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:
2006
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 )
9994850 ( OCLC )

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. The Tribune



The Miami Herald

BAHAMAS EDITION

, UESDAY, AUGUST 8, 2006









Policeman in hospital

a alter plain-clothes mix-up |

OFFICERS of the Central
Detective Unit are investigat-
. ing a debacle in Grand Bahama
- that resulted in an officer being
hospitalised after two plain-
clothes police officers fired on
one another .

At about 5.10am on Monday,
Grand Bahama police officers
responded to reports of a dis-
pute involving two women that
occurred in front of Club
Amnesia on East Mall Drive.

While dealing with that dis-

pute, the piain-clothes officers, '

who are attached to the:CDU in
_ Grand Bahama, heard gunshots
being fired in the club’s parking
lot where a large crowd had
assembled.

According to reports, ‘the two
officers shortly afterwards
observed a man running

towards the Royal Islander |

* Hotel with a.gun in his hand.
One of the officers pursued the
suspect on foot.

Meanwhile Sherico Far-
quharson, an officer from the
New Providence district, who

sereseteeeeee renter teeters eerie hisses) te beisbessbasehiveassh Gab ddgteseusvcausidsdsatbonss atnaaioe :

was on the island assisting with
duties at the Junkanoo parade,
came onto the scene and mis-
took the CDU officer who was
running with his service weapon
drawn, for a suspect, and sub-
sequently opened fire on him.

Another Grand Bahama
CDU officer saw Mr Farquhar-
son, who was also iin plain
clothes, firing on his partner and
not recognising him as a fellow
officer, began shooting, hitting
the New
his right side.

The injured officer was
rushed to the Rand Memorial
Hospital where at press time he
was listed in stable condition.

The Grand Bahama CDU

. officer was not injured during

the incident.

During the initial shooting
incident, 32-year-old Glen-Roy
Rolle of Mayfield Park, who
was standing in the club’s park-
ing lot at the time, sustained a
gunshot wound to his right arm
by the suspect who fled the
scene on foot.

Two dead in traffic accidents

fi By KARIN HERIG
- Tribune Staff Reporter



‘TWO people died over the long Emancipation holiday weekend
in. traffic accidents with one man left fighting for his life when his
vehicle, which was being chased by police, overturned.

The deaths of a 31-year-old man from New Providence and a 22-—

year-old North Andros man bring the eee of traffic fatalities for

-. the year up.to 31.

The weekend’s first fatality occurred at 1am on Sunday on Bal-

’ iou Hill Road when a woman lost control of her vehicle, which col-
lided with a truck head-on, killing one of the car’s passengers.

Press liaison officer Inspector Walter Evans told The Tribune yes-

SEE page 14
















Providence olficer:in



Ce wulemcomeo(aie ros cepa eel er NY

ll A PARTICIPANT in the Junkanoo rush-out during the ‘George Mackey Fox Hill
Festival’ yesterday. Members of the Fox Hill community turned out in numbers at the event
to commemorate Hnacpaton Day. ° SEE PAGE 11

(Photo: Patrick Hanna)



Fishermen
‘are facing —
financial ruin’

@ By KARIN HERIG
Tribune Staff Reporter

- BAHAMIAN fishermen are
facing financial ruin because of
the country’s over-fished waters,
with some telling The Tribune
that many are at risk of being
unable to meet mortgages and
pay for the education of their
children.

With a high number of
Bahamian fishermen fighting
for their livelihoods, Fisheries

vand, Agriculture Minister Leslie
Miller is now calling for the
immediate amendment to the
sports fishing regulations to bet-
ter protect local fishermen.

Speaking with The Tribune
over the weekend, several craw-
fish fishermen from Abaco said
that with the waters being so
over-fished, they'can no longer
capture enough fish to sustain
them financially.:

Mr Miller said yesterday that
a similar scenario can be found
throughout the,Family Islands.

“It is an atrocity. We have
laws in place that are supposed
to protect our loéal fishermen,
but those laws ‘haven’t been
looked at in-20 years. Our
waters are over-fished, and the
biggest contributor to that is the
foreign sports fisher,” he said.

Mr Miller explained that in
1986 some $3 million tourists
visited the. Bahamas. annually,
now that number is up to $5
million. ,

“Tn addition to that, we have

_ mew marinas springing up all

. over the place, so we are attract-

ing a lot more sports fishermen
from Florida,” he said.

’ Under the current law, he

said, sports fishermen are

SEE page 14

| Figures show huge trade deficit in Bahamas

@ By RUPERT MISSICK Jr
Chief Reporter



IMPORTS into the Bahamas totalled
some $2.5 billion, while the country’s
exports are a meagre estimate of more

‘than $200 milllion, according to the lat-

est report of the Department of Statis-
tics on foreign trade figures.

Because the Bahamas is for the most
part an importing country with very lit-
tle domestic export, the balance of trade
(which is‘simply total exports minus
total imports) continues. to result in a
deficit.

The 2002 deficit in merchandise trade
— $1,449.7 billion was the lowest deficit
recorded for the five year period 2001-
2005. .

The 2003 deficit — $1,509.3 billion
was the second lowest for the same peri-
od. Conversely,
$2:116,320 million for 2005 was the
highest for the same period.

This report presents data on the vol-
ume and nature of trade between the
Bahamas and its trading partners.

Preliminary estimates show that
machinery and transport equipment

continued to be the largest contributor -



the trade deficit

to the Bahamas’ imports, totalling some
$567 million (or 22 per cent of all
imports), followed closely by the cate-
gory of mineral fuels which accounted

‘for nearly 20 per cent or $508 million.

The increase in this category, how-
ever, was due mostly to the significant
increase in the oil prices and not so
much an increase in the quantity.

Other categories worth mentioning
in terms of their value are the cate-
gories of manufactured goods (such as
wood, metal, steel or other construc-

_SEE page 14



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PAGE 2, TUESDAY, AUGUST 8, 2006

Li i! a

the

n a‘letter published i in The Tri-

bune last month, Cynthia
Daley took issue with me on a num-
ber of things including my objection
to the attempt by Prime Minister
Perry Christie to have Health Min-
ister Dr. Bernard Nottage address
the House of Assembly in session.

I reject Ms Daley’s criticism on
that point because the separation of
the two houses of parliament is well-
established by law and convention
and it would have been wrong, even
if the Opposition had given its con-
sent, for a Minister of Government
sitting in the Senate to address the
elected chamber in. session.

If Ms Daley were a regular reader
of this column she would know that
I do not hesitate to: criticize both
political parties on issues which go
beyond partisan politics and have to
do with the system itself.

For instance, I have repeatedly
criticized both parties for down-
grading the Senate by using it as a.
training ground and showcase for
political novices rather than the
mature upper chamber it was intend-
ed to be. :

I agree with Ms Daley that it was
regrettable Governor General Sir
Clifford Darling did not open the
first session of parliament after the
FNM ’s victory in 1992.

The office of Governor General
should be above partisan politics and
should be a symbol of unity for the
nation. All of the Bahamians who
have so far occupied that office —
from Sir Milo Butler to Arthur Han-
na — have done the nation proud
in this respect.

s Daley mentioned that for-

mer Speaker Italia Johnson

left the Chair on two occasions to

speak from the floor of the House of

Assembly. I recall only one other occa-

sion when that was done — by Speak-

er Sir Alvin Braynen some 30 years
ago.

Even though there does not -seem-to

be any rule against it, Ms Daley was

quite right to say it should not-be done. ©

It is a well-established convention, and

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May’s (Erskine May’s Parliamentary
Practice) makes it clear that the Speak-
er should never address the House
from the floor. That, obviously, is to
maintain the a a of the Speak-
er.

Ms Daley secased me of taking “a
mean-spirited swipe” at Speaker
Oswald Ingraham. That is an accusa-
tion I totally reject. I have criticized
Speaker Ingraham on several occa-
sions but I have never been mean-spir-

ited towards him.

On the contrary, I have been careful

" to avoid disparaging characterizations

where Mr. Ingraham is concerned



because he is a fine gentleman
. whom I hold in high regard. But it is
clear that he is not suited to be

and to have him in that position is
unfair to him, to the House and to
the country.

Any fair-minded person watch-
ing the proceedings of the House
as late as last week would have to
come to the same conclusion. Mr.
Ingraham is not to be blamed for
this; the blame must be put at the
feet of Prime Minister Perry Christie
and his colleagues for this sad state
of affairs.

opened last Wednesday’s session
was again allowed to break one of

standing inside the bar on the green
carpet during the scripture reading
and prayers.

Only members of the House and
the officers who serve them are
allowed on the green carpet.. Every
Speaker in the past has jealously
protected this convention. The chap-

should instruct him.

sek seek

some people, but the rules,
conventions, rituals, ceremonies,
manners and niceties of a society

important.
An Australian jurist ‘said many

years ago that before we dispense
with a particular ritual we should

first examine what value it protects.

Mindlessly discarding rituals and man- .

ners will make the values they protect
vulnerable to destructive influences.
We see this all around us today as the
abandonment of manners leads to loss

of respect, and loss of respect leads to’.
contempt for the rights.of others, and.

contempt leads to outright criminality.

* * *

he rules.and conventions gov-
erning the institutions of the

Correction on
COB lecturer

_ The Tribune headline article ‘Election on Sir Lynden’s
Birthday?’ printed on August 4 incorrectly referred to
. Felix Bethel as a former government politics lecturer at
‘the College. of the Bahamas. Mr Bethel Cuan holds
that position at us jealleze:




Speaker of the House of Assembly |

Incidentally, the chaplain who .

the conventions of the House by -

lain is not to blame;.the-Speaker »

‘t may seem like nit-picking to.

and its institutions are extremely.

state. are indispensable to the preser-
vation of those institutions and to the
orderly conduct of the affairs of state.
When they are abused with impunity,
deleterious effects on the body politic

follow with almost mathematical cer-

tainty.

The present administration has noto-
riously neglected and abused these con-
ventions, and the leading serial abuser

of cabinet government conventions is.

Minister of Agriculture and Marine
Resources Leslie Miller, aided and

abetted by a primé minister who lets »

him get away with it.

Minister Miller has repeatedly shat-_

tered cabinet conventions, primarily
in his shameless advocacy of the LNG
project and numerous predictions
about what the cabinet was going to
do and when. His relentless public



“The rules and

conventions governing

the institutions of the

state are indispensable -

to the preservation of

those institutions and °

to the orderly conduct
of the affairs of state.

pressure on. cabinet colleagues has.’
been unprecedented in the 43-year his-
tory of Bahamian cabinet government.
.. Itis a cardinal sin for a minister to go
to. the public to curry favour at the
expense of his cabinet colleagues and.

the principle of collective responsibil-
ity. Yet Mr Miller continues to put his

colleagues on the spot by openly advo-.’.

‘cating policies and positions which.

“colleagues for not looking after the
‘interests of the people. That is.an intol-
“erable situation and it is astonishing -

have not been settled by cabinet.

rt Miller was obviously, and
; rightly, peeved when Attor-

- ney General Allyson Maynard Gibson
made a statement about the LNG









THE TRIBUNE '

If somebody does not resign —
lot of them are spineless

affair, a matter for which he has min-
isterial responsibility. Questioned bya
Guardian reporter he snapped, “Ask
Allyson Gibson. It has nothing to do
with me.’

But in the next breath Mr. Miller
launched a blistering attack ona g Ve
ernment corporation which lies in

-another minister’s portfolio. In a
‘brazen breach of collective responsi-
‘bility and a shocking display of dema-

goguery, Mr. Miller accused the
Bahamas Electricity Corporation of
profiteering on the backs. of the
Bahamian people.

Mr Miller, according to The Jour-
nal, demanded that BEC absorb losses

occasionally tu give ordinary Bahami- -

ans a break. “And I’m demanding that
they do so. Let them take some losses!

“When times are tough, each one of
us in society should bear some. of the
burden that is placed upon us. I do not
believe that BEC should ‘simply. ‘pass

that burden on to the people of the

Bahamas. Therefore it’s profiteering.”
.That was an:attack not only on the

‘corporation but on the Minister:who

has responsibility for relations with
that corporation and it was an attack
on the cabinet of which Mr Mill risa
member.

‘The responsible Minister has ah
put in the embarrassing position of
having to defend his portfolio not from
attack by the Opposition nor even:by a
PLP backbencher but from one of his
own cabinet colleagues. He ‘should
demand Mr. Miller’s resignation, and



failing that he should himself resign:

he place for Mr Miller to have

te "made this charge and. any ‘pol-:
icy suggestions to rectify it, if he‘is sin-

cere, is. around the cabinet table,
nowhere clse. BEC is-wholly 0



- by the Government of the Baham Ss.

“If the cabinet, for whatever reasons,
is unable to do what Mr: Miller says, ‘he
can go back to the public and blame his

that Prime Minister Christie has

allowed it:to obtain for | more than a.
Mdayehiee ES

Mr Miller is an intelligent man ‘anil
he knows exactly what-he is doing. The
principles of collective responsibility

_ should be understood by all citizens, by
‘all members of parliament and cer-

_ tainly by all those who sit in cabinet.

These principles are encapsulated in

the government’s Manual of Cabinet
-and Ministry Procedure which is avail-
cable to all on the internet.

“If Mr Miller is allowed to get away
with this, the public will have no choice
but to conclude that Mr Christie“and
his cabinet colleagues either do not
care or that they are simply too 1 Aene:
less to do something about. it..





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-THE TRIBUNE








arrested by
police after
robbery

POLICE in Grand Bahama
arrested a 20-year-old male for
questioning in an armed rob-
bery that took place over the
weekend.

The proprietor of Doc’s
Conch Stand at the Four Way
Plaza on Pioneers Way and
West Atlantic Drive reported
that he was robbed Saturday at
11 pm by two dark males,
dressed in dark clothing and

wearing masks.

They were armed with hand-
guns and demanded cash from
the victim who handed the cash
box with the cash to them.

The two men than escaped in
a westerly direction.

US team
to monitor
elections
in Guyana

fm GUYANA
Georgetown

A TEAM from the U.S-
based Carter Center will moni-
tor this month’s election in
Guyana, where national votes
are often marked by bloodshed,
officials said Sunday, according
to Associated Press.

The center, led by former US
President Jimmy Carter, will
send observers to the South

- American nation as it has done
in the last three national elec-
tions, said Guyanese presiden-
tial spokesman Robert Persaud.
It wasn’t clear how many mon-
itors the center would send.

‘A 60-person international
mission funded by the United
States, Canada, Chile, Brazil,
Mexico and Japan will also

- work with two monitors from

’ the Organization of American
States.

The election for Guyana’s
presidency, 65 legislative seats

-, and various regional adminis-
tration posts is scheduled for
' August 28. The, vote was post-

poned for about a month to give
officials more time to remove
the names of thousands of dead
and missing people from the
voter rolls, train poll workers
‘and make other preparations.
The contest is expected to be

a fight between the East Indian-
dominated People’s Progressive

'. Party, which is seeking its fourth

consecutive five-year term, and

the Afro-Guyanese People’s

National Congress.



Fertilizer, Fungicide,
a XY OO TI R US







ter Cr es

aL







Fisheries told of
_ theft of green

turtle nests

THE Abaco Office of The
Bahamas Department of Fish-
eries has been informed of the
theft of two green turtle nests
on Guana Cay.

The nests were robbed of
their eggs, most likely by a per-
son or persons entering the
beach by boat. The eggs were
probably eaten, a practice that
was once widespread in The
Bahamas. Experts now say that
this practice has significantly
contributed to the decline in
worldwide turtle populations.

While conducting daily sur-
veys of the beach, Baker’s Bay
staff observed turtle hatchling
tracks in the vicinity of a
known turtle nest site. Closer
inspection of the nest revealed
that there were other hatch-
lings in the nest still fighting to
reach the surface. Hatchlings
were removed from the nest
and placed on the sand. They

_all made a beeline for the sea.

“It felt like National Geo-
graphic in my backyard,”
Aretha Huyler, the Baker’s
Bay employee who originally
found the turtle nest, said.

“Our efforts to protect the
nest while the eggs were devel-
oping have paid off,” she added.

The Abaco Office of The
Bahamas Department of Fish-

eries was also notified of the
turtle nesting activity at Bak-
er’s Bay. :

Concern

Fisheries was happy to know
that turtles were still nesting
on the beaches of Guana Cay,
but were concerned about the
theft of th’ two nests.

Earlier this year Shenique
Albury, Environmental Man-
ager, and Aretha Huyler, Envi-

ronmental Monitoring Officer,

discovered turtle tracks and a
nest on the Atlantic beach of
Baker’s Bay.

Based on the tracks it was
determined that a loggerhead
turtle had nested the night
before. The nest was incon-
spicuously marked and all Bak-
er’s Bay staff provided with
guidelines on what they could
do to ensure the nest’s protec-
tion.

In addition, on-site environ-
mental staff continued daily
monitoring of the beach to
detect when hatchlings might
emerge fromthe nest.

Since this first discovery, sev-
en other sets of turtle tracks

‘have been seen on beaches at

Baker’s Bay. It is not unusual

for female turtles to “crawl”
or come onto the beach and
return to the sea without nest-
ing. Three sets of tracks had
no evidence of nesting and are
believed to have just been tur-
tle crawls.

Last Thursday approximate-
ly 110 turtles hatched from a
turtle nest on the Atlantic
beach of the Baker’s Bay Golf
and Ocean Club.

This event marked the first
documented successful turtle
nesting and hatching at Bak-
er’s Bay for the current turtle
nesting season.

As a part of its Environ-
mental Monitoring Plan, Bak-
er’s Bay has been monitoring
turtle nesting activity on beach-
es surrounding the property.
Baker’s Bay decided to moni-
tor turtles nesting activities in
order to protect the species
because all species of turtles
found in The Bahamas are
considered to be endangered.

‘Further, the beaches of
Great Guana Cay, including
those at Baker’s Bay, have his-
torically.been known as turtle
nesting beaches. Baker’s Bay
management believed it was
important to ensure maximum
protection of this sensitive
resource on its property.

‘

'

TUESDAY, AUGUST 8, 2006, PAGE 3

syndicated Content



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halks still not authorised
for flights in Bahamas

THE Department of Civil Aviation moved
quickly yesterday to quash recent reports in the
media that Chalks Ocean Airways had been
authorised by the department to commence
flight operations to the Bahamas.

It further stated that it has been advised that
the United States Department of Transportation
is presently carrying oul a fitness review of
Chalk’s to conduct business as a commuter ser-
vice.

This process has not been completed.

Because of this, Chalks International Airlines
is not authorised to conduct flights to and from
The Bahamas at this time. :

On December 19, 2005, Chalk’s Ocean Air-
‘ways Flight 101.from Watson Island to Bimini
crashed off Miami Beach, Florida.

Witnesses said they saw smoke billowing
from the plane before it exploded, with the right
wing separating as the aircraft plunged into the
ocean.

Twenty people — 18 passengers and two
pilots — were on board. The Coast Guard recov-
ered 19 bodies initially, then two Miami-Dade
firefighters fishing on their day off found the
20th victim on Friday, December 23. ,

Investigators later identified cracks in th
main support beam connecting the wing to the
fuselage.

The plane was a Grumman G-73T Turbine
Mallard registration N 2969; manufactured in
1947. It was the first fatal passenger accident
for Chalk’s Ocean Airways.

*

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Chalk’s was the longest continuously oper-
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Bahamas in February 1919.

It ceased operations for three years due to
World War II and four months due to 1992's
Hurricane Andrew. Its operations’ base was at

Watson Island, adjacent to the Port of Miami

near downtown Miami, for 75 years, but was
forced to move most of its flights to Fort Laud-
erdale-Hollywood International Airport after
September 11, 2001, because of security con-
cerns around the port.

The Chalk's Ocean Airways fleet consisted of
four Grumman G-73 Turbo Mallard aircraft,
following the December, 2005 crash of Flight
101.

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PAGE 4, TUESDAY, AUGUST 8, 2006 THE TRIBUNE

EDITORIAL/LETTERS TO THE EDITOR

The Tabunetimied | Political party —
promoting —
Christian values |



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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

EDITOR, The Tribune. Christian values are simply

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398

Marquis gets thanks from reporter

IN ANCIENT ATHENS they fed him
hemlock to make him disappear. This was
Socrates the so-called corrupter of Athen-
ian youth. In the modern-day Bahamas the
new hemlock is the marching orders of Immi-
gration. It’s effect is as lethal — it can make
an undesirable disappear almost as efficient-
ly ... or so they think.

It has been suggested that Tribune Man-

\

path. She had difficulties. Daily deadline
pressures almost defeated her. But it was Mr

Marquis who showed her that success in jour-

nalism has many paths— paths where pres-
sure deadlines can be avoided. .
On leaving she made a special presentation
to him. In a letter she expressed her gratitude.
“As I reflect on my short journey as a full-
time journalist at The Tribune,” she said in

THE Bahamas is sup-
posed to develop as a Chris-
tian nation. Our Constitu-
tion refers to us as a Christ-
ian nation in its preamble.

‘This at least indicates that

our role models in all areas
at the national level should
exhibit and promote Christ-
ian values. This speaks not
only to tolerance and for-
giveness but also to holding
up as desirable the best
virtues, Christian virtues.
We cannot continue to

. pretend to be a Christian

nation if our leaders seek to
put alternative lifestyles as
equal to Christian marriage.
Nor can we pretend to be,a
Christian nation if we wel-
come abortionists as leaders

‘of this country.

Our society was built on

egw eaS

letters@tribunemedia.net



learning schools for the per-
version of our young peo-
ple!
There is no substitute for
the Christian family, and
persons who think or act
otherwise are not fitting role
models for what we are
developing under our con-
stitution, a Christian nation.

The Bahamian National’

Party will ensure that the
union of a man and a
woman is preserved as mar-
riage by passing a specific
law preserving the word
marriage exclusively for this
union. That way there will
be no way that those of
Sodom and Gomorrah who

the best.
We are a political party

-under the constitution of the.

Bahamas, building a Christ-
ian nation and promoting
Christian values for which
we make no excuse, but
boldly declare this fact. Per- .
sons who do not support us
because we espouse Christ-
ian values are entitled to act |
as they see fit. It is Christian

values which have brought ©

us this far, and we are con- -

fident that we are on the

right side in taking this
stand.

The Bahamian National
Party is a Christian party.
and will not knowingly put
forward persons who wish

‘to place alternative lifestyles

as equal to Christian
lifestyles.

aging Editor John Marquis be given 21 days part, “it is evident that if it were not for per- the Christian family as the want to elevate these alter- DR DEXTER
to pack his bags and disappear from the sons like you, I probably would have thrown ideal unit of development. native lifestyles to that of JOHNSON
Bahamas. This way, a few politicians reason, in the towel.” To now suggest that les- Christian marriage will be Leader,

they will be protecting the Bahamas against a
corrupter of young journalists.

As the John Marquis saga continues, the

thought patterns of these political relics of the
past become even more intriguing — and
their abysmal ignorance of the daily working
of an independent newsroom is even more
appalling.

We shall now see who really heads this
country as the protector of the people’s free-
doms, especially the freedom of speech and
thought — Prime Minister Perry Christie or
those behind the so-called Fred Mitchell web-
site.

Do they really believe that by ordering Mr
Marquis to leave the Bahamas they will be
silencing his pen? As we said in this column
last week, any one of us at The Tribune, both
editor and reporter, can sit anywhere in the
world and turn in the same daily reports, and

the reader would see no différence in thé"

product. That’s how seamless is today’s tech-
nology. i

When The Tribune’s year-old journalism
school was closed under the Pindling admin-
istration for want of a journalism lecturer,
aspiring Bahamian journalists suffered more
than The Tribune. We could take no one in
for training — and so for a period, there was

no journalism training at The Tribune. The -

profession today still suffers from that hiatus.
If Mr Marquis leaves The Tribune, it will

be the young staff who suffer, not our readers

for whom he will have more time to write.

’ As one of our young Bahamian editors

remarked last week: “Often I question some

of the people brought into this newsroom by

Mr Marquis, but’ Mr Marquis sees a spark . °

“As a cub reporter, at a small paper in a
small country, there were numerous chal-
lenges I had to face on a daily basis. I was try-
ing to meet my deadlines and make sure I got
the facts right. It was rough, Mr Marquis,
but the road was made a little smoother after
you gave me a little pep talk in your office.

“T really appreciated you sharing your tri-
als when you were in my shoes. It seemed to
quiet the storm which was roaring inside me.
I thank you for relating your stories as a cub
reporter, because most of the time persons in
high positions tend to forget from whence
they came. They pretend like they never had
to go over hurdles before reaching the top.
However, Mr Marquis, I could always count
on you to give a few words of encourage-
ment.

“Earlier this year, I almost gave up on my
dream, but after you met with my mother,
and she told me you said that I was ‘seventy-
five per cent of the way there,’ I’ decided to
hold.on and rekindled my desire to become a

world-class journalist.” And so the letter con-'

tinues: It was written long before anyone
knew that Mr Marquis was having difficulty
with his work permit.

Every young person who walks through
our newsroom door is a potential editor.
Some make it, some don’t. Some stay, some
don’t.

In our newsroom there are many Bahami-
ans in various stages of training. This is a
profession that'takes many years to acquire
the skills and necessary experience as the
cub reporter moves through the ranks in his
climb to the top.

An editor is not born at the top. He comes

* from the bottom Tung of the reporters’ pool

bian and homosexual unions
are equal to the traditional
one man one woman mar-
riage is not Christian nor is
it a desirable model to fol-
low.

In order to remove any
doubt as to the position of
the Bahamian National Par-
ty we have placed in our
platform expressly that we
follow and endorse Christ-
ian values only.

Every person is free to do
as he or she chooses, how-
ever we choose not to
endorse behaviour con-
demned by the Holy Bible.
We will speak out, against
Sodom and Gomorrah!

. The Bahamian people vot-

_ed for this government, but

how many of these same
voters trust these so-called
“leaders” with their chil-
dren. I certainly do not!
There is too much appear-

_ance of Sodom and Gomor-

rah in this government than
what one can point to as

‘ representative of Bahamian

traditional Christian values.

It is no fair exchange to
trumpet illusory material
gains, but to preside over
the moral destruction of our

able to succeed.

This political party, the
Bahamian National Party is
not against any person or
group, however some values
are superior to others and

The Bahamian
National Party,
The Bahamas
for Bahamians.
Nassau,

July 20, 2006.

Slow down
and you could
save a life

EDITOR, The Tribune

THIS letter is directed to the person who skidded 20 feet on -_ -
Saturday at 9:00 p.m. in BLAIR, and hit me. My master took me’ -
to the vet and I need an operation and may never walk the same
again.

Please slow down you could save your own life or that of
another human being. ,

I was naughty for opening the gate on my own, but you were _

that we don’t see, and it’s Mr Marquis who country. : ag !
brings out that spark.” after many years of struggle. We have “educated” per- speeding.
Several weeks ago one of these young per- And so, although we do much training at sons who have allowed their Sign me,

- sons left for university to continue her jour-
nalism career. She had been at The Tribune
a year and 10 months. She was there to decide
whether journalism was in fact her career

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THE TRIBUNE

4



In brief

Police
investigate
string of
robberies

POLICE are investigating a
string of armed robberies which
they believe were committed by
the same two men over the

' Emancipation weekend.

According to. reports, two
men — one armed with a hand-
gun, the other with a shotgun —
are suspected of committing
-three armed robberies between
3am and 4am on Sunday.
' Press liaison officer Inspec-
tor Walter Evans said that the
‘two men, both wearing black
clothing, first robbed a man in
‘the Churchill subdivision, off
‘Soldier Road.

“They approached a resident

- “who had just arrived home, and

forced him into his house where
‘they robbed him of cash. They
‘also robbed one of his room-

_ mates before they fled on foot

in a southern direction,” he said.
+ The same two men are sus-
pected of robbing a man in the
«Garden Hills area.
“The man had just arrived
shome, he was dropped off by a
friend. The two men robbed
-both the resident and the dri-
ver of cash, before once again
‘fleeing on foot,” he said.

A short, time after, eye wit-
nesses reported seeing two men,
fitting the same description of
the two suspected armed rob-
bers, in the Grove area.

“The suspects robbed two
young men —a 21 year old anda
20 year old — who were fixing
their car in the Grove. They

. robbed the men of a wrist watch
and a large sum of cash,” Mr
’ Evans said.

Police are asking persons with _

information to come forward.
Haitian
immigrants

found off
Andros

A GROUP of 28 Haitian
immigrants was picked up over
the weekend in South Andros.

South Andros police, led by
Inspector Sidney Rolle, on Sun-
day at 2am apprehended 24
men and four women in the
area of High Point.

Police believe that the group
was dropped off by a boat along

. the coast between Mars Bay

-.*and Pleasant Bay.

Tue Haitians, said to be in
good health, were later turned
. over to immigration officials.

‘Four hybrid

a
5

-. buses on the

streets in
Puerto Rico

‘@ PUERTO RICO.
San Juan

FOUR hybrid buses will

, begin ferrying passengers
» around Puerto Rico’s capitol

!
\
|
\
|
|
{

' starting Monday in a bid,to

reduce fuel costs and emissions,
the bus authority chief said,

| according to Associated Press.

The gasoline-electric buses —

| which cost US$2 million — are

part of a pilot project to evalu-

, ate the new technology.

i
)

The buses use up to less than
40 per cent of the fuel used by
those that are non-hybrid.

keR ls

TUESDAY,
AUGUST 8TH





























6:00 Community page
H 11:00 Immediate Response (Live)
noon News Update

Immediate Response (Cont'd)
Island Life Destinations
N-Contrast

Bullwinkle & His Friend

The Fun Farm

Durone Hepburn

Ernest Leonard-The Word
Dennis The Menace
Carmen San Diego

4:58 ZNS News Update
5:00 The Envy Life

5:30 Andiamo

6:00 One Cubed

6:30 News Night 13

7:00 The Bahamas Tonight

Eleuthera Seawalls
Island Lifestyles

Da’ Down Home Show
Cariboean Newsline
News Night 13

The Bahamas Tonight
Immediate Response
Community Page

) NOTE: ZNS-TV 13 reserves the
right to: make last minute
Pa ysele lec alu changes!

THE FNM criticised Prime Minister
Christie, yesterday, for being incapable
of controlling the behaviour of his min-
isters.

The opposition, in a statement
released on their website, called Mr
Christie an “indecisive prime minister”
who has proven to be incapable of
bringing order to his “motley crew of
ministers who each continue to march to
the tune of their own personal drum-
mer”. sia

Mr Christie’s performance in office,
the FNM said, is hindered by bicker-
ing, self-serving ministers and others
around him.

“These ministers were personally
selected by the Prime Minister and they
and other politically appointed advis-
ers serve at the Prime Minister’s plea-
sure. If they are messing up it is for him
to remove them and not permit them to
continue receiving money from the pub-
lic purse for work they do not perform,”
the FNM said.

The prime minister’s inability to coor-
dinate government business has

Christian Council chairman appeals for peace

DR WILLIAM Thomp-
son, President of the
Bahamas Christian Council,
is appealing to the combat-
ants in the armed conflict in
the Middle East to immedi-
ately agree to a cease fire,

TUESDAY, AUGUST 8, 2006, PAGE 5

PM accused of being ‘indecisive’
after comments by Miller and Bethel



“exposed the depth of confusion, dis-
unity and division within the PLP and
explains the failure of the PLP Gov-

ernment to deliver for the Bahamian

people.”

“During the budget debate the Min-
ister responsible for Education, Science
and Technology quarrelled with the

- Minister responsible for public works

about who is responsible for the delay in
school repairs.

“Last week Bahamians learned that
bickering continues at Cabinet level
where the Attorney General, Allyson
Maynard Gibson, continues to promote

the interests of her former clients, AES,

in their application to the government to
operate an LNG regasification plant at
Ocean Cay,” the FNM said.



Copyrighted Matera

The party also pointed to Leslie
Miller’s attack on BEC accusing the
government-owned public corporation
of “profiteering...on the backs of
Bahamians” — something that he
branded “unjust” — and he called on
the press to demand explanations from
BEC. :

The Minister for Energy and the
Environment, Dr Marcus Bethel,
answered his colleague — also in the
press — supporting BEC and assuring
the public that the fuel surcharge was
not profiting the corporation.

“What Dr Bethel did not say was
whether he would join his colleague
minister in identifying some relief for
electricity consumers. Do these two gen-
tlemen sit in the same cabinet room at



FNM’s attack on Christie for
not controlling his Cabinet

the same cabinet meetings? It is inter-
esting that both of them are resorting to
the press to promote their varying view-
points, especially since the governing
party has been anything but friendly
toward the press in recent months,” the
FNM said.

The party said that the bickering
among governing party members con-
tinued with the Minister of Tourism,
whose constituency lies partly in Grand
Bahama who has been criticised by oth-
ers in his party for his defence of the
Grand Bahama Port Authority’s right to
make its own management decisions.

“And while the Prime Minister has
not come to Minister Wilchombe’s
defence nor sought to temper the out-
bursts by the outspoken senator against
the Port Authority, he did not permit
the management shake-up at the port to
stop his attendance at a special birthday
celebration for Sir Jack Hayward, host-
ed by Lady Henrietta St.George. Per-
haps he felt covered by the attendance
by the leader of the opposition,” the
FNM said.

William Thompson calls
for ceasefire in Lebanon



thus preventing further loss
of life and injuries, especial-
ly to civilians.

In a statement released
over the weekend,-Dr
Thompson expressed deep
shock and great sadness at
the terrible loss of life and
property in that embattled
area and the displacement
of millions of people.

“It is very unfortunate tha
mankind, all children of
God, are not able to resolve
their differences without
resorting to violence, may-
hem and disaster,” said Dr
Thompson.

leaders in the region and the
world to use whatever influ-
ence they might have to
bring about an immediate
cessation to the carnage that
is taking place.

Dr Thompson’s statement
called upon.all Bahamians
to pray diligently for peace in
this very troubled region of
the world, believing that
God is able to do what may
seem impossible.

According to VOA News,
Arab League foreign minis-
ters held an emergency
meeting in Beirut late yes-
terday to discuss the Israeli
offensive in Lebanon against
Hezbollah militants, who
have been firing rockets into
Israel.

The violence was triggered
27 days ago, when Hezbollah
fighters kidnapped two Israeli
soldiers during a raid into
northern Israel. Lebanese
Prime Minister Fouad Sinio-

_ ra made an emotional plea
to Arab ministers to help end
the conflict.

Wiping tears from his
eyes, Lebanese Prime Min-
ister Fouad Siniora appealed
to Arab foreign ministers to
-help stop the conflict that, in
his words, is cutting Lebanon
to pieces, VOA reported.

The Lebanese government
has complained that the





syndicated Content
"ee
Available from Commercial News Providers



Several dozen Lebanese were
also killed in a new wave of
Israeli air strikes across the
country Monday, raising the
death toll to nearly 1,000, and
the prime minister expressed
his frustration about the civil-
ian casualties.

“I urge every man, every
woman in the world — of all the
peace loving nations — to see
what crimes Israel is commit-
ting against Lebanon,” said Mr.

. Siniora, “and to cry, to stand up,

ate this anymore. This should
be stopped and stopped now.
This is unacceptable.”

Meanwhile, in a possible sign
of expanded military opera-
tions, Israel warned Lebanese
who live south of the Litani Riv-.
er not to go outdoors after 10
pm local time .

The Litani flows alongside
the southern region that is a
stronghold of Hezbollah mili-
tants who have been firing rock-
ets from there into northern

- He also’appealed to-all

draft resolution sponsored by
the United States and France
does not go far enough. He
appealed to Arab states to use
their influence to win changes to
the draft.

The Lebanese plan calls for,
among other things, an imme-
diate cease-fire, the withdrawal
of Israeli forces. from Lebanon,
and the expansion of the exist-
ing U.N. peacekeeping force in
the area, as well as the deploy-
ment of the Lebanese army to
the border and the disarming
of Hezbollah.

Late Monday evening,
Lebanese officials said the Cab-
inet unanimously approved a
plan to send 15,000 soldiers to

south Lebanon as soon as
Israeli troops withdraw.

Mr Siniora said the Arab
League agreed to immediately
dispatch a delegation to the
United Nations to participate
in a debate Tuesday regarding
possible amendments to the
draft resolution.

Just hours before the Arab
League ministers arrived at
Beirut’s damaged and shuttered
airport, Israeli airstrikes rocked
the Lebanese. capital. The
airstrikes resumed briefly after

the ministers left.

Lebanese television carried
pictures of a collapsed building
in a southern Shi’ite suburb.and
said casualties were feared.

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PAGE 6, TUESDAY, AUGUST 8, 2006

THE TRIBUNE



No US domination after Castro

@ By Sir Ronald Sanders

(The writer is a business exec-
utive and former Caribbean
diplomat who publishes widely
on Caribbean affairs).

Pee Castro’s tempo-
rary step-down from
power while he convalesces
from surgery, DiS gepin raised

the question about what hap-
pens with Cuba after he dies.
The expectation in some
parts of the United States, espe-
cially Miami, the home of many
Cuban exiles, is that the Castro
regime will collapse, Cuban
exiles will return in triumph to
claim expropriated properties,
and Cuba will revert to the US-
controlled satellite that it was
prior to the 1959 revolution that

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brought Castro to power.
None of these scenarios is
likely to be played out.
Castro’s death, whenever it
comes, may be cause for cele-
bration by Cuban exile groups
in the US and it will probably
be welcomed by groups
opposed to him within Cuba
itself. But, it is unlikely to mean
a sudden collapse of the Cuban



In a real
sense, the US.
embargo has
helped Cuba to
strengthen its
political and
economic
independence.



government and the dismantling
of the system it operates.

Cuba is not the same coun-
try it was in 1959 when it was
highly reliant on the US for
trade and investment, its people
were largely uneducated and its
government inexperienced in
the ways of international diplo-
macy. .

Today, the Cuban people
boast an education system that
has given them literacy, qualifi-
cations and confidence.

There are some 500,000 stu-

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dents currently enrolled in its
university system, and this num-
ber does not count the many
hundreds of thousands who
have graduated since 1959.

These are people who are
perfectly able to negotiate in
their own best interests, and
they are most unlikely to sit
back and allow the US or any
other country to dictate terms of
engagement for trade or invest-
ment.

|: has to be recalled that
the Cuban people have
done without US trade and
investment since the US itself
imposed an embargo on
Cuba. Not having access to the
US market will bring no new
development or hardship to
Cuba.

At the end of the first quarter
of this year, President Castro
announced 11.8 per cent growth
in the Cuban economy.

This was achieved by a rapid-
ly growing tourism industry and
by increased trade in goods with
a number of Latin American
countries and the People’s
Republic of China. The US
played no part in it.

Cuba’s tourism now earns

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about US$2 billion a year with
half of the tourists coming from
Canada, Argentina and
Venezuela, and the other half
from Europe, principally Italy,
Germany and France. Air
Canada alone runs 10 flights per
week into Cuba in the summer,
rising to 28 weekly flights in the
winter.

While Cuba’s tourism would

-increase if Americans were

allowed to travel there, the pre-
sent level of investment in
tourism in Cuba and large num-
ber of visitors (two million in
2004), suggest that Cuba can
afford to drive a tough bargain
with US companies.

The truth is the inordinate
length of the US government
embargo against Cuba, and the
years of restriction on US com-
panies investing in Cuba, may



These are
people who are

perfectly able to

negotiate in
their own best

interests, and

they are most
unlikely to sit
back and allow
the US or any
other country to
dictate terms of
engagement

for trade or

investment.



very well have created a highly
competitive and Very difficult
market for US companies to
enter as new boys on the block.

S ure, many of the
Cuban people would
like to be abie to enjoy unre-

* stricted travel, including to the

US. But a desire to travel and
even to buy goods produced
in other countries does not
amount to a surrender of

CABINET WORKSHOP

Cuban pride and autonomy.

And, the Cubans have grown
in confidence. They are per-
fectly aware of their accom-
plishments in health, education
and international diplomacy.
They know that their doctors
and nurses are serving in many
countries of the world, particu-
larly the Caribbean and Latin
America; that their universities
are the training ground for an
increasingly large number of
students from neighbouring
countries; and that their pro-
fessional foreign service has
won them respect in the UN
and other international or Egan:
sations.

As for the return of expro-
priated property to Cuban
exiles: this too is unlikely to
happen unless other govern-
ments, such as the US, are pre-
pared to underwrite compensa-
tion to them. The lands are now
occupied either by hundreds of
Cubans who stayed at home
after the revolution or by state-
owned enterprises.

There may be agitation for
the return of expropriated prop-
erty in the US Congress from
those reliant on the votes or
financial backing of Cuban
exiles, but in a post-Castro era -
particularly one in which the
US embargo is dropped and US
investors have to compete with
investors from China, Canada,
Europe and Latin America - a
tough and demanding stance by
the US on compensation for
Cuban exiles will cut little ice.

EF any event, when Castro
dies, neither the govern-
ment nor the system will col-
lapse overnight. There are now
too many - including the mili-
tary - with a vested interest in
ensuring that its transformation
to something else is gradual.

What the “something else”
will be is difficult to predict ful-
ly. But, it is reasonable to
assume that it will include a
more open political system
within Cuba itself, and greater
tolerance for dissent.

This will come from the insis-
tence of Cuba’s trading part-
ners in the European Union,
Canada. For, if Cuba wants to
bargain hard with the US in a
post-embargo era, and to ensure
that it does not become too
reliant on China as it was with
Russia, it will have to act on the
urgings of the EU and Canada.

The Cuban economy will
also have to open up to outside
investors in a less restricted way
than it now is. This will mean
greater foreign ownership than
presently exists in key area
such as oil, natural gas and nick-

el. But, it does not have to mean’

foreign domination, and cer-
tainly not domination by any
one country. —

In a real sense, the US
embargo has helped Cuba to
strengthen its political and eco-
nomic independence.

So, no hope for US domina-
tion of Cuba should spring from
the prospect of Fidel Castro’s
death. The better prospect, par-
ticularly for US companies, is
an,end to the US embargo and
a real effort by both the US and
Cuba to establish the terms of a
relationship that would benefit
them both.

Responses to: ronald-
sanders29@hotmail.com

MANAGER NEEDED

(FOR NEW STATE OF THE ART PRODUCTION LINE
CABINET FACTORY IN NASSAU)

Qualifications:
¢ Cabinet Making Skills A Must
¢ Strong Management Skills

¢ Motivated To Aspire To A Higher Level Of Management
¢ Compuer Skills For Inventory And Purchase Orders
¢ Good Communication, Leadership, And People Management Skills

Responsibilities:

¢ Overseeing Manufactureing Of Three Cabinet Assembly Line In

Factory

¢ Daily Work Schedules & Weekly Shift Schedules Of Employees

¢ Day End Progress Reports

¢ Monthly Reviews Of Employees & Production
* Organize And Implement Efficient Material Storage And Access

¢ Inventory Management & Control

° Ordering Materials From Local & Foreign Vendors
¢ Simple Repair And Maintenance To Machinery, And Overseeing

Large Repairs

Benefits:

e Attractive Salary
e Bonuses

¢ Health Benefits

Forward Resumes To:
Email: kecbah@hotmail.com
Fax: 394-4159



en as ee ee eR et Oe



tS oo oe OS

f







THE TRIBUNE





Police hold
11 members
of alleged

drug gangs

# PUERTO RICO
San Juan

AUTHORITIES arrested
11 members of two alleged
gangs battling to control
drugs sales at a government
housing complex in northern
Puerto Rico on Sunday, the

US territory’s top police offi-
cial said, according to Asso-
ciated Press.

The arrests were made
after police got a tip that
members of a gang trying to
take over the sales point had
turned up with guns at the
site in Carolina. When police

- arrived and began making
arrests, the rival gang shot at
authorities from the
rooftops, said Police Super-
intendent Pedro Toledo.

One gang member was
wounded by gunfire. Charges
haven’t been filed.

FBI agents were helping

police search for gang mem- @ By Bahamas Information ers, past and present, as partof MH! WINSTON Saunders
bers in the housing project. Services this year’s official Independence _ speaking during the
Toledo said authorities _ celebrations. commissioning ceremony for
SANDY POINT, Abaco — “I thought that it was about the Wall of Local Heroes

believed the gang that con-

trolled the area was once led

by Jose “Coquito” Lopez,
who was fatally shot on July

28.

.' Lopez allegedly controlled
’ the drug trade in northeast-
‘ern Puerto Rico. FBI agents

are investigating allegations
that rogue police officers act-

_ ed as bodyguards and infor-

mants for Lopez at the cen-
ter of a fast-growing politi-
cal scandal in the island.
Carolina is about 10 miles
east of the capital, San Juan.

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Fourteen are honoured on.
-Sandyport ‘Wall of Heroes’

\



TUESDAY, AUGUST 8, 2006, PAGE 7

LOCAL NEWS





i CHAIRMAN of the National Independence Committee
Winston Saunders (right) and Family Island Administrator for
South Abaco Roderick Bowe (left) posing with two honourees:
after they unveiled the Sandy Point, Abaco, Wall of Local
Heroes, on August 5, 2006. Captain Ernest Dean (left of the
Wall) was nominated for Writing and Shadrach Cox was

nominated for Boatbuilding.

The ‘chairman of the National
Independence Committee, Win-
ston Saunders, told South Aba-
co residents, on August 5 that
their honouring 14 persons on
the Sandy Point “Wall of Local
Heroes” was commendable and
a step in the right direction.

“This is not the beginning of
the honouring of heroes; nor
the end of it,” Mr. Saunders
said. “Hopefully, we started
something today that will go on
well after we have all gone —
and that our young people can
come and look at it and see
‘who was who’ in their commu-
nity and ask-questions about
them and be taught about
them.”

Mr Saunders conceived the
idea of “Walls of Local Heroes”
as a way for various settlements
throughout The Bahamas to
memorialize community lead-

v

(BIS photos: Eric Rose)

time that we started to celebrate
those people who have helped
to build our communities,” Mr.
Saunders said. “We are more
happy, most of the time, to
knock people down than to
build people up; so this whole

-exercise, throughout The

Bahamas, is to build up, to cel-
ebrate and to say ‘thank you’
to all those who, in any form or
fashion, build their community
or the wider Bahamas.”

Administrator for South
Abaco, Roderick Bowe over-
saw the committees set up in
the various settlements there to
compile the list of persons to
be nominated.

The Sandy Point community
honoured the following persons
on their Wall of Local Heroes:

Annie Darville and Beatrice
Burrows for Medical Service;
Henry Colebrooke and Alfred

_ White for Community Service;



Sanford McKinney for Cuisine;
James Pinder for Administra-
tion; Florence Colebrooke for
Hospitality; Shadrach Cox for
Boatbuilding; James Dean Sr
for Fisheries; Captain Ernest
Dean for Writing; Samuel McK-
inney for Religion; John Light-
bourn for Law Enforcement;

James Pinder for Education
and Susan Dean for Business.

Mr Saunders said that both
Inagua and Exuma had already
unveiled their walls and other
settlements and islands will be
doing the same in the coming
weeks.

He added that nominees.
could even be a young person
who excelled in representing
what is best in their community.



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Director of Design
Reports to: Discovery Land Company Partners -

ESSENTIAL FUNCTION: .

Plans, directs and coordinates all design activities of designated projects fo
ensure that the goals and objectives of the development are accomplished within
the prescribed timeframe and funding parameters. Manage all design projects
personally or through subordinate supervisors, consultants and contractors. Work
with development partners and sales and marketing staff to define design and

implement all aspects of development.

DUTIES & RESPONSIBILITIES:
« Master planning.
Architectural design
Develop the programme, schematic design, and architectural character for all
aspects of the project
Define the design elements associated with landscape and hardscape deiails
with respect to the project
Prepare design guidelines and administrative procedures for development
including lot diagrams
Sub-consuliant identification and contract negotiation
Sub-consultant coordination
Coordinate the preparation of marketing and public relations material
Analyze comparable projects within the region with respect to product size,
finish, amenities and cost in order to fully understand the impact of the
proposed master plan from a pricing, sales and marketing perspective
* Coordinate the efforts associated with developing a marina marketing strategy
Oversee the on-going improvements to ensure compliance with the overall
Vision
Implement the strategy for permitting, construction, and administering the
development
Coordinate efforts between sales, design and construction teams, including
buyer presentations, design specialization and management of revisions to
construction documents
Lead design review commitiee ;
Manage and direct development of construction documents by consultants
Review submittals, samples, mock-ups, owner approvals and shop drawings to
ensure produc? quality :
Provide quality contro! of design and construction activities through field
inspections and field directives
Establish good working relationships with governmental inspectors, the design
team and general contractors
Coordinate project activities with activities of government regulatory or other
agencies

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' MINIMUM EXPERIENCE CREDENTIALS:
* Minimum 5 year professional degree in Architecture a On
* Minimum 15 years of experience in the design and development of resorts and : 4
Successfully completing her
Masters in Family Medicine

master planned communities
Direct experience in the development of high-end resort and residential

typologies :
Direct experience in the design and implementation of mixed-use development

projects with marine components

Lead design experience in projects with a value over 50 million US dollars
Documented experience in the preparation and authorship of architectural
codes, design guidelines. and administrative procedures for development
Proven experience in administrating multi-disciplinary design teams including
architecture, interior design, landscape design, environmental and civil
engineering

Strong verbal, written and graphic communication skills

“T can do all things through Christ who strengthens me.”
PHILIPPIANS 4:13

SRKRERERRMER RARER RNEARAR REEL ec wee mse near

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VP-Project Development vs
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PAGE 8, TUESDAY, AUGUST 8, 2006


















insects or other small animals.
locusts, and reptiles, including snakes.
big:hit with the visitors.

and 3.30pm),” said a spokesman for the Ardastra.

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Crowning glory for
Ardastra Gardens

THERE is a new addition to the Ardastra Gardens’ flock — a male Crowned Crane -
that was generously donated by a Bahamian resident. These magnificent birds are found
over much of Africa, south of the Sahara where they inhabit grasslands and swamps.

Adults are four feet tall weighing 8.5 pounds with wing spans of six to seven feet.

They have a long life span of up to sixty years. Males and females are nearly iden-
tical but the females may have a smaller crest. They feed on insects and small animals
along with some vegetation and grains. They also consume aquatic animals. Their for-
aging technique consists of moving through grass and stamping their feet to scare up

These birds are sometimes encouraged to live around homesteads in their native
countries because they consume great quantities of insects, especially grasshoppers and

At the Ardastra the Crowned Crane gets a diet of seeds and pellets, chopped hard
boiled eggs, plenty of greens and the occasional mouse. He is already proving to be a

“You can check him out along with all our regular attractions, including the March-
ing Flamingo Show (10.30am, 2.10pm and 4.10pm) and Parrot Feeding (11am, 1.30pm

“Fashion Hall
Sends out a heartfelt

THANK YOU

to all who assisted us
during the fire at our —
Mackey Street location.

Princess Margaret
Ambulance Service

Special Thanks goes out
to all our Fashion Hall
customers and others,
especially Female Fire
Reserve Alledria Strachan
for your assistance during

Turnquest addresses Bahamas —
Diabetic Association Camp _

IN AN address to persons
participating in the third annu-
al Summer Youth Camp of the
Bahamas Diabetic Associa-
tion, Senator Tommy Turn-

quest stressed that discipline

is the absolute key to success.

The Camp, which involved
informative lectures, swim-
ming lessons, and Arts and
Craft, was held at the College
of The Bahamas.

The former Minister of
Tourism in the Free National
Movement Government, who

was diagnosed as a type II dia- .
- betic several years ago, told

the group that exercise and
diet are key to controlling the
condition and thus to achieving
a happy and healthy life
despite the affliction.

In congratulating the organ-
isers of the camp for provid-
ing the opportunity for chil-
dren to learn more about dia-
betes, Senator Turnquest said
that even in that organisation
there had to be discipline in

Inspector Walter Evans and
his staff from the Fire

Department

The Royal Bahamas Police

Force

Recruits from the Police
Training College

Water and Sewerage

Bahamas Electricity

Co-operation

Airport Crash and Rescue

‘Doctor’s Hospital
Ambulance Service

the fire.

LOCAL NEWS



order that success of the camp
could be ensured.

In all things there is a need
for discipline, the Senator
stressed, telling the youngsters
that the majority of students
who are successful are those
who are disciplined.

Such successful students, he
said, “know when to leave the
television; they resist the urge
to chat on the internet and on
the telephone.”

Discipline, he continued,
entails control and order; it
means training or a way of life
aimed at self-control or con-
formity.

“In short,” Senator Turn-
quest said, “effective discipline
means controlling urges and
impulses and making sacri-
fices.”

The Free National Move-
ment’s standard-bearer in the
upcoming General Election for
Mount Moriah Constituency
pointed out that few can
achieve success without disci-




pline, and that everywhere
those businessmen, teachers,
tradesmen, law enforcement
officers, journalists, doctors,
lawyers, and other profession-

_als who attain success do so
primarily through self-imposed

discipline.

A majority of Senator Turn-
quest’s audience were young
diabetics, and he impressed
upon them the need to exer-
cise discipline in controllin
their condition.

Such controls, he said, mean
“resisting the urge to purchase
a soda at school. and instead
buy water, it means saying ‘no’
to a friend who offers you a
piece of chocolate and choos-
ing fruit instead.

Noting that he attempts in
his own life to exercise disci-
pline in all things, and espe-
cially in controlling his diabet-
ic condition, he urged the
young participants in the Sum-
mer Camp to strive to do the
same in their own lives.

P.O. Box N-1123
assau, Baham:





THE TRIBUNE



Extended
Learning
Programme

THE Ministry of Education,
Science and Technology has

announced that again this year :

the Department of Education
has organized the Extended
Learning Programme to facili-
tate additional instruction for
students who did not meet the
required standard.

Classes are being offered at
the primary level for students

of grades three and five. In the «

secondary school, classes are
being offered for’eighth and
tenth grade students. The
Extended Learning Programme
began on July 3 and will end on

July 28. The daily schedule is ‘:

from 9 am to noon.
The primary goal of the
Extended Learning Programme
is to provide more concentrated
instruction in critical areas
of weakness particularly
mathematics and reading. Class-
es are limited to 20 students.
Diagnostic evaluations will be
administered so that students’
deficiencies will be determined
and improved.
The Mabel Walker Primary



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School is one of the few schools .

not offering classes as that cam-
pus is not available. At the end
of the summer term, contrac-
tors began the construction of
two classroom blocks and the

repair and renovations of other _

buildings.

There are many programmes
sponsored by the Ministry of
Education, Science and Tech-
nology, the Ministry of Youth
Sports and Housing and the
Royal Bahamas Police Force to
constructively ‘occupy children
during the summer months. The
Extended Learning Programme,

however, targets a particular |

group of students and the inter-

vention provided will strengthen |

students for their return to class-
rooms in September. District

Superintendents and Principals °°

have selected competent and

outstanding teachers to admin- °
ister the programme, the Min- ,
istry said. Based on documented *

testing and reports submitted,

last year’s programme was effec- ° *
tive. The Ministry said it antici- ~

pated a successful programme
again this year.



2 fe

eo rae ae



TUESDAY, AUGUST 8, 2006, PAGE 9
LOCAL NEWS

THE TRIBUNE

@ THIS luxury speed boat was spotted sinking by a passing helicopter yesterda yy. It is thought
that the vessel may have hit a reef, however police reported no information on the incident.

(BIS photo: Tim Aylen)

Why you vex?

By PAUL TURNQUEST -
Tribune Staff Reporter



breaks on Friday evenings,
and still get paid more
than me. How is it that

“T vex cause all you can they can go out to

hear on ZNS is PLP pro- lunch, and then go
paganda. You can’t hear shopping, all on
nothing from Mr Ingra- government time?
ham and the opposi- C When you show
tion. I from the island up. to the offices

and ask for
someone to help
you, no one is
ever there. We
need to have a
committee or an
agency that goes
around keeping

and all we could listen

to is ZNS. They gone

back to dem same old

ways and I want to

hear from Mr Ingra-

ham cause he talkin’ all
the right words.”

-’ Flight 626

, these workers - espe-
cially the ones that obvi-
ously slack off and have
this attitude like you can’t
fire them. I can’t wait for Mr
Ingraham to come through on
his promise and fire some of

“I vex with the postal sys-
tem we have in this country. I
- mailed a letter a month.ago to
someone at COB and as yet
they haven’t received my letter.
Why does it take a month for



they send
you the bill with the big ‘Past

someone to drive from the post , these people.”
.. office on the top of the hill ae steneee one ewer ;
‘-" down to COB. If I knew it was tee Woe det ong Big time FNM

your bill is late. You don’t need
any ‘Overdue’ stamped on an
envelope to be spreading your
business all over the place.”

e going to take that long I would
have driven down there myself
and handed them the letter!
Unbelievable.”

Marco Cam,

“I vex that government work-

pale vee al Gusinehs Wien ers get to take three hour lunch

you know how your bills are

KEMP’S FUNERAL HOME LIMITED

22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas

Vs ar Gan ee
MARY JEAN CAREY

74 of Woodland
Road, Nassau, The
Bahamas, will be
held at Ebenezer
Methodist Church,
East Shirley Streets,
Nassau on Thursday,
10th August, 2006 at
3:00pm.















Reverend Milton
Lightbourne and
Pastor Martin

Loyley will officiate and interment will be
_in Ebenezer Methodist Cemetery, East
‘Shirley Street, Nassau.








Mrs. Carey was predeceased by her husband,
William Charles Carey and is survived by
her son, David Charles Carey; daughter-in-
law, Aura Estelle Carey; Grandson, Michael
Charles Carey; granddaughter, Ashley Jean
- Carey; sisters-in-law, Bess Thompson, Lottie
|- Lowe and Darlene Carey of Bradenton
‘Florida; brother-in-law, Neville "Butch"

Carey,and many nieces and nephews other
..-|- relatives and friends in The Bahamas and

‘| the United States and special thanks to
caregivers, Fay Miller, Bridget Armbrister
-|-,and Cleopatra Armbrister .

















Instead of flowers the family eaiest that
-.-| donations be sent to the Bahamas Humane
“| Society, PRO. Box N-242, Nassau, in wen
of Mrs. Mary Jean Carey.






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PAGE 10, TUESDAY, AUGUST 8, 2006 THE TRIBUNE

The Secret of Smith s Hill

WRITTEN BY NANCY GARDEN
ILLUSTRATED BY MARILYNNE K ROACH







reak fast Serials |
Good Books Unbound





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The Tribune








:College of The Bahamasss

STORY SO FAR: The twins hid, hoping to see who or what
has been disturbing the Clavers. But the culprit lured them
away — and has just spelled PLEEASGOOEY with Cory’s
blocks. /

CHAPTER ELEVEN :
Another Clue

6 6 [: can’t be anyone breaking in,” James said
after he’d checked all the downstairs windows
and doors. “And if it’s someone holed up inside, they
sure move fast. Inhumanly fast.” Kelly thought he sound-
ed relieved, almost as if he’d rather deal with something
inhuman than something human! “Anyway, it’s getting
better at spelling,” he added, staring down at the blocks.
Kelly added PLEEASGOOEY to her list of clues.
“Sort of,” she said. “I guess it’s saying please-something,
anyway. But what’s ‘gooey’?”

“T wish I knew,” James said. “We’d better build anoth-
er tower.”

When they’d almost finished, Cory whimpered sleepily
upstairs in his room. .

“T’ll go get him.” Kelly put the last block in place.

“You know he screams if anyone wakes him,” James
warned. :

“Yeah, but he whimpered, so he’s probably awake.”
Kelly went upstairs to Cory’s room. “Hey, Cory, hey,
baby,” she said softly the way Mom did, as she bent over
his crib. “Hey, little boy, it’s time to get up, it’s...”

na

CT) i
ae" tales
= y



- Cory opened his mouth and howled. .

“Now you’ve done it,” said James, coming into the
room.

Kelly touched Cory’s back, about to stroke it soothing-
ly the way Mom sometimes did when he woke up scream-
ing. ae

“No-no-no!” Cory wailed. “No. Go.way! Go way!”

Kelly pulled her hand back. “Gooey,” she said under her
breath.

“Huh?” James dangled Cory’s favorite stuffed bear in
front of the screeching baby. “Cory, look, here’s Bear.
Nice Bear. He wants to go to sleep, just like you.”

Cory stopped yelling long enough to reach for Bear.
Then he curled up tightly and closed his eyes.

“It’s easy if you know how,” James said smugly.

Kelly ignored that. “James, don’t you see?” she said.
““Gooey’ means ‘Go away’! Or it could, anyway.” She

pulled him excitedly out of the room, just as Mom came
‘ down the hall in her nightgown.

“Is everything all right?” Mom asked sleepily. “I heard
Cory.... What are you two doing up?”

“It’s along story,” James said.

“Cory woke up, but he’s okay now,” Kelly said impa-
tiently. “We — um, we had something to do. So we’r
up.”

“Have you been to bed?” Mom asked suspiciously.

“Well, no, not really,” Kelly said.

“Dare one ask what you were doing?”

“We....” Kelly looked desperately at James, who
explained that they’d stayed up to see if they could find out
what was making the noises.

Mom smiled thinly. “I see,” she said. “Kids, I... really
would like the noises to stop.” She gave them a funny
look. “Did you find anything?”

“Not really,” Kelly said evasively. Did Mom think she
and James were making the noises? Kelly wanted to
explain, but she was pretty sure Mom would join James in
the “There’s-no-such-thing-as-ghosts” camp.

Mom didn’t ask any more questions. Instead, she went

Move
to the

head of
the class

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into the kitchen — and the day began.

“Why does it want us to go away?” Kelly said to James
after breakfast when they were watchitig the construc-” |’
tion crew take down the forms. Sam had brought Clem- ;'}.’.
mie again, but tied her up near his truck. “And who is it?-* |



That’s what we have to find out.” ne
“Well,” said James, “if it’s someone who used to live. +[
here, maybe they didn’t want to move out when Mom *:
and Dad bought the house.” ei
“Okay. But what if it’s someone dead who used to live; +j«."
here?” She went on quickly before James could object =!"|"~





_ but this time he didn’t seem to be going to. “Let’s say it’s © |:

FS who’s using the blocks. Let’s say she’s a girl and she had -*.*;
the locket. She’s dead, and she used to live here. And she | +[' ‘ ‘
had her boyfriend’s hair in the locket. And the house*,};
used to be Number 782. And...” r < lot
“And what?” Peed a a
“And I’m stuck. Even if we’re right about all that, we © |: :
still don’t know why she wants us to go away.” le
“If that’s what gooey means,” James said. “And if she’s'.+|.
ashe. And if she’s dead and you’re right about the lock~}s het
et and the blocks. But what about the stone and the>=}*«
horseshoe? What about 782 and — Now what?” ale]
Kelly followed James’s glance over to the dirt pile.,+}-,
Clemmie had broken loose and was digging.in it. Sam was*. :
running toward her, shouting and waving his arms. io
When Kelly and James got there, Sam was picking up.~ |»
another stone fragment like the first one. But some of the’ -}'
writing on this one was was clear: i



CES SMI

(Continued every Tuesday and Thursday.) rifts
Text copyright © 1999 Nancy Garden ee
Illustrations copyright © 1999 ele
Marilynne K Roach stale
Reprinted by permission of aeier

Breakfast Serials, Inc. ;
www.breakfastserials.com

es

SOLOMON’ |

(OR Waa) Ho A V EOL T A Le L,

mahal Ames



TUESDAY, AUGUST 8, 2006, PAGE 14

HE TRIBUNE
ee LOCAL NEWS

ae ‘4 e e © Be
elebration in Fox Hill

Det TA.

a4 4
J MBERS of the Fox
iil! community gathered
p ‘ionday to
onnicmorate the
urvival and triumph of
laves in the Bahamas.
sovernor General Arthur
{annua and Foreign
«finirs Minister Fred
litchell, who is also MP
or (he area, were among
hose ‘attending. “The
jeorge Mackey Fox Hill
‘estival” concentrated

m the declaration

if freedom, the
emembrance of the

aany victims of slavery
nd ‘he proclamation of
divgrse heritage.









Hi MINISTER of Education Alfred Sears (left) turned out to show his support for the Fox Hill
community and to join in commemoration of the survival and triumph of slaves in the Bahamas

eT

(Photos: Onan | GOVERNOR General Arthur Hanna (left), receiving a
Bridgewater/Tribune staff) presentation from Miss Fox Hill 2006 Shekeitra Lightbourne















I MINISTER of Foreign Affairs and & GOVERNOR General Axthur Hanna and
lember of Parliament for Fox Hill Fred Minister of Foreign Affairs Fred Mitchell (far right)
litchell giving remarks at Monday’s meeting with some of the younger members of the
astival . Fox Hill community







}








Se ees

: ae SS MISS Fox Hill 2006 Shekeitra Lightbourne (right) and Miss Bahamas Universe (March pageant)
i MEMBERS of the Fox Hill community in attendance at the George Mackey Fox Hill Festival Samantha Carter reciting the Affirmation of Freedom. : ae 2

sone

ia S



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Vice President
Money Transfer Services

Profile:

Responsible for the development and management of Fidelity’s
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Based in The Bahamas, but expected to actively oversee the
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the Turks & Caicos Islands and any other locations where
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As asenior manager occasionally assist with other areas of
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expanded to incorporate other areas,

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Bachelors or equivalent degree in marketing or communica-
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A minimum of 10 years experience in an extremely active and
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and staff across multi-national locations; j

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36



PAGE 12, TUESDAY, AUGUST 8, 2006

THE TRIBUNE |!



i Be
y

#

What now for New Providence were

HOME to some two-thirds
of the entire population of the
Bahamas, the housing and eco-
nomic outlook for New Provi-
dence not only begs for, but dic-
tates. the development of sus-
tainable communities that pro-
vide adequate green spaces and
easy access to neighbourhood
stores.

Decades ago, the rise in low-
income New Providence com-
munities and developments that
lacked a strong environmental
component, spring up in

Bahamas real estate ratte hi

response to a huge, ongoing
demand for affordable housing,
driven in large part by the lack
of economic opportunities in
the Family Islands.

In the construction of these
communities however, the will-
ingness of future generations to
become’ stakeholders and
remain within their childhood

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neighbourhoods was unlikely to
have been a main concern as
developers looked to meet the
immediate needs of a growing
population.

“We got people into those
houses, but when their children
grew up those communities
were not enough to keep them
there,” said Stefan Russell, a
licensed professional architect
with Construction Design Ser-
vices, an architectural and con-
struction design company
approved to work on New Prov-
idence Development Company
(NPDC) projects. He is a prin-
cipal agent in the design and
development of a number of
sustainable communities in bur-
geoning western New Provi-
dence.

According to Mr Russell,
those second generation
Bahamians who grew up in the
small-scale, bare-bones housing
communities, are now moving
out and building themselves big-
ger houses in gated communi-
ties and other neighbourhoods
beyond Nassau city limits. The
communities, many of them
new, are essentially self-con-
tained and boast substantial
amenities, including lots of
green space and easy access to
shopping centres.

"If I like my community and
there is a reason for me to Stay,
my kids will want to do the
same. It's not only the size of
the house, but the green space
and activities around the com-
munity. It costs a little more to
do something like this because
you're doing something right,
but the way I see it happening
with the private developments,
is the average person wants to
come in and feel that they
belong — so their children can
play in the street and they don't
have to worry about traffic or
predators."

Mr. Russell explained that
with the mass exodus from low-
income communities coupled
with the passing on of an older

generation these abandoned
homesteads are fast becoming
‘derelict. ;
“Unless there can. be ae

ded cs NOT Sales Team





egiic 5G

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turnover in occupancy — which
would likely require a revital-
ization of the space — these
communities, which were never
designed to incorporate sus-
tainability, may have to be torn
down and redesigned if they are
to remain viable housing
options for future generations.”

He said the mission to

‘achieve sustainable living cen-

tres throughout New Provi-
dence with the island facing a
population explosion of some
200,000 residents and counting,
will require a cohesive effort by
all stakeholders — land devel-
opers, Government and com-
munity leaders.

One of the areas that NPDC
is demonstrating this principle
of revitalization is the Mount
Pleasant community. An his-
toric neighbourhood on the out-
skirts of western New Provi-
dence, Mount Pleasant has been
evaluated for community
enhancing upgrades to help
ensure community longevity. It
was originally developed as a
community to house persons
who worked in the Lyford Cay
area and was a part of an area
master plan by the then owner
of New Providence NPDC,
Canadian EP Taylor. Mr Taylor

-devised the plan to develop

thousands of acres in western
New Providence into distinct,
sustainable communities that
would attract wealthy individ-
uals from around. the globe and
also pull Bahamians away from
the hustle and bustle of down-
town Nassau.

Maintaining its commitment
to the development of western
New Providence, NPDC, in
2001, revised the master plan —

_ taking into account some of the

elements outlined in Mr Tay-
lor’s 1959 plan, and coming up
with a strategy that is expected
to enhance the formation and
the overall well being of the
area and to better meet the
housing and community needs
of Bahamians.

The updated master plan now
acts as a guideline — revealing
the parameters of the final
design — and allowing the prin-
cipals to show stakeholders
comprehensively what has been
achieved and what else is

‘planned. The prospectus
remains fluid, however, and can.

‘ M REAL estate boards, advertising properties for sale, are a

common sight on the streets of Nassau and New Providence, as
the island’s population density and booming national economy

create a thriving housing market

be refined as ,necessary,

explained Mr. Russell.

The idea of developing a
community around a core group
of residents, ensuring that the
living space remains as organic
as possible, yet allowing for the
necessary businesses, is not lim-
ited to Mount Pleasant. The
lifestyle philosophy was incor-
porated at Charlotteville and
no doubt contributed to the
swift sell-out of this handsome
new community development
in the west, near Old Fort Bay.

NPDC has also allocated

some 200 acres for affordable .

housing on land within its land-
holdings in response to Gov-
ernment requests.

The company is also planning
to help the traffic circulation of
the western communities by
opening Rockplant Road as a
north south corridor between

- Airport Park and Adelaide. A

further east-west corridor from
Rockplant to Clifton is also
planned.

Envisioning future sustain-

pats t



»

e

able communities blossoming*

along the western tip of New,

Providence, Mr. Russell pointed: :

to a similar phenomenon
already happening in Nassau
East.

"Out east on Prince Charles,
right after Nassau East going
towards Yamacraw Beach,

there's a 30-foot strip of prop-. «| :

erty — there are no houses, but .°

it's lined with trees. In the sum-
mer evenings that strip is lit-

tered with people just walking, .-. .
people who previously would ‘+: +

go to RM Bailey Park to walk.

“And this activity is prompt-
ing commercial development.
Wendy's and Papa John's will

soon be there and eventually |--

banks too and other commer-
cial enterprises.

“We are getting to the point.

where people won't have to go
out of their communities for
work, rest or play
be in their own back yard. And
this is what is meant today when
we talk about sustainable com-
munities.”

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THE TRIBUNE



College bookstore to
-make donation to
reading programme

@ By REUBEN SHEARER

-. AFTER reading an article in
Friday’s Tribune, the College
of the Bahamas’ Chapter One
Bookstore has announced that
it will make a donation to the

_ Garden Hills Community Read-
ing Programme.

The contribution of 50 books
will assist many children who
need material to engage their
minds this summer.

Behind the reading pro-
gramme is MP for Garden Hills
Veronica Owens, who said that
after. realising the importance

for students to practise reading

over the summer vacation, she

did not want to have a day

camp that did not include an
academic component.

-_. The books, donated from the

‘children’s section of the Chap-

Bahamas is
- favourite for
investment

B THE latest issue of
The Bahamas Investor

2 Fae PR we we

s THE Bahamas is fast becom- ~

ing the ‘it’ spot for foreign
‘investment and major resort
developments and one can read
all about this and much more
in the latest issue of The
Bahamas Investor magazine
(http://www.thebahamasin-
vestor.com).
“« Launched in January, 2006,
‘The Bahamas Investor, pub-
lished by Nassau-based Etienne
Dupuch Jr Publications Ltd, is a

new, bi-annual magazine

designed to serve the growing
interests and information needs
of foreign investors and wealth
management practitioners
worldwide.
‘Since its first issue, The
Bahamas Investor has received

a lot of positive feedback and is

recognized as a leading resource
2 for investing in The Bahamas.
' ‘In every issue of The Bahamas
Investor the reader will
encounter intriguing insights
into the developments that are
'."shaping the future of The

Bahamas, stories about dynam-

i¢ international business figures
who. are living their entrepre-
neurial dreams in the land of
| Sun, sea and sand and trends
.’. facing the world of investment
today.
* Here is a glimpse of the high-
lights in the much-anticipated
July issue:
, © Executive Focus cover sto-
ry profiles Bahamian Mark
_ Holowesko, Olympic athlete,
Successor to Sir John Temple-
- ton, and now CEO of Temple-



-from people who are
‘making news in their
~~ feneighbourhoods. Perhaps

i good cause, campaigning
for improvements in the
-.f/ area or have won an
award.

If so, call us on 322-1986
/and share your story.



-Share your news

a i‘The Tribune wants to hear

f’you are raising funds for a

ter One Bookstore, carry seven
titles, and are written for pre-
school and mid-primary aged
students.

Mrs Janice Cartwright, spe-
cial assistant to the president of
COB, came up with the idea of
COB’s bookstore being the
benefactor of this programme
after reading about the efforts of
Mrs Owens and other educators
in the Garden Hills community.

“We wanted to assist in any
way we could and, as always
when we see a beneficial pro-
gramme out there for our
Bahamian people, our duty is
to support it.”

Mrs Cartwright told The Tri-
bune that the new materials will
be distributed and, at the end
of the camp, instructors will
decide which students take the
new books home.

ton Capital Advisors.
e Industry experts Steve

Sokic and Kelly Anne Kerr of »

Royal Bank of Canada Trust
Company (Bahamas) guide you

through the tax implications of

non-US persons considering a
move stateside.

¢ Hywel Jones of Britannia
Consulting Group offers
wealth-management strategies
based on unique insurance
products.

e The Bahamas is becoming

a new retirement capital, so”

Investor will introduce the read-

-er to an American baby-

boomer who shares the joy he
has experienced in his new sec-
ond home on Paradise Island.
On the website is the Investor’s
Resource Guide which provides
invaluable information on sub-

jects such as setting up trusts,

starting a business, investment
opportunities and everything an
investor needs to know about
working and living in The
Bahamas. Users with an RSS
reader on their computer can
arrange to have the latest arti-
cles from the magazine sent
automatically by clicking on the
orange RSS icon on the web-
site.

Etienne Dupuch Jr Publica-
tions Ltd is the leading publish-
er of business and tourism infor-
mation in The Bahamas with
such publications as the
Bahamas Handbook, Welcome
Bahamas, What-to-do, Bahamas
Trailblazer Maps and the Dining
and Entertainment Guide.












TUESDAY, AUGUST 8, 2006, PAGE 13

LOCAL NEWS




YOUR CONNECTION“TO THE WORLD

POSITION VACANCY =|

Vice President of Training -

The Bahamas Telecommunications Company Limited invites applications for the above position from
suitably qualified persons with ‘relevant experience in the telecommunications or related industry.

The Vice President of Training will contribute to the Company’s success by creating and driving the
education, training and professional development strategy to ensure that employees are adequately
trained and developed and that organizational performance is maximized and enhanced as a result
of the investment of training dollars. This position will set the strategic direction and oversee the
establishment of a training facility; “The University of BTC”, to develop career development programs
for BTC’s technical (engineering, network services, IP), customer service, managerial, IT, executive and
staff positions to properly match employee interests with the present and future skill requirements of
the Company.

- General Responsibility

This position reports to the President & Chief Executive Officer and is responsible for directing the
education, training and development plans, policies, procedures, systems and related activities. More
specifically, this position is responsible for aligning the Training & Development function with the
business strategies of BTC by developing and conducting programs that result in enhanced performance
by employees who are knowledgeable about the critical functions of their jobs and have the current

training and development skills to meet the business needs of BTC.

_ ROLES & RESPONSIBILITIES .

1. Establish an effective training facility; “The University of BTC” and develop and administer the

Company’s education, training & development policies, procedures and programs.

2. Accountable for overseeing and coordinating all training and development activities that will
accomplish the acquisition of new skills, behavioral changes, a customer-focused workforce,
individual improvements in quality, improvement in cost control and cost reduction.

3. Establish and maintain training opportunities to enhance individual competence by focusing
on the acquisition of the skills, knowledge and abilities employees require to enable them to
function effectively within the scope of their jobs.

‘4. Promote long-term individual career development processes that properly matches the
employees’ interests with the present and future needs of BTC’s for the achievement of its .
strategic goals, results in increased employee satisfaction, meets staffing needs of the future,
and develops critical employee skills.

5. Confer with executives, management and employees to gain knowledge of work situations

that require training to better understand changes in policies, procedures,, regulations, business

initiatives.and technologies. ,

6. Ensure the development of a competent workforce by researching, planning, organizing and
conducting training programs, seminars and conferences for technical, administrative/clerical,
supervisory, management and executive staff.

7. Formulate training policies, programs and schedules based on knowledge of identified training
needs, company processes, business systems or changes in products, services or procedures.

‘8. ‘Review and update existing programs to reflect core values of the company. Organizes, writes
and coordinates training manuals that include course content. Writes material for new training
programs, reviews, evaluates and modifies existing programs and recommends appropriate
changes. basa ee :

9. Establish a functioning Training Centre where a training facility exists, training materials, reference
library, testing and evaluation procedures, visual aids, multimedia and other educational materials

and all the necessary resources have been communicated. Ah

ne JN

10. Prepare and monitor the training budget to ensure that training costs do not exceed allocated
funds.

11. Plan and direct all approved in-house training programs by coordinating the planning and
classroom facilities, selecting the appropriate instructional procedures, equipment and supplies
to be used. ,

42. Direct and control the activities of all BTC’s employees while on external training programs
sponsored by the Corporation so that training objectives may be realized.

13. Direct and supervise all personnel while serving as instructors for BTC’s in-house training
programs.

14. Administer BTC’s Tuition Reimbursement and Certification Programs.
15. Build, recruit, train and organize an effective Education, Training & Development division.
REQUIREMENTS :
A Bachelor's degree in Arts or Science with emphasis in human resources development with a minimum
of ten (10) years of managerial experience in a human resources management or education, training
& development environment.
The successful candidate should possess:

~e — Superior understanding of and experience in Education, Training & Development fundamentals
and concepts;
e Excellent written, oral, organizational and communication skills;
e Proven success in designing and building an effective training & development function and
_ team(s).

COMPENSATION
Attractive salary and other benefits commensurate with qualifications and experience.
All applications are to b¢ received at BTC’s Head Office, 21 John F. Kennedy Drive, no later than
Wednesday, August 16 h 2006 and addressed as follows:

Vice President/Human Resources

The Bahamas Telecommunications Company Limited —
John F. Kennedy Drive _

P. O. Box N-3048

Nassau, Bahamas

Re:Vice President of Training

y

rk

li







*

PRON vi i page one

terday that the,crash occurred
sadn, driving her
navy blt yh ed Ford Mus-
tang north on Balliou Hill
Road, near the Golden Gates

Shopping Centre, tried to over-



PAGE 14, TUESDAY, AUGUST 8, 2006

take another car.

“She lost control and crashed
into a truck travelling south on
Balliou Hill Road. The male
passenger in the back seat was
catapulted from the vehicle
when the collision happened,”
Mr Evans said.

The 31-year-old passenger,



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Downtown Nassau

2006 FORD EVEREST
Ee ae





LOCAL NEWS

believed to be a resident of
southern New Providence, died
of his injuries at the scene of
the accident.

A few hours later, at 4am on
Sunday, another man lost his
life in a traffic accident on the

streets of North Andros.

According to reports, the
young man — who was celebrat-
ing his 22nd birthday on Sun-
day — died when his truck
crashed into a utility pole.

Police are ‘also investigating
a serious car crash, the result of

a high-speed chase on Sunrise _

Highway at 2.40pm on Sunday
in Grand Bahama.

While on routine patrol on
the highway, a police mobile

| unit spotted a red Ford Explor-

er which had been reported
stolen earlier that day.

The police signalled the dri-
ver — 28-year-old Clarence Gib-
son Jr of No 15 Yorkshire Dri-
ve — to pull over on the side of

the road. The driver, however,

accelerated.
“As he sped along Santa

Maria Drive in North Bahamia, ©
he lost control of the jeep while

going around a curve, over-
turned several times into the
bushes, where he crashed into a
tree,” Grand Bahama police
reported.

The vehicle was extensively
damaged and Mr Gibson sus-
tained severe head injuries. At
press time last night he was
detained at the intensive care

~ unit at the Rand Memorial Hos-

pital.
The owner of the Ford

Explorer, Edwin Meadows of

Pinder’s Point, had reported to

police earlier that his vehicle

had been stolen from Port of
Call Drive in South Bahamia.
A second police chase, which

occurred over the weekend in:

Grand Bahama, also ended in a
collision. In this incident, how-
ever, no one was injured. .

At lpm on Sunday, police

‘ were in high-speed pursuit of a

vehicle carrying two’ male pas-

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‘wo dead, one injured in
veekend traffic accidents

sengers, suspected of having
firearms and “dangerous
drugs,” when the crash hap-
pened at the intersection of
Explorer’s Way and East
Atlantic Drive

Neither of the two officers
travelling in the blue police
Ford Explorer, nor the driver
of the car they were chasing was
injured in the incident. .
~ Investigations into all matters
continue.

Figures
show huge
trade deticit
in Bahamas

FROM page one

tion materials, textiles
and articles of clothing)
which accounted for near-
ly $400 million (15 per
cent of total imports) and
the food and live animals
category, which included
both fresh meats and
fruits and vegetables and
processed foods, which
accounted for almost $330
million (13 per cent of
total imports).

The major products
imported from the United
States were various food
products $285.1 million;

| nuclear reactors, boilers,

machinery and mechani-
cal appliances ($140.3
million); mineral fuels,
mineral oils and by prod-
ucts ( $256.4 million); art
works and antiques ($97.9
million); electrical
machinery equipment and
parts ($160.6 million),
and vehicles ($117.2 mil-
lion).
Polystyrene ($94.8 mil-
lion); Crawfish ($95.1.2
million); however some
$52 million worth was
exported to France; Sea
Salt ($14.6 million) and
Rum ($1.1 million) were
among the main items
exported to the United
’ States.

allowed to catch six crawfish, conch, Dolphin, Kingfish, and



THE TRIBUNE






Fishermen
‘are facing
financial ruin

FROM page one

Wahoo, per person, per day.

“So you can imagine if there are 10 persons on a vessel,
what kind of amount of fish they bring up within a week.
It’s outrageous,” he said.

Mr Miller is now proposing that oY cath limits be
changed from “six per person per day” t
per day.”

Eventually, he said, that number should be even fuither

reduced to three per vessel per day.
The minister said he hoped to present his proposal to
parliament this Wednesday.

“We appreciate the concerns of these fishermen. And if *

we don’t do anything about it right now, it will cause
major problems in the Bahamas.

“We all know that this problem exists, but we've besa
turning a blind eye. These regulations need to be changed
now, not next month, not next year, but now,” he said.

One fisherman, who returned from his fishing tour after
only a few days because there was no crawfish to be had,
told The Tribune that he does not think that his chosen
profession will be able to support him much longer.

Families of fishermen are also fearing for their future ©
income.

“We staked our whole lives on crawfishing. We made
commitments based on what we once made on crawfishing.
But the almost non-existent amount of crawfish is forcing
us to look at other avenues of income,” the wife of one
fisherman said.

Another irate fisherman said that he sneaias thousands
of dollars on crawfish condos each year, but when he goes
to pull up his condos, they are empty.

Some fishermen said that they are now even considering
moving to New Providence to explore other professions.

Despite the concerns of the fishermen, crawfishing espe-
cially, remains a lucrative business in the Bahamas;
with $96 million worth of crawfish exported last year
alone.

Share your news

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.

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THE TRIBUNE









pect

Â¥



@ EXPERTS on
the topic of Emanci-
pation, Jackson Burn-
side (second left), Dr.
‘Thaddeus McDonald
and Christopher Cur-
ry were featured on
Bahamas@Sunrise on
Monday. They are
shown above with
show host Romauld
Ferreira left.
Bahamas@Sunrise is
a morning show pro-
duced by The Coun-
sellors Ltd which airs
live every Monday |
and Friday at 6:30 am
and is replayed on
Wednesdays at 8 am
and Saturdays at 9
am.

















ee

— Pteleeretantietevpstentel














(Photo by:
Collin Galanos, The
Counsellors Ltd.)
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a,

PAGE 16, TUESIDAY, AUGUST 8, 2006 : THE TRIBUNE








SECTION



-. business@tribunemedia.net



sin DUNBAR
Power chief:
‘Union ‘will

“never be

satisfied’

{a By DENISE MAYCOCK
Tribune Freeport

TUESDAY, AUGUST 8, 2006





Miami Herald Business, Stocks, Analysis, Wall Street

‘

= ) FIDELITY

HELPING YOU CREATE AND MANAGE WEALTH

NASSAU OFFICE

Tel: (242) 356-7764.

FREEPORT OFFICE °
Tel: (242) 351-3010







Collapsed Bahamas fund's
papers ‘destroyed’ in US ©

By NEIL HARTNELL
Tribune Business Editor

ocumeénts related to a

collapsed Bahamas-

based investment fund,

from which some $500

million’ Canadian dol-

lars in investor monies ate missing, have

been found in Minnesota where they
were, being stored and destroyed.

Raymond Massi, the Canadian

receiver for the Bahamas-domiciled

Olympus Univest fund, said in his latest

newsletter to-update investors that he

had been contacted in May 2006 by an

anonymous informant, who claimed

that documents related to the fund were

US marshalls seize 35 boxes of documents relating to Bahamian-
domiciled Olympus Univest and Mosaic Composite |

at a private club in the US state-of Min-

nesota. ~ ‘

The informant alleged that the doc-
uments, which also contained informa-
tion on Olympus Univest’s manager,
the Canadian-based Norshield group,
and its chief counterparty, Mosaic Com-
posite, “were being stored and/or

- destroyed on the premises of a private

club in Minnesota, US”.

1

the requisite search and seizure court
orders, we attended at the premises
where these documents were located
and, with the aid of the US marshalls

" service, we retrieved 35 boxes of docu-

ments.”
_ The receiver said the documents were
now being reviewed.

The document seizure is the latest
development in the Olympus Univest

the reputation of the Bahamian finan-
cial services and investments fund
industry. |

The appearance of the Olsnpes Uni-

vest-related papers in Minnesota does

not come as'a complete shock, though,

‘given that this was where Mosaic Com-

posite, the fund’s main counterparty,

SEE page 7B

Mr Massi added: “After obtaining saga, which has the potential to harm

Reporter

f FREEPORT — Grand
‘| Bahama Power Company’s
chief executive said the
/union representing the
majority of its workers told
him it “will never be happy”
with the employees’ finan-
| cial packages, despite bene-
fits that far exceed those |
offered by rival electricity
suppliers in the Caribbean.
Dave Dunbar, speaking | ae
} about the current negotia-. |.
tions between the. company
and the Commonwealth
Electrical Workers (CEW) »
| Union, said the company

Government urged: Reinforce National Investment Policy

the right thing to do is for
- Bahamians to have the oppor-
tunity to develop their own
country. We need some pro-
tection.” iat
The latest controversies sur- Seu
rounding the National Invest- con
ment Policy involve the
.impending acquisition of
_Bahamas Supermarkets and
the Caribbean Bottling
(Bahamas) deal, which both

and talked about, and one of
them is preserving areas of our
economy for Bahamians only.

“This is important because
this is how nations are built.
The Bahamas must not get
ahead of itself and think it can
compete because ‘it can’t. It
must not be hoodwinked into
thinking it can.”

Major developed countries _
such as the US, UK and Japan
all protected specific infant
industries until they were
strong, enough to compete.

internationally, and Mr Moss
_ said the Bahamas was doing

no different with its National

Investment Policy.

' Of the industries included in
the policy, he added: “These
areas are under pressure and
‘they will be under increasing
pressure. The Bahamas must
recognise it has a duty and
obligation to protect its citi-

_ zens, or otherwise they will be
‘eaten up and sidelined.

“T know it’s not popular or .
politically correct, but Ibelieve __ SEE page. 8B es ese

— By NEIL HARTNELL

NE -«, acknowledged that the Nation-
.. Tribune Business Editor |

al Investment Policy was likely
to come under increasing pres-
sure as the Bahamian economy
became increasingly intet-
linked with the world’s, but
warned that this nation would
be “eaten up” without some
protection to allow for nation-
al development.
-. “We are proponents of the _
rule of law,” Mr Moss said of
BARYF. “There are:rules and
policies successive Bahamian
governments have promoted

“A BAHAMIAN trade cam-, -
‘paigner has urged the Gov=
atist







ire. specific areas of the
Econo Hy are preserved fort
Bahamian-ownership only,
“because this is how nations.
are built”.
- Paul Moss, head of Bahami-
ans Agitating for a Referen-
dum on-Free Trade: (BARF),-



- | SEE page 6B





Boards into one entity’

§ By CARA BRENNEN:
Tribune Business Reporter

THE Ministry of Financial Services and Investments should
consider combining the Domestic and Foreign Investments Boards
into one to further aid Bahamian investors and eliminate ‘red
tape’, the Bahamas Employers Confederation’s (BECon) president
said.

Brian Nutt said he fully supported the creation and work of the
Domestic Investment Board.
because, for too long, the busi-
ness community had felt the Gov-

SEE page 6B

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PAGE 2B, TUESDAY, AUGUST 8, 2006



H By Fidelity Capital
Markets

IT was another brisk trad-
ing week'in the Bahamian
market as over 126,000 shares
changed hands. For the week,
the market saw 14 out of its 20
listed stocks trade, of which
five advanced, threee declined







































and six remained unchanged.

Volume leader for the week
was Commonwealth Bank
(CBL) with 22,600 shares
changing hands and account-
ing for 17.90 per cent of the
total shares traded.

The big advancer for the
week was Consolidated Water
Company (CWCB), whose

share price increased by $0.22
to end the week at $4.83. On
the down side, Abaco Markets’
(AML) share price fell by
$0.04 to close at $1.74.

The FINDEX advanced by
1.23 points to close the week at
684.11.

COMPANY NEWS

Freeport Concrete Company
(FCC) -

For the 2006 third quarter,
FCC posted a net loss of
$54,000 compared to a net loss
of $147,000 for the same period
in 2005. .

Sales declined by $1.5 mil-
lion or 26.1 per cent to total
$4.2 million, while the cost of
sales fell by $1.1 million or 25.3
per cent to total $3.2 million.

Operating expenses also
declined by $451,000 or 32 per
cent to total $962,000. The
most notable reduction took

‘place in the area of payroll

costs, which fell from $796,000
in the 2005 third quarter to
$498,000 in the 2006 third
quarter.

Gross profit margin fell to
23.4 per cent versus 24.1 per

FOREX Rates

CAD$
GBP
EUR

Commodities —

Crude Oil
Gold

S$ & P500
NASDAQ

JOB OPPORTUNITY FOR A PROFESSIONAL

Chief Accountant

The Public Utilities Commission (PUC) is seeking to employ a
seasoned and competent Chief Accountant to be responsible for its
accounting and financial control systems and policies in accordance
with recognised accounting standards. The successful candidate will be
a professional with drive, initiative, excellent interpersonal skills and a

range of management, supervisory and accounting

experiences. :

Principal Duties: The duties of the post will include
establishing and implementing accounting and financial control policies
and procedures; ensuring the proper maintenance of the internal
accounting systems and records for external auditing; ensuring the
maintenance of the general ledger and the bank reconciliation '
statements; and overall responsibility for accounts payables, receivables .
and revenue collection.

Qualifications and experience: CPA or equivalent; member of
the Bahamas Institute of Chartered Accountants; experience in —
computerized management and financial management systems; proven
skills and abilities in financial and management accounting, and billing
and collections systems are essential; 10 yea relevant experience in
accounting and financial matters.

The PUC offers a very attractive and competitive salary and
benefits package and opportunities for further training and development
are excellent. Starting salary will be commensurate with

relevant experience.

Interested applicants may deliver or fax resumes to: Executive
Director, Public Utilities Commission, Agape House, 4th Terrace East,

Collins Avenue, Nassau, Bahamas;

Fax No. (242) 323-7288.

Applications should be received by 15 August, 2006.

<=



BUSINESS

Tacos |








International Stock Market Indexes: ...



cent in 2005.

The absence of Robin
Hood's earnings contribution
to FCC's bottom-line for the
2006 third quarter explains the
variances in the year-over-year
sales and expenses compar-
isons.

In related news, FCC's man-
agement is reporting that its
new Home Centre Superstore
building is close to completion
and that merchandising the
store is in full swing. It is antic-
ipated that the new store will
be open for business near the
end of August 2006.

Investors Tip of the Week

Reinvesting — The impor- |

tance of reinvesting any divi-
dends and/or capital gains can-
not be stressed enough. Many
investors received quarterly
dividend cheques and'they sim-
ply spend it: It is much more
beneficial to.take that money

and put it back into your:

investment. Doing so speeds
up the process. of compound-
ing, which will allow your
investment to grow at.a faster
pace.



International Markets |



Weekly |

~ 1.4278
1:9083
1.2878



-0.34
2.45

Weekly
$74.67
$651.91.

% Change



1.98
2.65



- Weekly % Change

11,240.35 0.18
1,279.36 0.06
2,085.05 -0.43



1549918 «1.02



phone: 356-8838/9
Pitt Road, Off Nassau Street
CERES CELE LAS




‘% Change







0.94 |












“as at record date J wy 31, 2006.




CLOSING CHANGE VOLUME YTD PRICE‘









|

ts ‘|

|
BISX |
SYMBOL PRICE CHANGE. |
AML $1.74 $-0.04 7050 138.36% BE peat
BAB $1.48 $-0.01 3200 34.55%. | 2:
BBL. $0.80 $- 0 14.29% | TF.
BOB. $7.49 $- 4350. 709% |B
BPF $12.04 $-0.01 ° 5400 AS.TIG: | 9
BSL $14.00 $- elie 9.80% |
BWL $1.48 $- 0 17.46%
CAB $9.10 $- 11925 |
CBL $11.00 $0.01 22600 . 20.75%. |
CHL $1.96 Gerke 21383 19.51% |
CWCB $4.83 $0.22 11218 19.94%) 1
CIB $13.05 $0.05 12000 ATTN. |
DHS — $2.40 $25. 15000: 24.42%: |
FAM $4.20 $- 3200 2.64% |
FCC $1.15 ae 0 13.04% |
FCL $9.21 $0.02 3930. 11.14%. | eed
FIN $10.70 $0.01 4950: » 5.60% | tub
ICD $9.94 Ph "40 13.07% : | a
ISI. $8.50 $- tet SOF 0.55%:
KZLB $5.36 $- one 16.50% .
PRE $10.00..." 5S 0 0.00% |

Saye

DIVIDEND/AGM NOTES: a



vie
4

e FOCOL Comntany: (ECL) has declared a dividend laf | v7
$0.11 per share payable on August 9, 2006, to all shareholders pefin’











record date August 8, 2006.”

¢ Consolidated Water Cobpanyt has declared a dividend of of
$0.012 per BDR payable on August 8, 2006, to all. BDI
shareholders as at record date June 30, 2006. ee

° Keivies International (KZL) will hold an Extraord i
General Meeting on August 28, 2006, at the New Proven
Room of the Coral Towers, Atlantis, Paradise Island , a



@ Colina Holdings ‘Baliamas will hold its Annpal Gene cal |
Meeting on August 10, 2006, at 5.30pm at: the J. ‘W. Pinder
Building, Colinalmperial Jnsurance: ce , Collins Avent,
_ Nassau, Bahamas.

whiscata pattie aticita cal Nettie cadinll (ito lian fas Racal atti










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THe TRIBUNE



The next steps

BUSINESS





towards ending
exchange control

FOLLOWING my column of
January 17, 2005, entitled More
to do, despite first exchange con-
trol steps, | am constantly being
asked: “What do you think we

‘ should do next?” In looking
back through my personal
archives, I wrote four articles
on exchange control between
July and September 2002.

- My. sentiments at the time

3 were! “Our challenge is to find a
way to move the country in the
direction of reducing, and ulti-
mately eliminating, exchange
controls on the capital account.”
This statement is just as rele-
vant today as it was when it was
written some three-and-a-half
years ago.

'- Today, our level of foreign

reserves appears to be about 10

per cent to 12 per cent of GDP
based on the latest estimates. If

. you believe that over $11 bil-

- lion in new foreign investment

‘ will be made in the Bahamas in
the next five to 10 years, this
clearly provides a basis for fur-
ther capital account easing. I
also maintain that we should
not attempt to ‘re-invent the

_ wheel’ each time, but rather

~ carefully study the experiences

‘of others who have successfully

travelled this road already.

Our situation

The fact that there have been
no controls on current account
transactions for many years
now, and the. fact that the
Bahamas is an archipelago
spread across a vast geographi-
cal.area of ocean, where US
. dollars freely circulate, makes it
very difficult to BRO’ or con-
trol “cheating".

It is a widely held view that
the overwhelming majority of:
Bahamians who wish to make
capitale account transactions’

VICE PRESIDENT - MONEY Us alata |



Profile: a

Financial

Focus

have been doing so with rela-
tive ease for many years,
whether it is as simple as buying
a timeshare in Florida with your.
credit card; physically export-
ing surplus cash on frequent
trips abroad; or maintaining
bank accounts, brokerage
accounts, real estate or other
investments in the name of a
foreign- -born spouse.

An ‘unintended effect’ of
exchange controls is that any
unauthorised foreign currency
assets held abroad by Bahami-
ans will most likely never be
repatriated, even if the owner’s
circumstances change and they
can make a better investment
return at home.

Bermuda Experience

Bermuda effectively removed
all controls and taxes on any
foreign currency money that
was repatriated so that such
funds could be moved in and
out of the country freely. I am
told that Bermuda was quite

‘surprised at the inflow of US

dollars held by Bermudians
abroad that came back into the
country as a result of capital
account relaxation.

We can approximate the
Bermuda. model if we were to
designate the foreign currency
funds that were repatriated as
“free funds", and delegate
transactions in these “free
funds” to the commercial banks,
thereby removing them from
the control of the Central Bank.

‘What is most incredible about

the Bermuda experience with
exchange control relaxation is
that this was all accomplished
without changing existing laws.
This is an excellent example of
what can be accomplished with

foresight and a slight shift in the

way policy is administered.

I would recommend that we
consider the following actions
as our next step in the process
of exchange control relaxation.

_ 1. Amnesty

Now that our Central Bank
has started the relaxation of
controls on money going out of
the Bahamas for Capital
Account purposes, the next
emphasis should be on creating

strategies and policies to -

encourage Bahamians to repa-
triate at least the earnings and
dividends (if not portions of the
capital itself) on Bahamian-

- owned foreign currency assets

abroad.
To achieve this, I would rec-

ommend we declare an amnesty -

on all foreign currency assets
and bank balances held abroad
by Bahamian citizens. The exis-
tence of computers makes it
very easy for banks to track for-
eign currency that is repatriated.

Further, delegating this func-
tion to commercial banks would
remove ‘red tape’ and improve

” efficiency. I would even recom-

mend going one step further
and guarantee future convert-
ibility at par on all funds
brought back into the Bahamas
under the amnesty.

While the amnesty is in effect,
there could be a temporary
pause on making any further
moves on capital outflows. This
would allow the Central Bank

SEE page 7B

Jian

Position Available
Vice President

: Knowledge and Skills:

Money Transfer Services

Responsible for the development and management of Fidelity’s
money transfer and associated businesses in The Bahamas,
~ the Cayman Islands and the Turks & Caicos Islands.

‘. Based in The Bahamas, but expected to actively oversee the
. WUFS business in Fidelity‘’s operations in the Cayman Islands,
the Turks & Caicos Islands and any other locations where

Fidelity may establish operations.

As.a senior manager occasionally assist with other areas of

Fidelity’s business and have responsibilties that may be
expanded to incorporate other areas.

- _ Bachelors or equivalent degree in FaaTReuG or communica-
tions;

A minimum of 10 years experience in an extremely active and
dynamic operational environment;

A minimum of 5 years experience in international money trans-
fer business;

Strong interpersonal, oral and written communications skills;
‘Excellent marketing and communications skills;

A strong team leader with experience in managing businesses
_and staff across multi-national locations;

Proven experience in managing the roll-out of a large number
of new outlets across multi-national locations;

Proven ability to innovate and develop new products and
services;

Willingness and ability to travel frequently around the Carib-
bean

The successful candidate will be offered a competitive
compensation package including benefits and bonuses

Resumes should be received no later than August 9th, 2006.

The Human Resource Director’

Fidelity

51 Frederick Steet

P.O. Box N-4853
Nassau
f: 328.1108

e-mail: careers @fidelitybahamas.com



TUESDAY, AUGUST 8, 2006, PAGE 3B

BOC ag ry I The Tribune - the #1 hewspaper

in circulation, just call 322-1986 today!

M&E Limited [BAY

As a privately-owned, mid-sized Bahamian
Company and the authorized Caterpillar dealer
in the Bahamas, we are seeking candidates with
a newly acquired degree in Engineering. The
candidate should be a‘graduate with a Bachelors
Degree in Mechanical/Electrical Engineering
and should be a professional who thrives on
the challenge of developing outstanding
customer relations and service excellence.

Having both academic and practical background
in mechanical/electrical concepts is an asset
but not mandatory. The successful candidate
will be afforded the opportunity to be trained
by Certified Caterpillar Technicians/Engineers.

Send complete resume with education and work

experience to M&E Limited, P.O. Box N-3238,
Nassau Bahamas, Attention President & COO,
or email me@me-ltd. com.

Only persons being interviewed for this
positions will be contacted. |

SUR ROM Cn

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The only MBA program offered in the Bahamas that is fully accredited by AACSB International - the Association to Advance Collegiate
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a First offered in 1976, this program is modeled after our
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faculty, many of whom serve as consultants to
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New executive-style classroom, exclusive to Bahamian
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The program is designed for those who work full-time and
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Students attend a one week course on the Coral Gables
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Fellowships of $15,360 will be awarded to all admitted

students who meet required criteria. This fellowship is only
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UNIVERSITY OF

MEMBER OF THE BAHAMAS CHAMBER OF COMMERCE. SCHOOL OF BUSINESS

Question and Answer Sessions
Thursday, August 10 at 6:00pm, College of the Bahamas, Classroom B27
Saturday, August 12 at 9:00am, Bahamas Chamber of Commerce, Nassau
TEL 305.284.4607 © mba@miami.edu * www.bus.miami.edu/grad





PAGE 4B, TUESDAY, AUGUST 8, 2006





Downtown, port relocation —
plan deadlines for year-end

THE Business Improvement
District (BID) committee that
will oversee downtown Nas-
sau’s economic revitalisation
will hold its first formal meet-
ing with an external consultant
next week, as it aims to finalise
the plan for the city’s transfor-
mation by year-end.

The Nassau Economic
Development Commission has
charged the’ Nassau Tourism

& Development Board

(NTDB) with developing the

Nassau BID’s implementation
lan.

The NTDB has hired Brad
Segal, from Progressive Urban
Management Associates, to
guide the BID committee
through the five to six-month
development of its proposed
business plan for the Nassau
BID.

OFFICE SPACE AVAILABLE
PERFECT FOR ATTORNEY:

Rent includes the following:

“* Electricity

* Water

* Generator

* Receptionist

* Kitchen and
Bathroom Supplies

* Cleaning
* Security

* Parking

* Use of two
conference rooms
* Use of Law Library

To arrange viewing please call: 394-5145

UBS



‘Bahamas) Ltd,, a leading global wealth manager, is

seeking an’experienced professional to join their team as

Reconciliation Manager

The main tasks of this postion are:

ee a 2 4h team; :

J ee open reconciliation items:
Manage prope’ as it relates to. reconciliations;



ng communication skills;

the Securi



+ Knowle eof Treasury ae
* Knowledge: of SWIFT standards | iS. a plus,

BS in Finale, Accounting or ‘the equivalent isa plus.

Please send your written application before August 10 to:

UBS (Bahamas) Ltd.
Human Resources



Bis

Pricing Information As Of:
. Friday, 4 August 200 6





Abaco Markets
Bahamas Property Fund
Bank of Bahamas ~

* Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank
Consolidated Water BDRs
Doctor's Hospital

Famguard
Finco

FirstCaribbean

Focol

Freeport Concrete

ICD Utilities
J. S. Johnson

Kerzner International BDRs
Premier Real! Estate

12.25 Bahamas Supermarkets
10.00 Caribbean Crossings (Pref)

0.20 RND Holdings

28.00 ABDAB_

13.00 Bahamas Supermarkets

0.35 RND cea



“Sowk-Low



S2wk-Hi Fund Name NA _V
1.2983 1.2414 Colina Money Market Fund 1.298262*
2.9038 2.4169 Fidelity Bahamas G & | Fund 2.9038***
2.3915 2.2487 Colina MSI Preferred Fund 2.391480**
1.1820 1.1246 1.182038****

Colina Bond Fund

Colina

Financial Advisors Ltd.

The Nassau BID committee
is looking to finalise its report
to the Government on down-
town Nassau’s transformation
by December 2006 or January
2007.

The BID committee will pre-
sent its recommendations to
Prime Minister Perry Christie
and the minister responsible
for overseeing the public sec-

tor’s role in downtown’s trans- :

formation, Dr Marcus Bethel.

Their report will cover areas
such as: governance and legal
structure; geographic and juris-
dictional authority of the BID;
services and programmes pro-
vided by the BID; defining the
roles of government, the: pri-
vate sector and organisations
such as the Nassau Tourism &

Development Board; funding-
mechanisms; legislative con- |

siderations in establishing a
BID; and incentives for stimu-
lating economic activity in the
BID District.

Charles Klonaris, the NTD-
B’s chairman, said: “Creating
the kind of city which we all
know that Nassau can be has
been no easy task. We have
been working on aspects of the
challenge for some time, with
pockets of success.

“But we believe we’ve found
a way to design the formula,
put in place the structure, the
authority and the funding
mechanisms to enable the pub-
lic and private sectors to suc-



‘REQUIREMENTS:



management degree

skills -



ii

Last 12 ‘Months Div $

Employment Opportunity |

MANAGERS NEEDED FOR LEADING
FAST FOOD FRANCHISE

Must have minaverent experience and/or

¢ Must have strong leadership skills

¢ Must be customer service driven

© Must be results-oriented & articulate

¢ Must have excellent inter-personal skills

° Professionalism required

¢ Must have excellent oral & written communication

¢ Must be able to work flexible hours, including
late nights, weekends and holidays.

Excellent benefits!

Please submit Resume to:
Human Resources Department

; P.O. Box SS-5925
Nassau, Bahamas

cessfully and efficiently man-
age and develop the city.”
Following the formal unveil-
ing of the masterplan for the
transformation of downtown
Nassau and its harbourfront,
the NTDB and Nassau Eco-
nomic Development Commis-
sion have been working on two

parallel implementation plans. -

Plan

Apart from downtown’s

revitalisation, they are also

working on the business plan
for the new port.in southwest-
ern New Providence, which
will ultimately lead to the relo-
cation of all commercial ship-
ping facilities from Bay Street.

“We are working on two
parallel tracks right now. One
involves a task force charged
with advising on next steps for
the port relocation, the other is
a BID committee which will

look at the best way to create

and sustain a new public-pri-
vate sector structure to better
manage the city and guide its
economic development and
transformation” state the

’ NEDC’s co-chairpersons, Nor-

man Solomon and Charles
Carter.
BIDs levy across-the-board

“assessments on businesses for

specific improvements and
developmental work beyond
which government can reason-
ably provide.



















In general, businesses and
property owners in a BID area
fund supplemental govern-
mental services, such as clean-
ing, maintenance, security;
non-governmental services,
such as landscaping, market-
ing and promotion; capital
investments such as sidewalk «
widening; and the long-term
economic development and
planning of the district.

The municipality in which
a BID is located collects the
BID’s supplemental property
tax assessments through its
general taxation powers and
other revenue sources, such as
parking, and distributes them
to the BID.

Share your news

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.



NOTICE 7

THE TRIBUNE,

ay ee
. sea.

2 $B ee

2

wv,
4

A board of directors com- |.’

posed of property owners,
merchants, residents and pub-.
lic sector representatives is«
then given authority by the.
Government to undertake pro-«,
jects and programmes within‘. |
the district. hy
BIDs have been established”
in 1500 cities across the world, -
and have been able to main«.'
tain cleaner, safer streets;.:

improve their appearance and“, - |,
renew economic activity: tel

throughcut the US in places; .
such as Miami Beach, Coral~

Gables, West Palm Beach, :
Hollywood, California, New, .
York City, Hawaii as well as".

_ in London and Johannesburg:~

ee

ER ee ee

NOTICE is hereby given that ANDRE ANDREW WARD OF |;
GARDEN HILLS #3, P.O. BOX EE-17059, NASSAU, |" -

BAHAMAS is applying to the Minister responsible for }'

Nationality and Citizenship, for registration/naturalization as ].
a citizen of The Bahamas, and that any person who knows |.
any reason why registration/naturalization should not be
granted, should send a written and signed statement of the
facts within twenty-eight days from the 1ST day of

.Citizenship, P.O.Box N- 7147, Nassau;::Bahamas.



4
“AUGUST, 2006 to the Minister responsible for Nationality and |* 7

Pursant to the provisions of Section 137 (4) of the

International Business Compaines Act, 2002, Notice is
hereby given that:-

1, AMARALIS HOLDING S.A. (In Voluntary Liquidation)

is in dissolution.

. Procedding to wind-up and dissolve the company were -
commenced on the 4th day of August A.D, 2006.

. Dr. Wilder Gonzalez Penino whose address is World Trade
Centre, Montevideo, Av. Dr. Luis Alberto de Herrera
1248/2301 (11300) Montevideo, Uruguay and Mr. Mark
Levine whose address is M. Safra & Co., Inc., 590 -
Madison Avenue, 27th Floor, New York, NY 10022,
U.S.A. are the joint Liquidators of the Company for the

purpose of such dissolution.

WILLIAMS LAW CHAMBERS
Registered Agents»

PKF Bahamas

QUALIFIED CHARTERED



= wep ge ee

ACCOUNTANTS REQUIRED |

Professional Bahamian Accountants required by |
Nassau office of international accounting firm.. |'

qualifications who are eligible for membership
in the Bahamas Institute of Chartered Accountants |'.

experience should apply, giving details of work |:
experience to date. Minimum two years contract

offered. Salary and benefits subject to negotiation.

a.

Preference will be given to applicants with proven |"
audit and assurance experience.

Apply in writing to the Human Resources Partner, |.
PKF, P.O. Box N-8335, Nassau, Bahamas, |



HARE INDEX - 19 Dec 02 = 1,000.00
52wk-Hi - Highest closing price in last 52 weeks



Bid $ - Buying price of Colina and Fidelity

52wk-Low: - Lowest closing price in last 52 weeks Ask $ - Selling price of Colina and fidelity *- 14 July 2006
Previous Close - Previous day's weighted price for daily volume Last Price - Last traded over-the-counter price
Today's Close - Current day's weighted price for dally volume Weekly Vol. - Trading volume of the prior week **- 31 May 2006

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

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 eamings

*- 30 June 2006

100 - 30 June 2006









THE TRIBUNE

TUESDAY, AUGUST 8, 2006, PAGE 5B



a

Bahamas ‘right in the middle of good
practice’ on director independence

@ By NEIL HARTNELL
Tribune Business Editor



THE Inspector of Banks and
Trust Companies told The Tri-
bune that the Central Bank’s
guidelines for independent
non-executive directors place
‘the Bahamas “right in the mid-
dle of good practice” world-
wide.

_ Michael Foot said the guide-

lines, which have been circu-
lated to-the financial services
industry for consultation, took

~. .into account the fact that the
. Bahamas, given its small size,

only hada relatively small pool
of people from which Bahami-
an-based bank and trust com-

-‘ panies could draw their inde- :

pendent, non-executive direc-
tors.
“T-think these guidelines

oS place us right in the middle of

‘- good practice elsewhere, with-
‘out going to the extremes as
in large countries like the US,

r

+

Â¥



i OEE ew

| REQUIREMENTS:

‘Employment Opportunity

CUSTOMER SERVICES
{REPRESENTATIVE NEEDED FOR
‘LEADING FAST FOOD FRANCHISE

where a larger pool of people
is available,” Mr Foot said.
“This is all out of the fact
that in a whole range of coun-
tries, and the Bahamas is no
exception, it’s really important
to decide what is meant by
‘independent’. It’s trying to
bring a common sense
approach to a difficult debate.”
Mr Foot added that the

focus of the guidelines was on -

“independence”, and they out-
line elements that show a non-
executive director is indepen-
dent, discuss issues that might
influence their effectiveness,
and detail activities that inde-
pendent non-executive direc-
tors are “prohibited from per-
forming” in order to prevent
conflicts of interest..
Acknowledging that the role
of independent directors was
critical for good corporate gov-
ernance, the Central Bank
guidelines said: “There should

be a sufficient number of inde-





pendent, non-executive direc-
tors on the Board of Directors
to create a suitable balance of
power, prevent the Board from
being dominated by one indi-
vidual or by a small number of
individuals, and ensure that
their opinions carry weight.”

The Central Bank guidelines
said independent non-execu-
tive directors were expected to
bring a wide range of skills and
experience to the Board, and
provide an objective third par-
ty perspective.

“Independent non-executive
directors find themselves in a
dilemma, in that even though
they are legally liable in the
same way as executive direc-
tors and have the same fidu-
ciary duties to the company as
well as the duty of skill and
care, they may find themselves
at a disadvantage, lacking the
necessary information to make
quality contributions to the
Board,” the Central Bank said.

In addition, the guidelines
said independent non-execu-
tive directors might be reluc-
tant to question decisions and
activities taken by executive
colleagues when they were
chosen by the chairman or
chief executive.

Mr Foot told The Tribune
that the guidelines gave “a
clear idea” in situations such
as the length of time before a
former employee or external
auditor and attorney could be

appointed to a bank or trust ©

company Board as an inde-
pendent ‘non-executive direc-
tors.

The guidelines stipulate that
such a person cannot be
appointed to the latter post if
employed in those positions by
a bank or trust company “at
any time in the past three
years”.

To ensure that independent

non-executive directors were
free from any situation that

might compromise their ability

to be independent, Mr Foot
said any banking relationship
between them and their insti-
tution had to be “arm’s
length”.

This meant it was conducted
on normal commercial terms,

with the bank’s other clients —

gaining the same loan terms as
an independent non-executive
director.

In addition, the loan must .

not make the independent
non-executive director behold-
en to that institution.
- The Central Bank is also
proposing that changes be
made to bank and trust com-
panies’ annual corporate gov-
ernance reviews, with Boards
determining that independent
non-executive directors have
met their independence
requirements.

In providing an annual cer-
tification of compliance with
the Central Bank’s corporate

governance guidelines within
120 days of every calendar year
end, every bank and trust com-

‘pany is now required to sub-

mit a list of independent non-
executive directors, and indi-
cate whether the Board con-

siders them to be independent.

Where independent non-
executive directors receive
financial compensation apart
from the normal director’s fee,
the Central Bank proposes that
this be discloséd.

INSIGHT

For the stories behind

the news, read Insight
on Mondays



HALSBURY
CHAMBERS

Counsel and Attorneys-at-law
Notaries Public

Is seeking an ambitious
COMMERCIAL/CORPORATE

ATTORNEY
For its Nassau Office

'e Must be a High School graduate
° Must be customer service driven

‘© Must have excellent oral & written
communication skills

e Must be able to work flexible hours,
... cluding late nights, weekends and
--holidays, |









Excellent benefits!

Please submit Resume to:
Human Resources Department
P.O. Box SS-5925
Nassau, Bahamas





-fs cee we emer ee ee

fy

MOLBY LIMITED

. || NOTICE IS HEREBY GIVEN as follows:

(a) MOLBY LIMITED is in voluntary dissolution
under the provisions of Section 137 (4) of the
International Business Companies Act 2000.

I (b) The dissolution of the said company commenced on
the 3rd August, 2006 when the Articles of Dissolution

were submitted to and registered by the Regier
General.

‘£(c) The Liquidator of the said company is Credit Suisse
Trust Geneva, of 17 bis rue de Lausanne, P.O. Box 550,
. CH-1211 Geneva 70.

-_ 4 Dated this 8th of August, A. D. 2006

Credit Suisse Trust Geneva
Liquidator



t Seeking Candidates for
the Position of

Office Assistant

The desired candidate will be responsible for :-
- Overseeing to general office duties.

- Must be motivated, honest and
confidential.

- Must be customer oriented.

ale Possess excellent organizational and
administrative skills.

. Must have excellent computer skills.

gels Assume any additional duties and

responsibilities as directed.

The successful candidate mist possess a high school
certificate.

Qualified candidates are invited to apply in writing
| with a complete resume to :-

The Manager
DA12141T
P.O. Box N-3207
Nassau, Bahamas




















MAWALAKE LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) MAWALAKE LIMITED is in voluntary dissolution
under the provisions of Section 137 (4) of the
International Business Companies Act 2000.

(b) The dissolution of the said company commenced on
the 3rd August, 2006 when the Articles of Dissolution
were submitted to and registered by the Registrar
General.

| (c) The Liquidator of the said company is Credit Suisse
Trust Geneva, of 17 bis rue de Lausanne, P.O. Box 550,
CH-1211 Geneva 70.

Dated this 8th of August, A. D. 2006

Credit Suisse Trust Geneva
Liquidator

PULIKAO LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) PUILKAO LIMITED is in voluntary dissolution
under the provisions of Section 137 (4) of the
International Business Companies Act 2000. :

(b) The dissolution of the said company commenced on
the 3rd August, 2006 when the Articles of Dissolution
were submitted to and registered by the Registrar
General.

(c) The Liquidator of the said company is Credit Suisse

Trust Geneva, of 17 bis rue de Lausanne, P.O. Box 550,
’ CH-1211 Geneva 70.

Dated this 8th of August, A.D. 2006 -

Credit Suisse Trust Geneva
Liquidator

WAN psy

CARDIOTHORACIC/
VASCULAR
SURGEON

EXPERIENCE:

-10 YEARS
-PEDIATRICS
CALL
242-326-2346














Candidates with a minimum of five (5) years
| experience must possess the skills and the
ability to work independently on various
commercial/corporate transactions.

ANDA

COMMERCIAL/LITIGATION

ATTORNEY
For its Exuma Office —

Candidates must have at least five (5) years
experience and must have the skills and the
ability to work independently on varied
commercial/litigation matters.

Attractive salary and benefits are available to
the applicants with the right aptitude and skills.

Applicants should send resumes to:

THE MANAGING PARTNER
P. O. Box N-979, Nassau, Bahamas or
- By facsimile (242) 393-4558 or
Email: info@halsburylawchambers.com



| UBS

UBS (Bahamas) Ltd., a leading global wealth manager, is:
seeking an experienced professional t6 joi their team’ as

Portfolio Specialist

The:main:tasks of this position are:

» Monitor-and implement global investment templates.and
systems for wealth management clients;

«= Execute trades and control procedures for portfolio.
managed 'client base across fixed-income, equity and FX
markets;

Implement Portfolio Management policies, procedures
from head office;

Market portfolio management services to prospective and
Current clients.

In order to meet our requirements:all applicants must
possess:

. Several years experience in portfolio. management:or
product specialist function in a wealth management
context;

- Degree in finance or economics, further education is a
plus (e.g. Series 7 of CFA);
Foreign Language skills (Spanish and/or Portuguese)
preferred;
Strong analytical skills;
Team player.

Please send your written application before August 10 to:

UBS (Bahamas) Ltd..
Human. Resources
P.O. Box N-7757
Nassau, Bahamas





PAGE 6B, TUESDAY, AUGUST 8, 2006

THE TRIBUNE. .



ia an
‘Combine Investments
Boards into one entity’

UBS

UBS (Bahamas) Ltd., a leading global wealth manager, is
seeking an experienced professional to join their team as

Reconciliation Specialist

The main tasks of this position are:

« Reconcile cash positions on a daily basis;

» Reconcile securities positions on a daily basis,

« Follow up open reconciliation items;
Escalation of open items,

In order to meet our requirements all applicants must
possess:

Strong communication skills;

Knowledge of the Securities Industry;

Knowledge of Treasury Industry;

Knowledge of SWIFT standards is:a plus;

Proficient in MS Office Applications.

Please send your written application before August 10 to:

UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas

AVAILABLE
FOR RENT

Prime Retail
Shop Space

Located on Our Lucaya property
Freeport, Grand Bahama for qualified tenants
(No Food Service)

Please contact Jon Markoulis
for additional information
Tele: 242 373 4160

Fax: 242 373 1364 .



__/f Applicants should:

- Be persona
passionate.

Be: familiar with. youth «
trends.



FROM page 1B

ernment only catered to foreign investors.

He added that he agreed with the senti-
ments expressed by Investments Director,
Basil Albury, that the Government needed
to ensure the same red carpet rolled out
for foreign investors was available for
Bahamians as well.

Last week, Mr Albury announced that
former Bahamasair general manager Paul
Major would serve in an advisory capacity
to the Domestic Investment Board, with
the task of assisting Bahamians in finding
capital to fund their projects.

Mr Nutt, though, said in his opinion there
was no need for two separate Investments
Boards. He said that what often happened
to Bahamians seeking approvals from the
board was that they were sent from gov-

. ernment ministry or agency to another,

seeking different approvals.
Once they reached a stumbling block at

from the others.

Therefore, Mr Nutt said he would like
Bahamian investors to have the same ease
as foreign investors by being able to work
with one body.

He added that if the Boards were to
remain separate, he would like the Domes-
tic Investment Board to operate as a statu-
tory body, rather than an advisory one, as in

_the latter capacity it can only make recom-

mendations, not effect change.

Mr Nutt also expressed concern about
the possibility of the Domestic Investment
Board allowing concessions solely for
Bahamians.

He said that trade Bodies such as the
World Trade Organisation (WTO), of
which the Bahamas is seeking full mem-
bership, may frown on such special incen-
tives for a particular group of people.

Philip Simon, executive director of the
Bahamas Chamber of Commerce, told The
Tribune that while the chamber was not
entirely clear exactly what functions Mr

Major will have, it is happy with any move
that will benefit Bahamian entrepreneurs.
In addition, Mr Simon acknowledged Mr
Albury’s comments that the Ministry of
Financial Services and Investment was
investigating the creation of a Tourism
Attraction Incentive or Encouragement,
Act, which would serve as a companion:

legislation to the Hotels Encouragement

Act

Under such legislation, Bahamian entre-
preneurs will be able to bring in the mate-
rials that are needed for tourism-related _

businesses duty free, as well as be entitled to-.".
special duty free concessions specifically” ore oe

designed for Bahamians.

Mr Albury last week said that in addition
to benefiting tourism-related businesses,
this would have a trickle-down effect for.
other companies. -

Mr Simon said: “Obviously, any form of
incentive legislation to further advance
Bahamians is welcoming news. Hopefully,
the impacts are far reaching.”



one ministry, it was difficult to get approvals

are chief: Union ‘will never tnt



FROM page 1B

“deeply cares” for its workers.

“I know them very well, and
know that the vast majority of
them are excellent, hardworking
employees that do a wonderful
job for this community,” Mr
Dunbar said.

“But, when I first got here in
2004, a union executive told me:
‘We will never be happy’, and
unfortunately that statement
has been made true over the
last years. No matter what the
company does for its employ-
ees, that union wants more.”

Mr Dunbar added: “Make no
mistake about it, I believe as I

have, since I came here, that the _,

employees of Grand Bahama
Power are the best employees
that I have seen, and I have
been in this business 30 years
all over the world.

“When I go to the United
States, Jamaica, Curacao and I
talk to management of electric-
ity companies, they cannot
believe that things we do on
Grand Bahama for our employ-
ees.”

Mr Dunbar said the company
has provided very good salaries
that have been increased faster
than inflation, and has made lib-
eral overtime and double time
pay during the 2004 and 2005
hurricanes.

faethabist Church



esponsibilities include:

jon and. oversight of all /

“Youth Ministry: programmes.

leading Youth Services 1

Leading young persons to Christ and |
creating life-time disciples.

Building relationships between youth,

—_— —

congregation and the
community.

wider |

f Please send Resumé. together with: aN
pring letter, a statement of philosophy
_and a recent photograph to:





The Trust Secretary

Ebenezer Methodist Church

Willingness. to. support Church's

‘P.O. Box SS-6145
Nassau, Bahamas

Or fax to: (242) 393-8135, or e-mail to

beme@bahamas.net. .bs

Candidates: shortlisted will be contacted

by telephone, fax or e-mail

| interview.

for an



“We have a pension that is
100 per cent paid by the com-
pany, a savings plan where the
company pays 75 cents on every
dollar that the employees put
into it, up to 6 per cent. We
have paid vacation that gets up
to four weeks of vacation in
only five years,” he said.

Mr Dunbar added that
employees receive 20. days of
sick time per year, prepaid
salaries when they go on vaca-

tion, and a 25 per cent discount

on the base rate of their power
bill.

Additionally, the company

pays.55 per cent of school
tuition fees for each of their
children, and $150 dollars for
each employee’s child book and
uniform allowance.
»“T-also believe that we have
the best training and safety pro-
grammes for our employees
anywhere in the Caribbean, or
the Bahamas,” Mr Dunbar said.
_ He added that the company
had also discussed other things
to further enhance the well-
being of its employees, includ-
ing a low-interest loan pro-
gramme, where it would pay for
storm shutters for its employ-
ees’ houses.

Mr Dunbar said that after
months of negotiating and lis-
tening to the requirements of
the union, management thought
it had proposed a package that
met most requirements, and
gave management the right it
needed in an area where there
is changing regulations and
technology.

“We proposed a full package
to the union, and we wanted
members to accept the full

package, but not just take the
good things for the union and
not agree to the things that
management wanted to be able
to managed the company,” Mr
Dunbar explained.

Grand Bahama Power
offered a $1.5 million package
on July 24 to the union, which
was rejected with a counter-
offer that will cost the Company
$2.5million.

Offer

Grand Bahama Power’s offer
included a 12 per cent lump sum
payment in the first year; 5 per
cent in the second year; 3 per
cent in the third year; and 5 per
cent in the fourth year..

“From the comments I have
heard, I believe that union exec-
utives and their advisors mis-
represented our good package
as a dictatorial offer, and put
the worse the possible spin on
the good package that we had
provided,” said Mr Dunbar.

Amid ongoing negotiations,
the power company experi-
enced a major power outage last
Thursday due to alleged “sabo-
tage” at its Substation Six in
Fortune Bay Drive.

Police are investigating the
matter, and the company

. intends to prosecute anyone

charged over the incident.

The union is asking for a
$6,000 lump sum payment in
the first year, a payment that

_ represents 25 per cent of the

average annual salary of CEW
employees; retroactive pay; and
5 per cent increases in the sec-
ond year, third and fourth year.

“We thought what we offered

was more than reasonable. We-. -|

made it extremely reasonable
because management wanted
some things, and union’s

response to us was they.°.-.

absolutely discounted anything
we wanted and then raised the
price by $1million,” Mr Dun- .
bar said.
“When our costs increase, we’
ultimately pass them on to our

‘customers here in Grand

Bahama. Due to the 25 per cent
discount that employees receive
on electricity, they don’t always
feel the full brunt of a rate.
increase, but our customers do
feel the full brunt of that.

“TI believe it is time for the
union to get reasonable and get
back to the table, and for us to- |

finish negotiations in a friendly” a

manner and get back to ‘the: \

‘work of serving our customers.

Mr Dunbar added: “We ask

our employees after hurricanes | -

to forsake their own house and -’
come and work, and we believe °
if a worker’s house is badly
damaged, we should provide a
professional to help them go
out and get bids for reconstruc-
tion for the house, help with
insurance companies and con-
struction companies to get, their.
house built.

“We also spoke about, and)

are designing, a programme to -
make sure our employees get
ice and water if there is an
extended outage after a hurri-- | -
cane.” c
Grand Bahama
employs 180 persons.
Mirant, a major US energy
supplier that owns 55 per cent
of Grand Bahama Power, isin -
the process of selling its stake.

Power

NOTICE OF VACANCY

A vacancy exists for a Bahamian at The Grand Bahama Port Authority,
Limited in the Building and Developement Services Department.

Vacancy: Director of Building and Developement Services

The position reports directly to Management.

Qualifications/Pre-requisites:

Bachelor’s degree in Civil Engineering with a minimum of fifteen (15) years experience with
substantial knowledge in the construction industry w.r.t. building services, substantial familiarity
with building codes, substantial knowledge in urban engineering and substantial experience
in management of projects.Legal mindedness,computer literacy, the ability to communicate
effectively. and speak publicly and a character of integrity are essential.

Responsibilities:

Managing the day to day operations of the Building and Development Services Department
with respect to Building and Planning Code matters, contracts administration of capital projects,
implementation of Management’s physical planning of subdivisions and Gveisering the
functions of the City Management Department.

Resumés with supporting documentation should be submitted to:

The Personnel Department

The Grand Bahama Port Authority, Limited

P.O. Box F-42666
Freeport, Grand Bahama
Bahamas
On or before August 10, 2006





THE TRIBUNE

BUSINESS |

TUESDAY, AUGUST 8, 2006, PAGE 7B



Collapsed Bahamas ft
_ papers ‘destroyed’ in US

FROM page 1B

ultimately re-domiciled to after
‘leaving the Bahamas.

Bahamian accountant Clif--

ford Culmer, of BDO Mann
‘Judd, who is joint liquidator
‘with Mr Massi of Olympus
Univest, said in his first report
‘to investors last year that the
_Teturn of Mosaic Composite to
_the Bahamas was key to how
successful the recovery effort
for investors would be.

oy Mosaic Composite had
moved from the Bahamas in

January 2005 to Anguilla, and
then domiciled in Minnesota,

_ where it had merged into a US

-. ‘company.

+}

1 Mr Culmer said: “It is of sig-
«nificance to the issue of co-
operation that the liquidator
has also requested that MCL
[Mosaic Composite] be re-
domiciled in the Bahamas, and
thus far this request has not
been acceded to by the direc-
stors of MCL.
¢ “It is anticipated that failure
“to accede to his request affects
a major part of the liquida-

. Exchange control, from 3B

‘the opportunity to properly

cassess the true situation, and
~the opportunity to fine tune its

‘policies.

+ 2. Personal Allocation

’ The second initiative I would

"recommend is to grant each
adult a personal allocation of,
“say $25,000 per annum initially,

._* for whatever purpose they wish.

“Over time this could be
‘increased until exchange con-
trols are eventually totally elim-

“inated. The annual allocation
would not be cumulative, but

Nena a ‘use it or lose it’ propo-

sition.

“Also, I would extend a similar
“pérsonal 2 ‘allocation to approved
- private pension funds consis-
, tent with recent measures
afforded to the National Insur-
"ance Board.

* 3. Investment Currency

Market

_ This is an anachronism that

“we can do without. As I stated

"previously: “Unless we are pre-
“pared to ban the use of US dol-

..-,lars in our local economy

tion.”

The Olympus Univest situa-
tion has also embroiled Cardi-
nal International, the former
Bahamian investment fund ser-
vices provider, that ceased
business on December 31,
2004.

Cardinal International act-

ed as administrator for both.

the Olympus Univest fund and
Mosaic Composite, and its for-
mer head, Stephen Hancock,
has been examined under oath
by the liquidators. There is
nothing to suggest Mr Han-
cock has done anything wrong
in relation to either entity.
. Meanwhile, in his latest
report Mr Massi said he had
recovered $1.15 million in
Canadian dollars that was
“held in deposit in the
Bahamas by a third party on
behalf of Mosaic Composite”.
A major chunk of the Cdn
$25.5 million Olympus Univest
assets identified so far includes
the Cdn $7.2 million holding
the fund has in Premier Real
Estate Investment Corpora-
tion, the BISX-listed real

(which we would never do), we
ought to do away with the
investment currency market
altogether.”

I believe the above recom-
mendations, ccupled with ini-
tiatives recently taken, will take
us many steps closer to our ulti-
mate goal (the elimination of
exchange controls) in a con-
trolled and systematic manner.
Further, I believe these mea-
sures will serve to promote
more long-term investment and
sustainable economic develop-
ment. Until next week...

NB: Larry R. Gibson, a Char-
tered Financial Analyst, is vice-
president - pensions, Colonial
Pensions Services (Bahamas),
a wholly-owned subsidiary of
Colonial Group International,
which owns Atlantic Medical
Insurance and is a major share-
holder of Security & General
Insurance Company in the
Bahamas.

The views expressed are those
of the author and do not neces-
sarily represent those of Colo-
nial Group International or any



estate investment trust, which
as a mutual fund owns
Freeport’s First Commercial
Centre, plus all of Caribbean
Bottling’s Bahamian proper-
ties.

Mr Massi said “a legal
process..... has been initiated
to recover these assets”, but
warned that the process would
be long and complicated.

Among Premier Real
Estate’s founding directors,
although he is no longer on the
Board, was Mr Hancock, who
was president and chief execu-
tive of Cardinal International.

Given that Premier Real
Estate was seeking US $14.153
million when it was launched,
it is possible. that the invest-
ment by Olympus Univest in
the company accounts. for
almost one third of its share
capital.

The discovery of Olympus
Univest documents in Min-
nesota again provides clear evi-
dence of an attempted cover-
up of the fund’s affairs, and
those of Mosaic Composite
and Norshield.

of its subsidiary nde affiliated

‘companies. Please direct any

“N-7757 Nassau, Bahamas.

Mr Massi said John Xan-
thoudakis, Norshield’s former
principal, had written to
investors in the Bahamian enti-
ties on May 11, 2006.

The liquidator added blunt-
ly: “Despite its ongoing review
of available books and records,
and the numerous requests for
documents and information as
well as examinations under
oath, the receiver has not
received from Mr Xan-
thoudakis or from any other
principals of the Norshield
companies a complete and sat-
isfactory explanation or rec-
onciliation as to the significant
shortfall between investor
claims and the value of the
identified assets.”

A previous report by Mr
Massi, filed with the Canadi-
an courts, had revealed how
John Xanthoudakis and Dale
Smith, Norshield’s leading
executives, had.claimed they
were unable to identify the
beneficial owners of BICE
International, a Bahamian

company that was the Olym-

pus Univest’s majority share-



questions or comments to rlgib- ,

son@atlantichouse.com.bs

LEGAL NOTICE

PALMOLIVE VALLEY INC.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 25th day of
July 2006. The Liquidator is Argosa Corbet Inc., P.O. Box —

ARGOSA CORP. INC.
Liquidator

holder and put the fund into
what was initially a voluntary
liquidation.

The duo also claimed they
were unable to identify the
beneficial owners of Mosaic
Composite, and neither Nor-
shield nor Cardinal Interna-

tional had been able to supply.

the liquidators with a copy of

’ the investment agreement

between Olympus Univest and
Mosaic.

Mr Xanthoudakis had also
failed to provide “information
and documents” on Cardinal
International’s activities as the
Olympus Univest fund’s

administrator.

In an implicit criticism of
Cardinal International’s role
in the affair, Mr Massi previ-
ously told investors that the
net asset value (NAV) calcu-
lations for Olympus Univest -
for which Cardinal was respon-
sible for as administrator -
resulted in redemption values
that were overstated, while
subscription prices were also
overvalued.

Some $307 million of Olym-
pus Univest funds were placed
into other Bahamian funds
known as the Channel Enti-
ties.

seers @ a se eet ete ee ee ret

oF

2 @ LI

“SS 6 se «+

omar ae a@€ FF TBAM WYO DAMN RSE BM.

we

NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Lot No. 1861, Pinewood
Gardens situated in Southern Distr:-t of the Island of New Providence

one of the islands of the Commonwealth of the Bahamas. Situated |

thereon: is a Single Family Residence sonsisting of (?.) Bedrooms, (1)
Bathrooms.

Property Size: 5,000 sq. ft.
Building Size: 975. 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 a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 4667” . All offers must be

" received by the close of business 4:00 pm, Friday 18th August, 2006.

NOTICE

ESSO EXPLORATION AND PRODUCTION
GO OC

NOTICE IS HEREBY GIVEN as follows:

(a) ESSO EXPLORATION AND PRODUCTION ANGOLA

(BLOCK 21) LIMITED is dissolution under the provisions of

the International Business Companies Act 2000.

| (b) The dissolution of the said Company commenced on the

3rd day of August, 2006 when its Articles of Dissolution
were submitted to and registered by the Registrar General.

(c) The Liquidator of the said Company is Karen Floyd of 16945

Northchase Drive, Texas 77002, U.S.A.

Dated the 3rd day of August, 2006.

‘ HARRY B. SANDS, LOBOSKY
MANAGEMENT CO, LTD.
Attorneys for the above-named Company

RBCI
NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Lot 16, Blk#3, Sea

Beach Estates situated in the Eastern District on the Island of New.

Providence one of the islands of the Commonwealth'of the Bahamas.
Situated thereon is a Duplex Apartment consisting of 1-(3) Bedrooms,
(2) Bathroom, 1-(2) Bedrooms, (1) Bathroom.

Property Size:'6,563 sq. ft.
Building Size: 2,425 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 a sealed envelope, addressed
to the Manager, Royal Bank Collection Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 0581”. All offers must be
received by the close of business 4:00 pm, Friday 18th August, 2006.

NOTICE

ESSO EXPLORATION AND PRODUCTION
ANGOLA (BLOCK 21) LIMITED

Creditors having debts or claims against the
above-named Company are required to send
particulars thereof to the undersigned c/o P. O. Box
N-624, Nassau, Bahamas on or before 28th August,
A.D., 2006. In default thereof they will be excluded
from the benefit of any distribution made by the
Liquidator.

Dated the 3rd day of August, A.D., 2006.

Karen Floyd
Liquidator
16945 Northchase Drive
Houston, Texas 77060, U.S.A.

NOTICE
LE CAUDAN ENTERPRISE INC.

Notice is hereby given that in accordance
with Section 138 (8) of the international
‘Business Companies Act 2000, the
dissolution of LE CAUDAN ENTERPRISE
INC. has been completed: a Certificate of
Dissolution has been issued and the
Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)



NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piéce parcel or lot of land being Lot #3, Blk #2, South
Beach Estates situate in the Eastern District of the Island of New
Providence one of the Islands of New Providence one of the islands
of the Commonwealth of the Bahamas. Situated thereon is a Duplex
Apartment.
Property Size: 6,000 sq. ft.
Building Size: 2,248 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 a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 9256” . All offers must be
received by the close of business 4:00 pm, Friday 18th August, 2006.



| The Embassy of the United States in Nassau, The Bahamas

has launched via the internet, a solicitation to require op-
eration and management of Local Guard Services for the
U.S. Embassy Nassau, and the Frederal Inspection Station
(FIS) Pre-Clearance Unit, Freeport, Grand Bahama, The
Bahamas. The contractor shall furnish mangerial, admin-
istrative and direct labor personal to accomplish all work |
as required in this contact. The estimated number of hours
for guards is 153,833 per year. Performance is for a one
(1) year base period and four (4) one-year periods. Major |
duties and responsibilities are to perform accesss control
to limit entry only to authorized personnel or visitors, the
operation of walk-through metal detectors, hand-held de- |

! tectors and special monitoring devices.

All responsible sources may submit an offer, which shall
be considered. The government has issued the solicitation
on the FEDBIZOPPS site at www.fedbizopps.gov This
requirement will be issued only via the internet. No hard
(paper) copies will be mailed. Once on the FEDBIZOPPS |
website, Click on “Vendors” button under browse
agencies, choose “STATE”, scroll down to “Western |
Hemisphere Posts”, double click on “locations”. You
will locate all documents related to this solicitation under
American Embassy Nassau, The Bahamas. Questions can
be addressed to Karen Wiebelhaus, Contracting Officer by
phone: (242) 322-1181 ext. 4415, or by FAX (242)
328-7838 or at wiebelhauskk @state.gov





PAGE 8B, TUESDAY, AUGUST 8, 2006





“BUSINESS

Government urged: Rein



force

THE TRIBUNE



National Investment Policy

FROM page 1B

involve Barbadian companies.

Retail and wholesale busi-
nesses are supposed to be
reserved for Bahamian own-
ership only.

While both deals are sepa-
rate, concerns have been raised
that the Barbadian companies
are using unsecured loans to
get around the stipulation that
foreign firms taking equity
positions in Bahamian busi-
nesses, especially those in areas
supposed to be reserved for
Bahamians, need to have the
deal approved by the Cabinet
and Investments Board.

Shipping
Barbados Shipping & Trad-
ing is being lined up as the new
management/operating part-
ner for Bahamas Supermarkets

by BSL Holdings, the investor
group that is expecting to close

the acquisition. of Winn-Dix-
ie’s 78 per cent majority stake
in the supermarket group with-
in the next few weeks.

Group

The group is only waiting on
exchange control approval
from the Central Bank of the
Bahamas to complete the deal,
which involves Barbados Ship-
ping & Trading making a $10
million unsecured loan to help
finance the buyout.

BSL Holdings has the option
to convert the loan into equity
after three years, giving Bar-
bados Shipping & Trading a
40 per cent stake in the com-
pany. That, though, will be
subject to government
approval.

In the meantime, Barbados
Shipping & Trading will get
two out of the five Board seats,
which: has led some to charge
that the $10 million loan is

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equity in disguise.

However, that has been
vehemently denied by Fidelity
Merchant Bank & Trust, the

corporate adviser to BSL -

Holdings, and which put the
buyout group together.

Fidelity said all actions were
in accordance with government
policy and that it was seeking
all the necessary approvals. It
pointed out that Barbados
Shipping & Trading’s experi-
ence in the grocery business
would generate efficiencies
that would be passed on to
consumers in the form of low-
er prices. :

Indeed, a school of thought
exists that believes the Nation-
al Investment Policy’s restric-
tions are outdated, and allow-
ing foreign operators into the
Bahamas will ultimately bene-
fit consumers, prices and the
wider economy.

Banks |

Meanwhile, Banks (Barba-
dos) Breweries is a key player
in the group taking over
Caribbean Bottling
(Bahamas), the Coca-Cola
manufacturer.

The deal’s structure is under-
stood to be similar to that of
the Bahamas Supermarkets
acquisition, with banks this
time making a $6 million unse-
cured loan to the acquiring
group.

Meanwhile, Mr Moss said
the Bahamas was not ready for
full membership in the World

Trade Organisation (WTO) or
for joining any other trade
agreement.

He said the Bahamas was a
services exporter and had little
in the way of tangible goods
to trade, unlike other coun-
tries, meaning that trade agree-
ments as they currently stand
have less meaning for this
nation.

Added

Mr Moss added that the
Bahamas should not be tempt-
ed to look for trade agree-
ments just because others were
doing so, pointing to recent
views that CARICOM should
look to negotiate a trade agree-
ment with the US.

This was because the
Caribbean Basin Economic
Recovery Act (CBERA),
through which the US gave
special trade benefits and pref-
erences to the Bahamas and
other Caribbean nations, was
coming under pressure in the
WTO from Paraguay and oth-
ers.

Paraguay is arguing that the
CBERA is against WTO rules
because it effectively discrimi-
nates against itself by offering
benefits to the Caribbean that
it does not receive, prompting
debate in CARICOM as to
what should replace it.

Acknowledging that “the
arm of the WTO is long”, Mr
Moss said being able to influ-
ence policies and decisions as a
full member was not a good

enough case for the Bahamas
to join.

“By not being a member, the
Bahamas may feel some
effects, yes, but at the same
time there’s no advantage to
being a member,” he said.

Mr Moss pointed to the
damage inflicted upon the
banana and sugar industries in
other Caribbean states as a
result of the withdrawal of
European preferences they
once received, adding that
WTO membership brought no
benefits to them in this situa-
tion.

“We are putting the cart

. before the horse in talking

about joining these things
when we have so much work
to do in our own country,” Mr
Moss said.

Advantage

While one advantage of |

WTO membership was that
the Bahamians would have to
follow and play by the rules,
as part of a rules-based trading

system, Mr Moss said this -
‘nation first needed to assess its

laws and policies and make
them WTO-compliant before
looking to join.

“This is a perfect opportu-



Notice

NOTICE is hereby given that WILSON DOJOIE, OF MARSH

nity for the Government to
review its legislation to see
what the policies ought to be,”
he added.
Mr Moss said that as a full
member of the WTO, the
Bahamas would have to
reassess the Heads of Agree-

ment it signed with major |-.

developers, and the incentives
it gave them.

Rules

Under WTO rules, the -.:.
incentives and preferences '.*-"-'.

offered to the likes of Kerzner
International and Baha Mar
Development Company would
need to be given to “all and
sundry” to prevent discrimina- -
tion, Mr Moss explained.

He pointed out that unlike in
the Bahamas, where all the
incentives associated with
major developments were giv-

en by this nation to the devel- §.°. ’

opers, in the US the project
proponents also offered incen-
tives themselves. .
Mr Moss suggested that the

likes of Kerzner International
and Baha Mar should also
have to financially assist pro-
jects such as the redevelop-
ment of Nassau International
Airport.



SUPREM

COMMONWEALTH OF THE
BAHAMAS

THE SUPREME COURT
PROBATE DIVISION

No. 2006/PRO/npr/00402

Whereas IDADORA JOSEPHINE
BROWN of 1405 Guinep Tree

Street, New Providence, one of the.

islands of the Commonwealth of
The Bahamas, has made
application to the Supreme Court
of The Bahamas, for Letters. of
Administration. of the real and
personal estate of ROBERTHA
SHANIQUE: CULMER late of
Pinewood Gardens, 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
days from the date hereof.

K. Mackey
(for) Registrar

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

deceased.

Notice is hereby given that after the
expiration of fourteen days from
the date hereof, application will be
made to the Supreme Court of The
Bahamas, on its Probate Side by
JAMES LENNOX MOXEY, of West
Bay Street, New Providence, The
Bahamas, Attorney-At-Law, the
Authorized Attorney in The
Bahamas, for obtaining the
Resealed Confirmation of Executors
in the above estate granted to
JAMES OSWALD JARRETT and

. JOHN GILFILLIAN LUSCOMBE

NASSAU, THE BAHAMAS |

AUGUST 10, 2006

PROBATE DIVISION
2006/PRO/npr/00403

in the Estate of ELLEN ELIZABETH
EVELYN JARRETT, late of 4
Drumclog venue Milngaive,
Scotland, United Kingdom,

eo:

ROBINSON, the Executors, by the
Office of the Commissariot of North:
Strathclyde, on the 6th day of
February, 1985.

K. Mackey
(for) Registrar

COMMONWEALTH OF THE
BAHAMAS

THE SUPREME COURT
PROBATE DIVISION

AUGUST 10, 2006

No. 2006/PRO/npr/00404
Whereas EARL A. CASH of Marlin
Drive, New Providence, one of the
Islands of the Commonwealth of
The Bahamas, application to the
Supreme Court of The Bahamas,
for Letters of Administration with
the Will annexed of the real and
personal estate of SIDNEY
ROBBINS late of 1315 Torrey Pines
Road in the City of Lajolla in the

E COURT

‘ County of San Diego, in the State

of California, one of the States of
the United States of America,
deceased.

Notice is hereby given that such

applications will be heard by the —

said Court at the expiration of 14
days from the date hereof.

K. Mackey
(for) Registrar

COMMONWEALTH OF THE
BAHAMAS

THE SUPREME COURT
PROBATE DIVISION

_ AUGUST 10, 2006

No. 2006/PRO/npr/00410
Whereas PAULA ROBERTS of
Scott Street and Johnson Road,
New Providence, one of the Islands
of the Commonwealth of The
Bahamas, has made application to
the Supreme Court of The
Bahamas, for Letters of
Administration of the real and
personal estate of ZELMA
ROBERTS late of Pinewood
Gardens, 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
days from the date hereof.

K. Mackey
(for) Registrar



HARBOUR, ABACO, BAHAMAS., is applying to the Minister
responsible for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that any person
who knows any reason why registration/ naturalization should
not be granted, should send _ a written and signed statement
of the facts within twenty-eight days from the ist day. of
AUGUST, 2006 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.











Notice
NOTICE is hereby given that MONIQUE TOUSSAINT, OF
CHARLES VINCENT STREET, NASSAU, BAHAMAS.,
is applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason why
registration/ naturalization should not be granted, should send |
a written and signed statement of the facts within twenty-
eight days from the 1st day of AUGUST, 2006 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147, |
Nassau, Bahamas.

_ NOTICE

NOTICE is hereby given that JACKSON CAMELUS OF

FIRETRAIL ROAD SB-52192,NASSAU, BAHAMAS, is
applying to thé Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason why
registration/naturalization should not be granted, should send
a written and signed statement of the facts within twenty-
eight days from the 1ST day of AUGUST, 2006 to the Minister
responsible for Nationality and Citizenship, PO.Box N- 7147,
Nassau, Bahamas.











Notice |

NOTICE is hereby given that JEANCIUS SAINTELHOMME, }-:

P.O.BOX N4339, #37 WASHINGTON STREET, NASSAU, |- a
BAHAMAS, is applying to the Minister responsible for

Nationality and Citizenship, for registration/naturalization as a-
citizen of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be granted, | .
should send a written and signed statement of the facts within [- °
twenty-eight days from the 8th day of AUGUST, 2006 to the. |.
Minister responsible for Nationality and Citizenship, PO.Box

N- 7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that OPHNIDE BEAUBRUN OF ENEAS
JUMPER CORNER OFF EAST STREET, P.O. BOX N-8889,
NASSAU, BAHAMAS is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who knows
any reason why registration/naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 1ST day of AUGUST, 2006 to the
Minister responsible for Nationality and Citizenship, PO.Box| |
N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that GERALD FORRESTER c/o
P.O. Box AB-20409, OF Marsh Harbour, Abaco, Bahamas
is applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen of The |-
Bahamas, and that any person who knows any reason why
registration/ naturalization should not be granted, should
send a written and signed statement of the facts within
twenty-eight days from the 8TH day of August, 2006 to the
Minister responsible for Nationality and Citizenship, RO.Box
N- 7147, Nassau, Bahamas.

















THE TRIBUNE BUSINESS TUESDAY, AUGUST 8, 2006, PAGE 9B

THE BAHAMAS ;
SUPPORT PROGRAMME FOR TRANSFORMING EDUCTION
AND TRAINING
BH-L1003 |

LS



ADMINISTRATIVE ASSISTANT/PROCUREMENT

The Government of The Bahamas (GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.
JOB SUMMARY:
To provide effective and efficient administrative and secretarial support services
to the Procurement Managers to achieve the goals of the project. Assist in
poke Office Management services to ensure the smooth operations of the
PMU.

QUALIFICATIONS AND EXPERIENCE REQUIRED

e First Degree in Management Studies or Business Administration
; Or

e Certified Professional Secretary with Certification in Management
Studies or Business Administration

e Ability to interface comfortably with department heads within the
Ministry, and the public and private sector. ;

e Superior skills in composition and preparation of letters, memoranda,
: reports and the taking and preparation of accurate minutes.

e Supervise the development of an efficient filing system.
® Computer literate with good working knowledge of Microsoft Office
e At least three years experience, working in a project an asset.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary

Ministry of Education, Science & Technology
P. O. Box N 3913/14

Thompson Boulevard va ‘
Nassau, The Bahamas

Attention: Glenn W. P, Major

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748

Fax: (242) 325-4660

Email: gmajoridbproject@yahoo.com
ACCOUNTING CLERK .

‘The Government of The Bahamas (GOB) has secured a loan from the Inter-

- American Development Bank (IDB) to finance the Education & Training for

Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force. ,

JOB SUMMARY:

To provide effective and efficient clerical assistance of the accounting
arrangements for the Project by assisting the Financial Manager and the Project
Accountant. The position will report to the Project Accountant.

QUALIFICATIONS AND EXPERIENCE REQUIRED .
e Associates degree in Accounting or Finance or in an equivalent field.

e At least three (3) years.experience as a Clerk ‘in an.accounting
environment. . :

‘e Some knowledge of the Government Financial and Audit Regulations,
and project accounting techniques would be an asset.

* Computer literate with excellent knowledge of spreadsheet
applications

e Experience working in a project.an asset.
e. A team player with good communication skills.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary
' Ministry of Education, Science & Technology
P. O. Box N 3913/14
Thompson Boulevard
Nassau, The Bahamas
Attention: Glenn W. P. Major
IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748
Fax: (242) 325-4660 ‘
Email: gmajoridbproject@yahoo.com

EXECUTIVE ASSISTANT TO THE PROJECT MANAGER
The Government of The Bahamas (GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.
JOB SUMMARY:
To provide effective and efficient administrative and secretarial support services
to the Project Manager to achieve the goals of the project. Assist in providing
Office Management services to ensure the smooth operations of the PMU.
QUALIFICATIONS AND EXPERIENCE REQUIRED 2%
e First Degree in Management Studies or Business Administration
Or
e Certified Professional Secretary with Certification in Management
Studies or Business Administration
e Demonstrated skills-:in taking minutes accurately and efficiently.

e Superior skills in composition and preparation of letters, memoranda ,
minutes and reports

e Computer literate with good working knowledge of Microsoft Office
(Word, Excel, Power Point, Publisher etc)

e Assist in convening and servicing meetings and/or conferences.

e Ability to interface comfortably with department heads within the
Ministry, and the public and private sector.

e At least five (5) years experience.

e Knowledge of the organizational structure and function of the Ministry
of Education, Science & Technology an asset.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary.

Ministry of Education, Science & Technology
P. O, Box N 3913/14

Thompson Boulevard

Nassau, The Bahamas

Attention: Glenn W. P. Major

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748

Fax: (242) 325-4660



SECRETARY

The Government of The Bahamas (GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.

JOB SUMMARY:

To provide effective and efficient secretarial, desk-top publishing support and
administrative assistance in the implementation of the Education & Training for
Competitiveness Project's Communications Plan.

QUALIFICATIONS AND EXPERIENCE REQUIRED
e Associate degree in Secretarial Science
Or,

‘e Secretarial Diploma/ Certificate from a recognized Institution —

e Knowledge of.the organizational structure and function of the Ministry
of Education, Science & Technology an asset.

e Ability to transcribe notes accurately.

e Superior skills in composition and preparation of letters, memoranda ,
minutes and reports

¢ Computer literate with good working knowledge of Microsoft Office _
e Ability te comfortably multi-task is required.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary

Ministry of Education, Science & Technology
P. O. Box N 3913/14
Thompson Boulevard

Nassau, The Bahamas

' Attention: Glenn W. P. Major

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748
Fax: (242) 325-4660

Email: gmajoridbproject@yahoo.com

SRS a EN,

FILING & RECORDS CLERK

‘The Government of The Bahamas (GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.

JOB SUMMARY:

To be responsible for the record keeping, storage and retrieval of information
through the maintenance of an adequate filing system, receiving, checking and
storing of stationery, recording such goods received into inventory records and
maintaining those records for.the Project.

QUALIFICATIONS AND EXPERIENCE REQUIRED

e High School Diploma and passes in three (3) BGCSE subjects including
English Language or passes in five (5) BJC subjects to include English
’ Language. , ‘ :

e Three (3) years experience in a similar position.
'-e Ability to carry out instructions and multi-task.
e Willingness and Ability to use initiative

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to: - :

The Permgnent Secretary

Ministry of Education, Science & Technology
P. O. Box N 3913/14:

Thompson Boulevard

Nassau, The Bahamas

Attention: Glenn W. P. Major

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748

Fax: (242) 325-4660

Email: gmajoridbproject@yahoo.com

DRIVER/MESSENGER

The Government of The Bahamas.(GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.

JOB SUMMARY:
Provide clerical assistance in cataloguing and other warehouse operations as
required by the Operations Manager. Transport-personnel, equipment and
materials in safety and comfort within the limits of the Law.
QUALIFICATIONS AND EXPERIENCE REQUIRED
e High School Diploma

Five (5) years driving experience

e In possession of a General Driver's License

e Ability to carry out instructions

e Willingness anid Ability to use initiative

* Must be successful in required tests for drivers of Government vehicles
e Ability to communicate orally and in writing.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary

Ministry of Education, Science & Technology
P. O. Box N 3913/14

Thompson Boulevard

Nassau, The Bahamas

Attention: Glenn W. P. Major —

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748

Fax: (242) 325-4660

Email: gmajoridbproject@yahoo.com



cy)









PAGE 10B, TUESDAY, AUGUST 8, 2006

SPORTS

TRIBUNE SPORTS





@ BASKETBALL
NPBA SUMMER
LEAGUE

The New Providence
Basketball Association
continued its summer
league on Saturday at
the CI Gibson Gym with
the following results
posted: .

MINI LEAGUE

No Bull Ballers
knocked off the Giants
29-22.

The Stars def. the
Shockers 17-7.

The Stars def. the
Giants 11-8.

SUPER MINI
LEAGUE

Da Basement def. the
Giants 26-15.

Real Deal Shockers
def. the Giants 60-18.

No Bull def. the Real

‘Deal Shockers 32-27.

The Real Deal Shock-
ers def. the Grants Town
Warriors 34-30. ~

Junior League

The Giants def. the
Shockers 43-42.

The Reokets def. the
Giants 38-33.

Note: Games are
played at the gym every
Tuesday, Wednesday
and Thursday for the
super mini and juniors,
starting at 3pm. The
mini play only on Satur-
day at 10am.

B TENNIS

The Bahamas Lawn
Tennis Association had
a 12-member team that
competed in the JITIC
2006 COTECC HSBC
JUNIOR (closed) CIR-
CUIT in the Boys and
Girls U-14, u- 16 & U-18
Tennis Championships
in EL Salvador from
July31 - August 5.

e Here’s a look at the
results posted:

MAIN DRAW

BOYS 18

Marcelo. ©
Arevalo(ESA) Def.
Jamaal Adderley (BAH)
6-2, 6-3

DOUBLES

Jamaal Adderley
(BAH)/Yohansey
Williams(TRI) Def.
Manique
Arrea(CRC)/Kenny
Turcios(HON) 6-1, 6-4;
Andres
Bucaro(GUA)/Cesar
Ramirez(MEX) def.
Cerron
Rolle(BAH)/Desta
Sandy(BAH) 6-1, 6-2;
Marcelo
Arevola(ESA)/Christian
Saravia(GUA) def. ©
Jamaal
Adderley(BAH)/Yoharis
ey Williams(TRI) 4-6, 6-
2, 7-6(7).

‘BOYS 16.

Jacob Fountain/Ash-
wood Halli (BAH) def.
Manuel Marenco/Pablo
Nunez(CRC) 6-4, 6-2;
Micheal Capozzi/Luis
Delgardo (DOM) def.
Jacob Fountain/Ash-

- wood Hall (BAH) 2-6, 6-
1, 6-3.

GIRLS 16

Cassandra
Escobar/Stephanie
Weadon(GUA) def.
Tershelle Burrows/Elan-
qua Griffins(BAH) 6-2,
6-2.

BOYS 14
Rodney Carey (BAH)

def. Stephen

Berger(GUA) 6-2, 6-3.

DOUBLES
Kevin °
Major/Johnathan Tay-
lor(BAH) def. Ibian
Hodgson/Josue
Hoek(ARU) © 1-6, 7-5,
’ 6-4; Oscar
_- Dominguez/Surgio
’ Tobal(DOM) def.
Kevin

Major/Johnathan Tay-
lor(BAH) 6-3, 6-2..

The team was coached
by Rodney Carey Sr.
and Paula Whitfield.









Sixth place finish |

for Bahamas golfers

@ GOLF
By BRENT STUBBS
Senior Sports Reporter

TEAM manager Agatha
Delancy said the Bahamas

Golf Federation’s national

team played as well as they
could have at-the 50th
Caribbean Amateur Golf
Championships.

The team returned from
Jamaica on Sunday with a
sixth place finish in the week-
long tournament that was
played at the Caymanas Golf
and Country Club.

The Bahamas accumulated
a total of 88 points from the
five divisions combined, 36
points behind Trinidad &
Tobago, which clinched the
title with 124.

Jamaica posted a second
place finish with 117 and the

‘Dominican Republic finished

third with 108.

“We had some other teams
that knew the greens better
than we did, but we struck the
ball and we struck it very
well,” Delancy reflected.

“We just had a lot of prob-
lems in reading the greens.
But I think if we could have
converted the amount of putts

that we missed, we would ~



have done much better.”
Delancy, the president of

the federation, said her rec-

ommendation to the execu-

tive board is that they must .

find a way to get the players

into a programme earlier so-

that we can work with them
with the assistance from the
local professional golfers to
help them improve their game
before they travel.

° Here’s a look at how we
fared in each division:

@ GEORGE TEALE
TROPHY FOR LADIES
The Bahamas best perfor-

mance came in this division

where the team of Sandi Mac-

Dougall (82-78-78-78-316),

Georgette Rolle (81-84-77-86-

328) and Michelean Poitier

(91-89-81-85-346) posted a

four-round total of 643 for

fourth place.
Jamaica won that title with

621. Trinidad & Tobago was .

second with 627 and. Puerto
Rico rounded out the top
three with 637.

Rolle, a senior at Texas

Southern University, said
although they didn’t finish as
well as they would have liked
to, they tried their best.

“We had a chance to win
after the third day, but
Jamaica and Trinidad played
really well on the last day to
beat us out,” she noted.

Rolle, 21, said the greens
they played on really made a
difference in winning and los-
ing. However, she said they
proved that they have the
capability of playing with their
peers in the Caribbean.

@ HOERMAN CUP

FOR REGULARS

Thomas Bethel turned in
the best individual perfor-
mance with 298 (78-79-68-73),
Edrick Poitier shot 307 (76-
71-77-77), Peter McIntosh 318
(81-74-84-79), Scott Mac-
Dougall 320 (80-80-81-79) and
Orien Butler 324 (85-80-79-
80) as they combined for sixth
place with 1238.

The Dominican Republic
captured the title with 1182.
Trinidad was second with 1190
and Puerto Rico came third
with 1202.

McIntosh, who qualified for
the mid-amateurs but decid-
ed to play with the regulars at
the tournament, agreed with

Delancy that their putting was |

the team’s downfall.
“The teams that shot low

were the teams that made the
putts that we missed,” he stat-
ed. “We don’t have the greens
no where in the Bahamas that
we played on over there.

“Those hills were tough to
climb. That was the first time
that I had to walk up 100 feet
to get to the fairway. We just
have to find a golf course that
presents the amount of chal-
lenges that we faced to play
on before we go to another
tournament.”

B THE RAMON BAEZ
TROPHY. FOR
MID-AMATEURS
The team of Chris Harris

‘and Alex Gibson combined

for scores of 71-72-76 for a 219
total to finish tied for fifth with
the US Virgin Islands.

The Dominican Republic
also claimed that crown with
210. The OECS was second
with 215 and Trinidad was
third with 215.

@ FRANCIS/
STEELE-PERKINS CUP
FOR SENIORS
The team of Vernon Wells

and Milford ‘Shaggy’ Lock-

hart could only muster a 299

(76-73-75-75) for eighth place.
Barbados finished on top

'

with 277. Jamaica got second
with 286 and the Cayman
Islands was third with 287.

Lockhart, however, said
while they hit the ball better
than their opponents, they are
missing something which has
hampered them from moving
up the ladder.

“The physical part is not as
great as the mental part,” he
said. “I think the game is 90
per cent mental. So what we
need to do is to work more
stronger and diligently on the
mental side of the game.

“Maybe we are taking a lot

of situations for granted.

Maybe that needs to be cor-
rected. We can hit the ball,
but we just need to be more
competitive when it come
down to the mental part of
our panies

B@ THE HIGGS & HIGGS
TROPHY FOR SUPER
SENIORS
The team of Prince ‘Zorro’

Stubbs and Dr. John Mac-

Dougall shot a 226 (76-78-72)

for eighth place.

The US Virgin Islands came

" out on top with 226. Trinidad

ended up second with 216 and
Puerto Rico was third with
218.:

All Stars shine
against Chelsea

MLS All Stars' Jaime Moreno, right, looks to
a pass past Chelsea's Michael Ballack, center, and
Michael Essien during the first half of a soccer
match at Toyota Park, Saturday, Aug. 5, 2006, in
Bridgeview, Ill. The All Stars won, 1-0.

(AP Eire Nam Y. Huh)



ini

BAAA juniors train in Beijing, China

M@ TRACK AND FIELD
By KELSIE JOHNSON
Junior Sports Reporter

THE success of pre-training camps
has inspired the Bahamas Association
of Athletic Association (BAAA) to take
on a new approach for its junior pro-
gramme.

On Sunday past, the 14-member squad
landed in Beijing, China, for training for
the World Junior Championships.

The World Junior Championships are
being held in Beijing from August 15th-
20th. The Bahamas team is training at
the Regional Developmental Center
(RDC).

Team Bahamas is not the only country
to take advantage of the training camp,
they will join up with Jamaica, Trinidad
and Tobago, Barbados and Cuba.

This is the first time the Bahamas has
sent a junior team to a pre-training camp

and, according to president Mike Sands,
the new adoption by the BAAA will be
a continuous programme.

The training camp is designed to help
the athletes adapt to the country’s cli-
mate and time zone. The athletes will
also develop a bond between themselves
with the main focus being placed on
those in the relay teams.

Sands said: “I can safely say that the
team arrived in Beijing, China where
they will join in at the Regional Devel-
opmental Center, for training camp.

“The World Junior Championships is
the highlight of any junior athlete career,
the next level can only be the senior.
The juniors who are capable of making
the qualifying standards are elite ath-
letes in their category.”

Sands, who pointed out the amount
of countries that had confirmed their
participation, mentioned the large num-
ber of athletes who were able to qualify.

According to him, this is the largest
contingent the Bahamas has put togeth-
er: “Not only is the Bahamas making
history, but this is also the largest amount
of countries entered to participate.”

More than 182 countries have con-
firmed to partake in the 11th IAAF
World Junior Championships.

“Tam so excited about this pro-
gramme, and the fact that we had a num-
ber of athletes qualified,” said Sands.

“This really says something about the
future of track and field in the Bahamas.
One of the key eliminates is to develop a
bond between the athletes. What usu-
ally happens in training camp is the ath-
letes will be given an opportunity to see
their opponents instead of waiting to see
them when they line-up.”

_ Sands thanked the government for
taking full control of the financial burden
that the trip into Beijing, China, was cre-
ating.

On Thursday, the Prime Minister Per-
ry Christie along with several other
Member of Parliament presented Sands
and the BAAA with a cheque in the
amount of $85,000.

“This is the largest team to represent
the Bahamas at these games, and of
course the expense was astronomical.
So we made a plea to the government for
assistance.

“J am very pleased to say and pub-
licly thank the Prime Minister and his
cabinet.

“I also understand, in particular, that
one of our former president and present
Minister in the government, Dr

-Nottage, has assisted us by funding the

trip.
“They came to our rescue, they are

. why we are being represented in Bei-

”

jing.
The IAAF World Junior Champi-
onships is a bi-annual meet.

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. TRIBUNE SPORTS TUESDAY, AUGUST 8, 2006, PAGE 11B



Strauss century helps Engla
Teche Mt mt liet ee



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TUESDAY, AUGUST 8, 2006

SECTION.

Fax: (242) 328-2398

E-Mail: sports@100jamz.com

Sy NVAITTE
athletes face
CONCHA Nia
at World Junior
Championships

@ TRACK AND FIELD
By KELSIE
JOHNSON
Junior Sports
Reporter

THE morning session
at the 11th IAAF World
Junior Championships
will be a gruelling one
for the Bahamas, with
nine of the athletes get-
ting some action.

Competition in the
games is set to get
underway on Tuesday,
August 15th with the 100
metre dash being the
first track event for both
men and women.

The gun is expected to
fire at 9.05am, for the
first heat for men, in the
event. This will be fol-
lowed by the women’s
first heat at.10.05am.

Representing the
Bahamas in the latter
will be Sheniqua Fergu-

son, T’Shonda Webb, ©
Carl Stuart and Juan
Lewis.

Scheduled

The semi-final rounds
for the 100m are sched-"
uled for the afternoon
session...

In the 400m, which fol-
lows the heats of the
100m, Cache Armbris-
ter, Ramon Miller.and
Jameson Strachan will
take to the track hoping
to post fast times which
will secure a spot in the
semis. °

The 400m semi-final
rounds will be run on
Wednesday. ;

Also competing in the
morning session will be
Bianca Stuart, in the
women’s long jump.
Jamal Wilson will have
to put on his jumping
shoes, as the qualifica-
tion rounds for the
men’s high jump will be
the final field event for a
Bahamian athlete.

Heats

The Bahamas will field
a men’s 4x400m team
and a female 4x100m
team. The heats for
these events are set for
the morning session of
the fifth day of competi-
tion.

The 14-member.team
includes Sheniqua Fer-
guson, T'Shonda Webb,
Nivea Smith, Bianca
Stuart, Lanece Clarke,
Cache Armbrister, Carl
Stuart, Ramon Miller,
Jameson Strachan,
Jamaal Wilson, Rudon
Bastian, Juan Lewis,
Jamal Butler and Carlyle
Thompson.







@ BOXING
By BRENT STUBBS
Senior Sports Reporter

IT WAS a quick night for
Sherman ‘the Tank’ Williams
in the ring on Friday as he suc-
cessfully defended his NBA
and WBC FEDECaribe
heavyweight titles. ;

Williams, 33, caught Ameri-
can Josh Gutcher with a flurry
70 seconds into the first round
for a technical knockout in the
co-main event at the South
Coast Hotel & Casino in Las
Vegas, Nevada.

In an interview with The
Tribune on Monday, Williams
said:he wasn’t looking for the
historic knockout, but he want-
ed to teach 63 Gutcher a les-
son.

“He was trying to be a tough
guy. At the press conference,
he had a smart mouth and I
told him I was going to do my
talking in the ring and that was
what I did,” Williams reflected.

Right from when the bell

sounded, Williams said Gutch-

er,came out as, the aggressor
with his jab. But Williams said,
after he cut off the ring rope
and landed an overhand right

and a left hook, that signalled .

the end for Gutcher.

- Knockout

“That was the quickest
knockout I’ve had to date,”
Williams proclaimed. “I made
history with two title defences
with a knockout. Seventy sec-
onds. I don’t think it could get
any better than that.”.

Williams, a Grand Bahama "

native fighting out of Florida
under Silver Hawks Promo-
tions, defended the NBA
Heavyweight title that he won
over David Washington on
March 31.

It was also his first defence
of the FEDECaribe title that
he won, on December 6 over
Miguel Otero at the Kendal
Isaacs Gymnasium..-

“It feels great. To be hon-
est with you, I really worked
hard,” said Williams as he con-
tinued to celebrate his latest
achievement. “I was.supposed
to fight on June 29, but that
fight was postponed.

“But what I did, despite the
postponement, was to contin-
ue training. I went to Ham-
burg, Germany in a sparring
session and I trained hard
there. This was just the benefit
of the hard work that I put in.”

But what Williams enjoyed
the most was where he actual-
ly won - on the big stage in
Las Vegas.

“Everybody was there,” he

admitted. “All the boxing writ- °

ers, all the big people in boxing
were there. So I was seen by

fast at Subway...
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the right crowd. That’s the
thing that I relish the most
right now.

“I went in there and totally
destroyed Josh Gutcher and I
did it in style with a first round
knockout over the who’s who
in boxing. I couldn’t ask for a

‘better performance.”

Williams said he intends to
take the rest of the week off to
recuperate and enjoy his suc-
cess. ;








‘But he doesn’t intend to rest
to long on his laurels because if

' the opportunity presents itself

for him to fight again
next month, he will be pre-
pared to step back into the
ring.

“[’m just waiting to sit down
with my management team
and decide where I will go
from here,” he charged.
“Hopefully before the year is
out, I will be in the ring with a

@ SHERMAN ‘THE TANK’ WILLIAMS -

(FILE Photo)

top ten fighter or even fight
for a major international title.

“Silver Hawk Promotions is
still talking about the Mike

‘Tyson fight. His problem is

getting a licence. But if that
comes through, I’m sure that I
will be ready for that challenge
as well.”

In the meantime, Williams
said whatever comes up, he
will be ready to go back into
the ring because, on Friday





night, he only needed 70sec-:

onds to get a workout.



in seventy seconds

“I’m satisfied with the way: -

my team is handling my career
right now,” he insisted.

“In one year, we have _
wracked up six victories, two’ -

by knockout and I won the

NBA title with a third round ©

knockout and here I am
defending that title and the
FEDECaribe with a knock-
out.” :





Full Text


EBURGER” rm tovie it. |

89F
75F

SHOWERS,
FSTORMS







. The Tribune



The Miami Herald

BAHAMAS EDITION

, UESDAY, AUGUST 8, 2006









Policeman in hospital

a alter plain-clothes mix-up |

OFFICERS of the Central
Detective Unit are investigat-
. ing a debacle in Grand Bahama
- that resulted in an officer being
hospitalised after two plain-
clothes police officers fired on
one another .

At about 5.10am on Monday,
Grand Bahama police officers
responded to reports of a dis-
pute involving two women that
occurred in front of Club
Amnesia on East Mall Drive.

While dealing with that dis-

pute, the piain-clothes officers, '

who are attached to the:CDU in
_ Grand Bahama, heard gunshots
being fired in the club’s parking
lot where a large crowd had
assembled.

According to reports, ‘the two
officers shortly afterwards
observed a man running

towards the Royal Islander |

* Hotel with a.gun in his hand.
One of the officers pursued the
suspect on foot.

Meanwhile Sherico Far-
quharson, an officer from the
New Providence district, who

sereseteeeeee renter teeters eerie hisses) te beisbessbasehiveassh Gab ddgteseusvcausidsdsatbonss atnaaioe :

was on the island assisting with
duties at the Junkanoo parade,
came onto the scene and mis-
took the CDU officer who was
running with his service weapon
drawn, for a suspect, and sub-
sequently opened fire on him.

Another Grand Bahama
CDU officer saw Mr Farquhar-
son, who was also iin plain
clothes, firing on his partner and
not recognising him as a fellow
officer, began shooting, hitting
the New
his right side.

The injured officer was
rushed to the Rand Memorial
Hospital where at press time he
was listed in stable condition.

The Grand Bahama CDU

. officer was not injured during

the incident.

During the initial shooting
incident, 32-year-old Glen-Roy
Rolle of Mayfield Park, who
was standing in the club’s park-
ing lot at the time, sustained a
gunshot wound to his right arm
by the suspect who fled the
scene on foot.

Two dead in traffic accidents

fi By KARIN HERIG
- Tribune Staff Reporter



‘TWO people died over the long Emancipation holiday weekend
in. traffic accidents with one man left fighting for his life when his
vehicle, which was being chased by police, overturned.

The deaths of a 31-year-old man from New Providence and a 22-—

year-old North Andros man bring the eee of traffic fatalities for

-. the year up.to 31.

The weekend’s first fatality occurred at 1am on Sunday on Bal-

’ iou Hill Road when a woman lost control of her vehicle, which col-
lided with a truck head-on, killing one of the car’s passengers.

Press liaison officer Inspector Walter Evans told The Tribune yes-

SEE page 14
















Providence olficer:in



Ce wulemcomeo(aie ros cepa eel er NY

ll A PARTICIPANT in the Junkanoo rush-out during the ‘George Mackey Fox Hill
Festival’ yesterday. Members of the Fox Hill community turned out in numbers at the event
to commemorate Hnacpaton Day. ° SEE PAGE 11

(Photo: Patrick Hanna)



Fishermen
‘are facing —
financial ruin’

@ By KARIN HERIG
Tribune Staff Reporter

- BAHAMIAN fishermen are
facing financial ruin because of
the country’s over-fished waters,
with some telling The Tribune
that many are at risk of being
unable to meet mortgages and
pay for the education of their
children.

With a high number of
Bahamian fishermen fighting
for their livelihoods, Fisheries

vand, Agriculture Minister Leslie
Miller is now calling for the
immediate amendment to the
sports fishing regulations to bet-
ter protect local fishermen.

Speaking with The Tribune
over the weekend, several craw-
fish fishermen from Abaco said
that with the waters being so
over-fished, they'can no longer
capture enough fish to sustain
them financially.:

Mr Miller said yesterday that
a similar scenario can be found
throughout the,Family Islands.

“It is an atrocity. We have
laws in place that are supposed
to protect our loéal fishermen,
but those laws ‘haven’t been
looked at in-20 years. Our
waters are over-fished, and the
biggest contributor to that is the
foreign sports fisher,” he said.

Mr Miller explained that in
1986 some $3 million tourists
visited the. Bahamas. annually,
now that number is up to $5
million. ,

“Tn addition to that, we have

_ mew marinas springing up all

. over the place, so we are attract-

ing a lot more sports fishermen
from Florida,” he said.

’ Under the current law, he

said, sports fishermen are

SEE page 14

| Figures show huge trade deficit in Bahamas

@ By RUPERT MISSICK Jr
Chief Reporter



IMPORTS into the Bahamas totalled
some $2.5 billion, while the country’s
exports are a meagre estimate of more

‘than $200 milllion, according to the lat-

est report of the Department of Statis-
tics on foreign trade figures.

Because the Bahamas is for the most
part an importing country with very lit-
tle domestic export, the balance of trade
(which is‘simply total exports minus
total imports) continues. to result in a
deficit.

The 2002 deficit in merchandise trade
— $1,449.7 billion was the lowest deficit
recorded for the five year period 2001-
2005. .

The 2003 deficit — $1,509.3 billion
was the second lowest for the same peri-
od. Conversely,
$2:116,320 million for 2005 was the
highest for the same period.

This report presents data on the vol-
ume and nature of trade between the
Bahamas and its trading partners.

Preliminary estimates show that
machinery and transport equipment

continued to be the largest contributor -



the trade deficit

to the Bahamas’ imports, totalling some
$567 million (or 22 per cent of all
imports), followed closely by the cate-
gory of mineral fuels which accounted

‘for nearly 20 per cent or $508 million.

The increase in this category, how-
ever, was due mostly to the significant
increase in the oil prices and not so
much an increase in the quantity.

Other categories worth mentioning
in terms of their value are the cate-
gories of manufactured goods (such as
wood, metal, steel or other construc-

_SEE page 14



Protects Mian Nourishes’

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PAGE 2, TUESDAY, AUGUST 8, 2006

Li i! a

the

n a‘letter published i in The Tri-

bune last month, Cynthia
Daley took issue with me on a num-
ber of things including my objection
to the attempt by Prime Minister
Perry Christie to have Health Min-
ister Dr. Bernard Nottage address
the House of Assembly in session.

I reject Ms Daley’s criticism on
that point because the separation of
the two houses of parliament is well-
established by law and convention
and it would have been wrong, even
if the Opposition had given its con-
sent, for a Minister of Government
sitting in the Senate to address the
elected chamber in. session.

If Ms Daley were a regular reader
of this column she would know that
I do not hesitate to: criticize both
political parties on issues which go
beyond partisan politics and have to
do with the system itself.

For instance, I have repeatedly
criticized both parties for down-
grading the Senate by using it as a.
training ground and showcase for
political novices rather than the
mature upper chamber it was intend-
ed to be. :

I agree with Ms Daley that it was
regrettable Governor General Sir
Clifford Darling did not open the
first session of parliament after the
FNM ’s victory in 1992.

The office of Governor General
should be above partisan politics and
should be a symbol of unity for the
nation. All of the Bahamians who
have so far occupied that office —
from Sir Milo Butler to Arthur Han-
na — have done the nation proud
in this respect.

s Daley mentioned that for-

mer Speaker Italia Johnson

left the Chair on two occasions to

speak from the floor of the House of

Assembly. I recall only one other occa-

sion when that was done — by Speak-

er Sir Alvin Braynen some 30 years
ago.

Even though there does not -seem-to

be any rule against it, Ms Daley was

quite right to say it should not-be done. ©

It is a well-established convention, and

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May’s (Erskine May’s Parliamentary
Practice) makes it clear that the Speak-
er should never address the House
from the floor. That, obviously, is to
maintain the a a of the Speak-
er.

Ms Daley secased me of taking “a
mean-spirited swipe” at Speaker
Oswald Ingraham. That is an accusa-
tion I totally reject. I have criticized
Speaker Ingraham on several occa-
sions but I have never been mean-spir-

ited towards him.

On the contrary, I have been careful

" to avoid disparaging characterizations

where Mr. Ingraham is concerned



because he is a fine gentleman
. whom I hold in high regard. But it is
clear that he is not suited to be

and to have him in that position is
unfair to him, to the House and to
the country.

Any fair-minded person watch-
ing the proceedings of the House
as late as last week would have to
come to the same conclusion. Mr.
Ingraham is not to be blamed for
this; the blame must be put at the
feet of Prime Minister Perry Christie
and his colleagues for this sad state
of affairs.

opened last Wednesday’s session
was again allowed to break one of

standing inside the bar on the green
carpet during the scripture reading
and prayers.

Only members of the House and
the officers who serve them are
allowed on the green carpet.. Every
Speaker in the past has jealously
protected this convention. The chap-

should instruct him.

sek seek

some people, but the rules,
conventions, rituals, ceremonies,
manners and niceties of a society

important.
An Australian jurist ‘said many

years ago that before we dispense
with a particular ritual we should

first examine what value it protects.

Mindlessly discarding rituals and man- .

ners will make the values they protect
vulnerable to destructive influences.
We see this all around us today as the
abandonment of manners leads to loss

of respect, and loss of respect leads to’.
contempt for the rights.of others, and.

contempt leads to outright criminality.

* * *

he rules.and conventions gov-
erning the institutions of the

Correction on
COB lecturer

_ The Tribune headline article ‘Election on Sir Lynden’s
Birthday?’ printed on August 4 incorrectly referred to
. Felix Bethel as a former government politics lecturer at
‘the College. of the Bahamas. Mr Bethel Cuan holds
that position at us jealleze:




Speaker of the House of Assembly |

Incidentally, the chaplain who .

the conventions of the House by -

lain is not to blame;.the-Speaker »

‘t may seem like nit-picking to.

and its institutions are extremely.

state. are indispensable to the preser-
vation of those institutions and to the
orderly conduct of the affairs of state.
When they are abused with impunity,
deleterious effects on the body politic

follow with almost mathematical cer-

tainty.

The present administration has noto-
riously neglected and abused these con-
ventions, and the leading serial abuser

of cabinet government conventions is.

Minister of Agriculture and Marine
Resources Leslie Miller, aided and

abetted by a primé minister who lets »

him get away with it.

Minister Miller has repeatedly shat-_

tered cabinet conventions, primarily
in his shameless advocacy of the LNG
project and numerous predictions
about what the cabinet was going to
do and when. His relentless public



“The rules and

conventions governing

the institutions of the

state are indispensable -

to the preservation of

those institutions and °

to the orderly conduct
of the affairs of state.

pressure on. cabinet colleagues has.’
been unprecedented in the 43-year his-
tory of Bahamian cabinet government.
.. Itis a cardinal sin for a minister to go
to. the public to curry favour at the
expense of his cabinet colleagues and.

the principle of collective responsibil-
ity. Yet Mr Miller continues to put his

colleagues on the spot by openly advo-.’.

‘cating policies and positions which.

“colleagues for not looking after the
‘interests of the people. That is.an intol-
“erable situation and it is astonishing -

have not been settled by cabinet.

rt Miller was obviously, and
; rightly, peeved when Attor-

- ney General Allyson Maynard Gibson
made a statement about the LNG









THE TRIBUNE '

If somebody does not resign —
lot of them are spineless

affair, a matter for which he has min-
isterial responsibility. Questioned bya
Guardian reporter he snapped, “Ask
Allyson Gibson. It has nothing to do
with me.’

But in the next breath Mr. Miller
launched a blistering attack ona g Ve
ernment corporation which lies in

-another minister’s portfolio. In a
‘brazen breach of collective responsi-
‘bility and a shocking display of dema-

goguery, Mr. Miller accused the
Bahamas Electricity Corporation of
profiteering on the backs. of the
Bahamian people.

Mr Miller, according to The Jour-
nal, demanded that BEC absorb losses

occasionally tu give ordinary Bahami- -

ans a break. “And I’m demanding that
they do so. Let them take some losses!

“When times are tough, each one of
us in society should bear some. of the
burden that is placed upon us. I do not
believe that BEC should ‘simply. ‘pass

that burden on to the people of the

Bahamas. Therefore it’s profiteering.”
.That was an:attack not only on the

‘corporation but on the Minister:who

has responsibility for relations with
that corporation and it was an attack
on the cabinet of which Mr Mill risa
member.

‘The responsible Minister has ah
put in the embarrassing position of
having to defend his portfolio not from
attack by the Opposition nor even:by a
PLP backbencher but from one of his
own cabinet colleagues. He ‘should
demand Mr. Miller’s resignation, and



failing that he should himself resign:

he place for Mr Miller to have

te "made this charge and. any ‘pol-:
icy suggestions to rectify it, if he‘is sin-

cere, is. around the cabinet table,
nowhere clse. BEC is-wholly 0



- by the Government of the Baham Ss.

“If the cabinet, for whatever reasons,
is unable to do what Mr: Miller says, ‘he
can go back to the public and blame his

that Prime Minister Christie has

allowed it:to obtain for | more than a.
Mdayehiee ES

Mr Miller is an intelligent man ‘anil
he knows exactly what-he is doing. The
principles of collective responsibility

_ should be understood by all citizens, by
‘all members of parliament and cer-

_ tainly by all those who sit in cabinet.

These principles are encapsulated in

the government’s Manual of Cabinet
-and Ministry Procedure which is avail-
cable to all on the internet.

“If Mr Miller is allowed to get away
with this, the public will have no choice
but to conclude that Mr Christie“and
his cabinet colleagues either do not
care or that they are simply too 1 Aene:
less to do something about. it..





www.bahanidpundit. cpp :
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-THE TRIBUNE








arrested by
police after
robbery

POLICE in Grand Bahama
arrested a 20-year-old male for
questioning in an armed rob-
bery that took place over the
weekend.

The proprietor of Doc’s
Conch Stand at the Four Way
Plaza on Pioneers Way and
West Atlantic Drive reported
that he was robbed Saturday at
11 pm by two dark males,
dressed in dark clothing and

wearing masks.

They were armed with hand-
guns and demanded cash from
the victim who handed the cash
box with the cash to them.

The two men than escaped in
a westerly direction.

US team
to monitor
elections
in Guyana

fm GUYANA
Georgetown

A TEAM from the U.S-
based Carter Center will moni-
tor this month’s election in
Guyana, where national votes
are often marked by bloodshed,
officials said Sunday, according
to Associated Press.

The center, led by former US
President Jimmy Carter, will
send observers to the South

- American nation as it has done
in the last three national elec-
tions, said Guyanese presiden-
tial spokesman Robert Persaud.
It wasn’t clear how many mon-
itors the center would send.

‘A 60-person international
mission funded by the United
States, Canada, Chile, Brazil,
Mexico and Japan will also

- work with two monitors from

’ the Organization of American
States.

The election for Guyana’s
presidency, 65 legislative seats

-, and various regional adminis-
tration posts is scheduled for
' August 28. The, vote was post-

poned for about a month to give
officials more time to remove
the names of thousands of dead
and missing people from the
voter rolls, train poll workers
‘and make other preparations.
The contest is expected to be

a fight between the East Indian-
dominated People’s Progressive

'. Party, which is seeking its fourth

consecutive five-year term, and

the Afro-Guyanese People’s

National Congress.



Fertilizer, Fungicide,
a XY OO TI R US







ter Cr es

aL







Fisheries told of
_ theft of green

turtle nests

THE Abaco Office of The
Bahamas Department of Fish-
eries has been informed of the
theft of two green turtle nests
on Guana Cay.

The nests were robbed of
their eggs, most likely by a per-
son or persons entering the
beach by boat. The eggs were
probably eaten, a practice that
was once widespread in The
Bahamas. Experts now say that
this practice has significantly
contributed to the decline in
worldwide turtle populations.

While conducting daily sur-
veys of the beach, Baker’s Bay
staff observed turtle hatchling
tracks in the vicinity of a
known turtle nest site. Closer
inspection of the nest revealed
that there were other hatch-
lings in the nest still fighting to
reach the surface. Hatchlings
were removed from the nest
and placed on the sand. They

_all made a beeline for the sea.

“It felt like National Geo-
graphic in my backyard,”
Aretha Huyler, the Baker’s
Bay employee who originally
found the turtle nest, said.

“Our efforts to protect the
nest while the eggs were devel-
oping have paid off,” she added.

The Abaco Office of The
Bahamas Department of Fish-

eries was also notified of the
turtle nesting activity at Bak-
er’s Bay. :

Concern

Fisheries was happy to know
that turtles were still nesting
on the beaches of Guana Cay,
but were concerned about the
theft of th’ two nests.

Earlier this year Shenique
Albury, Environmental Man-
ager, and Aretha Huyler, Envi-

ronmental Monitoring Officer,

discovered turtle tracks and a
nest on the Atlantic beach of
Baker’s Bay.

Based on the tracks it was
determined that a loggerhead
turtle had nested the night
before. The nest was incon-
spicuously marked and all Bak-
er’s Bay staff provided with
guidelines on what they could
do to ensure the nest’s protec-
tion.

In addition, on-site environ-
mental staff continued daily
monitoring of the beach to
detect when hatchlings might
emerge fromthe nest.

Since this first discovery, sev-
en other sets of turtle tracks

‘have been seen on beaches at

Baker’s Bay. It is not unusual

for female turtles to “crawl”
or come onto the beach and
return to the sea without nest-
ing. Three sets of tracks had
no evidence of nesting and are
believed to have just been tur-
tle crawls.

Last Thursday approximate-
ly 110 turtles hatched from a
turtle nest on the Atlantic
beach of the Baker’s Bay Golf
and Ocean Club.

This event marked the first
documented successful turtle
nesting and hatching at Bak-
er’s Bay for the current turtle
nesting season.

As a part of its Environ-
mental Monitoring Plan, Bak-
er’s Bay has been monitoring
turtle nesting activity on beach-
es surrounding the property.
Baker’s Bay decided to moni-
tor turtles nesting activities in
order to protect the species
because all species of turtles
found in The Bahamas are
considered to be endangered.

‘Further, the beaches of
Great Guana Cay, including
those at Baker’s Bay, have his-
torically.been known as turtle
nesting beaches. Baker’s Bay
management believed it was
important to ensure maximum
protection of this sensitive
resource on its property.

‘

'

TUESDAY, AUGUST 8, 2006, PAGE 3

syndicated Content



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halks still not authorised
for flights in Bahamas

THE Department of Civil Aviation moved
quickly yesterday to quash recent reports in the
media that Chalks Ocean Airways had been
authorised by the department to commence
flight operations to the Bahamas.

It further stated that it has been advised that
the United States Department of Transportation
is presently carrying oul a fitness review of
Chalk’s to conduct business as a commuter ser-
vice.

This process has not been completed.

Because of this, Chalks International Airlines
is not authorised to conduct flights to and from
The Bahamas at this time. :

On December 19, 2005, Chalk’s Ocean Air-
‘ways Flight 101.from Watson Island to Bimini
crashed off Miami Beach, Florida.

Witnesses said they saw smoke billowing
from the plane before it exploded, with the right
wing separating as the aircraft plunged into the
ocean.

Twenty people — 18 passengers and two
pilots — were on board. The Coast Guard recov-
ered 19 bodies initially, then two Miami-Dade
firefighters fishing on their day off found the
20th victim on Friday, December 23. ,

Investigators later identified cracks in th
main support beam connecting the wing to the
fuselage.

The plane was a Grumman G-73T Turbine
Mallard registration N 2969; manufactured in
1947. It was the first fatal passenger accident
for Chalk’s Ocean Airways.

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It ceased operations for three years due to
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PAGE 4, TUESDAY, AUGUST 8, 2006 THE TRIBUNE

EDITORIAL/LETTERS TO THE EDITOR

The Tabunetimied | Political party —
promoting —
Christian values |



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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

EDITOR, The Tribune. Christian values are simply

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

TELEPHONES
Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398

Marquis gets thanks from reporter

IN ANCIENT ATHENS they fed him
hemlock to make him disappear. This was
Socrates the so-called corrupter of Athen-
ian youth. In the modern-day Bahamas the
new hemlock is the marching orders of Immi-
gration. It’s effect is as lethal — it can make
an undesirable disappear almost as efficient-
ly ... or so they think.

It has been suggested that Tribune Man-

\

path. She had difficulties. Daily deadline
pressures almost defeated her. But it was Mr

Marquis who showed her that success in jour-

nalism has many paths— paths where pres-
sure deadlines can be avoided. .
On leaving she made a special presentation
to him. In a letter she expressed her gratitude.
“As I reflect on my short journey as a full-
time journalist at The Tribune,” she said in

THE Bahamas is sup-
posed to develop as a Chris-
tian nation. Our Constitu-
tion refers to us as a Christ-
ian nation in its preamble.

‘This at least indicates that

our role models in all areas
at the national level should
exhibit and promote Christ-
ian values. This speaks not
only to tolerance and for-
giveness but also to holding
up as desirable the best
virtues, Christian virtues.
We cannot continue to

. pretend to be a Christian

nation if our leaders seek to
put alternative lifestyles as
equal to Christian marriage.
Nor can we pretend to be,a
Christian nation if we wel-
come abortionists as leaders

‘of this country.

Our society was built on

egw eaS

letters@tribunemedia.net



learning schools for the per-
version of our young peo-
ple!
There is no substitute for
the Christian family, and
persons who think or act
otherwise are not fitting role
models for what we are
developing under our con-
stitution, a Christian nation.

The Bahamian National’

Party will ensure that the
union of a man and a
woman is preserved as mar-
riage by passing a specific
law preserving the word
marriage exclusively for this
union. That way there will
be no way that those of
Sodom and Gomorrah who

the best.
We are a political party

-under the constitution of the.

Bahamas, building a Christ-
ian nation and promoting
Christian values for which
we make no excuse, but
boldly declare this fact. Per- .
sons who do not support us
because we espouse Christ-
ian values are entitled to act |
as they see fit. It is Christian

values which have brought ©

us this far, and we are con- -

fident that we are on the

right side in taking this
stand.

The Bahamian National
Party is a Christian party.
and will not knowingly put
forward persons who wish

‘to place alternative lifestyles

as equal to Christian
lifestyles.

aging Editor John Marquis be given 21 days part, “it is evident that if it were not for per- the Christian family as the want to elevate these alter- DR DEXTER
to pack his bags and disappear from the sons like you, I probably would have thrown ideal unit of development. native lifestyles to that of JOHNSON
Bahamas. This way, a few politicians reason, in the towel.” To now suggest that les- Christian marriage will be Leader,

they will be protecting the Bahamas against a
corrupter of young journalists.

As the John Marquis saga continues, the

thought patterns of these political relics of the
past become even more intriguing — and
their abysmal ignorance of the daily working
of an independent newsroom is even more
appalling.

We shall now see who really heads this
country as the protector of the people’s free-
doms, especially the freedom of speech and
thought — Prime Minister Perry Christie or
those behind the so-called Fred Mitchell web-
site.

Do they really believe that by ordering Mr
Marquis to leave the Bahamas they will be
silencing his pen? As we said in this column
last week, any one of us at The Tribune, both
editor and reporter, can sit anywhere in the
world and turn in the same daily reports, and

the reader would see no différence in thé"

product. That’s how seamless is today’s tech-
nology. i

When The Tribune’s year-old journalism
school was closed under the Pindling admin-
istration for want of a journalism lecturer,
aspiring Bahamian journalists suffered more
than The Tribune. We could take no one in
for training — and so for a period, there was

no journalism training at The Tribune. The -

profession today still suffers from that hiatus.
If Mr Marquis leaves The Tribune, it will

be the young staff who suffer, not our readers

for whom he will have more time to write.

’ As one of our young Bahamian editors

remarked last week: “Often I question some

of the people brought into this newsroom by

Mr Marquis, but’ Mr Marquis sees a spark . °

“As a cub reporter, at a small paper in a
small country, there were numerous chal-
lenges I had to face on a daily basis. I was try-
ing to meet my deadlines and make sure I got
the facts right. It was rough, Mr Marquis,
but the road was made a little smoother after
you gave me a little pep talk in your office.

“T really appreciated you sharing your tri-
als when you were in my shoes. It seemed to
quiet the storm which was roaring inside me.
I thank you for relating your stories as a cub
reporter, because most of the time persons in
high positions tend to forget from whence
they came. They pretend like they never had
to go over hurdles before reaching the top.
However, Mr Marquis, I could always count
on you to give a few words of encourage-
ment.

“Earlier this year, I almost gave up on my
dream, but after you met with my mother,
and she told me you said that I was ‘seventy-
five per cent of the way there,’ I’ decided to
hold.on and rekindled my desire to become a

world-class journalist.” And so the letter con-'

tinues: It was written long before anyone
knew that Mr Marquis was having difficulty
with his work permit.

Every young person who walks through
our newsroom door is a potential editor.
Some make it, some don’t. Some stay, some
don’t.

In our newsroom there are many Bahami-
ans in various stages of training. This is a
profession that'takes many years to acquire
the skills and necessary experience as the
cub reporter moves through the ranks in his
climb to the top.

An editor is not born at the top. He comes

* from the bottom Tung of the reporters’ pool

bian and homosexual unions
are equal to the traditional
one man one woman mar-
riage is not Christian nor is
it a desirable model to fol-
low.

In order to remove any
doubt as to the position of
the Bahamian National Par-
ty we have placed in our
platform expressly that we
follow and endorse Christ-
ian values only.

Every person is free to do
as he or she chooses, how-
ever we choose not to
endorse behaviour con-
demned by the Holy Bible.
We will speak out, against
Sodom and Gomorrah!

. The Bahamian people vot-

_ed for this government, but

how many of these same
voters trust these so-called
“leaders” with their chil-
dren. I certainly do not!
There is too much appear-

_ance of Sodom and Gomor-

rah in this government than
what one can point to as

‘ representative of Bahamian

traditional Christian values.

It is no fair exchange to
trumpet illusory material
gains, but to preside over
the moral destruction of our

able to succeed.

This political party, the
Bahamian National Party is
not against any person or
group, however some values
are superior to others and

The Bahamian
National Party,
The Bahamas
for Bahamians.
Nassau,

July 20, 2006.

Slow down
and you could
save a life

EDITOR, The Tribune

THIS letter is directed to the person who skidded 20 feet on -_ -
Saturday at 9:00 p.m. in BLAIR, and hit me. My master took me’ -
to the vet and I need an operation and may never walk the same
again.

Please slow down you could save your own life or that of
another human being. ,

I was naughty for opening the gate on my own, but you were _

that we don’t see, and it’s Mr Marquis who country. : ag !
brings out that spark.” after many years of struggle. We have “educated” per- speeding.
Several weeks ago one of these young per- And so, although we do much training at sons who have allowed their Sign me,

- sons left for university to continue her jour-
nalism career. She had been at The Tribune
a year and 10 months. She was there to decide
whether journalism was in fact her career

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THE TRIBUNE

4



In brief

Police
investigate
string of
robberies

POLICE are investigating a
string of armed robberies which
they believe were committed by
the same two men over the

' Emancipation weekend.

According to. reports, two
men — one armed with a hand-
gun, the other with a shotgun —
are suspected of committing
-three armed robberies between
3am and 4am on Sunday.
' Press liaison officer Inspec-
tor Walter Evans said that the
‘two men, both wearing black
clothing, first robbed a man in
‘the Churchill subdivision, off
‘Soldier Road.

“They approached a resident

- “who had just arrived home, and

forced him into his house where
‘they robbed him of cash. They
‘also robbed one of his room-

_ mates before they fled on foot

in a southern direction,” he said.
+ The same two men are sus-
pected of robbing a man in the
«Garden Hills area.
“The man had just arrived
shome, he was dropped off by a
friend. The two men robbed
-both the resident and the dri-
ver of cash, before once again
‘fleeing on foot,” he said.

A short, time after, eye wit-
nesses reported seeing two men,
fitting the same description of
the two suspected armed rob-
bers, in the Grove area.

“The suspects robbed two
young men —a 21 year old anda
20 year old — who were fixing
their car in the Grove. They

. robbed the men of a wrist watch
and a large sum of cash,” Mr
’ Evans said.

Police are asking persons with _

information to come forward.
Haitian
immigrants

found off
Andros

A GROUP of 28 Haitian
immigrants was picked up over
the weekend in South Andros.

South Andros police, led by
Inspector Sidney Rolle, on Sun-
day at 2am apprehended 24
men and four women in the
area of High Point.

Police believe that the group
was dropped off by a boat along

. the coast between Mars Bay

-.*and Pleasant Bay.

Tue Haitians, said to be in
good health, were later turned
. over to immigration officials.

‘Four hybrid

a
5

-. buses on the

streets in
Puerto Rico

‘@ PUERTO RICO.
San Juan

FOUR hybrid buses will

, begin ferrying passengers
» around Puerto Rico’s capitol

!
\
|
\
|
|
{

' starting Monday in a bid,to

reduce fuel costs and emissions,
the bus authority chief said,

| according to Associated Press.

The gasoline-electric buses —

| which cost US$2 million — are

part of a pilot project to evalu-

, ate the new technology.

i
)

The buses use up to less than
40 per cent of the fuel used by
those that are non-hybrid.

keR ls

TUESDAY,
AUGUST 8TH





























6:00 Community page
H 11:00 Immediate Response (Live)
noon News Update

Immediate Response (Cont'd)
Island Life Destinations
N-Contrast

Bullwinkle & His Friend

The Fun Farm

Durone Hepburn

Ernest Leonard-The Word
Dennis The Menace
Carmen San Diego

4:58 ZNS News Update
5:00 The Envy Life

5:30 Andiamo

6:00 One Cubed

6:30 News Night 13

7:00 The Bahamas Tonight

Eleuthera Seawalls
Island Lifestyles

Da’ Down Home Show
Cariboean Newsline
News Night 13

The Bahamas Tonight
Immediate Response
Community Page

) NOTE: ZNS-TV 13 reserves the
right to: make last minute
Pa ysele lec alu changes!

THE FNM criticised Prime Minister
Christie, yesterday, for being incapable
of controlling the behaviour of his min-
isters.

The opposition, in a statement
released on their website, called Mr
Christie an “indecisive prime minister”
who has proven to be incapable of
bringing order to his “motley crew of
ministers who each continue to march to
the tune of their own personal drum-
mer”. sia

Mr Christie’s performance in office,
the FNM said, is hindered by bicker-
ing, self-serving ministers and others
around him.

“These ministers were personally
selected by the Prime Minister and they
and other politically appointed advis-
ers serve at the Prime Minister’s plea-
sure. If they are messing up it is for him
to remove them and not permit them to
continue receiving money from the pub-
lic purse for work they do not perform,”
the FNM said.

The prime minister’s inability to coor-
dinate government business has

Christian Council chairman appeals for peace

DR WILLIAM Thomp-
son, President of the
Bahamas Christian Council,
is appealing to the combat-
ants in the armed conflict in
the Middle East to immedi-
ately agree to a cease fire,

TUESDAY, AUGUST 8, 2006, PAGE 5

PM accused of being ‘indecisive’
after comments by Miller and Bethel



“exposed the depth of confusion, dis-
unity and division within the PLP and
explains the failure of the PLP Gov-

ernment to deliver for the Bahamian

people.”

“During the budget debate the Min-
ister responsible for Education, Science
and Technology quarrelled with the

- Minister responsible for public works

about who is responsible for the delay in
school repairs.

“Last week Bahamians learned that
bickering continues at Cabinet level
where the Attorney General, Allyson
Maynard Gibson, continues to promote

the interests of her former clients, AES,

in their application to the government to
operate an LNG regasification plant at
Ocean Cay,” the FNM said.



Copyrighted Matera

The party also pointed to Leslie
Miller’s attack on BEC accusing the
government-owned public corporation
of “profiteering...on the backs of
Bahamians” — something that he
branded “unjust” — and he called on
the press to demand explanations from
BEC. :

The Minister for Energy and the
Environment, Dr Marcus Bethel,
answered his colleague — also in the
press — supporting BEC and assuring
the public that the fuel surcharge was
not profiting the corporation.

“What Dr Bethel did not say was
whether he would join his colleague
minister in identifying some relief for
electricity consumers. Do these two gen-
tlemen sit in the same cabinet room at



FNM’s attack on Christie for
not controlling his Cabinet

the same cabinet meetings? It is inter-
esting that both of them are resorting to
the press to promote their varying view-
points, especially since the governing
party has been anything but friendly
toward the press in recent months,” the
FNM said.

The party said that the bickering
among governing party members con-
tinued with the Minister of Tourism,
whose constituency lies partly in Grand
Bahama who has been criticised by oth-
ers in his party for his defence of the
Grand Bahama Port Authority’s right to
make its own management decisions.

“And while the Prime Minister has
not come to Minister Wilchombe’s
defence nor sought to temper the out-
bursts by the outspoken senator against
the Port Authority, he did not permit
the management shake-up at the port to
stop his attendance at a special birthday
celebration for Sir Jack Hayward, host-
ed by Lady Henrietta St.George. Per-
haps he felt covered by the attendance
by the leader of the opposition,” the
FNM said.

William Thompson calls
for ceasefire in Lebanon



thus preventing further loss
of life and injuries, especial-
ly to civilians.

In a statement released
over the weekend,-Dr
Thompson expressed deep
shock and great sadness at
the terrible loss of life and
property in that embattled
area and the displacement
of millions of people.

“It is very unfortunate tha
mankind, all children of
God, are not able to resolve
their differences without
resorting to violence, may-
hem and disaster,” said Dr
Thompson.

leaders in the region and the
world to use whatever influ-
ence they might have to
bring about an immediate
cessation to the carnage that
is taking place.

Dr Thompson’s statement
called upon.all Bahamians
to pray diligently for peace in
this very troubled region of
the world, believing that
God is able to do what may
seem impossible.

According to VOA News,
Arab League foreign minis-
ters held an emergency
meeting in Beirut late yes-
terday to discuss the Israeli
offensive in Lebanon against
Hezbollah militants, who
have been firing rockets into
Israel.

The violence was triggered
27 days ago, when Hezbollah
fighters kidnapped two Israeli
soldiers during a raid into
northern Israel. Lebanese
Prime Minister Fouad Sinio-

_ ra made an emotional plea
to Arab ministers to help end
the conflict.

Wiping tears from his
eyes, Lebanese Prime Min-
ister Fouad Siniora appealed
to Arab foreign ministers to
-help stop the conflict that, in
his words, is cutting Lebanon
to pieces, VOA reported.

The Lebanese government
has complained that the





syndicated Content
"ee
Available from Commercial News Providers



Several dozen Lebanese were
also killed in a new wave of
Israeli air strikes across the
country Monday, raising the
death toll to nearly 1,000, and
the prime minister expressed
his frustration about the civil-
ian casualties.

“I urge every man, every
woman in the world — of all the
peace loving nations — to see
what crimes Israel is commit-
ting against Lebanon,” said Mr.

. Siniora, “and to cry, to stand up,

ate this anymore. This should
be stopped and stopped now.
This is unacceptable.”

Meanwhile, in a possible sign
of expanded military opera-
tions, Israel warned Lebanese
who live south of the Litani Riv-.
er not to go outdoors after 10
pm local time .

The Litani flows alongside
the southern region that is a
stronghold of Hezbollah mili-
tants who have been firing rock-
ets from there into northern

- He also’appealed to-all

draft resolution sponsored by
the United States and France
does not go far enough. He
appealed to Arab states to use
their influence to win changes to
the draft.

The Lebanese plan calls for,
among other things, an imme-
diate cease-fire, the withdrawal
of Israeli forces. from Lebanon,
and the expansion of the exist-
ing U.N. peacekeeping force in
the area, as well as the deploy-
ment of the Lebanese army to
the border and the disarming
of Hezbollah.

Late Monday evening,
Lebanese officials said the Cab-
inet unanimously approved a
plan to send 15,000 soldiers to

south Lebanon as soon as
Israeli troops withdraw.

Mr Siniora said the Arab
League agreed to immediately
dispatch a delegation to the
United Nations to participate
in a debate Tuesday regarding
possible amendments to the
draft resolution.

Just hours before the Arab
League ministers arrived at
Beirut’s damaged and shuttered
airport, Israeli airstrikes rocked
the Lebanese. capital. The
airstrikes resumed briefly after

the ministers left.

Lebanese television carried
pictures of a collapsed building
in a southern Shi’ite suburb.and
said casualties were feared.

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PAGE 6, TUESDAY, AUGUST 8, 2006

THE TRIBUNE



No US domination after Castro

@ By Sir Ronald Sanders

(The writer is a business exec-
utive and former Caribbean
diplomat who publishes widely
on Caribbean affairs).

Pee Castro’s tempo-
rary step-down from
power while he convalesces
from surgery, DiS gepin raised

the question about what hap-
pens with Cuba after he dies.
The expectation in some
parts of the United States, espe-
cially Miami, the home of many
Cuban exiles, is that the Castro
regime will collapse, Cuban
exiles will return in triumph to
claim expropriated properties,
and Cuba will revert to the US-
controlled satellite that it was
prior to the 1959 revolution that

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brought Castro to power.
None of these scenarios is
likely to be played out.
Castro’s death, whenever it
comes, may be cause for cele-
bration by Cuban exile groups
in the US and it will probably
be welcomed by groups
opposed to him within Cuba
itself. But, it is unlikely to mean
a sudden collapse of the Cuban



In a real
sense, the US.
embargo has
helped Cuba to
strengthen its
political and
economic
independence.



government and the dismantling
of the system it operates.

Cuba is not the same coun-
try it was in 1959 when it was
highly reliant on the US for
trade and investment, its people
were largely uneducated and its
government inexperienced in
the ways of international diplo-
macy. .

Today, the Cuban people
boast an education system that
has given them literacy, qualifi-
cations and confidence.

There are some 500,000 stu-

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dents currently enrolled in its
university system, and this num-
ber does not count the many
hundreds of thousands who
have graduated since 1959.

These are people who are
perfectly able to negotiate in
their own best interests, and
they are most unlikely to sit
back and allow the US or any
other country to dictate terms of
engagement for trade or invest-
ment.

|: has to be recalled that
the Cuban people have
done without US trade and
investment since the US itself
imposed an embargo on
Cuba. Not having access to the
US market will bring no new
development or hardship to
Cuba.

At the end of the first quarter
of this year, President Castro
announced 11.8 per cent growth
in the Cuban economy.

This was achieved by a rapid-
ly growing tourism industry and
by increased trade in goods with
a number of Latin American
countries and the People’s
Republic of China. The US
played no part in it.

Cuba’s tourism now earns

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about US$2 billion a year with
half of the tourists coming from
Canada, Argentina and
Venezuela, and the other half
from Europe, principally Italy,
Germany and France. Air
Canada alone runs 10 flights per
week into Cuba in the summer,
rising to 28 weekly flights in the
winter.

While Cuba’s tourism would

-increase if Americans were

allowed to travel there, the pre-
sent level of investment in
tourism in Cuba and large num-
ber of visitors (two million in
2004), suggest that Cuba can
afford to drive a tough bargain
with US companies.

The truth is the inordinate
length of the US government
embargo against Cuba, and the
years of restriction on US com-
panies investing in Cuba, may



These are
people who are

perfectly able to

negotiate in
their own best

interests, and

they are most
unlikely to sit
back and allow
the US or any
other country to
dictate terms of
engagement

for trade or

investment.



very well have created a highly
competitive and Very difficult
market for US companies to
enter as new boys on the block.

S ure, many of the
Cuban people would
like to be abie to enjoy unre-

* stricted travel, including to the

US. But a desire to travel and
even to buy goods produced
in other countries does not
amount to a surrender of

CABINET WORKSHOP

Cuban pride and autonomy.

And, the Cubans have grown
in confidence. They are per-
fectly aware of their accom-
plishments in health, education
and international diplomacy.
They know that their doctors
and nurses are serving in many
countries of the world, particu-
larly the Caribbean and Latin
America; that their universities
are the training ground for an
increasingly large number of
students from neighbouring
countries; and that their pro-
fessional foreign service has
won them respect in the UN
and other international or Egan:
sations.

As for the return of expro-
priated property to Cuban
exiles: this too is unlikely to
happen unless other govern-
ments, such as the US, are pre-
pared to underwrite compensa-
tion to them. The lands are now
occupied either by hundreds of
Cubans who stayed at home
after the revolution or by state-
owned enterprises.

There may be agitation for
the return of expropriated prop-
erty in the US Congress from
those reliant on the votes or
financial backing of Cuban
exiles, but in a post-Castro era -
particularly one in which the
US embargo is dropped and US
investors have to compete with
investors from China, Canada,
Europe and Latin America - a
tough and demanding stance by
the US on compensation for
Cuban exiles will cut little ice.

EF any event, when Castro
dies, neither the govern-
ment nor the system will col-
lapse overnight. There are now
too many - including the mili-
tary - with a vested interest in
ensuring that its transformation
to something else is gradual.

What the “something else”
will be is difficult to predict ful-
ly. But, it is reasonable to
assume that it will include a
more open political system
within Cuba itself, and greater
tolerance for dissent.

This will come from the insis-
tence of Cuba’s trading part-
ners in the European Union,
Canada. For, if Cuba wants to
bargain hard with the US in a
post-embargo era, and to ensure
that it does not become too
reliant on China as it was with
Russia, it will have to act on the
urgings of the EU and Canada.

The Cuban economy will
also have to open up to outside
investors in a less restricted way
than it now is. This will mean
greater foreign ownership than
presently exists in key area
such as oil, natural gas and nick-

el. But, it does not have to mean’

foreign domination, and cer-
tainly not domination by any
one country. —

In a real sense, the US
embargo has helped Cuba to
strengthen its political and eco-
nomic independence.

So, no hope for US domina-
tion of Cuba should spring from
the prospect of Fidel Castro’s
death. The better prospect, par-
ticularly for US companies, is
an,end to the US embargo and
a real effort by both the US and
Cuba to establish the terms of a
relationship that would benefit
them both.

Responses to: ronald-
sanders29@hotmail.com

MANAGER NEEDED

(FOR NEW STATE OF THE ART PRODUCTION LINE
CABINET FACTORY IN NASSAU)

Qualifications:
¢ Cabinet Making Skills A Must
¢ Strong Management Skills

¢ Motivated To Aspire To A Higher Level Of Management
¢ Compuer Skills For Inventory And Purchase Orders
¢ Good Communication, Leadership, And People Management Skills

Responsibilities:

¢ Overseeing Manufactureing Of Three Cabinet Assembly Line In

Factory

¢ Daily Work Schedules & Weekly Shift Schedules Of Employees

¢ Day End Progress Reports

¢ Monthly Reviews Of Employees & Production
* Organize And Implement Efficient Material Storage And Access

¢ Inventory Management & Control

° Ordering Materials From Local & Foreign Vendors
¢ Simple Repair And Maintenance To Machinery, And Overseeing

Large Repairs

Benefits:

e Attractive Salary
e Bonuses

¢ Health Benefits

Forward Resumes To:
Email: kecbah@hotmail.com
Fax: 394-4159



en as ee ee eR et Oe



tS oo oe OS

f




THE TRIBUNE





Police hold
11 members
of alleged

drug gangs

# PUERTO RICO
San Juan

AUTHORITIES arrested
11 members of two alleged
gangs battling to control
drugs sales at a government
housing complex in northern
Puerto Rico on Sunday, the

US territory’s top police offi-
cial said, according to Asso-
ciated Press.

The arrests were made
after police got a tip that
members of a gang trying to
take over the sales point had
turned up with guns at the
site in Carolina. When police

- arrived and began making
arrests, the rival gang shot at
authorities from the
rooftops, said Police Super-
intendent Pedro Toledo.

One gang member was
wounded by gunfire. Charges
haven’t been filed.

FBI agents were helping

police search for gang mem- @ By Bahamas Information ers, past and present, as partof MH! WINSTON Saunders
bers in the housing project. Services this year’s official Independence _ speaking during the
Toledo said authorities _ celebrations. commissioning ceremony for
SANDY POINT, Abaco — “I thought that it was about the Wall of Local Heroes

believed the gang that con-

trolled the area was once led

by Jose “Coquito” Lopez,
who was fatally shot on July

28.

.' Lopez allegedly controlled
’ the drug trade in northeast-
‘ern Puerto Rico. FBI agents

are investigating allegations
that rogue police officers act-

_ ed as bodyguards and infor-

mants for Lopez at the cen-
ter of a fast-growing politi-
cal scandal in the island.
Carolina is about 10 miles
east of the capital, San Juan.

matt) a ey. ee
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Fourteen are honoured on.
-Sandyport ‘Wall of Heroes’

\



TUESDAY, AUGUST 8, 2006, PAGE 7

LOCAL NEWS





i CHAIRMAN of the National Independence Committee
Winston Saunders (right) and Family Island Administrator for
South Abaco Roderick Bowe (left) posing with two honourees:
after they unveiled the Sandy Point, Abaco, Wall of Local
Heroes, on August 5, 2006. Captain Ernest Dean (left of the
Wall) was nominated for Writing and Shadrach Cox was

nominated for Boatbuilding.

The ‘chairman of the National
Independence Committee, Win-
ston Saunders, told South Aba-
co residents, on August 5 that
their honouring 14 persons on
the Sandy Point “Wall of Local
Heroes” was commendable and
a step in the right direction.

“This is not the beginning of
the honouring of heroes; nor
the end of it,” Mr. Saunders
said. “Hopefully, we started
something today that will go on
well after we have all gone —
and that our young people can
come and look at it and see
‘who was who’ in their commu-
nity and ask-questions about
them and be taught about
them.”

Mr Saunders conceived the
idea of “Walls of Local Heroes”
as a way for various settlements
throughout The Bahamas to
memorialize community lead-

v

(BIS photos: Eric Rose)

time that we started to celebrate
those people who have helped
to build our communities,” Mr.
Saunders said. “We are more
happy, most of the time, to
knock people down than to
build people up; so this whole

-exercise, throughout The

Bahamas, is to build up, to cel-
ebrate and to say ‘thank you’
to all those who, in any form or
fashion, build their community
or the wider Bahamas.”

Administrator for South
Abaco, Roderick Bowe over-
saw the committees set up in
the various settlements there to
compile the list of persons to
be nominated.

The Sandy Point community
honoured the following persons
on their Wall of Local Heroes:

Annie Darville and Beatrice
Burrows for Medical Service;
Henry Colebrooke and Alfred

_ White for Community Service;



Sanford McKinney for Cuisine;
James Pinder for Administra-
tion; Florence Colebrooke for
Hospitality; Shadrach Cox for
Boatbuilding; James Dean Sr
for Fisheries; Captain Ernest
Dean for Writing; Samuel McK-
inney for Religion; John Light-
bourn for Law Enforcement;

James Pinder for Education
and Susan Dean for Business.

Mr Saunders said that both
Inagua and Exuma had already
unveiled their walls and other
settlements and islands will be
doing the same in the coming
weeks.

He added that nominees.
could even be a young person
who excelled in representing
what is best in their community.



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ESSENTIAL FUNCTION: .

Plans, directs and coordinates all design activities of designated projects fo
ensure that the goals and objectives of the development are accomplished within
the prescribed timeframe and funding parameters. Manage all design projects
personally or through subordinate supervisors, consultants and contractors. Work
with development partners and sales and marketing staff to define design and

implement all aspects of development.

DUTIES & RESPONSIBILITIES:
« Master planning.
Architectural design
Develop the programme, schematic design, and architectural character for all
aspects of the project
Define the design elements associated with landscape and hardscape deiails
with respect to the project
Prepare design guidelines and administrative procedures for development
including lot diagrams
Sub-consuliant identification and contract negotiation
Sub-consultant coordination
Coordinate the preparation of marketing and public relations material
Analyze comparable projects within the region with respect to product size,
finish, amenities and cost in order to fully understand the impact of the
proposed master plan from a pricing, sales and marketing perspective
* Coordinate the efforts associated with developing a marina marketing strategy
Oversee the on-going improvements to ensure compliance with the overall
Vision
Implement the strategy for permitting, construction, and administering the
development
Coordinate efforts between sales, design and construction teams, including
buyer presentations, design specialization and management of revisions to
construction documents
Lead design review commitiee ;
Manage and direct development of construction documents by consultants
Review submittals, samples, mock-ups, owner approvals and shop drawings to
ensure produc? quality :
Provide quality contro! of design and construction activities through field
inspections and field directives
Establish good working relationships with governmental inspectors, the design
team and general contractors
Coordinate project activities with activities of government regulatory or other
agencies

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master planned communities
Direct experience in the development of high-end resort and residential

typologies :
Direct experience in the design and implementation of mixed-use development

projects with marine components

Lead design experience in projects with a value over 50 million US dollars
Documented experience in the preparation and authorship of architectural
codes, design guidelines. and administrative procedures for development
Proven experience in administrating multi-disciplinary design teams including
architecture, interior design, landscape design, environmental and civil
engineering

Strong verbal, written and graphic communication skills

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Email: dshipman@discoverylandco.com


PAGE 8, TUESDAY, AUGUST 8, 2006


















insects or other small animals.
locusts, and reptiles, including snakes.
big:hit with the visitors.

and 3.30pm),” said a spokesman for the Ardastra.

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Crowning glory for
Ardastra Gardens

THERE is a new addition to the Ardastra Gardens’ flock — a male Crowned Crane -
that was generously donated by a Bahamian resident. These magnificent birds are found
over much of Africa, south of the Sahara where they inhabit grasslands and swamps.

Adults are four feet tall weighing 8.5 pounds with wing spans of six to seven feet.

They have a long life span of up to sixty years. Males and females are nearly iden-
tical but the females may have a smaller crest. They feed on insects and small animals
along with some vegetation and grains. They also consume aquatic animals. Their for-
aging technique consists of moving through grass and stamping their feet to scare up

These birds are sometimes encouraged to live around homesteads in their native
countries because they consume great quantities of insects, especially grasshoppers and

At the Ardastra the Crowned Crane gets a diet of seeds and pellets, chopped hard
boiled eggs, plenty of greens and the occasional mouse. He is already proving to be a

“You can check him out along with all our regular attractions, including the March-
ing Flamingo Show (10.30am, 2.10pm and 4.10pm) and Parrot Feeding (11am, 1.30pm

“Fashion Hall
Sends out a heartfelt

THANK YOU

to all who assisted us
during the fire at our —
Mackey Street location.

Princess Margaret
Ambulance Service

Special Thanks goes out
to all our Fashion Hall
customers and others,
especially Female Fire
Reserve Alledria Strachan
for your assistance during

Turnquest addresses Bahamas —
Diabetic Association Camp _

IN AN address to persons
participating in the third annu-
al Summer Youth Camp of the
Bahamas Diabetic Associa-
tion, Senator Tommy Turn-

quest stressed that discipline

is the absolute key to success.

The Camp, which involved
informative lectures, swim-
ming lessons, and Arts and
Craft, was held at the College
of The Bahamas.

The former Minister of
Tourism in the Free National
Movement Government, who

was diagnosed as a type II dia- .
- betic several years ago, told

the group that exercise and
diet are key to controlling the
condition and thus to achieving
a happy and healthy life
despite the affliction.

In congratulating the organ-
isers of the camp for provid-
ing the opportunity for chil-
dren to learn more about dia-
betes, Senator Turnquest said
that even in that organisation
there had to be discipline in

Inspector Walter Evans and
his staff from the Fire

Department

The Royal Bahamas Police

Force

Recruits from the Police
Training College

Water and Sewerage

Bahamas Electricity

Co-operation

Airport Crash and Rescue

‘Doctor’s Hospital
Ambulance Service

the fire.

LOCAL NEWS



order that success of the camp
could be ensured.

In all things there is a need
for discipline, the Senator
stressed, telling the youngsters
that the majority of students
who are successful are those
who are disciplined.

Such successful students, he
said, “know when to leave the
television; they resist the urge
to chat on the internet and on
the telephone.”

Discipline, he continued,
entails control and order; it
means training or a way of life
aimed at self-control or con-
formity.

“In short,” Senator Turn-
quest said, “effective discipline
means controlling urges and
impulses and making sacri-
fices.”

The Free National Move-
ment’s standard-bearer in the
upcoming General Election for
Mount Moriah Constituency
pointed out that few can
achieve success without disci-




pline, and that everywhere
those businessmen, teachers,
tradesmen, law enforcement
officers, journalists, doctors,
lawyers, and other profession-

_als who attain success do so
primarily through self-imposed

discipline.

A majority of Senator Turn-
quest’s audience were young
diabetics, and he impressed
upon them the need to exer-
cise discipline in controllin
their condition.

Such controls, he said, mean
“resisting the urge to purchase
a soda at school. and instead
buy water, it means saying ‘no’
to a friend who offers you a
piece of chocolate and choos-
ing fruit instead.

Noting that he attempts in
his own life to exercise disci-
pline in all things, and espe-
cially in controlling his diabet-
ic condition, he urged the
young participants in the Sum-
mer Camp to strive to do the
same in their own lives.

P.O. Box N-1123
assau, Baham:





THE TRIBUNE



Extended
Learning
Programme

THE Ministry of Education,
Science and Technology has

announced that again this year :

the Department of Education
has organized the Extended
Learning Programme to facili-
tate additional instruction for
students who did not meet the
required standard.

Classes are being offered at
the primary level for students

of grades three and five. In the «

secondary school, classes are
being offered for’eighth and
tenth grade students. The
Extended Learning Programme
began on July 3 and will end on

July 28. The daily schedule is ‘:

from 9 am to noon.
The primary goal of the
Extended Learning Programme
is to provide more concentrated
instruction in critical areas
of weakness particularly
mathematics and reading. Class-
es are limited to 20 students.
Diagnostic evaluations will be
administered so that students’
deficiencies will be determined
and improved.
The Mabel Walker Primary



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School is one of the few schools .

not offering classes as that cam-
pus is not available. At the end
of the summer term, contrac-
tors began the construction of
two classroom blocks and the

repair and renovations of other _

buildings.

There are many programmes
sponsored by the Ministry of
Education, Science and Tech-
nology, the Ministry of Youth
Sports and Housing and the
Royal Bahamas Police Force to
constructively ‘occupy children
during the summer months. The
Extended Learning Programme,

however, targets a particular |

group of students and the inter-

vention provided will strengthen |

students for their return to class-
rooms in September. District

Superintendents and Principals °°

have selected competent and

outstanding teachers to admin- °
ister the programme, the Min- ,
istry said. Based on documented *

testing and reports submitted,

last year’s programme was effec- ° *
tive. The Ministry said it antici- ~

pated a successful programme
again this year.



2 fe

eo rae ae
TUESDAY, AUGUST 8, 2006, PAGE 9
LOCAL NEWS

THE TRIBUNE

@ THIS luxury speed boat was spotted sinking by a passing helicopter yesterda yy. It is thought
that the vessel may have hit a reef, however police reported no information on the incident.

(BIS photo: Tim Aylen)

Why you vex?

By PAUL TURNQUEST -
Tribune Staff Reporter



breaks on Friday evenings,
and still get paid more
than me. How is it that

“T vex cause all you can they can go out to

hear on ZNS is PLP pro- lunch, and then go
paganda. You can’t hear shopping, all on
nothing from Mr Ingra- government time?
ham and the opposi- C When you show
tion. I from the island up. to the offices

and ask for
someone to help
you, no one is
ever there. We
need to have a
committee or an
agency that goes
around keeping

and all we could listen

to is ZNS. They gone

back to dem same old

ways and I want to

hear from Mr Ingra-

ham cause he talkin’ all
the right words.”

-’ Flight 626

, these workers - espe-
cially the ones that obvi-
ously slack off and have
this attitude like you can’t
fire them. I can’t wait for Mr
Ingraham to come through on
his promise and fire some of

“I vex with the postal sys-
tem we have in this country. I
- mailed a letter a month.ago to
someone at COB and as yet
they haven’t received my letter.
Why does it take a month for



they send
you the bill with the big ‘Past

someone to drive from the post , these people.”
.. office on the top of the hill ae steneee one ewer ;
‘-" down to COB. If I knew it was tee Woe det ong Big time FNM

your bill is late. You don’t need
any ‘Overdue’ stamped on an
envelope to be spreading your
business all over the place.”

e going to take that long I would
have driven down there myself
and handed them the letter!
Unbelievable.”

Marco Cam,

“I vex that government work-

pale vee al Gusinehs Wien ers get to take three hour lunch

you know how your bills are

KEMP’S FUNERAL HOME LIMITED

22 Palmdale Avenue, Palmdale
Nassau, N.P., The Bahamas

Vs ar Gan ee
MARY JEAN CAREY

74 of Woodland
Road, Nassau, The
Bahamas, will be
held at Ebenezer
Methodist Church,
East Shirley Streets,
Nassau on Thursday,
10th August, 2006 at
3:00pm.















Reverend Milton
Lightbourne and
Pastor Martin

Loyley will officiate and interment will be
_in Ebenezer Methodist Cemetery, East
‘Shirley Street, Nassau.








Mrs. Carey was predeceased by her husband,
William Charles Carey and is survived by
her son, David Charles Carey; daughter-in-
law, Aura Estelle Carey; Grandson, Michael
Charles Carey; granddaughter, Ashley Jean
- Carey; sisters-in-law, Bess Thompson, Lottie
|- Lowe and Darlene Carey of Bradenton
‘Florida; brother-in-law, Neville "Butch"

Carey,and many nieces and nephews other
..-|- relatives and friends in The Bahamas and

‘| the United States and special thanks to
caregivers, Fay Miller, Bridget Armbrister
-|-,and Cleopatra Armbrister .

















Instead of flowers the family eaiest that
-.-| donations be sent to the Bahamas Humane
“| Society, PRO. Box N-242, Nassau, in wen
of Mrs. Mary Jean Carey.






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Y
PAGE 10, TUESDAY, AUGUST 8, 2006 THE TRIBUNE

The Secret of Smith s Hill

WRITTEN BY NANCY GARDEN
ILLUSTRATED BY MARILYNNE K ROACH







reak fast Serials |
Good Books Unbound





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CS py ee eee

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The Tribune








:College of The Bahamasss

STORY SO FAR: The twins hid, hoping to see who or what
has been disturbing the Clavers. But the culprit lured them
away — and has just spelled PLEEASGOOEY with Cory’s
blocks. /

CHAPTER ELEVEN :
Another Clue

6 6 [: can’t be anyone breaking in,” James said
after he’d checked all the downstairs windows
and doors. “And if it’s someone holed up inside, they
sure move fast. Inhumanly fast.” Kelly thought he sound-
ed relieved, almost as if he’d rather deal with something
inhuman than something human! “Anyway, it’s getting
better at spelling,” he added, staring down at the blocks.
Kelly added PLEEASGOOEY to her list of clues.
“Sort of,” she said. “I guess it’s saying please-something,
anyway. But what’s ‘gooey’?”

“T wish I knew,” James said. “We’d better build anoth-
er tower.”

When they’d almost finished, Cory whimpered sleepily
upstairs in his room. .

“T’ll go get him.” Kelly put the last block in place.

“You know he screams if anyone wakes him,” James
warned. :

“Yeah, but he whimpered, so he’s probably awake.”
Kelly went upstairs to Cory’s room. “Hey, Cory, hey,
baby,” she said softly the way Mom did, as she bent over
his crib. “Hey, little boy, it’s time to get up, it’s...”

na

CT) i
ae" tales
= y



- Cory opened his mouth and howled. .

“Now you’ve done it,” said James, coming into the
room.

Kelly touched Cory’s back, about to stroke it soothing-
ly the way Mom sometimes did when he woke up scream-
ing. ae

“No-no-no!” Cory wailed. “No. Go.way! Go way!”

Kelly pulled her hand back. “Gooey,” she said under her
breath.

“Huh?” James dangled Cory’s favorite stuffed bear in
front of the screeching baby. “Cory, look, here’s Bear.
Nice Bear. He wants to go to sleep, just like you.”

Cory stopped yelling long enough to reach for Bear.
Then he curled up tightly and closed his eyes.

“It’s easy if you know how,” James said smugly.

Kelly ignored that. “James, don’t you see?” she said.
““Gooey’ means ‘Go away’! Or it could, anyway.” She

pulled him excitedly out of the room, just as Mom came
‘ down the hall in her nightgown.

“Is everything all right?” Mom asked sleepily. “I heard
Cory.... What are you two doing up?”

“It’s along story,” James said.

“Cory woke up, but he’s okay now,” Kelly said impa-
tiently. “We — um, we had something to do. So we’r
up.”

“Have you been to bed?” Mom asked suspiciously.

“Well, no, not really,” Kelly said.

“Dare one ask what you were doing?”

“We....” Kelly looked desperately at James, who
explained that they’d stayed up to see if they could find out
what was making the noises.

Mom smiled thinly. “I see,” she said. “Kids, I... really
would like the noises to stop.” She gave them a funny
look. “Did you find anything?”

“Not really,” Kelly said evasively. Did Mom think she
and James were making the noises? Kelly wanted to
explain, but she was pretty sure Mom would join James in
the “There’s-no-such-thing-as-ghosts” camp.

Mom didn’t ask any more questions. Instead, she went

Move
to the

head of
the class

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into the kitchen — and the day began.

“Why does it want us to go away?” Kelly said to James
after breakfast when they were watchitig the construc-” |’
tion crew take down the forms. Sam had brought Clem- ;'}.’.
mie again, but tied her up near his truck. “And who is it?-* |



That’s what we have to find out.” ne
“Well,” said James, “if it’s someone who used to live. +[
here, maybe they didn’t want to move out when Mom *:
and Dad bought the house.” ei
“Okay. But what if it’s someone dead who used to live; +j«."
here?” She went on quickly before James could object =!"|"~





_ but this time he didn’t seem to be going to. “Let’s say it’s © |:

FS who’s using the blocks. Let’s say she’s a girl and she had -*.*;
the locket. She’s dead, and she used to live here. And she | +[' ‘ ‘
had her boyfriend’s hair in the locket. And the house*,};
used to be Number 782. And...” r < lot
“And what?” Peed a a
“And I’m stuck. Even if we’re right about all that, we © |: :
still don’t know why she wants us to go away.” le
“If that’s what gooey means,” James said. “And if she’s'.+|.
ashe. And if she’s dead and you’re right about the lock~}s het
et and the blocks. But what about the stone and the>=}*«
horseshoe? What about 782 and — Now what?” ale]
Kelly followed James’s glance over to the dirt pile.,+}-,
Clemmie had broken loose and was digging.in it. Sam was*. :
running toward her, shouting and waving his arms. io
When Kelly and James got there, Sam was picking up.~ |»
another stone fragment like the first one. But some of the’ -}'
writing on this one was was clear: i



CES SMI

(Continued every Tuesday and Thursday.) rifts
Text copyright © 1999 Nancy Garden ee
Illustrations copyright © 1999 ele
Marilynne K Roach stale
Reprinted by permission of aeier

Breakfast Serials, Inc. ;
www.breakfastserials.com

es

SOLOMON’ |

(OR Waa) Ho A V EOL T A Le L,

mahal Ames
TUESDAY, AUGUST 8, 2006, PAGE 14

HE TRIBUNE
ee LOCAL NEWS

ae ‘4 e e © Be
elebration in Fox Hill

Det TA.

a4 4
J MBERS of the Fox
iil! community gathered
p ‘ionday to
onnicmorate the
urvival and triumph of
laves in the Bahamas.
sovernor General Arthur
{annua and Foreign
«finirs Minister Fred
litchell, who is also MP
or (he area, were among
hose ‘attending. “The
jeorge Mackey Fox Hill
‘estival” concentrated

m the declaration

if freedom, the
emembrance of the

aany victims of slavery
nd ‘he proclamation of
divgrse heritage.









Hi MINISTER of Education Alfred Sears (left) turned out to show his support for the Fox Hill
community and to join in commemoration of the survival and triumph of slaves in the Bahamas

eT

(Photos: Onan | GOVERNOR General Arthur Hanna (left), receiving a
Bridgewater/Tribune staff) presentation from Miss Fox Hill 2006 Shekeitra Lightbourne















I MINISTER of Foreign Affairs and & GOVERNOR General Axthur Hanna and
lember of Parliament for Fox Hill Fred Minister of Foreign Affairs Fred Mitchell (far right)
litchell giving remarks at Monday’s meeting with some of the younger members of the
astival . Fox Hill community







}








Se ees

: ae SS MISS Fox Hill 2006 Shekeitra Lightbourne (right) and Miss Bahamas Universe (March pageant)
i MEMBERS of the Fox Hill community in attendance at the George Mackey Fox Hill Festival Samantha Carter reciting the Affirmation of Freedom. : ae 2

sone

ia S



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Vice President
Money Transfer Services

Profile:

Responsible for the development and management of Fidelity’s
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Based in The Bahamas, but expected to actively oversee the
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the Turks & Caicos Islands and any other locations where
Fidelity may establish operations.

As asenior manager occasionally assist with other areas of
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expanded to incorporate other areas,

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Bachelors or equivalent degree in marketing or communica-
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A minimum of 10 years experience in an extremely active and
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36
PAGE 12, TUESDAY, AUGUST 8, 2006

THE TRIBUNE |!



i Be
y

#

What now for New Providence were

HOME to some two-thirds
of the entire population of the
Bahamas, the housing and eco-
nomic outlook for New Provi-
dence not only begs for, but dic-
tates. the development of sus-
tainable communities that pro-
vide adequate green spaces and
easy access to neighbourhood
stores.

Decades ago, the rise in low-
income New Providence com-
munities and developments that
lacked a strong environmental
component, spring up in

Bahamas real estate ratte hi

response to a huge, ongoing
demand for affordable housing,
driven in large part by the lack
of economic opportunities in
the Family Islands.

In the construction of these
communities however, the will-
ingness of future generations to
become’ stakeholders and
remain within their childhood

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neighbourhoods was unlikely to
have been a main concern as
developers looked to meet the
immediate needs of a growing
population.

“We got people into those
houses, but when their children
grew up those communities
were not enough to keep them
there,” said Stefan Russell, a
licensed professional architect
with Construction Design Ser-
vices, an architectural and con-
struction design company
approved to work on New Prov-
idence Development Company
(NPDC) projects. He is a prin-
cipal agent in the design and
development of a number of
sustainable communities in bur-
geoning western New Provi-
dence.

According to Mr Russell,
those second generation
Bahamians who grew up in the
small-scale, bare-bones housing
communities, are now moving
out and building themselves big-
ger houses in gated communi-
ties and other neighbourhoods
beyond Nassau city limits. The
communities, many of them
new, are essentially self-con-
tained and boast substantial
amenities, including lots of
green space and easy access to
shopping centres.

"If I like my community and
there is a reason for me to Stay,
my kids will want to do the
same. It's not only the size of
the house, but the green space
and activities around the com-
munity. It costs a little more to
do something like this because
you're doing something right,
but the way I see it happening
with the private developments,
is the average person wants to
come in and feel that they
belong — so their children can
play in the street and they don't
have to worry about traffic or
predators."

Mr. Russell explained that
with the mass exodus from low-
income communities coupled
with the passing on of an older

generation these abandoned
homesteads are fast becoming
‘derelict. ;
“Unless there can. be ae

ded cs NOT Sales Team





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turnover in occupancy — which
would likely require a revital-
ization of the space — these
communities, which were never
designed to incorporate sus-
tainability, may have to be torn
down and redesigned if they are
to remain viable housing
options for future generations.”

He said the mission to

‘achieve sustainable living cen-

tres throughout New Provi-
dence with the island facing a
population explosion of some
200,000 residents and counting,
will require a cohesive effort by
all stakeholders — land devel-
opers, Government and com-
munity leaders.

One of the areas that NPDC
is demonstrating this principle
of revitalization is the Mount
Pleasant community. An his-
toric neighbourhood on the out-
skirts of western New Provi-
dence, Mount Pleasant has been
evaluated for community
enhancing upgrades to help
ensure community longevity. It
was originally developed as a
community to house persons
who worked in the Lyford Cay
area and was a part of an area
master plan by the then owner
of New Providence NPDC,
Canadian EP Taylor. Mr Taylor

-devised the plan to develop

thousands of acres in western
New Providence into distinct,
sustainable communities that
would attract wealthy individ-
uals from around. the globe and
also pull Bahamians away from
the hustle and bustle of down-
town Nassau.

Maintaining its commitment
to the development of western
New Providence, NPDC, in
2001, revised the master plan —

_ taking into account some of the

elements outlined in Mr Tay-
lor’s 1959 plan, and coming up
with a strategy that is expected
to enhance the formation and
the overall well being of the
area and to better meet the
housing and community needs
of Bahamians.

The updated master plan now
acts as a guideline — revealing
the parameters of the final
design — and allowing the prin-
cipals to show stakeholders
comprehensively what has been
achieved and what else is

‘planned. The prospectus
remains fluid, however, and can.

‘ M REAL estate boards, advertising properties for sale, are a

common sight on the streets of Nassau and New Providence, as
the island’s population density and booming national economy

create a thriving housing market

be refined as ,necessary,

explained Mr. Russell.

The idea of developing a
community around a core group
of residents, ensuring that the
living space remains as organic
as possible, yet allowing for the
necessary businesses, is not lim-
ited to Mount Pleasant. The
lifestyle philosophy was incor-
porated at Charlotteville and
no doubt contributed to the
swift sell-out of this handsome
new community development
in the west, near Old Fort Bay.

NPDC has also allocated

some 200 acres for affordable .

housing on land within its land-
holdings in response to Gov-
ernment requests.

The company is also planning
to help the traffic circulation of
the western communities by
opening Rockplant Road as a
north south corridor between

- Airport Park and Adelaide. A

further east-west corridor from
Rockplant to Clifton is also
planned.

Envisioning future sustain-

pats t



»

e

able communities blossoming*

along the western tip of New,

Providence, Mr. Russell pointed: :

to a similar phenomenon
already happening in Nassau
East.

"Out east on Prince Charles,
right after Nassau East going
towards Yamacraw Beach,

there's a 30-foot strip of prop-. «| :

erty — there are no houses, but .°

it's lined with trees. In the sum-
mer evenings that strip is lit-

tered with people just walking, .-. .
people who previously would ‘+: +

go to RM Bailey Park to walk.

“And this activity is prompt-
ing commercial development.
Wendy's and Papa John's will

soon be there and eventually |--

banks too and other commer-
cial enterprises.

“We are getting to the point.

where people won't have to go
out of their communities for
work, rest or play
be in their own back yard. And
this is what is meant today when
we talk about sustainable com-
munities.”

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THE TRIBUNE



College bookstore to
-make donation to
reading programme

@ By REUBEN SHEARER

-. AFTER reading an article in
Friday’s Tribune, the College
of the Bahamas’ Chapter One
Bookstore has announced that
it will make a donation to the

_ Garden Hills Community Read-
ing Programme.

The contribution of 50 books
will assist many children who
need material to engage their
minds this summer.

Behind the reading pro-
gramme is MP for Garden Hills
Veronica Owens, who said that
after. realising the importance

for students to practise reading

over the summer vacation, she

did not want to have a day

camp that did not include an
academic component.

-_. The books, donated from the

‘children’s section of the Chap-

Bahamas is
- favourite for
investment

B THE latest issue of
The Bahamas Investor

2 Fae PR we we

s THE Bahamas is fast becom- ~

ing the ‘it’ spot for foreign
‘investment and major resort
developments and one can read
all about this and much more
in the latest issue of The
Bahamas Investor magazine
(http://www.thebahamasin-
vestor.com).
“« Launched in January, 2006,
‘The Bahamas Investor, pub-
lished by Nassau-based Etienne
Dupuch Jr Publications Ltd, is a

new, bi-annual magazine

designed to serve the growing
interests and information needs
of foreign investors and wealth
management practitioners
worldwide.
‘Since its first issue, The
Bahamas Investor has received

a lot of positive feedback and is

recognized as a leading resource
2 for investing in The Bahamas.
' ‘In every issue of The Bahamas
Investor the reader will
encounter intriguing insights
into the developments that are
'."shaping the future of The

Bahamas, stories about dynam-

i¢ international business figures
who. are living their entrepre-
neurial dreams in the land of
| Sun, sea and sand and trends
.’. facing the world of investment
today.
* Here is a glimpse of the high-
lights in the much-anticipated
July issue:
, © Executive Focus cover sto-
ry profiles Bahamian Mark
_ Holowesko, Olympic athlete,
Successor to Sir John Temple-
- ton, and now CEO of Temple-



-from people who are
‘making news in their
~~ feneighbourhoods. Perhaps

i good cause, campaigning
for improvements in the
-.f/ area or have won an
award.

If so, call us on 322-1986
/and share your story.



-Share your news

a i‘The Tribune wants to hear

f’you are raising funds for a

ter One Bookstore, carry seven
titles, and are written for pre-
school and mid-primary aged
students.

Mrs Janice Cartwright, spe-
cial assistant to the president of
COB, came up with the idea of
COB’s bookstore being the
benefactor of this programme
after reading about the efforts of
Mrs Owens and other educators
in the Garden Hills community.

“We wanted to assist in any
way we could and, as always
when we see a beneficial pro-
gramme out there for our
Bahamian people, our duty is
to support it.”

Mrs Cartwright told The Tri-
bune that the new materials will
be distributed and, at the end
of the camp, instructors will
decide which students take the
new books home.

ton Capital Advisors.
e Industry experts Steve

Sokic and Kelly Anne Kerr of »

Royal Bank of Canada Trust
Company (Bahamas) guide you

through the tax implications of

non-US persons considering a
move stateside.

¢ Hywel Jones of Britannia
Consulting Group offers
wealth-management strategies
based on unique insurance
products.

e The Bahamas is becoming

a new retirement capital, so”

Investor will introduce the read-

-er to an American baby-

boomer who shares the joy he
has experienced in his new sec-
ond home on Paradise Island.
On the website is the Investor’s
Resource Guide which provides
invaluable information on sub-

jects such as setting up trusts,

starting a business, investment
opportunities and everything an
investor needs to know about
working and living in The
Bahamas. Users with an RSS
reader on their computer can
arrange to have the latest arti-
cles from the magazine sent
automatically by clicking on the
orange RSS icon on the web-
site.

Etienne Dupuch Jr Publica-
tions Ltd is the leading publish-
er of business and tourism infor-
mation in The Bahamas with
such publications as the
Bahamas Handbook, Welcome
Bahamas, What-to-do, Bahamas
Trailblazer Maps and the Dining
and Entertainment Guide.












TUESDAY, AUGUST 8, 2006, PAGE 13

LOCAL NEWS




YOUR CONNECTION“TO THE WORLD

POSITION VACANCY =|

Vice President of Training -

The Bahamas Telecommunications Company Limited invites applications for the above position from
suitably qualified persons with ‘relevant experience in the telecommunications or related industry.

The Vice President of Training will contribute to the Company’s success by creating and driving the
education, training and professional development strategy to ensure that employees are adequately
trained and developed and that organizational performance is maximized and enhanced as a result
of the investment of training dollars. This position will set the strategic direction and oversee the
establishment of a training facility; “The University of BTC”, to develop career development programs
for BTC’s technical (engineering, network services, IP), customer service, managerial, IT, executive and
staff positions to properly match employee interests with the present and future skill requirements of
the Company.

- General Responsibility

This position reports to the President & Chief Executive Officer and is responsible for directing the
education, training and development plans, policies, procedures, systems and related activities. More
specifically, this position is responsible for aligning the Training & Development function with the
business strategies of BTC by developing and conducting programs that result in enhanced performance
by employees who are knowledgeable about the critical functions of their jobs and have the current

training and development skills to meet the business needs of BTC.

_ ROLES & RESPONSIBILITIES .

1. Establish an effective training facility; “The University of BTC” and develop and administer the

Company’s education, training & development policies, procedures and programs.

2. Accountable for overseeing and coordinating all training and development activities that will
accomplish the acquisition of new skills, behavioral changes, a customer-focused workforce,
individual improvements in quality, improvement in cost control and cost reduction.

3. Establish and maintain training opportunities to enhance individual competence by focusing
on the acquisition of the skills, knowledge and abilities employees require to enable them to
function effectively within the scope of their jobs.

‘4. Promote long-term individual career development processes that properly matches the
employees’ interests with the present and future needs of BTC’s for the achievement of its .
strategic goals, results in increased employee satisfaction, meets staffing needs of the future,
and develops critical employee skills.

5. Confer with executives, management and employees to gain knowledge of work situations

that require training to better understand changes in policies, procedures,, regulations, business

initiatives.and technologies. ,

6. Ensure the development of a competent workforce by researching, planning, organizing and
conducting training programs, seminars and conferences for technical, administrative/clerical,
supervisory, management and executive staff.

7. Formulate training policies, programs and schedules based on knowledge of identified training
needs, company processes, business systems or changes in products, services or procedures.

‘8. ‘Review and update existing programs to reflect core values of the company. Organizes, writes
and coordinates training manuals that include course content. Writes material for new training
programs, reviews, evaluates and modifies existing programs and recommends appropriate
changes. basa ee :

9. Establish a functioning Training Centre where a training facility exists, training materials, reference
library, testing and evaluation procedures, visual aids, multimedia and other educational materials

and all the necessary resources have been communicated. Ah

ne JN

10. Prepare and monitor the training budget to ensure that training costs do not exceed allocated
funds.

11. Plan and direct all approved in-house training programs by coordinating the planning and
classroom facilities, selecting the appropriate instructional procedures, equipment and supplies
to be used. ,

42. Direct and control the activities of all BTC’s employees while on external training programs
sponsored by the Corporation so that training objectives may be realized.

13. Direct and supervise all personnel while serving as instructors for BTC’s in-house training
programs.

14. Administer BTC’s Tuition Reimbursement and Certification Programs.
15. Build, recruit, train and organize an effective Education, Training & Development division.
REQUIREMENTS :
A Bachelor's degree in Arts or Science with emphasis in human resources development with a minimum
of ten (10) years of managerial experience in a human resources management or education, training
& development environment.
The successful candidate should possess:

~e — Superior understanding of and experience in Education, Training & Development fundamentals
and concepts;
e Excellent written, oral, organizational and communication skills;
e Proven success in designing and building an effective training & development function and
_ team(s).

COMPENSATION
Attractive salary and other benefits commensurate with qualifications and experience.
All applications are to b¢ received at BTC’s Head Office, 21 John F. Kennedy Drive, no later than
Wednesday, August 16 h 2006 and addressed as follows:

Vice President/Human Resources

The Bahamas Telecommunications Company Limited —
John F. Kennedy Drive _

P. O. Box N-3048

Nassau, Bahamas

Re:Vice President of Training

y

rk

li




*

PRON vi i page one

terday that the,crash occurred
sadn, driving her
navy blt yh ed Ford Mus-
tang north on Balliou Hill
Road, near the Golden Gates

Shopping Centre, tried to over-



PAGE 14, TUESDAY, AUGUST 8, 2006

take another car.

“She lost control and crashed
into a truck travelling south on
Balliou Hill Road. The male
passenger in the back seat was
catapulted from the vehicle
when the collision happened,”
Mr Evans said.

The 31-year-old passenger,



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Downtown Nassau

2006 FORD EVEREST
Ee ae





LOCAL NEWS

believed to be a resident of
southern New Providence, died
of his injuries at the scene of
the accident.

A few hours later, at 4am on
Sunday, another man lost his
life in a traffic accident on the

streets of North Andros.

According to reports, the
young man — who was celebrat-
ing his 22nd birthday on Sun-
day — died when his truck
crashed into a utility pole.

Police are ‘also investigating
a serious car crash, the result of

a high-speed chase on Sunrise _

Highway at 2.40pm on Sunday
in Grand Bahama.

While on routine patrol on
the highway, a police mobile

| unit spotted a red Ford Explor-

er which had been reported
stolen earlier that day.

The police signalled the dri-
ver — 28-year-old Clarence Gib-
son Jr of No 15 Yorkshire Dri-
ve — to pull over on the side of

the road. The driver, however,

accelerated.
“As he sped along Santa

Maria Drive in North Bahamia, ©
he lost control of the jeep while

going around a curve, over-
turned several times into the
bushes, where he crashed into a
tree,” Grand Bahama police
reported.

The vehicle was extensively
damaged and Mr Gibson sus-
tained severe head injuries. At
press time last night he was
detained at the intensive care

~ unit at the Rand Memorial Hos-

pital.
The owner of the Ford

Explorer, Edwin Meadows of

Pinder’s Point, had reported to

police earlier that his vehicle

had been stolen from Port of
Call Drive in South Bahamia.
A second police chase, which

occurred over the weekend in:

Grand Bahama, also ended in a
collision. In this incident, how-
ever, no one was injured. .

At lpm on Sunday, police

‘ were in high-speed pursuit of a

vehicle carrying two’ male pas-

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PART OF YOUR LIFE

‘wo dead, one injured in
veekend traffic accidents

sengers, suspected of having
firearms and “dangerous
drugs,” when the crash hap-
pened at the intersection of
Explorer’s Way and East
Atlantic Drive

Neither of the two officers
travelling in the blue police
Ford Explorer, nor the driver
of the car they were chasing was
injured in the incident. .
~ Investigations into all matters
continue.

Figures
show huge
trade deticit
in Bahamas

FROM page one

tion materials, textiles
and articles of clothing)
which accounted for near-
ly $400 million (15 per
cent of total imports) and
the food and live animals
category, which included
both fresh meats and
fruits and vegetables and
processed foods, which
accounted for almost $330
million (13 per cent of
total imports).

The major products
imported from the United
States were various food
products $285.1 million;

| nuclear reactors, boilers,

machinery and mechani-
cal appliances ($140.3
million); mineral fuels,
mineral oils and by prod-
ucts ( $256.4 million); art
works and antiques ($97.9
million); electrical
machinery equipment and
parts ($160.6 million),
and vehicles ($117.2 mil-
lion).
Polystyrene ($94.8 mil-
lion); Crawfish ($95.1.2
million); however some
$52 million worth was
exported to France; Sea
Salt ($14.6 million) and
Rum ($1.1 million) were
among the main items
exported to the United
’ States.

allowed to catch six crawfish, conch, Dolphin, Kingfish, and



THE TRIBUNE






Fishermen
‘are facing
financial ruin

FROM page one

Wahoo, per person, per day.

“So you can imagine if there are 10 persons on a vessel,
what kind of amount of fish they bring up within a week.
It’s outrageous,” he said.

Mr Miller is now proposing that oY cath limits be
changed from “six per person per day” t
per day.”

Eventually, he said, that number should be even fuither

reduced to three per vessel per day.
The minister said he hoped to present his proposal to
parliament this Wednesday.

“We appreciate the concerns of these fishermen. And if *

we don’t do anything about it right now, it will cause
major problems in the Bahamas.

“We all know that this problem exists, but we've besa
turning a blind eye. These regulations need to be changed
now, not next month, not next year, but now,” he said.

One fisherman, who returned from his fishing tour after
only a few days because there was no crawfish to be had,
told The Tribune that he does not think that his chosen
profession will be able to support him much longer.

Families of fishermen are also fearing for their future ©
income.

“We staked our whole lives on crawfishing. We made
commitments based on what we once made on crawfishing.
But the almost non-existent amount of crawfish is forcing
us to look at other avenues of income,” the wife of one
fisherman said.

Another irate fisherman said that he sneaias thousands
of dollars on crawfish condos each year, but when he goes
to pull up his condos, they are empty.

Some fishermen said that they are now even considering
moving to New Providence to explore other professions.

Despite the concerns of the fishermen, crawfishing espe-
cially, remains a lucrative business in the Bahamas;
with $96 million worth of crawfish exported last year
alone.

Share your news

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.

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A Photography-based business that is fast paced
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@ EXPERTS on
the topic of Emanci-
pation, Jackson Burn-
side (second left), Dr.
‘Thaddeus McDonald
and Christopher Cur-
ry were featured on
Bahamas@Sunrise on
Monday. They are
shown above with
show host Romauld
Ferreira left.
Bahamas@Sunrise is
a morning show pro-
duced by The Coun-
sellors Ltd which airs
live every Monday |
and Friday at 6:30 am
and is replayed on
Wednesdays at 8 am
and Saturdays at 9
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(Photo by:
Collin Galanos, The
Counsellors Ltd.)
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Mr baeay 7

a,

PAGE 16, TUESIDAY, AUGUST 8, 2006 : THE TRIBUNE





SECTION



-. business@tribunemedia.net



sin DUNBAR
Power chief:
‘Union ‘will

“never be

satisfied’

{a By DENISE MAYCOCK
Tribune Freeport

TUESDAY, AUGUST 8, 2006





Miami Herald Business, Stocks, Analysis, Wall Street

‘

= ) FIDELITY

HELPING YOU CREATE AND MANAGE WEALTH

NASSAU OFFICE

Tel: (242) 356-7764.

FREEPORT OFFICE °
Tel: (242) 351-3010







Collapsed Bahamas fund's
papers ‘destroyed’ in US ©

By NEIL HARTNELL
Tribune Business Editor

ocumeénts related to a

collapsed Bahamas-

based investment fund,

from which some $500

million’ Canadian dol-

lars in investor monies ate missing, have

been found in Minnesota where they
were, being stored and destroyed.

Raymond Massi, the Canadian

receiver for the Bahamas-domiciled

Olympus Univest fund, said in his latest

newsletter to-update investors that he

had been contacted in May 2006 by an

anonymous informant, who claimed

that documents related to the fund were

US marshalls seize 35 boxes of documents relating to Bahamian-
domiciled Olympus Univest and Mosaic Composite |

at a private club in the US state-of Min-

nesota. ~ ‘

The informant alleged that the doc-
uments, which also contained informa-
tion on Olympus Univest’s manager,
the Canadian-based Norshield group,
and its chief counterparty, Mosaic Com-
posite, “were being stored and/or

- destroyed on the premises of a private

club in Minnesota, US”.

1

the requisite search and seizure court
orders, we attended at the premises
where these documents were located
and, with the aid of the US marshalls

" service, we retrieved 35 boxes of docu-

ments.”
_ The receiver said the documents were
now being reviewed.

The document seizure is the latest
development in the Olympus Univest

the reputation of the Bahamian finan-
cial services and investments fund
industry. |

The appearance of the Olsnpes Uni-

vest-related papers in Minnesota does

not come as'a complete shock, though,

‘given that this was where Mosaic Com-

posite, the fund’s main counterparty,

SEE page 7B

Mr Massi added: “After obtaining saga, which has the potential to harm

Reporter

f FREEPORT — Grand
‘| Bahama Power Company’s
chief executive said the
/union representing the
majority of its workers told
him it “will never be happy”
with the employees’ finan-
| cial packages, despite bene-
fits that far exceed those |
offered by rival electricity
suppliers in the Caribbean.
Dave Dunbar, speaking | ae
} about the current negotia-. |.
tions between the. company
and the Commonwealth
Electrical Workers (CEW) »
| Union, said the company

Government urged: Reinforce National Investment Policy

the right thing to do is for
- Bahamians to have the oppor-
tunity to develop their own
country. We need some pro-
tection.” iat
The latest controversies sur- Seu
rounding the National Invest- con
ment Policy involve the
.impending acquisition of
_Bahamas Supermarkets and
the Caribbean Bottling
(Bahamas) deal, which both

and talked about, and one of
them is preserving areas of our
economy for Bahamians only.

“This is important because
this is how nations are built.
The Bahamas must not get
ahead of itself and think it can
compete because ‘it can’t. It
must not be hoodwinked into
thinking it can.”

Major developed countries _
such as the US, UK and Japan
all protected specific infant
industries until they were
strong, enough to compete.

internationally, and Mr Moss
_ said the Bahamas was doing

no different with its National

Investment Policy.

' Of the industries included in
the policy, he added: “These
areas are under pressure and
‘they will be under increasing
pressure. The Bahamas must
recognise it has a duty and
obligation to protect its citi-

_ zens, or otherwise they will be
‘eaten up and sidelined.

“T know it’s not popular or .
politically correct, but Ibelieve __ SEE page. 8B es ese

— By NEIL HARTNELL

NE -«, acknowledged that the Nation-
.. Tribune Business Editor |

al Investment Policy was likely
to come under increasing pres-
sure as the Bahamian economy
became increasingly intet-
linked with the world’s, but
warned that this nation would
be “eaten up” without some
protection to allow for nation-
al development.
-. “We are proponents of the _
rule of law,” Mr Moss said of
BARYF. “There are:rules and
policies successive Bahamian
governments have promoted

“A BAHAMIAN trade cam-, -
‘paigner has urged the Gov=
atist







ire. specific areas of the
Econo Hy are preserved fort
Bahamian-ownership only,
“because this is how nations.
are built”.
- Paul Moss, head of Bahami-
ans Agitating for a Referen-
dum on-Free Trade: (BARF),-



- | SEE page 6B





Boards into one entity’

§ By CARA BRENNEN:
Tribune Business Reporter

THE Ministry of Financial Services and Investments should
consider combining the Domestic and Foreign Investments Boards
into one to further aid Bahamian investors and eliminate ‘red
tape’, the Bahamas Employers Confederation’s (BECon) president
said.

Brian Nutt said he fully supported the creation and work of the
Domestic Investment Board.
because, for too long, the busi-
ness community had felt the Gov-

SEE page 6B

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PAGE 2B, TUESDAY, AUGUST 8, 2006



H By Fidelity Capital
Markets

IT was another brisk trad-
ing week'in the Bahamian
market as over 126,000 shares
changed hands. For the week,
the market saw 14 out of its 20
listed stocks trade, of which
five advanced, threee declined







































and six remained unchanged.

Volume leader for the week
was Commonwealth Bank
(CBL) with 22,600 shares
changing hands and account-
ing for 17.90 per cent of the
total shares traded.

The big advancer for the
week was Consolidated Water
Company (CWCB), whose

share price increased by $0.22
to end the week at $4.83. On
the down side, Abaco Markets’
(AML) share price fell by
$0.04 to close at $1.74.

The FINDEX advanced by
1.23 points to close the week at
684.11.

COMPANY NEWS

Freeport Concrete Company
(FCC) -

For the 2006 third quarter,
FCC posted a net loss of
$54,000 compared to a net loss
of $147,000 for the same period
in 2005. .

Sales declined by $1.5 mil-
lion or 26.1 per cent to total
$4.2 million, while the cost of
sales fell by $1.1 million or 25.3
per cent to total $3.2 million.

Operating expenses also
declined by $451,000 or 32 per
cent to total $962,000. The
most notable reduction took

‘place in the area of payroll

costs, which fell from $796,000
in the 2005 third quarter to
$498,000 in the 2006 third
quarter.

Gross profit margin fell to
23.4 per cent versus 24.1 per

FOREX Rates

CAD$
GBP
EUR

Commodities —

Crude Oil
Gold

S$ & P500
NASDAQ

JOB OPPORTUNITY FOR A PROFESSIONAL

Chief Accountant

The Public Utilities Commission (PUC) is seeking to employ a
seasoned and competent Chief Accountant to be responsible for its
accounting and financial control systems and policies in accordance
with recognised accounting standards. The successful candidate will be
a professional with drive, initiative, excellent interpersonal skills and a

range of management, supervisory and accounting

experiences. :

Principal Duties: The duties of the post will include
establishing and implementing accounting and financial control policies
and procedures; ensuring the proper maintenance of the internal
accounting systems and records for external auditing; ensuring the
maintenance of the general ledger and the bank reconciliation '
statements; and overall responsibility for accounts payables, receivables .
and revenue collection.

Qualifications and experience: CPA or equivalent; member of
the Bahamas Institute of Chartered Accountants; experience in —
computerized management and financial management systems; proven
skills and abilities in financial and management accounting, and billing
and collections systems are essential; 10 yea relevant experience in
accounting and financial matters.

The PUC offers a very attractive and competitive salary and
benefits package and opportunities for further training and development
are excellent. Starting salary will be commensurate with

relevant experience.

Interested applicants may deliver or fax resumes to: Executive
Director, Public Utilities Commission, Agape House, 4th Terrace East,

Collins Avenue, Nassau, Bahamas;

Fax No. (242) 323-7288.

Applications should be received by 15 August, 2006.

<=



BUSINESS

Tacos |








International Stock Market Indexes: ...



cent in 2005.

The absence of Robin
Hood's earnings contribution
to FCC's bottom-line for the
2006 third quarter explains the
variances in the year-over-year
sales and expenses compar-
isons.

In related news, FCC's man-
agement is reporting that its
new Home Centre Superstore
building is close to completion
and that merchandising the
store is in full swing. It is antic-
ipated that the new store will
be open for business near the
end of August 2006.

Investors Tip of the Week

Reinvesting — The impor- |

tance of reinvesting any divi-
dends and/or capital gains can-
not be stressed enough. Many
investors received quarterly
dividend cheques and'they sim-
ply spend it: It is much more
beneficial to.take that money

and put it back into your:

investment. Doing so speeds
up the process. of compound-
ing, which will allow your
investment to grow at.a faster
pace.



International Markets |



Weekly |

~ 1.4278
1:9083
1.2878



-0.34
2.45

Weekly
$74.67
$651.91.

% Change



1.98
2.65



- Weekly % Change

11,240.35 0.18
1,279.36 0.06
2,085.05 -0.43



1549918 «1.02



phone: 356-8838/9
Pitt Road, Off Nassau Street
CERES CELE LAS




‘% Change







0.94 |












“as at record date J wy 31, 2006.




CLOSING CHANGE VOLUME YTD PRICE‘









|

ts ‘|

|
BISX |
SYMBOL PRICE CHANGE. |
AML $1.74 $-0.04 7050 138.36% BE peat
BAB $1.48 $-0.01 3200 34.55%. | 2:
BBL. $0.80 $- 0 14.29% | TF.
BOB. $7.49 $- 4350. 709% |B
BPF $12.04 $-0.01 ° 5400 AS.TIG: | 9
BSL $14.00 $- elie 9.80% |
BWL $1.48 $- 0 17.46%
CAB $9.10 $- 11925 |
CBL $11.00 $0.01 22600 . 20.75%. |
CHL $1.96 Gerke 21383 19.51% |
CWCB $4.83 $0.22 11218 19.94%) 1
CIB $13.05 $0.05 12000 ATTN. |
DHS — $2.40 $25. 15000: 24.42%: |
FAM $4.20 $- 3200 2.64% |
FCC $1.15 ae 0 13.04% |
FCL $9.21 $0.02 3930. 11.14%. | eed
FIN $10.70 $0.01 4950: » 5.60% | tub
ICD $9.94 Ph "40 13.07% : | a
ISI. $8.50 $- tet SOF 0.55%:
KZLB $5.36 $- one 16.50% .
PRE $10.00..." 5S 0 0.00% |

Saye

DIVIDEND/AGM NOTES: a



vie
4

e FOCOL Comntany: (ECL) has declared a dividend laf | v7
$0.11 per share payable on August 9, 2006, to all shareholders pefin’











record date August 8, 2006.”

¢ Consolidated Water Cobpanyt has declared a dividend of of
$0.012 per BDR payable on August 8, 2006, to all. BDI
shareholders as at record date June 30, 2006. ee

° Keivies International (KZL) will hold an Extraord i
General Meeting on August 28, 2006, at the New Proven
Room of the Coral Towers, Atlantis, Paradise Island , a



@ Colina Holdings ‘Baliamas will hold its Annpal Gene cal |
Meeting on August 10, 2006, at 5.30pm at: the J. ‘W. Pinder
Building, Colinalmperial Jnsurance: ce , Collins Avent,
_ Nassau, Bahamas.

whiscata pattie aticita cal Nettie cadinll (ito lian fas Racal atti










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THe TRIBUNE



The next steps

BUSINESS





towards ending
exchange control

FOLLOWING my column of
January 17, 2005, entitled More
to do, despite first exchange con-
trol steps, | am constantly being
asked: “What do you think we

‘ should do next?” In looking
back through my personal
archives, I wrote four articles
on exchange control between
July and September 2002.

- My. sentiments at the time

3 were! “Our challenge is to find a
way to move the country in the
direction of reducing, and ulti-
mately eliminating, exchange
controls on the capital account.”
This statement is just as rele-
vant today as it was when it was
written some three-and-a-half
years ago.

'- Today, our level of foreign

reserves appears to be about 10

per cent to 12 per cent of GDP
based on the latest estimates. If

. you believe that over $11 bil-

- lion in new foreign investment

‘ will be made in the Bahamas in
the next five to 10 years, this
clearly provides a basis for fur-
ther capital account easing. I
also maintain that we should
not attempt to ‘re-invent the

_ wheel’ each time, but rather

~ carefully study the experiences

‘of others who have successfully

travelled this road already.

Our situation

The fact that there have been
no controls on current account
transactions for many years
now, and the. fact that the
Bahamas is an archipelago
spread across a vast geographi-
cal.area of ocean, where US
. dollars freely circulate, makes it
very difficult to BRO’ or con-
trol “cheating".

It is a widely held view that
the overwhelming majority of:
Bahamians who wish to make
capitale account transactions’

VICE PRESIDENT - MONEY Us alata |



Profile: a

Financial

Focus

have been doing so with rela-
tive ease for many years,
whether it is as simple as buying
a timeshare in Florida with your.
credit card; physically export-
ing surplus cash on frequent
trips abroad; or maintaining
bank accounts, brokerage
accounts, real estate or other
investments in the name of a
foreign- -born spouse.

An ‘unintended effect’ of
exchange controls is that any
unauthorised foreign currency
assets held abroad by Bahami-
ans will most likely never be
repatriated, even if the owner’s
circumstances change and they
can make a better investment
return at home.

Bermuda Experience

Bermuda effectively removed
all controls and taxes on any
foreign currency money that
was repatriated so that such
funds could be moved in and
out of the country freely. I am
told that Bermuda was quite

‘surprised at the inflow of US

dollars held by Bermudians
abroad that came back into the
country as a result of capital
account relaxation.

We can approximate the
Bermuda. model if we were to
designate the foreign currency
funds that were repatriated as
“free funds", and delegate
transactions in these “free
funds” to the commercial banks,
thereby removing them from
the control of the Central Bank.

‘What is most incredible about

the Bermuda experience with
exchange control relaxation is
that this was all accomplished
without changing existing laws.
This is an excellent example of
what can be accomplished with

foresight and a slight shift in the

way policy is administered.

I would recommend that we
consider the following actions
as our next step in the process
of exchange control relaxation.

_ 1. Amnesty

Now that our Central Bank
has started the relaxation of
controls on money going out of
the Bahamas for Capital
Account purposes, the next
emphasis should be on creating

strategies and policies to -

encourage Bahamians to repa-
triate at least the earnings and
dividends (if not portions of the
capital itself) on Bahamian-

- owned foreign currency assets

abroad.
To achieve this, I would rec-

ommend we declare an amnesty -

on all foreign currency assets
and bank balances held abroad
by Bahamian citizens. The exis-
tence of computers makes it
very easy for banks to track for-
eign currency that is repatriated.

Further, delegating this func-
tion to commercial banks would
remove ‘red tape’ and improve

” efficiency. I would even recom-

mend going one step further
and guarantee future convert-
ibility at par on all funds
brought back into the Bahamas
under the amnesty.

While the amnesty is in effect,
there could be a temporary
pause on making any further
moves on capital outflows. This
would allow the Central Bank

SEE page 7B

Jian

Position Available
Vice President

: Knowledge and Skills:

Money Transfer Services

Responsible for the development and management of Fidelity’s
money transfer and associated businesses in The Bahamas,
~ the Cayman Islands and the Turks & Caicos Islands.

‘. Based in The Bahamas, but expected to actively oversee the
. WUFS business in Fidelity‘’s operations in the Cayman Islands,
the Turks & Caicos Islands and any other locations where

Fidelity may establish operations.

As.a senior manager occasionally assist with other areas of

Fidelity’s business and have responsibilties that may be
expanded to incorporate other areas.

- _ Bachelors or equivalent degree in FaaTReuG or communica-
tions;

A minimum of 10 years experience in an extremely active and
dynamic operational environment;

A minimum of 5 years experience in international money trans-
fer business;

Strong interpersonal, oral and written communications skills;
‘Excellent marketing and communications skills;

A strong team leader with experience in managing businesses
_and staff across multi-national locations;

Proven experience in managing the roll-out of a large number
of new outlets across multi-national locations;

Proven ability to innovate and develop new products and
services;

Willingness and ability to travel frequently around the Carib-
bean

The successful candidate will be offered a competitive
compensation package including benefits and bonuses

Resumes should be received no later than August 9th, 2006.

The Human Resource Director’

Fidelity

51 Frederick Steet

P.O. Box N-4853
Nassau
f: 328.1108

e-mail: careers @fidelitybahamas.com



TUESDAY, AUGUST 8, 2006, PAGE 3B

BOC ag ry I The Tribune - the #1 hewspaper

in circulation, just call 322-1986 today!

M&E Limited [BAY

As a privately-owned, mid-sized Bahamian
Company and the authorized Caterpillar dealer
in the Bahamas, we are seeking candidates with
a newly acquired degree in Engineering. The
candidate should be a‘graduate with a Bachelors
Degree in Mechanical/Electrical Engineering
and should be a professional who thrives on
the challenge of developing outstanding
customer relations and service excellence.

Having both academic and practical background
in mechanical/electrical concepts is an asset
but not mandatory. The successful candidate
will be afforded the opportunity to be trained
by Certified Caterpillar Technicians/Engineers.

Send complete resume with education and work

experience to M&E Limited, P.O. Box N-3238,
Nassau Bahamas, Attention President & COO,
or email me@me-ltd. com.

Only persons being interviewed for this
positions will be contacted. |

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a First offered in 1976, this program is modeled after our
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faculty, many of whom serve as consultants to
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“ m Classes meet 40 Saturdays per year, spread over
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New executive-style classroom, exclusive to Bahamian
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The program is designed for those who work full-time and
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Curriculum integrates practical experience, comprehensive
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Students attend a one week course on the Coral Gables
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Fellowships of $15,360 will be awarded to all admitted

students who meet required criteria. This fellowship is only
available in the Bahamas

UNIVERSITY OF

MEMBER OF THE BAHAMAS CHAMBER OF COMMERCE. SCHOOL OF BUSINESS

Question and Answer Sessions
Thursday, August 10 at 6:00pm, College of the Bahamas, Classroom B27
Saturday, August 12 at 9:00am, Bahamas Chamber of Commerce, Nassau
TEL 305.284.4607 © mba@miami.edu * www.bus.miami.edu/grad


PAGE 4B, TUESDAY, AUGUST 8, 2006





Downtown, port relocation —
plan deadlines for year-end

THE Business Improvement
District (BID) committee that
will oversee downtown Nas-
sau’s economic revitalisation
will hold its first formal meet-
ing with an external consultant
next week, as it aims to finalise
the plan for the city’s transfor-
mation by year-end.

The Nassau Economic
Development Commission has
charged the’ Nassau Tourism

& Development Board

(NTDB) with developing the

Nassau BID’s implementation
lan.

The NTDB has hired Brad
Segal, from Progressive Urban
Management Associates, to
guide the BID committee
through the five to six-month
development of its proposed
business plan for the Nassau
BID.

OFFICE SPACE AVAILABLE
PERFECT FOR ATTORNEY:

Rent includes the following:

“* Electricity

* Water

* Generator

* Receptionist

* Kitchen and
Bathroom Supplies

* Cleaning
* Security

* Parking

* Use of two
conference rooms
* Use of Law Library

To arrange viewing please call: 394-5145

UBS



‘Bahamas) Ltd,, a leading global wealth manager, is

seeking an’experienced professional to join their team as

Reconciliation Manager

The main tasks of this postion are:

ee a 2 4h team; :

J ee open reconciliation items:
Manage prope’ as it relates to. reconciliations;



ng communication skills;

the Securi



+ Knowle eof Treasury ae
* Knowledge: of SWIFT standards | iS. a plus,

BS in Finale, Accounting or ‘the equivalent isa plus.

Please send your written application before August 10 to:

UBS (Bahamas) Ltd.
Human Resources



Bis

Pricing Information As Of:
. Friday, 4 August 200 6





Abaco Markets
Bahamas Property Fund
Bank of Bahamas ~

* Benchmark

Bahamas Waste

Fidelity Bank

Cable Bahamas

Colina Holdings
Commonwealth Bank
Consolidated Water BDRs
Doctor's Hospital

Famguard
Finco

FirstCaribbean

Focol

Freeport Concrete

ICD Utilities
J. S. Johnson

Kerzner International BDRs
Premier Real! Estate

12.25 Bahamas Supermarkets
10.00 Caribbean Crossings (Pref)

0.20 RND Holdings

28.00 ABDAB_

13.00 Bahamas Supermarkets

0.35 RND cea



“Sowk-Low



S2wk-Hi Fund Name NA _V
1.2983 1.2414 Colina Money Market Fund 1.298262*
2.9038 2.4169 Fidelity Bahamas G & | Fund 2.9038***
2.3915 2.2487 Colina MSI Preferred Fund 2.391480**
1.1820 1.1246 1.182038****

Colina Bond Fund

Colina

Financial Advisors Ltd.

The Nassau BID committee
is looking to finalise its report
to the Government on down-
town Nassau’s transformation
by December 2006 or January
2007.

The BID committee will pre-
sent its recommendations to
Prime Minister Perry Christie
and the minister responsible
for overseeing the public sec-

tor’s role in downtown’s trans- :

formation, Dr Marcus Bethel.

Their report will cover areas
such as: governance and legal
structure; geographic and juris-
dictional authority of the BID;
services and programmes pro-
vided by the BID; defining the
roles of government, the: pri-
vate sector and organisations
such as the Nassau Tourism &

Development Board; funding-
mechanisms; legislative con- |

siderations in establishing a
BID; and incentives for stimu-
lating economic activity in the
BID District.

Charles Klonaris, the NTD-
B’s chairman, said: “Creating
the kind of city which we all
know that Nassau can be has
been no easy task. We have
been working on aspects of the
challenge for some time, with
pockets of success.

“But we believe we’ve found
a way to design the formula,
put in place the structure, the
authority and the funding
mechanisms to enable the pub-
lic and private sectors to suc-



‘REQUIREMENTS:



management degree

skills -



ii

Last 12 ‘Months Div $

Employment Opportunity |

MANAGERS NEEDED FOR LEADING
FAST FOOD FRANCHISE

Must have minaverent experience and/or

¢ Must have strong leadership skills

¢ Must be customer service driven

© Must be results-oriented & articulate

¢ Must have excellent inter-personal skills

° Professionalism required

¢ Must have excellent oral & written communication

¢ Must be able to work flexible hours, including
late nights, weekends and holidays.

Excellent benefits!

Please submit Resume to:
Human Resources Department

; P.O. Box SS-5925
Nassau, Bahamas

cessfully and efficiently man-
age and develop the city.”
Following the formal unveil-
ing of the masterplan for the
transformation of downtown
Nassau and its harbourfront,
the NTDB and Nassau Eco-
nomic Development Commis-
sion have been working on two

parallel implementation plans. -

Plan

Apart from downtown’s

revitalisation, they are also

working on the business plan
for the new port.in southwest-
ern New Providence, which
will ultimately lead to the relo-
cation of all commercial ship-
ping facilities from Bay Street.

“We are working on two
parallel tracks right now. One
involves a task force charged
with advising on next steps for
the port relocation, the other is
a BID committee which will

look at the best way to create

and sustain a new public-pri-
vate sector structure to better
manage the city and guide its
economic development and
transformation” state the

’ NEDC’s co-chairpersons, Nor-

man Solomon and Charles
Carter.
BIDs levy across-the-board

“assessments on businesses for

specific improvements and
developmental work beyond
which government can reason-
ably provide.



















In general, businesses and
property owners in a BID area
fund supplemental govern-
mental services, such as clean-
ing, maintenance, security;
non-governmental services,
such as landscaping, market-
ing and promotion; capital
investments such as sidewalk «
widening; and the long-term
economic development and
planning of the district.

The municipality in which
a BID is located collects the
BID’s supplemental property
tax assessments through its
general taxation powers and
other revenue sources, such as
parking, and distributes them
to the BID.

Share your news

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.



NOTICE 7

THE TRIBUNE,

ay ee
. sea.

2 $B ee

2

wv,
4

A board of directors com- |.’

posed of property owners,
merchants, residents and pub-.
lic sector representatives is«
then given authority by the.
Government to undertake pro-«,
jects and programmes within‘. |
the district. hy
BIDs have been established”
in 1500 cities across the world, -
and have been able to main«.'
tain cleaner, safer streets;.:

improve their appearance and“, - |,
renew economic activity: tel

throughcut the US in places; .
such as Miami Beach, Coral~

Gables, West Palm Beach, :
Hollywood, California, New, .
York City, Hawaii as well as".

_ in London and Johannesburg:~

ee

ER ee ee

NOTICE is hereby given that ANDRE ANDREW WARD OF |;
GARDEN HILLS #3, P.O. BOX EE-17059, NASSAU, |" -

BAHAMAS is applying to the Minister responsible for }'

Nationality and Citizenship, for registration/naturalization as ].
a citizen of The Bahamas, and that any person who knows |.
any reason why registration/naturalization should not be
granted, should send a written and signed statement of the
facts within twenty-eight days from the 1ST day of

.Citizenship, P.O.Box N- 7147, Nassau;::Bahamas.



4
“AUGUST, 2006 to the Minister responsible for Nationality and |* 7

Pursant to the provisions of Section 137 (4) of the

International Business Compaines Act, 2002, Notice is
hereby given that:-

1, AMARALIS HOLDING S.A. (In Voluntary Liquidation)

is in dissolution.

. Procedding to wind-up and dissolve the company were -
commenced on the 4th day of August A.D, 2006.

. Dr. Wilder Gonzalez Penino whose address is World Trade
Centre, Montevideo, Av. Dr. Luis Alberto de Herrera
1248/2301 (11300) Montevideo, Uruguay and Mr. Mark
Levine whose address is M. Safra & Co., Inc., 590 -
Madison Avenue, 27th Floor, New York, NY 10022,
U.S.A. are the joint Liquidators of the Company for the

purpose of such dissolution.

WILLIAMS LAW CHAMBERS
Registered Agents»

PKF Bahamas

QUALIFIED CHARTERED



= wep ge ee

ACCOUNTANTS REQUIRED |

Professional Bahamian Accountants required by |
Nassau office of international accounting firm.. |'

qualifications who are eligible for membership
in the Bahamas Institute of Chartered Accountants |'.

experience should apply, giving details of work |:
experience to date. Minimum two years contract

offered. Salary and benefits subject to negotiation.

a.

Preference will be given to applicants with proven |"
audit and assurance experience.

Apply in writing to the Human Resources Partner, |.
PKF, P.O. Box N-8335, Nassau, Bahamas, |



HARE INDEX - 19 Dec 02 = 1,000.00
52wk-Hi - Highest closing price in last 52 weeks



Bid $ - Buying price of Colina and Fidelity

52wk-Low: - Lowest closing price in last 52 weeks Ask $ - Selling price of Colina and fidelity *- 14 July 2006
Previous Close - Previous day's weighted price for daily volume Last Price - Last traded over-the-counter price
Today's Close - Current day's weighted price for dally volume Weekly Vol. - Trading volume of the prior week **- 31 May 2006

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

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 eamings

*- 30 June 2006

100 - 30 June 2006






THE TRIBUNE

TUESDAY, AUGUST 8, 2006, PAGE 5B



a

Bahamas ‘right in the middle of good
practice’ on director independence

@ By NEIL HARTNELL
Tribune Business Editor



THE Inspector of Banks and
Trust Companies told The Tri-
bune that the Central Bank’s
guidelines for independent
non-executive directors place
‘the Bahamas “right in the mid-
dle of good practice” world-
wide.

_ Michael Foot said the guide-

lines, which have been circu-
lated to-the financial services
industry for consultation, took

~. .into account the fact that the
. Bahamas, given its small size,

only hada relatively small pool
of people from which Bahami-
an-based bank and trust com-

-‘ panies could draw their inde- :

pendent, non-executive direc-
tors.
“T-think these guidelines

oS place us right in the middle of

‘- good practice elsewhere, with-
‘out going to the extremes as
in large countries like the US,

r

+

Â¥



i OEE ew

| REQUIREMENTS:

‘Employment Opportunity

CUSTOMER SERVICES
{REPRESENTATIVE NEEDED FOR
‘LEADING FAST FOOD FRANCHISE

where a larger pool of people
is available,” Mr Foot said.
“This is all out of the fact
that in a whole range of coun-
tries, and the Bahamas is no
exception, it’s really important
to decide what is meant by
‘independent’. It’s trying to
bring a common sense
approach to a difficult debate.”
Mr Foot added that the

focus of the guidelines was on -

“independence”, and they out-
line elements that show a non-
executive director is indepen-
dent, discuss issues that might
influence their effectiveness,
and detail activities that inde-
pendent non-executive direc-
tors are “prohibited from per-
forming” in order to prevent
conflicts of interest..
Acknowledging that the role
of independent directors was
critical for good corporate gov-
ernance, the Central Bank
guidelines said: “There should

be a sufficient number of inde-





pendent, non-executive direc-
tors on the Board of Directors
to create a suitable balance of
power, prevent the Board from
being dominated by one indi-
vidual or by a small number of
individuals, and ensure that
their opinions carry weight.”

The Central Bank guidelines
said independent non-execu-
tive directors were expected to
bring a wide range of skills and
experience to the Board, and
provide an objective third par-
ty perspective.

“Independent non-executive
directors find themselves in a
dilemma, in that even though
they are legally liable in the
same way as executive direc-
tors and have the same fidu-
ciary duties to the company as
well as the duty of skill and
care, they may find themselves
at a disadvantage, lacking the
necessary information to make
quality contributions to the
Board,” the Central Bank said.

In addition, the guidelines
said independent non-execu-
tive directors might be reluc-
tant to question decisions and
activities taken by executive
colleagues when they were
chosen by the chairman or
chief executive.

Mr Foot told The Tribune
that the guidelines gave “a
clear idea” in situations such
as the length of time before a
former employee or external
auditor and attorney could be

appointed to a bank or trust ©

company Board as an inde-
pendent ‘non-executive direc-
tors.

The guidelines stipulate that
such a person cannot be
appointed to the latter post if
employed in those positions by
a bank or trust company “at
any time in the past three
years”.

To ensure that independent

non-executive directors were
free from any situation that

might compromise their ability

to be independent, Mr Foot
said any banking relationship
between them and their insti-
tution had to be “arm’s
length”.

This meant it was conducted
on normal commercial terms,

with the bank’s other clients —

gaining the same loan terms as
an independent non-executive
director.

In addition, the loan must .

not make the independent
non-executive director behold-
en to that institution.
- The Central Bank is also
proposing that changes be
made to bank and trust com-
panies’ annual corporate gov-
ernance reviews, with Boards
determining that independent
non-executive directors have
met their independence
requirements.

In providing an annual cer-
tification of compliance with
the Central Bank’s corporate

governance guidelines within
120 days of every calendar year
end, every bank and trust com-

‘pany is now required to sub-

mit a list of independent non-
executive directors, and indi-
cate whether the Board con-

siders them to be independent.

Where independent non-
executive directors receive
financial compensation apart
from the normal director’s fee,
the Central Bank proposes that
this be discloséd.

INSIGHT

For the stories behind

the news, read Insight
on Mondays



HALSBURY
CHAMBERS

Counsel and Attorneys-at-law
Notaries Public

Is seeking an ambitious
COMMERCIAL/CORPORATE

ATTORNEY
For its Nassau Office

'e Must be a High School graduate
° Must be customer service driven

‘© Must have excellent oral & written
communication skills

e Must be able to work flexible hours,
... cluding late nights, weekends and
--holidays, |









Excellent benefits!

Please submit Resume to:
Human Resources Department
P.O. Box SS-5925
Nassau, Bahamas





-fs cee we emer ee ee

fy

MOLBY LIMITED

. || NOTICE IS HEREBY GIVEN as follows:

(a) MOLBY LIMITED is in voluntary dissolution
under the provisions of Section 137 (4) of the
International Business Companies Act 2000.

I (b) The dissolution of the said company commenced on
the 3rd August, 2006 when the Articles of Dissolution

were submitted to and registered by the Regier
General.

‘£(c) The Liquidator of the said company is Credit Suisse
Trust Geneva, of 17 bis rue de Lausanne, P.O. Box 550,
. CH-1211 Geneva 70.

-_ 4 Dated this 8th of August, A. D. 2006

Credit Suisse Trust Geneva
Liquidator



t Seeking Candidates for
the Position of

Office Assistant

The desired candidate will be responsible for :-
- Overseeing to general office duties.

- Must be motivated, honest and
confidential.

- Must be customer oriented.

ale Possess excellent organizational and
administrative skills.

. Must have excellent computer skills.

gels Assume any additional duties and

responsibilities as directed.

The successful candidate mist possess a high school
certificate.

Qualified candidates are invited to apply in writing
| with a complete resume to :-

The Manager
DA12141T
P.O. Box N-3207
Nassau, Bahamas




















MAWALAKE LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) MAWALAKE LIMITED is in voluntary dissolution
under the provisions of Section 137 (4) of the
International Business Companies Act 2000.

(b) The dissolution of the said company commenced on
the 3rd August, 2006 when the Articles of Dissolution
were submitted to and registered by the Registrar
General.

| (c) The Liquidator of the said company is Credit Suisse
Trust Geneva, of 17 bis rue de Lausanne, P.O. Box 550,
CH-1211 Geneva 70.

Dated this 8th of August, A. D. 2006

Credit Suisse Trust Geneva
Liquidator

PULIKAO LIMITED

NOTICE IS HEREBY GIVEN as follows:

(a) PUILKAO LIMITED is in voluntary dissolution
under the provisions of Section 137 (4) of the
International Business Companies Act 2000. :

(b) The dissolution of the said company commenced on
the 3rd August, 2006 when the Articles of Dissolution
were submitted to and registered by the Registrar
General.

(c) The Liquidator of the said company is Credit Suisse

Trust Geneva, of 17 bis rue de Lausanne, P.O. Box 550,
’ CH-1211 Geneva 70.

Dated this 8th of August, A.D. 2006 -

Credit Suisse Trust Geneva
Liquidator

WAN psy

CARDIOTHORACIC/
VASCULAR
SURGEON

EXPERIENCE:

-10 YEARS
-PEDIATRICS
CALL
242-326-2346














Candidates with a minimum of five (5) years
| experience must possess the skills and the
ability to work independently on various
commercial/corporate transactions.

ANDA

COMMERCIAL/LITIGATION

ATTORNEY
For its Exuma Office —

Candidates must have at least five (5) years
experience and must have the skills and the
ability to work independently on varied
commercial/litigation matters.

Attractive salary and benefits are available to
the applicants with the right aptitude and skills.

Applicants should send resumes to:

THE MANAGING PARTNER
P. O. Box N-979, Nassau, Bahamas or
- By facsimile (242) 393-4558 or
Email: info@halsburylawchambers.com



| UBS

UBS (Bahamas) Ltd., a leading global wealth manager, is:
seeking an experienced professional t6 joi their team’ as

Portfolio Specialist

The:main:tasks of this position are:

» Monitor-and implement global investment templates.and
systems for wealth management clients;

«= Execute trades and control procedures for portfolio.
managed 'client base across fixed-income, equity and FX
markets;

Implement Portfolio Management policies, procedures
from head office;

Market portfolio management services to prospective and
Current clients.

In order to meet our requirements:all applicants must
possess:

. Several years experience in portfolio. management:or
product specialist function in a wealth management
context;

- Degree in finance or economics, further education is a
plus (e.g. Series 7 of CFA);
Foreign Language skills (Spanish and/or Portuguese)
preferred;
Strong analytical skills;
Team player.

Please send your written application before August 10 to:

UBS (Bahamas) Ltd..
Human. Resources
P.O. Box N-7757
Nassau, Bahamas


PAGE 6B, TUESDAY, AUGUST 8, 2006

THE TRIBUNE. .



ia an
‘Combine Investments
Boards into one entity’

UBS

UBS (Bahamas) Ltd., a leading global wealth manager, is
seeking an experienced professional to join their team as

Reconciliation Specialist

The main tasks of this position are:

« Reconcile cash positions on a daily basis;

» Reconcile securities positions on a daily basis,

« Follow up open reconciliation items;
Escalation of open items,

In order to meet our requirements all applicants must
possess:

Strong communication skills;

Knowledge of the Securities Industry;

Knowledge of Treasury Industry;

Knowledge of SWIFT standards is:a plus;

Proficient in MS Office Applications.

Please send your written application before August 10 to:

UBS (Bahamas) Ltd.
Human Resources
P.O. Box N-7757
Nassau, Bahamas

AVAILABLE
FOR RENT

Prime Retail
Shop Space

Located on Our Lucaya property
Freeport, Grand Bahama for qualified tenants
(No Food Service)

Please contact Jon Markoulis
for additional information
Tele: 242 373 4160

Fax: 242 373 1364 .



__/f Applicants should:

- Be persona
passionate.

Be: familiar with. youth «
trends.



FROM page 1B

ernment only catered to foreign investors.

He added that he agreed with the senti-
ments expressed by Investments Director,
Basil Albury, that the Government needed
to ensure the same red carpet rolled out
for foreign investors was available for
Bahamians as well.

Last week, Mr Albury announced that
former Bahamasair general manager Paul
Major would serve in an advisory capacity
to the Domestic Investment Board, with
the task of assisting Bahamians in finding
capital to fund their projects.

Mr Nutt, though, said in his opinion there
was no need for two separate Investments
Boards. He said that what often happened
to Bahamians seeking approvals from the
board was that they were sent from gov-

. ernment ministry or agency to another,

seeking different approvals.
Once they reached a stumbling block at

from the others.

Therefore, Mr Nutt said he would like
Bahamian investors to have the same ease
as foreign investors by being able to work
with one body.

He added that if the Boards were to
remain separate, he would like the Domes-
tic Investment Board to operate as a statu-
tory body, rather than an advisory one, as in

_the latter capacity it can only make recom-

mendations, not effect change.

Mr Nutt also expressed concern about
the possibility of the Domestic Investment
Board allowing concessions solely for
Bahamians.

He said that trade Bodies such as the
World Trade Organisation (WTO), of
which the Bahamas is seeking full mem-
bership, may frown on such special incen-
tives for a particular group of people.

Philip Simon, executive director of the
Bahamas Chamber of Commerce, told The
Tribune that while the chamber was not
entirely clear exactly what functions Mr

Major will have, it is happy with any move
that will benefit Bahamian entrepreneurs.
In addition, Mr Simon acknowledged Mr
Albury’s comments that the Ministry of
Financial Services and Investment was
investigating the creation of a Tourism
Attraction Incentive or Encouragement,
Act, which would serve as a companion:

legislation to the Hotels Encouragement

Act

Under such legislation, Bahamian entre-
preneurs will be able to bring in the mate-
rials that are needed for tourism-related _

businesses duty free, as well as be entitled to-.".
special duty free concessions specifically” ore oe

designed for Bahamians.

Mr Albury last week said that in addition
to benefiting tourism-related businesses,
this would have a trickle-down effect for.
other companies. -

Mr Simon said: “Obviously, any form of
incentive legislation to further advance
Bahamians is welcoming news. Hopefully,
the impacts are far reaching.”



one ministry, it was difficult to get approvals

are chief: Union ‘will never tnt



FROM page 1B

“deeply cares” for its workers.

“I know them very well, and
know that the vast majority of
them are excellent, hardworking
employees that do a wonderful
job for this community,” Mr
Dunbar said.

“But, when I first got here in
2004, a union executive told me:
‘We will never be happy’, and
unfortunately that statement
has been made true over the
last years. No matter what the
company does for its employ-
ees, that union wants more.”

Mr Dunbar added: “Make no
mistake about it, I believe as I

have, since I came here, that the _,

employees of Grand Bahama
Power are the best employees
that I have seen, and I have
been in this business 30 years
all over the world.

“When I go to the United
States, Jamaica, Curacao and I
talk to management of electric-
ity companies, they cannot
believe that things we do on
Grand Bahama for our employ-
ees.”

Mr Dunbar said the company
has provided very good salaries
that have been increased faster
than inflation, and has made lib-
eral overtime and double time
pay during the 2004 and 2005
hurricanes.

faethabist Church



esponsibilities include:

jon and. oversight of all /

“Youth Ministry: programmes.

leading Youth Services 1

Leading young persons to Christ and |
creating life-time disciples.

Building relationships between youth,

—_— —

congregation and the
community.

wider |

f Please send Resumé. together with: aN
pring letter, a statement of philosophy
_and a recent photograph to:





The Trust Secretary

Ebenezer Methodist Church

Willingness. to. support Church's

‘P.O. Box SS-6145
Nassau, Bahamas

Or fax to: (242) 393-8135, or e-mail to

beme@bahamas.net. .bs

Candidates: shortlisted will be contacted

by telephone, fax or e-mail

| interview.

for an



“We have a pension that is
100 per cent paid by the com-
pany, a savings plan where the
company pays 75 cents on every
dollar that the employees put
into it, up to 6 per cent. We
have paid vacation that gets up
to four weeks of vacation in
only five years,” he said.

Mr Dunbar added that
employees receive 20. days of
sick time per year, prepaid
salaries when they go on vaca-

tion, and a 25 per cent discount

on the base rate of their power
bill.

Additionally, the company

pays.55 per cent of school
tuition fees for each of their
children, and $150 dollars for
each employee’s child book and
uniform allowance.
»“T-also believe that we have
the best training and safety pro-
grammes for our employees
anywhere in the Caribbean, or
the Bahamas,” Mr Dunbar said.
_ He added that the company
had also discussed other things
to further enhance the well-
being of its employees, includ-
ing a low-interest loan pro-
gramme, where it would pay for
storm shutters for its employ-
ees’ houses.

Mr Dunbar said that after
months of negotiating and lis-
tening to the requirements of
the union, management thought
it had proposed a package that
met most requirements, and
gave management the right it
needed in an area where there
is changing regulations and
technology.

“We proposed a full package
to the union, and we wanted
members to accept the full

package, but not just take the
good things for the union and
not agree to the things that
management wanted to be able
to managed the company,” Mr
Dunbar explained.

Grand Bahama Power
offered a $1.5 million package
on July 24 to the union, which
was rejected with a counter-
offer that will cost the Company
$2.5million.

Offer

Grand Bahama Power’s offer
included a 12 per cent lump sum
payment in the first year; 5 per
cent in the second year; 3 per
cent in the third year; and 5 per
cent in the fourth year..

“From the comments I have
heard, I believe that union exec-
utives and their advisors mis-
represented our good package
as a dictatorial offer, and put
the worse the possible spin on
the good package that we had
provided,” said Mr Dunbar.

Amid ongoing negotiations,
the power company experi-
enced a major power outage last
Thursday due to alleged “sabo-
tage” at its Substation Six in
Fortune Bay Drive.

Police are investigating the
matter, and the company

. intends to prosecute anyone

charged over the incident.

The union is asking for a
$6,000 lump sum payment in
the first year, a payment that

_ represents 25 per cent of the

average annual salary of CEW
employees; retroactive pay; and
5 per cent increases in the sec-
ond year, third and fourth year.

“We thought what we offered

was more than reasonable. We-. -|

made it extremely reasonable
because management wanted
some things, and union’s

response to us was they.°.-.

absolutely discounted anything
we wanted and then raised the
price by $1million,” Mr Dun- .
bar said.
“When our costs increase, we’
ultimately pass them on to our

‘customers here in Grand

Bahama. Due to the 25 per cent
discount that employees receive
on electricity, they don’t always
feel the full brunt of a rate.
increase, but our customers do
feel the full brunt of that.

“TI believe it is time for the
union to get reasonable and get
back to the table, and for us to- |

finish negotiations in a friendly” a

manner and get back to ‘the: \

‘work of serving our customers.

Mr Dunbar added: “We ask

our employees after hurricanes | -

to forsake their own house and -’
come and work, and we believe °
if a worker’s house is badly
damaged, we should provide a
professional to help them go
out and get bids for reconstruc-
tion for the house, help with
insurance companies and con-
struction companies to get, their.
house built.

“We also spoke about, and)

are designing, a programme to -
make sure our employees get
ice and water if there is an
extended outage after a hurri-- | -
cane.” c
Grand Bahama
employs 180 persons.
Mirant, a major US energy
supplier that owns 55 per cent
of Grand Bahama Power, isin -
the process of selling its stake.

Power

NOTICE OF VACANCY

A vacancy exists for a Bahamian at The Grand Bahama Port Authority,
Limited in the Building and Developement Services Department.

Vacancy: Director of Building and Developement Services

The position reports directly to Management.

Qualifications/Pre-requisites:

Bachelor’s degree in Civil Engineering with a minimum of fifteen (15) years experience with
substantial knowledge in the construction industry w.r.t. building services, substantial familiarity
with building codes, substantial knowledge in urban engineering and substantial experience
in management of projects.Legal mindedness,computer literacy, the ability to communicate
effectively. and speak publicly and a character of integrity are essential.

Responsibilities:

Managing the day to day operations of the Building and Development Services Department
with respect to Building and Planning Code matters, contracts administration of capital projects,
implementation of Management’s physical planning of subdivisions and Gveisering the
functions of the City Management Department.

Resumés with supporting documentation should be submitted to:

The Personnel Department

The Grand Bahama Port Authority, Limited

P.O. Box F-42666
Freeport, Grand Bahama
Bahamas
On or before August 10, 2006


THE TRIBUNE

BUSINESS |

TUESDAY, AUGUST 8, 2006, PAGE 7B



Collapsed Bahamas ft
_ papers ‘destroyed’ in US

FROM page 1B

ultimately re-domiciled to after
‘leaving the Bahamas.

Bahamian accountant Clif--

ford Culmer, of BDO Mann
‘Judd, who is joint liquidator
‘with Mr Massi of Olympus
Univest, said in his first report
‘to investors last year that the
_Teturn of Mosaic Composite to
_the Bahamas was key to how
successful the recovery effort
for investors would be.

oy Mosaic Composite had
moved from the Bahamas in

January 2005 to Anguilla, and
then domiciled in Minnesota,

_ where it had merged into a US

-. ‘company.

+}

1 Mr Culmer said: “It is of sig-
«nificance to the issue of co-
operation that the liquidator
has also requested that MCL
[Mosaic Composite] be re-
domiciled in the Bahamas, and
thus far this request has not
been acceded to by the direc-
stors of MCL.
¢ “It is anticipated that failure
“to accede to his request affects
a major part of the liquida-

. Exchange control, from 3B

‘the opportunity to properly

cassess the true situation, and
~the opportunity to fine tune its

‘policies.

+ 2. Personal Allocation

’ The second initiative I would

"recommend is to grant each
adult a personal allocation of,
“say $25,000 per annum initially,

._* for whatever purpose they wish.

“Over time this could be
‘increased until exchange con-
trols are eventually totally elim-

“inated. The annual allocation
would not be cumulative, but

Nena a ‘use it or lose it’ propo-

sition.

“Also, I would extend a similar
“pérsonal 2 ‘allocation to approved
- private pension funds consis-
, tent with recent measures
afforded to the National Insur-
"ance Board.

* 3. Investment Currency

Market

_ This is an anachronism that

“we can do without. As I stated

"previously: “Unless we are pre-
“pared to ban the use of US dol-

..-,lars in our local economy

tion.”

The Olympus Univest situa-
tion has also embroiled Cardi-
nal International, the former
Bahamian investment fund ser-
vices provider, that ceased
business on December 31,
2004.

Cardinal International act-

ed as administrator for both.

the Olympus Univest fund and
Mosaic Composite, and its for-
mer head, Stephen Hancock,
has been examined under oath
by the liquidators. There is
nothing to suggest Mr Han-
cock has done anything wrong
in relation to either entity.
. Meanwhile, in his latest
report Mr Massi said he had
recovered $1.15 million in
Canadian dollars that was
“held in deposit in the
Bahamas by a third party on
behalf of Mosaic Composite”.
A major chunk of the Cdn
$25.5 million Olympus Univest
assets identified so far includes
the Cdn $7.2 million holding
the fund has in Premier Real
Estate Investment Corpora-
tion, the BISX-listed real

(which we would never do), we
ought to do away with the
investment currency market
altogether.”

I believe the above recom-
mendations, ccupled with ini-
tiatives recently taken, will take
us many steps closer to our ulti-
mate goal (the elimination of
exchange controls) in a con-
trolled and systematic manner.
Further, I believe these mea-
sures will serve to promote
more long-term investment and
sustainable economic develop-
ment. Until next week...

NB: Larry R. Gibson, a Char-
tered Financial Analyst, is vice-
president - pensions, Colonial
Pensions Services (Bahamas),
a wholly-owned subsidiary of
Colonial Group International,
which owns Atlantic Medical
Insurance and is a major share-
holder of Security & General
Insurance Company in the
Bahamas.

The views expressed are those
of the author and do not neces-
sarily represent those of Colo-
nial Group International or any



estate investment trust, which
as a mutual fund owns
Freeport’s First Commercial
Centre, plus all of Caribbean
Bottling’s Bahamian proper-
ties.

Mr Massi said “a legal
process..... has been initiated
to recover these assets”, but
warned that the process would
be long and complicated.

Among Premier Real
Estate’s founding directors,
although he is no longer on the
Board, was Mr Hancock, who
was president and chief execu-
tive of Cardinal International.

Given that Premier Real
Estate was seeking US $14.153
million when it was launched,
it is possible. that the invest-
ment by Olympus Univest in
the company accounts. for
almost one third of its share
capital.

The discovery of Olympus
Univest documents in Min-
nesota again provides clear evi-
dence of an attempted cover-
up of the fund’s affairs, and
those of Mosaic Composite
and Norshield.

of its subsidiary nde affiliated

‘companies. Please direct any

“N-7757 Nassau, Bahamas.

Mr Massi said John Xan-
thoudakis, Norshield’s former
principal, had written to
investors in the Bahamian enti-
ties on May 11, 2006.

The liquidator added blunt-
ly: “Despite its ongoing review
of available books and records,
and the numerous requests for
documents and information as
well as examinations under
oath, the receiver has not
received from Mr Xan-
thoudakis or from any other
principals of the Norshield
companies a complete and sat-
isfactory explanation or rec-
onciliation as to the significant
shortfall between investor
claims and the value of the
identified assets.”

A previous report by Mr
Massi, filed with the Canadi-
an courts, had revealed how
John Xanthoudakis and Dale
Smith, Norshield’s leading
executives, had.claimed they
were unable to identify the
beneficial owners of BICE
International, a Bahamian

company that was the Olym-

pus Univest’s majority share-



questions or comments to rlgib- ,

son@atlantichouse.com.bs

LEGAL NOTICE

PALMOLIVE VALLEY INC.
(In Voluntary Liquidation)

Notice is hereby given that the above-named Company
is in dissolution, which commenced on the 25th day of
July 2006. The Liquidator is Argosa Corbet Inc., P.O. Box —

ARGOSA CORP. INC.
Liquidator

holder and put the fund into
what was initially a voluntary
liquidation.

The duo also claimed they
were unable to identify the
beneficial owners of Mosaic
Composite, and neither Nor-
shield nor Cardinal Interna-

tional had been able to supply.

the liquidators with a copy of

’ the investment agreement

between Olympus Univest and
Mosaic.

Mr Xanthoudakis had also
failed to provide “information
and documents” on Cardinal
International’s activities as the
Olympus Univest fund’s

administrator.

In an implicit criticism of
Cardinal International’s role
in the affair, Mr Massi previ-
ously told investors that the
net asset value (NAV) calcu-
lations for Olympus Univest -
for which Cardinal was respon-
sible for as administrator -
resulted in redemption values
that were overstated, while
subscription prices were also
overvalued.

Some $307 million of Olym-
pus Univest funds were placed
into other Bahamian funds
known as the Channel Enti-
ties.

seers @ a se eet ete ee ee ret

oF

2 @ LI

“SS 6 se «+

omar ae a@€ FF TBAM WYO DAMN RSE BM.

we

NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Lot No. 1861, Pinewood
Gardens situated in Southern Distr:-t of the Island of New Providence

one of the islands of the Commonwealth of the Bahamas. Situated |

thereon: is a Single Family Residence sonsisting of (?.) Bedrooms, (1)
Bathrooms.

Property Size: 5,000 sq. ft.
Building Size: 975. 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 a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 4667” . All offers must be

" received by the close of business 4:00 pm, Friday 18th August, 2006.

NOTICE

ESSO EXPLORATION AND PRODUCTION
GO OC

NOTICE IS HEREBY GIVEN as follows:

(a) ESSO EXPLORATION AND PRODUCTION ANGOLA

(BLOCK 21) LIMITED is dissolution under the provisions of

the International Business Companies Act 2000.

| (b) The dissolution of the said Company commenced on the

3rd day of August, 2006 when its Articles of Dissolution
were submitted to and registered by the Registrar General.

(c) The Liquidator of the said Company is Karen Floyd of 16945

Northchase Drive, Texas 77002, U.S.A.

Dated the 3rd day of August, 2006.

‘ HARRY B. SANDS, LOBOSKY
MANAGEMENT CO, LTD.
Attorneys for the above-named Company

RBCI
NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece parcel or lot of land being Lot 16, Blk#3, Sea

Beach Estates situated in the Eastern District on the Island of New.

Providence one of the islands of the Commonwealth'of the Bahamas.
Situated thereon is a Duplex Apartment consisting of 1-(3) Bedrooms,
(2) Bathroom, 1-(2) Bedrooms, (1) Bathroom.

Property Size:'6,563 sq. ft.
Building Size: 2,425 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 a sealed envelope, addressed
to the Manager, Royal Bank Collection Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 0581”. All offers must be
received by the close of business 4:00 pm, Friday 18th August, 2006.

NOTICE

ESSO EXPLORATION AND PRODUCTION
ANGOLA (BLOCK 21) LIMITED

Creditors having debts or claims against the
above-named Company are required to send
particulars thereof to the undersigned c/o P. O. Box
N-624, Nassau, Bahamas on or before 28th August,
A.D., 2006. In default thereof they will be excluded
from the benefit of any distribution made by the
Liquidator.

Dated the 3rd day of August, A.D., 2006.

Karen Floyd
Liquidator
16945 Northchase Drive
Houston, Texas 77060, U.S.A.

NOTICE
LE CAUDAN ENTERPRISE INC.

Notice is hereby given that in accordance
with Section 138 (8) of the international
‘Business Companies Act 2000, the
dissolution of LE CAUDAN ENTERPRISE
INC. has been completed: a Certificate of
Dissolution has been issued and the
Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)



NOTICE

RBC FINCO INVITES TENDERS

RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piéce parcel or lot of land being Lot #3, Blk #2, South
Beach Estates situate in the Eastern District of the Island of New
Providence one of the Islands of New Providence one of the islands
of the Commonwealth of the Bahamas. Situated thereon is a Duplex
Apartment.
Property Size: 6,000 sq. ft.
Building Size: 2,248 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 a sealed envelope, addressed
to the Manager, Royal Bank Collections Centre, P.O. Box N-7549,
Nassau, Bahamas and marked “Tender 9256” . All offers must be
received by the close of business 4:00 pm, Friday 18th August, 2006.



| The Embassy of the United States in Nassau, The Bahamas

has launched via the internet, a solicitation to require op-
eration and management of Local Guard Services for the
U.S. Embassy Nassau, and the Frederal Inspection Station
(FIS) Pre-Clearance Unit, Freeport, Grand Bahama, The
Bahamas. The contractor shall furnish mangerial, admin-
istrative and direct labor personal to accomplish all work |
as required in this contact. The estimated number of hours
for guards is 153,833 per year. Performance is for a one
(1) year base period and four (4) one-year periods. Major |
duties and responsibilities are to perform accesss control
to limit entry only to authorized personnel or visitors, the
operation of walk-through metal detectors, hand-held de- |

! tectors and special monitoring devices.

All responsible sources may submit an offer, which shall
be considered. The government has issued the solicitation
on the FEDBIZOPPS site at www.fedbizopps.gov This
requirement will be issued only via the internet. No hard
(paper) copies will be mailed. Once on the FEDBIZOPPS |
website, Click on “Vendors” button under browse
agencies, choose “STATE”, scroll down to “Western |
Hemisphere Posts”, double click on “locations”. You
will locate all documents related to this solicitation under
American Embassy Nassau, The Bahamas. Questions can
be addressed to Karen Wiebelhaus, Contracting Officer by
phone: (242) 322-1181 ext. 4415, or by FAX (242)
328-7838 or at wiebelhauskk @state.gov


PAGE 8B, TUESDAY, AUGUST 8, 2006





“BUSINESS

Government urged: Rein



force

THE TRIBUNE



National Investment Policy

FROM page 1B

involve Barbadian companies.

Retail and wholesale busi-
nesses are supposed to be
reserved for Bahamian own-
ership only.

While both deals are sepa-
rate, concerns have been raised
that the Barbadian companies
are using unsecured loans to
get around the stipulation that
foreign firms taking equity
positions in Bahamian busi-
nesses, especially those in areas
supposed to be reserved for
Bahamians, need to have the
deal approved by the Cabinet
and Investments Board.

Shipping
Barbados Shipping & Trad-
ing is being lined up as the new
management/operating part-
ner for Bahamas Supermarkets

by BSL Holdings, the investor
group that is expecting to close

the acquisition. of Winn-Dix-
ie’s 78 per cent majority stake
in the supermarket group with-
in the next few weeks.

Group

The group is only waiting on
exchange control approval
from the Central Bank of the
Bahamas to complete the deal,
which involves Barbados Ship-
ping & Trading making a $10
million unsecured loan to help
finance the buyout.

BSL Holdings has the option
to convert the loan into equity
after three years, giving Bar-
bados Shipping & Trading a
40 per cent stake in the com-
pany. That, though, will be
subject to government
approval.

In the meantime, Barbados
Shipping & Trading will get
two out of the five Board seats,
which: has led some to charge
that the $10 million loan is

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equity in disguise.

However, that has been
vehemently denied by Fidelity
Merchant Bank & Trust, the

corporate adviser to BSL -

Holdings, and which put the
buyout group together.

Fidelity said all actions were
in accordance with government
policy and that it was seeking
all the necessary approvals. It
pointed out that Barbados
Shipping & Trading’s experi-
ence in the grocery business
would generate efficiencies
that would be passed on to
consumers in the form of low-
er prices. :

Indeed, a school of thought
exists that believes the Nation-
al Investment Policy’s restric-
tions are outdated, and allow-
ing foreign operators into the
Bahamas will ultimately bene-
fit consumers, prices and the
wider economy.

Banks |

Meanwhile, Banks (Barba-
dos) Breweries is a key player
in the group taking over
Caribbean Bottling
(Bahamas), the Coca-Cola
manufacturer.

The deal’s structure is under-
stood to be similar to that of
the Bahamas Supermarkets
acquisition, with banks this
time making a $6 million unse-
cured loan to the acquiring
group.

Meanwhile, Mr Moss said
the Bahamas was not ready for
full membership in the World

Trade Organisation (WTO) or
for joining any other trade
agreement.

He said the Bahamas was a
services exporter and had little
in the way of tangible goods
to trade, unlike other coun-
tries, meaning that trade agree-
ments as they currently stand
have less meaning for this
nation.

Added

Mr Moss added that the
Bahamas should not be tempt-
ed to look for trade agree-
ments just because others were
doing so, pointing to recent
views that CARICOM should
look to negotiate a trade agree-
ment with the US.

This was because the
Caribbean Basin Economic
Recovery Act (CBERA),
through which the US gave
special trade benefits and pref-
erences to the Bahamas and
other Caribbean nations, was
coming under pressure in the
WTO from Paraguay and oth-
ers.

Paraguay is arguing that the
CBERA is against WTO rules
because it effectively discrimi-
nates against itself by offering
benefits to the Caribbean that
it does not receive, prompting
debate in CARICOM as to
what should replace it.

Acknowledging that “the
arm of the WTO is long”, Mr
Moss said being able to influ-
ence policies and decisions as a
full member was not a good

enough case for the Bahamas
to join.

“By not being a member, the
Bahamas may feel some
effects, yes, but at the same
time there’s no advantage to
being a member,” he said.

Mr Moss pointed to the
damage inflicted upon the
banana and sugar industries in
other Caribbean states as a
result of the withdrawal of
European preferences they
once received, adding that
WTO membership brought no
benefits to them in this situa-
tion.

“We are putting the cart

. before the horse in talking

about joining these things
when we have so much work
to do in our own country,” Mr
Moss said.

Advantage

While one advantage of |

WTO membership was that
the Bahamians would have to
follow and play by the rules,
as part of a rules-based trading

system, Mr Moss said this -
‘nation first needed to assess its

laws and policies and make
them WTO-compliant before
looking to join.

“This is a perfect opportu-



Notice

NOTICE is hereby given that WILSON DOJOIE, OF MARSH

nity for the Government to
review its legislation to see
what the policies ought to be,”
he added.
Mr Moss said that as a full
member of the WTO, the
Bahamas would have to
reassess the Heads of Agree-

ment it signed with major |-.

developers, and the incentives
it gave them.

Rules

Under WTO rules, the -.:.
incentives and preferences '.*-"-'.

offered to the likes of Kerzner
International and Baha Mar
Development Company would
need to be given to “all and
sundry” to prevent discrimina- -
tion, Mr Moss explained.

He pointed out that unlike in
the Bahamas, where all the
incentives associated with
major developments were giv-

en by this nation to the devel- §.°. ’

opers, in the US the project
proponents also offered incen-
tives themselves. .
Mr Moss suggested that the

likes of Kerzner International
and Baha Mar should also
have to financially assist pro-
jects such as the redevelop-
ment of Nassau International
Airport.



SUPREM

COMMONWEALTH OF THE
BAHAMAS

THE SUPREME COURT
PROBATE DIVISION

No. 2006/PRO/npr/00402

Whereas IDADORA JOSEPHINE
BROWN of 1405 Guinep Tree

Street, New Providence, one of the.

islands of the Commonwealth of
The Bahamas, has made
application to the Supreme Court
of The Bahamas, for Letters. of
Administration. of the real and
personal estate of ROBERTHA
SHANIQUE: CULMER late of
Pinewood Gardens, 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
days from the date hereof.

K. Mackey
(for) Registrar

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

deceased.

Notice is hereby given that after the
expiration of fourteen days from
the date hereof, application will be
made to the Supreme Court of The
Bahamas, on its Probate Side by
JAMES LENNOX MOXEY, of West
Bay Street, New Providence, The
Bahamas, Attorney-At-Law, the
Authorized Attorney in The
Bahamas, for obtaining the
Resealed Confirmation of Executors
in the above estate granted to
JAMES OSWALD JARRETT and

. JOHN GILFILLIAN LUSCOMBE

NASSAU, THE BAHAMAS |

AUGUST 10, 2006

PROBATE DIVISION
2006/PRO/npr/00403

in the Estate of ELLEN ELIZABETH
EVELYN JARRETT, late of 4
Drumclog venue Milngaive,
Scotland, United Kingdom,

eo:

ROBINSON, the Executors, by the
Office of the Commissariot of North:
Strathclyde, on the 6th day of
February, 1985.

K. Mackey
(for) Registrar

COMMONWEALTH OF THE
BAHAMAS

THE SUPREME COURT
PROBATE DIVISION

AUGUST 10, 2006

No. 2006/PRO/npr/00404
Whereas EARL A. CASH of Marlin
Drive, New Providence, one of the
Islands of the Commonwealth of
The Bahamas, application to the
Supreme Court of The Bahamas,
for Letters of Administration with
the Will annexed of the real and
personal estate of SIDNEY
ROBBINS late of 1315 Torrey Pines
Road in the City of Lajolla in the

E COURT

‘ County of San Diego, in the State

of California, one of the States of
the United States of America,
deceased.

Notice is hereby given that such

applications will be heard by the —

said Court at the expiration of 14
days from the date hereof.

K. Mackey
(for) Registrar

COMMONWEALTH OF THE
BAHAMAS

THE SUPREME COURT
PROBATE DIVISION

_ AUGUST 10, 2006

No. 2006/PRO/npr/00410
Whereas PAULA ROBERTS of
Scott Street and Johnson Road,
New Providence, one of the Islands
of the Commonwealth of The
Bahamas, has made application to
the Supreme Court of The
Bahamas, for Letters of
Administration of the real and
personal estate of ZELMA
ROBERTS late of Pinewood
Gardens, 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
days from the date hereof.

K. Mackey
(for) Registrar



HARBOUR, ABACO, BAHAMAS., is applying to the Minister
responsible for Nationality and Citizenship, for registration/
naturalization as a citizen of The Bahamas, and that any person
who knows any reason why registration/ naturalization should
not be granted, should send _ a written and signed statement
of the facts within twenty-eight days from the ist day. of
AUGUST, 2006 to the Minister responsible for Nationality and
Citizenship, P.O.Box N- 7147, Nassau, Bahamas.











Notice
NOTICE is hereby given that MONIQUE TOUSSAINT, OF
CHARLES VINCENT STREET, NASSAU, BAHAMAS.,
is applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason why
registration/ naturalization should not be granted, should send |
a written and signed statement of the facts within twenty-
eight days from the 1st day of AUGUST, 2006 to the Minister
responsible for Nationality and Citizenship, P.O.Box N- 7147, |
Nassau, Bahamas.

_ NOTICE

NOTICE is hereby given that JACKSON CAMELUS OF

FIRETRAIL ROAD SB-52192,NASSAU, BAHAMAS, is
applying to thé Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason why
registration/naturalization should not be granted, should send
a written and signed statement of the facts within twenty-
eight days from the 1ST day of AUGUST, 2006 to the Minister
responsible for Nationality and Citizenship, PO.Box N- 7147,
Nassau, Bahamas.











Notice |

NOTICE is hereby given that JEANCIUS SAINTELHOMME, }-:

P.O.BOX N4339, #37 WASHINGTON STREET, NASSAU, |- a
BAHAMAS, is applying to the Minister responsible for

Nationality and Citizenship, for registration/naturalization as a-
citizen of The Bahamas, and that any person who knows any
reason why registration/ naturalization should not be granted, | .
should send a written and signed statement of the facts within [- °
twenty-eight days from the 8th day of AUGUST, 2006 to the. |.
Minister responsible for Nationality and Citizenship, PO.Box

N- 7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that OPHNIDE BEAUBRUN OF ENEAS
JUMPER CORNER OFF EAST STREET, P.O. BOX N-8889,
NASSAU, BAHAMAS is applying to the Minister responsible
for Nationality and Citizenship, for registration/naturalization
as a citizen of The Bahamas, and that any person who knows
any reason why registration/naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days from the 1ST day of AUGUST, 2006 to the
Minister responsible for Nationality and Citizenship, PO.Box| |
N-7147, Nassau, Bahamas.

NOTICE

NOTICE is hereby given that GERALD FORRESTER c/o
P.O. Box AB-20409, OF Marsh Harbour, Abaco, Bahamas
is applying to the Minister responsible for Nationality and
Citizenship, for registration/naturalization as a citizen of The |-
Bahamas, and that any person who knows any reason why
registration/ naturalization should not be granted, should
send a written and signed statement of the facts within
twenty-eight days from the 8TH day of August, 2006 to the
Minister responsible for Nationality and Citizenship, RO.Box
N- 7147, Nassau, Bahamas.














THE TRIBUNE BUSINESS TUESDAY, AUGUST 8, 2006, PAGE 9B

THE BAHAMAS ;
SUPPORT PROGRAMME FOR TRANSFORMING EDUCTION
AND TRAINING
BH-L1003 |

LS



ADMINISTRATIVE ASSISTANT/PROCUREMENT

The Government of The Bahamas (GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.
JOB SUMMARY:
To provide effective and efficient administrative and secretarial support services
to the Procurement Managers to achieve the goals of the project. Assist in
poke Office Management services to ensure the smooth operations of the
PMU.

QUALIFICATIONS AND EXPERIENCE REQUIRED

e First Degree in Management Studies or Business Administration
; Or

e Certified Professional Secretary with Certification in Management
Studies or Business Administration

e Ability to interface comfortably with department heads within the
Ministry, and the public and private sector. ;

e Superior skills in composition and preparation of letters, memoranda,
: reports and the taking and preparation of accurate minutes.

e Supervise the development of an efficient filing system.
® Computer literate with good working knowledge of Microsoft Office
e At least three years experience, working in a project an asset.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary

Ministry of Education, Science & Technology
P. O. Box N 3913/14

Thompson Boulevard va ‘
Nassau, The Bahamas

Attention: Glenn W. P, Major

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748

Fax: (242) 325-4660

Email: gmajoridbproject@yahoo.com
ACCOUNTING CLERK .

‘The Government of The Bahamas (GOB) has secured a loan from the Inter-

- American Development Bank (IDB) to finance the Education & Training for

Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force. ,

JOB SUMMARY:

To provide effective and efficient clerical assistance of the accounting
arrangements for the Project by assisting the Financial Manager and the Project
Accountant. The position will report to the Project Accountant.

QUALIFICATIONS AND EXPERIENCE REQUIRED .
e Associates degree in Accounting or Finance or in an equivalent field.

e At least three (3) years.experience as a Clerk ‘in an.accounting
environment. . :

‘e Some knowledge of the Government Financial and Audit Regulations,
and project accounting techniques would be an asset.

* Computer literate with excellent knowledge of spreadsheet
applications

e Experience working in a project.an asset.
e. A team player with good communication skills.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary
' Ministry of Education, Science & Technology
P. O. Box N 3913/14
Thompson Boulevard
Nassau, The Bahamas
Attention: Glenn W. P. Major
IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748
Fax: (242) 325-4660 ‘
Email: gmajoridbproject@yahoo.com

EXECUTIVE ASSISTANT TO THE PROJECT MANAGER
The Government of The Bahamas (GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.
JOB SUMMARY:
To provide effective and efficient administrative and secretarial support services
to the Project Manager to achieve the goals of the project. Assist in providing
Office Management services to ensure the smooth operations of the PMU.
QUALIFICATIONS AND EXPERIENCE REQUIRED 2%
e First Degree in Management Studies or Business Administration
Or
e Certified Professional Secretary with Certification in Management
Studies or Business Administration
e Demonstrated skills-:in taking minutes accurately and efficiently.

e Superior skills in composition and preparation of letters, memoranda ,
minutes and reports

e Computer literate with good working knowledge of Microsoft Office
(Word, Excel, Power Point, Publisher etc)

e Assist in convening and servicing meetings and/or conferences.

e Ability to interface comfortably with department heads within the
Ministry, and the public and private sector.

e At least five (5) years experience.

e Knowledge of the organizational structure and function of the Ministry
of Education, Science & Technology an asset.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary.

Ministry of Education, Science & Technology
P. O, Box N 3913/14

Thompson Boulevard

Nassau, The Bahamas

Attention: Glenn W. P. Major

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748

Fax: (242) 325-4660



SECRETARY

The Government of The Bahamas (GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.

JOB SUMMARY:

To provide effective and efficient secretarial, desk-top publishing support and
administrative assistance in the implementation of the Education & Training for
Competitiveness Project's Communications Plan.

QUALIFICATIONS AND EXPERIENCE REQUIRED
e Associate degree in Secretarial Science
Or,

‘e Secretarial Diploma/ Certificate from a recognized Institution —

e Knowledge of.the organizational structure and function of the Ministry
of Education, Science & Technology an asset.

e Ability to transcribe notes accurately.

e Superior skills in composition and preparation of letters, memoranda ,
minutes and reports

¢ Computer literate with good working knowledge of Microsoft Office _
e Ability te comfortably multi-task is required.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary

Ministry of Education, Science & Technology
P. O. Box N 3913/14
Thompson Boulevard

Nassau, The Bahamas

' Attention: Glenn W. P. Major

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748
Fax: (242) 325-4660

Email: gmajoridbproject@yahoo.com

SRS a EN,

FILING & RECORDS CLERK

‘The Government of The Bahamas (GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.

JOB SUMMARY:

To be responsible for the record keeping, storage and retrieval of information
through the maintenance of an adequate filing system, receiving, checking and
storing of stationery, recording such goods received into inventory records and
maintaining those records for.the Project.

QUALIFICATIONS AND EXPERIENCE REQUIRED

e High School Diploma and passes in three (3) BGCSE subjects including
English Language or passes in five (5) BJC subjects to include English
’ Language. , ‘ :

e Three (3) years experience in a similar position.
'-e Ability to carry out instructions and multi-task.
e Willingness and Ability to use initiative

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to: - :

The Permgnent Secretary

Ministry of Education, Science & Technology
P. O. Box N 3913/14:

Thompson Boulevard

Nassau, The Bahamas

Attention: Glenn W. P. Major

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748

Fax: (242) 325-4660

Email: gmajoridbproject@yahoo.com

DRIVER/MESSENGER

The Government of The Bahamas.(GOB) has secured a loan from the Inter-
American Development Bank (IDB) to finance the Education & Training for
Competitiveness Project (ETC). The project will support the development and
implementation of activities aimed at improving the quality and competitiveness
of the Bahamian labour force.

JOB SUMMARY:
Provide clerical assistance in cataloguing and other warehouse operations as
required by the Operations Manager. Transport-personnel, equipment and
materials in safety and comfort within the limits of the Law.
QUALIFICATIONS AND EXPERIENCE REQUIRED
e High School Diploma

Five (5) years driving experience

e In possession of a General Driver's License

e Ability to carry out instructions

e Willingness anid Ability to use initiative

* Must be successful in required tests for drivers of Government vehicles
e Ability to communicate orally and in writing.

Interested persons must submit Resumes so as to arrive no later than
3 p.m., Wednesday, August 9, 2006 to:

The Permanent Secretary

Ministry of Education, Science & Technology
P. O. Box N 3913/14

Thompson Boulevard

Nassau, The Bahamas

Attention: Glenn W. P. Major —

IDB PROJECT EXECUTION UNIT
Telephone: (242)325-5200/325-4748

Fax: (242) 325-4660

Email: gmajoridbproject@yahoo.com



cy)






PAGE 10B, TUESDAY, AUGUST 8, 2006

SPORTS

TRIBUNE SPORTS





@ BASKETBALL
NPBA SUMMER
LEAGUE

The New Providence
Basketball Association
continued its summer
league on Saturday at
the CI Gibson Gym with
the following results
posted: .

MINI LEAGUE

No Bull Ballers
knocked off the Giants
29-22.

The Stars def. the
Shockers 17-7.

The Stars def. the
Giants 11-8.

SUPER MINI
LEAGUE

Da Basement def. the
Giants 26-15.

Real Deal Shockers
def. the Giants 60-18.

No Bull def. the Real

‘Deal Shockers 32-27.

The Real Deal Shock-
ers def. the Grants Town
Warriors 34-30. ~

Junior League

The Giants def. the
Shockers 43-42.

The Reokets def. the
Giants 38-33.

Note: Games are
played at the gym every
Tuesday, Wednesday
and Thursday for the
super mini and juniors,
starting at 3pm. The
mini play only on Satur-
day at 10am.

B TENNIS

The Bahamas Lawn
Tennis Association had
a 12-member team that
competed in the JITIC
2006 COTECC HSBC
JUNIOR (closed) CIR-
CUIT in the Boys and
Girls U-14, u- 16 & U-18
Tennis Championships
in EL Salvador from
July31 - August 5.

e Here’s a look at the
results posted:

MAIN DRAW

BOYS 18

Marcelo. ©
Arevalo(ESA) Def.
Jamaal Adderley (BAH)
6-2, 6-3

DOUBLES

Jamaal Adderley
(BAH)/Yohansey
Williams(TRI) Def.
Manique
Arrea(CRC)/Kenny
Turcios(HON) 6-1, 6-4;
Andres
Bucaro(GUA)/Cesar
Ramirez(MEX) def.
Cerron
Rolle(BAH)/Desta
Sandy(BAH) 6-1, 6-2;
Marcelo
Arevola(ESA)/Christian
Saravia(GUA) def. ©
Jamaal
Adderley(BAH)/Yoharis
ey Williams(TRI) 4-6, 6-
2, 7-6(7).

‘BOYS 16.

Jacob Fountain/Ash-
wood Halli (BAH) def.
Manuel Marenco/Pablo
Nunez(CRC) 6-4, 6-2;
Micheal Capozzi/Luis
Delgardo (DOM) def.
Jacob Fountain/Ash-

- wood Hall (BAH) 2-6, 6-
1, 6-3.

GIRLS 16

Cassandra
Escobar/Stephanie
Weadon(GUA) def.
Tershelle Burrows/Elan-
qua Griffins(BAH) 6-2,
6-2.

BOYS 14
Rodney Carey (BAH)

def. Stephen

Berger(GUA) 6-2, 6-3.

DOUBLES
Kevin °
Major/Johnathan Tay-
lor(BAH) def. Ibian
Hodgson/Josue
Hoek(ARU) © 1-6, 7-5,
’ 6-4; Oscar
_- Dominguez/Surgio
’ Tobal(DOM) def.
Kevin

Major/Johnathan Tay-
lor(BAH) 6-3, 6-2..

The team was coached
by Rodney Carey Sr.
and Paula Whitfield.









Sixth place finish |

for Bahamas golfers

@ GOLF
By BRENT STUBBS
Senior Sports Reporter

TEAM manager Agatha
Delancy said the Bahamas

Golf Federation’s national

team played as well as they
could have at-the 50th
Caribbean Amateur Golf
Championships.

The team returned from
Jamaica on Sunday with a
sixth place finish in the week-
long tournament that was
played at the Caymanas Golf
and Country Club.

The Bahamas accumulated
a total of 88 points from the
five divisions combined, 36
points behind Trinidad &
Tobago, which clinched the
title with 124.

Jamaica posted a second
place finish with 117 and the

‘Dominican Republic finished

third with 108.

“We had some other teams
that knew the greens better
than we did, but we struck the
ball and we struck it very
well,” Delancy reflected.

“We just had a lot of prob-
lems in reading the greens.
But I think if we could have
converted the amount of putts

that we missed, we would ~



have done much better.”
Delancy, the president of

the federation, said her rec-

ommendation to the execu-

tive board is that they must .

find a way to get the players

into a programme earlier so-

that we can work with them
with the assistance from the
local professional golfers to
help them improve their game
before they travel.

° Here’s a look at how we
fared in each division:

@ GEORGE TEALE
TROPHY FOR LADIES
The Bahamas best perfor-

mance came in this division

where the team of Sandi Mac-

Dougall (82-78-78-78-316),

Georgette Rolle (81-84-77-86-

328) and Michelean Poitier

(91-89-81-85-346) posted a

four-round total of 643 for

fourth place.
Jamaica won that title with

621. Trinidad & Tobago was .

second with 627 and. Puerto
Rico rounded out the top
three with 637.

Rolle, a senior at Texas

Southern University, said
although they didn’t finish as
well as they would have liked
to, they tried their best.

“We had a chance to win
after the third day, but
Jamaica and Trinidad played
really well on the last day to
beat us out,” she noted.

Rolle, 21, said the greens
they played on really made a
difference in winning and los-
ing. However, she said they
proved that they have the
capability of playing with their
peers in the Caribbean.

@ HOERMAN CUP

FOR REGULARS

Thomas Bethel turned in
the best individual perfor-
mance with 298 (78-79-68-73),
Edrick Poitier shot 307 (76-
71-77-77), Peter McIntosh 318
(81-74-84-79), Scott Mac-
Dougall 320 (80-80-81-79) and
Orien Butler 324 (85-80-79-
80) as they combined for sixth
place with 1238.

The Dominican Republic
captured the title with 1182.
Trinidad was second with 1190
and Puerto Rico came third
with 1202.

McIntosh, who qualified for
the mid-amateurs but decid-
ed to play with the regulars at
the tournament, agreed with

Delancy that their putting was |

the team’s downfall.
“The teams that shot low

were the teams that made the
putts that we missed,” he stat-
ed. “We don’t have the greens
no where in the Bahamas that
we played on over there.

“Those hills were tough to
climb. That was the first time
that I had to walk up 100 feet
to get to the fairway. We just
have to find a golf course that
presents the amount of chal-
lenges that we faced to play
on before we go to another
tournament.”

B THE RAMON BAEZ
TROPHY. FOR
MID-AMATEURS
The team of Chris Harris

‘and Alex Gibson combined

for scores of 71-72-76 for a 219
total to finish tied for fifth with
the US Virgin Islands.

The Dominican Republic
also claimed that crown with
210. The OECS was second
with 215 and Trinidad was
third with 215.

@ FRANCIS/
STEELE-PERKINS CUP
FOR SENIORS
The team of Vernon Wells

and Milford ‘Shaggy’ Lock-

hart could only muster a 299

(76-73-75-75) for eighth place.
Barbados finished on top

'

with 277. Jamaica got second
with 286 and the Cayman
Islands was third with 287.

Lockhart, however, said
while they hit the ball better
than their opponents, they are
missing something which has
hampered them from moving
up the ladder.

“The physical part is not as
great as the mental part,” he
said. “I think the game is 90
per cent mental. So what we
need to do is to work more
stronger and diligently on the
mental side of the game.

“Maybe we are taking a lot

of situations for granted.

Maybe that needs to be cor-
rected. We can hit the ball,
but we just need to be more
competitive when it come
down to the mental part of
our panies

B@ THE HIGGS & HIGGS
TROPHY FOR SUPER
SENIORS
The team of Prince ‘Zorro’

Stubbs and Dr. John Mac-

Dougall shot a 226 (76-78-72)

for eighth place.

The US Virgin Islands came

" out on top with 226. Trinidad

ended up second with 216 and
Puerto Rico was third with
218.:

All Stars shine
against Chelsea

MLS All Stars' Jaime Moreno, right, looks to
a pass past Chelsea's Michael Ballack, center, and
Michael Essien during the first half of a soccer
match at Toyota Park, Saturday, Aug. 5, 2006, in
Bridgeview, Ill. The All Stars won, 1-0.

(AP Eire Nam Y. Huh)



ini

BAAA juniors train in Beijing, China

M@ TRACK AND FIELD
By KELSIE JOHNSON
Junior Sports Reporter

THE success of pre-training camps
has inspired the Bahamas Association
of Athletic Association (BAAA) to take
on a new approach for its junior pro-
gramme.

On Sunday past, the 14-member squad
landed in Beijing, China, for training for
the World Junior Championships.

The World Junior Championships are
being held in Beijing from August 15th-
20th. The Bahamas team is training at
the Regional Developmental Center
(RDC).

Team Bahamas is not the only country
to take advantage of the training camp,
they will join up with Jamaica, Trinidad
and Tobago, Barbados and Cuba.

This is the first time the Bahamas has
sent a junior team to a pre-training camp

and, according to president Mike Sands,
the new adoption by the BAAA will be
a continuous programme.

The training camp is designed to help
the athletes adapt to the country’s cli-
mate and time zone. The athletes will
also develop a bond between themselves
with the main focus being placed on
those in the relay teams.

Sands said: “I can safely say that the
team arrived in Beijing, China where
they will join in at the Regional Devel-
opmental Center, for training camp.

“The World Junior Championships is
the highlight of any junior athlete career,
the next level can only be the senior.
The juniors who are capable of making
the qualifying standards are elite ath-
letes in their category.”

Sands, who pointed out the amount
of countries that had confirmed their
participation, mentioned the large num-
ber of athletes who were able to qualify.

According to him, this is the largest
contingent the Bahamas has put togeth-
er: “Not only is the Bahamas making
history, but this is also the largest amount
of countries entered to participate.”

More than 182 countries have con-
firmed to partake in the 11th IAAF
World Junior Championships.

“Tam so excited about this pro-
gramme, and the fact that we had a num-
ber of athletes qualified,” said Sands.

“This really says something about the
future of track and field in the Bahamas.
One of the key eliminates is to develop a
bond between the athletes. What usu-
ally happens in training camp is the ath-
letes will be given an opportunity to see
their opponents instead of waiting to see
them when they line-up.”

_ Sands thanked the government for
taking full control of the financial burden
that the trip into Beijing, China, was cre-
ating.

On Thursday, the Prime Minister Per-
ry Christie along with several other
Member of Parliament presented Sands
and the BAAA with a cheque in the
amount of $85,000.

“This is the largest team to represent
the Bahamas at these games, and of
course the expense was astronomical.
So we made a plea to the government for
assistance.

“J am very pleased to say and pub-
licly thank the Prime Minister and his
cabinet.

“I also understand, in particular, that
one of our former president and present
Minister in the government, Dr

-Nottage, has assisted us by funding the

trip.
“They came to our rescue, they are

. why we are being represented in Bei-

”

jing.
The IAAF World Junior Champi-
onships is a bi-annual meet.

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. TRIBUNE SPORTS TUESDAY, AUGUST 8, 2006, PAGE 11B



Strauss century helps Engla
Teche Mt mt liet ee



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TUESDAY, AUGUST 8, 2006

SECTION.

Fax: (242) 328-2398

E-Mail: sports@100jamz.com

Sy NVAITTE
athletes face
CONCHA Nia
at World Junior
Championships

@ TRACK AND FIELD
By KELSIE
JOHNSON
Junior Sports
Reporter

THE morning session
at the 11th IAAF World
Junior Championships
will be a gruelling one
for the Bahamas, with
nine of the athletes get-
ting some action.

Competition in the
games is set to get
underway on Tuesday,
August 15th with the 100
metre dash being the
first track event for both
men and women.

The gun is expected to
fire at 9.05am, for the
first heat for men, in the
event. This will be fol-
lowed by the women’s
first heat at.10.05am.

Representing the
Bahamas in the latter
will be Sheniqua Fergu-

son, T’Shonda Webb, ©
Carl Stuart and Juan
Lewis.

Scheduled

The semi-final rounds
for the 100m are sched-"
uled for the afternoon
session...

In the 400m, which fol-
lows the heats of the
100m, Cache Armbris-
ter, Ramon Miller.and
Jameson Strachan will
take to the track hoping
to post fast times which
will secure a spot in the
semis. °

The 400m semi-final
rounds will be run on
Wednesday. ;

Also competing in the
morning session will be
Bianca Stuart, in the
women’s long jump.
Jamal Wilson will have
to put on his jumping
shoes, as the qualifica-
tion rounds for the
men’s high jump will be
the final field event for a
Bahamian athlete.

Heats

The Bahamas will field
a men’s 4x400m team
and a female 4x100m
team. The heats for
these events are set for
the morning session of
the fifth day of competi-
tion.

The 14-member.team
includes Sheniqua Fer-
guson, T'Shonda Webb,
Nivea Smith, Bianca
Stuart, Lanece Clarke,
Cache Armbrister, Carl
Stuart, Ramon Miller,
Jameson Strachan,
Jamaal Wilson, Rudon
Bastian, Juan Lewis,
Jamal Butler and Carlyle
Thompson.







@ BOXING
By BRENT STUBBS
Senior Sports Reporter

IT WAS a quick night for
Sherman ‘the Tank’ Williams
in the ring on Friday as he suc-
cessfully defended his NBA
and WBC FEDECaribe
heavyweight titles. ;

Williams, 33, caught Ameri-
can Josh Gutcher with a flurry
70 seconds into the first round
for a technical knockout in the
co-main event at the South
Coast Hotel & Casino in Las
Vegas, Nevada.

In an interview with The
Tribune on Monday, Williams
said:he wasn’t looking for the
historic knockout, but he want-
ed to teach 63 Gutcher a les-
son.

“He was trying to be a tough
guy. At the press conference,
he had a smart mouth and I
told him I was going to do my
talking in the ring and that was
what I did,” Williams reflected.

Right from when the bell

sounded, Williams said Gutch-

er,came out as, the aggressor
with his jab. But Williams said,
after he cut off the ring rope
and landed an overhand right

and a left hook, that signalled .

the end for Gutcher.

- Knockout

“That was the quickest
knockout I’ve had to date,”
Williams proclaimed. “I made
history with two title defences
with a knockout. Seventy sec-
onds. I don’t think it could get
any better than that.”.

Williams, a Grand Bahama "

native fighting out of Florida
under Silver Hawks Promo-
tions, defended the NBA
Heavyweight title that he won
over David Washington on
March 31.

It was also his first defence
of the FEDECaribe title that
he won, on December 6 over
Miguel Otero at the Kendal
Isaacs Gymnasium..-

“It feels great. To be hon-
est with you, I really worked
hard,” said Williams as he con-
tinued to celebrate his latest
achievement. “I was.supposed
to fight on June 29, but that
fight was postponed.

“But what I did, despite the
postponement, was to contin-
ue training. I went to Ham-
burg, Germany in a sparring
session and I trained hard
there. This was just the benefit
of the hard work that I put in.”

But what Williams enjoyed
the most was where he actual-
ly won - on the big stage in
Las Vegas.

“Everybody was there,” he

admitted. “All the boxing writ- °

ers, all the big people in boxing
were there. So I was seen by

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the right crowd. That’s the
thing that I relish the most
right now.

“I went in there and totally
destroyed Josh Gutcher and I
did it in style with a first round
knockout over the who’s who
in boxing. I couldn’t ask for a

‘better performance.”

Williams said he intends to
take the rest of the week off to
recuperate and enjoy his suc-
cess. ;








‘But he doesn’t intend to rest
to long on his laurels because if

' the opportunity presents itself

for him to fight again
next month, he will be pre-
pared to step back into the
ring.

“[’m just waiting to sit down
with my management team
and decide where I will go
from here,” he charged.
“Hopefully before the year is
out, I will be in the ring with a

@ SHERMAN ‘THE TANK’ WILLIAMS -

(FILE Photo)

top ten fighter or even fight
for a major international title.

“Silver Hawk Promotions is
still talking about the Mike

‘Tyson fight. His problem is

getting a licence. But if that
comes through, I’m sure that I
will be ready for that challenge
as well.”

In the meantime, Williams
said whatever comes up, he
will be ready to go back into
the ring because, on Friday





night, he only needed 70sec-:

onds to get a workout.



in seventy seconds

“I’m satisfied with the way: -

my team is handling my career
right now,” he insisted.

“In one year, we have _
wracked up six victories, two’ -

by knockout and I won the

NBA title with a third round ©

knockout and here I am
defending that title and the
FEDECaribe with a knock-
out.” :