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Permanent Link: http://ufdc.ufl.edu/UF00084249/02992
 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: 9/20/2007
 Subjects
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
 Notes
General Note: Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 09994850
oclc - 9994850
sobekcm - UF00084249_02992
System ID: UF00084249:02992

Full Text









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WPOINER WEESE tn..

HIGH 87F
LOW 75F

-CLOUDY,
T-STORMS


The Tribune


#1 PAPER IN CIRCULATION


:2:


BAHAMAS EDITION


Volume: 103 No.250


DAY, SEPTEMBER 20, 2007 PRICE 750


Crown seeking death

penalty for Ian Hutchinson

for murder of Jackie Moxey


* By NATARIO McKENZIE
IN A unanimous decision
yesterday, a Supreme Court
jury found Ian Hutchinson
guilty of the murder of softball
star Jackie Moxey.
The eleven-woman, one-man
jury deliberated for about two
hours before returning yester-
day afternoon with the verdict,
bringing the nearly three-week
trial to a close.
Hutchinson sat emotionless
in the prisoner's dock as the
verdict was read while family
members of the deceased
shrieked with joy and struggled
to maintain their composure in
the crowded courtroom.
When Hutchinson was asked
by Justice Jon Isaacs if he had
anything to say following the
jury's verdict, he shook his head
and said: "No."


After this his attorney, Mur-
rio Ducille, rose and pointed
out that certain prerequisites
must be in place before his
client is sentenced.
Cheryl Grant-Bethel, lead
prosecutor on the case and
Deputy Director of Public Pros-
ecutions, told the court that the
Crown is seeking to have
Hutchinson receive the death
penalty.
Hutchinson's sentencing has
been deferred to November 14
at noon.
Outside court Jackie Moxey's
relatives comforted each other
and expressed satisfaction with
the verdict.
While Hutchinson was being
escorted out of the courtroom
by police to a waiting squad car,
some of Moxey's relatives
SEE page eight


DAPHNE BANNISTER, a
mother of four, speaks at
Rawson Square yesterday.
She has a son who attends
R M Bailey school and she
says he is fearful about
going to school.


* By KARIN HERIG
Tribune Staff
Reporter
kherig@tribunemedia.net
AS THE dispute over
police presence in public
schools continues to heat
up, concerned parents yes-
terday took to Rawson
Square to protest at the
removal of officers from
the campuses.
Holding up signs saying
"Stop da Violence", "Pro-
tect the Children" and
"Protect da Teachers," the
parents vowed that they
will demonstrate until
government hears their
concerns and stations
police at the schools again.
Taking part in the
demonstration, lawyer and
social activist Paul Moss
said that a police presence
is unfortunately necessary
in schools today just as
armed officers have
become a necessity in such
areas as international air-
ports.
"When you see those
things you don't like it,
but the reality is, that is
the world in which you
SEE page 12


r .,.. -
S-


.: .

Ned Siegel
confirmed as


US Ambassador
to Bahamas
THE United States Senate has
confirmed Ned Siegel as the 12th
US Ambassador to the Bahamas.
In his prepared statement
before the Senate. Ambassador-
designate Siegel affirmed his
intention to support Operation
Bahamas Turks and Caicos
(OPBAT) to reduce drug and
migrant trafficking through the
Bahamas.
He also pledged to look after
the interests of the millions of
American citizens who visit the
Bahamas, prevent and respond
to terrorism by working with the
government of the Bahamas to
strengthen border security, and
promote prosperity in the


Bahamas through expanded trade
' and investment.
Ambassador-designate Siegel
will be sworn in by Secretary of
State Condoleezza Rice in late
October and will arrive in Nas-
sau shortly afterwards to present
his credentials to Governor Gen-
eral Arthur Hanna and assume
his duties as ambassador.


S gg a a I "

M By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
AFTER a four-day sit-out by teachers at R M Bailey Senior
High, the Ministry of Education yesterday agreed to increase the
number of security guards at the school.
The teachers who staged the sit-out to push for more secu-
rity after an alleged attack on a biology teacher by students -
may be returning to their classrooms today following a staff
SEE page eight


AFTER months of delays
and legal wrangling a court date
has reportedly finally been set
for the inquest into the death
of Anna Nicole Smith's 20-year-
old son Daniel.
According to legal sources in
the United States, the inquest
before a magistrate acting as
coroner is now scheduled to
begin on Tuesday, October 30.
A source told The Tribune
that the interested parties in this
case were very grateful to the
Bahamas for finally setting a
SEE page eight


ANNA NICOLE SMITH pictured
with her son Daniel in 1999.


FI)h(


'Sr ... .,r**


Gay TV channel
'would show
homosexuals
are normal'
* By BRENT DEAN
Tribune Staff
Reporter
bdean@tribunemedia.net
A TV channel dedicat-
ed to gay programming
will allow Bahamians to
experience and see the
lives of gay people, mak-
ing all aware that homo-
sexuals are "normal"
human beings too, it has
been claimed.
Erin Greene, lead
spokesperson for the gay
advocacy group the Rain-
bow Alliance, said this in
an interview with The Tri-
bune yesterday, after a
wave of criticism erupted
on the airwaves in
response to her call for a
gay TV channel in
Wednesday's Tribune.
Love 97's radio show
Issues of the Day took on
the topic, with many
callers expressing outrage
SEE page 10

Freeport News
managing editor
making complaint
to police over
libellous e-mail
THE managing editor of
the Freeport News is making
a formal complaint to police
and seeking legal advice over
a libellous e-mail sent to
newsrooms around the coun-
try making "serious allega-
tions" about him.
The e-mail makes two
accusations against veteran
journalist Oswald Brown
which he strongly denies.
When The Tribune con-
tacted Mr Brown yesterday,
he had just been made aware
of the e-mail.
"I wasn't aware that one
was in circulation." he said. "1
just saw it for the first time. 1
see who the e-mail is coming
from. I'm going to turn it
over to the police, and see if
they can determine who that
person is. It's a criminal mat-
ter, they are accusing me of
SEE page 10


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'Court date set' for inquest

into Daniel Smith death


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THE TRIBUNE


PAGE 2, THURSDAY, SEPTEMBER 20, 2007


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ENO


Union boss threatens


drastic action on GB


to settle disputes


* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT- A union leader
has threatened to bring Grand
Bahama to a standstill in
response to the government's
failure to address the deteriorat-
ing labour relations at the Grand
Bahama Power Company.
"We are not going to let these
matters die. We will be calling
on the labour force on Grand
Bahama to come together as a
unit with the union for a mas-
sive demonstration and shut this
island down if need be," said
Keith Knowles, president of the
Commonwealth Electrical
Workers Union.
He warned the union is affil-
iated with the Trade Union
Congress and has the support
of BE1MSU president Pedro
Edwards and Sean Bowe of the
BCPOU.
Mr Knowles was speaking
following a demonstration by
Grand Bahama Power Compa-
ny workers in response to what


they say is Labour Minister
Dion Foulkes' failure to deal
with a number of issues.
On Tuesday, Mr Knowles
and a small group of workers
assembled with placards around
noon in front of the Grand
Bahama Port Authority Build-
ing in downtown Freeport.
Mr Knowles said that the
workers are frustrated as nego-
tiations for an industrial agree-
ment remain at an impasse with
no settlement reached in the
last two years.
Mr Knowles reported that
morale is at an all time low -
the worst he has seen it in his 23
years with the company.
The once good relationship
that existed over the past 20
years between workers and
company has deteriorated and
many workers are now consid-
ering early retirement, he said.
"We are now trying to nego-
tiate packages for workers at
the Power Company those
that have been with the organi-
sation for many years who
now wish to separate," he said.


The Grand Bahama Power
Company employs about 180
workers. Of that number, 128
are members of the CEWU,
and 35 are members of the
Bahamas Engineers Industrial
Managers and Supervisors
Union (BEIMSU).
The CEWU is calling on
Prime Minister Hubert Ingra-
ham, Port Authority CEO Sir
Albert Miller and Maiubeni, the
new shareholders in the Power
Company, to intervene on their
behalf to ensure that their con-
cerns are addressed by the com-
pany.
In early July, the union met
with Labour minister Dion
Foulkes. According to Mr
Knowles, at the time Mr
Foulkes promised that he would
send someone to Freeport in
August to look into the matter.
"That did not happen, and he
also stated that he would come
down. We have not seen him as
yet, and we are now calling on
higher authorities to intervene
and ensure that a settlement is
reached."


Controversy boosts Anna Nicole book sales


THE mounting controversy
over the latest Anna Nicole Smith
book looks like propelling it on to
the New York Times bestseller
list, according to one of America's
most respected journals.
Threats of lawsuits from Larry
Birkhead, father of Anna's baby
daughter Dannielyn, and lawyer-
companion Howard K Stern
have sent sales through the roof,
says US News and World Report.
The magazine says Rita Cos-
by's book, Blonde Ambition:
The Untold Story Behind Anna
Nicole Smith's Death, is set to
debut on the New York Times
bestseller list at number 10,
which reflects a high level of
interest in the bookstores.
"It hasn't shut us down, it's
helped," a publishing insider
told the magazine.
Cosby's book makes dramatic


allegations about Birkhead and
Stern and claims that Anna
Nicole herself was actually more
interested in women than men,
despite her cover girl image.


When it first appeared two
weeks ago, both Stern and Birk-
head threatened libel actions
against the TV journalist and
her publisher.
But she remained defiant,
claiming they would "sue a news-
boy if they could" and that they
were trying to block the truth.
Cosby told The Tribune at the
time: "We stand by the book
and everything that's in it."
The magazine's disclosure
came as another controversy blew
up around Cosby's book, this time
over an online outlet's alleged
deletion of negative reviews.
Bloggers claimed the outlet was
cherry-picking reviews, thus deny-
ing readers of adverse comments.
Meanwhile, online sales of
Cosby's book remained brisk
with Amazon listing it at nun-
ber 26 yesterday.


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LOCAL NEWS


0 In brief

McDonald's

workers are

robbed at

gunpoint

TWO McDonald's employ-
ees were reportedly robbed at
gunpoint while trying to make a
deposit on Tuesday morning.
According to police, the
employees were leaving
McDonald's Restaurant on
Thompson Blvd just after 1lam
were about to make a bank
deposit when two men armed
with handguns exited a Nissan
Sentra, registration number
189949, and demanded the
deposit bag.
The robbers reportedly
escaped in car with a third per-
son, believed to be the driver.
Police say they have since dis-
covered that the vehicle in ques-
tion was reported stolen on Sep-
tember 15.


Gunman
takes cash
from laundry
employee

AN employee of Super Wash
on East Street and Soldier Road
reported being robbed by a lone
gunman on Tuesday.
The worker said he was at the
establishment around 8.30pm
when a slim dark man around
six feet four inches tall, dressed
in a brown jacket, blue jeans
and with a white cloth tied
around his face entered.
This man reportedly pro-
duced a handgun and robbed
the company of cash.
Police the robber escaped on
foot heading south on East
Street.


Firearm and
ammunition
are found

byjpolice
POLICE report discovering
a firearm and ammunition in an
area of southeastern New Prov-
idence on Tuesday.
After receiving a tip, officers
reportedly travelled to a bushy
area in southeastern New Prov-
idence shortly after 8pm.
There, they found a .38 hand-
gun, and 37 live rounds of
ammunition for the weapon.
Police say no' arrests have
been made in connection with
the incident, but that investiga-
tions continue.


Archdiocese
launches
parenting
workshop
AN eight-week workshop on
parenting skills is being
launched by the Catholic Arch-
diocese next week.
Sessions will take place every
Tuesday, starting on Septem-
ber 25, at the Emmaus Centre
(7.30-9.30pm).
The video-based programme
will try to teach good commu-
nication skills, enabling parents
to raise well-behaved children
without the use of physical, ver-
bal or emotional violence.
Facilitator Mr Vincent Fer-
guson is also available to meet
adolescents whose parents-
guardians take part.
More information is available
from the Archdiocesan Family
Life Office at 328-4310/2.


Are YOU

Vex?
Email us at
whyyouvex@
tribunemedia.net
and tell us
what's on
your mind






"ROI.,L
EXERIATR


Bimini Bay denies trying to




suppress criticism of resort


LAWYERS for the Bimini
Bay project have denied claims
that the resort has tried to sti
fle free speech.
The law firm of (arlos A
Velasquez issued a statement
yesterday responding a story
in Tuesday's Tribune, which
quoted environmentalists as
claiming that the resort devel-
oper's threat to sue them for
defamation was. an attempt to
muzzle criticism of the project.
"We take exception to the
assertion that Bimini Bay
Resort is seeking to retard the
democratic process in free
speech," the firm said. "Bimini
Bay Resort has endured
unwarranted criticism attached
to this development."
The firm said that the "false
statements and disparaging
comments" levelled at the
resort had resulted in eco-
nomic hardship and damage.
"Bimini Bay Resort wel-
comes all expressions of opin-
ions as it relates to this pro-
ject. What it opposes and will


no longer accept is misinfor-
mation and misrepresentations
that have cast a negative light
on the project and Bimini Bay
Resort's reputation."
The firm said Bimini Bay
Resort "has always been and
will continue to be committed
to the socio-economic impact
of Bimini and the Bahamas
and has done and will continue
to do all that is necessary to
assure that the project is envi-
ronmentally sustainable and
that the heritage and culture
of the island are preserved and
enhanced."
An August 30 letter sent
from the law firm to Dr
Samuel Gruber, head of the
Bimini Biological Field Station
and a University of Miami pro-
fessor who has been among the
development's most vocal crit-
ics, warned that any failure by
him to 'cease and desist' from
publishing negative comments
about Bimini Bay would result
in legal action both in the
Bahamas and the US.


The letter noted that the
project had been approved by
the Bahamian government,
and met "all environmental
requirements".
It added: "Please he advised
that we have been authorised
by our clients to seek all appro-
priate remedies to recover
damages. As such, demand is
hereby made that you 'cease
and desist' from these actions.
"Your failure to comply with
this immediate request will
result in our clients seeking
injunctive relief and other
damages recoverable under
both United States and
Bahamian law."
In an open letter to Prime
Minister Hubert Ingraham on
the threat of legal action by
the developers, Jeremy
Stafford-Deitsch, of Shark
Trust UK, said Bimini Bay
developer Gerardo Capo "has
now resorted to threatening to
sue several individuals in an
attempt to silence criticisms of
his actions.


"Dr Gruber resigned from
the Bahamas National Trust
after many years of selfless ser-
vice in protest at what Mr Capo
is being allowed to do at Bimini.
Since then Dr Gruber, as the
world authority on the region,
has offered scientific advice on
the damage to the environment


that this mega-resort will bring.
"In contrast, Mr Capo has
refused to release details of the
Environmental Impact Assess-
ment, Hilton Hotels have.
refused any detailed communi
cation and Mr Capo is nov,
threatening to sue individual-
to silence criticisms."


Minister pushes for more


public financial education


MINISTER of State for
Finance Zhivargo Laing told
financial experts that it is
vital for them to educate the
public on money manage-
ment and investments.
Mr Laing emphasized the
importance of "translating"
the language of securities for
the benefit of local investors.
This, he said, will help
them understand the func-
tion of raising funds through
public offerings and buying
and selling investments that
are already issued includ-
ing stocks, bonds, mutual
funds, mortgages and bills.
Mr Laing said when
SBahamians understand the
way money works. individ-
uals and the government can
successfully manage their
business and balance
accountability and responsi-
bility.
He pointed out that legis-
lation can then be passed to
help Bahamians steer the
country's capital markets.
Mr Laing was the guest
speaker at a lunch held by
the Bahamas Association of
Securities Dealers (BASD).
The event was held yes-
terday the British Colonial
Hilton to promote Bahamas
investment products and
opportunities.
Mr Laing encouraged
BASD members to help
establish the securities indus-
try by guiding legislators and
regulators in the develop-
ment of banking and invest-
ment legislation beneficial
to the economy.
Mr Laing said daily trans-
actions among commercial
and offshore banks, insur-
ance companies, real estate
companies as well as local


and international investment
brokers and dealers, shape the
economic lives of Bahamians as
well as affect the nation's bor-
rowing habits and investment
culture.
He added that mergers and
acquisitions, purchase of gov-
ernment-issued bonds and the
privatization of public corpora-
tions all play a significant role in
building equity in the Bahamas
International Securities
Exchange (BISX) and strength-
ening the value of the Bahami-
an dollar.


MAIN SECTION
Local News .......... .......P1,2,3,5,6,7,8,9, 10,11
Local Newa,...........P12,13,14,15,17,18,19,20
Editorial/Letters. ............ ................ ...P4
Advts .............................P16,21,22,23,25,26
Com ics................................................ P24
BUSINESS SECTION
Business ........P1,2,3,4,5,9,10,11,12,13,14,15
Advts.............................................. P6 7,8,16

CLASSIFIED SECTION 36 PAGES

OBITUARIES/RELIGION 24 PAGES

USA TODAY MAIN SECTION 12 PAGES

SPORTS SECTION
Local Sports ....................................... P1,2,15
USA Today Sports...............................P3 14
W eather....................................... ........P16


Noe abic


Bayparl Building on Parliament Street
Telephone: (242) 323-6145
Harbour Green Shops at Lyford Cay
Telephone: (242) 362-6527, Fax: (242) 326-9953'
P.O. Box N-121, Nassau, N.P., Bahamas
email:info@colesofnassau.com


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:Il i l


THURSDAY, SEPTEMBER 20, 2007, PAGE 3


THE TRIBUNE













PAGE 4, THURSDAY, SEPTEMBER 20, 2007


THE TRIBUNE


EDITOR :I UL ETERSTOHEDITOR I


The Tribune Limited
NULLIUS ADDICTS JURARE IN IVERI HA MA (lSTRI
Being Bound to Swear to The Dognas o' No Mlaster

LEON E. H. DUPUCH, P bhlisler/l.ditor 1903-1914

SIR ETIENNE DUPUCH, Ki., 0. B. E. ., K.M., K.C.S.(..
(Hlon.) LL.D., ).l.itt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1997

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: I-(242)-352-6608
Freeport fax: (242) 352-9348



Confusion about police on campus


THERE IS MUCH confusion about police
officers on school campuses.
Although both The Tribune and Guardian
had headlines announcing that the police
were to be put back in the schools, the articles
under those headings made it clear that the
officers referred to were security personnel -
not uniformed Royal Bahamas Police Force
officers.
The confusion has been caused by the
manner in which the PLP handled the school
policing programme.
The programme under the PLP was dou-
bled-tiered. A regular RBPF officer was on
the top tier, supplemented below by what
was referred to as auxiliary police consta-
bles. There were 33 of these auxiliaries. They,
with the RBPF officers, were stationed on
14 public school campuses.
These so-called auxiliary constables were
not policemen and this is where the con-
fusion comes in. They were civilians, dressed
up in a uniform that made them look offi-
cial. They only had an abbreviated course
with the regular police. The other problem
was that auxiliary police constables are not
recognized in law. To rectify this the PLP
government passed the Police Services Act,
but somewhere along the line they lost focus
and the legislation was never enacted. So
there is still no such creature in our law as an
auxiliary police constable.
Added to which, some of these so-called
officers had certain strikes against them that
made it impossible for them to join the ranks
of the regular police force. Others were phys-
ically unfit for service. Of the 32 only seven
could qualify to enter the force to be trained
as district constables. These have now joined
the RBPF and are in training. Twenty-two
persons spent the summer training to be
school security officers. These are the ones
who were returned to the campuses when
schools opened not the regular RBPF offi-
cer.
Education Minister Carl Bethel has said
that as a matter of policy and conviction his
*government is opposed to uniformed police-
men on school grounds. He says he has the
backing of a largenumber of Bahamians,
members of the police force and the technical
personnel in his own ministry, that this would
be sending the wrong message to students.
There is a handful of troublesome students on
these campuses, but with the new "zero tol-
erance" programme they will soon be out -


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ahamas "
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Tel: 323-5171 Fax: 322-6969


transferred to either the SURE programme at
Gladstone Road, or the YEAST programme
on Andros. And they will not he released
until they are transformed into decent citi-
zens.
As for the parent who goes to the school
campus to fight with a teacher, under the
"zero tolerance" policy they will probably
find themselves cooling their heels in a police
cell, and frantically dialing for their lawyer.
In other words, schools from now on will
be for those who want to learn. These stu-
dents don't need police supervision. The oth-
ers who do need that supervision will be, in
one way or the other, in the hands of the law.
On Monday. Minister Bethel started his
school visiting programme to get to know
the students, and to try to motivate them to
abandon gangs, and school yard brawls for
their studies.
Mr Bethel recognizes that he is dealing
with students who have enormous problems.
They come to school worn down by the chal-
lenges of a dysfunctional home, depressed
neighborhoods and brawling streets. Most of
them want to improve themselves.
And so on Monday, he visited the 12th
graders of CB Bethel and Doris Johnson
Senior High Schools the two highest per-
forming schools in the public school system.
He asked the students about their educa-
tional concerns. He was surprised when not
one of them mentioned school violence. They
wanted to know about such things as schol-
arships to further their education, and trade
schools for those not academically inclined.
At CB Bethel they wanted a gym and their
sporting facilities enhanced, and they wanted
musical instruments to expand their musical
programme.
They were told about the technical assis-
tance that will be coming from a Broward
community college to expand and improve
the Bahamas Training and Vocational Insti-
tute's programmes, and the extra million dol-
lars set aside for COB to assist students who
are unable to pay college fees.
These students, said Mr Bethel, have to be
made full partners, they have to have an
incentive to achieve knowing that in the end
there will be a valuable return for their efforts.
Mr Bethel was encouraged by the stu-
dents' enthusiasm. This is just the beginning.
It is going to take dedicated effort by society
to help these young people find a decent
place in a hard world.


Helicopters




needed to




tackle crime


EDITOR, The Tribune
PLEASE permit me space in
your newspaper on "The use of
helicopters could be a most
invaluable asset of the police
force and the nation."
The escalation of crime in our
nation is most evident. A simple
term to depict the consistent
atrocities by these criminals is
that they are a menace to soci-
ety.
'To allude to this surge of
demonic-action by persons
whose objectives are to destroy
this nation, we as a people are
to vehemently make every
effort to counter their zest for
evil dividends. In the past this
subject relative to the use of
helicopters was addressed in the
newspaper. To date there aren't
any definitive outcries or sug-
gestions by others. In essence
the average sound thinking indi-
vidual should regard this ideol-
ogy as beneficial to any country.
For example: The following
facets upon perusal could be
advantageous:
The vertical soaring of a
helicopter, horizontally, diago-
nally, etc, should impair and dis-
courage criminals' sinister inten-
tions.
An influx of illegal immi-
grants and other marine infrac-
tions.could be reduced. There-
fore surveillance by helicopter
cops would make a difference.
Helicopter air patrol would
tremendously augment ground
patrol cars, thus alleviating cum-
bersome traffic hazards.
In the event of crimes such
as armed robberies, arson, rape,


drug trafficking, burglaries, etc,
helicopter cops would be capa-
ble of monitoring culprits'
movements, thus intercepting
their sinister propensities. It
may be recalled that the police's
main functions are the preven-
tion, detection of crime, preser-
vation of the peace, protection
of life and property.
Depending upon the location
in which the crimes are com-
mitted, sufficient force as a pre-
caution may be exercised, for
example, sickening gas, tear gas
or others pertinent method
should be utilised as a means
to subdue the offenders. Con-
sideration could be given to
innocent people as an anticipa-
tion, because one does not want
innocent and curious individuals
jeopardized.
Consistent assistance of a
helicopter would facilitate/foster
conservation, surveillance of
human activities from the air,
may they be criminal or other-
wise.
Please endeavour to recall the
murder of Chief Inspector Moss
a few years ago; with assistance
of a USA helicopter accompa-
nied by police officers of the
force, the suspect was appre-
hended somewhere in the bush-
es at Long Island.
With regards to this topic,
there are many ramifications
that would require planning and
concentration. This requirement


is long overdue. Hopefully I am
not a long ranger, hypothetical-
ly speaking. It is.anticipated that
implementation of this matter
would definitely require train-
ing, cost. etc.
In the Guardian newspaper,
dated Saturday, July 28, 2007,
there is a conspicuous picture
of a police helicopter which is
scheduled to arrive in Septem-
ber for the Cayman islands.
Surely this should have been a
reality for the Bahamas Police
Force.
I have read recently that two
aeroplanes and four boats are to
be got for the Defence Force.
There were allusions by a few
persons, that is verbally that two
helicopters are also included for
the Police Force. Perhaps this is
wishful thinking. Personally, I
would like to read in the not
too distant future a definite
statement in reference to this
subject.
There is a segment of persons
who one might term as a nucle-
us of the powers that be.
Metaphorically speaking such
nucleus could be the catalyst
which in essence could bring
this matter to fruition. Unequiv-
ocally helicopters would be
most invaluable for this archi-
pelago unique paradise of ours.
Very cordially, upon con-
summation of this necessity, this
country of ours could be cops
titled as "ZEPHYR/Isle of
June."
CARDINAL
HUTCHINSON
Nassau
August 7 2007


PLP fooled straw vendors for five years


EDITOR, The Tribune
WATCHING the demonstra-
tion by the straw vendors at a
recent sitting of the House of
Assembly proves just how hypo-
critical the PLP really is. The
whole picture became so clear
that a blind man with half of a
brain could see that the PLP
aren't comfortable with the truth.
The Straw Market fire hap-
pened just before the end the
FNM's last time in office. The
then sensitive Prime Minister
Hubert Ingraham immediately
brought relief to the vendors by
helping them with monetary,
assistance. The vendors, who
would not allow themselves to
be used, must admit that this
was the last time any govern-
ment paid them any kind of
attention.
Since then, the PLP promised
that the market would be built.
The market had many dates set


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by none-other than "Big Bad
Brad". Many press conferences
were called to keep the hopes of
the vendors high, expecting that
the PLP would soon surprise
them with a new market.
But while the emotions of the
vendors went on a roller coast-
er ride of on-again off-again,
the PLP played politics. Right
up to days before the election
the PLP moved heavy equip-
ment, obviously pretending that
work was beginning. But the
vendors knew that this was an
election trick, and they would
not have any of that.
There are some "die-hard"
PLP in the market, who would
stare you deep in your eye hole
and say that the PLP was gen-
uine in their efforts, but only a
totally dishonest person would
continue with this charade. All
Bahamians know full well that
the PLP had five years to build
the market, but obviously never
intended to do so, it seems they
thought very little of the vendors.
Instead it appears they
planned a new business venture
where probably the chosen few
could house their jewellery
stores, restaurants and night-


Clubs, built by the government.
The few vendors who would
have been allowed, was only a
drop in the bucket.
Only one PLP was able to
confess that greed prevented
the market from being built.
This same former MP who was
a key player in the Christie gov-
ernment admitted that some-
thing strange was afoot and that
Bahamian taxpayers may have
been hoodwinked into spend-
ing $23m rather than $10m.
It seems plain to me that the
PLP used the straw vendors to
gain an advantage for them-
selves that is if the former min-
ister was accurate in his assess-
ment of the events. Bahamians
are now free to arrive at the
conclusion that there probably
would never have been a straw
market had the PLP won. It
would seem that the vendors
were only pawns in a greater
scheme of things.
I am still totally unafraid,
except for the fear of Jesus
Christ only.
IVOINE W INGRAHAM
Nassau
Septeriiber 2007













THE TUEP


o In brief

Bahamas in
sustainable
development
conference
A FIOUR-MEMBER Bahami-
an delegation will participate in
the 53rd Commonwealth Par-
liamentary Conference in India.
'he conference will be held
from September 21 to 30 in
New Delhi, where issues under
the theme: "Delivering democ-
racy and sustainable develop-
ment" are slated to be dis-
cussed.
The conference is being held
by the Commonwealth Parlia-
mentary Association (CPA) -
which consists of national and
provincial administrations of
Commonwealth countries
which, according to the CPA,
share the association's mission
to promote knowledge and
understanding about parlia-
mentary democracy and respect
for the rule of law and individ-
ual rights and freedoms.
Minister of State for Public
Utilities Phenton Neymour,
Senator Forbes Smith, opposi-
tion MP Picewell Forbes and
executive officer of the House
of Assembly David Forbes will
make up the Bahamas' delega-
tion to New Delhi.
Topics slated for discussion
include:
Climate change and global
warming: policy issues and solu-
tion
Global water and energy
use towards sustainable devel-
opment
Balancing economic devel-
opment and environmental pro-
tection
Parliamentary practice and
procedure: need for reforms to
secure greater executive
accountability
The role, rights and respon-
sibilities of the opposition.
Strengthening financial
scrutiny
This year's conference will
also feature a special plenary
session for female parliamen-
tarians.
The role of parliamentarians
in raising awareness of and
curbing human trafficking;
strategies for enforcing greater
accountability of parliaments to
the people; and benchmarks for
democratic legislatures are also
items slated for discussion at
the conference.
Small member states are
expected to discuss matters
including the regulation of
immigration and human traf-
ficking and protecting the envi-
ronment to ensure sustainable
development.



INSIGHT

DON'T miss
Monday's INSIGHT
section for massive
reader response to
This week's highly
controversial article
on crime. It's only in
The Tribune...

..* . . .
*fl !fl'lElI \ hI[']:h'KI-


Cash family to appeal


to Attorney General


over dismissal case


A COUPLE whose five-
year fight for justice has high-
lighted massive deficiencies in
the Bahamas court system are
to appeal directly to the Attor-
ney General, Claire Hepburn,
so they can move forward with
their case.
Greg and Tanya Cash claim
they are now being blocked in
their attempt to take their case
to the Privy Council by local
court officials who refuse to
notarise affidavits needed for
future hearings.
"We are now planning to
appeal directly to the Attor-
ney General in the hope of get-
ting these obstacles removed,"
Mr Cash told The Tribune yes-
terday.
"There is no reason at all
why these documents should
not be notarised. We need
them as we move forward to
the Privy Council hearing."
Mr and Mrs Cash, who
claim to have suffered hard-
ship during their long fight
against the Baptist education
authorities, claim the Privy
Council is their only hope of
getting justice.
They allege that the Baptists
have capitalized on their high-
ranking political connections
to block the judicial process.
"However, we are going to
fight to the end and we know
that God is on our side," Mrs
Cash said. "We are getting a
lot of support from other
Bahamians whose cases have
been tied up in the courts for
years."
Mr and Mrs Cash have vari-


Couple claim they are being

blocked from taking their

fight to Privy Council


'i
%.an a


GEANTany. Cs


ous issues before the courts,
all stemming from Mr Cash's
dismissal as coach from Jor-
dan Prince William High
School in 2002.
Apart from a claim for
unfair dismissal, the couple are
alleging defamation and
breach of constitutional rights.
among other things.
Forvears, they have main-
tained that court officials have
been obstructive. But they
refuse to back down.
Although Justice John


Lyons awarded Mr Cash
$26,000 earlier this year, the
couple have dismissed the sum
as "derisorv" and claim it in
no way reflects the judge's
statements in court.
"We want to go to the Privy
Council sq that everything per-
taining to this case can come
out into the open," said Mrs
Cash.
"We feel we are not just
fighting for ourselves, but for
all Bahamians who have issues
before the courts."


Sunday, Sept. 23rd at 6:30pm
Calvary Bible Church 62 Collins Ave.


THE GRILL THAT LASTSt


ini-iE


Carey Building,
Dowdeswell Street
Tel 322-1 303
Mon-Fri


Laura


NOTICE






Will Be Closed On

Monday September 24, 2007



For Inventory


We Will Re-Open On
Tuesday September 25, 2007


We Apologize For Any
Inconvenience This May Cause.


THURSDAY, SEPTEMBER 20, 2007, PAGE 5


THE TRIBUNE









THE TRIBUNE


PAGE 6, THURSDAY, SEPTFEMBER 20, 2007


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The Chance Foundation,
headed by chairwoman Debi
Williams Hancock, prides itself
on being different.
"First of all it is aimed at the
persons who tend to be over-
looked by society and who have
little hope for success without
it," Mrs Hancock said.
"These persons make up a
group or sub-culture of at-risk
youth, those who lack the
opportunities of their privileged
counterparts, and who are fast
becoming at generation of
angry young people fuelled with
a deep sense of social injustice."
She said that the Chance
Foundation, by providing ter-
tiary-level education opportu-
nities combined with mentor-
ing and socialisation pro-
grammes, offers these youths a
chance, "not only to succeed,
but to excel".
She said the foundation is
firmly committed to put "every
dollar donated" toward its pro-
grammes.
"Our personnel are all volun-
teers so there are no salaries to
be paid, our office space and
technology have been donated,
and our carefully managed,
nominal expenses are borne by
us personally or by committed
supporters who specifically
request that their pledges he
used in running the foundation."
"Beyond providing the oppor-
tunity for a solid education, the
foundation takes a long-term
holistic interest in the student,
through mentoring and sociali-
sation programmes, with men-
tors actively participating in the
student-school relationship,
while engaging active parental
involvement. The programme
includes internships and appren-
ticeships with community part-
ners to assist with our goal. ie
guaranteeing a good job to every
student upon successful comple-
tion of tertiary-level education."
Mrs Hancock also explained



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university.
"Our first student, 15-year-
old Michael Farrington of
Mason's Addition, has success-
fully attended Niagara Christ-
ian Collegiate for the past two
years and will be entering a
third year in September.
"The idea is to engage schol-
arship opportunities from our
university partners so that the
foundation can focus its
resources on travel and living
expenses for the students. Any
shortfall in scholarships will be
met by the foundation," Mrs
Hancock said.
"Essentially, applications will
only be considered on behalf of
at-risk youths who, due to
financial constraints, cannot
otherwise access tertiary-level
opportunities.
"A minimum 2.0 GPA or
equivalent is required, and there
are a host of personal commit-
ments which each student must
undertake by written covenant,
including commitments against
substance abuse and violent
behaviour," Mrs Hancock said.
Students will also be encour-
aged to give thought to how they
can use their educational experi-
ence to assist their local commu-
nities and to encourage others
to strive for self-improvement.
The board of directors of the
Chance Foundation is chaired
by Mrs Hancock and includes
Dr Davidson Hepburn, Sena-
tor Allyson Maynard-Gibson,
Michele Fields, Tom Duff,
Helen Bartlett-Hanna, and
Felix Stubbs.
The foundation's website,
www.chancebahamas.org, con-
tains further information and
application forms.


ALLYSON MAYNARD Gibson is
one of the foundation's directors
that the foundation supports the
"Barbados model" which seeks
to put a degree in every house-
hold, and aspires to be a major
force for making that happen
in the Bahamans.
This she said, is "radical but
necessary".
The new organisation is cur-
rently in the process of part-
nering with private secondary
and tertiary level education
organizations abroad to accept
students.
Some students will enter the
programme early in order to
prepare, socially and otherwise,
for a college or university edu-
cation abroad.
A Canadian secondary
school. Niagara Christian Col-
legiate, was the first to offer to
partner with the foundation to
provide educational and social-
isation opportunities for some
of its younger students, and to
assist with their transition to





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LOCAL NEWS













THEALNEW T


PM wants end to




recall of medical




staff in hurricane


PRIME Minister I-
Hubert Ingraham told
the Department of q
Public Health that he
wants to end the prac-
tice of recalling doc-
tors and nurses from
the Family Islands
during a hurricane.
He said that the
policy has to change
in order to meet the
needs of residents in
the event of an injury
during a storm.
"I want to make PRIME
sure that policy is dis- between
continued without
any further delay,"
Mr Ingraham said. "They ought
to live there like everybody else
in the community."
Mr Ingraham was speaking
yesterday at a meeting between
the Cabinet and the National
Emergency Management
Agency (NEMA), where he
pledged the new government's
support for NEMA's efforts.
The session, co-ordinated by
NEMA and held in the confer-
ence room of the Royal
Bahamas Police Force Head-
quarters in East Street, focused
on the country's readiness in
the event of a disaster.
With the 2007 Atlantic Hur-
ricane Season in its fourth
month September being one
of the busiest months for storms
- NEMA felt it necessary to
brief the new government on
the country's state of readiness.
Representatives from several
government agencies, including
the utility companies, the Public
Hospitals Authority, the Depart-
ment of Meteorology. Civil Avi-
ation, the Broadcasting Corpora-
tion and the prison, all discussed
the challenges they face during
and immediately after a storm.
"I want to thank NEMA for
an enlightening forum, and to
the extent to which we have to,
we will be responsive to those
issues immediately." the prime


1INISTER Hubert Ingraham speaks at a meeting
the Cabinet and NEMA

minister said. sive al
Cabinet ministers expressed ages di
concern about fuel and water BEC
supply, electricity and telephone Basdei
reconnections, shelter manage- in son
ment and other challenges. hurric;
Mr Ingraham said he was at min
worried about the insufficient He
water supply on many Family would
Islands following a hurricane, Mr
the problem being the lack of impre:
back-up generators. techno
A representative from the to coni
Water and Sewerage Corpora- with C
tion said in recent times, the cor- Eleuth
portion has made aggressive and ge


attempt to provide
more generators.
The prime minister
asked for a detailed
written report from
the corporation on its
supply system pro-
gramme for each
c Family Island. He
Also asked BEC for
g details on its tree-
E trimming pro-
cc gramme.
t He advised BEC
C to set up a system
like Jamaica, which
shut down electrici-
ty prior to a hurri-
cane, to avoid mas-
ld extensive power out-
uring a storm.
7 general manager Kevin
n said that this was done
ie areas during the last
ane, and proved effective
imising damage.
added that this policy
continue on a wider scale.
Ingraham said he was
ssed that with modern
logy, the police were able
nect yesterday's meeting
rand Bahama, Abaco,
era, Exuma and Inagua.
t reports.


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THURSDAY, SEPTEMBER 20, 2007, PAGE 7


'~I ~i':i7'
, II


THE TRIBUNE












PE TCAELLNET TB


FROM page one

court date and that it was something that half of
America had been waiting for.
The inquest was.put on hold just da s alter it
began in April this \year when Howard K Stern,
the lawyer-turned-partner of the former IPtl.hi N
Plavymatc. called tlhe constitution;alit\ ol the
Coroner's Court into question.
Stern's lawyers iled a mnolion \\itlh the
Supreme Court questioning the lack of pro\ i-
sions in the Corollr's Act to provide' for an
impartial .jury.
However, Supremce (Court Justice John l.Ions


Daniel Smith
last InOillllh l ulr.ld thi the i|niq cst c, n 1 ) ;It",Id
Just, I.v',ns stuig cslci t Id th lit' iV 11C
scle lcld i 'lm 1 is 1 \ ilc a I C p c sIcint'I l\ll I 'I is
possilIlc
H tI note Ilithat the i ai. in isstii \\ Is illa l IItn ic
imust hec a I.iigr hlLeain at iii thl atl l i> s' niishil Iv hIIL
uilliin;IlcI with Ihl- colonel p| c'si ).inidl died on SCIptI'iiih 1(0 I) 10 dn ;il tliii
Scomklail while visiting' hi illttii ill I),'cltrs
I losital jusl lthlcc dayvs iltlci hc chllhiily
hald ei\'v 1 lrltli to h1 u lagh ci l);iiiiit'lyimn.


Crown see.


death penalty for



lan Hutchinson for the



murder of softball star


FROM page one
shouted: "Murderer, murderer." Hutchinson
appeared unmoved and smiled as he was taken
away.
Cyprianna Arnubrister, sister of the deceased,
told /'wc Trihlu'e that she was pleased with yes-
terday's verdict and that Hutchinson should
receive the death penalty.
"I feel that justice has been served. One life tak-
en wouldn't bring back another but at least you
know that justice is served and people wouldn't
tel like they could just take a life and move on
with their life. I believe in the death penalty,"
slie said.
Jackll lMoxey, the eldest daughter of Jackie
Moxey. told The T'ribume that the ruling had
brought closure to the family, who are now
able to move on knowing that justice has been
served.
"Ilonestly, God has answered my family's
prayers. It's been a while but our family made it
through. My mother can rest in peace now. We
fought the battle that she couldn't fight for her-
self," Moxey said tearfully.
"I agree with the death penalty because this
isn't his first time and I don't doubt if they let him
out this would be his last," she said.
During the nearly three-week trial, jurors
heard evidence from 17 witnesses and were also
taken to the alleged crime scene at Clifton Pier.
Hutchinson. 46. was represented by attorney


Murrio Ducille along with Tamara Taylor. Rep-
resenting the Crown were Deputy Director of
Public Prosecutions Cheryl Grant-Bethel, Olivia
Nixon and Eucal Bonamy.
During his summation, Justice Jon Isaacs
reminded the jury that they were the sole judges
of the facts of the case. He told them that it was
the Crown who had brought Hutchinson to stand
trial and it was the Crown who had the burden to
prove his guilt through the evidence of their wit-
nesses. He reminded the jury that when deliber-
ating on the facts they should be objective and dis-
passionate.
It was the Crown's case that Hutchinson had
intentionally caused Moxey's death between
October 25 and 26, 2005.
Prosecutors claimed that Hutchinson had lured
his late girlfriend from her job at Bahamas Infor-
mation Services (BIS) on October 25, 2005, took
her on a drive and then led her to a beach in the
Clifton Pier area where he beat her to death.
Jealousy was the motive for the killing, accord-
ing to prosecutors, who noted that Hutchinson
was obsessed with Moxey and incensed over alle-
gations of her infidelity.
Pathologist Dr Govinda Raju said that Jackie
Moxey, 44, had died as result of extensive hem-
orrhaging from the brain, which adversely affect-
ed the rest of her internal organs.
Dr Raju testified that Moxey had suffered a
contusion in both temple areas, hemorrhaging
all over the brain, and a hairline fracture in the
mid-cranial area.


Number of security


guards to be increased


at RM B

FROM page one
Imect Ilg this morning.
A soUIcc at the school told
The Tribune that a group of
students allegedly surround-
ed and pummelled a biology
teacher on campus last week.
Following this incident. R
M Bailey teachers yesterday
mec \\itli Minister of Educa-
tion ('arl Hethcl to discuss
increased security at the
Robinson Road school.
Ida Poitier-Turnquest. pres-


Senior High


ident of Bahamas Union of
Teachers. said staff and the
Ministry Education had
agreed on having six security
guards for now and two addi-
tional ones soon as they are
able to secure them.
Mrs Poitier-Turhquest said
R M Bailey teachers will meet
today at 8.30am to decide if
they will resume classes.
However, the BUT presi-
dent could not say on which
issues such a decision will
hinge.
Education Minister Bethel


told The Tribune yesterday
that he is willing to listen to all
the teachers' concerns and
reach out to them a "respon-
sive hand."
At the meeting yesterday,
he said, he also re-stated the
government's policy to not.
have any permanent police
presence on school campuses.
Mr Bethel said he felt the
meeting went well.
The minister is now inviting
the teachers to act responsi-
bly and resume teaching their
students.


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I


PAGE 8, THURSDAY, SEPrEMBLH '20 'UoU/









I IUI SI )AY, SEPTEMBER 20, 2007, PAGE 9


THE TRIBUNE


Religious tourism 'untapped


resource for the Bahamas' i


ri +- \
IK --^ ^


Rl t It l ItI N lonu isnI c'on--
tilln es to bc an ul111 0 i ppp.dI
resource for hlie Bahlamllas
according, i, tlishop Ncil
Ellis
The lorinel l I'1 P govelilinentl
made a cone Ciled tffort to
expand this arei during their
five carss in office.
Ihc head preacher of Mount
Tabor Full Gospel Baptist
Church ailOnnlLnccLd that with the
potential benefits in mind, he
has decided to host one of his
popular Walking in Victory
conlcrcliccs in thec Bahamas for
the first time.
Bishop Ellis said the event
will take place on Tuesday, Sep-
tenber 25 tllrough Thursday,
Septemb'ei 27 at the Atlantis
lesot t on Paiadise Island.
To date. conferences have
been hosted in Greensboro,
North Carolina: Orlando, Flori-
da and Birmingham., Alabama.
Bishop Ellis said that while
the initial intention was to con-
tinue hosting the conference in
the IUnited States, "we discov-
ered a consistentlyP growing
number of delegates indicating
a desire to attend a Walking In
Victory Conference heic in Ihe
Bahamas".
"Prior to now however, we
were not able to respond to this
request as our usual set up
requires seating for at least
3.50(1 delegat-es and there are
no conference facilities on the
island that can accommodate
those kinds of numbers.
"I his vear however, in
response to requests from our
delegates, we transitioned our
format, this time to smaller and
more intimate gatherings. We
therefore decided to host thiee
smaller conferences, and in
doing so. we are now able to
host a Walking In Victory Con-
ference here in our beautiful
country." he said.
Bishop Ellis noted that the
conference has evolved into one
of the most renowned and high-
ly anticipated religious confer-
ences in America.
"This is particularly note-
worthy since it is the only con-
ference of its kind conducted in
the United States of America,
but hosted bx Bahamians.
"As conference host, this
dynamic has always been upper-
most in Imy mind lor many rea-
sons: First of all it riprescit- s
what I belie\ e is a rehl ious role'


ICreversa l; as l ,now instead ol
Bahamiians heilng rcciplients ol
religious tl issioina l style mcin
istrN from Notlh America' \veC
were now\ being called iupon Ito
be thie treseniels c the gooil
news ol the gospel.
Bishop Lllis addedl that ihe
has always endCavo cd to take
advantage ofl thel onpol)tulitiy
that the colitference' ailords as
a religious oristim mainrketing
tool.
'" am thoroughly convinced
of the fact that while my mailn-
date for this particular coiifer-
ence is atniniernational one. the
coupling of my coinmiitient to
this country andi my belief that
religious tout isni is an inci edi-
ble untapped source tor ourt
nations number one industry.
would have inevitably led me
to hosting at least one of the
Walking In Victory ('onfer-
ences here in the Bahamias. atil
todav wei annouIce I he Iealisa-
tion of that parltiulai objec-
live," le said.


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THE TRIBUNE


PAGE 10. THURSDAY, SEPTEMBER 20, 2007


LOA NW


Freeport News managing editor making




complaint to police over libellous e-mail


FROM page one

, .cculsaion withheld)."
Mr Brown denied the accu-
iatlons made against him, even
',ino inlo details surrounding
i rod accident lie, along with
ricnds and reltiives, got into
kI moiuntainside in Jamaica.
T1 i\i of us were in the car.
\e were driving up into the


mountains. We stopped on the
side of the mountain to allow
another car to pass a bus actu-
ally," Mr Brown said.
"After the bus passed, we
pulled off and the car skidded
on some leaves, and went on
the side of the mountain, but it
was stopped by some big trees.
"Probably, if the trees weren't
there, the car might have gone


Share your news
the ITibutte wants to hear
nromn people who are

neighborhoods. Perhaps
you are raising funds for a
4 good cause, campaigning
for improvements in the
area or have won an
Seaward.
If so, call us on 322-1986
and share your story.


down," he said.
"But we all got out of the car,
and there was no question of
leaving or anything else. I actu-
ally paid more than $12.0()0 in
Jamaican money foi some
Jamaicans to assist us in retriev-
ing the car," he added.
After the incident. which
occurred last New Year's Eve,
Mr Brown said he and his party
went out to dinner and had a
"happy time" before returning
to Nassau.
"No-one left anybo d or any-
thing like that," Mr Brown
emphasised.
"Whoever wi ote that lei er I
do not know whl'ri tl!(' p.t
their information t'rkin i1t1 I
see the hands ol (Lnli !. 1 ''
son withheld) ,Chind ii,' iie
said.
Mr Brown thinks tle letter is
part of an orchestrai'd attack
on him by a promineiit PL P
member.
"I'm going to tui-n I tin e-mail


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over to the police, and request a
formal police investigation into
whether or not they can deter-
mine the source of the e-mail,"
he said.
"There has to be something
criminally wrong with that," Mr
Brown said of the circulation of
such a document.
Mr Brown also took issue
with information posted on the
PLP's official website about him
and being sent via
e-mail under the party s
banner attempting to defame


his character.
One e-mail sent by
media@progressiveliberalpar-
ty.com, refers to Mr Brown as
"biased" and "lopsided" along
with other terms The Tribune
cannot publish, alluding to the
same unsubstantiated criminal
behaviour mentioned in the
more explosive e-mail sent to
local newsrooms.
"Anything that is said on
bahamasuncensored.com, we
know who is doing that," he
said. "When the PLP's official


website stoops to the level of
bahamasuncensored.com and
attacks me personally the way
they did, that's unacceptable."
He said he was going to
demand an apology from Oppo-
sition leader Perry Christie in
his column today.
"This only serves to further
demonstrate that Perry Christie
has lost control of the Progres-
sive Liberal Party," he said. "He
has abandoned the leadership
and turned it over to some scur-
rilous people."


Gay TV channel 'would



show homosexuals are



normal human beings'


FROM page one

and venom at the suggestion of a gay TV
station.
Homosexuality is "unhealthy," one caller
said. Cable Bahamas should not be "catering
to gays". she added.
"No gay ting on this airwaves at all." anoth-
er caller said. "If you want to be gay, do that
in the privacy of your home. That's your
thing you gal ta deal with God with," she
said. "This is not the United States." the
caller emphasised.
A male caller urged a boycott of Cable
Bahamas if such a channel is allowed, declar-
ing that homosexuals are on the verge of
taking over.
Caller after caller declared publicly that
tihe Rahaillias is a 'C h siiialln national and a
gav 1\I channel such as LOGO should not be
allowed.
Ms Greene said these comments "are just
indicative of the hysteria and homophobia
prevalent in the country."
"A lot of people miss the point entirely
about the request for programming of that
nature. They went straight back to the ques-
tion of is this (homosexuality) correct or
not." she said. "In a democratic society all of
its citizens have the right to participate equal-
vl in the development of their country."
Allowing a channel like LOGO on the
local Cable system, Ms Greene told The Tri-
hbune. "will allow gay people to access infor-
mation that is relevant to their lives."
Not allowing such a channel, Ms Greene
said. will send a message to gay people that
"they are not allowed to participate in their


own country."
Channels with wide-ranging representa-
tions of homosexuals such as LOGO would
help Bahamians to realise that gay people
are normal, Ms Greene said, emphasising
that gay people, just as others, strive for hap-
piness, community and stability for them-
selves and their families.
"It would allow young gay people access to
information about people like them, so that
they, too, can proceed into healthy develop-
ment, as opposed to only having access to
the most outrageous and extreme images of
gay people," Ms Greene said.
She said the station could be a premium
station which individuals would have to
request and pay extra for or it could be a
pay-per-view station, rather than being on
basic cable.
LOGO has a website -
www.logoonline.com which displays the
same-sex orientated programmes offered,
including gay related news, comedy specials
and documentaries.
The local cable system currently offers 11
pornography channels, more than ten for
sports, and numerous dedicated to religious
programmes. With this diversity, one for gays
may be on the way.
Ms Greene pledged to follow up with
Cable Bahamas to agitate for LOGO's inclu-
sion in the local system.
Dr Keith Wisdom, director of public affairs
for the company, said the programming
department had received one request for the
channel, adding they would evaluate the
channel as they are currently considering
next year's line-up.


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Officials confirm
meteorite struck Peru
but question whether
it sickened people
* LIMA, Peru
A FIERY meteorite crashed into
southern Peru over the weekend,
experts confirmed on Wednesday.
But they were still puzzling over
claims that it gave off fumes that
sickened 200 people, according to
Associated Press.
Local residents told reporters
that a fiery ball fell from the sky
and smashed into the desolate
Andean plain near the Bolivian
border Saturday morning.
Jose Mecharc, a scientist with
Peru's Geological, Mining and Met-
allurgical Institute, said a geologist
had confirmed that it was a "rocky
meteorite," based on the fragments
analyzed.
He said water in the meteorite's
muddy crater boiled for maybe 10
minutes from the heat and could
have given off a vapor that sick-
ened people, and scientists were
taking water samples.
"We are not completely certain
that there was no contamination,"
Mechare said.
Jorge Lopez. director of the
health department in the state
where the meteorite crashed, told
The Associated Press on Tuesday
that 20(0 people suffered headaches,
nausea and respiratory problems
caused by "toxic" fumes emanat-
ing from the crater, which is some
65 fcct wide and 15 feet deep.
But a team of doctors who
reached the isolated site said
Wednesday they found no evidence
the meteorite had sickened people.
Doctors told an Associated Press
Television News cameraman at the
site that they had found no sign of
radioactive contamination among
families living nearby. But they said
they had taken samples of blood,
urine and hair to analyze.


I


~PA~bP~B~B~PW I


~"~gwll~-9~ I is I I


i


i' "..'..~
Ccie I


. -nv,


S












T T UT S2 PE


Local journalist represents




the Bahamas in Malaysia


UNIVERSITI ]A
EXECUTIVE '"
IN INTI,
EXLATION8 ,lf
BEP.I*~


A Bahamian joui nalisl hais
returned from Malaysia where
he represented the IBahamas
and the western hemisphere at a
training seminar and conference
on international relations and
diplomacy.
Viraj Perpall a former
reporter at The Tribune and
The Nassau Guardian and cur-
rentl\ employed at the College
of the Bahamas, was invited by
the World Assembly of Youth
and the World Youth Congress
secretary general to attend the
eight day executive training pro-
gramme from September 3 to
11.
The only delegate in atten-


dance from hlie ('aNrlbbian and
the western hemisphere, Mr
Perpall was surrounded by' a
host of diplomatic lepresenta-
tives from counties including
Mozambique, Zimbabwe, Alba-
nia, South Africa, Libya, the
United Ai ab Emirates, Namih-
ia and the host country.
The World Youth Institute
and Universiti Utara Mailaysia
facilitated the course.
Mr Perpall said hei was
pleased to learn about a nation
[Malaysia] that has enjoyed
political and economic stabili-
ty for 50 years while also having
the opportunity to meet with
the chief minister and the


govenor ol Melaka.
"ItIh ollficials seemed very
delighted to have a representa-
tive i oimn the Bahamlas in atten-
td.iic ;il such a high-end event
aid spoke veiy well of the
liah;mas," Mr Perpall said.
"1 was also very pleased to
be apart of the first intake of
this international relations train-
ing and was very pleased to rep-
resent my nation and this part
of the world.
"From our discussions on
world politics and the way
ahead for nation states politi-
cally and economically. I
realized very soon into the
course the wonderful advantage


the Bahamas has in interna-
tional relations.
"While we may be very
young, our political stability
coupled with our economic
strength and small population
make the Bahamas a very
unique nation in the world and
a nation for the international
community to keep its eyes on,"
Mr Perpall said.
He added that the Bahamas
has a unique political and eco-
nomic landscape that can with
good political leadership and
time, amaze and command
much respect 'from the super-
powers of the world in the
\\way that Singapore has done in


VIRAJ PERPALL with chief minister of Melaka state Datuk Seri Mohd
Ali Rustam


the eastern hemisphere.
He added that much experi-
ence was brought to the table at
the event as seasoned diplomats
spoke of their views on inter-
national relations and the dif-
ficulties of diplomacy around
the world as the fight against


terrorism continues.
Mr Perpall said he looks for-
ward to using the knowledge
and experience gained to assist
in the development of the
Bahamas in making its voice
heard in the international comi
munity.


Cuba claims US embargo has cost island more than US$89 billion


* HAVANA

WASHINGTON'S 45-year-
old embargo has cost Cuba
more than US$89 billion to
date, wreaking havoc on every-
thing from primary education
to pest control and nearly all
other facets of island life, the
foreign minister said Tuesday.
according to Associated Press.
Havana produced a 56-page
booklet laying out its latest
argument against the embargo
ahead of next month's meeting
in New York of the UN Gener-
al Assembly. which has voted
15 years in a row to urge the
United States to lift trade sanc-
tions against Cuba.
Foreign Minister Felipe Perez
Roque said the US policy
caused US$3 billion in losses
over the past year alone to the
economy of Cuba which had a
2006 GDP estimated at US$40
billion, according to the CIA
World Factbook.
The embargo "has reached
levels of schizophrenia and
made the last year notable for
the ferocious and cruel way the
blockade has been applied,"
Perez Roque told a news con-
ference. Washington. he said, is
bent on "persecuting Cuban
interests and attempting to beat


our people into submission will
hunger and disease."
Cuban officials came up with
the US$8) billion price tag by
adding estimated extra costs
spent over the decades to buy
from third countries man\'
goods that would have been
cheaper in the IUnited States.
The figure also includes lost
income, including additional
tourism from the IUnited States.

Purpose

The full trade embargo took
effect February 7. 1962. under
President John F Kennedy,
blocking all trade with Cuba
except for non-subsidised sale
of food and medicine. Its aim
was and still is tojinancially
strangle Fidel Castro's govern-
ment and force a change in the
communist-run island's system.
US Commerce Secretary Car-
los Gutierrez on Monday called
the embargo a success and said
the sanctions are designed to
punish Havana, not hurt the
island's people.
But many members of US
Congress and othei Ailmeican
officials say the embargo has
failed and have called for partial
or full elimination o(f the sinii-


.*


- -,__ W ',
CUBA'S FOREIGN Minister Felipe Perez Roque, shows a copy of Cuba's annual report on the effects of the
U.S. trade embargo to the island, during a press conference in Havana on Tuesday


tions.
UIS presidential hopeful
Christopher Dodd vows to
scrap the embargo if elected.
while yellow Dnmociat l Barack


Obama would reduce restric-
tions on Americans wanting to
visit family members in Cuba.
Perez Roque said most IUS
proposals do not go far enough,


and "the blockade should be
lifted immediately and uncon-
ditionally."
Havana's report said US
patents and other provisions of


the embargo prevent it from
purchasing current melii. il
technologies, pesticides and
even materials for blind chbl
dren because Braille pruiluiis
are produced primarily in Iie
United States.
Internet access on the i;mlad
is also severely limited and
expensive, because Culia must
rely on satellites instead of tap-
ping into one of eight major
fibre-optic cables that run
underwater near the island but
are linked to US interests.
Even Cuba's dilapidated pub-
lic transportation system ic-cl
the pinch. Transportation ofti-
cial Gladys Fernandez. who pre-
sented testimony along with
other officials during the hours-
long ceremony Tuesday. said
Havana's decades-old bus wys
tem would be able to handle 20
million more passengers a yeal
if it were allowed to import IIS-
made vehicles and parts
Perez Roque said 85'.(000
Americans of Cuban origin vis-
ited Cuba in 2003 but that inum-
ber dropped to 37.00(1 last \ear
- after the US government
tightened travel restrictions, in
2004. He said 59.000 oith; )(
visitors flouted the embargo and
visited last year. down from
115.000 in 2003.


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THURSDAY, SEPTEMBER 20, 2007, PAGE 11


THE TRIBUNE


1


I










THE TRIBUNE


PAGE 12 THURSDAYSEPTEMBER 20, 2007


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Parents protest officers


removal from campuses


FROM page one
live in today and I'm saying
that the reality is that on our
school campuses we have very
undisciplined children," he
said.
Mr Moss said he fears if
police officers are not returned
to the schools government will
soon have to station soldiers
on the campuses.
"That's what is happening
now in Jamaica, we want to
prevent what has happened
there (from happening) here,
that's why we're demonstrat-
ing," he said.
Mr Moss said he believed
"ideological folly" is prevent-
ing government from doing the
right thing in this case.
"1 believe this country is split
down the line politically and
that blinds everybody, they
cannot see right from wrong,"
he said.
Protester Gary Williams, a
father of four, emphasised that
the demonstration was in no
way politically motivated. He
urged all parents with children
in public schools, no matter
their party affiliation, to come
out and take a stand.
"The FNM ain't got me out
here, the PLP ain't got me out
here, I have four kids in
school, they have me out here.
They are in A F Adderley,
Government High, and Yel-
low Elder, that's why I'm

Flight attendant
allegedly 'needed
medical attention'
A BRITISH AIRWAYS
flight scheduled to take off on
Tuesday evening at 9.30pm,
eventually left Nassau at
5.00pm last night. The cause
of delay was allegedly due to a
flight attendant being taken
to hospital in an ambulance
after needing medical atten-
tion at the Hilton Hotel on
Tuesday.


UI


out here.
"We need to make a stand,
we need to start somewhere, I
know we are out here in small
(numbers), but I know plenty
people hear us," he said.
Daphne Bannister, a mother
of four, said that her son, who
attends R M Bailey, is fearful
about going to school.
She said that it is not fair for
government to refuse to sta-
tion police at the schools when
this measure could make both
students and teachers feel safe.
Yesterday's protest comes
after two stabbings one at A
F Adderley Junior High and
one at C I Gibson Senior High
- and an alleged beating of an
R M Bailey teacher occurred
on school campuses within one
week.
Mr Moss yesterday also
agreed with the Bahamas
Union of Teachers' demand
for metal detectors at the
schools.
"They have a metal detector
now in parliament. If they are
concerned about their safety


7,




arises of school," he said.




Mr Moss added that gov-
why not about the future of
this generation, our country -
they need to secure the bound-
aries of school," he said.
Mr Moss added that gov-
ernment cannot make the
excuse of not having sufficient
funds to improve school secu-
rity.
"Many people inside the
country are not being taxed,
you have all the international
banks, all the international
companies, people bragging
about the tens of millions of
dollars that they net in profits
a quarter.
"We're saying that that is a
profit stream that you ought
to go to, after all it protects
them as well, when you have
an orderly society it protects
everybody," he said.
Mr Moss said that while he
agrees with Minster of Educa-
tion Carl Bethel's nine-prong
School Security Initiative, he
is "astounded" that the plan
does not include introducing
conflict resolution courses to
the curriculum.


YOUR CONNECTION TO THE WORLD


THE BAHAMAS
TELECOMMUNICATIONS COMPANY,
LIMITED (BTC)


GOVERNMENT NOTICE

Invitation for Proposals


The Bahamas Telecommunications Company Limited (BTCJ
is soliciting proposals from qualified suppliers for the provision
of a Direct Top-Up Pre-paid Mobile Solution.

Interested parties may obtain further information, including
eligibility to participate as of Wednesday, September 12, 2007
from the BTC Public Relations Department, John F Kennedy
(JFK) Drive, Nassau, Bahamas.

Any queries should be directed to Ms. Eldri Ferguson at (242)
324-9900 or (242) 424-2532 or eferguson@btcbahamas.conm.

Please respond to this RFP by no later than 4:00 p.m., October
22nd, 2007, addressed to:

Mr. Leon Williams
President & CEO
The Bahamas Telecommunications Company Limited
P. O. Box N-3048
John F. Kennedy Drive
Nassau, Bahamas


Proposals will be opened at 12:00 noon, October 23, 2007 at
BTC, JFK Drive.

BTC reserves the right to reject any or all proposals.


I 'rfl KII1 11,W[, I


I


-----I~-

















Price control has been 'ineffective'



in keeping the cost of food low


PRICE control has been inef-
fective internationally in keep-
ing food costs low, Prime Min-
ister Hubert Ingraham said.
He pointed to the impact the
government's customs duty
structure is having on the high
cost of food items in the
Bahamas.
Mr Ingraham headed a dele-
gation to CARICOM's Summit
on Chronic Non-Communica-
ble Diseases in Port of Spain,
Trinidad on September 15,
where Heads of the Caribbean
Community were encouraged
to enact laws and policies to
"make a healthy choice the eas-
ier choice" for those living in
the region.
Chronic non-communicable
diseases such as hypertension.
heart disease and diabetes, cou-
pled with obesity, account for
the majority of all deaths in the
Bahamas and the Caribbean
region.
"The truth of the matter is
price control doesn't work,"
Prime Minister Ingraham said.
"It doesn't work anywhere else
in the world. "We in the
Bahamas tell ourselves that we
are able to control prices but
we are not.
"But the extent to which the
government would be able to
impact upon cost we'd certainly
be more than happy and will-
ing to do so.
Mr Ingraham pointed out
that price control would only
be effective if the government
becomes the supplier of items
such as food a function, he
said, that would lead to other
factors including wastefulness.
"Cost of food and cost of


PRIME MINISTER Hubert Ingraham and Health and Social
Development Minister Dr Hubert Minnis among CARICOM leaders
taking part in the Port of Spain summit on Chronic Non-Communicable
Diseases


ccr
C4


k.4


,z,


INCOMING CARICOM chairman Prime Minister Hubert Ingraham
discusses matters at the Port of Spain summit with CARICOM
chairman and Prime Minister of Barbados, Owen Arthur


many items is very high, and the
government can look at the
extent to which its customs duty'


BAHAMAS ORCHID
presents...
2~nd
( ./ I .. [ : : . .; <; ;


SOCIETY


WI SATURDAY
September 22nd, 2007
EPWORTH HALL
10a.m. 1p.m.
"RCHID TALK 11:00
SAdmission: $5.00
ORCHIDS ON SALE.


structure is impacting upon that.
But as you have increased cost
of oil, you have increased cost
of transportation and you have


in the Bahamas a structure that
says the government collects
customs duty on items that are
imported and upon the freight
charges that are applied to it.
"And so as these costs go up,
the government's revenue goes
up, [as] the government's rev-
enue goes up people require
more and more services from
the government, and so we have
to have this balancing act all the
time."
When determining from a
legislative standpoint how the
Bahamas can make a healthy
choice the easier choice for
Bahamians, Mr Ingraham indi-
cated that there are a number of
key decisions the government
would have to make regarding
import taxes on meats, fruits
and vegetables and alcohol.
Those decisions include:
Whether the Bahamas
should begin to impose customs
duties on meat imports, as many
fatty meats are currently
imported into the country.
Whether the Bahamas
should reduce taxes on the
import of fruits and vegetables
and how such a decision with
fare with the country's farmers.
Whether the Bahamas
should maintain its high tariff
on chicken imports if it wishes
to encourage more consump-
tion of chicken as a white meat,
and how to balance the same
with production from local
poultry producers.
What should be the tax on
alcohol, and how such a tax
would affect the country's com-
petitiveness in the tourism busi-
ness.
During his keynote presenta-
tion to CARICOM Heads at


the Port of Spain summit, St
Kitts and Nevis Prime Minister
Dr Denzil Douglas called on
the community's leaders to
observe a CARICOM Wellness
Day, an idea Prime Minister
Ingraham endorsed.
Dr Douglas is the Lead Head
with responsibility for health in
CARICOM's quasi-Cabinet.
and stressed the need to make
changes at the legislative level


requiring that foods cooked in
public places in the Canlbbean
be prepared with healthy ingie-
dients.
Prime Ministei Ingraham,
who following the summit
revealed his decision to eat few-
er amounts of red meat, said
more and more Bahamians
might decide that the healthier
choice lor 1hern w would be to
become a vegetarian, adding


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THURSDAY, SEPTEMBER 20, 2007, PAGE 13


THE TRIBUNE









THE TRIBUNE


PAGE 14, THURSDAY, SEPTEMBER 20, 2007


LOCA NEWS


O


PARLIAMENTARY SECRETARY for the Ministry of Housing and National Insurance Brensil Rolle speaking
with Kemp Road residents


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


Sandals Royal Bahamian Resort & Offshore Island

Invites application for the following positions:-
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DIRECTOR OF FOOD & BEVERAGE

The successful applicant should satisfy the following minimum
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MINISTER OF Housing and National Insurance Kenneth Russell addressing the meeting at St Bede's
Catholic Church


Meeting held for Kemp




Road Urban Renewal


* By Bahamas Information
Services
CONCERNED residents
turned out at the Kemp Road
Urban Renewal town meeting
on Tuesday to discuss the press-
ing social issues that have
plagued the community.
Minister of Housing and
National Insurance Kenneth
Russell responded to the conm-


plaints about redirecting area
flooding, untimely garbage col-
lection, the absence of police
patrols and the lack of adequate
street lighting.
Residents at the meeting in
St Bede's Catholic Church were
also concerned about the grow-
ing illegal immigrant popula-
tion. some of whom openly con-
duct business and operate with-
out the proper business licence.


ST MARGARET Road resident Ruth Frazer making her point during the
meeting


Residents also noted it was
the first time they had spoken
directly to a minister who did
not fear visiting the area at
night.
Fr Alain Laverne, Rector of
St. Bede's Catholic Church, out-
lined the social isolation of the
community's youth, touching on
the statistical epidemic of teenage
pregnancy and juvenile delin-
quency. attributing the causes to


prostitution and unemployment.
Both Fr Laverne and Pastor
Dale Moss of the Church of
God of Prophecy referred to
the anxiety surrounding the
young people who are "squan-
dering opportunities" and con-
tributing to the vicious cycle of
the "breakdown of the family".
The minister assured resi-
dents that their observations
will be taken into account.


FATHER ALAIN Laverne Rector St Bede's Catholic Church voices his
opinion


SHALSBURY

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Troy Sampson
Immediate Post President
Bahamas M~rtgage Brokers Association
Andrew Wilson
Entrepreneur
&
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Senior Associate, Halsbury Chambers
SACP Ellison' Greenslade
&
ACP Marvin Dames
Royal Bahamas Police Force
Julia Lee
Registered Dietician, MS
Yvette Bethel
Executive Coach
Glenn Ferguson
Financial/Retirement Consultant
Nerissa Greene
Senior Associate, Halsbury Chambers


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10:00 am


10:30 am


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12:30 pm

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Topic
Getting Your Hands Dirty:
The Value of a Technical Education
Buying a Home: Basic Steps to
Safeguarding Your Purchase

Discussion: Whose Beach Is It Anyways?
Access Rights: Developers vs. Residents


Taking Back our Nation: Combating Crime



A National Crisis: The Skinny on Obesity

What's Your EO:
Measuring Emotional Intelligence
So You Want to Be A Millionaire

Protecting Your Marital Rights:
Divorce, Sweethearting & Outside Childien


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TE T E [ I II ,


Minister speaks with 12th graders


MINISTER of Education
Carl Bethel has launched a
series of visits to senior high
schools in New Providence to
urge students to avoid con-
frontation and focus on learn-
ing.
He paid the first visits to (
V Bethel and Doris Johnson
senior high schools, where he
reminded 12th graders that they
are looked upon by the other
students as leaders.
Mr Bethel told them they
must exercise responsibility and
set positive examples for the
others to follow.
He admonished the students
to avoid conflict and to
demonstrate leadership by
walking away from con-
tentious situations and doing
their part to ensure that the
school functions as a centre
for learning.
The minister informed the
students that the government
has doubled its contributions
for the awards of scholar-
ships and financial assis-
tance at the College of the
Bahamas and at the Ministry
of Education, Youth, Sports
and Culture.
He encouraged them to seek
tertiary level education and to








T-Way
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of things we
think, say or do
1. Is it the TRUTH?
2.Is it FAIR to all
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take advantage of the awards
being offered for tertiary level
education.
Mr Bethel spoke also of the
Bahamas Technical and Voca-
tional Institute one day becom-


ing a university that issues
diplomas recognized all over the
world.
He said that students who
aspire to the technical and voca-
tional disciplines should be


CAHL BETHEL addresses students at uv tBernel inign scnool
as part of a series of visits to schools


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proud of themselves because
they can in fact earn a very
good living.
He mentioned the very suc-
cessful business man James
Bain of "Bain's Electric" who
completed high school then


studied his trade and became
very good at it.
An aspect of the visit was
devoted to fielding questions
from the students whose inter-
ests ranged from instruments
for the band programme to


scholarships for students who
were not academically
inclined.
Mr Bethel said that opportu-
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students to achieve their dreams
through education.


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THURSDAY, I-P I-EMBEr-l 20, 2007, PAGE 15


THE TRIBUNE


i

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'

F~


-ic


1
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: Bnuun~:~urin
::i





THE TRIBUNE


PAGE 16, THURSDAY, SEPTEMBER 20, 2007


Pictured seated from left are: Marcus Hutcheson, RBC FINCO Mortgage Specialist; Renae Walkine, Manager, Personal Financial
Se -ices; ::inda ThE.- -' :->, manager, Cus.- r Service; and Clara Smith, Operations Officer.
Pictured standing from left are: Ray Harri, i ness Services Representative, Cash; Heidi Johnson, Client Assistant
Represent' -; Tev' Personal Fi -:-dI Services Representative; Juliette Sawyer, Central Teller; Tyra Whyly, Customer
Service Rep ~rserltative; Ca1.ndice Curry, CusiGoier Service Representative; Phillipa Gibson, Customer Service Representative; and
Aaron Neely, Customer Service Representative. Not pictured: Dashinique Rolle, RBC FINCO Mortgage Secretary


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both RBC Royal Bank of Canada and RBC FINCO
under one roof, pending the construction of RBC's
new flagship location one block west of the
temporary location on Carmichael Road.
Royal Bank will offer a full range of banking
products and services, v ile RBC FINCO will offer
a full suite of mortgage products and services.

Services include:
SBusiness and Consumer Loans
SPersonal and Business Deposit Account Services
Single and Multi-family Residential Mortgages
24-Hour ATM
Foreign Exchange Services
Night Deposits
Card Services


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THE TRIBUNE THU~~~~~~IU;,SP[EBR2,207 AE1


Annual Home and Builders


Show donates to Girl Guides


THE Bahamas Annual Home
and Builders trade-show and exhi-
bition has come to the aid of the
Bahamas Girl Guides Associa-
tion.
The trade show and exhibition,
which is now in its seventh year,
usually gives part proceeds from
the show to charitable organisa-
tions.
Proceeds from last year have
been given to the Girl Guides to
bc used to build a new headquar-
ters and upgrade the Guides'
camp site, it was announced this
week.
Constance Miller, chief com-
missioner of the Guides, thanked
Mr Nikita Curtis, president of the
Bahamas home and builders
show, for the donation.
'he Bahamas Girl Guides
Association is the national guide
organisation of the Bahamas.
It has more than 2,000 mem-
bers and is one of the oldest
youth organizations in the
Bahamas.
The Bahamas Girl Guides was
founded in 1915 and became a full
member of the World Associa-
tion of Girl Guides and Girl
Scouts in 1975.
The Association is divided in
four branches according to age:
Sunflowers ages five and six
Brownies ages seven to 10
Guides ages 10 to 14
Rangers ages 14 to 18
October has been earmarked
Girls Guide Cookie Month and
the young ladies will once again
be at the show selling their cook-
ies.
In recent times the net proceeds
from the door have been present-
ed to noteworthy charities such
as NEMA and the Cancer Society
of the Bahamas
This year, the show will take
place at the Wyndham Cable
Beach Resort on October 26 to
28.
"The one-of-a-kind show will
give attendees the opportunity to
attend interesting seminars, gain
invaluable tips on the local home
and building industry, and win
more than $50,000 in fabulous
prizes and surprises," said a
spokesperson. "This year's show
and exhibition promises to be bet-
ter than ever before thanks to its
proud sponsors."
Some of the sponsors thus far
include Colinalmperial, the US
Embassy, Arawak Homes and
Commonwealth Building Sup-
plies.


PICTURED (L-R) ARE: Constance Miller, chief commissioner Girl Guides;
Maria Symonette; Nikita Curtis, president of the Bahamas home and
builders show.


Colina Imperial Insurance Ltd
will have a booth with staff to dis-
seminate information associated
with building and construction.
Commonwealth Building Sup-
plies will also be on hand to dis-
cuss the hardware issues and con-
cerns of persons attending the
event.
Arawak Homes will have rep-
resentatives on hand to discuss
home ownership plans and ideas
with homes owners and potential
home owners.
The home and builders show
has evolved into a highly antici-
pated event, which is frequented
by persons directly and indirectly
involved in the construction,
building and home industries.
"Everyone from contractors
and plumbers to ladies looking
for interior designing tips flock to
the show which averages over
6,000 attendees over the week-
end," said the spokesperson.
There will be more than 80
booths including banks, insurance
companies, sub-contractors, engi-
neers, building supply companies,
interior decorators and security
companies.
Patrons will also have the
opportunity to learn about the lat-
est products and services avail-
able in the building industry from
both local and foreign vendors.
'The exhibition is the only
venue in the Bahamas and the
Caribbean, that brings together
all the major players in the home
and building Industry to network
and exhibit their products and ser-
vices to each other and the
Bahamian public-all at one time,


and under one roof.
"Some of the major foreign
companies that have participated
in the show over the past few
years include 84 Lumber, Home
Depot and Southern Pine Coun-
cil," said the spokesperson.
On Saturday, October 27, the
show will open to the general pub-
lic between 10am and 6pm. Island
102.9 FM and Love 97.5 FM radio
vans will be on site to meet with
exhibitors and provide an oppor-
tunity for them to market their
products and services on the
radio.
On Sunday, the show will open
to the general public between
noon and 6pm. A Joy 101 FM
radio van will be on site. To
ensure a large attendance, several
exciting events will be organised
with the highlight being the draw-
ing of show prizes between 4pm
and 6pm.
The Bahamas home an builders
show was created in 2000 by Spe-
cial Events Bahamas Ltd (SEBL),
a Bahamian company created to
serve as a "market maker" in the
Bahamian home building and
remodeling sector.
The goal was reportedly to
establish a platform for local and
international companies interest-
ed in the Bahamian home build-
ing to showcase their products
and services to the local con-
sumer.
The show also serves as an
opportunity for companies to pro-
mote, network and share infor-
mation among themselves and
with other industry leaders and
partners.


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'k AR WILLIAMS @ THE ABACO TOURIST OFFICE (242) 3673067
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''.-* -..**.*t. '. .. -. .*... ;. ., . .; -..a.*T l ...atn i-ir fiaimt ^rfam imaimmaflaja im aaBme aa


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Demln Jeans Size 34-42
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Prices Available in Nassau location only. Open Mon-Thurs 8am-9pm,
Images shown may differ Fri & Sat 7am-10pm
slightly from product in stock. & Sun 7am-12noon
Old Trail Road 242 393-4041
GOOD WHILE SUPPLIES LAST.
Credit Cards accepted
Sale ends Wednesday, Sept 26th


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THURI;DAY, SEPTEMBER 20, 2007, PAGE 17


THE TRIBUNE


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THE TRIBUNE


PAGE 18 THURSDAYSEPTEMBER 20, 2007


LAN


Diamonds International, Dame Maguerite Pindlil

raising funds towards Ranfurly Home deficit


DIAMONDS International
has joined Dame Maguerite Pin-
dling in raising funds towards
paying a $90,000 deficit which
has been accumulated by the
Ranfurly Home for Children.
The company has joined with
Dame Maguerite along with
other key supporters of the
Ranfurly Home to announce the
organisation's participation in
this national effort.
Diamonds International has
reportedly taken on the respon-
sibility of selling 500 raffle book-
lets.
The employees of DI have
committed to a minimum of two


raffle book per staff member,
the raffle tickets sell for $1 with
20 tickets per booklet.
"We are encouraging the gen-
eral public to become involved
and do their part in order to
keep the operation of facilities
for the children ongoing, and
ongoing successfully", said
Anthony Smith, marketing man-
ager at DI.
Diamonds International cor-
porate partners assisting in this
cause include: the Miss
Bahamas Organisation, Devince
Volleyball team, and the
Bahamas Chamber of Com-
merce.


Kelda McDonald, payroll and
benefits officer at DI said, "We
are happy to see that our
employees are so willing to
extend themselves for this cause.
"Some of us grew up in more
privileged circumstances, while
others had difficulties and chal-
lenges, so it is quite refreshing
to see when your colleagues and
staff members join together for
worth while effort".
The raffle drives ends at the
end of October.
For more information regard-
ing tickets, please call Mr.
Anthdny Smith or Sandra Ford
at: 323-4054.


& ,


Treat yourself to a luxurious day at Sandals and Sandals Cay. Enjoy lunch
at your choice of three restaurants. Rejuvenate at the RedLane Spa facilities
including Sauna, Steam, and Plunge Pool, accompanied by a professional
manicure and pedicure. Make it a "me" day or a "day out with the girls"
either way, you're in for an unforgettable day of pampering!
$159 per person
$149 per person Group Rate
(10 person minimum)
SSB NdFay 10am 6pm, 7 days per week

Release our sts any day of the week with a 50-minute massage at the
".^. .:, 7 world famous RedLane Spa, followed by a dinner featuring Ristorante
Casanova's sumptuous Northern Italian cuisine. After dinner take in all
that Sandals offers in entertainment. Sing along to your favourite son
:i1 ,^ / i^ ~with Heston in the Piano Bar and dance the night away to the music o0
,-a:. ,VIP Band!
VPa n$199 per person '
5pm lam, 7 nights per week
Appointments for massages must be made at 5, 6 or 7pm.



Whisk that special someone away for a 3-day/2-night weekend getaway at
Sandals and Sandals Cay, where our RedLane Spa will treat each of you to a
50-minute "Scents of Love" aromatherapy massage AND the Sauna, Steam, ,
and Plunge Pool facilities. Enjoy Breakfast, Lunch and Dinner at your choice
of our nine restaurants followed by dancing and entertainment.
. $999 per couple Friday Sunday 1.


Tel: 702-5055 or 702-5056 Fax: 327-3971
Email: clynch@srb.sandals.com
or dprabhu@srb.sandals.com www.sandals.com


I, I, .


RDA AAO,


_ -I ----- --- --- --- IIPPI~LC---~


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THE TRIBUNE


THURSDAY, SEPTEMBER 20, 2007, PAGE 19


INERATINLNW


Typhoon

weakens as it

hits eastern

China, causes

little damage

SHANGHAI, China

TYPHOON Wipha weak-
ened Wednesday as it swept
through eastern China, bring-
ing torrential rains that
destroyed thousands of hous-
es, flooded streets and dis-
rupted air traffic in the coun-
try's financial center of Shang-
hai, according to Associated
Press.
Authorities in Shanghai
and nearby provinces evacu-
ated some 2 million people,
mostly from coastal regions,
boats and unsafe housing.
One man was electrocuted in
the city, local media report-
ed.
Local meteorological offi-
cials had warned Wipha could
be the most destructive.storm
to hit eastern China in a
decade, but it was not as bad
as expected.
It was downgraded to a
tropical storm after it tore
into the coast south of Shang-
hai before dawn. It passed to
the west of the city later ipn
the day, as clouds whipped
past its many skyscrapers.
The storm destroyed thou-
sands of houses and disrupted
power to more than 100 com-
munities, the official Xinhua
News Agency reported, citing
the Ministry of Civil Affairs
and provincial officials.
It said preliminary esti-
mates put the damage at $638
million and likely to rise.
Shanghai, a city of 20 mil-
lion, closed schools, ferries
and other transport links fol-
lowing forecasts of torrential
rains and strong winds.
The Meteorological Bureau
in Zhejiang province reported
that Wipha was downgraded
into a tropical storm after it
made landfall and its sus-
tained wind speeds dropped
below 74 mph.
By evening, Wipha was
passing to the northwest of
Shanghai, with wind speeds
of 55 mph, weather reports
Said.
State television showed
flooded streets, fields and
homes. Rescue workers hand-
ed out packets of instant noo-
dles and ferried residents
stranded by local flooding to
higher ground.
The storm hit land near
Cangnan in southern Zhe-
jiang province, some 250 miles
south of Shanghai.
Organizers of the women's
World Cup rescheduled
Wednesday's Shanghai match
between Norway and Ghana
to Thursday and moved it to
the neighboring city of
Hangzhou. Three Wednesday
games were rescheduled for
Thursday, to allow them to
be played simultaneously with
other final group matches.
On Tuesday, one worker
was reported killed and
another seriously injured as
the fringe of the typhoon
lashed Taiwan, knocking
down scaffolding at a high-
way construction site in
Taipei, Taiwan's Disaster
Relief Center reported.


Iran set to retaliate in case of attack




by Israel, air force official says


* TEHRAN, Iran

THE deputy commander ol0
Iran's air force said Wedlnescda
that plans have been drawn up
to bomb Israel if the Jewish state
attacks Iran, according to the
semiofficial Fars news agency.
according to Associated Press.
The announcement came
amid rising tensions in the
region, with the United States
calling for a new round of U.N.
sanctions against Iran over its
disputed nuclear program and
Israeli planes having recently
overflown, and perhaps even
attacked, Iranian ally Syria.
On Sunday, French Foreign
Minister Bernard Kouchner said
the international community
should prepare for the possibili-
tv of war in the event that Iran
obtains atomic weapons,
although he later appeared to
soften that statement.
"We have drawn up a plan to
strike back at Israel with our
bombers if this regime (Israel)
makes a silly mistake," Gen.
Mohammad Alavi was qluotdc
as telling Fars in an inter\ iew.
Fars confirmed the i quotes
when contacted by The Associ-
ated Press, but would not pro-
vide a tape of the interview. The
Iranian air force had no imme-
diate comment.
Defense Minister Mostai'a
Mohammed Najjar told the offi-
cial IRNA news agency Wednes-
day that'"we keep various
options open to respond to
threats. ... We will make use of
them if required."
Iran's elite Revolutionary
Guards released a statement that
the nation was ready for a mili-
tary confrontation.
"Iran, having passed through
crises ... has prepared its people
for a possible confrontation
against any aggression," IRNA
quoted the statement as saying.
White House press secretary
Dana Perino called Alavi's conm-
ment "unhelpful."
"It is not constructive and it
almost seems provocative," she
said. "Israel doesn't seek a war


with its neighbors. And wc all
arc seeking, undclr the UI.N.
Scclurity councilil resolutions, for
Iran to comply with its obliga-
tions."
Secretary of Slate C'ondolccz-
za Rice said the lUnited States
is committed to diplomacy.
But she said "it can't be busi-
ness as usuIal" with a country
whose president has spoken of
wiping Israel off the map.
For diplomacy to work. Rice
said during a visit to JeruslIlem,
"it has to have both a way for
Iran to pursue a peaceful reso-
lution of this issue and it has to
have tcctli and thle Ii.N. Securi-
ty Council andi other Cmeasuries
are providing techh."
Israeli Foreign Ministry
sp'okcsm.in Mark Rgc'cv said,
"Ill'forituinalcy \vc' are all oo
accustomeiid o tli ts kind of bellim
COse, extrmclist and hatefull lan-
gu.lag cominiig from Iran."
"We take lie e threat \ry\ scri-
ousl\y alld so does the interna-
tiolnal commnunity," he added.

Contingency

Iran has said in tlie past that
Israel would he IIran's first retal-
iator y target if attacked b1y the
IUnited States, but Alavi's com-n
iments w\\Ce the Iirst word of s'pe-
cific contingency plans for strik-
ing back on Israel.
Many in the region fear Israel
could launch airstrikes on Iran-
ian nuclear facilities to prevent it
from building a nuclear weapon.
Alavi also warned that Israel
was within Iran's necdiucm-range
missiles and its fighter bombers,
while maintaining that Israel was
not strong enough to launch an
aerial attack against Iran.
"Tlie whole territory of this
regime is within the range of ouir
missiles.
"Moreover, we can attack
their territory w\ilih our fighter
bonlbers as a response to Man
attack." the general said.
An upgraded version of' Iran's
Shahab-3 missile has a range of'
1,250 miles. capable of reaching


Isrtiel and carrying a nuclear
warhead.
Alavi said Iran's radar bases
were monitoring activities at the
country's borders around the
clock and boasted that it had the
capability to confront U.S. cruise
missiles.
"One of the issues the enc-
mies make' publicity about is
their cruise missiles. Now, we
possess the necessary systems to
confront them," Alavi was quol-
ed as saying.
Iran's ambassador to Kuwait
said in an interview with the
Kuwaiti Al-Rai newspaper that
SI.S. lases in the Gull would be
targeted if the country was
attacked.
"Iran won'11 im mediately
strike UI.S. hases in the region it'
il conics undcr a military strike.
It will hit the base from which
the strike against it caine," Ali
antii told olthe newspaper.
"But 1 don't think the Gulf
nations would allow that a strike
be launched from their terlito-
rvY."
Kuwait has a major UI.S. base.
which helps supply troops in
Iraq. The .S. 51h Flcct, which
patrols the Gulf. is based in
Bahrain, and thle U.S. forces'
Central Command is based in
Qatar,
A top Revoilutionary Guards
commander said this week that
Americans could be found all
around Iran and that they were
legitimate Iranian targets if the
U.S. takes military action.
"Today, the United States is
within Iran's sight andall around
our country. but it doesn't mean
we have been encircled. They
are encircled themselves andl are
within our range." Gen.
Molhammed I asan IKousechhi
told IRNA, relcrring to U.S.
units in Irai l and .Afghanistan.
In Ankara., Turkcv. on
Wednesday, Ulldersecrietarv of
State Nicholas 3urnis called for
U.N. Security C'ouncil members
and I .S. allies to help push for a
third round ol sanctions against
Iran o\ er its nuclear progl-am.
Burns said Washington w as


U. S. UNDERSECRETARY of State Nicholas Burn speaks to the media after his meeting with Turkish Prime
Minister Recep Tayyip Erdogan in Ankara, Wednesday, Sept. 19, 2007. Burn called Wednesday for U.N.
Security Council members and U.S. allies to help push for a third round of sanctions against Iran over its
disputed atomic work.


pursuingg peacefulI diplomacy,"
and urged Iran to cooperate.
However, he said the "responsi-
bility lies with Iran to choose
negotiations."
"We arc going ahead to try to
sanction Iran again, and we hope
very much to have the support
of Russia and China and the oth-
er countries in the council for
that," Burns said.
"We have very strong support
of France and Britain in this
respect."

Sanctions

Russian Foreign Minister
Sergey I.avrov on Tuesday sig-
naled Moscow's opposition to a
third rciund of sanctions, and
praised a recent agreement
between Iran and the Interna-
tional Atomic Energy Agency
aimed at resolving outstanding
issues.
U.N. Secretary-General Ban
Ki-moon urged Iran to cooper-
ate fully with the IAEA, the
U.N.'s nuclear watchdog agency,
and the Security Council to set-
tle tlie dispute, saying the Unit-
ccd Nations wants a peaceful
solution.
lT\o I.N. resolutions impos-
ing sanctions on Iran have failed
to persuade the country to sus-
pend uranium enrichment.
Tehran insists the program is
aimed at producing energy for


civilian use but the U.S., its
European allies and many others
fear the program's real aim is to
produce nuclear weapons.
Burns said he would host a
meeting Friday with the partici-
pation of permanent members
of the Security Council "to look
at the elements of a third reso-
lution."
Talks on a third U.N. resolu-
tion that would impose new
sanctions on Iran were expected
next week in New York, when
world leaders attend the annual
ministerial session of the U.N.
General Assembly.
"All countries should do their
best ... to sanction Iran on their
own according to their laws,"
Burns said.
On Sunday, Kouchner said
France had appealed to major
companies such as oil giant Total
and gas giant Gaz de France not
to bid for projects in Iran.
He also said France and Ger-
many were preparing possible
European Union economic sanc-
tions against Tehran beyond
existing U.N. measures.
"The whole trend is away
from commercial engagement
and toward sanctions whether
that's Security Council sanctions
or individual sanctions," Burns
said.
He said U.S. allies and friends
Turkey, Germany, Japan, South
Korea and India should consid-
er similar actions.


School


chance to get your


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* .\ premium flour that is milled from Canadian
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O 1a 111 .








THE TRIBUNE


PAGE 20, THURSDAY, SEP IEMBLH 20, 20U/


Poets and *, >
LOCAL+ NEWS,,


performance


artists take


to the stage

POET AND performance artist Christine Wilson, aka "Crab," shares
her talent during the latest session of "Express Yourself," on Sep-
tember 12. The event, held at "Da Island Club" in the Nassau Beach
Hotel, is an open mic forum for poets, musicians and visual and
performance artists to share their work.


Paradise Island

Club Land cr


EU says it can pay for


multibillion-dollar Galileo


satellites with own funds


Blue Lagoon
Seafood Restaurant & Grill Terrace


DINNER SERVED FROM 5-10PM
Ask about the Chef's Special four-course dinner,

OPEN FOR BREAKFAST FROM 7:30 -11AM


OASIS LOUNGE, 7PM-12- MID-NIGHT
Live entertainment provided
By
iThe fabulous Frankie Victory
HAPPY HOUR 5-7PM MON-SAT
Buy one &get second drink fiee iHot fors d'oeuivrcs

PRESENT THIS AD AND RECEIVE 10% DISCOUNT Off Dinner Check.
CLUB LAND'OR RESORT PARADISE ISLAND
Located on the Atlantis Marina & the Marina Shopping Village

FREE PARKING

Reservations Suggested
Telephone 363-2400

Closed on Sundays and Mondays.


* BRUSSELS, Belgium
EU ROPIE'S proposed n multi-
billion-dollar Galileo satellite
navigation project could be sal-
vaged with the help of unspent
Ell funds and without addi-
tional taxpayer money, the
European Commission said
Wednesday, accordinii to Asso-
ciatld Press.
The ElU executive said it
could shilt ionevo within the
bloc's 2()07-2()13 budget to
come up with the 2.4 billion
euros ($3.3 billion) needed to
hail out Galileo.
Thle (Commission suggested
tie money could come from
fIunds allocated for the agricul-
ture sector, flor research and for
lunnin g lthe I11 civil service.
(;:lilco was Cenvlisaed as a
rival to the I .S. GPS svstel.m
operated h the \ Departilent of


Defense. and touted as a key
hiih-technologv venture for the
EU.
But the project was botched
when eight companies from
France. Germany, Spain,
Britain and Italy clashed over
the development of the system.
Public funds originally were
set aside to cover about one-
third of the construction of
Galileo, with the private sector
penciled in to provide the rest.
The total price tag has been
estimated at between 3.4 bil-
lion euros and 3.6 billion euros
($4.7 billion to $5 billion).
It is now up to Ell member
states to decide whether to
accept the Colmmission pro-
posal and carry oln with the pro-
ject. which is not expected to
be up and running before 2013.
El) transport ministers will
debate the issue again in Octo-
ber.


@D E LTA




- *


i ,


t. '.
i ..I






lowdeswelln Street
t'lhind Scoti OantI
Tel: I1Jll-1103


"Galileo is a strategic project
for the EU. We don't want to
depend on the GPS signal, as
the United States can step in
at any time for military rea-
sons." EU Transport Commis-
sioner Jacques Barrot told a
European Parliament commit-
tee when the funding proposal
was revealed. He said a final
decision on funding must be
made by the end of the year if
the system is to be in orbit in
2013.
The Commission said 2.2 bil-
lion euros ($3 billion) could be
transferred from an unspent
agriculture budget: 220 million
euros ($305 million) could be
provided from money ear-
marked for administration: and
300 million euros ($41o million)
from the research budget.
Private companies could then
finance maintenance and oper-
ation of the system, Barrot said.
Galileo is envisaged to com-
prise a network of 30 satellites
beaming radio signals to receiv-
ing devices on the ground. help-
ing users pinpoint their loca-
tions. The system interoper-
able with the 24-satellite GPS
- would more than double
existing IGPS coverage, provid-
ing nlavigationl for people from
motorists to pilots to lemer-
gellc rescue teams. It would
inlprove coverage in high-lati-
tude areas such as northern
Europe, and in big cities where
skyscrapers call block signals.
evI)elopers say Galileo
would also be more precise
than GPS. zeroing in up to one
meter (3.3 feet), compared with
five meters (16.4 feet) with GPS
technology. However. only one
of Galileo's satellites has been
Launched, in IDecembel r 2005.
The second satellite missed its
autumn 200)6 launch date after
it short-circuited during final
testing.
(I alileo was originally ellvis-
aged as a ci\ ilian-based system
run byv ; civilian authority\
which could not be turned off.
But Barrol said "the debate still
need to be l'ope" on all possible
uses of the pi oject, including
tiilitarv or peacekeeping pro-
jectcs.


~~P~L~mi~


~a~b f'"~'
"+rC~:P 't4
8 ~ ~I~
~sr
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THURSDAY SEPTEMBER 20, 2007, PAGE 21


THE TRIBUNE


C1&V1
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THE TRIBUNE


PAGF 22 THURSDAY. SEPTEMBER 20, 2007


I


7:30 1


- -I-lNETWORK CH)


South Florida
War Stories


Presidential Debate Democratic candidates discuss
issues at the Adler Theater in Davenport, Iowa. (Live)
01 (CC)


SEPTEMBER 20, 2007


8:00 8:30 9:00 9:30


10:00 10:30


- I-S


The Insider (N) Survivor: China "A Chicken's a Lit- CSI: Crime Scene Investigation Without a Trace "The Beginning"
0 WFOR n (CC) tie Bit Smarter" (Season Premiere) "Living Doll" The team tries to track 01 (CC)
(N) n (CC) down the Miniature Killer.
Access Holly- My Name Is Earl Earl helps Joy as The Office "The Job, Parts 1 and 2" ER The new chief prepares to make
S WTVJ wood (N) (CC) her trial arrives; includes previously Michael, Jim and Karen go to New changes in the ER; Kovac post-
unseen footage. (N) (CC) York for job interviews. (CC) pones his honeymoon. (CC)
Deco Drive Are You Smarter Than a 5th Grad- Don't Forget the Lyrics! Missing News (N)(CC)
.O WSVN e(? Adults answer elementary- lyrics. (N) n (CC)
school questions. (N) (CC)
SJeopardy! (N) Ugly Betty Betty's romance with Grey's Anatomy Cristina and (:01) Men in Trees Marin must get
Sv WPLG (CC Henry heats up; Wilhelmina's power Burke's wedding day; the interns ge used to Cash's lifestyle when he
play moves forward. (CC) their exam results. n (CC) moves into her cabin. 1 (CC)

(:00) CSI Miami CSI: Miami Foul play is suspected The First 48 (N) (CC) Dallas SWAT Season Finale) Drug
A&E Slow Burn" when a member of a hunting group operation. (N) (CC)
(CC) is mauled by a bear.
Hardtalk BBC News World Business BBC News Talking Movies BBC News World Business
BBCI (Latenight). Report (Latenight) (Latenight). Report
BET Hell Date (CC) The Black Car- Access Granted Movie Special The Wire n (CC)
BET pet(CC) (N) '(CC)
Just for Laughs ST. URBAIN'S HORSEMAN (2007, Drama) (Part 2 of 2) David Julian CBC News: The National (N) (CC)
CBC Gags (CC) Hirsh. A television director becomes obsessed with his cousin. (CC)
:00) On the Fast Money Deal or No Deal Contestants et a The Big Idea With Donny Deutsch
CNBC Money chance to win money. (CC
CNN :00) The Situa- Out in the Open Larry King Live (CC) Anderson Cooper 360 (CC)
NN t lion Room .
Scrubs "My Road The Daily Show The Colbert Re- Mind of Mencia South Park Stan South Park Drawn Together
COM to Nowhere" With Jon Stew- port(CC) Senior citizens, looksto newreli- Communicating (CC)
(CC) art (CC) (CC) gions. with the dead.
COURT Cops "Coast to Inside American Inside American Bounty Girls Miami (N) Forensic Files Forensic Files
01U R Coast" (CC) Jail JaIl (N) -___I _
The Suite Life of * BEETHOVEN'S 4TH (2001, Comedy) Judge (:35) Kim Possi- That's So Raven Life With Derek
DISN Zack &Cody Reinhold, Julia Sweeney. The Newtons get back the ble Clean Slate" "Teacher's Pet" Casey lies. 1
Bowling match, wrong dog from obedience school. 1 'G' (CC) n (CC) (CC) (CC)
This Old House This Old House Sweat Equity Blog Cabin (N) Blog Cabin Man Caves Desperate Land-
DIY n0 (CC) Dramatic foyer. __Landscaping. escapes (N)
W Maybrit llner Thadeusz Journal: Tages- Bundesliga Kick Journal: In Euromaxx
DW them Off Depth
E! The Daily 10 (N) *t* PLEASANTVILLE (1998, Comedy) Tobey Maguire, Jeff Daniels, Joan Allen. Two Katie & Peter
S'90s teens are transported into a 1950s TV sitcom.
ES N College Football Texas A&M at Miami. (Live) (CC) SportsCenter
ESPN (Live) (CC)
ESPNI UEFAChampi- MLS Soccer Chicago Fire at FC Dallas. From Pizza Hut Park in Frisco, SportsCenter International Edi-
ESPNI ons League Texas. (Live) (CC)ton (Live)
WTN Daly Mass: Our Life on the Rock Parable The Holy Rosary Back Stage The Pure Life
EWTN Lady
FIT TV :00) Cardio Art of the Athlete "Steve Young" Insider Training Soccer players Deadly Arts "Muay Thai' Male dom-l
FIT TV Blast 0 (CC) Steve Young. 01 (CC) Cobi Jones and Abby Wambach. inated world of Muay Thai.
F Fox Report- The O'Reilly Factor (Live) (CC) Hannity & Colmes (Live) (CC) On the Record With Greta Van
FOX-NC Shepard Smith Susteren (Live) (CC)
(:00) MLB Baseball New York Mets at Florida Marlins. From Dolphin Stadium in Miami. Inside the Mar- The FSN Final
FSNFL (Live) lines Score (Live)
6:30) PGA Golf Nationwide Tour -- Albertson's Boise PGA Golf Turning Stone Resort Championship -- First Round. From
GOLF pen First Round. From Boise, Idaho. Verona, N.Y.
:00) Weakest Who Wants to Be a Millionaire n That's the Ques- Family Feud 1 Family Feud ( Chain Reaction
GSN ink n1 (CC) (CC) tion (CC) (CC) (CC)
(:00)Attack of X-Play X-Play Cops 2.0 Fort Cops 2.0 Car- Ninja Warrior Ninja Warrior
G4Tech the Show! (N) Worth" n (CC) theft suspect.
(:00) Murder, Murder, She Wrote The suicide of YOU'VE GOT A FRIEND 12007, Drama) John Schneider, Bitty Schram,
SHALL She Wrote n an accused murderer causes Jessi- Dylan McLaughlin. An orphan develops an unlikely friendship with a re-
(CC) ca to question her guilt. (CC) cluse. (CC)
Buy Me Upkeep Holmes on Homes "Let's Rejoist" Restaurant Over Your Head Disaster DIY Junk Brothers
SHGTV forces couple to 0 (CC) Makeover "Full Kitchen makeover. Lessons in dry- An old relrigera-
sell home. (CC) Circle Cafe" 0 0 (CC) wail. 0 (CC) tor door. (N) 1
I P Morris Cerullo Breakthrough Love a Child Inspiration To-' Life Today (CC) This Is Your Day The Gospel
INSP(CC)day (CC) Truth
Reba Kyra goes My Wife and According to Friends Picture- Everybody Two and a Half Family Guy Pe-
KTLA on her first date. Kids "Michael's Jim Jim's friend perfect Christmas Loves Raymond Men "Phase One, ter infiltrates the
0 (CC) Garden" (CC) gets cold feet. card. (CC) "Debra's Sick" Complete" high school, n
Still Standing Reba Reba reluc- * FRIED GREEN TOMATOES (1991, Drama) Kathy Bates, Jessica Tandy, Mary Stu-
LIFE "Still Aging" A tantlygoes on a art Masterson. Premiere. Fannie Flaggs tale of friendship between Alabama women. (CC)
(CC) blind date.
:00 Hardball Countdown With Keith Olber- MSNBC Live With Dan Abrams Secrets and Lies
MSNBC cc mann
NI K Drake & Josh SpongeBob Drake & Josh Home Improve- Home Improve- George Lopez George Lopez
NICK "Sheep Thrills" SquarePants "Alien Invasion" ment n (CC) ment (CC) C (CC) (CC)
NTV Smarter Than a Survivor: China "A Chicken's a Lit- Shark "Wayne's World 2: Revenge News (N) 0 News
N 5th Grader? tie Bit Smarter (N) (CC) of the Shar 1n (CC) (CC)
SP D Pinks The Chase Is On Survival of the Pinks -- All Out From Bristol Drag- NOPI Tunervi- NOPI Tunervi-
SPEED (N) Fastest (N) way in Bristol, Tenn. (N) sion sion
Against All Behind the Michael Youssef Bishop T.D. This Is Your Day Praise the Lord (CC)
TBN Odds (CC) Scenes (CC) Dr. Michael Jakes (CC) (CC)
Youssef. (CC)
Everybody Friends Ross Friends Ross *' BRIDGET JONES: THE EDGE OF REASON (2004, Romance-
TBS Loves Raymond finds himself finds Marcel on a Comedy) RenBe Zellweger, Hugh Grant, Colin Firth. Bridget faces threats
0 (CC) missing Marcel. movie set. to her newfound happiness with Mark. (CC)
(:00) Monster American Hot Rod "Bonneville American Chopper "Intel 1" The American Chopper "Intel 2" The
TLC Garage "Firetruck Racer 2" (N) team builds a custom chopper for crew continues work on the high-
Brewery" Intel Corp. (CC) tech chopper. (CC)
(:00) Law & Or- Law & Order The wife of a zealous * RESIDENT EVIL: APOCALYPSE (2004, Horror) Milla Jovovich, Si-
TNT der "Standoff' defense lawyer is murdered in the enna Guillory, Oded Fehr. Survivors of a deadly virus battle zombies.
__(CC) (DVS) couple's car. (CC) (DVS) (CC)
Home for Imagi- Grim Adven- Ed, Edd n Eddy Camp Lazlo My Gym Part- Courage the Naruto Choji
TOON nary Friends turesner'sa Monkey Cowardly Dog rights Dosu.
(:00) Toute une Envoy6 special Dossier Scheffer Urbania
TV5 histoire
TW Storm stories Abrams & Bettes Weather: Evening Edition (CC)
I WC (cc)
(:00) Yo Amo a Amar sin Limites Un hombre lucha Latin Grammy Celebra: Marco Antonio Soils Un homenaje al cantautor
U NIV Juan Querendn para salvar a la mujer que ama. (N) y misico mexicano.
* NATIONAL TREASURE (2004, Adventure) Nico- Burn Notice "Loose Ends" (Season Finale) A former Special Forces unit
USA las Cage, Hunter Gomez, Diane Kruger. A man tries to takes Sam hostage. (N) (CC)
steal the Declaration of Independence. (CC)
VH 1 Hogan Knows Hogan Knows Hogan Knows ** BE COOL (2005, Comedy) John Travolta, Uma Thurman. Premiere.
VH1 nBest 01 Best n Best 01 Chili Palmer runs afoul of record-industry players. 01
vS. Winkelman Out- Whitetail Revo- Whitetail Revo- The Bucks of Federal Experi- The World of Outdoor Adven-
door Secret lutions lutions Tecomate (CC) ence Beretta (CC) tures
(:00) America's * MAJOR LEAGUE: BACK TO THE MINORS (1998, Comedy) Scott WGN News at Nine (N) 0 (CC)
WG N Funniest Home Bakula, Corbin Bernsen, Dennis Haysbert. Misfit minor-leaguers prepare
Videos n (CC) to play the Minnesota Twins. 1 (CC)
Family Guy Pe- Beauty and the Geek A hot guy and a geeky gal throw the house into CW11 News at Ten With Kaity
WPIX ter inmi'trates the turmoil. 0 (CC) Tong, Jim Watkins (N) (CC)
high school. 0
Jeopardy! (N) Dr. Phil Feuding mothers and News (N) Jeopardy! (CC) Frasler Niles Frasier "She's
WSBK (CC) daughters. (N) 0 (CC) drives Frasier the Boss" 0
crazy. (CC) (CC)

(:00) REAL Inside the NFL n (CC) * ACCEPTED (2006, Comedy) Justin Long, Jonah The Kingdom:
H BO-E Sports With Hill, Blake Lively. A college reject and his friends create HBO First Look
Bryant Gumbel a fake university. 0 'PG-13' (CC) 01 (CC)
(6:00) *' Alive Day Memories: Home From ** HOLLYWOODLAND (2006, Mystery) Adrien Brody, Ben Affleck, Di-
HBO-P LIVE FROM Iraq (CC) ane Lane, A detective probes the mysterious death of TV Superman
BAGHDAD (CC) George Reeves. n 'R' (CC)
(6:45) *, STUART SAVES HIS * FLUSHED AWAY (2006, Comedy) Voices of REAL Sports With Bryant Gumbel
H BO-W FAMILY (1995) Al Franken. 01 'PG- Hugh Jackman, Kate Winslet. Animated. A pampered n (CC)
13' (CC) pet rat winds up in the sewer. n 'PG' (CC) ______
(:00) * v THE DEEP END OF THE OCEAN (1999) * MAN OF THE YEAR (2006, Comedy) Robin Williams, Laura Linney,
H BO-S Michelle Pfeiffer. A boy's disappearance leaves deep Christopher Walken. A talk-show host becomes president of the United
wounds within his family. 'PG-13' (CC) States. n 'PG-13' (CC)


(6:30) *YTHE (:15)* THE PRINCESS BRIDE (1987, Adventure) Cary Elwes, THE RETURN (2006, Suspense)
MAX-E FAMILY STONE Robin Wright, Mandy Patinkin. A stableboy in disguise sets out to rescue Sarah Michelle Gellar, Peter
(2005) his beloved. 01 'PG' (CC) O'Brien. n 'PG-13' (CC)
6:45) * IN HER SHOES (2005, Comedy-Drama) ** 48 HRS. (1982, Action) Nick Nolte, Eddie Mur- 35) Sin CIty Di-
MO M AX cameron Diaz. A sexy partyer clashes with her seri- phy, Annette O'Toole. A convict is temporarily set free aries "Tour of
ous-minded sister. n 'PG-13' (CC) to help catch fugitives. 0 'R' (CC) Duty" 1 (CC)
(:15) i, IN THE MIX (2005) Usher Raymond. iTV. A *v, THE LONGEST YARD (2005, Comedy) Adam Sandier, Chris
SHOW disc jockey becomes a bodyguard for a mobster's Rock, Burt Reynolds. iTV. Prisoners train for a football game against the
daughter. 1 'PG-13'(CC) guards. n 'PG-13'(CC)


TMC


Visiones: Latino
Art and Culture
n (CC)


Independent Lens "La Lupe:
Queen of Latin Soul" Singer Lupe
Victoria Yoli. 0 (CC)


--i ~t.5Ai : -T:ybf


gMoie Gift Certi.fi

iHrmnake great gifts!


THURSDAY EVENING


H WPBT


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Enjoy Great Food, Prizes and Lots of



i'mn
i'm lovin' it


(6:15) * THE * THE PROPHECY II (1998, Horror) Christopher (:25) * THE PASSION OF THE CHRIST (2004,
WEATHER MAN Walken. Satan resurrects archangel Gabriel to renew Drama) Jim Caviezel. Jesus endures the agony of his
(2005) 'R' the war on man. n 'R' (CC) final 12 hours. (Subtitled-English) 0 'R'


I u- --t -`--~ ``' -- ~_~_


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tIL1 3:0 ion\ to 4:30pin di l tl
mloiAlk\ of SepftmberI 2007.


I











Till i'I 'NiKANOO) C'OR1IPOATION NI'W PROVIDENCE LIMITED
IN I'AiTNERI IIP' I'II

TIlE MIINISTR(Y OF EI)IT('ATION, YOITTII, SPORTS & CULTURE

Application
for


Prospective Judges

Applicant must be 2 lyrs or over

OFFICIAL USE ONLY



JUDGE NUMBER
THE 2007 / 2008 .JlINKANOO SEASON

Please PRINT LEGIBLY all information in the spaces provided below and answer all questions and provide documentation including a
passport photo as requested or application may be subject to outright rejection

All information given by applicants will be subject to follow up background investigations and checks.

A. PERSONAL INFORMATION

Full Name (Ms./Mr./Mrs.)
SURNAME FIRST MIDDLE Alias

Maiden name aliases nick names

Address
(STREET, CITY, ISLAND)

Date of Birth Country of Birth ___ Age
DD/ MM/ YY
P. O. Box __ Sex Nationality
Telephone __ (W) _(H) (C)
Employer Profession
Employer's Address
Email:

B. GENERAL & BACKGROUND INFORMATION
Have you resided in the Bahamas for more than five years? (If NO please state previous residence)
Have you ever judged a Junkanoo Parade? (If YES please give years) of parade)
a. Do you currently participate/rush with any Junkanoo group? If yes, name Group
b. Have you participated/rushed with any Junkanoo Group before If yes, name group_
c. Are you an avid supporter of any Junkanoo Group? If yes, name group
d. Do you have any relatives and/or close friends who participate with any Junkanoo Group?
If yes name persons and groups)
e. Do you presently have any personal affiliation wi th ANY Junkanoo Group? (If YES please name the Group
f. Do you have any religious reason that may prevent you from judging a parade? (If YES please explain)
g. Do you work on Boxing Day and/or New Years? (If YES please state which)
h. Why do you wish to be a judge?


Have you ever participated in any Junkanoo parade(s) before? (If YES please give the year and name of the group)
Explain how "integrity" relates to a iudge and the parade

C. Given the above, are you confident that you are able to Judge a parade fairly and in an unbiased manner, based solely on your training and the presentation and performance of the groups during
the parades? Yes or No
Do you see Judging of Junkanoo Parades as a National contribution and civic duty? Yes or No
Do you know of any reason that would disqualify you for being allowed to Judge any parade? Yes or No

D. MEDICAL INFORMATION
Please note this section is for insurance and medical emergency purpose ONLY
Do you have any medical conditions) that might prevent you from judging? (EG: asthma, heart condition, diabetes, hypertension, optical, hearing, etc.) If YES please explain and list any medication
that you take for that condition.


Are you allergic to any specific medicine? (If yes please list) ____
I understand that I may be liable to take a medical examination to determine my abilities in areas related to my ability to judge the parade and agree to the same.
Emergency Contact (LIST 2 PERSONS TO CONTACT IN THE EVENT OF AN EMERGENCY)
1. Name Relationship
Telephone ._...... (W) (H) (C)
2. Name ______..____ Relationship
Telephone (W) (H) ____ (C)


Declaration
I. declare Itiat the in lormtlion I have provided in this application is true and correct. I further agree that I am of sound mind and body and pledge to be sober during the parade and to abide by all of
the rules. CLiulatiois aii assignments set forth by JC'NP or its assigns. I further understand and accept tihe lull responsibility for the completeness and accuracy of the information that I ha\ e herein
pr)o' ided. and accept Iull and complete responsibility for the same. If any of the information is found to be false and or misleading, either prior during or after a parade that I have Judged. I
render iiy self incapable of judging again in the future, and agree to stand liable for any such act, and that any and all scores tendered by me will be discarded.



APPLICANT SIGANTURE DATE
P'AS'I I1
P l I() () I II'RI;

Completed applications should be submitted to the
Ministry of Culture, Morro Castle, Attention Mrs. Joan Henderson on
or before Friday. September 28, 2007


THURSDAY, SEPTEMBER 20, 2007, PAGE 23


I -iE TRIBUNE











I'AGE 24, THURSDAY, SEPTEMBER 20, 2007


THE TRIBUNE


COMISPA


WiN SEQUITUR


uo1-o \...Al T
SIN(ANDERER.'




NI "
SF; fy R~N ? .





': 't -Y INK IRC."


CRYPTIC PUZZLE


ACROSS
4 Merely a lettertomake a
suggestion (6)
7 No empty pointing making an
arrest (4,4)
8 A proper leisure centre for
squatters? (6)
10 US president waiting to a girl(5)
13 Legal overheads? (4)
14 Suchasgetting1for a
piece of cake (4)
15 Put your name down to sing? (4)
16 The soap man, familarly (3)
17 A sound from the middle bottom? (4)
19 The one to the fore (In Russia?) (4)
21 Where, n America, a young royal
could get a weighty education (9)
23 Loco,perhaps, but calm and
collected (4)
24 He, self-centred, Is a rotter (4)
26 No shortage of doltig (3)
27 Where, In Normandy, cave men lost
heart? (4)
29 "Doubles',reasonablyenough,
rhymes with booze (4)
32 Possibly said to be a Welsiman's
platform (4)
33 A colourful emulsion, say (5)
34 They built villas and manors (6)
35 Like all my readers (8)
36 Focal point of recent change (6)


YMsterday's cryptic solutions
ACROSS: 1, Wealth 7, On the way 8, F19 10, Sea-Ted 11,
I'm-pede 14, Red 16, Pores 17, Leer 19, Fired 21, Sited
22, Hot up 23, Deep 26, Sewer 28, G-'un 29, Prompt 30,
Futile 31, A-VI-d. 32, Re-sent-ed 33, E-aster
DOWN: 1, We-asel 2, Loiter 3, H-old 4, Thumped 5, Owner
6, Tyres 8, Fare 9, Led 12, P-od 13, Dense 15, Vl!us 18,
Elder 19, Fit 20, Rep. 21, Serpent 22, He-m 23,
Du-ti-es 24, Enid 25, Peeler 26, Sport 27, Worse 28. Guy
30, Fade


DOWN
1 Has It bad name with
vegans? (5)
2 Cover for a dagger? (5)
3 Short fuseshave their
advantages (4)
4 Small branch assembly for pigs (5)
5 The fools need a variety of gums (4)
6 There's plenty I have on, since it's so
soothing (6)
9 To start a fire could be quite a bit
disquieting (6)
11 Played up again (3)
12 Some troops use the Paris
underground (5)
13 Women with wrong-headed
desires? (7)
15 A childish issue? (3)
16 He or she will comenext month-
shortly, anyway (3)
18 Container for keeping coal in,
curiously? (3,3)
20 Ghanaian river with electrical
potential (5)
21 Shootfor thebig prize(3)
22 In little England, It's even less (3)
23 Wolfishly, canit snarl yet coo,
possibly? (6)
25 ThatoverthereInTokyo,
normally? (3)
28 One place you can't walk away from,
as in church (5)
30 Team to succeed with only about half
a gate? (5)
31 Soak for high price? (5)
32 Move fast with a lot of skill (4)
33 Only an excuse, but
this sure Is funi (4)


Tf~oT I
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wnl~ei~car shv reT


-~ p


Yesterday's easy solutions
ACROSS: 1, Ascend 7, Imperial 8, Disc 10, Creche 11,
Rating 14, Ate 16, Tacos 17. Errs 19, Later 21, Felid 22,
Begin 23, Crew 26, Besom 28, Too 29, Anyway 30,
Remote 31, Unit 32, Glowered 33, Ensure
DOWN: 1, Apache 2, Edicts 3, Dice 4, Debated 5, CMc 6,
Flags 8, Dear 9, She 12, Tar 13, Noose 15, Ratio 18,
Raven 19, Leg 20. Tin 21, Females 22, Bow 23, Comics
24, Honl 25, Whe? ce 26, Barge 27, Synod 28, Ten 30,
Rtjcj


---- .
ii I a


ACROSS
4 Previously (6)
7 Recur (8)
8 Musical Interval (6)
10 Clan(5)
13 Female horse (4)
14 Ratlonal(4)
15 Assistant(4)
16 FRnsh (3)
17 Agents (4)
19 Sentmental (4)
21 In the sky (9)
23 Schedule (4)
24 Charged parties (4)
26 Wager (3)'
27 Norse god (4)
28 Snare (4)
32 College head (4)
33 Stop(5)
34 Works dough (6)
35 Herb (8)
36 Position (6)


Dennis


"MOM, WOULD YOU WRAF THIS? IuT PON'T
L.OK INSIP,'CAUSE IT'~ FOR YOU!"


You are South, and the bidding
has gone:
West North East South
1 V Dble Pass ?
What would you bid with each of
the following five hands?
1. + J98753 V 742 AQ9 + 10
2. + J84 T KJ5 963 + KJ98
3. + Q92 V J7652 83 + 943
4. 763 V QJ94 AJ5 4 K84
5. 4 Q653 V 8 KQ64 4 AQ72

1. Two spades. The most common
way of showing strength opposite a
takeout double is by making a jump-
response. Partner's double indicates
at least an opening bid and implies
support for the unbid suits. If you
were to respond one spade with this
hand and also with, say, 4 J854
V 964 4 1032 4 872, partner could
hardly guess which hand you actu-
ally held.
Certainly this hand has the poten-
tial for producing a game in spades.
While you have only seven high-card
points, the six-card suit and singleton
club bring your values up to at least
11 points, particularly when partner
has more or less guaranteed spade
support and is probably short in
hearts. Some players might even
jump directly to four spades, and
they would be right more often than
not.
2. One notrump. Here you have
more high-card points, but less
n -


) ( Calvin & Hobbes )


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THIS oNt-E. _


Tribune

Horoscope


By UNDA BLACK


THURSDAY,
SEPT 20

ARIES Mar 21/Apr 20
There's a bigger picture at play this
week, Aries, but you're just having
trouble seeing it. Take off the rose-
colored glasses and it may just come
into focus.
TAURUS Apr 21/May 21
You have a goal, Taurus, so what's
the hold up in getting started on
achieving it? Pisces lends a helping
hand on Wednesday, and the end of
the week has some banner days.
GEMINI May 22/Jun 21
There's more to a relationship you
have than meets the eye. Others
don't know just how much you care
for this person. It could be time to let
them in on your little secret.
CANCER Jun 22/Jul 22
If you need help with something.
Cancer, you just have to ask for it. You
have many willing helpers just waiting
for an invitation to get involved. Libra,
is one of them.
LEO Jul 23/Aug 23
You may want to put the brakes on a
financial venture you were consider-
ing, Leo. Let's just say the stars are
showing that something may not be
on the "up and up" with this deal.
VIRGO Aug 24/Sept 22
If you like roller coasters, Virgo,
then you're going to love the week
you're about to have. There will be
no time for boredom because your
schedule will be jam-packed.
LIBRA Sept 23/Oct 23
Give a lot of thought to your actions,
Libra, because this week you cannot
get along by winging it. Expect a rep-
rimand at work. But the entire situa-
tion settles down by day's end.
SCORPIO Oct 24/Nov 22
Does the sound of a few days of rest
and relaxation sound good to you,
Scorpio? It probably does, consider-
ing you've been working yourself to
the bone for quite a while now.
SAGITTARIUS Nov 23/Dec 21
It's time to make moments count with
a family member with whom you've
had a recent falling out, Sagittarius.
Be honest and accept responsibility
for anything you've done.
CAPRICORN Dec 22/Jan 20
If you're looking for a ray of sunshine,
you'll find it with family members who
are close by, Capricom. They're just
looking to spread their good fortune
and spirits to you.
AQUARIUS Jan 21/Feb 18
Patience is a virtue not many people
possess, Aquarius. You'll need it in
droves when you support a loved
one who is experiencing a rough
patch. All things pass, however.
PISCES Feb 19/Mar20
Do not take on any morp work, Pisces,
unless you want to get burnt out. You
have enough on your plate to last for
days, so focus on that.


chance for game. It is better to bid
one notrump than two clubs, as the
notrump response indicates some
high-card values (about six to nine
points), at least one heart stopper and
balanced distribution, while two
clubs could be based on no points at
all.
3. One spade. This is an unpleas-
ant predicament, but you're not
responsible for holding a bad hand
when partner doubles. It would be
wrong to pass, as your hearts are not
strong enough to assure defeat of one
heart, and equally wrong to bid one
notrump, which shows more values.
It's no pleasure to respond in a three-
card suit, but there's no better bid
available.
4. Two notrump. With 11 high-
card points, hearts doubly stopped
and flat distribution, two notrump
(invitational) is the standout
response. Change the spade seven to
the queen and you'd bid three
notrump.
5. Two hearts. This is clearly a
game-going hand, as you have an
opening bid facing an opening bid.
However, you can't tell whether the
hand will play best in spades, dia-
monds or clubs.
Instead of trying to guess the right
suit to bid, you should cuebid the
opponents' suit to force partner to
make the choice. You plan to raise
directly to game in whatever suit
partner names.


i OW lmanly words or four letlelrs or illmore canl you
make from the letters shown here?In making a word,
eacl letter may be used once only. Each must contain
the centre letter and there must be at least one nine-
letter wprd. No plurals or verb forms ending in "s", no
words with initial capitals and no words with a hyphen
orl apl)ostro)pheI pennille. Tile first word of a phrase is
permitted (e.g. inkjet in inkjet printer).

TODAY'S TARGET
Good 17: very good 26: excellent 34 (or more).

YESTERDAY'S SOLUTION

erupt outer PIROUETTE pour pout pouter pure puree
putt puttee putter 'replIne 1roul 'roule rupee, toulpee lour

lont Iroupe Iroul IIrue ul0"r uiler


DOWN
1 Woies (5)
2 Material (5)
3 Church recess (4)
4 Wde (5)
5 Destiny (4)
6 Gully (6)
9 Moron(6)
11 Uncooked (3)
12 Brimless cap (5)
13 Errand (7)
15 Mmic (3)
16 Slipperyfish (3)
18 Delhd (6)
20 Squander(5)
21 Bed (3)
22 Hil (3)
23 CheeseIngredient (6)
25 Typeof element (3)
28 Hurry(5)
30 Scope(5)
31 Coin (5)
32 Daybreak (4)
33 Rope (4)


D-


N


T


w


H


R


Rustam Kasimdzhanov v Boris
Gelfand, world championship
candidates, Elista 2007. The
diagram looks winning for Black,
who is a pawn up with active
pieces. In reality, both players
had spotted a concealed trap,
which White (to play) reckoned
a drawing plan while Black
calculated he would gain a
decisive advantage. As often
occurs in grandmaster chess,
they both looked deeper and the
game took a different course.
Can you spot the trap move and
its sequel?


LEONARD BARDtN


7T1

F--m


Sh r I


Chess solution 84M4: Ixl5 tempts Bb7? when 2
QIf8 Kh7 3 Q15 is a diaw by perpetual check. But
Black wonld have instead replied I Qxf5? Qxqr *! 2
Rxq2 Rcl+ 3 Rgl Bh7l 4 Qe4 Bxe4 mite.


Contract Bridge

By Steve Beter

Bidding Quiz


R


O SSOyL onad a eI


-


........ . .............-- - -..-* - - - - - 1I I1 1 I -J


"~


III
kc I,







f-lIURSDAY. SE"'' E!MBF' -0, 2007, PAGE 25


THE TRIBUNE


We are enhancing our GSM Network to
serve you better. Customers may
experience service disruption
throughout the national
network during this time


For more details Call BTC 225 5282.


A. *.-


'I~


Poor service and attitudes are two of the top four
reasons that unsatisfied visitors gave for not
wanting to return to The Bahamas. How we treat
our visitors determines whether we create a satis-
fied, returning customer or a crusader against a
Bahamas vacation.

Waiters: You too are a oart of the house that tourism


&


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THEIR WORLD JUST TURNED

* UPSIDE DOWN


I

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NEW STRONGER FORMULA
WITH BETTER SMELL.
Show insects no mercy.


41.~


Distributed in the Bahamas
by The d'Albenas Agency 322 1441


I


_ I


Il


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i ii





PAGE 26, THURSDAY, SEPTEMBER 20, 2007


| I . 'pe Ier a
each GSIPOStpaid
%V U
subscribers Will have a
credit limit


Accounts must be paid in full each month to
avoid disconnection. You will automatically
receive 2 reminders to pay your bill.
* At 80% of your limit you will receive a text
message

* At 90% of your limit you will only be able to
receive calls. You will not be able to make calls.








302-71999
gsmcreditlimits@btcbahamas.com
visit the website at www.btcbahamas.com
When click GSM Credit Limitsy


I I


THE TRIBUNE











ta a~Fa


THURSDAY, SEPTEMBER 20, 2007



SECTION -.- -


businicss@tribulnemedia.net


BISX


chief 'fearful'


on


public sector debt miss


* By NEIL HARTNELL
Tribune Business Editor

International
S e B IC r i t i e s
Ex c hang e's
(BISX) chief
executive yesterday said he was
"fearful" the Bahamas would
miss an opportunity to grow its
capital markets and increase
the wealth of its people if the
Government did not list and
register its paper debt securi-
ties on the exchange.
Keith Davies told The Tri-
bune: "I really don't want the
country to miss an opportunity
to take advantage of what we
have before us in terms of
developing our capital markets.
"It is everything in terms of
creating a new market for equi-
ty fund raising, the desire of
BISX to truly develop venture











SBy NEIL HARTNELL
Tribune Business
Editor
THE owners of a top Eng-
lish Premier League club
have lost their appeal to
overturn a Supreme Court
order that froze a $9 million
account they held with UBS
(Bahamas), but only by a
slim two-to-one majority
verdict.
Arcadi Gaydamak and his
son. Alexandre, owners of

SEE page 4B


* Exchange working witl BICA to develop 'template' for all financial filings by listed equiti:

Warns capital markets development will be stunted if government does not agree

to list paper debt on exchange, as it is 'benchmark for all other issues'


capital in the country and all
the learning that comes with it.
"It leads on to the creation of
a formalised securities market,
with the establishment of a cen-
tralised securities depository
that allows for straight-through
processing of paperless trans-
actions, and the establishment
of the listing and trading of
securities from the largest
issuer in the Bahamas."
That, of course, is the Gov-
ernment with its various issues
of government-registered stock
and Treasury Bills.
Outstanding central govern-


ment debt issues amount to
more than $2 billion in value,
and that does not include the
debt of corporations and public
agencies that it has guaranteed.
The listing and trading of such
paper securities on a formal-
ized exchange would give BISX
the critical mass, in terms of
capitalisation, volume and
breadth of investor options,
that it has been seeking since
first going live in summer 2000,
and help to encourage savings
and investments in a culture
that desperately lacks such
wealth-building notions.


Mr Davies described central
government paper debt issues
as "the benchmark against
which all other issues are
made". This is because the
interest rate or coupon
attached to government debt
issues is often used as a yard-
stick against which all other
securities issues are measured
to determine their price equi-
ty issues, bonds, preference
shares and the like.
Without the listing of central
government debt issues on
BISX, Mr Davies said the
Bahamas and its capital mar-


Bank 'very close' to Love Estates solution


* By NEIL HARTNELL
Tribune Business Editor

FIDELITY Bank
(Bahamas) chief executive told
The Tribune that a resolution
to a 10-year legal dispute in
which it has been embroiled
"is very close to being con-
summated", the purchaser of
a New Providence real estate
development now just await-
ing some final Ministry of
Works approvals.
Anwer Sunderji said of the
Love Estates saga, which has
been noted in the bank's annu-
al financial for numerous
years: "That [resolution] is very
close to being consummated.
All the legal aspects have been
resolved. The buyer is just
waiting for some approvals


from the Ministry of Works,
and then they will close.
"It's not an issue for us any
more. It's something that we
just need to complete."
Fidelity Bank (Bahamas)
became exposed to the Love
Estates project in its previous
guise as British American
Bank in 1988, when it agreed
to lend funds to the initial
developer and guarantee per-
formance bonds in favour of
the Ministry of Works totalling
$3.328 million.
Both the loan and bonds
were secured by a mortgage
over the unsold lots in Love
Estates. The works were sup-
posed to be completed in 36
months, but the developer
defaulted, leaving Fidelity
Bank (Bahamas) in possession


of the project.
The Ministry of Works
obtained a judgment against
the bank and developer for an
amount equal to the bonds in
2001, with Fidelity negotiating
with prospective buyers all the
while.
Fidelity Bank (Bahamas)
was then sued over a Septem-
ber 24, 1997, sales agreement
relating to Love Estates, and
despite alleging that not all
conditions of the sales agree-
ment had been met, agreed to
enter into a Deed of Settle-
ment with Rolling Hills Devel-
opment Corporation.
As part of the settlement.
Fidelity paid $35'i.'"a i in costs
in 2004 to Rolling Hills, with
the latter assuming responsi-
bility for infrastructure instal-


lation and entering into new
performance bonds with the
Ministry of Works, enabling
the bank to cancel the previ-
ous ones it entered into.
Meanwhile. Walter Wells.
head of Caribbean Bottling
Company (Bahamas). the
Coca-Cola, Fanta and
Schweppes distributor in the
Bahamas. is standing for elec-
tion to Fidelity Bank
(Bahamas) Board of Directors
at its annual general meeting
(AGM) next Wednesday.
Mr Sunderji said Mr Wells.
who was a former senior exec-
utive with both Common-
wealth Bank and First-
Caribbean International Bank
(Bahamas), had "years and
years of experience in bank-
ing".


kets faced the prospect oi
falling behind regional rival-
such as Barbados, upon which
it had enjoyed a head start.
"It is something that should
be a priority for the country.
and I am fearful we will miss an
opportunity to take advantage
of what we have ahead of us,
Mr Davies added.
The proposal for the govern-
ment paper securities market
has been worked on by BIS;.L
the Central Bank of the

SEE page 10


Container fre
profit grows
30 per cent
* By NEIL HAR TIJEI-
Tribune Business
Editor
FREL : 'RT Cl onlainl
Port's operating incomeii i
increased by 30 per cent ini
2006. its parent company's
annual report has rc\ealec.
larielx due to thel throiith-
put of twc nt -foolt cltipiicni
unit (TEll) containers "rov.-
ing by 31 per cent to 1.4-'
million.
li tchison \\ biiinpn;i'
2000 alnnullll report s:nid:
"FPreepoiI Contaiiner Poil oni
Randd Bah;lania tslrhlJ
reported throughput a;iJ
EBITIDA [earnings beoctc
SEE page 4B


City Markets oww


invests $4.4m in


chain over a yew


ii g!;~T~ ~ C
Ont'
















Plae c)t h tcurA:

vP I be dC>\/Vn huirs d ay,,'
September 20, 2007,7L~F~L~I I~lL~~IIL~;~


We ai;CFCA~~ gize for:l~ eiany.c
incc~nvenience thi s rrlay'Cau e


THFE new owners of
Bahamas Supermarkets, oper-
ator of 12 City Market stores in
New Providence and Grand
Bahama, have invested more
than $4.4 million in the chain
since acquiring the company in
August 2006.
Over the past year, 13SL
Holdings, which acquired
Winn-Dixie's majority 78 per
cent stake in lBahamas Super-
markets for $54 million, has
made capital investments in
computer systems and the
upgrading of information tech-
nology, including installation
of price checkers for customer
use and check-out counter
point of sale scanners w\it h
inventory management.
The company installed heavy
duty offloading'equipment and
began store renovations, refur-
bishing shelving, replacing
refrigeration, upgrading light-
ing and doing a great deal of
re-merchandising.
Employee uniforms were
introduced, and on top of the
capital investment. Bahamas
Supermarkets has beefed up
long-term planning, operations
and adminiiist ration, bolstering
Ilie purchatsing, human
resources ;and marketing
departmencls.
"FIranklv, we inherited some
very tired slor-es. anid the inag-
ic \ Iand thall\ we ieedcd to put
Ihc stoirs and distribution ccn-
tre in the condition we wanted
them to be came with a hefty
price tag." said Bahamas


Supe'rmarkets chief executive.
Ken Burns.
"T'he lBoard 1l D)iricIlors
understood tihat. anti tllhir
colmmnlillnenl has been uni\\va-
vering. Their belief in the solid
foundation of the company and
the future of its market sh:lii i
strong.
Bahamas Supermiarkets liha
also had to ricplace somne '."100i
familiar products. \Vinn- I'i'(i
private brand lablcs h11iI :;11
no longer \aiilablec alt'i thc
supply conlti .cl bll' cli the
two cldecd.
"W' expccltcd :a slightly tle
porairy decline ini sill's 1s c1u
tonlicls btclntiie ;icc.:isloin)d li
new products." Mi lIinl 'lid
"S.ales rcllect hMiii cs'lonll'W
are becollimg ;n .ll;onti!',ld Io
IliCe Inew\ lihabe nd ;, I I '
receiving :1 lot ol covmplhin( il l
oil pjrodulclt .'ecliolln.
Solime of lhlie epenIse'
lahlimas Sipciirmnlrkils laccd
were nllplalined. SIlC II ich s 1 1i'
episode' iniolvi\ ) 'i g ';;t li: ',
disposal situatlioln it its Rosil
la Street stoic this \\eel,.
"We took initmediaie action.
and instead of a l'poI';
solution \\e decided lo I"' pol
Ilthe colncrte l d :ndl ini '! ii ,
imore e xpensie le:k p| >, l
coIIpactlor. thec sLccoiitl oI' ,1o
our slt'cs," M r t11rns ,;1- i.
l ;>i;ha n ;ias Silcl ,!11 '
cxectll ivt\ 's said li'\ '
inc'r asin .l) |'nsili a ,,, gi,-

SEE page 12


U m_1 I


Money Safe.
Money Fast.





'A I I
OVAw~f*^ 4l*(i


-,.










THE TRIBUNE


PAGE 2B, THURSDAY, SEPTEMBER 20, 2007


Financial services


reform:


opportunity


or road to nowhere


"When we want comprehensive and insightful


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r. !inl~a
t wrrsru


The end of the twenti-
eth century saw a rapid
pace and rate of
change within the
external environment of the
financial services industry. The
first decade of the new millen-
nium will see even more trans-
formation, with the world
changing at an unprecedented
speed....
"The' challenge for financial
services organisatiorli is to antic-
ipate and be proactive to
changes, in order to avoid
launching inappropriate services
and products with structures,
costs, and systems unable to
meet customer demand and
expectations..."
Croft/Herin/Norton/Whyte,
Management and Organisation
in Financial Services
n the summer of 2000,
the Bahamian financial
services industry under-
went, quite arguably, one
of the most important and dra-
matic transformations it had
ever experienced, with the intro-
duction of legislative measures
that were designed to restruc-
ture, regulate and redefine the
legislative and regulatory envi-
ronment in which it operated.
On December 29, 2000, Par-
liament, in response to the
supranational initiatives of the
Financial Action Task Force
(FATF), the Financial Stability
Forum (FSF) and the Organi-
sation for Economic Co-opera-
tion and Development
(OECD), enacted legislation
that made this transformation
an inescapable reality to all but
the most passively-aggressive
industry participants.
Since the enactment of this
new financial legislation, many
Bahamas-based financial insti-
tutions and their clients have
grappled with the wide-ranging
and comprehensive Know Your
Customer (KYC) due diligence,
reporting and monitoring
requirements that have under-
scored and, in the eves of some,
undermined the foundation of
the Bahamian financial services
industry.


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Legal
Ease

U3uggggrrarniggj


Even after years of diplomat-
ic and supranational politicking,
legislative amendments and
implementation, political
appeasement, and copious
explanatory/guidance notes,
many industry participants are
still wondering whether the long
trek from the year 2000 has
been an unpredictable and
unimaginative legal odyssey, or
a serendipitous- albeit surreal -
opportunity, to transform our-
selves into an internationally-
compliant international finan-
cial centre. This writer believes
it has been a little bit of both.
The legislative and financial
developments that have
occurred since summer 2000
have seen the Bahamas go from
international blacklisting by the
supranational bodies, and the
enactment of stricter financial
legislation (with the resultant
loss of client business to less reg-
ulated jurisdictions), to the
bestowal of Qualified Jurisdic-
tion (QJ) status, eventual
removal of the Bahamas from
the blacklist, and increased
respect within the international
financial community.
If that is not an odyssey of
incomparable political and eco-
nomic proportions, then it is
questionable what is.
However, what has emerged
from this "prolonged" odyssey
and the remnants of an unsur-
prising exodus of international
business to our offshore com-
petitors, is a.Bahamian finan-
cial services industry that has
not been sacrificed on the alter
of national sovereignty and
political grandstanding, as some
local and international pundits
would have us believe. It is one
that is, arguably, more compet-
itive, forward-thinking, and pro-
fessionally sound than seven
years ago.
Political rhetoric and eco-
nomic debate aside, most indus-
try participants would agree that
the legal and political impact of
the supranational initiatives,
coupled with the new legisla-
tion, has given us an expanded
opportunity as an economically-
resilient jurisdiction. This has
also heightened our commercial
awareness of the challenges and
demands of the global, interde-
pendent financial services indus-
try, of which we are a part. It
has made us critically re-assess
and re-define the nature and
importance of our competitive
advantage.
Notwithstanding the legiti-
mate criticisms and intelligent
recommendations that have
been made to our government
leaders and industry captains.
since the enactment of the 2000
legislation, we must understand
that if we want to be seen as a
serious, internationally compet-
itive and professionally compe-
tent financial jurisdiction, we
must appreciate and embrace
the opportunities inherent in the
changing environment in which


we work.
The Bahamian Financial ser-
vices industry will require its
participants to become more
proactive and increasingly vigi-
lant in diversifying and devel-
oping the economic parameters
within which it must function.
Whether the sector is adapt-
ing itself to fit more comfort-
ably and confidently within the
dictates and confines of inter-
national standards, or working
collectively with other .interna-
tional financial agencies to com-
bat traditional or reverse mon-
ey-laundering activities, the
question that should always
remain at the forefront of our
mind is: "How can we be better
as an industry and as a jurisdic-
tion, without compromising or
devaluing our competitive
advantage?".
The answer, if we are confi-
dent and courageous enough to
find it in the opportunities that
disguise themselves as the chal-
lenges that we now face, both
locally and internationally, may
not be an easy or comfortable
one.
However, it will require that
our fortitude and foresight not
be distracted or deterred by the
changing nature of the global
financial markets, or the chal-
lenges of would-be criminals
who seek to use our competi-
tive advantage to advance their
own. Make no mistake. The
challenges we will encounter in
years to come will become
greater, as we continue to
advance and compete in a glob-
al financial arena which often
judges, fairly or unfairly, our
credibility and sustainability as
an international financial cen-
tre based on its own standards
of competitiveness and compli-
ance.
The legislative and political
wrangling, international poli-
ticking, and ongoing economic
debate have been obvious
reminders to us that as long as
the financial services industry is
driven and characterized b\
global political and economic
change, the "odyssey" that we
painstakingly seek to avoid will
continue and intensify.
How we react and respond to
such an adventure (and the chal-
lenges that underpin it) will
determine how much and how
far we survive, thrive and pros-
per in 2007 and beyond.
Copyright 2007. Tyrone L.
E. Fitzgerald. All rights
reserved.
NB: The information con-
tained in this article does not
constitute nor is it a substitute
for legal advice. Persons reading
this article and/or column, gen-
erally, are encouraged to seek
the relevant legal advice and
assistance regarding issues that
may affect them and may relate
to the information presented.
Tyrone L. E. Fitzgerald is an
attorney with Fitzgerald &
Fitzgerald. Should you have any
comments or inquiries regard-
ing this article, you may con-
tact Mr Fitzgerald at Suite 212,
Lagoon Court Building, Olde
Towne Mall at Sandyport, West
Bay Street, P. 0. Box CB-11173,
Nassau, Bahamas


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i*n~.c;:~
e --..~u
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*f


I










THURSDAY, SEPTEMBER 20, 2007, PAGE 3B


THE TRIBUNE


'Stronger


urged


powers'


for insurance


industry


regulators


* By NEIL HARTNELL
Tribune Business Editor

regulators "need
stronger powers to
investigate and
penalise" carriers who fail to
act in good faith in resolving
claims, an attorney told The
Tribune, as he urged the Gov-
ernment to enact laws protect-
ing consumers from "insurance
abuse".
Fred Smith, speaking in his
capacity as president of the
Grand Bahama Human Rights
Association (GBHRA), called
on the Government to pass
laws requiring insurance carri-
ers and their loss adjusters to
"explain the issue of averag-
ing" so that consumers' claims
were not discounted.
He urged "the Government
to pass legislation to protect
the consumer in the Bahamas
from insurance abuse".
"The aftermath of hurricanes
Jeanne, Frances and Floyd on
Grand Bahama demonstrated
how homeowners, businesses
and the consumer are at the
mercy of insurance compa-
nies," Mr Smith said.
"Our association has previ-
ously called on the PLP to
ensure that the insurance com-
panies act in good faith in
receiving and settling insurance
claims.
"We now call on the FNM
to pass laws that will require


the insurance companies to
explain the issue of 'averaging'.
so that on claims people are
not subjected to the insurance
companies' adjusters discount-
ing the amount payable."
Mr Smith said 'averaging'
applied when an insured per-
son or company was consid-
ered as 'self-insured' for a cer-
tain percentage of the claim.
This, he added, happened
when, during the processing of
a claim, an insurance compa-
ny found that the client was
underinsured.
Mr Smith cited as a hypo-
thetical example, a $1 million
building that was under-
insured, onll being covered lor
$700,000) a 30 per cent dis-


count. If the building owner
submitted a claim for $500,000,
under 'averaging', the claim
would be subject to a 30 per
cent discount.
"In addition, laws need to be
passed to ensure that claims
are dealt with speedily, and
adjusters do not delay settle-
ments in order to force
claimants to accept less," Mr
Smith said.
"The Office of the Registrar
of Insurance Companies needs
to have a lot stronger powers to
investigate and penalise insur-
ance companies in the handling
of claims."
Mr Smith said the Associa-
tion was "surprised" to see that
Dr Roger Brown, who last
week retired as Registrar of
Insurance, was now set to take
up the post of Bahamas Gen-
eral Insurance Association
(BGIA) co-ordinator with
effect from October 15. 2007.
as first revealed by The Tri-
bune.
"We are aware of a number
of complaints in the aftermath
of Frances and Jeanne in 2004
that were made to Dr Brown
and his office, which did not
even receive the courtesy of a
response." Mr Smith said.
"The consumer in the
Bahamas is generally subject
to the mercy of large financial
institutions, and the FNM. if
they really care for people's
rights, should really focus on
their protection."


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Scotiabank Sponsors Cancer Society's


"Stride For Life"


Nassau, The Bahamas, September 17, 2007 Scotiabank is proud to
announce its sponsorship of all the prizes to be awarded to winners of the Cancer Society
of The Bahamas's 3rd Annual Stride for Life Fun Walk.

Debra Wood, Scotiabank's Senior Manager, Marketing and Public Relations said,
"Scotiabank's support of this worthy cause is in keeping with our mandate to help better
the lives of persons in the communities in which we live and work. We are proud to be
able to help get the message out to cancer survivors and the public, that thelr isitone.
healing and life after being diagnosed with cancer.

As an additional show of support for this cause, a Scotiabank team is also sel to
participate in the fun walk.

Upon receiving the donation, Ms. Sherrylyn Bastian, Vice-President of the Cancer Society
said, "We are always grateful when companies like Scotiabank assist us in sending tihe
message that early detection saves lives, so we thank you for caring anrd sharing

Earlier this year, Scotiabank made a cash donation to the Society as well as suLppr lter
the Annual Gala Ball by purchasing a table for 10 attendees.


Photo caption: Pictured I to r, are: Ms. Naomi Taylor, Manager, Employee Relations. Human
Resources; Ms. Sherrylyn Bastian, Vice-President, Cancer Society: Debra Wood, Senior
Manager, Marketing and Public Relations; and Earle Bethell, Director. Cancel Society


l^^H^H^^H^I^HHBIH~i^HI^H^BHH^^B^BUSINESS^^^^^^^^I^^^^^^^^B~RHR


4


q,, a














Landscaping/Gardener


,I'



BAHAMAS BUSINESS SOLUTIONS LTD.
wishes to inform the general public that
TEKITO STEVENSON
is no longer employed with the company,
and is not authorized to
transact any business on behalf of
the company.


(B -. Bahamas
BSI) Business SolutioIns Ltd.


PUBLIC




NOTICE


The Cancer Society

of the Bahamas





Will be holding

a huge renovation sale



Saturday September 22nd

From 8:00 am 12:00 pm






BARGAINS GALORE!!!



At Headquarters

(2 doors down from ZNS)






Come shop with us, and

contribute worthy cause at

the same time!


PAEITUSASPEBR2,20 H RBN


Soccer moguls



lose appeal over



frozen $9m UBS



Bahamas funds


FROM page one

Premier League teaIm
Portsmouth, lost their appeal
against a Supreme Court deci-
sion not to remove an April 12,
2002, restraining order imposed
on the II BS (alhanmas) account
under the Proceeds of Crime
,\cl 2000) after Appeal Justices
I hirtlinan Longley and Emanuel
)sadebaV backed the initial ver-
dict.
outliningg the case and the
reasons for their verdict, Jus-
tice Longley said Arcadi Gay-
damak had initially transferred
$11) million into the UBS
(Bahamas) account on May 16,
2000. The funds were then
transferred into a joint account
in his name and that of his son,
Alexandre.
Then. between 1-18 Janu-
ary, 2001, some $10 million was
transferred from the UBS
(Bahamas) account in $5 mil-


lion instalments, just before the
Attorney General of the
Bahamas obtained a restrain-
ing order on the account on
January 31, 2001.
The Attorney-General
moved at the request of exam-
ining French magistrates, who
were investigating allegations
that Arcadi (Gayadmak had
been involved in "alleged illegal
arms dealings, embezzlements
misappropriation of companies'
assets ands breach of trust,
influence peddling and money
laundering".
The charge relating to the
arms sales was later dropped,
Justice Longley noted, but the
other allegations remain and
Arcadi Gavdamak is still sub-
ject to these proceedings. He is
denying those allegations.
Gail Lockhart-Charles, an
attorney with Gibson & Conm-
pany, acting for Mr Gaydamak
and his son, argued that there
was no basis for freezing the


NOTICE
RBC FINCO INVITES TENDERS

RBC FINCO in\ ites tenders for the purchase of the following:
"ALL THAT piece parcel or lot of land being Lot 11, Perpall Tract. situated in the
Westcni District on the Island of New Providence one of the islands of the
Co'mnpmwtealtih of the Bahamas. .;;i,,.l ':,r,.i i ick F; lsr Family Residence
consistire of 4 Bedrooms. 2 Bathrooms.
PropertU Sie 5,280 sq lI
Iluildihg. i 43 sq.ft
liu. pnrpertn is biing sold under Polwr of Sale contained in a Mortgage to FINANCE
CORPORATION OF BAHAMAS LIMITED.
All oilers hold be fonvardedi in writing in a sealed en\'elope,. addrvsscd to lthe Malaiger,
RIo al Bank Colkctions Centre. P. 0. Box N-754>. Nassau, Bahama.s and marked
" lender 75i8". All offers must be received by the close o I tu .. i 1, I p.m .Friday 21''
Seplteiber. 200?.






PERFORMANCE


account as her client had not
been charged, nor was there evi-
dence he would be.
She also argued that the evi-
dence presented by the French
magistrates, through Letters
Rogatory and other affidavits,
were not enough to show the
$9 million in the U1BS
(Bahamas) account had been
derived from proceeds of crime.
Justice Longley, though, dis-
missed all arguments, finding
that "at the moment, I am sat-
isfied that there is justification
for making the restraint order".
He also concluded that Mr
Gaydamak had the "ability to
cause the French proceeding to
move with greater expedition
than has been the case to date".
However, in his dissenting
judgment, Appeal Justice Lorris
Ganpatsingh said he would
have allowed the appeal and
discharged the restraining order.
He pointed out that the
French investigation had been
ongoing for six years, and it was
four years since the initial
restraining order was made.
Justice Ganpatsingh said:
"We have seen no evidence to
indicate when it is intended that
proceedings which may lead to
a recording of guilt should be
instituted in France, which was
a requirement in the first place.
"In the absence of any such
indication, and having regard
to the deficiency of the facts
presented, even allowing for the
magistrates barren assumptions
and suspicions over the past six
years, there do not seem to be
anv reasonable grounds for
believing that a trial is likely.
or than an external confiscation
order may be made against [Mr
Gaydamak]."


Container Port
FROM page one
interest and taxation, or oper-
ating income] 31 per cent and
30 per cent above last year
respectively.
"Further expansion in
Freeport Container Port is
planned to handle additional
demand."
That is likely to be a refer-
ence to the planned Phase V
expansion at the Freeport
Container Port, and it is under-
stood that its go-ahead is due
to be announced imminently.
The $250 million Phase V
expansion would potentially
add an additional 450 metres
of berthing capacity and a
nine-block stacking area,
Derek Newbold, Hutchison
Port Holdings (Bahamas) sales
and marketing manager, told a
seminar in 2006. It is likely to
create 300 jobs.
Hutchison Port Holdings
holds a majority 60 per cent
stake in Freeport Container
Port, and the 1.436 million
TEU's it processed in 2006
made it the company's busiest
port in the Western Hemi-
sphere busier than those in
Mexico, Argentina and Pana-
ma.
Meanwhile, IAutchison
described its Silver Point high-
end, luxury residential real
estate development for Grand
Bahama as "progressing well".
Hutchison Whampoa has a
90 per cent stake in the devel-
opment vhich is scheduled to
be completed by 2010.
Silver Point is located a
mile-and-a-half to the west of
the Our Lucaya resort, and will
feature 125 condominiums, sin-
gle family homes and town-
house apartments, each with
their own berth able to take a
boat up to 75 feet in length.
Prices are at an average of
$1.8 million, and
marketing/pre-selling of the
units is expected to start this
autumn once the construction
costs have been nailed down.
Apart from its climate and
proximity to the United States,
another key attraction of the
Bahamas for high-end resi-
dential and real estate devel-
opers is that there is hardly
any prime, beachfront land left
in Florida. forcing them to turn
to this relatively unspoilt
nation.


UWERBC
FINCO



NOTICE
RRC FINCO INVITES TENDERS

RBC FINCO in ites tenders for the purchase of the :. 11-., m
"ALL THAT piece parcel or lot of land being I jir L.-- 1. : i-r. ..
Subdivision situated in the Southern District on the Island of New Providence one of the
islands of diheCommonwreath of the '11-i .. Situated theron is a Condominium
c..,' ,'r u ,. .. (20 Bathrooms.
Unit Size 1.135 sq ft

This propenry is being sold under Power of Sale contained in a Mortgage to FINANCE
CORPORATION OF BAHAMAS LIMITED.
All offers should be forarded in waiting in a sealed en elope, addressed to the Manager,
Rosal Barnk Colletions Centre. P.0 Box N-7549. Nas.su, Bahamas and marked
"Tender 342". ... offers nust ie received b'y th!c oie of o irusines 4:)00 p m. Friday 21'
September. 20X07.


.;* ;A'^ /n t t* **.h'.t



Opportunities!

KINGS
ttfiL ESTHTI

Indigo Investment Opportunity
A unique opportunity to own 5 adjacenI lots in this quaint gated
comRnunity Each olt measures 60 ft \ 130 ft zoned for 15 units,
Amientiies include double ,ennis court ind swimming pool. Was
$650,000, now reduced k) $550,000 for quick sale.

Lot '70 Hope Town, Abaco Land for Sale
Large lot located less than 300 ft from the beach with partial ocean
views Priced to sell at $285,000

Orange Hill West Bay Street Land for Sale
17.2 acres of superb oceanfront in the most desirable location on
the island. Ideal for a high-end condo development or a class "A"
office/, tii,',..lI center. Offered at $7.500,000

Gilingam House, Montague Class "A" Office Space Available
Top floor cormprises of 2,562 sq ft of leasable area and 1,108 sq
ft of common loosaible alro i,, 1j 3.670 gross sq ft. Lease is $32
per sq ft with CAM charges hemig $12 per sq f. This floor is being
leased with partit0al office furn ishings.

Contact Kingsley Edgecombe for more information.
Ph: 242 394 4397 / kingsley@kingsrealty.com

Gilingami House, Montague, '4 lEst Bay Street
P.O.Box N 10414, Nassiu, The Baolm os


SRBC
FINCO


ALIR

LIMITED


"'The vWorld's Finest Charter Company"
Lowest Prices in The Bahamas,
Guaranteed!

Why You Should Fly With Performance Air!
* Cleanest Fleet of Aircraft
* Legally Registered Charter Company
* $100,000 Liability Insurance Per Passenger
* Air-Conditioned Aircrafts
* No lHassle Security Checks or Screening

S Nouls wIarlons 'raoclia's.
Contact IU.s At:
Tel: 362-1608 or 341-3281


----------------- 11


r-


1-


~'~-~--~----~-~~


THE TRIBUNE


PAGE 4B, THURSDAY, SEPTEMBER 20, 2007


BUSINESS


I m ail pi: 'ri1 I tllli ailn<'hollll il.,coii ll


\ (,\ I .[i li ta I' l c2 ".K .;I i.c OIII
('trlificet # It1 ,,-781


" .'IM M ^. I I .W..I


















Smart business



owners planning



now for holiday




staffing, parties



and gifts


CIZZ
UNDER THE STARS

FESTIVAL 2007


* By JOYCE M
ROSENBERG
AP Business Writer
NEW YORK (AP) Big
companies like L L Bean and
Hallmark are already in holi-
day mode, sending out cata-
logues and putting merchan-
dise on display. Small business
owners might want to follow
their lead.
Although Christmas is still
three months away, doing some
holiday planning now will
make life business and per-
sonal a lot easier come
December. That includes think-
ing about year-end staffing and
parties and buying gifts now.
It can also mean getting cus-
tomers ready. At Pooch Chica-
go, an upscale daycare, kennel
and spa for dogs, owner Robin
Tomb began reminding cus-
tomers in July that they need to
book early for the holidays, or
risk not being able to board
their pets when December
arrives.
"We have found over the
past several years that come
early December, we're com-
pletely booked, and people
haven't planned," Tomb said.
Some of her best customers
were surprised when they
called on December 22 and
learned it was too late to board
their pets.
To try to avoid such disap-
pointments. the Pooch Hotel
is sending another reminder
this week "so we can take care
of clients now," Tomb said.
Companies
Many companies have
learned that planning holiday
staffing levels including who'll
be off and at what times is
best done early to avoid con-
flicts between employees, and
to be sure that customers and
clients are taken care of.


At PR by the Book, an
Austin, Texas-based publicity
firm, planning means asking
employees how much time they
need to take off for the holi-
days, and then co-ordinating
the company's workload
accordingly.
Owner
Owner Marika Flatt says the
company won't take on more
projects than it can handle dur-
ing the holidays because "we
all have young kids and we all
want to spend time around the
holidays with our families."
"We like to prepare for that
in advance; the worst thing we
can do is overcommit and not
deliver," Flatt said.
That can mean turning away
some new business, but Flatt
said that because two-thirds of
the company's clients are book-
related, for the most part their
needs can often be handled
before or after the holidays. So
she'll arrange in advance with
clients to do the work when it's
not the height of the holiday
season.
Early planning for holiday
parties is critical if owners want
to insure they hold their events
at the locations they want on
the dates they want. Basho
Strategies Inc., a Burlington,
Mass.-based company that pro-
vides sales training, has picked
dates for its client and employ-
ee holiday parties, and already
booked a spot for the latter
event.
"It's absolutely essential to
start looking" early, said Renay
Picard, Basho's vice president
of marketing. "If we had wait-
ed any longer, it would be too
late."
Like many companies, Basho
learned the hard way that it
should have planned in
advance, Picard said. Planning
has also become critical


because the company has
grown so nutich; now\, an exec-
utive assistant handles ianv of
the details.
Because Bridget (avanaugh-
's business planned early for its
employee party. "we had all
the choices of weekends Fri-
day and Saturday nights.
Everything we were looking at,
we had all the choices," she
said.
Cavanaugh. co-founder of
O'Berry ('avanaugh, a Boc-
man, MNiont.-based advertising
agency, said the company wait-
ed too long last year, so plan-
ning became a very hectic
affair.
"We made a commitment as
a company that we were going
to nail down next year's holi-
day party," she said.
Planning is also necessary if
you're looking to give client,
vendor or employee gifts that
are more unique and have a
bigger impact than mugs or cal-
endars.
Time
"Now is the time to really sit
down and think about the kind
of gifts I want to give my
clients." said Jennefer Witter,
owner of New York-based The
Boreland Group Inc.. a public
relations firm.
"1 don't like to rush: 1 want
to think about wMho they are
and what their interests are,
and that takes time to put
together."
After she comes up with
some ideas. Witter said, she has
an assistant who helps her track
down the best places to find
the gifts.
She also tries to personalize
the more than 200 cards she
sends "something so that it
won't be a rote holiday card."
That will also require more
time than just stuffing identi-
cal cards into envelopes.


'GALA CONCERT
Saturday September 29 2007
Dinner 7:00 P.M. (Gala Ticket Holders) : Concert Begins 8:00 P.M.
Wyndham Nassau Resort
Cable Beach Nassau Bahamas
FEATURING


~l~isN


ihi nl^1 m I mIk oor
FABULOUS MUSIC
GOURMET DINING

TICKETS ON SALE AT
CHAPTER ONE BOOKSTORE and
in THE OFFICE OF COMMUNICATION
Block A Oakes Field Campus

Gala Concert and Dinner $175 For reservations,
sponsorship opportunities and
Inc[lcdes Gaoa Concert and Dinner further information, please call
Office of Communication
General Admission $50 at telephones
302-4304/4353/4354/4366


Executive Producer Patricia GLinton-Meicholas
Show Producer Roscoe Dames "Mr Jazz"


The Foot & Ankle

T Institute

"Your complete foot care facility"

4' ; 4 '
..










Dr. Kelvin Gipson Dr. Stephen Dorsett Dr. Daniel Johnson

Specializing in:
Heel or Arch Pain
* Ingrown Toe Nails YOUR
- Corn & Calluses PAIN 4
e Bunions
* HammertoesSOLUTION
* Diabetics Foot Conditions
* Gout
* Laser Surgery


THURSDAY, SEPTEMBER 20, 2007, PAGE 5B


THE TRIBUNE


i'ii/ ouir werbite (it www.cob. edut.bs


`4' ~~:"












PAGE 6B, THURSDAY, SEPTEMBER 20, 2007


THE TRIBUNE


INESMETOPORUNT



rlr~l~~TRIBUNEl


I~ --I .LOT NO. 12, BLOCK 3, MILLER'S
HEIGHTS

S All that lot of land having an area of 7,500 sq. ft.,
i 'being lot 12, of the subdivision known and
designated as Millar's Heights, situated in the
Southwestern district of New Providence, Bahamas.
This property is comprised of a 25 yr old single
family residence consisting of approximately 2,375
sq. ft of enclosed living space with three 2-
bedrooms, 1-bathroom, living/dining rooms, and
kitchen apartment complex. The land is on a grade
and level and appear to be sufficiently elevated to disallow the possibility of flooding during annual
heavy rainy periods. The grounds are fairly kept, with improvements including parking area, walking
pathway and low shrubs. The yard is enclosed with chain linked fencing at the back and southern
sides.
Appraisal: $239,500.00
Traveling west on Carmichael Road, enter West Avenue, on the South side immediately after Topps
Laundromat. Take first right which is Wimpole St., go around the curve on the left which is London
Avenue, traveling south on London Avenue the subject property is the 9th building on the right
before the T, Junction 'high street) the subject building is an L shape triplex, painted green, trimmed
white.


Eleuthera Island Shores
Subdivision LOT NO. 1,
~''''" BLOCK NO. 45,
S SECTION E, ELEUTHERA
( ISLAND SHORES
All that piece parcel or lot of land having
"-an area of 9,644 sq. ft. being lot #1 in
block 45, Section "E" in the subdivision
called and known as Eleuthera Island
Shores Subdivision, situated in the
v,'iniri ty of ,Hie Hi-t.ur, o:n tihe tand i.If euthe, one of the islands of the Commonwealth
of The Bahams. This site encompasses a two storey building which is approximately 14 yrs old
and is abandoned. There is a wooden landing approximately 7'-4" wide by 20'-0" on the upper
level, approximately 1,610 sq. ft. of enclosed living space, with 3-bedrooms, 2-bathrooms, front
room, dining room, den, kitchen, and utility room. The wooden porch on the upper level is
approximately 148sq. ft. There is also a water cistern under the dining room floor area. All utilities
and services available.

Appraisal: $151,007.00
This property is situated in Eleuthera Island Shores.


LOT NO. 1 WESTERN SHORES

..:..... if i All that lot of land having an area of 7,389 sq.
S'Ift., being lot #1 of the Subdivision known as
Western Shores Phase II, the said Subdivision
situated in the Western District of New Providence,
Bahamas. Located on the subject property is a
single structure comprising of a single family
residence consisting of approximately 2,430 sq.
ft. of enclosed living space. The residence
comprises of 3-bedroom with closets, 2 1/2
bathrooms, living/dining rooms, study, kitchen,
utility room, porch and enclosed garage with electronic door. The land appears to be sufficiently
elevated to disallow the possibility of flooding during annual heavy rainy periods of the year. The
grounds are fairly well kept with improvements including driveway, walkway and swimming pool.
The yard is enclosed with walls.


DUNDAS TOWN (ABACO)

3 two bed, 1 bath fourplex 9,000 sq. ft., lot no.
S ., g t18b with an area for a small shop. Age 12 years
S the land is a portion of one of the Dundas Town
Crown Allotment parcels stretching from Forest
Drive to Front Street, being just under a quarter
acre in size and on'the lowside. A concrete
block structure, with asphalt shingle roof and
L-shape in design with a total length of 70x26
ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
walls are concrete blocks, ceiling is sheet rock and the floors of vinyl tiles.


Appraisal: $265,225.00


Appraisal: $753,570.00
Traveling west on West Bay Street. Go pass Orange Hill and Indigo Subdivisions, the house is
located on the left near Tusculum Subdivision and painted all white.


LOT NO. 2 MORIGOLD FARM
SUBDIVISION

m "-' i s 1 -All that lot of land having an area of approximately 5,638 sq. ft.
Being lot No. 2 of the subdivision known as Marigold Farm
A; Subdivision, the said subdivision situated in the Eastern District
M. of New Providence and located Lumumba Lane North off Marigold
Road situated on the property is a year old single storey residence
consisting of 3 bedrooms, 2 & 1/2 bathrooms, living, dining, kitchen
and utility room. The Land is on a grade and level and appears
to be sufficiently elevated to disallow the possibility of flooding. The property is open from the front but has chain
linked fencing at the sides and back.
Appraisal: $177,399.94
Take Joe Farrington Road heading east, turn onto Marigold Farm Road go pass Marigold Farms, then turn right onto
Lumumba Lane, go almost to the middle of the corner and the subject property is about the eight house on the right
hand side of the road.


Property Located Westridge Estate

BAll that lot of land, being a portion of a larger tract of land. This
property is located about 400 ft off John F Kennedy Drive, in the
i immediate vicinity of Westride Estates. Situated on this property
is a triplex town house complex which commenced construction
in 1997. The Town house apartments consisting of on the ground
level entry porch, stairway alcove, living/dining areas, powder room
and kitchen. The upper level consists of upper stairway alcove, 2
beedrogms with closets 2 bathroom, upper balcony, bathroom
corridor and linen closets. The living space is approximately 5,146 sq. ft. The exterior consists a covered porch. The
land is at a grade level and site appears to be sufficiently elevated to disallow the possibility of flooding. The grounds
are fairly kept.The yard is enclosed with chain linked fencing at the back and two sides.
Appraisal: $547,000.00
Traveling west on John F Kennedy Drive turn right into Westridge and go to T Junction, turn left and the property is
about 200 ft on the left side of the street. '


I VACANTPRPETIES I w


Investment Opportunity Must Sell -


Lot B, Wilson Street, Rock Crusher


All that lot of land having an area of 10,498 sq ft, being lot B, between the subdivision known as Rock Crusher and in the vicinity of Perpall Tract situated in the western district
of New Providence, Bahamas. This property is zoned multi family/single family. Also located on this property is a structure comprising of a duplex at foundation level under
construction, and consisting of approximately 1,566 sq. ft. of enclosed living space with a patio consisting of 270, sq. ft. the starter bars are in place and foundation poured.
Appraisal: $97,214.00

Traveling West on Farrington Road take a right after the PL.P. headquarters, go about midways through to Wilson Street, go though the corner all the way to the dead
end. The property is located behind the chain linked fence at the back of the yard.



Island Harbour Beach, Exuma
All that parcel or lot of vacant land containing 10,000 (80'X 100') sq. ft. being Lot No. 9, Block 2, Island Harbour Beach Subdivision situated the western most portion of the Hermitage Estate, Little
Exuma Bahamas. The property is located on an unpaved road known as Stocking Road. The property also has a commanding view of the ocean.
Appraisal: $80,000.00



LOT NO. 10B, PALMETTO POINT
All that piece, parcel or lot of vacant land containing 9,000 sq. ft., and being Lot No. 10B situated North of Ingraham's Pond and Eastwardly of North Palmetto Point, on the island of Eleuthera, one
of the islands of the Commonwealth of the Bahamas, and is bounded and abutting as follows:- on the north by Lot No. 3B and running thereon for a distance of (90) ft; on the East by Lot No. 11B
and running thereon for a distance of (100) ft; on the south by a 20' wide road reservation and running thereon (90) ft on the west by Lot No. 9B running thereon for a distance of (100) Ft, the said
Lot is overgrown with shrubs and is in close proximity of a white sandy beach. This neighborhood is zoned residential development and is quiet and peaceful with a topography of approximately
50ft and because of this there is no danger of flooding. The area is approximately 80% developed with all utilities and services available.

APPRAISAL: $72,000.00

MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or lot of vacant land containing 44,714 sq. ft., and designated "E" which forms a portion of land known as "Mutton Fish Point" situated about two miles northwestward of the
settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is bounded and abutting as follows:- Northwardly by the land now or formerly
the property of Coridon Limited, and running thereon for a distance of 393.13 hundredth ft.; outwardly by a 30' wide road reservation and running thereon for a distance of 402.57 hundredth ft;
eastwardly by the main Queen's Highway and running thereon for a distance of 109.73 hundredth ft; westwardly by land now or formerly the property of Caridon Limited and running thereon for a
distance of 110.75 hundredth ft. this property having an area of approximately 44,714 sq. ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a
topography of approximately 2 ft. with all utilities and services available.

APPRAISAL: $51,421.00

MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or tract of land containing 1 acre situated about two miles northwestward of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth
of The Bahamas, and is bounded and abutting as follows:- Northwestwardly by the main Queens Highway and is running thereon for a distance of 125.462 feet northwestwardly by the land now
of formerly the property of Coridon Limited, and running thereon for a distance of 390.274 hundredth ft.; southwestwardly by a 30' wide road reservation and running thereon for a distance of 128.128
hundredth ft; southeastwardly by the land now or formerly the property of the Venor and running thereon for a distance of 322.955 hundredth ft. This property having an area of approximately
44,847.76 sq. ft. This neighbourhood is zoned commercial development and is quiet and peaceful with a topography of approximately 2 ft. with all utilities and services available.

APPRAISAL: $51,421.00

This lot is vacant land and is located in the area known as "Mutton Fish Point"

MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or lot of vacant land and improvements containing approximately 44,587 sq. ft. and designated "F" which forms a portion of land known as "Mutton Fish Point" situated about
two miles northwestward of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and bounded and abutting as follows:- Northwardly
by the land now or formerly the property of Coridon Limited, and running thereon for a distance of 383.56 hundredth ft; southwardly by land now or formerly the property of Caridon Limited and
running thereon for a distance of 393-19 hundredth ft. eastwardly by the main Queen's Highway and running thereon for a distance of 113.40 hundredth ft. westwardly by land now or formerly the
property of Coridon Limited and running thereon for a distance of 113.40 hundredth ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a topography
of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,276.00


For cnditons f sae an othe infrmaton cntac












THURSDAY, SEPTEMBER 20, 2007, PAGE 7B


INVESTMENT OPPORTUNITY




NEW mROVLDJztE SFREEPOg


appraisal: $258,000.00


The subject property
con-sisting of 8,400
B. ,. square feet is
on developed with a
J split leveled home
with 1925 square
feet of floor area on
the ground floor, a
porch area of 437
.' square feet and
second floor-area of
t 735 square feet. The
Building is of sound
construction and
S~' completed in its
entirety. The ground floor comprises 2 bedrooms, one bath, a kitchen,
dining and family room. The second floor comprises two bedrooms, one
bath, living and dining areas.
Directions to property: Heading East on Soldier, turn left onto first paved
road opposite Lowes Wholesale, 2nd to last house on the road with
chain linked fence.


SANDYPORT


Appraisal: $300,000.00


All that lot of land having an area of 9,626 square feet, being lot number 40,
of the subdivision known as SandyPort, situate in the Western District of
New Providence. The property is irregular in shape, is on a level grade and
zoned as single family residential. An electrical connection outlet is located
near the property. The property is located on Sandy Port Drive just on the
bend before Governor's Cay on the Southern Side of the road.


No. 17 WESTRIDGE ESTATES


^''.7


Appraisal: $930,000.00
All that lot of land having an
area of 30000 square feet,
being lot Number 17 of the
subdivision known as
Westridge Estates Addition.
Situate in the Western District
on the island of New
Providence.
Located on the subject
tratu is naewul"


.. i constructed single story
p-- -- ; .. ... structure comprising 6,000
feet of living space with a three Car Garage.
The building is 75% completed and comprises five bedrooms, four and a
half baths study, living/dining, family room, kitchen, laundry and
generator room.
Location: From SuperValue West Bay, take the road heading west into
Westridge, take the first corner on the Right, Westridge Drive. Subject
property will be about the seventh on the right hand side of the road.


FAIRWAY MANOR CONDOMINIUM Appraisal: $73,000.00


w-w-r- --u- :I r w '
LV**' "-t .- 'E


Apartment 402, 2 bedrooms, 2 bathrooms.
Lot 4, Block GN, Edward Birch Curt, Bahamian North


LOT 188 SCOTT AVE, EAST
FREEPORT, GRAND BAHAMA


Sm'1,pw


kitchen, a family
hallway with linen
with closets and
bathroom.


SECTION 1 SUBDIVISION,
Appraisal: $140,000.00
The subject lot is
approximately 12,322 square
feet. Situated on this
S property is a single story
single family dwelling of
2,800 square feet of living
space. This includes a small
front porch, a large foyer, a
sunken living room with
fireplace and chimney, a
Dining area, a full service


room with adjoining laundry and storage room. A
closets, a hallway bathroom. Three auxiliary bedrooms
a master bedroom with walk-in closet and private


GREENING GLADE SUBDIVISION Appraisal: $75,000.00
All that piece parcel and lot of land described as lot 7 block 21,
Albacore Drive, Victoria Place and Mid Chipman Road, Unit 2,
Greening Glade Subdivision, Freeport, Grand Bahama. The lot
contains 20,580 sq. ft. and zoned as multi-family residential.


DERBY
UNIT 3, BLOCK 10, LOT 11 (CANAL LOT)
FREEPORT, GRAND BAHAMA Appraisal: $96,000.00

All that piece, parcel or lot land being Block 10, Lot 11 of Derby
Subdivision. The land is vacant, rectangular in shape, on level
ground and is on a canal. Contains approximately 11,250 sq. ft.
and is in a single family residential area.








ABACO Appraisal: $108,000.00
PORTION OF MURPHY TOWN CROWN
ALLOTMENT, MURPHY TOWN, ABACO.


kitchen and laundry
attention.


The property is 89 x 100 ft
and rectangular in shape.
SThe land is elevated
approximately 15 ft above
S road level and
approximately 25 ft above
sea level. Located on this
S-. property is a twenty-year-
k : :, old three bedroom, two
..- bathroom, living, dining,
room house. The structure requires much


EXUMA. Appraisal: $673,075.00
CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION
SThe subject property is located
on Kingway Road and is
. developed with an area of
S20,000 square feet. Situated
S thereon is a residence
, 1S comprised of 3,645 square feet
of living accommodations,
inclusive of 4 bedrooms, 2
baths, with laundry and utility
j :sa spaces and a two bedroom one
bath guest cottage of 600
S"- 'square feet. The property is
fenced with white picket
fencing and has a Gazebo at the highest portion of the property.


Appraisal: $20,000.00


All that piece, parcel or lots 12571 and 12572, Bahama Sound of Exuma
10, total area of 20,000 square feet. Bahama Sound is a sudivision
situate at the southwestern portion of the Forest Estate between the
settlements of Southside and Richmond Hill, Great Exuma, Bahamas.



TO VIEW PROPERTIES

GO TO:

www.stopnshopbahamas.com

Cedt on "Real Estate Mall"

CMei on Doorway

"Enter Online Store"


FOR ONDTION OFSAL ANDANYOTHE INORMTIONCONACT


HARRY CLLIE @ 02-303


E-milhary~olie~coiabnkco


LOT No. 21B FRASER ALLOTMENT
OFF SOLDIER ROAD A


BAHAMA SOUND 10,
EXUMA


THE TRIBUNE


I


~JT'
3.


;. %






PAGE 8B, THURSDAY SEPTEMBER 20. zUU/


"Your Bahamian Supermarkets"



SUPER
VALUE
NOW ACCEPTING
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THURSDAY, SEPTEMBER 20, 2007, PAGE 9B


.N i ,S, BAR-S
-F MEAT &

CHICKEN



'HE PLACE HOT DOGS
m &-Ammm A AnlUoz.


Stock markets




rise worldwide




after the Fed cuts




key interest rates


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WUR CREAM.............$1.99 CORN.ON-COB.......................$4.79


INY DELIGHT, 64 oz.
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PEARS


* By TOBY ANDERSON
AP Business Writer
LONDON (AP) Euro-
pean and Asian stock markets
rallied Wednesday in the wake
of Wall Street's surge spurred
by the United States Federal
Reserve's larger-than-expected
interest rate cut.
Key market indicators in
Britain, France and Germany
each rose more than two per
cent after even bigger gains in
Japan and Hong Kong.
Investors cheered the Fed's
decision on Tuesday to cut its
benchmark interest rate by a
half percentage point to 4.75
per cent, a move aimed at keep-
ing problems in the mortgage
market from causing a reces-
sion in the US economy a key
export market for many Asian
and European companies.
"They did the right thing,"
Joseph Han. a strategist at Dae-
woo Securities Co. in Seoul, said
of the Fed's aggressive cut.
Many analysts expected a quar-
ter-point reduction in the fed
funds rate.
After Tuesday's rate cut, the
Dow Jones industrial average
posted its biggest one-day point
gain in nearly five years a
surge of 335.97 points. In mid-
morning trading Wednesday,
the index gained another 89.58
points to 13,828.97.
In afternoon trading in
Europe, Britain's benchmark
FISE 100 rose 2.7 per cent to


6,453.70. Germany's Dax gained
2.1 per cent to 7,737.27 and
France's CAC-40 climbed 2.9
per cent to 5,707.37.
Earlier in Asia, Japan's
benchmark Nikkei 225 stock
index soared 579.74 points, or
3.7 per cent, to close at
16,381.54 points, marking its
biggest point gain in more than
five years. Hong Kong's Hang
Seng index jumped 977.79
points, or 3.98 per cent, to
25,554.64.
Shares in India hit an all-time
high, as the Bombay Stock
Exchange's 30-share Sensex
surged 654 points, or 4.2 per
cent, to 16.323.
Stock markets in South
Korea. Australia and Singapore
also advanced, although Chi-
nese shares faltered.
Kaoru Yosano, Japan's chief
government spokesman, wel-
comed the Fed's decision.
"They have reacted very
quickly to the realities," he told
reporters.
On Wednesday, the Bank of
Japan decided to leave its key
interest rate unchanged at 0.5
per cent, as widely expected.
The world's central banks like
to show they are working
together to maintain global sta-
bility, and the Bank of Japan
would find it hard to raise rates
at a time the US central bank is
cutting them.
Asian Development Bank
President Haruhiko Kuroda
said the LIS rate cut will benefit


.i~~

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Asia's emerging economies.
"It will definitely sustain the
strong economic growth in the
US, which is beneficial to
emerging economies in Asia,"
he said in Manila at a news con-
ference at a forum sponsored
by the World Trade Organisa-
tion.
Oil prices rose as well
Wednesday as the rate cut lifted
expectations growth will accel-
erate and increase demand for
already tight crude and gaso-
line supplies.
Light, sweet crude for Octo-
ber delivery rose 64 cents to
$82.15 a barrel on the New
York Mercantile Exchange
after hitting a new trading high
of $82.51 earlier.
But higher oil prices could
spur inflation just as the Fed is
cutting rates, warned Jose Vis-
tan, research head at AB Capi-
tal Securities in Manila.
"The Fed decision could
backfire because we are in the
midst of rising commodity
prices, particularly energy, oil
prices rising to record levels."
he said.
For now, investors are,
relieved that the Fed acted to
ease pressure in credit markets,
Associated Press writers
Teresa Cerojano in Manila, Kcl-
ly Olsen in Seoul and Yuri
Kageyama in Tokyo and AP
Business Writer Tim Paradis in
New York contributed to this
story.


L `:
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"
T
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"). f k.i:-
^^S&/i


'* t -


A*.j.


BED SPREADS
TABLE CLOTHS l
5X7 AREA RUGS
CHAIR THROWS
CHAIR SLIP COVERS
TOUCH OF VELVET SHEET SETS
LADY SANDRA COMFORTER SETS
MODE ALIVE WINDOW CURTAINS
BETTER HOME SHOWER CURTAIN SETS


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RICE COOKERS
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ANCHOR HOCHING
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Ph: 393-4440 or 393-4448
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THE TRIBUNE


"-'s


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U


FRESH
BROCCOLI
bunch
i 0Ann












PAGE 10B, THURSDAY, SEPTEMBER 20, 2007


...ENTIRELY FREE!


You Will Learn...


* Why the Bible was written
* er the Bible le came from
* Tips on effective Bible reading
* How the Bible interprets itself
* History and Chronology in the Bible
* Bible Versions what they are and
how to use them


* Why the Bible is not a work of fiction
* How to use cross references
* The differences in Bible versions
* How to use a concordance and lexicon
* A simple Bible reading plan to get you
through the whole Bible in I year


September 25, 26, 27 (7:00-9:00pm)

Venue
New Providence Community Centre on Blake Road.

Registration: provide name, phone number and email address(if possible)
(1) Email to: biblereadingseminar@yahoo.ca
(2) Or call Penny: 325-3177: :
(3) Or mail information to: P.O. Box N-993, Nassau, Bahamas


*1./ expenses aire paid for by the
Christadelphian Bible Mission of lanada.
* Light refeshments are sensed
\lllrlrl,,ll lldo,' ,lll tlrl .
/Mht h~l, drd


THE TRIBUNE




BISX chief 'fearful' on



public sector debt miss


FROM page 1

Bahamas and public sector for
some two-and-a-half years.
It was left for the former
FNM government to pick up
when it arrived in office, and
Zhivargo Laing. minister of
state for finance, said the issue
of listing government debt
securities on BISX was "a mat-
ter under consideration"
Meanwhile, Mr I.)vics said
BISX was working with the
Bahamas Institute of ('har-
ctred Accountants (I('A) to
develop a "teImplaiit g9ove
ing quarterly and 11i dliil Ill iiI
cial results filings by BISX-list-
ed stocks, and what these
would conltai.
"BISX has fully engaged
BI(A with respect to creating


a template for quarterly and
annual filings for its listed
issuers," the BISX chief exec-
utive added.
"We are working with them
on a schedule to our Rules that
will lay out the regulations for
quarterly and annual filings.
"It's making sure the termi-
nology is correct, the type of
information we ask for is cor-
rect, bearing in mind the dif-
ferent industries we have on
BISX, and creates a list of
additional items we would wish
to see in their filings."
Mr Davies said it made
seins for the exchange to draw
,,i BICA's expertise, given
that its members audited BISX
issuers and other Bahamas-
based companies on an almost
daily basis.
He declined to comment on


whether the amendments to
the BISX Rules would opt for
60-day and 90-day timelines
for companies to file their
quarterly and annual financial,
as had previously been pro-
posed.
Mr Davies said a decision
had been made, but this had
to be ratified by BISX's Board
of Directors and the Securities
Commission of the Bahamas.
Among the proposed
changes were giving BISX's
listings committee the ability
to disqualify listed equities'
directors; the requirement for
all BISX issuers to make all
material disclosures to a new
BISX department, called the
Companies Announcements
Office; and expanded sanctions
powers for the BISX Listings
Committee.


is t.,.

Cii
' :
4.' i


-* I


,,' ,
,, ,, ,,,



i- ~,a -I
'^d V'

"Informniatv. I an bei s (iur' to rc, l something of v,lue in The Tribune. It is filled with
il lnorilmtion about lo<.l nIc\,s), s rts1, cftcrtiU IiliI cnet and woIrld Iews sulbects that are
iliporta nt io in Tile iribllll is 1m newspaper.
JASON RAHMING
CONSTRUCTION FOREMAN


The Tribune
,. r ... ,..' Tribune l:in your
; ,~ "' ,- . .


I


GLIN1ON I SWEETING I O'BRIEN

COUNSEL & ATTORNEYS-AT-LAW
303 SHIRLEY STREET I P O BOX N-492
NASSAU, NEW PROVIDENCE I THE BAHAMAS
1 242.328.3500 If 242.328.8008 I www.gsolegal.com

Temporary Vacancy

Law practice seeks energetic individual to perform basic accounting,
invoicing and receipting activities through a computerized time and billing
system. Applicants should have at least two years of general bookkeeping
experience. Also, an Associates Degree from an accredited academic institution is
preferred although not required.

The successful candidate will receive a competitive salary based on his or
her qualifications and on the job training. The engagement is expected to
last four to five months only, but may materialize into a permanent position.

Interested applicants may forward their curriculum vitas together with
copies of all degrees and certificates earned to our offices by either facsimile
at 328-8008 or e-mail at dglinton@gsolegal.com addressed to the attention of
Mrs. Dominique Glinton. All applications will be treated as confidential.


7'

I4..~


I


V"4
v< '*


.,. ._
;~&



















Morgan Stanley




third-quarter profit




sinks as credit crisis




impacts bottom line


* By JOE BEL BRUNO
AP Business Writer

NEW YORK (AP) Mor-
gan Stanley on Wednesday
reported third-quarter profit
sank 17 per cent, as the No. 2
United States investment bank
was forced to write down near-
ly $1 billion worth of loans
amid the summer's global cred-
it crisis.
Morgan Stanley, like others
on Wall Street, was squeezed
as borrowers with poor credit
histories defaulted on home-
loan payments at an alarming
rate. This curbed investor
appetite for everything from
mortgage-backed bonds to
loans for corporate buyouts.
It was the New York-based
investment bank's first drop in
earnings under Chief Execu-
tive John Mack, and follows a
smaller-than-expected decline
in profits from rival Lehman
Brothers Holdings Inc. on
Tuesday.
"This was an abnormal mar-
ket with incredibly poor liq-
uidity and many poorly per-
forming hedges," Chief Finan-
cial Officer David Sidwell said
in an interview. "I think given
the extraordinarily difficult
markets, we actually per-
formed OK and we view our-
selves as very well positioned
to take advantage of opportu-
nities that arise as the markets
settle down."
Profits fell to $1.54 billion,
or $1.44 per share, from $1.85
billion, or $1.75 per share, in


the year-ago period. This
year's third quarter included
only one month of results from
Discover Financial Services,
which split from Morgan Stan-
ley in June.
Stripping out the credit-card
unit, profit fell to $1.47 billion,
or $1.38 per share, from $1.59
billion, or $1.50 per share.
Stronger equity trading and
investment banking fees
helped drive revenue up to
$7.96 billion from $7.06 billion
a year earlier.
However, that still was not
enough to beat Wall Street
projections for a profit of $1.54
per share on $8.35 billion of
revenue, according to analysts
polled by Thomson Financial.
While equity-trading rev-
enue rose 16 per cent to $1.8
billion, it included a $480 mil-
lion loss from quantitative
investments. These positions,
which use computer models to
automatically decide when to
buy and sell stocks, became a
problem for Wall Street this
summer because of the big -
and often sudden stock mar-
ket swings.
The company also said it saw
losses of $940 million in the
quarter from the decreased
market value of loans on its
books as well as other financ-
ing commitments.
Investment banking was
among the bright spots: rev-
enue from the business surged
45 per cent to $1.4 billion,
though most of those deals
occurred before the third quar-


ter.
Morgan Stanley shares rose
48 cents to $68.99 in morning
trading.
The stock has tumbled 24
per cent since the end of the
second quarter, as financial
services firms were squeezed
by defaults in mortgage posi-
tions and a tightening credit
environment.
It is the second of four
investment banks to report
results this week. On Tuesday,
Lehman posted a decline in
profits that was smaller than
had been expected.
Goldman Sachs and Bear
Stearns report their results on
Thursday.
Mack, who returned as CEO
in mid-2005, was given a man-
date to help put the investment
bank on track after languishing
just a few years ago. Among
his biggest objectives was to
increase the company's prime
brokerage and asset manage-
ment business, and expand
investment banking operations
both in the US and overseas.
The company also had less
exposure than peers to the
market for originating mort-
gages to people with spotty
credit. It arrived late to Wall
Street's push to originate sub-
prime loans after it bought
Saxon Capital Inc. for $705
million.
In addition to being a lender.
Saxon services home loans -
collecting payments, maintain-
ing records and foreclosing on
delinquent borrowers.


( ive the Gift of Travel with

SPremier's new refillable


Gift Card!


Come in and see us today!



PREMIER TRAVEL
#57 Collins Avenue


328-0264


CFA Society of The Bahamas


2007/2008 officers & Directors
President
Kristin M. Fox, CFA
Email: kfox(kcoralwave.com
Vice-President
David Ramirez, CFA
Pictet Bank & Trust Ltd.
PO Box N-4873, Nassau Bahamas
Ph: (242)3022217
Fax: (242) 327 6610
Email:dramirezttpictet.com
Treasurer
Christopher Dorsett, CFA
Citigrup Corporate & Investment Bank
PO Box N 8158, Nassau, Bahamas
Ph: (242)3028668
Fax:(242)3028569
Email: Christopher.a.dorsen(acitieroup.com
Secretary
Sonia Beneby, CFA
ScotiaTrust
PO Box N 3016, Nassau, Bahamas
Ph: (242)5025700
Fax: (242) 326 0991
Email: sonia.benebvy(sctoiatrust.com
Programming
Karen Pinder, CFA
EFG Bank & Trust (Bahamas) Ltd.
PO Box SS 6289, Nassau, Bahamas
Ph: (242)502 5400
Fax: (242) 502 5428
Email: karen.pinder(yefobank.com
Education
Pamela Musgrove, CFA
Colina Financial Advisors, Ltd.
PO Box CB 12407, Nassau, Bahamas
Ph: (242)5027008
Fax: (242) 356 3677
Email: pmusgrove(cffal.com
Warren Pustam
Piclct Bank & Trust Ltd.
PO Box N-4873, Nassau Bahamas
Ph: (242)302 2222
Fax: (242)327 6614
Email: w pustamfahotmail.com
Membership
Geneen Riviere
Pearl Investment Management Limited
PO Box N 4930, Nassau, Bahamas
Ph: (242)5028022
Fax:(242) 502 8008
Email: geneen.riviere(opearl-investiennt-
management.com
Past President
David Slatter, CFA
KPMG
PO Box N-123, Nassau. Bahamas
Ph: (242)3932007
Email: dslattcrta kpmg.com.bs


MONTHLY SPEAKER / WEBCAST EVENT


Topic:

Date:

Time:


China's Economy: Structural Strength. Cyclical Weakness

Thursday, September 27' 2007

6:00 pm Cocktail Reception (Hors d'Oeuvres)
6:30 pm Webcast
Please arrive promptly!.


Location: Luciano's of Chicago
Cagliari Room
East Bay Street

Presentation: Webcast
Jim Walker
Chief Economist
CLSA Asia-Pacific Markets


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 Tuesday
September 25, 2007
Karen Pinder, CFA
karen.pinder@efgbank.com
*Prepayment required through one of the Board Members

In this presentation, Jim Walker discusses the long-term growth outlook for
China. He will speak about the drivers of this growth including: Private
property rights and market signals. In addition, reasons for short-term market
concerns will be reviewed.

Jim Walker is chief economist at CLSA Asia-Pacific Markets. Previously, he
worked as a research fellow at the Fraser of Allandder Institute and then at the
Royal Bank of Scotland, where he was responsible for coverage of the oil
industry and the U.S. economy.

Well known as "Dr. Jim," Dr. Walker has been named the Best Economist for
Asia for 11 consecutive years in the Asiamonev Brokers Poll. He is best
known for his coverage of Hong Kong and China and is widely recognized as
one of the first to predict he 1997 Asian crisis. Dr. Walker received a BA and
PhD in economics from the University ol Strathclyde, I.1 ,i ....


fLFA
INSTITUTE
PROFESSIONAL
DEVELOPMENT
QUALIFIED ACTIVITY


The Clifton Heritage Authority is seeking the services of persons to ftil thi
follo\\ing positions at the Clifton National Park:




Park wardens have significant responsibilities in visitor services. Resoult
management and the provision of the interpretative services.



o Assists with monitoring the activities at the park to ensure the propel us .
the facilities.
o Assists with the facilitation of tours at the site, school programs and spct. 1I
events.
o Implements resource management techniques required to manage and re- i,
natural and cultural resources including exotic plant and animal renmo\ Z;n
native plant restoration, erosion control and prevention of historic sil t i,...
remains and archaeological sites.
o Properly uses herbicides and other chemicals in conjunction \\111ih
maintenance team.
o Provides celergcncy assistance.
o Assist \\ith any other duties assigned.



o Minimum of 3 BGCSE's or 5 BJC's
o Ha\ e sound knowledge of security techniques.
o Police vetting is a requir-ement
o Trainable and preparedness to be trained.
o Graduate of the Bahamas Host Program is a plus

Poiton M iteane ore


Responsible lor thc daily maintenance and upkeep of
of the Clifton l lerilage Pairk.


the grounds ;inl I, itin


Ensuics the daily maintenance and upkeep of the grounds ol1 Ie s '!Cli.i
Hcritage Park, facility cleaning, facility repairs and maintenance, and i; niul
and cultural resource management as directed.
o Rcimoval ol' debris and otlhc identified plants.
o (Clans and piopcirl stoics all tools, vehicles and equipment.
o Conlrtlcls. manaintains and repairs building and structures, includir
plumbing, \WiIing andi paintings


o Minimum ol I -RIC's
o Abili to opervIat gc'ntcial landscaping equipment
o Triainable and plreparedness to be trained
Applications are available at the Authority's Office.Colins Avenue.
Telephone contact 325- 1505.


'


328--0257


I--___


I


THURSDAY, SEPTEMBER 20, 2007, PAGE 11B


THE TRIBUNE













PAGE 12B, THURSDAY, SEPTEMBER 20, 2007 THE TRIBUNE

-.1



City Markets -

*. ......






$4.4m in chain r .
X,. 41- j. .., .


over a year -

FRO.M page I
kets shoppers in Grand
Bahama and New Providence.
lIuture of the company. "We listened to what they said ". t
"You can see it in the faces and we are doing everything -?
of the staff, you can see it on we can to make sure that we '
customers' expressions," said provide the best possible shop- .
Mr Burns. "They know that ping experience. The compa- :'' -'--
we are in the process of chang- ny is excited about the future -
ing and we are attuned to their and the direction we are going "
requests." to better serve our customers,-- .'
A few months ago, they sur- employees and shareholders,"
c\ ed thousands of City Mar- Mr Burns added. C -rr -""

iLe al Notice Jk. ..
.--- -*. *. .-r" 11
Legal Notice L..---,' .. u r... '" .


INTERNATIONAL BUSINESS COMPANIES
ACT 's
(No.45 of 2000)

DENBERRY LIMITED, .
In Voluntary liquidation

"Notice is hereby given that in accordance with Section 137 .
(4) of the International Business Companies Act (No. 45 of \ ~'
2000). DENBERRY LIMITED is in Dissolution."

The date of commencement of dissolution is the
4th day of September, 2007.


Robert Philip Surcouf For the stories behind the news,
Harbour Reach
St. Helier, Jersey
Channel Islands read Isighto Mondays
Liquidator




To meet the challenge of operating our growing business, we wish to recruit a:


Portfolio Manager

Main responsibilities Managemen't of discretionary portfolios according to the Bank's guidelines
Conduct appropriate investment research and analysis
Review portfolio performance
Evaluate, control and minimize the risk of the portolios
-Assist with the administration and operations of the dank
Ideal profile Several years experience as a portfolio manager
Fluent in English and French
Higher education
Dynamic and proactive personality
What we offer -The opportunity to play an active role in the success of an innovative bank
-The chance to work within a dynamic and motivated team
-An attractive remuneration package which provides incentives based on results
Competitive welfare benefits
Please send your resume and reference to: betsy.morris@syzbank.com
SYZ & CO Bank & Trust LTD. I Tel: (+1 242) 327 66 33
Bayside Executive Park I P.O. Box N -1089 I Nassau, Bahamas www.syzbank.com












ElSIE Itsatr C
Pricing Information As Of: C FA L"
Tuesday, 18 September 2007
BISX LISTED & TRADED SECURITIES VISIT WWW.BISXBAHAMAS.COM FOR MORE DATA & INFORMATION
BISX ALL SHARE INDEX: CLOSE 1.891.75 / CHG 00.08 1%CHO 00.00 / YTD 215.56 I YTD % 12.86
52wk-Hi 52wk-Low Security Previous Close Today's Close Change Daily Vol. EPS $ Div $ PIE Yield
1 78 054 Abaco Markets 1 60 1 60 00 1 0L0914 (00 170 0 00%
11 74 11.00 Bahamas Property Fund 11 70 11 70 0 00( I ,'7 0.100 77 342%'
c 55 7 5U Bank of Bahamas 9 55 955 s 0 ,0 O.0 U 130 2 7
S85 O70 Benchmark 085 00 0 ', 0 0 H 0 O I/ 3',%
3 74 152 Bahamas Waste 373 3 73 O I) 1 I .;',' () l o(;o I I H I
SC2 1 20 Fidelity Bank 1 62 1 6 () )o 0o ();.l 0 04o0 .' 4/%
11 00 940 Cable Bahamas 11 02 1 1 0: I ) o 0):I ; l .'.I0l I I 18%,
3 15 180 Colina Holdings 3 15 3 15 0 0C) 0 .'OI ()1 0 HO 1 .'7 51%
1'5 83 11 50 Commonwealth Bank 15 83 15 83 ( 00 1 Io) l 0I li 4 L30%
7 22 4.70 Consolidated Water BDRs 5 62 570 0 H l 112. 0 899,%
2 7 2 20 Doctor's Hospital 2 35 2 35 L00 10.500 0 .'84 L 001)) 80 3 00O
G 40 554 Famguard 6 18 6 18 000 0 801 0 .'40 7 / 3 88%
12 9 11 51 Finco 12 79 12 79 O 00 0 768 0 571 16 7 4 46%
1,1 10 13 76 FirstCarlbbean 14 70 14 /0 0 0 O 9i 0,170 14 3 20%
S10o 5 18 Focol (S) 6 10 6 10 000 0 .64 H) 13: 16 7 2 17%
10 ( 054 Freeport Concrete 070 070 0 00 0415 00 N/M O00%
H 49 710 ICD Utilities 725 7 25 000 0411 0.00 176 2?76%
1005 8 52 J Johnson 1005 10 05 000 ( 0141 0 580 106 5 77%
1000 1000 Premier Real Estate 1000 1000 000 1 16" 0 i;00 86 6 00%
Fidelity Over-The-Counter Securities
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div $ P/E Yield
14 rO 1425 Bahamas Supermarkets 14 60 15 GO 100 1 1" 4 13 9 10 17%
8 0 G 00 Caribbean Crossings (Pref) 600 6 215 26 000 0 1 00H1 NMl 780%
0 E4 0 20 RND Holdings 0 35 O 40 0 () -0 03O 0 000 N/M 0 00%
Colina Over-The-Counter Securintes
11 0U 41 00 ABDAB 41 00 4: 00 41 00 4 .-, .' 7bW 5 O l; 70%
14 GO 14 00 Bahamas Supermarkets 14460 0O 14 00 1 I .'.1'. .i 10 17%,,
O 5! 0 40 RND Holdings 0 45 0 0 4 0 0 (11 000 N/M 00%,,
BISX Listed Mutual Funds
52wk-Hi 52wk-Low Fund Name NAV YTD% Last 12 Months Div $ Yield '%,
1 1 2828 Colina Money Market Fund 1 35(630"0'
:-3402 i? 449 Fidelity Bahamas G & I Fund 3 3402"**
S' /4 GL Colina MSI Preforred Fund 2 88GHH3(;"'
I 98 I 1923 Colina Bond Fund 1 269803"
1I ("581 11 1622 Fidelity Prllne Income FIund 11 G58
SFFINDEX: CLOSE 855.71 / YTD 15.31% / 2006 34.47%
BISX ALL SHARE INDEX 19-g Dr. 02 1000 00 MARKET TERMS YIELD I.' I1.1I, ,.Ill vlriLl v I 111 I .I .*, NAV KUIY
52,w1-1 n ,,,, ,,II... -1 WO id s J I1 I. - -k Oi$ 1 i
52wk Low 1.. r a i ,rl ,- 111 -l st 5: wook, Ask $ 111111 1, 1- 1 11 1 -,011 t-1111 ,l /1(0
Pll oua Close1 I I--u .w', y ,o hl- I-o-)rio or aIlly -yv( L.st Pie i d -l, l I' ,M I 1 l il l
Today' Close ... .i ,ny n y, wo, l ghtm d price for dally volunlo W ekly Vol. Ilhnr v hllllun If (hn pm H "' 1 4- I"";-kt -11( 1
Dplly Vol I liiiiilI,1 -i,,aoti 1 r.ll -ron Irndod lo,, y NAV 1It As,,It Vnl,,
35) --or-1 tock Split- Effotr*,, Dnta Rl/8/00)
TO TRADE CALL: COLINA 242-502-7010 I FIDELITY 242-356-7764 / FOR MORE DATA & INrFORMATION CALL (242) 394-2503


I I


NOTICE
NOTICE is hereby given that CHARLENE BROWN OF
GOLDEN GATES #2, NASSAU, BAHAMAS, is applying to the
Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 13TH day of SEPTEMBER, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-7147,
Nassau, Bahamas.



NOTICE
NOTICE is hereby given that ITALIA ANNESTIN #28 YOUNG
HUSBAND, GENERAL DELIVERY, 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 13TH day of SEPTEMBER, 2007 to the Minister responsible
for Nationality and Citizenship, P.O.Box F-41085, Grand Bahama,
Bahamas.



NOTICE
NOTICE is hereby given that ALBERTO CICERON
of MEADOW STREET, P.O. BOX NP-4388, 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 20TH day of SEPTEMBER, 2007
to the Minister responsible for Nationality and Citizenship,
P.O.Box N- 7147, Nassau, Bahamas.


NOTICE
NOTICE is hereby given that DELENO A. LIGHTBOURNE
OF HOLMES ROCK, GENERAL DELIVERY, 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 20TH day of
September, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N-7147, Freeport, Bahamas.



NOTICE
NOTICE is hereby given that WIDEMAX FLEUREMY
of BLUE HILL ROAD, P.O. BOX SS-19753, 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 20TH day of SEPTEMBER, 2007
to the Minister responsible for Nationality and Citizenship,
PO Box N- 7147, Nassau, Bahamas.



NOTICE
NOTICE is hereby given that PHILOMENE GULCE OF MIAMI
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 13TH day of SEPTEMBER, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas.












THURSDAY, SEPTEMBER 20, 2007, PAGE 13B


THE TRIBUNE


Honeywell to provide mechanical




systems for Airbus in $16bn deal


* By DONNA BORAK
AP Business Writer
\VWASIlINGTION (AP) -
Industrial conglomerate Hon-
evwell International Inc. said
Wednesday it will provide the
major mechanical systems for
Airbus's new lonIg-range, wide-
body A35l0 aircraft, under a
contract expected to generate
more than $16 billion in rev-
enue over 20 to 25 years.
Ihonc\vwell said the contract
is the largest systems and
equipment package Airbus has
awarded to date on this pro-
granmme.
As part of the deal. Honey-
well will design and build an
auxiliary power unit and other
equipment that supply pneu-
matic and electric power for
the aircraft \while on the
ground or in-flight.
The company will also build
systems to manage all of the
air used on the aircraft for
environmental control, includ-
ing cabin heating, cooling and
pressurization.
The A350XWB family is
Airbus plan for a series of cl'i-
cient. medium-capacity, long-
range wide-body aircraft. With
a range of up to 15.40) kilo-
meters (9.5b9 miles), it is avail-
able in three basic passenger
versions: the A350-80t0 accom-
modating 270 passengers, the
A350-900 seating 314. and the
A350-1000 for 350 passengers.
Total firm orders and com-
mitments for the A350XWB
stand at 254 aircraft, including
154 firn orders and 100 corn
mitments. The Airbus aircraft
is scheduled to hit the market
about five years after rival
Boeing Co.'s new mid-size,
longhaul 7S7 jcetiiner. To date.
Boeing has received 706 orders
for the 787. The planeC is sold
out through late 2013.
Earlier this month. t3oeing
executives said flight testing
on the 787 would d be delayed
until mid-NoMember or mid-
December. three months lat-
er than originally expected.
The colmp:an insists they will
remain on track to deliver the
first plane on time to Japan's
All Nippon Airways in May,
pending any problems that
arise out of testing.
IHonevwell has had a long-
standing commercial relation-
ship with Airbus, making
everything from avionics sys-
tems to flight management









.o Mndy


I~
A


computers to brakes, and with
recent changes to the aircraft it
is expecting future opportuni-
ties.
"Historically. Airbus would
have had a lot of this done in-


...-$ At,,
,, IA s 0AS5A


house," said Rob (Gilletto.
president and chief executive
of Hon\eywell's aerospace divi-
sion. But under this contract.
Honeywell will be responsible
for managing the suppliers for


a ni mji s\stem within the air-
craft. lhe adIided


Honeywell's facilities in
Phoenix and Torrance, Cali-
fornia, will handle the majori-
ty of system integration on the
aircraft, as well as additional
work from its European part-
ner.
For the first half of 2007,


Honeywell earned $611 mil-
lion, or 78 cents per share. on
revenue of $8.5 billion. Shares
of Honeywell added $1 09 to
$58.37 in morning trading.
AP Business Writer Jen-
nifer Malloy in New York con-
tributed to this report.


\5


NOTICE


OF

OMEGA INVESTMENTS LIMITED

Notice is hereby given that liquidation of the above
company commenced on the 19th day of September,
2007. Credit Suisse Trust Limited of Bahamas Finan-
cial Centre, Shirley & Charlotte Streets, Nassau, The
Bahamas has been appointed Liquidator of the
Company.


Credit Suisse Trust Limited
Liquidator


NlTHSli le.! alrtlmtrediomleae yA isind yaJA3 j i:h.


A position has arisen for a chartered accountant with 20-25 yeals
experience in the profession, or private sector, to assist in the
tlrther development of a branch office in Marsh Harbour, Abaco.

a!e p!.plicant must have good inter-personal skills and be able to
ielate to a wide variety of clients in diverse business environments.
have a history of large scale development projects and experience
',f inte national clients looking to set up business in the family
islands. He/she must be computer literate with a good working
. It)wledge of Excel and Word.

Applicants should apply in writing to:

ECA Application
P. O. Box CB-11651
Nassau, Bahamas


---------- A-
CACIQUE
V-'W t^ y *w TS "*--'-, vf yr 1Wf 'y '


Cacique International Ltd. with o\ er 10 \incls o
outstanding service in destination nma;l;nel tnl
and event planning invites applicants to aIppli 1lh
the position of

Financial Controller

General: Applicants should be have excellent
time management skills and be proficient in
QuickBooks.

Requirements:
* Bachelors Degree in Finance or equivalent
* CPA preferred

Remuneration:
Comparative salary range plus excellent benefits
package inclusive of health insurance.

Interested please should submit resumes to the
following addresses on or before September 28th
2007:
Director of Human Resources
P.O. Box N-4941
Nassau, Bahamas
Or email: jbeneby@caciqueintl.com


NOTICE OF VACANCY

Excellent opportunities for career advancement exist in the Legal
I)epartment of Port Group Limited. The Company invites qualified
applicants to apply for the position of Legal Assistant.

Slieh successful candidate must have at least five (5) years experience
ais a Legzal Assistant in the fields of conveyancing, commercial
tilansacltions and probate matters, and must be proficient in all
M1licirosoft VWord and Excel programmes.

'Ilhe successful candidate must also have:

I. Completed a recognized paralegal/legal executive course',

or

2 A minimum of five (5) B.G.C.S.E "O" levels or equivalent,
two (2) of which should be Math and English with grade
"C"' or above.

Resuimeis with supporting documentation should be submitted to:

The Personnel Department
I'lhe Grand Bahama Port Authority, Limited
P.O. Box F-42666
Freeport, Grand Bahama
BAHAMAS
or
E-mail: personnel@gbpa.com
On or before September 30, 2007


Lampki i

to company
hI- l ,]'';iim r, in k, t" Iri l i, I t ',ii i h .iiuin I .ht



RACQUEL CHEA

is no longer employed by Lampkin &

Comr any and is not authorized to

coni ,ct business on our behalf.

(0i friendly, professional and
know: igeable service continues...Feel

free io contact us for assistance!

Phone: (242) 325-0850 Fax: (242) 326-8024
12 Montrose Avenue P.O. Box EE-15280


---- ri
: : : : I
: ~!
; .i.


15 0 ;.6 i
, ,i *














PAGE 14B, THURSDAY, SEPTEMBER 20, 2007


THE TRIBUNE


Gol, Brazil's


No.


2 airline,


considering share buyback


* By ALAN CLENDENNING
AP Business Writer

SAO PAULO, Brazil (AP) -
Shares of Brazil's Gol airline soared
Wednesday after the family-run fund
that controls the company announced
-it is considering a share buyback that
would delist the nation's No. 2 air-
line on exchanges in Brazil and the
United States.
Gol's stock rose 11.4 per cent on
Sao Paulo's Bovespa exchange after
the Fundo Asas announced said it
was assessing the buyback but had


not made a decision.
The company's American deposi-
tory shares on the New York Stock
Exchange jumped 11.9 per cent, or
US$2.55 to US$23.98.

Fund

The fund is used by Brazil's Con-
stantino family to manage its majori-
ty stake in Gol, a low-cost airline that
started out small in 2001 and now just
barely trails the market share of TAM
Linhas Aereas SA, Brazil's largest
airline.


The fund's statement to Brazil's
Securities Commission did not say
how much a buyback would cost, but
Brazil's Valor Economico business
newspaper estimated a price tag of
at least three billion reals (US$1.6 bil-
lion). Fundo Asas owns 69.6 per cent
of the company's shares and all of
Gol's voting shares.
Shares of Gol Linhas Aereas Intel-
ligentes had dropped sharply since
July, when a TAM passenger jet
crashed in Sao Paulo and killed 199
people in Brazil's deadliest air acci-
dent. The company's shares in New


York have traded in a range of
US$19.02 to US$37.10 over the past
year.
The accident exposed severe short-
comings in Brazil's civil aviation sys-
tem, which was already under pres-
sure following a series of air traffic
controller strikes and work slow-
downs that cause mass delays and
cancellations and hurt Brazilian air-
lines.

President

President Luiz Inacio Lula da Silva


fired his defense minister in charge
of civil aviation following the crash,
and the government is imposing a
plan to reduce air traffic at Sao
Paulo's Congonhas airport, the site
of the crash and the nation's busiest
airport.
Gol took to the skies with just six
planes and rapidly expanded market
share amid an expanding Brazilian
economy and the demise of the
nation's former flagship carrier, Varig.
Gol then bought Varig in a cash
and stock deal valued at about
US$275 million.


' U


FIRSTCARIBBEAN
INTERNATIONAL BANK
FirstCaribbean International Bank (Bahamas) Limited

Chairman's Review
Of the Results
For the nine months ended July 31, 2007
FirstCaribbean International Bank (Bahamas) Limited earned a consolidated net income of $85.2
million for the nine months ending July 31, 2007. This represented an increase of $2.3 million or
2.8% over last year's restated net income. Excluding the impact of the changes as described in
notes 3, 5 and 6 to these interim statements, which had a positive impact of $4.9 million, the net
income to date was 3.2% less than last year due to higher cost of deposits resulting from the
tight local dollar liquidity as well as lower returns on our US dollar investment portfolios.

Total revenues for the period amounted to $134.7 million, same as last year. Earnings on our US
dollar investment portfolios in the third quarter were adversely impacted by global widening of
credit spreads, which led to a reduction of $4 million when compared to last year.

Total interest income rose 24% or $41 million over last year as both loan balances and
investments increased. Total interest expense also increased $42.8 million due to higher
customer deposits and additional borrowings as well as the increased rates paid on customer
deposits. Consequently, the Bank's net interest income for the nine month period was $106.3
million, $1.7 million lower than last year.

Operating expenses for the period were $41.4 million, a reduction of $8.9 million from the same
period last year and the ratio of expenses to revenue improved by 7% over last year to 31% for
the nine months of this fiscal year. Excluding the impact of the changes noted above, operating
expenses was $48 million, $2.3 million less than last year. Loan loss expense was $8 million, an
increase of $6.6 million over last year as loan provisions were prudently made during the third
quarter of this year.

The total assets,pf .je Bal*d,,.t July 31, 2007 were $4.8 billion, representing a growth of $92Q0i
million or 24% oQve- lstyea.aand $35(0:illion or 8% since last fiscal year end-.-.' .

Earnings per share was 70.9 cents, 1.9 cents greater than the amount for the same period last
year. Excluding the impact of the changes as noted above, earnings per share was 65.4 cents for
the period.

The return on assets for the nine months was 2.4%, and the return on tangible equity was 26%.

The Directors thank our customers and employees for their continued suDDort.


Michael K Mansoor
Chairman

FirstCaribbean International Bank (Bahamas) Limited
Consolidated Balance Sheet
BS'000


Unaudlted Unaudited
July 31. 2007 July 31, 2006
(Restated)


Assets
Cash and balances with banks
Securities
Loans and advances to customers
Intangible assets
Property, plant and equipment
Other assets

Total assets

Liabilities
Deposits
Other borrowed funds
Other liabilities
Debt securities in issue

Total liabilities

Equity
Share capital & reserves
Retained earnings


Total liabilities and equity



Director
\a~


545,430
1,534,086
2,453,017
187,747
27,251
54,579


611,430
671,716
2,339,865
187,747
28,917
42,327


Audited
October 31. 2006
(Restated)

367,400
1,367,651
2,444,830
187,747
29,209
55,248


4,802,110 3,882.002 4,452.085

3,722,618 3,260,068 3,503,903
373,951 281,344
54,832 44,736 61,432
20,305-

4,171,706 3.304,804 3.846,679


436,358 435,525 435.556
194,046 141,673 169,850

630,404 577,198 605,406

4,802,110 3,882,002 4,452.0851



Director


FirstCaribbean International Bank (Bahamas) Limited
Consolidated Statement of Income
BS'000


Total interest income
Total interest expense
Net interest income
Operating income

Operating expenses
Loan los. expense



Net income


Unaudited
Qiarler Ended
July 31. 2007 July 31. 2006
(Restated)

69,678 61,646
(35,086) (24,403)
34,592 37,243
8,083 8,181
42,675 45,424
16,514 18,459
6,327 (1,121)
22,841 17.338


19,834 28.086


Weighted average number of common
shares outstanding for the period


Unandited
Nine Months Ended
July 31, 2007 July 31. 2006
(Restated)


211,493
(105,180)


Audited
Year Endedl
October 31, 2006


170,429
(62.3801


239,740
(91.4071


106.313 108,049 148,133
28,372 26,620 33,536
134,685 134.669 181,869
41,447 50,359 65,873
8,047 1,415 5,324
4,4,494 51,774 7I. I?)


85,191 82.8951 10.672


120,216,204


120,216,204


Earnings per slhre (in cents)


120,216.205


69.0


FirstCaribbean International Bank (Bahamas) Limited
Consolidated Statement of Changes in Equity
BS'000


Share Capital &
Reserves


Balance at October 31, 2005
as previously reported
Prior period adjustment


Balance at October 31, 2005 as restated

Net income for the period
as previously reported
Prior period adjustment
Net income as restated

Dividends
Revaluation gains/(losses)
Transfer to Statutory Reserve Fund Turks & Caicos Islands
Transfer to Statutory Loan Reserve
Balance at July 31, 2006


Balance at October 31, 2006

Net income for the period
Dividends
Revaluation losses
Transfer to Statutory Reserve Fund Turks & Caicos Islands
SReAlase- tw Statutory Loan Reserve
Balance at July 31, 2007



FirstCaribbean International Bank (Bahamas) Limited
Consolidated Statement of Cash Flows
BS'000


Net cash from (used in) operating activities


Net cash from (used in) financing activities


Net cash used in investing activities

Net increase (decrease) in cash and cash equivalents

Cash and cash equivalents, beginning of period

Cash and cash equivalents, end of period


417,281


Retained Earnings




162,439
(18.481)


Total


579,720
(18.481)


417,281 143,958 561,239


83,627 83,627
(732) (732)
82,895 82,895

(66,119) (66,119)
(817) .(817)
4,000 (4,000)
15,061 (15,061)
435,525 141,673 577,198


435,556 169,850 605,406

85,191 85,191
(56,500) (56,500)
(3,693) (3,693)
5,200 (5,200)
(705) 705
436,358 194,046 630,404


Unaudited
Nine Months Ended
July 31, 2007


140,776


56,412


Unaudited
Nine Months Ended
July 31. 2006
(Restated)


25,862


(66,119)


Audited
Y -ar Ended
Oct ber 31, 2006
(Restated)

(253,390)


214,573


(14,071) (139,974) (523,210)

183,117 (180,231) (562,027)

180,084 742,111 742,111

363,201 561.880 180,084


FirstCaribbean international Bank (Bahamas) Limited
Notes to Consolidated Interim Financial Statements
Nine Months Ended
July 31, 2007


1. Accounting Policies
The accounting policies used in the preparation of these consolidated interim financial statements are consistent with those used in the annual financial
statements for the year ended October 31, 2006.
The consolidated interim financial statements include the accounts of the following wholly owned subsidiaries:
FirstCaribbean International Finance Corporation (Bahamas) Limited
FirstCaribbean International (Bahamas) Nominees Company Limited
FirsiCaribbean International Land Holdings (TCI) Limited

2. Comparatives
Whele necessary, conmpaiative figures have been adjusted to comply with changes in presentation in the current year.
IIn lte piot year, iI accordance with IAS 18 Revenue, loan fee income, which would have been considered to be an integral part of the effective interest rate
of the financial instriulients, was deferred and recognized as an adjustment to the effective interest yield on the loan. This adjustment was applied
retrospecnvely, and as such, the comparative statements for 2005 were restated. The 2006 previously published comparatives have also been restated to reflect
this adjustment.

3. Change in Accounting Estimate
Elfective November 1, 2006, the fBank changed its estimate on the useful life of software which resulted in an increase in the depreciation charge for the nine
month period in the amount of $731.

4. Change in Accounting Policy
Effective March 1, 2007, the Bank changed the date on which all purchases and sales of financial assets at fair value thrmug' the profit and loss are to be
recognized irom trade date to settlement date. The audited October 31, 2006 balances have been restated to reflect this char, e. The impact on the audited
October 31, 2006 balances was to reduce trading securities by $157 million, other assets by $82 million and other liabilities '!y $239 million. There was no
impact on lthe year to date July 31, 2006 balances.

5. Post Retirement Benefits
Effective January 1, 2007 certain changes to the Batik's post retirement health benefit schemes were made which resulted in ite recognition of curailment
gain of $7.2 million

6. Related Party 'lransactions
Ilhe agreement with ll.clays Uanik PLC whereby the Bank would receive an annual payment from Barclay Bank PLC of 5IjU nullion u an incentive to retain
deposit placmentcis wtllh Balclays Capital expired on December 31, 2005. Tlie comparative period ended July 31, 2006 wouli' therefore include income for the
linal two- months i the amount of $1.7 ImillionI within operating income.

7. Deposits

Included in deposits are deposits from related entities in the amount of $605 million (July31 2006: $243 million) which may be repaid within the year.

8. Issuance of De)tlt Instruments
On November 3, 2006, the Bank issued $20 million redeemable floating rate notes at prime plus 0.75% which mature November 3, 2011.


BUSINESS


I -










"IUHSUAY, osi- clIVIBER U0, 2007, PAGE 15B


THE TRIBUNE


Euro hits new high against the US




dollar after Fed's interest rate cut


* By MATT MOORE
AP Business Writer
FRANKFURT. Germany
(AP) The euro soared to a
new all-time high against the
United States dollar on
Wednesday in the aftermath
of a half-per cent interest rate
cut by the Federal Reserve,
but dropped back on data
showing a small decline in US
consumer prices.
The euro rose to US$1.3987,
a new high, before settling
back to US$1.3973 in after-
noon European trading after
the US Labour Department
reported that its Consumer
Price Index dipped by 0.1 per
cent last month. That was the
first decline since October
2006.
The euro was still above the
US$1.3971 it bought in New
York late Tuesday after the
Fed cut its benchmark interest
rate a half-point to 4.75 per
cent, the first reduction in four
years.
Most analysts had expected
a quarter-point cut. Lower
interest rates, used to jump-
start the economy, can weaken
a currency by giving investors


less return on investments
denominated in the currency.
The Fed acted to calm finan-
cial markets afraid of an
impending recession due to a
slumping housing market, the
credit crisis and weak August
jobs data.
The pound also was higher
against the dollar. It rose to
US$2.0173 before falling back
to US$1.9978, below the
US$2.0131 it bought in New
York late Tuesday.
The rising euro has yet to
cause great consternation
among most of the 13 nations
that use the common currency,
but as it rises, it could dampen
exports, particularly to the
United States, making any-
thing from automobiles to con-
sumer appliances more expen-
sive to American buyers.
German Economy Minister
Michael Glos said in an inter-
view with the Bild newspaper
published Wednesday that
"nobody knows how the US
financial crisis will affect Ger-
many in the end."
He also said that a weak-
ened dollar, along with higher
oil prices, has the potential to
slow Germany's growth, par-


Housing downturn


raises 'significant


risk' of recession,


says economist


ticularly in exports. Germany is
the world's biggest exporter,
*just ahead of China and the
United States.
"If the dollar's exchange rate
further weakens, it will cast a
shadow on our export


chances," Glos was quoted as
saying.
The dollar strengthened
against the Japanese currency,
rising to 116.11 yen from
115.74 yen after the Bank of
Japan kept its benchmark


interest rate steady at half a
per cent and kept its assess-
ment of the national economy
unchanged.
The bank reiterated its opti-
mistic outlook for the future,
while expressing some caution


about the US economy.
"Japan's economy is expect-
ed to expand moderately," it
said.
S* AP Business Writer Yuri
Kageyama in Tokyo con-
tributed to this report.


* By ALAN ZIBEL
AP Business Writer
WASHINGTON (AP) -
An economist who has long
predicted this decade's hous-
ing market bubble would
deflate said the residential real
estate downturn could spiral
into "the most severe since the
Great Depression" and could
lead to a recession.
Yile University economist
Robert Shiller's written com-
ments to lawmakers came a
day after the Federal Reserve
responded to credit market tur-
moil by slashing the target fed-
eral funds rate by a half point
to 4.75 per cent.
Shiller, in testimony pre-
pared for a hearing of the Joint
Economic Committee said the
loss of a'boom mentality
among the public may bring on
a drop in consumer confidence
that poses a "significant risk" of
a recession within the next
year.
Meanwhile, Peter Orszag,
director of the Congressional
Budget Office, gave a more
tempered forecast, saying that
financial market turmoil and
weakened consumer confi-
dence pose economic threats
but are not likely to send the
economy into a recession.
A hypothetical 20 per cent
drop in home prices over two
years would reduce United
States economic growth by one
half of a percentage point
annually to one and-a-half per-
centage points annually after
three years, the Congression-
al Budget Office calculates.
"The risk of recession is ele-
vated but the most likely sce-
nario at this point seems to be
continued economic growth,"


"The risk of

recession is

elevated but

the most likely

scenario at this

point seems to

be continued

economic

growth."
Peter Orszag

Orszag said.
The hearing came as the gov-
ernment said Wednesday it
would slightly raise the invest-
ment portfolio cap for govern-
ment-sponsored mortgage
companies Fannie Mae and
Freddie Mac as a way to pump
cash into the stretched mort-
gage market.
Since mortgages made to
people with weak credit are
concentrated among low-
priced homes, Shiller said "low
income people will be espe-
cially hard hit by the correc-
tion." He advocated the cre-
ation of a new federal commis-
sion, modeled after the Con-
sumer Product Safety Com-
mission, to detect abusive lend-
ing practices that critics say
were common in the market
for loans made to people with
weak credit.
4


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THE TRIBUNE


PAGE 16B, THUf'-l'AIY, ,2 .. 0 .... 7,




*oilO ,SillS












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