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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BAHAMAS EDITION

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Volume: 102 No.218



BUSINESS



CCT ios 15% a year
Growth in assets

FESS ETSI



MONDAY, AUGUST 14, 2006









terse

Non-shift staff reportedly Laying MTR nte eae et Straw WW Era ca

$

directed not to work
over the weekend

@ By PAUL G TURNQUEST.
Tribune Staff Reporter.

MORE power cuts brought
misery to householders over the
weekend as some BEC work-
ers defied a court order to
return to work.

Despite a Supreme Court
injunction requiring members
of the Bahamas Electricity
Workers Union (BEWV) to
refrain from further industrial
action, non-shift workers were
reportedly directed not to work

over the weekend. Consumers °

in New Providence. and the
Family Islands were affected.
According to Bahamas Elec-
tricity Corporation (BEC) man-
agement, this action had caused
“continued inconvenience” to

BEC customers in Abaco. and
Exuma. A small number of con-
sumers in Nassau were also
affected.

“On Thursday evening, the
dispute between the Bahamas
Electricity Corporation and the
Bahamas Electrical Workers
Union (BEWU) was referred
by the Minister of Labour and
Immigration Shane Gibson to
the Industrial Tribunal,.a
process that mandates that all

‘ industrial action must cease.

“Additionally, on Friday
evening, there’ was an injunc-
tion obtained from the Supreme
Court of the Bahamas requir-
ing the BEWU to.refrain from
further industrial action and to

SEE page 15

Shooting victim
dies in hospital

a By ROYANNE F. DARVILLE

Tribune Staff Writer

“THE woman shot outside her home on Montrose Avenue on -

Tuesday night has died, police press liaison officer Walter Evans

told The Tribune yesterday.

‘Melissa Taylor was shot in the head in the early morning hours
by a male assailant who fled the scene before police aes
On Thursday, she died at Doctors Hospital.

: The culprit remains at large.

Mr Evans said police are still searching for the person or persons
responsible for firing the fatal shot.

_ © In other crime news, a 17-year- -old survived a brutal attack while
walking: along Mackey Street and Wulff Road in the le catty hours on

| SEE page 15_

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- FOUNDATIONS are in place at the site of what will
be the new Straw Market on Bay Street — pictured at the

weekend.

Straw vendors have said they are eager to witness the
start of construction. Although expressing their thanks for
the temporary accommodation — since fire destroyed the
original site in 2001, the vendors have voiced their hope

to see ‘some sign of progress’ in the near future.
: (Photo: Onan Bridgewater/Tribune staff)

FNM will not US pr

support LNG |
unless ‘all
safeguards

are in place’

@ By PAUL G TURNQUEST
Tribune Staff Reporter

FINALLY taking a stance on
the much-debated proposal for
a Liquefied Natural Gas (LNG)
terminal being built in the
Bahamas, the FNM _ has
announced that it will not sup-
port the introduction of such a

“dangerous industry” unless all :

proper precautions and safe-
guards were in place.

A statement on the FNM’s
website reads: “On Thursday
past environmentalists gathered
to discuss the supposedly
approved AES project to intro-
duce an LNG re-gasification

plant at Ocean Cay. Excerpts

from a report'read at the meet-
ing suggest that environmental

SEE page 15



‘





after computer glitch

a By PAUL G TURNQUEST
Tribune Staff Reporter

UNITED STATES pre-clear-

ance at Lynden Pindling Inter-
national Airport is open onceâ„¢

again after US authorities fixed
a “small” computer glitch which
shut down the airport’s pre-
clearance capabilities on Friday
afternoon.
Although local screening

equipment was unable to con-
nect ‘with computers in the US,
no flights were directly affected
by the announcement.
Starting. on Friday at about
3pm, pre-clearance. at Nassau
and Freeport international air-
ports was closed, causing pas-
sengers to go through immigra-
tion.and customs in the US.

SEE page 15

DPM denies. surveillance
missions aircraft is for sale

@ By ROYANNE F DARVILLE

Tribune Staff Reporter



DEPUTY Prime Minister Cynthia Pratt yesterday denied claims
that a Cessna 402 aircraft bought for Royal Bahamas Defence
Force surveillance missions is for sale.

The DPM, who is also responsible for national security, explained
that the executive-type plane will become the official plane for gov-
ernment use in an attempt to cut back on the high cost of charters.
She said small aircraft more suitable for military purposes will be

SEE page 15

© Pieces of Chicken
© ox Large Order Banewe> ala
és Biolaot gadind







e-clearance opens Local doctors

question
Cuban eyecare
programme

DOCTORS are concerned
that “shoddy procedures” are
being used on patients seek-
ing eye operations in Cuba.

They believe sub-standard
treatment is leading to seri-
ous complications, including
iris damage, cloudiness in the
cornea and poor stitching.

Local ophthalmologists are
now asking questions about
the Cuban eyecare pro-
gramme in the Bahamas.
They want to be sure Bahami-
ans are receiving the right lev-
el of care.

Sponsored by Cuban Presi-
dent Fidel Castro, the pro-
gramme sent 4,000 of its
10,000 ophthalmologists last
year to the Bahamas and oth-
er Caribbean countries offer-
ing free transportation and
surgery in Cuba for patients

SEE page 14









PAGE 2, MONDAY, AUGUST 14, 2006

THE TRIBUNE



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Tribune publisher denies
Immigration Dept requested details
over managing editor position

TRIBUNE publisher Eileen
Carron today denied that the
Immigration Department had
requested The Tribune to sub-
mit details of its attempts to
Bahamianise the position of its
managing editor, John Marquis.

However, sometime in

March Mr Gibson had instruct-

ed the Labour Department to
send an inspector to The Tri-

bune to interview both Mr Mar- |

quis and his Bahamian replace-
ment. The department is yet to
make an appointment with The
Tribune for this interview.

In the House of Assembly
on Wednesday Labour and

. Immigration Minister Shane

Gibson told the House that he

‘had requested “information

from 145 companies. Only one
did not comply — The Tribune.

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@ MINISTER of Labour and
Immigration Shane Gibson

One! I asked all the same ques-
tions, some wrote detailed
reports showing me ae train-
ing process.’

YOUR CONNECTION-TO 18 WORLD

Mr Gibson said he asked all
‘of the companies “the same
thing”. Not only did some write
detailed reports, he said, but
“some came with their power-
point presentation showing
me.’

“We don’t know in what
form Mr Gibson made his
request to these 145 compa-
nies,” said Mrs Carron; “but
The Tribune was not one of
them. The Tribune received no
request from. Immigration to
produce a report of its training
programmes or how it was
Bahamianising its staff. How-
ever, four months after our
application for Mr Marquis was
submitted to the Immigration
Department, Immigration sent
its first letter to The Tribune
informing us that Mr Marquis’
application had been deferred
‘to ensure what efforts have
been made to Bahamianise the
position.’ It also asked for an
editorial staff list. This was hand
delivered to the Minister’s office
the day before he spoke in the
House of Assembly last week.

“We have no problem meet-
ing with the Minister, but at no
time were we asked to either
meet with him or to submit a
report,” said Mrs Carron.

“Over the years we have met
with Sir Lynden Pindling, and
two of the FNM’s several
Labour ministers to discuss our
training programmes — all at
their request:

. “It was four months — on —

July 31 —after submitting our
application for the renewal of
Mr Marquis’ work permit that
we received a letter dated July
18 from the Immigration
Department. In that letter we
were requested to ‘submit a
staff list indicating names,

SEE page 13

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THE TRIBUNE









PM Christie
returns to
Nassau after
exercises

PRIME Minister Perry
Christie returns to Nassau today
after attending commencement
exercises held yesterday at the
Northern Caribbean University
in Mandeville, Jamaica.

Senator
asked to
explain ties
to dealer

PUERTO RICO
San Juan

A SENATOR accused of
having ties to a slain drug deal-
er should explain his connec-
tions to the man, a political
leader said Sunday, in a growing
scandal in the US territory,
according to Associated Press.

Senator Hector Martinez, of
the New Progressive Party, ini-
tially said he did not have links
to Jose “Coquito” Lopez, but
later acknowledged signing a
concealed weapons permit for
him. Martinez was also pho-
tographed on three official
prison visits with Lopez — who
allegedly controlled the drug
trade in northeast Puerto Rico
—.as head of the Senate’s pub-
lic safety panel.

“He has delayed giving an
explanation for too long,” said
Jorge Santini, New Progressive
Party vice president.

Martinez, who has denied any
wrongdoing, has temporarily
stepped down from his role as
head of the public safety panel.
Federal authorities and Puerto
Rico’s Justice Department are
investigating allegations that he
and at least two other lawmak-
ers had close ties to Lopez.

Tourist is _
stabbed to.
death in

Jamaica -

a JAMAICA
Kingston

AN Australian tourist was
found stabbed to death and his
hotel room ransacked in the
northern Jamaican resort town
of Montego Bay, police said

Saturday, according to Associ-

ated Press.

Authorities were investigat-
ing the killing of 27-year-old
Brian Johnston, of Melbourne,
who was found Friday with mul-
tiple stab wounds, police Con-
stable Richard Myers said.

MByMARKHUMES

HOPING to dispel rumours
of a $90,000 pay-out to the
Valley Boys Junkanoo Group,
Peter Adderley, director and

co-ordinator of Feel The Rush,
said any such suggestion is
unfortunate and misleading.

After promoting a $90,000
cash purse, rumours began cir-
culating that the Valley Boys,
as overall winners of the Feel
The Rush junkanoo competi-
tion held in Grand Bahama
last weekend, had received the
prize.

However, Mr Adderley told

The Tribune that it was most â„¢

unfortunate that some print
media suggested the Valley
Boys had won the sum for
their victory in the parade.

“That is most misleading,”
said Mr Adderley, “and I am
certain it can affect their solic-
itation campaign for the New
Year’s and Boxing Day
Parades.”

“Moreover,” he added, “it
is possible that it can create
some chaos as it relates to
accountability for the leader-
ship. So, for the record, I want
to make it quite clear that the
overall winners share a $40,000
pot, which is $16,000 for the
winner, $10,000 for second,
$8,000 for third and $5,000 for
fourth place.”

The other $50,000, said Mr
Adderley, went to groups win-
ning the best music, costume,
off-the-shoulder, choreogra-
phy, no brass zone, and best
performance on the Seventeen
Mall backstretch awards.

“At no time did we say, win
ner takes all,” Mr Adderley

said in declaring the Valley,

Boys did not receive the full
sum. “As a matter of fact, I
find it so important to put forth
this information to the public
because, when the idea of a
pot prize was presented, we
wanted to give the overall win-
ners much more. But it was
Gus Cooper, in particular, who

i - thought it was important from

the first Feel The Rush that
there was parity in the prizes.”
Expressing his appreciation
to.Mr Cooper for his sugges-
tion, Mr Adderley said it was
unfortunate that he is now the
focus of the rumours. *
Despite the mix-up, Mr
Adderley said he was delighted



LOCAL NEWS



‘i THE Valley Boys dancers

that the Valley Boys had
accepted his invitation to put
on a workshop and give Bimi-
ni a full parade performance
during the Bimini Celebration
Rush activities on Friday and
Saturday, August 25 and 26.
Results of Grand Bahama’s
Feel The Rush competition:
Best Choreographed Dancers -
Valley Boys ($1,000), Best Off-
the-Shoulder - Saxon ($1,000),
Best Lead Costume - Ist

@ PRIME Minister Perry Christie getting in the spirit

Grand Bahama All Stars
($8,000), 2nd Valley Boys
($6,000), 3rd Saxons ($4,000),
Best Banner - (Tie: Saxon and
Valley Boys), 3rd One Family,
Best Performance on the Sev-
enteen Mall Backstretch - Ist
Saxons, 2nd Grand Bahama
All Stars, 3rd Valley Boys
($3,000 to be divided, between
winners), No Brass Zone Win-
ner - One Family ($2,000),
Best Music - 1st Valley Boys,

Film festival wins praise for
focusing on breast cancer

THE Bahamas Film Festi-
val has won praise from the
Minister of Health for high-
lighting the issue of breast

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cancer.

The four-day festival was offi-
cially opened last Wednesday
at Galleria Cinemas, John F
Kennedy Drive with the pre-
mieré of the movie Survivor,
written and directed by festival
producer, Celi Moss. The movie
is. about a breast cancer survivor
who has had a mastectomy,
then falls in love with a man
and the issues surrounding that.

Terry Fountain, president of
The Cancer Society of The

‘Bahamas was on hand. to

endorse the movie and salute
Mr Moss for choosing such a
timely topic.

Minister of Health, Dr
Bernard Nottage, who was also
present, spoke of the impor-
tance of giving as much expo-
sure to the topic of breast can-
cer as possible. He also praised
the festival organisers for their

role in Bahamian film making.



From the Bahamian enter-
tainment scene, Alia Coley,
Trey “Anku” Eneas, Kevin
Strakan, Fred Ferguson and

many more were on hand. Also
in town for the festival was
famed comedian Don DC Cur-
ry from Comic View (BET),
who is no stranger to this town
having been here three times in
one month already. ~

The entire festival was dedi-
cated to the memory of Kayla
Lockhart Edwards. 0

A special guest at the festi-
val was Jeff Friday, the CEO of
the American Black Film Festi-

- val and the CEO of the Ameri-

can Black Movie Awards.

LD TOE BONG NeW








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PAGE 4, MONDAY, AUGUST 14, 2006

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE



The Tribune Limited

NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmas of No Master

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

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G.,

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1 972-

Published Daily Monday to Saturday

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

TELEPHONES
Switenboded (News, Circulation and Advertising) 322- 1986
Advertising Manager - (242) 502-2352

Reliving the past through our files

IT’S FASCINATING going through The
Tribune’s files — particularly the political
files.

It is most interesting to see in how many
directions a politician’s windmill can swing
during the course of his political career. One
day his. opinion is on this side of the fence, in
a few weeks time — especially if he has
changed party. affiliation — it’s on the other
side. Some don’t seem to have very.firm prin-
ciples and so it’s like following shifting sands
to get a fix on which direction they might be
headed in next. Others are more predictable,
that is if one understands their ultimate goal.
And so for them, moving from position to
position to reach that goal:can be a part of

their strategy — in other words, for them,

their political ambition justifies any machi-
avellian means used to achieve it.

Historians of the future are not going to be
very kind to some when they study the pattern
of their shifts on vital issues.

This weekend we were looking through the
press files as that seems to be the hot subject
in local news.

The Tribune and its reporters -have been

accused of many things, but the late PLP.

Oakes Field MP Philip Pinder gave their vices

. a new twist on the floor of the House of °
Assembly on. April 12, 1989 — three years °

before the fall of the Pindling administration.

. The Tribune, that evil old institution that
corrupts the minds of young journalists, was
accused that year of having ESP — Extra Sen-
sory Perception. How’else would it-know the
Pindling government’s every move — even
before its own backbench? This was of par-
ticular annoyance to government back-
benchers in those years.

“I must commend The Tribune for their
covert operations in the last 23 years,” Mr
Pinder said, “because no matter what, no mat-
ter when, no matter whether they are to be
fired or whether they are to be hired... The
Tribune’s got it. The Tribune announced the
two Ministers on the front bench six months
before they were appointed. I believe that the
only reason they were appointed was because
The Tribune announced it. And it was a fact.

“Now whether The Tribune has, and I have
to be careful how I say this because if there is
a covert operation it’s classified, and I don’t

want to get caught in an Oliver North situation. -

where the fellow tells me and then he says:
Who me? .
“But I believe that either there is some

form of eavesdropping equipment up there ©

somewhere because it has been going on now
for 23 years and The Tribune always manages

to come out with a heading: ‘Sherwin Thomp-

son gets monopoly on duty free shopping.’

“Somehow, in about a year, Sherwin
Thompson will get the monopoly on the duty
free shopping stores. It will be denied vehe-
mently for the next year but somehow, if The
Tribune goes to bold type, I mean headline,
without a question mark? Bold type as a state-
ment of fact...” he said rubbing his chubby
hands together as if to say: “That’s it!”

“ESP!” a House member shouted.

Mr Pinder said that sometimes The Tribune’

reports “a lot of things that are irresponsible,
not necessarily untrue, but irresponsible. But
I think in this particular case, you are talking
about two nights in a row they had the head-

line and the name of the company, the name _

of the gentleman, the name of his partner...”

“Photograph too!” a member shouted from
across the floor. _

“Tt’s just like Carnival,” complained Mr Pin-
der. “The Tribune knew about it. I am an hon-
ourable member for the PLP on the back-
bench and I think I should know of it after
Cabinet. Cabinet first and then honourable
backbenchers. And The Tribune has reported
that the Cable Beach Hotel was sold six
months before it was announced.” .

Mr Pinder and his colleagues on the back- —

bench were most put out that The Tribune
had come between them and their Front
Bench. ~

If they had had an ounce of political sense
they would have seen the handwriting on the
wall. The Pindling government was falling
apart at the seams, and these leaks predicted
their election defeat in 1992.

When the PLP first came to power in 1967,
the Bahamian people and the civil service
were such staunch supporters that The. Tri-
bune could not even get legitimate informa-
tion. Those were difficult days. It was even
politically incorrect to be seen talking in pub-
lic with the owners of this newspaper.

But we kept chipping away. Eventually we
found a chink in their armour.

Sometime after Mr Pinder’s outburst we
were advised: If you know of something that
will be good for the country, hold back. They
don’t want the public to see that The Tribune
is right again. Government will either cancel or
delay to put The Tribune in the wrong.

The Tribune quickly changed its tactics.

If a government decision was for the coun-

try’s benefit, we let government make the

announcement. However, if it were otherwise,
we would always jump the gun knowing the
project was sure either to be dropped or
delayed.

In those days it was like playing a game of
chess with a government that had lost the
minds and hearts of the people.

Even that we knew before them.



Bahamas Bus & Truck Co., EGE

MONTROSE AVE.

PHONE: 322-1722 ¢ FAX: 326-7452

The forgotten
art of showing
our gratitude

EDITOR, The Tribune

- THANKS is not a word
that is often heard in today’s
world. I once called a five-

' year-old relative on a hot

summer’s day and gave her a
dollar out of the kindness of
my heart, thinking that she
would quickly say thanks like
I used to as a child (when
receiving similar gifts) and
run to a store for a cold soda
or an ice-cream cone. I shall
never forget the innocent
looking little child’s response:
“That’s all? Where’s the next
dollar?” Before returning to
her game the child did some-
thing that was uniquely
Bahamian — she sucked her
teeth, then said the much

anticipated words — “Thank
you.’
At first I was quite amused,

but twenty-four hours later,
upon reflection and deeper

- contemplation, I found myself

amazed.

Jesus healed ten men of a
life threatening disease that
had not only banished them
from society but had also rav-
aged their bodies and no
doubt made them wince in
excruciating pain. Realising

that their skin was restored |

with their health, in their
haste and mad rush to return
to life and business as usual,
nine of the ten, or to put it
another way, ninety-percent
of them didn’t even say:
“Thanks you, Jesus.” My
point is a very simple‘ one, and
that is - thanklessness or
ingratitude is not at all a new
phenomenon.

Sometimes people can have
as much as a thousand ways
to say thanks; a smile, hand-
shake, or even a pat on the

back, but I have found that.

the most lasting way to say it,
so as to make the greatest

‘impression and impact is to
‘say it either by way of the spo-

ken or written word— “Thank
you”...
Suppose every ‘college

- graduate, business person

and ordinary everyday
Bahamian that, was able to
land himself a job in this

country were to return to the -

classroom to at least one
teacher that made a differ-
ence in his or her life and just
say a simple “Thank you.”
Oh, it won’t make a differ-

ence you may say, but I am

sure it will sprinkle their day
with the sugars of heaven and

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Salary i is commensurate with experience and
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Interested persons may apply via email ONLY to:
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No personal callers please

Hard Rock Cafe’
Charlotte Street North,
Downtown Nassau





LETTERS

Oe esau taal ea

crystallise it with a sweetener
from the upper world — in
other words you’ll make their
day. The word “thanks,” is
never irrelevant and it is one
word that never goes out of
style.

In this light, as a customer
of BTC for a good number of
years now, I wish to express,
with deepest admiration, my
respect for the exceptional
work done for me and per-
haps by extension thousands
of customers in this country
by the outstanding employees
of BTC.

Don’t get me wrong; no one.

is saying that the organisation
is perfect, in fact, no organi-

' sation or human being is. But

the level of service delivered
by the staff especially what
I’ve encountered first hand
certainly makes me rate their
service so high on the scale of
one to ten that I must admit
the service delivery, and pro-
fessionalism makes me think
of it as the epitome of excel-
lence.

Mr Williams, I have ,been
so impressed by the service
delivered to me by a num-
ber of persons on your staff
over the years whether it was
in connection with technical
difficulties with my DSL,
water in my phone'line, or
having interrupted service

restored after a storm — I:

have come to a few coriclu-
sions.

Firstly, your staff is well

equipped and very well
trained, and this was especial-
ly true with the ones I’ve
encountered, as I found them

_ to be very dedicated individu-

als also. Not one of the per-
sons that I shall mention has a
clue that their name will
appear in this column, but I
want to do it, firstly, to thank

‘them publicly for a job well

done, and secondly, to let
them know that the world is
watching them.

God: knows that a few
names will slip my: memory,

but here are a few of the ones:

that have helped me
immensely. Mrs Lavern
Rolle-Bowe, (Credit-Admin)
what a kind, conscientious
and helpful woman she is?
When I first moved to my pre-

sent location a number of
years ago she worked assidu-
ously to get me set up and
made me feel as if she left no
stone unturned in her pursuit
to satisfy the customer. She
doesn’t have to wear a dia-
mond, but in my book she will
always be one.

Mr Hilbert Collie’s (super-
visor at Camperdown) assis-
tance is nothing short of
miraculous. Whenever I’m
having difficulties with my
phone-line (rare though they
may be), or if I feel that my
wait is unduly long after lodg-
ing a complaint, I must say
that this gentleman is as swift
as an eagle in bringing a run-

away complaint to a screech- .°.

ing halt. He doesn’t find
excuses; he finds competent
technicians, and for that I’m
indeed grateful. .

Ms Nekisha Simms (Pro:
ject-Mang) is a very dedicated
young lady. She competently
answers any questions or
queries that I may have

‘directed towards her and.

whatever questions she may
not have an immediate
answer for, she returns a call
after doing the necessary and,
need IJ add, thorough investi-

- gation. Keep up the fine work

Ms Simms.

Mr Hayden Blackman and
his colleague, Mr Sean Per-
pall, are highly proficient tech-
nicians that Mr Collie usually
sends to make repairs when-
ever a difficulty arises. These
gentlemen know their craft
and it doesn’t take them long
to run tests and get the prob-
lems resolved. Thank you, sirs.
You represent your Cotppra-
tion very well...

Mr Leon Williams, if it is
indeed true that this is the
greatest little country in the
world, then by necessity it
must also be true that the
above mentioned individu-
als are among the greatest
little people in our country.
Not only are they fine per-
formers in your organisa-
tion, but they are also fine
feathers in your huge ‘hat.
The thing that separates
your outstanding crew from
so many throughout’the
public service is simply this
— they don’t. merely serve
for a living they serve for
life.

CLINT SEYMOUR |.
Nassau
August 2006

NOTICE OF THE ANNUAL
GENERAL MEETING
To: All members of the Paradise Island Resort &

Casino Co-operative Credit Union (PIRCCCU)
Limited, #9 Village Road.

Notice.is hereby given that the Twenty-first
(21st) Annual General Meeting of the Paradise
Island Resort & Casino Co-operative Credit
Union Limited will be held at the Credit Union’s
premises, #9 Village Road, Nassau, Bahamas on

August 19th 2006 commencing at
9: ‘00 a.m.

For the fallowine purposes:

To receive the Report of the Board of Directors for 2005

To receive the Audited Accounts for 2005

To take action on such matters as may come before the meeting.
To elect members of the Board of Directors

THERE WILL NOT BE A SECOND MEETING
AS PER THE CO-OPERATIVE ACT 2005
SECTION 22

Linda Symonette

Secretary
August Ist 2006





THE TRIBUNE









acht
captain held
in gambling
probe

BH BERMUDA
Hamilton

THE captain of a luxury
yacht was in police custody in
this British Caribbean territo-
ry on Saturday after his arrest
on suspicion of breaching the
island’s anti-gaming laws,
according to Associated Press.

Police and customs officers
raided the 196-foot. Pana-
manian-registered vessel on
Friday while it was moored
off Bermuda’s coast. Author-
ities arrested the captain,
whose name and nationality
were not disclosed, and seized
numerous gaming machines,
computers and documents.

Llewellyn Peniston, attor-
ney for the ship’s owner,
Estrellas Management Ltd.,
told The Royal Gazette
newspaper that the captain
was arrested on suspicion of
bringing gaming machines
into the island’s territory, 602
miles from the United States
in the mid-Atlantic.

Bermuda lawmakers
banned gaming machines in
2001, arguing the coin-oper-
ated devices, which simulate
games of chance such as pok-
er or blackjack, were driving
some islanders into debt.
Machine operators can face
fines of US$250,000 and five
years in prison under the law,

which went into effect July: 4

2004.

Casinos with table games
are- banned in Bermuda, as
are gaming machines. How-
ever, certain betting activi-
ties, such as sports betting
pools, are permitted.

Peniston said the vessel
could legally get around
Bermuda’s gaming prohibi-
tion by operating some 12
miles offshore in interna-
tional waters.

iti |

EXTERMINATORS
Tas)
PHONE: 822-2157






i By MARK HUMES

: As the trend in selling,prime
land to foreigners continues to
‘grow in the Bahamas and the
‘Caribbean, fears of a major

social confrontation with natives |

‘is not a concern as the “ebb and
flow” in buying and selling prac-
tices tend to address those
issues, a leading realtor has
claimed. .

: In light of public outcry over
large parcels of land being sold
to foreigners for real estate
idevelopment, the rising cost of
land values throughout the
‘Bahamas, and the public row
‘between Discovery Land and
‘Abaconians, Mr Franklyn Wil-
ison went on record to clear up
misconceptions that a land row
issue which has become central
to Barbadian politics will have
yamifications here.

: In Barbados, it was reported
that a former senator predict-
ied that by 2010, Barbados will
‘be owned primarily by foreign-
ers and, as a result, one reli-
‘gious leader said: “Unless there
is'a change of policy, our coun-
‘try is heading for social dislo-
cation.”

: However, according to Mr
‘Wilson, one difference between
tthe Bahamas and Barbados is
‘that the Bahamas has more land
space. Therefore, any idea of a

‘social confrontation ove land -

is greatly reduced.

: “There is no question that
land values are escalating in a
‘lot of Caribbean countries that
are perceived as stable,” said
‘Mr Wilson. “When people are
‘talking about buying real estate,
‘they want a comfort level that
they are going to enjoy, with a

relative degree of protection.

‘against. government expropria-._

tion and political instability.” _.
He said there is a Catch-22

in all of these countries, saying
that without foreign: develop-
ers, the land is of very little val-
ue. :

. Mr Wilson said that, in the
1970s, he was one of those
young people who protested
against what he perceived to be
a “wholesale sell-out” or a “rap-
ing” of Bahamian lands. Now
some 30 years later, real estate
development is still a growing
business.

“T thought the world would
come to an end if we allowed it
to continue,” said Mr Wilson.
“The point is, the world has not
come to an end because there
are other compensating fac-
tors.”

Changes

‘Mr Wilson said that, as a real
estate developer, he expected
people to say he may be dealing
from a position of self-interest.
However, the Bahamas had
learned from the past 30-some-
thing years that peaks and val-
leys tended to address these
matters.

“In the 1970s, when the econ-
omy was ‘so hot’ and I was

. making the same arguments, I

remembered Mr Arthur
Foulkes telling me one thing:

‘Economic development is not a
force you can turn off and on at ,

your pleasure,’” said Mr Wil-
son.

The land crunch that Barba-
dos, the small island nation in
the southern Cartbbean, is now
feeling, however, has prompt-
ed the former senator and oth-
ers in the community to warn
government officials that “it is

.-in..our ‘interest-that we také
action to save our-country, fot
.. our children and our. children’s

children.”





MONDAY, AUGUST 14, 2006, PAGE 5

a

We examine concerns that too
much prime landis being
bought up by foreign investors



Sociologist Dr Ikael Tafari
agreed, saying: “There are no
statistics ‘on the distribution of
land to the black middle-
class,” creating a perception
that wealthy people owned
Barbados, land was being sold
out to foreigners in gated com-
munities, and inequitable dis-:
tribution of wealth was linked
to the lack of ownership of
land.

Both he and Sir Roy Trot-
man were joined by psycholo-
gist Marcus Lashley who urged
Barbadians ‘not to forget the
connection between land and

Weer nes

MONDAY,
AUGUST 14

6:30am Bahamas @ Sunrise - Live

























11:00 Immediate Response

12:00 | ZNS News Update (Live)

12:05 Immediate Response
cont'd.

1:00 Inside Hollywood

1:30 N-Contrast

2:00 Bullwinkle & His Friends

2:30 The Fun Farm

3:00 - David Pitts

3:30 — Bishop Neil Ellis

4:00 Dennis The Menace

4:30 Carmen San Diego

5:00 . ZNS News Update

5:05 The Envy Life

5:30 Andiamo

6:00 Gospel Grooves

6:25 Life Line

6:30 News Night 13 - Freeport

7:00 | Bahamas Tonight

8:00 You & Your Money

8:30 Island Life Destination

9:00 Legends: Dr. Tim
McCartney

10:00 Caribbean Newsline

10:30 - News Night 13

11:00. | Bahamas Tonight

11:30 . Immediate Response

NOTE: ZNS-TV 13 reserves the |
right to make last minute f
_ programme changes!

_1'30art“Comihunity Page T640AM |

A question of available space

identity, saying: “A sense of
who you are is tied up in land
ownership.”

Contacted at the Office of the
Prime Minister for comments
related to land distribution in
the Bahamas, Mr Tex Turn-

quest, projects co-ordinator for,

the Land Use Policy and
Administration Project, said he
passed all requests for informa-
tion concerning this and the cor-
relation between what is hap-
pening in Barbados to the
Bahamas to Mr Luther Smith
at Bahamas Information Ser-
vices.











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PAGE 6, MONDAY, AUGUST 14, 2006

ii aie (oot a oe eer ae



A catalyst to make global trade fair

@ By Sir Ronald Sanders

(The writer is a business exec-
utive and former Caribbean
Ambassador to the World Trade
Organisation who publishes
widely on Small States in the
global community).

HE Commonwealth is
a multinational organi-
sacion that is little known out-



side of its 53 member
States. Yet, it has the potential
to fill a big vacancy in today’s
world: the need for a catalyst
to restart the suspended global
trade negotiations with an
emphasis on development.
Negotiations at the World
Trade Organisation (WTO)
effectively collapsed on July
24th when six lead countries
failed to bridge major differ-
ences amongst themselves par-
ticularly over agricultural sub-



sidies. The six were: the United
States, the European Union
(EU), Japan, Brazil, Australia
and India.

Although trumpeted as a
“development” round since
November 2001 when the nego-
tiations began, the talks
amounted to nothing more than
manoeuvring for national com-
petitive advantage particularly
by the US and the EU, although
Brazil and India — the two
large developing countries in



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the mix — have not been shy
in advancing their own inter-
ests, often claiming concessions
that should rightly be accorded
only to poor developing coun-
tries or Small States.

It was not until last Novem-
ber, four years after the negoti-
ations started, that a commit-
ment was given to provide poor
countries with duty-free and
quota free access for their cru-
cial exports. Of course, this
commitment is an empty one at
the present time, since, in the
absence of a settled agreement,

’ nothing is being implemented.

What the WTO negotiations
needs is a wide measure of

agreement amongst a large

number of countries on a blue
print for re-starting the talks
and taking them to
conclusion. The blue print
should arise from a study by
trade experts that focuses on
opening markets globally while
providing for the development
needs of poor countries and
small states. In particular, the
study should examine how
developing countries can min-
imise transaction costs and
lessen the impact on their busi-
ness sectors through the pacing
and sequencing of liberalisa-
tion.

The study should also take
full account of the difficulties
that now exist for the US and

the EU on agricultural subsi-

dies and propose practical ways
of dealing with them.

The Commonwealth is in a
unique position to fill the vacan-
cy for a catalyst that could make
the WTO negotiations mean-
ingful for all nations, in partic-
ular, poor countries and small
States. ,

With 53 countries account-
ing for 30 per cent of the world’s
population and some 20 per
cent of its international trade
and investment, Common-
wealth trade is well over $2 tril-

lion. Commonwealth members >

include some of the world’s
richest nations such as Britain
and Canada; some of the poor-
est such as. Bangladesh and
Guyana; some of the larger
developing countries — India,
South Africa and Nigeria
among them; some of the South
East Asian “tigers” such as Sin-
gapore and Malaysia; and many
small island states like those in
the Caribbean and the Pacific.

Further, the Heads of Gov-
ernment of these countries have
long acknowledged that “the
Commonwealth can play a
dynamic role in promoting
trade and investment so as to
enhance prosperity, accelerate
economic growth and develop-
ment and advance the eradica-
tion of poverty in the twenty-
first century”. They said so

when they met in the United |

_
HIGH ROOF






“ ~~

SHIFT_the future ins



@ SIR Ronald Sanders

Kingdom in 1997.

And, when they last con-
vened in Malta in November
last year, they pledged their
“global influence” to achieve
progress in the WTO talks:

Members of the Common-



The Common-
wealth is ina
unique position
to fill the vacancy
for a catalyst that
could make the
WTO negotia-
tions meaningful
for all nations, in
particular, poor
countries and
small States.



wealth are also members of the
EU, the African Caribbean. and
Pacific Group, the Organisation
for Economic Cooperation and

’ Development, the Association

of South East Asian Nations,
and the Organisation of Amer-
ican States to name a few.

Their influence, if exercised
by their member States, is
indeed “global”, and consensus
by them that is advanced vig-
orously in the other geographi-
cal and political groups to which
they belong stands a real chance
of getting a positive hearing.

A former Commonwealth
Secretary-General, Sir Shridath
Ramphal, famously said: “The
Commonwealth cannot negoti-
ate for the world, but it can help
the world to negotiate”.

What has been missing so far
in the WTO negotiations since
2001 is consensus. The talks
have been characterised by mis-
trust and:suspicion, aggravated
by the way in which they have
been conducted with only a
small number of powerful coun-
tries meeting behind closed
doors to hammer out deals in
their national interest that they
then try to convince others to
accept.

If consensus can be achieved
by the 53 Commonwealth coun-
tries, it would be enormously
beneficial to the building of con-
sensus in the WTO.

There are several precedents
for the Commonwealth to take
action now that global trade

with this ad get’

LL

MP





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THE TRIBUNE

Â¥

Se ERA

talks have stalled at the»
WTO. When apartheid gripped “ i
South Africa and the major.
nations of the world were divid-.
ed on how to tackle the issue,;,
the Commonwealth played a*,
major role in uniting the world’s, 1
governments behind a strategya!
that eventually saw apartheid",
crumble; when debt crippled,” 4
development in many states,

throughout the world and.

crushed millions of people in*,
deep suffering, the Common-:!
wealth helped to devise a glob-|
al strategy for debt relief. a

Further, expert reports com-;!!
missioned by the Common-~,
wealth on a range of issues*
including the vulnerability of”
small states, democracy and
development have informed the
policies and work of govern-;
ments as well as international:
institutions such as the World.
Bank and the International
Monetary Fund.

In this context, an initiative
by the Commonwealth to pro-
duce a blueprint for moving for-
ward the present stalled inter-
national trade negotiations
should be welcomed and sup-
ported by all, especially the
WTO Secretariat. j

Such an initiative, however, ;s
requires the active participation
of trade ministers from coun-
tries such as Canada, India,
Australia and South,
Africa. One ofthese four — or,
indeed all of them — should;
take on the mantle of leader-,
ship on this issue and give the +
Commonwealth Secretariat the,
mandate to organise an expert-,
study followed by a Common-,;
wealth Trade Ministers meet-
ing to develop the required con-.,
sensus.

The experts to produce thes ,
study exist throughout the ,
Commonwealth. From. the,,
Caribbean, for instance, the,
Regional Negotiating Machin- ,

q

re






An initiative by ©
the Common- .
wealth to pro- —-
duce a blueprint “i
for moving for-'
ward the present »
stalled interna-
tional trade nego-
tiations should

be welcomed and |

supported by all ~



ery (RNM) can make 43, anc
ingful contribution to a... ‘e,;
print for action in which i:
development dimension. is,;
prominent. y
And, has occurred with pre-
vious studies, there is every rea-
son why the WTO Secretariat,
the World Bank and the IMF'
should provide both financial,
and human resources to help!
produce such a study. }
A catalyst is required now;
to help shape a new approach to!
the suspended WTO negotia-:

- tions talks. Delivery of a devel-;

opment dividend should be cen-,
tral to their objectives for, as!
the current Commonwealth!
Secretary-General, Don McK-,
innon, has observed: “800 mil-'
lion Commonwealth citizens,
subsisting on less that $1 each
day would countenance noth-
ing less”.

Responses to: ronald-'
sanders29@hotmail.com















/

\s



IME IMIDUINE





Official’s claim on
Our Lucaya talks

l§ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT - A Freeport
union official claims that man-
agement at Our Lucaya refuses
to enter dialogue with union
officials at Workers House in
Freeport regarding lay-offs and
other matters pertaining to
workers at the Grand Bahama
resort.

Lionel Morley, second vice-
president of the Bahamas
Hotel, Catering and Allied
Workers Union, said union offi-
cials in Freeport are not con-
sulted and have not received
any communication from man-
agement since the elections in
May.

“We have been trying since
the election to create some lev-
el of openness and transparency
with management at Our
Lucaya, but they continue to
write to Nassau. when our office
is here,” Mr Morley said.

He stated that union officials
in Freeport were never consult-
ed by management regarding
the recent lay-offs of 14 hotel
workers at the resort.
'" Last Friday, management at
Our Lucaya announced that
the jobs of 14 supervisory
workers in the stewarding
department were being made
redundant.

Before communicating the
decision to workers, the resort
notified the general secretary
of the Bahamas Hotel, Cater-
ing and Allied Workers Union,

in accordance with the terms of '

the industrial agreement with
the union. ;
_Mr Morley claims that super-




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visors in the stewarding depart-
ment were laid off because they
are union members.

Over the past several weeks,
union officials in Freeport have

._ been very vocal and critical of

dismissals and treatment of
workers at the resort.

Mr Morley claims that since
the industrial agreement had
expired management had been
dismissing workers for “frivo-
lous reasons.”

“Management has taken the
position of judge, jury and exe-

cutioner where they feel they

are within their rights to do as
they wish,” he said.

Meeting

“On Friday, our members
were invited to a meeting,
namely the shop stewards
supervisors who have been
working since the hotel opened,
and were told that their jobs
have been made redundant due
to a number of things.”

Mr Morley stated that,
although the collective bar-
gaining agreement had expired,
the union an management must
act within confinement of the
agreement until there is a new
agreement in place.

He explained that the indus-
trial agreement says where
there is more than five per cent
in a‘'department where there is a
definite closure or permanent
closure, management can do
certain things, not excluding the
‘union from being a part of the
communication and consulta-
tion process.

Mr Morley said management



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continues to deal with the Nas-
sau office on matters affecting
union members in Freeport.
“One can almost draw the
conclusion that they are not
happy with Team Justice win-
ning the elections. Since then,
we believe there has been an
all-out witchhunt to send a mes-
sage to the members by writing
them up for any frivolous rea-

sons,” he said.

Mr Morley also claims that
the prime minister has been
misinformed regarding recent
dismissals at the resort.

Addressing the issue of the
lay-offs mentioned by MP Ken-
neth Russell in parliament, the
prime minister told MPs that
he had been advised that the
lay-offs were necessary because
of the low occupancy level at
the resort.

He had also noted that the
company had resorted to send-
ing some of its supervisory
employees to some of its other
properties in North America for
a few months to ensure they
remain employed.

Mr Morley said employees
are sent off as part of an ongo-
ing training programme with
Starwood Resort and not to
preserve the jobs for Bahamian
workers.

Mr Morley said the union had
written to the minister of labour
expressing its concerns about
the anti-union practices by man-
agement. Yo

“They have certainly been
misinforming the prime minister
who has been advised without
proper communication and con-
sultation with us and hearing
both sides,” he said.




Public step forward for

DNA sampling exercise

DETECTIVES at the Royal Bahamas Police
Forensic Science Section are conducting a DNA
sampling exercise on Grand Bahama for the
establishment of a DNA database in the
Bahamas. A police officer is seen here giving a

mouth swab sample at Winn Dixie in Freepori.

People are being urged to participate in th
exercise, which is also being held at Winn ‘Dixie ii
Eight Mile Rock between 9am and Spm.

(Photo: Derek Carrol:



“Celebration of £ ife” P=

Services for

Allan 9. Winner



A ‘Celebration of Life’ service will be held for Property Developer
Allan J. Winner, at 5 p.m., Saturday, Aug. 19 at St. Andrew’s Pres-
byterian Kirk, Nassau, Bahamas, with Pastor Terry A. Purvis-
Smith officiating. =

Family and friends from many nations attended funeral services
for Mr. Winner, of “Las Cabrillas,” West Bay St., July 20, at Barham
Crematorium in Kent, England. — _.

Born Jan. 17, 1938, in Sydney, Australia, Allan died suddenly in his
sleep July 12 at the family home in Barham, Kent. He is survived
by his wife, Penny; Sons Dale, Jamie and Harry; Daughter Zoe; his
mother, Elsie and his sister, Kaye, both of Sydney, Australia; grand-
children Isabelle and Charlie; and a host of friends and extended
family in Nassau and away.
Living most of his life in Nassau, Bahamas, Allan was a noted
sportsman, host and Realtor. He made affordable housing avail-
able to thousands of Bahamians by creating: Nassau East, Nassau
East North, Monastery Park, Eastwood and Blue Water Cay in
Nassau; Tamarind in Freeport and Knowles Hill, Rock Sound. He
will be remembered for his hospitality; generosity to all; energy;
sportsmanship in tennis, squash, darts and golf; passion for life
and positive outlook: ‘Strong as a Lion!’ S

In lieu of flowers, donations may be sent to Abilities Untlunited, thie
Bahamas Heart Association or Bahamas Air Sea Rescue Associatioi1.






























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PAGE 8, MONDAY, AUGUST 14, 2006

LOCAL NEWS.

THE TRIBUNE



Doctors complete
season of research
on green turtles

DOCTORS Karen Bjorndal
and Alan Bolten of the Archie
Carr Centre for Sea Turtle
Research at the University of
Florida have completed a suc-
cessful research season at the
Union Creek Reserve in
Inagua.

Union Creek has.been the
site of a long-term study of
immature green turtles who live
and forage in the protected tidal
creek until they are about 10 to
12 years old.

The information gained from
this study has allowed Drs
Bjorndal and Bolten to gener-
ate estimates of survival proba-
bilities for green sea turtles.
These estimates have assisted
in improving models of popu-

‘ lation dynamics and plans for

the management and conserva-
tion of these endangered and
threatened species.

Green and Hawksbill Turtles
are. captured, measured,
weighed and tagged and then
returned to the protected waters
of Union Creek. Once the tur-
tles mature they leave the creek
and, if captured or seen, the
information on the tags is sent
to the Archie Carr Centre for
Sea Turtle Research, where it is
recorded and assists in the study
of the ecology and demography
of these foraging populations.

According to Dr Bjorndal,
the research season was a great
success with 66 turtles being
captured, tagged and returned
to Union Creek.

“We are fortunate that Union
Creek is protected in the
Bahamas National Park system
providing an ideal area for our
research. The support of BNT'
Wardens Henry Nixon and
Randolph Burrows and before
them Sammy and Jimmy Nixon
contributes greatly to our suc-
cess-as they understand our
work and have become skilled
at catching the turtles and assist-







@ DR Alan Bolten and Warden Randolph Burrows discuss the
best technique for tagging Hawksbill turtles



TARA BURROWS assists Drs Bolten and Bjorndal in weigh-
ing one of the captured Hawksbill Turtles

ing in the weighing and tagging
exercises,” she said.

_Union Creek is seven square
miles of enclosed tidal creek on
Great Inagua which was first

established as a part of The
Bahamas National Park system in
1965. It is one of 25 national parks
and protected areas managed by

- the Bahamas National Trust.

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THE.TRIBUNE



lA RR eS RAST LEAL EE EIR OE

Up to four Sandilands



wards house ‘abandoned’
rehabilitation patients

@ By MARK HUMES

BECAUSE of the stigma
attached to mental illness, care-
' givers at Sandilands Rehabilita-
. tion Centre find themselves car-
ing for up to four wards of reha-

' bilitated patients who have been
“abandoned” by family members.

This startling disclosure came

, during the second of a series of

i forums held by the facility as it

‘ bids to develop a long-term part-

' nership with media houses to dis-

seminate facts about mental

. health and illness.
Addressing the forum, Betsey
' Duvalier, public relations man-
, ager for Sandilands, said that part
' of rehabilitation is reintegration.
' However, she noted that the fam-
| ily’ s lack of knowledge about
; mental health and illness and how
«to deal with it leaves many of
‘their “clients” as wards of the
“state. :
« “We need persons to under-
stand that once you bring some-
one here,” said Ms Duvalier, ‘
“want the families or the signifi.
cant other to become intimately
involved in the treatment process
.so that, at the end of the in-
, patient rehabilitation stage, you
can feel comfortable accepting
‘this person back into your house,
' on your job, into your communi-
_ ty, because now you understand
_ the illness, the treatment and the
importance, of follow-up care.”
*. Ms Duvalier said that because
i family members are not involved
, in the process, they have a diffi-
seult time actually discharging
* patients back into society, and in
"many instances, staff and faculty

end up being the only-“family”-

cat the burial of patients who ie in

; Sandilands.
. “Many do not think that it will
"come to their homes, but if you
i get knowledge about it now, it
‘ will make it less frustrating if it
does happen,” Ms Duvalier said.
The coming months, leading to
Sandilands Month in November,

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“We want the families or the
significant other to become
intimately involved in the
treatment process so that, at the
end of the in-patient rehabilitation
stage, you can feel comfortable
accepting this person back into
your house, on your job, into
your community, because now
you understand the illness,
the treatment and the importance

of follow-up care.”



Betsey Duvalier, public relations

will see the mental health facility
teaming with radio, television,
and the print media to produce’a
series of educational and infor-
mative public service announce-
ments aimed at dispelling some
‘of-the myths about Sandilands
and its clientele and promoting
family involvement in the reha-
bilitation process.

“We want people to under-
stand that mental illness is like
any other physical illness, just like
diabetes. It can be treated. It will
not be cured, but it.can be con-
trolled,” said Ms Duvalier.

Senior nursing officer Betty
Fox Frazer made the observation
that, whereas there is a need for
‘more housing at Sandilands, their
goal at the facility, through edu-
cation, is to begin helping patients
and their families outside of the
facility, which in turn would cut
down on a need for more space.

Last month, Dr Glen Beneby,

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medical adviser to the Public
Health Authority, said citizens of
the Bahamas must share respon-
sibility for the mentally ill.

He, too, like Ms Duvalier,
pointed to the need for family
members to take a more active
role'in the rehabilitative process
for loved ones struck with any
form of mental illness, whether
it be depression, anorexia, bulim-
ia or schizophrenia.

“A lot of these people have
family members,” Dr Beneby
said.

“But because of the lack of
knowledge of how to deal with
family members who are not well,
families get intolerant and critical,
causing fractures in the relation-
ship between the person who is
mentally ill and the other family
members. This problem could, in
many instances, lead to a relapse
of mental illness in the affected
person.”



Your

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MONDAY, AUGUST 14, 2006, PAGE 9

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PAGE 10, MONDAY, AUGUST 14, 2006

THE TRIBUNE

‘LOCAL NEWS



Students get back to nature
with Bahamas National Trust

THE Bahamas National Trust
(BNT) education office assisted
the Royal Bahamas Police Force

and St Andrew’s Kirk by provid- '

ing educational presentations for

their summer programmes.

The police force organises sum-
mer programmes each year for
young people between six and 16.

This year students taking part

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in programmes organised by the
Fox Hill, Wulff Road and
‘Carmichael Road police stations
received presentations on sea tur-
tles in the Bahamas and then
toured‘The Retreat Garden.

St Andrew’s Presbyterian Kirk
organises a camp for “boys only”
in Bain Town and Grants Town.

Participants in this camp toured
The Retreat and saw a presenta-
tion on “Ten Simple Ways You
Can Help the Environment.”

Students receiving the sea tur-
tle presentation were able to
examine a specimen of a Hawks-
bill Turtle up close and examine
the beautiful shell, which was the
major reason for their capture
and cause for the decline in their
populations.

“We enjoyed being invited to
participate in these summer pro-
grammes and were delighted to
have the opportunity to introduce
these young people to the sea tur-
tles that live and breed in our
Bahamian waters and to provide
ideas and information on how
young people can help to protect
the .environment of the
Bahamas,” said Lynn Gape,
director of education and com-
munications.

The Trust’s educational pro-
grammes are supported by a
grant from the Royal Bank of
Canada.



@ PARTICIPANTS were able to examine a specimen of |
a Hawksbill Turtle at the end of the Sea Turtle presentation





HB YOUNG people from St Andrew’s Kirk Summer Camp enjoy
touring The Retreat Garden on Village Road —

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THE TRIBUNE



l§ By MARK HUMES



RESPONDING to educa-
tional needs of local
Mayaguanans, Minister of
Works Bradley Roberts,
along with Education Min-
ister Alfred Sears, signed a
contract for the construction
of a home economics labo-
ratory at Abraham’s Bay
High School in Mayaguana.

With government’s recent
approval of the I-Group’s
multi-million dollar anchor
development for Mayagua-
na, Mr Roberts said it was
of paramount importance to
equip youngsters with nec-
essary skills to enable them
to embrace the economic
opportunities earmarked for
their island.

“And to do this,” said Mr
Roberts, “we felt that the
construction of a home eco-
nomics laboratory at the
high school in Abraham’s
Bay as part of this year’s









|2006 FORD ECOSPORT

LOCAL NEWS





@ MINISTER of Works Bradley Roberts (left)
and Minister of Education Alfred Sears

annual school and extension
programme was a must at
this time.”

The scope of the proposed
project calls for the con-
struction of a 3,281 sq ft
building where students will
be taught food preparation,
nutrition, planning, and ser-
vice skills necessary for pro-

Christie & Shirley, opposite Doctor's Hospital

Tel: 326-8777

a Stas UM Sole Stay Dec Dy / On -

ity

viding first-class service to
visitors coming to the
Bahamas’ most easterly
island.

In addition to the new
home economics lab, Mr
Roberts outlined plans for
a front desk reception area,
with fully-equipped work

stations, fully-furnished.





2006 FORD ESCAPE

act OCLs

2006 FORD EVEREST

bathrooms, a kitchen and
laundry facilities where stu-
dents will be taught basic
housekeeping classes.

For the construction of
the new extensions at Abra-
ham’s Bay High School, T
and B Construction Compa-
ny has been contracted, with
the government expecting to
















MONDAY, AUGUST 14, 2006, PAGE 11

Govt ministers sign contract for school lal

spend a little over $518,000
when the project is com-
pleted.

According to Mr Roberts,
T and B Construction has
assured the government that
the work should be com-
pleted within 24 weeks of
the project’s start.

This new educational




















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PAGE 12, MONDAY, AUGUST 14, 2006



CARIBBEAN NEWS

warns on birthday that

THE TRIBUNE

he faces cue recovery after surgery

m CUBA
Havana

.FIDEL Castro sent Cubans
a sober greeting on his 80th
birthday Sunday, saying he
faces a long recovery from
surgery and warning they
should prepare for “adverse
news.” But he encouraged them

Bey aN)

YOUR CONNECTIO

to be optimistic, saying Cuba
“will continue marching on per-
fectly well”, according to Asso-
ciated Press

As a newspaper printed the
first pictures of Castro since his
illness, his younger brother,
Raul — making his debut
appearance as Cuba’s acting
president — publicly greeted



TENDER

Venezuelan President Hugo
Chavez on his arrival to cele-
brate Fidel’s birthday.

Castro, who underwent
surgery for an unspecified
intestinal ailment that forced
him to step aside as president
two weeks ago, said his health
had improved, but he still faces
risks.

FO THE WORLD

VEHICLE & EQUIPMENT

The Bahamas Telecommunications Company Ltd. is pleased to invite qualified
companies to apply for tender for New Vehicle ‘and Equipment.

Interested companies can pick up a specification document from BTC’s
Administration Building, John F. Kennedy Drive and The Mall Drive Freeport,
Grand Bahama August 9 to August 23, 2006 between the hours of 9:00am
to 5:00pm Monday to Friday.

Tender should be sealed in an envelope marked “VEHICLE & EQUIPMENT
TENDER” and delivered to the attention of:-

Mr. Leon Williams

Acting President & CEO

The Bahamas Telecommunications Company Ltd.

P.O. Box N-3048
Nassau, Bahamas

Bids should reach the company’s administration office on John F. Kennedy
Drive by 4:00pm Wednesday August 23rd, 2006.

Companies submitting bids are invited to attend the bid opening on Thursday,
August 24th, 2006 at 10:00am at BTC’s Perpall Tract location.



BTC reserves the right to reject any or all tenders.

.

“To affirm that the recovery
period will take a short time
and that there is no risk would
be absolutely incorrect,” said
the statement in the Commu-
nist Youth newspaper, Juven-
tud Rebelde. “I ask you all to be
optimistic, and at the same time

to be ready to face any adverse

news.”

The Communist Party’s news-
paper, Granma, had offered a
rosier picture of Castro’s con-
dition Saturday, saying he was
walking and talking again, and
even working a bit. It compared
him to a resistant tropical hard-
wood tree found in eastern
Cuba, where he was born.

Juventud Rebelde also pub-
lished four photographs of Cas-
tro, giving the first view of the
leader since July 26, when he
gave two speeches in eastern
Cuba. He looks a bit tired, but
sits up straight, his eyes alert.

Wearing a red and white Adi-
das warm-up suit, Castro poses
in a close-up shot with his fist
under his chin and talks on a
telephone in two pictures.

The fourth photograph shows
him in a chair sitting in front of

~a bed with a white spread in

what appears to be.a home. He
holds up a special supplement
of Granma, the Communist
Party newspaper, published Sat-
urday as an homage to him.
The photos were credited to
Estudios Revolucion, a: division
of Castro’s personal support
group that collects historic docu-
ments and images. There was no

_ reason to doubt they were real.

Although Castro’s assessment
of his own condition was tem-
pered, many Cubans inter-
viewed seemed joyful to receive
proof that he was alive and get-

_ ting around. The normally exu-

berant Cuban people have been
somewhat subdued since Cas-
tro announced his illness, with
some privately expressing fears
for the nation’s future.

“What happiness I received!”
exulted an elderly Margot
Gomez after seeing the news-
paper during a morning walk in
Havana. “Long live Fidel and

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long live the revolution! He
knows what to do to convert
setbacks into victories!”

“He’s alive, he’s recovering,”
taxi driver Fernando Lopez said
happily when he learned of Cas-
tro’s statements and photographs.

Celebration

Dozens of children in an Old
Havana neighborhood cele-
brated Castro’s birthday with a
blindfolded boxing match and
other games, as well as with a
cake that read “Always With
You Fidel.” The boys and girls
cheered and shouted “Long live
Fidel!” after singing “Happy

Birthday” for the Cuban leader. -

Wearing his typical. olive
green uniform, Raul Castro, the
defense minister serving as pro-
visional president during his
brother’s recovery, saluted and
hugged Chavez when the
Venezuelan leader arrived at
midday for a meeting with the
elder Castro, his friend and ally
in opposing US policies and
influence.

The state television broadcast

of the encounter was the first

time the younger Castro had

. been seen publicly since becom-.

ing interim president July 31.
Neither man commented dur-

ing the broadcast, but Chavez
had said he would visit Fidel
Castro on his birthday. “Ill take
him a nice gift, a good cake, and
we'll be celebrating the 80 years
of this great figure of America
and our history,” Chavez said

. Saturday.

Just outside the capital, the
government’s minister for the
sugar industry, Gen. Ulises Ros-
ales del Toro, reiterated his sup-
port for the Castro brothers.

“After Fidel, Raul is the man
who is in the best condition to

‘direct the destinies of this

nation, either at Fidel’s side or
when'he is no longer here,”
Rosales del Toro told reporters.

The sugar minister was direct-
ing a crew of Foreign Ministry
officials working in the fields to
show their support for Castro
on his birthday.

In his statement, Castro said:
“T feel very happy. For all,those
who care about my health, I
promise to fight for it.”

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FROM page two

nationality and positions held.’
We submitted this list to both
the Minister and the Immigra-
tion Department on August 8.
“Immigration also informed

us in that letter that Mr Marquis’
permit had been ‘considered by
the Immigration Board, but was
deferred to ensure what efforts
have been made to Bahamianise
the position,’” the publisher said.
Mrs Carron said she inter-
preted this to mean that Immi-
gration was still waiting for a
report from an interview the
Minister had instructed the
Labour Department to have with
Mr Marquis and his replacement
at The Tribune office. The
Labour Department has yet to
arrange a date for this interview.
Mrs Carron said she learned
of the Minister’s instructions to
the Labour Department in
March — “quite by accident.”

‘This was four months before she

received the Immigration letter
of July 18.

Form

To complete Mr Marquis’
application forms for the Immi-
gration Department, The Tri-
bune had to get a Notification of
Vacancy Form from the Labour
Department. It is a printed form
that informs the applicant
whether it has on its register a
Bahamian to fill the position
requested — in. this case the

‘managing editor of The Tribune.

To obtain this form the appli-
cant has to list the qualifications
he or she requires for the job.
The Tribune did all of this.

“T submitted this form to
Labour in January,” said Mrs
Carron. “Six weeks later I tele-.
phoned the Labour Department

~ to find out whether the form was

atte Re

FR TS SW i

ORT oe we ee EE eo

Le eee oe

ready for collection. After being
turned around, I eventually got
someone on the phone who
informed me that Minister Gib-
son had difficulty with the appli-
cation, but the person could not
tell me what that difficulty was.

“Eventually I got through to
someone who said she had to
confer with the Director of
Labour before she could tell me
what the problem was.

“Finally, on March 8, I was
told that Mr Gibson wanted an
inspector from the Labour
Department to come to The Tri-
bune to interview Mr Marquis
and his replacement. If I had not
made this telephone call,” said
Mrs Carron, “I don’t know when

I would have learned of the Min-

ister’s instructions.”

“At the time,” she said, “I was
leaving the island for a few days.
The meeting was to be held on
my return. It then transpired that

the Labour Director, who I.

understood was to do the inter-
view, was leaving for a confer-
ence in Geneva. He told me that
he would arrange a meeting as
soon as he returned. J have heard
no more. When I phoned his
office last week, I was told that
he was on vacation and would
not be ‘in office’ until Septem-
ber.”

Mrs Carron said she still does
not know what Minister Gibson
wants. “Does he want me to
meet with him, or is proof of The
Tribune’s Bahamianisation
efforts to await the Labour
inspection?”

Mr Gibson, in:the House on
Wednesday compared, what he
called The Tribune’s non-com-
pliance with Immigration rules,
to those persons who illegally
squat on land. .

“We cannot develop a lawless
society,” he said, “just like how
we have persons squatting on

. land and then wanting it because

. until the end

MONDAY, AUGUST 14, 2006, PAGE 13

LOCAL NEWS

Tribune publisher denies
Immigration Department
requested details over
managing editor position

they got it illegally. I believe, Mr
Speaker, that once policies and
law are in place then we have to
follow them. I really don’t want
to debate, because on this issue
with The Tribune, because I real-
ly don’t want to debate these
things to the public. But unfor-
tunately they brought it to light,
where they are claiming that
somebody wants to victimize
somebody they employ. .

“Mr Speaker, I’m just going
to say this and leave it at that.
There is policy in place where if
somebody applies for a work
permit we.will only grant it under
two conditions: One, a company
cannot finda Bahamian to filla
post. Two, if the owner says ‘I
need an owner’s representative
permit’.

Permit

“Then in cases where people
apply for a permit, where
Bahamians do not qualify, we
give the permit and ask them to
identify an understudy. Now the

only thing I am guilty of, Mr

Speaker, is none of my col-
leagues never spoke to me about

any work permit for Mr Marquis. °

Nobody spoke to me.’

Mrs Carron said she agreed
with Mr Gibson that the
Bahamas cannot tolerate a law-
less society. “But to obey the
law,” she said, “government must

make it clear what the law is. For .

example, this is.the first time that
I have ever heard of an ‘owner’s
representative permit.’

“This is also,” said Mrs Car-
ron, “the first time under the
Christie administration that we
have had any problems with any
of our work permits. Obviously,
Mr Gibson has decided to run
his department differently.

“We have no. problem with
this, but no-one can comply with

rules they know nothing about.” ’

The se requires that eens and Tasiieseas provide -
the following information:

Number of Employees
Wages and Salaries
Annual Hours Worked
Revenues erate! Expenditures
Depreciation and Acquisitions

DEPARTMENT OF STATISTICS
Clarence Bain Bullcirng

P.O. BOX N-3904
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PAGE 14, MONDAY, AUGUST 14, 2006

Jenene caer

PUBLIC NOTICE

‘he Bahamas Telecommunication Company Ltd(BTC)
wishes to inform the general public that beginning
August 14th, through August 18th, 2006, enumerators
will be conducting surveys throughout the entire Island
of New Providence. These surveys will used to assist
‘with providing Products and Services that meet the
demands of our customers. BTC asks for the public’s

of cooperation during this phase, as we keep
“You Connected To The World”.
For further information please contact BTC’s
Marketing & Public Relations Department at

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FROM page one

with surgically correctable eye
disorders who lack the funds
to seek private physician care.

It was reported last week
by Dr Albert Lue - head of
the ophthalmology depart-
ment at Kingston Public Hos-
pital in Jamaica - that, after
the revision of 200 Jamaican
patients operated on by
Cuban doctors, 49 had been
found suffering from compli-
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These included secondary
glaucoma, cloudiness to the
cornea, iris damage and poor
stitching.

This was contrary to initial
reports by Dr Lue that, out
of 60 patients who were seen,
17 were found suffering from
post-operation complications. :

This newest development,
according to one local eye-
care professional, “confirms”
that shoddy procedures are
being practised on patients.

“There have been some
people that came back from
Cuba to Nassau totally
messed up from these surgical
procedures,” he said. “But the
problem is that the public

never get to hear about

them.”
He feels blame should lie
with the Ministry of Health

_for not sending an official to

Cuba to check the standard
of care being offered for not

- only cataract, but also plastic .

and orthopaedic procedures.

He said Cuban doctors
were given a licence to screen
patients for surgery and went
all over the Family Islands,
Sandilands and the geriatrics
departments to find those
who needed surgery, while
Castro paid for the patients
and for somebody to accom-
pany them.

He indicated that the exact
number of reported compli-
cations cannot be determined
because Cuban doctors are
following up their own
patients, and for this reason
Bahamian doctors will not
know the true complications

THE TRIBUNE



rate.

“Normally, before patients
get surgery, they are assessed.
for various health problems
because otherwise you run
into complications,” he said.
“This is not being done by
these Cuban doctors, and
most of the time we find they
weren’t candidates in the first
place for the surgery or had
other medical conditions that
obstructed going ahead with
the procedures.”

He revealed that most oph-

' thalmologists in Nassau aren’t

seeing the patients with com-
plications operated in Cuba.
Instead, they are sending
them back to Cuban doctors
to look.at the post-operation
cases, he says.

After examining case notes

. of patients lined up for

cataract operations in Cuba,
he said it was discovered that
patients receiving cataract
operations did not really need
them, and had not been
examined for other associated
problems.

“People can’t accuse-us by
saying that because the
Cubans came and found these
cases, we weren’t doing our
job,” he said. “The ministry
of health never established a
programme for ophthalmol-
ogists to go into the commu-
nities and screen patients for
eye disease.

“It’s the role of the public
health department to find the
disease and give access to
patients to get care for it. It’s
not the role of the providers

to get the care.”

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THE TRIBUNE



Pre-clearance
opens alter
computer glitch

FROM page one

Although Bahamians nor-
mally need visas for such
travelling, US officials said
this requirement was waived
to ensure Bahamians were
not affected by the shut-
down.

Speaking to The Tribune
yesterday, the political and
economic officer at the US
Embassy, Gregory Floyd,
explained what happened.

“We were down Friday
only, but back up and run-
ning for the opening of busi-
ness on Saturday. Apparent-
ly there were problems with
the fibre-optic cable that
allows communication for
the computer networks.

“That fibre-optic cable
runs from Florida to Grand
Cayman, and impacted a
number of other airports, not
only the Bahamas.”

Although the problem first
occurred right after the pow-
er supply at the airport was
interrupted, Mr Floyd said
they do not believe the dis-

_ ruption was terror or pow-

er-grid related.

“This was in no way relat-
ed to the planned terror
attacks in the news. It was a
short-term computer glitch
and our Customs folks
worked very hard to.make
sure there was minimum
inconvenience to passengers,
including the waiver of visa
requirements for Bahamian
travellers,” he said.

Non-shift staff
reportedly
directed not
to work over
the weekend
FROM page one

return to their duties. In spite»

of that‘referral‘and the
injunction, the BEWU has
reportedly directed that non-
shift workers are not to carry
out any work until Monday
(today),” said a corporation
press release.
BEC encouraged its staff
to “abide by the law”, as out-
lined by the Industrial Tri-
bunal, warming them “there

are penalties for failing to

observe these laws.”
“Therefore, BEC staff is
advised and encouraged to
carry out their duties in the
normal manner. BEC man-
agement would also like to
take this opportunity to

thank those diligent mem-

bers.of our staff who have
carried out their duties in
spite of these trying circum-
stances and who have
worked to continue to supply
our customers with the ser-
vice that BEC is mandated
to provide,” the release read.

The corporation also apol-

ogised to its customers for
the disruption to service
caused by the actions taken
thus far by the BEWU.

Calls to BEWU president
Dennis Williams and BEC
general manager Kevin Bas-
den for further comment
were not returned up to
press time last night.

Victim
FROM page one

Sunday. The young man was

reportedly jumped on by a

group of men who beat him
severely.

“As a result of the attack
he was taken to. hospital and
treated for stab wounds,” Mr
Evans said. “He was initially
listed in serious condition,
but his condition has since
stabilised.”

© Police are investigating a
fire that broke out on Satur-
day night at the Topshotters
Sports Bar in the Summer-
winds Plaza, Robinson Road.

Press liaison officer Walter
Evans said two fire trucks
were dispatched to the scene
around 9.30pm.

“The fire went throughout
the building,” Mr Evans said.
“Two storage rooms were
extensively damaged.” A
number of patrons were
reportedly inside the build-
ing, but escaped uninjured.

“The cause of the fire is
being investigated. We have
no cause at this point, but
we do not suspect arson.”










‘FROM page one

standards and protections to be
put in place at the Florida end
of the proposed pipeline will
not be included at the
Bahamas’ end.

“The FNM calls upon the
government to come clean and
to advise the Bahamian peo-
ple of the exact terms and con-
ditions of any approvals grant-
ed or anticipated for the AES
project. Bahamians deserve to
know how the government is
looking or failing to look after
their interests.”

LNG has been debated for
some time, as licences were ini-
tially granted to three LNG
companies, AES, Enron and
El Paso under the FNM
administration in 2001.

However, within the past

two years the argument has

gained momentum ‘after AES
gained approval from the
BEST Commission on their
Environmental Impact Assess-
ment (EIA) forms.
AES’s proposal includes the
building of a re-gasification ter-
minal on Ocean Cay (over nine
miles from Bimini) where
LNG would be re-vaporised
and pumped to South Florida
through 40 miles of pipelines
installed on the ocean floor.
The proposal is expected to
contribute about $87 million
annually to the Bahamian

economy through a number of «
licensing and “through-put” °

fees.
DPM
FROM page one

purchased.

“I_am not aware and I have «
no knowledge of it being up for ©
sale,” the DPM explained. “The .;
aircraft went to Florida to be: .
serviced and will be returned to \”.¥



the Defence Force base.”

However, claims have been °:.
made that the government plans |

to sell the aircraft. é
A second plane, which caused -
much debate after it was flown

into Cuban airspace by an

unqualified commander, |

remains grounded, according to

Mrs Pratt.

She said the government nev-., -

er intended to sell the plane to

.Bahamasair, but had proposed

that the national flag carrier
“manages” it. | ~ Chie

“As the minister (responsi-
ble for national security), if
things like this are going on, I
would know,” the DPM said.



FNM on LNG

Minister of Energy and the
Environment Dr Marcus
Bethel reminded the public
that, when the PLP came to
power, they met three
approvals “in principle” to
LNG companies - granted they

LOCAL NEWS
could meet the EIAs outlined :

by the BEST Commission. ~
“That process proceeded
with the three companies and,
at. the end of the day, only:
AES met the requirements in
their EIA that were accept- °
able. The process of develop-’
ing the regulations started'from
the earliest ‘stages, and the
drafts are before the Attorney



WIWMAINUAT, AUUUUO 1

General right now. We antici-
pate that within six to nine

~ months the regulations would
be in place for the manage- °

ment of the facility when it is
built,” he said. aN
Dr Bethel explained that an

- LNG re-gasification facility is

expected.to take anywhere
between three to five years to
build.

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= PAGE 16, MONDAY, AUGUST 14, 2006 THE TRIBUNE |







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Raymond Amnttomio,, assistant manager, “mortgages, RBC FINCO Main
es ij Branch; Beryl Adams, manager, mortgages, RBC FINCO Palmdale Branch;
oe Painice Ritchie, senior manager, Seo

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spall gilt SS B. Dionne Smith, manager, mortgages, RBC of a $500 gift certificate from Master Techniciaws R
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2 f i 7



MONDAY, AUGUST 14, 2006

SECTION



business @tribunemedia.net

The Tribune



BUSINESS*

Miami Herald Business, Stocks, Analysis, Wall Street.

Imperial





@ By NEIL HARTNELL
Tribune Business Editor

idelity Bank
(Bahamas) has
today launched its
$15 million rights
offering to
strengthen its capital base and
take on more business, as it
seeks to grow assets by more

than 15 per cent per year ONG

the next three years.

The rights offering docu- :

‘ment, received by sharehold-
ers today, said Fidelity Bank
(Bahamas) is offering 12 mil-

ited es

@ By CARA ee
_ Tribune Busingss ‘Reporter

THE National Investment Policy that
reserves certain’areas of the economy for
Bahamian ownership only is still in place, the
Minister of Financial Services and, yinvest:

i _- ments told The Tribune.

Vincent Peet said: “That, policy reserving

i : which was put in
Â¥ place. by the former PLP government, is.still in
i Snitawill still.



certain areag'for Bahamians,



thes — -phacevandiclearly.
honour it,” on Bhool

Questions had been raised i in recent weeks



lion Shares: priced at sos
each, to existing shareholders.

That price represents a 15.54

per cent discount to the stock-
’s $1.48 closing price on the
Bahamas International Secu-

- rities Exchange (BISX) on Fri-

day, August 11, and a 16 °“r
cent discount on its: 52-we «
high of $1.49.

The $1.25 subscription price,

according to the rights issue

document, was determined by
Fidelity Bank (Bahamas)
Board of Directors on March
27, 2006, at a time when the
shares were trading at $1.18 on

over whether the National Investment Policy
was still be adhered to, and whether the Gov-
ernment was enforcing it, after The Tribune ,
revealed the involvement of two Barbadian —
companies in the acquisitions.and takeovers of ,
two Bahamian firms. ;
The retail and wholesale industries are sup-
“posed to be reserved for Bahamians only, but
' Barbados Shipping & Trading is the operat-
ing/management partner for the Bahamian
BSL Holdings investor group, which acquired
_Winn-Dixie’s:78 per..cent majority -stake in’
“Bahamas Supermarkets.
Several executives in the Bahamian business -

bak







— targets 15% a
h in ass



ts

Bank launches $15m right ; offering to boost capital base,
eyeing 5- 10 pet cent per annum increases in net income

$k
\

BISX. Subsequently, they have

appreciated to close to their

52-week high.

As a result of both the
increased supply of shares on
the market as a results of the
rights issue, plus the 41.25
offering price, Fidelity Bank
(Bahamas) price on BISX is
likely to gravitate downwards

(NEC).

%e pen
SEE page 4B.

towards’ the $1.25 level in the
short term. -

Fidelity Bank (Bahamas)
said its main business objec-
tives were to grow net income
by between 5-10 per cent per
annum, and to, “achieve and
maintain” a return on equity
of between 15-20 per cent
within the next three years. ©

nal Investment Policy ‘sult in place’

community had raised concerns that a $10
million unsecured loan to. BSL Holdings by ©
Barbados Shipping & Trading. was reall

y equi-

ty in disguise, and a way of circumventing the
need for its involvement to be approved by the
Cabinet and National Economic Council

Those allegations were, denied by Fidelity
Merchant Bank &; ‘Trust, the corporate advis-
_ er to BSL Holdings and the institution that put
-the-buyout group together





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\

It is also seeking to achieve

and maintain an efficiency

ratio of 65 per cent within the

next three years.

The offering will increase the
number of outstanding ordi-
nary shares issued by 72.6 per

‘cent, from’ 16.667 million
- shares to 28.667 million shares.

Existing shareholders that do

not.exercise their rights could
be diluted “up to 41.86 pee
cent”.

Anwer Sunderji, Fidelity

’ Bank (Bahamas) chief execu-

tive, told The Tribune in April
this year that the bank would

SEE page 6B

Investment advisor

aims to ‘fill a void’

|_| By NEIL HARTNELL
Tribune Business Editor

A NOW Bahamian-owned

investment advisory business °

is expecting to execute_a lease
agreement for new offices on

. West Bay Street within a “cou-
ple oL.da

4ys.”,, with its chief exec-
utive arguing that the company
will “fill a void” in’a market
currently dominated by a



‘duopoly.
~Kenwood Kerr told. The Tri-

the company formed from a
management buyout of SG
Hambros Bank & Trust
(Bahamas) investment services
division, was look ing to gen-

erate “sustainable, sensible -

growth” rather than chasing

every. money-making opportu-

nity in the Bahamian market.
He added that the height-

ened level of merger and

acquisition (M&A) activity in

the Bahamian economy, cou-

a KENWOOD KERR

pled with its projected growth
and potential legislation man-

‘dating that companies provide

pension plans for employees,
all presented opportunities for

SEE page 2B

Consolidated’s Bahamas
PLUEEKon Raa UIE as
loan terms with bank

i By NEIL HARTNELL

Tribune Business Editor

‘CONSOLIDATED Water’s
Bahamian subsidiary has
breached the terms of a loan
agreement with an unnamed

‘Bahamas-based bank, and is in

talks to amend the relevant finan-

cial covenants and return to com-

pliance in the current quarter.
In its form 10-Q filed last week

“with the US Securities &

Exchange Commission (SEC),
Consolidated Water said Water-
fields was not currently in com-

pliance v with the requirement that.

“it “maintain a debt to equity ratio

of not more than 0.6 to one”
Although not a major issue,
and certainly not one of a mater-
ial nature for BISX-listed Con-
solidated Water, it has forced the
Cayman Islands- headquartered
parent to classify the balance of
the $275,212 term loan as current
in its June 30, 2006, balance sheet.
Consolidated Water said:
“These term loans are repayable
in quarterly instalments through

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2007, and are collateralised by
the assets of Waterfields.

The term loan agreements lim-
it the payment of dividends by
Waterfields to its shareholders to
available cash flow as defined
under the agreement. The term
loans agreement also requires
Waterfields to maintain a debt to
equity ratio of not more than 0.6
to one.

“Waterfields was not in com-
pliance with this. financial
covenant as of June 30, 2006, and
accordingly, we have classified
the balance of the term loans as
current.in the accompanying
June 30, 2006 balance sheet. We
are in the process of negotiating
with the bank to amend this
financial covenant and we antici-
pate we will be in compliance
with the amended covenant for
the quarter ending September 30,
2006.”

Meanwhile, Consolidated
Water said that so far it had spent
$24.2 million constructing the

SEE page 5B





*





PAGE 2B, MONDAY, AUGUST 14, 2006



li By Fidelity Capital
Markets



TRADING activity slowed
in the Bahamian market this
past week as investors indulged
in some well deserved rest and
relaxation during this last
month of summer.

For the week, just over
67,000 shares changed hands

and five out.of the 20 listed

stocks traded; of which three
advanced, one declined and











FOREX Rates




CAD$
GBP
EUR



Commodities








Crude Oil
Gold

S & P 500
NASDAQ_

International Markets

International Stock Market Indexes:

one remained unchanged.

Volume leader for the week
was Doctors Hospital Health
Systems (DHS) with 55,000
shares changing hands and
accounting for 80.9 per cent of
the total shares traded.

Advancer

The big advancer for the
week was Consolidated Water
Company (CWCB), whose
share price increased by $0.12






Weekly % Change
1.1248
1.8904
1.2725



-0.27
-0.94
- -1.19






Weekly % Change

$74.31
- $636.40




-0.48
-2.38









% Change



‘Weekly







11,088.03 1.36 |
1,266.74 0.99

2,057.71 ° 1,31

15,565.02 0.42





Advisor, from 1B

Providence Advisnis
Mr Kerr said: “In the imme-__
diate term, the first thing we.
want to do j is to’ successfully -
assimilate all the business





Between! ‘ourselves and’ SG
Hambros'in’ a seamless and







provide clients with.a qua
“pe level of service:

|
I






“had
slocation, and was-seeking to
: sign ‘alease imminently. He






He added that Providence
Advisors would then focus on
finding its own headquarters,
as it is currently operating from.
the division’s former offices at
SG Hambros Bank & Trust

‘ (Bahamas).

Mr Kerr said the company
fitified a‘potential new

“se



}

Bank of the Bahamas ‘employs many hard- dork ns ang i dedicated.
persons. Each year one is chosen to be the Employee of the Year, The
_ decision was announced at the annual staff Christmas: party in Doce ber

Kertorra Davis, a Customer Service Representative at
the. Thompson Boulevard Branch was our. second
runner up. She has been at the Bank for six years and
received a trip to any family island for two,

. dence brand.”

_ provide © pension aanih

FIDELITY MARKET WRAP

to end the week at $4.95. On
the down side, Doctors Hos-
pital Health Systems (DHS)
share price fell by $0.20 to
close at $2.50.

The FINDEX advanced by
2.05 points to close the week at
686.16.

COMPANY NEWS

Consolidated Water Com-

pany (CWCO) — It was an
-excellent 2006 second quarter

for CWCO, posting net income

of $2.5 million, representing an .

increase of $1.04 million or

‘ 70.25 per cent over the same

period last year.

Revenues increased by $3.1
million or 46.9 per cent to total
$9.6 million, while the cost of
sales grew by $1.5 million or
38.4 per cent to total $5.2 mil-
lion.

Gross profit as a percentage
of sales for the 2006 second
quarter stood at 45.8 per cent
versus 42.45 per cent in 2005S.
CWCO’s operating expenses
grew by $568,000 to total $2
million, compared to $1.5 mil-
lion for the equivalent period
in 2005.

Operating income increased
by $1.1 million to total $2.3
million. Earnings per share
(EPS) grew by $0.08 to: total
$0.20 as at June 30, 2006

CWCO's management has
attributed its outstanding 2006
second quarter results to
strong growth in both its:retail

“

described the office as “a
cachet facility, accessible to our
clients in the business district
on West Bay Street”.
“We're looking to grow our
business aggressively and:com-
pete,” Mr Kerr said. “We'll be
looking to aggressively: pro-

“mote our services and: grow

our business, and familiarise
the market math the Provi-

‘Providen
a-
tion, investment management,






“white thé mergence of Pro











and bulk water sales. Retail
water sales increased by 43 per
cent due to increased demand
for potable water in Grand
Cayman, while bulk water
sales rose to $4.3 million versus
$2.9 million in the 2005 second
quarter.

RND Holdings (RND) —

' For the fiscal year-end 2006,

RND recorded a net loss of
$17,500 versus a net loss of
$589,000 in 2005.

Revenues increased by
$199,000 or 16.8 per cent to
total $1.4 million,while the cost
of sales rose by $131,000 to
total $143,000 compared to
only $11,000 in 2005. Gross
income stood at $1.2 million
versus $1.2 million for the com-
parable period last year.

Operating expenses rose by .

$132,000 to total $1.2 million.
RND posted a number of non-
cash gains and losses during
fiscal 2006, the net of which
resulted in a gain of some
$332,000 to the company's bot-
tom-line.

In related news, RND man-
agement confirmed the sale of
its gym business, with a
realised gain of $95,000 from
the transaction. However, by

‘the time the gym was sold, it
had already racked up -

$213,000 in operating losses.
Thus, the net effect from the
sale of the gym was a net loss
of $117,000 in 2005

corporate advisory and other

related services, meaning that |
will go head-to-head against.
the two companies that have .
_long dominated this market, .
Fidelity Capital Markets and.

Colina Financial Advisors.
Another player in the sector

is RC Capital Markets, headed .

by Richard Coulson.
Mr Kerr previously worked





dence Advisors would increase
competition in the domestic
Bahamian investment banking
market, there was room for a
third major player. /

He added that SG Hambros .

Bank & Trust (Bahamas) had
always been involved in the

market through its investment »

services division, but this unit’s

emergence as a standalone °

player via Providence Advi-
sors would enable it to el
greater focus to its work. °
Providence Advisors would
be “truly committed to the
market in a proactive manner,
as opposed to a sideline play-

both Fidelity and Colina, —



“The Bahamian Stock Market

I

BISX

| SYMBOL PRICE

AML $1.74 $-
BAB _ $1.48 $-
BBL _ $0.80 $-
BOB __ $7.49 $-
BPF $12.04 $-
BSL $14.00 $-
BWL $1.50 $0.02
CAB. $9.10 $-
CBL _ $11.00 $-
CHL $1.99 $0.03
CWCB $4.95 $0.12
CIB $13.10 $0.05

| DHS _— $2.50 $-0.20
FAM "$6.21." 05
FCC $100. fi» $-
FOL! ° $1117 $-
FIN $11.51 $-
ICD $8.65 $-

| JST $100 ge
KZLB $8.01 ' $0.03
PRE $10.00 $-
DIVIDEND/AGM NOTES:

ae ‘FamGuard Company has declared a dividend of $0.06 per

_ FINDEX 686.16 YTD 24.34%

CLOSING CHANGE VOLUME YTD PRICE

THE TRIBUNE '

CHANGE

138.36%
34.55%

“7.00%

0000 19.05%

cooroooo°o°o

21.34%
2.48%

ror
SO:
A BD
SS: \o

15.21%
0° 2:64%
0 -13.04%
0 11.14% -|
5.60% |

16.93%

0
0 0.55%
0

0 0.00%

ca

20.40% .

of

14.29% ta:
m4



¢v t+ ¢
6 ge ee



&

Fe

15.77% yt
9.80%

4.71% |.
20.75% |-%'

13.07% + \eaey

in i)
4

share payable on August 14, 2006, to all shareholders as at i

record date August 8, 2006.

1 es

a

fo. Oi

,@ Revener International (KZL) will hold an Extraordinary | I,
General Meeting on August 28, 2006, at the New Providence |
Room of the Coral Towers, Atlantis, Paradise Island. |

er”, Mr Kerr said.
“We're filling a void in the.
market. People are looking for
an alternative,” he added.
Providence Advisors is
licensed with the Securities
Commission of the Bahamas
as ‘a’ Class One (1)
Broker/Dealer, enabling it to,
execute trades for and on
behalf of its clients on the
Bah: mas International Secu-






EF MEKE! € company.
planned to apply to become a

‘ trading member of BISX.

| Owners

Providence Advisors will.
start from a relatively strong —

base, though, given the
involvement of the two hotel
union pension funds - the
Bahamas Hotel Industry Man-
agement Pension Fund and the
‘Bahamas Hotel and. Allied
Industries Pension Fund - the
largest institutional pools of

investor’ money. in the
Bahamas.

SG Hambros Bank. & Trust

® Bank of The Bahamas
INTBRNATIONAL
“A growing and dynamic Bahamian institution”

Continues Their Quest to Give Back to Its Community
: ‘

Bank of the Bahamas Village Road extended a hand
to the Fox Hill Police Station by donating a lawn
mower and gas tank. As BOB Village Road borders
with Fox Hill and is a part of that constituency, it
was only fitting to assist with this contribution. In
efforts to show their appreciation for the protection
the Fox Hill Police Station continues to provide, the
Village Hill Road employees pooled their resources
to assist in this endeavour. BOB congratulates the
Hox Hill Police Station on a job well done and will
continue to pledge their support.

Pictures from left to right are: #2465 Cpl..Darren Mortimer, Aniska
Seymour, #1555 Debbie McCartney, Tiffany Forbes, Marilyn
Knowles, Frankyn Rigby, Rosemary Burton, Chief Inspector Ismella
Davis, Supt. George Mortmer.



(Bahamas) acted as investment
adviser and administrator to
the two funds, and it is likely +4
that Providence Advisors will ¢
have inherited that role.

Mr Kerr told The Tribune
“The existing book of busines

gives us a leg up. in terms of, | :

»

being a sustainable, going con .

cern, over the long-term, as's

opposed to being a start-up, h

Ae

looking for business.. We:are’






“We'll grow ‘based on our
business needs. We’re not,.
going to try and match Fidelity=*
and Colina dollar for dollar, as--
they may have deeper,pock-,
ets.”

As for Providence Advisors”.
future opportunities, Mr Kerr,
said: “The sky’s the limit. |
We're looking at sustainable,”
sensible growth: - crn,"
growth - as opposed to “tush--
ing into anything that makes.”
money.”

Sh ee
nes

v

wage










yet
ej

He added that. recent M&A: a

trends in the Bahamas were,« 3
_ likely to be “just the beginning *

in terms of corporate activity”,
as international businesses with’.
existing interests in the ©
Bahamas sought to exit thet
positions and others looked to.
come in.

a | .

Mr Kerr indicated that fur- ag

ther opportunities could be
provided if the Government.
moved on the Social. Security. ,

Reform Commission’s report,;;. ‘iat .
which recommended that it be.” 9

mandatory for companies to",
provide pension schemes for-,
their employees.

“We cannot overlook the. °

potential of a structured pen-~ =

sion environment, and the -
potential for qualified profes-
sional service providers,” ‘ae

- Kerr said.

He added that staff training
would be “critical to us”, along
with a “cutting edge” integrat-
ed Information Technology
(IT) platform. :

Providence Advisors’ chair-*
man is former Central Bank
governor and Grand Bahama
Port Authority co-chairman.

Joining Mr Francis and Me" \"

Kerr on the Board of Direc-7-
tors:are Hugh Sands, former =
Bank of the Bahamas Interna-

Om ft rw ew at

ng
a
q
a.
o
of
a

ae oe

b

tional chairman; Robert Sands,” ~ °
Baha Mar’s vice-president. of -
administration and external. \

affairs; and George E Rodgers, |

the Bahamas Development ‘

Bank’s managing director.
The Providence Advisors .
team includes Monique Coop-
er-Davis, chief financial offi-
cer; Bradley S Cunningham,
manager of corporate services;
and Carol E Burrows, manag-
er of investment services.
They are supported by Olive
C Gaitor, Agatha A G Moncur
and’ Florabelle Rodgers. All
are former employees of SG
Hambros Bank & Trust
(Bahamas), where they spe-
cialised in the management
and administration of all of its
Bahamian Dollar clients.
Providence Advisors cur-
rently employs 10 staff, of.
whom three are part- time.

4

www rre + ce

Ee



THE TRIFUNE



1 UFSY [Nose

MONDAY, AUGUST 14, 2006, PAGE 3B

ower cuts damage



usiness, say firms

@ By CARA BRENNEN
-\- Fribune Business
- Reporter
and NEIL JARTNELL -
Tribune Bisiness Editor
_ ‘A. VARIETY of businesses last
. week reportd to The Tribune that
power cuts, vhich occurred during
the latest roud of industrial unrest to
‘ impact the Fahamas Electricity Cor-
poration (B2C), had again negative-
ly impacte¢ their operations.
One groer in the Carmichael Road
area told Jhe Tribune that power cuts
'. forced them to close their store for “
at least one hour on Thursday
because ‘he electricity was off. So we
did lose money”.

Employee

’. Another employee at a laundromat
in the Carmichael Road area said the
power cuts forced them to refund
money to customers who were usin’
their machines when electricity we‘
_ off.

“If we have eight or nine custor’ts
at a time, they can be using at ’ast
four ‘machines at a time, so if wel@V¢
to refund their money then tbt can
be at least $6 a person,” she s!C.

A spokesman at the LC/ariety

Airlines still assessing -



SAA Medea

mi By CARABRENNEN
TribuneBusiness Resorter

_ IT is toosoon to tell ifchere will be any

food store said its generator had
ensured the company did not lose
money or have to discard perishable
produce during the BEC power cuts.

However, the LC spokesman said
that even before last week’s power
disruption, the store had been expe-
riencing pover cuts at least two to
three times « week.

This has lad an effect on the gen-
erator, whch has to be cutting off

_and on, he said.

Yolania Brennen, of Rainbow
Flowers said the electricity cuts had
affectrd the firm’s computers,
althowh their floral supplies have so
far nt been affected.

“the coolers can stay cool for at
leat a day, so once the electricity
cones back on quickly it’s okay,” she
gid. ;

The store keepers said the situa-
tion was frustrating, because cus-
tomers had been unwilling or reluc-
tant to shop and use their services
when power is off.

The comments by the store own-
ers show the potentially grim eco-
nomic consequences, which can be
measured in lost work: hours and
thousands of dollars, when BEC - the
sole provider of electricity on New
Providence - experiences a major
power failure. s

to the airport well in advance of their
flight, the disruptions should be minimal,”

BEC management last week
blamed the rounds of power cuts,
which began shortly after 9am on
Thursday, on sabotage, although the
Bahamas Electrical Workers Union
(BEWU), which represents BEC
workers, has denied this. Police inves-
tigations are still ongoing. The out-
ages coincided with the start of
demonstrations by the union to
protest what they described as failed
contract negotiations.

Owners

The Bahamian public and business
owners are likely to be becoming
increasingly fed up with the power
cuts, regardless of whether they are
caused by equipment failures or
alleged sabotage.

These problems are experienced
every summer, and are likely to be
wearing thin with electricity con-
sumers, especially given the increased
prices they are being charged by BEC
as a result of high global oil prices.

Many BEC customers have seen
their electricity bills for July jump by
between 75-125 per cent, as the Cor-
poration passes on the increased cost
of fuel to its customers through rises
in the fuel surcharge.

The increased prices, and the

Te

And cars entering the airport area were
being subjected to additional security

impact they are having on household
and company budgets, means that at
the very least the Bahamian public is
likely to demand is a consistent, reli-
able and uninterrupted electricity sup-
ply.

High electricity bills are not just a
problem in New Providence. The Tri-
bune has been told that on Grand
Bahama, the industrial capital of the
Bahamas, pharmaceutical and indus-
trial-related companies, which have
high electricity demands, have seen
their bills jump to $300,000 to
$400,000 per month.

This has revived calls for a liquefied

- natural gas (LNG) terminal on Grand

Bahama, given the possibility that
LNG could be employed as the fuel to
drive power stations on that island
and relieve companies of the crip-
pling electricity cost burden.

It is understood that even account-
ing for taxes, electricity bills incurred

_ by similar companies in the US are

one third lower than those in Grand
Bahama, meaning that this nation is
becoming increasingly uncompetitive
from a cost point of view.

’ Like BEC on New Providence,
Grand Bahama Power Company is
also suffering from industrial unrest,
albeit at the hands of a different
union. ;

David Dunbar,
Grand Bahama Pow-
er Company’s, chief
executive, said the

ed good salaries for
its workers that have
been increased faster
than inflation, and

company has provid- -

made liberal overtime and double
time pay during the 2004 and 2005
hurricanes.

“We have a pension that is 100 per
cent paid by the company, 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
vacation, 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 uni-
form allowance.

BEC’s power cuts last week also
knocked out countless traffic lights
on New Providence, creating havoc
during peak rush hour periods and

' for businesses that rely heavily on

‘transportation.

Intersections

The intersections affected includ-
ed the intersection of Shirley Street,
Mackey Street and Bay Street;
Thompson Boulevard and Farring-
ton Road. Two lights were out on
East Street- one at Gibbs Corner and
at the intersection with Wulff Road.

Also, the light on the corner of
Collins Avenue and Rusty Bethel
Drive was not working.

The signals on Bar 20 corner and
the corner of Village and Parkgate
were also out of commission.

pyect eae Wee eicae

hier



financial impact on ailines serving the
Bahamas due to the “creased security
measures implemered following the
foiled terrorist plot ¥ London-based ter-
rorists last week. ;

Milo Butler II, t© Bahamas-based gen-
eral manager for pirit Airlines, said that
as yet the airline 2d not experienced any
fallout as a resu Of what had happened.

He said it wastill too early to tell what:
will happen, b: said the only impact Spir-

‘it had seen “8 that some flights. were
yminutes at most.
delayet said he had to place some
passenger arriving within an hour of
boarding me on a later flight, because
there w2t00 little time for them to clear

security

Determined

said Spirit was determined to run
- | #jzs as close to their scheduled time as
"- waible.

PT here has certainly been a media blitz
1 what has happened, and if people come

ee .

‘. Grand Bahama’s leading All-inclusive resort, the 276 room

WYNDHAM FORTUNA BEACH

Grand Bahama, Bahamas

Requires a

Mr Butler said. . A screening. :
Passengers will be allowed essential
Recommended medicines and, if a baby or small child is’

He recommended that passengers
should arrive at least two-and-a-half to
three hours before flight time.

Mr Butler added that it was unclear

what impact the situation will: have on
ticket prices or airline profit, as airlines
have been told the new requirements will
only be temporary.

Passengers at Sir Lynden Pindling Inter-
national Airport were subjected to extra
checks after news came through that 23
arrests of suspected terrorists had been
made by British police and intelligence
services last week.

British police thwarted what was

described as “the most significant terrorist .

plot since September 11”.

At least six flights from London to three
US cities had been targeted for mid-air
explosions - a plan that could have cost
thousands of lives. . ;

Police and security staff in Nassau were
preventing passengers from taking liquids,

‘gels and other substances on to aircraft.

BIS:

Pricing Information As Of:
Thursday, 10 August 200 6







travelling, baby formula, breast milk or
juice, said the US Embassy in Nassau.

Minister of Transport and Aviation,
Glenys Hanna-Martin, encouraged pas-
sengers to comply in advance with these
new protocols.

Measures

“These measures will require longer
waits at the airports and passengers are
asked to be patient, to arrive as early as
they can, and to comply in advance with
the directives on those items that cannot
be permitted on board,” she said.

“Tt should be noted:that the prohibited
items may be placed in checked baggage.
The measures will apply throughout the
country where commercial flights are des-
tined to the US or the United Kingdom.”

Mrs Hanna-Martin said the public will

be kept abreast of any new additional .

security measures as they occur, including
whether the threat level had been reduced
or discontinued.





Abaco Markets

‘Colina |

Financial Advisors Ltd.

Sree age

Minimum Job Requirement

. 5+ years experience

: Strong work ethic-and communication skills

: Strong interpersonal.skills

. Must be computer literate .

Compensation

_. Commensurate with both qualifications and experience

Assurance of Confidentiality
. Assurance is given that every applicant will be treated in
the strictest of confidence Fe

Â¥

Interested applicants must apply only in writing to:

Human Resource Manager
Arawak Homes Ltd.
P.O. Box N-3180
Nassau, The Bahamas.

Kindly include two references

All applications are to be received at Arawak Homes Head
Office, East Shirley Street at Highland Terrace no later than

























0.00



August 23rd 2006





Jianaeiea







-0.108 0.000 N/M

























+, we . . 12.05 9.25 Bahamas Property Fund 12.04 12.04 0.00 1.612 0.380 7.5 3.16%
A Kitchen & Laundry Technical Mechanic 7.49 6.50 Bank of Bahamas 7.49 7.49 0.00 0.738 0.330 10.1 4.41%
0.85 0.70 Benchmark 0,80 0.80 0.00 0.292 0.020 2.7 2.50%
1.80 1.26 Bahamas Waste 1.48 1.48 0.00 0.143, 0.000 10.3 0.00%
A . 1.49 4.10 Fidelity Bank 1.48 1.48 0.00 0.188 0.050 7.9 3.68%
Responsibilities include: 19.60 8.73 Cable Bahamas 9.10 9.10 0.00 0.618 0.240 14.7 2.64%
Installation of hardware and software and the 2.20 1.39 Colina Holdings 1.96 1.99 0.03 1,439 0.009 0.000 221.1 0.00%
a : 11.00 8.50 | Commonwealth Bank 11.00 11.00 0.00 0.943. 0.600 11.7 5.66%
_ | ability to read technical manuals; 6.26 4.12 Consolidated Water BDRs 4.60 4.95 0.35 0.130 0.045 35.3 0.98%
. Communicate proper maintenance schedules 2.88 2.10 Doctor's Hospital 2.50 2.50 0.00 0.283 0.000 8.8 0.00%
6.21 4.02 Famguard 6.21 6.21 0.00 0.539 ° 0.240 11.5 3.86%
associated with equipment 11.51 10.49 Finco 11.51 11.51 0.00 500 0.745 0.540 15.1" 4.78%
. 13.10 9.30 FirstCaribbean 13.05 13.10 0.05 4,050 0.885 0.550 14.8 4.20%
; j j 41.17 8.91 Focol 41.17 11.17 0.00 0.885 0.500 ‘126 4.48%
Conducting preventive maintenance checks, 1.15 1.00 Freeport Concrete 1.00 1.00 0.00 -0.170 0.000 N/M 0.00%
troubleshooting systematic equipment, and no-2e pee! len Uiltee Bee BO5 G00 Bese SOE : 088
-10 i . S. Johnson i i ¥ 3 f s
providing a cost analysis. 8.02 5.30 Kerzner International BDRs 8.00 8.01 0.01 0.160 0.000 ~—50.1
: } i ee oi eres aun
; : So MD LM Md LIME
Salary/Benefits commensurate with successful candidate’s eWeekly Vol. EPS §__Div$ cS
ry Bahamas Supermarkets : 850 1.923 0.960 F
Caribbean Crossings (Pref) 8.00 0.000 0.640 NM

qualifications. .
RND Holdings




Applicants for the above position must reply in writing
by August 22, 2006 to:

Bahamas Supermarkets
RND Holdings .




1.300892*
2.9038***
2.441484**

Colina Money Market Fund
Fidelity Bahamas G & | Fund
Colina MSI Preferred Fund

THE GENERAL MANAGER:

WYNDHAM FORTUNA BEACH
Doubloon Rd & Churchill Drive, Grand Bahama, Bahamas
P.O. Box F- 42398, Freeport, Grand Bahama,
Bahamas
Or via e-mail: excfortuna @ vivaresorts.com



YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - A company’s reported earnings per share for the last 12 mths
NAV - Net Asset Value

N/M - Not Meaningful

FINDEX< - The Fidelity Bahamas Stoc'
apiairasatte “ 3 cea




MARKET TERMS.



52wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks
I Previous Close - Previous day‘s weighted price for daily volume
Today's Close - Current day‘s weighted price for daily volume
Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

* - 28 July 2006
** - 30 June 2006

“** ~ 30 June 2006







30 June 2006
SPS WIC CKC
SASL





BEE





PAGE 4B, MONDAY, AUGUST 14, 2006

Policy, from 1B

Fidelity said everything was
done in accordance with the reg-
ulators, and all necessary
approvals were obtained.

However, Mr Peet said the
Government had not yet grant-





NOTICE
GIMMLI LIMITED

HOTICE It HEREBY CHVUEDM ax follbeor:

ed final approval to BSL Hold-
ings for its $56 million Bahamas
Supermarkets takeover.

He said: “The sale is not fully
finalised as the relevant govern-
ment regulatory agencies are still



reviewing the matter.” A final
determination was to be made
soon.

That contradicts last week’s
release from Fidelity, and also
Winn-Dixie, announcing the
deal’s completion.

The $56 million transaction is
understood to have been funded
by a combination of $15 million in
Bahamian equity; the $10 million
unsecured loan from Barbados
Shipping & Trading; .$5 million
in preference shares; and $26 mil-
lion in commercial bank debt.

The deal, which is thought to
be the largest buyout for a non-
hotel business in the Bahamas,
will see BSL Holdings take over
majority ownership of the 12-

store chain, which operates in
Nassau and Freeport under the
City Markets and Winn-Dixie
brands, from US grocery retailer
Winn-Dixie.

Winn-Dixie will receive $54
million for its stake in Bahamas
Supermarkets, with the remaining
$2 million related to transaction
costs, including legal and corpo-
rate advisory fees.

Chairman

BSL Holdings’ Board has as its
chairman, J Barrie Farrington,
Kerzner International’s executive
vice-president of administration.
Two other directors are busi-
nessman Franklyn Butler and















(x) GIRL LIRGITED & inveolraticy dave ntion racks die pro vinden
ofBxction 137 (4) of dee Dexontiomm] Bren Companies fet
2000,

(b) The Agno Intion of dix dd cornpary comnneneed on the 941 Anpmt,
2006 sien dix Aetielex of Dano Intion viece nbanited t aget
wend by dix Re ixtenc Creare.

(=) Tle Liqnditawe of die id coanpaay & Uvacings Arcceintead Lat.,

Paxea Extras, Road Town, Tosteh, BU.

Dated di 1141 oF Anynxt, A.D. 2006

LUcaeinge Arcceiated Lad,
Liqnicntos



LEGAL NOTICE OF DISSOLUTION

International Business Companies Act
(No. 45 of 2000)

In Voluntary Liquidation

Notice is hereby given in accordance with Section
138 (8) of the International Business Companies
Act, No. 45 of 2000, the Dissolution of PAN ASIA

completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck

off the Register. The date of completion of the
dissolution was the 12th day of June, 2006.

ld ‘ |
ii Ch ; |
i + . Af : ; .

Employment Or portunity

_| Assistant Manager, Mortgage Lending
Freeport Branch

Commonwealth Bank is the premier Bahamian Bank with branches _
located in New Providence, Abaco and Grand Bahama. We are
committed to delivering superior quality service, to training and
developing our employees, to creating value for our shareholders

- _ and co promoting economic growth and stability in the community.

This position is open to candidates with the following minimum
requirements: - :
Core Responsibilities:

© Carrying out a range of lending activities including but not
limited to:

- Interviewing applicants to determine purpose of credit
requirements i.e. mortgage/loan/overdraft

- Advising applicants of financing options-term, rate costs, etc.

- Determining credit acceptability based on credit score and
other tools : . : ;

- Providirig rationale and approving credit within authorized
limit or making recommendation to Management for chose
in excess of lending authority

- Managing the oversight of collateral including registration of
legal documents, insurance and escrows

- Managing the Mortgage portfolio collection activities
including collecting delinquent loans, negotiating with
delinquent borrowers, foreclosures, repossessions and other
legal steps in recovery

Maintaining ongoing customer relationships and participating in

Branch marketing efforts ae

Selling new deposit and investment accounts

Carrying out a range of administrative functions in support of

customers’ personal banking

* Providing strong leadership for Branch personnel

* Support Management with oversight of commercial loan

portfolio ae tg

°

Qualifications, Skills & Experience:
* Five years commercial banking and lending experience
* Strong leadership skills |
* Abilicy to deal tactfully wich customers
* Strong written and oral communication skills
* Commitment to Customer Service Excellence
* Strong sales abilities
* Excellenc PC skills (MS Word, MS Excel)
* Some Accounting knowledge is helpful bur not essential

Remuneration Package:

We offer an exciting work environment with opportunity for growth
and development. We also offer a competitive compensation package,
which includes performance based incentives, pension plan, health,
yision, dental and life insurances.

Interested persons should submit their resumes in WRITING or E-mail
along with copies of their certificates before August 25, 2006 to:



i HUMAN RESOURCES DEPARTMENT
Re: Assistant Manager, Mortgage Lending, Freeport Branch
PO. Box SS-6263
Nassau Bahamas
Telefax: 394-0758
E-mail address:anne.lightbourn@combankled.com

.

CONSULTANTS AND TRAINING LTD. has been |










PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that I, ERDILIA ISA of Cordeaux

Avenue, of P. O. Box FH-14300, Nassau, Bahamas, intend
to change my name to FERDILIA ISMA-DAREUS. If there are ’
any objections to this change of name by Deed Poll, you may
write such objections to the Chief Passport Officer, P.O.Box N-
742, Nassau, Bahamas no later than thirty (80) days after the
date of publication of this notice.



OFFICE SPACE AVAILABLE
PERFECT FOR ATTORNEY:

Rent includes the following: |









oy Cleaning
* Security
* Parking

* Electricity

* Water |

* Generator

* Receptionist * Use of two

* Kitchen and - conference rooms
Bathroom Supplies * Use of Law Library

To arrange viewing please call: 394-5145













RBC FINCO INVITES TENDERS
RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece 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.

NATURE INTENo,
Oo

@nautilus



‘n 5
f fh
YSED with a4 TRACE MINE

Woo
a— (a
Bla

POSITIONS AVAILABLE

Bottled water company invites applicants for;
Truck Drivers, Sales People, and Receptionist

The potential candidates must meet the following criteria:

*’ A minimum but not limited to a High School Diploma,»
along with working experience in a similar position

© Excellent communication skills

* Must be a team player, motivated & well groomed

© Successful applicants can look forward to
competitive re-numeration and benefits.

* Willing to work flexible hours

* Applicants must be 25 yrs or older and possess
a clean police record & a valid drivers license.

Please note that we are located in
the western district near the airpert.

All interested persons are asked to call
377-0444 thre 0446 or submit resumes to
jobs@Nantilush20.com prior to August 11, 2006.

Only successful appicants will be contacted.

Anwer Sunderji, chairman and
chief executive of Fidelity Mer-
chant Bank & Trust, which struc-
tured the transaction and formed
BSL Holdings as a buyout group.

The last two Board members
are G. Anthony King and Frere
Delmas, representatives of Bar-
bados Shipping & Trading. The
firm is a major food retailer in
Barbados, and other believe its
involvement will be positive, as
its experience and size could gen-
erate efficiencies that will be
passed on to Bahamian con-
sumers through lower prices and
more choice.

A letter from a J Moore,
received yesterday, said: “As a
customer of City Meat, I sincere-
ly hope that someone will try to
improve the buying as I am tired
of having to. shop at two, and
sometimes three, different shops
to complete what I need. -

“Prices also vary between
Rosetta Street, Harbour Bay and
Blue Hill stores, so much that I
have questioaed this with the
managers. Alse, prices are going
up, in some cass $0.89 a week,
every week.” |

The five BSL Yoldings direc-
tors will now sit 0. the Bahamas
Supermarkets Boad, and Hugh
Sands will not be onzither Board,

THE TRIUNE

y

viewed 5 a non-core operijon

. by Winmjxie, and the $54 4j1-

lion rals€ from the sale is ke\to
helping it merge from Chapter
11 bankrujoy in the US.

_ BSL Holings’ shareholder:
include rival od retailer, Abaco
Markets, whip holds a 10 per
cent stake in \e buyout group.
Other investornjnclude Abaco
Markets chairma and chief exec-’
utive, Craig Synnette, fellow
shareholder Mr hitler and the
Bahamian hotel inustry pension
funds.

Observers of th: Bahamas
Supermarkets trinsaction are
likely to view the jea\’s comple-
tion as clearing tle way for the
company to begir merger talks
with Abaco Markt¢s, something
most view as a logcal outcome

to developments. : ee!
Bahamas Supernarkets will-.-.-
remain listed on tl over-the--"

counter market, witk22 per cent
of its shares remainiig in public
hands. :
National Investnent Policy -’
concerns have also leen raised’.
about the involvemeit of Banks’
(Barbados) Breweies in the

. group that has taten over. >.
Caribbean Bottling Company: | -~
(Bahamas), the Barbadan brew-’. - |

ery having made a $¢million



as incorrectly report last week.

unsecured loan to helpfinance
Bahamas Supermrkets was 3

that deal.













NONICE

RBC FINCO INVTES TENDERS

RBC FINCO invites tenders for th purchase of ihe following:

“ALL THAT piece parcel or lot of land bag Lot No. 1861, Pinewood
Gardens situated in Southern District of th{sJand of New Providence
one of the islands of the Commonwealth the Bahamas. Situated
thereon is a Single Family Residence CONSISy 9 of (2) Bedrooms, (1)
Bathrooms.

Property Size: 5,000 sq. fi
Building Size: 975 sq. ft.

This property is being sold under Power of Sale contied in a Mortgage
to FINANCE. CORPORATION OF BAHAMs LIMITED. ' &
All offers should be forwarded in writing in a sealed eNVope, addressed
_ to the Manager, Royal Bank Collections Centre, P.0.19x N-7549,
Nassau, Bahamias and marked “Tender 4667” . All otys must be
received by the close of business 4:00 pm, Friday 18th Atust;.2006. :
: i : i Eh oer ray




\
RBC FINCO INVITES TENDEg

RBC FINCO invites tenders for the purchase of th following: :

“ALL THAT piece parcel or lot of land being Lot 16, #3, Sea
Beach Estates situated in the Eastern District on the Islato¢ New
Providence one of the islands of the Commonwealth of the hamas,
Situated thereon is a Duplex Apartment consisting of 1-(3) Beyoms,
(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 Mortgag
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, oe
Nassau, Bahamas and marked “Tender 0581”. All offers must be § \
received by the close of business 4:00 pm, Friday 18th August, 2006.

PART-TIME
ACCOUNTING OFFICER

Tasks and responsiblities include but are not limited to: ©

Reviewing monthly accounting entries before posting
Reconciliation of all bank accounts, including
investment brokerage account

Reconciliation of all re-insurer accounts, quarterly,
Recording all investments entries

Monitoring maturity of investments in portfolio in
order to advise financial controller

Assisting accounting officer and financial controller
with completion of monthly management accounts as
well year end audit

Successful candidate should meet the following criteria:

Bachelors degree in accounting or professional
accounting designation with 1 or 2 years experience
Team player, able to operate in a very small office
environment and handle individual repsonsibilities

Affinity with figures and attention to details

Respond to:
Financial Controller
P.O. Box N 8320
or
Fax: 326-3132





THE TRIBUNE MONDAY, AUGUST 14, 2006, PAGE 5B

BUSINESS



NOTICE

LAGUNA INVEST & TRADE INC.

Two more Bahamians

In Voluntary Liquidation

Notice is hereby given in accordance with Section
138 (4) of the International Business Companies Act,

earn hotel scholarships

THE Bahamas has received
two more scholarships from the
Caribbean Hotel Foundation,
after a record 18 hotel members

= of the Bahamas Hotel Associa-

+ +

‘ tion (BHA) contributed room
. donations in support of its Silent

-“- Auction.

The Silent Auction was held in

June in conjunction with the -

Caribbean Hotel Association’s

“ ~ (CHA) CHIC conference in Mia-

. mi,
‘+ The BHA’s participation in the
~ industry-led regional scholarship
- programme has supported the
‘. education of Bahamian students,

and two more scholarships have
- been awarded to the Bahamas

- this year, adding to the one grant-

ed in 2005 that is now in use.

Annette Nesbitt, an employee

at the Radisson Cable Beach

Resort, was granted a $3,500
scholarship to pursue her Bache-
lors in Hospitality Management at
the Bahamas Hotel Training Col-
lege.

BHA student intern Helen
Bhola, who graduates this year
from the: University of the West
Indies, has been awarded a $2,000
scholarship to pursue her Mas-
ters at Florida International Uni-
versity. They join Comfort Suites
employee Joann Petty, who was
awarded a scholarship in 2005 and
is studying at Nova Southeastern
University.

BHA members supporting the
scholarship fund at last year’s .
fundraiser included: Atlantis,
Best Western Castaway’s Resort,
Bluff House Beach Club, the
British Colonial Hilton, Club
Land ‘Or, Comfort Suites Par-

" adise Island, Four Seasons, Gray-

cliff Hotel & Restaurant, Flamin-
go Bay Marina & Yacht Club,

_ Green Turtle Cay Club, Old

Bahama Bay, Pelican Bay Hotel
& Suites, Radisson Cable Beach
Resort, Westin & Sheraton@Our
Lucaya, Smith Orloff & Associ-
ates, and Gulfstream Continen-
tal Connection Airline.

“We want to express our
appreciation to all those who sup-
ported the scholarship pro-
gramme and are helping to make
a big difference in the lives and
professional development of
these young people” stated BHA
president Earle Bethell.

Through the BHA, the
Caribbean Hotel Foundation
seeks qualified applicants for the

annual scholarship programme .

starting in January of each year.

Consolidated’s Bahamas affiliate renegotiates loan terms

FROM page 1B

Blue Hills reverse osmosis plant

~ in Nassau, which is producing at

full capacity of 7.2 million gallons
per day.

The company added that it
_ expected to spend a further $2.4 -

, million to complete the Blue Hills
' plant during the 2006 third quar-
ter, which ends on September 30,
2006...

Consolidated Water is. await-
ing confirmation from the Water
& Sewerage Corporation that it

_ was meeting “all contractual

'. requirements”, the plant having

‘ been fully commissioned and

‘ undergone a seven-day perfor-
mance test in,;mid-to-late July
2005.

‘_.. The company will also spend

, an extra $800,000 on capital

‘ improvements for its Nassau-

-' based Windsor plant during the

* Windsor ] Plant, whose. capacity...

oe ee ae pee ee

+: 2006 third quarter. The expanded

was increased until Blue Hills
came fully-on line, will remain
active until mid-August, when

. some of the equipment will be

moved to another market.
Consolidated Water said its

. investing activities used up

$17.994 million in cash during the
six months to June 30, 2006, with
$17.8 million of this used for con-
struction of the Blue Hills plant.

Rights

It added that it had completed
a rights offering for its Bahamas-
based Waterfields subsidiary,
“generating proceeds of $672,136
from the sale of minority iater-
ests in this subsidiary”.

To help finance the Blue Hills
plant construction, Consolidated
Water issued $15.8 million in
secured bonds, bearing a coupon
of 5.95 per cent, to non-US
investors on August 4.

David Sasnett, its chief finan-
cial officer; said: “The net pro-
ceeds of approximately $15 mil.

lion from. these. bonds will beg.

applied to various capital expan
sion projects, including the Blueâ„¢
Hills plant in the Commonwealth

of the Bahamas, and the expan-

sion of the North Sound Plant on .
Grand Cayman, and to reduce

our bank line of credit."
For the three months to June

30, 2006, Consolidated Water’s:

net income rose by 70 per cent
to '$2.522 million or $0.20 per
diluted share, compared to $1.481
million or $0.12 per diluted share
the year before.

Total revenues rose by. 47 per:
cent to $9.6 million, compared to
$6.6 million in the 2005 eccond
quarter.

Bulk water sales were up to
$4.3 million, compared to $2.9
million the year before. Bulk
water gross margins increased to

28 per cent, compared to 19 per -

cent the year before.

For the first six months of its
fiscal 2006, Consolidated Water’s
net income was up 96 per cent at
$5.6 million or $0.44 per diluted

share, compared to $2.855 .mil-, “

lion or $0.24 per diluted share.
Total revenues were ahead BY.

‘50'per cent at'$18°9 million; ‘c6m-"

pared to $12.6 million.

: | Are you looking for job security with a
‘} reputable company? Then we're the

AE
2

Foe me

ee

company for you! :
WE ARE NOW HIRING!

Position Available: Laboratory Technician

Requirements: Associates Degree in a science related field

or

/¢ Daily Microbial Testing
| ‘Complying with quality control standards
. “erifying Materials

¢ Tate Testing

prior laboratory experience

Job Responsibilities to include but not limited to:

Applicats should be highly motivated, and able to
perform ad adapt to changing environments. Salary
commensunhte with experience. Please apply in writing,
on or before Friday, August 25th, 2006 to:

TheHuman Reswirces Manager

c/o Coca Cola-

PO. Box N-1123
Nassau, Bahamas



‘port in recent years, thanks to

-cants from the Bahamas.

2000, LAGUNA INVEST & TRADE INC. is in
' dissolution as off August 11, 2006.

All applicants mast be recom-
mended to CHF by BHA.
Members are encouraged to
consider advancing applications
from promising employees, chil-
dren of employees and others.
The BHA has stepped up its sup-

International Liquidator Services Inc. situated a: 35A

the heaudatony

member support for the CHF
auction, and correspondingly has
seen an increase in the number
of scholarships awarded to appli-

LIQUIDATOR -



Grand Bahama’s leading All-inclusive resort

WYNDHAM FORTUNA BEACH
Grand Bahama, Bahamas

Requires an
Assistant Financial Controller

Candidate must have 3-5 years experience and possess knowledge of generally
accepted accounting principles, and have the ability to initiate accounting.
projects and prepare financial reports. for. senior management and offshore

corporate olfice for review.

Skills shall include being computer literate in Microsoft Word Excel and Navision:
strong hotel auditing capabilities and must be able to perform: other related
functions, i.e.: preparation of and assisting with the annual budget, and annual audit
by External auditors as required; proven skills with 5 years.of relevant experience
Salary and benefits commensurate with

in accounting and financial matters.
qualifications.

Applicants for the above position must reply in writing by August 22, 2006 to:

THE GENERAL MANAGER:

WYNDHAM FORTUNA BEACH
Doublesh Rd & Churchill Drive, Grand Bahama, Bahamas
P.O. Box F--42398, Freeport, Grand Bahama, Bahamas _-
Or We e- “mail: Hotelexecutivesearch @yahoo. com

LTAUMESHITAGAROMRMETEERRER) RTI NRRL IENANETE STERIL TE

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-* PAGE 6B, MONDAY, AUGUST 14, 2006

THE TRIBUNE



Fidelity targets 15% a |
year growth in assets —

FROM page 1B

". “far exceed” the Basel com-

mittee’s requirements on risk-
weighted capital when the $15
million rights issue was com-
- pleted.

The way-in whieh the rights

*. issue proceeds will be used

means it is effectively a debt-
for-equity swap, where debt
financing will be exchanged for
an injection of equity to
strengthen the bank’s financial
base.

The process involves Fideli-

ty Bank & Trust International,
as the parent company and

The pension plan for Fideli-
ty Bank (Bahamas) own
employees also holds a 3 per
cent stake in the bank, while
the Fidelity Bahamas Growth
& Income Fund - a mutual

fund managed by an affiliate -"

owns another 3.75 per cent. -.
_ Together with the directors’
stakes, these two institutions

_are likely to exercise. their |
“expenses had risen at a faster

rights in full, meaning that pos-

‘of the

tively spoken for. +

Shareholder |

majority shareholder in the |

bank with an almost 68 per
cent stake, acquiring $10 mil-

lion in preference share debt in _

the bank from the existing
holders of that debt.

Once acquired by Fidelity
Bank & Trust International,
‘those preference shares will be

redeemed by Fidelity Bank °

(Bahamas), and the majority
shareholder. will then reinject
the proceeds back into the

bank by using them to buy its ©

share of the rights issue. -

. Fidelity Bank & Trust Inter-
national intends to subscribe

for all its allocation in the

rights offering, meaning that it

will effectively underwrite the -

issue by taking up just over $10
million.

Other major shareholders -

are Fidelity Bank (Bahamas)

executives Mr Sunderiji,.

Michael Anderson and Alfred
Stewart, who all hold more
than one million shares, and

for their full allocation.

“Bach existing shareholder

will be granted 0.72 rights for .

every existing share held as at
July 31, 2006. This means that,

. for example, if a shareholders
owned 1,000 shares at that’ -

date, he or she will be entitled

to 720 rights. For each right,

he/she can purchase one new
ordinary share at $1.25, mean-
ing they can buy" up to 720
shares.

said rights not taken up by
existing shareholders would
firstly be allocated to others

: who had applied for extra
~ shares.
Then, if any rights were still .

left other, it would attempt to

-place these. with institutions .

and other investors.
The. closing date for the
tights offering is September 1,

2006. Rights .are transferable
_ and.can be sold through Fideli- .

ty Capital Markets to other
have stated they will subscribe —

investors.

For ‘the first six months of

sibly 80 per.cent and upwards
Fidelity. “Bank,
(Bahamas) rights issue is effec-

Fidelity Bank (Bahamas)

“unchanged.

its 2006 fiscal year to June 30,
Fidelity Bank (Bahamas) per-.
formance has been relatively
flat, with net income, slightly

‘ahead of the previous year’s
$1.034 million at $1 -038 mil--

lion.

Total revenues were up by

11 per cent at $5.058 million,

compared to.$4.556.million for «

the 2005 first. half, ‘but total

rate.

Fidelity Bank (Bahamas)
enjoyed. some top. line. growth

in the six months to June 30,

2006, with interest income up .
by almost 2.per cent'at $5.076..
million, and interest expense»
‘down.

Non-interest income rose by

18.2: per cent to $1.78 million,”

compared to $1.506 million in

the half-year to June 30, 2005..
However, salary and staff:

benefits also rose by. 18.2 per
cent to $1.934 million, up from,

$1.637 million, while general

and administrative expenses

increased, but by a lesser |
amount, 4
The balance sheet, too, was
‘little changed compared to the:
position at December 31, 2005.:

At June 30, 2006, total assets

had risen by just over $2 mil-
lion, with total liabilities show-:

ing a similar rise, although total
deposits had risen to $115.411

million, compared to $109.74

million.
Asa result, shareholder
equity’ ~ was Nirtually

Brea Wa ae ea cc
- in circulation, just call 322-1986 today!

Credit Suisse (Bahamas) Limited

is presently considering applications for a ie

I. T. SPECIALIST (Junior Globus System Developer)

Credit Suisse Private Banking i is one of the world’s s premier private banks. Itis f

setting new standards that go beyond traditional banking services. Our dedicated
and highly qualified staff provides our clientele with’ comprehensive solutions in *
individual investment counseling and professional portfolio management. Our
total commitment is always to our clients and we focus without compromise on
their fi nancial well- being and their personal values.

The position is open to candidates with the following minimum

requirements:

Qualifications:

At least Two (2) years eipetioncs in installation; ‘configuration and
troubleshooting in a banking environment

Intermediate knowledge of GLOBUS Banking Application
(programming and administration)
Experience to run and Support Close of Business programs in -

Globus

Bachelor of Science degree i in ‘Computer Science or ecuivalent
Knowledge of AIX 5.1 — 5.3, UNIVERS/JBASE, LAN & WAN:
Experisnee with offshore banking applications.

Personal Qualities:

Excellent organizational, ‘nterporeenal and comintinication skills 2
Good technical and problem solving skills and experience

Ability to work under pressure and with minimum supervision —_,

Enthusiasm, a positive attitude and a willnonepe to work flexible

hours as overtime | - rage Ss

is required

Good technical and trouble-shooting skills and experience

Other Duties:

a

Answer Helpdesk requests (provide support & troubleshoot)
Ensure compliance to IT guidelines / directives
Ensure that “Business Contingency Planning” requirements are followed
Other duties & projects assigned by the Manager of Department .

Benefits provided include:
- Competitive salary and performance bonus

- Pension Pian
- Health and Life Insurance
Ongoing internal and external career developmenttraining program

eaters should be submitted to:
Human Resources Department

P.O. Box N-4928
Nassau, Bahamas



These: itnoas at $4: 020 mike
lion, a 14.1 per cent rise. on the
$3.522 million i in the 2005: first :
-half.”

Hurricane Season
Is
hiere



‘Starting at 25 kva - 150 kva
in stock |



Credit Suisse (Bahamas) Limited

is presently considering applications for a
I.T. SPECIALIST. (Senior Globus System Developer)

Credit Suisse Private Banking is one of the world’s premier private banks. It is
setting new standards that go beyond traditional banking services. Our dedicated
and highly qualified staff provides our clientele with comprehensive solutions in
individual investment counseling and professional portfolio management. Our
total commitment is always to our clients and we focus without compromise on

their financial well-being and their persone values.

‘The position is open to: candidates with the following r minimum

requirements: Cts ea)

Qualifications:

- At least Five (5) years experience in installation, confi guration and
: troubleshooting in a banking environment

- Superior knowledge of GLOBUS Banking Appllcayan
(programming and administration)

- RS/6000: Installation, maintenance and operation experience

- Bachelor of Science degree in Computer Science or equivalent

- Knowledge of AIX 5.1 — 5.3, UNIVERS/JBASE, LAN & WAN

- Experience with offshore banking applications

Personal Qualities:
Excellent organizational, interpersonal and communication skills -
Good technical and problem solving skills and experience
Ability to work under pressure and with minimum supervision
Enthusiasm, a positive attitude and a willingness to work flexible
hours as overtime is required
Good technical and trouble-shooting skills and experience
Other Duties:
_ Answer Heipdesk requests (provide support & troubleshoot)
Provide UNIVERSE & GLOBUS training to IT Staff
Ensure compliance to IT guidelines / directives
Ensure that “Business Contingency Planning” requirements are follow4d
Other duties & projects assigned by the Manager of Department

Benefits provided include:
~ Competitive salary and performance bonus
ee Pension Plan
os Health and Life Insurance
Ongoing internal and external career developrnntit aining program



Applications should be submited to:
Human Resources Deparment
P.O. Box N-4928
Nassau, BahanvS





THE TRIBUNE BUSINESS ka eg MONDAY, AUGUST, 14,2006, PAGE 7B






MONDAY EVENING AUGUST 14, 2006

730 | 8:00 | 6:30 | 9:00 | 9:30 | 10:00 | 10:30

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es

PAGE 8B, MONDAY, AUGUST 14, 2006

SPORTS





@ MEMBERS of SWIFT Swimming at the recent 11th FINA Masters World Seigasting Championships

Six medals for the



= SWIfIMING

AT THE recent 11th FINA
Masters World Swimming
Championships at Stanford
University, SWIFT Swimming
won six medals for the
Bahamas.

The 11 member team con-
sisted of Percy Knowles, Andy
Knowles, Nancy Knowles,
David Morley, Susan Morley,
Allan Murray, Dominic Latel-
la (coach), Sean Nottage,
Cameron Roach, Dorian

Roach, and Raymond Simp- ©

son.
The medal haul was led by

the “master” of the team, Per- -

cy Knowles, who won three
medals with his fifth place 100
breaststroke, seventh place 50






FINA Masters World Swimming Championships

FT Swimmin:





breaststroke, and 10th place
400 freestyle. (Medals are
awarded for the top 10 finish-
es).

Percy Knowles swam in the

75-79 age group.
_ David Morley followed suit
with two medals, a eight place
100 backstroke and an eighth
place 50 backstroke. David
competed in the 40-44 age
group.

‘Allan Murray completed
the medal haul with a sixth
place finish in the 50 freestyle
in the 30-34 age group.

The week long swimming

- event saw some 5,600: swim-

mers from 80 nations compete

i,

in two Olympic size 50 meter
pools with two 25 meter pools
for warm-up and swim downs.

There were some 144 new
world records set covering age

‘groups from 25 to 90 year

olds.

The swim team that repre-
sented both SWIFT and the
Bahamas has had many per-
sonal best performances since
competing at both the U.S.
Masters Nationals in May and
the Bahamas National Cham-
pionships in July.

Along with the medal haul,
other top performances
included David Morley’s 11th
place 200 back (just missed a

medal) and 21st 200 IM; Allan
Murray’s 16th place 50 fly;
Andy Knowles 22nd place in
both 800 and 400 free; Percy
Knowles 14th place 200
freestyle (Percy also would
have finished 4th in the 200
breast but was disqualified for
a one hand touch). Sean Not-
tage’s 37th place 50 freestyle,
and 40th place 100 freestyle.
Cameron Roach’s 40th place
50 fly. Dorian Roach’s 46th
place 50 fly and Raymond
Simpson’s 36th place 50

‘breaststroke.

Another highlight for the
team was the relay perfor-
mances.

team

SWIFT had four relays, two

men (free and medley) and
two mixed (free and medley
made up of two men and two
women).
' The top relay finish was
from the men’s 200 free relay
that finished 15th. The relay
consisted of Allan Murray,
Sean Nottage, Dorian Roach,
and'Cameron Roach. Allan
led off with a 24.3 for the first
50 (the time would have been
good enough for a second in
the individual 50 free) fol-
lowed by a 26.05, 26.06, and
25.5 split respectively.

With many of the Bahamas
Olympians leading the way
Masters swimming in the
Bahamas is well on its way
to joining the mp world rank-
ings.



ae



6 eae cast
in wc mufinab

Copyrighted Material
. syndicated Content» .
Available from,.Commercial News

















TRIBUNE SPORTS



@ TENNIS
AID CLAY COURT
CHAMPIONSHIPS

The Bahamas Lawn Ten-
nis Association’s AID Clay
Court Championships got
underway on Saturday at
the National Tennis Cen-
tre.

e Results from those
matches played are as fol-
lows:

Men’s Open Singles

Philip Major def. Ryan .
Knowles 6-0, 7-5.

Brent Johnson def.
Archie Burrows 6-0, 6-1.

Jason Watson def. Ralph
Cash 6-3, 6-3.

Paul Wesley def. Jodie
Turnquest 6-0, 6-1.

Men’s Veteran Singles

Lutz Danner def. Albert
McKinney 4-6, 6-4, 6-0.

Charlton Knowles def.
Tim Dames 6-2, 6-2.

w SOFTBALL

| BSC SEASON OPENING

THE Baptist Sports
Council will open its 2006
Joann Webb Softball
League on Saturday,

August 19 at the Charles

W. Saunders High School,
Jean Street. The’season is
being held in honour of
Webb, the oldest female
participant in the league.
She represents Golden
Gates Native Baptist
Church. The action will
kick off at 10am, followed
by a brief opening ceremo-
ny. The mini souse out that
was postponed from Satur-
day, will also be held, start-
ing at 8am.

BSC APPOINTS
COMMISSIONER

THE Baptist Sports
Council has announced the
appointment of Frank
'‘Pancho' Rahming as the
commissioner of the 2006
Joann Webb Softball
League. Rahming, an
active member of the Mt.
Carey Union Baptist
Church, served previously
as commissioner of the
Bahamas Government
Departmental Softball
Association. He has also
served as statistician and
national coach in the
Bahamas Association of
Athletic Associations.
Rahming said he's pleased
to serve in that capacity in
the BSC.

= ~.
roviders









a Cone
* Shield win
, we DS for Liverpoo!

oa ——— -
-—_

ibe 2 ”

bj —

—* ,
} Copyrighted Material
ars ; Syndicated Content
Available from SOmnme Cia News Providers












MONDAY, AUGUST 14, 2006

SEC ION As , ._ i
| = : ae
| 7 | een Mite
asplash |

Fax: (242) 328-2398

a

E-Mail: sports@100jamz.com



B BASKETBALL
By BRENT STUBBS
“ Senior Sports Reporter -

THE Bahamas women’s
national team will return
from the FIBA Americas
Under-20 Championships
having lost all of their
games played.



The team, coached by
Felix ‘Fly’ Musgrove, was

MIAMI HERALD SPORTS

scheduled to return home
on Sunday from the week-

Tough time at FIBA Americas
Under-20 Championships



long tournament in the six-
team field:in Mexico City,





with an 0-5 win-loss record.

ed 114-23 by the United

States on Friday and con-

cluded action on Saturday

with a 91-56 decision to
Puerto Rico.

Their. previous two

- games were against Mexico

' BMAKK RINUWLOS ald Daniel Nestor (pictiredy 10st vo Hie Dryan wrotiiers — ar eae eee,



@ TENNIS
By BRENT STUBBS
Senior Sports Reporter

MARK Knowles and Daniel Nestor
suffered another heartbreaking loss over
the weekend.

This time, it was in Nestor’s home of
Canada, as the duo went down 6-3, 6-7
(6), 10-5 (Match tie-breaker) to the
American combo of twin brothers Bob
and Mike Bryan in the semifinal of the
Rogers Cup in Toronto.

In a highly anticipated showdown
between the top ranked and number

_ four seeded teams, the fans were cheer-
ing wildly for Knowles and Nestor.

However, the boisterous crowd on

centre court at the Rexall Centre were
not enough to’propel Knowles and
Nestor to victory. But they did win the

.first set and seemed poised to avenge

their defeat at the hands of the Bryan
brothers in the semifinal of Wimbledon
in England in June.

However the Bryan brothers were
more determined and they rebounded
to take the next two sets, including the
match tie breaker to advance to the final.

The Bryans went on to post their sec- .

ond Rogers Cup title with a 6-3, 7-5 tri-
umph over the team of Paul Hanley of
Australia and Kevin Ullyett of Zimbab-
we for their fourth consecutive crown
and their 18th straight match.

On their way to the semis, Knowles

Breakfast at Subway...
A Delicious Morning Ritual



crash out in semis

and Nestor knocked off Simon Aspelin

and Todd -Perry 2-6, 6-1, 10-2 and the
team of Gaston Gaudio and Sebastian
Prieto 7-5, 5-7, 10-4.

Knowles and Nestor were going after
their fourth title for the year. They won
in Delray Beach, Florida in January; the

ATP Masters Series in Indian Wells, Cal--

ifornia in March; in Barcelona, Spain in
April and the ATP Masters Series in
Rome, Italy in May.

They also played 1 in the finals of Mar-
seille, France and in Dubai in February
and at the ATP Masters Series in Ham-
burg, Germany in May.

Knowles and Nestor are currently
ranked at No.4 on the Stanford ATP
Doubles Race that is headed by the



Wf

Bryan brothers. While the Bryan roi
ers are tied for first on the Stanford ATP
Doubles rankings as well; Knowles and

‘Nestor are seventh and sixth respective-

ly.
This week, Knowles and Nestor willibe
in Ohio playing in the Western & South-
ern Financial Group Masters in Cinci-
natti where they are seeded No.3. They

‘have earned a bye in the first round.

The Bryans are the top seéds,
followed by Jonas Bjorkman and Max
Mirnyi.

The tournament will lead into the US
Open Grand Slam in Flushing Mead-
ows, New York, starting on August 28.
Knowles and Nestor won the file in
2004.

Mexico where they finished -

The Bahamas were rout- .



(68- 43) on Tuesday and

against Brazil (99-68) on

Wednesday.

The United States went |

on to beat Brazil 96-54 to.’

win} the title. Both teams °

along with Canada, the
third place

finishers,-
advanced to the 2007 FIBA’ ~

U21 World Championship -

for Women in Guatemala
City, Guatemala from July
27 August 5.

In their final loss to

Puerto Rico, the Bahamas -

was out-classed 45-26 from

the field and 30-17 from
e three-point line.
‘However, the Bahamas

held a 60-41 advantage.

from the free throw and

out-rebounded Puerto Rico

if 45- 30.

Scoring

|: While Puerto Rico end-°-
‘ed up with four players.
‘scoring in double digits, the *
‘Bahamas only had one.

Taronya Wildgoose led

ithe attack with a side high
/17 points on 3-of-8 from
_ the field for 38 per cent
: and 11-of-15 from the foul
' line of 73 per cent.

She also pulled down

_ eight rebounds and dished

out two assists.
Delerene Ferguson was

‘ithe Bahamas’ next highest

scorer with eight points

'/and eight rebounds. Alyse
_ | Dean added seven points
_ with five rebounds.

Against the United

quarter and they were
unable to score in double

digits in the other three. :
quarters. |

t

Players

- The United States, fea.

turing a number of division’

one collegiate players, had’. °

seven players scored in
double digits. No Bahami-
an reached that mark.

-Delerene Ferguson led-:-
the Bahamas with eight

points.
Taronya Wildgoose

scored seven and Deandra ..
Williams came through: -.

with six.
The Bahamas was: out-

performed in all facets Pe

the game.

From the field, they shot.”

just 31 per cent, ‘compared
to the United States’ 71.
They fell behind 60-17

and 70-64 from the foul
line.

The United States also
out-rebounded the
Bahamas 19-4.

' States, the Bahamas fell-’.*.
behind 35-2 after the first

- from the three-point line ‘



Full Text
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Growth in assets

FESS ETSI



MONDAY, AUGUST 14, 2006









terse

Non-shift staff reportedly Laying MTR nte eae et Straw WW Era ca

$

directed not to work
over the weekend

@ By PAUL G TURNQUEST.
Tribune Staff Reporter.

MORE power cuts brought
misery to householders over the
weekend as some BEC work-
ers defied a court order to
return to work.

Despite a Supreme Court
injunction requiring members
of the Bahamas Electricity
Workers Union (BEWV) to
refrain from further industrial
action, non-shift workers were
reportedly directed not to work

over the weekend. Consumers °

in New Providence. and the
Family Islands were affected.
According to Bahamas Elec-
tricity Corporation (BEC) man-
agement, this action had caused
“continued inconvenience” to

BEC customers in Abaco. and
Exuma. A small number of con-
sumers in Nassau were also
affected.

“On Thursday evening, the
dispute between the Bahamas
Electricity Corporation and the
Bahamas Electrical Workers
Union (BEWU) was referred
by the Minister of Labour and
Immigration Shane Gibson to
the Industrial Tribunal,.a
process that mandates that all

‘ industrial action must cease.

“Additionally, on Friday
evening, there’ was an injunc-
tion obtained from the Supreme
Court of the Bahamas requir-
ing the BEWU to.refrain from
further industrial action and to

SEE page 15

Shooting victim
dies in hospital

a By ROYANNE F. DARVILLE

Tribune Staff Writer

“THE woman shot outside her home on Montrose Avenue on -

Tuesday night has died, police press liaison officer Walter Evans

told The Tribune yesterday.

‘Melissa Taylor was shot in the head in the early morning hours
by a male assailant who fled the scene before police aes
On Thursday, she died at Doctors Hospital.

: The culprit remains at large.

Mr Evans said police are still searching for the person or persons
responsible for firing the fatal shot.

_ © In other crime news, a 17-year- -old survived a brutal attack while
walking: along Mackey Street and Wulff Road in the le catty hours on

| SEE page 15_

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- FOUNDATIONS are in place at the site of what will
be the new Straw Market on Bay Street — pictured at the

weekend.

Straw vendors have said they are eager to witness the
start of construction. Although expressing their thanks for
the temporary accommodation — since fire destroyed the
original site in 2001, the vendors have voiced their hope

to see ‘some sign of progress’ in the near future.
: (Photo: Onan Bridgewater/Tribune staff)

FNM will not US pr

support LNG |
unless ‘all
safeguards

are in place’

@ By PAUL G TURNQUEST
Tribune Staff Reporter

FINALLY taking a stance on
the much-debated proposal for
a Liquefied Natural Gas (LNG)
terminal being built in the
Bahamas, the FNM _ has
announced that it will not sup-
port the introduction of such a

“dangerous industry” unless all :

proper precautions and safe-
guards were in place.

A statement on the FNM’s
website reads: “On Thursday
past environmentalists gathered
to discuss the supposedly
approved AES project to intro-
duce an LNG re-gasification

plant at Ocean Cay. Excerpts

from a report'read at the meet-
ing suggest that environmental

SEE page 15



‘





after computer glitch

a By PAUL G TURNQUEST
Tribune Staff Reporter

UNITED STATES pre-clear-

ance at Lynden Pindling Inter-
national Airport is open onceâ„¢

again after US authorities fixed
a “small” computer glitch which
shut down the airport’s pre-
clearance capabilities on Friday
afternoon.
Although local screening

equipment was unable to con-
nect ‘with computers in the US,
no flights were directly affected
by the announcement.
Starting. on Friday at about
3pm, pre-clearance. at Nassau
and Freeport international air-
ports was closed, causing pas-
sengers to go through immigra-
tion.and customs in the US.

SEE page 15

DPM denies. surveillance
missions aircraft is for sale

@ By ROYANNE F DARVILLE

Tribune Staff Reporter



DEPUTY Prime Minister Cynthia Pratt yesterday denied claims
that a Cessna 402 aircraft bought for Royal Bahamas Defence
Force surveillance missions is for sale.

The DPM, who is also responsible for national security, explained
that the executive-type plane will become the official plane for gov-
ernment use in an attempt to cut back on the high cost of charters.
She said small aircraft more suitable for military purposes will be

SEE page 15

© Pieces of Chicken
© ox Large Order Banewe> ala
és Biolaot gadind







e-clearance opens Local doctors

question
Cuban eyecare
programme

DOCTORS are concerned
that “shoddy procedures” are
being used on patients seek-
ing eye operations in Cuba.

They believe sub-standard
treatment is leading to seri-
ous complications, including
iris damage, cloudiness in the
cornea and poor stitching.

Local ophthalmologists are
now asking questions about
the Cuban eyecare pro-
gramme in the Bahamas.
They want to be sure Bahami-
ans are receiving the right lev-
el of care.

Sponsored by Cuban Presi-
dent Fidel Castro, the pro-
gramme sent 4,000 of its
10,000 ophthalmologists last
year to the Bahamas and oth-
er Caribbean countries offer-
ing free transportation and
surgery in Cuba for patients

SEE page 14






PAGE 2, MONDAY, AUGUST 14, 2006

THE TRIBUNE



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i

Tribune publisher denies
Immigration Dept requested details
over managing editor position

TRIBUNE publisher Eileen
Carron today denied that the
Immigration Department had
requested The Tribune to sub-
mit details of its attempts to
Bahamianise the position of its
managing editor, John Marquis.

However, sometime in

March Mr Gibson had instruct-

ed the Labour Department to
send an inspector to The Tri-

bune to interview both Mr Mar- |

quis and his Bahamian replace-
ment. The department is yet to
make an appointment with The
Tribune for this interview.

In the House of Assembly
on Wednesday Labour and

. Immigration Minister Shane

Gibson told the House that he

‘had requested “information

from 145 companies. Only one
did not comply — The Tribune.

®
&
3
Ww
g
B
oa
2
6
@





@ MINISTER of Labour and
Immigration Shane Gibson

One! I asked all the same ques-
tions, some wrote detailed
reports showing me ae train-
ing process.’

YOUR CONNECTION-TO 18 WORLD

Mr Gibson said he asked all
‘of the companies “the same
thing”. Not only did some write
detailed reports, he said, but
“some came with their power-
point presentation showing
me.’

“We don’t know in what
form Mr Gibson made his
request to these 145 compa-
nies,” said Mrs Carron; “but
The Tribune was not one of
them. The Tribune received no
request from. Immigration to
produce a report of its training
programmes or how it was
Bahamianising its staff. How-
ever, four months after our
application for Mr Marquis was
submitted to the Immigration
Department, Immigration sent
its first letter to The Tribune
informing us that Mr Marquis’
application had been deferred
‘to ensure what efforts have
been made to Bahamianise the
position.’ It also asked for an
editorial staff list. This was hand
delivered to the Minister’s office
the day before he spoke in the
House of Assembly last week.

“We have no problem meet-
ing with the Minister, but at no
time were we asked to either
meet with him or to submit a
report,” said Mrs Carron.

“Over the years we have met
with Sir Lynden Pindling, and
two of the FNM’s several
Labour ministers to discuss our
training programmes — all at
their request:

. “It was four months — on —

July 31 —after submitting our
application for the renewal of
Mr Marquis’ work permit that
we received a letter dated July
18 from the Immigration
Department. In that letter we
were requested to ‘submit a
staff list indicating names,

SEE page 13

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OOM eM NE a ie 1s age sa eit eas a
THE TRIBUNE









PM Christie
returns to
Nassau after
exercises

PRIME Minister Perry
Christie returns to Nassau today
after attending commencement
exercises held yesterday at the
Northern Caribbean University
in Mandeville, Jamaica.

Senator
asked to
explain ties
to dealer

PUERTO RICO
San Juan

A SENATOR accused of
having ties to a slain drug deal-
er should explain his connec-
tions to the man, a political
leader said Sunday, in a growing
scandal in the US territory,
according to Associated Press.

Senator Hector Martinez, of
the New Progressive Party, ini-
tially said he did not have links
to Jose “Coquito” Lopez, but
later acknowledged signing a
concealed weapons permit for
him. Martinez was also pho-
tographed on three official
prison visits with Lopez — who
allegedly controlled the drug
trade in northeast Puerto Rico
—.as head of the Senate’s pub-
lic safety panel.

“He has delayed giving an
explanation for too long,” said
Jorge Santini, New Progressive
Party vice president.

Martinez, who has denied any
wrongdoing, has temporarily
stepped down from his role as
head of the public safety panel.
Federal authorities and Puerto
Rico’s Justice Department are
investigating allegations that he
and at least two other lawmak-
ers had close ties to Lopez.

Tourist is _
stabbed to.
death in

Jamaica -

a JAMAICA
Kingston

AN Australian tourist was
found stabbed to death and his
hotel room ransacked in the
northern Jamaican resort town
of Montego Bay, police said

Saturday, according to Associ-

ated Press.

Authorities were investigat-
ing the killing of 27-year-old
Brian Johnston, of Melbourne,
who was found Friday with mul-
tiple stab wounds, police Con-
stable Richard Myers said.

MByMARKHUMES

HOPING to dispel rumours
of a $90,000 pay-out to the
Valley Boys Junkanoo Group,
Peter Adderley, director and

co-ordinator of Feel The Rush,
said any such suggestion is
unfortunate and misleading.

After promoting a $90,000
cash purse, rumours began cir-
culating that the Valley Boys,
as overall winners of the Feel
The Rush junkanoo competi-
tion held in Grand Bahama
last weekend, had received the
prize.

However, Mr Adderley told

The Tribune that it was most â„¢

unfortunate that some print
media suggested the Valley
Boys had won the sum for
their victory in the parade.

“That is most misleading,”
said Mr Adderley, “and I am
certain it can affect their solic-
itation campaign for the New
Year’s and Boxing Day
Parades.”

“Moreover,” he added, “it
is possible that it can create
some chaos as it relates to
accountability for the leader-
ship. So, for the record, I want
to make it quite clear that the
overall winners share a $40,000
pot, which is $16,000 for the
winner, $10,000 for second,
$8,000 for third and $5,000 for
fourth place.”

The other $50,000, said Mr
Adderley, went to groups win-
ning the best music, costume,
off-the-shoulder, choreogra-
phy, no brass zone, and best
performance on the Seventeen
Mall backstretch awards.

“At no time did we say, win
ner takes all,” Mr Adderley

said in declaring the Valley,

Boys did not receive the full
sum. “As a matter of fact, I
find it so important to put forth
this information to the public
because, when the idea of a
pot prize was presented, we
wanted to give the overall win-
ners much more. But it was
Gus Cooper, in particular, who

i - thought it was important from

the first Feel The Rush that
there was parity in the prizes.”
Expressing his appreciation
to.Mr Cooper for his sugges-
tion, Mr Adderley said it was
unfortunate that he is now the
focus of the rumours. *
Despite the mix-up, Mr
Adderley said he was delighted



LOCAL NEWS



‘i THE Valley Boys dancers

that the Valley Boys had
accepted his invitation to put
on a workshop and give Bimi-
ni a full parade performance
during the Bimini Celebration
Rush activities on Friday and
Saturday, August 25 and 26.
Results of Grand Bahama’s
Feel The Rush competition:
Best Choreographed Dancers -
Valley Boys ($1,000), Best Off-
the-Shoulder - Saxon ($1,000),
Best Lead Costume - Ist

@ PRIME Minister Perry Christie getting in the spirit

Grand Bahama All Stars
($8,000), 2nd Valley Boys
($6,000), 3rd Saxons ($4,000),
Best Banner - (Tie: Saxon and
Valley Boys), 3rd One Family,
Best Performance on the Sev-
enteen Mall Backstretch - Ist
Saxons, 2nd Grand Bahama
All Stars, 3rd Valley Boys
($3,000 to be divided, between
winners), No Brass Zone Win-
ner - One Family ($2,000),
Best Music - 1st Valley Boys,

Film festival wins praise for
focusing on breast cancer

THE Bahamas Film Festi-
val has won praise from the
Minister of Health for high-
lighting the issue of breast

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cancer.

The four-day festival was offi-
cially opened last Wednesday
at Galleria Cinemas, John F
Kennedy Drive with the pre-
mieré of the movie Survivor,
written and directed by festival
producer, Celi Moss. The movie
is. about a breast cancer survivor
who has had a mastectomy,
then falls in love with a man
and the issues surrounding that.

Terry Fountain, president of
The Cancer Society of The

‘Bahamas was on hand. to

endorse the movie and salute
Mr Moss for choosing such a
timely topic.

Minister of Health, Dr
Bernard Nottage, who was also
present, spoke of the impor-
tance of giving as much expo-
sure to the topic of breast can-
cer as possible. He also praised
the festival organisers for their

role in Bahamian film making.



From the Bahamian enter-
tainment scene, Alia Coley,
Trey “Anku” Eneas, Kevin
Strakan, Fred Ferguson and

many more were on hand. Also
in town for the festival was
famed comedian Don DC Cur-
ry from Comic View (BET),
who is no stranger to this town
having been here three times in
one month already. ~

The entire festival was dedi-
cated to the memory of Kayla
Lockhart Edwards. 0

A special guest at the festi-
val was Jeff Friday, the CEO of
the American Black Film Festi-

- val and the CEO of the Ameri-

can Black Movie Awards.

LD TOE BONG NeW








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PAGE 4, MONDAY, AUGUST 14, 2006

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE



The Tribune Limited

NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI
Being Bound to Swear to The Dogmas of No Master

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

SIR ETIENNE DUPUCH, Kt., O.B.E., K.M., K.C.S.G.,

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Publisher/Editor 1 972-

Published Daily Monday to Saturday

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

TELEPHONES
Switenboded (News, Circulation and Advertising) 322- 1986
Advertising Manager - (242) 502-2352

Reliving the past through our files

IT’S FASCINATING going through The
Tribune’s files — particularly the political
files.

It is most interesting to see in how many
directions a politician’s windmill can swing
during the course of his political career. One
day his. opinion is on this side of the fence, in
a few weeks time — especially if he has
changed party. affiliation — it’s on the other
side. Some don’t seem to have very.firm prin-
ciples and so it’s like following shifting sands
to get a fix on which direction they might be
headed in next. Others are more predictable,
that is if one understands their ultimate goal.
And so for them, moving from position to
position to reach that goal:can be a part of

their strategy — in other words, for them,

their political ambition justifies any machi-
avellian means used to achieve it.

Historians of the future are not going to be
very kind to some when they study the pattern
of their shifts on vital issues.

This weekend we were looking through the
press files as that seems to be the hot subject
in local news.

The Tribune and its reporters -have been

accused of many things, but the late PLP.

Oakes Field MP Philip Pinder gave their vices

. a new twist on the floor of the House of °
Assembly on. April 12, 1989 — three years °

before the fall of the Pindling administration.

. The Tribune, that evil old institution that
corrupts the minds of young journalists, was
accused that year of having ESP — Extra Sen-
sory Perception. How’else would it-know the
Pindling government’s every move — even
before its own backbench? This was of par-
ticular annoyance to government back-
benchers in those years.

“I must commend The Tribune for their
covert operations in the last 23 years,” Mr
Pinder said, “because no matter what, no mat-
ter when, no matter whether they are to be
fired or whether they are to be hired... The
Tribune’s got it. The Tribune announced the
two Ministers on the front bench six months
before they were appointed. I believe that the
only reason they were appointed was because
The Tribune announced it. And it was a fact.

“Now whether The Tribune has, and I have
to be careful how I say this because if there is
a covert operation it’s classified, and I don’t

want to get caught in an Oliver North situation. -

where the fellow tells me and then he says:
Who me? .
“But I believe that either there is some

form of eavesdropping equipment up there ©

somewhere because it has been going on now
for 23 years and The Tribune always manages

to come out with a heading: ‘Sherwin Thomp-

son gets monopoly on duty free shopping.’

“Somehow, in about a year, Sherwin
Thompson will get the monopoly on the duty
free shopping stores. It will be denied vehe-
mently for the next year but somehow, if The
Tribune goes to bold type, I mean headline,
without a question mark? Bold type as a state-
ment of fact...” he said rubbing his chubby
hands together as if to say: “That’s it!”

“ESP!” a House member shouted.

Mr Pinder said that sometimes The Tribune’

reports “a lot of things that are irresponsible,
not necessarily untrue, but irresponsible. But
I think in this particular case, you are talking
about two nights in a row they had the head-

line and the name of the company, the name _

of the gentleman, the name of his partner...”

“Photograph too!” a member shouted from
across the floor. _

“Tt’s just like Carnival,” complained Mr Pin-
der. “The Tribune knew about it. I am an hon-
ourable member for the PLP on the back-
bench and I think I should know of it after
Cabinet. Cabinet first and then honourable
backbenchers. And The Tribune has reported
that the Cable Beach Hotel was sold six
months before it was announced.” .

Mr Pinder and his colleagues on the back- —

bench were most put out that The Tribune
had come between them and their Front
Bench. ~

If they had had an ounce of political sense
they would have seen the handwriting on the
wall. The Pindling government was falling
apart at the seams, and these leaks predicted
their election defeat in 1992.

When the PLP first came to power in 1967,
the Bahamian people and the civil service
were such staunch supporters that The. Tri-
bune could not even get legitimate informa-
tion. Those were difficult days. It was even
politically incorrect to be seen talking in pub-
lic with the owners of this newspaper.

But we kept chipping away. Eventually we
found a chink in their armour.

Sometime after Mr Pinder’s outburst we
were advised: If you know of something that
will be good for the country, hold back. They
don’t want the public to see that The Tribune
is right again. Government will either cancel or
delay to put The Tribune in the wrong.

The Tribune quickly changed its tactics.

If a government decision was for the coun-

try’s benefit, we let government make the

announcement. However, if it were otherwise,
we would always jump the gun knowing the
project was sure either to be dropped or
delayed.

In those days it was like playing a game of
chess with a government that had lost the
minds and hearts of the people.

Even that we knew before them.



Bahamas Bus & Truck Co., EGE

MONTROSE AVE.

PHONE: 322-1722 ¢ FAX: 326-7452

The forgotten
art of showing
our gratitude

EDITOR, The Tribune

- THANKS is not a word
that is often heard in today’s
world. I once called a five-

' year-old relative on a hot

summer’s day and gave her a
dollar out of the kindness of
my heart, thinking that she
would quickly say thanks like
I used to as a child (when
receiving similar gifts) and
run to a store for a cold soda
or an ice-cream cone. I shall
never forget the innocent
looking little child’s response:
“That’s all? Where’s the next
dollar?” Before returning to
her game the child did some-
thing that was uniquely
Bahamian — she sucked her
teeth, then said the much

anticipated words — “Thank
you.’
At first I was quite amused,

but twenty-four hours later,
upon reflection and deeper

- contemplation, I found myself

amazed.

Jesus healed ten men of a
life threatening disease that
had not only banished them
from society but had also rav-
aged their bodies and no
doubt made them wince in
excruciating pain. Realising

that their skin was restored |

with their health, in their
haste and mad rush to return
to life and business as usual,
nine of the ten, or to put it
another way, ninety-percent
of them didn’t even say:
“Thanks you, Jesus.” My
point is a very simple‘ one, and
that is - thanklessness or
ingratitude is not at all a new
phenomenon.

Sometimes people can have
as much as a thousand ways
to say thanks; a smile, hand-
shake, or even a pat on the

back, but I have found that.

the most lasting way to say it,
so as to make the greatest

‘impression and impact is to
‘say it either by way of the spo-

ken or written word— “Thank
you”...
Suppose every ‘college

- graduate, business person

and ordinary everyday
Bahamian that, was able to
land himself a job in this

country were to return to the -

classroom to at least one
teacher that made a differ-
ence in his or her life and just
say a simple “Thank you.”
Oh, it won’t make a differ-

ence you may say, but I am

sure it will sprinkle their day
with the sugars of heaven and

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LETTERS

Oe esau taal ea

crystallise it with a sweetener
from the upper world — in
other words you’ll make their
day. The word “thanks,” is
never irrelevant and it is one
word that never goes out of
style.

In this light, as a customer
of BTC for a good number of
years now, I wish to express,
with deepest admiration, my
respect for the exceptional
work done for me and per-
haps by extension thousands
of customers in this country
by the outstanding employees
of BTC.

Don’t get me wrong; no one.

is saying that the organisation
is perfect, in fact, no organi-

' sation or human being is. But

the level of service delivered
by the staff especially what
I’ve encountered first hand
certainly makes me rate their
service so high on the scale of
one to ten that I must admit
the service delivery, and pro-
fessionalism makes me think
of it as the epitome of excel-
lence.

Mr Williams, I have ,been
so impressed by the service
delivered to me by a num-
ber of persons on your staff
over the years whether it was
in connection with technical
difficulties with my DSL,
water in my phone'line, or
having interrupted service

restored after a storm — I:

have come to a few coriclu-
sions.

Firstly, your staff is well

equipped and very well
trained, and this was especial-
ly true with the ones I’ve
encountered, as I found them

_ to be very dedicated individu-

als also. Not one of the per-
sons that I shall mention has a
clue that their name will
appear in this column, but I
want to do it, firstly, to thank

‘them publicly for a job well

done, and secondly, to let
them know that the world is
watching them.

God: knows that a few
names will slip my: memory,

but here are a few of the ones:

that have helped me
immensely. Mrs Lavern
Rolle-Bowe, (Credit-Admin)
what a kind, conscientious
and helpful woman she is?
When I first moved to my pre-

sent location a number of
years ago she worked assidu-
ously to get me set up and
made me feel as if she left no
stone unturned in her pursuit
to satisfy the customer. She
doesn’t have to wear a dia-
mond, but in my book she will
always be one.

Mr Hilbert Collie’s (super-
visor at Camperdown) assis-
tance is nothing short of
miraculous. Whenever I’m
having difficulties with my
phone-line (rare though they
may be), or if I feel that my
wait is unduly long after lodg-
ing a complaint, I must say
that this gentleman is as swift
as an eagle in bringing a run-

away complaint to a screech- .°.

ing halt. He doesn’t find
excuses; he finds competent
technicians, and for that I’m
indeed grateful. .

Ms Nekisha Simms (Pro:
ject-Mang) is a very dedicated
young lady. She competently
answers any questions or
queries that I may have

‘directed towards her and.

whatever questions she may
not have an immediate
answer for, she returns a call
after doing the necessary and,
need IJ add, thorough investi-

- gation. Keep up the fine work

Ms Simms.

Mr Hayden Blackman and
his colleague, Mr Sean Per-
pall, are highly proficient tech-
nicians that Mr Collie usually
sends to make repairs when-
ever a difficulty arises. These
gentlemen know their craft
and it doesn’t take them long
to run tests and get the prob-
lems resolved. Thank you, sirs.
You represent your Cotppra-
tion very well...

Mr Leon Williams, if it is
indeed true that this is the
greatest little country in the
world, then by necessity it
must also be true that the
above mentioned individu-
als are among the greatest
little people in our country.
Not only are they fine per-
formers in your organisa-
tion, but they are also fine
feathers in your huge ‘hat.
The thing that separates
your outstanding crew from
so many throughout’the
public service is simply this
— they don’t. merely serve
for a living they serve for
life.

CLINT SEYMOUR |.
Nassau
August 2006

NOTICE OF THE ANNUAL
GENERAL MEETING
To: All members of the Paradise Island Resort &

Casino Co-operative Credit Union (PIRCCCU)
Limited, #9 Village Road.

Notice.is hereby given that the Twenty-first
(21st) Annual General Meeting of the Paradise
Island Resort & Casino Co-operative Credit
Union Limited will be held at the Credit Union’s
premises, #9 Village Road, Nassau, Bahamas on

August 19th 2006 commencing at
9: ‘00 a.m.

For the fallowine purposes:

To receive the Report of the Board of Directors for 2005

To receive the Audited Accounts for 2005

To take action on such matters as may come before the meeting.
To elect members of the Board of Directors

THERE WILL NOT BE A SECOND MEETING
AS PER THE CO-OPERATIVE ACT 2005
SECTION 22

Linda Symonette

Secretary
August Ist 2006


THE TRIBUNE









acht
captain held
in gambling
probe

BH BERMUDA
Hamilton

THE captain of a luxury
yacht was in police custody in
this British Caribbean territo-
ry on Saturday after his arrest
on suspicion of breaching the
island’s anti-gaming laws,
according to Associated Press.

Police and customs officers
raided the 196-foot. Pana-
manian-registered vessel on
Friday while it was moored
off Bermuda’s coast. Author-
ities arrested the captain,
whose name and nationality
were not disclosed, and seized
numerous gaming machines,
computers and documents.

Llewellyn Peniston, attor-
ney for the ship’s owner,
Estrellas Management Ltd.,
told The Royal Gazette
newspaper that the captain
was arrested on suspicion of
bringing gaming machines
into the island’s territory, 602
miles from the United States
in the mid-Atlantic.

Bermuda lawmakers
banned gaming machines in
2001, arguing the coin-oper-
ated devices, which simulate
games of chance such as pok-
er or blackjack, were driving
some islanders into debt.
Machine operators can face
fines of US$250,000 and five
years in prison under the law,

which went into effect July: 4

2004.

Casinos with table games
are- banned in Bermuda, as
are gaming machines. How-
ever, certain betting activi-
ties, such as sports betting
pools, are permitted.

Peniston said the vessel
could legally get around
Bermuda’s gaming prohibi-
tion by operating some 12
miles offshore in interna-
tional waters.

iti |

EXTERMINATORS
Tas)
PHONE: 822-2157






i By MARK HUMES

: As the trend in selling,prime
land to foreigners continues to
‘grow in the Bahamas and the
‘Caribbean, fears of a major

social confrontation with natives |

‘is not a concern as the “ebb and
flow” in buying and selling prac-
tices tend to address those
issues, a leading realtor has
claimed. .

: In light of public outcry over
large parcels of land being sold
to foreigners for real estate
idevelopment, the rising cost of
land values throughout the
‘Bahamas, and the public row
‘between Discovery Land and
‘Abaconians, Mr Franklyn Wil-
ison went on record to clear up
misconceptions that a land row
issue which has become central
to Barbadian politics will have
yamifications here.

: In Barbados, it was reported
that a former senator predict-
ied that by 2010, Barbados will
‘be owned primarily by foreign-
ers and, as a result, one reli-
‘gious leader said: “Unless there
is'a change of policy, our coun-
‘try is heading for social dislo-
cation.”

: However, according to Mr
‘Wilson, one difference between
tthe Bahamas and Barbados is
‘that the Bahamas has more land
space. Therefore, any idea of a

‘social confrontation ove land -

is greatly reduced.

: “There is no question that
land values are escalating in a
‘lot of Caribbean countries that
are perceived as stable,” said
‘Mr Wilson. “When people are
‘talking about buying real estate,
‘they want a comfort level that
they are going to enjoy, with a

relative degree of protection.

‘against. government expropria-._

tion and political instability.” _.
He said there is a Catch-22

in all of these countries, saying
that without foreign: develop-
ers, the land is of very little val-
ue. :

. Mr Wilson said that, in the
1970s, he was one of those
young people who protested
against what he perceived to be
a “wholesale sell-out” or a “rap-
ing” of Bahamian lands. Now
some 30 years later, real estate
development is still a growing
business.

“T thought the world would
come to an end if we allowed it
to continue,” said Mr Wilson.
“The point is, the world has not
come to an end because there
are other compensating fac-
tors.”

Changes

‘Mr Wilson said that, as a real
estate developer, he expected
people to say he may be dealing
from a position of self-interest.
However, the Bahamas had
learned from the past 30-some-
thing years that peaks and val-
leys tended to address these
matters.

“In the 1970s, when the econ-
omy was ‘so hot’ and I was

. making the same arguments, I

remembered Mr Arthur
Foulkes telling me one thing:

‘Economic development is not a
force you can turn off and on at ,

your pleasure,’” said Mr Wil-
son.

The land crunch that Barba-
dos, the small island nation in
the southern Cartbbean, is now
feeling, however, has prompt-
ed the former senator and oth-
ers in the community to warn
government officials that “it is

.-in..our ‘interest-that we také
action to save our-country, fot
.. our children and our. children’s

children.”





MONDAY, AUGUST 14, 2006, PAGE 5

a

We examine concerns that too
much prime landis being
bought up by foreign investors



Sociologist Dr Ikael Tafari
agreed, saying: “There are no
statistics ‘on the distribution of
land to the black middle-
class,” creating a perception
that wealthy people owned
Barbados, land was being sold
out to foreigners in gated com-
munities, and inequitable dis-:
tribution of wealth was linked
to the lack of ownership of
land.

Both he and Sir Roy Trot-
man were joined by psycholo-
gist Marcus Lashley who urged
Barbadians ‘not to forget the
connection between land and

Weer nes

MONDAY,
AUGUST 14

6:30am Bahamas @ Sunrise - Live

























11:00 Immediate Response

12:00 | ZNS News Update (Live)

12:05 Immediate Response
cont'd.

1:00 Inside Hollywood

1:30 N-Contrast

2:00 Bullwinkle & His Friends

2:30 The Fun Farm

3:00 - David Pitts

3:30 — Bishop Neil Ellis

4:00 Dennis The Menace

4:30 Carmen San Diego

5:00 . ZNS News Update

5:05 The Envy Life

5:30 Andiamo

6:00 Gospel Grooves

6:25 Life Line

6:30 News Night 13 - Freeport

7:00 | Bahamas Tonight

8:00 You & Your Money

8:30 Island Life Destination

9:00 Legends: Dr. Tim
McCartney

10:00 Caribbean Newsline

10:30 - News Night 13

11:00. | Bahamas Tonight

11:30 . Immediate Response

NOTE: ZNS-TV 13 reserves the |
right to make last minute f
_ programme changes!

_1'30art“Comihunity Page T640AM |

A question of available space

identity, saying: “A sense of
who you are is tied up in land
ownership.”

Contacted at the Office of the
Prime Minister for comments
related to land distribution in
the Bahamas, Mr Tex Turn-

quest, projects co-ordinator for,

the Land Use Policy and
Administration Project, said he
passed all requests for informa-
tion concerning this and the cor-
relation between what is hap-
pening in Barbados to the
Bahamas to Mr Luther Smith
at Bahamas Information Ser-
vices.











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PAGE 6, MONDAY, AUGUST 14, 2006

ii aie (oot a oe eer ae



A catalyst to make global trade fair

@ By Sir Ronald Sanders

(The writer is a business exec-
utive and former Caribbean
Ambassador to the World Trade
Organisation who publishes
widely on Small States in the
global community).

HE Commonwealth is
a multinational organi-
sacion that is little known out-



side of its 53 member
States. Yet, it has the potential
to fill a big vacancy in today’s
world: the need for a catalyst
to restart the suspended global
trade negotiations with an
emphasis on development.
Negotiations at the World
Trade Organisation (WTO)
effectively collapsed on July
24th when six lead countries
failed to bridge major differ-
ences amongst themselves par-
ticularly over agricultural sub-



sidies. The six were: the United
States, the European Union
(EU), Japan, Brazil, Australia
and India.

Although trumpeted as a
“development” round since
November 2001 when the nego-
tiations began, the talks
amounted to nothing more than
manoeuvring for national com-
petitive advantage particularly
by the US and the EU, although
Brazil and India — the two
large developing countries in



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the mix — have not been shy
in advancing their own inter-
ests, often claiming concessions
that should rightly be accorded
only to poor developing coun-
tries or Small States.

It was not until last Novem-
ber, four years after the negoti-
ations started, that a commit-
ment was given to provide poor
countries with duty-free and
quota free access for their cru-
cial exports. Of course, this
commitment is an empty one at
the present time, since, in the
absence of a settled agreement,

’ nothing is being implemented.

What the WTO negotiations
needs is a wide measure of

agreement amongst a large

number of countries on a blue
print for re-starting the talks
and taking them to
conclusion. The blue print
should arise from a study by
trade experts that focuses on
opening markets globally while
providing for the development
needs of poor countries and
small states. In particular, the
study should examine how
developing countries can min-
imise transaction costs and
lessen the impact on their busi-
ness sectors through the pacing
and sequencing of liberalisa-
tion.

The study should also take
full account of the difficulties
that now exist for the US and

the EU on agricultural subsi-

dies and propose practical ways
of dealing with them.

The Commonwealth is in a
unique position to fill the vacan-
cy for a catalyst that could make
the WTO negotiations mean-
ingful for all nations, in partic-
ular, poor countries and small
States. ,

With 53 countries account-
ing for 30 per cent of the world’s
population and some 20 per
cent of its international trade
and investment, Common-
wealth trade is well over $2 tril-

lion. Commonwealth members >

include some of the world’s
richest nations such as Britain
and Canada; some of the poor-
est such as. Bangladesh and
Guyana; some of the larger
developing countries — India,
South Africa and Nigeria
among them; some of the South
East Asian “tigers” such as Sin-
gapore and Malaysia; and many
small island states like those in
the Caribbean and the Pacific.

Further, the Heads of Gov-
ernment of these countries have
long acknowledged that “the
Commonwealth can play a
dynamic role in promoting
trade and investment so as to
enhance prosperity, accelerate
economic growth and develop-
ment and advance the eradica-
tion of poverty in the twenty-
first century”. They said so

when they met in the United |

_
HIGH ROOF






“ ~~

SHIFT_the future ins



@ SIR Ronald Sanders

Kingdom in 1997.

And, when they last con-
vened in Malta in November
last year, they pledged their
“global influence” to achieve
progress in the WTO talks:

Members of the Common-



The Common-
wealth is ina
unique position
to fill the vacancy
for a catalyst that
could make the
WTO negotia-
tions meaningful
for all nations, in
particular, poor
countries and
small States.



wealth are also members of the
EU, the African Caribbean. and
Pacific Group, the Organisation
for Economic Cooperation and

’ Development, the Association

of South East Asian Nations,
and the Organisation of Amer-
ican States to name a few.

Their influence, if exercised
by their member States, is
indeed “global”, and consensus
by them that is advanced vig-
orously in the other geographi-
cal and political groups to which
they belong stands a real chance
of getting a positive hearing.

A former Commonwealth
Secretary-General, Sir Shridath
Ramphal, famously said: “The
Commonwealth cannot negoti-
ate for the world, but it can help
the world to negotiate”.

What has been missing so far
in the WTO negotiations since
2001 is consensus. The talks
have been characterised by mis-
trust and:suspicion, aggravated
by the way in which they have
been conducted with only a
small number of powerful coun-
tries meeting behind closed
doors to hammer out deals in
their national interest that they
then try to convince others to
accept.

If consensus can be achieved
by the 53 Commonwealth coun-
tries, it would be enormously
beneficial to the building of con-
sensus in the WTO.

There are several precedents
for the Commonwealth to take
action now that global trade

with this ad get’

LL

MP





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THE TRIBUNE

Â¥

Se ERA

talks have stalled at the»
WTO. When apartheid gripped “ i
South Africa and the major.
nations of the world were divid-.
ed on how to tackle the issue,;,
the Commonwealth played a*,
major role in uniting the world’s, 1
governments behind a strategya!
that eventually saw apartheid",
crumble; when debt crippled,” 4
development in many states,

throughout the world and.

crushed millions of people in*,
deep suffering, the Common-:!
wealth helped to devise a glob-|
al strategy for debt relief. a

Further, expert reports com-;!!
missioned by the Common-~,
wealth on a range of issues*
including the vulnerability of”
small states, democracy and
development have informed the
policies and work of govern-;
ments as well as international:
institutions such as the World.
Bank and the International
Monetary Fund.

In this context, an initiative
by the Commonwealth to pro-
duce a blueprint for moving for-
ward the present stalled inter-
national trade negotiations
should be welcomed and sup-
ported by all, especially the
WTO Secretariat. j

Such an initiative, however, ;s
requires the active participation
of trade ministers from coun-
tries such as Canada, India,
Australia and South,
Africa. One ofthese four — or,
indeed all of them — should;
take on the mantle of leader-,
ship on this issue and give the +
Commonwealth Secretariat the,
mandate to organise an expert-,
study followed by a Common-,;
wealth Trade Ministers meet-
ing to develop the required con-.,
sensus.

The experts to produce thes ,
study exist throughout the ,
Commonwealth. From. the,,
Caribbean, for instance, the,
Regional Negotiating Machin- ,

q

re






An initiative by ©
the Common- .
wealth to pro- —-
duce a blueprint “i
for moving for-'
ward the present »
stalled interna-
tional trade nego-
tiations should

be welcomed and |

supported by all ~



ery (RNM) can make 43, anc
ingful contribution to a... ‘e,;
print for action in which i:
development dimension. is,;
prominent. y
And, has occurred with pre-
vious studies, there is every rea-
son why the WTO Secretariat,
the World Bank and the IMF'
should provide both financial,
and human resources to help!
produce such a study. }
A catalyst is required now;
to help shape a new approach to!
the suspended WTO negotia-:

- tions talks. Delivery of a devel-;

opment dividend should be cen-,
tral to their objectives for, as!
the current Commonwealth!
Secretary-General, Don McK-,
innon, has observed: “800 mil-'
lion Commonwealth citizens,
subsisting on less that $1 each
day would countenance noth-
ing less”.

Responses to: ronald-'
sanders29@hotmail.com















/

\s
IME IMIDUINE





Official’s claim on
Our Lucaya talks

l§ By DENISE MAYCOCK
Tribune Freeport Reporter

FREEPORT - A Freeport
union official claims that man-
agement at Our Lucaya refuses
to enter dialogue with union
officials at Workers House in
Freeport regarding lay-offs and
other matters pertaining to
workers at the Grand Bahama
resort.

Lionel Morley, second vice-
president of the Bahamas
Hotel, Catering and Allied
Workers Union, said union offi-
cials in Freeport are not con-
sulted and have not received
any communication from man-
agement since the elections in
May.

“We have been trying since
the election to create some lev-
el of openness and transparency
with management at Our
Lucaya, but they continue to
write to Nassau. when our office
is here,” Mr Morley said.

He stated that union officials
in Freeport were never consult-
ed by management regarding
the recent lay-offs of 14 hotel
workers at the resort.
'" Last Friday, management at
Our Lucaya announced that
the jobs of 14 supervisory
workers in the stewarding
department were being made
redundant.

Before communicating the
decision to workers, the resort
notified the general secretary
of the Bahamas Hotel, Cater-
ing and Allied Workers Union,

in accordance with the terms of '

the industrial agreement with
the union. ;
_Mr Morley claims that super-




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visors in the stewarding depart-
ment were laid off because they
are union members.

Over the past several weeks,
union officials in Freeport have

._ been very vocal and critical of

dismissals and treatment of
workers at the resort.

Mr Morley claims that since
the industrial agreement had
expired management had been
dismissing workers for “frivo-
lous reasons.”

“Management has taken the
position of judge, jury and exe-

cutioner where they feel they

are within their rights to do as
they wish,” he said.

Meeting

“On Friday, our members
were invited to a meeting,
namely the shop stewards
supervisors who have been
working since the hotel opened,
and were told that their jobs
have been made redundant due
to a number of things.”

Mr Morley stated that,
although the collective bar-
gaining agreement had expired,
the union an management must
act within confinement of the
agreement until there is a new
agreement in place.

He explained that the indus-
trial agreement says where
there is more than five per cent
in a‘'department where there is a
definite closure or permanent
closure, management can do
certain things, not excluding the
‘union from being a part of the
communication and consulta-
tion process.

Mr Morley said management



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continues to deal with the Nas-
sau office on matters affecting
union members in Freeport.
“One can almost draw the
conclusion that they are not
happy with Team Justice win-
ning the elections. Since then,
we believe there has been an
all-out witchhunt to send a mes-
sage to the members by writing
them up for any frivolous rea-

sons,” he said.

Mr Morley also claims that
the prime minister has been
misinformed regarding recent
dismissals at the resort.

Addressing the issue of the
lay-offs mentioned by MP Ken-
neth Russell in parliament, the
prime minister told MPs that
he had been advised that the
lay-offs were necessary because
of the low occupancy level at
the resort.

He had also noted that the
company had resorted to send-
ing some of its supervisory
employees to some of its other
properties in North America for
a few months to ensure they
remain employed.

Mr Morley said employees
are sent off as part of an ongo-
ing training programme with
Starwood Resort and not to
preserve the jobs for Bahamian
workers.

Mr Morley said the union had
written to the minister of labour
expressing its concerns about
the anti-union practices by man-
agement. Yo

“They have certainly been
misinforming the prime minister
who has been advised without
proper communication and con-
sultation with us and hearing
both sides,” he said.




Public step forward for

DNA sampling exercise

DETECTIVES at the Royal Bahamas Police
Forensic Science Section are conducting a DNA
sampling exercise on Grand Bahama for the
establishment of a DNA database in the
Bahamas. A police officer is seen here giving a

mouth swab sample at Winn Dixie in Freepori.

People are being urged to participate in th
exercise, which is also being held at Winn ‘Dixie ii
Eight Mile Rock between 9am and Spm.

(Photo: Derek Carrol:



“Celebration of £ ife” P=

Services for

Allan 9. Winner



A ‘Celebration of Life’ service will be held for Property Developer
Allan J. Winner, at 5 p.m., Saturday, Aug. 19 at St. Andrew’s Pres-
byterian Kirk, Nassau, Bahamas, with Pastor Terry A. Purvis-
Smith officiating. =

Family and friends from many nations attended funeral services
for Mr. Winner, of “Las Cabrillas,” West Bay St., July 20, at Barham
Crematorium in Kent, England. — _.

Born Jan. 17, 1938, in Sydney, Australia, Allan died suddenly in his
sleep July 12 at the family home in Barham, Kent. He is survived
by his wife, Penny; Sons Dale, Jamie and Harry; Daughter Zoe; his
mother, Elsie and his sister, Kaye, both of Sydney, Australia; grand-
children Isabelle and Charlie; and a host of friends and extended
family in Nassau and away.
Living most of his life in Nassau, Bahamas, Allan was a noted
sportsman, host and Realtor. He made affordable housing avail-
able to thousands of Bahamians by creating: Nassau East, Nassau
East North, Monastery Park, Eastwood and Blue Water Cay in
Nassau; Tamarind in Freeport and Knowles Hill, Rock Sound. He
will be remembered for his hospitality; generosity to all; energy;
sportsmanship in tennis, squash, darts and golf; passion for life
and positive outlook: ‘Strong as a Lion!’ S

In lieu of flowers, donations may be sent to Abilities Untlunited, thie
Bahamas Heart Association or Bahamas Air Sea Rescue Associatioi1.






























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PAGE 8, MONDAY, AUGUST 14, 2006

LOCAL NEWS.

THE TRIBUNE



Doctors complete
season of research
on green turtles

DOCTORS Karen Bjorndal
and Alan Bolten of the Archie
Carr Centre for Sea Turtle
Research at the University of
Florida have completed a suc-
cessful research season at the
Union Creek Reserve in
Inagua.

Union Creek has.been the
site of a long-term study of
immature green turtles who live
and forage in the protected tidal
creek until they are about 10 to
12 years old.

The information gained from
this study has allowed Drs
Bjorndal and Bolten to gener-
ate estimates of survival proba-
bilities for green sea turtles.
These estimates have assisted
in improving models of popu-

‘ lation dynamics and plans for

the management and conserva-
tion of these endangered and
threatened species.

Green and Hawksbill Turtles
are. captured, measured,
weighed and tagged and then
returned to the protected waters
of Union Creek. Once the tur-
tles mature they leave the creek
and, if captured or seen, the
information on the tags is sent
to the Archie Carr Centre for
Sea Turtle Research, where it is
recorded and assists in the study
of the ecology and demography
of these foraging populations.

According to Dr Bjorndal,
the research season was a great
success with 66 turtles being
captured, tagged and returned
to Union Creek.

“We are fortunate that Union
Creek is protected in the
Bahamas National Park system
providing an ideal area for our
research. The support of BNT'
Wardens Henry Nixon and
Randolph Burrows and before
them Sammy and Jimmy Nixon
contributes greatly to our suc-
cess-as they understand our
work and have become skilled
at catching the turtles and assist-







@ DR Alan Bolten and Warden Randolph Burrows discuss the
best technique for tagging Hawksbill turtles



TARA BURROWS assists Drs Bolten and Bjorndal in weigh-
ing one of the captured Hawksbill Turtles

ing in the weighing and tagging
exercises,” she said.

_Union Creek is seven square
miles of enclosed tidal creek on
Great Inagua which was first

established as a part of The
Bahamas National Park system in
1965. It is one of 25 national parks
and protected areas managed by

- the Bahamas National Trust.

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lA RR eS RAST LEAL EE EIR OE

Up to four Sandilands



wards house ‘abandoned’
rehabilitation patients

@ By MARK HUMES

BECAUSE of the stigma
attached to mental illness, care-
' givers at Sandilands Rehabilita-
. tion Centre find themselves car-
ing for up to four wards of reha-

' bilitated patients who have been
“abandoned” by family members.

This startling disclosure came

, during the second of a series of

i forums held by the facility as it

‘ bids to develop a long-term part-

' nership with media houses to dis-

seminate facts about mental

. health and illness.
Addressing the forum, Betsey
' Duvalier, public relations man-
, ager for Sandilands, said that part
' of rehabilitation is reintegration.
' However, she noted that the fam-
| ily’ s lack of knowledge about
; mental health and illness and how
«to deal with it leaves many of
‘their “clients” as wards of the
“state. :
« “We need persons to under-
stand that once you bring some-
one here,” said Ms Duvalier, ‘
“want the families or the signifi.
cant other to become intimately
involved in the treatment process
.so that, at the end of the in-
, patient rehabilitation stage, you
can feel comfortable accepting
‘this person back into your house,
' on your job, into your communi-
_ ty, because now you understand
_ the illness, the treatment and the
importance, of follow-up care.”
*. Ms Duvalier said that because
i family members are not involved
, in the process, they have a diffi-
seult time actually discharging
* patients back into society, and in
"many instances, staff and faculty

end up being the only-“family”-

cat the burial of patients who ie in

; Sandilands.
. “Many do not think that it will
"come to their homes, but if you
i get knowledge about it now, it
‘ will make it less frustrating if it
does happen,” Ms Duvalier said.
The coming months, leading to
Sandilands Month in November,

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“We want the families or the
significant other to become
intimately involved in the
treatment process so that, at the
end of the in-patient rehabilitation
stage, you can feel comfortable
accepting this person back into
your house, on your job, into
your community, because now
you understand the illness,
the treatment and the importance

of follow-up care.”



Betsey Duvalier, public relations

will see the mental health facility
teaming with radio, television,
and the print media to produce’a
series of educational and infor-
mative public service announce-
ments aimed at dispelling some
‘of-the myths about Sandilands
and its clientele and promoting
family involvement in the reha-
bilitation process.

“We want people to under-
stand that mental illness is like
any other physical illness, just like
diabetes. It can be treated. It will
not be cured, but it.can be con-
trolled,” said Ms Duvalier.

Senior nursing officer Betty
Fox Frazer made the observation
that, whereas there is a need for
‘more housing at Sandilands, their
goal at the facility, through edu-
cation, is to begin helping patients
and their families outside of the
facility, which in turn would cut
down on a need for more space.

Last month, Dr Glen Beneby,

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manager for Sandilands

medical adviser to the Public
Health Authority, said citizens of
the Bahamas must share respon-
sibility for the mentally ill.

He, too, like Ms Duvalier,
pointed to the need for family
members to take a more active
role'in the rehabilitative process
for loved ones struck with any
form of mental illness, whether
it be depression, anorexia, bulim-
ia or schizophrenia.

“A lot of these people have
family members,” Dr Beneby
said.

“But because of the lack of
knowledge of how to deal with
family members who are not well,
families get intolerant and critical,
causing fractures in the relation-
ship between the person who is
mentally ill and the other family
members. This problem could, in
many instances, lead to a relapse
of mental illness in the affected
person.”



Your

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MONDAY, AUGUST 14, 2006, PAGE 9

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PAGE 10, MONDAY, AUGUST 14, 2006

THE TRIBUNE

‘LOCAL NEWS



Students get back to nature
with Bahamas National Trust

THE Bahamas National Trust
(BNT) education office assisted
the Royal Bahamas Police Force

and St Andrew’s Kirk by provid- '

ing educational presentations for

their summer programmes.

The police force organises sum-
mer programmes each year for
young people between six and 16.

This year students taking part

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in programmes organised by the
Fox Hill, Wulff Road and
‘Carmichael Road police stations
received presentations on sea tur-
tles in the Bahamas and then
toured‘The Retreat Garden.

St Andrew’s Presbyterian Kirk
organises a camp for “boys only”
in Bain Town and Grants Town.

Participants in this camp toured
The Retreat and saw a presenta-
tion on “Ten Simple Ways You
Can Help the Environment.”

Students receiving the sea tur-
tle presentation were able to
examine a specimen of a Hawks-
bill Turtle up close and examine
the beautiful shell, which was the
major reason for their capture
and cause for the decline in their
populations.

“We enjoyed being invited to
participate in these summer pro-
grammes and were delighted to
have the opportunity to introduce
these young people to the sea tur-
tles that live and breed in our
Bahamian waters and to provide
ideas and information on how
young people can help to protect
the .environment of the
Bahamas,” said Lynn Gape,
director of education and com-
munications.

The Trust’s educational pro-
grammes are supported by a
grant from the Royal Bank of
Canada.



@ PARTICIPANTS were able to examine a specimen of |
a Hawksbill Turtle at the end of the Sea Turtle presentation





HB YOUNG people from St Andrew’s Kirk Summer Camp enjoy
touring The Retreat Garden on Village Road —

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THE TRIBUNE



l§ By MARK HUMES



RESPONDING to educa-
tional needs of local
Mayaguanans, Minister of
Works Bradley Roberts,
along with Education Min-
ister Alfred Sears, signed a
contract for the construction
of a home economics labo-
ratory at Abraham’s Bay
High School in Mayaguana.

With government’s recent
approval of the I-Group’s
multi-million dollar anchor
development for Mayagua-
na, Mr Roberts said it was
of paramount importance to
equip youngsters with nec-
essary skills to enable them
to embrace the economic
opportunities earmarked for
their island.

“And to do this,” said Mr
Roberts, “we felt that the
construction of a home eco-
nomics laboratory at the
high school in Abraham’s
Bay as part of this year’s









|2006 FORD ECOSPORT

LOCAL NEWS





@ MINISTER of Works Bradley Roberts (left)
and Minister of Education Alfred Sears

annual school and extension
programme was a must at
this time.”

The scope of the proposed
project calls for the con-
struction of a 3,281 sq ft
building where students will
be taught food preparation,
nutrition, planning, and ser-
vice skills necessary for pro-

Christie & Shirley, opposite Doctor's Hospital

Tel: 326-8777

a Stas UM Sole Stay Dec Dy / On -

ity

viding first-class service to
visitors coming to the
Bahamas’ most easterly
island.

In addition to the new
home economics lab, Mr
Roberts outlined plans for
a front desk reception area,
with fully-equipped work

stations, fully-furnished.





2006 FORD ESCAPE

act OCLs

2006 FORD EVEREST

bathrooms, a kitchen and
laundry facilities where stu-
dents will be taught basic
housekeeping classes.

For the construction of
the new extensions at Abra-
ham’s Bay High School, T
and B Construction Compa-
ny has been contracted, with
the government expecting to
















MONDAY, AUGUST 14, 2006, PAGE 11

Govt ministers sign contract for school lal

spend a little over $518,000
when the project is com-
pleted.

According to Mr Roberts,
T and B Construction has
assured the government that
the work should be com-
pleted within 24 weeks of
the project’s start.

This new educational




















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building project is just one
in a series of major pro-
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announced in recent
months, with the construc-

tion of the new T G Glover

Junior High School being
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PAGE 12, MONDAY, AUGUST 14, 2006



CARIBBEAN NEWS

warns on birthday that

THE TRIBUNE

he faces cue recovery after surgery

m CUBA
Havana

.FIDEL Castro sent Cubans
a sober greeting on his 80th
birthday Sunday, saying he
faces a long recovery from
surgery and warning they
should prepare for “adverse
news.” But he encouraged them

Bey aN)

YOUR CONNECTIO

to be optimistic, saying Cuba
“will continue marching on per-
fectly well”, according to Asso-
ciated Press

As a newspaper printed the
first pictures of Castro since his
illness, his younger brother,
Raul — making his debut
appearance as Cuba’s acting
president — publicly greeted



TENDER

Venezuelan President Hugo
Chavez on his arrival to cele-
brate Fidel’s birthday.

Castro, who underwent
surgery for an unspecified
intestinal ailment that forced
him to step aside as president
two weeks ago, said his health
had improved, but he still faces
risks.

FO THE WORLD

VEHICLE & EQUIPMENT

The Bahamas Telecommunications Company Ltd. is pleased to invite qualified
companies to apply for tender for New Vehicle ‘and Equipment.

Interested companies can pick up a specification document from BTC’s
Administration Building, John F. Kennedy Drive and The Mall Drive Freeport,
Grand Bahama August 9 to August 23, 2006 between the hours of 9:00am
to 5:00pm Monday to Friday.

Tender should be sealed in an envelope marked “VEHICLE & EQUIPMENT
TENDER” and delivered to the attention of:-

Mr. Leon Williams

Acting President & CEO

The Bahamas Telecommunications Company Ltd.

P.O. Box N-3048
Nassau, Bahamas

Bids should reach the company’s administration office on John F. Kennedy
Drive by 4:00pm Wednesday August 23rd, 2006.

Companies submitting bids are invited to attend the bid opening on Thursday,
August 24th, 2006 at 10:00am at BTC’s Perpall Tract location.



BTC reserves the right to reject any or all tenders.

.

“To affirm that the recovery
period will take a short time
and that there is no risk would
be absolutely incorrect,” said
the statement in the Commu-
nist Youth newspaper, Juven-
tud Rebelde. “I ask you all to be
optimistic, and at the same time

to be ready to face any adverse

news.”

The Communist Party’s news-
paper, Granma, had offered a
rosier picture of Castro’s con-
dition Saturday, saying he was
walking and talking again, and
even working a bit. It compared
him to a resistant tropical hard-
wood tree found in eastern
Cuba, where he was born.

Juventud Rebelde also pub-
lished four photographs of Cas-
tro, giving the first view of the
leader since July 26, when he
gave two speeches in eastern
Cuba. He looks a bit tired, but
sits up straight, his eyes alert.

Wearing a red and white Adi-
das warm-up suit, Castro poses
in a close-up shot with his fist
under his chin and talks on a
telephone in two pictures.

The fourth photograph shows
him in a chair sitting in front of

~a bed with a white spread in

what appears to be.a home. He
holds up a special supplement
of Granma, the Communist
Party newspaper, published Sat-
urday as an homage to him.
The photos were credited to
Estudios Revolucion, a: division
of Castro’s personal support
group that collects historic docu-
ments and images. There was no

_ reason to doubt they were real.

Although Castro’s assessment
of his own condition was tem-
pered, many Cubans inter-
viewed seemed joyful to receive
proof that he was alive and get-

_ ting around. The normally exu-

berant Cuban people have been
somewhat subdued since Cas-
tro announced his illness, with
some privately expressing fears
for the nation’s future.

“What happiness I received!”
exulted an elderly Margot
Gomez after seeing the news-
paper during a morning walk in
Havana. “Long live Fidel and

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long live the revolution! He
knows what to do to convert
setbacks into victories!”

“He’s alive, he’s recovering,”
taxi driver Fernando Lopez said
happily when he learned of Cas-
tro’s statements and photographs.

Celebration

Dozens of children in an Old
Havana neighborhood cele-
brated Castro’s birthday with a
blindfolded boxing match and
other games, as well as with a
cake that read “Always With
You Fidel.” The boys and girls
cheered and shouted “Long live
Fidel!” after singing “Happy

Birthday” for the Cuban leader. -

Wearing his typical. olive
green uniform, Raul Castro, the
defense minister serving as pro-
visional president during his
brother’s recovery, saluted and
hugged Chavez when the
Venezuelan leader arrived at
midday for a meeting with the
elder Castro, his friend and ally
in opposing US policies and
influence.

The state television broadcast

of the encounter was the first

time the younger Castro had

. been seen publicly since becom-.

ing interim president July 31.
Neither man commented dur-

ing the broadcast, but Chavez
had said he would visit Fidel
Castro on his birthday. “Ill take
him a nice gift, a good cake, and
we'll be celebrating the 80 years
of this great figure of America
and our history,” Chavez said

. Saturday.

Just outside the capital, the
government’s minister for the
sugar industry, Gen. Ulises Ros-
ales del Toro, reiterated his sup-
port for the Castro brothers.

“After Fidel, Raul is the man
who is in the best condition to

‘direct the destinies of this

nation, either at Fidel’s side or
when'he is no longer here,”
Rosales del Toro told reporters.

The sugar minister was direct-
ing a crew of Foreign Ministry
officials working in the fields to
show their support for Castro
on his birthday.

In his statement, Castro said:
“T feel very happy. For all,those
who care about my health, I
promise to fight for it.”

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THE TRIBUNE



FROM page two

nationality and positions held.’
We submitted this list to both
the Minister and the Immigra-
tion Department on August 8.
“Immigration also informed

us in that letter that Mr Marquis’
permit had been ‘considered by
the Immigration Board, but was
deferred to ensure what efforts
have been made to Bahamianise
the position,’” the publisher said.
Mrs Carron said she inter-
preted this to mean that Immi-
gration was still waiting for a
report from an interview the
Minister had instructed the
Labour Department to have with
Mr Marquis and his replacement
at The Tribune office. The
Labour Department has yet to
arrange a date for this interview.
Mrs Carron said she learned
of the Minister’s instructions to
the Labour Department in
March — “quite by accident.”

‘This was four months before she

received the Immigration letter
of July 18.

Form

To complete Mr Marquis’
application forms for the Immi-
gration Department, The Tri-
bune had to get a Notification of
Vacancy Form from the Labour
Department. It is a printed form
that informs the applicant
whether it has on its register a
Bahamian to fill the position
requested — in. this case the

‘managing editor of The Tribune.

To obtain this form the appli-
cant has to list the qualifications
he or she requires for the job.
The Tribune did all of this.

“T submitted this form to
Labour in January,” said Mrs
Carron. “Six weeks later I tele-.
phoned the Labour Department

~ to find out whether the form was

atte Re

FR TS SW i

ORT oe we ee EE eo

Le eee oe

ready for collection. After being
turned around, I eventually got
someone on the phone who
informed me that Minister Gib-
son had difficulty with the appli-
cation, but the person could not
tell me what that difficulty was.

“Eventually I got through to
someone who said she had to
confer with the Director of
Labour before she could tell me
what the problem was.

“Finally, on March 8, I was
told that Mr Gibson wanted an
inspector from the Labour
Department to come to The Tri-
bune to interview Mr Marquis
and his replacement. If I had not
made this telephone call,” said
Mrs Carron, “I don’t know when

I would have learned of the Min-

ister’s instructions.”

“At the time,” she said, “I was
leaving the island for a few days.
The meeting was to be held on
my return. It then transpired that

the Labour Director, who I.

understood was to do the inter-
view, was leaving for a confer-
ence in Geneva. He told me that
he would arrange a meeting as
soon as he returned. J have heard
no more. When I phoned his
office last week, I was told that
he was on vacation and would
not be ‘in office’ until Septem-
ber.”

Mrs Carron said she still does
not know what Minister Gibson
wants. “Does he want me to
meet with him, or is proof of The
Tribune’s Bahamianisation
efforts to await the Labour
inspection?”

Mr Gibson, in:the House on
Wednesday compared, what he
called The Tribune’s non-com-
pliance with Immigration rules,
to those persons who illegally
squat on land. .

“We cannot develop a lawless
society,” he said, “just like how
we have persons squatting on

. land and then wanting it because

. until the end

MONDAY, AUGUST 14, 2006, PAGE 13

LOCAL NEWS

Tribune publisher denies
Immigration Department
requested details over
managing editor position

they got it illegally. I believe, Mr
Speaker, that once policies and
law are in place then we have to
follow them. I really don’t want
to debate, because on this issue
with The Tribune, because I real-
ly don’t want to debate these
things to the public. But unfor-
tunately they brought it to light,
where they are claiming that
somebody wants to victimize
somebody they employ. .

“Mr Speaker, I’m just going
to say this and leave it at that.
There is policy in place where if
somebody applies for a work
permit we.will only grant it under
two conditions: One, a company
cannot finda Bahamian to filla
post. Two, if the owner says ‘I
need an owner’s representative
permit’.

Permit

“Then in cases where people
apply for a permit, where
Bahamians do not qualify, we
give the permit and ask them to
identify an understudy. Now the

only thing I am guilty of, Mr

Speaker, is none of my col-
leagues never spoke to me about

any work permit for Mr Marquis. °

Nobody spoke to me.’

Mrs Carron said she agreed
with Mr Gibson that the
Bahamas cannot tolerate a law-
less society. “But to obey the
law,” she said, “government must

make it clear what the law is. For .

example, this is.the first time that
I have ever heard of an ‘owner’s
representative permit.’

“This is also,” said Mrs Car-
ron, “the first time under the
Christie administration that we
have had any problems with any
of our work permits. Obviously,
Mr Gibson has decided to run
his department differently.

“We have no. problem with
this, but no-one can comply with

rules they know nothing about.” ’

The se requires that eens and Tasiieseas provide -
the following information:

Number of Employees
Wages and Salaries
Annual Hours Worked
Revenues erate! Expenditures
Depreciation and Acquisitions

DEPARTMENT OF STATISTICS
Clarence Bain Bullcirng

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such as fire safety, light search and rescue, team organization, and

disaster medical operations. Using the training learned in the
§ classroom and during exercises, CERT members can assist others
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PAGE 14, MONDAY, AUGUST 14, 2006

Jenene caer

PUBLIC NOTICE

‘he Bahamas Telecommunication Company Ltd(BTC)
wishes to inform the general public that beginning
August 14th, through August 18th, 2006, enumerators
will be conducting surveys throughout the entire Island
of New Providence. These surveys will used to assist
‘with providing Products and Services that meet the
demands of our customers. BTC asks for the public’s

of cooperation during this phase, as we keep
“You Connected To The World”.
For further information please contact BTC’s
Marketing & Public Relations Department at

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FROM page one

with surgically correctable eye
disorders who lack the funds
to seek private physician care.

It was reported last week
by Dr Albert Lue - head of
the ophthalmology depart-
ment at Kingston Public Hos-
pital in Jamaica - that, after
the revision of 200 Jamaican
patients operated on by
Cuban doctors, 49 had been
found suffering from compli-
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These included secondary
glaucoma, cloudiness to the
cornea, iris damage and poor
stitching.

This was contrary to initial
reports by Dr Lue that, out
of 60 patients who were seen,
17 were found suffering from
post-operation complications. :

This newest development,
according to one local eye-
care professional, “confirms”
that shoddy procedures are
being practised on patients.

“There have been some
people that came back from
Cuba to Nassau totally
messed up from these surgical
procedures,” he said. “But the
problem is that the public

never get to hear about

them.”
He feels blame should lie
with the Ministry of Health

_for not sending an official to

Cuba to check the standard
of care being offered for not

- only cataract, but also plastic .

and orthopaedic procedures.

He said Cuban doctors
were given a licence to screen
patients for surgery and went
all over the Family Islands,
Sandilands and the geriatrics
departments to find those
who needed surgery, while
Castro paid for the patients
and for somebody to accom-
pany them.

He indicated that the exact
number of reported compli-
cations cannot be determined
because Cuban doctors are
following up their own
patients, and for this reason
Bahamian doctors will not
know the true complications

THE TRIBUNE



rate.

“Normally, before patients
get surgery, they are assessed.
for various health problems
because otherwise you run
into complications,” he said.
“This is not being done by
these Cuban doctors, and
most of the time we find they
weren’t candidates in the first
place for the surgery or had
other medical conditions that
obstructed going ahead with
the procedures.”

He revealed that most oph-

' thalmologists in Nassau aren’t

seeing the patients with com-
plications operated in Cuba.
Instead, they are sending
them back to Cuban doctors
to look.at the post-operation
cases, he says.

After examining case notes

. of patients lined up for

cataract operations in Cuba,
he said it was discovered that
patients receiving cataract
operations did not really need
them, and had not been
examined for other associated
problems.

“People can’t accuse-us by
saying that because the
Cubans came and found these
cases, we weren’t doing our
job,” he said. “The ministry
of health never established a
programme for ophthalmol-
ogists to go into the commu-
nities and screen patients for
eye disease.

“It’s the role of the public
health department to find the
disease and give access to
patients to get care for it. It’s
not the role of the providers

to get the care.”

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THE TRIBUNE



Pre-clearance
opens alter
computer glitch

FROM page one

Although Bahamians nor-
mally need visas for such
travelling, US officials said
this requirement was waived
to ensure Bahamians were
not affected by the shut-
down.

Speaking to The Tribune
yesterday, the political and
economic officer at the US
Embassy, Gregory Floyd,
explained what happened.

“We were down Friday
only, but back up and run-
ning for the opening of busi-
ness on Saturday. Apparent-
ly there were problems with
the fibre-optic cable that
allows communication for
the computer networks.

“That fibre-optic cable
runs from Florida to Grand
Cayman, and impacted a
number of other airports, not
only the Bahamas.”

Although the problem first
occurred right after the pow-
er supply at the airport was
interrupted, Mr Floyd said
they do not believe the dis-

_ ruption was terror or pow-

er-grid related.

“This was in no way relat-
ed to the planned terror
attacks in the news. It was a
short-term computer glitch
and our Customs folks
worked very hard to.make
sure there was minimum
inconvenience to passengers,
including the waiver of visa
requirements for Bahamian
travellers,” he said.

Non-shift staff
reportedly
directed not
to work over
the weekend
FROM page one

return to their duties. In spite»

of that‘referral‘and the
injunction, the BEWU has
reportedly directed that non-
shift workers are not to carry
out any work until Monday
(today),” said a corporation
press release.
BEC encouraged its staff
to “abide by the law”, as out-
lined by the Industrial Tri-
bunal, warming them “there

are penalties for failing to

observe these laws.”
“Therefore, BEC staff is
advised and encouraged to
carry out their duties in the
normal manner. BEC man-
agement would also like to
take this opportunity to

thank those diligent mem-

bers.of our staff who have
carried out their duties in
spite of these trying circum-
stances and who have
worked to continue to supply
our customers with the ser-
vice that BEC is mandated
to provide,” the release read.

The corporation also apol-

ogised to its customers for
the disruption to service
caused by the actions taken
thus far by the BEWU.

Calls to BEWU president
Dennis Williams and BEC
general manager Kevin Bas-
den for further comment
were not returned up to
press time last night.

Victim
FROM page one

Sunday. The young man was

reportedly jumped on by a

group of men who beat him
severely.

“As a result of the attack
he was taken to. hospital and
treated for stab wounds,” Mr
Evans said. “He was initially
listed in serious condition,
but his condition has since
stabilised.”

© Police are investigating a
fire that broke out on Satur-
day night at the Topshotters
Sports Bar in the Summer-
winds Plaza, Robinson Road.

Press liaison officer Walter
Evans said two fire trucks
were dispatched to the scene
around 9.30pm.

“The fire went throughout
the building,” Mr Evans said.
“Two storage rooms were
extensively damaged.” A
number of patrons were
reportedly inside the build-
ing, but escaped uninjured.

“The cause of the fire is
being investigated. We have
no cause at this point, but
we do not suspect arson.”










‘FROM page one

standards and protections to be
put in place at the Florida end
of the proposed pipeline will
not be included at the
Bahamas’ end.

“The FNM calls upon the
government to come clean and
to advise the Bahamian peo-
ple of the exact terms and con-
ditions of any approvals grant-
ed or anticipated for the AES
project. Bahamians deserve to
know how the government is
looking or failing to look after
their interests.”

LNG has been debated for
some time, as licences were ini-
tially granted to three LNG
companies, AES, Enron and
El Paso under the FNM
administration in 2001.

However, within the past

two years the argument has

gained momentum ‘after AES
gained approval from the
BEST Commission on their
Environmental Impact Assess-
ment (EIA) forms.
AES’s proposal includes the
building of a re-gasification ter-
minal on Ocean Cay (over nine
miles from Bimini) where
LNG would be re-vaporised
and pumped to South Florida
through 40 miles of pipelines
installed on the ocean floor.
The proposal is expected to
contribute about $87 million
annually to the Bahamian

economy through a number of «
licensing and “through-put” °

fees.
DPM
FROM page one

purchased.

“I_am not aware and I have «
no knowledge of it being up for ©
sale,” the DPM explained. “The .;
aircraft went to Florida to be: .
serviced and will be returned to \”.¥



the Defence Force base.”

However, claims have been °:.
made that the government plans |

to sell the aircraft. é
A second plane, which caused -
much debate after it was flown

into Cuban airspace by an

unqualified commander, |

remains grounded, according to

Mrs Pratt.

She said the government nev-., -

er intended to sell the plane to

.Bahamasair, but had proposed

that the national flag carrier
“manages” it. | ~ Chie

“As the minister (responsi-
ble for national security), if
things like this are going on, I
would know,” the DPM said.



FNM on LNG

Minister of Energy and the
Environment Dr Marcus
Bethel reminded the public
that, when the PLP came to
power, they met three
approvals “in principle” to
LNG companies - granted they

LOCAL NEWS
could meet the EIAs outlined :

by the BEST Commission. ~
“That process proceeded
with the three companies and,
at. the end of the day, only:
AES met the requirements in
their EIA that were accept- °
able. The process of develop-’
ing the regulations started'from
the earliest ‘stages, and the
drafts are before the Attorney



WIWMAINUAT, AUUUUO 1

General right now. We antici-
pate that within six to nine

~ months the regulations would
be in place for the manage- °

ment of the facility when it is
built,” he said. aN
Dr Bethel explained that an

- LNG re-gasification facility is

expected.to take anywhere
between three to five years to
build.

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= PAGE 16, MONDAY, AUGUST 14, 2006 THE TRIBUNE |







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Raymond Amnttomio,, assistant manager, “mortgages, RBC FINCO Main
es ij Branch; Beryl Adams, manager, mortgages, RBC FINCO Palmdale Branch;
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2 f i 7
MONDAY, AUGUST 14, 2006

SECTION



business @tribunemedia.net

The Tribune



BUSINESS*

Miami Herald Business, Stocks, Analysis, Wall Street.

Imperial





@ By NEIL HARTNELL
Tribune Business Editor

idelity Bank
(Bahamas) has
today launched its
$15 million rights
offering to
strengthen its capital base and
take on more business, as it
seeks to grow assets by more

than 15 per cent per year ONG

the next three years.

The rights offering docu- :

‘ment, received by sharehold-
ers today, said Fidelity Bank
(Bahamas) is offering 12 mil-

ited es

@ By CARA ee
_ Tribune Busingss ‘Reporter

THE National Investment Policy that
reserves certain’areas of the economy for
Bahamian ownership only is still in place, the
Minister of Financial Services and, yinvest:

i _- ments told The Tribune.

Vincent Peet said: “That, policy reserving

i : which was put in
Â¥ place. by the former PLP government, is.still in
i Snitawill still.



certain areag'for Bahamians,



thes — -phacevandiclearly.
honour it,” on Bhool

Questions had been raised i in recent weeks



lion Shares: priced at sos
each, to existing shareholders.

That price represents a 15.54

per cent discount to the stock-
’s $1.48 closing price on the
Bahamas International Secu-

- rities Exchange (BISX) on Fri-

day, August 11, and a 16 °“r
cent discount on its: 52-we «
high of $1.49.

The $1.25 subscription price,

according to the rights issue

document, was determined by
Fidelity Bank (Bahamas)
Board of Directors on March
27, 2006, at a time when the
shares were trading at $1.18 on

over whether the National Investment Policy
was still be adhered to, and whether the Gov-
ernment was enforcing it, after The Tribune ,
revealed the involvement of two Barbadian —
companies in the acquisitions.and takeovers of ,
two Bahamian firms. ;
The retail and wholesale industries are sup-
“posed to be reserved for Bahamians only, but
' Barbados Shipping & Trading is the operat-
ing/management partner for the Bahamian
BSL Holdings investor group, which acquired
_Winn-Dixie’s:78 per..cent majority -stake in’
“Bahamas Supermarkets.
Several executives in the Bahamian business -

bak







— targets 15% a
h in ass



ts

Bank launches $15m right ; offering to boost capital base,
eyeing 5- 10 pet cent per annum increases in net income

$k
\

BISX. Subsequently, they have

appreciated to close to their

52-week high.

As a result of both the
increased supply of shares on
the market as a results of the
rights issue, plus the 41.25
offering price, Fidelity Bank
(Bahamas) price on BISX is
likely to gravitate downwards

(NEC).

%e pen
SEE page 4B.

towards’ the $1.25 level in the
short term. -

Fidelity Bank (Bahamas)
said its main business objec-
tives were to grow net income
by between 5-10 per cent per
annum, and to, “achieve and
maintain” a return on equity
of between 15-20 per cent
within the next three years. ©

nal Investment Policy ‘sult in place’

community had raised concerns that a $10
million unsecured loan to. BSL Holdings by ©
Barbados Shipping & Trading. was reall

y equi-

ty in disguise, and a way of circumventing the
need for its involvement to be approved by the
Cabinet and National Economic Council

Those allegations were, denied by Fidelity
Merchant Bank &; ‘Trust, the corporate advis-
_ er to BSL Holdings and the institution that put
-the-buyout group together





DO YOU KNOW WHO TO TRUST
ith your WEALTH MANAGEMENT?

#56
P.O.

== Colina.

Financial Advisors

adeira Street, Palmdale
ox SS-6270 Nassau, Bahamas

242.328.3040 Fax: 242.328.3043
wwwimicronet.bs:

computers.

copiers +

erat) 1 iad

Repel (aii t-t sees






\

It is also seeking to achieve

and maintain an efficiency

ratio of 65 per cent within the

next three years.

The offering will increase the
number of outstanding ordi-
nary shares issued by 72.6 per

‘cent, from’ 16.667 million
- shares to 28.667 million shares.

Existing shareholders that do

not.exercise their rights could
be diluted “up to 41.86 pee
cent”.

Anwer Sunderji, Fidelity

’ Bank (Bahamas) chief execu-

tive, told The Tribune in April
this year that the bank would

SEE page 6B

Investment advisor

aims to ‘fill a void’

|_| By NEIL HARTNELL
Tribune Business Editor

A NOW Bahamian-owned

investment advisory business °

is expecting to execute_a lease
agreement for new offices on

. West Bay Street within a “cou-
ple oL.da

4ys.”,, with its chief exec-
utive arguing that the company
will “fill a void” in’a market
currently dominated by a



‘duopoly.
~Kenwood Kerr told. The Tri-

the company formed from a
management buyout of SG
Hambros Bank & Trust
(Bahamas) investment services
division, was look ing to gen-

erate “sustainable, sensible -

growth” rather than chasing

every. money-making opportu-

nity in the Bahamian market.
He added that the height-

ened level of merger and

acquisition (M&A) activity in

the Bahamian economy, cou-

a KENWOOD KERR

pled with its projected growth
and potential legislation man-

‘dating that companies provide

pension plans for employees,
all presented opportunities for

SEE page 2B

Consolidated’s Bahamas
PLUEEKon Raa UIE as
loan terms with bank

i By NEIL HARTNELL

Tribune Business Editor

‘CONSOLIDATED Water’s
Bahamian subsidiary has
breached the terms of a loan
agreement with an unnamed

‘Bahamas-based bank, and is in

talks to amend the relevant finan-

cial covenants and return to com-

pliance in the current quarter.
In its form 10-Q filed last week

“with the US Securities &

Exchange Commission (SEC),
Consolidated Water said Water-
fields was not currently in com-

pliance v with the requirement that.

“it “maintain a debt to equity ratio

of not more than 0.6 to one”
Although not a major issue,
and certainly not one of a mater-
ial nature for BISX-listed Con-
solidated Water, it has forced the
Cayman Islands- headquartered
parent to classify the balance of
the $275,212 term loan as current
in its June 30, 2006, balance sheet.
Consolidated Water said:
“These term loans are repayable
in quarterly instalments through

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2007, and are collateralised by
the assets of Waterfields.

The term loan agreements lim-
it the payment of dividends by
Waterfields to its shareholders to
available cash flow as defined
under the agreement. The term
loans agreement also requires
Waterfields to maintain a debt to
equity ratio of not more than 0.6
to one.

“Waterfields was not in com-
pliance with this. financial
covenant as of June 30, 2006, and
accordingly, we have classified
the balance of the term loans as
current.in the accompanying
June 30, 2006 balance sheet. We
are in the process of negotiating
with the bank to amend this
financial covenant and we antici-
pate we will be in compliance
with the amended covenant for
the quarter ending September 30,
2006.”

Meanwhile, Consolidated
Water said that so far it had spent
$24.2 million constructing the

SEE page 5B





*


PAGE 2B, MONDAY, AUGUST 14, 2006



li By Fidelity Capital
Markets



TRADING activity slowed
in the Bahamian market this
past week as investors indulged
in some well deserved rest and
relaxation during this last
month of summer.

For the week, just over
67,000 shares changed hands

and five out.of the 20 listed

stocks traded; of which three
advanced, one declined and











FOREX Rates




CAD$
GBP
EUR



Commodities








Crude Oil
Gold

S & P 500
NASDAQ_

International Markets

International Stock Market Indexes:

one remained unchanged.

Volume leader for the week
was Doctors Hospital Health
Systems (DHS) with 55,000
shares changing hands and
accounting for 80.9 per cent of
the total shares traded.

Advancer

The big advancer for the
week was Consolidated Water
Company (CWCB), whose
share price increased by $0.12






Weekly % Change
1.1248
1.8904
1.2725



-0.27
-0.94
- -1.19






Weekly % Change

$74.31
- $636.40




-0.48
-2.38









% Change



‘Weekly







11,088.03 1.36 |
1,266.74 0.99

2,057.71 ° 1,31

15,565.02 0.42





Advisor, from 1B

Providence Advisnis
Mr Kerr said: “In the imme-__
diate term, the first thing we.
want to do j is to’ successfully -
assimilate all the business





Between! ‘ourselves and’ SG
Hambros'in’ a seamless and







provide clients with.a qua
“pe level of service:

|
I






“had
slocation, and was-seeking to
: sign ‘alease imminently. He






He added that Providence
Advisors would then focus on
finding its own headquarters,
as it is currently operating from.
the division’s former offices at
SG Hambros Bank & Trust

‘ (Bahamas).

Mr Kerr said the company
fitified a‘potential new

“se



}

Bank of the Bahamas ‘employs many hard- dork ns ang i dedicated.
persons. Each year one is chosen to be the Employee of the Year, The
_ decision was announced at the annual staff Christmas: party in Doce ber

Kertorra Davis, a Customer Service Representative at
the. Thompson Boulevard Branch was our. second
runner up. She has been at the Bank for six years and
received a trip to any family island for two,

. dence brand.”

_ provide © pension aanih

FIDELITY MARKET WRAP

to end the week at $4.95. On
the down side, Doctors Hos-
pital Health Systems (DHS)
share price fell by $0.20 to
close at $2.50.

The FINDEX advanced by
2.05 points to close the week at
686.16.

COMPANY NEWS

Consolidated Water Com-

pany (CWCO) — It was an
-excellent 2006 second quarter

for CWCO, posting net income

of $2.5 million, representing an .

increase of $1.04 million or

‘ 70.25 per cent over the same

period last year.

Revenues increased by $3.1
million or 46.9 per cent to total
$9.6 million, while the cost of
sales grew by $1.5 million or
38.4 per cent to total $5.2 mil-
lion.

Gross profit as a percentage
of sales for the 2006 second
quarter stood at 45.8 per cent
versus 42.45 per cent in 2005S.
CWCO’s operating expenses
grew by $568,000 to total $2
million, compared to $1.5 mil-
lion for the equivalent period
in 2005.

Operating income increased
by $1.1 million to total $2.3
million. Earnings per share
(EPS) grew by $0.08 to: total
$0.20 as at June 30, 2006

CWCO's management has
attributed its outstanding 2006
second quarter results to
strong growth in both its:retail

“

described the office as “a
cachet facility, accessible to our
clients in the business district
on West Bay Street”.
“We're looking to grow our
business aggressively and:com-
pete,” Mr Kerr said. “We'll be
looking to aggressively: pro-

“mote our services and: grow

our business, and familiarise
the market math the Provi-

‘Providen
a-
tion, investment management,






“white thé mergence of Pro











and bulk water sales. Retail
water sales increased by 43 per
cent due to increased demand
for potable water in Grand
Cayman, while bulk water
sales rose to $4.3 million versus
$2.9 million in the 2005 second
quarter.

RND Holdings (RND) —

' For the fiscal year-end 2006,

RND recorded a net loss of
$17,500 versus a net loss of
$589,000 in 2005.

Revenues increased by
$199,000 or 16.8 per cent to
total $1.4 million,while the cost
of sales rose by $131,000 to
total $143,000 compared to
only $11,000 in 2005. Gross
income stood at $1.2 million
versus $1.2 million for the com-
parable period last year.

Operating expenses rose by .

$132,000 to total $1.2 million.
RND posted a number of non-
cash gains and losses during
fiscal 2006, the net of which
resulted in a gain of some
$332,000 to the company's bot-
tom-line.

In related news, RND man-
agement confirmed the sale of
its gym business, with a
realised gain of $95,000 from
the transaction. However, by

‘the time the gym was sold, it
had already racked up -

$213,000 in operating losses.
Thus, the net effect from the
sale of the gym was a net loss
of $117,000 in 2005

corporate advisory and other

related services, meaning that |
will go head-to-head against.
the two companies that have .
_long dominated this market, .
Fidelity Capital Markets and.

Colina Financial Advisors.
Another player in the sector

is RC Capital Markets, headed .

by Richard Coulson.
Mr Kerr previously worked





dence Advisors would increase
competition in the domestic
Bahamian investment banking
market, there was room for a
third major player. /

He added that SG Hambros .

Bank & Trust (Bahamas) had
always been involved in the

market through its investment »

services division, but this unit’s

emergence as a standalone °

player via Providence Advi-
sors would enable it to el
greater focus to its work. °
Providence Advisors would
be “truly committed to the
market in a proactive manner,
as opposed to a sideline play-

both Fidelity and Colina, —



“The Bahamian Stock Market

I

BISX

| SYMBOL PRICE

AML $1.74 $-
BAB _ $1.48 $-
BBL _ $0.80 $-
BOB __ $7.49 $-
BPF $12.04 $-
BSL $14.00 $-
BWL $1.50 $0.02
CAB. $9.10 $-
CBL _ $11.00 $-
CHL $1.99 $0.03
CWCB $4.95 $0.12
CIB $13.10 $0.05

| DHS _— $2.50 $-0.20
FAM "$6.21." 05
FCC $100. fi» $-
FOL! ° $1117 $-
FIN $11.51 $-
ICD $8.65 $-

| JST $100 ge
KZLB $8.01 ' $0.03
PRE $10.00 $-
DIVIDEND/AGM NOTES:

ae ‘FamGuard Company has declared a dividend of $0.06 per

_ FINDEX 686.16 YTD 24.34%

CLOSING CHANGE VOLUME YTD PRICE

THE TRIBUNE '

CHANGE

138.36%
34.55%

“7.00%

0000 19.05%

cooroooo°o°o

21.34%
2.48%

ror
SO:
A BD
SS: \o

15.21%
0° 2:64%
0 -13.04%
0 11.14% -|
5.60% |

16.93%

0
0 0.55%
0

0 0.00%

ca

20.40% .

of

14.29% ta:
m4



¢v t+ ¢
6 ge ee



&

Fe

15.77% yt
9.80%

4.71% |.
20.75% |-%'

13.07% + \eaey

in i)
4

share payable on August 14, 2006, to all shareholders as at i

record date August 8, 2006.

1 es

a

fo. Oi

,@ Revener International (KZL) will hold an Extraordinary | I,
General Meeting on August 28, 2006, at the New Providence |
Room of the Coral Towers, Atlantis, Paradise Island. |

er”, Mr Kerr said.
“We're filling a void in the.
market. People are looking for
an alternative,” he added.
Providence Advisors is
licensed with the Securities
Commission of the Bahamas
as ‘a’ Class One (1)
Broker/Dealer, enabling it to,
execute trades for and on
behalf of its clients on the
Bah: mas International Secu-






EF MEKE! € company.
planned to apply to become a

‘ trading member of BISX.

| Owners

Providence Advisors will.
start from a relatively strong —

base, though, given the
involvement of the two hotel
union pension funds - the
Bahamas Hotel Industry Man-
agement Pension Fund and the
‘Bahamas Hotel and. Allied
Industries Pension Fund - the
largest institutional pools of

investor’ money. in the
Bahamas.

SG Hambros Bank. & Trust

® Bank of The Bahamas
INTBRNATIONAL
“A growing and dynamic Bahamian institution”

Continues Their Quest to Give Back to Its Community
: ‘

Bank of the Bahamas Village Road extended a hand
to the Fox Hill Police Station by donating a lawn
mower and gas tank. As BOB Village Road borders
with Fox Hill and is a part of that constituency, it
was only fitting to assist with this contribution. In
efforts to show their appreciation for the protection
the Fox Hill Police Station continues to provide, the
Village Hill Road employees pooled their resources
to assist in this endeavour. BOB congratulates the
Hox Hill Police Station on a job well done and will
continue to pledge their support.

Pictures from left to right are: #2465 Cpl..Darren Mortimer, Aniska
Seymour, #1555 Debbie McCartney, Tiffany Forbes, Marilyn
Knowles, Frankyn Rigby, Rosemary Burton, Chief Inspector Ismella
Davis, Supt. George Mortmer.



(Bahamas) acted as investment
adviser and administrator to
the two funds, and it is likely +4
that Providence Advisors will ¢
have inherited that role.

Mr Kerr told The Tribune
“The existing book of busines

gives us a leg up. in terms of, | :

»

being a sustainable, going con .

cern, over the long-term, as's

opposed to being a start-up, h

Ae

looking for business.. We:are’






“We'll grow ‘based on our
business needs. We’re not,.
going to try and match Fidelity=*
and Colina dollar for dollar, as--
they may have deeper,pock-,
ets.”

As for Providence Advisors”.
future opportunities, Mr Kerr,
said: “The sky’s the limit. |
We're looking at sustainable,”
sensible growth: - crn,"
growth - as opposed to “tush--
ing into anything that makes.”
money.”

Sh ee
nes

v

wage










yet
ej

He added that. recent M&A: a

trends in the Bahamas were,« 3
_ likely to be “just the beginning *

in terms of corporate activity”,
as international businesses with’.
existing interests in the ©
Bahamas sought to exit thet
positions and others looked to.
come in.

a | .

Mr Kerr indicated that fur- ag

ther opportunities could be
provided if the Government.
moved on the Social. Security. ,

Reform Commission’s report,;;. ‘iat .
which recommended that it be.” 9

mandatory for companies to",
provide pension schemes for-,
their employees.

“We cannot overlook the. °

potential of a structured pen-~ =

sion environment, and the -
potential for qualified profes-
sional service providers,” ‘ae

- Kerr said.

He added that staff training
would be “critical to us”, along
with a “cutting edge” integrat-
ed Information Technology
(IT) platform. :

Providence Advisors’ chair-*
man is former Central Bank
governor and Grand Bahama
Port Authority co-chairman.

Joining Mr Francis and Me" \"

Kerr on the Board of Direc-7-
tors:are Hugh Sands, former =
Bank of the Bahamas Interna-

Om ft rw ew at

ng
a
q
a.
o
of
a

ae oe

b

tional chairman; Robert Sands,” ~ °
Baha Mar’s vice-president. of -
administration and external. \

affairs; and George E Rodgers, |

the Bahamas Development ‘

Bank’s managing director.
The Providence Advisors .
team includes Monique Coop-
er-Davis, chief financial offi-
cer; Bradley S Cunningham,
manager of corporate services;
and Carol E Burrows, manag-
er of investment services.
They are supported by Olive
C Gaitor, Agatha A G Moncur
and’ Florabelle Rodgers. All
are former employees of SG
Hambros Bank & Trust
(Bahamas), where they spe-
cialised in the management
and administration of all of its
Bahamian Dollar clients.
Providence Advisors cur-
rently employs 10 staff, of.
whom three are part- time.

4

www rre + ce

Ee
THE TRIFUNE



1 UFSY [Nose

MONDAY, AUGUST 14, 2006, PAGE 3B

ower cuts damage



usiness, say firms

@ By CARA BRENNEN
-\- Fribune Business
- Reporter
and NEIL JARTNELL -
Tribune Bisiness Editor
_ ‘A. VARIETY of businesses last
. week reportd to The Tribune that
power cuts, vhich occurred during
the latest roud of industrial unrest to
‘ impact the Fahamas Electricity Cor-
poration (B2C), had again negative-
ly impacte¢ their operations.
One groer in the Carmichael Road
area told Jhe Tribune that power cuts
'. forced them to close their store for “
at least one hour on Thursday
because ‘he electricity was off. So we
did lose money”.

Employee

’. Another employee at a laundromat
in the Carmichael Road area said the
power cuts forced them to refund
money to customers who were usin’
their machines when electricity we‘
_ off.

“If we have eight or nine custor’ts
at a time, they can be using at ’ast
four ‘machines at a time, so if wel@V¢
to refund their money then tbt can
be at least $6 a person,” she s!C.

A spokesman at the LC/ariety

Airlines still assessing -



SAA Medea

mi By CARABRENNEN
TribuneBusiness Resorter

_ IT is toosoon to tell ifchere will be any

food store said its generator had
ensured the company did not lose
money or have to discard perishable
produce during the BEC power cuts.

However, the LC spokesman said
that even before last week’s power
disruption, the store had been expe-
riencing pover cuts at least two to
three times « week.

This has lad an effect on the gen-
erator, whch has to be cutting off

_and on, he said.

Yolania Brennen, of Rainbow
Flowers said the electricity cuts had
affectrd the firm’s computers,
althowh their floral supplies have so
far nt been affected.

“the coolers can stay cool for at
leat a day, so once the electricity
cones back on quickly it’s okay,” she
gid. ;

The store keepers said the situa-
tion was frustrating, because cus-
tomers had been unwilling or reluc-
tant to shop and use their services
when power is off.

The comments by the store own-
ers show the potentially grim eco-
nomic consequences, which can be
measured in lost work: hours and
thousands of dollars, when BEC - the
sole provider of electricity on New
Providence - experiences a major
power failure. s

to the airport well in advance of their
flight, the disruptions should be minimal,”

BEC management last week
blamed the rounds of power cuts,
which began shortly after 9am on
Thursday, on sabotage, although the
Bahamas Electrical Workers Union
(BEWU), which represents BEC
workers, has denied this. Police inves-
tigations are still ongoing. The out-
ages coincided with the start of
demonstrations by the union to
protest what they described as failed
contract negotiations.

Owners

The Bahamian public and business
owners are likely to be becoming
increasingly fed up with the power
cuts, regardless of whether they are
caused by equipment failures or
alleged sabotage.

These problems are experienced
every summer, and are likely to be
wearing thin with electricity con-
sumers, especially given the increased
prices they are being charged by BEC
as a result of high global oil prices.

Many BEC customers have seen
their electricity bills for July jump by
between 75-125 per cent, as the Cor-
poration passes on the increased cost
of fuel to its customers through rises
in the fuel surcharge.

The increased prices, and the

Te

And cars entering the airport area were
being subjected to additional security

impact they are having on household
and company budgets, means that at
the very least the Bahamian public is
likely to demand is a consistent, reli-
able and uninterrupted electricity sup-
ply.

High electricity bills are not just a
problem in New Providence. The Tri-
bune has been told that on Grand
Bahama, the industrial capital of the
Bahamas, pharmaceutical and indus-
trial-related companies, which have
high electricity demands, have seen
their bills jump to $300,000 to
$400,000 per month.

This has revived calls for a liquefied

- natural gas (LNG) terminal on Grand

Bahama, given the possibility that
LNG could be employed as the fuel to
drive power stations on that island
and relieve companies of the crip-
pling electricity cost burden.

It is understood that even account-
ing for taxes, electricity bills incurred

_ by similar companies in the US are

one third lower than those in Grand
Bahama, meaning that this nation is
becoming increasingly uncompetitive
from a cost point of view.

’ Like BEC on New Providence,
Grand Bahama Power Company is
also suffering from industrial unrest,
albeit at the hands of a different
union. ;

David Dunbar,
Grand Bahama Pow-
er Company’s, chief
executive, said the

ed good salaries for
its workers that have
been increased faster
than inflation, and

company has provid- -

made liberal overtime and double
time pay during the 2004 and 2005
hurricanes.

“We have a pension that is 100 per
cent paid by the company, 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
vacation, 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 uni-
form allowance.

BEC’s power cuts last week also
knocked out countless traffic lights
on New Providence, creating havoc
during peak rush hour periods and

' for businesses that rely heavily on

‘transportation.

Intersections

The intersections affected includ-
ed the intersection of Shirley Street,
Mackey Street and Bay Street;
Thompson Boulevard and Farring-
ton Road. Two lights were out on
East Street- one at Gibbs Corner and
at the intersection with Wulff Road.

Also, the light on the corner of
Collins Avenue and Rusty Bethel
Drive was not working.

The signals on Bar 20 corner and
the corner of Village and Parkgate
were also out of commission.

pyect eae Wee eicae

hier



financial impact on ailines serving the
Bahamas due to the “creased security
measures implemered following the
foiled terrorist plot ¥ London-based ter-
rorists last week. ;

Milo Butler II, t© Bahamas-based gen-
eral manager for pirit Airlines, said that
as yet the airline 2d not experienced any
fallout as a resu Of what had happened.

He said it wastill too early to tell what:
will happen, b: said the only impact Spir-

‘it had seen “8 that some flights. were
yminutes at most.
delayet said he had to place some
passenger arriving within an hour of
boarding me on a later flight, because
there w2t00 little time for them to clear

security

Determined

said Spirit was determined to run
- | #jzs as close to their scheduled time as
"- waible.

PT here has certainly been a media blitz
1 what has happened, and if people come

ee .

‘. Grand Bahama’s leading All-inclusive resort, the 276 room

WYNDHAM FORTUNA BEACH

Grand Bahama, Bahamas

Requires a

Mr Butler said. . A screening. :
Passengers will be allowed essential
Recommended medicines and, if a baby or small child is’

He recommended that passengers
should arrive at least two-and-a-half to
three hours before flight time.

Mr Butler added that it was unclear

what impact the situation will: have on
ticket prices or airline profit, as airlines
have been told the new requirements will
only be temporary.

Passengers at Sir Lynden Pindling Inter-
national Airport were subjected to extra
checks after news came through that 23
arrests of suspected terrorists had been
made by British police and intelligence
services last week.

British police thwarted what was

described as “the most significant terrorist .

plot since September 11”.

At least six flights from London to three
US cities had been targeted for mid-air
explosions - a plan that could have cost
thousands of lives. . ;

Police and security staff in Nassau were
preventing passengers from taking liquids,

‘gels and other substances on to aircraft.

BIS:

Pricing Information As Of:
Thursday, 10 August 200 6







travelling, baby formula, breast milk or
juice, said the US Embassy in Nassau.

Minister of Transport and Aviation,
Glenys Hanna-Martin, encouraged pas-
sengers to comply in advance with these
new protocols.

Measures

“These measures will require longer
waits at the airports and passengers are
asked to be patient, to arrive as early as
they can, and to comply in advance with
the directives on those items that cannot
be permitted on board,” she said.

“Tt should be noted:that the prohibited
items may be placed in checked baggage.
The measures will apply throughout the
country where commercial flights are des-
tined to the US or the United Kingdom.”

Mrs Hanna-Martin said the public will

be kept abreast of any new additional .

security measures as they occur, including
whether the threat level had been reduced
or discontinued.





Abaco Markets

‘Colina |

Financial Advisors Ltd.

Sree age

Minimum Job Requirement

. 5+ years experience

: Strong work ethic-and communication skills

: Strong interpersonal.skills

. Must be computer literate .

Compensation

_. Commensurate with both qualifications and experience

Assurance of Confidentiality
. Assurance is given that every applicant will be treated in
the strictest of confidence Fe

Â¥

Interested applicants must apply only in writing to:

Human Resource Manager
Arawak Homes Ltd.
P.O. Box N-3180
Nassau, The Bahamas.

Kindly include two references

All applications are to be received at Arawak Homes Head
Office, East Shirley Street at Highland Terrace no later than

























0.00



August 23rd 2006





Jianaeiea







-0.108 0.000 N/M

























+, we . . 12.05 9.25 Bahamas Property Fund 12.04 12.04 0.00 1.612 0.380 7.5 3.16%
A Kitchen & Laundry Technical Mechanic 7.49 6.50 Bank of Bahamas 7.49 7.49 0.00 0.738 0.330 10.1 4.41%
0.85 0.70 Benchmark 0,80 0.80 0.00 0.292 0.020 2.7 2.50%
1.80 1.26 Bahamas Waste 1.48 1.48 0.00 0.143, 0.000 10.3 0.00%
A . 1.49 4.10 Fidelity Bank 1.48 1.48 0.00 0.188 0.050 7.9 3.68%
Responsibilities include: 19.60 8.73 Cable Bahamas 9.10 9.10 0.00 0.618 0.240 14.7 2.64%
Installation of hardware and software and the 2.20 1.39 Colina Holdings 1.96 1.99 0.03 1,439 0.009 0.000 221.1 0.00%
a : 11.00 8.50 | Commonwealth Bank 11.00 11.00 0.00 0.943. 0.600 11.7 5.66%
_ | ability to read technical manuals; 6.26 4.12 Consolidated Water BDRs 4.60 4.95 0.35 0.130 0.045 35.3 0.98%
. Communicate proper maintenance schedules 2.88 2.10 Doctor's Hospital 2.50 2.50 0.00 0.283 0.000 8.8 0.00%
6.21 4.02 Famguard 6.21 6.21 0.00 0.539 ° 0.240 11.5 3.86%
associated with equipment 11.51 10.49 Finco 11.51 11.51 0.00 500 0.745 0.540 15.1" 4.78%
. 13.10 9.30 FirstCaribbean 13.05 13.10 0.05 4,050 0.885 0.550 14.8 4.20%
; j j 41.17 8.91 Focol 41.17 11.17 0.00 0.885 0.500 ‘126 4.48%
Conducting preventive maintenance checks, 1.15 1.00 Freeport Concrete 1.00 1.00 0.00 -0.170 0.000 N/M 0.00%
troubleshooting systematic equipment, and no-2e pee! len Uiltee Bee BO5 G00 Bese SOE : 088
-10 i . S. Johnson i i ¥ 3 f s
providing a cost analysis. 8.02 5.30 Kerzner International BDRs 8.00 8.01 0.01 0.160 0.000 ~—50.1
: } i ee oi eres aun
; : So MD LM Md LIME
Salary/Benefits commensurate with successful candidate’s eWeekly Vol. EPS §__Div$ cS
ry Bahamas Supermarkets : 850 1.923 0.960 F
Caribbean Crossings (Pref) 8.00 0.000 0.640 NM

qualifications. .
RND Holdings




Applicants for the above position must reply in writing
by August 22, 2006 to:

Bahamas Supermarkets
RND Holdings .




1.300892*
2.9038***
2.441484**

Colina Money Market Fund
Fidelity Bahamas G & | Fund
Colina MSI Preferred Fund

THE GENERAL MANAGER:

WYNDHAM FORTUNA BEACH
Doubloon Rd & Churchill Drive, Grand Bahama, Bahamas
P.O. Box F- 42398, Freeport, Grand Bahama,
Bahamas
Or via e-mail: excfortuna @ vivaresorts.com



YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity

Ask $ - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week
EPS $ - A company’s reported earnings per share for the last 12 mths
NAV - Net Asset Value

N/M - Not Meaningful

FINDEX< - The Fidelity Bahamas Stoc'
apiairasatte “ 3 cea




MARKET TERMS.



52wk-Hi - Highest closing price in last 52 weeks
52wk-Low - Lowest closing price in last 52 weeks
I Previous Close - Previous day‘s weighted price for daily volume
Today's Close - Current day‘s weighted price for daily volume
Change - Change in closing price from day to day
Daily Vol. - Number of total shares traded today
DIV $ - Dividends per share paid in the last 12 months
P/E - Closing price divided by the last 12 month earnings

* - 28 July 2006
** - 30 June 2006

“** ~ 30 June 2006







30 June 2006
SPS WIC CKC
SASL





BEE


PAGE 4B, MONDAY, AUGUST 14, 2006

Policy, from 1B

Fidelity said everything was
done in accordance with the reg-
ulators, and all necessary
approvals were obtained.

However, Mr Peet said the
Government had not yet grant-





NOTICE
GIMMLI LIMITED

HOTICE It HEREBY CHVUEDM ax follbeor:

ed final approval to BSL Hold-
ings for its $56 million Bahamas
Supermarkets takeover.

He said: “The sale is not fully
finalised as the relevant govern-
ment regulatory agencies are still



reviewing the matter.” A final
determination was to be made
soon.

That contradicts last week’s
release from Fidelity, and also
Winn-Dixie, announcing the
deal’s completion.

The $56 million transaction is
understood to have been funded
by a combination of $15 million in
Bahamian equity; the $10 million
unsecured loan from Barbados
Shipping & Trading; .$5 million
in preference shares; and $26 mil-
lion in commercial bank debt.

The deal, which is thought to
be the largest buyout for a non-
hotel business in the Bahamas,
will see BSL Holdings take over
majority ownership of the 12-

store chain, which operates in
Nassau and Freeport under the
City Markets and Winn-Dixie
brands, from US grocery retailer
Winn-Dixie.

Winn-Dixie will receive $54
million for its stake in Bahamas
Supermarkets, with the remaining
$2 million related to transaction
costs, including legal and corpo-
rate advisory fees.

Chairman

BSL Holdings’ Board has as its
chairman, J Barrie Farrington,
Kerzner International’s executive
vice-president of administration.
Two other directors are busi-
nessman Franklyn Butler and















(x) GIRL LIRGITED & inveolraticy dave ntion racks die pro vinden
ofBxction 137 (4) of dee Dexontiomm] Bren Companies fet
2000,

(b) The Agno Intion of dix dd cornpary comnneneed on the 941 Anpmt,
2006 sien dix Aetielex of Dano Intion viece nbanited t aget
wend by dix Re ixtenc Creare.

(=) Tle Liqnditawe of die id coanpaay & Uvacings Arcceintead Lat.,

Paxea Extras, Road Town, Tosteh, BU.

Dated di 1141 oF Anynxt, A.D. 2006

LUcaeinge Arcceiated Lad,
Liqnicntos



LEGAL NOTICE OF DISSOLUTION

International Business Companies Act
(No. 45 of 2000)

In Voluntary Liquidation

Notice is hereby given in accordance with Section
138 (8) of the International Business Companies
Act, No. 45 of 2000, the Dissolution of PAN ASIA

completed, a Certificate of Dissolution has been
issued and the Company has therefore been struck

off the Register. The date of completion of the
dissolution was the 12th day of June, 2006.

ld ‘ |
ii Ch ; |
i + . Af : ; .

Employment Or portunity

_| Assistant Manager, Mortgage Lending
Freeport Branch

Commonwealth Bank is the premier Bahamian Bank with branches _
located in New Providence, Abaco and Grand Bahama. We are
committed to delivering superior quality service, to training and
developing our employees, to creating value for our shareholders

- _ and co promoting economic growth and stability in the community.

This position is open to candidates with the following minimum
requirements: - :
Core Responsibilities:

© Carrying out a range of lending activities including but not
limited to:

- Interviewing applicants to determine purpose of credit
requirements i.e. mortgage/loan/overdraft

- Advising applicants of financing options-term, rate costs, etc.

- Determining credit acceptability based on credit score and
other tools : . : ;

- Providirig rationale and approving credit within authorized
limit or making recommendation to Management for chose
in excess of lending authority

- Managing the oversight of collateral including registration of
legal documents, insurance and escrows

- Managing the Mortgage portfolio collection activities
including collecting delinquent loans, negotiating with
delinquent borrowers, foreclosures, repossessions and other
legal steps in recovery

Maintaining ongoing customer relationships and participating in

Branch marketing efforts ae

Selling new deposit and investment accounts

Carrying out a range of administrative functions in support of

customers’ personal banking

* Providing strong leadership for Branch personnel

* Support Management with oversight of commercial loan

portfolio ae tg

°

Qualifications, Skills & Experience:
* Five years commercial banking and lending experience
* Strong leadership skills |
* Abilicy to deal tactfully wich customers
* Strong written and oral communication skills
* Commitment to Customer Service Excellence
* Strong sales abilities
* Excellenc PC skills (MS Word, MS Excel)
* Some Accounting knowledge is helpful bur not essential

Remuneration Package:

We offer an exciting work environment with opportunity for growth
and development. We also offer a competitive compensation package,
which includes performance based incentives, pension plan, health,
yision, dental and life insurances.

Interested persons should submit their resumes in WRITING or E-mail
along with copies of their certificates before August 25, 2006 to:



i HUMAN RESOURCES DEPARTMENT
Re: Assistant Manager, Mortgage Lending, Freeport Branch
PO. Box SS-6263
Nassau Bahamas
Telefax: 394-0758
E-mail address:anne.lightbourn@combankled.com

.

CONSULTANTS AND TRAINING LTD. has been |










PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that I, ERDILIA ISA of Cordeaux

Avenue, of P. O. Box FH-14300, Nassau, Bahamas, intend
to change my name to FERDILIA ISMA-DAREUS. If there are ’
any objections to this change of name by Deed Poll, you may
write such objections to the Chief Passport Officer, P.O.Box N-
742, Nassau, Bahamas no later than thirty (80) days after the
date of publication of this notice.



OFFICE SPACE AVAILABLE
PERFECT FOR ATTORNEY:

Rent includes the following: |









oy Cleaning
* Security
* Parking

* Electricity

* Water |

* Generator

* Receptionist * Use of two

* Kitchen and - conference rooms
Bathroom Supplies * Use of Law Library

To arrange viewing please call: 394-5145













RBC FINCO INVITES TENDERS
RBC FINCO invites tenders for the purchase of the following:

“ALL THAT piece 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.

NATURE INTENo,
Oo

@nautilus



‘n 5
f fh
YSED with a4 TRACE MINE

Woo
a— (a
Bla

POSITIONS AVAILABLE

Bottled water company invites applicants for;
Truck Drivers, Sales People, and Receptionist

The potential candidates must meet the following criteria:

*’ A minimum but not limited to a High School Diploma,»
along with working experience in a similar position

© Excellent communication skills

* Must be a team player, motivated & well groomed

© Successful applicants can look forward to
competitive re-numeration and benefits.

* Willing to work flexible hours

* Applicants must be 25 yrs or older and possess
a clean police record & a valid drivers license.

Please note that we are located in
the western district near the airpert.

All interested persons are asked to call
377-0444 thre 0446 or submit resumes to
jobs@Nantilush20.com prior to August 11, 2006.

Only successful appicants will be contacted.

Anwer Sunderji, chairman and
chief executive of Fidelity Mer-
chant Bank & Trust, which struc-
tured the transaction and formed
BSL Holdings as a buyout group.

The last two Board members
are G. Anthony King and Frere
Delmas, representatives of Bar-
bados Shipping & Trading. The
firm is a major food retailer in
Barbados, and other believe its
involvement will be positive, as
its experience and size could gen-
erate efficiencies that will be
passed on to Bahamian con-
sumers through lower prices and
more choice.

A letter from a J Moore,
received yesterday, said: “As a
customer of City Meat, I sincere-
ly hope that someone will try to
improve the buying as I am tired
of having to. shop at two, and
sometimes three, different shops
to complete what I need. -

“Prices also vary between
Rosetta Street, Harbour Bay and
Blue Hill stores, so much that I
have questioaed this with the
managers. Alse, prices are going
up, in some cass $0.89 a week,
every week.” |

The five BSL Yoldings direc-
tors will now sit 0. the Bahamas
Supermarkets Boad, and Hugh
Sands will not be onzither Board,

THE TRIUNE

y

viewed 5 a non-core operijon

. by Winmjxie, and the $54 4j1-

lion rals€ from the sale is ke\to
helping it merge from Chapter
11 bankrujoy in the US.

_ BSL Holings’ shareholder:
include rival od retailer, Abaco
Markets, whip holds a 10 per
cent stake in \e buyout group.
Other investornjnclude Abaco
Markets chairma and chief exec-’
utive, Craig Synnette, fellow
shareholder Mr hitler and the
Bahamian hotel inustry pension
funds.

Observers of th: Bahamas
Supermarkets trinsaction are
likely to view the jea\’s comple-
tion as clearing tle way for the
company to begir merger talks
with Abaco Markt¢s, something
most view as a logcal outcome

to developments. : ee!
Bahamas Supernarkets will-.-.-
remain listed on tl over-the--"

counter market, witk22 per cent
of its shares remainiig in public
hands. :
National Investnent Policy -’
concerns have also leen raised’.
about the involvemeit of Banks’
(Barbados) Breweies in the

. group that has taten over. >.
Caribbean Bottling Company: | -~
(Bahamas), the Barbadan brew-’. - |

ery having made a $¢million



as incorrectly report last week.

unsecured loan to helpfinance
Bahamas Supermrkets was 3

that deal.













NONICE

RBC FINCO INVTES TENDERS

RBC FINCO invites tenders for th purchase of ihe following:

“ALL THAT piece parcel or lot of land bag Lot No. 1861, Pinewood
Gardens situated in Southern District of th{sJand of New Providence
one of the islands of the Commonwealth the Bahamas. Situated
thereon is a Single Family Residence CONSISy 9 of (2) Bedrooms, (1)
Bathrooms.

Property Size: 5,000 sq. fi
Building Size: 975 sq. ft.

This property is being sold under Power of Sale contied in a Mortgage
to FINANCE. CORPORATION OF BAHAMs LIMITED. ' &
All offers should be forwarded in writing in a sealed eNVope, addressed
_ to the Manager, Royal Bank Collections Centre, P.0.19x N-7549,
Nassau, Bahamias and marked “Tender 4667” . All otys must be
received by the close of business 4:00 pm, Friday 18th Atust;.2006. :
: i : i Eh oer ray




\
RBC FINCO INVITES TENDEg

RBC FINCO invites tenders for the purchase of th following: :

“ALL THAT piece parcel or lot of land being Lot 16, #3, Sea
Beach Estates situated in the Eastern District on the Islato¢ New
Providence one of the islands of the Commonwealth of the hamas,
Situated thereon is a Duplex Apartment consisting of 1-(3) Beyoms,
(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 Mortgag
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, oe
Nassau, Bahamas and marked “Tender 0581”. All offers must be § \
received by the close of business 4:00 pm, Friday 18th August, 2006.

PART-TIME
ACCOUNTING OFFICER

Tasks and responsiblities include but are not limited to: ©

Reviewing monthly accounting entries before posting
Reconciliation of all bank accounts, including
investment brokerage account

Reconciliation of all re-insurer accounts, quarterly,
Recording all investments entries

Monitoring maturity of investments in portfolio in
order to advise financial controller

Assisting accounting officer and financial controller
with completion of monthly management accounts as
well year end audit

Successful candidate should meet the following criteria:

Bachelors degree in accounting or professional
accounting designation with 1 or 2 years experience
Team player, able to operate in a very small office
environment and handle individual repsonsibilities

Affinity with figures and attention to details

Respond to:
Financial Controller
P.O. Box N 8320
or
Fax: 326-3132


THE TRIBUNE MONDAY, AUGUST 14, 2006, PAGE 5B

BUSINESS



NOTICE

LAGUNA INVEST & TRADE INC.

Two more Bahamians

In Voluntary Liquidation

Notice is hereby given in accordance with Section
138 (4) of the International Business Companies Act,

earn hotel scholarships

THE Bahamas has received
two more scholarships from the
Caribbean Hotel Foundation,
after a record 18 hotel members

= of the Bahamas Hotel Associa-

+ +

‘ tion (BHA) contributed room
. donations in support of its Silent

-“- Auction.

The Silent Auction was held in

June in conjunction with the -

Caribbean Hotel Association’s

“ ~ (CHA) CHIC conference in Mia-

. mi,
‘+ The BHA’s participation in the
~ industry-led regional scholarship
- programme has supported the
‘. education of Bahamian students,

and two more scholarships have
- been awarded to the Bahamas

- this year, adding to the one grant-

ed in 2005 that is now in use.

Annette Nesbitt, an employee

at the Radisson Cable Beach

Resort, was granted a $3,500
scholarship to pursue her Bache-
lors in Hospitality Management at
the Bahamas Hotel Training Col-
lege.

BHA student intern Helen
Bhola, who graduates this year
from the: University of the West
Indies, has been awarded a $2,000
scholarship to pursue her Mas-
ters at Florida International Uni-
versity. They join Comfort Suites
employee Joann Petty, who was
awarded a scholarship in 2005 and
is studying at Nova Southeastern
University.

BHA members supporting the
scholarship fund at last year’s .
fundraiser included: Atlantis,
Best Western Castaway’s Resort,
Bluff House Beach Club, the
British Colonial Hilton, Club
Land ‘Or, Comfort Suites Par-

" adise Island, Four Seasons, Gray-

cliff Hotel & Restaurant, Flamin-
go Bay Marina & Yacht Club,

_ Green Turtle Cay Club, Old

Bahama Bay, Pelican Bay Hotel
& Suites, Radisson Cable Beach
Resort, Westin & Sheraton@Our
Lucaya, Smith Orloff & Associ-
ates, and Gulfstream Continen-
tal Connection Airline.

“We want to express our
appreciation to all those who sup-
ported the scholarship pro-
gramme and are helping to make
a big difference in the lives and
professional development of
these young people” stated BHA
president Earle Bethell.

Through the BHA, the
Caribbean Hotel Foundation
seeks qualified applicants for the

annual scholarship programme .

starting in January of each year.

Consolidated’s Bahamas affiliate renegotiates loan terms

FROM page 1B

Blue Hills reverse osmosis plant

~ in Nassau, which is producing at

full capacity of 7.2 million gallons
per day.

The company added that it
_ expected to spend a further $2.4 -

, million to complete the Blue Hills
' plant during the 2006 third quar-
ter, which ends on September 30,
2006...

Consolidated Water is. await-
ing confirmation from the Water
& Sewerage Corporation that it

_ was meeting “all contractual

'. requirements”, the plant having

‘ been fully commissioned and

‘ undergone a seven-day perfor-
mance test in,;mid-to-late July
2005.

‘_.. The company will also spend

, an extra $800,000 on capital

‘ improvements for its Nassau-

-' based Windsor plant during the

* Windsor ] Plant, whose. capacity...

oe ee ae pee ee

+: 2006 third quarter. The expanded

was increased until Blue Hills
came fully-on line, will remain
active until mid-August, when

. some of the equipment will be

moved to another market.
Consolidated Water said its

. investing activities used up

$17.994 million in cash during the
six months to June 30, 2006, with
$17.8 million of this used for con-
struction of the Blue Hills plant.

Rights

It added that it had completed
a rights offering for its Bahamas-
based Waterfields subsidiary,
“generating proceeds of $672,136
from the sale of minority iater-
ests in this subsidiary”.

To help finance the Blue Hills
plant construction, Consolidated
Water issued $15.8 million in
secured bonds, bearing a coupon
of 5.95 per cent, to non-US
investors on August 4.

David Sasnett, its chief finan-
cial officer; said: “The net pro-
ceeds of approximately $15 mil.

lion from. these. bonds will beg.

applied to various capital expan
sion projects, including the Blueâ„¢
Hills plant in the Commonwealth

of the Bahamas, and the expan-

sion of the North Sound Plant on .
Grand Cayman, and to reduce

our bank line of credit."
For the three months to June

30, 2006, Consolidated Water’s:

net income rose by 70 per cent
to '$2.522 million or $0.20 per
diluted share, compared to $1.481
million or $0.12 per diluted share
the year before.

Total revenues rose by. 47 per:
cent to $9.6 million, compared to
$6.6 million in the 2005 eccond
quarter.

Bulk water sales were up to
$4.3 million, compared to $2.9
million the year before. Bulk
water gross margins increased to

28 per cent, compared to 19 per -

cent the year before.

For the first six months of its
fiscal 2006, Consolidated Water’s
net income was up 96 per cent at
$5.6 million or $0.44 per diluted

share, compared to $2.855 .mil-, “

lion or $0.24 per diluted share.
Total revenues were ahead BY.

‘50'per cent at'$18°9 million; ‘c6m-"

pared to $12.6 million.

: | Are you looking for job security with a
‘} reputable company? Then we're the

AE
2

Foe me

ee

company for you! :
WE ARE NOW HIRING!

Position Available: Laboratory Technician

Requirements: Associates Degree in a science related field

or

/¢ Daily Microbial Testing
| ‘Complying with quality control standards
. “erifying Materials

¢ Tate Testing

prior laboratory experience

Job Responsibilities to include but not limited to:

Applicats should be highly motivated, and able to
perform ad adapt to changing environments. Salary
commensunhte with experience. Please apply in writing,
on or before Friday, August 25th, 2006 to:

TheHuman Reswirces Manager

c/o Coca Cola-

PO. Box N-1123
Nassau, Bahamas



‘port in recent years, thanks to

-cants from the Bahamas.

2000, LAGUNA INVEST & TRADE INC. is in
' dissolution as off August 11, 2006.

All applicants mast be recom-
mended to CHF by BHA.
Members are encouraged to
consider advancing applications
from promising employees, chil-
dren of employees and others.
The BHA has stepped up its sup-

International Liquidator Services Inc. situated a: 35A

the heaudatony

member support for the CHF
auction, and correspondingly has
seen an increase in the number
of scholarships awarded to appli-

LIQUIDATOR -



Grand Bahama’s leading All-inclusive resort

WYNDHAM FORTUNA BEACH
Grand Bahama, Bahamas

Requires an
Assistant Financial Controller

Candidate must have 3-5 years experience and possess knowledge of generally
accepted accounting principles, and have the ability to initiate accounting.
projects and prepare financial reports. for. senior management and offshore

corporate olfice for review.

Skills shall include being computer literate in Microsoft Word Excel and Navision:
strong hotel auditing capabilities and must be able to perform: other related
functions, i.e.: preparation of and assisting with the annual budget, and annual audit
by External auditors as required; proven skills with 5 years.of relevant experience
Salary and benefits commensurate with

in accounting and financial matters.
qualifications.

Applicants for the above position must reply in writing by August 22, 2006 to:

THE GENERAL MANAGER:

WYNDHAM FORTUNA BEACH
Doublesh Rd & Churchill Drive, Grand Bahama, Bahamas
P.O. Box F--42398, Freeport, Grand Bahama, Bahamas _-
Or We e- “mail: Hotelexecutivesearch @yahoo. com

LTAUMESHITAGAROMRMETEERRER) RTI NRRL IENANETE STERIL TE

Sew
‘ Rare 1M is



&

Erobrgted 1920 J Se ek aa

TT Orade Specialist

British Arverican ingurance Compa the oklest insumnce company inthe Balanms anc a lencing financial

© series irptitutionis searching for an eqperienced, highty oganized Oracle Programmer f Designer to
cvelp and mmintain compary-specitic applications. The ileal caichite niet he sef-modvatedto complete
itintives tlin estadisectineines avi eerdse versatifty sth respect to projed asiganats,

| Resporsioiites.

Support and nmintan Oricle catalase applications
= Prraniney anc! mocky esting extractions from nmudtipe chta SOLECES
= Develop repats ancl provide ongoingtechnicd support fa axtisers
= ARintain cdsting) chtalase integrity ancl stinking
© Partidpate in speck projects ‘vith eernlor, aetem COWETA Upgrades, inplenerttir
= (reste test trarpactions, refine all CALL) prOgrAlE.
= Tainenckipers axl tectvical suyuort staff

Core Competencies:

Srony knowecke of HBLIANCE ANKliMBLAIICE systems
= Proven prdectleacemtip axl pegect implementation
= Eqperience ith fora softaare cevelquaent methoddoges
= Aity totmrstate losis recpireneitsintofincional anitecviail specticatons
= Srongparmbtical sil anclexperience in ceveloping applicitions that reet user recuiranats
= Abiity to perform cetadecl analysis of Lusiness axl teclvical imres is recpirecl
= het hve stray orl ancl aritten conmuication skills

Required Qualifications:

Se years of recent Orade application ceveloprnent experience iain Orade PLISOL a5 parva 4
proc ayy FALE

= Bachelor’ degree in CS or equivalent eperience anclor echication

=» (race Develops of OBA cenificatias a pls

Preferred Skills:

= Possess strony Prdect Racker eaperence on Orace Aylication pene, BNSs SSRI
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-* PAGE 6B, MONDAY, AUGUST 14, 2006

THE TRIBUNE



Fidelity targets 15% a |
year growth in assets —

FROM page 1B

". “far exceed” the Basel com-

mittee’s requirements on risk-
weighted capital when the $15
million rights issue was com-
- pleted.

The way-in whieh the rights

*. issue proceeds will be used

means it is effectively a debt-
for-equity swap, where debt
financing will be exchanged for
an injection of equity to
strengthen the bank’s financial
base.

The process involves Fideli-

ty Bank & Trust International,
as the parent company and

The pension plan for Fideli-
ty Bank (Bahamas) own
employees also holds a 3 per
cent stake in the bank, while
the Fidelity Bahamas Growth
& Income Fund - a mutual

fund managed by an affiliate -"

owns another 3.75 per cent. -.
_ Together with the directors’
stakes, these two institutions

_are likely to exercise. their |
“expenses had risen at a faster

rights in full, meaning that pos-

‘of the

tively spoken for. +

Shareholder |

majority shareholder in the |

bank with an almost 68 per
cent stake, acquiring $10 mil-

lion in preference share debt in _

the bank from the existing
holders of that debt.

Once acquired by Fidelity
Bank & Trust International,
‘those preference shares will be

redeemed by Fidelity Bank °

(Bahamas), and the majority
shareholder. will then reinject
the proceeds back into the

bank by using them to buy its ©

share of the rights issue. -

. Fidelity Bank & Trust Inter-
national intends to subscribe

for all its allocation in the

rights offering, meaning that it

will effectively underwrite the -

issue by taking up just over $10
million.

Other major shareholders -

are Fidelity Bank (Bahamas)

executives Mr Sunderiji,.

Michael Anderson and Alfred
Stewart, who all hold more
than one million shares, and

for their full allocation.

“Bach existing shareholder

will be granted 0.72 rights for .

every existing share held as at
July 31, 2006. This means that,

. for example, if a shareholders
owned 1,000 shares at that’ -

date, he or she will be entitled

to 720 rights. For each right,

he/she can purchase one new
ordinary share at $1.25, mean-
ing they can buy" up to 720
shares.

said rights not taken up by
existing shareholders would
firstly be allocated to others

: who had applied for extra
~ shares.
Then, if any rights were still .

left other, it would attempt to

-place these. with institutions .

and other investors.
The. closing date for the
tights offering is September 1,

2006. Rights .are transferable
_ and.can be sold through Fideli- .

ty Capital Markets to other
have stated they will subscribe —

investors.

For ‘the first six months of

sibly 80 per.cent and upwards
Fidelity. “Bank,
(Bahamas) rights issue is effec-

Fidelity Bank (Bahamas)

“unchanged.

its 2006 fiscal year to June 30,
Fidelity Bank (Bahamas) per-.
formance has been relatively
flat, with net income, slightly

‘ahead of the previous year’s
$1.034 million at $1 -038 mil--

lion.

Total revenues were up by

11 per cent at $5.058 million,

compared to.$4.556.million for «

the 2005 first. half, ‘but total

rate.

Fidelity Bank (Bahamas)
enjoyed. some top. line. growth

in the six months to June 30,

2006, with interest income up .
by almost 2.per cent'at $5.076..
million, and interest expense»
‘down.

Non-interest income rose by

18.2: per cent to $1.78 million,”

compared to $1.506 million in

the half-year to June 30, 2005..
However, salary and staff:

benefits also rose by. 18.2 per
cent to $1.934 million, up from,

$1.637 million, while general

and administrative expenses

increased, but by a lesser |
amount, 4
The balance sheet, too, was
‘little changed compared to the:
position at December 31, 2005.:

At June 30, 2006, total assets

had risen by just over $2 mil-
lion, with total liabilities show-:

ing a similar rise, although total
deposits had risen to $115.411

million, compared to $109.74

million.
Asa result, shareholder
equity’ ~ was Nirtually

Brea Wa ae ea cc
- in circulation, just call 322-1986 today!

Credit Suisse (Bahamas) Limited

is presently considering applications for a ie

I. T. SPECIALIST (Junior Globus System Developer)

Credit Suisse Private Banking i is one of the world’s s premier private banks. Itis f

setting new standards that go beyond traditional banking services. Our dedicated
and highly qualified staff provides our clientele with’ comprehensive solutions in *
individual investment counseling and professional portfolio management. Our
total commitment is always to our clients and we focus without compromise on
their fi nancial well- being and their personal values.

The position is open to candidates with the following minimum

requirements:

Qualifications:

At least Two (2) years eipetioncs in installation; ‘configuration and
troubleshooting in a banking environment

Intermediate knowledge of GLOBUS Banking Application
(programming and administration)
Experience to run and Support Close of Business programs in -

Globus

Bachelor of Science degree i in ‘Computer Science or ecuivalent
Knowledge of AIX 5.1 — 5.3, UNIVERS/JBASE, LAN & WAN:
Experisnee with offshore banking applications.

Personal Qualities:

Excellent organizational, ‘nterporeenal and comintinication skills 2
Good technical and problem solving skills and experience

Ability to work under pressure and with minimum supervision —_,

Enthusiasm, a positive attitude and a willnonepe to work flexible

hours as overtime | - rage Ss

is required

Good technical and trouble-shooting skills and experience

Other Duties:

a

Answer Helpdesk requests (provide support & troubleshoot)
Ensure compliance to IT guidelines / directives
Ensure that “Business Contingency Planning” requirements are followed
Other duties & projects assigned by the Manager of Department .

Benefits provided include:
- Competitive salary and performance bonus

- Pension Pian
- Health and Life Insurance
Ongoing internal and external career developmenttraining program

eaters should be submitted to:
Human Resources Department

P.O. Box N-4928
Nassau, Bahamas



These: itnoas at $4: 020 mike
lion, a 14.1 per cent rise. on the
$3.522 million i in the 2005: first :
-half.”

Hurricane Season
Is
hiere



‘Starting at 25 kva - 150 kva
in stock |



Credit Suisse (Bahamas) Limited

is presently considering applications for a
I.T. SPECIALIST. (Senior Globus System Developer)

Credit Suisse Private Banking is one of the world’s premier private banks. It is
setting new standards that go beyond traditional banking services. Our dedicated
and highly qualified staff provides our clientele with comprehensive solutions in
individual investment counseling and professional portfolio management. Our
total commitment is always to our clients and we focus without compromise on

their financial well-being and their persone values.

‘The position is open to: candidates with the following r minimum

requirements: Cts ea)

Qualifications:

- At least Five (5) years experience in installation, confi guration and
: troubleshooting in a banking environment

- Superior knowledge of GLOBUS Banking Appllcayan
(programming and administration)

- RS/6000: Installation, maintenance and operation experience

- Bachelor of Science degree in Computer Science or equivalent

- Knowledge of AIX 5.1 — 5.3, UNIVERS/JBASE, LAN & WAN

- Experience with offshore banking applications

Personal Qualities:
Excellent organizational, interpersonal and communication skills -
Good technical and problem solving skills and experience
Ability to work under pressure and with minimum supervision
Enthusiasm, a positive attitude and a willingness to work flexible
hours as overtime is required
Good technical and trouble-shooting skills and experience
Other Duties:
_ Answer Heipdesk requests (provide support & troubleshoot)
Provide UNIVERSE & GLOBUS training to IT Staff
Ensure compliance to IT guidelines / directives
Ensure that “Business Contingency Planning” requirements are follow4d
Other duties & projects assigned by the Manager of Department

Benefits provided include:
~ Competitive salary and performance bonus
ee Pension Plan
os Health and Life Insurance
Ongoing internal and external career developrnntit aining program



Applications should be submited to:
Human Resources Deparment
P.O. Box N-4928
Nassau, BahanvS


THE TRIBUNE BUSINESS ka eg MONDAY, AUGUST, 14,2006, PAGE 7B






MONDAY EVENING AUGUST 14, 2006

730 | 8:00 | 6:30 | 9:00 | 9:30 | 10:00 | 10:30

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qe
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es

PAGE 8B, MONDAY, AUGUST 14, 2006

SPORTS





@ MEMBERS of SWIFT Swimming at the recent 11th FINA Masters World Seigasting Championships

Six medals for the



= SWIfIMING

AT THE recent 11th FINA
Masters World Swimming
Championships at Stanford
University, SWIFT Swimming
won six medals for the
Bahamas.

The 11 member team con-
sisted of Percy Knowles, Andy
Knowles, Nancy Knowles,
David Morley, Susan Morley,
Allan Murray, Dominic Latel-
la (coach), Sean Nottage,
Cameron Roach, Dorian

Roach, and Raymond Simp- ©

son.
The medal haul was led by

the “master” of the team, Per- -

cy Knowles, who won three
medals with his fifth place 100
breaststroke, seventh place 50






FINA Masters World Swimming Championships

FT Swimmin:





breaststroke, and 10th place
400 freestyle. (Medals are
awarded for the top 10 finish-
es).

Percy Knowles swam in the

75-79 age group.
_ David Morley followed suit
with two medals, a eight place
100 backstroke and an eighth
place 50 backstroke. David
competed in the 40-44 age
group.

‘Allan Murray completed
the medal haul with a sixth
place finish in the 50 freestyle
in the 30-34 age group.

The week long swimming

- event saw some 5,600: swim-

mers from 80 nations compete

i,

in two Olympic size 50 meter
pools with two 25 meter pools
for warm-up and swim downs.

There were some 144 new
world records set covering age

‘groups from 25 to 90 year

olds.

The swim team that repre-
sented both SWIFT and the
Bahamas has had many per-
sonal best performances since
competing at both the U.S.
Masters Nationals in May and
the Bahamas National Cham-
pionships in July.

Along with the medal haul,
other top performances
included David Morley’s 11th
place 200 back (just missed a

medal) and 21st 200 IM; Allan
Murray’s 16th place 50 fly;
Andy Knowles 22nd place in
both 800 and 400 free; Percy
Knowles 14th place 200
freestyle (Percy also would
have finished 4th in the 200
breast but was disqualified for
a one hand touch). Sean Not-
tage’s 37th place 50 freestyle,
and 40th place 100 freestyle.
Cameron Roach’s 40th place
50 fly. Dorian Roach’s 46th
place 50 fly and Raymond
Simpson’s 36th place 50

‘breaststroke.

Another highlight for the
team was the relay perfor-
mances.

team

SWIFT had four relays, two

men (free and medley) and
two mixed (free and medley
made up of two men and two
women).
' The top relay finish was
from the men’s 200 free relay
that finished 15th. The relay
consisted of Allan Murray,
Sean Nottage, Dorian Roach,
and'Cameron Roach. Allan
led off with a 24.3 for the first
50 (the time would have been
good enough for a second in
the individual 50 free) fol-
lowed by a 26.05, 26.06, and
25.5 split respectively.

With many of the Bahamas
Olympians leading the way
Masters swimming in the
Bahamas is well on its way
to joining the mp world rank-
ings.



ae



6 eae cast
in wc mufinab

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TRIBUNE SPORTS



@ TENNIS
AID CLAY COURT
CHAMPIONSHIPS

The Bahamas Lawn Ten-
nis Association’s AID Clay
Court Championships got
underway on Saturday at
the National Tennis Cen-
tre.

e Results from those
matches played are as fol-
lows:

Men’s Open Singles

Philip Major def. Ryan .
Knowles 6-0, 7-5.

Brent Johnson def.
Archie Burrows 6-0, 6-1.

Jason Watson def. Ralph
Cash 6-3, 6-3.

Paul Wesley def. Jodie
Turnquest 6-0, 6-1.

Men’s Veteran Singles

Lutz Danner def. Albert
McKinney 4-6, 6-4, 6-0.

Charlton Knowles def.
Tim Dames 6-2, 6-2.

w SOFTBALL

| BSC SEASON OPENING

THE Baptist Sports
Council will open its 2006
Joann Webb Softball
League on Saturday,

August 19 at the Charles

W. Saunders High School,
Jean Street. The’season is
being held in honour of
Webb, the oldest female
participant in the league.
She represents Golden
Gates Native Baptist
Church. The action will
kick off at 10am, followed
by a brief opening ceremo-
ny. The mini souse out that
was postponed from Satur-
day, will also be held, start-
ing at 8am.

BSC APPOINTS
COMMISSIONER

THE Baptist Sports
Council has announced the
appointment of Frank
'‘Pancho' Rahming as the
commissioner of the 2006
Joann Webb Softball
League. Rahming, an
active member of the Mt.
Carey Union Baptist
Church, served previously
as commissioner of the
Bahamas Government
Departmental Softball
Association. He has also
served as statistician and
national coach in the
Bahamas Association of
Athletic Associations.
Rahming said he's pleased
to serve in that capacity in
the BSC.

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} Copyrighted Material
ars ; Syndicated Content
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MONDAY, AUGUST 14, 2006

SEC ION As , ._ i
| = : ae
| 7 | een Mite
asplash |

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a

E-Mail: sports@100jamz.com



B BASKETBALL
By BRENT STUBBS
“ Senior Sports Reporter -

THE Bahamas women’s
national team will return
from the FIBA Americas
Under-20 Championships
having lost all of their
games played.



The team, coached by
Felix ‘Fly’ Musgrove, was

MIAMI HERALD SPORTS

scheduled to return home
on Sunday from the week-

Tough time at FIBA Americas
Under-20 Championships



long tournament in the six-
team field:in Mexico City,





with an 0-5 win-loss record.

ed 114-23 by the United

States on Friday and con-

cluded action on Saturday

with a 91-56 decision to
Puerto Rico.

Their. previous two

- games were against Mexico

' BMAKK RINUWLOS ald Daniel Nestor (pictiredy 10st vo Hie Dryan wrotiiers — ar eae eee,



@ TENNIS
By BRENT STUBBS
Senior Sports Reporter

MARK Knowles and Daniel Nestor
suffered another heartbreaking loss over
the weekend.

This time, it was in Nestor’s home of
Canada, as the duo went down 6-3, 6-7
(6), 10-5 (Match tie-breaker) to the
American combo of twin brothers Bob
and Mike Bryan in the semifinal of the
Rogers Cup in Toronto.

In a highly anticipated showdown
between the top ranked and number

_ four seeded teams, the fans were cheer-
ing wildly for Knowles and Nestor.

However, the boisterous crowd on

centre court at the Rexall Centre were
not enough to’propel Knowles and
Nestor to victory. But they did win the

.first set and seemed poised to avenge

their defeat at the hands of the Bryan
brothers in the semifinal of Wimbledon
in England in June.

However the Bryan brothers were
more determined and they rebounded
to take the next two sets, including the
match tie breaker to advance to the final.

The Bryans went on to post their sec- .

ond Rogers Cup title with a 6-3, 7-5 tri-
umph over the team of Paul Hanley of
Australia and Kevin Ullyett of Zimbab-
we for their fourth consecutive crown
and their 18th straight match.

On their way to the semis, Knowles

Breakfast at Subway...
A Delicious Morning Ritual



crash out in semis

and Nestor knocked off Simon Aspelin

and Todd -Perry 2-6, 6-1, 10-2 and the
team of Gaston Gaudio and Sebastian
Prieto 7-5, 5-7, 10-4.

Knowles and Nestor were going after
their fourth title for the year. They won
in Delray Beach, Florida in January; the

ATP Masters Series in Indian Wells, Cal--

ifornia in March; in Barcelona, Spain in
April and the ATP Masters Series in
Rome, Italy in May.

They also played 1 in the finals of Mar-
seille, France and in Dubai in February
and at the ATP Masters Series in Ham-
burg, Germany in May.

Knowles and Nestor are currently
ranked at No.4 on the Stanford ATP
Doubles Race that is headed by the



Wf

Bryan brothers. While the Bryan roi
ers are tied for first on the Stanford ATP
Doubles rankings as well; Knowles and

‘Nestor are seventh and sixth respective-

ly.
This week, Knowles and Nestor willibe
in Ohio playing in the Western & South-
ern Financial Group Masters in Cinci-
natti where they are seeded No.3. They

‘have earned a bye in the first round.

The Bryans are the top seéds,
followed by Jonas Bjorkman and Max
Mirnyi.

The tournament will lead into the US
Open Grand Slam in Flushing Mead-
ows, New York, starting on August 28.
Knowles and Nestor won the file in
2004.

Mexico where they finished -

The Bahamas were rout- .



(68- 43) on Tuesday and

against Brazil (99-68) on

Wednesday.

The United States went |

on to beat Brazil 96-54 to.’

win} the title. Both teams °

along with Canada, the
third place

finishers,-
advanced to the 2007 FIBA’ ~

U21 World Championship -

for Women in Guatemala
City, Guatemala from July
27 August 5.

In their final loss to

Puerto Rico, the Bahamas -

was out-classed 45-26 from

the field and 30-17 from
e three-point line.
‘However, the Bahamas

held a 60-41 advantage.

from the free throw and

out-rebounded Puerto Rico

if 45- 30.

Scoring

|: While Puerto Rico end-°-
‘ed up with four players.
‘scoring in double digits, the *
‘Bahamas only had one.

Taronya Wildgoose led

ithe attack with a side high
/17 points on 3-of-8 from
_ the field for 38 per cent
: and 11-of-15 from the foul
' line of 73 per cent.

She also pulled down

_ eight rebounds and dished

out two assists.
Delerene Ferguson was

‘ithe Bahamas’ next highest

scorer with eight points

'/and eight rebounds. Alyse
_ | Dean added seven points
_ with five rebounds.

Against the United

quarter and they were
unable to score in double

digits in the other three. :
quarters. |

t

Players

- The United States, fea.

turing a number of division’

one collegiate players, had’. °

seven players scored in
double digits. No Bahami-
an reached that mark.

-Delerene Ferguson led-:-
the Bahamas with eight

points.
Taronya Wildgoose

scored seven and Deandra ..
Williams came through: -.

with six.
The Bahamas was: out-

performed in all facets Pe

the game.

From the field, they shot.”

just 31 per cent, ‘compared
to the United States’ 71.
They fell behind 60-17

and 70-64 from the foul
line.

The United States also
out-rebounded the
Bahamas 19-4.

' States, the Bahamas fell-’.*.
behind 35-2 after the first

- from the three-point line ‘