The Tribune.
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00084249/03061
 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: 12/11/2007
Genre: newspaper   ( sobekcm )
Spatial Coverage: Bahamas
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: UF00084249:03061

Full Text

GOODNESS 'm lovin'it.






PLP slammed lor 'criminal hiPin

Minister claims e

hired for public ,

where children c
Tribune Staff Reporter
THE former PLP government
hired convicted criminals to public
service roles where they could put
children at risk, Housing and
National Insurance minister Ken-
neth Russell claimed yesterday.
Speaking in the House of
Assembly yesterday Mr Russell
gave the examples of numerous
individuals hired by the former
government who, despite having,
in some cases, extensive criminal
histories, were given the "second
chance" of government employ-

Tribune Staff Reporter
AFTER nearly two months
of presentations, final argu-
ments in the Pinewood elec-
tion court case are scheduled
to conclude on Friday, with the
justices then taking the matter
into deliberation before a rul-
ing is issued.
At the end of yesterday's
session, FNM chief counsel
Michael Barnett told the court
that he has two remaining wit-
nesses to call today. While PLP
chief counsel Philip 'Brave'
Davis said that his side still has
to hear from BEC, the Parlia-
SEE page nine

x-convicts were

service roles

would be at risk

ment with the result that some 0
went on to commit crimes even
after taking up their new positions
of responsibility.
Some of these individuals were
brought on to work for the Urban
Renewal programme a pro-
gramme ostensibly aimed at
decreasing crime rates and of
which a significant element
involved work with young people,
he noted.
"I believe God caused the
change in government because of
things like this," Mr Russell said, as
he accused the former government
SEE page nine


at sea are w-

feared dead
Tribune Staff Reporter
TWO New Providence men
missing at sea after leaving i .i
Yamacraw ramp on Sunday, are ..
feared dead.
As family and friends of the
missing 21-year-old Graham
Knowles and 64-year-old Calvin
Blatch continue to hope for the
best, Defence Force and BAS-
RA vessels yesterday searched PUBLISH
the waters around New Provi- the Baha
dence without success.
According to reports, five men ...................
went out to sea to test a 26-foot
Formula vessel on Sunday at a,
SEE page nine 'i
I hi

I Ne bok pus Bhama inthe ictre

ER AND Editor In Chief Michael J. Phillips with his new book Destination Commonwealth of
mas. The book was officially launched yesterday at Luciano's Restaurant. SEE PAGE 3

ve Guana Cay group lawye:

its out at FNM government

Tribune Staff Reporter
THE FNM government has
betrayed the trust of the Bahamian
voters and is selling out the country
to "foreign invaders", the Save the
Guana Cay Reef Association's
lawyer Fred Smith said yesterday.
This response came after Prime
Minister Hubert Ingraham on the
weekend declared that the billion-
dollar Baker's Bay Golf and Ocean
Club development has the full sup-
port of the government.
Following a tour of the resort
site, Mr Ingraham said that while
the SGCRA did raise several legit-

imate concerns, the government is
satisfied that these have been
addressed and that there is no
longer any basis for the continued
opposition to the project.
Speaking with The Tribune yes-
terday, Mr Smith, legal counsel for
the Association, expressed his out-
rage at government's assessment
of the development.
Mr Smith said that in his opinion
it was not correct for Prime Minis-
ter Ingraham to publicly throw his
support behind the Hope Town
District Council, which is named
as a defendant in the SGCRA's
judicial review application to halt
SEE page nine

claim in
the House
Tribune Staff Reporter
DESPITE repeated PLP assur-
ances to the contrary, the
junkanoo bleachers contracted in
2002 will not become the prop-
erty of the Bahamian people at
the end of the five-year contract,
it was claimed in the House of
Assembly yesterday.
Brensil Rolle, parliamentary
secretary in the Ministry oLHous-
ing and MP for Garden Hills. crit-
icised the former minister with
responsibility for Junkanoo.
Mr Rolle accused the opposi-
tion of making contradictory and
hypocritical statements about the
status of the controversial
Junkanoo bleachers at the end of
the highly touted five-year con-
tract to buy the seats.
"In 2002 the minister with
responsibility for Junkanoo con-
tracted a company for $1 million
to provide Junkanoo bleachers
without Cabinet approval, I
"After there was an outcry
from the Bahamian people the
(former) government determined
that (it) was a bad deal. To save
:: face, it is my understanding that

SEE page nine
| Defence Force
Officer killed in
f" traffic accident
Tribune Staff Reporter
r A YOUNG Defence Force
officer was killed and a young
woman suffered life-threatening
injuries in a motorcycle crash on
John F Kennedy Drive on Sunday
T'he 21-year-old Dcfence Force
officer Omar Smith became the
country's 43rd traffic fatality of
the year when his blue 2000
Yamaha 1100 collided with a
white 19%t Nissan Maxima, also
driven by a 21-year-old, at 9.45pm
on Sunday.
According to police reports,
the driver of the Nissan was
attempting to turn off John F
Kennedy Drive onto Windsor
Field Road when he collided with
Mr Smith's motorcycle, which was
travelling in the opposite direc-
Mr Smith, and a 19-year-old
SEE page nine

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Pathologist testifies

that eight drugs found

in Daniel Smith's system

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JURORS in the coroner's
inquest into the death of Daniel
Smith heard from a local pathol-
ogist yesterday who testified that
eight drugs three of which
formed a lethal combination -
were found in Daniel's system.
The inquest into the death of
Smith, the son of the late Anna
Nicole Smith, continued before
Magistrate William Campbell yes-
terday as Dr Govinda Raju, who
performed an autopsy on the 20-
year-old, was called to give evi-
During questioning by prose-
cutor Neil Brathwaite, Dr Raju
testified that he performed an
autopsy on Daniel Smith on Sep-
tember 12, 2006. Dr Raju stated
that Daniel's body was identified
Howard Stern.
Dr Raju said Smith was of slim
build, moderately nourished,
weighing around 155 pounds.
He said an external qxamina-
tion of Smith revealed that he
had puncture marks in his left
and right elbow joints, on the
back of his left hand and on his
left upper thigh, which could have
been created by medical staff dur-
ing attempts to revive him.
Dr Raju said there were scratch
marks to his left upper shoulder,
left chest, right upper hip and left
upper hip area, which could have
been created either by medical
staff, Smith himself while he was
reacting to the drugs he had con-
sumed, or as a result of someone
holding him.
Dr Raju told the court 'that
having reviewed toxicology
reports, he came to the conclu-
sion that Smith had died as a
result of respiratory arrest and
circulatory collapse due to an
adverse reaction to a lethal com-
bination of drugs.
During cross-examination by
attorney Milton Evans, Dr Raju
told the court that based on the
toxicology reports he had
received, he determined that
Smith had eight different drugs
in his system at the time of his

Dr Raju said five of the drugs
were prescription drugs, one -
Benadrin was an over the
counter drug, and two were ther-
apeutic drugs.
He said that to his knowledge,
only Lexapro had been pre-
scribed to Smith.
Dr Raju said that of the eight
drugs found in Smith's system,
Methadone, Zoloft and Lexapro
formed the most lethal combina-
tion and were found to be in the
most significant amounts. He said
that Daniel could have taken the
drugs four to six hours before his
During cross-examination by
attorney Wayne Munroe, Dr
Raju agreed with Mr Munroe's
assertion tha the scratch marks
on Smith's body could have been
caused by a sizable mother grip-
ping her dying son.
Dr Raju also agreed that he
could not say, based on the med-
ical reports, whether Methadone
and the other drugs found in
Smith's system were prescribed
for him.
Mr Munroe then stated that
Daniel had been prescribed Val-
ium for lower back pain as well as
Zoloft and Lexapro for depres-
sion. Mr Munroe also pointed out
that excluding the over the
counter drug Benadrin, all of the

other drugs found in Smith's sys-
tem were either for pain or
Dr Raju agreed, telling the
court that of the eight drugs found
in Smith's system, five were
depressants and three stimulants.
Carolyn Nairn, a patient at
Doctor's Hospital at the time of
Smith's death, also testified yes-
Ms Nairn told the court that
she was pregnant the day Smith
was found dead.
She said some time around
9am or 11am, she heard a Code
Blue go out over the PA system,
and then heard commotion in the
Ms Nairn told the court that
she heard a woman scream, "My
baby boy, oh my baby boy."
She said that the disturbance
lasted until around 1pm that day.
Ms Nairn told the court she
had not heard any noise from
the room prior to the Code
Dr Charles Diggiss, chief med-
ical officer at Doctor's Hospital
and Corporal 1386 Finley were
also called to the stand yesterday.
Corporal Finley said that on
September 10, 2006 he was on
mobile patrol when he received
word of a sudden death at Doc-
tors Hospital.
He told the court that he pro-
ceeded there, where he spoke to
Ms Laing, a representative of the
hospital, who told him of Smith's
Corporal Finley said he con-
tacted the police control room
and relayed the information.
Before the start of yesterday's
proceedings, Mr Brathwaite indi-
cated that there were 23 witness-
es remaining to be called to give
He noted that there is some
difficulty with several of the wit-
nesses, as at least four of them
are out of the jurisdiction.
Mr Brathwaite said that pro-
ceedings are expected to continue
until Wednesday, at which time
the prosecution should be in a
position to address the court
regarding those witnesses.

Unloc aWorBSld oBOpotuit

^^sByjimn~iing theteam o


0 In brief

ticket outlet

is now open

THE ticket outlet for
Jui.ior Junkanoo is now
open at the Kendal G L
Isaac's Gym in Oakes
This year's parade has
been named in honour of
Veronica Ingraham-
Thompson, a veteran
Bahamian artist who now
lives in Andros.
Minister of State for Cul-
ture Charles Maynard said
the parade promises to be
an exciting one, as schools
from New Providence and
the Family Islands
including Harbour Island,
North Andros and Grand
Bahama will be taking
Tickets for the Junior
Junkanoo Parade, which
will be held on Bay Street
Thursday, December 13 at
6pm, are $20 for Rawson
Square and $10 for all oth-
er areas.

Statement on
Boxing Day and
New Year's Day
business hours
THE Cabinet Office
issued a statement notify-
ing the public that shops
may open for business dur-
ing normal operating hours
on Boxing Day (Wednes-
day, December 26) and
New Year's Day (Tuesday,
January 1).
"As a result, employers
should ensure that employ-
ees, who are required to
work on this holiday, are
paid wages in accordance
with section 10 (a) of the
Employment Act, 2001,"
the statement said.

Information on
Selma University
ALL persons who
attended Selma University
are being asked to send
their contact information
to cfergi@coralwave.com,
or call 324-2436, as soon
as possible for information
on a scholarship and other
plans for 2008.

Burns House
Leroy Archer, managing
director of the Bums House
Group, presented a cheque
in the amount of $4,500 to
the Neonatal Intensive and
Special Care Baby Units of
the Princess Margaret Hos-
The funds will be used to
assist in the daily operations
of the units.
The Executive Manage-
ment Committee, staff and
patients of the hospital
thanked the Burns House
group for their contribution.

Ministry of Housing official hits

out at previous administration
1. wasikak

Tribune Staff Aeporter
THE former administration left
the Ministry of Housing in such a
state that the government cannot
presently build more low cost
homes, Parliamentary Secretary
in the Ministry of Housing and
National Insurance Brensil Rolle
told parliament yesterday.
"When you take the instrument
that has been used to build a
house and you leave it in such a
state that they don't have the
money to pay contractors from
last year, how do you anticipate
we can build houses?" he asked.
Many of the government homes
built under the watch of the PLP
need "urgent repair", however of
the more than $170 million in con-
tingency funds approved under
the former administration for the
2006/2007 fiscal year, there was
no allocation for small home
repairs, Mr Rolle noted.
"I also note that there was no
contingency to pay the small con-
tractors who built those homes,
and I'm advised (there are) hun-
dreds of small contractors who

"When you take the instrument that
has been used to build a house and
you leave it in such a state that
they don't have the money to pay
contractors from last year, how do
you anticipate we can build houses?"

Parliamentary Secretary in the Ministry of
Housing and National Insurance Brensil Rolle

were not paid since October
(2006) because there was no mon-
ey to pay these people."
He added that no contingency
fund was set aside for the Mort-
gage Corporation of the Bahamas,
which is now "virtually broke".
He claimed that nearly 100
Bahamians were paid from a spe-
cial account in the Ministry of
Housing called the Minister's Sole
Account, which gets its funding
through approved mortgages.
According to Mr Rolle, once a
bank pays the mortgage indemni-
ty, the ministry guarantees each
mortgage, usually transferring a
significant portion of the money to

the Mortgage Corporation.
"If you intercept the money
instead of sending it to the Mort-
gage Corporation and hire per-
sons with those funds, what do
you expect to happen? That is the
predicament upon which we find
ourselves this year.
"Over the last few weeks, the
Ministry of Housing and National
Insurance has engaged in a process
of seeking to repair the homes of
hundreds of Bahamians. Homes
that the former government has
touted to the public as making
Bahamians comfortable, yet in just
one subdivision approximately 87
per cent of the homes that were


DEPUTY PRIME Minister and Minister of Foreign Affairs Brent Symonette speaks at the official launch of
the "Destination Commonwealth of the Bahamas" book at Luciano's Restaurant on Monday December 10,
2007. "This will go a long way in promoting the islands of the Commonwealth of The Bahamas as the true
destination in the world," Mr Symonette said.


constructed need to be repaired."
As reported by The Tribune
previously, there have been a
"litany of complaints" from Pride
Estates and other government
subdivisions about the quality of
construction of low cost housing
carried out by the former admin-
istration ranging from leaking

roofs and ill-fitting doors to the
use of poor quality building mate-
rials and the failure to connect
Accusations of corruption sur-
faced within the ministry, which
led to an ongoing police investi-
Mr Rolle, the MP for Garden
Hills, was speaking during his con-
tribution to Monday's House of
Assembly debate on a Bill for an
Act to Provide for Further Diverse
Sums of Money For and Toward
Defraying Expenses of the Gov-
ernment Commencing July 1, 2006
ending June 30, 2007.
He also said a hundred Bahami-
ans were given homes they can-
not live in because the land that
the houses were built on has not
been conveyed to the government.
He used the subdivision of Dig-
nity Gardens as an example of
areas where Bahamians who have
been assigned homes cannot move
in because "they did not get their
"Yet the opposition brags in the
House of Assembly of how suc-
cessful they were in government,"
Mr Rolle said.

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The Tribune Limited
Being HBound to Swear to The Doginas of No Master

LEOI N 1.'. II. 1)1/l'l /Ci, 'Publisher/Editor 1903-1914

(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Switchboard (News, Circulation and Advertising) 322-1986
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Clash of beliefs in the end an accounting

ALONG about this time of year, the Observ-
er ventures into the wilds of Cambridge to chat
with Peter Gomes. He is, on the subject of
Christianity, a font of knowledge, humour, and
edge. The man carries more titles than the king
of Spain, but in plain English, he is Harvard's
preacher. Has been for more than 30 years.
The Rev. Gomes has a new book out called
"The Scandalous Gospel of Jesus." Feisty title,
but as a dreaded secular humanist, I don't have
a dog in that fight.
However. I recently stumbled on "The Little
Book of Atheist Spirituality" that buoyed myi
spirits no end. While this manifesto contains
nothing particularly new, it stands as a refresh-
ing breath of foul air against the irritating piety
of religious tomes that blow onto the scene in
Armed with both texts, I went calling on
Gomes last week. Upon learning the title of
the atheist tract, he said, without mniissing a beat.
"Of course it's a little book." He held it in his
hands and added, "It is very light, isn't it?"
I asked him if he believes in heaven and hell.
"I don't have a better explanation for a future of
misery or a future of joy," he replied. "Heaven
and hell are fine metaphors for me. It is in my,
interest to stay out of hell."
But could he contemplate the possibility that
there might be nothing'?
"I don't think I could." he said. "My whole
system of justice is that. ultimately, there is an
accounting. Eventually the wicked will be pun-
ished and the virtuous rewarded. I dou't choose
to believe it. I have to. I can't believe the uni-
verse is sheer chance and sheer chaos. I don't
trust chaos. I don't trust chance, and I can't
trust human effort because I've seen what it
"The atheist appears to be able to do it on his
or her own," he continued. "I can't. I need help.
I need the whole ball of wax. I'm not the Dalai
Lama. I can't sit, legs akimbo, and wait for good
things to come out of me. They won't."
But, of course. Gomes is sceptical in the
extreme that we heathen do it on our own. "I
don't know what a good atheist is." he says.
"There may be something that's helping you
along the way. You have no idea whether you're
doing it by yourself." Either way, lie said affably.
"You're good for business."
Despite great charm and humour. Gomes,
65, remains an implacable. if tolerant, foe of
atheists, and he claims we will always be the
odd folks out at the table.
"You see, a total negative has no positive
energy," he arg-ies. "You can stamp your feet
like Christopher Hitchens and the rest. They
throw culture tantrums, but the very fact of the
tantrum suggests they've already had to concede



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much of the territory."
Balderdash. We're not total negatives at all.
We're total positives who happen to reside off
his reservation. We strive to live by the same
ethics and moral behaviour that believers do,
and come up short no more than they do -
maybe less for all I know. We simply don't buy
what he's selling.
Believer or atheist, it all boils down to what
my friend Jimmy says: "Do the right thing when
no one's looking."
And since we don't buy into the hereafter, we
don't wait for it either. As Andre Comte-
Sponville, author of the atheist tract, writes:
"We are already in the Kingdom. Eternity is
Horsefeathers, responded Gomes. "That's a
pleasant aphorism, but I don't buy it. If this is
eternity, I feel I've been cheated. I want some-
thing better 'than this. Eternity is not now. The
clock is ticking. Your days are numbered."
Gomes saved his best shots for his colleagues:
"I think church leaders are guilty of not chal-
lenging their flocks enough," he maintained.
"They're guilty of suggesting the ultimate point
of religion is comfort and consolation when it's
really faithfulness and engagement.
"The trouble with that kind of religion is it
tends to enforce who we already are," he said.
"It doesn't raise any new challenges. It con-'
firms our fundamental convictions.
"As a result," he continued, "the religious
avoid what they don't want to hear: 'Who you
are is not good enough. What you're doing is
not good enough. The world you're trying to
create is not good enough.' If they hear that in
their churches, they'll leave and go to a church
where they don't hear that, or they won't go to
church at all."
What religions have forgotten, he said, are the
two most fundamental tenets modesty and
charity: "Modesty in the sense that I don't know
all there is to know. I might be wrong. And
charity in the sense that I should treat everybody
with a charitable disposition on the off-chance
they're right. These are not qualities you see at
church today."
His faith extends across the pond to the Riv-
er Thames. Gomes was named preacher to the
Henley Royal Regatta in England this year a
great gig where he rode in a launch on the riv-
er with other poohbahs to observe the rowing
He watched with delight as the Harvard var-
sity eight won its race decisively. "When we
got to the dock," he recalled, "I told them, 'I
hope you boys don't think you did this on your
(This article was written by Sam Allis of The
Boston Globe c. 2007).

The illegal



EDITOR, The Tribune.
THE other day I received a
wonderful bit of news. Upon
inquiry I learnt that Mac (or
Max perhaps), a somewhat
aging Haitian national of
diminutive stature, who was
rounded up and deported
sometime during 2006, after
living and working in the
Bahamas for close to forty
years, was in good health and
good spirits following an initial
period of significant uncer-
tainty. Mac was retired by his
employer after working as a
kitchen helper at El Casino
(Princess Casino) for a cou-
ple decades more or less.
He then continued working
in Freeport primarily as a
gardener for a further
decade or so, sometimes with
and sometimes without a per-
mit, until his apprehension
and deportation.
The foregoing story has
moved me to write about the
topic at hand, one that I oft
considered putting finger to
keyboard concerning but nev-
er did.
If not speedily, forcefully
yet compassionately
addressed, the ongoing illegal
immigrant situation has poten-
tial, significant., negative impli-
cations for our Bahamaland.
A time bomb waiting to
Historically, successive gov-
ernments appear to have
adopted somewhat of a knee-
jerk rather than a structured
approach to addressing the
country's illegal immigration
Some three years or so ago
the government commis-
sioned a study to ascertain the
number of illegal immigrants
(particularly Haitians it
seemed) residing in the coun-
try. The investigation con-
cluded that as many as 60,000
illegal,Haitian immigrants may
be residing within the
The revelation seemingly
resulted in the round-up which
Mac was caught up in.
Historically, deportations
have averaged somewhat less
than 5,000 a year. Based on
that history, the round-up and
deport approach towards solv-
ing a 60,000 illegal immigrant
problem will no doubt prove
to be a most daunting task.
I believe it is prudent to
note some likely pitfalls I see
in pursuing the historical

approach prior to suggesting a
way forward.
Based on the most recent
unemployment statistics, it
appears that some 15,000 per-
sons may presently be unem-
ployed across the Bahamas.
Rounding up and deporting
60,000 Haitians, the majority
of whom are no doubt gain-
fully employed, will surely
wreak havoc with our econo-
my. Assuming the quite
unlikely scenario that all per-
sons presently unemployed
are willing to take up the jobs
vacated by the "illegal", will
still leave almost 45,000 jobs
begging to be filled requiring a
flood of migrants from some-
The "all-in" cost to deport
an illegal is said to be around
$1,000. Deportation of 60,000
illegals at a cost of $60 million
will put quite a dent in our
national budget.
Accepting that there are
60,000 undocumented Haitian
nationals in the country I
would posit that a significant
number of them are better
described as "not legal" rather
than "illegal".
For, included in the "ille-
gal" category will no doubt be
a large number of immigrant
children, born in the Bahamas,
who have reached and per-
haps even surpassed the age
when they will have become
eligible to assume Bahamian

All "eligible individuals"
should be speedily identified
and their status regularised.
Allowing such a huge number
of "stateless" persons to
remain within our borders is
likely giving rise to major
resentments among these indi-
viduals. I believe it is far better
for them to be Bahamianised
and fully assimilated into the
society rather than have them
exist as a fringe creolised sect.
Favourable consideration
should, perhaps, next be given
to the parents of the "eligible
individuals" who, provided
they can demonstrate resi-
dency over a protracted peri-
od, have been of good behav-
iour, have made some tangible
contribution and established
some form of roots within
their communities should be
favourably considered for per-
manent residency.
All available resources -
manpower, equipment, intel-
ligence, etc should then be
focused on rooting out the
10,000 or so true "illegal"
remaining within our borders
and to keeping such illegals
The Covey approach adopt-
ed by State Minister for Immi-
gration, Elma Campbell, to
firstly seek to better under-
stand the magnitude of the
problem before seeking to
effect a solution is, in my view,
an excellent first step towards
a sustainable solution.
I wait with bated breath for
her next step.

December 7, 2007.

The launch of a

further One Bahamas

EDITOR, The Tribune.
I NOTE that the Ingraham Government is again trying to per-
ceive that there is ethnic acceptance once again with their
launch of a further One Bahamas.
Surely there was enough evidence in the general election
just six plus months ago that there is far from any form of eth-
nic acceptance in fact politically the Free National Movement
totally relies on this difference.
The blind saw the very few non-afro faces in the mass crowds
of the PLP.
There might be daily visible acceptance of all ethnic groupings
on an equal basis, but just go behind the closed doors of the Cau-
casian households and then those, mixed race households where
actually prejudice is more severe than even in those who pretend
they are 'pure'.
It is totally laughable that anyone would promote this for
whatever reasons they might have it is totally whopped and
void of any sense.
Political reality is that the FNM totally relies on the non-
African grouping to financially sustain it and very few Cau-
casians or mixed ethnic support the PLP alternative.
This issue is best left totally alone you might know your Ma.
but better not check who your Pa!

December 3, 2007.

S CUBE $318.00

I5 CUBE $353.00

7 CUBE $448.00

9 CUBE $522.00

1$ CUBE $650.00

25 CUBE $995.00

t .0 I ,I !!,J, 4"!J ,AI ", l, 1 ,
Woitcms t e o' Cmao

Fund Manager seeks Marketing and
Client Service Administrator

Holowesko Partners Ltd. seeks to fill the position of
Marketing and Client Service Administrator for the Finn
and the Funds managed by the Finn. The candidate must
be a university graduate, preferably with a business or
finance major and at least five years of post-graduate
working experience in financial services.

A working knowledge of the investment management
business will be important in assessing candidates as well
as experience in Microsoft Word, Excel and Powerpoint
applications. The candidate must be a confident self-
starter and have strong written and oral communication

The job responsibilities will include organizing and
coordinating the many marketing and investor service
functions of the Firm, including client communications,
conference calls and meetings. A modest amount
of travel will be required to meet with clients and
prospective clients. The candidate will be expected to
author and/or assist in the preparation of Firm and Fund
presentations, updates, newsletters and routine letters
to clients and to manage the content and uploads to the
Firm's secure website. Responsibilities will also include
organizing and managing an annual Investor conference
held in Nassau and an annual Finn conference held

Please send written expressions of interest, university
transcripts and resumes by fax to I Iolowesko Partners at
362 6733 or email to jtownend@templeton.com.



a Ii britf


Conch divers Collie locks horns with Gray in

saved after

beinglostat local government funding row

sea for days

Tribune Staff Reporter
TWO New Providence conch
divers were miraculously saved
yesterday after being lost at sea
for four days.
Derick Smith and Kevin Fer-
guson, both in their 40s, started
out on a fishing expedition for a
Nassau restaurant last Wednes-
day when they got separated
from their fleet in a squall off
the coast of Bimini, Fox News
reported yesterday.
They were caught in the Gulf
Stream current and were car-
ried over 200 miles from home.
All they reportedly had on
board was a hammer for open-
ing conch shells and an anchor.
According to the US Coast
Guard, the men's 15-foot-
dinghy ran out of gas, leaving
them stranded in the ocean for
more than a week and a half.
Mr Smith and Mr Ferguson
were saved yesterday when a
fisherman from New Smyrna,
Florida, spotted them 25 miles
off the Volusia County coast
yesterday morning.
Dan Crossley, a telephone
company technician, told US
media that he was out on a fish-
ing trip when he suddenly saw
the silhouettes of two men fran-
tically waving their arms back
and forth.
The two Bahamian conch
divers were dehydrated and
weak when he found them, but
still had enough energy to stand
up by themselves, Mr Crossley
Mr Crossley said he trans-
ferred the two men from their
dingy on to his boat and then
towed their dinghy until they
were about four miles from
Mr Smith and Mr Ferguson
were then handed over to the
US Coast Guard.
Mr Crossley yesterday told the
US press that he his been fish-
ing for more than 20 years, but
that the rescue of the two
Bahamian men was a com-
pletely "surreal" experience for

Cuba says it

will sign civil

and political

rights accord

CUBA said yesterday it
would sign an international
agreement on civil and politi-
cal rights while a few blocks
away government supporters
shoved and shouted down
activists calling for improved
human rights on the commu-
nist-run island, according to the
Associated Press.
Foreign Minister Felipe Perez
Roque marked International
Human Rights Day with word
his country would "soon" sign
the accords. Meanwhile, dissi-
dents marching nearby were
mobbed, insulted and forced
into unmarked sedans.
There were no reports of
injuries, and it was not clear
whether marchers taken away
had been arrested. A few inter-
national journalists were
roughed up by counter-protest-
ers, but did not require medical
Several march organizers
were picked up before the
event, evidently in an attempt to
prevent it, according to a caller
who identified himself as Carlos
Bosch, communications secre-
tary of the Independent Demo-
crat Front.
The scene at a park in the
Vedado neighborhood was sim-
ilar to International Human
Rights Day protests in past
years. Only 14 protesters turned
up, and they were shouted
down and pushed by a pro-gov-
ernment group of more than
100 people, guided by men with
What was different this year
was Perez Roque's announce-
ment Cuba would sign the
International Covenant on Civ-
il and Political Rights and the
International Covenant on Eco-
nomic, Social and Cultural
Rights in the first quarter of
next year.

Clash over a
Tribune' Staff Reporter

LANDS and Local Govern-
ment Minister Sidney Collie
locked horns with MICAL MP
V Alfred Gray in the House of
Assembly yesterday over the
allocation of contingency funds
approved in the 2006/2007 fiscal
year for the Department of
Local Government.
Mr Collie criticised the
MICAL representative, who is
the former minister of local gov-
ernment, and accused him of
spending more than half of the
department's capital budget and
contingency funding on his own
Mr Gray responded vehe-
mently, claiming the govern-
ment was "misleading" parlia-
"The department's budget of
$500,000 experienced (a) short-
fall as a result of accelerated
capital works between October
2006 and April 2007." Mr Collie
said, adding that the Depart-
ment of Local Government's
contingency allocation for cap-
ital expenses amounted to
He noted the summary allo-
cations for capital projects in
the Ministry, and Department
of Local Government in the
2006/2007 fiscal year are as fol-
East Grand Bahama -
Harbour Island $40,766
Central Abaco $22,860
North Abaco $13,375
Mangrove Cay $38,000
Mayaguana $89,000
Inagua $103,500
Crooked Island $83,700
Acklins & Long Cav -
Rock Sound $4,760
Mr Collie charged that of the
$545,667 spent on capital pro-
jects for Family Islands,

location of contingency money in 2006/2007 fiscal year

$385,900 more than half- was
spent in the MICAL con-
stituency and that "the entire
contingency" was also spent in
the MICAL constituency.
Mr Gray defended his
actions, noting that the $385,000
was spread out among four of
the "poorest islands" in the
The MICAL constituency
represents Mayaguana. Inagua,
Crooked Island, Acklins, and
Long Cay.
He then tabled a document
that showed that $38,000 of the
contingency for capital expens-
es was spent to improve the ter-
minals at the Mangrove Cay air-
port and the latrines at the

Mangrove Cay Park.
Mr Gray said around $4,000
was spent on improvements for
South Eleuthera, and admitted
he did not "really know" off-
hand what happened to the
remaining $8,000.
Mr Collie said that $85,416 in
contingency funding was allo-
cated to the Department of
Local Government for recur-
rent account expenses in
2006/2007 fiscal year.
From that amount, the min-
ister of finance was authorised
to provide contingency funding
for the appointment on contract
of two local government admin-
istrators with $35,416 being allo-
cated for their salaries for the

last five months of the
2006/2007 fiscal year. The
remaining $50,000 was allocated
to pay salaries for 62 new
appointments on a temporary
contractual basis as general ser-
vice workers from January to
June 2007, Mr Collie said.
"Of that amount 59 workers
were deployed in MICAL, two
in South Andros, and zero in
the other Family Island con-
"When the member (for
MICAL) was previously ques-
tioned by the (prime minister)
on this matter, he informed the
House that he requested the
money from Cabinet to assist
the members of Inagua who had

been laid off by Morton Salt."
Contrary to that explanation,
the record in the Ministry of
Local Government discloses the
following, Minister Collie noted:
the contingency was
requested and granted Febru-
ary 2007, at least three months
before the industrial problem
at Morton Salt
the contingency of $50,000
was in fact used to hire 29 per-
sons in Inagua, eight persons in
Acklins, six persons in Crooked
Island, 15 persons in Mayagua-
na, and three person in Andros.
Mr Gray contended that the
29 persons hired in Inagua were
part-time contract workers:laid
off by Morton Salt.



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Forecasters at the National Hurricane Center say a sys-
tem off Puerto Rico still has the potential to become a
tropical or subtropical storm. But the conditions around it
have become less favourable for development, according to
the Associated Press.
At 5 p.m. Monday, the system was centred about 130
miles east of Puerto Rico and had become a little better
organized Monday afternoon.
It's expected to continue moving west or southwest at
about 15 to 20 mph. But conditions were expected to
become gradually less favorable for development over the
next few days.
Forecasters warn that even if the system doesn't strength-
en, it could still produce heavy squalls and near-gale force
winds across the Virgin Islands and Puerto Rico later Mon-
Its heavy rains also could cause life-threatening flash-
floods and mudslides in Puerto Rico and Hispaniola.
The Atlantic hurricane season that ended November 30
saw 14 named storms, including six hurricanes.



Govt launches data protection website

* By Lindsay Thompson

THE government has offi-
cially launched its website for
the Office of the Data Protec-
tion Commissioner as part of
its efforts to defend privacy and
personal information.
In a ceremony held yesterday
at the Ministry of Finance, Min-
ister of State for Finance
Zhivargo Laing underscored the
importance of the website to
the government's plans for
modernising its computer sys-

"In this modern world, gov-
ernments near and far are chal-
lenged to provide avenues to
ensure that the privacy rights
of its citizens are protected.
"We in government are also
mandated to seek ways to
improve efficiency and keep our
people safe in a post 9/11 envi-
ronment," Mr Laing said.
He noted that the promotion
of privacy rights and safety con-
cerns is paramount, as they are
the two main ingredients of
focus among data protection
and privacy authorities around

PHONE: 322-8160 OR 322-8219

the world. With the enactment
of the Data Processing (Privacy
of Personal Information) Act,
2003, the government put in
place "a crucial element" of its
strategy to protect privacy and
personal information, Mr Laing
T'he Act came into operation
on April 27, 2007. Its main pur-
pose is to "protect the privacy
of individuals in relation to per-
sonal data and to regulate the
collection, processing, keeping,
use and disclosuic of IC iLtin
information relating to indil id-
uals and to provide lor matters
incidental to or connected
The Act is one ot the three
parts of the government's e-
commerce package passed in
2003. The other t[o .ire the.
Computer Misuse .Ac t and the
Electronic Communica ion, .ind
Transaction Act.
"This website has, been de, el-
oped to provide the B.iha.innm
public with access in inolmi1-
tion about the supeI% ision .nd
regulation of the Dai. Protec-
tion Act.
"The site is also intended to
provide the commi-niontir wi lth
an effective medium to keep the
public informed as it relaie- hto
government police% and the
development of international
standards for the us- and dis-
closure of personal inloit ma-
tion," Mr Laing said.
The commissioner., a orni of
is a corpora-
tion and is
supposed to
be indepen-
dent in the
of his duties.
His mis-
sion is to pro- *t I
tect and pro-
mote the pri-
vacy rights of ta h p

trating and
enforcing the __ _
provisions of
,the Act
ing the
observance of good practice by
data controllers within the.
requirements of the Act



ar and
o ensure
ts citi-

MINISTER of State for Finance Zhivargo Laing (right) speaks at the launching ceremony
of the Office of the Data Protection Commissioner's website. Data Protection Commissioner
George Rodgers looks on.



E* Influencing
thinking on pri-
vacy and pro-
cessing of per-
sonal informa-
tion matters on a
local and global basis
Discharging, as the nation-
al supervisory authority, vari-
ous functions relating to or aris-

ing from any international
obligations the Bahamas may
have or is seeking to be a party
to, in connection with data pro-
Other features of the website
are a section on frequently
asked questions: guidance on
how to lodge a complaint and
information on identity theft.

"This website is intended to
provide information on the law
and offer a useful point of ref-
erence and guidance, while ful-
filling its mission to protect and
promote the privacy rights of
individuals," Mr Laing said
The website can be accessed
at www.bahamas.gov.bs/dat-




Government vows to

address Green Turtle

Cay power shortages

Move to find other sources of energy

and increase generation capacity

GREETINGS, SIR: Prime Minister Hubert Ingraham (left) is greeted, at the 5th annual Island Roots Heritage
Festival's "evening of Bahamian elegance" fundraiser and silent auction by chairperson of the Island
Roots Heritage Festival, Karen McIntosh, and her husband Luke.

* By Matt Maura
Prime Minister Hubert Ingra-
ham assured residents of Green
Turtle Cay that he will "solve
the problem" of the continuous
power cuts that have plagued
the island for more than a year.
Mr Ingraham said he will
accomplish this goal before he
leaves office, "God willing".
The prime minister said the
government will undertake a
number of measures to ensure
residents have a reliable and
dependable source of electricity,
including actively pursuing
alternative sources of energy
and increasing generation
Addressing the 5th annual
Island Roots Heritage Festival's
"evening of Bahamian ele-
gance" fundraising banquet
over the weekend at the Green
Turtle Cay Club, Mr Ingraham
lamented the fact that the gov-
ernment "has been so disap-
pointing" in delivering reliable
and dependable power to the
The prime minister said he is
particularly disappointed, as he
was "very much involved" in
getting rid of the private
provider of electricity in Green
Turtle Cay.
"We know what the demands
are, I have no excuse to give

you other than to assure you
that before I leave office, God
willing, we will solve the prob-
lem," Mr Ingraham said to a
round of applause.
He said the government plans
to install a new electrical line
from the mainland, increase the
generation capacity as soon as
possible, and do "what is nec-
essary to rid us of this plague."
"I might also say that we are
actively pursuing alternative
sources of energy solar and
wind energy generation which
may assist in reducing our pre-
sent complete dependency on
fossil fuel for the generation of
electricity," Mr Ingraham said.
He said the government has a
number oA other plans on
stream that will lead to the fur-
ther development and advance-
ment of Green Turtle Cay.
These include the construc-
tion of a new subdivision and
the delivery of piped potable
water from the mainland, as
well as upgrades to the airport
and terminal facilities at Trea-
sure Cay.
Prime Minister Ingraham told
those gathered that the FNM
government will not create
"employment demands beyond
our capacity" in Abaco, nor
place "unsustainable demands
on the physical resources of our

Mr Ingraham applauded the
organizers of the Island Roots
Heritage Festival for launching
and sustaining "such a fine
example" of how persons from
various ethnic and financial
backgrounds can live and work
together harmoniously for gen-
"Heritage Festivals are
important because they place
the spotlight on the best of our
culture, highlighting our rich
history, strong spiritual values
and traditional hospitality." he


Students advised on scholarships,

loans to further their education

* By Llonella Gilbert

Students wishing to further their education
were advised of the various scholarships and
loans offered by the government at a youth forum
hosted by the Bahamas National Youth Council
and the US Embassy.
Reginald Saunders, assistant director of edu-
cation in the Government Scholarships and Loans
Division of the Ministry of Education, said the
government issued over $16 million in scholar-
ships and loans last year.
"That is a testament to the commitment the
government has to ensure that as many of you as
possible are able to study locally as well as abroad
to further your educational endeavours."
He explained that under the Guaranteed Loans
Programme, the most popular scholarship scheme
offered by the ministry, students only have to
pay the interest on their loan each year while
they are in school.
Mr Saunders also noted that the government
has reinstituted a 50 per cent subsidy, so recipients
only have to pay $30 a month.
"That is the best deal in town," he said. "You
begin paying back the principal along with the
interest upon completion of your studies and you
have 15 years to pay that off."
He noted that there has been "a lot of talk"
about defaulted loans and said it is very important
that those who take advantage of the programme
fulfil their obligations.
"It is a loan programme, which means you have
to pay it back.
"The only way you will benefit and your chil-
dren will benefit is if those who are currently in
the programme repay their loans."
Mr Saunders noted that two years ago, the gov-
ernment instituted a National Scholarship Pro-
gramme which includes three types of scholarship.
The first is the National Merit Scholarship Pro-
gramme, which is a $25,000 scholarship to any
four-year institution. Recipients receive $25,000
every year for four years and seven or eight of
these scholarships are given each year.
He said the ministry also offers the National
Technical Scholarship, which is a $10,000 award to
any institution, and the National Academic Schol-
arship which is for students studying academic
Mr Saunders explained that the government
also offers a Teachers' Education Grant and
national bursary awards programmes to attend
the College of the Bahamas (COB). Recipients of
these programmes also get a stipend.
In order to apply for these awards, candidates
must have five BGCSEs with grade C or above,
including math and English.
Mr Saunders said the government also gave
COB $1 million to help support other deserving

NASSAU, The Bahamas Reginald Saunders,
assistant director of education in the Government
Scholarship and Educational Loans Division, talks
to students about the various scholarships and
loans offered by the government.
students. The Gerace Scholarship programme is
another full scholarship offered by a network of
24 universities in the US.
He explained that the institutions pay for
tuition and the government pays for room and
The Gerace Research Centre is located in San
Salvador and scientists use it to conduct marine
In exchange for use of the centre, the 24 schools
made an agreement with the government that
led to the creation of the scholarship.
Mr Saunders said the Ministry of Education
partners with the Lyford Cay Foundation for the
All Bahamas Merit Scholarship, which is a $35,000
The assistant director told students to consider
attending COB or other local colleges in an effort
to cut down on expenses.
He also encouraged students to choose careers
that are not only enjoyable, but also allow them to
earn a good living.
"The cost of living is constantly going up: we
have students in the loan programme that spent
over $80,000 over a four year period to do a par-
ticular field of study and they come home and
they make X amount of dollars, which cannot
support a loan payment," Mr Saunders said.
He also told students not to wait for an accep-
tance letter before applying for any of the schol-
"We must have your application in before the
deadline," he said.
"The acceptance letter could come later. With
most schools you may not get an acceptance let-
ter until August.
"So, get the application in with all of the infor-
mation and we will give you the award pending
the receipt of your acceptance letter.'"

"I might also say that we are
actively pursuing alternative
sources of energy solar and
wind energy generation -
which may assist in reducing
our present complete depen-
dency on fossil fuel for the
generation of electricity."

Hubert Ingraham

MINISTER of Lands and Local Government Sidney Collie (left) and Min-
ister of State for Public Utilities Phenton Neymour arrive for the 5th
annual Island Roots Festival's "evening of Bahamian elegance".





@ world school

St Andrew's School, The International School of The Bahamas, an authorized
International Baccalaureate (IB) World School, invites applications from qualified and
experienced Bahamian candidates for the following teaching vacancies, with effect from
August 2008. Full information regarding the school may be found at its website: www.st-
Candidates should be qualified teachers who possess the necessary academic qualifications
for the positions) for which they apply, including a teaching qualification and a bachelor's
degree, and normally need to have a minimum of two years successful school-based
experience. Desirable qualifications, in addition to those specified for individual posts,
are that teachers have successful experience in an independent and/or international school
and an advanced degree. Applications from candidates able to coach team sports or
advise school clubs and activities are particularly welcomed. Secondary (i.e. middle and
upper) school teachers will be expected to undertake the responsibility of a homeroom.
Please note that applications received from non-Bahamian candidates will not be considered
at this time, although permanent residents with the right to work are invited to submit their
papers for future consideration. Applications from candidates living outside The
Commonwealth of The Bahamas will not be acknowledged or considered at this stage
of the recruiting process. If the school is unable to recruit any position locally, it will
advertise internationally in January.
Physical education: Years pre-school to 13 responsibilities. Candidates must have
successful experience in coaching years 7 to 13 in at least three of the following sports:
baseball/softball; basketball; soccer; track and field; volleyball. Swimming/WSI certification
would be welcomed.
The school is authorized to teach the Primary Years Programme (PYP) of the International
Baccalaureate Organization. Candidates for all posts in the primary school should be
committed to the principles of, and preferably trained in, the PYP. Applications are warmly
welcomed from teachers who are committed to an inquiry-based pedagogy but who have
not yet had the opportunity to teach in a PYP school.
Homeroom teachers: Class sizes range between 15 and 20.
Primary School Spanish (part-time): Candidates should be familiar with the ACTFL
standards and able to work as a contributing member of a school-wide team.
The school offers its own middle years programme in years seven through nine and the
BGCSE in years 10 and 11 (grades 9 and 10). The school is authorized to teach the
Diploma Programme (DP) of the International Baccalaureate Organization in years 12 and
13 (grades 11 and 12).
Biology: Candidates for this post must be qualified to teach biology to pre-university level
and be familiar with the demands of the International Baccalaureate diploma programme.
Candidates should also be able to offer either chemistry or physics at BGCSE/IGCSE
Chemistry: Candidates for this post must be qualified to teach chemistry to pre-university
level and be familiar with the demands of the International Baccalaureate diploma
programme. Candidates should also be able to offer either biology or physics to
English: Successful experience in teaching English to IB level is required for this post.
Candidates for this post must be qualified to teach to pre-university level and be familiar
with the demands of the International Baccalaureate diploma programme. Successful
BGCSE/IGCSE and SAT 1/SAT II experience is also essential.
Mathematics: Candidates for this post must be qualified to teach to pre-university level
and be familiar with the demands of the International Baccalaureate diploma programme.
Successful experience in teaching calculus to AP and/or IB level is preferred for this post.
Successful BGCSE/IGCSE and SAT 1/SAT II experience is also desirable.
Drama: Candidates should be able and willing to teach up to IB theatre arts level and
possibly coordinate musical and drama productions throughout the secondary school.

Information technology: Years pre-school to 13 responsibilities in integrated technology,
promoting the concept of "computer as tool" across all ages and curriculum areas, as
well as teaching in years 10 through 13. Must be experienced in teaching computer
science at IB diploma level.
Middle school home room and core teachers: Middle level educational qualifications,
experience working with early adolescents and a familiarity with the philosophy of middle
schools are required from applicants for these posts. Applicants may also be required
to teach BGCSE courses up to year 11.
At least two of the successful applicants will have documented successful experience in
teaching English in years 7 to 9 and will be able to offer English and one of the following
- PSE; IT & Social Studies; art; drama possibly to BGCSE level.
Another successful applicant will have documented successful experience in teaching
general science in years 7 to 9 and will be able to offer any combination of biology,
chemistry and physics at BGCSE level. It he/she could also teach mathematics that would
be useful.
Mathematics and special needs (part time post): Candidates must have successful
experience in teaching in both areas.
NB: One successful candidate from all the posts offered will be able to offer the
teaching of the Theory of Knowledge course at IB diploma level. Another will be
able to offer the teaching of psychology at IB diploma level
Interested candidates should apply to the school's principal, Mr. Robert Wade, by letter,
email or fax as soon'as possible. All applications MUST include the following:
* letter of application
* a personal statement detailing the candidate's educational philosophy
* a full curriculum vitae,
* either the names, addresses, telephone numbers, fax and email numbers of three
people who may be approached for confidential professional references or the
name and address of the recruiting agency from which the candidate's confidential
dossiers may be obtained.
Information on the teaching posts offered may be obtained from the heads of the schools
by email or fax only.
Frank Coyle, Head of the secondary school:
Email: Frank.Coyle@st-andrews.com
Fax: (1 242) 324 0816
Allison Collie, Head of the primary school:
Email: Allison.Collie@st-andrews.com
Fax: (1 242) 324 0816
Bob Wade
St Andrew's School
P O Box EE 17340




ALL SMILES: Undersecretary in
the Ministry of Health and
Social Development Michael
Turner (left) presents the Best
Kept Yard Award to Helen Bar
of Bel Air Estates, during the
Bahamas National Pride Associ-
ation (BNPA) Awards Ceremony
at the Association's Fort Char-
lotte office. Also pictured is
BNPA chairman Olvin Rees.

and stakeholders from the
Bahamas National Pride Associ-
ation Awards Recognition Cere-
mony pose for the camera.


SCIOUS: Undersecretary in the
Ministry of Health and Social
Development Michael Turner
presents Sam Duncombe the
Most Environmentally Con-
scious Award.

PHOTOS: Patrick Hanna/BIS

Email: Bob.Wade@st-andrews.com
Fax: (1 242) 364 1654
The closing date for applications is 31 January 2008. Applications from unqualified
candidates, applications arriving without the full information requested, applications from
outside The Commonwealth of The Bahamas or applications received after this date will
nut oe considered



* ',: -" i



they entered into a five-year con-
tract and then they told the rental fees for the bleachers to
Bahamian people *At the end of be used for the Christmas and
the contract you will own the New Year's parades.
bleachers.' The Canadian company, Tow-
"The fact is, this is the final er Events Ltd, was contracted by
year of the live-year contract and former Minister of Culture
at the end of these exercises the Neville Wisdom to provide and
government will still not own the erect the bleachers. The former
bleachers, that is the contradic- minister said publicly that he
tion and it represents the hoped the investment would
hypocrisy (of the opposition)." result in a return of more than
The former administration half a million dollars in profits
came under heavy fire for spend- amidst allegations that he had
ing $1 million in 2002 for the made the agreement without pri-

FROM page one Pinewood
mentary Commissioner Errol
Bethel, one or two revising offi- question. Mr Davis even suggested
cers and another witness or two. that Mr Reckley lived in Fort
As the attorneys updated the Charlotte, rather than Pinewood,
court on the remainder of their at this time. Mr Rolle rejected this
respective cases, Senior Justice suggestion. He said that they lived
Anita Allen let it be know that the together on Jumbey Street, empha-
court will end the testimony phase sizing that they have lived togeth-
of the case today. er for almost two years.
While discussing issues sur- Mr Davis then suggested that
rounding the final submissions, Mr the two only lived together after
Barnett also informed the justices they found a more comfortable
that he will be prepared to present place after Pinewood. Mr Rolle
his written submissions by said this suggestion is incorrect.
Wednesday night. Mr Davis, and Mr Davis further pressed the issue
Dawn Lewis, attorney for Herbert referring to the small size of the
Brown, Presiding Officer of the one bedroom efficiency for the two
Pinewood constituency, said they individuals. To this Mr Rolle asked
will not be able to submit theirs as Mr Davis what his point was.
early as Mr Barnett. Agreement Mr Davis ended the cross-exam-
was then reached that written sub- nation stating that he'll just "leave
missions would be presented by that" in relation to the line of ques-
Thursday. tioning.
During a discussion between the Linda Sands was also called by
parties, Senior Justice Allen and Mr Barnett. Ms Sands gave her
Mr Barnett expressed a desire to residence as Nassau Village, where
have the case concluded this week. she said she has resided since Octo-
After considering the status reports ber last year. In a similar fashion to
of each of the parties, Senior Jus- witnesses called by the PLP, Ms
twice Allen said that Mr Barnett will Sands pointed to an area outside of
make his final oral submissions on the constituency boundaries on the
Thursday, and Mr Davis will make court map, when asked by Mr Bar-
his on Friday. nett.
Mr Barnett called several wit- Mr Barnett called some eight
nesses earlier in the day, as he pre- witnesses in total, informing the
sented Byran Woodside's case. court that he will not proceed with
This included Jamal Rolle, who evidence against the names of
was questioned about the man he some 10 names on the FNM list.
lives with, Jamal Reckley. Mr Monique Saunders, the mother
Reckley is being challenged by the of Antoine Saunders who is being
PLP. challenged by the PLP, also test;
Mr Rolle, 28, told the court, fied yesterday, stating that her son
while being questioned by Mr Bar- resides with her in Pinewood,
nett, that he is a preacher at the despite spending time with his
Free at Last Ministries, and he cur- grandmother on Raymond Road.
rently lives with Mr Reckley on Mrs Saunders explained that her
Palm Breeze Road, off Carmichael sister lived with her mother until
Road. Previous to this, Mr Rolle 2005 before moving out. Her uncle
said they lived together on Jum- then moved into the house, but
bey Street, Pinewood from Sep- died of cancer in August 2006.
tember 2006 to April 2007, while Antoine then went to Raymond
being cross-examined by Mr Davis. Road she said, spending every oth-
Before the men moved in er night there. He spent even more
together, Mr Rolle told the court time there after March 2007. she
he lived with his sister off Hay added.
Street. while Mr Reckley lived in Senior Justice Allen asked Mrs
the Fort Charlotte area. Saunders to explain what she
Mr Davis pressed Mr Rolle ask- meant by more time, to which she
ing him if Mr Reckley really lived replied, three to four times a week
with him in the one bedroom effi- after her uncle died.
ciency in Pinewood, or if Mr Reck- Election court resumes at 10
ley just visited during the period in o'clock this morning.

or Cabinet approval. Instead,
there was a $1.8 million loss for
the 2002/2003 parades.
It was reported that before

2002 government temporarily
borrowed bleachers from various
sources with transportation costs
amounting to $109,520.

FROM page one

Detence force Ofnfcer

female passenger, were thrown from the notlorcycle. Mr Smith si
trained severe injuries and died at the scene.
The female passenger was taken to Princess Margatcl I li! :.
She is listed in "serious condition.
The 21-year-old driver of the Nissan, registration um icr I3 l.ii 7
escaped the accident unharmed.
In addition to investigating the circumstances surrounding this it-
est traffic fatality police are also searching for suspects in the e;-, '
a shooting that occurred at around 7am on Satlurda)
Police reported that a 31-year-old man was standing at a bus stop :
Robinson Road when another unidentified nman approached him.
The unknown man produced a firearm and started shooting atl h. 1
year-old, hitting him in his right leg.
The victim was taken to hospital to tircciuI li.
His condition is listed as not life threatening.

Two men missing at sea feared dead

FROM page one

around I lam. When the boat capsized, three of the men were able
to swim back to shore by nightfall, the other two have not been
Thelma Knowles, mother of Graham Knowles, told The Tri-
bune yesterday that her son cannot swim and has no experience with
boats. She said that she can now only hope and pray that he is
returned to her safely.
Director of Bahamas Air Sea Rescue Association's (BASRA)
head office Chris Lloyd reported that the men's boat was discovered
yesterday off the coast of Yamacraw, but that there was no trace of
two missing men.
Mr Knowles and Mr Blatch, together with three other men -
including the boat's owner Omar Roberts were testing the 26-foot
Formula vessel off Yamacraw on Sunday morning.
Mr Lloyd said that the information was that the five men let the
boat into the water off the Yamacraw ramp and then travelled
some three to five miles out.
At some point, he said, the vessel experienced engine trouble.
Mr Lloyd said that reports suggest that the vessel's "plug was
out", that its batteries got swamped and that it consequently lost
There were no life jackets, no flares or any other safety equipment
on board, Mr Lloyd said.
After the three men made it back to shore on Sunday evening
they immediately sounded the alarm and a Defence Force vessel
was sent out to begin the search for Mr Knowles and Mr Blatch.
However, due to inclement weather the search had to be called
off during the night. The search then continued on Monday morn-
ing with Defence Force and BASRA sending out two vessels and
one aircraft.
Search teams alsb met with the boat's owner Omar Roberts to go
over the sea charts and attempt to pinpoint the men's possible
position, taking the current and wind direction into account.
Mr Lloyd said that BASRA yesterday even deployed jet skis to
search areas that could not be reached by larger vessels.
At this point, Mr Lloyd said, it can only be hoped that the men
landed on the south side of New Providence and are currently
making there way through uninhabited bush areas there.


FROM page one

of repeatedly breaking the civil
service rules as they related to hir-
Contributing to the debate on
the compendium of appropriations
bills, the housing and national
insurance minister contended that
in the name of their "Second
Chance programme" which Fox
Hill MP Fred Mitchell has previ-
ously described as one which
allowed "persons without the req-
uisite skills" to be hired onto the
public payroll to then be subject
to the necessary training the
former government "hired anyone
who came" without subjecting
them to proper vetting.
Referring to the tourism police,
urban renewal community police
and school police, Mr Russell said
that these were "illegal forces"
which the PLP "called police"
when "none met the description
of police officers contained within
the police act." .
"They were not real police and
they were not vetted as real police
would have had to have been,"
said Mr Russell in an interview
with The Tribune.
He went on to give a detailed
account of the histories of four par-
ticular individuals hired into these
forces, and other areas of the
public service, between 2002 and
In one case, a man originally dis-
missed from the public service in
2003 and later sentenced to three
years imprisonment for three
counts of stealing, dishonestly
receiving stolen goods and con-
spiracy to commit stealing was
rehired in November 2005 by the
ministry of housing and posted to
an Urban Renewal Office, said Mr
There he was put in charge of
the school supervision programme
a disciplinary programme for
' suspended students from govern-
ment and private schools.
A second person, hired to work
for NEMA in 2004, had previous-
ly been arrested and charged with
possessing firearms, live rounds of
ammunition, and a quantity of dan-
gerous drugs. Later on May 1 2007
she v, as hired to work at the Office
of the Prime Minister for Urban
Renewal, Mr Russell said.
"I do not know what the gov-
ernmc:n was thinking, but I have
to conclude that they were delib-
crately trying to destroy our
youth," he said.
A third individual was arrested
in 1992 for unlawfully carrying
arms and again in 1997 for assault.
"Both matters were dismissed,"

PLP slammed

said Mr Russell, adding however
that since 2003 the man was
employed at Urban Renewal at
the Office of the Prime Minister
and was rehired on May 1, 2.007
- the day before the general elec-
tion, noted the minister.
Another convicted person was
made a "permanent and pension-
able" member of staff despite 12
convictions and "at least two prison
"She had seven different names
and a long history of crime from
1995 to 2007," said Mr Russell,
adding: "I do not know what to
say about this, but this lady did not
have a second chance she had 13
chances from the former Help and
Hope government."
Two other Urban renewal offi-
cers were "shot dead whilst com-
mitting armed robberies." The
"real police officer", said Mr Rus-
sell, later discovered that one of
the armed robbers was wearing a
police issued bullet proof vest at
the time of the robberies.
Later, another "real police offi-
cer" was transferred when she
sought to book two other so-called
"fake officers" she had arrested
for attempting to commit armed
Mr Russell said that he "does
not understand" why "intelligent
and educated men and women"
would break the civil service rules
as they relate to hiring when it
came to these people. He said he
had discovered "several persons
of questionable character" within
his own ministry who had been
hired under the former govern-
"What are we to expect of our
youth when the government is hir-
ing criminals to manage and train
them, to set aside their bad habits,
and members opposite preach such
love and concern for this country
and our youth?" he asked.
Mr Russell accused the former
government of not reporting on
criminal activities committed by
some of these persons in an
attempt to "hide their faults and
Speaking outside the House of
Assembly yesterday afternoon Mr
Russell said that from these "illegal
forces" those "who are qualified"
have now been taken on to
become "proper police officers"
while others whose criminal
records allow have been reassigned
to areas of lesser responsibility
such as "roads and parks." Others
have been dealt with according to
the law, he stated.




FROM page one

FROM page one

the project.
The opponents of the Baker's
Bay development are seeking court
orders to quash all permits and
approvals issued by the Hope
Town District Council and prevent
them from issuing or renewing any
Addressing the press in Guana
Cay on Saturday, Mr Ingraham
said that the Hope Town District
Council has the full support of the
central government over the coun-
cil's decision to approve seven con-
struction permit applications by the
Baker's Bay developers.
Mr Smith said yesterday, how-
ever, said that the,SGCRA is
severely disappointed by the prime
minister's decision to speak out on
behalf of the Hope Town District
Council while the matter is still
before the courts.
The FNM's decision to openly
declare its support constitutes a
case of "raw, political abuse," he
"This is openly flaunting the
judicial system. This is what leads to


Guana Cay
a social breakdown." Mr Si;il'
Mr Smith claimed that Ii'
SGCRA was also dismayed to li i1-
out that since comining to oftlic i
May, the FNM governtnmeit 'gis-
the Baker's Bay development li\
grants for (Crown Land.
However. Prime Minister Inti.r
ham on the weekend explained
that government Iheard and act.d
on several of the SC'RA's c, i:
cerns ahout land "give-away."
Alter hearing some of the cnii
plaints by Ihe Association cIi
cerning the "giving away ,!
Crown and Treasury Land. 1'"T
Ingraham said the decision \\ i,
made that of the 4-0 acres Tic;;. i
Land originally promised to thhe
developers. Baker's Bay will n,'
only end up with ablhout eight ;,it1 ,
on a five- to six-yea] lease ha.
Mr Smith said yesterday tv; .
SGCRA has not heen inloi. i
about this renegotiation. at Jii,-
that the residents of Guan., (','i
will nevertheless he made i
"strangers in their own couli'f:..






Payable to: hAtE

BAHAMIAN FILMMAKER Gustavius Smith displays his cheque for $10,000 after he won the Bahamas Inter-
national Film Festival's Filmmaker Residency Programme award, jointly sponsored by Ansbacher, for his pro-
ject Built for Load at the Atlantis Theatre on Sunday, December 9.

FROM LEFT: filmmakers Phyliss Johnson, Jennifer Sharp and Lia Johnson pose with the New Vision Award
sponsored by Hard Rock Cafe for their romantic comedy I'm through With White Girls at the 4th annual
Bahamas International Film Festival awards ceremony at the Atlantis Theatre


prize puts


filmmaker in the frame

LOCAL Bahamian film-
maker Gustavius Smith was
awarded $10,000 as the win-
ner of the Filmmaker Resi-
dency Programm-e-o-f-the
Bahamas International Film
BIFF's newly installed
Filmmaker Residency Pro-
gramme was established to
award a significant cash prize
to a independent Bahamian
or Caribbean filmmaker
vying for funding on his or
her project.
The prize money will go
directly towards the devel-
oprint and production of

the film.
An honorable mention .was
given to Jason Darcy for his
project Adam's Quest.
-The esteemed group of
Filmmaker Residency advi-
sors presiding over this year's
programme and evaluating
the candidates included
Shoreline Entertainment
CEO Morris Ruskin. film-
maker Lawrence Konner
(Mighty Joe Young), produc-
er Norman Golightly (Ghost
Rider), veteran film festival
director Nicole Guillemet,
and writer/director Susan

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L. 8

Competition winners for
the fourth annual Bahamas
International Film Festival
were announced on Sunday
at an awards ceremony spon-
sored by Chopard and held
at the Atlantis' Resort on
Paradise Island.
The announcements were
made by festival founder and
executive director Leslie
Vanderpool, with special pre-
senter, actor Anthony Mack-
The festival showcased 88
films from 26 different coun-
tries, including 54 features,
several of which are world or

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international premieres and
nearly all Bahamian pre-
The four competition cate-
gories at BIFF are: Spirit of
Freedom: Dramatic: Spirit of
Freedom: Documentary;
New Vision: and Short Film.
The official competition
winners at this year's
Bahamas International Film
Festival were:
* New Vision
The New Vision Award,
sponsored by Hard Rock
Cafe., was awarded to the
romantic comedy I'm
through With White Girls.
from director Jennifer Sharp.
* Spirit of Freedom:
The Spirit of Freedom:
Dramatic Award, sponsored
by Chopard. was awarded to
the drama In The Valley of
Elah, from director Paul
* Spirit of Freedom:
The Spirit of Freedom:
Documentary Award, spon-
sored by Chopard, was
awarded to The Iron Ladies
of Liberia from directors
Daniel Junge and Siatta Scott
* Short Film
The award for Best Short
Film, sponsored by Lombard
Odier Darier Hentsch, was
awarded to Rose from Direc-
tor Hoku Uchiyama.
The Bahamas Internation-
al Film Festival is a non-prof-
it organisation which aims to
provide the local communi-
ty and international visitors
with a diverse presentation
of films from around the
In addition to offering films
that might not otherwise be

released theatrically in the
Bahamas, BIFF provides a
unique cultural experience,
educational programmes and
forums for exploring the
future of cinema.
* About the Winning Films
I'm Through With White
USA / 2006 / 109 mins
Language: English
Director: Jennifer Sharp
Producer: Phyllis Johnson
Screenwriter: Courtney Lil-
Principal Cast: Anthony
Genre: Drama
New Visions Drama
The only black guy in his
indie-rock social scene. Jay
Brooks (30 going on 21) is
witty and opinionated. A sto-
ry board artist by trade, and
sci-fi junkie, he is quite the
sexual overachiever in his
indie rock world. Still, Jay
feels unfulfilled as he watch-
es Drake, a high school bud-
dy, preparing for marriage.
In The Valley Of Elah
USA / 2007 / 144 mins
Language: English
Director: Paul Haggis
Producer: Laurence Becsey
Screenwriters: Mark Boal,
Paul Haggis
Principal cast: Tommy Lee
Jones, Charlize Theron,
Jason Patric, Susan Saran-
Spirit of Freedom
A career officer (Jones)
and his wife (Sarandon) work
with a police detective
(Theron) to uncover the
truth behind their son's dis-
appearance following his
return from a tour of duty in
Iron Ladies Of Liberia
USA / 2007 / 97 mins

Directors: Daniel Junge,
Siatta Scott Johnson
Producer: Henry Ansbacher
Genre: Documentary
Spirit of Freedom
In November 2005, Ellen
Johnson Sirleaf became
Africa's first elected female
president. A former finance
minister known as the "Iron
Lady", Sirleaf quickly
appointed a team of strong
women around her, includ-
ing the Minister of Finance,
the Minister of Commerce,
and the Chief of Police. Iron
Ladies of Liberia follows
these women over the course
of their turbulent first year
in office a year which will
determine the future of their
country. Iron Ladies of
Liberia is a unique look
behind the scenes at the
rebirth of a nation and
democracy in action, under
the steady hand of women
determined to make history
and move their country for-
USA / 2006 / 34 mins ..
Language: English
Director: Hoku Uchiyama
Producer: Michael Silber-
Screenwriter: Hoku Uchiya-
Principal cast: Phillip
Rogers, Kathryn Robinson,
Blaine Miller
Little Travis lives for one
day a year, the day he goes
into the woods to meet his
best friend Rose. Rose, how-
ever, doesn't even know his
name. The ghost of a mur-
dered teenage girl, Rose
returns to the woods once
every year to relive her final
hours. Each year Travis joins
her, not warning her of her
fate. Loving and losing a girl
who will never remember
him takes its toll on Travls.
Now a young man, he realis-
es he not only has the power
to intervene but that h6
should, even if he risks losing
her forever.



The Tribune wants to i.'ar
from people who are
making news i1 their
neighborhoodss, vhaps
you are raising funds to2 *
good cause, campaigning
for improvements in the
area or have won an
If so, call us on 322-1986
and share your story.





Road to City Dump after Premix





In the Valley of Elah is one of 2007's 'top films'


THE best way to teach film-
makers how to make films is by
giving them examples of how
to master the craft, how to per-
fect every aspect of the film-
making process. I find myself
carrying a laptop to nearly every
screening to take down scrupu-
lous notes in order to learn the
structure of film by, well, watch-
ing films.
Aside from Woody Allen's
2005 sleeper hit Match Point
and the Coen brothers' No
Country for Old Men, very few
movies are able to convey a
message and captivate an audi-
ence using the basic principles
of filmmaking: character, plot
and conflict. But, in Paul Hag-

Tommy Lee Jones gives

'Oscar calibre performance'

gis's latest emotional power-
house, In The Valley of Elah,
the two-time Academy-Award
winner proves that he's becom-
ing the quintessential
writer/director in Hollywood
without relying on lucrative spe-
cial effects or raunchy sex
scenes. In fact, Valley has no
overt sensuality, no unneces-
sary profanity, no unexplained
plot twists; it is filmmaking in
the most minimal form.
Tommy Lee Jones gives an
Oscar caliber performance as
Hank Deerfield, a no nonsense
retired military policeman

searching for his youngest son,
Mike (Jonathan Tucker), who
has been listed as AWOL fol-
lowing his deployment from
As the search for his son
becomes more rigorous and less
hopeful, Hank finds himself
clashing with two forms of the
law: the clueless local police and
the headstrong military brass..
With the help of a determined
detective, Emily Sanders
(played painstakingly by Char-
lize Theron), Harik delves into
an investigation that he may not
want to solve, asking questions

he may not want answered, dis-
covering that learning the truth
is sometimes easier than facing
In The Valley of Elah also
boasts noteworthy perfor-
mances by Susan Sarandon,
James Franco, Jason Patric,
Josh Brolin, Wes Chatham and
Jake McLaughlin; all of whom
bring life and dimension to gen-

erally listless characters. The
entire cast of Valley performs
as if they all have secrets, refus-
ing to give other characters the
satisfaction of knowing what's
on their mind.
Winner of this year's Spirit
of Freedom: Dramatic Award
at the 4th Annual Bahamas
International Film Festival, In
The Valley of Elah is easily one

of the top films of 2007 and is
sure to garner even more gold
come Oscar time. It's a shame
that the screening for this film
was so poorly attended at the
festival; up-and-coming film-
makers could have learned a
thing or two from Haggis arid
his brilliance.
Maybe next time I won't be
the only person taking notes.

S _,. .

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.i/, PAGE 11


PAGE 1 TU ESD AY, .. DR 20 0R -I. E-. ..i.A EWS

PICTURED (LEFT TO RIGHT) ARE: Jean Hanna, third place; Cardinal Woods, principal, West End Prima-
ry School; Davan Poitier, winner; Bob Van Bergen, vice president and general manager of Old Bahama
Bay at Ginn sur Mer; and Clarissa Smith, second place.

Student designs winning

card for Old Bahama Bay

Bahama This year's holiday
greeting card sent out by the
executive team of Old
Bahama Bay at Ginn sur Mer
was designed by a fourth
grade student of West End
Primary School.
The resort invited students
of the nearby school to let
their imaginations run wild
and submit designs for the
resort's holiday card which is
sent annually to clients and
past resort guests.
Faculty and students sprung
into gear, submitting more
than 30 designs to the contest
panel of judges, who are mem-
bers of the resort's executive
In a special assembly held
at the school, Bob Van
Bergen, vice president and
general manager of the resort,
announced the winner and
Fourth grade student Davan
Poitier, 8, was chosen as the
winner. His piece portrays the
brilliant sunshine and blue
waters of the Bahamas with

Davan Poitier winner

of resort contest

the national flag at the centre
of the design, flanked by two
candy canes and bearing a
simple message: "Merry
Christmas from the
Fifth grade student, Clarissa
Smith and fourth grader Jean
Hanna placed second and
third respectively. Mr Van
Bergen commended the stu-
dents for their creativity and
presented cash prizes of $100,
$50 and $25.
"At Ginn Resorts, we
recognize that the holiday sea-
son is all about children and
family," said Mr Van Bergen.
"We were so pleased to get
the local children involved in
creating our holiday greeting
card. It was great to see the
creativity and thought that
went into each and every
The recipients could barely
contain their joy as they
explained how they would use
their prize money. "When he
called my name, I thought,
'Wow. I'm going to use the
money when I go away for
Christmas'," said eight-year-
old Jean. "I'm going to use my
$50 to buy gifts for my fami-

ly," chimed in Clarissa. Davan
said he would use his prize "to
buy lunch for the rest of the
school year."
Cardinal Woods, principal
of West End Primary School,
expressed his gratitude to Old
Bahama Bay at Ginn sur Mer
for creating the competition.
"This has been quite an inno-
vative adventure and it will
surely boost the creative inter-
ests of our students. Now they
can see how participating in
events like this pays off in a
big way," Mr Woods.
Ginn Resorts is currently
developing Ginn sur Mer, a
2,000-acre resort community
adjacent to Old Bahama Bay
that will contain more than
4,400 condominium and hotel
units, nearly 2,000 single fam-
ily residential home sites, sig-
nature golf courses designed
by Jack Nicklaus and Arnold
Palmer, clubhouses, two large
marinas, a private airport, a
Monte Carlo-style casino,
water and swim pavilions, a
beach club and a spa.
The $4.9 billion Ginn sur
Mer development will serve
as Ginn Resorts' flagship
Caribbean development.

'2 r uj .i1 ,

rj BtIra.

AI Gore basks in Nobel glory

seven years after reading his

'political obituary' in loss to Bush
* OSLO, Norway -. .
HE SUFFERED through a divisive
loss in an oh-so-close bid for the U.S.
presidency, according to Associated
But on Monday, Al Gore basked in
the vindication of receiving the Nobel
Peace Prize for his campaign against
global warming.
"Seven years ago ... I read my own
political obituary in a judgment that
seemed to me harsh and mistaken if
not premature," Gore said in his accep-
tance speech, two days short of the
anniversary of the 2000 Supreme Court
decision that put George W. Bush in
the White House.
"But that unwelcome verdict also
brought a precious if painful gift: an opportunity to search for fresh new
ways to serve my purpose," Gore added.
The former vice president shared the Nobel with the Intergovern-
mental Panel on Climate Change for sounding the alarm over global
warming and spreading awareness on how to counteract it.
The U.N. panel was represented at the ceremony by its leader, Rajen-
dra Pachauri.
Gore's name is now etched in Nobel history among the likes of Mar-
tin Luther King Jr., Nelson Mandela and Mother Teresa.
Already an Oscar-winner for his climate-change documentary, "An
Inconvenient Truth," Gore has found the peace prize giving him an even
larger platform to spread his message about global warming and the need
to rein in emissions of carbon dioxide and other greenhouse gases.
"I am under no illusions that there is any position in the world with as
much potential for influencing the future as that of president of the
United States," he told The Associated Press before accepting the
"But that was not to be, and I am grateful I have found a way to play
a useful role in helping to form the world's resolve to solve this crisis."
In his Nobel acceptance speech, Gore urged the United States and Chi-
na the world's biggest emitters of greenhouse gases to take the lead
on climate change "or stand accountable before history for their failure
to act."


Tel: 393-4043

Open tonight
until 9p.m.

ft's G





..., i;.. ,

)~r~ :! urnmm~


Tel: (242) 356-7764

Tel: (242) 351-3010

Sir Jack moves

to disqualify

Fred Smith

Tribune Business Editor
Sir Jack Hayward
and other defen-
dants in the Grand
Bahama Port
Authority (GBPA)
ownership fight have filed sum-
monses seeking a court order
to disqualify attorney Fred
Smith from representing the
late Edward St George's
estate, on the grounds that as
the GBPA's former outside
counsel with access to its files,
he has a "conflict of interest".
The move, made separately
by Sir Jack, Intercontinental
Diversified Corporation (IDC)
- the GBPA and Port Group
Ltd holding company and
Fiduciary Management Ser-
vices, adds a new twist to the
ownership battle at a time
when potential buyers are cir-
cling with offers to acquire the

two entities.
Andre Feldman, Sir Jack's
attorney, confirmed to The Tri-
bune yesterday: "We filed the
summons in October, and we
filed and served the affidavit
on Friday. Some time in Janu-
ary or early February, we will
be going before Justice Neville
Adderley to have that sum-
mons heard."
In an affidavit filed with the
Supreme Court on December
7, 2007, Sir Jack alleged that
his business partner, the late
Edward St George, had sug-
gested that they hire Mr Smith
and Callender's & Co as their
outside attorney in 1984
because "it was better to have
Fred Smith fighting from with-
in our tent rather than have
him fighting from outside of
our tent".
Sir Jack alleged that Mr
Smith received an annual
retainer of $100,000, exclusive

of billings, "which averaged
about $1 million to $2 million a
In addition, Sir Jack alleged
that he and Mr St George
"referred most potential
licensees coming into Freeport
to do business with Fred Smith
and Callender's & Co".
Then, Sir Jack claimed that
Mr Smith failed to repay a
$300,000 loan made to him by
Carrick Ltd, a Port Group sub-
sidiary. According to Sir Jack,
Mr Smith alleged that Mr St
George had agreed that the
debt be forgiven before he
died, yet he insisted that the
GBPA's current receivers,
Clifford and Myles Culmer,
collect the loan.
He claimed in his affidavit:
"I also agreed to Carrick Lim-
ited making a loan of

See FRED, page 3

'Market' Port

Group to

the world

Tribune Business Editor
THE Grand Bahama Port
Authority's (GBPA) feud-
ing shareholders should end
all litigation and hire an
investment bank to either
market the entire group or
some of its productive assets
to major global investors,
the attorney for one side
told The Tribune yesterday.
Reiterating that his clients were still com-
mitted to separating the GBPA's governance,
quasi-governmental and regulatory powers
from Port Group Ltd's private, profit making
activities, Fred Smith, attorney for the late
Edward St George's estate, suggested that
ending the litigation with the Hayward fami-
ly and marketing the GBPA to worldwide
investors remained the best approach to
developing Freeport.
"If we could end the litigation, the sensible
approach to developing Freeport for the long-
term is for the Port Group of Companies to

contract with a major investment bank anm
then to either market the entire package o:
different aspects of the companies to
"If we went to market, there would be a
wide range of legitimate, competent investors.
It wouldn't be seen as a fire sale."
Mr Smith's comments came as Tribune
sources revealed that Prime Miniister Hubert
Ingraham has become increasingly warm to
efforts by Fleming Family & Partners, the
wealth management institution headed by
Roddie Fleming, to acquire the GBPA and
Port Group, and buy-out both the existing
The Prime Minister is understood to view
Fleming as having the potential to bring fresh
ideas and investment to the table, offering
Freeport a new perspective and vision for its
future development.
Fleming has an agreement in principle with
the Hayward family trusts to acquire their
shares in Intercontinental Diversified Cor-

See PORT, page 4

Bahamas' WTO push to

start 'as soon as possible'

Tribune Business
COLINA Holdings
(Bahamas), the BISX-listed
parent for Colinalmperial
Insurance Company, is tak-
ing a dual approach to com-
bating the increasing medical
claims that propelled it to a
$2.706 million third quarter
loss, moving to control costs
and raise premium prices for
all group medical policies by
With medical claims some
$8.2 million higher for the
first nine months of 2007
compared to the same period
last year, Monty Braithwaite,
Colina Holdings (Bahamas)
president, pledged that the
life and health insurer would
be "far more vigilant" on
medical insurance product
pricing and monitoring of
claims going forward.
"The bottom line is, we're
fixing it," Mr Braithwaite
He added that Colinalm-
perial's ongoing integration

process, as it sought to merge
the four legacy companies -
Colina, Global (Bahamas),
Imperial Life and Canada
Life into one following a
string of acquisitions begun
in 2002, was "going well",
despite concerns expressed
by a number of analysts and
"The only hiccup in 2007
has been the preponderance
of medical claims," Mr
Braithwaite said.
Some, though, have ques-
tioned to The Tribune, fol-
lowing the announcement of
Colina Holdings (Bahamas),
three-month and nine-month
results and the company's
losses, just how well the inte-
gration process was going,
and whether management
had a complete grip on what
was happening.
There are also concerns
about whether more issues
may come to light, given that
Colina Holdings (Bahamas)
attributed many of the prob-

See GROUP, page 6

Tribune Business Editor
Bahamas will
restart the
process for
full World
Organisation AW
( WTO ) 113
"as soon as
possible", the minister of state
for finance telling The Tribune
that this nation's Memoran-

Memorandum of Trade regime 'as near
to completion as it has ever been'

dum of Trade regime was "as
near to completion as it ever
has been".
Zhivargo Laing said that
while the Bahamas would not
submit the Memorandum of
Trade regime to the WTO's
Geneva headquarters before
year-end, work on preparing
the document the submission
of which starts the accession
process was "fairly

"I would say that it's as near
completion as it ever has
been," Mr Laing said of the
Memorandum of Trade
"We still have not put the
final touches on it, so that it
could be presented to the Gov-

See WTO, page 6

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patio and lots of storage. US$2,950,000. NEW LISTING.
Richard.Sawyer@SothebysRealty.com 242.424.9792

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rColina nceain



with a majority of the pub-
licly traded companies seeing
some activity in their securi-
ties. A total of 80,352 shares
changed hands, with 15 of the

International Markets

Weekly %Change

CAD$ 0.9953 -0.46
GBP 2.0317 -1.27
EUR 1.4658 -0.17

Weekly %Change

Crude Oil $88.28 -0.48
Gold $800.20 1.41

International Stock Market Indexes:

Weekly %Change

DJIA 13,625.58 1.90
S & P 500 1,504.66 1.59
NASDAQ 2,706.16 1.70
Nikkei 15,956.37 1.76

Fidelity Bank (Bahamas) Limited



The Board of Directors of Fidelity Bank (Bahamas)
Limited is pleased to notify all shareholders that based on
un-audited financial results for the six month period
ended September 30, 2007, a dividend of $0.02 per
ordinary share has been declared to be paid on December
21, 2007 to all shareholders of record as of December 17,

* By Royal Fidelity Capital

IT was an active week in
the Bahamian stock market,

19 companies being traded.
Commonwealth Bank
(CBL) continued to lead the
pack in volume, with 31,030
shares being traded, account-
ing for 39 per cent of the total
volume. CBL also continued
its upward price trend,
increasing by $0.70 a share to
close last week at a new 52-
week high of $7.92.
The other big advancer for
the week was JS Johnson &
Company (JSJ), which rose
by $0.95 to close the week
out at $11, also a new 52-
week high. Also closing'the
week at a new 52 week high
was Fidelity Bank (Bahamas)
at $2.65 per share.
The FINDEX continued its
upward climb last week,
increasing by 19.25 points or
2.1 per cent, week-over-
week, to close at 932.83.
Year-to-date, the FINDEX is
up 25.7 per cent.

Colina Holdings (CHL)
released its third quarter
results this week, reporting a
net loss for the nine months
ended September 30, 2007, of
$2.6 million, compared to
$2.85 million in net income
for the comparable period in
the prior year, a change of
$5.5 million.
CHL management attrib-
uted the losses in the period
to higher claims on its indi-
vidual and group medical
policies than anticipated.
Total revenues increased
by $5.2 million, while total
expenses were up $10.6 mil-
lion. Higher net benefit
expenses of $9.4 million, peri-
od-over-period, outpaced
higher premium revenues of

The Bahamian Stock Market

FINDEX 932.83 YTD 25.70%


$3.2 million.
Earnings per share of -
$0.07 declined from $0.16 the
previous year.
Total assets and liabilities
were up slightly from year-
end amounts by $4.1 million
and $4.9 million respectively.
CHL's term deposits
decreased by $8.7 million,
with such deposits being
transferred to long-term
investments, in the compa-
ny's attempts to get higher
yields on such deposits.

Abaco Markets (AML)
reported net income of $1.5
million for the three quarters
ended on October 31, 2007,
up from losses in the same
period last year of $3.6 mil-
AML's net operating profit
for the nine months increased
by $2.2 million in the 2006
third quarter, due primarily
to higher gross profits of $2.5
million. Sales revenues
increased by $6.3 million,
while the cost of sales
increased by $3.9 million.
On the expense side, sell-
ing, general and administra-
tion expenses were consistent
with the 2006 third quarter,
increasing by $350,000, while
restructuring charges
declined by $1.9 million over
the period,
AML's total assets at Octo-
ber 31, 2007, were $25.5 mil-
lion, while total liabilities
were $16.3 million. Total
assets declined by $3.8 mil-
lion, while total liabilities
declined by $5.3 million from
year-end January 31, 2007, as
the company continued to
divest some of its holdings
during the year.






2' i ii i

(11111 '.


ICD has declared dividends of $0.10 per share, payable
on December 14, 2007. to all shareholders of record date
December 3, 2007.

FCL has declared dividends of $0.02 per share, payable
on December 11, 2007. to all shareholders of record date
November 30. ,'.

.* CBL has declared dividends of $0.04 per share, payable
on December 31. 2007. to all shareholders of record date
December 14. 2007.

FIN has declared ordinary di\ idcnds of S0.13 per share
and special dividends of $0.05 pci shaice. payable on
December 18. 2"i to all shareholders of record date
December 11, it,'.

BBL has declared a special dividend of two cents per
share, with one cent being payable on December 31. 2007.
and one cent being payable on March 31. -',2i, to all share-
holders of record date December 21. 11-.


For the stories behind

the news, read Insight

on Monday




PM: Local


was sidelined

on Baker's

Tribune Business
PRIME Minister Hubert
Ingraham has acknowledged
that the former Christie gov-
ernment took decisions regard-
ing the multi-million dollar
Baker's Bay Golf & Ocean
Club in Nassau rather than let
them be taken at the appido-
priate local government level.
Stating that local govern-
ment will play a stronger role
in the investment, planning and
development process under the
FNM government, NMlr Ingra-
ham said that in several cases
central government in Nassau
had made decisions that ought
to have been taken locally in
the Family Islands.
Mr Ingraham said the ques-
tions raised by the Save Guana
Cay Reef Association over the
approval process for the Bak-
er's Bay Golf and Ocean Club
were legitimate ones.
"It was a legitimate question
whether the central govern-

ment of the Bahamas ought to
have disrespected or disre-
garded the local government
authority in the district of
Hope Town, which comprises
Hope Town, Man'O War and
Guana Cavs." Mr Ingraham
"1 also take account of the

fact that the previous govern-
ment was not particularly in
love with local government, It
was not particularly their thing.
They were very centralised
people, and so to some extent
they may have annoyed some
of the local residents by tak-
ing positions that ought to have
been taken by local govern-
ment authorities.
"But local government is
now very much engaged in the
process, and are making deci-
sions that they are mandated
by law to make. The develop-
ers of Guana Cay are fully
aware of the matters which
must be referred to local
authorities and the matters
which must come to Nassau."
Mr Ingraham's comments
came on the heels of the
launch of the third Judicial
Review filed by the Associa-
tion, challenging the permits
and approvals issued to Bak-
er's Bay by the Hope Town
District Council.
Mr Ingraham also respond-
ed to concerns raised by resi-
dents on whether the island is

FROM page 1

$300,000.00 to Fred Smith for
the development of Smith's
Point Subdivision in Freeport,
Grand Bahama. This loan fell
-into arrears and remained
unpaid for years.
"Mr Smith claimed that
Edward St. George had for-
given the debt shortly before
his death. The receivers were
inclined to write this debt off.
However, upon my insistence,
the receivers recovered this
debt by deducting the out-
standing amount of nearly
$500,000 from the last dividend
payment to the St. George
Sir Jack alleged that in 2005,
upon learning that two of Mr
St George's daughters, Sarah
and Caroline, were alleging

that their father had stolen
their trust funds and were
preparing to sue the GBPA.
he gave Mr Smith in his
capacity as GBPA outside
counsel access to company
files, as well as his personal
files, around April 2005.
Yet Sir Jack alleged that Mr
Smith "became hostile"
towards the GBPA in early
2006, after now-ousted chair-
man Hannes Babak decided to
give some of the organisation's
legal work to Gregory Moss,
or Moss & Associates.
With Mr Smith acting for the
St George estate "against the
GBPA and Port Group Ltd",
Sir Jack said he, Mr Babak and
Mr Moss wrote numerous let-
ters to him arguing that, as the
companies' former outside
counsel, he was "conflicted" in
representing the estate.

Mr Smith strenuously denied
this, but Sir Jack alleged:
"Over the past 23 years, Fred
Smith and Callender's & Co,
as the outside counsel of the
GBPA and its group of com-
panies, would have come into
possession of information con-
fidential to me and the other
"All of the information con-
fidential to me and the other
defendants is being used in a
manner adverse to me and the
other defendants."



to benefit directly from the
millions of dollars in Stamp
Tax that the Baker's Bay
developers, Discovery Land
Company, will pay govern-
The Prime Minister said:
"Abaco is getting its fair share
and will continue to get its fair
share. They ought not have a
view that this money that they
think they are putting in the
Treasury is more than it takes
to run Abaco. It is not. You
will get your fair share. We
know what you need. You've
elected us to govern and you
will wait your turn."

.* 4, N U*A


To: Our Valuable Customers

Please be advised that the office of
N.U.A. Insurance Agents & Brokers
WILL CLOSE at 12:00p.m.
on Thursday, 13 December, 2007.

We shall RE-OPEN
for business as usual at 9:00a.m. on
Friday, 14 December, 2007.

Thank you and we apologize for any
inconvenience that this may cause.


Sir Jack moves to

disqualify Fred Smith

Applicants for the above mentioned post must have a minimum of a Bachelor's dcgrcc
from a recognized University in the relevant subject area and a Post-graduate Certificatc in
Education, or teacher certificate. The ability to teach Advanced Placement courses. a second
language or a second subject would be an asset. A certified copy of the relevant degree
and teacher certificate must accompany the application. The names and relevant contact
information of at least two professional references should also be.listed. Applcanon.s from
unqualified persons and or incomplete applications will not be processed.
The person offered an appointment 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 school is a part.
Queen's College was established in Nassau in 1890 by the Methodist Church and is a mcmbcr
ofthe International Association of Methodist Schools, Colleges and Universities (IAN ISCI)

The completed application together with a covering letter and a recent photograph must
be sent to:

The Principal
Queen's College
P.O. BoxN 7127
Nassau, Bahamas
FRED, from 1
Or faxed to : dlyncha qchenceforth.com


We are seeking an Investment Project Administrator for an international
life science venture fund.

The General Partner of a Bahamas Limited Partnership is seeking an
Investment Project Administrator to assist in the evaluation of investment
opportunities in international markets. The Partnership invests in the
life sciences field and is particularly interested in identifying innovative
approaches to prevent chronic diseases.

The job is specialized and requires that the candidate have a sound degree
in Biology, a minimum of 3 years' hands-on analytical and research
experience. Proven expertise and experience in the development and
monitoring of clinical studies for an international pharmaceutical company,
(preferably in an international context) is paramount. Fluent English is a
prerequisite, other language a plus. The candidate will be based at the
company's office in Nassau.

A competitive salary package commensurate with experience will be

Please reply to Inventages Whealth Management Inc., Cable Beach
Courts Unit #1, P.O. Box N-7532, Nassau or FAX: 225-1307 or EMAIL:
hr.nassautiin cnl.iysj coin for the attention of HUMAN RESOURCES
-Ref: IPA.

The deadline for applications is December 19"', 2007.






NOTICE is hereby given that HEERIA RAMLALL of
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 1ST day of
DECEMBER 2007 to the Minister responsible for Nationality
and Citizenship, PO.Box N- 7147, Nassau, Bahamas.

Intent To Change Name By Deed Poll
The public is hereby advised that I, NAWAKO ROLLE
of Stapledon Gardens, Nassau, Bahamas, intend to
change my name to MAWAKO KIKI ROLLE. If there
are any objections to this change of name by deed poll,
you may write such objections to the Chief Passport
Officer, P.O. Box N-742, Nassau, Bahamas no later than
thirty (30) days after the date of the publication of this


'Market' the Port

Group to the world

PORT, from 1

portion (IDC), the GBPA
and Port Group Ltd holding
company, for $100 million, but
negotiations with the St
George estate have been more
It is understood from multi-
ple sources that the Prime
Minister has been attempting
to prod and push Mr Smith
into attending a meeting with
Fleming in London to discuss
its offer, but Mr Smith has so
far refused to be cajoled.
In the mean time, a rival
$125 million offer has been
made to acquire Sir Jack's
stake in the GBPA and Port
Group Ltd by Hutchison
Whampoa, the Port's partner
in many of Freeport's produc-
tive assets, such as the Grand
Bahama Development Com-
pany (Devco), Freeport Har-
bour Company, and Grand
Bahama Internatipnal Airport
Arguing that the St George
estate realized that they had a
responsibility for Freeport's
future development as a com-
munity, not just their private
interests, Mr Smith said it was
important that any sale of the
GBPA or Port Group assets
to other investors "involves

legitimate planning and reach-
ing out for the best and bright-
est investors who could fur-
ther, in a humane and respect-
ful manner, the future of
He suggested that Port
Group Ltd's ownership base
could be broadened by the sale
of shares to foreign or Bahami-
an investors, with different
companies in which it held a
stake or controlling interest
going public.
Among the industries ripe
with potential for Freeport's
future were the maritime and
energy sectors, medical ser-
vices, the yachting industry,
financial services and tourism,
Mr Smith said.

He added: "Freeport is not
doing that badly, but it hasn't
taken off yet. The St Georges
want to open the door to legit-
imate investors, not close the
doQr or be restrictive. The
estate is talking to a wide vari-
ety of investors, and we are
very excited about the future.
Rather than have a single own-
er of the company, the St
Georges want partners.
"It is the St Georges that

made a commitment to sepa-
rate the regulatory functions
from the private commercial
interests. It can be done in
many different ways, but must
be in careful co-ordination with
the licensees, property owners,
the Government and the Port
"This would be a major step
in the future growth of
Freeport. It will create trans-
parency, legitimacy and
accountability in public gover-
Mr Smith said the St George
estate "appreciates that the lit-
igation casts a negative pall
over the environment for busi-
ness", but said the Hayward
family's decision to exit and
sell to Fleming for $100 mil-
lion had created a problem.
Questioning why the Hay-
wards had not attempted to
sell their shares to the St
Georges, Mr Smith said: "It is
only natural that before the
outgoing partner sells his
shares to a complete stranger,
that the remaining partner, the
St Georges, should have an
opportunity to acquire those
shares. It is not unreasonable
for us to pay what they have
agreed to sell to a third party

"We have offered to buy the
Hayward shares; they have
refused to do that."


The fact that the Haywards
had refused to do so, and had
also rejected Hutchison's high-
er $125 million offer, were
fuelling suspicions that Rick
Hayward, Sir Jack's son, and
Hannes Babak, the ousted
GBPA chairman, were
involved in the Fleming offer,
although this has been strenu-
ously denied.
"We have asked Fleming to
explain who they are; what
their plan is; what they pro-
pose to do; who their partners
are, and they have, as yet,
refused to provide that infor-
mation," Mr Smith said, alleg-
ing that the bid had come from
Mr Fleming and a group of pri-
vate investors, rather than the
bank itself.
"We have never offered to
sell our shares," he added,
arguing that it was unfair for
Fleming to expect to buy the St
George estate out and take
over complete control of the
GBPA and Port Group after
the family's 30-year history in



Wednesday 12th December 2007

Nassau Yacht Club East Bay Street

at 6:00pm
Are you:
Looking to get involved in Community Service Activities?
Expand Your Professional Network?
Have fun with persons your own age?
Between the ages of 18 30?

Then Rotoract is Right for YOU!
Rotoract is a member club of Rotary International
For more information email: rotaractsenc@yahoo.com

AMI WiA QOl* E.*Lh K C OWMe IkoA
gm Om"W BONwom"6ow 964
a~~iesetw es.419 McV B tfawjeflav..
awm C ow copmi a &"snm

Pt 24MW 39I34r.'6: Fw3 2394-7.69. PQOAM PA4W?: rartnV b a lmo
Harbourside Marine is looking for Golf Cart
Technician with experience in Gas
and Electric repairs/service.
Please fax resume to: 394-7659



The public is hereby advised that I, TINA LENA
MARIA ROBERTS, have legally changed my
name by Deed Poll to, TENA MARIA ROBERTS.
The Deed Poll has been duly recorded at the
Registrar General's Office.

Royal Island (Bahamas) Limited


Royal Island (Bahamas) Limited, the developers of the
Royal Island resort and residential project at North Eleuthera
invites suitably qualified individuals to apply for the.
following positions with the company:

Spa Manager
" Must have at least 5 years experience in all aspects of
spa therapies.
* Experience with and knowledge of local spa and beauty
* A commitment to service at the highest level.

Yoga Instructor/Fitness Club Instructor
* Must have experience in fitness club industry.
* Qualified yoga instructor.
* Experience in the tourism field a plus.

Sous Chef
* Must be able to prepare 5 star French cuisines in an
island atmosphere.
* Must have experience in a 4 or 5 star small boutique
restaurant environment.
* Commitment to service at highest level

A la Carte Waiter
* Must have at least 5 years experience as a waiter in a
fine dining atmosphere or highly regarded restaurant
* Knowledge of French inspired cuisine a plus.
* Commitment to service at highest level.

* Must have 5 years experience in a 4 or 5 star hotel or
cocktail bar.
* Must have extensive knowledge of cocktails and wne
* Experience in dealing with high level clientele.
All positions require successful applicants to reside at
North Eleuthera.
Interested persons should submit their resumes with cover
letter to:
Harcourt Management Services Ltd.
P.O. Box N-1991
Nassau, Bahamas
Fax to: (242) 356-4125
Or Email to: info@gomezcorp.com
Royal Island (Bahamas) Limited thanks all applicants for
their interest, however only those under consideration will
be contacted.

NOTICE is hereby given that ERNESTO GONGORA of
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 4TH day of
December, 2007 to the Minister responsible for Nationality
and Citizenship, P O.Box N- 7147, Nassau, Bahamas.

Pricing Information As Of: C FA L'"
Monday, 10 December 2007 ______
BISX ALL SHARE INDEX: CLOSE 2.056 28 / CHG 6.36/% 6.
52wk-Hi 52wk-Low Securit y Previous Close Today's Close Change Daily Vol. EPS $ Div $ P/E Yield
1.66 0.54 Abaco Markets 1.55 1.59 0.04 9,500 0.157 0.000 10.1 0.00%7
11.74 11.00 Bahamas Property Fund 11.65 11.65 0.00 1.502 0.400 7.8 3.43%
9.55 8.00 Bank of Bahamas 9.55 9.55 0.00 0.733 0.260 13.0 2.72%
0.85 0.70 Benchmark 0.85 0.85 0.00 0.188 0.020 4.5 2.35%
3.74 1.72 Bahamas Waste 3.66 3.66 0.00 0.275 0.090 13.3 2.46%
2.65 1.22 Fidelity Bank 2.65 2.65 0.00 0.058 0.040 45.7 1.51%
12.02 9.99 Cable Bahamas 12.00 12.00 0.00 1.030 0.240 11.7 2.00%
3.15 1.88 Colina Holdings 3.15 3.15 0.00 0.031 0.080 101.6 2.54%
8.04 4.13 Commonwealth Bank (S1) 7.92 8.04 0.12 2,000 0.426 0.260 18.9 3.23%
7 22 4.74 Consolidated Water BDRs 6,01 6.01 0.00 0.129 0.050 46.5 0.83%
2 60 2.20 Doctor's Hospital 2.26 2.27 0.01 6,000 0.284 0.020 8.0 0.88%
6.85 5.70 Famguard 6.85 6.85 0.00 0.713 0.240 9.6 3.50%
12.80 12.00 Finco 12.75 12.75 0.00 0.829 0.570 15.4 4.47%
14.75 14.15 FirstCaribbean 14.60 14.60 0.00 0.934 0.470 15.6 3.22%
6 .10 5 18 Focol (S) 5.96 5.96 0.00 0.359 0.140 16.6 2.35%
1 .00 0.54 Freeport Concrete 0.73 0.73 0.00 -0.415 0.000 N/M 0.00%
8.00 7.10 ICD Utilities 7.25 7.25 0.00 0.411 0.300 17.6 4.14%
11.00 8.60 J. S. Johnson 11.00 11.00 0.00 0.991 0.590 11.1 5.36%
10.00 10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00%
FldelltI Over-The-COunter Securities i i .' W '
52wk-Hi 52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS $ Div $ P/E Yield
14.60 14.25 Bahamas Supermarkets 14.60 15.60 16.00 1.160 1.185 13.4 8.12%
8.00 6.00 Caribbean Crossings (Pref) 6.00 6 25 6.00 0.000 0.480 NM 7.80%
0.54 0..'' rPJLC t., J..-., ':' i ':- C,- r.,. 2- 030 0 000 N'M 000'
Collna Over-The.Coaunter Securitl es i 't
41.00 41.00 ABDAB j 1 .:... I ..:. J I 4 450 2 7.50 90 6 70 .
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 1.125 13.4 7.71%
0.55 0.40 RND Holdings 0.45 0.55 0.45 -0.030 0.000 N/M 0.00%
BISX Listed Mulual Funds a .. .' . %'* ,.
52wk-HI F .. .*_:... Fu ..-j N ,r..._. 4 TE, -.;1 1l r.1...Ir.. DI. .. Yiela o,
1.3663 1 i 7 ..... 11 ,r.2,_ r 1 ,rI ., l r..,r,-, 1 -:l '
3.5388 2.9728 Fidelity Bahamas G & I Fund 3 5388***
2.9902 24723 Colina MSI Preferred Fund 2.990218*
1.2827 1 2037 Colina Bond Fund 1.282687'
I1.8192 11 3075 Fidelity Prime Income Fund 11 8192'**
FINDEX CLOSE 932 83 / YTD 25.70% / 2Q06 34.4?%- t dliW'll- ',
BISX ALL SIIARE INDEX 1I D' ;02 1.000 c) MARKLE1 ILERMS YIEL) i *. ,1 ,, , i .., , .A.
52wl Low I owf 1 'lismnl price i In,.I W wook" Ak ;l S3 lliiny pl li ( olin;i ,int( flhlly 30 November 2007
Pr.v. ou .... lo -- .vJi day w ,irhto ipr-i for daily v-flr- [ d1I -r- L-A Id-tI ..ve.r th- coui to pr lico 30 Juno 2007
Today., (C ,o [ r lday' wighlod i ,ric, f ioly volu o Wooikly Vtl I rl dlnJ voi Ih pdl-r woek *" 31 O toiber 2007
Chn,,,,} iChiI, o closin price from day to day EPS $ A conmprnry', reported earnings per share for the Inst 12 miths **. 31 July 2007
D.llly 'v/l Nim ,r of total shares traded today NAV Not Assol Value
DIVP $ yr, -l.ds [)r share paid in Ihe last 12 nonlhs N/M Not Metningful
PIE Cl-'ni |jiL dvldud odby h, last 12 [io111,h iar igs INDEX The Fidelity Bahamas Stock Index January 1, 1994 t 100
(S) -for- 1 Stock Spillt Fffective Uit 8/8/2007
1(S1 -) Ir 1 Stock Split Effective Dato 7/11/2007
TO TRADE CALL: COLINA 242-502-7010 / FIDELITY 2-12-356-7764 / FOR MORE DATA,& I~ '






Tribune Business
THE Government cannot
tell developers where to locate
their projects, Prime Minister
Hubert Ingraham said, but he
expressed confidence that it
would be able to accommodate
the Baker's Bay Golf and
Ocean Club's planning
"If it is possible to tell some-
one where to go and where to
spend money, I may not have
chosen Guana Cay for the site
of the development," the
Prime Minister said.
"The people of Guana Cay
are not in search of jobs; they
think that they have enough
economic activity to sustain
Guana Cay. But I also have
the rest of Abaco and the rest
of the Bahamas to think about,
and people are able to choose
where they want to go."
Mr Ingraham pointed out
that the town planning process
should not be too challenging,
given the very large lot sizes
being developed by Baker's
"Planning will be affected in
terms of changes to planning
rules. They will not affect
places like this where there are
such huge lots. These lots are
an acre or more in size as com-
pared to other developments
in the country, where the lots
are more 40 feet wide and you
; JL * ^ '-,


are talking about thousands of
lot owners," the Prime Minis-
ter said.
"The land here is probably
just under 600 acres, roughly
the size of Paradise Island.
You see what was done on
Paradise Island in terms of
density and facilities, and you
compare that to what you have
here. So any town planning
changes will not impact nega-
tively on a place like this.


There are many other places
where town planning will be
Mr Ingraham, accompanied
by his cabinet ministers Sidney
Collie and Phenton Neymour,
toured the development in
Abaco at the weekend, where
the Government lent its sup-
port to the project, which has
been fiercely opposed by the
Save Guana Cay Reef Associ-


issues for



Credit Suisse (Bahamas) Limited
is presently considering applications for a


We are accepting applications for an Assistant to Relationship Managers in the Private Banking
Department with the following minimum requirements:
* Excellent PC Knowledge
* Applicants should possess a degree (or equivalent) in Business Administration, Finance or
Economics and have Private Banking experience.
The applicant must be fluent in English. French and Spanish would be an asset in order to
facilitate relationship with the clients and prospects.

Reception of clients and prospective clients
Execution of client's instructions
Handling of correspondence, faxes and inquiries
Liaison with the Representative Offices
Preparation of brochures and marketing materials

Strong organization and communication and interpersonal skills
Excellent work attitude
Ability to work under pressure and with minimum supervision
Enthusiasm, a positive attitudeend willingness to work flexible hours

Competitive salary and performance bonus
Pension Plan
Health and Life Insurance

Applications should be submitted to:
Human Resources Department
P.O. Box N-4928
Nassau, Bahamas



must keep abreast of current technologies and prepare appropriate project
plans for infrastructure changes. This person will support staff and
administrative personnel IT needs.

The successful candidate will have a minimum of a Bachelor of Computer
Science or equivalent and a minimum of 5 years experience providing
network systems support. Technical certifications in Microsoft Windows
a plus. Applicants who additionally have experience in Microsoft SQL
server, Crystal Reports, and Platinum BatchMaster software preferred. This
position requires on-call availability 24/7, 12 months a year. This person
must also be able to work additional hours including weekends and must
possess travel documents for outside the Bahamas. If you have excellent
communication and organizational skills and are looking to work in a team
environment developing technology, mail or drop off your resume.



Financial Controller
Our client, a Government Ministry, is seeking applications for the position of
Financial Controller.
Job Objective:
To provide leadership and coordination of the financial planning and budget
management functions and to ensure the Ministry's accounting procedures conform
to the Financial Administration and Audit Act of 1973. The position reports to the
Permanent Secretary.
Primary Duties:
Direct and coordinate the Ministry's financial planning and budget management
Recommend procedures for measuring the financial and operating performance
of divisions and departments.
Monitor and analyze monthly operating results against budget.
Oversee daily operations of the finance department.
Manage the preparation of monthly ministry expenditure reports, financial
outlooks and forecasts.
Prepare financial analysis for contract negotiations and product investment
Work with department managers and corporate staff on business plans for the
Establish and implement short and long range departmental goals, objectives,
policies and operating procedures.
Design, establish and maintain an organizational structure and staffing to
effectively accomplish the department's goals and objectives.
Oversee financial management of foreign operations.
Represent the ministry externally to government agencies, funding agencies
and the general public.
Requirements & Personal Attributes:
Candidates must meet the following criteria:
Knowledge of finance, accounting, budget, and cost control principles.
Knowledge of the Financial Administration and Accounting Act of 1973.
Knowledge of US federal and state financial regulations where applicable.
Ability to analyze financial data and prepare financial reports, statements and
projections. Working knowledge of short and long term budgeting and forecasting,
project budgets, and other financial analysis.
Professional written and verbal communication and interpersonal skills. Ability
to motivate teams to produce quality material within tight timeframes and
simultaneously manage several projects. Ability to facilitate and participate
in group meetings.
Bachelors Degree in Finance and/or Accounting. Professional accounting
designation; ACCA, CA or CPA desirable. Minimum of five years experience
in senior-level finance or accounting position.
Bahamian citizen.
The position offers an attractive salary with a benefits package, reflecting the
successful applicant's experience and qualifications.
Qualified individuals should submit complete resumes including references before
January 15, 2008 to:
Mark E. Munnings
P.O. Box N 7120,
Nassau, Bahamas
Email: mmunnings@deloitte.com.bs

Polymers International, Limited
Queens Highway, P.O. Box F-42684
Freeport, Grand Bahama
Office: (242) 352-3506 Facsimile: (242) 352-2779

Polymers International Limited currently is accepting applications for the
following positions. Resumes can be mailed or dropped off at the main
office on Queens Highway.

Human Resources Manager

This person will be responsible for administering all aspects of Company
human resources and functions. This person will assume responsibility for
the effective performance of various human resource functions, including
recruiting, interviewing, hiring, payroll and for insuring corporation-wide
compliance with all related government regulations. This person will provide
recommendations to Senior Management in establishing overall human
resource objectives, policies and plans This person will ensure that Human
Resource activities are conducted in accordance with established Company
policies and within established procedures. This person will also assign,
direct and appraise Human Resources personnel.

This is not an entry-level position. The successful candidate will have
proven abilities in the Human Resources field with a minimum of 5 years
experience. Superior written and spoken communication skills, including
sincere and effective listening skills, are critical. A high degree of
organizational skills is essential. The candidate should possess a bachelor's
degree or higher in human resources or related field of study.

Information Technology Manager

The Information Technology Manager will maintain and manage all
information technology equipment and assets including file servers, network
infrastructure, software applications, and telephony systems. This person



Colina increasing group medical premium pricing

FROM page 1

lems associated with its med-
ical claims experience to some
2,000 individual medical insur-
ance policies inherited from
the Global (Bahamas) pur-
These policies had experi-
enced no premium increase for
10 years, meaning that.the risk
associated with them did not
match the increasing costs of
medical treatments, supplies
and technologies.
Mr Braithwaite said Coli-
nalmperial had been "much
more vigilant" on medical costs
over the last three to four
months, and had started in

August-September a process
"of bringing group rates into
line" by increasing premiums
on group medical policies.


It is understood that Coli-
nalmperial believes some of
the group medical policy
blocks it inherited from its pre-
decessor companies were
underpriced, as those firms
sought to drive sales volumes.
"Some of the blocks of busi-
ness are not as profitable as
they need to be, and we will-
be far more vigilant going for-
ward in terms of pricing and-
the monitoring of costs," Mr

Braithwaite said.
Describing the medical
claims experience as "the only
aberration", Mr Braithwaite
said: "Other than that, every-
thing else is trending according
to plan. Investment income is
up, and life insurance sales are
Colinalmperial Insurance
has further expanded its dis-
tribution channels on life insur-
ance by signing an agreement
with Insurance Management,
the Bahamian agent and bro-
ker, that will see the latter start
to sell these policies, the deal
taking real effect in the New
Colina Holdings (Bahamas)

saw its 2007 third quarter gen-
eral and administrative expense,
es increase by 20.5 per cent to
$7.854 million, compared to
$6.519 million for the three
months to September 30, 2006.
Mr Braithwaite attributed
much of this increase to the
company "proceeding with all
of our conversions" as it relat-
ed to reducing Colinalmperi-
al's life insurance technology
platforms from three to one.


"By the end of next year, we
will be like any other company
with one platform for life," Mr
Braithwaite said. He added

that Colinalmperial had also
installed a new, unified gener-
al ledger system, and also
planned to rationalise its group
medical product portfolio from
17 a legacy of the acquisition
spree to just three by mid-
Those group medical poli-
cies would also bd placed on a
single technology platform, Mr
Braithwaite added, acknowl-
edging that the company "did-
n't have a pause" between its
All group medical policies,
he said, would be repriced by
June 2008.
"I think we will turn it
around," Mr Braithwaite

added. "We have certainly
been performing better admin-
istratively. The only thing
trending negatively is our one-
time costs, not the day-to-day

While Colina Holdings
(Bahamas) is expecting to end
fiscal 2007 in the black, fol-
lowing a $1.5 million loss for
the first nine months, Mr
Braithwaite acknowledged that
while the company was per-
forming well on life insurance
sales, the medical side of its
business was still "a little

Bahamas' WTO push to start 'as soon as possible'

randum] certainly will not be
submitted by the end of the
year, but it's a critical part of
advancing the process begun
in 2001.

A leading Law firm with office located in Nassau is seeking to fill the
following position

Applicant must:
have a minimum of 5 years experience as a legal Secretary
have strong typing skills
formal training in shorthand
be proficient in Microsoft Office including Word, Excel and Internet
be self motivated and able to work without supervision

Applicants with background in Conveyancing, Banking, Civil Utiga-
tion, Wills, Immigration matters encouraged. Medical Insurance and
Pension Plan offered.

Salary commensurate with skills and experience.

Interested persons should apply in writing to:

The Office Manager
P.O. Box N-4196 ,,.;
Nassau, Bahamas



Estate of the late Preston Stuart, Jr. (the Estate)
Freeport Taxi Company Limited
First Atlantic Realty Limited
Bahamas Developers, Limited
PAW Distributing Company Limited
Tokyo Investments Limited
Commonwealth Group of Companies Limited
Remax Realty Limited
King O'Beef Limited
Kensington International Management Company Limited
Stuart Travel Services Limited
Northern Transport Limited
Skate World Limited
Special Venture Associates Limited
Deep Blue Energy (Bahamas) Limited formerly
Nashumi International Limited

TAKE NOTICE that all persons having claims
against the Estate and or any of the Companies listed above,
as creditors, must, before close of business on Friday the
28th day of December, 2007, send to the Joint Receiver and
Manager at the address shown below, by letter, facsimile or
electronically, full particulars of the amount and nature of
their claim together with invoices, or any other documents
evidencing the same and contact information of the creditor.
Failure to submit a claim by the 281' December, 2007 may
result in a loss of rights with respect to such a claim. The
Joint Receiver and Manager reserve the right to accept or
reject any claim. The Joint Receiver and Manager reserve
the right to require further evidence in support of any claim
before accepting a claim. Creditors submitting claims
with sufficient and proper evidence thereof before the 28"'
December, 2007 will be advised in writing of whether
their claim is accepted. Acceptance of claims by the Joint
Receiver and Manager does not impose any liability on the
Joint Receiver and Manager to pay such claim. Claims which
are accepted in writing by the Joint Receiver and Manager
will be considered for payment depending upon the priorityof
such claim and the availability of funds to meet such claim.

Dated this 5'h day of DecemberA.D., 2007

Kevin D. Seymour
Joint Receiver and Manager
Regent Centre East
RO. Box F-42682
Freeport Bahamas
Telephone: (242) 352-8471
Facsimile: (242) 352-4810
E-Mail: kevin.d.seymour@bs.pwc.com

"It's our intention, as early
as possible, to begin reactiva-
tion of that accession process."
The Memorandum of Trade
regime sets out all the Bahami-
an laws and policies that
impact international trade and
the economy, detailing the
legal, supervisory and regula-
tory framework that governs
the conduct of business in this
It is the starting point for
WTO membership discussions.

Mr Laing said the accession
process to full WTO member-
ship usually took between
three to five years.
Once the Memorandum of
Trade regime was submitted,
the minister said the WTO
formed a Working Party com-
prised of several member
countries to oversee and guide
the negotiations the Bahamas
would have with the organisa-
tion's member states.
The most intensive negotia-

Legal Notice


Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the disolution of TANSANIT GREENS INC.
has been completed; a Certificate of Dissolution has
been issued and the Company has therefore been
struck off the Register.


Legal Notice


Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the disolution of PRISM RESOURCES INC.
has been completed; a Certificate of Dissolution has
been issued and the Company has therefore been
struck off the Register.


tions will take place between
the Bahamas and the nations
That have a particular interest
in trading with it, such as the
US, China, the European
states and Latin American
Mr Laing said collective and
bilateral discussions would be
held between the Bahamas and
these countries, as the WTO
and its members sought to
ensure this country complied
with the framework of the
rules-based trading system it
Other subjects for discussion
were likely to focus on the
Bahamas' liberalisation sched-
ule, the extent to which and
how quickly it would open
up certain sectors of its econo-
my and its tariff system to for-

eign companies, persons and
Some countries would also
seek specific commitments
from the Bahamas, something
Mr Laing described as "part
and parcel of the negotiating
Once all -negotiations were
completed, the final terms of
the Bahamas' WTO accession
will be reviewed by the Work-
ing Party.
However, Mr Laing said the
final step in the Bahamas'
accession to full WTO mem-
bership was for the agreement
to be approved by the Bahami-
an Parliament.
"There can't be any affect
to that membership without a
law being passed that gives
author i t," the minister


No.45 of 2000


Notice is hereby given in accordance with Section 138 (8) of
the International Business Companies Ag(,, No. 45 of 200QQQ,
has been completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck off the
Registrar. The date of completion of the dissolution was
November 30, 2007.

J h B. Foster
For: Continental Liquidators, Inc.

Legal Notice


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


Legal Notice


Notice is hereby given that in accordance with Section
138(8) of the International Business Companies Act
2000, the disolution of WINTERBREEZE CLOSE
INC. has been completed; a Certificate of Dissolution
has been issued and the Company has therefore
been struck off the Register.


FROM page 1

ernment for its consideration in
total. It's fairly advanced.
"For our part, it [the Memo-




Notice is hereby given that in accordance with Section 137 of the
International Business Companies Act 2000 BRYJEN IT
SOLUTIONS LTD. is in dissolution.

The date of the Commencement of dissolution was 10th December
2007. David Thain of Arner Bank & Trust (Bahamas) Ltd., Building
2 Caves Village, P.O. Box N-3917 is the Liquidator of BRYJEN
IT SOLUTIONS LTD. All persons having claims against the
above-named company are required to send their address and
particulars of their debts to the Liquidator before the 10th January



Wall Street extends advance as

investors hoping for rate cut shrug

off UBS subprime writedown

AP Business Writer
Street advanced Monday as
expectations for an interest
rate cut from the Federal
Reserve and an uptick in
pending home sales helped
offset concerns about another
round of subprime mortgage-
related losses. The Dow
Jones industrials gained more
than 100 points.
Investors remained upbeat
ahead of the Fed's rate-set-
ting meeting on Tuesday.
Policymakers are broadly
expected to lower rates,
though economists are still
split over whether there will
be a quarter-point cut or half-
point cut.
The National Association
of Realtors gave Wall Street
reason to be optimistic Mon-
day when it said its forward-
looking index of US home
sales rose in October for the
second month in a row.
Though investors still expect.
the housing market to remain
weak well into 2008, the asso-
ciation is forecasting sales
and prices to start recovering
modestly next year.
The downturn in housing
has led to huge losses among
banks that invested in securi-
ties backed by mortgages,
and on Monday, UBS
revealed large writedowns.
The Swiss bank said it will
write down some $10 billion
of subprime mortgage hold-
ings, which could lead to full-
year losses. However, its US
shares rose $1.10, or 2.2 per
cent, to $51.58 after the bank
unveiled plans for an $11.5
billion cash infusion from the
government of Singapore and
an unidentified Middle East-
ern investor. ,
"The financial stbd' are
leading the way higher. .
because of the UBS news,"
said Donald Selkin, director

of equity research at Joseph
Stevens. "There is optimism
today that we have seen the
worst in the financial sector.
There is a feeling that these
stocks have already discount-
ed the worst case scenario."
The announcement from
UBS comes ahead of fourth-
quarter earnings from the top
US investment banks.
Lehman Brothers Holdings
Inc. will release results
Thursday, while Goldmau
Sachs Group Inc., Morgan
Stanley and Bear Stearns
Cos. are scheduled to report
next week.
After the closing bell,
Washington Mutual Inc. said
it will record a $1.6 billion
writedown on its home loans
business as it announced
plans to discontinue all sub-
prime mortgage lending and
eliminate 2,600 positions in
the home loans segment. The
nation's largest savings and
loan now expects a loss in the
fourth quarter due to the
The Dow rose 101.45, or
0.74 per cent, to 13,727.03.
Broader stock indicators
also rose. The Standard &
Poor's 500 index rose 11.17,
or 0.74 per cent, to 1,515.83.
The Nasdaq composite index
added 12.79, or 0.47 per cent,
to 2,718.95.
Bond prices fell. The 10-
year Treasury note's yield,
which moves opposite the
price, rose to 4.16 per cent
from 4.12 per cent late Fri-
day. The dollar was mixed
against other major curren-
cies, and gold prices rose.
Wall Street has posted
robust gains recently as
investors grew more confi-
dent in the Fed's openness to:
loosening its policy again."
The Dow has risen more than
740 points over the last two

weeks, a rally that has
brought the blue-chip index
to about three per cent below
the record close it reached
October 9.
WaMu's shares shed 88
cents, or 4.4 per cent, to $19
in aftermarket activity, after
the stock rose 85 cents, or 4.5
per cent, to close at $19.88.
Blackstone Group LP
might be planning a bid to
acquire steel company Rio
Tinto Ltd., according to
Britain's Daily Telegraph.
.Blackstone would lead a con-
sortium that would include
China's sovereign wealth
fund, according to the report.
Blackstone rose $1.52, or 6.9
per cent, to $23.45, and Rio
Tinto rose $9.71, or 2.1 per
cent, to $477.71.
McDonald's Corp., the
world's largest fast-food com-
pany, said global same-store
sales rose 8.2 per cent in
November. Much of the
strength came from overseas,
including Europe and Asia.
McDonald's, one of the 30
Dow components, rose $1.74,
or 2.9 per cent, to $61.90.
Shares of Dow component
Caterpillar Inc. advanced
after a Bear Stearns analyst
highlighted the construction
and farm equipment maker's
focus on China, where the
construction market is
expected to keep surging.
The stock rose $2.38, or 3.2
per cent, to $76.58.
Oil prices were volatile
amid end-of-year position
taking and anticipation of
Tuesday's Fed meeting.
Light, sweet crude reversed
course to close down 42 cents
to $87.86 a barrel on the New
York Mercantile Exchange.
The Russell 2000 index of
smaller companies rose 5.68,
or 0.72 per cent, to 791.22.
: Advancing issues outnum-
bered decliners by slightly
less than two to one on the
New York Stock Exchange.

Consolidated volume came to
2.81 billion shares, compared
with 2.88 billion shares on
Overseas, Japan's Nikkei
stock average closed down
0.20 per cent, while Hong
Kong's Hang Seng index fell
1.18 per cent. Britain's FTSE
100 rose 0.16 per cent, Ger-
many's DAX index rose 0.49
per cent, and France's CAC-
40 increased 0.56 per cent.





* Excellent opportiuiti/
for you to control il/Our

* You are limited onli/ to
your potential
* Flexible hours available
* Excellent commissions
and benefit;

Ameriican AcaademI of
Pre|et MaragsmInt

Certified International

Project Management Course
A PMP & IAPM Course Inclusive.

Tuesday, January 8, 2008
Saturday, January 12, 2008

Total Price: $1390 (including all materials & fees)

10 Wks or 10 Saturdays

Tues & Thurs from 6pm-8pm
Saturday from 9am-lpm *i
Contact: I
Candice Albury
Lignum Technologies (Bahamas) Ltd.
Ph: 393-2164 Fax:394-4971
Email: candice@lignumtech.com

* Must have a proven track record in sales
* Professional appearance a must
* Must have reliable transportation
* Ability to meet and adhere to strict deadlines
* Excellent written and communication skills.

Apply in writing to
Sales Representatives
Box PM-1
C/O The Nassau Guardian
P.O. Box N-3011


Legal Notice


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

LTD. (In Voluntary Liquidation) is in dissolution.
2. Proceedings to wind-up and dissolve the Company
were commenced on the 28th day of November A.D.,
3. Mrs. Debi Williams Hancock whose address is Williams
Law Chambers, Katherina Court, Suites 203 & 205,
Lagoon Court Building, Olde Town at Sandyport,
Nassau, Bahamas is the Liquidator of the Company for
the purpose of such dissolution.

Ragisteczd Agent

The American Embassy is presently considering applications for the following


Serves as the Air Conditioning Technician and is responsible for a variety of
functions including plumbing, electrical and welding maintenance, repair, diagnosis,
installation and testing of a variety of industrial and commercial grade air
conditioning systems.

This position is open to candidates with the following qualifications:
- A minimum of two years vocational training resulting in a certificate as an
A/C refrigeration technician and one year of vocational training and certificate
in electrical craft skills.
- Two years as an Air Conditioning Technician and a minimum of one year
apprentice level or the equivalent in electrical maintenance and/or installation
- Must have a familiarity with National Electric, or Canadian Electric codes and
NFPA guidelines for A/C required.
- Must be able to read and comprehend blue prints and have knowledge of
material safety data sheets and books.


This is to advise the public that
P.O. BOX N-4939
Email address: industrialtribunal@bahamas.gov.bs

325-6923,325-6942, 325-6954
325-7614 (FAX)

TO INCLUDE 325-7613 AND 323-3650 (FAX) AS

I M ne O tp

Beginning Date;

Time of Class:


- -










^\^-----V GAS _, 1 ^ ^



4 Reminder* that the slicer nieds
mending (6)
S7 Palace where Abraham arranged
entry for an apprentice (8)
8 A fishy point to the Spanish (6)
10 He put the cat out by a trick (5)
13 One in a car, ideally (4)
14 Instrument of rich ornateness (4)
15 One-woman opera (4)
16 Heightened figure? (3)
17 At the last one, talk softly (4)
19 Whereupon to walk over water (4)
21 The musical carthorse trick (9)
23 On the quiet, yes, it goes to the
Revenue (4)
24 Knows the sound of an organ (4)
26 One of veteran vintage? (3)
27 No longer In the Parthenon (4)
29 Catch with a spike (4)
32 The German ballad was deceptive
33 This resounding clanger is a real
beauty! (5)
34 A name in common, I calculate (6)
35 Could you nibble it for something ao
do in bud? (8)
36 You could chew the rag with him (6)

Yesterday's ryptic solutions
ACROSS: 1, Jocund 7, Under age 8. Mile IC.,T-ruth-s 11,
Pick on 14. Sec 16, Craig 17, Need 19, Decay 21,.Go-go-l
22, Hones 23, Paus 26, Sides 28, Hog(-tied) 29, Pearly 30,
Waters 31, A-wed 32, Colander 33, Mutton
DOWN: 1, Justin 2, United 3, Due-s 4, Medical 5, Parka 6,
B-ein-g 8, Muse 9, The 12, Cry 13, Oinks 15,B-e.g.-et 18,
Ernie 19, Do-n 20, Cos 21, Go-sling 22, Her 23, Po-ten-t
24, Aged 25, S-Is-kin 26, Sp-lc-y 27, D-ally 28, Haw 30, W-

I lis Info is horological, you see (5)
2 Companion ever giving encourage-
ment (5)
3 Skip it after you start moving up (4)
4 Very keen to make a bard out of one
5 The special knowledge folk may
have (4)
6 A ton and hall s always skilful (6)
9 Adjusts in a way fitting In advertise-
ments (6)
11 A tramp oees nothing by being
somewhere warm (3)
12 Gratin's upset over the unhappy end-
ingl (5)'
13 In dire distress, a writer reached
maturity (7)
15 A hush in the wood (3)
16 As served in the state apartment?
18 Sour because Insufficient practice Is
arranged (6)
20 She's got a Ine on a Frenchman (5)
21 Outboard propellerd (3)
22 Start steaming ahead, boyl (3)
23 It's toweringly religious (6)
25 Getting bact in line means nothing
28 Plant to provide warmth for a hotel
30 Like snakes worthy of remark (5)
31 Looks slyly left and right see? (5)
32 Do Berliners have one they can
shoot? (4)
33 How can a bigheaded individual be
so Idle? (4)

Yesterday's easy solutions
ACROSS: 1, Chaste 7, Deserter 8, Bite 10, Dragon 11,
Morose 14, Shy 16, Tepid 17, Suet 19, Coped 21, Lurid 22,
Carat 23, Fire 26, Pilot 28, Vat 29, Eloped 30, Reveal 31,
Atom 32, Cataway 33, Sorbet
DOWN:t, Chides 2, Slight 3, Eden 4, Demoted 5, Stoop 6,
Greed 8, Base 9, Toy 12, Red 13, SItar 15, Moral 18, Untlt
19, Cur 20, Pit 21, Lateral 22, Cop 23, Favour 24, Item 25,
Enlist 26, Pence 27, Louse 28, Vet 30, Rays

4 Ught-coloured (6)
7 Abstinent (8)
8 Come out (6)
10 Crawl (5)
13 Precipitation (4)
14 Maintain (4)
15 Wagers (4)
16 Beverage (3)
17 Flightless birds
19 Reasonable (4)
21 Truce (9)
23 Bereavement (4)
24 Observe (4)
26 Rodent (3)
27 Location (4)
29 Declare (4)
32 Eye-piece (4)
33 Stage whisper (5)
34 Meal (6)
35 Praise highly (8)
36 Semi-conscious
state (6)




Famous Hand

West dealer.
Neither side vulnerable.
VJ 32
+95 2
4 *K1096
V964 VQ10875
107532 *Q8
+AK1086 473
The bidding:
West North East South
Pass Pass Pass 1
Dble 1 NT 2 V 4
Opening lead king of clubs.

This famous hand occurred in the
1948 European Championship dur-
ing the match between Norway and
Great Britain. West was S.J. Simon,
author of the classic "Why You Lose
at Bridge," and East was the British
star Terence Reese.
Reese missed the winning play,
as he himself relates, but it is likely
that most players would have done
the same thing. Simon cashed the K-
A of clubs -- East playing high-low
- and led a third club, which Reese

ruffed. Reese then returned a heart.
The Norwegian declarer won the
heart, crossed to dummy with a dia-
mond, took a trump finesse, returned
to dummy with a diamond, took a
second trump finesse, and so made
four spades. His only losers were two
clubs and a ruff.
The same series of plays occurred
at the second table, where the En-
glish declarer also made four spades.
The deal was thus a standoff, but
later received wide attention because
both Easts could have defeated the
contract by making an extraordinary
East can stop the contract by dis-
carding a diamond at trick three,
instead of ruffing the third round of
clubs! Declarer can then reach
dummy only once, and since he
requires two trump leads from
dummy to stop East from making
two trump tricks he must go down
The contract is easy enough to
defeat on paper. But at the bridge
table, where second thoughts don't
count, practically any player holding
the East cards would ruff the third
club and then start thinking about
what to do next.
The hand is an exceptionally fine
illustration of why you can't afford
to play the game mechanically.
Never relax!

HOW 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 nine-letter word. No plurals or verb
forms ending in "s", no words with initial capitals
and no words with a hyphen or apostrophe
permitted. The first word of a phrase is permitted
(e.g. inkjet in inkjet printer).
Good 17 very good 26; excellent 35 (or more).

acorn acre arose arson caner care careen
censor coarse coarsen core corn cornea crane
crease crone earn encore ensnare erase nacre
near race rase reason RESONANCE roan rose
saner scanner scar scare score scorn screen

sear seer snare

1 Orderly pile (5)
2 Commotion (5)
3 Cavort (4)
4 Sheep's cry (5)
5 Kiln (4)
6 Sword (6)
9 Noncomformist
11 Agent (3)
12 Fencing swords
13 Begrudges (7)
15 Coach (3)
16 Bind (3)
18 Large amounts (6)
20 Regions (5)
21 Bed (3)
22 Enemy (3)
23 Dormant (6)
25 Given food (3)
28 Bury (5)
30 Call (5)
31 Allude (5)
32 Light (4)
33 Promise (4)


. Calvin & Hobbes )

DEC 11
ARIES March 21/April 20
Conceit can get you into trouble, Aries,
but you seem to ignore all warnings
this week. A co-worker gets defensive
as a result. Money matters seem bleak
- reconcile bank accounts.
TAURUS April 21/May 21
A great opportunity arises on
Tuesday, but you may be too busy
to see it coming. It's best if you take
the day off to make the most of this
one-time deal. Libra is key.
GEMINI- May 22/June 21
You haven't been feeling your best,
Gemini, and this week probably will
be no better. Relax, lay low for a
while and try to recuperate. A special
friend drops by for a visit.
CANCER June 22/July 22
It seems you've gotten yourself
into another work bind. You just
can't seem to find a place to work
that interests you, Cancer. Keep
looking; don't settle for just any-
thing. Aquarius helps out.
LEO July 23/August 23
Have you been feeling lonely, Leo? It
might be time to invite over some
friends to help beat the pre-winter
blues. Thursday seems a good day for
a late dinner. Romance could follow!
VIRGO Aug 24/Sept 22
Too many road trips have put wear
on your car, Virgo. You just made
the investment, so take it easy for
a while. Tuesday is a good day for
relaxation something you need.
LIBRA Sept 23/Oct 23
You've decided to jump in and
finally get that pesky task done
that's been haunting you. Good for
you! Wednesday is an uneventful
day, so sleep in and enjoy it.
SCORPIO Oct 24/Nov 22
A better mood keeps you lively this
week, Scorpio. When you're on a
roll no one can match your work
effort, so make sure the boss sees all
of your hard work.
SAGITTARIUS- Nov 23/Dec 21
It seems you've been pondering
starting a new business. Remember,
being self-employed has its benefits
but also several downfalls con-
sider them carefully. Capricorn is
the one to watch out for this week.
CAPRICORN Dec 22/Jan 20
A trip to the doctor has you mending snme
of your wild ways, Capriconm. Now is not
the time for fun and games, but concentra-
tion on setting a course for your future.
Expect Friday to be very exciting.
AQUARIUS- Jan 21/Feb 18
No plans for your birthday,
Aquarius? Why not think creatively
and coordinate a hiking trip with
friends. The countryside looks beauti-
ful snow-covered. Virgo will help.
PISCES Feb 19/March 20
Have you been waiting for some
good luck to come your way, Pisces?
Well, this week it just may arrive in
the form of an overdue check. Spend
the -money wisely-, but have fun.

sneer snore soar sonar sore







Veselin Topatov v Rustam
Kasimdzhanov, Leon 2007. This a
later stage of yesterday's game
between two former Fide world
champions, in which Topalov
allowed a winning chance which
Kasim failed to spot. Now it is 17
moves further on, and Topatov's
d6 pawn is a mighty threat, just
two squares from touchdown.
Black's rook is attacked, so Kasim
retreated Rd8 after which Qe7 (so
that if Qxf5+? Bd3 skewers the
black queen against the king)
forced rapid victory. Fact was that
Kasim missed his second free gift
in the same game in today's
diagram. How can Black (to play)
escape defeat?


SI r

1 c a e i y. h


Chess 8490: 1..Qxd2+I 2 Kxd2 Rxd6+1 3 Qxd6 NeOl
and Nxd6 leads to a probably drawn endgame.
Mensa:1R In the fourth row.
Word ladder: JILT, lilt, list, lisp, limp, lump, DUMP


- - - - - -- I

I '-

I Contract Bridge

By Steve Becker
.'s^ ,' -





- 7:30 8:00 8:30


Barry Manilow: Songs From the Seventies

S he Insider Ni NCIS "Skeletons" An explos
WFOR i C' veals a cache of dismembe
rman remains, Il (CC)
'Acres Holly- Deal or No Deal Contents
W TV J wood C: i.e cases are revealed to view
V, :' fore tlie players. (N) (CC)
"D,',o Drive Bones Zack cuts into a bon
WSVNi 'ccdentally releases deadly
npoles. t) (PA) (CC)
Jeopardy! N) Shrek the Halls :32)Wir
WPLG iCo (CC) Pooh an
i Christma

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'oney loi Noh-
inq" (COC

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ews Ame



BET The Way It
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red hu-

tf some
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y fungus

nie the
as Too

CSI: Miami Horatio thinks owners ot
a Native American casino are in-
volved in a scalping. f (CC)

DECEMBER 11, 2007

9:00 9:30 10:00 10:30

Great Performances "Vivere: Andrea Bocelli Live in Tuscany" Andrea Bo-
celli performs greatest hits and new songs. f (CC)

Cane "Hurricane" Looters hold Alex
and Frank at gunpoint in their home
during a hurricane. (N)

Cane "The Perfect Son" Joe
Samuels plans to disrupt Jamie's
wedding. (N) A (CC)

The Biggest Loser Five remaining Law & Order: Special Victims Unit
contestants battle for the finale. (N) A separation pits a husband and
n (CC) wife against each other. (CC)

House "Merry Little Chdstmas"
House must diagnose a little per-
son's serious illness. (CC)

According to According to
Jim "The lan- Jim "Guinea Pyg-
nelsexual" (CC) malion'" f

CIl: Miami HRush" The dean or a
movie star on the verge of exposing
damaging secrets. (CC)


Boston Legal Alan and Denny take
action after trying to sue the Nation-
al Guard. (N) ft (CC)

iSI: Miami A nasty divorce geis
worse when the husband's mistress
turns up dead. f (CC)

World BBC News World Business BBC News Survivor's News
erica (Latenight). Report (Latenight). Guide "A Sport-
ing Chance
ole: *, WOMAN THOU ART LOOSED (2004) Kimberly Elise, Loretta Keyshla Cole: The Way It Is Mys-
t Is Devine. A young woman tries to overcome a life of abuse. (CC) tery visitor. (N) (CC)
Rein- BOOKY AND THE SECRET SANTA (2007) Rachel Marcus. Premiere. A CBC News: The National (N) (CC)
iman helps a girl and her father during Christmastime. (CC)
ow & Fast Money The Suze Orman Show: Your The Big Idea With Donny Deutsch
(CC) Money, Your Life (N)
Dobbs Out in the Open Larry King Live (CC) Anderson Cooper 360 (CC)
Cox The Daily Show The Colbert Re- Chappelle's South Park (CC) Larry the Cable Guy: Morning
cai With Jon Stew- port Lance Arm- Show Kanye Constitutions The comic performs.
(CC) art (CC) strong. (CC) West; Mos Def. (CC)
si to Cops "Palm Cops "Palm World's Wildest Most Shocking
(CC) Beach" n (CC) Beach" f (CC)
Life of ** A GOOFY MOVIE (1995, Comedy) Voices of Bill That's So Raven That's So Raven Life With Derek
dy (l Farmer, Jason Marsden. Animated. Goofy drags son Raven throws a ft (CC) "Power Failure"
Max along on a fishing trip. 'G' party.
louse This Old House Sweat Equity Bathroom Reno- Bathroom Reno- Deck the Yard: Chicago
n (CC) Building a deck. vations nations
itage iJournal: Tages- Politik direkt Journal: In Euromaxx Journal: Tages- Im Focus
thema Depth them
10 IN) Dr. 90210 "Hollywood Mending' Keeping Up-Kar- Keeping Up-Kar- The Girs Next The Grls Next
lAdult flim stair. dashlans dashlans Door Door
(N) SportsCenter Special (N) SportsCenter Special (N) (CC) SportsCenter
(Live) (CC)
Champions League Soccer Real Madrid UEFA Champions League Soccer Chelsea vs. Valencia. (Same-day
________ Tape)_______ ____
s: Our Mother Angelica Live Classic Religious Cata- The Holy Rosary Threshold of Hope
Episodes logue

o Shimmy Chest Shimmy Basic
CC) circles. (N) Egyptian step.

Namaste Yoga Namaste Yoga
"Lotus Link" (CC)

Body Challenge: Hollywood

Fox Report- The O'Reilly Factor (Live) (CC) Hannity & Colnles (Live) (CC) On the Record WIth Greta Van
FOX-NC SShepard Smith Susteren (Live) (CC)
L Nothin' But SportScience Best Damn Sports Show Perod Mind, Body & TheFSNFinal
FSNFL (Knockouts (Live) (CC) Kckin'Moves Score (Live)
GOLF BriLish Open Highlights Padraig Golf Central Big Break: Mesquite Big Break: Mesquite
GOLF_______ ___(Live)
1 (:00) Weakest Who Wants to Be a Millionaire f That's the Ques- Family Feud Family Feud Chain Reaction
GSN :Liu ; ('C :Cl)C tion (CC) (CC) (CC)
G4TeCh (:00) Atack of IX-Play (N) X-Play Cops 2.0 Refusal Cops 2.0 Car- NInja Warrior Ninja Warrior
G4Tech eShow!(N) to stop. the suspect.
00 Walker. er Texas Ranger A camping MEET THE SANTAS (2005, Romance-Comedy) Steve Guttenberg, Crys-
S HALL Texas Ranger trip to mark the end ofWalkers sin- tal Bemard, Dominic Scott Kay. A man, his fiancee and her mother plan a
;i i j? gle days turns ugly. (CC) wedding. (CC)
H BuI iie isc iThe Style Dept. Design Inc. ft Colin & Justin's Home Heist "Not The 20 Worst Interior Design
HGTV ico aW ick A spare room is (CC) So Pretty in Pink' Patricia and Crimes in Your Home (CC)
sane (CC) transformed. (N) Mike's living space. (N) (CC)
IMorris Cerullo Breakthrough Christ in Inspiration To- Life Today (CC) This Is Your Day The Gospel
INSP (CC. Prophecy day (CC) Truth
NBA Baskerba.ll i.. ,.- C ,ioers at New Jeisey Nets. From Izod Center in East Two and a Half Two and a Half
KTLA ., N.: '..; ', CC) Men Andthe Men f (CC)
S .... Plot Moistens'
Still Standing RebaKyracon- Reba "War and ALL SHE WANTS FOR CHRISTMAS (2006, Drama)MonicaKeena. A
LIFE T n in- ., e\ 'deiovino in Peace" ft (CC) woman evaluates her hometown Christmas ornament company. (CC)
:l';.'" :,_"_ | ____ ______,
MS Hardball Countdown With Keith Olber- Live With Dan Abrams Lockup: Holman Relationships in-
ISN BC mann side and outside the prison.
/- Ned's Deciassi- Drake & Josh Full House f Home Improve- Home Improve- eorge Lopez George Lopez
NICK filed Schoole (CC) (CC) ment (CC) ment (CC) ) ()
NTV (:00) Bones ft Deal or No Deal (N) t (CC) House House examines a senator News (N) A News
NTV PAl)(CC) and finds that he may have AIDS. CC)
SPEED Pinks American Thun- American Thun- Redline TV (N) Redline TV ft Super Bikes! Super Blkesl
SPEED der der 1)
Extraordinary Behind the Joyce Meyer: John Hagee To- Bill Gaither (CC) Praise the Lord (CC)
TBN Health With Jor- Scenes (CC) Enjoying Every- day (CC)
dan Rubin day ife (CC)
Everybody Family Guy Family Guy Family Guy Family Guy The Office "Con- The Office "Casi
TBS Loves Raymond "Fore Father' n "Emission Impos- "Petarded" ,f "Road to Rupert" flict Resolution" no Night' t
Lucky Suil' P (CC) sible" (CC) (CC) ft (CC) ft (CC) (CC)
(:00) Crazy London Ink Louis thinks Dan London Ink Tensions run high at Miami Ink "Through Thick and Thin'
TLC iChristmas spends too much timelalking with the studio. (N) Ami and Nunez judge a bikini con-
I Lights (CC) clients. (CC) test. (N) (CC)
(:00) Law & Or- Cold Case "Offender" The detec- Cold Case "Tom" The team investi- Cold Case The 2005 murder of a
TNT der Fear Ameri- tives must solve the case of a 6- gates the 1919 death of a young longshoreman in the middle of a hu-
Sca" (CC) (DVS) year-old boy's rape and murder. girl. ft (CC) man-trafficking ring. f (CC)
TOON Home for Imagi- Billy & Mandy Save Christmas My Gym Part- Grim Adven- Ed, Edd n Eddy Naruto
TOONn nary Friends ner's a Monkey tures II
TV5 (:00) Toute une Infrarouge "Tsunami: vague mortelle" Le combat Humanima Palaces du Invit6 de mar-
TV5 histoire bouleversant des rescapes. monde que
TW Wealher Ven- Abrams & Bettes Weather: Evening Edition (CC)
I TWC tures Alaska. __
(:00) Yo Amo a Amar sin Limites Un hombre lucha Pasi6n Una historic que toma lugar Ver Para Creer
UNIV Juan Querend6n para salvar a la mujer que ama. (N) entire pirates y fortunes.
(:00) Law & Or- * NATIONAL TREASURE (2004, Adventure) Nicolas Cage, Hunter Gomez, Diane Kruger. A man tries to
USA der: Criminal In- steal the Declaration of Independence. (CC)
tent On File'
00VH1 Love New 40 Greatest Reality Moments 2 ft Top 40 of 2007 (N) ft
V (:00) NHL Hockey Pittsburgh Penguins at Philadelphia Flyers. From the S.ports Unfiltered With Dennis Hockey Central
v Wachovia Center in Philadelphia. (Subject to Blackout) (Live) t Miller (Live)
( 00) America's Bulls Eye (Live) NBA Basketball Seattle Sonics at Chicago Bulls. From the United Center in Chicago. (Live)
WGN Funniest Home t (CC) l (CC)
Videos ft (CC)
Family Guy Lois America's Next Top Model The The Victoria's Secret Fashion CW11 News at Ten With Kalty
WPIX i....: '::" i women learn Chinese history and Show 2007 n (CC) Tong, Jim Watkins (N) (CC)
gambling. (CC) move into their Beijing home. ft
Jopardy! (N) Dr.Phil t (CC) News(N) Jeopardyl (CC) Frasler Martin's Frasier Lilith an-
WSBK (lCfc I( recliner is thrown ounces her next

away. divorce. f

(5:45 * MES- *;, DECK THE HALLS (2006, Comedy) Danny DeVi- 1:45) P.S. I Love Dave Attell: Captain Miserable
SGE IN A BOT- to, Matthew Broderick. Neighbors clash over decora- You: HBO First The comic performs at the Lincoln
TLE (1999) lion glare. n 'PG' (CC) Look (N) (CC) Theatre in Washington, D.C.
S:15) * BANDIDAS (2006, Western) Pendlope ** INFAMOUS (2006, Drama) Toby Jones, Sandra Bullock, Daniel
I Cz, Salma Hayek. Two Mexican women battle a ruth- Craig. Truman Capote forges a relationship with a convicted killer. f) 'R'
less American bank magnate. 0 'PG-13'(CC) (CC)
'(6:00) ** (:15) Mayweath- (:45) ** MESSAGE IN A BOTTLE (1999, Romance) Kevin Costner, Robin Wright Penn,
STAR WARS IV: er/Hatton 24f7 Paul Newman. A woman seeks the author of a letter that washed ashore. A 'PG-13' (CC)
(:00) * PAVILION OF WOMEN (2001, Drama) ** PRACTICAL MAGIC (1998, Comedy-Drama) (:45) The Making
yilerm Dafoe. A Chinese wife becomes involved with Sandra Bullock. Two sisters face obstacles because of Of: Idlewlld ft
in /Aminn missionary. 'R' (CC) their witchcraft. n 'PG-13' (CC) (CC)
(:45) * V FOR VENDETTA (2006, Action) Natalie Portman, Hugo Weaving, Stephen * THE OMEN (2006) Liev
Re. A vigilante fights a fascist government. f 'R' (CC) Schreiber. A diplomat's adopted son
is pure evil. / 'R' (CC)
i Kevin Costner. Incorruptible government AMERICA FOR MAKE BENEFIT GLORIOUS NATION gas "Out of This
I;pr i, (we against Al Capone. 0 R' (CG) OF KAZAKHSTAN (2006, Comedy) 'R' (CC) World"
A YOURS, MINE & OURS (2005, Comedy) Dennis Dexter "Left Turn Ahead" (iTV) Dex- .45 (2006) Milla Jovovich. A woman
Oiaid. iTV. The marriage of two widowed parents cre- ter finds himself dodging bullets., seeks revenge against her drug-
!(ats one large family. n 'PG' (CC) (CC) dealing boyfnend. 'R'
(6:10) SISTER[- THE LOST CITY (2005, Drama) Andy Garcia, Dustin Hoffman, Ines Sastre. Revolu- ** LAND OF
ACT 2: BACK IN tion shatters a Cuban club owner's family. A 'R' (CC) THE BLIND
THE HABIT (2006) 'R' (CC)

Simply the Best

mi Gift -Cetiifi

Make great gifts!









___ I___







i .. I. ...





. .. . L

P A G E O B, T E S D A Y D E C E B E R 1 2 0 0 T H E R I B U N

UBS (Bahamas) in office


Move to accommodate 30 Banco Pactual employees, after operation acquired last year

Tribune Business
UBS (Bahamas) yesterday
unveiled plans to accommodate
the extra 30 Bahamas employ-
ees it inherited when it last year
acquired Banco Pactual's oper-
ations through the construction
of a new multi-million dollar
office complex at its East Bay
Street headquarters.
UBS Bank & Trust said it
planned to develop a two-
storey, 25,000 square, foot class-
A office building at its Mon-
tague Bay property. Construc-
tion will start in the 2008 first
half, and is expected to be com-
pleted by late 2009.
A UBS (Bahamas)
spokesperson said the expan-
sion was primarily to accom-
modate employees that were
added to the staff following the
Banco Pactual acquisition.
"We are in desperate need
of space we are now up to 170
employees," Renate Raebe
said, speaking for Richard
Voswinckel, chief executive of
UBS (Bahamas) Ltd.
The bank has not deter-
mined who will occupy the
additional space in the new
building that it is looking to
sublet to tenants. UBS
(Bahamas) is planning to occu-
py half the space in the new
property itself and lease the
remainder to tenants, with the
project also meaning that it will
acquire additional land adja-
cent to its property.
UBS (Bahamas) had better
news to deliver than its parent
yesterday. The Swiss bank will
post a loss for the fourth quar-
ter and may now record a loss
for the full year as well, after it
announced a $10 billion write-
down related to the US sub-
prime mortgage market.
- That comes on top of the 4.2
-' billion francs written off in its

. \. -.


w i


AN ARTIST'S IMPRESSION UBS Bank & Trust said it planned to develop a two-storey, 25,000 square foot class-A office building at its Montague Bay property. Construction will
start in the 2008 first half, and is expected to be completed by late 2009.

third quarter, marking 14.2 bil-
lion francs ($12.6 billion) in
write downs from the subp-
rime crisis by UBS this year.
"Conditions in the US mort-
gage and housing markets have

continued to deteriorate, and
we have updated our loss
assumptions to the levels
implied by the current dis-
tressed market for mortgage
securities," chief executive

Marcel Rohner said in a state-
"In our judgment these
writedowns will create maxi-
mum clarity on this issue, and
will have the effect of substan-

tially eliminating speculation,."
In October, the bank down-
graded the value of some assets
by more than 4 billion francs
($3.4 billion) because of expo-
sure to bad UJS mortgages. The

writedown led to losses of 830
million francs ($712 million) in
the period ending September
30, the first time in nine years
the bank reported a quarterly
operating loss.

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For more Information visit any branch of FirstCaribbean International Bank.
Or call:
New Providence 502-6800/01
Family Islands 1-242-300-2255

November $1,500
December $2,500
January $3,500
February $5,000

Grand Prize $20,000
paid over a 12 month
period in $1,666 Installments.

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www.folrtl rthlbl eeblnk.crem

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