<%BANNER%>
The Tribune.
ALL ISSUES CITATION THUMBNAILS ZOOMABLE PAGE IMAGE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00084249/02996
 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: 9/25/2007
 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_02996
System ID: UF00084249:02996

Full Text








FEAST ON OUR
DOUBLE QUARTER
POUNDER W/CHEESE i'm ovi' It,.
HIGH 86F


LOW 73F

CLOUDY,
S;, T-STORM


The Tribune

#1 PAPER IN CIRCULATION


w WAKE UPI

New French Toast
Sticks -


t -


* 4,, '


BAHAMAS EDITION


TUESDAY, SEPTEMBER 25, 2007


PRICE 750


Spoiests made in most dureps B



New police figures Two men facedouble murder charge BUT does not


74 per cent


of murder cases

solved this year


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
POLICE have made arrests
in 74 per cent of murders this
year a figure yesterday
described as "exceptional".
This announcement comes as
the 2007 murder rate stands at
an alarming 55 one of the
highest counts for this point in
the year in Bahamian history.
In an effort to remain trans-
parent and open with the
Bahamian public, senior police
officers held a national murder
update yesterday at police
headquarters in East Street,
detailing trends, motives and
solvency rate for these heinous
crimes.
Statistics released by the
Homicide Squad reveal a 41 per


cent increase over the number
of homicides reported in 2006
within the same time period.
To date, there have been 55
murders reported nationwide
compared to 39 murders record-
ed within the same time period
last year.
According to Asst Supt Clay-
ton Fernander, second in charge
of the homicide division, the
homicide squad has. solved 74
per cent -- which represents 41
- of the murders for this year.
Despite criticism levelled at
police for this year's lower sol-
vency rate, Chief Supt Hulan
Hanna argued that the rate
"rivals" and "outdistances any
number of metropolitan states
and cities across North Ameri-
ca."
SEE page nine


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
MANY of those sentenced to
life in prison by the courts are
effectively being. "abandoned to
the will and whim" of an unob-
jective government board because
judges are not determining a min-
imum sentence to be served.
A source from the legal com-
munity, who wished to remain


anonymous, said that "lifers" in
the Bahamas are having their
rights violated because, unlike
in the United Kingdom where
trial judges set a minimum term
or "tariff" to be served by an
offender before they are eligible
for release, in many cases those
sentenced to life in the
Bahamas are not set such a tar-
iff by their trial judge.
SEE page 10


30-YEAR-OLD JULIAN Woodside (left picture) and 26-year-old Jason Ferguson leaving court yesterday
after being charged with the double murder of a man and a woman


* By NATARIO McKENZIE
TWO men accused of shoot-
ing and killing a man and a
woman in June were arraigned
in Magistrate's Court yesterday.
The victims, Jonell Jones-
Dean and Levaughn Finlayson,
were reportedly found dead in a
yard in Mason Alley on June
21.
Jones-Dean, 25, was report-
edly found lying face down, She


had been shot in her face and
left wrist.
Finlayson, 31, who according
to reports had recently been
released on bail from Fox Hill
prison, was found lying on his
back, having been shot in the
face and chest.
Julian Woodside, 30, alias
"Ninja", of Charles Vincent
Street, and Jason Ferguson,
alias Demetrius McKenzie, alias
"Shortman," 26, of Strachan's


Corner were arraigned before
Chief Magistrate Roger Gomez
at Court One Bank Lane yes-
terday on double murder
charges. The men were brought
to court around 2.30 pm yester-
day. As they were being escort-
ed to court by police, relatives
of the accused urged them to
hold their heads high, while
protesting their innocence.
SEE page 11


at schools,
says president

* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
CONTRADICTING state-
ments made by Bahamas Union
of Teachers officials last week,
union president Ida Poitier-
Turnquest yesterday said that
the BUT does not want police
to be re-stationed at public
schools.
"Our policy here is that we
do not believe in having police
on campus. When I speak I
speak for the entire executive
committee and the teachers of
the Bahamas," the union presi-
dent said at a press conference
yesterday.
Last week, BUT secretary-
general Belinda Wilson who
also attended yesterday's press
conference addressed the
press on matters of school secu-
rity, demanding that uniformed
officers be reassigned to the
schools.
However, union president
Mrs Poitier-Turnquest yester-
day emphasised that while anv-
one can speak about the BUT,
as president she is the only per-
son who legitimately speaks on
behalf of the BUT.
The BUT president yester-
day also called for legislation to
be enforced which will make
parents liable for the behaviour
of their children.
SEE page nine


Man claims police Defence Force Fisherman is
near to closing rescued from
officer beat him death probe disabled boat


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
A MAN is calling for justice
after he was allegedly beaten
by a police constable against
whom he had lodged a com-
plaint.
Kendall Nesbiti Snr, aged 45,
claims he was left with bruises
to his body and face and a
bloodied eye,after the incident
on Saturday which followed the
lodging of a complaint about
other "harassment" incidents
by the officer earlier in the
week.
SEE page 10


Tr A
,<-/-, -',
v 14,--


* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
THE Defence Force investi-
gation into the death of 78-year-
old Gladstone "German" Fer-
guson, who was killed when a
his vessel was struck by a
Defence Force patrol boat, is in
"its final stages".
Force Chief Petty Officer
Ralph McKinney confirmed the
status of the investigation yes-
terday to The Tribune, stating
that the final report will soon be
in the hands of the commandant
of the Force.
SEE page 10


* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT The missing
fisherman from Grand Cay.
Abaco, was rescued from his
disabled vessel during a second
search and rescue mission
launched by BASRA over the
weekend.
According to BASRA
spokesman Capt d'Von
Archer, director of public
relations, the vessel "MNary D"
was spotted some 1"4 miles
NNE of Memory Rock on
Saturday.
SEE page nine


WE'VE GOT

WILSONART
LAMINATED FLOORING WkIo A'H df 4 VF
LAMINAt FOR COUMONf4ITOP & /CAMIN
GIBRALTAR SOLID SURFACING
MtIAs CAWff IW01S NAI & L-& W


SFor a limited time


show


.Most lifers 'abandoned' by

lack of minimum term


I


i.. '.
t; i-:


II I 'I II 'I I I II 'i I ''' '' ~ I i I ~ I I II .!!~ I ''~ '`''" :"


-1


I













Legal staff report being warned not to



speak to press after article on courts


Publication of lawyer's concern prompts unrest






1~~~~ 1/JjP lli


': ~ .:.. C~I~' '.:.,', -~ ..








$99






KEY PA VB XEYPEATURI6
cam 4,MA CAra-meS, MSMEms,
v ir~ o








SPEIAL
Phon,, ,"'1 9 Mr Cr~mmY c














140yAYSWMNMOKY
... O;o".,, ... .- -i'
m ,P;i m lm~


Ka,...i ~ ,ECIUE :' .,



ik.-: ~ ~,, .j..'. .',.
2nd;m" ".. tsMSI4 ;"'., -er *I .. ,.
oae"o~r~odA~- "' 1!9'nm~,SiJ~d ":1 ~
~w i;~per~~i~`~ierisiid Jecim wrrS Me .'-:. '"::ii--;~


.e ;.. :, :


-~~ ~ -., ., ',, :,. ,
.- , : ., .,- , -. " 'y _


Growing dynamic company is seeking financial controller.
Well established distributor and retail organization.
The successful applicant should have the following requirements:
Bachelor's degree in finance or equivalent
CPA preferred not required,
Extensive knowledge of CCPA C and EXCEL
Knowledge of WORD, OUTLOOK an d POWER POINT
Skills:
Applicant must be deadline oriented, exceptional communication skills working with a wide range
of clients. Detailed oriented. Must be able to; Prepare financial statements, accts pay reports.
accts rec reports, analyze data. Prepare budgets, etc.
Will work closely with owner and management.
Salary offered along with benefits based on qualifications and experience.
Qualified persons are asked to fax a copy of their resume before October 1, 2007 to 242-394-6706


* By CALVIN FORBES
FREEPORT Employees at
the Garnet Levarity Justice
Centre have allegedly been told
by a supervisor not to speak
with journalists following a
hard-hitting article two weeks
ago.
On Monday, September 10,
The Tribune published a story
under the headline 'Justice at a
Standstill', in which a promi-
nent lawyer who wished to have
his identity withheld lashed out
at the administration of justice
in Freeport.
He claimed that there are not
being sufficient magistrates to
sit in the four Magistrate's
Courts, and that there is only
one justice sitting for the
Supreme Court of the northern
region of the Bahamas.
On Monday, when a journal-
ist visited the Justice Centre, he
was told by an employee that
he "would no longer be wel-
comed at the various offices in
the same friendly capacity as in
the past."
The employee said that a staff
meeting took place not long
after the article was published,
and that at the meeting employ-
ees were told: "Someone on the
inside has been leaking infor-
mation to the press."
"I am sorry to tell you that


we can no longer deal with you
in the same friendly way as in
the past because they are accus-
ing us of leaking information to
reporters.
"You cannot even talk to the
(employees) over on the
Supreme Court side, and we
over here on the magistrate's
court side must be careful how
we associate with you or any
other reporter for that matter,"
the source said.
She made it clear that while
the members of the staff have
"nothing personal against mem-


bers of the press" they felt that
compelled to follow instruc-
tions.
"We can only assist you if the
matter of a business nature,"
the source said.
The Tribune attempted to
contact Chief Justice Sir Bur-
ton Hall for comment on the
issue late yesterday afternoon,
but a Supreme Court employee
said everyone from Sir Burton's
office had left for the day.
Calls to Attorney Genera]
Claire Hepburn were not
returned up to press time.


Diaspora conference to be held

in Bahamas for the first time


THE Third Annual Interna-
tional African Diaspora Her-
itage Trail Conference will be
held at the Atlantis Resort, it
was announced yesterday.
The event will take place
from October 10 to 14, accord-
ing to the Ministry of Tourism,
and will mark the first time that
the conference is being held
outside of Bermuda.
"The African Diaspora Her-
itage Trail Conference provides
a forum for a diverse gathering
of interested, talented and expe-
rienced persons from through-
out the African Diaspora who
are committed to authentic
research, documentation, pro-
motion and further develop-
ment of African Heritage
sites/venues, museums, monu-
ments and cultural expressions,"
said the ministry in a statement.
Dr Davidson Hepburn. co-
chair of the event along with
actor Danny Glover, said that
"the benefits to be gained from
attendance at the conference
cannot be measured solely in
monetary terms but must be
evaluated in the context of a
national search for the identi-
fication of a deeper apprecia-
tion for the importance that her-
itage and culture play in the
preservation of our identity.


FOR ALL YOUR DECORATING
"Lowest Prices On The Island"


STORE HOUR:
Monday-Saturday- 8:30am- 5:30pn


IJ:JJJi U A R E B. M.i, MM.. i,. TMi U BOTeI:


E-Z CREDIT TERMS AVAILABLE


Donatd's fFurniture


AndAppliance Centre
SIXTH TERRACE CENTREVILLE TEL: 322-1731 OR 322-3875


"The search for our roots
have implications far beyond
our personal lineage that
involve how we define ourselves
and how we develop this impor-
tant aspect of our heritage
tourism product."
The ADHT was founded
three years ago by the govern-
ment of Bermuda as a trans-
national heritage tourism ini-
tiative to educate visitors,
enhance economic viability of
African Diaspora countries and
communities and conserve the
essence of African descent, cul-
ture and history.
The ministry's statement said:
"In hosting this year's confer-
ence the Bahamas seeks to fos-
ter and provide inspiring edu-
cational experiences, produce
quality cultural heritage prod-
ucts that expose visitors to
authentic African Diaspora his-
tory and culture and motivate
participants to become active
participants in the preservation
and dissemination of their own
history and culture."
ADHT also seeks to estab-
lish a trans-national African
Diaspora Heritage Trail, link-
ing Diaspora countries and
venues throughout the world.
During the conference the

OPICI A I

EXERIAIR


acclaimed Amistad America Inc
exposition, chronicling the fight
of a group of Africans against
enslavement, will be on display.
.Speakers will discuss new
directions in heritage trail
tourism, preserving the legacy
of African Diaspora religious
institutions in the struggle for
freedom and justice; and iden-
tifying entrepreneurship oppor-
tunities in heritage destination
development.
Attendees will have the
opportunity to participate in
trips to Cat Island, Exuma and
Eleuthera to view the develop-
ment of authentic Bahamian
heritage trails.


* FLORIDA
Play 4: 4-3-8-2,
Cash 3: 1-6-2
* ILLINOIS
Midday Pick 3: 3-3-0
Midday Pick 4:1-1-7-1
Evening Pick 3
(Sunday): 2-9-8
Evening Pick 4
(Sunday): 2-2-6-4
* NEW YORK
Numbers Midday: 8-1-4
Win 4 Midday: 9-8-1-2
Numbers Evening: 6-4-1
Win 4 Evening: 6-0-7-1


The Home Store

To all of our loyal customers
We have closed our Sandyport
location and have relocated to
Caves Village.
We will open 1st October, 2007
Our one day

Blowout Opening Sale!

6th October, 2007

50-75% off selected items
our numbers have
remained the Same.
327-1132
Come in and see.


PAGE 2, TUESDAY, SEPTEMBER 25, 2007


THE TRIBUNE










I OCALNEWS


@In brief

Man faces
charge of
marijuana
possession
A 23-YEAR-OLD man
was arraigned in Magistrate's
Court yesterday on a mari-
juana possession charge.
According to court dock-
ets, it is alleged that Oldrick
Eric Farrington was found on
Wednesday September 19 in
possession of a quantity of
marijuana which authorities
believed he intended to sup-
ply to another.
According to the prosecu-
tion, Farrington was alleged-
ly found in possession of 26
foil wraps containing 20
grams of marijuana.
Farrington, who was
arraigned before Magistrate
Carolita Bethel at court eight
in Bank Lane, pleaded not
guilty to the charge.
He was granted bail in the
sum of $7,500.
The case has been
adjourned to April 8, 2008.

Arson is
suspected
after car
catches fire
GRAND BAHAMA-
About 2am on Sunday James
Roker, 37, of Roker Town,
West End, was wakened by
a loud noise that sounded like
an explosion.
He reported to the West
End Police Station that when
he went outside, he saw his
blue 1992 Chevy Cavalier r/n
21810, which was parked in
his driveway, engulfed in
flames.
A fire-fighting crew was
immediately dispatched from
the West End Station. How-
ever, despite the officers'
efforts, they could not save
the vehicle, which was totally
destroyed by the blaze.
Roker informed police that
the vehicle was fully insured.
Arson is suspected and offi-
cers from the Central Detec-
tive Unit is assisting the West
End Fire Sub-Station with
this investigation.



P C t


Christian Council plans to



'intensify' efforts on crime


* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
WITH a murder rate of 55
for the year and several violent
attacks on school campuses, the
Bahamas Christian Council
(BCC) has announced that it
will become more vocal and
pro-active in addressing soci-
etal ills.
"We cannot let things go
unaddressed and as the spiritu-
al gatekeepers in our country
we hope that we have some-
thing tangible to give," presi-
dent of the BCC and overseer
of the Church of God Bishop
John Humes told The Tribune
yesterday.
While most churches already
have programmes in place to
assist in building better com-
munities, Bishop Humes said
this effort will be intensified in
future.
"We're going to go to (the
people) now, we're going to
take a pro-active approach now.
We're going to go to the com-
munity and offer assistance
where possible.
"We will be vocal on that and
make sure that everyone is


respected as is laid out in our
constitution and the law," he
said.
The bishop explained that the
BCC has become very con-
cerned about the high number
of crimes being committed in
the Bahamas-, especially violent
crimes against women.
Due to this concern, he said,
the Christian Council will be
lending particular support to
the Crisis Centre headed by Dr


Sandra Dean-Patterson.
"We just can't sit by and let
things go, especially as it relates
to the atmosphere in our coun-
try where you have this rage
and anger. People are not
resolving conflicts in the man-
ner that they should be.
"Our young people have no
regard for the law or for the
lord and that is not good for
building a nation," Bishop
Humes said.
The BCC is expected to meet
for this first time after its sum-
mer break this morning to dis-
cuss issues which are of concern
to the country.
In addition to talks about
crime and problems of the
Bahamian youth, the Council
will also be addressing the so-
called "gay agenda."
Bishop Humes said that there
has been a lot of interest among
members of the BCC about the
request to have the gay televi-
sion channel LOGO incorpo-
rated into Cable Bahamas' line-
up.
Following the meeting, the
Council will make a public
statement regarding the issues
which were discussed, the bish-
op said.


Fabulous Ne
Designer
Swimwear &
Accessories
by.

e ,X


of Spain

CM-





'0
-.N.
* P .JM~


; mil



~ ~'
by ^


Established in 1956 by an old Bahamian family
Parliament Street (near Bay St.) Tel: 322-8393 or 328-7157
*Fax: 326-9953
Crystal Court at Atlantis, Paradise Island Tel: 363-4161/2
S Harbour Green Shops at Lyford Cay
(next to Lyford Cay Real Estate) Tel: 362-5235


I


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
THE UNITED States Coast
Guard is searching for four of
six American boaters whose
fishing vessel was found Sun-
day near Cay Sal in the
Bahamas, 100 miles south of
their destination, according to
international reports. Two of
the boaters were rescued on a
life raft off Anguilla Cay. They
are assisting in the search for
the other four.
A press release, posted on
the US Coast Guard's web-
site, said that the 47-foot ves-
sel, "Joe Cool", left Miami on
its way to Bimini on Satur-
day. The six boaters on board
were reported missing by
family members when they
failed to return to port in the
Miami Beach Marina that
evening.


The statement also reported
that the Global Positioning Sys-.
tem on board the "Joe Cool"
made several erratic move-
ments and began heading south
about halfway into their voy-
age.
Defence Force Chief Petty
Officer Ralph McKinney told
The Tribune in a telephone
interview that the US Coast
Guard found the missing ves-
sel at 10.05 Sunday evening and
US authorities contacted the
Defence Force seeking addi-
tional manpower to assist with
the search.
The two rescued boaters,
identified as Guillermo Zarabo-
zo and Kirby Archer, were
reportedly rescued by an HH-65
Dolphin helicopter and are cur-
rently assisting authorities with
their investigation.
Officer McKinney added that
two of the boaters were found
on a life raft 11 miles SW of


Anguilla Cay, an area close to
Cay Sal, however the where-
abouts of the four remaining
boaters were unknown up to
press time.
The Coast Guard's website
lists the missing boaters as Jake
Branam, captain of the "Joe
Cool", and his crew, Kelly
Branam, Scott Campbell and
Sammy Cary.


0


BUY 2 YARDS








I SAL


1E SALE AOF
UPOSTR

6~ DRPEY


SALE
AT REGULAR PRICE & GET THE 3RD
ONE FOR I t!!
LINEN COTTON
LAMOUR SILK 2, off
BROADES CHIFFON .
BRIDAL ve
SPECIAL OCCASION
TROPICAL FABRICS 1 O off
SMALL DRAPERY FABRICS BAHAMAS BATIK &
ALL COTTON PRINTS BAHAMAS ALLOVER
SALL JACQUARDS, BROCADES
NET ITEMS NOT INCLUDED IN SALE Vinyl, Plastic, Felt, Net & Tulle
NOT on SALE
r BOTH Madeira & Robinson Rd. Stores


.0


n e i rats& Ins irionMe


SSept.19-Oct.03


Pi-h


Four American boaters still

missing after boat discovered


The Partners and Staff of:

GLINTON I SWEEPING I O'BRIEN

COUNSEL & ATTORNEYS-AT-LAW

are pleased to announce that

DARELL M. TAYLOR


has joined the firm as an Associate Attorney. Ms. Taylor brings to our firm her

experience as a former litigator and commercial attorney of both the Offices

of the Attorney General and the Securities Commission of The Bahamas. We

look forward to her strengthening our team and enhancing our ability to

provide clients' with efficient and effective legal services.


I


a


I


TUESDAY, SEPTEMBER 25, 2007, PAGE 3


THE TRIBUNE


2 1 1 1 1 1


L.. 4"-A


~Fd~









g


0


I


VNI









THE TRIBUNE


PAGE 4. TUESDAY, SEPTEMBER 25, 2007


EDITO I*U:1 S =O T ED I TOR


The Tribune Limited
NULLIUS ADDICTS JURARE IN VERBA MA GIS '/t I
Being Bound to Swear to The Dogmas of No Master

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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.
Publisher/Editor 19-2-

.Published Daily Monday to Saturday

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986


Bloggers and scribblers beware


THERE IS A LOT OF chatter about the
location of websites in an attempt to evade the
law of defamation.
It is said that at least one website that we all
know well has its domicile in the United States.
It is claimed that the location of the site was
chosen because in American law it is almost
impossible to defame the character of a public
figure unless genuine malice can be proven.
The belief is that because these vicious and
scurrilous comments originate from a web site
in the US, the perpetrator would have to be
tried in a US jurisdiction, where defamation
laws are not nearly as strict as our own. This is
the argument, although we think it would fail
even in the US because it would not be difficult
to prove vicious malice in much of what is trans-
mitted on many of today's local web sites.
Other sites have been set up in Europe and
bounced all over the world in the hopes of
achieving the same end.
This might or might not succeed.
It is a pity that the case that the late Sir
Lynden Pindling brought in Toronto against
NBC, an American television station, did not go
to the Canadian courts because if it had it would
have gone a long way in setting a precedent in
helping to settle these present arguments.
In that case Sir Lynden thought he could sue
NBC in the Canadian courts because, although
the programme that had accused him originat-
ed in the United States, the information about
him and the drug trafficking during his admin-
istration in.the Bahamas, was also broadcast in
Canada. And, of course, each time a broad-
cast is repeated it is a new publication, and a
separate libel before the courts.
Sir Lynden knew that as a public figure, it was
virtually impossible for him to get a judgment
for defamation in an American court. Howev-
er, he decided to test the law in Canada to
which country the NBC programming had been
transmitted as it is to the Bahamas everytime
we turn on our television and tune in to a for-
eign station.
It is unfortunate that Sir Lynden's financial
backers advised him to drop the case, which
only got as far as both sides meeting behind
closed doors for what is known as a "fishing
expedition" to try to discover how much evi-
dence either side had.
Such a case would have been a first in decid-
ing the transferring of information from one
jurisdiction to another, and whether liability
for the spoken word would be protected by
the laws of its country of origin, or on republi-
cation in a new jurisdiction by the laws of a
secondary country. In other words could lia-
bility for the US programmes be judged by the
laws of whichever jurisdiction a listener hap-
pened to be located when he switched on his
TV.
It is a fascinating body of law, which in our


opinion hinges on publication, which is an
essential in defamation. We think that Sir Lyn-
den was on to something, but, after the "fishing
expedition" his backers were not willing to go
forward.
We recall the 1982/3 case of the Bank of
Nova Scotia, located in Nassau, but in hot water
in the US for failing to surrender subpoenaed
documents on the grounds that to do so would
violate banking secrecy laws.
A federal grand jury had asked for records
maintained at the bank's main branch. or its
offices in the Bahamas and Antigua, in con-
nection with a tax and narcotics investigation.
The bank refused to produce the.records of
its customer, arguing that compliance in the
subpoena without the customer's consent or
an order from a Bahamas court would violate
Bahamian banking secrecy laws.
The US Supremd Court ordered that if the
records were not turned over by a certain date
the bank would have to pay a $25,000 a day
fine. The bank was already paying a $500 a day
fine when the ruling was handed down. Failing
to exert pressure in the Bahamas, the courts
turned its attention to Nova Scotia's US branch,
where the daily fine could be enforced. This
set Nova Scotia in a panic and all other local
bank managers with US affiliates broke out in
a cold sweat.
Paul Adderley, then attorney general, said
that since the "branch in the US and the branch
in the Bahamas is owned by the Bank in Nova
Scotia in Canada, without any justification in
law, the officer and the Bank of Nova Scotia
Canada were being held up as judicial hostages:
pawns in the game called.right is might "
Mr Adderley claimed that aitnougtn caitu
dian law was not violated 'Bahanuan law and
sovereignty had been consciously and detiber-
ately violated."
To avoid Bahamian law, it is understood that
the local branch eventually sent its client's
account to its head office in Toronto. It is believed
they were released to the US courts from there.
Following this precedent damages for
defamation can be collected from a web site
owner, regardless of where his site might be
located, if he has tangible assets in the Bahamas
from which to collect.
And if publication to a third party is an
essential criterion for libel, then like flicking
on the TV switch everytime someone in the
Bahamas logs onto a website, the defamation is
published in the Bahamas and within the juris-
diction of our courts.
It is all an interesting proposition. But, these
"scribblers" and "bloggers" who are bent on
spreading vicious lies and twisting facts par-
ticularly in the political arena might wake up
one bright morning to find that they are not as
secure in their mischief as they thought they
were.


Albany deal




should not have




been signed


EDITOR, The Tribune

DURING recent town meet-
ings, both government and
developer stated that private
property would have to be
acquired to facilitate the road
diversion and coast road acqui-
sition requested by the Albany
developers. Some ot these dis-
cussions were broadcast on tele-
vision and are a matter of pub-
lic record.
In addition, Clause 9.9 of the
Albany Heads of Agreement
states:
"The government shall forth-
with after the execution of these
Heads of Agreement com-
mence the acquisition process
in relation to the Acquisition
Properties and the Extension
Acquisition Properties, in
Accordance with the Acquisi-
tion of Land Act Chapter 252
Revised Statute Law of The
Bahamas 2000. The cost for the
said acquisition shall be the
responsibility of Park Ridge."
The Albany Heads of Agree-
nent was purportedly signed
on November 9. 2006 between
the Government of The
Bahamas and Park Ridge Secu-
rities Corp. It states that the
Principals of Park Ridge include
the Tavistock Group. Tiger
Woods and Ernie Els.
The "Acquisition Properties"
and "Extension Acquisition
Properties" refer to properties
that have to be acquired so that
Albany can divert the existing
coast road for their develop-
ment, a proposal that was
strongly opposed by tue public
during town meetings. Albany
plans to incorporate the coast
road into the private develop-
ment and sell property ranging
from $2-million to $20-million.
Not uniy does it appear ftom


the Heads of Agreement that
the developer is paying the gov-
ernment to ACQUIRE prop-
erty for the benefit of the devel-
oper, it also appears that most
of the agreement is subject to
the government using the
Acquisition of Land Act to
acquire private property.
For example, Section 1
(developer's obligations), Sec-
tion 2 (developer's social
responsibilities) and Section 3
(developer's enhancements to
Adelaide Village) each includes
a clause stating that Park
Ridge's obligations are subject
to government's acquisition of
properties as outlined in the
agreement.
In a recent letter to the press
I wrote:
"If government acquires pri-
vate property from Bahamians
to facilitate the private devel-
oper,- not only will they break
trust with the Bahamian peo-
ple, they will also set a prece-
dent that any government can
take any private property any-
where in the country for a pri-
vate developer at anytime for
any purpose."
"Not only could the prece-
dent discredit the country, it
could destabilize the entire con-
cept of private property own-
ership and put the country in a
death spiral of acquisitions of
private property by developers
and/or unscrupulous future gov-
ernments that could use such a
precedent to take property from
Bahamians."
"If this precedent is set, it
clears the way for government


to make a mockery of property
ownership in The Bahamas by
taking private property for the
benefit of a developer."
It now appears that the entire
Albany Heads of Agreement is
structured around clauses that
require government to acquire
private property for the benefit
of the developer, with the devel-
oper funding the acquisitions.
It also appears that the prop-
erty acquisitions are not for the
public good but for the exclu-
sive benefit of Albany, and that
the intention of the agreement
is to use government to acquire
private property for the benefit
of the developer.
It is therefore my view that
the agreement should not have
been signed with the property
acquisition clauses as they set
a dangerous precedent that
undermines the principles of
freedom and private property-
ownership in The Bahamas.
In the interest of the public
good, I suggest that the land
acquisition and road diversion
clauses should be removed from
the Albany Heads of. Agree-
ment, and any other Heads of
Agreement with similar clauses.
I would also urge govern-
ment to deal with this matter
quickly before it is reported
worldwide that prominent
international sports personali-
ties may be party, possibly
unknowingly, to an agreement
invoking eminent domain/
expropriation of private prop-
erty in The Bahamas. A story
of this nature could cause con-
siderable damage to the repu-
tation of The Bahamas as a sta-
ble place to invest.

ETIENNE DUPUCH III
Nassau
September 24 2007


It's high timwee took a


grip on crime situation


EDITOR, The Tribune

I RECENTLY returned from
Vancouver, Canada where my
son.is attending university.
While we were there, local
TV reported a shooting incident
in which eight people were shot,
two of whom died the inci-
dent, it was revealed, was gang
related and occurred in China-
town in the wee hours of the
morning.
Nonetheless the city was
shocked and it was duly noted
that this incident brought to 10
the number of homicides in
Vancouver for the year. This in
a city with a population of some


2.1 million (according to
Wikipedia.com). While this was
generally felt to be unaccept-
able it was still lower than the
number of homicides compared
to last year at this time.
The very next day I flew
home to Nassau and The Tri-
bune.headline was "Bahamas
records 51st murder of the
year!"
It is now some three weeks
later and yesterday's headline
was "55 Murders for the year!"
During this same three-week
period I have had my laptop
computer stolen and in another
incident my daughter caught a
robber attempting to steal our


lawnmower from our basement
in the middle of the day!
We are clearly out of control.
If Rudy Giulani can clean up
New York, surely we can get a
grip on crime in our small
nation.
The answer is simple. Start
enforcing the basic laws such as
littering, running red lights,
speeding, parking infractions,
etc... and society will under-
stand that the police are seri-
ous.
Welcome home!

KEN CHAPLIN
Nassau
September 2007


csb consultants limited


cab consultants limited is a Bahamian engineering consultancy firm which specializes in the
disciplines of Civil, Structural, Marina. and Environmental Engineering. We are currently in
the process of looking for applicants to join our professional team in the following positions:

CIVIL ENGINEER
Requirements:
* Bachelor Degree in the field of Civil Engineering.
* 3-5 years experiences in Civil Engineering and Construction related fields.
* At minimum, an Engineer Intern on an established track to being registered with
Bahamas Professional Engineers' Board or with a recognized international licensing
body.
* Experience in the design of Subdivisions, Roads, Drainage and Water and Sewerage
Systems.
* Ability to use engineering software such as Auto CAD 2004, Autodesk Land Desktop
2006, Advanced Microsoft Excel, and engineering computations software such as
Matlab.
* Proficient in implementing site quality assurance measures and overseeing site
supervision.

ENGINEERING TECHNICIAN/DRAFTSMAN
Requirements:
Associates Degree in Civil Technology or Technical Drafting Qualifications.
1-2 years experience with structural drafting of construction documents.
Working knowledge of the AutoCAD software.
Autodesk Land Desktop 2006 experience is a plus.
SCapable of drafting and creation of construction documents.
Capable of assisting engineers on site with supervision and management duties.

Candidates should be hard working and be able to handle a number of projects
simultaneously. cab consultants limited is a team orientated company, and potential
employees should be capable of adapting to this philosophy.

All interested candidates should email there resumes to:
jodieficsbconsultantslimited.com with SUBJECT: Civil Engineer OR. Eng.Tech.
OR fax to: (242) 325-7209 ATTN: Ms. Jodie Webb


BRING YOUR OLD VEHICLE TO TRADE SO YOU CAN UPGRADE!!!


I








THE TRIBUNE


TUESDAY, SEPTEMBER 25, 2007, PAGI 5


LOCALNWI


OIn brief

18-year-old
still critical
following
shark attack


Chamber of Commerce seeks



to establish ties with Haiti


FREEPORT Chief
Superintendent Basil Rah-
ming said that as of 4.45pm
yesterday doctors at Rand
Memorial Hospital reported
that 18-year-old Bernard
Hield of Grand Cay, Abaco,
who was attacked and bitten
by a shark on Sunday, is
"very ill."
The teenager was diving
off Grand Cay on Sunday
when around noon he was
bitten on his left arm by a
shark.
He was rushed to a clinic
in Abaco for emergency
treatment, but because of the
seriousness of his injury was
airlifted to Rand Memorial
Hospital in Freeport where
he remains in the Intensive
Care unit.- On Sunday doc-
tors did not know whether
they could save his arm.

Doctor in
fraud probe
accused in
infant death
N PUERTO RICO
San Juan
A SCANDAL over doc-
tors obtaining medical licens-
es through fraud took a dead-
ly turn when one of the sus-
pects was accused in a law-
suit of misdiagnosing an infant
who died of dengue fever,
according to Associated Press.
Dr Richard Pietri Sepul-
veda, one of 88 doctors
indicted last month in a fed-
eral probe of fake medical
credentials, misdiagnosed 14-
month-old Yadriel Yadid
Gonzalez Baez in September
2006, according to a lawsuit
filed Thursday by his parents.
Federal grand jury indict-
ments allege that members
of the island's medical licens-
ing board recycled old, pass-
ing exams under the name of
the failed candidates between
2001 and 2005.


PORT-AU-PRINCE The
Republic of Haiti, the first
Caribbean nation to achieve inde-
pendence in 1804, is ready for a
rebirth according to the Bahamas.
Chamber of Commerce.
Chamber members said Haiti
now has a chance to rebuild its
economy with the help of the
Bahamas.
"This can be accomplished
through a sustained trade
arrangement between both
countries, an idea 10 years in
the making," said the chamber
in a statement issued yesterday.
Forming such ties was the
purpose of a four-day fact find-
ing mission organized by the
Bahamas Chamber of Com-
merce, the Chamber of Com-
merce and Industry of Haiti,
and the Centre for Investment
Facilitations (CFI).
Since Sunday, September 23,
a group of chamber members
has been meeting with prospec-
tive partners and touring vari-
ous businesses to examine pos-
sible trade arrangements aimed
at boosting both economies,
particularly Haiti's.
The mission ends on Thurs-
day, September 27.
The Bahamas is represented
in the areas of tourism, fisheries,
construction, financial services,
agriculture, technology, souvenir
manufacturing, textiles, clothing,
and other general services.
The Chamber of Commerce
is represented by its president
Dionisio D'Aguillar, executive
director Philip Simon and a past
president Winston Rolle.
The chamber said it is opti-
mistic that the negative percep-
tion of the island nation can
change through sustained trad-
ing, which in turn would keep
Haitians at home instead of risk-
ing their lives on the high seas in
search of a better way of life.
"The feeling is that Haiti can
learn from The Bahamas' exper-
tise in tourism and services; and
also build partnerships in
agribusiness, heritage tourism,
small hotels development and
other areas," said the statement.
At a press conference held in


the VIP lounge of the Toussaint
Louverture International Air-
port, Mr D'Aguillar said the
Bahamas' decision to invest in
Haiti stems from the fact that a
reported 50,000 Haitians live in
the Bahamas, resulting in very
close ties being formed.
He also noted that the
Bahamas spends millions of dol-
lars on exports from Haiti.
However, once a shipment of
mangoes and avocadoes leaves
Haiti, it goes to Miami, and then


is shipped to the Bahamas and
sold for $4 each.
Ways to package the abun-
dance in mangoes were dis-
cussed, as 56 per cent of the
fruit rots on the streets.
"Haiti is very much an emerg-
ing market in the sense that
your government is perceived
to be stable and things are
falling into place to make Haiti
a very attractive place to invest
in," Mr. D'Aguillar said.
The Bahamas Chamber of


PICTURED IN the VIP Lounge of the Toussaint Louverture
International Airport, are Dr Eugene Newry, Bahamas Ambassador
to the Republic of Haiti; Dionisio D'Aguillar, president, Bahamas
Chamber of Commerce; and Ambassador Guy Lamothe of the
Centre for Investment Facilitators of Haiti

I'


A SYMBOL of freedom in Haiti, the island nation which gained
independence on January 1, 1804, by defeating the French military


Commerce plans to form similar
arrangements with Panama, the
Dominican Republic and Brazil.
"The time has come to do
business in a structured and
organised manner," said Frantz
Marceau Louis, international
consultant in project develop-
ment and management.
He suggested that this can be


done by developing an efficient
transport service to facilitate
the transshipment of goods to
the Bahamas.
. "In tourism, Haiti has not had
the vibrant industry as it would
like to have. But Haiti has the
historical wealth which can turn
over the minds of investors,"
Mr Louis said.


........ : -From
WEATHER
SRetractable awnhig for
patios and decks
SHigh-quality, custom-made in
a 100 colours and patterns
Also custom-made aluminium
patio roofs, rooms and car
ports.

:Don Stainton wa n
4 (Protecdion) Limited
-4 ...:


2007DA HATSU


2OO7//-r


[JqJ~~JJL


a-
DAIHATSU


Window Van
& Panel Van
(not shown)
* Automatic
transmission
* Air conditioning
* Power steering
* Radio/cassette
player
* 3 cylinder 659cc


S. Standard transmission
S* Air conditioning
Radio

, -^ ----.--*^^"m1


:map
'"Wr.S*
ZSllp
'emffi~:


2 year/24,000-mile factory warranty.


EXECUTIVE
MOTORS LTD

.AUTHORISED DAIH.\TSU DEALER


Auto Mall. Shirley Street i,.i'r si
Open Mon to Fri ,nan 5:30pm
Sat Sam 12noon
Tel: 397-1700
E-mall: execmotor@batelnet.bs
Parts and service guaranteed


N (.1111~ hli

cb~


Available in Grand Bahama at Quality Auto Sales (Freeport) Queens Hwy, 352-6122 Abaco Motor Mall, Don MacKay Blvd, 367-2916


YOUR CONNECTIONFO THE WORLD


THE BAHAMAS
TELECOMMUNICATIONS COMPANY,
LIMITED (BTC)


GOVERNMENT NOTICE

Invitation for Proposals


The Bahamas Telecommunications Company Limited (BTC)
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.com.

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. 0. 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.


.. e' saay toIV<









THE TRIBUNE


PAGE 6, TUESDAY, SEPTEMBER 25, 2007


Concern over lionfish


grows on Eleuthera


DEEP Creek, Eleuthera -
Concern over the presence ot
lionfish in the Bahamas contin-
ues to grow. as experts on a third'
island have spoken out about the
dangers posed by the creature
Researchers at the Cape
Eleuthera Institute say that the
problem is not just being seen
around New Providence and
Grand Bahama.
"Over the last two years we
have been seeing an increase in


the number of lionfish from
north to south," said marine sci-
entist Dr Andy Danylchuk.
He suggested they may have
crossed over from Florida to the
Bahamas when category-five
Hurricane Wilma took that
route in Octobel 2005
A team from the Agricultur
al and Industrial Corporation
(BAIC) headed by chairman
Edison Key toured the Institute
and its sister the Island School


during a weekend visit to South
leCluthera.
Notable for their stunning
fins and spines the colourful
liontish are generally covered
in red, brown, orange. yellow.
black and white stripes.
These voracious predators are
venomous. When hunting, they
corner food using their large fins
And, with lightning quick reflex
es, swallow the prey whole.
Lionfish have no known nat


A pitntment
Mr. William B. Sands, Jr., President & CEO of Commonwealth
Bank is pleased to announce the following appointment

Effective September 12th, 2007
Ms. Adderley joins Commonwealth Bank with over 14 years
experience in Training, having served most recently in the capacity
of Chief Training Officer for the Department of Public Service.
She was awarded Employee of The Year 2006 tor the training
Unit.

Ms, Adderley holds a Masters ot Science Degree in Human
Resources Developmeni aild Adrninistratiu tron Barry
c University, Miami, iorida and a Bachelor o0 Arts Degree in
Psychology with a minor in Business Administration and
Economics from Trinity International University.

She is the immediate Past Area 60 Governor ot luastmaster
International and Past President of Club 6796. She. currently
serves as Assistant Division Governor of Marketing and
Educational Vice President for Club 6796. She holds the highest
distinction of Distinguished Toastmaster. She also serves on the
Ms. Margo Adderley Bahamas Primary School Student of the Year board of
Directors as Vice President of Administration and Secretary
Manager, Training & Development and is a member of Alpha Kappa Alpha Sorority, Inc


www.combankltd.com


EXTRA, EXTRA, EXTRA,


Large Shipment of Used Cars


N STOCK


COME CHECK US OUT


New Shipments Arrived


Hurry, Hurry, Hurry and


Get Your First Choice


For Easy Financing


Bank And Insurance


On Premises

Check Our Prices

Before buying


Bahamas Bus & Truck



Call:


ural predators in Bahamian
waters and experts Ifar they will
threaten marine resources
because of their practice of eat-
ing juvenile fish.
The Cape Eleuthera Institute
is focused on research (marine
and terrestrial) and sustainable
systems designs.
During a university course at
the institute in August, Dr
Danylchuk and his team did an
extensive survey on the preva-
lence of lionfish between South
Eleuthera and Governor's Har-
bout
"Predominantly, we looked
at a lot of the major tourist
beaches, places where tourist
may be encountering them,
because they are quite danger-
ous." he said. "We are seeing a
rapid increase in their numbers."
He noted that lionfish are
found in the waters of nearby
Florida. After Hurricane
Wilma, which came from west
over Florida to east across the
Bahamas, "we saw a lot of dif-
ferent species we had not seen
in the Bahamas for a while.
"It is reasonable to believe that
some of the lionfish made it over


BAIC CHAIRMAN Edison Key (right) views cobia grown at the Cape
Eleuthera Institute. Dr Andy Danylchuk is centre and BAIC Handicraft
Development and Marketing manager Donnalee Bowe at left.


BAIC CHAIRMAN Edison Key fields questions from students of the
Island School, South Eleuthera


to the waters of the Bahamas at
that time," said Dr Danylchuk.


Presenting

"Put on More Speed

A Bahamian Journey to

Majority Rule & Sovereignty"

by Sir Clement T. Maynard

Chapter One Bookstore,

Oaksfield

Book Signing

Saturday September 29, 2007


Time: 11am- 2:30pm


"A bonefish that was tagged in
the Florida cays was found oft
Andros after Wilma.
"We need to get some genet
ic samples of the lionfish in the
Bahamas and then we can detei
mine who their parents are."
An examination of the stom
ach of several captured lionfish
revealed that they are feeding
on fish that are important to the
Bahamian economy including
grouper, he said.
"Lionfish have no natural
predators in Bahamian waters
said Dr Danylchuk. "The
Bahamian fish populations do
not even recognize lionfish as
predators.
"And since they are natural
predators in Bahamian waters,
you have a lot of fish that don't
recognize them as a predator
and that's a serious problem.'
A local fisherman learned the
hard way this summer. "It was a
really bad incident," Dr
Danylchuk recalled. "This fish
erman came in, his hands swollen,
and he was doubled over in pain.
We gave him medical attention
"I said, 'What happened'? Hte
said 'There was this pretty fish
and I touched it."'
Lionfish, once established.
are likely to be around for a
while, Dr Danylchuck said.
"Right now, we're never going
to get rid of them," he said. "Once
an invasive species like that is here
... it is going to be hard."
He suggested examining the
animal's habitat "to see whether
there are certain parts of then:
life stage we can interrupt. But
going out and just killing all the'
adults, you are going to spenu
millions of dollars trying to do
that and in most cases that's not
very successful."
In the meantime, public
awareness campaigns could be
initiated so tourists and fisher
men can understand how dan.
gerous they are, he said.


csb consultants. limited

abs consultants limited is a Bahamian engineering consultancy firm which specializes in the
disciplines of Civil, Structural, Marina' and Environmental Engineering. We are currently in
the process of looking for applicants to join our professional team in the following positions:
STRUCTURAL ENGINEER
Requirements:
* Bachelor Degree in the field of Civil Engineering.
* 4-7 years experiences in Structural Engineering and Construction related fields,
* Registered with The Bahamas Professional Engineers' Board and/or registered as a
Professional Engineer with a recognized international licensing body.
* Strong grasp of concrete, steel and timber structural design methods, and experienced in
producing composite designs and required design calculations with minimal supervision
or guidance.
* Strong command of The Bahamas Building Code and structural codes relevant to
engineering design (i.e. ACI 318 Concrete Code. AISC Steel Codes and AITC Timber
Code etc.).
* Ability to use engineering AutoCAD 2004 drafting software, structural analysis and
design software such as SAP2000, Advanced Microsoft Excel, and engineering
computations software such as Matlab.
* Experience in conducting structural surveys, processing data and producing required
reporting.
* Proficient in implementing site quality assurance measures and overseeing site
supervision.
STRVUCTiURA FIELD TECHNICIAN
Requirements:
Associates Degree in the field of Civil Engineering Technology.
3+ years experience in the Construction field inspecting steel reinforcing installations and
performing quality assurance exercises.
Candidates should be hard working and be able to handle a number of projects
simultaneously. cab consultants limited is a team orientated company, and potential
employees should be capable of adapting to this philosophy.
All interested candidates should email there resumes to:
jodiesi'csbconsultantslimited.com with SUBJECT: Structural Engineer OR Field Tech.
OR fax to: (242) 325-7209 ATTN: Ms. Jodie Webb


U5B COMMONWEALTH
r i P BANK
"Leader in Personal Banking Services"












LOCIANESII


C A Smith named




new ambassador




to Washington


THE Ministry of Foreign
Affairs has announced the
appointment of Cornelius Alvin
Smith as the Bahamas Ambas-
sador Extraordinary and
Plenipotentiary to the United
States of America.
However, his accreditation
date has not been announced
pending the issuing of formal
letters by Queen Elizabeth II.
The ministry said that in the
meantime, the US government
has given "agreement" to Mr
Smith's appointment
He succeeds career civil ser--
vant Joshua Sears, who demit
ted office earlier this year.
The ministry said Rhoda
Jackson continues to act as
Charge d'Affaires at the
Bahamas Embassy in Washing-
ton, D C.
CA Smith, son of the late Syl-
vanues and Susan Smith, was
born at North End, Long Island,
on April 7, 1937.
He received his primary edu-.
cation at Glinton's Public
School, Long Island, and his
secondary education at the
Bahamas Teachers Training
College in Nassau.
He holds a master's degree
in business administration from
the University of Miami.
Mr Smith served as a public
school principal in the Depart-
ment of Education from 1956
to 1964, and as a senior revenue
officer in the Customs Depart-
ment from 1964 to 1967
From 1967 to 1982 he was
employed as a human resource
specialist with Syntex Corpo-
ration, an international chemi-
cal and pharmaceutical compa-
ny.
Mr Smith has been involved
in the leadership to a number of
organizations, including the
Bahamas Junior Chamber
(Jaycees), the Kiwanis Club of
Lucaya, the Grand Bahama
Chamber of Commerce and the
Bahamas Association toi Main-
power Training and Develop-
ment (BAMTAD).


1n recognition of his contri-
bution to the civic life of the
Bahamas he was awarded the
Paul Harris Fellow award by
Rotary International.
As president and CEO of
Smith and Associates. he pro-
vided professional consultancy
services to international corpo-
rations in the areas of man-
power development, employee
training, compensation, beiie-
tits and labour relations
Mr Smith entered from line
politics in the early 1970s and is
a founding member of the Free
National Movement (FNM).
According to the ministry's
statement, he was elected as an
opposition member of parlia-
ment for the Marco City Con-
stituency in 1982.
In 1987 he ran as a candidate
for the Pineridge Coistituency,
and was elected to serve this
onsititutclln. foi foum coISecU-
uve live-year tellls.
From 1982 t( 1992 he served
as opposition spokesman on


education, public safety and
tourism.
He also served as a member
of the blouse select committee
on illicit drug trafficking within
and through the Bahamas and
on the Constituency Boundaries
Commission.
In 1992. when the Free
National Movement won pow-
er. Smith was appointed to
serve in the Cabinet of the
Bahamas.
He served as: minister of edu-
cation (1992-1995). minister of
public safety and immigration
(1993-1997). minister of tourism
(1997-2000) and minister of
transport and local government
(' )1111.2002).
Mi Sinth has also served as
the election campaign co-ordi-
natoi foi the Free National
Movement in its successful bid
to win thi government again in
the 2007 general election.
He is married to the former
Clara Elizabeth Knowles and
the couple has three children.


The Bahamas Hotel Association Invites Applications for the Following:

MANAGER for Grand Bahama and Northern Bahamas


The Bahamas Hotel Association (BHA) seeks a highly competent, motivated
and energetic individual who is interested in making a positive difference in
the quality of our nation's tourism with emphasis on Grand Bahama.

Position Objectives

Responsible for the implementation of BHA-related activities primarily on
Grand Bahama with emphasis on:

Working closely with tourism partners in industry, the Grand Bahama
Island Tourism Board, tht Ministry of Tourism, Government and other
stakeholder, to advance common industry improvement efforts
Engaging hotels and tourism-related businesses in education and
training initiatives
Assisting in the development of sustainable tourism activities directed
at small to mid-sized hotels, marinas and tourism enterprises
Guiding the establishment and management of a STEMM project to
assist with creation of an organization to support the nation's marina
industry
Encouraging industry involvement in recognition programs supporting
excellence, scholarship programs for youth, and other activities aimed
at fostering the development of the hotel and tourism industry

Capabilities

A sound understanding of the tourism industry and its competitive challenges.
Proven self-starter and team player with good management capabilities.
Excellent verbal and written communication skills. Computer literate with
experience in Word, Excel and Powerpoint.

The full-time position offers a competitive salary and benefits. Applications
must be received no later than Wednesday, October 3rd. Applications
should include a resume and cover letter. Applications may be sent
electronically or hand delivered to either of the following:


Bahamas Hotel Association
Attn: Executive Vice President
Hotels Centre, SG Hambros Building
West Bay Street
P.O. Box N-7799
Nassau, Bahamas
Email:BHA@Bahaniashotels.org


Grand Bahama Island Tourism Board
c/o Ministry of Tourism
Attention: James Turner
Fidelity Financial Center
Ehst Mall & Poinciana Drive
P.O. Box F-40650
Freeport. Grand Bahama


. ., .'..,. . i.., _.*. .* '..,
. ", ', -


This is the only thing that we did not change to the new C Class.


.*'*'g 1t
.*.. .. ,' Uw
. -- .. -.... ......,...

N otf .--/ -,S-t=,. ', *. '|J ''-** ..,".'.-^


- U


OMN


-TIUESDAY, SEPTEMBEH 25, 2007, PAGE 7


THE TRIBUNE










Third free legal clinic a success

Crowds flocked to Breezes in Cable Beach on -H ,:
Saturday for the third annual free legal clinic, :
organised by Halsbury Chambers. Members of
the public were able to listen to various
experts speak on a number of subjects, as well
as receive free individual advice from them


*1


Q'-


1 N


I.,,
1
i:~,;. A
"=A /


BTVI'S JULIA Bowleg receives an award from Don Saunders for her
presentation on the value of a technical education


HC CONSULTANT Justice Jeanne Thompson speaks during the free
legal clinic


HALSBURY CHAMBERS senior associates Nerissa Green and Donald
Saunders


Invites Parents and Kids to attend...

Our Annual

Membership Re-Launch

Date: Friday, September 28, 2007
Begins at 6:00 p.m.
(RSVP REQUIRED by Sept. 27)
Learn about our great membership benefits and
participate in a fun filled night with activities,
games and prizes!
Located on the lower level of the Coral Towers.
Call 363-2000 ext. 65946 or 63122 for more information.


Spoil the Kids,

SAVE Money and
Enjoy the Benefits...
...Become a Member


I


r ruc o, I UcrOUM, art- I tlVlbtt-In o, /UU/


THE TRIBUNE


'
''


S -/A










FROM page one Arrests in most murders
"W e are except tio n ally p ro u d ......................................................... ... ........... ... .......................................
of this 74 per cent solvency rate
in fact, it is what drives us to Grove district has had seven compared with the same period
even push it further." he said. homicides for the year thus far. in 2006. police noticed a 29 per
"1 want to make it abundantly While there have been six mur- cent increase in murders with
clear to the public, where matters ders for the year in the South- domestic motives.
have not been solved, we have eastern division, police note a 33 Investigators have also not-
sufficient information in hand to per cent decrease of homicides ed a disturbing trend in which
say who are (suspects). If we in that district from 2006. suspects 'lay low" and target
were to arrest those persons IThe age range of the 55 mur- their 'victims before killing
today, the 74 per cent would be der victims spans one year to them, Asst Supt Fernander said.
significantly increased." 70 years old, with 89 per cent When asked if the majority
The majority of these homi- of the victims being male. of the suspects for this year's
cides, 45. occurred in New Provi- Statistics show that firearms homicides were repeat offend-
dence, while eight took place in are the most common weapon ers, Mr Hanna acknowledged
Grand Bahama, and two murders of choice in homicides, with the that many persons apprehended
occurred in Eleuthera. In 2006, 9mm pistol being the firearm by police are "career criminals"
with the exception of Grand most frequently used. As reflect- who frequently break the law.
Bahama, there were no murders ed in the recent high profile Police plan to "redouble"
reported on any family island. The string of stabbing incidents, their efforts throughout the
two murders in Eleuthera have knives are the second most com- remainder of 2007 to stem the
both been solved, police noted. mon weapon used to commit rise in violent crimes by pro-
In a divisional breakdown murder, police statistics indicate. viding a stronger police pres-
highlighting the number of mur- Chief Superintendent Hulan ence on Bahamian streets as
ders for each district of The Hanna attributed the high mur- well as continuing to educate
Bahamas, the Carmichael divi- der rate to the inability of per- the public on anti-violent mea-
sion has seen the highest num- sons to handle conflict resolu- sures fol conflict resolution.
ber of murders so far, with 10 tion in a non-violent manner. The RBPF will also continue
murders reported there. Grand As noted by Homicide Squad to proactively focus on "minor"
Bahama and the Southern dis- statistics, 34 per cent conflict of matter's and reports such as
trict of New Providence tie for murder motives for this year domestic violence and threats
second place with eight murders were classified as conflict reso- of harm before they escalate
reported as of press time. The lution/confrontation. When into homicides.

Fisherman is rescued from disabled boat

FROM page one the advice of rescue officials. off Memory Rock during anoth-
According to reports, the er aerial search conducted by
The fisherman and three oth- man's family went to the last Capt John.
er persons were initially report- known position to retrieve the A rescue boat, captained by
ed missing after they failed to man and the boat for safe har- Mr Snisky and two others, went
arrive in Grand Bahama from bour, but when they arrived the to the location. Mr Archer said
Grand Cay Monday afternoon, vessel was nowhere to be found, rescuers reported that the dis-
BASRA and Police Marine Family members again abled vessel had drifted anoth-
Division were alerted. Some- reported the fisherman missing er three miles north of the last
time around 1.30pm on Tues- to police. The police then noti- known position.
day, the vessel was spotted near fied BASRA's search and res- The fisherman told rescuers
Great Sail Cay by BASRA offi- cue director Justine Snisky, who that his anchor had broken
cials who sent a rescue vessel launched a second-search for away in the night.
to the location, the vessel. Mr Archer said BASRA
At the time, three persons Mr Archer said that a three- secured the disabled vessel with
were rescued from the vessel. hour aerial search was conduct- a proper anchor and returned
However, the fisherman decided ed by Capt Horsefall and Colin with the missing fisherman to
to.remain with .his.vesselagain.st R... e.....The vesse.lwas. spotted F .port.


FROM page one
In the wake of a series of vio-
lent attacks on students and
teachers since the beginning of
the new school year, Mrs Poiti-
er-Turnquest urged the Min-
istry of Education to "immedi-
ately begin the enforcement of
legislation that requires parents
to be responsible and liable for
the actions and behaviour of
their children."
The BUT president also
asked the ministry to allow the
director of security a greater


BUT 'does not want police'


degree of freedom in the per-
formance of.his duties than
seems to have been the case up
until now.
Mrs Poitier-Turnquest urged
the Ministry of Education to
especially give the security
director more power as it con-
cerns the training of officers as
well as the number and deploy
ment of officers.
The union president said that
Minister of Education Carl


Bethel yesterday reiterated his
promise that additional security
officers will be stationed on
public school campuses as soon
as possible.
On Sunday, former prime
minister Perry Christie in his
weekly web chat explained that
it was never a long term plan
of the PLP to have the police
stationed at government
schools. "but instead one that
would stabilize the situation."




THE ALL NEW 2008 FORD ESCAPE


Save NOW on your Choice of New 2007 Ford vehicles


II~ .L-...


All New
2008 Ford ESCAPE XLS
Power-fully fun to Drive 2.3 L-4
cylinder engine with automatic
transmission, power windows, locks
& mirrors, dual air bag, alloy wheels,
running boards.


Maete mr*hie


Available at

Y FRIENDLY MOTORS CO LTD
THOMPSON BOULEVARD TEL.: 356-7100 FAX: 328-6094
smancoc EMAIL: friendlymotors@hotmail.com WEBSITE: friendlymotorsbahamas.com


i


I


:,; i"~;~c
.,
., np~':'-aC~
..
'ri
'' ,I


MEN!


IT COULD SAVE YOUR LIFE*

September is Prostate Cancer

Awareness Month.

All men 40 years and older learn

about the health of your prostate!

*Terry Fountain President of
The Cancer Society of' The Bahamas

Attend Screening clinics sponsored by The Cancer Soci
ety of The Bahamas and facilitated by Us TOO:

24th September Flamingo Gardens Clinic, Carmichael
Road (5:00 pm registration).
Prostate screening 6:00 p.m. 9:00 p.m.

25th September Fleming Street Clinic, off Blue Hill Rd.
near Stardust (5:00 pm registration).
Prostate screening 6:00 p.m1. 9:00 p.m.

Only $20 donation to defray cost


Take charge of your health. Be sure to have your annual prostate
screening PSA"" and IDRE'" are life-saving tests


**Prostate Specific Antigen '*l)igital Rectal Exam


USTCO*0
PROSTATE CANCER
EDUCATION & l I, PPr rv'T


The Tribune


//4' ji~/(c


/


_-1


I -


--.1------I I I


TUESDAY, SEPTEMBER 25, 2007, PAGE 9


THE TRIBUNE


IL
t(lij
TOUGH~if\


l










P 1T A E B 2 0H I


Royal Bahamas Defence Force

near to closing death probe


FROM page one
I his investigation is one of
I\o oo ldered by authorities -
the other being conducted by
policee Iafter the controversial
!;th of Mr Ferguson.
lihe accident occurred
.ii oil1)d 10pm on September 6,
\\~lhn Mr Ferguson, a friend
\Vental King and King's 11-
\ car-old son, Wenzal Jr, were
lisliin in the cut between Par-
ilisc Island.
According to Mr King's
::,count Mr Ferguson was in
the rear driving the 16-foot
metal vessel and he in the
Sil ot holding a rope when
they suddenly heard a boat
Corning towards them with no
lights on. Mvr King waived fran-
lically to get the attention of
the Iboat, however, it collided
\\ith their vessel casting both
.idluts overboard. The force of
the collision split the boat in
'he rear at the point of impact.
lr King also acknowledged
.flter the accident that the ves-
.el they were in did not have
iiny lights. Instead, he said they
Cai tried a flashlight, which they
would d shine in the direction of
othei boats once they heard
'hetm coming.
According to the autopsy
ipe ormed on Mr Ferguson, he
:ullcred a broken spine, indi-
:t!ing that he died as a result
I* the collision rather than by
di owning.
NM McKinney did not want
'o speak about the possible


outcome of this particular case.
However, under the Defence
Act he explained, various.pun-
ishments can be given by the
Defence Force to its officers
found in breach of rules,
including incarceration, demo-
tion, deduction of pay and ter-
mination.
Son of the deceased. Wendal
Ferguson told The Tribune
that the family does not have
plans to meet with authorities
at this time, as they are still
mourning Mr Ferguson's
death. Gladstone Ferguson, a
Crooked Island native, was
buried on Sunday.
When asked if he was satis-
fied with the investigation this
far Mr Ferguson said: "Not
really".
According to the autopsy,
Mr Ferguson said, "We know
that he didn't drown."
"They didn't recover his
body either. Private people
recovered his body. They nev-
er recovered his body," he
said, referring to the private
boats working with Basra who
made the discovery.
The family is committed, Mr
Ferguson emphasized, to
ensuring that a proper investi-
gation is done.
The Tribune was unable to
reach police officials for an
update on their investigation.
Mr McKinney said the
Defence Force is committed
to making a public statement
on the outcome of their
inquiry.


Man claims police


officer beat him


FROM page one
Mr Nesbitt claims the offi-
cer has repeatedly "molested"
him when he has been on Bay
Street, wrongfully accusing
him of being a vagrant and
attempting to "run him off"
the street.
It was for this reason, said
Mr Nesbitt, that he made sev-
eral unheeded complaints to
police over the course of a
period of months.
However, Mr Nesbitt
claimed that this latest com-
plaint about the officer caused
the officer to behave even more
unreasonably towards him.
According Mr Nesbitt, the
officer approached him when
he was on Bay Street on Sat-
urday waiting for a bus with
his brother-in-law and told
him to either "get on the bus
or leave."
Mr Nesbitt said he walked
away from the officer to use a
phone in a nearby store, but
was stopped as he pulled him
back by his pants and then
moved to arrest him.
It was after the officer hand-
cuffed Mr Nesbitt and took
him to the nearby tourism unit
station on Bay Street that the
alleged beating took place.
"As soon as we enter the
station he start throwing blows
on me for no reason," Mr
Nesbitt claimed.
Mr Nesbitt was then kept


in a cell overnight at the Cen-
tral Police station, and later
released on Sunday morning
on police bail. He was told to
appear in court on October
8th where he would be
charged with loitering. He
maintains that he was doing
nothing of the sort.
Yesterday, Inspector Ben-
son Cunningham of the Com-
plaints Unit confirmed having
received a complaint against
the constable on Wednesday.
He said that subsequent to
that complaint the officer was
brought in and "spoken to."
Later, when Mr Nesbitt
returned to the unit and
described his alleged ordeal,
Inspector Cunningham said
he advised him to bring a hos-
pital form to the office signed
by a doctor outlining his
injuries.
This contradicted state-
ments made by Mr Nesbitt,
who said that Inspector Cun-
ningham had told him that the
police would collect the hos-
pital's report from the hospital
directly.
Inspector Cunningham
mentioned that having spoken
with the constable involved he
had received a "very different
story" to that given by Mr
Nesbitt.
Messages left for the offi-
cer in question, or his superior
officer, were not returned yes-
terday.


40% >Off: 2I on i ems
Brands like Basset, I~NgM "
For the entire Month of Septemer '__ ROBERTS FURNITURE
Cash sales only 5th, Terrance Centerville *Tel: 322-8862/3
50-60% off special marked down items. While supplies last. E-mail: info@robertsfurnitureco.co
isn A Wi ::


Most lifers 'abandoned' by

lack of minimum term


FROM page one
Instead, their sentences can
be ultimately determined by an
allegedly "ultra-secretive" gov-
ernment board: the Advisory
Committee of the Prerogative
of Mercy.
On that board sits the Minis-
ter of National Security, the
Attorney General, and other
government officials.
According to the source,
"The make-up of the board, the
ultra secretive way it handles
the (sentence) hearings and...the
fact that the accuser transforms
into punisher in the system"
make the set-up one which
should be mercilesslyy
attacked."
He is calling for this scenario
to be addressed or else prison-
ers will repeatedly be subject to
having the length of their stay
behind bars set in a way which
violates Article 20 (8) of the
constitution.
That article requires that any
adjudicating authority which is
to determine the existence or
extent of any civil right or oblig-
ation must be "independent and
impartial:"
The Advisory Committee is
"by all means an extension of
the executive branch," he
claimed.
The source pointed out that
in the UK the trial judge sets
the convict's tariff in the sen-
tencing phase of the trial with
full knowledge of the case. The
tariff period then becomes a
"guideline for any authority that
has the mandate to determine
when the convict should be
released."
According to the source,
those convicted in the UK are
informed as to what his tariff is
"so that he can make represen-
tations if he thinks it is set too
high, or to give him a light that
he can work toward with good


behaviour thereby being reha-
bilitated in the process."
However, in the Bahamas
judges have been handing down
life sentences in many cases
"without any mention of a 'min-
imum term' to be served."
"Sentencing a person to life in
prison without any guide line
for the conditions that make it
appropriate for the considered
release of the offender...aban-
dons the convict to the Execu-
tive branch of the government
who will then really determine
the punishment of the convict
when it should have been deter-
mined by the judge."
The board makes its deci-
sion after reviewing reports
on the individual's behaviour
and progress submitted by
various penal and mental
authorities.
The source noted statements
made by Privy Council judge
Lord Bingham when he decided
to commute the death sentences
imposed on Bahamians For-
rester Bowe and Trono Davis
as supportive of his position.
Lord Bingham said: "Any
discretionary judgment on the
'measure of punishment' which
a convicted defendant should
suffer must be made by the judi-
ciary and not the executive."
The legalist suggested that
while the Bahamian constitu-
tion has "provided for a clear
line of demarcation between the
power and authority of the judi-
ciary and the power and author-
ity of the Executive" this
demarcation "is not evident in
the way that life sentences are
handled in this country."
According to the source,
there are currently more than
50 persons in Her Majesty's
Prison in Fox Hill serving life
sentences.
Attempts to reach Attorney
General Claire Hepburn were
unsuccessful yesterday.


14.8 Cube

$- $650.00
i "t -


18 Cube

-r $720.00


S P 21 Cube

$962.00














PRE-0WNED

CARS & TRUCKS

For the best deal in town on
pre-owned cars, with warranty!

NOW IN

STOCK
'99 SUZUKI GRAND VITARA
'03 SUZUKI BALENO
'04 SUZUKI IGNIS
'95 TOYOTA AVALON
'98 HYUNDAI ELANTRA Best offer ,
'00 HYUNDAI ACCENT
'00 HYUNDAI GALLOPER
'01 HYUNDAI COUPE f_
'04 HYUNDAI SANTA FE8
Very low mileage, very clean
'06 HYUNDAI ELANTRA Very clean
'06 HYUNDAI TUSCON GLS



# I AUTO DEALER IN THE BAHAMAS
EAST SHIRLEY STREET 322-3775 325-3079
Viil oul ihowroorna0 QualIy Auro 5,nl (Frwepol) Ltd for in.nil, r dealt, Queens Hwy, 362 6122
or Abaco Motor Mall, Don MacKay Blvd, 367-291


LA CASITA
The Art of Island Livi pig






Fall Special Order
Event 20% off.
From 9.13.07 to 10.07.07, please enjoy
20% off all special order upholstery.
Select rorn our well-edited collection
of sofas, sectionals, sleepers, chairs,
beds. ottomans & dining chairs.
Available in hundreds of fabric and
leather options for your choosing.
Delivered to most areas in les than 6
short week.



6 i h


Mit2hell Gold
+BobWlliams


SEPTEMBER




SALE DAYS!




CASH IN ON BIG SAVINGS ON

A WIDE SELECTION OF SHOES,

BAGS AND ACCESSORIES
DURING THE MONTH OF
SEPTEMBER.


ALL SALES ARE FINAL. RETURN
OR EXCHANGE ON SALE ITEMS
IS NOT ALLOWED.


NO LAYAWAYS ARE ACCEPTED
DURING THE SALE.






JOHN'S
ROSETTA ST. 325-4944
BAY ST. 322-3156
CAREWEAR 325-7288


-- -rr~m-;, ;*-----r~~-?rn;l-i-;oarr;----,-,-~~w;m rrrrup--a~r--arr,-~~--~-,------~.-ra.


THE TRIBUNE


PAGE 10, TUESDAY, SEPTEMBER 25, 2007







TUESDAY, SEPTEMBER 25, 2007. PAGE i i


Two banking staff



are named fellows



of Institute of



Financial Services


MANAGING Director of
Bank of the Bahamas Interna-
tional Paul McWeeney and for-
mer managing director Paulette
Allen-Dean were named hon-
orary fellows of the Bahamas
Institute of Financial Services.
Mr McWeeney and Mrs
Allen-Dean, said the financial
services sector's education arm,
are deserving of the honour
reserved for the institute's lead-
ers, including past presidents or
council members who have
made significant contributions
to the organisation and the sec-
tor.
Executive director of BIFS
Kim Bodie said the pair epito-
mise what the organisation rep-
resents.
"Mr McWeeney is a young
visionary, seasoned banker and
managing director of a Bahami-
an bank which is making signif-
icant milestones," she said. "His
leadership skills and vision for
the financial industry have con-
tributed to the ongoing man-
date of the institute as we seek
to provide quality assured train-
ing and structured education
programmes for employees in
the sector."
According to Mrs Bowe, Mr
McWeeney's prominence in
corporate governance thor-
oughly transformed BIFS.
During his tenure as presi-
dent of the institute from 2003
to 2006, Mr McWeeney is cred-
ited with creating a strategic five
year plan' which has "charted a
new course" for the institute.
"At the time he was presi-
dent, we were a small but grow-
ing organisation and we had to
put in place proper gover-
nance," said Bowe.
"Mr McWeeney provided
that,expertise under his leader-
ship and placed everything into
a proper structure. An exam-
ple of that is reflected in the
name change from the Bahamas
Institute of Bankers to our pre-
sent name. It might not seem
significant, but Mr McWeeney
saw that in today's world, we
are no longer dealing with tra-
ditional banking and therefore
had to broaden the scope of ser-
vices provided by financial insti-
tutions."
In regards to Mrs Allen-
Dean, Bowe noted that she is
one of the few people in the
industry who continues to go
above and beyond despite
retirement.
"Mrs Allen-Dean is a tremen-
dous pillar in the financial com-
munity," she noted. "She fully
supported our institute and our
initiative to become a member
of the Caribbean Association
of Banking and Financial Insti-,
tutes which we achieved during
her tenure as president."
"Even in her retirement
years, Mrs Allen-Dean con-
stantly lends support by offering
her expertise and participating
whenever called upon to lec-
ture or present at seminars,"
added Mrs Bowe.
Mrs Allen-Dean preceded
McWeeney as managing direc-
tor of Bank of the Bahamas
International.
She was also one of the first
Bahamian women to attain the
Assistant Chartered Institute of
Bankers qualification.
Mrs Allen-Dean was the first
female president of the BIFS

Two face double
murder charge
FROM page one
Court dockets state that the
two men on Thursday, June 21,
being concerned together inten-
tionally caused the death of
Jonell Jones-Dean. It is further
alleged that on the same date
the accused intentionally caused
the death of Levaughn Fin-
layson.
Both men are represented
by lawyer Roger Minnis. They
were not required to plead to
the charges. The men were
informed by the magistrate that
a preliminary inquiry will be
held to determine whether
there is sufficient evidence to
have them stand trial in the
Supreme Court. The case was
adjourned to Tuesday, October
9. at 10 am.


RETIRED VETERAN banker Paulette Allen-Dean, now an honorary
fellow of the Bahamas Institute of Financial Services, receives her
award from Michael Lightbourne, deputy governor of the Central Bank
of the Bahamas. Mrs Allen-Dean served as the institute's first female
president


DEPUTY GOVERNOR of the Central Bank of the Bahamas Michael
Lightbourne presents managing director of the Bank of the Bahamas
International Paul McWeeney with his award for being named honorary
fellow of the Bahamas Institute'of Financial Services. McWeeney was
president of the organisation from 2003 to 2006.


from 1999 to 2000 (having suc-
ceeded Suzanne Black who
served as interim president).
Mr McWeeney's career
includes over a decade with
Chase Manhattan Bank and
Bank of the Bahamas Interna-


tional respectively.
At 39, he was appointed
managing director of the bank,
becoming the youngest exec-
utive to hold a comparable
post and one of only a handful
of Bahamians ever to do so.


THE TRIBUNE


Thursday September 27,

at 7:00 pm

Admission Free


2007


S The Tribune ......,w,. I"M


Partn.ers Bhmsp

for literacy,
-- College of The Bahamas


* About The Tribune's Newspaper in
Education Literacy Programme

The Tribune recognizes its
responsibility towards an informed
and literate citizenship. Our
Newspapers in Education Literacy
Programme is an initiative to increase
awareness of the need and importance
of literacy, and the role it plays in


NAGB;:


NATIONAL ART GALLERY
OF THE BAHAMAS


developing constructive citizens.
A component of this programme is story serialisation. We publish
stories that are educational, interesting and entertaining.
We also present evenings of Bahamian writers reading extracts
from their work, believing that we have a duty to promote an active
.dialogue on the place of literacy and Bahamian writing in our
society.To learn more about Ihe Tribune's Newspapers in Education
Literacy Programme, call 502-2394 or e-mail nie@tribunemedia.net.


Desire A Shoe Collefiton

50% STOREWIDE SALE
SALES END SEPTEMBER 30TH







Elegant: ghos or pi i


DiscrAndnl L.diiK

*Betsey Johnson Carlos Santana
*JLo *Nine West ,
*BCBG *Charles David
lJoeyO Guess


OPEN
Monday-Thursday 10:00am-6:00pm
Friday-Saturday 10:00am-8:00pm

Telephone: 242-394-3802


MARATHON ROAD- 2 STORY YELLOW BWN UPSTAIRS STYLE
NASSAU, BAHAMAS


"An Evening




of Writers"


Featuring:

Pat Rahming

P trick Anthony
Rahming was
born in Grants
Town, Nassau
and studied at
Government High
School and McGill
University. He has
recorded two
albums and three
singles over past 22
years, including two
Timothy Award win-
ners. He is the
recipient of the
Bahamas Musician
and Entertainers Lifetime Achievement Award and has
written two books of poetry Reflections and
Thoughts in Black & White. Mr. Rahming has also.
penned a book of essays and letters The Nai've
Agenda, An architect by profession, he is presently the
--principal of Patrick Rahming &Associates. He's the
founding president of the Bahamas Writer's Association
and is a Past President of the Rotary Club of West
Nassau. His hobby is discovering life.


The National Art Galler

of the Bahamas


: *
:-
.d







PAGE 12, TUESDAY, SEPTEMBER 25, 2007


YOUP CONNECTION r TOHE WOIlDt




J llll


EtI


II


The Bahamas Telecommunications Company Limited
..... .... . .. ...... ......... .. T I-,- ... * *a- ...... -. - ,,-


BTC presents
"SHOW ME YOUR
MOTION"

BTC proudly invested into Bahamian cul-
ture by sponsoring the "Sh1ow. ilne your
Motion" documentary by film director and
producer, Dr. lan la .,n h....
Last week b Thursday, Di Sti achan
presented the company with copies of the
u.l, .lllll.e y at a special presentation at
h (l'lChaptuis One Bookstore. "None of this
e would have been possible without the vision
and commitment of BTC," said Dr.
BTC VP of Marketing and Sales Marlon Johnson accepts a copy of Strachan, the film's Director and Producer.
the film '"Show me your Motion" from the director Dr, Ian Strachan


r

"They are -niil.ini- an important investment
in cultural development I thank them and I
commend them. Where other companies
balked at the idea of helping bring this filing
to the Bahamian public., they saw the merit
of the .ijiI1. and backed it I10%"
Mr. Marlon Johnson, Vice President for
Min .cLkemi. Sales & Business Development
represented the company at the special pres-
entation.
T he film showcases the music of
Bahamian greats, Eddie Minnis, Pat
Rahming, Funky D). Roots, Cleophas
Adderley and Ronnie Blcter. there is an
also an originaltitle track by Oohouii. The
documentary also features live performanc-
es by children from Uriah McPhee,
Carmichael Primary. H 0. Nash, Oakes


lat- GSM mobile


LI M ITS

On September 19th, BTC will be
introducing Credit Limits to all of
our valued GSM postpaid custom-
ers. Find out your credit limit today


-- \ ;' ..., -;" .'.


Employees of the Bahamas Telecommunications Company Ltd. in Abaco recently held their
Family Fun day and Beach Picnic on July 28, 2007 at the Sandy Port Regatta site.
IAa UL L 1 IFUt l 4 @ &


Field Primary, North Andros High School,
the National Children's Choir, St.
Augustine's College, St. Anne's School and
Maurice Moore Pririil.i\ in Grand Bahama
"Show me your Motion" was the
only accepted film from the Bahamas in the
UNESCO Traveling Caribbean Film
Showcase.
This documentary has been seen in
several Caribbean countries including
Trinidad. Jamaica, Barbados and Cuba.


CELLULAR

SAFETY
Exercise while driving and using
your cellphone
1. Use a hands free devices or a
speakerphone when driving. (These
can be purchased at Cyberworld).

2. Keep your eyes on the road at all
rimes. If you find it difficult to answer
your phone while driving, do not, let
the ph6ne go to voicemail.

3. Let the person ou are speaking
with know that you are driving.

4. Pull onto the side of the road iF you
have to make notes.

5. Do not engage in stressful or emo-
tional conversations that are distract-
ing.

6. Obey the traffic laws and drive
with extra caution and care when
using your cell phone.

7. Program frequently used numbers.
If you have several calls to make,
Store them before heading out

8. Dial safely. punch in phone num-
bers at a standstill, such as traffic
lights or stop signs. If possible, learn
how to operate the phone without
looking at it.

9. Make sure that 919 is programmed
in the phone

10. Keep con\ersllions short and
sweet
Ifeee i pro ing ur
newok


1''


CALL BTC


225-5282 www.btcbahamas.com


THE TRIBUNE


SEPTEMBER 2007


'r "~r--











TUESDA'r, FP I I[v1P.E R 25I. IJ I20


SECTION


r-r
S .. ; :. '
-t ... ,. ,,'. ,,..,.,


business@tribiineedia.net


Electricity makes



up 36 per cent



of water plant's



cost base


* By NEIL HARTNELL
Tribune Business Editor
ELECTRICITY costs for
the six million ,,.:l iin--of-water-
per-day Blue Hills reverse
osmosis plant account for 36
per cent or more than one third
of its cost to produce such
water, highlighting the impact
relatively higher power prices
have on Bahamian companies.
their costs and competitiveness.
A document prepared by
Godfrey Sherman and Glen
Laville, the Water & Sewerage
Corporation's general manager
and assistant general manager
respectively, and their then-
consultants at Camp, Dresser
& McKee. detailed how the
solutions proposed for the high
power costs by the various bid-


ders were critical in determin-
ing who won the contract -
eventually awarded to Consol-
idated Water.
"The cost of energy is typi-
cally a major component in the
cost of water for a seawater
reverse osmosis plant," they
wrote. "The cost of electricity
in the Bahamas is relatively
high at $0.1285 per kilowatt
hour (kwh).
"As a result of this higher
electricity cost, the cost of pow-
er represents approximately 36
per cent of the total cost of
water for the Blue Hills desali-
nation plant base bids."
Consolidated Water, the
eventual winner of the Blue

SEE page 8


+


'Remove price controls',


urges business executive


* By NEIL HARTNELL
Tribune Business Editor
PRICE controls "should be
removed" from Bahamian law,
a leading business executive
said yesterday, as they did not
lower the price of essential
foodstuffs and other products
and worked against poorer
people by prohibiting compe-
tition.
Rick Lowe, a Nassau Insti-
tute director and operations
manager for the Nassau Motor
Company, backed Prime Min-
ister Hubert Ingraham's asser-
tion that price controls had not
lowered the price of essential
foods and products in the
Bahamas, saying they actually
worked against consumers in
many instances.
Mr Lowe explained that
because the Bahamas imported
between 80-90 per cent of the
products it consumed, the cost
or price they were sold at was
largely dictated by outside
forces external to this nation.
When asked whether price
controls had worked in the
Bahamas, Mr Lowe said:
"They really haven't. All
they're really doing is con-
trolling what a company can
make.
"They can't really control the
cost of products, because the
because the goods are import-


Describes mechanism as
'useless' in controlling
costs and a 'political
football', with poor
Bahamians losing out
because they limit
competition

ed in here in the first place.
The cost is incurred at the oth-
er end where it's manufac-
tured."
Apart from the manufactur-
ing costs, there were the freight
costs involved in transporting
and shipping products to the
JBahamas, insurance costs and
then, at point of entry, stamp
duty and customs duty pay-
ments to be made.
The Bahamas taxation sys-
tem, which is heavily reliant on
import duties and stamp tax on
those imports to generate
between 50-60 per cent of gov-
ernment revenue, is effectively
a trade tax or tax on the cost of
living, thus making prices in
the Bahamas relatively expen-
sive compared to elsewhere.
This is compounded by the rel-
atively small manufacturing
base in the Bahamas.

SEE page 2


Ginn property buyers




gain big stamp break


* By NEIL HARTNELL
Tribune Business Editor
mhe Ginn Develop-
ment Company
will only pay 2 per
cent stamp duty
on condominiums
it sells in its Grand Bahama-
based Ginn sur mer project
during the development's first
20 years, with third party real
estate purchasers also enjoying
substantial stamp duty breaks
on property sales during its first
five years.
The Heads of Agreement
signed by Ginn for its multi-
billion dollar West End project
lay out a substantial series of
tax exemptions for the devel-
oper that were granted by the
former Christie administration,
but the Stamp Tax Act has nev-
er been amended by the Gov-
ernment to account for the spe-
cial rate extended to Ginn.
Instead, the former govern-


* Heads of Agreement says real estate sales 'critical' to project
success, and can happen before infrastructure installed
* Foreign vessels docked at Ginn sur mer exempt from
customs duties, with government also committed to
enacting cruising permit legislation


ment had said it was looking
to place these special stamp
duty incentives into legislation
designed to spur economic
development in the Family
Islands.
The Ginn Heads of Agree-
ment, which have never been
made public but have been
obtained by The Tribune,
reveal that any condos sold by
Ginn for $250,000 or more in
the period between the first
sale.and 20 years later will
attract stamp duty at a rate of 2
per cent.


The normal stamp duty rate
applied to such real estate
transactions valued at $250,000
or more in the Bahamas is 10
per cent, effectively meaning
that Ginn has obtained an 8
per cent discount from the
Government.
This means that, on a $1 mil-
lion condo sold by Ginn, the
stamp tax paid will be $20.000
rather than $100,000 an
$80,000 loss to the Public Trea-

SEE page 4


LNG regulations 'expected very shortly'


* By NEIL HARTNELL
Tribune Business Editor
CONSULTANTS are "expected to
deliver vei\ short" to the Government
the final dr.fi' r gulaltiilns to gLove-rn the
operations of the multi-million dollar AES
Ocean Express liquefied natural gas
(LNG) plant, The Tribune was told yes-
terday, with the project's developer "opti-
mistic" things were still moving forward.
Aaron Samson, AES Ocean Express
project director, said: "I think the only
thing that has changed is that the consul-
tants are expected to deliver very shortly
the regulations to Minister [Phenton] Ney-
mour and the BEST Commission."
.Mr NI' mounr, minister of state for pub-
lic utilities, could not be contacted by The
Tribune for comment yesterday on the
state of the regulations, which were being
drafted by Washington-based ICF Con-


suiting.
Mr Samson, though, added: "We are at
least optimistic that it is underway and we
are making progress, after the big stall at
the end of the last administration."
'AES Corporation had endured a more
than five-year wait across the lifespan of
the Christie administration to see whether
the Government would approve the con-
struction of an LNG terminal on Ocean
Cay near Bimini, a man-made island seven
miles away from the nearest inhabited
place.
The former PLP government had said it
was waiting for the final draft of the regu-
lations to be received, plus an environ-
mental management plan (EMP), before
deciding whether to give the AES Ocean
Express project the final go-ahead.
Mr Samson told The Tribune that AES
was trying to contact the Government
every week for an update on the project's


status, and was hopeful momentum might
build now that summer holidays were over
and all ministers and officials back at work.
"It's still very early in the Ingraham
administration and we're trying to give
them time to reacquaint themselves with
this project and move it forward." Mr Sam-
son added.
"It's been a long time, but we're giving
the new ministers a chance to get their
arms around their whole ministries and
this project, which would be a new indus-
try for the Bahamas. We're trying to-be
patient."
AES Ocean Express had spent more
than $65 million on the project to date.
Mr Samson said, since the first Ingraham
administration gave it approval in principle
in 2001.

SEE page 8


' ~a
is P. $


OLD PORT BAY #3815 Elegant waterfront home sits high above
the Bay of Old Fort with i. ir...,, beach and ocean views. Charming
arttitectural details, 3 bedrooms 31 baths, exotic ambience,Tuscan-
sLyle kitchen with granite counter tops and stainless steel appliances.
Travertine and wood foors, outdoor patio with full covered bar; pool
and waterfall, Private courtyard, 40KW generator: $2,950,000.
P., I i . ... .' ,, ,.t I . i. 42.424.9792


Sotheby's
INTERNATIONAL REALTY


SIRbahanias.con, t 242.322.2305 f 242,322.2033
Irrr r r~- r r IIIIIIIII llll I 111 I11Hil III ... .


HELPING YOU CREATE AND MANAGE WEALTH

NASSAU OFFICE
Tel: (242) 356-7764

FREEPORT OFFICE
Tel: (242) 351-3010


SDamianos


I__ ___


I





--I I I- I I - ----- II


""


i : ~;. ~?
I ~
I


j


14,a3%*'ll75%: o32-

EQIYPA AACDPA IE NOEPA


n
t


T1 e


;. |











P 2T A E B 2 0E B


IN HOUSE
INVESTMENTS LTD

NOTICE TO

SHAREHOLDERS

The Board of Directors of In House Investments
Limited has declared a quarterly dividend for
Preferred Shares to all shareholders of record at
September 14, 2007 as follows:

Preferred Shares 7.25% per annum (payment
quarterly)

The payment will be made September 28, 2007
through Fidelity Share Registrars & Transfer
Agents Limited, in the usual manner.


e are the victims'


he Bahamas and
Jamaica have been
Placed on the US nar-
cotics list. This is unfortunate,
considering the great effort
and cost the economies of
these two countries have to
bear in policing the illegal
trade being conducted in our
territories by organizations
from other nations.
As this column has pointed
South before, these islands pro-
duce no cocaine. It is pro-


duced in nations to our south
and purchased by nations to
our north.
We are caught in the middle
and used for their conve-
nience. They use part of the


substantial amount of United
States dollars generated by
this trade to develop or
encourage criminal gangs in
our countries. They supply
them with guns. They con-
tribute to the availability of
drugs and so damage our
social fabric.
I am not saying that there
would be no drug problem or
criminal gangs without the
transshipment of drugs
through our countries, .but


there is no doubt that it would
be a tiny problem compared
to the present situation.
It is therefore the obligation
of the drug-consuming coun-
tries to our north to provide us
with the financial and other
resources needed to control
the drug trade instigated by
criminal activity in their own
countries, which they have
failed to prevent.
As the title of this column
states, we are the victims.


'Remove price controls',




urges business executive


FROM page 1

Mr Lowe told The Tribune: "Price con-
trols here are a political football. It gives
people the impression that the Govern-
ment is doing something to protect them,
when in reality they're useless because
they can't control the costs.
"They're not effective, and never have
been for the last 4,000 years going back to
the Roman Empire days. The Soviet
Union was the great experiment in price
controls and look what happened."
Mr Lowe said price controls imposed
on some items, artificially reducing mark-
ups and margins for Bahamian compa-
nies, had caused these firms to further
increase the mark-ups on non-price con-
trolled items to compensate, further hurt-
ing Bahamian consumers.
As an example of the negative impact
price controls had on Bahamian firms, he
cited the automotive industry where he
worked.
All car parts and accessories imported
into the Bahamas, are price controlled,
Mr Lowe explained, unlike in the US.
In the US, larger, higher cost and slow-
moving parts, which remained in invento-
y for a long-time, attracted a higher mark-
up that faster-moving, lower cost parts.


Yet in the Bahamas, the Government
price controls stipulated that the mark-
ups on these different auto parts had to be
the same, Mr Lowe said, something that
negatively impacted auto dealer and parts
supplier margins and their return on
investment.
"The price control policy has harmed
poor people because it doesn't allow com-
petition to work as it should," Mr Lowe
said, explaining that unfettered competi-
tion between Bahamian firms would help
to keep prices low and keen.

Statute

"Price controls should be removed from
the statute," Mr Lowe said, "and let com-
petition take place. Eventually, peopled
will be more inclined to compete with
each other and we will see prices go down,
like they did with BTC."
After IndiGo Networks arrived as the
first legal competition to BTC in fixed-
line voice telephony, the state-owned car-
rier reduced its per minute calling rates to
the US from $0.99 to $0.51, and for Cana-
da from $1.25 to $0.54.
The per minute rate for calls to the UK
was slashed from $2.75 to $0.89, while the
rate for calls to Jamaica dropped from
$2.25 to $0.66.


Mr Lowe added that price controls
imposed on foodstuffs and grocery prod-
ucts "causes a loss of revenue to the sup-
plier", and prompted food stores not to
stock certain items.
"Things don't get on the shelf because
people say they are not going to make an
investment on it, as they can't get a
return," Mr Lowe said.
"It causes the margins and mark-ups on
other items not price controlled to be high-
er."
Referring to Mr Ingraham's comments
on price controls at the CARICOM Sum-
mit on Chronic Non-Communicable Dis-
eases, Mr Lowe said: "It's nice to see a
politician making reasonable comments
on things that impact the business com-
munity that need answers.
"Now, it's up to the Chamber of Com-
merce and the Bahamas Wholesale Asso-
ciation to get on with it and hold their
feet to the fire."
"The truth of the matter is price control
doesn't work," Mr Ingraham had 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 govern-
ment would be able to impact upon cost, -
we'd certainly be.more than happy and
willing to do so." .


CFA Society of The Bahamas


2007/2008 Officers & Directors
President
Kristina M. Fox, CFA
Email: kfox(acoralwa e.com
Vice-President
David Ramirez, CFA
Pictet Bank & Trust Ltd.
PO Box N4873, Nassau Bahamas
Ph: (242)302 2217
Fax: (242)327 6610
Email:dramirezhpictetcom
Treasurer
Christopher Dorsett, CFA
Citigroup Corporate & Investment Bank
PO Box N 8158, Nassau, Bahamas
Ph: (242)3028668
Fax:(242) 302 8569
Email: Christopher.a.dorseneacitigroun.com
Secretary
Soia Beneby, CFA
ScotiaTrust
PO Box N 3016, Nassau, Bahamas
Ph: (242)5025700
Fax: (242)326 0991
Email: sonia.benebvy(scotiatrust.com
Programming
Karen Pinder, CFA
EFG Bank & Trust (Bahamas) Ltd.
PO Box SS 6289, Nassau, Bahamas
Ph: (242)5025400
Fax:(242)5025428
Email: karen.pindertefgbank.com
Education
Pamela Musgrove, CFA
Colina Financial Advisors, Ltd.
PO Box CB 12407, Nassau, Bahamas
Ph: (242)502 7008
Fax: (242) 356 3677
Email: pmusgroveacfal.com
Warren Pustam
Piclet Bank & Trust Ltd.
PO Box N4873, Nassau Bahamas
Ph: (242) 302 2222
Fax: (242) 327 6614
Email: w pustamiholmail.com
Membership
Geneen Riviere
Pearl Investment Management Limited
PO Box N 4930, Nassau, Bahamas
Ph: (242)5028022
Fax: (242)5028008
Email: genecn.riviere(Mpearl-investment-
management.com
Past President
David Slatter, CFA
KPMG
PO Box N-123, Nassau, Bahamas
Ph: (242) 393 2007
Email: dslatter(bkpmecom.bs


MONTHLY SPEAKER / WEBCAST EVENT


Topic:

Date:

Time:


China's Economy: Structural Strength, Cyclical Weakness

Thursday, September 27'h 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-REGISTRATIONREQUIRED- 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 Asiamoney 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 the 1997 Asian crisis. Dr. Walker received a BA and
PhD in economics from the University of Strathclyde, Glasgow.


fFA
INSTITUTE
PROFESSIONAL
DEVELOPMENT
QUALIFIED ACTIVITY


wV~et' Investment
Opportunities!


KING'S
RE'"L [ STATE


Indigo Investment Opportunity
A unique opportunity to own 5 adjacent lots in this quaint gated
community Each lot measures 60 f x 130 ft zoned for 15 units.
Ament'es include double tennis court and swimming pool. Was
$650,000, now reduced b $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 fMr a high-end condo development or a class 'A"
office/financial centre. Offered at $7,500,000

Giingam House, Montague Class "A" Ofice Space Available
Top floor comprises of 2,562 sq ft of leasable area and 1,108 sq
ft of common leasable area botalling 3,670 gross sq ft. Lease Is $32
per sq ft with CAM charges being $12 per sq ft. This floor is being
leased with partial office furnishings.

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


Gilingam House, Montague, *4 East Bay Street
P.0.Box N 10414, Nassau, The Bahamas


FIRSTCARIBBEAN
INTERNATIONAL BANK

CAREER OPPORTUNITY
for

CFO Bahamas

Qualifications:

Accounting designation (ACCA, CPA or other similar designation)
Audit experience (4+ years post qualification)
Prior experience working in/with financial institutions (5 years +)
S Prior experience in managing external audits
Technical competence in relevant statutory accounting and financial
management business principles
Detailed understanding of accounting principles and consolidations
In-depth knowledge of IFRSs
SGood understanding of tax computations
Well developed analytical skills and modeling techniques

General Requirements/Responsibilities:

Providing advisory services to senior officials of the client
organizations) as to the status of their specific financial resources
(e.g., assets, capital, expense, revenue) and the financial trends or
results of operations.
Making financial recommendations based on analysis of applicable
operational, legal, regulatory and accounting issues.
Investor relations- Responsible for coordinating, planning, and
holding annual investor relation meetings together with the Managing
Director.
Strategy- Responsible for development, monitoring and execution
of strategy
Participates in the co-ordination and integration of selected planning
cycles (strategic, tactical, financial, business).
Directing he provision of effective internal controls.
Providing professional specialized expertise to the business or
organization by diagnosing problems and issues and proposing
solutions within the area of responsibility.

Applicants are requested to submit their resume with a cover letter via
email by October 5th, 2007 to:
deangelia.deleveaux@FirstCaribbeanBank.com

FirstCaribbean International Bank (Bahamas) Limited thanks all
applicants for their interest, however only those under consideration
will be contacted.

Vacancies are open to Bahamians only.


THE TRIBUNE


PAGE 2B, TUESDAY, SEPTEMBER 25, 2007


jI, ^ H I








I Ut~SUAY, b ~t I LMIBIH 2b, 2UU/, l-'ACUt b


THE TRIBUNE


Lehman




Brothers




boss invests




in Cotton




Bay resort


BNT Nature Walks are Back!


Retreat Garden

National Park,

Village Road

Sat, Sept 29 @ 8am


Eleuthera Properties
Ltd, developer of the
Cotton Bay resort,
yesterday announced
that Robert Millard, managing
director of Lehman Brothers
and head of the investment
bank's Global Trading Strate-
gies group, has recently joined
the chairman's advisory board
and become an investor in the
project.
"We welcome Mr Millard as
an advisor and investor, whose
financial expertise will work
hand-in-hand with the other
leading international investors
on the chairman's advisory
board, including the Royal
Bank of Canada and Myrtle
Potter, former president of
Genentech Pharmaceuticals,"
said Franklyn R. Wilson,
Eleuthera Properties chair-
man.
"Together, they will help
ensure that Eleuthera once
again becomes the Bahamas'
destination of choice for the
most discerning."
Mr Millard said: "Cotton
Bay has the potential to be the
premier resort community in
the Caribbean. Its preserva-
tion of the island environment
is inspiring for both home-
owners and other resort com-
munities, and I look forward
to being a part of the realisa-
tion of this dream."
Mr Millard brings more than
30 years of financial manage-
ment experience to his new
position. Prior to joining
Lehman Brothers as a manag-
ing director in 1983, he worked
for investment bank Kuhn
Loeb & Co.
Cotton Bay will be a resi-
dential resort located on
Eleuthera. It will feature Cot-
ton Bay Estates, an oceanfront
estate homes community, and
Cotton Bay Villas, Starwood's
first Luxury Collection hotel
in the Bahamas.
Cotton Bay is scheduled to
open in early 2008.
Mr Millard received his


M.B.A. from Harvard Univer-
sity and his Bachelors from the
Massachusetts Institute of
Technology. He serves on var-
ious boards of directors,
including Associated Univer-
sities, Massachusetts Institute
of Technology, Parsons School
of Design, Population Council
and Remarque Institute.
He is also a member of the
Council on Foreign Rela-
tions. Mr Millard lives in New
York City, with his wife,
Bethany. and their four chil-
dren.
Eleuthera Properties Ltd is
the direct corporate successor
to South Eleuthera Properties
Ltd, the vehicle which, from
the 1950s, was the initial devel-
oper of the Cotton Bay Club.


'
Saffrey Square
Bay Street
S R www.bahamasrealty.bs
~RENT *wwww.cbrichardellis.com

4 RETAIL SHOP SPACE


* 2,901 sq. ft.
* Good Visibility
* In the Heart of the Financial District
* Parking Facilities Available
* For more information call 396-0000


BAHAMAS REALTY LTD.
COMMERCIAL
In association with:

CBRE
CB RICHARD ELLIS
NAVIGATING A NEW WORLD


A Conference of Caribbean Crisis Centres

CREATINGN PARTNERIHIPS TO CONFRONT

P- 4A SEXUAL VIOLENCE IN THE CARIBBEAN


REGISTRATION FORM
September 26th 28th, 2007
Wyncinami Crystal Palace Resorl. Nassau, Balamias


First N am e: .........................
Position/Title:___ _
Agency/Organiiation:
Address_____
Phone Fax .._.____....


Please check the appropriate boxes:
What best describes your agency (check one):
Q Rape Crisis O University/School
] Medical Provider DNGO
[ Law Enforcement E]Youth Organization
F- Social Services OHuman Resources
n Mental Health Services community Organizatic
SlCriminal Justice Other
Registration Fees
(Conference Schedule attached)
Three day package $225.00 Daily rates $100.00
(includes conference material, breakfast & lunch)
Early Registration (before Sept.15): $200.00
Registration (after Sept 15): $225.00
Daily Rate: $100.00
Check appropriate day(s)
OIWednesday
-1Thursday
0 Friday
Enter registration amount here:


Last Nnme -
Badge Nanme ------
.... -___ - ----- --C-- -y- -Co-u-n-t-r-y
City ___ Country _
Email L


Q Please register me for the Wellness Session
Saturday September 29 (Free)
F1I will attend the Anniversary Banquet ($100.00)


For further information about the conference and hotel accommodations
contact The Cri-'s Centre at (242) 328-0922 or Donna Nicolls at (242) 326-1619
Fax: (242) 326-1522 Email: bahamascrisiscentre@yahoo.com


a FINE BL'ILLl RS HitJR ,Ai'E H A 'P l P :' .Ii,;:I : .
Dowdeswell Street
Behind Scotia Bank
Tel: 322-1103
Monday Friday
I---- ii- I[ I [ II


Special Session for Youth (12-18 yrs.)
"A Culture in Denial"
Friday September 28,6-8 pm (Free)
School: ___
Grade:_ Age: __-1NMiF


BUINS


F ra n k l'.y; W i-ls o.


I I II II



D'ELTA


''











PAGE 4B, TUESDAY, SEPTEMBER 2b, 2007 [HE TRIBUNL


U


GN-589






GOVERNMENT NOTICE


MINISTRY OF FINANCE

THE REAL PROPERTY TAX ACT, 1969


Pursuant to Section 7(2) of the Real Property Tax Act, 1969, as amended, the Chief
Valuation Officer hereby gives notice:-

(a) that copies of the assessment list are available as required by
subsection (4) of Section 7 of the Real Property Tax Act, 1969
(hereinafter in this notice referred to as the Act) and may be
inspected at the Valuation Office or the Treasury, on or after
15" October, 2007.

(b) that a Notice of Assessment addressed to each owner of
property liable to tax under the Act is available at the Valuation
Office, located at Frederick House, Frederick Street and may
be collected therefrom by or on behalf of the owner of such
property during normal working hours;

(c) that pursuant to subsection (3) of Section 7 of the Act, upon the
expiration of five (5) days after the publication of this notice, a
Notice of Assessment shall be deemed to have been served on
every owner of property liable to tax Ander the Act;

(d) that without prejudice to the provision of subsection (3) of
Section 7 of the Act,-the Chief Valuation..Officer may at any
time after the publication in the Gazette of this notice send by
post, a Notice of Assessment addressed to any owner of
property liable to tax under the Act;

(e) .That pursuant to Section 9(1) any person aggrieved by a notice
of assessment deemed to have been served under this Act may
object thereto by serving on Chief Valuation Officer within
thirty days after the date on which the notice of assessment is
deemed to have been served, a notice in writing of such
objection stating the grounds upon which he relies.


(f) that pursuant to Section 16 of the Act (but subject to
provisions of Section 10 (3)* of the Act) the tax in respect of
property will be due and payable by the owners of property not
later than sixty days after the date on which notice of
assessment is deemed to have been served. Accordingly, it is
the duty of each taxpayer to ensure that he receives a Notice of
Assessment;


(g) that the exemption has been allowed for 2007 on those
properties which have been declared as owner-occupied
residencies., and have satisfied the conditions under Section
3(ii) of the Real Property Tax (amendment) Act 2002.
However, the owners are by law, required to-disclose to the
Chief Valuation Officer any change in the circumstances of
occupation which does not entitle the property for the
exemption allowed. *(Section 40 is reproduced below);

(h) that pursuant to Section 7 (3) of the Act, persons receiving a
Notice of Assessment and Demand Note for the first time
should therefore examine the columns marked "Tax payable for
the year"and "Tax for period ______ to _______" as
it would indicate the amount due for current and prior years.

(i) that if you are a Bahamian citizen/company and own improved
property situate in new Providence or a non-Bahamian
Scitizen/company (less than 60 percent of shares beneficially
owned by citizens of The Bahamas) and own property situate
in the Commonwealth of The Bahamas and have never
received a Notice of Assessment and Demand Note, you are
required by Section (8) of the Act to make a declaration of
your property not later than 31's December, 2007 Declaration
forms foi this purpose are available at the Valuation Section
and should be returned accompanied by documentary proof of
Bahamian citizenship and in the case of a Bahamian Company,
a copy of the Company's latest annual statement of return.

*.Section 10 (3) is as follows:-

"The Chief Valuation Officer shall dismiss any such objection unless
the whole of the tax payable under the Notice of Assessment shall
have been deposited with him or for good cause, the Chief Valuation
Officer determines that the objector shall be relieved of the
requirements of this subsection in-whole-or-in part and-is satisfied that
the objector his complied with any such determination which gives
partial relief only."

Section 40 is as follows:-

(1) Any owner who is granted an exemption under the provisions
of Section 39(1)(f), by reason of the property qualifying as
owner-occupied property, shall where he is aware of any
circumstances or facts which do not entitle the property to the
exemption disclose to the Chief Valuation Officer those
circumstances or facts;


(2) Any owner who knowingly fails to comply with the
requirements of subsection (1) is guilty of an offense and liable
on summary conviction to a fine of one thousand dollars or to
imprisonment for a term of three months or to both such fine
and imprisonment; and the court shall upon conviction of an
offender, in addition to any other penalty imposed, order the
offender to pay to the Treasurer a sum equivalent to twice the
amount of the tax which would have been payable but for the
exemption had the disclosure been made;

(3) No limitation as to the time within which proceedings may be
brought for the prosecution of a summary offense shall apply
to proceedings under subsection (2)." ....


CHIEF VALUATION OFFICER/
CONTROLLER OF INLAND REVENUE

MINISTRY OF FINANCE


I


Ginn property





buyers gain big





stamp break


FROM page 1

sury.
Of course, all things are rel-
ative, and if Ginn delivers on
its promised $4.9 billion devel-
opment and creates 3,700 con-
struction jobs at peak build-
out and more than 4,000 per-
manent jobs, then the
Bahamas is likely to gain more
than it has lost in stamp duty
exemptions.
Ginn will also enjoy a 2 per
cent stamp duty rate on unim-
proved lots that are sold for
more than $250,000 during the
first five years of the project,
but what will probably raise
more questions among
Bahamians are the stamp duty
exemptions granted to third-
party buyers of unimproved
lots, condos and homes at
Ginn sur mer.
For all three real estate
types, if they are sold within
one year of being bought by a
third party buyer, the stamp
tax rate is 3 per cent. In the
second year, this rate is
increased to 4 per cent; in the
third year. 5 per cent; in the
fourth year, 6 per cent; and in
the fifth year, 7 per cent.
From then on, the normal
stamp duty rate applies, but
this sliding scale is likely to
attract criticism from some that
such incentives will give 'free
rein' to flippers and 'land spec-
ulators' to make fast money
from selling Bahamian real
estate, especially when
Bahamians receive no stamp


duty incentives for purchases
valkued at $250,000 or more.
The incentives, which were
probably granted after the
Christie administration almost
left the Ginn project slip
through its grasp, then being
left with the tough task of woo-
ing the developers back, are
likely to be viewed as critical in
what is arguably the largest
mixed-use resort project tak-
ing place in the Bahamas.
The Heads of Agreement
note: "The timely sale of lots,
condominiums and other resi-
dential units within the project
to Bahamian and non-Bahami-
an purchasers is critical to the
success of the project and the
redevelopment of the [West
End] settlement"
The Government committed
to accelerated consideration
of such approvals, the Heads of
Agreement again noting that
"pre-sales" of residential lots
and units were "an important
part of the sales and marketing
of the project" and would
being before any infrastructure
was installed in the West End.
The Heads of.Agreement
also provides for the exemp-
tion of customs duties on for-
eign vessels that belong to
Ginn sur mer property owners
and are moored at the project,
provided they have a valid
cruising permit.
The Heads of Agreement
state: "Any property owner at
the project who possesses a
current cruising permit may
berth his vessel within the pro-
ject or any marina in the West


End area, without being
assessed or required to pay
customs duties on such vessel."
And the agreement also
. commits the Government to
I'cause to be enacted such leg-
islation to allow payment of a
one-time annual cruising per-
mit..... for vessels docking in
Bahamian marinas".
This permit, with the rate to
be set by the Government, will
be effective for one year with
no other fees applying despite .
"multiple returns of such ves-
sels to foreign ports and back
to the Bahamas during the
intervening period".
Another clause in the Heads
of Agreement provides for the
Government to convey the
public right-of-way that is the
connector road between
Queens Highway. and
Bayshore Road to Ginn, in
return for the developer pro-
viding a new connector road.


Secretary
Public Service Commission'


GN 588


PUBLIC SERVICE COMMISSION

VACANCY FOR DEPUTY DIRECTOR OF EDUCATION
(MANAGEMENT)
MINISTRY OF EDUCATION, YOUTH, SPORTS AND CULTURE
DEPARTMENT OF EDUCATION

Applications are invited from suitably qualified Bahamians to fill the position of Deputy
Director of Education. Department of Education, Ministry of Education, Youth, Sports
and Culture.
Requirements for the post are:
A Master's Degree in Education Administration and Supervision.
Competence in areas of specialization.
10 years teaching experience, 5 years as Principal or Vice Principal Grade "A"
School or head of College of The Bahamas Education Divilon or District
Superintendent.
The successful candidate will:
Supervise, facilitate, advise on and promote best practices in the effective management
and administration of schools.
Specific duties of the post include:
Providing strategic direction of the Schools Management Division of the
Department of Education,
*, Liaising with the Director of Education in the preparation of the annual budget,
Evaluating the performance of the school management functions.
Mentoring and appraising senior managers within the Division.
Ensuring an optimal level of teaching and administrative staff in the schools.
Collaborating with relevant agencies to ensure the maintenance and expansion
of the schools Physical Plant.
Collaborating with relevant officers to ensure the provision of a clean and safe
school environment.
Ensuring the availability and communication of a disaster preparedness and
response plan for schools.
Formation of productive relationships with key stakeholders; including the
Bahamas Union of Teachers (BUT).
The salary of the post is in Scale ED2 $46,700 x 700 $54.400 per annum.
Serving officers should apply through their Heads of Departments. Interested
persons may obtain application forms from the Ministry of Education, Youth, Sports and
Culture, Thompson Boulevard, or the Department of Public Service, Poinciana Hill,
Complex, Meeting and Augusta Streets. They must be returned complete with original
qualifications and documentary proof of relevant experience, to the Secretary, Public
Service Commission, Poinciana Hill Meeting Street, no later than 1T'bctober, 2007.


-HE TRIBUNE


PAGE 4B, TUESDAY, SEPTEMBER 25, 2007


$E









BS INESS LlA


COUNCIL MEMBERS of Insurance Institute of The Bahamas (llB). Shown (1-r): Nancy Haughton, secretary;
Charles Sands 1ll, treasurer; Jacqueline Gardiner-Smith, council member; Nadine Frazier, president; Raleigh
Francis, council member;. Dr Michaela Theophilus, vice-president; Howard Knowles, council member.


Insurance industry


awards aim to bring


sector together


he Insurance Institute
of the Bahamas (11B)
will host the Insirance
Awards 2007 at a special ban-
quet on September 28. 2007. at
the British Colonial Hilton.
marking its first attempt to
bring the entire sector togeth-
er to celebrate individual per-
formances.
The Insurance Awards com-
prise:
Legend of the Year Life


Most Outstanding Lite and
Health lnsurince Company of
the Year
Most Outstanding General
Insurance of the Year
Most Outstanding Life and
Health Insurance Agency/Bro-
ker of the Year (small and
large)
Most Outstanding General
Insurance Agency/Broker of
the Year (small and large).


and Health and General Insur- A special Awards Banquet
dance Committee was established to
Executive of the Year coordinate the event. This com-
Educator of the Year mittee comprised Nadine Fra-
Ordinary Agent of the zier. Dr Michaela Theophilus.
Year Richard Adderley, Chuck
Home Service Agent of the Sands, and Nancy Haughton..
Year The Insurance Institute of
: Insurance Managei of the the Bahamas, a non-profit
Year organisation, is currently led
General Insurance by Mrs Frazier as president:
.Account Executive of the Year vice-president, Dr Michaela
ServieASttr"ofthe Y-earf" -'",-s:Theophilus: D. Hum, past pres,


ident: Richard Adderley, trea-
surer: Charles V Sands 11, sec-
retary: Nancy Haughton and
five Council Members.
Membership in the Institute
is open to all individuals
employed or engaged in the
insurance industry in the
Bahamas. Persons not
employed in the industry, but
who are interested in insur-
ance, can become an associate
but non-voting member.
There is a corporate mem-
bership level for
companies/associations, and
the Institute also has the option
of appointing Honorary mem-
bers.
The IIB has been working
closely with other insurance
associations to promote the
professional status of insurance,
particularly through petition-
ing for fair and proper legisla-
tion:, .. .. .


The Clifton Heritage Authority is seeking the sci vices of persons to fill the
following positions at tie Clifton Nalional Park:


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


" Assists with monitoring Ihe activities al the park to ensure the proper use of
the facilities.
o Assists with the facilitation of lours at the site, school programs and special
events.
O Implements resource management techniques required to manage and restore
natural and cultural resources including exotic plant and animal removal,
native plant restoration. crosion contr ,l and prevention of historic structure
remains and archaeological sites.
Properly uses herbicides and other chemicals in conjunction with the
maintenance team.
o Provides emergency assistance.
o Assist with any other duties assigned.

o Minimum ol 3 BGCSE's or 5 B.C' s
Have sound knowledge of security techniques.
Police vetting is a requirement
o Trainable and preparedness to be trained.
o Graduate of the Bahamas Host Program is a plus


Responsible for the daily maintenance and upkeep of the grounds and facilities
of the Clifton Heritage Park.


Ensures the daily maintenance and upkeep of the grounds of the Clifton
Heritage Park, facility cleaning, facility repairs and maintenance, and natural
and cultural resource management as directed.
Removal of debris and other identified plants.
o Cleans and properly stores all tools, vehicles and equipment.
o Constructs, maintains and repaus building and structures, including
plumbing, wiring and paintings

Minimum of 3 BJC's
o Ability to operate gencial landscaping equipment


o Trainable and preparedness to be trained
Application are' aiilabie at the Autiority's Office Colins Avenue.
,T ep4J e contact 325-1505;


0


-'Youth Empowerment& Skills Training Institute


The YEAS T Institute invites i

applications for admission to


Lk @oiaflo


)ALDfv


0@/


VYoS tgov,

Vu uIcb & L
^y\ @ rT

G^~J 1H7U@7


October 20, 2007


- June 30th


2008


4Apl/ic'ants m.st be males, 12-19 I'ears ofage, (I'ho can hcinlc'/jl m//l u1i (n
intense program discipline, leadership, vocational skills, amd academics.

The Restorative Program is a 9-mont/i presidential leadership an/ character
development curriclmn. that efit tithe lenhole nmale/ child in h/ccm1c a leader
in /iis commuunityll'.

Please contact: YEAST
40 Deveaux Street (Next to Our Lady's Catholic Church)
Nassau, Bahamas ,*F
242-322-8335 242-326-5781
Office hours: 8a 4p, M-F: AiplIrtcaio~: i


7floo


,-- --


1 UESDAY, SEPTEMBER 25, 2007, PAGE 5B


f----If-)
VL(D@


D


.- - .. ..- I


IHE I TRIBUNE











P 6T A E B 2 0H I


B-mI iaiLa i
Simm ir i _


Nassau relocation






i to give Todhunter





economies of scale


S By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
T odhunter-Mitchell
Distilleries, the
manufacturer and
distributor of popu-
lar rum brands such as Ricardo
and Old Nassau, yesterday said
many of its 25 Freeport-based
employees declined to be relo-
cated as it moved it's Grand


INSIGHT-

For the stories
bein henes
rad Inigh


Bahama-based operation to
Nassau, where it will operate
with a staff of just eight due to
economies of scale benefits.
Tanya Sweeting, manager of
the new 20,000 square foot
manufacturing plant, located
next to affiliate Common-
wealth Brewery's plant at
Clifton Pier, explained that the
company part of the Burns
House group will be able to
benefit from technical support
provided by the brewery.
"So, for example, if some-
thing happens to one of the
machines, we would be able to
use an engineer from Com-
monwealth Brewery. We
would not have to have one
here on staff," she explained.
Ms Sweeting said the move
made economic sense for the
company, given that much of
its product had to be shipped
from Grand Bahama to Nas-
sau and then distributed
around New Providence.
The new, upgraded facility was
more automated and will


NOTICE
NOTICE is hereby given that ADVIRA ATKINS of
MARBLE DRIVE, 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 25TH 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 JULIEN SAINTILUS OF
FOX COURT OFF FARRINGTON ROAD, 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 25TH 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, MARC ALMONOR of
BAHAMA AVENUE, 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 18TH day of SEPTEMBER, 2007 to the Minister
responsible for Nationality and Citizenship, P.O. Box N- 7147,
Nassau, Bahamas.


enable the company to more
than double its production.
"In Freeport, we were able
to produce 600 cases per day.
Now, the volume capacity has
increased and we are able to
produce 1200 cases per day,"
Ms Sweeting explained. This
gives Todhunter-Mitchell Dis-
tilleries an annual capacity of
312,000 cases.
At present, Ms Sweeting said
the plant will be operational
five days a week from 8am to
4.30pm, until a significant
stockpile has been obtained.
Once that happens, she said
they would probably reduce
their production schedule to
three days a week, with the rest
of the week set aside for clean-
ing and maintenance.
The Freeport plant
employed 25 employees, many
of whom declined the compa-
ny's offer of relocation and
found alternative employment.
The Nassau based facility will


employ eight persons.
Eventually, Ms Sweeting
explained Todhunter-Mitchell
Distilleries will widen its offer-
ings and produce Gilby and
Gordon's gin products, once
they have complied with all
requirements.
Todhunter-Mitchell cur-
rently offers the Ricardo and
Ole Nassau products -
Coconut, Pineapple, Mango
and Banana flavoured rums -
Ricardo White Rum, Ricardo
151, Ricardo Gold, Ricardo
Dark, Ole Nassau Gold, Ole
Nassau Dark, Ole Nassau
White Rum, Fire in De Hole,
Todhunter Grenadine and the
Todhunter- Mitchell Line of
Apple Schnapps, Creme de
Cacao, Triple Sec, Peach
Schnapps.
The products are blended
rather than distilled, which
means that flavourings are
mixed into a raw alcohol base
to produce the products.


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



PUBLIC NOTICE
INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, INETIDE AUGUSTIN of
the Southern District of the Island of New Providence on of
the Islands of the Commonwealth of The Bahmas, intend
to change my name to INETIDE LEXIUS. If there are any
objections to this change of name by Deed Poll, you may write
such objections to the Chief Passport Officer, PO.Box N-742,
Nassau, Bahamas no later than thirty (30) days after the date of
publication of this notice.


Legal Notice


NOTICE

Pursuant to the provisions of Section 137 (4) of The
International Business Companies Act, 2000. Notice is
hereby given that:-

(a) Ultra Whitney Fund Limited is in dissolution;

(b) the date of commencement of the dissolution is
September 12, 2007;

(c) the name of the liquidator is Gregory Wattersten of
Global Capital Partners, L.P., 100 Drakes Landing Road,
Suite 125, Greenbrae, CA 94904.

Gregory Wettersten
Liquidator



NOTICE


OF

TREINTA HOLDINGS CORPORATION

Notice is hereby given that liquidation of the above
company commenced on the 21st day of August, 2007.
Credit Suisse Trust Limited of Bahamas Financial
Centre, Shirley & Charlotte Streets, P.O. Box N-3023,
Nassau, The Bahamas has been appointed Liquidator
of the Company.


FOR SALE
















42' Ocean Alexander,

2 3208 375 HP.Cat

Engines, New Gel Coat,

Updated electronics,

Surveyed 2005,

Luxurious appointments,

Custom Carpentry.

Motivated seller, serious

inquires only.




Tel: 359-0539 I 356-6397


Pricing Information As Of: C F A L'
Monday, 24 September 2007
BiSX LISTED & TRADED SECURITIES VIST VWW.Bl6Xi*X MAN Mti INFORMATION
BISX ALL SHARE INDEX: CLOSE 1,901.61 f CHG 03.b80 _',4,O I YD % 1L4AS
52vk-HI 52%,k-Lo.'. Security Previous Close Today's Close Change Dally Vol. EPS S DIv S PIE Yield
I -" .. :- Ll .3.: r.1: l34 5. -I" 1 :.: '' 0C 1 ,
1174 1100 Bahamas Property Fund 1160 1160 0.00 1.527 0400 76 345%
955 750 Bank of Bahamas 955 9.55 0,00 0733 0260 130 272%
085 070 Benchmark 085 0.85 0.00 0.048 0020 177 235%
374 1.52 Bahamas Waste 3 73 3,73 0.00 0275 0.060 136 161%
1 78 1 20 Fidelity Bank 1 74 1 78 0.04 1,000 0064 0 040 27.8 2.25%
1100 955 Cable Bahamas 11.02 11 02 0.00 0996 0240 11 1 2 18%
315 180 Colina Holdings 315 3.15 0.00 5,600 0208 0080 15.1 2 54%
1620 11.50 Commonwealth Bank 1600 16.20 0.20 1,500 1.190 0.680 13.6 4.20%
722 470 Consolidated Water BDRs 5,98 6.15 017 0.112 O050 52.1 086%
2 76 2 20 Doctor's Hospital 2 35 2 35 0 00 0.284 0.000 83 000%
6.40 554 Famguard 6.18 618 000 0.804 0240 77 388%
12.79 1151 Finco 1279 1279 0.00 500 0768 0570 167 4.46%
1472 1382 FirstCaribbean 14.72 14.72 0.00 0934 0470 158 319%
6.10 5.18 Focol (S) 610 608 -0.02 3.008 0364 0.133 167 218%
1.00 054 Freeport Concrete 0.70 070 000 -0.415 0000 N/M 000%
8.49 7 10 ICD Utilities 7 25 7 25 0.00 0.411 0.200 176 276%
1005 852 J S Johnson 10.05 10.05 0.00 0.946 0.580 10.6 5.77%
10.00 1000 Premier Real Estate 10.00 1000 000 1.167 0600 86 6.00%
FIdelity Over-The-Ceuntter aoullllU '
52wk-HI 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Dlv $ PIE Yield
14 60 14 25 Bahamas Supermarkets 14 60 1560 16.00 1.125 1 485 139 1017%
800 6 00 Caribbean Crossings (Pref) 600 625 6.00 0.000 0.480 NM 780%
0 54 O 20 RND Holdings 0 35 0 40 0.20 -0.030 0000 N/M 000%
Collna Over-Th-Counter SUrWlI : -
41.00 4100 ABDAB l .1 .l *, .I ,41, -- :.
1460 14 00 Bahamas Supermarkets 14 60 15 50 1400 1 125 1485 126 1017%
055 0 40 RND Holdings O 45 0.55 0.45 -0030 0000 N/M 000%
msx Listed MItul6..PmaI (;A fe .' .., .( a ,.
52wk-HI 52wk-Low Fund Name NAV YTD% Last 12 Months Div $ Yield %
1 3566 1 2828 Colina Money Market Flund 1 356630*
3 3402 2 9449 Fidelity Bahamas G & I Fund 3 3402***
2 8869 2 4606 Collna MS1 Preferred Fund 2 886936"*
12698 1 1923 Colina Bond Fund 1.269803**
11 6581 11 1622 Fidelity Prime Income I und 11 6581*-'^
FINDEX: CLOSE 858.31 I YTD 1147% /I 01,* i4ViL ; ;
BISX ALL SHARE INDEX 19 Dec 02 : 1 000 00 MARKET TERMS YIELD last 12 month diviUendn divided by cloBsng price NAV KEY
52wk-HI inhos, l rilos inq price ii la'd i *j 7e..ks Bid S l uyin'g price of Collnu and Fidelity'
52wk-Low IowAst losing price in loas 52 weeks Ask $ Selling price of Collnn and fidolty 14 Soptomber 200/
Previous Close r'r vous day's weighted price for daily volume Lst Price Last traded over tho-counter price 0( Junro -2007
Today's Close Ciurrent day's weighted price for dally volume Weekly Vol. Trading volumo of the lilor wiorek ** 31 ALuigust 2i007
Change Chang e ir closing price from day to da EPS $ A company' reported earnings ptr shoro for thu lust 12 mith s *-* 1 July 2007
Dilly Vol. Number of total shares traded today NAV Not Asset Value
DIV $ Dividends per share paid in the last 12 months NIM Not Moaningful
P/E C-Iminl r. ir-. i vd.d fby -i ,l,, Ii i, i rir, ,ii, llitju FINDEX The I-ldollty Bahamas Stock Index Janualy 1, 1994 = 1OU
) 4-for-1 Stock Split Effectlve Date 81/B2007
TOTRADE CALL: COLINA 242-502-7010 I PIDELITY 242-1518 64 tll ,A'~1N"t' CALL (242) 384-2502


Credit Suisse Trust Limited
Liquidator


PAGE 6B, TUESDAY, SEPTEMBER 25, 2007


, THE TRIBUNE









THE TRIBUNE


TUESAv,. SEPTEMBER 25, ?007, PAGE 7B
-" ""- --


SEPTEMBER 25, 2007


7:30 8:00 8:30 9:00 9:30 10:00 10:30
South Florida The War "A Deadly Calling" The American public sees pictures and news- The War The American public sees
B WPBT War Stories, reel footage of troops killed in action. (N) (CC) (DVS) pictures and newsreel footage of
troops killed in action. A
The Insider (N) NCIS "Bury Your Dead" A showdown The Unit Jonas runs from an assas- Cane "Pilot" Pancho decides to
B WFOR A (CC) between the NCIS team and an elu- sin; Bob may be reporting to anoth- name one of his sons the successor
sive arms dealer. (N) er agency, secretly. (N) (CC) to Duque Rum and Sugar. (N)
Access Holly- The Biggest Loser A tempting food competition tests the' teams for the Law & Order: Special Victims Unit
B WTVJ wood (N) (CC) first time. (N) A (CC) The case of a woman with multiple
'________personalities. (N) (CC)
Deco Drive Bones A skull smashes the wind- House House must work fast to di- News (N) (CC)
U WSVN shield of a car driven by teenagers agnose a young woman who sur-
_____ _on the freeway. (N) (CC) ved an building collapse. (N)
J rdyl (N) Dancng With the Stars Hello Castroneves, Mark Boston Legal "Beauty and the Beast (Season Pre-
WPLG CC) Cuban, Cameron Mathison, Floyd Mayweather Jr., miere) Alan defends Shirley when a major university
Wayne Newton and Albert Reed. (Live) 0 (CC) sues her. (N) n (CC)
)CSI: Miami Dog the Bounty Hunter "The Mys- Dg the Bounty g the Bounty Crss Ang Criss Angel
A&E "Mon for Noth- tery of Mona isa" Young, female Hunter Team hunter (N) (CC) Mindfrea Doll; Mindrea Criss
ing (CC) fugitive. (CC) gets a tip. (CC) toys. (CC) plays with fire.
Hardtalk BBC News Worid Business BBC News indian School BBCNews World Business
BBCI (Latenight). Report (Latenight). "East Meets (Latenight). Report
West"
BET Hell Date (CC) Hip-Hopvs. America (N) (Part 1 of Hell Date (CC) Hell Date (CC) Hell Date (CC) Hell Date (CC)
,..T 2) (CC),I
CBC Antiques Road- Rick Mercer Re- This Hour Has Words to Music: Canadian Song- CBC News: The National (N) (CC)
B show port (CC) 22 Minutes (CC) writers Hall of Fame (CC)
CN C :00) On the Fast Money Deal or No Deal Contestants get a The Big Idea With Donny Deutsch
N money chance to win money. 0 (CC)
C M (:00)The Sltua- Out in the Open Larry King Live (CC) Anderson Cooper 360 (CC)
C nu ,don Room
Scrubs A life- The Daily Show The Colbert Re- Mind of Mencia South Park Jeff Dunham: Spark of Insanity
COM threatening With Jon Stew- port (CC) Advertising. (CC) "Rainforest The comic performs. (CC)
coma. A(CC) art (CC) Schmainforest'
COURT Cops A (CC) Cops Cops The World's Scariest Police Chas- Inside "Teen Lockdown"
'"Seattle/Tacoma" "Seattle/Tacoma" es 4 n (CC)
The Suite Life of * THE THIRTEENTH YEAR (1999, Fantasy) Chez Starbuck, Justin That's So Raven Life With Derek
DISN Zack & Cody A Jon Ross, Courtnee Draper. A youngster undergoes a "fishy" transforma- "Goin' Hollywood" Derek asks out
patron falls. tion. A (CC) 0 Casey's friend.
IV This Old House This Old House Sweat Equity Bathroom Reno- Bathroom Reno-10 Things You TradeSchool
DIu (I (CC) Front yard plan. vations vatlons Must Know (N)
DW Beckmann ML Mona Usa Journal: Tages- Politik direct Journal: In Euromaxx
uW them Depth .
E! The Daily 10 (N) 25 Celebrity Near-Death Experiences Celebrities share their near-death The Girls Next The Girls Next
__ experiences. Door IDoor
ESPN NFL Live (Live) 2007 World Series of Poker Main 2007 World Series of Poker Main The Contender (N)
(wCC) event, from Las Vegas. (Taped) event, from Las Vegas. (Taped)
ESPNI Wor of Adven- International X-Games 2007 World Series of Poker Pot Karate Elite XC.
Sture_ Sports Limit Hold'Em, from Las Vegas.
EWTN Daily Mass: Our Mother Angelica Live Classic Religious Cata- The Holy Rosary Threshold of Hope
TN n Lady Episodes logue
FIT V 00)Cardio Blane's Low Blaine's Low Namaste Yoga Namaste Yoga Body Challenge: After Baby
TV llast (CC) Cab Kitchen CarbKitchen Core strength. Energy flow. Courage to Change
FOX-N Fox Report- he O'Reilly Factor (Live) (CC) Hannity & Colmes (Live) (CC) On the Record With Greta Van
N Shepard Smith Susteren (Live) (CC)
FSNFL 00)MLB Baseball Chicago Cubs at Florida Marlins. From Dolphin Stadium in Miami. Inside the Mar- e FSN Final
FronrL- (Lve) fins Score (Live)
GOLF Inside the PGA Personal Golf Central President's Cup Highlights United Big Break: Mesquite (N)
.LF Tour (N) Lessons (Live) States wins event.
GSN 00 Weakest lWho Wants to Bea Millionaire 0 That's the Ques- Family Feud n Family Feud n Chain Reaction
S nk Nn (CC) (CC) tion (CC) (CC) (CC)
G4Tr h .)Attack of X-Play Tokyo Game Show '07 Day Cops Cops NlnJa Warrior Ninja Warrior
G4Tech e tho w!f (N) Tokyo Game Show. (N) 'Seattlefacoma "SeattleTacoma'
:00) Murer,, Murder, She Wrote A homicide de- ** RETURN TO SNOWY RIVER (1988, Adventure) Tom Budinson,
HALL Sh Wrote "Test tective faces a murder case that Sigrid Thomton, Brian Dennehy. Austalian horseman Jim Craig returns to
of Wills jeopardizes his career. (CC) reclaim his home. (CC)
Buy Me Helen is GreenForce A Design Inc. Sarah's House Take it Outside Urban Outsiders Designer Guys
HGTV moving back to showroom Lindsay's Bache- Renovationsare n (CC) Creatin a hide- "Far North Wer's
,, Britain. (CC): makeover. A lorette complete. (CC) away.(CC) Retreae n
INSP Mrris Ceiullo Breakthrough Christ in Inspiration To- Lfe Today (CC) Thiis Your Dy TheGospel
l(r (CC) Prophecy day (CC) Tuhth
eba Reba reluc- Wife and According to Friends Joe Everybody Two and a Half Family Guy Bri-
KTLA tantyoes on a s Jay Gets Jim Jim resents takes Rachelto Loves Raymond Men Charlie has an is smitten with
blind date. Fired" (CC) his replacement. the hospital. n A (CC) no money. (CC) Lois. (CC)
Still Standing Reba Barbara Rebaara Barbra II ACCUSE (2003, Drama) John Hannah, Estella Warren. A woman
LIFE. "Still Decorating" Jean considers a Jean monopo- claims a doctor drugged and raped her. (CC)
n (CC) divorce. (CC) lizes Kyra. (CC)__
MS B )Hardball Countdown With Keith Ober- MSNBC Live With Dan Abrams Catch Him If You Can
MSNB CC) mann" I
NICK Jake sh SpongeBob Drake& Josh Home Improve- Home prove- GeorgLopez GeorgeLopez
NIC n1 (CC) SquarePants (CO) mIt (CC) ment1 1(CC) 1 (CC) n (CC)
NTV :00 Cane "Pilo NCISBury Your Dead" (Season House Alone" (Season Premiere) News (N) 0 News
(N v (N) (CC) Premiere) (N) ( (CC) (N) ((PA) (CC) _(CC)
SPEED Pinks American Thun- American Thun- Redline TV (N) RedlineTV Pinks -All Out From Bristol Drag-
r u___ der- dert way in Bristol, Tenn.
Extraordinary Behind the Joyce Me John Hagee To- Bill Galther (CC) Praie the Lord (CC)
TBN Health Wih Jor- Scenes (CC) Enjoing Every- day (CC)
dan Rubin day ife(CC)
Everybody Family Guy Pe- Faml Gu "P- Family Guy Lois Family Guy The The Office Com- The Office Pow-
TBS Loves Raymond ter esona tears otWods" becomes a mod- Griffins open a pany basketball er goes to
The Mentor" drinking binge. (CC) el. (CC) restaurant. (CC) game. A (CC) Dwght's head.
Most True StoOverhauln' "Juvenile Delinquent" LA Ink "Pixie's Surgei" Pixie can- LA Ink' Kafs Gnarlay' Kat in-
TLC rides: rban Leg- 1967 Chevy Chevelle. (CC) not afford surgery she needs. vites her father to visit the shop. (N)
ends
:00 Law & Or- Cold Case "Family" Rush and Cold Case "The Promise" A coed Cold Case The mother of a mur-
TNT der Dining Out" Valens unravel the mystery of a dies in a frat house. 0n (CC) dered boy finds a letter suggesting
(CC) (DVS) girl's parentage. 0 (CC) his death was not random. A
TOON Home for Imagi- Grim Adven- Ed,Edd n Eddy Camp Lazio My Gym Part- Courage the Naruto
1O I nary Friends turesner's a Monkey CowardlyDog
/ :00)Toute une Une nuit dans la jungle Jungle lux- Femesbat- Humanlma Palaces du Invit de mar-
ST 5 store uriante de Guyane. tantes monde que "Pepsi"
T"U VC Storm Stories Abrams & Bettes Weather: Evening Edition (CC)
(:00) Yo Amo a Amar sin Limites Un hombre lucha Destilando Amor S.O.S. Sexo y Otros Secretes
UNIV Juan uerend6n para salvar a la mujer que ama. Maggie ha deddido seguir la sug-
erencia de Gabriel.
(:00) Law & Or- * TE BOURNE IDENTITY (2002, Suspense) Matt Damon, Franka Potente, Chris Cooper. An amnesiac
USA der: Special Vic- agent is marked for death after a botched hit. (CC)
times Unit 0
VH1 :00) Love the I Love the'90s: Part Deux "1997" Love the'90s: Part Deux Oprah Rock of Love- Britney's Shock-
90s: Part Deux Paula Jones' makeover. talks about Mad Cow disease. 0 Bret Michaels Ing Year
VS (L:00 legends of Legends of the Ring * ROCKY II (1979, Drama) Sylvester Stallone, Talia Shire. Under-
*" the Rng dog Philly fighter gets another shot at heavyweight champ.
(:00) America's Funniest Pets & Funniest Pets & Funniest Pets & Funniest Pets & WGN News at Nine (N) 0 (CC)
WGN unnlest Home People Funny People Funny People Funny People Funny
Videos 0 (CC) blooper videos. blooper videos, blooper videos, blooper videos.
Family Guy Bri- Beauty and the Geek "Opposites Reaper "Pilot" (Series Premiere) CW11 News at Ten With Kalty
WPIXA an is smitten with Attract The male beauty and the fe- Sam and his friends seek their first Tong, Jim Watkins (N) (CC)
Lois. (CC) male geek move into the house. escaped soul. (N) n (CC)
WO rK [Jeoardyl (N) Dr. Phil 0 (CC) News (N) Jeopardyl (CC) FraslerAdinner Frasler Frasier's
WSBK (C pay is nearly ru- rivalry with Bull-
ined. (CC) dog.0
S (6:151 AC- Little Rock Central: 50 Years Lat- (:15) The Brave Countdownto Telle You Love Me Katie con-
H BO-E CEPTED (2006) er (N) n (CC) One: HBO First Talor-Pavlik fronts Dave after catching him in a
Justin Long. n Look n (CC) (CC) private moment. n (CC)
5:30 THE Curb Your En- Curb Your En- **+ THE BLACK DAHLIA (2006, Mystery) Josh Hartnett, Scarlett Jo-
H BO-P SHASHANK thusiasm 0 thuslasm Sam- hansson, Aaron Eckhart. Premiere. Two cops investigate a starlet's grisly
REDEMPTION (CC) ple-abusers. murder in 1940s Los Angeles. 0 'R' (CC)
S** SHE'S THE MAN (2006, RomanceComedy) 15) ACCEPTED (2006, Comedy) Justin Long, Jonah Hill, Blake
HBO-W Amanda Bynes, James Kirk, ChanningTatum. A stu- Lively. A college reject and his friends create a fake university. 0 'PG-13'
dent poses as her twin brother. 0 'PG-13' (CC) (CC


(u00) ** LADY IN THE WATER (2006, Fantasy) Paul HOLLYWOODLAND (2006, Mystery) Adrin Brody, Ben Affleck, Di-
HBO-S amatti, Bryce Dallas Howard. A man becomes part ofane Lane. A detective probes the mystenous death of TV Superman
a bedtime fable. 0 'PG-13' (CC) George Reeves. 'R' (CC)
A E 3 THE LETHAL WEAPON (1987, Action) Mel Gibson, DannyGlover, KING KONG (2005) Naomi
MAX-E ETRN (2006) Gary Busey. A veteran detective is paired with an eccentric partner. Watts. A beauty tames a savage
0 'PG-13'(CC) 'R' (CC) beast. 0 'PG-13' (CC)
*A BANDIDAS (2006, Western) Penelope Cruz, *x DATE MOVIE (2006, Romance-Comedy) Alyson THE SEX SPA
MOMAX Salma Hayek. Two Mexican women battle a ruthless Hannigan. A hopeless romantic faces many obstacles (2003)Chloe. 0
American bank magnate. n 'PG-13' (CC) in her courtship. 0 'PG-13' (CC) 'NR(CC)
6 t *THE *** LAST HOLIDAY (2006, Comedy) Queen Latifah, GBrard Depar- Weeds "He Weeds "He
SHOW L EST YARD dieu, LL Cool J. iTV. A terminally ill woman lives it up on vacation. ( Taught Me How Taught Me How
(2005) 'PG-13' (CC) to Drive By" to Drive By"
(:45) * THE PASSION OF THE CHRIST (2004, Drama) Jim Caviezel, Monica Bellucci, ** THE TERMINATOR (1984,
TMC Claudia Gerini. Jesus endures the agony of his final 12 hours. (Subtitled-English) 'R' Science Fiction) Arnold
Schwarzenegger. 0 'R' (CC)


Il4


LIP


Let Cl alie tAe
BaClaKnina Pppet ad e
\is sidekick Derek pL-t +.
soIide s'niless o. yo0 L '1
kids's faceS.


.,/ '.


1Bring vLow cl ildren to t ie

McaCIppy -lour at c\AcDonaId's in
PCld aIcile ever y Tl tsday

f'om 3:30pm to 4:30pio dLur'ing t+1e
Month of September 2007.


Enjoy Great Food, Prizes and Lots of Fun.


I'm lovin' it


Simply the Best
NOW lkwl.


i7 Gift Ceffi

[make great gifts!
g& g- .........iii,,


TUESDAY EVENING


.








THE TRIBUNE


Liquefied


HP Recommends Windows Vista' Business






SYSTEMS DESIGNED


TO



HAR


WORK AS



P AS YOU Do.


' -' :-;.'
. .r- ...


I .
.-,. ,
,'"--
t^E'~-i!-


THE COMPUTER IS PERSONAL AGAIN.


Windows Vista'
.Business


Give your business security, performance, energy efficiency and management
stability with HP's high performance systems with AMD processors.
Wherever it is, your business will continue at a solid pace wherever you want it to go and
with your information strictly secure. Open your doors to HP's whole equipment, the force
your business was waiting for.





For more information visit: hp.com/car
For our local distributors: hp.com/car/buy


Valid until October 31st, 2007, Prices subject to change without previous notice, depending of the technological advance or parity, Simulated Images, 0 2007
Advanced Micro Devices Inc. All rights reserved, AMD, Turton, and any other combination of these brands are registered marks from Advanced Micro Devices
Inc. Microsoft and Windows are registered marks of Microsoft Corp. in the USA. 0 Copyright 2007 Hewlett-Packard Development Company. Some Windows
Vista functions requlere advanced or additional hardware. For more information, visit http://www.microsoft.com/wlndowsvlsta/getready/hardwareeqs,mspx
and http'/www,mlcrosoftco/wndovistgetready/capable/mspx. Windows Vista Upgrade Advisor can help you determine which Windows Vista functions
you can execute In your equipment. To download visit www.windowsvista,com/upgradeadvisor. Microsoft and Windows are registered marks from Microsoft
Corporation in the United States. Windows Vista is a commercial or registered mark from Microsoft Corporation in the United States and/or other countries.


AMD-


TurionM6'4
MOBILE TECHNOLOGY


T o fise in TheTHmTrf the #1 n


Feast


on


our


with Cheese


I'm lovin' It


-+)-


F


natural gas

regulations

'expected

shortly'

FROM page 1
The funds had been spent
on areas such as permitting,
engineering and cleaning up
Ocean Cay, Mr Samson added,
explaining that it would prob-
ably take six to nine months
to get all construction contracts
in place after a Heads of
Agreement was signed with
the Bahamian government.
'"The project's benefits are
fairly significant in dollar rev-
enues. Over the initial 25 years
of the agreement with the
Government, it's probably
over $1 billion in revenue ben-
efits to the Government," Mr
Samson said.
"It's a significant project,
and it brings a lot of goodwill
with Florida."
He added that Florida's
demand for energy, especially
clean, renewable sources of
energy such as LNG, was "not
going to go away".
The AES Ocean Express
terminal would regasify LNG
brought to Ocean Cay b y ship,
then pump it to Florida via a
95-mile pipeline to generate
electricity there.
The project will provide
about 50 full-time jobs and 600
construction jobs over a three-
year build out, and bring some
much-needed diversification to
the Bahamian economy.
Apart from annual business
licence fees and fees paid to
lease the sea bed, AES Ocean
Express would also pay a
throughput fee linked to the
Henry Hub natural gas index.
When the price of LNG G
pumped to Florida exceeded
this benchmark, the Bahamas
would gain a percentage of the
additional revenues. In 2005,
this would have generated an
unbudgeted $40-$50 million in
revenues for the Government
and Public Treasury.

Electricity makes
up 36 per cent
of water plant's
cost base
FROM page 1
Hills contract, used diesel dri-
ves instead of electric motors
to power the pressure mem-
brane water pumps at its exist-
ing Windsor plant, the paper
noted, and it was this solution
that it proposed for the later
plant that ultimately won the
BISX-listed company the bid.
The diesel driven alternative
was cited as the "most cost
effective alternative", unless
the Water & Sewerage Corpo-
ration had been able to obtain
a lower electricity rate from
the Bahamas Electricity Cor-
poration (BEC).
"The new seawater reverse
osmosis plant would provide a
major base loaded, new power
customer directly adjacent to
BEC's Blue Hills power sta-
tion," the paper said.
"Considering the size of this
account and proximity to the
power station, and the lower
transmission and administra-
tive costs to service this facility,
it was anticipated that there ,
would be an incentive to lower
the electricity tariff foj this pro-
ject. While the Government
did authorise a lower electrici-
ty tariff for this facility for the
first two years of operation, it
was later decided to select the
diesel driven alternative."


- I I I I IL I -----II~CII --LII ~---- -~I


I


C .LC--I 13 1 III 1 31 __


- I I BUSINESS


PAGE 8B, TUESDAY, SEPTEMBER 25, 2007


:~i~SFP~-!~i' '- ,, c ,.n46


Quaffil[tgom


Pondio?