Citation
The Tribune

Material Information

Title:
The Tribune
Uniform Title:
Tribune (Nassau, Bahamas)
Portion of title:
Nassau tribune
Place of Publication:
Nassau Bahamas
Publisher:
Tribune
Publication Date:
Copyright Date:
2005
Frequency:
Daily, except Sunday
daily
normalized irregular
Language:
English
Physical Description:
v. : ill. ; 58 cm.

Subjects

Genre:
newspaper ( sobekcm )
newspaper ( marcgt )
Spatial Coverage:
Bahamas

Notes

General Note:
Description based on: Vol. 79, no. 210 (Aug. 3, 1983); title from caption.

Record Information

Source Institution:
University of Florida
Holding Location:
University of Florida
Rights Management:
This item was contributed to the Digital Library of the Caribbean (dLOC) by the source institution listed in the metadata. This item may or may not be protected by copyright in the country where it was produced. Users of this work have responsibility for determining copyright status prior to reusing, publishing or reproducing this item for purposes other than what is allowed by applicable law, including any applicable international copyright treaty or fair use or fair dealing statutes, which dLOC partners have explicitly supported and endorsed. Any reuse of this item in excess of applicable copyright exceptions may require permission. dLOC would encourage users to contact the source institution directly or dloc@fiu.edu to request more information about copyright status or to provide additional information about the item.
Resource Identifier:
09994850 ( OCLC )

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N

tm lovin’ it. |
SSF |
76F

SHOWER |
IN THE AM |













BAHAMAS EDITION







Volume: 101 No.193



US

~ Minister denies he signed
- PetroCaribe agreement
without Cabinet approval

a By RUPERT .MISSICK Jr
“Chief Reporter

“MINISTER of Trade and
Industry Leslie Miller yester-
day denied that he signed onto
the PetroCaribe agreement
without Cabinet approval, and
hit out at his critics for trying
to place a “wedge between the
Bahamas and the United
States’/ 7

Mr Miller told The. Tribune
Sunday that the agreement has
gained tremendous support
throughout CARICOM and the
Bahamas would be foolish as a
- non-oil producing country not
to take advantage of the bene-
fits of PetroCaribe.

He said the agreement “has
exceeded the expectations of
every leader in the Caribbean”.
': ‘Last week, former, Cabinet
Minister Zhivargo Laing raised
concern that government had
not confirmed whether Mr
Miller had signed the Petro-
Caribe agreement with the
approval of Cabinet. Mr Laing
said this'could.“send signals to
allies that we are having a shift
in foreign policy”.

PetroCaribe, the brainchild
of Venezuelan President Hugo
Chavez, is designed to reduce

the effects.of high cil prices on -

the region by offering petrole-
um products at reduced costs. -
Mr Laing said that his con-
cern is that Mr Chavez and
Cuban President Fidel Castro,
who is also a major signatory
to the agreement, represent a
style of governing that is direct-
_ly opposed to the kind of gov-

ernance that the Bahamas and

its allies endorse.

However, Mr Miller said that

this argument was “intellectu-
ally dishonest” because the
United States obtains 40 per
cent of its fuel from Venezuela,
despite its strong criticism of
Mr Chavez’s’ governance.

“This is politics, just politics.
What these critics are doing is
trying to drive some kind of
wedge between the Bahamas
and the US. What Mir Laing and
these other critics don’t under-
stand is that 13 countries signed
that agreement along with the
Bahamas. Why would we be
singled out? What is also being
missed is that the fuel consumed
by Bahamians provided by
Shell, Esso and Texaco comes
out of Curacao from PDVSA,
which is the national oil com-
pany of Venezuela,” said Mr
Miller.

It has been suggested by
some international analysts that
PetroCaribe may be more than
just an agreement to supply. the
member nations with cheaper oil.
They say it could be the first step
towards the establishment of a
free trade arrangement.

Analysts in the region have
raised the question whether
PetroCaribe will eventually lead
to the creation of the Bolivarian
Alternative for the Americas
(ALBA), an-alternative to the

. US-led push for the establish-
_ ment of the Free Trade Area of

the Americas (FTAA).
Mr Miller dismissed this claim

"as an attempt by his critics to

create friction “where there is

‘none”. He said the Bahamas

must do w==hat is in its best

SEE page nine

MONDAY, JULY 18, 2005



THE Royal Bahamas Police Force took the time to salute retired police officers with
a special service at St Agnes Anglican Church, Blue Hill Road. Sunday’s service was
a show of appreciation for years of service and devotion and marked the first of what
is hoped will become an annual event. Two trumpet players are pictured playing i na

salute to the retirees.

(Photo: Mario Duncanson/T. ribune staff) ‘



NSTTVLU NNT THOTT Ceo

report expected this week

@ By RUPERT MISSICK Jr
and KARIN HERIG

Tribune Staff Reporters

THE advisory panel
appointed in the plagiarism
case of College of the
Bahamas president Dr. Rod-
ney Smith is expected to com-
plete its report this week,
Anglican Archbishop Drexel
Gomez told The Tribune last
night.

The Archbishop, a member
of the six-member panel
which includes international
experts, said that the group is
“very close” to coming toa
conclusion in its deliberations.

“T suspect that it will be
completed this week,” he said.

Although Archbishop
Gomez could not reveal the
details of the panel’s findings,
he said that. he was “satisfied
so far” with the work and the



expected outcome that the
group had achieved.

He added that before the
report is made public, it first
has to go to the college coun-
cil.

And the Archbishop said
that he is confident that the
panel’s work will lead to the
“betterment” of COB.

After Mr Smith admitted
that he plagarised a portion
of a speech he delivered at the
college’ s honours convocation
in late May, an emergency
meeting of COB’s council was
held on June 6. It was decided
that the college should
address and “acknowledge
fact of plagiatism forthrightly
and honestly”.

Dr Smith’s admission also

sparked calls ‘for his resigna-
tion, and support from some

SEE page nine



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Five-year-old
girl found
dead in pool

‘By KARIN HERIG
Tribune Staff Reporter

THE body of five-year-old
Alexandria Bullard was discov-
ered submerged in a pool at the
Sandyport complex on Satur-
day afternoon, police reported

_ yesterday.

The little girl was immediate-
ly rushed to the hospital but was
pronounced dead shortly after.

Press liaison officer Inspec-

-tor Walter Evans-said Sunday
that Alexandria, of Bimini
Avenue, was attending a pool
party when the’ accident
occurred around 5pm.

Mr Evans said that he could
not confirm if the girl had been
properly supervised at the time
of her drowning, as investiga-
tions are still in the initial stages,
but added that there were at
least two adults present at the
gathering.

“It was a shock to the par-
ents, it’s a great tragedy,” he

’ said.

Police are now appealing to
parents to take extra care when
supervising: their children
around water.

“Especially for the remain-
der of the summer holidays, we

SEE page nine

Move to prevent further
Isle of Capri job cuts

@ By RUPERT MISSICK Jr
Chief Reporter .



nt



A REVIEW of the fees and taxes: imposed on the Isle of Capri
Casino is underway in an effort to help the property through a dif-
ficult financial period, Tourism nee Obie Wilchcombe told The
Tribune yesterday.

Government, Hutchison Wiistipos and the Grand Bahama Port
Authority are in talks with the Isle of Capri in hopes of preventing
further job cuts on the already economically troubled island.

The resort laid off 45 casino workers last week and speculated
that further layoffs may be on the horizon.

The layoffs come at.a time when thousands of hotel workers on
Grand Bahama are still unemployed because of the closure of the
Royal Oasis Resort following last year’s hurricanes.

The casino, which opened in 2003, employs more than 300 work- -
ers on the island.

Mr Wilchcombe said discussions between the Isle of Capri, gov-

' ernment, the Grand Bahama Port Authority.and Hutchison Wham-

poa may result in a turnaround for the resort.

“We are looking at their situation and reviewing it. We under-
stand what their concerns are and we are finding a way ahead and
building on a relationship that will be beneficial to both sides.
Our concern is for the Bahamian people and my concern is what-do
we do for them, because when one Bahamian hurts everyone

SEE page nine

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PAGE 2, MONDAY, JULY 18, 2005





HUNDREDS of family
members, government officials,
friends and well-wishers gath-
ered at Christ Church Cathe-
dral on Saturday to pay their
respects to the late Father R F
Anthony Roberts.

The former labour leader,
parliamentarian, cabinet minis-
ter and diplomat died on Mon-
day, July 4 following a brief ill-
ness. He was 73.



Former deputy prime minis-
ter A D Hanna described
Father Roberts as a great
Bahamian hero whose talents
and efforts were pivotal to the
emergence of a modern
Bahamas.

“For Father Roberts, the dis-
tinguishing characteristics
behind these efforts were the
single purpose of fulfilling his
desire to serve his people,” said

LOCAL NEWS

Mr Hanna during his remarks at
the state funeral. ;

Father Roberts had a very
interesting career, making his
mark as the first formally
trained labour leader in the
Bahamas.

His involvement in the trade
union came at a time when the
conditions of many workers of
the Bahamas cried out for social
and economic redress and for



ar

equity and fair play in employ-
ment practices, said Mr Hanna,
who listed him among stalwarts
in the labour movement, such as
Preston Albury, Cadwell Arm-
brister, Slmeon Bowe, Carlton
Francis, Artemus Cox and Sir
Randol Fawkes.

Defeated in his first attempt
for the House of Assembly, he
was eventually elected in 1968
for what was then the Centre-
ville seat, which he held until
his retirement from politics in
1977.

In government he held sev-

eral important portfolios and

among his Cabinet posts was
agriculture and fisheries and
local government.

Two of the initiatives he
would be remembered for as
Minister of Agriculture and
Fisheries, said Mr Hanna, was
the introduction and imple-
mentation of the BARTAD
venture in North Andros in col-
laboration with the US govern-
ment. This venture introduced
modern and efficient farming
techniques for farmers around
the Bahamas.

The second initiative was the
intensive upgrading of scores of
Bahamians who went on in
some instances to obtain degrees
in agriculture and fisheries, and
other specialised areas.

“Many of our finest scientific
and technical minds in the pub-
lic service today owe their start
to the late Anthony Roberts
during his tenure as Minister of
Agriculture and Fisheries, said
Mz Hanna.

In 1977, Father Roberts was
appointed as the country’s third
High Commissioner to the UK,
and served the’ Bahamas with-
out fanfare but with great dis-

. tinction, added Mr Hanna. -

When Father Roberts retired
from politics he took this time
to prepare himself for service
in the Anglican church.

: Following his ordination he
served in several parishes.

“Many persons were baffled
as to how.a man who had exer-
cised authority and power for

-Many years could now perform

a role which. many saw as being
of the far lesser influence,” said
Mr Hanna. “But knowing
Father Roberts as I did togeth-
er with others who knew him
well, we saw that in this new
role his life of service was being
fulfilled and that it was for him
great joy and unspeakable hap-
piness to devote himself to
God’s service.”

Minister of Finance James
Smith, in his tribute, said: “They
say he was an extraordinary

politician, in the sense that'he.
did not fit the usual mold. He:

was serene and intelligent when
others around him were loud
and sometimes boorish; he was
honest, approachable, open,
warm and frank; not rude,
duplicitous and.untrustworthy
like so many others.”

Mr Smith said that Father
Roberts was also an astute busi-

" nessman who was always busy

with commercial projects with



Blue Hill Road & Independence Drive

Father Anthony Roberts laid to rest



tim be NL



@ ARCHBISHOP Drexel Gomez is seen leaving the Cathedral





goth

i MEMBERS of the Anglican Church clergy carry Father

Roberts out of the Cathedral and to the grave site
(Photos: Mario Duncanson/ Tribune Staff)

‘the intention of training and

employing as many Bahamians
as he could.

“He was truly a man for all
seasons and despite his many
accomplishments he never lost
that spirit of humility which
endeared him to everyone who
has ever met him,” said M
Smith. :

Father Roberts is survived by
his wife Melvern Roberts; sons,



FOR RENT

Prime Location

Wayne and Brandon Roberts;
daughters, Hollis Sherman and
Tanya Roberts; three grand-
children; three brothers, Ger-
ald Roberts, E Pedro Roberts II
and Dr Patrick Roberts; one sis-
ter, Rosamund Williams; and
numerous other relatives and

_ friends.

Father Roberts was buried at
St Matthew’s Cemetery.
SEE page 14 for more pictures






Down Town Nassau

- Two Storey Building
~ 4,700 sq. feet:ground floor
4,700 sq. feet first floor
Serious inquires only

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Weather.....





THE TRIBUNE

LOCAL NEWS

MONDAY, JULY 18, 2005, PAGE 3



Hurricane moves extra visitors to the Bahamas

@ By KARIN HERIG
Tribune Staff Reporter

THE Bahamas over the
weekend welcomed more vis-
itors than expected after

30,000 tourists were evacuated
from Cancun, Mexico ahead
of Hurricane Emily.

Long lines of tourists
queued at the Cancun airport
yesterday in a rush to escape

the season’s second hurricane,
travelling at 20mph with max-
imum sustained winds near
145mph.

International media report-
ed that Quintana Roo state

DOZENS of children flocked to the Logos Bookstore in the Harbour ‘Bay Shopping
Centre on Friday at midnight to receive their copies of the long awaited sixth installment of

the Harry Potter book series.

Logos, like so many other book stores around the world, opened its doors for a special
launch party which included food and drink and Harry Potter- themed games.

Promptly at midnight, the store owners sold the first copy of ‘Harry Potter and the

Half-Blood Prince’ to a Bahamian child.

The Harry Potter series by British author J K Rowling has for the past years been attrib-
uted with renewing children’s interest in reading.

Early estimates show that ‘Harry Potter and the Half-Blood Prince’ will become the fastest-
selling book in history, with over 10 million copies estimated to have been sold worldwide
during the first 24 hours of publication.



(Photo: Tim Aylen)



Parents PTRa oe of Ceo n ae Oy sean

tourism secretary Gabriela
Rodriguez said that the
authorities began evacuating
85,000 people along more
than 100 miles of coast from
Holbox Island to Tulum on

Casino
approval

THE Pinnacle Casino Enter-
tainment Company has been
granted approval by the
Bahamas Gaming Board to
operate the casino at the Four
Season’s Emerald Bay property
on Exuma, Tourism Minister
Obie Wilchcombe told The Tri-
bune yesterday.

’ Mr Wilchcombe said that the
Casino’s opening would solidify
the presence of Emerald Bay
and make the Exuma tourism
experience even more attractive.

The 6,000 square foot casino
is scheduled to open later this
year and is said to be reminiscent
of Monte Carlo’s elegant gaming
salons.

According to the company’s
website, Pinnacle owns and
operates casinos in Nevada, Mis-
sissippi, Louisiana, Indiana and
Argentina, and receives lease
income from two card club casi-
nos, both in the Los Angeles
metropolitan area.

Currently Pinnacle is con-
structing L’Auberge du Lac, a
major casino resort in Lake
Charles, Louisiana. The compa-
ny has also‘been selected for two
casino and related development
projects in the St Louis, Missouri
area, pending final approval by
the Missouri Gaming Commis-
sion. :









@ By RUPERT MISSICK Jr
Chief Reporter



accessible campus.

“weeks of school at a time”.

tral Eleuthera High in Palmetto Point.




Ministry of Education in New Providence.










their control.
“If there is a surge or the bus breaks down,












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P.O. Box N-4650.

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PHONE: 322-2157

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P.O.Box N-8814

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PARENTS of children attending North
Eleuthera High School are urging government
to relocate Gregory Town students to a more

They are worried that their children will be
placed “at a severe disadvantage” by the end of
the school year because of weather conditions
that can make travel across the Glass Window
Bridge impossible, causing students to miss

The parents are asking that 16 Gregory
Town junior high students be transferred from
North Eleuthera High in Lower Bogue to .Cen-

Education officials on the island have report-
edly told the parents that the matter is entire-
ly out of their hands until they hear from the

Diane Thompson, spokesperson for the Gre-
gory Town parents, said it’s not fair for the
school system to expect reasonably functioning
students when the children’s attendance is

- unpredictable because of circumstances beyond

or if there is a hurricane or if they block the
bridge for some reason, the children in Gregory

JELL ESTABLISHED
Buus AGENCY





Town end up losing soietinds weeks out of
school. It’s hard to even say how many times
they missed school for the year, but sometimes
they can miss weeks on end so this is of course
placing them at a severe disadvantage,” Ms
Thompson told The Tribune.

In this year’s budget, government has set
aside $8.5 million for the construction of a
causeway to replace the Glass Window Bridge,
which connects North and South Eleuthera.

The bridge has been in a poor state of repair
for years.

Ms Thompson said that the people of Gre-

gory Town have a sentimental and an histori-.

cal tie to the school in Palmetto Point, which
she said was constructed with help from resi-
dents of the settlement.

“The parents at that time, who now have
grandchildren in school, held cookouts, fried
fritters and everything so that the school could
be built in Palmetto Point. All we are asking is
that these 16 children be allowed to attend
this school,” she said.

Ms Thompson pointed out that the lessons
these students miss are not repeated, resulting
in a level of anxiety because the children find
themselves in a position where they have to
catch up with the rest of their classmates.

“At the moment we are in limbo because

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fer will be possible for the next school year.

That’s even holding up simple things like know-

ing what type of uniform to buy,” she said.
MP for North Eleuthera Alvin Smith said

' that he was aware of the parents’ concerns

and had petitioned the Ministry of Education
on numerous occasions to have the situation
rectified.

“T have supported that the students go to the
Central Eleuthera High School, and the min-
istry had said that this was Meee to sob at
the start ‘of the | hool,



and accused government of dragging its feet.
The MP said that problems such as these

-could be easily rectified if the planned recon-

struction of the Glass. Window Bridge takes
place.

Said Mr Smith: “If goyernment were to con-
struct a causeway on the current site there is a
chance that it will be impassable once or twice
a year, but certainly. not out of commission as
many times as the Glass Window Bridge is.”

The Tribune was unable to reach Minister of
Education Alfed Sears up to press time yes-
terday. i,







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Saturday, including the stretch
known as the ‘Riviera Maya’.

Authorities also ordered the
relocation on Sunday morn-
ing of 30,000 tourists, of which
70 per cent were estimated to
be foreigners, to larger, bet-
ter-sheltered and in-land
hotels.

However many tourists opt-
ed to cut their vacations short
and return home, and others
with bookings for Cancun
decided to relocate to other

destinations in the Caribbean. -

In an interview with The
Tribune Sunday, Minister of
Tourism Obie Wilchcombe

said that he did not know the >

exact number of tourists that
decided to re-route to the
Bahamas, but confirmed that





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the number was large.

“This happens often during
the hurricane season when
people either have to relocate
or cruise ships need to be
diverted for safety reasons,
then the Bahamas receives
unexpected guests,” he said.

In such cases, he said, the
Bahamas must try and live up
to the expectations of visitors
who initially intended to trav-
el to different destinations.

Hurricane Emily was
expected to hit the Yucatan
peninsula late yesterday or
early today. From there it was
projected to cross over the
peninsula ‘and travel across
the Gulf of Mexico and hit
land again somewhere near
the Mexico-US border.



























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PAGE 4, MONDAY, JULY 18, 2005

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited

NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI





Being Bound to Swear to The Dogmas of No Master
LEON E. H. DUPUCH, Publisher/Editor 1903-1914

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.

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

TELEPHONES

Publisher/Editor 1972-

Switchboard (News, Circulation and Advertising) 322: 1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387



More spin by govt. on YMCA

AFTER all the hue and cry about how
restoration funding was bypassing one of
Grand Bahama’s most important community
centres — badly damaged, some say
destroyed, by Hurricanes Jeanne and Francis
— at last government has made a commit-
ment to do something..

But Housing Minister Shane Gibson, who

thought that “we should not focus on what
happened in the past, but on how quickly we
can assist them,” still wanted the public to

know that he was not in Freeport to assess the .

damage to the YMCA because of Sir Jack
Hayward’s complaints.

Rather, he was there, he claimed because
when government saw “what the facility

know how NEMA had spent their $1 mil- -

lion donation.

Of course, the prime minister was upset,
especially as the cheque and the letter saying
how the donation was to be used was pre-
sented to him at a public function in Freeport.

It was only natural that he would send an

emissary to Freeport to placate an angry Sir

Jack and assure him that his Y would be tak-
en care of.

The prime minister then followed through
with a telephone call to Mr Gibson, obvi-
ously with instructions to get the job done “p-
d-q” as the late Sir Etienne Dupuch would
often say. when he wanted a job done, not
tomorrow, but yesterday.


















The crisis in
Zimbabwe

Editor, The Tribune.

The following, addressed to Sir
Ronald Sanders, is a comment on
his article on Zimbabwe, which was
published in The Tribune on June

I want to thank you for your
efforts on‘our behalf to publicize the
crisis in Zimbabwe and for your

- thoughtful comments. As chairman

of the Combined Harare Residents
Association, I am in a position to
speak on behalf of our members and
the general population of our city.
Certainly conditions in Zimbab-
we are deteriorating daily and we
are having difficulty comprehend-

- ing this wave of destruction, let alone

organising a coordinated response.

A few points:

Our latest information is that
56,000 structures have. been
destroyed throughout Zimbabwe.
These vary from single room wood-
en cabins to substantial brick and
mortar dwellings with as many as.15
rooms. There. are few plastic/tin
squatter shacks in the country and it
is important to understand that most
of these buildings were sanctioned by
the Mugabe regime. Indeed many
unserviced stands were handed out
by the regime in 2001 in an effort to
bring party supporters into Harare to
dilute the urban support for the
opposition.

LETTERS

Ererouevmemtcelnac



constitution and engaging in clearly
illegal violence against citizens for
many years, just two weeks ago he
re-appointed a Commission to
administer Harare in clear contra-
vention of the law. It is this illegal
Commission which is nominally
ordering the destruction in Harare.

My own personal feeling is that
these actions are a direct result of
the March 31 elections. The regime

has had two months to analyse the _

genuine voting results which.came
from over 8,000 polling stations in
120 constituencies. With an average

of under 280 or so'voters per polling ~

station, it is easy for the regime to see
exactly what and where its support is.
I can only believe that there was a
massive vote for the opposition
MDC and this led the regime to
embark on this huge social engi-
neering project.

‘ As for calls for intervention, I
believe that only international pres-
sure will ameliorate or end this crisis.
As a society, we have been degraded
by years of oppression stretching
way back into the colonial period
and before.

As many as 30 per cent of Zim-

left. We survive on remittances from
our relatives working overseas and in
South Africa. This means we have
neither the people nor the resources
to mount any but the most sporadic

: . - 20. : and ineffectual demonstrations
Published Daily Monday to Saturday illegal activities his regime has per-__ against the regime. Most of us here
Dear Sir Ronald, petrated. Apart from subverting the —_ have retreated into our personal and

private space and have withdrawn
from the social/public sphere in our
quest for survival.

Our recent efforts to mount a
stayaway bears testimony to this real-
ity.

There will be no internal upris-
ing, I am certain, although riots are a
distinct possibility as people get
pushed to the edge.

The white West cannot do much
since Mugabe has a lockdown.on
anti-colonialist rhetoric and even
Mbekt is afraid to challenge this. We
need a broad range of advocates
from around the world, especially
the Caribbean and black America, to
speak out and support Mbeki who I
am sure is only too keen to see the
end of Mugabe. and the Zimbab-
wean crisis. As a former diplomat
in the Caribbean, could you use your
contacts to advocate for such a
move? If we can give Mbeki a face-
saving method in which he can
oppose Mugabe, then just maybe
the noose will begin to tighten.

Sorry to send you such a long e-
mail when I really just wanted to say
thank you!

means for residents of Grand Bahama we “When you look at the money donated by We estimate that between babweans have left the country in MICHAEL DAVIES
thought it was important for us to stepinat — Sir Jack and Edward St George they said _ 300,000 and 1.5 million people have _ the last five years. By the regime's Zimbabwe,
this stage.” specifically schools, and so that would. never been displaced. own admission, .70 per cent of the June, 2005

What a burich of poppycock!

No wonder the public has no time for fast-
talking politicians with their political spin on
everything they either do, or fail to do.

According to Mr Gibson, he as Minister of
Housing had flown to Freeport because “a
concern was raised by a representative of
Grand Bahama about the condition of the
YMCA. And the prime minister thought it
was very important for us to come down and
see what sort of assistance we could render.”

That is Mr Gibson’s spin on the events.
However, we can assure him that he got that
telephone call from a very worried prime
minister who was:‘concerned about the noise

~ that Sir Jack was. making in Freeport.

And Sir Jack. was raising his voice because -

of the way he was treated by the executives of
the National Emergency Management
Agency (NEMA) when he followed up ona
letter written by the Y’s chairman asking for
funds to restore the community facility, dam-
aged by the two hurricanes. The letter was
dated January 17, 2005. It was now the end of
June and nothing had been heard from
NEMA.

‘When NEMA ignored the Y’s plea for
financial ‘help, Sir Jack assured its board of
directors that they needn’t worry — hadn’t he
and his partner, the late Edward St George

_given NEMA $1 million for Grand Bahama,

specifically for “the educational facilities on.

Grand Bahama”. As far as he was concerned
_ the Y was eminently qualified to receive
funds from that donation.

And so Sir Jack got on the phone to
NEMA. After the initial telephone conver-
sation, the NEMA executive. neither took,
nor returned any further calls from Sir Jack.
Eventually Sir Jack could take no more of the
rudeness.

He burst into public print, demanding to










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¢ LLM (General)



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September antl February —
Starts available for most courses

have been spent on the YMCA because it is
not a school,” said Mr Gibson as be put his

foot further into his mouth on an issue he

himself said should not be focused on.

Nowhere in their. letter of instructions did
the two donors mention the word “school”:
Their “express wish” was “that these funds be
used for restoring the educational facilities on
Grand Bahama”. And the Y, a family centre
that serviced the whole community, was cer-
tainly an “educational facility”.

It was mainly because it was an educa-
. tional facility that the late Sir Wallace Groves, .

founder of Freeport sent Sir Jack to Florida
in the sixties to get more information on the
Y. “Wallace was always g grateful that the Y
had taught him how to swim,” said Sir Jack.
He was also impressed because it was a chris-
tian, family-oriented organisation.

The Hayward family donated an Olympic
size swimming pool, Rotary donated the play-
ing fields, the gym was donated, Freeport
residents rallied around to raise money to
build the facility, their names etched into the
building blocks. The Y taught swimming, vol-
leyball, gymnastics, and many other sports, in
addition to offering a community fitness cen-
tre. According to Sir Jack it was the best

facility in the Caribbean; and it was educa-:

tional.

And so the Y was introduced to Freeport
as an educational facility that would mould
the whole child and young adult after the
schools had taught them to read, write and
calculate.

“I am sure if we were approached earlier
by the YMCA we would have rendered some
kind of assistance,” Mr Gibson told the press.

We would suggest that Mr Gibson deliver
the funding to make it possible for the Y to

‘continue serving the community, and stop

spinning tall tales for public consumption.






WOLVERHAM PTON

tudy Caw in the UK

¢ LLM International Corporate & Financial Law

We cannot accurately determine

the numbers. Many single room.

housed families of 5,6 or more peo-
ple. Many rooms were used by mul-
tiple "time-share" occupants who
would sleep in shifts.

The onslaught against informal

sector traders which began on 19
May has destroyed the livelihoods

of at least 150,000 people and their .
. dependents.

The informal sector is the main-
stay of the Zimbabwean economy
after the destruction of the formal

sector following the collapse of com-

mercial agriculture and the ripple

effects. therefrom. Even small village. ,

markets in remote rural villages have
been destroyed.

Coping Strategies:

Displaced people are —

a. moving into relatives' homes in
turn displacing tenants

b. relocating to rural homes where
they are either met withhostility from
locals or are putting additional strain
upon the rural economy which is
already reeling from drought, polit-
ical tensions and social dislocations
caused by the resettlement pro-
gramme. Relocation is expensive
and there is a fuel'crisis so many bus-
es are not. running, The church is
providing some assistance but the

- scale of the problem is beyond even

their capabilities and resources.
c. camping outdoors in church
yards, or on the side of the roads ~

d. being interned in supposed
“holding camps'

e. fleeing to neighbouring coun-
tries

Mugabe's claim that this i is a

crackdown against "illegal activities"
rings false in the light of the many

so-called productive sector have now





Editor, The Tribune.

Dear Sir Ronald,




rights. Please!




ROB
Zimbabwe,
June, 2005.

No intervention needed

The following is a letter to Sir Ronald Sanders commenting on his
article published: in The Tribune on June 20.

It is sad and unfortunate that a highly- -respected persona of
your callibre would allow himself to sink to such low levels as a result
of ill-concieved and baseless views on Zimbabwe. Contrary to your
suggestion, Zimbabwe does not need Europe or American (or even
African) intervention: Why do you guys always seem to suggest |
Africa needs Europe. That's a colonialist theory:of thinking. We
need no European assistance in Zimbabwe or in Africa to say the
least. History speaks for itself. You want me to believe Tony Blair
is a good guy? Give us a break? I wrote a PhD thesis
on British imperialist policies in Zimbabwe and I must admit peo-
ple get it wrong when they always throw.the blame at Mugabe.

The clean up is a vital exercise to clean up Zim cities and there
is nothing wrong with that. It's taking place in Kenya and South
Africa right now. You hear nothing of it in the press. I lived in
England for quite a long time and I remember seeing illegal settle-
ments being razed down. That was normal then. Isn't it a double
standard to say it's wrong when poor Zimbabwe follows suit. ‘

There is evidence to show that Mugabe is one of the most pop-
ular men in Africa: Africans, myself included, like him because he
is brave and he tells European. imperialists, whom I assume think
along your lines, off. What the British as well as people who think |
like you forget is the fact that Mugabe introduced human rights in
the country. Tony Blair can't teach Zimbabwe any lesson on human

The international media is leading attempts to isolate Zimbabwe. —
That's okay. But that's what you get in return. Mugabe is legitimate
and I support him. He is the right man to lead Zimbabwe. —

That said, I respect your view on. Zimbabwe.





































Public Utilities Commission



UNIQUE JOB OPPORTUNITY
Regulatory ESO no ais t

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approaches to regulating the sector has made it mandatory for the Public Utili-

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The Job

The successful applicant for the position will provide specialist advice on the

economic and financial performance of regulated utilities. He will also work as

an integral part of a multi-disciplinary team of professionals to ensure effective

oversight by the PUC of the various providers of utility services in The Bahamas.

The candidate will perform market research and other economic studies relevant

to the current and future development of the telecommunications, electricity,

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Training

The candidate will be trained to carry out economic and financial analyses

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Applications should be received by 29 July, 2005

for advice on courses in Law and other subjects. Interested applicants may deliver or fax resumes to:

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4th Terrace East, Collins Avenue
.Fax No. (242) 323-7288
E-mail: PUC@pucbahamas.gov.bs



Stuart Williams. Associate Dean











THE TRIBUNE

MONDAY, JULY 18, 2005, P/ 3



Wilchcombe:
Marina Village

AITO O LUN WAL
Bay Street
revitalisation

@ By KARIN HERIG
Tribune Staff Reporter







THE newly opened Marina
Village at Atlantis on Paradise
Island will offer significant com-
petition to Bay Street mer-
chants, Minister of Tourism
Obie Wilchcombe said yester-
day.

Describing the launch of the
newest addition to the Atlantis
product as “exciting,” Mr
Wilchcombe told The Tribune
that the new competition
enhances the urgency to move
ahead with the revitalisation of
Bay Street.

“The danger now of course
exists that tourists will gravitate
towards the Marina Village
instead of downtown Nassau,”
he noted.

The long-awaited Marina
Village opened for its first day
of business on Friday. The offi-
cial opening is planned for later
this month.

The 65,000 square foot com-
plex will offer visitors and
Bahamians alike five restau-
rants, 21 retail outlets as well
as areas that showcase Bahami-
an arts and crafts.

“No question that it will be
competition to Bay Street, but
this only encourages us to move
more rapidly in offering the
kind of standards found at the
Marina Village across the board
in the Bahamas,” he said.

Downtown.

Mr Wilchcombe reiterated
that Prime Minister Perry
Christie has received the master
plan for the redevelopment of
downtown Nassau, as prepared
by the Atlanta-based consul-
tancy firm EDAW.

And although the plan has
not yet been presented to Cab-
inet, he said that he expects the
government to “move ahead
with haste” in this matter.

“Bay Street benefits from a
very distinctive reputation
which still draws tourists, nev-
ertheless it definitely needs a
face-lift,” he noted.

- The tourism minister said
that the Bahamas can learn
from the example of Atlantis,
“who constantly improve upon
their product”.

“No matter how good it is,
they always strive to make it
even better, always adding new
features and new attractions.
That’s what’ we need to with
Bay. Street and Cable Beach.
We have many high-end visi-
tors and we charge big bucks, so
he have to be able to offer mon-
ey’s.worth,” he said.

Highlighting the benefits of
the Marina Village; Mr Wilch-
combe said that it adds to the
country’s tourism product and
to the “wonderful mystique that
is Atlantis, which will ultimate-
ly.attract even more visitors”.

“Tf you can piggy-back on
the success of an international-
ly recognisable brand like
Atlantis, as we have done, it
results in tremendous dividends
for the country. And in addi-
tion to offering new employ-
ment opportunities, the Marina
Village will also add signifi-
‘cantly to our GDP,” he said.



















































































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A success story for Bahamian
entrepreneurs to emulate

L IS to be hoped that
there is swift resolution

of the impasse involving West-
ern Air Charters and the
Department of Immigration
over the deportation of sev-
eral of that company’s pilots
for alleged violations of the
immigration laws.

Whatever the truth of the
matter regarding the status of
the employees in question, the
facts of Western Air’s contri-
bution to the development of

Andros and, even more’

importantly, to indigenous
entrepreneurial activity, are
beyond question.

As a fully Bahamian-owned
entity, Western Air is one of
those businesses that stands
out as a success story for
Bahamian entrepreneurs to
emulate — all the more so for
being based in a Family Island

that has little history of organ-'

ised enterprise.

Aside from Western Air,
every large employer in North
Andros is either a foreigner
or a government corporation.
By all accounts, this singular-
ity of success is down to the
drive, dedication and intelli-
gence brought to bear by the
airline’s owners, Mr and Mrs
Rex Rolle.

In going out and creating a
business, rather than simply
waiting for someone to
employ them, the Rolles have
put their money and their
energies where many a politi-
cian (from both sides of the
arena) has put liberal quanti-
ties of mouth.

He: is a private com-
pany that has

entered into a resourceful
arrangement with Bahamasair
to take over all of the latter’s
service to the island of
Andros. In doing so, it may
just have succeeded where
many of the rest of us have
failed and shown the brighter
of our politicians that giving
such routes to smaller, private
carriers is the way ahead
for the troubled national car-
rier.

Moreover, on the Ficepart
run, where it actively com-
petes with Bahamasair, West-
ern has shocked the national
carrier into undertaking a
noticeable improvement to its
own service. It now boasts a
loyal following
Bahamians, like myself, who
make the Freeport run with
any frequency.

In addition to employing
some 50 Bahamians, it has
now completed the construc-
tion of a headquarters, pas-
senger terminal and fixed base
operation at San Andros
which at least appears to be
more than the equal of any
government-constructed Fam-
ily Island airport.

All of this makes it very

unfortunate that an agency: of
the Bahamian government,
albeit in alleged keeping with
the letter of the law, should

be the one thing that finally



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manages to ground this suc-
cessful Bahamian company.

Bahamian employers
should be favoured

[ seresin comparisons
have been made in the

press between the treatment
meted out to the Rolles in this
instance and that which sup-
posedly greeted Mr Gerardo
Capo’s allegedly irregular
employment of Mexican
builders at his Bimini project.
For reasons very different
from the ones listed by Mr
Capo himself, those compar-
isons are in fact inappropri-
ate.



Air is, by contrast, a matter
whose repercussions will
remain within the Bahamas.

This gives our government
an ultimacy of power to which
it is perhaps not accustomed,
but in the exercise of which it
must be especially sensitive,
for the sake not only of some
abstract notion of justice, but
of those many potential
Bahamian entrepreneurs
whose contribution or other-
wise may determine whether
we do become a productive,
indigenised economic culture
or remain a backward version
of Dade County.

A sensible and responsible
immigration policy would,



“In addition to employing
some 50 Bahamians, it has now
completed the construction of a

headquarters, passenger terminal

and fixed base operation at San
Andros which at least appears to
be more than the equal of any
government-constructed Rauuty

Island airport.”

4



A government of the
Bahamas, being charged prin-
cipally with promoting the
development of Bahamians,

_has not merely a right but a

positive duty to discriminate
in favour of Bahamians wher-
ever this is possible and will
not have’ consequences that
are repugnant to the public
interest. This does not mean
propping up basket cases just
because they happen to be
Bahamian.

But it does mean deliber-
ately fostering Bahamian busi-
ness growth as a means of
countering the imbalances that
continue to distort our soci-
ety. Among these imbalances
is a dearth of an indigenous

. productive culture, which con-

tributes to a cyclical depen-
dence upon foreign capital.
This leads to a corresponding,

‘politically fraught pressure

(from the sources of that cap-
ital) to liberalise trade, invest-
ment and immigration policy
and to implement ‘interna-
tional’ regulatory initiatives —
in other words, to expedite
and complete the process of
absorption of which our pre-
sent economic policy is a nat-
ural first step.

While an Atlantis, a Baha
Mar or.a Mr Capo has some,
but limited incentive to indi-
genise their employee base,
we must remember that their
first priority is to sharehold-
ers that are generally beyond
the seas. Though the scale is,
of course, very different, the

success or failure of a Western







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therefore, distinguish to some
degree between Bahamian
businesses and foreign
investor-owned ones when it
comes to the granting of work
permits for employees.
Bahamian businesses should
always be given the benefit of
the doubt in matters such as

these, since any potential _

threat to Bahamian jobs is
partly compensated by the
success of a Bahamian-owned
business.
Although government may
now plausibly claim that it in
fact uses its discretion in
favour of Bahamians under
the present regime, it is in
matters such as. the Western
Air affair that Bahamians will
continue to speculate whether
or not.that discretion is exer-
cised in an even-handed man-
ner.
Clearer policy guidelines,

which distinguish clearly.

between Bahamian and non-
Bahamian businesses should
be published in order to give

our entrepreneurs an assur-
ance that they will not be the
victims of politics if they
decide to stake everything
they have on a business ven-
ture that may require immi-
grant labour.

It is in this regard disturbing
that Minister Vincent Peet,
one of the most competent
and respected members of the
PLP government, should feel
this matter to be so politically
‘hot’ as to purport to recuse
himself from it.

It seems to demonstrate the
extent of the problem we con-
tinue to face removing the
aura of politics from immigra-
tion policy.

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PAGE

6, MONDAY, JULY 18, 2005

THE TRIBUNE



Ground broken

for new Cotton
Bay development



Hi WIM Steenbakkers, director of operations of Cotton Bay Estates and Villas Limited; David
Reuin, chief executive officer of DECON; Franklyn Wilson, chairman of Eleuthera Properties
Limited; and Whitney Irons, president of Devmat Incorporated, at the groundbreaking ceremony
for Cotton Bay Estates and Villas.

Photo: Franklyn G Ferguson

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A VISION built upon the
concept of the legendary Cotton
Bay Club in Eleuthera came

one. step.closer to fruition on

Friday when ground was bro-
ken on the site of Cotton Bay
Estates and Villas.

The Cotton Bay Club was
once considered one of the
world’s finest resort destina-
tions, and the new development
will mark the rebuilding of the
property that was often
described as one of the most
beautiful stops in the Bahamas.

Not only does the develop-

‘ment potentially mean revitali-
_Sation-for.the-island’s- flagging

economy, it also marks the first
time that a majority Bahamian-
funded and managed group has
‘undertaken an investment ini-
tiative of this magnitude.
Cotton Bay Estates and Vil-
las in Eleuthera is a 1,500-acre
development comprising 114
beachfront and ocean view
estate lots, a 69-room luxury
boutique hotel based on a villa
concept reminiscent of the old

Cotton Bay Club, a grand club- ~

house with full amenities and
two secluded beaches.

The project in Rock Sound is
expected to create 100 to'300
jobs over the next five years for
Bahamians.

Prime Minister Perry
Christie, who attended Friday’s
groundbreaking, congratulated
the shareholders of the compa-

“iy for “withstanding all of the

rigors of-our economy, the ups
and downs, the negative com-
mentary of people who saw pol-
itics through jaundiced eyes, of

even our own relatives here

who were not been able to grow
with the times”.

Mr Christie had made a spe-
cial effort ‘to attend the cere-
mony because he knew Thomas
Alfred Sands, a native of Rock

Sound and the CEO of
Eleuthera Properties Limited
(EPL), developers of the resort
community development.

“As I said to Thomas when
he took me first on the site
before. I became ill, your father
knows as he moves on that he
has done his best to prepare his
children to take his place, and
he knows with absolute cer-
tainty that you will be able to
give your mother the same
degree of comfort that he
would have been able and what
have done,”
minister.

-—~“F know he loved them and’

they know that. I know he loved
Eleuthera and I know he’s a
naturalist.

“And I will simply say with

respect to him that my govern-

ment will see beyond the com-
pany and will name the way or
the street to this site after
Alfred Sands.”

Disappointed

Mr Christie noted the “mag-
nificent achievement in the his-
tory: of the Bahamas” by
Bahamian businessman
Franklyn Wilson, EPL chair-
man, but said. that he was dis-

‘appointed in the lack of process

that had been made by other

planned developments on
_Eleuthera. ; chs
Mr Christie said that when

he came to Eleuthera to con-
gratulate Oswald Ingraham on

‘becoming the Speaker of the

House and the MP for the area,
he had announced a planned
development for South
Eleuthera and one for Central
Eleuthera. :

“This:was announced at least
a year to 18 months before we
announced this development

said the prime:

and I am disappointed that they
have not taken the-steps that
we had anticipated,” he said.

According to Wim Steen-
bakkers, director of operations
for EPL, the company plans a
soft opening of the clubhouse
in December 2006, but estate
lots, starting at $400,000, are
already for sale.

Also attending the ground-
breaking ceremony were Goy-
ernor General Dame Ivy
Dumont, Anglican Archbishop
Drexel Gomez, members of the
Cabinet and Mr Wilson.

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THE TRIBUNE MUNDAY, JULY 18, ZUU5, PAUc 7

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PAGE 8, MONDAY, JULY 18, 2005

THE TRIBUNE



LOCAL NEWS



Lawyers back former MP’s call for
a moratorium on immigration

@ By KARIN HERIG
Tribune Staff Reporter

TWO Bahamian lawyers have

lent their full support to the call -

for a moratorium on all migrants

_to the Bahamas, as proposed by -
a former PLP Member of Par-

liament last week.

Attorney Paul Moss.told The

Tribune yesterday that the
“ Bahamas’ immigration policy is

“over-abused” and allows for-
eigners easy access into the
country.

“Other countries are laugh-
ing at us because they know
they can always find a way

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around our immigration laws,”

-he-said.

Fayne Thompson described
the country’s current immigra-
tion laws as a “hodge-podge
lazy immigration policy”.

“We don’t even have a proper
immigration policy. I think it is
time to stop and get a look at
where we are now and where we
want to go,” said Mr Thompson.

He explained that he would
support a temporary moratori-
um on all immigrants to the
Bahamas, so that officials could
“get a handle on how many and
who exactly we have in the
country”.

Mr Thompson said that this
step of determining how many
immigrants reside in the
Bahamas would also be neces-
sary before the country enters
into any future regional or inter-
national arguments facilitating
free trade.

Mr Moss said that a morato-
rium on immigrants is “long
overdue”, and that he supports
it fully, “except for in those sec-

~-tors where it would have an



@ FAYNE Thompson

adverse effect”.

He explained that an immi-
gration moratorium should not
apply to fields where there are
no Bahamians swaths sufficient
expertise.

“For instance, if we were to
introduce LNG, clearly we have
no experts in the country. In
such a case we could allow for
foreigners,” he said.

However in the financial sec-

tor, he said, a moratorium
would be desperately needed.

“We have more then enough
qualified Bahamians who can’t
get jobs in the financial services
right now. A moratorium
would help with this problem,”
he said.

Speaking at a well-attended
town meeting hosted by the
Civil Society last Wednesday,
former PLP MP Elwood Don-
aldson, who was also one of the
“Dissident 8”, called for an
immediate moratorium on all
migrants into the Bahamas, save
those needed for vital govern-
ment problems.

And former minister of immi-
gration Loftus Roker warned
that the Bahamas’ current poli-
cies would lead to the country
being over run by Haitians in
the next two decades.

“It is an issue of emergency,
soon we are going to be
swamped and the Bahamian
nation as we know it will be
extinct. Mr Roker and Mr Don-
aldson hit the nail squarely on
the head,” Mr Thompson said.



International education conference MbYeseistes

THE Bahamas will host del-
egates from more than 20
countries this month when
education ministers from
throughout the commonwealth
gather in Nassau for the
Regional Mid-term Review of

. the 15th Conference of Com-

monwealth Education Minis-
ters (ISCCEM).
The Mid-term Review Meet-

. ing for the Caribbean/Canada

ricls srmmallest
glucase

region will be held from
Wednesday July 27 to Satur-
day July 30 at the Radisson
Cable Beach and Golf Resort.

Fifteen education ministers
will head their respective dele-
gations. Special guests of the
meeting will be education min-
isters from Fiji Islands, The

Maldives, Sierra: Leone and»

south Africa. yo
Delegates will include offi- |

neter



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seation
-,) Wealth in the conteyt of ‘the





cials of the Commonwealth
Secretariat Sir John Daniel,
president Commonwealth of
Learning, and Ann Keeling,
director Social Transformation
Programs Division.

And education ministers
from Africa/Pacific Region will
offer special presentations at
the National Art Gallery of the
Bahamas on Friday July 29
under the theme “Challenges
in Education in Other Com-
monwealth Countries”.

The Mid-term Review meet-
ing in Nassau is a follow-up to
the 1SCCEM held in Edin-
burgh, Scotland in October -
2003.

At that meeting, ministers
reviewed the progress of edu-

main theme of the Conference



across, the commonz-.: «

— Closing the Gap; Access,
Inclusion and Achievement.
They identified key issues,
challenges and opportunities
that needed to be addressed if
their education aspirations

"were to be achieved.

. Ministers will provide “coun-
try updates” of the 1SCCEM
Action Plan during discussion
group sessions. Six areas will
be addressed — improving qual-
ity education, mitigating the
impact of HIV/AIDS in edu-
cation, using distance learning
to overcome barriers, support-
ing education in difficult cir-
cumstances, eliminating gen-
der disparities in education and

.expanding access to universal

primary education.

see At AS - the first time the.
Bahamas will host the educa-

tion ministers conference.

to institute

THE Youth | Youth Binpowetnient
and Skills Training Institute
(YEAST) was on the receiving
end of-five personal computers
donated by its principal corpo-
rate sponsor, The Family
Guardian Insurance Company.

The computers will facilitate
the school’s expanding capacity
to provide character and lead-
ership development opportuni-
ties for more young men.

YEAST recently teamed with
the Ministty of Youth, Sports and
Culture for the pilot programme
of the Restorative Segment of the
government’s National Youth
Service, in BARC, North Andros,

Y*earlier this year, graduating 22

Junior trainees on April 8, and
29 Senior trainees on July 1.



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THE TRIBUNE

MONDAY, JULY 18, 2005, PAGE 9



Bid to preve

LOCAL NEWS

further job cuts

FROM page one

hurts,” said the minister.

The Isle of Capri hopes
government will consider a
proposal for a reduced tax
rate structure, from 17 per
cent to nine per cent. Isle of
Capri reportedly owes $6 mil-
lion in casino taxes.

However, Mr Wilchcombe
said that changing the tax
structure is not as simple as
it seems.

“We are looking at how
easily it could be to change
or even if we would want it
to be changed easily. The

trouble is that we would have
to change it across the board.
(Hotelier) Phil Ruffin was
very annoyed when he was
here, that he did not have the
kind of concessions that

Atlantis had. What we had to |
_ explain is that the amount of

concessions. in taxes is based
on the size of the investment.
The Isle of Capri is a $12 mil-
lion investment. They are a
casino not a hotel, what then
justifies the reduction?”

The property is also looking
for government to provide a
$5 million grant for promo-
tion campaigns. Mr Wilch-
combe said that this too may

pose a ae for govern-

ment.

“We are in a bind because

we want Bahamians
employed and are. being

_ asked to give up the revenue
from taxes; and having the.
ministry pay for marketing for _

properties at around $7-$10
million a year, this places you
in a position where govern-
ment may as well pay the
salaries of the workers them-
selves,” he said.
Nevertheless, Mr Wilch-
combe said that the Isle of
Capri had an excellent first
quarter and has proven itself
to be a very good corporate

citizen.
Beyond the current prob-

- lems facing the Isle of Capri,

the minister said there is cur-

rently a proactive evaluation
-of the entire tourism struc-

ture on Grand Bahama.
“Grand Bahama’s tourism
season is expected to pick up
next month and we are look-
ing at a situation where. the

-3,000-plus rooms on the island

may not be enough, and we
are looking at the revitalisa-
tion of the International
Bazaar,” he said. “Nothing
has been happening there
because of the closure of Roy-
al Oasis.”

nt Miller hits

back



over

agreement

FROM page one

interest and it would be

impossible for. another.coun-

try to find fault with that.
“CARICOM made a deci-

sion during the start of the

Gulf War that the invasion of
- Iraq was wrong,.so you see
despite these geopolitical con-
flicts we have.to see what
works well for us and what
does not,” said the minister.



WANTED

Administrative Assistant

| A leading pharmaceutical company | |

seeks to identify ‘an ambitious and

Plagiarism case report expected this week

FROM page one

lecturers and students of the college.

In late June a special advisory panel was
convened to determine if action should be
taken against Dr Smith. The panel is made
up of Archbishop Gomez; Bahamas
Ambassador to the United Nations, Dr
Paulette Bethel; vice-chancellor emeritus
of the University of the West Indies, Pro-
fessor Rex Nettleford; president-elect. of
John Carroll University i in Cleveland; Ohio,
Father Robert Niehoff; and retired justice
Joseph Strachan, who chairs the panel.

Also addressing the issue of the embat-
tled COB president was Sir Arthur Foulkes,
who yesterday described plagiarism as “a
grievous sin”.

Sir Arthur was speaking as a guest on
Love 97’s Jones and Company.

Dr Smith issued a public apology for
omitting to cite a source which he used in
the address delivered during the college’ s
graduation activities.

Since his apology and the media reports
that followed, the question of whether Dr
Smith should resign his.post has been raised.

“Tam not one of those who say let him
slide. I believe I am a tolerant and forgiving
person, and if the gentleman made a mis-
take, quoted two people in his speech and
gave one credit but failed to credit the oth-








Sees

er one, I might have said that OK I can
forgive you for that.

“But this was an egregious case of pla-

giarism, paragraph after paragraph after
paragraph. You can’t have that in an acad-
emic institution that is going to be your

He said it was hard to see how Dr Smith
could maintain the respect of COB’s facul-
ty, and more importantly the students of
the institution.

“I am sorry that it has gone on so long
and I don’t know why we are appointing a

dynamic individual for the position of

administrative assistant. Interested
persons should possess: «

¢ Diploma from.a recognized secretarial

_ Institution

’ e Strong commiunication skills (written

and verbal) '
e Thorough working owicdge of

Microsoft Word, Excel and PowerPoint

¢ Good organizational skills and the
ability to meet deadlines.

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Arthur. said. ae
Girl found dead in. pool



FROM page one

caution parents to really supervise their children properly when they take them to the
beach, to regattas, to picnics around the pool. We hope that if everyone heeds this cau-
tion we can prevent such tragedies from happening,” said Mr Evans.

¢ Police are also investigating a stabbing incident which resulted from an altercation
between three women.

A 31-year-old woman of Montell Heights sustained multiple stab wounds to her neck
after a verbal dispute with two other women escalated out of control, around 8pm Sat-
urday.

The woman was admitted to Princess Margaret Hospual, where she is currently
being treated for her injuries.

e Officers on routine patrol in the area of Malcolm Park at 3.45pm on Saturday, arrest-
ed a 26-year-old man after discovering a 9mm Ruger pistol and 15 live rounds of
ammunition.

The police said they stopped the suspect after he displayed “suspicious” pebiavions:
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THE TRIBUNE

MONDAY, JULY 18, 2005, PAGE 11



@ By DENISE MAYCOCK
Tribune Freeport
Reporter

FREEPORT - Haitians liv-
ing on Grand Bahama will cel-
ebrate Haiti’s 201 Indepen-
dence at the second annual
Haitian Heritage Festival slat-
ed for July 29 to August 1.

Margarette Raymond-Fer-
guson, festival chairperson,
announced that two renowned
Haitian bands out of New
York and Haiti are expected
to perform live in Freeport for
the celebrations. And Haitians

living in Miami are also

expected to travel to Grand °

_ Bahama for the event.

LOCAL NEWS

on Grand Bahama get
ready to celebrate independence

Renowned bands

Last year’s festival was very
successful and _ further
strengthened the relationship
between Haitians and
Bahamians, said Ms Ray-
mond-Ferguson.

Objective

This year’s objective is to
assist four Haitian-Bahamian

student athletes — Cordero

expected to perform.

Charles, Cordero Light-

bourne, Castello Bain and’

Alan Petitcompere — with air-
fare to attend colleges over-

seas. The boys, who are mem--

bers of the Golden. Eagle

Track at Eight Mile Rock —

High School, have received

scholarships from colleges in*

the United States. -
Activities will begin on Fri-

day, = 29, with a live con-

‘band performance by

‘cert by the Haitian Compras

Band at the Taxi Union Hall,

- from 9pm until: A Cultural
_Expo is planned for Saturday,

July 30 at Sunset Village,
Eight Mile Rock, where there
will be various cultural dis-
plays, such as Haitian arts and
craft, cuisine, theatre, drama,
dance, plaiting of the may pole
and a gospel concert from 5
to 7pm.

| Performance

The event will end with a
Junkanoo rush out and live
B-Nice
Band from Haiti.

A eee Service will

Aaron Sra ammonite

@ By KARAN MINNIS



PLANS are underway to restore a
200-year-old structure on Eleuthera that
will serve as a museum, library and com-
puter and resource centre.

Organisers hope the facility will help
educate and inform both visitors and
residents about Eleuthera’s past.

Committee president of the Mission
Foundation, Chandra Sands, told The
Tribune that repairs to the Eleuthera
Mission House, which began in late
April, may be completed by the end of
the year.

In April, The Mission Foundation

began the process of restoring the two-.
century old structure, formerly known as :

the Rock Sound Clinic, into what will
now serve as an historic land mark on
the island.

Scope

The committee hopes that The Mis- :
sion House will “broaden the.scope of its.

charge as a centre for learning and edu-

cation”.

- The restored and refurbished Mission

House will be renamed “The South

Eleuthera Mission”, said. Ms Sands. ~
There, residents and visitors: will learn

tools 1 necessary for research and learning
ina modern society, and the benefits of

using environmentally friendly tech-

- nologies in the future. Provisions will

also be made to supply grants for small
business. start-ups on, the island, along
with advice.

- Donations towards the completion of
the project, set for early 2006, can be

sent to. the Mission Foundation’ ‘Account
#1080168 at First Caribbean Bank, Gov-

ernors Harbour Branch or to account
#36217, at Scotiabank, Rock Sound

’ Branch. For more information please

contact committee by e-mail at_
esands@rsp1976.com or call 242-334-

be held on Sunday, July 31 at
St Vincent de Paul Catholic
Church. On Monday, August
1, a beach bash will take place
at Taino Beach.

Ms Raymond-Ferguson said
the festival not only allows
Haitians to celebrate their cul-
ture, but also to fellowship and
interact with Bahamians.

Bahamas
Soccer Academy
Summer Camp .

July 25 to 29, 2005

about the technologies, resources and. ‘2203 in Rock Sound, Eleuthera.



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PAGE 12, MONDAY, JULY 18, 2005 THE TRIBUNE
LOCAL NEWS : :



NM ACS AG
Special state reception





@ PICTURED (I-r) are Captain Fernley Palmer of the Boys Brigade; Chief Inspector Lafonda Sut-
ton-Burke, officer in charge United States Customs and Border Protection (Bahamas); and Samuel
C Stubbs, former general secretary of the Bahamas Construction and Building Union and former
general secretary of the Bahamas Federation of Labour. A special state reception to celebrate 32 years
of Bahamian Independence was held at Government House on July 11. ;

â„¢ BEVERLEY Wallace-Whitfield (left) and
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B PANDORA Hanna (left), assistant manager
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PAGE 14, MONDAY, JULY 18, 2005



Bethel Brothers Morticians

Telephone: 322-4433, 326-7030
Nassau Street, P.O.Box N-1026

Pa secs ogee

BASIL HENRY
ARMBRISTER, 56








of #109 Mount Pleasant Village
and formerly of Duncan Town,
Ragged Island will be held on
Wednesday at 2:00 pm at Holy
Spirit Anglican Church, Howard
Street, Chippingham. The
Venerable Keith N Cartwright, the
Rev Fr Harry W Ward, the Very
Rev Patrick L Adderley, the Rev Fr
Peter A G Scott and the Rev Dr
Tyrone McKenzie will officiate. Interment will be made in Lakeview
Memorial Gardens, JFK Drive.

He will always be kept in loving memory by his wife Beryl;
cnildren, Bernadette Lockhart, Alexia and Bianca Armbrister,
Basil Jr, Byron and Petula Pratt; father, Stephen Armbrister Sr;
brothers, Albert, Stephen Jr and Oscar; sisters, lva Armbrister,
Brenda Glinton, Anicka and Monica Armbrister; grandchildren,
Kieran, Kirra, Dejah and Barron; nieces, Kiesha, Brenda, Myah,
Marion, Tara, Ayisha, Ashley, Shamia, Kenissa, Melenese,
anesé, Weleisha, Kourtney, Keltirah, Seaniquea, Ardsanay,



Sp ‘ews, Albert Jr, Analdo, Melford, Wellington, Torry Armstrong,
enion, David Jr; Shervin, Antonio, Oscar Jr, Jamari, Kanem,

Annibrstet Julia Pratt, Remona McClain and Arabella Johnson;

uncles, Melvin, Leaton, Charlos, Lee Asia and Arastacus

Armbrister; brothers-in-law, David Glinton and Adrian McPhee;

sisters-in-law, Juanita Armbrister, Pamela Knowles, Vera McPhee,

Beatrice and Francina Hepburn; other relatives and friends

including, Lovely Armbrister and family, Harriet Munroe and

family, Sarah Bridgewater and family, Evelyn Wallace and family,

Maudline Maycock and family, Martha Higgs and familly, De

Glanville Panza, Jacqueline Lockhart, Dexter Armbrister, Maurice

Wallace and family, Vera Wallace and family, Demison Nesbitt

and family, Berdie and Ned Munroe’and family, Cyril, Felton and

f Sunny Joffee, James Dean and family, Rose Clear and family,

i Beatrice Farrington and family, Andrew and Portia Armbrister;

i special friends, Norman and Gloria Gardiner, Ruth Ferguson,
Gordon and Mel Wong, Leroy Archer Sr, Sharon Wilson, Leroy
Jr and Joy Archer, Fr Tyrone and Leria McKenzie, Ethel Brown
and family, Pandora Johnson, Mina Grant, Jackie McCartney,
James Ward and-family, Rudy and Philip Stubbs, Patrick Williams,
Luz Arbelaez, Mizpah and Egbert Tertullien, Idris and gwen
Reid, Edward and Margaret Bostwick, Mike Lloyd, Douglas
Gilley, Ragged Island Community, Batelco family, CR Walker
and Scotish Lodge Affiliates - Bahamas, Jamaica and Canada,
Joel and Raymonde Cheruet, Gary and Joycelyn Gosstling, St
Christopher and Holy Spirit Churches.

NCETM ITUATION AO

Friends may pay their last respects at Bethel Brothers Morticians
#44 Nassau Street on Tuesday from 10:00 am to 6:00 pm and
Wednesday from 10:00 am to 12:30 pm. There will be no viewing
at the church.

A memorial service will be held on Monday 7:00 pm at Holy
f Spirit Anglican Church, Howard Street, Chippingham.

2 year or 30000 Mile Warranty

£50 OCEANS RET COLMAR NRT:



LOCAL NEWS

Guiding youngsters

THE TRIBUNE

with different needs
but a common goal

AS A small child, Jordan
was happy-go-lucky, playful
during school recess, friend-
ly, outgoing. But inside the
classroom, he became with-

drawn. The older he got, the |

more he struggled. By age
eight, he was so isolated
that teachers recommended
testing by the volunteers
and staff at Exceptional
Education Outreach (EEO)
in nearby North Eleuthera.
It didn’t take long to uncov-
er the source of Jordan’s
trouble — he had vision and
hearing problems. Once
diagnosed, Jordan was
treated to a school environ-
ment suited for his chal-
lenges and today at 10, he
not only studies well. He
laughs and plays and is the
picture of happiness.

Dreams

At Deep Creek Middle
School, at the opposite of
the end of the 110-mile long
island, a ninth grader who
dreams of being a doctor is
preparing for college
entrance with a special pro-
gramme aimed at helping
her get high scores on her
Bahamas Junior Certificate
Secondary Examination.

EEO and Deep Creek
Middle School,
Eleuthera-based pacesetting
educational facilities, are
guiding youngsters with far
different needs and a com-
mon goal — preparing for
what lies ahead — with gen-
erous awards from the
Lyford Cay Foundation’s
Gifts and Grants Commit-
tee.

“EEO and Deep Creek
fill an important gap in

Eleuthera where the chal-



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lenges of the economy have
been hard on-meeting spe-
cial education needs,” said
Alessandra Holowesko; »
chairman of the Gifts and
Grants Committee of the
charitable foundation. “The
children in Eleuthera
deserve the same consider-
ation and opportunities that
other. children in more
wealthy areas may have
available to them. With the
Foundation’s commitment
to help improve life
throughout the islands and
not just in the more densely
populated areas, it was a
very easy decision for our
committee to make. Both ©
facilities have strong gov-
ernment and community
support and we were very
impressed with what they
have. been able to accom-
plish on very tight budgets.”
Since 1998, EEO. has
helped children with special
needs in North Eleuthera
offering access to innova-
tive, educational pro-
grammes and materials



Â¥

Hutler’s Funeral Homes
& Crematorium

Tel: 393-2822, York & Ernest Sts.
P.O. Box N-712, Nassau, Bahamas

FUNERAL SERVICE FOR

MR. IRA CHRIS
_ AUSTIN
FERGUSON, 61











of Prince Charles Drive
and formerly’ of
Chester’s, Acklins will
be held,on Wednesday,
July 20°", 2005 at 2:00
p.m. at Calvary Bible
Church Collins Avenue.
Interment will follow in
Woodlawn Gardens,
Soldier Road.














Mr. Ferguson is survived by his Wife;, Brenda Mae
Ferguson; Two (2) Sons; Ira Ferguson Jr. and Shariff
Ferguson; His Mother; Viola Ferguson of Chester’s,
Acklins; Two (2) adopted-daughter; Hazel Armbrister
and Mary Jackson; One (1) Adopted-son; Carlos; Three
(3) Brothers; Edward Ferguson of Miami, Florida, Eric
Ferguson and Cedric Deveaux both of Chester’s,
Acklins; One (1) Adopted-brother; Phillip Higgs; One
(1) Sister; Helen Johnson; Twenty-eight (28) Nieces,
Twenty-two (22) Nephews, Three (3) Aunts; Albertha
Fraiser, Rosalyn Hanna and Estella Ferguson; One (1)
Uncle; Leo Ferguson; Five (5) Brothers-in-law; George
Huyler, Leslie Albury, Samuel Archer, Franklyn R.
Wilson and Adam Mackey; Seven (7) Sisters-in-law;
Dorothy Huyler, Telcine Albury, Maxine Archer, Hon
Senator Sharon Wilson, Brenda Ferguson, Hattimae
Deveaux and Catherine Mackey and numerous other
relatives and friends including; Hon Member of
Parliament for Mical and Minister of Agriculture V.
Alfred Gray, Sir. Clifford Darling, Vic-President of the
Senate Rev. Dr. C.B. Moss, Minister Benjamin Gray,
Mother Gene Curry and family, Chief Counsellor Roston
Cox, Marilyn Gardiner, Winfred Major, Madalene
George, Curlena Cox, Eliza Johnson, Philip, Maggie,
Mr. & Mrs. Benjamin Williams, Delores, Sylvia,
Cynthia, Rosalyn, Sheila of Miami, Florida, Geniva
Anderson, George Thurston, Poiter family of Miami,
Florida, Elizabeth Williams, Merlene Decosta, Mable
Higgs, the Major Subdivision family, Calvary Bible
Church family and the Straw Market family.

































Viewing will be held at the Chapel of Butlers’ Funeral
Homes and Crematorium, Ermest and York Streets on
Tuesday from 10:00 a.m. until 5:00 p.m. and on
Wednesday from 10:00 a.m. until 12noon and from
1:00 p.m. until service time at the church.






while preparing them'to
achieve academic.and per-'.

i STUDENTS who have
enjoyed the EEO and :
DCMS programmes,
sponsored by the Lyford
Cay Foundation.

(Photos: DP&A, 7
courtesy EEO/DCMS)









sonal goals. By contrast;
South Eleuthera’s Deep
Creek Middle School
(DCMS) has, since its incep-
tion four years ago, -pre-
pared about 30 seven to
ninth graders for the
Bahamas Junior Certificate
Examination, emphasising
hands-on learning experi-
ences.

DCMS Principal Jennie
Freeman, explained: “We
also serve the community as
a library and resource cen-
tre.

The Lyford Cay Founda-
tion has shown us that they

. believe in our mission and
‘deeply

care about
Eleuthera. These donations
help our, children afford the
cost of our.programme.”

According to °Mrs
Holowesko, both recipients
serve a broader goal.

Families

“Above and beyond

- meeting the needs of the

students they work with, not
to mention empowering
them and their families,
these two organisations do a
terrific job of focusing all of
us on the communities that
need help outside of the
major population centres.
They bring people from
Nassau, Freeport and
abroad to their communi-
ties to help improve local
know-how and best prac-
tices. They are both doing
an amazing job,” she said.
“REO and DCMS are run
extremely professionally in
a transparent manner and
with the children’s needs at
the top of their agendas. It
is a pleasure to work with
them.”

Lang Fincher of EEO also
agrees that this gift from the
Foundation is also a wel-
comed blessing. “The Foun-
dation assists our efforts to
train, gather professional
resources, establish a pro-
fessional network, and pro-
vide necessary assistance
to our special needs chil-
dren.”

The Gifts and Grants arm
of the Foundation, best
known for its scholarship
awards, responds to project-
specific needs throughout
the islands of the Bahamas.
This year’s gifts and grants
total more than $200,000,
funding improvements in
health, education and youth
development.







Harbour Island judged best in the Caribbean

@ By KARIN HERIG
Tribune Staff Reporter



HARBOUR Island has been
named the “world’s best island”
in the Caribbean region by the
internationally renowned Trav-
el and Leisure magazine.

Harbour Island was awarded
the title in the travel magazine’s
10th annual‘ World’s Best
Awards readers’ survey, in
which readers were asked to
choose from all the islands
and/or cities in the Caribbean
region, including Bermuda.

Winners in all the categories
were then celebrated during a
special lunch and gala at the
Four Seasons hotel in New
York last Thursday.

“This is a major accomplish-

“-ment, a great honour,” Minister

of Tourism Obie Wilchcombe
said yesterday, adding that the
ministry is now also preparing a
celebration for the residents of
Harbour Island.

The minister said he attrib-
utes this win to the unique and
diverse character of the island.

“Harbour Island offers a very
unique brand of tourism, it has
a lot of character,” he said.

“You have a very diverse soci-
ety in Harbour Island. You have
the black and the white Bahami-
ans living and working together,

‘and visitors feel very comfort-

able in this environment.
“Then you have the rich liv-
ing together with the not so

wealthy. No matter who you
are, no matter the hue of your
skin, you can walk down the
streets of Harbour Island go to
the nearest snack bar or to a
five-star restaurant,” he said.

Residents in the past months
have vowed to resist the pro-
posed Romora Bay Develop-
ment “with heart and soul”.
They have appealed to govern-
ment to put a stop to what they
see as an unsuitable addition to
theircommunity. —

“I believe that the magic of
Harbour Island is made up of
the people, it’s more than just
hotel rooms, and I am sure that
one or two developments will
not be able to kill the spirit of
these people,” the minister said.







fei

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PAGE 16, MONDAY, JULY 18, 2005 THE TRIBUNE

LOCAL NEWS



Crowds attend funeral for
Father Anthony Roberts |



B PRIME Minister Perry Christie and Deputy Prime Minister Cynthia Pratt give their —
last respects to Father Roberts at the graveside. THE p
(Photo: Mario Duncanson /Tribune Staff) , Photo: Franklyn G Ferguson





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One in three schoc
leavers unemploye

By NEIL HARTNELL
‘Tribune Business Editor

JUST over one in three
Bahamian school leavers is
unable to find a job and
becomes unemployed, a find-
ing that raises disturbing ques-
tions about the pace of eco-
nomic growth and whether the
education system is equipping
graduates with skills attractive
to employers.

The Labour Force and House-
hold Income Survey for 2004,

performed by the Department .

of Statistics and just made fully
public, said data extrapolated



MONDAY, JULY 18, 2005

from its survey of 3,500 Bahami-
an households revealed that the
youth unemployment rate in this
nation was 34.6 per cent.

It also found that some 40.per

_cent of those Bahamian workers

who are unemployed are aged
under 25 years-old.

The disturbing findings on the
level of youth unemployment
are likely to mean two things.
First, that the Bahamian econ-
omy is not growing rapidly
enough, and is not diverse
enough, to provide enough jobs

for the hundreds of school
“leavers who graduate each sum-

mer.

Cable approval to
give south ‘most
modern telecoms’

@ By NEIL HARTNELL .
Tribune Business Editor

. MANY southern Bahamas
islands will be opened up to
“the most modern telecommu-
nications” technologies, includ-
ing cable television, Internet,
video and data streams, when
a Cable Bahamas subsidiary,
received formal go-ahead for its
$45 million Jamaica Bahamas
Cable System (JBCS).:

; Anthony Butler, Cable

Bahamas president and vice-
president of its Caribbean
Crossings subsidiary, told The
Tribune that the latter was now
awaiting approval of its Envi-
ronmental Impact Assessment
(EIA) by the Bahamas Envi-
ronment, Science and Technol-
ogy (BEST) Cominission before

. the JBCS project could proceed.

He said the company had
accomplished “step one” in

SEE page 6B



‘Oil companies
- still waiting for
PetroCaribe detail



a MINISTER of trade and industry Leslie Miller

@ By NEIL HARTNELL
Tribune Business Editor

BAHAMIAN oil companies
are still waiting for the Gov-
ernment to supply them with
details. about how the Petro-
Caribe agreement and proposed
National Energy Corporation
(NEC) will impact their busi-
ness and supply chain; some two

icronet

BUSINESS TECHNOLOGY

weeks after the deal was first
announced.

When asked by The Tribune
if the Government had provid-
ed any details on PetroCaribe,

Louis Curti, Shell (Bahamas)

country chairman, said: “No. So
far, we are in the same situa-
tion” as when the agreement

SEE page 4B



www.micror



Since 1983

‘opt to take time out before

‘ BGCSEs, is not producing

Miami Herald Business, Stocks, Analys sis, Wall Street

Although it is not known
exactly how many high school
leavers there are each summer,
and a fair percentage may be
going on to higher education or

seeking employment, some esti- .
mates ‘put the number as high as
4,400.

And second, that the
Bahamian education system,
where pupils are attaining an
average grade of ‘D’ in their

enough motivated and qualified
graduates who have skills that
are attractive to Bahamian
‘employers.

@ By NEIL HARTNELL
Tribune Business Editor




THE major financial backer for New
Providence’s British Colonial Hilton and
South Ocean Golf and Beach resorts has
demanded that regulators withdraw an
“incomplete and inaccurate” report that
had “special concern” about its invest-
ments in the two Bahamian properties. ©
The Canadian Commercial Industry
Workers Pension Plan (CCWIPP) has hit
out at.a March 2005.report by the Financial

that criticised it for breaching federal reg-
ulations at home through its lending and

SEE page 5B

MoneyGrows@ColinaFinanci al.corm

tbs From desktop to departmental workhorse:, in brilliant color,
Toshiba copiers have more features, more functions,
more technology.

The survey did not identify
what it meant by ‘youth’ unem-
ployment, but this category is
likely to include workers aged
between 15-19 years-old at the
very least, and possibly those in
their early 20s. ,

Although he had nat seen the
report when. contacté:d by The:
Tribune, Philip Sinnon, the
Bahamas Chamber: ‘of Com-
merce’s executive director, said
when told about thie rate of

« ‘business, Freeport Concrete Despite the reduction in prof-
ie The: foyulent. At may speak said it would be leasing space «its, Freeport Concrete said 2005
may not be dynamic enough, oe ina “btand new building” that — third quarter sales were 4.8 per
y is curréntly under construction cent of the 2004 comparative
for its Home Centre business.
SEE page 6b The [Home Centre had been. SEE page 2B

Services Commission of Ontario (FSCO)

"She deserves a bright fu
called Colina Fina

For professional financial advice jin a friendiy atmosphere, you should call:

S Colina.

(OFAL ‘has provided the fuduire value projections for mformational purposes only
ipelential for-profit. ‘When investing, alwayom,

Past pariommen









1 | New store boost
d despite Freeport




Concrete’s loss

@ By NEIL HARTNELL
Tribune Business Editor






operating exclusively from its
heavily damaged Freeport base
ever since the hurricane, some-
thing understood to have taken
a toll on sales to retail cus-
tomers, although building sup-
plies revenues had risen
because of the damage from
hurricanes Frances and Jeanne.
To counteract the fall-off in
retail sales, Freeport Concrete
said its newly-opened Home
Centre store at Seahorse Plaza
was already profitable and
“performing very well”.








FREEPORT Concrete is
hoping to move its Home
Centre retail format into a
new building by February’
2006, having ended the lease -
‘on its former hurricane-dam-
aged premises. during a 2005
| third: quarter that saw it fall
to.a $147,088 loss.

Attributing the loss for the
three months to the end of
May 3h 2005, to its concrete












































| @ THE British
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eS TIO! 941 fares fire seus as pertfola hokdings are subject fo change. Addffionally, with any investment thete is a possibilty for loss as well as the
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PAGE 2B, MONDAY, JULY 18, 2005



THE TRIBUNE



Pe ee Business ae

Aa aA GL



It was a short and quiet past
week in the Bahamian market
as just over 12,000 shares
changed hands.

The market saw five out of
the 19 listed stocks trade, of
which two advanced, two
declined and one remained
unchanged.

with 5,850 shares trading, and
accounting for 47 per cent of
total shares traded, was Com-
monwealth Bank. (CBL).

The big advancer for the
week was Freeport Oil Hold-
ings (FCL), whose share price
‘rose by $0.52 to close at its new
52-week high of $8.98.

Hospital Health Systems
(DHS) lost $0.24 to end the
week at $2.26.

COMPANY NEWS
Freeport Concrete Company
(FCC) -

31, 2005; FCC posted a net loss
of $147, 000 or ‘$0.03 per share
compared to'net profit of
$94,000 for the same period last
year. —

to total $5.7 million, while cost
of sales grew by:7 per cent to
total $4.3 million. Operating
-expenses rosé dramatically by
some 21 per cent to total $1.4
million, compared to $1.2 mil-
lion in 2004.
The most notable increases
took place in the areas of pay-
roll costs and other operating
expenses, which rose by 22 per
cent and 60 per cent respec-
tively.

FCC management has cited
the addition of new employees
and increases in bank and pro-
fessional fees as the cause for
the sharp climb in its operating
expenses.

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Investors Tip of the Week

‘Energy Saving Tips:
_* Turn off appliances, lights
and equipment when not in use.
.* Unplug electronic devices
and | chargers when they are not
in use — most new electronics
use electricity even when
. Switched ‘off’.
_ * Unplug or recycle that
spare refrigerator in the garage
if you do not really need it.

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242-356-1697 thru 9.

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Life. Money. Balance both. 1-800-472-4648

¢ Trademarks of The Bank of Nova Scotia. Trademarks used under license and control of The Bank of Nova ‘sccitia.



Colina

Financial Advisors Ltd.



= ) FIDELITY






Pricing information As Of:























‘Symi



Kerzner. International BDRs 0.00%
‘0,






Last Price
11.00

52wk-Low
12.50 Bahamas Supermarkets
10.00 Caribbean Crossings (Pref)

52wk-Hi
73.00

Weekly Vol.




‘1.488 0.960















0.00%
6.93%

43.00
14.00
0.54

28. 00 ‘ABDAB

13.00 Bahamas Supermarkets 4.105 0.810



S2wk-Hi “S2wk-Low





_ Fund Name... NAV YTD%o Last 12 Months Div $ Yield %
1.2339 1.1710 Colina Money Market Fund 1.233938”
2.3657 2.0018 Fidelity Bahamas G & | Fund 2.3657 ***
10.4330 10.0000 Fidelity Prime Income Fund 10.4330*****
2.2487 a pets Colina MSI Preferred Fund 2.248725**

1.120044****

Ee — Bond Fund

BISX ALL SHARE INDEX - 19 Dec 02:= 1,000.00

52wk-Hi - Highest closing price in last 52 weeks

52wk-Low - Lowest closing price in last 52 weeks

Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change - Change in closing price from day to day

Daily Vol. - Number of total shares traded today

DIV $ - Dividends per share paid in the last 12 months

P/E - Closing price divided by the last'12 month earnings

** - AS AT MAY. 31; 2005/ **** - AS AT’ MAY. 31, 2005 .
* - AS AT MAY 27, 2005/ *** - AS AT JUNE. 30, 2005/ ***** AS AT JUNE. 30, 2005
















YIELD - last 12 month dividends divided by closing price

Bid $ -. Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol. - Trading volume of the prior week

EPS $ - A company's reported earnings per share for the last 12 mths
NAV - Net Asset Value :

N/M - Not Meaningful

FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100




Volume leader for the week .

On the down side, Doctors —

“For the quarter ending May °

Sales increased by.5 per cent .

Abaco Markets 0.00 -0.208 0.000 N/M 0.00%
Bahamas Property Fund 0.00 1.452 0.340 6.0 3.91%:
Bank of Bahamas 0.00 0.561 0.330 11.5 5.12%f
Benchmark 0.10 1,300 0.187 0.000 4.3 0.00%
Bahamas Waste 0.00 0.122. 0.000: 11.5 4.29%
Fidelity Bank 0.00 0.062 0.050 16.9 4.76%)
Cable Bahamas 0.00 0.589 0.240 13.6 3.00%
Colina Holdings 0.00 — 0.259 0.060 8.5 . 2.73%
*Commonweaith Bank -0.05 5,850. 0.673 . 0.410. 13.1 4.66%
Doctor's: Hospital * 0.00 0.452 0.000 5.5 0.00%|
Famguard 0.00 0.428 0.240 9.6 5.83%
Finco 0.00 . Q.662 0.500 15.7. 4.76%)
FirstCaribbean 0.00 0.591 0.380 12.6 4.34%)
Focot 0.52 5,200 0.708 0.500 12.7 S.57%EH
Freeport Concrete 0.00 : 0.082 0.000 14.0 0.00%
ICD Utilities 0.00 0.818 0.405 11.7 4.20%)
J. S. Johnson 0.00 0.561 0.550 14.8 6.75%F





BISX
SYMBOL PRICE



DIVIDEND/AGM NOTES:



The Local Stock Market

FINDEX 435.63 YTD 1.321%
CLOSING CHANGE

AML $0.89 $-
BAB $1.05 $-
BBL $0.80 $0.10
BOB $6.44 $-
BPF $8.70 $-
BSL $12.25 $-
BWL $1.40 $-
CAB $8.00 $-
CBL _. $8.80 - $-0.05
CHL $2.20 $-
CIB $8.75 $-
DHS $2.26 $-0.24
FAM $4.12 $-
FCC $1.15 $-
FCL $8.98 $0.52
FIN $10.50 $-
ICD $9.60 $-
JSJ $8.30. ae
‘KZLB $5.88 ~~ —$-0.01
PRE 100) $-

@ Benchmark (Bahamas) (BBL) has declared a dividend of
$0.01 per share payable on July 29, 2005, to all common share-
holders as.at record date July 15, 2005.

@ Kerzner International (KZL) will hold its Annual General
Meeting on July 19; 2005, at 10am at Atlantis, Paradise Island,
Coral Towers, New Providence Room, Nassau, Bahamas. -







VOLUME YTD PRICE







CHANGE
0 -19.09%
0 - 9.38%
1300 -5.88%
0 12.00%
0 8.75%
0 -5.77%
0 -22.22%
0 12.68%
5850 23.94%
125 0.00%
0 16.82%
1000 50.67%
0 4.04%
0 -42.21%
5200 12.25%
0 8.25%
0 -2.93%
0... . 0.97%
0 -2.97%
0 0.00%













International Markets

FOREX Rates

Weekly,
1.2206
1.7518
1.2037

CAD$
GBP
EUR

Commodities

Crude Oil
Gold

International Stock Market Indexes:
Weekly...
10,640.83
1,227.92
_NASDAQ™: +) +» 2-2:156.78
NG i eh 1775865

DJIA
S&P500



* Replace air conditioner fil-.
ters monthly to allow for maxi-
mum benefit. Dirty filters

FROM page one

period at $5.685 million, due to
increases at its Robin Hood for-
mat.

However, this was not
enough to stop an operating loss
of $40, 415 as opposed to last
year’s $236,859 operating prof-
it, and the eventual ret loss.
Gross profit margins fell year-

on-year from 25.8 per cent to’
- 24.1 per cent.

There was better news for
Freeport Concrete sharehold-
ers on accounts receivables,
which fell by almost 17 per cent
during the third quarter, going
from $1.969 million at the end
of February to $1.685 million.

Apart from an “aggressive
pursuit” of overdue accounts,
which could ultimately lead to
court action as a last resort,
Freeport Concrete also refi-
nanced its credit facilities during
a busy third quarter. It also

- obtained financing for the con-

Weekly
$58.09
$421.30

' % Change
0.17
0.83

0.62

% Change
2.58
-0.59

. % Change
1.83 —
1.33
2.08
1.67

restrict airflow and can cause
the system to run longer,
increasing energy use.



Home Centre to move

crete plant relocation and block- |
making plant construction.
This activity, though, caused a
rise in bank fees that pushed
general and administrative
expenses during the third quar-
ter higher to $616,397, an
amount equal to 10.84 per cent
of sales as compared to the pre-
vious year’s 9.4 per cent.
Payroll costs rose to 14. per
cent of sales, compared to 12.1
per cent of sales in the 2004:
comparative period, due to
additional staff hirings for the
new Freeport Home Centre
store and costs associated with
Robin Hood’s sales increases.
For the nine months to May
31 2004, the $322,916 in net
income and $16.48 million in
sales are relatively flat in com-
parison to the 2004 figures.
However, increases in payroll
and other costs had prompted a
rise in expenses to $3.788 mil-

lion compared to the previous

year’s $3.525 million.

ONCE IN A LIFETIME OPPORTUNITY
OWNERS MUST SELL

Prime lot in exclusive gated community * On the water
One of the largest properties in the nautical enclave of

Prestigious Port New Providence

Priced below market for quick sale

$399,000

Phone 242-424-3641 or 242-357-3535
BREA Realtors welcome, please add fee







THE TRIBUNE

MONDAY, JULY 18, 2005, PAGE 3B

BUSINESS



tank’s warning not to rely
on cheap fuel from Venezuela

fi By NEIL HARTNELL
Tribune Business Editor

An economic think-tank has
told Bahamians they cannot
“count” on the lower oil and
gas prices promised by the
PetroCaribe agreement, as it
potentially leaves this nation
reliant on a single supplier with
the oil companies having been
forced from this market.

The Nassau Institute said the
agreement the Bahamas struck
with Venezuela, which aims to
cut out the oil companies and
‘middlemen through an
arrangement that would see
this nation establish a National
‘Enérgy Corporation to direct-
‘ly purchase oil from the
‘Chavez administration, would
‘establish another government

‘monopoly and was not the way
. to go.

: Apart-from potentially leav-
‘ing'the Bahamas reliant on just

‘one source of oil, the Nassau
‘Institute and other PetroCaribe

| chiti¢s: have'‘been ‘questioning

, how’ the’ agreement would be:

‘implemented i in practice.
: It was unclear, for example,
“whether ‘the National Energy
Corporation would sell the oil
‘it purchased from the
Venez ie]
| company, “PDVSA, to Shell,
' Texaco and Esso, or whether it

, might seek,to cut them out of. .
ithe supply. chain and deal.
‘directly with the gas station ©

_ retailers.

However, the retailers are
‘all tied to purchasing oil from a
‘specific.company due to the
. franchising agreements they
: have with the three oil suppli-

ers. If Leslie Miller, minister
of trade and industry, who is
‘the driving: force behind the
: PetroCaribe initiative, decides
: to go down this route, it would
;mean a fundamental restruc~

‘ turing of the Bahamian petro-..

‘ leum industry that could force








lan State-owned oil’

| ie arb J. siaaare
- Lawn How To Improve Your Health. —
- Sée How To Increase Your Waalth

Tuesday July 19” 2005

Nassau Institute
questions efficacy
of deal with Chavez
administration



out the oil companies.

The Nassau Institute said:
“Tf the deal with Chavez suc-
ceeds in forcing the withdraw-
al of the current suppliers due
either to government coercion
or undercutting prices, and the
country is left dependent on a
single supplier, there is no
guarantee that the good times
of the initial lower prices will
last. In fact they won’t last,
count onit.” ~

Advice

It instead urged the Govern-
ment against becoming direct-
ly involved in the oil supply
chain through the National
Energy Corporation, and urged
it to reassess its current poli-
cies, including price controls
and the taxes it levies. These
are $1.06 on the price of a gal-
lon of gas, plus 7 per cent

‘stamp duty on the cost of

imported fuel.

The Nassau Institute said:
“The Government of the
Bahamas has for some time
been much involved in the
market for fuel. Price controls,
limiting the number of suppli-
ers, taxation and other regula-
tions, have been factors in the

a-price at the pumps... .

. “Government, through the
newly created National Energy

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Dr. W. Alan Tomlinson

Council, has expanded its role

and the outcome based on past.

history of government man-
agement in other areas of the
economy is predictable..

“A brutal fact of life is the
record of Government mis-
management that demands a
free market solution to the
problem of high fuel prices,
rather than a government
monopoly solution that dimin-
ishes market forces even fur-
ther.”

The economic think-tank,
like other critics’ and analysts,
warned that in Venezuela’s
eyes, PetroCaribe was more
than just a fuel supply deal, and
constituted an attempt by the
country’s president to extend
his influence throughout the
Caribbean.

“Leslie Miller was lured into
the PetroCaribe agreement
with the promise of lower
prices. He succumbed to the
proverbial ‘free lunch’ princi-
ple. The Chavez agenda for
‘regional energy integration’
ought to be a wake-up call for
the defenders of economic
freedom in the Bahamas. What
else could be ‘integrated’ into
the Chavez agenda for the
Caribbean? “ the Nassau Insti-
tute asked.

“Time will tell who becomes
the lunch and who gets to’ eat






















The Management of Banca del Gottardo commemorated its 30th Anniversary
in The Bahamas by inviting its staff to a casual dinner at Luciano’s of Chicago.
In this friendly environment the Management thanked the staff for their loyal
services, Three members of the staff were honored in particular for their long
standing services. Mrs. Candace Russell (left), Payments Department, Mrs.
Patricia Mackey, Associate Director, Accounting and Payments (right) and
Ms. Vernita Sweeting, messenger (center) celebrate their aS anniversary with
our organisation. Congratulation —

30th Anniversary Staff Dinner at Luciano’s of Chicago

Jromle? to right: Candace Russell, Payments Department, Bruno Pletscher, Director Operations
and Human Resources, Vernita Sweeting, Messenger, Fabrizio Tuleta, Director and Head
of Banca del Gottardo Nassau Branch, Patricia Mackey, Associate Director, Accounting and
Payments Department.







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locks & mirrors, immobiliser and remote keyless
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upholstery and CD changer.

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AUTHORISED TOYOTA DEALER
Parts and service guaranteed

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transmission, air conditioning, power windows,
locks & mirrors, immobiliser and CD player.



Collins Ave (South of 6th Terrace)
Open: Mon to Fri 8am - 5:30 pm
Sat 8am - 12 noon Sx
Tel: 322-6705/6 © Fax: 322-6714 cm,
E-mail:,execmotor@batelnet.bs ,
Salesperson: ‘Pain Palacious,
Barry Pinder, Terrol Cash







PAGE 4B, MONDAY, JULY 18, 2005

=} UT) os)

THE TRIBUNE



Lehman still controls Royal Oasis’ destiny

By NEIL HARTNELL
Tribune Business Editor

A NEW York-based private
equity company holds the key
to whether plans by a flamboy-
ant US attorney and his part-
ners to purchase the Royal
Oasis Crowne Plaza & Golf
Resort as part of a potential
$300 million tourism develop-
ment will come off.

Although wealthy attorney
Willie Gary sounded confident
that he and his partners could
restore the fortunes of the Roy-
al Oasis and Grand Bahama in
interviews given at Nassau
International Airport, it is
Lehman Brothers’ private
equity arm, which holds a
mortgage on the resort, that
controls the property’s ultimate
destiny.

Acquisition

Lehman Brothers, which
financed the 2000 acquisition
of the Royal Oasis, has effec-
tively positioned itself as the
resort’s owner, creditor with
first call on its assets, and oper-
ator by virtue of. the stake it
holds in Driftwood, the hotel’s
manager.

Lehman Brothers and Drift-
wood are seeking to sell the
Royal Oasis for a sum equal to
its massive liabilities, and
sources have told The Tribune
that the pair are seeking too
high a purchase price, given the
resort’s troubled history and
financial. performance. Apart
from the initial purchase price,
the two are understood to have
sunk some $60-$70 million into
the Royal Oasis.

It is unclear whether Mr Gary
and his partners have spoken

‘to either Driftwood or Lehman
Brothers about their proposed
plans, but as the Royal Oasis is
privately owned, they must
clinch a deal with the current
owners in the first instance
rather than the Government.



Please reply to:



° Analytical skills for direction.

® Speak Spanish fluently.



Applicant must:

curricular program.

| should be sent to:




RESIDENT MANAGER NEEDED

for 24 apartment condominium on Cable Beach.
References and business experience essential.
The Tribune Limited
DA 3864

P.O. Box N 3207
Nassau, Bahamas

DE

¢ Three year previous experience in Travel Agencies management
e Fully trained in Tour Tek Computer System
e Experience organizing team work

e Strong Accounting knowledge.

e Wide Knowledge of the Cuban Tourist products

Applicant shall send the resume to
P.O. Box EE-16319 before July 25.
Only the successful applicants will be contacted.

Tate MRL ess

’ Temple Christian Elementary School invites applications
‘from qualified teachers for the 2005-2006 school year:

1 Art Teacher

A. Be a born-again practicing Christian who is willing
to subscribe to the Statement of Faith of Temple
Christian Schools.

Have an Associates and or Bachelor’s Degree
in Education from a recognized College or
University in the area of specialization.

Have a valid Teacher’s Certificate or Diploma.

Be willing to contribute to the school’s extra

Application must be made in writing with a full Curriculum
| Vitae, a recent coloured photograph and three references

The Principal
Temple Christian Schools
Collins Avenue
P.O. Box N-1566
Nassau, Bahamas

Mr Gary said he and his busi-
ness partners had visited the
Royal Oasis with construction
experts several times in recent
months, and he was talking to
wealthy African-Americans
such as Michael Jackson,
Michael Jordan and Shaquille
O’Neal about joining a potential
bid.

Harcourt Developments, the
Irish land developer; has
already pulled out of negotia-
tions. with Lehman Brothers,
although the Government was
quick to mention that other par-
ties were interested in the
resort.

Kirk Antoni, the legal repre-
sentative for Harcourt and a
partner in the Grand Bahama-
based firm, Cafferata and Co,
previously told The Tribune his
client pulled out of negotiations
when Lehman _ Brothers
declined to extend the due dili-
gence period.

“There's no deal. The Irish
group have pulled out. They
were in pre-contract negotia-

tions for the sale but no agree-

ment could be reached with
Lehman Brothers," Mr Antoni
said. -

_ “Harcourt Developments i is
a major investor in Bahamia
and they are involved in a siz-
able development in Suffolk
Court, and will continue to
invest in Grand Bahama. As
of now, they are not pursuing
anything with the Royal
Oasis."

Based on the age of the resort
buildings, it is likely that Har-
court Developments would
have had to do major renova-
tions to the internal infrastruc-
ture of the property.

- But before determining what
the reconstruction costs would
be, they needed to do an in-
depth investigation.

Mr Antoni said Lehman

. Brothers was not prepared to
_extend the period unless Har-

court paid a substantial non-
refundable deposit to them to
keep the property off the mar-




































ket, something the Irish firm
declined to do.

The Royal Oasis has been
closed since Hurricane Frances
badly damaged it last Septem-
ber, causing significant damage
to Grand Bahama's economy
due to the fact that its 1300
employees have been left with-
out work, and that its rooms
represented about one third of
the inventory for the island.

Insurance

Lehman Brothers and Drift-
wood, which operated the resort
under a management agree-
ment, decided to collect the
insurance proceeds from the
hurricane claims and sell the
Royal Oasis for a sum not less
than its massive liabilities, which

then totalled some $22 million.
The insurance claims has since
ended up before the US courts.

This included $13 million in
unpaid casino taxes, $4.1 mil-
lion in contributions to the hotel
union pension fund, $2.7 mil-
lion owed to the Grand Bahama
Port Authority and its compa-
nies and $2.5 million to the
National Insurance Board
(NIB). A further $55,000 was
owed to Grand Bahama-based
suppliers of the hotel.

The owed NIB and union
dues have since been paid off.

Last month, former employ-
ees of the Royal Oasis received
a $5 million payout from the
Government, as part of its
agreement to underwrite the
$6.1 million redundancy pay-
ments owed by the operators of
the resort.

The remaining $1.1 million is
subject to parliamentary
approval before it can be dis-
bursed.

Meanwhile, Prime Minister
Perry Christie used the ground-
breaking for Eleuthera Proper-
ties $300 million Sea Shells at
Cotton Bay resort to express
the Government’s disappoint-
ment that other investment pro-
jects on the island had not pro-
ceeded more rapidly.

Referring to a development
in central Eleuthera, Mr
Christie said: “This was
announced at least a year to 18
months before we announced
this development, and I am dis-
appointed that they have not
taken the steps that we had
anticipated.”

Mr Christie said he expects
those developments to move

ahead because of the effort gov-
ernment is making to propel
investors towards development.

Although the Prime Minister
did not identify the project he
was talking about, US investor
Edward Lauth had signed a $40
million Heads of Agreement to
redevelop the former Club Med
property at Governor’s Har-
bour.

Allyson Maynard-Gibson,
minister of financial services
and investments, had previous-
ly told The Tribune that the
investor was in talks with the
Government about revising the
Heads of Agreement.

Another project announced
for Eleuthera several years ago
was a $70 million proposal to
revive the Windermere Island

' Club by US investor Joseph

Carty Rich.

Oil companies still in the dark on PetroCaribe

FROM page one

was signed at the end of June.

Suspicions are increasing that Leslie
Miller, minister of trade and industry,
signed up to the PetroCaribe accord with-
out Cabinet approval. It is also understood
that the regional and international head
offices for the three main oil companies -
Shell, Texaco and Esso - are nervous about
what the signing of the agreement means
for their operations in the Bahamas and
other Caribbean nations that signed up to
it.

Although Mr Miller has previously said
the PetroCaribe. agreement with
Venezuela is nothing more than an oil and

petroleum supply agreement, that coun-.

try’s populist president, Hugo Chavez,
views it as a critical piece in a wide jigsaw
puzzle designed to provide a buffer
between his government and the Bush
administration.

In particular, the first clause of the nine-
page draft document binds PetroCaribe,
which is intended to contribute to "energy
security, Caribbean social and economic
development and regional integration”, to
what is termed as the "Bolivarian Alter-
native for the Americas" (ALBA).

This is Mr Chavez's counter to the US-

sponsored Free Trade Area of the Amer- .

icas (FTAA), and the sight of the Bahamas
and Caribbean countries signing up to an
initiative promoted by a leader who is ‘per-
sona non grata’ in Washington is unlikely
to go down well with the Bush adminis-
tration.

Supporters of the PetroCaribe agree-
ment privately agree that the language
used in the draft is unfortunate, but point
out-the benefits it will bring the Bahamas

NOTICE

RBC/ROYAL BANK OF CANADA INVITES

TENDERS

RBC/Royal Bank of Canada invites tenders for the purchase

of the following:

in terms of lower gas and electricity costs,
which will reduce the cost of living.

They are arguing that the oil companies
have long exploited the Bahamian mar-
ket for excessive profits, and say there
should be no fears about Venezuelan oil
drying up, as supplies continued despite
a 2003 strike aimed at toppling President
Chavez. Venezuela is also the third largest
supplier of oil to the US, and is the source
from which the Bahamas already gets its
oil anyway.

And PetroCaribe’s backers add that the
agreement Mr Miller signed does not yet
bind the Bahamas to procuring oil in this
manner; as this needs a Heads of Agree-
ment to be negotiated directly between
Nassau and the Chavez administration.

A draft copy of the PetroCaribe accord
obtained by The Tribune shows how much
Venezuela will subsidise Bahamian pur-
chases of oil from PDV Caribe, an affiliate
of its PDVSA state-owned oil company.

If the price is above $15 per barrel, the
level of subsidisation will be 5 per cent.
For $20 per barrel it will be 10 per cent; $22
per barrel at 15 per cent; $24 per barrel at
20 per cent; $30 per barrel at 25 per cent;
$40 per barrel at 30 per cent; and for $50
and $100, 40 per cent and 50 per cent
respectively.

The-grace period for financing will be
extended from one year, as laid out in the
Caracas Energy Accord, to two years, with
the grace period for short-term financing
extended from 30 days to 90 days.

_ The PetroCaribe deal also allows for
credits and the exchange of technologies to
allow the Bahamas and other Caribbean
countries to develop fuel eueleney pro-
grammes and systems.

Venezuela has also pledged to help the

Bahamas establish its National Energy
Corporation (NEC), and provide further
savings through shipping oil at ‘cost price’.

In.return, Venezuela can purchase items
such as sugar, bananas or other goods and || .
services “that are believed to be affected
by the trade policies of rich countries" at
preferential rates from the Bahamas and
other Caribbean nations.

Mr Miller has touted cost savings for
the Bahamas Electricity Corporation
(BEC) as one of the major benefits to flow
from PetroCaribe.

“BEC could easily save between. $10 |,
and $15 million a year with this agree-'].
ment. We have a deal now where: BEC
can purchase 60 per cent of their fuel.and
get the other 40 per cent on credit. And on
that 40 per cent they have 90 days to pay
for it, with only a one per cent interest
rate. And, Venezuela has agreed to also
assist in the shipping of the fuel," he said.

The oil companies have said many issues
have to be accounted for in the oil supply
chain, apart from cutting out the middle-
men - their offshore subsidiaries and bro-
kers - as Mr Miller and PetroCaribe have
promised to do.

Among the issues to be accounted for
are shipping, security, storage facilities, |
bunkering, inventory. levels and taxation.

The oil companies, due to their inter-
national networks and expertise, are able
to switch oil suppliers "seamlessly" - to
refineries in the US, Europe and the Far
East - if produce from one source was dis-
rupted, thus guaranteeing security and a
reliable supply.

It is unknown at this point, though, if
the same qualities had been allowed for
when Mr Miller sence on to the Petro-
Caribe accord.

NOTICE

RBC/ROYAL BANK OF CANADA INVITES

TENDERS

RBC/Royal Bank of Canada invites tenders for the purchase
of the following:

“ALL THAT piece pared or Lot “5”, Block #31, Shirley Hights
situated in the Southern District of the Island of New Providence
one of the Islands of the Commonwealth of the Bahamas.
Situated thereon is a Single family Residence consisting of (2)
bedrooms, (1) bathroom.

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

Property Size: 5,000 sq. ft.
‘Building Size: 850 sq. ft.

Ajl offers should be forwarded in Writing in a sealed envelope,
addressed to the Manager, Royal Bank Loan Collection Centre,
P.O. Box N-7549, Nassau, Bahamas and marked “tender 7927”. ,
All offers must be received by the close of business 4: am pm, »
Friday 22nd July, 2005.

NOTICE

RBC/ROYAL BANK OF CANADA INVITES
TENDERS

RBC/Royal Bank of Canada invites tenders for the purchase
of the following:

“ALL THAT picce parcel or Lot #15, Malcolm Allotment,
situated on one of the islands of the Commonwealth of the
Bahamas in the Southern District situated thereon is a Single

Familly Residence consisting of (3) bedrooms and (2) two
bathrooms.

This property is being sold under Power of Sale contained in
a Mortgage to F INANCE CORPORATION OF BAHAMAS
LIMITED.

Property Size: 5,000 sq. ft.
Building Size: 950 sq. ft.

All offers should be forwarded in writing in a sealed envelope,
addressed to the Manager, Royal Bank Loan Collection Centre,
P.O. Box N-7549, Nassau, Bahamas and marked “tender 6306”.
All offers must be received by the close of business 4:00 pm,
Friday 22nd July, 2005.





“ALL THAT piece parcel or Lot #12, Elmas Close, Sandilands
Village situated in the Eastern District on one of the islands
of the Commonwealth of the Bahamas. Situated thereon is a
Duplex Apartment consisting of 1(2) bedrooms, (2) bathroom
and 1 - (2) bedrooms, (1) bathroom.

This property is being sold under Power of Sale contained in
a Mortgage to FINANC CE CORPORATION OF ae
‘LIMITED.

Property Size: 5,873 sq. ft.
Building Size: 1,870 sq. ft.

All offers should be forwarded in writing in a sealed envelope,
addressed to the Manager, Royal Bank Loan Collection Centre,
PO. Box N-7549, Nassau, Bahamas and marked “tender 0887".
All offers must be received by the close of business 4:00 pm,
Friday 22nd July, 2005.

NOTICE

RBC/ROYAL BANK OF CANADA INVITES
TENDERS

RBC/Royal Bank of Canada invites tenders for the purchase
of the following:

“ALL THAT picce parcel or Lot of Land being No. 23,
Carmichael Road, situated in the Southern District of the
Island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated thereon is a
Commercial Building.

Property Size: 14,465 sq. ft.
Building Size: 1,200 sq. ft.

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writing in asealed envelope,
addressed to the Manager, Royal Bank Loan Collection Centre,
P.O. Box N-7549, Nassau, Bahamas and marked “tender 07586”.
All offers must be received by the close of business 4:00 pm,
Friday 22nd July, 2005.





THE TRIBUNE

MONDAY, JULY 18, 2005, PAGE 5B





Demand for
withdrawal of
critical report

FROM page one

financial support of the Hilton
and South Ocean, plus other
Caribbean resorts acquired by
entrepreneur Ron Kelly.

“After more than two years
of an examination with which
CCWIPP fully cooperated, it is
shockingly irresponsible of
FSCO to issue a report riddled
with regulatory compliance alle-
gations that have been dis-
proved with documentation
FSCO admits was provided but
that it has yet to review,” Ron
Christophe, a CCWIPP trustee
said in a statement.

The pension fund, which has
been slammed from all sides
by regulators, plan members,
trade unionists and Canadian
media after The Tribune first
revealed its huge exposure and
failing investments in the two
Bahamian resorts in 2003, said
it had assembled and provid-
ed to the regulator “thousands
of pages” of documents fol-
lowing a December 2004 draft
report. ©

To justify its call for the
FSCO to withdraw its report,
CCWIPP and its Board of
Trustees said the regulator had
admitted in its March 2005
report that it was allegedly still
reviewing that information.

“It is completely unaccept-
able that a public agency
responsible for ensuring pen-

sion fund integrity should issue |

what it admits is an incomplete
report — one that could poten-
tially damage CCWIPP's repu-
tation in Canadian and interna-

+ tional investment communities,

negatively affect CCWIPP's
investment partners; such as
banks.and other pension funds,"
said Mr Christophe.

“We have asked that this
report by withdrawn until.there
is thorough consideration of all
the documentation provided by
CCWIPP that answers the com-
pliance concerns raided by
FSCO." -

The FSCO report, the con-
tents of which were revealed by
The Tribune in May this year,
demanded that the Board of
Trustees conduct "a complete
independent due diligence
review" of their investments in
the British Colonial Hilton and
- South Ocean to determine,

among other issues, whether all
funds advanced to the resorts
since December 2000 are
“recoverable”.

Advances

The report said that over an

18-month period between June .

14, 2001, and December 22,
2003, CCWIPP advanced a total

of almost $20 million to the.

British Colonial Hilton and
South Ocean resorts.

Over that period, some
$11.638 million was sent to
South Ocean's holding compa-
ny, the South Ocean Develop-
ment Corporation, through
Propco 34, the investment vehi-
cle which acts as the 'in' com-
pany for CCWIPP to funnel
funds to that property.

Similarly, some $8.304 mil-
lion was channelled to the
British Colonial Hilton through

. Propco 39, which acts as the 'in'

company for that resort..Lend-
ing to the resorts has contin-
ued through 2004, the report
added.

There are few details in the
Commission's report as to what
all the CCWIPP advances were
used for, although some were
used for "working capital" at
South Ocean, and others to ser-
vice both interest and principal
payments to Scotiabank.

The Commission's examina-
tion of CCWIPP blasted the
pension fund for poor record
keeping and the absence of
financial statements in relation
to companies through which
investments in the British Colo-
nial Hilton and South Ocean
were made.

The regulator was especially
concerned at the absence of
financial statements for two
companies, PRK Holdings, a
Bahamian entity, and RHK
Capital, firms through which the
Propco entities send money, to
the Bahamian resorts. This, it
added, made the pension fund
non-compliant with Canadian
regulations.

The Commission said that
since assuming RHK's obliga-
tions in 2000, CCWIPP had
advanced $32.285 million to the
resort properties in the
Bahamas and Jamaica, "but
there is no documentation to

indicate to whom these
advances were made".

In relation to the two Prop-
cos lending funds to -the
British Colonial Hilton and
South Ocean and other
Caribbean.investments, "there
were no signed debt agree-

ments covering these advances

indicating the lender, borrow-
er, interest rate and repayment
schedule.

Analysis

“There was no documenta-
tion to indicate whether an
analysis of the pension fund's
security in respect of these
advances had been performed,
or alternately, remains in place
and continues to secure obliga-

‘tions under the guarantees."

In a reference to the current-
ly-closed South Ocean resort,
the regulator said: "There is
nothing on file to indicate that
the Board [of CCWIPP
trustees] has given considera-
tion to the exposure of the pen-
sion fund in respect of these
investments nor taken steps to
secure the assets for the pen-
sion fund."

The regulatory review called
for “full appraisals" of the
Bahamian properties to be per-
formed by “arm's: length
appraisers" to determine what
could be raised through their
"forced sales", either as going
concerns or closed. properties.

In addition to demanding full
financial statements for PRK
Holdings and RHK Capital, the
regulator also called for "full
disclosure" on how all advances
from CCWIPP had been used,
confirmation ‘that the pension
fund was in a legal position to
sell the properties, and legal
opinions to confirm" there was
proper documentation in place

to "recover all funds" that had '

been advanced.

The report said CCWIPP had
advised the regulator that its
"Caribbean counsej" had given
a legal opinion that "they were
not aware of any impediment"
to the pension fund from start-
ing collection procedures or
enforcing its mortgage rights in
relation to the two Bahamian
and other Caribbean proper-
ties.

The Management of Banca del Gottardo and Gottardo Trust Company Ltd. welcomed the.
return of 3 of their staff members who recently traveled to the Head Office in Lugano,
Switzerland as part of an ongoing exchange and training program. Ms. Kendra Allen,
Administrator in the Documentation Department, had a first hand experience during 4 weeks
with respective specialists at Head Office and was able to practice her knowedge of Italian.
Ms. Lillian Russell, Associate Director and Trust Officer also spent 3 weeks with her counterparts
in Lugano, where she established important links with the financial planning department and
experienced an exposure to the Italian language, which she is presently studying, Mrs. Andrea
Singleton-Saunders, Associate Director, Compliance Officer and Legal Advisor of the Bank,
who joined the Bank in February, got an intensive 5 week introduction andj jump start in the
Italian language at the famous language school “Leonardo Davinci” in Florence, Italy. She
then visited Head Office for 2 weeks, where she interacted with the key persons of the legal
and compliance area and also had the opportunity to meet members of the executive management.
Thanks to these trips, a vast array of knowedge in their respective fidds of work was achieved
and additionally the 3 persons had an opportunity to experience the bank’s and it’s country’s
culture. The Gottardo Group intends to continue with this program to widen its s stalts

knowedge and experience.
y

from If to right: Paolo Filippini, CEO Gottardo Trust Company Ltd., Lillian Russell, Associate Director and
Trust Officer, Kendra Allen, Administrator Documentation Department, Andrea Singleton- Saunders, Associate
Director, Compliance Officer and Legal Advisor, Fabrizio Tuletta, Director and Head of Banca dd Gottardo Nassau

Branch.

College & Graduate
School of Educatior

The College of The Bahamas
Graduate Programmes Office

in collaboration with

Kent State University
Graduate School of Education

will offer the

_ MASTER OF EDUCATION DEGREE
PROGRAMME IN SPECIAL EDUCATION

Applications for the programme are available at
COB’s Graduate Programmes Office,
School of Hospitality & Tourism Studies,
Thompson Blvd.

Application deadline extended to
July 29, 2005

Please direct enquiries to:
Mrs. Sonya Wisdom
Graduate Programmes Officer
Fax: 325-8175 Phone: 323-6804 or 325-0271 Ext. 6604
E-mail: swisdom@cob.edu.bs

or

Ms. Juliet Collie
Secretary, Graduate Programmes Office
Fax: 325-8175 Phone: 323-6804, 323-6804 or 325-0271
Ext. 6607
E-mail: jcollie@cob.edu.bs





_ PAGE 6B, MONDAY, JULY 18,'2005

BUSINESS

‘THE TRIBUNE -





LEGAL NOTICE

NOTICE...
VALLEYDALE PLACE LTD.

(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 13th day of
July, 2005. The Liquidators is Argosa Corp. Inc., of P.O.
Box N-7757 Nassau, Bahamas.

_ ARGOSA CORP. INC. .
(Liquidator)



LEGAL NOTICE

NOTICE

CARLENI ENTERPRISES LTD.

‘Notice is hereby given. that in accordance with Section
137(8) of the International Business Companies Act, 2000,
the dissolution of CARLENI ENTERPRISES LTD. has
been completed; a Certificate of Dissolution has been issued
and the company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)



Munn of
Transport and Aviation

‘PORE DEPARTMENT |

The Government of the Commonwealth of
The Bahamas is seeking tenders for the
Cleaning of Potter’ s Cay Dock for the Year
2005/2008 commencing my Ist, 2005.

‘Wire 1: oe
From the eastern end of Potter’s . Cay Dock
going west.to eastern side of the east Paradise
Island rae : ss

‘Area Ik:: .:

From the rear of ‘the Fish Market
Administration Office to the entrance of the
fenced in passageway which leads to and
beyond the Fast Ferry Terminal to the western
end of Potter’s Cay Dock.

Description of Work

The above mentioned areas of Potter's Cay
Dock are to be cleaned on a daily basis as
follows:- -

1. The removal anit fisposal of all loose
pallets.

2. The removal of all trash associated é
materials.

3. To provide portable solid waste
container (55 gallon drums) and
place where needed.

4. The weeding and maintaining of the _

“Old Fort in front of thé Doéckmaster’s
Office and the entire areas as
previously mentioned.

5. To liaise with the Dockmaster on a
daily basis with regards to concerns
or complaints relevant.to the
cleanliness of the Dock.

Sealed Tenders should be marked “SCALED
TENDER?” should reach the office of the
“Tenders Board, Ministry of Finance, Cecil
= Wallace Whitefield Centre, P.O. Box N-3017,
Nassau N.P. The Bahamas’ no later than
»4:30pm, Monday, 25th July, 2005.

: The Government reserves the right to reject
_ any or all tenders. .



Third of school leavers
are unable to find jobs

FROM page one

it may speak to the fact that not
enough new businesses are
being created.

“It may speak to the finan-
cial and economic difficulties of
people becoming entrepre-
neurs.”
fact that so many young
Bahamians find it difficult to
obtain work upon leaving edu-
cation, and that such a high per-
centage of unemployment is
concentrated among those aged
under-25, means that this nation
could suffer potentially severe
social consequences and unrest.

The Labour Force survey also
showed that household income
inequality had become slightly

more pronounced since 1999.

Using an analysis called the

perfect equality” for the mid-

dle class, showing. income dis-
tribution had become more
uneven over the last five years.

For 2004, the poorest 20 per
cent of Bahamian households
_ accounted for just 4.1 per cent

“of total household income,

while the wealthiest 20 percent

-- accounted for 43 per cént.
Improvement

While still a marked .improve-
ment over readings for 1973 and
1986, when the wealthiest 20 per.
cent. of Bahamian families

"accounted for 75-80 per cent of

_ total household income, the sur-

: vey showed that the poorest 20

Lorenz Curve, the survey found |

that the line measuring the lev-
el of income inequality in the
Bahamas had moved slightly. -.

‘further away “from the line of

per. cent had effectively

remained stuck at around 4.1 per
cent of the total for since the

_ Bahamas became independent.

_ Again, this indicates that the

- policies of both FNM and PLP .

governments to eradicate
income inequality and poverty

for the poorest Bahamian fam-
ilies have failed.

The Labour Force.survey also
found that while the Bahamian

workforce had grown by 1.4 per .

cent between 2003 and 2004,
increasing from 173,795 to
176,330, the labour force par-
ticipation rate was just 75.5 per
cent.
The survey defined the labour
force participation rate as “the

percentage of the population 15 -

years of age that is in the labour
force — people who work or are
looking for work”. This implies
that almost 25. per cent of those
aged 15 are unemployed or are
not actively seeking employ-
ment, with the vast majority of
these likely to be retirees and
stay-at-home mothers.

The labour force participa-
tion rate for women was 69.4
per cent in 2004, while that for
men was 82.6 per cent.

The Labour Force survey

found that there was a:2.1 per .

cent increase in persons being

hired throughout the Bahamas
in 2004, which helped bring the
overall -unemployment.rate
down from 10.8 per cent to 10.2
per cent.

However, Grand Bahama

' saw its unemployment rate

grow, likely as a result of Hur-
ricanes Frances and Jeanne.

Looking at the whole
Bahamas, the Labour Force
survey found that the hotel and
restaurant sector experienced a
17 per cent decline in employ-
ment during 2004, which is like-
ly to have been a product of the
closure of several major resorts,
such asthe. former. Sheraton
Grand on Paradise Island, the
South Ocean Golf and Beach
Resort and the Royal Oasis
Crowne Plaza and Golf Resort
in Grand Bahama.

However, industries such as
electricity | and water, with a 15.3
per. cent increase; and whole-
sale and retail, with an 11.4 per
cent-rise, saw “significant
growth” in employment.



Cable subsidiary gets go- -ahead
_ to run services in the south |

: FROM page one

obtaining regulatory approval

cs ~from-the Public Utilities: Com-=~
mission (PUC), the telecom-

munications regulator, and

with the system,” Mr Butler
said. “Our team in the early

Part of this year yisited all the ._.which. connects. New.-Provi- -.--

island landing sites with all the

.. Government agencies.”

receiving permission from

BEST was step two. |

Once the EIA was aupeaved:

Mr Butler said the final step to

be achieved before Caribbean -
Crossings could proceed was to -

gain the submerged landing
leases for the points where the
JBCS system would connect
with the*various Bahamian
islands.

“We've still got the applica-

tion in for the BEST approval

for all the landings associated -
Private Resort Located
In The Bahamas

Among the landing points for
the JBCS, which will be a fibre
optic telecommunications sys-.
tem linking the Bahamas and
Jamaica, are Bannerman Town
in Eleuthera; Fresh Creek in

‘Andros; Landfall Point ‘in

Crooked Island; Clarence Town
in Long Island; Georgetown in
‘Exuma; and Matthew Town in
Inagua.

Mr Butler said the system
would “replicate the technolo-
gies and methodologies” Cable
Bahamas had used in con-

























- NIGHT DUTY SUPERVISOR





Seeks ‘the following professionals to join our team. Must be self motivated and
‘willing to be flexible and work. various-assigned.work.shifts.and have good
communication skills. In our employees, we look for'a passion to anticipate and
meet our guests needs and an insatiable desire to attain the highest levels of quality

privatedestinations@ yahoo.com or mail to: Private Destinations, P.O. Box
C€R54697 ws

CLOSING DATE FOR ALL Ne July 24th 2005

GARDNER |
Must possess a very good Knowledge of the science 6 of growing and maintaining
flowers, plants, shrubs, trees and lawns, Minimum three-years experience and /or
training in related field. Good understanding of landscape planning. Ability to read
and interpret English. Ability to apply common sense understanding to carry out
written or oral instructions. Responsibilities including watering, planting and
maintaining plants, flowers, shrubs, trees and lawns. A knowledge of the use of
chemicals and pesticides would be an advantage.

HOUSEKEEPING SUPERVISOR

Responsible for the maids and houseman assigned to Housekeeping and Laundry

duties. Works closely with the Resort manager to coordinate all Housekeeping and

Laundry cleaning tasks and.assignments. This includes but is not limited to:

Purchasing of cleaning and Laundry materials, monitoring all inventories, cleanliness

of all interior and public spaces, setting up appropriate task lists, i inspecting ‘guest
‘ rooms and provide on the Job training where and whenever needed. This is a very
hand’s on position. Minimum.of 1-year hotel el expentctie in a Similar position and
excellent communication skills.

GENERAL MAINTENANCE
Reporting to the Property Manager we seek a general maintenance individual who
will check and makes repairs to heating, ventilation and air condition systems as
needed. Checks and makes repairs to. heating, ventilation and air conditioning
systems as needed. Checks.and makes repairs to plumbing systems and fixtures
such as pipe lines, toiléts and’sinks, kitchen’ and: Jaundry-‘equipment. Checks and
_ makes repairs to electrical systems such as lighting systems, television sets and

kitchen equipment. Performs Fepairs to building, furniture, bathrooms, guest rooms _
“ etc.,.as needed; may. perform painting tasks. Ensures that all equipment is functioning

properly and that preventive maintenance measures are performed to preserve the
resort and keep product quality to standard. -

MESSAGE THERAPIST ,
Young professional required. Must have proven experience and certification. Must
be willing to work a very flexible schedule...

_ SPECIAL EVENT. COORDINATOR/ADMINISTRATOR... has

_-~Assist in coordinating special events on site. Thi¥ Will involve event planning and
program design, communication with guests and preparation of all communication
associated with events. You will also be expected to be on-site on the day of each
event and coordinate throughout the duration of the event to ensure that the program
runs smoothly. from beginning to.end. Superior written communication and
interpersonal skills required. Promptly prepare responses to incoming requests.
Must be proficient in MS Office. Capable of coordinating several projects and
responsibilities with ease. Must have good typing skills: able to type at least 45
w.p.m. accurately. Able to work well independently and as part of a team. Must
be well organized and detail-oriented. Experience in general office duties such as
filling, correspondence, mail, faxing, etc.

Duties include but not limited to: Monitor.and execute evening entertainment,
security of the property and closing procedures. Should possess basic knowledge
of audio and home theatre systems and proven experience within the hospitality
industry. This i isa hand’s on multi task position.

GENERAL WORKERS
Required to undertake a multitude of tasks to maintain and upkeep all exterior
areas of the resort.

OFFICE ADMINISTRATOR/RECEPTION

Superior written and oral communication and eat skills required. Excellent

telephone etiquette required. Promptly prepare responses to incoming requests.
Must be proficient in MS Office. Capable of coordinating several projects and
responsibilities with ease. Must have good typing skills: able to type at least 45
w.p.m. accurately. Able to work well independently and as part of a team. Must
be well organized and detail-oriented: Experience in general office duties such as
filing, correspondence, mail, faxing, etc.

_and guest service. All applicants in the: first-instant-are asked-to forward their” “J
~-"“gpplication letter with resume, photo and two previous employment references to:



































structing the existing Bahamas
Internet Cable System (BICS),

dence, Abaco, Grand Bahama
and Eleuthera in a ring-shaped
network with the US.

Mr Butler added that. the
JBCS system would “open ‘up
the remoter islands to the most
modern telecommunications
technology”.

Once Caribbean: Crossings

receives the go-ahead, it will be -

able to supply the southern

Bahamas with the services -

many in the northern and cen-

tral Bahamas have come to take

for granted.

Doing so is made economi- ©

cally viable by the link to
Jamaica, as the JBCS system’s
profits will come from carrying
telecommunications and data
traffic from that nation.

Mr Butler said Jamaica had
been pushing hard for the JBCS
system, having realised the

qualifications:
(or a related field)

would be an asset.

Responsibilities include:

of the branch/unit.
routines.
and qualifications.

The Manager
Human Resources
Bahamas & Caribbean
Royal Bank of Canada



P.O. Box N-7549

www.rbcroyalbank.com/caribbean

® Registered trade-mark of Royal Bank of Canada



. made ‘unlikely.



Personal Financial
Services Officer Trainee

The successful candidates should possess the tollowing

¢ Bachelor’s Degree in Banking, AICB or ABIFS Diploma |

e At least 3 or more years banking experience. Previous
experience in portfolio and apy administration

| ¢ Strong Negotiating/Selling skills
§ . © Strong problem solving, leadership and coaching skills

¢ Demonstrated written and verbal communication skills .
© Microsoft Office skills (Word, Excel; Power Point)

© Leading the establishment and achievement of team
sales objectives, and related:-activities to achieve a .
' high standard of customer care, optimal business
retention, profitable growth and productivity.

e Developing relationships with service partners to
ensure customer satisfaction and efficient operations

e Providing ongoing coaching and development of staff,

ensuring a high level-of employee capability and
- engagement through focused sales-management .

A competitive compensation package (base salary &
bonus) will be commensurate with relevant experience

Please apply before July 22, 2005 to:

Bahamas Regional Office
Nassau, N.P, Bahamas

Via fax: (242)328-7145
Via email: bahcayjp@rbc.com



â„¢ The Lion & Globe symbol and RBC are trademarks of fioyal Bank of Canada

néed for‘ communications sys-"
tems that could withstand
major hurricanes following its
close brush with Hurricane Ivan

- last year. Jamaican regulators

approved the. project in early

January. :

He added: “For the
Caribbean. island: nations,

‘robust, off-island. communica-
. tions are vital.”

Puy

Mr Butler said the Bahamas
was “pretty well-served” on the
four main:islands by the BICS
system, the Bahamas Telecom-
munications Company’s (BTC) ©
Bahamas .2 cable, and the -

* ARCOS network.

- The relatively long-time tak-

“en to approve Caribbean Cross-.

ings’ licence application by the .

- PUG, coupled with the wait for
BEST. approval, means that the

company’s goal to lay and bring
the JBCS system into service
by December this year has been



































































































RBC |
< Royal Bank |
RIS of Canada



wg P.O. Box 261, Bridgetown,
Barbados, W.I.

2l/ ERNST & YOUNG

Street Address
Worthing, Christ Church,
Barbados, W.!.

AUDITORS' REPORT

To the shareholders of United Insurance Company Limited

Tel: (246) 430-3900

Fax: (246) 426-9551
(246) 429-6446
(246) 435-2079
(246) 430-3879

We have audited the accompanying consolidated balance sheet of United Insurance Company Limited
as at September 30, 2004 and the related consolidated statements of income, changes in equity and cash
flows for the year then ended. These financial statements are the responsibility of the company's
management. Our responsibility is to express an opinion on these financial statements based on our

audit.

We conducted our audit in accordance with Intemational Standards on Auditing. Those standards
require that we plan and perform the audit to obtain reasonable assurance that the financial statements _

are free of material misstatement.

An audit includes examining, on a test basis, evidence supporting

the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audit provides a reasonable basis for our

opinion.

In our opinion, the consolidated financial statements present fairly, in all material respects, the
financial position of the company as at.September 30, 2004 and the results of its operations and its cash
flows for the year then ended in accordance with Intemational Financial Reporting Standards.

XX
Fw MY ae
CHARTERED ACCOUNTANTS

. Barbados :
November 29, 2004

UNITED Ee oe LIMITED



Consalidated Staternent of Income
Year‘Ended September 30, 2004









eo: Notes 2004 2003
ae eee $ $
Gross written premiums 108,589,742 99,864,890
Insurance revenue accounts |
Fire’ °" (6,690,669) 3,329,672
Motor . 9,614,985 5,071,314
Other accident 4,655,001 (817,522)
Inward reinsuratice (1,853,711) -
Marine | 464,266 (744,599)
Profit commission 265,837 (239,628)
Net underwriting income 16 6,455,709 6,599,237
Other income (expenses)
ievesement | income 5. 9,345,170 5,747,613
Property income (net). robes cae 3 , 272,466 — 64,756
Amortisation of goodwill | cdl ; 8 (850,792) (850,792) °°
Interest expense omega 3) - (159,643) (50,122).
Sundry expense. ; : (788,042) (208,297)
Income from aperating activities 14,274,868 11,302,395
Share of loss from associated companies 6 (83,383) -
Income before taxation 14,191,485 11,302,395
Taxation 9 (19,133) (917,454)
Net income before minority shareholder’s interest 14,172,352 10,384,941
Minority shareholder’s interest 19,241 -
Net income for the year 14,191,593 10,384,941
The accompanying notes form part of the financial statements.
UNITED INSURANCE COMPANY LIMITED
Consolidated Balance Sheet
At September 30, 2004 : a
Notes 2004 2003
$ $
Assets
Cash and cash equivalents 15,340,417: 18,032,359
Short-term deposits 3 13,518,080 14,142,610
Investments 5 86,945,279 51,091,009
Investment in associated companies 6 316,617 400,000
Goodwill 8 2,360,348 3,355,832
Accounts receivable 4 30,066,117 27,070,104
Property and equipment 7 10,415,470 8,266,653
Deferred tax asset. 9 449,294 21,803
159,411,622 122,380,370
‘Liabilities ‘
General insurance liabilities 12 71,733,102 60,836,643
Accounts payable 13 13,405,204 14,692,997
Pension liability 15 745,568 442,334
85,883,874 75,971,974
‘Minority shareholders? interests 15,127,759 -
‘Shareholders’ equity
[Share capital» | 10 8,900,000 8,900,000
iReinvested earnings 44,179,420 34,828,682
‘Property catastrophe reserve 4,276,488 1,635,633
Revaluation surplus . 7 1,044,081 1,044,081
58,399,989 46,408,396
; 159,411,622 122,380,370
‘The accompanying notes form part of these financial statements |
‘Approved by the Board of Directors on November 29, 2004, and signed on its behalf by:
Wedebindtticenicrsstvueyss BT rvcsesveseesssesseecseeeseeesLIPOCtOr







she Significant accounting polities (cont'd)



UNITED INSURANCE COMPANY LIMITED ne : od :

Consolidated Statement of Changes in Equity
Year Ended September 30, 2004





Share Reinvested Revaluation’ catastrophe .
capital earnings | surplus reserve. Tetal
$ $ 5 - $ $
Balance at September 30, 2002 8,900,000 24,890,61 1 _ 1,044,081 1,188,763 36,043,455.
Net income for the year - 10,384,941 . oe 10,384,941.
. : j ov :
Transfer to property catastrophe ; ae ge 2 ?
reserve - (446,870). . “ (446,870) eas
Balance at September 30, 2003 8,900,000 34,828,682 1,044,081 1,635,633 46,408,396
Net income for the year : 14,191,593 oS =. . - 14,191,593
Dividends declared ($0.52 per share) - ~—=«(2,200,000) ss = (2,200,000) .
Transfer to property catastrophe = ya th ns
reserve - (2,640,855) .' + 2,640,855 . - -
Balance at September 30, 2004 8,900,000 44,179,420, 1,044,081 4,276,488 58,399,989



The accompanying notes form part of these financial statements,
UNITED INSURANCE COMPANY LIMITED

’ Consolidated Statement of Cash Flows



Year Ended September 30, ae

















Cash ‘and cash equivalents - - end ef year
Cash and on equivalents ciileise cash at bank and short-term deposits. te

The accompanying notes form part of the financial statements,
UNITEv uvsUKANCE COMPANY LIMITED

Notes to the Financial Statements
Year Ended September 30, 2004



1. Incorporation, ownership and registered office ; ae ae re |

The Company was incorporated in Barbados and is a icheddines of The Barbados Shipping &

Trading Co Ltd., which owns 95% of the issued share capital.. The company was continued under .

_the Barbados Companies Act 1982.-54. The company’ S$ registered office is located at The

AutoDome, Warrens, St. Michael. ; a s

2. Significant accounting policies : , ;

a) Basis of preparation
These financial statements are prepared under. the bistericed cost convention ereept for
the measurement at fair value of its land and buildings and available-for-sale financial
assets. The financial statements have been prepared in accordance with International
Financial Reporting Standards (IFRS), which comprise standards and interpretations.
approved by the International Accounting Standards Board, and Internationa! Accounting ie
Standards and Standing Interpretations Committee interpretations roel by the
Intemational Accounting Standards Committée that remain in effect.

b) Basis of consolidation
The consolidated financial statements included the accounts of the company and the
following subsidiaries:

106% owned

UI Management hes nh :
United Reinsurance Inc. : 100% owned
United Services Inc. 100% owned |

Eastbourne United Insurance SCC 51% ounce

c) Use of catlavates wee

The preparation of the fi facia statements, in conformity with IFRS, requires . that .
management make estimates and assumptions that affect the amounts Teported in the.”
financial statements and ene nates: Actual results could differ from ee

estimates. : ‘

qd) Cash and cash equivalents :
Cash and cash equivalents comprise cash at bank and short-term deposits with” an é
original maturity of three months or less.

UNITED INSURANCE COMPANY LIMITED * -

°

Notes to the Financial Statements

e) Property and equipment ‘= ‘
Property and equipment is stated at cost less accumulated depreciation and any
impairment in value. Property is .revalued on the basis of an lence review m

professional valuers every five years.

Depreciation is calculated on a straight-line basis over the estimated useful life of the |
asset as follows:

we years.
10% to 25% per annum

Buildings . -
Equipment -
A full year’s depreciation is charged in the year of purchase. *
a 2

f) Currency

~~ 18,032,359



$
Cash flows from operating activities ae ;
Income before taxation 14, 191 485. 11, 38g{389
Adjustment for: ‘ i.
Depreciation 339, 751 346,655
Amortisation of goodwill 850,792 850,792
Foreign exchange gain : He te (137,362 (228,218
Investment income . (Piaaae {5,302,041
Gain on disposal of i investments he, 7 1,184,400 (110,734
Gain on disposal of fixed assets . (202 9,
Unrealised gain on available-for-sale investments (2,034,855 (334,838
Share of loss from associated companies’ Cas 83,383 -,
Pension benefit £ 303,234 308,226
Operating profit before working capital changes 6,285,911 6,782,429
Increase in accounts receivable : fa (4193 975 (906,478)
(Decrease) increase in accounts bis nas : (1,28 87, 793) 3,997,797
_ Increase in general insurance liabilities . 1, 896,459 . 4,634,408 .
Net cash from operations ‘14,780,602 + 14,808,156
Income taxes paid (574,212) _ (1,102,505).
Net cash from operating activities - 14,206,390 - ae
Cash flows from investing activities weet sh
Purchase of fixed assets . (2,565,460) ofl 763,868) o3
Proceed from sale of fixed assets . ee a 77,094 7,785 |
Net change in investments ; Oe ees) 6 815,327) ag
Net change in short-term deposits ae: 8 4,50 : 1,395,802 . .
Net change in investment in associated companies _ : teen oer 686,930 . ©
Goodwill 144, 692 (y 007, a8)
Investment income received _ 4371, ‘465 *4,284,64 a
Net cash used in investing activities *. (29,845,332) GM 1,961) a
Cash flows from financing activities ed ns tae
Dividends paid * (2,200,000) . (2,200,000) °°
Investment by ‘minority shareholders 15,147,000 Gs bass
Net cash from (used in) financing activities. 12,947,000 (2,200,000) ”
Net (decrease) increase in hex and cash equivalents : (2,691,942) . _'. 8,099,690
Cash and cash maleate beginning of year 18,032,359 | 9,938,669 © ‘
° “15,340,417

eee



wis SN



y

Year Ended September 30, 2004 Tio k oe ao oe. aos :

cs

These financial statements are expressed in Barbados dollars. Transactions in foreign ~

currencies are converted at the exchange rates ruling at the date of the transaction. ©

Ralances at the balance sheet date are converted at rates not materially different from %
those prevailing at that daie. Any gains or losses on translation are retlected i in the net’
earnings for the yeur.

i

ae

Premiums payable ‘by overseas policyholders for business written in: ». Barbados and

_ amounts payable to reinsurers are eerie and Laat in Berpedoe dollars.” .














PAGE 8B, MONDAY, JULY 18, 2005 THE TRIBUNE BUSINESS,
g) Investments September 30, 2003 Carrying
All investments are initially recognized. at cost, being the fair value of the consideration Cost value
giver including acquisition charges associated with the security. : BEN EA $ $
Available-for-sale:.
After initial recognition, investments in marketable securities, which are classified as 9,627,603 13,518,292

‘Marketable secmnines



available-for-sale, are measured at fair value. The Company has elected to record
changes in fair value through the statement of income. For investments that are actively
traded in organized financial markets, fair value is determined by reference to stock

Originated loans:
Government debentures, susranized bonds, deposits, treasury



exchange quoted market-prices. at'the-close-of business on the balance sheet date. For “bills: and notes. 27,332,124 27,332,124
securities where there is no quoted: market price, fair value has been estimated by .. Corporate: bonds and debentures, 7,914,259 7,914,259
management on the basis of-recent trades of the same investment or by reference to the Mee SE 2,326,334 2,326,334
current market value of other instruments with similar attributes. All marketable security ——
transactions are recognized on the trade date. Realized gains and losses are recorded in 37,572,717 37,572,717 _
the statement of income. alse een ene eS EE

- 47,200,320



51,091,009.













UNITED INSURANCE COMPANY LIMITED ©



_ Notes to the Financial Statements wh
Year Ended September 30, 2004 :








2. Significant accounting policies (cones) oe

g) Investments (cont’a) : aes ; :
Other investments consist ‘primarily’ of bonds: debentures, treasury bills, notes. and
commercial mortgages. . They. are classified:as originated loans as they are all acquired
directly from the issuer arid, therefore, are shown at amortised cost less any provision for
impairment. Amortized cost is calculated by taking into account any discount or



2004 "2003
$ $


























premium on acquisition, over the period to maturity. Gains or losses are recognized in Barbados 22,111,680 15,594,638
income when the investment is de-recognized or impaired. eee & Tobago 1,069,061 ~ 417,855
t. Lucia 3,073,364 3,073,364
h) Investments in associated companies thie : 798,889 672,669
The investments in associated companies are accounted for under the equity method of ther countries 6,303,618 7,573,598
accounting.. 33,356,612 27,332,124
i) Goodwill. ‘ :
Goodwill represents the excess of the cost of the acquisition over the fair value of © Investment income is comprised as follows:
identifiable net assets of three of its local agents at the date of acquisition. Goodwill is ,
amortized on a straight-line basis over its useful life up to a presumed maximum of 10 2004 2003
years. Goodwill is stated at cost less accumulated: amortization and any \impairment in : - $ $
value. : Interest on deposits. : 1,240,417 1,216,481 ee
: Interest on bonds, debentures and notes 3,940,221 2,834,779
pD Taxation : , si Interest on mortgages 136,551 269,873
The financial statements are prepared using the liability method of accounting for Interest on term payments 629,603 688,275
taxation whereby the future taxable liability or asset arising from temporary differences - Dividends received **: ; 179,123 | 292,633
is provided for at the estimated future corporation tax rate that is expected to apply to the Gain on disposal of i investments : 1,184,400 110,734
period when the-liability is settled or the asset realized. Deferred tax assets are Unrealized gain on available-for-sale investments 2,034,855 334,838
recognized in respect of unused tax losses to-the extent that it is probable that future SO pthetva 2 ang, Lan EEES ene :
taxable pice it will be available against which the unused tax losses can be utilised. Pe ag Mate Me Be RN de Uh ; 2343,70 5/1813
ee . : . Investment in associated companies ‘
k) Pension plan eet ek a erie Padi
The company’ s participates in a. defined ‘benefi t pension plan, the assets of which are feet se tae nf : a
held in a separate. fund administered. by a Trustee. The pension plan is funded by Ori inal ‘Hivenents ate é ost. ig ;
ame from iifled sou and the: ‘company, taking into account the recommendations of ae Original beginning of} ‘year : 400;000 5 800,000
independent qualifie actuaries: . - ‘Additions . - : - 400,000
Disposals’ cate «5 (800,000)
The pension accolmnting costs 2 are sciped using the projected unit credit method. Under mis: : ET
this method, the cost of providing pensions is charged to the income statement, so as to a Balance ~ end of year: 400,000 400,000
spread the regular cost over the service lives of the employees, in accordance with the
advice of independent qualified actuaries who carry out a full valuation of the plan every : ; ee és
three years. The pension. obligation is measured as the present value of the estimated Coane in share of ne sy . 286.930
future cash flows using interest rates of Government securities, which have terms to Share of ‘easceiaie” Sloss for the ye a (83,383) ad
maturity approximating the terms of the related liability. Actuarial gains and‘losses are Disposals, : - (286,930)
spread forward over the average remaining service lives of employees. ee ees
UNITED INSURANCE COMPANY LIMITED Balance - end of year (83,389) ;
Net. book value - end of year 316,617

Notes to the Financial Statements en .

Year Ended September 30, 2004 eres ie UNITED: INSURANCE COMPANY LIMITED

Notes to the F inancial Statements































2.0 Signifi ting polici cont'd).
Be hk S Signi icant accounting policies (cont'd) Year Ended Ge tember 30 2004.
ce ee gy: Unearned remium reserve pentane claims reserve and ro er catastro he Bot ees
» reserve P i . P P 2 P Be he _Rropertya and equipment tte
Written premiums. are reflected i in 1 the financial, statements evenly over the terms of the ant . s .
insurance policies. Unearned premiums . represent ‘the unearned portion of the net General Freehold Land: Se
ial written on policies in force at the end of the year. eae 4 and oo an
Outstanding: claims. consist of *éatiin mates eof the ultimate cost of settling Gini 4 in respect z a Pug : : ee) es e
of notified incidents that ha occurtéd up to the balance sheet date, as well as. estimates o 4 4, S64 Be se ee
for claims that ‘have. ‘bee “incurred. but not reported at that date. -Estimates, net of re 49 609) ee eee (149 °609) ;
reinsurance recoveries are ‘calculated: using methods and assumptions considered ‘to be - z Peay “ ¢ ae -
company and: the business undertaken. .This. : 4.585.495, 10,391,536 1 4,977,031 :
provision, while elieved be adequate. to cover the ultimate: cost of losses incurred, ere oe nee: eee sane
may. ultimately. be. ifferent amount.’ It is continually reviewed: and any \ B eae
% djustments are reco 4 Mt the period i in which they are. determined. . 693, 3,397 ee 601,200 -4,294;527 a
264,601: co) 75,150" 339,751!

7 oS 201), Ce eee ss aay
In: Sect t; 1 1006. = 99) 20%. of premium income sree ses : i Be! A
arising from its ‘property: busine: into: a reserve established to cover claims: made by the 5
company’s policyholders . arising: from: a’ ‘catastrophic event, which ig included as a

separate component of shareholders’ equity.



ee one "4,561,561.



676,350





..Net- book value:

At September 30, 2004 700,284 9,715,186 10,415,470





3.8% eeortaee deposits

At September 30, 2003 711,113 7,555,540 8,266,653 |





These deposits all mature after 90 cave but within one year of th the balance sheet date.. The |

' interest rates on these deposits ranged from 3.25% to 8.75% (2003 —-5% to 12%) per annum. .
Freehold land and buildings were revalued based on the 1996/97 valuation on this property done

by the Land Tax Department resulting i in a revaluation surplus of $1,044,081.

The company’s deposits are held at financial institutions throughout the Caribbean region and by
8. Goodwill

companies in the Barbados Shipping & Trading Co Ltd. (Note 10).

4, Accounts receivable 2004 2003
; $ $3.
Accounts receivable are comprised as follows: Cost
: i Balance — beginning of year. 8,456,624 7,448,698
2004 2003 Additions . : - 1,007,926
$ $ Disposals (144,692) fe Saks
Accrued investment-income . 5,625,811 . 3,871,361 Balance ~ end of veal 8,311,932 - 8,456,624
Amounts receivable from policyholders and brokers 18,732,692 20,803,298 ine soe
Other accounts receivable. 2,303,032 1,548, eee Amoitization
Reinsurance debtors: 2,468,469 Balance — beginning of y
year : 5,100,792 4,250,000
Amounts due by-related companies (Note 11) 195,802 233, 783 Amort ‘i d th "gen pen:
Corporation tax refundable 740,311 612,723 z ite ne me x oad See sees
tdi : : ‘Balance = rend of ear ,
Hse BPs 30,066;117° 27,070,104 y sees eA
UNITED INSURANCE COMPANY LIMITED Pe reo a _ Net balance ~ end ofvear. 2,360,348 3,355,832

haces ek UNITED INSURANCE COMPANY L IMITED-
Notes to the Financial Statements

Year Ended September 30, 2004 Notes to the Financial Stitesierite a : ee

- ‘Year fended Se tember 30, 2004



5. Investments



The company’s mortgages, bonds, debentures and treasury bills yield income at a rate of interest,



which reflects the. nature, security and market conditions prevailing at the time of issue or 2004 2003
renewal. Mortgages are repayable over the period to maturity in annual installments. Bonds, § $
debentures and treasury bills are repayable in full on maturity. The initial period to maturity Statement'of Income
does not exceed twenty years for bonds, debentures, treasury bills and mortgages. Yields from Overseas takes norrecoverablé 446,624 1,012,032
fixed rate investments range between 3% and. 18% (2003 — 3% and 12.5%) per annum. Deferred tax credit for the year (427,491) (l 18,836)
September 30, 2004 : Cariying Pees relating to reduction in income tax rates =e 24,258
‘ roe ee Corporation tax expense 19,133 917,454
Available-for-sale: pee ee
raueuiuakcaier vide tal Perea ee ees Balance — beginning of year 21,803 (72,775)
Sete 4] Deferred tax credit (charge) for the year 427,491 ..118,836
ginated loans: Deferred tax relating to reduction in income tax rates - . (24,258)
Government debentures, Susraniced bonds, deposits, treasury :
bills and notes yi : 33,356,612 33,356,612 ? :
Corporate bonds and debentures i 26,911,694 26,911,694 Balanee- end of year 449,294 21,803
Mortgage loans’ green 2,134,168 2,134,168 >. The deferred tax: ‘asset comprises: .
Py = Accelerated depreesstion (38,256) (88,781)
62,402,474 62,402,474 | Pension: liability. ; 246,037 110,584:
Provisions wd 241,513 . -
81,315,087 86,945,279 ‘:

. 449,294 oo. 2803.





THE TRIBUNE BUSINESS

Reconciliation of accounting income to current tax charge:



Income before taxation 12,175,348 11,302,395
Tax at the applicable rate of 33% (2003 — 36%) 4,017,865 4,068,862
Transfer to property catastrophe reserve (182,822) (160,873)
Share of loss of associated companies : 1,650 -
Losses (earnings) from other territories :
subject to double tax relief 245,163 (255,227)
Group relief received Og fee (2,583,263) (2,727,032)
-Amortisation of goodwill : we sos at aie 280,761 . 306,285 -
. Investment income not subject to taxation |. (2,206,845) (1,140,446):
-.. Effect on opening deferred tax of reduction income tax-rates) ~ 0. (24,258).
Other. =. . oe, ee Po ee 161,889)
Overseas tax not recoveiable 2 ee 2 2 446,624 1,012,032...
ee IQIBB ee po OAS





usrrep 1 INSURANCE COMPANY LIMITED Do co de

Hg ‘plates io the Finaheial Statements:
rigoe Year: ‘Ended: “September '30;:2004:"



10. Share capital

Authorised:
The company is authorised to issue an unlimited number of shares of one class designated as
ordinary shares.

Issued:
2004 2003
$ . $
Common shares — 4,200,000 (2003 — 4,200,000) _ 8,900,000 8,900,000
11. Related party transactions
a) Each year the company bears a proportion of the holding Se ae central office

expenses. The expenses are in respect of financial, personnel, office, and other services
r provided. The amount charged for the year ended September 30, 2004 was $290, 880
i i (2003 - $291,341).

b) The company provides insurance cover for the holding company and fellow subsidiary.

: companies. ‘During the year the total Peemnnne ee amounien to $8, 942,739 ee oi
i, $7,747,115). a
~¢) The Connery in , its ordinary. course of hosmeas places, money. on shiortdcnn deposits



ES

by companies in the group amounted to $2,156,788: +B (2008 $9,042,827).

: oy d) aoe due from or to related companirs, 3 are interest free, eed and payable on.
go “deman : :
e) The company holds the following shares in companies which are affiliated with the



parent company:

3 Number of shares 2004. _ 2003°
: $ $
4 Banks Holdings Limited 166,108 622,905 481,713

; Almond Resorts Inc. ~ °81,770 130,832 102,212
UNITED INSURANCE COMPANY LIMITED ,

Notes to the Financial Statements

tacdeo eee baty



12. General insurance liabilities :

2004. «2003



- Gross ousindng claims reserve. cae "110,321,789 i - 54,206,098 -
oe IBN: feserve . : eneie eget daa) oe
“| M,812;761








ele ree i ri * 58,392,291,



ee 53,420,470 ~
18 212,632. - ao et
ee 50,000



yhte: Net ovtataciding’ claims a
a ‘Unearned. premium reserve
‘. Marine Deceeke Teserve - -‘cargo.














71,733,102
13. Accounts payable .
Accounts payable are comprised as follows:
2004 2003
$ $
Reinsurance creditors ‘ 6,080,489 4,956,923
Amounts payable to policyholders, brokers and agents 461,240 2,205,553
Profit commission payable to agents 1,469,725 1,290,201 .
Other accounts payable 5,047,875 $427,758
Amounts due to related companies (Note 11) 345,875 812,562
13,405,204 14,692,997

UNITED INSURANCE COMPANY LIMITED

Notes to the Financial Statements -

oS Year Ended September 30 2004 ieee "a ae
Pe 14, , Financial Gastrunband ae : es

Fair values’

The methods and dsiumptiona used to estimate. the fair ate of each class of financial moe

‘instruments for which it is pee to estimate a a value are as follows:

._, 4) Short-term financial assets and liabilities

The carrying value of these assets:and liabilities is: a. reasonable: ‘estimate of their fair: ere ca

because of the short maturity of these instruments. Short-term financial assets comprise cash,
short-term deposits, accrued investment income, amounts receivable from policy holders,
brokers and agents, other accounts receivable and amounts due by companies in the-group.
Short-term financial liabilities comprise reinsurance creditors, amounts payable to policy
holders, brokers and agents, profit commission payable to agents, other accounts payable and
amounts due to companies in the group.

4 ’’~ ii) Investments

as Fair value represents estimates of the consideration that would currently be agreed upon
between knowledgeable, willing parties who are under no compulsion to act and is best
“""~"" evidenced by quoted market value, where one exists. The company's held-to-maturity
financial instruments are not traded in a formal market. Estimated fair values are assumed to
approximate their carrying values.

*

- Credit risk
“The company is subject to credit risk relating to its held-to-maturity juiveataecitas amounts

receivable from policy holders, brokers and agents, other accounts receivable and amounts due

moo _ by reinsurers.’ The .compariy monitors this:risk by performing preliminary credit.evaluations of * =.
Ben _. customers. The directors. consider the credit risk relating to reinsurers to be mitigated by the a

financial strength of these companies.

Ro lnterest rate risk’. “>”

fi nancial statements.









within the Barbados Shipping & Trading Company Group of Companies. Deposits held “i 3 a

ff Year Ended September 30, 2004 oe ee ee










55; sie 2









- 60,836,643

oe. -. Differences in maturity dates and changes: in : interest rates may expose the company to interest eS =
Bk eo pate risk, The companys. exposure’ to’ interest rate risk: is Miscliged 5 in notes 3 and 4 of: the . ye

MONDAY, JULY 18, 2005, PAGE 9B

UNITED INSURA:.CE COMPANY LIMITED

Notes to the Financial Statements

Year Ended September 30, 2004
15. Pension scheme
- The company operates a funded, contributory defined benefit pension plan for all permanent full-

.. time.and part-time employees who work 25 hours or more per week after completion of one year
of: continuous service. Payments to the plan are made monthly in accordance with actuarial



: advice.
: . 2004. - . 2003
$ $
ee Balance sheet: :
we Fair value of plan assets at end of year 7,186,427. - 5,841,147
: “Present value of funded obligations (9,439,438) (8,794,624)
sabi ose igen e (2,253,011). (2,953,477) _
: Unrecognised actuarial gains 1,507,443 2,511,143
Ne ability recognised in the babies shéet (745,568). sage » (442,334). ‘
statement’ of iticore
Current service cost 266,640 213,464
Interest cost 566,277 $22,175
Expected retum on plan assets é , (430,142) (401,284)
‘Net actuarial loss recognised in the year 120,603 123,586
_Net expense recognised in the income statement ; 523,378 457,941
~ Actual return on plan assets 1,547,544 600,054
. Movement in the net amount recognised in the balance sheet

- Net liability - beginning of year (442,334) (134,108)
Net expense recognised in the income statement (as above) (523,378) (457,941)
Contributions paid 220,144 149,715

Net liability - end of year (745,568) (442,334)
Principal actuarial assumptions at September 30, 2004 were:

2004 2003
Discount rate : 6.5% 6.5%

' Expected.retum on plan assets 7.5% 7.5%
Future promotional salary increases : 2% . 2%
Future inflationary salary increases : 2:5% 2.5%
‘Future pension increases : 1.5% 1.5%

s Proportion of employees opting for early retirement 15% ; 15%

ea Future i increases in NIS ceiling for earnings 2.5% 2.5%

ne Page 19
: UNITED INSURANCE COMPANY LIMITED :

a Notes: to the Financial Statements

"Year Ended September 30, 2004 :

16. . Net easererinne income





2004 ~~ 2003
$ bY $
: Underwriting income - ; ,
.. Gross written premiums 108,589,742 . 99,864,890
Premiums reinsured (62,621,310) (57,306,307)
Net written premiums 45,968,432 42,558,583
_Change.in ‘unearned premium reserve (3,926,278) _. 277,559
_ Net earned premiums ho 42,042,154 42,836,142
” Profit commission ve eee 965,837 : (239,628)
“Other underwriting i income, _ - 3,511,245
ia Reinsurance commission 11,395,397 °° 11,035,622
. “Total underwriting income 53,703,388 - 57,143,381
: : Underwriting expenses
__., 4 Gross:claims paid ° 16,371,619 36,465,071
ee ‘Change i in certeral i insurance liabilities 56,248,449 (7,854,977)
ath Gioss ‘laitis drcurred 72,620,068 - 28,610,094
a Reinsurance recoveries | (49,278,268) - * (710,107)
“"Netclaiins incurred 23,341,800 27,899,987
: Commission. expense _ 12,397,478 «11,567,557
Premitim taxes’ 1,667,999... “1,520,765
Total underwriting expenses 37,407,277 40,988,309
Net underwriting income before allocation of expenses 16,296,111 16,155,072
. Expenses allocated -
Employment expenses 5,134,896 4,791,385
Selling and production expenses 1,815,885 1,985,816
Support expenses 2,889,621 . 2,778,634
. Total expenses allocated 9,840,402 : 9,555,835
Net underwriting income 6,455,709 6,599,237

PUBLISH
Your Balance Sheets & Legal Notices in

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EI peel.





PAGE 10B, MONDAY, JULY 18, 2005

THE TRIBUNE BUSINESS







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THE TRIBUNE BUSINESS. MONDAY, JULY 18, 2005, PAGE 11B

BIG

SOLUTIONS §
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PAGE 12B, MONUDAr, vULY 18, 2005

GN-243



SUPREME COURT

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,

PROBATE DIVISION |
~ JULY 21, 2005 | .

2005/PRO/npr/00271

Whereas ANTHONY A. FRANCIS of Flamingo Gardens,
in the Western District of New Providence, one of the
Islands of the Commonwealth of The Bahamas, the Lawful
Widower has made application to the Supreme Court of
The Bahamas for Letters of Administration of the real and
personal Estate of ANGELA FERGUSON-FRANCIS late

of Flamingo Gardens in the Western District of New

Providence, one of the Islands of the Commonwealth of
The Bahamas, deceased.

Notice is hereby given that such applications will be
‘ heard by the said Court at the expiration of 14 a from
the date thereof.

- Desiree Robinson
(for) Registrar

~ COMMONWEALTH OF THE BAHAMAS |

THE SUPREME COURT,
PROBATE DIVISION
JULY 21, 2005

2005/PRO/npr/00332_

Whereas CLARENCE DARREN PINDER of Hatchet Bay
on the Island of Eleuthera, one of the Islands of the
Commonwealth of The Bahamas, the Lawful widower has
made application to the Supreme Court of The Bahamas
for Letters of Administration of the real and personal estate
of KAREN DIANNE PINDER late of Hatchet Bay on the
Island of Eleuthera one of the Islands of the Commonwealth
- of The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 21 days from
the date thereof.

Desiree Robinson:
ae : (for) Registrar



SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167
NASSAU, THE BAHAMAS
JULY 21, 2005

2005/PRO/NPR/00337

_ Inthe estate of MILTON M. FISHER, late of 190 E. 72nd
St. Manhattan, New: York, New York, one of the States of
the United States of America, deceased.

NOTICE is hereby given that after the expiration of
fourteen (14) days from the date hereof; application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by JAN W. BORGHARDT, of Gambier Heights,
~ Western District, on the Island of New Providence, one of
the Islands-of the Commonwealth of The Bahamas,
Attorney-at-Law, is the Authorized Attorney in The Bahamas,
for the Resealed Grant of Letters of Administration in the
above estate granted to IRVING W. BALLEN, the
Administrator by the Surrogate’s Court of the County of
New York, U.S. A., on the 27th day of August, 1984.

Desiree Robinson
(for) Registrar

; _ COMMONWEALTH OF THE BAHAMAS
E SUPREME COURT,

Te ROBATE DIVISION:

| JULY 21, 2005
_ 2005/PRO/npr/00338

Whereas PAMELA LAVERN KLONARIS of Edgewater |.

Drive, Lyford Cay and ANTHONY NOMIKOS KLONARIS
of Old Fort Bay, Western District of New Providence, one
of the Islands of the Commonwealth of The Bahamas, The
Attorney by Deed of Power of Attorney for MAUREEN
PATRICIA MURLINE, the sole Executor and Trustee has
made.application to the Supreme Court of The Bahamas
for Letters of Administration with the WIIl Annexed of the
real and personal estate of GERALD MULRINE late of 183
Sandyport Drive, Sandyport, Western District of New
Providence, one of the Islands of the Commonwealth of
The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the erin of 14 days from
the date thereof.

Desiree Robinson
(for) Registrar

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167
NASSAU, THE BAHAMAS
JULY 21, 2005

2005/PRO/NPR/00345

In the estate of JAROSLAV CHARLES PILAR a.k. a}

nromemnrienmeaicme, waters Ae ee NE EAI AE LE EE TE ca ATE RRC cc RN HP NN



(

CHARLES PILER, late of The Town of Markham in the
Province of Ontario, Canada, deceased.

NOTICE is hereby given that after the expiration of
fourteen (14) days from the date hereof, application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by LOUREY C. SMITH, of #4 George Street in the
City of Nassau in the Island of New Providence, one of the
Islands of the Commonwealth of The Bahamas, Attorney-
at-Law, is the Authorized Attorney in The Bahamas, for the
Resealed Grant of Certificate of Appointment with the Wil
in the above estate granted to VIVIAN AVIVA HARRIS, the
Executrix and Trustee by the Supreme Court of Justice of
Ontario, Canada, on the 5th day of February, 2005.

Desiree Rebinson
(for) Registrar



COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,

PROBATE DIVISION

JULY 21, 2005

2005/PRO/npr/00346
Whereas VIRGINIA BURROWS of Freeport, Grand

Bahama, one of the Islands of the Commonwealth of The:

Bahamas, the Lawful Widow has made application to the

-Supreme Court of The Bahamas for Letters of Administration

of the real and personal Estate of ANDY GLENN
BURROWS late of Matthew Town, on the Island of Inagua,
one of the Islands of the Commonwealth of The Bahamas,
deceased.

: Notice i is hereby given. that such applications will be
heard by the said Court at the expan of 21 days from
the date thereof.

“Desiree Robinson
(for) Registrar —

COMMONWEALTH OF THE BAHAMAS |

THE SUPREME COURT,
PROBATE DIVISION
JULY 21, 2005

2005/PRO/npr/00348

"Whereas JOSEPHENE ROLLE of Golden Gates
Subdivision No. 2, Carmichael Road, Western District, New
Providence, one of the Islands of the Commonwealth of
The Bahamas, The Lawful Widow has made application to
the Supreme Court of The Bahamas for Letters of
Administration of the real and personal Estate of
FREDERICK J. ROLLE late of Golden Gates Subdivision

No. 2, Carmichael Road, Western District, New Providence,
one of the Islands of the Commonwealth of The Bahamas,
- deceased:

_ Notice is hereby given that such applications will be
heard by the said Court at the snore of 14 days from
he date thereof.

D. Robinson
(for) Registrar

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167

NASSAU, THE BAHAMAS

JULY 21, 2005 |:

2005/PRO/NPR/00349

In the estate of LASZLO NEMETH, late of 1831 S.W. 9th
Avenue in the City of Fort Lauderdale i in the State of Florida,
U.S. A., deceased.

NOTICE is hereby given that after the expiration of

fourteen (14) days from the date hereof, application will be

made to the Supreme Court of The Bahamas, on its Probate
Side by KEVIN MARTIN RUSSELL, of #14 Doubloon Drive
in the City of Freeport, Grand Bahama, one the Island of
the Commonwealth of The Bahamas, Attorney-at-Law, is}
the Authorized Attorney in The Bahamas, for the Resealed
Grant of Letters of Administration in the above estate
granted to JEAN ELIZABETH NEMETH, the Executrix by
the Circuit Court for Broward County, Probate Division in

the State of Florida, U.S.A., on the 26th day of January,
2005. My

Desiree Robinson
(for) Registrar

SUPREME COURT
PROBATE REGISTRY

P.O. BOX N-167-

NASSAU, THE BAHAMAS

JULY 21, 2005

2006/ PRO/ NPR/00350

In the estate of EVEYLYN STEINHARD a.k.a. EVELYN
TEPPER STEINHARD, late of 18081 Biscayne Boulevard,
#401 in the City of Aventura; in the County of Miami Dade
in the State of Florida, U.S.A., deceased.

«NOTICE is hereby given that after the expiration of
fourteen (14) days from the date hereof, application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by KEVIN MARTIN RUSSELL, of #14 Doubloon Drive
in the City of Freeport, Grand Bahama, one of the Islands
of the Commonwealth of The Bahamas, Attorney-at-Law,
is the Authorized Attorney in The Bahamas, for the Resealed
Grant of Amended Letters of Administration in the above
estate granted to BEN NATHAN TEPPER, the Personal
Representative by the Circuit Court for Miami Dade County
me State of Florida, U.S.A., on the 24th day of June

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,

PROBATE DIVISION

JULY 21, 2005



THE TRIBUNE BUSINESS

2005/PRO/npr/00351

Whereas HELEN I. THOMPSON of Castor Street East,
Highland Park, Western District of New Providence, one
of the Islands of the Commonwealth of The Bahamas, The
Lawful Widow has made application to the Supreme Court
of The Bahamas, for Letters of Administration of the real

and personal Estate of THOMAS ALVIN THOMPSON late .

of Castor Street East, Highland Park, Western District of
New Providence, one of the Islands of the Commonwealth
_ of The Bahamas, deceased.

Notice is hereby given that such applications will be - I

heard by the said Court at the expiration of 14 days from |.

‘the date hereof.

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,

PROBATE DIVISION

JULY 21, 2005

2005/PRO/npr/00353

Whereas REV. KIRKLEY CALEB SANDS of 135 Yorkshire
Street, Westward Villas, Western District of New Providence,
one of the Islands of the Commonwealth of The Bahamas,
the Lawful Widow has made application to the Supreme

_Court of The Bahamas for Letters of Administration of the ° |
real and personal Estate of CONSTANCE MURIEL SANDS.
late of 135 Yorkshire Street, Westward Villas, Western |.
District of New Providence, one of the Islands of the.

Commonwealth of The Bahamas,

deceased, —

Notice is hereby given that such applications. will be 7

the date thereof.

heard by the said Court at the expiration of 14 days fom

. Desiree Robinson
(for) Registrar



SUPREME COURT |

~ PROBATE REGISTRY

P.O. BOX N-167.

NASSAU, THE BAHAMAS...

~ JULY 21, 2005
2005/PRO/NPR/00355_

In the estate of SOLON C. BEXLEY, JR. a.k.a. $.C.
BEXLEY JR., a.k.a. SOLON COUSINS BEXLEY, JR., late

of 6332 Wisteria Roop, Land O’ Lakes, Pasco, Florida, :

U.S. A., deceased.

NOTICE is hereby given that after the ‘expiration nae

fourteen (14) days from the date hereof, application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by DOLLY P. YOUNG, of Nassau East North in the

Eastern District, New Providence, one the Islands of the ..
Commonwealth of The Bahamas, ‘Attorney-at- -Law, is the: »
Authorized Attorney in The Bahamas, for the Resealed::

Grant of Letters of Administration in the above estate. :
granted to CRAIG L. BEXLEY, the Personal Representative‘

-|-by.the Probate Division of the Circuit Court for Pasco:

County in the State of Florida, U.S.A., on the 28th day of ~

October, 2004.

Desiree Robinson
_ (for) Registrar

SUPREME COURT

PROBATE REGISTRY ~

P.O. BOX N-167
“NASSAU, THE BAHAMAS
JULY 21, 2005

2005/PRO/NPR/00356 -

In the estate of MICHAEL DOUGLAS SUTCLIFFE HOOD, |
late of Tithe House, The Street, Walberton, West Sussex,

United Kingdom, deceased.

NOTICE is hereby given that after the a sietion of
fourteen (14) days from the date hereof, application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by DOLLY P. YOUNG, of Nassau East North in the
Eastern District, New Providence, one the Islands of the
Commonwealth of The Bahamas, Attorney-at-Law, is the
Authorized Attorney in The Bahamas, for the Resealed
Grant of Probate in the above estate granted to LEIGH
SUTCLIFFE HOOD, the Executor by the High Court of
Justice, the District Probate Registry at Winchester, United

Kingdom on the 14th day of November, 1997.

Desiree Robinson
(for) Registrar

i

ae 5 weg ae eres

a or ot

SUPREME COURT -

PROBATE REGISTRY
P.O. BOX N-167
NASSAU, THE BAHAMAS
JULY 21, 2005

2005/PRO/ NPR/00358

In the estate of PATRICIA JOAN PIRRIE HOOD, ali Sot.
Tithe House, The Street, Walberton, West Sussex, United ie

Kingdom, deceased.

NOTICE is hereby given that after the expiration of .
fourteen (14) days from the date hereof, application will, be ee

made to the Supreme Court of The Bahamas, on its Probate ~ -



Side by DOLLY P. YOUNG, of Nassau East North in ‘the: |

Eastern District, New Providence, one the Islands of ‘the

Commonwealth of The Bahamas, Attorney-at-Law, is the”

Authorized Attorney in The Bahamas, for the Resealed

Grant of Probate in the above estate granted to CAROL ‘

DIANE WEBB, the Executrix by the High Court of Justice,

the District Probate Registry at Brighton, United Kingdom

on the 19th day of November, 2001.

Desiree Robinson
(for) Registrar

itd

yy te OF

_ JULY 18, 19,20

SPURT TI RENAE AN TESS RP A OPENER SRT ARM AUS YEN RMD BM MON NOOR RAR ING ME RENTS ee RRR Nome



<

GN:243 Cont'd
COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,
PROBATE DIVISION

oT TR a

uo

Poo§/PRO/np/00360
Whereas JOHN BRAYNEN of Holiday Drive, South

Beach, Southern District of New Providence, one of the §

| IslaAds of the Commonwealth of The Bahamas, The
Attorney by Deed of Power of Attorney for RALPH
MABILL, the sole Executor has made application to the

Supreme Court of The Bahamas for Letters of §

| Administration with the Will Annexed of the real and
personal Estate of MARION MADILL late of No. 8 Breezy
Hill Off Village Road, Eastern District of New Providence,
onetof the Islands of the Commonwealth of The Bahamas,
deceased.

Notice i is hereby given that such applications will be

: heard by the said Court at the expiration of 14 days from
y the idate hereof.

’ Desiree Robinson °
(for) Registrar

THE SUPREME COURT,
PROBATE DIVISION

ee

2005/PRO/npr/00361
Whereas GLADSTONE BURROWS of Sun Shine Park,

f Southern District of New Providence, one of the Islands :

| of the Commonwealth of The Bahamas, The brother, has
| made application to the Supreme Court of The Bahamas,

i for ‘Letters of Administration of the real and personal
f Estate of JONATHAN BURROWS late of West End §
; Avghue, Coconut Grove, Southern District of New f
# Providence, one of the Islands of the Commonwealth of §

aN Bahamas, deceased.

tice is hereby given that such applications will be |
head by the said Court at the expiration of 14 days from. jf



theppate hereof.
oe “Desiree Robinson :
a. a _.._ (for) Registrar
ee _ SUPREME COURT |
i PROBATE REGISTRY |
£ P.O. BOX N-167 }
ae NASSAU, THE BAHAMAS. |
bo JULY 21, 2005
2005/PROINPR/00862
£

1 _ If the estate of DENISE TRAMONTANA, late of 14
} Ortnond Drive, in the County of Albany, in the State of
7 NeW York, one of the States of the United States of
erica, deceased.






| Regealed Grant of Letters Testamentary in the above
i ah te granted to AVIS MULHOLLAND, the Executrix |

y Albany County Surrogate’s Court of the State of New
Yo , U.S.A., on the 13th day of November, 2003.

Desiree Robinson

(for) Registrar

SUPREME COURT §

PROBATE REGISTRY
P.O. BOX N-167

208 5/PRO/NPR/00363

PA * ja isu wladabpeie vba

t the estate of LIVIAN POWELL HARDING, late of /
Hatris County, in the State of Texas, one of the States of

: 4 United States of America, deceased.

NOTICE i is hereby given that after the expiration of

, petra (14) days from the date hereof, application will
7 be

Nakeou, Corporate Centre, Suite 200, Bay & East Street,

| Nassau, New Providence, one the Islands of the
| Commonwealth of The Bahamas, Attorney-at-Law, is |
j_ the/Authorized Attorney in The Bahamas, for the Resealed |

Gre nt of Letters Testamentary in the above estate granted
ETTY HARDING BERNSTEIN, the Indepedent

H Edcuttix by the Probate Court of Harris County in the
f oie of Texas, U.S.A., on the 16th day of March, 1988.

Desiree Robinson
(for) Registrar .

"a ee

Se ka a ek

i 2005/PRO/ NPR/00365

Palm Beach County, in the State of Florida, one of the |

Sites of the United States of America, deceased..

NOTICE | is hereby given that after the expiration of }

fourteen (14). days from the date hereof, application will

beimade to the Supreme Court of The Bahamas, on its |
Probate Side by PHILIP ALEXANDER LUNDY, of the |

Pridlerock Corporate Centre, Suite 200, Bay & East Street,

Nassau, New Providence, one the Islands of the

Cémmonwealth of The Bahamas, Attorney-at-Law, is
the Authorized Attorney in The Bahamas, for the Resealed
G ant of Letters of Administration in the above estate
granted to BETTY HARDING BERNSTEIN, the Executrix

byithe Probate Division of the Circuit Court of Palm |

Beach, Florida, U.S.A., on the 11th day of April, 1988.
E Desiree Robinson
f (for) Registrar

iy
4

JULY 21, 2005 §

COMMONWEALTH OF THE BAHAMAS |

‘ JULY 21, 2005

| aah is hereby given that after the expiration of |

f foufteen (14) days from the date hereof, application will |
fj be made to the Supreme Court of The Bahamas, oniits: §
| Prdbate Side by ARTHUR SELIGMAN, of the Western
Disfrict,on the Island of New Providence, one the Islands
q of 1e Commonwealth of The Bahamas, Attorney-at-Law,

NASSAU, THE BAHAMAS §
JULY 21, 2005 §

ade to the Supreme Court of The Bahamas, on its §
- Prgbate Side by PHILIP ALEXANDER LUNDY, of the |

SUPREME COURT §

PROBATE REGISTRY |

P.O. BOX N-167 |

NASSAU, THE BAHAMAS f§
JULY 21, 2005

i the estate of GEORGE WILLIAM HARDING, late of |

TRIBUNE SPORTS MONDAY, JULY 18, 2005, PAGE 13B



asley leads
US to victory
over Jamaica

le

—-— —— © ae



»Copyrig hted Material
~ Syndicated) Content

Available from Gominorcial News Providers”

( —_ ©@.

but not at The Tribune

Lhe Tribune is preparing its biggest ever

and needs graduating and college students, plus schools, to send in as much
information as possible on academic and other achievements. Students should
send in a photograph of themselves, and we need schools to supply information
on plans for the new academic year, plus any appropriate photos,

Le)

Address: Back To School Supplement
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{7 Contact Samora St. Rose at The Tribune on 502-2373 if you have any
Le queries. Information and pictures can also be emailed (as attachments) to: [
| tribune@tribunemedia.net





PAGE 14B, MONDAY, JULY 18, 2005





Bi By BRENT STUBBS
Tribune Sports
Reporter

JEROME ‘the Bronze
Bomber’ Ellis pulled off
an another big victory on
Saturday night in North
Carolina.

The Bahamian junior
middleweight champion
dropped to the mid-
dleweight division and
stopped American Kevin
Kago in the eighth and
final round of their bout.

“It was a competitive
fight,” said Ellis, who
knew he had to go for
the knockout to avoid a
close decision, after lead-
ing on two of the three
judges cards going into
the final round.

Ellis floored Kago with
a left upper hook to his
head one minute and 20
seconds into the round to
pull off his seventh
knockout in an 8-3-1
win-loss-draw career
record,

Opponent

“Going into that
round, I really didn’t
want a bad deal,” Ellis
said, “so in the eighth
round, I knew that I had
a little more than my
opponent, so I decided to
for the knockout.”

This was Ellis’ fourth
fight in the United States
{or the year. The victory
improved his record to 2-
1-1. With the exception
of a loss in Philadelphia,
when he felt he was out-
classed, Ellis said he felt
he was robbed of the
draw in California.

But having won in
West Palm Beach, Flori-
da, where he currently
resides and trains, he
knew that he couldn’t
take any chances and so
he decided to go after
Kago,

_ “This fight was differ-
ent from all the other
fights because instead of
fighting at 154, I went
back down to 147,” Ellis
reflected.

“So I wasn’t all that
strong. I mean I was
healthy, but I didn’t have
all the fire that I normal-
ly carry at 154. We are
going to work on that
and try to develop that,
so we won’t have to wor-
ry about that in the
future.”

Ellis was referring to
his trainer, former world
champion Johnny
Buckus, who was prepar-
ing Ellis’ training part-
ner, Kassim Ouma for
his International Boxing
Federation’s 154-pound
title fight against Ramon
Karmazin on Thursday
night.

‘Unfortunately, Ouma
lost his title.

“T basically had to doa
lot of my training and
final preparation on my
own during the last
week,” Ellis said. “All °
the dicting and weight
loss, J basically did on
my own.

Experience

“But I liked the experi- ,
ence. I like fighting at
147. l'see a can make a
difference and open
some eyes at 147. I just
have to work at it and
develop and get better.”

Although he felt sharp
at that weight, Ellis
admitted that he didn’t
have the power behind
his punches, so he wasn’t
able to put Kago away
carlier than he had antic-
ipated.

Ellis, who suffered a -
slight injury to his hand
during Saturday night’s
fight, is hoping to be
back in August and
hopefully twice in Sep-
tember, one bout in West
Palm Beach and another

- at home in Nassau.

“I’m preparing and
hoping to be ready for
those tights,” Ellis stat-
ed.



@ By KELSIE JOHNSON
Junior Sports Reporter

THREE teams were sent
packing on Saturday in the
annual Peace on the Streets
basketball tournament.

Harrache Knights and Fox
Hill Big Brothers were both
eliminated in the seniors divi-
sion, while the Eastside All-
Stars exited the junior divi-
sion.

The 16-team tournament
started on Saturday and will
climax this Saturday with the
championship games in both
divisions.

Before the annual tourna-'

ment comes to a close, a three
point shoot-out and a slam
dunk contest will be the fea-
ture event.

On the opening day, eight
games were played in the
senior division, which saw sev-
eral new teams join the hunt
for the title.

For the first time.in the
tournament’s history, a col-
lege team has joined the

Knights, Big Brothers
and All-Stars are out



rankings.

This team is made-up of
Bahamian college players,
playing aboard.’

According to tournament
organiser Carlos Reid the new
additions might mean a new
champion being crowned.

Quality

Reid is basing his assump-
tions on the quality of play in
both divisions and the upsets

that took place on the opening ©

day.

He said: “This year’s tour-
nament isn’t easy, we have a
lot of great teams, all at any
point of the day can defeat the
defending champions.

“Today we opened up the

tournament with a lot of
upsets, so, looking at the com-
petition, I will say that. the

tournament will be a good’

one, with a lot of surprises.”
Losing their tournament

opener were Peace on the

Street’s three times defending

champions Breezes Super-

Club. :

Facing off with the New

_ Providence Basketball Asso-.
ciation (NPBA) top team, the

Real Deal Shockers, Breezes
saw themselves fall 31-44.
The loss placed the squad
in the tournament’s loser’s
bracket, forcing them to take
the longer route to the semi-
finals.

Another loss would have:

sent the team packing, but



the Streets

they awaited the loser of game
two, played between the Sun-
shine Auto Ruff Riders and
the Fox Hill Big Brothers.

‘Wasting no time in the
game, the Ruff Riders easily
disposed off the Big Brothers
42-35, but defeating the Big
Brothers was no easy task for
the defending champs.

Late in the third quarter,
Breezes saw their eight point
lead close into three points,
after the Big Brothers made
a 6-2 run.

Tired

The run extended into the
opening minutes of the fourth,
but the Big Brothers weren’t
able to take advantage of the
turnovers and team’s tired
legs. .
Although both teams added
to their scores, Breezes held
on to their three point lead in
the final minutes, winning the
game by one point, 44-43.

The win moved the defend-
ing champs to battle the Ruff

TRIBUNE SPORTS






Riders, who lost to the Shock-
ers 37-42. .
So far, the Shockers and the
Heats, the collegiate team, are
the only two teams in the
senior division who are unde-
feated after two games. >
The Heat defeated the
Courtesy Warriors in their
opener 44-40, and Gatorade
56-35 in their second game. .
The limited teams in the
junior division allowed only
five games to be played, hav-
ing to double-up on Saturday.
The Thunder Bones are
leading this hunt for the title,
defeating East Side All-Stars
35-22 and ‘Courtesy Warriors
40-29.
The Thunder Bones seale«
their place in the tournamen-
t’s semi-final rounds with the
two wins. :
In other games, the Rockets _.
trounced the All-Stars, in an
elimination game, 49-26. -
The Sunshine Ruff Riders
handed the Stingers their first
loss. Ruff Riders beat the
Stingers 45-42.

Davis Cup
team ‘will be
prepared’
FROM page one

“I think we have the team to
bounce back out of group III,” he
stated. “I think we’re much better
players than the guys in group III.

“We just have to continue to
work hard every day to get that
big goal. If we can do that, I think
we will be able to get back in zone
II and I think we even have the
potential to get back in group one
and even challenge for the World
Group.”

Top seed Marvin Rolle said it
might be an omen that they are
now in zone III.

“We just have to go back to the
drawing board and try to clean up
the mistakes that we made,” he
insisted.

Sweeting, who had some historic
performances in between the two
ties, said it’s not a good thing to
be relegated to zone III.

“But on the positive side, we will
be one of the strongest teams in
zone III, looking to get out there as
soon as possible,” he charged.

“We’re looking to go down

‘there and dominate and, before:

you know it, we will back here in
zone II. All we’re doing is getting
better.

“In Curacao, we played well and
we came here and we just contin-
ued to improve. So it’s only a mat-
ter of time before we get up there.”

For Thompson, he’s confident
that with the players available for
the team, the Bahamas should be
out of zone III in short order.

“The guys are so young on our
team that we can only improve,”
he said. “The guys we played, if
you took three or four points here
and there, the outcome of the
matches could have been differ-
ent.

“So in zone III, I think we
should do very well and get out of
zone II] next year.”

All four players have indicated
that they intend to play in some
Futures events once they return to
the United States and eventually
play in a tournament in Africa.

Farrington said that will be the
key for the team in the future,
especially having to travel to
Colombia two days earlier than
they were scheduled to be.

“We need to give ourselves a
chance,” Farrington lamented. “So
we will continue to work on that
and see if we can get some funding
to train at least a week before the
week of the tie.

“That way, we will all be togeth-
er and practise with each other a
lot more.

_ “Ultimately our goal will be to
be back in zone IJ and zone one,”
he said, “and I think that’s very
possible. We have a very young
team, so we have a little time on
our side.

“JT don’t have guys 29 and 30 and
concerned about who’s coming up
next. I have at least 10 years with
these guys. So there’s no concern.”









Shock defeat for Australia as
Russia triumphs over France




“Copyrighted Material
Syndicated Content, .

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MONDAY, JULY 18, 2005:

SECTION

Te

Te:

Knockout for



-] wa ~ J, | pet rede} goyer ee
eT aan ee ee gee "fs Lo) 9s] ol) gt
MIAMI HERALD SPORTS |



Fax: (242) 328-2398
E-Mail: sports@100jamz.com.:

brave





Bahamas teain

move down to Zone Ill

@ By BRENT STUBBS
Senior Sports Reporter

FOR the first time in the 17-
year history of playing Davis
Cup, the Bahamas will have to
play out of zone III after rele-
gated by Columbia over the
weekend. 2

Playing at an altitude of 8,000
feet at the American Tenis Club
in Bogota, the higher ranked
Columbians shut out the youth-
ful Bahamian team 5-0... >

The clincher camé iii the dou-
bles on Saturday when Alejan-
dro Falla and Carlos Salamanca
teamed up to:sweep:Marvi
Rolle and Ryan
6-1, 6-3. =

Rolle, wh
number on
singles matt!








9

6-2, 3-6, 6-2 to Pablo Gonzalez,

the number two seeded
Columbian player who is
ranked at 338 in the world.
’ And in the second singles on
Friday, Mullings, the No.2 seed
for the tournament, was swept
6-4, 6-2, 6-3 by Columbian top
seed Falla, ranked 253 in the
world. sae

With the tie already clinched,
Sweeting played in the first

reverse singles yesterday, los-

ing 6-4, 6-4 to Falla, while
H’Cone Thompson lost 6-1, 6-1
to Michael Quintero; the fourth

-member of the Columbian
team, ranked at 498.

Players

None of the Bahamian play-
ers were ranked and only Rolle
and Mullings have a computer
‘point, which, according to tear
captain John Farrington, made
their loss much easier.to accept.

“We put in a good effort. It
was great to come down éarly
and prepare,” said Farrington
as the team prepared for a team
meeting to reflect on their per-
formances.

~ “We got a chance to get com-

fortable with the altitude and
get in shape to play. They real-
ly played well: We played a cou-
ple of guys who were fairly
experienced, but.even their cap-
tain admit that in a couple of
years; we will be strong.”
Coming off their 3-2 loss to
. the Netherlands Antilles in Feb-
Tuary in the first round of the

tie, Farrington said the,team ,

played much -better and they
were actually in every match...”

“It wasn’t like we were, gets
ting blowm:off the-éodrtiadd

they were just too darn good,”

said Farrington.
“That wasn’t the case.
“We were right there with
them.”

Despite losing, all four of the -

Bahamian players were pleas
with the performances the:

turnedin. — '

Rolle, who earned a comput-

er point to move up to the top
seed on the team since playing
No.2 in the Netherlands,
Antilles, said it was good to
improve from one tie. to thé
next,

“It was a good experience,”
he said. “Each tie is different.
We got a chance to see what we




Shutout
- from strong
Columbians



can do against them. It’s obvi-
ous that we are not too far

behind them. So we just -have |



£0 Wor

zl

k hard to do what we





we

Onzalez, Rolle

unced back and played well

=t0° go up 2-1, but he had a
breakdown, rebounded again,
then couldn’t hold on at the
end.

Mullings, who played in the
NCAA Championships for
Ohio State before the tie, said it
wasn’t one of his better match-
es, but he-gave it his all.

Attacked

“I fought hard. I think I
played okay,” he said. “I think I
probably could have attacked






him a little more because a lot’ .
of the points that I won, I won °

coming forward. I think I could
have done alittle more of that.”
As for the doubles, Sweeting

said they played well and had

their chances to win.
“We were holding serve well,

but we just didn’t make them.

volley; make them play,” he
stressed. “That was the case in

losing the first set to
said. he.

pretty much all of the matches. .

They didn’t really ‘hurt us. We

just made too many mistakes as

we-did in the doubles when it

was crucial points.” * :
Rolle said he just-didn’t live

up to his end’of the bargain’ |.

“Tet my.partner down, miss--.

ing some key shots, some key
vollies and I:wasn’t putting in
my first-sérves. I was missing a
‘lot of first serves,” he said. “I
think I didn’t play as well as I
should in the doubles.”

’

Sweeting, at 19, the youngest .

member of the Bahamian team,
admitted that Falla was a tough
cookie.. OR
“In the first set, it was on
“serve until I got broken at 5-4
and at 40-15, I had a chance to
break ‘back, but I lost 6-4,”
Sweeting reflected. —
"Ten in the second set, I was
leading 3-1 up a break, but I
lost my serve again. to go on
serve and from then-on, I won
my serve and lost again.”
Sweeting said he played well



,. get into the match.

Thompson, the oldest mem-
ber of the Bahamian team at
24, said they had a big task
ahead of them, but they man-
aged-to hold their own.

“For me, it was a match'to let
mé know what J. need to:work
on,” hesaid. |. :

“How far I. am from those
guys that are right there playing
ATP events.”





¢ _. and he went for his shots, but.
d* Falla just didn’t allow him to



ae

i
sy
at



lm By BRENT STUBBS
- Senior Sports Reporter

‘TEAM captain John Far-
rington knew sooner or later
the Bahamas would have to
take a step back in order to
eventually move forward in the
American Zone Davis Cup tie.

The team’s 5-0 loss to
Columbia over the weekend in
Bogota, relegated the Bahamas
from zone II to zone III where,



next year, they will have to
play against countries such as
Puerto Rico, Haiti, Honduras
and El Salvador.

The two top teams out of
zone IV, possibly Trinidad &
Tobago and either Costa Rica
or Barbados, will advance to
join zone III.

But it doesn’t matter who is
in the zone, Farrington is con-
vinced that the Bahamas will
be prepared to return. to zone




IL in 2007.



“
:





takes to get better.

Farrington said they will just
concentrate on getting through
zone III and regaining its spot
in zone II next year." **:'»

Looking ahead to playing in
zone III, Mullings: said it
should be much easier. to
advance than it was to stay in
zone II this year.

_ SEE page 14B



“These guys know that we
have to continue to prepare
and they will have to sacrifice a
little more and make it their ~
job,” said Farrington, who is
now a full-time tennis coach
and trainer in the United
States.

“It’s not a hobby anymore.
Not that they don’t take it seri-
ous, but I think they have a
pretty good idea of what it


























“MONDAY, JULY 18, 2005







- The stories behind the news

PEOPLE |

The controversial Bishop Neil Ellis
(left) caused another stir last week
when he told a congregation that if
Bahamians continue to turn a blind
eye to the illegal immigration problem
they could soon find themselves cele-
brating the country’s independence in
Creole. Bishop Ellis, the senior pas-
tor of Mount Tabor Full Gospel Bap-
tist Church,.made the comments in a
fiery sermon on the topic of “Bahami-
an Freedom”: The text was taken from
Luke 13, verses 10-17...

’ A former PLP MP has called for an
immediate moratorium on all
migrants into the Bahamas. And a
former minister of immigration has
warmed that if the Bahamas contin-
ues on its current trend, it will be
overrun with Haitians in the next 20
years. Former MP Dr Elwood Don-
aldson said government needs to
put a moratorium on all immigrants
save those needed for vital govern-
ment problems...

Government remained tight-lipped last week in the
face of growing concern that Trade and Industry Minis-
ter Leslie Miller might have signed the PetroCaribe -
agreement without Cabinet approval.

Former Cabinet Minister Zhivargo Laing told The
Tribune last Thursday that unless government explicit-
ly tells the public that Minister Miller signed the agree-
ment without Cabinet consent it is fair to assume that
“we may be sending signals to allies that we are having
a shift in foreign policy”.

Venezuela has agreed to sell crude oil and petroleum
products to Caribbean countries at concessionary rates
as part of the PetroCaribe agreement...

i By FELICITY INGRAHAM
_ Tribune Staff Reporter

iving a young person
a new lease on his or
her life is, perhaps,
one of the most signif-
pa icant gifts they could
réceive — especially if they were head-
ed down a road to destruction.
_ For 23.yeung men-now. An: the.Min;.,





gramme, they have: been g
that. Last week, they began a 14-week
programme designed to prepare them
‘for the workplace, and for making
meaningful contributions to their fam-
ilies and community.
On July 4 this year, the National
» Youth Service, in conjunction with
the YEAST Empowerment Pro-
gramme, graduated more than 30
young men from a pilot programme in
Andros.



Positive .

’ There, boys who were used to a life
of gun and knife-carrying, using and
selling drugs, poverty, and being
involved in gang warfare, were trans-
formed into positive. young men.

‘As simple as that sentence is, to.see..

- their transformation is remarkable.
- The government and YEAST truly
achieved success, according to the

boys, who swore to life-long changes -

at the end of the programme.

The Tribune visited the camp..in

-_ Andros during the closing ceremony.

: Some of the young men, mostly 16-to-

- 19-year-olds, had tattoos, while others
had facial or body scars, which are

_ common “rite of passage” signs of
street warfare.
_. There were those who could not

xead or write, those who were unin-.
terested in being there, and there were.
those who stole from others in the
group gr got into fights.

These senior boys told The Tribune
that had it not been for the interven-
tion in their lives made by the pro-
gramme, they honestly believe they.
would have been in jail or dead. -

: One graduate explained that it is
‘common for a gang to call on the
younger members to do the “leg-
work”, whether it be breaking into
homes, dropping off a package of
drugs, or pulling the.trigger.

- He said the gang is “a family when
you have no family or your family just
ain’t there for you”. In some cases,











inspiring lecture on Ethics in the Workplace.














he said; boys have the responsibility of
providing for. the family with their

-mother because the father is absent

from the home. This causes them to go
to extreme measures to meet the
needs of younger siblings.
“School work, friends or your own
self-development become your last
priority,” he said.
' The mentors of the programme
took the time to focus just on them,
something that some of the boys nev-
er had in their entire lives.

Wilderness

Headed by petty officer Clarke of

“the Royal Bahamas Defence’ Force,

a group of RBDF officers spent six
months in the wilderness with them.

“It has not been easy these past six
months,” ce ad Rolle told The Tri-
bune.

“Trust me, these fellows have not
been easy to live with. We had fight-
ing, stealing and a lot of rough days.
We had to get up at five o’clock in
the morning every day. We had
kitchen and bathroom duties three

& Embroidery



@ JANET Russell, co-ordinator of the ministry’s “Fresh Start”
Programme and assistant director of youth, has nigh hopes
for the een

Tce EO Oe LY Ly YL a eee Loo)

@ LIONEL Elliott, a.presenter in the Ministry of
Youth’s “Fresh Start” Programme, gives an



(Photos by Felicity Ingraham/Tribune Staff

_ the girls —- wow!

times a day. There was ‘one for all
and all for one’ punishment.

“But then we had a lot of good days.
We had lots of good food to eat, andI |
made a lotiof good friends. There are
beautiful people here in Andros...and

7?

‘Enrique read the reflections on

behalf of the graduating class, having,
_ come there only being able to read at

level of a five-year-old. *
is co-graduate, 17-year-old Julian

Seymour, said his activities with gangs

brought him to the programme. He

‘said most of them had a hard few first

weeks because they did-not want to be »
there. But after learning skills in car-
pentry, plumbing, automechanics,
farming and diving; and after being
able to take examinations in math,
English and other subjects again; and
after learning self-empowerment and
job hunting skills, he has‘no regrets.

“This programme was good,”
Shakatori Thompson commented. “I
was trained in so many areas. I devel-
oped mentally and physically. I passed
all obstacles and I think this is a great
‘help to the youth.”

In April of this year, the junior boys
“passed out” of the programme after
spending three months in the wilder-
ness. They went on to be placed back
into schools,.even after being expelled.
Recommendations from the Ministry
and YEAST gave them a second
chance at an education.

However, something had to be done

to continue motivating the senior

boys, because they do not have a
school home to return to.

Hence, the Fresh Start programme
will help them to find jobs while reit-
erating the skills needed to become a
productive Bahamian citizen. a

Today, the programme begins a
week of community service.
Assistant Director of Youth Janet
Russell said that during the 14 weeks,
the students will be engaged in job
preparedness, community service, four
weeks of computer technology classes
at Government High School, and they
will then begin an internship pro-
gramme.

The government will pay them a
$100 stipend each week, while the
company they are placed with will pay
them an additional $75. At the end
of their tenure, the companies may
keep them on full time. But, accord-

SEE page 2C





THE TRIBUNE

PAGE 2C, MONDAY, JULY 18, 2005





THANK you for the excel- midst yet is still a lost sub- the mark.
lent item on the Oakes mur- ject to most of the younger Former police officer
der. As a young Bahamian generation? ecccce
professional, I am ashamed Did the Oakes family sus-



to admit that I know far less
about this case than I ought.
However, INSIGHT has giv-
en me some tantalising infor-
mation, and I can’t wait to

pect Foskett? I am told that
Lady Oakes was completely
taken in by this man, whose
greed was legendary.

Please write more about

I KNEW officers who ;
worked on the Oakes case. '
Harold Christie was the
number one suspect at the :
time, yet he was never inves-



Bi YOUNG boys listen attentively to Lionel Elliott’s lecture.

(Photo: Felicity Ingraham/Tribune staff)

a VE

slainiess Steel Grill including

ig

ainless §

oh
's from new until ll Augus at

feel utensil sel §

will be given to,
oi.

hear more. this case. am greedy forit. tigated. No-one involved ;
Nassau doctor Lena A, Palmdale thought Alfred de Marigny |
was guilty.

e00000 00000 Ex-Detective ‘
eoc0cce 4

THE article on Walter THE article on the Oakes :

Foskett and Sir Harry Oakes
. Was outstanding. Please can
-we hear more about this
case, which happened in our

murder was beautifully writ-
ten; very thought-provoking
and extremely controversial.
I also suspect.it was close to

I STILL think the Mafia

‘did it.

i
V Roberts ‘
i





FROM page 1C

ing to Ms Russell, the experi-

‘ence they would have gained

is invaluable.



She touted the programme
in Andros, saying that as a
social worker, she would have
been able to pick up on trou-
bles in each person.

However, she told the group

last week: “You don’t appear
7?

to be a troubled group to me!
After getting to know each

‘young man, she learned that |
-they came from backgrounds

that landed some of them in
jail and others at the Simpson
C Penn Centre for boys.

In fact, when The Tribune
visited the Fresh Start Pro-
gramme Friday, one young
man had just had his case
thrown out of court after a

favourable progress report.

from the programme.

Robert Black hailed Fresh

Start as a life-saver. He said

other young men should join.
“Doing foolishness on the

streets, smoking dope, robbing

' people — it gets you nowhere. I

was following friends, but they
are in jail today,” he said.

_ Added 16 year-old Renaldo
Woodside, giving advice to his
peers: “Don’t smoke, don’t
gamble, don’t drink.”

He said the programme has

. given him the inspiration -to be

a carpenter after learning skills
in.Andros.

Through Fresh Start, he will
learn how to put together his
resume and how to handle a
job interview. He will also
learn to give unselfishly
through community service
programmes.

When the boys were in
Andros, their true skills were

‘ put to the test when a fire con-

sumed a home. The residents in
North Andros reported that
these boys showed heroic abil-
ity and selflessness as they

helped older men douse the -

flames and secure residents to
safety.

While in Andros, their true
team spirit was also shown.
They formed a team and won
the basketball championship
there.

Ms Russell said that even

today, having left Andros, she

senses true camaraderie among
the group.

Lionel Elliott is one of the
programme’s presenters. Dur-
ing one of his lectures, he asked
the boys what they would do
if they went into a store to buy
$25 worth of goods, but the
cashier gave them change for
$100.

After listening to various
answers in the group, he told
them, “everything you do will
have repercussions”. For exam-
ple, that cashier will now have
to pay for that mistake out of a

if

salary that is probably small
and must stretch far. On thé
other hand, he added, “what if
it happened to you?” ‘ |

As.these young men make.
their integration back into soci-
ety with a new attitude and
new lease on life, Minister «

. Youth Neville Wisdom i is beg-

ging society to ‘ ‘give these.
young men a chance”.

He said his ministry’s next
goal is to house nearly 300
youths at the camp and in
attaining that goal, they will be

looking at selecting 40 “dis-

tressed” girls next.
Deputy Prime Minister Cyn-

thia Pratt knew some of the

young men graduating from the
programme. They came from
the “ghetto” in her St. Cecilia
constituency. ;

She told the parents: “These
are different boys; they havea
smile on their face. They have
been given a second chance.on
life. If we lose our young peo-
ple we would have failed. We
must be a forgiving nation.
God said he forgets when we
repent, but we always want to
tell them what they used to be.
We have to change that
because they are the ones who
will lead this nation in the .
future.” .

‘As the programme is set to

“begin anew in September, Dea-

con Jeff. Lloyd and the other
coordinators know they will
have to detox, revive and’
inspire a whole new set of
young men — but that’s what
they: have pledged to do. Hay-
ing conquered the first project,
they expect to excel as the pro-
gramme grows.

What is more challenging,
said Mr Lloyd, is for the stu-_
dents to effect what they have
learned. when they leave the
programme and go back to the
environment where their mis-
demeaning behaviours were
born.

Therefore, Councilor
Andrew Albury said the young:
men and their parents are invit-
ed to monthly meetings, where
progress reports will be made.

With all the focus on secur-
ing their future, how do the
boys feel?

“It changed us into better
people. It made us smarter, and
it makes me feel good,” said .
Marco Lord. ;

Owen Cox, who has decid-
ed he wants to be a civil engi-
neer added: “I learnt that you
can make an honest living
rather than the fast, easy life
of selling drugs. You don’t have
to worry about having the cops
on your back. In the end, work-
ing hard will pay off.” *.

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THE TRIBUNE



INSIGHT

MONDAY, JULY 18, 2005, PAGE ©

WTS GIN aa



i. REGISTRAR GENERAL Elizabeth Thompson omer
announced her resignation last week.

(Photo: Mario Duncanson/Tribune es



© «We are all saddened by the
death of Rev Nottage. He

played an integral role in the
treatment of AIDS patients,
éspecially dispossessed patients.
His (Rev Nottage’s) All Saints
Camp played a very important
role in our care and treatment

rogramme so we are very sad-
dened by the loss. I know he,
through his vision had many

lans to expand and enhance
the centre, and we would like
to know the service there would
continue.”

— Minister of Health Dr

arcus Bethel on the death
Rey Glenroy Notiage.

: e©ee000
“If you'll continue to sit down
here, you talk about Indepen-
dence, if you continue to sit
“down here and let all these ille-
“pal immigrants come into our
,country and take over, one time
.We are going to be celebrating
i “Independence on Clifford Park
“and the bulk of the stuff will be
.In Creole.

“If you stay here and just let
everybody come in, everybody
“come in, nobody is saying noth-
ing, this one running to the
Bahamas...

“That’s. why CSME was not

reed for us. We can’t handle

reedom of people moving up

fand down to work in the





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









Bahamas from other Caribbean
countries. We can’t handle it.
We are overloaded now.”

— Baptist preacher Bishop
Neil Ellis’ delivered a fiery ser-
mon on “Bahamian Freedom”
during a Sunday service over
the Independence weekend.

“Unless the government says
otherwise I believe Mr (Leslie)
Miller signed onto PetroCaribe
without the express authoriza-
tion from the Cabinet. This. is
based on comments I have had
from sources.”

— Former MP Zhivargo

Laing on the Bahamas signing

1999 Toyota Camry, low miles
cy

overnment

remained tight-

lipped last

week in the

face of growing
concern that Trade and Indus-
try Minister Leslie Miller might
have signed the PetroCaribe
agreement without Cabinet
approval.

Former Cabinet Minister
Zhivargo Laing told The Tri-
bune last Thursday that unless
government explicitly tells the
public that Minister Miller
signed the agreement without
Cabinet consent it is fair to
assume that “we may be send-
ing signals to allies that we are
having a shift in foreign policy”.

Venezuela has agreed to sell
crude oil and petroleum prod-
ucts to Caribbean countries at
concessionary rates as part of
the PetroCaribe agreement.

PetroCaribe, the brainchild
of Venezuelan President Hugo
Chavez, is designed to reduce
the effects of high oil prices on
the region by offering the ener-
gy-dependent islands petrole-
um products at reduced
costs.

. Trinidad and Tobago as well
as Barbados have refused to
be part of the pact, which
Trinidad and Tobago fears

could erode its Caribbean mar: .

ket.
Both Foreign ‘Atuite Minis-
ter Fred Mitchell and Prime

Minister Perry Christie have

refused to comment on the
matter.

oi os fe 2 a

A FORMER PLP. MP has
called for an immediate mora-
torium on all migrants into the
Bahamas.

‘And a former minister of
immigration has warned that if
the Bahamas continues on its
current trend, it will be overrun
with Haitians in the next 20
years.

Former MP Dr Elwood
Donaldson said government

needs to puta moratorium on ~




onto the PetroCaribe oil agree-
ment with 13 other Caribbean
nations.

“We must demand action

from our leaders. We pay them:

good money to guard our bor-
ders, protect our heritage and
allow us to enjoy the full fruits
of the Bahamas.”

— Former MP Eldwood

Donaldson speaks on the illegal

immigration during a meeting
convened by the Civil Society
to address the topic.



















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all immigrants save those need-
ed for vital government prob-
lems. He suggested that there
be a 30-day amnesty to allow
immigrants to ensure they have
their documentation, then all
those in the country illegally
should be sent back to their
homeland.

Mr Loftus Roker said that if
even half a million people from
Haiti, a nation of eight million,
descended on Bahamian
shores, they would outpopu-
late residents.

ook kek ok

REVEREND Glenroy Win-

ston Nottage, director since
1990 of the All Saints Camp of

_John the Divine that provides
shelter and support for AIDS -

victims, died last week. He -was

Rev Nottage had been in the
Intensive Care Unit of the
Princess Margaret Hospital
since June. He died at 10.30am
Sunday, July 9.

Rev Nottage moved his drug
and AIDS recovery pro-
gramme from the Old St John’s
College campus on Market
Street following arguments
with the Anglican Church over
the way he operated the pro-
gramme at the property.

Because of accusations of
abuses at the camp, the Min-
istry of Health in 1995 threat-
ened to take over the opera-
tion of the camp and evict per-
sons from. the institution.

However the camp has been
a place of refuge for many who
suffered from the virus and

“who had no family members

willing, or capable of caring for
them.

. The All Saints Camp is a,

non-government agency fund-
ed predominantly by donations
from charitable organisations,
groups and individuals.

Government has said it.’
-hopes the work of the camp

would continue, despite Rev

. Nottage’s death.

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THE controversial Bishop
Neil Ellis caused another stir
last week when he told a con-
gregation that if Bahamians
continue to turn a blind eye to
the illegal immigration prob-
lem they could soon find them-
selves celebrating the.country’s
independence in Creole.

Bishop Ellis, the senior pas-
tor of Mount Tabor Full
Gospel Baptist Church, made
the comments in a fiery ser-
mon on the topic of “Bahamian
Freedom”. The text was taken
from Luke 13, verses 10-17.
The nation also celebrated

Independence on Sunday, July
10.

The Baptist preacher. con-
demned any move by govern-
ment to pressure Bahamian
teachers into teaching children
born in the Bahamas of Haitian
parents, in Creole.

And Bishop Ellis warned
Bahamians that if something is
not done with the illegal immi-
gration problem, especially the
large numbers of Haitians liv-
ing in the country, then future
generations of Bahamians may
find themselves fighting for
freedom in their own country.

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PAGE 4C, MONDAY, JULY 18, 2005

THE TRIBUNE





DESOLATION

CANYON

The Tribune



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vw Copyrighted|Material

-_ —_ —
‘Available from Commercial News Providers”

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THE TRIBUNE

MONDAY, JULY 18, 2005, &2

Giz 5C







“SUNDAY, JULY 17,2005 | THE MIAMI HERALD



COMMENTARY

ISNEOS



“Copyrighted Material

Syndicated Content
Available from Commercial News Providers”














pine In the half century since its firs
— theme park opened in Anaheim,
. ~ Calif., Disney has been a highly visible —
. barometer and shaper of the U.S.
— psyche. But as one critic says, ‘the
creative flame at the heart of the :
‘ : place is flickering rather dimly at this THEME PARKS? ALLURE: The Disni
: - magic charms guests around the
— point 3 : world as well as in Walt Disney
a . World at Lake Buena Vista.
7 BY EVELYN McDONNELL
emcdonnell@herald.com
n 1955, President Dwight Eisen-
hower ruled over an America
flush with consumerism and rid-
dled with fear of the Soviet Union.
Rosa Parks set the civil rights move-
ment marching, and Dr. Jonas Salk
discovered the polio vaccine. Elvis
- = Presley and Marilyn Monroe were

earthy, sexy stars. And on July 17 in
Anaheim, Calif., Walt Disney unveiled
a whole new world of make-believe
family fun: Disneyland.

“Tt just totally knocked my socks
off, even though it was so incom-
plete,” says Wanda Martin, 63, a.
Stockton, Calif., bookkeeper who vis-







OPINION PAGE

PRESS VS. WHITE HOUSE: With one
of its own locked up, much of the.
Beltway gang has declared war on
the White House, 3C.

AWOL BUT EARNING: Members of

Congress get paid whether they’re
there or-out on the campaign trail,
despite a law that says otherwise, 3C











RAUL RUBIERA/HERALD STAFF



ited the self-anointed “happiest place
on earth” two months after it opened.
“Main Street was wonderful, and all
the land — it opened up into prom-
ise.” :

Fifty years later, President Bush
rules over an America obsessed with
property values and terrorism alert
levels. Rosa Parks remains absurdly
locked in battle with progressive hip-
hop group OutKast, and there’s no
cure for AIDS. Tom Cruise and
Madonna peddle religious sects. And
the Walt Disney Co., which for much
of the previous century was practi-
cally synonymous with popular cul-
ture: Well, where exactly is it?

° TURN TO DISNEY, 2C

wi HERALD.COM: MAN’S VISION TRANSFORMED THE U.S. FAMILY VACATION;
THEME PARKS AND ATTRACTIONS HAVE COME A LONG WAY SINCE 1955.











Be 1 SUN Ate AOS

PAGE 6C, MONDAY, JULY 18, 2005

INSIGHT

THE TRIBUNE.





ISSUES & IDEAS

COMMENTARY

THE MIAMI HERALD

Disney magic waning?

* DISNEY, FROM 1C

“The creative flame at the heart
of the place is flickering rather
dimly at this point,” says James B.
Stewart, author of Disney War, a
book, published this spring, that
details the corporate doings and
undoings that have overtaken Dis-
ney’s public image during the
last two decades.

Disney has been a highly
visible barometer and shaper
of the American psyche since
brothers Walt and Roy began
making cartoons in the 1920s.
Its impact reaches
around the globe,
where it’s an icon
of Americanism —
of opportunity and
youthful imagina-
tion, as well as of
commercialism and —
cultural imperial-_
ism. It’s the com-
pany some love.
fanatically and oth-
ers hate with equal
passion.

sions with some
ple in Eastern

ologist who serv
_ cultural attaché t

Romania in 1990-§
Before the 89 revolu-
tion, Martelsays,
Romanians couldihave |
been jailed for wearing |
Mickey Mouse T-shirts.
“With them I realized, at that
time, how Disney was a sym-
bol of liberty and freedom.”

Back home, intellectuals have:
often been less kind to the mouse
house that Walt built. In 1968, New
Republic writer Peter Michelson
accused Disney of being head of “an
international happiness conspiracy”
and a man who “made images for
the mind on Vacation.” Three.dec-
ades later, The Herald’s Carl'Hiaa-
sen, in his book Team Rodent, saw
the company as the face of good and
evil: ‘Disney is so good at being
good that it manifests as evil: so uni-
formly efficient and courteous, so
dependably clean and conscien-
tious, so unfailingly entertaining
that it’s unreal, and therefore is an
agent of pure wickedness.”

Disney’s influence and its image
have risen and fallen with the times.

THEME PARKS’ MILESTONES

@ 1955: Disneyland opens in
Anaheim, Calif.
@ 1957: Disneyland marks
10-millionth guest
@ 1959: First urban monorail
system in U.S. opens at
Disneyland
@ 1971: Walt Disney World
opens in Orlando
@ 1975: Space Mountain,
Magic Kingdom’s first thrill
ride, opens at Walt Disney
World
@ 1988: Grand Floridian
Beach Resort, first new
: Disney hotel in 15 years,
i opens at Walt Disney World
@ 1991: Magic Kingdom’s
Main Street Electrical Parade
ends
@ 1994: One-billionth guest
recorded at Disney theme
: parks worldwide
| @ 1994: 20,000 Leagues
' Under The Sea attraction
closes at Magic Kingdom in
Orlando
@ 1996: Celebration, Disney’ s
residential town, opens
® 1996: Disney Institute for
learning vacations opens at
Walt Disney World
@ 1998: Disney Cruise Line
debuts
| @ 1999: Horizons pavilion
| closesat WDW's Epcot;Test |
| Track ride replace World of i
| Motion at Epcot; Cirque du
: Soleil show opens at
: Downtown Disney
! @ 2000: Disney Institute
| closes
' @ 2001: Soarin’ Over |
: California ride debuts at
| opening of Disney’s California |
: Adventure
| @ 2003: Mission: Space ride |
| opens at Epcot i
| © 2005: Total number of |
: visitors at all parks hits two |







o



: billion
i . - Herald Staff






















































RAUL RUBIERA/HERALD STAFF

CAPITALISM AND CULTURE: Disney’s beloved sHarseters are seen on all sorts of Poredueks. Walt Disney
did from the Beginning realize, and some would say overpromote, the power of merchandising.




As goes Mickey, s so goes, e coun-
try. And lately, Disney ‘has been in
trouble. Epic boardroom struggles
have crippled the company cre-
atively — a metaphor, perhaps, for
how greed is choking our culture at
large.

Maybe Disney is in one of its
down times, or maybe its hold on
the world’s imagination has been
forever loosened.

PRIDE OF PLACE

From.its inception, Disney per-
sonified a sentimental pride of
place. Son of a struggling working-
class Protestant family, Walt Dis-
ney recreated in Disney movies and
in Disneyland’s Main Street USA an
idealized version of his Midwestern

- small-town upbringing, which in

truth was only a small portion of his
childhood (he grew up primarily in

cities). The inventive dreamer and —

drawer made his fortune out of
spinning such fantasies.

Walt and Roy moved to Holly-
wood in 1923 and began making ani-
mated shorts for Disney Brothers
Studio. Walt was the original “ima-
gineer,” as Disney’s creative staff
came to be known; Roy held the
company together financially — an
often-impossible task. By the ’30s,
Walt’s creation Mickey Mouse had
become world famous.

“There are a couple of different
explanations for why Disney took
the country by storm and became

. so influential in so many ways,”

says Steven Watts, a history profes-
sor at the University.of Missouri
and author of The Magic Kingdom:
Walt Disney and the American Way
of Life. “The quality of his work was
superb.... There was a sparkling
creativity that was fresh and attrac-
tive and wonderful in many ways.”

Disney was also an expert zeit-
geist surfer. “I found that Disney
served as a kind of historical media-
tor for many decades in that I think
he helped Americans come to grips
with changes in their society
through his work,” Watts says.
“The great popularity of Mickey
Mouse in the ’30s, a lot of that has
to do with the Depression and the
way in which Mickey Mouse served
as a kind of everyman. In the early
cartoons Ifoundin many casesa _
subtext of the heroic, ordinary, lit-
tle person surviving against the
odds, the elements.”

Disney was also skilled at riding
and directing the waves of prog-
ress. Among other things, he real-
ized early on how important sound
films would become. He was a pio-
neering independent filmmaker,
refusing to sell his company to the
established Hollywood studios. In
the ’50s, as television took hold, he
became a familiar face in American

isasdhialds as host ot Disneyland,
aka Walt Disney Presents. And with
Disneyland, he invented the Ameri-
can theme park. :

“Tt introduced an entirely new
concept in outdoor entertainment,”
says Tim O’Day, director of print
and online publicity for Disney-
land. “It was the first immersive
three-dimensional storytelling
experience. Walt Disney wanted to
create a place where family and _

' friends could gather in a clean, safe
environment. .,. He was.also
looking for some kind of amuse-
ment where he could bring his sto-
ries to life.”

“We had a wonderful time,”
recalls Martin. “I didn’t know what
to expect. I’d only been to fairs. So’
Disneyland was a new experience.”

POLITICS CHANGED

Opening celebrations were
awash in words and images of patri-
otism. Walt’s politics had changed
with the times. The son of a social-
ist and onetime champion of the lit-
tle guy had been soured by a studio

- strike in the ’40s. He became an
ardent anti-Communist and friend
of J. Edgar Hoover’s FBI.

Disneyland required workers to
follow strict dress and decorum
codes.

“In some fashion, Disney saw
Disneyland, and other people saw it
even more, as an idealized version
of what America could be,” Watts
says. “It was a kind of urban reform
experiment where you could create
a make-believe entity that was
wonderful and attractive and thou-
sands of people could come into it
and have wonderful experiences.

. It was a utopian vision of subur-
ban America.”

Disney took this imaginative
social experiment even further in
the ’60s, when he conceived Walt
Disney World. His visions for the
park included.a model community
called EPCOT Center. Walt died in
1966, before Disney World opened,
and EPCOT became an attraction
dedicated to futuristic technology.
But his ’60s utopian vision came to
fruition of sort in the.’90s, albeit
more as a yuppie real estate
scheme, when the Disney-created
Florida town Celebration was
founded.

Even some of Disney’s support-
ers see the company’s attempts to
remake, rather than just reimagine,
the world as having gone too far.

“A big weakness of Walt’s is that
he had next to no understanding of
politics,” Watts says. “I don’t think
he ever realized that to make some
place like Disneyland come to frui-
tion you needed a kind of dictator
— the dictator of the happiest place
on earth. That’s the dangerous side
of the Disneyland dream. It’s a



technocratic vision that’s very
shimmering and attractive but
doesn’t jibe with political real-
ities. There’s no room for democ-
racy.. ,

GLORY REGAINED

No one denies that the company
lost its way in the years after Walt
died. It wasn’t until 1984, when
Michael Eisner took over as chair-
man and chief executive, that the
company that had made Snow
White and the Seven Dwarfs, Sleep-
ing Beauty, Mary Poppins and The’
Jungle Book regained some of its
former glory. In part thanks to stu-
dio head Jeffrey Katzenberg, Dis-
ney produced some of its finest
films in the late ’80s and 90s:
Beauty and the Beast; The Lion
King; Toy Story. The company also
became a powerhouse of more
mature movies, most notably by
acquiring Miramax Films.

But by the end of the century, .
Eisner’s empire was falling apart.

_ Miramax founders Harvey and Bob

Weinstein left; the animation whiz
kids at Pixar have said they too will
split.

“A crucial thing was when Eis-
ner decided, listening to various
advisors, that Disney was a quote-

unquote growth company that was

going to generate 20 percent earn-
ings gains a year in perpetuity,”
Stewart says. “Now Disney had’
accepted the embrace of Wall
Street, was obsessed with stock
price, and was just another big cor-
poration.”

Stewart says that bottom-line
obsession “is as far afield from
Walt as you could possibly get.”
Even after his success, Disney .
never got caught up in the trap-

” pings of wealth or sweated budgets.
“He certainly didn’t care about

quarterly profits,” Stewart
_ says.

But Disney did from thé
- beginning realize, and some

would say overpromote, the

power of merchandising.

‘Watts recalls stepping off a

- train in Rome, anxious to

see the classic sights, and

immediately spying a

- Mickey Mouse T-shirt

-and the McDonald’s
golden arches instead.

. “The thing about the Dis-

ney phenomenon that I

: found a little unsettling is this

“tremendous commercialization

of the Disney image and prod-
uct that just seemed to be the
blob that ate Tokyo,” he says.

Or as film critic Richard
Schickel wrote in his 1968 book
The Disney Version: The Life,
Times, Art and Commerce of Walt

Disney: “As capitalism, it is a
work of genius; as culture, it is
mostly a horror.”
Eisner’s role:at Disney as chair-
man is now mostly titular,andby ...
. September will be history. Rob-
ert Iger, a Disney vet-
eran, is the new
chief executive.
“Iger’s very nice,”

. Stewart says.

' “Be’s very unlike
Eisner in many
ways; he would
have to be to sur-
vive. He likes to
say he’s the real
survivor. The
question is, can
you go from being |
a survivor to
being a leader?”

| CREATORS NEED FREEDOM’ —

Disney needs to revive its cre-
ative core, animation and amuse-:
ment parks, to become the com-
pany it once was. Along with the
happiest celebration on Earth, Dis-
ney is preparing to open its first
amusement park in Asia, in Hong
Kong, in September. An animated
movie, Chicken Little, is scheduled
for Nov. 4 release.

“Hollywood businesses flirt with
wanting to make lots of money,”
Stewart says. “It never really
works. No one’s found a formula
where you can take the entertain-
ment industry and make a reliable
profit. Investors have to accept
there are going to be highs and
lows. In the end, creativity drives
the company.”

“The entertainment industry is
not the food industry,” Martel says.
“Michael Eisner tried to run Disney
as Wal-Mart. He did succeed on the
corporate synergies, business side,
but he failed on the personal level,
on the human factor. Creators need
freedom, and you don’t buy ideas
just with money. You have to
respect them and to keep them with
you.”

Observers are watching Disney
not just to see how the company
thrives, but because for so long,
we've seen ourselves — our very
dream lives — reflected in it. Amer-
ica is like a child, it’s been said, and
Disney under Disney presented the
best qualities of children: wonder;
imagination; innocence; lack of
irony; lack of pretense.

“Those early Disney characters,
Walt had an ability to tap into the
psyche of child development,”
Stewart says. “He never knew a
thing about psychology per se, but
he had some kind of intuitive
understanding of the role and the
‘grip on children’s imaginations of
these fable and fairy tales.”

CASTS A SPELL

. Shined and polished for its anni-
versary celebration, Disneyland
still casts its spell as the Magic
Kingdom. Disney designed the
attractions so the lines never felt
long; there was always something
— or someone dressed as Winnie
the Pooh — to distract. Whereas
other amusement parks seem to
foster overstimulated, stressed-out
families, a reporter on a recent visit
to Disneyland saw only one such,
nuclear meltdown. Everyone else
was, well, if not the happiest, pretty
happy.

Martin, wearing a Tinkerbell hat
during a visit to the park in April,
has gone almost every year since
the first of her six children was
born. “I’m impressed with the qual-
ity, that they keep improving. ..

It’s mostly still family oriented and
that’s important.”



,~~——

|HE TRIBUNE . epenieeaee

oe INSIGHT

NT ec chee a aaa ee ee et ee ee eee

OPINION |

JESUS DIAZ JR., PUBLISHER | TOM aden EXECUTIVE EDITOR | JOE omnes no PAGE a aoe KNIGHT (1909- si



JOHN S. KNIGHT (1894-1981)



CONGRESS

Our reps earn
even when absent

BY BRONWYN LANCE CHESTER
bronwyn.chester@pilotonline.com

I aws, it seems, are fine for the

hoi polloi. But when it comes to -

Congress — Ground Zero for inces-
sant bleating about “the rule of law”
— some codes are mere formalities
to be ignored.

Take the pesky “No work, no
pay” law. For you legal eagles, that’s
in 2 U.S. Code Section 39.

The 1856 law is both sensible and
straightforward: If a member of
Congress is absent for reasons other
than official business or personal or

family illness, he will be docked one

day of salary for every day
missed.

In other words, to get
paid, you have to come to
work.

It makes sense in a busi-
ness where, in order to pass
legislation, you actually
have to show up and vote.

But in our age of perpetual cam-
paigns, more politicians are going
AWOL from their day jobs to seek

- better ones. It’s the political equiva-
lent of leaving a coat. draped over

. the choicest seats in the movie the-
ater.

Instead of resigning to seek

higher office, or waiting until their .
terms are finished, these politicians :

are drawing their full paychecks —
$158,100 last year — for work missed
in Washington while pressing flesh
elsewhere. .-

Not only is it unethical to get
paid while denying congressional
representation to constituents, it’s
also — how to put this delicately? —
illegal. But clever senators are try-
ing to fix that stumbling block, not
by following the law, but by
exempting themselves from it.

Tucked away in the Senate’s leg-
islativé-spending bill is a provision
to relieve senators from the annoy-
ing obligations of a law most regard
as a mere formality. Or as Pete
‘Sepp, spokesman for the National
Taxpayers Union, puts it: “Their
, View is, if you. can’t join the law,

"beat it.”

No wonder. Turns out some real
stars in the political stratosphere
appear to have run afoul of this par-
ticular rule and kept the unearned
dough. According to NTU, a non-
partisan advocacy group that scruti-
nizes government spending, Sen.
John Kerry, erstwhile Democratic
presidential contender and gazil-



CHESTER

lionaire, missed 146 days of work in
2003 and 2004, and was overpaid
$91,000; chump change if you have
access to Teresa’s PIN number.
Other reprobates: Sen. Joseph
Lieberman, who skipped 54 percent
of all Senate votes in 2003 and was

. overpaid $39,000. And former Sen.

John Edwards, slammed last year by
Vice President Dick Cheney for
playing hooky from the Senate,
missed every single vote during
July, September and October of
2004. That netted him $64,000.

Because of their wide-open field
in the presidential race, Democrats
were the worst offenders of the past
two years. But some Repub-
licans gave them — pardon
the pun — a run for their
money: Former Republican
congressman Jim DeMint
missed 37 days of work in.
the House while campaign-
ing for a South Carolina
Senate seat; he received
$23,000 he didn’t earn. Ditto for
Pennsylvania’s .Rep. Patrick
Toomey, AWOL for 19 days; that’s
$12,000.

No such rule binds President
Bush; in fact, Air Force One regu-
larly doubled as his campaign plane.

Of course, $91,000 here and
$12,000 there amount to little more
than budget dust. But when the $8
trillion federal debt means every
man, woman and child is in hock for
$26,000, every penny counts.

Further, the law is a formality
only in the offenders’ minds. Your
average armed robber or:car thief
probably uses a similar rationaliza-
tion. The difference is, unlike politi-
cians, they don’t have the power to
change inconvenient laws.

Pity poor House members, who
didn’t think to include a similar pro-
vision in their spending bill. If law-
makers have an ounce of shame in
their bones, they’ll block the repeal
attempt from the final version.

But the House was surely
cheered by its nice automatic pay
raise two weeks ago. After all, it’s
hard work griping-and-grinning
with school groups, refilling the ink-
well on the Autopen and mailing
form letters to constituents.

Yes, laws are for the little people.
Apparently, belt-tightening and
shared sacrifices are too.

Bronwyn Lance Chester is a col-
umnist for The Virginian-Pilot in
Norfolk, Va.

“Copyrighted Material







Press corps vs. White House

' BY MICHAEL GOODWIN
- mgoodwinedit@nydailynews.com

I t’s a civil war in Washington.
The combatants have an eye-
for-an-eye mentality. The parti-
sanship is heated and nasty.

Republicans versus Demo-
crats? Nah. This one pits. ne
media against the g
White House.

It’s a war the
media can’t win,
and shouldn’t

wage.
The grilling
that White

House reporters . GOODWIN
inflicted on presidential spokes-
man Scott McClellan last Monday
over whether political guru Karl
Rove leaked the name ‘of a CIA
operative was no ordinary give-
and-take. It was a hostile hector-
ing that revealed much of the
mainstream press for what it has
become: the opposition party.
Forget fairness, or even the
pretense of it. With one of its own

- locked up — Judith Miller of The

New York Times — much of the
Beltway gang has declared war on
the White House. .

Reporters | apparently have
decided Democrats aren’t up to
the job. Can’t blame them.

That the mainstream media

are pe liberals with press





passes has been documented by
virtually every study that mea-
sures reporters’ political identifi-
cation and issue positions. But
bias has now slopped over into
blatant opposition, a stance the
media will regret. Instead of pro-
viding unvarnished facts obtained
by aggressive but fair-minded
reporting, the media will be
reduced to providing comfort
food to ideological comrades.

Already held in lower esteem
by the public than lawyers and
Congress, the press risks looking
like a special interest group. Its
claims to represent “the Ameri-
can people,” as one McClellan
inquisitor did, are easily ignored
when it serves as an echo cham-
ber for the anti-Bush.

Indeed, as soon as Monday’s
bash-by-press session ended, Sen.
John Kerry, D-Mass., called on
Rove to resign. If everybody
resigned when Kerry demanded
it, Washington would be empty.

In fairness, the media have
many reasons to feel frustrated.
The Bush White House has not
only restricted information, but
has aggressively moved against
traditional press privileges. In the
past year, about 25 reporters have
been subpoenaed or questioned
in courts about their sources,
according to the Newspaper
Association of America.



Syndicated Content

Available from Commercial News Providers”

The most famous case has
seen The Times’ Miller sent to
prison for up to four months after
she refused to disclose who in the
government talked to her about
CIA agent Valerie Plame.

A federal prosecutor is prob-
ing whether a crime was commit-
ted by someone who blew
Plame’s secret status. Rove has
emerged as the latest press sus-
pect; his lawyer denies any
wrongdoing.

Miller — a former colleague of
mine — has taken her punish-
ment with grace. Her husband,
book editor Jason Epstein, told
Editor & Publisher magazine, ,
“She was quite prepared to take
the consequences and the judge
had no choice, she understood
that.” Epstein said Miller believed
she had to protect her source,
even if that meant jail.

“I don’t see how it could have
been avoided because the law is
the law,” he said. “She exhausted
her appeals and had no place left
to go.”

‘What a refreshing, adult point
of view. Here’s hoping it spreads.
Then the press can get back to
reporting on the president
instead of fighting him.

Michael Goodwin is a colum-
nist for The New York Daily
News.



ere]








4 | du)
| i “Copyrighted Material
~~ @ Syndicated connsethe

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BAHAMAS EDITION







Volume: 101 No.193



US

~ Minister denies he signed
- PetroCaribe agreement
without Cabinet approval

a By RUPERT .MISSICK Jr
“Chief Reporter

“MINISTER of Trade and
Industry Leslie Miller yester-
day denied that he signed onto
the PetroCaribe agreement
without Cabinet approval, and
hit out at his critics for trying
to place a “wedge between the
Bahamas and the United
States’/ 7

Mr Miller told The. Tribune
Sunday that the agreement has
gained tremendous support
throughout CARICOM and the
Bahamas would be foolish as a
- non-oil producing country not
to take advantage of the bene-
fits of PetroCaribe.

He said the agreement “has
exceeded the expectations of
every leader in the Caribbean”.
': ‘Last week, former, Cabinet
Minister Zhivargo Laing raised
concern that government had
not confirmed whether Mr
Miller had signed the Petro-
Caribe agreement with the
approval of Cabinet. Mr Laing
said this'could.“send signals to
allies that we are having a shift
in foreign policy”.

PetroCaribe, the brainchild
of Venezuelan President Hugo
Chavez, is designed to reduce

the effects.of high cil prices on -

the region by offering petrole-
um products at reduced costs. -
Mr Laing said that his con-
cern is that Mr Chavez and
Cuban President Fidel Castro,
who is also a major signatory
to the agreement, represent a
style of governing that is direct-
_ly opposed to the kind of gov-

ernance that the Bahamas and

its allies endorse.

However, Mr Miller said that

this argument was “intellectu-
ally dishonest” because the
United States obtains 40 per
cent of its fuel from Venezuela,
despite its strong criticism of
Mr Chavez’s’ governance.

“This is politics, just politics.
What these critics are doing is
trying to drive some kind of
wedge between the Bahamas
and the US. What Mir Laing and
these other critics don’t under-
stand is that 13 countries signed
that agreement along with the
Bahamas. Why would we be
singled out? What is also being
missed is that the fuel consumed
by Bahamians provided by
Shell, Esso and Texaco comes
out of Curacao from PDVSA,
which is the national oil com-
pany of Venezuela,” said Mr
Miller.

It has been suggested by
some international analysts that
PetroCaribe may be more than
just an agreement to supply. the
member nations with cheaper oil.
They say it could be the first step
towards the establishment of a
free trade arrangement.

Analysts in the region have
raised the question whether
PetroCaribe will eventually lead
to the creation of the Bolivarian
Alternative for the Americas
(ALBA), an-alternative to the

. US-led push for the establish-
_ ment of the Free Trade Area of

the Americas (FTAA).
Mr Miller dismissed this claim

"as an attempt by his critics to

create friction “where there is

‘none”. He said the Bahamas

must do w==hat is in its best

SEE page nine

MONDAY, JULY 18, 2005



THE Royal Bahamas Police Force took the time to salute retired police officers with
a special service at St Agnes Anglican Church, Blue Hill Road. Sunday’s service was
a show of appreciation for years of service and devotion and marked the first of what
is hoped will become an annual event. Two trumpet players are pictured playing i na

salute to the retirees.

(Photo: Mario Duncanson/T. ribune staff) ‘



NSTTVLU NNT THOTT Ceo

report expected this week

@ By RUPERT MISSICK Jr
and KARIN HERIG

Tribune Staff Reporters

THE advisory panel
appointed in the plagiarism
case of College of the
Bahamas president Dr. Rod-
ney Smith is expected to com-
plete its report this week,
Anglican Archbishop Drexel
Gomez told The Tribune last
night.

The Archbishop, a member
of the six-member panel
which includes international
experts, said that the group is
“very close” to coming toa
conclusion in its deliberations.

“T suspect that it will be
completed this week,” he said.

Although Archbishop
Gomez could not reveal the
details of the panel’s findings,
he said that. he was “satisfied
so far” with the work and the



expected outcome that the
group had achieved.

He added that before the
report is made public, it first
has to go to the college coun-
cil.

And the Archbishop said
that he is confident that the
panel’s work will lead to the
“betterment” of COB.

After Mr Smith admitted
that he plagarised a portion
of a speech he delivered at the
college’ s honours convocation
in late May, an emergency
meeting of COB’s council was
held on June 6. It was decided
that the college should
address and “acknowledge
fact of plagiatism forthrightly
and honestly”.

Dr Smith’s admission also

sparked calls ‘for his resigna-
tion, and support from some

SEE page nine



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Five-year-old
girl found
dead in pool

‘By KARIN HERIG
Tribune Staff Reporter

THE body of five-year-old
Alexandria Bullard was discov-
ered submerged in a pool at the
Sandyport complex on Satur-
day afternoon, police reported

_ yesterday.

The little girl was immediate-
ly rushed to the hospital but was
pronounced dead shortly after.

Press liaison officer Inspec-

-tor Walter Evans-said Sunday
that Alexandria, of Bimini
Avenue, was attending a pool
party when the’ accident
occurred around 5pm.

Mr Evans said that he could
not confirm if the girl had been
properly supervised at the time
of her drowning, as investiga-
tions are still in the initial stages,
but added that there were at
least two adults present at the
gathering.

“It was a shock to the par-
ents, it’s a great tragedy,” he

’ said.

Police are now appealing to
parents to take extra care when
supervising: their children
around water.

“Especially for the remain-
der of the summer holidays, we

SEE page nine

Move to prevent further
Isle of Capri job cuts

@ By RUPERT MISSICK Jr
Chief Reporter .



nt



A REVIEW of the fees and taxes: imposed on the Isle of Capri
Casino is underway in an effort to help the property through a dif-
ficult financial period, Tourism nee Obie Wilchcombe told The
Tribune yesterday.

Government, Hutchison Wiistipos and the Grand Bahama Port
Authority are in talks with the Isle of Capri in hopes of preventing
further job cuts on the already economically troubled island.

The resort laid off 45 casino workers last week and speculated
that further layoffs may be on the horizon.

The layoffs come at.a time when thousands of hotel workers on
Grand Bahama are still unemployed because of the closure of the
Royal Oasis Resort following last year’s hurricanes.

The casino, which opened in 2003, employs more than 300 work- -
ers on the island.

Mr Wilchcombe said discussions between the Isle of Capri, gov-

' ernment, the Grand Bahama Port Authority.and Hutchison Wham-

poa may result in a turnaround for the resort.

“We are looking at their situation and reviewing it. We under-
stand what their concerns are and we are finding a way ahead and
building on a relationship that will be beneficial to both sides.
Our concern is for the Bahamian people and my concern is what-do
we do for them, because when one Bahamian hurts everyone

SEE page nine

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PAGE 2, MONDAY, JULY 18, 2005





HUNDREDS of family
members, government officials,
friends and well-wishers gath-
ered at Christ Church Cathe-
dral on Saturday to pay their
respects to the late Father R F
Anthony Roberts.

The former labour leader,
parliamentarian, cabinet minis-
ter and diplomat died on Mon-
day, July 4 following a brief ill-
ness. He was 73.



Former deputy prime minis-
ter A D Hanna described
Father Roberts as a great
Bahamian hero whose talents
and efforts were pivotal to the
emergence of a modern
Bahamas.

“For Father Roberts, the dis-
tinguishing characteristics
behind these efforts were the
single purpose of fulfilling his
desire to serve his people,” said

LOCAL NEWS

Mr Hanna during his remarks at
the state funeral. ;

Father Roberts had a very
interesting career, making his
mark as the first formally
trained labour leader in the
Bahamas.

His involvement in the trade
union came at a time when the
conditions of many workers of
the Bahamas cried out for social
and economic redress and for



ar

equity and fair play in employ-
ment practices, said Mr Hanna,
who listed him among stalwarts
in the labour movement, such as
Preston Albury, Cadwell Arm-
brister, Slmeon Bowe, Carlton
Francis, Artemus Cox and Sir
Randol Fawkes.

Defeated in his first attempt
for the House of Assembly, he
was eventually elected in 1968
for what was then the Centre-
ville seat, which he held until
his retirement from politics in
1977.

In government he held sev-

eral important portfolios and

among his Cabinet posts was
agriculture and fisheries and
local government.

Two of the initiatives he
would be remembered for as
Minister of Agriculture and
Fisheries, said Mr Hanna, was
the introduction and imple-
mentation of the BARTAD
venture in North Andros in col-
laboration with the US govern-
ment. This venture introduced
modern and efficient farming
techniques for farmers around
the Bahamas.

The second initiative was the
intensive upgrading of scores of
Bahamians who went on in
some instances to obtain degrees
in agriculture and fisheries, and
other specialised areas.

“Many of our finest scientific
and technical minds in the pub-
lic service today owe their start
to the late Anthony Roberts
during his tenure as Minister of
Agriculture and Fisheries, said
Mz Hanna.

In 1977, Father Roberts was
appointed as the country’s third
High Commissioner to the UK,
and served the’ Bahamas with-
out fanfare but with great dis-

. tinction, added Mr Hanna. -

When Father Roberts retired
from politics he took this time
to prepare himself for service
in the Anglican church.

: Following his ordination he
served in several parishes.

“Many persons were baffled
as to how.a man who had exer-
cised authority and power for

-Many years could now perform

a role which. many saw as being
of the far lesser influence,” said
Mr Hanna. “But knowing
Father Roberts as I did togeth-
er with others who knew him
well, we saw that in this new
role his life of service was being
fulfilled and that it was for him
great joy and unspeakable hap-
piness to devote himself to
God’s service.”

Minister of Finance James
Smith, in his tribute, said: “They
say he was an extraordinary

politician, in the sense that'he.
did not fit the usual mold. He:

was serene and intelligent when
others around him were loud
and sometimes boorish; he was
honest, approachable, open,
warm and frank; not rude,
duplicitous and.untrustworthy
like so many others.”

Mr Smith said that Father
Roberts was also an astute busi-

" nessman who was always busy

with commercial projects with



Blue Hill Road & Independence Drive

Father Anthony Roberts laid to rest



tim be NL



@ ARCHBISHOP Drexel Gomez is seen leaving the Cathedral





goth

i MEMBERS of the Anglican Church clergy carry Father

Roberts out of the Cathedral and to the grave site
(Photos: Mario Duncanson/ Tribune Staff)

‘the intention of training and

employing as many Bahamians
as he could.

“He was truly a man for all
seasons and despite his many
accomplishments he never lost
that spirit of humility which
endeared him to everyone who
has ever met him,” said M
Smith. :

Father Roberts is survived by
his wife Melvern Roberts; sons,



FOR RENT

Prime Location

Wayne and Brandon Roberts;
daughters, Hollis Sherman and
Tanya Roberts; three grand-
children; three brothers, Ger-
ald Roberts, E Pedro Roberts II
and Dr Patrick Roberts; one sis-
ter, Rosamund Williams; and
numerous other relatives and

_ friends.

Father Roberts was buried at
St Matthew’s Cemetery.
SEE page 14 for more pictures






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THE TRIBUNE

LOCAL NEWS

MONDAY, JULY 18, 2005, PAGE 3



Hurricane moves extra visitors to the Bahamas

@ By KARIN HERIG
Tribune Staff Reporter

THE Bahamas over the
weekend welcomed more vis-
itors than expected after

30,000 tourists were evacuated
from Cancun, Mexico ahead
of Hurricane Emily.

Long lines of tourists
queued at the Cancun airport
yesterday in a rush to escape

the season’s second hurricane,
travelling at 20mph with max-
imum sustained winds near
145mph.

International media report-
ed that Quintana Roo state

DOZENS of children flocked to the Logos Bookstore in the Harbour ‘Bay Shopping
Centre on Friday at midnight to receive their copies of the long awaited sixth installment of

the Harry Potter book series.

Logos, like so many other book stores around the world, opened its doors for a special
launch party which included food and drink and Harry Potter- themed games.

Promptly at midnight, the store owners sold the first copy of ‘Harry Potter and the

Half-Blood Prince’ to a Bahamian child.

The Harry Potter series by British author J K Rowling has for the past years been attrib-
uted with renewing children’s interest in reading.

Early estimates show that ‘Harry Potter and the Half-Blood Prince’ will become the fastest-
selling book in history, with over 10 million copies estimated to have been sold worldwide
during the first 24 hours of publication.



(Photo: Tim Aylen)



Parents PTRa oe of Ceo n ae Oy sean

tourism secretary Gabriela
Rodriguez said that the
authorities began evacuating
85,000 people along more
than 100 miles of coast from
Holbox Island to Tulum on

Casino
approval

THE Pinnacle Casino Enter-
tainment Company has been
granted approval by the
Bahamas Gaming Board to
operate the casino at the Four
Season’s Emerald Bay property
on Exuma, Tourism Minister
Obie Wilchcombe told The Tri-
bune yesterday.

’ Mr Wilchcombe said that the
Casino’s opening would solidify
the presence of Emerald Bay
and make the Exuma tourism
experience even more attractive.

The 6,000 square foot casino
is scheduled to open later this
year and is said to be reminiscent
of Monte Carlo’s elegant gaming
salons.

According to the company’s
website, Pinnacle owns and
operates casinos in Nevada, Mis-
sissippi, Louisiana, Indiana and
Argentina, and receives lease
income from two card club casi-
nos, both in the Los Angeles
metropolitan area.

Currently Pinnacle is con-
structing L’Auberge du Lac, a
major casino resort in Lake
Charles, Louisiana. The compa-
ny has also‘been selected for two
casino and related development
projects in the St Louis, Missouri
area, pending final approval by
the Missouri Gaming Commis-
sion. :









@ By RUPERT MISSICK Jr
Chief Reporter



accessible campus.

“weeks of school at a time”.

tral Eleuthera High in Palmetto Point.




Ministry of Education in New Providence.










their control.
“If there is a surge or the bus breaks down,












Be\s\2)

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PHONE: 322-2157

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PARENTS of children attending North
Eleuthera High School are urging government
to relocate Gregory Town students to a more

They are worried that their children will be
placed “at a severe disadvantage” by the end of
the school year because of weather conditions
that can make travel across the Glass Window
Bridge impossible, causing students to miss

The parents are asking that 16 Gregory
Town junior high students be transferred from
North Eleuthera High in Lower Bogue to .Cen-

Education officials on the island have report-
edly told the parents that the matter is entire-
ly out of their hands until they hear from the

Diane Thompson, spokesperson for the Gre-
gory Town parents, said it’s not fair for the
school system to expect reasonably functioning
students when the children’s attendance is

- unpredictable because of circumstances beyond

or if there is a hurricane or if they block the
bridge for some reason, the children in Gregory

JELL ESTABLISHED
Buus AGENCY





Town end up losing soietinds weeks out of
school. It’s hard to even say how many times
they missed school for the year, but sometimes
they can miss weeks on end so this is of course
placing them at a severe disadvantage,” Ms
Thompson told The Tribune.

In this year’s budget, government has set
aside $8.5 million for the construction of a
causeway to replace the Glass Window Bridge,
which connects North and South Eleuthera.

The bridge has been in a poor state of repair
for years.

Ms Thompson said that the people of Gre-

gory Town have a sentimental and an histori-.

cal tie to the school in Palmetto Point, which
she said was constructed with help from resi-
dents of the settlement.

“The parents at that time, who now have
grandchildren in school, held cookouts, fried
fritters and everything so that the school could
be built in Palmetto Point. All we are asking is
that these 16 children be allowed to attend
this school,” she said.

Ms Thompson pointed out that the lessons
these students miss are not repeated, resulting
in a level of anxiety because the children find
themselves in a position where they have to
catch up with the rest of their classmates.

“At the moment we are in limbo because

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fer will be possible for the next school year.

That’s even holding up simple things like know-

ing what type of uniform to buy,” she said.
MP for North Eleuthera Alvin Smith said

' that he was aware of the parents’ concerns

and had petitioned the Ministry of Education
on numerous occasions to have the situation
rectified.

“T have supported that the students go to the
Central Eleuthera High School, and the min-
istry had said that this was Meee to sob at
the start ‘of the | hool,



and accused government of dragging its feet.
The MP said that problems such as these

-could be easily rectified if the planned recon-

struction of the Glass. Window Bridge takes
place.

Said Mr Smith: “If goyernment were to con-
struct a causeway on the current site there is a
chance that it will be impassable once or twice
a year, but certainly. not out of commission as
many times as the Glass Window Bridge is.”

The Tribune was unable to reach Minister of
Education Alfed Sears up to press time yes-
terday. i,







- YOUR LOCAL MEMBER OF THE-

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Saturday, including the stretch
known as the ‘Riviera Maya’.

Authorities also ordered the
relocation on Sunday morn-
ing of 30,000 tourists, of which
70 per cent were estimated to
be foreigners, to larger, bet-
ter-sheltered and in-land
hotels.

However many tourists opt-
ed to cut their vacations short
and return home, and others
with bookings for Cancun
decided to relocate to other

destinations in the Caribbean. -

In an interview with The
Tribune Sunday, Minister of
Tourism Obie Wilchcombe

said that he did not know the >

exact number of tourists that
decided to re-route to the
Bahamas, but confirmed that





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the number was large.

“This happens often during
the hurricane season when
people either have to relocate
or cruise ships need to be
diverted for safety reasons,
then the Bahamas receives
unexpected guests,” he said.

In such cases, he said, the
Bahamas must try and live up
to the expectations of visitors
who initially intended to trav-
el to different destinations.

Hurricane Emily was
expected to hit the Yucatan
peninsula late yesterday or
early today. From there it was
projected to cross over the
peninsula ‘and travel across
the Gulf of Mexico and hit
land again somewhere near
the Mexico-US border.



























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PAGE 4, MONDAY, JULY 18, 2005

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited

NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI





Being Bound to Swear to The Dogmas of No Master
LEON E. H. DUPUCH, Publisher/Editor 1903-1914

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

EILEEN DUPUCH CARRON, C.M.G., M.S., B.A., LL.B.

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

TELEPHONES

Publisher/Editor 1972-

Switchboard (News, Circulation and Advertising) 322: 1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387



More spin by govt. on YMCA

AFTER all the hue and cry about how
restoration funding was bypassing one of
Grand Bahama’s most important community
centres — badly damaged, some say
destroyed, by Hurricanes Jeanne and Francis
— at last government has made a commit-
ment to do something..

But Housing Minister Shane Gibson, who

thought that “we should not focus on what
happened in the past, but on how quickly we
can assist them,” still wanted the public to

know that he was not in Freeport to assess the .

damage to the YMCA because of Sir Jack
Hayward’s complaints.

Rather, he was there, he claimed because
when government saw “what the facility

know how NEMA had spent their $1 mil- -

lion donation.

Of course, the prime minister was upset,
especially as the cheque and the letter saying
how the donation was to be used was pre-
sented to him at a public function in Freeport.

It was only natural that he would send an

emissary to Freeport to placate an angry Sir

Jack and assure him that his Y would be tak-
en care of.

The prime minister then followed through
with a telephone call to Mr Gibson, obvi-
ously with instructions to get the job done “p-
d-q” as the late Sir Etienne Dupuch would
often say. when he wanted a job done, not
tomorrow, but yesterday.


















The crisis in
Zimbabwe

Editor, The Tribune.

The following, addressed to Sir
Ronald Sanders, is a comment on
his article on Zimbabwe, which was
published in The Tribune on June

I want to thank you for your
efforts on‘our behalf to publicize the
crisis in Zimbabwe and for your

- thoughtful comments. As chairman

of the Combined Harare Residents
Association, I am in a position to
speak on behalf of our members and
the general population of our city.
Certainly conditions in Zimbab-
we are deteriorating daily and we
are having difficulty comprehend-

- ing this wave of destruction, let alone

organising a coordinated response.

A few points:

Our latest information is that
56,000 structures have. been
destroyed throughout Zimbabwe.
These vary from single room wood-
en cabins to substantial brick and
mortar dwellings with as many as.15
rooms. There. are few plastic/tin
squatter shacks in the country and it
is important to understand that most
of these buildings were sanctioned by
the Mugabe regime. Indeed many
unserviced stands were handed out
by the regime in 2001 in an effort to
bring party supporters into Harare to
dilute the urban support for the
opposition.

LETTERS

Ererouevmemtcelnac



constitution and engaging in clearly
illegal violence against citizens for
many years, just two weeks ago he
re-appointed a Commission to
administer Harare in clear contra-
vention of the law. It is this illegal
Commission which is nominally
ordering the destruction in Harare.

My own personal feeling is that
these actions are a direct result of
the March 31 elections. The regime

has had two months to analyse the _

genuine voting results which.came
from over 8,000 polling stations in
120 constituencies. With an average

of under 280 or so'voters per polling ~

station, it is easy for the regime to see
exactly what and where its support is.
I can only believe that there was a
massive vote for the opposition
MDC and this led the regime to
embark on this huge social engi-
neering project.

‘ As for calls for intervention, I
believe that only international pres-
sure will ameliorate or end this crisis.
As a society, we have been degraded
by years of oppression stretching
way back into the colonial period
and before.

As many as 30 per cent of Zim-

left. We survive on remittances from
our relatives working overseas and in
South Africa. This means we have
neither the people nor the resources
to mount any but the most sporadic

: . - 20. : and ineffectual demonstrations
Published Daily Monday to Saturday illegal activities his regime has per-__ against the regime. Most of us here
Dear Sir Ronald, petrated. Apart from subverting the —_ have retreated into our personal and

private space and have withdrawn
from the social/public sphere in our
quest for survival.

Our recent efforts to mount a
stayaway bears testimony to this real-
ity.

There will be no internal upris-
ing, I am certain, although riots are a
distinct possibility as people get
pushed to the edge.

The white West cannot do much
since Mugabe has a lockdown.on
anti-colonialist rhetoric and even
Mbekt is afraid to challenge this. We
need a broad range of advocates
from around the world, especially
the Caribbean and black America, to
speak out and support Mbeki who I
am sure is only too keen to see the
end of Mugabe. and the Zimbab-
wean crisis. As a former diplomat
in the Caribbean, could you use your
contacts to advocate for such a
move? If we can give Mbeki a face-
saving method in which he can
oppose Mugabe, then just maybe
the noose will begin to tighten.

Sorry to send you such a long e-
mail when I really just wanted to say
thank you!

means for residents of Grand Bahama we “When you look at the money donated by We estimate that between babweans have left the country in MICHAEL DAVIES
thought it was important for us to stepinat — Sir Jack and Edward St George they said _ 300,000 and 1.5 million people have _ the last five years. By the regime's Zimbabwe,
this stage.” specifically schools, and so that would. never been displaced. own admission, .70 per cent of the June, 2005

What a burich of poppycock!

No wonder the public has no time for fast-
talking politicians with their political spin on
everything they either do, or fail to do.

According to Mr Gibson, he as Minister of
Housing had flown to Freeport because “a
concern was raised by a representative of
Grand Bahama about the condition of the
YMCA. And the prime minister thought it
was very important for us to come down and
see what sort of assistance we could render.”

That is Mr Gibson’s spin on the events.
However, we can assure him that he got that
telephone call from a very worried prime
minister who was:‘concerned about the noise

~ that Sir Jack was. making in Freeport.

And Sir Jack. was raising his voice because -

of the way he was treated by the executives of
the National Emergency Management
Agency (NEMA) when he followed up ona
letter written by the Y’s chairman asking for
funds to restore the community facility, dam-
aged by the two hurricanes. The letter was
dated January 17, 2005. It was now the end of
June and nothing had been heard from
NEMA.

‘When NEMA ignored the Y’s plea for
financial ‘help, Sir Jack assured its board of
directors that they needn’t worry — hadn’t he
and his partner, the late Edward St George

_given NEMA $1 million for Grand Bahama,

specifically for “the educational facilities on.

Grand Bahama”. As far as he was concerned
_ the Y was eminently qualified to receive
funds from that donation.

And so Sir Jack got on the phone to
NEMA. After the initial telephone conver-
sation, the NEMA executive. neither took,
nor returned any further calls from Sir Jack.
Eventually Sir Jack could take no more of the
rudeness.

He burst into public print, demanding to










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have been spent on the YMCA because it is
not a school,” said Mr Gibson as be put his

foot further into his mouth on an issue he

himself said should not be focused on.

Nowhere in their. letter of instructions did
the two donors mention the word “school”:
Their “express wish” was “that these funds be
used for restoring the educational facilities on
Grand Bahama”. And the Y, a family centre
that serviced the whole community, was cer-
tainly an “educational facility”.

It was mainly because it was an educa-
. tional facility that the late Sir Wallace Groves, .

founder of Freeport sent Sir Jack to Florida
in the sixties to get more information on the
Y. “Wallace was always g grateful that the Y
had taught him how to swim,” said Sir Jack.
He was also impressed because it was a chris-
tian, family-oriented organisation.

The Hayward family donated an Olympic
size swimming pool, Rotary donated the play-
ing fields, the gym was donated, Freeport
residents rallied around to raise money to
build the facility, their names etched into the
building blocks. The Y taught swimming, vol-
leyball, gymnastics, and many other sports, in
addition to offering a community fitness cen-
tre. According to Sir Jack it was the best

facility in the Caribbean; and it was educa-:

tional.

And so the Y was introduced to Freeport
as an educational facility that would mould
the whole child and young adult after the
schools had taught them to read, write and
calculate.

“I am sure if we were approached earlier
by the YMCA we would have rendered some
kind of assistance,” Mr Gibson told the press.

We would suggest that Mr Gibson deliver
the funding to make it possible for the Y to

‘continue serving the community, and stop

spinning tall tales for public consumption.






WOLVERHAM PTON

tudy Caw in the UK

¢ LLM International Corporate & Financial Law

We cannot accurately determine

the numbers. Many single room.

housed families of 5,6 or more peo-
ple. Many rooms were used by mul-
tiple "time-share" occupants who
would sleep in shifts.

The onslaught against informal

sector traders which began on 19
May has destroyed the livelihoods

of at least 150,000 people and their .
. dependents.

The informal sector is the main-
stay of the Zimbabwean economy
after the destruction of the formal

sector following the collapse of com-

mercial agriculture and the ripple

effects. therefrom. Even small village. ,

markets in remote rural villages have
been destroyed.

Coping Strategies:

Displaced people are —

a. moving into relatives' homes in
turn displacing tenants

b. relocating to rural homes where
they are either met withhostility from
locals or are putting additional strain
upon the rural economy which is
already reeling from drought, polit-
ical tensions and social dislocations
caused by the resettlement pro-
gramme. Relocation is expensive
and there is a fuel'crisis so many bus-
es are not. running, The church is
providing some assistance but the

- scale of the problem is beyond even

their capabilities and resources.
c. camping outdoors in church
yards, or on the side of the roads ~

d. being interned in supposed
“holding camps'

e. fleeing to neighbouring coun-
tries

Mugabe's claim that this i is a

crackdown against "illegal activities"
rings false in the light of the many

so-called productive sector have now





Editor, The Tribune.

Dear Sir Ronald,




rights. Please!




ROB
Zimbabwe,
June, 2005.

No intervention needed

The following is a letter to Sir Ronald Sanders commenting on his
article published: in The Tribune on June 20.

It is sad and unfortunate that a highly- -respected persona of
your callibre would allow himself to sink to such low levels as a result
of ill-concieved and baseless views on Zimbabwe. Contrary to your
suggestion, Zimbabwe does not need Europe or American (or even
African) intervention: Why do you guys always seem to suggest |
Africa needs Europe. That's a colonialist theory:of thinking. We
need no European assistance in Zimbabwe or in Africa to say the
least. History speaks for itself. You want me to believe Tony Blair
is a good guy? Give us a break? I wrote a PhD thesis
on British imperialist policies in Zimbabwe and I must admit peo-
ple get it wrong when they always throw.the blame at Mugabe.

The clean up is a vital exercise to clean up Zim cities and there
is nothing wrong with that. It's taking place in Kenya and South
Africa right now. You hear nothing of it in the press. I lived in
England for quite a long time and I remember seeing illegal settle-
ments being razed down. That was normal then. Isn't it a double
standard to say it's wrong when poor Zimbabwe follows suit. ‘

There is evidence to show that Mugabe is one of the most pop-
ular men in Africa: Africans, myself included, like him because he
is brave and he tells European. imperialists, whom I assume think
along your lines, off. What the British as well as people who think |
like you forget is the fact that Mugabe introduced human rights in
the country. Tony Blair can't teach Zimbabwe any lesson on human

The international media is leading attempts to isolate Zimbabwe. —
That's okay. But that's what you get in return. Mugabe is legitimate
and I support him. He is the right man to lead Zimbabwe. —

That said, I respect your view on. Zimbabwe.





































Public Utilities Commission



UNIQUE JOB OPPORTUNITY
Regulatory ESO no ais t

Se VOX

The rapid evolution of the, telecommunications sector combined with novel

approaches to regulating the sector has made it mandatory for the Public Utili-

ties Commission (PUC) to strengthen its capacity in regulatory economic

analyses.

The Job

The successful applicant for the position will provide specialist advice on the

economic and financial performance of regulated utilities. He will also work as

an integral part of a multi-disciplinary team of professionals to ensure effective

oversight by the PUC of the various providers of utility services in The Bahamas.

The candidate will perform market research and other economic studies relevant

to the current and future development of the telecommunications, electricity,

and water and sewerage sectors in The Bahamas.

Training

The candidate will be trained to carry out economic and financial analyses

Come to . involving market research, and changes in price setting methodologies: This
THE HILTON NASSAU specialist training will be offered principally via short courses and seminars, in
The Bahamas and overseas.
yore ualifications
Stuart Williams, Associate Dean Bachelor's Degree in Economics or Economics and Accounting; and
for Master’s Degree in Economics, or Finance; and
Minimum of five (5) years relevant experience.
DROP-IN SESSIONS:

Remuneration

The PUC offers a very attractive benefits package and excellent opportunities for

Saturday, 16 July 10:00-12:00
Saturday, 17 July 10:00-12:00

SEMINAR:
Monday, 18 July 6:30-8:00pm

further development. Starting salary will be commensurate with relevant
experience. Further information about the PUC could be obtained from
our website at: www.PUCBahamas.gov.bs.

Applications should be received by 29 July, 2005

for advice on courses in Law and other subjects. Interested applicants may deliver or fax resumes to:

Executive Director, Public Utilities Commission
4th Terrace East, Collins Avenue
.Fax No. (242) 323-7288
E-mail: PUC@pucbahamas.gov.bs



Stuart Williams. Associate Dean








THE TRIBUNE

MONDAY, JULY 18, 2005, P/ 3



Wilchcombe:
Marina Village

AITO O LUN WAL
Bay Street
revitalisation

@ By KARIN HERIG
Tribune Staff Reporter







THE newly opened Marina
Village at Atlantis on Paradise
Island will offer significant com-
petition to Bay Street mer-
chants, Minister of Tourism
Obie Wilchcombe said yester-
day.

Describing the launch of the
newest addition to the Atlantis
product as “exciting,” Mr
Wilchcombe told The Tribune
that the new competition
enhances the urgency to move
ahead with the revitalisation of
Bay Street.

“The danger now of course
exists that tourists will gravitate
towards the Marina Village
instead of downtown Nassau,”
he noted.

The long-awaited Marina
Village opened for its first day
of business on Friday. The offi-
cial opening is planned for later
this month.

The 65,000 square foot com-
plex will offer visitors and
Bahamians alike five restau-
rants, 21 retail outlets as well
as areas that showcase Bahami-
an arts and crafts.

“No question that it will be
competition to Bay Street, but
this only encourages us to move
more rapidly in offering the
kind of standards found at the
Marina Village across the board
in the Bahamas,” he said.

Downtown.

Mr Wilchcombe reiterated
that Prime Minister Perry
Christie has received the master
plan for the redevelopment of
downtown Nassau, as prepared
by the Atlanta-based consul-
tancy firm EDAW.

And although the plan has
not yet been presented to Cab-
inet, he said that he expects the
government to “move ahead
with haste” in this matter.

“Bay Street benefits from a
very distinctive reputation
which still draws tourists, nev-
ertheless it definitely needs a
face-lift,” he noted.

- The tourism minister said
that the Bahamas can learn
from the example of Atlantis,
“who constantly improve upon
their product”.

“No matter how good it is,
they always strive to make it
even better, always adding new
features and new attractions.
That’s what’ we need to with
Bay. Street and Cable Beach.
We have many high-end visi-
tors and we charge big bucks, so
he have to be able to offer mon-
ey’s.worth,” he said.

Highlighting the benefits of
the Marina Village; Mr Wilch-
combe said that it adds to the
country’s tourism product and
to the “wonderful mystique that
is Atlantis, which will ultimate-
ly.attract even more visitors”.

“Tf you can piggy-back on
the success of an international-
ly recognisable brand like
Atlantis, as we have done, it
results in tremendous dividends
for the country. And in addi-
tion to offering new employ-
ment opportunities, the Marina
Village will also add signifi-
‘cantly to our GDP,” he said.



















































































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A success story for Bahamian
entrepreneurs to emulate

L IS to be hoped that
there is swift resolution

of the impasse involving West-
ern Air Charters and the
Department of Immigration
over the deportation of sev-
eral of that company’s pilots
for alleged violations of the
immigration laws.

Whatever the truth of the
matter regarding the status of
the employees in question, the
facts of Western Air’s contri-
bution to the development of

Andros and, even more’

importantly, to indigenous
entrepreneurial activity, are
beyond question.

As a fully Bahamian-owned
entity, Western Air is one of
those businesses that stands
out as a success story for
Bahamian entrepreneurs to
emulate — all the more so for
being based in a Family Island

that has little history of organ-'

ised enterprise.

Aside from Western Air,
every large employer in North
Andros is either a foreigner
or a government corporation.
By all accounts, this singular-
ity of success is down to the
drive, dedication and intelli-
gence brought to bear by the
airline’s owners, Mr and Mrs
Rex Rolle.

In going out and creating a
business, rather than simply
waiting for someone to
employ them, the Rolles have
put their money and their
energies where many a politi-
cian (from both sides of the
arena) has put liberal quanti-
ties of mouth.

He: is a private com-
pany that has

entered into a resourceful
arrangement with Bahamasair
to take over all of the latter’s
service to the island of
Andros. In doing so, it may
just have succeeded where
many of the rest of us have
failed and shown the brighter
of our politicians that giving
such routes to smaller, private
carriers is the way ahead
for the troubled national car-
rier.

Moreover, on the Ficepart
run, where it actively com-
petes with Bahamasair, West-
ern has shocked the national
carrier into undertaking a
noticeable improvement to its
own service. It now boasts a
loyal following
Bahamians, like myself, who
make the Freeport run with
any frequency.

In addition to employing
some 50 Bahamians, it has
now completed the construc-
tion of a headquarters, pas-
senger terminal and fixed base
operation at San Andros
which at least appears to be
more than the equal of any
government-constructed Fam-
ily Island airport.

All of this makes it very

unfortunate that an agency: of
the Bahamian government,
albeit in alleged keeping with
the letter of the law, should

be the one thing that finally



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manages to ground this suc-
cessful Bahamian company.

Bahamian employers
should be favoured

[ seresin comparisons
have been made in the

press between the treatment
meted out to the Rolles in this
instance and that which sup-
posedly greeted Mr Gerardo
Capo’s allegedly irregular
employment of Mexican
builders at his Bimini project.
For reasons very different
from the ones listed by Mr
Capo himself, those compar-
isons are in fact inappropri-
ate.



Air is, by contrast, a matter
whose repercussions will
remain within the Bahamas.

This gives our government
an ultimacy of power to which
it is perhaps not accustomed,
but in the exercise of which it
must be especially sensitive,
for the sake not only of some
abstract notion of justice, but
of those many potential
Bahamian entrepreneurs
whose contribution or other-
wise may determine whether
we do become a productive,
indigenised economic culture
or remain a backward version
of Dade County.

A sensible and responsible
immigration policy would,



“In addition to employing
some 50 Bahamians, it has now
completed the construction of a

headquarters, passenger terminal

and fixed base operation at San
Andros which at least appears to
be more than the equal of any
government-constructed Rauuty

Island airport.”

4



A government of the
Bahamas, being charged prin-
cipally with promoting the
development of Bahamians,

_has not merely a right but a

positive duty to discriminate
in favour of Bahamians wher-
ever this is possible and will
not have’ consequences that
are repugnant to the public
interest. This does not mean
propping up basket cases just
because they happen to be
Bahamian.

But it does mean deliber-
ately fostering Bahamian busi-
ness growth as a means of
countering the imbalances that
continue to distort our soci-
ety. Among these imbalances
is a dearth of an indigenous

. productive culture, which con-

tributes to a cyclical depen-
dence upon foreign capital.
This leads to a corresponding,

‘politically fraught pressure

(from the sources of that cap-
ital) to liberalise trade, invest-
ment and immigration policy
and to implement ‘interna-
tional’ regulatory initiatives —
in other words, to expedite
and complete the process of
absorption of which our pre-
sent economic policy is a nat-
ural first step.

While an Atlantis, a Baha
Mar or.a Mr Capo has some,
but limited incentive to indi-
genise their employee base,
we must remember that their
first priority is to sharehold-
ers that are generally beyond
the seas. Though the scale is,
of course, very different, the

success or failure of a Western







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therefore, distinguish to some
degree between Bahamian
businesses and foreign
investor-owned ones when it
comes to the granting of work
permits for employees.
Bahamian businesses should
always be given the benefit of
the doubt in matters such as

these, since any potential _

threat to Bahamian jobs is
partly compensated by the
success of a Bahamian-owned
business.
Although government may
now plausibly claim that it in
fact uses its discretion in
favour of Bahamians under
the present regime, it is in
matters such as. the Western
Air affair that Bahamians will
continue to speculate whether
or not.that discretion is exer-
cised in an even-handed man-
ner.
Clearer policy guidelines,

which distinguish clearly.

between Bahamian and non-
Bahamian businesses should
be published in order to give

our entrepreneurs an assur-
ance that they will not be the
victims of politics if they
decide to stake everything
they have on a business ven-
ture that may require immi-
grant labour.

It is in this regard disturbing
that Minister Vincent Peet,
one of the most competent
and respected members of the
PLP government, should feel
this matter to be so politically
‘hot’ as to purport to recuse
himself from it.

It seems to demonstrate the
extent of the problem we con-
tinue to face removing the
aura of politics from immigra-
tion policy.

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6, MONDAY, JULY 18, 2005

THE TRIBUNE



Ground broken

for new Cotton
Bay development



Hi WIM Steenbakkers, director of operations of Cotton Bay Estates and Villas Limited; David
Reuin, chief executive officer of DECON; Franklyn Wilson, chairman of Eleuthera Properties
Limited; and Whitney Irons, president of Devmat Incorporated, at the groundbreaking ceremony
for Cotton Bay Estates and Villas.

Photo: Franklyn G Ferguson

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A VISION built upon the
concept of the legendary Cotton
Bay Club in Eleuthera came

one. step.closer to fruition on

Friday when ground was bro-
ken on the site of Cotton Bay
Estates and Villas.

The Cotton Bay Club was
once considered one of the
world’s finest resort destina-
tions, and the new development
will mark the rebuilding of the
property that was often
described as one of the most
beautiful stops in the Bahamas.

Not only does the develop-

‘ment potentially mean revitali-
_Sation-for.the-island’s- flagging

economy, it also marks the first
time that a majority Bahamian-
funded and managed group has
‘undertaken an investment ini-
tiative of this magnitude.
Cotton Bay Estates and Vil-
las in Eleuthera is a 1,500-acre
development comprising 114
beachfront and ocean view
estate lots, a 69-room luxury
boutique hotel based on a villa
concept reminiscent of the old

Cotton Bay Club, a grand club- ~

house with full amenities and
two secluded beaches.

The project in Rock Sound is
expected to create 100 to'300
jobs over the next five years for
Bahamians.

Prime Minister Perry
Christie, who attended Friday’s
groundbreaking, congratulated
the shareholders of the compa-

“iy for “withstanding all of the

rigors of-our economy, the ups
and downs, the negative com-
mentary of people who saw pol-
itics through jaundiced eyes, of

even our own relatives here

who were not been able to grow
with the times”.

Mr Christie had made a spe-
cial effort ‘to attend the cere-
mony because he knew Thomas
Alfred Sands, a native of Rock

Sound and the CEO of
Eleuthera Properties Limited
(EPL), developers of the resort
community development.

“As I said to Thomas when
he took me first on the site
before. I became ill, your father
knows as he moves on that he
has done his best to prepare his
children to take his place, and
he knows with absolute cer-
tainty that you will be able to
give your mother the same
degree of comfort that he
would have been able and what
have done,”
minister.

-—~“F know he loved them and’

they know that. I know he loved
Eleuthera and I know he’s a
naturalist.

“And I will simply say with

respect to him that my govern-

ment will see beyond the com-
pany and will name the way or
the street to this site after
Alfred Sands.”

Disappointed

Mr Christie noted the “mag-
nificent achievement in the his-
tory: of the Bahamas” by
Bahamian businessman
Franklyn Wilson, EPL chair-
man, but said. that he was dis-

‘appointed in the lack of process

that had been made by other

planned developments on
_Eleuthera. ; chs
Mr Christie said that when

he came to Eleuthera to con-
gratulate Oswald Ingraham on

‘becoming the Speaker of the

House and the MP for the area,
he had announced a planned
development for South
Eleuthera and one for Central
Eleuthera. :

“This:was announced at least
a year to 18 months before we
announced this development

said the prime:

and I am disappointed that they
have not taken the-steps that
we had anticipated,” he said.

According to Wim Steen-
bakkers, director of operations
for EPL, the company plans a
soft opening of the clubhouse
in December 2006, but estate
lots, starting at $400,000, are
already for sale.

Also attending the ground-
breaking ceremony were Goy-
ernor General Dame Ivy
Dumont, Anglican Archbishop
Drexel Gomez, members of the
Cabinet and Mr Wilson.

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PAGE 8, MONDAY, JULY 18, 2005

THE TRIBUNE



LOCAL NEWS



Lawyers back former MP’s call for
a moratorium on immigration

@ By KARIN HERIG
Tribune Staff Reporter

TWO Bahamian lawyers have

lent their full support to the call -

for a moratorium on all migrants

_to the Bahamas, as proposed by -
a former PLP Member of Par-

liament last week.

Attorney Paul Moss.told The

Tribune yesterday that the
“ Bahamas’ immigration policy is

“over-abused” and allows for-
eigners easy access into the
country.

“Other countries are laugh-
ing at us because they know
they can always find a way

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around our immigration laws,”

-he-said.

Fayne Thompson described
the country’s current immigra-
tion laws as a “hodge-podge
lazy immigration policy”.

“We don’t even have a proper
immigration policy. I think it is
time to stop and get a look at
where we are now and where we
want to go,” said Mr Thompson.

He explained that he would
support a temporary moratori-
um on all immigrants to the
Bahamas, so that officials could
“get a handle on how many and
who exactly we have in the
country”.

Mr Thompson said that this
step of determining how many
immigrants reside in the
Bahamas would also be neces-
sary before the country enters
into any future regional or inter-
national arguments facilitating
free trade.

Mr Moss said that a morato-
rium on immigrants is “long
overdue”, and that he supports
it fully, “except for in those sec-

~-tors where it would have an



@ FAYNE Thompson

adverse effect”.

He explained that an immi-
gration moratorium should not
apply to fields where there are
no Bahamians swaths sufficient
expertise.

“For instance, if we were to
introduce LNG, clearly we have
no experts in the country. In
such a case we could allow for
foreigners,” he said.

However in the financial sec-

tor, he said, a moratorium
would be desperately needed.

“We have more then enough
qualified Bahamians who can’t
get jobs in the financial services
right now. A moratorium
would help with this problem,”
he said.

Speaking at a well-attended
town meeting hosted by the
Civil Society last Wednesday,
former PLP MP Elwood Don-
aldson, who was also one of the
“Dissident 8”, called for an
immediate moratorium on all
migrants into the Bahamas, save
those needed for vital govern-
ment problems.

And former minister of immi-
gration Loftus Roker warned
that the Bahamas’ current poli-
cies would lead to the country
being over run by Haitians in
the next two decades.

“It is an issue of emergency,
soon we are going to be
swamped and the Bahamian
nation as we know it will be
extinct. Mr Roker and Mr Don-
aldson hit the nail squarely on
the head,” Mr Thompson said.



International education conference MbYeseistes

THE Bahamas will host del-
egates from more than 20
countries this month when
education ministers from
throughout the commonwealth
gather in Nassau for the
Regional Mid-term Review of

. the 15th Conference of Com-

monwealth Education Minis-
ters (ISCCEM).
The Mid-term Review Meet-

. ing for the Caribbean/Canada

ricls srmmallest
glucase

region will be held from
Wednesday July 27 to Satur-
day July 30 at the Radisson
Cable Beach and Golf Resort.

Fifteen education ministers
will head their respective dele-
gations. Special guests of the
meeting will be education min-
isters from Fiji Islands, The

Maldives, Sierra: Leone and»

south Africa. yo
Delegates will include offi- |

neter



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seation
-,) Wealth in the conteyt of ‘the





cials of the Commonwealth
Secretariat Sir John Daniel,
president Commonwealth of
Learning, and Ann Keeling,
director Social Transformation
Programs Division.

And education ministers
from Africa/Pacific Region will
offer special presentations at
the National Art Gallery of the
Bahamas on Friday July 29
under the theme “Challenges
in Education in Other Com-
monwealth Countries”.

The Mid-term Review meet-
ing in Nassau is a follow-up to
the 1SCCEM held in Edin-
burgh, Scotland in October -
2003.

At that meeting, ministers
reviewed the progress of edu-

main theme of the Conference



across, the commonz-.: «

— Closing the Gap; Access,
Inclusion and Achievement.
They identified key issues,
challenges and opportunities
that needed to be addressed if
their education aspirations

"were to be achieved.

. Ministers will provide “coun-
try updates” of the 1SCCEM
Action Plan during discussion
group sessions. Six areas will
be addressed — improving qual-
ity education, mitigating the
impact of HIV/AIDS in edu-
cation, using distance learning
to overcome barriers, support-
ing education in difficult cir-
cumstances, eliminating gen-
der disparities in education and

.expanding access to universal

primary education.

see At AS - the first time the.
Bahamas will host the educa-

tion ministers conference.

to institute

THE Youth | Youth Binpowetnient
and Skills Training Institute
(YEAST) was on the receiving
end of-five personal computers
donated by its principal corpo-
rate sponsor, The Family
Guardian Insurance Company.

The computers will facilitate
the school’s expanding capacity
to provide character and lead-
ership development opportuni-
ties for more young men.

YEAST recently teamed with
the Ministty of Youth, Sports and
Culture for the pilot programme
of the Restorative Segment of the
government’s National Youth
Service, in BARC, North Andros,

Y*earlier this year, graduating 22

Junior trainees on April 8, and
29 Senior trainees on July 1.



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THE TRIBUNE

MONDAY, JULY 18, 2005, PAGE 9



Bid to preve

LOCAL NEWS

further job cuts

FROM page one

hurts,” said the minister.

The Isle of Capri hopes
government will consider a
proposal for a reduced tax
rate structure, from 17 per
cent to nine per cent. Isle of
Capri reportedly owes $6 mil-
lion in casino taxes.

However, Mr Wilchcombe
said that changing the tax
structure is not as simple as
it seems.

“We are looking at how
easily it could be to change
or even if we would want it
to be changed easily. The

trouble is that we would have
to change it across the board.
(Hotelier) Phil Ruffin was
very annoyed when he was
here, that he did not have the
kind of concessions that

Atlantis had. What we had to |
_ explain is that the amount of

concessions. in taxes is based
on the size of the investment.
The Isle of Capri is a $12 mil-
lion investment. They are a
casino not a hotel, what then
justifies the reduction?”

The property is also looking
for government to provide a
$5 million grant for promo-
tion campaigns. Mr Wilch-
combe said that this too may

pose a ae for govern-

ment.

“We are in a bind because

we want Bahamians
employed and are. being

_ asked to give up the revenue
from taxes; and having the.
ministry pay for marketing for _

properties at around $7-$10
million a year, this places you
in a position where govern-
ment may as well pay the
salaries of the workers them-
selves,” he said.
Nevertheless, Mr Wilch-
combe said that the Isle of
Capri had an excellent first
quarter and has proven itself
to be a very good corporate

citizen.
Beyond the current prob-

- lems facing the Isle of Capri,

the minister said there is cur-

rently a proactive evaluation
-of the entire tourism struc-

ture on Grand Bahama.
“Grand Bahama’s tourism
season is expected to pick up
next month and we are look-
ing at a situation where. the

-3,000-plus rooms on the island

may not be enough, and we
are looking at the revitalisa-
tion of the International
Bazaar,” he said. “Nothing
has been happening there
because of the closure of Roy-
al Oasis.”

nt Miller hits

back



over

agreement

FROM page one

interest and it would be

impossible for. another.coun-

try to find fault with that.
“CARICOM made a deci-

sion during the start of the

Gulf War that the invasion of
- Iraq was wrong,.so you see
despite these geopolitical con-
flicts we have.to see what
works well for us and what
does not,” said the minister.



WANTED

Administrative Assistant

| A leading pharmaceutical company | |

seeks to identify ‘an ambitious and

Plagiarism case report expected this week

FROM page one

lecturers and students of the college.

In late June a special advisory panel was
convened to determine if action should be
taken against Dr Smith. The panel is made
up of Archbishop Gomez; Bahamas
Ambassador to the United Nations, Dr
Paulette Bethel; vice-chancellor emeritus
of the University of the West Indies, Pro-
fessor Rex Nettleford; president-elect. of
John Carroll University i in Cleveland; Ohio,
Father Robert Niehoff; and retired justice
Joseph Strachan, who chairs the panel.

Also addressing the issue of the embat-
tled COB president was Sir Arthur Foulkes,
who yesterday described plagiarism as “a
grievous sin”.

Sir Arthur was speaking as a guest on
Love 97’s Jones and Company.

Dr Smith issued a public apology for
omitting to cite a source which he used in
the address delivered during the college’ s
graduation activities.

Since his apology and the media reports
that followed, the question of whether Dr
Smith should resign his.post has been raised.

“Tam not one of those who say let him
slide. I believe I am a tolerant and forgiving
person, and if the gentleman made a mis-
take, quoted two people in his speech and
gave one credit but failed to credit the oth-








Sees

er one, I might have said that OK I can
forgive you for that.

“But this was an egregious case of pla-

giarism, paragraph after paragraph after
paragraph. You can’t have that in an acad-
emic institution that is going to be your

He said it was hard to see how Dr Smith
could maintain the respect of COB’s facul-
ty, and more importantly the students of
the institution.

“I am sorry that it has gone on so long
and I don’t know why we are appointing a

dynamic individual for the position of

administrative assistant. Interested
persons should possess: «

¢ Diploma from.a recognized secretarial

_ Institution

’ e Strong commiunication skills (written

and verbal) '
e Thorough working owicdge of

Microsoft Word, Excel and PowerPoint

¢ Good organizational skills and the
ability to meet deadlines.

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Arthur. said. ae
Girl found dead in. pool



FROM page one

caution parents to really supervise their children properly when they take them to the
beach, to regattas, to picnics around the pool. We hope that if everyone heeds this cau-
tion we can prevent such tragedies from happening,” said Mr Evans.

¢ Police are also investigating a stabbing incident which resulted from an altercation
between three women.

A 31-year-old woman of Montell Heights sustained multiple stab wounds to her neck
after a verbal dispute with two other women escalated out of control, around 8pm Sat-
urday.

The woman was admitted to Princess Margaret Hospual, where she is currently
being treated for her injuries.

e Officers on routine patrol in the area of Malcolm Park at 3.45pm on Saturday, arrest-
ed a 26-year-old man after discovering a 9mm Ruger pistol and 15 live rounds of
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The police said they stopped the suspect after he displayed “suspicious” pebiavions:
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THE TRIBUNE

MONDAY, JULY 18, 2005, PAGE 11



@ By DENISE MAYCOCK
Tribune Freeport
Reporter

FREEPORT - Haitians liv-
ing on Grand Bahama will cel-
ebrate Haiti’s 201 Indepen-
dence at the second annual
Haitian Heritage Festival slat-
ed for July 29 to August 1.

Margarette Raymond-Fer-
guson, festival chairperson,
announced that two renowned
Haitian bands out of New
York and Haiti are expected
to perform live in Freeport for
the celebrations. And Haitians

living in Miami are also

expected to travel to Grand °

_ Bahama for the event.

LOCAL NEWS

on Grand Bahama get
ready to celebrate independence

Renowned bands

Last year’s festival was very
successful and _ further
strengthened the relationship
between Haitians and
Bahamians, said Ms Ray-
mond-Ferguson.

Objective

This year’s objective is to
assist four Haitian-Bahamian

student athletes — Cordero

expected to perform.

Charles, Cordero Light-

bourne, Castello Bain and’

Alan Petitcompere — with air-
fare to attend colleges over-

seas. The boys, who are mem--

bers of the Golden. Eagle

Track at Eight Mile Rock —

High School, have received

scholarships from colleges in*

the United States. -
Activities will begin on Fri-

day, = 29, with a live con-

‘band performance by

‘cert by the Haitian Compras

Band at the Taxi Union Hall,

- from 9pm until: A Cultural
_Expo is planned for Saturday,

July 30 at Sunset Village,
Eight Mile Rock, where there
will be various cultural dis-
plays, such as Haitian arts and
craft, cuisine, theatre, drama,
dance, plaiting of the may pole
and a gospel concert from 5
to 7pm.

| Performance

The event will end with a
Junkanoo rush out and live
B-Nice
Band from Haiti.

A eee Service will

Aaron Sra ammonite

@ By KARAN MINNIS



PLANS are underway to restore a
200-year-old structure on Eleuthera that
will serve as a museum, library and com-
puter and resource centre.

Organisers hope the facility will help
educate and inform both visitors and
residents about Eleuthera’s past.

Committee president of the Mission
Foundation, Chandra Sands, told The
Tribune that repairs to the Eleuthera
Mission House, which began in late
April, may be completed by the end of
the year.

In April, The Mission Foundation

began the process of restoring the two-.
century old structure, formerly known as :

the Rock Sound Clinic, into what will
now serve as an historic land mark on
the island.

Scope

The committee hopes that The Mis- :
sion House will “broaden the.scope of its.

charge as a centre for learning and edu-

cation”.

- The restored and refurbished Mission

House will be renamed “The South

Eleuthera Mission”, said. Ms Sands. ~
There, residents and visitors: will learn

tools 1 necessary for research and learning
ina modern society, and the benefits of

using environmentally friendly tech-

- nologies in the future. Provisions will

also be made to supply grants for small
business. start-ups on, the island, along
with advice.

- Donations towards the completion of
the project, set for early 2006, can be

sent to. the Mission Foundation’ ‘Account
#1080168 at First Caribbean Bank, Gov-

ernors Harbour Branch or to account
#36217, at Scotiabank, Rock Sound

’ Branch. For more information please

contact committee by e-mail at_
esands@rsp1976.com or call 242-334-

be held on Sunday, July 31 at
St Vincent de Paul Catholic
Church. On Monday, August
1, a beach bash will take place
at Taino Beach.

Ms Raymond-Ferguson said
the festival not only allows
Haitians to celebrate their cul-
ture, but also to fellowship and
interact with Bahamians.

Bahamas
Soccer Academy
Summer Camp .

July 25 to 29, 2005

about the technologies, resources and. ‘2203 in Rock Sound, Eleuthera.



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PAGE 12, MONDAY, JULY 18, 2005 THE TRIBUNE
LOCAL NEWS : :



NM ACS AG
Special state reception





@ PICTURED (I-r) are Captain Fernley Palmer of the Boys Brigade; Chief Inspector Lafonda Sut-
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C Stubbs, former general secretary of the Bahamas Construction and Building Union and former
general secretary of the Bahamas Federation of Labour. A special state reception to celebrate 32 years
of Bahamian Independence was held at Government House on July 11. ;

â„¢ BEVERLEY Wallace-Whitfield (left) and
Margaret Rolle of the Department of Social
Services






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ARMBRISTER, 56








of #109 Mount Pleasant Village
and formerly of Duncan Town,
Ragged Island will be held on
Wednesday at 2:00 pm at Holy
Spirit Anglican Church, Howard
Street, Chippingham. The
Venerable Keith N Cartwright, the
Rev Fr Harry W Ward, the Very
Rev Patrick L Adderley, the Rev Fr
Peter A G Scott and the Rev Dr
Tyrone McKenzie will officiate. Interment will be made in Lakeview
Memorial Gardens, JFK Drive.

He will always be kept in loving memory by his wife Beryl;
cnildren, Bernadette Lockhart, Alexia and Bianca Armbrister,
Basil Jr, Byron and Petula Pratt; father, Stephen Armbrister Sr;
brothers, Albert, Stephen Jr and Oscar; sisters, lva Armbrister,
Brenda Glinton, Anicka and Monica Armbrister; grandchildren,
Kieran, Kirra, Dejah and Barron; nieces, Kiesha, Brenda, Myah,
Marion, Tara, Ayisha, Ashley, Shamia, Kenissa, Melenese,
anesé, Weleisha, Kourtney, Keltirah, Seaniquea, Ardsanay,



Sp ‘ews, Albert Jr, Analdo, Melford, Wellington, Torry Armstrong,
enion, David Jr; Shervin, Antonio, Oscar Jr, Jamari, Kanem,

Annibrstet Julia Pratt, Remona McClain and Arabella Johnson;

uncles, Melvin, Leaton, Charlos, Lee Asia and Arastacus

Armbrister; brothers-in-law, David Glinton and Adrian McPhee;

sisters-in-law, Juanita Armbrister, Pamela Knowles, Vera McPhee,

Beatrice and Francina Hepburn; other relatives and friends

including, Lovely Armbrister and family, Harriet Munroe and

family, Sarah Bridgewater and family, Evelyn Wallace and family,

Maudline Maycock and family, Martha Higgs and familly, De

Glanville Panza, Jacqueline Lockhart, Dexter Armbrister, Maurice

Wallace and family, Vera Wallace and family, Demison Nesbitt

and family, Berdie and Ned Munroe’and family, Cyril, Felton and

f Sunny Joffee, James Dean and family, Rose Clear and family,

i Beatrice Farrington and family, Andrew and Portia Armbrister;

i special friends, Norman and Gloria Gardiner, Ruth Ferguson,
Gordon and Mel Wong, Leroy Archer Sr, Sharon Wilson, Leroy
Jr and Joy Archer, Fr Tyrone and Leria McKenzie, Ethel Brown
and family, Pandora Johnson, Mina Grant, Jackie McCartney,
James Ward and-family, Rudy and Philip Stubbs, Patrick Williams,
Luz Arbelaez, Mizpah and Egbert Tertullien, Idris and gwen
Reid, Edward and Margaret Bostwick, Mike Lloyd, Douglas
Gilley, Ragged Island Community, Batelco family, CR Walker
and Scotish Lodge Affiliates - Bahamas, Jamaica and Canada,
Joel and Raymonde Cheruet, Gary and Joycelyn Gosstling, St
Christopher and Holy Spirit Churches.

NCETM ITUATION AO

Friends may pay their last respects at Bethel Brothers Morticians
#44 Nassau Street on Tuesday from 10:00 am to 6:00 pm and
Wednesday from 10:00 am to 12:30 pm. There will be no viewing
at the church.

A memorial service will be held on Monday 7:00 pm at Holy
f Spirit Anglican Church, Howard Street, Chippingham.

2 year or 30000 Mile Warranty

£50 OCEANS RET COLMAR NRT:



LOCAL NEWS

Guiding youngsters

THE TRIBUNE

with different needs
but a common goal

AS A small child, Jordan
was happy-go-lucky, playful
during school recess, friend-
ly, outgoing. But inside the
classroom, he became with-

drawn. The older he got, the |

more he struggled. By age
eight, he was so isolated
that teachers recommended
testing by the volunteers
and staff at Exceptional
Education Outreach (EEO)
in nearby North Eleuthera.
It didn’t take long to uncov-
er the source of Jordan’s
trouble — he had vision and
hearing problems. Once
diagnosed, Jordan was
treated to a school environ-
ment suited for his chal-
lenges and today at 10, he
not only studies well. He
laughs and plays and is the
picture of happiness.

Dreams

At Deep Creek Middle
School, at the opposite of
the end of the 110-mile long
island, a ninth grader who
dreams of being a doctor is
preparing for college
entrance with a special pro-
gramme aimed at helping
her get high scores on her
Bahamas Junior Certificate
Secondary Examination.

EEO and Deep Creek
Middle School,
Eleuthera-based pacesetting
educational facilities, are
guiding youngsters with far
different needs and a com-
mon goal — preparing for
what lies ahead — with gen-
erous awards from the
Lyford Cay Foundation’s
Gifts and Grants Commit-
tee.

“EEO and Deep Creek
fill an important gap in

Eleuthera where the chal-



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lenges of the economy have
been hard on-meeting spe-
cial education needs,” said
Alessandra Holowesko; »
chairman of the Gifts and
Grants Committee of the
charitable foundation. “The
children in Eleuthera
deserve the same consider-
ation and opportunities that
other. children in more
wealthy areas may have
available to them. With the
Foundation’s commitment
to help improve life
throughout the islands and
not just in the more densely
populated areas, it was a
very easy decision for our
committee to make. Both ©
facilities have strong gov-
ernment and community
support and we were very
impressed with what they
have. been able to accom-
plish on very tight budgets.”
Since 1998, EEO. has
helped children with special
needs in North Eleuthera
offering access to innova-
tive, educational pro-
grammes and materials



Â¥

Hutler’s Funeral Homes
& Crematorium

Tel: 393-2822, York & Ernest Sts.
P.O. Box N-712, Nassau, Bahamas

FUNERAL SERVICE FOR

MR. IRA CHRIS
_ AUSTIN
FERGUSON, 61











of Prince Charles Drive
and formerly’ of
Chester’s, Acklins will
be held,on Wednesday,
July 20°", 2005 at 2:00
p.m. at Calvary Bible
Church Collins Avenue.
Interment will follow in
Woodlawn Gardens,
Soldier Road.














Mr. Ferguson is survived by his Wife;, Brenda Mae
Ferguson; Two (2) Sons; Ira Ferguson Jr. and Shariff
Ferguson; His Mother; Viola Ferguson of Chester’s,
Acklins; Two (2) adopted-daughter; Hazel Armbrister
and Mary Jackson; One (1) Adopted-son; Carlos; Three
(3) Brothers; Edward Ferguson of Miami, Florida, Eric
Ferguson and Cedric Deveaux both of Chester’s,
Acklins; One (1) Adopted-brother; Phillip Higgs; One
(1) Sister; Helen Johnson; Twenty-eight (28) Nieces,
Twenty-two (22) Nephews, Three (3) Aunts; Albertha
Fraiser, Rosalyn Hanna and Estella Ferguson; One (1)
Uncle; Leo Ferguson; Five (5) Brothers-in-law; George
Huyler, Leslie Albury, Samuel Archer, Franklyn R.
Wilson and Adam Mackey; Seven (7) Sisters-in-law;
Dorothy Huyler, Telcine Albury, Maxine Archer, Hon
Senator Sharon Wilson, Brenda Ferguson, Hattimae
Deveaux and Catherine Mackey and numerous other
relatives and friends including; Hon Member of
Parliament for Mical and Minister of Agriculture V.
Alfred Gray, Sir. Clifford Darling, Vic-President of the
Senate Rev. Dr. C.B. Moss, Minister Benjamin Gray,
Mother Gene Curry and family, Chief Counsellor Roston
Cox, Marilyn Gardiner, Winfred Major, Madalene
George, Curlena Cox, Eliza Johnson, Philip, Maggie,
Mr. & Mrs. Benjamin Williams, Delores, Sylvia,
Cynthia, Rosalyn, Sheila of Miami, Florida, Geniva
Anderson, George Thurston, Poiter family of Miami,
Florida, Elizabeth Williams, Merlene Decosta, Mable
Higgs, the Major Subdivision family, Calvary Bible
Church family and the Straw Market family.

































Viewing will be held at the Chapel of Butlers’ Funeral
Homes and Crematorium, Ermest and York Streets on
Tuesday from 10:00 a.m. until 5:00 p.m. and on
Wednesday from 10:00 a.m. until 12noon and from
1:00 p.m. until service time at the church.






while preparing them'to
achieve academic.and per-'.

i STUDENTS who have
enjoyed the EEO and :
DCMS programmes,
sponsored by the Lyford
Cay Foundation.

(Photos: DP&A, 7
courtesy EEO/DCMS)









sonal goals. By contrast;
South Eleuthera’s Deep
Creek Middle School
(DCMS) has, since its incep-
tion four years ago, -pre-
pared about 30 seven to
ninth graders for the
Bahamas Junior Certificate
Examination, emphasising
hands-on learning experi-
ences.

DCMS Principal Jennie
Freeman, explained: “We
also serve the community as
a library and resource cen-
tre.

The Lyford Cay Founda-
tion has shown us that they

. believe in our mission and
‘deeply

care about
Eleuthera. These donations
help our, children afford the
cost of our.programme.”

According to °Mrs
Holowesko, both recipients
serve a broader goal.

Families

“Above and beyond

- meeting the needs of the

students they work with, not
to mention empowering
them and their families,
these two organisations do a
terrific job of focusing all of
us on the communities that
need help outside of the
major population centres.
They bring people from
Nassau, Freeport and
abroad to their communi-
ties to help improve local
know-how and best prac-
tices. They are both doing
an amazing job,” she said.
“REO and DCMS are run
extremely professionally in
a transparent manner and
with the children’s needs at
the top of their agendas. It
is a pleasure to work with
them.”

Lang Fincher of EEO also
agrees that this gift from the
Foundation is also a wel-
comed blessing. “The Foun-
dation assists our efforts to
train, gather professional
resources, establish a pro-
fessional network, and pro-
vide necessary assistance
to our special needs chil-
dren.”

The Gifts and Grants arm
of the Foundation, best
known for its scholarship
awards, responds to project-
specific needs throughout
the islands of the Bahamas.
This year’s gifts and grants
total more than $200,000,
funding improvements in
health, education and youth
development.




Harbour Island judged best in the Caribbean

@ By KARIN HERIG
Tribune Staff Reporter



HARBOUR Island has been
named the “world’s best island”
in the Caribbean region by the
internationally renowned Trav-
el and Leisure magazine.

Harbour Island was awarded
the title in the travel magazine’s
10th annual‘ World’s Best
Awards readers’ survey, in
which readers were asked to
choose from all the islands
and/or cities in the Caribbean
region, including Bermuda.

Winners in all the categories
were then celebrated during a
special lunch and gala at the
Four Seasons hotel in New
York last Thursday.

“This is a major accomplish-

“-ment, a great honour,” Minister

of Tourism Obie Wilchcombe
said yesterday, adding that the
ministry is now also preparing a
celebration for the residents of
Harbour Island.

The minister said he attrib-
utes this win to the unique and
diverse character of the island.

“Harbour Island offers a very
unique brand of tourism, it has
a lot of character,” he said.

“You have a very diverse soci-
ety in Harbour Island. You have
the black and the white Bahami-
ans living and working together,

‘and visitors feel very comfort-

able in this environment.
“Then you have the rich liv-
ing together with the not so

wealthy. No matter who you
are, no matter the hue of your
skin, you can walk down the
streets of Harbour Island go to
the nearest snack bar or to a
five-star restaurant,” he said.

Residents in the past months
have vowed to resist the pro-
posed Romora Bay Develop-
ment “with heart and soul”.
They have appealed to govern-
ment to put a stop to what they
see as an unsuitable addition to
theircommunity. —

“I believe that the magic of
Harbour Island is made up of
the people, it’s more than just
hotel rooms, and I am sure that
one or two developments will
not be able to kill the spirit of
these people,” the minister said.







fei

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PAGE 16, MONDAY, JULY 18, 2005 THE TRIBUNE

LOCAL NEWS



Crowds attend funeral for
Father Anthony Roberts |



B PRIME Minister Perry Christie and Deputy Prime Minister Cynthia Pratt give their —
last respects to Father Roberts at the graveside. THE p
(Photo: Mario Duncanson /Tribune Staff) , Photo: Franklyn G Ferguson





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One in three schoc
leavers unemploye

By NEIL HARTNELL
‘Tribune Business Editor

JUST over one in three
Bahamian school leavers is
unable to find a job and
becomes unemployed, a find-
ing that raises disturbing ques-
tions about the pace of eco-
nomic growth and whether the
education system is equipping
graduates with skills attractive
to employers.

The Labour Force and House-
hold Income Survey for 2004,

performed by the Department .

of Statistics and just made fully
public, said data extrapolated



MONDAY, JULY 18, 2005

from its survey of 3,500 Bahami-
an households revealed that the
youth unemployment rate in this
nation was 34.6 per cent.

It also found that some 40.per

_cent of those Bahamian workers

who are unemployed are aged
under 25 years-old.

The disturbing findings on the
level of youth unemployment
are likely to mean two things.
First, that the Bahamian econ-
omy is not growing rapidly
enough, and is not diverse
enough, to provide enough jobs

for the hundreds of school
“leavers who graduate each sum-

mer.

Cable approval to
give south ‘most
modern telecoms’

@ By NEIL HARTNELL .
Tribune Business Editor

. MANY southern Bahamas
islands will be opened up to
“the most modern telecommu-
nications” technologies, includ-
ing cable television, Internet,
video and data streams, when
a Cable Bahamas subsidiary,
received formal go-ahead for its
$45 million Jamaica Bahamas
Cable System (JBCS).:

; Anthony Butler, Cable

Bahamas president and vice-
president of its Caribbean
Crossings subsidiary, told The
Tribune that the latter was now
awaiting approval of its Envi-
ronmental Impact Assessment
(EIA) by the Bahamas Envi-
ronment, Science and Technol-
ogy (BEST) Cominission before

. the JBCS project could proceed.

He said the company had
accomplished “step one” in

SEE page 6B



‘Oil companies
- still waiting for
PetroCaribe detail



a MINISTER of trade and industry Leslie Miller

@ By NEIL HARTNELL
Tribune Business Editor

BAHAMIAN oil companies
are still waiting for the Gov-
ernment to supply them with
details. about how the Petro-
Caribe agreement and proposed
National Energy Corporation
(NEC) will impact their busi-
ness and supply chain; some two

icronet

BUSINESS TECHNOLOGY

weeks after the deal was first
announced.

When asked by The Tribune
if the Government had provid-
ed any details on PetroCaribe,

Louis Curti, Shell (Bahamas)

country chairman, said: “No. So
far, we are in the same situa-
tion” as when the agreement

SEE page 4B



www.micror



Since 1983

‘opt to take time out before

‘ BGCSEs, is not producing

Miami Herald Business, Stocks, Analys sis, Wall Street

Although it is not known
exactly how many high school
leavers there are each summer,
and a fair percentage may be
going on to higher education or

seeking employment, some esti- .
mates ‘put the number as high as
4,400.

And second, that the
Bahamian education system,
where pupils are attaining an
average grade of ‘D’ in their

enough motivated and qualified
graduates who have skills that
are attractive to Bahamian
‘employers.

@ By NEIL HARTNELL
Tribune Business Editor




THE major financial backer for New
Providence’s British Colonial Hilton and
South Ocean Golf and Beach resorts has
demanded that regulators withdraw an
“incomplete and inaccurate” report that
had “special concern” about its invest-
ments in the two Bahamian properties. ©
The Canadian Commercial Industry
Workers Pension Plan (CCWIPP) has hit
out at.a March 2005.report by the Financial

that criticised it for breaching federal reg-
ulations at home through its lending and

SEE page 5B

MoneyGrows@ColinaFinanci al.corm

tbs From desktop to departmental workhorse:, in brilliant color,
Toshiba copiers have more features, more functions,
more technology.

The survey did not identify
what it meant by ‘youth’ unem-
ployment, but this category is
likely to include workers aged
between 15-19 years-old at the
very least, and possibly those in
their early 20s. ,

Although he had nat seen the
report when. contacté:d by The:
Tribune, Philip Sinnon, the
Bahamas Chamber: ‘of Com-
merce’s executive director, said
when told about thie rate of

« ‘business, Freeport Concrete Despite the reduction in prof-
ie The: foyulent. At may speak said it would be leasing space «its, Freeport Concrete said 2005
may not be dynamic enough, oe ina “btand new building” that — third quarter sales were 4.8 per
y is curréntly under construction cent of the 2004 comparative
for its Home Centre business.
SEE page 6b The [Home Centre had been. SEE page 2B

Services Commission of Ontario (FSCO)

"She deserves a bright fu
called Colina Fina

For professional financial advice jin a friendiy atmosphere, you should call:

S Colina.

(OFAL ‘has provided the fuduire value projections for mformational purposes only
ipelential for-profit. ‘When investing, alwayom,

Past pariommen









1 | New store boost
d despite Freeport




Concrete’s loss

@ By NEIL HARTNELL
Tribune Business Editor






operating exclusively from its
heavily damaged Freeport base
ever since the hurricane, some-
thing understood to have taken
a toll on sales to retail cus-
tomers, although building sup-
plies revenues had risen
because of the damage from
hurricanes Frances and Jeanne.
To counteract the fall-off in
retail sales, Freeport Concrete
said its newly-opened Home
Centre store at Seahorse Plaza
was already profitable and
“performing very well”.








FREEPORT Concrete is
hoping to move its Home
Centre retail format into a
new building by February’
2006, having ended the lease -
‘on its former hurricane-dam-
aged premises. during a 2005
| third: quarter that saw it fall
to.a $147,088 loss.

Attributing the loss for the
three months to the end of
May 3h 2005, to its concrete












































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Tel: (242) 328- 3040
Fax: (242) 328-3043


PAGE 2B, MONDAY, JULY 18, 2005



THE TRIBUNE



Pe ee Business ae

Aa aA GL



It was a short and quiet past
week in the Bahamian market
as just over 12,000 shares
changed hands.

The market saw five out of
the 19 listed stocks trade, of
which two advanced, two
declined and one remained
unchanged.

with 5,850 shares trading, and
accounting for 47 per cent of
total shares traded, was Com-
monwealth Bank. (CBL).

The big advancer for the
week was Freeport Oil Hold-
ings (FCL), whose share price
‘rose by $0.52 to close at its new
52-week high of $8.98.

Hospital Health Systems
(DHS) lost $0.24 to end the
week at $2.26.

COMPANY NEWS
Freeport Concrete Company
(FCC) -

31, 2005; FCC posted a net loss
of $147, 000 or ‘$0.03 per share
compared to'net profit of
$94,000 for the same period last
year. —

to total $5.7 million, while cost
of sales grew by:7 per cent to
total $4.3 million. Operating
-expenses rosé dramatically by
some 21 per cent to total $1.4
million, compared to $1.2 mil-
lion in 2004.
The most notable increases
took place in the areas of pay-
roll costs and other operating
expenses, which rose by 22 per
cent and 60 per cent respec-
tively.

FCC management has cited
the addition of new employees
and increases in bank and pro-
fessional fees as the cause for
the sharp climb in its operating
expenses.

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Investors Tip of the Week

‘Energy Saving Tips:
_* Turn off appliances, lights
and equipment when not in use.
.* Unplug electronic devices
and | chargers when they are not
in use — most new electronics
use electricity even when
. Switched ‘off’.
_ * Unplug or recycle that
spare refrigerator in the garage
if you do not really need it.

Take control of your. banking with the convenience of Scotiabank’s Internet
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242-356-1697 thru 9.

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Life. Money. Balance both. 1-800-472-4648

¢ Trademarks of The Bank of Nova Scotia. Trademarks used under license and control of The Bank of Nova ‘sccitia.



Colina

Financial Advisors Ltd.



= ) FIDELITY






Pricing information As Of:























‘Symi



Kerzner. International BDRs 0.00%
‘0,






Last Price
11.00

52wk-Low
12.50 Bahamas Supermarkets
10.00 Caribbean Crossings (Pref)

52wk-Hi
73.00

Weekly Vol.




‘1.488 0.960















0.00%
6.93%

43.00
14.00
0.54

28. 00 ‘ABDAB

13.00 Bahamas Supermarkets 4.105 0.810



S2wk-Hi “S2wk-Low





_ Fund Name... NAV YTD%o Last 12 Months Div $ Yield %
1.2339 1.1710 Colina Money Market Fund 1.233938”
2.3657 2.0018 Fidelity Bahamas G & | Fund 2.3657 ***
10.4330 10.0000 Fidelity Prime Income Fund 10.4330*****
2.2487 a pets Colina MSI Preferred Fund 2.248725**

1.120044****

Ee — Bond Fund

BISX ALL SHARE INDEX - 19 Dec 02:= 1,000.00

52wk-Hi - Highest closing price in last 52 weeks

52wk-Low - Lowest closing price in last 52 weeks

Previous Close - Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume
Change - Change in closing price from day to day

Daily Vol. - Number of total shares traded today

DIV $ - Dividends per share paid in the last 12 months

P/E - Closing price divided by the last'12 month earnings

** - AS AT MAY. 31; 2005/ **** - AS AT’ MAY. 31, 2005 .
* - AS AT MAY 27, 2005/ *** - AS AT JUNE. 30, 2005/ ***** AS AT JUNE. 30, 2005
















YIELD - last 12 month dividends divided by closing price

Bid $ -. Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price

Weekly Vol. - Trading volume of the prior week

EPS $ - A company's reported earnings per share for the last 12 mths
NAV - Net Asset Value :

N/M - Not Meaningful

FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100




Volume leader for the week .

On the down side, Doctors —

“For the quarter ending May °

Sales increased by.5 per cent .

Abaco Markets 0.00 -0.208 0.000 N/M 0.00%
Bahamas Property Fund 0.00 1.452 0.340 6.0 3.91%:
Bank of Bahamas 0.00 0.561 0.330 11.5 5.12%f
Benchmark 0.10 1,300 0.187 0.000 4.3 0.00%
Bahamas Waste 0.00 0.122. 0.000: 11.5 4.29%
Fidelity Bank 0.00 0.062 0.050 16.9 4.76%)
Cable Bahamas 0.00 0.589 0.240 13.6 3.00%
Colina Holdings 0.00 — 0.259 0.060 8.5 . 2.73%
*Commonweaith Bank -0.05 5,850. 0.673 . 0.410. 13.1 4.66%
Doctor's: Hospital * 0.00 0.452 0.000 5.5 0.00%|
Famguard 0.00 0.428 0.240 9.6 5.83%
Finco 0.00 . Q.662 0.500 15.7. 4.76%)
FirstCaribbean 0.00 0.591 0.380 12.6 4.34%)
Focot 0.52 5,200 0.708 0.500 12.7 S.57%EH
Freeport Concrete 0.00 : 0.082 0.000 14.0 0.00%
ICD Utilities 0.00 0.818 0.405 11.7 4.20%)
J. S. Johnson 0.00 0.561 0.550 14.8 6.75%F





BISX
SYMBOL PRICE



DIVIDEND/AGM NOTES:



The Local Stock Market

FINDEX 435.63 YTD 1.321%
CLOSING CHANGE

AML $0.89 $-
BAB $1.05 $-
BBL $0.80 $0.10
BOB $6.44 $-
BPF $8.70 $-
BSL $12.25 $-
BWL $1.40 $-
CAB $8.00 $-
CBL _. $8.80 - $-0.05
CHL $2.20 $-
CIB $8.75 $-
DHS $2.26 $-0.24
FAM $4.12 $-
FCC $1.15 $-
FCL $8.98 $0.52
FIN $10.50 $-
ICD $9.60 $-
JSJ $8.30. ae
‘KZLB $5.88 ~~ —$-0.01
PRE 100) $-

@ Benchmark (Bahamas) (BBL) has declared a dividend of
$0.01 per share payable on July 29, 2005, to all common share-
holders as.at record date July 15, 2005.

@ Kerzner International (KZL) will hold its Annual General
Meeting on July 19; 2005, at 10am at Atlantis, Paradise Island,
Coral Towers, New Providence Room, Nassau, Bahamas. -







VOLUME YTD PRICE







CHANGE
0 -19.09%
0 - 9.38%
1300 -5.88%
0 12.00%
0 8.75%
0 -5.77%
0 -22.22%
0 12.68%
5850 23.94%
125 0.00%
0 16.82%
1000 50.67%
0 4.04%
0 -42.21%
5200 12.25%
0 8.25%
0 -2.93%
0... . 0.97%
0 -2.97%
0 0.00%













International Markets

FOREX Rates

Weekly,
1.2206
1.7518
1.2037

CAD$
GBP
EUR

Commodities

Crude Oil
Gold

International Stock Market Indexes:
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10,640.83
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_NASDAQ™: +) +» 2-2:156.78
NG i eh 1775865

DJIA
S&P500



* Replace air conditioner fil-.
ters monthly to allow for maxi-
mum benefit. Dirty filters

FROM page one

period at $5.685 million, due to
increases at its Robin Hood for-
mat.

However, this was not
enough to stop an operating loss
of $40, 415 as opposed to last
year’s $236,859 operating prof-
it, and the eventual ret loss.
Gross profit margins fell year-

on-year from 25.8 per cent to’
- 24.1 per cent.

There was better news for
Freeport Concrete sharehold-
ers on accounts receivables,
which fell by almost 17 per cent
during the third quarter, going
from $1.969 million at the end
of February to $1.685 million.

Apart from an “aggressive
pursuit” of overdue accounts,
which could ultimately lead to
court action as a last resort,
Freeport Concrete also refi-
nanced its credit facilities during
a busy third quarter. It also

- obtained financing for the con-

Weekly
$58.09
$421.30

' % Change
0.17
0.83

0.62

% Change
2.58
-0.59

. % Change
1.83 —
1.33
2.08
1.67

restrict airflow and can cause
the system to run longer,
increasing energy use.



Home Centre to move

crete plant relocation and block- |
making plant construction.
This activity, though, caused a
rise in bank fees that pushed
general and administrative
expenses during the third quar-
ter higher to $616,397, an
amount equal to 10.84 per cent
of sales as compared to the pre-
vious year’s 9.4 per cent.
Payroll costs rose to 14. per
cent of sales, compared to 12.1
per cent of sales in the 2004:
comparative period, due to
additional staff hirings for the
new Freeport Home Centre
store and costs associated with
Robin Hood’s sales increases.
For the nine months to May
31 2004, the $322,916 in net
income and $16.48 million in
sales are relatively flat in com-
parison to the 2004 figures.
However, increases in payroll
and other costs had prompted a
rise in expenses to $3.788 mil-

lion compared to the previous

year’s $3.525 million.

ONCE IN A LIFETIME OPPORTUNITY
OWNERS MUST SELL

Prime lot in exclusive gated community * On the water
One of the largest properties in the nautical enclave of

Prestigious Port New Providence

Priced below market for quick sale

$399,000

Phone 242-424-3641 or 242-357-3535
BREA Realtors welcome, please add fee




THE TRIBUNE

MONDAY, JULY 18, 2005, PAGE 3B

BUSINESS



tank’s warning not to rely
on cheap fuel from Venezuela

fi By NEIL HARTNELL
Tribune Business Editor

An economic think-tank has
told Bahamians they cannot
“count” on the lower oil and
gas prices promised by the
PetroCaribe agreement, as it
potentially leaves this nation
reliant on a single supplier with
the oil companies having been
forced from this market.

The Nassau Institute said the
agreement the Bahamas struck
with Venezuela, which aims to
cut out the oil companies and
‘middlemen through an
arrangement that would see
this nation establish a National
‘Enérgy Corporation to direct-
‘ly purchase oil from the
‘Chavez administration, would
‘establish another government

‘monopoly and was not the way
. to go.

: Apart-from potentially leav-
‘ing'the Bahamas reliant on just

‘one source of oil, the Nassau
‘Institute and other PetroCaribe

| chiti¢s: have'‘been ‘questioning

, how’ the’ agreement would be:

‘implemented i in practice.
: It was unclear, for example,
“whether ‘the National Energy
Corporation would sell the oil
‘it purchased from the
Venez ie]
| company, “PDVSA, to Shell,
' Texaco and Esso, or whether it

, might seek,to cut them out of. .
ithe supply. chain and deal.
‘directly with the gas station ©

_ retailers.

However, the retailers are
‘all tied to purchasing oil from a
‘specific.company due to the
. franchising agreements they
: have with the three oil suppli-

ers. If Leslie Miller, minister
of trade and industry, who is
‘the driving: force behind the
: PetroCaribe initiative, decides
: to go down this route, it would
;mean a fundamental restruc~

‘ turing of the Bahamian petro-..

‘ leum industry that could force








lan State-owned oil’

| ie arb J. siaaare
- Lawn How To Improve Your Health. —
- Sée How To Increase Your Waalth

Tuesday July 19” 2005

Nassau Institute
questions efficacy
of deal with Chavez
administration



out the oil companies.

The Nassau Institute said:
“Tf the deal with Chavez suc-
ceeds in forcing the withdraw-
al of the current suppliers due
either to government coercion
or undercutting prices, and the
country is left dependent on a
single supplier, there is no
guarantee that the good times
of the initial lower prices will
last. In fact they won’t last,
count onit.” ~

Advice

It instead urged the Govern-
ment against becoming direct-
ly involved in the oil supply
chain through the National
Energy Corporation, and urged
it to reassess its current poli-
cies, including price controls
and the taxes it levies. These
are $1.06 on the price of a gal-
lon of gas, plus 7 per cent

‘stamp duty on the cost of

imported fuel.

The Nassau Institute said:
“The Government of the
Bahamas has for some time
been much involved in the
market for fuel. Price controls,
limiting the number of suppli-
ers, taxation and other regula-
tions, have been factors in the

a-price at the pumps... .

. “Government, through the
newly created National Energy

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Over Weight, Or Other Medical Conditions?

Y

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Inites You To Met

Dr. W. Alan Tomlinson
Mr. Keith J. Harding»

7-30 p.m.

Holy Trinity Adivity Center

itr

INC.



Dr. W. Alan Tomlinson

Council, has expanded its role

and the outcome based on past.

history of government man-
agement in other areas of the
economy is predictable..

“A brutal fact of life is the
record of Government mis-
management that demands a
free market solution to the
problem of high fuel prices,
rather than a government
monopoly solution that dimin-
ishes market forces even fur-
ther.”

The economic think-tank,
like other critics’ and analysts,
warned that in Venezuela’s
eyes, PetroCaribe was more
than just a fuel supply deal, and
constituted an attempt by the
country’s president to extend
his influence throughout the
Caribbean.

“Leslie Miller was lured into
the PetroCaribe agreement
with the promise of lower
prices. He succumbed to the
proverbial ‘free lunch’ princi-
ple. The Chavez agenda for
‘regional energy integration’
ought to be a wake-up call for
the defenders of economic
freedom in the Bahamas. What
else could be ‘integrated’ into
the Chavez agenda for the
Caribbean? “ the Nassau Insti-
tute asked.

“Time will tell who becomes
the lunch and who gets to’ eat






















The Management of Banca del Gottardo commemorated its 30th Anniversary
in The Bahamas by inviting its staff to a casual dinner at Luciano’s of Chicago.
In this friendly environment the Management thanked the staff for their loyal
services, Three members of the staff were honored in particular for their long
standing services. Mrs. Candace Russell (left), Payments Department, Mrs.
Patricia Mackey, Associate Director, Accounting and Payments (right) and
Ms. Vernita Sweeting, messenger (center) celebrate their aS anniversary with
our organisation. Congratulation —

30th Anniversary Staff Dinner at Luciano’s of Chicago

Jromle? to right: Candace Russell, Payments Department, Bruno Pletscher, Director Operations
and Human Resources, Vernita Sweeting, Messenger, Fabrizio Tuleta, Director and Head
of Banca del Gottardo Nassau Branch, Patricia Mackey, Associate Director, Accounting and
Payments Department.







Features for 1.8 litre model include: automatic
transmission, air conditioning, power windows,
locks & mirrors, immobiliser and remote keyless
entry, alloy wheels, dual airbags, leather
upholstery and CD changer.

@ TOYOTA

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AUTHORISED TOYOTA DEALER
Parts and service guaranteed

Features for 1.6 litre model include: automatic
transmission, air conditioning, power windows,
locks & mirrors, immobiliser and CD player.



Collins Ave (South of 6th Terrace)
Open: Mon to Fri 8am - 5:30 pm
Sat 8am - 12 noon Sx
Tel: 322-6705/6 © Fax: 322-6714 cm,
E-mail:,execmotor@batelnet.bs ,
Salesperson: ‘Pain Palacious,
Barry Pinder, Terrol Cash




PAGE 4B, MONDAY, JULY 18, 2005

=} UT) os)

THE TRIBUNE



Lehman still controls Royal Oasis’ destiny

By NEIL HARTNELL
Tribune Business Editor

A NEW York-based private
equity company holds the key
to whether plans by a flamboy-
ant US attorney and his part-
ners to purchase the Royal
Oasis Crowne Plaza & Golf
Resort as part of a potential
$300 million tourism develop-
ment will come off.

Although wealthy attorney
Willie Gary sounded confident
that he and his partners could
restore the fortunes of the Roy-
al Oasis and Grand Bahama in
interviews given at Nassau
International Airport, it is
Lehman Brothers’ private
equity arm, which holds a
mortgage on the resort, that
controls the property’s ultimate
destiny.

Acquisition

Lehman Brothers, which
financed the 2000 acquisition
of the Royal Oasis, has effec-
tively positioned itself as the
resort’s owner, creditor with
first call on its assets, and oper-
ator by virtue of. the stake it
holds in Driftwood, the hotel’s
manager.

Lehman Brothers and Drift-
wood are seeking to sell the
Royal Oasis for a sum equal to
its massive liabilities, and
sources have told The Tribune
that the pair are seeking too
high a purchase price, given the
resort’s troubled history and
financial. performance. Apart
from the initial purchase price,
the two are understood to have
sunk some $60-$70 million into
the Royal Oasis.

It is unclear whether Mr Gary
and his partners have spoken

‘to either Driftwood or Lehman
Brothers about their proposed
plans, but as the Royal Oasis is
privately owned, they must
clinch a deal with the current
owners in the first instance
rather than the Government.



Please reply to:



° Analytical skills for direction.

® Speak Spanish fluently.



Applicant must:

curricular program.

| should be sent to:




RESIDENT MANAGER NEEDED

for 24 apartment condominium on Cable Beach.
References and business experience essential.
The Tribune Limited
DA 3864

P.O. Box N 3207
Nassau, Bahamas

DE

¢ Three year previous experience in Travel Agencies management
e Fully trained in Tour Tek Computer System
e Experience organizing team work

e Strong Accounting knowledge.

e Wide Knowledge of the Cuban Tourist products

Applicant shall send the resume to
P.O. Box EE-16319 before July 25.
Only the successful applicants will be contacted.

Tate MRL ess

’ Temple Christian Elementary School invites applications
‘from qualified teachers for the 2005-2006 school year:

1 Art Teacher

A. Be a born-again practicing Christian who is willing
to subscribe to the Statement of Faith of Temple
Christian Schools.

Have an Associates and or Bachelor’s Degree
in Education from a recognized College or
University in the area of specialization.

Have a valid Teacher’s Certificate or Diploma.

Be willing to contribute to the school’s extra

Application must be made in writing with a full Curriculum
| Vitae, a recent coloured photograph and three references

The Principal
Temple Christian Schools
Collins Avenue
P.O. Box N-1566
Nassau, Bahamas

Mr Gary said he and his busi-
ness partners had visited the
Royal Oasis with construction
experts several times in recent
months, and he was talking to
wealthy African-Americans
such as Michael Jackson,
Michael Jordan and Shaquille
O’Neal about joining a potential
bid.

Harcourt Developments, the
Irish land developer; has
already pulled out of negotia-
tions. with Lehman Brothers,
although the Government was
quick to mention that other par-
ties were interested in the
resort.

Kirk Antoni, the legal repre-
sentative for Harcourt and a
partner in the Grand Bahama-
based firm, Cafferata and Co,
previously told The Tribune his
client pulled out of negotiations
when Lehman _ Brothers
declined to extend the due dili-
gence period.

“There's no deal. The Irish
group have pulled out. They
were in pre-contract negotia-

tions for the sale but no agree-

ment could be reached with
Lehman Brothers," Mr Antoni
said. -

_ “Harcourt Developments i is
a major investor in Bahamia
and they are involved in a siz-
able development in Suffolk
Court, and will continue to
invest in Grand Bahama. As
of now, they are not pursuing
anything with the Royal
Oasis."

Based on the age of the resort
buildings, it is likely that Har-
court Developments would
have had to do major renova-
tions to the internal infrastruc-
ture of the property.

- But before determining what
the reconstruction costs would
be, they needed to do an in-
depth investigation.

Mr Antoni said Lehman

. Brothers was not prepared to
_extend the period unless Har-

court paid a substantial non-
refundable deposit to them to
keep the property off the mar-




































ket, something the Irish firm
declined to do.

The Royal Oasis has been
closed since Hurricane Frances
badly damaged it last Septem-
ber, causing significant damage
to Grand Bahama's economy
due to the fact that its 1300
employees have been left with-
out work, and that its rooms
represented about one third of
the inventory for the island.

Insurance

Lehman Brothers and Drift-
wood, which operated the resort
under a management agree-
ment, decided to collect the
insurance proceeds from the
hurricane claims and sell the
Royal Oasis for a sum not less
than its massive liabilities, which

then totalled some $22 million.
The insurance claims has since
ended up before the US courts.

This included $13 million in
unpaid casino taxes, $4.1 mil-
lion in contributions to the hotel
union pension fund, $2.7 mil-
lion owed to the Grand Bahama
Port Authority and its compa-
nies and $2.5 million to the
National Insurance Board
(NIB). A further $55,000 was
owed to Grand Bahama-based
suppliers of the hotel.

The owed NIB and union
dues have since been paid off.

Last month, former employ-
ees of the Royal Oasis received
a $5 million payout from the
Government, as part of its
agreement to underwrite the
$6.1 million redundancy pay-
ments owed by the operators of
the resort.

The remaining $1.1 million is
subject to parliamentary
approval before it can be dis-
bursed.

Meanwhile, Prime Minister
Perry Christie used the ground-
breaking for Eleuthera Proper-
ties $300 million Sea Shells at
Cotton Bay resort to express
the Government’s disappoint-
ment that other investment pro-
jects on the island had not pro-
ceeded more rapidly.

Referring to a development
in central Eleuthera, Mr
Christie said: “This was
announced at least a year to 18
months before we announced
this development, and I am dis-
appointed that they have not
taken the steps that we had
anticipated.”

Mr Christie said he expects
those developments to move

ahead because of the effort gov-
ernment is making to propel
investors towards development.

Although the Prime Minister
did not identify the project he
was talking about, US investor
Edward Lauth had signed a $40
million Heads of Agreement to
redevelop the former Club Med
property at Governor’s Har-
bour.

Allyson Maynard-Gibson,
minister of financial services
and investments, had previous-
ly told The Tribune that the
investor was in talks with the
Government about revising the
Heads of Agreement.

Another project announced
for Eleuthera several years ago
was a $70 million proposal to
revive the Windermere Island

' Club by US investor Joseph

Carty Rich.

Oil companies still in the dark on PetroCaribe

FROM page one

was signed at the end of June.

Suspicions are increasing that Leslie
Miller, minister of trade and industry,
signed up to the PetroCaribe accord with-
out Cabinet approval. It is also understood
that the regional and international head
offices for the three main oil companies -
Shell, Texaco and Esso - are nervous about
what the signing of the agreement means
for their operations in the Bahamas and
other Caribbean nations that signed up to
it.

Although Mr Miller has previously said
the PetroCaribe. agreement with
Venezuela is nothing more than an oil and

petroleum supply agreement, that coun-.

try’s populist president, Hugo Chavez,
views it as a critical piece in a wide jigsaw
puzzle designed to provide a buffer
between his government and the Bush
administration.

In particular, the first clause of the nine-
page draft document binds PetroCaribe,
which is intended to contribute to "energy
security, Caribbean social and economic
development and regional integration”, to
what is termed as the "Bolivarian Alter-
native for the Americas" (ALBA).

This is Mr Chavez's counter to the US-

sponsored Free Trade Area of the Amer- .

icas (FTAA), and the sight of the Bahamas
and Caribbean countries signing up to an
initiative promoted by a leader who is ‘per-
sona non grata’ in Washington is unlikely
to go down well with the Bush adminis-
tration.

Supporters of the PetroCaribe agree-
ment privately agree that the language
used in the draft is unfortunate, but point
out-the benefits it will bring the Bahamas

NOTICE

RBC/ROYAL BANK OF CANADA INVITES

TENDERS

RBC/Royal Bank of Canada invites tenders for the purchase

of the following:

in terms of lower gas and electricity costs,
which will reduce the cost of living.

They are arguing that the oil companies
have long exploited the Bahamian mar-
ket for excessive profits, and say there
should be no fears about Venezuelan oil
drying up, as supplies continued despite
a 2003 strike aimed at toppling President
Chavez. Venezuela is also the third largest
supplier of oil to the US, and is the source
from which the Bahamas already gets its
oil anyway.

And PetroCaribe’s backers add that the
agreement Mr Miller signed does not yet
bind the Bahamas to procuring oil in this
manner; as this needs a Heads of Agree-
ment to be negotiated directly between
Nassau and the Chavez administration.

A draft copy of the PetroCaribe accord
obtained by The Tribune shows how much
Venezuela will subsidise Bahamian pur-
chases of oil from PDV Caribe, an affiliate
of its PDVSA state-owned oil company.

If the price is above $15 per barrel, the
level of subsidisation will be 5 per cent.
For $20 per barrel it will be 10 per cent; $22
per barrel at 15 per cent; $24 per barrel at
20 per cent; $30 per barrel at 25 per cent;
$40 per barrel at 30 per cent; and for $50
and $100, 40 per cent and 50 per cent
respectively.

The-grace period for financing will be
extended from one year, as laid out in the
Caracas Energy Accord, to two years, with
the grace period for short-term financing
extended from 30 days to 90 days.

_ The PetroCaribe deal also allows for
credits and the exchange of technologies to
allow the Bahamas and other Caribbean
countries to develop fuel eueleney pro-
grammes and systems.

Venezuela has also pledged to help the

Bahamas establish its National Energy
Corporation (NEC), and provide further
savings through shipping oil at ‘cost price’.

In.return, Venezuela can purchase items
such as sugar, bananas or other goods and || .
services “that are believed to be affected
by the trade policies of rich countries" at
preferential rates from the Bahamas and
other Caribbean nations.

Mr Miller has touted cost savings for
the Bahamas Electricity Corporation
(BEC) as one of the major benefits to flow
from PetroCaribe.

“BEC could easily save between. $10 |,
and $15 million a year with this agree-'].
ment. We have a deal now where: BEC
can purchase 60 per cent of their fuel.and
get the other 40 per cent on credit. And on
that 40 per cent they have 90 days to pay
for it, with only a one per cent interest
rate. And, Venezuela has agreed to also
assist in the shipping of the fuel," he said.

The oil companies have said many issues
have to be accounted for in the oil supply
chain, apart from cutting out the middle-
men - their offshore subsidiaries and bro-
kers - as Mr Miller and PetroCaribe have
promised to do.

Among the issues to be accounted for
are shipping, security, storage facilities, |
bunkering, inventory. levels and taxation.

The oil companies, due to their inter-
national networks and expertise, are able
to switch oil suppliers "seamlessly" - to
refineries in the US, Europe and the Far
East - if produce from one source was dis-
rupted, thus guaranteeing security and a
reliable supply.

It is unknown at this point, though, if
the same qualities had been allowed for
when Mr Miller sence on to the Petro-
Caribe accord.

NOTICE

RBC/ROYAL BANK OF CANADA INVITES

TENDERS

RBC/Royal Bank of Canada invites tenders for the purchase
of the following:

“ALL THAT piece pared or Lot “5”, Block #31, Shirley Hights
situated in the Southern District of the Island of New Providence
one of the Islands of the Commonwealth of the Bahamas.
Situated thereon is a Single family Residence consisting of (2)
bedrooms, (1) bathroom.

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

Property Size: 5,000 sq. ft.
‘Building Size: 850 sq. ft.

Ajl offers should be forwarded in Writing in a sealed envelope,
addressed to the Manager, Royal Bank Loan Collection Centre,
P.O. Box N-7549, Nassau, Bahamas and marked “tender 7927”. ,
All offers must be received by the close of business 4: am pm, »
Friday 22nd July, 2005.

NOTICE

RBC/ROYAL BANK OF CANADA INVITES
TENDERS

RBC/Royal Bank of Canada invites tenders for the purchase
of the following:

“ALL THAT picce parcel or Lot #15, Malcolm Allotment,
situated on one of the islands of the Commonwealth of the
Bahamas in the Southern District situated thereon is a Single

Familly Residence consisting of (3) bedrooms and (2) two
bathrooms.

This property is being sold under Power of Sale contained in
a Mortgage to F INANCE CORPORATION OF BAHAMAS
LIMITED.

Property Size: 5,000 sq. ft.
Building Size: 950 sq. ft.

All offers should be forwarded in writing in a sealed envelope,
addressed to the Manager, Royal Bank Loan Collection Centre,
P.O. Box N-7549, Nassau, Bahamas and marked “tender 6306”.
All offers must be received by the close of business 4:00 pm,
Friday 22nd July, 2005.





“ALL THAT piece parcel or Lot #12, Elmas Close, Sandilands
Village situated in the Eastern District on one of the islands
of the Commonwealth of the Bahamas. Situated thereon is a
Duplex Apartment consisting of 1(2) bedrooms, (2) bathroom
and 1 - (2) bedrooms, (1) bathroom.

This property is being sold under Power of Sale contained in
a Mortgage to FINANC CE CORPORATION OF ae
‘LIMITED.

Property Size: 5,873 sq. ft.
Building Size: 1,870 sq. ft.

All offers should be forwarded in writing in a sealed envelope,
addressed to the Manager, Royal Bank Loan Collection Centre,
PO. Box N-7549, Nassau, Bahamas and marked “tender 0887".
All offers must be received by the close of business 4:00 pm,
Friday 22nd July, 2005.

NOTICE

RBC/ROYAL BANK OF CANADA INVITES
TENDERS

RBC/Royal Bank of Canada invites tenders for the purchase
of the following:

“ALL THAT picce parcel or Lot of Land being No. 23,
Carmichael Road, situated in the Southern District of the
Island of New Providence one of the islands of the
Commonwealth of the Bahamas. Situated thereon is a
Commercial Building.

Property Size: 14,465 sq. ft.
Building Size: 1,200 sq. ft.

This property is being sold under Power of Sale contained in
a Mortgage to FINANCE CORPORATION OF BAHAMAS
LIMITED.

All offers should be forwarded in writing in asealed envelope,
addressed to the Manager, Royal Bank Loan Collection Centre,
P.O. Box N-7549, Nassau, Bahamas and marked “tender 07586”.
All offers must be received by the close of business 4:00 pm,
Friday 22nd July, 2005.


THE TRIBUNE

MONDAY, JULY 18, 2005, PAGE 5B





Demand for
withdrawal of
critical report

FROM page one

financial support of the Hilton
and South Ocean, plus other
Caribbean resorts acquired by
entrepreneur Ron Kelly.

“After more than two years
of an examination with which
CCWIPP fully cooperated, it is
shockingly irresponsible of
FSCO to issue a report riddled
with regulatory compliance alle-
gations that have been dis-
proved with documentation
FSCO admits was provided but
that it has yet to review,” Ron
Christophe, a CCWIPP trustee
said in a statement.

The pension fund, which has
been slammed from all sides
by regulators, plan members,
trade unionists and Canadian
media after The Tribune first
revealed its huge exposure and
failing investments in the two
Bahamian resorts in 2003, said
it had assembled and provid-
ed to the regulator “thousands
of pages” of documents fol-
lowing a December 2004 draft
report. ©

To justify its call for the
FSCO to withdraw its report,
CCWIPP and its Board of
Trustees said the regulator had
admitted in its March 2005
report that it was allegedly still
reviewing that information.

“It is completely unaccept-
able that a public agency
responsible for ensuring pen-

sion fund integrity should issue |

what it admits is an incomplete
report — one that could poten-
tially damage CCWIPP's repu-
tation in Canadian and interna-

+ tional investment communities,

negatively affect CCWIPP's
investment partners; such as
banks.and other pension funds,"
said Mr Christophe.

“We have asked that this
report by withdrawn until.there
is thorough consideration of all
the documentation provided by
CCWIPP that answers the com-
pliance concerns raided by
FSCO." -

The FSCO report, the con-
tents of which were revealed by
The Tribune in May this year,
demanded that the Board of
Trustees conduct "a complete
independent due diligence
review" of their investments in
the British Colonial Hilton and
- South Ocean to determine,

among other issues, whether all
funds advanced to the resorts
since December 2000 are
“recoverable”.

Advances

The report said that over an

18-month period between June .

14, 2001, and December 22,
2003, CCWIPP advanced a total

of almost $20 million to the.

British Colonial Hilton and
South Ocean resorts.

Over that period, some
$11.638 million was sent to
South Ocean's holding compa-
ny, the South Ocean Develop-
ment Corporation, through
Propco 34, the investment vehi-
cle which acts as the 'in' com-
pany for CCWIPP to funnel
funds to that property.

Similarly, some $8.304 mil-
lion was channelled to the
British Colonial Hilton through

. Propco 39, which acts as the 'in'

company for that resort..Lend-
ing to the resorts has contin-
ued through 2004, the report
added.

There are few details in the
Commission's report as to what
all the CCWIPP advances were
used for, although some were
used for "working capital" at
South Ocean, and others to ser-
vice both interest and principal
payments to Scotiabank.

The Commission's examina-
tion of CCWIPP blasted the
pension fund for poor record
keeping and the absence of
financial statements in relation
to companies through which
investments in the British Colo-
nial Hilton and South Ocean
were made.

The regulator was especially
concerned at the absence of
financial statements for two
companies, PRK Holdings, a
Bahamian entity, and RHK
Capital, firms through which the
Propco entities send money, to
the Bahamian resorts. This, it
added, made the pension fund
non-compliant with Canadian
regulations.

The Commission said that
since assuming RHK's obliga-
tions in 2000, CCWIPP had
advanced $32.285 million to the
resort properties in the
Bahamas and Jamaica, "but
there is no documentation to

indicate to whom these
advances were made".

In relation to the two Prop-
cos lending funds to -the
British Colonial Hilton and
South Ocean and other
Caribbean.investments, "there
were no signed debt agree-

ments covering these advances

indicating the lender, borrow-
er, interest rate and repayment
schedule.

Analysis

“There was no documenta-
tion to indicate whether an
analysis of the pension fund's
security in respect of these
advances had been performed,
or alternately, remains in place
and continues to secure obliga-

‘tions under the guarantees."

In a reference to the current-
ly-closed South Ocean resort,
the regulator said: "There is
nothing on file to indicate that
the Board [of CCWIPP
trustees] has given considera-
tion to the exposure of the pen-
sion fund in respect of these
investments nor taken steps to
secure the assets for the pen-
sion fund."

The regulatory review called
for “full appraisals" of the
Bahamian properties to be per-
formed by “arm's: length
appraisers" to determine what
could be raised through their
"forced sales", either as going
concerns or closed. properties.

In addition to demanding full
financial statements for PRK
Holdings and RHK Capital, the
regulator also called for "full
disclosure" on how all advances
from CCWIPP had been used,
confirmation ‘that the pension
fund was in a legal position to
sell the properties, and legal
opinions to confirm" there was
proper documentation in place

to "recover all funds" that had '

been advanced.

The report said CCWIPP had
advised the regulator that its
"Caribbean counsej" had given
a legal opinion that "they were
not aware of any impediment"
to the pension fund from start-
ing collection procedures or
enforcing its mortgage rights in
relation to the two Bahamian
and other Caribbean proper-
ties.

The Management of Banca del Gottardo and Gottardo Trust Company Ltd. welcomed the.
return of 3 of their staff members who recently traveled to the Head Office in Lugano,
Switzerland as part of an ongoing exchange and training program. Ms. Kendra Allen,
Administrator in the Documentation Department, had a first hand experience during 4 weeks
with respective specialists at Head Office and was able to practice her knowedge of Italian.
Ms. Lillian Russell, Associate Director and Trust Officer also spent 3 weeks with her counterparts
in Lugano, where she established important links with the financial planning department and
experienced an exposure to the Italian language, which she is presently studying, Mrs. Andrea
Singleton-Saunders, Associate Director, Compliance Officer and Legal Advisor of the Bank,
who joined the Bank in February, got an intensive 5 week introduction andj jump start in the
Italian language at the famous language school “Leonardo Davinci” in Florence, Italy. She
then visited Head Office for 2 weeks, where she interacted with the key persons of the legal
and compliance area and also had the opportunity to meet members of the executive management.
Thanks to these trips, a vast array of knowedge in their respective fidds of work was achieved
and additionally the 3 persons had an opportunity to experience the bank’s and it’s country’s
culture. The Gottardo Group intends to continue with this program to widen its s stalts

knowedge and experience.
y

from If to right: Paolo Filippini, CEO Gottardo Trust Company Ltd., Lillian Russell, Associate Director and
Trust Officer, Kendra Allen, Administrator Documentation Department, Andrea Singleton- Saunders, Associate
Director, Compliance Officer and Legal Advisor, Fabrizio Tuletta, Director and Head of Banca dd Gottardo Nassau

Branch.

College & Graduate
School of Educatior

The College of The Bahamas
Graduate Programmes Office

in collaboration with

Kent State University
Graduate School of Education

will offer the

_ MASTER OF EDUCATION DEGREE
PROGRAMME IN SPECIAL EDUCATION

Applications for the programme are available at
COB’s Graduate Programmes Office,
School of Hospitality & Tourism Studies,
Thompson Blvd.

Application deadline extended to
July 29, 2005

Please direct enquiries to:
Mrs. Sonya Wisdom
Graduate Programmes Officer
Fax: 325-8175 Phone: 323-6804 or 325-0271 Ext. 6604
E-mail: swisdom@cob.edu.bs

or

Ms. Juliet Collie
Secretary, Graduate Programmes Office
Fax: 325-8175 Phone: 323-6804, 323-6804 or 325-0271
Ext. 6607
E-mail: jcollie@cob.edu.bs


_ PAGE 6B, MONDAY, JULY 18,'2005

BUSINESS

‘THE TRIBUNE -





LEGAL NOTICE

NOTICE...
VALLEYDALE PLACE LTD.

(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 13th day of
July, 2005. The Liquidators is Argosa Corp. Inc., of P.O.
Box N-7757 Nassau, Bahamas.

_ ARGOSA CORP. INC. .
(Liquidator)



LEGAL NOTICE

NOTICE

CARLENI ENTERPRISES LTD.

‘Notice is hereby given. that in accordance with Section
137(8) of the International Business Companies Act, 2000,
the dissolution of CARLENI ENTERPRISES LTD. has
been completed; a Certificate of Dissolution has been issued
and the company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)



Munn of
Transport and Aviation

‘PORE DEPARTMENT |

The Government of the Commonwealth of
The Bahamas is seeking tenders for the
Cleaning of Potter’ s Cay Dock for the Year
2005/2008 commencing my Ist, 2005.

‘Wire 1: oe
From the eastern end of Potter’s . Cay Dock
going west.to eastern side of the east Paradise
Island rae : ss

‘Area Ik:: .:

From the rear of ‘the Fish Market
Administration Office to the entrance of the
fenced in passageway which leads to and
beyond the Fast Ferry Terminal to the western
end of Potter’s Cay Dock.

Description of Work

The above mentioned areas of Potter's Cay
Dock are to be cleaned on a daily basis as
follows:- -

1. The removal anit fisposal of all loose
pallets.

2. The removal of all trash associated é
materials.

3. To provide portable solid waste
container (55 gallon drums) and
place where needed.

4. The weeding and maintaining of the _

“Old Fort in front of thé Doéckmaster’s
Office and the entire areas as
previously mentioned.

5. To liaise with the Dockmaster on a
daily basis with regards to concerns
or complaints relevant.to the
cleanliness of the Dock.

Sealed Tenders should be marked “SCALED
TENDER?” should reach the office of the
“Tenders Board, Ministry of Finance, Cecil
= Wallace Whitefield Centre, P.O. Box N-3017,
Nassau N.P. The Bahamas’ no later than
»4:30pm, Monday, 25th July, 2005.

: The Government reserves the right to reject
_ any or all tenders. .



Third of school leavers
are unable to find jobs

FROM page one

it may speak to the fact that not
enough new businesses are
being created.

“It may speak to the finan-
cial and economic difficulties of
people becoming entrepre-
neurs.”
fact that so many young
Bahamians find it difficult to
obtain work upon leaving edu-
cation, and that such a high per-
centage of unemployment is
concentrated among those aged
under-25, means that this nation
could suffer potentially severe
social consequences and unrest.

The Labour Force survey also
showed that household income
inequality had become slightly

more pronounced since 1999.

Using an analysis called the

perfect equality” for the mid-

dle class, showing. income dis-
tribution had become more
uneven over the last five years.

For 2004, the poorest 20 per
cent of Bahamian households
_ accounted for just 4.1 per cent

“of total household income,

while the wealthiest 20 percent

-- accounted for 43 per cént.
Improvement

While still a marked .improve-
ment over readings for 1973 and
1986, when the wealthiest 20 per.
cent. of Bahamian families

"accounted for 75-80 per cent of

_ total household income, the sur-

: vey showed that the poorest 20

Lorenz Curve, the survey found |

that the line measuring the lev-
el of income inequality in the
Bahamas had moved slightly. -.

‘further away “from the line of

per. cent had effectively

remained stuck at around 4.1 per
cent of the total for since the

_ Bahamas became independent.

_ Again, this indicates that the

- policies of both FNM and PLP .

governments to eradicate
income inequality and poverty

for the poorest Bahamian fam-
ilies have failed.

The Labour Force.survey also
found that while the Bahamian

workforce had grown by 1.4 per .

cent between 2003 and 2004,
increasing from 173,795 to
176,330, the labour force par-
ticipation rate was just 75.5 per
cent.
The survey defined the labour
force participation rate as “the

percentage of the population 15 -

years of age that is in the labour
force — people who work or are
looking for work”. This implies
that almost 25. per cent of those
aged 15 are unemployed or are
not actively seeking employ-
ment, with the vast majority of
these likely to be retirees and
stay-at-home mothers.

The labour force participa-
tion rate for women was 69.4
per cent in 2004, while that for
men was 82.6 per cent.

The Labour Force survey

found that there was a:2.1 per .

cent increase in persons being

hired throughout the Bahamas
in 2004, which helped bring the
overall -unemployment.rate
down from 10.8 per cent to 10.2
per cent.

However, Grand Bahama

' saw its unemployment rate

grow, likely as a result of Hur-
ricanes Frances and Jeanne.

Looking at the whole
Bahamas, the Labour Force
survey found that the hotel and
restaurant sector experienced a
17 per cent decline in employ-
ment during 2004, which is like-
ly to have been a product of the
closure of several major resorts,
such asthe. former. Sheraton
Grand on Paradise Island, the
South Ocean Golf and Beach
Resort and the Royal Oasis
Crowne Plaza and Golf Resort
in Grand Bahama.

However, industries such as
electricity | and water, with a 15.3
per. cent increase; and whole-
sale and retail, with an 11.4 per
cent-rise, saw “significant
growth” in employment.



Cable subsidiary gets go- -ahead
_ to run services in the south |

: FROM page one

obtaining regulatory approval

cs ~from-the Public Utilities: Com-=~
mission (PUC), the telecom-

munications regulator, and

with the system,” Mr Butler
said. “Our team in the early

Part of this year yisited all the ._.which. connects. New.-Provi- -.--

island landing sites with all the

.. Government agencies.”

receiving permission from

BEST was step two. |

Once the EIA was aupeaved:

Mr Butler said the final step to

be achieved before Caribbean -
Crossings could proceed was to -

gain the submerged landing
leases for the points where the
JBCS system would connect
with the*various Bahamian
islands.

“We've still got the applica-

tion in for the BEST approval

for all the landings associated -
Private Resort Located
In The Bahamas

Among the landing points for
the JBCS, which will be a fibre
optic telecommunications sys-.
tem linking the Bahamas and
Jamaica, are Bannerman Town
in Eleuthera; Fresh Creek in

‘Andros; Landfall Point ‘in

Crooked Island; Clarence Town
in Long Island; Georgetown in
‘Exuma; and Matthew Town in
Inagua.

Mr Butler said the system
would “replicate the technolo-
gies and methodologies” Cable
Bahamas had used in con-

























- NIGHT DUTY SUPERVISOR





Seeks ‘the following professionals to join our team. Must be self motivated and
‘willing to be flexible and work. various-assigned.work.shifts.and have good
communication skills. In our employees, we look for'a passion to anticipate and
meet our guests needs and an insatiable desire to attain the highest levels of quality

privatedestinations@ yahoo.com or mail to: Private Destinations, P.O. Box
C€R54697 ws

CLOSING DATE FOR ALL Ne July 24th 2005

GARDNER |
Must possess a very good Knowledge of the science 6 of growing and maintaining
flowers, plants, shrubs, trees and lawns, Minimum three-years experience and /or
training in related field. Good understanding of landscape planning. Ability to read
and interpret English. Ability to apply common sense understanding to carry out
written or oral instructions. Responsibilities including watering, planting and
maintaining plants, flowers, shrubs, trees and lawns. A knowledge of the use of
chemicals and pesticides would be an advantage.

HOUSEKEEPING SUPERVISOR

Responsible for the maids and houseman assigned to Housekeeping and Laundry

duties. Works closely with the Resort manager to coordinate all Housekeeping and

Laundry cleaning tasks and.assignments. This includes but is not limited to:

Purchasing of cleaning and Laundry materials, monitoring all inventories, cleanliness

of all interior and public spaces, setting up appropriate task lists, i inspecting ‘guest
‘ rooms and provide on the Job training where and whenever needed. This is a very
hand’s on position. Minimum.of 1-year hotel el expentctie in a Similar position and
excellent communication skills.

GENERAL MAINTENANCE
Reporting to the Property Manager we seek a general maintenance individual who
will check and makes repairs to heating, ventilation and air condition systems as
needed. Checks and makes repairs to. heating, ventilation and air conditioning
systems as needed. Checks.and makes repairs to plumbing systems and fixtures
such as pipe lines, toiléts and’sinks, kitchen’ and: Jaundry-‘equipment. Checks and
_ makes repairs to electrical systems such as lighting systems, television sets and

kitchen equipment. Performs Fepairs to building, furniture, bathrooms, guest rooms _
“ etc.,.as needed; may. perform painting tasks. Ensures that all equipment is functioning

properly and that preventive maintenance measures are performed to preserve the
resort and keep product quality to standard. -

MESSAGE THERAPIST ,
Young professional required. Must have proven experience and certification. Must
be willing to work a very flexible schedule...

_ SPECIAL EVENT. COORDINATOR/ADMINISTRATOR... has

_-~Assist in coordinating special events on site. Thi¥ Will involve event planning and
program design, communication with guests and preparation of all communication
associated with events. You will also be expected to be on-site on the day of each
event and coordinate throughout the duration of the event to ensure that the program
runs smoothly. from beginning to.end. Superior written communication and
interpersonal skills required. Promptly prepare responses to incoming requests.
Must be proficient in MS Office. Capable of coordinating several projects and
responsibilities with ease. Must have good typing skills: able to type at least 45
w.p.m. accurately. Able to work well independently and as part of a team. Must
be well organized and detail-oriented. Experience in general office duties such as
filling, correspondence, mail, faxing, etc.

Duties include but not limited to: Monitor.and execute evening entertainment,
security of the property and closing procedures. Should possess basic knowledge
of audio and home theatre systems and proven experience within the hospitality
industry. This i isa hand’s on multi task position.

GENERAL WORKERS
Required to undertake a multitude of tasks to maintain and upkeep all exterior
areas of the resort.

OFFICE ADMINISTRATOR/RECEPTION

Superior written and oral communication and eat skills required. Excellent

telephone etiquette required. Promptly prepare responses to incoming requests.
Must be proficient in MS Office. Capable of coordinating several projects and
responsibilities with ease. Must have good typing skills: able to type at least 45
w.p.m. accurately. Able to work well independently and as part of a team. Must
be well organized and detail-oriented: Experience in general office duties such as
filing, correspondence, mail, faxing, etc.

_and guest service. All applicants in the: first-instant-are asked-to forward their” “J
~-"“gpplication letter with resume, photo and two previous employment references to:



































structing the existing Bahamas
Internet Cable System (BICS),

dence, Abaco, Grand Bahama
and Eleuthera in a ring-shaped
network with the US.

Mr Butler added that. the
JBCS system would “open ‘up
the remoter islands to the most
modern telecommunications
technology”.

Once Caribbean: Crossings

receives the go-ahead, it will be -

able to supply the southern

Bahamas with the services -

many in the northern and cen-

tral Bahamas have come to take

for granted.

Doing so is made economi- ©

cally viable by the link to
Jamaica, as the JBCS system’s
profits will come from carrying
telecommunications and data
traffic from that nation.

Mr Butler said Jamaica had
been pushing hard for the JBCS
system, having realised the

qualifications:
(or a related field)

would be an asset.

Responsibilities include:

of the branch/unit.
routines.
and qualifications.

The Manager
Human Resources
Bahamas & Caribbean
Royal Bank of Canada



P.O. Box N-7549

www.rbcroyalbank.com/caribbean

® Registered trade-mark of Royal Bank of Canada



. made ‘unlikely.



Personal Financial
Services Officer Trainee

The successful candidates should possess the tollowing

¢ Bachelor’s Degree in Banking, AICB or ABIFS Diploma |

e At least 3 or more years banking experience. Previous
experience in portfolio and apy administration

| ¢ Strong Negotiating/Selling skills
§ . © Strong problem solving, leadership and coaching skills

¢ Demonstrated written and verbal communication skills .
© Microsoft Office skills (Word, Excel; Power Point)

© Leading the establishment and achievement of team
sales objectives, and related:-activities to achieve a .
' high standard of customer care, optimal business
retention, profitable growth and productivity.

e Developing relationships with service partners to
ensure customer satisfaction and efficient operations

e Providing ongoing coaching and development of staff,

ensuring a high level-of employee capability and
- engagement through focused sales-management .

A competitive compensation package (base salary &
bonus) will be commensurate with relevant experience

Please apply before July 22, 2005 to:

Bahamas Regional Office
Nassau, N.P, Bahamas

Via fax: (242)328-7145
Via email: bahcayjp@rbc.com



â„¢ The Lion & Globe symbol and RBC are trademarks of fioyal Bank of Canada

néed for‘ communications sys-"
tems that could withstand
major hurricanes following its
close brush with Hurricane Ivan

- last year. Jamaican regulators

approved the. project in early

January. :

He added: “For the
Caribbean. island: nations,

‘robust, off-island. communica-
. tions are vital.”

Puy

Mr Butler said the Bahamas
was “pretty well-served” on the
four main:islands by the BICS
system, the Bahamas Telecom-
munications Company’s (BTC) ©
Bahamas .2 cable, and the -

* ARCOS network.

- The relatively long-time tak-

“en to approve Caribbean Cross-.

ings’ licence application by the .

- PUG, coupled with the wait for
BEST. approval, means that the

company’s goal to lay and bring
the JBCS system into service
by December this year has been



































































































RBC |
< Royal Bank |
RIS of Canada
wg P.O. Box 261, Bridgetown,
Barbados, W.I.

2l/ ERNST & YOUNG

Street Address
Worthing, Christ Church,
Barbados, W.!.

AUDITORS' REPORT

To the shareholders of United Insurance Company Limited

Tel: (246) 430-3900

Fax: (246) 426-9551
(246) 429-6446
(246) 435-2079
(246) 430-3879

We have audited the accompanying consolidated balance sheet of United Insurance Company Limited
as at September 30, 2004 and the related consolidated statements of income, changes in equity and cash
flows for the year then ended. These financial statements are the responsibility of the company's
management. Our responsibility is to express an opinion on these financial statements based on our

audit.

We conducted our audit in accordance with Intemational Standards on Auditing. Those standards
require that we plan and perform the audit to obtain reasonable assurance that the financial statements _

are free of material misstatement.

An audit includes examining, on a test basis, evidence supporting

the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audit provides a reasonable basis for our

opinion.

In our opinion, the consolidated financial statements present fairly, in all material respects, the
financial position of the company as at.September 30, 2004 and the results of its operations and its cash
flows for the year then ended in accordance with Intemational Financial Reporting Standards.

XX
Fw MY ae
CHARTERED ACCOUNTANTS

. Barbados :
November 29, 2004

UNITED Ee oe LIMITED



Consalidated Staternent of Income
Year‘Ended September 30, 2004









eo: Notes 2004 2003
ae eee $ $
Gross written premiums 108,589,742 99,864,890
Insurance revenue accounts |
Fire’ °" (6,690,669) 3,329,672
Motor . 9,614,985 5,071,314
Other accident 4,655,001 (817,522)
Inward reinsuratice (1,853,711) -
Marine | 464,266 (744,599)
Profit commission 265,837 (239,628)
Net underwriting income 16 6,455,709 6,599,237
Other income (expenses)
ievesement | income 5. 9,345,170 5,747,613
Property income (net). robes cae 3 , 272,466 — 64,756
Amortisation of goodwill | cdl ; 8 (850,792) (850,792) °°
Interest expense omega 3) - (159,643) (50,122).
Sundry expense. ; : (788,042) (208,297)
Income from aperating activities 14,274,868 11,302,395
Share of loss from associated companies 6 (83,383) -
Income before taxation 14,191,485 11,302,395
Taxation 9 (19,133) (917,454)
Net income before minority shareholder’s interest 14,172,352 10,384,941
Minority shareholder’s interest 19,241 -
Net income for the year 14,191,593 10,384,941
The accompanying notes form part of the financial statements.
UNITED INSURANCE COMPANY LIMITED
Consolidated Balance Sheet
At September 30, 2004 : a
Notes 2004 2003
$ $
Assets
Cash and cash equivalents 15,340,417: 18,032,359
Short-term deposits 3 13,518,080 14,142,610
Investments 5 86,945,279 51,091,009
Investment in associated companies 6 316,617 400,000
Goodwill 8 2,360,348 3,355,832
Accounts receivable 4 30,066,117 27,070,104
Property and equipment 7 10,415,470 8,266,653
Deferred tax asset. 9 449,294 21,803
159,411,622 122,380,370
‘Liabilities ‘
General insurance liabilities 12 71,733,102 60,836,643
Accounts payable 13 13,405,204 14,692,997
Pension liability 15 745,568 442,334
85,883,874 75,971,974
‘Minority shareholders? interests 15,127,759 -
‘Shareholders’ equity
[Share capital» | 10 8,900,000 8,900,000
iReinvested earnings 44,179,420 34,828,682
‘Property catastrophe reserve 4,276,488 1,635,633
Revaluation surplus . 7 1,044,081 1,044,081
58,399,989 46,408,396
; 159,411,622 122,380,370
‘The accompanying notes form part of these financial statements |
‘Approved by the Board of Directors on November 29, 2004, and signed on its behalf by:
Wedebindtticenicrsstvueyss BT rvcsesveseesssesseecseeeseeesLIPOCtOr







she Significant accounting polities (cont'd)



UNITED INSURANCE COMPANY LIMITED ne : od :

Consolidated Statement of Changes in Equity
Year Ended September 30, 2004





Share Reinvested Revaluation’ catastrophe .
capital earnings | surplus reserve. Tetal
$ $ 5 - $ $
Balance at September 30, 2002 8,900,000 24,890,61 1 _ 1,044,081 1,188,763 36,043,455.
Net income for the year - 10,384,941 . oe 10,384,941.
. : j ov :
Transfer to property catastrophe ; ae ge 2 ?
reserve - (446,870). . “ (446,870) eas
Balance at September 30, 2003 8,900,000 34,828,682 1,044,081 1,635,633 46,408,396
Net income for the year : 14,191,593 oS =. . - 14,191,593
Dividends declared ($0.52 per share) - ~—=«(2,200,000) ss = (2,200,000) .
Transfer to property catastrophe = ya th ns
reserve - (2,640,855) .' + 2,640,855 . - -
Balance at September 30, 2004 8,900,000 44,179,420, 1,044,081 4,276,488 58,399,989



The accompanying notes form part of these financial statements,
UNITED INSURANCE COMPANY LIMITED

’ Consolidated Statement of Cash Flows



Year Ended September 30, ae

















Cash ‘and cash equivalents - - end ef year
Cash and on equivalents ciileise cash at bank and short-term deposits. te

The accompanying notes form part of the financial statements,
UNITEv uvsUKANCE COMPANY LIMITED

Notes to the Financial Statements
Year Ended September 30, 2004



1. Incorporation, ownership and registered office ; ae ae re |

The Company was incorporated in Barbados and is a icheddines of The Barbados Shipping &

Trading Co Ltd., which owns 95% of the issued share capital.. The company was continued under .

_the Barbados Companies Act 1982.-54. The company’ S$ registered office is located at The

AutoDome, Warrens, St. Michael. ; a s

2. Significant accounting policies : , ;

a) Basis of preparation
These financial statements are prepared under. the bistericed cost convention ereept for
the measurement at fair value of its land and buildings and available-for-sale financial
assets. The financial statements have been prepared in accordance with International
Financial Reporting Standards (IFRS), which comprise standards and interpretations.
approved by the International Accounting Standards Board, and Internationa! Accounting ie
Standards and Standing Interpretations Committee interpretations roel by the
Intemational Accounting Standards Committée that remain in effect.

b) Basis of consolidation
The consolidated financial statements included the accounts of the company and the
following subsidiaries:

106% owned

UI Management hes nh :
United Reinsurance Inc. : 100% owned
United Services Inc. 100% owned |

Eastbourne United Insurance SCC 51% ounce

c) Use of catlavates wee

The preparation of the fi facia statements, in conformity with IFRS, requires . that .
management make estimates and assumptions that affect the amounts Teported in the.”
financial statements and ene nates: Actual results could differ from ee

estimates. : ‘

qd) Cash and cash equivalents :
Cash and cash equivalents comprise cash at bank and short-term deposits with” an é
original maturity of three months or less.

UNITED INSURANCE COMPANY LIMITED * -

°

Notes to the Financial Statements

e) Property and equipment ‘= ‘
Property and equipment is stated at cost less accumulated depreciation and any
impairment in value. Property is .revalued on the basis of an lence review m

professional valuers every five years.

Depreciation is calculated on a straight-line basis over the estimated useful life of the |
asset as follows:

we years.
10% to 25% per annum

Buildings . -
Equipment -
A full year’s depreciation is charged in the year of purchase. *
a 2

f) Currency

~~ 18,032,359



$
Cash flows from operating activities ae ;
Income before taxation 14, 191 485. 11, 38g{389
Adjustment for: ‘ i.
Depreciation 339, 751 346,655
Amortisation of goodwill 850,792 850,792
Foreign exchange gain : He te (137,362 (228,218
Investment income . (Piaaae {5,302,041
Gain on disposal of i investments he, 7 1,184,400 (110,734
Gain on disposal of fixed assets . (202 9,
Unrealised gain on available-for-sale investments (2,034,855 (334,838
Share of loss from associated companies’ Cas 83,383 -,
Pension benefit £ 303,234 308,226
Operating profit before working capital changes 6,285,911 6,782,429
Increase in accounts receivable : fa (4193 975 (906,478)
(Decrease) increase in accounts bis nas : (1,28 87, 793) 3,997,797
_ Increase in general insurance liabilities . 1, 896,459 . 4,634,408 .
Net cash from operations ‘14,780,602 + 14,808,156
Income taxes paid (574,212) _ (1,102,505).
Net cash from operating activities - 14,206,390 - ae
Cash flows from investing activities weet sh
Purchase of fixed assets . (2,565,460) ofl 763,868) o3
Proceed from sale of fixed assets . ee a 77,094 7,785 |
Net change in investments ; Oe ees) 6 815,327) ag
Net change in short-term deposits ae: 8 4,50 : 1,395,802 . .
Net change in investment in associated companies _ : teen oer 686,930 . ©
Goodwill 144, 692 (y 007, a8)
Investment income received _ 4371, ‘465 *4,284,64 a
Net cash used in investing activities *. (29,845,332) GM 1,961) a
Cash flows from financing activities ed ns tae
Dividends paid * (2,200,000) . (2,200,000) °°
Investment by ‘minority shareholders 15,147,000 Gs bass
Net cash from (used in) financing activities. 12,947,000 (2,200,000) ”
Net (decrease) increase in hex and cash equivalents : (2,691,942) . _'. 8,099,690
Cash and cash maleate beginning of year 18,032,359 | 9,938,669 © ‘
° “15,340,417

eee



wis SN



y

Year Ended September 30, 2004 Tio k oe ao oe. aos :

cs

These financial statements are expressed in Barbados dollars. Transactions in foreign ~

currencies are converted at the exchange rates ruling at the date of the transaction. ©

Ralances at the balance sheet date are converted at rates not materially different from %
those prevailing at that daie. Any gains or losses on translation are retlected i in the net’
earnings for the yeur.

i

ae

Premiums payable ‘by overseas policyholders for business written in: ». Barbados and

_ amounts payable to reinsurers are eerie and Laat in Berpedoe dollars.” .











PAGE 8B, MONDAY, JULY 18, 2005 THE TRIBUNE BUSINESS,
g) Investments September 30, 2003 Carrying
All investments are initially recognized. at cost, being the fair value of the consideration Cost value
giver including acquisition charges associated with the security. : BEN EA $ $
Available-for-sale:.
After initial recognition, investments in marketable securities, which are classified as 9,627,603 13,518,292

‘Marketable secmnines



available-for-sale, are measured at fair value. The Company has elected to record
changes in fair value through the statement of income. For investments that are actively
traded in organized financial markets, fair value is determined by reference to stock

Originated loans:
Government debentures, susranized bonds, deposits, treasury



exchange quoted market-prices. at'the-close-of business on the balance sheet date. For “bills: and notes. 27,332,124 27,332,124
securities where there is no quoted: market price, fair value has been estimated by .. Corporate: bonds and debentures, 7,914,259 7,914,259
management on the basis of-recent trades of the same investment or by reference to the Mee SE 2,326,334 2,326,334
current market value of other instruments with similar attributes. All marketable security ——
transactions are recognized on the trade date. Realized gains and losses are recorded in 37,572,717 37,572,717 _
the statement of income. alse een ene eS EE

- 47,200,320



51,091,009.













UNITED INSURANCE COMPANY LIMITED ©



_ Notes to the Financial Statements wh
Year Ended September 30, 2004 :








2. Significant accounting policies (cones) oe

g) Investments (cont’a) : aes ; :
Other investments consist ‘primarily’ of bonds: debentures, treasury bills, notes. and
commercial mortgages. . They. are classified:as originated loans as they are all acquired
directly from the issuer arid, therefore, are shown at amortised cost less any provision for
impairment. Amortized cost is calculated by taking into account any discount or



2004 "2003
$ $


























premium on acquisition, over the period to maturity. Gains or losses are recognized in Barbados 22,111,680 15,594,638
income when the investment is de-recognized or impaired. eee & Tobago 1,069,061 ~ 417,855
t. Lucia 3,073,364 3,073,364
h) Investments in associated companies thie : 798,889 672,669
The investments in associated companies are accounted for under the equity method of ther countries 6,303,618 7,573,598
accounting.. 33,356,612 27,332,124
i) Goodwill. ‘ :
Goodwill represents the excess of the cost of the acquisition over the fair value of © Investment income is comprised as follows:
identifiable net assets of three of its local agents at the date of acquisition. Goodwill is ,
amortized on a straight-line basis over its useful life up to a presumed maximum of 10 2004 2003
years. Goodwill is stated at cost less accumulated: amortization and any \impairment in : - $ $
value. : Interest on deposits. : 1,240,417 1,216,481 ee
: Interest on bonds, debentures and notes 3,940,221 2,834,779
pD Taxation : , si Interest on mortgages 136,551 269,873
The financial statements are prepared using the liability method of accounting for Interest on term payments 629,603 688,275
taxation whereby the future taxable liability or asset arising from temporary differences - Dividends received **: ; 179,123 | 292,633
is provided for at the estimated future corporation tax rate that is expected to apply to the Gain on disposal of i investments : 1,184,400 110,734
period when the-liability is settled or the asset realized. Deferred tax assets are Unrealized gain on available-for-sale investments 2,034,855 334,838
recognized in respect of unused tax losses to-the extent that it is probable that future SO pthetva 2 ang, Lan EEES ene :
taxable pice it will be available against which the unused tax losses can be utilised. Pe ag Mate Me Be RN de Uh ; 2343,70 5/1813
ee . : . Investment in associated companies ‘
k) Pension plan eet ek a erie Padi
The company’ s participates in a. defined ‘benefi t pension plan, the assets of which are feet se tae nf : a
held in a separate. fund administered. by a Trustee. The pension plan is funded by Ori inal ‘Hivenents ate é ost. ig ;
ame from iifled sou and the: ‘company, taking into account the recommendations of ae Original beginning of} ‘year : 400;000 5 800,000
independent qualifie actuaries: . - ‘Additions . - : - 400,000
Disposals’ cate «5 (800,000)
The pension accolmnting costs 2 are sciped using the projected unit credit method. Under mis: : ET
this method, the cost of providing pensions is charged to the income statement, so as to a Balance ~ end of year: 400,000 400,000
spread the regular cost over the service lives of the employees, in accordance with the
advice of independent qualified actuaries who carry out a full valuation of the plan every : ; ee és
three years. The pension. obligation is measured as the present value of the estimated Coane in share of ne sy . 286.930
future cash flows using interest rates of Government securities, which have terms to Share of ‘easceiaie” Sloss for the ye a (83,383) ad
maturity approximating the terms of the related liability. Actuarial gains and‘losses are Disposals, : - (286,930)
spread forward over the average remaining service lives of employees. ee ees
UNITED INSURANCE COMPANY LIMITED Balance - end of year (83,389) ;
Net. book value - end of year 316,617

Notes to the Financial Statements en .

Year Ended September 30, 2004 eres ie UNITED: INSURANCE COMPANY LIMITED

Notes to the F inancial Statements































2.0 Signifi ting polici cont'd).
Be hk S Signi icant accounting policies (cont'd) Year Ended Ge tember 30 2004.
ce ee gy: Unearned remium reserve pentane claims reserve and ro er catastro he Bot ees
» reserve P i . P P 2 P Be he _Rropertya and equipment tte
Written premiums. are reflected i in 1 the financial, statements evenly over the terms of the ant . s .
insurance policies. Unearned premiums . represent ‘the unearned portion of the net General Freehold Land: Se
ial written on policies in force at the end of the year. eae 4 and oo an
Outstanding: claims. consist of *éatiin mates eof the ultimate cost of settling Gini 4 in respect z a Pug : : ee) es e
of notified incidents that ha occurtéd up to the balance sheet date, as well as. estimates o 4 4, S64 Be se ee
for claims that ‘have. ‘bee “incurred. but not reported at that date. -Estimates, net of re 49 609) ee eee (149 °609) ;
reinsurance recoveries are ‘calculated: using methods and assumptions considered ‘to be - z Peay “ ¢ ae -
company and: the business undertaken. .This. : 4.585.495, 10,391,536 1 4,977,031 :
provision, while elieved be adequate. to cover the ultimate: cost of losses incurred, ere oe nee: eee sane
may. ultimately. be. ifferent amount.’ It is continually reviewed: and any \ B eae
% djustments are reco 4 Mt the period i in which they are. determined. . 693, 3,397 ee 601,200 -4,294;527 a
264,601: co) 75,150" 339,751!

7 oS 201), Ce eee ss aay
In: Sect t; 1 1006. = 99) 20%. of premium income sree ses : i Be! A
arising from its ‘property: busine: into: a reserve established to cover claims: made by the 5
company’s policyholders . arising: from: a’ ‘catastrophic event, which ig included as a

separate component of shareholders’ equity.



ee one "4,561,561.



676,350





..Net- book value:

At September 30, 2004 700,284 9,715,186 10,415,470





3.8% eeortaee deposits

At September 30, 2003 711,113 7,555,540 8,266,653 |





These deposits all mature after 90 cave but within one year of th the balance sheet date.. The |

' interest rates on these deposits ranged from 3.25% to 8.75% (2003 —-5% to 12%) per annum. .
Freehold land and buildings were revalued based on the 1996/97 valuation on this property done

by the Land Tax Department resulting i in a revaluation surplus of $1,044,081.

The company’s deposits are held at financial institutions throughout the Caribbean region and by
8. Goodwill

companies in the Barbados Shipping & Trading Co Ltd. (Note 10).

4, Accounts receivable 2004 2003
; $ $3.
Accounts receivable are comprised as follows: Cost
: i Balance — beginning of year. 8,456,624 7,448,698
2004 2003 Additions . : - 1,007,926
$ $ Disposals (144,692) fe Saks
Accrued investment-income . 5,625,811 . 3,871,361 Balance ~ end of veal 8,311,932 - 8,456,624
Amounts receivable from policyholders and brokers 18,732,692 20,803,298 ine soe
Other accounts receivable. 2,303,032 1,548, eee Amoitization
Reinsurance debtors: 2,468,469 Balance — beginning of y
year : 5,100,792 4,250,000
Amounts due by-related companies (Note 11) 195,802 233, 783 Amort ‘i d th "gen pen:
Corporation tax refundable 740,311 612,723 z ite ne me x oad See sees
tdi : : ‘Balance = rend of ear ,
Hse BPs 30,066;117° 27,070,104 y sees eA
UNITED INSURANCE COMPANY LIMITED Pe reo a _ Net balance ~ end ofvear. 2,360,348 3,355,832

haces ek UNITED INSURANCE COMPANY L IMITED-
Notes to the Financial Statements

Year Ended September 30, 2004 Notes to the Financial Stitesierite a : ee

- ‘Year fended Se tember 30, 2004



5. Investments



The company’s mortgages, bonds, debentures and treasury bills yield income at a rate of interest,



which reflects the. nature, security and market conditions prevailing at the time of issue or 2004 2003
renewal. Mortgages are repayable over the period to maturity in annual installments. Bonds, § $
debentures and treasury bills are repayable in full on maturity. The initial period to maturity Statement'of Income
does not exceed twenty years for bonds, debentures, treasury bills and mortgages. Yields from Overseas takes norrecoverablé 446,624 1,012,032
fixed rate investments range between 3% and. 18% (2003 — 3% and 12.5%) per annum. Deferred tax credit for the year (427,491) (l 18,836)
September 30, 2004 : Cariying Pees relating to reduction in income tax rates =e 24,258
‘ roe ee Corporation tax expense 19,133 917,454
Available-for-sale: pee ee
raueuiuakcaier vide tal Perea ee ees Balance — beginning of year 21,803 (72,775)
Sete 4] Deferred tax credit (charge) for the year 427,491 ..118,836
ginated loans: Deferred tax relating to reduction in income tax rates - . (24,258)
Government debentures, Susraniced bonds, deposits, treasury :
bills and notes yi : 33,356,612 33,356,612 ? :
Corporate bonds and debentures i 26,911,694 26,911,694 Balanee- end of year 449,294 21,803
Mortgage loans’ green 2,134,168 2,134,168 >. The deferred tax: ‘asset comprises: .
Py = Accelerated depreesstion (38,256) (88,781)
62,402,474 62,402,474 | Pension: liability. ; 246,037 110,584:
Provisions wd 241,513 . -
81,315,087 86,945,279 ‘:

. 449,294 oo. 2803.


THE TRIBUNE BUSINESS

Reconciliation of accounting income to current tax charge:



Income before taxation 12,175,348 11,302,395
Tax at the applicable rate of 33% (2003 — 36%) 4,017,865 4,068,862
Transfer to property catastrophe reserve (182,822) (160,873)
Share of loss of associated companies : 1,650 -
Losses (earnings) from other territories :
subject to double tax relief 245,163 (255,227)
Group relief received Og fee (2,583,263) (2,727,032)
-Amortisation of goodwill : we sos at aie 280,761 . 306,285 -
. Investment income not subject to taxation |. (2,206,845) (1,140,446):
-.. Effect on opening deferred tax of reduction income tax-rates) ~ 0. (24,258).
Other. =. . oe, ee Po ee 161,889)
Overseas tax not recoveiable 2 ee 2 2 446,624 1,012,032...
ee IQIBB ee po OAS





usrrep 1 INSURANCE COMPANY LIMITED Do co de

Hg ‘plates io the Finaheial Statements:
rigoe Year: ‘Ended: “September '30;:2004:"



10. Share capital

Authorised:
The company is authorised to issue an unlimited number of shares of one class designated as
ordinary shares.

Issued:
2004 2003
$ . $
Common shares — 4,200,000 (2003 — 4,200,000) _ 8,900,000 8,900,000
11. Related party transactions
a) Each year the company bears a proportion of the holding Se ae central office

expenses. The expenses are in respect of financial, personnel, office, and other services
r provided. The amount charged for the year ended September 30, 2004 was $290, 880
i i (2003 - $291,341).

b) The company provides insurance cover for the holding company and fellow subsidiary.

: companies. ‘During the year the total Peemnnne ee amounien to $8, 942,739 ee oi
i, $7,747,115). a
~¢) The Connery in , its ordinary. course of hosmeas places, money. on shiortdcnn deposits



ES

by companies in the group amounted to $2,156,788: +B (2008 $9,042,827).

: oy d) aoe due from or to related companirs, 3 are interest free, eed and payable on.
go “deman : :
e) The company holds the following shares in companies which are affiliated with the



parent company:

3 Number of shares 2004. _ 2003°
: $ $
4 Banks Holdings Limited 166,108 622,905 481,713

; Almond Resorts Inc. ~ °81,770 130,832 102,212
UNITED INSURANCE COMPANY LIMITED ,

Notes to the Financial Statements

tacdeo eee baty



12. General insurance liabilities :

2004. «2003



- Gross ousindng claims reserve. cae "110,321,789 i - 54,206,098 -
oe IBN: feserve . : eneie eget daa) oe
“| M,812;761








ele ree i ri * 58,392,291,



ee 53,420,470 ~
18 212,632. - ao et
ee 50,000



yhte: Net ovtataciding’ claims a
a ‘Unearned. premium reserve
‘. Marine Deceeke Teserve - -‘cargo.














71,733,102
13. Accounts payable .
Accounts payable are comprised as follows:
2004 2003
$ $
Reinsurance creditors ‘ 6,080,489 4,956,923
Amounts payable to policyholders, brokers and agents 461,240 2,205,553
Profit commission payable to agents 1,469,725 1,290,201 .
Other accounts payable 5,047,875 $427,758
Amounts due to related companies (Note 11) 345,875 812,562
13,405,204 14,692,997

UNITED INSURANCE COMPANY LIMITED

Notes to the Financial Statements -

oS Year Ended September 30 2004 ieee "a ae
Pe 14, , Financial Gastrunband ae : es

Fair values’

The methods and dsiumptiona used to estimate. the fair ate of each class of financial moe

‘instruments for which it is pee to estimate a a value are as follows:

._, 4) Short-term financial assets and liabilities

The carrying value of these assets:and liabilities is: a. reasonable: ‘estimate of their fair: ere ca

because of the short maturity of these instruments. Short-term financial assets comprise cash,
short-term deposits, accrued investment income, amounts receivable from policy holders,
brokers and agents, other accounts receivable and amounts due by companies in the-group.
Short-term financial liabilities comprise reinsurance creditors, amounts payable to policy
holders, brokers and agents, profit commission payable to agents, other accounts payable and
amounts due to companies in the group.

4 ’’~ ii) Investments

as Fair value represents estimates of the consideration that would currently be agreed upon
between knowledgeable, willing parties who are under no compulsion to act and is best
“""~"" evidenced by quoted market value, where one exists. The company's held-to-maturity
financial instruments are not traded in a formal market. Estimated fair values are assumed to
approximate their carrying values.

*

- Credit risk
“The company is subject to credit risk relating to its held-to-maturity juiveataecitas amounts

receivable from policy holders, brokers and agents, other accounts receivable and amounts due

moo _ by reinsurers.’ The .compariy monitors this:risk by performing preliminary credit.evaluations of * =.
Ben _. customers. The directors. consider the credit risk relating to reinsurers to be mitigated by the a

financial strength of these companies.

Ro lnterest rate risk’. “>”

fi nancial statements.









within the Barbados Shipping & Trading Company Group of Companies. Deposits held “i 3 a

ff Year Ended September 30, 2004 oe ee ee










55; sie 2









- 60,836,643

oe. -. Differences in maturity dates and changes: in : interest rates may expose the company to interest eS =
Bk eo pate risk, The companys. exposure’ to’ interest rate risk: is Miscliged 5 in notes 3 and 4 of: the . ye

MONDAY, JULY 18, 2005, PAGE 9B

UNITED INSURA:.CE COMPANY LIMITED

Notes to the Financial Statements

Year Ended September 30, 2004
15. Pension scheme
- The company operates a funded, contributory defined benefit pension plan for all permanent full-

.. time.and part-time employees who work 25 hours or more per week after completion of one year
of: continuous service. Payments to the plan are made monthly in accordance with actuarial



: advice.
: . 2004. - . 2003
$ $
ee Balance sheet: :
we Fair value of plan assets at end of year 7,186,427. - 5,841,147
: “Present value of funded obligations (9,439,438) (8,794,624)
sabi ose igen e (2,253,011). (2,953,477) _
: Unrecognised actuarial gains 1,507,443 2,511,143
Ne ability recognised in the babies shéet (745,568). sage » (442,334). ‘
statement’ of iticore
Current service cost 266,640 213,464
Interest cost 566,277 $22,175
Expected retum on plan assets é , (430,142) (401,284)
‘Net actuarial loss recognised in the year 120,603 123,586
_Net expense recognised in the income statement ; 523,378 457,941
~ Actual return on plan assets 1,547,544 600,054
. Movement in the net amount recognised in the balance sheet

- Net liability - beginning of year (442,334) (134,108)
Net expense recognised in the income statement (as above) (523,378) (457,941)
Contributions paid 220,144 149,715

Net liability - end of year (745,568) (442,334)
Principal actuarial assumptions at September 30, 2004 were:

2004 2003
Discount rate : 6.5% 6.5%

' Expected.retum on plan assets 7.5% 7.5%
Future promotional salary increases : 2% . 2%
Future inflationary salary increases : 2:5% 2.5%
‘Future pension increases : 1.5% 1.5%

s Proportion of employees opting for early retirement 15% ; 15%

ea Future i increases in NIS ceiling for earnings 2.5% 2.5%

ne Page 19
: UNITED INSURANCE COMPANY LIMITED :

a Notes: to the Financial Statements

"Year Ended September 30, 2004 :

16. . Net easererinne income





2004 ~~ 2003
$ bY $
: Underwriting income - ; ,
.. Gross written premiums 108,589,742 . 99,864,890
Premiums reinsured (62,621,310) (57,306,307)
Net written premiums 45,968,432 42,558,583
_Change.in ‘unearned premium reserve (3,926,278) _. 277,559
_ Net earned premiums ho 42,042,154 42,836,142
” Profit commission ve eee 965,837 : (239,628)
“Other underwriting i income, _ - 3,511,245
ia Reinsurance commission 11,395,397 °° 11,035,622
. “Total underwriting income 53,703,388 - 57,143,381
: : Underwriting expenses
__., 4 Gross:claims paid ° 16,371,619 36,465,071
ee ‘Change i in certeral i insurance liabilities 56,248,449 (7,854,977)
ath Gioss ‘laitis drcurred 72,620,068 - 28,610,094
a Reinsurance recoveries | (49,278,268) - * (710,107)
“"Netclaiins incurred 23,341,800 27,899,987
: Commission. expense _ 12,397,478 «11,567,557
Premitim taxes’ 1,667,999... “1,520,765
Total underwriting expenses 37,407,277 40,988,309
Net underwriting income before allocation of expenses 16,296,111 16,155,072
. Expenses allocated -
Employment expenses 5,134,896 4,791,385
Selling and production expenses 1,815,885 1,985,816
Support expenses 2,889,621 . 2,778,634
. Total expenses allocated 9,840,402 : 9,555,835
Net underwriting income 6,455,709 6,599,237

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THE TRIBUNE BUSINESS







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THE TRIBUNE BUSINESS. MONDAY, JULY 18, 2005, PAGE 11B

BIG

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PAGE 12B, MONUDAr, vULY 18, 2005

GN-243



SUPREME COURT

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,

PROBATE DIVISION |
~ JULY 21, 2005 | .

2005/PRO/npr/00271

Whereas ANTHONY A. FRANCIS of Flamingo Gardens,
in the Western District of New Providence, one of the
Islands of the Commonwealth of The Bahamas, the Lawful
Widower has made application to the Supreme Court of
The Bahamas for Letters of Administration of the real and
personal Estate of ANGELA FERGUSON-FRANCIS late

of Flamingo Gardens in the Western District of New

Providence, one of the Islands of the Commonwealth of
The Bahamas, deceased.

Notice is hereby given that such applications will be
‘ heard by the said Court at the expiration of 14 a from
the date thereof.

- Desiree Robinson
(for) Registrar

~ COMMONWEALTH OF THE BAHAMAS |

THE SUPREME COURT,
PROBATE DIVISION
JULY 21, 2005

2005/PRO/npr/00332_

Whereas CLARENCE DARREN PINDER of Hatchet Bay
on the Island of Eleuthera, one of the Islands of the
Commonwealth of The Bahamas, the Lawful widower has
made application to the Supreme Court of The Bahamas
for Letters of Administration of the real and personal estate
of KAREN DIANNE PINDER late of Hatchet Bay on the
Island of Eleuthera one of the Islands of the Commonwealth
- of The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the expiration of 21 days from
the date thereof.

Desiree Robinson:
ae : (for) Registrar



SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167
NASSAU, THE BAHAMAS
JULY 21, 2005

2005/PRO/NPR/00337

_ Inthe estate of MILTON M. FISHER, late of 190 E. 72nd
St. Manhattan, New: York, New York, one of the States of
the United States of America, deceased.

NOTICE is hereby given that after the expiration of
fourteen (14) days from the date hereof; application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by JAN W. BORGHARDT, of Gambier Heights,
~ Western District, on the Island of New Providence, one of
the Islands-of the Commonwealth of The Bahamas,
Attorney-at-Law, is the Authorized Attorney in The Bahamas,
for the Resealed Grant of Letters of Administration in the
above estate granted to IRVING W. BALLEN, the
Administrator by the Surrogate’s Court of the County of
New York, U.S. A., on the 27th day of August, 1984.

Desiree Robinson
(for) Registrar

; _ COMMONWEALTH OF THE BAHAMAS
E SUPREME COURT,

Te ROBATE DIVISION:

| JULY 21, 2005
_ 2005/PRO/npr/00338

Whereas PAMELA LAVERN KLONARIS of Edgewater |.

Drive, Lyford Cay and ANTHONY NOMIKOS KLONARIS
of Old Fort Bay, Western District of New Providence, one
of the Islands of the Commonwealth of The Bahamas, The
Attorney by Deed of Power of Attorney for MAUREEN
PATRICIA MURLINE, the sole Executor and Trustee has
made.application to the Supreme Court of The Bahamas
for Letters of Administration with the WIIl Annexed of the
real and personal estate of GERALD MULRINE late of 183
Sandyport Drive, Sandyport, Western District of New
Providence, one of the Islands of the Commonwealth of
The Bahamas, deceased.

Notice is hereby given that such applications will be
heard by the said Court at the erin of 14 days from
the date thereof.

Desiree Robinson
(for) Registrar

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167
NASSAU, THE BAHAMAS
JULY 21, 2005

2005/PRO/NPR/00345

In the estate of JAROSLAV CHARLES PILAR a.k. a}

nromemnrienmeaicme, waters Ae ee NE EAI AE LE EE TE ca ATE RRC cc RN HP NN



(

CHARLES PILER, late of The Town of Markham in the
Province of Ontario, Canada, deceased.

NOTICE is hereby given that after the expiration of
fourteen (14) days from the date hereof, application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by LOUREY C. SMITH, of #4 George Street in the
City of Nassau in the Island of New Providence, one of the
Islands of the Commonwealth of The Bahamas, Attorney-
at-Law, is the Authorized Attorney in The Bahamas, for the
Resealed Grant of Certificate of Appointment with the Wil
in the above estate granted to VIVIAN AVIVA HARRIS, the
Executrix and Trustee by the Supreme Court of Justice of
Ontario, Canada, on the 5th day of February, 2005.

Desiree Rebinson
(for) Registrar



COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,

PROBATE DIVISION

JULY 21, 2005

2005/PRO/npr/00346
Whereas VIRGINIA BURROWS of Freeport, Grand

Bahama, one of the Islands of the Commonwealth of The:

Bahamas, the Lawful Widow has made application to the

-Supreme Court of The Bahamas for Letters of Administration

of the real and personal Estate of ANDY GLENN
BURROWS late of Matthew Town, on the Island of Inagua,
one of the Islands of the Commonwealth of The Bahamas,
deceased.

: Notice i is hereby given. that such applications will be
heard by the said Court at the expan of 21 days from
the date thereof.

“Desiree Robinson
(for) Registrar —

COMMONWEALTH OF THE BAHAMAS |

THE SUPREME COURT,
PROBATE DIVISION
JULY 21, 2005

2005/PRO/npr/00348

"Whereas JOSEPHENE ROLLE of Golden Gates
Subdivision No. 2, Carmichael Road, Western District, New
Providence, one of the Islands of the Commonwealth of
The Bahamas, The Lawful Widow has made application to
the Supreme Court of The Bahamas for Letters of
Administration of the real and personal Estate of
FREDERICK J. ROLLE late of Golden Gates Subdivision

No. 2, Carmichael Road, Western District, New Providence,
one of the Islands of the Commonwealth of The Bahamas,
- deceased:

_ Notice is hereby given that such applications will be
heard by the said Court at the snore of 14 days from
he date thereof.

D. Robinson
(for) Registrar

SUPREME COURT
PROBATE REGISTRY
P.O. BOX N-167

NASSAU, THE BAHAMAS

JULY 21, 2005 |:

2005/PRO/NPR/00349

In the estate of LASZLO NEMETH, late of 1831 S.W. 9th
Avenue in the City of Fort Lauderdale i in the State of Florida,
U.S. A., deceased.

NOTICE is hereby given that after the expiration of

fourteen (14) days from the date hereof, application will be

made to the Supreme Court of The Bahamas, on its Probate
Side by KEVIN MARTIN RUSSELL, of #14 Doubloon Drive
in the City of Freeport, Grand Bahama, one the Island of
the Commonwealth of The Bahamas, Attorney-at-Law, is}
the Authorized Attorney in The Bahamas, for the Resealed
Grant of Letters of Administration in the above estate
granted to JEAN ELIZABETH NEMETH, the Executrix by
the Circuit Court for Broward County, Probate Division in

the State of Florida, U.S.A., on the 26th day of January,
2005. My

Desiree Robinson
(for) Registrar

SUPREME COURT
PROBATE REGISTRY

P.O. BOX N-167-

NASSAU, THE BAHAMAS

JULY 21, 2005

2006/ PRO/ NPR/00350

In the estate of EVEYLYN STEINHARD a.k.a. EVELYN
TEPPER STEINHARD, late of 18081 Biscayne Boulevard,
#401 in the City of Aventura; in the County of Miami Dade
in the State of Florida, U.S.A., deceased.

«NOTICE is hereby given that after the expiration of
fourteen (14) days from the date hereof, application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by KEVIN MARTIN RUSSELL, of #14 Doubloon Drive
in the City of Freeport, Grand Bahama, one of the Islands
of the Commonwealth of The Bahamas, Attorney-at-Law,
is the Authorized Attorney in The Bahamas, for the Resealed
Grant of Amended Letters of Administration in the above
estate granted to BEN NATHAN TEPPER, the Personal
Representative by the Circuit Court for Miami Dade County
me State of Florida, U.S.A., on the 24th day of June

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,

PROBATE DIVISION

JULY 21, 2005



THE TRIBUNE BUSINESS

2005/PRO/npr/00351

Whereas HELEN I. THOMPSON of Castor Street East,
Highland Park, Western District of New Providence, one
of the Islands of the Commonwealth of The Bahamas, The
Lawful Widow has made application to the Supreme Court
of The Bahamas, for Letters of Administration of the real

and personal Estate of THOMAS ALVIN THOMPSON late .

of Castor Street East, Highland Park, Western District of
New Providence, one of the Islands of the Commonwealth
_ of The Bahamas, deceased.

Notice is hereby given that such applications will be - I

heard by the said Court at the expiration of 14 days from |.

‘the date hereof.

Desiree Robinson
(for) Registrar

COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,

PROBATE DIVISION

JULY 21, 2005

2005/PRO/npr/00353

Whereas REV. KIRKLEY CALEB SANDS of 135 Yorkshire
Street, Westward Villas, Western District of New Providence,
one of the Islands of the Commonwealth of The Bahamas,
the Lawful Widow has made application to the Supreme

_Court of The Bahamas for Letters of Administration of the ° |
real and personal Estate of CONSTANCE MURIEL SANDS.
late of 135 Yorkshire Street, Westward Villas, Western |.
District of New Providence, one of the Islands of the.

Commonwealth of The Bahamas,

deceased, —

Notice is hereby given that such applications. will be 7

the date thereof.

heard by the said Court at the expiration of 14 days fom

. Desiree Robinson
(for) Registrar



SUPREME COURT |

~ PROBATE REGISTRY

P.O. BOX N-167.

NASSAU, THE BAHAMAS...

~ JULY 21, 2005
2005/PRO/NPR/00355_

In the estate of SOLON C. BEXLEY, JR. a.k.a. $.C.
BEXLEY JR., a.k.a. SOLON COUSINS BEXLEY, JR., late

of 6332 Wisteria Roop, Land O’ Lakes, Pasco, Florida, :

U.S. A., deceased.

NOTICE is hereby given that after the ‘expiration nae

fourteen (14) days from the date hereof, application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by DOLLY P. YOUNG, of Nassau East North in the

Eastern District, New Providence, one the Islands of the ..
Commonwealth of The Bahamas, ‘Attorney-at- -Law, is the: »
Authorized Attorney in The Bahamas, for the Resealed::

Grant of Letters of Administration in the above estate. :
granted to CRAIG L. BEXLEY, the Personal Representative‘

-|-by.the Probate Division of the Circuit Court for Pasco:

County in the State of Florida, U.S.A., on the 28th day of ~

October, 2004.

Desiree Robinson
_ (for) Registrar

SUPREME COURT

PROBATE REGISTRY ~

P.O. BOX N-167
“NASSAU, THE BAHAMAS
JULY 21, 2005

2005/PRO/NPR/00356 -

In the estate of MICHAEL DOUGLAS SUTCLIFFE HOOD, |
late of Tithe House, The Street, Walberton, West Sussex,

United Kingdom, deceased.

NOTICE is hereby given that after the a sietion of
fourteen (14) days from the date hereof, application will be
made to the Supreme Court of The Bahamas, on its Probate
Side by DOLLY P. YOUNG, of Nassau East North in the
Eastern District, New Providence, one the Islands of the
Commonwealth of The Bahamas, Attorney-at-Law, is the
Authorized Attorney in The Bahamas, for the Resealed
Grant of Probate in the above estate granted to LEIGH
SUTCLIFFE HOOD, the Executor by the High Court of
Justice, the District Probate Registry at Winchester, United

Kingdom on the 14th day of November, 1997.

Desiree Robinson
(for) Registrar

i

ae 5 weg ae eres

a or ot

SUPREME COURT -

PROBATE REGISTRY
P.O. BOX N-167
NASSAU, THE BAHAMAS
JULY 21, 2005

2005/PRO/ NPR/00358

In the estate of PATRICIA JOAN PIRRIE HOOD, ali Sot.
Tithe House, The Street, Walberton, West Sussex, United ie

Kingdom, deceased.

NOTICE is hereby given that after the expiration of .
fourteen (14) days from the date hereof, application will, be ee

made to the Supreme Court of The Bahamas, on its Probate ~ -



Side by DOLLY P. YOUNG, of Nassau East North in ‘the: |

Eastern District, New Providence, one the Islands of ‘the

Commonwealth of The Bahamas, Attorney-at-Law, is the”

Authorized Attorney in The Bahamas, for the Resealed

Grant of Probate in the above estate granted to CAROL ‘

DIANE WEBB, the Executrix by the High Court of Justice,

the District Probate Registry at Brighton, United Kingdom

on the 19th day of November, 2001.

Desiree Robinson
(for) Registrar

itd

yy te OF

_ JULY 18, 19,20

SPURT TI RENAE AN TESS RP A OPENER SRT ARM AUS YEN RMD BM MON NOOR RAR ING ME RENTS ee RRR Nome
<

GN:243 Cont'd
COMMONWEALTH OF THE BAHAMAS
THE SUPREME COURT,
PROBATE DIVISION

oT TR a

uo

Poo§/PRO/np/00360
Whereas JOHN BRAYNEN of Holiday Drive, South

Beach, Southern District of New Providence, one of the §

| IslaAds of the Commonwealth of The Bahamas, The
Attorney by Deed of Power of Attorney for RALPH
MABILL, the sole Executor has made application to the

Supreme Court of The Bahamas for Letters of §

| Administration with the Will Annexed of the real and
personal Estate of MARION MADILL late of No. 8 Breezy
Hill Off Village Road, Eastern District of New Providence,
onetof the Islands of the Commonwealth of The Bahamas,
deceased.

Notice i is hereby given that such applications will be

: heard by the said Court at the expiration of 14 days from
y the idate hereof.

’ Desiree Robinson °
(for) Registrar

THE SUPREME COURT,
PROBATE DIVISION

ee

2005/PRO/npr/00361
Whereas GLADSTONE BURROWS of Sun Shine Park,

f Southern District of New Providence, one of the Islands :

| of the Commonwealth of The Bahamas, The brother, has
| made application to the Supreme Court of The Bahamas,

i for ‘Letters of Administration of the real and personal
f Estate of JONATHAN BURROWS late of West End §
; Avghue, Coconut Grove, Southern District of New f
# Providence, one of the Islands of the Commonwealth of §

aN Bahamas, deceased.

tice is hereby given that such applications will be |
head by the said Court at the expiration of 14 days from. jf



theppate hereof.
oe “Desiree Robinson :
a. a _.._ (for) Registrar
ee _ SUPREME COURT |
i PROBATE REGISTRY |
£ P.O. BOX N-167 }
ae NASSAU, THE BAHAMAS. |
bo JULY 21, 2005
2005/PROINPR/00862
£

1 _ If the estate of DENISE TRAMONTANA, late of 14
} Ortnond Drive, in the County of Albany, in the State of
7 NeW York, one of the States of the United States of
erica, deceased.






| Regealed Grant of Letters Testamentary in the above
i ah te granted to AVIS MULHOLLAND, the Executrix |

y Albany County Surrogate’s Court of the State of New
Yo , U.S.A., on the 13th day of November, 2003.

Desiree Robinson

(for) Registrar

SUPREME COURT §

PROBATE REGISTRY
P.O. BOX N-167

208 5/PRO/NPR/00363

PA * ja isu wladabpeie vba

t the estate of LIVIAN POWELL HARDING, late of /
Hatris County, in the State of Texas, one of the States of

: 4 United States of America, deceased.

NOTICE i is hereby given that after the expiration of

, petra (14) days from the date hereof, application will
7 be

Nakeou, Corporate Centre, Suite 200, Bay & East Street,

| Nassau, New Providence, one the Islands of the
| Commonwealth of The Bahamas, Attorney-at-Law, is |
j_ the/Authorized Attorney in The Bahamas, for the Resealed |

Gre nt of Letters Testamentary in the above estate granted
ETTY HARDING BERNSTEIN, the Indepedent

H Edcuttix by the Probate Court of Harris County in the
f oie of Texas, U.S.A., on the 16th day of March, 1988.

Desiree Robinson
(for) Registrar .

"a ee

Se ka a ek

i 2005/PRO/ NPR/00365

Palm Beach County, in the State of Florida, one of the |

Sites of the United States of America, deceased..

NOTICE | is hereby given that after the expiration of }

fourteen (14). days from the date hereof, application will

beimade to the Supreme Court of The Bahamas, on its |
Probate Side by PHILIP ALEXANDER LUNDY, of the |

Pridlerock Corporate Centre, Suite 200, Bay & East Street,

Nassau, New Providence, one the Islands of the

Cémmonwealth of The Bahamas, Attorney-at-Law, is
the Authorized Attorney in The Bahamas, for the Resealed
G ant of Letters of Administration in the above estate
granted to BETTY HARDING BERNSTEIN, the Executrix

byithe Probate Division of the Circuit Court of Palm |

Beach, Florida, U.S.A., on the 11th day of April, 1988.
E Desiree Robinson
f (for) Registrar

iy
4

JULY 21, 2005 §

COMMONWEALTH OF THE BAHAMAS |

‘ JULY 21, 2005

| aah is hereby given that after the expiration of |

f foufteen (14) days from the date hereof, application will |
fj be made to the Supreme Court of The Bahamas, oniits: §
| Prdbate Side by ARTHUR SELIGMAN, of the Western
Disfrict,on the Island of New Providence, one the Islands
q of 1e Commonwealth of The Bahamas, Attorney-at-Law,

NASSAU, THE BAHAMAS §
JULY 21, 2005 §

ade to the Supreme Court of The Bahamas, on its §
- Prgbate Side by PHILIP ALEXANDER LUNDY, of the |

SUPREME COURT §

PROBATE REGISTRY |

P.O. BOX N-167 |

NASSAU, THE BAHAMAS f§
JULY 21, 2005

i the estate of GEORGE WILLIAM HARDING, late of |

TRIBUNE SPORTS MONDAY, JULY 18, 2005, PAGE 13B



asley leads
US to victory
over Jamaica

le

—-— —— © ae



»Copyrig hted Material
~ Syndicated) Content

Available from Gominorcial News Providers”

( —_ ©@.

but not at The Tribune

Lhe Tribune is preparing its biggest ever

and needs graduating and college students, plus schools, to send in as much
information as possible on academic and other achievements. Students should
send in a photograph of themselves, and we need schools to supply information
on plans for the new academic year, plus any appropriate photos,

Le)

Address: Back To School Supplement
The Tribune —
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Nassau, Bahamas



{7 Contact Samora St. Rose at The Tribune on 502-2373 if you have any
Le queries. Information and pictures can also be emailed (as attachments) to: [
| tribune@tribunemedia.net


PAGE 14B, MONDAY, JULY 18, 2005





Bi By BRENT STUBBS
Tribune Sports
Reporter

JEROME ‘the Bronze
Bomber’ Ellis pulled off
an another big victory on
Saturday night in North
Carolina.

The Bahamian junior
middleweight champion
dropped to the mid-
dleweight division and
stopped American Kevin
Kago in the eighth and
final round of their bout.

“It was a competitive
fight,” said Ellis, who
knew he had to go for
the knockout to avoid a
close decision, after lead-
ing on two of the three
judges cards going into
the final round.

Ellis floored Kago with
a left upper hook to his
head one minute and 20
seconds into the round to
pull off his seventh
knockout in an 8-3-1
win-loss-draw career
record,

Opponent

“Going into that
round, I really didn’t
want a bad deal,” Ellis
said, “so in the eighth
round, I knew that I had
a little more than my
opponent, so I decided to
for the knockout.”

This was Ellis’ fourth
fight in the United States
{or the year. The victory
improved his record to 2-
1-1. With the exception
of a loss in Philadelphia,
when he felt he was out-
classed, Ellis said he felt
he was robbed of the
draw in California.

But having won in
West Palm Beach, Flori-
da, where he currently
resides and trains, he
knew that he couldn’t
take any chances and so
he decided to go after
Kago,

_ “This fight was differ-
ent from all the other
fights because instead of
fighting at 154, I went
back down to 147,” Ellis
reflected.

“So I wasn’t all that
strong. I mean I was
healthy, but I didn’t have
all the fire that I normal-
ly carry at 154. We are
going to work on that
and try to develop that,
so we won’t have to wor-
ry about that in the
future.”

Ellis was referring to
his trainer, former world
champion Johnny
Buckus, who was prepar-
ing Ellis’ training part-
ner, Kassim Ouma for
his International Boxing
Federation’s 154-pound
title fight against Ramon
Karmazin on Thursday
night.

‘Unfortunately, Ouma
lost his title.

“T basically had to doa
lot of my training and
final preparation on my
own during the last
week,” Ellis said. “All °
the dicting and weight
loss, J basically did on
my own.

Experience

“But I liked the experi- ,
ence. I like fighting at
147. l'see a can make a
difference and open
some eyes at 147. I just
have to work at it and
develop and get better.”

Although he felt sharp
at that weight, Ellis
admitted that he didn’t
have the power behind
his punches, so he wasn’t
able to put Kago away
carlier than he had antic-
ipated.

Ellis, who suffered a -
slight injury to his hand
during Saturday night’s
fight, is hoping to be
back in August and
hopefully twice in Sep-
tember, one bout in West
Palm Beach and another

- at home in Nassau.

“I’m preparing and
hoping to be ready for
those tights,” Ellis stat-
ed.



@ By KELSIE JOHNSON
Junior Sports Reporter

THREE teams were sent
packing on Saturday in the
annual Peace on the Streets
basketball tournament.

Harrache Knights and Fox
Hill Big Brothers were both
eliminated in the seniors divi-
sion, while the Eastside All-
Stars exited the junior divi-
sion.

The 16-team tournament
started on Saturday and will
climax this Saturday with the
championship games in both
divisions.

Before the annual tourna-'

ment comes to a close, a three
point shoot-out and a slam
dunk contest will be the fea-
ture event.

On the opening day, eight
games were played in the
senior division, which saw sev-
eral new teams join the hunt
for the title.

For the first time.in the
tournament’s history, a col-
lege team has joined the

Knights, Big Brothers
and All-Stars are out



rankings.

This team is made-up of
Bahamian college players,
playing aboard.’

According to tournament
organiser Carlos Reid the new
additions might mean a new
champion being crowned.

Quality

Reid is basing his assump-
tions on the quality of play in
both divisions and the upsets

that took place on the opening ©

day.

He said: “This year’s tour-
nament isn’t easy, we have a
lot of great teams, all at any
point of the day can defeat the
defending champions.

“Today we opened up the

tournament with a lot of
upsets, so, looking at the com-
petition, I will say that. the

tournament will be a good’

one, with a lot of surprises.”
Losing their tournament

opener were Peace on the

Street’s three times defending

champions Breezes Super-

Club. :

Facing off with the New

_ Providence Basketball Asso-.
ciation (NPBA) top team, the

Real Deal Shockers, Breezes
saw themselves fall 31-44.
The loss placed the squad
in the tournament’s loser’s
bracket, forcing them to take
the longer route to the semi-
finals.

Another loss would have:

sent the team packing, but



the Streets

they awaited the loser of game
two, played between the Sun-
shine Auto Ruff Riders and
the Fox Hill Big Brothers.

‘Wasting no time in the
game, the Ruff Riders easily
disposed off the Big Brothers
42-35, but defeating the Big
Brothers was no easy task for
the defending champs.

Late in the third quarter,
Breezes saw their eight point
lead close into three points,
after the Big Brothers made
a 6-2 run.

Tired

The run extended into the
opening minutes of the fourth,
but the Big Brothers weren’t
able to take advantage of the
turnovers and team’s tired
legs. .
Although both teams added
to their scores, Breezes held
on to their three point lead in
the final minutes, winning the
game by one point, 44-43.

The win moved the defend-
ing champs to battle the Ruff

TRIBUNE SPORTS






Riders, who lost to the Shock-
ers 37-42. .
So far, the Shockers and the
Heats, the collegiate team, are
the only two teams in the
senior division who are unde-
feated after two games. >
The Heat defeated the
Courtesy Warriors in their
opener 44-40, and Gatorade
56-35 in their second game. .
The limited teams in the
junior division allowed only
five games to be played, hav-
ing to double-up on Saturday.
The Thunder Bones are
leading this hunt for the title,
defeating East Side All-Stars
35-22 and ‘Courtesy Warriors
40-29.
The Thunder Bones seale«
their place in the tournamen-
t’s semi-final rounds with the
two wins. :
In other games, the Rockets _.
trounced the All-Stars, in an
elimination game, 49-26. -
The Sunshine Ruff Riders
handed the Stingers their first
loss. Ruff Riders beat the
Stingers 45-42.

Davis Cup
team ‘will be
prepared’
FROM page one

“I think we have the team to
bounce back out of group III,” he
stated. “I think we’re much better
players than the guys in group III.

“We just have to continue to
work hard every day to get that
big goal. If we can do that, I think
we will be able to get back in zone
II and I think we even have the
potential to get back in group one
and even challenge for the World
Group.”

Top seed Marvin Rolle said it
might be an omen that they are
now in zone III.

“We just have to go back to the
drawing board and try to clean up
the mistakes that we made,” he
insisted.

Sweeting, who had some historic
performances in between the two
ties, said it’s not a good thing to
be relegated to zone III.

“But on the positive side, we will
be one of the strongest teams in
zone III, looking to get out there as
soon as possible,” he charged.

“We’re looking to go down

‘there and dominate and, before:

you know it, we will back here in
zone II. All we’re doing is getting
better.

“In Curacao, we played well and
we came here and we just contin-
ued to improve. So it’s only a mat-
ter of time before we get up there.”

For Thompson, he’s confident
that with the players available for
the team, the Bahamas should be
out of zone III in short order.

“The guys are so young on our
team that we can only improve,”
he said. “The guys we played, if
you took three or four points here
and there, the outcome of the
matches could have been differ-
ent.

“So in zone III, I think we
should do very well and get out of
zone II] next year.”

All four players have indicated
that they intend to play in some
Futures events once they return to
the United States and eventually
play in a tournament in Africa.

Farrington said that will be the
key for the team in the future,
especially having to travel to
Colombia two days earlier than
they were scheduled to be.

“We need to give ourselves a
chance,” Farrington lamented. “So
we will continue to work on that
and see if we can get some funding
to train at least a week before the
week of the tie.

“That way, we will all be togeth-
er and practise with each other a
lot more.

_ “Ultimately our goal will be to
be back in zone IJ and zone one,”
he said, “and I think that’s very
possible. We have a very young
team, so we have a little time on
our side.

“JT don’t have guys 29 and 30 and
concerned about who’s coming up
next. I have at least 10 years with
these guys. So there’s no concern.”






Shock defeat for Australia as
Russia triumphs over France




“Copyrighted Material
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MONDAY, JULY 18, 2005:

SECTION

Te

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Knockout for



-] wa ~ J, | pet rede} goyer ee
eT aan ee ee gee "fs Lo) 9s] ol) gt
MIAMI HERALD SPORTS |



Fax: (242) 328-2398
E-Mail: sports@100jamz.com.:

brave





Bahamas teain

move down to Zone Ill

@ By BRENT STUBBS
Senior Sports Reporter

FOR the first time in the 17-
year history of playing Davis
Cup, the Bahamas will have to
play out of zone III after rele-
gated by Columbia over the
weekend. 2

Playing at an altitude of 8,000
feet at the American Tenis Club
in Bogota, the higher ranked
Columbians shut out the youth-
ful Bahamian team 5-0... >

The clincher camé iii the dou-
bles on Saturday when Alejan-
dro Falla and Carlos Salamanca
teamed up to:sweep:Marvi
Rolle and Ryan
6-1, 6-3. =

Rolle, wh
number on
singles matt!








9

6-2, 3-6, 6-2 to Pablo Gonzalez,

the number two seeded
Columbian player who is
ranked at 338 in the world.
’ And in the second singles on
Friday, Mullings, the No.2 seed
for the tournament, was swept
6-4, 6-2, 6-3 by Columbian top
seed Falla, ranked 253 in the
world. sae

With the tie already clinched,
Sweeting played in the first

reverse singles yesterday, los-

ing 6-4, 6-4 to Falla, while
H’Cone Thompson lost 6-1, 6-1
to Michael Quintero; the fourth

-member of the Columbian
team, ranked at 498.

Players

None of the Bahamian play-
ers were ranked and only Rolle
and Mullings have a computer
‘point, which, according to tear
captain John Farrington, made
their loss much easier.to accept.

“We put in a good effort. It
was great to come down éarly
and prepare,” said Farrington
as the team prepared for a team
meeting to reflect on their per-
formances.

~ “We got a chance to get com-

fortable with the altitude and
get in shape to play. They real-
ly played well: We played a cou-
ple of guys who were fairly
experienced, but.even their cap-
tain admit that in a couple of
years; we will be strong.”
Coming off their 3-2 loss to
. the Netherlands Antilles in Feb-
Tuary in the first round of the

tie, Farrington said the,team ,

played much -better and they
were actually in every match...”

“It wasn’t like we were, gets
ting blowm:off the-éodrtiadd

they were just too darn good,”

said Farrington.
“That wasn’t the case.
“We were right there with
them.”

Despite losing, all four of the -

Bahamian players were pleas
with the performances the:

turnedin. — '

Rolle, who earned a comput-

er point to move up to the top
seed on the team since playing
No.2 in the Netherlands,
Antilles, said it was good to
improve from one tie. to thé
next,

“It was a good experience,”
he said. “Each tie is different.
We got a chance to see what we




Shutout
- from strong
Columbians



can do against them. It’s obvi-
ous that we are not too far

behind them. So we just -have |



£0 Wor

zl

k hard to do what we





we

Onzalez, Rolle

unced back and played well

=t0° go up 2-1, but he had a
breakdown, rebounded again,
then couldn’t hold on at the
end.

Mullings, who played in the
NCAA Championships for
Ohio State before the tie, said it
wasn’t one of his better match-
es, but he-gave it his all.

Attacked

“I fought hard. I think I
played okay,” he said. “I think I
probably could have attacked






him a little more because a lot’ .
of the points that I won, I won °

coming forward. I think I could
have done alittle more of that.”
As for the doubles, Sweeting

said they played well and had

their chances to win.
“We were holding serve well,

but we just didn’t make them.

volley; make them play,” he
stressed. “That was the case in

losing the first set to
said. he.

pretty much all of the matches. .

They didn’t really ‘hurt us. We

just made too many mistakes as

we-did in the doubles when it

was crucial points.” * :
Rolle said he just-didn’t live

up to his end’of the bargain’ |.

“Tet my.partner down, miss--.

ing some key shots, some key
vollies and I:wasn’t putting in
my first-sérves. I was missing a
‘lot of first serves,” he said. “I
think I didn’t play as well as I
should in the doubles.”

’

Sweeting, at 19, the youngest .

member of the Bahamian team,
admitted that Falla was a tough
cookie.. OR
“In the first set, it was on
“serve until I got broken at 5-4
and at 40-15, I had a chance to
break ‘back, but I lost 6-4,”
Sweeting reflected. —
"Ten in the second set, I was
leading 3-1 up a break, but I
lost my serve again. to go on
serve and from then-on, I won
my serve and lost again.”
Sweeting said he played well



,. get into the match.

Thompson, the oldest mem-
ber of the Bahamian team at
24, said they had a big task
ahead of them, but they man-
aged-to hold their own.

“For me, it was a match'to let
mé know what J. need to:work
on,” hesaid. |. :

“How far I. am from those
guys that are right there playing
ATP events.”





¢ _. and he went for his shots, but.
d* Falla just didn’t allow him to



ae

i
sy
at



lm By BRENT STUBBS
- Senior Sports Reporter

‘TEAM captain John Far-
rington knew sooner or later
the Bahamas would have to
take a step back in order to
eventually move forward in the
American Zone Davis Cup tie.

The team’s 5-0 loss to
Columbia over the weekend in
Bogota, relegated the Bahamas
from zone II to zone III where,



next year, they will have to
play against countries such as
Puerto Rico, Haiti, Honduras
and El Salvador.

The two top teams out of
zone IV, possibly Trinidad &
Tobago and either Costa Rica
or Barbados, will advance to
join zone III.

But it doesn’t matter who is
in the zone, Farrington is con-
vinced that the Bahamas will
be prepared to return. to zone




IL in 2007.



“
:





takes to get better.

Farrington said they will just
concentrate on getting through
zone III and regaining its spot
in zone II next year." **:'»

Looking ahead to playing in
zone III, Mullings: said it
should be much easier. to
advance than it was to stay in
zone II this year.

_ SEE page 14B



“These guys know that we
have to continue to prepare
and they will have to sacrifice a
little more and make it their ~
job,” said Farrington, who is
now a full-time tennis coach
and trainer in the United
States.

“It’s not a hobby anymore.
Not that they don’t take it seri-
ous, but I think they have a
pretty good idea of what it























“MONDAY, JULY 18, 2005







- The stories behind the news

PEOPLE |

The controversial Bishop Neil Ellis
(left) caused another stir last week
when he told a congregation that if
Bahamians continue to turn a blind
eye to the illegal immigration problem
they could soon find themselves cele-
brating the country’s independence in
Creole. Bishop Ellis, the senior pas-
tor of Mount Tabor Full Gospel Bap-
tist Church,.made the comments in a
fiery sermon on the topic of “Bahami-
an Freedom”: The text was taken from
Luke 13, verses 10-17...

’ A former PLP MP has called for an
immediate moratorium on all
migrants into the Bahamas. And a
former minister of immigration has
warmed that if the Bahamas contin-
ues on its current trend, it will be
overrun with Haitians in the next 20
years. Former MP Dr Elwood Don-
aldson said government needs to
put a moratorium on all immigrants
save those needed for vital govern-
ment problems...

Government remained tight-lipped last week in the
face of growing concern that Trade and Industry Minis-
ter Leslie Miller might have signed the PetroCaribe -
agreement without Cabinet approval.

Former Cabinet Minister Zhivargo Laing told The
Tribune last Thursday that unless government explicit-
ly tells the public that Minister Miller signed the agree-
ment without Cabinet consent it is fair to assume that
“we may be sending signals to allies that we are having
a shift in foreign policy”.

Venezuela has agreed to sell crude oil and petroleum
products to Caribbean countries at concessionary rates
as part of the PetroCaribe agreement...

i By FELICITY INGRAHAM
_ Tribune Staff Reporter

iving a young person
a new lease on his or
her life is, perhaps,
one of the most signif-
pa icant gifts they could
réceive — especially if they were head-
ed down a road to destruction.
_ For 23.yeung men-now. An: the.Min;.,





gramme, they have: been g
that. Last week, they began a 14-week
programme designed to prepare them
‘for the workplace, and for making
meaningful contributions to their fam-
ilies and community.
On July 4 this year, the National
» Youth Service, in conjunction with
the YEAST Empowerment Pro-
gramme, graduated more than 30
young men from a pilot programme in
Andros.



Positive .

’ There, boys who were used to a life
of gun and knife-carrying, using and
selling drugs, poverty, and being
involved in gang warfare, were trans-
formed into positive. young men.

‘As simple as that sentence is, to.see..

- their transformation is remarkable.
- The government and YEAST truly
achieved success, according to the

boys, who swore to life-long changes -

at the end of the programme.

The Tribune visited the camp..in

-_ Andros during the closing ceremony.

: Some of the young men, mostly 16-to-

- 19-year-olds, had tattoos, while others
had facial or body scars, which are

_ common “rite of passage” signs of
street warfare.
_. There were those who could not

xead or write, those who were unin-.
terested in being there, and there were.
those who stole from others in the
group gr got into fights.

These senior boys told The Tribune
that had it not been for the interven-
tion in their lives made by the pro-
gramme, they honestly believe they.
would have been in jail or dead. -

: One graduate explained that it is
‘common for a gang to call on the
younger members to do the “leg-
work”, whether it be breaking into
homes, dropping off a package of
drugs, or pulling the.trigger.

- He said the gang is “a family when
you have no family or your family just
ain’t there for you”. In some cases,











inspiring lecture on Ethics in the Workplace.














he said; boys have the responsibility of
providing for. the family with their

-mother because the father is absent

from the home. This causes them to go
to extreme measures to meet the
needs of younger siblings.
“School work, friends or your own
self-development become your last
priority,” he said.
' The mentors of the programme
took the time to focus just on them,
something that some of the boys nev-
er had in their entire lives.

Wilderness

Headed by petty officer Clarke of

“the Royal Bahamas Defence’ Force,

a group of RBDF officers spent six
months in the wilderness with them.

“It has not been easy these past six
months,” ce ad Rolle told The Tri-
bune.

“Trust me, these fellows have not
been easy to live with. We had fight-
ing, stealing and a lot of rough days.
We had to get up at five o’clock in
the morning every day. We had
kitchen and bathroom duties three

& Embroidery



@ JANET Russell, co-ordinator of the ministry’s “Fresh Start”
Programme and assistant director of youth, has nigh hopes
for the een

Tce EO Oe LY Ly YL a eee Loo)

@ LIONEL Elliott, a.presenter in the Ministry of
Youth’s “Fresh Start” Programme, gives an



(Photos by Felicity Ingraham/Tribune Staff

_ the girls —- wow!

times a day. There was ‘one for all
and all for one’ punishment.

“But then we had a lot of good days.
We had lots of good food to eat, andI |
made a lotiof good friends. There are
beautiful people here in Andros...and

7?

‘Enrique read the reflections on

behalf of the graduating class, having,
_ come there only being able to read at

level of a five-year-old. *
is co-graduate, 17-year-old Julian

Seymour, said his activities with gangs

brought him to the programme. He

‘said most of them had a hard few first

weeks because they did-not want to be »
there. But after learning skills in car-
pentry, plumbing, automechanics,
farming and diving; and after being
able to take examinations in math,
English and other subjects again; and
after learning self-empowerment and
job hunting skills, he has‘no regrets.

“This programme was good,”
Shakatori Thompson commented. “I
was trained in so many areas. I devel-
oped mentally and physically. I passed
all obstacles and I think this is a great
‘help to the youth.”

In April of this year, the junior boys
“passed out” of the programme after
spending three months in the wilder-
ness. They went on to be placed back
into schools,.even after being expelled.
Recommendations from the Ministry
and YEAST gave them a second
chance at an education.

However, something had to be done

to continue motivating the senior

boys, because they do not have a
school home to return to.

Hence, the Fresh Start programme
will help them to find jobs while reit-
erating the skills needed to become a
productive Bahamian citizen. a

Today, the programme begins a
week of community service.
Assistant Director of Youth Janet
Russell said that during the 14 weeks,
the students will be engaged in job
preparedness, community service, four
weeks of computer technology classes
at Government High School, and they
will then begin an internship pro-
gramme.

The government will pay them a
$100 stipend each week, while the
company they are placed with will pay
them an additional $75. At the end
of their tenure, the companies may
keep them on full time. But, accord-

SEE page 2C


THE TRIBUNE

PAGE 2C, MONDAY, JULY 18, 2005





THANK you for the excel- midst yet is still a lost sub- the mark.
lent item on the Oakes mur- ject to most of the younger Former police officer
der. As a young Bahamian generation? ecccce
professional, I am ashamed Did the Oakes family sus-



to admit that I know far less
about this case than I ought.
However, INSIGHT has giv-
en me some tantalising infor-
mation, and I can’t wait to

pect Foskett? I am told that
Lady Oakes was completely
taken in by this man, whose
greed was legendary.

Please write more about

I KNEW officers who ;
worked on the Oakes case. '
Harold Christie was the
number one suspect at the :
time, yet he was never inves-



Bi YOUNG boys listen attentively to Lionel Elliott’s lecture.

(Photo: Felicity Ingraham/Tribune staff)

a VE

slainiess Steel Grill including

ig

ainless §

oh
's from new until ll Augus at

feel utensil sel §

will be given to,
oi.

hear more. this case. am greedy forit. tigated. No-one involved ;
Nassau doctor Lena A, Palmdale thought Alfred de Marigny |
was guilty.

e00000 00000 Ex-Detective ‘
eoc0cce 4

THE article on Walter THE article on the Oakes :

Foskett and Sir Harry Oakes
. Was outstanding. Please can
-we hear more about this
case, which happened in our

murder was beautifully writ-
ten; very thought-provoking
and extremely controversial.
I also suspect.it was close to

I STILL think the Mafia

‘did it.

i
V Roberts ‘
i





FROM page 1C

ing to Ms Russell, the experi-

‘ence they would have gained

is invaluable.



She touted the programme
in Andros, saying that as a
social worker, she would have
been able to pick up on trou-
bles in each person.

However, she told the group

last week: “You don’t appear
7?

to be a troubled group to me!
After getting to know each

‘young man, she learned that |
-they came from backgrounds

that landed some of them in
jail and others at the Simpson
C Penn Centre for boys.

In fact, when The Tribune
visited the Fresh Start Pro-
gramme Friday, one young
man had just had his case
thrown out of court after a

favourable progress report.

from the programme.

Robert Black hailed Fresh

Start as a life-saver. He said

other young men should join.
“Doing foolishness on the

streets, smoking dope, robbing

' people — it gets you nowhere. I

was following friends, but they
are in jail today,” he said.

_ Added 16 year-old Renaldo
Woodside, giving advice to his
peers: “Don’t smoke, don’t
gamble, don’t drink.”

He said the programme has

. given him the inspiration -to be

a carpenter after learning skills
in.Andros.

Through Fresh Start, he will
learn how to put together his
resume and how to handle a
job interview. He will also
learn to give unselfishly
through community service
programmes.

When the boys were in
Andros, their true skills were

‘ put to the test when a fire con-

sumed a home. The residents in
North Andros reported that
these boys showed heroic abil-
ity and selflessness as they

helped older men douse the -

flames and secure residents to
safety.

While in Andros, their true
team spirit was also shown.
They formed a team and won
the basketball championship
there.

Ms Russell said that even

today, having left Andros, she

senses true camaraderie among
the group.

Lionel Elliott is one of the
programme’s presenters. Dur-
ing one of his lectures, he asked
the boys what they would do
if they went into a store to buy
$25 worth of goods, but the
cashier gave them change for
$100.

After listening to various
answers in the group, he told
them, “everything you do will
have repercussions”. For exam-
ple, that cashier will now have
to pay for that mistake out of a

if

salary that is probably small
and must stretch far. On thé
other hand, he added, “what if
it happened to you?” ‘ |

As.these young men make.
their integration back into soci-
ety with a new attitude and
new lease on life, Minister «

. Youth Neville Wisdom i is beg-

ging society to ‘ ‘give these.
young men a chance”.

He said his ministry’s next
goal is to house nearly 300
youths at the camp and in
attaining that goal, they will be

looking at selecting 40 “dis-

tressed” girls next.
Deputy Prime Minister Cyn-

thia Pratt knew some of the

young men graduating from the
programme. They came from
the “ghetto” in her St. Cecilia
constituency. ;

She told the parents: “These
are different boys; they havea
smile on their face. They have
been given a second chance.on
life. If we lose our young peo-
ple we would have failed. We
must be a forgiving nation.
God said he forgets when we
repent, but we always want to
tell them what they used to be.
We have to change that
because they are the ones who
will lead this nation in the .
future.” .

‘As the programme is set to

“begin anew in September, Dea-

con Jeff. Lloyd and the other
coordinators know they will
have to detox, revive and’
inspire a whole new set of
young men — but that’s what
they: have pledged to do. Hay-
ing conquered the first project,
they expect to excel as the pro-
gramme grows.

What is more challenging,
said Mr Lloyd, is for the stu-_
dents to effect what they have
learned. when they leave the
programme and go back to the
environment where their mis-
demeaning behaviours were
born.

Therefore, Councilor
Andrew Albury said the young:
men and their parents are invit-
ed to monthly meetings, where
progress reports will be made.

With all the focus on secur-
ing their future, how do the
boys feel?

“It changed us into better
people. It made us smarter, and
it makes me feel good,” said .
Marco Lord. ;

Owen Cox, who has decid-
ed he wants to be a civil engi-
neer added: “I learnt that you
can make an honest living
rather than the fast, easy life
of selling drugs. You don’t have
to worry about having the cops
on your back. In the end, work-
ing hard will pay off.” *.

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THE TRIBUNE



INSIGHT

MONDAY, JULY 18, 2005, PAGE ©

WTS GIN aa



i. REGISTRAR GENERAL Elizabeth Thompson omer
announced her resignation last week.

(Photo: Mario Duncanson/Tribune es



© «We are all saddened by the
death of Rev Nottage. He

played an integral role in the
treatment of AIDS patients,
éspecially dispossessed patients.
His (Rev Nottage’s) All Saints
Camp played a very important
role in our care and treatment

rogramme so we are very sad-
dened by the loss. I know he,
through his vision had many

lans to expand and enhance
the centre, and we would like
to know the service there would
continue.”

— Minister of Health Dr

arcus Bethel on the death
Rey Glenroy Notiage.

: e©ee000
“If you'll continue to sit down
here, you talk about Indepen-
dence, if you continue to sit
“down here and let all these ille-
“pal immigrants come into our
,country and take over, one time
.We are going to be celebrating
i “Independence on Clifford Park
“and the bulk of the stuff will be
.In Creole.

“If you stay here and just let
everybody come in, everybody
“come in, nobody is saying noth-
ing, this one running to the
Bahamas...

“That’s. why CSME was not

reed for us. We can’t handle

reedom of people moving up

fand down to work in the





The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you’are raising funds for a
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If'so, call us on.322-1986
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Bahamas from other Caribbean
countries. We can’t handle it.
We are overloaded now.”

— Baptist preacher Bishop
Neil Ellis’ delivered a fiery ser-
mon on “Bahamian Freedom”
during a Sunday service over
the Independence weekend.

“Unless the government says
otherwise I believe Mr (Leslie)
Miller signed onto PetroCaribe
without the express authoriza-
tion from the Cabinet. This. is
based on comments I have had
from sources.”

— Former MP Zhivargo

Laing on the Bahamas signing

1999 Toyota Camry, low miles
cy

overnment

remained tight-

lipped last

week in the

face of growing
concern that Trade and Indus-
try Minister Leslie Miller might
have signed the PetroCaribe
agreement without Cabinet
approval.

Former Cabinet Minister
Zhivargo Laing told The Tri-
bune last Thursday that unless
government explicitly tells the
public that Minister Miller
signed the agreement without
Cabinet consent it is fair to
assume that “we may be send-
ing signals to allies that we are
having a shift in foreign policy”.

Venezuela has agreed to sell
crude oil and petroleum prod-
ucts to Caribbean countries at
concessionary rates as part of
the PetroCaribe agreement.

PetroCaribe, the brainchild
of Venezuelan President Hugo
Chavez, is designed to reduce
the effects of high oil prices on
the region by offering the ener-
gy-dependent islands petrole-
um products at reduced
costs.

. Trinidad and Tobago as well
as Barbados have refused to
be part of the pact, which
Trinidad and Tobago fears

could erode its Caribbean mar: .

ket.
Both Foreign ‘Atuite Minis-
ter Fred Mitchell and Prime

Minister Perry Christie have

refused to comment on the
matter.

oi os fe 2 a

A FORMER PLP. MP has
called for an immediate mora-
torium on all migrants into the
Bahamas.

‘And a former minister of
immigration has warned that if
the Bahamas continues on its
current trend, it will be overrun
with Haitians in the next 20
years.

Former MP Dr Elwood
Donaldson said government

needs to puta moratorium on ~




onto the PetroCaribe oil agree-
ment with 13 other Caribbean
nations.

“We must demand action

from our leaders. We pay them:

good money to guard our bor-
ders, protect our heritage and
allow us to enjoy the full fruits
of the Bahamas.”

— Former MP Eldwood

Donaldson speaks on the illegal

immigration during a meeting
convened by the Civil Society
to address the topic.



















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all immigrants save those need-
ed for vital government prob-
lems. He suggested that there
be a 30-day amnesty to allow
immigrants to ensure they have
their documentation, then all
those in the country illegally
should be sent back to their
homeland.

Mr Loftus Roker said that if
even half a million people from
Haiti, a nation of eight million,
descended on Bahamian
shores, they would outpopu-
late residents.

ook kek ok

REVEREND Glenroy Win-

ston Nottage, director since
1990 of the All Saints Camp of

_John the Divine that provides
shelter and support for AIDS -

victims, died last week. He -was

Rev Nottage had been in the
Intensive Care Unit of the
Princess Margaret Hospital
since June. He died at 10.30am
Sunday, July 9.

Rev Nottage moved his drug
and AIDS recovery pro-
gramme from the Old St John’s
College campus on Market
Street following arguments
with the Anglican Church over
the way he operated the pro-
gramme at the property.

Because of accusations of
abuses at the camp, the Min-
istry of Health in 1995 threat-
ened to take over the opera-
tion of the camp and evict per-
sons from. the institution.

However the camp has been
a place of refuge for many who
suffered from the virus and

“who had no family members

willing, or capable of caring for
them.

. The All Saints Camp is a,

non-government agency fund-
ed predominantly by donations
from charitable organisations,
groups and individuals.

Government has said it.’
-hopes the work of the camp

would continue, despite Rev

. Nottage’s death.

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THE controversial Bishop
Neil Ellis caused another stir
last week when he told a con-
gregation that if Bahamians
continue to turn a blind eye to
the illegal immigration prob-
lem they could soon find them-
selves celebrating the.country’s
independence in Creole.

Bishop Ellis, the senior pas-
tor of Mount Tabor Full
Gospel Baptist Church, made
the comments in a fiery ser-
mon on the topic of “Bahamian
Freedom”. The text was taken
from Luke 13, verses 10-17.
The nation also celebrated

Independence on Sunday, July
10.

The Baptist preacher. con-
demned any move by govern-
ment to pressure Bahamian
teachers into teaching children
born in the Bahamas of Haitian
parents, in Creole.

And Bishop Ellis warned
Bahamians that if something is
not done with the illegal immi-
gration problem, especially the
large numbers of Haitians liv-
ing in the country, then future
generations of Bahamians may
find themselves fighting for
freedom in their own country.

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THE TRIBUNE





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THE TRIBUNE

MONDAY, JULY 18, 2005, &2

Giz 5C







“SUNDAY, JULY 17,2005 | THE MIAMI HERALD



COMMENTARY

ISNEOS



“Copyrighted Material

Syndicated Content
Available from Commercial News Providers”














pine In the half century since its firs
— theme park opened in Anaheim,
. ~ Calif., Disney has been a highly visible —
. barometer and shaper of the U.S.
— psyche. But as one critic says, ‘the
creative flame at the heart of the :
‘ : place is flickering rather dimly at this THEME PARKS? ALLURE: The Disni
: - magic charms guests around the
— point 3 : world as well as in Walt Disney
a . World at Lake Buena Vista.
7 BY EVELYN McDONNELL
emcdonnell@herald.com
n 1955, President Dwight Eisen-
hower ruled over an America
flush with consumerism and rid-
dled with fear of the Soviet Union.
Rosa Parks set the civil rights move-
ment marching, and Dr. Jonas Salk
discovered the polio vaccine. Elvis
- = Presley and Marilyn Monroe were

earthy, sexy stars. And on July 17 in
Anaheim, Calif., Walt Disney unveiled
a whole new world of make-believe
family fun: Disneyland.

“Tt just totally knocked my socks
off, even though it was so incom-
plete,” says Wanda Martin, 63, a.
Stockton, Calif., bookkeeper who vis-







OPINION PAGE

PRESS VS. WHITE HOUSE: With one
of its own locked up, much of the.
Beltway gang has declared war on
the White House, 3C.

AWOL BUT EARNING: Members of

Congress get paid whether they’re
there or-out on the campaign trail,
despite a law that says otherwise, 3C











RAUL RUBIERA/HERALD STAFF



ited the self-anointed “happiest place
on earth” two months after it opened.
“Main Street was wonderful, and all
the land — it opened up into prom-
ise.” :

Fifty years later, President Bush
rules over an America obsessed with
property values and terrorism alert
levels. Rosa Parks remains absurdly
locked in battle with progressive hip-
hop group OutKast, and there’s no
cure for AIDS. Tom Cruise and
Madonna peddle religious sects. And
the Walt Disney Co., which for much
of the previous century was practi-
cally synonymous with popular cul-
ture: Well, where exactly is it?

° TURN TO DISNEY, 2C

wi HERALD.COM: MAN’S VISION TRANSFORMED THE U.S. FAMILY VACATION;
THEME PARKS AND ATTRACTIONS HAVE COME A LONG WAY SINCE 1955.








Be 1 SUN Ate AOS

PAGE 6C, MONDAY, JULY 18, 2005

INSIGHT

THE TRIBUNE.





ISSUES & IDEAS

COMMENTARY

THE MIAMI HERALD

Disney magic waning?

* DISNEY, FROM 1C

“The creative flame at the heart
of the place is flickering rather
dimly at this point,” says James B.
Stewart, author of Disney War, a
book, published this spring, that
details the corporate doings and
undoings that have overtaken Dis-
ney’s public image during the
last two decades.

Disney has been a highly
visible barometer and shaper
of the American psyche since
brothers Walt and Roy began
making cartoons in the 1920s.
Its impact reaches
around the globe,
where it’s an icon
of Americanism —
of opportunity and
youthful imagina-
tion, as well as of
commercialism and —
cultural imperial-_
ism. It’s the com-
pany some love.
fanatically and oth-
ers hate with equal
passion.

sions with some
ple in Eastern

ologist who serv
_ cultural attaché t

Romania in 1990-§
Before the 89 revolu-
tion, Martelsays,
Romanians couldihave |
been jailed for wearing |
Mickey Mouse T-shirts.
“With them I realized, at that
time, how Disney was a sym-
bol of liberty and freedom.”

Back home, intellectuals have:
often been less kind to the mouse
house that Walt built. In 1968, New
Republic writer Peter Michelson
accused Disney of being head of “an
international happiness conspiracy”
and a man who “made images for
the mind on Vacation.” Three.dec-
ades later, The Herald’s Carl'Hiaa-
sen, in his book Team Rodent, saw
the company as the face of good and
evil: ‘Disney is so good at being
good that it manifests as evil: so uni-
formly efficient and courteous, so
dependably clean and conscien-
tious, so unfailingly entertaining
that it’s unreal, and therefore is an
agent of pure wickedness.”

Disney’s influence and its image
have risen and fallen with the times.

THEME PARKS’ MILESTONES

@ 1955: Disneyland opens in
Anaheim, Calif.
@ 1957: Disneyland marks
10-millionth guest
@ 1959: First urban monorail
system in U.S. opens at
Disneyland
@ 1971: Walt Disney World
opens in Orlando
@ 1975: Space Mountain,
Magic Kingdom’s first thrill
ride, opens at Walt Disney
World
@ 1988: Grand Floridian
Beach Resort, first new
: Disney hotel in 15 years,
i opens at Walt Disney World
@ 1991: Magic Kingdom’s
Main Street Electrical Parade
ends
@ 1994: One-billionth guest
recorded at Disney theme
: parks worldwide
| @ 1994: 20,000 Leagues
' Under The Sea attraction
closes at Magic Kingdom in
Orlando
@ 1996: Celebration, Disney’ s
residential town, opens
® 1996: Disney Institute for
learning vacations opens at
Walt Disney World
@ 1998: Disney Cruise Line
debuts
| @ 1999: Horizons pavilion
| closesat WDW's Epcot;Test |
| Track ride replace World of i
| Motion at Epcot; Cirque du
: Soleil show opens at
: Downtown Disney
! @ 2000: Disney Institute
| closes
' @ 2001: Soarin’ Over |
: California ride debuts at
| opening of Disney’s California |
: Adventure
| @ 2003: Mission: Space ride |
| opens at Epcot i
| © 2005: Total number of |
: visitors at all parks hits two |







o



: billion
i . - Herald Staff






















































RAUL RUBIERA/HERALD STAFF

CAPITALISM AND CULTURE: Disney’s beloved sHarseters are seen on all sorts of Poredueks. Walt Disney
did from the Beginning realize, and some would say overpromote, the power of merchandising.




As goes Mickey, s so goes, e coun-
try. And lately, Disney ‘has been in
trouble. Epic boardroom struggles
have crippled the company cre-
atively — a metaphor, perhaps, for
how greed is choking our culture at
large.

Maybe Disney is in one of its
down times, or maybe its hold on
the world’s imagination has been
forever loosened.

PRIDE OF PLACE

From.its inception, Disney per-
sonified a sentimental pride of
place. Son of a struggling working-
class Protestant family, Walt Dis-
ney recreated in Disney movies and
in Disneyland’s Main Street USA an
idealized version of his Midwestern

- small-town upbringing, which in

truth was only a small portion of his
childhood (he grew up primarily in

cities). The inventive dreamer and —

drawer made his fortune out of
spinning such fantasies.

Walt and Roy moved to Holly-
wood in 1923 and began making ani-
mated shorts for Disney Brothers
Studio. Walt was the original “ima-
gineer,” as Disney’s creative staff
came to be known; Roy held the
company together financially — an
often-impossible task. By the ’30s,
Walt’s creation Mickey Mouse had
become world famous.

“There are a couple of different
explanations for why Disney took
the country by storm and became

. so influential in so many ways,”

says Steven Watts, a history profes-
sor at the University.of Missouri
and author of The Magic Kingdom:
Walt Disney and the American Way
of Life. “The quality of his work was
superb.... There was a sparkling
creativity that was fresh and attrac-
tive and wonderful in many ways.”

Disney was also an expert zeit-
geist surfer. “I found that Disney
served as a kind of historical media-
tor for many decades in that I think
he helped Americans come to grips
with changes in their society
through his work,” Watts says.
“The great popularity of Mickey
Mouse in the ’30s, a lot of that has
to do with the Depression and the
way in which Mickey Mouse served
as a kind of everyman. In the early
cartoons Ifoundin many casesa _
subtext of the heroic, ordinary, lit-
tle person surviving against the
odds, the elements.”

Disney was also skilled at riding
and directing the waves of prog-
ress. Among other things, he real-
ized early on how important sound
films would become. He was a pio-
neering independent filmmaker,
refusing to sell his company to the
established Hollywood studios. In
the ’50s, as television took hold, he
became a familiar face in American

isasdhialds as host ot Disneyland,
aka Walt Disney Presents. And with
Disneyland, he invented the Ameri-
can theme park. :

“Tt introduced an entirely new
concept in outdoor entertainment,”
says Tim O’Day, director of print
and online publicity for Disney-
land. “It was the first immersive
three-dimensional storytelling
experience. Walt Disney wanted to
create a place where family and _

' friends could gather in a clean, safe
environment. .,. He was.also
looking for some kind of amuse-
ment where he could bring his sto-
ries to life.”

“We had a wonderful time,”
recalls Martin. “I didn’t know what
to expect. I’d only been to fairs. So’
Disneyland was a new experience.”

POLITICS CHANGED

Opening celebrations were
awash in words and images of patri-
otism. Walt’s politics had changed
with the times. The son of a social-
ist and onetime champion of the lit-
tle guy had been soured by a studio

- strike in the ’40s. He became an
ardent anti-Communist and friend
of J. Edgar Hoover’s FBI.

Disneyland required workers to
follow strict dress and decorum
codes.

“In some fashion, Disney saw
Disneyland, and other people saw it
even more, as an idealized version
of what America could be,” Watts
says. “It was a kind of urban reform
experiment where you could create
a make-believe entity that was
wonderful and attractive and thou-
sands of people could come into it
and have wonderful experiences.

. It was a utopian vision of subur-
ban America.”

Disney took this imaginative
social experiment even further in
the ’60s, when he conceived Walt
Disney World. His visions for the
park included.a model community
called EPCOT Center. Walt died in
1966, before Disney World opened,
and EPCOT became an attraction
dedicated to futuristic technology.
But his ’60s utopian vision came to
fruition of sort in the.’90s, albeit
more as a yuppie real estate
scheme, when the Disney-created
Florida town Celebration was
founded.

Even some of Disney’s support-
ers see the company’s attempts to
remake, rather than just reimagine,
the world as having gone too far.

“A big weakness of Walt’s is that
he had next to no understanding of
politics,” Watts says. “I don’t think
he ever realized that to make some
place like Disneyland come to frui-
tion you needed a kind of dictator
— the dictator of the happiest place
on earth. That’s the dangerous side
of the Disneyland dream. It’s a



technocratic vision that’s very
shimmering and attractive but
doesn’t jibe with political real-
ities. There’s no room for democ-
racy.. ,

GLORY REGAINED

No one denies that the company
lost its way in the years after Walt
died. It wasn’t until 1984, when
Michael Eisner took over as chair-
man and chief executive, that the
company that had made Snow
White and the Seven Dwarfs, Sleep-
ing Beauty, Mary Poppins and The’
Jungle Book regained some of its
former glory. In part thanks to stu-
dio head Jeffrey Katzenberg, Dis-
ney produced some of its finest
films in the late ’80s and 90s:
Beauty and the Beast; The Lion
King; Toy Story. The company also
became a powerhouse of more
mature movies, most notably by
acquiring Miramax Films.

But by the end of the century, .
Eisner’s empire was falling apart.

_ Miramax founders Harvey and Bob

Weinstein left; the animation whiz
kids at Pixar have said they too will
split.

“A crucial thing was when Eis-
ner decided, listening to various
advisors, that Disney was a quote-

unquote growth company that was

going to generate 20 percent earn-
ings gains a year in perpetuity,”
Stewart says. “Now Disney had’
accepted the embrace of Wall
Street, was obsessed with stock
price, and was just another big cor-
poration.”

Stewart says that bottom-line
obsession “is as far afield from
Walt as you could possibly get.”
Even after his success, Disney .
never got caught up in the trap-

” pings of wealth or sweated budgets.
“He certainly didn’t care about

quarterly profits,” Stewart
_ says.

But Disney did from thé
- beginning realize, and some

would say overpromote, the

power of merchandising.

‘Watts recalls stepping off a

- train in Rome, anxious to

see the classic sights, and

immediately spying a

- Mickey Mouse T-shirt

-and the McDonald’s
golden arches instead.

. “The thing about the Dis-

ney phenomenon that I

: found a little unsettling is this

“tremendous commercialization

of the Disney image and prod-
uct that just seemed to be the
blob that ate Tokyo,” he says.

Or as film critic Richard
Schickel wrote in his 1968 book
The Disney Version: The Life,
Times, Art and Commerce of Walt

Disney: “As capitalism, it is a
work of genius; as culture, it is
mostly a horror.”
Eisner’s role:at Disney as chair-
man is now mostly titular,andby ...
. September will be history. Rob-
ert Iger, a Disney vet-
eran, is the new
chief executive.
“Iger’s very nice,”

. Stewart says.

' “Be’s very unlike
Eisner in many
ways; he would
have to be to sur-
vive. He likes to
say he’s the real
survivor. The
question is, can
you go from being |
a survivor to
being a leader?”

| CREATORS NEED FREEDOM’ —

Disney needs to revive its cre-
ative core, animation and amuse-:
ment parks, to become the com-
pany it once was. Along with the
happiest celebration on Earth, Dis-
ney is preparing to open its first
amusement park in Asia, in Hong
Kong, in September. An animated
movie, Chicken Little, is scheduled
for Nov. 4 release.

“Hollywood businesses flirt with
wanting to make lots of money,”
Stewart says. “It never really
works. No one’s found a formula
where you can take the entertain-
ment industry and make a reliable
profit. Investors have to accept
there are going to be highs and
lows. In the end, creativity drives
the company.”

“The entertainment industry is
not the food industry,” Martel says.
“Michael Eisner tried to run Disney
as Wal-Mart. He did succeed on the
corporate synergies, business side,
but he failed on the personal level,
on the human factor. Creators need
freedom, and you don’t buy ideas
just with money. You have to
respect them and to keep them with
you.”

Observers are watching Disney
not just to see how the company
thrives, but because for so long,
we've seen ourselves — our very
dream lives — reflected in it. Amer-
ica is like a child, it’s been said, and
Disney under Disney presented the
best qualities of children: wonder;
imagination; innocence; lack of
irony; lack of pretense.

“Those early Disney characters,
Walt had an ability to tap into the
psyche of child development,”
Stewart says. “He never knew a
thing about psychology per se, but
he had some kind of intuitive
understanding of the role and the
‘grip on children’s imaginations of
these fable and fairy tales.”

CASTS A SPELL

. Shined and polished for its anni-
versary celebration, Disneyland
still casts its spell as the Magic
Kingdom. Disney designed the
attractions so the lines never felt
long; there was always something
— or someone dressed as Winnie
the Pooh — to distract. Whereas
other amusement parks seem to
foster overstimulated, stressed-out
families, a reporter on a recent visit
to Disneyland saw only one such,
nuclear meltdown. Everyone else
was, well, if not the happiest, pretty
happy.

Martin, wearing a Tinkerbell hat
during a visit to the park in April,
has gone almost every year since
the first of her six children was
born. “I’m impressed with the qual-
ity, that they keep improving. ..

It’s mostly still family oriented and
that’s important.”
,~~——

|HE TRIBUNE . epenieeaee

oe INSIGHT

NT ec chee a aaa ee ee et ee ee eee

OPINION |

JESUS DIAZ JR., PUBLISHER | TOM aden EXECUTIVE EDITOR | JOE omnes no PAGE a aoe KNIGHT (1909- si



JOHN S. KNIGHT (1894-1981)



CONGRESS

Our reps earn
even when absent

BY BRONWYN LANCE CHESTER
bronwyn.chester@pilotonline.com

I aws, it seems, are fine for the

hoi polloi. But when it comes to -

Congress — Ground Zero for inces-
sant bleating about “the rule of law”
— some codes are mere formalities
to be ignored.

Take the pesky “No work, no
pay” law. For you legal eagles, that’s
in 2 U.S. Code Section 39.

The 1856 law is both sensible and
straightforward: If a member of
Congress is absent for reasons other
than official business or personal or

family illness, he will be docked one

day of salary for every day
missed.

In other words, to get
paid, you have to come to
work.

It makes sense in a busi-
ness where, in order to pass
legislation, you actually
have to show up and vote.

But in our age of perpetual cam-
paigns, more politicians are going
AWOL from their day jobs to seek

- better ones. It’s the political equiva-
lent of leaving a coat. draped over

. the choicest seats in the movie the-
ater.

Instead of resigning to seek

higher office, or waiting until their .
terms are finished, these politicians :

are drawing their full paychecks —
$158,100 last year — for work missed
in Washington while pressing flesh
elsewhere. .-

Not only is it unethical to get
paid while denying congressional
representation to constituents, it’s
also — how to put this delicately? —
illegal. But clever senators are try-
ing to fix that stumbling block, not
by following the law, but by
exempting themselves from it.

Tucked away in the Senate’s leg-
islativé-spending bill is a provision
to relieve senators from the annoy-
ing obligations of a law most regard
as a mere formality. Or as Pete
‘Sepp, spokesman for the National
Taxpayers Union, puts it: “Their
, View is, if you. can’t join the law,

"beat it.”

No wonder. Turns out some real
stars in the political stratosphere
appear to have run afoul of this par-
ticular rule and kept the unearned
dough. According to NTU, a non-
partisan advocacy group that scruti-
nizes government spending, Sen.
John Kerry, erstwhile Democratic
presidential contender and gazil-



CHESTER

lionaire, missed 146 days of work in
2003 and 2004, and was overpaid
$91,000; chump change if you have
access to Teresa’s PIN number.
Other reprobates: Sen. Joseph
Lieberman, who skipped 54 percent
of all Senate votes in 2003 and was

. overpaid $39,000. And former Sen.

John Edwards, slammed last year by
Vice President Dick Cheney for
playing hooky from the Senate,
missed every single vote during
July, September and October of
2004. That netted him $64,000.

Because of their wide-open field
in the presidential race, Democrats
were the worst offenders of the past
two years. But some Repub-
licans gave them — pardon
the pun — a run for their
money: Former Republican
congressman Jim DeMint
missed 37 days of work in.
the House while campaign-
ing for a South Carolina
Senate seat; he received
$23,000 he didn’t earn. Ditto for
Pennsylvania’s .Rep. Patrick
Toomey, AWOL for 19 days; that’s
$12,000.

No such rule binds President
Bush; in fact, Air Force One regu-
larly doubled as his campaign plane.

Of course, $91,000 here and
$12,000 there amount to little more
than budget dust. But when the $8
trillion federal debt means every
man, woman and child is in hock for
$26,000, every penny counts.

Further, the law is a formality
only in the offenders’ minds. Your
average armed robber or:car thief
probably uses a similar rationaliza-
tion. The difference is, unlike politi-
cians, they don’t have the power to
change inconvenient laws.

Pity poor House members, who
didn’t think to include a similar pro-
vision in their spending bill. If law-
makers have an ounce of shame in
their bones, they’ll block the repeal
attempt from the final version.

But the House was surely
cheered by its nice automatic pay
raise two weeks ago. After all, it’s
hard work griping-and-grinning
with school groups, refilling the ink-
well on the Autopen and mailing
form letters to constituents.

Yes, laws are for the little people.
Apparently, belt-tightening and
shared sacrifices are too.

Bronwyn Lance Chester is a col-
umnist for The Virginian-Pilot in
Norfolk, Va.

“Copyrighted Material







Press corps vs. White House

' BY MICHAEL GOODWIN
- mgoodwinedit@nydailynews.com

I t’s a civil war in Washington.
The combatants have an eye-
for-an-eye mentality. The parti-
sanship is heated and nasty.

Republicans versus Demo-
crats? Nah. This one pits. ne
media against the g
White House.

It’s a war the
media can’t win,
and shouldn’t

wage.
The grilling
that White

House reporters . GOODWIN
inflicted on presidential spokes-
man Scott McClellan last Monday
over whether political guru Karl
Rove leaked the name ‘of a CIA
operative was no ordinary give-
and-take. It was a hostile hector-
ing that revealed much of the
mainstream press for what it has
become: the opposition party.
Forget fairness, or even the
pretense of it. With one of its own

- locked up — Judith Miller of The

New York Times — much of the
Beltway gang has declared war on
the White House. .

Reporters | apparently have
decided Democrats aren’t up to
the job. Can’t blame them.

That the mainstream media

are pe liberals with press





passes has been documented by
virtually every study that mea-
sures reporters’ political identifi-
cation and issue positions. But
bias has now slopped over into
blatant opposition, a stance the
media will regret. Instead of pro-
viding unvarnished facts obtained
by aggressive but fair-minded
reporting, the media will be
reduced to providing comfort
food to ideological comrades.

Already held in lower esteem
by the public than lawyers and
Congress, the press risks looking
like a special interest group. Its
claims to represent “the Ameri-
can people,” as one McClellan
inquisitor did, are easily ignored
when it serves as an echo cham-
ber for the anti-Bush.

Indeed, as soon as Monday’s
bash-by-press session ended, Sen.
John Kerry, D-Mass., called on
Rove to resign. If everybody
resigned when Kerry demanded
it, Washington would be empty.

In fairness, the media have
many reasons to feel frustrated.
The Bush White House has not
only restricted information, but
has aggressively moved against
traditional press privileges. In the
past year, about 25 reporters have
been subpoenaed or questioned
in courts about their sources,
according to the Newspaper
Association of America.



Syndicated Content

Available from Commercial News Providers”

The most famous case has
seen The Times’ Miller sent to
prison for up to four months after
she refused to disclose who in the
government talked to her about
CIA agent Valerie Plame.

A federal prosecutor is prob-
ing whether a crime was commit-
ted by someone who blew
Plame’s secret status. Rove has
emerged as the latest press sus-
pect; his lawyer denies any
wrongdoing.

Miller — a former colleague of
mine — has taken her punish-
ment with grace. Her husband,
book editor Jason Epstein, told
Editor & Publisher magazine, ,
“She was quite prepared to take
the consequences and the judge
had no choice, she understood
that.” Epstein said Miller believed
she had to protect her source,
even if that meant jail.

“I don’t see how it could have
been avoided because the law is
the law,” he said. “She exhausted
her appeals and had no place left
to go.”

‘What a refreshing, adult point
of view. Here’s hoping it spreads.
Then the press can get back to
reporting on the president
instead of fighting him.

Michael Goodwin is a colum-
nist for The New York Daily
News.
ere]








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