<%BANNER%>
The Tribune.
ALL ISSUES CITATION THUMBNAILS ZOOMABLE PAGE IMAGE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/UF00084249/03004
 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: 10/4/2007
 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_03004
System ID: UF00084249:03004

Full Text









FEASTONOUR

POUNDER W/X P im lovin' it,.
HIGH 92F
LOW 79F

.. SUN WITH
S. T-STORM


The


Tribune


#1 PAPER IN CIRCULATION


BAHAMAS EDITION


Volume:


or


THURSDAY, OCTOBER 4, 2007


0


Audit 'raises serious

concerns over

contracting process'


. By BRENT DEAN
Tribune Staff Reporter.
bdean@tribunemedia.net
THE FNM government pre-
sented a damning report on
the conduct of the Christie
administration in the House
of Assembly yesterday by
independent auditors, who
said that three quarters of the
high-value contracts issued by
the Ministry of Works were
awarded to firms without com-
petition, and that the overall
selection process resulted in
"contractor selection not being
conducted in an open, trans-
parent or fair manner."
Public Works Minister Earl
Deveaux read excerpts from
the report yesterday in
response to a question by
North Andros MP Vincent
Peet on what contracts were
cancelled by the government,
when the House last sat before
the summer recess.


The audit, done on behalf
of the Auditor General by the
British Crown Agents six
months before the FNM
became the government,
reported on December 6,2006
that "our audit raises some
SEE page 15


PRIME MINISTER and Minister of Finance Hubert Ingraham waves
to members of the public as he arrives'in Rawson Square for the
opening of the House of Assembly on Wednesday, October 2, 2007.

PLPs protest contract terminations


Government cancels millions rP T

in road and school contracts LI


* By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
THE Government has cancelled $10.4 million in road contracts
and $12.045 million in school contracts, while suspending $32 mil-
lion in other school contracts, it was revealed yesterday in the
House of Assembly.
Public Works Minister Earl Deveaux presented this information
to the House in response to a question raised by North Andros MP
Vincent Peet before the summer recess.
SEE page 13


PLP LEADER Perry Christie speaks to the press yesterday in c
Rawson Square where PLP supporters and party members E
protested contract terminations by the FNM government. i
SEE PAGE TWO

Ingraham criticises former govt's
Domestic Investment Board


* By CARA
BRENNEN-BETHEL
Tribune Business
Reporter
and NEIL HARTNELL
Tribune Business Editor
THE Christie-led PLP gov-
ernment's Domestic Investment
Board "appeared to have little
purpose other than to add a lay-
er of bureaucracy to processes
required of Bahamians seeking
to invest in our economy,"
Prime Minister Hubert Ingra-
ham said yesterday.


Mr Ingraham, during the
question and answer period for
opposition members in the
House of Assembly, said that
apart from appointing two con-
sultants former Bahamasair
managing director Paul Major,
and ex-Water & Sewerage Cor-
poration chairman Don
Demeritte to the Domestic
Investment Board, the former
administration took "no action"
to identify and approve its
directors.
SEE page 13


I






* By RUPERT MISSICK Jr
and PAUL
TURNQUEST
Tribune Staff Reporters
REGINALD Ferguson, the
former senior assistant com-
missioner of police, has been
appointed Deputy Commis-
sioner by Governor General
Arthur Hanna.
Mr Ferguson's duties came
into effect on October 1.
He replaces John Rolle in
the position and will be sec-
ond only to Police Commis-
sioner Paul Farquharson.
Many persons anticipated
the move after Mr Rolle
retired and Mr Ferguson was
moved to the post of Acting
Commissioner while Mr Far-
quharson was on leave.
"I think I feel good about
it," Mr Ferguson began. "I
think coming to the position
gives you greater authority
and-this is a position that
allows me to affect some areas
that would be entirely in the
purview of the Deputy Com-
missioner."
Mr Ferguson also com-
mented on the level of crime
in the country, and the high
detection rate that the Royal
Bahamas Police Force cur-
rently enjoys.
SEE page 15


Claim that
Bahamians
should be able to
vote on gay issue
THE people of the
Bahamas should be allowed
to vote on the gay issue, and
decide whether the "moral
genocide" caused by homo-
sexuality should be allowed to
continue, it was claimed yes-
terday.
A referendum is being
urged by anti-gay activists who
now plan a series of town
meetings to test public feeling
on their bid to outlaw the
homosexual lifestyle.
"As far as I am concerned,
the gay lifestyle is moral geno-
cide," said fathers' rights
champion Clever Duncombe,
"These people don't believe
in procreation, and they have
no interest in child issues.
They will tell you so."
SEE page 15


S.... ." : _- 2

S- L Y S -
b~a~~/


" ....".... ....- I '"
_. __ :[I,.. V-," 'iL ~ l]_,I::',. _' _, _r '' j 77'' i:--i' ;' "
*.. .. ..' ,.-' ., ,7 ,. ...... ...l -.. -.- -.-_ -'_ -_._, .", ,


Life. Money. Balance both:


g0


,i


Sctaak


'


~I~XZ~d
1


"ac

















Contractor sues government for




non-payment of housing bills


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
A CONTRACTOR has filed
a suit against the government
for not paying him in full for
the cost of a house he built over
a year ago, an alleged default
which he says has caused him
to fall on extremely hard times.
Rodney Taylor built five
houses for the government
between November 2005 and
August 2006 but to date has
only been paid in full for two.


His suit is claiming the rest of
the money owed to him for one
of the three houses for which
he claims payment is outstand-
ing $3,525 and for dam-
ages to cover the additional
costs that he claims to have
incurred subsequent to govern-
ment's non-payment.
Mr Taylor made his claim
without the aid of a lawyer, and
will be representing himself in
court as due to his newly indi-
gent state he cannot afford to
seek legal representation.
He is personally being sued


by the bank which loaned him
funds that he used to cover
some of the costs of construct-
ing the homes, as he has
defaulted on his payments to
the bank'because of the depart-
ment of housing's alleged non-
payment.
Although he also owes mon-
ey to various building materi-
als -firms, he said that as of yet
no legal action has been taken
against him on their part
because those whom he deals
with at those firms know that
"this is not (his) style" and the


matter is out of his control.
Mr Taylor said he has not
yet decided whether he will sue
over the other two homes, for
which he is owed similar sums,
and continues to hold out hope
that a resolution will be
reached.

Aid

Yesterday, after an interview
with Mr Taylor The Tribune
took him to his local social ser-
vices department where he was


going for the first time in his
life to seek financial aid to help
him support his young family.
Mr Taylor is in a "catch-22"
situation, impoverished but
unable to go to work, as he is
currently without the money to
buy gas to fuel his truck, or to
buy materials to use on the job.
"I can't even go to work, I'm
so broke. I exhausted all the
funds I had in those houses,"
said Mr Taylor, who said that
he used his last drop of gas to
drive lis children half way to
school, without lunch, that


morning, as he could not afford
to take them the entire distance.
Mr Taylor explained that he
had expected payment to be
forthcoming once a new gov-
ernment came to power, how-
ever his hopes have as yet been
thwarted.
Having spent his money on
the government low-cost
homes, Mr Taylor's own living
conditions have also suffered,
as roof repair work he began
undertaking when he was not
in debt now cannot be com-
pleted until he finds funds.


PLP supporters



protest alleged



victimisation


B By BRENT DEAN
Tribune Staff Reporter
bdean @tribunemedia.net
ABOUT sixty PLP support-
ers protested contract termina-
tions by the FNM government
in front of the House of Assem-
bly yesterday, branding the gov-
ernment's actions as "mass vic-
timisation."
The supporters, most dressed
in yellow PLP shirts and accom-
panied by PLP MPs who stood
with them in solidarity, started
to congregate from 9am.
Enid Falconer, who lost her
job with the Ministry of Works,
told The Tribune that she was
terminated on September 30th
and has not yet been given a
reason for the decision.
"I have two kids. One five
;nd a one year old. I at the


stage of where I buyin' pam-
pers, milk, food, and I unem-
ployed right now," she said.
"I feel I was victimised," Ms
Falconer said, adding that she
was participating in the protest
because she has to fight for her
job.
"I need a job. I can't knock
to nobody door. I can't go in
no one shop to owe them. I
have to pay," she said, holding
her one-year-old child in Raw-
son Square.
PLP MP for St Thomas
More Frank Smith told The Tri-
bune that of the scores of per-
sons terminated by the FNM
some were employed for
months in some cases, and years
in others, countering the FNM
argument thai the contracts the
government let expire were
short-term election ploys.


PLP SUPPORTERS flocked to Rawson Sqaure where they demonstrat-
ed concerns about alleged victimisltion


"We are here to show our
support for those persons who
have been victimised in the
most callous way by the Free
National Movement govern-
ment. I know that many people
are wondering how many and
the extent to which people have
been victimised. I can tell you it
is very wide and very devastat-
ing," Mr Smith said.
"Because they were hired
under the PLP's administration,
they have seen fit to just get rid
of every single person because it
is perceived that once you had a
job during these past five years
under the PLP, you are a PLP
supporter," Mr Smith claimed.
Public Works Minister Earl


Friendly Motors and


Sanpin Motors


are having ajoint


AUTO EXTRAVAGANZA

Saturday, October 6th, 2007

9am 4pm


Speci

Pricir

On All'


Thompson Boulevard

Tel: 356 -2751 Fax: 328-6094


i.1










al

ng
2007
s In

k






, ~ -H" I'** i .


Deveaux told The Tribune that
he thinks the PLP is merely
using this issue for political gain.
"It is designed to stir up feel-
ings of discontent and hurt.
They (the PLP) know what they
did. The minister responsible
for operation second chance
was responsible for the public
service, and they could of done
it (hired the workers) properly
and in order," Mr Deveaux said.
"Many of the people who
were let go did not have letters
of appointment," Mr Deveaux
said. The minister explained
that his ministry even assisted in
researching and validating the
claim of several workers who
were not paid, ensuring that
they were paid, and providing
them an additional two months
salary to cover the back to
school period.
Answering the criticism that
the protest is merely a gimmick
to embarrass the government
and increase the opposition's
base of support, Yamacraw MP
Melanie Griffin said:
"The PLP has support. The


DEMONSTRATORS BRANDISH their placards as part of the protest in.
Rawson Square


last election showed that the
PLP has almost 50 per cent of
the support of the people in this
country. And if it was not for
the shenanigans during the elec-
tion, the PLP would have been
the government of the day. So
we have no reason to drum up
support. We already have sup-
port. But we want to stand with


4A-


the people who are being vic-
timised."
Prime Minister Ingraham
denied that his government is
engaged in systematic victimi-
sation while speakingin the
House. He said "bring me their
names, and if the facts bear
them out, we will make amends
and move on."


~4 --~---------T -~ ----------- ~


PAGE 2, THURSDAY, OCTOBER 4, 2007


THE TRIBUNE


;


I;
is



:
I''


*


Ir..u-,..I~Uf3~C~iik~l~y~pl~aLir











LC N


SIn brief

Howard K
Stern suing
Rita Cosby
for $60m

HOWARD K STERN
is suing TV personality
Rita Cosby for $60 mil-
lion over allegations made
in her bestselling book
about Anna Nicole Smith.
The lawsuit, filed in
New York federal court,
seeks $10 million in com-
pensatory damages and
$50 million in punitive
damages.
Stern, who still lives in
Nassau, has taken issue
with several allegations
made in the book, Blonde
Ambition, which hit both
the New York Times and
Amazon bestseller charts
when it was published last
month.
He claims in his suit
that Cosby falsely accuses
him of criminal lewd acts,
homosexual acts,
illegal possession and use
of cocaine, conspiring to
commit murder and
kidnapping for
ransom.
"Defendants have
exploited Ms Smith's life
and death by publishing
false and defamatory
accusations against
Stern," says the suit filed
by lawyer Lin Wood.
Larry Birkhead, father
of Anna Nicole's daugh-
ter Dannielynn, is also
planning to sue Ms Cosby,
his lawyer claiming it was
just "a matter of time"
before a writ is filed.
Ms Cosby's publishers,
Grand Central, made no
comment.



Victim of
hit-and-run
succumbs
S-to injuries
N By NATARIO
McKENZIE
A MAN who was struck
down by a vehicle in a hit-
and-run incident on Tues-
day night succumbed to his
injuries early yesterday-
morning.
His death pushes the
traffic fatality count to 32
for the year. \
Police have identified
the latest traffic fatality
victim as Jonathan Saun-
ders a resident of Piper
Lane off Palm Beach
Street.
However, officers were
unable to confirm the
exact age of the deceased.
According to police
Chief Superintendent
Hulan Hanna, officers
received notice of the inci-
dent around 11.43 on
Tuesday night.
According to reports,
while walking on Palm
Beach Street, Mr Saunders
was struck by a black Nis-
san Sentra.
Mr Hanna said the dri-
ver of the vehicle sped
away from the scene.
Mr Saunders was taken
to Princess Margaret Hos-
pital where he was treated
for his injuries.
According to Mr Hanna,
Saunders succumbed to his
injuries.around 12.35 yes-
terday morning. Police are
continuing their investiga-
tions into this latest traffic
related fatality, which
comes just days after a 28-
year-old woman was
killed in a car crash.
On Sunday, Kimberly
Dames of 41 Mount Pleas-
ant Village, died after she
lost control of her car dur-
ing an early morning drive.
According to reports, Ms
Dames was travelling
northwest on the Western


Road, near Lyford Cay.
She reportedly lost con-
trol of the 1992 Honda
Civic she was driving and
crashed into a wooded
area, striking a tree side-
on, police said.


Immigration


officials reminded


of their obligation


to uphold the law


FREEPORT Mumurs of
corruption, extortion of
monies from illegal migrants
and excessive use of force
abound in the Department
of Immigration, Senator
Elma Campbell said.
"I would not want these
rumours to be true," she
warned immigration offi-
cers." My hope is that every
man and woman among you
to be beyond reproach.
The minister of state for
immigration was speaking in
Grand Bahama yesterday at
a one-day motivational sem-
inar, where she reminded
officers that their mandate
is to uphold the law without
fear or favour.
"For upstanding and hard
working immigration offi-
cers, who give excellent ser-
vices to our country, it is our
intention that you would be
rewarded," she added. "In
addition to promotion on
merit, we are putting a
series on initiatives together
that will publicly recognize
individuals for their effort
on a regular basis."
Ms Campbell said the gov-
ernment has listened to all
stakeholders in considering
a strategy for moving for-
ward with immigration poli-
cy.

Policy
"The building blocks for
the progressive development
of immigration policy must
include: a reduction in the
number of illegal migrants
in the country; a work per-
mit system that permits us
to expeditiously allow the
engagement of persons with
the skills and expertise we
need in our country, and at
the same time, disallow the
issuance of work permits to
persons that have contra-
vened the immigration laws
of the country, including
illegal entry or overstaying
their time.
"It also must include reg-
ularisation of the status of
residents and registration of
children born abroad to
Bahamian married women,"
Ms Campbell said.
Senator Campbell told
officers that it was no acci-
dent that the process of
improving their Immigration
product through seminars
and workshops began in
Grand Bahama.
"The conditions under
which you work here in
Grand Bahama are far from
ideal. Yet, we have been
able to proceed and dispatch
with the business of govern-
ment on every occasion I
have been here. Let me
assure you that the matter
of your accommodation is
one that we are consider-
ing," she said.


Ms Campbell said the
seminar was well timed
because its falls in the mid-
dle of the eighth annual
Public Service Week.
"The message is clear,"
she said, "as public officers,
your duty is to serve, and to
serve with excellence and
distinction in the work-
place."
Ms Campbell reminded
the officers that Prime Min-
ister Hubert Ingraham has
commented "on the custom
that had developed in recent
times to refer to civil ser-
vants as public officers. This
was a well-intentioned
development, having as its
purpose improving the
image and giving added
prestige to the civil service,
and attracting greater
respect for civil servants.
"In the process however,


he lamented that two impor-
tant words were lost: civil
and servant. Too many
(have) become neither civil,
or servant. Complaints from
the general public of poor
and indifferent service sig-
nalled the further break-
down of civility among pub-
lic officers," she said.
Ms Campbell noted that
being civil includes being
respectful, considerate,
courteous and polite.
She said service involves
being helpful, co-operative
and accommodating to all
on good days and bad
days.


Cuba offers Bahamas


medicine scholarships

THE Bahamas has been offered 15 scholarships for the study of
medicine by the government of Cuba.
Cuban Minister of Foreign Relations Felipe Perez Roque
announced at a recent ministerial meeting between Cuba and
CARICOM countries, that his government had decided to grant to
study medicine in Cuba to students from countries in the region.
According to a statement from the Cuban Embassy in Nassau, the
students must meet the following requirements:
be 25 years old or under
have completed 12th grade level undergraduate studies in sci-
ence
present a health certificate, including screening for chronic
illness
present a criminal record certificate
not have any disease or physical limitations that prevent a
future career in the medical profession
The Cuban government said it is preferable that the students be
from areas of their country that are difficult to access, so that they
can "exercise their profession once graduated for the benefit of the
inhabitants of those hard to reach regions.
The embassy said the students should be ready to travel on
November 15 of this year.







TERREL A. BUTLER,
Attorney-at-law has relocated from the
Office of the Attorney General
to operate as a General Practitioner at
12 Patton Street, Palmdale, behind FINCO.


Terrel A Butler & Associates
Terrel A. Butler
Counsel & Attorney-at-law.
Notary Public
12 Patton Street, Palmdale
Nassau, The Bahamas
P.O. Box CR-56766
Phone/Fax: (242) 328-7084


[i I Ho e& aiDcrt I o I,


'I


I
TRPIA


15% 75% OFF
on selected items

at

/ M/A.ISON DE'CO


'1-HE PI ITCH D E'SIGrN 1 T"
."'um ':! ,()'c/J


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


.<^




-GIAMEPLAN
A '--.--
K,^JrV l


THE GAME PLAN


T'HEHEARTBRE.
KID


1:05 13:351 WA 6:05 18:30 110:45


THE KINGDOM C 10O 3:20 NA 6:00 8:25 10:50
RESIDENT EVIL C 1:05 3:45 NIA 6:10 8:20 10:55
GOOD LUCK CHUCK C 1:15 3:30 NIA 6:05 8:30 10:45
THE BRAVE ONE C 1:00 3:30 NIA 6:00 8:20 10:45
DRAGON WARS T 1:20 3:20 WA 6:20 8:35 10:40
SHOOT'EMUP C 1:25 3:40 NA 6:15 8:40 10:55
MR. BEAN'S HOLIDAY A 1:10 3:30 NIA 6:20 8:25 1050
WAR C 1:10 3:45 WA 6:10 8:30 1050



1SE YOUR E-CARD TO RESERVE TIC :ETS AT: 03649 )R WW .GALLERIACINE AS.COM
THE SEEKER NEW 1:20 3:50 NIA 6:20 8:40 10:30
THE HEARTBREAK KID NEW 100 3:35 N/A 6:10 8:30 10:45
THE GAME PLAN A 1:00 3:30 N/A 6:00 8:30 10:45
THE KINGDOM C 1:05 3:35 N/A 6:05 8:25 10:40
RESIDENT EVIL C 1:15 3:45 N/A 6:15 8:35 10:35
THE BRAVE ONE C 1:00 3:40 NIA 6:00 8:20 10:40

H~ililillylill hl4:iTil~J IIT EWW~Xtl~ TiTH:*TT~lsl~gliglligllia


I III


rjygjj^^lM


THURSDAY, OCTOBER 4, 2007, PAGE 3


THE TRIBUNE


/ 11
<-


ir'


?T: -.: jw ^
TEiNGDOM











PAGEOR 4,UE THRDY COET,20EHIRBN


IN AUGUST an article by Tribune Busi-
ness Editor Neil Hartnell, reported that Stan-
dard & Poor a Wall Street credit agency
described as "worrisome" the rapid expan-
sion in the Bahamas' current account deficit,
which would result in the Bahamas becoming
even more reliant on foreign direct investment
to fill the gap.
According to the report the deficit more
than doubled its previous five year average at
23 per cent of gross domestic product (GDP) in
2006.
"The Bahamian economic model, though,'
has balanced out the current account deficit
through its traditional reliance on foreign direct
investment to fill such gaps," wrote Mr Hart-
nell. "In addition, through its tourism and
financial services industries, the Bahamas is a
services exporter, with both sectors generating
enough inflows to produce a capital account
surplus and protect the country's foreign
exchange reserves."
Added Standard & Poor (S&P): "While such
rapid current account deficit expansion is wor-
risome, growing foreign direct investment
standing at 15 per cent of GDP in 2007 and
projected to increase to 24 per cent by 2009,
provides significant deficit financing and safe-
guards external reserves."
S&P predicted that the current account
deficit is likely to remain high because of all the
construction now underway in the Balinas
in an attempt to accommodate more tourists.
To do this the importation of labour, build-,,
ing materials, as well as food and other foreign
products, will draw heavily on the account.
S&P reported that the Central Bank's for-
eign exchange reserves fell by 21 per cent
during the year to end it at $461 million, com-
pared to $586 million the year before, although
they had recovered to $690 million by mid-
2007.
Referring to the liquidity crunch at 2006
year-end, the rating agency added: "The quick
fall in reserves points to potential pressures
on the foreign exchange in light of growing
imports and still rapid credit growth, which is
estimated to come down to 10 per cent in
2007."
"As a result, S&P predicted that the Central
; Bank was likely to be cautious on any moves to
further liberalise exchange controls on the cap-
ital account side amid the credit demands
fuelled by economic expansion," wrote Mr
Hartnell.
S Bahamians generally do not understand the
tight balancing act our financial sector has to
perform to keep this country on an even keel.


Room+Rental Car....................115.00 (per night)
Room (2 persons)......................$65.00 (per night)
Available Sunday- Thursday
with ticket & proof of travel
Rooms with Kitchenettes, Microwaves, Refrigerators.
A/C and Cable Television. Swimming Pool. Beach 300
yards away. Bps stop outside.




www.orchardbahamas.com/rcharaha gmail.com


Poolside Bar & Grill
with Wi-Fi Internet


is lookingfor a


RECEPTIONIST
Qualifications:
* Must be between the ages of 20 30 years old. (Female preferred)
* 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.


Almost every necessity is imported, which is a
heavy drain on foreign reserves. The reserves
could not sustain this burden if it were not for
a strong tourist industry and investors who
were still interested in these islands. Without
them, Bahamians could not maintain the stan-
dard of living they now enjoy.
However, what is even more worrisome at
this present time are signs of a weakening
tourist industry. If unionists could fully under-
stand what this would mean to this country -
especially to their members they would try
to settle their problems with management,
without ever threatening a strike. Tourism, at
the moment, is unstable.
The September 24th edition of Newsweek
published an article on now'retired Alan
Greenspan, who for 19 years was chairman of
the US Federal Reserves. The article painted a
bleak picture for America's future, Wrote
Daniel Gross:
"As awesomely productive as market capi-
talism has proved to be, its Achilles' heel is a
growing perception that its rewards, increas-
ingly skewed to the skilled, are not distributed
justly. Market capitalism on a global scale con-
tinues to require ever-greater skills as one new
technology builds on another. Given that raw
human intelligence is probably no greater
today than in ancient Greece, our advance-
ment will depend on additions to the vast her-
itage of human knowledge accumulated over
the generations. A dysfunctional U.S. ele-
mentary and secondary education system has
failed to prepare our students sufficiently
rapidly to prevent a shortage of skilled work-
ers and a surfeit of lesser-skilled ones, expand-
ing the pay gap between the two groups.
Unless America's education system can raise
skill levels as quickly as technology requires,
skilled workers will continue to earn greater
wage increases, leading to ever more disturbing
extremes of income concentration."
It is now recognized that to meet its needs
and compete globally, the U.S. will have to
open its borders to larger numbers of highly
skilled immigrants.
If America finds itself at a disadvantage in
facing today's global challenge, where does
this leave the poor little Bahamas with its D-
minus education, its high crime rate, its des-
perate need for more highly skilled profes-
sionals, and plagued by politicians at each oth-
ers throats instead of focusing on the needs
of our people and our country? .
Today Bahamians are so far behind in this
race that they haven't as yet arrived at the
starting gate.


Men


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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


Tourism downturn is worrisome


that every one of those
preaching against the "gay"
lifestyle have broken the com-
mandments on more than one
occasion. I certainly know of
so-called men of God who
clearly are the biggest hyp-
ocrites in regard to that issue.
Do we want to regress into
what eastern countries regard
as acceptable? I think if the
answer came back as 'yes'
then those persons should
rove to an eastern country
and see what life is like foi
them as "Christians".
These men of God should
be preaching toleraicr : ,di
acceptance.
My outlook on life is Io-


viding that a person's beliefs
or actions do not directly
affect my lifestyle they may
lead their preferred lifestyle
without my interference or
comments. If somebody's
lifestyle affects my person or
property then I have the right
to defend myself against that
person. A "gay" lifestyle has
no impact on any other person
and therefore we have no
right to campaign against that
lifestyle, which is the same as
trying to change religious
beliefs.
Please let's show the world
that the Bahamas is open to
all religious beliefs, and
lifestyles, as I'm sure these
headlines will have a big neg-
ative affect on our country.
MICHAEL PATRICK
Nassau,
October 3, 2007.


EDITOR, The Tribune.
AS A relatively new resi-
dent of the Bahamas I'm sure
my comments will not bode
well with some of the Bahami-
an citizens.
Although I have friends and
acquaintances that live a
"gay" lifestyle I am very much
heterosexual.
Reading the stories behind
the headlines and beliefs of
some Bahamians, 1 am con-
vinced that the Bahamas is
heading backwards in time.
The individuals who are
wanting to reverse the coun-
try's legislation are nothing
more than hate mongers much
like the red necks and the
KKK of the southern US
states that generated hate
against non whites in past
decades.
I cannot believe that "Chris-
tian" church ministers are
preaching to their congrega-
tions such intolerance of their
neighbours' preferred lifestyle.
Surely God does not agree
with what these so-called
"Christian ministers" are
preaching. Surely God is a tol-
erant God and accepts, but
may not agree with a gay
lifestyle.
Many of the early residents
of these islands came to avoid
persecution from choice of
religion and lifestyle. The
West is meant to be tolerant
of all free speech, free reli-
gious beliefs and free lifestyle.
It would not surprise me to
find that those preaching intol-
erance and hate are ancestors
of those who came here to
avoid this same persecution.
It amazes me that these
people who are raising hate
are afraid of a cable channel
that is more appropriate for
the "gay" lifestyle and not the
hardcore porn or killings that
are present on the TV today.
I'm wondering how many of
these men of God get off on
watching an explicit love scene
or the gruesome torture of a
woman. How many of these
people are quick to find extra.
marital relationships accept-
able even though it's against
the commandments.I'm sure


RIELATIlS~ & FRIENDS


of God


The Tribune Limited
NULLIUS ADDICTS JURARE IN VERBA MAGISTRI
Being Bound to Swear to 7Th Dogmas oJ No Master


Bahamian entrepreneurs

the latest casualty of

the foreign investor

EDITOR, The Tribune.
I RECENTLY read an article in The Tribune featuring a
spokesman from the Chamber of Commerce opining about
the importance of Bahamian entrepreneurship on the future of
the country.
While I couldn't agree more, this concept seems to hit on deaf
ears by the public and government. While everyone seems very
interested that Sol Kerzner is building more condos and anoth-
er "village" in the Hurricane Hole site, no one is talking about
the dozen Bahamian owned stores and restaurants being put out
of business permanently in order to do this.
Is no one alarmed that those entrepreneurs are being forced
to close their doors by foreign investors?
What about this BahaMar project? What happened to all of
the Bahamian owned stores in the arcade connecting the Radis-
son and Crystal Palace hotels?
They were literally taken away not because they were
bad tenants, but because the foreign investor wanted them out.
What will become of Sbarros. Cafe Johnny Canoe, and the
Island Club, not to mention the many privately owned stores
operating inside The Nassau Beach Hotel? Ask any owner or
employee of those establishments about the future of their
companies, and they will all tell you that they are at the mercy
of the foreign investor's decision.
Are all of us content to work for huge foreign conglomerates?
Should the entrepreneurs of the country be content to simply
close their doors when the foreign investor tells them to. I
THINK NOT!
Bahamians are a proud people. If we are not careful, we will
literally give away the shop and be squeezed out of any oppor-
tunities within our own country.
P RUSSELL
Nassau,
September. 2007.



CONGRATULATIONS




















MISS EBONY BAIN
FOR AC(HIF-'VING \ JOINT HONOREE DH)GREE
BACHI.llORS ARTISCIENCE


should be





preaching





tolerance


Need That Special Dress?


OMpAIcr FAISHONI

Has
Just What You're Looking For










1 0-30 .


Gifts, Handicrafts & Batik Clothing

Sep. 22nd Oct. 13th
OPEN 10am-5pm


K(URA KURA
26 Virginia St., Tel: 325-1389
1 blk west of Hilton hotel entrance, in large two storey
turquoise building, on one way westbound street


FROM: UNIVERSITY F Mtll)I)LSIX, LO)NON
WE I \LOV HF YOU
, f l- IT 1 il IQ & MOTHER -CHRIS 81 AI I.i &
THERESA ANNE JOHNSON BI 'MFIl.E


RATHER ARNOLD BAIN


I


PAGE 4, THURSDAY, OCTOBER 4, 2007


THE TRIBUNE


I


I













THE TRIBUNE TiH HURSDAYOCTOBER 4, 2007,OPAGEEW


0 In brief

Boy due to
be charged
with killing
security guard


Ingraham pledges to investigate




impact of Albany development


THE YOUTH leaving magistrates'
court yesterday

* By NATARIO McKENZIE
A BOY, 16, is expected to be
formally arraigned in juvenile
court around noon today in con-
nection with the stabbing death
of a security guard.
The juvenile of St Margaret's
Road has been charged with the
murder of 36-year-old Isaac
Sweeting of Yellow Elder Gar-
dens. Sweeting, who worked as
a security guard at the Harbour
Bay Shopping Centre, was
stabbed while on duty in the
upper left side of his chest and
back Monday night. He was
taken to hospital, but died a
short time later.
Yesterday the juvenile
charged in connection with
Sweeting's death was brought
before Magistrate Carolyn
Vogt-Evans to be arraigned
The accused, however, was not
accompanied by an adult and
Magistrate Evans noted that the
law states that an accused juve-
nile must be accompanied by
an adult relative or guardian.
Prosecutors told the court that
several attempts were made to
contact the boy's relatives but
that he had none residing in
New Providence. Prosecutors
also told the court that the
accused had no status in the
country and that he had been
Lesiding with his 18- eai-old
girlfriend. However. the court
found that no reasonable
attempt was made to contact a
relative or guardian and noted
that if no relative or guardian of
the accused is present for
today's arraignment the court
would appoint a guardian ad
litem.
The matter was stood down
until noon today which is when
the accused is expected to be
arraigned. In the meantime the
accused was remanded to Cen-
tral Police Station.


Are YOU

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

l F


* By RUPERT MISSICK Jr
Chief Reporter
rmissick@tribunemedia.net

THE government is inter-
ested in ensuring that the
Albany project approved by
the Christie administration will
not contribute to environmen-
tal degradation of southwest
New Providence and that the
concessions approved for the
project come within the ambit
of existing laws.
Prime Minister Hubert
Ingraham made the statement
yesterday in the House of
Assembly answering a ques-
tion posed to him in a previ-
ous session by North Andros
MP Vincent Peet about the
Albany project.
Mr Ingraham said that giv-'
en the action of the Christie
administration in connection
with the acquisition of certain
land at Ocean Bight, Exuma to
facilitate the construction of the
marina at the Emerald Bay
Four Seasons Resort, it must
be determined whether the law
requires that the Albany devel-
opers negotiate and acquire pri-
vately held land directly from
the private land owners instead
of though the government.
The prime minister said that
the development at Albany
provides for some archaeo-
logical finds to remain within
the boundary of the private
development with an under-
taking by the developers that
the discoveries will be acces-
sible to the public.
He pointed out that the
double standard of such an
arrangement was considered
"odious" by the PLP when
they were last in opposition.
"My government has been
interested in ensuring that the
developments at southwest
New Providence, as approved
by the Christie administration,
would not contribute to envi-
ronmental degradation of


PM: we'll ensure sustainability of all approved projects


southwest New Providence,
given the fact that approvals in
principle were given for the
construction of two inland
marinas, the one at Albany
and the other contemplated
for the South Ocean Resort
development," he said.
The prime minister said that
every effort is being made,
through the environmental
impact assessment and envi-
ronmental management plan
processes, to ensure environ-
mental integrity and sustain-
abilty of all approved devel-
opments.

Hotel

Mr Ingraham said that the
luxury hotel referenced in the
Albany Heads of Agreement
consists of a club house to be
located in a suitably enhanced
Albany House and a series of
luxury residences to be pri-
vately owned, but included in
the rental pool of the resort.
"The resort itself is to be an
exclusive membership club
affording only members and
guests of the 'luxury hotel'
access to the resort's ameni-
ties, inclusive of the golf
course. I advise, for the infor-
mation of honorable members
that concessions available
under the Hotels Encourage-
ment Act require that hotels.
and related facilities and
amenities that benefit from
concessions under the act
remain open to the paying
public (positive access). This
requirement is stipulated in
all agreements concluded
under the act. By definition a
private club is barred from
receiving benefits under the
act," the prime minister said.
He said agreements con-


THE FEDERAL REPUBLIC OF GERMANY

'he German Embassy is asking all German
citizens in The Bahamas, whose passport expires
before Summer 2008, to immediately contact the
Embassy in order to apply for a new
passport before early October 2007. For several
months afterwards due to the introduction
of a new biometric system, only temporary
passports can be issued which would require a
US-Visa for travel to or via the United States. For
further information, please check our website at
www.kingston.diplo.de or call (876) 926-6728.

Two Consular Officers from the Embassy of
the Federal Republic of Germany in
Jamaica will be visiting The Bahamas from
9th llth October, 2007. They will be
available for personal consultations at the
offices of the Honorary Consul, Alliance
House, East Bay Street from 9:00a.m. 12:00
noon. You may contact the Honorary Consul for
appointments at 394-6161.


cluded under the Hotels
Encouragement Act are
entered into with owners, devel-
opers and /or operators of hotel
resorts.
Private persons seeking to
construct luxury homes with the
intent of these being placed in
the rental pool of a resort would
not be eligible for concessions
under the act, he said.
The prime minister said that
his government will honour all
signed agreements to the extent
that they fall within the provi-
sions of the laws of the Com-
monwealth of the Bahamas.
In August the government
held a series of town meetings
in connection with the proposed
development as well as for
another development proposed
for adjacent land at the site of
the South Ocean Hotel and
Golf Course.
Most of the discussions centred
around the relocation of a por-
tion of Southwest Bay Street. The
agreement requires government
to acquire private land upon which
a replacement road is to be con-
structed by the developers.
"Prior to these town meetings
the details of these projects were
kept secret from the Bahamian
public, that's why we made it
public today," Mr Ingraham said.
The prime minister said the
government will acquire some


370 acres from Albany for the
development of affordable homes


and other public purposes.
He'said that the government
aims to access Albany's profes-
sional talent in the master plan-
ning and development of the
proposed subdivision.


.,'.. .', ',..t . : : .
;A ,' t.. : .;:'i .
". "'".


3!~~ m
. .
.8
I .
:* ~ 1 .*- .',.: 5


jThtn n

The premier retailer O The
Bahamas, has openings in
the following areas:


Cartier Boutique Manager
(Paradise Island)

Assistant Store Manager
(Paradise Island)

Sales Associates
(Nassau & The Family Islands)

Warehouse Delivery
Manager (John Bull Business
Centre) Must have warehouse and
management experience.


John Bull Ltd. is looking for people who:

* Know what it means to give outstanding
customer service
* Have an interest in retail sales and
management
* Desire to bring fun and enthusiasm to our
family
* Truly believe the customer always comes first

We offer:

* A great group of people to work with
* A competitive benefits package
* An outstanding employee discount policy
* All of the training you'll need to be highly
successful

Only those interested in helping us uphold our
world famous reputation for customer service
need apply. If you want to learn more about retail
for a future career or would like to grow with us,
please complete an application form (available
at all locations) and attach a current resume,
photo and a copy of a current police certificate,
NIB card and Passport (first 4 pages).

Hand deliver to:
John Bull (any location)
Attn: The Human Resources Dept.


Bvlgari Cartier Coach David Yurman Dooney & Bourke Gucci Guess
John Bull Business Centre La Parfumerie


BED BATH & HOME







AL
.... \; ^ a^-






^-' '



., *T a ; '

;-,






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


.i

r i.; i


~Lk~~fs~. ~BI~U~


THURSDAY, OCTOBER 4, 2007, PAGE 5


THE TRIBUNE









THE TRIBUNE


PAGE 6 THURSDAYOCTOBER 4, 2007


OAL


St Georges

* By DENISE MAYCOCK "We would like to assure the
Tribune Freeport Reporter business community that we are
diiaycock@tribunemedia.net urgently striving to put
F1reeport's economic engine
IFREtIP(O)RT The future of back on the right track.
Ilcepolt rennains uncertain as "We have through oui
legall disputes between the own- lawyers, Harvey Tynes. Fred
,is of the Grand Bahama Port Smith, and Damien Gomez,
Autholit continue in the courts continued to reach out to Sir
n1 the Balhamas and in the C'av- Jack to settle the matter; we are
man Islands. willing to negotiate a swift res-
The St George family on solution so that our business dis-
I uesdav expressed conccin putes no longer hamper
about the future of Freeport, Freeport's growth," said Mr St
and extended an offer of peace George.
to the Ilaywards and invited "The last two years have been
them to settle the disputes for a tremendous struggle for our
the sake of Freeport's future. (The St George) family. Not
1 lteimy St George, who spoke only dealing with the unexpect-
on behalf of the family, said that ed death of our father, but then
it was never his family's inten- almost too quickly dealing with
tion to cause any distraction to the rift with Sir Jack." he said.
the island's business. After the death of Mr St


Bahamas

Deant
S Depot


Prince Charles Drive


offer truce to Haywards


George, Sir Jack claimed he
owned 75 per cent of the shares
in the GB Port Authority which
resulted in a two-year legal bat-
tie with the St Georges.
in August, the SI Ge(orges'
were declared as 50 per cent
equal owners of the Grand
SBahama Port Authority by the
Supreme Court.
Sir Jack has filed legal action
in the Cayman Islands against
the St Georges for repayment of
all dividends received from the
Port Authority since 1984.

Appeal

He has also applied to the
Bahamas Court of Appeal
against Justice Allen's decision
allowing payment of dividends
equally between the St George
family and the Hayward fami-
ly.
Lawyer Fred Smith said the
St George family believes that
litigation and controversy
between the two families is not


PICTURED ARE (left to right) Fred Smith, St George attorney, Henry St George, Caroline St George-and her
son Alex Clavell during a press conference held at the St. George Office in the Port Authority in Freeport,
Grand Bahama


good for the business environ-
ment at the Port Authority and


The Affordable Solution

to Worn.Out Bathtubs _
Bathtub Liners are designed to fit over worn-out bathtubs
*Wall Surrounds to cover existing bath walls: In simulated Tile and Marble
Shower Base Liners to go over existing Shower bases
Cultured Marble Vanity Tops and Sinks
Great Shower Door selection
*Quality Faucets, All-Wood Vanities




REBATH BAHAMAS
Open Monday Friday, 9:00am 5:00pm
By Appointment Saturday 11:00am 4:00pm
Telephone
(242) 393-8501 "Authorized Dealer"
Visit our Showroom & Office located at the Red Carpet Inn, East Bay Street


in Freeport.
"The St George family stands
ready, willing and able to stop
suing, if Sir Jack and Mr
(Hannes) Babak also stop," said
Mr Smith.
Mr Smith said that his clients
publicly propose that litigation
should come to an end and are
proposing the loliowing:
That Sir Jack should recog-
nize their 50 percent ownership
in the Port Authority;
That Sir Jack withdraws his
claim to repayment of dividends
since 1984.
That the St Georges and
Haywards should appoint an
equal number of directors to
the Port Authority.
That through their appoint-
ed directors, the St Georges and
the Haywards should together
manage the Port Authority with
a view to bringing back peace
and harmony to the business
environment.
That the Receivers should
be removed.
That there should be a
shareholder agreement govern-
ing relations between the fami-
lies.
That if the there is a dis-
pute or deadlock in the man-
agement of the affairs of the
Port Authority that there be a
mechanism for breaking the
deadlock such as having an


independent and reputable per-
son to be the tie breaker.
That if the St Georges or
Haywards wish to sell their
shares to a third party that who-
ever wishes to sell should first
offer to sell to the other.
That together the Haywards
and the St Georges work
toward bringing in new partners
and investors to help run the
Port Group.
Those partners can include
the licensees, Bahamas Institu-
tional and Private Investors and
foreign developers, such as per-
haps Hutchinson, the Ginn
Group, the Flemming Group or
other legitimate and successful
developers.
Work with the government,
licensees, and residents of
Freeport in separating the reg-
ulatory and governmental func-
tions of the Port Authority from
the private commercial devel-
opment part of the company.
Focus on Freeport, not
themselves.
Mr Smith emphasised again
that his clients have a "desire
for peace and willingness to
meet with the Haywards and
Mr Babak to settle their differ-
ences."
Hannes Babak, ousted
GBPA chairman,-is refusing to
withdraw as chairman and is
seeking $15 million.


AI
4


TENDER NO. 643/07

Tender for the Provision of:

EXTENSION OF THE 33KV SYSTEM:
SOLDIER ROAD PARADISE ISLAND
SUB-STATION 'D' INTERCONNECTOR
NEW PROVIDENCE, BAHAMAS

The Bahamas Electricity Corporation invites proposal from
Qualified Companies to fulfill the requirements of The Corpo-
ration for the provision of labor, equipment. supplies arnd
materials and their use for the excavation, trenching of
roadways, laying of ducts and cables and reinstatement of
roadways and pavements in connection with a project for the
extension of the 33KV transmission system between Soldier
Road and Armstrong Street, in New Providence.

Proposals may be collected from Mrs. Delmeta Seymour
Administration Office, Blue Hill & Tucker Roads

Proposals are to be delivered to the BEC Executive Offices
on or before 4pm Monday, 15 October 2007,
and addressed to :

Kevin Basden,
General Manager
Executive offices
Bahamrs Electricity Corporation
P 0 Box N-7509
Nassau, B;hIlImTls

Marked: Tender No. 643/07
EXTENSION OF THE 33KV SYSTEM:
SOLDIER ROAD PARADISE ISLAND
SUB-STATION 'D' INTERCONNECTOR
NEW PROVIDENCE, BAHAMAS

REC rt-serv's Itic ii.lit Ino iico: pt or rillOCt ,ily .i i 11i i :p.r. II:
Fur 3ll inquii(-'s iegadirdig tIi, Tiondco. i'ovtt.I t W.iyiii
r;irqulh ron r i at wnffarquilia risoril'iulh;ai iins'l' -t;ii i 'ly o l11

SITE VISIT WEDNESDAY, OCTOBER 10(-H
10 AM BFC ADMINISTRATION OFFICE
.a .ila.. i i... M..t.l.lh. ..l.t.ii..sw i .t


Large Shipment of Used Cars


IN STOCK


COME CHECK US OUT


New Shipments


Arriving Monthly


For Easy Financing



Bank And Insurance



On Premises

Check Our Prices


Before buying




Bahamas Bus & Truck



Call:


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


k


I









THURSDAY, OCTOBER 4, 2007, PAGE 7


THE TRIBUNE


LOA NW


Governor's Harbour



residents speak out on



proposed development


The
sp1


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
ELEUTHERA Gover-
nor's Harbour residents are
speaking out against aspects
of a proposed development
that "subsumes" the historic
community.
They claim the community
is not getting what it deserves
in return and too much of the
project is still shrouded in
secrecy.
The requested diversion of a
public thoroughfare, used by
Eleutherans "for generations"
has caused particular conster-
nation.
The road runs adjacent to
hundreds of feet of the pink
sand beach on which the old
Club Med resort site of the
new French Leave project -
sits.
Attorney Lloyd Johnson
said that the French Leave
developer's application to
divert the beachfront road
should not have been
approved. In his opinion it is
simply part of an effort to
"feather his own nest" and has
not been justified.
Mr Johnson further fears
that beach access for the pub-
lic will be diminished when
access to the road is cut off.
"He has not done anything
to reciprocate (for the com-
munity)," said Mr Johnson of
the move to divert the road.
The other road is located
inland, hundreds of feet from
the coastline.
Principal investor, Eddie
Lauth, has claimed that the
road diversion is necessary in
order for him to build beach-
front homes along a stretch of
property that sits alongside
the resort, and will be
"exchanged" for another road.
Town Committee member
Lionel Fernander was on the
committee when approval was
given for the road diversion
but said that he did so on the
basis that the developers
would "give something in
return." Now he claims the
residents have got a rough
deal.
Yesterday Mr Fernander
claimed he would like to see
more of a "partnership"
between investors, the gov-
ernment and the community
than has occurred in the past.
Mr Lauth bought the Club
Med property in 2004 after it
closed in 1999 following Hur-
ricane Floyd. Shortly after he
purchased hundreds of addi-
tional acres around that prop-
erty, also stretching down to
the other coast of the island
where Governor's Harbour
has been located since 1788.
Those further acquisitions
also took in the road which
Mr Lauth would now like to
have diverted.
Mr Johnson said he was
extremely disappointed with
the outcome of a town meet-
ing attended by Mr Lauth and
government representatives
more than a month ago, as
there was "no mention" of
what precise economic bene-
/


THIS HISTORIC road that leads along the beachfront is set to be divert-
ed to make way for million dollar homes.


fits the development would
bring to the community.
Such details were a key part
of recent town meetings in
which the Albany and South
Ocean developers presented
their proposals to citizens in
New Providence.
Meanwhile, as with other
developments negotiated
under the former PLP gov-
ernment, the actual agreement
made with Mr Lauth is yet to
be made public, making an
educated assessment of its
components difficult.
"I've asked for nuts and
bolts I haven't seen the nuts
and bolts," said Mr Johnson.
"All I got was the peripheral
view and the request that we
support it."
The Tribune attempted to
obtain a copy of the Heads of
Agreement signed by the for-
mer government and
Mr Lauth and an update
on the status of the develop-
ment.
However, Minister of
Works Earl Deveaux said that
he would be unable to pro-
vide details on the matter as it
was David Davis, director of
investments in the Office of
the Prime Minister, who has
full charge of the project.
He added that he did not
have a copy of the Heads of
, Agreement to pass on. Sever-
al messages left for Mr Davis
have gone unanswered.
The Tribune also sought
comment from Mr Lauth on
the issue of the road diversion,
the status of the development,


and the question raised by Mr
Johnson and Mr Fernander of
reciprocity. Mr Lauth said he
had no comment.
According to information
previously made available to
the media, the first phase of
the proposed development is
set to include 68 Juxury con-
dominiums, and 10 cottages.
Other components include 17
villas and 10 ocean front home
sites, plus a 50-slip marina at
Governor's Harbour for luxu-
ry yachts. Future stages are to
have home sites stretching
over the ridge leading down
to Governor's Harbour and
cottages around the marina.
Mr Lauth has further stated
that there will be "four or
five" beach access points pro-
vided.
Mr Johnson said that issue
of how the community is to
support the development -
which he claims will create
more homes than Governor's
Harbour currently includes -
in terms of power generation,
water supply, policing and
healthcare have not been
made clear.
In his most recent interview
with The Tribune's Business
Section, Mr Lauth indicated
that he is awaiting final
approvals from government
for his project.
A government source said
that the Ingraham adminis-
tration is waiting for the devel-
opers to show that they have
the financial capacity to go-
ahead with the proposed
development.


B~~MI. I


T 2/ . i0 :. O


British American Financial Breast Cancer Tip
About Stage I Breast Cancer

Stage I breast cancer is the first of the invasive stages and is considered an early form of breast cancer. At this stage. the tumor is
less than two centimeters wide, has not spread to other organs, and hasn't entered the lymph nodes. Treatment for this stage usuallI
includes surgical removal of the tumor and the lymph nodes under the arm, followed by radia tion therapy to the affected breast.

You can survive breast cancer. Early detection through regular breast self-exams and a regular program of mammog amn
and physical exams are crucial steps that every woman should employ.


D\ British

u'"American
F I N A N C I A L


Kelda McDonald

30 S

Breast Cancer Survivor for 1 year :. H


ESTABLISHED











COMPANY'II I



IS LOOKNG FOR



1. ASSISANT OFFIE MANAGE





Thi psiio reuiesinputin o sip

ments, investor, offie work andthe abilit















Atlantis and Sun Tee




sponsor cancer walk

KERZNER International
1 n.ilQi n T'' LA. P h A. h.-~.._


BAHAMAS ELECTRICITY CORPORATION
PIPELINE INVESTIGATION
AND TRANSMISSION LINE
ENGINEERING SURVEY

PREQUALIFICATION NOTICE
The Bahamas Electricity Corporation is seeking prequalification applications
from companies interested in tendering for the performance of a detailed engi-
neering investigation and study of Its dual fuel pipeline from the Clifton Pier
Power Station to its Blue Hills Power Station as wells Its HV Power Transmis-
sion Unes. The study will involve a route survey for both lines and an engineer-
ing investigation in the case of the fuel pipeline.
Engineering Firms wishing to prequalify for this project will be required to submit
comprehensive details to allow the following areas to be evaluated: -
i) Past experience and performance record & technical competence
of the company on similar projects.
ii) Capability of the company to undertake the project with respect to
personnel and financial resources available to perform the work.
Documents to be collected from Mrs. Delmeta Seymour, Administration Office,
Blue Hill and Tucker Roads
Every request for the prequalification documents must be accompanied by an
application fee of US$100 if applying from outside the Bahamas and B$50 if
applying from within the Bahamas to cover preparation costs.

Proposals are to be returned to the BEC Executive Offices on or before
Thursday, October 18, 2007 by 4 PM
and addressed to:
Kevin Basden,
General Manager
Executive offices
Bahmmas Electricity Corporation
PO Box N-7509
Nassau, Bahamas
Marked: BAHAMAS ELECTRICITY CORPORATION
PIPELINE INVESTIGATION
AND TRANSMISSION LINE
ENGINEERING SURVEY
For all Inquiries, contact Jerome Elliot at
jeelBott@bahamaselectricitycorporation


anIU Sun I ie nmbrouiuiue ave
announced that they will spon-
sor a fun walk for survivors of
breast cancer.
The Cruise for the Cure -
Walk In Paradise 07, will be
held this Saturday, October 6
in commemoration of Breast
Cancer Awareness month.
As a part, of the event,
Atlantis will host the Nassau-
based breast cancer support
group 'Sister-Sister' along with


SUN TEE Embroidme's owner, Scott Farringto,,, showing Atlantis'
Ed Fields, senior vice president of public affairs at left the T-shirts and
tote bags which were especially designed for the event


the 'Susan G Komen for the
Cure' affiliate group based in
Miami and Fort Lauderdale,
Florida.


Authorized distributor for

The Bahamas

Sales Parts

Tl 3 9


"The event is a significant one
in the life of many breast cancer
survivors who will be supported
by family and friends. About
150 members of the Susan G
Komen for the Cure group are
coming to Paradise Island for
this walk, via a special cruise
that will dock in Nassau, Satur-
day morning," said organizers
in a statement.
The event starts at 9.30am
from the Craft Centre on Par-
adise Island, and will proceed
to the Cove at Atlantis, around
the perimeter of the Royal
Towers, past Water's Edge
Restaurant, to the Coral Towers
lobby through Marina Village
and back to the Craft Centre.
Sun Tee EmbroidMe is the
official sponsor of the t-shirts
and tote bags for the event.
Complimentary drinks and
refreshments will be provided
by Atlantis.


o4 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
SIdentify functionality gaps
,Work with global resources as necessary to integrate into UBS environment
Identify opportunities for process improvements
SCreate functional specifications for vendor and internal resources
Provide initial testing of vendor enhancements
Design and develop data extracts for reports and interfaces
SAssist 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, Bahanmas


Effective 1st October,
Cheryl E. Bazard Law Chambers
has relocated to #25 Harley Street
Off Montrose & Mount Royal Avenues.

Our telephone numbers remain
(242) 326-0126/7 and our Fax (242) 326-0128.

Email: bahlawyer4you@yahoo.com or bazardlaw@gmail.com


YOUR CONNECTIOYtO THE WORLD


THE BAHAMAS
TELECOMMUNICATIONS COMPANY,
UNITED (BTC)


GOVERNMENT NOTICE
Invitation for Proposals


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

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

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

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

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


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

BTC reserves the right to reject any or all proposals.

Imon


PAGE 8. THURSDAY, OCTOBER 4, 2007


THE TRIBUNE











- AR6 a-f gf


THURSDAY, OCTOBER 4, 2007, PAGE 9


I6 0


jaribbean 'has challenges


for Telecom industry'


y TANEKA THOMPSON
tribune Staff Reporter
.hompson@tribunemedia.net
4INISTER of State for
ianoe Zhivargo Lang said the
tribbean region faces a num-
,r of challenges as it tries to
-eep abreast of the fast-paced
telecommunications market.
He was speaking at the 17th
annual Caribbean Telecommu-
:lications Union (CTU) Con-
ierence held at the Police Con-
ference Centre on East Street.
Addressing an audience of
local and international digni-
taries yesterday morning, Mr
Laing noted that in order to
maintain sustainable economic
growth and development within
the rapidly changing global mar-
ket, the government must be
open to the pervasive use of
information, communication
and technology (1CT) within
Bahamian borders.
"Connecting the scattered
peoples, businesses and gov-
ernment of the Caribbean
region in order to exploit the
economies of scale, resource.


use and intellectual capital is a
necessary step in the functional
co-operation processing on
which CARICOM now focus-
es. ICT is the platform for this
to happen," Mr Laing said
Expansion
While noting that in the past
the telecommunications sector
has been the main provider for
the "development of ICT infra-
structure across the globe" Mr
Laing said that in recent times,
cable television apd electricity
companies have joined the mar-
ket.
Noting this "convergence" of
industries, he stated that the
Bahamas has an "internet pen-
etration rate" of 30 per cent -
which could be improved to
compete with international mar-
kets.
"Despite having made com-
mendable strides to ensure the
optimum connectivity of our cit-
izens and businesses in some
countries within the region, we
still, regrettably fall short as a


region on the whole in relation
to internet penetration rates"
he said.
Mr Laing explained that the
Bahamas must ensure that citi-
zens are not "marginalised" to
the extent that. "in one part of


&eV

EXTRA 5%
OFF SALE ITEMS
FOR
PRIVILEGE CARD
&


our country, children are
attending schools with multi-
media labs and in another part
of the same country, children
attend schools with no internet
access and no computers."
He put a number of questions
to the audience on the chal-
lenges and obstacles the region
faces moving forward in the
global telecommunications mar-
ket, including:
How do we ensure local
television is made available
across the region in the same
manner that we have made
American television available
so that as our citizens travel
within the region, they are still
in touch with their local news
at home?
How do we prepare our
countries to engage in the 21st
century new knowledge
economies?
In spite of the numerous chal-
lenges, Mr Laing said he is opti-
mistic that the CFU will be able
to address them and create a
suitable "framework" for a suc-
cessful future in telecommuni-
cations.


HARBOUR BAY


TO CORPORATE PARTNERS





'.,,ALL CLO TH IN G


1


III r

L$ :'a-~*


$650.00


18 Cube
$720.00


21 Cube
$962.00


APLINESBYFIGDAR
WE ACETALNMO REIAD
M"r, vnu u ott c 3ihic u &TukC,

32-5G 2-2M 31758-3379


TOWN CENTRE MALL
356-3205
10am-7pm Monday-Thursday
10am-Qpm Friday-faturday


w OF &OFRUMMik

!TOREWIDE



SALE
gg .jOtUR with
Russell's Discount Card and
for New Corporate Partners
or 1 o.

without Discount Card
.Lon't miss it!


" TRIBUNE


BT l- f or _.,.., C b. c _
'I A C rIkn


a l


I

S1DD


PALMDALE
326-5556
9am-6pm
Monday-gaturday


Italian Fashion Luxury Brand is lookingfor a





Manager


in The Bahamas.


Applicants must meet the following
requirements:


* Able to manage a team of Sales Accociates
* Good working knowledge of computers
* Available to travel abroad
* Experience in the Retail Luxury Field
* Able to work under pressure
* Willing to work flexible hours
* Must be punctual and precise on task



If you think you meet the above requirements,
please send C/V to Mr. Constantino Fusca at
'the following adsress:


constantino.fusca@ferragamo.com
or

call (305) 877-6577 or (305) 373-1800 from
9:00 am 7:00 pm to arrange a meeting.


I i q


















Stop giving undue weight to gay agen


The following is the statement
issued by Pastor Lvall Bethel,
head of the Christian Council's
select committee on the gay
agenda, at a press conference on
Tuesday. Pastor Bethel is
respontling to the call made by
Rainbow Alliance spokesperson
Erin Greene, for a gay TV chan-
nel to he included in the pay-
per-view choices offered by
Cable Bahamas. It is being
reprinted here in fill in response
to a request.


N OW, let me state for
the record, I salute
Miss Greene's courage and
determination, but I believe that
she is misguided. But she is not
ihe real story here.
In the lUS homosexuals are a
politically protected group that
you cannot touch. Homosexuals
in the US have advanced their
cause through lies and outright
distortions and manipulation of
the media to garner public sym-
pathies. some of which I shall
get to at the end of this presen-
tation. No conversation of this
magnitude can take place ignor-
ing this.
But the real story here is that
once again the elements in the
media have exposed their own
agenda to promote the homo-
sexual cause above all others.
Pastors Allan Lee. Cedric Moss
and 1 have twice called out The
Tribune on their biased report-
ing on this matter in letters to
the editor. I have personally
called The Tribune and
expressed my concerns to Ms
Allison Lowe and Paco Nunez.
And for.a while it seems as
though things died down.
Then came last week! What
was that all about? Come on,
three to four front page head-
line pieces on a call for a "gay
channel"!? Over the past few
years, we have observed The
Tribune's inexplicable bias in
putting anything pro "homo-
sexual rights" on the front page,
while relegating anything con-
sidered anti-homosexual to the
back of the newspaper.
For instance, Bishop Gomez's
statements (representing the
entire Anglican community
worldwide) coming out of the
primates meeting in Tanzania
was relegated to page five
(Tuesday, February 27th, 2007)
while the response from the
spokesman for the Rainbow
Alliance got front page! Would
The Tribune have us to believe
that she carries more weight, or
is more newsworthy than Bish-
op Gomez representing the
world's 77 million'Anglicans?
Last year over three thousand
persons left their homes and
churches to gather at Rawson


OPINION


Square for the help save the
family rally, sponsored by Rex
Major and Associates. The
Prime Minister and many cabi-
net ministers, were there includ-
ing the minister of tourism. The
speaker of the House, the Com-
missioner of Police and many
businessmen and women were
also present. Notable luminaries
were there like the oldest
known couple (married 69
years) and many scores of
Bahamian families of every hue
and colour.
Why no coverage we ask?
We know all the media were
informed but not one story
came out of The Tribune. The

Right thinking
people are tired of
having this matter
rammed down
their collective
throats


pictures that finally did appear
from the event were acquired
from a photographer who was
there. It seems clear to us that
The Tribune determined before-
hand that the event was not
newsworthy and did not meet
their criteria for news and so
no reporter or photographer
was sent.
Yet anytime Ms Greene
opens her mouth she is guaran-
teed front page! Once again, we
are to believe that her com-
ments are of greater worth than
the thousands of Bahamians
who gathered to make a state-
ment?
Then there was the matter
with Clever Duncombe, child's
rights advocate and Indepen-
dent candidate for the Golden
Gates Constituency who made a
statement that homosexual can-
didates shoded declare their ori-
entation. He was relegated to
page nine (Tuesday April 3rd).
But Ms Greene responding to
his statement made front page
news yet again (Tuesday April
10th). Can anyone deny that
this bias is evident?!


Right thinking people
are tired of having this


matter rammed down their col-
lective throats and want the
right to say no! Bahamians have
watched the civil war of values
taking place in the US and
around the world and want an
opportunity to say "Not in our
land!" without being hood-
winked by biased reporting or
labeled homophobic and hys-
terical.
We take this time to remind
The Tribune and all the other
media that it is the job of the
fourth estate to report the news,
not take sides. Chances are you
probably have never heard of
Jesse Dirkshing because he sim-
ply was not the right kind of
victim. But you have heard of
Matthew Shepard, a "gay" col-
lege student from Wyoming
murdered by two drug-induced
thugs in 1998. Shepard's case is
now one of the most famous
homicide cases in all of histo-
ry, thanks to media hype and
homosexual activists' "spin'
that:
1) falsely linked his tragic
death to the rhetoric of Christ-
ian pro-family groups; and
2) erroneously reported that
he was targeted for murder
"just because he was gay." His
tragic killing is now exploited
as a teaching tool to promote
acceptance of homosexuality on
high school and college cam-
puses across the country. (Six
years after the-murder, ABC
finally did some serious jour-
nalism challenging this myth,
revealing that Shepard's killers
were motivated by money and
drugs, not anti-gay hate.

A whole industry has
arisen to exploit
Shepard's tragic killing, which
has been used as a teaching tool
to promote the acceptance of
homosexuality to millions of
impressionable high school and
college students across Ameri-
ca. And is presently being used
to try and pass a hate crimes
bill in an attempt to muzzle any
condemning of homosexual
behaviour. Today we are see-
ing all the parallels to the US
mainstream media's ignoring of
the Jesse Dirkhising brutal mur-
der while highlighting the
Matthew Shephard murder
because ideology and political
correctness was at work
Who was Jesse Dirkhising?


SENIOR PASTER at Grace Community
to the press

On Sept. 26, 1999, (23-year-
old Joshua) Brown and his
lover, Davis Don Carpenter, 39,
bound, gagged and drugged the
skinny, long-haired boy and
raped him with objects until he
died of "positional asphyxia-
tion." But the record shows that
this story was all but complete-
ly ignored by the national press
in the US.
Said one astounded com-
mentator, "The national medi-
a's ongoing, see-no-evil cam-
paign of calculated ignorance
on the Dirkhising story stands in
stark contrast to both its per-
petual exploitation of crimes
against children and its cam-
paign to smear the religious
right as the killers of Wyoming
college student Matthew Shep-
ard."
Even well-known gay jour-
nalist Andrew Sullivan felt com-


Over the past
few years, we have

observed 1he

Tribrlm s
inexplicable
bias in putting
anything pro
"homosexual
rights" on the
front page


pelled to acknowledge the dis-
crepancy in The New Repub-
lic: He wrote "In the month
after Shepard's murder, Nexis
recorded 3,007 stories about his
death. In the month after
Dirkhising's murder, Nexis
recorded 46 stories about his."
."In all of last year, only one
article about Dirkhising


U-
y Church Lyall Bethel speaks


appeared in a major main-
stream newspaper, The Boston
Globe. The New York Times
and the Los Angeles Times
ignored the incident completely.
In the same period, The New
York Times published 45 sto-


I am not
anti-gay, nor is
the committee
anti-gay. We are
pro-family, pro
traditional values,
pro healthy
lifestyles.


ries about Shepard and The
Washington Post published 28.
This discrepancy isn't just real.
It's staggering."

W e add to these com-
ments the com-
ments by Andy Davis of The
Arkansas Democral Gazelle
who wrote "Anything contro-
versial, anything that might get
the pressure groups upset, the
elite media is going to stay away
from." And Dorthea Cooke,
the Media Research Center's
director of media and develop-
ment, said the case illustrates
how news organizations have
become "mouthpieces for the
gay rights activists."
We are left to wonder if The
Tribune has become the unoffi-
cial "official" mouthpiece for
the gay rights activists in this
country? Even this headline
"Anti-Gay committee Formed"
shows that the newspaper has
been taken in by gay rhetoric.
I am not anti-gay, nor is the
committee anti-gay. We are
pro-family, pro traditional val-


ues, pro healthy lifestyle
not be pigeon-holed, n,
allow the BCC to be 1
holed so that every til
open our mouths we are
defensive. When did the
godly Christian livin
healthy moral stan
become something we :
give a defense for?
We believe that from t
articles cited above The T
seems well on its way (
tional or otherwise) to
percei' ed as so, and we cai
them to reverse course. As I
tors who have worked with 1
Tribune over the years a
appreciated being able to wi
in tandem with this paper
tackle relevant social issues,
call on this great institution
lay aside the bias and let fai
ness rule in these matters.

further, we maintain The
Tribune and all th
media can do a better job of
promoting a healthier culture
and changing the impression of
being pro-gay in orientation
(pun intended). We trust that
in The Bahamas where a Jus-
tice can publicly chide the
Church for perceived weak-
nesses, that it is also safe to pub-
licly chide the newspapers for
perceived biases without being
viciously attacked by them in
the days to come? The Bible
states in Proverbs 17:10 that "a
rebuke goes deeper into a wise
man, than a hundred blows op
the back of a fool."
Pastor's Rex's rallies still con-
tirnue throughout the islands,
why not have a dedicated team
following him? Why has there
not been a series developed
where he is interviewed on why
this issue is so important? He
is a national treasure, he is not
going to be here all that much
longer at 72 years old. Why ha
Bishop Gomez not been inter-
viewed on how the Anglican
controversy has affected him as
the leader of the Anglican
Church in The Bahamas and
what it means going forward?,
Why has no investigative
journalism taken place to
expose the evil of incest, child
rape and medical care for them;
the seduction of'young impres-
sionable workers into thq
homosexual lifestyle/death style
by unscrupulous bosses?
We have left a series of arti
cles on a number of issues co-
ing out of the homosexual
demands being paraded in thi
country and beyond, that should
suffice for news stories for somt
time to come. We call on all sece
tors of the media to work witl
us to build a better Bahamas.
Thank you.


Response from The Tribune's news editor


* By PACO NUNEZ
THE Tribune subscribes to the
democratic ideal of allowing all
voices to be heard and does not
choose sides as Pastor Bethel
claims.
His accusations display an unt
ortunate ignorance of the man-
ner in which stories are chosen
for prominence in a well-run
newspaper.
Like politicians and other
members of society who view all
issues from a sectarian perspec-
tive, he assumes that everyone
operates in the same way. Pastor
Bethel seems to think that promi-
nent coverage of a point of view is
equivalent to promotion of that
point of view.
He also appears to share the


politician's fascination with social
hierarchy, and thinks it'should be
applied to what is "newsworthy".
Thus he asks if a spokesperson
for the Rainbow Alliance carries
more weight than an Anglican
Archbishop.
Pastor Bethel will be happy to
hear that The Tribune does, in
fact, have a policy when it comes
to choosing the prominence of
stories which, while it does not
involve promoting the agenda of
the Christian Council, is also not
a reflection of any agenda held
by the news staff. That policy is
quite simple: to defend the pub-
lic's right to know not about
what journalists or politicians or
church leaders want them to
know but what they themselves
want to know.


It is, in fact, the opposite of
giving prominence to a story sim-


In this vein, I would challenge
Pastor Bethel to deny that the


Our policy is quite simple: to
defend the public's right to know -
not about what journalists or
politicians or church leaders want
them to know but what they
themselves want to know.


ply because of how 'important'
the speaker is, or how large a
group he represents.


front page stories he so laments
were the talking point of the day
on radio shows, e-mail exchanges


and street corner conversations.
That is what journalists call a
good news story.
And while it is not the proper
concern of a journalist, I would
add in passing that the communi-
ty's response to the stories says
something about the level of
interest in the issue that the pas-
tor and his cohorts seem to be
missing.
Indeed, some commentators
have told The Tribune they
believe the near obsession with
gay rights and."covert gay agen-
da" conspiracy theories is a symp-
tom of the Christian Council run-
ning scared because they are
afraid to confront the fact that
homosexuals occupy an increas-
ing number of the most promi-
nent positions in every sector of


Bahamian society, including the
church.
This seems to be reinforced b
the fact that, while they ar
always quick to become militant
on this particular issue, they faf
to say anything of substance wi
regard to the rampant incest,
paedeophilia, sexual crime an.
adultery which plague this soc-
ety.
Having said all this, if Pastor
Bethel and his colleagues would
really like to know how Tribunr
reporters actually feel about tht
issue, our sentiments could bet
be summarised thus: we are
bit disappointed that .th
Bahamas is not vet a mature
enough country to have di
pensed with this kind of par-
noia.

VI


MONTAOiu *

MOTORS LIMITED U Japanee Car.

VILLAGE OADNEA SI RLYSRE


i









Offered to dA.E.mpIloyees of

coMI 0naHfdemr saIary-
. -, "".'.:',, ; .


). .
cie


Famous Models ALL CARS cone in
Toyota Windom, Avalon and Corolla showroom condition
Honda Legend, Accord and Civic license and inpeadti,
._ Nissan Cefiro, Bluebird and Sunny. 3 nonthwarranty,
Electronic remote a alarm,
Small and Medium Trucks fruey exande
Toyota Townace and Hiace and Toyoace, and 25 gas voucr.
Mitsubishi Canter. ALL DIESEL.


SUV's
* Honda CRV and Odyssey
' Toyota Rav 4 and Hilux Surf
Taxi Van
* Toyota Hiace 8 seater
DIESEL


BTremendo
QALITY

lw W .,
^luat an
AFFORDABLE


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.


" TrOM
$41200'!'0
& UP


PAGE 10, THURSDAY, OCTOBER 4, 2007


"'


THE TRI


- fi-










THURSDAY, OCTOBER 4, 2007, PAGE 11


L N


Woodside speaks of



commitment to young


people in programmes


THERE is a great deal to cel-
brate about young Bahamians
today, Minister of State for
Youth and Sports Byran Wood-
side said.
1i October is being recognized
as National Youth Month and
Mr Woodside was speaking
duringg a national address
launching a month of obser-
Yances and activities.
S"The majority of our young
people are leading productive
lives, doing well in school, obey-
ing their parents and guardians
and involving themselves in
wholesome activities," he said.
s "he success stories Coming
from our youth groups, bands,
lind sporting organizations all
attest to the reason for celebra-
lion. Advisors, teachers, youth
leaders and other caring citi-
lens give freely of their time
ind resources. We celebrate this
volunteerism."
- Mr Woodside said that
Bahamian youth are also instru-
hnents of change, being in the
forefront in areas such as acad-
emics, athletics and the arts.
5 "Indeed, the proud moments
(hat we have enjoyed on the
Wvorld-stage have been provided
through our youth," he said.
"We have seen this most recent-
ly in the results from the llth
JAAF World Championships in
rAthletics. Our Team Bahamas
performance has placed us
Binth in the world of sports,
above countries like Great
Britain, Cuba and the Peoples
Republic of China. This is pos-
qtive change. This is why we cel-
tbrate.

- Potential

t "And while this is good, we
still have a lot of work to do to
ensure that all of our young
people are maximising their full
potential."
;Mr Woodside called this "the


country's challenge" and invited
all Bahamians to join his min-
istry, as it seeks to introduce
programmes to help in the con-
tinued development of the
Bahamian youth.
"I urge each family, school,
church, civic and corporate
body, to support our efforts
with your time, talents and trea-
sures," he said. "Support the
schools. Get your young peo-
ple involved in,youth and sport-
ing programmes. Volunteer


your time and resources to a
youth organisation and, where
possible, provide financial assis-
tance to at least one youth
organisation."
He added: "The Bahamas is
ours, and it is up to each of us
'to make it the best country that
it can be. As we celebrate this
National Youth Month, let us
recommit ourselves to our
young people.- celebrating
them as champions for
change."


THE TRIBUNE


(401) Lots#17  Crown Allot-
ments, Love Hill Settlement,
Andros. Containing a two sto-
rey residence. Appraised value
$100,000.
(806) Lots#1 & #2, Block 3 with a
parcel situated between Lot #1,
Block 3, containing a 4 bedroom
condominium Sunset ViewVil-
las, West Bay Street.
Appraised value $750,000.
(806) Lot#13, Block#4 of Coral
Waterways, Section One, Coral
Harbour, N.P. with two houses
and a swimming pool, #312 New
Providence bounded north-
wardly by a canal or waterway
of the said Subdivision known as
Flamingo waterway and running
102.004 ft eastwardly by lot #14
and 146.145 ft southwardly by a
reservation for a private road.
Appraised value $530,000.
(433) Lot#27 ofVillage Allotment
#14 in the Eastern District, con-
taining residence situated on
Denver Street off Parkgatei Road
in the Ann's Town Constituency,
New Providence. Property size
S2,500 sq ft Building size 990 sq ft
Appraised value $50,000.
(304) Lot#2, Block#8, Steward
Rd, Coral Heights East Sub-
division situated in Western
DistrictofNewProvidence-approx
size 8,800 sq ft with a split level
containing 2 bed, 2 bath, living,
dining & family rooms, kitchen
and utility room. Approx size of
building 2,658 sq ft.
Appraised value: $322,752.
(902) Lot#14, Block#23 (125ft
x 80ft) situated Rainbow Bay,
Eleuthera containing a one
storey house with 2 bed,
1 bath, kitchen, living room and
2 linen closets. Appraised value
$89,998.
(902) Lot of land 94 x 94 x 150
x 150 on Queens Highway just


south of Palmetto Point with a
two storey stone building con-
taining Iwo apartments. Each
unit has 3 bed, 2 1/2 bath,
kitchen, living room and 3
linen closets. Appraised value
$287,209.
(100) Developed property
Pinder's, ,ong island containing
a split level Mediterranean style
home with kitchen, living room,
dining room, master bed and
bath, two guest rooms, full and
half guest bathroom on lower
level. Also garage and breeze-
way -- a gross area 4,212 sq ft.,
Kitchenette, master bedroom
and bath and front entry porch
features the upper level, gross
area of 780 sq ft. Porches all
around the concrete structure
which is 90% complete.
Appraised value $650,000.

(400) Property situated in Cala-
bash Bayon the Island ofAndros.
75 ft x 150 ft and containing ther-
eon a small grocery store 480
sq ft and an incomplete 3 bed
2 bath house 900 sq ft.
Appraised value $65,000.
(702) Lot#20 with residen-
tial property located Skyline
Heights, N.. Appraised value
$280,000.
(400) Lot #14 situated in the set-
tlement of Love Hill on the Island
of Andros totaling 20,000 sq ft.
Property contains a two storey
5 bed, 3 bath residence.
Appraised value $185,000.
(902) Lot containing 3 bed, 2
bath residence situated in the
settlement of Governor's Har-
bour bounded northwardlyby a
19 ft road and running thereon
50 ft eastwardly and running
thereon 100ft southwardly and
50 ft westwardly.
Appraised value $90,000.
(902) Lot (8,000 sq ft) tuated


Sand's Alley. North Paln'tto
Point with incomplete triplex
(concrete structlue- belt course
2,529.6 sq ft).
Appraised value $49,41 4.

(105) Lot containing two storey
building. with 3bed, 2 112 hadtlI
iMi l c ,,i i< r .l f, i u i, *I
Bailey iTown, ;'I I h1. Bimini.
iAppll ,i, I varlue$23r5,00().
(203) Lot B situated on the
north side of Shell I'ish Road,
being the third lot w est of I.ire
Trail Road and east of I lu~t cr
Road with a one half duplex
residential peminises.
Appraised value I BA.
(701) Lol#16 in 11H ,, i.. l,
in Section 3 of the Subdivi-
sion called and known as Sea
Breeze Estates situated in
the Eastern District of New
Providence. Property cont-ains
a' 3 bed, 2 bath residence.
Appraised value TBA.
(902) Lot#17, Block#7 of
Section"A" of Eleuthera Island
Shores Subdivision situated 3
miles northeast of Hatchet Bay,
Eleuthera containing residence.
Appraised value TBA.
(701) Lot of land being #11
in Block#10 on a plan of
allotments laid out by Village
Estates Limited and filed in
the Dept of Land & Surveys
as #142 N.E and situated in
the Eastern District of New
Providence. Properly contains
3 bed, 2 bath residence,
Appraised value TBA.
(565) Lotl1018 in Golden Gates
Estates #2 Sub situated in the
Southwestern District of the
island of New Providence con-
taining a single storey private
residence 3 bed, 2 bath. Property
approx size 6.000 sq ft. BUilding
approx size 2,400 sq ft.
.ppin aikcd value 5173,176.


.W. W RE M W RIWlM=, /2.M uftm-lGw J o' .4








mm .ummltW _
S bahbriias










SUMMIT FACULTY
n c






t Los Brown Tim Redmond Bob Harrison
Motivator' TIainne Dynamic Speaker, Noted Seminar l
eBsmslilng Alut.io Ministerl. u Busmeis n Confernc Sp.a.nk





Thea Hon Zhi vaio Laing. MP Dr Peter & Dr Patriia Morgan Leon Williams














Dr Rlhard Pinder Berlr.I BoDld Dr Grehom Pitt Tony Moeris Rapl.ael Messiah Dave BuIIows
for ino a s.a Ship& tornaw i f0 I b *n P dtBa as













Iil S.uLii tl ih- i th fordrdlvFatlth Revival Veteranin Retirement Advocteminrpersonal,Commsnin Pl pc, rwthapu.intr VosilinP&,lOr Auh,,r
D M..
Dr Jerry Horner Hector Rucha Jerome b Alone Edmionson
"Ir.. h ... Palol teacher Presidern ofEd.nonso. Associates













Dw ght Nichols Keith Gllnton Dr. Joseph Vetore
STHEME: F 'd ,lU idnlnim ir., Sr.Exec. Manager, Founder oftlN.Y. 7 Weeks .im
AlhFill Fh n di lr jnl d.i Sprecialisti nStralegic treating toWeliness"CeltOer Mann C llendar


(i aJ [ Guest iMEsGc ian
Topics incl. What Is Character? The Principles of Character How Character Is Destroyed
The 7 Enemies of Character Impact of Character Beyond Death -a,,nd uchO lor
... ..... Nichols Keit" lint" n Dr. Joseph V








'. ,.2 2541-, -5 -6iPo .bfm m.admin
v II I I... l If I,"1 11 R %I
4--10 142 bfmmm---o m4
(2421 461-1,44512 341-6936 %% %%11lre .h flsl~pm nrt Irtn )r


VACANT PROPERTIES


(565) Lot #5 located Eleuthera
Island Shores, Seaside Drive,
Section B, Block #15, Eleuthera.
9,691 sq ft. Appraised value
$21,805.
(902) Lot #46, Block #32,
Bahamia, Section IX, Freeport,
Grand Bahama, 90 ft wide along
Stratford Way and 150 ft along
Stratford Court. Appraised value
$26,000.
(565)Vacant Lot #9 (11,406.65 sq ft)
situated in Mango Lane Section
"B" Block#15, Eleuthera Island
Shores on the island of Eleuthera.
Appraised value $25,665.
(902) 0.281 acre of vacant
land off Queen's Highway in
the settlement of Governor's
Harbour, Eleuthera. Appraised
value $31,320.
(802) Vacant lot #26, Block
#27' Caravelle Bay, Freeport,
Grand Bahama, consisting of
35,000 sqft. Appraised value
$150,000.


COMMERCIAL
BANKING CENTRE
Tel: 242-356-8568
(800) Mrs. Monique Crawford
(802) Mr. Brian Knowles
(805) Mr. Jerome Pinder
(806) Mrs Lois Hollis
(807) Mr.Wayne Kendall
(808) Mrs. Hope Sealey
PALMDALE SHOPPING
CENTRE BRANCH
Tel: 242-322-4426/9
or 242-302-3800
(201) Ms. Nicola Walker
(202) Mr. Frank Dean
(203) Mrs. Cedricka Clarke
NASSAU INT'LAIRPORT
Tel: 242-377-7179
(433) Mrs. Suzette Hall-Moss
GOVERNOR'S HARBOUR,
ELEUTHERA
Tel: 242-332-2856/8
(902) Mr. Brian Hanna
HARBOUR ISLAND BRANCH
Tel: 242-333-2230
(901) Ms. Velderine Laroda


(802) Vacant lot #27, Block #27
Caravelle Bay, Freeport, Grand
Bahama, consisting of 38,047 sq
ft. Appraised value $150,000.
(701) Undeveloped Lot#149.
Seafan Lane, Lucayan Beach Sub,
Grand Bahama, 18,750 sq ft.
Appraised valueTBA.
(601)Vacant I.ot#l, Hamster Rd
off Carmichael Rd, 5,969 sq ft.
Appraised value $54,000.
(7231 Vacant lot # 20 comprising
a portion of the Murphy Town
Crown Allotment # 72 situated in
Murphy Town, Abaco Bahamas.
Appraised value $18,000.00
(724) Vacant lot # 595, Jacaranda
Street, Pinewood Gardens, New
Providence. Property size 5,000
sq ft. Appraised value $50,000.

(724) Vacant lot # 67A of Section
2 of the said Subdivision known
as "Whale Point Estates" in the
vicinity of Bottom Harbour and
extending from Whale Point to


ANDROSTOWN
Tel: 242-368-2071
(400) Mrs, Rose Bethel
NASSAU MAIN BRANCH
Tel: 242-322-8700
(701) Mrs. Stephanie Saunders
(702) Ms. Cherelle Martinlbor-
ough
(703) Mrs. RenaeWalkine
JFK DRIVE BRANCH
Tel: 242-325-4711
(401) Mr. lames Strachan
(402) Mrs. Chandra Gilbert
PRINCE CHARLES
SHOPPING CENTRE
Tel: 242-393-7505/8
(501) Mr. Keith .loyd
(505) Ms. Patricia Russell
CABLE BEACH
Tel: 242-327-63077
(466) Mrs.Winnifred Roberts
MARSH HARBOUR, ABACO
Tel: 242-367-2420
(908) Mr. Antonio Eyna
(909) Mrs. Sylvia Poitier
(910), Mrs. Vanessa Scott


Cotton Ifole in the Northern sec-
tion of the Island of Eleuthera.
Appraised value TBA.
(402) Lot 89, Block 7 Aberdeen
Drive, Bahamiatest !Replat Sub-
division, Freeport, Grand Bahama,
consisting of 12,100 square feet.
Appraised value $51,000.00. .
(108) Single Family Lot #5
Block #21 Leicester County (no
utilities),Freeport.Ci .inm, ilh.,ii.
Appraised value $5,000.
(800) Vacant propertylocated
Bahamia South. Block 16 lot 9A,
Freeport, Grand Bahama con-
sisting of 24,829.20sq.ft
Appraised value $52,000.00
(108) Single Family Lot #57 Blck7 #
Chesapeake Subdivision (no util-
ities), Freeport, Grand Bahama.
Appraised valueS18,000.
(101) Tourist Commercial Canal
Lot #71 Silver Cove Subdivi-
sion, Freeport Grand Bahama.
Appraised value $175,000


GOA'SLON I


GRAY'S, LONG ISLAND
'1cl ".-'1-337-0101
(100) Mrs Lucy Wells
LOAN COLLECTION CENTRE
Tel: 212-394-3560
(716) Mrs. Ingrid Simon
(717) Mrs.M o. i \.,lv
(723) Mrs. Deidre King
(724) Mrs. Fae tliggs
(725) Ms. MuItliI iii, lolhnson
(565) Mrs. Catherine D),vis
MACKEY STREI!I
Tel: 2 12-39i-097
(601) Mrs. Anastacia Knuo\le's
BAY & VICTORIA BI(;N(I 1,
'el: 2,12-322-2145l1 3
(301) Ms.Thyral lolhnon
(303) Mr. Desmond Mtlntolsh
(301)) Mrs. Alicial hompuson
FREEPORT, MAIN BRANCH
Tl: 2 12-352-6631 ./2
(101) Ms. Carnell Frith
(103) Mrs. Damita Newhold
(artwrighl
(104) Ms. Jackie Knowlves
(101) MNs. Svlvie Canty


RBC
SRoyal Bank
of Canada"


PROPERTIES LISTED

FOR SALE
Contact Account Officer listed below by using number code for each property.
IM 711,*1 u 1111


mm


I


I I I


I


BIMINI BRANCH
'li't: 242-347-3031
(105) Mr. Kermit Curry

MONA
















4,000 neutered in Proud Paws project


I Iie Proud Paws piojict Ihais
l'alt)ed or icuitlred ninre ihian
I (100 dogs aind Cht.s t da(ll, it
s;is ,lnlioUiicedl \ cslerdalv
I lie project. 11 hi Lh was
launched in 2',111 has played an
important tole in slbstliiiniall'
clhucing, the number of tin\\i an-
,Il dogs and cats in New Pio\ i-
!' lce, its organisers say.
Spa' ing and neutering logs
in

most humane way of reducing
Nassan's out of control pet
population, because each
female dog or cat that is
spayed would otherwise pro-
duce at least 10 puppies or kit-
tens in -the following 12
months," said Proud Paws in a
press release.
It said that most of the pets
spayed or neutered by Proud
ir i.. are dogs, and most of the


dogs are female.
"Proud Paws have spayed
more than 2,000 female dogs,
reducing Nassau's unwanted
dog population by as many as
20,000 puppies," the statement
said.
The project is currently pro-
ducing its first Proud Paws Sou-
venir Pet Calendar to provide
funds for both the spay and
neuter programme and also for


The Surgical Suite, Sisterier Breast

Cancer Support, pi

afong with the



Survivors & Supporters o tlle Susan G. Komeu Group


cordially invites you to join them at the '


Saturday, October 6,


2007


(3 7:3 opm

Rawson Square


Please bring a candle.


Come and share.

The Tribune
.. .. -. -. :


the Proud Paws Education Pro-
ject that last year was presented
in classroom visits to more than
4,000 school children in New
Providence.


"Animal lovers can assist
Proud Paws by making a dona-
tion of $50 which will enable
the picture of their pet to be
included in the 2008 Proud


Paws Souvenir Pet Calendar.
Each donation of $50 will pay
for the neutering, vaccination
and deworming of one dog or
cat," the statement said.


Director appointed for property firm
Director appointed for property firm


ELEUTHERA, Bahamas -
Chester Cooper, president and
chief executive officer of British
American Insurance, has been
appointed to the board of direc-
tors for Eleuthera Properties
Limited(EPL). He is the third
Bahamian to serve in this capac-
ity, joining Bismark Coakley
and Thomas Sands.
Making the announcement
was EPL's Chairman, Franklyn
Wilson, who described Cooper
as a talented young Bahamian
with much to offer to his new
position.
"Mr Cooper is one of our tal-
ented young businessmen who


is highly respected as a finan-
cial expert both locally and
internationally. We are happy
that he has accepted our invita-
tion to serve as a Board mem-
ber," said Wilson.
Cooper recently led a
Bahamian group to acquire a
British American company. He
was named Business Person of
the Year 2007 by The Bahamas
Chamber of Commerce.
Cooper who has worked as
an Investment Banker in Lux-
embourg, Dublin, Ireland and
The Bahamas, brings a signifi-
cant amount of experience and
expertise in the areas of corpo-
rate trust & fiduciary services,
financial & retirement planning,
investment fund services, mutu-
al funds and pension manage-
ment.
SIn 2001 he joined British
American Insurance Company:
a full service financial services
and investments company, and
quickly moved up the ranks of
Vice President of Financial Ser-
vices & Investments, Senior
Vice President. and-Chief Oper-
ating Officer to become Presi-
dent and CEO in 2005. In this
po-:tion is i responsible for
chari.niig ih <-rategic course of
teI 87 yea; old financial insti-
tution. Prior to joining British
American he was also a high
school business teacher, and
Head of Corporate Services at
HG Hambros Bank & Trust.
Mr Cooper said "I am
delighted to serve on the board
of directors of EPL. I look for-
ward to contributing to the
great vision of re-invigorating
Cotton Bay and South
Eleuthera".


loitering Responsibi Ppi Owneshlp ihtuiig






Pet's Name:
Pet Owner's Narne(s):
iPO Box Phone:
Address:

Email:


paying, Neutering & Educadton


(Approximate Photo Size.5 hp wide x 7 inches high)


First Choice,


Second ChAoie:


Third Choice:


(Approximate P to Size: 1,7 indies wide x 1,9 inches high)


Fh st Choice:


Second Choice:


Third Choice:


-'". :,:' fill out one form pci' pet.
Paerneit :huld be nude ..: tr-ouU Paw, at die Palmdale Vet Clinic.
First choir o at dates goes tv the pet owner ;,ubritirtg paymcnt first at
Palrriidal' veterinary Ilill Final deadline is October 25th, 2007,
All photos must te submitted as jPC files of at least 300 DPI,
For infotnmaton on advertising spaces, please call Tressa at393-1439.


lw "'. '


2 3 4 6 7 6


9 10 11 12 13 15


t16 17' 19 20 21 2?-


23 24 25 26 28 29


30 3


Emil Pamdleer cowv~o hn:3515


PRE-0OWNED

CARS & TRUCKS

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

NOW IN

STOCK
'99 SUZUKI GRAND VITARA
'03 SUZUKI BALENO
'04 SUZUKI IGNIS
'95 TOYOTA AVALON
'98 HYUNDAI ELANTRA Best offer
'00 HYUNDAI ACCENT
'00 HYUNDAI GALLOPER
'01 HYUNDAI COUPE ,
'04 HYUNDAI SANTA FE1
Very low mileage, very clean
'06 HYUNDAI ELANTRA Very clean
'06 HYUNDAI TUSCON GLS

~ QUALITY-to
Q r LIW9LIMITED
41 AUTO DEALER IN THE BAHAMAS
EAST SHIRLEY STREET 322-3775 325-3079
f1i1 L.,br hf'.lou.inr l iual." y Auro ,SjIl F L .aI la) glo I. ........ d, u i.. rI ty, 3. 2 612
orAbaco Motor Mall, Don MacKay Blvd, 367-2916


LOST/REWARD











Love Beach Area
Call Judie 327-8602
or
Humane Society 323-5138


PAGE 12, THURSDAY OCTOBER 4, 200'7


THE TRIBUNE


.. .. -t


i"

~i -;1


'""`


,, ,


'"


Phone: 25-1354


i


Email: PalmdaleVel( (oralwave.com


llll --, ---H' ^ '': `

5''.
"C ..
;': .
u, ,








THURSDAY, OCTOBER 4, 2007, PAGE 13


Government cancels millions





in road and school contracts


"All work had stopped dur-
ing the months leading up to
the General Election," Mr
Deveaux emphasized.
Regarding the Eleuthera
contracts Mr Deveaux told
the House that "many other
roads on the island required
work, but were not included
in any of the packages put
out to bid," and he assured
members present that the
work will be put out to bid
with "transparent tendering
process."
The bidding process used
by the previous government
came under heavy criticism
yesterday when Mr Deveaux
presented excerpts from a
report prepared by indepen-


Ingraham criticises


former govt's Domestic


Investment Board

FROM page one

"A chairman was never appointed, arid there are no records of
meetings by a Domestic Investment Board," the Prime Minister
said.
There were some 74 applications from Bahamian investors that
had been pending before the Domestic Investment Board, Mr
Ingraham said, most involving requests for the lease or grant of
Crown Lands for commercial development purposes and/or appli-
cations to access concessions under existing investment legisla-
tion.
These applications, compiled by officers of the then Ministry of
Labour and Financial Services, were either under consideration or
awaiting, additional information.
Mr Ingraham said these applications were now being dealt with
by civil servants charged with responsibility for their processing.
"I should further note that any concessions that non-Bahaniians
can get in respect of investments are available to Bahamians.
Additionally, there are other pieces of legislation, such as the loan
guarantee schemes and access to the Bahamas Development Bankl .
which only Bahamians can benefit from," Mr-lngraham
He added that "since May 4, 2004 we have consolidated the
application process and cut out unnecessary bureaucracy that exist-
ed prior to May 2, 2007."
The Domestic Investment Board was the brainchild of the former
PLP administration, which touted it as providing a "one-stop shop"
to facilitate Bahamian investment projects.
Yetmany Bahamian entrepreneurs complained to The Tribune
at the time that it had only served to add another layer of bureau-
cracy to the investment approvals process, on top of the Bahamas
Development Bank, Bahamas Agricultural and Industrial Corpo-
ration (BAIC), Bahamas Entrepreneurial Venture Fund and oth-
er agencies.
Mr Ingraham's claim that he could find no minutes of any meet-
ings held by the Domestic Investment Board was contradicted
yesterday by former minister of financial services and investments,
Vincent Peet.
Said Mr Peet: "The Domestic Investment Board met many
times, and the minutes were there. If they disappeared, that is
another problem. The minutes were kept by the same consultant
you referred to.
"The Board was constituted and members were on the Board."
Mr Ingraham responded: "If it had maeibers, had minutes, I'd be
delighted if you could help me find it. The public officers tell me
they don't exist. Please help me out."
Mr Ingraham said Mr Demeritte's consultancy with the Domes-
tic Investment Board was terminated "in accordance" with the
terms of his contract, while a consultancy he held with the Hotel
Corporation on domestic investments was also terminated on May
31.
Mr Major's Domestic Investment Board consultancy was "not
renewed" when it expired in May. Mr Major was also consultant to
the downtown Nassau redevelopment project and port facilities
relocation project. Mr Ingraham pointed out.


SMW UNDER TF HE THEME:E
UNDER THE THEME:


Speakers Include:


dent auditors who identified
serious inadequacies in the
process.
The public works niinislet
also explained to the House
that the suspension of the
road contract for the Milo
Butlet Extension occurred to
asses the state of the New
Providence Road Improve-
ment Project (NPRIP), have
discussions with the Inter-
American Development
Bank, and to develop esli-
mates for the Family Island
Road development require-
ments.
Some $41.4 million in total
has already been spent on the
NPRIP and a further $9.7
million is pledged to the Milo
Butler highway not includ-
ing money spent on required
land acquisitions and those
funds needed for adjustments
due to the Baha Mar project.
The cost of necessary road
improvements throughout the
country is escalating based on
figures Mr Deveaux present
ed to the House yesterday.
When the FNM left office in
2002, it was estimated that
$60 million was needed to
complete the NPRIP. Cur-
rently. $120 million is
required for New Providence
improvement, and an addi-
tional $60 million is needed
for improvements to the
Family islands.
Referring to the cancelled
school contracts Mr Deveaux
said that the Fresh Creek
Andros School was merely an
election ploy with the con


tract only being signed on
April 30th. This criticism was
too used to justify the can-
cellation of the Lowe Sound
School. And consequently,
new schools will still be built
for these communities Mr
Deveaux assured the House.
The Salina Point school in
Acklins and the CH Reeves
eight classroom block con-
tracts too have been re-
awarded Mr Deveaux
explained. The foundation of
the Acklins foundation was
unsound, while the work on
CH Reeves was described as
"unacceptable," he said.
The justifications for sus-
pending these school con-
tracts were, in one instance.
the inexperience of the con-
tractor at Heritage Junior
High School; while questions
arose regarding the owner-
ship of land for the Faith
Avenue Junior High School,
along with large amounts of
garbage being present and
needing removal on the site.
In the case of Faith
Avenue. work has resumed,
as was the case with TG
Glover after environmental
tests were clear. Work is also
soon to resume on Heritage
school, pending review by a
quantity surveyor.
Minister Deveaux also took
time to read out a full list of
contracts awarded by the gov-
ernment for the summer
repair programme, who these
contracts were awarded to.
and the value of the con-
tracts.


Evening Sessions 7:00 P.M. Nightly)


Session Time S 30 A I. 3:30 P.M.


. Preparing Our Hearts Foi Sern ice Through Worship.
SSetting Up A Medical Msnitry
SSucceeding As A Team.


- Portraying The Image Of My Pastor.

I )cel cnIg I Clcpnl.iI.l Srcrnx I ce %Cry 'lime!
i liI.' i ll u i, u.-i.1u I eil, t lL i .pIr.i lin ,ml..i eid .c .uiJ anisI
I So You Call YtOurclfl A\n \rmorbearcr
SProtocol In I he l.ocul Church.
IS' unill tiit II'3 illUeJd
, Developing leaders That Make IL Happen.


+tDon Stainton (Protection) Ltd.
S SERVING THE BAHAMAS SINCE 1978
HILLSIDE PLAZA,THOMPSON BOULEVARD
FREE ESTIMATES 322-8160/322-8219

I A fll 14C I IhH1*1LU ttmI


Aluminum rolling shutters are custom-fitted I
and available in a choice of colours. They .
provide security and hurricane protection. ..''---_ ..'
Easily operated by hand crank or electric ..
motor, Roll shutters add beauty, security and
convenience to any home. .i .
SWe guarantee motors for 5 years, material ".-
and labour for two years and respond to
service calls within 48 hours, usually on the
same day.


The look of colonial wooden shutters, but with
the strength and maintenance free qualities of
Aluminum. Add a finishing architectural touch to
your home with these functional yet decorative
shutters. Provides protection against storms,
sun and vandals.
6 - !


Sa

C

v

O
a l
31
I


,*0)
u-
~no






u)
.0
0) (

O
Sl

a,









"O
--o





c
a aa.



n l

plY
iN

mB



O
O,

SI
ul^


Economical and convenient, these easy-to-use
awnings are permanently installed and close
quickly for storm protection. They give everyday
protection from heat and rain, and help prevent
fading of carpets and drapes._


The most cost-effective protection available.
Ughtweight, easy to store and to use. We give you
10% extra spring steel clips and use closed-end
headers to prevent the panels "creeping".


Manager, Small Business

Commercial Financial
Services

The successful candidate should possess the following
qualifications:
* University degree in Finance or a related field would he
an asset
* Only applicants that possess 5 or more years banking
experience with a minimum of 3 years in a business
lending role will be considered
* Previous experience in portfolio and liability
administration will be a definite asset
Responsibilities Include:
* Managing relationships between clients & RBC for an
assigned portfolio
* Providing overall management by leading the
establishment and achievement of team sales objectives,
and related activities to achieve superior client
experience, optimal business retention, profitable growth
and productivity
* Developing RBC Financial Group and community
relationships to capitalize on business opportunities
Providing ongoing coaching and development of staff,
ensuring a high level of employee commit ment and
capability through focused sales management routines
Balancing the rewards of meeting business objectives
with the risk of loss to the client, employee and
shareholder by following corporate complianceipolicies
to maintain risk exposure andto operate within the legal
framework and in accordance with securities regulations.
Some travel will be required within the Fanmily Islands
and Freeport.

Required Skills:
Leadership
Negotiating/Selling Skills
Financial Analysis
SCritical Thinking
Relationship building/Plaining/Organizing/Closing Sales
Impact and influence
SAbity to manage multiple priorities
Demonstrated written and verbal communication skills
MicrosoftWord, Excel, and Outlook Itolficiency Itcqluired
RBC offers excellent benefits and annual 0Performance
Incentives. Compensation commensurate with relevant
experience and qualifications.
Please apply before October 12, 2007 to:
Regional Manager
Human Resources
Caribbean Banking
Royal Bank of Canada
Bahamas Regional Office
S.O. Box N-7549
Nassau, NP., Bahamas
Via fax: (242)328-7145
Via email:bahcayjp@rbc.com


THF TRIRIINF


FROM page one

The four terminated road
contracts include a contract
in Acklins with Caribbean
Asphalt and M&R Builders
($3.5 million): along with
three Eleuthera contracts -
Eleuthera Pavers ($2.7 mil-
lion), Symonette's Enterpris-
es ($2.9 million) and Nu View
Construction ($1.3 million).
Prior to the cancellation of
the Acklins contract, Mr
Deveaux said that "it had
become evident that the con-
tractor was unable to com-
plete the work, as idle aban-
doned equipment littered the
roadside in Acklins."


II I~-LOCAL NEWS


~---


I


Light enough to slide easily, yet strong enough to
withstand severe stprm conditions. Heavy-duty
key- lock mechanisms for secure fastening.


I

IF~ r; E r r r r r -


.' I J ': .








THE TRIBUNE


~'


F. f FJF. r r ,rcF.
---- LIMITED
..- STOCK
S/r [ S! {c


Features Include:
" Exra power and fuel economy with the 14B direct injection
system diesel engine
* Air conditioning
* Rope hooks & footsteps for easy loading
* Autonatically-adjusting clutch for easy maintenance
Exhaust brake system for stopping power
* Heavy-duty front & rear suspension systems protect cargo
* Tilt/power steering & superb visibility in a comfortable cabin
* Wide, extra-long cargo bed with reinforced frame


EXECUTIVE
MOTORS LTD

AT I HIORISED DAIHATSU DEALER


/000-mie acor.warrant, ul art
supplyandlcoytaind ehncans
Prc incude*liensngandA nspctin t


Auto Mall, Shirley Street (opp. St. Matthew's Church)
Open Mon to Fri 8am 5:30pm
Sat 8am 12noon
Tel: 397-1700
E-mail: execmotor@batelnet.bs
Parts and service guaranteed


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


CLINICAL Public Health
managers from New Providence
and the Family Islands have
begun meetings with represen-
tatives of the country's national
health programmes.
They are currently taking part
in a four-day strategic manage-
ment in public health workshop
at Sandals Royal Bahamian
Resort.
Hosted by the Ministry of
Health and Social Develop-
ment, the Department of Public
Health and the Pan American
Health Organisation (PAHO),
the workshop is designed to
equip managers at the clinical
level with the knowledge, skills
and tools necessary for the
effective and efficient develop-
ment, planning, implementa-
tion, monitoring and evaluation
of healthcare services through-
out the country.
Michael Turner, acting per-


manent secretary in the Min-
istry of Health, told participants
that strategic health planning
will provide them with the
opportunity to increase the
availability, efficiency, produc-
tivity and effectiveness of their
programmes.
He said the workshop will
assist in the "strategic manage-
ment" of the 115 health clinics
and special units that fall under
the control of the Department
of Public Health.
"It is generally accepted that
all managers in an organisation
make decisions and these deci-
sions are all geared toward
accomplishing set goals and
objectives which were arrived
at through the planning
process," Mr Turner said.
"While you participate in this
workshop, no doubt emphasis
will be placed on management
of your specific (unit) which fall


under the ambit of the Ministry
of Health's Strategic Plan that
has bten documented for
approximately eight years now,"
Mr Turner added.
He said there are various
acceptable methods health plan-
ners must apply in their strate-
gic planning. These include
problem solving /planning, pro-
gramme planning, planning for
the allocation of resources and
co-ordination of efforts and
activities planning.
Mr Turner said that at the
conclusion of the workshop, the
managers will be able to out-
line the social determinants of
health as they relate to primary,,
health care; describe the role of
national strategic plans for
health in the context of the
health policy framework and
outline the basic concepts, prin-
ciples and components of strate-
gic planning in health.


Red Lane Spa,

Exclusive To Sandals Resorts



is searching for exceptional



Massage Therapist,

Spa Receptionists

And Spa Attendants




Requirements include:


9 Previous spa experience
Massage certification or license
9 Well groomed
Team players
Reliable work ethics
Exprerienced salon/spa receptionist


To be considered, please send resumes to:


THE BANK of the Bahamas International paid a courtesy call on the Office of the Prime Minister on
Wednesday, September 26. Pictured form left to right are Paul McWeeney, the bank's managing director;
Prime Minister Hubert Ingraham and bank chairman Maitland Cates.


-visili i SVi M
I/M, ,.1., .^.^ .1.



No matter your eye irritation, red, Itch, dry or even contacts...
There's a Visine for that.
Use as directed.


-T, T' nsI-fIA


Banking bosses meet PM


jshilton@srb.sandals.com
**~ *-. .u > ' l. ......... "


PAGE 14, THURSDAY, OCTOBER 4, 2007


-----


Mir_ ..&r2, I ill, .- -.. . -. ... .


"


Health managers



get together in key



four-day workshop


Avi v.












L A


Claim that Bahamians



should be able to



vote on the gay issue


FROM page one

He said the logical conse-
quence of spreading homo-
sexuality was to reduce the
population. "That's what I
mean by genocide," he said.
Mr Duncombe has also
challenged the Bahamas
Christian Council to state cat-
egorically what it feels about
legislation allowing the gay
lifestyle to continue.
He said the council had
raised no objection when the
Sexual Offences and Vio-
lence Act was passed in 1991,
allowing gay rights "to creep
in by the back door."
Now it was running scared.
But attacking the media for
exposing public feelings
about the gay issue was "hyp-
ocritical", he said, without
stating its position on exist-
ing laws.
"We need to know their
position. If they are seriously
pro-family, we don't need
them skirting around the


issue. They should be part of
our campaign," he added.
Mr Duncombe's comments
came as the gay debate con-
tinued to rage in the press
and on the airwaves following
the Christian Council's deci-
sion to set up a sub-commit-
tee to counter the gay agen-
da.
This, in turn, followed a call
by the Rainbow Alliance, the
gay rights group, for a gay
TV channel to be included in
the local cable service. Now
fathers' rights supporters,
Rastafarians and other anti-
gay bodies are joining forces.
Mr Duncombe said: "Par-
liament erred in 1991 when
it passed the Sexual Offences
and Violence Act because,
with no reference to the pub-
lic, it allowed gay rights in by
the back door.
"This happened at a time
when women were being
raped and abused. But they
used the opportunity to
include this lifestyle as part


of the package.
"Since then the country has
been tolerant enough to
allow gays to hold key posi-
tions. But how do you try to
show the importance of fam-
ily life when these people are
making the decisions? Chil-
dren's issues are not a priori-
ty of homosexuals."
As things stood, he said,
the Christian Council was col-
laborating with the govern-
ment in supporting this
lifestyle. "If that's so, then
they might as well close the
churches because the primary
reason for having them is to
collect tithes and offerings."
Mr Duncombe added: "I
am not looking for publicity.
That comes with the territory.
My purpose is to demonstrate
the correctness of the mes-
sage I am spreading.
"People are advising me to
be careful because gays hold
positions of influence in this
country, but I have no trouble
speaking my mind."


FNM presents




damning report




on the PLP govt


FROM page one process.
"In general," the report
continues, "there are insuffi-
serious concerns, particularly cient documented rules, pro-
with regards to the contracting cedures or guidelines govern-
process, that merit urgent ing the contracting process.
attention at the highest lev- As a consequence, the
eInanother excerpt the aud Department of Works has
In another excerpt the audi- adopted a number of proce-
tors stated that "in many cas dures that give rise for some
es, contractors appear to be concern. Letters of Intent,
selected according to consid- which do not give sufficient
rations other than competi- contractual protection are
tiveness and merit, and staff being used as the norm rather
and senior management rec- than the exception.
ommendations for competi- "Mobilisation payments are
tion and selection of bidders being made regardless of the
are being overruled."
are being overruled. type of project or financial
The report, read by Mr capacity of the contractor,"
Deveaux, also stated that the report stated. "And staff.
these practices are leading are managing difficult aspects
many staff to feel "disem- of their work in isolation, then
powered" and "disillusioned" passing recommendations up
as a result of not being fully in a vertical management chain
charge of the contracting that adds little value to the


decision-making process."
Mr Deveaux told the House
that his government reviewed
33 out of more than 100 active
contracts when they came to
office.
"Many of the projects
reviewed, lacked proper plan-
ning and were essentially
politically driven. I will have
more to say about this in a
future statement in this hon-
ourable House," he said.
This issue, along with the
now reinvigorated investiga-
tion into the Ministry of Hous-
ing, appears poised to seri-
ously tarnish the reputation
of the former government.
Although the FNM govern-
ment might also now come
under criticism for awarding
no-bid contracts to most if not
all of the school.repair con-
tracts.


Deputy Police Commissioner
FROM page one
"I think we will be committed to the challenge. That is not a tragedy
in itself. We will deal with any eventuality and look at what we have
been doing in this organization. This is one of the better run organi-
zations in this region.
"We have won international awards and that must say something
about how the organization is run, but we are not resting on our laurels
and we are always refining and training and educating to give the
best kind of production," he said.
Before the May 2nd general election, Mr Ferguson had been pro-
moted to senior assistant commissioner, but moved from his post as offi-
cer in charge of crime, and relegated to heading the Police Training Col-
lege. This move was seen by many in the political field as an attempt to
remove Mr Ferguson from the upper echelon of the force, make him
irrelevant, and ultimately force him into retirement.
However these mnnoeuvres were reversed when the FNM won
:he g'i\ernment bn Ma\ 2
S When asked yeSt[rda ablouthif perceived affilianon with the gov-
:rninm parl\. Mr Freruion :aid Ihat he paid httle notice to people
who spout such nonsense.
"When I hiade the decision to come to the police 41 years ago, it was
not determined by politics. It was my own decision," Mr Ferguson said.
"I had a passion for crime fighting that's how I got here; came in with
the intention to give the best of my service to make my organization the
best: I would not consider persons who spout such nonsense," he said.


FROM page one

the tabled supplementary
appropriation Bills total just
over $81.5 million.
The tabling the supplemen-
tary appropriations bills falls in
line with what Mr Ingraham
recently said would be his gov-
ernment's move to inject trans-
parency into the way budget
bills are presented to parlia-
ment.
During his 2007/2008 budget
communication to the House of
Assembly, the prime minister
explained that consistent with
his government's undertaking
to demonstrate transparency,
accountability and orderly bud-
geting, he would submit a Mid-
Year Budget Statement to par-
liament in January.or February
of each fiscal year.
That Statement, he said, will
set out the economic back-
ground of the fiscal year-to-
date, the fiscal performance in
the first six months of the cur-
rent fiscal year and will submit
any proposed additions to
expenditure for approval,
adding that these adjustments
- or supplementary estimates
- will be submitted at that
time.
This procedure, the prime
minister noted, would get away
from the previous situation


18 Heads of

Agreements

where contingency warrants
were issued and where there
would be an interminable delay
in submitting the supplemen-
tary appropriations validating
the warrants.
Mr Ingraham pointed out
that the outcome of this would
usually be that the supplemen-
tary appropriations are delayed
until the end of the fiscal year
and buried with the other bud-
getary documentation.
Explaining that the submis-
sion of supplementary estimates
during a budget statement
enables parliament and the
community to see where and
why adjustments are necessary,
the prime minister said the pre-
vious procedure would be elim-
inated "in the interests of trans-
parency, accountability and
orderly budgeting."
The prime minister also
explained that the new proce-
dure implemented by his
administration would enable
parliament to determine which
agencies of Government are
implementing orderly budget-
ing procedures and those which
are not.


Enjoy


Royal Bank and RBC FINCO invite YOU to visit our

2007CAR & HOME SHOW


n ltop Saturday, Ocl
neS o'Royal Bank House, E
p n1 "0 'am to 6
shopping&
h I This event features ONE-STOI

great deals! There'll be prizes & surprises
r Come! Take advantage of:


Af
for f^u-k


A 9


tober 6
East Hill Street
pm!

P shopping.
Dr the entire family!


SThe latest cars at unbeatable prices
On-the-spot financing & insurance
Car alarms and accessories
Great deals on choice properties
Hurricane shutters, home security systems
& MORE!

PARTICIPATING COMPANIES:


ABL Tiles & Kitches
Albury's Locksmithing
Artistic Landscaping Co. Ltd.
Bahamas Bus & Truck Co. Ltd.
Central Highway Real Estate
Confidence Insurance Brokers
Damianos Sotheby's Int'l Realty
Distinctive Real Estate
Eagle Electrical Supplies
& Lighting Centre


Mable D. Gardner Hurricane
& Burglar Protection
Nassau Motor Company
One-Stop Auto
Paul Ritchie Real Estate
Quality Auto Sales Ltd.
Sanpin Motors Ltd.
Security World
Star General Insurance Co.
Sunshine Insurance Co.


Executive Motors Sure Alarm Systems Ltd.


F


'R a SaA
tl^ Al f
^^ ^ SM ffI";sffl n


THURSDAY, OCTOBER 4, 2007, PAGE 15


THE TRIBUNE

















Meeting between Venezuela's Chavez and



Colombian rebel leaders postponed


* VENEZUELA
Caracas
PRESIDENT Hugo Chavez
and leaders of Colombia's
largest rebel group have post-
poned a meeting aimed at
securing the release of hostages
including three Americans, a
Colombian lawmaker involved
in the talks said Wednesday,
according to Associated Press.
Previously planned for next
Monday, the meeting in
Venezuela was delayed so that
mediators can study the legal
implications of the possible
release of rebels in US custody,
Colombian Sen. Piedad Cordo-
ba said in Washington.
"The meeting is not going to
be suspended indefinitely. I
think it could take a couple of
days," said Cordoba, an envoy
who invited Chavez to help
mediate a prisoner swap
between Colombia and the left-
ist Revolutionary Armed Forces
of Colombia.


Chavez said late Tuesday that
the meeting "will be held on an
appropriate date," and could be
held somewhere along the bor-
der shared with neighboring
Colombia.

Passage

Colombia has said it will not
suspend military operations to
allow FARC representatives
safe passage to Venezuela for'
the meeting.
Although Chavez has opened
a diplomatic channel with the
normally hermetic rebels, the
obstacles to an eventual deal
are many, beginning with the
FARC's long-standing demand
that all rebels in US custody be
released.
FARC rebel commander
Nayibe "Sonia" Rojas was con-
victed this year by a US court of
exporting cocaine, and anoth-
er, Ricardo Palmera known
by the nom de guerre Simon


Trinidad is awaiting trial in
the US on drug trafficking
charges. Cordoba said she
planned to meet with Rojas in
Fort Worth, Texas, on Thurs-
day.
But Colombian President
Alvaro Uribe said Wednesday
that he opposes any measure
that would permit the two high-
ranking rebels to return to
Colombia.
"If I were to accept the
demand that Mrs Sonia and Mr
Trinidad be returned from the.
United States to participate in a
humanitarian exchange with the
FARC, that would be disas-
trous,"' Uribe said after meet-
ing in Bogota with US Defense
Secretary Robert Gates.
Asked what the US is willing
to do to secure the release of
the three Americans and other
hostages held by the FARC,
Gates said: "We are prepared to
work with the government of
Colombia to any extent that we
can."


Brazil sugar market slow; European demand pumps ethanol prices


* SAO PAULO
BRAZIL'S sugar market
continued to drag along this
week, both domestically and
overseas, while the ethanol mar-
ket maintained its steady
rhythm, traders said, according
to Associated Press.
The ethanol market has been
trading sideways, relatively
unchanged since late July,
according to one trader,
although demand has been
steadily on the rise this week.
Domestic ethanol consumption
is at an all-time high.
"Everyone who has a flex-
fuel car is filling up with
hydrous ethanol," said Miguel
Biegai, a sugar and ethanol ana-
lyst at agribusiness consultancy
Safras & Mercado.
Supply is alSo much more
plentiful than last year, boosted
by a 425-million-ton sugarcane


crop, roughly 55 per cent of
which is destined to ethanol
production.
"A 30 per cent increase in
supply compared to last year
has been pushing internal prices
to historically low levels," said
Biegai.
Wholesale prices for hydrous
ethanol, a gas substitute, were
relatively unchanged at
BRL0.581 per liter in the week
ending September 28, accord-
ing to Sao Paulo agronomy
think tank, Cepea/Esalq. Prices
for anhydrous ethanol, a gaso-
line additive, were also practi-
cally stable at BRLO.66 per liter.
Ethanol exports moved along
at a steady pace this week, the
majority of which are shipments
of 99.8 pre cent volume anhy-
drous ethanol to Europe. Euro-
pean.demand has been consis-
tent of late; with rising grain
prices drastically lowering


ethanol production profit mar-
gins and making Brazilian
ethanol a much more economi-
cally viable alternative to local
distilling.
Prices, accordingly, have risen
to between $420 and $430 per
cubic metre, free on board
(FOB) conditions, from last
week's quotes ranging from
$410 to $420 per cubic metre.
Outstanding contracts of
hydrouss ethanol are still being
shipped to the US via the
Caribbean, but many exporters
are barely breaking even with
these shipments. No new deals
were closed for hydrous ethanol
exports this week, according to
Tarcilo Rodrigues, director at
Sao Paulo-based sugar and
ethanol consultancy Bioagen-
cia.
Sugar prices on the internal
market are also at minimum
levels for this year, with spot


prices for color 150-icumsa sug-
ar ranging between BRL23.50
to BRL24.00 per 50 kilogram
bag. The local Cepea/Esalq
index closed Tuesday at
BRL24.48, down from
BRL24.70 last week and BRL
25.13 the previous week.
Buyers both domestically and
overseas are making sparse pur-
chases, according to Biegai.
"A combination of exorbitant
freight prices, low demand and
Indian sugar flooding the mar-
ket has given Brazil little room
for export," said Manoel Gar-
cia, head trader at local broker-
age Fluxo.
The dollar-Brazilian real
exchange rate has not helped
exports, either, with the dollar
dipping nearly to the BRL1.80
psychological barrier early this
week. The exchange rate late
Wednesday stood at BRL1.84
per dollar, down from BRL1.85


to the greenback last week. The
dollar hit a seven-year intraday
low of BRL1.82 earlier this
week.

Exports

Export prices for raw VHP
sugar this week for October-
November delivery were nomi-
nal, with asking prices at 25
points under the ICE Futures
US March contract, and bids at
50 below.
Prices were around $216 for
raw VHP at the Santos port on
Wednesday, according to Safras
& Mercado.
On the whites market, pre-
miums for color 150-icumsa sug-
ar were priced at $42 to $45 per
ton above the ICE Futures US
March contract for delivery in
November.
Icumsa is a numerical grad-


ing system of white sugar,
wherein lower numbers show
higher-quality, whiter sugar.
Color 150 icumsa makes up 80
per cent of trading on the
domestic market with color 100
icumsa comprising the balance:
On the harvest front, rains
are not expected over the next
10 days, favoring harvesting in
Brazil's main center-south cane
growing area, according to
Southern Marine Weather Ser-
vice, or Somar.
SBrazil's Union of Sugarcane
Industries, or Unica, said earli-
er this week that 75 per cent of
the center-south crop has
already been processed. Fur-
ther details of the harvest are
expected on Friday.
Brazil is the world's No 2
ethanol producer after the US
and leading ethanol exporter.
It is also the world's top pro-
ducer and exporter of sugar.


When you choose NUA for auto insurance coverage, you qualify automatically for First Response, an exclusive
accident assistance programme from Bahamas First. First Response provides immediate on-location service and
support in New Providence from the moment of an accident through the claim and repair process. One call to
32-FIRST and a fully equipped First Response van with trained professionals begin claim processing and take
full control of the situation. At no additional cost to you.


If you are an existing policyholder with NUA, information on First Response is being sent to you.


If you are not, call our personal lines team today for a comprehensive and affordable auto policy that is just right
for you. Enjoy the comfort of knowing you are in the good hands of NUA and First Response.


N N-U**A
INSURANCE AGENTS & BROKERS


heHands On
Insurance Agency


Tel (242) 328-5992/3 Fax (242) 328-5974 info@nuainsurance.com


+<>


-


-THE TRIBUNE


PAGE 16, THURSDAY, OCTOBER 4 20077









THURSDAY, OCTOBER 4, 2007, PAGE 17


THE TRIBUNE


Princess Diana inquest 1


focuses on a summer




romance and a car crash


* LONDON
THE British inquest into the
deaths of Princess Diana and
her companion focused quick-
ly on a summer romance that
ended in a horrific car crash,
according to Associated Press.
Lord Justice Scott Baker told
the six women and five men
selected for the jury on Tues-
day that they must decide
whether the deaths were an
accident or as the father of
her companion Dodi Fayed
contends a murder orches-
trated by Prince Philip and car-
ried out by Britain's secret ser-
vices.
"You will be in the public
eye as no inquest jury has ever
been before," said Baker, who
is acting as coroner. The
inquest is planned to last no
more than six months.
As proceedings began, fewer
than a fourth of the seats
reserved for the public were
taken.
Opening a decade after the
couple and their chauffeur
died, the inquest had to wait
for French authorities to com-
plete their inquiries and court
proceedings, then for the Lon-
don's Metropolitan Police to
complete their investigation.
The French authorities and
the Metropolitan Police agree
basically that chauffeur Henri
Paul had too much to drink,
the car was going too fast, and
that the crash in the Pont d'Al-
ma tunnel was an accident.
Fayed's father, Mohamed al
Fayed, disagrees. "I believe my
son and Princess Diana have
been murdered by the royal
family," he said outside court.
Paul died along with Diana,
36, and Fayed, 42; bodyguard
Trevor Rees-Jones was the sole
survivor.
In his opening statement-to
the jury, Baker recapped the
couple's relationship, which
developed after July 14, 1997,
when Diana was staying in the
French resort of St. Tropez as
al Fayed's guest; Dodi Fayed
arrived later in the day and his
girlfriend, Kelly Fisher, joined
him two days later.
All parties to the case agree
that Diana and Dodi Fayed did
not have a serious relationship
before then.
Baker said a remark Diana
made to journalists on July 14,
that "you're going to get a big
surprise," preceded Fayed's
arrival, as did a photograph of


her in a swimsuit, which some
have said showed an early
pregnancy.
Al Fayed has claimed that
Diana was pregnant with Dodi
Fayed's child when she died,
and that the couple had
planned to announce their
engagement on Sept. 1.
Their relationship did devel-
op rapidly and the couple spent
time together though not
continuously in Paris, in
Nice and aboard a yacht in the
next six weeks.
Baker told jurors that al
Fayed and other people in con-
tact with Dodi Fayed at the end
of August believed an engage-
ment was imminent; people in
touch with Diana thought not.
Turning to the fatal drive
from the Ritz hotel starting at
12:20 a.m. on Aug. 31, Baker
said the jury would have to
consider whether Paul was
intoxicated, why he took a
peculiar route toward Fayed's


flat, why he lost control of the
speeding car, and whether any-
one could organize a murder
in the circumstances.
The decision for Paul to
meet the couple at the rear
entrance of the hotel appar-
ently was made at the last
minute in the hope of eluding
paparazzi clustered around the
front entrance. Al Fayed has
said he urged Dodi to stay at
the Ritz, but that his son want-
ed to return to his flat to pre-
sent an engagement ring to
Diana.
Had Paul followed the route
that most professional drivers
would have taken, "then any
conspiracy to do murder in the
tunnel would have been cer-
tain to fail," Baker said.
In a witness statement, al
Fayed claimed that Paul was a
paid agent of British and
French secret services, that he
was paid the equivalent of
$4,000 to orchestrate the


arrangements for taking the
couple out of the back entrance
of the Ritz, and that a post-
mortem that determined that
Paul was drunk had been fab-
ricated, Baker said.
He indicated that the jury
will also consider allegations
that French medics might have
saved Diana had she been tak-
en to a nearer hospital, or been
taken directly to a hospital
rather than being treated at the
scene as is the policy in France.
Baker said an expert he com-
missioned concluded that it was
unlikely that Diana, who died
from a ruptured pulmonary
artery, could have been saved,
and that the hospital where she
was taken was best equipped
to deal with multiple injuries.
A coroner's inquest has no
authority to blame any indi-
vidual for a death. The jury's
role is to determine who died,
when and where, and the
crux of this inquest how.


MOHAMED AL FAYED, center, leaves the Royal Court of Justice in Lon-
don, Tuesday, Oct. 2, 2007, after the first day of the inquest into the
death of Princess Diana and his son Dodi Al Fayed. Princess Diana and
her companion Dodi died in a car accident in Paris when their car dri-
ven by chauffeur Henri Paul crashed into a pillar at the Pont d'Alma
tunnel on Aug. 31, 1997. At left a bird flies past the entrance to the
court.


SA



: '1 "


- A


C13
COM94WMW


SANPIN MOTORS LTD


THOMPSON BLVD. OAKSFIELD
TELEPHONE: 242-326-6377
FAX: 242-326-6315
EMAIL: sanpin@coralwave.com


ON THE SPOT FINANCING AVAILABLE WITH
COMMONWEALTH BANK

ON THE SPOT INSURANCE AVAILABLE WITH
ADVANTAGE INSURANCE BROKERS & AGENTS


s 'cial rnc : fo\



See the full line of your favourite Ford vehicles at



THOMPSON BOULEVARD TEL.: 356-7100 FAX: 328-6094

PAR OF YOUR LIF EMAIL: friendlymotors@hotmail.com WEBSITE: friendlymotorsbahamas.com


- 1 111-- c-~II~ I Ir C-, II I III I


ai q


'
;il r
. r*ks~lB~P~x~~.~
t









IN-TERNATI Bsgi W &I


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


For more details Call BTC 225 5282.


ONE OF the Budapest Zoo's three six-week-old mandrill babies (Mandrillus sphinx) rests in the lap of its
mother during the first public appearance in Budapest, on Wednesday, Oct. 3, 2007. The Mandrill is one
of the endangered species of West Africa, for which a breeding program is coordinated at the Budapest
Zoo. Thursday, Oct. 4, 2007 sees the World Animal Day, which was established in 1931 as a way to
highlight the plight of endangered species. October 4th,was chosen as World An;n- ii Day as it is the
feast day of St. Francis of Assisi, the patron saint of ni.jminals .-.


^^fl I1 79 49i
': 40ct. 1 ct 1 gal.
"IITEM# 1122564124 ITEM# 600551 ITEM# 9563900113

Prices Available in Nassau location only. Open Mon-Thurs 8am-9pm,
Images shown may differ Fri & Sat 7am-1Opm
slightly from product in stock. & Sun 7am-12noon
Old Trail Road 242 393-4041
GOOD WHILE SUPPLIES LAST.
Credit Cards accepted
Sale ends Wednesday, October 1 Oth


THE TRIBUNE


PAGE 18, THURSDAY, OCTOBER 4, 2007


I
I
- i










THE TRIBUNE THURSDAY, OCTOBER ~, 2007, PAGE 19


INERATIOALNW


Leaders of two Koreas



meet after chilly



reception from North



at summit opening


SEOUL, South Korea

LEADERS of the two
Koreas began formal talks
Wednesday at the first sum-
mit between the divided coun-
tries in seven years, and North
Korea's Kim Jong II appeared
to warm to his South Korean
visitor after an initial chilly
reception, according to Asso-
ciated Press.
According to South Kore-
an pool reports, South Korean
President Roh Moo-hyun told
Kim he was concerned about
flooding in the North, where
this year's seasonal summer
rains left some 600 people
dead or missing and tens of
thousands homeless. North
Korea delayed the summit
from its original late August
date due to the disaster.
Before talks began at a state
guesthouse in Pyongyang,
Roh presented gifts to the
North Korean leader that
included a bookcase full of
South Korean DVDs, featur-
ing popular soap operas and
films starring Lee Young-ae,
believed to be Kim's favorite
starlet. Kim is a known cinema
buff who has a vast film
library and purportedly has
helped produce several
movies.
Kim appeared animated
and smiled repeatedly
Wednesday as he greeted
Roh, a contrast from his dour
attitude the day before when
the two first met briefly at an
outdoor welcoming ceremo-
i, ny.
. The two mon posed seated
for a photograph along with
other delegation members
before starting their meeting.
Kim was accompanied at the
talks .only by his spy chief,
while Roh was joined by four
top officials.
The morning session ended
after just over two hours and
the leaders were to resume
meeting Wednesday after-
noon, presidential spokesman
Cheon Ho-seon told pool
reporters in Pyongyang.
This week's summit is only
the second time leaders of the
North and South have met
since the Korean peninsula
was divided after World War
II.
Wednesday was expected to
be dominated by the leaders'
talks, for which no specific
agenda was publicly known,
before Roh was scheduled to
view an evening performance
of the North Korean propa-
ganda spectacle known as the


Formal talks between

divided countries begin


"mass games." It was not
known if Kim would also
attend.
The show features thou-
sands of synchronized gym-
nasts performing in front of a
mural formed along the entire
wall of a stadium by children
turning colored pages of
books.
Conservatives have criti-
cized Roh for going to the
show, which extols the pur-
ported virtues of the North's
communist regime. The North
has excised potentially embar-
rassing sections for the sum-
mit, and South Korean offi-
cials have noted other visitors
have viewed the event -
including then-U.S. Secretary
of State Madeleine Albright
in 2000.
On Tuesday, despite rap-
turous cheers from hundreds
of thousands of North Kore-
ans as Roh arrived, Kim was
reserved.
The words "I'm glad to
meet you" were apparently
the only ones he uttered dur-
ing the brief welcoming cere-
mony that launched the three-
day summit.
Kim did not hold more
meetings with Roh on Tues-
day. Instead he let his deputy,
the country's nominal head of
state Kim Yong Nam, deal
with the South Koreans for
the rest of the day. They held
talks and the North hosted a
banquet where Roh offered a
toast to Kim Jong Il's health.
The North Korean leader's
apparent snub contrasted with
a friendly reception that the
North's leader gave to Roh's
predecessor, Kim Dae-jung,
at the first-ever summit in
2000.
The White House said it
hoped the talks would con-
tribute to peace and security.
"Ultimately, it needs to lead
to the denuclearization of the
Korean peninsula," White
House press secretary Dana
Perino said Tuesday.
The North's vice-minister
for foreign affairs, Choe Su
Hon, told the U.N. General
Assembly on Tuesday that the
summit will open up new pos-
sibilities for "peace, co-pros-
perity and the reunification"


of the Korean peninsula.
Roh has said he wants to
use this week's summit to start
a genuine peace process with
North Korea instead of the
current reconciliation track,
which has seen halting
progress in reducing military
tension on the Cold War's last
frontier.
The two Koreas remain
technically at war since a 1953
cease-fire ended the Korean
War, despite seven years of
warming ties.
Both Roh and Kim also
hope to keep the surging con-
servatives from winning South
Korea's December presiden-
tial election.
Roh's eager embrace of the
North has also caused friction
with Seoul's ally Washington,
which wants improvement in
relations between the Koreas
to only follow progress in the
North scaling back its nuclear
ambitions.
Roh made the 125-mile
journey to Pyongyang by road,
pausing in the center of the
Demilitarized Zone that
divides the Koreas to walk
across the border the first
time any Korean leader has
crossed the land frontier.
The summit, which runs
through Thursday, takes place
amid rare optimism at inter-
national talks on the North's
nuclear programs that include
the U.S. and other regional
powers.
North Korea shut down its
sole operating nuclear reactor
in July that produced material
that could be used in bombs,
and has agreed in principle to
disable its atomic facilities by
year-end in a way that they
cannot be easily restarted.
The progress after years of
tortuous talks followed the
North's first-ever nuclear
bomb test a year ago, which
prompted the U.S. to reverse
its earlier hard-line policy on
Pyongyang and offer conces-
sions in exchange for disar-
mament.
A senior State Department
official said the U.S. and
North Korea are working on
the planned removal of the
North from the U.S. terror
sponsorship list.


SOUTH KOREANS wave U.S. and South Korea flags during an anti-Koreas Summit rally at downtown of
Seoul, South Korea, Wednesday, Oct. 3, 2007. South Korea's president reported notes of discord in sum-
mit talks Wednesday with North Korean leader Kim Jong-ll, while Kim gave a promising sign by suggest-
ing the meeting be extended for an extra day.


Paradise Island

Club La/id" o


Blue Lagoon
Seafood Restaurant & Grill Terrace


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


OPEN FOR BREAKFAST FROM 7:30 -11AM


OASIS LOUNGE, 7PM-1'2- MID-NIGHT
Live entertainment provided
;By
The jabu[ous 'Tran je 'Victory
HAPPY HOUR 5-7PM MON-SAT
Buy one &r get second, drink free Hot hors d'oeuvres

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

FREE PARKING

Reservations Suggested
Telephone 363-2400

Closed on Sundays and Mondays.


APPLIANCES


& ELECTRONIC i

& ELECTRONICS


'C.


r


.,. S


Wh i rlpool
6--


._-,

--..a.


'.-. ~ !
"'*- ~;

^*'S


I


..--~al __"~"""~C~E~3~P~


THURSDAY, OCTOBER ', 2007, PAGE 19


THE TRIBUNE


" r~9~1U~~
.I e. .:':-;


Si


7Sssara~q~J~ ~~';.;;
i -~~ -


r ----


pa l
'W AV


P. :


.. '' ; .. :,.:: .. .,.> '- ',:-"..
Low,- ^ "
tlog im-










PAGE20HURDAYOCTBERRA2I007ATHENTRI


TIME TO PLAY


OUTSIDE!


Prlus
$) 0
Facor


Rebat


2007 COLORADO


The all new
Chevrolet
Colorado offers
you more choices.


* 3.7L 1-5 engine
* 2-door or 4-door
models
* 2 or 4-wheel drive


SScotiabank

Nassau Motor Company Limited
Shirley St. P.O. Box SS-62135 Nassau, Baham
Tel: (242) 328-3908 Fax: (242) 323-7272
Website: www.nassaumotor.com


Standards:
* AM/FM 6-disc CD player
* Power windows &
door locks
* Automatic Locking
Rear Differential


on-the-spot financing.


aas
NMc
NASSAU MOTOR CO


Ukraine's president calls for coalition

talks after tight parliamentary election


* KIEV, Ukraine
PRESIDENT Viktor
Yushchenko on Wednesday
called for the beginning of coali-
tion talks, an announcement that
appeared to reflect a still-uncer-
tain outcome from Ukraine's
parliamentary election, accord-
ing to Associated Press.
Yushchenko made the
announcement as a near-final
tally from Sunday's vote showed
that his party and that of his
Orange Revolution ally, Yulia
Tymoshenko, were tantalizingly
close to forming a majority in
parliament.
Yushchenko's allies had said
he would return Tymoshenko to
her post as prime minister if they


win a controlling majority. But
with his announcement, shown
on national television,
Yushchenko appeared to be
acknowledging the possibility
that he and Tymoshenko might
not be able to form a majority
coalition.
As of Wednesday afternoon,
99.51 percent of the vote had
been tallied, giving the party of
Prime Minister Viktor
Yanukovych 34.3 percent, fol-
lowed by Tymoshenko's blpc
with 30.76 percent.
The party loyal to
Yushchenko trailed with 14.19
percent.
A victory for the Orange Rev-
olution allies had been widely
seen as assured, even as election


For All Life's Roads


CARIBBEAN SUMMER

'^TT^TTT"?ah TTni


AS ,,
m "


Congratulations to our
Grillin' and Chillin" winners!
Pictured from left are Rebecca Lightbourn, third prize winner
of a 150qt Rubbermaid Cooler; Shelly Major, the first prize
winner of the Weber Gas Grill; LeBelle, second prize winner
of the umbrella patio set and Kim Pritchard, Assistant Brand
Manager, Kraft Foods, The d'Albenas Agency, Ltd.


Kraft Foods
:'., are distlubutred li Je t hil amas by
r .",h V-! The d -IL.-,,,-. agency i. td.
Madieta Shopping Centre
322-1441


*


1''


end of


CLEARANCE SALE


COOLERS




Coleman
Flip-Lid
Personal Cooler
Holds 6 -: 12 oz cans plus ice
Coleman
2 Gallon Jug


LAWN AND GARDEN so' s/s uvC
Miracle Grow 1 :' Reinforced
Liquid Feed Starter Garden Hose
S 3-ply reinforced
Miracle _Grow f nylon All brass full-flow coupling


Liquid Feed
Riqula re4a Pac Miracle Grow Shake 'n Ar
Refills 4 Packbs
Feed Weed Prevention 4.5 Ibs


BARBECUE
14.5" Vortex Tabletop ,k
Gas Grill
Easy to clean baked porcelain enamel finish
Lid locks to bowl for easy transport and stability
160 sq. inches of grilling space
9,000 BTU's

Coleman Propane Fuel
2. Pack Cannister
16.4 oz bottles each

14" Vortex Express
Tabletop Charcoal Grill
Easy-to-clean baked-porcelain enamel finish
Leg and lid locking system. Protective wood handle
140 sq. inch cooking grid


Pre- Cut
Printed Area Rug


SUPER SAV-A-CHEK DEALS :
You may redeem "UNLIMITED" Sav-A-Chek Certificates
at City Market on the Summer items above uptothetotaivoueoftheitem)


CHEVROLET


~s~i~i~ 4:;
r !'3
r -o~---~ .: ."7 i


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.
3-27-1132
Come in and see.


Lo


OUTDOOR LIVING
Adirondack
Chair
Green or Beige.
Stackable.Textured
wood-grain finish
32"L x.28.75'W x33.5"H
Adidge
Folding '
Table
Cri.... jq \
.\.


Patioe
Rug
7. t q


I





I


I J II


PAGE 20, THURSDAY, OCTOBER 4, 2007


THE TRIBUNE


. Z


w


officials were still counting bal
lots from some 200 precincts at
an unusually slow pace that has
raised suspicions of vote tam-
pering.
Attention has been focused
on the smaller Socialist Party
whose ability to reach the 3 pe -
cent threshold for entering par
lament has turned it into a linch
pin for any new government.
Sho!'d the Socialists fail to
get enough votes to enter par-
liament, the Orange forces
would have at least 226 conm
bined seats, enough to form a
government.
By noon, the Socialists had
2.87 percent after sliding down
ward earlier in the morning.
Yushchenko said he instructed
his party and those of
Tymoshenko and Yanukovych.
along with two other smaller
parties, "to begin preliminary
consultations concerning the for.
mation of a majority in Ukrain-
ian parliament and forming a
Cabinet."
"Ukraine must emerge unit-
ed following the elections; there
shouldn't be two Ukraines."
Yushchenko said in a five-
minute speech.
Tymoshenko already has
claimed victory and has all but
declared herself prime minister.
Yanukovych has also declared
himself the winner based on his
narrow lead.
The uncertainty raised fears
that the former Soviet republic
could face a replay of the politi-
cal stalemate that Yushchenko
wanted to end by agreeing to
the early vote.
After an election in 2004 was
won by Yanukovych,
Yushchenko and the charismat-
ic Tymoshenko inspired thou-
sands of protesters to protest
The Western leaning
Yushchenko won a couri-
ordered rerun and named
Tymoshenko his prime minister
replacing Yanukovych, the
prime minister who was openly
backed by the Kremlin.
But Yushchenko and
Tymoshenko fell out and
Tymoshenko was fired after just
seven months. Infighting opened
the way for Yanukovych to
return as prime minister last
year.


~rY


(8~6~







fHUHSDAY, OCTOBER 4, 2007, PAGE 21


THE TRIBUNE


MONEY TRANSFER
7h/ae test wzay to
send money Wv ordwide
Available at
CITY MARKET SEAGRAPES and
ROSETTA STREET STORES


Specials Good Oct 4th to 10th


SAVINGS FOR YOU


-a: KELLOGG'S '
CORN 24oz
FLAK CORN
t-FLAKES


MHAM


JUICY
ITALOU


5 LB BAG
IDAHO
POTATOES


3 LBBAG
YELLOW
ONIONS


r WHITEWAVE
SILK Asst'd 64 oz
SOY MILK


rz-,PILLSBURY
A 16.4 oz
FROZEN MICROWAVE
PANCAKES


DELI
JOHN MORELL
HAM
:H $2 99
PER LB


Other specials available inside our stores

|^ A JS T F\'^^ I k^ r.T ^


LYSOL TOILET BOWL
CLEANER 24oz,Assorted.....3.79
LYSOL DISINFECTANT
SPRAY 20 oz, Assorted Scents...$6.59
LYSOL BASIN TUB & TILE
& ALL PURPOSE CLEANERS
32 oz, Assorted ....................o $4.09
WOOLITE LIQUID FABRIC
WASH 50 oz, Assorted ..........$8.59


Promotion not open to City Market or Thompson Trading or Staff or their iniin


STEEL THE SAVINGS
PROMO
Purchase any 2 participating
products to win a stainless steel
appliance. Get the cashier to sign
your receipt & drop into Entry Box.

j-$mm'.
E4)!O^C o^r A


di e? (y I 01. st --


I"nl


EASY-OFF OVEN & GRILL
CLEANER 24oz, Assorted ....$6.99
EASY-OFF OVEN CLEANERS
16 or 24 oz, Assorted .............$5.79
EASY-OFF STAINLESS STEEL
CLEANER17 oz..............$6.99
EASY-OFF BAM CLEANERS
24 oz, Assorted ....................$5.79


-":: L..1


I~lI


ARIEL LAUNDRY DETERGENT... $5.79
2.4 kg w/Bleach Save $1.00
GAIN LAUNDRY DETERGENT... $19.99
190 oz Save $2.40
PRINGLES CHIPS...................... $1.69
5.75g 6.75g, Asst'd Save 50c
ORVILLE REDENBACHER
MICROWAVE POPCORN........... 2/$5
8 oz, Asst'd Save 59C ea


f ^
2<


0


HUNT'S BARBECUE SAUCE........... $1.69
21.6 oz, Asst'd Save 20C
HUNT'S KETCHU P.......................... $2.39
21.6 oz, Asst'd Save 40C
PASTA RONI PASTA........................ 2/$3
4.7 oz Asstd Save 59C ea
KRAFT SALAD DRESSING.............. 2/$3
8 oz, Asst'd Save 79C ea


Store Hours: Mon. to Sat: 7:00am 9:00pm Sun: 7:00am to Noon all stores,
except Harbour Bay, open until 2:00pm & Cable Beach open until 5:00prm.
Advertised products may differ from the photos shown.
Some product availability may differ for Grand Bahama stores


. ,:"'-,q
LI

Double ite value
on Sunday


SAV.A-CHEK STAMPS
Redeem at CITY MARKET,
SANDY'S, HOME FABRICS
JOHN BULL BUSINESS CENTRE
PLAYTIME SPORTS Y DOLLY MADISON


-------- ~^
.T, y


W


_ ,,


L-


--


FEPSIs~


i'
rr I'.-
.~
.1~ '''~'
.r :r
'
. .
i i
;
;


:561


nlrln~cn


S A2
r, i


TURKEY
WINGS


P79tL
PER LB


I .
I 6RIDV,4


e~s:
r
c. .:
I*-I












7:30 8:00 B |9:00 9:30 10:00 10:30

AntquesRoad- White Elephant The social, itiand personal in- Voes The first generation of Do- Visones: Latino
S WPBT show tgue surrounding the ic taium. minican baseball stars overcame Art and Culture
obstacles. 1 (CC) A (CC)
The Insider (N) Survivor: Chlna'l : Crime Scene Investigation Without a Trace "Clean Up" The
D WFOR rA(CC) and Possibly a Shouldi (N) The team investigates the death of team wonders if a man's job is a
(CC),:, a go-kart racer. (N) (CC) (DVS) factor in his disappearance. (N)
Access Holl- My Name Is Earl 30 Rock The Office Ryan returns to Scran- (:01) ER "n a Different Light" (N)
SWTVJ wood (N) (CC) (N) (CC) tells Lihe ton to brng the company into the (CC)
_not over F' digital age. (N) A (CC)
Deco Drive Are You Smarter Than a th* Don't Foret the Lyrlcs! Karaoke News (N) (CC)
S WSVN er? A new class of fifth-graders, (N) contest. ( (CC)
n (CC)
SJeoprdy! (N) Jly BetyBetty finds outthat rey' Anatomy The residents and (:02) Big Shots James fights for his
S WPLG (emina's bodyguard istakhg ntems treat the victims of a mas- manage; Duncan tries to seduce a
ob to a new level. (N) (C expos. (N (N) n (CC) beautiful reporter. (N) (CC)

:00) CSI: Miami CSI Miami "Pro PerA driveby. The First 48 An elderly man is The First 48 "Reversal of Fortune;
A&E Innocent" A shooting from a boat leaves bay stabbed to death; a man is mur- Running Scared" Body in carpet.
(CC) side partygoerdead. A (CC dered outside a liquor store. (CC) (CC)
(00) News BBC News World BN" BBC News Inside Sport News
BBCI(Latenight). Report (Latenight),
ET Hell Date (CC) he Black Car- Hip Hop American Gangster 2 (CC) Hip-Hop vs. America (Part 1 of 2)
_i ____ lpet(CC). f e '9- .__ __(CC) _
BC (:00) NHL Hockey Toronto Maple Leafs, a,, From Scotiabank Place in NHL Hockey Philadelphia Flyers at
Kanata, Ont.(Live) (CC) ; Calgary Flames. (Live) (CC)
PN0BC ) On the Fast Money W or No Deal Contestants get a The Big Idea With Donny Deutsch
ey .nce to win money. n CC
CNN oo [) The Situa- Out In the Open y King Live (CC) Anderson Cooper 360 (CC)
Scrubs J.D. en- The Dally Show The dof Mencia South Park The South Park (CC) Drawn Together
COM joys luxuries Elliot With Jon Stew- port (d sign inves- boys embark on Toot drinks salt-
uys.(CC) art(CC). loans a quest. (CC) water. (N) (CC)
COURT CopsPalm Inside American lnsie "Prison Tactical" Inside "America's Toughest Jail"
COURT Beach' A (CC) Jail ,Jil N' .ii ...
The Suite Lifeof PHANTOM OF THE ME Adventure) (50) Shaun the That's So Raven Life With Derek
DISN Zack &Cody Taylor Handley, Jacob Sm h cneces at a Sheep "Royal Treat- The Bully Broth-
Nightmares. 1 movie theater awaken ap d iy,'(CC) ment" (CC) ers" (CC)
DIYThis Old House This Old House Sweat iy Ilog Cabin Blog Cabin Desperate Land- Wasted Spaces
(CC) A (CC) escapes
DW Maybrlt IIner : Tages- Bundesliga Kick Journal: In Euromaxx
Sa Off____Depth
E! TheDaily 10 (N) Dr. 90210 A fireworks a Most Unfoettable SL M- 101 Most Unforgettable SNL Mo-
leaves a man blind in o ts (Part 4 o 5) ments (Part 5 of5)
ESPN College Football Kentucky at South Carlii SportsCenter
iI(Live) (CC)
ESPNI XS EFA Champions LeguFA Champions League Soccer Arsenal vs. Bucuresti. (Taped) (CC)
lights(N) .;::: : ",...
EWTN :0) Day Mass Lfe on the Rock ile The Holy Back Stage Seelos: Tireless
The Holy Ra Bc S .,Intercessor
FIT TV ( C0ardIo ftFation "All Stressed Out uTiider Hlni ce Hocke" Deadly Arts "Karate A (CC)
IT TV Blast (CC) Ingstress..(CC) ..ncture.() (
FOX-NC The O'Rely Factor(Live ( & Colmes (Live) (CC) the Record With Greta Van
ShepardSmith I Susten (Lve) (CC)
FSNFL :00) NHL Hockey Florida Panthers atNe Madison Inside the Pan- Nothn'But The FSN Final
FSNFL square Garden in New York. (Subject to VI_ others Knockouts Score (Uve)
GOLF PGA Golf: Nationwide Tour- Mark LPGA s Challenge First Round. From Danville, Calif. PGA Golf:Valero
G LF Christopher Charity Classic ( .1Texas Open
) Weakest Who Wants to Be a the Ques- F Feud 1 Family Feud A Chain Reaction
GSN k1 C (CC) (CC) (CC) (CC)
G Tech Attack of X-PlayBeautiful X-Ply C s 2.0 Cos2.0 Ninja Warrnor NinjaWarrior
G 4T ec h 9 show i Katamads." -._ ____ _
:00) Murder Murder, She Wrote To meet hr f R Y MASON: THE CASE OF THE RECKLESS ROMEO (1992, Mys-
hHALL We Wrote (CC) deadline, Jessica must oi r Raymond Burr, Barbara Hale, William R. Moses. A talk show host
typist of a murder charge: ': s a scandalous tell-all autobiography. (CC)
Buy Me Chanta Holmes on Homes "Hitie House Over YourHead Disaster DIY Junk Brothers A
HGTV "Empty nest". A Mike rebuilds a deck. ((OC) i, ndbreaking Family room. "Kitchen Attack' sewing table is
(CC) lennessee. (CC) A (CC) transformed.
INSP Morris Cerullo through Lve aTo- Lfe Today (CC) This Is Your.Day The Gop
___ m,,__. U, ._nj^___-,,.
li- Reba Reba que ife andGuy Family Guy
KTLA tionsher deci- Table for Jim Ceisdiscovers Chs pretends, MenAla'sa n- nda
sion.(CC) Too Many' (CC) ming Poolots.(CC) he'sdying. (CC) ney. A(CC) Plot Moistens"
Still Standing Rebaheyenne Rebaa WHAT'S LOVE GOT TO DO WITH IT(1993, Biograhy)Angela
LIFE Bill befriends n- is deprived of Jean Basett, Laurence Fishbume, Vanessa Bell C loway. The e o singer-
da's ex. (CC) Van's attention. gioes g ssTna Tumer. (CC)
MSNBC 0 Hardial Countdown Wh Keth Uv WthDan Abrams The Accused
MNI K & Josh SWr sponges a Dak l Im Home Improve- Gneorge z Lopez
1 (CC) SquarePants n (CC) -;1 B, t A (CC) meant n (Cc) (CC)
NTV SmarterThan a Survivor: China'l Lost'T*wI~ t i Shark For Whom the Skel Rolls" News(N) A News
5th Grader? aid Possibly a Shouldeff'; (N) 0 (CC) (CC)
SPEED Pinks TheChase Is On Sur*v ~ i Pinks-AllOut NOPITunervi- NOPITunervi-
S P(N) Fastet .slon (N) slon
Against All Behind the Michael Y fishop TD. This Is Your Day Praise the Lord (CC)
TBN Odds (CC) Scenes (CC) Dr.Michael Jakes (CC) (CC)
Youssef. (CC)
T(:0) MLB Baseball National League Division Seoe**Gaite 2 Teams TBA. (Live) n (CC) MLB Baseball:
TBS ALDS-Teams
.... ...TBA
T: 00) Overhaulln' American Chopper can ChopperBilly Joel American ChopperBilly Joel 2
TLC Chp &AJ Trad- Mikey plans a scooter ad i ding a vintage Indian bobber Building a vintage Indian bobber
ingaces (CC) le for Billy Joel, (CC) motorcycle for Billy Joel. (CC)
(:00) Law & Or- * ATIME TO Kil i iandra Bullock, Samuel L. Jackson, Matthew McConaughey. A
TNT der arcosi laers defense of a bthhe Klan's ire. (CC)
n (CC) (DVS) ...
TOON Cou ethe Goosebumps Adven MyGym Part- Edd n Eddy Naruto
O N cowardly Dog (CC) t )ner'sa Monkey
TV5 i0)Toute une Ehvoyspcial (SC) Dossier Scheffer "Jean-Franois Urbania
TV5 'istoire .-. :' ;"" Abgrall"
TWC storm Stories Abrams & Bettes Evening Edition (CC)
TWC v~i/ (cc q' :J ,;-
(00) Yo Amo a Amr sin Lfmites Un homb unlai do Amor Aquy Ahora


USA der Criminaln- The murders of paroled's betinuncovers a danger- "Amends Eames' late husband's
tent A (CC) to a former cop. (CC) :..- sale escort service. partner is killed on the job. (N)
VH1 **' BROWN SUGAR (2002) **' iDrama) Eminem, Kim Basinger, Brittany Murphy. A Detroit man tries
TayeDiggs, Sanaa Lathan. to ac r a rapper. n
VS Ruger's Adven- Outdoor Adven. The Wor :fd t ngU Luis Melendez vs. Fernando Montiel. (Live)
*G tures tures Berettn Qob : "'s
(:00) America's TRAIL OF TEARS (1995, m Dawber, Katey Sagal, Jeffrey WGN News at Nine (N) A (CC)
WGN Funniest Home Nordling. Two women join to t.fld their kidnapped children. C
Videos A (CC) (CC) ,
Family Guy SmalIville "Kara" Clarkafld Latural Sam and Dean hunt CW11 News at Ten With Kalty
WPIX Chrs discovers discover his cousin Kara undrds of demons that es- Tong, Jim Watkins (N) (CC)
his roots. (CC) ship; Clark's superhero tlfi nl ed from the Devil's Gate.
Jeopardy! (N) Dr.Phil (CC) w (N) Jeopardy "Back Frasler Frasier Fraser (CC)
WSBK (cc) '. ..... to SchoofWeek" builds a house.
A (CC)

(:45) The Heart- Inside the NFL A (CC) Little Rock Central: 50 Years Lat (:15) D.L. Hughley: Unapologetic
HBO-E breakKid: HBO r A'L': (CC) The comic performs at the Lincoln
First Look A nTheatre in Washington, D.C.
(:45) **) MIAMI VICE (2006, Crime'Drama) Colin Farrell, Jamie Foxx, Gong Li. Premiere. Tell Me You Love Me Katie is
H BO-P Detectives Crockett and Tubbs take on drug lords in South Florida. A 'R' (CC) shocked when Dave joins her at
Therapy. (CC)
(:00) * THAT THING YOU DO!(1996 ~*, CHEAPER BY THE DOZEN 2 (2005, Comedy) (:45) The Heart-
HBO-W Drama) Tom Everett Scott, Liv Tyler. S mall ,Eit Martin, Bonnie Hunt, Piper Perabo. The Bakers' break Kid: HBO
ers hit it big with a catchy single. A 'PG' % ton'tums competitive. A 'PG' (CC) First Look A


(:00) * AFFLICTION (1997, Drama) NFkNdt 4 tAMERICAN BEAUTY (1999, Comedy-Drama) Kevin Spacey,
H BO-S Sissy Spacek, James Cobum. A small-town she Annette Bening, Thora Birch. An unhappy husband rebels against his sti-
comes unhinged, A 'R' (CC) fling existence. A 'R' (CC)
S45) **t CAPE FEAR (1991, Suspense Ott lro, Nick Nolte, Jessica Lange. *a THE TEXAS CHAINSAW MAS-
MAX-E Premiere. An ex-convict takes revenge on t.laWyer Whb'betrayed him. A 'R' (CC) SACRE: THE BEGINNING (2006)
_Jordana Brewster. 'R' (CC)
:4A *s FIRST KNIGHT (1995, Advertu* YOU'VE GOT MAIL 1998, Romance-Comedy) Tom Hanks, Meg
M MAX onnery, Richard Gere. The evil Mal ''PCker Posey. Two bier business rivals conduct an online love af-
the peace of Camelot. A 'PG-13' (C 'PG' (CC)


SHow


(:45) * WORLD TRADE CENTER (2006, Drana) Nicolas Cage, Michael Pea, Mag- Dexter "It's Alivel" (iTV) Dexter is
Die Gyllenhaal. TV. Port Authority officers8t lapp~ d (ubble on Sept. 11. 'PG-13' unable to kill again. (CC)
(CC) ,'


5:45) ** THE **
MAN IN THE I ln"ti
IRON MASK nA drif'l


45LOVE COMES TO THE EXECUTIONER 2004,
r Ionedy-Drama) Jonathan Tucker. A prison worker falls
for his brother's ex-girfhiend._A 'R' (CC)


TWMQ


r :9


1~1: (i
)d I:
i~ ..i.
- ';


I m a . -


_ _ I___________ ____~__~___


i* nii


;;


THURSDAY EVENING


OCTOBER 4, 2007


~a.









THURSDAY, OCTOBER 4, 2007, PAGE 23


THE TRIBUNE


INTRNAIOALNW


Jimmy Carter faces down Sudanese security in



Darfur over meeting with refugees from conflict


KABKABIYA, Sudan
FORMER President Carter got
in a shouting match Wednesday
with Sudanese security services who
blocked him from a town in Darfur
where he was trying to meet with
refugees from the ongoing conflict,
according to Associated Press.
The 83-year-old Carter walked
into this highly volatile pro-
Sudanese government town to meet
refugees too frightened to attend a
scheduled meeting at a nearby com-
pound. He was able to make it to a
school where he met with one trib-
al representative and was preparing
to go further into the town when
Sudanese security officers stopped
him.
"You can't go. It's not on the
program!" the local security chief,
who only gave his first name as
Omar, yelled at Carter, who is in
Darfur as part of a delegation of
respected international figures
known as "The Elders."
"We're going to anyway!" an
angry Carter retorted as a crowd
began to gather. "You don't have
the power to stop me."
U.N. officials told Carter's
entourage the Sudanese state police,
could bar his way. Carter's traveling
companions, billionaire business-
man Richard Branson and Graca
Machel, the wife of former South
African President Nelson Mandela,
tried to ease his frustration and his
Secret Service detail urged him to
get into a car and leave.
"I'll tell President Bashir about
this," Carter said, referring to
Sudanese President Omar al-
Bashir.
Carter later agreed to a compro-
mise by which tribal representa-
tives would be brought to him at
another location later Wednesday.
But the refugee delegates never
showed up.
The Darfur conflict began when


ethnic African rebels took up arms
against the Arab-dominated
Sudanese government, accusing it
of decades of neglect. Sudan's gov-
ernment is accused of retaliating
by unleashing a militia of Arab
nomads known as the janjaweed
- a charge it denies. More than
200,000 people have been killed
and 2.5 million displaced in four
years of violence.
The conflict has also affected
Darfur's neighbors, Chad and Cen-
tral African Republic. On Wednes-
day, French officials said a force of
3,000 European troops could begin
deploying to those countries next
month to protect refugees and oth-
er civilians caught up in the
spillover violence.

Operation
One official said the operation
would coincide with the start of the
long-awaited deployment, expected
this month, of a 26,000-member
joint African Union-UN force in
Darfur itself.
Tensions are running high after
rebels overran an AU peacekeep-
ing base in northern Darfur over
the weekend, killing 10 in the dead-
liest attack on the beleaguered force
since it arrived in the region three
years ago.
Most of the Darfur refugees
appeared too frightened to speak to
Carter's team in Kabkabiya, a
North Darfur town that has long
been a stronghold of the pro-gov-
ernment janjaweed militia.
. Branson said some refugees had
slipped notes in his pockets. "We
(are) still suffering from the war as
our girls are being raped on a daily
basis," read one of the notes, trans-
lated from Arabic, that Branson
handed to The Associated Press.
The note said that on Sept. 26, a
group of girls had been raped, and


a refugee had also been shot two
days ago. Branson said it had been
handed over by an ethnic African
man.
The visit by "The Elders," which
is headed by Nobel Peace laure-
ates Carter and Desmond Tutu, is
largely a symbolic move by a host
of respected figures to push all sides
to make peace.
Tutu led a separate group to a
refugee camp in South Darfur,
where he told British Broadcasting
Corp. radio that the joint AU-U.N.
force was needed immediately to
bolster the overwhelmed African
force on the ground and help
restore stability to the area.
"It's awful that AMIS (African
Mission in Sudan) should be
allowed to be here when it is so
inadequately equipped I mean
they couldn't evacuate their injured
from the camp after the attack
because they don't have military
helicopters," he said, referring to
the rebel attack on the AU base in
northern Darfur.
The U.N. mission in Sudan
deemed it too dangerous for Carter
to visit the refugee camp. Instead,
he flew to the World Food Pro-
gram compound in Kabkabiya,
where he was supposed to meet
with refugees, many of whom were
chased from their homes by militias
and government forces.
But as the meeting was set to get
under way, none of the non-
government refugee representatives
arrived, and Carter decided to walk
out into the town to try to talk with
them.
"We are in the security field.
We're not that flexible," said the
security chief, Omar, after the con-
frontation ended. He said Carter
already breached security once by
walking to the school and would
not be allowed to breach security
again.
"This illustrates the challenges


The Partners and Staff of:


GLINTON I SWEETING


O'BRIEN


that communities and humanitarian
workers face in Darfur," said Orla
Clinton, spokeswoman for the U.N.
Mission in Sudan who witnessed
the incident.
Carter later returned to the
North Darfur capital of El Fasher
and where he was planning to meet
with community representatives lat-
er Wednesday.
"The Elders" delegation is trying


to use their influence at a crucial
time with peace talks in Libya
and the deployment of the AU-
U.N. peacekeeping force to begin
later this month.
Carter said he felt the trip was
proving effective. He said al-Bashir
told him this week that Sudan has
committed $100 million to a fund
for Darfur's reconstruction and
another $200 million has been


pledged by Chinese diplomatic
allies.
Carter said the main goal of the
three-day visit to Sudan was to seek
guarantees for free and fair elec-
tions throughout the country in
2009. Observes fear the elections
could be postponed and warn this
would imperil the fragile peace in
southern Sudan and worsen the
conflict in Darfur.


Get the door.



It's Domino's


Limited Time Offer.

Carry Out Only


Eight convenient locations to serve youl
East Bay 393-8000 Cable Beach 327-8000 Mall at Marathon 3
Golden Gates 361-8000 Blue Hill Road 325-3998 Harbour Bay 393-8;

Grand Bahama: Port Lucuya 373-8000 Queen's Highway 352-3802


93-8080
300


t'i'.


The Bahamas has approximately 15,000 hotel

rooms that must be furnished, decorated, and

stocked with supplies. Meanwhile, 80 cents of

every dollar earned through tourism is sent back

abroad to purchase goods. Let's make more

products at home.


MT sAM.AMAlq


COUNSEL & ATTORNEYS-AT-LAW

are pleased to announce that


DARELL M. TAYLOR


has joined the firm as an Associate Attorney. Ms. Taylor

brings to our firm her experience as a former litigator

and commercial attorney of both the Offices of the

Attorney General and the Securities Commission of The

Bahamas. We look forward to her strengthening our team

and.enhancing our ability to provide clients with efficient

and effective legal services.


(.


THE TRIBUNE


: ~;~
i: ' -I









S THE TRIBUNE


Effective September 19th,


each GSM postpaid


subscriber will have a


credit limit


99


S


--F- -.


I


be to
available "to you onvyour


,*AA ''


*AA* A."

.AA, -


ium dollar-anmount that is

GSM postpaid accunt
xl :accoun






.L~~. .t. tc-
'.- A:'*'t". A. ".
":-~~~~ ~~~~~~~~~~~~~~; --.:. .. '-... ;-,-: .-.... .' -,
. " . j _. . .. : r.. , . . . .: .[ . t
: [ : -tZ .t . . : L : '" - ".
'~~~ ~~~ ,~) ,` ,., . I o. . -' ,'-
..,~~~ -." -.--. .-- : .'" v.' .
..; . . ; -, .. .:.-:. .( .,._, -.. :,.;.. -
-,. fi : . .':' "; ., ; ;. .. ::''. '- - . -:ii', ; '. : -.
: .. .' ,:: -_, ;. : :; : '.: .- -.1 ''. ":: -' .': : . . ,' ' .. .. .

.... ~ ~ ~~~~~~~ -' ... .. ,,.',,'o'.- -.. .- .:.-- -,-. ',-
,. . .. ,, .. ..% y ....{ ,, ., , . . ,. ,, ,-s , -
.. . ,- : : .o
', -, ., . .. v ;
. . : . i . . _,
~ ~ ~ ~~ ~ ~~~~: ,., ,,,-.". ., . ,,. ,,
.. ... , . ., ,, :- :,..., ,, # :. .. . :.': .. v
, . . -. ... ,." -: , ,,: '
; ." ' ' .:/ :- ." . : . .: :
' .- ,' ." ~ r -. .. ' ,
,, ,-1- ' .: ' . :
~~~ ~ ~ ~~ ." :.'- -. ,'


%"N'"A%;~-*


* .


YOUR CONNFCT ION ro THE WOvtRLo m ..


* A.' ,.
. .*. .. .. r .
...A
\ ^:'''''^ ^ *^


79.. jr-g g AAA AJA
A .A AA .A,
'A ~ .AA ~ AA 4! .A )A A


PAGE 24, HU-11 J ,


'"


z .
:'i II ' :..
:
"'
r
~;
i'
'
L~ rl~l
;-


:
'* I
i; .~
"" ;
I












THURSDAY, OCTOBER 4, 2007


SECTION


L~-I -


business@tribunemedia.net


Morton Salt faces





'tremendous loss'


Bahamas can be


'gateway' for


investment by


Chinese firms


* By NEIL HARTNELL
Tribune Business Editor
MORTON Salt yesterday
warned that continued heavy
rainfall meant that the company
.wdas likely to run out of salt to
harvest by end-November 2007,
raising the spectre of reduced
work weeks or temporary lay-
offs. This year's total harvest is
expected to be just 40 per cent of
the normal 1.2 million tonnes
production, "a tremendous loss".
Glen Bannister, Morton Salt's
managing director, told The Tri-
bune that while the company
was still harvesting salt and its
104 non-managerial workforce
fully employed, "the rainfall has
not eased up".
Inagua had experienced five
to six inches of rain in August
and, having entered the tradi-
tional September-December
rainy season, had sustained
another six inches of rain in
September.
Mr Bannister said Morton
Salt's salt pans usually received
10 inches of rain throughout the
September-December rainy
period, but with more than half


* Continued heavy rainfall on Inagua means company may run
out of salt to harvest by end-November, leading to reduced
work week or lay-offs that could last till March 2008
* Year's production likely to be 500,000 tonnes, 40% of nor-
mal annual turnover
* August rainfall leaves company with 60,000 tonnes, a
240,000-tonne shortfall, after 1/5 of an inch cake growth


this amount having fallen last
month, and with rain falling on
Inagua yesterday, "it doesn't
look good for October".
Rain melts the salt in Mor-
ton Salt's pans, and Mr Bannis-
ter said that rather than experi-
encing one inch of salt growth in
August as anticipated an
amount that would have trans-
lated into 300,000 tonnes for
harvesting growth was only 1/5
of an inch.
"What we had in August was
actually 60,000 tonnes," Mr
Bannister said. "We had a


shortfall of about 240 tonnes
because of that rain.
"It's going to seriously impact
us down the road. It means the
harvest will not last as long as
anticipated.
"We're still getting excessive
rainfall and that's going to hurt
us. All that means is that in
November we will run out of
salt cake to harvest, and we will
then have to make a decision
on whether to go for a reduced
work week or having to lay peo-
ple off. We will beout of salt to
harvest by the end of Novem-


ber."
To avoid that scenario, Mr
Bannister said Morton Salt
needed "no more rain, period".
Yet this looks increasingly
unlikely, given the six inches
that fell in September compared
to the three-to-four inches that
normally fell.
The impact on Morton Salt
could be wide-ranging and long-
Slasting, Mr Bannister indicated,
as no salt was traditionally
grown in the rainy season.
SEE page 12B


M By NEIL HARTNELL
Tribune Business Editor
China presents opportuni-
ties for the Bahamian finan-
cial services industry that it
should "tap", the Bahamas
Financial' Services Board's
(BFSB) chief executive said
yesterday, providing opportu-
nities for this nation to access
institutional business and
forge links with Chinese indus-
try and companies as they
expanded globally.
Wendy Warren, who is also
the BFSB's executive direc-
tor, told The Tribune that
"China has the potential to be
a very important market for
the Bahamian financial ser-
vices industry", even though
it currently ranked behind the
likes of Korea, India and Rus-
sia for high net worth and
ultra high net worth individu-
als.
However, this potential Chi-
nese client base traditionally
the one that has formed the
bedrock of the Bahamian
financial services industry's
private wealth management


niche is expanding rapidly
due to the country's econom-
ic expansion,
"It is important for the
opportunities to be tapped,"
said Ms Warren, who has just
returned from the second Chi-
na-Caribbean Economic and
Trade Cooperation Forum.
But to do so, the Bahamian
financial services industry, its.
institutions and providers,
would have to decide whether
to make the investment and
take the time to learn about
the Chinese market and its
opportunities, the products
that would work, what struc-
tures would be tax compliant
with Chinese law, understand
the Chinese culture and lan-
guage, and be prepared to
adjust to the timezone differ-
ence between the Bahamas
and China.
Ms Warren said all levels, of
the sector would have to work
together if the Bahamas was
to properly tap into the Chi-
nese market, with regulators
recognizingg and accepting" a
SEE page 12B


Albany unable to access hotel incentives, says PM


* By NEIL HARTNELL
Tribune Business Editor


T The $1.3 billion Albany Golf
& Beach Resort is by law
";. unable'to access the customs
duty and stamp duty exemp-
tions under the Hotels Encour-
agement Act that it was granted
under its Heads of Agreement,
the Prime Minister said yester-
day, as these incentives are only
available to hotels open to the
Bahamian public.
Addressing the House of
Assembly, Hubert Ingraham
implied that the investment
incentives granted to Albany,
which were not permissible in
law, were one of the factors his
government and the develop-
ers were grappling with in nego-
tiations over the project's start.


The Prime Minister said yes-
terday that the Hotel Encour-
agement Act's investment
incentives were available only
to resorts, and their related
facilities and amenities, that


* Act says concessions cannot be granted to private members
clubs, only open hotels
* House comments raise questions about whether Christie
government granted incentives that were supported in law
* Concerns on Albany re-routing, marina and condo concessions

were open to the Bahamian "This requirement is stipu- holding vehicle for worldwide nishing and completion of
public, not private members lated in all agreements con- investments made by Lyford Albany's boutique hotel, which
clubs such as Albany. eluded under the Act. By defi- Cay billionaire Joe Lewis, and will be managed by Horst
Mr Ingraham said: "Agree- nition, a private club is barred golfers Tiger Woods and Ernie. Schultz's Capella Hotels &
ments concluded under the from receiving benefits under Els "all the exemptions per- Resorts, the marina, restaurants,
Hotels Encouragement Act the Act." mitted to hotels under the sports and swimming facilities,
require that hotels and related The Albany Heads of Agree- Hotels Encouragement Act". restaurants, shops, fitness cen-
facilities and amenities that ben- ment gives the project's holding The Hotels Encouragement tre, equestrian centre, golf
efit from concessions under the company, Park Ridge Securities Act customs duty and stamp course and clubhouse.
Act remain open to the paying Corporation whose investors- duty exemptions apply to mate-
public (positive access). are the Tavistock Group, the rials for the construction, fur- SEE page 10B

a- MS M 1-MR a_ ::.--_MU..9_


Bahamas bank


facing $330m


claim again


* By NEIL HARTNELL
Tribune Business Editor
A US court has certified a case
brought against Leadenhall Bank
& Trust as a class action lawsuit,
meaning that the former
Bahamian financial institution -
now in liquidation is again fac-
ing a $330 million default judg-
ment and damages claim.
Judge Adalberto Jordan, sit-


ting in the US Court for the
southern District of Florida, after
a September 7,2007, hearing cer-
tified that a case brought against
Leadenhall, its former Bahamian
affiliate, Axxess International,
and other defendants by a group
of investors in the Cash 4 Titles
Ponzi scheme had met the defin-
ition of a class action lawsuit.
SEE page 5B


Doctors hopes


dividend restart


ends share price


'suppression'


* By NEIL HARTNELL
Tribune Business Editor
DOCTORS Hospital
Health Systems (DHHS) yes-
terday said it hoped the
resumption of dividend pay-
ments after a more than six-
year absence would boost its
stock price and trading vol-
umes, the shares having been
"suppressed" without a return
for investors.


,ft.











.1~


I;'!~' j~ v:llP
.4 .4! ..'*)I i~~ II
-.-ie'4
"! 1


"'' "-7-


DHHS has declared a cash
dividend of $0.02 per share,
payable on October 15, 2007,
to shareholders as at record
date October 8, 2007, and the
company is hopeful the resump-
tion of payments will re-focus
investor attention on the com-
pany's fundamentals and ever-
improving financial perfor-
mance;
SEE page 9B


Wo


O S ,


See the World for Yourself with a
Bank of The Bahamas International
Vacation Club Account.

See the wonders of the world and all the world
has to offer. What a wonderful world


Features:
M Emergency vacation assistance
0 Free online banking monthsh)
0 Flexible withdrawals
0 Easy roll over
5 Free prepaid visa
a Welcome gift
0 And much more


Revolutionizing The Way You Bank
Nc% P% dern e Gard B ,ma in l a r..,', i quAl i, a n. .j r a'r
Head OHice Nassau (242) 79'. ,(K
Proud s ner otf the.K 6 2 r:6 E .'~ n .e, %,i% w Fo, E ,'t 'en
dnfl Fmandcal kSr.,e, [De. I'pripemi & Pra -j"4r, Jdi' .00
www.BankBahamasOnline.com
, .. ,:--.. ......


................... .. -. ". .


Money Safe.
Money Fast.

MoneyQrnm.l
Intsnmtlomafiialo k frf

I1 Bank of The Bahamas
INTERNATIONAL
Online at
BankBahamasOnine.com


- ---


I IIC -I -r ~a~r 'n ` 1-II -
















Don't 'bank' on property taxes being




paid when selling foreclosed land


W here a mortgagee is
exercising its legal
remedy of power of sale, and
acts as the vendor of mortgaged
property, it conveys the mort-
gaged property to the prospec-
tive purchaser, subject to such
right and equity of redemption
as is subsisting in the property
by virtue of the mortgage deed.
The power of sale and other
remedies of the mortgagee need
not be expressly transferred,
since they are normally con-
ferred by the mortgage deed
and are therefore made exercis-
able by the mortgagee and its
assigns. It will pass to the pur-
chaser without mention.
As unpaid real property tax
represents a first legal charge
on a property, a mortgagee must
ensure that its security in the
property is protected against
unnecessary claims for non-pay-
ment of real property tax.
However, in relation to the
issue of payment of outstanding
real property taxes on the mort-
gaged property to be sold under
a power of sale, it should be not-
ed that while there may be no
commercial obligation by the
mortgagee to pay the outstand-
ing real property taxes, or incur
legal and administrative costs in


the exercise of the power of sale,
the outstanding real property
taxes represent a first charge
over mortgaged property under
Section 21 of the Real Property
Tax Act 1969 (the RPTA).
And under Section 7(5) of the
RPTA, real property taxes can be
assessed for 10 years retroactively.
More importantly, it should
be noted that the Fiscal Reform
and Tax Relief Act 1990 (the
FRTRA) amended the original
Section 16 of the RPTA by the
inclusion of the following sec-
tions, which relate directly to
the legal obligations) and lia-
bility of mortgagees of mort-
gaged properties subject to the
assessment and levying of real
property taxes

S section 16A (1) and (2)
state that:
(1) Where property is mort-
gaged, under a deed of mort-
gage executed either before or
after the coming into operation
of this section, the mortgagee
of the property shall obtain from
the Chief Valuation Officer a
statement as to the amount of
tax or surcharge relating there-
to, due and payable under the
Act in respect of the property
and, in any case where tax


remains unpaid in respect there-
of, the mortgagee is deemed
also to be the owner of the prop-
erty for the purposes of the pro-
vision of this Act, relating to the
payment and recovery of tax by
and from any owner of property.
(2) Where a mortgagee is
deemed to be the owner of
property under subsection (1),
the mortgagee shall, in accor-
dance with the provisions of
Section 18, pay or cause to be
paid the amount of tax or sur-
charge, as the case may be, due
and payable under the provi-
sions of this Act in respect of
property and, upon payment of
the tax or surcharge in respect of
any period, the mortgagor and
the mortgagee shall respective-
ly be discharged from further


Legal


Ease




liability under this Act for pay-
ment of the tax or surcharge, as
the case may be, in respect of
that period.
But a mortgagee who pays the
tax or surcharge out of his
monies shall be entitled to be
repaid by the mortgagor a sum
equivalent to the amount so paid
by the mortgagee, and for the
purposes of enabling the mort-
gagee to recover that sdm, the
mortgagee may treat that sum
as if, from the date of the pay-
ment of the sum until the date of
its recovery, it were added to the
principal sum which is the sub-
ject of the deed of mortgage."

On a strict interpreta-
tion of the foregoing


Section(s), it appears that the
mortgagee is deemed to be the
owner of the referenced mort-
gaged property and liable to pay
any outstanding amounts due
and owing in relation to the real
property taxes, assessed on the
property.
Of particular importance to
mortgagees is the need to ensure
that the appropriate real prop-
erty tax assessment is made on
the property, whether it is an
owner-occupied property or non
owner-occupied property,
before granting the mortgage
loan to the mortgagor.
This need has become
increasingly relevant to mort-
gagees, notwithstanding the
exemptions for owner-occu-
pied property, outlined in Sec-
tion 2 of the Real Property Tax
(Amendment) Act 2002, since
owners of such properties who
may be entitled to the statuto-
ry exemption are required to
disclose to the Chief Valuation
Officer any change in their
occupation that may not allow
them the statutory exemption.
The potential liability and/or
legal obligation of mortgagees
exercising a power of sale
should not, in itself, deter or in
any way delay the sale of the
mortgaged property.


In certain cases, the prospec-
tive purchaser may agree, in
some cases, to accept liability
for the payment of outstanding
real property taxes on the mort-
gaged property, only after the
sale of the property and subject
to receipt of some indemnifica-
tion, guarantee, or assurance,
on the part of the mortgagee,
as to the perfection and efficacy
of the security interest being
sold.
NB: The information con-
tained in this article does not con-
stitute nor is it a substitute for
legal advice. Persons reading this
article and/or column, general-
ly, are encouraged to seek the
relevant legal advice and assis-
tance regarding issues that may
affect them and may relate to the
information presented.
2007. Tyrone L.E. Fitzger-
ald. All rights reserved.
Tyrone L. E. Fitzgerald is an
attorney with Fitzgerald &
Fitzgerald, Counsel, Attorneys-
at-Law, and Notaries Public.
Should you have any comments
on this article, you may contact
Mr Fitzgerald at Suite 212,
Lagoon Court Building, Olde
Towne Mall at Sandyport, West
Bay Street, PO Box CB-11173,
Nassau, Bahamas


.I. .l -


CFAL's Family of Funds.

Proven Performance. Year in. Year ot


It.
Jt










1 ,. 'r -, ," -'
.S..


Conservative Strategy


YTD Return (Aug. '07): 4.30%

Annualized Return: 6.15%
Since Inception
Cumulative Return: 26.98%
Since inception


Aggressive Strategy


YTD Return (Aug. '07): 17.11%

Annualized Return: 13.33%
Since inception
Cumulative Return: 46.69%
Since inception


Balanced Strategy


YTD Return (Aug. '07): 15.47%

Annualized Return: 8.61%
Since inception
Cumulative Return: 188.69%
Since inception


Or consider our Money Market Fund. You'll earn iout 4% annually with no penalty for w 'k iy
withdrawals. Plus no front or backI end fee;: fo;r any our Funds!


CFA L"

Brokerage & Custodial Services Investment & Mutual Funds
Pension Administration Shareholder Services

T: 502-7010 F: 356-3677 info@cfal.com www.cfal.com


our


i.ith Cheese


I'm lovin' if


on


=mom,


I


__


THE TRIBUNE


PAGE 2B, THURSDAY, OCTOBER 4, 2007


:I I


.. ^ *. t '





dw, 60',%,;
-b',. . .. i 'IB T v
,, .' r.- .




[.,., .+ :,'.".. ..e~~f ...
'';- :. '* i^ l

















Suspicious transaction reports up 14% in '06


SBy CARA BRENNEN-BETHEL
Tribune Business
Reporter
The Financial Intelligence
Unit (FIU) received a total of
203 suspicious transactions
reports (STRs) during 200(, a
14 per cent increase over 2005.
Some 42, involving assets total-
ing $19).137 million, were passed
on to the police for investiga-
tion.
Prime Minister Hubert Ingra-
ham yesterday tabled the Fl U's
2(X)6 annual report itn the House
of Assembly.
According to the figures, of
the 203 reports, 42 were passed
on to the police, 129 were
closed and 32 cases are still
pending. The total reported val-
ue of all the assets involved in
the 203 STRs was $236.330 mil-
lion.
.The majority of reports
came from offshore banks-
118, followed by domestic off-
shore banks 51, and domestic
banks -23. Few reports came
from institutions such as stock-
brokers, financial advisors,
trust companies, Bahamian
regulators, casinos, govern-
ment ministries and real estate
brokers.
The average value of assets
that were the subject of STR
reports was $1.164 million,
while the average value of
reports passed on to the police
totalled $455,640. The average
amount of assets in closed
reports totalled $1.145 million,


and the average value of pend-
ing reports totaled $2.170 mil-
lion.
Anthony Johnson, the FIU's
director, said: "Trends in the
reporting of Suspicious Trans-
actions remained consistent
with those of previous years,
with 94 per cent of such reports
originating from the banking
sector.
"Two reports were received
relating to terrorism financing.
The ubiquitous Nigerian Scam
letter continued to present a
wide array of permutations,
prompting the issuance of a
'Public Notice' by the'FlU in
August 2006 advising caution.
"Requests for assistance from
foreign financial intelligence


* $19m assets involved in reports sent to police


units related primarily to the
banking and trust sectors. The
majority of such requests
emanated from the United
States of America, Luxem-
bourg, Bulgaria and Bolivia."
He added that a revision of
the 2001 suspicious transac-
tions and anti- money laun-
dering guidelines began in
August 2006, with exclusive
focus on the reporting of STRs
and the extension of the guide-
lines to include financing of
terrorism.
"The revision was also pro-
moted by the need to keep pace
with emerging trends in the
financial services industry, both
locally and internationally," Mr
Johnsoi, wrote.
The F1U report indicated its
total staff complement


remained unchanged, save two
analysts, and the organisation
also continued to invest in staff
training.
Further improvements to the
unit include the launch of an
online document scanning stor-
age and retrieval system amend-
ment to the FIU regulations
2001, launch of a dedicated
website development, a com-
prehensive Career Path Manu-
al and formulation of a Nation-
al Anti- Money Laundering
Strategy.

Pottery Classes
rNew Providtence Corntunity Centre
Blake Road
Ph#:525-7857, 327-1660
Slr rling Satr Iday, 13 October
jWedinesday, 17 October


( ',,'/Ic :. II ., , ',. .;*






It /I' L' I ,


llt'.Jl' I. .'' :. '! I


to be a part of our WOW service team.


CERTIFIED PROFESSIONAL CODER
(HEALTH INFORMATION MANAGEMENT DEPARTMENT)

Qualifications:
Certified Professional Coder
Certified Professional Coder Hospital
Certified Coding Specialist
Associates Degree
2 years experience in Healthcre environment
Strong computer literacy
Excellent communication, organizational and interpersonal skills
SAbility to work independently
Position Summary:
Be responsible for abstracting diagnostic and procedural codes in hospital's
information system
Assign diagnostic and procedural codes for hospital's reimbursement
Generate and maintain statistical reports
Conduct audits
Monitor physician's chart deficiencies
Compile discharged patient's records
Be responsible for filing and retrieving patient's records.
Be able to consistently manage multiple priorities and adapt easily :i a rapidy
changing environment.
Excellent benefits I Salary commensurate with experience

l DOCTORS HOSPITAL

Please submit resume to: Human Resources Department 1 Doctors Hospitas
-. .... r: 5 r r, ;I r-i..ju hj,'io oi' .*-.46T'78 Wiebs!ite:;sww.doorshsC:;s.


Grant Thornton i


The Partners of Grant Thornton Bahamas. Mlr.
Paul 'Andy' Gomez and IMr. Patrick E. Smith.
are pleased to announce the appointment of Mr.
Kendrick Christie. 33. to Grant Thornton
Bahamas, as a partner in the Assurance and
Ad\ is i Dleparitment v, ith effect from October
1. 200i".

Mr. (_'InIiste is a 1 hilartered Accountant and a
Certified Flauid l-\amineitl. He obtained an
.AssociA. [a c Degree in \ccountinA fIrom the
College of 1 lie Bahamas in 1991 and \vas the
recipiei ofl the \ithur Young .-\\ard gi\en by
Ernst & 'i Yotn ior Ibeing tle top accounting
student in C'()[OB's graduating class of 1991. NMr.
Christie latei Lraduated I'rom hlie Uni ersil\ of
South (C'al olina in 1)5 '\ it It a Bachelors Degree
in \Accolnn11111I (Cum LIaudeI and lsuccessfull\
completed all paits olf Ihe Uniform CPA
F xa inaiinii iin the Spring of 1 '96.

Mr. (.hrisle v.w worked in the Nassau office of
Deloitte &: louclihc or ten ( I(1 \cars leading
as a Senor l Manager in the \sturance and
Ad\ is oi\ dparimein. .\t Deloitte & Touche lihe
\\ortked on diverse enlliW'emenits including a
number ol LIui e companies in the financial
Weri ice, idiiti ies. particularly\ mutual funds.
comm0nccial banks, ,l'ldliore banks and trust
companies. lie led the Deloiltc's Qualified
Inteimel di.i', (i"()l" I nitil specializing in LiSA
la\. .111'i.Cli'd ilpln p loLedures enll'agellenl Is and
aisisled l,) 's in I'lillIin. their reporting
reLtuiIeilCmnhi"s hi itc IniC'rnal Re\ ltenue Ser\ ice
of The I iniied Stat.ies \merica. Most recently\
M i. ('Ini,,ie \\,l keCd it the BBank of' The
Bahamas L iniited a's the Financial Controller
in the Corpo;ile Finance departIment
coordiliaini-' tlie Iln lncial reporting requirements'
and the iinlnuial :audit process.


In June 2005 Mr. Christie was elected President
of The Bahamas Institute of Chartered
A. countants ("BICA"), the umbrella
organization for professional accountants in
The Bahamas, a position he held until June
2007. BICA represents approximately 500
members as well as the accounting profession
both locally and abroad.

NMr. Christie is currently Treasurer of The
MNethodist Church of The Caribbean and The
\Americas, The Bahamas, Turks and Caicos
Islands Conference, Second Vice-President of
The BalIamas Institute of Chartered Accountants
and a Director of the Institute of Chartered
Accountants of The Caribbean (ICAC).

I-le enjoys giving presentations to various
organizations, some of which include: "Loan
Loss Provisioning", "Small Businesses What
Do Accountants Have to Offer", and "The Role
of Board Directors." Some of his community
projects include serving as the BICA
representative on The Bahamas Against Crime
Conmmitee and in the past as treasurer for The
Bahamas, for Hurricane Katrina Victims telethon
in The ISA. He is married to Cynthia Yvonne
Colemian and they have one child.

Grant Thornton Bahamas is the Bahamian
nl'iimlbc' 1inrn of Grant Thorntoh International
L imited ("GTIL"), the world's fifth leading
origanilzation of independently owned and
managed accounting and consulting firms
pro\ hiding assurance, tax and specialist advice
to pri\ iatly held businesses and public interest
entities. Grant Thornton International
i\\\\\ \\ .grantthornton.com) operates in 113
countries in 521 offices worldwide. Grant
Thornton (Bahamas) is comprised of thirteen


I IR. KENDRICK CHRISTIE


professionally qualified accountants as part of
a total staff of twenty four.

Managing Partner Paul Andy Gomez states that
these are exciting times in the accounting
profession, and Grant Thornton Bahamas has
in the past two years invested significant
resources in training and technology to comply
with Grant Thornton International's paperless
auditing methodology. GTIL's Intranet, which
is called GTInet, allows GT Bahamas to interact
with other GT offices around the world to
resolve accounting and consulting issues
promptly. Mr. Gomez further states that Mr.
Christie's wealth of audit and financial
experience will be a tremendous asset to Grant
Thornton Bahamas as the Firm expands
throughout The Bahamas, Turks and Caicos
and The Caribbean.


OD E LTA






I, l I

I ^ '

S1L.. #..&

i '.

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


. I 'i' ''' "

Dowdesweli Street
Behind Scotia Bank

"Monday- Friday


MALTA
NOTICE
The government of Malta requires its Nationals to register their
residence in The Commonwealth of The Bahamas as soon as possible
with the Honorary Consulate of Malta, P.O. Box N-8652, Nassau or
Fax: 242-327-7391 or email: maltaconsul.nassau@gov.mt
The purpose of this registry is for use at times of Emergencys so that
the Consulate will be able to ensure that all Citizens residing in The
Bahamas are safe or in the case of being injured or otherwise they
will be able to assist and contact their next of kin. Such Registration
must include Full Name, as on Passport Passport Number Malta
Id. Number Bahamas street address Bahamas P.O. Box address
- telephone fax and e-mail address and a family contact in Malta
including a telephone number.
Signed: G.J. Wirth, Hon. Consul.of ',1alt" '. '- ..r.: ?
-' ,. .__ _


r I


----------- ----.-- -----~I~--~-- ~_---,,,,_~___ 1


THURSDAY, OCTOBER 4 2007, PAGE 3B


IPRNRi



APOITMNT


p
.I
1


THE TRIBUNE


sl~
I*1,















Fidelity confirms

Residential real estate developer is seeking a guest relations coordinator. This
person will meet and grcct prospective buyers and will assist the sales team. The
successful candidate will possess the following experience and qualifications: We llS tt

* Successfully completed high school, with C+ or above in all major subjects. Wes
* Excellent communications and administrative skills FIDELITY Bank (Bahamas)
* Goal-oriented team player. yesterday confirmed that Wal-
Flexible sc e (s/w s/hlids as s ter Wells was appointed to its
* Flexible schedule (Nweekdays/weekends/holidays as schedule). Board of Directors at the bank's
* Ability to follow standard (and detailed) office/administrative procedures annual general meeting
(AGM).
* Professional appearances and demeanor Mr Wells, a 32-year banking
S t literary industry veteran who held
Compui senior positions with Common-
* Previous experience in the hospitality industry, preferred. wealth Bank and First-
Caribbean International Bank -
(Bahamas), is now president I"
Competitive salary plus bonus tied to results. and chief executive of
Caribbean Bottling Company
(Bahamas). He serves on three
Interested persons should submit their resume to: other Boards.
The Office Administrator Sir William Allen, Fidelity
Bank (Bahamas) chairman, said
Email: eknowles@hll-bs.com of Mr Wells' appointment:
"Frankly this is what we were
Fax:242-373-1364 looking for in our next board
member. Someone in our line of
business with a varied and life-
time experience, but still with
a modern, fresh perspective.
Se the G i o ave with "Mr Wells joins an already-
e the Gift of Travel with talented Board, and one that is an important, dynamic and William and Mr Wells, are
supportive of our senior man- innovative banking institution." Anwer J. Sunderji, Alfred H
PI y -w I agement's efforts to further Fidelity Bank (Bahamas) Stewart, Lenworth C Smith and
Cernler i neW r a build and position Fidelity as directors, apart from Sir Dr Franklin Walkine.

Northwoods Hidea p 8 Models To Choose Fromt

s tutry 44- -.v .ni b h d P a



RE i1' RETR AV!L. I Share

... your

S... f..... The Tribune wants to hear
Si ann A n cary Build.. Dow. swell ..- from people who are
SO r y making new, c s in their
~ .. O neighborhoods. Perhaps
.J, p., .you are raising funds for a
S, .........- ..... .. good cause, campaigning
PREM....IER TR" 'for improvements in the
#57 Collins Avenue Carey Building, Dowdeswell Street area or have won an
, ......ueTel: 322-1101'O3 Laura award.
024 / 328-0257 Mond Frday.............. If so, call us on 322-1986
83228 5-0264 www.luke2aidaurator. om.c and share your story.

if I;


1. ASSISTANT WAREHOUSE SUPERVISOR
Must be competent and experienced in
warehousing and deliveries,



2. APPLIANCE REPAIR TECHNICIANS
Must be competent, experienced and able
to work without direct supervision.



Please send resume along with first 4 pages of passport,
a police character certificate, and copies of
certifications) achieved from reputable institutions) to:



Human Resources Manager
PO. Box N7220
Nassau, Bahamas.



Deadline for receipt of applications is October 8th, 2007.


EMPLOYMENT OPPORTUNITY
SECURITIES COMMISSION OF THE BAHAMAS

The Securities Commission of The Bahamas (the Commission), a statutory
agency responsible for the oversight, supervision and regulation of the
investment funds, securities and capital markets in or from The Bahamas,
invites applications from qualified Bahamians for the following position:

Officer: Policy and Research Department

Responsibilities:
Monitoring of international developments and initiatives that impact the
local financial services industry
Collection, compilation and analysis of industry data
Preparation of statistical and analytical reports
Assisting with external publications
Assisting with updating of the Commission's website
Maintenance of Commission's Information and Resource Centre
Provision of administrative support to the Department, including but not
limited to maintaining activity tracking reports and the filing system for
Department

Qualifications and Experience:
Two years experience in a financial setting
Undergraduate degree in finance, accounting, or economics
Document use and the ability to find information
A high degree of accuracy and the ability to compose clear, concise
reports and analysis
Numeracy
Working knowledge of the securities industry and the relevant legislation

Competencies:
Excellent oral and written communication skills
Well developed analytical and problem solving skills are essential


A competitive salary and benefits are being offered. To apply, please provide a
resume to the attention of:

MANAGER CORPORATE AFFAIRS
SECURITIES COMMISSION OF THE BAHAMAS
P. O. BOX N-8347
NASSAU, BAHAMAS
Fax: 356-7530
E-Mail: info(scb.gov.bs

Applications should be submitted no later than
October 11th, 2007


THE TRIBUNE


PAGE 4B, THURSDAY, OCTOBER 4, 2007










THE TRIBUNE


City Markets appoints chief operations officer


Bahamas Supermarkets,
operator of 12 City Markets
stores in Nassau and Grand
Bahama, has appointed a 27-
year veteran of the retail indus-
try as its chief operations offi-
cer.
Stephen Boyle will be respon-
sible for monitoring Bahamas
Supermarkets' daily operations,
and will oversee all aspects of
retail operations, procurement,
merchandising and warehous-
ing.
He will work directly with
Bahamas Supermarkets Board
of Directors and company chief
executive Ken Burns.
"We are pleased to have Mr
Boyle join our team at Bahamas
Supermarkets," said Mr Burns.
"His background and exper-
tise will add additional depth to
an already strong management
group. Like so many of us, he
comes with a story of starting
out as an entry-level employee
in the store who, through hard
work and dedication, ended up
as one of the company execu-
tives.
"Now he brings to our com-
pany that wealth of knowledge.


We look forward to working
with him and benefiting from
his practical experience in dif-
ferent countries."
A Scottish native, Mr Boyle
has held senior management
and executive positions in retail
purchasing and marketing in
Bermuda, Egypt, Saudi Arabia,
Cyprus and Trinidad, where he
was chief executive of a major
Caribbean food retailer.
"I joined the retail industry
as a trainee butcher after
school," said Mr Boyle.
"1 worked my way through
all departments up to store
manager, area manager, then
regional manager of 69 stores. I
am passionate about retail and I
believe that shopping has
become a social activity rather
than a chore.
"Therefore, our stores must
provide the kind of atmosphere,
value and experience that builds
loyalty among a constantly
increasing market share."
Bahamas Supermarkets
employs 700 people and is
involved in many aspects of the
community, including the
Bahamas Supermarkets Schol-


arship Foundation, which has scholarships to Bahamian stu-
awarded $7.9 million worth of dents since its inception in 1968.


Bahamas bank facing




$330m claim again


FROM page one
Judge Jordan said the evi-
dence presented to him showed
that the three plaintiffs bring-
ing the action, Robert Wolffs,
Edward Turner and Grey Wolf
Holdings, and other class action
members had net losses of $110
million from the Cash 4 Titles
affair.
Then, using the Racketeer-
ing Influenced and Corrupt
Practices Act, Judge Jordan
entered a default judgement
against Leadenhall Bank &
Trust and Axxess International
that tripled the $110 million fig-
ure to $330 million.
'Cash 4 Titles was a fraudu-


lent Ponzi investment scheme
that Leadenhall had provided
financial services to, but Judge
Jordan had previously only
awarded $1.04 million in dam-
ages to the three plaintiffs in
the action because the litigation
was not certified as a class
action.
However, his latest ruling
overturns this. Judge Jordan
found that there were more
than 1,000 members involved
in the Leadenhall class action,
and enjoining all was "imprac-
tical".
"The class alleges that the
defendants [Leadenhall, Axxess
and others] were part of a com-
mon scheme of fraudulent con-


duct, specifically a scheme to
misappropriate the funds invest-
ed by the class members in the
Cash 4 Titles enterprise," Judge
Jordan found.
"Both the class members and
the named plaintiffs invested in
the Cash 4 Titles enterprise, and
allege that they suffered losses
as a result of the defendants'
misappropriation of the monies
they lent."
Yet as there is no judicial
comity between the Bahamas
and the US, the former Cash 4
Titles investors will not be able
to enforce their $330 million
default judgement and damages
claim here.
Nor do the Bahamian courts
recognize class action lawsuits, a


further difficult 'for the
investors, who have taken
action in the Florida courts in
an attempt to avoid having to
come to the Bahamas.
Leadenhall, because it is in
liquidation, has minimal assets
to claim against, nor does it
have any ties to the US or assets
that could be frozen there.
As a result, the Cash 4
Titles investors will have no
option but to bring an action
against the bank in the
Bahamas if they wanted to
pursue their quest for dam-
ages, and would have to stand
in line along with other credi-
tors before receiving a pay-
out. They could not be made
preferred creditors.


IS LOOKING FOR:n r~l
s pp-













mentsinvntry ofieokndthailt


MINISTRY OF WORKS & TRANSPORT
&

KNOWLES CONSTRUCTION AND DEVELOPMENT COMPANY LTD.









MILO BUTLER HIGHWAY EXTENSION TO

CARMICHAEL


ROAD IMPROVEMENT PROJECT


IMPORTANT PUBLIC SERVICE

ANNOUNCEMENT



The Ministry of Works & Transport and Knowles Construction &

Development Company Ltd. wish to inform the public that the road

improvement works on Milo Butler Highway from Tonique Williams-

Darling Highway to Carmichael Road will commence on 1st October, 2007.


The Public is advised to observe the construction signs pointing out the
temporary traffic management.

Please drive with care and caution in the construction zones.


We apologise for any inconvenience whilst we endeavor to improve the
road network in New Providence.


THURSDAY, OCTOBER 4, 2007, PAGE 5B










PAE ,B THRDY OCOE 4.07T TIUEBSNS


w


IVSMNOPRUI


I I __


Eleuthera Island Shores Subdivision LOT NO. 1, BLOCK NO. 45,
All that piece parcel oi lot of land having an area of 9,644 sq. ft. being lot #1 in block 45, Section "E" in the subdivision called and known as
Eleuthera Island Shores Subdivision, situated in the vicinity of Hatchei bdy harbout, on ii- island of Eleuthera, one of the islands of the
Commonwealth of The Bahams. This site encompasses a two ;torey building which is approximately 14 yrs old and is abandoned. There is a
wooden landing approximately 7'-4" wide by 20'-0" on the uppei level, approximately 1,610 sq ft. of enclosed living space, with 3-bedrooms,
2-bathrooms, front room, dining room, den, kitchen, and utility room. The wooden porch on the upper level is approximately 148sq. ft. There
is also a water cistern under the dining room floor area. All utilities and services available.


This property is situated in Eleuthera Island Shores.


Appraisal: $151,007.00


I LOT NO. 2 MORIGOLD FARM
SUBDIVISION

^ BAll that lot of land having an area of approximately 5,638 sq. ft.
Being lot No. 2 of the subdivision known as Marigold Farm
Subdivision, the said subdivision situated in the Eastern District
of New Providence and located Lumumba Lane North off Marigold
Road situated on the property is a year old single storey residence
consisting of 3 bedrooms, 2 & 1/2 bathrooms, living, dining, kitchen
and utility room. The Land is on a grade and level and appears
to be sufficiently elevated to disallow the possibility of flooding. The property is open from the front but has chain
linked fencing at the sides and back.
Appraisal: $197,107.60
Take Joe Farrington Road heading east, turn onto Marigold Farm Road go pass Marigold Farms, then turn right onto
Lumumba Lane, go almost to the middle of the corner and the subject property is about the eight house on the right
hand side of the road.


Si : DUNDAS TOWN (ABACO)


3 two bed, 1 bath fourplex 9,000 sq. ft., lot no.
S18b with an area for a small shop. Age 12 years
the land is a portion of one of the Dundas Town
Crown Allotment parcels stretching from Forest
Drive to Front Street beir g just under a quarter
acre in size and on the lowside. A concrete
block structure, with asphalt shingle roof and
L-shape in design with a total length of 70x26
ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
walls are concrete blocks, ceiling is sheet rock and the floors of vinyl tiles.

Appraisal: $265,225.00


LOT NO. 1 WESTERN SHORES

H" All that lot of land having an area of 7,389 sq.
: ft., being lot #1 of the Subdivision known as
Western Shores Phase'll, the said Subdivision
S situated in the Western District of New Providence,
Bahamas. Located on the subject property is a
single structure comprising of a single family
i" residence consisting of approximately 2,430 sq.
ft. of enclosed living space. The residence
-- __comprises of 3-bedroom with closets, 2 1/2
bathrooms, living/dining rooms, study, kitchen,
utility room, porch and enclosed garage with electronic door. The land appears to be sufficiently
elevated to disallow the possibility of flooding during annual heavy rainy periods of the year. The
grounds are fairly well kept with improvements including driveway, walkway and swimming pool.
The yard is enclosed with walls.
Appraisal: $753,570.00
Traveling west on West Bay Street. Go pass Orange Hill and Indigo Subdivisions, the house is
located on the left near Tusculum Subdivision and painted all white.


I -" HAMILTON'S, LONG
ISLAND

All that piece parcel or lot of land and
improvements situated in the settlement
of Hamilton's in the Island of Long Island,
and comprising of approximately 13,547
sq. ft. and is elevated approximately 7-
8 ft above sea level. This site
encompasses a 35yr structure. A simple style home consisting of two bedrooms,
one bathroom, kitchen, living and dining room. the.home however is consisted
of 2 separate constructions; 613.60 sq. ft of concrete construction and 624 sq. ft
of wooden construction all amenities are to the property such as electricity, water,
cable and telephone.

Appraisal: $112,000.00.


The property is accessed by the main Queen's Highway -



Investment Opportunity Must Sell Lot B, Wilson Street, Rock Crusher

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

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


Island Harbour Beach, Exuma

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



LOT NO. 10B, PALMETTO POINT
All that piece, parcel or lot of vacant land containing 9,000 sq. ft., and being Lot No. 10B situated North of Ingraham's Pond and Eastwardly of North Palmetto Point, on the island of Eleuthera, one
of the islands of the Commonwealth of the Bahamas, and is bounded and abutting as follows:- on the north by Lot No. 3B and running thereon for a distance of (90) ft; on the East by Lot No. 11B
and running thereon for a distance of (100) ft; on the south by a 20' wide road reservation and running thereon (90) ft on the west by Lot No. 9B running thereon for a distance of (100) Ft, the said
Lot is overgrown with shrubs and is in close proximity of a white sandy beach. This neighborhood is zoned residential development and is quiet and peaceful with a topography of approximately
50ft and because of this there is no danger of flooding. The area is approximately 80% developed with all utilities and services available
APPRAISAL: $72,000.00

MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or lot of vacant land containing 44,714 sq. ft., and designated "E" which forms a portion of land known as "Mutton Fish Point" situated about two miles northwestward of the
settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth of The Bahamas, and is bounded and abutting as follows:- Northwardly by the land now or formerly
the property of Coridon Limited, and running thereon for a distance of 393.13 hundredth ft.; outwardly by a 30' wiae ruaa eselatior dld runnlling thereon for a distance of 402.57 hundredth ft;
eastwardly by the main Queen's Highway and running thereon for a distance of 109.73 hundredth ft; westwardly by land now oi formerly the property of Caridon Limited and running thereon for a
distance of 110.75 hundredth ft. this property having an area of approximately 44,714 sq. ft. this neighbourhood is zoned commercial/residential development and is quiet, peaceful and has a
topography of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,421.00


MUTTON FISH POINT NORTH ELEUTHERA

All that piece, parcel or tract of land containing 1 acre situated about two miles northwestward of the settlement of Gregory Town on the island of Fleuthera, one of the islands of the Commonwealth
of The Bahamas, and is bounded and abutting as follows:- Northwestwardly by the main Queens Highway and is running thereon for a distance of 125.462 feet northwestwardly by the land now
of formerly the property of Coridon Limited, and running thereon for a distance of 390.274 hundredth ft.: southwestwardly by a 30 wide road reservation and running thereon for a distance of 128.128
hundredth ft; southeastwardly by the land now or formerly the property of the Venor and running thereon for a distance of 322 955 hundredth ft. This property having an area of approximately
.44,847.76 sq. ft. This neighbourhood is zoned commercial development and is quiet and peaceful with a topography of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,421.00


This lot is vacant land and is located in the area known as "Mutton Fish Point"
MUTTON FISH POINT NORTH ELEUTHERA


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


For conditions of sale and other information contract


I I


. .,


--


THE TRIBUNE BUSINESS


AP GE 6B THURSDAYOCTOB 7













INVESTMENT OPPORTUNITY






NE- ROVIENCE FREEPOgT


LOT No. 21B FRASER ALLOTMENT
OFF SOLDIER ROAD Appraisal: $258,000.00
il r- The subject property
Consisting of 8,400
square feet is
developed with a




i square feet and
second floor area of
735 square feet. The
building is of sound construction and completed in its entirety. The
ground floor comprises 2 bedrooms, one bath, a kitchen, dining and
family room. The second floor comprises two bedrooms, one bath, living
and dining areas.
Directions to property: Heading East on Soldier, turn left onto first paved
road opposite Lowes Wholesale, 2nd to last house on the road with
chain linked fence.
I*


Appraisal: $300,000.00


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


No. 17 WESTRIDGE ESTATES


Appraisal: $930,000.00


SAll that lot of land having an
area of 30000 square feet,
being lot Number 17 of the
subdivision known as
-.." Westridge Estates Addition.
Situate in the Western District
on the island of New
Providence.
Located on the subject
: 1 property is a newly
constructed single story
s d structure comprising 6,000
proert feet of living space with a
three Car Garage.
The building is 75% completed and comprises five bedrooms, four and a
half baths study, living/dining,. family room, kitchen, laundry ani
:genrator room.
-Location: From SuperValue West Bay, take the road heading west into
Westridge, take the first corner on the Right, Westridge Drive. Subject
property will be about the seventh on the right hand side of the road.


LOT No. 17 ALLEN'S DRIVE
CARMICHAEL ROAD


2 .


Appraisal: $171,000.00


The subject property
is developed with a
duplex building
consisting of
approximately 1,512
square feet of
enclosed living space
which includes, two -
2 bedrooms and 1
bathroom, kitchen,
living/dining room
apartment.


Ventilation is by walled units air-condition units located in the
bedrooms.
Directions to property: Take the'corner North of Golden Gates Assembly,
Allen's Drive, follow the bend. The subject property is on the right
shortly after passing the bend, aquamarine trimmed deep green.




LOT 188 SCOTT AVE, EAST SECTION 1 SUBDIVISION,
FREEPORT, GRAND BAHAMA Appraisal: $140,000.00

approximately 12,322 square
feet. Situated on this
.property is a single story
single family dwelling of
2,800 square feet of living
space. This includes a small
front porch, a large foyer, a
sunken living room with
fireplace and chimney, a
dining area, a full service
kitchen, a family room with adjoining laundry and storage ,room. A
hallway with linen closets, a hallway bathroom. Three auxiliary bedrooms
with closets and a master bedroom with walk-in closet and private
bathroom.


FAIRWAY MANOR CONDOMINIUM Appraisal: $73,000.00


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


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

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


FAM ISAN


ABACO


Appraisal: $108,000.00


PORTION OF MURPHY TOWN CROWN
ALLOTMENT, MURPHY TOWN, ABACO.

-. The property is 89 x 100 ft
and rectangular in shape.
The land is elevated
approximately 15 ft above
road level and
approximately 25 ft above
S' sea legyl. Located on this
property is a twenty-year-
old three bedroom, two
bathroom, living, dining,


kitchen and laundry room house. The structure
attention.
- -.. * -. ..;;... .;........ ......^


EXUMA


requires much


Appraisal: $170,000.00


DUPLEX IN LOT 6625
BAHAMA SOUND No. 8, EAST, EXUMA
Trapezium shaped lot 35
ft. above sea level
M comprising 10,000 sq. ft.
Situated thereon is a 10.
year-old single storey
duplex, 2 bed, I bath,
kitchen, living/dining
area and porch.
......... (Building is in need of
repairs).


EXUMA Appraisal: $673,075.00
CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION


I K '1
SIfl


The subject property is located
on Kingway Road and is
developed with an area of
20,000 square feet. Situated
thereon is a residence
comprised of 3,645 square feet
of living accommodations,
inclusive of 4 bedrooms, 2
baths, with laundry and utility
spaces and a two bedroom one
bath guest cottage of 600
square feet. The property is
fenced with white picket


fencing and has a Gazebo at the highest portion of the property.


PARCEL OF LAND, PALMETTO POINT
ELEUTHERA Appraisal: $112,105.00
All that piece, parcel or lot of land 2,743 feet East of the junction of the
Palmetto Point road and main Eleuthera Highway containing 2.45 acres.
This site encompasses a 28-year-old single storey concrete structure of
approximately 832 square feet of enclosed floor space inclusive of shop
space and rest room facilities.


TO VIEW PROPERTIES GO TO: www.stopnshopbahamas.com

Cik on "Real Estate Mall" CM on Doorway "Enter Online Store"


*


o



bids to P. 0. Box N-7518 Rosetta Street, Nassau, Bahamas


* .
* .


SANDYPORT


~a~ne~
,


I -


THE TRIBUNE BUSINESS


THURSDAY, OCTOBER 4, 307, PAGE 7B


W.^


* e N


A a .





I HI IHIBUNE BUSINESS


I-'AUt- 8b, I HUHbUAY, UUI UItUt- 4, 2 U/


iian Su


.**


f BARBER
CREAM
CRACKERS
200 gm


K_


I.


FALU TIME
r"'K7!1 TCHEN
BAGS
30 ct.
$ 99
$


la~i3C~t


"DOG FO ODB^
*13*oz.


'w y .
n ^r


ABk

















HE PLACE



!OR MEAT


PICNIC

HAMS
per Ib


$ 39
\ f_/


Doctors hopes dividend

restart ends share


BAR-S
MEAT &
CHICKEN


HOT DOGS
12oz.



000/


FROM page one
Darron Cash, DHHS chief
financial officer, when asked
whether he hoped the resump-
tion of dividend payments
would stimulate price and trad-
ing volumes in the company's
BISX-listed stock, said: "We
certainly hope so.
"A lot of folks have
approached us consistently over
the last few years to inquire
when we were going to start
paying dividends.
'I think that in this market-
place investors place a lot of
value on dividends in terms of
evaluating the strength of a
company.
"We felt for a long time that
not paying a dividend was a key
factor in suppressing the price
of the shares in the market-
place.
"With a return of dividends,
,we feel those persons looking
for dividends are likely to look
more differently at the funda-
mental values of the hospital."
Bahamian shareholders and
investors have always been
more attracted to stocks that
are regular dividend payers,
providing them with consistent
returns on their investment,
than those companies that are
not.
Few investors have the'
patience to wait for stocks they
have invested in to provide cap-
ital appreciation returns when


they sell out.
DHHS last made a dividend
payment on July 30, 2001, when
it paid $0.03 per share to
investors as at record date July
16, 2001. Shareholders in the
company have thus had to
endure a more than six-year
wait for dividend payments to
resume.
Mr Cash said DHHS was
"certainly strong enough to sus-
tain the level of dividends" it
would pay to investors this
month, although any future
decis n m dividend payments
and theit amount was a matter
for the Board of Directors.
"From a management stand-
point, we will certainly keep
that option a viable one for
when the directors determine it
is appropriate," Mr Cash said
of the dividend issue.
"We will ensure the resources
are available."
DHHS saw its net income for
the six months to July 31, 2007,
increase by 25 per cent to $2.5
million from $2 million, provid-
ing further evidence that the
company was in an increasingly
strong financial, operational and
balance sheet position to
enable it to resume dividend
payments.
Earnings per share (EPS)
were up to $0.25 per share from
$0.20 per share a year ago.
Patient days, based on the
average daily census, were up
5 per cent across all nursing


V I,


WFKSTONE, 8 oz. GREEN GIANT, 12 Ears
JRA-REAM.............$1.99 CORN.ON.COB...................$479


departments compared to the
previous year, particularly in
medical/surgical patient days,
while patient service revenues
rose 5.08 per cent to $20.7 mil-
lion from $19.7 million.
Mr Cash said yesterday that
the decision to resume dividend
payments was taken'"because
this is an excellent time, and we'
have the resources to do it.
"The company has been
doing very well, and we've been
able to fund a considerable pro-
portion of our capital invest-
ment from internally generat-
ed resources.
"We feel positioned well-
enough to restart the dividends
and sustain our financial
progress going forward. It's
good news for us, and good
news for the shareholders."
One analyst spoken to by The
Tribune yesterday described the
resumption of dividend pay-
ments as "great news" for
DHHS.
They added: "We're going to
have to see what happens going
forward, and if it's something
they're able to continue with.
But short-term it's excellent
news, and hopefully the share-
holders will be cognisant of it."
DHHS chairman Joe
Krukowski added: "Overall, we
are pleased with Doctors Hos-
pital's results for the second
quarter of fiscal 2008, and with
our outlook for the remainder
of the year. We are excited with
the continued momentum of
our volumes, and we remain
optimistic about achieving our
financial targets for the year.
"We are confident in our
financial status and the ability to
return to a dividend payment
schedule. Our shareholders
have been loyal to us; we are
pleased to make this announce-
ment at this time..
"And the board of directors'
decision to declare the cash div-
idend again reflects our strong
capital position and our com-
mitment to increasing value to


LAXY SANDWICH, 10 oz.
IEESE....................2/$2.99


,. ~. I


I r a :


GREEN GIANT, Asst'd. Frozen, 16 oz.
VEGETABLES.......................$2.29


INY DELIGHT, 64 oz. ISLAND QUEEN FROZEN, 2 Ib.
TRUS PUNCH.........$2.99 PLANTAINS ..............................$3.49


9


SCAR MAYER
RANKS
EEF/JUMBO/
UN LENGTH
1 lb.


*/ "


OSCAR MAYER
COTTO
SALAMI
12 oz.

$029


S A


w'


BAR-S
SLICED
COOKED
HAM
12 oz

$449


Vr~h


'w


WHOLE ROTISSERIE
CHICKENS
each


$799


I U W


IDAHO
BAKING
POTATOES
loose



.y .y





g rL


ARVEST FRESH
GREEN
CABBAGE
per Ib.


69


BID BATH & Ho.m


\













CHAIR PADS
BED SPREADS
TABLECLOTHS
WINDOW CURTAINS
TOUCH OF VELVET
SHEET SETS
LADY SANDRA
COMFORTER SETS
BETTER HOME SHOWER


.y ,-' "-,



PATIO CHAIRS
WALL MIRRORS
L0 O F STORAGE
CONTAINERS
SINGLE POTS &
FRY PANS
SI, OSTER FOOD
PROCESSORS
CURTAIN SETS ANCHOR HOCKING
GLASSWARE SETS


-i


Located: Harbour Bay Shopping Center
Ph: 393-4440 or 393-4448


price 'suppression'


COUNTRY TREAT
GLAZED DONUTS
12 pk

$599


-II- --1 --


7g
Landscaping/Gardener

AJ ,ll int"e:. [reste pesonscanforwa-rh d b'
aI resu.:-m~me adr [ll


I II


THE TRIBUNE


THURSDAY, OCTOBER A 2007, PAGE 9B


, I~.


* /


# 0












PAGE 10B, THURSDAY, OCTOBER 4, 2007


THE TRIBUNE


Albany 'unable to


ASSETS

Electronic Equipment
(1) Compaq Presario Computer Monitor & Tower
(1) Whirl Microwave
Tec Cash Register
(1) AOC Flat Screen Computer Monitor 19"
(1) Camedia Digital Photo Printer (Olympus)
(1) Sylvania Tower & Monitor
(1) 1520 Epson Stylus Color Printer
Assortment of Beauty Salon Equipment

Machinery
(1) Food Mixer
(1) Wall TV Stand
(1) Chrome Juice Filler
(1) Multi Fruit Juicer
(1) Chrome Mixer
(1) Deli Showcase
(2) Four Burner Stoves
(1) Filter Pro Engine Coolant Service & Recycling Machine
Carpet Cleaning Machinery & Hoses
Cooking Utensils Pots, Pans & Plates
(1) Janome Monogram/Embroidery Sewing Machine

Tables
(1) Wood Table (Round)
(1) Marble Table (Rectangle)

Vehicles
(1) 03 Yumbo 125cc Motorbike

Cooler/Freezers
(1) Two Door Chest Freezer
(1) One Door Chest Freezer
(1) Blue Coleman Cooler
(2) Double Door Coolers
(1) Three Door Cooler
(1) Double Door Refrigerator

LOCATION: Inland Steel, Summer Street off Soldier Road, Nassau, Bahamas

Directions: Exit Abundant Life Road turn right onto Soldier Road then the first left
onto Summer Street ninth two storey white & blue building on the left

Dates & Times: 10:00am 5:00pm Friday, October 5, 2007
9:00am 1:30pm Saturday, October 6, 2007

All assets are sold as is where is for cash, cashier's cheque.
No purchases) will be released until paid in full.

For additional information teleph*e 327-5780; The Bahamas Development Bank
S: reserves the right tc reject any or all offers.
*i, t


1 I

5,5i
OB;







'f-.5
1:.
;y.











5.'.,'
S ii-'










S :-~

S w/

5,.,.-':
S '5-4
55,'
iW'S









PA;
55..:
B^


















r;a
^litR













5;,..




B* 5':.
a waS
S Si
IO;




ISWi














5,5-..
-.I
TSKK














SSts~
air"




as'-'-
s iSV








55::
ianw

Ih-' I











aSns::



a ;::s'
Silk

tint
Sr i-
Itm.w














ji 55.55

tS iS$5
II s.';"a
ri"'n-




















3 5y.'S5
I.:.
a3&Y:





















5: .5"
5"'5
i *?*























Rb.K
9ii
*tP-.r

I* 5'
Hdti.-





















5555,
5:;-
t02,
55i5 i.
5'K
ta^-t
5''s'
5Yi'


























Sir'
fitei^Y
(iW-ie?
.r:"
s .* -*
I* ft?-.-.
T! i11'B-
11J11n1
B tt- ^
tt*--.;
a~ia,1.
>t^-
KWrY1'
IT tl W
iW^J~
Ji(4i
TIW*~n
hm*tys
.'" a ijtfUk
(IJW(,
ftW--

iar~
4feu
A~i.;/'-
t i:-rfs
rit.rM
iitajy
i v*
9vaw
;Sotf
ay,Brf
.' ','.
a-c rL
,l r;i

IflWI.
sWQS'


>*f11H-


> I' -
aw *
a l;; ,*
r.<-'
'/:- -

avM.'v:-
Ps..


ye .: .


tiL i ..
rw.- *
v '*, f
*%l',r
I*t *'
d t~.i'"


E V E S



EXECUTIVE BEACH FRONT CONDO





EVES CABLE BEACH


SPACIOUS, 3 BED, 3 1/2 BATH,

FULLY FURNISHED

2 CAR GARAGE, POOL,

GENERATOR, PRIVATE BEACH,

PRIVATE GATED COMMUNITY.

LEASE AVAILABLE


GROSHAM PROPERTY LTD.

327-0806






LENNOX PATON
Counsel and Attorneys-At-Law, Notaries Public




The office of Lennox Paton will be

closed on Friday, October 5, 2007 in

observance of our Annual Staff Fun

Day.



Normal working hours will resume on

Monday, October 8, 2007.



We apologize for any inconvenience

this may cause.


FROM page one
All those properties receive a
20-year real property tax break
as well from the moment the
hotel which will range in size
from between 10 to 65 luxury
cottages is completed.
Yet the Heads of Agreement
said: "The Government under-
stands and appreciates that, in
order to ensure the highest lev-
els of privacy and security
required for the successful oper-
ation of the project contem-
plated by Park Ridge, which
because of its very nature will
be catering to high net worth
individuals, accordingly must be
operated as a private members'
club."
This means, the Heads of
Agreement states, that Bahami-
ans and members of the public
will only have access to Albany
and its facilities when they are
hotel guests. Otherwise, they
are barred from the property.
Mr Ingraham yesterday sug-
gested that the private mem-
bers' club and Hotel Encour-
agement Act incentives, as set
out in law, were incompatible.
This gives rise to a number
of disturbing questions, namely
whether the former Christie-led
PLP administration 'gave away
the house' in the agreements it
negotiated with investors.
If Albany, as a private mem-
bers' club, cannot access the
Hotels Encouragement Act
incentives, questions are also
likely to be raised about how
other so-called private mem-
bers' clubs such as the contro-
versial Baker's Bay Golf &
Ocean Club on Great Guana
Cay have been able to access
the same.
Finally, a pattern seems to be
developing where the former
Christie administration gave
investors incentives that had no
statutory basis in Bahamian law.
Apart from Albany, there is
Ginn, which received a special 2
per cent Stamp Duty rate that
attorneys believe has no basis
in law.
As revealed by The Tribune,
the Ginn Development Com-
pany will only pay 2 per cent
stamp duty on condominiums
valued over $250,00 that it-sells


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


EFG Bank & Trust (Bahamas) Ltd



Client Relationship Officer, Vice President

EFG International a global private banking group headquartered in
Zurich is Switzerland's 3rd largest public bank as measured by Tier One
Capital, with over 89 billion in client's assets under our care. We operate
in over 40 locations around the globe with more than 450 experienced
client relationship officers. EFG offers a unique and compelling value
proposition that is ideally suited to provide solutions for the sophisticated
private and institutional investors.

EFG Bank & Trust (Bahamas) Ltd with over one full year of operation in
The Bahamas continues to expand as evidenced by its new premises at
the Centre of Commerce, 1 Bay Street. EfG Bahamas has over 35
experienced professionals and offers a full suite of private client solutions
for wealthy clients around the globe. Our unique corporate culture attracts
the most entrepreneurial and most experienced professionals in the industry.
To learn more about our unprecedented growth over the past few years,
please visit www.efginternational.com

We are looking for seasoned financial professionals with at least 10 years
of sales and marketing experience in providing financial solutions to high
net worth clients and companies. Specifically, we require a professional
fluent in Spanish and Portuguese to market into the Latin America market,
however candidates marketing into other regions will also be welcome to
join our team. The candidates must possess a solid knowledge of investments,
banking and trust services. The ability to service and grow your own
client book is extremely important. EFG provides a unique and uninhibited
global marketing opportunity, an open architecture platform, and multiple
booking centres.

The successful candidates must have a university degree, and possess or
be enrolled in either the Series 7, CSC, or UK equivalent. The individuals
must have the required qualifications and accreditations to be registered
with The Bahamas Securities Commission. The flexibility to go on frequent
business development trips and work within very tight deadlines is also
a necessity.

EFG offers an attractive compensation plan that includes salary, benefits
and a bonus structure directly related to profitability. Salary will be
determined by experience, & qualifications.

Interested and qualified applicants must submit applications by October
19, 2007 to:


Human Resources
Centre of Commerce, 2nd floor
1 Bay Street
P.O. Box SS 6289
Nassau, Bahamas
Fax (242) 502 5428


ML- 0









THE TRIBUNE


THURSDAY, OCTOBER 4, 2007, PAGE 11B


access hotel incentives'


in its GrandL Bahaiai--baised
Giin stir erine project dtiriiir tli
de, elopmcifts first 2t ,'c,,,
he Heads of Ai\' Clllu il
sigiled by Ginn for its in1ill InI
lion dollar \\ est End projec'i CI
Oi a si bt' wlncll c s oefs J lIx
eV. mpti in. fI'or Ihi df elehpi
that we,. gaitlted h\ Ohe I ol
mler Christie administration, but
thl Stamp Tax Act has never
be> n amended Iv ihe Govcril
mcnt to accouit f'oi the special
rate extended to Cl(nn.
instead, the lfollmlr guvern-
iiii. t had said t was iuoking to
place these special stamp dulty
in ientives i le .gislation
designed to spui economic
development in ;the Family
1 .i.ands.
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 peti-
od between the first sale and 20
years later will attract stamp
duty at a rate of 2 per cent.
The normal stamp duty rate
applied to such real estate trans-
actions 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 $ l mil
lion condo sold by Ginn, the
a(camp tax paid will be $20,000
rather than $100,000 an
$80,000 loss to the Public Trea-
sury.
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 Bahami-
ans are the stamp duty exemp-
tions granted to third-party buy-
ers of unimproved lots, condos


ind IitIlies al Ginn siln mer.
I (, all tlh ee real estate types
II" I 0)l 5lo and llhomes if
illS\ .i, sold within one year
i hinrmy bought by a third par-
I i'ul\ ei, tl stamp tax rate is 3
peI ce I In the second vear
this rah i,' increased to 4 per
cLi ii i the third year, 5 per
cent in the fourth year, 6 per
ccni .n, i in the fifth year, 7 per
cill.
H' ,i~m then on the normal
staini, diuty rate applies, but this
sliding ti cale is likely to attract
critic-rit from sotie ihat such
incentm es will gie 'free rein'
to flippers and 'land specula-
tors to make fast money from
selling tahamian real estate,
especially when Bahamians
receive no stamp duty incen-
tives for purchases valued at
$250,000 or more.

Concerns

Mr Ingraham also yesterday
conlill ned other concerns the
Government has with the
Albany project that have yet to
be resolved, namely the south-
west Bay Street re-routing and
acquisition of private land to
facilitate this; the environmental
implications of Albany's marina
and that at South Ocean; and
the placing of condos and pri-
vate residences into the hotel
pool to enable the owners to
access Hotels Encouragement
Act incentives.
"Agreements concluded
under the Hotels Encourage-
ment Act are entered into with
owners, developers and/or oper-
ators of hotel resorts. Private
persons seeking to construct
luxury homes with the intent of
these being placed in the rental
pool of a resort would not be
eligible for concessions under


the Ac t. tl : Prilme Ministei
said.
I'hc Ai,;ai, Heads of Agree-
ment allows 'f(r 2(00condo units,
"which ha, e satisfied the
requlireinell, for condo-hotels,
pursuant It the Hotels Act.......
shll '', 'ligihle for all conces-
sions .i i, incentives under the
Hotels '\ in conjunction with
the I-,' leis En, uragement
Act".
-lo -.-rouIe :,outh west Bay
StreeLt .rounJ Albany, with the
existing ,ioad absorbed into the
de'velopneno som, 4 acres of
land is to *_)e aiLquired for
$(00,001(0 from New Providence
Deve i pment Company, an
aftilai.i of thi project investors.
A furt;, !It plus acres is to bh
acqui ;- fi tm the estate of(
Baldwo'; Sivmonetle and Percy

il.tii i ll tie Il-ads n Ai Ci
t,. ;,+l'. Co(vernI ent is sup-


pl scId tl lit;h !1,' ,liese iicquisl i

) di, ., T 1, ,

v i\ ti,- : 1t" i b ii t qiestioncd
,vN icIle l iIie .:o\ .rnment
Shotiuldl I involved in private
,1 1 1 .it, ilions n behalf of a
Iave the pur-
n.r,. a at i I 11, ll tions to the
,itlter.
M Itn' ,itl; n said: "( iven
hlie :'ltiotiif I lie Christie adm
list ralio Ill coiinectlion with
dlic aciqutsior i I 4.erl;tit land at
:)cc:n 1 i:iit. i: m;, to facili-
;ale thl (C.-In,-i.cti tion of the
narina at lite F- emerald Bay
lFoui Se:'i.ns R esort, it is to be
letle ,mnl- iI 1i her the law
ri,'! 'es lli. t ilic developers at
, i. i, i ,'l'.at, and acquire
tile p':i tL I \'mill\n :.d land direct-
J\ '.tin t li i -v, e land own-


LEGAL NOTICE




NOTICE



BANCO POPULAR
INTERNATIONAL LIMITED
(In Voluntary Liquidation)


Notice is hereby given that the above-nanmed Company
is in dissolution, commencing the 6th day of Novelihl.
2006. Creditors having debts or claims against the
Company are required to send particulars to Craig A.
(Tony) Gomez, Liquidator of the said Company at the
offices of Baker Tilly Gomez, The Deanery, No. 28
Cumberland Street, P.O. Box N-1991, Nassau, Bahamas.
In default thereof they will be excluded from the
benefit of any distribution made by the Liquidator.

Dated this 3rd day October, 2007


CRAIG A. TONYY) GOMEZ
Liquidator


FOR SALE























COMMONWEALTH OF THE BAHAMAS 2007
IN THE SUPREME COURT No.000176
EQUTrr SIDE



NOTICE
THE QUIETING TITLES ACT, 1969

The Petition of GERALD KERR WHITELEATHER of the City of Marsh Harbour of t.he
island of Abaco one of the Islands of the Commonwealth of The Bahamas in respect of
IN THE MATTER OF ALL THAT piece parcel or lot of land sitlual[ in the
Settlement of Hope Town on Ihe Island of Elbow Cay or Little (uana Cay in Abaco
one of the Cays in the Abaco chain of cays in the said Commonwealth of The Bahamas
which said piece parcel or lot of land is hounded NORTHWARDLY by the Cemetery
Road and running thereon One Hundred and Seventy-five Hundredths (100.75)
feet EASTWARDLY by land Iow or formerly the property of Edward Stanley Malone
and runnillg thereon Fortytfour and Eight.yvsix Hundrledthhs (-14.86f) eel SuUTHWARDL',
by land nio or formerly the property of B.C. Malone and running Itlereon Eighiy~ even
and Thirty seven Huldrldths (87.37) eiet and WESTWARDLY ly t(illiam Strcet
and running tihereon Sixty-two and Eighiyvtwo Hundredith: t62 82) f;?2
AND
AND IN THE MATTER OF THE QUIETING TITLES ACT, 393
AND
AND IN THE MATTER OF THE PETITION OF
GERALD KERR WHITELEATHER


The Petitioner. GERALD KERR WHITELEATHER. claim to be lile owner a o' Ile fee
simple estate in TpoPsseion of tIE piree p:r'cels or lot of lan hereinl- tofi1.. h iriithe -d t he
Petitioner has initle aipltpcatin Io to the Suprc!le Court of the otmonwellooill h of The
Bahamas under Section 3! of the (tuieting 'litlep Act. 1959, to have his ill to' the said land
investigated and the nature and Ietent tlereof determined and declared. a C(ertificte of
fitle to be granted hy the Court in nccordalnce with the provisions of the said Art.
a Copies of the filed p' lai may be inspected during normal office hours ,tl:
(a) Thn e Registry of the Stupremie Court. Second Floor,
,- ,* i ',,* ,,I ..i. E.Past Street. Nassau, Bahamas.
(hI The (Chambiers of HOPE STRACHAN & CO., Equity IlHose, Mount Royal
Avenue Nonli I lawkiil, Hill), Na.ssau. tlhainas.
Notice is hereby given Iihait aniiy proni leaving dowier or right of dowe or an adverse claim or
a claim not recognized in the said Pr-lition shall on or blifolbre the l30' Novemibir, AI). 2t107
lile in the Suprieme Court and serve oni tie Petitioners or undersigned a Stlaltm't of Claim
in the prescieoribd trm efilled by an Altfidavil io bie t'iled therewith guilult, iof ay oeuci.
person to ilte and serve a Stalumlenl o'f Clain oni or belro the Ih 30 : a111r of Nr i'olell.r, A.I).
2007 will operate as a biar to suchi cllm.


HOPE STRACHAN & CO.
Chambers.
Equity llouse.
Mount Royal Avenue North (Ilatwkins Hill).
Nassau. Bahalamas.


I __ __- __









THE TRIBUNE


PAGE 12B, THURSDAY, OCTOBER 4, 2007


Morton Salt faces 'tremendous loss'


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




e Crowley Bahamas Limited has an immediate opportunity for a

General Manager to actively grow our business.

Selected candidate will have overall responsibility for sales, marketing
and operations activities. Reviews operating results to ensure budgeted
goals are achieved and expenses controlled. May coordinate and
negotiate outside contractor and service provider alliance/agreements,
and may interface/coordinate with other company functions such as
legal, labour relations, risk management, marine operations, cross
functional teams, etc. Develops and maintains business relations with
customer base. Reports to the Vice President, Caribbean Islands
Services.

Requirements:
Bachelor's degree in business or transportation, preferred.
5-10 years management experience in related area. Strong relationship
building and leadership skills. Ability to travel required. Must have
excellent communication skills, both written and verbal.

Crowley offers a competitive salary and excellent benefits
package. Interested individuals may respond in confidence to:
resumes@crowley.com



IrE MEN


FROM page one
The current excessive rainfall
and its impact on the salt cake
and harvest meant that no salt
might be grown until March
2008, meaning that reduced
work weeks or lay-offs could
last for four months from
November 2007 until then.
"This is a huge year of losses,"
Mr Bannister said. "We nor-
mally harvest 1.2 million tonnes.
and this year we were hoping to
harvest 600,000 tonnes.
"But now we're looking at
500,000 tonnes. That's less than
half of what ve normally har-
vest, about 40 per cent. That's a
tremendous loss."
Mr Bannister said Morton
Salt had never experienced such
a heavy rainfall during the past


52 years since records began,
and he added: "It's a new phe-
nomenon. All we can do is hope
and pray it goes away."
"Everyone is back working a
full five-day week, and we will
keep everyone on full-time as
long as we have salt cake to har-
vest, but if we run out the com-
pany will have to make a deci-
sion."
The rainfall problems have
come just after Morton Salt has
completed negotiations lasting
two years on a new industrial
agreement for line staff repre-
sented by the Bahamas Indus-
trial, Manufacturing and Allied
Workers Union.
The new industrial agreement
will govern relations between
Morton Salt and the union for
five years, effective 2005


through 2009.
The new agreement will
secure more than 17 per cent in
wage increases over the five-
year period. Union employees
also received a one-time sign-
ing bonus of $400, and secured a
total wage increase for a five-
year period of 20.3 per cent
including back pay.
Acting pay is to be 40 per
cent of the differential between
the employee's current rate of
pay and the employee's rate of
pay for whom he or she is stand-
ing in for, for all hours worked.
Responsibility pay is to be 70
per cent of the differential
between the employee's current
rate of pay and the employee's
rate of pay for whom the
employee is replacing for all
hours worked.


Bahamas can be'gateway' for

investment by Chinese firms


FROM page one
market that the financial ser-
vices sector had never dealt with
before.
"China has capital and is
seeking to invest it around the
world," Ms Warren said.
"When you see this sort of


activity, how does the Bahamas
ensure it is considered as part of
the equation when these invest-
ment deals are put together......
"What this represents for the
Bahamas is the ability to take a
fresh and comprehensive
approach to business. I think
that there are a wealth of


Commodities, Futures and
Foreign Exchange Broker

* Minimum of 3 years experience within a regulated
financial institution

* Good working knowledge of PATS trading systems.

* Must hold recognized industry qualifications

* University graduate preferred

Qualified applicants are invited to
S forward their resume to:


traderl@bahamas.net.bs
or P O Box N-3927


opportunities worth pursuing."
With China looking to invest
globally, and Chinese compa-
nies aiming to expand, Ms War-
ren asked "how can we make
the Bahamas a throughput", a
gateway for facilitating this
investment in the Western
Hemisphere and globally.
"The Chinese can utilise the
Bahamas as a location for capi-
tal investment. Certainly, the
Bahamas represents an excel-
lent base for Chinese compa-
nies as they expand globally,"
Ms Warren said. "The Bahamas
has the ability to be a location
and place for doing business for
them."
She added that the Bahamas
could use Hutchison Wham-
poa's presence in Freeport to
market this nation to Chinese
industry and firms, as well as
the second home market.
"We would want to find ways
to connect the Bahamian finan-
cial services sector with these
opportunities," Ms Warren
added.
"Our ability to tap into more
than one angle of their business
will multiply the benefits we
receive."
The BFSB, she said, was now
considering how best to investi-
gate and tap into the opportu-
nities China represented .


It

Yi








A leading hotel invites qualified
persons in the above mentioned
field to apply for the position of
Chief Engineer.

The successful candidate must
possess the following:

- A Engineering Degree or a
minimum of 5 years experience
as a Chief Engineer, or
Assistant Chief Engineer in a
major hotel

-Must be proficient in
Preventative Maintenance
Programs

Must be a Team Leader and
able to work with little or no
supervision

-Must posses strong
interpersonal, communication,
problem solving and customer
service skills

Applicants with supporting
documents also including a clean
Police Certificate should be sent
to the address below:

Competitive salary and benefits
package commensurate with
experience.

Applicants for Chief Engineer
should apply to:

DA #13987,
c/o The Tribune
P.O. Box N- 3207
Nassau, Bahamas


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 15th 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 5th 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
3rd 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


I


------


I I '. I I


BUSINESS'
















Au idit raises conicer'i o\er lealtli ilsurer


b '-,


I I i) ()


















I -









$2. Ibn wi lake cheques seized


*B o 00 o
0"
0 o -A 00o e


H 1


PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL
The Public is hereby advised that I, NADINE CARTWRIGHT
of #2847 Sir Lynden Pindling Estates, P.O. Box SB-50335,
Nassau, Bahamas intend to change my name to NADEAN
CARTWRIGHT. If there are any objections to this change
of name by Deed Poll, you may write such objections to the Chief
Passport Officer, P.O.Box N-742, Nassau, Bahamas no later than thirty
(30) days after the date of publication of this notice.


COMMONWEALTH OF THE BAHAMAS 2007
IN THE SUPREME COURT No.000177
EQUITY SIDE

NOTICE
THE QUIETING TITLES ACT, 1969
The Petition of GERALD KERR WHITELEATHER of the City of Marsh Harbour of the
Island of Abaco one of the Islands of the Commonwealth of The Bahamas in respect of
IN THE MATTER OF ALL THAT piece parcel or lot of land owned and occupied by the late
Alexander Kemp at the time of his death situate in the Settlement of Hope Town on the
Island of Elbow Cay or Little Cay or Little Guana Cay one of the Cays in the Abaco chain of
Cays in the Commonwealth of The Bahamas which said piece parcel or tract of land is
bounded NORTHWARDLY by Cemetary Road and running thereon Fifty-seven and Eighty
Hundredths (57.80) feet NORTHWARDLY by land now or formerly the property of the said
Michael Schreiner and running thereon Fifty (50) feet EASTWARDLY by land now or
formerly the property of Michael Schriner and running thereon Fifty (50) feet EASTWARDLY
by land now or formerly the property of the Petitioner and running thereon Thirty-nine and
Ninety-nine Hundredths (39.99) feet SOUTHWARDLY by Wilson Lane and running thereon
Two and Seven and Fifty-one Hundredths (207.51) feet WE"TWARDLY by land now or
formerly the property of the Johnson Estate and running thereon Sixty-three and Twenty-
two Hundredths (63.22) feet NORTHWARDLY by land now or formerly the Property of B.C.
Malone and running thereon Twenty (20) feet WESTWARDLY by land.now or formerly the
property of the said B.C.. Malone and running thereon Twenty-eight and Eighty-eight
Hundredths (28.88) feet NORTHWARDLY by land now or formerly the property of Edwards
Stanley Malone and running thereon Fifty and One Hundredths (50.01) feet EASTWARDLY
by land now or formerly the Property of David George Russell and running thereon Sixteen
(16) feet NORTHWARDLY by land now or formerly the property of the said David George
Russell and running theron Forty-six (46) feet and WESTWARDLY by land now or formerly
the property of the said David George Russell and running thereon Seventy-three (73) feet
AND
AND IN THE MATTER OF THE QUIETING TITLES ACT, 393
AND
AND IN THE MATTER OF THE PETITION OF
GERALD KERR WHITELEATHER
The Petitioner, GERALD KERR WHITELEATHER, claims to be the owner of the
fee simple estate in possession of the pieces parcels or lots of land hereinbefore described and
the Petitioner has made application to the Supreme Court of the Commonwealth of The
Bahamas under Section 3 of the Quieting Titles Act, 1959, to have his title to the said land
investigated and the nature and extent thereof determined and declared, a Certificate of
Title to be granted by the Court in accordance with the provisions of the said Act.
Copies of the filed plan may be inspected during normal office hours at: -
(a) The Registry of the Supreme Court, Second Floor,
Anshacher Building. East Street, Nassau. Bahamas.
(b) The Chambers of HOPE STRACHAN & CO., Equity louse, Mount Royal
Avenue Nonh (Htawkins Hill), Nassau, Bahamas.
Notice is hereby given that any person having dower or right of dower or an adverse claim or
a claim not recognized in the said Petition shall on or before the 30'h November. A.D. 2007
file in'the Supreme Court and serve on the Petitioners or undersigned a Statement of Claim
in the prescribed form verified by an Affidavit to be filed therewith. Failure of any such
person to file and serve a Statement of Claim on or before the 30th day of November, A.D.
2007 will operate as a bar to such claim.

HOPE STRACHAN & CO.
Chambers,
Equity House,
Mount Royal Avenue North (Hawkins Hill),
Nassau, Bahamas.


THE AIRPORT AUTHORITY
LYNDEN PINDLING INTERNATIONAL AIRPORT
P.O.BOX AP-59222
NASSAU, BAHAMAS


The Airport Authority is seeking to recruit suitably qualified
Bahamians to fill the following positions:


1) Technical Officer in the Electronic Maintenance Unit


Applicants must possess an Associates degree in Electronic
engineering with three to five years experience in electronic
maintenance and have the ability to work with limited
supervision. Experience in Information Technology would be an
asset.


2) Management Accountant


Applicants must be a member or qualify for membership in The
Bahamas Institute of Chartered Accountants with three to five
years post qualification experience. The successful applicant shall
report to the Financial Accountant, and will be responsible for the
Financial Accouigtigig and Audit fniTHtions within The Airport
0' : ;-;!0 :": V"';' '.-,- ,. _-b:= : ..-* .. :
Authority. -. -


Qualified applicants must submit their Resume and copies of their
academic certificates along.with three letters of reference no later
than Monday, October 15th, 2007 to the:


Manager, Human Resources

The Airport Authority

Lynden Pindling Int'l Airport

P.O.Box AP-59222

Nassau, Bahamas


I


I )


11/1

I) I II _II














THURSDAY, OCTOBER ,, 2007, PAGE 15B


- .-IE TRIBUNE BUSINESS


*iOIC PAGE


Dennis


)|( Calvin & Hobbes )


West dealer.
East-West vulnerable.
NORTH
*Q6
VAK109
*K1052
+A63
WEST EAST
*A108 +K
VQ42 VJ875
+Q94 *J763
4KQ 10 8 49754
SOUTH
+J975432
V63
*A8
+J2
The bidding:
West North East South
1 Dble 2+ 24
Pass 2 NT Pass 4*
Opening lead king of clubs.
You naturally can't see the
defenders' cards when you're
declarer, but in the majority of cases
you're expected to win as many
tricks as if you did see them. Some
players call the ability to do this a
sixth sense, but it's really nothing
more than drawing logical conclu-
sions from the clues at hand.
Take this deal where West leads,
the king of clubs, which you win'
with dummy's ace. Whether or not


you make the contract resolves itself
into one simple issue: If you lose two
trump tricks, you make the contract;
if you lose three trump tricks, you go
down one. Aside from a club, you
have no other losers.
It is obvious that East cannot have
the A-K of spades, because West
would not have an opening bid with-
out at least one of them. It is there-
fore sensible to assume that West has
either one or both of them.
For this reason, it is best to tackle
trumps by leading them first from the
South hand. Declarer therefore
crosses to the ace of diamonds at
trick two and leads a low trump.
West produces the eight, and if
declarer plays the queen from
dummy, he loses three trump tricks
and goes down one.
However, there are good reasons
for ducking West's eight Declarer
knows that if the spades are 2-2, his
play does not matter because he can-
not lose more than two trump tricks.
He therefore assumes a 3-1 division.
It is highly unlikely, in view of
West's play of the eight, that he has
the A-K of spades. Accordingly,
South plays dummy's six on the
basis that East has either the single-
ton or doubleton, ace or king, and
winds up making the contract.


C-I R
words in
the main
body of
S I Chmbes 1.
21st.a oI

E O (1999 otanv nff
HOW many words of four letters
HOW many words of four letters 0o C, C.a
or more can you make from the o a E
letters shown here? In making a 00 o K10
word, each letter may be used aA1 ,
once only. Each must contain the > 1 0 06 0
centre letter and there must be e g S ~
at least one nine-letter word. a P v
No plurals.0 0a
TODAY'S TARGET g I
Good 19; very good 28; excellent '0 aa.o.ow'~
37 (or more). Solution tomorrow.


ACROSS
3 Tickle a goddess (5)
8 A refusal, in any case, will displease
(5)
10 Figure a nun's upset about the wed-
ding (5)
11 He's always short of time (3)
12 Great man, soldier and worker (5)
13 A doubly beastly name for tungsten
(7)
15 Put off, though due to start roaming
free (5)
18 Love, wild at heart, can give you the
slip (3)
19 One in the service of the sea (6)
21 A supermarket carrier (7)
22 As stolen from the Waterloo termi-
nus? (4)
23 Watch a number being possibly
broadcast (4)
24 Thus fortified with a little alcohol and
consoled (7)
26 Agitated in different ways, having
consumed fish (6)
29 A tin from Tuscany (3)
31 Mended the only bad part of a shoe
(3)
32 Accommodated three between both
ends of the bedl (7)
34 Official figure on a dial, perhaps (5)
35 For structural work, it may be A-OK
(3)
36 The value, to me, of flyaway writing
(5)
37 Frequently describes a child (5)
38 Staircase feature unfamiliar.to the
Spanish (5)


DOWN
1 Being ahead may be no loss where
pontoon's concerned (2,3)
2 Encourage with ease (7)
4 Mummy I'm badly hurt (4)
5 Best part of the weekend? (6)
6 Get into forbidden territory (5)
7 A lot of witches need many a cooker
(5)
9 Duck out of a line-up (3)
12 Being Spanish, required no legal
arrangement (7)
14 Carioca City (3)
16 Kept for reference in a new field (5)
17 About one bad day's cash (5)
19 Threatened to get me caned, possi-
bly (7)
20 Felicity's ignorance? (5)
21 Add up nearly all and call it the lot?
(5)
23 Posted away, thus made to go (4,3)
24 Unsuitably seated, yet unruffled (6)
25 Bit of a scare on the road? (3)
27 Helot's accommodation?. (5)
28 Name a noted figure in the family (5)
30 Are they pettish when one keeps
upsetting them? (5)
32 It can hurt more than a little (4)
33 Such a trick brings heady success
(3)


W cryptic solutions
ACROSS:8, Spa-ring 9,Taken over 13, A-miss 14,
O C(alling)-orgi 15, Pol-it-IC 16, Ragt-I'm-e 17, Dents
0(dense) 1, Right 20, Drive 22, Buckle (down) 23, Pun-is-
H 25, Compact 27, Can-la-ta 30, Slings 31, Do-pin-g 32,
SMarks 35, Even-t 36, Ti-mid (rev) 37, reverse 39, L-ater
on 41, Tang-0 42, Match 43, Assembled 44, Le-aniN-g
D DOWN: 1, Spring 2, Prest-IG-e 3, Knocked back 4, Pat-l-
ently 5, Tempes 6, Boiler suit 7, Meet 10, Barred 11, P-
rod-uce 12, Scotch 19, G-litter 21, I-do-lise 24, Danger
money 26, Page-turner 28, Committed 29, Binding30, St-
eel-y 32, Movement 33, See-the 34,Stand by 38, Rating
40,Testl


easy solutions
ACROSS: 8, Captain 9, Hollywood 13, Trial 14, Nurse 15,
Trachea 16, Rosette 17, Canoe 18, Sides 20, Salvo 22,
Resent 23, Sitars 25, Prosper 27, Lecture 30, Seesaw 31,
Depart 32, Admit 35, Nasal 36, Noose 37, Nervous 39,
Re apse 41, Alias 42, Geese 43, Buccaneer
44,Pounces.
DOWN: 1, Ladies 2, Stiletto 3, Lion-hearted 4, Hole in one
5, Platter 6, Sweatshirt 7, Cosh 10, Starts 11, Process 12,
Pauses 19, Diagram 21, Larders 24, Betting shop 26,
Snail's pace 28, Detonates 29, Rarebit 30,
Sentry 32, Arrogant 33, Tosses 34, Inferno 38, Opener 40,
Loud.


ACROSS
3 Hard work (5)
8 Engine (5)
10 Answer (5)
11 Barrier (3)
12 Carriage (5)
13 Deserved (7)
15 Regions (5)
18 Lettuce (3)
19 Signify (6)
21 Extraterrestrial (7)
22 Track (4)
23 Fewer (4)
24 Tripled (7)
26 Plaid (6)
29 Loose (3)
31 lae unlawfully (5)
32 Relating to drugs (7)
34 Gore (5)
35 Policeman (3)
36 Story (5)
37 Cash (5)
38 Strayed (5)


DOWN
1 Ideal (5)
2 Funny (7)
4 Street (4)
5 Chilled (6)
6 Type of saw (5)
7 Armada (5)
9 Pitch (3)
12 Cowboy film (7)
14 Hill (3)
16 Famous (5)
17 Feeling (5)
19 Tinkered (7)
20 Worries (5)
21 Bishop's headdress
(5)
23 Dictionary (7)
24 Higher (6)
25 Boy (3)
27 Book of maps (5)
28 List (5)
30 Writing material (5)
32 Act sullenly (4)
33 Deceive (3)


THURSDAY,
OCT 4


ARIES Mar 21/Apr 20
Anyone who tries to get you riled up
(no matter how easily that normally
happens) will be sadly disappointed.
You're saving up your energy because
you have bigger fish to fry.
TAURUS Apr 21/May 21
You are earthy, sensual and magical
this week, Taurus. Your rivals envy
you, but friends look to you for com-
passion and advice often this week,
especially with important projects.
GEMINI May 22/Jun 21
Don't expect to be very productive at
work this week, Gemini. Your emo-
tions get the better, of you and start
impacting your judgement. All will
work out by the end of the month.
CANCER Jun 22/Jul 22
You've forced yourself to smile and
deal bravely with the situations that
have presented themselves in the
past. Expect to be up for another
challenge, Cancer.
LEO Jul 23/Aug 23
A certain someone has been sending
signals your way, but you don't
know whether to act on them. The
answer is a definite "Yes!" Others
agree to proceed.
VIRGO Aug 24/Sept 22
You are in need of a hug, Virgo, and
this week presents challenges. Look
for someone who inspires you to pro-
vide some much needed TLC. Who
knows, it could turn into more.
LIBRA Sept 23/Oct 23
Have you been wondering if some-
one has been thinking about you
romantically? If so, initiate a casual
conversation and ask a few well-
placed questions to find out.
SCORPIO Oct 24/Nov 22
An unexpected phone call or knock
at the door may be from someone
you've missed, Scorpio. Be bold and
make the first move now before it's
too late.
SAG'ITARIUS Nov 23/Dec 21
A surprise is in store for you,
Sagittarius; However, the exact
day cannot be pinpointed. Be on
your best behavior arid enjoy the
anticipation.
CAPRICORN Dec 22/Jan 20
People are unusually drawn to you this
week, Capricom, and you can't figure
out why. Better check to see if you're
giving off new pheremones or just a
winning smile.

AQUARIUS Jan21/Feb 18
You've been extremely sensitive to
others' needs, Aquarius. Now is the
time to pamper yourself. A warm
bath and a good read sound like the
perfect plan.
PISCES -' Feb 19/Mar 20
You'll be the happy recipient of hugs,
love notes'and tender embraces when
you least expect them. Revel in all of
the attention.


ICHESSby eon ardBarden I


Dagne Ouksyte v Luke McShane,
European Union championship,
Liverpool 2006. London's top
grandmaster McShane, 22, was
seeded third for this prestige
event behind Nigel Shot, but he
nearly came badly unstuck as
early as round two. A blunder
against his Lithuanian woman
grandmaster opponent put
McShane'S black king on the
ropes and here White's queen,
rook and knight are dosing in
for the kill. McShane's last move
was Rcl -el, a desperate
attempt to create confusion.
Now 1 Qxel? Bxf4+ would
restore Black's advantage.
Cuksyte chose the obvious 1
Rxg6+ when fxg6? 2 Qxg6 is
checkmate but miraculously
after 1...Kh71 White has nothing
dedsive, Black escaped just a


a b C d a f g h
pawn down, and the ending was a
draw. But if Ouksyte had made the
right selection in the diagram
McShane would have had to
resign. What is White's winning
move?


LEONARD MDEN


Chess solution 829:1Q151 when If xf4+2 Qxf4+
and 3 Rxd winsa rook. f 1Qf5Rd3 2Rxg6+ Kh7 3
Rxg5+ leadsto mate


CRYPTIC PUZZLE


T













PAG HURSDAOCTBE4IN2007STHE I


'-- ", ;,--,
r. '
















.










i .-1 comfortable
I

















shoes, a hat and
bring binoculars
Sand a cool
S drink
,"_ :::


Welcome our

MIGRATORY

BIRDS back!


Join us on Saturday, P
October 6 at 8am
The Retreat,
Village Road

Join the Bahamas National Trust and
BirdLife International for a global
celebration Important Bird Areas Around
the World.

Members of the BNT's Ornithology
Group will conduct a birdwalk looking
for returning migratory birds.

Refreshments will be served after the
walk and a special exhibit will be on
display on the Bahamas IBA Programme.

Learn more about these 45 sites
which are essential for the
birdlife of the Bahamas and
provide essential habitat for
migratory birds. .


Technology funds



seen as safe haven


M By TIM PARADISE
AP Business Writer
NEW YORK (AP) -
Investors are betting that even if
the economy slows, people will
still turn to Google Inc. for
Internet searches and Apple
Inc. for iPods.
As these and other big name
stocks have soared in the past
year, they have given a big
boost to many technology
funds. And while tech has been
hot at various points since the
dot-com blowup, the latest run'
has been more sustained.
"Your Googles and Apples
of world are doing great.
They've really been really inno-
vative, which is what technolo-
gy is sort of all about," said
Karen Dolan, an analyst at
investment research provider
Morningstar Inc.
In the third quarter, tech
funds showed a 6.6 percent
return, according to Morn-
ingstar. The funds are up, 17.8
percent for the first three quar-
ters of the year and 24.9 per-
cent for the past 12 months.
"These funds did experience
a quick rebound in 2003, but
really tech funds have lagged
since the bubble burst," Dolan
said.
More recently, however, tech
funds managed to hold gains.
And since the Federal Reserve
cut short-term interest rates last
month, investors might have
further room for optimism.
Areas like information tech-
nology have been among the
best performers in the six
months after the Fed begins a
cycle of cutting rates, accord-
ing to Standard & Poor's data


going back to 1945. While no
one can say whether the Fed's
decision to cut rates last month
marked the beginning of an eas-
ing cycle, many investors think
so.
Ryan Jacob, portfolio man-
ager of the Jacob Internet Fund,
contends investors have been
looking to technology because
of solid fundamentals.
"Valuations really had been
pretty reasonable and now I
think investors are putting a
premium on growth given that
there are other areas of the
economy that are troubled," he
said.
Investors added $97 million
to technology funds in August,
according to fund tracker
Strategic Insight. While the
number is smaller than the $466
million investors put into tech
funds in July, the gain is notable
given the market gyrations that
occurred in August amid con-
cerns about the housing sector
and souring mortgage loans.
"The fact that investors are
looking at the technology sector
as being a safer place to invest
today means that the psycholo-
gy has really come full circle,"
Jacob said.
Indeed, the tech boom's
unforgiving end early in the
decade left many people leery
of tech investments.
"The broader trends in the
technology sector are very
healthy right now. The concern
is whether any slowdown we see
in the general economy spills
over into technology demand,"
Jacob said.
Despite strong returns from
some key names, investors
should keep tech investments
to a relatively small portion of


their portfolio, observers say.
"It's a risky proposition to
invest in technology. We're
clearly one of the more volatile
sectors you can invest in," said
Jacob.
But growth is a big draw.
"The Apple tide, the Cisco
tide, the Google tide, it's lifting
a lot of boats. Google and
Apple are in the top 10 of
almost every portfolio I see.
That's what concerns me a little
bit about it," Dolan said.
Dolan warns that the strong
performance of some widely
held stocks could mask weak-
nesses of some funds.
Apple has more than doubled
in price in the past year while
Google and Cisco have jumped
by almost half.
Noting that the tenure of tech
fund managers tends to be
shorter than for managers of
other fund types, Dolan said she
likes the Allianz RCM Tech-
nology Fund.
"It's one of the best manage-
ment teams in the sector. They
have demonstrated an ability to
find new technology the
innovative technology."
As tech funds can carry high-
er expense ratios, Dolan said
investors looking for low-cost
tech investments might consid-
er the Vanguard Information
Technology ETF. An ETF, or
exchange traded fund, is a secu-
rity that tracks an underlying
benchmark much like an index
mutual fund but trades like a
stock on an exchange.
"Be careful what you buy,"
Dolan said. "A lot of the man-
agers who are managing these
tech funds today weren't even
around during the boom and
bust."


BAHAMAS PROPERTY FUND LIMITED
CONSOLIDATED INCOME STATEMENT
FOR THE SXL MONTHS .ENDED 30JUNE, 2007
~Bna~P~


THREE MONTHS
ENDED
30.06.07


INCOME

RENTAL REVENUES
OTHER INCOME



OPERATING EXPENSES

BANK INTEREST
PREFERENCE DIVIDENDS
OTHER EXPENSES



FUNDS FROM OPERATIONS ( FFO )

AIAMORTISATION OF DEFERRED EXPENSES


..* |
.-". s .(-:
a. .". ,


929,773
5,230
935,003




264,666

92,317
356,982


578,020

(16,137)


ISL IMPORT!

Custom

BROKERAGE
M Made Easy!
......* BENEFITS ,*.....
*You can Compute Dutiable
charges for your imported items.
Print your own Custom Entry
forms. (C13, C43, etc.)
Generate Landed Cost reports
for all your items.


SIX MONTHS
ENDED
30.06.07


" '' I--


1,887,295
12,913
1,900,208




520,022

161,357
681,378

1,218,829


(33,676)


SIX MONTHS
ENDED
30.06.06


2.083,017
13.562
2,096,579




448,191
110,904
196,848
755,943

1,340,636

(44,395)

1,296,241
". i.,




S $0.54

$11.49


SISLBahalas
www.islba hana s.com












:_.?_ _- .-"__--. !'-:-:--- -:-- : ..... .


SAccess organized records of your .... ."r
Shipment History. f L ,
Make ISL Imports your best productivity tool! *CALL FOR A FREE DEMO
I o oI


Fed chief felt



the heat on



US credit



crunch


By JEANNINE AVERSA
AP Economics Writer
WASHINGTON (AP) He
wasn't in a boiler room Aug. 8
but Federal Reserve Chairman
Ben Bernanke certainly was
feeling the heat when he talked
by phone with Citigroup chair-
man Robert Rubin and con-
sulted with a host of bigtime
financial players amid a wors-
ening credit crunch that pushed
Wall Street into a nosedive.
Rubin, who was President
Clinton's Treasury Secretary,
telephoned the Fed chief at 5
p.m. on Aug. 8. That was one
day after Bernanke and his cen-
tral bank colleagues decided to
leave a key interest rate
unchanged even as fears
gripped Wall Street that fallout
from the housing slump, a mort-
gage meltdown and a deepening
credit crunch might short-cir-
cuit the economic expansion.
That information was con-
tained in documents obtained
under the Freedom of Informa-
tion Act by Ken Thomas, a lec-
turer in finance at the Univer-
sity of Pennsylvania's Wharton
School. Thomas provided the
documents to The Associated
Press.
The information simply lists
Bernanke's contacts through
the day. It does not provide
information about the content
of those meetings or telephone
calls. But it does provide a rare
glimpse into one of Washing-
ton's most mysterious institu-
tions.
Bloomberg News first report-
ed the Fed chief's contacts
based on Thomas' documents.
The Fed's Aug. 7 decision to
hold interest rates steady led
some Wall Street investors to
criticize the Fed as being behind
the curve in its handling of the
unfolding credit crisis. A few
days later, the Fed began to
pump billions of dollars into the
U.S. financial system to help
companies get over the credit
hump.
The documents also showed
that Bernanke on Aug. 9 had
separate meetings with Lewis
Ranieri, founder of Hyperion
Capital Management Inc., and


Raymond Dalio, president of
Bridgewater Associates.
Just 10 days after the Aug. 7
meeting, the Fed slashed its
lending rate to banks in an
effort to calm the growing finan-
cial turmoil. The Fed also
offered a more grim assessment
of the country's economic out-
look.
That same day Aug. 17 -
Bernanke talked over the tele-
phone with Bank of England
Governor Mervyn King.
Bernanke also was in close
contact with Treasury Secretary
Henry Paulson, the documents
showed. Paulson was chief of
financial powerhouse Goldman
Sachs before taking the Trea-
sury helm last year.
According to the documents,
Bernanke on Aug. 21 had a
meeting with Paulson and Sen-
ate Banking Committee Chair-
man Chris Dodd, D-Conn.. who
is vying for his party's presi-
dential nomination.
Bernanke had a telephone
call from John Brennan, chair-
man and chief executive officer
of the Vanguard.Group, on
Aug 23, and took a call the fol-
lowing afternoon from Don
Leclair, chief financial officer
of Ford Motor Co.
A spokesman for the Federal
Reserve declined to comment
on Bernanke's telephone calls
and meetings outlined in the
documents.
The Fed took its most aggres-
sive action to stem the crisis on
Sept. 18. At that time, the Fed
sliced its most important inter-
est rate, called the federal funds
rate, by a bold one-half per-
centage point to 4.75 percent.
It was the first time in more
than four years the Fed lowered
this key rate.
The funds rate, the interest
banks charge each other on
overnight loans, affects a wide
variety of interest rates ch.i ged
to millions of consumers and
businesses. That's why it is the
Fed's most potent tool for influ-
encing economic activity.
On the Net:
Federal Reserve:
http://www.federalreserve.gov/


4


THE TRIBUNE


S1


PAGE 16B, THURSDAY, OCTOBER 4, 2007


.. v9-