.
Only persons meeting the requirements
below should apply.



* A Bachelor's Degree in HumanResources

* At least Five (5) years experience in Human
Resources

* Working Knowledge of the Employment
Act, 2001



Please submit your application via email to:


bahamasexecutivesearch @ gmail.com


ing the Securities Commission
accountable to a Parliamen-
tary sub-committee, rather
than a minister, making it inde-
pendent and bringing it into
line with the principles set out
by IOSCO, the international
securities regulator.


A key issue with both the
BISX rules reforms and Secu-
rities Industries Act, as ever in
the Bahamas, is whether they
will have real teeth and be
enforced. This nation has many
laws on the books that are not
properly implemented.


Mr Rolle said he found this
interesting, as the "shoe was on
the other foot" now. The Coali-
tion and others had repeatedly
asked the Government to reveal
the full report, and all its
methodologies, that backed the
eight-age summary of what NHI


would cost, but it had not done.:
, so. This meant the public was,
unable to substantiate any of,
the calculations underpinning'
the NHI scheme. j
Now, the Government was;
using exactly the same angle to
attack the Coalition's work.


COMMONWEALTH OF THE BAHAMAS


IN THE SUPREME COURT


2003 _.


GEN/CLE No.02153-


Common Law Divison


,I,'


BETWEEN


HENRY & ELIZABETH MOXEY


Plaintiffs ""


AND
THE OFFICE OF THE PRIME MINISTER
1st Defendant
and
THE BAHAMAS NATIONAL TRUST
2nd Defendant-


THE ATTORNEY GENERAL


ORINGINATING SUMMONS


3rd Defendant -
-woU
vat.
HI W3


TO: HENRY MOXEY & ELIZABETH MOXEY
Joe Farrington Road (Roberts Gas Station / World of Tyres)
Nassau, New Providence (the Plaintiffs herein).


War
w


LET THE PLAINTIFFS within fourteen (14) days after service
of this Summons on them inclusive of the day of service, cause
an appearance to be entered to this Summons which is issued on
the application of THE BAHAMAS NATIONAL TRUST (the
Second Defendant herein) Village Road Nassau, The Bahamas
for an Order of Vacant Possession of ALL THAT certain lot piece
or parcel of Crown Land being Ponds and Marshland at Harold
and Wilson Ponds and shown on a plan or diagram on record in
MP File 5148 in the Department of Lands and Surveys situate
Northwardly or Fire Trail Road and Eastwardly of Sir Milo Butler'
Highway in the Western District of the island of New Providence
in the Commonwealth of the Bahamas on the ground that they are.>
entitled to Vacant Possession and that the Plaintiffs in occupation
are in occupation without licence or consent.

By this Summons the Second Defendant herein claims against the,*'
Plaintiffs:
'"'t1'


1. Vacant Possession of ALL THAT certain lot piece
of parcel of Crown Land being Ponds and Marshland
consisting of Harold Pond and Wilson Pond and shown
on a plan or diagram on record in MP File 5148 in the
Department of Lands and Surveys situate Northwardly
or Fire Trail Road and Eastwardly of Sir Milo Butler
Highway in the Western District of the Island of New
Providence in the Commonwealth of the Bahamas
Abutting and Bounding towards the West. partly on Lands
Granted to Island Gases as Grant Numbered A8-60 partly
on Crown Land and Sir Milo Butler Highway towards the
North partly on lands now or formerly Alexander Harold
Grant partly on Lands Granted to W. Skees being Grants
numbered A4-21 and A4-20 partly on Lands Granted to
C. Harris being Grant numbered A4-46 partly on lands
Granted to H. McKinney being Grant numbered A4-45
Partly on Lands claimed by various owners and partly on
Lands Alphonso Smith towards the east partly on Lands
Granted to Broadcasting Corporation of The Bahamas
being Grant A7-57 partly on Lands vested in the Treasurer
of the Bahamas and towards the South partly on Bahamas
Electricity Corporation Leeway 100 feet wide partly on
Lands C. Godet being Grant A8-58 and partly on an old
Crown Reservation running in a Northwesterly direction
through Harold Road and partly on Lands Granted to
Diamond farms and partly on the shore of Wilson Pond
or however else the same may Abut and Bound which
said piece or parcel of Crown Land being Ponds and
Marshland (hereinafter called "the demised premises") is
more particularly delineated and shown pink on the plan
attached to Lease No. 1038, MP No. 5148 dated 17th day
of April A D., 2002 between The Minister Responsible
for Department of Lands and Surveys and The Bahamas
National Trust For Places of Historic Interest or National
Beauty.


4. ~'

I*~ .'4'

a..-


.4".~~7
S. ~


2. Further or other relief;

3. The said premises are situated in the vicinity
of I larold Pond and Wilson Pond; and

If the Plaintiffs do not enter an appearance; such Judgment may
be given or order made against or in relation to them as the Court
may think just and expedient.

TAKE NOTICE that the Second Defendant intends at the hearing
of the Summons served hereto to apply for an order for the
Plaintiffs to deliver up to the Second Defendant possession of the
subject property.

BY ORDER OF THE COURT

REGISTRAR

This Summons is taken out by:

FERREIRA & COMPANY,
Chambers,
Kemp Building
#39 East Street North
Nassau, Bahamas
Attorneys for the Second Defendant


reach Me .o o f My .w.PIm 11933
ShirteStreet
Invites applications from qualified Christian teachers
for the following positions for the 2007-2008 School
Year.

- Journalism / Literature (Gr. 10-12)
- Religious Knowledge Bible (Gr. 7-12)
- Math (Gr. 7-12)
- Physics (Gr. 10-12)
- Agriculture (Gr. 7-9)
- Technical Drawing (Gr. 7-12)
- Accounts/Commerce/Economics (Gr. 10-12)
- Physical Education (Gr. 7-12)
- Spanish (Gr. 7-12)
- Georgraphy/History (Gr. 10-12)
- Chemistry
- Business Studies (Gr. 10-12)
- Health Science (Gr. 7-9)
- General Science (Gr. 7-9)
- Computer Studies (Gr. 7-12)
- Music (Gr. 7-12)
- Biology (Gr. 10-12)
- Language Arts/Literature (Gr. 7-12)
- Art/Craft (Gr. 7-12)
- Food Nutrition (Gr. 10-12)
- Clothing Construction (Gr. 10-12)
- Social Studies (Gr. 7-9)
- Home Economics (Gr. 7-9)

Applicants must:

A. Be a practicing born-aghin Christian who is
willing to subscribe to the Statement of Faith
of Temple Christian School.

B. Have a Bachelor's Degree in Education or
higher from a recognized College or
University in the area of specialization.

C. Have a valid Teacher's Certificate or Diploma.

D. Have at least two years teaching experience
in the relevant subject area with excellent
communication skills.

E. Applicants must have the ability to prepare
students for all examinations to the
BJC/BGCSE levels.

F. Be willing to participate in the high school's
extra curricular programmes.

Application must be picked up at the High School
Office on Shirley Street and be returned with a full
curriculum vitae, recent coloured photograph and
three references to:

Mr Neil Hamilton
The Principal
Temple Christian High School
P.O. Box N-1566
Nassau, Bahamas
Deadline for application is April 30th, 2007


BUSINESS


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