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Permanent Link: http://ufdc.ufl.edu/UF00084249/03038
 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: 11/15/2007
 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
System ID: UF00084249:03038

Full Text











DAY NOV. 18
HIGH 83F
LOW 70F

/ CLOUDS, SUN,
v T-STORM


The


Tribune


BAHAMAS EDITION


I


U


in


Minister makes


announcement


* By RUPERT MISSICK Jr
Chief Reporter
rmissick@tribunemedia.net
THE publicly owned
Bahamas Agriculture Indus-
trial Corporation is millions of
dollars in debt and cannot con-
tinue to exist without increased
government assistance or rad-
ical changes in the operating
model, Agriculture and
Marine Resources Minister
Larry Cartwright announced
in parliament yesterday.
Audited reports on the
Bahamas Agricultural and
Industrial Corporation's finan-
cial position over 2003 and
2004, tabled yesterday by the
minister, show that the corpo-
ration was in debt by $1.6 mil-
lion and $812,586 respectively
in those years.
Mr Cartwright said that in

BEC criticised in

election court
By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net
THE LACK of full coopera-
tion by the Bahamas Electrical
Corporation with providing infor-
mation to the election court, and
the act of making notations sur-
rounding whether or not people
lived in Pinewood, was described
as "contemptuous" and "disgust-
ing" by Senior Justice Anita Allen
yesterday.
Representatives from the
SEE page 15


2002 BAIC lost $942,942, fol-
lowed by a $1.6 million loss in
SEE page 12
N RETRACTION
FORMER Prime Minis-
ter Perry Christie took
exception yesterday to a
front page sub-headline in
The Tribune that alleged
that he is now receiving the
parliamentary salary that
Prime Minister Hubert
Ingraham was accused of
accepting prior to the May 2'
general elections.
Mr Ingraham, in his con-
tribution to the House of
Assembly on Monday
referred to Mr Christie
receiving the "perks" that
he was chastised for not
the salary.
The Tribune 'apologizes
for the error.


Layes ee*pyciari
evauaionfrmudrcovc


$


IAN HUTCHINSON outside of
court yesterday
0 By NATARIO
McKENZIE
ATTORNEYS for Ian
Hutchinson made an appli-
cation in the Supreme
Court yesterday to have the
murder convict undergo a
psychiatric evaluation.
Hutchinson was con-
victed on September 19 of
the brutal murder of soft-
ball star Jackie Moxey, 44.
Prosecutors claimed that
Hutchinson on October 25,
2005, lured his late girl-
friend from her job at
Bahamas Information Ser-
vices (BIS), took her on a
drive that ended in the
Clifton Pier area where he
gave her a brutal beating
which resulted in her death.
Jealousy was the motive for
the killing, according to
prosecutors who noted that
Hutchinson was obsessed
with Moxey and incensed
over allegations of her infi-
delity. The Crown is seek-
ing to have Hutchinson
receive the death penalty
on the murder conviction.
Hutchinson appeared
before Supreme Court Jus-
tice Jon Isaacs shortly after
noon yesterday for his sen-
SEE page 13


n ga


S


Minister claims amend
regulations threw the I


Concerns

over fake

lawyers
* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
CONCERNS have been
raised that there might be
unqualified persons passing
themselves off as lawyers and
operating in Grand Bahama.
Supreme Court Justice John
Lyons addressed this concern
in a recent ruling in a case
involving the Success Training
College Limited.
Justice Lyons said that if
there are indeed persons in
Freeport purporting to do legal
work "when they are neither
qualified or admitted to do so",
the Bar Association should set
up a sting operation and "get
these persons off the streets."
In the Success Training Col-
lege case, the defendant Dr
Clyde Phillip represented him-
self. However, Justice Lyons
pointed out that it is "very obvi-
ous" that Dr Phillip received
"some expert help in preparing
his pleadings and the prepara-
tion of his affidavit evidence."
In his ruling Justice Lyons
said that Dr Phillip must ha\e
either received help from "a

nents to sportfishing
industry in 'disarray'


* By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net
AMENDMENTS to the sportfishing regulations under the pre-
vious government have thrown the industry into "disarray" and led
to cancellations of tournaments and revenue loss for Family Island
hotels and marinas, Minister of Agriculture and Marine Resources
Larry Cartwright said in parliament.
Introducing new sportfishing regulations in the House of Assem-
bly, the minister said that the new catch limits for foreigners will
SEE page 13
Missing man's
'car is found'
FREEPORT- .According to
pohCe reports. the %ehicle of a
nmissine Grand Baihama man
uas Iound in the Freport area.
Kenneth Lighthouir ne. a resi-..
dc-n ol South Bahllarnia, as
ic poi ied mrinig onNl Monda ibN
con n1ld.L Ilnil; members.
N h Lighthour ne, who is in his
SEE page 15


lawyer who was doing it for
nothing or it was help received
from persons in Freeport who
hold themselves out as lawyers,
but who are not so qualified."
"I have some experience of
Freeport. I have heard rumours,
shall I say," the judge said.
Justice Lyons said that if Dr
Phillip was helped by a lawyer
for a small fee who was not
prepared to act fully on behalf
of the defendant or was just
being a helpful "moonlighting"
lawyer then no harm was
done.
BHowever, when people hire
unqualified persons to repre-
sent them in court cases, the
SEE page 13


PM criticises
contingency funds
used to defray
govt expenses
PRIME Minister Hubert
Ingraham yesterday criticized
contingency funds being used
to defray government expens-
es, a practice used for years by
both the FNM and PLP gov-
ernments.
Speaking in the House of
Assembly, Mr Ingraham said
he had no idea that the former
Prime Minister, PLP leader
Perry Christie would have tak-
en the "bad habit" of signing
off on such contingencies, to
cover excess capital expendi-
ture, to such a new level.
"No effort was made what-
soever to comply with the
requirements that must be met
prior to the issuance of a con-
tingency note: None whatso-
ever. It became quite routine,"
Mr Ingraham said.
The Prime Minister said
there are times during any year
when a government would
SEE page 14


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PAGE THUSDAYNOVEMER 15 2007THE TIBUN


Call 380-8RSA!
Our HELPLINE HEROES will save the day!


Bumper Christmas event promised

Santa Claus is

coming to Mall at

Marathon parade


Santa Claus is coming to the
Mall at Marathon's tenth annu-
al Christmas Parade.
This year's parade will be the
best ever according to Bob
Stevenson, Mall general man-
ager..
Scheduled to march in this
year's parade are the following
groups, bands and organisa-
tions:
* Police cars, fire engines, and
police motor cycles
* The Royal Bahamas Police
Force Band
* The C R Walker High
School Band
* The Aquinas College Band
* Chickie,
* Miss Wendy
* The Nassau Guardian,
* The Mall at Marathon
Marching Staff
* Miniature Miss Talented


Bahamas May Roberts, 4
* Petit Miss Talented
Bahamas Gevante Dean, 7
* Little Miss Talented
Bahamas Chardonnay Toote,
10
* Santa Claus
The parade will start at the
Galleria Cinemas parking lot,
continue to the Strip Centre
near Domino's Pizza, past First
Caribbean Bank and Wendy's,
then past Kelly's House and
Home, and ending at the Mall's
main entrance.
The police band will parade
to the food court where patrons
will be entertained with
karaoke; there will be a bounc-
ing castle and free balloons and
giveaways for children.
The parade starts promptly
at noon on Saturday, Novem-
ber 17, organizers said.


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& start filing your claim on the Vpot!

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the 380-SRSA trueL RSA customers will get a $50 gas voucher!
promotion ends 11. 30. 2007


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FRIENDLY RELATIONS: Deputy Prime Minister and Minister of
Foreign Affairs Brent Symonette accepted fetters of commlseao-
from Ned See, the United States Ambassador (Designate)- toie
Bahamas, during a courtesy call at the Ministry of Foreign Affturs,
Goodman's Bay Corporate Centre. Talks centred on continuing the
close multi-lateral relations between The Bahamas and the Unt-
ed States.


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THE TRIBUNE


PAGE 2, THURSDAY, NOVEMBER 15, 2007








THE TRIBUNE


In brief


Woman

pleads

guilty to

marijuana

possession
A 32-YEAR-OLD Eleuthera
woman pleaded guilty in Mag-
istrate's Court on Tuesday to
possession of 128 pounds of
marijuana.
Gloria Marie Sawyer, 32, of
Hatchet Bay. Eleuthera,
appeared before Magistrate
Carolita Bethel on Tuesday.
She pleaded guilty to posses-
sion of marijuana with the
intent to supply.
Court dockets state that
Sawyer was found in possession
of the drug on September 30..
She was initially arraigned on
October 5. At that time she
pleaded guilty but later changed
her plea to not guilty and was
granted $80,000 bail.
On Tuesday, however,
Sawyer changed her plea to
guilty and was sentenced to
three years imprisonment.
According to police, 128
pounds of marijuana was found
in the trunk of a grey 1995 Toy-
ota Corolla which was onboard
the Island Link.
Magistrate Bethel also
ordered that the vehicle be con-
fiscated.


Documentary

on National

Youth Service,

poetry and

IPPUAA story

A Bahamian documentary
on National Youth Service,
poetry and the IPPUAA story
will be screened at 8pm Fri-
day November 16, at the
Simpson C Penn Theatre,
GBI Recording and Televi-
sion Studios building on the
Queens Highway in Grand
Bahama.
The evening will conclude
with grade 12 students Lance
Darville and Jameka Farring-
ton presenting arguments for
and against National Youth
Service.

Universities

launch new

programme to

recruit math,

and science

teachers

TALLAHASSEE, Fla.
THE University of Florida
and Florida State University
may be arch rivals in athletics,
but they joined forces Wednes-
day to announce a $10 million
programme designed to attract
math and science majors into
teaching careers, according to
Associated Press.
Each university will receive
up to $2.4 million over five
years from the National Math
and Science Initiative, a not-for-
profit organization created by
ExxonMobil. The programme
will address what school offi-
S cials said is one of the nation's
S greatest economic and intellec-
S tual threats.
That's the declining number
of qualified science, mathemat-
ics and computer science teach-
m ers in the nation's elementary,
middle and high schools.
Both universities also will get
$1 million each from the Helios
Education Foundation, another
not-for-profit organization.
With matching state money,
reach school will have about $5
million.
"To flourish in the 21st centu-
ry, the United States must con-
tinue to generate intellectual
capital that can drive the
research and development activ-
ities that fuel our economic


engine," said Florida State Pres-
ident T.K. Wetherell.
University of Florida Provost
Janie Fouke said the program
will help "head off a scientific
brain drain by putting bright sci-
entific minds into teaching posi-
tions."


Fetiie, Fungicide,



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THURSDAY, NOVEMBER 15, 2007, PAGE 3





Sea Hauler tragedy victims



'sorely displeased' with govt


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
VICTIMS of the 2003 Seaq
Hauler tragedy are "sorely dis-.
pleased" with the current gov-.
ernment Prime minister Hubert
Ingraham in particular- for fail-
ing to approach them with a res-
olution to their concerns.
Spokesman for the victims,
Lincoln Bain yesterday criticised
Mr Ingraham for his "lack of
response" to two letters and four
phone calls about the matter
which were allegedly directed to
him in recent months.
"I am calling on the govern-
ment to do the honourable thing
and at least have the decency to:
one, meet with people and two,
let them know what the stance
is in relation to this whole issue,"
said Mr Bain.
Responding to Mr Bain, the
Office of the Prime Minister
issued a statement yesterday
evening suggesting that only one
letter had been received.
"The Office of the Prime Min-
ister received a letter from attor-
ney Michael T Smith on May 17,
2007, asking the government for


PRIME MINISTER Hubert
Ingraham (above) was
criticised by the victims'
spokesman Lincoln Bain.

an out of court settlement of $12
million to the Sea Hauler Vic-
tims," said the statement.
The OPM said that this was a
demand that the government
"was not prepared to counte-
nance", adding: "We assumed
therefore that the parties would
take the matter to court."
The statement alleges that the
office did respond to the Mr
Smith's letter on June 14,
"acknowledging receipt and indi-


eating that the government was
giving the letter its due atten-
tion."
It then forwarded to the Office
of the Attorney General on June
14, 2007, the statement said.
The victims initiated a legal
action against the government
earlier this year, but were hoping
that the government would settle
out of court over the tragedy,
which saw four people lose their
lives and 25 others suffer injuries
when the Sea Hauler mail boat
and the United Star barge col-
lided in the middle of the night
almost three years ago.
One was on its way to Nassau
while the other, overcrowded
with holiday-makers, was travel-
ling to the Cat Island Regatta.
Convened in 2004, a govern-
ment appointed Wreck Commis-
sion found the government-run
Port Department partly liable for
the accident. It also said that the
Sea Hauler had been "non-com-
pliant" by allowing too many
people on board.
Yesterday the Office of the
Prime Minister also acknowl-
edged having been contacted by
two of the victims.
"The Office spoke with both


Group calls for government to make passage

of environmental protection act a priority


* By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
AN ENVIRONMENTAL
organisation is calling for the gov-
ernment to make the passage of
an environmental protection act a
priority or else risk forever com-
promising or destroying the
Bahamas' greatest assets for
future generations.
The Save the Bahamas Asso-
ciation a group of family island
associations committed to pro-
moting environmentally sustain-
able development would also
like to see the environment "tak-
en out of the hands of politicians
who are only there for the short
term and whose MO (modus
operandi) is expediency not long
term nation building."
Creating an independent statu-
tory body with responsibility for
reviewing all applications for per-
mits to develop Bahamian land
and sea resources would be a step
towards achieving this necessary
end, it suggested.
Their call has been issued in
the wake of a report in Saturday's
Tribune that some of the Bahami-
an Out Islands were evaluated as
suffering from "exploitation of
their natural environment" and
a "loss of everything Bahamian"
by renowned magazine National
Geographic Traveler.
Yesterday, the SBA called on
the "FNM government to not be
the 'wutless' government that the
PLP was and pass an environ-
mental protection act at the
beginning of its term noi to
proceed for five years talking
about environmental legislation."
In the National Geographic
survey, released last week, the
Out Islands, along with 111 other
islands were awarded points
according to the degree to which
their touristic development is sus-
tainable or evidences "overkill"
to the detriment of the local envi-
ronment and population. 522
expert panelists in the fields of
sustainable development and des-
tination stewardship were


involved in the survey.
While panelists commented
that the Bahamian Out Islands
are "some of the most beautiful in
the world", the islands scored 66
points, placing them in a catego-
ry in which islands were said to be
experiencing "minor difficulties"
in, terms of the sustainability of
their tourism.
The SBA said the need to
"protect so much of the ecologi-
cally and environmentally sensi-
tive areas of the Bahamas to be
found in our pristine family
islands" is an urgent one.

Tourism
lf.protected, tourism and resi-
dential developments can be
"guaranteed...for many, many
generations to come." However.
if the government continues to-
press on with "short term return
policies", allowing "development
to go unchecked as it is doing
now", the future of generations of
Bahamians to come will be jeop-
;trdised, with the loss of the land
and marine resources which sup-
port so many of our jobs and pro-
vide our food.
Bahamian wetlands and man-
groves, currently under attack
from developments in many parts
of the Bahamas, are some of this
country's "treasures" which will
soon become its victims if such
action is not taken, noted the
association.


In the FNM's Manifesto 2007
the party promised that if elected
it would "adopt and implement
policies to protect and enhance
our environment", as well as act-
ing to "reconstitute the Bahamas
Environment Science and
Technology (BEST) commission
as an independent statutory
body."
Yesterday, the SBA reiterat-
ed the BEST commission is not
sufficient to protect the Bahamas'
environmental heritage.
"The government needs to
stop pretending that the BEST
commission has any kind of
supervisory or regulatory role and
maintaining environmental over-
sight through the Office of the
PM," said the environmental
group.
Adding that the association
"does not oppose development".
the SBA said that an indepen-
dent environmental oversight
body,. "not beholden to any polit-
ical party". should take on the
responsibility for considering
applications by Bahamian and
foreign developers and develop-
ment applications to district coun-
cils in the family islands.
"It would review the impact of
proposed small or large develop-
ments, whether they be touristic,
commercial, industrial or resi-
dential to ensure that any devel-
opment meets the balanced cri-
teria for sustainable development
and protection of the environ-
ment," suggested the SBA.


persons. The victims were assist-
ed by the office through referral
to the Department of Social Ser-
vices," said the statement.
The crash victims previously
expressed hope that they would.
see a swift and "just" resolution
to the matter once the FNM
came to power, after finding the
former PLP government failed
to live up to its promises to pro-
vide assistance a fact which the
FNM themselves criticised the


former government for.
Yesterday, Mr Bain warned
that should the FNM continue to
mirror the "lackadaisical atti-
tude" which he alleged the PLP
took towards the situation, he
and the victims would have to
"deal with them accordingly."
The Sea Hauler victim's plight
became a high profile issue in
2006 after a series of protests
against the former governmen-
t's failure to react.


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5O / 5 Days November 147- 19

OOff 50-75%o
Our entire stock of everyday Discontinued
Artificial Flowers and Bushes Christmas Decorations
Hundreds to choose fron I "A


e o O* -8" pointsettia picks
Tube of Ornaments- 99 were $1.99..........................Now 990
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were $1.00.......................... Now 500
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The Mall-at-Marathon
BOX OFFICE OPENS AT 10:00 AM DAILY


BEOWULF NEW|1AM135|WA 1600|M:25 |145
I I AAImmultwmUo 4-m 1A I .tA I WA I .JA I .An lifAAA II


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MR. lOAuuniun nunucn nciR t iv 1291 r= pIA CIO IM 19
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i un u~- rn-inum wnmnrR-








THE TRIBUNE


AP GE 4 THURSDAY NOVEMBER 15, 2007


, *RA 6 T HEEITOR


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

LEON E. H. D UPUCH, Publisher/Editor 1903-1914

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

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


We would call it more than 'wutless'


IN THE House of Assembly on Monday,
Prime Minister Ingraham, gave an "abbreviat-
ed reminder" to the Opposition of how they
behaved "when they were swaggering in pow-
er."
All of Monday's session was devoted to the
Opposition's attempt to remove Speaker Alvin
Smith from the Chair for ruling that when Mr
Ingraham in his debate in the House of Assem-
bly called the Opposition "crew" "wutless" for
their handling of the judicial system, the word
used in that context was not unparliamentary.
Mr Ingraham reminded them of the days
when sitting on the government benches they
berated and ridiculed Mr Smith when "he had
the difficult job of leading the Opposition" in
the House.
"In my view," said Mr Ingraham, "members
opposite are in a state of shock because they
now find that they cannot intimidate and bend
this gentleman to their will."
He also reminded them that he could hardly
open his mouth in the House at that time
because of the way,they would "heckle and
hurl abuse and insults at me."'
He said he wouldn't speak of "the abuse,
the distortions and outright lies told on and
about"'him by former MP Bradley Roberts.
He was referring to the way PLP MPs tried to
smear him by claiming that he "double-dipped"
by receiving both his pension and his MP's
salary while an MP in opposition in the House.
This was not true, of course, but the PLP had
decided to allow the late Sir Lynden Pindling to
do just that through his widow after his death.
The PLP government had agreed the arrange-
ment, and so, it would seem that it was impor-
tant to prove that Mr Ingraham .had done the
same thing. It had to justify the position it had
taken about paying Sir Lynden's pension to his
widow for the five-year period before he had
retired from the House when he was still being
paid an MP's salary. Sir Lynden's pension was
not to start until he retired. It was in June, 1997
that the Prime Minister's Pension Act came
into effect.
In fact this was the arrangement made
between Mr Christie, Sir Lynden and Mr Ingra-
ham. Therefore, no pension was paid for the five
years that Sir Lynden was being paid as MP.
However, when Mr Christie became prime min-
ister it was argued that Sir Lynden's widow was
owed the five-year pension regardless of the
fact that Sir Lynden had already received his
MP's salary.
Mr Ingraham argued that if it were accepted
that the pension payments were due to the late
Sir Lynden between August 1992 and July,
1997, then the $250,000 salary that he had
received during that period should be refunded.


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To do otherwise would be to double-dip. Lady
Pindling, as Sir Lynden's widow, was paid the
five-year pension. Sir Lynden's salary for that
period was not refunded.
When Mr Ingraham was defeated as prime
minister in 2002, but was returned as an Oppo-
sition MP, he chose, as did other defeated
Caribbean parliamentarians under similar cir-
cumstances, to receive his pension, but not his
MP's salary. He made it clear that although he
was entitled to an MP's salary of $28,000 he
would not accept it as he was already receiving
it as a part of his pension. He did not intend to
"double-dip."
Then suddenly, three years later, Mr Fred
Mitchell jumped to the podium and accused
Mr Ingraham of "double-dipping" being paid
his parliamentary salary twice. It was a lie.
Mr Ingraham produced a letter from the
Treasury Department and the Ministry of
Finance to disprove the lie. No, said the depart-
ments, for the past three years Mr Ingraham
had received no salary.
Although Mr Mitchell this week decried
what he claimed was government's attempts to
turn a lie into the truth, that is just what the
Christie government determined to do with the
Ingraham salary. Somehow if there had been
"double-dipping" in the Pindling case, it was
important for public perception that Mr Ingra-
ham also be seen to have double-dipped.
And so one day when Mr Ingraham was out
of town, the Treasury was instructed to have the
bank transfer the lump sum for the three unpaid
years to the Ingraham account. The Treasury
refused Mr Ingraham's attempt to return it.
However, when the monthly cheques con-
tinued to be written from the Treasury to his
account, the bank was instructed not to cash
them. They remained in the Treasury.
"Wutless" is a saint's word compared to how
we would describe such a slimy, underhand
trick.
And so it was against this background on
Monday that Mr Ingraham said: "I find it not
only interesting but amusing that the parlia-
mentary salary I was accused of accepting as a
retired prime minister was in fact paid in respect
of my predecessor (Sir Lynden) in office, indeed
paid by them (the Christie government). It was
appropriate and correct for my predecessor (Sir
Lynden) to receive such payments, but not me.
Now, the perks I was accused of greedily accept-
ing as a former prime minister are now enjoyed
by the Hon Member for Farm Road and Cen-
treville" Mr Christie. "We in the govern-,
ment are not surprised that there is no opposi-
tion to these payments from those Opposite;
they believe, and believe firmly, that they are
entitled."


Proceedings


in


house on


november


EDITOR, The Tribune.
IT IS with much regret that
I write to you once again.
On Monday, November 12,
2007 those of us who watched
the proceedings of Parliament
were once again shown why
there is so much trouble in our
Bahamas.
It brought back memories
of my childhood when we
would play games and there
were some children who
because they did not win they
would cry and carry on say-
ing they were not going to
play anymore.
Whatever institution there
is it will fail if there are no
rules to govern its operation.
It has been refreshing for
the past five months to see a
Speaker in Parliament who
has tried his best to raise the
perception of the chair to a
level that it should be.
We are supposed to be liv-
ing in a Democracy, the defi-
nition of which should be "to
demonstrate common sense."
However it appears that
Common Sense is a rare com-
modity these days.
The Opposition should be
ashamed of themselves for
bringing this resolution to Par-
liament unless they all have
Alzheimers about the level
that the chair fell to from 2002
to 2007.
Even under Sir Lynden the
chair in Parliament was never
as one-sided as it was from
2002 to 2007.
Yes, I agree that Parlia-
ment should set standards for
the rest of the Bahamas to be.
proud of, but in doing so there
are many Rules which should
be changed, one of which is
no member of Parliament
should be allowed to say
something on the floor about:
an individual who is not a
member because that individl-
ual has no legal recourse.
The former Prime Minister
said in his contribution that
when Alvin Smith was made
Speaker they all voted for him
and he personally believed
that Alvin would do what was
right and honourable. .
Well he was very right, and
just because Alvin would not
let him have his own way iit
does not make Alvin any less
honourable.
I also heard the former
Prime Minister say that lie
would address the issue of
cockroaches during his coia-


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tribution, but, alas, he forgot
to do so.
My friend, Picewell, you
have had for a long time a
yearning to be in Parliament,
so now that you are a member
do not let Alzheimers set in
because I know, and the
Bahamian public knows, that
you are quite aware of what
happened in Parliament over
the last five years, and no mat-
ter who tries it will not be
erased from the people's
memory.


12


So, please, for the better-
ment of our Bahamian broth-
ers and sisters, all members of
Parliament should conduct
themselves the way the Hon-
ourable Alvin Smith does, like
ladies and gentlemen and set a
standard for our children and
grandchildren to emulate,
then we will be well on our
way to dealing with our crime
problem, because if you do
what is right then you will
have God on your side and
with his help no one can go
wrong.

ABNER PINDER
Spanish Wells,
November 13, 2007


How can I protest work

permit being issued?
EDITOR, The Tribune.
I MUST ask about the work permit process. If I am eligible
for, and have been approved for a job that I see advertised, how
can I protest a work permit being issued for the same job?
I see Bahamians passed over for jobs we are qualified for. So
I ask, how does the Immigration Department qualify a work per-"
mit? Just because a job is advertised in the paper and the
employer says they have had not suitable candidates is this
enough? Shouldn't an affidavit be filed to swear no Bahamian
candidate is available? The consequences of defying a court doc-
ument would therefore be of some weight.
Instead of just reading and talking can we please do!
NAME WITHHELD WHILE SEEKING A JOB!
Nassau,
November, 2007.

Public safety in shopping

centres has to be priority
EDITOR, The Tribune.
PUBLIC safety in shopping centres has to be a priority for the
police 24/7-365 days a year as there are hundreds of innocent per-
sons, some not so young who are seemingly being targeted by criminals.
I specifically am concerned for this City Meat, John S George,
Lowe's Pharmacy and Starbuck shoppers in Harbour Bay Shopping
Centre. Further the ATM area of any bank.
I am aware of at least three to four handbags snatching in Harbour
Bay over the past few days:
Many elderly persons frequent this shopping centre especially those
retail stores I have listed and therefore the police and the owners of the
shopping centre must take all precautions to ensure public safety is
assured at all times.
Of course I can avoid this area and shop elsewhere.
E KNOWLES
Nassau,
November 14, 2007.




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i HURSDAY, NOVI-VIBER 15, 2007, PAGE 6


THE TRIBUNE


LC NE


0 In brief



PM to

attend

CARICOM

meeting in

Barbados

Incoming
chairman of
CARI'COM,
Prime Minis-
ter Hubert
Ingraham,
will attend the
CARICOM
Bureau of
Heads of
Government Meeting in
Bridgetown, Barbados.
The bureau manages the
affairs of the community
between meetings of the full
Conference of Heads of Gov-
ernment. The prime minister
will depart Nassau today and
return on Saturday.
During the prime minis-
ter's absence, Deputy Prime
Minister Brent Symonette
will act as prime minister and
Minister of State Zhivargo
Laing will act as Minister of
Finance.


'Ninety' before US Grand Jury for first time


* By CHESTER ROBARDS
FORT LAUDERDALE,
Florida Samuel 'Ninety'
Knowles sat before a US Grand
Jury for the first time on Tues-
day.
He appeared before Judge
James Cohn in courtroom 203
of the Federal Courthouse here.
Knowles sat far back in his
chair while his defence attor-
ney Jacob Rose and federal
prosecutor George Karavetsos
considered the jury pool.
Judge Cohn began the pro-
ceedings by interviewing the
jurors, asking them a series of
questions.


He asked: "Do any of you
know Samuel Knowles," to
which no juror answered in the
affirmative.
The judge called on each
potential juror, inquiring if any
of their personal situations
would inhibit their impartiality
in the case.
Knowles did not seem to take
much notice of the selection
process, only looking around
the courtroom when Judge
Cohn asked potential jurors if
they might have any biases dur-
ing the trial because of the
defendant's Bahamian nation-
ality, to which the jurors again
answered in the negative.


Several jurors were approved
of by the defence during the
selection process because of
some of the views they


expicsscd. ,
One jui or remarked that
offering witnesses a plea agree-
ment of a possible reduced sen-
tence lor testimony against the
defendant would be "unfair".
The judge mentioned Nehru
Newton, Glenmoy Riley, Carl-
lan Cambridge, Gary McDon-
ald and Derrick Blake, as those
who could possibly take the
stand against Knowles.
Knowles received temporary
reprieve from his state issue
prison uniform, appearing in a
blue long sleeved shirt and kha-
ki slacks. He was clean shaven
with his hair picked out into an
afro.


His family occupied two and
a half benches in the courtroom
but had no contact with him.
Knowles never turned to look
at them, but would occasionally
focus on whatever was on the
table in front of him, then
recline again in his chair.
The trial will begin after each
side, the government and the
defence, has had input into
selecting the 12 jurors. Up to
the lunch break, the prosecu-
tion and defence had agreed on
10 jurors. Two jurors requested
leave, one because she was a
college student and the other
because he had thanksgiving
plans. ,


Aquinas in 'state-of-the-art' move


* By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
AQUINAS College is poised
to become a "premier" sec-
ondary institution as adminis-
.trators move forward in their
plans for the relocation of the
high school from its current
location on Madeira Street to
a "state-of-the-art" complex on
Gladstone Road.
After years of deliberation,
the Catholic Board of Educa-
tion yesterday announced its
accelerated plans for the pro-
posed relocation.
Archbishop of the Catholic


ARCHBISHOP PATRICK PINDER (far right) speaks Wednesday during a
announce the project. (INSET) A proposed model for Aquinas College.


Diocese Patrick Pinder said a
time-line for the construction
should be finalised as soon as
the board has completed its
costing exercise.
At an assembly held at the
Garfunkel Auditorium on
Madeira Street to officially
announce the project, Arch-
bishop Pinder told the crowd of
enthused students and faculty
that the plans for the new site,
although conceived under the
watch of former Archbishop
Lawrence Burke, are now being
"fervently expedited" during his
tenure.
As an ex-faculty member of
Aquinas College, the archbish-

















special assembly to officially


op speculated that the school's
relocation will catapult the sec-
ondary institution into one of
the premier private highschools
in the country.
Many students express,'
their eager anticipation of th,.
new school, particularly the
upgraded facilities which will
come along with the move.
"We've been hearing about
it for a little while and I'm hap-
py that it's really happening,"
Darrin Woods, an llth-grader
said after the assembly.
"I really hope that by the
time my graduation comes, we'll
be in the new location because I
really want to be the one, to say,
'Hey, I graduated from the fiew
Aquinas'."
The plans for the new school,
which have already been
approved by the Ministry of
Works, include an administra-
tion complex, specialist rooms,
and a swimming pool.
The new site will accommo-
date the existing student body
of 500 while being "technologi-
cally advanced", "user friend-
ly" and "futuristic", Archbishop
Pinder said.


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cbrennen@tribunemedia.net
THE Bahamas is the seventh
most popular destination world-
wide in terms of assets domi-
ciled, and boasts hedge funds
that are among the top 10 per
cent worldwide in size, the
Prime Minister said yesterday.
Opening the Hedge Fund
World event at Atlantis yester-
day, Hubert Ingraham said this
achievement was despite the
fact the Bahamas lacked the
physical presence of many top
prime brokerage operations,
which the country would like to
welcome to Bahamian shores.
"I am advised total assets in
the hedge fund sector exceed
$1.8 trillion dollars, with some
estimates as high as $2.5 tril-
lion. The offshore sector is the
most important in terms of
domicile, with almost 50 per
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The Prime Minister said
much has happened in the fund
industry, and today the phrase
"hedge fund" captures a wide
variety of strategies, assumed
risks, liquidity and domiciles.
Mr Ingraham said hedge
funds and their influence on the
financial markets was,a topic
which is rarely absent from the
media at the moment. "As reg-
ulators look around for lessons
to be learned from the present
credit crunch, this is perhaps an
appropriate environment for
the continuing dialogue on the
regulation of the hedge funds
industry," he said.
"There is the tendency to
over-reach in times of crises,
and one hopes the regulators
get this decision right, since it
will likely have a profound


impact on the further develop-
ment of your industry."
The Prime Minister said there
appears to not be a clear con-
sensus on the right approach to
regulation.
"Some believe it can be done
through dialogue and vigilance
versus registration. Others
believe it can be done by focus-
ing on prime brokers as a means
of monitoring risks. The United
Kingdom and the United States
have taken different approach-
es, with the former taking on
more dialogue with participants
over the years, while in the US
there have been attempts to
increase regulation through reg-
istration," the Prime Minister
said.
However, he added that per-
haps the industry feels that it is


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already supervised enough,
something he suspected would
probably be discussed during
the conference
"You are to be commended
for the relevance and timeliness
of the perspective of the focuis
of this conference: 'The next
chapter in the evolution of the
global hedge funds industry',
which is likely to be particular-
ly challenging for your rapidly
evolving industry," Mr Ingra-
ham said.
"Still, it is useful that you
should employ the looking
glass, to the extent you can, to
divine the future as clearly as'.
possible to help to inform our.
own responses to the chaiHlnges
you are certain to face .n tile
near term.
Mr Ingraham said that giVer
the persuasiveness 01 the hIdge
funds industry in financial mar-
kets, it is likely to he at, or near,
the centre of any major iarkei
disruption.
"And when the media and
some multinational agencies
look around to place bla:-e,
your industry is likely to get its
share. In that sense you are not,
too unlike offshore financial
centres," he said.
Mr Ingraham noted that the
Bahamas was beginning to
redefine itself, and financial ser-
vices sector supervision is short-
ly to be consolidated.
"New insurance legislation is
soon to be brought into z.ffect,
and a concerted effort will be
undertaken to re-establish The
Bahamas in the external insur-
ance industry, trading on the
infrastructure we now have in
place and recognizing and
exploiting the capacity con-
straints which have emerged in
other centres," he added.
Mr Ingraham also noted that
the 276 Public Banks and Trust
companies operating in and
from the Bahamas at the end
of 1999 have systematically fall-
en, under pressure of improved
regulation and stricter guide-
lines, to around 140 today.
Some of this decline has been
offset by new financial institu-
tions, including hedge fund
operations, attracted to
Bahamian shores by stability
and sound regulations.
"The initiatives from the
multinationals in 2000. although i
disruptive at the time. have esft
a solid platformnn in place.' the
Prime Minister said.


I ivit s







Nov-'. 3th, 2007 1


iw


I














For more than 60 years since their grandfather
died, the Chipman's family's land has allegedly .,a.. ,,. ini .etr.
been taken piecemeal from them. Now they are
taking steps to retrieve it ... U' 'ed



'It is time for us to /



re-establish claims'nsurance
lV^tC I^ J ^ X ^L^ J X C ; i";8 ..... )" A.."lk-: _I. ^r


A Bahamian family who
claim they have been "robbed"
of hundreds of acres of valu-
able land since their grandfa-
ther died in the 1950s are set to
reclaim at least part of their lost
fortune.
Dancer Mitzi Chipman,
daughter of well-known
Junkanoo figure John "Chip-
py" Chipman, is planning to
move on to the West Bay Street
site once owned by her wealthy
grandfather.
She has been advised by a
lawyer friend that the family's
only hope of retrieving their
grandfather's estate is by tak-
ing possession.
Now Ms Chipman and her
siblings are planning to occupy
the "Pieces of Eight" property
at Chippingham which was once
the imposing home of their
grandfather, Howard Nelson
Chipman.
Today, the house is a ruin
standing in several acres amid
tangled trees and undergrowth.
The once impressive columns
at its driveway gate have col-
lapsed across the entrance.
Ms Chipman told The Tri-
bune: "We are a poor family
whose land has been taken
piecemeal since our grandfa-
ther's death more than 60 years
ago. Now we believe it is time
for us to re-establish our
claims."
Trouble began for the once-
wealthy Chipmans after
Howard Chipman, a white mer-
chant descended from a Nova
Scotia physician who arrived in
Nassau in 1820, died in 1951.
The five children of his rela-
tionship with a black Long
Island woman, Ethlyn Taylor,
were ignored as his vast estate
passed firstly to a woman he
i- lived with for 40 years, then an
illegitimate white daughter by
another liaison.
Following a legal tussle with
the woman's husband, the land


"We are a
poor family
whose land
has been tak-
en piecemeal
since our
grandfather's
death more
than 60 years
ago."


was escheated to the Crown.
Mr Chipman's black family -
including John Chipman and his
five children say they were
effectively robbed by the white
rulers of the day when the
estate ran into legal entangle-
ments.
They believe a will drawn up
by their grandfather, naming
them among beneficiaries, went
missing. They feel that, in the
climate of the times, it was con-
sidered inappropriate for a
black family to own so valuable
a property.
The black governments that
took control of the Bahamas
after the 1960s have ignored
their call for justice, they claim.
Much of the former Chipman
land, bought when the white
Chipmans were major players
in Nassau business life, has since
been developed for public and
private purposes.
Some has been used for low-
cost housing. Other plots have
been used for government
buildings.
But Mitzi Chipman says the
family is now determined to
.abandon its "humble" stance


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on the issue and claim its rights.
In addition to the West Bay
Street site, the family intends
to stake its claim to a vast
acreage out west near the Trav-
ellers Rest restaurant.
Ms Chipman said she is con-
vinced the Bahamian people
will stand behind the family as it
fights for justice.
Last year, family members
demonstrated outside the West
Bay Street property calling on
the government to make good
on promises to restore the land
to its rightful owners.
Ms Chipman said she wanted
to build an entertainment and
heritage centre there to mark
the family's contribution to
entertainment over several
decades.
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THURSDAY, NOVEMBER 15, 2007, PAGE 7


THE TRIBUNE



















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A S Wimstoi, ('hurchill
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And prognostication has been
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profession. In fact, it's about as
old as the human race and
found in every age and culture.
The Oracle of Delphi in
ancient Greece was the most suc-
cessful prediction business in his-
tory, prophesying about wars and
matters of state for about a thou-
sand years, although recent
research suggests the visions were
produced by hallucinogenic gas-
es seeping from a volcanic fault
line.
Today the future predicting
business is a multimillion-dollar
industry and we are not talking
about telephone psychics here.
There are tens of thousands of
futurists who make a living fore-
casting how things will stack up in
the future. Perhaps the most
famous among them is Alvin Tof-
fler, who wrote a book called
Future Shock in 1970 that has
sold millions of copies.


"Experts say
there have
been more
changes in the
past 50 years
than in the
previous
50,000."


Future Shock is a term coined
by Toffler to describe how too
much change in too short a peri-
od of time can affect us. He
applied it to the transformation
we are undergoing into a "super-
industrial society". According to
Toffler, overwhelming changes
often leave people disconnected
and suffering from "shattering
stress and disorientation" a con-
dition which, he claimed, has
spawned many of today's daunt-
ing social problems.
Well, there is little doubt that
we are on a technological roller
coaster. Experts say there have
been more changes in the past
50 ears than in the previous
50,000. And they forecast that
the next half century will see
even more radical changes in the
way we live.
One of Toffler's top students
was Dr. James Canton, who went
on to found a think tank called
the Institute for Global Futures,


ITOGH CAL


and now advises Fortune 1000
companies and governments
around the world on trends that
are expected to reshape business
and society. His latest book, The
Extreme Future, is this genera-
tion's Future Shock.
Canton doesn't read animal
entrails to make his predictions.
He takes an educated and
informed look ahead to identify,
sort and analyse the innovations
and trends that will shape the
future. The tools he uses range
from market research and com-
puter models to human intelli-
gence.,
His new book was developed
from a long-range strategic fore-
casting project undertaken for a
variety of US government agen-
cies and multinationals. Its main
theme is' convergence: pointing
out the innovations in biology,
physics, information technology
and other areas that will all come
together in some truly amazing
ways over the next five to 20
years.
For example, in the future the
Internet will be an all-pervading
presence, with 3 billion people
connected (up from about a bil-
lion today). "The CIOs of today
are the CEOs of tomorrow,"
Canton says. "There will not he a
business decision that will not be
technology driven...and within 10
years, advanced nanomaterials
will bring about a thousand-fold
improvement in network com-
puting power and performance."
This means that there will be
so much computing capacity that
companies will tie able to lever-
age data in ways that are only
barely conceivable today. This
means that the virtual enterprise
will become a reality, with every-
one always connected and able
to work from anywhere. But
more interestingly, Canton says
the Internet points to a linkage of
millions of computer minds, with
powers that defy traditional mea-
sure.
"The combination of sheer
power of so many computer
brains and networks is a reality
soup of infinite possibilities one
being artificial life. Things are
not just getting more connected
but smarter and vastly more pow-
erful. This self-awareness may be
beyond human understanding."
Sci-fi, you may think. But in a
more measured way, Canton
goes on to outline the top 10


trends that he says will produce
the strategic challenges that every
person, organization and nation
will have to face in the future.
And energy is at the top of the
list.
The United States currently
uses more than 26 per cent of the
world's oil, and world demand is
expected to rise by 50 per cent
by 2020 as China, India and oth-
er emerging economies seek to
fuel their fast-paced growth. The
reality is that another three bil-
lion people will be added to the
planet in the next 50 years, and
new global oil discoveries peaked
decades ago.
rom this Canton extrap-
olates that "energy secu-
rity will become an -
explosive battleground" affect-
ing the rise and fall of nations,
and new technologies such as
hydrogen, wind and solar power
will attract huge investments,
invigorate global commerce and
spawn new industries: "Energy
will shape every aspect of the
Extreme Future, from security to
transportation to healthcare and
growth. We must prepare now
by investing in alternative energy
sources." .
His second major observation
focuses on the innovation econ-
omy a prediction that future
commerce will be driven by a -J
new convergence of economics,
democracy, trade and technology
that will determine the leader-
ship of nations and competitive-
ness of business. And since
knowledge is the currency of the
innovation economy, we must -
reinvent education to compete. :
That means creating a future-
ready school curriculum with
more science, more innovation, a
more global outlook and more
entrepreneurial skills; retraining
teachers for the innovation econ- r
omy, paying the best more and
firing the slackers. Education
should be all about how to sur-
vive in the Extreme Future.
Flowing from this is Canton's
forecast of a global war for talent,
which is the key to business suc-
cess. There will be more jobs
than skilled people to fill them,
and companies will compete
aggressively for the growing
shortage of skilled people. The 4
Bahamas is already experiencing A
a brain drain, with our brightest '
and best staying abroad. And this
trend can be expected to accel-







nas




Id on



Festival.




rust





nber


iber
n 4


THE TRIBUNE


PAGE 8, THURSDAY, NOVEMBER 15, 2007


4" it 9

















plan for the future
p tf%% F % It l A r--B- ---


crate unless we implement
changes.
Meanwhile, healthcare will be
transformed by biotech and
genomics into the largest market
of the future, Canton says, so
people will live longer, healthier
and more productive lives. The
human enhancement market-
place will provide us with new
organs, new memories, new
limbs, new skin and new lives.
This will help the developed
economies survive with their
rapidly aging populations.
A making scientific
advances like perva-
sive, always-on wire-
less Internet, teleportation, smart
materials, and space tourism will
change every aspect of our lives,
culture and economy, leading to
new jobs, new products and new
options, Canton predicts. And
nations and businesses that invest
in future science will profit in
economic growth.
A new risk landscape is
emerging from eco-war, to
Internet hackers, to terrorists, to
mind control which will pose
unexpected challenges for indi-
viduals, governments and com-
panies. In this scenario, the per-
sonal security market will
become extremely lucrative. Bil-
lions more people will be shar-
ing the planet and governments
will attempt to control us under
the guise of the common good.
Globalization will present
both risks and opportunities in
the near future. The linkage of
national economies into one vast
network is the ultimate goal of
globalisation and if handled cor-
rectly it can drive democratic
reforms, reduce terrorism and
promote social and economic
progress. But it will also create a
battle for the future, with
despots, criminals and extremists
seeking to hijack the process. We
can see this happening today.
The environment is changing,
Canton says, and we need to pre-
pare for increased global warm-
ing, pollution, and threats to bio-
diversity. Climate change is real,
it cannot be fixed fast enough,
and it will pose a serious threat to
international security and pros-
perity in the coming decades. But
at the same time, this will offer
business a big financial opportu-
nity to clean up the planet. Clean
technologies are a $10 billion


industry today, but Canton fore-
casts that this market will grow to
$150 billion within just 10 years.
The near future will provide
opportunities for personal wealth
creation that will underlie all oth-
er trends. Individual invention
and innovation will accelerate
business success. But, he says, we
will also struggle to balance indi-
vidual freedom, privacy and secu-
rity. By 2015, closed-circuit secu-
rity cams will be ubiquitous in
many countries; including the US
(we are already talking about it
here). And Canton says individ-
uals must be alert to protect their
rights to personal freedom.
"The real threat to individual
rights...will be the creeping inse-
curity caused by more identity
crime, more terrorism, even more
economic downturns or disrup-
tions," he says. "The real threat
will come in the form of a deal
with the devil, in which we will
trade our individual rights and
freedoms for more security. This


"The envi-
ronment is
changing,
Canton says,
and we need
to prepare for
increased
global warm-
ing, pollution
and threats to
biodiversity."


is a dangerous trend that we want
to resist."


finally, Canton addresses
the future of America
and China, noting that
the destiny of these two great
nations from capitalism to
democracy, to innovation and
security will shape the future.
China will be building a city big-
ger than Philadelphia each year
for the next 20 years, he says, and
the transformation of this
immense nation will redefine
commerce, communications and
culture.
"The truth is that no-one is
prepared for the fast-paced and
comprehensive changes that Chi-
na is bringing to the global econ-
omy not even the Chinese,"
Canton says. "The central ques-
tion of the future is the extent to
which America and China will
cooperate. It will take balanced
and wise leadership, on both
sides of the world...Missing this
historic opportunity would be a
mistake of epic proportions."
Canton's thumbnail sketch of


the world of 2015 boils down to
this: Extreme competition, com-
plex technology, dynamic global
trade, increased population, dis-
ruptive acts of terrorism, sophis-
ticated crime, climate risks, and
expensive energy: "The level of
accelerated change and the com-
plexity of challenges will be like
snowboarding an avalanche from
the top of Mt Everest."
Many of the prescriptions
offered by Canton to address
these challenges can be applied
to the Bahamas. Reinventing our
education system, for example;
taking climate change seriously;
diversifying our energy sources;
liberalising immigration and
accepting moves towards global-
isation. In short, we should be
thinking and planning for the
future.
What do you think? Send com-
ments to
larry@tribunemedia.net
Or visit www.bahamapundit.com


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THURSDAY, NOVEMBER 15, 2007, PAGE 9


THE TRIBUNE















Do you know where escaped


Cuban detainees are hiding?

Public urged to contact RBDF search departments


* By ALISON LOWE
Tribune Staff Reporter
Ilowf,(htri) iunemedia.net

The Royal alihaimas Defence
I'Foct' has urged members of the
public to contact their 24-hour
opelia illons or search and res-
cue departments if they have
any information regarding the
recently escaped Cuban
detainees.
The same numbers should be
used in relation to any maritime
matters of public concern, said a
release from the RBDF yester-
day.
The operations department
can he reached at 362 2821, and
the search and rescue unit at
362-2494, 362-0338/9 or 362


1856. The Three Cubans Nor-
je Rayes Hernandez, 38, Juan
Ramon Arona, 34 and Nolvis
Hidalgo Fonsesca have been
at large for a week and a half
after escaping from the
Carmichael Road Detention
Centre last Monday, November
6.
The escaped marked the sec-
ond time in less than three
months that Cuban nationals
were able to break out of the
facility.
In the latest incident, the men
were said to have scaled the
chain-link, barbed wire fence
surrounding the centre. It is
thought that they could have
sustained some injuries in the
process.
Yesterday, an RBDF officer


said that the force had received
one tip as to the men's where-
abouts since the break out, but
following up on it, failed to find
the escapees.
He said that once an investi-
-gation into the matter is con-
cluded, it is anticipated that the
Commodore, Clifford Scavella
will convene a board of inquiry
which will then question the'
officers on duty at the time to,
determine whether a neglect of
duty led to the outbreak.
Once the board has conclud-
ed their inquiry, the com-
modore will then be in a posi-
tion to determine the correct
course of action to be taken
with respect to these officers, if
any, he said.


Diamonds International raffle


raises cash for children's home


Proceeds to

help reduce

charity's debt

Diamonds International con-
tinued its support for the Ran-
furly Home for Children by
once again holding its annual
raffle.
The event, held on Friday,
netted more than $5,000 for the
home.
Emcees for the evening were
Bahamas Fast Ferries' Khalis
Rolle and Franklyn Wilson of
Arawak Homes.
Toni Gad, Diamonds Inter-
national's managing director
and Dominic Sturrup, the com-
pany's marketing development
director, welcomed Minister of
State for Social Services and
Community Development,
Loretta Butler Turner.
"We were once again happy
to get involved in a community-
based project," said Anthony
Smith, the company's marketing
manager.
He noted that many people
believe that since the Ranfurly
Home is one of the most well


X*TRAI L


..-A-













WORTHY CAUSE: Pictured left to right: Tribune managing director Roger Carron,
his wife and Tribune publisher and CEO, Eileen Carron, managing director of Dia-
monds International, Toni Gad, and marketing development director of Diamonds
International, Dominic Sturrup. The Carrons were present to lend their support to
the fund-raising effort. *

known charities and enjoys a of need is clearly illustrated by
great deal of public support, its the $90,000 deficit it currently
needs are not as urgent as those finds itself burdened with.
of some other organizations. He said the proceeds of the
However, according to Mr raffle will go directly to reducing
Smith, the home's urgent level this debt.
the lnd-risin effrt.D
knon haitis ndenoysa f ee isclary llutrte b
grea del o pubic upprtits he 90,00 efict i curenly
needs ae not a urgentas thos finds tqefbree ih


PAGE 10, THURSDAY, NOVEMBER 15, 2007


THE TRIBUNE










[rH I Hl~UNE


THURSDAY, NOVEMBER 15, 2007, PAGE 11


LOCAL NEWSIS


... '. --"--"




TEACHERS designed brochures promoting Grassland Acres as the perfect
home for local conch.
Abaco educators take part in

:Treasures in the Sea workshop


*' l wenty-one Abaco educa-
tors participated in a special
'I teiburcs in the Sea Ii ailing
Workshop over the midterm
br eak.
The workshop was facil lii
ed by D'Shan Mavcock o1"
Friends of the Environment ii-od
Moniquc Sweeting, \olkshop
facilitator for the Treasure 'n
lthe Sea Working Groulp
Funding for the workshop
\\as provided by the Bahamas
National Trust through a grant
provided by the lDiscovery Land
Company Developci's of the
Baker's Bay Golf and Ocean
Club at Great (iuana Cay.
The two day workshop pro-
vided teachers with the oppor-
tunity to become familiar with


this new teacher's resource
developed by the Center (or
Biodiversity of the American
Museum of Natural History, ile
Bahamas National Trust and
the Bahamas Ministry of Edu-
cation. T'1he is c .iticc focuse,e on
the Bahamai ihtec man fislh-
ery resoii c.. eoach, crawfish
and group tto leach the con-
cepts of mti anid function, life
cycles, hibtilats. interdepen,
dence, ecmnonmic and cultural
values and c OUseivation.
All teachers received a copy
of the book and ,a folder with
materials to complement activ-
ities in the iesouice The pro-
duction of Ti measures in the Sea
was supported by Colina Impe-
rial.


PART of
the work-
shop was
a field trip
to the
coast to
explore
coastal
habitats
and learn
about
man-
groves.


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Bahamas Bus & Truck

C M Call:


Business owners urged to take steps


to combat armed robberies, thefts


* By TANEKA THOMPSON
Tribune Staff Reporter,
tthopnsoin@trbuneinedia. net

A NUMBER of armed rob-
beries and thefts at business
establishments could be pre-
vented it more business owners
adopted preventative measures,
a senior police officer said yes-
terday.
This statement came during
a press briefing for the
announcement of the upcom-
ing Crime Prevention Seminar
hosted by the Bahamas Cham-
ber of Commerce, the Royal
Bahamas Police Force, and
Crime Stoppers Bahamas. The
annual seminar is scheduled for
November 19 at the Conference
Centre at Police Headquarters
on East Street.
The seminar will consist of
four sessions, from 8.30am to
4pm., The co-ordinators of the
seminar plan to address the
"'vexing" issue of crimes against
businesses and many strategies
to deter criminals from target-
ting businesses.
Yesterday. oflicer-in-charge
of the Southeastern Division,
Chief Superintendent Stephen
Dean spoke of the need for
more partnerships between the
RBPF and the business com-
munity to combat the rising lev-
el of crime.
"Today this is an absolute
example of what should happen
when the business sector and


the police force join forces
together. We realise that the
fight against crime is not only
the (police's) problem and so
we decided to join our forces
together to look at how best we
can educate the public particu-
larly the business community
and take a bite out of crime."
He encouraged members of
the public, particularly business
owners, to attend the seminar
and take advantage of the edu-
cational tools that will be dis-
cussed to stem the rise in armed
robberies of businesses.
President of the Bahamas
Chamber of Commerce, Dioni-
sio D'Aguilar, described crime
as a "vexing" issue for most
businesses.
"If it isn't armed robbery then
it is the enormous amount of
employee theft and fraud com-
mitted by customers," he said.
"It is important for businesses
to icaria about strategies to
make it as difficult as possible
for persons to commit crimes
against their employees, their
customers, and their business."
A "different breed" of crimi-
nals exists in the Bahamas
today, community activist Car-
los Reid said. "My job inside
this summit is to be able to get
down to some of the root caus-
es of why some these young
people have this type of men-
tality."
At 9.30 am, during the ses-
sion 'Crime, criminality, and its


impact' will be discussed. Psy-
chiatrist Dr David Allen, Carlos
Reid, and Bahamas Christian
Council Member Rev C B Moss
are slated to give remarks.
At 10.45am there will be a
panel discussion on crime.
Robbery prevention, employ-
ee screening, embezzlement,
and the neighbourhood and
business policing programme


will be discussed by Senior
Assistant Commissioner Ellison
Greenslade and Deputy Direc-
tor of Public Prosecutions
Cheryl Grant-Bethel, among
others.
The afternoon session will
include a discussion on the
'Powers and role of the judicia-
ry' and 'Executive and employ-
ee protection against violence.'


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THE TRIBUNE


PAGE 12, THURSDAY, NOVEMBER 15, 2007


* AL


minister reveals


BAIC


is


millions


in


debt


Wrap your home in the colours
of ur dreams this Christmas

Ifr va


'Devoe
Pin


FROM page one
2003. The minister pointed out that
this was an increase of $670,624 or 71.12 per
cent.
He said that professional fees were largely
made up of payments to Universal Legal Ser-
vice Associates in the amount of $84,000; Ear-
lin Williams $38,000; Capital City Markets
$18,000; Godfrey Eneas $21,000 and Erring-
ton Watkins $23,000.
"Travel and entertainment expenses includ-
ed costs related to airfares accommodations,
transportation and meals from travel within
and outside of the Bahamas," Mr Cartwright
said.
He told the House that approximately $52,000
directly relates to the trade and investment mis-
sion to China.
Additionally there were large payments to
Royal Bank of Canada Visa and Restaurants
that are included in the Business and Enter-
tainment figure of which $35,000 was attrib-
uted to the chairman at the time, the then Mem-
ber of Parliament for the constituency of Holy
Cross.
Advertising and Promotions grew substan-
tially from $18,000 to $132,000 with that figure
being made up of payments to six entities, New
York Media House $25,000, Jones Communi-
cations $23,000, Capital City Marketing $18,000,
Global Business Press $17,000, The Nassau
Guardian $9,000 and Earlin Williams $8,000.
Mr Cartwright said that Mr Williams was
contracted to provide promotion, marketing
and publications, speech writing and special
project services in September 2002.
In October 2002 the then minister with
responsibility for BAIC requested that the con-
tract be terminated immediately.
The Board of Directors voted to terminate
the contract by February 1, 2003.
"Subsequent to the termination Mr Williams
submitted invoices and billing to the corporation
for $35,225 which were paid," the minister said.
Mr Cartwright said that Mr Williams was
also provided with travel advances from March
to November 2003 in the amount of $4,290.
"It is noted that invoice and travel advance
request forms were generally signed and
approved for payment by the Executive Chair-
man," the minister said.
Despite the moratorium in the public sector
hiring, Mr Cartwright said, 22 new employ-


ees/contractual staff were hired between May
2002 and December 2003 a net increase of 17
staff members as five others had their services
terminated.
During the second half of 2003 there were sig-
nificant increases in average earnings and the
number of staff.
This subsequently led to an increasing month-
ly payroll, which spiked at nearly $140,000.
The total potential revenue at Soldier Road
Park is 461,973 per annum at occupancy level.
However, the revenue collected for the year
2003 was $331,765.
Mr Cartwright said that this has resulted in an
increasing amount of Accounts Receivable for
the Park which was $1,059,720 at December
31 2003. Despite the addition of a Collections
Officer and a Collections Assistant there was no
significant movement of effort made to recov-
er the amounts.
The Board Minutes reflect that a suggestion
was made to out source the collection effort.
The minister said that the micro-loan facility
was out of control.
"There were significant breaches as far as
documentation and overall administration of
the programme were concerned," Mr
Cartwright said.
The minister said that while the report for
2004 is not as gloomy as that of 2003, but much
was left to be desired.
He said that the net loss decreased from
$1,613,567 to $812,596.
Mr Cartwright said that this improvement
was attributed to a reduction of the adminis-
trative and general expenses from $1,005,097 to
$584,549.
This improvement was led by the cost con-
tainment in the professional fees line from
$234,000 to $20,000: travel and entertainment
was decreased from $232,000 to $65,000; office
expenses decreased from $43,000 and adver-
tising and promotions went from $132,000 to
$4,000.
However, Mr Cartwright said that during the
year, the accounts receivable on rentals grew by
$106,000 with very little movement in the col-
lections of the micro-loAns.
The impact the revenue collections had on
cash flow in a growing bank overdraft.
"The impact the revenue collections had on
cash flow resulted in a growing bank overdraft.
This growth also resulted in higher overdraft
interest charges." he said.
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THE R I BN E TU R S DY OVEBER15, 007 PAE 1


L A


Minister claims amendments

to sportfishing regulations

threw the industry in 'disarray'


FROM page one
allow visitors to enjoy fishing
in the Bahamas and at the same
time protect the country's
marine resources.
The new regulations, the min-
ister told the House of Assem-
bly, will prevent an "unscrupu-
lous minority to exploit our
marine resources and abuse our
hospitality."
Late last year, former Agri-
culture and Marine Resources
Minister Leslie Miller intro-
duced new catch limits which
drastically reduced the amount
'. of fish sportsfishermen can take
out of the Bahamas.
Despite major objections and
boycott threats by foreign
sportsfishermen, Mr Miller
vowed that the amended limits
would remain in effect. He said
that the limits were necessary
to protect and enhance the
Bahamas' natural marine
resources.
Addressing parliament yes-
terday, Minister Cartwright said
that some of the amendments
made by the previous adminis-
tration caused considerable con-
fusion as to the position of the
Bahamas government in regard
to the promotion of sportsfish-
ing an activity in which per-
sons visiting the country are
encouraged to partake.
"Although it was indicated
that provisions would be made
so that the changes would not
negatively impact the conduct
of approved sportfishing tour-
naments in the Bahamas, this
was not done," Mr Cartwright
said.
As a consequence, the minis-
ter said, sportfishing tourna-
ments that were scheduled to
take place this year were
"thrown into disarray."
"In the midst of uncertainty,
many regular visitors to the
Bahamas who used sportsfish-
ing as a vacation or recreation-
al activity, chose to either stay
away from the Bahamas or to
curtail their number of visits
here.
"Many Family Island hotels


and marinas reported signifi-
cant reductions in bookings,"
Mr Cartwright said.
The minister said that in the
past there were complaints that
some visitors were selling fish-
ery products caught while using
a sportfishing permit.
"Such sales are now specifi-
cally prohibited in the regula-
tions.
"Every effort will be made to
ensure that those afforded the
privilege of fishing in our
waters, do not abuse that privi-
lege," Mr Cartwright said.
Explaining the new catch lim-
its for foreigners fishing under a
sportfishing permit, the minis-
ter said that in terms of demer-
sal fish species such as
Groupers and Snappers living
on the bottom of the sea the
catch limit is now 60 pounds or
20 fish per vessel.
For the pelagic species, such
as Wahoo, Tuna, Kingfish and
Dolphin, the catch limit is now
18 fish per vessel.
For Crawfish, the limit is now
10 per vessel. The small catch
limit of six Conch per vessel has
also been reinstated, the min-
ister said.
Mr Cartwright said added.
that there is no allowance for
the capture or possession of
marine turtles by foreign per-
sons fishing under a sportsfish-
ing permit.
All species of Billfish, Sword-
fish, Sailfish and Marlins,
including the Blue Marlin, may
be taken only on sportfishing
tournaments, where specifically
permitted under the approved
rules of that tournament.
Mr Cartwright told parlia-
ment that changes have also
been made to clarify what a
sportfishing visitor can legally
take aboard his vessel when
leaving the Bahamas.
"After visiting the Bahamas a
foreign vessel that had a valid
sportfishing permit will be
allowed to take out of the coun-
try an amount of marine prod-
ucts equal to that amount that
could be legally aboard under
these new regulations," he said.


Lawyers seek psychiatric

evaluation for murder convict
FROM page one
. tencing on the murder conviction. It was at that time that Hutchin-
son's attorney Murrio Ducille made a request to have his client
undergo a psychiatric evaluation while noting that sentencing
guidelines only call for the court to be provided with a social
inquiry report.
Deputy Director of Public Prosecutions Cheryl Grant-Bethel did
not object to Mr Ducille's application for a psychiatric evaluation
and report. Justice Isaacs noted that he was not sure just how long
it would take for Hutchinson to undergo a psychiatric evaluation,
however, he adjourned the matter to December 19 at 1 pm. While
being escorted from court Hutchinson was confronted by a woman
who taunted him with a noose as he was'led back to Central Police
Station. Hutchinson only smiled.





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Concerns over


fake lawyers
FROM page one

outcome can be disastrous, the judge said.
"They (the unqualified persons) are a danger. They know
little except how to draft up legal documents and make Ihem
look good, but they know nothing about the law. They fill per-
sons with false hopes, which often leads to those persons com-
ing to court with little hope of success. The end result is a dis-
aster, both emotionally and financially," Justice Lyons said.
He pointed out that there is a very good reason why lawyers
are called to the Bar and why there is a Bar Association to
oversee them.
"That reason is to protect the public and to make sure that at
all times high standards are maintained," he said.
Justice Lyons in the Success Training College case dismissed
the defendant Dr Phillip's counterclaim against former South
Andros MP Whitney Bastian and Dr Deswell Forbes.
In 1998, as shareholders of the Success Training College in
New Providence, Mr Bastian and Mr Forbes established a satel-
lite college in Freeport. They chose Dr Phillip to spearhead
that venture.
However, after two years Dr Forbes became dissatisfied with
Dr Phillip's conduct and terminated him. The Industrial Tribunal
in 2002 found that Dr Phillip was properly terminated.
Notwithstanding the termination, Dr Phillip continued to
think he ran the company, Justice Lyons said in this ruling.
Dr Phillip further contended that he owned 1,500 shares in the
Freeport Success Training College.
However, Justice Lyons ruled that Dr Phillip had no claim t,
the shares.
"His case had nothing to do with his belief that he was a ben-
eficial owner of 1,500 shares in Success Freeport. He just want-
ed to put the screws on Dr Forbes and Mr Bastian for a decent
fistful of dollars to help him out of his retirement.
"The irony is that had he approached Dr Forbes and Mr Bas-
tian with his concerns and fears (that are common to all who are
approaching retirement age), and had he done the right thing,
they would have done the right thing. He would still be at the
Freeport College in the senior role of running it for a fair
salary," Justice Lyons said.


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I _ II I


I I I I I I III I I I I


THURSDAY, NOVEMBER 15, 2007, PAGE 13


THE TRIBUNE







THE TRIBUNE


PAGE 14. THURSDAY. NOVEMBER 15. 2007


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FROM page one
legitimalcly have to resort to a
contingencyy order for things that
we c nol budgeted for.
SSecondly, he said he had heard
the argument that the $20 million
Ililuie set in 1988 was too low for
tI i contingency limit, and should
bh increased. I however. Mr Ingra-
hali said. lie is not now persuaded
lo do so.
"I am i inclined to see how we
(c;il manage with the $20 million.
I i cliii..d to come to Parlia-
men t wit!: any extraordinary
expense by way of supplementary
ippiop1 ialion bills. And if I can't
wail to coime to Parliament we
will certainly operate within the
$20 million dollar limit during my
ItlCtnuir in oTffice this time," he said.
Mi ,Ingraham presented figures
to the lHouse of Assembly for the
vea:s from 1997 to 2006 and 2007.
During the years of the FNM
ronm 1997 to 2002, the statistics
icvealed that the government at
Ihal time spent $302 million in
contingency orders. For the peri--
Otd tl()2 to 21007. the PLP govern-
mcei s figures totalled $731 mil-
lion.
In a document from the Min-
istry of Finance on the recurrent
supplementary funding justifica-
tion lor 2006/2007 it is recorded
that over a million dollars was


PM criticises contingency funds


paid out to costs awarded in the
Office of the Attorney General.
Also a line from November 16,
2006 for the Airport Authority
claims $65,389 for the renaming
ceremony for Nassau Interna-
tional Airport to the Lynden Pin-
dling International Airport.
Although government may
have spent some $179 million out-
side of the authorized appropria-
tion bill by Parliament, Mr Ingra-
ham said, that does not necessar-
ily mean that the government
overspent to that extent.
However, Mr Ingraham stated
that when they next present a sup-
plementary appropriations bill
before the House they will pre-
sent more accurate and realistic
figures for corporations and gov-
ernment agencies than the nor-
mal "unrealistic" ones that are
normally used in the budget.
Such entities include, but are
not limited to, Bahamasair, ZNS,
and Water and Sewerage Corpo-
ration.
"We know that Bahamasair will
not make it with $11 million. We
know that. But every year we con-
tinue to put these ridiculous num-
bers in the budget and during the
course of the year we use the con-
tingency provision to give


Bahamasair its extra money.
"Well when we come to the
House in January or February
with the mid-term statement that
I promised we will have, we will
come with what the true subsidy
of Bahamasair is. We will do the
same thing for ZNS and the
Water and Sewerage Corporation.
Because I believe that once mem-
bers of the public know how much
money we are spending on these
entities, then reality is going to
set in for us in this place," he said.
Mr Christie, who spoke follow-
ing Mr Ingraham's contribution,
took exception to the view, by
insinuation, that his government
was careless with the public's
money.
Mr Christie reminded the
House that the country went
through the economic downturn
following the terrorist attacks on
September 11th, and the havoc of
three major hurricanes. Also, to
foster the attraction of major for-
eign investors, Mr Christie added
that capital development needed
to be done in the Family Islands.
These included, but were not lim-
ited to, installing running water
in the southern islands, and light-
ed runways throughout 17 of the
Family Islands.


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THE TRIBUNE


FROM page one

Bahamas Telecommunications
Company (BTC), the Ministry of
Housing, the National Insurance
Board (NIB) and the Road Traf-
fic department yesterday all sub-
mitted documents to the court.
from subpoenas issued on
November 2.
However, PLP lead counsel
Philip "Brave" Davis told the
court that he was "concerned"
with what was happening with
BEC. Of the 159 people Mr Davis
said he requested information
about from the company, BEC
only provided information on 61
these individuals as of yesterday
morning.
What was supposed to happen,
Mr Davis said, was that one of his
junior counsel was to meet with
BEC to determine what informa-
tion was relevant before the infor-
* mation was forwarded to the
court. However, since November
7, he said, they have attempted
to meet with BEC, but were
unable to.
The PLP lead counsel told the
court that he intervened in the
wake of the difficulties his junior
counsel faced scheduling a meet-
ing with the corporation.
Up to Monday Mr Davis said
he still faced difficulties with this
issue, and then wrote to BEC's


BEC is criticised in election court


attorney Oscar Johnson copy-
ing the General Manager Kevin
Basden and a Shelly Cooke, advis-
ing them of these difficulties, while
also advising Mr Basden to appear
before the court. This led, he said,
to the receipt of the information
regarding the 61 people out of the
159, they received.
Mr Davis told the court that
this behaviour was "alarming" and
"distressing" and this exercise
requires explanation from BEC.
They appear to be "cherrypick-
ing", Mr Davis charged.
Furthermore, Mr Davis showed
the court some of the information
provided by BEC which had writ-
ten analysis on it of whether vot-
ers lived in Pinewood or not.
Mr Johnson told the court that
he was not aware that the meeting
was not held, and upon inquiry, he
was informed that information
was processed on 61 people and
the remainder was being com-
piled.
Senior Justice Allen told Mr
Johnson that he and BEC were
treading on dangerous ground,
when he was addressing the court
on the issue. Regarding the writ-
ten opinions on the documents
provided, Senior Justice Allen


Missing man's car

FROM page one
40's, was last seen by his colleagues at his work place of Zorba's
Restaurant in Port Lucaya at 11.45pm on Saturday.
His wife saw him last at 11am on Saturday when he left their
home. He has not been seen or heard from since.
Police told The Tribune yesterday that the vehicle, a two-door
Mitsubishi Eclipse, driven by Mr Lightbourne, was found at the
RND Plaza.


said it is not for BEC to decide
who lives in Pinewood, to which
Mr Johnson agreed.
Justice Jon Isaacs asked Mr
Johnson if he brought his client
to court, to which Mr Johnson
said no, but pledged to have Mr
Basden in court momentarily.
Mr Basden appeared at the end
of the morning session and his
attorney asked the court if he
could be allowed the opportunity
to speak with Mr Davis in order to
organize the production of the
remaining information to which
Justice Isaacs raised the question
that this pledge was'previously
made to the court. Senior Justice
Allen too raised a question as to
why Mr Basden did not obey the
previous order.
The court ultimately allowed
Mr Johnson to meet with the PLP
legal team to coordinate the pro-
duction of the remaining infor-
mation, and it is expected that the
court will be informed today
about the status of the documents.
Senior Justice Allen informed the
BEC representatives that there
are to be "no notes" on the
remaining documents, while Jus-
tice Isaacs informed BEC that it is
not within their discretion to tell
the petitioner what information
they can and cannot receive. Mr
Johnson agreed that there will be
no notes on the remaining infor-
mation, while Mr Basden did not
address the court directly during
his appearance.
The initial lack of appearance
of a representative of the Depart-
ment of Immigration was also of
issue yesterday.
Senior Justice Allen ordered a
clerk to contact the department,
with Lambert Campbell, assistant


director of Immigration subse-
quently showing up before the
court.
Mr Davis had said that Mr
Campbell was served on Novem-
ber 12.
When Senior Justice Allen
asked why he did not attend, Mr
Campbell said the request to
appear escaped his attention.
When asked if he had the infor-
mation requested which per-
tained to Manani Taylor Mr
Campbell told the court that there
are no such documents
in the Department of Immigra-
tion.
Mr Davis took strong issue with
this assertion. He argued that this
person was picked up by Immi-
gration and was in the Detention
Centre before being deported to
Jamaica by them.
That department, Mr Davis
said, ought to have a record of
this, along with a record of the


status the man once held.
Senior Justice Allen advised Mr
Campbell yesterday that she will
allow him to review the matter
and return today. Mr Campbell
was not on the witness stand
under oath when he made
his remarks regarding Mr
Taylor.
Sixteen voters also testified yes-
terday. Ian Nottage, who said he
lives with his mother Louise'
Miller, who also testified yester-
day, pointed to a location out of
the Pinewood constituency when
asked to show where he lived by
Justice Isaacs.
The Form B declaration with
the Parliamentary Registration
department recorded Mr Not-
tage's address as 44b west of Ash
Road, north of Sapodilla Blvd.
However, Mr Nottage said he
lived with his mother, and on the
counterfoil it indicated that she
lived at 4084 south of an unnamed


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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-
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story.


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Let's Make It

Better...Again[


THE TRIBUNE


LOPAL NEWS,


I


road, west of Windsor Terrace.
Initially, Mr Nottage pointed
to an area within the Pinewood
constituency on the constituency
map in the court.
However, when asked to show
the location on a more detailed
map provided by surveyor
Stafford Coakley, which has the
constituency map outlined on the
Pinewood subdivision map, the
area he indicated was outside the
boundaries lines drawn by Mr
Coakley.
Two voters also told the court
that they live in Sir Lynden Pin-
dling Estates. N'keba Williams
said she has lived in phase 3, a
new section, of the subdivision for
16 months; while Yolanda Stra-
chan-Stubbs said she lives at 2977
in this subdivision.
Representatives from BEC, the
Department of Immigration and
possibly nine other witnesses, will
take the witness stand tomorrow,
along with the conclusion of the
cross-examination of Patrice
Cleare by FNM Lead Counsel
Michael Barnett.







PAGE 16, THURSDAY, NOVEMBER 15, 2007


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THE TRIBUNE THURSDAY, NOVEMBER 15, 2007, PAGE 17


















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* LONDON

BRITAIN unveiled plans
Wednesday to tighten defens-
es against car bombs at its air-
ports and rail stations, with the
country's terrorism minister
warning of a 30-year battle
against extremists, according to
Associated Press.
Prime Minister Gordon
Brown said airports and 250 of
the busiest train terminals will
get new blast barriers and
impose strict limits on access
for public vehicles.
In addition, Internet and
technology companies in Britain
will be asked to help stop ter-
rorist propaganda being dis-
tributed online, Brown said.
The review of nearly 900 pub-
lic spaces was conducted fol-
lowing failed car bomb attacks
in London's West End enter-
tainment district and Glasgow
airport earlier this year.
Thousands of movie theaters,
shopping malls, hospitals and


schools will be advised on how
to protect the public from
bombs.
Brown said a review led by
terrorism minister Alan West,
former head of the Navy, had
found no lapses in safety, but


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recommended extra protection
against car bombs a tactic
once used by Irish Republican
terrorists and now adopted by
Islamic extremist groups.
The review came more than
two years after the July 2005
suicide bombings on London's
transportation system that killed
52 people and the four British
attackers.
Brown said new baggage
checks will be introduced at
major rail terminals, but restric-
tions limiting air passengers to
one piece of hand luggage per
flight are being relaxed.
He acknowledged that
changes likely will spell more
disruption for passengers, who
already face strict baggage
checks and long lines at securi-
ty gates.
Some business leaders
already claim to avoid London's
main Heathrow airport because
of the associated hassles.
At a breakfast meeting with
architects and security experts,
West and Brown discussed
plans to design new public
buildings, including stadiums
and concert arenas, to reduce
the impact of explosions and
shrapnel.
West, also a former head of .
defense intelligence, warned
that the current threat of ter-
rorism is likely to last for a gen-
eration.
"It will take 30 years to excise
that cancer of terrorism, I
believe," he said.
Brown told parliament major
work was needed to isolate
extremist preachers and neu-
tralize their message, particu-
larly following worries school
children have access to violent
propaganda.
Jonathan Evans, head of the
domestic spy agency MI5,
claimed last week young
teenagers were being radical-
ized to carry out terrorist plots.
Brown said Internet and tech-
nology companies will be asked
to help stop the online distribu-
tion of terrorist propaganda,
and he announced that a meet-
ing would be convened by min-
isters.
Public libraries and universi-
ties will also check extremist lit-
erature is not being handed out
on their premises. '


No ; r X Lng pet \'vendonlrs fo


+


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I



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a
*I
1


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*

a
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THE TRIBUNE


PAGE 18, THURSDAY, NOVEMBER 15, 2007





THE TRIBUNE


NOVEMBER 15, 2007, PAGE 19


i'


TOP AME--ANS
LOW SP I
CoeSop& ae oay o arold,2-0492
Ful1 ot at evc arnyo l V1s Xs&See' Ti OI ODwrat snt evn e1 6 SA


r ,t









PAGE 20, THURSDAY, NOVEMBER
pnn?


THE TRIBUNE


Strike slo s French traffic as unions




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pivotal standoff with President,
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STRIKING transportation
workers cut train service and
forced Parisians to walk, bike or
skate to work Wednesday in a


chief of staff Claude Gueant told
the daily Le Monde.
The president ordered letters
to be sent to unions laying out
plans for negotiations, his
spokesman David Martinon said.
Such negotiations could allow
Sarkozy to secure the pension
reform and protect his reformist
credentials, but on te'ms the
unions can swallow.
"It's advancing," said Prime
Minister Francois Fillon after
meeting with Sarkozy and Labor
Minister Xavier Bertrand.
With British crews on the
trains, the Eurostar between Paris
and London was running as usu-
al although the strike hit the
same day the cross-channel train
line launched a faster route head-
ing into London's St. Pancras Sta-
tion. The entirely high-speed train
service shaves 20 minutes off the
trip from London to Paris, and
25 minutes off the London-to-
Brussels route.
Transport workers trying to
hang on to special retirement
benefits that Sarkozy wants
trimmed are threatening an open-
ended strike with daily votes on
whether to continue, something
no one wants especially the
public.
"I support the idea of strikes,
it not this strike," said 25-year-
Xavier Michel, who skated
miles to his advertising job.
fitrike, he said, hurts "the lit-
csV like us" who are "basi-
,ken hostage."
anpd0yees of the national rail
gas vay authorities and the
walkeelectric companies
to extfhie job to protest plans
some 56e retirement age for
ers and Apublic sector work-
efits ce'iother special ben-
enjoyed foi sectors have
tury. than a half-cen-
Unlike th\ .
that have longtered strikes
including an (ed France -
strike seen as A8 transport
against Sarkozy'Ping volley
labor action is a ms this
Sarkozy's campai e tst of
overhaul France to mise" to
competitive. \it more
The strikes started
night when the SNCF r sday
ity halted service on hor-
Just 90 of 700 trains es.
ning. n-
Paris transit workers joi.
Wednesday. Gas and elect
\









SI R U S





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THOUSANDS OF public transport workers and civil servants demonstrate in
Marseille, southern France, Wednesday, Nov. 14, 2007. Striking transport
workers slowed France to a crawl as unions and the government dug in for
a pivotal standoff over President Nicolas Sarkozy's bid to strip away labor
protections he says are hobbling growth. Trade unions are protesting
Sarkozy's plans to eliminate special rules that allow train drivers and cer-
tain other public service workers to retire early.


workers went on strike, too,
threatening targeted blackouts to
illustrate their grievances over the
retirement reform.
Students protesting a universi-
ty reform added a volatile note
to the transport strike, blocking at
least 35 of France's 85 universi-
ties.
"I find it abominable and
above all absurd," said a fuming
Sorbonne French professor, Lau-
rent Susini, trying unsuccessfully
to get past a handful of pickets.
Students opposed to the block-
ges were doubly punished -
ithout transport and unable to
into class.
ot only did it take me an
and a half to get here. I can't
said law student Michael

vic signs reading "No Ser-
and gled at subway stations
ital d tram stops in the cap-
was ja hway circling the city
from b e with vehicle traffic
muters dawn, as many com-
w alked N, e to w o rk O th ers
new rent-a the city's popular
* Opinion system.
has the publ suggest Sarkozy
: agree with ~s side as most
tguments that
*"**i \


I,


retirement rules are outdated,"
unfair and too costly.
"I agree with the reforms but
Sarkozy is going too quickly,"
said Vidal Madou, who expected
to spend more than an hour to
make the usual 30-minute trip to
the construction materials store
where he works.
"This is the first government
we have had in a very long time
that is capable of saying 'We are
going to carry out reforms."' said
Bruno Fourquin, taking a rare
suburban train into Paris. "They
have to hold firm."
Sarkozy wants everyone -
including the rail and utility work-
ers, sewer workers, state bank
employees and workers at the
Paris Opera and the Comedie
Francaise theater company to
retire after 40 years of service
instead of the 37 1/2 years they
currently work.
Despite tough talk, it was the
head of the Communist-backed
CGT union, Bernard Thibault,
who proposed a potential open-
.ing, suggesting talks with various
companies and relaxing earlier
demands that it would only nego-
tiate with the government direct-
ly, according to Le Monde.


EAST BAY & VICTORIA AVENUk
TEL: 326-8888
FORMERLY LOCATED AT THE HILTON HOTEL


* PARIS


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THURSDAY, NOVEMBER 15, 2007, PAGE 21


Save
Eb$0-Al


.$9.


"30av


I SSEEN ONS


THE TRIBUNE








THE TRIBUNE


PAGE 22, THURSDAY, NOVEMBER 15, 2007


North and South Korean prime



ministers start first talks in 15 years


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* SEOUL, South Korea
THE prime ministers of
North and South Korea met


for the first time in 15 years
Wednesday, hoping to extend
a detente across the Cold
War's last frontier following


the second-ever summit of
their leaders last month,
according to Associated Press.
In October, the North and


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The North also said it would
,...,"make,.every..effort".lo make
"this week's talks a sidcess in
the spirit of "by our people"
a common North Korean
propaganda slogan calling for
resolving Korean peninsula
issues without interference
from outside forces, mainly
the United States.
The negotiations will focus
mainly on economic cooper-
ation projects, including set-
ting up a joint fishing area
around their disputed western
sea border and establishing a
joint economic area on the
North's southwestern coast.
Also on the agenda are
building joint shipyards in the
North and improving conve-
nience for South Koreans
working in a joint industrial
zone in the North Korean bor-
der city of Kaesong by simpli-
fying border customs inspec-
tion and improving communi-
cation networks in the zone.
Other topics include
expanding reunions of sepa-
rated families.
Security issues are not
expected to be on the table as
the two sides will hold defense
ministers' talks in Pyongyang
later this month.
The North's premier Kim is
an economic technocrat who
served as the country's land
and marine transportation
minister. Kim recently visited
Vietnam, Malaysia, Cambo-
dia and Laos, signing a series
of economic cooperation
accords with those countries.
Most other members of the
North's 43-strong delegation
are also economic officials.
Dozens of anti-North Korea
protesters staged a rally out-
side the talks' venue, accus-
ing the South of making too
many concessions to
Pyongyang and getting little
in return.
The group set fire to a pic-
ture of North Korean leader
Kim Jong II and the country's
flag.
"Stop lavishing aid on
North Korea!" the protesters
chanted as riot police stood
guard to prevent them from
attempting to approach the
hotel.
The Korean War ended in a
truce, not a peace treaty,
which means that tle two
Koreas are still technically at
war.
Their relations have
warmed significantly since the
first-ever summit in 2000,
although the reconciliation
process has often been over-
shadowed by the standoff over
the North's nuclear weapons
programs.


South's leaders agreed to pur-
sue a permanent peace treaty
to replace the cease-fire that
ended the 1950-53 Korean
War at a summit where they
also discussed increasing eco-
nomic cooperation.
North Korean Prime Min-
ister Kim Yong II said after
arriving in Seoul on a direct
flight from Pyongyang that he
thought the three days of talks
- aimed at fleshing out the
October agreement would
"go well in a warm atmos-
phere" based on his enthusi-
astic welcome.
The two sides last held
prime ministerial talks in 1992
that were suspended amid the
first crisis over the North's
nuclear weapons program.
Kim ranks below the top
members of the North's rul-
ing elite, leader Kim Jong II
and the country's No. 2 Kim
Yong Nam. He is meeting
with South Korean Prime
Minister Han Duck-soo, who
is the deputy of South Korean
President Roh Moo-hyun.
The North-South talks come
amid progress in international
efforts to rid North Korea of
its nuclear programs, with the
communist nation beginning
to disable its sole operational
nuclear reactor recently under
a deal with the U.S., South
Korea, China, Japan and Rus-
sia.
Seoul believes that promot-
ing reconciliation with
Pyongyang would facilitate
resolution of the nuclear dis-
pute.
This week's talks will focus
on the accord that Roh and
the North Korean leader
signed in October in
Pyongyang which calls for
greater peace and economic
cooperation across the world's
most heavily fortified border.
Praising that agreement as a
big step toward reconciliation,
the North Korean delegation
stressed Wednesday the
importance of implementing
it.


li~pOQ6~











THE TRIBUNE


THURSDAY, NOVEMBER 15, 2007, PAGE 23


THURSDAY EVENING NOVEMBER 15, 2007

7:30 8:00 8:30 9:00 9:30 10:00 10:30

Antiques Road- Monarchy With David Starkey Monarchy With David Starkey ( The Queen at 80 The life and long
0 WPBT show"Sherbome (CC) (CC) reign of Queen Elizabeth II as she
turns 80 years old. )
The Insider (N) Survivor: China "Just Don't Eat the CSI: Crime Scene Investigation A Without a Trace A student vanishes
* WFOR n (CC) Apple" Ninth castaway. (N) n (CC) suspect causes Sara to question her after making provocative statements
future as a CSI. (N) 11 during a discussion.
T Access Holly- My Name Is Earl 30 Rock Jack The Offce Jan (:31) Scrubs "My (01) ER Gates and Julia nurture
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Jeopardy! "Tour- Ugly Betty Wilhelmina plots her Grey's Anatomy "Forever Young" (:02) Women's Murder Club An
B WPLG nament of Cham- next moves in the wake of the Teenagers fill the ER after a school- NFL star crosses paths with Lindsay
pions" (N) Meade-Slater nuptials. (N) (CC) bus crash. (N) (CC) when his friend is murdered.

(:00) CSI: Miami The First 48 Miami detectives probe TheFirst 48 The body of a 14-year- The First 48 Detectives must deter-
A&E "Blood Brothers' what might be a gang-related slay- old boy is found; immigrant is found mine if a shooter acted in self-de-
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CNBCCompany (CC) chance to win money. 0 (CC)
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N L unrise, Fla. (Subject to Blackout) (Live) terms Score (Live)
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* 2. ~
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__










PAGE 24, THURSDAY, NOVEMBER 15, 2007


I COTHE PATRiBN


- WA, G 5 I SAW gE.I 0 WtEE
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WE TIME-TRAMELED TO WE.
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WE SAW LOTS OF DIROSMlS
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Rationale of Good Dummy Play


South dealer.
East-West vulneral
NOW
*K83
V6 53
*984
*A8 6
WEST
4QJ952
V9
*52
+Q 10743
SOU
+7
VAK(
*AK6
*J5
The bidding:
South West
1 V Pass
4V
Opening lead qu
Here is a test ofj
declarer play. Let's
hearts and West lea
spades. You play lo
and ruff the spade c
would you proceed'
The club loser is
the problem is to a
diamond tricks, on
be lost in any case.
obvious. If the trum
2, you can make
drawing them and
and another diamond
mond can then be ru


A



X~


the suit breaks unevenly.
ble. Likewise, you will be in good
TH shape if the diamonds are divided 3-
3, whether trumps are drawn early or
not. So you proceed on the assump-
tion that both suits will break badly
52 and consider what, if anything, you
EAST can do in that case.
A 10 6 4 Note that you cannot afford to
V 10 7 2 test the trump situation by first draw-
Q J 10 7 ing two rounds. If you did this and
46K 9 then played the A-K and another dia-
TH mond, you could be defeated by a
trump return, as in the actual deal.
Q J 8 4 The way to give yourself the best
6 3 chance is tocash one high trump at
trick three and then lead a low dia-
mond! This gives you the maximum
North East protection against bad breaks.
I NT Pass Assume the diamond is taken
and a spade is returned. You ruff and
ieen of spades. cash a second round of trumps, hop-
good technique in ing they are divided 2-2. But when
say you're in four West shows out, you next play the A-
ads the queen of K of diamonds, still hoping for a 3-3
ow from dummy break in that suit.
ontinuation. How The diamonds don't split, but
? you get lucky when it turns out that
inescapable, so East is the one with the greater
avoid losing two length. This allows you to ruff a
e of which must fourth diamond in dummy safely,
Two factors are and you wind up making the con-
ips are divided 2- tract.
the contract by At no point were you sure you'd
playing the -A-K make four hearts, but at least you fol-
d. The fourth dia- lowed the line of play that offered the
ffed in dummyif best chance of success.


E



O0


Hi


SE

(G


The
Tom
wonis in
the main
hear of
21st
D-
Dictloeary
(1999
WdNtioW).


SHOW many words of four
letters or more can you make
from the letters shown here?
In making a word, each letter
may be used once only. Each
must contain the centre letter
and there must be at least one
Snine-letter word. No plurals.
TODAY'S TARGET
Good 19; very good 29;
k ,w -excellent 38 (or more).
Solution tomorrow.


Material good when hot (5)
Is colourful, excellent In brown,


maybe(7)
10 Gofurtively like a
wriggling snake (5)
11 Sign used In calibrating (5)
12 Nasty noise from the organ (5)
13 Having lost one, he's short (7)
15 Famliar sleuth In a white coat (3)
17 Soon to be nameless (4)
18 Dan's upset about Eva
being In a state (6)
19 Bent on sounding pained In bed? (5)
20 TV business person; fierce, one
Imagines (6)
22 A fishy mouthful doggedly taken? (4)
24 Money, some of which
Is returned (3)
25 How to address raiders,
possibly? (4,3)
26 Person supporter with a
companionable air? (5)
27 Paper spolt by a spl of oil (5)
28 Breaks Into pictures? (5)
29 Badly It(7)
30 Possibly fired forbeng French? (6)
31 Rattled off a kind tter(5)


spololns
MUoM: 9,al once10Ar-.tlhok-.e12 Deal 13Pr, ed
rized) 14, GI-A-dal 15, Ceflal-n 17 6ff.men 18,
P-age-at(s)s19,0Mo.(dk4 20,Sho2 Took Cw- 25,
Caed oin Ohe 2", F o- S d 32, Hal
palo 34, The-rIses ai Rllin e, e-arman 37,
On-(omlng)-e 88, Suspected 39, HIdeb-ound
DOWNlHand-lcap 2, Floating vole 3, Undre-am-t 4,
Reason H-and-s o-ut6, Stage er 7, Scratch 8,
Bed-lng-.ton 11 O.pe (rev) 16 Flan-C-e 19, Mar (rev) 21,
Had a ubasnfu22, Ml.alr 23,To-otNl-msh24, VfyIghts
25, Careway28, Fl 29,, Stew..D.e ,De nd
S31, NotIced 33, IdL.es 34, Tr-ash-y


DOWN
2 Contaner usedbyan andent
Peruvian In ouler Talwan (3,8)
3 Catherine's place, historically (6)
4 Animal talk? (3)
5 Show contempt of
a short drink (5)
6 Comforted when a good card's sold
out (7)
7 Doubles partner? (4)
8 Made me enter the shallow
pamt (6)
12 In general, to make good
progress (3,2)
13 Bow-legged, big headed and
bushy tailed (5)
14 Hadhe a nose for conquest? (5)
15 The payment Is for the hire car (5)
16 Supply grub in front of a pillar (5)
18 Ir's perpetually negative (5)
19 Eary career as.a young ruffian? (7)
21 Regarding wrought Iron,
a great artist (6)
22 Just thedrink for a rallman? (6)
23 A ltle cash, less than ample for a
regular drink (6)
25 The last place to dump anything (5)
26 It' In the notes to quote from (4)
28 Ai you needIn More telegraphy (3)


150:9, PundWo 10, Nectarine 12, Te 1, People
14, Unleash 15, Innocuous 17, Dedkiated 18, Sawdust 19,
(adget20, Epl 2m*PllniMlhsk5.Peiali 26,Rek27,
BNde29,Ckoxe2,Onoiaker34,Fraena3S5,A c
36, oa 37, Stun h, Obetacles ,
Tennessee.
DOWN: 1, Utal 2, Once in a while 3, Barefoo 4,
Elopes 5, Iandd 6, oundrel 7, Waok 8 Methodic
11, Inapt 16, Crise 19, Gas 21, Pitch-andto 22
Income23,Perolator24, Largecale 25, Pie 28, bltres
29, ChasoM 30, Spir 31,Poftray 33, Laud 34,
Faft


1 2 3 4 5 a 7 a8
9



1314 is i16
1718


219



24 29
m-m o-m-


I EASY PUZZLE I


ACROSS
1 Month (5)
6 Attain (5)
9 Rested (7)
10 Witches'
group (5)
11 About (5)
12 Custom (5)
13 Idler (7)
15 Place (3)
17 Plant (4)
18 Small
case (6)
19 Royal (5)
20 Rescued (6)
22 Meadows (4)
24 Pitch (3)
25 Angry reply (7)
26 Cold
dish (5)
27 Characteristic (5)
28 Salary (5)
29 Lack (7)
30 War-horse (5)
31 Molars (5)


DOWN
2 Unprincipled (6)
3 Invent (6)
4 Domestic
5 Neighbouring (5)
6 Performance (7)
7 Revise (4)
8 Prickly plant (6)
12 Chopped (5)
13 Middle (5)
14 Of the sun (5)
15 Yearns (5)
16 Anxious (5)
18 Acceptable (5)
19 Told (7)
21 Tropical bird (6)
22 Find (8)
23 Affirm (6)
25 Quick (5)
26 Team (4)
28 Humour (3)


I 11!'!

In 4)0

~' -~1~ 4)-~
~g04)I-


THURSDAY,
NOV 15

ARIES Mar 21/Apr 20
You're taking a step in the right
direction this week, Aries, but you
won't seem to make much forward
progress. Better regroup and work
toward your goal again next week.
TAURUS Apr 21/May 21
A short stint of feeling sorry for your-
self is obliterated when your self-con-
fidence returns, Taurus. You'll make
monumental strides in the days to
come that will also boost your ego.
GEMINI May 22/jun 21
You've been looking for help in all
the wrong places, Gemini. Why not
focus your sights closer to home?
Family members should be the first
people you call upon.
CANCER Jun 22/Jul 22
Time is of the essence in regard to a
work situation, Cancer, but you've
been dawdling much too often in this
area. Put your nose to the grindstone
and make some action.
LEO Jul 23/Aug 23
Wishing and hoping are no ways to
get things accomplished, Leo. Plot a
course of action and take steps to see
it through to its completion. You'll
feel much more satisfied.
VIRGO Aug 24/Sept 22
You have been working too hard at
making a relationship work, Virgo.
The signs are clear, this matchup just
has no future. Cut your losses while
you still can.
LIBRA Sept 23/Oct 23
When it comes to your week, Libra,
there are surprises around every cor-
ner. If you keep in mind that there will
be no dull moments, it'll be much eas-
ier for you to muddle through.
SCORPIO Oct 24/Nov 22
You'll have a hand in a project at
work that will bring you great suc-
cess, Scorpio. Just don't let all the
backslapping go to your head. Next
time you'll have to work even harder.
SAGITTARIUS Nov 23/Dec 21
An argument with someone at
home leaves you looking for allies,
Sagittarius. Unfortunately, no one
is taking your side this time around.
Better rethink your strategy.
CAPRICORN Dec 22/Jan 20
It's time to make a drastic change in
your life, Capricorn. Perhaps you
should think about relocating or switch-
ing jobs. Your head is firmly planted on
your shoulders, so it'll be easy.
AQUARIUS Jan 21/Feb 18
You finally have the motivation to
tackle a laundry list of projects,
Aquarius. Take one at a time or you
could get overwhelmed and want to
abandon the tasks at hand.
PISCES Feb 19/Mar20
A stroke of luck finds you in a very
fortunate place later in the week
Pisces. It's just what you need t(
brighten your mood.


I CHESSbyLeona.rdardn


Alexander Tolush v Gosta Stoltz,
Bucharest 1953. In the years during
and after the Second World War,
several top grandmasters were
heavy drinkers. World champion
Alexander Alekhine died an
alcoholic in 1946, his last years
tarnished by claims that he had
written anti-Semitic articles for the
French press during the German
occupation. Some Scandinavians
led by Gideon Stahlberg and Stoltz
had been addicted to schnapps and
cognac since the 1930s. The
Russians would never admit
personal deviations by their sports
heroes, but it was well known that
Ratmir Kholmov was such a heavy
drinker that this highly gifted GM
was never allowed to compete in
the West. Tolush was another case.
In extenuation, he was commander
of a guards brigade during the war
and fought all the way'from his
native Leningrad to the gates of
Berlin. And he handled his problem
well. Bucharest was his greatest


UIF :I


1~iL


a b dc c


8485

I






f g h


success, first prize ahead of his pupil
Boris Spassky and another future
world champion, Vassily Smyslov. I
don't know how sober Tolush and
Stoltz were for today's game, but the
zestful attacking play on both sides
suggests they had shed their
inhibitions. Here White (to play) has a
small material edge, though a win
would be difficult after the obvious
exchange of queens. Instead, Tolush
forced checkmate. Can you find the
finish?
LEONARD BARDEN


hess: 8485:1 Rxh7+l Kxh7 2 Nf8++ Kg7 3 Qh7+
Kxf8 4 Qf7 mate.


I


ACROSS
1 Thec


I CRYPTIC PUZZLE I


odd street light (5)


6
9


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0
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THE TRIBUNE












THE TRIBUNE


THURSDAr, M


., 4.007, PAGE 25


INTERNATIONAL NEWi


Canadian govt to

investigate former

PM's alleged

dealing with

businessman
TORONTO

CANADA'S leader ordered a
formal investigation Tuesday into
claims that a businessman who is
wanted in Germany on tax
charges made deals with former
Prime Minister Brian Mulroney,
according to Associated Press.
Mulroney has admitted he
accepted $300,000 in cash from
German businessman Karlheinz
Schreiber in a series of hotel
room li. L tins following his
departure from politics, but says
the money involved private busi-
ness dealings.
But Schreiber filed an affidavit
in court last week claiming that he
discussed the $300,000 with Mul-
roney before the former prime
minister left office.
Schreiber also claims in court
documents that an adviser to
Mulroney asked him to transfer
funds, in connection with Air-
Canada's 1988 purchase of Airbus
planes, to a Mulroney aide when
Mulroney was prime minister.
Prime Minister Stephen Harp-
er said Friday he was appointing
an independent adviser to look
into the matter, but changed
S. course Tuesday with the order of
a full probe.
Royal Canadian Mounted
Police Sgt. Nathalie Deschenes
said they will review claims made
by Schreiber and decide if there
should be a separate criminal
S investigation.
Mulroney, who served as
Canada's Conservative prime
minister from 1984 to 1993, denies
the charges and has said there
should be a public inquiry, say-
ing that a wide-ranging probe is
the only way to put the issue that
has dogged himnfor years to rest.
"I've done nothing wrong and
have absolutely nothing to hide,,'
Mulroney said at a fundraiser
Tuesday night. "Twelve years ago
I was falsely accused. I fought and
won. ... I'm going fight and win
again."
Mulroney received a $2.1-mil-
lion Canadian defamation settle-
ment from the former Liberal
government after his name was
publicly mentioned in connection
with a 1995 investigation into the
sale.-of Airbus.jets to Air Canada.
He 0i.iir ni'l .i -, the victim' of
a vendetta b1 p,-licii. r .il aihd
vindictive journalists.
Schreiber is facing extradition
to Germany on tax and fraud alle-
gations. Germany alleges that
Schreiber, who has dual Canadi-
an-German citizenship, avoided
paying income tax on $46 million
Canadian in commissions. The
fraud charges against him arise
from a deal for the sale of Ger-
man army tanks to Saudi Arabia.
Mulroney has been a close
adviser to Harper's Conservative
government, but Harper warned
members of his government last
Friday not to deal with Mulroney
until the issue is resolved.
Harper's Conservatives won a
majority of seats in the House of
Commons in 2006 after he
promised to clean up corruption
in Ottawa. The previous Liberal
government lost the election
because of a corruption scandal.





CAVES VILLAGE

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Tel: 322-8862/3 E-mail: info@robertsfurnitureco.com


FUEL SURCHARGE 2006 2007
13.39850


12.4053C
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u 2006





Your electricity bill is made
up of the basic rate, which is
constant and has not
changed since0ctober2003,
and the fuel surchar, which
is based on the price of
petoleum in the international
market and is calculated


OCT NOV DEC monthly using a fixed fomiula


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Fishing in areas affected by San Francisco



Bay oil spill halted amid health concerns


* SAN FRANCISCO

FISHERMEN here are pack-
ing up and heading home after
Gov. Arnold Schwarzenegger sus-
pended all commercial and sport
fishing in areas affected by last
week's San Francisco Bay oil spill,
according to Associated Press.


The decision likely will make
the biggest dent in the highly
anticipated commercial season
for Dungeness crab, which was
scheduled to start in the bay
Thursday but has now been post-
poned for at least 2 1/2 weeks
amid health concerns.
The delicacy, available up and
down the West Coast, is enjoyed


both by tourists and residents
who serve crab alongside the
turkey with their Thanksgiving
dinner.
"It will set us back quite a bit,"
said Art Romine, 38, a crabber
who planned to return home to
Newport, Ore., after hearing
about the suspension Tuesday.
"We can't be bringing in crabs


BBJ Q


that are possibly toxic," he said.
"That wouldn't be good for the
market at all. People don't want
to buy toxic food."
The 58,000-gallon spill
occurred when a cargo ship suf-
fered a gash in its hull after col-
liding with the San Francisco-
Oakland Bay Bridge in heavy fog
last week. The governor promised
to investigate the cause of the spill
and the Coast Guard's response.
The pilot of the ship said he
immediately reported the pres-
ence of oil in the water, but
cleanup crews didn't arrive on the
scene for nearly 90 minutes. A
Coast Guard log places a skim-
ming vessel at the scene in 80
minutes.
Coast Guard officials defended
their response as "by the book,"
but concede mistakes in their
communication with the public.
Initial reports set the spill at just
140 gallons; the Coast Guard
waited hours after learning it was
much larger before notifying local
officials.
Federal prosecutors are con-
ducting a criminal probe and have
interviewed members of the crew
about the events leading up to
the crash. The harbor pilot who
was guiding the ship through the
bay toward open water has not
been subpoenaed in that investi-
gation, his lawyer said.
A day after the spill, the gov-
ernor praised the Coast Guard
for taking "immediate action."
But speaking Tuesday,
Schwarzenegger seemed to
change course.
The oil spill was the result of
"unbelievable human failure," he
said. "Then on top of it, it takes
that long to react to the oil spill so
by the time the next day comes
around, the oil is all over the
bay."
Later, after a briefing by Coast
Guard officials at their command
center, Schwarzenegger side-
stepped questions about whether
he was satisfied with the agency's
response.
"I'm not an investigator," he
said.
He did pledge a thorough
investigation "to see also if we as
a state can do more in order to
prevent those kind of accidents."
"Believe me, we will ask the
tough questions that need'to be


BIRDS FLY over Crissy Field East BeE
clean up in SanFrancisco, on Tuesday
ship Cosco Busan struck one of four
Francisco-Oakland Bay Bridge's west
ing a 90-foot gash in the hull that dur
bay, fouling miles of coastline and kil

asked," Schwarzenegger said.
At Clipper Cove on Treasure
Island, more than a dozen
cleanup workers in white Haz-
mat suits worked on their hands
and knees, painstakingly skim-
ming thin layers of sand from the
beach with hand trowels. By mid-
day, Peter Cabral of the cleanup
company Emergency Response
Group said, crews had filled
about 125 bags with oil and other
debris just from Clipper Cove.
Similar cleanup efforts contin-
ued across the region.
The start of the commercial
crab season in the area was post-
poned until Dec. 1, or until state
health and wildlife officials deem
it safe to reopen the fisheries.
Crab fishermen voted Satur-
day to ask the governor for the
postponement because of con-
cerns that crabs could be conta-
minated by ocean and bay water
used to keep the crustaceans alive
on boats after they're harvested
from the sea floor.


ach, which is closed for oil
y, Nov. 13, 2007. The cargo
supports beneath the San
ern section last week, open-
mped 58,000 gallons into the
ling dozens of shorebirds.

Officials say it's the first fishing
ban stemming from an oil spill in -
California. There's no evidence' -
that seafood has been affected by
the spill, but officials wanted to
prioritize the public's safety, said
Steve Edinger, assistant chief of
the Department of Fish and
Game.
Schwarzenegger also ordered
the state Department of Public '.
Health to determine whether
people can become sick if they
eat seafood caught in areas
impacted by the spill.
The suspension will be an eco-
nomic hardship for many fisher-
men, especially crabbers from
Oregon, Washington and Cali-
fornia's distant North Coast. The
Bay Area crab fishery attracts
out-of-town fishermen because it
opens two weeks earlier than
larger fisheries farther north.
"We're going to go home
broke," said Jason Morford, 38, of
Newport, Ore. "We're going to
be in the hole."


*", i ;4 : .1.-






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'' .:. .
-; -, .. , r -
-fO. :; '" "", 4 ,"


b'ih-''.,o' *"


S4. *

The Bahamas Ministry of Tourism and Aviation
In Cooperation with
The Bahamas Hotel Association

Presents
The 13th Annual











CHRISTMAS CRAFT & SOUVENIR SHOW





65+ BOOTHS, featuring:
Christmas ornaments and accessories
Exquisite handcrafted products and much more... all locally produced





Win lots of prizes and enjoy a complimentary eggnogl

Bahamas Hotel Association Holiday
Silent Auction (Friday and Saturday Only)

Special Addition:
Kids' Corner, Story-telling, Ophie and the Websites Rake 'n Scrape Band,
Sunday Desserts with Chef Tracey





WYNDHAM NASSAU RESORT & CRYSTAL PALACE
CASINO BALLROOM FOYER, CABLE BEACH

Sponsors: FirstCaribbean Bank; Royal Bank of Canada; J.S. Johnson;
Bahamas Development Bank; Purity Bakery; D'Albenas Agency Ltd.;
Bacardi Company Ltd.; Ardastra Gardens; Scotiabank;
The Bahamas Ministry of Tourism and Aviation


THE TRIBUNE


PAGE 26, THURSDAY, NOVEMBER 15, 2007


. .





Zi ~


THE TRIBUNE


THURSDAY, NOVEMBER 15, 2007, PAGE 27


You can count on us for

"UNBELIEVABLE DEALS!"


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on Thursday, November 15th and on Friday, November 16th in Grand Bahama


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SO Y


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PAGE 28, THURSDAY, NOVEMBER 15, 2007


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I 1-u ,o', n,,


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PAGE 30, THURSDAY, NOVEMBER 15, 2007



Iran's ex-nuclear negotiator accused of passing classified information to Brilish ,, .


TEHRAN, Iran
IRAN'S former senior nuclear
negotiator has been charged with
passing classified information to
foreigners, including the British
Embassy, the Iranian intelligence
minister said Wednesday, accord-
ing to the official IRNA news
agency, according to Associated
Press.
Hossein Mousavian, the top
negotiator under reformist for-
*- mer President Mohammad


Khatami, was briefly detained in
May, again on suspicion of espi-
onage, according to the semioffi-
cial Fars news agency.
"He has been informed of the
charges that he has given the
British Embassy information con-
trary to the security of the coun-
try," IRNA quoted Intelligence
Minister Gholam Hossein
Mohseni Ejehi as saying.
There was no word on when
his trial would begin.
"From the viewpoint of the


Intelligence Ministry, he is a crim-
inal. ... This is definite and prov-
able. But the decision (on the
case) rests with the judge," Ejehi
said, according to Fars.
On Monday, hard-line Presi-
dent Mahmoud Ahmadinejad
blasted critics of his nuclear poli-
cies as "traitors" and accused
them of spying for Iran's enemies,
using his strongest rhetoric~yet
against domestic opponents and
raising concerns of a possible
crackdown.


SEVERAL OF the horses and other animals are re-built on the carousel in City Park in N
day, Nov. 13, 2007. The carousel restoration from Hurricane Katrina cost $500,000.


THE TRIBUNE;












-.
:











.























ew Orleans Tues-


Antique carousel reopens

after Katrina shutdown


M NEW ORLEANS
THE first riders on the spirited
wooden horses might have been
boys in sailor suits and girls in
wide-collared dresses, accompa-
nied by mothers attired sweeping,
feathered hats and Gibson girl
dresses, according to Associated
Press.
The antique carousel in City
Park, built in 1906 and closed since
Hurricane Katrina left its painted
horses standing in water for three
weeks, reopened Tuesday with a
belated 100th birthday party.
Champagne and cake were laid
on for about 200 guests major
donors who helped restore City
Park and one of the most popular
rides in its amusement park but
no balloons, no crepe paper, no
band.
"The star of the show is the
carousel. The carousel speaks for
itself," said John Hopper, chief
'development officer for City Park.


Its lion, camel, giraffe and 51
spirited horses with real horsehair
tails are in an elite company: only
about 55 other working carousels
around the country are as old.
"It's not easy toget them to a
hundred. A lot of them ended up
in people's living rooms," Bette
Largent of Spokane, Wash., presi-
dent of the National Carousel
Association, said in a telephone
interview Tuesday.
She said about 5,000 wooden
carousels were built in the first half
of the last century. Now, only 142
carry children while a band organ
translates holes on a heavy paper
roll into hooted, tooted tunes.
"A lot were lost to fire and
flood. Then collectors discovered
them and went to auction,"
Largent said.
On top of that, New Orleans'
carousel has its original band
organ, is in its original setting and
even its original building, with
"etched glass that would reflect.


light through the stained glass of
the building a light show with-
out electronic equipment."
Even as late as 1988, when New
Orleans' was restored, about 500
original wooden carousels were.
operating. A year later, the Nation-' -
al Register of Historic Places -
added City Park's carousel and its.
building.
The carousel restoration cost
about a half-million dollars a .
drop in the lagoon, considering'.
that current totals for the 1,300-'. '
acre park are about $43 million,.
but still a lot of work.
That included replacing all of .
the flooring, thousands of panes
of glass and the public address sys- -
tem; adding 54 new structural piers' .
beneath the building; repairing the ':
band organ, and repainting every-'
thing. In addition, all but the 30- .
flying horses had to be sent to a' -
Connecticut carousel repair shop.. *"
"The water wicked up in their
hooves," Hopper said.
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I N 1 I, N A T 1 0 N A L
eoneatl 8


No


'Oasis'


in sight


for resort creditors


Chamber president
says debit card
use will cut down
on cash and cheque
transactions, reducing
crime and fraud
* By TANEKA
THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
THE Automated Clear-
ing House (ACH), which
will allow consumers to pay
for goods and services elec-
tronically via debit cards
without the need for cash or
cheques, is expected to be
implemented by mid-2008,
the Bahamas Chamber of
Commerce's president said
yesterday.
Speaking at a press con-
ference announcing its annu-
al Crime Prevention Semi-
nar, which is scheduled for
November 19, Dioniso
D'Aguilar, Superwash's
president, said this proposed
initiative was one of many
that could help crime pre-
vention. Others would be
outlined at the upcoming
seminar, in an effort to sig-
nificantly reduce the num-
ber of armed robberies and
employee thefts Bahamian
businesses are increasingly
experiencing.
"I have been lobbying for
the speedy implementation
of the necessary technology
that will allow as many of
our customers to pay for
goods and services that busi-
nesses sell with the swipe of
their ATM card. . no cash
needed. No cash sitting
around your business tempt-
ing the robbers or your staff
to steal it. The [money will]
simply be transferred from
the customer's account into
your business account elec-
tronically," the Chamber
president said.
Mr D'Aguilar added that
he will continue to lobby
Bahamian clearing banks to
implement this proposed ini-
tiative as soon as possible.
Bank of the Bahamas Inter-
national's managing direc-
tor, Paul McWeeney, was
"leading this charge", hav-
ing told the Chamber that
the electronic payments sys-
tem should be "up and run-
ning" by the middle of 2008,
Mr D'Aguilar revealed.
Attempts were made to
contact Mr McWeeney, but
up to press time he could not
be reached.
Mr D'Aguilar described
crime as "a vexing issue" for
most Bahamian businesses.
Apart from armed robbery,
there was "the enormous
amount of employee theft
and fraud committed by cus-
tomers against our business-
es.
"These crimes are typical-
ly unrepofrted or under
reported, since the time and
effort needed to bring the
culprits before the courts
and seek some restitution is
so enormous that most busi-
ness persons refuse, rather
frustratingly, to pursue these
matters at all."
Companies, Mr D'Aguilar
said, needed to learn about
strategies to make it as diffi-

SEE page 17B


* By NEIL HARTNELL
Tribune Business Editor
THE attorney for one of the hotel
industry pension funds yesterday urged
the Government to state its position on
the creditors still owed money by the for-
mer Royal Oasis owners, and whether it
will help them achieve a resolution to
the debts they are owed with the parties
involved in the resort's sale.
Don Saunders, an attorney with Hals-
bury Chambers, who is representing the
Bahamas Hotel Industry Management
Pension Fund in its bid to recover
unpaid pension contributions by the
former Royal Oasis owners, said his
client was still attempting to discover
whether there were any surplus assets
that could be used to settle the debt.
He added that Lehman Brothers' pri-
vate equity arm, which became the Roy-
al Oasis de facto owner by virtue of the
mortgage it held on the property, had
not disclosed how much it had received
from the resort's $33 million sale to


* By NEIL HARTNELL
Tribune Business Editor
THERE is "no cause for
alarm" in the 2006 audit report's
determination that the Bahamas
Development Bank (BDB) will
need further capital injections
from the Government to survive
as "a going concern", its chair-
man yesterday telling The Tri-
bune that the institution would
focus on adjusting its lending
practices and cost management
for long-term survival.
The 2006 external audit of the


The Bahamas

GDP growth

among lowest

in the region
By NEIL HARTNELL
Tribune Business Editor
THE Bahamas has one of the
lowest projected real economic
rates for the Caribbean in 2007,
according to International Mon-
etary Fund (IMF) forecasts,
which agreed with the Central
Bank of the Bahamas gover-
nor in pegging GDP growth at
3.1 per cent.
That growth rate, though, is
well behind the 6 per cent real
GDP growth average project-
ed for the Caribbean region as a
whole, with countries such as
the Dominican Republic and
Trinidad & Tobago projected
to achieve economic growth of 8
per cent and 6 per cent respec-
tively for 2007.
Barbados and Guyana were
projected by the IMF to enjoy
growth rates of 4.2 per cent and
5.6 per cent respectively, while
the Eastern Caribbean Curren-
cy Union (ECCU) economies
were forecast to grow by 3.6 per
cent in 2007.
Even Haiti was projected to
grow by more than the
Bahamas, generating a 3.2 per
cent GDP expansion, with only
Jamaica enjoying a lower
growth rate than this nation.
Kenwood Kerr, Providence
Advisors' chief executive, said
he was unable to "pinpoint" the
reason why the Bahamas' GDP
growth rate was lower than this
nation's Caribbean rivals.
Saying he was "surprised",
Mr Kerr added that Trinidad
and the Dominican Republic's
growth rates could be explained
by the performance of the for-
mer's oil industry, and the lat-
ter's attraction for resort-relat-
ed foreign direct investment
inflows.
"What is happening is that
there are other places getting
the boost of the tourism and
SEE page 6B


* Attorney for hotel industry pension fund
urges government to state its position on
whether it will help resolve outstanding
debts
* Says fund and other creditors unsure if
surplus assets from resort's sale and
insurance left after Lehman uses debenture
to recover $59m mortgage


Harcourt Development Company and
the recovery of insurance proceeds
related to Hurricanes Frances and
Jeanne in September 2004.
Mr Saunders disclosed that as a result
of a floating debenture it held over the
Royal Oasis and a $59 million mort-
gage, Lehman Brothers' private equity
arm had taken the position that it was
the preferential creditor, meaning it had


first call on any assets the insurance
and sales proceeds.
This would be used to settle the $59
million mortgage debt owed to it when
Driftwood (Freeport), the operator and
borrower pf that mortgage, closed the
Royal Oasis's doors in September 2004,
leaving more than $22 million in liabil-
ities.
Among those liabilities were unpaid


BDB, performed by accountants
Moore Stephens Butler & Tay-
lor, reported: "The liquidity posi-
tion of the bank, and the contin-
uing deficits, indicates that the
bank will require equity injection
from the Goeminment of the
Bahamas if t is to conhnue as a
going concern."
The BDB sustained a $3.331
million loss for the year to
December 31, 2006, a more than
five-fold increase on the previous
year's $627,210 loss. At the year-
end date, it had just $47,923 in
cash on hand, and fixed assets of
$55.761 million.
These fixed assets were worth
just $117,105 more than the
BDB's liabilities of $55.644 mil-
lion, some $53.148 million of
which constituted long-term debt.
Since its incorporation in 1974,
the BDB had run-up an accumu-
lated deficit of $25.741 million
through consistent losses.


.4,


C


Yet BDB chairman Daron
Cash, who is Doctors Hospital
Health Systems (DHHS) chief
financial officer, said any govern-
ment support for the bank might
not necessarily take the form of
straightforward capital or equity
funding.
Instead, the BDB Board and
management would ensure the
bank's long-term survival, and
ability to carry out its mandate, by
reforming lending and opera-
tional practices and controls, with
a focus on supporting projects in
areas and markets targeted by the
Government.
Mr Cash explained: "The most
important thing is that the Board
is going to take immediate steps
to ensure the long-term viability
of the bank.
"We are essentially going on
the basis that we don't expect a
SEE page 12B


pension contributions to'both the
Bahamas Hotel and Allied Industries
Pension Fund and Bahamas Hotel
Industry Management Pension Fund,
the debt now understood to have
reached between $4.5-$4.7 million as a
result of interest and costs stemming
from Supreme Court judgments in their
favour.
Yet Mr Saunders yesterday said nei-
ther he nor his clients had been able to
obtain from Lehman Brothers or their
Bahamian attorney, Valentine Grimes,
information on whether any surplus
assets remained to settle their debt after
the private equity fund took its share of
the sales and insurance proceeds assets.
Mr Grimes did not return The Tri-
bune's call seeking comment yesterday.
Caryl Lashley, of Dupuch and Turn-
quest, who is representing the Bahamas
Hotel and Allied Industries Pension
Fund, also did not return this
SEE page 6B


'Register' pension funds

for outward investing


* By NEIL HARTNELL
Tribune Business Editor
A REGISTRATION system
for Bahamas-based pension
funds and their managers could
be established to allow them'
to invest assets outside this
nation, a leading financial
adviser told The Tribune. % itli
the Central Bank of the
Bahamas having the authority
to recall these assets should the
external reserves and banking
sector liquidity come under
heavy pressure.
Larry Gibson, vice-president
of pensions at Colonial Pen-
sions Services (Bahamas), told
The Tribune that one factor
behind the returns delivered
by Bahamas International
Securities Exchange (BISX)
listed securities and other pub-
lic stocks was the absence of a
broad range of investment
options for Bahamas-based
institutional investors.


As a result, pension fund
managers and other institutions
were often left with little choice
but to invest in and hold -
public company stocks, as
these often provided the best
rates of return. Yet there was
little diversity and choice in the
Bahamian market.
As a result, Mr Gibson sug-
gested that the Bahamas adopt
a system used in other coun-
tries, where registered pension
funds and pension fund man-
agers had the ability to invest a
percentage of their assets out-
side this nation.
Describing a "lack of supply
as it relates to demand on the
investment side", Mr Gibson
said one major factor behind
the double digit returns deliv-
ered for investors by BISX
stocks during the first 10
months of 2007 was "structur-
al", namely the paucity of
SEE page 3B


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THE TRIBUNE


'No cause for alarm' on


bank as 'going concern'


+<


iBmag


a-~; -'; -i,."Am36l yt*AeNi^ W -0a^ ^ *iei.<~A",

- I rr I I


.... ,I ;















Why we need a small





business strategic plan


* By MARK A TURNQUEST
I FEEL there needs to be a
National Small Business Strategic
Plan for the Bahamas, one that sur-
vives political parties'-interference.
If the small business sector is said
to be a huge driver of the country's
success, then the Government, pri-
vate sector and small businesses
must collaborate to make "success"
sustainable in the future. Let me
indicate how I think this strategic
national plan should be formulated.
The Government perspective.
Government organizations, such
as the Bahamas Development Bank,
BAIC and the Bahamas Entrepre-
neurial Venture Fund, must syner-
gise their efforts and focus on devel-
oping a customised package for
small business. This package should
include financial funding, business
consulting and business training
linked into one programme.
If business owners want to borrow
money and do not want to go
through basic business management
training, then do not lend them the
money. An umbrella organisation,


Development Bat ik, Cand the Bahamas


packageshouldinc S llludinnial fning



likd noin por mme.

lllll~e'l


such as the discontinued Domestic
Investment Board, or some other
body could oversee the operation of
such a programme. Presently, gov-
ernment organizations that focus on
business development are not
strategically linked, and are not
operating at their full potential.
I think there are many capable
leaders at these organizations who
could get the job done without
political interference.


The Private Sector perspective
In recent years, the Bahamas
Chamber of Commerce has tremen-
dously improved its ability to assist
small business owners, providing
knowledge and avenues for them to
become more competitive from a
global perspective. Small business
owners need to use the Chamber's
resources more.
Commercial banks, notably Com-


monwealth Bank, FirstCaribbean
International Bank (Bahamas), Sco-
tiabank and Royal Bank of Canada,
have indicated they are now strate-
gically focusing on small business
development in the Bahamas. This
is an excellent shift, but the banks
must fully commit to small business
development.
My one concern is that commer-
cial banks must link business train-
ing programmes with financial fund-
ing. They should partner with busi-
ness training organizations to devel-
op their clients' competency in how
to operate their business in an effec-
tive and efficient manner.
Adequate financial funding,
linked with business management
training, is the formula for business
success. As a result, loan payments
and other business obligations are
easily honoured.
The Small Business perspective
First of all, the small business
owner's life plan must coincide with
the small business owner's business
plan. Let me explain.
A small business owner must pre-
pare their life to operate a prof-


itable business. They must receive
business management training, have
separate bank and credit card
accounts, and be committed to
being honest.
Like wise, small business owners
must be prepared to operate aprof-
itable business by training their
staff, establish a mission and oper-
ate a legitimate business.
The way forward for Small
Business Development
in the Bahamas
In order for there to be a positive
change in the small business market,
the Government, private and small
business sectors must align
resources and capabilities in order
to establish a National Strategic
Plan for small business development
in the Bahamas.
The plan must be written into law
and should not be politically inter-
fered with by changing governments
NB: Mark A Turnquest is presi-
dent of the Small Business Resource
Centre of the Bahamas. He is a
business training and development
consultant


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THURSDAY, NOVEMBER 15, 2007, PAGE 3B


THE TRIBUNE


Over $lm in industrial




park rent is owing


* By CARA
BRENNEN-BETHEL
Tribune Business
Reporter
SOME $1.06 million in out-
standing rent that should have
been collected from business
tenants at the Solider Road Park
Industrial Park lay on the
Bahamas Agricultural and
Industrial Corporation's (BAIC)
books at year-end
2003, with "no significant
effort to recover" the sums
owed/
Agriculture and Marine
Resources Minster,. Larry
Cartwright, told the House of
Assembly yesterday that the
total rent revenue that should
be collected from the Solider
Road Industrial Park (SRIP)


was $461,973 per annum at
occupancy level, but in 2003
total revenues collected were
only $332,765.
"Despite the addition of a col-
lections officer and a collections
assistant, there was no signifi-
cant movement or effort made
to recover the amounts," he said,
tabling BAIC's 2003 financial
statements.
Mr Cartwright added that
despite a suggestion to outsource
the collection efforts, nothing
appeared to happen.
In addition, BAIC's micro
loan facility was "out of con-
trol", with significant breaches
in documentation and overall
administration.
Mr Cartwright said obvious
infractions included:
No files in place


'Register' pension funds

for outward investing

FROM page one

domestic investment options for institutional investors.
"You have all this-money, but it's all being channelled," Mr
Gibson said. "You can't really adjust your portfolio, because if you
sell something, you won't get it back, so you're forced to take a
long-term view.
"What needs to happen is that we really ease the pressure by
allowing registered pension funds and registered managers. If you
run into a reserves or liquidity crunch, you can call it back in.
"You register the manager, you register the fund, and let them
invest abroad, so they get higher growth, higher liquidity and
greater investment options. But if there is a disaster and you need
foreign exchange, they can be called back in."
While the performance of the BISX All-Share Index had matched
that of the Nasdaq's, and exceeded the Dow Jones Industrials
index and S&P 500, Mr Gibson pointed out that the price/earnings
ratios of Bahamian public companies were below those of their US
and European counterparts.
"The lack of liquidity is holding the market back from further
advancing," Mr Gibson said.
He added that another factor behind the Bahamian market's per-
formance was its dominance by banking stocks, which accounted for
6Q,.per cent of BISX's market capitalisation FirstCaribbean taking
up40per cent of tlis alone..
*w ., .^ i... *,', , ,,*


No documentation for items
No assignment of revenue
forms in place
Where they were in place,
the amounts were not'collected
Violations of policies regard-
ing purpose and amounts.
The picture appeared slightly
less gloomy, in 2004, Mr
Cartwright said ,but much was
still left to be desired as BAIC's
net loss decreased from $1.614
million in 2003 to $812,596.
Mr Cartwright attributed the


improvement to a reduction in
the administration and general
expenses from $1.055 million to
$584,549.
He added that the improve-
ment was led by the cost con-
tainment in professional fees
from $234,000 to $20,000; travel
and entertainment decreased
from $232,000 to $65,000; office
expenses decreased from $94,000
to $43,000; and advertising and
promotions went from $132,000
to $4000.
Mr Cartwright said that in


2004, accounts receivable on
rentals grew by $106,000, with
very little movement in the col-
lections of micro loans.
The impact the revenue had
on cash flows resulted in a grow-
ing bank overdraft, leading to
higher overdraft interest
charges.
Mr Cartwright announced that
in 2002, BAIC's total losses were
$942,943, and in 2003, losses
totaled $1.614 million. This was
a growth of $670,624 or 71 per
cent.


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PAGE 4B, THURSDAY, NOVEMBER 15, 2007


Abaco welcomes new power plant


ABACO's flourishing busi-
ness community has welcomed
news that a new power plant is
set to open on the island by
the end of next year.
It is one of two develop-
ments announced this week
that point to the island's bur-
geoning economy.
Miami-based Bernuth-


Bahamas Shipping Line has
begun a new freight service
from the US into Marsh Har-
bour.
And Frederick Gottlieb,
BEC's executive chairman,
revealed during a radio call-in
that a new electricity plant will
be in operation by the end of
2008.


An Abaco business source
told Tribune Business: "Both
these developments indicate
that this island continues to
enjoy a booming economy.
"Business people, in partic-
ular, will welcome the news of
the power plant because out-
ages have become part of
island life. Mr Gottlieb said
there will be four new genera-


tors on a site possibly at Wil-
. son City that will be designed
to take care of our power
needs for the next 50 years."
Source
The source said businesses
had been affected in the past
by repeated outages due to
demand outstripping supply.


"We have all learned to live
with it, but if the island's econ-
omy continues to grow, we
must have the infrastructure
to go with it."
Bernuth's new weekly
freight service into Marsh Har-
bour reflects growing business
between Abaco and the States.
Five shipping companies,
including Betty K and Abaco


Shipping, already service the
island with regular scheduled
services.
Meanwhile, Abaco is expe-
riencing little or no downturn
in tourist business, despite eco-
nomic problems in the States.
"Tourism figures are staying
up, though they might not be
spending quite so much mon-
ey," said the source.


'Major fuss' on condo project


A CONDO project funded
by a Nassau development firm
is causing "a major fuss" in
Marsh Harbour, Abaco,
according to island sources.
The Crossings at High Rocks


is said to be "too big and too
high" for the waterfront site,
with certain features allegedly
not approved by town plan-
ning.
Three buildings, all three
storeys high, are being erected
on the site, much to the dis-
gust of those living in residen-


tial developments nearby.
"Marsh Harbour is having a
fit about it," an island source
told Tribune Business yester-
day. "There is a major fuss
going on here. The proposal is
that this project will make a
40-foot extension into the sea.
People fear it will ruin the


LAS TIENDAS
Jewelry Shop
International Bazaar Arcade
Tel. 325-3333


ANNUAL SALE

Starting November 16,2007


CHURCH STAFF POSITION FOR YOUTH WORKER




Applicants should:
t Be personable, creative, mature and passionate about young people.
t Possess excellent communication skills.
t Be familiar with youth cultures and trends.

Responsibilities include:
t Implementation and oversight of all Youth Ministry programmes.
t Planning and leading Youth Services and events.
t Leading young persons to Christ and creating life-time disciples.
t Building relationships between youth, congregation and the wider community.

Criteria for Employment
t A minimum of a Bachelor's Degree from a recognized university confirmed by a certi-
fied copy of certificate.
t Names and contacts of at least two professional references must be submitted.
t Willingness to support Church's programmes.
t Successful applicants will be expected to make a commitment to work in harmony
with Christian principles and to support the emphasis of The Bahamas Conference of
the Methodist Church of which the church is a part.

Please send Resume together with a covering letter,
a statement of philosophy and a recent photograph to:
The Trust Secretary
Ebenezer Methodist Church
P.O. Box SS 6145
Nassau, Bahamas

Or fax to: (242) 393-8135, or e-mail to bcmc@bahamas.net.bs

Candidates short listed will be contacted by telephone, fax or e-mail for an interview.

-Shirley Street, Nassau Bahamas


TEACHERS REAL ESTATE HOLDINGS LIMITED

NOTICE OF ANNUAL
MEETING TO SHAREHOLDERS


TIME & DATE:


PLACE:


ITEMS OF BUSINESS:


RECORD DATE:


Friday, December 7, 2007 at 6:00pm
Teachers & Salaried Workers Co-operative Credit Union
Head Office, East Street & Independence Drive.
(1) To announce the results of the examination of proxies;
declare a quorum present and proceed to business;
(2) To receive and approve the Minutes of the last Annual
General Meeting held on December 8, 2006.
(3) To receive and consider the Chairman's report;
(4) To receive and approve the financial statements and
the reports of the Directors and Auditors thereon;
(5) To elect Directors for the ensuing year and fix their
remuneration;
(6) To approve the appointment of Deloitte & Touche as
the Auditor of the Company, and authorise the Directors
to fix their remuneration; and
(7) To transact such other business as may properly come
before the meeting and any adjournment thereof.
Holders of 400,000 shares of record at the close of business
on October 25, 2007 are entitled to vote at the meeting.


FINANCIAL STATEMENTS: The Company's audited financial statements are included
in the Company's 2006 annual report, which is enclosed
as part of the proxy soliciting material.


MAILING DATE:
be

PROXY VOTING:






October 9, 2007


The Company will cause the accompanying materials to
delivered on November 8, 2007 to the last registered
address.
It is important that your shares be represented and voted
at the meeting. You can vote your shares by appearing in
person or by completing and returning the proxy form
enclosed. You can revoke a proxy at any time prior to its
exercise at the meeting by following the instructions in
the accompanying proxy statement.
By order of the Board of Directors:
Mrs Cheryl Bowe-Moss
Secretary


beach.
"They have also built a high
wall on the road and the set-
back is only 15 feet from the
road. There is also a gatehouse
which was not apparently on
the original plan."
The source said: "All these
things are very upsetting and a
petition was raised by proper-
ty owners who are against it.
"However, it seems this peti-
tion was never seen by the
town planning board and the
matter is now the subject of an
appeal at Central Abaco Dis-
trict Council."
The source said residents
were against condo develop-
ment in the area, claiming the
buildings were too big and too
high for their surroundings.
It is understood the devel-
opers are a Nassau-based legal
firm.


Did you receive a phone

call or letter from us?




You haven't contacted us .
Give us a Call!


We would be happy to help
you settle your debt.


Let's avoid any further action.




BEN-BO COLLECTION&

MANAGEMENT CO. LTD.

Phone us at 325-3603 or 326-8791
email benbecollect@batelnet.bs


I


BUSINESS








THURSDAY, NOVEMBER 15, 2007, PAGE 5B


THE TRIBUNE


I


when another public works
contract of similar size came
up, that particular contractor
would be 'rotated out' of the
bidding pool to give other
competent companies a
chance..
Mr Wrinkle said the Min-
istry of Works wanted to insti-
tute this so that "no one person
gets a monopoly on the bids. It
was well-received.
"The big thing coming from
all Bahamian contractors was a
fair and equitable opportunity
to bid on some of this govern-
ment work. They were very
receptive to the rotation sys-
tem.
"Once everyone is on a lev-
el playing field when they get
their licence, they [the Gov-
ernment] will be hard pressed
not to spread the work, and if
there's a problem it will be sent
to the Contractors Board for
review."


* By CARA BRENNEN-
BETHEL
Tribune Business
Reporter
THE Government may pos-
sibly require contractors to
lodge performance bonds for
all public works contracts
worth more than $1 million
when amendments to the Con-
tractors Bill are finally com-
pleted, although it is not an
issue the administration is
pushing currently, the minis-
ter responsible told The Tri-
bune.
"I know that this is some-
thing that the contractors are
asking for in negotiating the
amendments, and it is some-
thing that may come up, but
at the moment that is not an
initiative which I am pressing,"
Works Minister Earl Deveaux
said.
The issue of the perfor-
mance bond was raised by the
Bahamas Contractors Associ-
ation's president, Stephen
Wrinkle, following a seminar
at the weekend, where Mr
Deveaux had indicated the
Government intends to adopt
a policy of requiring perfor-
mance bonds on all contracts
worth more than $1 million. .
"That goes hand-in-hand
with the licensing. When you
have your license and are qual-
ified for $x value of work,
you'll be able to qualify for a
performance bond. When they
do activate the licensing, it will
give clients confidence in the
level of competency of the con-
tractor," Mr Wriqkle said.
The BCA president said the
Government's proposed policy
for performance bonds to be
lodged by contractors on pub-
lic works projects would com-
plement the Bill's intention to
licence all Bahamas-based con,
tractors in the work categories
and contract size they were
qualified for.
The Government has
released the draft Contractors
Bill for industry consultation,
and is seeking feedback by
January 1, 2008.
Contractors attending the
seminar also voiced general


CHURCH STAFF POSITION FOR ADMINISTRATOR
The Business Administrator is responsible to the Church, supervised by the Pastor fbr
administering the business affairs of the Church.

Functions:- 1. Establish and operate a financial record keeping and operating good
bookkeeping procedures.
2. Prepare financial report for Financial & Budget Committee and
Church Ireasurer.
3. Purchasing Agent. processing Purchase Orders.
4. Maintain records on Church Staff. Establish and maintain records of
Church properties and facilities.
5. Assist Property Board with Architect Contractors and others in build-
ing, remodeling and equipping church buildings.
6. Administer Church adopr policies and procedures concerning the use
of all Church properties and facilities.
7. Work with the Property and Congregational Boards in preparing an
Annual Budget of maintenance and equipment needs.
8. Supervise workers in the maintenance and repair of all physical proper-
tics. Establish and implement cleaning, painting, renovating schedules
including the grave yard and parking lots.
9. Supervise the operation of food services.
10.Supervise assigned office personnel.
11. Perform other duties as assigned by Pastor.

Applicant needs to possess ex elcnt verbal .uid wriuce communication and computer skills. Must
S be a team player and willing to work flexible schedule.
Please send Rcstume u ogetlcr wiih a covcing letter,
a statement ol'philosophyy and a .ecen photograpli to:
The liust Secretary
Ebenezer Methodist Churchi
PO. Box SS 6145
Nassau, Bahamas


approval for the Government's
proposal to rotate the bidding
on public works construction
contracts.
Mr Wrinkle explained that
this would mean that if a con-
tractor won a government con-
tract in the category they were
licensed and qualified for,


Behold the magic
Win a "Magic Minute" at any Royal Bank or RBC
FINCO AKM in New Providence or the Family Islands.
Enter RBC's "AbraCARDAbra" Client Card contest
between now and Noveinber 30th, 2007 and get a
chance to win up to $1500! The more you use your
card, the more chances you have to win!

Make long lines disappear!
All you need is an RBC Client Card. Make cash with-
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W*
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LONGER HOURS FROM
DEC 17TH DEC 24TH

DO YOU LOVE CHILDREN? ARE YOU
MATURE AND RELIABLE?

THE MALL AT MARATHON
NEEDS YOU!

APPLY IN PERSON AT
THE MALL OFFICE


OVERCOMING AN PREVNTING ME



The Bahamas Chamber of Commere invityou toattend the 3rd
Annual Crime Prention Seminar. Featured speakers indiude:


0 Mr. Dioniso D'A ilar, President, Bahamas Chambr of omrerce

0 Sen. Hon. Elma CampelI, Minister of State for Immipation

0 Dr. David Allen, Psrchiatrist

0 Mr.Carlos eId

0 Rev. C.B. Moss, Executive Director, Bahamas ApinstQime

0 Sir Burbn Hall, Chief Jusbceof theOSmlni i ofthe Bahami

0 Senior PoliceOfficials from the Royal BahamasPob Foi on
topics:

0 Robbery Prvfeftion,B EmployeeScreeningEand' r
SCrime Trends

0 NeihborhaodoandnBusiness Policing o

0 The Role and Responsibil of theAttmGenerff1ie

November 19, 2007

8:30am-4:00pm

Police Conference Centre, East Street Headquarters


.5


.. ..... ...


Government



'not pressing'



bonding for



$ 1m contracts










PAGE 6B, THURSDAY, NOVEMBER 15, 2007


THE TRIBUNE


No 'Oasis' in sight for resort creditors


Investments Board, Mr
Saunders said he did not
know what the FNM gov-
ernment's position was, and
whether they would help the
creditors achieve a satisfac-
tory resolution.
"We've contacted the
Government, and the Gov-
ernment is not saying what
the position is on the credi-
tors," Mr Saunders said. "I
want to know what the Gov-
ernment's position is. Are
they going to ignore all oth-
er creditors, or are they
going to assist in settling this
by getting the buyer and sell-
er to come to the table and


NOTICE

NOTICE is hereby given that MAXIM JASMIN of JENNY
STREET, NASSAU, BAHAMAS, is applying to the
Minister responsible for Nationality and Citizenship, for
registrationkiaturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed 'statement of the facts within twenty-eight
days from the 8th day of November, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas.


4
would yet be signifi-
hough, since as they
hed a lien'over the
y, they could effec-
prohibit Harcourt
king possession of
>rt properties.
udgments require
outstanding contri-
to the two pension
vhich provide retire-
enefits for all hotel
y employees, plus
and costs, be paid to
es' told The Tribune
owed pension con-
ns were vital to both
because even though
y not have been paid
alf of Royal Oasis
ees, the trustees for
nsion funds had tak-
lecision to pay bene-
hose eligible for them


FROM page one

newspaper's call, as did Kirk
Antoni of Cafferata & Co,
Harcourt's attorney.
Mr Saunders, who ran for
the FNM in the last election
as its candidate for Golden
Getes, said the former PLP
government had openly said
it would not approve the
Royal Oasis' sale until the
property's outstanding debts
were settled with the credi-
tors.
But despite writing to the
Prime Minister's Office, the
Ministry of Finance, Min-
istry of Tourism and the


NOTICE

Mrs. Carol D. Misi

(Munnings)


is pleased to-announce
,,,. the opening of her law chambers;,.,





COUNSEl AND ATTORN Y'A LAW
NOTARY PUBLIc-:'


Suite No. 7 Grosvenor Close
Grosvenor Close and Shirley Street
P.O. Box SS-5467
Nassau, Bahamas


Tel. 328-0396


even though the hotel had
been closed from September
2004 to the present.
The Bahamas Hotel Indus-
try Management Pension
Fund initially secured judg-
ments totalling $1.826 mil-
lion against the five Royal
Oasis companies that existed
when Driftwood (Freeport)
closed the resort owing more
than $22 million in total
debts.
The five companies were
Caribbean Utility Company,
Sunrise Property Ltd, which
traded as Crowne Plaza at
Royal Oasis, DVI Country
Club, trading as Vacation
Club at Bahamia, Holiday
Inn Sunspree at
Bahamia, and Bahamia Casi-
no Ltd.
When Driftwood
(Freeport) and the Royal


Oasis failed to pay the sums
ordered by the judgments,
the pension funds served
writs on them via the
Provost Marshall of
Freeport's Supreme Court,
even photographing the sign
that was attached to the
building announcing the
seizure of goods and prop-
erty to make good the
debts.
The liens mean the judg-
ments have to be settled
before Harcourt Develop-
ments can take'possession of
the Royal Oasis once the
deal with Lehman Brothers
is completed.
It is understood that Har-
court's position is that this
is matter for Lehman Broth-
ers to settle, and that it has
nothing to do with the buy-
er.


say this is what the position funds c
is going forward." cant, th
He added that he and his establish
client were not aware of the property
Lehman Brothers debenture tively
until an audit for examina- from ta
tion was conducted on the resc
Driftwood (Freeport's) The j
books. that all
Mr Saunders said: "They butions
simply have the debenture, funds, v
and as such Lehman have a ment be
preference over our judg- industry
ment. interest
"The judgment still exists, them.
and while the debenture may Sourc
take precedence over us in that the
terms of the.creditors, it tributio
should at least have driven funds, b
Lehman Brothers to come they ma
to the table with us on beh
before they sold it [the employ
resort]." both pe
The judgments secured by en the d
the hotel industry pension fits to th

FROM page one

foreign direct investment inflows, places
further south," Mr Kerr said. Nations such
as Barbados, he added, might also be get-
ting the benefit of tourists from Canada
and Europe.
The previous administration had said
there was some $18-$21 billion worth of
foreign direct investment in the pipeline to
flow into the Bahamas, and while the new
government was within its rights to "audit"
them, foreign direct investment inflows into
the Bahamas had only totalled about $376
million year-to-date.
Mr Kerr questioned whether foreign
direct investment inflows into the Bahamas
were "stuck in the pipeline".
"It's not how much is stuck in the
pipeline, it's how much you get out. Turn
the revenues on and let them flow," Mr
Kerr said.
The IMF's growth projections for 2008
were more rosy as far as the Bahamas was
concerned, pegging GDP expansion at 4
per cent, ahead of Barbados, Jamaica and
the ECCU states.
This nation's projected inflation rate of
2.6 per cent for 2007 was also among the


lowest for the sample of Caribbean coun-
tries looked at.
The IMF report also noted that the
Bahamas and other Caribbean governments
had focused on tax incentives and conces-
sions to attract foreign direct investment,
and suggested that this nation and others
would be better off focusing on improving
the quality of infrastructure and institutions
to perform this role.
The IMF said tax incentives had not pre-
vented the Caribbean's share of global for-
eign direct investment from stagnating,
although it had increased in absolute terms.
The smaller ECCU states were also the
largest recipients of foreign direct invest-
ment when measured against GDP.
"Foreign direct investment in the
Caribbean is sensitive to tax policy, but
only to a limited extent. Other factors such
as institutional quality, infrastructure devel-
opment, governance, openness and foreign
direct investment restrictions are at least
as important," the IMF said.



E ,,ui lricnJd. hIllde .i
I In1' i 11n i'oU I ur
ANN
ewicz .
z. .... ihru N.: 1
No0 24 Ibrh N.'1 3.


Fax. 328-1388


www.misiewiczlaw.com
E-mail: carol.misiewicz@ gmail.com


I'
ML


"Notably, foreign direct investment incen-
tives do not appear to have a significant
effect on foreign direct investment inflows
in a large developing country sample,
although they matter in a sample of just
Carib bean.countries."
The IMF warned that tariff incentives
could be costly, eroding the tax base, dis-
torting resource allocation, increasing the
administrative burden, and "creating oppor-
tunities for rent seeking".
As a result, the IMF suggested that
Caribbean nations "consider reducing the
scope of tax incentives", as focusing on
infrastructure and-institutions as opposed to
tax incentives could "on a net basis, improve
the prospects for attracting investment".
Mr Kerr said the Bahamas needed to be
"in a better negotiating position" when talk-
ing to foreign investors, making sure their
projects were real and that minimal tax
incentives were given up, because
otherwise "we end up supporting these pro-
jects".


AS T1J' DAS
cn -lr More btru ihI Inln rn.alonal Bazaar Jonoaion 'i

UAL CHRISTMAS SALE


lih,:n I- dlcOun ,%llI cominue ihru ihe month of December
iL eis I dicc,-- li


Meli.. c.ld ring
1j41,lJ .mnldcL 1
'j,.,IJ IhFrmn h


Li nr.c. EJ


g; from $50 Ladic- gold ring. fiom $32
Ir,.', $2'' Gold Handchfl,_ fOrm $3-;

om $ G11) Gold chains from $s35
J ro'r ..nd RjckN hcIp \,:.u nmikc ,Odr .elcwl:.Dn Fret UIlltTapifri
LAS TIENDAS ^ 7' t.
InltrD.ui,.al Bazaar Ba% 'm Tel 325-3333 I2'5'


KING'S
REAL ESTATE
King's Real Estate Company Limited is a Bahamian Real
Estate and Development Company. We are currently
looking for ,applicants for the below positions:

CIVIL ENGINEER

* Bachelor Degree or higher in the field of Civil
Engineering.
* 3-5 years experience in Civil Engineering and
Construction related fields.
* Registered with the Bahamas Professional Engineers'
Board.
* Experience in the design of Subdivisions, Roads,
Airports, Drainage and Water & Sewerage Systems.
* Ability to use engineering software such as Auto
CAD 2004.
* Proficient'in implementing site quality assurance
measures and overseeing site supervision.
* Hardworking and able to handle a numbe1fof projects
simultaneously.

REAL ESTATE AGENT

* 3 -5 years experience in the Real Estate Industry.
* Licensed with the Bahamas Real Estate Association.
' Motivated.

King's Real Estate is a team orientated company and
potential employees should be capable of adapting to
this philosophy.

All interested candidates should e-mail there resumes to:
kingsley@kingsrealty.com


The Bahamas GDP growth

among lowest in the region


BMTTAS PRESENTS
SATURDAY SITTING SERVICES
Hours 9am-6pmnAges 5 thru 13 Only $12.00 for the Day!
For more information please call 323-8280
New Facilities WILL take 25 males 25 females!
Sign up early Please pack lunch-Snacks on
Sale Huge FUN DAY!

"While U Shop they will Play"








A leading global, research-based pharmaceutical company
seeks qualified persons for the following position:

Medical Sales Representative
The medical rep will be responsible for promoting
pharmaceutical brands within the healthcare community in
The Bahamas.

Skills & Educational Requirements:
/ Bachelor's degree in medical science, allied health, or
business management
t Effective communication and presentation abilities
/ Proficiency in time management, planning and organizing
v Computer literate
/ Self-motivated team player
v Previous experience in pharmaceutical detailing would be
an asset

Candidates should possess a reliable motor vehicle, be willing
to travel to the family islands, to the U.S., and other foreign
countries.

Please send r6sumes by December 7th to:
Medical Rep
Lowe's Wholesale Drug Agencies
P.O. Box N-7504
Nassau, Bahamas
or FAX: 393-0440
We thank all applicants for their interest, however;
only short-listed candidates will be contacted.


Cacique International Ltd. with' over 9 years of
outstanding service in destination management and
event planning is expanding and is seeking suitable
candidates for the various positions for full time
employment:
Line Cooks
Executive Pastry Chef
Sales Coordinator
Executive Chef

Executive Chef and Executive Pastry Chef:
Requirements:
Applicants must possess a.minimum of 5 10 years in the
culinary/ Pastry field.
A Degree from a culinary institute will be a plus
5 years minimum supervisory or managerial experience
Certified Master Chef (In specialty area)
Ability to train others
Team player
Being able to work flexible hours a must
Computer literate

Line Cook/Pastry Cook
Requirements
2 years minimum in the culinary field
BHTC training a plus
Must be able to work shifts

Sales Executive- Food Art by Cacique International
Minimum of an Associates degree in business
Minimum 3 years experience in sales or customer relations
Computer literate
Remuneration:
Excellent benefits package inclusive of health
insurance.
Salary to commensurate with experience
Interested please should submit resumes to the
following addresses on or before November 16th 2007:

director of Human Resources
P.O. Box N-4941
Nassau, Bahamas
Or e-mail :jbeneby@caciqueintl.comrn
Fax: 242377-7720


Sa er'! ap
GOLF &. OCEAN CLUBS

Great Guana Cay, Abaco
The Bahamas

EMPLOYMENT OPPORTUNITY
You are invited to apply for the following position currently available.

Executive Chef

Key Responsibilities

V Establish culinary standard
V Create menus and recipes for high-end and casual dining to include
international and Bahamian cuisine
/ Maintain food safety standard
I Recruit and train culinary team
/ Manage and develop culinary team
/ Control food cost
V Determine market list and vendors
/ Design special events
Qualifications
/ Bachelor's degree in Culinary Arts or related subject; professional
certifications
/ Minimum ten (10) years experience at a five-star club, resort or restaurant
with at least three (3) years international or off-shore experience.
/ Must be innovative, demonstrate strong leadership and culinary skills,
must be able to train others and execute ideas and standards.

The successful candidate will have the opportunity to work in a growing and
dynamic organization and must be a self-starter, team player, work at the highest
standards of performance, and meet deadlines.

If you are progressive and prepared to advance your career, submit your resume
to the attention of the Director of HR & Training, sbowedbakersbavclub.com or
by fax at 242-367-0804.

"Becoming the Employer of Choice in The Bahamas!"


S1ou go 25'- d|i>counI
S.ou gol 20: d |'s;OUDt










THURSDAY, NOVEMBER 15, 2007, PAGE 7B


Fed opens up to public scrutiny


* By JEANNINE AVERSA
AP Economics Writer
WASHINGTON (AP) --
Federal Reserve Chairman Ben
Bernanke moved Wednesday
to break down even further the
aura of secrecy that historically
has enshrouded the institution
that sets interest rates, taking
steps to keep Main Street and
Wall Street more closely wired
to decisions that can make or
break lives and businesses.
In the job since February
2006, Bernanke said in his
announcement that the time has
come for the Fed to tell the
country four times a year not
twice what its projections are
for the health of the economy.
And when it gives that forecast,
it will say what it thinks the
business environment will be
for the following three years -
not two.
These forecasts a kind of
Fed report card to consumers
and businesses will state the
expected pace of economic
growth, the anticipated unem-
ployment rate and whatever
policymakers can divine about
inflation. However, the Fed also
will say expressly and in
unprecedented detail what
the thinking of the policymakers
was on a given issue and will
furnish more details about
whatever risks are in play.
Bernanke called the changes
an "important advance" in the
Fed's communications strategy.
The first expanded set of
reconfigured projections will be
released Tuesday at the same
time the Fed turns loose to the
public the minutes of the poli-


cymakers' October meeting.
The announcement marked
the biggest move yet by
Bernanke to put his imprint on
the Fed after succeeding the
venerable Chairman Alan
Greenspan. One Bernanke
mark given a punctuation
point Wednesday has been
his stated desire to make the
Fed a more open.institution.
Greenspan made progress on
that front in his 18 1/2 years,
but Bernanke has sought to kick
open the door even further, pro-
viding investors, businesses and
individuals with more insights
into the thinking of Fed policy-
makers.
Doing that, said Bernanke,
helps the Fed do its job keep-
ing the economy and inflation
on an even keel.
Improving the public's under-
standing of the Fed's objectives
and strategies reduces uncer-
tainty, allowing businesses and
people to make more informed
financial decisions, Bernanke
explained. If investors have a
better understanding of how
Fed policy is likely to respond
to incoming information, stock
prices and bond yields will tend
to respond to economic data in
ways that further the central
bank's objectives, he added.
"The changes will provide a
more timely insight into the
(Fed's) outlook, will help house-
holds and businesses better
understand and anticipate how
our policy decisions respond to
incoming information and will
enhance our accountability for
the decisions we make," the Fed
chief said in a speech to a con-
ference on monetary policy held


VACANCY





Applications are invited from suitably qualified
persons for appointment to the post of Assistant Sec-
retary II in the Audit Department of The Bahamas
Gaming Board.

Requiremnts for the position:-

* a Bachelor of Science Degree in Accounting,
* at least five(5) years of aduit experience,
* proficiency in Microsoft Office XP, with particular
emphasis on Excel and Access,
* good analytical skills,
* a knowledge of reconciliation, familiarity with the
Accounting and Interanl Controls Regulations,
* supervisory experience,
* ability to work under pressure to meet deadlines
* a good communication, writing and leadership
skills.
* at least ten (10) years gaming experience would be
a plus.

Salary will commersurate with qualifications and
expereince.

Please submit resume and copies of all academic
certificates to Manager, Administration & Personnel,
Bahamas Gaming Board, P.O. Box N-4565, Nassau,
Bahamas.


Deadline for submission should
Friday, November 23, 2007.


be no later than


A. G. Electric Company Ltd.
E Licensed Electrical Contractors. Sales and Service


is looking to hire an Electrical Salesperson.
Interested applicants should be high school
graduates, computer literate, personable,
reliable and possess a sound work ethic.
Previous experience an asset.


No telephone calls please.


Resumes should be faxed to:

242-393-3760


at the Cato Institute.
Fielding questions after his
speech, Bernanke stressed that
he is especially interested in get-
ting feedback from investors,
companies and members of the
public on the Fed's communi-
cations changes. "We'll consid-
er all suggestions as we go for-
ward," he said.
In 2008, the expanded pro-
jections will be published in the
minutes released after the Fed's
meeting on interest rates. The
forecasts will be included in the
minutes of the Fed meetings
scheduled for January, April,
June and October, Bernanke
said. The projections will con-
tinue to be described in the
Fed's twice a year economic
report to Congress, he said.
In his speech and in brief
remarks afterward, Bernanke
did not discuss the future course
of interest rates. The Fed in late
October sliced a key interest
rate to 4.50 percent. It marked
the second cut in six weeks to
help the economy survive the
strains of a severe housing
slump and a credit crunch. At
that meeting, Bernanke and his
colleagues hinted that those two
rates cut may be all that is need-
ed to keep the economic expan-
sion intact, although some
investors and economists are
still looking for another rate cut
at the next meeting, on Dec. 11.


At the time of Bernanke's
speech, a separate statement
outlining the changes was
released by the Federal Open
Market Committee, the Fed's
chief policymaking group.
As part of the Fed's effort to
provide more economic infor-
mation, policymakers will make
forecasts of both overall infla-
tion which affects and is
closely watched by consumers
- as well as "core" inflation,
which excludes food and energy
prices, Bernanke said. Adding a
projection on overall inflation,
which covers a wide variety of
goods and services, is especially
important to consumers as they
make financial decisions, pre-
pare household budgets and
plan for the future.
"Ultimately, households and
businesses care about the over-
all, or headline, rate of. infla-
tion," Bernanke said.
Greater insights into Fed pol-
icymakers' thinking also will be
revealed with the expanded
projections, Bernanke said.
"Accompanying the numeri-
cal projections will be a discus-
sion a projections narrative if
you will that summarizes par-
ticipants' views of the major
forces shaping the outlook, dis-
cusses the sources of risk to that
outlook and describes the dis-
persion of views among policy-
makers," he said.


Vacancy


Announcement

Blue Shark Golf Course is currently
accepting applications for the position of


EXECUTIVE CHEF/

RESTAURANT MANAGER


Applicants should have a minimum of an
Associate degree in Management and a
Chef Certificate from an accredited Culinary
Institute locally in the Bahamas or in the
USA or Canada along with 3 years expeeri-
ence as a Chef and Manager.

Specific experience with an upscale restau-
rant in cooking, menu preparations, devel-
opment and design for American, Canadian
and European tourists, the highest interna-
tional service standards, proper health and
cleanliness practices, meal presentation,
purchasing and stocking of products and
supplies. Knowledge of golf course res-
taurant service and food preparation is a
must. Leadership and supervisory skills are
required.

To apply call 424-6932



position

available

The Cove @ Atlantis Resorts
Registered Nurse Full Time

Responsibilities:
* Provide primary and minor emergency medical
care
*Administration of medication, oxygen,
intravenous fluids as indicated and outlined in the
clinical Protocol Manual
* Provide accurate and comprehensive medical
reports as required

Requirements:
* Holder of current Bahamian licence
* Must have at least three years experience post
graduation
* have current BLS & ALS Certification
* Must be responsible, have good communication
skills and independent.
TIlE
CV should be sent via MEDICIIN 1C
e-mail to mary.epcotmedical
(:@coralwave.com by
November 31st, 2007.


THE TRIBUNE


* Effectively communicate tihe needs and take the
lead in the direction of the after sales service centie
* Imnplemenct effective in\ entor\ controls that would
facilitate the timely reordering of watch parts and
components and maintain compliance \\ith Internal
Audit st idards.

'lb apply, please e-mail or fax your resume within a
cover letter to:

Watch Maker-Position in Nassau:
E-Mail: wcarey(t)littleswitzerla id.coim
Fax[ (242) 356-9860
Attn. illiamik Carec


4f


NOTICE
The following persons are asked to contact
CARIBBEAN WAREHOUSE &
STORAGE LTD.
in reference to items left in storage.

Carla Edwards
Jerome Nottage
Tieora Lavarity
Wilfred Kelly
Bahama Brides
Dahlia Turnquest

Contact our office by:
November 23rd, 2007

Tel. 325-7522




NOTICE

To: Ali Members of The Public Workers'
Co-operative Credit Union Limited


Dividend/Christmas

Savings Distributions



Dividend


Distribution


Surnames Dates

A-F November 19 November 23, 2007

N-Z November 26 November 30, 2007

G-M December 3 December 7, 2007


Thereafter, dividend cheques will be distributed
until January 25, 2008

Distril ution of Christmas Savings cheques
begins Monday DaeifiBr3,207










Little Switzerland is a company with over 50 years of
experience in luxury retailing with over 25 stores in The
Caribbean and Florida. If you want a career with prospects
and have what it takes to repair fine Swiss watches we
have an immediate an opening for the following position:

Watch Maker -Breitling Boutique/Nassau

This position is a key component of our operation
and our conunitment to exceed our customer's expectations
The successful candidate w-ill be a Certified Watcl Maker.
Must have completed factor training and certification bv
BREITLING. WOSTEP and or a compatible Swiss Watch
Brand or Association.


1. Attention to details and the ability to produce
high quality work in areas of follow up and direct
reporting.
2. Good working knowledge of Microsoft Office
applications, and emails.'
3. Strong communication skills and ability to work
well with colleagues.
4. Good oral and writing comprehension of the
English Language.


Maintaining a high quality. precise at'lcr sales
service for the repair of wiatehes
Perform limcly and consistent rcpaiis of watches in
accordance with established industry staindiards and
procedures"


L









THE TRIBUNE


PAGE 8B, THURSDAY, NOVEMBER 15, 2007


INVESTMENT OPPORTUNITY




NEW ROVIENC FRE__ R


LOT
OFF


No. 21B FRASER ALLOTMENT
SOLDIER ROAD Appraisal: $258,000.00
S The subject property
con-sisting of 8,400
square feet is
. ...... ":developed with a
split leveled home
with 1925 square
feet of floor area on
the ground floor, a
porch area of 437
square feet and
second floor area of
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.


SANDYPORT


Appraisal: $300,000.00


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


No. 17 WESTRIDGE ESTATES


Appraisal: $930,000.00


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

No. 43 JACARANDA ESTATES


SUBDIVISION


Appraisal: $1,193,464.20


S- All that lot of land having an
-:-- area of 12,149 square feet being
1 o #43 of Jacaranda Subdivision
in the Western District of the
Island of New Providence.
Located on the subject property
is a split leveled structure
Comprising approximately 6,513
S. square feet of living space with
a double car garage and a
S' basement. The residence
comprises five bedrooms, four
and a half bathrooms, study,
basement/bedroom, utility room,
recreation area, living, dining, family rooms and kitchen. The property has
an incomplete swimming pool. The residence is 88% complete.
Location: Take JFK Drive heading towards Lynden Pindling Airport, go
past airport to roundabout at Old Fort Bay area. Proceed towards Lyford
Cay, as you pass the roundabout, Subdivision will be on the left hand side
of the road. Proceed through the gate at the sign Jacaranda to the T-
junction, turn right and proceed around the bend. Subject will be on the
left hand side of the street.


357 WINTON MEADOWS


Appraisal: $203,391.20


All that lot of land having an
area of approximately 9,466
square feet,. being lot #357, of
' the subdivision known as Winton
a nW a Meadows in the Eastern District
of the Island of New Providence.
Located on the said property is a
seven-year-old single family
;residence of approximately
2,149.4 square feet of enclosed
living space with three
bedrooms, two and a half bathrooms, living and dining rooms and kitchen.
Directions: Travelling South on Fox Hill Road, turn East on Yamacraw Hill
Road, continue East to the fourth corner on the left (Winton Heights).
Take the first corner on the left, subject property is the third on the right,
painted light gray.



FAIRWAY MANOR CONDOMINIUM Appraisal: $73,000.00


i a-


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


LOT No. 20, BLOCK 1, UNIT 3
FORTUNE POINT SUBDIVISION


Appraisal: $38,000.00


All that lot of vacant land having an area of 12,650 sq. ft. being lot No.
20, Block 1 Unit 3 of the Subdivision known and designated as Fortune
Point Subdivision, Freeport, Grand Bahama. Duplex property zoning with
a rectangle shape.

LINCOLN GREEN, CANEBY CLOSE Appraisal: $38,500.00
Unit 5, Block 17, Lot #48 Single family residence, Clearwater Close.
Located on fresh watei canal. Approximately 17,404 sq. ft.


FAMIYSANDS


ABACO


Appraisal: $108,000.00


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


kitchen and laundry roor
attention.

EXUMA


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
sea level. Located on this


property is
old three
bathroom,


a twenty-year-
bedroom, two
living, dining,


n house. The structure requires much


Appraisal: $170,000.00


DUPLEX IN LOT 6625
BAHAMA SOUND No. 8, EAST, EXUMA


54~-


EXUMA


Trapezium shaped lot 35
ft. above sea level
comprising 10,000 sq. ft.
Situated thereon is a 10-
year-old single storey
duplex, 2 bed, 1 bath,
Kitchen, livingldining
area. and porch.
,(Building is in need of
repairs).
..... ..... ....


Appraisal: $673,075.00


CASTELRAG ESTATES, LOTS 129 & 130
EXUMA HARBOUR SUBDIVISION


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
A baths, with laundry and utility
Spaces and a two bedroom one
W bath guest cottage of 600
S square feet. The property is
fenced with white picket fencing and has a Gazebo at the highest portion
of the property.

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

Ctid on "Real Estate Mall"

Ci on Doorway

"Enter Online Store"

Forconitins f -sle.nd ny the inormtio


cotat


I


IhL.- ..








I 1nUInUM, IUVItMbIri 10 UUv/, I tH-N


THE TRIBUNE


IVSMNOTIT


Eleuthera Island Shores
.Subdivision LOT NO. 1,
BLOCK NO. 45,
ELEUTHERA ISLAND SHORES
SAll that piece parcel or lot of land having
S l. 6 .. ,- an area of 9,644 sq. ft. being lot #1 in
block 45, Section "E" in the subdivision
S'' called and known as Eleuthera Island
Shores Subdivision, situated in the vicinity
of Hatchet Bay Harbour, on the island of
Eleuthera, one of the islands of the
Commonwealth of The Bahams. This site encompasses a two storey building which is approximately
14 yrs old and is abandoned. There is a wooden landing approximately 7'-4" wide by 20'-0" on the
upper level, approximately 1,610 sq. ft. of enclosed living space, with 3-bedrooms, 2-bathrooms,
front room, dining room, den, kitchen, and utility room. The wooden porch on the upper level is
approximately 148sq. ft. There is also a water cistern under the dining room floor area. All utilities
and services available.
Appraisal: $151,007.00
This property is situated in Eleuthera Island Shores.


LOT NO. 2 MORIGOLD FARM
S" SUBDIVISION

All that lot of land having an area of approximately 5,638 sq. ft.
being lot No. 2 of the subdivision known as Marigold Farm
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.


LOT NO. 1 WESTERN SHORES

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


S.ai. ..' . -.
J|| ^^:- ''^^^H jffi6Mf - "
*@.r4 ^: -


Must Sell Lot No. 597
Gardens
All that lot of land having an area of 3,200 sq ft, being
lot 597 Melvern Road of the subdivision known as
Yellow Elder Gardens, the said subdivision is situated
in the southern district of New Providence Bahamas.
This property is comprised of a 26 yr old single family
residence consisting of approximately 1,510 sq. ft
of enclosed living space, with 3-bedrooms including
master bedroom, 2-bathrooms, living/dining room,
kitchen and utility room. The residence also consists
of a front porch and two patios.


The land is on a grade and level; however the site appears to be sufficiently elevated to disallow the possibility
of flooding during annual heavy rainy periods. The grounds are fairly kept, with improvements including
driveway and walkway. The yard is enclosed with chain linked fencing.
Appraisal: $133,395.00
Traveling west along Melvern Road from the sport center road, follow the road to the left. the subject
property is the 5th property left situated between Zris Court and Richie Court, painted White trimmed yellow.


__DUNDAS TOWN (ABACO)

S.. 3 two bed, 1 bath fourplex 9,000 sq. ft., lot no.
S 18b with an area for a small shop. Age 12 years
the land is a portion of one of the Dundas Town
S? Crown Allotment parcels stretching from Forest
Drive to Front Street, being just under a quarter
acre in size and on the lowside. A concrete
block structure, with asphalt shingle roof and
L-shape in design with a total length of 70x26
ft, plus 50 x 22 ft., 2,920 sq. ft., the interior
walls are concrete blocks, ceiling is sheet rock
and the floors of vinyl tiles.

Appraisal: $265,225.00


' 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 No. 20, Block 1 unit 3 Fortune Point Subdivision all that lot of vacant land having an area of 12,650 sq ft, being Lot No.20 block 1 unit 3 of the subdivision known and designated
as fortune point subdivision Freeport, Grand Bahama.. duplex property zoning with a rectangle shape.
Appraisal: $38,000.00


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.R headquarters, go about midways through to Wilson Street, go though the corner all the way to the dead
end..The property is located behind the chain linked fence at the back of the yard.


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


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

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

MUTTON FISH POINT NORTH ELEUTHERA
All that piece, parcel or tract of land containing 1 acre situated about two miles northwestward of the settlement of Gregory Town on the island of Eleuthera, one of the islands of the Commonwealth
of The Bahamas, and is bounded and abutting as follows:- Northwestwardly by the main Queens Highway and is running thereon for a distance of 125.462 feet northwestwardly by the land now
of formerly the property of Coridon Limited, and running thereon for a distance of 390.274 hundredth ft.; southwestwardly by a 30' wide road reservation and running thereon for a distance of 128.128
hundredth ft; southeastwardly by the land now or formerly the property of the Venor and running thereon for a distance of 322.955 hundredth ft. This property having an area of approximately
44,847.76 sq. ft. This neighbourhood is zoned commercial development and is quiet and peaceful with a topography of approximately 2 ft. with all utilities and services available.
APPRAISAL: $51,421.00
This lot is vacant land and is located in the area known as "Mutton Fish Point"

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




To ie popetis- o o:www stopn shopahma.com- C ick n .R. -Esat Mal"- lic0o dorwy -Ener nlneStoe






PAGE 10B, THURSDAY, NOVEMBER 15, 2007 THE TRIBAL


"Your Bahamian Supermarkets' LIBBY'S
WHOLE KERNEL
J S' J,." slCORN A

SUPER I SLICED


VALUE
NOW ACCEPTING
^4SUNCARD
The Bahamian Credit Card
QUALITY RIGHTS AND PRICES RESERVED


1I :


III 1 !- I


BEETS
15 oz.


Ai '- I


dk A


WESSON
VEGETABLE
OIL


bLS


IMueller's
rtT:'iiyi ihial


QUAKER QUICK
GRITS
5 lbs.


2/$


00


MARTINELLI
SPARKLING
CIDER
25.4 oz.


~1


Grandma, 12 oz.
Molasses.........$3.59
Shurflne, 16 oz.
,Cranberry Sauce...$1.39
Shurflne, 7.25 oz.
Macaroni &
Cheese.................2/990
atorade, 20 oz.......$1.29
Qatorade ic...)
Variety Pak............... $25.75


SLays, 8 oz. Chips.......$2.99
Dole, 146 oz.
Pineapple Juice......$2.09
Royal Dansk, 12 oz.
Cookies................$4.49


Ocean Spray, 16 oz
Cranberry Sauce... $1.99


SHURFINE
LEMON
JUICE
32 oz.


Bruce, 15 oz.
Cut Yams...............$1.39
Sunmald, 10 oz
Zante Currants..... $3.49,
Shurfino, 10 oz.
Red Cherries..........$2.69
Sunmald, 15 oz.
Raisins...................$3.59
""so.--------;----
Max Stars, 25 ft.
Foll........................$1.09
Dixie Crystal Dark Brown, 16 oz.
Sugar.........................990
Libby's, 15 oz.
Pumpkin Pie Mix...$1.89
Bluebird Orange, Apple,
Pink Grapefruit,
Fruit Punch, 11.5 oz.
Juices..................2/$1..39


PAR-EXCELLENCE
PARBOILED
RICE
5 lb.

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TURKEY
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'. REDIBASTED Consumer confidence


*^


JENNIE-0

TURKEYS

&
LARGE

HOLIDAY

HAMS
AVAILABLE AT
JPER VALUE STORE!


S FRESH

V GROUND

,TURKEY
per Ib


|69


ANISH *S COE




per lb

293

: -


CHEF CHOICE
NISH HEN
Twin Packs


I


holds back retail sales


* By MARTIN
CRUTSINGER
AP Economics Writer
WASHINGTON (AP) -
Retail sales managed a small
increase in October as con-
sumers struggled with falling
confidence caused by a steep
slump in housing and tighter
credit conditions.
The Commerce Department
reported Wednesday that retail
sales edged up 0.2 per cent in
October, compared to the pre-
vious month. It was the weak-
est showing since a 0.1 per cent
rise in August and represented
a significant slowdown from a
0.7 per cent jump in September
sales.
In a separate report, the
Labour Department said infla-
tion at the wholesale level rose
a slight 0.1 per cent in October,
far below the 1.1 per cent surge
in September. The improve-
ment reflected the fact that
energy prices fell by 0.8 per
cent last month after having
soared by 4.1 per cent in Sep-
tember. However, that benign
outcome is expected to be
short-lived, given that crude
oil costs have soared in recent
days, trading briefly above $98
per barrel last week.
Economic
In other economic news, the
government said that busi-
nesses increased their inven-
tories held on shelves and
backlots by 0.4 per cent in Sep-
tember, the largest gain since a
0.5 per cent rise in July. Inven-
tories had risen by a solid 0.3
per cent in August.
The inventory increase was
in line with expectations and
supported the view that
restocking bolstered economic
growth in the July-September
quarter. However, those gains
are expected to fade in com-
ing months if business confi-
dence falters in the face of
weaker consumer demand.


The inflation .report showed
that food costs continued to
surge in October, rising by one
per cent, after an even bigger
1.5 per cent September gain.
Core wholesale inflation,
which excludes food and ener-
gy, was well-contained last
month, showing no change
after a tiny 0.1 per cent gain
in September.
Weakness
The weakness in retail sales
last month reflected a 0.5 per
cent drop in sales at depart-
ment stores, where merchants
were hurt by a warner-than-
normal October which
depressed sales of winter cloth-
ing.
Retailers are facing bleak
prospects for Christmas with
consumer confidence plunging
in the face of soaring gasoline
prices, slumping home sales
and tougher lending standards
being imposed by financial
institutions in the wake of a
serious credit crunch.
Analysts attributed much of
the small October gain in retail
sales to higher prices for gaso-
line and food rather than an
actual increase in demand.
Ian Shepherdson, chief US
analyst at High Frequency
Economics, said core retail
sales have risen over the past
three months at the slowest
annualized rate in five years,
since the time the country was
struggling to emerge from the
last recession.
He predicted this weakness
would intensify.
"We expect a further deteri-
oration as consumers cut back
in the face of soaring gas
prices, falling stock prices and
the continued disaster in hous-
ing," Shepherdson said. "The
holiday season will be terri-
ble."
Consumer spending is close-
ly watched since it accounts for
two-thirds of total economic
activity. The overall economy


is expected to slow dramati-
cally in the current quarter and
the first three months of next
year, a period which many
economists see as the maxi-
mum danger period for a pos-
sible recession.
Analysts believe that over-
all economic growth will slow
to around 1.5 per cent at an
annual rate in the final three
months of this year, down from
a 3.9 per cent rise in the July-
September quarter, as the
housing slump continues to
exert a toll on the economy.
Federal Reserve Chairman
Ben Bernanke told the con-
gressional Joint Economic
Committee last week that the
Fed was looking for a signifi-
cant slowdown in coming
months due to a longer-than-
expected housing slump. But
he said economic growth
should rebound by mid-2008.
Rise
The small 0.1 per cent rise
in overall prices was better
than the 0.3 per cent gain that
economists had expected. The
government will report on con-
sumer inflation on Thursday
and the expectation is that the
report will show prices rising
by 0.3 per cent in October,
matching the September gain.
The 0.2 per cent rise in retail
sales in October was right in
line with expectations.
In addition to the big drop in
department store sales, sales
at furniture stores were down a
hefty 0.9 per cent after an even
bigger 1.3 per cent drop in Sep-
tember. Sales of furniture and
other housing-related items
have been severely hurt by the
slump in home sales.
Auto sales rose by 0.2 per
cent in October following a 1.8
per cent rise in September. But
analysts expect domestic
automakers to continue to bat-
tle with slumping demand
because of surging gasoline
prices.


F AFOj-


THURSDAY, NOVEMBER 15, 2007, PAGE 11B


,NE


THE TRIBUNE










THE TRIBUNE


PAGE 12B, THURSDAY, NOVEMBER 15, 2007


'No cause for alarm' on bank


substantial equity injection as a
means of the bank's survival. "That is where an equity injec-
That is to say the bank will be tion -or funding from the Gov-
restructuring its own lending and V rnment becomes important."
operational practices to ensure While the BDB would have to
it is employing the best and most adjust how it operated in terms
efficient techniques to deliver of internal expenditure controls
the best management practices, and its loan portfolio operations,
"With respect to the Govern- Mr Cash added: "Let's face it.
ment of the Bahamas, the sup- An important part of how the
port being looked for is noit nic bank got to where it is is that the
essarily to ensure the survival of bank has been too effective in
the bank, but proper funding of achieving its mandate.
projects the Government wants "Persons have chosen not to
to support repay loaps, and their businesses
Mr Cash added: "We., from the have not proven to be financial-
Board's perspective, fully undet- ly sustainable.
stand that there arn some inter- "The bank must take steps on
nal adjustments that can be made the front end of loan adminis-
to improve the bank's loan per- tration" to ensure Bahamian
formance. but as we look to the entrepreneurs, businesses and
future and how the bank can start-ups that received loans and
achieve its mandate, how can we financing from the BDB had all
have greater resources to lend the resources they needed to
to people who need it? make their ventures succeed.


These resources included man-
agement and accounting systems,
and access to external services
providers. In this way, the BDB
would "ensure the loans don't
become non-performing", Mr
Cash said.
At year-end 2006, some 42 per
cent or $23.341 million out of the
BDB's total loan portfolio of
$55.433 million was classified as
non-performing, with the
accounts providing for a $7.888
million allowance for loan losses.
Mr Cash, though, pointed out
that while this was "a huge n
umber", as a development bank,
the BDB was not like a com-
mercial bank, which was focused
on risk management and the pur-
suit of bottom line profits.
Instead, it was focused in what
would be regarded as a private
equity/venture capital field, lend-


ing to small businesses, start-ups
and entrepreneurs, a field that
was "inherently high risk".
Mr Cash said the auditors'
statement was "by no means
cause for alarm", adding: "The
Board will be taking steps to
ensure the bank is around for
the long-term to fulfill its man-
date, which will involve adjust-
ments in how we grant loans and
how do we manage loans once
they have been disbursed.....
"The flipside of every non-per-
forming loan is the realisation of
part of a dream of a Bahamian,
or group of Bahamians, to have a
shot at being business owners.
That is inherently positive for
the country. Our challenge at the
bank at the front end is to ensure
these businesses are sustainable."
Mr Cash said this did not
mean giving prospective bor-
rowers what they wanted, but


FROM page one


as 'going
instead required the BDB to
"challenge" them about the
future viability and sustainabili-
ty of their ventures, and whether
they had the management,
accounting and operational sys-
tems in place to give them the
best chance of success.
"One of the best kept secrets
about the Development Bank is
that it does a fairly good job in
ensuring collateral for loans, but
the reason it is a government
institution is that there is a bal-
ance that has to be met between
the bahk aggressively collecting
loans to satisfy outstanding
debts.
"The institution must have a
social conscience, but that
authority will be deployed, albeit
in a level-headed, responsible
manner, but we will not be
ashamed in exercising that
authority."


BAHAMAS DEVELOPMENT BANK
S. Cable Beach, West Bay Street,
P.O.Box N-3034
Nassau, Bahamas
I 'Tel:(242) 327-5780/327-5793-6
S^. Fax:(242) 327-5047, 327-1258
') -www.bahamasdevelopmentbank.com


PROPERTIES
o Vacantot#103 10. Lot # 119 (22, 500sq. ft)
(o'xl oo')- Garden w/single story complex
Hills #3. (Appraised (3,440sq. ft.)- Sir Henry
Value Morgan Dr. Andros
$35,000.00) Beach Colony Sub
2. .ot S338 ,60t< 9so ;, 4')
w hse i,735sq~l. .. Nicholls's Town Andros
Arawak Avc Py)lioms 11. Vacant lot 100'x150'
Addition (Appraised Pinders, Mangrove
Valueooo.oo) Cay South Andros
(Appraised Value
3. Lot #4B,Blk#1 $22,500.00)
(50'xl00') w/two storey Grand Bahama
4 units building- West 12. Vacant Lot #8 BIk #12
ofFamily St offSoldier Unit #3 (11,250sq. ft.)-
Rd (Appraised Value Henny Ave Derby Sub
$232,000.00) Freeport Grand Bahama
4. Lot #30 (60'xl00') (Appraised Value
w/duplex (1,686sq.ft.) $98,800.00)
Golden Gates Estate #1 13. Lot #15,Blk#15 Unit
(Appraised #3 (90'xl 25') Derby
$177,305.00) .Sub Freeport Grand
5. Lots #3 & #4 Bahama (Appraised
(50'x100'), 47Value $23,000.00)
(50x00'), I h14. Vacant lot #862 Section
w/duplex & shop #1 Freepot Ridge Sub
1,532sq, ft.-- Forbes St AI-Freeport Ridge Sub
Nassau Village Freeport Grand Bahama
(Appraised Value (Appraised Value
s120',000. yj''' '' $2-501.I
6. Lot 40 ,,36''.. ..' .. . ,-: .c .i u t12 & #13,.
(3.933sq.ft.)..lildin. -' Bik #13,-Unit #2-
(1,428sq.ft.)- Sutton Lincoln Green
Street & St. Bedes Lane Subdivision Lucaya
offKemp Road (Appraise Freeport Grand Bahama
Value $85,000.00) (Appraised Value
7. Lot#171 (100'xl00') 16$80,000.0 ot#Bk#70)
w!two storybuilding-16. Lot #8Blk#7
East St opposite (102'x125') w!hse
Deveaux St. 1,935sq.ft. Montrose
-... Ln Bahamia West


(Appraisea value
$300,000.00)
8. Lot #120 (7,773sq.ft.)
w/house (1,996sq,.ft.) -
Holly Court Blue Hill
Heights (Appraised
Value$ 150,000.00
Andros
9. Lot (4,344 sq.ft.)
w/duplex (1,174 sq. ft)
opposite Batelco Fresh
Creek, Cential'Andros.
(Appraised Value


Replat Subdivision
Freeport Grand Bahama
(Appraised Value
$180,000.00)
17. Ten (10) unit hotel
complex on 4.99 acres of
beach front- High
Rock, Freeport Grand
Bahama (Appraised
Value $1.1 million) -
18. Vacant lot #5, Blk#31,
Section B -Royal
Subdivision' Freeport
Grand jaliama
(.Appiraised Value
$31,000.00) ,


Electronic Eqttipment
(1) 1520 Epson Stylus Color Printer
(1) Whirl Microwave
(1)TecC ash Register
(1) Facial Machine
(1) Brothers Bla-ik & White Laser Printer
(1) Janome Motiograni/Embroidery Sewing Machine
(1) SylvaniaTower
Surveillance Camera Systert,
Machinery
(1) Four Burner Stove Electric
(1) Deli Showcase
(1) Chrome Juice Filler
(I) Multi Fruit Juicer
(I) Chrome Mixing Tank
(1) Capper Machine
(1) Quilting Sewing Machine
Vessels
53' Vessel (1977) Shabak
29' (1983) Vessel (Lady Rece)
45'(1992) Defender Vessel (Liminos)
48' North Carolina Hull (1989)
52' Halteras Fiber Glass (1979) MV Buddy
47' Fiber Glass (1980) Vessel (Miss Quality)
43' Defender Fiber Glass Vessel (1990) (Lady Raine Too)
120' Steel Hull Vessel (1978)
58' (1997) Steel Hull Vessel (Bayouside Child)
51' Defender (1981) Equility
122' Single Screw Steel Hull (1960) MV Lisa Ill,
vessel has a new engine requiring installation. And
can be view at Bradford Marine, Grand Bahmna


Abaco
19. Lot#54 D65'x 100' w/
triplex foundation-
Murphy Town Abaco
(Appraised Value
$27,034.00)
20. Lot #6 vacant 2 acres-
Fox Town Abaco
(Appraised Value
$40,000.00)
Eleuthera
21. Lot31'xlll'w/hse
Lord Street Taprum Bay
Eleuthera.
(Appraised Value
$45,000.00)
22. Vacant Lot #6
(14,555sq. ft.)-a half
mile Southward of
Tarpum Bay Eleuthera
(Appraised Value
$38,000.00)
Cat Island
23. Lot w/twelve(12) room
motel 1.39 acres-
Arthur's Town Cat
Island (Appraised
Value $1.3
Million Dollars)
24. One acre beach front
property w/cottage
900sq.ft.-Devil's
Point Cat Island

25. Lot #43 (9,000sq.ft.)
w/hse-Matthew Town
Inagua Russell Street
(Appraised Value
$120,000.00)


Tables
(1) Wood Table (Round)
(1) Marble Table (Rectangle)
Chair$
(1) Facial Bed
(I) Pedicure Set
(2) Pedicure Stools
(1) Ergonomic Task Chair
(3) Maroon Banquet Chairs
Cooler/Freezers
(1) Two Door Chest Freezer
(I) One Door Chest Freezer
(1) Double Door Refrigerator




Vehicles
(1) 03 Dodge Caravan
(1) 96 Ford Explorer
(1) 97 Dodge Stratus
(1) 01 Hyundai H-100 Bus
(1) 01 Kia Bus 12 Seater
(1) 02 Kitchen Trailer
(1) 03 Toyota Coaster (Exuma)


COOKING UTENSILS FORKS, SPOONS, POTS, PANS CUPS
DRY CLEANING EQUIPMENT


'1 he public is invited to submit Sealed bids marked "Tender" to Bahamas Development Bank, P.O. Box N-
3034, Nassau. Bahamas attention Finical Controller, faxed bids will not be accepted or telephone 327-
5780 for additional infonnation. Please note that all bids on the aforementioned properties and assets
should be received by or on November 19, 2007. The Bahamas Development Bank reserves the right to
reject any or all Affter. All assets. are sold as is.


concern"
Mr Cash said the Board had
given the BDB management a
mandate to focus on how it could
assist Family Island development
projects, including infrastructure
and land development. This and
some other specific areas were
of particular interest to the Gov-
ernment.
The BDB owes some $29 mil-
lion in long-term bonds to the
National Insurance Board (NIB),
and a further $4 million debt tc
British American Financial.
As a result of a 2001 decision
taken by the first Ingraham
administration, the BDB's lend-
ing rate will be between 1-2.5
per cent above Bahamiarn
Prime. 'I
The Government subsidises
the difference between thae
BDB's lending rate and its nor-
mal 5 per cent spread, amounting
to $384,530 in fiscal 2006.


IN THE MATTER OF SUISSE SECURITY BANK & TRUST LIMITED

(IN LIQUIDATION)

AND

IN THE MATTER OF THE BANKS & TRUST COMPANIES

REGULATIONS ACT, 2000

IN THE MATTER OF THE COMPANIES ACT 1992



.NOTICE TO CREDITORS


The creditors of the above-named Company are required, on or before 31st
January 2008 to send their names and addresses and particular of their
debts of claims, and the names and addresses of their attorneys (if any) to
Mr. Raymond L. Winder, the Official Liquidator of the said company at
2nd Terrace West, Centreville, P.O. Box N 7120, Nassau, Bahamas. The
creditors may be required by notice in writing from the said Official Liq-
uidator, by their Attorney or personally, to come in and prove their said
debts or claims at the office of the Official Liquidator at such time as shall
be specified in such notice. If in default thereof they will be excluded
from the benefit of any distribution made before such debts are proved.



Raymond L. Winder
Official Liquidator


BUSINESS











T TRBUEUHUSY


Chinese consumer




prices surge again


I By KEITH BRADSHER
c.2007 New York Times
News Service
GUANGZHOU, China -
Consumer prices unexpected-
ly surged again last month in
China despite price controls
on a wide range of industries,
with the prospect of even
higher inflation this month.
For years, flat or falling
prices for Chinese goods
helped restrain inflation in
the United States. But now
rising costs for American
imports from China are com-
plicating the tasi of the Fed-
eral Reserve. The Fed has
been cutting interest rates to
ielp weak housing and credit
markets in the United States,
)ut has been wary that low
rates might permit inflation
ro creep back into the econo-
Py.
, Prices were 6.5 percent
higher in October than a year
earlier, accelerating from 6.2
percent in September, Chi-
ita's statistical agency
announced Tuesday. The
IOctober inflation rate
matched an increase of 6.5
percent in August, China's
highest inflation rate in near-
Iy 11 years.
, Rising prices are an espe-
cially dangerous problem for
China, where public accep-
,tance of one-party rule
depends to a considerable
,extent on ever-rising prosper-
ity. With food prices increas-
ing the fastest they were
up 17.6 percent in October
from a year earlier many
poor and working-class fami-
es are struggling to make
ends meet.
I Before dawn last Saturday,
people began lining up for a
'sale at a Carrefour store in
Chongqing that offered a dis-
bount on large jugs of cook-
ing oil, an essential for a.lot -
of Chinese cooking. When
the doors opened, a stam-,
pede ensued, killing three ,'
people .and injuring 31. Chi-
ba's commerce ministry
responded Monday by order-
Ing a ban on limited-time
sales promotions.
China's leaders are clearly
concerned. Prime Minister
Ven Jiabao visited the needy
in a district of Beijing on


Monday and promised to sta-
bilize prices, according to the
official news agency Xinhia.
"Prices have been on the
rise these days, and I'm
aware that even a one-yuan
increase in prices will affect
people's lives," said Wen,
referring to a sum of Chinese
currency equal to about 13
cents.
Inflation accelerated in
October even though the
government issued a ban on
Sept. 19 on all price increases
for a long list of regulated
industries, from airlines to
electric utilities to energy
companies. The main culprit
in October was rising food
prices, while non-food prices
climbed just 1.1 percent.
Prices
But prices will probably go
considerably higher in
November. The price con-
trols prevented refiners from
passing on high world crude
oil prices in October, so
many refiners cut back their
output of gasoline and diesel,
resulting in long lines at ser-
vice stations. The govern-
ment quickly gave in,
announcing an increase of
nearly 10 percent in the regu-
lated price of gasoline and
diesel that took effect on
Nov. 1.
Truckers at a rest stop here
in Guangzhou in southeast-
ern China said that the price
hike had not been enough to
erase the shortages, and that
they were still being forced to
wait hours to buy as little as 5
gallons of diesel.
Not only energy prices may
be higher in November. Wen
also urged employers on
Monday to be more generous
in giving raises to employees
and to be especially careful to
follow, minimum wagelaws,...
If his appeals are heeded,
that could push up manufac-
turing w ages iand pries.
At a market early Tuesday
afternoon in Shenzhen in
southeastern China, clerks
and customers complained
about rising prices for every-
thing from pork to Chinese
cabbage although egg
prices had fallen slightly in
the last month.


But prices remain low in
dollar terms, with some veg-
etables selling for as little as
12 cents a pound.
That low price in.dollar
terms ,is a result of a very low
exchange rate for China's
currency, known as the yuan
or renminbi.
China's central bank has
been buying foreign curren-
cy, mainly dollars, at a pace
of $1 billion a day to slow the
rise of its currency.
American companies buy-
ing from China face a double
whammy: not only are prices
rising in terms of China's cur-
rency, the yuan, but China
has also quietly begun allow-
ing the yuan to rise at a faster
pace against the dollar.
The annualized pace of
appreciation of the yuan has
climbed to 6 percent in the
last week.
This will make it a little
cheaper in yuan terms for
Chinese companies to import
raw materials, which tend to
be priced in dollars. But it is
still slower than many mem-
bers of Congress have sought.
China's competitiveness
has not diminished yet,
either. On Monday, China
posted another record
monthly trade surplus: $27
billion in October.
China now exports more to
the European Union than the
United States, and exports to
Europe have been growing
strongly. The yuan has actu-
ally been losing value against
the euro because China has
set the appreciation rate of
the yuan in terms of the dol-
lar, which has been falling
steeply.
Many manufacturers, as
well as retailers of manufac-
tured goods, have not yet
raised prices, hoping to hold
on to market share even as
China's.production capacity
keeps growing.
Pan Xishen, a business
development manager at
Tayohya, a home decoration
chain with 370 franchised
stores across China, said the
company had resisted raising
prices even though raw mate-
rial costs had climbed 5 to 8
percent in the last year.
"It's reducing the margin"
of profits, he said at the
Global Sources Franchising
China trade show here in
Guangzhou in southeastern
China on Tuesday afternoon.
"We're controlling the price
to the consumer."


U
0


9


i3 .;
" I


Join the leading Conservation
Organization in the Country as
BOOKKEEPER

ROLE RESPONSIBILITIES
Accounts Receivables
* Process daily cash sales and payments
* Process daily bank deposits
* Process credit card transactions

Accounts Payables
* Prepare payment requisition for vendor payments
* Enter data and maintain accounts payable files ard records on a
daily basis
* Verify receipt of materials or services and match to invoices
* Process payments and distribute checks according to established
procedures
* Contact all vendors for payment collection mail or pickup
* Maintain historical records for all accounts payable transactions
on a weekly basis
* Prepare local and foreign payments

Other
* Deliver utility payments
* May be required to perform other duties

KNOWLEDGE/SKILLS REQUIRED
* An Associate Degree in Accounting, Business Administration
or Related fields
* Minimum of 5 years experience in Accounting or Finance
* Sound knowledge of accounting and related administrative
practice
,, Basic knowledge and'imiderstanding of accounting systems
"*. Ability to idehtiypotential risk issues and solutions and to
coinmunicate these effectively to the Finance Manager
* Strong PC skills
* Strong analytical and problem-solving skills
* Ability to maintain moderately complex and automated accounting
records in an orderly and accurate manner
* Ability to generate reports in excel with minimum direction

Applications must include cover letter, resume,
and'three letters of reference.
Applications should be mailed to
Bahamas National.Trust, Human Resources Manager,
P.O. Box N 4105, Nassau, Bahamas
Deadline: November 30,2007.


By DAVID ROYSE
i Associated Press Writer
TALLAHASSEE, Fla. (AP)
-- Las Vegas-style slots would
,e allowed at Indian casinos
nd the state would get more
ghan $100 million a year under
Pa deal with the Seminole Tribe
that Florida was expected to
announce Wednesday.
The state has been negoti-
fting with the tribe with a
,deadline of Thursday for an
agreement on what types of
gambling the casinos would
pffer and a plan for the state to
*get some of the revenue.
The basic elements of the
(agreement would allow black-
fack and baccarat as well as
as Vegas-style slots in the
Hard Rock casinos in Broward
County and Tampa and other
rites, but no craps or roulette,
Said Seminole Tribe lawyer
arry Richard. The compact
would allow a minimum guar-
iantee of $100 million a year
for the state with the possibili-
,ty of more based on gambling
,revenue, Richard said.
Richard said the compact
hadn't been signed yet
,Wednesday morning and


that he wouldn't comment on
when it might be. But with the
deadline looming Thursday
and Crist scheduling a news
conference for a "major
announcement," it was wide-
ly expected that the negotia-
tions were nearing completion.
The U.S. Department of
Interior had set a deadline of
Thursday for Crist to finish
negotiations with the tribe on
the issue.
The tribe would get the
exclusive right to run casino
games at their facilities under
the agreement, which is expect-
ed to be for 25 years.
The deal is complicated by
opposition in the Legislature.
House Speaker Marco
Rubio, R-West Miami, has said
that the plan can't be finalized
without legislative approval,
and that the House might sue
to block it if it doesn't get a
say. Several members of the
House oppose expanding gam-
bling in Florida.
Meeting with reporters
briefly before and after a Cab-
inet meeting early Wednesday,
Crist didn't confirm the deal
and declined to comment on
negotiations in any detail.


JOB OPPORTUNITY FOR A

FINANCIAL CONTROLLER

An established Bahamian Company is seeking a Financial Controller.

Qualifications for the position are:
* Bachelor's Degree or equivalent in Accounting or applied finance
from an accredited and reputable university.
* Certified Public Account
* 3-5 year Audit experience
* Proficiency in Accounting Software such as QuickBooks or Peachtree
* Experience in preparing IFRS compliant financial statements
* The individual will be responsible for directing the overall financial
plans and accounting practices of the organization.

Interested persons should send resumes to:
P.O. Box CB-12707
Nassau, Bahamas


Job Description:

A Family Island Resort Marina seeks a General Manager with a strong background in hospitality,
real estate development, property management and construction management services. The successful
candidate must have a solid track record of success and growth. The successful applicant should:

* Create and execute project work plans as appropriate to meet changing needs and requirements.
* Identify resources needed and assigns individual responsibilities.
* Manage day-to-day operational aspects of the Marina Project
* Effectively applies our methodology and enforces project standards.
* Prepare for reviews and quality assurance procedures,
* Project Accounting
* Determine appropriate revenue recognition, ensures timely and accurate invoicing, and monitors
receivables for the Marina.
* Forecast basic revenue models, P/L, and cost-to-completion projections and makes decisions
accordingly.

Requirements:

* A management and/or hospitality-related college degree
* 10+ years of progressive experience in hospitality, operations and development
* An entrepreneurial spirit and a,willingness to roll up your sleeves and do what it takes to get the
job done
* Strong knowledge of construction management and cost control policies and procedures
* Solid communication and interpersonal skills, ability to get along with people at all levels of the
organization

We offer an excellent compensation package with benefits.
For a confidential interview, please submit your'resume to islanddevelopmentl@yahoo.com.


NOTICE
NOTICE is hereby given that RONALD GUSTAVE of
MIAMI STREET, NASSAU, BAHAMAS, is applying to the
Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 15th day of November, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147,
Nassau, Bahamas.


THURSDAY, NOVEMBER 15, 2007, PAGE 13B


Florida gaming

40 0
deal anticipated


THE TRIBUNE











PAGE 14B, THURSDAY, NOVEMBER 15, 2007 THE TRIBUNE
GN-613





GOVERNMENT NOTICE



Ministry of Health & Social Development


Department of Environmental Health Services
i^~fig gBIP^ II-___


OVERVIEW OF DEHS ZONE INITIATIVE


The zone initiative is quite simply a district assignment that identifies persons

within each zone. It at present identified the grounds and beautification and

Health Inspectorate staff.



New Providence has been divided into eight (8) zones. Each zone has specific

grounds and beautification zone manager and a team, as well as Health

Inspectors with specific functions. The zones are identified by numbers namely

one (1) thru eight (8). They are outlined in as per the tables and map.



WHAT IMPROVEMENTSIADDITIONS ARE ANTICIPATED?



The DEHS expects that with the acquisition of some ten (10) new garbage

collection vehicles, that vehicles will be clustered so as to allow specific day

scheduling of all zones. This would allow collection of all communities in a zone

on a specific day;



The DEHS will expand the program to include vector control. The vector control

unit will not be assigned specific zones at this time, as we are about to launch a

rodent eradication program that demands concentrated manpower;


The acquisition of additional resources through upcoming budget allocation in

order to improve efficiency;


A dedicated beautification unit responsible fore creating green spaces will be

added during the next budget cycle,




WHAT ARE THE OBJECTIVES OF THIS INITIATIVE?



To immediately identify all obvious nuisances related to poor garbage storage,

non-collection, unkempt roadways, verges, parks and medians, littering, illegal

dumping, derelict vehicles, overgrown abutments, and unsanitary commercial

and residential properties.



To identify nuisances which adversely affect the aesthetics of the zones;


To provide immediate attention to the rectification of all nuisances by providing

the necessary services, legal action or referral to the appropriate authorities;


To. Provide a sustained high level of environmental maintenance in all zones by

regular scheduled cleaning and landscaping services;



To provide sustained environmental education and enforcement through the

actions of the health inspectorate;


To affect a significant decrease in the number of environmental nuisances within

each zone and thus improve the quality of life for all community members;


GROUNDS & GENERAL CERTIFICATE OF LICENSING URBAN RENEWAL
AREA f BOUNDARY BEAUTIFICATION SANITATIONS & SANITATION
ZONE MANAGERS COMPLAINTS

AREA 1
EAST The Sea Kimsley Ferguson Tino Lightbourne Sandra Knowles Lawrence Burrows
WEST Fox Hill Road
NORTH The Sea
SOUTH The Sea

AREA 2
EAST Fox Hill Road Denver Hanna Kendrick Johnson Sandra Knowles Lawrence Burrows Colamae Gardiner
WEST East Street Pinewood Gardens
Nassau Village
Bernard &
NORTH Village Rds

SOUTH The. Sea

AREA 3
EAST Fox Hill Road George Sweeting Kendrick Johnson Sabrina Fowler Lawrence Burrows KipKeno Wright
WEST Eastern Road
NORTH The Sea
SOUTH The Sea

AREA 4
EAST Soldier Road Peter Sweeting Christine Dean Monique Sargent Lawrence Burrows Osbourne Knowles
WEST East Street
NORTH Wulff Road
SOUTH Soldier Road



AREA 5
EAST East Street Hilton Solomon Oneil Missick Monique Sargent Kelvin Taylor Sharabelle Dean
Fort Charlotte
WEST The Sea Bains & Grants,
Town
NORTH The Sea

SOUTH Poincianna Ave.
Thompson Blvd &
J.F.K. Drive

AREA 6
EAST East St Esley Burrows Jan Mortimer Sabrina Fowler Kelvin Taylor
WEST Blue Hill Rd
NORTH Wulff Rd
SOUTH Soldier Rd

AREA 7
EAST Blue Hill Rd Rayford Rigby Clinton Brennen Sandra Knowles Kelvin' Taylor
WEST The Sea
Thompson Blvd,
NORTH JFK Drive
SOUTH Carmichael/Adel
aide Rd
AREA 8
EAST Blue Hill Rd Anthony Ingraham Margo Thompson Monique Sargent Kelvin Taylor
WEST The sea
NORTH Carmichael/Adel
SOUTH The sea

III H IIIII7l m l










THE TRIBUNE


THURSDAY, NdVEMBER 15, 2007, PAGE 15B "


DEPARTMENT OF ENVIRONMENTAL HEALTH SERVICES


.NEW PROVIDENCE ZONING INITIATIVE


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PAGE 16B, THURSDAY, NOVEMBER 15, 2007


THE TRIBUNE


GN-612






GOVERNMENT NOTICE



Ministry Of Maritime Affairs And Labour





PORT DEPARTMENT


Notice of Sitting for New Providence Port Authority Board
To consider Application For Licence Under The Boat Registration
Act Chapter (277)

Notice is hereby given that a meeting of the New Providence Port Authority Board
for New Providence and the Family Islands will be held at the Port Administration
Building, Prince George Wharf on the 29th November, 2007at 3:00pm for the
purpose of granting Licences under The Boat Registration Act Chapter (277)

Any person entitled to.and wishing to object to any application should do so at
least six (6) days before the date of the hearing by submitting his/her objections in
writing to the Board and to the applicant.

Persons attending the meeting on behalf of an applicant must produce written
authorization at the meeting.

Applicants for renewals are not required to attend, unless they have received
written notification from -the New Providence Port Authority.

The under mentioned persons have applied for grant of licences as specified below:



NEW BOAT LICENCE NEW PROVIDENCE


REG. NO APPLICANT

NB/147/07 Dames Neil P.
P.O. Box N-261
Nassau, Bahamas

NB/148/07 Pratt Theron .
P.O. Box SS-5693
Nassau, Bahamas


BOAT NAME CLASS PASS

"Hydra- Terra" B 49
40ft
Fibreglass

"Hot Pursuit" A 8
30ft
Center Console


USE

Charter



Charter


NEW MASTER'S LICENCE -NEW PROVIDENCE


NAME

Cartwright Fabian V
P.O. Box N-4856
Nassau, Bahamas

Gilbert Jaurez J.
P.O. Box N-476
Nassau, Bahamas

Virgil CleeJ. J
P.O. Box CB-13137
Nassau, Bahamas


CLASS

A



B




B


RENEWAL COMMERCIAL PERSONAL WATER CRAFT (JET-SKI


REG NO

NP: 818 BSC



NP: 820 BSC



NP: 817 BSC



NP: 806 BSC



NP: 745 RCB



NP: 744



NP: 743



NP: 116 ATE



NP: 622 ATW



NP: 121 ATE





NP: 127 ATE


APPLICATION

Johnson Watersports
P.O. Box SB-50115
Nassau, Bahamas

Johnson Watersports
P.O. Box SB-50115
Nassau, Bahamas

Johnson Watersports
P.O. Box SB-50115
Nassau, Bahamas

Johnson'Watersports
P.O. Box SB-50115
Nassau, Bahamas

Lewis Sean
Nassau, Bahamas


Lewis Sean
Nassau, Bahamas


Lewis Sean
Nassau, Bahamas


Mark Edwin J
Nassau, Bahamas


Sears Alexys
Nassau, Bahamas


Sweeting Shamane
P.O. Box Gt-2450
Nassau, Bahamas



Sweeting Shamane
P.O. Box GT-2450
Nassau, Bahamas


BOAT NAME

"No Name"
9ft
Jet Ski

"No Name
9ft
Jet Ski

"No Name
9ft
Jet Ski

"No Name
9ft
Jet Ski

"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski

"No Name"
9ft
Jet Ski.

"No Name
9ft
Jet Ski

"No Name
9ft
Jet Ski



"No Name
9ft
Jet Ski


CLASS


PASS USE


Rental



Rental



Rental



Rental



Rental



Rental



Rental



Rental



Rental



Rental





Rental


RENEWAL BOAT LICENCE-NEW PROVIDENCE


REG NO APPLICATION

NP: 6784 Big Conch Limited
P.O. Box CR-55415
Nassau, Bahamas


BOAT NAME

"Big Conch"
26ft
Steel Hull


CLASS PASS USE


Barge


REG NO APPLICATION

NP: 6782 Big Crab Limited
P.O. Box CR- 55415
Nassau, Bahamas

NP: 6785 Big Scoop Limited
P.O. Box CR-55415
Nassau, Bahamas

NP: 6783 Big Snapper Limited
P.O. Box CR-55415
Nassau, Bahamas

NP: 6631 Blue Hole
Watersports
P.O. Box CR-55886
Nassau, Bahamas

NP: 3243 Custom Aquatics
Limited
P.O. Box CB-12730
Nassau, Bahamas

NP: 6628 Custom Aquatics
Limited
P.O. Box CB-12730
Nassau, Bahamas

NP: 6404 Dean Earnest R.
P.O. Box EE-17318
Nassau, Bahamas

NP: 2255 Eldon Enterprise Co
Ltd
Nassau, Bahamas


NP: 6330 Hunt William
P.O. Box SB-1753
Nassau, Bahamas

NP: 6632 Michelle Towing
Service
P.O. Box N-3709
Nassau, Bahamas

NP: 448 Michelle Towing
Service
P.O. Box N-3709
Nassau, Bahamas


BOAT NAME

"Big Crab"
79ft
Steel Hull

"Big Scoop"
180ft
Steel Hull

"Big Snapper"
79ft
Steel Hull

"Annie Alyssa"
22ft
Boston Whaler


"Boomer"
28ft
Center Console


"Gray Dawn"
40ft
Fibreglass


"M/V Legacy"
160ft
Steel Hull

"M/V Current
Pride
77ft
Trawler

"Hi Life"
45ft
Fibreglass

'Tiki"
58ft
Steel Hull


"Rosa r'
65ft
Steel Hull


CLASS PASS USE


0 Tug Boat



0 Barge


Tug Boat


0 Rental


Charter




Charter


50 MailBoat



45 Mail Boat




8 Charter


Tug Boat


0 Tug Boat


RENEWAL OF MASTER'S LICENCE -FAMILY ISLAND


LICENCE #

1035


7244


1119


7441


6467


8235


LICENCE


NAME

Brown Troy
Rock SoundElethera

Darville Joseph R.
Berry Island, Bahamas

Darville Percy
Berry Island, Bahamas

Edgecombe Anthony
Treasure Cay, Abaco

Eldon Gerald
Current Eleuthera, Bahamas

Nelly Bruce P.
Current Eleuthera, Bahamas


NAME


Barnett Robert
P.O. Box NP-2141
Nassau, Bahamas

Burrows Carroll
Nassau, Bahamas

Bain Leroy H
P.O. Box N-8175
Nassau, Bahamas

Cartwright Jason V.A
P.O Box N-813
Nassau, Bahamas

Clarke Kelvin
P.O. Box N-5693
Nassau, Bahamas

Davis Ezra
Nassau, Bahamas

Doyle Frances
P.O. Box CB-12730
Nassau, Bahamas

Doyle Edward L
P.O. CB-12730
Nassau, 'Bahamas


Hart Louis A.
P.O. Box N-9707
Nassau, Bahamas

Johnson Bircel
P.O. Box SB-50115
Nassau, Bahamas


8330



6112


7098



6123


7180



6190


5056



6697


6192


RENEWAL BOAT LICENCE-NEW PROVIDENCE


LICENCE #


NB/60/07



NB/61/07




NB/62/07


CLASS

A


A


A


A


A


A


RENEWAL MASTER'S LICENCE- NEW PROVIDENCE


CLASS

B



A


A



A



A



A


A



A


I












TUA V5 P


RENEWAL MASTER'S LICENCE- NEW PROVIDENCE
A'
LICENCE NAME CLASS

7905 Johnson Brent T. A
P.O. Box F-43903
Nassau, Bahamas

7111 Knowles Thomas
P.O. Box SS-6554 A
Nassau, Bahamas

7764 Lightbourne Barry M. A
P.O. Box CB-12291
Nassau, Bahamas

Lightbourne Andre A.
7351 P.O. Box SS- 6862 A
Nassau, Bahamas

7230 Moxey Lynden P. A
P.O. Box CR-55506
Nassau, Bahamas

8200 Morley Cyril E A
P.O. Box N-8175
Nassau, Bahamas

6852 Maycock Etienne A
Nassau, Bahamas

8250 Newbold Torino M B
P.O. Box CB-13288,
Nassau, Bahamas

6862 Rolle Patrick B
P.O. Box SS-19523
Nassau, Bahamas

8048 Rolle Garnet G.Jr. A
P.O. Box N-3709
Nassau, Bahamas

7011 Smith Brian L. B
P.O. Box N-781
Nassau, Bahamas

6461 Tumquest Michael B
P.O. Box EE- 5685
Nassau, B0 m



Ca t Anthony J. Aliens
ort Controller




GN611


PUBLIC NOTICE
MINISTRY OF PUBLIC WOQRIKSAND TRANSPORT

PARADISE ISLAND BRIDGES INSPECTION AND REPAIRS PROJECT

INVITATION FROM QUALIFIED CONSULTING\ ENGINEERING FIRMS


The Government of The Bahamas, through the Ministry of Public Works &
Transport, is requesting proposals from qualified Consulting Engineering
firms to provide Planning, Design, Engineering and Construction Management
Services for the inspection and subsequent repairs of the East and West Bridges
to Paradise Island.

It is intended that the investment of the Government in these bridges be secured
for their design life and beyond through these and other inspection and repair
works, thereby ensuring that the tourism product and development on Paradise
Island continue to enhance the nation's economy.

The Ministry of Public Works & Transport now invites interested Con-
sultants, both local and international, to collect, for a non-refund-
able fee of B$50.00 (US$50.00). the Request for Proposal (RFP)
Documents and to complete and submit same in accordance with the
instructions therein.

RFP documents may be obtained by interested parties as of Monday, 5th
November, 2007 between the hours of 10:00am and 4:00pm Mondays to
Friday from:

The Civil Engineering Section
1st floor East Wing,
Ministry of Public Works and Transport,
John F. Kennedy Drive
P.O. Box N-8156
Nassau, Bahamas
Telephone: (242) 322 4830 Ext.4042.
Fax: (242) 302 9770
Email:melanieroach @ bahamas.gov.bs

upon evidence of the payment of the requisite fee. (Please note that payment may
be in form of cash, or certified check, or bank draft or money made payable to
The Public Treasury of the Bahamas.)

The original and three (3) copies of the completed proposal must be placed
in a sealed envelope clearly marked "RFP 2007 Paradise Island Bridges
Inspection and Repairs," and deposited in the Tender Box at the Ministry of
Finance, Sir Cecil Wallace-Whitifield Center, West Bay St, Nassau, The
Bahamas no later than 10:00am on or before Tuesday, December 11, 2007.
Applicants will be notified of the results after the submission of the documents
and evaluation.


Signed: Creswell Sturrup
Permanent Secretary
Ministry of Public Works & Transport





TO ADVERTISE IN THE CLASSIFIED

CALL 502-2351


FROM page one


cult as possible for crimes to be committed against
their business, customers and employees.
He added that businesses could not rely on the
court system to prosecute persons and deter them
from committing crimes.
Crime prevention tactics will be discussed at
the upcoming seminar held in conjunction with
the Royal Bahamas Police Force and Crime Stop-
pers Bahamas. It is intended to inform the busi-
ness community about the many ways to be
proactive and learn certain measures they can
set in place to deter criminal activity from their
establishments.


Electronic payment
The seminar will be held at the Conference
Centre at police headquarters on East Street
from 8.30 am to 4pm on November 19. During the
morning session the 'Root Causes and Analysis of
Crime' will be discussed by psychiatrist Dr David
Allen, community activist Carlos Reid, and Rev
C B Moss of the Bahamas Christian Council.
A panel discussion on 'Crime Analysis, Vic-
tim's Rights and Solutions' is scheduled for 10.45
am. During the afternoon session at 2 pm, 'Busi-
ness Executive and Employee Protection Against
Violence' will be discussed.


GN 610






MINISTRY OF FINANCE
TREASURY DEPARTMENT
PUBLIC NOTICE REMINDER

The Treasurer of the Commonwealth of The Bahamas advises all pensioners,
Parliamentary, Judicial, Official, World War 1 Veterans & Widows, Bahamas Widows'
& Orphans' and Re-employed, whose pension payments are paid directly into their bank
accounts and who have not yet verified during the July, 2007 verification exercise, to do so
without delay.
Failure to present oneself or the appropriate Life and Payment Certificate for verification,
will result in the disruption of December 2007 bank payments and thereafter until verified.
Pensioners submitting Life and Payment certificates as verification must ensure that the
certificate is duly signed by one of the persons designated and that the signed date falls
within the mentioned period.
Pensioners' are further advised to visit the Pension Section, Treasury Department situated
on the ground floor of the British American Insurance House, Marlborough St. and Navy
Lion Road, bringing with them a form of identification such as Passport, Voters card,
National Insurance LD. or Drivers' license.
The following Life and Payment Certificates are available at the Treasury Department,
Nassau and Freeport, and at Family Island Administration offices:
Parliamentary Pension Life & Payment Certificate for retired
Parliamentarians.
Official Pension (Judicial) Life & Payment Certificate for retired Judges.
Official Pension Life & Payment Certificate for retired Public Officers.
World War I Veterans and WidowsLife & Payment Certificate for
Veterans & Widows of World War 1.
Bahamas Widows' & Orphans' Pension Fund Certificate for Widows'
& Orphans'.


Pensioners residing within The Bahamas should note that the submission of Life and
Payment certificates on a monthly basis is no longer required. However, all pensioners are
expected to verify during January and July of each year to avoid any inconvenience.
For further details please contact the Pension Section, Treasury Department at telephone
no. (242) 322-4561. Life and Payment Certificates may be forwarded via facsimile at (242)
322-4566.


THURSDAY, NOVEMBER 15, 2007, PAGE 17B


THE TRIBUNE











PAGE 18B, THURSDAY, NOVEMBER 15, 2007


THE TRIBUNE


Official says United, Delta


* ATLANTA

UAL Corp.'s United Airlines
.ind Delta Air Lines Inc. have
been discussing a combination
between the nation's second- and
ihird-largest carriers that would
keep the United name and the
corporate headquarters in Chica-
,0, The Associated Press has
earned.
Shares of both airlines surged
on the news.


There is a sense of urgency in
the talks, which have been going
on for some time and continued as
recently as a week or so ago, an
official with knowledge of the talks
said Wednesday. The official
spoke on condition of anonymity
because the person was not autho-
rized to speak publicly.
"They want to get something
done before a new administration
gets in and so they get the clock
ticking on" federal regulatory


I'ml ovin' it"


EMPLOYMENT OPPORTUNITY







Requirements:


Must be a high school graduate
Must be people oriented
Must have smiling faces
Must be customer service driven
Must be a high performer
Must have excellent oral & written
communication skills
Must be able to work flexible hours,
including late nights, weekends and
holidays.


McDonald's offers excellent benefits!
Competitive Pay!
Training!
Career Development!
Monthly Incentives!
Opportunities for Upward Mobility!


Applications available at all three
restaurants and McDonald's Head Office
on Market Street North




Legal Notice

NOTICE



ESTANCIA LTD.


--*-


Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act

2000, the dissolution of ESTANCIA LTD. has been com-

pleted; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.





ARGOSA CORP. INC.
(Liquidator)


approval, the official said.
The exact financial details of
the transaction being discussed are
not clear. But the talks involve
United being the name of the
combined airlines, the headquar-
ters staying in Chicago and Delta's
Atlanta hub being an operational
center for the two carriers, the offi-
cial said. One possible scenario
involves Delta CEO Richard
Anderson being the chief of the
combined airline, the official said.

Fl


1 3130
2.9449
2.4829
1.2037
11.2596


1 362272
3.5388***
2.938214***
1.279370**
11 8192."


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


have discussed combining

Delta also has had talks with $4.20, or 9.7 percent, to $47.70. hedge fund that owns 7 million
other airlines, the official said, Delta said in a statement Delta shares to consider combin-
without specifying which airline Wednesday that its board has ing with UAL.
or the status of any such talks. established a special committee to Pardus Capital Management LP
A spokesperson for Chicago- work with management to review said in a letter to Delta's top man-
based United did not immediately and analyze strategic options for agement on Tuesday that it is
return a call Wednesday seeking the airline. Top executives have "imperative" that the company
comment. Delta spokeswoman said recently they are trying to undertake a merger transaction
Betsy Talton declined to com- determine whether consolidation with another airline in view of
ment. makes sense for Delta. soaring fuel prices and what it
Shares of Delta rose $1.92, or When Anderson was named in described as the increased risks of
10.2 percent, to $20.67 in after- August as Delta CEO to replace going it alone.
noon trading. UAL shares gained Gerald Grinstein, there was imme- "Consolidation is needed to de-
diate speculation in the investment risk the industry and time is of the
community that Delta and North- essence as now is the right regula-
west might eventually merge. tory environment," said Karim
Anderson is a former CEO of Samii, president of Pardus, and
Northwest Airlines Corp. Shane Larson, a principal.
Anderson immediately tried to The hedge fund executives said
dispel such speculation, telling they had determined since making
Delta employees he wasn't coming a similar recommendation in a
to Delta to facilitate a deal with Sept. 7 letter that "the most attrac-
Eagan, Minn.-based Northwest. tive and practical combination
available: Delta's statement Wednesday would be a Delta and United Air-
was responding to pressure by a lines combination."


HEAVY EQUIPMENT

MAINTENANCE MANAGER



Job Description:
Responsible for the management of all

maintenance activities in Nassau ensuring
all preventative maintenance and heavy
equipment repairs are conducted as per com-

pany standards. Conducts on-site audits and
evaluations of port equipment, coordinates

repair activities and preventative procedures.


Education:

High school diploma or equivalent. Trade
or Technical certificate in Heavy Equipment

Maintenance.


Experience:
Five years experience in heavy equip-

ment maintenance with at least two years
in management of equipment maintenance.


Container Terminals offers a highly competi-
tive package of benefits. Salary is commen-
surate with qualifications and experience.





Legal Notice

NOTICE



RENDEZVOUS HOLDINGS LTD.


-^--


Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act

2000, the dissolution of RENDEZVOUS HOLDINGS

LTD. has been completed; a Certificate of Dissolution

has been issued and the Company has therefore been

struck off the Register.



ARGOSA CORP. INC.
(Liquidator)


I)llinF)-B I


11.7t
9.55
0.85
13 74
11.20
3.15
5.52
7.22
2.70
6.50
12 80
14.75-
6.10
1.00
8.05
10.05
:1r, 00


8.00


14.60
0.55
.52A K -HI
3.5388
2.9382
1.2794
11 8192


0.54 Abaco Market
11.00 Bahamas Prop
7.86 Bank of Bahan
0.70 Benchmark
1.65 Bahamas Wa,
1.21 Fidelity Bank
9.81 Cable Bahama
1.83 Collna Holding
4.03 Commonwealt
4.70 ConsolidatedV
2.20 o60tors Hosp
5.54 Famguard
12.00 Finco
14.00 FirstCarlbbean
5.18 Focol (S)
0.4 .. Frmaport Conc
7.10 fe eu d'uwi
8.82 J. 8. Johnson
10.00 Premier Real I
52wk-Low Sui


t- LI 5h-.'RE INDEX 19 Dc 02 t .-ju.t u
52wvk-Ho Highest closing price In last 52 weeks
52wk-Low Lowest closing price in last 52 weeks
Previous Close Previous day's weighted price for daily volume
Today's Close Current day's weighted price for daily volume
Change Change In closing price from day to day
Daily Vol. Number of total shares traded today
SDJI $ Dividends per share paid In the last 12 months
S P/E Closing price divided by the last 12 month earnings
S) 4-for-1 Stock Split ffective Date 8/8/2007
S1 -fr- Stock Spit Effactve Date 7/11/2007


s 1.59 1.59
perty Fund 11.60 11.60
mas 9.55 9.55
0.85 0.85
ste 3.74 3.74
2.61 2.61
as 11.18 11.18
gs 3.15 3.15
th Bank (Si) 5.52 5.52
Water BDRs 6.24 6.55
ital 2.26 2.26
6.50 6.50
12.71 12.71
n 14.65 14.65
6.03 6.03
rete 0.74 0.74
7.25 7.25
10.05 10.05
Estate 10.00 10.00
mbol B-d SAsk S


14 25 Bahamas Supermarkets
6.00 Caribbean Crossings (Pref)
0.20 RND Holdings


0.094
1.502
0.733
0.048
0.275
0.051
1.030
0.208
0.426
0.129
0.284
0.804
0.768
0.934
0.359
-0.415
0.411
0.991
1.167


0.000
0.400
0.260
0.020
0.060
0.040
0.240
0.080
0.227
0.050
0.020
0.240
0.570
0.470
0.133
0.000
0.200
0.590
0.600


16.9
7.7
13.0
17.7
13.6
51.2
10.9
15.1
13.0
49.0
8.0
8.1
16.5
15.7
16.8
NIM
17.6
10.1
8.6


0.00%
3.45%
2.72%
2.35%
1.60%
1.53%
2.15%
2.54%
4.11%
0.79%
0.88%
3.69%
4.48%
3.21%
2.24%
0.00%
2.76%
5.87%
6.00%


Last Price Weekly Vol


6l UU
6.00
0 20


I 160 1 185 134
0.000 0.480 NM
"0 030 0 000 NiM


4 450 2 750 9.0
1.160 1.125 13.4
-0.030 0.000 NIM


6 70<
7.71%
0.001/


Yield %.


* 2 November 2007
- 30 June 2007
**-31 October 2007
.... 31 July 2007


NOTICE

NOTICE is hereby given that LATOYA PLUMMER-
CHEDDESINGH of ST. ALBURI'S DRIVE, NASSAU;
BAHAMAS, is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within twenty-eight days from the 15th day of
November, 2007 to the Minister responsible for Nationality
and Citizenship, P.O.Box N- 7147, Nassau, Bahamas.





NOTICE
NOTICE is hereby given that ROCHELLE TELFORT,
WASHINGTON STREET, NASSAU, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship, for
registration/naturalization as a citizen of The Bahamas, and
that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 15TH day of NOVEMBER, 2007 to the Minister
responsible for Nationality and Citizenship, P.O.Box N-7147,
Nassau, Bahamas.









Positions available at Bimini Sands Resort & Marina:

Sushi Chef

Diesel/Gasoline Mechanic

A competitive salary and benefit package will be offered to the
successful candidates. If you are interested in being part of a
dynamic, growing company, please email, mail or fax
Resume to:

Human Resources Manager
Bimini Sands Resort & Marina
PO Box 24020
South Bimini
Bahamas
Tel: 242-347-3500
Fax: 242-347-3501
fcooney@biminisands.com


Legal Notice

NOTICE



PIXEL VALLEY INC.


--- 4^----


Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act

2000, the dissolution of PIXEL VALLEY INC. has been

completed; a Certificate of Dissolution has been issued

and the Company has therefore been struck off the

Register.



ARGOSA CORP. INC.
(Liquidator)



Legal Notice

NOTICE



PENNE DIAZ CORPORATION


0--

Notice is hereby given that in accordance with section

138 (8) of the International Business Companies Act

2000, the dissolution of PENNE DIAZ CORPORATION

has been completed; a Certificate of Dissolution has been

issued and the Company has therefore been struck off the

Register.



ARGOSA CORP. INC.
(Liquidator)


Position A


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Cable appoints former DPM to directors Board


CABLE Bahamas has named former deputy
prime minister Frank Watson and Sandra
Knowles to its Board of Directors, replacing
Al Jarrett and Anthony Butler.
Mr Watson, current Airport Authority chair-
man, held Cabinet posts in the first administra-
tion that included' Public Works and Utilities,
National Security, Tourism and Public Enter-
prise.
Among the public policy areas he oversaw
were telecommunications sector liberalisation,
housing, potable water supply, the national
roads programme, and Royal Bahamas Police
Force.
Mrs Knowles, former Securities Commission
of the Bahamas executive director, sits on the
Boards of Colina Holdings (Bahamas), Bench-
mark (Bahamas) and the Winterbotham Trust
Company.
She previously held director posts with insti-
tutions such as Franklin Templeton Bank &
Trust, the Hotel Corporation of the Bahamas
and Bahamasair. In 1993, she had been appoint-
ed general manager of the Broadcasting Cor-
poration of the Bahamas.
Both Mr Watson and Mrs Knowles have
strong links to the governing Free National
Movement (FNM), and their appointments are
likely to be at least partly designed to give Cable
Bahamas an insight into the Government's
telecommunications sector policy, as well as


provide the company with an avenue to lobby
Government.
Relations between Cable Bahamas and the
Ingraham government are understood to have
cooled since the Prime Minister's first term in
office, The Tribune revealing how the Govern-
ment blocked Cable Bahamas' acquisition of,
IndiGo Networks' parent company, Systems
Resource Group (SRG).
The deal was blocked to prevent the purchase
undermining the Bahamas Telecommunications
Company's (BTC) privatization value, as IndiGo
is its only fixed-line voice services competitor.
Cable Bahamas hinted at all this in its press
statement announcing the Board appointments,
its chairman, Brendan Paddick, saying Mr Wat-
son would give the company "an inside under-
standing of the public goal for the development
of the telecom sector in the country".
He added: "The next four to five years will be
a very interesting time for the telecommunica-
tions sector in the Bahamas. Further liberalisa-
tion will undoubtedly be on the cards, and Cable
Bahamas intends to be in the forefront of that
arena and believes it has both a board and
employee team that is up to the task."
Mr Watson and Mrs Knowles will be replac-
ing Mr Jarrett, who is a known PLOP support-
er. Mr Butler stepped up to ,the Board when
the late George Mackey, a former PLP Cabinet
minister, passed away.


PAGE 20B, THURSDAY, NOVEMBER 15, 2007


THE TRIBUNE