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:
2008
Frequency:
Daily, except Sunday
daily
normalized irregular
Language:
English
Physical Description:
v. : ill. ; 58 cm.

Subjects

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

Notes

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

Record Information

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

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Full Text
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FOR LENT —*miovin’it.




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Wendy’ s has put a fresh :
| NEW twist on a biscult.



HIGH 84F

LOW | 73F
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— _ SUNNY



Try a Frescult today
with et

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Fatal shootings occur less Defence Force are on ete prea |

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than 90 minutes apart

By PAULG
TURNQUEST
Tribune Staff Reporter
-pturnquest@tribunemedia.net

THE country has recorded
its 14th and 15th murders for
the year with two fatal shoot-
ings occurring on Saturday
morning less than 90 minutes
apart. —

According to police press
liaison Assistant Superinten-
dent Walter Evans, a 24-year-
old male resident of Taylor
Street was at home watching
television while his three-year-
old daughter and his girlfriend
were asleep in the house.

Kicking in the front door at
about 4am, ASP Evans said it
is believed that gunmen
entered the home and opened

- fire, hitting 24-year-old Jacoby

Thurston i in the head area and ©

about the body.

Thurston died at the scene.
His daughter and girlfriend
were unharmed during the
shooting.

The police reported that a
vehicle was heard speeding
away from the area shortly
after the gunshots were ini-
tially heard.

Less than 90 minutes later,
four passengers in a Ford
Explorer were leaving the
Cowpen Road area around
5.20am. i

The female otcupant and

three male passengers were |.

stopped by three masked men
— one of whom it is reported
was armed with a shotgun. All
four passengers were ordered
out of the vehicle and forced
to the ground.

The woman was robbed of
an undetermined amount of

SEE page 12

Grand Bahama records first
_ traffic fatality of the year

SATURDAY morning Grand Bahama recorded its first traffic

fatality for the year.

At about 8.10 am Saturday, Jermaine Anthony Batson, 27, of West
End, was driving his champagne coloured 1993 Honda Accord r/n
43631; east on Queens Highway, reportedly at a fast rate of speed.

_ In the vicinity of Holmes Rock, Batson lost control of his vehicle,
‘careened off the road onto the southern verge and crashed into a

large wooden utility pole.

The vehicle was split in half on impact and Batson, who was the sole
occupant, was ejected, landing some distance away ftom the wreckage.
The vehicle was totally demolished and the utility pole was split near

the top. ,

Batson sustained many severe injuries and was pronounced dead at

the scene by a responding doctor.

At the time of the accident, the weather was good and the road in

that area is in good condition.

As traffic police continue their investigation into this fatal ‘accident,
Chief Superintendent Basil Rahming, urged motorists to obey the
speed limits and to drive with due care and attention at all times.





BAHAMAS EDITION

ee + Fy ~~
eo = Fi 7

2 a x
fo

AF pauls to Rawson Square.

Vy tents Laing to ‘come
OCT Mo wel IC OTIS
duty tax lowering involvement

a aes
@ By PAUL G TURNQUEST
Tribune Staff Reporter

pturnquest@tribunemedia.net

MINISTER of State for
Finance Zhivargo Laing was given
a second chance to “come clean”
on his alleged involvement in the
lowering of a Custom’s.duty tax
for his sister-in-law by PLP St
Thomas More MP Frank Smith
yesterday. |

Warning that he and his par-
liamentary colleagues will com-
ment extensively on the Minister
of State’s report of no wrongdoing
in the House of Assembly today,
Mr Smith en¢eouraged Mr Laing
to “come clean.”

In the House of Assembly last
week Thursday, Mr Laing denied
any wrongdoing in the matter,
which saw the lowering of cus-
tom’s duty on the Brazilian berry
drink from the 45 per cent cus-
toms duty category, to the 10 per

Frank Smith

cent category.

He said that his brother, Tyrone 7
Laing, had telephoned him in Sep- ;

SEE page 12





THE ROYAL Bahamas Defence Force held their annual siurch service yesterday as i mnetohed from

he

The Bahamas ‘has
become transit point
for cocaine shipments

from Venezuela’

By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net’ .

THE Bahamas has in the
past two years become a new
transit point for large cocaine
shipments from Venezuela,
according to the United
States’ 2008 narcotics report:

In the 2008 International
Narcotics Control Strategy
Report (INCSR), released by
the US State Department on
Friday, it was stated that intel-
ligence sources suspect that
multi-tonne cocaine shipments
to the Bahamas and the Turks
and Caicos Islands from
Venezuela and Colombia took
place during 2007.

“However, none of these

SEE page 11

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Police seek the
identity of man
believed to have
hanged himself

POLICE are seeking the pub-
lic’s assistance to identify a per-
son who they believe committed
suicide by hanging himself in a
bushy area near the southern
end of St Augustine’s College

_ over the weekend.

The badly decomposing body,
which was found hanging from.
a tree with a cord around the
neck in the vicinity of Spring-
field Road, is believed to have
been there for “several days.”

According to police press liai-
son officer Walter Evans, the

"actual cause of death will be

determined: upon completion of .
an autopsy. He also reported
that the police have no infor-
mation on the identity of the
victim who he described as
being dressed in a short sleeve
shirt and green trousers.
Anyone who had a male rel-
ative or friend missing is asked
to call 919, 502-9991, 328-TIPS,
or their nearest police station.

~The Bahamas’

_ classification
changed in US

narcotics report

@ By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net

THE United States in its
latest annual narcotics report
has tacitly changed the
Bahamas’ classification from
a major transshipment coun-
try for drugs, to a transship-
ment and drug producing
country.

The US State Department
in its 2008 International Nar-
cotics Control Strategy

| Report INCURS), released
on Friday, found that
domestic drug production in

| the Bahamas is on the rise.

For several years now, the
US State Department has
reported that the Bahamas is
considered neither a signifi-
cant drug producer, nor a
producer of transit point for
drug precursor chemicals.

However, in the 2008
INCSR, the US simply men-
tions that the Bahamas “is
not a producer or transit
point for drug precursor
chemicals.” The “not a sig-
nificant drug producer”

SEE page 12

































PAGE 2, MONDAY, MARCH 3, 2008

_ THE TRIBUNE



Effort to remove oil tanker |

is expected to start today

THE effort to remove the Shell
Oil tanker from where it is
grounded off Goulding Cay, near
the western tip of New Provi-
dence, is expected to start today.

A barge, organised by an inter-
national salvage company, was
expected to arrive in the Bahamas
late last night or in the early
morning hours of today to assist
in removing some of the 120,000
oil barrels from the tanker
“Ficus.”

Port Controller Captain
Anthony Allens told The Tribune
on Friday that without the bar-

rels of oil to weigh it down, it is
thought it will be easier to move
the 44,788-tonne vessel from
where it ran aground on a rocky
underground peninsula near
Goulding Cay on its way to
Clifton Pier last Wednesday.
The vessel’s double hull is still

‘intact and it is not expected that

any of the oil will leak into the
water.
Minister of Labour and Mar-

itime Affairs Dion Foulkes is.

expected to give an official
update on the situation this after-
noon.







Aue

worth of



marijuana seized





in two incidents on Potter’s Cay Dock

@ By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net

POLICE reported two sig-
nificant drug arrests over the

weekend when more than
$160,000 worth of marijuana
was seized in two separate inci-
dents at the Potters Cay Dock.

Yesterday, officers from the

-Drug Enforcement Unit went



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to Potters Cay dock shortly
after 10am where they saw a
vessel, which had just arrived
from Grand Bahama.

Inside a trailer, officers dis-
covered 18 clear packages of
marijuana weighing 156
pounds. The drugs have an
estimated street value of
almost $160,000. No arrests
have been made in connection
with this matter.

On Friday morning, shortly

after 9.30am, officers. again.
‘from the Drug Enforcement

Unit, acting on a tip, went to
Potters Cay Dock where they
saw two’men in a 2001 Toyota
vehicle pull up to a vessel and
collect a box.

As the vehicle drove off, it
was reported that the police
stopped the men, and a search
was carried out. Officers dis-
covered 11 pounds of marijua-
na divided into eight clear plas-
tic packages and one brown
taped package.

In addition to this, police
press liaison officer Walter
Evans reported that the two
men had in their possession a
large sum of cash.

“Police arrested a 45-year-
old New Providence man and a
28-year-old Exuma man in
connection with the matter. It

is likely that both will appear”

in court as early as Monday,
March 3, 2008,” Mr Evans said.

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THE TRIBUNE

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~

MONDAY, MARCH 3, 2008, PAGE 3



Oln brief

Local doctor
is robbed at
knifepoint

m@ By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - A local
doctor was robbed at knife-
point on Saturday while
catching a ride with two men
to Freeport from the Dead-
man’s Reef area.

A 22-year-old Freeport
man, who is believed to be
involved in the incident, was
taken into custody by police
early Sunday morning. A
second man is still at large.

Chief Supt Basil Rah-
ming, press liaison officer,
said a doctor reported to
police that he was robbed
sometime around Spm by
two men who were assisting
him with a ride home.

The doctor told police that
he had dropped his vehicle
off at his mechanic in Dead-
man’s Reef to be repaired.

He got a ride with two
men in a white Buick car
who said they were going
into Freeport.

On arrival in Freeport, he
said the men turned off
through a side corner, where
the driver pulled out a knife
and held him up. He was
robbed of cash and other *
personal items.

He said the culprits then

sped off leaving him standing

in the street.

Supt Rahming said police
launched an island-wide
search for the culprits after
receiving the report.

He said a Central Detec-
tive Unit officer arrested one
of the suspects — a 22-year-
old resident of Cabot Drive

‘— sometime around 1.25am.

on Sunday. The white Buick
believe i to be involved in
the incident was also
impounded by police.

Mr Rahming said officers
are still searching for the sec-
ond suspect.

Police are also investigat-
ing another armed robbery
incident that occurred Satur-
day evening involving a
woman taxi-cab driver who
was robbed by a male pas-
senger.

According to reports, the
woman cab driver was dis-
patched to Guilford Cres-
cent around 7.20pm to col-
lect a fare.

Upon arrival at that loca-
tion, she collected a young
man who asked to be taken
by St John's Jubilee Cathe-
dral on Settlers Way.

When she arrived at that
location, the young man then
told her to take him further
up Settlers Way by the
Church of God Fairfield.

When she arrived there,
he then told her to go further
east on Settlers Way, but she
told him that she was not
going any further.

She told police that the
man suddenly pulled out an
object and held it to her side.
He grabbed a sum of money
from her shirt pocket and
then fled into the bushes.

The cab driver radioed her
dispatcher and reported the
incident.

Mr Rahming said by the
time police units arrived in
the area, the culprit had
already escaped into the sur-
rounding area.

Police are continuing their
investigations.

aie
UU EY
aad R ah
PHONE: 322-2157

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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



@ By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net

WITH the country facing
numerous new economic chal-
lenges, Prime Minister Hubert
Ingraham encouraged South
Floridian businessmen to consid-
er investing in the Bahamas.

Mr Ingraham, who addressed
members of the Latin Builders
Association (LBA) at a luncheon
in Coral Gables on Friday after-
noon, highlighted what the
Bahamas has to offer and encour-
aged those attending to not only
visit the country, but also “to con-
sider opportunities for investment
for our mutual benefit.”

Notwithstanding the Bahamas’
successes in the tourism industry,
the prime minister said that the
impact of the Western Hemi-
sphere Travel Initiative (WHT) —
which requires US citizens to be in
possession of a passport to regain
entry to their country following a
visit to Bahamas — “has been sig-
nificant, curtailing impulse visits to
our islands by many residents of
South Florida.”

“And, the economic down-turn
in the US, the high and increasing
cost of fuel, the sub-prime melt-
down, the resulting impact on the
US housing market, and the fur-
ther weakening of the US dollar
all combine to create new chal-
lenges for us,” he said.

Mr Ingraham told the LBA -

members that the Bahamas is at
this point particularly interested in
attracting international capital
investments in the following areas:

Umbrellas ;
oan Wee

LOCAL NEWS

PM encourages Floridian businessmen
~ to consider investing in the Bahamas



PRIME MINISTER Hubert Ingraham, centre, with executives of the
Latin Builders Association at the organisation's regular luncheon meet-
ing held at the Westin Colonnade Hotel in Coral Gables, Florida on Fri-

day, February 29, 2008.

Tourism resorts; second-homes;
marinas; information and data
processing; assembly and high-
tech industries; ship registration
and ship repair services; manu-
facturing and captive insurance.

The prime minister also spoke
about some of the Bahamas’ new
and upcoming developments,
including projects on Paradise
Island and Baha Mar.

Mr Ingraham told the LBA
members that new investment
opportunities are now also open-
ing up in Grand Bahama.

“The picture is also improving
in Grand Bahama where the fall-
out from two terrible storms in
2004 and 2005 placed a damper
on resort activity. The climate is
now beginning to improve with
the acquisition earlier this year,
of the former Royal Oasis Hotel
in Freeport by the Harcourt
Group of Ireland.

“Additionally, the promise of
considerable resort and residential
development by GINN in West
End, Grand Bahama is creating
new business and employment

opportunities as the site is made ~

ready for development,” he said.

The prime minister pointed out
that interest in resort develop-
ment in the country’s Family
Islands continues to grow.

Mr Ingraham mentioned the
Four Seasons, which presently
operates the Emerald Bay Resort
in Exuma, as well as the upcoming
five-star hotel and residential
development at Baker’s Bay on
Great Guana Cay in the Abacos.

However, the prime minister
emphasised that the Bahamas is
looking to attract environment-
friendly resort developments that
would not be unduly disruptive
to small communities in those
islands.



Cost: $325 per person

Includes transportation, accommodation, meals and tours.

Registration and payment must be made at the BNT
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BIS Photos

PRIME MINISTER Hubert Ingraham delivers the keynote address at the
Latin Builders Association's regular luncheon meeting held at the West-
in Colonnade Hotel in Coral Gables, Florida on Friday, February 29, 2008

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PAGE 4, MONDAY, MARCH 3, 2008

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., LLB.

Published Daily Monday to Saturday

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

TELEPHONES

Publisher/Editor 1972-

Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608



GENERALLY Bahamians are not a disci-
plined people. They do what they want, when
they want and how they want. They slip by with
as much as they can get away with and their
venial sins only become mortal if they are
caught.

Bahamians are concerned about crime and
they want government and the police to put an
immediate stop to it. They forget that they are
the ones who have to get themselves and their
families in line, and adopt a different attitude
towards the petty offender, be he friend, fami-
ly or party stalwart.

They recognise that the only way to stop
crime is to start with the little things — enforc-
ing the law on all fronts no matter how trivial
the transgression. They give lip service to “zero
tolerance”, and will go so far as to agree that it
is a good concept that should be applied to
everyone, except, of course, “my mother’s
favourite son.”

The schools have started to strictly enforce
school rules, and some parents have squealed.
The Defence Force, which unfortunately has
had a questionable record over the years, now
has a Commodore who is committed to raising
standards — and, of course, he is starting with
discipline. Junior officers are regularly subject-
ed:to summary trials for various minor breach-
es. But, apparently, senior officers have been
among my “mother’s favourite sons” and have
slipped by unscathed. Of course, such behaviour
destroys discipline and breaks down respect.

Now forthe first time in the 28zyear history=-=>

of the force a senior officer is to be court mar-

tialled. The fact that he is beinggggurt mar-ayaeeey

tialled does not suggest that he has committed
a serious offence, but apparently under the Act
if any senior officer commits an offence, no
matter how minor, he must face a court martial.
This establishes that no one is above the law,
and the rules are not just there for the ratings.
This is the.only way that Bahamians can start to
learn that rules have been made to be obeyed,
and the law is not to be laughed at. If this can be
established at the top, then the grassroots
offender can no longer point to the top and
say: “If he (the big man) can do it, why can’t I?”

We now have the situation of the Broadcast-
ing Corporation of the Bahamas and the PLP
over their convention broadcast times. And
once again we come face-to-face with the atti-
tude that rules are necessary as long as they
don’t touch “mama’s‘favourite sons.”

For their party’s three-day convention the
Broadcasting Corporation agreed that the par-
ty was to have three free broadcast hours each
night — 11pm was to be the cut off time. The
corporation told the party that if the convention
ran late the party would have to put down a

obcat
LPR

RENTAL STORE

Freeport fax: (242) 352-9348

PLP should set better example



Cy

deposit to pay for it. If they did not need the
extra time, and did not use the deposit, then it
would go towards paying the PLP’s outstanding
debt owed the corporation and by extension
the Bahamian people. The PLP did not take

them up on this offer and, obviously, agreed to

the cut off time of 11pm.

Mr Michael Moss felt as chairman of the cor-
poration he was not at liberty to disclose the
PLP’s indebtedness to the corporation. He left
that to the Prime Minister. However, a PLP
website indicated that it must be a large sum,
because according to Mr Moss the corporation
had only asked for a deposit that would go
towards reducing the debt. Said the website:
“The notion that the PLP had to come up with
$6,000 to get half an hour of additional coverage
and no one being able to make a decision to
extend the time seems ludicrous. In fact, it is
ludicrous that the PLP has to pay for coverage

“at all. The fact is the content of the convention

is a matter of public interest and it should be the
stations that pay the PLP for having the right to
cover it. Not the other way around.”

What presumptuous brass! Based on that
argument, and the fact that ZNS is'the peo-
ple’s station, no one should have. to pay anything
for air time — afterall it’s the people’s own
station, and their opinions are also important.
Certainly that was not the argument that the
PLP would have used when it was the govern-
ment, and the FNM was in opposition, as Mr
Moss reminded the PLP in his letter to the
press.

The PLP were complaining that on the first

night of the party’s convention their keynote

speaker, PLP deputy leader Cynthia Pratt, was
cut off at 11pm. Said the PLP website: “She
was in the middle of her address to the country
at. the PLP’s convention on Wednesday, 20th
February when the publicly-owned broadcasting
station ZNS decided that they had enough of
the PLP and cut the coverage off in the middle
of the speech. Some blamed the PLP for always
running over time.

“But the fault is clearly the station’s; the fact

is she was the keynote speaker, the Deputy:

Leader of one of two major political parties in
the country.”

All the more reason why the PLP should
have set an example to a country trying to intro-
duce “zero tolerance” into its affairs. Having
agreed a contract what right did the PLP have to
expect any special favours?

In fact we were told by the station that Mrs
Pratt was not cut off. The party was running
so late with its programme that the station had
shut down before Mrs Pratt had even got to
the podium.

e We shall return to this subject tomorrow.

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The Lyford Cay Foundations

ACADEMIC SCHOLARSHIPS
Application Is Open

The Lyford Cay Foundations are pleased to announce that -
applications are now being accepted for academic scholarships
for study at the undergraduate, graduate and doctoral levels
at colleges and universities in the U.S., Canada, U.K. and the

Applicants must be Bahamian citizens and pledge to return
to The Bahamas upon graduation.

Please visit our website at www.lyfordcayfoundation.org for
additional information and application forms.

Forms may also be obtained from high school guidance
counselors, The College of The Bahamas Financial Aid Office,
and the Lyford Cay Foundation office. Please address your
application to: The Chairman, Screening Committee.

DEADLINE FOR ALL APPLICATIONS IS MARCH 31, 2008.

The Pied —

Feeney

Pipers of |
The Bahamas

EDITOR, The Tribune.

At the PLP's recent con-
vention the speakers spent
considerable time lamenting
the fact that the FNM have
not implemented their much
ballyhooed National Health

Insurance scheme.

Their intention, if re-elect-
ed in May 2007, was what
amounted to a hostile take

“over of the health care indus-

try.
Promising that no Bahami-
an would have to endure the
hardship of cookouts to raise
money to help defray medical
expenses ever again.

But as Greg Mankiw, pro-
fessor of economics at Har-
vard points out, people in
Britain, where they have had a
form of NHI for 60 years, still
have to raise money for health
care services.

He writes in a recent blog:

“Some people like to think
of health care and education
of basic human rights. Maybe
they are. But they are also
normal goods. That is, the
income elasticity of demand
is positive. It is hard to escape
the conclusion that the right
cost-benefit calculation for
providing the good depends
on the income of the con-
sumer.”

“Achieving both efficiency
and equality in the provision
of these goods is impossible.

We will not be abused




LETTERS

letters@tribunemedia.net



Dealing with this conflict will
provide a major challenge to
the political system in the
years to come.”

Not to be out done, the
FNM appears to-be playing
politics with the NHI now by
saying they are in favour of
such a scheme. Some say they
have to make people believe
they want nationalised health
care as that is the 'political
thing' to do.

Of course many politicians
don't realise that the Pied
Piper of Hamelin was a fairy
tale.

The difference with the
NHI story is adults are being
sold a bill of goods that will
further enslave their children
to an even larger debt load for
the country and the attendant
tax burden.

The Bahamas has endured
the 'political' thing being done
for too long. Just look where it
has led. Failed public educa-

~ tion, failed public health care,

among many other failed pub-
lic institutions and services.
It's high time some eco-
nomic principles were applied
to government services and
that most certainly does not

include nationalising neal
care.

And how might that be
accomplished?

As Nadeem Esmail, of The
Fraser Institute, suggested in
his analysis of the Blue Rib-
bon Commission's plan, the
cleanest solution to the health
care problem is for govern-
ment to mandate that all
working employees buy their
own health care insurance. »

This would leave the unem+
ployed and indigent for the
government to take care of
through a catastrophic health
plan. While as a general prin»
ciple government mandates
are not the best thing for a
free society, it sure beats
nationalising health caré.
Some compare it to the law
that forces drivers to buy veht

cle insurance.

There is no other course
for a viable future.

Unless the PLP or FN
have a wizard in their back
pocket, wiping every tear from
every eye, and creating a

. national health insurance

scheme whereby no Bahamia
will ever have to raise money
to pay for health care services,
or do without services again, 18
a pipe dream. A mere bill of
political goods *
The Nassau Institute
Nassau, ¥
February 28, 2008.

by Florida

- not for an ocean full of dollars’:

EDITOR, The Tribune.

I continue to read Sam Dun-

combe’s plaintiff cries for the
safeguarding of our Bahamas,
particularly its God-given pris-
tine environment.

Our friends from the North
would wish to invade, pollute
and destroy God’s most pre-
cious gift to the Bahamas.

I write to assure her, the Gov-
ernment and all Bahamian
patriots that she’s not a voice
crying in the wilderness.

WE, THE PEOPLE DO

‘CARE!

I agree with Ms Duncombe
that Florida should be looking
at other alternatives to meet its

’ demands for natural gas.

We will not sell our souls and
our children’s patrimony to

- Florida while they preserve

theirs for themselves and their



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. W wwwlyfardcayfoundation.org |

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generations te come. Instead of
passing on to us and our chil-
dren the risk of calamity I sug-
gest to Florida (as I have done

before) that they install their

LNG projects — one on Lake
Okeechobee and another in the
Everglades.

They cherish their natural
reserves as much as we cherish
ours therefore I am certain
Florida will not risk that.

And we need Florida and the
Government of The Bahamas
to understand, appreciate and
respect this. If Mr Pindling were
in charge this could not happen
— no way.

If Florida is serious and if it
respects The Bahamas as
friends.and neighbours it would
understand that The Bahamas
will not be abused by Florida
in this way — not for a fistful,
not for a sky full, not for an




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ocean full of dollars. It makes
no sense. Come on Florida
credit us with commonsense, +
least.

There are some things that
Florida’s money cannot buy:
Our dignity, our integrity ant
our sovereignty are not for salé.
The United States and The

Bahamas enjoy mutual good:

will. e
May that be so for gener
tions to come.

We have no desire to be
invaded nor purchased — aoe
cially by our friends!

February 14, 2008.

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THE TRIBUNE



Kerzner donates $20,000 to Royal (BED BATH & HO!

Bahamas Police Dependants Trust

$140,000 donated to 28 other community-based organisations



ARBORSIDE RESORT at Atlantis presents special Olympics Bahamas with

,000 — Harborside Resort at Atlantis, Vice President and General Manag-
er, Judith Thompson at left presents Basil Christie, National Chairman of
qe Olympics Bahamas, with $5,000 during the ninth annual Kerzner
International Community Service Awards.

“f
‘{ THE children and families
of slain police officers and offi-
cers injured in the line of duty
will benefit significantly from a
$20,000 donation which Kerzn-
‘ar International made to The
Royal Bahamas Police Depen-
dants Trust on Friday during its
ninth annual Community Ser-
vice Awards. Kerzner also
donated an additional $140,000
to 28 local charitable organisa-
fions that have positively affect-
ed the social and moral fabric
of the Bahamian society by
assisting the youth, elderly as
well as the underprivileged.

,, George Markantonis, Presi-
gent/Managing Director of
Kerzner International, said,
“We are delighted on behalf of
‘the 9,500 associates of Kerzner
International and their families
o present this cheque to you.
it’s timely and a worthy cause
‘4nd is part of our commitment
‘to the community. Some $25
million dollars have been put
into the community in various
charities and events since the
initiation of the Community Ser-
vice Awards in 1994.”

“It’s almost a fund that we
wish will never have to be used,
but in the realities of today’s
world that’s not how it works,”
said Mr Markantonis. “And cer-
tainly. the tasks of the police offi-
cers is a major one for every-
one in this community, whether



its residents or citizens of The
Bahamas or tourists. It’s a proud
thing for us to support those
people who day and night are
protecting us...”

Accepting the award on
behalf of The Royal Bahamas

Police Dependants Trust were

Grafton Ifill Sr, former Assis-
tant Commissioner of Police,
and a member of The Royal
Bahamas Police Dependants
Trust along with Dorothy
Phillips, Secretary of The Trust.

“The purpose of this Trust,
which is now a legal entity, is to

provide funds and support for

children and the family of police
officers slain in the line of duty.
Everyone knows what’s hap-

. pening in the world today and

this is a very worthy cause. We
laud people like Kerzner Inter-
national,” Mr Grafton com-
mented while noting that the
funds will be put to good use.
Currently, proceeds donated
to the Trust are used to assist
with the education or school
allowance for some 28 children.
Of that 28, three young persons
are currently receiving assis-
tance while attending universi-
ties in the United States and
Canada. ,
Also making a special pre-
sentation was Harborside
Resort at Atlantis, Vice Presi-

dent and General Manager, °

Judith Thompson who present-

THE BAHAMAS Crisis Centre receives $5,000 during Kerzner’s Com-





munity Service Awards — Sandra Neville, Deputy Director of The
Bahamas Crisis Centre is presented with $5,000 to assist the centre by ,
Harborside Resort at Atlantis, Vice President and General Manager,

Judith Thompson.

E

tor of Kerzner International.

ed Basil Christie, National
Chairman of Special Olympics
Bahamas and Sandra Neville,
Deputy Director of The
Bahamas Crisis Centre with
$5,000 each.

“It is a pleasure to represent
Harborside Resort at Atlantis
and to make this presentation
to you. We certainly feel that
we are partners with Special
Olympic Bahamas and it’s-cer-
tainly a privilege of mine to con-



KERZNER presents the Royal Bahamas Police Dependants Trust with
$20,000 — Pictured from left to right at Kerzner International’s ninth
annual Community Service Awards is Nan Palmer, Chief Operating Offi-
cer of Kerzner International, Dorothy Phillips, Secretary of The Royal
Bahamas Police Dependants Trust, Grafton Ifill Sr, former Assistant
Commissioner of Police and a member of The Royal Bahamas Police
Dependants Trust, with George Markantonis, President/Managing Direc-

PHOTOS: Joshua Yentis/Courtesy of Kerzner International

tinue the tradition that has been
going on for seven years now,”
Ms Thompson commented.
Both organisations thanked
Harborside at Atlantis and
Kerzner International for its
continued assistance over the
years, while pointing out that
they are making notable
progress in their various com-

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PAGE 6, MONDAY, MARCH 3, 2008

THE TRIBUNE



LOCAL NEWS



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Minister of Works and Transport
to open Emerald Coast Subdivision

CABINET ministers, dig-
nitaries, business and com-
munity leaders are expected
to be among more than 150
persons present for the official
opening of Emerald Coast, a

‘$70 million subdivision in

South West Ridge, March 6.
Considered one of the most

significant investments by .

Bahamians on the island of
New Providence in recent his-
tory, Emerald Coast will be
officially opened by Minister
of Works and Transport Earl
Deveaux.

“We are very excited about
this project, not only because

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of the beauty of the setting
with nearly six acres of pre-
served natural wetlands on
the lakefront, but because
every conceivable square inch
from planning to design to
execution is being done by
Bahamians,” said Judy
Munnings Deveaux, chairman
of JEM Real Estate and Pres-
ident, Emerald Coast.

The secure gated commu-
nity consists of 126 lots on 37
acres with a combination of
single family residences and

‘townhomes.

One of its major selling fea-
tures is a pavilion and board-
walk overlooking Lake Kil-
larney with views of the large
interior body of water —
rarely seen by Bahamians
except during a flight — with
its extensive necklace of man-
groves, and the birdlife it
attracts, tall herons, egrets,
numerous species of duck and
the familiar sight of coots and

' gulls. Located on the south

side of JFK Drive, about a
mile and a half inside the mas-
sive South West Ridge area,
Emerald Coast is accessible
by either JFK or Gladstone
Road.

The subdivision was initial-
ly unveiled with a soft open-
ing followed by an open
house of its first model with
30 lots selling in the first
month. Since then, there have
been several additional sales
and home prices that started
at $245,000 have climbed to
$330,000 for a three-bedroom,
two-bath residence with near-
ly 1,600 square feet under
roof, central air conditioning
and nine foot ceilings. Lot
prices start at $90,000. This
official opening will be fol-
lowed by an on-site housing
fair with participating part-
ners including furniture and
appliance stores, financial
institutions, insurance
providers and others March
15.

“Clearly there is a demand

atte:

Earl Deveaux

Judy Munnings



THE SUBDIVISION was initially ‘inveued with a soft opening
followed by an open. house of its first model.

for affordable, high quality
single family and villa resi-
dences in a secure communi-
ty,” said Ms Deveaux, who
began her career in construc-
tion and development with
her late father, Percy
Munnings, and has continued
on her own for more than a
decade, contributing to or
conceiving from start to
move-in the developments of
East Park Estates, Southern
Heights, Twin Lakes, and
Sunset Park.

‘ None, she said, has filled
her with the sense of awe as
Emerald Coast.

“We are immensely proud

of the quality of the work-
manship, the attention to
detail and the feeling of being
part of a community from the
moment you enter the gates
to the time you spend over-
looking Lake Killarney,” she
said.

“I believe we are building
more than bricks and mortar
here, we are creating a safe
haven for Bahamians where

families can thrive, where chil-

dren can ride a bicycle with-
out fear, where you can sit by
the lake and fish hearing only
the silence, where you can
enjoy what we all crave —a
true sense of community.”

WP RR SINE NNwnnqgUHM||||NT MOMMOiHKHWOUHHWHWWWY WP

OWA AMAA ANAASAg\dgygo\§» mn»nI,AMA_A9EPlgoM-__A_-AAGAIM__-_agQOHsFgS MAOMAPAMAFjSFiPFjSidlidSddSiF\SiSild dd NsysiNoaiI

Ww WWM

Lon Minns, winner of

_ Ocean Club’s punctuality
and attendance award
and Pia Rolle, Spa

Human Resources
Manager. PE mae

















he 200+ employees of exclusive, award-winning Mandara

Spa Bahamas Ltd. work tirelessly, devoting their energy,

strength, skills and training to relieving stress, soothing
sore muscles and beautifying the rich, famous and privileged
who visit the One&Only Ocean Club or Atlantis.

Those professionals are part of a fast-growing, booming $40
billion a year global industry that includes 14,000 spas in the US.
alone. To meet the demands of that increasingly sophisticated and
savvy client base, Mandara staff members constantly study and
train, perfecting new treatment options and updating their skills
in order to deliver exceptional service to guests on Paradise Island
seven days a week. In one fantastic instance of employee dedi-
cation, spa employees closed the former Mandara Spa at Royal
Towers at 8pm having served 350 appointments that day, and
opened the new spa at The Cove 12 hours later, having moved
all equipment and supplies in one night. The team opened the
new spa with a smile, serving 300 appointments that first day.
Their hard work and dedication were rewarded during an annual
awards ceremony.

L-R: Sara Maciver,
Ocean Club Spa
Director, Selena
Russell, winner of
Ocean Club Spa
Employee of the
Year Award 2007
and Youlanda
Deveaux, Regiona
Vice President,
Bahamas and
Caribbean.

2

x





QPrard- Donn MWandaca Spa Honows Top Spline





Atlantis

Silena Adderley



Kayla Hall

Shantel Roberts
Mentoring Award:

Nakisha Collie

Mik



And the Winners are:
One&Only Ocean Club

Desiree Chisholm

Most Improved Employee:
Phillippa Newbold

Punctuality and Attendance:
Chanelle McKenzie

Highest Retail Achiever:



Employee of the Year:

Selena Russell

Highest Achiever ~ Award of Excellence:
Carlethia Thurston

Best Appearance and Grooming:
Deshea Micklewhite

Best Guest Service Skills:
Fredrica McPhee

Dawn Coakley

Desra Mason

Lon Minns



The Regional Vice President’s I neprtonal Award:
va Humes

Meredith Culmer










































eee

SOOO MOOS SSF



THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 7



MEME =~. cae
aribbean countries should be

compensated for global warming

@ By Sir Ronald Sanders

| HE Caribbean is a vic-
tim of climate change
caused by larger countries and
yet no attempt is made to com-
pensate the area for the damage
being done to it by the profli-
gate emissions of harmful gases
by larger countries. +
The end of the hurricane sea-
son has always been a time of
relief for the islands of the
région, but it has become even
more so over the last decade as
storms have worsened both in
their intensity and frequency.
All,Caribbean countries,
including mainland territories
such as Belize and Guyana, are
already witnessing coastal flood-
ing and erosion, saline intrusion
into fresh water, changes in
rainfall patterns causing
droughts or floods, and enor-
mous damage to infrastructure.
Yet, it is well known that

small island states around the -

world, account for only 1 per
cent of the global emissions that
are linked by many scientists
and scholarly research to cli-
mate change.

Even when other small devel- .

oping countries are added to
the island territo-
ries, the green-
house emissions
do not increase by
much.

The United

first place with 30

per cent of all the

human-produced

greenhouse emis-

sions to date and
about 20 per cent of the current
yearly totals even though it
makes up only 5 per cent of the
world’s population.

China is very close behind
the US. On a measurement of
head of population its emissions
are much lower than the US but
its rapidly growing economic
activity suggests that by 2025 it
will surpass the US.

In a real sense, the countries
of the Caribbean are paying for

“the abuse by other countries.

_ Tourism is a significant con-
tributor to the economic devel-

opment of many Caribbean

countries bringing in some

US$20 billion in revenues and

employing about a million peo-
le.

Small Caribbean countries,
such as Antigua and Barbuda
and Grenada that are highly
dependent on tourism, know
well that major hurricanes can
destroy years of development
overnight and it takes years and
considerable financial invest-
ment to recover.

The private sector in the
region is particularly challenged
by the effects of climate change.

Hurricanes inevitably affect
hotels.

Located on the coastal areas,
as many of them are, they are
often the first casualties of
storms.

Premiums

Getting them functioning
again is not only a matter of
finding the money to rebuild
the physical infrastructure, it is
also the financial burden of con-
vincing the market place
through advertising and public
relations, that the country and
the property are open and ready
for business.

With insurance companies
raising premiums with each hur-
ricane, and commercial banks
charging high rates of interest
on loans, plus the high cost of
importing material, the cost of
doing business in the Caribbean
becomes increasingly more pro-
hibitive in the face of climate
change.

: rn (e(0) a) ;



This observation is true too ~

for non-tourism business.

Heavy rains and flooding
affect agricultural production
in the small islands and in the
mainland territories.

In Guyana, for instance,
heavy and unseasonable rain-
fall threatens the sugar and rice
industries and makes dry-
weather roads from the interior
dangerous if not impassable.

In turn, this affects the costs
of transportation in critical
areas such as forestry.

What all this adds up to is
that the region becomes less
attractive as an area for doing
business.

The question arises as to
what can be done about it? The
experts call for a programme to
be agreed at a global level that
would compel individual states,
particularly the major users of
fossil fuels to cut down on the
emissions of harmful gases.
Attempts to achieve this have
been lukewarm at best.

Despite the efforts of per-

States remains in.



Sir Ronald San

sons such as the former US Vice
President, Al Gore, with his
book and film, “An Inconve-
nient Truth”, the majority of
people in the industrialised
world have not been moved to
make changes to their lifestyles,
and many large corporations
have shown marked reluctance
to implement measures that
move away from the use of fos-
sil fuels since doing so would

‘erode their profits.

One salvation for small
island states and mainland ter-
ritories with low lying coast-
lands is that climate change is
beginning to affect industri-
alised countries as well.

Emissions

They too have low lying areas
that are threatened by the sea
and by rivers.

In this connection, there
have been efforts by some coun-
tries to curb their harmful prac-
tices.

The State of California in the
United States, for instance, has

CABLE BEACH

Mon.-Fri. 8am-6pm “a
Sat.8:30-5pm Surat

Ph: 327-8862
(Old City Market Bidg.):



introduced legislation to curb
emissions, and China is increas-
ingly using solar power to pro-
vide hot water for domestic use.

So far in the Caribbean, the
focus has been on measures to
mitigate the impact of climate
change.

These measures have been
viewed in the context of what
individual countries could do to
limit the damage caused by dis-
asters and how best they might
try to recover from them.

But, no Caribbean country
has sought to introduce into
trading arrangements the mat-

ter Uf compensation for the

damage being done to the
region by the emissions from
the industrialised countries.

Yet, if the Caribbean is so
low an emitter of harmful car-
bons but is a major victim of
the high emissions of many of
its trading partners, surely a for-
mula could be worked out by
which the Caribbean trades its
low use for meaningful devel-
opment assistance.

No doubt, the trading part-
ners such as the EU, who at 14
per cent, are the third largest
emitter of harmful gases, would
argue that such a discussion
should take place in an inter-
national forum such as the
World Trade Organisation
(WTO) or the Kyoto Protocol.

And, undoubtedly if the
Caribbean were to try to intro-
duce the notion of compensa-
tion for its low emissions and
damage caused by high emit-
ters, there would be consider-
able resistance.

But every journey starts with
a first step.

PRINCE CHARLES
Mon.-Fri. 7am-6pm

Sat. 8:30-6pm

Ph; 324-5476

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And, the Caribbean could
take the first step by introducing
the concept in the African,
Caribbean and Pacific group
and exploring whether, togeth-
er, they might advance the idea
in the international institutions
such as the UN and the WTO.



Responses to ronald-
sanders29@hotmail.com



(The writer is a business exec-
utive and former Caribbean
diplomat)





WAVES are shown pounding against the sandbagged seawall in
Kivalina, Alaska, Thursday, in this September-13, 2007 file photo. The
city of Kivalina and a federally recognised tribe, the Alaska Native vil-
lage of Kivalina, on Tuesday, February 26, 2008, sued Exxon Mobil
Corp. and eight other oil companies, plus 44 power companies and.
one coal company, claiming that the large amounts of greenhouse
gases they emit contribute to ol ohalwaay that threatens the
community’ Ss existence.

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PAGE 8, MONDAY, MARCH 3, 2008

DAIHATSU

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THE TRIBUNE

LOCAL NEWS

Education is in the Click

ON THE BUTTON: Children el forward to the Learning Channel Meee

THE Ministry of Education,
Youth, Sports, and Culture
has announced the broadcast
of its third season of Bahamas
Learning Channel pro-
grammes.

The BLC is a series of edu-
cational television pro-
grammes that are in keeping
with the ministry’s mission to
lead the educational and cul-
tural development of the

Bahamas.

The programmes air on
Cable Community Channel 12

-on Tuesdays and Thursdays

from 4 p.m. to 6 p.m. and on
Saturdays from 10:a.m. to



Ministry announces broadcast
of its third season of Bahamas
Learning Channel programmes

noon. The Bahamas Learn-
ing Channel appeals to a wide
audience as the programmes
have a strong educational
base, are relevant and appro-
priate for teachers, students
and the wider public.

The programmes’ successes
are also due to the fact that
they embrace new ideas and

concepts while utilizing the
latest production technologies.

So if stimulating the brain,
gaining valuable information,
and character development
are what you are interested
in, then remember to tune into
the Bahamas Learning Chan-
nel where ‘Education is in the
Click’.

Ee ) FIDELITY



An entrepreneurial spirit, original thinking, and a passion to succeed.

BEC wishes to advise the public that on
25th March, 2008, it will begin surveying its —
wayleaves which enclose transmission lines from
Tucker Road to Bethel Avenue.

All derelict vehicles, existing encroachments, fences, walls,

structures and other equipment should be removed from
the wayleaves within the next 21 days. Failure to do so will
result in immediate removal of any and all equipment and
structures from the following locations: |

e All that property being BEC wayleave going south
from Tucker Road

e Crossing Celery, Old Cedar and Graham Roads

e West on Derby Road

e Crossing Yellow Elder, Maize and Brown Roads

e Ending at Bethel Avenue



lf you have it, we want you.

We are growing!

Fidelity invites application for the position of:

Senior Human Resources Administrator

Human Resources

Re: Sr. HR Resources Administrator
51 Frederick Street

P.O. Box N-4853

Nassau

F: 328.1108
careers@fidelitybahamas.com

[ABSOLUTELY NO PHONE CALLS]

PROFILE:

e Bachelor's Degree in related area and/or HR Certification

° Proficiency in Advanced Excel, Word, PowerPoint, Access,
Outlook and Internet Explorer

e Ability to work quickly and accurately and cope with
large volumes of work

e Strong interpersonal skills and communication skills

e Facilitation and meeting skills

RESPONSIBILITIES WILL INCLUDE:

e Assists the HR Manager

e Assists with HR duties and research projects

e Assists in the planning and execution of all social /
employee events

e Disseminates internal information to personnel as required

e Composes letters, memos and reports

e Tests, screens and interviews prospective employees

e Handles payroll, benefits, pension and insurance matters

e Provides monthly, quarterly and yearly HR statistics
An attractive compensation package, including a
comprehensive range of employee benefits, is

being offered.

Salary range subject to qualifications and

experience.





THE TRIBUNE



MONDAY, MARCH 3, 2008, PAGE 9

LOCAL NEWS .

Chinese Ambassador's final courtesy call on Governor General







AMBASSADOR OF the Republic of China to The Bahamas, Li Yuanming paid a final courtesy call on
Governor General Arthur D Hanna, on Wednesday, February 27, at Government House. The Chinese



Ambassador officially left the Bahamas on Friday, February 29.

Government to follow ‘reasoned’
approach to crime fighting

@ By MATT MAURA
Bahamas Information
Services

GOVERNMENT will follow
a reasoned, coherent, coordinat-
ed and calculated strategy in the
fight against crime and criminal-
ity in The Bahamas, Minister of
National Security “Tommy”
Turnquest told the House on
Wednesday.

Mr Turnquest said that strate-
gy will include the cooperation
and collaboration between agen-
cies of the Ministry of National
Security, the Royal Bahamas
Police and Defence Forces, the
Department of Immigration, Her
Majesty’s Prison, Parliamentary
Registration Department and the
National Anti-Drug Secretariat.

He said the multi-faceted
approach is a “key element” in
the effort to counter crime and
criminality and the fear of crime
in The Bahamas.

“Consequently, ours is a strat-
egy in which law enforcement
agencies of the Ministry’ of
National Security will also work
hand-in-hand with the Office of
the Attorney-General, Customs
Department and the social min-

“istries such as the Ministry of

Education, Youth, Sports and
~ Culture, Ministry of Health and
Social Development and the
Ministry of Housing and Nation-
al Insurance,” Mr Turnquest
said.

“We cannot claim to have all
of the answers and we will not;
but we would say that our agen-
cies share a common sense of
direction and that there is con-
nectivity in the work they do.”

Addressing members of the
House of Assembly on the Sup-
plementary Appropriation Bills,
Mr Turnquest said crime is an
extremely complex, dangerous
and grave problem that is nega-
tively impacting the country and
is a “core issue in public dis-
course.” He said it is the respon-
sibility of House Members to add
“an authoritative, unbiased, non-
partisan voice” to that public dis-
closure.

He said that, as policymakers,
House Members cannot hear
what they want to hear, under-
stand what they want to under-
stand, in the way they want'to
understand it, misrepresent or
exaggerate the facts — whether
implicit or explicit - or make
“unwarranted statements on the
critical matter of national secu-
rity.”

“This is not the time or place

to argue for systems that were
clearly not accomplishing their

AIR- CONDITIONERS! 1

AIR-CONDITIONERS!
AIR-CONDITIONERS!

mmy Turnquest

objectives and to conclude that
initiatives to build upon and
improve those systems are a
causative factor in the height-
ened crime situation in our coun-
try. Those systems were not
“quick fix’ then and would surely
not be a ‘quick fix’ now,” Mr
Turnquest said.

_ The National Security Minister
said he was referring “specifical-
ly” to comments regarding the
Urban Renewal Programme,
School Policing Initiative and
Tourism Policing. He said the
Royal Bahamas Police Force has
a duty to police the country’s
neighbourhoods, schools and the
tourism industry, a duty they are
“effectively carrying out.”

Mr Turnquest said the Police
have recorded significant accom-
plishments, particularly with
regards to the Neighbourhood
Community Policing Pro-
gramme. He said he met with
representatives of nine commu-
nities in the southeastern Dis-
trict of New Providence.

He said the community leaders
gave an optimistic assessment of
community policing and the
important changes it is bringing
about in their neighbourhoods.
_Mr Turnquest said the commu-
nity leaders spoke positively of
their relationships with Officers
attached to the programme.

“They were also of the opinion
that the Neighbourhood Com-
munity Policing Programme was
sustainable and encouraged such
development,” Mr Turnquest
said. “These were not the voices
or opinions of the Government
or the Neighbourhood Commu-
nity Policing Programme. They
were the voices and opinions of
the leaders of our communities.

“The Police are engaged in
police work. No one, particular-
ly Bahamians, gain anything
when unfocused initiatives are
proffered to score political points

AIR-CONDITIONERS!
AIR-CONDITIONERS!

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or to seek to obscure action that
is making a difference in the fight
against crime and that is improv-
ing the lives of Bahamians. I cer-
tainly do not intend to allow such
matters to detract me from my
critical responsibilities as Minis-
ter of National Security,” Mr
Turnquest added. .

Mr Turnquest said, given the
magnitude of the task of halting
and reversing crime in the coun-
try, “all of us” ought to strive for
an objective understanding of
those factors — social, econom-
ic, moral, ethical and others —
which have made the current
crime situation in The Bahamas
‘virtually inevitable.”

“This understanding should
underpin a remarkable consen-
sus in this Honourable House on
a national and collective



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approach to the crime problem.
Each of us ought to do his or her
part to implement that consen-
sus,” Mr Turnquest added.





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to oversee the management
of the Shoe Village and
Clarks Stores.

Applicant must have retail
management experience.
If interested, please submit
your application to
P.O. Box N 3009
Nassau Bahamas
or fax to 326-0570
or application may also be
hand delivered to
GR Sweeting’s Head Office.





PAGE 10, MONDAY, MARCH 3, 2008

m@ By GLADSTONE
THURSTON
Bahamas Information
Services

FIVE Bahamian Maritime
Cadet Corps students have
completed the three months
sea time required by the Inter-
national Maritime Organisa-
tion for international licensing.

They will be employed at
sea for the next three years
before returning to Holland
Maritime College, Canada to
take their officers’ exams.

The students are Juliana
Rolle, (engineering), Adassia
Woodside (engineering),
Shadya Woods (engineering),
Jaharad Green (navigation),
and Raynaldo Miller (naviga-
tion).

“We are very encouraged,”
said Kamanna Valluri, manag-
ing director and president of
Dockendale Shipping Compa-
ny, a key sponsor of the pro-
gramme.

“We have been giving them
training and after that we have
















_TOWN CENTRE MALL/356-3205
'10am-7pm Monday- Saturday

" ‘TENDER FOR THE PROVISION
OF



PUBLIC RELATIONS, MARKETING
AND ADVERTISING CONSULTANCY
co SERVICES

The Bahamas Electricity Corporation invites
Tenders from eligible bidders for the provision of
Public Relations, Marketing and Advertising
Consultancy Services for the Corporation.























Bidders are required to collect packages from the
AaInIst ation Office, Blue Hill & Tucker Roads,
by contacting :

Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
' March 19, 2008 at 4:00 p.m.
and addressed as follows:



The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Marked:Tender No. 660/08
Public Relations, Marketing and
Advertising Consultancy Services
The Corporation reserves the right to accept or

reject the whole or such part of any Tender the
Corporation deems necessary.






THE TRIBUNE



ii ol. _ oT ee a
PW eV Rea rte(y it
Manager Needed

Bahamian cadets complete sea time

Derek Smith/BIS

BAHAMIAN MARITIME Cadet Corps students who recently completed their initial three-month sea time called
on Kamanna Valluri, managing director and president of Dockendale Shipping Company. Pictured from left
are Dockendale’s crewing administrator Jamaal Smith, Jaharad Greene, Juliana Rolle, Mr Valluri, Adassia
Woodside, Renaldo Miller, and Dudley Martinborough of the Bahamas Maritime Authority.

been sending them to sea on
our ships,” he said. “They are
doing very well. We are going
to continue this kind of finan-
cial assistance and training.”

Dudley Martinborough, of
the Bahamas Maritime
Authority, said they were all
grateful for Dockendale’s assis-
tance as the country develops
its maritime sector.

“Mr Valluri and Dock-
endale have been extremely
good to us,” he said. “We can
always count on them to give
the students a training founda-
tion and the possibilities of jobs
for those who stick with the
programme.

“Most of the students want
to be officers.

“It is a long hard road but if
they stick with it, it is very, very
rewarding. Those who have
stuck with it have made us
proud.”

The Bahamas Maritime
Cadet Corps is a programme
of the Bahamas Maritime
Authority which falls under the
Ministry of Maritime Affairs
and Labour.

It seeks to prepare high
school students of grades 10
through 12 for employment in
the maritime industry.

It is conducted in conjunc-

_ tion with the Ministry of

_ National Security by way of the

‘i | Royal Bahamas Defence Force

and the Ministry of Education.

A training centre is located
at C R Walker Secondary
School, Baillou Hill Road. It
is designed to introduce stu-
dents to the industry at the
entry or basic rating level.

Tenth graders are taught first
aid, coastal navigation, disci-
pline, and vessel husbandry.

Eleventh graders continue
to develop their first year agen-
da with the addition of basic
fire-fighting and practical expo-
sure to life at sea.

Twelfth graders are given
more exposure at sea in addi-
tion to becoming internation-
ally certified by taking the
Standards of Training Certifi-
cation and Watchkeeping
course. This is conducted by
the Bahamas Maritime Train-
ing Institute and held at the
Defence Force base.

The Bahamas ship registry
hasmore than 1,600 vessels with
crew sizes over 2,000 in some
cases, said Mr Martinborough.

“A programme such as this
sensitises students to this vast
potential job market and is the
initial step in qualifying them
for future employment on
ocean- going vessels,” he
said.

For student marine engineer
Woodside, 17, “the experience
was a good one.”

Her three-month stint took

her to Europe, Ireland, UK
and the US.

“T learned a lot,” she said.
“Tt was trying at times. Never-
theless, I would like to stay in
this field and gain more knowl-
edge of it.”

Ms Rolle, 18, encouraged
Bahamians to consider the
maritime industry for career
opportunities.

“We need a lot of Bahamian
engineers in this field,” she
said. “I have had a wonderful
experience working with Dock-
endale.” She was assigned with
Ms Woodside.

“We completed our tasks
and got everything done
although sometimes the seas
were not working with us and
we had trouble with that,” she
said. “I plan to become a chief
engineer.”

Mr Green’s assignment took
him to Colombia, Aruba, and
South Africa.

“Tt was hard work, but it was
a very good experience,” said
the student marine navigator.

As a deck cadet, Mr Miller
who is also studying marine
navigation, saw US ports,
Venezuela, Colombia, Trinidad
and Aruba on his assignment.

“Tt was fun,” he said.

“T learned a lot of stuff I did
not know and I got a lot of
practice on stuff I learned in
school.

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Phone:322-1722 * Fax: 326-7452

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THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 11



LOCAL NEWS

The Bahamas ‘has
become transit point
for cocaine shipments
from Venezuela’

FROM page one

shipments were successfully
| interdicted,” the INCSR stat-
ed.

Prior to 2006, the Bahamas
was described as a transship-
ment point for drugs from

- Colombia. However, in the
INCSR for 2006, the US State
Department noted that multi-
tonne cocaine shipments from
Venezuela are now also
shipped through the
Bahamas.

The INCSR stated that the
Drug Enforcement Agency
(DEA) and Operation

_ Bahamas, Turks and Caicos
Island (OPBAT), estimates

, that there are 12 to 15 major

- Bahamian drug trafficking
organisations.

“During 2007, law enforce-
ment officials identified 34

- suspicious go-fast boats in
Bahamian waters. In addi-

i tion, there were 12 suspect-

‘ed drug smuggling aircraft
detected over Bahamian ter-
ritory. Small amounts of

- drugs were found on individ-

' uals transiting through the

_ international airports in Nas-

‘sau and Grand Bahama

‘Island and the cruise ship

_ ports,” the report said.

The INCSR also reported
that Illegal drugs have been
found in transiting cargo con-
tainers stationed at the port
container facility in Freeport.

“(Bahamian) law enforce-
ment officers have noted that
Haitian traffickers are con-
cealing their drugs in hidden
compartments in wooden-
hulled sailing freighters and
Haitian criminal organisa-
tions are commingling drugs
with illegal migrant smug-
gling,” the report said.

The INCSR further stated
that Bahamian law enforce-
ment officials also identified
shipments of drugs in Hait-
ian sloops and coastal
freighters.

In the report, the US State
Department encouraged the
Bahamian government to
continue its strong commit-
ment to joint counter-nar-
cotics efforts and its coopera-
tive efforts to extradite drug
traffickers to the US.

“Standing up, staffing and
funding its National Drug
Secretariat will greatly assist
the (Bahamian governmen-
t’s) efforts to implement its
2004 National Anti-Drug
Plan. The (US) Embassy is
working with the (Bahamian
government) to implement

regulations banning wooden-
hulled sailing freighters from
Bahamian waters, most of
which originate from ports in
Haiti.

“These freighters are
believed to play a key role in
drug and migrant smuggling
through the Bahamas,” the
report said.

The INCSR also suggested
that to further enhance its
drug control efforts, the
Bahamas should integrate
Creole speakers into the
Drug Enforcement Unit.

The report further recom-
mended that the Bahamas
should work with Haiti’s
national police, whose offi-
cers can be stationed in Great
Inagua in order to develop
information on Haitian drug
traffickers transiting the
Bahamas.

“The (US government)
will urge the (Bahamian gov-
ernment) to further integrate
the RBDF into OPBAT by
placing some of its marine
assets acquired under the
United States Southern Com-
mand’s Enduring Friendship
programme in Freeport and
Great Inagua to provide
OPBAT end-game capabili-
ties in these areas,” the report
said.







TENDER NO. 653/08
INVITATION TO TENDER

PAINTING OF THE ADMINISTRATION
BUILDING
EXTERIOR WALLS, PERIMETER
WALLS, RAILS & GATES
BLUE HILL & TUCKER ROADS







You are invited to bid in competition with others for
the painting of the Administration Building, exterior
walls, perimeter walls, rails and gates located Blue
Hill and Tucker Roads.





Tenders shall be submitted by filling out and com- |
pleting the Form of Tender. Tenders not submitted
using the Form of Tender shall not be considered
bona fide and may be rejected.





Tenders should show the total price to cover the
whole works from start to finish.






All Tenders shall be collected from and returned to
the Executive Office of the Bahamas Electricity
Corporation, Blue Hill and Tucker Roads no Iater |
than Thursday, 13th March, 2008 by 4:00 p.m.








Tenders shall be enclosed in a sealed envelope
bearing no mark by which the sender may be identi-
fied, and addressed to:





The General Manager
Bahamas Electricity Corporation
P. O. Box N-7509
Nassau, Bahamas







and marked: Tender No. 653/08



All enquiries and queries concerning this tender
shall be referred to:
Mr. Dudley Smith at telephone No. 302-1214.

WA OR ie pon lek




CAREER OPPORTUNITY
FINANCIAL CONTROLLER |

ez

MINIMUM QUALIFICATIONS
Chartered Accountant (CA) or Certified
Public Accountant '(CPA) designations with

a minimum of five years experience working
with an international or global organization.

The successful candidate will manage and
direct the, activities of Management
Information Services (MIS, Internal and
External Reporting). Treasury, Accounts
Payable, Accounts Receivable and Quality
Assurance and Methods and liaise with
External Auditors.

ESSENTIAL FUNCTIONS and DUTIES include
but are not limited to:

* Budget preparation: month-end report-
ing, preparation of Balance Sheet, Profit
and Loss. Statement and Cash. flow
Statement.

e Assist with Management monthly reports
which include commentaries on the busi-
ness performances.

« Manage relationship with current lenders
and fulfill periodic reporting requirements.

« Developing policies and procedures

¢« Compliance with established company
policies and procedures, including reviews
of general ledger reconciliations, bank
reconciliations and an adequate system of
internal controls.

e Insurance ( Property and Liability)

° Preparation of Project § Investment
Proposals

¢« Daily Cash Management (Capital and
Recurrent Obligations) and Reporting

¢« Strong communication, analytical and
management skills

e Enthusiastic, positive, “can do” entrepre-
neurial spirit.

Interested professionals may apply to
The Personnel Manager
email : nassauvjobs@yahoo.com
or: P.O. Box N-3218

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PAGE 12, MONDAY, MARCH 3, 2008

THE TRIBUNE





_ The Bahamas’
changed in US narcotics report

‘FROM page one

clause has been dropped.

*On the production and cultivation of drugs
in the Bahamas, the INCSR states that “although
there are no official estimates of marijuana hec-
tarage in the islands, cultivation of marijuana
by Jamaicans is a continuing trend.”

" Was in plant form grown by Jamaican nationals
on remote islands and cays of the Bahamas.
QPBAT (Operation Bahamas, Turks and Caicos
Island) and the RBPF cooperated in identifying,
seizing and destroying the marijuana,” the report
states.

i The INCSR noted that the Bahamas is a major

LOCAL NEWS

classification

transit point for cocaine from South America
bound for both the US and Europe, and for
marijuana from Jamaica.

“Cocaine arrives in the Bahamas via go-fast
boats, small commercial freighters, or small air-
craft from Jamaica, Hispaniola and Venezuela.
According to USG (US government) law
enforcement, sport fishing vessels and pleasure
crafts then transport cocaine from the Bahamas
to Florida, blending into the legitimate vessel
traffic that moves daily between these locations.

“Larger go-fast and sport fishing vessels trans-
port between two to six (metric tonnes of) mar-
yjuana shipments from Jamaica to the Bahamas.
These shipments are then moved to Florida
in the same manner as cocaine,” the INCSR
found.

March 9-16, 2008 - East Street Tabernacle

THEME:

_ GUEST SPEAKERS:

BISHOP DR. BRICE H. THOMPSON
General Presbyter

BISHOP STEVE MADRID
USA Regional Overseer

BISHOP TIMOTHY HARPER
USA Regional Overseer
and SISTER KAREN HARPER

BISHOP CLARENCE WILLIAMS
National Overseer (Turks & Caicos}
BNET 6 METEIPY Le
BISHOP AMOS CARTY, SR.
t ~ ef New York
; and MINISTER DR. RUBY JONES-CARTY

Ministering in sensational song and

, performance will be the Convention Choir
and Praise Team; the Tabernacle Concert
Choir; the Bahamas Public Officers Choir,

& and other Church Choirs and Groups, along

f with the Bahama Brass Band, the Youth

; Brass Band, the Junior Brass Band, and the

; Crusaders Brass Band from the Church of

) God,

| LOGON TO: —
www.cogopbahamas
FOR LIVE WE.

\LK WITH GOD”:

Micah 6:8

National Overseer & Moderator will deliver his
ANNUAL ADDRESS LIVE VIA RADIO :
BAHAMAS

Sunday, March 16th, 2008

Annual Parade & Water Baptismal Service at
the Western Esplanade, follawed by live ZNS
Radio ®& TLV. 13 evening broadcast Service.

Final Message on Convention Theme:
“WALK WITH GOD” will be delivered by
National Overseer, Bishop Dr. Elgarnet B.
Rahming

TOwUDay



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Zany

FROM page one

tember last year to inform him that
the Customs Department had
altered “overnight” an increase in
the Custom’s rate on the Monavie
drink from 10 per cent to 45 per
cent.

Claiming that his brother assert-
ed that someone with a compet-
ing product had used a contact
within the department to change
the rate, Mr Laing said that he
immediately opted to remove him-
self from the matter as it involved
a family member.

However, after hanging up the
telephone, Mr Laing said that he
felt that it was not right for him to

deny looking into the claim sim-
ply because it was brought to his
attention by a family member.

As a result the Minister con-
tacted the secretary of revenue and
had the matter looked into. Noting
that a report was given back to
him that the increase was made to
the customs tariff in mid year, Mr
Laing told his fellow parliamen-
tarians that if a rate is to be
changed it must be done during
the budget exercise.

However, the then Comptroller
of Customs John Rolle wrote a let-
ter stressing that the World Cus-
toms Organization’s rendering of

Two men murdered

FROM page one

cash. However, before the robbers left, they shot one of the
three men in the back of the head. The culprits then fled the area

in a dark coloured vehicle.

The victim was taken to the Princess Margaret Hospital .

where he was listed in serious condition. However, after more
than three hours attempting to save his life, he was pronounced
dead shortly after 9am. The identity of the deceased has yet to

be released by the police.

ASP Walter Evans assured the public that the police have
launched intensive investigations into both of these matters.



the product placed it in the higher

MP encourages Laing

customs bracket. However, this
decision never came through the
Ministry of Finance, Mr Laing said,
and thus the MInistry opted to not
change the rate mid-year.

“JT want to assure this House that

‘I did not at anytime in anyway seek

to give any advantage to any fam-
ily member or anyone in relation
to any product.

“For me the matter was that
there had been a rate change com-
plaint and that the complaint spoke
to the customs department doing
this change what they called
overnight and I had the matter
looked into,” he said.

Noting this response, Mr Smith
questioned if this was the “full
report” that Minister Laing had
promised.

“This opportunity is taken to
publicly ask Minister Laing,
whether his statement in parlia-
ment represents ‘the full report’
which he had promised. This
opportunity is provided before my
colleagues, and I begin comment-
ing in detail on the substance of
his statement to Parliament and
he is encouraged to accept it as
another chance to ‘come clean’,”
Mr Smith said.

Calls for Minister Laing to
respond to Mr Smith claims were
unsuccessful up to press time last
night.



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THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 13

BAHAMAS ELECTRICITY CORPORATION |

KN-7509

TELEPHONE 302-1000



BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
ALL RISKS (BUILDINGS & CONTENTS, PLANT, MACHINERY
& EQUIPMENT INCLUDING SUB-STATION SITES

TENDER NO. 654/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.

Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-

Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
‘Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas
Attention: Mrs. Delmeta Seymour
Marked: Tender No. 654/08
“GENERAL INSURANCES BUILDINGS, PLANT & MACHINERY”
The Corporation reserves the right to accept or reject any or all tenders.
EE Se ee

BAHAMAS ELECTRICITY CORPORATION

~ TENDER FOR THE PROVISION OF GENERAL INSURANCES

PUBLIC & EMPLOYER’S LIABILITY, PERSONAL ACCIDENT
AND PRIVATE CAR & COMMERCIAL VEHICLE

TENDER NO. 655/08

The Bahamas Electricity —— invites tenders from ose bidders for the provision of
general insurances as described above

ee
ue Hill & Tucker Roads by contacting:-

Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

Bahamas Blecticity C
ectricity acaicn
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

Marked: Tender No. 655/08
“GENERAL INSURANCES — PUBLIC & EMPLOYER’S AND VEHICLES”
The Corporation reserves the right to accept or reject any or alltenders.
Be EE er eA oe a ae NE Ren ane TT]
BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
MONEY & FIDELITY

TENDER NO. 656/08

The Bahamas Electricity Corporation invites tenders from nee bidders for the provision of
general insurances as described abo

Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-

Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

Marked: Tender No. 656/08
“GENERAL INSURANCES - MONEY & FIDELITY”

The Corporation reserves the right to accept or reject any or all tenders.

BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
MARINE INSURANCE

TENDER NO. 659/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above :

Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by ee -

Mrs. Delmeta Seymour
Administrative Officer
- Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
_ Fax No. 323-6852

Tenders are to be hand-delivered on or before -
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

_ Marked: Tender No. 659/08
“GENERAL INSURANCES — MARINE INSURANCE
The Corporation reserves the right to accept or reject any or all tenders.
[a
BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
PROFESSIONAL INDEMNITY (DIRECTORS & OFFICERS)

TENDER NO. 657/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.

Bidders are required to collect packages from the Administration
Office, Blue Hill & Tucker Roads by Caaene: -

Mrs. Delmeta Seymour
, Administrative Officer
Blue Hill & Tucker Roads
~-. Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity i
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs, Delmeta Seymour

Marked: Tender No. 657/08
“PROFESSIONAL INDEMNITY DIRECTORS & OFFICERS”

The Corporation reserves the right to accept or reject any or all tenders.

SLL
BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
ELECTRONIC EQUIPMENT& MOBILE RADIOS

TENDER NO. 658/08

The Bahamas aiid Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.

Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-

: Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

Marked: Tender No. 658/08
“GENERAL INSURANCES ELECTRONIC EQUIPMENT & MOBILE RADIOS

The Corporation reserves the right to accept or reject any or all tenders.

r



PAGE 14, MONDAY, MARCH 3, 2008

LOCAL NEWS

THE TRIBUNE



as write as I do feel



22 Piece Sanus

ee Cit:

ge

ne

y , 4 Yy HIS past week in the

Pwd Liberal Party’s con-
vention held at the Wyndham
Nassau Hotel.

I felt that Glenys Hanna
Martin would win the Chair-
man’s position. I was right. She
did. As far as I know, her repu-
tation is clean.

As the first woman in the

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Bahamas to hold that post, she
deserves congratulations.

I was happy to hear that
Mother Cynthia Pratt, former
Deputy Prime Minister of the
Bahamas, won’t be running in
the next general elections.

We all know she did not have
an easy road having to hear
some members of her own par-

ty state publicly that men were .

better suited for the positions
she held.

Being the strong woman she
is, and a fighter, their mouths
have been pinned; and she rode
the waves to victory, rightly or
wrongly, she did it her way.

Mother Pratt also suffered
family embarrassment; the
question is, who has not! When
she is done with politics, she can
continue to save. souls for the
Lord. We all know, the way this
world is going, He can do with
help.

Indecisive

Honestly speaking, the
speeches did not impress me, I
have heard them all before. If
one listened attentively
throughout, the rhythm never
changed.

The notes were the same.

One could have sensed the bit-
terness in the speeches of peo-
ple having lost the general elec-
tion. |.
On the final night! Not even
the devil could havé got me out
of my house. I had to hear what
the former Prime Minister Per-
ry Gladstone Christie had to
say.
I had not realised how much
the PLP had done! My head
began to hurt; the Progressive
Liberal Party having done so
very much, should have won the
election. What went wrong!

The pain in my head wors-
ened. There has to be an expla-
nation! Then over a cup of tea,
the answers filled my brain. Per-
ry Christie all by himself, lost
the election.

1) He was known as a very
indecisive leader.

maleuacut



CUNY Hanna-Martin f



2) Some of his Ministers were

<> ire s

completely out of control — did °

what they liked and seemingly
he was afraid to chastise them
for their actions.

3) Ministers who went con- '

trary, should have been fired
and not been allowed io run in
the elections.

They could have run as inde-
pendents. His allowing them to
run for the party, was a poor
example of politics.

It was a big slap in the face
for well-thinking Bahamians,
especially our young people.
His own people were against it,

but just didn’t have the back-.

bone to tell him to his face that
what he was doing was wrong.
His Christianity background
should have been put into
action for the good of the peo-

ple.

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THE TRIBUNE

pe “Omi ree
Torch Bearers Association

attacks PLP youth wing

THE Torch Bearers Associa-
tion issued a press statement
yesterday criticising the youth
wing.of the Progressive Liberal
Party.

Claiming that the Progressive
Young Liberal was blindly fol-
lowing the same pattern of the
PLP, the Torch Bearers, the
- youth wing of the governing
Free National Movement
(FNM) said that they were baf-
fled at how desperately the
youth party was “grasping at
straws.”

“The youth group seems to
be following the same pattern of
the PLP with their lack of infor-
mation and even would stretch
the truth or distort information
so that it would not resemble
the truth.

“For the information of the

reasonable Bahamians who are
not gullible to believe every-
thing they read, the Ingraham
government is continuing the
youth programme as it is now,
but are exploring other options
going forward.

“The attempt to cloud the
issue is par for the course. But a
wounded political party would
use anyone to spew out their
rhetoric. Bahamians are intel-
ligent, and everyone knows
(Prime Minister) Hubert Ingra-
ham always has been looking
out for the marginalized and the
downtrodden.

“Mr Ingraham has a record
of looking out for the less for-
tunate and otherwise wayward
youth; after all he came from
the poor and can identify with
people who may have the odds

against them,” the statement
read.

The Torch Bearers claimed
that PLP Leader Perry Christie
could not empathize with the
challenges that poor youth are
facing today because he cannot
“identify” with them on this
issue.

Finally, the Association said
that the FNM is not about tear-
ing down, but rather building
the country; and its past record
can speak for itself on this.

“That is why so much empha-
sis is placed on our education
system.

“We in the Torch Bearers
believe that education is the key
to assisting our youth. This is a
preventative method that
equips youth with the tools for
success,” the statement said.

Kerzner donates $20,000 to Royal
Bahamas Police Dependants Trust

FROM page five

munity endeavours. .

Also present at the special
awards ceremony was Nan
Palmer, Chief Operating Officer
of Kerzner International, with
Ed Fields, Kerzner Interna-
tional’s Senior Vice President
of Public Affairs, who, along
with Sandra Eneas, Senior
Director of Public Relations,
and Eula Hamilton, Adminis-

trative Assistant for Public |

Affairs, have driven the Com-
munity Service Awards scheme
since its inception.

Kerzner International’s Com-
munity Service Awards are
divided into ten categories: Arts
and Culture; Education; Social
Community Service; Senior Cit-
izens; Civic Community Service;
Youth Related Services; Sport-

ing, Special Health Services,

The Harborside Award and
Kerzner Outstanding Commu-
nity Service Award.

‘This year’s recipients of
Kerzner International’s Com-
munity Service Award include:

Arts and Culture

Bahamas Dance Theatre

Bahamas National Youth
Choir

Bahamas National Youth
Orchestra

Education

P.A.C.E. Foundation
‘ Hopedale Centre

S.T.R.A.W. Inc. Centre for
Your Women

Social Community Service

Drug Action Service

Bahamas Association for the
Physically Disabled

Crippled Children’s Commit-
tee

Training. Centre for the Dis-
abled

Senor citizens

Persis Rodgers Home for the
Aged

Mary Ingraham Intergenera-
tional Care Centre

Good Samaritan’s Senior Cit-
izens Home

Civic Community Service

Wild Horses of Abaco
Preservation Society (WHOA)

The Mission Foundation

The Bahamas National Pride
Association

Youth Related Services

Bahamas Children’s Emer-
gency Hostel

The Ranfurly Home for Chil-
dren

Big Harvest Community Sun-
day School

Sporting

Bahamas Amateur Cycling
Federation

The Dolphin Swim Club

Bahamas Lawn Tennis Asso-
ciation

Special Health Services

Bahamas Red Cross Centre
for The Deaf

The Bahamas Down’s Syn-
drome Association

Bahamas Infant Stimulation
Programme

REACH (Resources and
Education for Autism and

Related Challenges)

HARBORSIDE

The Bahamas Crisis Centre

Special Olympics

Kerzner, Outstanding Com-
munity Service Award

The Royal Bahamas Police is

Dependants Trust

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PAGE 16, MONDAY, MARCH 3, 2008

THE TRIBUNE



INTERNATIONAL NEWS

Chavez sends tanks, troops to border

Venezuela leader orders closure of government's embassy in Bogota




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mâ„¢ CARACAS, Venezuela

Warning that Colombia could
spark a war, Venezuelan Presi-
dent Hugo Chavez sent tanks
and thousands of troops to the
countries’ border Sunday and
ordered his government’s
embassy in Bogota closed,
according to the Associated
Press.

The leftist leader warned
Colombia’s U.S.-allied govern-
ment that Venezuela will not
permit acts like Saturday’s
killing of top rebel leader Raul
Reyes and 16 other Revolu-
tionary Armed Forces of
Colombia guerrillas at a camp
across the border in Ecuador.

“Mr. Defense Minister, move
10 battalions to the border with
Colombia for me, immediately
— tank battalions, deploy the
air force,” Chavez said during
his weekly TV and radio pro-
gram. “We don’t want war, but
we aren’t going to permit the
U.S. empire, which is the master
(of Colombia) .. . to come to
divide us.’

’ He ordered the Venezuelan
Embassy in Bogota closed and
said all embassy personnel
would be withdrawn. It pushes
already tense relations between
the South American neighbors
to their lowest point yet, with

otentially far-reach effects on
illions of dollars in cross-bor-
der trade.

Though Chavez didn’t say
how many troops he was send-
ing, a Venezuelan battalion tra-
ditionally has some 600 soldiers

‘— meaning some 6,000 could

be headed to the border.

Chavez called the Colombian
government “a terrorist state”
as he sided with the leftist rebels
it has battled for decades, saying
its military “invaded Ecuador,
flagrantly violated Ecuador’s
sovereignty.”

Phone: Caspon Ibe (242)825.2308
| Fox: (242)325-7681



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Neither Colombia’s foreign
minister nor the country’s mili-
tary leadership would comment
on Chavez’s latest move when
pressed by reporters for com-
ment Sunday as they left a
funeral service in Bogota for a
Colombian soldier killed in Sat-
urday’s raid. Speaking in Texas,
U.S. National Security Council
spokesman Gordon Johndroe
said officials were monitoring
the situation. °

“This is an odd reaction by

Venezuela to Colombia’s efforts .

against the FARC, a terrorist
organization that continues to
hold Colombians, Americans
and others hostage,” Johndroe
said, Chavez said he had just
spoken to Ecuadorean Presi-
dent Rafael Correa and that
Ecuador was also sending
troops to its border with Colom-
bia. Chavez said his Ecuadore-
an ally told him that Uribe had
lied and that the rebels were
killed while asleep “in their
pajamas.”

“This is something very seri-
ous. This could be the start of a
war in South America,” Chavez
said. He warned Colombian
President Alvaro Uribe: “If it
occurs to you to do this in
Venezuela, President Uribe, Pll
send some Sukhois” — Russ-
ian warplanes recently bought
by Venezuela.

He called Uribe “a criminal”
accusing him of being a “lap-
dog” of Washington saying
“Dracula’s fangs (are) are cov-
ered in blood.”

The slaying of Reyes and 16
other guerrillas, Chavez said,
“wasn’t any combat. It was a
cowardly murder, all of it cold-
ly calculated.”

“We pay tribute to a true rev-
olutionary, who was Raul
Reyes,” Chavez said, recalling
that he had met rebel in Brazil
in 1995 and calling him a “good
revolutionary.”

“The Colombian government
has become the Israel of Latin

ed on the price of
min the intemational
and is calculated
y using a fixed formula.



Ps -
GLORIA ANH



America,” an agitated Chavez
said, mentioning another coun-
try; that he has criticized for its
military strikes. “We°aren’t
going to permit Colombia to
become the Israel of these
lands. ... Uribe, we aren’t going

‘to permit you.”

‘Someday Colombia will be
freed from the hand of the
(U,S.) empire,” Chavez said.
“We have to liberate Colom-
bia,” he added, saying Colom-
bia’s people will eventually do
away with its government.

Chavez maintains warm rela-
tions with the Colombia’s
largest guerrilla group, the Rev-
olutionary Armed Forces of
Colombia, or FARC, and has
sought to’ play a role as media-
tor in the conflict despite his
growing conflict with Colombi-
a’s government.

Colombia and Venezuela

ve been locked in a diplo-’

matic crisis since November,
when Uribe ended Chavez’s
official role negotiating a pro-
posed hostages-for-prisoners
swap. Nevertheless, the FARC
freed four hostages to Venezue-
lan officials last week, and they
weré reunited with their fami-
lieS in Caracas. It was the sec-
ond unilateral release by the
FARC this year.

havez has recently angered
Uribe by urging world leaders
to classify the leftist rebels as
“insurgents” rather than “ter-
rorists.”

The FARC has proposed
trading some 40 remaining high-
value captives, including former
Colombian presidential candi-
date Ingrid Betancourt and
three U.S. defense contractors;
for hundreds of imprisoned
guerrillas. In Ecuador, army
Gen, Fabian Narvaez told T
Associated Press that soldie
had found the bodies of 1:
rebels and that soldiers planne
to hand the bodies over t
Ecuadorean officials, who will
sonauct forensic exams.

Senior commander
of Colombia's
ouerrillas killed

MBOGOTA, Colombia

Troops killed a senior com-
mander of Colombia’s largest
rebel army in an air-and-grouné
raid Saturday, as the U.S.
backed military dealt a stunnin
setHack to the nation’s lefti
insurgency.

Raul Reyes was the officia
spokesman for the Revolution
ary Armed Forces of Colombia
and,considered a possible suc
cessor to the leftist group *s Noy
1 spot. The United States had
offered a $5 million reward for
his capture.

Reyes, 59, died in combat ing

aR

£3 Eis

Er:

air strikes in neighborin
Ecuador, Defense Ministe
Juan Manuel Santos told a news
conference.

“This is the strongest blow:
dealt to the terrorist group to
date,” Santos said.

There was no intediate
reaction from the FARC. y

Santos said ‘the military
tracked Reyes’ location through
an informant. The air force
bombed a camp on Colombia’s
side of the border where he was
thought be, but as ground
troops moved in, they came
under attack from another
camp across the frontier. Reyes -
was found dead in the base in
Ecuador.









"MONDAY, MARCH 3.

2008

ae’ in “Arawak

Colinalmperial.

Confidence For !i’



| Bahamas must ‘nail
down rules of game’

‘ @ By NEIL HARTNELL * Trade chair says this

Tribune Business Editor most prudent course

A he ; THE Trade Commission is * Commission aims to

trying to wrap-up meetings : ‘
with ali Bahamian services finish consultations
- ae oe a * Freeport Container Port owner third to express interest to government erin ue nee _ on EPA by March-end,
ribune Business Editor ita hate fens, Gina's . i i
=~ * Minister says initial indications are that Arawak Cay option to cost $175m (EPA) with the European _ id Apr offer set
Hutchison : ‘thin (Whampon is and could be operational within six months of construction start its chairman telling The Tri. * Caribbean Basin Initiative

the third party
to show interest
in financing and
constructing
new commer-
cial. shipping



* Full build-out to take 18 months, with companies indicating 10 years at Arawak
Cay enough time to see investment return and consider other options

“* Harbour dredging to provide fill for Woodes Rogers Wharf, Arawak Cay extensions

that all three proposals would

bune it was “prudent to try
and nail down the rules of the
game” on this nation’s global
trade relationships.

John Delaney, who is also managing partner at law firm Hig-
gs & Johnson, said the Bahamas had until “some point in
April, probably mid-April” to submit a commitment schedule

focus to start in June

facilities for Devoe of works and transport, con- ing the Nassau-based shippers. t schedu
Nassau at : firmed to The Tribune: “We’ve “The indications are that “make available an opportu- on the 116, or 75 per cent of 155, services sectors that it will lib-
Arawak Cay, had expressions of interest either of these three partici- nity for shares to be bought by eralise — to some degree — for the EPA.

The Tribune can reveal, with
indications that such a port
would cost $175 million to con-
struct and be operational with-
in six months.

Dr Earl Deveaux, minister

from three parties — the
Hutchison Whampoa group,
Mediterranean Shipping Com-
pany, and we also got an
expression of interest from

‘Tropical Shipping, represent-

pants are prepared to build
and manage a container port,

_ and provide an opportunity for

private sector participation.”
Private sector participation,
Dr Deveaux explained, meant

the public in the company that
owns the [Arawak Cay] port”.
Any company established to

SEE page 4B

Government eyes outsourcing of car inspections

@ By NEIL HARTNELL
Tribune Business Editor

THE Government is explor-
ing whether to outsource the
annual vehicle licensing and

inspection process to estab- »

lished car dealerships, part of a
wider objective to make the
whole. process and that of using
the roads “more user-friend-
ly”.

Dr Earl Deveaux, minister
‘of Works-atd transport, told
The Tribune that his ministry

Move aims to make process ‘more user-friendly’

and the Road Traffic Depart-
ment were “exploring a num-
ber of options”, some of which
would require amendments to
the Road Traffic Act and its
accompanying regulations.
One amendment being con-

‘sidered, Dr Deveaux revealed,

was a proposal to outsource
the vehicle licensing and

inspection process to major car ~

dealerships and repair shops,

Sir Jack: ’ll urge court end
if St Georges sell to Fleming

@ By NEIL HARTNELL
Tribune Business Editor

SIR Jack Hayward has
offered to use his influence
with key companies in the
Grand Bahama Port Authori-
ty (GBPA) structure and per-
suade them to drop litigation
over his claim to 75 per cent
ownership, provided that the
late Edward St George’s estate
agrees to sell its shares to
Fleming Family & Partners.

The offer is contained in a
February 21, 2008, letter from
Charles Mackay, Sir Jack’s
attorney, to the estate’s attor-

Sponsored by . ~
GNMC

o
Drive a Honda Fit and get up to
40 miles per gallon



ney, Fred Smith. The letter is a
reply to the St George estate’s
‘open offer’ to the Hayward
family trusts, their trustees and
all the defendants to settle the
deeply damaging legal batter
over the GBPA’s ownership,

_which has contributed to the

stalled.state of Freeport’s econ-
omy.

In his letter, Mr Mackay says
on Sir Jack’s behalf that his
client’s claim to 75 per cent

GBPA ownership,, which _

Supreme Court Justice Anita
Allen ruled against, finding
that the split with the St
Georgé estate was 50/50, ought
to be re-tried on the grounds
that Sir Jack was not there at
the original trial due to ill-
health.

Sir Jack, along with the.two
key companies in the GBPA
ownership structure, Fiduciary
Management Services (FMS)
and Intercontinental Diversi-
fied Corporation (IDC), have
all filed appeals against Justice
Allen’s ruling with the Court of

- Appeal.

Yet Mr Mackay added in his
letter: “Our client would, how-

“ever, press the companies of

which he is a director to com-
promise [the ownership action]
(and all appeals therefrom) if
your clients agree to sell their
shareholding to Fleming Fam-
ily & Partners.

“Our client, as director, feels
that this is the best option for
the companies and Freeport
going forward; investment, and
not the paying out of divi-
dends, is what Freeport needs
at this time.”

SEE page 8B

such as Automotive and Indus-
trial Distributors (AID), Nas-
sau Motor Company, Quality
Auto and Friendly Ford.

This way, Bahamian compa-
nies and residents could “use
any of the established car deal-
erships as a place where you
could have your vehicle
inspected”, Dr Deveaux said.

~~He explained that this would:

ease the burden imposed: on

the Road Traffic Department
every month, especially in New
Providence, to licence and
inspect all vehicle at one of its
two locations.

Creating multiple locations |

for the licensing and inspec-
tion of vehicles would also
improve efficiency in reducing
the volume’ of traffic at
Thompson Boulevard and
West Bay Street, enabling

SEE page 8B

Exuma

THE DAVIS FAMILY



“Colinalmperial.

Confidence For Life

sAbdco «Freeport

The Trade Commission chairman said the organisation
had already met with the insurance industry and Associa-
tion of International Banks and Trust Companies (AIBT)
on the EPA, and were hoping to meet with other services
industry organisations such as the Clearing Banks Association,
Bahamas Bar Association and the Bahamas Institute of Char-
tered Accountants (BICA)..

“We’re trying to meet with all the sectors, and hope to do
so in the next four weeks. The Boal is by the end of March,”
Mr Delaney said..

“As far as the Trade Commission ; is concerned, it is impor-
tant to give everybody an opportunity to understand what the
EPA is all about, and to get their comments. We see that as
part of our remit, so we’re going to do the best we can in the
very limited time in which we have to work.”

The EPA will be the first rules-based, two-way reciprocal
international trade regime the Bahamas has ever entered.
Many believe that it will bring opportunities for existing and
potential Bahamian exporters, as well as challenges for certain
aspects of this nation’s economy, particularly those sectors that
have been protected from global competition.

Mr Delaney said: “Opportunities and challenges are pret-
ty much the way life is. We have to understand the world has
not remained static on matters of trade. Ever since the mid-
1990s, things have become more and more dynamic on mat-
ters pertaining to trade.” ’

He’ ‘added that’ the @pgwouo = 7p
Bahamas was the only nation SEE page 6B

Cayman

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PAGE 2B, MONDAY, MARCH 3, 2008

THE TRIBUNE







fi By Royal Fidelity Capital
Markets

THE trading week started
off on a slow note, but picked
up some momentum towards
the end of last week witha
total of 81,300 shares chang-
ing hands. Ten of the 19 listed

companies traded during the
week, three advancing, three
declining and four remaining
unchanged.
Commonwealth Bank
(CBL) was both the volume
and loss leader in the week,
with 28,940 shares trading. Its
share price declined by $0.54 to

OVAL FIDELITY MARKET WRAP

close the week at $6.96.
Leading the advance in the
week was Cable Bahamas
(CAB), with its share price
increasing by $0.90.on a vol-
ume of 15,200 shares traded.
It closed at a new 52-week high
of $13.60. Other issuers expe-
riencing new 52-week highs in

Bahamas Agricultural & Industrial Corporation

Presents
Its
NEW PROVIDENCE |

COCONUT CRAFT TRAINING PROGRAM

x

Date: March 10-26, 2008 (excluding 14)
Venue: Auditorium, Bahamas Academy

High School

Name:
Address:

Tel:

|
i



Age range:

Time: 6:00 - 10:00 p.m.
Location: Wulff Road (opposite Bamboo

Chicken Shack)

Application Form

P. 0. Box:
Email:

_ Fax:

Ounder15 061-25 026-40 041-60 061-70 971 and over

Employment Status: O Employed Government Private = Self-employed
O Unemployed |

ADMINISTRATIVE FE

Tel: 322-3740-3

HELERK ERK AREY

Contact:

E: $100.00 (EXCLUDING MATERIALS}

LaKeisha Thompson or Sharae Collie .
HANDICRAFT DEVELOPMENT/MARKETING DEPARTMENTS - B AIC
Fax: 322-2123/328-6542 _





the week were Abaco Markets
(AML) and FamGuard Cor-
poration (FAM), rising by
$0.17 and $0.06 to close at
$1.90 and $7.85 respectively.

The FINDEX declined by
9.23 points or 1 per cent week-
over-week to close at 913.43.
Year-to-date, the FINDEX is
down by 4.05 per cent.

COMPANY NEWS

Earnings Releases:

Bank of the Bahamas
(BOB) released financial
results for the quarter ended
December 31, 2007, showing
net income of $3.1 million for

_ the quarter compared to $2.4
million in the comparable

quarter in 2006. This was an
increase of $768,000 or 32 per
cent.

Net interest income (after
provisions) increased by $1.4
million quarter-over-quarter
(QoQ), totalling $7.1 million.

Non-interest expenses
increased slightly by $288,000
QoQ, contributing to the pos-
itive results.

For the six months ended
December 31, 2007, net
income was up by $1.1 million
or 21 per cent from the amount
reported in the prior year, pri-
marily due to higher interest
margins.

BOB’s total assets increased
by $18.4 million from the
amount reported at year-end,
totalling $676.6 million. The
bank’s management indicated
it was steadily moving towards
its targeted milestone of $1 bil-
lion in total assets.

Total investments, loans and
advances to customers (net) of
$528.2 million increased by
$13.4 million during the six-
month period. Likewise, total
liabilities of $583.7 million also
increased by $21.2 million,
partly due to higher customer

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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



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The Bahamian Stock Market

FINDEX 913.43 YTD (4.05%)

BISX
SYMBOL PRICE

AML $1.90
BBL $0.99
BOB $9.61
BPF $11.80
BSL $14.60
BWL $3.66
CAB $13.60
CBL $6.96
CHL $3.14
CIB $13.99
CWCB $4.26
DHS $2.45
FAM $7.85
FBB $2.60
FCC $0.74
FCL $5.15
FIN $13.00
ICD $7.25
JSJ $12.30
PRE $10.00

$0.17
$

DIVIDEND/AGM NOTES:

CLOSING CHANGE VOLUME YTD PRICE

CHANGE

14.46%
16.47%
0.00%
0.00%
0.00%
0.00%
12.86%
-17.44%
-0.32%
-4.79%
-15.48%
4.26%
9.03%
-1.89%
-3.90%
-0.58%
0.08%
0.00%
11.82%
0.00%

12,670
0

¢ BBL has declared a special dividend of $0.02 per share,
with $0.01 already paid on December 31, 2007, and $0.01
being payable on March 31, 2008, to all shareholders of record

date December 21, 2007.

e CBL has declared a special dividend of $0.06 per share,
payable on April 30, 2008, to all shareholders of record date

April 15, 2008. _

¢ CWCB has declared a dividend of $0.013 per share,
payable on May 7, 2008, to all shareholders of record date

March 31, 2008.

e FIN has declared a dividend of $0.13 per share, payable on
March 13, 2008, to all shareholders of record date March 5,
2008. FIN will hold its Annual General Meeting on March 13,
2008, at 6.30pm at the British Colonial Hilton, Bay Street, Nas-

sau, Bahamas.

deposits, which increased by
$8.4 million in the period.

BOB’s net cash flows,
despite being down in com-
parison to the prior year,
totalled a positive $4 million
for the period.

INVESTOR CORNER

Budgeting

Budgeting refers to the
process of matching income
against expenses, with the
objective of having the former
cover the latter.

While the idea of budgeting
may same tedious, it is an
important tool for financial
planning and ensuring that
funds are being used in the way
that one wants it to be used.
The process consists of three
general steps - identify what's
coming in, identify what's
going out and devising a plan
to track inflows and outflows.
Some.-key things to bear in
mind when budgeting include:

COMMONWEALTH OF THE BAHAMAS

IN THE SUPREME COURT

Common Law and Equity Division



1) Watching for leakages or
unplanned spending, such as
ATM drawings that seem to
disappear without explanation.

2) Don't spend more than
you earn, or like the common
adage advises: "Don't hang
your basket higher than you
could reach.”

3) Know the difference
between luxuries and necessi-
ties, making an attempt to lim-

it the former as much as possi-

ble.

4) As your income rises, try

not to let expenses increase at»:
the same rate. Put any addi- .
tional income aside for savings’

and investing.

5) Build a savings plan into
your budget.

Consistent and effective

budgeting will put one on track
to a sound financial future.

2003/CLE/qui/00931

NOTICE

THE QUIETING TITLES ACT, 1959 (Chapter 393)

The Petition of Simon F. B. Rodehn of Harrold
Road in the Western District of the Island of New
Providence one of the Islands of the Commonwealth
of The Bahamas in respect of:

ALL THOSE THREE pieces parcels or tracts of
land containing an area by survey of 7.712 acres,
8.229 acres and 1.704 acres respectively situate
South of Harrold Road in the Western District of
the Island of New Providence one of the Islands
of the Commonwealth of The Bahamas

The Petitioner, Simon F. B. Rodehn, claims to be the owner
of the fee simple estate in possession of those pieces parcels
‘or tracts of land hereinbefore described and the Petitioner
has made application to the Supreme Court of the
Commonwealth of The Bahamas under Section 3 of The
Quieting Titles Act, 1959, to have his title to the said land
investigated and the nature and extent thereof determined
and declared in a Certificate of Title to be granted by the
Court in accordance with the provisions of the said Act.

Copies of the filed Plans may be inspected during

normal office hours at:

(a) The Registry of the Supreme Court, Ansbacher House,
East Street North, Nassau, Bahamas

(b) The Chambers of Michael W. Horton, Arianna House,
Dunmore Lane, Nassau, Bahamas.

NOTICE is hereby given that any person or persons having
Dower or right to Dower or any Adverse Claim not
recognized in the Petition shall within Thirty (30) days after
the appearance of the Notice herein file in the Registry of
the Supreme Court in the City of Nassau aforesaid and serve
on the Petitioner or the undersigned a Statement of Claim
in the prescribed form verified by an Affidavit to be filed
therewith. Failure of any such person or persons to file and
serve a Statement of Claim and the requisite documents on
or before the 30th day after the last day on which this Notice
appears in the newspapers will operate as a bar to such

claim.

MICHAEL W. HORTON
Attorney for the Petitioner
Chambers,
Arianna House,
Dunmore Lane,
Nassau, Bahamas



er

OE EAN ERIN Oi RTE ORR Sa Sinn EET lid SIN ali INR ab LS PE HON tars



A A A A OO A SR ET AE RAR. MA SP Nh I li A tt ACER seca enon



THE TRIBUNE.

MONDAY, MARCH 3, 2008, PAGE 3B



hme =. aaa eee
Bahamian law already

meets US beneficial
owner registry demand

@ By NEIL HARTNELL
Tribune Business Editor

BAHAMIAN legislation
already requires that the ben-
eficial owners of entities
licensed to do financial services
business from this jurisdiction
are known to the relevant reg-
ulators, the minister of state
for finance told The Tribune,
thus meeting US demands.

The US State Department,
in its International Narcotics
Control Strategy Report
released on Friday, called on
the Bahamas to “ensure that
there is a registry of the bene-
ficial owners of all entities
licensed in its offshore financial
centre”.

To many in the Bahamian
financial services industry, this
demand is likely to seem eeri-
ly similar to requests several
years ago from the Organisa-
tion for Economic Co-Opera-
tion and Development
(OECD) that this nation keep
a single list of the beneficial
owners of all entities and cor-
porate vehicles domiciled in
this nation.

Apart from adding to the
costs of such an undertaking,
the OECD initiative also con-
fused trust beneficiaries and
settlors as being beneficial
owners, when in fact the assets
are under the control of
trustees.

Had the Bahamas consented
to OECD demands, it is likely
that its private wealth man-
agement reputation would
have taken a serious battering
from which it may never have
recovered, which is why US
demands are likely to be resist-
ed.

Zhivargo Laing, minister of .
state. for finance, said.the,

Bahamian financial regulato-



Zhivargo Laing

ry system, while not maintain-
ing the single list of beneficial
owners demanded by the State
Department, still met interna-
tional standards as all super-
visory bodies held — or were
able to get access to — benefi-
cial ownership information.
Speaking to The Tribune
from Miami, he said: “I’m not
quite certain what they would
mean by a registry of beneficial
owners, but I know the regu-

lators — especially in the finan- —

cial services sector — require
for the identities of beneficial
owners and directors to be
known to them. That is some-
thing in place today.

“It is not possible to make

an application for an entity to’

be licensed to do business in
the private sector without the
regulators having the required
information as to who the ben-
eficial owners of that entity are
and who the directors are.

“T don’t know if there is
some specific facility in terms
of a registry that they are look-
ing for, but if the aim is to

‘know who the customers of

our financial services sector
are, the wherewithal exists in
our present set-up.”

The US State Department
also urged the Bahamas to
adopt its National Strategy on
the Prevention of Money

; Sponsored by:
Prince Lock and Key Company Limited

«

Laundering as a way to boost
its anti-money laundering and
terror financing defences.

In response, Mr Laing said
he could not gave a precise
date on when the Strategy
would be implemented, but
said the Financial Intelligence
Unit (FIU) had been “very
focused” and was “working
diligently” to cause it to hap-
pen. Consultation had already
taken place with a wide variety
of financial industry associa-
tions and professionals.

The US State Department
added: “The Bahamas should
also provide adequate
resources to its law enforce-
ment, prosecutorial and judi-
cial entities to ensure that
investigations and prosecutions
are satisfactorily completed
and requests for international
cooperation are efficiently
processed. The Government
of the Bahamas should become
a party to the UN Convention
against Transnational Organ-
ised Crime, the UN Conven-
tion against Corruption, and
the Inter-American Conven-
tion against Terrorism.”

The US said the Bahamas’
strengthened anti-money laun-
dering laws had made it diffi-
cult for drug traffickers to laun-
der large deposits through the
conventional banking system,
forcing them to turn to securi-
ty vaults in safe houses, real
estate, large vehicles and jew-
ellery.

In 2006, some eight asset
restraints happened as a result
of suspicious transactions
reports (STRs), the US State
Department reported, finding
that one resulted in the
Supreme Court freezing some
$2 million. And some $7.8 mil-
lion in cash or other assets
were seized in or frozen.







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LIBBY’S
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PAGE 4B, MONDAY, MARCH 3, 2008

THE TRIBUNE





Hutchison in Arawak
Cay port plan offer

FROM page 1B

own and manage an Arawak
Cay port would earn income
from leasing space to each of
the existing shipping compa-
nies, in addition to a through-
put fee tied to container vol-
ume, dockage and wharfage
fees. This would make it com-
mercially viable as an entity.
Dr Deveaux’s comments





Qualifications:

Management



March 15, 2008.

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e Experience organizing team work
e Analytical skills for Direction.

¢ Fully trained in Tour Tek Computer System
¢ Strong Accounting knowledge.

e Fluent Spanish is an asset.

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Only serious applicant will be considered.

Send the resume to P.O.Box: EE-16319 before

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appear to indicate that the
Government is close to decid-
ing on Arawak Cay as the pre-
ferred location for relocating
downtown Bay Street’s com-
mercial shipping facilities to, a
consensus having been reached
that this is a key first step in
revitalizing the city of Nassau.

While the Government has
received only a written pro-
posal from Tropical Shipping
to date, Dr Deveaux saying













DR. KEN KNOWLES « BAHAMAS OPTICAL

PATIENTS

PLEASE NOTE ALL MEDICAL RECORDS ARE BEING RELOCATED TO:

SAM B. MIKHAEL wo. rrcsc
OPHTHALMOLOGIST

EYE WORLD

SOLDIER ROAD
NEXT TO NEW LOWE’S PHARMACY

393-8222

THE OFFICES OF K.W. KNOWLES M.D. ARE NOW CLOSED PER




that Hutchison Whampoa and
MSC were not expected to
submit theirs “for a few weeks
yet”, a major factor for the
Government in deciding upon
the port relocation will be that
it does not have to fund it with
any taxpayer dollars.

Dr Deveaux confirmed this,
telling The Tribune: “The only
decision we have taken is that
we would like the shipping
containers removed from
downtown by the end of the
year.

“We have seen Arawak Cay,
and had expressions.of interest
from three parties that Arawak
Cay is a feasible alternative
over the next 10 years. They’re
prepared to fund it. All they’ve
asked of government is for an
opportunity to review the stud-
ies and for us to provide 50
acres of land on Gladstone
Road to hold the containers.”

While construction work on
an Arawak Cay port would
take an estimated 18 months
to complete from start to fin-
ish, Dr Deveaux said all three
parties had indicated the facil-
ity could be operational within
six months of building work
beginning.

“They [the shipping compa-
nies] indicated they could be
open within six months, but
that total completion time
would be 18 months,” Dr
Deveaux said of construction.

“They’ve all told us they’d








_CHINA GOVERNMENT SCHOLARSHIP
ANNOUNCEMENT FOR ACADEMIC YEAR 2008

The Ministry of Foreign Affairs announces that applications for one Chinese
Government Scholarship, for the 2009 academic year are now being accepted.

Application Requirements

The following items should be submitted to the Ministry of Foreign Affairs in

Triplicate for processing:-

1. Original Application Form for Foreign Students Scholarship
2. Physical Examination Record for Foreigners
3. Two (2) letters of recommendation from professors
4. Copy of Diploma of most advanced studies
5. Copy of academic record, report/transcript

N.B. Applicants must qualify for admission in Chinese University before award
is granted. Preferences of Chinese University must be included on application
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Applicants must provide proof of qualifications by providing the original certificate
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Benefits:

1. Full Scholarship including tuition, room and board, healthcare, textbooks and

living expenses.

2. One year Chinese Language Proficiency Studies (Beijing University of Language

and Chinese Culture).

Deadline for submission of applications is 14th March 2007. Applications are
available at the Technical Assistance Division, Ministry of Foreign Affairs,
Goodman’s Bay Cooperate Centre. Additional information can be obtained by
contacting the Ministry of Foreigr. Affairs at telephone number 356-5956/9 or
by e-mail to technicalassista1ce@mfabahamas.org











like to see something for a
minimum of 10 years. It would
give them ample time for a
return on investment and to
look at long-term options —
remaining there or going else-
where. This is the best possible

short-run solution for all con-.

cerned. .

“They can have it done,
completed and operational in a
very short time.”

When it came to the Arawak
Cay facility’s costs, Dr
Deveaux told The Tribune:
“The preliminary numbers
came in at around $175 mil-
lion just to construct, which
compares to the $400 million
[for the south-west port pro-
posed by the former Christie
administration], other things
being equal. Both numbers are
subject to change.”

The report on the south-west
port relocation, produced by
Dutch consultants Ecorys-
Lievense, pegged construction
costs at about $235 million, but
Dr Deveaux said alternative
locations to Arawak Cay
would “require considerable
bulkheading or inland dredg-
ing”.

The minister said any
Arawak Cay port would have
to account for the specific
requirements of different ship-
ping agencies. For instance,
some ships were front-loaded
while others were stern loaded,
while space had to be provided
for storage, break-bulk facili-
ties, and the Customs Depart-
ment,

Dr Deveaux said Betty K
Agencies had their own dedi-

Clan

- For the stories

behind the news,
read Insight
on Mondays



cated warehouse and dealt
with a significant amount of
break-bulk cargo, while many
ships at Seaboard Marine
berthed perpendicular to the

* dock.

As a result, Seaboard
Marine’s clients would have to
be accommodated by a dock
going eastwards from Arawak
Cay, or otherwise they would
take up too much space in Nas-
sau Harbour and block other
shipping.

The Arawak Cay proposal
and container shipping facili-
ties removal from Bay Street
was tied into the dredging of
Nassau Harbour, which is
intended to enable both it and
Prince George’s Wharf to
accommodate Royal
Caribbean Cruise Lines and
Norwegian Cruise Lines’ Free-
dom vessel class by summer
2009. These are the world’s
largest cruise ships.

The minister said the Gov-
ernment hoped that dredging
would begin by September
2008, and possibly earlier, once
the consultants/project man-
agers had defined the scope of
works and completed environ-
mental impact studies on the
effect the project would have
on both Nassau harbour and
the cruise ship turning basin.

The materials and spill
extracted by the dredging, Dr
Deveaux said, would be used
for a series of land reclama-
tion and extension projects the
Government had targeted.
Chief among these was the
extension of Woodes Rogers
Wharf eastwards as far as Vic-
toria and Elizabeth Avenues,
and possibly as far as Arm-
strong Street, depending on
the volume of material
dredged.

While. Woodes..Rogers
Wharf was the priority, the
Government viewing its expan-
sion as vital to enhancing the
waterfront and harbourfront,
Dr Deveaux said: “We would

also like to see Arawak Cay

extended westward, and some
additional remedial works
could be done at Fish Fry to
create more additional outdoor

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

GENCON SERVICES LTD.

Notice is hereby given that in accordance with Section 138 (8)
of the International Business Companies Act, No.45 of 2000,
the Dissolution of GENCON SERVICES LTD. (the “Com-
pany”) has been 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 4th

Day of February, 2008.

jt

ALRERA MOKEY
LIQUIDATOR



INVESTMENT OPPORTUNITY
MUST SELL

activities.”

He added that the Govern-
ment was also reviewing the
enabling regulations to the
Road Traffic Act to ensure
that the 16-wheeler freight and
other heavy goods vehicles
only moved goods from the
Bay Street shipping facilities
during the early morning
hours.

The Tribune previously
revealed that both MSC and
Tropical Shipping, on behalf
of the established Nassau-
based shipping companies, had
made proposals to the Gov-
ernment over the Arawak Cay
port.

Tropical’s submission was a
counterweight to the oral offer
from MSC, as rival shipping
companies believe that the lat-
ter’s newly-won permission to
ship direct from Freeport to
Nassau will enable it to
squeeze out rival Bahamian-
owned freight shippers and
impose downward pressure on
shipping rates. MSC’s rivals in
the shipping business fear its
competitive threat, especially
if it enjoyed substantial con-

‘trol over the Arawak Cay port.

Similar concerns may also
be harboured about any
involvement by Hutchison
Whampoa. The Hong Kong-
headquartered conglomerate
is already majority owner of
Freeport Container Port, in
which it holds a 60 per cent
stake, and allowing it to go
ahead with Arawak Cay would
give it control over the
Bahamas’ two principal ports.
MSC is its equity partner in
the Freeport Container Port,
holding about 40 per cent.

In addition, there may be
fears about how Washington
would react to another Chi-
nese-controlled port of its east-
ern seaboard. The US is
already concerned about
Hutchison’s substantial pres-
ence in Freeport, where it has
invested $1 billion in equity
and is the Grand Bahama Port
Authority’s (GBPA) main
partner, especially if the com-
pany ever bid for — and won -—
the GBPA.

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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



Three — 2 Storey townhouses about 80% completed which require some repairs. Each unit comprises
676 sq.ft. on the upper floor and 676 sq.ft. on the lower floor (total floor area 1,352 sq.ft. per unit)
and consists of 3 Bedrooms 2 Baths, Living, Dining and Kitchen.

Driveway & Walkways are improved with 12 x 12 Spanish Type Tiles, 1,775 Sq.Ft. Swimming
Pool and Jacuzzi which are 85% completed.

The Buildings are situated on Lot #17376 comprising 10,000 sq.ft. located in
Bahama Sound of Exuma Section 18, Exuma, Bahamas

The units are being sold collectively.

For conditions of the sale and any other
information, please contact:

The Commercial Credit Collection Unit
at: 356-1685 or 356-1608

Nassau, Bahamas

Interested persons should submit offers
in writing addressed to:
The Commercial Credit Collection Unit,
P.O. Box N-7518, Nassau, Bahamas



Serious enquiries only



me eR en en

me ee Na wine

THE TRIBUNE



MONDAY, MARCH 3, 2008, PAGE 5B

EXCEEDING QUALITY CUSTOMER SERVICE

_ BEC faces $11m |
loss for 2007-2008

@ By CARA BRENNEN-
BETHEL
Tribune Business

Reporter

THE Bahamas Electricity
Corporation (BEC) lost $5.1
million during the first three
months of its 2007-2008 fiscal
year, and is projected to lose
$11 million by the time the
period ends on September 30,
2008, the minister responsible
said.

Phenton Neymour, minister
of state for public utilities,
blamed the basic tariff rate cut
implemented by the former

_ PLP administration and other.

, factors for BEC’s financial

3

Va

predicament. He added that
with the spike in global oil
prices, and BEC’s turbines and
generators being diesel driven,

. the customs duties it was pay-

ing to import its fuel had more
than doubled — from just over
$7 million in 2002 to just under
$20 million in 2007 — not far
off a three-fold increase.
Making his contribution to
the mid-year Budget debate,

Mr Neymour told the House -

. of Assembly that under the last
. FNM administration in 2002,

“BEC was a viable financial
entity, able to stand on its own
without guarantees”.

He explained that BEC’s

; profitability had been steadily

‘ from the gain on the sale of its -

eroded since 2004-2005, apart

shares in Cable Bahamas,
which enabled it to make a
profit of $1.3 million that year.

According to the minister,

. BEC suffered losses of $2.9
_ million in 2005-2007, and the

loss for the year ended 30 Sep-

_ tember, 2007, is expected to

amount to some $10.2 million.
“The financial status for the

,,,first three months of the fiscal

-._ yéar 2007-2008 is reported at
“As 1, million i in: losses, and

based on these figures, the pro-
jected loss to September 2008,
would be $11 million after
experiencing some operational
savings,” Mr Neymour said.

“At the end of the year
2008-2009 it is projected that
BEC will further incur losses of
some $24 million and $38 mil-
lion for 2009-2010, assuming
the current tariff rates remain
in force and oil prices rise at a
moderate rate.

Decision

Mr Neymour said that
PLP’s decision to pay off a
long-term loan with the Inter-
American Development Bank
(IDB), and refinance it,
impacted BEC’s cash flow neg-
atively.

“In 2003, the customer rates
were reduced without a proper
study being carried out. And
while it appeared to be good to
some customers, it actually
placed BEC in a poor finan-
cial position and potentially
threatened its ability to be sus-
tainable, to be able to provide
the service that it is mandated

to. This along with payment of
interest on security deposits,
resulted in the corporation’s
revenue being reduced by
approximately $18 million per
year since the rate reduction,”
said Mr Neymour.
Additionally, Mr Neymour
said BEC is paying more Cus-
toms Duty for the higher
priced oil; a cost that is

absorbed by the Corporation:

and not passed on to con-

sumers via the fuel surcharge. -

In 2002, the duty charged on
BEC’s fuel was $7.26 million.
In 2007, mainly due to the
increased cost of oil on the
international market, some
$19.68 million was charged in
Customs Duty.

Between January 2002 and
February 2008, the cost of
Automotive Diesel Oil (ADO)
climbed from $34.19 to $121.56
per barrel, while the cost of
“Bunker C” fuel moved from
$30.61 to $81.25 per barrel.
Between. 2002 and 2007, the
Corporation has seen a 255 per
cent increase in cost of ADO
and a 165 per cent increase in
cost of “Bunker C”.

ee:

2 lots adjourning each other in
Bahama Sound #16 in Exuma

$12,000 each.

- Tel: 327-8026 or 359-31 60 anytime
: 7pm - - 8am



Bahamas Agricultural & Industrial Corporation

Presents
Its
NEW PROVIDENCE |

SHELL CRAFT TRANG PROGRAM

en
Saad met

SEG

SB a
Date: March 10-26, 2008 (excluding 14H)
Venue: Auditorium, Bahamas Academy

High School

“| Name:

Address:

Tel:

| Time:

6:00 - 10:00 p.m.
Location: Wulff Road (opposite Bamboo

Chicken Shack)

| Application Form . . |

P. 0. Box:
Email:

Fax:

Age range: Cunder 15 061-25 026-40 041-60 061-70 071 and over

Employment Status: O Employed © Government c Private
O Unemployed

ADMINISTRATIVE FEE: $100 ( EXCLUDING MATERIALS)

RERARERRERK GEARS

Contact:

O Self-employed

LaKeisha Thompson OR Sharae Collie

HANDICRAFT DEVELOPMENT/MARKETING DEPARTMENTS -B AIC
Fax: 322-2123/328-6842

Tel: 322-3740-3

f



MBA - University of Bradford

_* US$15,000 (instalment plan available)

Exceeding Quality Customer Serviceâ„¢ is. a
training program that focuses on developing
management and staff customer- oriented
skills that are critical when it comes to
acquiring and retaining customers.
One-on —One & Group Sessions Available!

Log on: www.markturnquestconsulting.com .

MARK A TURNQUEST & CO LTD
(242) 326-6748 / (242) 427-3640



OAS SCHOLARSHIP ANNOUNCEMENT 2009

The Ministry of Foreign Affairs announces that applications for the captioned
fellowship at the Graduate and Undergraduate, for the 2009: 2010 levels
are now being accepted.

Applications will be accepted in the fields of study related to the OAS
priority development areas of Social Development and the creation of
productive employment, Education, Economic diversification and
. integration, trade liberalization and market access, Scientific development
and exchange & transfer of Technology, Strengthening of demoratic
institution, Sustainable development of tourism, sustainable development
and the environment, culture.

Candidates are required to be citizens or permanent residents in OAS.
member states, produce transcript with a minimum GPA of 3.00, passport '
photos (3), current medical certificate, three (3) statements of
Recommendations from Professors/Lectures, Copies of Academic
qualifications and copies of pages one through three together with visa
page of applicant’s passport.

Applications can be obtained from the OAS. website at www.oas.org.
Applications should be completed electronically and printed out, or
downloaded and filled in typewriten format. All application forms must
be presented in triplicate at the Ministry along with the supporting docusnents.

Additional information can be obtained by contacting the
Technical Assistance Cooperation Division
of the Ministry of Foreign Affairs
at telephone number 356-5956/9,
or by email to .
technicalassistance@mfabahamas.org

World-class UK Pa Te
Distance and Online Learning

MBA - University of Wales

mame PRIFYSGOL
MRU

4) UNIVERSITY
r OF WALES

One year minimum by online learning

US$8,500 fotal fee

Flexible payment options available
“A member of the Association of

Commonwealth Universities



* Top 10 MBA in the world (Economist, Jan 2008)
¢ AMBA/EQUIS accredited



BRADFORD

LINIVERSITY

School e Management

Also recruiting now to degree
programmes: MA Education,
LLM Commercial Law, MSc Public
Administration and Development,
BSc Psychology, BSc Computing,
BSc and MSc Hospitality, BA
Business and HND in Business, from
University of Birmingham, University
of Sunderland, University of Derby,

Sheffield Hallam University, University

of Teesside and University of Wales

Recruiting Now
for the April 2008 intake

(Ol vino

_ info@rdicaribbean.com
1 (703) 549 5424







PAGE 6B, MONDAY, MARCH 3, 2008

THE TRIBUNE





Bahamas must
‘nail down
rules of game’

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that:-

(a) DYNGUSS COMPANY LTD. is in

dissolution;

(b) The date of commencement of the dissolution
is the 8th day of February, A.D., 2008 and

(c) the Liquidator is C.B. Strategy Ltd., of 308

East Bay St.

C.B. Strategy Ltd.
LIQUIDATOR



FROM page 1B

in the Western Hemisphere
that was not a member of the
World Trade Organisation
(WTO), the global body
responsible for administering
and setting the global rules-
based trading regime.
Among the advantages of
WTO membership, Mr
Delaney said, were the fact
that it provided settlement and
dispute resolution mechanisms
as a means of solving interna-
tional trade disputes, while it
also provided certainty and

- clarity on trade arrangements.

Mr Delaney told The Tri-
bune: “You have to ask your-
self. Is it prudent for us not to
have certainty and predictabil-
ity on market access and the
rules pertaining to trade, as we
compete against other nations
for market access, and at least
a level playing field, in trade, if

PRICEWATERHOUsE(COPERS

not preferential opportunities
in trade with certain countries?
“One would have thought it
would be prudent to try and
nail down the rules of the
game. Right now, for us, the
tules are not nailed down.
“When you do not get in
early, the price is higher if you
get in later. It is significantly

‘More expensive for those coun-

tries, and has been for us to
date, to get into the WTO.”

The Trade Commission
chairman question whether the
‘do nothing’ option over the
EPA, and not signing on to the
CARIFORUM offer, was a
viable option given that one-
way trade preference regimes
were “a dying thing”.

As a result, the Bahamas
“can’t any longer expect just
to do what we were doing
before. We are at ‘a coming of
age’ stage as a country among
the international community.
We are being required to con-
tract with others to rules that
will govern how we trade”.

' Arguing that doing nothing
was “a luxury not available to
any country in the world”, Mr
Delaney said the Bahamas had
to “navigate these changes the

John DEN



best way we can”.

“The reality of the matter is
that we cannot bunker our-
selves. The only way we make
a living is by trading,” he
added.

Mr Delaney denied that the
heavy emphasis on Caribbean
regional integration in the
EPA treaty meant that the
agreement was effectively a
‘back door’ route taking the
Bahamas into a Caribbean Sin-

gle Market & Economy

(CSME) arrangement.

He added that via the Most
Favoured Nation (MFN)
aspect of the EPA, which
means that no country can
offer trade terms that are more
favourable to one nation than
another, the Bahamas would

POSITIONS AVAILABLE FOR
ASSOCIATES

PricewaterhouseCoopers has vacancies for staff accountants to pursue a programme of
training culminating in a professional accountancy qualification. Prospective candidates should
have a graduate or undergraduate degree in accounting with a cumulative grade point average
that exemplifies your success as an achiever and leader.

Applications are being accepted for the 2008 Programme. Expectant May/June 2008 graduates ,
are also encouraged to apply. Pog

Successful candidates will undergo a period of rigorous training, both academically and
on-the-job, with the objective of developing professional skills. Much of the on-the-job experience
will entail auditing the financial statements of entities in the financial services industries such as
banks, trust companies, investment funds and insurance companies. The positions offer excellent
salaries and promotional opportunities, and benefits include medical insurance and provident
fund. Also, as a team member of PricewaterhouseCoopers there are opportunities to work in
another country where PricewterhouseCoopers has an office.

Please submit your application, with a current curriculum vitae and a copy of your most recent
transcript, before 31 March 2008, to:

Human Resources Partner
PricewaterhouseCoopers
P.O.Box N-3910
Nassau, The Bahamas



IMPORTANT
NOTICE

RELOCATION OF HURRICANE
HOLE PLAZA BRANCH

Effective February 28th, 2008 at 3pm the

Hurricane Hole Plaza Branch will be permanently closed.

All customers are advised to access our services ~
through our new location at

PARADISE VILLAGE SHOPPING CENTRE
from March 3rd, 2008.

FirstCaribbean apologizes for any inconvenience caused.

www.firstcaribbeanbank.com

FIRSTCARIBBEAN

INTERNATIONAL BANK

e

GET THERE. TOGETHER.



enn Be A ae te on tte a RR a wo a

CACIQUE

ST ee

Cacique International Ltd. with over 10 years of
outstanding service in destination management and
event planning is seeking to employ a

Personal Assistant

Requirements:
3-5 years experience in relevant positiort

Proficient in hands-on Microsoft Suite
‘Superb written and oral communication skills

A Bachelor’s Degree, with a concentration on marketing
or business will be a plus

| Good time management skills

General:

Schedule and daily coordination of the day to day diary
for company executive.

Effectively book the travel scheduling and conference
scheduling for executive

Complete administrative duties for the Office

Manage office supplies

Complete reports as needed

Remuneration: ‘
Excellent benefits package inclusive of healt
insurance.

Salary negotiable.

Interested please should submit resumes to the
following addresses on or before March 1% 2008.
Director of Human Resources

P.O. Box N-4941

Nassau, Bahamas

Or email: jbeneby@caciqueintl.com



secure the same market access
conditions as European
nations when it came to
exports to CARICOM coun-
tries. :

Meanwhile, Mr Delaney said
the EPA contained nothing
that would commit the
Bahamas to Tax Information
Exchange Agreements
(TIEAs) with EU nations,.a
key consideration for this
country’s financial services
industry.

The Trade Commission
chairman added that he had
been advised the Excise Tax,
which the Government is con-
sidering introducing to protect
its import revenues, would not
be treated as a tax on border
trade because it applied
“across-the-board”.

Mr Delaney said he was
“shooting for” the Trade Com-
mission’s work on the EPA to
be completed by mid-April, so
that by June it could start get-
ting focused on the need to
replace the Caribbean Basin
Initiative (CBI). :

The EPA was “one of a
threesome” of trade agree-
ments heading the Bahamas’
way, as the CBI — which gov-
erns trade relations with this
nation’s key trading partner,
the US —- only has a waiver
exempting it from WTO stric-
tures until September 2008.
Charles Rangel, chairman of
the US House of Representa-
tives House Ways and Means
Committee, has introduced a
Bill seeking to prolong the
CBI’s life until September
2010, but there is little doubt
that a replacement, two-way
agreement will have to be
negotiated.

Apart from the CBI, there
is also the CaribCAN agree-
ment with Canada that expires
in 2012, and WTO member-
ship, to be addressed by the
Bahamas.

“The EPA exercise gives the
Bahamas a head start in
addressing the issues for CBI,
WTO and CaribCAN,” Mr
Delaney said. “To a great
extent we have to run down
the same issues to determine
how the Bahamas will address
it.”

Royal Island (Bahamas) Limited

INVITATION FOR EMPLOYMENT

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

¢ Superintendents
¢ Project Engineers

é

We are currently seeking individuals to oversee the underground
infrastructure systems for Royal Island, and as such, we are looking for
dynamic individuals who posses strong leadership and communication

skills.

Salary is commensurate with Experience and Education.

Interested persons should submit their resumes with cover letter to:

Harcourt Management Services Ltd.

P.O. Box N 1991
Nassau Bahamas

Fax to: (954) 745-4399

Or Email to:

aileen.miller@royalislandbahamas.com

Royal Island (Bahamas) Limited thanks

all applicants for their

interest, however only those under consideration will be contacted.





THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 7B





BTC urges ce

lular

customer migration

THE Bahamas Telecommunica-
tions Company (BTC) is spending
$40 million to upgrade its Global Sys-
tem for Mobile Communications
(GSM) cellular network, as part of a
strategy to migrate all cellular cus-
tomers using the old TDMA network
over to GSM by year-end.

BTC’s vice-president for market-
ing, sales and business development,

Marlon Johnson said “This migration
from the TDMA network to the GSM
network is both mandated by the
PUC [Public Utilities Commission]
and is necessary as the TDMA parts,
antennas and telephone devices are
now discontinued — meaning that
there are no more manufacturers that
produce these items. Thus out of
necessity, and to ensure that our cus-

tomers are on the most widely used
mobile telephone network in the
world, we are moving fully over to
GSM.”

BTC’s TDMA clients will also soon
no longer be able to use their cell
phones in the US, as the company
plans to end roaming TDMA agree-
ments by next month.

BTC now has Voice Roaming

Agreements for 145 GSM networks in
80 countries and data roaming agree-
ments for 41 Networks in 24 coun-
tries.

Mr. Johnson added: “We are
pleased to advise though that BTC
has requested that the PUC give con-
sideration to allow us to have cus-
tomers transfer their TDMA phone
number over to their new GSM

account — consistent with what our
customers have been asking. BTC
has the technology to facilitate this,
but we do require the permission of
the PUC to make it happen. We are
hopeful nonetheless that we will be
granted permission to do this and
ensure that we keep our customers

happy.”

RTM cy ea dC AT
EAMES EI RTL
RS eG rae TE

NOTICE

NOTICE is hereby given that GHISLAINE VILBRUN OF
#70 BAYBERRY LANE, FREEPORT, GRAND BAHAMA,
BAHAMAS is applying to the Minister responsible for
Nationality and Citizenship, for ea
as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within iat Bil days from the 3RD day of
MARCH, 2007 to the Minister responsible for Nationality
and Citizenship, PO.Box N-7147, Freeport, Bahamas.

Legal Notice

NOTICE
NEW SOMERSET CORP.

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of NEW SOMERSET CORP. has been
completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

. CHAMBRAY TREE CO. LTD.

on Oy

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of CHAMBRAY TREE CO. LTD. has been
, completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
‘ (Liquidator)

Legal Notice

NOTICE

‘CRYSTAL GEM TREE INC.

ne Pn

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of CRYSTAL GEM TREE INC. has been
completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Gail Lockhart Charles is pleased to announce
the opening of her Law Chambers

x

‘ eo
LON

GAIL LOCK ART CHARLES & Co.

SS

Counsel & Attorneys-At-Law
Caves Village, West Bay Street
P.O. Box SP-60063, Nassau, Bahamas

Tel: 242.327.1391 | Fax: 242.327.1392
Email: Gail@LockhartCharles.com
www.LockhartCharles.com

Legal Notice

NOTICE

BYLLINGS POINTE INC.

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of BYLLINGS POINTE INC. has been
completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

WILDE LTD.

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of WILDE LTD. has been com-
pleted; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

~ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

MONTRES INT’L HOLDINGS LTD.

Notice is hereby given that in accordance with Section

138 (8) of the International Business Companies Act 2000,
the dissolution of MONTRES INT’L HOLDINGS LTD.
has been completed; a Certificate of Dissolution has been
issued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

EPALINGS LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of EPALINGS LIMITED has been com-
pleted; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

KERMAN LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of KERMAN LIMITED has been com-
pleted; a Certificate of Dissolution has been issued and
the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

INDIGO INLET INDUSTRIES LIMITED

Notice is hereby given that in accordance with Section

138 (8) of the International Business Companies Act 2000,
the dissolution of INDIGO INLET INDUSTRIES LIM-
ITED has been completed; a Certificate of Dissolution has
been issued and the Company has therefore been struck off

the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

HOMEBOUND SLOPES INC.

— 4—

Notice is hereby given that in accordance with Section

138 (8) of the International Business Companies Act 2000,
the dissolution of HOMEBOUND SLOPES INC. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)





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PAGE 8B, MONDAY, MARCH 3, 2008

THE TRIBUNE



Sir Jack: P’ll urge court end
if St Georges sell to Fleming

FROM page 1B

in an affidavit filed to support the
St George estate’s summons asking
the Supreme Court to reconsider its
decision to lift the injunction blocking
the Hayward family trust’s investment
vehicle, Seashells Investments, from
selling its GBPA stake (50 per cent or
75 per cent) to Fleming, Chris Caf-
ferata, an executor for the estate,
picked up on this issue. °

Silence

Myr Cafferata said there was “com-
plete silence” from the Hayward
side’s defendants and Fleming as to
what role the latter was playing in the
GBPA iitigation, both now and in the
future.

He alleged that this element of Mr ,
Mackay’s response, “requiring a sale
by the estate to the Fleming Group -
before any settlement of the owner-

ship issue is the clearest possible indi- -

cation that the plaintiffs have been
correct in submitting that it is the
Fleming Group which has control of
the Hayward litigation”.

Fleming was alleged to be trying
“to coerce the estate”, and was direct-
ing the Hayward litigation “in a con-
certed effort to cause the estate to.
sell its interests in GBPA, Port Group
Ltd and IDC to the, Fleming Group at
the cheapest possible price”.

Mr Cafferata alleged that if Fleming
was allowed to purchase the 50 per
cent GBPA stake held by Seashells
Investments, it would continue and
“intensify” the alleged oppression of
the St George estate.

In Sir Jack’s counter-offer, Mr
Mackay said Hannes Babak, the oust-
ed GBPA chairman, should resume
his role once the St George estate’s
oppression action was struck out/dis-
missed, “unless at that point in time
Fleming Family & Partners are the
owners of Seashells’ shareholding in
IDC. Fleming Family & Partners have
publicly committed that Mr Babak
will not be a director/shareholder in
any of the companies if they are a
shareholder”.

Estate

Mr Mackay also said that the St
George estate should pay the costs
of the GBPA receivers, Clifford and
Myles Culmer, and their attorneys
Lennox Paton, arguing that they were
“wrongfully appointed and wrongful-

ly retained in place by delaying tac-
tics”.

He alleged that these ‘delaying tac-
tics’ prevented the Hayward defen-
dants’ from obtaining a court hear-
ing to set aside the receivership for 15
months, something Mr Mackay said
Justice Neville Adderley had
described as “impossible to imagine”.

Sir Jack’s counter-offer also said
any agreements needed to include the
Treasurer of the Bahamas, given that
the issue of whether the Government
still owned a 7.5 per cent stake in the
GBPA was unresolved.

The letter also questioned the fac-
tual basis upon which the GBPA was
being asked.“‘to gift houses” at Span-
ish Main in Freeport to the St George
estate and its beneficiaries.

Finally, Mr Mackay’s letter urged
the St George estate to resolve Caro-

line St George’s tracing claim, which
alleged that she and her sister, Caro-
line, were beneficial owners of at least
some of the estate’s GBPA assets
because they had been purchased by
their father using assets left in trust for
them by their maternal grandfather,
William Hill.

Achieved

“Certainty could also be achieved
by an agreed sale by the estate to
Fleming Family & Partners, and

' releases of all claims by the various St

George children and wives,” Mr
Mackay wrote.

He added that Sir Jack was keen
to resolve the dispute, which had
“thrown the companies and the econ-
omy of Freeport into 15 months of
uncertainty and loss”.

Government eyes outsourcing of car inspections

FROM page 1B

Bahamians to go through the
process faster.

In his mid-term Budget pre-
sentation, Dr Deveaux said the
Road Traffic Department had

collected $11.736 million in
revenue for the six month peri-

od July-December 2007, com-

pared to Ministry of Finance
estimates of $12.964 million —a
shortfall of $1.228 million.

He added, though, that the
Department expected to gain a
revenue boost in March 2008

. Ea Sg
Cea MAES ra MATTEL

because this was companies
month, in which all vehicles
belonging to Bahamian firms
had to be licensed and inspect-
ed. May, as Franchise Inspec-
tions and Registration Month
for taxis and jitneys, was also
seen as a major revenue earn-
er.

The practice of requiring
companies with large vehicle
fleets to licence and register
all their vehicles at the same
time and place in March was
one of the ‘Vexing Business
Issues’ raised by the Chamber
of Commerce.

The Chamber report, which
has been submitted to the
Government, noted that
before the Road Traffic

Department changed its policy
two years ago, companies.

ance certificate to the vehicle’s
driver to complete the process
any time in March.

Since then, the Chamber
said business owners were
required to take the licence
disk off all their vehicles, make
a copy, attach the correct insur-
ance certificate to each and
send all the paperwork to
Road Traffic. Then, the com-
pany had to call the depart-
ment and make an appoint-
ment for an inspector to come
to its place of business and
inspect the entire fleet.

If all goes well, a cheque
then has to be sent to the Road
Traffic Department and
arrangements made to go and
pick up the new licence disks

and inspection stickers. 4

“Failure to start this process

of your registration documents
stuck in an overwhelmed
bureaucracy at. Road Traffic,
and your vehicles will not be
licensed by March 31, mean-
ing that the business owner
would either have to take the
vehicles off the road or operate
them with the genuine fear of
receiving significant fines for
operating an unlicensed vehi-
cle,” the Chamber report said.

Dr Deveaux said the Gov- -

ernment was close to address-
ing this issue, adding that his
Ministry and the Road Traffic
Department were trying to
accomplish other objectives.
They were assessing whether
to make Road Act insurance
redundant, and working close-

ly with the insurance-secter-on- + -

this to see what it meant for

ance liability would rise.

The Road Traffic Depart-
ment was also seeing how it
could accommodate left turns
on red; provide multiple loca-
tions where persons could pick
up drivers’ licences, and look-
ing at outsourcing the vehicle
inspection and licensing pro-
cedure.

Dr Deveaux said the objec-
tives were: “How can we make
the process of obtaining a dri-
ver’s licence, using the roads,
getting the vehicle licensed and
inspected, more user friend-
ly?”

He added that it was now a
case of reviewing the enabling
legislation and making the nec-
essary amendments, the initial
objective having been to imple-
ment any changes “in the

PR LEE EE AER OIEECEOOIEECDS SC ASEE CESSCE RENE ESSENSE SGEESEESBS SEES DIELS DEES LEE OES REEB ALCOR EE REREN RE EER OBE

Ist





could give cash and the insus-:

before March 15 will leave all

i : 3

‘the consumer,:as..their, insur-

cqurs¢.of the.summer”.

sate Fn ‘
ze 5 Ay



“Informative. 1 can be sure to read something of value in The Tribune. It is filled with



important to me. The Tribune is my newspaper.”

The Tribune



information about local news, sports, entertainment and world news — subjects that are

JASON RAHMING

CONSTRUCTION FOREMAN



THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 9B



MM ii Lio ee
Water Corporation in ‘seriously sad position’

@ By CARA BRENNEN-
BETHEL
Tribune Business
R rter



THE Water and Sewerage
Corporation is in a “seriously sad
position” and grossly affected by
cash flow and indebtedness to
vendors, the minister of state for
utilities told the House of
Assembly during his contribu-
tion to the mid-year Budget
debate.

South Beach MP Phenton
Neymour told MPs that the Gov-
ernment was disappointed to find
that the Corporation was in a
worst state than that of 2002
under the previous FNM admin-
istration.

“We found it in a seriously sad
position, and the Corporation
was severely affected by cash
flow constraints and gross indebt-
ednéss to vendors,’ he said.

Mr Neymour explained that
the Corporation was operating
at the upper limits of its over-
draft facilities and finds itself
having to defer payment to key
suppliers.

“This obviously is adversely
impacting the Corporation’s rela-
tionship with its major suppliers,
and its ability to obtain goods on
credit, both locally and interna-
tionally,” Mr Neymour added

He said that while the’Corpo-

ration’s tariffs have remained.

unchanged since 1999, its net
operating costs have increased
dramatically, as was disclosed in
the 2006 Audited Financial
Statements tabled in the House
earlier this month.

Mr Neymour revealed that in
1999, total revenues were $29.2
million, compared to $42.8 mil-
lion in 2006, a 46.6 per cent
increase of $13.6 million. How-
ever, expenditure (excluding
depreciation and bad debt pro-
visions) had increased from $30.1
million in 1999 to $47.8 million in
2006 for a $17.7 million increase
in operating costs.

He said this was an increase
in expenditure of 58.8 per cent
versus the 46 per cent increase in
revenue.

The minister further indicat-
ed that the single biggest spend-
ing increase had been in the
direct cost of water purchased
from water providers for onward
distribution to the Bahamian
people.

This production cost has ~°

increased from $3.5 million in
1999 to.$14.8 million in 2006.
Nonetheless, that 423 per cent
increase of $11.3 million in the
cost of water purchases also rep-
resented a direct positive impact
on the quality of life for many
Bahamians. Yet to maintain its
operations and renew its infra-
structure without becoming a
burden on the Public Treasury,

MUST SELL
VACANT PROPERTY

Lot #14721 comprising 10,000 sq.ft. in area with
83 frontage on Zinnia Road and 120 feet on
Eastward Drive in Bahama Sound of Exuma Ocean
Addition West, Exuma Bahamas

The property is undeveloped and is
located 1 mile south of Emerald Bay
and The Four Seasons Resort.

For conditions of the sale and any other
information, please contact:
Credit Risk Management — Collection Unit at:
Phone: 356-1685 or 356-1608,
Nassau, Bahamas

Interested persons should submit
offers in writing addressed to:

The Manager, Credit Risk Management - Collection
Unit, P.O. Box N-7518, Nassau, Bahamas

- Serious enquiries only

Mr Neymour said the Corpora-
tion must close the gap between
the economic cost of services and
the revenue these services gen-
erate.

To that end, Mr Neymour
explained that included in the
supplementary budget request
was $4.15 million to pay for
reverse osmosis water purchases
in New Providence and the Fam-

ily Islands, as well as various
local and international suppliers.
Some $400,000 was also being
requested to partly defray spend-
ing for certain international debt
service payments made in
December 2007.

The combined total of the var-
ious line items amount to some
$7.417 million, and the supple-
mentary funds which have now

been made available to the Cor-
poration will alleviate the most
urgent cash demands and sustain




at hs a ee
TEACHING VACANCY =
Temple Christian High School

operations until an overall rev-
enue enhancement and funding
strategy is established

REGISTRATION

Success Training College announces registration for the winter semester.
Register now for Certificates, Diplomas and degree programs. Special tui-
tion discounts available to recent high school graduates and government
employees. Scholarships and easy-payment plan extended to all students.











_FAST-TRACK JOB TRAINING COURSES
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Prepare for a new job or qualify for career advancement.



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Electrician Assistant
Computer Technician

Ticketing & Reservations
Front Desk Assistant
Make-up Application Specialist
Dental Office Assistant
Pharmacy Assistant
| Nursing Assistant

PC Publishing Specialist
Graphic Design Technology
Drafting for Beginners
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PARALEGAL DIPLOMA PROGRAM

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ASSOCIATE DEGREE PROGRAMS

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Executive Systems Management Network Systems Security
Public Administration Computer Support Technology
EDUCATION ALLIED HEALTH

Early Childhood Education Medical Assistant
Primary Education Dental Assistant
Pharmacy Technician

BACHELOR OF LAW
Flexible LLB (Hons) offered in association with
Holborn College and the University of Huddersfield, London, England.

REGISTRATION & RECOGNITION

Success Training College is registered with the
Ministry of Education and the Department of Public Personnel.

‘CREDITS TRANSFER
Credits earned at Success are transferable to colleges and universities in Canada,
USA, UK and the Caribbean. Additionally, an established articulation agreement
between Success and Nova Southeastern University allows Success’ graduates to
transfer seamlessly from Success to Nova.


















































Save Time - Save Money - Register Now!
Call 324-7770 or 324-7555 for details

‘| on Shirley Street and ‘be returned with a full curriculum

Shirley Street








Invites applications from qualified Christian teachers for the
following positions for the 2008-2009 School Year.








































-Journalism/Literature (Gr. 10-12)
-Religious Knowlege Bible (Gr. 7-12)

-Math (Gr. 7-12)

-Physics (Gr. 10-12)

-Agriculture (Gr. 7-9)

-Technical Drawing (Gr. 7-12)
-Accounts/Commerce/Economics (Gr. 10-12)
-Physical Education (Gr. 7-12)

-Spanish (Gr. 7-12)

-Geography/History(Gr. 10-12)

-Chemisrty

-Business Studies (Gr. 10-12)

-Health Science (Gr.7-9)

-General Science (Gr. 7-9)

-Computer Studies (Gr. 7-12)

-Music (Gr. 7-12)

-Biology (Gr.10-12)
--Language Arts/Literature (Gr.7-12)
-Art/Craft (Gr. 7-12)
-Food Nutrition (Gr. 10-12)
-Clothing Construction (Gr. 10-12)
-Social Studies (Gr. 7-9)
-Home Economics (Gr. 7-9)

Applicants must:

A. Be a practicing born-again Christian who is willing

to subscribe to the Statement of Faith of Temple
_ Christian School

B. Have a Bachelor’s Degree in Education or higher.
from a recognized College or University in area of
specialization.

C. Have a valid Teacher’s Certificate or Diploma

D. Have at least two years teaching experience in the
relevant subject area with excellent communication
skills.

E. Applicants must have the ability to prepare students
for all examinations to the BJC/BGCSE levels.

E Be willing to participate in high school’s extra

curricular programmes.







Application must, be. picked up at the High School Office
vitae, recent coloured photograph and three references to:

Mr. Neil Hamilton
The Principal
Temple Christian High School
P.O.Box N- 1566 ,
Nassau, Bahamas

~ COMMONWEALTH OF THE BAHAMAS
JN THE SUPREME COURT
Common Law and Equity Division

NOTICE

THE QUIETING TITLES ACT, 1959 (Chapter 393)

2007/CLE/qui/00975

'- The Petition of Constance Andree Comery and Lillian
Angelina Rolle both of the Island of New Providence
one of the Islands of the Commonwealth of The

_ Bahamas in respect of:

ALL THAT pieces parcels or lot of land containing
Four Thousand Two Hundred and Ninety-one (4,291)
square feet situate on the Western side of West Street
approximately Forty-seven (47) feet north of Adderley
Street in the City of Nassau in the Island of New
Providence one of the Islands of The Bahamas

The Petitioner, Constance Andree Comery and Lillian
Angelina Rolle, claim to be the owners of the fee simple
estate in possession of the piece parcel or lot of land
hereinbefore described and the Petitioners have made
application to the Supreme Court of the Commonwealth of
The Bahamas under Section 3 of The Quieting Titles Act,
1959, to have their title to the said land investigated and the
nature and extent thereof determined and declared in a
Certificate of Title to be granted by the Court in accordance
with the provision of the said Act.

Copies of the filed Plans may be inspected during
normal office hours at:

(a) The Registry of the Supreme Court, Ansbacher House,
East Street North, Nassau, Bahamas

(b) The Chambers of Michael'W. Horton, Arianna House,
Dunmore Lane, Nassau, Bahamas.

NOTICE is hereby given that any person or persons having
Dower or right to Dower or any Adverse Claim not
recognized in the Petition shall within Thirty (30) days after
the appearance of the Notice herein file in the Registry of
the Supreme Court in the City of Nassau aforesaid and serve
on the Petitioners or the undersigned a Statement of Claim
in the prescribed form verified by an Affidavit to be filed
therewith. Failure of any such person or persons to file and
serve a Statement of Claim and the requisite documents on
or before the said Thirty (30) days herein will operate as a
bar to such claim.

MICHAEL W. HORTON
Attorney for the Petitioners
Chambers,
Arianna House,
Dunmore Lane,
Nassau, Bahamas



Commercial Building
East Street South

www.bahamasrealty.bs
www.cbrichardellis.com

«OFFICE & RETAIL SUITES
(Completion 2009)
BAHAMAS REALTY rtp.

COMMERCIAL.

In association with:

CBRE

CB RICHARD ELLIS
NAVIGATING A NEW WORLD

Six Units at 726 sq. ft.each

Popular High Traffic Commercial Area
© Brand New Attractive Design

Ample Parking Available

For More Information Call 396-0000

BIS)

Pricing Information As Of:


























Abaco Markets
















































11. 25 Bahamas Property Fund 3 . 3
8.50 Bank of Bahamas 9.61 0.643 0.260 14.9 2.71%
0.83 Benchmark 0.99 0.188 0.030 5.3 3.03%]
1.95 Bahamas Waste 3.66 0.289 0.090 12.7 2.46%
1.25 Fidelity Bank 2.60 0.058 0.040 44.8 1.54%
10.03 Cable Bahamas 12.95 14,000 1.030 0.240 13.2 1.76%
2.00 Colina Holdings 3.14 0.031 0.040 101.3 1.27%
4.6: Commonwealth Bank (S1) 6.95 17,440 0.428 0.260 16.3 3.749
4.41 Consolidated Water BDRs 4.41 0.129 0.052 34.1 1.189
2.20 Doctor's Hospital 2.45 0.316 0.020 7.8 0.829
5.85 Famguard 7:79 1,000 0.713 0.280 11.0 3.579
12.30 Finco 12.95 1,500 0.810 0.570 16.0 4.40
13.90 FirstCaribbean 13.99 5,170 0.914 0.470 15.2 3.38%
5.12 Focol (S) 5.15 7,500 0.363 0.140 14.2 2.72%
0.54 Freeport Concrete 0.74 0.035 0.000 21.1 0.00%)

7.20 ICD Utilities

J. S. Johnson
” Fidelity Over-The-Count
Bid $






14.25
6.00

Bahamas Supermarkets
Caribbean Crossings (Pref)








0.20 RND Holdings 0.35 0.40 . 0.35
es Pes Colina Over-The-Counter Securities _ se
2 41.00 ABDAB 41.00 43.00 41.00
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00
: 0.40 RND 2 Holdings 0.45 0.55 oO. 45
es @ i BISX Listed Mutual Funds 67
52wk-Low Fund Name NA Vv YTD% Last 12 ‘Months Div $ Yield %



































1.2037 Colina Bond Fund 1.300059*** 0.62% 6.15%

3.0008 2.4723 Colina MSI Preferred Fund 2.999402*** -0.04% 15.53%
1.3812 1.2647 Colina Money Market Fund 1.381183°""** 0.39% 3.85%
13.7969 3.0569 Fidelity Bahamas G & | Fund 3.7442°** -1.40% 27.72%
11.9880 11.3545 Fidelity Prime Income Fund 11.9880*** 0.46% 5.53%
100.0000 100.0000 CFAL Global Bond Fund 100.00**

100.0000 CFAL Global’Equity Fund 100.00**
1.0000 CFAL High Grade Bond Fund 1.00**
9.6628 Fidelity International Investment Fund 9.6628**
: FINDEX: CLOSE 914.71 J YTD 4.23% 1 2007 34.47%

MARKET TERMS YIELD - last 12 month dividends divided by clo: sing price



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

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

S2wk-Low - Lowest closing price in last 52 weeks

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

Daily Vol. - Number of total shares traded today

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

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

('S) - 4-for-1 Stock Split - Effective Date 6/8/2007

(S1) for- 1 Stock Split - Effective Date 7/11/2007

TG TRADE CALL: CRAL 242-602-7010 7 FIDELITY 242-366-7764 7EOR



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 $ - Acompany’s reported eamings per share for the last 12 mths

** ~ 31 December 2007
***. 31 January 2008

** . 2 January 2008
NAV-NetAsset Value 0000 - 22 February 2008
N/M - Not Meaningful .
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100








PAGE 10B, MONDAY, MARCH 3, 2008 a | THE TRIBUNE |
es See GOVERNMENT NOTICES ]





GN-653



DEPARTMENT OF PUBLIC SERVICE

The general public is hereby notified that the Legal Representatives of the following deceased Public Officers are
requested to contact the Accounts Section of the Department of Public Service at telephone number 502-7200 as soon
as possible.



Soe RI SSR TARA DREISER SNA A te

o

Legal Representatives are also requested to submit the original copies of the Letters of Administration to the Poinciana
Hill Complex, Meeting Street.

NAME OF OFFICER LAST KNOWN ADDRESS DATE OF
DEATH

ENVIRONMENTAL HEALTH SERVICES

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ELEUTHERA


























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es THOMAS GIBSON CARMICHAEL ROAD

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12. | WILLIS F. BOWLEG ~ | HOSPITAL LANE
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PANDORA R. CLARKE POLHEMUS STREET

13/10/2005

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ELTON MOSS MCINTOSH CROOKED ISL. STREET | 13/05/2002
DIANNA RAHMING YELLOW ELDER 10/06/2002






REGISTRAR GENERAL’S DEPARTMENT
fee ORMANDO ROLLE

SACHA D. DAWKINS

LOCAL GOVERNMENT

71 | MARGARET S. FORBES GIBSON FREEPORT, GRAND 11/02/2005
BAHAMA





MINISTRY/DEPARTMENT OF EDUCATION 29/04/2006

BRENDA KNOWLES LOWE SOUND ANDROS | 25/03/96

ALTHEA WILLIAMS GLADSTONE ROAD 20/07/2002

KERMA BLACK MURPHY FREEPORT, GRAND 05/12/2003
BAHAMA

CLAUDINE E. SMITH CENTRAL ANDROS 08/05/2003

36 LOUISE FERGUSON FREEPORT, GRAND 12/12/2004
BAHAMA

OLIVIA KENT MT. ROYAL AVE 17/10/2002

PAULETTE WRIGHT PINDER’S’POINT 16/04/2002

KENNETH STRACHAN GOLDEN GATES #2 16/01/1999







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MINISTRY OF FOREIGN AFFAIRS

72 | MONIQUE SEYMOUR-COOPER DUNMORE AVE 10/08/2003
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BAHAMA
KENNETH WHYMS IMPERIAL PARK 30/06/2007

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THE TRIBUNE













OFFICE OF THE PRIME MINISTER
GROVE





BAHAMAS CUSTOMS DEPARTMENT

CEDRIC CUMMINGS YELLOW ELDER 12/09/2002
DEBORAH VD. DAVIS JEROME AVE 17/02/2006

SEAN R. MACKEY ELIZABETH ESTATES | 26/03/2006

KENNETH J. FERGUSON NASSAU VILLAGE 24/08/2004
KENNETH BOWLEG LANCHESTER 21/01/1995
STREET

MAGISTRATE’S COURT

99 | PAULINE L. ASTWOOD WEST STREET 90/02/2003 .
HOUSE#153
SHEILA BROWN 21/04/2007

IMMIGRATION

ae DEBORAH JOHNSON HUDSON STREET 16/03/2003

85 | THERESA NEELY PALM BEACH ST. 12/01/1995

fee) WENDOLYN SWEETING FREEPORT, GRAND __| 27/08/2006
BAHAMA

MINISTRY OF NATIONAL SECURITY (POLICE DEPARTMENT
87 | LIONEL A. PRYCE FREEPORT, GRAND _| 20/08/2007
BAHAMA
FREEPORT, GRAND
BAHAMA

ee taundtecmen teak
| KENDRICK FARQUHARSON PALMETTO POINT 10/03/2007
ELEUTHERA

det tal ed
22/06/2007

2 eee eee
iz DEREK R. GITTENS SHIRLEY STREET
























88 |EDISONE BAIN. 73/10/2007




CLOIDE GREENE











—_ pods

93 | PAUL R. THOMPSON, JR.



LEWIS STREET 13/07/2007






ee ELMA J. WOODSIDE CLARIDGE ROAD 10/09/2006

ae CHRISTINE M. AUGUSTIN MARSHALL ROAD 28/05/2006

GENEVIEVE J. OLIVER FREEPORT, GRAND | 04/01/2006
' | BAHAMA

ee EDDISON E. BANNISTER BACARDI ROAD - 12/11/2006

Pa HENRY M. CURRY 111 ” FARRINGTON RD 10/07/2005

CASTROMER GRIFFIN FREEPORT, GRAND | 16/12/2001
BAHAMA

CLAUDE J. LESBOTT GOLDEN GATES 13/03/2005

THE COLLEGE OF THE BAHAMAS

105 ELIZABETH ESTATES



















MINISTRY OF SOCIAL DEVELOPMENT

106 | ALOHONSO ROLLE HILLSIDE PARK 12/06/2005
107 | SHARMILLA M. SMITH | GOLDEN GATES 18/12/2006

SOCIAL SERVICES DEPARTMENT
ee ecient

MINISTRY OF YOUTH AND SPORTS

109 | STEPHANIE PORTER 15/04/2005
fete ee So

feel

POST OFFICE DEPARTMENT
GREGORY TOWN
ELEUTHERA


















110 | HARRY PINDER




RICHARD W. GREENE GOLDEN GATES #2 19/01/2004
114 [HANSEL G. COOPER ~——T'WINTON ESTATES 10/08/2007

CARIB ROAD _ | 24/11/2006

_ | 130 JOHN JOSEPH yee ati al

| wv AL WoDe Pde PSE eS ree Ft ry : | } . | . —*
Pe SHARON A. HIGGINS EXUMA STREET 15/08/2006 KEITH CUMMINGS 13/09/1997

. CYRIL DEVEAUX EXUMA STREET 09/04/2006

MONDAY, MARCH 3, 2008, PAGE 11B

DTA aN a a
GOVERNMENT NOTICES i










DEPARTMENT OF CIVIL AVIATION

eZ RICARDO D. MILLER BLUE HILL RD, SOUTH | 07/04/2000
MICHELLE D. DORSETT SOUTH BEACH 23/07/2003
3





115 | CHRISTOPER STYLES HOSPITAL LANE 04/11/1997
Pe CORRINE D. EMMANUEL 31/08/1998

DEPARTMENT OF AGRICULTURE

ee eee
oe
120 | SELRENA NEWBOLD _



















121 | CHRISTINE LEE HATCHET BAY, 13/03/2004
ELEUTHERA
122 | THOMAS BOWE, JR. es pe atte ao |





ST. JAMES ROAD 07/2/2004

SHADY TREE AVENUE | 07/06/2007

IVADELL LUNDY } PRATI’S ALLEY 29/11/1997

MINISTRY OF PUBLIC WORKS AND TRANSPORT a

LESHON JOHNSON - MONTELL HEIGHTS Q2N21972

126 | GENEVA PENNAMAN THOMPSON LANE 25/11/2006

CARL GLINTON ee ta 26/04/1998

MINETTE STEELE MASTIC POINT, 08/03/1997
ANDROS

| 129 | NEVILLE BOWE 09/08/2005

qo en “T9s/07/1997 |













pase ps
NY nN
oO ~~










132 | MITCHELL HUMES

FOX HILL 04/01/2003 -
FOREST DRIVE 6/08/2004
FREEPORT, GRAND 18/11/1990
BHAAMA

ELROY FARRINGTON PRATTS ALLEY 07/05/2006

_ _




133 | WAYNE BASTIAN




134 | TRUMAN KNOWLES




ever eaeneotaee
eee. ed LYNES LANE OFF 08/04/2005
WULFF ROAD .

142 | AVIS'S. MUNROE LILLY OF THE VALLEY j 06/02/2007
CORNER

143 | JAMES ADDERLEY LEWIS YARD 05/01/1995

12/08/1995

05/06/2001












144 | ANTHONY WONG SANDS ROAD





MEADOWS STREET

150 | PAUL GREENSLADE RUPERT DEAN’S LANE | 26/04/2005
151 | ISANORA D. ADDERLEY TUCKER LANE 25/03/2007






152 | ROBERT KERR STRACHAN’S ALLEY | 30/09/2007
OFF KEMP ROAD
153 | JAMES ROMER BEL-AIR ESTATES 01/12/2006












PAGE 12B, MONDAY, MARCH 3, 2008

THE TRIBUNE





The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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

@ By NEIL HARTNELL
Tribune Business Editor

lons per day, removing a sig-
nificant financial burden from
its back.

Phenton Neymour, minister
of state for utilities, told the
House of Assembly last week
that Consolidated Water had
met the target of reducing the
Corporation’s non-revenue
water losses by one million gal-
lons per day or 438 million gal-
lons per year.

CONSOLIDATED Water,
the BISX-listed operator of the
Blue Hills reverse osmosis
plant, has met its contractual
obligation to reduce non-rev-
enue water leaks from the
Water & Sewerage Corpora-
tion’s New Providence intra-
structure by one million gal-







Visit our website at www.cob. edu.bs
MEET THE WRITER &
BOOK LAUNCH

Tuesday, 4th March at 6:00 p.m.
Chapter One Bookstore










Dr. Nicolette Bethel will share some readings and excerpts
from her books Essays on Life and The Children's Teeth.

PLACEMENT EXAMINATION

The placement examination for the Fall 2008 semester is as follows:












Wednesday, sth March Thursday, git March Friday, qth March






































Aquinas College Government High School St. Andrews

Queen’s College R. M. Bailey High School St. Anne’s High School

C.I. Gibson C.C. Sweeting High School Westminister

Charles W. Saunders Temple Christian Mt. Carmel Preparatory

C. R. Walker . Faith Temple Christian Bahamas Academy

Doris Johnson Secondary Academy St. John’s College

St. Augustine’s College C.V..Bethel Secondary Nassau Christian Academy
Kingsway Academy Prince William High School






All Family Islands



Saturday, gth March
All applicants who are not currently enrolled in high school or out of school applicants

All exams will be administered at the Kendal G.L. Isaacs gymnasium beginning at 8:00 a.m.
Students should be attired in their school uniforms and bring with them their school ID cards or
a passport, two pencils and a ruler. For more information please call 302-4499 or email
admissions@cob.edu.bs ,








P 8 43 OFS RM A ORE OME OE

The College of The Bahamas is accepting applications
for The President’s Scholars Programme.

CRITERIA

A minimum cumulative
grade point average of 3.50
SAT scores of 1800

Must be a high school senior
Must be a Bahamian citizen.
Must pass at least 7 Core
BGCSE Subjects (with 5 A
GRADES) by the end of
this year’s sitting.





BENEFITS

- Full payment of tuition
and general fees

- Annual book allowance

- Retreats

- Study lounge complete
with computer, printing
and faxing privileges

- Leadership workshops
and conferences

- Domestic & International travel

- President’s Scholars award at Commencement



Application deadline Mar 31, 2008
Applications online at www.cob.edu.bs
Fax 302-4329) Tele 302-4589
Office of Student Leadership Room A 85







THE INTERNATIONAL LANGUAGES AND CULTURES INSTITUTE - THE COLLEGHUNIVERSITY OF THE BAHAMAS
EVENTS CALENDER 2008 (REVISED FEBRUARY 19", 2008)






LECTURERS / PARTICIPANTS
























I March 28 PowerPoint presentation: Leccure and slide show by L. Moss Monnings Building
Briday VICTOR HUGO ~ Bevond LES MIZ ‘ - Room 2a 6:30
Apnl 11 HAITIAN FILM Slide presentation: Leger, SCCA Munnings Building





Room 2 ut 6.30
Munnings Suilding
Room 2 at 6:30

Band Shell from 9:14) AM



(title to be announced)
Austrian Movie:
SISSY
HATH AN FLAG DAY

April 25 Presentation by Anstaan Consul, Mr. Emst Rumer
May 17"
Saturday



Pare and celcbration of Haitian coluure













May 23 “TCLASSICAT. MUSIC EVENING Piano solos by 1. Moss; ~T Munnings Building 1
Friday Cello: piano ducts by H. Peloguin & I. Moss { Room 2 at 7 PM i
NOTE: ALL EVENTS ARE SUBJECT PLEASE CALL US PRIOR TO ANY | 302-4584

_| TO CHANGE EVENT TO CONFIRM 3012-4587 |

Dates are subject t change.



BISX-listed firm ’s
water loss boost |



TAM AG McRae kms

Mr Neymour confirmed:
“Having met the non-revenue
water target, Consolidated
Water has fulfilled its contrac-

tual obligations and the Cor-

poration is now faced with the
additional cost of paying for
that one million gallons per
day that it was receiving for
free. This alone translates into
an added cost of approximate-
ly $1.1 million annually.”

He did not, though, confirm
the date upon which Consoli-
dated Water had met the tar-
get, or comment on the
$618,000 that the BISX-listed



company had been seeking
reimbursement for.

In its last quarterly 10-Q fil-
ing with the Securities &
Exchange Commission (SEC),
Consolidated Water said it was
seeking reimbursement of that
sum because it believed it had
completed the non-revenue
water project in March 2007.

As a result, it. wanted to
recover the cost of the 1.2 mil-
lion free gallons of water per
day it had been supplying to
the Corporation over the seven
months between March-Octo-
ber 2007.



Rick McTaggart, Consoli-
dated Water’s chief executive,
said the cost of providing free
water to the Corporation had
“depressed” profit margins at
the Blue Hills plant. Yet the
project would save the Corpo-
ration $2.5 million per year, he
added.

The cost of supplying the
Corporation with those 1.2 mil-
lion free gallons per day was
$200,000 during the 2607 first
quarter, Consolidated Water
had revealed previously, push-
ing operating costs higher and
reducing gross margins.

TO BAHAMIAN LAND OWNERS,
DEVELOPERS AND INVESTORS:

REQUEST FOR
~PROPOSALS

LONG -TERM LEASE OF
EXECUTIVE STAFF RENTAL HOUSING

Baha Mar Development Company Ltd. invites proposals from Bahamian land

owners, developers and investors to build and lease to. Baha Mar on a long-

~ term basis a total of approximately 150 multi-family residential housing units

located in developments of at least 30 units each, conveniently located to Cable

Beach for occupancy by the executive staff of Baha Mar, Caesars Bahamas

Management Corporation and Starwood Hotels & Resorts Worldwide Inc. and

their respective contractors, consultants and suppliers.

For further information or to obtain a proposal package contact:

Steven Katz

BAHA MAR DEVELOPMENT COMPANY LTD.
Email: skatz@bahamar.com Tel: 242.677.9081

'



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with et

a: 104 No.86
a

Fatal shootings occur less Defence Force are on ete prea |

BF ot

—f Hutchison
in Arawak

Cay port
ET ma ed

than 90 minutes apart

By PAULG
TURNQUEST
Tribune Staff Reporter
-pturnquest@tribunemedia.net

THE country has recorded
its 14th and 15th murders for
the year with two fatal shoot-
ings occurring on Saturday
morning less than 90 minutes
apart. —

According to police press
liaison Assistant Superinten-
dent Walter Evans, a 24-year-
old male resident of Taylor
Street was at home watching
television while his three-year-
old daughter and his girlfriend
were asleep in the house.

Kicking in the front door at
about 4am, ASP Evans said it
is believed that gunmen
entered the home and opened

- fire, hitting 24-year-old Jacoby

Thurston i in the head area and ©

about the body.

Thurston died at the scene.
His daughter and girlfriend
were unharmed during the
shooting.

The police reported that a
vehicle was heard speeding
away from the area shortly
after the gunshots were ini-
tially heard.

Less than 90 minutes later,
four passengers in a Ford
Explorer were leaving the
Cowpen Road area around
5.20am. i

The female otcupant and

three male passengers were |.

stopped by three masked men
— one of whom it is reported
was armed with a shotgun. All
four passengers were ordered
out of the vehicle and forced
to the ground.

The woman was robbed of
an undetermined amount of

SEE page 12

Grand Bahama records first
_ traffic fatality of the year

SATURDAY morning Grand Bahama recorded its first traffic

fatality for the year.

At about 8.10 am Saturday, Jermaine Anthony Batson, 27, of West
End, was driving his champagne coloured 1993 Honda Accord r/n
43631; east on Queens Highway, reportedly at a fast rate of speed.

_ In the vicinity of Holmes Rock, Batson lost control of his vehicle,
‘careened off the road onto the southern verge and crashed into a

large wooden utility pole.

The vehicle was split in half on impact and Batson, who was the sole
occupant, was ejected, landing some distance away ftom the wreckage.
The vehicle was totally demolished and the utility pole was split near

the top. ,

Batson sustained many severe injuries and was pronounced dead at

the scene by a responding doctor.

At the time of the accident, the weather was good and the road in

that area is in good condition.

As traffic police continue their investigation into this fatal ‘accident,
Chief Superintendent Basil Rahming, urged motorists to obey the
speed limits and to drive with due care and attention at all times.





BAHAMAS EDITION

ee + Fy ~~
eo = Fi 7

2 a x
fo

AF pauls to Rawson Square.

Vy tents Laing to ‘come
OCT Mo wel IC OTIS
duty tax lowering involvement

a aes
@ By PAUL G TURNQUEST
Tribune Staff Reporter

pturnquest@tribunemedia.net

MINISTER of State for
Finance Zhivargo Laing was given
a second chance to “come clean”
on his alleged involvement in the
lowering of a Custom’s.duty tax
for his sister-in-law by PLP St
Thomas More MP Frank Smith
yesterday. |

Warning that he and his par-
liamentary colleagues will com-
ment extensively on the Minister
of State’s report of no wrongdoing
in the House of Assembly today,
Mr Smith en¢eouraged Mr Laing
to “come clean.”

In the House of Assembly last
week Thursday, Mr Laing denied
any wrongdoing in the matter,
which saw the lowering of cus-
tom’s duty on the Brazilian berry
drink from the 45 per cent cus-
toms duty category, to the 10 per

Frank Smith

cent category.

He said that his brother, Tyrone 7
Laing, had telephoned him in Sep- ;

SEE page 12





THE ROYAL Bahamas Defence Force held their annual siurch service yesterday as i mnetohed from

he

The Bahamas ‘has
become transit point
for cocaine shipments

from Venezuela’

By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net’ .

THE Bahamas has in the
past two years become a new
transit point for large cocaine
shipments from Venezuela,
according to the United
States’ 2008 narcotics report:

In the 2008 International
Narcotics Control Strategy
Report (INCSR), released by
the US State Department on
Friday, it was stated that intel-
ligence sources suspect that
multi-tonne cocaine shipments
to the Bahamas and the Turks
and Caicos Islands from
Venezuela and Colombia took
place during 2007.

“However, none of these

SEE page 11

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Police seek the
identity of man
believed to have
hanged himself

POLICE are seeking the pub-
lic’s assistance to identify a per-
son who they believe committed
suicide by hanging himself in a
bushy area near the southern
end of St Augustine’s College

_ over the weekend.

The badly decomposing body,
which was found hanging from.
a tree with a cord around the
neck in the vicinity of Spring-
field Road, is believed to have
been there for “several days.”

According to police press liai-
son officer Walter Evans, the

"actual cause of death will be

determined: upon completion of .
an autopsy. He also reported
that the police have no infor-
mation on the identity of the
victim who he described as
being dressed in a short sleeve
shirt and green trousers.
Anyone who had a male rel-
ative or friend missing is asked
to call 919, 502-9991, 328-TIPS,
or their nearest police station.

~The Bahamas’

_ classification
changed in US

narcotics report

@ By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net

THE United States in its
latest annual narcotics report
has tacitly changed the
Bahamas’ classification from
a major transshipment coun-
try for drugs, to a transship-
ment and drug producing
country.

The US State Department
in its 2008 International Nar-
cotics Control Strategy

| Report INCURS), released
on Friday, found that
domestic drug production in

| the Bahamas is on the rise.

For several years now, the
US State Department has
reported that the Bahamas is
considered neither a signifi-
cant drug producer, nor a
producer of transit point for
drug precursor chemicals.

However, in the 2008
INCSR, the US simply men-
tions that the Bahamas “is
not a producer or transit
point for drug precursor
chemicals.” The “not a sig-
nificant drug producer”

SEE page 12






























PAGE 2, MONDAY, MARCH 3, 2008

_ THE TRIBUNE



Effort to remove oil tanker |

is expected to start today

THE effort to remove the Shell
Oil tanker from where it is
grounded off Goulding Cay, near
the western tip of New Provi-
dence, is expected to start today.

A barge, organised by an inter-
national salvage company, was
expected to arrive in the Bahamas
late last night or in the early
morning hours of today to assist
in removing some of the 120,000
oil barrels from the tanker
“Ficus.”

Port Controller Captain
Anthony Allens told The Tribune
on Friday that without the bar-

rels of oil to weigh it down, it is
thought it will be easier to move
the 44,788-tonne vessel from
where it ran aground on a rocky
underground peninsula near
Goulding Cay on its way to
Clifton Pier last Wednesday.
The vessel’s double hull is still

‘intact and it is not expected that

any of the oil will leak into the
water.
Minister of Labour and Mar-

itime Affairs Dion Foulkes is.

expected to give an official
update on the situation this after-
noon.







Aue

worth of



marijuana seized





in two incidents on Potter’s Cay Dock

@ By PAUL G TURNQUEST
Tribune Staff Reporter
pturnquest@tribunemedia.net

POLICE reported two sig-
nificant drug arrests over the

weekend when more than
$160,000 worth of marijuana
was seized in two separate inci-
dents at the Potters Cay Dock.

Yesterday, officers from the

-Drug Enforcement Unit went



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to Potters Cay dock shortly
after 10am where they saw a
vessel, which had just arrived
from Grand Bahama.

Inside a trailer, officers dis-
covered 18 clear packages of
marijuana weighing 156
pounds. The drugs have an
estimated street value of
almost $160,000. No arrests
have been made in connection
with this matter.

On Friday morning, shortly

after 9.30am, officers. again.
‘from the Drug Enforcement

Unit, acting on a tip, went to
Potters Cay Dock where they
saw two’men in a 2001 Toyota
vehicle pull up to a vessel and
collect a box.

As the vehicle drove off, it
was reported that the police
stopped the men, and a search
was carried out. Officers dis-
covered 11 pounds of marijua-
na divided into eight clear plas-
tic packages and one brown
taped package.

In addition to this, police
press liaison officer Walter
Evans reported that the two
men had in their possession a
large sum of cash.

“Police arrested a 45-year-
old New Providence man and a
28-year-old Exuma man in
connection with the matter. It

is likely that both will appear”

in court as early as Monday,
March 3, 2008,” Mr Evans said.

| - Watermaker

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galley and storage area. Her salon is large and roomy with
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- Horsepower = 540 Each
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- 165 Gallon Capacity Water
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For More Information Contact Captain Bowe
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THE TRIBUNE

HF

~

MONDAY, MARCH 3, 2008, PAGE 3



Oln brief

Local doctor
is robbed at
knifepoint

m@ By DENISE MAYCOCK
Tribune Freeport
Reporter
dmaycock@tribunemedia.net

FREEPORT - A local
doctor was robbed at knife-
point on Saturday while
catching a ride with two men
to Freeport from the Dead-
man’s Reef area.

A 22-year-old Freeport
man, who is believed to be
involved in the incident, was
taken into custody by police
early Sunday morning. A
second man is still at large.

Chief Supt Basil Rah-
ming, press liaison officer,
said a doctor reported to
police that he was robbed
sometime around Spm by
two men who were assisting
him with a ride home.

The doctor told police that
he had dropped his vehicle
off at his mechanic in Dead-
man’s Reef to be repaired.

He got a ride with two
men in a white Buick car
who said they were going
into Freeport.

On arrival in Freeport, he
said the men turned off
through a side corner, where
the driver pulled out a knife
and held him up. He was
robbed of cash and other *
personal items.

He said the culprits then

sped off leaving him standing

in the street.

Supt Rahming said police
launched an island-wide
search for the culprits after
receiving the report.

He said a Central Detec-
tive Unit officer arrested one
of the suspects — a 22-year-
old resident of Cabot Drive

‘— sometime around 1.25am.

on Sunday. The white Buick
believe i to be involved in
the incident was also
impounded by police.

Mr Rahming said officers
are still searching for the sec-
ond suspect.

Police are also investigat-
ing another armed robbery
incident that occurred Satur-
day evening involving a
woman taxi-cab driver who
was robbed by a male pas-
senger.

According to reports, the
woman cab driver was dis-
patched to Guilford Cres-
cent around 7.20pm to col-
lect a fare.

Upon arrival at that loca-
tion, she collected a young
man who asked to be taken
by St John's Jubilee Cathe-
dral on Settlers Way.

When she arrived at that
location, the young man then
told her to take him further
up Settlers Way by the
Church of God Fairfield.

When she arrived there,
he then told her to go further
east on Settlers Way, but she
told him that she was not
going any further.

She told police that the
man suddenly pulled out an
object and held it to her side.
He grabbed a sum of money
from her shirt pocket and
then fled into the bushes.

The cab driver radioed her
dispatcher and reported the
incident.

Mr Rahming said by the
time police units arrived in
the area, the culprit had
already escaped into the sur-
rounding area.

Police are continuing their
investigations.

aie
UU EY
aad R ah
PHONE: 322-2157

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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



@ By KARIN HERIG
Tribune Staff Reporter
kherig@tribunemedia.net

WITH the country facing
numerous new economic chal-
lenges, Prime Minister Hubert
Ingraham encouraged South
Floridian businessmen to consid-
er investing in the Bahamas.

Mr Ingraham, who addressed
members of the Latin Builders
Association (LBA) at a luncheon
in Coral Gables on Friday after-
noon, highlighted what the
Bahamas has to offer and encour-
aged those attending to not only
visit the country, but also “to con-
sider opportunities for investment
for our mutual benefit.”

Notwithstanding the Bahamas’
successes in the tourism industry,
the prime minister said that the
impact of the Western Hemi-
sphere Travel Initiative (WHT) —
which requires US citizens to be in
possession of a passport to regain
entry to their country following a
visit to Bahamas — “has been sig-
nificant, curtailing impulse visits to
our islands by many residents of
South Florida.”

“And, the economic down-turn
in the US, the high and increasing
cost of fuel, the sub-prime melt-
down, the resulting impact on the
US housing market, and the fur-
ther weakening of the US dollar
all combine to create new chal-
lenges for us,” he said.

Mr Ingraham told the LBA -

members that the Bahamas is at
this point particularly interested in
attracting international capital
investments in the following areas:

Umbrellas ;
oan Wee

LOCAL NEWS

PM encourages Floridian businessmen
~ to consider investing in the Bahamas



PRIME MINISTER Hubert Ingraham, centre, with executives of the
Latin Builders Association at the organisation's regular luncheon meet-
ing held at the Westin Colonnade Hotel in Coral Gables, Florida on Fri-

day, February 29, 2008.

Tourism resorts; second-homes;
marinas; information and data
processing; assembly and high-
tech industries; ship registration
and ship repair services; manu-
facturing and captive insurance.

The prime minister also spoke
about some of the Bahamas’ new
and upcoming developments,
including projects on Paradise
Island and Baha Mar.

Mr Ingraham told the LBA
members that new investment
opportunities are now also open-
ing up in Grand Bahama.

“The picture is also improving
in Grand Bahama where the fall-
out from two terrible storms in
2004 and 2005 placed a damper
on resort activity. The climate is
now beginning to improve with
the acquisition earlier this year,
of the former Royal Oasis Hotel
in Freeport by the Harcourt
Group of Ireland.

“Additionally, the promise of
considerable resort and residential
development by GINN in West
End, Grand Bahama is creating
new business and employment

opportunities as the site is made ~

ready for development,” he said.

The prime minister pointed out
that interest in resort develop-
ment in the country’s Family
Islands continues to grow.

Mr Ingraham mentioned the
Four Seasons, which presently
operates the Emerald Bay Resort
in Exuma, as well as the upcoming
five-star hotel and residential
development at Baker’s Bay on
Great Guana Cay in the Abacos.

However, the prime minister
emphasised that the Bahamas is
looking to attract environment-
friendly resort developments that
would not be unduly disruptive
to small communities in those
islands.



Cost: $325 per person

Includes transportation, accommodation, meals and tours.

Registration and payment must be made at the BNT
headquarters, Village Road, Monday to Friday, 9am to 5pm



BIS Photos

PRIME MINISTER Hubert Ingraham delivers the keynote address at the
Latin Builders Association's regular luncheon meeting held at the West-
in Colonnade Hotel in Coral Gables, Florida on Friday, February 29, 2008

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PAGE 4, MONDAY, MARCH 3, 2008

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., LLB.

Published Daily Monday to Saturday

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

TELEPHONES

Publisher/Editor 1972-

Switchboard (News, Circulation and Advertising) 322-1986
Advertising Manager - (242) 502-2352
Circulation Department - (242) 502-2387
Nassau Fax: - (242) 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608



GENERALLY Bahamians are not a disci-
plined people. They do what they want, when
they want and how they want. They slip by with
as much as they can get away with and their
venial sins only become mortal if they are
caught.

Bahamians are concerned about crime and
they want government and the police to put an
immediate stop to it. They forget that they are
the ones who have to get themselves and their
families in line, and adopt a different attitude
towards the petty offender, be he friend, fami-
ly or party stalwart.

They recognise that the only way to stop
crime is to start with the little things — enforc-
ing the law on all fronts no matter how trivial
the transgression. They give lip service to “zero
tolerance”, and will go so far as to agree that it
is a good concept that should be applied to
everyone, except, of course, “my mother’s
favourite son.”

The schools have started to strictly enforce
school rules, and some parents have squealed.
The Defence Force, which unfortunately has
had a questionable record over the years, now
has a Commodore who is committed to raising
standards — and, of course, he is starting with
discipline. Junior officers are regularly subject-
ed:to summary trials for various minor breach-
es. But, apparently, senior officers have been
among my “mother’s favourite sons” and have
slipped by unscathed. Of course, such behaviour
destroys discipline and breaks down respect.

Now forthe first time in the 28zyear history=-=>

of the force a senior officer is to be court mar-

tialled. The fact that he is beinggggurt mar-ayaeeey

tialled does not suggest that he has committed
a serious offence, but apparently under the Act
if any senior officer commits an offence, no
matter how minor, he must face a court martial.
This establishes that no one is above the law,
and the rules are not just there for the ratings.
This is the.only way that Bahamians can start to
learn that rules have been made to be obeyed,
and the law is not to be laughed at. If this can be
established at the top, then the grassroots
offender can no longer point to the top and
say: “If he (the big man) can do it, why can’t I?”

We now have the situation of the Broadcast-
ing Corporation of the Bahamas and the PLP
over their convention broadcast times. And
once again we come face-to-face with the atti-
tude that rules are necessary as long as they
don’t touch “mama’s‘favourite sons.”

For their party’s three-day convention the
Broadcasting Corporation agreed that the par-
ty was to have three free broadcast hours each
night — 11pm was to be the cut off time. The
corporation told the party that if the convention
ran late the party would have to put down a

obcat
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PLP should set better example



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deposit to pay for it. If they did not need the
extra time, and did not use the deposit, then it
would go towards paying the PLP’s outstanding
debt owed the corporation and by extension
the Bahamian people. The PLP did not take

them up on this offer and, obviously, agreed to

the cut off time of 11pm.

Mr Michael Moss felt as chairman of the cor-
poration he was not at liberty to disclose the
PLP’s indebtedness to the corporation. He left
that to the Prime Minister. However, a PLP
website indicated that it must be a large sum,
because according to Mr Moss the corporation
had only asked for a deposit that would go
towards reducing the debt. Said the website:
“The notion that the PLP had to come up with
$6,000 to get half an hour of additional coverage
and no one being able to make a decision to
extend the time seems ludicrous. In fact, it is
ludicrous that the PLP has to pay for coverage

“at all. The fact is the content of the convention

is a matter of public interest and it should be the
stations that pay the PLP for having the right to
cover it. Not the other way around.”

What presumptuous brass! Based on that
argument, and the fact that ZNS is'the peo-
ple’s station, no one should have. to pay anything
for air time — afterall it’s the people’s own
station, and their opinions are also important.
Certainly that was not the argument that the
PLP would have used when it was the govern-
ment, and the FNM was in opposition, as Mr
Moss reminded the PLP in his letter to the
press.

The PLP were complaining that on the first

night of the party’s convention their keynote

speaker, PLP deputy leader Cynthia Pratt, was
cut off at 11pm. Said the PLP website: “She
was in the middle of her address to the country
at. the PLP’s convention on Wednesday, 20th
February when the publicly-owned broadcasting
station ZNS decided that they had enough of
the PLP and cut the coverage off in the middle
of the speech. Some blamed the PLP for always
running over time.

“But the fault is clearly the station’s; the fact

is she was the keynote speaker, the Deputy:

Leader of one of two major political parties in
the country.”

All the more reason why the PLP should
have set an example to a country trying to intro-
duce “zero tolerance” into its affairs. Having
agreed a contract what right did the PLP have to
expect any special favours?

In fact we were told by the station that Mrs
Pratt was not cut off. The party was running
so late with its programme that the station had
shut down before Mrs Pratt had even got to
the podium.

e We shall return to this subject tomorrow.

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ACADEMIC SCHOLARSHIPS
Application Is Open

The Lyford Cay Foundations are pleased to announce that -
applications are now being accepted for academic scholarships
for study at the undergraduate, graduate and doctoral levels
at colleges and universities in the U.S., Canada, U.K. and the

Applicants must be Bahamian citizens and pledge to return
to The Bahamas upon graduation.

Please visit our website at www.lyfordcayfoundation.org for
additional information and application forms.

Forms may also be obtained from high school guidance
counselors, The College of The Bahamas Financial Aid Office,
and the Lyford Cay Foundation office. Please address your
application to: The Chairman, Screening Committee.

DEADLINE FOR ALL APPLICATIONS IS MARCH 31, 2008.

The Pied —

Feeney

Pipers of |
The Bahamas

EDITOR, The Tribune.

At the PLP's recent con-
vention the speakers spent
considerable time lamenting
the fact that the FNM have
not implemented their much
ballyhooed National Health

Insurance scheme.

Their intention, if re-elect-
ed in May 2007, was what
amounted to a hostile take

“over of the health care indus-

try.
Promising that no Bahami-
an would have to endure the
hardship of cookouts to raise
money to help defray medical
expenses ever again.

But as Greg Mankiw, pro-
fessor of economics at Har-
vard points out, people in
Britain, where they have had a
form of NHI for 60 years, still
have to raise money for health
care services.

He writes in a recent blog:

“Some people like to think
of health care and education
of basic human rights. Maybe
they are. But they are also
normal goods. That is, the
income elasticity of demand
is positive. It is hard to escape
the conclusion that the right
cost-benefit calculation for
providing the good depends
on the income of the con-
sumer.”

“Achieving both efficiency
and equality in the provision
of these goods is impossible.

We will not be abused




LETTERS

letters@tribunemedia.net



Dealing with this conflict will
provide a major challenge to
the political system in the
years to come.”

Not to be out done, the
FNM appears to-be playing
politics with the NHI now by
saying they are in favour of
such a scheme. Some say they
have to make people believe
they want nationalised health
care as that is the 'political
thing' to do.

Of course many politicians
don't realise that the Pied
Piper of Hamelin was a fairy
tale.

The difference with the
NHI story is adults are being
sold a bill of goods that will
further enslave their children
to an even larger debt load for
the country and the attendant
tax burden.

The Bahamas has endured
the 'political' thing being done
for too long. Just look where it
has led. Failed public educa-

~ tion, failed public health care,

among many other failed pub-
lic institutions and services.
It's high time some eco-
nomic principles were applied
to government services and
that most certainly does not

include nationalising neal
care.

And how might that be
accomplished?

As Nadeem Esmail, of The
Fraser Institute, suggested in
his analysis of the Blue Rib-
bon Commission's plan, the
cleanest solution to the health
care problem is for govern-
ment to mandate that all
working employees buy their
own health care insurance. »

This would leave the unem+
ployed and indigent for the
government to take care of
through a catastrophic health
plan. While as a general prin»
ciple government mandates
are not the best thing for a
free society, it sure beats
nationalising health caré.
Some compare it to the law
that forces drivers to buy veht

cle insurance.

There is no other course
for a viable future.

Unless the PLP or FN
have a wizard in their back
pocket, wiping every tear from
every eye, and creating a

. national health insurance

scheme whereby no Bahamia
will ever have to raise money
to pay for health care services,
or do without services again, 18
a pipe dream. A mere bill of
political goods *
The Nassau Institute
Nassau, ¥
February 28, 2008.

by Florida

- not for an ocean full of dollars’:

EDITOR, The Tribune.

I continue to read Sam Dun-

combe’s plaintiff cries for the
safeguarding of our Bahamas,
particularly its God-given pris-
tine environment.

Our friends from the North
would wish to invade, pollute
and destroy God’s most pre-
cious gift to the Bahamas.

I write to assure her, the Gov-
ernment and all Bahamian
patriots that she’s not a voice
crying in the wilderness.

WE, THE PEOPLE DO

‘CARE!

I agree with Ms Duncombe
that Florida should be looking
at other alternatives to meet its

’ demands for natural gas.

We will not sell our souls and
our children’s patrimony to

- Florida while they preserve

theirs for themselves and their



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generations te come. Instead of
passing on to us and our chil-
dren the risk of calamity I sug-
gest to Florida (as I have done

before) that they install their

LNG projects — one on Lake
Okeechobee and another in the
Everglades.

They cherish their natural
reserves as much as we cherish
ours therefore I am certain
Florida will not risk that.

And we need Florida and the
Government of The Bahamas
to understand, appreciate and
respect this. If Mr Pindling were
in charge this could not happen
— no way.

If Florida is serious and if it
respects The Bahamas as
friends.and neighbours it would
understand that The Bahamas
will not be abused by Florida
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There are some things that
Florida’s money cannot buy:
Our dignity, our integrity ant
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May that be so for gener
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We have no desire to be
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THE TRIBUNE



Kerzner donates $20,000 to Royal (BED BATH & HO!

Bahamas Police Dependants Trust

$140,000 donated to 28 other community-based organisations



ARBORSIDE RESORT at Atlantis presents special Olympics Bahamas with

,000 — Harborside Resort at Atlantis, Vice President and General Manag-
er, Judith Thompson at left presents Basil Christie, National Chairman of
qe Olympics Bahamas, with $5,000 during the ninth annual Kerzner
International Community Service Awards.

“f
‘{ THE children and families
of slain police officers and offi-
cers injured in the line of duty
will benefit significantly from a
$20,000 donation which Kerzn-
‘ar International made to The
Royal Bahamas Police Depen-
dants Trust on Friday during its
ninth annual Community Ser-
vice Awards. Kerzner also
donated an additional $140,000
to 28 local charitable organisa-
fions that have positively affect-
ed the social and moral fabric
of the Bahamian society by
assisting the youth, elderly as
well as the underprivileged.

,, George Markantonis, Presi-
gent/Managing Director of
Kerzner International, said,
“We are delighted on behalf of
‘the 9,500 associates of Kerzner
International and their families
o present this cheque to you.
it’s timely and a worthy cause
‘4nd is part of our commitment
‘to the community. Some $25
million dollars have been put
into the community in various
charities and events since the
initiation of the Community Ser-
vice Awards in 1994.”

“It’s almost a fund that we
wish will never have to be used,
but in the realities of today’s
world that’s not how it works,”
said Mr Markantonis. “And cer-
tainly. the tasks of the police offi-
cers is a major one for every-
one in this community, whether



its residents or citizens of The
Bahamas or tourists. It’s a proud
thing for us to support those
people who day and night are
protecting us...”

Accepting the award on
behalf of The Royal Bahamas

Police Dependants Trust were

Grafton Ifill Sr, former Assis-
tant Commissioner of Police,
and a member of The Royal
Bahamas Police Dependants
Trust along with Dorothy
Phillips, Secretary of The Trust.

“The purpose of this Trust,
which is now a legal entity, is to

provide funds and support for

children and the family of police
officers slain in the line of duty.
Everyone knows what’s hap-

. pening in the world today and

this is a very worthy cause. We
laud people like Kerzner Inter-
national,” Mr Grafton com-
mented while noting that the
funds will be put to good use.
Currently, proceeds donated
to the Trust are used to assist
with the education or school
allowance for some 28 children.
Of that 28, three young persons
are currently receiving assis-
tance while attending universi-
ties in the United States and
Canada. ,
Also making a special pre-
sentation was Harborside
Resort at Atlantis, Vice Presi-

dent and General Manager, °

Judith Thompson who present-

THE BAHAMAS Crisis Centre receives $5,000 during Kerzner’s Com-





munity Service Awards — Sandra Neville, Deputy Director of The
Bahamas Crisis Centre is presented with $5,000 to assist the centre by ,
Harborside Resort at Atlantis, Vice President and General Manager,

Judith Thompson.

E

tor of Kerzner International.

ed Basil Christie, National
Chairman of Special Olympics
Bahamas and Sandra Neville,
Deputy Director of The
Bahamas Crisis Centre with
$5,000 each.

“It is a pleasure to represent
Harborside Resort at Atlantis
and to make this presentation
to you. We certainly feel that
we are partners with Special
Olympic Bahamas and it’s-cer-
tainly a privilege of mine to con-



KERZNER presents the Royal Bahamas Police Dependants Trust with
$20,000 — Pictured from left to right at Kerzner International’s ninth
annual Community Service Awards is Nan Palmer, Chief Operating Offi-
cer of Kerzner International, Dorothy Phillips, Secretary of The Royal
Bahamas Police Dependants Trust, Grafton Ifill Sr, former Assistant
Commissioner of Police and a member of The Royal Bahamas Police
Dependants Trust, with George Markantonis, President/Managing Direc-

PHOTOS: Joshua Yentis/Courtesy of Kerzner International

tinue the tradition that has been
going on for seven years now,”
Ms Thompson commented.
Both organisations thanked
Harborside at Atlantis and
Kerzner International for its
continued assistance over the
years, while pointing out that
they are making notable
progress in their various com-

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THE TRIBUNE



LOCAL NEWS



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Minister of Works and Transport
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CABINET ministers, dig-
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munity leaders are expected
to be among more than 150
persons present for the official
opening of Emerald Coast, a

‘$70 million subdivision in

South West Ridge, March 6.
Considered one of the most

significant investments by .

Bahamians on the island of
New Providence in recent his-
tory, Emerald Coast will be
officially opened by Minister
of Works and Transport Earl
Deveaux.

“We are very excited about
this project, not only because

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of the beauty of the setting
with nearly six acres of pre-
served natural wetlands on
the lakefront, but because
every conceivable square inch
from planning to design to
execution is being done by
Bahamians,” said Judy
Munnings Deveaux, chairman
of JEM Real Estate and Pres-
ident, Emerald Coast.

The secure gated commu-
nity consists of 126 lots on 37
acres with a combination of
single family residences and

‘townhomes.

One of its major selling fea-
tures is a pavilion and board-
walk overlooking Lake Kil-
larney with views of the large
interior body of water —
rarely seen by Bahamians
except during a flight — with
its extensive necklace of man-
groves, and the birdlife it
attracts, tall herons, egrets,
numerous species of duck and
the familiar sight of coots and

' gulls. Located on the south

side of JFK Drive, about a
mile and a half inside the mas-
sive South West Ridge area,
Emerald Coast is accessible
by either JFK or Gladstone
Road.

The subdivision was initial-
ly unveiled with a soft open-
ing followed by an open
house of its first model with
30 lots selling in the first
month. Since then, there have
been several additional sales
and home prices that started
at $245,000 have climbed to
$330,000 for a three-bedroom,
two-bath residence with near-
ly 1,600 square feet under
roof, central air conditioning
and nine foot ceilings. Lot
prices start at $90,000. This
official opening will be fol-
lowed by an on-site housing
fair with participating part-
ners including furniture and
appliance stores, financial
institutions, insurance
providers and others March
15.

“Clearly there is a demand

atte:

Earl Deveaux

Judy Munnings



THE SUBDIVISION was initially ‘inveued with a soft opening
followed by an open. house of its first model.

for affordable, high quality
single family and villa resi-
dences in a secure communi-
ty,” said Ms Deveaux, who
began her career in construc-
tion and development with
her late father, Percy
Munnings, and has continued
on her own for more than a
decade, contributing to or
conceiving from start to
move-in the developments of
East Park Estates, Southern
Heights, Twin Lakes, and
Sunset Park.

‘ None, she said, has filled
her with the sense of awe as
Emerald Coast.

“We are immensely proud

of the quality of the work-
manship, the attention to
detail and the feeling of being
part of a community from the
moment you enter the gates
to the time you spend over-
looking Lake Killarney,” she
said.

“I believe we are building
more than bricks and mortar
here, we are creating a safe
haven for Bahamians where

families can thrive, where chil-

dren can ride a bicycle with-
out fear, where you can sit by
the lake and fish hearing only
the silence, where you can
enjoy what we all crave —a
true sense of community.”

WP RR SINE NNwnnqgUHM||||NT MOMMOiHKHWOUHHWHWWWY WP

OWA AMAA ANAASAg\dgygo\§» mn»nI,AMA_A9EPlgoM-__A_-AAGAIM__-_agQOHsFgS MAOMAPAMAFjSFiPFjSidlidSddSiF\SiSild dd NsysiNoaiI

Ww WWM

Lon Minns, winner of

_ Ocean Club’s punctuality
and attendance award
and Pia Rolle, Spa

Human Resources
Manager. PE mae

















he 200+ employees of exclusive, award-winning Mandara

Spa Bahamas Ltd. work tirelessly, devoting their energy,

strength, skills and training to relieving stress, soothing
sore muscles and beautifying the rich, famous and privileged
who visit the One&Only Ocean Club or Atlantis.

Those professionals are part of a fast-growing, booming $40
billion a year global industry that includes 14,000 spas in the US.
alone. To meet the demands of that increasingly sophisticated and
savvy client base, Mandara staff members constantly study and
train, perfecting new treatment options and updating their skills
in order to deliver exceptional service to guests on Paradise Island
seven days a week. In one fantastic instance of employee dedi-
cation, spa employees closed the former Mandara Spa at Royal
Towers at 8pm having served 350 appointments that day, and
opened the new spa at The Cove 12 hours later, having moved
all equipment and supplies in one night. The team opened the
new spa with a smile, serving 300 appointments that first day.
Their hard work and dedication were rewarded during an annual
awards ceremony.

L-R: Sara Maciver,
Ocean Club Spa
Director, Selena
Russell, winner of
Ocean Club Spa
Employee of the
Year Award 2007
and Youlanda
Deveaux, Regiona
Vice President,
Bahamas and
Caribbean.

2

x





QPrard- Donn MWandaca Spa Honows Top Spline





Atlantis

Silena Adderley



Kayla Hall

Shantel Roberts
Mentoring Award:

Nakisha Collie

Mik



And the Winners are:
One&Only Ocean Club

Desiree Chisholm

Most Improved Employee:
Phillippa Newbold

Punctuality and Attendance:
Chanelle McKenzie

Highest Retail Achiever:



Employee of the Year:

Selena Russell

Highest Achiever ~ Award of Excellence:
Carlethia Thurston

Best Appearance and Grooming:
Deshea Micklewhite

Best Guest Service Skills:
Fredrica McPhee

Dawn Coakley

Desra Mason

Lon Minns



The Regional Vice President’s I neprtonal Award:
va Humes

Meredith Culmer










































eee

SOOO MOOS SSF
THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 7



MEME =~. cae
aribbean countries should be

compensated for global warming

@ By Sir Ronald Sanders

| HE Caribbean is a vic-
tim of climate change
caused by larger countries and
yet no attempt is made to com-
pensate the area for the damage
being done to it by the profli-
gate emissions of harmful gases
by larger countries. +
The end of the hurricane sea-
son has always been a time of
relief for the islands of the
région, but it has become even
more so over the last decade as
storms have worsened both in
their intensity and frequency.
All,Caribbean countries,
including mainland territories
such as Belize and Guyana, are
already witnessing coastal flood-
ing and erosion, saline intrusion
into fresh water, changes in
rainfall patterns causing
droughts or floods, and enor-
mous damage to infrastructure.
Yet, it is well known that

small island states around the -

world, account for only 1 per
cent of the global emissions that
are linked by many scientists
and scholarly research to cli-
mate change.

Even when other small devel- .

oping countries are added to
the island territo-
ries, the green-
house emissions
do not increase by
much.

The United

first place with 30

per cent of all the

human-produced

greenhouse emis-

sions to date and
about 20 per cent of the current
yearly totals even though it
makes up only 5 per cent of the
world’s population.

China is very close behind
the US. On a measurement of
head of population its emissions
are much lower than the US but
its rapidly growing economic
activity suggests that by 2025 it
will surpass the US.

In a real sense, the countries
of the Caribbean are paying for

“the abuse by other countries.

_ Tourism is a significant con-
tributor to the economic devel-

opment of many Caribbean

countries bringing in some

US$20 billion in revenues and

employing about a million peo-
le.

Small Caribbean countries,
such as Antigua and Barbuda
and Grenada that are highly
dependent on tourism, know
well that major hurricanes can
destroy years of development
overnight and it takes years and
considerable financial invest-
ment to recover.

The private sector in the
region is particularly challenged
by the effects of climate change.

Hurricanes inevitably affect
hotels.

Located on the coastal areas,
as many of them are, they are
often the first casualties of
storms.

Premiums

Getting them functioning
again is not only a matter of
finding the money to rebuild
the physical infrastructure, it is
also the financial burden of con-
vincing the market place
through advertising and public
relations, that the country and
the property are open and ready
for business.

With insurance companies
raising premiums with each hur-
ricane, and commercial banks
charging high rates of interest
on loans, plus the high cost of
importing material, the cost of
doing business in the Caribbean
becomes increasingly more pro-
hibitive in the face of climate
change.

: rn (e(0) a) ;



This observation is true too ~

for non-tourism business.

Heavy rains and flooding
affect agricultural production
in the small islands and in the
mainland territories.

In Guyana, for instance,
heavy and unseasonable rain-
fall threatens the sugar and rice
industries and makes dry-
weather roads from the interior
dangerous if not impassable.

In turn, this affects the costs
of transportation in critical
areas such as forestry.

What all this adds up to is
that the region becomes less
attractive as an area for doing
business.

The question arises as to
what can be done about it? The
experts call for a programme to
be agreed at a global level that
would compel individual states,
particularly the major users of
fossil fuels to cut down on the
emissions of harmful gases.
Attempts to achieve this have
been lukewarm at best.

Despite the efforts of per-

States remains in.



Sir Ronald San

sons such as the former US Vice
President, Al Gore, with his
book and film, “An Inconve-
nient Truth”, the majority of
people in the industrialised
world have not been moved to
make changes to their lifestyles,
and many large corporations
have shown marked reluctance
to implement measures that
move away from the use of fos-
sil fuels since doing so would

‘erode their profits.

One salvation for small
island states and mainland ter-
ritories with low lying coast-
lands is that climate change is
beginning to affect industri-
alised countries as well.

Emissions

They too have low lying areas
that are threatened by the sea
and by rivers.

In this connection, there
have been efforts by some coun-
tries to curb their harmful prac-
tices.

The State of California in the
United States, for instance, has

CABLE BEACH

Mon.-Fri. 8am-6pm “a
Sat.8:30-5pm Surat

Ph: 327-8862
(Old City Market Bidg.):



introduced legislation to curb
emissions, and China is increas-
ingly using solar power to pro-
vide hot water for domestic use.

So far in the Caribbean, the
focus has been on measures to
mitigate the impact of climate
change.

These measures have been
viewed in the context of what
individual countries could do to
limit the damage caused by dis-
asters and how best they might
try to recover from them.

But, no Caribbean country
has sought to introduce into
trading arrangements the mat-

ter Uf compensation for the

damage being done to the
region by the emissions from
the industrialised countries.

Yet, if the Caribbean is so
low an emitter of harmful car-
bons but is a major victim of
the high emissions of many of
its trading partners, surely a for-
mula could be worked out by
which the Caribbean trades its
low use for meaningful devel-
opment assistance.

No doubt, the trading part-
ners such as the EU, who at 14
per cent, are the third largest
emitter of harmful gases, would
argue that such a discussion
should take place in an inter-
national forum such as the
World Trade Organisation
(WTO) or the Kyoto Protocol.

And, undoubtedly if the
Caribbean were to try to intro-
duce the notion of compensa-
tion for its low emissions and
damage caused by high emit-
ters, there would be consider-
able resistance.

But every journey starts with
a first step.

PRINCE CHARLES
Mon.-Fri. 7am-6pm

Sat. 8:30-6pm

Ph; 324-5476

www.sherwin.com * mears@coralwave.com

“Visit Your Neighborhood
Sherwin Williams Paint Store”

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printers

copiers

And, the Caribbean could
take the first step by introducing
the concept in the African,
Caribbean and Pacific group
and exploring whether, togeth-
er, they might advance the idea
in the international institutions
such as the UN and the WTO.



Responses to ronald-
sanders29@hotmail.com



(The writer is a business exec-
utive and former Caribbean
diplomat)





WAVES are shown pounding against the sandbagged seawall in
Kivalina, Alaska, Thursday, in this September-13, 2007 file photo. The
city of Kivalina and a federally recognised tribe, the Alaska Native vil-
lage of Kivalina, on Tuesday, February 26, 2008, sued Exxon Mobil
Corp. and eight other oil companies, plus 44 power companies and.
one coal company, claiming that the large amounts of greenhouse
gases they emit contribute to ol ohalwaay that threatens the
community’ Ss existence.

SPORTAGE

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PAGE 8, MONDAY, MARCH 3, 2008

DAIHATSU

FV atl 7




Window Van & Panel Van

(not shown)
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THE TRIBUNE

LOCAL NEWS

Education is in the Click

ON THE BUTTON: Children el forward to the Learning Channel Meee

THE Ministry of Education,
Youth, Sports, and Culture
has announced the broadcast
of its third season of Bahamas
Learning Channel pro-
grammes.

The BLC is a series of edu-
cational television pro-
grammes that are in keeping
with the ministry’s mission to
lead the educational and cul-
tural development of the

Bahamas.

The programmes air on
Cable Community Channel 12

-on Tuesdays and Thursdays

from 4 p.m. to 6 p.m. and on
Saturdays from 10:a.m. to



Ministry announces broadcast
of its third season of Bahamas
Learning Channel programmes

noon. The Bahamas Learn-
ing Channel appeals to a wide
audience as the programmes
have a strong educational
base, are relevant and appro-
priate for teachers, students
and the wider public.

The programmes’ successes
are also due to the fact that
they embrace new ideas and

concepts while utilizing the
latest production technologies.

So if stimulating the brain,
gaining valuable information,
and character development
are what you are interested
in, then remember to tune into
the Bahamas Learning Chan-
nel where ‘Education is in the
Click’.

Ee ) FIDELITY



An entrepreneurial spirit, original thinking, and a passion to succeed.

BEC wishes to advise the public that on
25th March, 2008, it will begin surveying its —
wayleaves which enclose transmission lines from
Tucker Road to Bethel Avenue.

All derelict vehicles, existing encroachments, fences, walls,

structures and other equipment should be removed from
the wayleaves within the next 21 days. Failure to do so will
result in immediate removal of any and all equipment and
structures from the following locations: |

e All that property being BEC wayleave going south
from Tucker Road

e Crossing Celery, Old Cedar and Graham Roads

e West on Derby Road

e Crossing Yellow Elder, Maize and Brown Roads

e Ending at Bethel Avenue



lf you have it, we want you.

We are growing!

Fidelity invites application for the position of:

Senior Human Resources Administrator

Human Resources

Re: Sr. HR Resources Administrator
51 Frederick Street

P.O. Box N-4853

Nassau

F: 328.1108
careers@fidelitybahamas.com

[ABSOLUTELY NO PHONE CALLS]

PROFILE:

e Bachelor's Degree in related area and/or HR Certification

° Proficiency in Advanced Excel, Word, PowerPoint, Access,
Outlook and Internet Explorer

e Ability to work quickly and accurately and cope with
large volumes of work

e Strong interpersonal skills and communication skills

e Facilitation and meeting skills

RESPONSIBILITIES WILL INCLUDE:

e Assists the HR Manager

e Assists with HR duties and research projects

e Assists in the planning and execution of all social /
employee events

e Disseminates internal information to personnel as required

e Composes letters, memos and reports

e Tests, screens and interviews prospective employees

e Handles payroll, benefits, pension and insurance matters

e Provides monthly, quarterly and yearly HR statistics
An attractive compensation package, including a
comprehensive range of employee benefits, is

being offered.

Salary range subject to qualifications and

experience.


THE TRIBUNE



MONDAY, MARCH 3, 2008, PAGE 9

LOCAL NEWS .

Chinese Ambassador's final courtesy call on Governor General







AMBASSADOR OF the Republic of China to The Bahamas, Li Yuanming paid a final courtesy call on
Governor General Arthur D Hanna, on Wednesday, February 27, at Government House. The Chinese



Ambassador officially left the Bahamas on Friday, February 29.

Government to follow ‘reasoned’
approach to crime fighting

@ By MATT MAURA
Bahamas Information
Services

GOVERNMENT will follow
a reasoned, coherent, coordinat-
ed and calculated strategy in the
fight against crime and criminal-
ity in The Bahamas, Minister of
National Security “Tommy”
Turnquest told the House on
Wednesday.

Mr Turnquest said that strate-
gy will include the cooperation
and collaboration between agen-
cies of the Ministry of National
Security, the Royal Bahamas
Police and Defence Forces, the
Department of Immigration, Her
Majesty’s Prison, Parliamentary
Registration Department and the
National Anti-Drug Secretariat.

He said the multi-faceted
approach is a “key element” in
the effort to counter crime and
criminality and the fear of crime
in The Bahamas.

“Consequently, ours is a strat-
egy in which law enforcement
agencies of the Ministry’ of
National Security will also work
hand-in-hand with the Office of
the Attorney-General, Customs
Department and the social min-

“istries such as the Ministry of

Education, Youth, Sports and
~ Culture, Ministry of Health and
Social Development and the
Ministry of Housing and Nation-
al Insurance,” Mr Turnquest
said.

“We cannot claim to have all
of the answers and we will not;
but we would say that our agen-
cies share a common sense of
direction and that there is con-
nectivity in the work they do.”

Addressing members of the
House of Assembly on the Sup-
plementary Appropriation Bills,
Mr Turnquest said crime is an
extremely complex, dangerous
and grave problem that is nega-
tively impacting the country and
is a “core issue in public dis-
course.” He said it is the respon-
sibility of House Members to add
“an authoritative, unbiased, non-
partisan voice” to that public dis-
closure.

He said that, as policymakers,
House Members cannot hear
what they want to hear, under-
stand what they want to under-
stand, in the way they want'to
understand it, misrepresent or
exaggerate the facts — whether
implicit or explicit - or make
“unwarranted statements on the
critical matter of national secu-
rity.”

“This is not the time or place

to argue for systems that were
clearly not accomplishing their

AIR- CONDITIONERS! 1

AIR-CONDITIONERS!
AIR-CONDITIONERS!

mmy Turnquest

objectives and to conclude that
initiatives to build upon and
improve those systems are a
causative factor in the height-
ened crime situation in our coun-
try. Those systems were not
“quick fix’ then and would surely
not be a ‘quick fix’ now,” Mr
Turnquest said.

_ The National Security Minister
said he was referring “specifical-
ly” to comments regarding the
Urban Renewal Programme,
School Policing Initiative and
Tourism Policing. He said the
Royal Bahamas Police Force has
a duty to police the country’s
neighbourhoods, schools and the
tourism industry, a duty they are
“effectively carrying out.”

Mr Turnquest said the Police
have recorded significant accom-
plishments, particularly with
regards to the Neighbourhood
Community Policing Pro-
gramme. He said he met with
representatives of nine commu-
nities in the southeastern Dis-
trict of New Providence.

He said the community leaders
gave an optimistic assessment of
community policing and the
important changes it is bringing
about in their neighbourhoods.
_Mr Turnquest said the commu-
nity leaders spoke positively of
their relationships with Officers
attached to the programme.

“They were also of the opinion
that the Neighbourhood Com-
munity Policing Programme was
sustainable and encouraged such
development,” Mr Turnquest
said. “These were not the voices
or opinions of the Government
or the Neighbourhood Commu-
nity Policing Programme. They
were the voices and opinions of
the leaders of our communities.

“The Police are engaged in
police work. No one, particular-
ly Bahamians, gain anything
when unfocused initiatives are
proffered to score political points

AIR-CONDITIONERS!
AIR-CONDITIONERS!

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or to seek to obscure action that
is making a difference in the fight
against crime and that is improv-
ing the lives of Bahamians. I cer-
tainly do not intend to allow such
matters to detract me from my
critical responsibilities as Minis-
ter of National Security,” Mr
Turnquest added. .

Mr Turnquest said, given the
magnitude of the task of halting
and reversing crime in the coun-
try, “all of us” ought to strive for
an objective understanding of
those factors — social, econom-
ic, moral, ethical and others —
which have made the current
crime situation in The Bahamas
‘virtually inevitable.”

“This understanding should
underpin a remarkable consen-
sus in this Honourable House on
a national and collective



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approach to the crime problem.
Each of us ought to do his or her
part to implement that consen-
sus,” Mr Turnquest added.





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Applicant must have retail
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If interested, please submit
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Nassau Bahamas
or fax to 326-0570
or application may also be
hand delivered to
GR Sweeting’s Head Office.





PAGE 10, MONDAY, MARCH 3, 2008

m@ By GLADSTONE
THURSTON
Bahamas Information
Services

FIVE Bahamian Maritime
Cadet Corps students have
completed the three months
sea time required by the Inter-
national Maritime Organisa-
tion for international licensing.

They will be employed at
sea for the next three years
before returning to Holland
Maritime College, Canada to
take their officers’ exams.

The students are Juliana
Rolle, (engineering), Adassia
Woodside (engineering),
Shadya Woods (engineering),
Jaharad Green (navigation),
and Raynaldo Miller (naviga-
tion).

“We are very encouraged,”
said Kamanna Valluri, manag-
ing director and president of
Dockendale Shipping Compa-
ny, a key sponsor of the pro-
gramme.

“We have been giving them
training and after that we have
















_TOWN CENTRE MALL/356-3205
'10am-7pm Monday- Saturday

" ‘TENDER FOR THE PROVISION
OF



PUBLIC RELATIONS, MARKETING
AND ADVERTISING CONSULTANCY
co SERVICES

The Bahamas Electricity Corporation invites
Tenders from eligible bidders for the provision of
Public Relations, Marketing and Advertising
Consultancy Services for the Corporation.























Bidders are required to collect packages from the
AaInIst ation Office, Blue Hill & Tucker Roads,
by contacting :

Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
' March 19, 2008 at 4:00 p.m.
and addressed as follows:



The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Marked:Tender No. 660/08
Public Relations, Marketing and
Advertising Consultancy Services
The Corporation reserves the right to accept or

reject the whole or such part of any Tender the
Corporation deems necessary.






THE TRIBUNE



ii ol. _ oT ee a
PW eV Rea rte(y it
Manager Needed

Bahamian cadets complete sea time

Derek Smith/BIS

BAHAMIAN MARITIME Cadet Corps students who recently completed their initial three-month sea time called
on Kamanna Valluri, managing director and president of Dockendale Shipping Company. Pictured from left
are Dockendale’s crewing administrator Jamaal Smith, Jaharad Greene, Juliana Rolle, Mr Valluri, Adassia
Woodside, Renaldo Miller, and Dudley Martinborough of the Bahamas Maritime Authority.

been sending them to sea on
our ships,” he said. “They are
doing very well. We are going
to continue this kind of finan-
cial assistance and training.”

Dudley Martinborough, of
the Bahamas Maritime
Authority, said they were all
grateful for Dockendale’s assis-
tance as the country develops
its maritime sector.

“Mr Valluri and Dock-
endale have been extremely
good to us,” he said. “We can
always count on them to give
the students a training founda-
tion and the possibilities of jobs
for those who stick with the
programme.

“Most of the students want
to be officers.

“It is a long hard road but if
they stick with it, it is very, very
rewarding. Those who have
stuck with it have made us
proud.”

The Bahamas Maritime
Cadet Corps is a programme
of the Bahamas Maritime
Authority which falls under the
Ministry of Maritime Affairs
and Labour.

It seeks to prepare high
school students of grades 10
through 12 for employment in
the maritime industry.

It is conducted in conjunc-

_ tion with the Ministry of

_ National Security by way of the

‘i | Royal Bahamas Defence Force

and the Ministry of Education.

A training centre is located
at C R Walker Secondary
School, Baillou Hill Road. It
is designed to introduce stu-
dents to the industry at the
entry or basic rating level.

Tenth graders are taught first
aid, coastal navigation, disci-
pline, and vessel husbandry.

Eleventh graders continue
to develop their first year agen-
da with the addition of basic
fire-fighting and practical expo-
sure to life at sea.

Twelfth graders are given
more exposure at sea in addi-
tion to becoming internation-
ally certified by taking the
Standards of Training Certifi-
cation and Watchkeeping
course. This is conducted by
the Bahamas Maritime Train-
ing Institute and held at the
Defence Force base.

The Bahamas ship registry
hasmore than 1,600 vessels with
crew sizes over 2,000 in some
cases, said Mr Martinborough.

“A programme such as this
sensitises students to this vast
potential job market and is the
initial step in qualifying them
for future employment on
ocean- going vessels,” he
said.

For student marine engineer
Woodside, 17, “the experience
was a good one.”

Her three-month stint took

her to Europe, Ireland, UK
and the US.

“T learned a lot,” she said.
“Tt was trying at times. Never-
theless, I would like to stay in
this field and gain more knowl-
edge of it.”

Ms Rolle, 18, encouraged
Bahamians to consider the
maritime industry for career
opportunities.

“We need a lot of Bahamian
engineers in this field,” she
said. “I have had a wonderful
experience working with Dock-
endale.” She was assigned with
Ms Woodside.

“We completed our tasks
and got everything done
although sometimes the seas
were not working with us and
we had trouble with that,” she
said. “I plan to become a chief
engineer.”

Mr Green’s assignment took
him to Colombia, Aruba, and
South Africa.

“Tt was hard work, but it was
a very good experience,” said
the student marine navigator.

As a deck cadet, Mr Miller
who is also studying marine
navigation, saw US ports,
Venezuela, Colombia, Trinidad
and Aruba on his assignment.

“Tt was fun,” he said.

“T learned a lot of stuff I did
not know and I got a lot of
practice on stuff I learned in
school.

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THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 11



LOCAL NEWS

The Bahamas ‘has
become transit point
for cocaine shipments
from Venezuela’

FROM page one

shipments were successfully
| interdicted,” the INCSR stat-
ed.

Prior to 2006, the Bahamas
was described as a transship-
ment point for drugs from

- Colombia. However, in the
INCSR for 2006, the US State
Department noted that multi-
tonne cocaine shipments from
Venezuela are now also
shipped through the
Bahamas.

The INCSR stated that the
Drug Enforcement Agency
(DEA) and Operation

_ Bahamas, Turks and Caicos
Island (OPBAT), estimates

, that there are 12 to 15 major

- Bahamian drug trafficking
organisations.

“During 2007, law enforce-
ment officials identified 34

- suspicious go-fast boats in
Bahamian waters. In addi-

i tion, there were 12 suspect-

‘ed drug smuggling aircraft
detected over Bahamian ter-
ritory. Small amounts of

- drugs were found on individ-

' uals transiting through the

_ international airports in Nas-

‘sau and Grand Bahama

‘Island and the cruise ship

_ ports,” the report said.

The INCSR also reported
that Illegal drugs have been
found in transiting cargo con-
tainers stationed at the port
container facility in Freeport.

“(Bahamian) law enforce-
ment officers have noted that
Haitian traffickers are con-
cealing their drugs in hidden
compartments in wooden-
hulled sailing freighters and
Haitian criminal organisa-
tions are commingling drugs
with illegal migrant smug-
gling,” the report said.

The INCSR further stated
that Bahamian law enforce-
ment officials also identified
shipments of drugs in Hait-
ian sloops and coastal
freighters.

In the report, the US State
Department encouraged the
Bahamian government to
continue its strong commit-
ment to joint counter-nar-
cotics efforts and its coopera-
tive efforts to extradite drug
traffickers to the US.

“Standing up, staffing and
funding its National Drug
Secretariat will greatly assist
the (Bahamian governmen-
t’s) efforts to implement its
2004 National Anti-Drug
Plan. The (US) Embassy is
working with the (Bahamian
government) to implement

regulations banning wooden-
hulled sailing freighters from
Bahamian waters, most of
which originate from ports in
Haiti.

“These freighters are
believed to play a key role in
drug and migrant smuggling
through the Bahamas,” the
report said.

The INCSR also suggested
that to further enhance its
drug control efforts, the
Bahamas should integrate
Creole speakers into the
Drug Enforcement Unit.

The report further recom-
mended that the Bahamas
should work with Haiti’s
national police, whose offi-
cers can be stationed in Great
Inagua in order to develop
information on Haitian drug
traffickers transiting the
Bahamas.

“The (US government)
will urge the (Bahamian gov-
ernment) to further integrate
the RBDF into OPBAT by
placing some of its marine
assets acquired under the
United States Southern Com-
mand’s Enduring Friendship
programme in Freeport and
Great Inagua to provide
OPBAT end-game capabili-
ties in these areas,” the report
said.







TENDER NO. 653/08
INVITATION TO TENDER

PAINTING OF THE ADMINISTRATION
BUILDING
EXTERIOR WALLS, PERIMETER
WALLS, RAILS & GATES
BLUE HILL & TUCKER ROADS







You are invited to bid in competition with others for
the painting of the Administration Building, exterior
walls, perimeter walls, rails and gates located Blue
Hill and Tucker Roads.





Tenders shall be submitted by filling out and com- |
pleting the Form of Tender. Tenders not submitted
using the Form of Tender shall not be considered
bona fide and may be rejected.





Tenders should show the total price to cover the
whole works from start to finish.






All Tenders shall be collected from and returned to
the Executive Office of the Bahamas Electricity
Corporation, Blue Hill and Tucker Roads no Iater |
than Thursday, 13th March, 2008 by 4:00 p.m.








Tenders shall be enclosed in a sealed envelope
bearing no mark by which the sender may be identi-
fied, and addressed to:





The General Manager
Bahamas Electricity Corporation
P. O. Box N-7509
Nassau, Bahamas







and marked: Tender No. 653/08



All enquiries and queries concerning this tender
shall be referred to:
Mr. Dudley Smith at telephone No. 302-1214.

WA OR ie pon lek




CAREER OPPORTUNITY
FINANCIAL CONTROLLER |

ez

MINIMUM QUALIFICATIONS
Chartered Accountant (CA) or Certified
Public Accountant '(CPA) designations with

a minimum of five years experience working
with an international or global organization.

The successful candidate will manage and
direct the, activities of Management
Information Services (MIS, Internal and
External Reporting). Treasury, Accounts
Payable, Accounts Receivable and Quality
Assurance and Methods and liaise with
External Auditors.

ESSENTIAL FUNCTIONS and DUTIES include
but are not limited to:

* Budget preparation: month-end report-
ing, preparation of Balance Sheet, Profit
and Loss. Statement and Cash. flow
Statement.

e Assist with Management monthly reports
which include commentaries on the busi-
ness performances.

« Manage relationship with current lenders
and fulfill periodic reporting requirements.

« Developing policies and procedures

¢« Compliance with established company
policies and procedures, including reviews
of general ledger reconciliations, bank
reconciliations and an adequate system of
internal controls.

e Insurance ( Property and Liability)

° Preparation of Project § Investment
Proposals

¢« Daily Cash Management (Capital and
Recurrent Obligations) and Reporting

¢« Strong communication, analytical and
management skills

e Enthusiastic, positive, “can do” entrepre-
neurial spirit.

Interested professionals may apply to
The Personnel Manager
email : nassauvjobs@yahoo.com
or: P.O. Box N-3218

tS
8
N
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x
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=
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OE LL OE OO


PAGE 12, MONDAY, MARCH 3, 2008

THE TRIBUNE





_ The Bahamas’
changed in US narcotics report

‘FROM page one

clause has been dropped.

*On the production and cultivation of drugs
in the Bahamas, the INCSR states that “although
there are no official estimates of marijuana hec-
tarage in the islands, cultivation of marijuana
by Jamaicans is a continuing trend.”

" Was in plant form grown by Jamaican nationals
on remote islands and cays of the Bahamas.
QPBAT (Operation Bahamas, Turks and Caicos
Island) and the RBPF cooperated in identifying,
seizing and destroying the marijuana,” the report
states.

i The INCSR noted that the Bahamas is a major

LOCAL NEWS

classification

transit point for cocaine from South America
bound for both the US and Europe, and for
marijuana from Jamaica.

“Cocaine arrives in the Bahamas via go-fast
boats, small commercial freighters, or small air-
craft from Jamaica, Hispaniola and Venezuela.
According to USG (US government) law
enforcement, sport fishing vessels and pleasure
crafts then transport cocaine from the Bahamas
to Florida, blending into the legitimate vessel
traffic that moves daily between these locations.

“Larger go-fast and sport fishing vessels trans-
port between two to six (metric tonnes of) mar-
yjuana shipments from Jamaica to the Bahamas.
These shipments are then moved to Florida
in the same manner as cocaine,” the INCSR
found.

March 9-16, 2008 - East Street Tabernacle

THEME:

_ GUEST SPEAKERS:

BISHOP DR. BRICE H. THOMPSON
General Presbyter

BISHOP STEVE MADRID
USA Regional Overseer

BISHOP TIMOTHY HARPER
USA Regional Overseer
and SISTER KAREN HARPER

BISHOP CLARENCE WILLIAMS
National Overseer (Turks & Caicos}
BNET 6 METEIPY Le
BISHOP AMOS CARTY, SR.
t ~ ef New York
; and MINISTER DR. RUBY JONES-CARTY

Ministering in sensational song and

, performance will be the Convention Choir
and Praise Team; the Tabernacle Concert
Choir; the Bahamas Public Officers Choir,

& and other Church Choirs and Groups, along

f with the Bahama Brass Band, the Youth

; Brass Band, the Junior Brass Band, and the

; Crusaders Brass Band from the Church of

) God,

| LOGON TO: —
www.cogopbahamas
FOR LIVE WE.

\LK WITH GOD”:

Micah 6:8

National Overseer & Moderator will deliver his
ANNUAL ADDRESS LIVE VIA RADIO :
BAHAMAS

Sunday, March 16th, 2008

Annual Parade & Water Baptismal Service at
the Western Esplanade, follawed by live ZNS
Radio ®& TLV. 13 evening broadcast Service.

Final Message on Convention Theme:
“WALK WITH GOD” will be delivered by
National Overseer, Bishop Dr. Elgarnet B.
Rahming

TOwUDay



Best Buy Furniture and Master Technicians Ltd.
are Drug Free Employers, and we are

NOW HIRING suitable applicants

as DRIVERS, WAREHOUSE ASSISTANTS

and SALES REPRESENTATIVES.

Please submit Resume, along with first four
(4) pages of Passport, National Insurance

_Maste

Zany

FROM page one

tember last year to inform him that
the Customs Department had
altered “overnight” an increase in
the Custom’s rate on the Monavie
drink from 10 per cent to 45 per
cent.

Claiming that his brother assert-
ed that someone with a compet-
ing product had used a contact
within the department to change
the rate, Mr Laing said that he
immediately opted to remove him-
self from the matter as it involved
a family member.

However, after hanging up the
telephone, Mr Laing said that he
felt that it was not right for him to

deny looking into the claim sim-
ply because it was brought to his
attention by a family member.

As a result the Minister con-
tacted the secretary of revenue and
had the matter looked into. Noting
that a report was given back to
him that the increase was made to
the customs tariff in mid year, Mr
Laing told his fellow parliamen-
tarians that if a rate is to be
changed it must be done during
the budget exercise.

However, the then Comptroller
of Customs John Rolle wrote a let-
ter stressing that the World Cus-
toms Organization’s rendering of

Two men murdered

FROM page one

cash. However, before the robbers left, they shot one of the
three men in the back of the head. The culprits then fled the area

in a dark coloured vehicle.

The victim was taken to the Princess Margaret Hospital .

where he was listed in serious condition. However, after more
than three hours attempting to save his life, he was pronounced
dead shortly after 9am. The identity of the deceased has yet to

be released by the police.

ASP Walter Evans assured the public that the police have
launched intensive investigations into both of these matters.



the product placed it in the higher

MP encourages Laing

customs bracket. However, this
decision never came through the
Ministry of Finance, Mr Laing said,
and thus the MInistry opted to not
change the rate mid-year.

“JT want to assure this House that

‘I did not at anytime in anyway seek

to give any advantage to any fam-
ily member or anyone in relation
to any product.

“For me the matter was that
there had been a rate change com-
plaint and that the complaint spoke
to the customs department doing
this change what they called
overnight and I had the matter
looked into,” he said.

Noting this response, Mr Smith
questioned if this was the “full
report” that Minister Laing had
promised.

“This opportunity is taken to
publicly ask Minister Laing,
whether his statement in parlia-
ment represents ‘the full report’
which he had promised. This
opportunity is provided before my
colleagues, and I begin comment-
ing in detail on the substance of
his statement to Parliament and
he is encouraged to accept it as
another chance to ‘come clean’,”
Mr Smith said.

Calls for Minister Laing to
respond to Mr Smith claims were
unsuccessful up to press time last
night.



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registration card, and Police Character

certificc:te to our:

Human Resources & Operations Manager

P. O. Box SS-6326

Village Road . Nassau . Bahamas.
Tel: 393-5310 Fax: 393-8094

Deadline for Application is March 14th, 2008.



“hs

| Ahan 2 Shas Ww : ue 3
e Road 394-2378


THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 13

BAHAMAS ELECTRICITY CORPORATION |

KN-7509

TELEPHONE 302-1000



BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
ALL RISKS (BUILDINGS & CONTENTS, PLANT, MACHINERY
& EQUIPMENT INCLUDING SUB-STATION SITES

TENDER NO. 654/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.

Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-

Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
‘Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas
Attention: Mrs. Delmeta Seymour
Marked: Tender No. 654/08
“GENERAL INSURANCES BUILDINGS, PLANT & MACHINERY”
The Corporation reserves the right to accept or reject any or all tenders.
EE Se ee

BAHAMAS ELECTRICITY CORPORATION

~ TENDER FOR THE PROVISION OF GENERAL INSURANCES

PUBLIC & EMPLOYER’S LIABILITY, PERSONAL ACCIDENT
AND PRIVATE CAR & COMMERCIAL VEHICLE

TENDER NO. 655/08

The Bahamas Electricity —— invites tenders from ose bidders for the provision of
general insurances as described above

ee
ue Hill & Tucker Roads by contacting:-

Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

Bahamas Blecticity C
ectricity acaicn
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

Marked: Tender No. 655/08
“GENERAL INSURANCES — PUBLIC & EMPLOYER’S AND VEHICLES”
The Corporation reserves the right to accept or reject any or alltenders.
Be EE er eA oe a ae NE Ren ane TT]
BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
MONEY & FIDELITY

TENDER NO. 656/08

The Bahamas Electricity Corporation invites tenders from nee bidders for the provision of
general insurances as described abo

Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-

Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

Marked: Tender No. 656/08
“GENERAL INSURANCES - MONEY & FIDELITY”

The Corporation reserves the right to accept or reject any or all tenders.

BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
MARINE INSURANCE

TENDER NO. 659/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above :

Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by ee -

Mrs. Delmeta Seymour
Administrative Officer
- Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
_ Fax No. 323-6852

Tenders are to be hand-delivered on or before -
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

_ Marked: Tender No. 659/08
“GENERAL INSURANCES — MARINE INSURANCE
The Corporation reserves the right to accept or reject any or all tenders.
[a
BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
PROFESSIONAL INDEMNITY (DIRECTORS & OFFICERS)

TENDER NO. 657/08

The Bahamas Electricity Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.

Bidders are required to collect packages from the Administration
Office, Blue Hill & Tucker Roads by Caaene: -

Mrs. Delmeta Seymour
, Administrative Officer
Blue Hill & Tucker Roads
~-. Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity i
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs, Delmeta Seymour

Marked: Tender No. 657/08
“PROFESSIONAL INDEMNITY DIRECTORS & OFFICERS”

The Corporation reserves the right to accept or reject any or all tenders.

SLL
BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
ELECTRONIC EQUIPMENT& MOBILE RADIOS

TENDER NO. 658/08

The Bahamas aiid Corporation invites tenders from eligible bidders for the provision of
general insurances as described above.

Bidders are required to collect packages from the Administration Office,
Blue Hill & Tucker Roads by contacting:-

: Mrs. Delmeta Seymour
Administrative Officer
Blue Hill & Tucker Roads
Nassau, Bahamas
Phone No. 302-1158
Fax No. 323-6852

Tenders are to be hand-delivered on or before
28 March 2008 by 3:00 p.m. and addressed as follows:

The General Manager
Bahamas Electricity Corporation
Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

Marked: Tender No. 658/08
“GENERAL INSURANCES ELECTRONIC EQUIPMENT & MOBILE RADIOS

The Corporation reserves the right to accept or reject any or all tenders.

r
PAGE 14, MONDAY, MARCH 3, 2008

LOCAL NEWS

THE TRIBUNE



as write as I do feel



22 Piece Sanus

ee Cit:

ge

ne

y , 4 Yy HIS past week in the

Pwd Liberal Party’s con-
vention held at the Wyndham
Nassau Hotel.

I felt that Glenys Hanna
Martin would win the Chair-
man’s position. I was right. She
did. As far as I know, her repu-
tation is clean.

As the first woman in the

@ By Sylvia
Laramore-Crawford

beautiful month of
February 2008, I made it a point
to stay at home to watch the

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MITSUBISHI] MONTERO

Bahamas to hold that post, she
deserves congratulations.

I was happy to hear that
Mother Cynthia Pratt, former
Deputy Prime Minister of the
Bahamas, won’t be running in
the next general elections.

We all know she did not have
an easy road having to hear
some members of her own par-

ty state publicly that men were .

better suited for the positions
she held.

Being the strong woman she
is, and a fighter, their mouths
have been pinned; and she rode
the waves to victory, rightly or
wrongly, she did it her way.

Mother Pratt also suffered
family embarrassment; the
question is, who has not! When
she is done with politics, she can
continue to save. souls for the
Lord. We all know, the way this
world is going, He can do with
help.

Indecisive

Honestly speaking, the
speeches did not impress me, I
have heard them all before. If
one listened attentively
throughout, the rhythm never
changed.

The notes were the same.

One could have sensed the bit-
terness in the speeches of peo-
ple having lost the general elec-
tion. |.
On the final night! Not even
the devil could havé got me out
of my house. I had to hear what
the former Prime Minister Per-
ry Gladstone Christie had to
say.
I had not realised how much
the PLP had done! My head
began to hurt; the Progressive
Liberal Party having done so
very much, should have won the
election. What went wrong!

The pain in my head wors-
ened. There has to be an expla-
nation! Then over a cup of tea,
the answers filled my brain. Per-
ry Christie all by himself, lost
the election.

1) He was known as a very
indecisive leader.

maleuacut



CUNY Hanna-Martin f



2) Some of his Ministers were

<> ire s

completely out of control — did °

what they liked and seemingly
he was afraid to chastise them
for their actions.

3) Ministers who went con- '

trary, should have been fired
and not been allowed io run in
the elections.

They could have run as inde-
pendents. His allowing them to
run for the party, was a poor
example of politics.

It was a big slap in the face
for well-thinking Bahamians,
especially our young people.
His own people were against it,

but just didn’t have the back-.

bone to tell him to his face that
what he was doing was wrong.
His Christianity background
should have been put into
action for the good of the peo-

ple.

‘EXPRESS YOURSELF & WIN VALUABLE PRIZES”
THE YAMACRAW FREE NATIONAL MOVEMENT

INVITES
ALL YOUNG PERSONS AGES 13 THROUGH 19 YEARS AND
LIVING IN THE CONSTITUENCY
TO ENTER

SAY CON

ON THE FOLLOWING TOPICS:

“Ideas For Effective Solutions In My Bahamaland”

#1 - 800 words (for ages 13-15 years)
‘Describe what you think are the major social problems facing The Bahamas
today (for example: the family, education and religion), and give your
suggestions for addressing them.”

1" Prize $500.00
2â„¢ Prize $300.00
3" Prize $150.00

#2 - rds (for

es 16-19 years

“Briefly describe the major social issues facing young Bahamian adults today
and give attainable solutions to address them.”

1* Prize $800.00 or Laptop
2"â„¢ Prize $400.00
3" Prize $200.00

RULES & GUIDELINES

Typed work preferred.
Size 12 font and double spaced.

Ensure pages are numbered and each page has your name, telephone

number & email address if possible.

Participants are requested to keep a copy of their entry in their

possession.

No pornography or obscenity will be judged.

Individuals must have knowledge of subject matter as an interview with
the judges will be .part of the process for the two best essays in each
category.

Research is encouraged but your work should be in your own words as
much as possible.

There will be a small entry fee of $5.00 per application/entry. You are
encouraged to submit only one essay.

MITSUBISHI] MONTEROISRORT#2 008m

APPLICATIONS CAN BE PICKED UP FROM OUR HEADQUARTERS IN
EASTERN ESTATES OR FROM THE NATIONAL HEADQUARTERS ON
MACKEY ST.

WINNING ENTRIES WILL BE PUBLISHED IN THE NEWSPAPERS AND
PRESENTATIONS WILL BE PHOTOGRAPHED.

ALL ENTRANTS WILL RECEIVE CERTIFICATES OF PARTICIPATION

Bahamas Bus and Truck Company Limited (Est. 1944)
44 Montrose Avenue
Phone: (242) 322-1722
Fax: (242) 326-7452

THE DEADLINE FOR ENTRIES IS 31°' MARCH 2008
Tel: (242)324-9550
Email: fnm@coralwave.com



A Special Presentation
of the feature film

AMAZING
GRACE
Tuesday, March 4th
at 7:00pm
“Amazing Grace’ is a sweeping historical epic which tells a story too long forgotten;

the birth of freedom, and brings overdue glory to a true hero.”
- Jeffrey Lyons, NBC's RFEL TALK

Calvary Bible Church invites you to our 36th Annual Missions Conference

5 Proclaimin ing Ne elease to the Cap tives

~ Freedom from Spiritual & Human a

featuring guest speakers Ooi Chin Aik, Sean Litton and foreign & local missionaries
Sun., March and - 11:00am & 6:30pm e Mon/Wed/Fri - 7:00pm « Sun., March 9th - 11:00am




THE TRIBUNE

pe “Omi ree
Torch Bearers Association

attacks PLP youth wing

THE Torch Bearers Associa-
tion issued a press statement
yesterday criticising the youth
wing.of the Progressive Liberal
Party.

Claiming that the Progressive
Young Liberal was blindly fol-
lowing the same pattern of the
PLP, the Torch Bearers, the
- youth wing of the governing
Free National Movement
(FNM) said that they were baf-
fled at how desperately the
youth party was “grasping at
straws.”

“The youth group seems to
be following the same pattern of
the PLP with their lack of infor-
mation and even would stretch
the truth or distort information
so that it would not resemble
the truth.

“For the information of the

reasonable Bahamians who are
not gullible to believe every-
thing they read, the Ingraham
government is continuing the
youth programme as it is now,
but are exploring other options
going forward.

“The attempt to cloud the
issue is par for the course. But a
wounded political party would
use anyone to spew out their
rhetoric. Bahamians are intel-
ligent, and everyone knows
(Prime Minister) Hubert Ingra-
ham always has been looking
out for the marginalized and the
downtrodden.

“Mr Ingraham has a record
of looking out for the less for-
tunate and otherwise wayward
youth; after all he came from
the poor and can identify with
people who may have the odds

against them,” the statement
read.

The Torch Bearers claimed
that PLP Leader Perry Christie
could not empathize with the
challenges that poor youth are
facing today because he cannot
“identify” with them on this
issue.

Finally, the Association said
that the FNM is not about tear-
ing down, but rather building
the country; and its past record
can speak for itself on this.

“That is why so much empha-
sis is placed on our education
system.

“We in the Torch Bearers
believe that education is the key
to assisting our youth. This is a
preventative method that
equips youth with the tools for
success,” the statement said.

Kerzner donates $20,000 to Royal
Bahamas Police Dependants Trust

FROM page five

munity endeavours. .

Also present at the special
awards ceremony was Nan
Palmer, Chief Operating Officer
of Kerzner International, with
Ed Fields, Kerzner Interna-
tional’s Senior Vice President
of Public Affairs, who, along
with Sandra Eneas, Senior
Director of Public Relations,
and Eula Hamilton, Adminis-

trative Assistant for Public |

Affairs, have driven the Com-
munity Service Awards scheme
since its inception.

Kerzner International’s Com-
munity Service Awards are
divided into ten categories: Arts
and Culture; Education; Social
Community Service; Senior Cit-
izens; Civic Community Service;
Youth Related Services; Sport-

ing, Special Health Services,

The Harborside Award and
Kerzner Outstanding Commu-
nity Service Award.

‘This year’s recipients of
Kerzner International’s Com-
munity Service Award include:

Arts and Culture

Bahamas Dance Theatre

Bahamas National Youth
Choir

Bahamas National Youth
Orchestra

Education

P.A.C.E. Foundation
‘ Hopedale Centre

S.T.R.A.W. Inc. Centre for
Your Women

Social Community Service

Drug Action Service

Bahamas Association for the
Physically Disabled

Crippled Children’s Commit-
tee

Training. Centre for the Dis-
abled

Senor citizens

Persis Rodgers Home for the
Aged

Mary Ingraham Intergenera-
tional Care Centre

Good Samaritan’s Senior Cit-
izens Home

Civic Community Service

Wild Horses of Abaco
Preservation Society (WHOA)

The Mission Foundation

The Bahamas National Pride
Association

Youth Related Services

Bahamas Children’s Emer-
gency Hostel

The Ranfurly Home for Chil-
dren

Big Harvest Community Sun-
day School

Sporting

Bahamas Amateur Cycling
Federation

The Dolphin Swim Club

Bahamas Lawn Tennis Asso-
ciation

Special Health Services

Bahamas Red Cross Centre
for The Deaf

The Bahamas Down’s Syn-
drome Association

Bahamas Infant Stimulation
Programme

REACH (Resources and
Education for Autism and

Related Challenges)

HARBORSIDE

The Bahamas Crisis Centre

Special Olympics

Kerzner, Outstanding Com-
munity Service Award

The Royal Bahamas Police is

Dependants Trust

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PAGE 16, MONDAY, MARCH 3, 2008

THE TRIBUNE



INTERNATIONAL NEWS

Chavez sends tanks, troops to border

Venezuela leader orders closure of government's embassy in Bogota




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mâ„¢ CARACAS, Venezuela

Warning that Colombia could
spark a war, Venezuelan Presi-
dent Hugo Chavez sent tanks
and thousands of troops to the
countries’ border Sunday and
ordered his government’s
embassy in Bogota closed,
according to the Associated
Press.

The leftist leader warned
Colombia’s U.S.-allied govern-
ment that Venezuela will not
permit acts like Saturday’s
killing of top rebel leader Raul
Reyes and 16 other Revolu-
tionary Armed Forces of
Colombia guerrillas at a camp
across the border in Ecuador.

“Mr. Defense Minister, move
10 battalions to the border with
Colombia for me, immediately
— tank battalions, deploy the
air force,” Chavez said during
his weekly TV and radio pro-
gram. “We don’t want war, but
we aren’t going to permit the
U.S. empire, which is the master
(of Colombia) .. . to come to
divide us.’

’ He ordered the Venezuelan
Embassy in Bogota closed and
said all embassy personnel
would be withdrawn. It pushes
already tense relations between
the South American neighbors
to their lowest point yet, with

otentially far-reach effects on
illions of dollars in cross-bor-
der trade.

Though Chavez didn’t say
how many troops he was send-
ing, a Venezuelan battalion tra-
ditionally has some 600 soldiers

‘— meaning some 6,000 could

be headed to the border.

Chavez called the Colombian
government “a terrorist state”
as he sided with the leftist rebels
it has battled for decades, saying
its military “invaded Ecuador,
flagrantly violated Ecuador’s
sovereignty.”

Phone: Caspon Ibe (242)825.2308
| Fox: (242)325-7681



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Neither Colombia’s foreign
minister nor the country’s mili-
tary leadership would comment
on Chavez’s latest move when
pressed by reporters for com-
ment Sunday as they left a
funeral service in Bogota for a
Colombian soldier killed in Sat-
urday’s raid. Speaking in Texas,
U.S. National Security Council
spokesman Gordon Johndroe
said officials were monitoring
the situation. °

“This is an odd reaction by

Venezuela to Colombia’s efforts .

against the FARC, a terrorist
organization that continues to
hold Colombians, Americans
and others hostage,” Johndroe
said, Chavez said he had just
spoken to Ecuadorean Presi-
dent Rafael Correa and that
Ecuador was also sending
troops to its border with Colom-
bia. Chavez said his Ecuadore-
an ally told him that Uribe had
lied and that the rebels were
killed while asleep “in their
pajamas.”

“This is something very seri-
ous. This could be the start of a
war in South America,” Chavez
said. He warned Colombian
President Alvaro Uribe: “If it
occurs to you to do this in
Venezuela, President Uribe, Pll
send some Sukhois” — Russ-
ian warplanes recently bought
by Venezuela.

He called Uribe “a criminal”
accusing him of being a “lap-
dog” of Washington saying
“Dracula’s fangs (are) are cov-
ered in blood.”

The slaying of Reyes and 16
other guerrillas, Chavez said,
“wasn’t any combat. It was a
cowardly murder, all of it cold-
ly calculated.”

“We pay tribute to a true rev-
olutionary, who was Raul
Reyes,” Chavez said, recalling
that he had met rebel in Brazil
in 1995 and calling him a “good
revolutionary.”

“The Colombian government
has become the Israel of Latin

ed on the price of
min the intemational
and is calculated
y using a fixed formula.



Ps -
GLORIA ANH



America,” an agitated Chavez
said, mentioning another coun-
try; that he has criticized for its
military strikes. “We°aren’t
going to permit Colombia to
become the Israel of these
lands. ... Uribe, we aren’t going

‘to permit you.”

‘Someday Colombia will be
freed from the hand of the
(U,S.) empire,” Chavez said.
“We have to liberate Colom-
bia,” he added, saying Colom-
bia’s people will eventually do
away with its government.

Chavez maintains warm rela-
tions with the Colombia’s
largest guerrilla group, the Rev-
olutionary Armed Forces of
Colombia, or FARC, and has
sought to’ play a role as media-
tor in the conflict despite his
growing conflict with Colombi-
a’s government.

Colombia and Venezuela

ve been locked in a diplo-’

matic crisis since November,
when Uribe ended Chavez’s
official role negotiating a pro-
posed hostages-for-prisoners
swap. Nevertheless, the FARC
freed four hostages to Venezue-
lan officials last week, and they
weré reunited with their fami-
lieS in Caracas. It was the sec-
ond unilateral release by the
FARC this year.

havez has recently angered
Uribe by urging world leaders
to classify the leftist rebels as
“insurgents” rather than “ter-
rorists.”

The FARC has proposed
trading some 40 remaining high-
value captives, including former
Colombian presidential candi-
date Ingrid Betancourt and
three U.S. defense contractors;
for hundreds of imprisoned
guerrillas. In Ecuador, army
Gen, Fabian Narvaez told T
Associated Press that soldie
had found the bodies of 1:
rebels and that soldiers planne
to hand the bodies over t
Ecuadorean officials, who will
sonauct forensic exams.

Senior commander
of Colombia's
ouerrillas killed

MBOGOTA, Colombia

Troops killed a senior com-
mander of Colombia’s largest
rebel army in an air-and-grouné
raid Saturday, as the U.S.
backed military dealt a stunnin
setHack to the nation’s lefti
insurgency.

Raul Reyes was the officia
spokesman for the Revolution
ary Armed Forces of Colombia
and,considered a possible suc
cessor to the leftist group *s Noy
1 spot. The United States had
offered a $5 million reward for
his capture.

Reyes, 59, died in combat ing

aR

£3 Eis

Er:

air strikes in neighborin
Ecuador, Defense Ministe
Juan Manuel Santos told a news
conference.

“This is the strongest blow:
dealt to the terrorist group to
date,” Santos said.

There was no intediate
reaction from the FARC. y

Santos said ‘the military
tracked Reyes’ location through
an informant. The air force
bombed a camp on Colombia’s
side of the border where he was
thought be, but as ground
troops moved in, they came
under attack from another
camp across the frontier. Reyes -
was found dead in the base in
Ecuador.






"MONDAY, MARCH 3.

2008

ae’ in “Arawak

Colinalmperial.

Confidence For !i’



| Bahamas must ‘nail
down rules of game’

‘ @ By NEIL HARTNELL * Trade chair says this

Tribune Business Editor most prudent course

A he ; THE Trade Commission is * Commission aims to

trying to wrap-up meetings : ‘
with ali Bahamian services finish consultations
- ae oe a * Freeport Container Port owner third to express interest to government erin ue nee _ on EPA by March-end,
ribune Business Editor ita hate fens, Gina's . i i
=~ * Minister says initial indications are that Arawak Cay option to cost $175m (EPA) with the European _ id Apr offer set
Hutchison : ‘thin (Whampon is and could be operational within six months of construction start its chairman telling The Tri. * Caribbean Basin Initiative

the third party
to show interest
in financing and
constructing
new commer-
cial. shipping



* Full build-out to take 18 months, with companies indicating 10 years at Arawak
Cay enough time to see investment return and consider other options

“* Harbour dredging to provide fill for Woodes Rogers Wharf, Arawak Cay extensions

that all three proposals would

bune it was “prudent to try
and nail down the rules of the
game” on this nation’s global
trade relationships.

John Delaney, who is also managing partner at law firm Hig-
gs & Johnson, said the Bahamas had until “some point in
April, probably mid-April” to submit a commitment schedule

focus to start in June

facilities for Devoe of works and transport, con- ing the Nassau-based shippers. t schedu
Nassau at : firmed to The Tribune: “We’ve “The indications are that “make available an opportu- on the 116, or 75 per cent of 155, services sectors that it will lib-
Arawak Cay, had expressions of interest either of these three partici- nity for shares to be bought by eralise — to some degree — for the EPA.

The Tribune can reveal, with
indications that such a port
would cost $175 million to con-
struct and be operational with-
in six months.

Dr Earl Deveaux, minister

from three parties — the
Hutchison Whampoa group,
Mediterranean Shipping Com-
pany, and we also got an
expression of interest from

‘Tropical Shipping, represent-

pants are prepared to build
and manage a container port,

_ and provide an opportunity for

private sector participation.”
Private sector participation,
Dr Deveaux explained, meant

the public in the company that
owns the [Arawak Cay] port”.
Any company established to

SEE page 4B

Government eyes outsourcing of car inspections

@ By NEIL HARTNELL
Tribune Business Editor

THE Government is explor-
ing whether to outsource the
annual vehicle licensing and

inspection process to estab- »

lished car dealerships, part of a
wider objective to make the
whole. process and that of using
the roads “more user-friend-
ly”.

Dr Earl Deveaux, minister
‘of Works-atd transport, told
The Tribune that his ministry

Move aims to make process ‘more user-friendly’

and the Road Traffic Depart-
ment were “exploring a num-
ber of options”, some of which
would require amendments to
the Road Traffic Act and its
accompanying regulations.
One amendment being con-

‘sidered, Dr Deveaux revealed,

was a proposal to outsource
the vehicle licensing and

inspection process to major car ~

dealerships and repair shops,

Sir Jack: ’ll urge court end
if St Georges sell to Fleming

@ By NEIL HARTNELL
Tribune Business Editor

SIR Jack Hayward has
offered to use his influence
with key companies in the
Grand Bahama Port Authori-
ty (GBPA) structure and per-
suade them to drop litigation
over his claim to 75 per cent
ownership, provided that the
late Edward St George’s estate
agrees to sell its shares to
Fleming Family & Partners.

The offer is contained in a
February 21, 2008, letter from
Charles Mackay, Sir Jack’s
attorney, to the estate’s attor-

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GNMC

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ney, Fred Smith. The letter is a
reply to the St George estate’s
‘open offer’ to the Hayward
family trusts, their trustees and
all the defendants to settle the
deeply damaging legal batter
over the GBPA’s ownership,

_which has contributed to the

stalled.state of Freeport’s econ-
omy.

In his letter, Mr Mackay says
on Sir Jack’s behalf that his
client’s claim to 75 per cent

GBPA ownership,, which _

Supreme Court Justice Anita
Allen ruled against, finding
that the split with the St
Georgé estate was 50/50, ought
to be re-tried on the grounds
that Sir Jack was not there at
the original trial due to ill-
health.

Sir Jack, along with the.two
key companies in the GBPA
ownership structure, Fiduciary
Management Services (FMS)
and Intercontinental Diversi-
fied Corporation (IDC), have
all filed appeals against Justice
Allen’s ruling with the Court of

- Appeal.

Yet Mr Mackay added in his
letter: “Our client would, how-

“ever, press the companies of

which he is a director to com-
promise [the ownership action]
(and all appeals therefrom) if
your clients agree to sell their
shareholding to Fleming Fam-
ily & Partners.

“Our client, as director, feels
that this is the best option for
the companies and Freeport
going forward; investment, and
not the paying out of divi-
dends, is what Freeport needs
at this time.”

SEE page 8B

such as Automotive and Indus-
trial Distributors (AID), Nas-
sau Motor Company, Quality
Auto and Friendly Ford.

This way, Bahamian compa-
nies and residents could “use
any of the established car deal-
erships as a place where you
could have your vehicle
inspected”, Dr Deveaux said.

~~He explained that this would:

ease the burden imposed: on

the Road Traffic Department
every month, especially in New
Providence, to licence and
inspect all vehicle at one of its
two locations.

Creating multiple locations |

for the licensing and inspec-
tion of vehicles would also
improve efficiency in reducing
the volume’ of traffic at
Thompson Boulevard and
West Bay Street, enabling

SEE page 8B

Exuma

THE DAVIS FAMILY



“Colinalmperial.

Confidence For Life

sAbdco «Freeport

The Trade Commission chairman said the organisation
had already met with the insurance industry and Associa-
tion of International Banks and Trust Companies (AIBT)
on the EPA, and were hoping to meet with other services
industry organisations such as the Clearing Banks Association,
Bahamas Bar Association and the Bahamas Institute of Char-
tered Accountants (BICA)..

“We’re trying to meet with all the sectors, and hope to do
so in the next four weeks. The Boal is by the end of March,”
Mr Delaney said..

“As far as the Trade Commission ; is concerned, it is impor-
tant to give everybody an opportunity to understand what the
EPA is all about, and to get their comments. We see that as
part of our remit, so we’re going to do the best we can in the
very limited time in which we have to work.”

The EPA will be the first rules-based, two-way reciprocal
international trade regime the Bahamas has ever entered.
Many believe that it will bring opportunities for existing and
potential Bahamian exporters, as well as challenges for certain
aspects of this nation’s economy, particularly those sectors that
have been protected from global competition.

Mr Delaney said: “Opportunities and challenges are pret-
ty much the way life is. We have to understand the world has
not remained static on matters of trade. Ever since the mid-
1990s, things have become more and more dynamic on mat-
ters pertaining to trade.” ’

He’ ‘added that’ the @pgwouo = 7p
Bahamas was the only nation SEE page 6B

Cayman

One family with many needs. For
a solid financial foundation and
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PAGE 2B, MONDAY, MARCH 3, 2008

THE TRIBUNE







fi By Royal Fidelity Capital
Markets

THE trading week started
off on a slow note, but picked
up some momentum towards
the end of last week witha
total of 81,300 shares chang-
ing hands. Ten of the 19 listed

companies traded during the
week, three advancing, three
declining and four remaining
unchanged.
Commonwealth Bank
(CBL) was both the volume
and loss leader in the week,
with 28,940 shares trading. Its
share price declined by $0.54 to

OVAL FIDELITY MARKET WRAP

close the week at $6.96.
Leading the advance in the
week was Cable Bahamas
(CAB), with its share price
increasing by $0.90.on a vol-
ume of 15,200 shares traded.
It closed at a new 52-week high
of $13.60. Other issuers expe-
riencing new 52-week highs in

Bahamas Agricultural & Industrial Corporation

Presents
Its
NEW PROVIDENCE |

COCONUT CRAFT TRAINING PROGRAM

x

Date: March 10-26, 2008 (excluding 14)
Venue: Auditorium, Bahamas Academy

High School

Name:
Address:

Tel:

|
i



Age range:

Time: 6:00 - 10:00 p.m.
Location: Wulff Road (opposite Bamboo

Chicken Shack)

Application Form

P. 0. Box:
Email:

_ Fax:

Ounder15 061-25 026-40 041-60 061-70 971 and over

Employment Status: O Employed Government Private = Self-employed
O Unemployed |

ADMINISTRATIVE FE

Tel: 322-3740-3

HELERK ERK AREY

Contact:

E: $100.00 (EXCLUDING MATERIALS}

LaKeisha Thompson or Sharae Collie .
HANDICRAFT DEVELOPMENT/MARKETING DEPARTMENTS - B AIC
Fax: 322-2123/328-6542 _





the week were Abaco Markets
(AML) and FamGuard Cor-
poration (FAM), rising by
$0.17 and $0.06 to close at
$1.90 and $7.85 respectively.

The FINDEX declined by
9.23 points or 1 per cent week-
over-week to close at 913.43.
Year-to-date, the FINDEX is
down by 4.05 per cent.

COMPANY NEWS

Earnings Releases:

Bank of the Bahamas
(BOB) released financial
results for the quarter ended
December 31, 2007, showing
net income of $3.1 million for

_ the quarter compared to $2.4
million in the comparable

quarter in 2006. This was an
increase of $768,000 or 32 per
cent.

Net interest income (after
provisions) increased by $1.4
million quarter-over-quarter
(QoQ), totalling $7.1 million.

Non-interest expenses
increased slightly by $288,000
QoQ, contributing to the pos-
itive results.

For the six months ended
December 31, 2007, net
income was up by $1.1 million
or 21 per cent from the amount
reported in the prior year, pri-
marily due to higher interest
margins.

BOB’s total assets increased
by $18.4 million from the
amount reported at year-end,
totalling $676.6 million. The
bank’s management indicated
it was steadily moving towards
its targeted milestone of $1 bil-
lion in total assets.

Total investments, loans and
advances to customers (net) of
$528.2 million increased by
$13.4 million during the six-
month period. Likewise, total
liabilities of $583.7 million also
increased by $21.2 million,
partly due to higher customer

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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



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The Bahamian Stock Market

FINDEX 913.43 YTD (4.05%)

BISX
SYMBOL PRICE

AML $1.90
BBL $0.99
BOB $9.61
BPF $11.80
BSL $14.60
BWL $3.66
CAB $13.60
CBL $6.96
CHL $3.14
CIB $13.99
CWCB $4.26
DHS $2.45
FAM $7.85
FBB $2.60
FCC $0.74
FCL $5.15
FIN $13.00
ICD $7.25
JSJ $12.30
PRE $10.00

$0.17
$

DIVIDEND/AGM NOTES:

CLOSING CHANGE VOLUME YTD PRICE

CHANGE

14.46%
16.47%
0.00%
0.00%
0.00%
0.00%
12.86%
-17.44%
-0.32%
-4.79%
-15.48%
4.26%
9.03%
-1.89%
-3.90%
-0.58%
0.08%
0.00%
11.82%
0.00%

12,670
0

¢ BBL has declared a special dividend of $0.02 per share,
with $0.01 already paid on December 31, 2007, and $0.01
being payable on March 31, 2008, to all shareholders of record

date December 21, 2007.

e CBL has declared a special dividend of $0.06 per share,
payable on April 30, 2008, to all shareholders of record date

April 15, 2008. _

¢ CWCB has declared a dividend of $0.013 per share,
payable on May 7, 2008, to all shareholders of record date

March 31, 2008.

e FIN has declared a dividend of $0.13 per share, payable on
March 13, 2008, to all shareholders of record date March 5,
2008. FIN will hold its Annual General Meeting on March 13,
2008, at 6.30pm at the British Colonial Hilton, Bay Street, Nas-

sau, Bahamas.

deposits, which increased by
$8.4 million in the period.

BOB’s net cash flows,
despite being down in com-
parison to the prior year,
totalled a positive $4 million
for the period.

INVESTOR CORNER

Budgeting

Budgeting refers to the
process of matching income
against expenses, with the
objective of having the former
cover the latter.

While the idea of budgeting
may same tedious, it is an
important tool for financial
planning and ensuring that
funds are being used in the way
that one wants it to be used.
The process consists of three
general steps - identify what's
coming in, identify what's
going out and devising a plan
to track inflows and outflows.
Some.-key things to bear in
mind when budgeting include:

COMMONWEALTH OF THE BAHAMAS

IN THE SUPREME COURT

Common Law and Equity Division



1) Watching for leakages or
unplanned spending, such as
ATM drawings that seem to
disappear without explanation.

2) Don't spend more than
you earn, or like the common
adage advises: "Don't hang
your basket higher than you
could reach.”

3) Know the difference
between luxuries and necessi-
ties, making an attempt to lim-

it the former as much as possi-

ble.

4) As your income rises, try

not to let expenses increase at»:
the same rate. Put any addi- .
tional income aside for savings’

and investing.

5) Build a savings plan into
your budget.

Consistent and effective

budgeting will put one on track
to a sound financial future.

2003/CLE/qui/00931

NOTICE

THE QUIETING TITLES ACT, 1959 (Chapter 393)

The Petition of Simon F. B. Rodehn of Harrold
Road in the Western District of the Island of New
Providence one of the Islands of the Commonwealth
of The Bahamas in respect of:

ALL THOSE THREE pieces parcels or tracts of
land containing an area by survey of 7.712 acres,
8.229 acres and 1.704 acres respectively situate
South of Harrold Road in the Western District of
the Island of New Providence one of the Islands
of the Commonwealth of The Bahamas

The Petitioner, Simon F. B. Rodehn, claims to be the owner
of the fee simple estate in possession of those pieces parcels
‘or tracts of land hereinbefore described and the Petitioner
has made application to the Supreme Court of the
Commonwealth of The Bahamas under Section 3 of The
Quieting Titles Act, 1959, to have his title to the said land
investigated and the nature and extent thereof determined
and declared in a Certificate of Title to be granted by the
Court in accordance with the provisions of the said Act.

Copies of the filed Plans may be inspected during

normal office hours at:

(a) The Registry of the Supreme Court, Ansbacher House,
East Street North, Nassau, Bahamas

(b) The Chambers of Michael W. Horton, Arianna House,
Dunmore Lane, Nassau, Bahamas.

NOTICE is hereby given that any person or persons having
Dower or right to Dower or any Adverse Claim not
recognized in the Petition shall within Thirty (30) days after
the appearance of the Notice herein file in the Registry of
the Supreme Court in the City of Nassau aforesaid and serve
on the Petitioner or the undersigned a Statement of Claim
in the prescribed form verified by an Affidavit to be filed
therewith. Failure of any such person or persons to file and
serve a Statement of Claim and the requisite documents on
or before the 30th day after the last day on which this Notice
appears in the newspapers will operate as a bar to such

claim.

MICHAEL W. HORTON
Attorney for the Petitioner
Chambers,
Arianna House,
Dunmore Lane,
Nassau, Bahamas



er

OE EAN ERIN Oi RTE ORR Sa Sinn EET lid SIN ali INR ab LS PE HON tars



A A A A OO A SR ET AE RAR. MA SP Nh I li A tt ACER seca enon
THE TRIBUNE.

MONDAY, MARCH 3, 2008, PAGE 3B



hme =. aaa eee
Bahamian law already

meets US beneficial
owner registry demand

@ By NEIL HARTNELL
Tribune Business Editor

BAHAMIAN legislation
already requires that the ben-
eficial owners of entities
licensed to do financial services
business from this jurisdiction
are known to the relevant reg-
ulators, the minister of state
for finance told The Tribune,
thus meeting US demands.

The US State Department,
in its International Narcotics
Control Strategy Report
released on Friday, called on
the Bahamas to “ensure that
there is a registry of the bene-
ficial owners of all entities
licensed in its offshore financial
centre”.

To many in the Bahamian
financial services industry, this
demand is likely to seem eeri-
ly similar to requests several
years ago from the Organisa-
tion for Economic Co-Opera-
tion and Development
(OECD) that this nation keep
a single list of the beneficial
owners of all entities and cor-
porate vehicles domiciled in
this nation.

Apart from adding to the
costs of such an undertaking,
the OECD initiative also con-
fused trust beneficiaries and
settlors as being beneficial
owners, when in fact the assets
are under the control of
trustees.

Had the Bahamas consented
to OECD demands, it is likely
that its private wealth man-
agement reputation would
have taken a serious battering
from which it may never have
recovered, which is why US
demands are likely to be resist-
ed.

Zhivargo Laing, minister of .
state. for finance, said.the,

Bahamian financial regulato-



Zhivargo Laing

ry system, while not maintain-
ing the single list of beneficial
owners demanded by the State
Department, still met interna-
tional standards as all super-
visory bodies held — or were
able to get access to — benefi-
cial ownership information.
Speaking to The Tribune
from Miami, he said: “I’m not
quite certain what they would
mean by a registry of beneficial
owners, but I know the regu-

lators — especially in the finan- —

cial services sector — require
for the identities of beneficial
owners and directors to be
known to them. That is some-
thing in place today.

“It is not possible to make

an application for an entity to’

be licensed to do business in
the private sector without the
regulators having the required
information as to who the ben-
eficial owners of that entity are
and who the directors are.

“T don’t know if there is
some specific facility in terms
of a registry that they are look-
ing for, but if the aim is to

‘know who the customers of

our financial services sector
are, the wherewithal exists in
our present set-up.”

The US State Department
also urged the Bahamas to
adopt its National Strategy on
the Prevention of Money

; Sponsored by:
Prince Lock and Key Company Limited

«

Laundering as a way to boost
its anti-money laundering and
terror financing defences.

In response, Mr Laing said
he could not gave a precise
date on when the Strategy
would be implemented, but
said the Financial Intelligence
Unit (FIU) had been “very
focused” and was “working
diligently” to cause it to hap-
pen. Consultation had already
taken place with a wide variety
of financial industry associa-
tions and professionals.

The US State Department
added: “The Bahamas should
also provide adequate
resources to its law enforce-
ment, prosecutorial and judi-
cial entities to ensure that
investigations and prosecutions
are satisfactorily completed
and requests for international
cooperation are efficiently
processed. The Government
of the Bahamas should become
a party to the UN Convention
against Transnational Organ-
ised Crime, the UN Conven-
tion against Corruption, and
the Inter-American Conven-
tion against Terrorism.”

The US said the Bahamas’
strengthened anti-money laun-
dering laws had made it diffi-
cult for drug traffickers to laun-
der large deposits through the
conventional banking system,
forcing them to turn to securi-
ty vaults in safe houses, real
estate, large vehicles and jew-
ellery.

In 2006, some eight asset
restraints happened as a result
of suspicious transactions
reports (STRs), the US State
Department reported, finding
that one resulted in the
Supreme Court freezing some
$2 million. And some $7.8 mil-
lion in cash or other assets
were seized in or frozen.







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PAGE 4B, MONDAY, MARCH 3, 2008

THE TRIBUNE





Hutchison in Arawak
Cay port plan offer

FROM page 1B

own and manage an Arawak
Cay port would earn income
from leasing space to each of
the existing shipping compa-
nies, in addition to a through-
put fee tied to container vol-
ume, dockage and wharfage
fees. This would make it com-
mercially viable as an entity.
Dr Deveaux’s comments





Qualifications:

Management



March 15, 2008.

u

Travel Agency Manager
eWANTED:

¢ Five years experience in Travel Agency

e Experience organizing team work
e Analytical skills for Direction.

¢ Fully trained in Tour Tek Computer System
¢ Strong Accounting knowledge.

e Fluent Spanish is an asset.

¢ Wide Knowledge of Cuban Tourist Products
Only serious applicant will be considered.

Send the resume to P.O.Box: EE-16319 before

Only the successful applicants will be contacted.

appear to indicate that the
Government is close to decid-
ing on Arawak Cay as the pre-
ferred location for relocating
downtown Bay Street’s com-
mercial shipping facilities to, a
consensus having been reached
that this is a key first step in
revitalizing the city of Nassau.

While the Government has
received only a written pro-
posal from Tropical Shipping
to date, Dr Deveaux saying













DR. KEN KNOWLES « BAHAMAS OPTICAL

PATIENTS

PLEASE NOTE ALL MEDICAL RECORDS ARE BEING RELOCATED TO:

SAM B. MIKHAEL wo. rrcsc
OPHTHALMOLOGIST

EYE WORLD

SOLDIER ROAD
NEXT TO NEW LOWE’S PHARMACY

393-8222

THE OFFICES OF K.W. KNOWLES M.D. ARE NOW CLOSED PER




that Hutchison Whampoa and
MSC were not expected to
submit theirs “for a few weeks
yet”, a major factor for the
Government in deciding upon
the port relocation will be that
it does not have to fund it with
any taxpayer dollars.

Dr Deveaux confirmed this,
telling The Tribune: “The only
decision we have taken is that
we would like the shipping
containers removed from
downtown by the end of the
year.

“We have seen Arawak Cay,
and had expressions.of interest
from three parties that Arawak
Cay is a feasible alternative
over the next 10 years. They’re
prepared to fund it. All they’ve
asked of government is for an
opportunity to review the stud-
ies and for us to provide 50
acres of land on Gladstone
Road to hold the containers.”

While construction work on
an Arawak Cay port would
take an estimated 18 months
to complete from start to fin-
ish, Dr Deveaux said all three
parties had indicated the facil-
ity could be operational within
six months of building work
beginning.

“They [the shipping compa-
nies] indicated they could be
open within six months, but
that total completion time
would be 18 months,” Dr
Deveaux said of construction.

“They’ve all told us they’d








_CHINA GOVERNMENT SCHOLARSHIP
ANNOUNCEMENT FOR ACADEMIC YEAR 2008

The Ministry of Foreign Affairs announces that applications for one Chinese
Government Scholarship, for the 2009 academic year are now being accepted.

Application Requirements

The following items should be submitted to the Ministry of Foreign Affairs in

Triplicate for processing:-

1. Original Application Form for Foreign Students Scholarship
2. Physical Examination Record for Foreigners
3. Two (2) letters of recommendation from professors
4. Copy of Diploma of most advanced studies
5. Copy of academic record, report/transcript

N.B. Applicants must qualify for admission in Chinese University before award
is granted. Preferences of Chinese University must be included on application
form. Check website: http://www.csc.edu.cn or directory at the Ministry of Foreign

Affairs.

Applicants must provide proof of qualifications by providing the original certificate
for verification by the Ministry of Foreign Affairs.

Benefits:

1. Full Scholarship including tuition, room and board, healthcare, textbooks and

living expenses.

2. One year Chinese Language Proficiency Studies (Beijing University of Language

and Chinese Culture).

Deadline for submission of applications is 14th March 2007. Applications are
available at the Technical Assistance Division, Ministry of Foreign Affairs,
Goodman’s Bay Cooperate Centre. Additional information can be obtained by
contacting the Ministry of Foreigr. Affairs at telephone number 356-5956/9 or
by e-mail to technicalassista1ce@mfabahamas.org











like to see something for a
minimum of 10 years. It would
give them ample time for a
return on investment and to
look at long-term options —
remaining there or going else-
where. This is the best possible

short-run solution for all con-.

cerned. .

“They can have it done,
completed and operational in a
very short time.”

When it came to the Arawak
Cay facility’s costs, Dr
Deveaux told The Tribune:
“The preliminary numbers
came in at around $175 mil-
lion just to construct, which
compares to the $400 million
[for the south-west port pro-
posed by the former Christie
administration], other things
being equal. Both numbers are
subject to change.”

The report on the south-west
port relocation, produced by
Dutch consultants Ecorys-
Lievense, pegged construction
costs at about $235 million, but
Dr Deveaux said alternative
locations to Arawak Cay
would “require considerable
bulkheading or inland dredg-
ing”.

The minister said any
Arawak Cay port would have
to account for the specific
requirements of different ship-
ping agencies. For instance,
some ships were front-loaded
while others were stern loaded,
while space had to be provided
for storage, break-bulk facili-
ties, and the Customs Depart-
ment,

Dr Deveaux said Betty K
Agencies had their own dedi-

Clan

- For the stories

behind the news,
read Insight
on Mondays



cated warehouse and dealt
with a significant amount of
break-bulk cargo, while many
ships at Seaboard Marine
berthed perpendicular to the

* dock.

As a result, Seaboard
Marine’s clients would have to
be accommodated by a dock
going eastwards from Arawak
Cay, or otherwise they would
take up too much space in Nas-
sau Harbour and block other
shipping.

The Arawak Cay proposal
and container shipping facili-
ties removal from Bay Street
was tied into the dredging of
Nassau Harbour, which is
intended to enable both it and
Prince George’s Wharf to
accommodate Royal
Caribbean Cruise Lines and
Norwegian Cruise Lines’ Free-
dom vessel class by summer
2009. These are the world’s
largest cruise ships.

The minister said the Gov-
ernment hoped that dredging
would begin by September
2008, and possibly earlier, once
the consultants/project man-
agers had defined the scope of
works and completed environ-
mental impact studies on the
effect the project would have
on both Nassau harbour and
the cruise ship turning basin.

The materials and spill
extracted by the dredging, Dr
Deveaux said, would be used
for a series of land reclama-
tion and extension projects the
Government had targeted.
Chief among these was the
extension of Woodes Rogers
Wharf eastwards as far as Vic-
toria and Elizabeth Avenues,
and possibly as far as Arm-
strong Street, depending on
the volume of material
dredged.

While. Woodes..Rogers
Wharf was the priority, the
Government viewing its expan-
sion as vital to enhancing the
waterfront and harbourfront,
Dr Deveaux said: “We would

also like to see Arawak Cay

extended westward, and some
additional remedial works
could be done at Fish Fry to
create more additional outdoor

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

GENCON SERVICES LTD.

Notice is hereby given that in accordance with Section 138 (8)
of the International Business Companies Act, No.45 of 2000,
the Dissolution of GENCON SERVICES LTD. (the “Com-
pany”) has been 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 4th

Day of February, 2008.

jt

ALRERA MOKEY
LIQUIDATOR



INVESTMENT OPPORTUNITY
MUST SELL

activities.”

He added that the Govern-
ment was also reviewing the
enabling regulations to the
Road Traffic Act to ensure
that the 16-wheeler freight and
other heavy goods vehicles
only moved goods from the
Bay Street shipping facilities
during the early morning
hours.

The Tribune previously
revealed that both MSC and
Tropical Shipping, on behalf
of the established Nassau-
based shipping companies, had
made proposals to the Gov-
ernment over the Arawak Cay
port.

Tropical’s submission was a
counterweight to the oral offer
from MSC, as rival shipping
companies believe that the lat-
ter’s newly-won permission to
ship direct from Freeport to
Nassau will enable it to
squeeze out rival Bahamian-
owned freight shippers and
impose downward pressure on
shipping rates. MSC’s rivals in
the shipping business fear its
competitive threat, especially
if it enjoyed substantial con-

‘trol over the Arawak Cay port.

Similar concerns may also
be harboured about any
involvement by Hutchison
Whampoa. The Hong Kong-
headquartered conglomerate
is already majority owner of
Freeport Container Port, in
which it holds a 60 per cent
stake, and allowing it to go
ahead with Arawak Cay would
give it control over the
Bahamas’ two principal ports.
MSC is its equity partner in
the Freeport Container Port,
holding about 40 per cent.

In addition, there may be
fears about how Washington
would react to another Chi-
nese-controlled port of its east-
ern seaboard. The US is
already concerned about
Hutchison’s substantial pres-
ence in Freeport, where it has
invested $1 billion in equity
and is the Grand Bahama Port
Authority’s (GBPA) main
partner, especially if the com-
pany ever bid for — and won -—
the GBPA.

The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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



Three — 2 Storey townhouses about 80% completed which require some repairs. Each unit comprises
676 sq.ft. on the upper floor and 676 sq.ft. on the lower floor (total floor area 1,352 sq.ft. per unit)
and consists of 3 Bedrooms 2 Baths, Living, Dining and Kitchen.

Driveway & Walkways are improved with 12 x 12 Spanish Type Tiles, 1,775 Sq.Ft. Swimming
Pool and Jacuzzi which are 85% completed.

The Buildings are situated on Lot #17376 comprising 10,000 sq.ft. located in
Bahama Sound of Exuma Section 18, Exuma, Bahamas

The units are being sold collectively.

For conditions of the sale and any other
information, please contact:

The Commercial Credit Collection Unit
at: 356-1685 or 356-1608

Nassau, Bahamas

Interested persons should submit offers
in writing addressed to:
The Commercial Credit Collection Unit,
P.O. Box N-7518, Nassau, Bahamas



Serious enquiries only
me eR en en

me ee Na wine

THE TRIBUNE



MONDAY, MARCH 3, 2008, PAGE 5B

EXCEEDING QUALITY CUSTOMER SERVICE

_ BEC faces $11m |
loss for 2007-2008

@ By CARA BRENNEN-
BETHEL
Tribune Business

Reporter

THE Bahamas Electricity
Corporation (BEC) lost $5.1
million during the first three
months of its 2007-2008 fiscal
year, and is projected to lose
$11 million by the time the
period ends on September 30,
2008, the minister responsible
said.

Phenton Neymour, minister
of state for public utilities,
blamed the basic tariff rate cut
implemented by the former

_ PLP administration and other.

, factors for BEC’s financial

3

Va

predicament. He added that
with the spike in global oil
prices, and BEC’s turbines and
generators being diesel driven,

. the customs duties it was pay-

ing to import its fuel had more
than doubled — from just over
$7 million in 2002 to just under
$20 million in 2007 — not far
off a three-fold increase.
Making his contribution to
the mid-year Budget debate,

Mr Neymour told the House -

. of Assembly that under the last
. FNM administration in 2002,

“BEC was a viable financial
entity, able to stand on its own
without guarantees”.

He explained that BEC’s

; profitability had been steadily

‘ from the gain on the sale of its -

eroded since 2004-2005, apart

shares in Cable Bahamas,
which enabled it to make a
profit of $1.3 million that year.

According to the minister,

. BEC suffered losses of $2.9
_ million in 2005-2007, and the

loss for the year ended 30 Sep-

_ tember, 2007, is expected to

amount to some $10.2 million.
“The financial status for the

,,,first three months of the fiscal

-._ yéar 2007-2008 is reported at
“As 1, million i in: losses, and

based on these figures, the pro-
jected loss to September 2008,
would be $11 million after
experiencing some operational
savings,” Mr Neymour said.

“At the end of the year
2008-2009 it is projected that
BEC will further incur losses of
some $24 million and $38 mil-
lion for 2009-2010, assuming
the current tariff rates remain
in force and oil prices rise at a
moderate rate.

Decision

Mr Neymour said that
PLP’s decision to pay off a
long-term loan with the Inter-
American Development Bank
(IDB), and refinance it,
impacted BEC’s cash flow neg-
atively.

“In 2003, the customer rates
were reduced without a proper
study being carried out. And
while it appeared to be good to
some customers, it actually
placed BEC in a poor finan-
cial position and potentially
threatened its ability to be sus-
tainable, to be able to provide
the service that it is mandated

to. This along with payment of
interest on security deposits,
resulted in the corporation’s
revenue being reduced by
approximately $18 million per
year since the rate reduction,”
said Mr Neymour.
Additionally, Mr Neymour
said BEC is paying more Cus-
toms Duty for the higher
priced oil; a cost that is

absorbed by the Corporation:

and not passed on to con-

sumers via the fuel surcharge. -

In 2002, the duty charged on
BEC’s fuel was $7.26 million.
In 2007, mainly due to the
increased cost of oil on the
international market, some
$19.68 million was charged in
Customs Duty.

Between January 2002 and
February 2008, the cost of
Automotive Diesel Oil (ADO)
climbed from $34.19 to $121.56
per barrel, while the cost of
“Bunker C” fuel moved from
$30.61 to $81.25 per barrel.
Between. 2002 and 2007, the
Corporation has seen a 255 per
cent increase in cost of ADO
and a 165 per cent increase in
cost of “Bunker C”.

ee:

2 lots adjourning each other in
Bahama Sound #16 in Exuma

$12,000 each.

- Tel: 327-8026 or 359-31 60 anytime
: 7pm - - 8am



Bahamas Agricultural & Industrial Corporation

Presents
Its
NEW PROVIDENCE |

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Date: March 10-26, 2008 (excluding 14H)
Venue: Auditorium, Bahamas Academy

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| Time:

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Location: Wulff Road (opposite Bamboo

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ADMINISTRATIVE FEE: $100 ( EXCLUDING MATERIALS)

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Contact:

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HANDICRAFT DEVELOPMENT/MARKETING DEPARTMENTS -B AIC
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OAS SCHOLARSHIP ANNOUNCEMENT 2009

The Ministry of Foreign Affairs announces that applications for the captioned
fellowship at the Graduate and Undergraduate, for the 2009: 2010 levels
are now being accepted.

Applications will be accepted in the fields of study related to the OAS
priority development areas of Social Development and the creation of
productive employment, Education, Economic diversification and
. integration, trade liberalization and market access, Scientific development
and exchange & transfer of Technology, Strengthening of demoratic
institution, Sustainable development of tourism, sustainable development
and the environment, culture.

Candidates are required to be citizens or permanent residents in OAS.
member states, produce transcript with a minimum GPA of 3.00, passport '
photos (3), current medical certificate, three (3) statements of
Recommendations from Professors/Lectures, Copies of Academic
qualifications and copies of pages one through three together with visa
page of applicant’s passport.

Applications can be obtained from the OAS. website at www.oas.org.
Applications should be completed electronically and printed out, or
downloaded and filled in typewriten format. All application forms must
be presented in triplicate at the Ministry along with the supporting docusnents.

Additional information can be obtained by contacting the
Technical Assistance Cooperation Division
of the Ministry of Foreign Affairs
at telephone number 356-5956/9,
or by email to .
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PAGE 6B, MONDAY, MARCH 3, 2008

THE TRIBUNE





Bahamas must
‘nail down
rules of game’

NOTICE

Pursuant to the provisions of Section 137 (4) (a), (b)
and (c) of the International Business Companies Act,
2000, notice is hereby given that:-

(a) DYNGUSS COMPANY LTD. is in

dissolution;

(b) The date of commencement of the dissolution
is the 8th day of February, A.D., 2008 and

(c) the Liquidator is C.B. Strategy Ltd., of 308

East Bay St.

C.B. Strategy Ltd.
LIQUIDATOR



FROM page 1B

in the Western Hemisphere
that was not a member of the
World Trade Organisation
(WTO), the global body
responsible for administering
and setting the global rules-
based trading regime.
Among the advantages of
WTO membership, Mr
Delaney said, were the fact
that it provided settlement and
dispute resolution mechanisms
as a means of solving interna-
tional trade disputes, while it
also provided certainty and

- clarity on trade arrangements.

Mr Delaney told The Tri-
bune: “You have to ask your-
self. Is it prudent for us not to
have certainty and predictabil-
ity on market access and the
rules pertaining to trade, as we
compete against other nations
for market access, and at least
a level playing field, in trade, if

PRICEWATERHOUsE(COPERS

not preferential opportunities
in trade with certain countries?
“One would have thought it
would be prudent to try and
nail down the rules of the
game. Right now, for us, the
tules are not nailed down.
“When you do not get in
early, the price is higher if you
get in later. It is significantly

‘More expensive for those coun-

tries, and has been for us to
date, to get into the WTO.”

The Trade Commission
chairman question whether the
‘do nothing’ option over the
EPA, and not signing on to the
CARIFORUM offer, was a
viable option given that one-
way trade preference regimes
were “a dying thing”.

As a result, the Bahamas
“can’t any longer expect just
to do what we were doing
before. We are at ‘a coming of
age’ stage as a country among
the international community.
We are being required to con-
tract with others to rules that
will govern how we trade”.

' Arguing that doing nothing
was “a luxury not available to
any country in the world”, Mr
Delaney said the Bahamas had
to “navigate these changes the

John DEN



best way we can”.

“The reality of the matter is
that we cannot bunker our-
selves. The only way we make
a living is by trading,” he
added.

Mr Delaney denied that the
heavy emphasis on Caribbean
regional integration in the
EPA treaty meant that the
agreement was effectively a
‘back door’ route taking the
Bahamas into a Caribbean Sin-

gle Market & Economy

(CSME) arrangement.

He added that via the Most
Favoured Nation (MFN)
aspect of the EPA, which
means that no country can
offer trade terms that are more
favourable to one nation than
another, the Bahamas would

POSITIONS AVAILABLE FOR
ASSOCIATES

PricewaterhouseCoopers has vacancies for staff accountants to pursue a programme of
training culminating in a professional accountancy qualification. Prospective candidates should
have a graduate or undergraduate degree in accounting with a cumulative grade point average
that exemplifies your success as an achiever and leader.

Applications are being accepted for the 2008 Programme. Expectant May/June 2008 graduates ,
are also encouraged to apply. Pog

Successful candidates will undergo a period of rigorous training, both academically and
on-the-job, with the objective of developing professional skills. Much of the on-the-job experience
will entail auditing the financial statements of entities in the financial services industries such as
banks, trust companies, investment funds and insurance companies. The positions offer excellent
salaries and promotional opportunities, and benefits include medical insurance and provident
fund. Also, as a team member of PricewaterhouseCoopers there are opportunities to work in
another country where PricewterhouseCoopers has an office.

Please submit your application, with a current curriculum vitae and a copy of your most recent
transcript, before 31 March 2008, to:

Human Resources Partner
PricewaterhouseCoopers
P.O.Box N-3910
Nassau, The Bahamas



IMPORTANT
NOTICE

RELOCATION OF HURRICANE
HOLE PLAZA BRANCH

Effective February 28th, 2008 at 3pm the

Hurricane Hole Plaza Branch will be permanently closed.

All customers are advised to access our services ~
through our new location at

PARADISE VILLAGE SHOPPING CENTRE
from March 3rd, 2008.

FirstCaribbean apologizes for any inconvenience caused.

www.firstcaribbeanbank.com

FIRSTCARIBBEAN

INTERNATIONAL BANK

e

GET THERE. TOGETHER.



enn Be A ae te on tte a RR a wo a

CACIQUE

ST ee

Cacique International Ltd. with over 10 years of
outstanding service in destination management and
event planning is seeking to employ a

Personal Assistant

Requirements:
3-5 years experience in relevant positiort

Proficient in hands-on Microsoft Suite
‘Superb written and oral communication skills

A Bachelor’s Degree, with a concentration on marketing
or business will be a plus

| Good time management skills

General:

Schedule and daily coordination of the day to day diary
for company executive.

Effectively book the travel scheduling and conference
scheduling for executive

Complete administrative duties for the Office

Manage office supplies

Complete reports as needed

Remuneration: ‘
Excellent benefits package inclusive of healt
insurance.

Salary negotiable.

Interested please should submit resumes to the
following addresses on or before March 1% 2008.
Director of Human Resources

P.O. Box N-4941

Nassau, Bahamas

Or email: jbeneby@caciqueintl.com



secure the same market access
conditions as European
nations when it came to
exports to CARICOM coun-
tries. :

Meanwhile, Mr Delaney said
the EPA contained nothing
that would commit the
Bahamas to Tax Information
Exchange Agreements
(TIEAs) with EU nations,.a
key consideration for this
country’s financial services
industry.

The Trade Commission
chairman added that he had
been advised the Excise Tax,
which the Government is con-
sidering introducing to protect
its import revenues, would not
be treated as a tax on border
trade because it applied
“across-the-board”.

Mr Delaney said he was
“shooting for” the Trade Com-
mission’s work on the EPA to
be completed by mid-April, so
that by June it could start get-
ting focused on the need to
replace the Caribbean Basin
Initiative (CBI). :

The EPA was “one of a
threesome” of trade agree-
ments heading the Bahamas’
way, as the CBI — which gov-
erns trade relations with this
nation’s key trading partner,
the US —- only has a waiver
exempting it from WTO stric-
tures until September 2008.
Charles Rangel, chairman of
the US House of Representa-
tives House Ways and Means
Committee, has introduced a
Bill seeking to prolong the
CBI’s life until September
2010, but there is little doubt
that a replacement, two-way
agreement will have to be
negotiated.

Apart from the CBI, there
is also the CaribCAN agree-
ment with Canada that expires
in 2012, and WTO member-
ship, to be addressed by the
Bahamas.

“The EPA exercise gives the
Bahamas a head start in
addressing the issues for CBI,
WTO and CaribCAN,” Mr
Delaney said. “To a great
extent we have to run down
the same issues to determine
how the Bahamas will address
it.”

Royal Island (Bahamas) Limited

INVITATION FOR EMPLOYMENT

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

¢ Superintendents
¢ Project Engineers

é

We are currently seeking individuals to oversee the underground
infrastructure systems for Royal Island, and as such, we are looking for
dynamic individuals who posses strong leadership and communication

skills.

Salary is commensurate with Experience and Education.

Interested persons should submit their resumes with cover letter to:

Harcourt Management Services Ltd.

P.O. Box N 1991
Nassau Bahamas

Fax to: (954) 745-4399

Or Email to:

aileen.miller@royalislandbahamas.com

Royal Island (Bahamas) Limited thanks

all applicants for their

interest, however only those under consideration will be contacted.


THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 7B





BTC urges ce

lular

customer migration

THE Bahamas Telecommunica-
tions Company (BTC) is spending
$40 million to upgrade its Global Sys-
tem for Mobile Communications
(GSM) cellular network, as part of a
strategy to migrate all cellular cus-
tomers using the old TDMA network
over to GSM by year-end.

BTC’s vice-president for market-
ing, sales and business development,

Marlon Johnson said “This migration
from the TDMA network to the GSM
network is both mandated by the
PUC [Public Utilities Commission]
and is necessary as the TDMA parts,
antennas and telephone devices are
now discontinued — meaning that
there are no more manufacturers that
produce these items. Thus out of
necessity, and to ensure that our cus-

tomers are on the most widely used
mobile telephone network in the
world, we are moving fully over to
GSM.”

BTC’s TDMA clients will also soon
no longer be able to use their cell
phones in the US, as the company
plans to end roaming TDMA agree-
ments by next month.

BTC now has Voice Roaming

Agreements for 145 GSM networks in
80 countries and data roaming agree-
ments for 41 Networks in 24 coun-
tries.

Mr. Johnson added: “We are
pleased to advise though that BTC
has requested that the PUC give con-
sideration to allow us to have cus-
tomers transfer their TDMA phone
number over to their new GSM

account — consistent with what our
customers have been asking. BTC
has the technology to facilitate this,
but we do require the permission of
the PUC to make it happen. We are
hopeful nonetheless that we will be
granted permission to do this and
ensure that we keep our customers

happy.”

RTM cy ea dC AT
EAMES EI RTL
RS eG rae TE

NOTICE

NOTICE is hereby given that GHISLAINE VILBRUN OF
#70 BAYBERRY LANE, FREEPORT, GRAND BAHAMA,
BAHAMAS is applying to the Minister responsible for
Nationality and Citizenship, for ea
as a citizen of The Bahamas, and that any person who
knows any reason why registration/ naturalization should
not be granted, should send a written and signed statement
of the facts within iat Bil days from the 3RD day of
MARCH, 2007 to the Minister responsible for Nationality
and Citizenship, PO.Box N-7147, Freeport, Bahamas.

Legal Notice

NOTICE
NEW SOMERSET CORP.

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of NEW SOMERSET CORP. has been
completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

. CHAMBRAY TREE CO. LTD.

on Oy

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of CHAMBRAY TREE CO. LTD. has been
, completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
‘ (Liquidator)

Legal Notice

NOTICE

‘CRYSTAL GEM TREE INC.

ne Pn

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of CRYSTAL GEM TREE INC. has been
completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Gail Lockhart Charles is pleased to announce
the opening of her Law Chambers

x

‘ eo
LON

GAIL LOCK ART CHARLES & Co.

SS

Counsel & Attorneys-At-Law
Caves Village, West Bay Street
P.O. Box SP-60063, Nassau, Bahamas

Tel: 242.327.1391 | Fax: 242.327.1392
Email: Gail@LockhartCharles.com
www.LockhartCharles.com

Legal Notice

NOTICE

BYLLINGS POINTE INC.

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of BYLLINGS POINTE INC. has been
completed; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

WILDE LTD.

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of WILDE LTD. has been com-
pleted; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

~ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

MONTRES INT’L HOLDINGS LTD.

Notice is hereby given that in accordance with Section

138 (8) of the International Business Companies Act 2000,
the dissolution of MONTRES INT’L HOLDINGS LTD.
has been completed; a Certificate of Dissolution has been
issued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

EPALINGS LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of EPALINGS LIMITED has been com-
pleted; a Certificate of Dissolution has been issued and

the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

KERMAN LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of KERMAN LIMITED has been com-
pleted; a Certificate of Dissolution has been issued and
the Company has therefore been struck off the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

INDIGO INLET INDUSTRIES LIMITED

Notice is hereby given that in accordance with Section

138 (8) of the International Business Companies Act 2000,
the dissolution of INDIGO INLET INDUSTRIES LIM-
ITED has been completed; a Certificate of Dissolution has
been issued and the Company has therefore been struck off

the Register.

ARGOSA CORP. INC.
(Liquidator)

Legal Notice

NOTICE

HOMEBOUND SLOPES INC.

— 4—

Notice is hereby given that in accordance with Section

138 (8) of the International Business Companies Act 2000,
the dissolution of HOMEBOUND SLOPES INC. has
been completed; a Certificate of Dissolution has been is-
sued and the Company has therefore been struck off the

Register.

ARGOSA CORP. INC.
(Liquidator)


TT TT TT wae ew www wewwes ese eee UR eek te

TT TTT RS ST CTT RPE Te ee we ee He ee KK KH

PAGE 8B, MONDAY, MARCH 3, 2008

THE TRIBUNE



Sir Jack: P’ll urge court end
if St Georges sell to Fleming

FROM page 1B

in an affidavit filed to support the
St George estate’s summons asking
the Supreme Court to reconsider its
decision to lift the injunction blocking
the Hayward family trust’s investment
vehicle, Seashells Investments, from
selling its GBPA stake (50 per cent or
75 per cent) to Fleming, Chris Caf-
ferata, an executor for the estate,
picked up on this issue. °

Silence

Myr Cafferata said there was “com-
plete silence” from the Hayward
side’s defendants and Fleming as to
what role the latter was playing in the
GBPA iitigation, both now and in the
future.

He alleged that this element of Mr ,
Mackay’s response, “requiring a sale
by the estate to the Fleming Group -
before any settlement of the owner-

ship issue is the clearest possible indi- -

cation that the plaintiffs have been
correct in submitting that it is the
Fleming Group which has control of
the Hayward litigation”.

Fleming was alleged to be trying
“to coerce the estate”, and was direct-
ing the Hayward litigation “in a con-
certed effort to cause the estate to.
sell its interests in GBPA, Port Group
Ltd and IDC to the, Fleming Group at
the cheapest possible price”.

Mr Cafferata alleged that if Fleming
was allowed to purchase the 50 per
cent GBPA stake held by Seashells
Investments, it would continue and
“intensify” the alleged oppression of
the St George estate.

In Sir Jack’s counter-offer, Mr
Mackay said Hannes Babak, the oust-
ed GBPA chairman, should resume
his role once the St George estate’s
oppression action was struck out/dis-
missed, “unless at that point in time
Fleming Family & Partners are the
owners of Seashells’ shareholding in
IDC. Fleming Family & Partners have
publicly committed that Mr Babak
will not be a director/shareholder in
any of the companies if they are a
shareholder”.

Estate

Mr Mackay also said that the St
George estate should pay the costs
of the GBPA receivers, Clifford and
Myles Culmer, and their attorneys
Lennox Paton, arguing that they were
“wrongfully appointed and wrongful-

ly retained in place by delaying tac-
tics”.

He alleged that these ‘delaying tac-
tics’ prevented the Hayward defen-
dants’ from obtaining a court hear-
ing to set aside the receivership for 15
months, something Mr Mackay said
Justice Neville Adderley had
described as “impossible to imagine”.

Sir Jack’s counter-offer also said
any agreements needed to include the
Treasurer of the Bahamas, given that
the issue of whether the Government
still owned a 7.5 per cent stake in the
GBPA was unresolved.

The letter also questioned the fac-
tual basis upon which the GBPA was
being asked.“‘to gift houses” at Span-
ish Main in Freeport to the St George
estate and its beneficiaries.

Finally, Mr Mackay’s letter urged
the St George estate to resolve Caro-

line St George’s tracing claim, which
alleged that she and her sister, Caro-
line, were beneficial owners of at least
some of the estate’s GBPA assets
because they had been purchased by
their father using assets left in trust for
them by their maternal grandfather,
William Hill.

Achieved

“Certainty could also be achieved
by an agreed sale by the estate to
Fleming Family & Partners, and

' releases of all claims by the various St

George children and wives,” Mr
Mackay wrote.

He added that Sir Jack was keen
to resolve the dispute, which had
“thrown the companies and the econ-
omy of Freeport into 15 months of
uncertainty and loss”.

Government eyes outsourcing of car inspections

FROM page 1B

Bahamians to go through the
process faster.

In his mid-term Budget pre-
sentation, Dr Deveaux said the
Road Traffic Department had

collected $11.736 million in
revenue for the six month peri-

od July-December 2007, com-

pared to Ministry of Finance
estimates of $12.964 million —a
shortfall of $1.228 million.

He added, though, that the
Department expected to gain a
revenue boost in March 2008

. Ea Sg
Cea MAES ra MATTEL

because this was companies
month, in which all vehicles
belonging to Bahamian firms
had to be licensed and inspect-
ed. May, as Franchise Inspec-
tions and Registration Month
for taxis and jitneys, was also
seen as a major revenue earn-
er.

The practice of requiring
companies with large vehicle
fleets to licence and register
all their vehicles at the same
time and place in March was
one of the ‘Vexing Business
Issues’ raised by the Chamber
of Commerce.

The Chamber report, which
has been submitted to the
Government, noted that
before the Road Traffic

Department changed its policy
two years ago, companies.

ance certificate to the vehicle’s
driver to complete the process
any time in March.

Since then, the Chamber
said business owners were
required to take the licence
disk off all their vehicles, make
a copy, attach the correct insur-
ance certificate to each and
send all the paperwork to
Road Traffic. Then, the com-
pany had to call the depart-
ment and make an appoint-
ment for an inspector to come
to its place of business and
inspect the entire fleet.

If all goes well, a cheque
then has to be sent to the Road
Traffic Department and
arrangements made to go and
pick up the new licence disks

and inspection stickers. 4

“Failure to start this process

of your registration documents
stuck in an overwhelmed
bureaucracy at. Road Traffic,
and your vehicles will not be
licensed by March 31, mean-
ing that the business owner
would either have to take the
vehicles off the road or operate
them with the genuine fear of
receiving significant fines for
operating an unlicensed vehi-
cle,” the Chamber report said.

Dr Deveaux said the Gov- -

ernment was close to address-
ing this issue, adding that his
Ministry and the Road Traffic
Department were trying to
accomplish other objectives.
They were assessing whether
to make Road Act insurance
redundant, and working close-

ly with the insurance-secter-on- + -

this to see what it meant for

ance liability would rise.

The Road Traffic Depart-
ment was also seeing how it
could accommodate left turns
on red; provide multiple loca-
tions where persons could pick
up drivers’ licences, and look-
ing at outsourcing the vehicle
inspection and licensing pro-
cedure.

Dr Deveaux said the objec-
tives were: “How can we make
the process of obtaining a dri-
ver’s licence, using the roads,
getting the vehicle licensed and
inspected, more user friend-
ly?”

He added that it was now a
case of reviewing the enabling
legislation and making the nec-
essary amendments, the initial
objective having been to imple-
ment any changes “in the

PR LEE EE AER OIEECEOOIEECDS SC ASEE CESSCE RENE ESSENSE SGEESEESBS SEES DIELS DEES LEE OES REEB ALCOR EE REREN RE EER OBE

Ist





could give cash and the insus-:

before March 15 will leave all

i : 3

‘the consumer,:as..their, insur-

cqurs¢.of the.summer”.

sate Fn ‘
ze 5 Ay



“Informative. 1 can be sure to read something of value in The Tribune. It is filled with



important to me. The Tribune is my newspaper.”

The Tribune



information about local news, sports, entertainment and world news — subjects that are

JASON RAHMING

CONSTRUCTION FOREMAN
THE TRIBUNE

MONDAY, MARCH 3, 2008, PAGE 9B



MM ii Lio ee
Water Corporation in ‘seriously sad position’

@ By CARA BRENNEN-
BETHEL
Tribune Business
R rter



THE Water and Sewerage
Corporation is in a “seriously sad
position” and grossly affected by
cash flow and indebtedness to
vendors, the minister of state for
utilities told the House of
Assembly during his contribu-
tion to the mid-year Budget
debate.

South Beach MP Phenton
Neymour told MPs that the Gov-
ernment was disappointed to find
that the Corporation was in a
worst state than that of 2002
under the previous FNM admin-
istration.

“We found it in a seriously sad
position, and the Corporation
was severely affected by cash
flow constraints and gross indebt-
ednéss to vendors,’ he said.

Mr Neymour explained that
the Corporation was operating
at the upper limits of its over-
draft facilities and finds itself
having to defer payment to key
suppliers.

“This obviously is adversely
impacting the Corporation’s rela-
tionship with its major suppliers,
and its ability to obtain goods on
credit, both locally and interna-
tionally,” Mr Neymour added

He said that while the’Corpo-

ration’s tariffs have remained.

unchanged since 1999, its net
operating costs have increased
dramatically, as was disclosed in
the 2006 Audited Financial
Statements tabled in the House
earlier this month.

Mr Neymour revealed that in
1999, total revenues were $29.2
million, compared to $42.8 mil-
lion in 2006, a 46.6 per cent
increase of $13.6 million. How-
ever, expenditure (excluding
depreciation and bad debt pro-
visions) had increased from $30.1
million in 1999 to $47.8 million in
2006 for a $17.7 million increase
in operating costs.

He said this was an increase
in expenditure of 58.8 per cent
versus the 46 per cent increase in
revenue.

The minister further indicat-
ed that the single biggest spend-
ing increase had been in the
direct cost of water purchased
from water providers for onward
distribution to the Bahamian
people.

This production cost has ~°

increased from $3.5 million in
1999 to.$14.8 million in 2006.
Nonetheless, that 423 per cent
increase of $11.3 million in the
cost of water purchases also rep-
resented a direct positive impact
on the quality of life for many
Bahamians. Yet to maintain its
operations and renew its infra-
structure without becoming a
burden on the Public Treasury,

MUST SELL
VACANT PROPERTY

Lot #14721 comprising 10,000 sq.ft. in area with
83 frontage on Zinnia Road and 120 feet on
Eastward Drive in Bahama Sound of Exuma Ocean
Addition West, Exuma Bahamas

The property is undeveloped and is
located 1 mile south of Emerald Bay
and The Four Seasons Resort.

For conditions of the sale and any other
information, please contact:
Credit Risk Management — Collection Unit at:
Phone: 356-1685 or 356-1608,
Nassau, Bahamas

Interested persons should submit
offers in writing addressed to:

The Manager, Credit Risk Management - Collection
Unit, P.O. Box N-7518, Nassau, Bahamas

- Serious enquiries only

Mr Neymour said the Corpora-
tion must close the gap between
the economic cost of services and
the revenue these services gen-
erate.

To that end, Mr Neymour
explained that included in the
supplementary budget request
was $4.15 million to pay for
reverse osmosis water purchases
in New Providence and the Fam-

ily Islands, as well as various
local and international suppliers.
Some $400,000 was also being
requested to partly defray spend-
ing for certain international debt
service payments made in
December 2007.

The combined total of the var-
ious line items amount to some
$7.417 million, and the supple-
mentary funds which have now

been made available to the Cor-
poration will alleviate the most
urgent cash demands and sustain




at hs a ee
TEACHING VACANCY =
Temple Christian High School

operations until an overall rev-
enue enhancement and funding
strategy is established

REGISTRATION

Success Training College announces registration for the winter semester.
Register now for Certificates, Diplomas and degree programs. Special tui-
tion discounts available to recent high school graduates and government
employees. Scholarships and easy-payment plan extended to all students.











_FAST-TRACK JOB TRAINING COURSES
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Electrician Assistant
Computer Technician

Ticketing & Reservations
Front Desk Assistant
Make-up Application Specialist
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| Nursing Assistant

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Shirley Street








Invites applications from qualified Christian teachers for the
following positions for the 2008-2009 School Year.








































-Journalism/Literature (Gr. 10-12)
-Religious Knowlege Bible (Gr. 7-12)

-Math (Gr. 7-12)

-Physics (Gr. 10-12)

-Agriculture (Gr. 7-9)

-Technical Drawing (Gr. 7-12)
-Accounts/Commerce/Economics (Gr. 10-12)
-Physical Education (Gr. 7-12)

-Spanish (Gr. 7-12)

-Geography/History(Gr. 10-12)

-Chemisrty

-Business Studies (Gr. 10-12)

-Health Science (Gr.7-9)

-General Science (Gr. 7-9)

-Computer Studies (Gr. 7-12)

-Music (Gr. 7-12)

-Biology (Gr.10-12)
--Language Arts/Literature (Gr.7-12)
-Art/Craft (Gr. 7-12)
-Food Nutrition (Gr. 10-12)
-Clothing Construction (Gr. 10-12)
-Social Studies (Gr. 7-9)
-Home Economics (Gr. 7-9)

Applicants must:

A. Be a practicing born-again Christian who is willing

to subscribe to the Statement of Faith of Temple
_ Christian School

B. Have a Bachelor’s Degree in Education or higher.
from a recognized College or University in area of
specialization.

C. Have a valid Teacher’s Certificate or Diploma

D. Have at least two years teaching experience in the
relevant subject area with excellent communication
skills.

E. Applicants must have the ability to prepare students
for all examinations to the BJC/BGCSE levels.

E Be willing to participate in high school’s extra

curricular programmes.







Application must, be. picked up at the High School Office
vitae, recent coloured photograph and three references to:

Mr. Neil Hamilton
The Principal
Temple Christian High School
P.O.Box N- 1566 ,
Nassau, Bahamas

~ COMMONWEALTH OF THE BAHAMAS
JN THE SUPREME COURT
Common Law and Equity Division

NOTICE

THE QUIETING TITLES ACT, 1959 (Chapter 393)

2007/CLE/qui/00975

'- The Petition of Constance Andree Comery and Lillian
Angelina Rolle both of the Island of New Providence
one of the Islands of the Commonwealth of The

_ Bahamas in respect of:

ALL THAT pieces parcels or lot of land containing
Four Thousand Two Hundred and Ninety-one (4,291)
square feet situate on the Western side of West Street
approximately Forty-seven (47) feet north of Adderley
Street in the City of Nassau in the Island of New
Providence one of the Islands of The Bahamas

The Petitioner, Constance Andree Comery and Lillian
Angelina Rolle, claim to be the owners of the fee simple
estate in possession of the piece parcel or lot of land
hereinbefore described and the Petitioners have made
application to the Supreme Court of the Commonwealth of
The Bahamas under Section 3 of The Quieting Titles Act,
1959, to have their title to the said land investigated and the
nature and extent thereof determined and declared in a
Certificate of Title to be granted by the Court in accordance
with the provision of the said Act.

Copies of the filed Plans may be inspected during
normal office hours at:

(a) The Registry of the Supreme Court, Ansbacher House,
East Street North, Nassau, Bahamas

(b) The Chambers of Michael'W. Horton, Arianna House,
Dunmore Lane, Nassau, Bahamas.

NOTICE is hereby given that any person or persons having
Dower or right to Dower or any Adverse Claim not
recognized in the Petition shall within Thirty (30) days after
the appearance of the Notice herein file in the Registry of
the Supreme Court in the City of Nassau aforesaid and serve
on the Petitioners or the undersigned a Statement of Claim
in the prescribed form verified by an Affidavit to be filed
therewith. Failure of any such person or persons to file and
serve a Statement of Claim and the requisite documents on
or before the said Thirty (30) days herein will operate as a
bar to such claim.

MICHAEL W. HORTON
Attorney for the Petitioners
Chambers,
Arianna House,
Dunmore Lane,
Nassau, Bahamas



Commercial Building
East Street South

www.bahamasrealty.bs
www.cbrichardellis.com

«OFFICE & RETAIL SUITES
(Completion 2009)
BAHAMAS REALTY rtp.

COMMERCIAL.

In association with:

CBRE

CB RICHARD ELLIS
NAVIGATING A NEW WORLD

Six Units at 726 sq. ft.each

Popular High Traffic Commercial Area
© Brand New Attractive Design

Ample Parking Available

For More Information Call 396-0000

BIS)

Pricing Information As Of:


























Abaco Markets
















































11. 25 Bahamas Property Fund 3 . 3
8.50 Bank of Bahamas 9.61 0.643 0.260 14.9 2.71%
0.83 Benchmark 0.99 0.188 0.030 5.3 3.03%]
1.95 Bahamas Waste 3.66 0.289 0.090 12.7 2.46%
1.25 Fidelity Bank 2.60 0.058 0.040 44.8 1.54%
10.03 Cable Bahamas 12.95 14,000 1.030 0.240 13.2 1.76%
2.00 Colina Holdings 3.14 0.031 0.040 101.3 1.27%
4.6: Commonwealth Bank (S1) 6.95 17,440 0.428 0.260 16.3 3.749
4.41 Consolidated Water BDRs 4.41 0.129 0.052 34.1 1.189
2.20 Doctor's Hospital 2.45 0.316 0.020 7.8 0.829
5.85 Famguard 7:79 1,000 0.713 0.280 11.0 3.579
12.30 Finco 12.95 1,500 0.810 0.570 16.0 4.40
13.90 FirstCaribbean 13.99 5,170 0.914 0.470 15.2 3.38%
5.12 Focol (S) 5.15 7,500 0.363 0.140 14.2 2.72%
0.54 Freeport Concrete 0.74 0.035 0.000 21.1 0.00%)

7.20 ICD Utilities

J. S. Johnson
” Fidelity Over-The-Count
Bid $






14.25
6.00

Bahamas Supermarkets
Caribbean Crossings (Pref)








0.20 RND Holdings 0.35 0.40 . 0.35
es Pes Colina Over-The-Counter Securities _ se
2 41.00 ABDAB 41.00 43.00 41.00
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00
: 0.40 RND 2 Holdings 0.45 0.55 oO. 45
es @ i BISX Listed Mutual Funds 67
52wk-Low Fund Name NA Vv YTD% Last 12 ‘Months Div $ Yield %



































1.2037 Colina Bond Fund 1.300059*** 0.62% 6.15%

3.0008 2.4723 Colina MSI Preferred Fund 2.999402*** -0.04% 15.53%
1.3812 1.2647 Colina Money Market Fund 1.381183°""** 0.39% 3.85%
13.7969 3.0569 Fidelity Bahamas G & | Fund 3.7442°** -1.40% 27.72%
11.9880 11.3545 Fidelity Prime Income Fund 11.9880*** 0.46% 5.53%
100.0000 100.0000 CFAL Global Bond Fund 100.00**

100.0000 CFAL Global’Equity Fund 100.00**
1.0000 CFAL High Grade Bond Fund 1.00**
9.6628 Fidelity International Investment Fund 9.6628**
: FINDEX: CLOSE 914.71 J YTD 4.23% 1 2007 34.47%

MARKET TERMS YIELD - last 12 month dividends divided by clo: sing price



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

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

S2wk-Low - Lowest closing price in last 52 weeks

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

Daily Vol. - Number of total shares traded today

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

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

('S) - 4-for-1 Stock Split - Effective Date 6/8/2007

(S1) for- 1 Stock Split - Effective Date 7/11/2007

TG TRADE CALL: CRAL 242-602-7010 7 FIDELITY 242-366-7764 7EOR



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 $ - Acompany’s reported eamings per share for the last 12 mths

** ~ 31 December 2007
***. 31 January 2008

** . 2 January 2008
NAV-NetAsset Value 0000 - 22 February 2008
N/M - Not Meaningful .
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100





PAGE 10B, MONDAY, MARCH 3, 2008 a | THE TRIBUNE |
es See GOVERNMENT NOTICES ]





GN-653



DEPARTMENT OF PUBLIC SERVICE

The general public is hereby notified that the Legal Representatives of the following deceased Public Officers are
requested to contact the Accounts Section of the Department of Public Service at telephone number 502-7200 as soon
as possible.



Soe RI SSR TARA DREISER SNA A te

o

Legal Representatives are also requested to submit the original copies of the Letters of Administration to the Poinciana
Hill Complex, Meeting Street.

NAME OF OFFICER LAST KNOWN ADDRESS DATE OF
DEATH

ENVIRONMENTAL HEALTH SERVICES

aie
ELEUTHERA


























MINISTRY/DEPARTMENT OF EDUCATION

ae ROSALEE ANDERSON BALLS LANE

a
seni
—

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a JOSHUA SANDS PINEWOOD GARDENS
NEVILLE GIBSON 08/05/2007

FRANCIS SMITH . SEA BREEZE DR. :
49 | | GERALD FRITZ COOPER . MILE ROCK 16/09/2000
es THOMAS GIBSON CARMICHAEL ROAD

a ELIZABETH SAUNDERS



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HARTWELL ARMBRISTER — - DORSETTE STREET 30/04/2002





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ROOSEVELT TURNER “LAIRD STREET 02/04/2001
12. | WILLIS F. BOWLEG ~ | HOSPITAL LANE
LAWRENCE WHYMS LAWRENCE CLOSE

WELLINGTON FERNANDER MARKET STREET, SOUTH

PANDORA R. CLARKE POLHEMUS STREET

13/10/2005

01/01/2007



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2 DAWN PEDICAN FREEPORT, GRAND 16/10/1999
BAHAMA



DEPARTMENT OF PUBLIC SERVICE

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SANDILANDS REHABILITATION CENTRE

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25 RENFORD R. WHYMS CLARIDGE ROAD 05/01/2001 14

ATTORNEY GENERAL i]

| EMMA PASTORAL SHIRLEY STREET 30/06/2001 LEANOR BASTIAN COERENORTES eee HH

iN

WILTON MCKENZIE ~ RUPERT DEAN LANE | 25/08/1999 HH

; {

HAYWARD WRIGHT ELIZABETH ESTATES | 07/03/1995 JUDICIAL DEPARTMENT |

. PRESCOLA FARRINGTON SOUTH BEACH 21/05/2007 |

ELTON MOSS MCINTOSH CROOKED ISL. STREET | 13/05/2002
DIANNA RAHMING YELLOW ELDER 10/06/2002






REGISTRAR GENERAL’S DEPARTMENT
fee ORMANDO ROLLE

SACHA D. DAWKINS

LOCAL GOVERNMENT

71 | MARGARET S. FORBES GIBSON FREEPORT, GRAND 11/02/2005
BAHAMA





MINISTRY/DEPARTMENT OF EDUCATION 29/04/2006

BRENDA KNOWLES LOWE SOUND ANDROS | 25/03/96

ALTHEA WILLIAMS GLADSTONE ROAD 20/07/2002

KERMA BLACK MURPHY FREEPORT, GRAND 05/12/2003
BAHAMA

CLAUDINE E. SMITH CENTRAL ANDROS 08/05/2003

36 LOUISE FERGUSON FREEPORT, GRAND 12/12/2004
BAHAMA

OLIVIA KENT MT. ROYAL AVE 17/10/2002

PAULETTE WRIGHT PINDER’S’POINT 16/04/2002

KENNETH STRACHAN GOLDEN GATES #2 16/01/1999







LANCASTER ROAD 31/07/2003



A
2



3

3
34








MINISTRY OF FOREIGN AFFAIRS

72 | MONIQUE SEYMOUR-COOPER DUNMORE AVE 10/08/2003
B.

PHILIP MALCOLM FREEPORT, GRAND 16/08/2006
BAHAMA
KENNETH WHYMS IMPERIAL PARK 30/06/2007

SLR OTe CR




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THE TRIBUNE













OFFICE OF THE PRIME MINISTER
GROVE





BAHAMAS CUSTOMS DEPARTMENT

CEDRIC CUMMINGS YELLOW ELDER 12/09/2002
DEBORAH VD. DAVIS JEROME AVE 17/02/2006

SEAN R. MACKEY ELIZABETH ESTATES | 26/03/2006

KENNETH J. FERGUSON NASSAU VILLAGE 24/08/2004
KENNETH BOWLEG LANCHESTER 21/01/1995
STREET

MAGISTRATE’S COURT

99 | PAULINE L. ASTWOOD WEST STREET 90/02/2003 .
HOUSE#153
SHEILA BROWN 21/04/2007

IMMIGRATION

ae DEBORAH JOHNSON HUDSON STREET 16/03/2003

85 | THERESA NEELY PALM BEACH ST. 12/01/1995

fee) WENDOLYN SWEETING FREEPORT, GRAND __| 27/08/2006
BAHAMA

MINISTRY OF NATIONAL SECURITY (POLICE DEPARTMENT
87 | LIONEL A. PRYCE FREEPORT, GRAND _| 20/08/2007
BAHAMA
FREEPORT, GRAND
BAHAMA

ee taundtecmen teak
| KENDRICK FARQUHARSON PALMETTO POINT 10/03/2007
ELEUTHERA

det tal ed
22/06/2007

2 eee eee
iz DEREK R. GITTENS SHIRLEY STREET
























88 |EDISONE BAIN. 73/10/2007




CLOIDE GREENE











—_ pods

93 | PAUL R. THOMPSON, JR.



LEWIS STREET 13/07/2007






ee ELMA J. WOODSIDE CLARIDGE ROAD 10/09/2006

ae CHRISTINE M. AUGUSTIN MARSHALL ROAD 28/05/2006

GENEVIEVE J. OLIVER FREEPORT, GRAND | 04/01/2006
' | BAHAMA

ee EDDISON E. BANNISTER BACARDI ROAD - 12/11/2006

Pa HENRY M. CURRY 111 ” FARRINGTON RD 10/07/2005

CASTROMER GRIFFIN FREEPORT, GRAND | 16/12/2001
BAHAMA

CLAUDE J. LESBOTT GOLDEN GATES 13/03/2005

THE COLLEGE OF THE BAHAMAS

105 ELIZABETH ESTATES



















MINISTRY OF SOCIAL DEVELOPMENT

106 | ALOHONSO ROLLE HILLSIDE PARK 12/06/2005
107 | SHARMILLA M. SMITH | GOLDEN GATES 18/12/2006

SOCIAL SERVICES DEPARTMENT
ee ecient

MINISTRY OF YOUTH AND SPORTS

109 | STEPHANIE PORTER 15/04/2005
fete ee So

feel

POST OFFICE DEPARTMENT
GREGORY TOWN
ELEUTHERA


















110 | HARRY PINDER




RICHARD W. GREENE GOLDEN GATES #2 19/01/2004
114 [HANSEL G. COOPER ~——T'WINTON ESTATES 10/08/2007

CARIB ROAD _ | 24/11/2006

_ | 130 JOHN JOSEPH yee ati al

| wv AL WoDe Pde PSE eS ree Ft ry : | } . | . —*
Pe SHARON A. HIGGINS EXUMA STREET 15/08/2006 KEITH CUMMINGS 13/09/1997

. CYRIL DEVEAUX EXUMA STREET 09/04/2006

MONDAY, MARCH 3, 2008, PAGE 11B

DTA aN a a
GOVERNMENT NOTICES i










DEPARTMENT OF CIVIL AVIATION

eZ RICARDO D. MILLER BLUE HILL RD, SOUTH | 07/04/2000
MICHELLE D. DORSETT SOUTH BEACH 23/07/2003
3





115 | CHRISTOPER STYLES HOSPITAL LANE 04/11/1997
Pe CORRINE D. EMMANUEL 31/08/1998

DEPARTMENT OF AGRICULTURE

ee eee
oe
120 | SELRENA NEWBOLD _



















121 | CHRISTINE LEE HATCHET BAY, 13/03/2004
ELEUTHERA
122 | THOMAS BOWE, JR. es pe atte ao |





ST. JAMES ROAD 07/2/2004

SHADY TREE AVENUE | 07/06/2007

IVADELL LUNDY } PRATI’S ALLEY 29/11/1997

MINISTRY OF PUBLIC WORKS AND TRANSPORT a

LESHON JOHNSON - MONTELL HEIGHTS Q2N21972

126 | GENEVA PENNAMAN THOMPSON LANE 25/11/2006

CARL GLINTON ee ta 26/04/1998

MINETTE STEELE MASTIC POINT, 08/03/1997
ANDROS

| 129 | NEVILLE BOWE 09/08/2005

qo en “T9s/07/1997 |













pase ps
NY nN
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132 | MITCHELL HUMES

FOX HILL 04/01/2003 -
FOREST DRIVE 6/08/2004
FREEPORT, GRAND 18/11/1990
BHAAMA

ELROY FARRINGTON PRATTS ALLEY 07/05/2006

_ _




133 | WAYNE BASTIAN




134 | TRUMAN KNOWLES




ever eaeneotaee
eee. ed LYNES LANE OFF 08/04/2005
WULFF ROAD .

142 | AVIS'S. MUNROE LILLY OF THE VALLEY j 06/02/2007
CORNER

143 | JAMES ADDERLEY LEWIS YARD 05/01/1995

12/08/1995

05/06/2001












144 | ANTHONY WONG SANDS ROAD





MEADOWS STREET

150 | PAUL GREENSLADE RUPERT DEAN’S LANE | 26/04/2005
151 | ISANORA D. ADDERLEY TUCKER LANE 25/03/2007






152 | ROBERT KERR STRACHAN’S ALLEY | 30/09/2007
OFF KEMP ROAD
153 | JAMES ROMER BEL-AIR ESTATES 01/12/2006









PAGE 12B, MONDAY, MARCH 3, 2008

THE TRIBUNE





The Tribune wants to hear
from people who are
making news in their
neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning
for improvements in the
area or have won an
award.

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

@ By NEIL HARTNELL
Tribune Business Editor

lons per day, removing a sig-
nificant financial burden from
its back.

Phenton Neymour, minister
of state for utilities, told the
House of Assembly last week
that Consolidated Water had
met the target of reducing the
Corporation’s non-revenue
water losses by one million gal-
lons per day or 438 million gal-
lons per year.

CONSOLIDATED Water,
the BISX-listed operator of the
Blue Hills reverse osmosis
plant, has met its contractual
obligation to reduce non-rev-
enue water leaks from the
Water & Sewerage Corpora-
tion’s New Providence intra-
structure by one million gal-







Visit our website at www.cob. edu.bs
MEET THE WRITER &
BOOK LAUNCH

Tuesday, 4th March at 6:00 p.m.
Chapter One Bookstore










Dr. Nicolette Bethel will share some readings and excerpts
from her books Essays on Life and The Children's Teeth.

PLACEMENT EXAMINATION

The placement examination for the Fall 2008 semester is as follows:












Wednesday, sth March Thursday, git March Friday, qth March






































Aquinas College Government High School St. Andrews

Queen’s College R. M. Bailey High School St. Anne’s High School

C.I. Gibson C.C. Sweeting High School Westminister

Charles W. Saunders Temple Christian Mt. Carmel Preparatory

C. R. Walker . Faith Temple Christian Bahamas Academy

Doris Johnson Secondary Academy St. John’s College

St. Augustine’s College C.V..Bethel Secondary Nassau Christian Academy
Kingsway Academy Prince William High School






All Family Islands



Saturday, gth March
All applicants who are not currently enrolled in high school or out of school applicants

All exams will be administered at the Kendal G.L. Isaacs gymnasium beginning at 8:00 a.m.
Students should be attired in their school uniforms and bring with them their school ID cards or
a passport, two pencils and a ruler. For more information please call 302-4499 or email
admissions@cob.edu.bs ,








P 8 43 OFS RM A ORE OME OE

The College of The Bahamas is accepting applications
for The President’s Scholars Programme.

CRITERIA

A minimum cumulative
grade point average of 3.50
SAT scores of 1800

Must be a high school senior
Must be a Bahamian citizen.
Must pass at least 7 Core
BGCSE Subjects (with 5 A
GRADES) by the end of
this year’s sitting.





BENEFITS

- Full payment of tuition
and general fees

- Annual book allowance

- Retreats

- Study lounge complete
with computer, printing
and faxing privileges

- Leadership workshops
and conferences

- Domestic & International travel

- President’s Scholars award at Commencement



Application deadline Mar 31, 2008
Applications online at www.cob.edu.bs
Fax 302-4329) Tele 302-4589
Office of Student Leadership Room A 85







THE INTERNATIONAL LANGUAGES AND CULTURES INSTITUTE - THE COLLEGHUNIVERSITY OF THE BAHAMAS
EVENTS CALENDER 2008 (REVISED FEBRUARY 19", 2008)






LECTURERS / PARTICIPANTS
























I March 28 PowerPoint presentation: Leccure and slide show by L. Moss Monnings Building
Briday VICTOR HUGO ~ Bevond LES MIZ ‘ - Room 2a 6:30
Apnl 11 HAITIAN FILM Slide presentation: Leger, SCCA Munnings Building





Room 2 ut 6.30
Munnings Suilding
Room 2 at 6:30

Band Shell from 9:14) AM



(title to be announced)
Austrian Movie:
SISSY
HATH AN FLAG DAY

April 25 Presentation by Anstaan Consul, Mr. Emst Rumer
May 17"
Saturday



Pare and celcbration of Haitian coluure













May 23 “TCLASSICAT. MUSIC EVENING Piano solos by 1. Moss; ~T Munnings Building 1
Friday Cello: piano ducts by H. Peloguin & I. Moss { Room 2 at 7 PM i
NOTE: ALL EVENTS ARE SUBJECT PLEASE CALL US PRIOR TO ANY | 302-4584

_| TO CHANGE EVENT TO CONFIRM 3012-4587 |

Dates are subject t change.



BISX-listed firm ’s
water loss boost |



TAM AG McRae kms

Mr Neymour confirmed:
“Having met the non-revenue
water target, Consolidated
Water has fulfilled its contrac-

tual obligations and the Cor-

poration is now faced with the
additional cost of paying for
that one million gallons per
day that it was receiving for
free. This alone translates into
an added cost of approximate-
ly $1.1 million annually.”

He did not, though, confirm
the date upon which Consoli-
dated Water had met the tar-
get, or comment on the
$618,000 that the BISX-listed



company had been seeking
reimbursement for.

In its last quarterly 10-Q fil-
ing with the Securities &
Exchange Commission (SEC),
Consolidated Water said it was
seeking reimbursement of that
sum because it believed it had
completed the non-revenue
water project in March 2007.

As a result, it. wanted to
recover the cost of the 1.2 mil-
lion free gallons of water per
day it had been supplying to
the Corporation over the seven
months between March-Octo-
ber 2007.



Rick McTaggart, Consoli-
dated Water’s chief executive,
said the cost of providing free
water to the Corporation had
“depressed” profit margins at
the Blue Hills plant. Yet the
project would save the Corpo-
ration $2.5 million per year, he
added.

The cost of supplying the
Corporation with those 1.2 mil-
lion free gallons per day was
$200,000 during the 2607 first
quarter, Consolidated Water
had revealed previously, push-
ing operating costs higher and
reducing gross margins.

TO BAHAMIAN LAND OWNERS,
DEVELOPERS AND INVESTORS:

REQUEST FOR
~PROPOSALS

LONG -TERM LEASE OF
EXECUTIVE STAFF RENTAL HOUSING

Baha Mar Development Company Ltd. invites proposals from Bahamian land

owners, developers and investors to build and lease to. Baha Mar on a long-

~ term basis a total of approximately 150 multi-family residential housing units

located in developments of at least 30 units each, conveniently located to Cable

Beach for occupancy by the executive staff of Baha Mar, Caesars Bahamas

Management Corporation and Starwood Hotels & Resorts Worldwide Inc. and

their respective contractors, consultants and suppliers.

For further information or to obtain a proposal package contact:

Steven Katz

BAHA MAR DEVELOPMENT COMPANY LTD.
Email: skatz@bahamar.com Tel: 242.677.9081

'