The Tribune.
Full Citation
Permanent Link: http://ufdc.ufl.edu/UF00084249/03075
 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: 12/28/2007
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: UF00084249:03075

Full Text

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Volume: 104 No.31


IA1 :


Man found

with multiple

stab wounds

Tribune Staff Reporter
A MAN found near Bacar-
di Road on Wednesday with
multiple stab wounds became
the country's 78th murder vic-
tim for the year.
The male was reportedly
discovered "lying on the
ground" with stab wounds
"about the body" sometime
around 6pm on Boxing Day,
Asst Supt Walter Evans said
in a statement yesterday.
The victim, who has been
identified as Anthony Cole-
brook, 19, of Sunset Park, was

taken to hospital for treatment
but died at about 10pm, police
Police are uncertain exact-
ly what happened leading up
to his death and have
launched an intensive investi-
gation, ASP Evans added.
The discovery comes just
three days after police found
the partially-clad corpse of
'Jane Doe' in the street near
the Seagull Court apartment
complex in Elizabeth Estates
on Sunday afternoon.
According to police, the
blue jeans the victim was
wearing at the time of her
SEE page eight

POLICE HAVE not yet determined the cause of this fire which gutted a building on the corner of Shirley Street and Okra Hill shortly
before the Boxing Day Junkanoo Parade on Wednesday morning.

Justices aim to I-, V0ml; r11 tn nhffi" n1


VIM r !1 iy are e UC IUUMa
deliver ruling C I'alY L I UIIVUI
on Pinewood winners of Boxing Day parade

by January 21
Tribune Staff Reporter
declared their desire to deliver a
ruling in the Pinewood election
court challenge by January 21
as, after two months, arguments
in the case ended yesterday
Senior Justice Anita Allen,
who is acting as chief justice,
thanked the parties for their
assistance throughout the case,
adding that she was "very
pleased" with how the election
court proceeded, before the
final adjournment occurred.
The court, she said, will
attempt to reach its conclusion
as soon as possible. The desire
to conclude the Pinewood case
before January 21 comes as the
Marco City challenge is set to
SEE page eight

Tribune Staff Reporter
JUDGED only on one lap,
the One Family Junkanoo
group with its theme "Crime -
Enough is Enough" was yes-
terday evening declared the
unofficial winner of the Bri-
an "Boldie" Gibson Boxing
Day Parade 2007.

After two days of delibera-
tions, chairman of the parade
management committee Dou-
glas Hanna declared One
Family the overall winner of
the A category groups with
1455 points.
The Shell Saxons Super
Stars with the theme "From
Africa to Bay Street" came in
second with 1437 points, fol-
lowed by Roots with the

U -

theme "Signs of the Zodiac"
in third place with 1367 points.
The Valley Boys, with its
theme of "The Bahamas Food
and Cultural Festival" placed
fourth with 1349 points, while
the Music Makers came in
fifth with 1215 with its theme
"Viva Las Vegas."
SEE page eight

Former general manager taking legal action
against Water and Sewerage Corporation
* By RUPERT MISSICK Jr also the former chairman's attorney, on behalf of
Chief Reporter Mr Butler.
rmissick@tribunemedia.net The writ alleges that Mr Butler was wrongful-
ly dismissed on August 23, 2007, by the corpora-
FORMER general manager of the Water and tion.
Sewerage Corporation, Abraham Butler, is bring- In September, Mr Butler presented a letter to
ing legal action against the corporation for his Prime Minister Hubert Ingraham calling for him
alleged wrongful dismissal by State Minister for to protect his fundamental rights in the face of
Public Works Phenton Neymour. what the former general manager termed a "con-
The writ was filed on December 12 by the law SEE page eight
chambers of Fox Hill MP Fred Mitchell, who is

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Ingraham expresses sympathy

after assassination of former

Pakistan prime minister

Tribune Staff Reporter
PRIME Minister Hubert
Ingraham expressed deep
sympathy on behalf of the
Bahamas to the family of for-
mer Pakistani Prime Minister
Benazir Bhutto, who was
assassinated yesterday.
Mrs Bhutto, 54, was shot in
the neck and chest by a sui-
cide bomber at a political ral-
ly in the Pakistani city of
Rawalpindi. Her attacker lat-
er blew himself up, killing
another 20 people nearby.
Mr Ingraham said that Mrs
Bhutto, who had returned to
her country a few months ago
after a long exile, knew of the
great danger she was expos-
ing herself to because of the
"volatile political situation" in
her country.
"Nevertheless," he said,
"her assassination today has
left much of the world in a
state of shock and grave con-
cern for the future of Pakistan,
the region and the world.
"Mrs Bhutto's death is also
a great tragedy for a family
that has already suffered much
from political violence. It will
be recalled that her father, a
former President of Pakistan,
was overthrown in a coup d'e-
tat and executed.
"So on behalf of the gov-
ernment and people of the
Bahamas I should like to
express our deepest sympathy
to the family of Mrs Bhutto,
especially her children and her
husband," he said.
US President George Bush
has also condemned Mrs
Bhutto's assassination, calling
it a "cowardly act" perpetrat-
ed by "murderous extremists"
intent on undermining Pak-
istan's democracy.
Prime Minister Ingraham
said he has been watching
anxiously as the people of
Pakistan struggle for the

return of democracy a
rule of law to their
Indeed, he said, this w

of the crucial issues which was
on the minds of Common-
wealth Heads at a recent con-
ference in Uganda.
"Pakistan is strategically
positioned in the continuing
struggle with religious extrem-
ists whose principal weapon
is terrorism, and what happens
there is bound to have strong
repercussions not only in that
region but around the world.
"It is our hope and prayer
that Pakistan will be able (to)
quickly move away from this
troubling period and advance
d the towards democracy and the
lnd. e rule of law," Mr Ingraham
land. said.
ras one

Government reveals new policy

on non-budgetary spending
THE government says it has decided "as a matter of policy and in
compliance with the law" to seek parliamentary approval for all the
money is spends outside of what is approved in the annual budget esti-
Minister of Maritime Affairs and Labour Dion Foulkes told the
Senate yesterday that gone is the age-old practice of bringing appro-
priations bills to the House along with the annual budget for a new fis-
cal year, when debate is always centred around the budget itself and the
appropriations bills dealing with money already spent go unnoticed.
"We have decided, as a matter of policy and in full compliance with
the law, that any money that is spent by the government that is not
approved in the budgetary estimates, unless of course it is a real and
true contingency, that we would come before Parliament in a supple-
mentary estimates appropriations bill to seek parliamentary approval,"
Mr Foulkes said.
A compendium of appropriation bills totalling $171 million was
debated in the Senate yesterday. The bills were expected to be passed
unopposed by early evening.
Mr Foulkes said of the $171 million, $88 million is for recurrent sup-
plementary funding and $83 million for capital supplementary funding.
"During the course of any fiscal year there are reasons for the gov-
ernment to spend over and above what was approved for ministries and
departments," he said. "These unforeseen circumstances are referred
to as contingencies. A good example of a true contingency is to spend
money without prior parliamentary approval if there is damage done
to any part of the country due to hurricanes or some other unforeseen
"It became the custom of successive governments to approve spend-
ing or contingency warrants for all expenditure for which there was no
provision in the budget. If in the event, for example, the government
found it necessary to spend an additional $10 million during the sum-
mer for school repairs, that became a contingency and a contingency
warrant was issued for the $10 million."
Mr Foulkes said this practice was illegal because the law requires that
a supplementary appropriation bill be brought to parliament before any
non-budgeted sums are spent by the government.


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0 In brief

Police struggle
to tackle surging
homicide rate
U.S. Virgin Islands
SIX PEOPLE were killed
on Christmas Day in the U.S.
Caribbean territories of the
Virgin Islands and Puerto
Rico, becoming the latest vic-
tims of a soaring violent
crime rate that authorities
blame mostly on well-armed
drug gangs, according to
Associated Press.
The U.S. Virgin Islands
reported a record 44 homi-
cides so far this year, but St.
Thomas Police Chief Rodney
Querrard said most victims
know their killers and that
the slaying are "rarely pre-
But with the tourist season
at its height and the islands
packed with visitors, authori-
ties are struggling to control
the violence blamed on street
U.S. Virgin Islands police
said five of the killings
occurred in urban housing
projects and communities far
from the tropical islands'
placid beaches and other
tourist attractions. The sixth
homicide, a fatal stabbing,
happened after a well-attend-
ed holiday dance at a St.
Thomas marine park.
In Puerto Rico, the three
Christmas Day killings raised
the island's annual homicide
toll to 710, 32 fewer than the
same date last year.
Puerto Rico's police chief,
Pedro Toledo, has announced
gang injunctions and offered
rewards for information lead-
ing to arrests of criminals.
Earlier this year, a violent
crime spike in the Puerto
Rican capital of San Juan led
the U.S. Justice Department
to dispatch additional teams
of federal agents to combat
gangs and lower the homicide



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



angry over

trash pile up

Tribune Staff Reporter
RESIDENTS of eastern New
Providence are fed up with the
unsanitary pile up of garbage
outside their homes.
They claim that no garbage
has been collected in two to
three weeks.
One resident of Sea Breeze
Lane is particularly incensed that
the problem has gone unchecked
at this time of year, in light of
the increased amount of trash
generated during the holidays.
"It's been about three weeks.
I've heard so many excuses
about why they haven't picked
up the trash from shortage of
garbage trucks, to part-timers
working and they don't have
enough workers and that's why
they can't come," said Filipe
Colebrook yesterday.
"But what I don't understand
is, some people on the other side
of Sea Breeze say they get col-
lection sometimes twice a week.
Why they can't they come here
at least once?
"And this ain't the first Christ-
mas they do this, this ain't the
first time we had garbage piling
up like this."
A resident of Orchid Close
told The Tribune that the smell
emanating from the piles
of uncollected trash is
"It's getting frustrating that

RESIDENTS HAVE claimed no garbage has been collected in two to
three weeks

every time to you turn around
there is more garbage piling up
and the stench is overwhelming.
Sea Breeze is suffering. We need
them to come as soon as possi-
"Some people get to the point
where they take the garbage to
the dump themselves, but that

2008 could be 'make or

break year on crime front'
FOR the Bahamas, 2008 could be "make or break" year on the
crime front, a leading pastor said yesterday.
The Bimini riot had demonstrated that the Bahamas must "wake
up" to the dangers it is facing, said activist Rev C B Moss.
"We are too complacent," he told The Tribune, "There is a
tremendous capacity for violence in this society."
Rev Moss, a leading voice in the Bahamas Against Crime cam-
paign, said the government, the church and every other element in
society must acknowledge that the country has a crisis on its hands.
"There are elements who downplay the seriousness of the situ-
ation," he said, "But now it is action time. First we have to acknowl-
edge the seriousness of the situation, then we have to rally round
a coherent plan.
"I think 2008 is going to be the make or break year. We must
recognize the scope of crime and resolve as individuals to do some-
thing about it.
"If sufficient individuals make the transformation, then the
impact will be felt nationally."
Rev Moss said all systems in Bahamian society had in some way
fallen short. "Society needs to become more accountable, first to
God and then to society's laws. What we call 'little crime' must be
stopped at its root.
"We can't facilitate it, we can't condone it. It is difficult to
demand that average individuals meet certain standards when our
leaders very often fall short."
The Bahamas Against Crime campaign is staging a day of nation-
al repentance on January 27, 2008, followed by a "crime free day"
on January 28, when everyone will be asked to focus on living
within the law.
Rev Moss said this included avoiding offences like running red
lights, evading customs duties and breaking speed limits. Once
Bahamians became more honest with themselves, they could one-
by-one transform the lives of the people.
"In addition, we have to socialise our children properly in our
homes, schools and churches," he said.

ain't what Bahamians paying
However, director of the
Department of Environmental
Health Melanie McKenzie said
that as far as she is aware, all the
routes in the Sea Breeze area
were collected on schedule.
Ms McKenzie said she was not
aware of any routes in Sea
Breeze having been missed for
two to three weeks.
"If there is a problem its only
a problem in that area (Orchid
Close)," Ms McKenzie told The
Tribune yesterday. She said that
she would double check to
ensure that her information is


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The Tribune Limited
Being Bound to Swear to The Dogmas of No Master

LEON E. H. DUPUCH, 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

Benazir Bhutto's epic life of controversy

ISLAMABAD, Pakistan (AP) Benazir
Bhutto was many things zealous guardian of
her dead father's legacy, aristocratic populist,
accused rogue, even one of People magazine's 50
most beautiful people. And in the end, she was a
victim of roiling passions in the nation she sought
to lead for a third time.
To the West, she was the appealing and glam-
orous face of Pakistan a trai-blazing feminist,
the first woman to lead a Muslim nation in mod-
ern times though her aura was dimmed by
accusations of corruption.
But to many Pakistanis, she was a leader who
spoke for them, their needs and their hopes.
Even her worst critics would say that "she
was a masterful politician," said Zaffar Abbas, an
editor for the respected Dawn newspaper.
"She knew what the people of this country
wanted. If you asked an ordinary person what
they achieved when Benazir Bhutto was in pow-
er, they would say at least she gave us a voice and
she talked about us and our problems. That was
her real achievement."
Her life was a sprawling epic. Her father, Pak-
istan's president and then prime minister, was
hanged; one brother died mysteriously, the oth-
er in a shootout. She spent five years impris-
oned by her father's tormentors, mostly in soli-
tary confinement, before rising twice to the office
of prime minister.
She fled before her conviction on corruption
charges, living abroad for eight years. She could
have lived there comfortably, far from the caul-
dron of Pakistani politics, but chose not to do so.
And when she returned in October to marshal
opposition to President Pervez Musharraf, a sui-
cide attacker targeted her homecoming parade in
Karachi. More than 140 people died.
The 54-year-old Bhutto escaped injury.
Like the Nehru-Gandhi family, which has long
been a force in the politics of neighboring India,
the Bhuttos have held a central role in Pakistan
for nearly a half century.
Benazir's father, Zulfikar Ali Bhutto, was the
son of a wealthy landowning family in southern
Pakistan and founder of the Pakistan People's
Party. With a populist, pro-democracy message,
he rose to power in 1971.
But six years later, he was deposed by the mil-
itary. In 1979 he was executed by the government
of Gen Mohammad Zia-ul Haq after his much-
disputed conviction on charges of arranging the
murder of the father of a political opponent. A
day before he was hanged, his daughter visited
him in prison.
"I told him on my oath in his death cell, I
would carry on his work," Bhutto would recall.
But at the time and for years after, Benazir
Bhutto could not fight for her father's cause -
she was in jail or under house arrest.
The elder Bhutto had sent his daughter to
study politics and government at Harvard and
then at Oxford, where she was elected to lead the
prestigious debating society, the Oxford Union.
Beautiful, charismatic and articulate, she was a
dangerous opponent for the military govern-
ment. Her youngest brother, Shahnawaz, organ-
ised opposition from France, but he died under
mysterious circumstances in his apartment on
the Riviera in 1980; the family insisted he was
poisoned, but no charges were brought. Released
in 1984 to seek medical treatment for a serious
ear infection in London, Benazir established a
People's Party office there, and waited for an
opportunity to strike back.
Two years later, she returned to lead mass
rallies calling for Zia to step down and allow a



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civilian government and elections. He refused.
But in 1988, the strongman died in an explosion
on his plane. Benazir rallied her father's party,
only to find that she was being opposed by her
brother, Murtaza and that her mother was
backing him. "In our family it was always a joke
that my mother had a soft spot for my brother,"
she told The New York Times in 1994.
Still, Benazir Bhutto won on a platform of
"food, clothing and shelter for all." And just
months after giving birth to her first child, she
took the office that was taken from her father.
Twenty months later, President Ghulam Ishaq
Khan dissolved parliament and removed her
from office, citing abuse of power. The new
army-backed government filed charges of cor-
ruption against her, while Islamic clerics tried
to get a court to bar her from running in elec-
tions. She was a bad Muslim, they said.
"Anyone who supports the Pakistan People's
Party will not enter heaven," a Muslim cleric in
Lahore, Abdul Qadir, told a Friday prayer con-
gregation ahead of the October, 1990, elections.
She lost the election to Nawaz Sharif. His time
in office was also short-lived because of more
accusations of corruption. Under pressure, he
resigned in 1993. Bhutto, by then a mother of
three children, won another second term as prime
minister in October, 1993.
In 1996, her government fell in the face of
accusations of nepotism and economic misman-
agement. Around the world. Bhutto was a fem-
inist heroine. And in her campaigns, she advo-
cated new services for women and opposed sex-
ual discrimination, though few measures were
adopted under her government.
In her personal life, Bhutto surprised many by
agreeing to an arranged marriage in 1987 with
Karachi businessman Asif Ali Zardari. She said
that, as the leader of a Muslim party, she was not
free to marry for love, which would have
"destroyed my political career," she told The
New York Times in 1994. But her marriage to
Zardari would play a major role in her downfall.
Over the years, the couple would be accused of
charging millions of dollars in "commissions"
from foreign companies. Zardari was called "Mr
10 Per cent" during Bhutto's first term because of
these alleged kickbacks. In her second term, the
take and the monicker were upgraded to "Mr 40
Per cent."
Zardari spent eight years in Pakistani prisons
before his release m 2004, though he was never
convicted on any charge, and both he and Bhut-
to said the accusations were trumped up and
political. Switzerland froze more than $13 million
in the couple's accounts, and convicted Bhutto of
money laundering (the conviction was thrown
out when she contested it).
Zardari also, briefly, was accused of engi-
neering the 1996 death of Murtaza Bhutto, who
died in a gunbattle with police in Karachi. His
death contributed to the fall of Benazir's gov-
ernment a month later. Bhutto tried for a third
term and lost. She left Pakistan in 1999, just
before a court convicted her of corruption and
banned her from politics. The verdict was later
quashed, but she stayed away. She spent much of
the time in London and in Dubai-with her chil-
dren and her ailing mother the same mother
who once opposed her political career.
Then Musharraf signed an amnesty, halting
any corruption charges against her and others.
And she decided to return to Pakistan and the
political arena once more. She was briefly placed
under house arrest when Musharraf declared a
state of emergency this fall.

A message to

Port Authority:

get this city

under control

EDITOR, The Tribune.
PEOPLE of colour who pop-
ulate, in the majority, the inner
city neighborhoods in Freeport
and Nassau, Bahamas, are
among the nastiest, most
unclean human beings I have
ever encountered in all my trav-
There seems to be little atten-
tion paid to, or regard for, their
health and welfare; and one gets
the impression that these inner
city dwellers are rather very
comfortable, living under these
sordid conditions which can only
be described as "Squalor".
I wish to state, emphatically,
for the record, that I am not
convinced that the majority of
these "Ghetto Residents" are
born Bahamians absolutely
not; on the contrary, I believe
that 90 per cent are of foreign
origin. Because the Bahamas is
predominantly a black nation;
most white foreign visitors and
residents alike, are not able to
distinguish between who is a
real Bahamian and who is not
and therefore, in most cases,
they form the single opinion,
and understandably so, that all
Bahamians live comfortably in
filthy, pig pen, conditions. It is
easy then, therefore, to see how
we can all be painted with the
same brush. A case of mistaken
identity, indeed.
Growing up in the Bahamas
during the times we like to refer
to as the good old days, notwith-
standing our lack of most of the
things we now define as essen-
tials, we were taught, daily, that
cleanliness was next to Godli-
ness and we never dared offend
"GOD"; that pride in ourselves;
pride in our surroundings; pride
in what we did; pride in the way
we deported ourselves; respect
for our seniors; respect for peo-
ple's property and not to pick

up what we didn't put down.
We didn't have a choice as to
whether we would obey our par-
ents in these matters or not-
we simply obeyed, or else. Con-
sequently our humble places of
abode were always clean; our
outside surroundings were
always spic and span; our per-
sons were clean, always; we had
to wash hands before meals and
brush our teeth after meals (we
used products other than tooth
For general cleaning purpos-
es, our cleaning supplies con-
sisted of dried turbot fish skin,
screen wire, soap bush, a bucket
and plenty water.
We got down on our knees
and when we got up, those
wooden floors, kitchen table and
wooden benches were golden
We had to make our own
brooms from straw, of which we
had no lack and our fashion
designers were our mothers.
Thank God for "OK" flour
bags, which comprised the sum
total of the material needed to
produce our clothing.
The fortunate ones among us
had relatives working in Nassau
who would send them a box of
"hand-me-downs" every now
and then. I am telling all this to
show that black and white
Bahamians, growing up in the
Bahamas between the 40's and
80's, were raised with pride,
respect and appreciation.
The many "ghettos," which
seem to have become very pop-
ulay, nowadays, springing up all
over the inner cities of Freeport
and Nassau, are indicative of the

foreign cultures, I submit, which
have invaded our communities.
They are not habits of the tradi-
tional Bahamian way of life.
This is not to say that you
won't find a few Bahamians,
who have, either fallen or were
pushed through the cracks,
among them, but for the most
part this "Getto" mentality is
part and parcel of the mindsets
of these imported cultures dom-
inating our society.
I have called on the Grand
Bahama Port Authority before
and I am calling on them again,
please take control of this City.
Can't you'll see that the "Get-
tos" are about to smoother us?
They are moving further and
further into the affluent areas
of Freeport and it won't be long
before they drive us into the sea,
unless they are stopped. Clean-
up programmes are a laborious
waste of time; we have seen
many groups, from time to time,
go in and thoroughly clean up
areas, only to find that within
weeks, later, they are in worse
condition than before.
There is no use cleaning up
the outside, when in fact the
problem is on the inside.
Wash down a pig, spray him
with cologne and tie a few bows
on him, but keep him tied up,
for God's sake, because if you
let him loose he will run direct-
ly for the mud and sloop. Why?
Because he is a pig and that is
where pigs are more comfort-
able and at home.
Get this city under control,
Mr and Ms Port Authority. Get
this city under control. Those
are my views.
Grand Bahama,
December 22,2007.

No wonder we have such a mess

EDITOR, The Tribune.

WHEN a Prime
Minister/Minister of Finance
admits that successive govern-
ments have in fact breached the
law over Contingency Payments
considerably over the stated
limit one has to ask well does he
really mean what he says as why
there should suddenly be a

To All My

Valued Clients

( I Am No Longer Employed

change in this practice?
The difference now is that
Ministers will go to Parliament
to still radically overspend and
as long as a government has a
majority what has changed?
What we need are laws that
will disallow any further sanc-
tioning of borrowing over and
above the approved Budget -
Yet again government
breaches the law, in fact The
Constitution, and no one is
going to be held responsible and
we wonder why we have 78
murders this year?
Is the Financial Secretary or
the Treasury of The Bahamas
responsible? What are their
Constitutional positions in such

No, Editor, yet again and mil-
lions of dollars later we will pro-
ceed as we have previously, as if
we did nothing.
The only nothing I see is that
these folk are "good for noth-
ings" and all part of the reason
why we have such a mess in The
Do you recall then Minister
Algernon Allen right after the
first consecutive election of the
FNM saying Thank God for
deficits! All $167 million of
them in that case.

December 12, 2007.

With Lampkin & Company Thanks for causing us a lot of

Cindy John

of Red Bays, Andros

From your children, grandchildren,
great-grandchildren, neices, nephews and a
host of relatives and friends.

We're so blessed to have you with us!!

smiles, Dr Hon Hubert Minnis
EDITOR, The Tribune.
INTERESTING, however, could it not be a foretelling of the
aspirations of one Dr Hon Hubert Minnis, Member for Killarney
that the billboard sign outside of his constituency office claims
that Dr Hon Hubert Minnis is now....Rt Hon Dr Hubert Minnis,
1 thought the only leadership challenge was in the PLP but it
seems quietly in the night it might be foretold there is one also in
the FNM!
Almost as good as a Shakespearian tragedy.
Thanks for causing us a lot of smiles Dr Hon Hubert Minnis, you
certainly are a brave man.
December 17,2007.

"God is our refuge &
Congratulations to Rev.
Diana Francis on your
installation as Pastor Elect.
7:00am, 9:00am, 11:15am
Marriage Officer, Counsellor. Intercessor
Phone: 323-8452 393-5798
Fax: 326-4488/394-4819



. Q aliy utoSal s

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T E RB ERD E E E 2, 0 ,P E

Death of Bimini man

prompts a new call for

introduction of taser guns

4 I 1, . -

A NEW call for the introduc-
tion of taser guns has been made
following the killing of a Bimini
man during a scuffle with police
last weekend.
The stun-guns temporarily
incapacitate, rather than kill, tar-
gets and are seen by some
American police forces as an
alternative to deadly .38 or .45
The call for Bahamas police
to introduce tasers for use in cer-
tain situations came yesterday
from former assistant police
commissioner Paul Thompson.

S He said while handguns were
appropriate for certain danger-
ous assignments, tasers could be
used in "lower level" incidents
such as fist-fights and drunken
"If a taser had been used in
Bimini last weekend, this man
would still be alive," said Mr
Thompson, now a security con-
"Tasers are preferable if
police are called to brawls and
the like," he said, "Of course, if
people are using guns, knives or
cutlasses, then deadly force may
* be necessary."
His comments came as Bimini
continued to simmer in the wake
of the killing of local resident
Ashcal Rolle at the Bimini
Breeze Bar in Alice Town three
days before Christmas.
Mr Rolle died shortly after
being shot in the head during a
scuffle with two police officers,
one of whom allegedly fired a
handgun after he was hand-
cuffed and lying down.
Bimini residents subsequently
burned down the police barracks
on the island and destroyed two
boats during a furious backlash
to the killing.

Pest5 ontrl,
Tropical Etemt,? s

Mr Thompson said tasers had
proved effective in the United
States, where hostile suspects
could be brought down and
arrested without being killed.
"Unfortunately, young offi-
cers in particular sometimes suc-
cumb to fear when confronted
with dangerous situations," he
"If they are equipped with
deadly handguns, this can mean
them reaching for their firearm
when they feel in danger, when a
taser might well be the more
appropriate response.
"At the moment, Bahamian
police don't have tasers, so
young officers resort to the
deadly force they have on their
"And modern firearms have
triggers that react to a little
twitch. I think this is something
local police should pursue."
Tasers are electro-shock
weapons which disrupt superfi-
cial muscle functions. Some
lypes administer shocks through
thin, flexible wires, others
operate only through direct con-
They have not been free of
controversy, however, with a
United Nations committee
claiming they can be considered
a form of torture because of the
acute pain they cause.

Amnesty International has
also raised concerns, claiming
the weapons can be misused for
extracting information from pris-
oners because they leave no tell-
tale markings.
Some security and martial arts
experts have also cast doubt on
their effectiveness on really
determined aggressors.
They can give users a false
sense of security and merely irri-
tate rather than deter a powerful
Even so, Mr Thompson said
tasers ought to be given a chance
by local police when taking
down awkward, but not poten-
tially lethal, suspects.
"There are situations where a
deadly weapon is not the

answer," he said.
"I think the Bimini incident
was probably one of those where
a taser might have been the bet-
ter option."

A UlllI AvlL



Executive Motors Ltd.
will close at 1pm on
and re-open on Thurs(

We will close at 1pm c
and re-open on Wedi

We would like to thank all our va
0 during the year. We look forwan
support in 2008 and wish eve


\INM llMll Shiri, iCL.. .I
EXECUTrIVE N10 1.1 'i '"..l. ..5
MOTORS LTD le""" 397-1700
S\TIIORI'LU DM \l TSL F r ml "ain, m c' hl.l 'u
\nDT(lO( r\ DE \I.F r Parlnlundurvk i esardalnfe



& Quality Auto Sales Ltd.
Monday, December 24
lay, December 27, 2007.

Dn Monday, December 31
nesday, January 2, 2008

ilued customers for their f
d to your continued friend
ryone a safe and happy hc


., .. rr .. o~ b o IFMto BDrMa , -
....... orMbaioMo or ,l Don MacKay


I *4


s w

Iship and

Ir Y s"IfED
* 325-3079 397-1700
y lv', 367-2916



4 1A T f, ,

f k ~

z)JY~- bO~jL~

IT *-~. fr *.-. '



My 12 wishes for the Bahamas in 2008

ajbahama@hotmail.com r v 1

the Bahamas, 2007 has
been a roller-coaster year, filled
with the excitement and explo-
siveness of a general election
campaign and numerous nation-
ally recognized deeds, while also
featuring a myriad of sleaze and
political scandals, an upsurge in
violent crimes and poor nation-
al exam results by a majority of
graduating seniors and grade
nine students.
This was also another year
that this country was besieged
by illegal immigrants and saw a
sharp, disquieting decline in
tourist arrivals. Since we are tin-
kering on the brink of a new
year, I've decided to proclaim
my 12 wishes for the Bahamas in

1. The Bahamas' educational
system desperately needs to be
revamped. The government, par-
ents and educators must all
begin to think outside of the box,
particularly since our current
educational set-up is producing
hordes of arithmetically-chal-
lenged, illiterate half-wits who
are soon expected to manage
our country's affairs.
This new year, we must make
a conscious, courteous, curt
effort to assist and encourage
our student population in a unit-
ed thrust to strive to increase the
national GPA from a D to a C.
Frankly, I am not an advocate
of standardised tests. I firmly
believe that while some students
may perform well academically,
standardised tests cannot mea-
sure the full range of the multi-
ple intelligence.
Standardised tests are also
criticised for tending to be out-
dated as a curriculum changes,
failing to assess an adequate
sample of skills and for failing
to meet the standards of their
own field, among several other
Only the most scholarly of
students, in my opinion, should.
be permitted to sit the
BGCSE/BJC exams. To truly
diversify and establish a more
comprehensive educational sys-
tem, the government and pri-
vate entities should also con-
struct technical and vocational
schools to teach the less bookish,
academically-disinclined stu-
dents a trade/skill.
It is a misconception to
assume that every Bahamian is
studious enough to become a
doctor, lawyer, educator, or to
attend university. There will
always be a need for repairmen,
handymen, plumbers, masons
and so on. At grade nine, teach-
ers and administrators should be
able to gauge a student's abili-
ties, and thereby separate the
more scholarly students from
those with technical and voca-
tional leanings.
Moreover, consideration
should be given to establishing a
pilot programme, where male
and female students are educat-
ed at separate schools/classes.
This possibly will revolutionise
education and lead to greater



i k

0( 1 I
El~ A (. ..-;

I I -
Reginald Ferguson

productivity, as students of both
sexes would have fewer distrac-
tions and spend less time seeking
to impress one another.
School violence, whether
between students or against
teachers, continues to be a
national concern. Enhanced
security measures must be
employed to protect teachers
from aggressive students and
violent parents/relatives, as well
as to protect students from each
other (eg, the use of metal detec-.
By now, many readers are
aware that I am also an educator
at the SC McPherson Junior
High school. Recently, as I was
departing the campus at the con-
clusion of school, I was loutishly
approached by the seemingly
unhinged aunt of a student who
brazenly waylaid at the
unmanned security booth sit-
uated just before the school's
administration's office for me
to exit the compound.
After being rudely accosted
by this young woman, whose
intent I was oblivious to, I was
asked to identify myself and
grilled as to why I "give these
students so much work." Imme-
diately taken aback, I briskly


Neko Grant

inquired about her identity and
why she had approached me in
such a boorish manner (her
niece, who is also a student in
one of my classes, had brought
her to confront me and was also

following this exchange.
she again asked: "Why
you does give them all these pro-
jects and all this work?" Flab-
bergasted, I explained that the
students attended school to
learn, which encompassed class
work, projects and homework.
I invited two colleagues in my
department, who were wide-
eyed and passing, to listen in and
offer opinions as the conversa-
tion was becoming increasingly
Having detected that any fur-
ther dialogue between us was
beyond any appreciable point, I
left and invited this errant indi-
vidual to contact me through the
school's office in future.
After reporting this incident
to the principal, I formally met
with the offending student's
mother. Although a half-hearted
apology was offered by the par-
ent, rather than addressing the
school's security measures and

the matter at hand, the adminis-
trator present sought to ques-
tion the curriculum, its execu-
tion and seemed to suggest that
students be given fewer projects,
that I've been advised is in direct
contravention of the curriculum
(a copy of which I promptly pro-
vided to her following our meet-
Nothing has been said about
the matter since then, no formal
apologies have been rendered
and the school's security mech-
anisms remain in a lacklustre
When I was accosted I was
luckily unharmed, but what will
be the end result for another
educator if conditions at public
schools remain the same? I con-
tinue to be perplexed that a rel-
ative could question why a stu-
dent was being given "so much"
school work! I wonder if she
would have preferred if the child
was given no assignments?
As the New Year draws near,
there is an urgent need for con-
structive reinforcement by par-
ents who should positively
become involved in their chil-
dren's lives.
This year, rules for attending
prom should also be imple-
mented, specifically one that
requires students to attain the
required passing standards to
participate in the ball. If schools
adopted this approach, many
pupils would work towards that

2. In the New Year, Bahami-
ans must strive for greater social
cohesion and partake in com-
munity drives to reduce violent
crimes. The past year has been a
record year for murders, and was
one in which the Bahamas rated
highly among countries per
capital where rapes and
heinous murders are frequent.
In 2008, we must return to being
our brother's keepers.

3. Next year, I wish that our
declining tourism numbers can
get a facelift and speedily recov-
er, particularly since 90 cents of
each dollar earned locally is gen-
erated from this industry. The
Ministry of Tourism and other
interested parties must hastily
movt to ensure that tourists are
offered better vacation packages
apd services, that the tourist
product is enhanced and that
there are superior attractions.

41 hope that both major polit-
ical parties would move forward
with the people's agenda,
scrupulously working towards
bettering the Bahamas instead
of squabbling over semantics
and other trivial, rather foolish
barbs. Several FNM (govern-
ment) and PLP (opposition)
MPs must bypass their gargan-
tuan egos and pass constructive
legislation for the betterment of
the country.
In 2008. both parties should
begin looking towards the future
and start preparing the next gen-
eration's leaders to succeed the
current head honchos, as no par-
ty presently seems to have any
plans in place to ensure a smooth
transition from one leader to
another without there seeming

"This year, rules for attending
prom should also be
implemented, specifically one
that requires students to attain
the required passing standards
to participate in the ball. If
schools adopted this
approach, many pupils would
work toward that milestone."

to be a leadership void.

5..Greater effort must be
made to diversify the economy.
We must gradually begin shifting
from tourism to other industries
or we will become a nation of
overly dependent, virtual slaves.
Sadly, although the Bahamas
government may change, their
investment policies, that pri-
marily focus on developing
hotels and high-end exclusive
communities, remain the same!
Our government must
encourage the local entrepre-
neurial spirit and foster eco-
nomic diversification through a
variation of different industries
such as farming, fishing, gaming,
research and development, man-
ufacturing and so on.

Tragically, both the PLP
and the FNM govern-
ments have sold and practically
given away our best land. Resi-
dents of New Providence are
practically landlocked, as many
of the prime beaches have been
sold to foreign speculators/devel-
opers and locals are now con-
fined to overcrowded beaches
such as Goodman's Bay, and the
rocky shores and murky waters
of Montagu and Saunders

6 Next year, certain members
of the country's religious (Chris-
tian) fraternity should seek to
do more than merely sit on gov-
ernment boards, manipulate and
exploit parishioners, and live lav-
In the fight against crime and
other social ills, the Bahamas
Christian Council must lead by
example, focusing more upon
community outreach pro-
grammes in helping to curb
crime, assisting the poor, social-
ising our people and playing an
active role in the lives of citi-
zens, instead of the usual utter-
ances, self-aggrandising gambits
and apparent politically driven

7. In 2008, I wish that the gov-
ernment would formally articu-
late its position on capital pun-
The Privy Council's latest rul-
ing on the death penalty decreed
that after the local courts have
convicted a defendant accused
of murder, a separate hearing
must be held to determine
whether a convicted murderer
is sentenced to death or life in
prison. The ruling of the high

court never renounced the death
After a suspect is convicted
of murder and sentenced to
death, the Police Commission-
er should immediately be sum-
moned to read his death war-
rant, particularly if he has
exhausted all appeals. As it
relates to capital punishment,
the law as entrenched in the
Constitution must be carried

8. In 2008, consideration must
be given to removing the
Bahamas from the majors list
(top 20 countries) of illicit drug-
producing or drug-transit coun-
tries, particularly since the
Bahamian government and law
enforcement agencies tena-
ciously co-operate with their US
counterparts on drug detection
and extradition matters.
Since US-bound cocaine pass-
ing through the Bahamas has
seen a 60-plus per cent decrease
since the seventies and eighties,
the Bahamas should be reward-
ed for its efforts. Even more, if it
was not for the neurotic demand
for drugs by American con-
sumers and the geographical
location and composition of this
country, the drug trade here
would be on a much smaller
scale. So, who is really to blame?

9. A completed straw market,
with genuinely Bahamian prod-
ucts, could provide an boost to
our jaded tourist product.
With the construction of a
new market, the government
should no longer subsidise ven- ;
dors but instead require each
purveyor to pay rent and a main-
tenance fee. The products sold at
the market should also be 100
"per cent Bahamian-made and at
least 90 per cent of the market's
occupants must be Bahamian
vendors (all other persons must
be legal workers).

10. The influx of illegal immi-
grants, particularly Haitians,
must be urgently tackled.
The Defence Force should be
commended, though they must
improve their detection and
apprehension of illegal immi-
grants in Bahamian waters. Next
year, the immigration depart-
ment must effectively develop
its intelligence gathering and
conduct more precise, organised
immigrant round-ups.
Immigrants, particularly those
from Haiti, will soon outnum-
ber Bahamians if the immigra-
tion crisis now confronting this
nation is not curbed. Bahamians
are becoming more career-ori-
ented and having children later,
in contrast to Haitian immigrants
who are chronically having chil-
dren. At the present rate, we will
soon have a nation within a
Furthermore, any native boat
captain caught smuggling immi-
grants in the Bahamas should be
charged with treason!

11. Corporations such as
Batelco, BEC and Bahamasair
should be privatised and demo-
nopolised in the New Year.
Although Bahamasair's pilots
are among the world's best, the
airline is a pecuniary albatross
and a $400 million burden to tax-
Cable Bahamas must fulfil its
contract to cable television/inter-
net to the Family Islands, as
many islands do not have cable
or only have its services in cer-
tain patches. In Long Island, for
example. Cable Bahamas has
been in the south for years while
residents in the north continue to
seek its services but to no avail.
All monopolies afforded to local
service providers should be void-
ed, so as to encourage competi-
tion and better services.

12. The Family Islands, includ-
ing Grand Bahama, are in des-
perate need of an economic
"kick in the pants."
Islands such as Long Island
arc in urgent need of infrastruc-
tural improvements, more job
opportunities, road repairs (eg,
O'Neal's), etc. The govern-
ment/local entrepreneurs should
take note in 2008!

Happy New Year Bahamas!

Didn't get what

you wanted for


7660 I Marathon Mall (242) 393 7979

Oil prices pushing up cost of Boco

M-l MPWK A*.. W M^^^ nL^^ ^ -1- i -^B

y e triit for uauG ~ nm

residents Power company

Tribune Freeport Reporter
FREEPORT Grand Bahamaresi-
dents are experiencing an increase in
the cost of electricity due to the con-
tinuing rise in oil prices, according to
the Grand Bahama Power Company.
The average customer using 655 kilo-
watt hours (kWh) per month has expe-
rienced a $35 increase in their power
bill, the company said.
In a press release issued to The Tri-
bune, the Grand Bahama Power Com-
pany noted that the price of oil has
"almost tripled" in the last two years.
The company said it is open to alter-
native sources of electricity production
and continues to look for innovative
ways to counteract the impact of rising
fuel prices such as: obtaining fuel
through a competitive bidding process
that includes major international sup-
pliers and adding the most efficient gen-
erators to their plant equipment in order
to ensure that their consumption of fuel
oil is minimised.
The company explained that cus-
tomers' monthly electricity bills are
made up of two parts; the base tariffs
and a monthly fuel surcharge.
"While the base tariff typically
remains constant from month to month,
the fuel surcharge is calculated month-

ly and changes as the price of fuel in
the world market changes.
"The fuel costs are passed on to cus-
tomers in the form of the fuel surcharge
and represents the cost of fuel only;
Grand Bahama Power Company makes
no profit on these charges," it stated.
Currently, fuel surcharge is almost
what it was this time last year.
In November, 2007, a barrel of fuel
cost $75 compared to $45 the year
Tish Simmons, financial controller at
the company, said: "while customers
expect to see some savings as a result of
lower power usage during the winter
months, unfortunately this increase in
fuel prices will mean that their bills may
not decrease as much as they are accus-
tomed to."
She said when comparing power bills,
customers should focus on kWh con-
sumption, which should be similar to
prior years, provided there hasn't been
much change in their lifestyle.
The Grand Bahama Power Company
said it wants to make sure that its cus-
tomers are aware of these increases and
take time to seriously consider some of
the following energy saving tips:
Turn off lights, televisions and com-
puters when not in use
Reduce the temperature setting on
water heaters

Unplug chargers from the wall when
not in use
Unplug remote controlled devices,
televisions and VCRs when not in use
Use energy efficient fluorescent
light bulbs
Try to co-ordinate your ironing so
that you are not using the iron every
When using the washer and dryer
always wash full loads
Wash clothes in cold water. Some
detergents are now specially designed to
work as well in cold water as in hot
If you are using your air condition-
ers increase the temperature setting and
use ceiling fans
If you have a pool make sure you
have a timer that only runs for four to
six hours per day
Make sure that all work done on
your home's electrical wiring or equip-
ment is done by a licensed electrician
The Grand Bahama Power Company
said that at part of the company's con-
tinued commitment to increase com-
munication with its customers, it will
publish the fuel surcharge rates along
with energy conservation tips in starting
in January 2008.
The company also reminded cus-
tomers that the Customer Call Centre
(352-8411) is available 24 hours a day to
answer all bill queries.

THE Save Guana Cay Reef __
Association (SGCRA) yesterday
continued to hit out at Prime Min-
ister Hubert Ingraham and the
FNM government, promising to
take the matter to the courts and
stop the Baker's Bay development
on Guana Cay.
"We are going to fight you in .
the courts and we are going to let
the world know that you are back- UNDER FIRE: Prime Minister and
ing reef-killers," the association Minister of Finance the Rt. Hon.
said yesterday in an open letter to Hubert Ingraham
the prime minister.
The SGCRA said it fears the
people of Guana Cay will suffer the same fate as those of Cherokee.
The association said that Mr Ingraham was one of those who praised
the Abaco Club on Winding Bay at Cherokee a few years ago.
"Remember all the great things that Mr Peter de Savary (founder of
the Abaco Club) was going to do.
"Water for all of Cherokee, jobs for Bahamians, money by the millions
and all we had to do was to give up a little bit of our Crown land and Mr
de Savary would do the rest. The rest is history.
"De Savary is gone, money is gone, land is gone, hundreds of acres of
land gone, and millions of gallons of water gone, millions of dollars for
our treasury gone," the SGCRA accused in its letter.
The association said that it has been less than three years since the
Abaco Club was approved and the government is now asking the peo-
ple of Guana Cay to make the same deal with the Baker's Bay devel-
opers that the Cherokee people made with Mr de Savary.
"Only this time it won't be millions, it will be billions. Plus, according
to the world's leading marine scientists from Jean Michael Cousteau to
Dr Thomas Goreau, the golf course only a few feet away from the
world's third largest barrier reef will die a slow death from fertilisers,
pesticides, waste water and herbicides," the association said.
The SGCRA further claimed that these scientists sent both Mr Ingra-
ham and former Prime Minister Perry Christie reports and letters and
did not receive any acknowledgment from either.


Rescuer describes

finding sole survivor

of Panama air crash

IRANItSCA LEWIS is carried on a stretcher into an ambulance after Deing
rescued in the town of David, west of Panama City, on Wednesday,
December 26, 2007.
Miguel Vurac passed up his chance to open Christmas presents with
his family, instead hunting through cold Panamanian mountains for
three Americans and the pilot of a downed plane, according to the
Associated Press. Hours into the search, he was stunned by a faint cry:
'Help me."
The 32-year-old electrician was part of a group of Panamaniar vol-
unteers who on Tuesday found 12-year-old Francesca Lewis, the
crash's sole survivor. They also found the bodies of Francesca's
friend Talia Klein, 13; Klein's father, Michael Klein, 37, a prominent
Santa Barbara, Calif., businessman; and Panamanian pilot Edwin
Lasso, 23. The weather was so foggy and cold that emergency crews
had suspended the search. Vurac's brother, Manuel, suggested their
group also turn back. But "my heart told me to go on," Vurac told The
Associated Press by telephone.
Using his binoculars, he spotted a white object hanging from a tree
and hiked for an hour and a half to reach what turned out to be the
scene of the crash, near the jungle-flanked slopes of the Baru volcano,
270 miles west of Panama City.
"My first impression was that no one had survived,' Vurac said.
One of the plane's wings and part of its body were hanging from the
trees, and another part of the body lay on the ground. Vurac and his
two companions began clearing the area with a machete to get a
better view. "All of a sudden we heard a voice saying 'Help me,"'
Vurac said. "We were stunned."
The three discovered Francesca inside the body of the plane face
down, underneath her overturned seat, and with two small suitcases
on top of her. They also found a corpse in the cabin and two more out-
side the plane. Vurac and his brother declined to describe the scene
in more detail, saying that should be left to police.
Francesca was freezing, so Vurac and his companions wrapped her
in a blanket and garbage bag and gave her a local sugar cane drink to
raise her body temperature.
They spent the night with the girl, keeping her awake out of fear she
would lose consciousness. Manuel Vurac had left, but returned at
dawn with a team of rescue workers after keeping in touch with his
brother by cell phone throughout the night.
Rescue workers struggled for several hours against heavy rains and
high-altitude winds to carry Francesca by stretcher from the crash site
to a spot where a helicopter could land, said Chiriqui Civil Protection
Director Armando Palacios.
A preliminary investigation showed the Cessna 172 struck a tree and
split in two, said National Civil Protection Director Roberto
"It is miraculous that the girl could survive that impact," he said.
Francesca suffered hypothermia, contusions and muscle injuries but
was in stable condition Thursday at a private hospital in nearby
David with her parents, Valerie and Kirk Lewis. She had been vaca-
tioning with the Kleins, and her family flew to Panama as soon as they
learned the plane was missing.
Dr. Samuel Cattan told the AP by phone Thursday that Francesca's
condition was steadily improving and estimated she could fly back to
Santa Barbara in less than a week. He said doctors had been working
to keep her kidneys free of toxins released into the blood after her
body was banged repeatedly.
"She's doing well, but obviously this is a girl who has suffered
traumas that she'll have with her for the rest of her life," Cattan
said. Michael Klein was the chief executive officer of Pacificor LLC,
a Santa Barbara-based company that manages several hedge funds.
He founded two companies in the 1990s before becoming president
and CEO of eGroups Inc., which was the world's largest group e-mail
communication service. Yahoo Inc. purchased eGroups for $450
million in August 2000 and it is now known as Yahoo Groups.


Tiffany IHearts pendants in yellow and white gold with diamonds.
NASSAU 28H4 BAY STiEL 21 2 1 2 02m ( A IA S IS I ISI.SLAN s IN U I'A A1 ANI 24 2 II A I 'no M l i6S I IIIIA It 1% \lS It 21U In, 21 :

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Man found *
with multiple ustces am to ever n
stab wounds justices aimtdeI

FROM page one
death were pulled down to
her thighs while her neck
showed signs of physical
trauma. Reports also indi-
cate that a type of material
was found around the vic-
tim's neck.
Yesterday, head of
the Central Detective Unit
Chief Supt Glenn Miller
identified the deceased as
Ethel Pratt, 45, of Johnson
While investigations are
continuing, Chief Supt Miller
said detectives are still ques-
tioning people and "trying to
connect the pieces" of the

on Pinewoo

FROM page one

begin at this time.
The PLP and FNM sides
have already acknowledged,
based on the evidence, that 85
votes should be thrown out, 56
should remain, with another 42
remaining in dispute.
If the court accepts that 85 or
more votes should be discount-
ed, scrutiny, or a recount, would
be necessary before the lawful

winner of the seat is declared.
Lead attorney for the FNM
Michael Barnett also present-
ed his reply submission yester-
day before the adjournment.
He emphasised that the peti-
tion presented on behalf of
Allyson Maynard-Gibson is
based on the issue of ordinary
residence, along with the objec-
tion to one voter Jamaican
Manani Taylor based on citi-
zenship. Mr Barnett strongly

january 21

objected to the petitioner -
Allyson Maynard-Gibson pre-
senting new grounds other than
those mentioned in her filing.
In his written submission, Mr .
Barnett argued that, according
to rule 14(3) of the election
court rules, "no evidence shall
be given by any party against
the admission or rejection of
any vote or as to any ground of
contention which is not speci-
fied in a list filed by him."
Mr Barnett said that with
these being the stated reasons in
the petition, votes should not
be discarded for other reasons,
such as the argument that some
voters were not properly regis-
However, Mr Barnett empha-
sised that if the court deter- only have on
mines other voters are non-cit- dence.
izens, such as Betty Charles This issue p(
Joseph, those votes should be voters who ga
struck out. Questions were living in both I
raised during the case as to eral days a we
whether Joseph is Haitian or places outside
Bahamian. on others, dur
For the record, Mr Barnett period that wo
said, the second respondent to vote in the
Byran Woodside did not wish Mr Davis, i
to uphold the votes of non-citi- again argued
zens. issue in Mrs M
The FNM lead counsel also petition is whi(
argued that the court should the majority of
accept the argument presented It would be
by PLP lead counsel Philip justice, he said
'Brave' Davis that voters can side of the issue

FROM page one

spiracy" against him by Minister of State for Pub-
lic Works Phenton Neymour.
Mr Butler claimed in the letter that his rein-
statement is the only way the matter could be
"successfully concluded", particularly taking into
consideration the fact that the Ingraham admin-
istration was elected on a "platform of trust".
The ex-chairman claimed that from the time he
was first appointed to the corporation on June 1,
Mr Neymour appeared to seek to handicap him in
his efforts to carry out his duties.
rr Butler described how MrJNeymogr. lggd.-
ly ougHtt tdicny him certain privieges ifter'he
-ij not promote two female&iapljyt4 re.e m-
nded by the minister. -'' ....
In a statement released by Mr Neymour on
September 6, the State Minister said that he took
"particular offence" to this allegation.
Mr Neymour said that at no time did he
attempt to instruct him to promote any employ-
ee of the corporation. What did happen, accord-
ing to Mr Neymour, was that two employees
wrote to him alleging victimisation and he for-
warded their complaint to Mr Butler with a cov-
ering letter asking him to review the complaint
and say how the matter could be resolved.
Mr Butler also laid blame for his dismissal at
the feet of WSC chairman Michael Barnett for
being aware of what he considered Mr Neymour's
"wrongful actions" and not ultimately "standing
up for what is right" despite having "responded
negatively" to certain actions taken by Mr Ney-
mour at the time:
In the House of Assembly Mr Neymour raised
the matter in early December. Mr Mitchell

e ordinary resi-
ertains to several
ive testimony of
'inewood for sev-
;ek, and in other
the constituency
ring the relevant
uld qualify them
in his response,
that the central
ch party attained
f lawful votes.
a miscarriage of
, if evidence out-
e of ordinary res-

idence, which emerged during
the proceedings, is not consid-
If the justices accept the argu-
ment Mr Davis presented on
'this issue, evidence that dis-
qualifies voters for reasons oth-
er than ordinary residence
would be taken into considera-
tion as the justices deliberate.
In conclusion of his written
reply submission, Mr Barnett
"The challenge of this court is
to determine the quality of evi-
dence it requires before it dis-
allows the vote of a person who
is on the register for the
Pinewood constituency. This
court should have regard to the
quality of the evidence relied
*upon by previous election
courts. Those courts required
direct testimony and did not dis-
allow votes based upon hearsay
evidence and in no circum-
stance has the court disallowed
a vote based simply on the evi-
dence of a single person where
the voter alleged stated that he
was resident in the constituency
during the relevant period."
Before the adjournment, no
specific time-frame was given
for the ruling by Senior Justice
Allen and Justice Jon Isaacs
yesterday other than the desire
to conclude the matter before
January 21.

Water and Sewerage
accused Mr Neymour of seeking to "poison the
well" at a time when he knew that litigation was
pending and there was a dispute between Mr
Butler and the corporation about his disengage-
ment and the compensation offered.
Mr Neymour told the House that Mr Butler
had worked as a consultant to two other public
corporations beside his main employer, the Water
and Sewerage Corporation. He disclosed the lev-
el of compensation for these consultancies.
MP for Golden Gates Shane Gibson later said
th iat iajffeis Alyafititiosedl to accept Me
'other co ris aiiiesian'1 that the money he ws
paid was money fo' vuate given. '
Mr Butler is considered an expert on perfor-
mance appraisals and Mr Gibson said that both
the National Insurance Board and the Bahamas
Electricity Corporation were satisfied with Mr
Butler's performance in that regard.
Mr Mitchell said in a statement yesterday that
"on further reflection, it must again be repeated
that Mr Neymour was wrong to seek to poison the
well in the way he did in the House of Assembly.
It betrays a strange penchant that the young neo-
phyte ministers in the Ingraham Cabinet have
for begrudgefulness when it comes to Bahamians
and their compensation."
The writ does not deal with the allegations
raised by Mr Neymour in the House or of the con-
sultancies but Mr Mitchell says that there are
other remarks that have emanated from the min-
ister and the corporation outside the House that
may lead to defamation writs against him and
the corporation.

One Family are

the unofficial

winners of the

Boxing Day parade

FROM page one
The Prodigal Sons, who presented a theme similar to that of
the Sakons "Come Celebrate Africa" were disqualified
because of "ineligibility due to the number of participants,"
Mr Hanna said.
Addressing a modest crowd at Arawak Cay yesterday evening,
the chairman of the parade management committee explained
that because many of the groups were unable to make the Bay
and Shirley Streets route twice, the decision was made to judge
all groups on just one lap.
In the "best music" category. One Family was also able to
achieve first place with 445 points. The Saxons placed second
with 426 points followed by the Music Makers in third with
387 points. Roots placed fourth with 373 points.
One Family also dominated the "best costume" category,
taking first and second places with their depiction of "Operation
Education" and "Bahamas, We Need Peace", respectively.
The Music Makers placed third with their costume entitled
"Vegas Live."
In the category of "choreographed dancers", Saxons placed
first, followed by Roots in second place, One Family in third and
Valley Boys in fourth place.
The Saxons Super Stars also won the "best off-the-shoulder
costume" with Music Makers coming in second and One Fam-
ily coming in third.
One Family, the Music Makers, Roots and the Saxons also
shared the fourth place in that category for other costumes.
In the B groups category, parade management chairman Mr
Hanna said that due to the rain halting the parade premature-
ly, separate winners were declared for Bay and Shirley Streets.
On Bay Street, the One Love Soldiers Junkanoo Association
were declared the winners of the Boxing Day Parade, while the
Original Congos were announced as the winners on Shirley

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Y u i ho o e g t o i .

STo Chavez hopes to mediate broader
Chlauncey yInnes humbled Colombian settlement after hostage nndover
a CARlACA.C Venezuela

, CAt(&A Vn

by Cacique nomination

Sandals Royal Bahamian staff member

is Employee of the Year finalist

CHAUNCEY Tynes is as
unique as his name and as
charismatic as the ever pre-
sent smile he wears.
Recently named a Cacique
Employee of the Year final-
ist, Chauncey says not only
was he surprised by the
recognition but humbled that
he was chosen from so many
deserving colleagues at San-
dals Royal Bahamian to rep-
resent the resort.
In 1995 Chauncey joined
the all inclusive luxury resort
as a watersports attendant
and quickly began to accu-
mulate departmental and
resort level awards. He was
voted as a Shining Star in
Watersports as well as
Employee of the Month.
His love of the sea led him
to acquire PADI and NAUI
certifications and shortly after
he became a certified scuba
instructor. "That was a
moment of accomplishment
for me because I was learning
something new and exciting,"
said Chauncey.
Two years ago seeking a
more challenging position,
Chauncey asked to be trans-
ferred to the Butler's Depart-
ment. "I saw it as another
career milestone and I knew
that like so many other things
in my life I would master it as
well." Chauncey caters to
guests vacationing in the
highest-level of suites treat-

it and I embrace everyday as
an opportunity to utilise my
guest service skills and my
commitment to making
everyone I come into contact
with know that they are spe-
Human Resources Manag-
er, Carolyn Major, said
Chauncey has consistently
proven that he is an excep-
tional team member.
"He is professional,
demonstrates pride in his
work, he is courteous.and
always a pleasure to talk with.
We always have guests com-
menting and writing back
about how wonderful he
The Cacique Awards is the
highest honour given in The
Bahamas for achievement in
the Tourism industry, includ-
ing hotel and transportation.
To be eligible for a Cacique
award, the nominee must be a
resident of The Bahamas,
whose products or perfor-
mance has a positive impact
on the quality development
of Bahamian tourism.
The Awards Ceremony will

be held at the Rainforest
Theatre on Friday, February
This will be the highlight of
the National Tourism Week.

ing them with the ultimate in
personalised attention. He
was trained by the Guild of
Professional English Butlers,
the London-based Guild is
renowned for its training of
individuals worldwide for
careers in Five Star hotels,
Royal Palaces of Great
Britain, Embassies in various
capital cities and private
Sandals Butlers are trained
and certified by the Guild and
take pride in knowing guests'
preferences prior to their
arrival at the resort.
"We attend to guests' every
need ensuring that all and
every aspect of their stay with
us is beyond their expecta-
tions," Chauncey acknowl-
Chauncey describes his
experiences in the hospitality
industry so far as rewarding.
"What other job is there
where I am able to meet peo-
ple from around the world,
but also act as an Ambas-
sador for my country and
make a difference in their
Bahamian experience? I love

AS PRESIDENT Hugo Chavez prepared Thursday to send
Venezuelan helicopters into Colombia to pick up three rebel-held
hostages, hie also hoped to mediate a broader settlement between left-
ist rchels and the U.S. backed Colombian government, according to
Associlaed Press.
"This is the start of a peace process in Colombia," senior Venezue-
ian diplomat Rodolfo Sanz said Thursday. He said the handover of the
hostages including a mother, her young son and a Colombian
politician held for more than six years will.happen between Friday
and Sunday.
Chavez still hopes to speak directly to rebel leaders to try to help
mediate in a broader peace effort, said Sanz, Venezuela's vice foreign
minister for Latin America.
By unilaterally handing over the three hostages to Chavez, Colom-
bia's largest rebel group demonstrated its eagerness to embarrass
President Alvaro Uribe, who ended an earlier mediation effort by his
socialist neighbor when Chavez tried to deal directly with Colombia's
army chief.
The three hostages' release would be the most important in the
Colombian conflict since 2001, when the Revolutionary Armed Forces
of Colombia, or FARC, freed some 300 soldiers and police officers.
But both sides remain engaged in active warfare, and the fate of 44
other high-profile hostages including politicians, police officers
and three American defense contractors hangs in the balance.


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111 W

lMR ARMBRISTER is pictured (centre) as he received his award dur-
ing the bank's Platinum Awards Ceremony held at Atlantis, Paradise
Island. He is accompanied by Minna Israel (left) managing director
and Selvin Basden (right) senior manager in charge of human

Dedication leads

Sherman Armbrister

to Employee of

the Year award

SHERMAN Armbrister didn't set out to cruise to number
one, but his dedication and commitment to.excellence landed
him the Scotiabank Employee of the Year award and a seven-day
Caribbean cruise for two that came along with the coveted title.
"I was very excited and shocked.
"However, my work ethic and the effort that Iput into whatever
I am doing, may have contributed to me winning," Mr Armbris-
ter said.
Working in the bank's Small Business Support Unit for just
under two years, management said Mr Armbrister has done a great
deal to establish himself as an excellent team player, committed to
getting the job done despite the extra effort it often requires.

In October 2007, Mr Armbrister also received special recogni-
tion from Scotiabank Canada's Excellence Awards team.
His supervisor, Mellony Hanna said, "We applaud Sherman for
his accomplishments.
He has played an integral role in the development of the Small
Business Unit and continues to be the point person in the depart-
He also played an active role in the migration of all small busi-
ness loans to the new system and is one of the Bahamas' repre-
sentatives for that system, which he continues to help develop and
Mr Armbrister is actively involved in Knights of Columbus,
Toastmasters, Kiwanis and is an avid golfer.

special holiday hours


Friday, December 14
Monday december 17

Closed at 1.1:30am
Normal business hours resume


Friday, December 14
Monday. December 17

Normal business hours resume


Hioiov,. OIcember 21
Moudaiy Tuesday & Wednesday
UD,,embhe 24, 25 and 26
l hmsdav december 27
H1i,1v ow; to ibei 28
IMutiday Decembei 31
aiid riuesda,. January 1
Wednesday ,Janualy 2

Normal business hours

Normal business hours resume
Normal business hours

Normal business hours resume

Ikhainta Heala












Bimini riot: a legacy

Violence will become
commonplace without
drastic action, warns
anti-crime group
THE riot in Bimini was unfortunate but "not unexpected"
according to a statement from the Bahamas Against Crime project.
"The capacity for mass violent action lies just below the surface
in nearly every community in the Bahamas," it said, pointing out
similar problems that occurred in recent years in several neigh-
bourhoods, including Fox Hill, Kemp Road and Nassau Village.
"At the risk of being accused of spreading doom and gloom',
Bahamas Against Crime (BAC) expects mass hostility and violent
actions to become commonplace, unless drastic action is undertaken
now," the statement said.
A riot erupted in Bimini last week after a police officer alleged-
ly shot and killed a suspect, who some residents claim was in hand-
cuffs at the time. It has also been alleged that the suspect struggled
with police and resisted arrest.
"The level of crime and violence in our society has reached
astronomical levels," said Rev CB Moss, executive director of
the Bahamas Against Crime. "And it is dangerous to attempt to
project any other picture to the public."
He said Bahamas Against Crime is calling the nation out: "Out
of the false sense of security; out of the belief that things will get bet-
ter; out of the attitude that the police will handle it.
"The way forward has been clearly projected and articulated
by Bahamas Against Crime. The government, businesses, media
and all residents are challenged to get on board."
BAC has organised a number of events in an effort to encourage
Bahamians and residents from all sectors of society to join togeth-
er and take responsibility for the fight against crime.
Rev Moss said that "Together, with the BAC plan as our guide,
we can meet and overcome this serious challenge. It's action time,
let's come together and let's fix it."

PHOTOS BY PAUL G. TURNQUEST, Tribune Staff Reporter..............................

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cc, ;




of widespread destruction

PHOTOS: Paul G. Turquest j


Teachers & Salaried Workers

Co-operative Credit Union Limited

?i {p/i~m~/

My fellow Bahamians and especially
the dedicated Stakeholders of the
Teachers and Salaried Workers Co-
operative Credit Union, I am
pleased to greet you in the midst
of the greatest celebrations of all
times, the birth of The Messiah,
Jesus Christ, Who came to bring
life and light, to all over two
thousand years ago. Yes, the Word
was made flesh and dwelt among
us. In Him we have the greatest joy,
the sweetest peace'and the highest
This significant event not only made
it possible for us today to work co-
operatively in the advancement of
our social and economic agendas,
but also provided us with the
avenue for gains that are eternal.
Over the past 30 years we have
been empowered by the Grace of
God, and our collective will to enjoy
a higher quality of life while helping
others to do the same persons
from all economic and social strata
of society. We will continue to reach
out to the underserved.
In February of this year, we
celebrated our 30th Anniversary


and honored the founding Fathers
and eleven of the first active
members. Yes, it has been three
decades since our founding Fathers
drafted the Bye-Laws embracing
the Credit Union's philosophy of
people helping people to help
themselves, which became our
guiding light. The Almighty has been
good to us for which we our
eternally grateful.
As a community-based Credit
Union, we do not only serve
teachers, but we also serve

construction workers, mechanics,
fishermen, self-employed, lawyers,
doctors, nurses and anyone who
earns a salary. Come and join this
vibrant Credit Union! Treat yourself
to a Christmas or New Year present
by joining us.
On behalf of the Board of Directors,
the Supervisory and Education
Committees, our Work-Place
Representatives and our Staff in
New Providence, Grand Bahama
and Abaco, it is a special pleasure
for me to extend best wishes for a
Holy and Blessed Christmas and a
Happy, Healthy and Prosperous
New Year to all of our Members and
Stakeholders throughout all these
Islands and Cays. May the Love of
Jesus, the purpose of His life and
the gift of salvation touch your
hearts in a special way this
Christmas and may your New Year
be filled with Peace, Joy,
Happiness, Prosperity and Love.

Chairman of the Board of
Directors, TSWCCUL
,, )


p-ggy.l kimig^ ^ 4e 4

4 :



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The perfect


for holiday

BACARDI rum has intro-
duced a number of recipes for
holiday entertaining that the
company guarantees will create
memorable results with mini-
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"These simple, time-saving
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said Bacardi in a statement.
"Thanks to the Bacardi family
of fine rums, even hosts with
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The Bacardi Holiday Mojito
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Eggnog has become a stan-
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Bacardi is encouraging cus-
tomers to revolutionise the
ordinary. "Add Bacardi Select
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tail infusions. Simply add slices
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fruits, seal in a glass container,
and let sit for 12 to 24 hours.
The resulting signature cock-
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ing new trend," said the com-
It added that no holiday cel-
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sensational party punch.
"Blending Bacardi Gold with
tropical juices in a cut crystal
bowl offers the ultimate in sim-
plicity and a perfect spot to
mix and mingle (or gossip at the
office party)."
Lastly, Bacardi noted, the
"delicious aroma and faultless
flavour" of a rum cake made
with Bacardi Gold is the
"supreme compliment to bril-
liant, yet easily organised fes-
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Celebrating Christmas at Bacardi

~I;~~fiu ~YK~;maaarrr l~l~~I~l~nllb)

ABOVE: Harold Rahming
(third from left) receiving his
award for 35 years of service

A low


DECEMBER 28, 2007

Bahamas 'non-c

with three FATF policies

Tribune Business Editor

with the Financial
Action Task
Force's (FATF)
anti-terrorism financing recom-
mendations on wire transfers
and correspondent banking, a

* CFATF report identifies wire transfers and correspondent banking as key
areas where nation's financial regulatory system not making grade
* Recommends changes to thresholds for KYC exemption
* Urges that regulatory powers and staffing be 'beefed up', with Securities Commission,
in particular, given stronger sanctions, information gathering and compulsion powers

$4.2m FOCOL issue

'fully subscribed'

Tribune Business Editor
Oil Holdings'
largest share-
holder yesterday
told The Tribune
that $4.2 million
raised from a ful-
ly subscribed
preference share
private place-
ment was "already in the bank",
and hinted that the BISX-listed
petroleum products supplier
would stage its two million-
share rights issue some time
during the 2008 first half.
- Franklyn Wilson, head of the
Sunshine Group of Companies,
said "market demand" had
enabled FOCOL to ihis Christ-
mas sell the unsubscribed $4.2
million portion of its Decem-
ber 2005, $25 million preference
share issue. That was launched
to raise capital that financed the
Shell (Bahamas) acquisition.
"The bottom line point is the
market demand for this was
very strong," Mr Wilson told
The Tribune. "People were ask-
ing us to put more stuff out
there. We were responding to
market interest.
"CFAL [FOCOL's place-
ment and escrow agent] told us

Wilson hints two
million share rights
issue to come in
either 2008 first or
second quarters

they had the whole thing sub-
scribed faster than we could get
the necessary clearance from
the regulatory authorities."
He added: "We already have
the funds for $4.2 million. The
money is already in the bank.
"For us, it's a question of just
making FOCOL a very strong
company in terms of its equity
and liquidity base."
Mr Wilson said the $4.2 mil-
lion preference share private
placement, and the proposed
two million ordinary share
rights issue to existing share-
holders, already approved at an
Extraordinary General Meet-
ing (EGM), were designed to
boost FOCOL's capital base at
a time when financing lines
might be impacted by the glob-
al credit squeeze.
"It just makes sense in this
climate to be very prudent, very
liquid and very conservative,"

SEE page 6

report by its regional affiliate
has concluded, with this nation
also urged to beef up its cus-
tomer due diligence require-
.ments and regulatory capacity
in all supervisors bar the Cen-
tral Bank of the Bahamas.
The third mutual evaluation
report by the Caribbean Finan-
cial Action Task Force
(CFATF), which assessed the
Bahamas' anti-money launder-
ing and anti-terror financing
defences, found this nation was
non-compliant with only one of'
its FATF parent's 40 anti-mon-
ey laundering requirements and
nine anti-terror financing rec-
This was the area of wire
transfers, where the CFATF
found the Bahamas had "no
measures in place to cover

domestic, cross-border and non-
routine wire transfers".
The report also found that
the Bahamas had "no require-
ments" for intermediary and
beneficial financial institutions
that handled wire transfers,
while there were no mecha-
nisms or procedures that would
allow this nation to monitor
compliance with the FATF par-
ent's wire transfer recommen-
The CFATF report notes that
the Bahamas has already moved
to address the deficiencies iden-
tified in the review, and the
Central Bank has already issued
draft guidelines and com-
menced discussions with its
bank and trust company
licensees on implementing reg-
ulations to address the wire

transfer concerns.
The CFATF report conclud-
ed: "It is recommended that a
legislative framework be put in
place requiring the reporting of
international wire transfers,
transactions, and the collection,
recording and analysis of the
information obtained."
On the issue of correspon-
dent banking, the CFATF
deemed the Bahamas to be
non-compliant with its parent's
anti-money laundering recom-
mendations because there was
"no requirement to determine
the reputation" of a financial
institution that a Bahamian
bank or trust company estab-
lished a correspondent rela-
tionship with.
In addition, there was no
requirement to assess the level

of supervision faced by the cor-
respondent, while assessment
of their anti-money laundering
and terror financing controls by
the Bahamian institution was
limited to Know Your Cus-
tomer (KYC) procedures.
The CFATF also expressed
concerns that there were no
provisions in law requiring
Bahamian institutions to obtain
senior management approval
before establishing correspon-
dent relationships, and weak-
nesses in determining that the
correspondent had performed
all KYC checks, particularly on
'payable-through accounts'.
A final area of non-compli-
ance with the FATF's recom-

SEE page 4

Robin Hood's Christmas sales increase by 18-20%

STiby NEL BHARTNELLior Retailer targets mid-March for expanded store's opening, and targets

ROBIN Hood. the well-
known Bahamian retailer, yes-
terday said sales for the holi-
day period up to Christmas Eve
were up 18-20 per cent over the
previous year, as it aims to com-
plete the major expansion of its
store by mid-March.
Sandy Schaefer, Robin
Hood's president, told The Tri-
bune that the retailer hoped the
five-day, 50 per cent off sale it is
holding currently at its Sum-
merwinds Plaza store would dri-
ve sales for the four months

30% sales rise for four months to year-end on back of sales promotion

ending December 31, 2007, up
30 per cent over the previous
He added that some 200 peo-
ple were outside Robin Hood's
doors when the store opened
yesterday morning, in order to
have first call on the sale, with
customers having to park on
Tonique Williams-Darling
Highway due to the volume of
consumer traffic.
Mr Schaefer said that while

Robin Hood's sales were up 25
per cent for September, Octo-
ber had been flat and Novem-
ber down on 2006, as the com-
pany was unable to order and
ship in the required amount of
product fast enough.
"I was very concerned about
Christmas, but while the first
week was a little slow, the sec-
ond and third weeks were
tremendous, and now Christ-
mas will exceed all expecta-

tions," he said.
Robin Hood is currently
expanding its indoor retail sell-
ing space from just 16,000
square feet to just under 90,000
square feet, with extra outdoor
space combining to give it
104,000 square feet of selling
The expansion is designed to

SEE page 2

Bahamas investors

take hit from 24%

BDR share sell-off

Tribune Business Editor
CHRISTMAS cheer was in
short supply for Bahamian
investors in Consolidated
Water's Bahamian Depository
Receipts (BDRs), the stock see-
ing almost 25 per cent or one
quarter of its value wiped out by
what appears to have been a
panicked Christmas Eve sell-off
sparked by media reports on
the company's dispute with the
British Virgin Islands (BVI)
Consolidated Water's BDRs
plummeted by $1.55 or 24 per
cent in value on Christmas Eve,
dropping in price on the
Bahamas International Securi-
ties Exchange (BISX) from
$6.47 at the start of trading to
$4.92 at the close.
The sell-off, seemingly a pan-
icky response to an article writ-
ten by the investor newsletter,
Barron's, which was based on
information long in the public
domain, wiped out much of the
capital appreciation gain that
Bahamian investors who bought
into the BDR offering in late
2005 will have enjoyed.
Consolidated Water's BDRs,
a derivative of the company's
ordinary shares that are traded
on New York's Nasdaq
exchange, were listed on BISX
on January 17, 2006. They start-
ed trading at $4.38 per BDR,
with five BDRs equivalent to
one Consolidated Water ordi-
nary share.
Prior to the Christmas Eve
sell-off, Bahamian institutional
and retail investors in Consoli-

* Consolidated
Water's Christmas
Eve drop brings
little seasonal cheer
* Bahamians' capital
appreciation gains
largely wiped out,
although stock
starting to recover

dated Water's BDRs had seen
the paper value of their initial
investment appreciate by 47.7
per cent to $6.47.
Yet the sell-off wiped out
much of thigh capital apprecia-
tion gain, dropping it to just 12.3
per cent at Monday's close. Still,
a gain's a gain, and stocks can
appreciate in value as well as
Still, Consolidated Water's
stock recovered slightly from its
Christmas hangover via Boxing
Day and yesterday's trading,
closing on Wall Street last night
up $1.06 per share or 4 per cent.
The shares continued to
appreciate in after-hours trad-
ing, standing at $27.73, up $0.17
or 0.63 per cent. Those Wall
Street increases will also trans-
late into a rise in the BDR price
on BISX.
It is now possible that Con-
solidated Water's stock is now
undervalued, presenting an
opportunity for 'one man's loss

think retirement

is all play?
Reality Checki
It also means no more pay!
Invest in a Family Guardian Annuity
today for a more secure tomorrow.
Call or log on to www.familyguardian.com!



SEE page 9


~ ! c : ~v
~c. i:r.:'~i~Sfll



The private road of St. Augustine's College and

Monastery from St. Augustine's Cemetery Road to

Prince Charles Drive and all other premises (grounds)

belonging to the school and monastery will be closed

to the public from Sunday, December 30th, 2007

at 12:00 a.m. until Monday, December 31st, 2007

at 12:00 a.m.

Major hotels eyeing

strong occupancies

Tribune Business
BAHAMIAN hoteliers were
yesterday reporting strong hol-
iday occupancies leading into
the final week of the year and
the New Year's holiday week-
SuperClubs Breezes' reser-
vation agent, Mizpha Miller,
said the all-inclusive resort was
doing exceptionally well. "We
are almost at 100 percent occu-
pancy this week," she said.
Breezes had lost some room
nights earlier this year as the
property underwent major ren-

The Cable Beach Resorts
properties, owned by Baha
Mar, are also experiencing the
holiday rush.
Robert Sands, senior vice-
president of administration and
external affairs, told The Tri-
bune the resorts expect to be
very full heading into New
Year's weekend.
"We expect the Wyndham to
reach an occupancy around the
high 90 per cents, and with the
rooms that we have available
in the Nassau Beach we will
reach about 85 per cent. The
Sheraton will be very high as
well," he said.
Mr Sands added that the

newly-completed Sheraton
resort has "almost 100 per cent
of its rooms completed."
Frank Comito, executive
vice-president of the Bahamas
Hotel Association (BHA), said
earlier this month that book-
ings for December 2007 were
stronger than last year, some
encouraging words for a sector
that struggled for much of the
Mr Comito, however, said
hoteliers needed to be cautious
in the New Year, given the cur-
rent state of the United States
The improvement in room
occupancies was aided by the
fact that additional inventory

came on line, through the 300
rooms and two towers at the
Wyndham resort, the return of
350 rooms at the rebranded
Sheraton resort and the Christ-
mas debut of the Cove at
Further, Mr Comito said
there has been increased mar-
keting by both the public and
private sector.
"Our biggest challenge going
forward is diversifying the room
inventory, because our inven-
tory is clearly stacked at the
mid/high to higher end of mar-
ket appeal," he said.
He added that the BHA
does have some challenges in
filling the mid-market appeal:


To our Value TClients please note our

leeway, Wednesday
r 24, 25 and 26 Closed

y, December 27 Normal Business Hours

mber 28 Closed at 1 00 pm

Monday december 31
And T day, January 1 Closed

X1nesday, January 2 Normal Business Hours
Nassau Chambers Freeport Chambers
Sassoon House .. The First Commercial C'nir
Shurlee Street & Vcl\ iaAvenue 3rd Floor. Suite 9
-POBoN:. PC'O Bo F--.42533
lkNassau e Pro,. idence" Ba.inaL Freepori. Grand Baham-. B,
Tel. 3 69 Tel i2-42i 351-.747 Fa.

Robin Hood's

Christmas sales


FROM page 1

transform Robin Hood into a 'one-stop shop'
retail destination and experience, much like a
Wal-Mart or Target in the US, and aims to help
the company make inroads into the $1.2-$1.3 bil-
lion that the Government estimates Bahamians
spend shopping in Florida by providing them
with the shopping experience they are used to
in the US.
Mr Schaefer added that the increased retail
selling space would enable Robin Hood to carry
more inventory, and the increased sales volume
would enable the company to "go even deeper"
on price discounts.
"We will be looking at margin dollars, rather
than margin percentages," he explained, with the
enlarged Robin Hood set to open 24 hours per
day, seven days per week, to enable Bahamians
such as shift workers in the major hotel properties
to shop at an hour convenient for them, not hav-
ing to worry about school or work traffic.


"I think the time has come and we have to
embrace it," Mr Schaefer said of the move to 24-
hour opening.
"We're looking to have everything up and run-
ning by mid-March. I'm expecting the new store
to be open by March. The refrigeration will go in
January, and then we will do our interior work.
We will start next week on the facades, fitting
out the market and the bakery."
The expanded Robin Hood will also boast a
Fidelity Bank (Bahamas) branch, complete with
Western Union and Moneygram services, and a
low-cost pharmacy when it opens in March.
There will also be a Caribbean-themed deli,
45,000 square feet of retail space for a grocery
store, and designated areas for furniture, clothes
and shoes.
Mr Schaefer said construction teams had com-
pleted most of the electricity and 80 per cent of
the plumbing on the new store, while all the floors
had been poured and the building frame com-
pleted. Only the interior work remains to be com-


the hope andjoy of the Christmas season remain

with you every day of the coming year! Thank you for your

patronage In 2007, and we look forward to serving you with

excellence In 2008. Blessings from our family to yoursI

Christmas Holiday Hours
SNassau, Grand Bahama, Abaco and Exuma

Friday, December21
Monday, December 24
Tuesday, December 25
Wednesday, December 26
Thursday, December 27
Friday, December 28
Monday, December 31
Tuesday, January 1, 2008
Wednesday, January 2, 2008

Open *830 a.m. to 12:00 p.m.
Closed (Christmas Day Holiday)
Closed (Boxing Day Holiday)
Open 8:30 a.m. to 5:00 p.m.
Open 8:30 a.m. to 5:00 p.m.
Closed (New Year's Day Holiday)
Open 8:30 a.m. to 5.00 p.m.

Saturday Hours: Open Dec. 22nd; Closed Dec-29th

CALL: (242) 396-2000
EMAIL: info@colinaimperial.com CLICK: www.colinaimperial.com







$3m recovery delay from ex-Bahamas

firm's owners halts investor pay-out

Tribune Business Editor

THE distribution of recov-
ered funds to investors in a col-
lapsed $214 million mutual
fund has been delayed due to
problems in collecting $3 mil-
lion from two former own-
ers/managers of a Bahamas-
based financial services
In his latest update to
investors, Bill Cuthill, presi-
dent of the Evergreen Security
fund, said the third distribu-
tion of recovered funds, "pro-
jected for December or Janu-
ary, will be delayed" due, in
turn, to delays in receiving
funds from Jon Knight and
Anthony Huggins.
The duo, former investment
managers for Evergreen Secu-
rity, and who used to own
Bahamas-based International
Portfolio Analytics (IPA) and
its US affiliate, Atlantic Port-
folio Analytics Management
(APAM), were placed into
Chapter 7 involuntary bank-
ruptcies by the US courts after
Mr Cuthill filed cases against
them in a bid to recover
investor funds.
However, Mr Cuthill warned
investors that Leigh Meininger,



Common Law and Equity Division


the duo's bankruptcy trustee,
had told him "that the com-
pletion of these bankruptcies
has been delayed".
Adding that Mr Meininger
had warned him that he could
not forecast when the Huggins
and Knight bankruptcies
would be completed, Mr
Cuthill said the trustee was
holding $1 million from the
former, and $2 million from
the latter, that would ulti-
mately be for Evergreen's ben-
Recounting the numerous
legal cases filed against Hug-
gins and Knight over Ever-
green's collapse, Mr Cuthill
said the pair had ultimately
pled guilty to stealing $6.5 mil-
lion from the fund in the New
York courts.
The plea came after two tri-
als where no verdict was
returned by the jury. Huggins
and Knight did not receive any
jail sentences, instead being
placed on probation and fined.
The New York lawsuit had
alleged that in late 1997, Hug-
gins and Knight IPA took a
$6.5 million loan from Ever-
green, "ostensibly in part to
pay off an earlier $2 million
The $6.5 million was then





1. A Summons and Supporting Affidavit both filed on the 14* of June 2007 have

been issued against you in the Supreme Court of The Bahamas being Action No.

2007/CL/gen/00096 by Commonwealth Bank limited, the Plaintiff herein. The

Hearing date of the Summons has been adjourned and is now set to be heard on the

P day of February AD., 2007 at 12:00 noon before the Registrar, Mrs. Donna Newton

whose chambers is located on the 3 Floor Ansbacher House, East Street North,

Nassau, Bahamas. Details of the claim are set out in the Affidavit of Lernix Williams

filed on the 14, of June 2007,

2. On the 30day of November A.,, 2007 the Court ordered that the Summons

and Affidavit are deemed to be served on you bU this ad.errisement.

Otherwise Judgment wlil be entered against you pursuant to Order ?3 rule 3 of the

Rules of the Supreme Court 1978.
Dated the 271 day of A.D., 2007

Sassoon House,
Shirley Street & Victoria Avenue,
Nassau, Bahamas.
Attomets for the Plaintiff

allegedly transferred to Matae-
ka Ltd, which was "wholly-
owned" by Huggins and
Knight, and described as a
"Bahamian-based holding
company that had no assets
and no real business interests".
The indictment alleged:
"The defendants used Matae-
ka Ltd as a conduit to pay off
the earlier $2 million, and
channelled the remaining $4
million to other entities, keep-
ing $500,000 for themselves.
"The defendants used
Mateaka to pay back the orig-
inal $2 million loan to Ever-
green from the $6.5 million
that Evergreen lent out, kept
$500,000 for themselves and
transferred $400,000 to Amer-
ican Bond Partners (ABP), an
Orlando, Florida-based finan-
cial services administrative
Huggins and Knight alleged-
ly then transferred $3.6 million
from the $6.5 million loan to
Perdido PCS Servicios, a Cos-
ta Rican shell firm.
The Manhattan District
Attorney's office added: "Ulti-
mately, because of the terms
of a buy back agreement
signed by the Evergreen
trustees, Evergreen had to for-
give Mataeka's obligations to

repay $4 million of the $6.5
million loan."
Subsequent to this episode,
Mr Cuthill filed a fraudulent
transfer suit against the pair
and APAM in the Florida
bankruptcy court, the court
eventually entering a judge-
ment against Huggins and
Knight, plus a Bahamian Inter-
national Business Company
(IBC), Mataeka Ltd, that they
owned for $7.9 million. A sim-
ilar $2.5 million judgment was
handed down against APAM.
Huggins' and Knight's
appeals against the verdict
were rejected in 2007, and Mr
Cuthill filed involuntary bank-
ruptcy cases against the duo,
leading to Mr Meininger's
In the meantime, Gray


Legal Notice

(No.45 of 2000)

In voluntaryy liquidation

Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),
FLOCAS MANAGEMENT LTD. has been dissolved and struck
off the Register according to the Ccrtificate of Dissolution issued by
the Registrar Gineral on the t2th day of December, 2007.

Peter Wirtz
Landstrasse 40, PO Blox 53.
9495 Triesen
Principality of Liechtenstein

Legal Notice

(No.45 of 2000)

In Voluntary liquidation

"Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),

The date of commencement of dissolution is the 20th day of
November, 2007

Fides Liquidators Inc.
Arango-Orillac Building
54th Street, Panama
Republic of Panama

Robinson, Huggins' attorneys,
paid $1.1 million to the Ever-
green estate after he filed for
payment out of trust funds the
form was holding for Huggins,
for the benefit of Mataeka Ltd.
Mr Cuthill said: "Mr Knight
deeded over two houses in

Florida, two houses in Geor-
gia, a horse farm in Georgia
and a 30-foot boat. These were
sold at auction for over $2.3
million. Mr Huggins settled
with the trustee and Bill
Cuthill for $1 million, which
was paid over to the trustee."

Legal Notice

(No.45 of 2000)

In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),
RTV AGENCY LTD. has been dissolved and struck off the
Register according to the Certificate of Dissolution issued by the
Registrar General on the 3rd day of December, 2007.

Mr. Alexander Storozhev
Krylatskie Kholmy 47-49
Moscow, Russia

Legal Notice

(No.45 of 2000)

In Voluntary liquidation

Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),
TERCEL EQUITIES LTD. has been dissolved and struck off the
Register according to the Certificate of Dissolution issued by the
'Registrar-Tireral oh fihrd day of December, 2007.

Ruta 8, Km. 17.500,
Zonamerica, Local 115A,
CP 91600,
Republica Oriental del Uruguay

Legal Notice

(No.45 of 2000)

In Voluntary liquidation

"Notice is hereby given that in accordance with Section 137 (4)
of the International Business Companies Act (No. 45 of 2000),
LAPIS INVESTMENTS LTD. is in Dissolution."

The date of commencement of dissolution is the 20th day of
November, 2007

Fides Liquidators Inc.
Arango-Orillac Building
54th Street, Panama
Republic of Panama


This is to inform the general public that the private
roadways and parking areas situate in (he
Harbour Bay Shopping Centre between
East Bay Street and Shirley Street will be closed
on Tuesday the Ist of January. 2008 in order to
preserve the right of ownership therefore.
The Owners



FATF policies

FROM page 1
mendations was that there was
"no evidence that the Bahamas
has considered the feasibility
and utility of implementing a
fixed threshold currency report-
ing system".
When it came to the
Bahamas' KYC procedures, the
CFATF recommended that leg-
islation be amended to require
all occasional transactions worth
$15,000 or more be subjected
to normal customer due dili-

gence procedures.
The report also urged that
Bahamian dollar facilities and
accounts worth less than
$15,000 not be exempted from
full KYC measures, and that
the exemption from due dili-
gence for insurance policies be
limited to life insurance policies
with an annual premium of
$1,000 or less, or a single one-
time premium of $2,5000 or less.
On beefing up the financial
services regulators, the CFATF
urged the Government to

finalise the new Securities
Industry Act "as soon as possi-
ble" to give the Securities Com-
mission the power to compel
the production of information,
and share this with the Financial
Intelligence Unit (FIU).
It added that the regulations
accompanying this Act also
needed to be amended to
enable the Securities Commis-
sion to have the power to access
bank accounts without first
obtaining a Supreme Court
Information sharing among
Bahamian regulators, another
issue identified by the CFATF,
has since been addressed by the
Government, with the report
also urging that the Coopera-
tive Societies Act be amended
to enable it to share informa-
tion, and have the power to
compel cooperatives to provide
regulators with any necessary
Urging that non-compliance
with the Financial Transactions
Reporting Act should be
grounds for an institution's
licence to be revoked, and that
dealers in precious metals and
stones come under anti-money
laundering provisions, the
CFATF called for the Securi-
ties Commission to "have pow-
ers of sanction against a licensee
or registrant who fails to comply
with a directive".
The CFATF, again urging
that legislation relating to the
Securities Commission be "fast
tracked" to give it stronger
information gathering powers,
and a similar ability to the Cen-
tral Bank to access licensee and
registrant records, said both the
Commission and the Compli-
ance Commission "should con-
sider revising their staff com-
plement to meet the demands
of their constituency base".

p, Announces

j Christmas and New Years

- Holidays Banking Hours

Monday, December 24, 2007

9:30 -1:00p.m.

4 Tuesday, December 25, 2007 Closed

Wednesday December 26, 2007 Closed

Regular Banking hours will resume on
Thursday, December 27, 2007 (9:30a.m. 3:00p.m.)
iFriday, December 28,2007 (9:30a.m. 4:30p.m.)
Monday, December 31,2007 (9:30a.m.- 1:00p.m.)

STuesday, January 1,2008 Closed

Regular Banking hours will resume on
Wednesday, January 2,2008

Bank of The Bahamas Limited
Citibank, N.A.
SCommonwealth Bank Limited
Fidelity Bank (Bahamas) Limited
FirstCaribben International Bank (Bahamas) Limited
Royal Bank of Canada
SScotiabank (Bahamas) Limited
~. i, *" i ....
'V ~.1

Bahamas 'non-

Security & General


iOu)rl l I iccs will close

at 5:00pmIn in F rid:lv, D[ecemfler 28th

Ali W1 ill lRopeCll 01

we/tncrslda, i' 2njd lanillury, 2008 at Q:00am.

\ Xt' apologize t( ,r il' iI)llCoiei)iCleiee

thi irU caLuse.

I1 iav a I tappy I holiday!

",F'! I i i' i \\' V ,, l ,\ ', II I

Three(3).fully equipped operatories
located in large multispecialty
ambulatory clinic in
Freeport, Grand Bahama.

Available for immediate occupancy for
full-time or sessional dental practice.


Ms. Kaijanna Lockhart

Phone: 242-373-7400



Core Responsibilities:

* Provides user support for the company's networked systems, by
investigating and performing resolutions to problems that are
Performs routine installations, preventative maintenance and
repairs to hardware, operating systems and application
Troubleshoots system and application problems, including issues
and servers.
Assists with documentation and maintenance of technical
standards and operations.
Assists with the implementation of new technologies and
information systems and the decommissioning and disposal of
old technologies.
Assist with the administration of the company's networked anti-
virus and data back-up systems by checking that these systems
are current and operate as scheduled.

Knowledge Skills and Abilities:

Advanced knowledge various Windows operating systems to
provide help desk support and to troubleshoot end-user and back
office systems.
Sound knowledge of computer hardware to execute hardware
repairs and upgrades.
Basic knowledge of networking, especially protocols in use by
the company to troubleshoot and assist in rectifying network
Analytical and problem-solving skills to assess issues and
technical information, examine alternatives, and use judgment
to provide reasoned recommendations.
Must be open to new technology and ability to problem solve
in support of the network and central database systems.
Associates degree in a computer-related field, industry standard
network certifications required, plus two (2) or more years of
proven technical support and network systems experience.

Benefits include: Competitive salary commensurate with experience
and qualifications; Group Medical (includes dental and vision) and
life insurance: pension scheme.i

Interested persons sliould apply no later than December 31st 2007
IA #04445B
c/o The Tribune
P.O. Box N-3207
Nassau, Bahamas







rush boosts


Tribune Business
BAHAMIAN shoppers
made the now by-usual last-
minute dash to retail stores, dri-
ving holiday sales in the final
weekend before Christmas.
According to several nmel-
chants who spoke with Triibune
Business. business picked up
tremendously between Fl iday.
December 22. and Christmas
Eve as persons look advantage
of the extended shopping houi s
in the major malls and dowin-
Jerome McDonald, manager
at Audio Plus near the Village
Road roundabout, said the
company had an excellent
Christmas. The store was a
popular choice for electronics
and video game items.
"Sales were very good this
year. although 1 would say that
if you compare it to last year.
last year we wee very busy, but
people started shopping early
in December. This year it was
very slow for most of Decem--
be.r and then like in the last
week, we were very busy. So
people definitely waited until
the last minute." he said.
Susan Glinton, buyer at Kel-
ly's Home Centre, said their
sales skyrocketed through the

last fe\w da\'s belIo ('hristli ias.
"11 wentl real. (Ou nIil i'b rs
were very good. paiiculai rly onl
Sunday \ hliin we\\w c \\cre ol id
\ e ali' \ i'i\. \C1\ plkaiq'oi d. i slt
Ms C(linton said tlhai in the
allfermnalth l ('i Chistmas. the
store \\ l! be holilin a sal' until
New'\ Yer's ),i\ .

I 'lhe Tribuiin al q poks .\ ill
an employee ol Robiinl-lood
who said that stone l ,in t i C'l .
\et l' bus in IlIL IL,1o uu, i>
( 'hrislmas. ; k-ljtll i\ lk .lun
1clil a Inassi\e 50 i pcil tii olf
stolewitidc sale.
"We were so buis\ third ,\i'ek.
\o)l can't '1 veC sc ilc iltilr il
liI,.., IhIc eniployeci ato

The year ends and you begin.

S'cel'bi Lte the New Year witIh true Island cheer. Join us at
'I'he West in (.Grand Bahama Island Our Lucava Resort and
ring in .-O Ih' iBahamian waly.

* i ),. i I ,i I .li. I..g. ,I II Il Iwolli d ill ti< k tss to the
\ t )L ir % c BEr[ ,iI 1i.irt it t ,:o'
* i- \1er-rit.r j relrehiii2 l, i, i,ur,- dinnlirr. ,ill open bIr
[rui ).i (.ll >. 12 Hi.li.. ,u ad d d lltalpgi t." ludlU t at midnight
* I iv,- eiitertainnreint Iromn ihe Mlatrixx Band. Stileet, Geno D.
and the Apple.ligptt Band

For imre irnfraritjpi.t ik to ~rake" reservatio',i;pl ase.
call 24.-3 p1j:~ ckd6 NYEVEbenp
-" r- f ''f i;. ii.- .-.' 1"t':,/,:tP t1
.. '. .- ,' : '... ., 't- ,

'Ihis is


how it should feel.'"



fO '''"* "
Pa es Include room, taxes, service charges, resort fees, and two tilketa wiua Eve
Ba Den bar from 8 p.m. to 12 a m. and cash bar roam 12 a.L to 2 am. CaI
1 J for kids ages 3 to 12 with lood and games (not included t) p aciags
II Ie to local residents only; does not apply to U.S. guest. 200
dwide, Inc. All Rights Reserved.




Notice is hereby given that liquidation of the above
company c'omnenc'cdl oln the 21st dav of December.
2007. Credit Suisse Trust Limited of Bahamas 1 :
nancial ('ciiic, Shile\v & Charlotte Streets. Nassau
The Bahamas has been appointed Liquidator of the

credit t Suisse 'Trust Limiited
I iquid(ator

Core Responsibilities:

* Provides support and inaintenanlcce of core applications and
database infrastructure.
* Assists with documentation and maii1ntenkance of technical
standards and operations.
* Troubleshoots system and application problems, including
issues and servers.
* Reviews and tests technologies for potential purchase by
researching computer industry information.
* Interfaces with all staff and IT vendors in carrying out duties
* Performs application installations and configurations.
.preventative maintenance and repairs.
* Executes, coordinates and assists in tlic implementation of
new technologies.

Knowledge Skills and Abilities:

* Advanced knowledge of Oracle 8 a must (SQL 2003 and
Microsoft Access a plus) to manage and Support Central
Database Systems.
* Advanced knowledge of AIX Unix 5.() and various Windows
operating systems to provide help desk support and to
Stroubleshoot end-user and back ollice systems.
* Knowledge of networking, especially plrotocols in use by
company to troubleshoot and rectify the sources) of network
* Analytical and problem-solving skills to assess issues and
technical information, examine alternatives, and uIse judgmiient
to provide reasoned recommlenldalions.
* Must be open to new technology and ability to problems solve
in support of the network and central database systems.
* Bachelor of Science degree ii a coiil)iputcir-related field, industry
standard network certifications requiredd, plus two (2) or nioiL
years of proven network systems experience.

Benefits include: (Conmpet ilive salary comlimensuralte wilh
experience and qualifications; (Groutp MNedical (includes deinal
and vision) and life insurance: peilnsio schelilme.

InteresteId persons shon)lld apply no later tllian I)hcember3r 31st,
2007 to:
IA #/04445/\
c/o The Triblune
P.O. Box N-3207
Nassaui, Ithatlias




The public is to be advised that Mr. Horace
Faqurhason of Security Services (Bahamas)
Limited is no longer employed by the compa-
ny and is not authorised to transact any busi-
ness in the name of the company.

All outstanding matters, connected with Mr.
aIrquharson and the company, should be re-
ferred to:

The Chairman
Security Services (Bahamas) Limited
P.O. Box 4499
Nassau, Bahamas
Tel: 323-4430 or 323-5885

,f ,-\ Security Services (Bahamas) Limited





F ..... = n- _





$4.2m FOCOL issue 'fully subscribed'

FROM page 1

Mr Wilson said.
"This is a difficult time. With
this capital squeeze, the whole
country has to be very careful.
The market conditions are not

very favourable. They're bru-
The global credit crunch,
resulting from the collapse of
the US sub-prime mortgage
market and subsequent multi-
billion dollar writedowns of
related securitised instruments

Legal Notice


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
5th day of December 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.


Legal Notice


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
19th day of November 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.


Legal Notice


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
3rd day of December 2007. The Liquidator is Argosa
Corp. Inc., PO.Box N-7757 Nassau, Bahamas.






n q*

by major financial institutions,
had already started to impact
the real estate and second home
market in the Bahamas, Mr
Wilson added.
"Trying to raise money from
commercial banks for anything
to do with second homes and

real estate is very challenging,"
Mr Wilson said. "Pre-sales are
not what they used to be."
Based on FOCOL's $5.18 per
share closing price on the
Bahamas International Securi-
ties Exchange (BISX) last night,
the company would raise a fur-

Legal Notice


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
29th day of November 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.


Legal Notice


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
12th day of November 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.


Legal Notice


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
19th day of December 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.


C F A L"


1,700 0.426
1,000 0.713
1,000 0.829
3,500 0.017

n 9n



1.160 1.185 13.4
0.000 0.480 NM
-0 030 0.000 N/M

41.00 41.00 ABDAB 41.00 43.00 41.00 4.450 2.750 9.0 6.70%
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 1.125 13.4 7.71%
D.55 0.40 RND Holdings 0.45 0.55 0.45 -0.030 0.000 N/M 0.00%
52wk-HI 52wk-Low Fund Name NA V YTD% Last 12 Months Div $ Yield %
1.3679 1.2983 Collna Money Market Fund 1.3678688
3.6388 2.9728 Fidelity Bahamas 0 & I Fund 3.5388**
2.9902 2.4723 Colina MSI Preferred Fund 2.990218*
1.2827 1.2037 Collna Bond Fund 1.282687*
11.8192 11.3075 Fidelity Prime Income Fund 11.8192"**
BSX ALL SHARE INDEX 1 Dec 02 1,000.00 MARKET TERMS YIELD last 12 month dividends divided by closing price NV KEY
2wk--HI HIghest closing price n last 52 weeks Bid $ Buying price of Coilna and Fidelity
52wk-Low Lowest closing price in last 52 weeks Ask $ Selling price of Colnea and fidelity 19 December 2007
Previous Close Preavous day's weighted price for daily volume Last Price Last traded over-the-counter price 30 Jun 2007
Today Close Current days weighted price for daily volume Weekly Vol. Trading volume of the prior week *" 31 October 2007
Change Change in closing price from day to day EPS $ A company's reported earnings per share for the last 12 m ths 31 July 2007
Dally Vol. Number of total share traded today NAV Net Asset Value
DIV 5 DMivdend per share paid In the last 12 months N/M Not Meaningful
P/E Closng price dived by the lst 12 month earnings FINDEX The Fidelity Bahamas Stock Index. January 1. 1994 100
8) 4-for-1 Stock Spit Effective Date 8/8/2007
81) 3-for-1 Stock Split Effective Data 7/11/2007

their $10.36 million from share-
holders if the planned rights
issue was held today and fully
Mr Wilson said FOCOL was
"flexible" on its timing, but
added: "We have no urgent
need for money, so whether we
do it in the first or second quar-
ter is under constant review by
the Board. FOCOL is very
strong and very conservatively
He described the company's
results for the first quarter of
its 2008 financial year, which
ends on August 31, 2008, as
"very positive".
On FOCOL's performance
for the period to October 31,
2007, which will be released
shortly, Mr Wilson said: "I think
the market will be very pleased

to see us up. It's a healthy
He reiterated that to date,
FOCOL's Shell (Bahamas)
acquisition had exceeded "all
of our original expectations",
and it was now placing "big
emphasis on efficiency, more
productivity and making the
company operate better".


Adding that FOCOL had
brought its own systems into
Shell to make a global brand in
the Bahamas run better, Mr
Wilson said: "We continue to
see opportunities to present
more and more value to our
customers, and if we do that
they will reward us with more




Pursuant to the Provisions of Section 138 (8) of the
International Business Companies Act 2000 notice
is hereby given that the above-named Company has
been dissolved and struck off the Register pursuant
to a Certificate of Dissolution issued by the Registrar
General on the 4th day of December, 2007.

Grace Huang Li-Chu

Legal Notice


(In Voluntary Liquidation)

Notice is hereby given that the above-named
Company is in dissolution, which commenced on the
11th day of December 2007. The Liquidator is Argosa
Corp. Inc., P.O.Box N-7757 Nassau, Bahamas.




Common Law and Equity Division






1, A Summonsaand SupportingAfitboth fledonthe 14 ofJune27ha

been issued against you in the Supreme Court of The Bahamas bing Ation No,

2007/CLE/gen/O00197 by Commonwealth Bank Limited, the Plaiiff herein he

Hearing date of te Summons has been aoumedand is now set to be heard on the

86 dof Februty A,D,, 2007 at 1100 before the Registrar, Mr. Donna Naet

whose chambers is located on the 3r Floor Ansbacher House, East S Nrth,

Nassau, Bahamas, Details of the claim are set out in the Affidasit of Lemix Wia

filed on the 219 of June 2007.

2. On the30 day of Novembr AD.,2007 the Court ordered that the ons

and Affidavit are deemed to be served on you by this advertisement.

Otherwise Judgment will be entered against you pursuant to Order 73 rue of the

Rules of the Supreme Court 1978,

Dated the 27* day of December A.D., 2007

Sassoon House,
Shirly Street & Victoria Avenue,
Nassau, Bahamas.
Attorneys for the Plaintiff

Abaco Markets
Bahamas Property Fund
Bank of Bahamas
Bahamas Waste
Fidelity Bank
Cable Bahamas
Collna Holdings
Commonwealth Bank (S1)
Consolidated Water BDRs
Doctor's Hospital
Focol (S)
Freeport Concrete
ICD Utilities
J. S. Johnson
Premier Real Edtate

14.25 Bahamas Supermarkets
6.00 Caribbean Crossings (Pref)
020 RND Holdinsnm




DECEMBER 28, 2007

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

Art 360 Washington McLauhln Bill Moyers Journal (N) n (CC) Waking the Dead A jailed serial
B WPBT Week(N) Group N) (CC) killer's signature playing cards start
(CC) showing up again.
The Insider (N) Ghost Whisperer "The Curse of the Moonlight "Out of the Past" Mick NUMB3RS Don and his team must
0 WFOR n (CC) Ninth" Melinda must help a former must have the truth of his immortal determine whether terrorist activity
rock star. (CC) identity revealed to Beth. (CC) is causing blackouts. (CC)
Access Holly- The Singing Bee Contestants try to Dateline NBC The global black market in passports; searching for Inter-
WTVJ wood (N) (CC) sing thelyrics to popular TV theme net predators. (N) A (CC)
__songs. (N) n (CC)
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WSVN man, Jennifer Aniston. A frustrated reporter receives divine powers from
God. n (CC)
Jeopardy (N) Men In Trees Marin gets lost in the Women's Murder Club An NFL star (:02) 20/20 (N) (CC)
B WPLG (C) woods when she goes in search of crosses paths with Lindsay when his
stew ingredients. (CC) friend is murdered. (CC)
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A&E Pirated'" (CC) seen' A man is found stabbed to disposal of drug evidence goes ex-con enlists Horatio's help to find
death in a peep-show booth, awry, leaving two officers dead. his missing son. n (CC)
2007: We Re- BBC News World Business BBC News Our World The BBC News 2007: We Re-
BBCI member (Latenight). Report (Latenight). Northwest Pas- (Latenight). member
T (:00 College Hill Road to Plat- Road to Plat- ** NEXT FRIDAY (2000, Comedy) Ice Cube, Mike Epps, Justin Pierce.
BET ( Inum (CC) inum (CC) A young man lives with kin who won the lottery. (CC)
Coronation- *. LEGALLYBLONDE 2: RED, WHITE & BLONDE (2003) Reese CBC News: The National (N) (CC)
CC Street (N) (CC) Witherspoon. A young lawyer fights for animal rights. (CC
C (:00) Kudlow & Fast Money High Net Worth Deal or No Deal Contestants et a The Big Idea With Donny Deutsch
S Company (CC) chance to win money. ( A (CC
C(00 Lou Dobbs Out in the Open Larry King Live (CC) Anderson Cooper 360 (CC)
C NN Tonight (CC)
Scrubs The doc- Scrubs J.D. has Brian Regan: Standing Up The Comedy Central Comedy Central Comedy Central
COM tors head to a appendixtrou- comic perorms. (CC) Presents Gabriel Presents (CC) Presents Kyle
stip club. A bles. f (CC) Iglesias. Cease.
COURT Cops n (CC) Most Shocking Forensic Files Forensic Files Dominick Dunne: Power, Privilege
COURT "Shear" Luck" "Bad Medicine" & Justice (CC)
(6:00) ** i HIGH SCHOOL MUSICAL 2 (2007, Musical Comedy) Zac Efron, Vanes- The Suite Life of The Suite Life of
DISN HIGHSCHOOL sa Hudgens, Ashley Tisdale. A teen befriends members of a wealthy fami- Zack & Cody Zack & Cody A
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W Grossen Nam them Depth them
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SPN College Football: Champs Sports College Football Emerald Bowl -- Maryland vs. Oregon State. From San Francisco. (Live)
ESPN Bowl -- BCvs. Michigan St. (CC)
E P NI B Basketball Orlando Magic at Miami Heat. From the AmericanAirdines Arena in Miami. SportsCenter- International Edi-
ESPNII (Live) tlion (Live)
EWTN Daily Mass: Our The World Over Life Is Worth The Holy Rosary Defending Life Reasons for Our
It Living Hope
FIT 00)Cardo Ice Diaries On the Edge" (CC) Ice Diaries "The Nationals Spot- Ice Diaries 'Going for the Gold'
FIT TV ast (CC)_______light" (CC) (CC)
FOX-NC Fox Report- The O'Rellly Factor (CC) Hannity & Colmes (CC) On the Record With Greta Van
Shepard Smith ,I_ _ Susteren (CC)
NBA Basketball Orlando Magic at Miami Heat. From the AmericanAir- 5) Magic BCS Breakdown The FSN Final
FSNFL lines Arena in Miami. (Subject to Blackout) (Live) Tonight xtra Score (Live)
GOLF 00)Tiger's TourChampionship Highlights Golf 2006 PGA Grand Slam of Golf. Day 2.
GOLF Prints Tiger Woods. (N)
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G4Tech Attack f X-Play "Best of 2007" The top video Cops 2.0 f Cos 2.0 Ninja Warrior NInja Warrior
G4TeCh theShowl (N) games. (CC) (C)
A (:00) Walker, Walker, Texas Ranger Walker ** SERAPHIM FALLS (2006, Western) Liam Neeson, Pierce Bros-
HALL exas Ranger breaks up a deadly arms racket us- nan, Anjelica Huston. A hunter and four gunmen relentlessly pursue an in-
f (GC) ing diamonds to buy weaponry. jured man. (CC)
BuyMeTopdo- Location, Loca- Uncharted Terri- House Hunters World's Most Relocation, RelocationCatherine
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condo. Hillside home. Lower Silesia" Scotland. (CC) n
INSP Morris Cerullo Breakthrough Jay Sekulow Inspiration To- Life Today (CC) This Is Your Day The Gospel
(CC) day (CC) Truth _
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go clubbing. n vises Jr. (CC) friend" (CC) prostate exam. high school. t Mame, Mom'
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SPEED Pinks Get Back to Dirt World Class Street Stocks at Devil's Get Back to Dirt World Class Street Stocks at Devil's
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HBO-S aomi Watts, Ryan Gosling. A psychiatrist tries to help Paula Patton. Hoodlums seek control of a speakeasy n 'R' (CC)
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)IQClvin Hobbe

Famous Hand

North dealer.
East-West vulnerable.
4 A J 1076

442 48
V10 6 5 2 VAJ974
+1032 +KJ94
+A1042 6Q J7
T 8
)1 K63
The bidding:
SNorth East South West
SPass 1 V 1 4 2I
S2 NT 3 44
Opening lead two of diamonds.
The 2006 McConnell Cup,
emblematic of world women's team
supremacy, was won by a U.S.-Russ-
ian combine, who defeated an all-
U.S. team in the 60-deal final. The
ha, two finalists were the survivors of an
original entry of 39 teams that had
traveled to Verona, Italy, for the
world championship.
rjl The winners were Janice Seamon-
Molson, Marinesa Letizia, Tobi
Sokolow and Carlyn Steiner, who
drafted Victoria Gromova and
Tatiana Ponomareva from a Russian
squad that had defeated them in the
WoYnen's Olympiad in Istanbul two
years earlier. The McConnell Cup
does not require team members to be
citizens of the same country. The
3 runners-up were Jill Levin, Debbie
Rosenber, JoAnna Stansby, Jill


Meyers, Hansa Narasimhan and Irina
Levitina, herself a former Russian
who immigrated to the U.S. many
years ago.
Before the eventual victors could
capture the title, they first had to sur-
vive their semifinal match against a
strong Chinese team. Going into the
final board of the 64-deal match, the
U.S./Russian squad trailed by 7
IMPs when the deal shown unfolded.
When Gromova and Ponomareva
sat North-South, the bidding went as
shown. North's two-notrump bid
indicated interest in a spade game,
and South happily accepted.
West led a low diamond, and the
Chinese East failed to make the nor-
mal discovery play of the jack. When
she played the king instead, declarer
won with the ace, drew trumps and
led a heart to the king. East won and,
having complicated her position by
not knowing who had the diamond
queen, returned a diamond. Gromova
won, crossed to dummy with a trump
and discarded a club on the queen of
hearts to make four spades.
At the other table, the Chinese
North became declarer at four spades
after opening the bidding with one
spade, and East led a trump. North
won, played a second trump and led
a heart to the king. East won and,
with dummy's A-Q of diamonds and-
king of clubs in plain view, had no
trouble finding the killing queen-of-
clubs return to set the contract
The American/Russian squad
thus gained 470 points, or 10 IMPs,
to win the match by 3 IMPs, and then
went on to win the title. Of such stuff
are world championships made.

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
ozie 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..
Good 13; very good 20; excellent 26 (or more).
aerie aide aired arid attire attired awed dare
dart date dear dewar drat draw eared eater idea
irate iterate iterated raid rate rated ratted read
tare tart tear teat tetra tetrad TIDEWATER
tirade trad trade trait tread treat treated triad
wade wader wadi wait waited waiter ward ware
wart water watered watt wear wearied

S 2 3 4 ~5 6 7 4

1 14 1 16

1 Contact the treatment centre with a
cry of pain (5)
6 Worker going to the little church in
the wood (5)
9 He had to admit a relative was
obsessed (7)
10 Engine driver? (5)
11 A man of estate, perhaps (5)
12 Drama coach? (5)
13 Something tasteful to say about illicit
love (7)
15 Understand some strange -
terminology (3)
17 Tease in most witty style (4)
18 Next to be sighed after? (6)
19 Look like our equals may be our
bettersl (5)
20 Caught Daniel being dishonest (6)
22 Meet, we hear, for
something to eat (4)
24 Has he been wasted? (3)
25 Such friends will not let
you bleedl (7)
26 The equally expensive way to go (5)
27 Name the Italian in the Special Air
Service (5)
28 Mouthful of rabbit, especially? (5)
29 Two ways to get tough in a movie (7)
30 The easy going figure in a group (5)
31 Something hard for runagates to
swallow (5)

Yesterday's cryptic solutons
ACROSS: 3, Spoof 8, Rebus 10, Right 11, Bun 12, N-ovel 3,
De-stroy 15, G-enes 18, Eat 19, Modena 21, Artisan 22,
(Star) Wars 23, Perm 24, Sneaker 26, Bra-V-es 29, Gig 31, 5-
USA-N 32, Wembley 34, (pa-)Laver 35, Air 36, Debit 37,.
Acted 38, Dekko
DOWN: 1, Rebel 2, H-unters 4, Ploy 5, Or-egon 6, Filed 7,
She-E-N 9, Bus 12, Not-IO-NS 14, Rat 16, Neve-r 17, Sa-mm-y
19, Man-ager 20, SW-ABs 21, Are-AS 23, Peg back 24, SEN-
ate 25, KIm 27, Ruler 28, V-AI-D 30, Cere-s 32,
Wee-K 33, t t

2 Lout confused to a point,
nevertheless a villain (6)
3 There's talk about the French place in
Switzerland (6)
4 As an actor, a good sandwich-man (3)
5 It's a singular quality (S)
6 Just the pets for bigheaded birds? (7)
7 The side to get out of bed,
generally (4)
8 Tipped a tin over Ted (6)
12 So we used the last of the seed (5)
13 t's possibly at the National Theatre,
this work(5)
14 Twin girls or a little daughter, that's
dear (5)
15 In general, four are furmished(5)
16 It's just a fraction
decmalised (5)
18 Is th Sotch type
alcohol? (5)
19 Read by us and the editor(7)
21 Is such warfare conducted
by radio? (6)
22 Thinking anarticle on it could be
diverting (6)
23 Stress the need for
electricity money (6)
25 Might spiralling costs disturb them?
26 You could call her Aurora (4)
28 Every brazenhussy has one (3)


asllay's'easuyw lutim
ACMRS: 3,Steam 8, Debar1,Sabte, Aidl2, Dents 13,
Enticed 15, Roman 18, Cod 19, Canine 21, Natural 22, Cool
23, Here 24, Steamer 26, Averts 29, Mar 31, Poser 32,
Senegal 34, Cvi 35, Ten 36, Cloud37, Vital
38, Refer
DOWN: 1, Meant 2, Radical 4, Tied 5, Astral 6, Mason 7,
Clean 9, Bit 12, Deducts 14, Cot 16, Miner 17, Never 19,
Caramel 20, Scrap 21, Notes 23, Heretic 24,
Stride 25, Man 27, Voile 28, Recur 30, Banal 32;
Side 33, Get

17 18

20I I 22

24 25


1 Horrify(5)
6 Barrier (5)
9 Supervisors (7)
10 Hard work ()
11 Dodge (s)
12 Celebration (51
13 First course 7
15 Beverage (3)
17 Loan (4)
18 Outcome (6)
19 log(5)
20 Greek
islander (6)
22 Greek letter (4)
24 Organ (3)
25 Invents (7)
26 Defamation (5)
27 Fire (5)
28 Disprove (5)
29 Demonc (7)
30 Fishbasket (5)
31 Freshwater
mammal (S)

2 Buccaneer ()
3 Spare (6)
4 Auction item (3)
5 Tree (5)
6 Quill (7)
7 Jealousy (4)
8 Hand tool (6)
12 Type of nut (5)
13 Cut(5)
14 Rage (5)
15 Melodies (5)
16 Book of maps (5)
18 Drive back(5)
19 Chief city (7)
21 Preferably (6)
22 Halve (6)
23 Term of office (6)
25 Postpone (5)
26 Mislay (4)
28 S American city (3)




y ByLJttba8LckU

DEC 28

ARIES March 21/April 20
Conceit can get you into trouble, Aries,
but you seem to ignore all warnings
this week. A coworker 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 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/NovY22
A bet '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.
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 some
of your wild ways, Capricom. Now is not
the time for fun and games but oncentma-
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.

IO^ ^ ^6 C E S b L o ea .o6e

Nick de Firmian v Inen Thingstad,
Arctic Challenge, Tromso 2007.
Norwegian wonderboy Magnus
Carlsen, 16, is widely hailed as the
new Bobby Fischer amid gathering
interest in his homeland. Tromso,
the Arctic Circle town which boasts
the midnight sun, ambitiously
wants to host the 150-nation
biennial chess Olympiad in 2014,
and hopes that by then Carlsen will
be world champion. The annual
Arctic Challenge is part of its
campaign. Grandmasters were
lured to compete with the promise
of generous prizes and easyfirst
round pairings against amateurs.
Former US champion and editor of
the reference book Modern Chess
Openings, de Firmian was one who
came expecting a winning start, but

Sb c d e f g h
he got a shock in today's puzzle. The
American has just promoted a pawn
to a second queen, and his unknown
opponent spotted a great
opportunity. How did Black force

Chess: 8506:1...Qdl1 2 Ka2 Qb3+1 3 Rxb3+ cxb3+ 4
Kbl Rdl mate.



I~~ ~~ '*-TCPUL








)| Calvin & Hobbes


Bahamas investors -

take hit from 24%

BDR share sell-off

FROM page 1

to be another man's gain' via
buyers coming in to benefit
from the potential upside.
Given that markets are dri-
ven by investor expectations,
which are often irrational, not
rational, it is possible to explain
the Christmas Eve sell-off in
Consolidated Water's stock as
an over-reaction to the Barron's
It appears as if the market's
attention was only drawn to the
dispute between Consolidated
Water and the BVI government
over ownership of the Baughers
Bay desalination plant in Tor-
tola after Barron's highlighted
Information and details
regarding the dispute have been
available, via Consolidated
Water's Securities & Exchange
Commission (SEC) filings, for
several months now, yet it is
only now that the markets in
the US are reacting.
SBarron's reported that the
dispute with the BVI govern-
ment appeared to be getting
worse, after it accused the com-
pany of interrupting water ser-
vice on Tortola as a pressure
,tactic something the compa-
ny denied.
The newsletter also ques-
tioned whether, in light of the
dispute, Consolidated Water's
share price was overvalued, as
the BVI plant could account for
up to one third of its current
If things went against the
company in BVI, Barron's said
this could cut its forecast 2008
-earnings of $1 per share by one-
third, the stock having traded
at about 40 times the $0.80
earnings per share (EPS) antic-
ipated in 2007.
In its SEC filings, Consoli-
dated Water said it owned 50
per cent of the voting stock for
the Baughers Bay holding com-
pany, Ocean Conversion (BVI).
Its equity interest was equiva-
lent to 43.5 per cent, and it

received 45.1 per cent of the
profits and management fees.
The plant supplies water on a
month-to-month basis to the
BVI Water and Sewer Depart-
ment, but during negotiations
on a new supply contract, the
BVI government asserted an
alleged right of ownership over
the Baughers Bay plant.
For the nine months to Sep-
tember 30, 2007, Ocean Con-
version (BVI) was owed $5.6
million by the BVI government
for water sales. Yet after the
ownership dispute arose, the
government said it would only
pay a price equal to the cost of
producing the water, meaning
that Ocean Conversion (BVI)
would only receive 40 per cent
of what it claimed was owed to
At September 30, 2007,
Ocean Conversion (BVI) had
received payment for 27 per
cent of what it claimed it was
owed for the nine months to
that date, a move that had cre-
ated liquidity problems for it.
Ocean Conversion (BVI) has
demanded that the government
in BVI pay it $6.2 million, while
the government has reasserted
its ownership claim. The com-
pany wants the dispute to go to
arbitration, but the government
has filed a lawsuit seeking con-
firmation of its ownership claim.
Consolidated Water said in
its last SEC filing: "If an arbi-
tration panel or court deter-
mines that the BVI Govern-
ment owns the Baughers Bay
plant, Ocean Conversion (BVI)
could lose its water supply
agreement with the BVI gov-
ernment and its ownership of
the Baughers Bay plant.
"The arbitration panel or
court could also determine that
Ocean Conversion (BVI) is not
entitled to full payment of
amounts previously billed to the
BVI government.
"In either case, the value of
the Company's Ocean Conver-
sion (BVI)-related assets would
decline, and the company would
be required to record impair-
ment charges to reduce the car-

trying values of these assets.
Such impairment charges would
reduce the company's earnings
and could have a significant
adverse impact on the compa-
ny's results of operations and
financial condition."
The SEC filing added: "In
July 2007, Ocean Conversion
(BVI) completed the construc-
tion of a new desalination plant
located on Bar Bay, Tortola, in
the British Virgin Islands at a
total cost of approximately $8
"Ocean Conversion (BVI)
constructed the plant in order to
service what it believes is an
increasing demand for water in
the area surrounding the plant.
"The company has provided
$2.9 million in loans for the con-
struction of this plant as of Sep-

tember 30, 2007. As a result of
Ocean Conversion (BVI)'s dis-
pute with the BVI government
over the Baughers Bay plant,
Ocean Conversion (BVI) may
not be able to obtain a water
supply agreement from the BVI
government for the Bar Bay
"If such an agreement is not
obtained, or is not obtained on
sufficiently favorable terms,
Ocean Conversion (BVI) may
not be able.to recover the costs
of its investment in the plant,
in which case the company may
be required to record an impair-
ment charge to reduce the car-
rying value of the company's
loan to Ocean Conversion
(BVI) and the company's
investment in Ocean Conver-
sion (BVI)."

Common Law and Equity Division


1. A Summors and Supporting Afidavil both filed on the H14 of June 2007 have

been issued against you in the Suprme Court of The Bah as being Action No,

2007/CLE/gen/00307 by Comumonwalth Bank limited, the Plaintiff herein. The

Hearing date of the Summons has been adjourned and is now set to be heard on the

P8day of Febuary A.D., 2007 at 11 o a.m. before the Registrar, Mrs. Donna Newton

whoR chmbern located on the 3S Flwoor Ansbacher House, East Stet North,

Nas t Bahama Detils of the claim are set out in the Affidavit of Lenix Williams

filed on the 14*aofJune2007.

2. O the 30 day of Noember A.D., 2007 the Courtordered that the Summos

and Affidavit am deemed to be served on you by this advertisement.

OterjJudpe will be entered against you pursuant to Order73nule 3 of the

Ruls ofthe Suplrm Court 1978.

"- ^ aw^9^ daya lDecember A.D., 2007

Nassau, Bahamas.
Aaa for sh Plainm f



Sealed tenders for B$71,000,000.00 of 91-Day
Treasury Bills will be received by the banking
manager, The Central Bank of The Bahamas, Frederick Street,
Nassau up to 12:00 p.m on Monday, December 31, 2007.
Successful tenderers, who will be advised should take up
their bills against payment on Thursday, January 3, 2008.
These bills will be in minimum mulitiples of B$100.00.
Tenders are to be on special forms obtainable from the
Central Bank of The Bahamas or Commercial Banks.

Tenders must state the net price percent (in multiples of one
cent) and should be marked "Tender". The Central Bank of
the Bahamas reserves the right to reject any or all tenders.

******** **** **********

,Mmm, ---- ----






PAGE 10R. .:; ,

f.-- ; Ho
. r.. . .. . .
.a ,". I, ,. ,; *;

7~ .7
.1 -
*1 A '


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+ .''." -' ':. *, -*.. i : ^ ,p ~ i~ a B '" **

t I T ',, :. '+ | ..u L.^
* l '- .- ,. ; -",1 '. r +-i .'-.*d ;'j',+, -1

Wully's iHouse & Home would li 4to thanktheir many valued'customers
. Ir i ra r ori qet during 2007 and wish all Bahamians and those residing
in the Bahamas, a Prosperous, tPeacefuland Happy Nw 9Y art
11ii~i111.1. ^ ^ i r *v1