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Permanent Link: http://ufdc.ufl.edu/UF00084249/02999
 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: 9/28/2007
 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_02999
System ID: UF00084249:02999

Full Text








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The


Tribune


BAHAMAS EDITION


Volume: 103 No.257


FRIDAY, SEPTEMBER 28, 2007


PRICE 750


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Government

reveals results

of audit scheme


* By PAUL TURNQUEST
Tribune Staff Reporter
TO DATE, almost 2,000
applicants have been approved
for permanent residence and/or
citizenship since the Immigra-
tion Department launched its
audit scheme in August.
According to Immigration
director Vernon Burrows, of
this total of 1,979 persons, 1,139
were from New Providence, 470
from Grand Bahama, and 370
from the Abacos.
"What we are doing, we are
still looking at most of the appli-
cations, and sorting them out
into various categories, who
applied for permanent residen-
cy, who is the ,spouse of
Bahamians, who applied for cit-
izenship.
"So we hope to have deci-
sions for those persons very
shortly. The decision may not
be 'Yes' or 'No', it may be that
you need more documents, or.
you need to come in for anoth-
er interview. It could be all sorts
of stuff. But we will be respond-
ing to all of them in short


order," he said.
Initially the audit exercise
struck fear in many persons who
felt that they were being tar-
geted for repatriation. However,
the government issued a state-
ment shortly afterwards reas-
suring the public that the exer-
cise was nothing more than an
effort to assist those who had a
"legitimate claim" to status in
the Bahamas.
The statement read that the
exercise was not a "registration
programme", or an offer of
amnesty for illegal immigrants,
but rather a way to simply
"expedite the regularization" of
all applicants who are long-time
residents of the country.
The audit was opened to
those persons who had applica-
tions dated before April 30,
2007 and lasted for two days.
Mr Burrows added that as a
bonus, the exercise allowed the
Department of Immigration to
update their database on per-
sons who may have changed
their address or phone numbers.
SEE page 10


Man is accused of murder


* By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT Eight Mile
Rock resident Angelo Brooks
Rahming was charged on
Thursday with the murder of a
local pastor in that settlement.
In anticipation of a crowd, police
took extra security precautions by


erecting barricades around the
parking lot and the perimeter of
the courthouse building.
Rahming, of Andros Town,
Eight Mile Rock, appeared
before Eight Mile Rock Mag-
istrate Debbie Ferguson. He
was represented by lawyer Paul
Wallace-Whitfield,
SEE page 10


Conference held on sexual violence Extradition
of 'Ninety'

Knowles

was wrong,


THE BAHAMAS Crisis Centre held a conference on "Creating partnerships to confront sexual violence in
the Caribbean" this week at the Wyndham Crystal Palace Cable Beach
68-yearold charged with ..........bigamy


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemredia.net
AN ELDERLY man was
arraigned in the Magistrate's
Court yesterday on charges of
being married to two women.
James 'Cyril' Roker, 68, of
Godet Drive, was charged before
Chief Magistrate Roger Gomez in
Court 1, Bank Lane, with bigamy
and making a false declaration
for the purpose of marriage.
Court dockets allege that on
Saturday, April 14, Roker


solemnly declared to the truth
of the contract of a marriage
knowing "the matter stated
therein" to be false.
Court documents also allege
that on Thursday, May 17,
Roker went through with a
marriage ceremony, while
knowing that he was already
married to another woman.
Dressed in a black dress shirt
and trousers with white tennis
shoes, he told Magistrate
Gomez he understood the
charges against him and plead-
ed not guilty.


Lawyers 'unable to serve
clients in Freeport due to
state of judicial system'


M By DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net
FREEPORT The "col-
lapsed" judicial system in the
northern Bahamas is severely
impacting the ability of law
firms and attorneys in Freeport
to properly represent clients
here on Grand Bahama.
Freeport lawyer Fred Smith
reports that clients are becom-
ing very frustrated and taking
out their anger on lawyers
because dates for hearings and
trials are not being set for legal


matters that are before the
courts.
Lawyers on Grand Bahama
have being complaining for
sometime about the lack of suf-
ficient magistrates and judges
here which has resulted in a
complete breakdown of judi-
cial services in Freeport.
With Acting Justice Peter
Maynard scheduled to leave on
Friday, Freeport will again
have no sitting judge to hear
civil or criminal matters until
November.
SEE page 10


His attorney, lan Jupp,
requested that his client's case
be heard in the Magistrate's
Court rather than the Supreme
Court. Inspector Ercel Dorsett
appeared as prosecutor for the
Crown.
Mr Jupp also argued that his
client was not a flight risk and
requested that his personal
belongings, which were in police
custody, including a passport,
driver's licence, and a birth cer-
tificate, be returned.
SEE page 10


says lawyer
THE extradition of Samuel
"90" Knowles was "in error,
wrong and illegal," lawyer and
social activist Paul Moss
claimed yesterday on More 94's
talk show, Real Talk Live.
The attorney was comment-
ing on the recent ruling by Pres-
ident of the Court of Appeal,
Dame Joan Sawyer, that For-
eign Affairs Minister Fred
Mitchell and Attorney General
Allyson Maynard erred in
allowing Knowles' extradition.
US Charge d'Affaires Dr
Brent Hardt said Sunday that
in the opinion of the United
States Samuel "90" Knowles'
extradition to that country was
legal.
Last week former foreign
affairs minister Fred Mitchell
and former attorney general
Allyson Maynard-Gibson
objected to comments made in
Dame Joan's ruling.
Mr Moss said he concurred
with Dame Joan's comments,
but her response may have
come a "tad bit too late".
"Samuel Knowles was
expelled from this country, it
was not extradition. Extradition
is clear. You are removed from
this jurisdiction after you have
exhausted all of your appeal. It
is clear that he had an appeal
pending," Mr Moss said.
SEE page 10


OPBAT to be officially

handed over from Army

to DEA in event today


OPERATION Bahamas
Turks and Caicos (OPBAT)
will be officially handed over
from the US Arniy to the Drug
Enforcement Administration
(DEA) on Monday.
To mark the occasion, which
will take place at the Security
and Intelligence Branch of the
Royal Bahamas Police Force,
Oakes Field, at 9.30 am, the
three US Army Black Hawk
helicopters stationed in the
Bahamas will perform a final
fly-over of the US Embassy's
Queen Street office and pro-
ceed to Oakes Field.


The Minister of National
Security, Tommy Turnquest,
will give remarks on behalf of
the government of the
Bahamas. Charge d'Affaires at
the US Embassy Dr Brent
Hardt will follow with remarks
on behalf of the United States
Government.
Immediately following the
remarks the three US Army
Blackhawk helicopters will offi-
cially leave The Bahamas, end-
ing 22 years of service in the
fight against drug trafficking.
SEE page 10


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Government to intervene in dispute



between hotel bosses and union


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
SENIOR officials from the
Department of Labour will
meet with representatives from
the Bahamas Hotel Catering
and Allied Worker's Union and
the Bahamas Hotel Employer's
Association today, in hopes of
resolving the labour dispute
between the two organizations.
This was announced by Min-
ister of Labour and Maritime
Affairs Dion Foulkes yesterday.
Last Friday, the union filed


a general dispute with the
Department of Labour against
BHEA for violating section 17
of the current industrial agree-'
ment, citing BHEA for refus-
ing to meet with union repre-
sentatives to discuss grievances.
In an interview with The Tri-
bune earlier in the week,
BHCAWU Secretary General
Leo Douglas threatened to call
a strike vote as the union's final
recourse to resolve disputes
regarding employee termina-
tions and suspensions.
During an interview with The
Tribune yesterday, Mr Foulkes


acknowledged that the possi-
bility of a strike in the hotel
industry is cause for concern,
and that his ministry would
assist the organizations in any
way he could to avoid a mas-
sive strike.
"I am always very concerned
whenever a dispute like this
arises, especially given the
maturity of the hotel union. It's
a very mature group of lead-
ers and it is clear to me that
they see a problem that they
want resolved, and so ... my
ministry and I will personally
be monitoring this situation


and if necessary I will person-
ally get involved to bring
(about) a resolution," Mr
Foulkes said.
Meeting

He added that an early morn-
ing meeting held at the Depart-
ment of Labour involving both
parties is scheduled for today
to be moderated by senior assis-
tant director Althea Albury.
"We have scheduled an early
meeting for it because of the
importance of the hotel industry


to our economy," Mr Foulkes
said. "The senior labour officer
will be meeting with both par-
ties tomorrow to see exactly
what the problem is and to what
extent we can get the matter
resolved. If there's no resolu-
tion at that level then it will
have to be referred to the
Industrial Tribunal for resolu-
tion and if there's no resolution
at that level. . the union can
apply for a strike vote."
The BHCAWU represents
the majority of hotel employ-
ees in the country, as well as
restaurant workers around


7,000 workers in all.
A strike vote would signifi-
cantly disrupt the operations of
the industry, BHEA vice-presi-
dent Michael Reckley told The
Tribune.
There are two sides to every
story, Minister Foulkes said,
and the Department of Labour
will act as an independent arbi-
trator to ensure an unbiased res-
olution, if possible.
"In this process we have to
be fair to both sides, in addi-
tion to being sensitive to the
union, we also have to be fair to
the operators of the hotels."


Two are charged with .


intent to endanger life ji


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
TWO people were arraigned
in the Magistrate's Court yes-
terday, charged with possessing
a firearm with the intent to
endanger a life.
Daria Major, 22, and Jamaal
Moxey, 24, stood before Chief
Magistrate Roger Gomez in
court one on Bank Lane.
They faced one count of pos-
session of a firearm with intent
to endanger a life and one count
of causing damage to property.


According to court dockets,
it was alleged that on Satur-
day, September 22, while
being concerned together and
with others, Major and Moxey
had a handgun in their pos-
session, with the intent to
endanger the life of Burshall
Bain.
The prosecution also alleged
that on the same day, while
being concerned together,
Major and Moxey intentionally
and unlawfully caused damage
in the amount of $2,000 to a
vehicle belonging to Burshall
Bain.


Major was represented by
attorney Michael Kemp while
Moxey was represented by
attorney Richard Boodle.
Inspector Ercel Dorsett
appeared on behalf of the pros-
ecution. Both Major and Moxey
pled not guilty to the charges
and were granted $7,000 bail
with one surety.
The conditions of bail are
they have to report to the Wulff
Road police station every Sat-
urday before 5pm.
A fixture hearing is sched-
uled for October 10 in court
six.


22-YEAR-OLD DARIA Major yesterday leaving
court after being charged with firearm possession


24-YEAR-OLD JAMAL Moxey leaving court
yesterday after being charged with various
offences


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THE TRIBUNE


PAGE 2, FRIDAY, SEPTEMBER 28, 2007


ir~iarn


You Ar


to Att











FRIDAY, SEPTEMBER 28, 2007, PAGE 3


O111


brief


Man thought
to have
drowned
off Exuma
A NEW Providence man is
thought to have drowned in
\\ aters off .lewfish Cay, Exuma
yesterday.
It is reported that 46-year-old
lai1 Ricardo Dorsett of Rock
( i usher Road was travelling on
a boat with another person
when at around 1.30pm, the
boat's motor fell into the water.
According to a statement
icleased by Chief Superinten-
dent Hulan Hanna, Mr Dorsett
dove into the water to retrieve
the motor. It is believed that
while attempting to swim back
to the boat he experienced
some difficulty, which resulted
in his drowning.
Around 2.30pm on Wednes-
day. Mr Dorsett's body was
brought to shore at Smith's
Creek in Stewart Manor, Exu-
ma. He was pronounced dead at
the scene.
Investigations are continuing
in the incident, but police say
that foul play is not suspected.

Firearm
arrest made
at Cocktails
and Dreams
POLICE made a firearm
arrest around 4 o'clock yester-
day morning in the parking lot
of the local night club, Cock-
tails and Dreams, on West Bay
Street.
According to a statement
made by Chief Superintendent
Hulan Hanna, a club patron was
ordered to leave the club by
security personnel because of
disorderly behaviour.
It is reported that a short
while later, while outside the
nightclub, the security officer.
saw the same individual
attempting to remove some-
thing, suspected to be a firearm,
from his waist.
A team of security officers
overpowered him, Mr Hanna
said. and a police officer on duty
at the club put the suspect
under arrest.
Police said that the suspect is
a 27-year-old male resident of
Pinewood Gardens who was
found in possession of a .45 pis-
tol with one live round of
ammunition as well as a spent
round.

West Bay.
Street lane
closed for
maintenance
THE government has
announced that the west-bound
lane of West Bay Street in front
of the Sheraton Hotel will be
closed for "maintenance from
Saturday, September 29 at 7am
to October 1.
Traffic will be diverted
through the western straw mar-
ket to the south side of West
Bay Street, according to the
Ministry of Works.




FLORIDA
Cash 3: 6-4-6
ILLINOIS
Midday Pick 3: 8-2-8
Midday Pick 4: 7-2-5-3
Evening Pick 3:
(Wednesday) 0-2-2
Evening Pick 4:
(Wednesday) 3-9-7-5
NEW YORK
Numbers Midday: 9-5-7
Win 4 Midday 4: 0-6-7-4
Numbers Evening: 1-8-4
Win 4 Evening: 3-9-2-8




SVex?
Email us at
whyyouvex@


tribunemedia.net
and let us
know what's on
your mind


* TROP 'iICAL~~J ~
XERINATO
PES COTO


Man accused




of harbouring




wanted man


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
A MAN accused of harbour-
ing one of the nation's most
wanted men was arraigned in
Magistrate's Court yesterday
on a number of charges.
Solomon Young, 35, also
known as Marvin Gibson, of
Baillou Hill Road south,
appeared before Chief Magis-
trate Roger Gomez in Court
One, Bank Lane, on charges
of harbouring Angelo Rah-
ming, a fugitive police were
actively searching for in con-
nection with the 2006 murder
of a Grand Bahama pastor.
As reported previously,
Rahming was discovered by
Flying Squad officers on Mon-
day at an apartment on Baillou
Hill Road south and taken into
custody.
According to court dockets,
it was alleged that during the


period November 13, 2006, to
September 24, 2007, Young
aided in the concealment of
the fugitive with the purpose of
enabling the fugitive to avoid
lawful arrest.
Young was also arraigned
on unrelated charges of steal-
ing and dishonestly receiving
stolen property.

Allegations

According to court dockets,
it was alleged that on Sunday,
April 29, 2007, he stole a tele-
vision, stereo, video game con-
sole, a pair of men's shoes, a
digital camera and a handbag
which contained a Bahamian
passport from a home.
Court dockets also allege
that on September 25, Young
dishonestly received a Bahami-
an passport of another, know-
ing it was stolen property.
He was not represented by


an attorney and pleaded not
guilty to all of the charges.
Young was remanded to
Her Majesty's Prison until his
bail hearing on October 5 in
Court Eight, Bank Lane.
Officers from the homicide
squad are still seeking the
whereabouts of five men want-
ed for questioning in connec-
tion with 2007 homicides.
The top wanted men are:
Edward 'Sin' Taylor, 37,
of Bacardi Road, wanted for
questioning in connection with
the murder of Eric McGregor
Shawn Mortimer, 18, of
Cordeaux Avenue, wanted for
questioning in connection with
the murder of Elima Souffrant
Dion 'Emperor' Knowles,
40, is wanted to help inquiries
into the murder of Kenvardo
Knowles
Marvin Sears, 32, of
Cordeaux Avenue, is wanted
for questioning in connection
with Markus Horton.


Responsibility for housing


trailers handed over to


MP Obie Wilchcombe


HOUSING and National
Insurance Minister Kenneth
Russell confirmed yesterday
that his ministry has turned
over full responsibility for tem-
porary housing trailers in West
End, Grand Bahama to the
area's MP Obie Wilchcombe.
Mr Russell told a news con-
ference at the Ministry of
Housing in Nassau that the
government intended to close
the temporary housing trailers
this week, but following dis-
cussions, he was advised that
Mr Wilchcombe was prepared
to take on the responsibility
for the temporary housing for
an additional three months.
Mr Wilchcombe told The
Tribune in a previous inter-
view that he was set to poten-
tially spend thousands of dol-
lars of his own money to
ensure that the group of per-
sons who government decided
to evict from their homes in
Grand Bahama this weekend
can remain.
The 41 people 18 adults
and 23 children all currently
live in what Mr Russell has
described as a "run-down
dump."
They have been housed in
trailer accommodations, origi-
nally intended as temporary
shelter, since Hurricanes
Jeanne and Wilma wrought
devastation on the island three
years ago.


The minister had issued a
notice requiring the persons to
leave the property by Septem-
ber 28.
Yesterday he noted that the
accommodation was only sup-
posed to be temporAry, was in
poor condition, housed some
persons who were never vic-
tims of the hurricane, and is
costing the government thou-
sands of dollars in utility bills.
However, MP for West End
and Bimini Mr Wilchcombe
has protested.
Mr Wilchcombe explained
that he believes one month
was not enough notice, and
that the hurricane season was
an inappropriate time for such


an eviction to be carried out.
As a result, Mr Russell said,
it was agreed that if Mr Wilch-
combe could find the money
to pay for the group to stay on
the property then they could
remain.
On Wednesday, Mr Wilch-
combe said he was getting
"some support from some peo-
ple" in footing the bill, but was
"pretty much" now personally
responsible for the costs.
According to Mr Russell,
the government has been pay-
ing water bills of up to $5,000
and electricity bills of around
$2,000 a month to maintain the
property since coming to pow-


e 11 SALE
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SOLOMON YOUNG, aka Marvin Gibson, a resident of Baillou Hill
Road South, was charged in court yesterday with harbouring a criminal


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PAE4,FIDAYSEPTEMBER 28, 2007E TTHEfTOTRHE IBUNE


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

LEONE. H. DUPUCH, Publisher/Editor 1903-1914

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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


A better way to engage Ahmadinejad


NEW YORK Having taken in this week's
visit to New York by Iran's President Mah-
moud Ahmadinejad and all that went with it,
your reporter is reminded of a story from long
ago and far away.
It's the tale of an old gunfighter, a classic
white-hat type who only reached for his shoot-
ing irons when absolutely necessary. When he
Jid reach, though, you didn't want to be on
:he business end of his quick and deadly draw.
Such was this gunslinger's fame that hardly a
day went by without a challenge from some
young gun looking to prove himself. One day,
while taking a ferryboat up the Mississippi, he
was approached by a particularly obnoxious
young man with a couple of six-shooters hang-
ing conspicuously from his belt. This upstart
- a classic black-hat type bragged to our
gunfighter that he could take him on.
"Go ahead," the man in the black hat said.
Draw."
The old gunfighter, accustomed to such
taunts, did his best to ignore the troublemaker.
But his indifference only enraged the man in the
black hat, who began to wave his guns in the air
in a show of belligerence that frightened the
other passengers on the boat. Seeing this, our
hero turned to the young gun and said: "OK,
son. If you want a fight, you got one. But there
are innocent people on this ferry who don't
need to get hurt. Let's just stop off on that
island over yonder, and we can settle this
between the two of us, man to man."
So they got the ferry pilot to pull up to a
small island in the stream. And just as the man
in the black hat stepped off the ferry, the man
in the white hat signaled to the pilot to get
going. The old gunfighter, the pilot and the
passengers looked back to see the young gun
stranded, alone, on the island, hopping mad


over the fight that he had wanted but been
denied by the old gunfighter's clever thinking.
Ahmadinejad comes to us like a villain out of
central casting, with his bellicose talk toward
the United States and Israel and his repugnant
Holocaust denial. This week, one and all got
their chance to boo and hiss his act, from the
New York Daily News with its headline "The
Evil Has Landed," to our U.S. delegation to the
United Nations, which left the General Assem-
bly when the Iranian president took the podium.
Those of us who have been around for a
while, though, remember that our white-hptted
nation has stared down and bested foes
that, like the Soviet Union, were much more
formidable than this one, all while never for-
getting to say "Sir" and "Ma'am." And at our
nation's best, such was our strength that we
did so without having to draw our big guns.
Most of the world is capable of seeing
Ahmadinejad for what he is a petty tyrant
with grandiose ambitions, a leader who must
seek outside enemies to bolster his shaky status
at home. This view is shared by many in the
Middle East, and indeed in Iran itself.
Deny him the fight he wants, and it seems
common sense that you have a better chance of
stranding him, alone, the better to undo himself
with his own words. Stoop to answer his taunts,
though, as so many of our American institutions
did this week, and we grant him the boast that
he stood toe-to-toe with the old gunfighter, on
his own turf.
The brewing Iranian nuclear crisis is much
more than a gunfight, of course, and there are
a lot of innocent people on this boat. That's
all the more reason to engage Ahmadinejad
with our smarts rather than just our emotions.
(This artide is by Dan Rather of the Hearst
Newspapers c.2007)


The plight of the loggerhead turtle


For a while during the 1990s, it looked as
though the loggerhead sea turtle might really be
making a comeback. But a new federal report
- a five-year review that was mandated by the
Endangered Species Act suggests that log-
gerheads, which are listed as threatened, have
begun to decline again.
Their life-pattern makes them doubly vul-
nerable to humans. They lay their eggs on
beaches, habitat vulnerable to development
and disturbance, in places like South Florida
and Oman on the Arabian Peninsula, and they
spend their long lives at sea, where .they are
often fouled in fishing nets.
It is partly the longevity of these creatures
that makes their death as bystanders among
the global fishing fleets feel so tragic, a truly
colossal waste of life. A loggerhead reaches
sexual maturity at around 35. Some kinds of
fishing, like shrimp trawl fishing, lend them-
selves to the use of turtle excluder devices,
which help sea turtles escape from nets. But it


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takes regular enforcement to ensure that those
devices are used, and enforcement is always in
short supply when it comes to the environment.
Much of the global fleet, which grows larger and
larger, is beyond such enforcement in any case.
For an oceanic species such as the loggerhead,
these are incredibly dangerous times.
Like almost any threatened or endangered
species, the loggerhead sea turtle raises a fun-
damental question about human will. The log-
gerhead has benefited from recovery plans,
special legal status, the dedication of scientists
and environmentalists and the general good
will of the public. And yet all of this concerted
human effort is required simply to restrain
human economic activity fishing especially -
enough to allow this extraordinary species to
share the planet with us. As always, in matters
of species preservation, our efforts look as
though they're directed at nature, when in fact
they're really directed at ourselves.
(This article is from The New York Times).


Babysitting




by police not




the answer


EDITOR, The Tribune
I REALLY must take issue
with thq parents and teachers
who are picketing in Rawson
Square demanding police offi-
cers be put on school campuses.
Once again, the whole approach
to crime and criminal activity
of all kinds is being addressed
backwards. These same parents
and teachers ought to be pick-
eting to demand instead that
the parents of these delinquent
children be held responsible for
their children's behaviour.
Adding police to the campus
and taking them away from
their much needed protection
of all citizens (that situation is
also backwards but needs to be


addressed in another letter), is
senseless unless we are plan-
ning to continue to accept crim-
inal activity as inevitable and
thus normal.
The programme of sending
delinquent children to special
programmes is commendable,
however, these programmes are
soon going to be overrun. It is
far better to start making par-
ents responsible in court when
their underage children commit
crimes. For vandalism, children
and their parents should be


made to undertake community
service, for theft and robbery
parents should be fined the val-
ue of the property stolen and
the children sent to juvenile
detention. For assaults against
individuals, both children and
their parents should be incar-
cerated. In addition, the parents
and their children should have
mandatory parenting coun-
selling. You think this sounds
draconian? What sounds dra-
conian is placing police officers
on school campuses. Schools are
there to educate, not provide
lockdown babysitting.
L MAJOR
Nassau
September 24 2007


EDITOR, The Tribune
TOO often anything that hap-
pens in Nassau or New Provi-
dence is attributed to the whole
of the Bahamas. Tribune
reporter Brent Dean stated in
his headline article of Septem-
ber 13th: "Police statistics have
revealed that the increased mur-


der rate this year reflects a wider
trend of violent crime which is
skyrocketing across the country."
Fortunately violent crime is
not skyrocketing across the
whole of the Bahamas. Most of
our Family Islands are peaceful
and practically crime free. Per-
haps police could provide the
media with crime figures that are


broken down into islands. Oth-
erwise reports such as this could
give potential visitors to our
shores the misconception that
crime is rampant throughout the
Bahamas which it is not!
FAY KNOWLES
Long Island
September 16 2007


Bacardi's leaving sad for Bahamas


EDITOR, The Tribune
COULD you please tell me
what's wrong with some of the
people who live here in The
Bahamas. I am writing about a
developer stating in the daily
print media that they are happy
Bacardi is leaving The
Bahamas. I am old enough to
remember when a part of the
Bacardi family came to the
Bahamas to set up business here
in The Bahamas, right after
Fidel Castro took over the Gov-
ernment in Cuba, and that was
through a Junta, and when even
the US Government supported
him.
At that time the Government
of the day, (the British) because
we were not even with internal
self government yet, and salut-
ing the full Union Jack in
school, sold that property out
in the sticks where no one was
at that time, to Bacardi. That
was at that time not even the
illegal immigrants that lived out
there now, were not even there!
They were living closer to the
City of Nassau, and they were


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"The roots of goals and dreams
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SUNDAY SERVICES
7:00am, 9:00am, 11:15amrn
PASTOR EARLE FRANCIS J.P.,D.D.
Marriage Officer, Counsellor, Intercessor
Phone: 323-6452 393-5798
sFax: 326-4488/394-4819


still in the bush. Even after the
Bacardi plant started up, the
late Nola Musgrove. (the moth-
er of Rev Simeon Hall) was
exiled out there, to do her
baked crabs, and to sell them
in the City. That was when you
were put out far away, to keep it
away from humans so they were
not in contact with any offensive
odours that they might smell,
or noises they might hear. So I
would like to ask why did you
go out there when they were
there first? You knew that is
why they were cast far out
there, because it was offensive
to people, for them to be closer
to the City of Nassau or the
greater city of Nassau.
Now with Bacardi leaving
The Bahamas, not only is a big
blow economically, but'a big-
ger blow to us. The Bahamas
as being a part of The Bacardi


line of products, that where
some were made here in this
country, and had our name on
the label made in The
Bahamas fJust irmfiheast-sev-
eral daysI have read, seen and
heard the media present a lot
of silly things people are saying
that just boggle my mind. They
just sit back and expect the gov-
ernment to suit their personal
selfish needs, and not keep in
mind the whole population of
this country. I guess they are
able to say these things because
of the FNM being in as the new-
ly elected government, with the
PLP you would not hear any-
thing, but it is just happening
one unexpected day, right out of
the blue!
LANCE WELLS
Nassau
September 5 2007


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THE TRIBUNE












THE TIBUNEFRIDA, SETEMBE 28, 007, AGE


SIn brief

Work placing
initiative
launched at
CC Sweeting
A BOLD initiative aimed
at rescuing less academically
inclined students from the pit-
falls of life after graduation
was launched yesterday at C
C Sweeting Senior School.
Twenty-five 12th graders
- all boys have been
recruited for the Work-Based
Learning Programme which
begins on Tuesday, October
2 and will continue until May
2008, when the students
return to school full-time to
prepare for examinations.
Under the programme, the
students are expected to be
at various businesses three
days each week and at school
on Monday and Fridays.
C C Sweeting's Principal
Delores Ingraham said this is
a pilot effort and whether it
continues will depend on its
initial success. Its goals are to:
extend the walls of the
classrooms to include the
community
assist the teenagers in
their transition to the work
environment
avoid creating drop-outs
because of academic weakness
build a foundation for a
more productive economy
through the teaching of
career-boosting trades
make education more
relevant
strengthen the public's
confidence in the school sys-
tem
Mrs Ingraham said the idea
for the Work-Based Learning
Programme was hatched dur-
ing a brain-storming session
she had with teachers this
summer.
"If these boys do us
proud," she said, "then
maybe the Ministry of Edu-
cation will let us continue
next year," she said.


0*-iiziFu~ie

Ues."'t-o


Former gang leaders appeal




to students to stop violence


FORMER gang leaders visit-
ed D W Davis Junior High
School in the wake of contin-
ued violence in the public edu-
cation system.
The visit was part of the Min-
istry of Education's ongoing
effort to combat negative
behaviour among students.
"We don't want to see anoth-
er youth go down", was the mes-
sage Carlos Reid and his associ-
ates brought to the students.
Mr Reid, accompanied by
reformed gang leaders Keith
Gray and Drexel Deal, along
with the musical group Plat-
inum Soldiers, shared their


experiences of gang life with an
attentive student body. Mr
Gray, a former student of D W
Davis, said that his downward
spiral began in 7th grade when
he was a part of a delinquent.
group of boys from Strachan's
Corner causing trouble at
Aquinas' fairs; later he became
of a member of the notorious
Rebellions gang.
"I could not go east, west,
north or south I was trapped
in a gang", he stated.
Mr Gray said that he was
even hesitant to do simple
things on his own like visit the
school's bathroom for fear


that we would be attacked by
rival gang members.
He urged students to stop
making excuses for their wrong
choices saying that this is what
turned around. Today, he is a
licensed electrical contractor
and owns a business.
While most of the messages
were directed to the male stu-
dents, the group also appealed
to the female students to respect
themselves and not sell them-
selves short.
Drexel Deal, blinded by bul-
lets during an attempted rob-
bery, said that he has no regrets
about losing his sight.


"I lost my physical sight only
to gain my spiritual sight," he
said.
He told students that the two
friends that were with him dur-
ing the incident did not learn
anything from it one was later
shot during a bank robbery in
Lyford Cay and the other died
in a drug hit. '
Carlos Reid, who is well-
known as the founder of Youth
Against Violence, told the stu-t
dents that they should all have a
degree in "OPE which stands
for other people's experiences.
He said that by sharing their
experiences, they hope to con-


vince some students to change
their course in life.
Mr Reid advised the students
that, while a smart man learns
from his mistakes, a wise man
learns from the mistakes of a
smart man.
After the tough talk session,
Mr Reid invited the students to
be a part of a music video he
and his team were producing.
The video required the stu-
dents to sing the words "I don't
want to see another youth go
down".
He also presented copies of
his book Facing the Future, to
the school's library.


62 'best qualified' security staff to be placed in schools


MINISTER of Education
Carl Bethel has announced that
14 of "the best qualified" secu-
rity guards will be sent to schools
throughout New Providence and
another 48 will be distributed
throughout Grand Bahama.
Mr Bethel said that it is the
goal of his ministry to see that
there are at least two security
officers placed in every school
for the night shift.
He made this announcement
during a meeting with the pres-
ident of the Bahamas Union of
Teachers Ida Poitier and her
team to discuss general matters
of concern.
Among the issues discussed
was the matter of having addi-
tional trained janitorial staff and
security officers placed in the
schools, disciplinary difficulties,
parental participation, and mat-
ters relating to the curriculum.
On the issue of janitorial staff,
Mr Bethel explained that the
ministry is searching the public
service to find available janito-
rial staff that can be seconded.
He agreed that training had
to be looked at, and that
healthy people who are men-
tally stable and of good charac-
ter must be engaged in the
future for janitorial and securi-
ty positions.
Union members expressed


concerns about discipline in
schools and gave examples of
how the authority of teachers
is daily being challenged by stu-
dents and even some parents.
They said that the discipline
policy needs to be revised with
a view to ensuring its relevance.
Mr Bethel said that more cre-
ative ways must be found to
address the disciplinary prob-
lems that schools face, and he
encouraged the BUT members
to form a consultative commit-
tee, including psychologists and
other professionals, to begin
looking at a workable plan.
He advised that programmes
- including Success Ultimately
Reassures Everyone (SURE)
and Providing Access for Con-
tinuing Education (PACE) -
would be implemented in the
case of disruptive students who
can no longer function within
the regular school system.
In an effort to address the
issue of lack of parental partic-
ipation, Mr Bethel said that the
ministry will hold regional Par-
ent /Teachers Association
(PTA) meetings where various
concerns can be discussed and
parents can be encouraged to
play a more active role in the
lives of their children.
Noting that the national aver-
age on the Grade Level Assess-


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ment Test (GLAT) is a "C", the
minister indicated that he believed
this was so because the students
were tested on the basics.
He noted that as other subjects
are added as the students advance,
the national average drops.
Mr Bethel said the allocation
of time across subjects would
be looked at to produce a more
focused curriculum.


MINISTER OF Education Carl Bethel with BUT president Ida Poitier,
ministry personnel and union officials


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 ofACCPAC and EXCEL
Knowledge of WORD, OUTLOOK and POWER POINT
Skills:
Applicant must be deadline oriented, exceptional communication skills working with a wide range
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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.


FRIDAY, SEPTEMBER 28, 2007, PAGE 5


THE TRIBUNE









THE TRIBUNE


PAGE 6 FRIDAYSEPTEMBER 28, 2007


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* Must possess a high school diploma with BGCSE examinations
of grade "C" or above in Math and English.
* Must possess good oral and written communication skills.
* Must be computer literate.
Interested persons should send their resume to email address
info@flameless.com.
Deadline is Friday, October 5,2007.


OAL


New regulations for



small boat operators


* By Bahamas Information
Services
THE government has moved
to regulate small boat opera-
tions in Bahamian waters.
New regulations incorporat-
ing the regional Caribbean Car-
go Shipping and the Small
Commercial Vessels codes are
slated for implementation by
year's end, said Captain Dwain
Hutchinson.
The master mariner and
deputy director of the Bahamas
Maritime Authority based in


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London, England spoke at the
Ministry of Maritime Affairs
and Labour's small boat safety
seminar yesterday at BASRA
headquarters.
The Fox Hillian encouraged
youngsters to pursue a career
in the maritime industry.
"The fact that I am here
today is obviously evidence that
anyone can do it," he said.
A wide cross-section of rep-
resentatives from the maritime
industry heard presentations on
the legal aspects of boating safe-
ty, safe manning, search and res-
cue, and standards of training.
Capt Hutchinson is in charge
of inspecting all the vessels on
the Bahamas ship registry and
also co-ordinates activities in
the Caribbean.
Shipping represents over 90
per cent of all world trade an
indication of its importance to
archipelagic nations like the
Bahamas.
"The world in terms of
inspection is very small," he not-
ed. "Countries have formed
themselves into regional bod-
ies to check ships coming into
their areas."
In order to inspect ships sim-
ilar to those that ply Bahamian
waters, the Caribbean through
the International Maritime
Organisation has developed the
Caribbean Cargo Ships Safety
Code and the Small Commer-
cial Vessels Code for ships trad-


ing in the Caribbean region, he
explained.
"That is going to impact a lot
on small ships operating in the
Bahamas," said Capt Hutchin-
son. "We are looking at apply-
ing to our own ships the same
standards which we use for
small ships of other countries
coming into the Bahamas.
"Once that comes into effect
the Port Department in con-
junction with the Bahamas Mar-
itime Authority will be pushing
the inspection regime that we
are now utilising for the inter-
national ships on to the smaller
ships. Safety is the key here.


"If in introducing these new
requirements anyone feels we
are being too onerous, our main
aim is safety," said Capt
Hutchinson. "All the rules and
regulations and guidelines we
will bS bringing out will be
geared towards ensuring safety
for all and everything con-
cerned."
He admitted that private ves-
sels are a challenge. The
Bahamas is "drawing a lot from
the experiences gained by oth-
ers who went through the same
process that we will no doubt
go through once we bring in
these new codes," he said.


Trying 'to stay on map' in shipping


THE Bahamas Maritime
Authority is doing everything
it can to ensure that the
Bahamas "stays on the map as
a global presence" in the ship-
ping industry, said BMA
deputy directory Dwain
Hutchinson.
"We have an excellent team
in Nassau and in London," Cap-
tain Hutchinson told the audi-
, ence at the Ministry of Mar-
itime Affairs and Labour's small
boat safety seminar yesterday


at BASRA headquarters.
He is in charge of a team
responsible for the inspection
of the Bahamas' internationally
registered fleet, most of the ves-
sels ranging over 500 gross tons.
The Bahamas has the world's
third largest ship register.
As many of the standards on
board ships are determined by
international regulationS, a part
of Capt Hutchinson's remit is
participating in discussions that
impact Bahamian registered


ships and others.
"When those other ships
come to the Bahamas," he said,
"we get to inspect them against
international standards just like
Bahamian ships when they go
to other ports. They are inspect-
ed against international stan-
dards.
"We are very conscious of the
Bahamas being the third largest
registry in the world, enstiing
that all bur ships are maintained
to that standard at all times."


'9Q


PARTICIPANTS ATTEND the Ministry of Maritime Affairs and
Labour's Small Boat Safety seminar and drill at the Bahamas Air
Sea Rescue Association (BASRA) headquarters on Thursday


NOTICE TO ENGINEERS





I


PROFESSIONAL ENGINEERS BOARD

The Bahamas Professional Engineers Registration Board is pleased to
advise that it is currently accepting applications from all persons who
wish to be registered as Professional Engineers in accordance with the
Professional Engineers Act, 2004. In this regard Application Forms,
Completion Instructions, and other pertinent registration documents
can be accessed and downloaded as necessary from the Board's website
at www.pebbahamas.com. Completed applications are to be remitted to
the Board's Registrar Mr. Carleton S. Blair, C. Eng., R. E., at the
address given under "contact information" on the website and to whom
all queries should be directed.

Carleton S. Blair, C. Eng., R. E.
Registrar BPEB


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THE TIBUNEFRIDA, SETEMBE 28,C007,NAGES


Maritime industry needs



expansion, says minister


THE maritime industry is
capable of becoming the third
pillar of the economy accord-
ing to Maritime Affairs and
Labour Minister Dion Foulkes.
"I am convinced that the
maritime industry in our coun-
try can significantly expand and
rival the financial services sector
once we tap fully into its poten-
tial," said Mr Foulkes.
"This can be done most effec-
tively by training and sensitising
our youth to the career oppor-
tunities available in the mar-
itime industry."
Mr Foulkes commended
Bahamian senior high school
students for taking advantage
of career opportunities in the
maritime industry.
Already, 190 seniors have
graduated from the Bahamas
Maritime Authority's Marine
Cadet Corps.
In addition 23 cadets have
graduated from subsequent pro-
grammes at Holland College in
Canada.
The Bahamas Maritime
Authority and the Bahamas
Ship Owners Association have


provided full maritime scholar-
ships for eight students studying
at the California Maritime
Academy in Valleju, California.
Mr Foulkes was speaking on
Wednesday during the official
opening of the Ministry of Mar-
itime Affairs and Labour's exhi-
bition at the Mall at Marathon
marking World Maritime Day.
The exhibition featured the
work of Clipper, Dockendale,
the Royal Bahamas Defence
Force, the Port Department and
the Bahamas Maritime Author-
ity's Maritime Cadet Corps.
It is open through Saturday.
World Maritime Day is cele-
brated each year during the last
week of September. It is used to
focus attention on the impor-
tance of shipping safety, mar-
itime security, the marine envi-
ronment, and aspects of the
work of the International Mar-
itime Organisation (IMO).
The Bahamas International
Ship Registry, the world's third
largest, is in its 30th year.
As an active member of the
IMO, having sat on its council
for the past seven years, Mr
A


-


MARITIME AFFAIRS and Labour Minister Dion Foulkes shares a light
moment with his team at the Maritime Day exhibition at the Mall at
Marathon. Pictured from left are port director Capt Anthony Aliens,
permanent secretary Thelma Beneby, Mr Foulkes, and Lt Com Herbert
Bain of the Port Department.


Foulkes said the Bahamas
played a critical role shaping
world shipping policy; sat on all
IMO main committees; and
contributed to the ratification
of all major IMO conventions.


"This exhibition was planned
to create an awareness among
our young people to career
opportunities available to them
in the maritime field," said Mr
Foulkes.


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Mothers...Daughters...Sisters...

Warriors...Victors...Survivors...


The Tribune observes Breast Cancer Awareness Mouth starting October 1-31, 2007
with health tips, mammogram vouchers and survivors profiles,


The Tribune

1410/^- IVPwy^-


Denise

Baker

Smith
Breast Cancer
survivor and
2007 Denim Day
Spokeperson


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Health For Life


I


FRIDAY, SEPTEMBER 28, 2007, PAGE 7


THE TRIBUNE


7 7.P... r.,: 1












THE COLLEGE OF THE BAHAMAS


PAGE FRDAY, EPTEBER28,2007ATHEEWSTRIBUNE


xiEDUCAmwc & dmmECfASiMS


Qzz
UNDER THE STARS

FESTIVAL 2007


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


HUNDREDS of young peo-
ple are expected to turn out this
Sunday evening to attend the
ecumenical service launching
the activities for National Youth
Month.
The service, which was origi-
nally to be held at Rawson
Square, has been moved to the
Kendal G L Isaacs Gymnasium
due to inclement weather fore-
casts for Sunday.
Local and international
weather reports call for rain
throughout the weekend.
Various youth organizations
will participate in the service
and Father.
Glen Nixon, Pastor of St
Francis Xavier Catholic Cathe-
dral will deliver the sermon.
Under the theme, "Celebrat-
ing youth -.champions for
change", throughout the month
of October the Bahamas will
celebrate its young people in a
number of events and activities
designed to showcase their tal-
ents and achievements.
Other events for the month
include:
Monday, October 1 offi-
cial opening of the Junior
Achievement 2007 programme
Sunday, October 7 3pm,
the National Youth Rally will
be held at Fort Charlotte, and is
expected to attract over 20,000
young people. Immediately fol-
lowing the rally, the Annual
Youth March will begin and
over 150 youth organizations
will march through the streets of
New Providence to the sounds
of marching bands and
junkanoo.
Monday, October 8 6pm,
the Caribbean Youth Pro-
gramme Lecture Series will be
held. Henry Charles, regional
director of Commonwealth
Youth Programme Caribbean
Centre in Georgetown, Guyana,
will speaker on the topic "Shift-
ing the paradigm in the youth
development policy environ-
ment".
Tuesday, October 16 9am


MINISTER OF State for Youth and Sports Byran Woodside yesterday '
at a press conference on National Youth Month


to 3pm, the National Youth
Forum, focusing on the nation-
al youth policy, will be held at
the Earl Weech Auditorium of
Calvary Bible Church, Collins
Avenue. One hundred young
people from New Providence
and the Family Islands will be
consulted on the way forward
in implementing the new poli-
cy.
Wednesday, October 18 -
7pm, outstanding youths will be
awarded for their achievements
during the Annual Youth
Recognition Ceremony at the
National Centre for the Per-
forming Arts.
Friday, October 19- 10am,
young people from various
schools, youth organizations,
and the Family Islands, will
gather of the House of Assem-
bly for the Annual Youth in
Parliament.
Wednesday, October 24 -
54 student leaders from 27
senior high schools will gain


work experience as they work,
along side various corporate
managers/CEOs on Youth irn.
Business Professional Day. .,
Sunday, October 28 4pmn
Rawson Square, the public wilj
be treated to music by various
youth bands during the Annual
Youth Band Encounter, or
what is often referred to as the
Youth Beat Retreat.
The month long celebrations,
will end on Wednesday, Octoa
ber 31 with the Minister's,
Youth Round Table. ,V
This event allows Minister ot
State for Youth Bryan Woodr
side to meet young people int
an informal setting to seek their
views on matters that affect
them.
Similar celebrations to those
being held in Nassau will be,
held throughout the Familyj
Islands, with officials from the,
Ministry of Youth planning to
attend as many of them as pos-
sible.


FNM supporters mourn death of

meritorious council member


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GOURMET DINING

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GaaCnetadDne -i$17


Gala Concert and Dinner $175
Includes Gala Concert and Dinner

General Admission $50


For reservations,
sponsorship opportunities and
further information, please call
Office of Communication
at telephones
302-4304/4353/4354/4366


Executive Producer Patricia GLinton-Meicholas
Show Producer Roscoe Dames "s Jazz"
Bank f Bahmas Iternaiona


THE FNM is mourning the
passing of a meritorious council
member who the party's nation-
al chairman described as "faith-
ful, devoted and committed to
the cause of the organisation".
Mary Brown, who has been a
member and supporter of the
party practically since the estab-
lishment of the FNM, passed
away last week leaving to
mourn four sons two daughters
and other relatives including the
entire FNM family, said the par-
ty in a statement.
"She was one of those strong
unflinching members of our
party who went with us through
victory and defeat and who was
never deterred in her determi-


nation to be a part of our
gle to succeed," said
chairman Senator Johnle
guson.
"Mrs Brown's husband
late Taxicab Union o
Alfred Brown, who p
away a few years ago, was
staunch FNM member an
dom fighter and together
championed the party's c&
many years especially i
Fort Charlotte constituent
Mrs Brown was also for
moving force in the party's
en's Association where o
occasion she served as vice
ident and later as treasurer
the presidency of Brenda A
The FNM chairman sai


str
Fl
y F
nd
ffi
as
al
d fi
r ti
ise
in
ncy
yea
We
)n c
e p
dur
rcl
dt


rug- Mrs Brown will be given the fu
NM honour and tribute the party,
Fer- accords to all "fallen champions"'
and especially to freedom fighters
the and meritorious council members.
cer Those party tributes will'
sed begin when her body is placed
so a to lie in state at FNM head-'
'ee- quarters on Mackey Street
hey today between 10am and 4pm.1
for Party leader Prime Minister
the Hubert Ingraham will lead a,
Y." delegation of cabinet ministers,'
rs a parliamentarians, party officers'
om- members and supports in pay-
one ing tribute to her during a reli-,
res- gious memorial service.
Wing "Then on Friday evening, the,
her. FNM Women's Association in:
hat which Mary Brown has played;
such a pivotal role for so many!
years will hold a vigil at party
headquarters beginning at
7pm," Mr Ferguson said.
Those expected to join the.
family of Mrs Brown on that'
occasion will include cabinet
ministers, parliamentarians mer-
itorious councillors and other
FNM supporters.
Funeral services for Mary
Brown will be held at St!
Joseph's Catholic Church on,
Saturday September 29 at'
10.30am.0


The4
-Way
Test
of things we
think, say or do
1. Is it the TRUTH?
2.Is it FAIR to all
concerned?
3. Will it build
GOODWILL and
BETTER
FRIENDSHIPS?
4. Will it be
BENEFICIAL to
all concerned?
www.rotary.org


Visit our websire ofat www.cob.edu.bs


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.


a


PAGE 8, FRIDAY, SEPTEMBER 28, 2007


THE TRIBUNE


National Youth




Month activities




to be launched










THE TRIBUNE


FRIDAY, SEPTEMBER 28, 200)i, PAE,!. .


It's not the Straw Market any




it's turned into a flea market


NASSAU'S flea mar-
ket, I mean straw
market, is an eyesore, a ghastly
national blemish which has
become a liability to our coun-
try's tourism industry.
The destruction of the old
straw market by fire in 2001,
and the subsequent erection of
a makeshift tent, have further
set the market on a downward
spiral. The present straw market
is a major blot on downtown
Bay Street that has, itself,
become a loathsome monstros-
ity.
In its glory days, the straw
market used to be a major
tourist attraction. Today, it is
nothing but a grubby, dusty
zone where tourists are con-
stantly harassed by overly
aggressive vendors on a site
where patrons could watch a
live version of 'Tom and Jerry'
as rats and other rodents are
permanent residents.
The straw market is nothing
more than a condemned struc-
ture where health and environ-
mental hazards are the order of
the day.
These days, the so-called
straw market is really a flea
market with hardly any authen-
tic Bahamian-made items.
Frankly, it no longer reflects
Bahamian culture, and the cur-
rent "straw vendors" should be
held partially responsible for
the decline in our tourism prod-
uct.

If anyone is in search of
items made in China, Tai-
wan or the Phillippines, the
Bahamians "straw market" is
the place to shop! The market,
which is thought to be repre-
sentative of Bahamian culture
and lifestyle, is also an infamous
depot for fake designer goods
ranging from Prada to Gucci
th Fendi to Louis Vuitton and
much more.
Paris might be the fashion
capital of the world, but the
market is the knock-off mecca
of this region.
Gone are the days when ven-
dors toiled to create, and/or pur-
chased native-made hats, bags
and mats from Family Island
suppliers.
According to historians Gail
Saunders and Michael Craton,
in days gone by:
"Women and children
through the islands processed
the palmetto straw and sisal
fibre and wove plaits to send to
Nassau. There, popular items
were almost mass produced in
workshops over-the-hill for sale
in specialised stalls that out-
numbered those selling fruits
and vegetables."
Growing up on Long Island, I
watched my grandmother -
Lenora Gibson weave plaits
to send to Nassau, primarily to
Elsie Knowles, who remains
one of the premier straw and
craft purveyors today.
I gleefully recall being taught
the plait patterns and vividly
remember assisting my grand-
father Edward Gibson as
he went about cutting down top
trees and himself occasionally
plaiting as a past-time (usually
baskets used when catching
crabs). So, what has happened
to the straw vendors that actu-
ally cared to produce authentic
goods?

In May, 2003, the Bahamas
was cited for copyright
infringements and subsequent-
ly placed on a priority watch
list.
Earlier that year, Allyson
Maynard-Gibson, the then min-
ister responsible for financial
services and investments, gave
assurances that her government
was tackling copyright abuses
because the patent and unbri-
dled breaches of copyrights had
cast a shadow over the
Bahamas, giving the impression
of a place wherd intellectual and
property rights were neither
respected nor protected.
Although the Copyright Act
was amended, and the Bahamas
was thereby taken off the pri-
ority watch list, the government
has not yet implemented any
aspect of those amendments.
The Bahamas faces sanctions
and sobering ramifications (law-
suits and severe penalties) for
violations of copyright laws.
Bahamians should look no fur-
ther than Nassau's prized straw
market to see some of the most
serious fireaches of interna-


tional conventions and copy-
right laws, as some vendors are
nonchalantly flaunting and sell-
ing goods that they have no


YOUNG MAN

AD R I A N G


right to! buy "s
Why aren't the police confis- touch
eating the counterfeit designer cocainn
items that are brazenly pawned I was
throughout the "straw market"?
Why haven't the offending ven-
dors been arrested?
The
T his summer, two Shou0
friends from Holland gracd
visited me for nearly a month.
At some point, I took them to to th
the straw market where, upon acco
entering the sweltering, inade-
quately lit and claustrophobic Prinn
tent, we were immediately Wha
pounced on by extremely pushy
vendors.
I could see the frustration on
my friends' faces as vendors passed,
hassled them at every point in ed his e
the market They could not sales pi
peacefully look at an item with- need fo
out some vendor calling them
"sweetie", "pretty lady" or
"honey".
The brusque, improper
behaviour of these sales per-
sons reminded me of a Nation-
al Geographic scene where a


The straw market
is nothing more
than a condemned
structure where
health and
environmental
hazards are the
order of the day.


pride of hungry lions ambush
and attack a deer, then-savage-
ly tear the meat from its bones!
Quite frankly, some of the straw
vendors behaved like skilled
beggars. I have never been so
ashamed!
While in the market, a vendor
also attempted to sell a fake
designer bag to us. The initial
price quoted was $80, but after
discovering that I am a Bahami-
an and hearing my objections,
she dropped her price to $50.
This vendor also became very
hostile when she discovered that
I would not allow her to "swing
and swindle" my friends.
In the end, we left without
the bag and, upon hastily exiting
the tent, the relief I saw in my
friends' faces and heard in their
voices was undeniable.

n its present state, any vis-
itor or patron of the straw
market must brace themselves
to face exorbitant prices and
prepare to haggle and they
must be a skilled negotiator or
barter king!
The area around the straw
market is also a site where drug-
peddling bums roam. During
the summer, as these same
friends and I waited onboard a
boat that was transporting us
from the Prince George Wharf
to a submarine, one of them
was approached and auda-
ciously asked if she wanted to


f'


'S VIEW

I B S O N


some weed or have a
of the white lady
e).'"
taken aback and embar-


e vendors
lid quietly and
iously relocate
ieir temporary
mmodation at
ce George
rf.


and immediately thwart-
efforts to continue his
tch. here is an urgent
r a strong security pres-


ence around the straw market,
the tour boats and on Bay
Street. All suspicious characters
and vagrants must be removed.
Bahamians are capable of
incredible craftsmanship. Fam-
ily Islanders continue to pro-
duce hats, bags, mats, brooches,
cuff links, hair accessories, uten-
sils and other items from shells,
straw, wood and coconuts.

B AIC chairman Edison
Key and his team/asso-
ciates should be congratulated
and encouraged in their push
to promote authentic Bahamian
products. In addition to raising
the level of their products, some
straw vendors and crafts per-
sons must learn good manners
and the value of being courte-
outis.
Works minister Dr Earl
Deveaux is correct in stating
that the government must build
a market that not only address-
es the immediate needs of a few
hundred vendors, but also one
that fits into the upgrades set
to revitalise Bay Street and the
overall tourism product.


103 MI. Royal Ave. & Talbot St.
P.O. Box EE-17228
Telephone: 328-4900
Fax: 328-4903 Cell: 456-9062.436-3586


Tyrone Ferguson age 39

of Cox Avenue, Carmichael Road will be held
on Saturday at 2:00p.m. at Pilgrim Ministries
International, Minnie Street. Officiating will be
Bishop Hosea R.Cox assisted by other Ministers
of the Gospel. Interment will follow in Southern
Cemetery Cowpen and Spikenard Road.

Left to cherish his fond memories are his
father: Leonard Ferguson; mother: Geraldine
Ferguson; two brothers: Jerome and Godfrey
Ferguson: three sisters: Monique Cash,
Bernadette Ferguson; and Deborah Hunt; three
aunts: Rev. Vivian. Cox, Geraldine Solomon,
and Margaret Ferguson; two uncles: Andrew
Ferguson and Bishop Hosea. Cox; three
nieces: Kendera, and Alena Ferguson, and
Tiffany Hunt; six nephews: Tyrel Hunt, Godfrey
Ferguson., Demetrius, Alexander, Emmanuel,
and Valentino Cash; one sister in-law: Elizabeth
Ferguson; two brothers in-law: William
Hunt and Alexander Cash; four grandaunts:
Rev Curlina Cox, Inez Ferguson, Madlina
George, Evangelist Petrona Ferguson; two
granduncles: Leo Ferguson, Edward Johnson;
two grandnieces: Destiny Pratt and Shamaya
Mason; a host of cousins to numerous to
mention; and many other relatives and friends.

Viewing will be held in the State Room
of Jones Brothers Morticians Mt Royal
Avenue and Talbot Street on Friday from
10:00a.m. to 6:00p.m. and at the church on
Saturday from 1:00p.m. until service time.


As the government moves to
construct a state-of-the-art straw
market, the vendors should qui-
etly and graciously relocate to
their temporary accommoda-
tion at Prince George Wharf,
which will no doubt be safer
and an upgrade from the pre-
sent site.
Bahamian taxpayers should


no longer be burdE'ned with
subsidisiug straw ve.do!s
When the new market is co
pleted, it must be dema.nded
that straw vendors not only pa'y
rent, but also that most vendw.:
are Bahamians and ilat All
goods sold are authentic wmd
made locally!
ajbahama@hkotmaip. cor,


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PAGE 10 FRIDAYSEPTEMB 7


LOANW


Lawyers 'unable to serve


clients in Freeport due to


state of judicial system'


FROM page one
Of the four Magistrate's
Courts, there are two magis-
trates serving on the bench in
Grand Bahama.
Supreme Court Registrar
Stephana Saunders, who was
recently appointed as an acting
magistrate, is filling the vacan-
cy left by a third magistrate,
who is on leave indefinitely.
Mr Smith, a partner at Cal-
lenders & Co, said the present
state of the judicial system in
Freeport is a "national dis-
grace."
"I have been practising law
in the Bahamas for over 30
years and I am now finding it
impossible to properly repre-
sent clients," he said.
"The judicial system has col-
lapsed in the northern region.
And for years I have been
complaining that we only had


one acting judge when we need
at least two full-time judges (in
the Supreme Court).
Mr Smith said that the law
firm has had to stop taking on
new cases because of the diffi-
culty in getting dates for hear-
ings and trials.
He said it is impossible to
conduct a business of a counsel
or an attorney in litigation, in
Freeport.
"I believe that Justice May-
nard's last day in office is Fri-
day, and I don't believe there is
a substitute civil judge even
acting, that will be available
until November,"
"The Magistrate's Courts
have completely closed down,
and ... the Industrial Tribunal
does not function, and people
are simply left with no access
to justice in the northern
region," said Mr Smith.
Mr Smith said there has


been no organised system of
administering justice in
Freeport for years.
"I don't understand how a
community that generates over
$150 million a year in taxes is
treated so badly by the central
government by both the PLP
and the FNM," he said.
"There is no sense in boast-
ing internationally that we are
a commercial centre, or an
attractive investment location
when all we have is a pretty
building and no judges I
know that many lawyers have
offered to act as judges."
"How are the law firms sup-
posed to operate and provide
legal services if there is no
court system?" Mr Smith
asked.
He said that Freeport
deserves better, especially as
it contributes millions to the
public treasury.


.... a n is a c c u s ................................................................................................................m u r d e r
Man is accused of murder


FROM page one
Rahming, apprehended last
week in New Providence, was
charged with the murder of 37-
year-old Troy Seymour, of
Pinedale, Eight Mile Rock.
It is alleged that on Novem-
ber 13 the accused, by means of


unlawful harm, intentionally
caused the death of Seymour.
Rahming was also charged
with armed robbery, and, having
been concerned with another,
conspired to commit the armed
robbery of Troy Seymour.
It is alleged that on the same
date, time and place, the


accused, armed with an offen-
sive weapon, a handgun,
robbed Seymour of $11,529
cash, the property of KFC
Restaurant, Eight Mile Rock.
He was not required to enter
a plea to the three charges.
The matters were adjourned
to February 7, 2008.


68-year-old charged with bigamy

FROM page one
Roker was granted $7,000
bail with one surety. Chief
Magistrate Gomez advised
Roker that, by conditions of
his bail, he was required to
report to Carmichael Road
police station every Satur-
day before 5pm.
Prosecutor Dorsett told
The Tribune that Roker's
case may be the first of its
kind, as he was not aware of3
any other cases of bigamy in"
the Bahamas being broughtIL
before the court.
If convicted, Roker could
face a maximum of sevenU
years in Her Majesty's
Prison..
The matter was adjourned E
until the fixed hearing dale, -
which is scheduled for Octo- 68-YEAR-OLD JAMES Roker was charged with making a false declaration
ber 8 in Court 8, Bank Lane. for the purpose of marriage and bigamy.


OPBAT to be handed over to DEA


FROM page one
In summer last year former
US Defence Secretary Donald
Rumsfeld asked for the com-
plete withdrawal of US army
helicopter support from the
US/Bahamas joint anti-drug
smuggling operation.
He requested that they be
removed this month as the US
military's resources are being
stretched thin by the continuing
conflicts in Iraq and Afghanistan.
OPBAT currently uses sev-
en Army Blackhawk heli-


copters.
In January of this year US
Senator Bill Nelson reaffirmed
the United States' commitment
to OPBAT and said that newer
helicopters would fill in for the
Blackhawk, which will Ihe sent
to central Asia.
At the handing-ovci ceremo-
ny on Monday, the Blackhawk's
replacement, the DEA 412 Bell
helicopter, will conduct its first
official patrol over New Provi-
dence.
On board the Bell helicopter
will be US Charg6 d'Affaires.


Dr Hardt, Minister of National
Security, Tommy Turnquest,
Department of Defence Assis-
tant Secretary, Edward Froth-
ingham, DEA Special Agent in
Charge William Brown and
United States Southern Com-
mand (USSOUTHCOM) rep-
resentative Admiral Harris.
In total DEA will eventually
provide three 412 Bell heli-
copters and a fixed-wing aircraft
to facilitate drug-fighting oper-
ations thu oughout the Bahamas
and the Tuiks and Caicos
islands.


Te: 250812 pn:on-Ii 8.-50pm


Extradition of 'Ninety' Knowles wrong, says lawyer


FROM page one
However, Mr Moss said the
expulsion of Knowles was made
in error. In his opinion it was
wrong and illegal.
"I think that there are (legal)
remedies that may be available
to him. He is a citizen of this
country and article 25 talks.
about the inability of persons


to be summarily expelled fi om
this country. You are a citizen
no one can tell you just to get
out of the country, there must
be due process," fie said.
In Knowles' particular case,
Mr Moss said it must be of con-
cern because if it happened to
Knowles it can happen to any
citizen of the Bahamas
"That is why law) eis believe


14.8 Cube

S $650.00


S!=-'-" 18 Cube

$720.00


21 Cube
$962.00


in the rule of law. You must be
subject and accountable to it
otherwise all of us would be in
jeopardy., the attorney said.
He said those who may be
aggrieved by should contact
lawyers to bring an action to
court.
"This is a constitutional point.
This iz the very document that
we ha\ e flippantly disregarded,
used when it is convenient for
our benefit. It is the supreme
document of this country and
it is one that we must hold and
respect and levee. No one is
above the law.
This is a part of the prob-
lem that is going'on in this coun-
try whene people believe they
can get away with a wrong sim-
ply because others have done
it in the past and are doing it
today." the lawyer said.


2,000 new

residents

FROM page one
"So we haxe been able to sort
out all the little kinks that we
had in terms of getting in con-
tact with these individuals. So
now we know where to find
them. and how to find them,
you know which address to send
it to, you know all their phone
numbers.
"So we feel as though after a
decision is made, we will be able
to contact them really easy." he
said.


TT up to


"dollars in

(72jrF


Just spend $300 or more with us in Septetfro and receive a
chance to get your CASH BACK! See in-store for details.


'0l,


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I-HE TRIBUNE







THE TRIBUNE FRIDAY, SEPTEMBER 28,2007. PAGE 11
THE TRIBUNE


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FRIDAY, SEPTEMBER 28,2007


SECTION -


business@tribunemedia.net




NIB failures Cable Beach hotels


By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE Government will have
to rapidly step in and reevalu-
ate the National Insurance
Board (NIB), or the potential
negative cash flows and deple-
tion of its $1.3 billion reserve
fund that is projected for 2029
could be experienced as early
as 2014-2015.
Lennox McCartney, NIB's
director, said yesterday there
were a number of measures
that perhaps need to be taken
to ensure there are significant
funds in NIB, and that a pes-
simistic outlook is not realized.
Addressing a retirement liv-
ing seminar hosted by CFAL,
the former Colina Financial
Advisors, at the British Colo-
nial Hilton yesterday, Mr
McCartney said adjustments
will have to be made to benefit
payments.
He said that in some cases,
these were too generous, par-
_ ticularly for Bahamian workers
who have only worked and
contributed for a short time
before getting benefits.
Mr McCartney added that
there also needed to be some
incentives to ensure NIB con-
tribution compliance, particu-
larly for self-employed
Bahamians, who as a group
only enjoy only 25 per cent
compliance rate.
Mr McCartney said a major
problem that keeps him up at
night aree NIB's huge admin-
istrative costs.
"This is 25 per cent of the
revenue, and we can do bet-
ter," he said. He admitted this


NIB attempting
to enter five-
million record
backlog into
system by 2008

was a fairly high percentage
for the Caribbean.
In addition, NIB needed to
do more in the promotion of
healthy living and a healthy
workplace.
Although NIB does pay
industrial benefits, Mr McCart-
ney said he was of the view
that no one should die while
at a workplace in the Bahamas.
Once a person has been
injured and returned to the
job, they should be given any
retraining they may need, he
added.
Mr McCartney said the NIB
needs to ensure all their client
transactions are recorded in
their system.
Presently, there are five mil-
lion records stemming from the
1980s and 1990s which need to
be posted, and NIB is actively
working on this. The process is
expected to be completed by
the middle of 2008.
Mr McCartney advised any-
one concerned about their ben-
efits or payments to use the
Know your Contribution fea-
ture at NIB, which allows any-
one access to their records.
He stressed, however, that
any changes to NIB that need-
ed to be made would have to
be enforced by the Govern-
ment and would have to be
done legislatively.


'in best shape ever'


* By NEIL HARTNELL
Tribune Business Editor
B aha Mar yester-
day told The Tri-
bune that its
Cable Beach
Resorts were "in
the best shape they've ever
been in" following a $150 mil-
lion capital expenditure and
upgrade programme, which
has created a Sheraton of
"world class standard".
Robert Sands, Baha Mar's
senior vice-president for
administrative and public
affairs, said the developer
behind the proposed $2.4 bil-
lion Cable Beach expansion
believed the re-branded Sher-
aton, which was formerly the
Radisson, was "a must see"
with a "room quality that is
unmatched".
Adding that Baha Mar was
"continuing to talk and con-
tinuing to meet with different
government agencies" in
efforts to secure a supplemen-
tal Heads of Agreement for its


* Baha Mar says $150m spent on capital works that are
drawing to close with 100 Bahamian contractors hired
* Sheraton 'a must see', with 'room quality
unmatched at world class standard'


joint venture with Harrah's
Entertainment and expanded
project, Mr Sands said the bulk
of capital spending on renova-


tions to the existing properties
would come to an end by mid-
December.
That was the target date for
when the Sheraton transfor-
mation, and renovations to all
rooms in the Wyndham's 'H'
and 'M' towers, plus all suites,
the concierge level and Sea-
side Buffet, would be com-
pleted.
Mr Sands said Baha Mar had
spent some $150 million on
renovations between the Sher-
aton and Wyndham, and
added: "The substantial
amount of that has been spent
in the last 12 months, although
that figure is from the day we
took over in May 2005.
"It is a significant amount.


We think that expenditure
alone is somewhat significant
for the Bahamian economy.
"All of our projects have
been issued to Bahamian con-
tractors. All the lead contrac-
tors have been Bahamian, such
as Osprey Developers on the
Sheraton.
"We've hired over 100 dif-
ferent Bahamian contractors
and sub-contractors to do the
Sheraton, Wyndham, Nassau
Beach Hotel landscaping.
We've certainly lived up to our
commitments on that side. By
and large, we've completed
what we committed to do."

SEE page 5


Film Studios buyer hopes sale

injunction 'only a hurdle' to deal


* By NEIL HARTNELL
Tribune Business Editor
THE Bahamian banker heading the
group seeking to acquire the Bahamas
Film Studios yesterday told The Tribune
that a court order obtained to block the
development's sale was "hopefully only a
hurdle" to overcome, but admitted the
transaction was on hold until the matter
was resolved.
Owen Bethel, president of the Nassau-
based Montaque Group, who put togeth-
,er the Bahamas FilmInvest International
consortium, said the injunction order


obtained by Phoenix Engineering Group
and Associates, coupled with other legal
actions against the Bahamas Film Studios
and its affiliates, were presenting "a hin-
drance" to closing the group's purchase.
Unlike other legal actions involving the
Bahamas Film Studios, which had effec-
tively attached liens to the project's sale,
meaning their claims had to be settled in
the event a deal was reached, the Phoenix
Engineering Group action has gone a step
forward.
Via an ex parte hearing before acting
Supreme Court Justice Peter Maynard in
Freeport in its action against Gold Rock


Creek Enterprises, the Bahamas Film Stu-
dios' immediate holding company,
Phoenix Engineering Group obtained an
order preventing the sale of the 3,500-acre
former US Air Force Missile Base site.
Gold Rock Creek and its employees,
the order read, are prevented from "con-
veying, transferring, mortgaging, assign-
ing, charging or otherwise disposing of
any of its real property or leasehold assets"
without a further Supreme Court order
or trial on Phoenix Engineering Group's

SEE page 8


Ginn's two per cent


stamp duty rate 'has


no foundation in law'


* By NEIL HARTNELL
Tribune Business Editor
THE special two per cent
stamp duty rate that the for-
mer PLP government granted
the Ginn Development Com-
pany on real estate sales at its
.9 billion West End project
has no foundation in law, an
attorney told The Tribune, and
appears to contravene the
Hawksbill Creek Agreement.
Fred Smith, a Freeport-
based partner in Callender's
& Co and a Grand Bahama
Port Authority (GBPA)
licensee, told The Tribune that
the stamp duty incentives
granted to Ginn and foreign
real estate buyers were "ille-
gal and discriminatory".
Mr Smith said: "I challenge
the Ginn group and the Gov-
ernment to identify any law
permitting that kind of a dis-
count a special treatment
stamp duty rate for their pro-
ject......
"All my clients have to pay
stamp duty rates up to 10 per
cent. Laws in the Bahamas
must apply to all and equally.
Just because I am a developer
possessing big bucks and devel-
oping a site doesn't mean the
Prime Minister and the execu-
tive has any authority to cut
through statute passed by Par-
liament and make any deal
they want."
Mr Smith also explained that
the special stamp duty incen-


Attorney: Heads
of Agreement
concessions
'discriminatory'
and may contravene
Hawksbill Creek
Agreement

tives appeared to contravene
Clause 2 (28) of the Hawksbill
Creek Agreement, the found-
ing document for Freeport that
laid out the framework for
numerous business incentives
designed to foster the creation
of a new city and tax-free zone.
"It is discriminatory, because
under the Hawksbill Creek
Agreement there should be no
law which in any way exceeds
the exemptions and benefits
[Port] licensees are entitled
to," Mr Smith said.
"What is happening here is
that licensees of the Grand
Bahama Port Authority are
being discriminated against
because the Government
entered into this agreement,
which gives a substantial
advantage for people to devel-
op outside the Port area. What
that agreement is doing is com-
peting with the Port Authority
and its licensees."


SEE page 4


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business start


If you decide that start-
ing a business from
scratch is too much for
you, then another
option for you is to buy a
franchise. Franchising is a
very convenient and relative-
ly risk free way to get into
business quickly.
When you buy a franchise,
you are basically copying
somebody else's business
idea. You pay the franchisor
a fee for copying their busi-
ness, and pay them ongoing
royalties when the business is
up and running.
In return, the franchisor
will hold your hand and do
everything to help you get
your franchise off the ground.
This involves from providing
an operations manual to tak-
ing care of contractual issues
for you, providing you with
marketing, collateral and
training your staff, to helping
you locate premises and giv-
ing advice on fitting the
premises out.
The fee you pay the fran-
chisor is for their effort in
setting up a viable business
with proper systems in place,
and a proven track record for
making money for their fran-
chisees. However, you will
need to be cautious, as there
are some unscrupulous oper-
ators out there. And treat
buying a franchise just as you
were buying a business. Con-
sider the following eight steps
to make this process as pain-
less as possible:.
The first step is to Choose
the Franchise Area. Similar
to buying a business, choose
the industry or market you
want to buy into carefully.
Make sure it is an area where
you have experience, or
strengths that will give you a
competitive advantage. You
are going to spend a lot of
time in your business, so
make sure you will enjoy it.
The second step is to
Inform Yourself. You can do
this by approaching national
franchise associations, sub-
scribing to franchise maga-
zines, and attending franchise
shows or exhibitions. Also
consider approaching existing
franchisees and talking to
them. Provided the fran-
chisee is not in your local


Business
Sense


area, or in your market, they
may well be prepared to help
and give you the tips of the
trade.
The third step is to Find
Suitable Franchises for Sale.
The three most common
ways are for you to approach
national franchise associa-
tions, subscribe to franchise
magazines and attend fran-
chise shows. Your bank may
also have a franchise unit, so
make sure you talk to them.
The fourth step is to
Obtain Free Information
Packs. Look at these careful-
ly, as they should provide you
with ample information.
Included should be a copy of
the contract. Get your lawyer
to review the contract to
advise you if there are any
onerous conditions. The con-
tract will tell you things such
as the length of agreement,
how it can be terminated,
what the initial capital
required is, how the royalty
payment is calculated, what'
you get for your capital pay-
ment, and what fees they
charge for other services.
The fifth step is to Visit
Your Shortlisted Franchisors.
This is an important opportu-
nity to perform some initial
due diligence. Go to their
head offices and ask them:
How long have they been
established? What is their
company's financial perfor-
mance? Who are the direc-
tors? How many outlets are
there in the country, or in
your area? Which outlets can
you go and visit? How many
outlets have ceased trading?
Who is your main competi-
tion. and what outlets do they
have in your area? What
market research have they
got to support their findings?
Are they a member of the
national franchise associa-
tion? What ongoing support
are you likely to get from
them? What are the long-
term prospects for the busi-
ness?


Be wary of glib answers, a
hard sales pitch, or large ini-
tial upfront fees, a dismissive
attitude to competitors, huge
projected sales or unproven
schemes.
The sixth step is to Review
the Information. After your
visit, review the information
to establish in your mind
whether the proposition
stacks up and is worth the
capital fee. Things to consid-
er would be: Is it a proven
business concept? Are the
systems good? What is the
manual like? What support
will you get before, during
and after start-up? What
marketing support will you
get from head office? What
training do they offer? What
market research or advice
will they provide to help you
stay ahead of the competi-
tion? Is the territory in
which you will be operating
large enough for you to gen-
erate sufficient revenues?
The seventh step is to Car-
ry Out your Market
Research. This is an impor-
tant penultimate step before
you put your money down.
Analyse the market place
you are in, look at the trends,
do some local research to
back this up, check' ut your
competitors, and test the
market through adverts, sam-
pling, direct mailers, leaflets
and questionnaires. See what
response you get before you
proceed.
The eighth step is to Assess
the Concept. Take off your
rose-tinted spectacles and
look at it from a banker's
view. Is the concept easy to
copy? Are the margins high
enough? And, last but not
least, is it likely to stand the
test of time and be profitable
in the medium term without
the need for further invest-
ment?
Becoming a franchisee is a
Process that requires much
care and planning. There is
no guarantee of success.
Even if you pick the best
franchise out there, you will
still have to make it work.
Franchises do fail. There may
simply not be enough
demand for your product, or
you may not be up to the task
as a business person. So, in
order to avoid the trap of
antipreneurship, make sure
you understand the eight
steps, as this knowledge
could bring in large dividends
for your future business suc-
cess.
NB: This column is avail-
able as an eBook at
www.antipreneurship.com
Mark draws on 20 years of
top level business, marketing
and communications experi-
ence in London and the
Bahamas. He is chief operat-
ing officer of www.ezpze-
mail.com, currently lives in
Nassau, and can be contacted
at markalexpalmer@mac.com
Mark Palmer. Al rights
reserved


our


I~~~o LfI\fIIL-i C


ith Cheese


inm oWlrif


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.


on


'~" I


THE TRIBUNE


PAGE 2B, FRIDAY, SEPTEMBER 28, 2007


W


!srml|









FRIDAY, SEPTEMBER 28, 2007, PAGE 3F


THE TRIBUNE


Johnson


sees




42


profits


rise


per cent


BISX-listed broker takes on new health
insurance firm, with department moving
to new offices on Collins Avenue


* By NEIL HARTNELL
Tribune Business Editor
J S. Johnson, the BISX-
listed insurance broker
and agent, said "signif-
icant growth" across
all business segments was
responsible for 2007 half-year
net income increasing by 42
per cent or $1.3 million to
$4.441 million.
In his update to investors for
the period to June 30, 2007,
Marvin Bethell, J. S. Johnson's
managing director, said the
company was planning to relo-
cate its Life and Health
Department to an office on the
other side of Collins Avenue.
That office, at No.33 Collins
Avenue, will be leased from J.
S. Johnson's insurance carrier
affiliate, Insurance Company
of the Bahamas (ICB), in
which it owns a substantial
stake.
Mr Bethell added that J. S.
Johnson's Life and Health
department, which acts as a.
broker for life and health
insurance policies, had expand-
ed through its acquisition of
another health insurance port-
folio.


He said the company had
become the Bahamian repre-
sentative for MNUI, which
writes medical insurance poli-
cies through the Lloyd's of
London insurance market.
As a result, J. S. Johnson will
now write MNUI's business in
the Bahamas, taking in premi-
ums on the latter's behalf and
earning commission income
from this.
Mr Bethell told J. S. Johnson
shareholders: "Our core
agency and brokerage business
realized noteworthy growth in
commission income as we con-
tinue to benefit from new busi-
ness development. Addition-
ally, there has been a healthy
increase in other income.
"To date, we are ahead of
budget in both operating and
net income, and under budget.
in expenses for the half-year
period to June 2007. Conse-
quently, we are still optimistic
that 2007 will be another
growth year for the company."
Net commissions and fees
increased by 18 per cent from
$6.79 million to $8.012 million,
while ICB's net earned premi-
ums rose by 13.3 per cent from
$3.901 million in the 2006 half-


year to $4.42 million.
Other income increased
from $685,000 to $1.065 mil-
lion, boosting J. S. Johnson's
total revenues by 18.6 per cent
to $13.497 million from $11.376
million.
On the expenses front, J. S.
Johnson's staff costs rose
slightly to $3.977 million from
$3.749 million, while insurance
expenses grew 21.2 per cent to
$3.044 million.
Total expenses rose by 9.8
per cent to $9.046 million from
$8.25 million.
On the ICB front, Mr
Bethell said the carrier was
"ahead of last year and bud-
get. This was enhanced by
excellent underwriting results
for both the property and
motor portfolios".
Total shareholders equity in
J. S. Johnson increased 11.7
per cent to $15.987 million,
compared to $14.314 million
at year-end 2006.
While total assets had
declined from $77.616 million
at December 31, 2006, to
$75.469 million at the half-year
period, total liabilities fell by a
greater amount from $63.302
million to $59.482 million.


B. British
I.. Amercan
F I N A N C I A L

Join Us, On Denim Day! October 5th 2007.

YES -
We will allow our Employees/ Students to show their support for the fight against Breast Cancer
and/or in honour of a loved one on National Denim Day by wearing jeans in exchange for a
donation per person.

NO
Our Company/School will not participate
British American Financial encourages additional corporate sponsorship to help meet our
National Breast Cancer Awareness goals. For every dollar ($) amount donated by the
Employee(s)/Student(s), we hope that Companies/Schools will match the amounts.
Company/ School Name:-________________
No. of Participants:
Contact Person(s): ,


Phone: __


Email:
*** T-Shirts: Schools $5, All Others $10

S M X L L XL w 2XL

Indicate No. of T-Shirts

*** Pink Wrist Bands: $5 ea.
Indicate No. of Bands
Fax orders to: (242)328-8994
Please note all phone In orders must also be accompanied by a fax,
Denim Day Questions? Please call (242) 461-1000 or (242) 328-8996
or Email ccornishbabfinancial.com or siohnson(Sbabfinancial.com
Make cheques payable to: British American Financial, Re: National Breast Cancer Awareness.
Thank you for supporting the National Breast Cancer Awareness Initiative Fund,
The Bahamas Cancer Society and the Sister, Sister Cancer Support Group.


PEASE NOTE: ALL ORDERS MUST BE IN BY OCTOBER 3RD, 2007


M-EDICAL FUNI

for















Deborah m eres Di
De b.r .as

DobjOoui


I Sa p y, September
Sat Club Water
'PI 10pm until
L. A ...$20 Entrance Do
------Featurin------
T1 ^ ...Featuring


xv


Ni~


J


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29M
*loo
l O,


-----


BUSINESS


r-e"i""cyi











P BR T22T R


SD E LTA


* PINE BUILDERS HARDWARE & PLUMBING
Dowdeswell Street
Behind Scotia Bank
Tel: 322-1 103
Monday Friday


Ginn 's two per cent




stamp duty rate 'has




no foundation in law'


FROM page 1

As revealed by The Tribune,
the Ginn Development Com-
pany 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


The developer of a prestigious oceanfront residential development on
Grand Bahama is seeking persons with the following
experience, qualifications and expertise:

* Must have a minimum of five years sales experience-but willing to learn from an
industry leader
* Must have two years experience selling high-end homes
* Knowledge of the Caribbean, United Kingdom and United States markets very
useful
* Computer skills necessary to operate a customer relation management system
required
* Needs to possess excellent verbal and written' skills and professional appearance
* Individual must be a team player and able to work with all levels of management
* Two years of successful post secondary courses required

Interested persons should submit their resume to:

The Office Administrator
Email: eknowles@hll-bs.com
Fax:242-373-1364


20 years.
The Heads of Agreement
signed by Ginn for its multi-
billion dollar West End pro-
ject lay out a substantial series
of tax exemptions for the
developer that were granted
by the former Christie admin-
istration, but the Stamp Tax
Act has never been amended
by the Government to account
for the special rate extended
to Ginn.
Instead, the former govern-
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.


For stories

behind the

news, read

Insight on

Monday


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-
sury.
Given that Ginn has said it
has closed some $200 million in
real estate sales at its West End
project, given the 2 per cent
stamp duty rate, that means $4
million will have accrued to
the Public Treasury rather than
$20 million that would have
been received at the normal 10
per cent rate.
It takes little imagination to
think of what the $16 million
given up could have been used
for, in terms of utilities, infra-
structure, schools and hospi-
tals, and Bahamian realtors
spoken to by The Tribune said
the imposition of a 10 per cent
stamp duty rate would have
been unlikely to impact any
Ginn sales.
If buyers can pay $1 million
for a lot or condo, they will
also have the wherewithal to
meet a $100,000 stamp duty
payment, so the logic goes.
There has been little criti-
cism of Ginn regarding the
Heads of, Agreement it
obtained, most people spoken
to by The Tribune saying
"good luck" to the company
after it was able to strike such


an advantageous deal with the
Government.
Ginn is likely to have been in
a position of negotiating
strength, given that it had ini-
tially walked away from the
project. The PLP government
had to move quickly to entice
them back in, and as a result
probably had to offer a num-
ber of additional incentives
Ginn had been seeking.
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
- lots, condos and. homes if
they are sold within one year
of being bought by a third par-
ty 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
valued at $250;000 or more.-


Picture left to right Sherry Bastian, Vice President, Cancer Society of The
Bahamas, Mr. Kendrick Williams, Four C's trading, Mrs. Gloria Hanna,
Cancer Society of the Bahamas Living Beyond Cancer Support Group
Coordinator, Mr. Robert Dean, Four C's trading.


Four C's trading is a growing distribution company that was established
in May 2004 by Mr. Christopher Pinder. Since its conception the
company has been the authorized distributor of the Hansen line including
Monster Energy drink which is a part of their portfolio, as well as
Bahama Island Nectars and Star Soft Drinks. At Four C's our focus
is actually Quality before Quantity, we believe in supplying beverages
that are better for the body rather than just the average soft drink.

We are continuously expanding our product line to suit the needs of
today's consumers and we look forward to doing business with all
existing and prospective clients through our direct distribution system.

The Cancer Society would like to thank Four C's trading for being a
Sponsor of the Walk.

This Awareness Walk is to continue sending the message to the public
that there is hope, healing and life after being diagnosed with cancer.
The Walk will have participants who are survivors, person walking in
memory of loved ones and persons who wish to support the Society.
Exciting Prizes will be given out!

The Cancer Society is committed to being of service to cancer patients
and their families; educating the public about cancer so that it may be
prevented, diagnosed and treated in its early stages.


i' PICTET
1805

PICTET BANK & TRUST LIMITED

Is seeking to hire a qualified young Bahamian for the following
position:- /


ASSISTANT TO THE INVESTMENT STRATEGY TEAM



REQUIRED SKILLS:-

-Strong organisational skills.
-Ability to function independently but work as part of a team.
-Ability to function in a high volume, high pressure
environment.

EDUCATION AND EXPERIENCE:-

-Chartered Financial Analyst (CFA) or at least at level 2 pass.
-Strong accounting background.
-Proficiency in Microsoft Word and Excel.
-Knowledge of French or Spanish would be an asset.

ABSOLUTELY NO TELEPHONE CALLS WILL BE
ACCEPTED. Please send Resume and two (2) references to:



The Human Resources Manager
Bayside Executive Park
P. 0. Box N-4837
Nassau, Bahamas

Offices in
Florence, Frankfurt, Geneva, Hong Kong, Lausanne, London, Luxembourg,
Madrid, Milan, Montreal, Nassau, Paris, Rome, Singapore, Tokyo, Turin,
Zurich


I


PAGE 4B, FRIDAY, SEPTEMBER 28, 2007


THE TRIBUNE











THE TIBUN FRIAY, EPTEMER 2, 207,IPGESS


Portable private





pension laws





essential, say





the experts


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

T he Bahamas needs
to enforce manda-
tory private pension
legislation, with the
specific provision that these
pensions are portable so work-
ers can take savings with them
when they change jobs.
Louie Dames, executive
director of the Bahamas Hotel
and Allied Industries Pension
Fund, addressing a retirement
planning seminar organised by
CFAL, said the Bahamas
needs to have legislation that
makes a pension not only
mandatory, but also makes
provision for the funds to be
transferred from a company
scheme in the event that an


HOTELS, from page 1


Mr Sands said Baha Mar had also
redone all the meeting rooms and ball-
room facilities at the Wyndham, which
had come on line some three months ago.
"There's nothing remaining in terms of
major works on the existing resort, but
there will be some capital works in areas
where we deem it necessary to operate
better than we currently do, and to com-
pete better in the marketplace," Mr Sands


employee changes jobs.
He said that in the past, peo-
ple felt their retirement fund
would be their children.
"People would say that I
supported my children and put
them through school, so they
will support me in my old age,"
he added.
However Mr Dames said
that given the demographic
shift in the last few decades,
this is not a reasonable expec-
tation. "Believe me, no matter
how long we live, we all need
our own money," he said.
Montgomery Brathwaite,
president of Colinalmperial
Insurance Company, said
Bahamians are really not pre-
pared for their retirement.
He noted that in many cases,
persons who receive some sort
of lump sum retirement pack-
age often spend the money


without investing it or making
some provision for the future.
Mr Braithwaite strongly
advised persons not to take
their financial security into
their own hands, and stressed
the importance of working
with a qualified financial plan-
ner.
Chief
Derek Osbourne, chief actu-
ary at Horiznow Actuarial and
Financial Consultants, said it
was equally important that
once funds were placed into a
company's pension scheme,
they are placed in trust, so that
persons did not have access to
them and deplete them for oth-
er purposes.
Guilden Gilbert, senior
account executive with
Andeaus Insurance Company,


added.
He said the upgraded product at Cable
Beach would ensure a strong Christ-
mas/New Year season for Baha Mar's
three properties, helping to drive demand
and, in turn, occupancies and room rates.
This would also be helped by the end of
construction work.
Mr Sands said the Cable Beach Resorts'
current business was "soft", which was
"not unexpected" given the traditionally
slow September experienced by the
Bahamian tourism and hotel industry and
existing "soft market" conditions.


said the Bahamas needed to
follow the Cayman Islands and
Bermuda, whose legislation
mirrors each other.
"There is no need for the
Bahamas to reinvent the
wheel; they can piggyback off
of that legislation," Mr Gilbert
said.
He pointed out that in plan-
ning for retirement many peo-
ple do not factor in inflation.
"That is a serious drain for
persons on a fixed income pen-
sion," he said.
If there is a mandatory pen-
sion and people were able to
take care of themselves, Mr
Gilbert said the Government
would then be able to reduce
its social services budget and
allocate funds to other things.
All agreed that aggressive
lobbying is needed to change
the law.


Currently, the Cable Beach resorts were
enjoying an average "low 40 per cent occu-
pancy rate" across the three properties,
which was "pretty much flat with last year
- one or two points down on last year".
Mr Sands said Baha Mar expected occu-
pancies and room rates to improve for the
New Year period, with the renovations
set to make the properties more compet-
itive and drive tourist demand.
Baha Mar, he added, would also be able
to show it had delivered on what it had
promised in terms of the upgrades, sending
a new message to the tourism market.


Specialist/Personal Assistant.
Salary commensurate with experience.
Transportation required.
Please email resume to:
ftdcit@gmail.com





Must have years experience in Indian cooking
with knowledge of Indian language and spices
of North & South India. Send resume to:
The Manager,
P.O. Box CB-11539







Responsibilities include:
- Underwriting and processing title insurance policies
(to include calculating premiums, preparing
quotations, proposals and invoices)
- Direct phone contact with clients
- Normal office duties

Attention to detail and excellent organizational,
communication and computer skills required.

Position offers excellent benefits package and
competitive pay
Apply in confidence to:
vacancy50@gmail.com


Financial Intelligence Unit

LEGAL COUNSEL
Applications are invited from suitably qualified persons for the post of Legal Counsel at the
Financial Intelligence Unit (the "FIU").
JOB SUMMARY:
The holder of the position will be responsible for the provision of legal advice to the Director
and the Financial Intelligence Unit relative to its functions under the Financial Intelligence
Unit Act 2000.
RESPONSIBLE TO:
The Director of the Financial Intelligence Unit.
QUALIFICATIONS:
The successful applicant must:
1. Be appointed in writing by the Minister responsible for the administration of the
Financial Intelligence Unit Act 2000.
2. Be a Counsel and Attorney-At-Law in the Commonwealth of The Bahamas, called to
The Bahamas Bar with 5 years of legal or relevant experience.
KEY RESPONSIBILITIES:
1. Responsible for ensuring that the Financial Intelligence Unit is kept abreast of legislative
developments relative to its functions.
2. Responsible for making recommendations to the Director relative to the legal issues
affecting the Financial Intelligence Unit.
3. Responsible for liaison between the Financial Intelligence Unit and the Office of the
Attorney General relative to legal issues affecting the Financial Intelligence Unit.
4. Responsible for the provision of training of industry participants in the Financial
Services Sector in accordance with the provisions of the Financial Intelligence Unit
Act 2000.
5. Responsible for drafting of legal documents for Memoranda of Understanding between
the Financial Intelligence Unit and foreign Financial Intelligence Units.
6. Responsible for assisting with other duties relative to the proper functioning of the
Financial Intelligence Unit as required by the Director.
KNOWLEDGE, SKILLS & EXPERIENCE:
1. Five years call to The Bahamas Bar
2. Experience in Compliance, Civil, Criminal & Corporate Law, Assets Tracing and
Forfeiture.
3. Excellent attitude, punctuality and attendance.
REMUNERATION PACKAGE:
1. Competitive salary commensurate with experience
2. 15% gratuity upon successful completion of contract.
Interested persons should submit their applications and resumes in writing along with the
relevant certificates, on or before 11th October 2007, to:
Anthony M. Johnson
Director
Financial Intelligence Unit
P.O. Box SB 50086
Frederick Street
Nassau, Bahamas


Win an Apple 20" iMac and a printer!

Name: "it's gt the g__d's"


rAddmrs:


Fill out this entry ftrm and ans e the skill question. Attach 4 labels of Campbells Red&White
Condensed Soup (10.5oz) and place in speciallyarked boxes. Employees of lte d'Albelis
SAgency, Custom Computers, Media Enteprises, their agents and immediate families ae not
eligible to enter, Photo 0ID require to collect peItes. Prmotion ends November 2,2007,


Telephone:


THE TRIBUNE


FRIDAY, SEPTEMBER 28, 2007, PAGE 5B










THE TRIBUNE


PAGE 6B. FRIDAY. SEPTEMBER 28, 2007


To advertise n TTam- the #1 newspaper

n crclaUton, just call 322-198688 today




4 UBS
UBS Bahamas, a leading global wealth manager, will be implementing an application to
provide back-office support for derivative products. We are therefore looking for a Business
Analyst (BA) to. assist in the implementation and support of a new Banking System. The
position will be on a consultancy basis for a period of 7 9 months:

Derivatives System Implementation Project Business Analyst
at UBS Bahamas
Specifically, the Business Analyst will work with vendor resources, local resources, and
management to:
Get training and train others on the selected application's functionality
Test existing application functionality
Adapt current business processes to the new system
Identify functionality gaps
Work with global resources as necessary to integrate into UBS environment
Identify opportunities for process improvements
Create functional specifications for vendor and internal resources
Provide initial testing of vendor enhancements
Design and develop data extracts for reports and interfaces
Assist in development and testing of data migration plan
Assist users in UAT
Minimum Requirements:
BA/BS in finance, accounting, math, engineering, or computer science
Broad experience (5+ years) in Private Banking and/or Investment Banking
Solid foundation of traditional banking products and backoffice processing, specifically:
Equities, Fixed Income, Mutual funds, Foreign
Exchange, Deposits and Loans
Good understanding of derivatives products and backoffice processing, specifically:
Exchange traded futures on Commodities, Interest Rates, Equities and Equity
Indices
FX forwards and NDF's
Exchange traded options, FX and Bond Options
Interest Rate Swaps and Total Return Swaps
Project management Experience
Experience with system implementations
Excellent analytical skills
Written applications should be addressed to:


hrbahamas@ubs.com or


UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas


L __ ___ ___ ____ ___ ___ ___ ____ ___ ___ ___ ____ ___ ___ ___


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
The Financial Intelli-
gence Unit (FIU) is
to prepare a
National Anti Mon-
ey Laundering/ Counter Ter-
rorist Financing strategy, which
is a first for the Bahamas, and
is in keeping with emerging
global trends, it was revealed
yesterday.
Anthony Johnson, the FlU's
director, told the Bahamas
Institute of Charted Accoun-
tants (BICA) that the first step
in the process was to gather
information from all relevant
stakeholders, including regu-
latory and government agen-
cies and uniformed services.
He explained that a set of
templates had been designed
and circulated to both the pri-
vate and public sector for their
response. "The information
will be collated by the Finan-
cial Intelligence Unit into a for-
mal report, which will be sub-
mitted to the Government,"
Mr Johnson said.
In addition, he said the
report would provide all rele-
vant parties with a set of mea-
surable goals and outcomes.


"The information will be
collated by the Financial
Intelligence Unit into a
formal report, which will
be submitted to the
Government."
Anthony Johnson


"This will highlight areas in
both public and private sec-
tors, which may need atten-
tion, particularly for training
purposes," Mr Johnson added.
He explained that the FlU
was looking at four areas:
Money laundering risks
and vulnerabilities, according
to the associated level of risk.
To identify training needs
to prevent/eliminate money
laundering and terrorism
financing for institutions
deemed to be medium to high-
risk financial institutions.
Formulate/recommend five
national goals to be pursued
based upon risks, vulnerabili-
ties and training needs.
Develop an action plan


based on national goals and
priority. -
Mr Johnson said the
Bahamas was already meeting
international standards on
money laundering and terror
financing regulations
(AML/CFT).
. "In fact, in certain quarters,
some persons may argue that
AML/CFT controls in the
Bahamas -exceed internation-
al standards," Mr Johnson said.
He explained that this is rel-
ative to other nations, but said
that no country is compliant
with all of the 40 +9 recom-
mendations of the FATF,
although the larger ones try to
exert undue pressure on small-
er countries like the Bahamas.


Saffrey Square
Bay Street
www.bahamasrealty.bs
wTN www.cbrichardellis.com

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


Burns House Group of Companies is lo
ambitious people manager with a proven
in consumer marketing
---W H-B ,-- S.*- 1....1. 1~.. -- W----


'I


BAHAMAS REALTY LTD.
COMMERCIAL
In association with

CBRE
CB RICHARD ELLIS
NAVIGATING A NEW WORLD


rpIlenge -1



Change?


kingg for an
i track record


Bums House Group of Companies (BHG) is the leading beverage company in
The Bahamas. With its broad portfolio of consumer brands, extending from beer
to spirits and wines, BHG is the market leader and trend setter in the respective
categories.
Within our marketing department we seek to fill the position of Marketing Manager.
In this position you will be responsible for a large portfolio of consumer brands
like Budweiser beer, Ricardo rums, Climax energy drink, Hennessy cognac and
Carlo Rossi wines to name a few.
The marketing manager we are looking for is a learn player, has profound knowledge
of the marketing mix and is an excellent planner with great passion for execution.

BHG will offer you a challenging environment with international growth potential.
We offer an above market average incentive programme and international training
opportunities.
Profile of the ideal candidate
* Bachelor Degree in Marketing, Business Administration is essential; Master
in Business an advantage
* 3-5 years of supervisory experience in marketing
*Team building skills
* Consumer goods Marketing experience


INTERESTED? Send your Resume by e-mail to: ccash@burnshouse.com
or fax to Human Resource Manager: 1242) 326-6078


NOTICE
NOTICE is hereby given that YVON DIVERSE of MONTEL
HEIGHTS, 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 28TH day of SEPTEMBER, 2007 to the Minister
responsible for Nationality and Citizenship, P.O. Box N- 7147,
Nassau, Bahamas.
II_


PUBLIC NOTICE
ROAD TRAFFIC DEPARTMENT
All Franchise Holders:
PUBLIC SERVICE VEHICLE
LICENCING & INSPECTION

In accordance with the Road Traffic Act
Statue Laws of the Bahamas, the inspection
of Public Service Vehicles will be carried
out in New Providence and the Family
Islands beginning Monday 1st October thru
Wednesday 31st October 2007.

Owners and operators of these vehicles must
ensure that the total numbers of vehicles
covered by their franchise are presented for
licensing and inspection. When and owner
or operator present fewer vehicles for
licensing and inspection that is covered by
his/her franchise, the Road Traffic Authority
Board in the absence of proof will assume
that he/she no longer needs the franchise,
which are not presented at this time. The
Authority therefore, requires his/her to show
cause why 90(1), which refer to the
revocation of franchise in the Road Traffic
Act.

Further all franchise holders must produce
documentary proof to show that their
franchise is operational at the time of
licencing and inspection.

Controller
Road Traffic Department


--


AM OK


BUSINESS I


National anti

0

money laundering



strategy under



development


*.










THE TRIBUNE FRIDAY, SEPTEMBER 28, 2007, PAGE 7B


Airline executives:




Congestion-reduction




strategy would cause




increase in fares


* By DAN CATERINICCHIA
AP Business Writer
WASHINGTON (AP) -
Forcing airlines to pay more
to fly during peak travel peri-
ods would not mitigate record
delays, executives said Thurs-
day as lawmakers and the
Bush administration consider
ways to address the problem.
That strategy "will do noth-
ing more than reduce service
to small communities, reduce
job growth and raise fares for
commercial passengers," Zane
Rowe, senior vice president of
network strategy at Continen-
tal Airlines Inc., told the Sen-
ate subcommittee on aviation


operations, safety and security.
Joe Kolshak, executive vice
president of operations at
Delta Air Lines Inc., agreed.
Transportation Secretary
Mary A Peters and Acting
Federal Aviation Administra-
tor Bobby Sturgell are sched-
uled to meet with President
Bush Thursday to discuss
options for reducing delays.
On Wednesday, Sturgell told
House lawmakers that the
agency is examining several
possible strategies, including
introducing so-called conges-
tion pricing at busy airports.
New York's LaGuardia
International Airport used a
congestion pricing model in the


1960s that FAA officials say
worked well.
The airline industry's on-
time performance in the first
seven months of 2007 'was its
worst since comparable data
began being collected in 1995,
according to government data.
In July, the most recent month
for which data are available,
20 carriers reported an on-time
arrival rate of 69.8 per cent,
down from 73.7 per cent a year
earlier.
Commercial airline execu-
tives blame a large part of the
air-traffic jams on runways and
in the skies --- particularly in
the Northeast on the grow-
ing use of tiny jets among cor-


portions and wealthy individ-
uals.
But Steve Brown, senior vice
president of operations for the
National Business Aviation
Association, on Wednesday
said government data show
general aviation accounts for
less than four per cent of all
aircraft operations at the
nation's 10 busiest airports.
New York's John F
Kennedy International Airport
has enough capacity normally
for 44 departures between 8
am and 9 am, but commercial
airlines regularly schedule 57
departures, said Brown, a for-
mer associate administrator for
air traffic services at the FAA.


LONDON (AP) The
United States dollar fell to a
record low against the euro for
the sixth straight trading day
and was mixed against other
key currencies in European
trading Thursday. Gold rose.
The euro traded at $1.4146.,
up from $1.4136 late Wednes-
day in New York. Earlier the
euro raised its record high
against the dollar to $1.4166.
Later, in midday trading in
New York, the euro fetched


new stock

arriving daily!


* $1.4148.
Other dollar rates in Europe.
compared with late Wednes-
day, included 115.63 Japanese
yen, up from 115.43: 1.1727
Swiss francs, up from 1.1699;
and 1.0022 Canadian dollars,
down from 1.0056
Pound
The British pound was quot-
ed at $2.0222, up from $2.0155.
In midday New York trad-


ing, the dollar bought 115.54
yen and 1.1721 Swiss francs.
while the pound was worth
$2.0240.
Gold traded in London at
$731.6.0 per troy ounce, up
from $728.40 late Wednesday.
In Zurich. gold traded at
$728.45 bid per troy ounce, up
from $725.50. Gold closed at
$729.50 an ounce in Hong
Kong, up from Tuesday's close
of $727.35. Financial markets
in Hong Kong were closed


Ho e













0S0


I~~ .li.
"~i~ Baby he"

iOs^^fm~i




yf Hm

ell r^^j|e
^^^oB- l ot Mar^^tihon





I H(gnccFax- 2EaES93-4096ffmsaSBm


except on red togged and net items


Wednesday for the Mid-
Autumn Festival public holi-
day.
Silver traded in London at
$13.47, up from $13.40.


NOTICE
NOTICE is hereby given that RODGER STEWART of
CARMICHEAL RD, 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 21ST 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 KADIAN HANSON of
CARMICHEAL MEADOWS, P.O.BOX CR-55770, NASSAU,
BAHAMAS, is applying to the Minister responsible for
Nationality and Citizenship, for registration/nhaturalization 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 28TH 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 ELION MASSILLON of WEST
Ave., CARMICHEAL Rd, 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 28TH day of SEPTEMBER, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas.


NOTICE
NICEOF DISSOLT iO


Dollar mixed, gold



rises in Europe


OF

BMI GLOBAL INC.


Notice is hereby given that liquidation of the
above company commenced on the 26th day of
September, 2007 and that Credit Suisse Trust
Limited of Bahamas Financial Centre, Shirley &
Charlotte Streets, PO.Box N-3023, Nassau, The
Bahamas has been appointed Liquidator of the
Company.


Credit Suisse Trust Limited
Liquidator


1. .1


Financial Intelligence Unit


NATIONAL STRATEGY ON
PREVENTION OF MONEY
LAUNDERING &
TERRORISM FINANCING

The Financial Intelligence Unit ("the FIU"), in collaboration with
several other government departments and regulators for the financial
services in The Bahamas, is working on the development of a National
Strategy for the Prevention of Money Laundering and the
Financing of Terrorism (the "Strategy") in and through the financial
system of The Bahamas.
Input from the general public, and stakeholders in the financial
services industry, is critical to the success of this project. A detailed
survey, designed to facilitate collection of the requisite information
from both the public and private sector, is currently underway.
In an effort to further educate all stakeholders on the Strategy, the
FIU will be holding a seminar on 15t October 2007, at the British
Colonial Hilton Hotel, Bay Street, Nassau, Bahamas, from 8:30
a.m. to 12 Noon.
Admission is free, however, seating is limited to one person per
organization. Those organizations wishing to attend this seminar
should provide the FIU, by 5& October 2007, at the latest, with the
names of their designated representatives, by calling or forwarding
same to the following address:
Director
Financial Intelligence Unit
3"1 Floor, Norfolk House
P.O. Box SB-50086
Nassau, Bahamas
Tele: 242-356-6327/242-356-
9809/242-356-9808
Fax: 242-322-5551
E-mail: director@fiubahamas.bs


THE TRIBUNE


FRIDAY, SEPTEMBER 28, 2007, PAGE 7B


ILif~-Exrfl v












PAGE 8B, FRIDAY, SEPTEMBER 28, 2007


THE TRIBUNE


Film Studios buyer hopes sale






injunction 'only a hurdle' to deal


'FROM page 1



claim.
The judge's order, though,
allows Ross Fuller, the
Nashville-based investment
banker who controls the
Bahamas Film Studios through
Bermuda-based Ashby Cor-
poration and is trying to sell
it, or Mr Bethel and his group,
to apply to set aside or over-
turn the injunction.


This is one option they may
have to pursue to try and con-
clude a sale, another one being
to settle Phoenix Engineering
Group's claim, which is
believed to be for a six-figure
sum.
Mr Bethel told The Tribune
yesterday: "Our party is still
very interested in seeing a very
favourable conclusion to this
deal, and consider this
[Phoenix Group] action hope-
fully only as hurdle to get over.
"These lawsuits do present


Legal Notice

NOTICE


HIDALGO S.A.
(In Voluntary Liquidation)

-----


Notice is hereby given that in accordance with section 138
(8) of the International Business Companies Act 2000, the
dissolution of HIDALGO S.A. has been completed; a
Certificate of Dissolution has been issued and the
Company has therefore been struck off the Register.




ARGOSA CORP. INC.
(Liquidator)


Legal Notice

NOTICE


WEALTHY ALLIANCE LTD.
(In Voluntary Liquidation)
--- --


Notice is hereby given that in accordance with section 138
(8) of the International Business Companies Act 2000, the
dissolution of WEALTHY ALLIANCE LTD. has been
completed; a Certificate of Dissolution has been issued and the
Company has therefore been struck off the Register.




ARGOSA CORP. INC.
(Liquidator)


themselves as a hindrance to
closure, and we would like to
be able to resolve them in
some form so that the deal is
concluded favourably for
everyone."
It is understood that Mr
Bethel and Mr Fuller may
have been close to concluding
a deal before the Phoenix
Engineering Group order
emerged, and the injunction
has placed everything "on hold
until this legal matter is
worked out".


"We would still like to pro-
ceed in terms of concluding the
transaction, but, of course, we
cannot go against a court
order," Mr Bethel added.
"Our party is very much
interested in concluding the
transaction, and we would
hope we can get beyond this
legal matter fairly swiftly and
move forward and progress."
A plethora of lawsuits cur-
rently surround the Bahamas
Film Studios. Paul Quigley,
one of the Bahamas Film Stu-


Legal Notice

NOTICE


COOLWATER LTD.
(In Voluntary Liquidation)




Notice is hereby given that in accordance with section 138
(8) of the International Business Companies Act 2000, the
dissolution of COOLWATER LTD. has been com-
pleted; a Certificate of Dissolution has been issued and
the Company has therefore been struck off the Register.




ARGOSA CORP. INC.
(Liquidator)


Legal Notice

NOTICE


DAVISO OCIAN S.A.
(In Voluntary Liquidation)




Notice is hereby given that in accordance with section 138
(8) of the International Business Companies Act 2000, the
dissolution of DAVISO OCEAN S.A. has been completed; a
Certificate of Dissolution has been issued and the
Company has therefore been struck off the Register.




ARGOSA CORP. INC.
(Liquidator)


I)IDaMIFm


Pricing Information As Of:


C F A L"


Z.fit bel.urvc.O,.Ul yt 7
0.54 Abaco Markets
11.00 Bahamas Property Fund
7.51 Bank of Bahamas
0.70 Benchmark
1.52 Bahamas Waste
1.20 Fidelity Bank
9.55 Cable Bahamas
1.80 Colina Holdings
11.60 Commonwealth Bank
4.70 Consolidated Water BDRs
2.20 Doctor's Hospital
5.54 Famguard
11.51 Finco
13.82 FirstCaribbean
5.18 Focol (S)
0.54 Freeport Concrete
7.10 ICD Utilities
8.52 J. S, Johnson
10.00 Premier Real Estate


11.60
9.55
0.85
3.73
1.95
11.00
3.15
16.20
5.76
2.35
6.30
12.80
14.75
6.10
0.70
7.25
10.05
10.00


11.60
9.55
0.85
3.73
2.14
11.00
3.15
16.20
6.11
2.35
6.30
12.80
14.75
6.10
'0.70
7.25
10.05
10.00


1,000

5,487
1,300


0.094
1.527
0.733
0.048
0.275
0.051
0.996
0.208
1.190
0.112
0.284
0.804
0.768
0.934
0.364
-0.415
0.411
0.991
1.167


0.000
0.400
0.260
0.020
0.060
0.040
0.2,40
0.080
0.680
0.050
0.000
0.240
0.570
0.470
0.133
0.000
0.200
0.580
0.600


0.00%
3.45%
2.72%
2.35%
1.61%
1.87%
2.18%
2.54%
4.20%
0.87%/c
0.00%
3.81%
4.45%
3.19%
2.17%
0.00%
2.76%
5.77%
6.00%


52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div $ P/E Yield
14.60 14.25 Bahamas Supermarkets 14.60 15.60 16.00 1.125 1.485 13.9 10.17%
B.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
.54 0.20 RND Holdings 0.35 0.40 0.20 -0.030 0.000 N/M 0.00%

,1.00 41.00 ABDAB 41.00 43.00 41.00 4.450 2.750 9.0 6.70%
14.60 14.00 Bahamas Supermarkets 14.60 15.50 14.00 1.125 1.485 12.6 10.17%
3.55 0.40 RND Holdings 0.45 0.55 0.45 -0.030 0.000 N/M 0.00%

52wk-Hi 52wk-Low Fund Name NA V YTD%, Last 12Months Div $ Yeld ...
1.3576 1.3084 Colina Money Market Fund 1.357552*
3.3402 2.9449 Fidelity Bahamas G & I Fund 3.3402***
2.8869 2.4606 Colina MSI Preferred Fund 2.886936***
1.2698 1.1923 Colina Bond Fund 1.269803**
11.6581 11.1622 Fideli Prime Income Fund 11.6581"***
Oi NN AL b1A NUj.ee2 $1,:00


I5AX ALL SHAHL INDE-X 19 Dec 02 = 1,000.00
52wk-HI Highest closing price In last 52 weeks
52wk-Low Lowest closing price In last 52 weeks
Previous Close Previous day's weighted price for daily volume
Today's Close Current day's weighted price for dally volume
Change Change In dosing price from day to day
Dally Vol. Number of total shares traded today
DIV $ Dividends per share paid In the last 12 months
P/E Closing price divided by the last 12 month earnings
(S) 4-for-1 Stock Split Effective Date 8/8/2007
Chne-Cag ndsn rc rmdyt a


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


NAV KEY
* 21 September 2007
" 30 June 2007
***- 31 August 2007
"" 31 July 2007


dios' three founding partners,
has a legal action outstanding
in which he is claiming $1.3
million in compensation a
claim that is understood to
have risen to $2 million over
sums owed to him after he was
removed from the project.
That case is due back 'before
the courts next week.
In addition, Bahamian engi-
neer Keith Bishop and his
company, Islands by Design,
have attached a lien to the
Bahamas Film Studios' sale,
alleging they have not been
paid $80,000 for an Environ-
mental Impact Assessment
(EIA) they performed.
The Tribune has been
informed by sources close to
developments surrounding the
Bahamas Film Studios that the
Government will not approve
the purchase by Mr Bethel and
his group unless all the debts
and legal actions surrounding
the facility are settled, and an
action plan is presented for
doing so.
The Bahamas Film Studios is
understood to owe $9.95 mil-
lion to United Insurance, the
insurance firm that underwrote
a loan from FirstCaribbean
International Bank (Bahamas)
that financed construction of
the studios' water tank, and


paid up to cover the bank's
exposure. A further $1 million
in debts are believed to be
owed to Grand Bahama-based
companies that supplied prod-
ucts and services to the
Bahamas Film Studios.
The Tribune has also
received reports that lease pay-
ments to the Government,
which owns the Bahamas Film
Studios site, may not be cur-
rent, although this could not
be confirmed.
Mr Bethel previously said
Bahamas Filmlnvest's plans to
revitalise the now-closed
Bahamas Film Studios, which
hosted, the filming of Pirates
of the Caribbean II and III,
had not changed and involved
an ultimate investment of $80-
$90 million.
Mr Bethel's group and Mr
Fuller had agreed a deal in
principle earlier this year,
believed to be for a price
around $14 million, only for
the deal to fall apart amid
mutual recriminations from
both sides.
However, the two parties
came back to the negotiating
table after Mr Fuller failed to
attract any rival offers that
matched Mr Bethel and his
Bahamas FilmInvest Interna-
tional group.


NOTICE

NOTICE is hereby given that ALEXSANDRINE INNOCENT
of GRACE Ave. MURPHY TOWN, ABACO, 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 21st 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 RENE PIERRE OF WEST END,
P.O. BOX F-40283, GRAND BAHAMA, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship,
for registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why registration/
naturalization should not be granted, should send a written and
signed statement of the facts within twenty-eight days from the
28TH 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 ERADOR DORVILUS of
MACKEY St., P.O. BOX N7060, 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 28TH 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 SOPHIA AUGUSTIN of
OKRA HILL, 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 28TH 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 JASON DIAS of CARMICHEAL
MEADOWS, P.O.BOX CR-55770, 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 28TH 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 WISLEY MASSILLON of WEST
Ave., CARMICHEAL Rd, 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 28TH day of SEPTEMBER, 2007 to the Minister
responsible for Nationality and Citizenship, P.O. Box N- 7147,
Nassau, Bahamas.


III]IIIIPII1~


I a











FRIDAY, SEPTEMBER 28, 2007, PAGE 9B


THE TRIBUNE


Verizon allows abortion rights





group to use mobile network





for text messaging programme


* By JEFFREY GOLD
AP Business Writer

NEWARK, N.J. (AP) -
Reversing course, Verizon
Wireless on Thursday said it
will allow an abortion rights
group to use its mobile net-
work for a sign-up text mes-
saging programme.
The announcement came a
day after the Basking Ridge-
based unit of Verizon Com-
munications Inc. said it had
denied a request by Naral Pro-
Choice America for the pro-
gramme.
"The decision to not allow
text messaging on an impor-
tant, though sensitive, public


policy issue was incorrect, and
we have fixed the process that
led to this isolated incident,"
Verizon Wireless spokesman
Jeffrey Nelson said in a state-
ment.
"Upon learning about this
situation, senior Verizon Wire-
less executives immediately
reviewed the decision and
determined it was an incorrect
interpretation of a dusty inter-
nal policy," Nelson said, .._
"That policy, developed
before text messaging protec-
tions such as spam filters ade-
quately protected customers
from unwanted messages, was
designed to ward against com-
munications such as anony-'


mous hate messaging and adult
materials sent to children."
The programme by Naral,
based in Washington, D.C., lets
people sign up to receive its
text messages by punching in a
message to a five-digit num-
ber.

Codes

Known as "short codes," the
five-digit numbers have
become a popular way to get
updates on everything from
sports to politics to entertain-
ment news.
Other leading wireless car-
riers have accepted Naral's
request to use their networks.


Nelson on Wednesday had
said that abortion was among
topics barred from mass distri-
bution based on the compa-
ny's code of content, but noted
that the code had been devel-
oped "before text-messaging
became a mass-market phe-
nomenon."
Naral president Nancy
Keenan said Thursday that the
organisation was distressed by
the company's original denial
of Naral's request.
"This is where you have a
corporation that is censoring
free speech," Keenan said.
"That is the issue here that is
pretty frightening in a democ-
racy."


RBC
.l FINCO




FINANCE CORPORATION OF BAHAMAS LIMITED


Chairman's review of the unaudited results
For the nine months ended July 31", 2007



We wish to report that net income for the nine months ended July 31s, 2007 $15,193,852
decreased marginally by $306m or 2.0% compared to the corresponding period last year.

The company's return on equity was 22.08% compared to 25.78% for the same period last year.
Earnings per share totaled .57f compared to .58g for the same period last year. The bank
experienced good mortgage growth although net interest margins were compressed during the
period, due to contracting spreads. Demand for mortgages remains strong and the bank is well
positioned to take advantage of growth opportunities.

An interim dividend of .13g per share was declared for the third quarter ended July 31st, 2007,
which was paid on 11th September 2007, to all shareholders of record as of 41' September 2007.
The dividend payment of .13% is consistent with the payment for the same period last year.




aging Director ( acting) Dico


FINANCE CORPORATION OF BAHAMAS LIMITED
BALANCE SHEET (Unaudited)
(Expressed in Bahamian dollars)
As of July 31, 2007 and
October 31, 2006


July 31, 2007


Cash
Statutory reserve account with
The Central Bank of The Bahamas
Investments
Loans Net
Fixed assets Net
Other assets
TOTAL
LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Deposits
Dividends payable
Other liabilities
Total liabilities
SHAREHOLDERS' EQUITY
Share capital
Share premium
General reserve
Retained earnings
Total shareholders' equity
TOTAL


October 31, 2006


$ 24,647,790 $ 21,823,993


27,548,567
48,469,333
596,150,142
2,932,128
1,197,559
$ 700,945,519


$ 587,361,763
16,600,000
1,523,980
$ 605,485,743

5,333334
2,52,258
500.000
S 87*074,184
95,459,776
S 700,945,519


FINANCE CORPORATION OF BAHAMAS LIMITED
STATEMENT OF INCOME (Unaudited)
(Expressed in Bahamian dollars)
(Nine Months Ended July 31, 2007)


INCOME
Net interest income
Provision for credit losses net
Net Interest Income after provision for credit losses
Fees and commissions
Total Income
NON-INTEREST EXPENSES
Total non-interest expenses
NET INCOME
EARNINGS PER SHARE


Nise Months
Ended
July 31, 2007

$ 20,868,215
(271,189)
20,597,026
2,830,576
23,427,602

8,233,750
S 15,193,852
$ 0.57


26,311,954
36,382,275
1 559,426,195 *4
3 2,738,664
1,138,926
S $ 647,822,007


$ 545,995,067
7,800,000
2,027,682
$ 555,822,749

5,333,334
2,552,258
500,000
83,613,666
91,999,258
$ 647,822,007






Nine Months
Ended
July 31, 2006

S 21,102,441
(437,621)
20,664,820
2,5%,635
23,261,455

7,761,107
$ 15500,348
$ 0.58


FINANCE CORPORATION OF BAHAMAS LIMITED
STATEMENT OF CHANGES IN EQUITY (Unaudited)
(Expressed in Bahamian dollars)
(Nine Months Ended July 31, 2007)


Share Share
Capital Premium


Balance at October 31,,2005

Net profit for the period
Dividends
Balance at July 31, 2006

Balance at October 31, 2006

Net profit for the period
Dividends
Balance at July 31, 2007


General
Reserve


Retained
Earnings


Total


$5,333,334 2,552,258 500,000 77,771,335 86,156,927

15,500,348 15,500,348
-(11.466,667) (11,466,667)
$5,333,334 2,552,258 500,000 81,805,016 90,190,608

$5,333,334 2,552,258 500,000 83,613,666 91,999,258

15,193,852 15,193,852
(1 1,733.334) (11,733,334)
$5,333,334 2,552,258 500,000 87,074,184 95,459,776


FINANCE CORPORATION OF BAHAMAS LIMITED
STATEMENT OF CASH FLOWS (Unandited)
(Expressed in Bahamian dollars)
(Nine Months Ended July 31, 2007)


CASH FLOWS FROM OPERATING ACTIVITIES
Net income
Adjustments for:
Depreciation
Provision for credit losses
Loss on disposal of fixed assets


Changes in operating assets and liabilities
Increase in loans and advances, net
Increase in deposits
Net cashub fm operating activities
CASH NFLOWS FnOM INVITING ACTIVITIES
Purchme of fixed Iets
Net (Purchase) Proceeds of investments
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITY
Dividends


NET INCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD
CASH AND CASH EQUIVALENTS, END OF THE PERIOD


July 31, 2007

S 15,193,852

360,181
271,189
7,776
15,832,998

(1,798,948)
(36,995,136)
41,366,696
18,405,610

(561,421)
(12,087,058)
(12,648,479)

(2,933334)

2,823,797
21,823,993
$ 24,647,790,


July 31, 2006

$ 15,500,348

354,619
437,621
-11,890
16,304,478

(2,891,585)
(32,017,287)
32328,940
13,724,546

(567,638)
(3,019,579)
(3.587,217)


1,470,662
27,478,086
$ 28.948,748


FINANCE CORPORATION OF BAHAMAS LIMITED
Notes to UaIdlead It-ri C-'Nuuik F]nlaisl Statements
(Nine Moths Eded July 31,20"7)


1. ACCOUNTING POLICIES

These interim condensed financial statements have been prepared in accordance with
International Accounting Standard 34 Interim Financial Reporting. The accounting policies
used in the preparation of these interim financial statements are consistent with those used in
the audited financial statements for the year ended October 31, 2006.

2. COMPARATIVES

Certain comparative figures have been restated to comply with the presentation of these
interim financial statements.


_ . 711 i r~II


ASSETS


-ri -- .. lsl


i ic ltor jstcl l













THE TRIBUNE BUSINESS


PAGE1OB


JUDGE PARKER


1


xr WASN'" NOT C A9W
AT PRIFW-MOTH*R HAS
ALWAYv s8"N pO reVa ntJ


BLONDIE


NON SEQUITUR



STOO Or*FR'T
UAW | Uc.


[ CRYPTIC PUZZLE


ACROSS
.3 A girl writing to an old U.S.
president (5)
I The worth of Eva, possibly about to
haw a bit of luck (5)
.10 One o around in the passage (5)
11 He may wel be gnger (3)
12 Womnof wldom? (5)
13 Bert old e as an tm of attire (7)
.15 Good lbkforadnMus (inntoe
*S?) (5)
18 Fgure toprovide cor (3)
1i Her red Is disAuabed, really (6)
21 OMuppoalda not behig brown up?
(3,4)
22 Due okget nmrilonnolnhng(4)
23 Surrounded by emns pwpads (4)
24 Can Iey not chose to he some-
hng to eat in bars? (7)
26 Though an edition's come out late,
qu chufedl (6)
29 A dort engagement (3)
31 Ouidly ulin a gag, any system
rilncing dissidents (5)
32 Itlded by being exercised? (7)
34 W lWround tobe given a boat

35 A llheIMI e r on etget
on with (3)
36 Find there' reel cheo at tie
financial centre (5)
37 The man at the pub or hlof beer

38 Long to finish prison adwt wlv
, months(5)


DOWN
1 Stick to prohibition all round (5)
2 Made ominous noises when discov-
ered (7)
4 A grubby list of what you
can have? (4)
5 Crattly arming, on the side? (6)
6 What windows have hat's no good
In a shp (5)
7 Soitary article getting Noel upset (5)
9 Person sald briefly to give us a bit of
a clue (3)
12 Went around selling
(on a bike?) (7)
14 Out of politeness, not left in
the dark (3)
16 Possibly published at various
tines (5)
17 Could be rated a business (5)
19 Dranklke a skinhead wearing false
hair (7)
20 Direction of a glance? (2,3)
21 Allowed a member a
late start (6)
23 Discussing the toss? (7)
24 Plead with an individual to
go away (6)
25 An inspiring tune? (3)
27 Drawn into a crazy duel outright (5)
28 Hang around waiting for the feath-
ers? (5)
30 One person's natural Inheritance (5)
32 Look equal (4)
33 The boy' so nervous to
art wth (3)


I IN aysoypt _icolutons I_ I yesterday's emsy solutions
AC *WT emn13,&H.Oit14,Tr d AC.OSS, Correct ., Catamaran 13 Music 14, Exile 15,
17.?,T 11 Nirvana 16, Resol 17, Eris 18, Ni ht, Event 22,
23 F 21, Beu-Ir-
). 31$, 3 B.SoneXr43, h d(rh ) .Intend 3, Atlas 35, Obese 36S, Unie 37, Matine 9,
36llN 37 b 439, ; 1: .41, Mason 42, Drawl 43, Idnerary 44,
0Mtni1 ir 3, PelL y Pruy4, Dead DOWN: 1, Boasts 2, Bracelet 3, Accelerates 4, Gate-crash
M IS h-e .ng, C- (r) 10, 5, Tarnish 6, Fahrenheit 7, Data 10, Emerge 11, Directs
Ch S11, Men- 1 e19 n- 21, Pur 12, Wastes 19, General 21, Example 24, Fundamental 26,
out 4, R dos= n I26, .Tdaway 28, Halyhd29, Clementine 28, Infirmary 29, Release 30,
Pan nmes30, FI Bas e-bal 33, Re- 34, Proflt 32, Antidote 33, Smells 34, Nursery 38, Nearly
General 38, as onI40, 40, Note.


"WILL 115 MOTHER OFPENNIS MITCHELL
EAS COME-O iTwH MANAGER'6 OFFICE
...ANP RING YOUR CHECKS4OOKIf"f


A Case for
South dealer.
Both sides vulnerable.
NORTH
S *A75
VAJ3
. QJ10873
45
WEST EAST
+ *J1098 4642
VQ1085 YK62
*AK *94
762 4J 10943
SOUTH
*KQ3
a W974
<*652
T hAKQ8
The bidding:
South West North East
1 4 Pass 1 + Pass
1 NT Pass 3 NT
Opening lead jack of spades.
One trait that distinguishes the
accomplished player from the run-
of-the-mill player is that he won't
give up when he appears licked. This
applies just as much to a defender as
a declarer. The governing principle is
always to try to succeed, even when
the outlook is gloomiest.
Consider this deal where West led
the spade jack against three notrump,
East playing the discouraging deuce
and South the king. Declarer
returned a diamond, taken by West
with the king, and the outcome of the
hand now hinged on West's next
play. There was only one card in his
hand he could lead to defeat the con-


a",No!'A SQUMA OOF--
9wws 5AKWOS 0A TAE
BEGW! 1 FASLA
BEWGN m1WE BMBS
RESIN 10 FMiL!


the Defense
tract, and West found it the heart
ten!
Once West returned the ten,
declarer's goose was cooked. If
South played dummy's ace, the
defenders would subsequently score
three hearts and two diamonds. If
dummy played the jack instead, East
would win with the king and return a
heart to achieve the same result. And
if dummy played the three,' East
would signal with the six and then
play his king on the heart continua-
tion. In all three cases, South was
certain to go down one.
The winning defense was based
on practical considerations. West
realized he couldn't afford to "play
safe" by returning the spade ten at
trick three. D nmmy's diamonds were
much too threatening for West to
simply stand pat with another spade
lead.
His only realistic hope was to find
East with the king of hearts, and he
geared his defense to that one hope.
Moreover, to cater to the possibility
that South had the nine, it was neces-
sary for West to lead the ten. If he
had led the five instead, declarer
would have played low from dummy
and wound up with an overtrick.
Observe that the lead of the
queen by West at trick three would
also have proven ineffective.
Declarer wins with dummy's ace,
returns a diamond and again cannot
be stopped from scoring 10 tricks if
he plays correctly.


TARE


E


E


thate
wonrdtI


21st
lu)C-
e(1999
ditflo)


"A aV ~r' W r *M" v- -LVJ HOW many words of four
letters or more can you make
SI from the letters shown here?
In making a word, each letter
may be used once only. Each
must contain the centre letter
and there must be at least one
nine-letter word. No plurals.
TODAY'S TARGET
Good 16; very good 24;
.W ...-5-*. = ...--. excellent 32 (or more).
Solution tomorrow.


ACROSS
3 Merriment (5)
8 Sprinkle(S)
10 Automaton (5)
11 Listening organ (3)
12 Underneath (5)
13 Money (7)
15 Denounce (5)
18 witch (3)
19 Scan (6)
21 Cargo ships (7)
22 Stagger (4)
23 Support (4)
24 Neat (7)
26 Navigates (6)
29 Bom (3)
31 Olant (5)
32 Leaves (7)
34 Satisfied (5)
35 Be seated (3)
-36 Salute (6)
37 Insurgent (5)
38 Slow tmpo (5)


DOWN" ----
1 Talk (5)
2 Of marriage (7)
4 Footpart(4)
5 Wears
away (6)
6 Oarsman (5)
7 Teems (5)
9 Knock (3)
12 Sponsors (7)
14 Metal (3)
16 Indian dish (5)
17 Barks (5)
19 Primped (7)
20 Faith (5)
21 Principle (5)
23 Gratified (7)
24 Decorated (6)
25 Agent(3)
27 Jewelled
headdress (5)
28 Artis stand (5)
30 Freshwater
mammal (5)
32 Hollow (4)
33 Chest bone (3)


1


Igor Bondarevsky v Anatoy -
Ufimtsev, first category trade
union championship, Leningrad
1936. It was a really obscure
game, so much so that only the
finish has survived. A Soviet
magazine published
Bondarevsky's tactic, which
made such an impression that it
was already in UK books by the
early 1940s. Bondarevsky was a
grim-faced individual who
became a regular in Soviet
teams even though he was the
only USSR player to lose when
they crushed the United States
in a 1945 radio match. There
were persistent rumours that he
had good KGB connections.
Ufimtsev's career also took off
when his championship of the
defence 1 e4 d6 was named
after him throughout the Soviet
bloc. It was actually a political
decision because the true
populariser of 1 ...d6 was the
Yugoslav Vasja Pirc at a time


FRIDAY,
SEPT 28
ARIES March 21/April 20
Preparation is key this week, Aries.
Be ready to hit the ground running
when new opportunities arrive that
allow you to showcase your talents.
TAURUS April 21/May 21
Although it seems like you're facing
a tough decision, if you think about
it logically, the answer is clear. Do
only what feels right to you, Taurus.
You are the master of your own fate.
GEMINI May 22/June 21 -
If you feel like your life has lacked a i
certain sparkle recently, Gemini, *
now's the time to prepare for a
change. A new romance is on the
horizon, but you must act quickly to '
take advantage of the opportunity.
CANCER June 22/July 22
This is a week to assess where you are
in life, Cancer. Are you doing all you
can to succeed? Make time to nurte
a new romance. Of course you're
busy, but the results are worth it.
LEO July 23/August 23
Events are important this week,
Leo, but not nearly -as important as
your attitude. The tide is beginning
to turn in your favor, so stop whin-
ing and have a little fun.
VIRGO Aug 24/Sept 22
Don't be too hard on yourself when
something doesn't go quite as you
planned it, Virgo. Focus your efforts
on moving on to new success.
LIBRA Sept 23/Oct 23
You'll be especially alert to patterns
and similarities in those around you,
Libra. Try to use this information to
your advantage. On Friday, an old
flame stops by to chit-chat.
SCORPIO Oct 24/Nov 22
Success is all about timing this
week, Scorpio. You may be full of
big ideas, but it's best to not do any-
thing about them just yet. Do what
you can to help a family member
with a personal problem on Tuesday. '/
SAGITTARIUS -Nov 23/Dec21 1
The fears and doubts of the past few
weeks are starting to fade. Although
you may feel that you can take on
-the world, don't. get too cocky -
that's asking for trouble. y
CAPRICORN Dec 22/Jan 20
Money matters come to the fore this
week. Now's the time to give some
thought to why your finances are
not as good as you'd like them to be
and what you can do about it.
AQUARIUS Jan 21/Feb 18
This week, you'll use what you
know to persuade others to go along
with your plans. Failure is just not
in your vocabulary this week.
PISCES Feb 19/March 20
Things have been going great for
you, Pisces. Be careful not to take
this for granted. Remember the peo-
ple who helped you get to where you
are today.


a b c d e r f h
when the Stalin-ito split was
acute. Chessplayers took the matter
seriously, and at one World Chess
Federation meeting the Soviet
delegate spat at the Yugoslav. Alas
for Ufimtsev, most of today's
influential opening books are in
Western languages so Pirc now
generally gets the vote. Back in
1936, can you reconstruct
Bondarevsky's magical finish as
White (to move)?
LEONARD GARDEN


LO'LO'w'NOnc
Chess solution 8422: 1Rh8+Kf7 2 Be8+1Nxe8 3 Kg5
with no defence to Rf8 mate.


U


IFACE rC, KI M-

6004. "r


C O ,, :- OB


COMICS PAGE










THE TRIBUNE BUSINESS


FRIDAY EVENING SEPTEMBER 28, 2007
7:30 8:00 8:30 9:00 9:30 10:00 10:30
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LIFE Putting the best One' A(CC) about having to AlSapienza. Premiere. A woman hires a man to investigate her hus-
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