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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gee
0’ FISH




HIGH
LOW



WEATHER



FORLENT — rmiovin’it.

83F
72F

PARTLY SUNNY,









SHOWER, F-STORM



Grounding of tanker
sparks gasoline woes

in San Salvador and
reportedly New Providence

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

THE LADY Francis will
arrive in San Salvador this
evening with nearly 150 gallons
of gasoline as the shortage of
fuel due to the grounding of the
tanker Ficus hits this far-flung
island.

Speaking to The Tribune yes-
terday, a number of residents
in San Salvador complained of
having to ask family members
and friends to purchase gaso-
line in New Providence and ship,
it on the mailboat.

“When I left San Sal, gas was
there,” said Mr Stanley Butler.
However, after a short trip’ to
New Providence, he said his
wife telephoned him to inform
him that the stations had run
out.

Mr Butler said he was now
sending eight gallons of gaso-
line on the Lady Francis to his
wife Christina.

Another customer, Cyril
Morley, an inspector at the Port
Authority, said he was sending
up to three, five gallon contain-
ers for his wife as well.

Mr Morley quipped that per-
sons expecting fuel had better
show up at the dock in Cock-
burn Town today on time, oth-
erwise they might find that their
gasoline had simply “evaporat-
ed” into thin air.

Reports had reached The Tri-
bune yesterday of stations
rationing fuel even in New
Providence as the island felt the
pinch of the lack of some of the
120,000 gallons that the Ficus
was expected to offload.

The Ficus is also laden with a
cargo of aviation kerosene, and
light automotive diesel.

As the Lady Francis was
completing its loading at Pot-
ter’s Cay Dock yesterday, cars
continued to pull up and offload
various containers, cans, and
drums, filled with the much
needed petroleum product.

With only two companies ser- °
vicing the entire island, it is »~

understood that while Shell had
run out of fuel, Esso had started
to ration the last of its reserves.
Each resident was being per-
mitted only a $20 maximum
purchase which amounted to
just about four gallons.

However, before noon yes-
terday, the supply was depleted.

As the Family Islands are
designed to have fuel depots,
commonly referred to in the
business as “satellite plants” to
hold over 4,000 gallons of vary-
ing petroleum products, it is a
question as to whether these
depots were actually being filled
and maintained with enough
product for such a crisis.

A source within the Ministry
of Works stated: “We owe the
Family Islands an apology for
the way they are treated. We
owe them a real apology.”

While admitting that he nor-
mally does not accept gasoline
in such quantities as cargo on
his vessel, Captain Locus Patton
said he was willing to make an
exception for this voyage

’ because of the present crisis at

San Salvador.

Calls for Minister of State for
Public Utilities, Phenton Ney-
mour, were unsuccessful up to
press time yesterday.

1 Lhe Tribune

ANY TIME...ANY PLACE, WE’RE #1



NOW OPEN!

Sunday ~ Thursday
11:00 am to 11:00 pm
; &
Friday - Saturday
11:00am to 12:00am



PRICE — 75¢

TAT Mt
looking glass’

BU eae.

Woman’s rbeds
is discovered
in apartment

FREEPORT - The body of
a woman was discovered in‘an
apartment in the Freeport
area on Tuesday morning.

According to reports, resi-
dents at an apartment com-

-plex smelled a foul odour

emanating from the apartment
and contacted the police.
- The identity of the victim is
being withheld at this time.
An autopsy will be performed .
to determine the cause. of
death.

$4.5m
worth of
cocaine

seized

ABOUT $4.5 million worth
of cocaine was seized by Drug
Interdiction Officers at the
Freeport Container Port after
it was. offloaded from an
Ecquadorian vessel for trans-
shipment to Spain.

Acting on a tip, the Grand
Bahama officers went to the
Container Port at about 3. 45pm
to make enquiries.

They searched a 20 ft metal
container, which had been off-
loaded onto the storage bay.
During the’ search, five large
black nylon duffle bags, con-
taining a quantity of suspected
cocaine, were discovered under
a shipment of palm oil.

SEE page 10

Felipe Major/Tribune staff

GAS drums are loaded onto the Lady Francis shortly before her departure for San Salvador yesterday.

Jurors unable to reach PSTaintoceele.
verdict in ‘Ninety’ trial BRiecinlGareiccas



AUTO INSURANCE

Never start your
engine without us!

itcomes to Auto Insurance,
emember the smart choice is

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Smart people you can trust.

NSURANCE MANAGENENT

(BAHAMAS) LIMITED. INSURANCE BROKERS & AGENTS

mek a | hn ie tome |
a Fg

terday, with the prosecutor
given the opportunity to
rebutt the assertions of the
defence.

The prosecution reportedly
brought several documents to
court yesterday, some of
which outlined the alleged
activities of the Samuel



Knowles drug trafficking
organisation.

The jury retired at 2pm yes-
terday to deliberate.

When the jurors had not
reached a verdict by the end

of the working day, Judge

James Cohn ordered that they
be released until today at 9am.

This is the second trial to
take place in Fort Lauderdale
in the Knowles drug conspira-
cy case.

Last November the US
court declared a mistrial when
a majority of jurors were
unable to reach a verdict.

Stites
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SAMMIE MEAL

$4.99 54

ONE SAMMI,
Reg. Fries & 160z
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ATT EMMARSLMe cea Lm aL ee TA
OR Ton atone Mie coe maar Ta

THE Fort Lauderdale lm By ALISON LOWE
jurors in the Samuel “Ninety”
Knowles drug trial were
unable to reach a verdict yes-
terday.
Both the defence and the
_f| prosecution each addressed
| the jury for 90 minutes yes-

Tribune Staff Reporter
alowe@tribunemedia.net

NASSAU business owners are being warned to stay alert as
a brazen female fraudster has used trickery and deception to rob
a series of Palmdale establishments in the last week.

A “solid built, full figured” woman, dressed well and estimated

to be in her’ early to mid-thirties, is known to have entered at

least three businesses in Palmdale, making efforts to put employ-
ees at ease with casual conversation before later surreptitious-
ly robbing them of their personal belongings.

The Chiro Therapy Centre, Green Leaf Designs and the
Bahamas Foot Centre — located less than half a mile from
each other — were all hit.

SEE page 10



¢ Palmdale ¢ Paradise [stand

e (lakes Field
QM RAT Ga SS poo.
ere



PAGE 2, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



Arrest of ‘Ninety’ Knowles may be linked

to murder rate rise, says US drugs officer

Claim that smaller gangs could be vying for dominance

B By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

A US narcotics officer yesterday admitted
a possible link between the arrest and extra-
dition of alleged drug trafficker Samuel
“Ninety” Knowles and the rising murder
rate in the Bahamas.

Speaking yesterday at the US embassy
after he presented the 2008 International
Narcotics Control Strategy Report, Nar-
cotics Affairs Officer David Foran said it
was a “great thing” that “Ninety” was
arrested. However he suggested later it may
have precipitated a situation lacking in
order, in which smaller drug gangs vie for
dominance.

“The fact that we took him down is great
because it really sets things back and it
takes the little guys a long time to build up
to that level and hopefully in the time that

they are building we can get them before .

they get to that level,” said Mr Foran of
what he saw as the positive aspects of
Knowles’ arrest.

He claimed that there was a decrease in
cocaine seizures in the years immediately
following Knowles’ arrest. However, that
drug activity is “coming back now,” he said.

“It’s a constant fight. It’s like fighting the

ocean, you take one out and you’ve got
others trying to replace it.”

Mr Foran said it is “certainly a possibili-
ty” that conflict between nascent drug gangs
in the wake of Knowles’ exit from the scene
may be playing a role in the increasing mur-
der rate. In a situation where there is a
“dominant trafficker”, that individual will
“impose his own order,” he explained.

“It’s not a positive order but, you know,
they enforce their order brutally. And when
that enforcement from the top goes away
you have the little ones coming up fight-
ing for that turf.”

“Ninety” — designated a “drug kingpin”
by US president George W. Bush — was
extradited to the US to face trial there in
2006 on an indictment dating from 2000,
relating to alleged drug crimes which report-
edly took place in the mid-1990s. Federal
prosecutors have alleged that he might have
been involved in the distribution of $1 bil-
lion worth of cocaine. However, so far a
Florida jury has been unable to reach a ver-
dict on the charges of which Knowles is
accused.

Mr Foran said: “When a real major traf-
ficker is arrested, brought down, his organ-
isation is brought down and it creates a
void, it creates a market that needs to be
filled, and what happens is a lot of little

~ SELLING THE BAHAMAS: The BTO booth at Milan.

Medical Association of the Bahamas

36" Annual Conference 2008

Session X

guys step up and try to fill that market...it’s
supply and demand.”

He said that law enforcement officials in
the US and the Bahamas have already iden-
tified the latest “up and comers” in the ille-
gal drug trafficking business in this country.

“I couldn’t sit here and give you any
names, but certainly law enforcement, the
DEU and the DEA working together have
identified the up and comers. That’s the
way they work, not at street level — the
guys selling a couple of joints here and there
— they try and work in determining what
are the organisations, the biggest organi-
sations, and they try to take them out.”

According to the 2008 INCSR, there
exists between 12 and 15 drug organisa-
tions in this country — a possible increase
on the dozen identified in the previous year.

The report states that in 2007 Bahamian
authorities seized 630 kilograms of cocaine
and approximately 50.5 metric tonnes of
marijuana. 527 people were arrested by the
DEU on drug-related offences and $7.8
million in cash, five vessels and an airplane
were seized. Intelligence sources “suspect
multi-ton cocaine shipments to the Turks
and Caicos and the Bahamas from
Venezuela and Colombia took place (dur-
ing 2007)” but none of these were success-
fully interdicted, it said.







Friday, March 7" 2008
7:00pm -9:00pm

(Hors d'Ocavres 6:30pm)



Public Forum |
Royal Bahamas Police Headquarters
East Street Hill

Violent Crime: A Public Health Perspective

Violent Crime: A Public Health Issue
Dr. David Allan Psychiatry





DeErUTY DIRECTOR GENERAL Tommy Thompson with the staff of the Bahamas Tourist Office in Italy at BIT Milan
8.

MAIN SECTION

10Cal NOWS . oc ceseccecsseel 12,9,0/0;7,8,10,11,12
“editorial/Letters. ...2.......02.05.0. oie i P4
Se Suse irises ence .P9
BUSINESS SECTION

ESUSINCSS 5560 ooo opecrsiccsécaseces.P'1,2,0,4,0,6,0
BOVE i ieccicaliecs P8

THE Bahamas Ministry of
Tourism was busy touting the
country’s vacation experiences
at BIT Milan, Italy’s largest
travel trade show.

The Bahamas’ three-day
promotional push included an
interview with tourism deputy
director general Tommy
Thompson on Italian televi-
sion powerhouse, SKYTG.

The interview and meetings
with trade professionals gave
the Bahamas the chance to
publicise the success of the
Italian movie, Matrimonio alle
Bahamas, which was filmed in
Exuma last summer.

Teenage Pregnancy: The PACE Program
Mrs. Jackie Knowles Ministry of Education

The Y.E.A.S.T. Program: Bettering Male Health
Deacon Jeffery Lloyd

ARTS SECTION

Murders in the Bahamas: One More for the Records
Mr. Hulan Hanna. Chief Superintendent of Police

"Modeling Crime Reduction: Engaging The Community in 8 | CLASSIFIED SECTION 32 PAGES The film, which includes
Problem Solving Strategies That Work" eg ee
& egies ina or has had tremendous success
Kim Carter USA TODAY MAIN SECTION 12 PAGES in its European releases.
Founder/Executive Director Time for Change Foundation, Ca. USA
Dr. V. Diane Woods SPORTS SECTION vei a tate
Assistant Research Psychologist for Public Health. University of California, Local Sports .. tusselaectlad
Riverside/African American Health Institute USA Today Sports ai saeco, P3 -14 Se iy
No Charge Weather.. FOR PEST PROBLEMS

PHONE: 322-2157





THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 3.



Oo In a

Man accused of
raping woman, 82,
appears in court

A 37-YEAR-OLD man
accused of raping an 82-
year-old woman was
arraigned in Magistrate’s
Court yesterday after-
noon.

According to court
dockets, it is alleged that
Leon Cooper of Knowles
Drive broke into the
woman’s home at Big
Pond on Sunday March 2,
with the intent to commit
a felony.

It is further alleged that
on the same day, Cooper
had sex with the woman
without her consent.

Cooper, who was
arraigned before Magis-
trate Guillemena Archer
at Court 10 in Nassau
Street, was not required
to enter a plea to the rape
and burglary charges.

He was remanded into
custody and will return to
Court Nine, Nassau Street
today.

B A 34-YEAR-OLD
man accused of commit-
ting incest was arraigned
in Magistrate’s Court yes-
terday afternoon. Accord-
ing to court dockets, it is
alleged that between
June, 2004 and June, 2005
the man had sex with a
14-year-old girl who was
his niece.

The accused, who was
arraigned before Magis-
trate Guillemena Archer
at Court 10 in Nassau
Street, was not required
to enter a plea to the
charge.

He was granted bail in
the sum of $10,000. The
matte: nas been trans-
ferred to Court Nine on
Nassau Street to be
assigned a date.

GréC not expected
to raise production
llespite record
high oil prices

@ VIENNA, Austria

OPEC has virtually ruled
out pumping more oil to
ease record-high prices, key
oil ministers signaled Tues-
day on the eve of a cartel
meeting, according to Asso-
ciated Press.

Chakib Khelil, president
of the Organization of
Petroleum Exporting Coun-
tries, said the 13-nation
' group is shying away from
boosting production
because of the U.S. eco-
nomic slowdown, political
turmoil in the Middle East
and expectations of slacken-
ing global demand for
crude.

On Monday, oil surpassed
the all-time record of
$103.76 a barrel when
adjusted for inflation. The
previous record was $38, set
in 1980 at the height of the

help wit

-ic disorder is appealing to the

. (FBS) in November 2006 at

Bridgewater

defends herself against

allegations raised by Laing’s attorney

lm By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net

‘ATTORNEY Pleasant Bridgewater
was forced to defend herself against
charges that she was speaking to others
about the case while giving testimony
on the witness stand.

These allegations were raised by Fred
Smith, lead attorney for Zhivargo
Laing.

Mr Smith began the morning session
in election court by pursuing this line of
questioning of Ms Bridgewater before
Senior Justice Anita Allen and Justice
Jon Isaacs.

Ms Bridgewater acknowledged that
she spoke with others about the case
while she was in the witness stand.
However, she made it clear that she
did not talk to others about the evi-
dence that she was giving to the court.

She said that she has to prepare for
her case by speaking with her attorney,
and as a party to the proceedings, she is
still involved with making inquires sur-
rounding the case.

‘Mr Smith attempted to press the
issue, asking Ms Bridgewater if she

- appreciated that while giving evidence

she is not to speak with anyone about
the testimony according to the rules of
the court. .

Her lawyer, Philip ‘Brave’ Davis,
objected to the line of questioning and
emphasised that his client spoke with
people about the case, but not about the
evidence she is giving.

Senior Justice Allen intervened in
the debate and said that Ms Bridgewa-
ter is not just a witness but also a party
to the proceedings, raising the question

Family of infant appeals for
treatment payments



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

THE family of an infant
with an extremely rare genet-

public to help with payments
for medication and treat-
ment.

Two-year- old Jermario
Rolle was diagnosed with
Fanconi-Bickel Syndrome

Jackson Memorial Hospital
in Florida.

Jermario, who already has
undergone several dangerous
surgeries, requires a special
nutritional formula, as well
as constant supervision and
treatment by specialists in the
United States.

Turned down by Bahamian
insurance companies, Jer-
mario’s family said it has

’ she said.



acre ad Lele (Si els



_ of whether there is anything wrong with

Ms Bridgewater making inquiries about
the people she will give testimony on.

Mr Smith maintained that it is
extremely relevant that Ms Bridgewater
is in the witness box and spoke with
third parties while giving testimony. Mr
Davis again emphasised that she has
not discussed matters she is giving evi-
dence on, but has, as petitioner, con-
tinued to make inquiries surrounding
various parties.

Mr Smith attempted to continue
argument on the point, suggesting that
Ms Bridgewater has done something
quite improper on the issue. However,
Senior Justice Allen told Mr Smith to

TWO-YEAR-OLD Jermario Rolle was diagnosed with Fanconi-Bickel Syndrome





Zhivargo Laing

move on from the point on several
occasions.

She said that the issue is on record
and that at the end of the day the jus-
tices will resolve the matter in terms of
witness credibility.

Mr Smith was told to move on from
lines of questioning on several occa-

“ sions by Senior Justice Allen for repeat-
ing questions after Ms Bridgewater had
already answered.

On one occasion the Senior Justice
said that though he — Mr Smith — may
not like the answer, he cannot keep re-
‘asking the question.

The issue of when Ms Bridgewater
knew about the ineligibility of voters







Fashions &
Accessories

by
TADASHI

exhausted almost all avenues ness,’

in seeking financing for the
boy’s medical treatment.

Speaking with The Tri-
bune, the boy’s mother,
Abvadale Thompson, said
that one of the symptoms of
FBS is rickets — a softening of
the bones, which can lead to
fractures and deformity.

Ms Thompson said that her

She explained that she and
her daughter have so far
approached banks and the
Bahamas Heart Foundation,
without success.

“The Heart Foundation
told us they don’t deal with
his condition. All the bank
did was offer us a loan. (My
daughter) doesn’t work, and

er some symptoms can be
treated with a special diet
and other medication.

Long-term follow-up stud-
ies of nine persons with FBS
showed severely retarded
growth, partly compensated
for by the late onset of
puberty.

The.family of two-year-old
Jermario can be reached at



was also an issue yesterday.

Regarding Caroline Pierre, a voter
being challenged based on citizenship
by Ms Bridgewater, the petitioner said
that she had a search done, but found
nothing to confirm that Pierre is a citi-
zen.

This included, said Ms Bridgewater, a
search for Pierre’s birth certificate and
a check for records at the hospital. No
records were found in either case to
substantiate that Pierre is a citizen,
according to Ms Bridgewater. Similar
searches for documentation, she said,
occurred from June 2007, to about two
weeks ago.

Mr Smith suggested that in her affi-
davit, which was filed in June 2007, Ms
Bridgewater said she knew of the inel-
igibility of the voters in question on
May 2, while in her testimony yester-
day, she said that searches were only
conducted on the voter beginning in
June last year.

Ms Bridgewater rejected this inter-
pretation of the language in her affi-
davit, and said that it was brought to her
attention after the election that the peo-
ple on her list were ineligible to vote on
May 2.

On the issue of the basis of Hier citi-
zenship challenges, Mr Smith also asked
the petitioner if she intended to seek to
claim non-residence in the case of these
voters if the citizenship challenges fail.

Ms Bridgewater said the case of
Pierre is being challenged on the basis
of citizenship and added that she can .
only speak to this issue one voter at a
time.

The cross-examination of Ms
Bridgewater continues this morning at
10am.





LJ ommcamstet vente

Bytablidhed m1 1956 by an Gace
Ferfiamne Bireel (woe: Hy Te SE 5555 ow 32-7157

US.-Iran hostage crisis.
Investors, sensing that oil
production would remain

son has already suffered from

I only make $175 a week, we
several broken bones, espe-

can’t afford a loan,” she said.

telephone numbers, 429-
5711, 322-6304 or 325-3420.
Donations can also be made

Bhrrlerur Gece

{ext to Lafond Cay Real Ea

aie na hs



unchanged, pushed oil low-
er Tuesday.

Light, sweet crude for
April delivery fell $3.02 to .
$99.43 on the New York
Mercantile Exchange.

“Because of the economic
slowdown in the United
States — which is affecting
world economic growth and
world demand on oil this
year — I don’t think OPEC
will consider increasing its
production,” Khelil told
reporters. “Stocks are very
high ... and we are going to
have less demand in the sec-
ond part of the year.”

Pressure has mounted on
OPEC to raise output,,.
which could help pull down
prices which have hovered
above $100 for weeks.

Reaction was muted in -
the United States, where the
average price for a gallon of
gasoline has reached $3.16.

“Oil-producing countries
should work to keep the
markets well supplied. And
right now we have extreme-
ly high demand and tight
supply,” White House press
secretary Dana Perino said.

Since demand typically
eases in the second quarter,
however, OPEC was widely
expected to take no.action
at Wednesday’s meeting in
Vienna.

cially in the area of his
ribcage, but that so far all
breaks have healed without
difficulty.

Also due to the genetic
disorder,-she said, her son
cannot process glucose or lac-

- tose. This hinders his growth,

she explained.

To help him grow like nor-
mal children his age, Jer-
mario needs to be given a
special nutritional formula.

Ms Thompson said that
sold directly from the manu-
facturer, a month's supply of
the formula costs $400, how-
ever, sold through retailers,
one case can cost up to $800.

In addition to the formula,
Ms Thompson said that her
son also has to return to
Florida in April to see more
specialists.

Jermario’s mother said she
has also been advised by doc-
tors to admit her son to a
special clinic for a few weeks.
A stay at a clinic, however,
would cost $20,000 and more,
she said.

Jermario’s grandmother,

’ Brenda Rolle-Thompson,

said that no Bahamian insur-
ance company is willing to
ensure her grandson.

“He’s just too expensive
for them, no one wants to
insure him because of his ill-

Mrs Rolle-Thompson said
that she will now begin
appealing to the country’s
churches in hopes that one
of them will want to donate

funds to defray Jermario’s .

many medical bills.

According to the Gale
Encyclopedia of Genetic Dis-
orders Part I, the FBS dis-
ease — also known as glyco-
gen storage disease type XI -
is believed to occur in less
than one in one million
births.

Since it was first discovered
in 1949, only a few dozen cas-
es have been studied, most
in the United States, Europe
and Japan.

“Onset of FBS is within the
first year of life, with the
overt symptom being a fail-
ure to thrive. At age two, an
enlarged liver and kidneys
are present and the child has
rickets.

“One common thread in
some of the cases that have
been studied has been con-
sanguinity, meaning that FBS
is found in the children of
two persons of the same
blood relation. In several of
these cases the consanguinity
is between two first cousins,”
the encyclopaedia states.

There is no effective treat-
ment for the disease, howev-

to the FINCO bank account
of Brenda Thompson-Rolle,
number 2081822.



ena info! cohen coe * FO, Boor M12



Taliween Mie gh Hed



PAGE 4, WEDNESDAY, MARCH 5, 2008 THE TRIBUNE

EDITORIAL/LETTERS TO THE EDITOR

The Tribune Limited | BCB Chairman
responds to
‘dastardly’
diatribe

EDITOR. The Tribune.



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

SIR ETIENNE DUPUCH, Kt. 0.B.E., K.M,, K.C.S.G.,
(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to.Saturday

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

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

percentage of the receivables

Nassau Fax: - (242 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348

PLP work on court complex faulty

IN THE HOUSE of Assembly last Thurs-
day Mr Desmond Bannister, Minister of State
for Legal Affairs, told the House that if the
results of preliminary testing are confirmed
many of the load bearing walls of the Magis-
trate’s Court complex at Nassau Street might
have to be torn down.

This means that the interior walls will have to
be pulled down to the first floor and construc-
tion started all over again on a much-needed
complex that the PLP government promised
would be ready for use by November, 2006.

The project was budgeted for $5 million. So
far about $2 million has been spent and, Mr
Bannister told the House last year, Bahamian
taxpayers will have to pay an additional $1.2
million because of “the PLP’s mismanagement
of the contract.”

Said Mr Bannister on Thursday: “Most
recently, concern has been raised that under
the former administration works were permitted
to proceed on the building with concrete blocks
which do not meet the minimum compressive
strength.

“The fear is that if the results of the prelimi-
nary testing are confirmed many of the load

bearing walls may have to either be pulled down .

or reinforced prior to any further construction
proceeding.

“To do otherwise,” he continued, “raises the __

spectre of an unimaginable nightmare being
visited on our people if these walls were to col-
lapse on an occupied courtroom.”

Mr Bannister hoped that the complex would
be “substantially or totally completed this year.”

Mr Bannister gave his update on the court ,

when speaking on the mid-year budget state-
ment last week.

Last year, speaking during the debate on
government’s 2007/08 budget, Mr Bannister
was replying to accusations by the former PLP
government about the suspension of a number
of building contracts.

The PLP had been out of office a month
when the new government presented its first
budget.

At the time the PLP had accused the new
FNM administration of being “reckless of
putting Bahamians out of work and of commit-
ting a number of other unpardonable sins.”

Mr Bannister said that the Nassau Street
magistrate’s court complex was a prime exam-
ple of why the previous government’s contracts
had to be suspended and reviewed.

In the 2006 budget debate then Attorney
General Allyson Maynard Gibson said she
expected the complex to be completed in
November 2 :

“As with many other projections by that for-

mer minister,” Mr Bannister said at the time,
“this completion date was wrong, and justice has
paid the price of this delay.”

Mr Bannister said he was told by the Ministry
of Works at that time that “millions of dollars
have been spent on this complex, which is still
not even close to being completed.”

As to putting Bahamians out of work, Mr
Bannister told the House in the 2007 debate,
that he was told “this work site has been a mini-
United Nations, with workers being imported
from a number of other countries to do work
that Bahamians could easily do.

“In fact, when I visited the site several
Dominican workers hid from me, while the few
Bahamians who were there asked me how could
the Immigration department permit these for-
eign workers to be imported for routine every-
day work while hundreds of Bahamian masons
and carpenters are looking for work.

“So, we can see,” he concluded, “why the
other side doesn’t want these contracts to be sus-
pended and reviewed, but we are acting in the
best interest of Bahamian workers and taxpay-

”

ers.
OR KK
‘Grass’ on Bay Street

Over the weekend a visiting Austrian couple

returned to Vienna after a 10-day visit. Dis-

cussing their holiday here they laughingly told
the following story.

One day they were on Bay Street when a

‘man sidled up to them. He whispered some-

thiny to the male visitor, who did not understand
what he was saying.

Asking him to repeat himself, the Bahamian
made his offer in a slightly louder voice.

Still not comprehending, the visitors” asked
him to again repeat himself.

Each time he was asked to repeat, his voice
with his offer got louder, so loud in fact that a
small circle of amused onlookers gathered.

The Bahamian by now was almost shouting
his request.

Although the Austrians spoke good English
and understood the words, they could not
understand why the man wanted to sell them
“grass” or “weed.”

When someone explained to them that they
were being offered drugs, the visitors shooed
him off and walked quickly away.

If, we asked, this little drama could attract a
small crowd of onlookers, didn’t it attract a
police officer to make an arrest?.“Oh, no,” was
the reply, “we saw no police. But I can tell you
ther~’s a lot of grass on Bay Street! The pushers
are very active.”

It is now up ta the police to get the hustlers
off this island’s main thoroughfare.



Kindly allow me equal
space in your publication to

respond to a most dastardly _

attack levelled at me person-
ally and in my capacity as
chairman of the Broadcasting
Corporation by one Elcott
Coleby.

I can't say that I know the
good gentleman. I have nev-
ertheless concluded, based on
his public utterances as car-
ried in the press, that he fits

the genre of political hack. -

Unable to find anything in the
message issued in response to
the PLP spokesman's publicly
reported untruth that a for-
mal letter of protest had been
delivered to ZNS on Thurs-
day, February 21, Mr. Coleby
resorted to attacking me
instead.

In fact, the said letter was
only hand delivered to the
eo by Ms. Paulette
Zonicle February 28, a full
week after the spokesman
claimed it had been delivered.

I wish to note, before con-
tinuing with my response to
Mr. Coleby, that I hold the
highest regard for Mrs. Cyn-
thia Pratt who I have known
the better part of 60 years and
who I consider to be a per-
sonal friend.

We both grew up in the
environs of the Southern
Recreation Ground.

Her husband, Joe, and I
worked together. We played
softball together.

Returning to Mr. Coleby,
I believe the need to have
stressed a requirement for
“things to be done in good
order” to be a mandate of
ZNS will be more evident in
short order.

The task which the Gov-
ernment has assigned to the
present board to transform
ZNS from a state broadcaster
into a public service broad-
caster (Mr. Coleby may not
appreciate the distinction)
would be daunting at the best
of times.

LETTERS

letters@triounemedia.net



Given the fact that audited
financial statements were not
prepared for the Corporation
during the most recent five
year period makes the task
that much more challenging.

Audit of the 2002 accounts, :.

the last set of audited finan-
cials for ZNS, was completed
early in 2003.

No accounts have been
audited since.

In fact, accounts for 2003
and succeeding years are only
now being put into order to
facilitate auditing.

A rather ambitious goal of
putting five years of accounts

’ in order for auditing within 18

months of the board's
appointment has been estab-
lished.

Sums owing the Corpora-
tion, inclusive of sums due
from political parties as put
into the public domain by oth-
ers, exceed $2,000,000.

Lack of fiscal prudence dur-
ing the past five years may
well mean that a significant

shown on the Corporation's
books will prove impossible
to collect.

Notwithstanding the fore-
going, recognizing the drain
ZNS has been on the public
purse, Prime Minister Ingra-
ham now requires the board
to fashion its suit from a rather
tiny piece of cloth.

I am confident that the
members who serve on the
board with me are fully up to
the challenge.

The task will be made much
easier if those who owe the
Corporation significant sums
settle their accounts.

We will not allow state-
ments by those who seek to .
pursue a political agenda to
deter us from pursuing our
mandate.

If, in the process of respond-
ing to critics, statements of fact
are seen as being political, that
is regrettable.

I suppose the truth hurts.

Michael R. Moss

Chairman,

Broadcasting Corporation
of the Bahamas

Freeport,

March 3, 2008

Some ideas for
preventing crime

EDITOR, The Tribune.

AS A frequent visitor to your country, I would like to express
some solution-oriented ideas on crime prevention. Crime is

high in the USA.

Even if you are a loner, you can make a difference by moni-
toring and reporting criminal activities to the police, looking out
for children going to school, being a look out for your neigh-
bours’ homes, community safety patrols and positive spiritual

thoughts.

I have personally used these methods and welcome any addi-

tional suggestions.

MARTIN
DANDRIDGE
February, 2008.

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eS §

THE TRIBUNE



In ,

Off-duty
paramedic

is slain when
gunman opens
fire at Florida
Wendy's

@ WEST PALM BEACH, Fla.

PARAMEDIC _ Rafael
Vazquez left a training course
on how to help when several
people are hurt at one time, and
went to lunch at a nearby
Wendy’s. He became exactly
the kind of victim he was being
trained to save.

As Vazquez stood at the
counter wailing to exchange a
promotional toy for his child,
he was shot point blank in the
back by a gunman wearing a
jacket, tie and baseball cap,
according to Associated Press. :

Vazquez died. Four others’ :
were wounded during the lunch
hour rampage Monday, and the
60-year-old gunman — Alburn
Edward Blake of West Palm
Beach — committed suicide.

Investigators were still unsure
why Blake, a handyman and
maintenance worker, chose the
crowded restaurant, or why he
staged the seemingly random
attack.

“This was not a robbery. He
didn’t demand anything,” said
Paul Miller, a Palm Beach
County sheriff's spokesman.
“Looks like this was just anoth-
er random shooting like we’ve
seen around the United States.”

Miller said Blake had no rela-
tion to anyone at the restaurant
and no suicide note was found.
“We don’t know why he picked :
this location to do this horrible;
deed,” Miller said. oe

Blake’s daughter declined to
comment when reached by
phone Tuesday at the home of
his estranged wife, Deborah.
No one answered the door at
their apartment.

Vazquez, the slain off-duty
firefighter, “probably didn’t
even see” Blake coming, said
Palm Beach County Fire-Res-
cue Deputy Chief Steve Delai.
Vazquez’s wife and child were
outside in the parking lot.

Vazquez, 42, who had been
promoted to lieutenant in Jan-
uary, was on a lunch break
Monday and had been attend-
ing a course called “Strategy
and Tactics.” Delai said the
course teaches officers how to
“manage large-scale incidents
like we had today.”

Witnesses said Blake entered
the restaurant and went to a
restroom. He appeared nervous
when he emerged and killed
Vazquez. He died at the scene
without ever uttering a word.

The injured — Louis Rader,
65; his wife, Antonia, 62; Vanes-
sa Soto, 16; and Carl Michalek,
43, of Killeen, Texas — were
hospitalized in stable condition,
Miller said. Two others suffered
minor injuries.

Bob Bertini, a Wendy’s Inc.
spokesman based in Dublin,
Ohio, called the shooting “a
senseless tragedy.” i

The mayhem unfolded ona =:
major suburban road lined with
strip malls, car dealerships and
fast food restaurants, about five
miles from downtown West
Palm Beach.

Josh Maynard, 30, said he
and his 20-year-old brother Jer-
ry hit the floor when Blake
opened fire. Jerry Maynard said
the shooter held his gun side-
ways, repeatedly pulling the
trigger, and said nothing.

He emptied at least one clip
before shooting himself in the
head.

“T just saw a lady with a little
boy in her arms come running
out screaming ’Somebody’s
shooting!” said Sandra Jack-
son, 43, of Palm Springs, who
had been getting gas across the
street.

Authorities called one cus-
tomer a hero for kicking the
gunman’s pistol away after he’d
shot himself and then starting
first aid on the wounded.

Neighbors described Blake
as a quiet man who “kept to
himself.” Public records show
that Blake owned. a mainte-
nance and’handyman company



- until 2003. The Palm Beach

Post reported in 1996 that he
accidentally ran over an 18-
month-old girl with his van,
seriously injuring her.

Michele Grippe watched
police search Blake’s apartment
after the shooting. “The only
thing they took out of the house
was a bag of pills,” Grippe said.

Vazquez’s wife was a law
enforcement officer, a corporal
at the nearby Palm Springs
Public Safety Department. The
couple had one child together
and four from previous rela-
tionships.

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LOCAL NEWS

WEDNESDAY, MARCH 5, 2008, PAGE 5

CARICOM leaders look at furthering



development in the Caribbean

m@ By LINDSAY
THOMPSON

THE rising cost of living,
external trade negotiations,
and security issues are high
on the agenda of Caribbean
leaders as they meet in the
Bahamas to discuss the way
forward for the region.

The issues will be dis-
cussed at three high-level
meetings of the Caribbean
Community (CARICOM) -
the Council for Trade and
Economic Development
(COTED), the Council for
Finance and Planning, and
the 19th Inter-Sessional
Meeting of the Conference
of Heads of Government of
the Caribbean Community.

Items on the week’s agen-

da were discussed with. the .

media during a press con-
ference attended by Secre-
tary General of CARICOM

Dr Edwin Carrington;
Ambassador Irwin
Larocque, assistant secre-
tary general for trade and
economic’ integration,
CARICOM Secretariat; and
Dr Maurice Odle, economic
advisor to the secretary gen-
eral, CARICOM Secretari-
at on Monday.

The two main issues for
COTED are the rising cost
of living in the region, par-
ticularly as it relates to
“food basket items” and
how to provide relief by
reducing import duties.

Other issues being dis-
cussed are the status of

external trade negations -

including the establishment
of an Economic Partnership
Agreement (EPA) with the
European Commission, on
December 16, 2007.
“COTED ministers man-
dated that we need to take a

Bahamian student set to
chair planning committee
for event at Princeton

BAHAMIAN Student Adri-
an Archer has been selected to
chair the planning committee
for the 2008 commencement
exercises to be held this spring
at Princeton University.

Mr Archer is in his final
semester as a student of Sacred
Music and Liturgy at West-
minster Choir College, Prince-
ton, New Jersey.

“Adrian was one of four stu-
dent representatives selected
from the undergraduate and
graduate class to join the com-
mittee which includes the direc-
tor of choral activities and the
Deans of the college ,” said
Benjamin Bouton, president of
the 2008 class: “He was the nat-
ural selection to chair the com-



review of the region’s
approach we used in prepar-
ing for negotiations and to
project for the future the
lessons that we would have
learnt of how to undertake
our future negotiations,”
Ambassador Larocque said.
“We are not doing a review
of the EPA itself, but more
of the process of negotia-
tions.”

The main issues for dis-
cussion at the COFAP level
is the operation and financ-
ing of the Caricom Single
Market and Economy, and
various specific issues as it
relates to economic devel-
opment in the region.

“With respect to the
CARICOM Single Market
and Economy, one aspect
relates to our development
of a strategic plan for the
regional development,” Dr
Odle said. “We actually for-
mulated a single develop-
ment vision for the
Caribbean region, which is
an expression of the single
economy process. We are
also in the process of devel-
oping a strategic plan which
is based on the results of the
single development vision.”

Another issue on the
agenda is the interconnec-
tivity of the stock exchange
system in the region, he
said.

“Capital market integra-
tion is an important: policy
objective and we have been
struggling for some years to
develop a single stock
exchange system,” Dr Odle
said.

There are two sub- -region-
al stock exchanges — one
involving: Barbados,
Trinidad and Tobago; and
Jamaica and the other, the
Organisation of Eastern
Caribbean States (OECS).

“The other stock

..exchanges of the Bahamas,

Guyana, and Suriname

’ would have to make a deci-

mittee because of his wealth of knowledge i in the music, his style and... >.
we believe he can be trusted to guide the process in the right
direction while dealing with the various personalities that make t up

the group.”

“I’m excited and a little nervous about this opportunity,”

said Mr

Archer. “Commencement at our university is steeped in a tradition
of excellence, and music thai is well planned, rehearsed and exe-
cuted to the last note. Our duties will include the selection choral
anthems, hymns, readings, music for the brass and orchestra, and

speakers.

“It is a nerve-wracking task to follow up on the years gone

before,” he said.

“Adrian has really excelled as a member of the Westminster
and Princeton community,” said Joe Miller, director of choral
activities at Westminster. “He has led the tenor section in our
debut at the 2007 opening night at .Carnegie Hall when we per-
formed Beethoven’s Ninth Symphony with the New York Phil-
harmonic as well as Mahler 2nd (The Resurrection Symphony) with
the Lucerne and Cleveland Orchestras. Now he is serving an
internship with the New York Philharmonic and the New York
Choral Society and will soon be staging Beethoven’s “Mass in C”

under his baton.”

Mr Archer, a scholarship student of the scared music department, '

has led department-wide lab and chapel services on both the
Princeton and Lawrenceville campus.

He has served as assistant editor of the Westminster Journal, asso-

ciate conductor of the Westminster Glee Club, founding presi-
dent of RUCAST, the campus arts management organisation and
is a member of music fraternity Phi Mu Alpha Sinfonia.

Mr Archer also serves as associate conductor and tenor section
leader at All Saints Episcopal Church, Princeton and recently led
the All Saints choir on a music exchange with the choir at his
home parish of St George’s in Nassau. That exchange will take place
again this year when members of St George’s, as well as the Archer
family members, travel to Princeton for Adrian’s voice recital and
commencement. “I think that’s what, 1 am more nervous about
than anything else,” said Archer. I’ve never given a solo recital of
any kind so to do it the evening before commencement with my
family and friends present is a real scary thing.”

The Commencement exercises take place in the grandeur of
the Princeton University Chapel on May 10 at 10.30am.

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sion as to which grouping
they would attach them-
selves to,” Dr Odle said.
Talks will also centre on
the development of a
Tourism Investment Fund,
and a Caribbean Catastro-
phe Risk Insurance Facili-

ty.

Council for Economic Trade
and Development meeting

At the end of COTED
and COFAP meetings, a
document will be presented
at the 19th Inter-Sessional
Meeting of the Conference
of Heads of Government of
the Caribbean Community
for discussion on March 7
and 8.




Patrick Hanna/BIS

DR EDWIN CARRINGTON, Secretary General of the Caribbean Commu-
nity (CARICOM) and Ambassador Irwin Larocque, assistant secretary
general for Trade and Economic Integration, CARICOM Secretariat, at
the Council for Economic Trade and Development meeting on Monday
at the Sheraton Cable Beach Resort.



DELEGATES from thé'Caribbean Com UBY attend the.Council for
Economic Trade and Development meeting.



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PAGE 6, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE











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



entrepreneurs to optimistically

contribution to our society.

326-4234

Qo




G








iTS AGS




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}

BISHOP AMOS CARTY, SR.
of 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
with the Bahama Brass Band, the Youth
3:ass Band, the Junior Brass Band, and the
Crusaders Brass Band from the Church of
God
LOG ON TO:

www.cogopbahamas.org

FOR LIVE WEBCAST EVENING SESSIONS

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An “eagle eye” on the appropriate and
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“March 9-16, 2008 - East Street Tabernacle

“WALK WITH GOD”





@ By DENISE MAYCOCK
Tribune Freeport

Reporter
dmaycock@tribunemedia.net

FREEPORT - The Min-
istry of Tourism is launching
its ‘Konch and Kalik’ pro-
gramme for college students
on spring break in Grand
Bahama.

Ministry of Tourism (MOT)
representative Omar Isaacs,
marketing officer for sports
tourism and special events,
announced that the spring
break 2008 has begun, with
some 300 students expected.







alone.
He said that the Ministry of



i




























Micah 6:8

Monday, March 10th, 2008

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



Sunday, March 16th, 2008

Annual Parade & Water Baptismal Service at
the Western Espianade, follawed by live
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

on the island during this week |



Tourism Ministry
‘Konch and Kalik

Scheme targets college students in Grand Bahama

Tourism has partnered Stu-
dentCity.com, Burns House
and the Royal Bahamas Police
to ensure that spring break-
ers have a fun and safe expe-
rience while on Grand

Bahama.

The second annual ‘Konch
and Kalik’ spring break pro-
gramme will be held at the
Xanadu Beach grounds on
March 5, 10, 14, and 18.

A number of activities are
planned for students between
noon and 4pm.

Mr Isaacs said that a vari-
ety of conch dishes will be on
offer, as well as Kalik beer and
Kalik souvenirs.

Although the month of

March is usually a slow period
‘for tourism, Mr Isaacs said

that spring breakers are
important because they are
considered “investment visi-
tors” who are expected to
return to Freeport after com-
pleting college to get married
and/or spend their honey-
moon.

He noted that the Ministry
of Tourism has enjoyed a very
successful partnership with
StudentCity.com, which has
been providing Grand
Bahama with the bulk of its
spring break visitors for the




Derek Smith/BIS

launches spring

past few years.

He said that the Konch and
Kalik programme was intro-
duced last year. Due to its suc-
cess, it is being offered by Stu-

dentcity.com as part of their .

spring break package to
Freeport. —-

Mr Isaacs reported that by
week two, the number of
spring break visitors should
increase to 600.

“Tt will drop back down to
300 during, the third week, but
during the last week of the
events we are projecting
between 650 and 700 students
at Xanadu Beach,” he said.

Burns House executive
Clement Knowles said that the
company is again pleased to
be a partner of the Ministry
of Tourism this year.

He stated that in addition
to Kalik Beer, souvenirs such
as Kalik cowbells, shakers, T-
shirts and cups will be avail-
able for students.

Mr Knowles stressed that
Burns House will also assist
in ensuring that students have
a fun time, and that everyone

drinks responsibly.

“We are again very pleased
to be a part of this event to
promote spring break on
Grand Bahama. Kalik, being

’ programme



“We are again
very pleased to
be a part of this
event to promote
spring break on
Grand Bahama.
Kalik, being the
original
Bahamian beer,
continues its
assistance in
promoting

everything

Bahamian and is
expecting a very
successful spring
break.”



Clement Knowles

the original Bahamian beer,
continues its assistance in pro-
moting everything Bahamian
and is expecting a very suc-
cessful spring break,” he said

Grand Bahama Chamber of Commerce
seeks closer ties with the government







COURTESY CALL: Pictured from left are: Mr W Greg Langstaff, GB Chamber 1st vice president; Senator Smith;
Mr Gregory Moss, president; and Mrs Mercynth Ferguson, executive director of the GB Chamber of Com-
merce.

@ By Simon Lewis

FREEPORT — The Grand
Bahama Chamber of Com-
merce is seeking to establish a
closer working relationship
with the government.

To this end, Chamber exec-
utives yesterday paid a cour-
tesy call on Parliamentary Sec-
retary in the Office of the
Prime Minister Senator
Katherine Smith.

Senator Smith met with
Chamber president Gregory
Moss; first vice president W
Greg Langstaff and executive
director Mercynth Ferguson.

She and the executives dis-
cussed a number of matters,



including the Hawksbill Creek
Agreement.

Mr Moss said the Chamber
was grateful for the mecting
and the opportunity to con-
firm and reiterate the desire
of Chamber of Commerce to
have a very constructive work-
ing relationship with the gov-
ernment on mutual interests
in Grand Bahama.

He affirmed that the Cham-
ber stands ready to “construc-
tively participate in develop-
mental processes on Grand
Bahama.”

The Chamber, he'noted, is
encouraged by the develop-
ments it sees happening in



Vandyke Hepburn/BIS



Freeport and pledges its sup-
port in partnering with the
government to do whatever it
can to foster development.
Senator Smith agreed that
it is important for the Cham-
ber and the government to
have this kind of relationship,
and to be able to work togeth-
er to determine positive
achievements that can be
realised for Grand Bahama.
She expressed hope that the
Chamber will look into
increasing its number of mem-
bers from the business sector
in east and west Grand
Bahama. Mr Moss said such
efforts have already begun.



THE TRIBUNE

loss from
RBG teal

PORT of Spin,

Trinidad — anRoyal
Bank of Canza con-
firmed todayaat no
employee wilose their
job as a resu of the pro-
posed amalanation of
RBYT and.BC’s
Caribbean perations.

Executiss from both
organisatias gave assur-
ances to t's effect during
a joint nes conference at
the Hilto Trinidad and
Conferere Centre, where
they proaded an update
on the poposed transac-
tion.

“J wald like to reaffirm
what w said back in
Octobc: No one will lose
his or er job as a result of
this aquisition,” said
Peter\rmenio, RBC head
of Usand international
banlag. “Without a
doul this transaction is
abol expansion and
groth.”

IBC’s Head of
Cabbean banking Ross
MoOonald said the amal-
garation fits well with
RC’s Caribbean growth
sfategy. “During the last
to years our staff com-
yement in the Caribbean
hs grown by approxi-
yately 15 per cent,” he
cid.

The board of RBTT
Fnancial Holdings Ltd
hs unanimously recom-
rended the deal, and
IBTT shareholders will
zeet on March 26 to vote

‘ait.

RBTT Group chairman,

eter July said, “The com-
ination of RBTT and
{BC operations in the
Saribbean represents a
omplementary and excel-
ent fit, and will be mutual-
y beneficial to both com-
yanies. It will create an
extensive Caribbean bank-
ing network with assets of
$13.7 billionsand a pres-
ence in 18 countries, span-
ning the region from the
Bahamas in the North to
Suriname in the South.”

RBC’s Caribbean oper-

- ations will ultimately be
headquartered in Port of
Spain, from where further
expansion within the
Caribbean Basin will take
place. “The relative size of
RBTT, and its local mar-
ket leadership, knowledge
and insight are critical
components of this deci-
sion,” said Mr Armenio.

With 130 branch offices,
the new group will serve
more than 1.6 million
clients through close to
7,000 employees.

Following the integra-
tion of the two businesses,

Suresh Sookoo, RBTT
group CEO, will become
CEO of RBC’s Caribbean
operations.

“The RBC Caribbean
management team is look-
ing forward to working
together with Suresh and
his team to build an organ-
isation that is greater than
the sum of its parts,” said
Mr Armenio.

Mr Sookoo closed the
news conference, saying
“Through this amalgama-
tion with RBC, we believe
we will build a Caribbean
Jeader, based here in
Trinidad and Tobago, that
will have unlimited poten-

_tial for growth.”

Share
your

mews

The Tribune wants to hear

from people who are
making news in their

j neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning

| for improvements in the
area or have won an
y award.
If so, call us on 322-1986
ane share your StOrY.



LOCAL NEWS

WEDNESDAY, MARCH 5, 2008, PAGE 7

New radar technology and deep



harbour proposed for HMBS Inagua

ml By MATT MAURA /

THE government says it is
reviewing proposals for the
deployment of radar technol-
ogy in an effort to improve
the country’s coastal surveil-
lance capacity, particularly in
the southern-most islands.

On Sunday, Minister of
National Security Tommy
Turnquest announced that
plans “are in hand” to dredge
the harbour in Inagua and
make improvements to the
onshore facilities at HMBS
Mathew Town, designed to
make the base “fully opera-
tional and effective.”

Addressing the annual Roy-
al Bahamas Defence Force
Church Service, this year com-
memorating the force’s 28th
anniversary, Mr Turnquest
said the measures are part of
government’s strategic deci-
sion to decentralise the
Defence Force from New
Providence. He said the
force’s law enforcement capa-
bilities will be enhanced
throughout the Bahamas
through the establishment of a
series of bases in the south-
ern, central and northern
Bahamas.

“That decentralisation
began several weeks ago with
the commissioning of two, 27-
foot vessels,” Mr Turnquest
said. “The vessels at HMBS
Inagua are part of the gov-
ernment’s phased sea and air
assets acquisition for the
Defence Force. To this will be
added four interceptor craft



Tommy Turnquest

to be donated by the govern-
ment of the United States of
America under the Enduring
Friendship Programme.”

Mr Turnquest said the force
has developed into a “decid-
edly different” one since its

inception in 1980; a develop-
ment that has been charac-
terised by continuity on the
one hand and significant
change on the other.

That change, he said, has
had to take place as a result of
“significant changes” in the
context in which the Defence
Force carries out its mandate
to protect the sovereignty and
territorial integrity of the
Bahamas, and enforce the
country’s maritime laws.

“The challenges of illegal
migration, illicit drug traffick-
ing and poaching now joined

Balmy winter breaks
records in Europe’s north

lM STOCKHOLM, Sweden

ICEBREAKERS sit idle in ports. Insects crawl out of forest hide-
outs. Daffodils sprout up from green lawns, according to Associated

Press.

Winter ended before it started i in Europe’s north, where record-
high temperatures have people wondering whether it’s a fluke or an

ominous sign of a warming world.
‘recorded, said John Ekwall of the

“It’s the warmest winter ever’

Swedish Meteorological and Hydrological Institute.
In December, January and February, the average temperature in
Stockholm was 36 degrees — the highest on record since record-keep-

ing began in 1756.

Record winter highs were set at 12 other locations across the
country, according to the national weather service, SMHI.
Across the Baltic Sea, Latvia and most of Finland reported the

warmest winter since 1925.

Latvia saw an average temperature of about 33 degrees, nine
degrees above normal, according to the national meteorological

agency.

Southern Finland had only 20 days of snow, compared to 70 days

ie normally, while neighboring Estonia had to cancel a popular cross-

country ski marathon in the southern city of Tartu in early February.
“T don’t remember winter like this. We had almost no snow at all

in February,” s

said Merike Merilain, chief weather forecaster at

Estonia’s meteorological institute, EMHI.

“It’s been emotionally very stressful, especially to many older
people, that it’s dark and rainy all the time,” she added.

In Norway, the average temperature in February was the second
highest on record, 8 degrees above normal.

Experts are careful not to blame global warming, noting that a
warm winter could be followed by a cold one.

The Finnish Meteorological Institute said the mild winter partly

resulted from strong southerly and westerly air currents caused by

exceptionally warm surface temperatures of the Atlantic.
Nevertheless, the higher temperatures have only fueled concern
that greenhouse gasses are changing the climate, especially in the sen-

STER

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by an equally dangerous trade
in illegal weapons, is increas-
ingly determining the orien-
tation of the Defence Force,”
Mr Turnquest said.

“We also look to the
Defence Force to meet critical
national demands in disasters
and emergencies. Increasingly,
the Royal Bahamas Defence
Force is co-operating with the
Royal Bahamas Police Force
and the Department of Immi-
gration over a broad range of
issues, including illegal immi-
gration and public distur-
bances. The force must now
be viewed as a seagoing,
Bahamas-wide agency,” Mr
Turnquest added.

Mr Turnquest said the gov-
ernment is committed to
ensuring that the force is prop-

erly prepared to meet its
responsibilities in the
Bahamas, the region and
internationally. He said what
is required of the members of
the RBDF is “unequivocal
support of and commitment
to” the strategies being put in
place to protect the country.

“We need you to serve at
our Family Island bases. We
need you to go to sea. We
need you to be ready to par-
ticipate in operations through-
out our archipelago,” Mr
Turnquest said.

The national security minis-
ter said he is “confident” that
the men and women of the
force will heed his call.

“T am confident too, that
you will fully support a strong,
unified and participatory

Force in which the command

‘structure moves from the

senior levels down and one
where good ideas, views and
opinions move from top down
and bottom up,” Mr Turn-
quest said.

“The Royal Bahamas
Defence Force has accom-
plished much over the past 28
years through determination,
hard work and sacrifice and
through the support of fami-
lies.

“As minister of national
security, you can count on my
full co-operation and support
in your continued initiatives
and work to make the Royal
Bahamas Defence Force the
most effective and efficient
institution that it can be,” Mr
Turnquest said.

ateeeeceeesseceeaeeescesesere Nececcececcccecccceceececcecenceaeeseseeseetessesesseseeeseneesensnseeseseeseseesseseseee nse neneseseneeseeseensene esses ses es eases ese senseeseaseserarsnansercsane reese reyesaes

African American Health Institute
_Pays courtesy call on minister





Tim Aylen/BIS



MINISTER OF National Security Tommy Turnquest, front right, sits with members of the African
American Health Institute as they paid a courtesy call on the Ministry of National Security yesterday.







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PAGE 8, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



HANDLED PROPERLY, PRIVATISATION HAS WORKED WELL IN THEWORLD

Wanted: Great moderniser

ISTENING to
political leaders
and _ financial
experts these
days can give you a creepy
feeling. That's because they
all give the impression that we
are in for a serious economic
crunch — when the chips will
be down and the chickens
finally come home to roost.

Inter-American Develop-
ment Bank Chief Luis Alber-
to Moreno says regional
economies have under-invest-
ed in infrastructure for years,
curbing economic growth in
the process.

To catch up, we will have to
more than double our spend-
ing on capital works, and keep
spending at that level for a
long, long time.

"(Caribbean states) need
to spend between 4 and 7 per
cent of GDP per year for the
next two decades in order to
have high-quality infrastruc-
ture that can become the
backbone of development,"
Moreno said, in his economic
outlook for 2008. That trans-
lates into hundreds of millions
a year for us.

Of course, the IDB is in the
business of financing infra-
structure — they loaned out
almost $10 billion to regional
governments and businesses
last year alone — so maybe
we should expect Moreno to
be saying that. But he is not
alone.

With the Bahamas current-
ly unable to withstand a major
economic downturn, Colina
Financial Advisors says our
leaders must take some bold
and difficult decisions in terms
of governance, education
reform, economic restructur-
ing and infrastructural
improvement.

And at a recent eouiterence:
KPMG managing partner’,
Simon Townend echoed the
call for structural reform, say-
ing we have to invest at least
$2 billion in transport, health,
education and other sectors
to remain competitive.

Both Colina and KPMG
argued that the Bahamas
should develop a national
business plan with an agreed
vision and aggressive targets.

Infrastructure plays a criti-
cal role in every aspect of
development.

It dictates how we move the
people and goods that help
keep an economy alive.

And most would agree that
we need to invest much more
than the $225 million allocated
this year on infrastructure pro-
jects.

The big ticket items include
$500 million for airports; $200
million for roads; $200 million
for ports; $500 million for



















b\ } Bank

Financing
Available
on the
Spot







TOUGH CALL

LARRY SMITH





“... our most fundamental
long-term challenge is not a
broken economy, but a broken
society — arguably the
consequence of years of failed
state planning and the denial

of social responsibility.”



schools and hospitals; and
multiple millions more for
harbour improvements, new
power plants, fresh water sup-
ply and sewerage treatment.
But without a strategic plan
there is a danger that we may
invest in the infrastructure we
have instead of the infrastruc-
ture we will need. And at the
end of the day that means we
may not get the anticipated
payoff.

In the Bahamas, public
funding of infrastructure has
been severely constrained by
the fact that the country has
few taxes and a huge national
debt, running at 38 per cent
of Gross Domestic Product in
2006. Our total GDP today is
about $6 billion — that's the
market value of everything we

. produce in a year.

Imperatives

Just to reach the per capita

mg ing ome enjoyed by the Cay-

an’ Islands right now
($40,000), we need to grow
our economy by 10 per cent
annually for the next eight
years — as Cuba is doing.

But this is an impossible
task unless we modernise the
way the country operates and
invest heavily in strategic
imperatives.

It is a vicious circle.
Tourism accounts for two
thirds of our economy, and it
is weakening. as we speak.
Growth rates for tourist
arrivals over the last five years
show the Bahamas at the bot-
tom of a list that includes
Florida, the Dominican
Republic, Cuba, Barbados and
Jamaica.

‘We had 13,000 hotel rooms
in 1983, and we have only
15,000 today — a quarter cen-
tury later.

One reason for this relative

Insurance

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decline is not enough invest-
ment in infrastructure.

In his mid-term budget,
Prime Minister Hubert Ingra-
ham said he was working to
eliminate the recurrent deficit
— the government's operat-
ing expenses — in order to
bring the national debt down a
couple of notches to under 35
per cent of GDP.

"We recognize this as an
essential requirement in pre-
serving the competitiveness
and economic viability of our
country," the prime minister
said.

"A country with a high lev-
el of government debt has
very little room to manoeu-
vre if the economic environ-
ment deteriorates and rev-
enues fall.

“This is because the gov-
ernment has either to reduce
expenditure on vital services
or raise additional taxation
because borrowing is not
available."

Mr Ingraham shuffled some
money around to beef up
spending on tourism, housing,
medical supplies, schools, the
police and public corporations.
Almost half of this extra

‘spending will go towards

shoring up "deficit-generating
public sector entities...(mean-
ing) that many priority pro-
jects may be denied resources
because additional funds must
be advanced to the loss-mak-
ing entities.

“This is an unsustainable sit-
uation which must be
addressed."

He added that cash-guz-
zling state companies like the
Broadcasting Corporation,
Bahamasair and Water &
Sewerage would have to cut
back because no more mon-
ey would be allocated for
recurrent expenditure — only
for necessary capital works.



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“At least 20 per cent of the
monies borrowed by the gov-
ernment under the disguise of
capital expenditure will con-
tinue to be transferred. and
pumped into these entities to
pay operational expenses,
such as salaries, office sup-
plies, gasoline, and whatever.
And then we burden the tax-
payers of the Bahamas for 20-
30 years to pay that money
back."

And that is the nub of this
whole issue.

The country has a serious
infrastructure deficit — large
backlogs of needed work on
existing systems, together with
new demands that go unmet.

Meanwhile, scarce public
funds are being poured into
dysfunctional state corpora-
tions that provide very little
public value.

There are really only three
options here. Business as usu-
al — continuing to waste our
tax dollars on non-essential
goods.

Drastic cutbacks in services
and manpower to realistic
spending levels.

Or gaining value by selling
off non-performing state
assets.

This is something that has

been talked about at length

but rarely achieved in the
Bahamas.

Worldwide, the results of
privatisation have not always
been good.

In Russia, for example, the
collapse of the Soviet Union
led to a scramble for wealth
and power.

The greed of the so-called
oligarchs discredited the free
market and paved the way for
the ex-KGB agent Validimir
Putin, who restored statism
and curbed the push towards
political freedom.

But where it has been han-
dled properly, privatisation
has worked well.

In the United States, local
governments have cut spend-
ing by up to 40 per cent, often
with big improvements in effi-
ciency.

Privateer
The most common

approach is to contract out
public services to private
firms.

Another way is commer-
cialisation — where the gov-
ernment simply decides to
stop providing a service — like
garbage collection. Citizens
themselves then contract pri-
vate providers.

State assets can also be giv-
en away or sold to a private
entity.

Or vouchers can be issued
for redemption in the market-
place, giving recipients choic-
es where they had none

_,before.

Or state-owned companies
can be sold through public
stock offerings.

Perhaps the best-known
privateer was former British

prime minister Margaret |

Thatcher, who overturned
decades of state control, sell-
ing off major airports, more
than a million public houses
(the live-in kind), and all the



large utilities — and in the
process taking Britain from
19th to second in the OECD
economic rankings.

As an old socialist, I have a
genuine appreciation of what
Thatcher did for Britain.

And it led the old socialist
British Labour Party to aban-
don its religious commitment
to public ownership — a com-
mitment that the political
elites of former British
colonies like the Bahamas still
share.

Recently, economist Larry
Reed, president of the Mack-
inaw Centre for Public Policy
in Michigan gave a lecture
hosted by the Nassau institute.

He pointed out that befores 3g 5

j 3 Bat bao

Thatcher began her revolu-
tion, "the bitter harvest of
statism was everywhere appar-
ent: in bloated bureaucracies,
in crushing tax burdens, and in
frightening burdens of debts
and deficits."

We haven't got to the point
of crushing taxation yet, but
if you read between the lines
of the prime minister's mid-
term budget address we may
soon have to face some hard
decisions.

Electricity and water rates
increases are believed to be
on their way, and there have
been calls for an income tax as
well as more payroll taxes.

In the meantime, govern-
ment planners are still happi-
ly investing in infrastructure
that was designed a century
ago: some of it is based on
ideas that go back to the
Roman Empire.

For example, more conven-
tional oil-fired power plants
are on the way for Nassau,
Abaco and Eleuthera at great
cost.

Yet such systems were
designed for a world without

.climate change or resource

scarcity.

These plants are out-dated
and out of touch with the real-
ities of our century.

And the likelihood is that
in 10 to 20 years we won't be

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“Perlnps the
best-kmwn
privater was
former british

prime ninister

Margare.
Thatchet-;who
overturnd
decades G state
control, sdling
off major
airports, nore
than a millon
public houes
(the live-in
kind), and al
the large
utilities...”



able to afford to buy le oil
to run them.

Unlike Marxism, wich
proved to be unworkableime .
and again in the 20th catu-
ry, the free market is grond-
ed in profound truths abut
the nature of human beigs,
The evidence is right beore
our eyes in the Bahamas.

As Larry Reed said; Tie
up the performance of a isk
with red tape, bureaucicy
and politics, within a sys:m
that is guaranteed to eist
regardless of outcomes, ad
the result is usually medic-
rity at great expense."

Leadership

So here's a quick test br
you. 4

Name one state enterprie
in the Bahamas that opevats
at a level similar to privae
enterprise.

And then consider tht
those same state entities cor
sume almost one and a haf
billion dollars a year.

Changing the way we thin.
and behave in these matter
requires strong leadership an
political conviction.

And our most fundamenta
long-term challenge is not a
broken economy, but a bro-
ken society — arguably the
consequence of years of failed
state planning and the denia
of social responsibility.

It has led to falling schoo.
standards, a high rate of fam-
ily breakdown, and an endem-
ic crime problem.

What the Bahamas needs
today is a great moderniser
and pragmatist determined to
overturn the conventional wis-
dom which holds that our
decline is irreversible.

What do you think? Send
comments to larry@tribune-
media.net

Or visit www.bahamapun-
dit.com pundit.com/>




















atngs aie ne

THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 9

BAHAMAS ELECTRICITY CORPORATION

P.O. BOX N-7509°
TELEPHONE: 302-1000

DSA
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 og all tenders.
‘ ;

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 Corporation invites tenders from eligible paaee a ina peornion 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. 655/08
“GENERAL INSURANCES — PUBLIC & EMPLOYER’S AND VEHICLES”
The Corporation reserves the right to accept or reject any or all tenders.
EE ee on ee ie en ae

BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
MONEY & FIDELITY

TENDER NO. 656/08

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. 656/08
“GENERAL INSURANCES — MONEY & FIDELITY”

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



ES eA
BAHAMAS ELECTRIC: TY CORPORATION

TENDER FOR THE PROVISIO! °F 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 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. 659/08
“GENERAL INSURANCES — MARINE INSURANCE

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

Barer a RICHY 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 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-: -livered on or before
28 March 2008 by 3:00 p.m nd addressed as follows:

The General Manager
Bahamas Electricity Corporation
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.
FST EST
BAHAMAS ELECTRICITY CORPORATION

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

TENDER NO. 658/08

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. 202-1158
Fax No. 323-6852

Tenders are to be hand- ‘ered 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 re reserves the right t to B sccept or reject, any or all tenders.

ya? Aol aates en



PAGE 10, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



Business owners
warned over

FROM page one

At each business, all of
which operate on an appoint-
ment-basis, the woman went
as far as to book an appoint-
ment before leaving with the
loot. She gave a false name —
Ms Saunders — and a false
phone number. On one occa-
sion she was Wendy, on the
others, Tia and Ethel. Twice
she wore a navy suit, once, a
button down shirt and jeans.
Employees described her as
wearing a "weave" hairstyle
— short on one occasion, and
otherwise, shoulder-length.

Apparently not satisfied
with her takings from the inte-
rior design company, which
included two wallets, an
employee of Green Leaf
Designs told of how she also
received a phone call days fat-
er from a woman pretending
to represent her bank who
asked her to provide the pin
number for her stolen card.
The fraudster claimed she
needed it for security reasons,
in order to “deactivate it.” It
was at this point that the
employee became suspicious
and hung up the phone, later
confirming with the bank that
it was not an official call.

"She said ‘You need to
come in right away’, ” recalled
the employee. “Again she tried
to make me feel: completely

comfortable, she asked all the
right questions, she even said

‘I'm calling about...(giving the -

on

employees account number)’.

On all occasions, the women
was estimated to have spent
between 10 and 20 minutes on
the premises, chatting at length
about various things, ranging
from her or her mother’s med-
ical complaints, to the contents
of the store. On two — at
Green Leaf Designs and the
Chiro Therapy Centre — she
claimed to be a police officer.

Alleging she felt unwell, she
asked to use the bathroom at
the Chiro Therapy Centre, and
also at the Bahamas Foot Cen-
tre.

“In fact, she said that yes-
terday evening when (her
police unit) had to stop a car
during a chase, she had to stop
to be sick,” said a staff mem-
ber at the Chiro Therapy Cen-
tre.

After she entered the bath-.

room at the therapy centre, an
employee reported hearing
noises, as though the woman
was vomitting.

The fraudster then emerged
and’ said she would be back
later to collect and pay for
some medicines owner Dr Ren
Xen, a doctor of Chinese med-
icine, had suggested she try.
She never returned, and about

an hour later the employee dis- .

covered that money had been
removed from her wallet and

an envelope that was in her
bag. It had been located on a
shelf in a room near the bath-
room.

The thief also used the bath-
room tactic at the Bahamas
Foot Centre. Moments after
she had left the building, own-
er Debbie Raine discovered a
purse belonging to one of her
staff members stuffed behind
the toilet — the wallet
nowhere to be found. The
purse had again apparently
been taken from a nearby
office while the woman was in
the "back area" of the estab-
lishment, an employee sug-
gested.

The Green Leaf Designs
staff member said: "She came
in and was looking around.
She kept asking questions,
about fabrics and furnish-
ings...she said she wanted to
make an appointment (with

the interior designer) and I °}

guess while I was writing down
her name she must have
grabbed my wallet from my
purse. I'm assuming that's
when she did it."

One of the businesses
reported having informed the
police of the incident, however
another said that — not know-
ing the extent of the woman’s
activities — she failed to do
so, as she had negative
experiences with police
response to reports of “minor”
incidents.

$4.5m worth of cocaine seized

FROM page one

The targeted container had arrived at the
Container Port around 1 am on Tuesday,, aboard
the MSC Carouge, inbound from Ecquador and
was awaiting trans-shipment to Spain. =

The illegal narcotics, which weighed 150 kilo-
grammes and have an estimated street value of

Features

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$4.5 million, were later taken by an OP-Bat heli-
copter to the Drug Enforcement Unit Head-
quarters in New Providence, for further investi-
gation by local and international officials.

The captain and crew of MSC Carouge, were
interviewed by DEU officers, however, no arrests
were made at this time, said Chief Superinten-
dent:Basil Rahming of Freeport.

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Palestinian
leader rebuffs
female fraudster Rice on request
for quick revival

of peace talks

@ RAMALLAH, West Bank.

THE U.S.-backed Palestinian president
rebuffed the Bush administration’s request Tues-
day to quickly end a walkout of peace talks with
Israel, saying Israeli military bombardment of
civilians in the Gaza Strip is unacceptable under
any circumstance, according to Associated Press.

Secretary of State Condoleezza Rice said
negotiations are the only solution, and defended
Israel’s right to seek out militants who use the
tiny Hamas-held territory as a launching pad
for increasing numbers of rockets targeting civil-
ians in southern Israel.

“I understand the difficulties of the current
moment,” Rice said following meetings with
Palestinian President Mahmoud Abbas. “We all
must keep an eye on what is important.”

She won no public promise that Palestinians
would end their boycott soon. U.S. officials say
they understand his political predicament and
predict talks will resume after a brief lull. Abbas
was not expected to relent before Rice leaves the
Middle East on Wednesday.

“I call on the Israeli government to halt its
aggression so the necessary environment can be
created to make negotiations succeed, for us
and for them, to reach the shores of peace in
2008,” Abbas said. He was referring to the goal
— stated at a U.S.-sponsored Mideast peace
conference in November — of reaching an
Israeli-Palestinian peace treaty by the end of
the year.

“Negotiations are going to have to be able to
withstand the efforts of rejectionists to upset
them, to create chaos and violence, so that peo-
ple react by deciding not to negotiate, “ Rice said
in Egypt at the start of two days of Mideast
meetings overshadowed by the Gaza crisis.
“That’s the game of those who don’t want to

_ see a Palestinian state established.”

Abbas pulled out of negotiations Sunday in
protest over Israel’s weekend sweep, which has
killed more than 120 Palestinians. Abbas has
given no date for returning.

“No one can under any kind of pretext justify
what the Israeli military have conducted over the
past days,” an angry Abbas told reporters, with
Rice at his side.

The best Rice got from Abbas during their
joint public appearance in Ramallah was affir-
mation that his government remains pledged to
the peace path charted by Bush last fall. The
negotiations are supposed to yield a deal out-
lining an independent Palestinian state this year.

The violence transformed Rice’s scheduled

‘Mission to encourage progress in peace talks

that have shown no public sign of breakthrough.
Instead, Rice was just trying to restore the talks.

The Bush administration has staked peace
hopes on Abbas’ West Bank government, freez-
ing out Hamas militants who seized the smaller,
poorer Gaza Strip in June. Hamas is pledged
to Israel’s destruction.

Although Abbas has had little power over the
coastal area of 1.4 million people since Hamas
took over, the high death toll inflamed public

Nas 351) aan ea AU)

opinion in both territories against Israel and
made it difficult for him to continue the talks.

In Washington, President Bush said he
remains optimistic.

With only 10 months left in his presidency,
Bush said Tuesday he still believes there is “plen-
ty of time” to get a Mideast peace deal before his
term ends.

“This is a process that always two steps for-
ward and one step back,” Bush said after meet-
ing at the White House with Jordan’s King
Abdullah II. “We just need to make sure that it’s
just one step back.”

Fighting escalated sharply last week after
Israel mounted an onslaught in northern Gaza to
retaliate for Palestinian rocket fire that reached
closer to Israel’s heartland than ever before.
Israel pulled out its ground forces on Monday,
but has continued air assaults against persistent
Palestinian attacks.

On Tuesday, militants hit a house in the rock-
et-weary town of Sderot, causing no injuries but
extensive damage. Another landed in an open
area.

Israeli forces responded by launching several
air and ground strikes on rocket squads and
Hamas installations Tuesday, killing one militant
and wounding another, Hamas said.

The body of a Palestinian militant was also

_ found near the Gaza-Israel border.

Medics said it was not clear when the man
had been killed. ;

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i



THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 11



TGERSaNn. a ee eae
PEACE IN EUROPE HAS BEEN A GOAL OF US FOREIGN POLICY

‘The case for Kosovo's independence’

HE United

States applauds

the major step

Europe took last
month toward the goal of a
continent whole, free and at
peace. Recognition of
Kosovo's independence frees
both the people who live there
and their neighbours to move
beyond the conflicts of the
1990s and pursue a wider
vision of integration with an
undivided Euro-Atlantic com-
munity. It marks the final
stage of Yugoslavia's slow-
motion break-up.

Peace and prosperity in
Europe has been a funda-
mental goal of President
Bush's foreign policy and of

those who preceded him for -

almost a century.

' From our entry into the
Great War and President
Wilson's 14 points, through
World War II and the Mar-
shall Plan, to support for
NATO and EU enlargement
after the fall of the Berlin
Wall, the United States has
shown its commitment to
European self-determination
and democracy, security and
well-being.

Throughout this period,
Kosovo was an anomaly. The
majority Albanian population
was ruled brutally and unde-
mocratically by a minority of a
different language, religion,
ethnicity, and worldview since
1912.

Beginning in 1989, ethnic
Albanians, who constitute
over 90 per cent of Kosovo's
population, suffered brutal
repression at the hands of the
hard-line Communist regime
of Slobodan Milosevic. They
resisted with non-violence and
dignity, while the rest of the
region burned, and were
answered with still greater
repression and ethnic cleans-
ing by the Milosevic regime.
The extent of the crimes was





OPINION by Ned Siegel,

US Ambassador ©

amply and sickeningly docu-
mented by the UN Tribunal
in the Hague during its pro-
ceedings over many years.
After NATO's intervention
brought a halt to the violence
in 1999, UN Security Council
Resolution 1,244 ended Bel-
grade's rule over Kosovo and
established a temporary UN
administration.

Negotiations

Fe nine years, the peo-
ple of Kosovo waited
patiently for clarity about their

future.
For nearly a hundred years,

‘they have waited for self-

determination. It has been
long enough.
Europe and the US sup-

q he Wedgewood Room Brit i Colonial Hilton

Wines donated exclusively by Burns House

ported negotiations to find a
mutually-acceptable solution
to the problem of Kosovo's
status.

Despite two years of talks
led first by the UN Special
Envoy Martti Ahtisaari and
then by a troika made up of
the EU, Russia, and the Unit-
ed States, the two sides
remained irreconcilable on the
basic question of whether
Kosovo should be indepen-
dent.

Acknowledging this dead-.
lock, Special Envoy Ahtisaari
developed a comprehensive
proposal for Kosovo's status,
including a recommendation
that Kosovo become inde-
pendent subject to a period of
international supervision.

The United States, Europe
and a majority of UN Security

Council members supported
this plan.

We all agreed that indepen-
dence is the only viable out-
come for Kosovo. Due to the
legacy of conflict and mutual
mistrust from the 1990s, and
the bitterness of the legacy
under Serb domination, there
is no way in which the people
of Serbia and Kosovo could
remain in a functional, demo-
cratic state.

The broken pieces of
Yugoslavia simply cannot be
put back together again.

Instead of letting the situa-
tion deteriorate into crisis,
Europe and the United States
decided to act.

We could not let the status _

quo continue — more years of
limbo would have turned
Kosovo into an incubator for
frustrations and instability,
with woeful consequences for
all of Europe and the WAGER
world.

Democracy

W e could not let
Kosovo's uncer-

tain future cloud Kosovo's
economic prospects, further
depriving Kosovo of badly
needed loans from the IMF
and World Bank.

Kosovo is now independent.
The people of Kosovo can
control their own destiny at
long last.

Our task now is to help the
leadership and the people of
Kosovo develop this new state
into a self-sustaining, multi-
ethnic country that is no
longer a ward of the interna-
tional community.

We were deeply impressed
that in their declaration of
independence, Kosovo's lead-
ers committed themselves to
achieve the highest standards
of democracy, including free-
dom and tolerance for citizens
of all ethnic backgrounds.

Under the Patronage

of

Mrs. Shawn Turnquest

ef

Mrs. Shartyn Smith

Proceeds to support: a
_.. The Ranfurly Home for Children |
. The Links Inc. Women’s Safe House
Alp a Phi Alpha Educational Scholarship Fi
2 Art Work By:
Mr. Eddie Minnis

Mr. Stan Burnside
Mr. Antonio Robert



Mr. Chan Pratt
Dr. Desiree Cox,
Mrs. Roshanne Minnis-Eyma
Mr. Ritchie Eyma



“Our task now is to help the
leadership and the people of
Kosovo develop this new state
into a self-sustaining, multi-
ethnic country that is no
longer a ward of the
international community.”



George W. Bush



As President Bush has
remarked, "these are princi-
ples that honour human dig-
nity; they are values America
looks for in a friend."

These are also values the
US sees, and cherishes, in the
Bahamas and so many other
democratic countries which
wisely supported Kosovo’s
path to supervised indepen-
dence.

No country in Europe will
benefit more from Kosovo's
independence than Serbia
itself.

Further anxiety over the
outcome would have contin-
ued Serbia's obsession with
Kosovo and encouraged false
hopes, distracting Serbia's
leaders from addressing the
concerns of their citizens and
Serbia's own European future.

>

Serbia's own people deserve
better, and are actually
demanding it. Much has been
heard of the strong nationalist
impulse and the romantic
attachment that Serbs feel for
Kosovo.

In fact, polls show that more

than 70 per cent of Serbians

want integration with the EU
and cite unemployment as a
greater concern than Kosovo's
fate. Serbia also needs to take
up its rightful place in Europe,
the Transatlantic Communi-
ty, and the world. Europe and
the United States stand ready
to welcome them.

As President Wilson said in
1918, the world must “be
made safe for every peace-lov-
ing nation which, like our own,
wishes to live its own life,
determine its own institutions,
be assured of justice and fair
dealing by the other peoples
of the world as against force
and selfish aggression.”

The great prosperity and
stability that has come to the
other waves of nations that
have joined the community of
democracies and the Euro-
Atlantic community is the
promise that now beckons the
great nations of southeast
Europe.

The tragedy of Yugoslavi-
a's demise is now history.
Together we can move
beyond the legacy of war and
ethnic strife toward a brighter
future for all.





PAGE 12, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



INTERNATIONAL NEWS

VENEZUELA/COLOMBIA

Tensions escalate over rebel killing



Juan Carlos Hernandez/AP Photo

VENEZUELAN soldiers *gathar as Si prepare to board military buses to be transported to the Colombian border area at Fort Paramacay in Valencia, Venezuela yesterday. The Venezuelan military has been tightlipped about
the movement of troops, which Chavez ordered to be carried out immediately on Sunday, including 10 battalions, tanks and a deployment of military aircraft. .

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@ By FRANK BAJAK
BOGOTA, Colombia ~

Hundreds of Venezuelan
troops moved yesterday
towards the border with Colom-
bia, where trade was slowing
amid heightening tension over
Coiombia’s cross-border strike
on a rebel base in Ecuador,
according to the Associated
Press.

The Organization of Ameri-
can States scheduled an emer-
gency afternoon meeting in
Washington to try to calm one
of the region’s worst political
showdowns in years, pitting
U.S.-backed Colombia against
Venezuela’s leftist President
Hugo Chavez and his allies.
Colombian and Ecuadorean
officials, meanwhile, traded
accusations in the United
Nations and the International
Criminal Court.

The escalation of tensions
was triggered over the weekend
when Colombia troops crossed
the border with Ecuador and
killed Raul Reyes, a top com-
mander of the Colombian
FARC rebels who had set up a
camp there.

Chavez, who sympathizes
with the leftist rebels, con-
demned the killing and angrily
ordered about 9,000 soldiers —
10 battalions — to Venezuela’s
border with Colombia. He
warned Colombian President
Alvaro Uribe that any strike on
Venezuelan soil could provoke
a South American war.

Uribe said he has provided
Chavez with precise informa-
tion on the location of rebel
camps in Venezuela. He said
one was home to Ivan Marquez,
another top leader of the Rev-
olutionary Armed Forces of
Colombia, or FARC.

But Uribe said he would not
allow his nation to be drawn
into a conflict with its neigh-
bors.

“Colombia has never been a
country to go to war with its
neighbors,” Uribe said. “We are
not mobilizing troops, nor
advancing toward war with
neighbors.”

President Bush said the Unit-
ed States will stand by Colom-
bia and criticized Venezuela’s
government for making
“provocative maneuvers.”
Colombia has received some $5
billion in U.S. aid to fight drugs
and leftist rebels since 2000.

Retired Venezuelan Gen.
Alberto Muller Rojas, a former
top Chavez aide, told The Asso-
ciated Press the troops were
being sent to the border region



~-Reinalto D'Santiago/AP Photo. -

VENEZUELAN military ride on an armored vehicle as they cross the vil-
lage of Paraguaipoa, Venezuela, about 31 miles from the border with
Colombia Tuesday, March 4, 2008. Hundreds of Venezuelan troops
were deployed along the Colombian border yesterday following orders
tl President Hugo Chavez, who is sending about 9,000 soldiers to .
the frontier. -

as “a preventative measure.”

Soldiers boarded buses and
trucks at the Paramaracay base
in central Venezuela on Tues-
day morning, and battalions
also were moving out from the
northern state of Lara, pro-
Chavez Gov. Luis Reyes said.

The Venezuelan military has
been tightlipped about troop
movements. Venezuela’s armed
forces include about 100,000
troops, Muller Rojas said.
Colombia’s U.S.-equipped and
trained military has more than
twice as many.

Uribe said his government
would ask the International
Criminal Court to try Chavez
for “genocide” for allegedly
financing the FARC, the coun-
try’s main rebel group. He cited
a reference to a $300 million
Venezuelan payment in docu-
ments found in a laptop the

Colombians said belonged to .

Reyes.

Colombia said documents in
Reyes’ laptop also indicate that
Ecuador’ internal security min-
ister.met recently with a FARC
envoy to discuss deepening rela-
tions with Ecuador, and even
replacing military officers who
might oppose that.

Both Venezuela and Ecuador
expelled Colombia’s ambas-
sadors in the wake of the attack
and dismissed the allegations as
lies.

The biggest losers from the
killing of Reyes appeared to be
the hostages that FARC rebels
have held for years, pending a
swap with rebel prisoners.
Along with Reyes, 20 other
rebels were killed in the raid.

Ecuador and France said they
had been communicating with

Reyes, trying to secure a
hostage release.

“T’m sorry to tell you that the
conversations were pretty
advanced to free 12 hostages,”
Ecuador’s leftist president,
Rafael Correa, said in a nation-
ally televised address. “All of
this was frustrated by the war-
mongering, authoritarian
hands” of the Colombian goy-
ernment.

French Foreign Ministry
spokeswoman Pascale
Andreani confirmed that
France was in contact with

Reyes as well, and that “the
’ Colombians were aware of it.” ~~~

Publicly, there had been no
indication of even preliminary
progress in securing the release
of any of the 40 hostages the
FARC wants to swap for hun-
dreds of jailed guerrillas.

Those hostages include three
U.S. military contractors and
former Colombian presidential
candidate Ingrid Betancourt, a
dual French national who has
become a cause celebre in
Europe.

The rebels said in a commu-
nique that Reyes died “com-
pleting a mission to arrange,
through President Chavez, a
méeting with (French) Presi-
dent (Nicolas) Sarkozy” aimed
at securing Betancourt’s release.

Saturday’s raid came on the
heels of the FARC’s release last
week of four hostages to
Venezuelan Justice Minister
Ramon Rodriguez Chacin. The
minister said the raid proved
the “intent of the fascist Colom-
bian government is to hamper
the handover of hostages,
because that is the path of
peace.”

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Ending Film Studios lease to
‘set industry back 50 years’

@ By NEIL HARTNELL
Tribune Business Editor

he Bahamas Film

Studios chairman

yesterday told

The Tribune that

the development
of a film and TV production
industry in the Bahamas would
be “set back for the next 50
years” if the Government
made good on its promise to
terminate the project’s Crown
Land lease.

In response to comments
made by Prime Minister
Hubert Ingraham on Monday
night in relation to the Gov-
ernment’s plan to revoke the
lease, Ross Fuller wrote in an
e-mailed reply to The Tri-
bune’s questions: “I am
unaware of such a position by
the Prime Minister.

“Tf it is so, it will cause an
imbroglio that will set the film
business in the Bahamas and
the future deyelopment of the

@ By NEIL HARTNELL

Tribune Business Editor —

A BAHAMIAN film pro-
ducer/director yesterday told
. The Tribune he is forecasting
he will earn a “high five, or
low six-figures” sum from a
short half-hour movie he made
on a $25,000 budget in 2006,
having obtained licensing deals
for the production in Europe
and with VH1/MTV.
Kareem Mortimer, who pro-
duced and directed the film

r

Chairman warns doing so would land project
in ‘imbroglio’, as PM says government
moving to revoke lease because of default

East End [in Grand Bahama]
back for the next 50 years. I
am hopeful that this will not
happen.”

In reply to a question from
former minister of tourism,
Obie Wilchcombe, regarding
the Bahamas Film Studios, Mr
Ingraham told the House of
Assembly on Monday night:

“The people at Gold Rock .

Creek [the Studios’ immediate
holding company] are in
default on their lease.

“The Government of the
Bahamas intends to terminate
their lease and entertain pro-
posals from others.”

The Government’s plan, if
it follows its intended course
through to fruition, will have

several congequences and
repercussions; some potential-
ly good, some! potentially bad.

Several sources have sug- :

gested that terminating the
lease for the 3,500-acre former
US Air Force Missile Base site
in Grand Bahama could be the
best thing the Government
could do, given the uncertain-
ty over the Bafiamas Film Stu-
dios’ future and doubts about
whether an agreement to pur-
chase the development will
ever succéed/come to fruition.

The Bahamas FilmInvest
International group, put
together by Bahamian banker

Owen Bethel, head of the.
~Montaque Group, have agreed
a dealin priheiple with Mr |

* Mortimer expects ‘high five, low six’
figure returns from MTV, European and US
distribution deals for $25,000 production
* Seeking further $170,000 by May to start
work-on new film, with documentary
also being prepared for release

Float, said the production had
exceeded his expectations “as a
calling card to establish myself
on the international scene”, his

Owner transparency
levels in Bahamas
‘higher than US’

@ By NEIL HARTNELL
Tribune Business Editor

THE United
States should
not force the
Bahamas to
create a single
registry of all
beneficial
owners unless
it is prepared
to adopt the
same mechanism itself, a senior
attorney told The Tribune yes-
terday, as otherwise this
nation's financial industry
would be at a significant com-
petitive disadvantage.

Brian Moree, responding to
the US International Narcotics

Moree



* Attorney says Bahamas
should. not bow to
US beneficial owner
registry demands unless
Washington sets example

* Adds: ‘If it’s something
that should be done in
the Bahamas, it should
be.done everywhere else’

Control Strategy Report,
which demanded that the
Bahamas create a single bene-

SEE page 6B

New telecoms licence
to grow competition -

@ By NEIL HARTNELL
Tribune Business Editor

THE Public Utilities Com-
mission (PUC) yesterday
unveiled plans to deepen lib-
eralisation and competition in
the Bahamian telecommuni-
cations industry, publishing
_ proposals that would allow
new market entrants to offer
fixed-line voice services via the
Bahamas Telecommunications
Company (BTC) and IndiGo
Networks’ systems.

The regulator’s consultation
document on its proposal to
licence a company to ‘resale
voice telecommunications ser-
vices’, said that while BTC
would effectively be mandated
to sell wholesale fixed-line ser-
vices to the new licensee, Indi-
Go would have the option of

* PUC plans to deepen
liberalisation via BTC,
and possibly IndiGo,
selling fixed-line voice
services wholesale
to new operator

* BTC only one to be
mandated to do this

choosing whether to do so.
Essentially, the PUC’s plan
is that BTC - and perhaps Indi-
Go - will play the role of
wholesaler, allowing the new
market entrant to purchase
fixed-line voice telephony ser-
vices from them for resale to

SEE page 2B

?

work having now been fea-

tured at some 41 international _

film festivals across the world.
He added that he had agreed
a distribution deal with the

Frameline company, which had

sub-licensed Float to an even
larger distribution firm called
Strand.:Their plan had been to
place his film on a DVD com-
pilation with other short films
that they were trying to'sell to
the likes of Virgin Megastore
and other major US retailers.

Fuller to purchase ‘the
Bahamas Film Studios, with
arrangements having been
made to tackle the project’s
debts and legal actions it is
embroiled in.

Yet some believe that Sight
any government move to ter-
minate the lease, the Bahamas
FilmInvest deal is unlikely to
make much progress given the
Bahamas Film Studios’ many
issues, and that uncertainty
over the development’s future
will merely be prolonged.

Terminating the lease. would
also likely collapse Bahamas
FilmInvest’s purchase, as it

SEE page 3B

reem Mortimer

Mr Mortimer said Float had
received a further boost after‘a
profitable meeting. with



ROYAL FIDELITY

Money at Work

NASSAU OFFICE

(242) 356-9801

_ FREEPORT OFFICE

(242) 351-3010 |

South Ocean’ S new

a By NEIL HARTNELL
Tribune Business Editor

‘THE South Ocean Golf &

Beach Resort’s new owner yes-
terday told The Tribune that

the property was effectively |

employing more staff than cur-

rent activity there warranted,

having kept on 30 of the 55

hotel’s 2004 closure.

Roger Stein, head of New
York-based’ RHS Ventures *
and the New South Ocean:
Development Company’s.

managing director, said he and

his company “were catching -
the heat” despite having noth- |
ing to do with the decision by _
the former owner to. release

about 25.employees.

That move was taken by the
Canadian Commercial Work-:- .

ers Industry Pension Plan

(CCWIPP), the former South.

Bahamian filmmaker secures MTV deal

VH1/MTV’s head of acquisi- ©

tions, who had decided to place
it on MTV’s Logo network
and its ‘click list’ of best short
films from April 15-June this
year.

To complete Fleat’s interna-

* tional reach; Mr Mortimer said® “>

he had sealed a deal with a
German company to put the
film on a DVD, then distribute
it throughout Germany, Aus-
tria and the German-speaking
part of Switzerland.

He added that the agree-

ment was that he would

_Teceive 60 per cent of the gross

revenues generated from the
German and Frameline/Strand
distribution deals, and 50 per
cent from the MTV broadcast
deal.

SEE page SB.

Last 35 years per year

a ‘Move taken by:
fund owner, as;

acquisitions fo:

workers the previous owner ©
had retained following the ._

. Ocean owner, which closed th
- gale of the property and some

owner says lay-offs
not their decision’

bencirevewnee

a

Sore

former pensioe
e




resort and land:

F9

‘its

ike

-$867m projec
: coimpiglet a
of

‘




























surrounding land to Mr Stein’s
company about 10 days ago: i
’Mr'Stein told The Tribune
“The pension fund had aroun:
55 persons employed for #
whole host of reasons, inclu

SEE page 7B

Sponsored by

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

PP eS

Last 12 months

) Soe mat lis4 Bahamas Growth & Income Fund

royalfidelity.com

info@royalfidelity.com

Total Performance* through January 31, 2008

ROYAL @ FIDELITY

Money at Work

Nassau: 356.9801

elbassid. Past performance is no quarantee of future results. Read the Offering Memora

* Freeport

352.6676





PAGE 2B, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



Travel Agency Manager

AS

Qualifications:

° Five years experience in Travel Agency
Management
Experience organizing team work
Analytical skills for Direction.
Fully trained in Tour Tek Computer System
Strong Accounting knowledge.
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
March 15, 2008.
Only the successful applicants will be contacted.

FROM page 1B

Bahamian businesses and res-
idents using their networks,
switches and systems. In
‘return, BTC and IndiGo will
receive a regular fee.

As the new telecoms
licensee will not have to make
a major initial capital outlay
to construct their own telecoms
network, the PUC is hoping
that the barriers to market
entry will be reduced.

In turn, the theory is that this
will further stimulate competi-
tion in the fixed-line, voice
telephony market in the
Bahamas, enhancing service
for customers, and giving them
greater options and better
prices.

OF NASSAU BAHAMAS

Registration for the second session of the

“Learn to Swim” program will take place
at Queen’s College pool on
Saturday March 8th, 2008
from 9:00a.m. to 12noon

ALL SWIM GROUPS MUST REGISTER:
1) LEARN TO SWIM FOR CHILDREN

ly to be asked about how
attractive such a resell licence
will be, given that BTC’s fixed-
line market share has been
eroded by both legitimate com-

2) LEARN TO SWIM FOR ADULTS

See our website for registration forms,
start dates, prices and other information:

www.barracudaswimming.org

INSIGHT

For the stories

behind the news,
read Insight
on Mondays





THE CENTRAL BANK OF THE BAHMAS

Conterfeit Banknote And Introduction
To Crisp Series Seminar

Place: The Central Bank Of The Bahamas Training Room,
Market Street And Trinity. Place Entrance :

Session
| March 13, 2008
~* From 11:00 A.m. To 12:30 P.m.

When:

Apply By: March 10, 2008.

The seminar is open to banks and banking institutions, gov-
ernmnet agencies and corporations, private companies and the
general public. Applications will be taken on a first-come/first-

served basis, as space is limited. :
Kindly indicate if you wish to attend.

Contact No.
302-2734, 302-2636, 302-2629

Questions, though, are like-



petition and illegal callback
and Voice over Internet Pro-
tocol (VoIP) providers. Cellu-
lar is now arguably BTC’s most
valuable arm, this monopoly
generating 64 per cent of its
revenues.

There may also be concerns
over how this licence could
impact BTC’s privatisation val-
ue.
The PUC said: “The Com-
mission believes the new
licence will provide opportu-
nities in these sub-sectors for
small and medium-sized oper-
ators to compete with BTC
and SRG [IndiGo’s parent],
the only licensed telecommu-
nications operators with autho-
rised systems to provide voice

“services to the public in the

Bahamas. -

“As is the experience else-
where, the Commission antici-
pates that resale competition
will exert downward pressure
on prices, stimulate entry and
entrepreneurship in the
telecommunications sector,
encourage greater innovation
in pricing and service delivery,
and enhance the competitive-
ness and efficiency of the
Bahamian economy.”

Yet the PUC plans to man-
date that BTC sell wholesale
fixed-line voice services to the
new licensee, while IndiGo will
have freedom of choice to do
sO:
Adding that it had the legal
capacity to mandate this, the
PUC said: “Because BTC is
dominant in the relevant mar-
kets for local call services,

inter-island call services and
international call services, the
Commission proposes to
require BTC to offer local call
services, inter-island call ser-
vices and international call ser-
vices to the licensee at non-dis-
criminatory prices and on non-
discriminatory conditions.

“It is not the intention of the
Commission to require SRG
to offer ary or all of the ser-
vices in question to the licensee
on a wholesale basis. However,
SRG may offer the licensed
services on a wholesale basis
to the licensee, if it so chooses,
but within the parameters of
SRG’s public fixed radiocom-
munications licence.”

The PUC said in its consul-
tation document that the new
market entrant would be able
to provide intra-island, inter-
island and international voice
telephony services using BTC
and IndiGo’s systems.

It will also be able to operate
public pay phones in single or
multiple premises, obtain tele-
phone lines from other opera-
tors, and own equipment used
for its billing and traffic man-
agement.

However, under the licence
terms the PUC is proposing,
the new market entrant will
not be allowed to contravene
BTC’s ‘special rights’ as out-
lined in the Telecommunica-
tions Sector Policy.

Among the services it will
not be able to provide are cel-
lular, cable television, paging
systems and public mobile
radio systems, and interna-



New telecoms
licence to grow
competition

tional gateway and satellite ser-
vices.

The new entrant will also be
unable to terminate calls in the
Bahamas unless they are con-
veyed by BTC or IndiGo’s net-
works, and in accordance with
a Wholesale Services Agree-

_ ment approved by the PUC.

It will also be unable to transit
calls through the Bahamas
unless the same conditions
apply. aon 10

The PUC said it was aware
that persons were already
operating public pay phones
at one or multiple locations to
provide domestic and interna-
tional long distance. calls
obtained from BTC and/or
IndiGo, and warned that they

‘were not licensed to do so.

Explaining its policy ratio-
nale, the PUC said: “Many
governments have implement-
ed a policy of resale competi-
tion as part of their overall
national strategy to expand
competition in telecommuni-

cations services.......

“Resaie competition has
lower barriers to entry when
compared to facilities or sys-
tems-based competition. For
this and other reasons, it has
served as an important vehicle
for promoting entry to
telecommunications markets.
by small and medium-sized
operators. It is also worth not-
ing that resale competition is
usually attractive to new
entrants who lack the requi-
site licenses to operate their
own transmission and switch-
ing systems or facilities.”

Fig

.. Easy

yeh
ve | i

ween

iow
OA

© Fe Fonsrting expreen xattrnart 320%
9 fe cope cegshe ow beher 00 phates AE,
© Fe wissoriong widis anc wlbogs

Hale me OG) oo

“Being informed about local news, sports,

entertainment and world events is important to

me. The Tribune is my choice for news and

information. The Tribune is my newspaper.”

JASON RAHMING
CONSTRUCTION FOREMAN

Purchase The Tribune from your
local store or street vendor.

. The Tribune

My Vere. Mly flewpoyew

yf





THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 3B








TB Donaldson

=} UTS} Soe)

Commonwealth Ban!



to increase dividends

Commonwealth Bank yes-
terday confirmed it will
increase its regular quarterly
dividend payments by 50 per
cent, meaning that sharehold-
ers will see a $0.02 per.share
increase from $0.04 cents to
$0.06.

The move came six weeks
after the bank announced
record earnings of $48.5 mil-
lion for the fiscal year 2007.

Shareholders

In a release, Commonwealth
Bank said shareholders will
receive the extra income when

Ending Film Studios lease to
‘set industry back 50 years’

FROM page 1B

would deprive Mr Fuller of the
main asset he is selling - the
very same lease and rights to
the Bahamas Film Studios pro-
ject, which includes a $10 mil-
lion water tank where Pirates
of the Caribbean IJ and III
were filmed.

Mr Bethel was said to be out
. of office until Thursday when
The Tribune called seeking
comment yesterday.

The Prime Minister’s com-
ments, indicate, though, that
the Government is not overly
keen on the acquisition by Mr
Bethel’s group and their plans
for the site, and it wants to see
what other investment pro-
posals are out there.

Many believe the Ingraham
g- ernment would be unlikely
to lease the entire 3,500 acre

’ industry

site as the Christie government
did. The fact the Government
also wants to assess the invest-
ment options may also raise
doubts over whether the site
continues as a film studio.

That could have a major
negative impact on how the
international film and TV
perceives the
Bahamas as a production loca-
tion, damaging the growing
demand and interest in this
nation.

Terminating the lease would
also raise questions about
whether a German movie pro-
duction, Der Sea Wolf, which
has just committed to using the
Bahamas Film Studios, will be
able to do so as planned,
depending on timing. It is like-

ly that some arrangement

would be worked out to enable
them to continue.

A termination might also
have consequences for the

Important
Notice

Bahamas Film Studios’ many
creditors; among them
Bahamian companies such as
Islands by Design and Phoenix
Engineering, who are believed
to be claiming they are owed
around $125,000 and $300,00
respectively for engineering
and environmental impact
assessment work.

Both had obtained Supreme
Court injunctions blocking any
sale of the Bahamas Film Stu-
dios unless the debts owed to
them were satisfied. Without
a lease, there will be no sale,
and this means the debts owed
to them will not be paid.

There would also be ques-
tions about whether the estate
of the late Paul Quigley, gne of
the Bahamas Film Studios
three founding partners - all
of whom have passed away -
would be able to enforce the $2
million claim they have against
the company.

From midnight on Saturday 8th March to
midnight on Sunday 9th March 2008.

As we continue efforts to improve our service to you, we
ask you to take note that our Electronic Banking System
will be temporarily unavailable during the time listed
above while we conduct routine maintenance.

We apologise for any inconvenience that tls may

Cause.

During this period, the following services will be

unavailable:

e ABM

e VISA transactions via ABM
e Internet and Telephone banking

Please plan your weekend finances to cater for
this necessary maintenance.

www.firstcaribbeanbank.com

e

FIRSTCARIBBEAN

INTERNATIONAL BANK

GET THERE. TOGETHER.



the quarterly dividend is paid
on March 31, 2008, and then
at the end of each succeeding
calendar quarter.

“The Board of Directors
wanted the 6,500 shareholders
of Commonwealth Bank to
know that they will benefit
from the strong results the
bank enjoyed in 2007, when
the bank experienced positive
performance in every category

+ across the board,” said T.B.
Donaldson, its chairman.

“The bank has an ongoing
commitment to spread the
benefits among those who
have been loyal shareholders,

as Commonwealth Bank has’

grown from strength to
strength. Indeed, part of the
rationale of the very successful
share split in November 2007
was to enable all Bahamians
to share in this important suc-
cess story that is Common-
wealth Bank.”

Figures

Commonwealth Bank’s
year-end figures showed its
11th consecutive year of record
profits.

“With the largest and, we
believe, the most diverse share-

holder base of any public com-
pany in the Bahamas, the
increase in regular quarterly
dividends will benefit share-
holders from every walk of life,

_at this time when everything

seems to be becoming more
expensive,” Mr Donaldson
said.

In November, the bank split
its shares three-for-one, result-
ing in a rapid increase in its
share price to $8.50.

Recent profit-taking in the
market has seen the price sta-
bilise in the low $7 range, still
significantly above its 2006
close of $4.17.

ACCOUNTS ADMINISTRATOR

Tourism related organization invites applications from suitability qualified
| Persons for the above position. Please apply in confidence to:

Accounts Administrator
DA 60702
c/o The Tribune
P.O.Box N 3207
Nassau, Bahamas.

Applicant must possess the following qualifications:
Must be a graduate of accredited college with a bachelor’s degree in

Accounting.

3-5 years Accounting experience required, A/R and A/P preferred.
Must have working knowledge of Quickbooks Enterprise.

Must be computer literate and proficient in Microsoft Office, Microsoft
Excel, and Microsoft Word. .
Must possess excellent communications skills.
Must be able to work independently.

Must be familiar with general office practice.
Must be professional, reliable and have own transportation

Must be able to trouble shoot and solve problems.

A clean police certificate is required.

Salary commensurate with qualifications and experience. Excellent benefits.



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PAGE 4B, WEDNESDAY, MARCH 5, 2008 THE TRIBUNE







He oie 2€
SUIS. Stay | a anehy
SSN ee



“I get a better sense of what



| is happening in The Bahamas
from reading the Tribune.

Where other daily



newspapers fall short, the





Tribune delivers. ’m



confident knowing The



Tribune looks out for my

interests. The Tribune is

| er The Tribune

NELSON JOHNSON
TAX] DRIVER

"SREP IE ESE SLTEIEOEENNEESENHEE OULU ceecebalsoneseibstt sseittcatennnentsen etotoneeonntnt: teeceaneneeen ‘esenenbsneten aera eeeiaieeammeneientaiameaecinieaiemenmeninntiatinmmenmmereneecesensenaan se reecemenee RT



THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 5B



Pa, Ree CO ee

Joint venture to.
develop 884-acre
Eleuthera resort

m@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

TWO United States com-
panies have entered into a
joint venture to develop a
resort on Eleuthera, the pro-
ject having just received
approval in principle from
the Government’s National
Economic Council (really the
Cabinet).

- Meritage Hospitality
Group has entered into a
strategic partnership with the
Related Group called TRG-
Meritage Bahamas. The
resort will be one of the
world ‘s leading low-density,

low-rise environmentally sen-
sitive resort communities.

Meritage and Related will
jointly oversee the sales and
marketing services, and pro-
vide co-development ser-
vices.

Provide

Rockford Construction, of
Grand Rapids, Michigan, will
provide owners’ representa-
tion services and co-develop-
ment services for the project,
with the Related Group func-
tioning as the lead develop-
er.

In addition to participating
in the sales, marketing and
development fees, Meritage

holds a 23.75 per cent stake
in the entity that owns the
884-acre oceanfront property.

Robert Schermer Jr, Mer-
itage’s chief executive ,
explained that presently the
Related Group was finalising
the master plan and develop-
ment schedules.

“Related is currently final-
ising the master plan, and
development schedules. Once
this is completed a project
launch should follow the sub-
division permits, which tradi-
tionally take 12 months after
land closing to engineer and
process. The development
effort is a watershed event
for our company, as well as
citizens of South Eleuthera,”

Bahamian filmmaker secures

FROM page 1B

Proving that Bahamian film
makers and producers can
shine on the international
stage, Mr Mortimer said of
Float: “We broke through. It’s
very unlikely a short film will
get a distribution deal, but we
did it.

“We project we'll make
high-five, low-six figures from
Float in a best-case scenario.
It’s not so bad for what it is. I
made it with the intention of
not even receiving any money
back. It’s been a fantastic ride,
and I’m moving on to other
films.”

Mr Mortimer said he was
now working on two other pro-
ductions - one a Bahamas-
based documentary that is now
in “post-production”, the oth-
er another film called Day-
break that also has Bahamas
roots. ;

He is currently working to
raise money from both
Bahamian and international
investors for Daybreak, which
he said will have “an element
of Float” in it, focusing on two
Bahamian characters who
learn universal life lessons, act-
ing and speaking their true
feelings.

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.

Daybreak will require a
$650,000 budget, Mr Mortimer
said, and he is aiming to raise
$300,000 of that sum by early
May so that he can start pro-
duction and agree actor con-
tracts. He needs $170,000 to

‘meet his first financial target.

“T’ve raised $130,000 local-
ly,” Mr Mortimer told The Tri-
bune. “The budget of the film
is $650,000. We need to raise
$300,000 to start production
and get actor contracts.

“We want to start shooting
in July, so we need to reach
the $300,000 threshold by ear-
ly May. It’s a challenge to raise
that $170,000 by early May, but
I believe we can do it. I pride
myself on giving a lot more for
the money.

“I’m going to Miami and
New York again next week
Tuesday. We will have a party,
show the trailer to the film,
showcase the Bahamas, and
walk them through the busi-
ness climate.”

Mr Mortimer said that while
Daybreak, which he hoped to

‘release in 2009, would do well

going straight to DVD, he is
hoping it will reach “200-300
screens in the US in major
towns and cities”.

“T believe it deserves it,” he

'

said.

Before then, Mr Mortimer
is aiming to complete by June
2008 post-production work on
a slightly-less-than-one-hour
documentary targeted at the
TV and educational market,
called ‘J am nota Dummy’.

The moving documentary
tells the story of Bahamian
Michael Wells, who was born
in the 1960s. As a result of for-
ceps being used to deliver him
in a breached birth, Mr Wells
suffered serious neurological
damage, and no school in Nas-
sau would accept him.

Watching TV at home, he
learnt to read and write by
watching Sesame Street. When
his mother bought him a type-
writer, he wrote the words: “I
am not a dummy.”

“He was able to say he was
mentally all there,” Mr Mor-
timer told The Tribune. He
added that for the documen-
tary he and his crew had fol-
lowed Mr Wells for two years,
including around the
Caribbean.

Mr Mortimer said he felt
there was “a strong market”
for the documentary both in
the Bahamas and outside, and
was seeking support for it from
community groups in both the

he said.

Mr Schermer said the
Related Group, owned by
Jorge Perez and Stephen
Ross, were former stakehold-
ers in Atlantis on Paradise
Island.

Companies

The Related Group and its
combined companies have
developed over $25 billion _
worth of real estates develop-
ments. In addition, to its
North American and
Bahamas projects, Related
Group is developing projects
in Argentina, Colombia,
Costa Rica, Mexico, Panama
and Uruguay.

MTV deal

United States and here.

Legal Notice

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)











MOSAIC ENTERPRISES LTD.

In Voluntary liquidation

“Notice is hereby given that in accordance with Section 137 (4) of
the International Business Companies Act (No. 45 of 2000),
MOSAIC ENTERPRISES LTD. is in Dissolution.”

The date of commencement of dissolution is the 22nd day of February, 2008.

YOLANDA HARNAMJI
12 Bell Lane
Gibralter
Liquidator

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

In Voluntary Liquidation

Notice is hereby given that in accordance with Section 138 (4)
of the International Business Companies Act, (No.45 of 2000),
GRACE INVESTMENT CORP. is in dissolution. Mrs. Al-
rena Moxey is the Liquidator and may be contacted at The
Winterbotham Place, Marlborough & Queen Streets, Nassau,
The Bahamas. All persons having claims against the above-
named company are required to send their names, addresses
and particulars of their debts or claims to the Liquidator before
the 31st day of March, 2008.

é

Jj

ALRENA MOXEY
LIQUIDATOR



CLIENT ACCOUNTANT

A privately held group of companies dedicated to providing tailor-made financial,
fiduciary and administrative services to corporate, trust and institutional customers
~ is seeking a Client Accountant

QUALIFICATIONS

At minimum the candidate must meet the following requirements:

Self starter with an.excellent academic background and strong organizational

skills

In pursuance of or attainment of an Associates Degree in Accounting
Proficiency with Microsoft Office - Word, Excel and Outlook
1 year’s experience in the same or similar position

The salary is negotiable and will depend on the background, qualifications and
experience of the candidate. :

Please forward, on or before 21“ March, 2008, your CV by fax together with a

covering letter to:

HUMAN RESOURCES
TELEFAX: (242) 356 9432



AFFORDABLE HEALTH INSURANCE IS JUST A PHONE CALL AWAY!

through

_ Caribbean, Latin America and the UK. _

hamas,

¢ Full Maternity Coverage & FREE
cover for children up to age 10.
_Underwritten by Lloyd’s of London _
_ (A+ rated for claims paying ability).

_ Worldwide Emergency Coverage
including the USA & The Bahamas.

Emergency evacuation by Air Ambulance.

Premiums paid monthly, half-yearly
or annually by credit card.

No Medical Examination requirement.

STARE
General
393-5529

CALL
TODAY

‘Cyril Peet Mark Reynolds

“Home delivery of The

Tribune gives me a head
start. The Tribune is

my newspaper.”

HAROLD ANTOR

INSURANCE EXECUTIVE

For delivery of the leading

Bahamian newspaper, call The
Tribune’s Circulation Department
at 502-2383 or visit our offices on
Shirley Street to sign up today!

The Tribune

My Voice. Vly Vlewgongt !





PAGE 6B, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



Owner transparency
levels in Bahamas
‘higher than US’

COMMONWEALTH OF THE BAHAMAS
2007
IN THE SUPREME COURT
Equity Side
No. 1272

IN THE MATTER OF a piece parcel or lot of
land contained by measurements three and seven
hundred and six hundreths (3.706) acres and
situate on the northeastern side of thé Queen’s
Highway in the vicinity of Palestine Baptist
Church in the settlement of Deadman’s Cay in the
Island of Long Island, The Bahamas.

AND

IN THE MATTER OF the Petition of Orlando M. Turnquest

AND
IN THE MATTER OF the Quieting Titles Act 1959

NOTICE

The Petitioner in this matter claims to be the owner in fee simple

ossession of the tract of land hereinbefore described and the
Petitioner has made an 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 the Certificate of Title granted by the Court in
accordance with the provisions of the said Act.

Copies of the Plan may be inspected during normal office
hours.at:

(1) The Registry of The Supreme Court.

(2) The Administrators Office at Clarence Town,
Long Island

(3) The Chambers of the undersigned.

NOTICEIS HEREBY GIVEN that any person having dower or
right to dower or an adverse claim or a claim not recognized in
the Petition shall before the 30th day of April, A.D.,2008 from
the publication of notice inclusive of the day of such publication
file Notice in the Supreme Court in the City of Nassau in the
Island of New Providence aforesaid and serve on the Petitioner or
the undersigned a statement of his or her claim in the prescribed
form verified by an Affidavit to be filed therewith. The
failure of any such person to file and serve a statement
of his or her claim within the time fixed by the Notice
aforesaid shall operate as a bar to such claim

Dated this 25th day of February. A.D., 2008
PYFROM & CO,
Chambers
No.58, Shirley Street,
Nassau, N.P., Bahamas

, Attorneys for the Petitioner.





Mrs. ARLENE ALBURY
Former Director, Student Activities (1987-2007)

/he College of The Bahamas
mourns the passing of a trusted
colleague, good friend, mentor and
confidante.

To honour the life of Arlene Albury,

The College will hold a memorial
service on Monday, 10th March at
10:00 a.m. at the Bandshell.



‘porate



FROM page 1B

ficial owner registry for all cor-
vehicles/entities
licensed in this jurisdiction,
said it was critical that all inter-
national regulatory initiatives
be applied "across the board".

Arguing that the US and
many European countries
were unable to compile single
registries for all beneficial own-
ers of their corporate vehicles,
Mr Moree said: "They should
not expect another country to
do something they themselves
are not prepared to do.

“Béfore they seek to impose
a condition on the Bahamas or
another country, they them-
selves should do that. Until
and unless they lead by exam-
ple, they should not push these
conditions on international
financial centres.

Level

. “In the Bahamas, there is a
higher level of transparency



| to:




BIS

Pricing Information As Of:

Abaco Markets








Recruitment Manager
BDO Mann Judd
Nassau Bahamas
Fax: 242-325-6592



with regard to beneficial own-
ership of many legal entities
than currently exists in the
US.”

Registry

While the Bahamas did not
have a single, central registry
for collecting beneficial own-
ership information on all enti-
ties domiciled in this nation,
Mr Moree said different finan-
cial services regulators pos-
sessed the required documents
on all companies that they
specifically licensed and super-
vised.

The senior partner at McK-
inney, Bancroft & Hughes
added that the Bahamas had
to be “very careful” when it
came to beneficial ownership
registers, the Organisation for
Economic Co-Operation and
Development (OECD) in the
past having called for such a
list to also include details on
trust beneficiary and settlor
identities.

This is a misconception, as

IBDO Mann Judd

BDO Mann Judd a leading professional services firm with 601 BDO Member Firm
offices in 105 countries around the globe is now seeking applications for assurance
seniors/ senior accountants to work in the assurance department. The successful candidates
will have a bachelor’s degree in accounting and a CPA, ACCA, CA or any other
qualification that is recognized by the Bahamas Institute of Chartered Accountants.

The successful candidates will have 3 years experience in auditing, and be able to work in
a challenging team driven environment. Attention to detail is a must.

Individuals with the above-mentioned qualifications should fax or email their résumé’s
info@bdomannjudd.com



Absolutely no phone calls please.
Only the applicants with the above mentioned qualifications will be contacted.

Jian

1.90








settlors and beneficiaries do
not own trust assets, which are
under the control of Bahami-
an-based trustees.
Nevertheless, such a registry
would have been deeply dam-
aging to the Bahamian finan-
cial services industry’s com-
petitiveness, Mr Moree said.
“This would be counter-pro-
ductive to private client busi-
ness, we would have serious
concerns about that,” Mr
Moree said of any demands
that mirrored the OECD’s.

Point

“The major point is that they
should not require from an
international financial centre
any information or level of
access that they themselves are
not prepared to have in their
own country.”

Pointing out that US central

. government and congressional
agencies had found that states
such as Delaware did not allow
access to beneficial ownership
information on their corporate














0.00






entities, Mr Moree said that
acceding to US demands given
this situation would place the
Bahamas at a competitive dis-
advantage.

“As a jurisdiction, we need
to be prepared to seriously
consider proposals which are
being followed by all other
jurisdictions in the interest of
good regulation, anti-money
laundering or national securi-
ty,” Mr Moree added.’

“However, they need to be
applied across the board so
there’s a level playing field,
and when they are not the
agency or organisation that is
making the proposal loses the
high ground and it then really
becomes an issue of competi-

' tiveness. :

“You can’t have some juris-
dictions living under one set
of conditions when others are
not required. to follow the
same set of conditions, which
in the marketplace makes
those jurisdictions more com-
petitive than the compliant
ones.

“It does affect the competi-

‘tiveness of different jurisdic-
tions. If it’s something that
should be done in the
Bahamas, it should be done
everywhere else.”

Agree

Mr Moree, though, did agree
with the US report’s recom-
mendation that the Bahamas
beef up its financial services
regulatory agencies, and its law
enforcement, prosecution and
judicial agencies, when it came
to combating money launder-
ing and terror financing.

The US report said: “The
Bahamas should also provide
adequate resources to its law
enforcement, prosecutorial and
judicial entities to ensure that
investigations and prosecutions
are satisfactorily completed
and requests for international
cooperation are efficiently
processed.”

In response, Mr Moree said:
“T strongly endorse those com-
ments, and I think it’s impor-
tant the central government
ensures the law enforcement
authorities have the resources
to carry out their mandate. The
same thing applies to the reg-
ulators.”





































11.80 11.25 Bahamas Property Fund 11.80 11.80 0.00 1.502 0.400 7.9 3.39%
9.68 8.50 Bank of Bahamas 9.61 9.61 0.00 0.643 0.160 14.9 2.71%
0.99 0.83 Benchmark 0.99 0.99 0.00 0.188 0.030 5.3 3.03%
3.74 1.95 Bahamas Waste 3.66 3.66 0.00 0.289 0.090 12.7 2.46%
2.70 1.25 Fidelity Bank 2.60 2.60 0.00 0.058 0.040 44.8 1.54%
13.60 10.03 Cable Bahamas 13.60 13.60 0.00 1.030 0.240 43.2 1.76%!
3.15 2.10 Colina Holdings 3.14 3.14 0.00 0.031 0.040 101.3 1.27%
8.50 4.62 Commonwealth Bank (S1) 6.90 6.95 0.05 85,450 0.428 0.260 16.2 3.74%
7.22 4.13 Consolidated Water BDRs 14.12 4.02 -0.10 0.129 0.052 32.0 1.26%
2:60 2.20 Doctor's Hospital 2.46 2.46 0.00 0.316 0.020 7.8 0.82%
7.90 5.85 Famguard 7.90 7.90 0.00 0.713 0.280 11.1 3.57%!
13.01 12.30 Finco 12.92 12.92 0.00 0.810 0.570 16.0 4.41%
14.75 13.90 FirstCaribbean 13.90 13.90 0.00 0.914 0.470 15.2 3.38%
6.10 $12 Focol (S) 5.15 5.15 0.00 7,983 0.363 0.140 14.2 2.72%
1.00 0.54 — Freeport Concrete 0.74 0.74 ° 0.00 0.035 0.000 21.1 0.00%
8.00 7.20 ICD Utilities 7.25 7.25 0.00 0.411 0.300 17.6 4.14%
: 8.60 J. S. Johnson 12.30 12.30 0.00 1.059 0.610 11.6 4.96%
10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00%
ce Fidelity Over-The-Counter Securities - ve
52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS$__Div$ PIE Yield
14.60 14.25 Bahamas Supermarkets 14.60 15.60 16.00 1.160 0.900 13.4 :
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.35 0.40 — 0.35 -0.023 0.000 N/M 0.00%
Colina Over-The-Counter Securities
41.00 41.00 ABDAB 41.00 43.00 41.00 4.450 2.750 9.0 6.70%
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 1.125 13.4 7.71%
0.55 0.40 RND Holdings 0.45 0.55 .0.45 0.030 0.000 N/M 0.00%
g _ BISX Listed Mutual Funds Yee J yj
52wk-Hi —52wk-Low Fund Name NA V 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% x
3.7969 3.1424 Fidelity Bahamas G & | Fund 3.7442*** -1.40% 27.72%

11.9880 11.4467 Fidelity Prime Income Fund 11.9880*** 0.46% 5.53%

100.0000 100.0000 CFAL Global Bond Fund 100.00**

100.0000 100.0000 CFAL Global Equity Fund 100.00**

1.0000 1.0000 CFAL High Grade Bond Fund 1.00**

10.5000 9.6628 Fidelity International Investment Fund —_9.6628***



FINDEX: CLOSE 911.89 / YTD -4.22% / 2007 34.47%

MARKET TERMS YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity
Ask $ - Selling price of Colina and fidelity
Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week *** 31 January 2008
EPS $ - Acompany's reported earnings per share for the last 12 mths “*** 2 January 2008
NAV-NetAsset Value 000 - 22 February 2008
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100



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

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

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

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

Daily Vol. - Number of total shares traded today

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

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

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

(S1) - 3-for-1 Stock Split - Effective Date 7/11/2007

TO TRADE CALL: CFAL 242-502-7010 / FIDELITY 242-356-7764 / FOR MORE DATA & INFORMATION CALL (242) 394-2503







** - 31 December 2007














THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 7B





Consolidated Water’s
executive chairman
to step down in July

CONSOLIDATED Water, the BISX-
listed owner of the Blue Hills reverse
osmosis plant, yesterday announced that
Jeffrey Parker would be stepping down
as its executive chairman with effect from
July 4, 2008.

A company statement said Mr Parker
would “pursue other interests”, and con-
tinue to act as Consolidated Water’s non-
executive chairman.

Mr Parker’s responsibility for strategic
business development and investor rela-
tions will be transferred to Rick McTag-
gart, Consolidated Water’s president and

' chief executive.

Mr Parker has been a director of Con-
solidated Water Company since 1980, and
chairman since 1982. He served as chief
executive of the company from 1982 until

January 1, 2004, following which he con- FRAgMA MUGS



tinued his employment with responsibility
for strategic business development and
investor relations activities.

“On behalf of management, the Board
of Directors and shareholders, I would
like to express our appreciation for Mr
Parker's 25 years of dedicated executive
service to Consolidated,” said Mr McTag-
gart.

“He served as chief executive of the
company during a period of rapid growth,
during which Consolidated emerged as an

' internationally-recognised leader in the
conversion of seawater into potable water
throughout the Caribbean region. :

“We are delighted that he will continue
to be actively involved in the company's
future as chairman of the Board, and we
wish him all the best in the pursuit of his

‘New interests.”

x

South Ocean’s new
owner says lay-offs
not their decision



FROM page 1B

55,pergons €mployed fora
whole host of reasons, includ-
ing the hotel. When they deliv-

ered the property to us, we’

agreed to keep on 30 people

or so, which given that the .

hotel is closed and the golf
course will open in several
months, is a large number.
“We’re carrying a fairly sig-
nificant staff relative to what’s

going on there, which I think



speaks highly of us and the
plans we have.”

Although RHS Ventures
and the new South Ocean

Development Company were.

being blamed by those staff
released by CCWIPP, Mr Stein
added: “It’s just one of those
things. People are looking at
the wrong horse.

“They were released by ite

pension fund, not by us.”

Mr Stein confirmed that his
company had completed all the
land acquisitions necessary to
facilitate his $867 million rede-
velopment of South Ocean.

Some three land parcels in
total were involved, and a pre-
vious $33 million deal had
been closed for some of the
land with the New Providence
Development Company.

“We just .closed a few days
ago - about 10 days ago,” Mr
Stein said. “We'll be demol-

‘ishing all the buildings pretty

soon, and we will be hiring
some Bahamian contractors to
do that.”

The South Ocean project is
slated to include a 140-room
five-star, and 400-room four-
star, resorts, a 40,000 square

foot casino, fractional villas,

180 timeshare units, second

homes, convention centre,
marina, tennis facilities and
spa.

The vertical construction
phase is scheduled to cost $500
million, with associated infra-
structure a further $200 mil-
lion.

The draft economic impact
study for the South Ocean
Development projected that it
would create 1,358 full-time

‘jobs when fully open, plus

1,200 direct construction jobs
at full build-out.

Ten Tae
just call 302-2362 today!

NOTICE

NOTICE is hereby given the JACKSON CHARLES of
CARMICHEAL ROAD WEST, P.O. BOX SB-52524, NASSAU,
BAHAMAS, is applying to the Minister resposible for Nationality
and Citizenship, for registration/naturalization as a citizen of
The Bahamas, and that any person who knows any reason
why registration/naturalization should not be granted, should
send a written and signed statement of the facts within twenty-

eight days from the 5TH day of MARCH, 2008 to the Minister
responsible for Nationality and Citizenship, P.O.Box N - 7147,
Nassau, Bahamas.

NOTICE

NOTICE is hereby given the DONAVAN GENE ENNIS of
NASSAU VILLAGE, P.O. BOX N-7895, NASSAU, BAHAMAS,
is applying to the Minister resposible for Nationality and
Citizenship, for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason why
_registration/naturalization should not be granted, should send
a written and signed statement of the facts within twenty-
eight days from the’ 5TH day of MARCH, 2008 to the Minister
responsible for Nationality and Citizenship, P.O. Box N - 7147,
Nassau, Bahamas.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that !, LAMARA CHENEI
_ MCINTOSH of Palm Beach Country, Florida, intend
to change my name to LAMARA CHENEI DAVIS. If
there are any objections to this change of name
by Deed Poll, you may write such objections to
the Chief Passport Officer, RO.Box N-742, Nassau,
Bahamas no later than thirty (30) days after the date
of publication of this notice.









Legal Notice

NOTICE

FALCON’S FLAME LIMITED

Notice is hereby given ‘that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of FALCON’S FLAME LIMITED 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

UDON LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of UDON 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

ZOUG LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of ZOUG 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)





_PAGE 8B, WEDNESDAY, MARCH 5, 2008 THE TRIBUNE _

&\ The Tribune’s & Kelly's /

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2008. Look for your names in The Tribune or listen to IOOJAMZ / JOY FM or COOL FM to hear your name.
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Full Text


gee
0’ FISH




HIGH
LOW



WEATHER



FORLENT — rmiovin’it.

83F
72F

PARTLY SUNNY,









SHOWER, F-STORM



Grounding of tanker
sparks gasoline woes

in San Salvador and
reportedly New Providence

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

THE LADY Francis will
arrive in San Salvador this
evening with nearly 150 gallons
of gasoline as the shortage of
fuel due to the grounding of the
tanker Ficus hits this far-flung
island.

Speaking to The Tribune yes-
terday, a number of residents
in San Salvador complained of
having to ask family members
and friends to purchase gaso-
line in New Providence and ship,
it on the mailboat.

“When I left San Sal, gas was
there,” said Mr Stanley Butler.
However, after a short trip’ to
New Providence, he said his
wife telephoned him to inform
him that the stations had run
out.

Mr Butler said he was now
sending eight gallons of gaso-
line on the Lady Francis to his
wife Christina.

Another customer, Cyril
Morley, an inspector at the Port
Authority, said he was sending
up to three, five gallon contain-
ers for his wife as well.

Mr Morley quipped that per-
sons expecting fuel had better
show up at the dock in Cock-
burn Town today on time, oth-
erwise they might find that their
gasoline had simply “evaporat-
ed” into thin air.

Reports had reached The Tri-
bune yesterday of stations
rationing fuel even in New
Providence as the island felt the
pinch of the lack of some of the
120,000 gallons that the Ficus
was expected to offload.

The Ficus is also laden with a
cargo of aviation kerosene, and
light automotive diesel.

As the Lady Francis was
completing its loading at Pot-
ter’s Cay Dock yesterday, cars
continued to pull up and offload
various containers, cans, and
drums, filled with the much
needed petroleum product.

With only two companies ser- °
vicing the entire island, it is »~

understood that while Shell had
run out of fuel, Esso had started
to ration the last of its reserves.
Each resident was being per-
mitted only a $20 maximum
purchase which amounted to
just about four gallons.

However, before noon yes-
terday, the supply was depleted.

As the Family Islands are
designed to have fuel depots,
commonly referred to in the
business as “satellite plants” to
hold over 4,000 gallons of vary-
ing petroleum products, it is a
question as to whether these
depots were actually being filled
and maintained with enough
product for such a crisis.

A source within the Ministry
of Works stated: “We owe the
Family Islands an apology for
the way they are treated. We
owe them a real apology.”

While admitting that he nor-
mally does not accept gasoline
in such quantities as cargo on
his vessel, Captain Locus Patton
said he was willing to make an
exception for this voyage

’ because of the present crisis at

San Salvador.

Calls for Minister of State for
Public Utilities, Phenton Ney-
mour, were unsuccessful up to
press time yesterday.

1 Lhe Tribune

ANY TIME...ANY PLACE, WE’RE #1



NOW OPEN!

Sunday ~ Thursday
11:00 am to 11:00 pm
; &
Friday - Saturday
11:00am to 12:00am



PRICE — 75¢

TAT Mt
looking glass’

BU eae.

Woman’s rbeds
is discovered
in apartment

FREEPORT - The body of
a woman was discovered in‘an
apartment in the Freeport
area on Tuesday morning.

According to reports, resi-
dents at an apartment com-

-plex smelled a foul odour

emanating from the apartment
and contacted the police.
- The identity of the victim is
being withheld at this time.
An autopsy will be performed .
to determine the cause. of
death.

$4.5m
worth of
cocaine

seized

ABOUT $4.5 million worth
of cocaine was seized by Drug
Interdiction Officers at the
Freeport Container Port after
it was. offloaded from an
Ecquadorian vessel for trans-
shipment to Spain.

Acting on a tip, the Grand
Bahama officers went to the
Container Port at about 3. 45pm
to make enquiries.

They searched a 20 ft metal
container, which had been off-
loaded onto the storage bay.
During the’ search, five large
black nylon duffle bags, con-
taining a quantity of suspected
cocaine, were discovered under
a shipment of palm oil.

SEE page 10

Felipe Major/Tribune staff

GAS drums are loaded onto the Lady Francis shortly before her departure for San Salvador yesterday.

Jurors unable to reach PSTaintoceele.
verdict in ‘Ninety’ trial BRiecinlGareiccas



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mek a | hn ie tome |
a Fg

terday, with the prosecutor
given the opportunity to
rebutt the assertions of the
defence.

The prosecution reportedly
brought several documents to
court yesterday, some of
which outlined the alleged
activities of the Samuel



Knowles drug trafficking
organisation.

The jury retired at 2pm yes-
terday to deliberate.

When the jurors had not
reached a verdict by the end

of the working day, Judge

James Cohn ordered that they
be released until today at 9am.

This is the second trial to
take place in Fort Lauderdale
in the Knowles drug conspira-
cy case.

Last November the US
court declared a mistrial when
a majority of jurors were
unable to reach a verdict.

Stites
SIVA Sc Od

SAMMIE MEAL

$4.99 54

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Reg. Fries & 160z
Fountain Soda



ATT EMMARSLMe cea Lm aL ee TA
OR Ton atone Mie coe maar Ta

THE Fort Lauderdale lm By ALISON LOWE
jurors in the Samuel “Ninety”
Knowles drug trial were
unable to reach a verdict yes-
terday.
Both the defence and the
_f| prosecution each addressed
| the jury for 90 minutes yes-

Tribune Staff Reporter
alowe@tribunemedia.net

NASSAU business owners are being warned to stay alert as
a brazen female fraudster has used trickery and deception to rob
a series of Palmdale establishments in the last week.

A “solid built, full figured” woman, dressed well and estimated

to be in her’ early to mid-thirties, is known to have entered at

least three businesses in Palmdale, making efforts to put employ-
ees at ease with casual conversation before later surreptitious-
ly robbing them of their personal belongings.

The Chiro Therapy Centre, Green Leaf Designs and the
Bahamas Foot Centre — located less than half a mile from
each other — were all hit.

SEE page 10



¢ Palmdale ¢ Paradise [stand

e (lakes Field
QM RAT Ga SS poo.
ere
PAGE 2, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



Arrest of ‘Ninety’ Knowles may be linked

to murder rate rise, says US drugs officer

Claim that smaller gangs could be vying for dominance

B By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net

A US narcotics officer yesterday admitted
a possible link between the arrest and extra-
dition of alleged drug trafficker Samuel
“Ninety” Knowles and the rising murder
rate in the Bahamas.

Speaking yesterday at the US embassy
after he presented the 2008 International
Narcotics Control Strategy Report, Nar-
cotics Affairs Officer David Foran said it
was a “great thing” that “Ninety” was
arrested. However he suggested later it may
have precipitated a situation lacking in
order, in which smaller drug gangs vie for
dominance.

“The fact that we took him down is great
because it really sets things back and it
takes the little guys a long time to build up
to that level and hopefully in the time that

they are building we can get them before .

they get to that level,” said Mr Foran of
what he saw as the positive aspects of
Knowles’ arrest.

He claimed that there was a decrease in
cocaine seizures in the years immediately
following Knowles’ arrest. However, that
drug activity is “coming back now,” he said.

“It’s a constant fight. It’s like fighting the

ocean, you take one out and you’ve got
others trying to replace it.”

Mr Foran said it is “certainly a possibili-
ty” that conflict between nascent drug gangs
in the wake of Knowles’ exit from the scene
may be playing a role in the increasing mur-
der rate. In a situation where there is a
“dominant trafficker”, that individual will
“impose his own order,” he explained.

“It’s not a positive order but, you know,
they enforce their order brutally. And when
that enforcement from the top goes away
you have the little ones coming up fight-
ing for that turf.”

“Ninety” — designated a “drug kingpin”
by US president George W. Bush — was
extradited to the US to face trial there in
2006 on an indictment dating from 2000,
relating to alleged drug crimes which report-
edly took place in the mid-1990s. Federal
prosecutors have alleged that he might have
been involved in the distribution of $1 bil-
lion worth of cocaine. However, so far a
Florida jury has been unable to reach a ver-
dict on the charges of which Knowles is
accused.

Mr Foran said: “When a real major traf-
ficker is arrested, brought down, his organ-
isation is brought down and it creates a
void, it creates a market that needs to be
filled, and what happens is a lot of little

~ SELLING THE BAHAMAS: The BTO booth at Milan.

Medical Association of the Bahamas

36" Annual Conference 2008

Session X

guys step up and try to fill that market...it’s
supply and demand.”

He said that law enforcement officials in
the US and the Bahamas have already iden-
tified the latest “up and comers” in the ille-
gal drug trafficking business in this country.

“I couldn’t sit here and give you any
names, but certainly law enforcement, the
DEU and the DEA working together have
identified the up and comers. That’s the
way they work, not at street level — the
guys selling a couple of joints here and there
— they try and work in determining what
are the organisations, the biggest organi-
sations, and they try to take them out.”

According to the 2008 INCSR, there
exists between 12 and 15 drug organisa-
tions in this country — a possible increase
on the dozen identified in the previous year.

The report states that in 2007 Bahamian
authorities seized 630 kilograms of cocaine
and approximately 50.5 metric tonnes of
marijuana. 527 people were arrested by the
DEU on drug-related offences and $7.8
million in cash, five vessels and an airplane
were seized. Intelligence sources “suspect
multi-ton cocaine shipments to the Turks
and Caicos and the Bahamas from
Venezuela and Colombia took place (dur-
ing 2007)” but none of these were success-
fully interdicted, it said.







Friday, March 7" 2008
7:00pm -9:00pm

(Hors d'Ocavres 6:30pm)



Public Forum |
Royal Bahamas Police Headquarters
East Street Hill

Violent Crime: A Public Health Perspective

Violent Crime: A Public Health Issue
Dr. David Allan Psychiatry





DeErUTY DIRECTOR GENERAL Tommy Thompson with the staff of the Bahamas Tourist Office in Italy at BIT Milan
8.

MAIN SECTION

10Cal NOWS . oc ceseccecsseel 12,9,0/0;7,8,10,11,12
“editorial/Letters. ...2.......02.05.0. oie i P4
Se Suse irises ence .P9
BUSINESS SECTION

ESUSINCSS 5560 ooo opecrsiccsécaseces.P'1,2,0,4,0,6,0
BOVE i ieccicaliecs P8

THE Bahamas Ministry of
Tourism was busy touting the
country’s vacation experiences
at BIT Milan, Italy’s largest
travel trade show.

The Bahamas’ three-day
promotional push included an
interview with tourism deputy
director general Tommy
Thompson on Italian televi-
sion powerhouse, SKYTG.

The interview and meetings
with trade professionals gave
the Bahamas the chance to
publicise the success of the
Italian movie, Matrimonio alle
Bahamas, which was filmed in
Exuma last summer.

Teenage Pregnancy: The PACE Program
Mrs. Jackie Knowles Ministry of Education

The Y.E.A.S.T. Program: Bettering Male Health
Deacon Jeffery Lloyd

ARTS SECTION

Murders in the Bahamas: One More for the Records
Mr. Hulan Hanna. Chief Superintendent of Police

"Modeling Crime Reduction: Engaging The Community in 8 | CLASSIFIED SECTION 32 PAGES The film, which includes
Problem Solving Strategies That Work" eg ee
& egies ina or has had tremendous success
Kim Carter USA TODAY MAIN SECTION 12 PAGES in its European releases.
Founder/Executive Director Time for Change Foundation, Ca. USA
Dr. V. Diane Woods SPORTS SECTION vei a tate
Assistant Research Psychologist for Public Health. University of California, Local Sports .. tusselaectlad
Riverside/African American Health Institute USA Today Sports ai saeco, P3 -14 Se iy
No Charge Weather.. FOR PEST PROBLEMS

PHONE: 322-2157


THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 3.



Oo In a

Man accused of
raping woman, 82,
appears in court

A 37-YEAR-OLD man
accused of raping an 82-
year-old woman was
arraigned in Magistrate’s
Court yesterday after-
noon.

According to court
dockets, it is alleged that
Leon Cooper of Knowles
Drive broke into the
woman’s home at Big
Pond on Sunday March 2,
with the intent to commit
a felony.

It is further alleged that
on the same day, Cooper
had sex with the woman
without her consent.

Cooper, who was
arraigned before Magis-
trate Guillemena Archer
at Court 10 in Nassau
Street, was not required
to enter a plea to the rape
and burglary charges.

He was remanded into
custody and will return to
Court Nine, Nassau Street
today.

B A 34-YEAR-OLD
man accused of commit-
ting incest was arraigned
in Magistrate’s Court yes-
terday afternoon. Accord-
ing to court dockets, it is
alleged that between
June, 2004 and June, 2005
the man had sex with a
14-year-old girl who was
his niece.

The accused, who was
arraigned before Magis-
trate Guillemena Archer
at Court 10 in Nassau
Street, was not required
to enter a plea to the
charge.

He was granted bail in
the sum of $10,000. The
matte: nas been trans-
ferred to Court Nine on
Nassau Street to be
assigned a date.

GréC not expected
to raise production
llespite record
high oil prices

@ VIENNA, Austria

OPEC has virtually ruled
out pumping more oil to
ease record-high prices, key
oil ministers signaled Tues-
day on the eve of a cartel
meeting, according to Asso-
ciated Press.

Chakib Khelil, president
of the Organization of
Petroleum Exporting Coun-
tries, said the 13-nation
' group is shying away from
boosting production
because of the U.S. eco-
nomic slowdown, political
turmoil in the Middle East
and expectations of slacken-
ing global demand for
crude.

On Monday, oil surpassed
the all-time record of
$103.76 a barrel when
adjusted for inflation. The
previous record was $38, set
in 1980 at the height of the

help wit

-ic disorder is appealing to the

. (FBS) in November 2006 at

Bridgewater

defends herself against

allegations raised by Laing’s attorney

lm By BRENT DEAN
Tribune Staff Reporter
bdean@tribunemedia.net

‘ATTORNEY Pleasant Bridgewater
was forced to defend herself against
charges that she was speaking to others
about the case while giving testimony
on the witness stand.

These allegations were raised by Fred
Smith, lead attorney for Zhivargo
Laing.

Mr Smith began the morning session
in election court by pursuing this line of
questioning of Ms Bridgewater before
Senior Justice Anita Allen and Justice
Jon Isaacs.

Ms Bridgewater acknowledged that
she spoke with others about the case
while she was in the witness stand.
However, she made it clear that she
did not talk to others about the evi-
dence that she was giving to the court.

She said that she has to prepare for
her case by speaking with her attorney,
and as a party to the proceedings, she is
still involved with making inquires sur-
rounding the case.

‘Mr Smith attempted to press the
issue, asking Ms Bridgewater if she

- appreciated that while giving evidence

she is not to speak with anyone about
the testimony according to the rules of
the court. .

Her lawyer, Philip ‘Brave’ Davis,
objected to the line of questioning and
emphasised that his client spoke with
people about the case, but not about the
evidence she is giving.

Senior Justice Allen intervened in
the debate and said that Ms Bridgewa-
ter is not just a witness but also a party
to the proceedings, raising the question

Family of infant appeals for
treatment payments



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

THE family of an infant
with an extremely rare genet-

public to help with payments
for medication and treat-
ment.

Two-year- old Jermario
Rolle was diagnosed with
Fanconi-Bickel Syndrome

Jackson Memorial Hospital
in Florida.

Jermario, who already has
undergone several dangerous
surgeries, requires a special
nutritional formula, as well
as constant supervision and
treatment by specialists in the
United States.

Turned down by Bahamian
insurance companies, Jer-
mario’s family said it has

’ she said.



acre ad Lele (Si els



_ of whether there is anything wrong with

Ms Bridgewater making inquiries about
the people she will give testimony on.

Mr Smith maintained that it is
extremely relevant that Ms Bridgewater
is in the witness box and spoke with
third parties while giving testimony. Mr
Davis again emphasised that she has
not discussed matters she is giving evi-
dence on, but has, as petitioner, con-
tinued to make inquiries surrounding
various parties.

Mr Smith attempted to continue
argument on the point, suggesting that
Ms Bridgewater has done something
quite improper on the issue. However,
Senior Justice Allen told Mr Smith to

TWO-YEAR-OLD Jermario Rolle was diagnosed with Fanconi-Bickel Syndrome





Zhivargo Laing

move on from the point on several
occasions.

She said that the issue is on record
and that at the end of the day the jus-
tices will resolve the matter in terms of
witness credibility.

Mr Smith was told to move on from
lines of questioning on several occa-

“ sions by Senior Justice Allen for repeat-
ing questions after Ms Bridgewater had
already answered.

On one occasion the Senior Justice
said that though he — Mr Smith — may
not like the answer, he cannot keep re-
‘asking the question.

The issue of when Ms Bridgewater
knew about the ineligibility of voters







Fashions &
Accessories

by
TADASHI

exhausted almost all avenues ness,’

in seeking financing for the
boy’s medical treatment.

Speaking with The Tri-
bune, the boy’s mother,
Abvadale Thompson, said
that one of the symptoms of
FBS is rickets — a softening of
the bones, which can lead to
fractures and deformity.

Ms Thompson said that her

She explained that she and
her daughter have so far
approached banks and the
Bahamas Heart Foundation,
without success.

“The Heart Foundation
told us they don’t deal with
his condition. All the bank
did was offer us a loan. (My
daughter) doesn’t work, and

er some symptoms can be
treated with a special diet
and other medication.

Long-term follow-up stud-
ies of nine persons with FBS
showed severely retarded
growth, partly compensated
for by the late onset of
puberty.

The.family of two-year-old
Jermario can be reached at



was also an issue yesterday.

Regarding Caroline Pierre, a voter
being challenged based on citizenship
by Ms Bridgewater, the petitioner said
that she had a search done, but found
nothing to confirm that Pierre is a citi-
zen.

This included, said Ms Bridgewater, a
search for Pierre’s birth certificate and
a check for records at the hospital. No
records were found in either case to
substantiate that Pierre is a citizen,
according to Ms Bridgewater. Similar
searches for documentation, she said,
occurred from June 2007, to about two
weeks ago.

Mr Smith suggested that in her affi-
davit, which was filed in June 2007, Ms
Bridgewater said she knew of the inel-
igibility of the voters in question on
May 2, while in her testimony yester-
day, she said that searches were only
conducted on the voter beginning in
June last year.

Ms Bridgewater rejected this inter-
pretation of the language in her affi-
davit, and said that it was brought to her
attention after the election that the peo-
ple on her list were ineligible to vote on
May 2.

On the issue of the basis of Hier citi-
zenship challenges, Mr Smith also asked
the petitioner if she intended to seek to
claim non-residence in the case of these
voters if the citizenship challenges fail.

Ms Bridgewater said the case of
Pierre is being challenged on the basis
of citizenship and added that she can .
only speak to this issue one voter at a
time.

The cross-examination of Ms
Bridgewater continues this morning at
10am.





LJ ommcamstet vente

Bytablidhed m1 1956 by an Gace
Ferfiamne Bireel (woe: Hy Te SE 5555 ow 32-7157

US.-Iran hostage crisis.
Investors, sensing that oil
production would remain

son has already suffered from

I only make $175 a week, we
several broken bones, espe-

can’t afford a loan,” she said.

telephone numbers, 429-
5711, 322-6304 or 325-3420.
Donations can also be made

Bhrrlerur Gece

{ext to Lafond Cay Real Ea

aie na hs



unchanged, pushed oil low-
er Tuesday.

Light, sweet crude for
April delivery fell $3.02 to .
$99.43 on the New York
Mercantile Exchange.

“Because of the economic
slowdown in the United
States — which is affecting
world economic growth and
world demand on oil this
year — I don’t think OPEC
will consider increasing its
production,” Khelil told
reporters. “Stocks are very
high ... and we are going to
have less demand in the sec-
ond part of the year.”

Pressure has mounted on
OPEC to raise output,,.
which could help pull down
prices which have hovered
above $100 for weeks.

Reaction was muted in -
the United States, where the
average price for a gallon of
gasoline has reached $3.16.

“Oil-producing countries
should work to keep the
markets well supplied. And
right now we have extreme-
ly high demand and tight
supply,” White House press
secretary Dana Perino said.

Since demand typically
eases in the second quarter,
however, OPEC was widely
expected to take no.action
at Wednesday’s meeting in
Vienna.

cially in the area of his
ribcage, but that so far all
breaks have healed without
difficulty.

Also due to the genetic
disorder,-she said, her son
cannot process glucose or lac-

- tose. This hinders his growth,

she explained.

To help him grow like nor-
mal children his age, Jer-
mario needs to be given a
special nutritional formula.

Ms Thompson said that
sold directly from the manu-
facturer, a month's supply of
the formula costs $400, how-
ever, sold through retailers,
one case can cost up to $800.

In addition to the formula,
Ms Thompson said that her
son also has to return to
Florida in April to see more
specialists.

Jermario’s mother said she
has also been advised by doc-
tors to admit her son to a
special clinic for a few weeks.
A stay at a clinic, however,
would cost $20,000 and more,
she said.

Jermario’s grandmother,

’ Brenda Rolle-Thompson,

said that no Bahamian insur-
ance company is willing to
ensure her grandson.

“He’s just too expensive
for them, no one wants to
insure him because of his ill-

Mrs Rolle-Thompson said
that she will now begin
appealing to the country’s
churches in hopes that one
of them will want to donate

funds to defray Jermario’s .

many medical bills.

According to the Gale
Encyclopedia of Genetic Dis-
orders Part I, the FBS dis-
ease — also known as glyco-
gen storage disease type XI -
is believed to occur in less
than one in one million
births.

Since it was first discovered
in 1949, only a few dozen cas-
es have been studied, most
in the United States, Europe
and Japan.

“Onset of FBS is within the
first year of life, with the
overt symptom being a fail-
ure to thrive. At age two, an
enlarged liver and kidneys
are present and the child has
rickets.

“One common thread in
some of the cases that have
been studied has been con-
sanguinity, meaning that FBS
is found in the children of
two persons of the same
blood relation. In several of
these cases the consanguinity
is between two first cousins,”
the encyclopaedia states.

There is no effective treat-
ment for the disease, howev-

to the FINCO bank account
of Brenda Thompson-Rolle,
number 2081822.



ena info! cohen coe * FO, Boor M12



Taliween Mie gh Hed
PAGE 4, WEDNESDAY, MARCH 5, 2008 THE TRIBUNE

EDITORIAL/LETTERS TO THE EDITOR

The Tribune Limited | BCB Chairman
responds to
‘dastardly’
diatribe

EDITOR. The Tribune.



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

SIR ETIENNE DUPUCH, Kt. 0.B.E., K.M,, K.C.S.G.,
(Hon.) LL.D., D.Litt.

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to.Saturday

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

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

percentage of the receivables

Nassau Fax: - (242 328-2398
Freeport, Grand Bahama: 1-(242)-352-6608
Freeport fax: (242) 352-9348

PLP work on court complex faulty

IN THE HOUSE of Assembly last Thurs-
day Mr Desmond Bannister, Minister of State
for Legal Affairs, told the House that if the
results of preliminary testing are confirmed
many of the load bearing walls of the Magis-
trate’s Court complex at Nassau Street might
have to be torn down.

This means that the interior walls will have to
be pulled down to the first floor and construc-
tion started all over again on a much-needed
complex that the PLP government promised
would be ready for use by November, 2006.

The project was budgeted for $5 million. So
far about $2 million has been spent and, Mr
Bannister told the House last year, Bahamian
taxpayers will have to pay an additional $1.2
million because of “the PLP’s mismanagement
of the contract.”

Said Mr Bannister on Thursday: “Most
recently, concern has been raised that under
the former administration works were permitted
to proceed on the building with concrete blocks
which do not meet the minimum compressive
strength.

“The fear is that if the results of the prelimi-
nary testing are confirmed many of the load

bearing walls may have to either be pulled down .

or reinforced prior to any further construction
proceeding.

“To do otherwise,” he continued, “raises the __

spectre of an unimaginable nightmare being
visited on our people if these walls were to col-
lapse on an occupied courtroom.”

Mr Bannister hoped that the complex would
be “substantially or totally completed this year.”

Mr Bannister gave his update on the court ,

when speaking on the mid-year budget state-
ment last week.

Last year, speaking during the debate on
government’s 2007/08 budget, Mr Bannister
was replying to accusations by the former PLP
government about the suspension of a number
of building contracts.

The PLP had been out of office a month
when the new government presented its first
budget.

At the time the PLP had accused the new
FNM administration of being “reckless of
putting Bahamians out of work and of commit-
ting a number of other unpardonable sins.”

Mr Bannister said that the Nassau Street
magistrate’s court complex was a prime exam-
ple of why the previous government’s contracts
had to be suspended and reviewed.

In the 2006 budget debate then Attorney
General Allyson Maynard Gibson said she
expected the complex to be completed in
November 2 :

“As with many other projections by that for-

mer minister,” Mr Bannister said at the time,
“this completion date was wrong, and justice has
paid the price of this delay.”

Mr Bannister said he was told by the Ministry
of Works at that time that “millions of dollars
have been spent on this complex, which is still
not even close to being completed.”

As to putting Bahamians out of work, Mr
Bannister told the House in the 2007 debate,
that he was told “this work site has been a mini-
United Nations, with workers being imported
from a number of other countries to do work
that Bahamians could easily do.

“In fact, when I visited the site several
Dominican workers hid from me, while the few
Bahamians who were there asked me how could
the Immigration department permit these for-
eign workers to be imported for routine every-
day work while hundreds of Bahamian masons
and carpenters are looking for work.

“So, we can see,” he concluded, “why the
other side doesn’t want these contracts to be sus-
pended and reviewed, but we are acting in the
best interest of Bahamian workers and taxpay-

”

ers.
OR KK
‘Grass’ on Bay Street

Over the weekend a visiting Austrian couple

returned to Vienna after a 10-day visit. Dis-

cussing their holiday here they laughingly told
the following story.

One day they were on Bay Street when a

‘man sidled up to them. He whispered some-

thiny to the male visitor, who did not understand
what he was saying.

Asking him to repeat himself, the Bahamian
made his offer in a slightly louder voice.

Still not comprehending, the visitors” asked
him to again repeat himself.

Each time he was asked to repeat, his voice
with his offer got louder, so loud in fact that a
small circle of amused onlookers gathered.

The Bahamian by now was almost shouting
his request.

Although the Austrians spoke good English
and understood the words, they could not
understand why the man wanted to sell them
“grass” or “weed.”

When someone explained to them that they
were being offered drugs, the visitors shooed
him off and walked quickly away.

If, we asked, this little drama could attract a
small crowd of onlookers, didn’t it attract a
police officer to make an arrest?.“Oh, no,” was
the reply, “we saw no police. But I can tell you
ther~’s a lot of grass on Bay Street! The pushers
are very active.”

It is now up ta the police to get the hustlers
off this island’s main thoroughfare.



Kindly allow me equal
space in your publication to

respond to a most dastardly _

attack levelled at me person-
ally and in my capacity as
chairman of the Broadcasting
Corporation by one Elcott
Coleby.

I can't say that I know the
good gentleman. I have nev-
ertheless concluded, based on
his public utterances as car-
ried in the press, that he fits

the genre of political hack. -

Unable to find anything in the
message issued in response to
the PLP spokesman's publicly
reported untruth that a for-
mal letter of protest had been
delivered to ZNS on Thurs-
day, February 21, Mr. Coleby
resorted to attacking me
instead.

In fact, the said letter was
only hand delivered to the
eo by Ms. Paulette
Zonicle February 28, a full
week after the spokesman
claimed it had been delivered.

I wish to note, before con-
tinuing with my response to
Mr. Coleby, that I hold the
highest regard for Mrs. Cyn-
thia Pratt who I have known
the better part of 60 years and
who I consider to be a per-
sonal friend.

We both grew up in the
environs of the Southern
Recreation Ground.

Her husband, Joe, and I
worked together. We played
softball together.

Returning to Mr. Coleby,
I believe the need to have
stressed a requirement for
“things to be done in good
order” to be a mandate of
ZNS will be more evident in
short order.

The task which the Gov-
ernment has assigned to the
present board to transform
ZNS from a state broadcaster
into a public service broad-
caster (Mr. Coleby may not
appreciate the distinction)
would be daunting at the best
of times.

LETTERS

letters@triounemedia.net



Given the fact that audited
financial statements were not
prepared for the Corporation
during the most recent five
year period makes the task
that much more challenging.

Audit of the 2002 accounts, :.

the last set of audited finan-
cials for ZNS, was completed
early in 2003.

No accounts have been
audited since.

In fact, accounts for 2003
and succeeding years are only
now being put into order to
facilitate auditing.

A rather ambitious goal of
putting five years of accounts

’ in order for auditing within 18

months of the board's
appointment has been estab-
lished.

Sums owing the Corpora-
tion, inclusive of sums due
from political parties as put
into the public domain by oth-
ers, exceed $2,000,000.

Lack of fiscal prudence dur-
ing the past five years may
well mean that a significant

shown on the Corporation's
books will prove impossible
to collect.

Notwithstanding the fore-
going, recognizing the drain
ZNS has been on the public
purse, Prime Minister Ingra-
ham now requires the board
to fashion its suit from a rather
tiny piece of cloth.

I am confident that the
members who serve on the
board with me are fully up to
the challenge.

The task will be made much
easier if those who owe the
Corporation significant sums
settle their accounts.

We will not allow state-
ments by those who seek to .
pursue a political agenda to
deter us from pursuing our
mandate.

If, in the process of respond-
ing to critics, statements of fact
are seen as being political, that
is regrettable.

I suppose the truth hurts.

Michael R. Moss

Chairman,

Broadcasting Corporation
of the Bahamas

Freeport,

March 3, 2008

Some ideas for
preventing crime

EDITOR, The Tribune.

AS A frequent visitor to your country, I would like to express
some solution-oriented ideas on crime prevention. Crime is

high in the USA.

Even if you are a loner, you can make a difference by moni-
toring and reporting criminal activities to the police, looking out
for children going to school, being a look out for your neigh-
bours’ homes, community safety patrols and positive spiritual

thoughts.

I have personally used these methods and welcome any addi-

tional suggestions.

MARTIN
DANDRIDGE
February, 2008.

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THE TRIBUNE



In ,

Off-duty
paramedic

is slain when
gunman opens
fire at Florida
Wendy's

@ WEST PALM BEACH, Fla.

PARAMEDIC _ Rafael
Vazquez left a training course
on how to help when several
people are hurt at one time, and
went to lunch at a nearby
Wendy’s. He became exactly
the kind of victim he was being
trained to save.

As Vazquez stood at the
counter wailing to exchange a
promotional toy for his child,
he was shot point blank in the
back by a gunman wearing a
jacket, tie and baseball cap,
according to Associated Press. :

Vazquez died. Four others’ :
were wounded during the lunch
hour rampage Monday, and the
60-year-old gunman — Alburn
Edward Blake of West Palm
Beach — committed suicide.

Investigators were still unsure
why Blake, a handyman and
maintenance worker, chose the
crowded restaurant, or why he
staged the seemingly random
attack.

“This was not a robbery. He
didn’t demand anything,” said
Paul Miller, a Palm Beach
County sheriff's spokesman.
“Looks like this was just anoth-
er random shooting like we’ve
seen around the United States.”

Miller said Blake had no rela-
tion to anyone at the restaurant
and no suicide note was found.
“We don’t know why he picked :
this location to do this horrible;
deed,” Miller said. oe

Blake’s daughter declined to
comment when reached by
phone Tuesday at the home of
his estranged wife, Deborah.
No one answered the door at
their apartment.

Vazquez, the slain off-duty
firefighter, “probably didn’t
even see” Blake coming, said
Palm Beach County Fire-Res-
cue Deputy Chief Steve Delai.
Vazquez’s wife and child were
outside in the parking lot.

Vazquez, 42, who had been
promoted to lieutenant in Jan-
uary, was on a lunch break
Monday and had been attend-
ing a course called “Strategy
and Tactics.” Delai said the
course teaches officers how to
“manage large-scale incidents
like we had today.”

Witnesses said Blake entered
the restaurant and went to a
restroom. He appeared nervous
when he emerged and killed
Vazquez. He died at the scene
without ever uttering a word.

The injured — Louis Rader,
65; his wife, Antonia, 62; Vanes-
sa Soto, 16; and Carl Michalek,
43, of Killeen, Texas — were
hospitalized in stable condition,
Miller said. Two others suffered
minor injuries.

Bob Bertini, a Wendy’s Inc.
spokesman based in Dublin,
Ohio, called the shooting “a
senseless tragedy.” i

The mayhem unfolded ona =:
major suburban road lined with
strip malls, car dealerships and
fast food restaurants, about five
miles from downtown West
Palm Beach.

Josh Maynard, 30, said he
and his 20-year-old brother Jer-
ry hit the floor when Blake
opened fire. Jerry Maynard said
the shooter held his gun side-
ways, repeatedly pulling the
trigger, and said nothing.

He emptied at least one clip
before shooting himself in the
head.

“T just saw a lady with a little
boy in her arms come running
out screaming ’Somebody’s
shooting!” said Sandra Jack-
son, 43, of Palm Springs, who
had been getting gas across the
street.

Authorities called one cus-
tomer a hero for kicking the
gunman’s pistol away after he’d
shot himself and then starting
first aid on the wounded.

Neighbors described Blake
as a quiet man who “kept to
himself.” Public records show
that Blake owned. a mainte-
nance and’handyman company



- until 2003. The Palm Beach

Post reported in 1996 that he
accidentally ran over an 18-
month-old girl with his van,
seriously injuring her.

Michele Grippe watched
police search Blake’s apartment
after the shooting. “The only
thing they took out of the house
was a bag of pills,” Grippe said.

Vazquez’s wife was a law
enforcement officer, a corporal
at the nearby Palm Springs
Public Safety Department. The
couple had one child together
and four from previous rela-
tionships.

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822-2157 —.



LOCAL NEWS

WEDNESDAY, MARCH 5, 2008, PAGE 5

CARICOM leaders look at furthering



development in the Caribbean

m@ By LINDSAY
THOMPSON

THE rising cost of living,
external trade negotiations,
and security issues are high
on the agenda of Caribbean
leaders as they meet in the
Bahamas to discuss the way
forward for the region.

The issues will be dis-
cussed at three high-level
meetings of the Caribbean
Community (CARICOM) -
the Council for Trade and
Economic Development
(COTED), the Council for
Finance and Planning, and
the 19th Inter-Sessional
Meeting of the Conference
of Heads of Government of
the Caribbean Community.

Items on the week’s agen-

da were discussed with. the .

media during a press con-
ference attended by Secre-
tary General of CARICOM

Dr Edwin Carrington;
Ambassador Irwin
Larocque, assistant secre-
tary general for trade and
economic’ integration,
CARICOM Secretariat; and
Dr Maurice Odle, economic
advisor to the secretary gen-
eral, CARICOM Secretari-
at on Monday.

The two main issues for
COTED are the rising cost
of living in the region, par-
ticularly as it relates to
“food basket items” and
how to provide relief by
reducing import duties.

Other issues being dis-
cussed are the status of

external trade negations -

including the establishment
of an Economic Partnership
Agreement (EPA) with the
European Commission, on
December 16, 2007.
“COTED ministers man-
dated that we need to take a

Bahamian student set to
chair planning committee
for event at Princeton

BAHAMIAN Student Adri-
an Archer has been selected to
chair the planning committee
for the 2008 commencement
exercises to be held this spring
at Princeton University.

Mr Archer is in his final
semester as a student of Sacred
Music and Liturgy at West-
minster Choir College, Prince-
ton, New Jersey.

“Adrian was one of four stu-
dent representatives selected
from the undergraduate and
graduate class to join the com-
mittee which includes the direc-
tor of choral activities and the
Deans of the college ,” said
Benjamin Bouton, president of
the 2008 class: “He was the nat-
ural selection to chair the com-



review of the region’s
approach we used in prepar-
ing for negotiations and to
project for the future the
lessons that we would have
learnt of how to undertake
our future negotiations,”
Ambassador Larocque said.
“We are not doing a review
of the EPA itself, but more
of the process of negotia-
tions.”

The main issues for dis-
cussion at the COFAP level
is the operation and financ-
ing of the Caricom Single
Market and Economy, and
various specific issues as it
relates to economic devel-
opment in the region.

“With respect to the
CARICOM Single Market
and Economy, one aspect
relates to our development
of a strategic plan for the
regional development,” Dr
Odle said. “We actually for-
mulated a single develop-
ment vision for the
Caribbean region, which is
an expression of the single
economy process. We are
also in the process of devel-
oping a strategic plan which
is based on the results of the
single development vision.”

Another issue on the
agenda is the interconnec-
tivity of the stock exchange
system in the region, he
said.

“Capital market integra-
tion is an important: policy
objective and we have been
struggling for some years to
develop a single stock
exchange system,” Dr Odle
said.

There are two sub- -region-
al stock exchanges — one
involving: Barbados,
Trinidad and Tobago; and
Jamaica and the other, the
Organisation of Eastern
Caribbean States (OECS).

“The other stock

..exchanges of the Bahamas,

Guyana, and Suriname

’ would have to make a deci-

mittee because of his wealth of knowledge i in the music, his style and... >.
we believe he can be trusted to guide the process in the right
direction while dealing with the various personalities that make t up

the group.”

“I’m excited and a little nervous about this opportunity,”

said Mr

Archer. “Commencement at our university is steeped in a tradition
of excellence, and music thai is well planned, rehearsed and exe-
cuted to the last note. Our duties will include the selection choral
anthems, hymns, readings, music for the brass and orchestra, and

speakers.

“It is a nerve-wracking task to follow up on the years gone

before,” he said.

“Adrian has really excelled as a member of the Westminster
and Princeton community,” said Joe Miller, director of choral
activities at Westminster. “He has led the tenor section in our
debut at the 2007 opening night at .Carnegie Hall when we per-
formed Beethoven’s Ninth Symphony with the New York Phil-
harmonic as well as Mahler 2nd (The Resurrection Symphony) with
the Lucerne and Cleveland Orchestras. Now he is serving an
internship with the New York Philharmonic and the New York
Choral Society and will soon be staging Beethoven’s “Mass in C”

under his baton.”

Mr Archer, a scholarship student of the scared music department, '

has led department-wide lab and chapel services on both the
Princeton and Lawrenceville campus.

He has served as assistant editor of the Westminster Journal, asso-

ciate conductor of the Westminster Glee Club, founding presi-
dent of RUCAST, the campus arts management organisation and
is a member of music fraternity Phi Mu Alpha Sinfonia.

Mr Archer also serves as associate conductor and tenor section
leader at All Saints Episcopal Church, Princeton and recently led
the All Saints choir on a music exchange with the choir at his
home parish of St George’s in Nassau. That exchange will take place
again this year when members of St George’s, as well as the Archer
family members, travel to Princeton for Adrian’s voice recital and
commencement. “I think that’s what, 1 am more nervous about
than anything else,” said Archer. I’ve never given a solo recital of
any kind so to do it the evening before commencement with my
family and friends present is a real scary thing.”

The Commencement exercises take place in the grandeur of
the Princeton University Chapel on May 10 at 10.30am.

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sion as to which grouping
they would attach them-
selves to,” Dr Odle said.
Talks will also centre on
the development of a
Tourism Investment Fund,
and a Caribbean Catastro-
phe Risk Insurance Facili-

ty.

Council for Economic Trade
and Development meeting

At the end of COTED
and COFAP meetings, a
document will be presented
at the 19th Inter-Sessional
Meeting of the Conference
of Heads of Government of
the Caribbean Community
for discussion on March 7
and 8.




Patrick Hanna/BIS

DR EDWIN CARRINGTON, Secretary General of the Caribbean Commu-
nity (CARICOM) and Ambassador Irwin Larocque, assistant secretary
general for Trade and Economic Integration, CARICOM Secretariat, at
the Council for Economic Trade and Development meeting on Monday
at the Sheraton Cable Beach Resort.



DELEGATES from thé'Caribbean Com UBY attend the.Council for
Economic Trade and Development meeting.



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PAGE 6, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE











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



entrepreneurs to optimistically

contribution to our society.

326-4234

Qo




G








iTS AGS




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}

BISHOP AMOS CARTY, SR.
of 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
with the Bahama Brass Band, the Youth
3:ass Band, the Junior Brass Band, and the
Crusaders Brass Band from the Church of
God
LOG ON TO:

www.cogopbahamas.org

FOR LIVE WEBCAST EVENING SESSIONS

Share your news











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An “eagle eye” on the appropriate and
realistic engine, also components for local
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“March 9-16, 2008 - East Street Tabernacle

“WALK WITH GOD”





@ By DENISE MAYCOCK
Tribune Freeport

Reporter
dmaycock@tribunemedia.net

FREEPORT - The Min-
istry of Tourism is launching
its ‘Konch and Kalik’ pro-
gramme for college students
on spring break in Grand
Bahama.

Ministry of Tourism (MOT)
representative Omar Isaacs,
marketing officer for sports
tourism and special events,
announced that the spring
break 2008 has begun, with
some 300 students expected.







alone.
He said that the Ministry of



i




























Micah 6:8

Monday, March 10th, 2008

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



Sunday, March 16th, 2008

Annual Parade & Water Baptismal Service at
the Western Espianade, follawed by live
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

on the island during this week |



Tourism Ministry
‘Konch and Kalik

Scheme targets college students in Grand Bahama

Tourism has partnered Stu-
dentCity.com, Burns House
and the Royal Bahamas Police
to ensure that spring break-
ers have a fun and safe expe-
rience while on Grand

Bahama.

The second annual ‘Konch
and Kalik’ spring break pro-
gramme will be held at the
Xanadu Beach grounds on
March 5, 10, 14, and 18.

A number of activities are
planned for students between
noon and 4pm.

Mr Isaacs said that a vari-
ety of conch dishes will be on
offer, as well as Kalik beer and
Kalik souvenirs.

Although the month of

March is usually a slow period
‘for tourism, Mr Isaacs said

that spring breakers are
important because they are
considered “investment visi-
tors” who are expected to
return to Freeport after com-
pleting college to get married
and/or spend their honey-
moon.

He noted that the Ministry
of Tourism has enjoyed a very
successful partnership with
StudentCity.com, which has
been providing Grand
Bahama with the bulk of its
spring break visitors for the




Derek Smith/BIS

launches spring

past few years.

He said that the Konch and
Kalik programme was intro-
duced last year. Due to its suc-
cess, it is being offered by Stu-

dentcity.com as part of their .

spring break package to
Freeport. —-

Mr Isaacs reported that by
week two, the number of
spring break visitors should
increase to 600.

“Tt will drop back down to
300 during, the third week, but
during the last week of the
events we are projecting
between 650 and 700 students
at Xanadu Beach,” he said.

Burns House executive
Clement Knowles said that the
company is again pleased to
be a partner of the Ministry
of Tourism this year.

He stated that in addition
to Kalik Beer, souvenirs such
as Kalik cowbells, shakers, T-
shirts and cups will be avail-
able for students.

Mr Knowles stressed that
Burns House will also assist
in ensuring that students have
a fun time, and that everyone

drinks responsibly.

“We are again very pleased
to be a part of this event to
promote spring break on
Grand Bahama. Kalik, being

’ programme



“We are again
very pleased to
be a part of this
event to promote
spring break on
Grand Bahama.
Kalik, being the
original
Bahamian beer,
continues its
assistance in
promoting

everything

Bahamian and is
expecting a very
successful spring
break.”



Clement Knowles

the original Bahamian beer,
continues its assistance in pro-
moting everything Bahamian
and is expecting a very suc-
cessful spring break,” he said

Grand Bahama Chamber of Commerce
seeks closer ties with the government







COURTESY CALL: Pictured from left are: Mr W Greg Langstaff, GB Chamber 1st vice president; Senator Smith;
Mr Gregory Moss, president; and Mrs Mercynth Ferguson, executive director of the GB Chamber of Com-
merce.

@ By Simon Lewis

FREEPORT — The Grand
Bahama Chamber of Com-
merce is seeking to establish a
closer working relationship
with the government.

To this end, Chamber exec-
utives yesterday paid a cour-
tesy call on Parliamentary Sec-
retary in the Office of the
Prime Minister Senator
Katherine Smith.

Senator Smith met with
Chamber president Gregory
Moss; first vice president W
Greg Langstaff and executive
director Mercynth Ferguson.

She and the executives dis-
cussed a number of matters,



including the Hawksbill Creek
Agreement.

Mr Moss said the Chamber
was grateful for the mecting
and the opportunity to con-
firm and reiterate the desire
of Chamber of Commerce to
have a very constructive work-
ing relationship with the gov-
ernment on mutual interests
in Grand Bahama.

He affirmed that the Cham-
ber stands ready to “construc-
tively participate in develop-
mental processes on Grand
Bahama.”

The Chamber, he'noted, is
encouraged by the develop-
ments it sees happening in



Vandyke Hepburn/BIS



Freeport and pledges its sup-
port in partnering with the
government to do whatever it
can to foster development.
Senator Smith agreed that
it is important for the Cham-
ber and the government to
have this kind of relationship,
and to be able to work togeth-
er to determine positive
achievements that can be
realised for Grand Bahama.
She expressed hope that the
Chamber will look into
increasing its number of mem-
bers from the business sector
in east and west Grand
Bahama. Mr Moss said such
efforts have already begun.
THE TRIBUNE

loss from
RBG teal

PORT of Spin,

Trinidad — anRoyal
Bank of Canza con-
firmed todayaat no
employee wilose their
job as a resu of the pro-
posed amalanation of
RBYT and.BC’s
Caribbean perations.

Executiss from both
organisatias gave assur-
ances to t's effect during
a joint nes conference at
the Hilto Trinidad and
Conferere Centre, where
they proaded an update
on the poposed transac-
tion.

“J wald like to reaffirm
what w said back in
Octobc: No one will lose
his or er job as a result of
this aquisition,” said
Peter\rmenio, RBC head
of Usand international
banlag. “Without a
doul this transaction is
abol expansion and
groth.”

IBC’s Head of
Cabbean banking Ross
MoOonald said the amal-
garation fits well with
RC’s Caribbean growth
sfategy. “During the last
to years our staff com-
yement in the Caribbean
hs grown by approxi-
yately 15 per cent,” he
cid.

The board of RBTT
Fnancial Holdings Ltd
hs unanimously recom-
rended the deal, and
IBTT shareholders will
zeet on March 26 to vote

‘ait.

RBTT Group chairman,

eter July said, “The com-
ination of RBTT and
{BC operations in the
Saribbean represents a
omplementary and excel-
ent fit, and will be mutual-
y beneficial to both com-
yanies. It will create an
extensive Caribbean bank-
ing network with assets of
$13.7 billionsand a pres-
ence in 18 countries, span-
ning the region from the
Bahamas in the North to
Suriname in the South.”

RBC’s Caribbean oper-

- ations will ultimately be
headquartered in Port of
Spain, from where further
expansion within the
Caribbean Basin will take
place. “The relative size of
RBTT, and its local mar-
ket leadership, knowledge
and insight are critical
components of this deci-
sion,” said Mr Armenio.

With 130 branch offices,
the new group will serve
more than 1.6 million
clients through close to
7,000 employees.

Following the integra-
tion of the two businesses,

Suresh Sookoo, RBTT
group CEO, will become
CEO of RBC’s Caribbean
operations.

“The RBC Caribbean
management team is look-
ing forward to working
together with Suresh and
his team to build an organ-
isation that is greater than
the sum of its parts,” said
Mr Armenio.

Mr Sookoo closed the
news conference, saying
“Through this amalgama-
tion with RBC, we believe
we will build a Caribbean
Jeader, based here in
Trinidad and Tobago, that
will have unlimited poten-

_tial for growth.”

Share
your

mews

The Tribune wants to hear

from people who are
making news in their

j neighbourhoods. Perhaps
you are raising funds for a
good cause, campaigning

| for improvements in the
area or have won an
y award.
If so, call us on 322-1986
ane share your StOrY.



LOCAL NEWS

WEDNESDAY, MARCH 5, 2008, PAGE 7

New radar technology and deep



harbour proposed for HMBS Inagua

ml By MATT MAURA /

THE government says it is
reviewing proposals for the
deployment of radar technol-
ogy in an effort to improve
the country’s coastal surveil-
lance capacity, particularly in
the southern-most islands.

On Sunday, Minister of
National Security Tommy
Turnquest announced that
plans “are in hand” to dredge
the harbour in Inagua and
make improvements to the
onshore facilities at HMBS
Mathew Town, designed to
make the base “fully opera-
tional and effective.”

Addressing the annual Roy-
al Bahamas Defence Force
Church Service, this year com-
memorating the force’s 28th
anniversary, Mr Turnquest
said the measures are part of
government’s strategic deci-
sion to decentralise the
Defence Force from New
Providence. He said the
force’s law enforcement capa-
bilities will be enhanced
throughout the Bahamas
through the establishment of a
series of bases in the south-
ern, central and northern
Bahamas.

“That decentralisation
began several weeks ago with
the commissioning of two, 27-
foot vessels,” Mr Turnquest
said. “The vessels at HMBS
Inagua are part of the gov-
ernment’s phased sea and air
assets acquisition for the
Defence Force. To this will be
added four interceptor craft



Tommy Turnquest

to be donated by the govern-
ment of the United States of
America under the Enduring
Friendship Programme.”

Mr Turnquest said the force
has developed into a “decid-
edly different” one since its

inception in 1980; a develop-
ment that has been charac-
terised by continuity on the
one hand and significant
change on the other.

That change, he said, has
had to take place as a result of
“significant changes” in the
context in which the Defence
Force carries out its mandate
to protect the sovereignty and
territorial integrity of the
Bahamas, and enforce the
country’s maritime laws.

“The challenges of illegal
migration, illicit drug traffick-
ing and poaching now joined

Balmy winter breaks
records in Europe’s north

lM STOCKHOLM, Sweden

ICEBREAKERS sit idle in ports. Insects crawl out of forest hide-
outs. Daffodils sprout up from green lawns, according to Associated

Press.

Winter ended before it started i in Europe’s north, where record-
high temperatures have people wondering whether it’s a fluke or an

ominous sign of a warming world.
‘recorded, said John Ekwall of the

“It’s the warmest winter ever’

Swedish Meteorological and Hydrological Institute.
In December, January and February, the average temperature in
Stockholm was 36 degrees — the highest on record since record-keep-

ing began in 1756.

Record winter highs were set at 12 other locations across the
country, according to the national weather service, SMHI.
Across the Baltic Sea, Latvia and most of Finland reported the

warmest winter since 1925.

Latvia saw an average temperature of about 33 degrees, nine
degrees above normal, according to the national meteorological

agency.

Southern Finland had only 20 days of snow, compared to 70 days

ie normally, while neighboring Estonia had to cancel a popular cross-

country ski marathon in the southern city of Tartu in early February.
“T don’t remember winter like this. We had almost no snow at all

in February,” s

said Merike Merilain, chief weather forecaster at

Estonia’s meteorological institute, EMHI.

“It’s been emotionally very stressful, especially to many older
people, that it’s dark and rainy all the time,” she added.

In Norway, the average temperature in February was the second
highest on record, 8 degrees above normal.

Experts are careful not to blame global warming, noting that a
warm winter could be followed by a cold one.

The Finnish Meteorological Institute said the mild winter partly

resulted from strong southerly and westerly air currents caused by

exceptionally warm surface temperatures of the Atlantic.
Nevertheless, the higher temperatures have only fueled concern
that greenhouse gasses are changing the climate, especially in the sen-

STER

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by an equally dangerous trade
in illegal weapons, is increas-
ingly determining the orien-
tation of the Defence Force,”
Mr Turnquest said.

“We also look to the
Defence Force to meet critical
national demands in disasters
and emergencies. Increasingly,
the Royal Bahamas Defence
Force is co-operating with the
Royal Bahamas Police Force
and the Department of Immi-
gration over a broad range of
issues, including illegal immi-
gration and public distur-
bances. The force must now
be viewed as a seagoing,
Bahamas-wide agency,” Mr
Turnquest added.

Mr Turnquest said the gov-
ernment is committed to
ensuring that the force is prop-

erly prepared to meet its
responsibilities in the
Bahamas, the region and
internationally. He said what
is required of the members of
the RBDF is “unequivocal
support of and commitment
to” the strategies being put in
place to protect the country.

“We need you to serve at
our Family Island bases. We
need you to go to sea. We
need you to be ready to par-
ticipate in operations through-
out our archipelago,” Mr
Turnquest said.

The national security minis-
ter said he is “confident” that
the men and women of the
force will heed his call.

“T am confident too, that
you will fully support a strong,
unified and participatory

Force in which the command

‘structure moves from the

senior levels down and one
where good ideas, views and
opinions move from top down
and bottom up,” Mr Turn-
quest said.

“The Royal Bahamas
Defence Force has accom-
plished much over the past 28
years through determination,
hard work and sacrifice and
through the support of fami-
lies.

“As minister of national
security, you can count on my
full co-operation and support
in your continued initiatives
and work to make the Royal
Bahamas Defence Force the
most effective and efficient
institution that it can be,” Mr
Turnquest said.

ateeeeceeesseceeaeeescesesere Nececcececcccecccceceececcecenceaeeseseeseetessesesseseeeseneesensnseeseseeseseesseseseee nse neneseseneeseeseensene esses ses es eases ese senseeseaseserarsnansercsane reese reyesaes

African American Health Institute
_Pays courtesy call on minister





Tim Aylen/BIS



MINISTER OF National Security Tommy Turnquest, front right, sits with members of the African
American Health Institute as they paid a courtesy call on the Ministry of National Security yesterday.







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PAGE 8, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



HANDLED PROPERLY, PRIVATISATION HAS WORKED WELL IN THEWORLD

Wanted: Great moderniser

ISTENING to
political leaders
and _ financial
experts these
days can give you a creepy
feeling. That's because they
all give the impression that we
are in for a serious economic
crunch — when the chips will
be down and the chickens
finally come home to roost.

Inter-American Develop-
ment Bank Chief Luis Alber-
to Moreno says regional
economies have under-invest-
ed in infrastructure for years,
curbing economic growth in
the process.

To catch up, we will have to
more than double our spend-
ing on capital works, and keep
spending at that level for a
long, long time.

"(Caribbean states) need
to spend between 4 and 7 per
cent of GDP per year for the
next two decades in order to
have high-quality infrastruc-
ture that can become the
backbone of development,"
Moreno said, in his economic
outlook for 2008. That trans-
lates into hundreds of millions
a year for us.

Of course, the IDB is in the
business of financing infra-
structure — they loaned out
almost $10 billion to regional
governments and businesses
last year alone — so maybe
we should expect Moreno to
be saying that. But he is not
alone.

With the Bahamas current-
ly unable to withstand a major
economic downturn, Colina
Financial Advisors says our
leaders must take some bold
and difficult decisions in terms
of governance, education
reform, economic restructur-
ing and infrastructural
improvement.

And at a recent eouiterence:
KPMG managing partner’,
Simon Townend echoed the
call for structural reform, say-
ing we have to invest at least
$2 billion in transport, health,
education and other sectors
to remain competitive.

Both Colina and KPMG
argued that the Bahamas
should develop a national
business plan with an agreed
vision and aggressive targets.

Infrastructure plays a criti-
cal role in every aspect of
development.

It dictates how we move the
people and goods that help
keep an economy alive.

And most would agree that
we need to invest much more
than the $225 million allocated
this year on infrastructure pro-
jects.

The big ticket items include
$500 million for airports; $200
million for roads; $200 million
for ports; $500 million for



















b\ } Bank

Financing
Available
on the
Spot







TOUGH CALL

LARRY SMITH





“... our most fundamental
long-term challenge is not a
broken economy, but a broken
society — arguably the
consequence of years of failed
state planning and the denial

of social responsibility.”



schools and hospitals; and
multiple millions more for
harbour improvements, new
power plants, fresh water sup-
ply and sewerage treatment.
But without a strategic plan
there is a danger that we may
invest in the infrastructure we
have instead of the infrastruc-
ture we will need. And at the
end of the day that means we
may not get the anticipated
payoff.

In the Bahamas, public
funding of infrastructure has
been severely constrained by
the fact that the country has
few taxes and a huge national
debt, running at 38 per cent
of Gross Domestic Product in
2006. Our total GDP today is
about $6 billion — that's the
market value of everything we

. produce in a year.

Imperatives

Just to reach the per capita

mg ing ome enjoyed by the Cay-

an’ Islands right now
($40,000), we need to grow
our economy by 10 per cent
annually for the next eight
years — as Cuba is doing.

But this is an impossible
task unless we modernise the
way the country operates and
invest heavily in strategic
imperatives.

It is a vicious circle.
Tourism accounts for two
thirds of our economy, and it
is weakening. as we speak.
Growth rates for tourist
arrivals over the last five years
show the Bahamas at the bot-
tom of a list that includes
Florida, the Dominican
Republic, Cuba, Barbados and
Jamaica.

‘We had 13,000 hotel rooms
in 1983, and we have only
15,000 today — a quarter cen-
tury later.

One reason for this relative

Insurance

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decline is not enough invest-
ment in infrastructure.

In his mid-term budget,
Prime Minister Hubert Ingra-
ham said he was working to
eliminate the recurrent deficit
— the government's operat-
ing expenses — in order to
bring the national debt down a
couple of notches to under 35
per cent of GDP.

"We recognize this as an
essential requirement in pre-
serving the competitiveness
and economic viability of our
country," the prime minister
said.

"A country with a high lev-
el of government debt has
very little room to manoeu-
vre if the economic environ-
ment deteriorates and rev-
enues fall.

“This is because the gov-
ernment has either to reduce
expenditure on vital services
or raise additional taxation
because borrowing is not
available."

Mr Ingraham shuffled some
money around to beef up
spending on tourism, housing,
medical supplies, schools, the
police and public corporations.
Almost half of this extra

‘spending will go towards

shoring up "deficit-generating
public sector entities...(mean-
ing) that many priority pro-
jects may be denied resources
because additional funds must
be advanced to the loss-mak-
ing entities.

“This is an unsustainable sit-
uation which must be
addressed."

He added that cash-guz-
zling state companies like the
Broadcasting Corporation,
Bahamasair and Water &
Sewerage would have to cut
back because no more mon-
ey would be allocated for
recurrent expenditure — only
for necessary capital works.



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“At least 20 per cent of the
monies borrowed by the gov-
ernment under the disguise of
capital expenditure will con-
tinue to be transferred. and
pumped into these entities to
pay operational expenses,
such as salaries, office sup-
plies, gasoline, and whatever.
And then we burden the tax-
payers of the Bahamas for 20-
30 years to pay that money
back."

And that is the nub of this
whole issue.

The country has a serious
infrastructure deficit — large
backlogs of needed work on
existing systems, together with
new demands that go unmet.

Meanwhile, scarce public
funds are being poured into
dysfunctional state corpora-
tions that provide very little
public value.

There are really only three
options here. Business as usu-
al — continuing to waste our
tax dollars on non-essential
goods.

Drastic cutbacks in services
and manpower to realistic
spending levels.

Or gaining value by selling
off non-performing state
assets.

This is something that has

been talked about at length

but rarely achieved in the
Bahamas.

Worldwide, the results of
privatisation have not always
been good.

In Russia, for example, the
collapse of the Soviet Union
led to a scramble for wealth
and power.

The greed of the so-called
oligarchs discredited the free
market and paved the way for
the ex-KGB agent Validimir
Putin, who restored statism
and curbed the push towards
political freedom.

But where it has been han-
dled properly, privatisation
has worked well.

In the United States, local
governments have cut spend-
ing by up to 40 per cent, often
with big improvements in effi-
ciency.

Privateer
The most common

approach is to contract out
public services to private
firms.

Another way is commer-
cialisation — where the gov-
ernment simply decides to
stop providing a service — like
garbage collection. Citizens
themselves then contract pri-
vate providers.

State assets can also be giv-
en away or sold to a private
entity.

Or vouchers can be issued
for redemption in the market-
place, giving recipients choic-
es where they had none

_,before.

Or state-owned companies
can be sold through public
stock offerings.

Perhaps the best-known
privateer was former British

prime minister Margaret |

Thatcher, who overturned
decades of state control, sell-
ing off major airports, more
than a million public houses
(the live-in kind), and all the



large utilities — and in the
process taking Britain from
19th to second in the OECD
economic rankings.

As an old socialist, I have a
genuine appreciation of what
Thatcher did for Britain.

And it led the old socialist
British Labour Party to aban-
don its religious commitment
to public ownership — a com-
mitment that the political
elites of former British
colonies like the Bahamas still
share.

Recently, economist Larry
Reed, president of the Mack-
inaw Centre for Public Policy
in Michigan gave a lecture
hosted by the Nassau institute.

He pointed out that befores 3g 5

j 3 Bat bao

Thatcher began her revolu-
tion, "the bitter harvest of
statism was everywhere appar-
ent: in bloated bureaucracies,
in crushing tax burdens, and in
frightening burdens of debts
and deficits."

We haven't got to the point
of crushing taxation yet, but
if you read between the lines
of the prime minister's mid-
term budget address we may
soon have to face some hard
decisions.

Electricity and water rates
increases are believed to be
on their way, and there have
been calls for an income tax as
well as more payroll taxes.

In the meantime, govern-
ment planners are still happi-
ly investing in infrastructure
that was designed a century
ago: some of it is based on
ideas that go back to the
Roman Empire.

For example, more conven-
tional oil-fired power plants
are on the way for Nassau,
Abaco and Eleuthera at great
cost.

Yet such systems were
designed for a world without

.climate change or resource

scarcity.

These plants are out-dated
and out of touch with the real-
ities of our century.

And the likelihood is that
in 10 to 20 years we won't be

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“Perlnps the
best-kmwn
privater was
former british

prime ninister

Margare.
Thatchet-;who
overturnd
decades G state
control, sdling
off major
airports, nore
than a millon
public houes
(the live-in
kind), and al
the large
utilities...”



able to afford to buy le oil
to run them.

Unlike Marxism, wich
proved to be unworkableime .
and again in the 20th catu-
ry, the free market is grond-
ed in profound truths abut
the nature of human beigs,
The evidence is right beore
our eyes in the Bahamas.

As Larry Reed said; Tie
up the performance of a isk
with red tape, bureaucicy
and politics, within a sys:m
that is guaranteed to eist
regardless of outcomes, ad
the result is usually medic-
rity at great expense."

Leadership

So here's a quick test br
you. 4

Name one state enterprie
in the Bahamas that opevats
at a level similar to privae
enterprise.

And then consider tht
those same state entities cor
sume almost one and a haf
billion dollars a year.

Changing the way we thin.
and behave in these matter
requires strong leadership an
political conviction.

And our most fundamenta
long-term challenge is not a
broken economy, but a bro-
ken society — arguably the
consequence of years of failed
state planning and the denia
of social responsibility.

It has led to falling schoo.
standards, a high rate of fam-
ily breakdown, and an endem-
ic crime problem.

What the Bahamas needs
today is a great moderniser
and pragmatist determined to
overturn the conventional wis-
dom which holds that our
decline is irreversible.

What do you think? Send
comments to larry@tribune-
media.net

Or visit www.bahamapun-
dit.com pundit.com/>

















atngs aie ne

THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 9

BAHAMAS ELECTRICITY CORPORATION

P.O. BOX N-7509°
TELEPHONE: 302-1000

DSA
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 og all tenders.
‘ ;

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 Corporation invites tenders from eligible paaee a ina peornion 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. 655/08
“GENERAL INSURANCES — PUBLIC & EMPLOYER’S AND VEHICLES”
The Corporation reserves the right to accept or reject any or all tenders.
EE ee on ee ie en ae

BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL INSURANCES
MONEY & FIDELITY

TENDER NO. 656/08

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. 656/08
“GENERAL INSURANCES — MONEY & FIDELITY”

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



ES eA
BAHAMAS ELECTRIC: TY CORPORATION

TENDER FOR THE PROVISIO! °F 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 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. 659/08
“GENERAL INSURANCES — MARINE INSURANCE

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

Barer a RICHY 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 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-: -livered on or before
28 March 2008 by 3:00 p.m nd addressed as follows:

The General Manager
Bahamas Electricity Corporation
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.
FST EST
BAHAMAS ELECTRICITY CORPORATION

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

TENDER NO. 658/08

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. 202-1158
Fax No. 323-6852

Tenders are to be hand- ‘ered 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 re reserves the right t to B sccept or reject, any or all tenders.

ya? Aol aates en
PAGE 10, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



Business owners
warned over

FROM page one

At each business, all of
which operate on an appoint-
ment-basis, the woman went
as far as to book an appoint-
ment before leaving with the
loot. She gave a false name —
Ms Saunders — and a false
phone number. On one occa-
sion she was Wendy, on the
others, Tia and Ethel. Twice
she wore a navy suit, once, a
button down shirt and jeans.
Employees described her as
wearing a "weave" hairstyle
— short on one occasion, and
otherwise, shoulder-length.

Apparently not satisfied
with her takings from the inte-
rior design company, which
included two wallets, an
employee of Green Leaf
Designs told of how she also
received a phone call days fat-
er from a woman pretending
to represent her bank who
asked her to provide the pin
number for her stolen card.
The fraudster claimed she
needed it for security reasons,
in order to “deactivate it.” It
was at this point that the
employee became suspicious
and hung up the phone, later
confirming with the bank that
it was not an official call.

"She said ‘You need to
come in right away’, ” recalled
the employee. “Again she tried
to make me feel: completely

comfortable, she asked all the
right questions, she even said

‘I'm calling about...(giving the -

on

employees account number)’.

On all occasions, the women
was estimated to have spent
between 10 and 20 minutes on
the premises, chatting at length
about various things, ranging
from her or her mother’s med-
ical complaints, to the contents
of the store. On two — at
Green Leaf Designs and the
Chiro Therapy Centre — she
claimed to be a police officer.

Alleging she felt unwell, she
asked to use the bathroom at
the Chiro Therapy Centre, and
also at the Bahamas Foot Cen-
tre.

“In fact, she said that yes-
terday evening when (her
police unit) had to stop a car
during a chase, she had to stop
to be sick,” said a staff mem-
ber at the Chiro Therapy Cen-
tre.

After she entered the bath-.

room at the therapy centre, an
employee reported hearing
noises, as though the woman
was vomitting.

The fraudster then emerged
and’ said she would be back
later to collect and pay for
some medicines owner Dr Ren
Xen, a doctor of Chinese med-
icine, had suggested she try.
She never returned, and about

an hour later the employee dis- .

covered that money had been
removed from her wallet and

an envelope that was in her
bag. It had been located on a
shelf in a room near the bath-
room.

The thief also used the bath-
room tactic at the Bahamas
Foot Centre. Moments after
she had left the building, own-
er Debbie Raine discovered a
purse belonging to one of her
staff members stuffed behind
the toilet — the wallet
nowhere to be found. The
purse had again apparently
been taken from a nearby
office while the woman was in
the "back area" of the estab-
lishment, an employee sug-
gested.

The Green Leaf Designs
staff member said: "She came
in and was looking around.
She kept asking questions,
about fabrics and furnish-
ings...she said she wanted to
make an appointment (with

the interior designer) and I °}

guess while I was writing down
her name she must have
grabbed my wallet from my
purse. I'm assuming that's
when she did it."

One of the businesses
reported having informed the
police of the incident, however
another said that — not know-
ing the extent of the woman’s
activities — she failed to do
so, as she had negative
experiences with police
response to reports of “minor”
incidents.

$4.5m worth of cocaine seized

FROM page one

The targeted container had arrived at the
Container Port around 1 am on Tuesday,, aboard
the MSC Carouge, inbound from Ecquador and
was awaiting trans-shipment to Spain. =

The illegal narcotics, which weighed 150 kilo-
grammes and have an estimated street value of

Features

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Automatic Transmission

$4.5 million, were later taken by an OP-Bat heli-
copter to the Drug Enforcement Unit Head-
quarters in New Providence, for further investi-
gation by local and international officials.

The captain and crew of MSC Carouge, were
interviewed by DEU officers, however, no arrests
were made at this time, said Chief Superinten-
dent:Basil Rahming of Freeport.

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Palestinian
leader rebuffs
female fraudster Rice on request
for quick revival

of peace talks

@ RAMALLAH, West Bank.

THE U.S.-backed Palestinian president
rebuffed the Bush administration’s request Tues-
day to quickly end a walkout of peace talks with
Israel, saying Israeli military bombardment of
civilians in the Gaza Strip is unacceptable under
any circumstance, according to Associated Press.

Secretary of State Condoleezza Rice said
negotiations are the only solution, and defended
Israel’s right to seek out militants who use the
tiny Hamas-held territory as a launching pad
for increasing numbers of rockets targeting civil-
ians in southern Israel.

“I understand the difficulties of the current
moment,” Rice said following meetings with
Palestinian President Mahmoud Abbas. “We all
must keep an eye on what is important.”

She won no public promise that Palestinians
would end their boycott soon. U.S. officials say
they understand his political predicament and
predict talks will resume after a brief lull. Abbas
was not expected to relent before Rice leaves the
Middle East on Wednesday.

“I call on the Israeli government to halt its
aggression so the necessary environment can be
created to make negotiations succeed, for us
and for them, to reach the shores of peace in
2008,” Abbas said. He was referring to the goal
— stated at a U.S.-sponsored Mideast peace
conference in November — of reaching an
Israeli-Palestinian peace treaty by the end of
the year.

“Negotiations are going to have to be able to
withstand the efforts of rejectionists to upset
them, to create chaos and violence, so that peo-
ple react by deciding not to negotiate, “ Rice said
in Egypt at the start of two days of Mideast
meetings overshadowed by the Gaza crisis.
“That’s the game of those who don’t want to

_ see a Palestinian state established.”

Abbas pulled out of negotiations Sunday in
protest over Israel’s weekend sweep, which has
killed more than 120 Palestinians. Abbas has
given no date for returning.

“No one can under any kind of pretext justify
what the Israeli military have conducted over the
past days,” an angry Abbas told reporters, with
Rice at his side.

The best Rice got from Abbas during their
joint public appearance in Ramallah was affir-
mation that his government remains pledged to
the peace path charted by Bush last fall. The
negotiations are supposed to yield a deal out-
lining an independent Palestinian state this year.

The violence transformed Rice’s scheduled

‘Mission to encourage progress in peace talks

that have shown no public sign of breakthrough.
Instead, Rice was just trying to restore the talks.

The Bush administration has staked peace
hopes on Abbas’ West Bank government, freez-
ing out Hamas militants who seized the smaller,
poorer Gaza Strip in June. Hamas is pledged
to Israel’s destruction.

Although Abbas has had little power over the
coastal area of 1.4 million people since Hamas
took over, the high death toll inflamed public

Nas 351) aan ea AU)

opinion in both territories against Israel and
made it difficult for him to continue the talks.

In Washington, President Bush said he
remains optimistic.

With only 10 months left in his presidency,
Bush said Tuesday he still believes there is “plen-
ty of time” to get a Mideast peace deal before his
term ends.

“This is a process that always two steps for-
ward and one step back,” Bush said after meet-
ing at the White House with Jordan’s King
Abdullah II. “We just need to make sure that it’s
just one step back.”

Fighting escalated sharply last week after
Israel mounted an onslaught in northern Gaza to
retaliate for Palestinian rocket fire that reached
closer to Israel’s heartland than ever before.
Israel pulled out its ground forces on Monday,
but has continued air assaults against persistent
Palestinian attacks.

On Tuesday, militants hit a house in the rock-
et-weary town of Sderot, causing no injuries but
extensive damage. Another landed in an open
area.

Israeli forces responded by launching several
air and ground strikes on rocket squads and
Hamas installations Tuesday, killing one militant
and wounding another, Hamas said.

The body of a Palestinian militant was also

_ found near the Gaza-Israel border.

Medics said it was not clear when the man
had been killed. ;

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i
THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 11



TGERSaNn. a ee eae
PEACE IN EUROPE HAS BEEN A GOAL OF US FOREIGN POLICY

‘The case for Kosovo's independence’

HE United

States applauds

the major step

Europe took last
month toward the goal of a
continent whole, free and at
peace. Recognition of
Kosovo's independence frees
both the people who live there
and their neighbours to move
beyond the conflicts of the
1990s and pursue a wider
vision of integration with an
undivided Euro-Atlantic com-
munity. It marks the final
stage of Yugoslavia's slow-
motion break-up.

Peace and prosperity in
Europe has been a funda-
mental goal of President
Bush's foreign policy and of

those who preceded him for -

almost a century.

' From our entry into the
Great War and President
Wilson's 14 points, through
World War II and the Mar-
shall Plan, to support for
NATO and EU enlargement
after the fall of the Berlin
Wall, the United States has
shown its commitment to
European self-determination
and democracy, security and
well-being.

Throughout this period,
Kosovo was an anomaly. The
majority Albanian population
was ruled brutally and unde-
mocratically by a minority of a
different language, religion,
ethnicity, and worldview since
1912.

Beginning in 1989, ethnic
Albanians, who constitute
over 90 per cent of Kosovo's
population, suffered brutal
repression at the hands of the
hard-line Communist regime
of Slobodan Milosevic. They
resisted with non-violence and
dignity, while the rest of the
region burned, and were
answered with still greater
repression and ethnic cleans-
ing by the Milosevic regime.
The extent of the crimes was





OPINION by Ned Siegel,

US Ambassador ©

amply and sickeningly docu-
mented by the UN Tribunal
in the Hague during its pro-
ceedings over many years.
After NATO's intervention
brought a halt to the violence
in 1999, UN Security Council
Resolution 1,244 ended Bel-
grade's rule over Kosovo and
established a temporary UN
administration.

Negotiations

Fe nine years, the peo-
ple of Kosovo waited
patiently for clarity about their

future.
For nearly a hundred years,

‘they have waited for self-

determination. It has been
long enough.
Europe and the US sup-

q he Wedgewood Room Brit i Colonial Hilton

Wines donated exclusively by Burns House

ported negotiations to find a
mutually-acceptable solution
to the problem of Kosovo's
status.

Despite two years of talks
led first by the UN Special
Envoy Martti Ahtisaari and
then by a troika made up of
the EU, Russia, and the Unit-
ed States, the two sides
remained irreconcilable on the
basic question of whether
Kosovo should be indepen-
dent.

Acknowledging this dead-.
lock, Special Envoy Ahtisaari
developed a comprehensive
proposal for Kosovo's status,
including a recommendation
that Kosovo become inde-
pendent subject to a period of
international supervision.

The United States, Europe
and a majority of UN Security

Council members supported
this plan.

We all agreed that indepen-
dence is the only viable out-
come for Kosovo. Due to the
legacy of conflict and mutual
mistrust from the 1990s, and
the bitterness of the legacy
under Serb domination, there
is no way in which the people
of Serbia and Kosovo could
remain in a functional, demo-
cratic state.

The broken pieces of
Yugoslavia simply cannot be
put back together again.

Instead of letting the situa-
tion deteriorate into crisis,
Europe and the United States
decided to act.

We could not let the status _

quo continue — more years of
limbo would have turned
Kosovo into an incubator for
frustrations and instability,
with woeful consequences for
all of Europe and the WAGER
world.

Democracy

W e could not let
Kosovo's uncer-

tain future cloud Kosovo's
economic prospects, further
depriving Kosovo of badly
needed loans from the IMF
and World Bank.

Kosovo is now independent.
The people of Kosovo can
control their own destiny at
long last.

Our task now is to help the
leadership and the people of
Kosovo develop this new state
into a self-sustaining, multi-
ethnic country that is no
longer a ward of the interna-
tional community.

We were deeply impressed
that in their declaration of
independence, Kosovo's lead-
ers committed themselves to
achieve the highest standards
of democracy, including free-
dom and tolerance for citizens
of all ethnic backgrounds.

Under the Patronage

of

Mrs. Shawn Turnquest

ef

Mrs. Shartyn Smith

Proceeds to support: a
_.. The Ranfurly Home for Children |
. The Links Inc. Women’s Safe House
Alp a Phi Alpha Educational Scholarship Fi
2 Art Work By:
Mr. Eddie Minnis

Mr. Stan Burnside
Mr. Antonio Robert



Mr. Chan Pratt
Dr. Desiree Cox,
Mrs. Roshanne Minnis-Eyma
Mr. Ritchie Eyma



“Our task now is to help the
leadership and the people of
Kosovo develop this new state
into a self-sustaining, multi-
ethnic country that is no
longer a ward of the
international community.”



George W. Bush



As President Bush has
remarked, "these are princi-
ples that honour human dig-
nity; they are values America
looks for in a friend."

These are also values the
US sees, and cherishes, in the
Bahamas and so many other
democratic countries which
wisely supported Kosovo’s
path to supervised indepen-
dence.

No country in Europe will
benefit more from Kosovo's
independence than Serbia
itself.

Further anxiety over the
outcome would have contin-
ued Serbia's obsession with
Kosovo and encouraged false
hopes, distracting Serbia's
leaders from addressing the
concerns of their citizens and
Serbia's own European future.

>

Serbia's own people deserve
better, and are actually
demanding it. Much has been
heard of the strong nationalist
impulse and the romantic
attachment that Serbs feel for
Kosovo.

In fact, polls show that more

than 70 per cent of Serbians

want integration with the EU
and cite unemployment as a
greater concern than Kosovo's
fate. Serbia also needs to take
up its rightful place in Europe,
the Transatlantic Communi-
ty, and the world. Europe and
the United States stand ready
to welcome them.

As President Wilson said in
1918, the world must “be
made safe for every peace-lov-
ing nation which, like our own,
wishes to live its own life,
determine its own institutions,
be assured of justice and fair
dealing by the other peoples
of the world as against force
and selfish aggression.”

The great prosperity and
stability that has come to the
other waves of nations that
have joined the community of
democracies and the Euro-
Atlantic community is the
promise that now beckons the
great nations of southeast
Europe.

The tragedy of Yugoslavi-
a's demise is now history.
Together we can move
beyond the legacy of war and
ethnic strife toward a brighter
future for all.


PAGE 12, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



INTERNATIONAL NEWS

VENEZUELA/COLOMBIA

Tensions escalate over rebel killing



Juan Carlos Hernandez/AP Photo

VENEZUELAN soldiers *gathar as Si prepare to board military buses to be transported to the Colombian border area at Fort Paramacay in Valencia, Venezuela yesterday. The Venezuelan military has been tightlipped about
the movement of troops, which Chavez ordered to be carried out immediately on Sunday, including 10 battalions, tanks and a deployment of military aircraft. .

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@ By FRANK BAJAK
BOGOTA, Colombia ~

Hundreds of Venezuelan
troops moved yesterday
towards the border with Colom-
bia, where trade was slowing
amid heightening tension over
Coiombia’s cross-border strike
on a rebel base in Ecuador,
according to the Associated
Press.

The Organization of Ameri-
can States scheduled an emer-
gency afternoon meeting in
Washington to try to calm one
of the region’s worst political
showdowns in years, pitting
U.S.-backed Colombia against
Venezuela’s leftist President
Hugo Chavez and his allies.
Colombian and Ecuadorean
officials, meanwhile, traded
accusations in the United
Nations and the International
Criminal Court.

The escalation of tensions
was triggered over the weekend
when Colombia troops crossed
the border with Ecuador and
killed Raul Reyes, a top com-
mander of the Colombian
FARC rebels who had set up a
camp there.

Chavez, who sympathizes
with the leftist rebels, con-
demned the killing and angrily
ordered about 9,000 soldiers —
10 battalions — to Venezuela’s
border with Colombia. He
warned Colombian President
Alvaro Uribe that any strike on
Venezuelan soil could provoke
a South American war.

Uribe said he has provided
Chavez with precise informa-
tion on the location of rebel
camps in Venezuela. He said
one was home to Ivan Marquez,
another top leader of the Rev-
olutionary Armed Forces of
Colombia, or FARC.

But Uribe said he would not
allow his nation to be drawn
into a conflict with its neigh-
bors.

“Colombia has never been a
country to go to war with its
neighbors,” Uribe said. “We are
not mobilizing troops, nor
advancing toward war with
neighbors.”

President Bush said the Unit-
ed States will stand by Colom-
bia and criticized Venezuela’s
government for making
“provocative maneuvers.”
Colombia has received some $5
billion in U.S. aid to fight drugs
and leftist rebels since 2000.

Retired Venezuelan Gen.
Alberto Muller Rojas, a former
top Chavez aide, told The Asso-
ciated Press the troops were
being sent to the border region



~-Reinalto D'Santiago/AP Photo. -

VENEZUELAN military ride on an armored vehicle as they cross the vil-
lage of Paraguaipoa, Venezuela, about 31 miles from the border with
Colombia Tuesday, March 4, 2008. Hundreds of Venezuelan troops
were deployed along the Colombian border yesterday following orders
tl President Hugo Chavez, who is sending about 9,000 soldiers to .
the frontier. -

as “a preventative measure.”

Soldiers boarded buses and
trucks at the Paramaracay base
in central Venezuela on Tues-
day morning, and battalions
also were moving out from the
northern state of Lara, pro-
Chavez Gov. Luis Reyes said.

The Venezuelan military has
been tightlipped about troop
movements. Venezuela’s armed
forces include about 100,000
troops, Muller Rojas said.
Colombia’s U.S.-equipped and
trained military has more than
twice as many.

Uribe said his government
would ask the International
Criminal Court to try Chavez
for “genocide” for allegedly
financing the FARC, the coun-
try’s main rebel group. He cited
a reference to a $300 million
Venezuelan payment in docu-
ments found in a laptop the

Colombians said belonged to .

Reyes.

Colombia said documents in
Reyes’ laptop also indicate that
Ecuador’ internal security min-
ister.met recently with a FARC
envoy to discuss deepening rela-
tions with Ecuador, and even
replacing military officers who
might oppose that.

Both Venezuela and Ecuador
expelled Colombia’s ambas-
sadors in the wake of the attack
and dismissed the allegations as
lies.

The biggest losers from the
killing of Reyes appeared to be
the hostages that FARC rebels
have held for years, pending a
swap with rebel prisoners.
Along with Reyes, 20 other
rebels were killed in the raid.

Ecuador and France said they
had been communicating with

Reyes, trying to secure a
hostage release.

“T’m sorry to tell you that the
conversations were pretty
advanced to free 12 hostages,”
Ecuador’s leftist president,
Rafael Correa, said in a nation-
ally televised address. “All of
this was frustrated by the war-
mongering, authoritarian
hands” of the Colombian goy-
ernment.

French Foreign Ministry
spokeswoman Pascale
Andreani confirmed that
France was in contact with

Reyes as well, and that “the
’ Colombians were aware of it.” ~~~

Publicly, there had been no
indication of even preliminary
progress in securing the release
of any of the 40 hostages the
FARC wants to swap for hun-
dreds of jailed guerrillas.

Those hostages include three
U.S. military contractors and
former Colombian presidential
candidate Ingrid Betancourt, a
dual French national who has
become a cause celebre in
Europe.

The rebels said in a commu-
nique that Reyes died “com-
pleting a mission to arrange,
through President Chavez, a
méeting with (French) Presi-
dent (Nicolas) Sarkozy” aimed
at securing Betancourt’s release.

Saturday’s raid came on the
heels of the FARC’s release last
week of four hostages to
Venezuelan Justice Minister
Ramon Rodriguez Chacin. The
minister said the raid proved
the “intent of the fascist Colom-
bian government is to hamper
the handover of hostages,
because that is the path of
peace.”

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Ending Film Studios lease to
‘set industry back 50 years’

@ By NEIL HARTNELL
Tribune Business Editor

he Bahamas Film

Studios chairman

yesterday told

The Tribune that

the development
of a film and TV production
industry in the Bahamas would
be “set back for the next 50
years” if the Government
made good on its promise to
terminate the project’s Crown
Land lease.

In response to comments
made by Prime Minister
Hubert Ingraham on Monday
night in relation to the Gov-
ernment’s plan to revoke the
lease, Ross Fuller wrote in an
e-mailed reply to The Tri-
bune’s questions: “I am
unaware of such a position by
the Prime Minister.

“Tf it is so, it will cause an
imbroglio that will set the film
business in the Bahamas and
the future deyelopment of the

@ By NEIL HARTNELL

Tribune Business Editor —

A BAHAMIAN film pro-
ducer/director yesterday told
. The Tribune he is forecasting
he will earn a “high five, or
low six-figures” sum from a
short half-hour movie he made
on a $25,000 budget in 2006,
having obtained licensing deals
for the production in Europe
and with VH1/MTV.
Kareem Mortimer, who pro-
duced and directed the film

r

Chairman warns doing so would land project
in ‘imbroglio’, as PM says government
moving to revoke lease because of default

East End [in Grand Bahama]
back for the next 50 years. I
am hopeful that this will not
happen.”

In reply to a question from
former minister of tourism,
Obie Wilchcombe, regarding
the Bahamas Film Studios, Mr
Ingraham told the House of
Assembly on Monday night:

“The people at Gold Rock .

Creek [the Studios’ immediate
holding company] are in
default on their lease.

“The Government of the
Bahamas intends to terminate
their lease and entertain pro-
posals from others.”

The Government’s plan, if
it follows its intended course
through to fruition, will have

several congequences and
repercussions; some potential-
ly good, some! potentially bad.

Several sources have sug- :

gested that terminating the
lease for the 3,500-acre former
US Air Force Missile Base site
in Grand Bahama could be the
best thing the Government
could do, given the uncertain-
ty over the Bafiamas Film Stu-
dios’ future and doubts about
whether an agreement to pur-
chase the development will
ever succéed/come to fruition.

The Bahamas FilmInvest
International group, put
together by Bahamian banker

Owen Bethel, head of the.
~Montaque Group, have agreed
a dealin priheiple with Mr |

* Mortimer expects ‘high five, low six’
figure returns from MTV, European and US
distribution deals for $25,000 production
* Seeking further $170,000 by May to start
work-on new film, with documentary
also being prepared for release

Float, said the production had
exceeded his expectations “as a
calling card to establish myself
on the international scene”, his

Owner transparency
levels in Bahamas
‘higher than US’

@ By NEIL HARTNELL
Tribune Business Editor

THE United
States should
not force the
Bahamas to
create a single
registry of all
beneficial
owners unless
it is prepared
to adopt the
same mechanism itself, a senior
attorney told The Tribune yes-
terday, as otherwise this
nation's financial industry
would be at a significant com-
petitive disadvantage.

Brian Moree, responding to
the US International Narcotics

Moree



* Attorney says Bahamas
should. not bow to
US beneficial owner
registry demands unless
Washington sets example

* Adds: ‘If it’s something
that should be done in
the Bahamas, it should
be.done everywhere else’

Control Strategy Report,
which demanded that the
Bahamas create a single bene-

SEE page 6B

New telecoms licence
to grow competition -

@ By NEIL HARTNELL
Tribune Business Editor

THE Public Utilities Com-
mission (PUC) yesterday
unveiled plans to deepen lib-
eralisation and competition in
the Bahamian telecommuni-
cations industry, publishing
_ proposals that would allow
new market entrants to offer
fixed-line voice services via the
Bahamas Telecommunications
Company (BTC) and IndiGo
Networks’ systems.

The regulator’s consultation
document on its proposal to
licence a company to ‘resale
voice telecommunications ser-
vices’, said that while BTC
would effectively be mandated
to sell wholesale fixed-line ser-
vices to the new licensee, Indi-
Go would have the option of

* PUC plans to deepen
liberalisation via BTC,
and possibly IndiGo,
selling fixed-line voice
services wholesale
to new operator

* BTC only one to be
mandated to do this

choosing whether to do so.
Essentially, the PUC’s plan
is that BTC - and perhaps Indi-
Go - will play the role of
wholesaler, allowing the new
market entrant to purchase
fixed-line voice telephony ser-
vices from them for resale to

SEE page 2B

?

work having now been fea-

tured at some 41 international _

film festivals across the world.
He added that he had agreed
a distribution deal with the

Frameline company, which had

sub-licensed Float to an even
larger distribution firm called
Strand.:Their plan had been to
place his film on a DVD com-
pilation with other short films
that they were trying to'sell to
the likes of Virgin Megastore
and other major US retailers.

Fuller to purchase ‘the
Bahamas Film Studios, with
arrangements having been
made to tackle the project’s
debts and legal actions it is
embroiled in.

Yet some believe that Sight
any government move to ter-
minate the lease, the Bahamas
FilmInvest deal is unlikely to
make much progress given the
Bahamas Film Studios’ many
issues, and that uncertainty
over the development’s future
will merely be prolonged.

Terminating the lease. would
also likely collapse Bahamas
FilmInvest’s purchase, as it

SEE page 3B

reem Mortimer

Mr Mortimer said Float had
received a further boost after‘a
profitable meeting. with



ROYAL FIDELITY

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South Ocean’ S new

a By NEIL HARTNELL
Tribune Business Editor

‘THE South Ocean Golf &

Beach Resort’s new owner yes-
terday told The Tribune that

the property was effectively |

employing more staff than cur-

rent activity there warranted,

having kept on 30 of the 55

hotel’s 2004 closure.

Roger Stein, head of New
York-based’ RHS Ventures *
and the New South Ocean:
Development Company’s.

managing director, said he and

his company “were catching -
the heat” despite having noth- |
ing to do with the decision by _
the former owner to. release

about 25.employees.

That move was taken by the
Canadian Commercial Work-:- .

ers Industry Pension Plan

(CCWIPP), the former South.

Bahamian filmmaker secures MTV deal

VH1/MTV’s head of acquisi- ©

tions, who had decided to place
it on MTV’s Logo network
and its ‘click list’ of best short
films from April 15-June this
year.

To complete Fleat’s interna-

* tional reach; Mr Mortimer said® “>

he had sealed a deal with a
German company to put the
film on a DVD, then distribute
it throughout Germany, Aus-
tria and the German-speaking
part of Switzerland.

He added that the agree-

ment was that he would

_Teceive 60 per cent of the gross

revenues generated from the
German and Frameline/Strand
distribution deals, and 50 per
cent from the MTV broadcast
deal.

SEE page SB.

Last 35 years per year

a ‘Move taken by:
fund owner, as;

acquisitions fo:

workers the previous owner ©
had retained following the ._

. Ocean owner, which closed th
- gale of the property and some

owner says lay-offs
not their decision’

bencirevewnee

a

Sore

former pensioe
e




resort and land:

F9

‘its

ike

-$867m projec
: coimpiglet a
of

‘




























surrounding land to Mr Stein’s
company about 10 days ago: i
’Mr'Stein told The Tribune
“The pension fund had aroun:
55 persons employed for #
whole host of reasons, inclu

SEE page 7B

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PAGE 2B, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



Travel Agency Manager

AS

Qualifications:

° Five years experience in Travel Agency
Management
Experience organizing team work
Analytical skills for Direction.
Fully trained in Tour Tek Computer System
Strong Accounting knowledge.
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
March 15, 2008.
Only the successful applicants will be contacted.

FROM page 1B

Bahamian businesses and res-
idents using their networks,
switches and systems. In
‘return, BTC and IndiGo will
receive a regular fee.

As the new telecoms
licensee will not have to make
a major initial capital outlay
to construct their own telecoms
network, the PUC is hoping
that the barriers to market
entry will be reduced.

In turn, the theory is that this
will further stimulate competi-
tion in the fixed-line, voice
telephony market in the
Bahamas, enhancing service
for customers, and giving them
greater options and better
prices.

OF NASSAU BAHAMAS

Registration for the second session of the

“Learn to Swim” program will take place
at Queen’s College pool on
Saturday March 8th, 2008
from 9:00a.m. to 12noon

ALL SWIM GROUPS MUST REGISTER:
1) LEARN TO SWIM FOR CHILDREN

ly to be asked about how
attractive such a resell licence
will be, given that BTC’s fixed-
line market share has been
eroded by both legitimate com-

2) LEARN TO SWIM FOR ADULTS

See our website for registration forms,
start dates, prices and other information:

www.barracudaswimming.org

INSIGHT

For the stories

behind the news,
read Insight
on Mondays





THE CENTRAL BANK OF THE BAHMAS

Conterfeit Banknote And Introduction
To Crisp Series Seminar

Place: The Central Bank Of The Bahamas Training Room,
Market Street And Trinity. Place Entrance :

Session
| March 13, 2008
~* From 11:00 A.m. To 12:30 P.m.

When:

Apply By: March 10, 2008.

The seminar is open to banks and banking institutions, gov-
ernmnet agencies and corporations, private companies and the
general public. Applications will be taken on a first-come/first-

served basis, as space is limited. :
Kindly indicate if you wish to attend.

Contact No.
302-2734, 302-2636, 302-2629

Questions, though, are like-



petition and illegal callback
and Voice over Internet Pro-
tocol (VoIP) providers. Cellu-
lar is now arguably BTC’s most
valuable arm, this monopoly
generating 64 per cent of its
revenues.

There may also be concerns
over how this licence could
impact BTC’s privatisation val-
ue.
The PUC said: “The Com-
mission believes the new
licence will provide opportu-
nities in these sub-sectors for
small and medium-sized oper-
ators to compete with BTC
and SRG [IndiGo’s parent],
the only licensed telecommu-
nications operators with autho-
rised systems to provide voice

“services to the public in the

Bahamas. -

“As is the experience else-
where, the Commission antici-
pates that resale competition
will exert downward pressure
on prices, stimulate entry and
entrepreneurship in the
telecommunications sector,
encourage greater innovation
in pricing and service delivery,
and enhance the competitive-
ness and efficiency of the
Bahamian economy.”

Yet the PUC plans to man-
date that BTC sell wholesale
fixed-line voice services to the
new licensee, while IndiGo will
have freedom of choice to do
sO:
Adding that it had the legal
capacity to mandate this, the
PUC said: “Because BTC is
dominant in the relevant mar-
kets for local call services,

inter-island call services and
international call services, the
Commission proposes to
require BTC to offer local call
services, inter-island call ser-
vices and international call ser-
vices to the licensee at non-dis-
criminatory prices and on non-
discriminatory conditions.

“It is not the intention of the
Commission to require SRG
to offer ary or all of the ser-
vices in question to the licensee
on a wholesale basis. However,
SRG may offer the licensed
services on a wholesale basis
to the licensee, if it so chooses,
but within the parameters of
SRG’s public fixed radiocom-
munications licence.”

The PUC said in its consul-
tation document that the new
market entrant would be able
to provide intra-island, inter-
island and international voice
telephony services using BTC
and IndiGo’s systems.

It will also be able to operate
public pay phones in single or
multiple premises, obtain tele-
phone lines from other opera-
tors, and own equipment used
for its billing and traffic man-
agement.

However, under the licence
terms the PUC is proposing,
the new market entrant will
not be allowed to contravene
BTC’s ‘special rights’ as out-
lined in the Telecommunica-
tions Sector Policy.

Among the services it will
not be able to provide are cel-
lular, cable television, paging
systems and public mobile
radio systems, and interna-



New telecoms
licence to grow
competition

tional gateway and satellite ser-
vices.

The new entrant will also be
unable to terminate calls in the
Bahamas unless they are con-
veyed by BTC or IndiGo’s net-
works, and in accordance with
a Wholesale Services Agree-

_ ment approved by the PUC.

It will also be unable to transit
calls through the Bahamas
unless the same conditions
apply. aon 10

The PUC said it was aware
that persons were already
operating public pay phones
at one or multiple locations to
provide domestic and interna-
tional long distance. calls
obtained from BTC and/or
IndiGo, and warned that they

‘were not licensed to do so.

Explaining its policy ratio-
nale, the PUC said: “Many
governments have implement-
ed a policy of resale competi-
tion as part of their overall
national strategy to expand
competition in telecommuni-

cations services.......

“Resaie competition has
lower barriers to entry when
compared to facilities or sys-
tems-based competition. For
this and other reasons, it has
served as an important vehicle
for promoting entry to
telecommunications markets.
by small and medium-sized
operators. It is also worth not-
ing that resale competition is
usually attractive to new
entrants who lack the requi-
site licenses to operate their
own transmission and switch-
ing systems or facilities.”

Fig

.. Easy

yeh
ve | i

ween

iow
OA

© Fe Fonsrting expreen xattrnart 320%
9 fe cope cegshe ow beher 00 phates AE,
© Fe wissoriong widis anc wlbogs

Hale me OG) oo

“Being informed about local news, sports,

entertainment and world events is important to

me. The Tribune is my choice for news and

information. The Tribune is my newspaper.”

JASON RAHMING
CONSTRUCTION FOREMAN

Purchase The Tribune from your
local store or street vendor.

. The Tribune

My Vere. Mly flewpoyew

yf


THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 3B








TB Donaldson

=} UTS} Soe)

Commonwealth Ban!



to increase dividends

Commonwealth Bank yes-
terday confirmed it will
increase its regular quarterly
dividend payments by 50 per
cent, meaning that sharehold-
ers will see a $0.02 per.share
increase from $0.04 cents to
$0.06.

The move came six weeks
after the bank announced
record earnings of $48.5 mil-
lion for the fiscal year 2007.

Shareholders

In a release, Commonwealth
Bank said shareholders will
receive the extra income when

Ending Film Studios lease to
‘set industry back 50 years’

FROM page 1B

would deprive Mr Fuller of the
main asset he is selling - the
very same lease and rights to
the Bahamas Film Studios pro-
ject, which includes a $10 mil-
lion water tank where Pirates
of the Caribbean IJ and III
were filmed.

Mr Bethel was said to be out
. of office until Thursday when
The Tribune called seeking
comment yesterday.

The Prime Minister’s com-
ments, indicate, though, that
the Government is not overly
keen on the acquisition by Mr
Bethel’s group and their plans
for the site, and it wants to see
what other investment pro-
posals are out there.

Many believe the Ingraham
g- ernment would be unlikely
to lease the entire 3,500 acre

’ industry

site as the Christie government
did. The fact the Government
also wants to assess the invest-
ment options may also raise
doubts over whether the site
continues as a film studio.

That could have a major
negative impact on how the
international film and TV
perceives the
Bahamas as a production loca-
tion, damaging the growing
demand and interest in this
nation.

Terminating the lease would
also raise questions about
whether a German movie pro-
duction, Der Sea Wolf, which
has just committed to using the
Bahamas Film Studios, will be
able to do so as planned,
depending on timing. It is like-

ly that some arrangement

would be worked out to enable
them to continue.

A termination might also
have consequences for the

Important
Notice

Bahamas Film Studios’ many
creditors; among them
Bahamian companies such as
Islands by Design and Phoenix
Engineering, who are believed
to be claiming they are owed
around $125,000 and $300,00
respectively for engineering
and environmental impact
assessment work.

Both had obtained Supreme
Court injunctions blocking any
sale of the Bahamas Film Stu-
dios unless the debts owed to
them were satisfied. Without
a lease, there will be no sale,
and this means the debts owed
to them will not be paid.

There would also be ques-
tions about whether the estate
of the late Paul Quigley, gne of
the Bahamas Film Studios
three founding partners - all
of whom have passed away -
would be able to enforce the $2
million claim they have against
the company.

From midnight on Saturday 8th March to
midnight on Sunday 9th March 2008.

As we continue efforts to improve our service to you, we
ask you to take note that our Electronic Banking System
will be temporarily unavailable during the time listed
above while we conduct routine maintenance.

We apologise for any inconvenience that tls may

Cause.

During this period, the following services will be

unavailable:

e ABM

e VISA transactions via ABM
e Internet and Telephone banking

Please plan your weekend finances to cater for
this necessary maintenance.

www.firstcaribbeanbank.com

e

FIRSTCARIBBEAN

INTERNATIONAL BANK

GET THERE. TOGETHER.



the quarterly dividend is paid
on March 31, 2008, and then
at the end of each succeeding
calendar quarter.

“The Board of Directors
wanted the 6,500 shareholders
of Commonwealth Bank to
know that they will benefit
from the strong results the
bank enjoyed in 2007, when
the bank experienced positive
performance in every category

+ across the board,” said T.B.
Donaldson, its chairman.

“The bank has an ongoing
commitment to spread the
benefits among those who
have been loyal shareholders,

as Commonwealth Bank has’

grown from strength to
strength. Indeed, part of the
rationale of the very successful
share split in November 2007
was to enable all Bahamians
to share in this important suc-
cess story that is Common-
wealth Bank.”

Figures

Commonwealth Bank’s
year-end figures showed its
11th consecutive year of record
profits.

“With the largest and, we
believe, the most diverse share-

holder base of any public com-
pany in the Bahamas, the
increase in regular quarterly
dividends will benefit share-
holders from every walk of life,

_at this time when everything

seems to be becoming more
expensive,” Mr Donaldson
said.

In November, the bank split
its shares three-for-one, result-
ing in a rapid increase in its
share price to $8.50.

Recent profit-taking in the
market has seen the price sta-
bilise in the low $7 range, still
significantly above its 2006
close of $4.17.

ACCOUNTS ADMINISTRATOR

Tourism related organization invites applications from suitability qualified
| Persons for the above position. Please apply in confidence to:

Accounts Administrator
DA 60702
c/o The Tribune
P.O.Box N 3207
Nassau, Bahamas.

Applicant must possess the following qualifications:
Must be a graduate of accredited college with a bachelor’s degree in

Accounting.

3-5 years Accounting experience required, A/R and A/P preferred.
Must have working knowledge of Quickbooks Enterprise.

Must be computer literate and proficient in Microsoft Office, Microsoft
Excel, and Microsoft Word. .
Must possess excellent communications skills.
Must be able to work independently.

Must be familiar with general office practice.
Must be professional, reliable and have own transportation

Must be able to trouble shoot and solve problems.

A clean police certificate is required.

Salary commensurate with qualifications and experience. Excellent benefits.



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¢ US$$8,500 fotal fee

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¢ US$15,000 {instalment plan available}



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



- PRIFYSGOL
CYMRU 4

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OF WALES



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for the April 2008 intake







www.rdicaribbean. com |

info@rdicaribbean.com
1 (703) 549 5424

(Oi |

2

EE

u
PAGE 4B, WEDNESDAY, MARCH 5, 2008 THE TRIBUNE







He oie 2€
SUIS. Stay | a anehy
SSN ee



“I get a better sense of what



| is happening in The Bahamas
from reading the Tribune.

Where other daily



newspapers fall short, the





Tribune delivers. ’m



confident knowing The



Tribune looks out for my

interests. The Tribune is

| er The Tribune

NELSON JOHNSON
TAX] DRIVER

"SREP IE ESE SLTEIEOEENNEESENHEE OULU ceecebalsoneseibstt sseittcatennnentsen etotoneeonntnt: teeceaneneeen ‘esenenbsneten aera eeeiaieeammeneientaiameaecinieaiemenmeninntiatinmmenmmereneecesensenaan se reecemenee RT
THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 5B



Pa, Ree CO ee

Joint venture to.
develop 884-acre
Eleuthera resort

m@ By CARA BRENNEN-
BETHEL
Tribune Business
Reporter

TWO United States com-
panies have entered into a
joint venture to develop a
resort on Eleuthera, the pro-
ject having just received
approval in principle from
the Government’s National
Economic Council (really the
Cabinet).

- Meritage Hospitality
Group has entered into a
strategic partnership with the
Related Group called TRG-
Meritage Bahamas. The
resort will be one of the
world ‘s leading low-density,

low-rise environmentally sen-
sitive resort communities.

Meritage and Related will
jointly oversee the sales and
marketing services, and pro-
vide co-development ser-
vices.

Provide

Rockford Construction, of
Grand Rapids, Michigan, will
provide owners’ representa-
tion services and co-develop-
ment services for the project,
with the Related Group func-
tioning as the lead develop-
er.

In addition to participating
in the sales, marketing and
development fees, Meritage

holds a 23.75 per cent stake
in the entity that owns the
884-acre oceanfront property.

Robert Schermer Jr, Mer-
itage’s chief executive ,
explained that presently the
Related Group was finalising
the master plan and develop-
ment schedules.

“Related is currently final-
ising the master plan, and
development schedules. Once
this is completed a project
launch should follow the sub-
division permits, which tradi-
tionally take 12 months after
land closing to engineer and
process. The development
effort is a watershed event
for our company, as well as
citizens of South Eleuthera,”

Bahamian filmmaker secures

FROM page 1B

Proving that Bahamian film
makers and producers can
shine on the international
stage, Mr Mortimer said of
Float: “We broke through. It’s
very unlikely a short film will
get a distribution deal, but we
did it.

“We project we'll make
high-five, low-six figures from
Float in a best-case scenario.
It’s not so bad for what it is. I
made it with the intention of
not even receiving any money
back. It’s been a fantastic ride,
and I’m moving on to other
films.”

Mr Mortimer said he was
now working on two other pro-
ductions - one a Bahamas-
based documentary that is now
in “post-production”, the oth-
er another film called Day-
break that also has Bahamas
roots. ;

He is currently working to
raise money from both
Bahamian and international
investors for Daybreak, which
he said will have “an element
of Float” in it, focusing on two
Bahamian characters who
learn universal life lessons, act-
ing and speaking their true
feelings.

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.

Daybreak will require a
$650,000 budget, Mr Mortimer
said, and he is aiming to raise
$300,000 of that sum by early
May so that he can start pro-
duction and agree actor con-
tracts. He needs $170,000 to

‘meet his first financial target.

“T’ve raised $130,000 local-
ly,” Mr Mortimer told The Tri-
bune. “The budget of the film
is $650,000. We need to raise
$300,000 to start production
and get actor contracts.

“We want to start shooting
in July, so we need to reach
the $300,000 threshold by ear-
ly May. It’s a challenge to raise
that $170,000 by early May, but
I believe we can do it. I pride
myself on giving a lot more for
the money.

“I’m going to Miami and
New York again next week
Tuesday. We will have a party,
show the trailer to the film,
showcase the Bahamas, and
walk them through the busi-
ness climate.”

Mr Mortimer said that while
Daybreak, which he hoped to

‘release in 2009, would do well

going straight to DVD, he is
hoping it will reach “200-300
screens in the US in major
towns and cities”.

“T believe it deserves it,” he

'

said.

Before then, Mr Mortimer
is aiming to complete by June
2008 post-production work on
a slightly-less-than-one-hour
documentary targeted at the
TV and educational market,
called ‘J am nota Dummy’.

The moving documentary
tells the story of Bahamian
Michael Wells, who was born
in the 1960s. As a result of for-
ceps being used to deliver him
in a breached birth, Mr Wells
suffered serious neurological
damage, and no school in Nas-
sau would accept him.

Watching TV at home, he
learnt to read and write by
watching Sesame Street. When
his mother bought him a type-
writer, he wrote the words: “I
am not a dummy.”

“He was able to say he was
mentally all there,” Mr Mor-
timer told The Tribune. He
added that for the documen-
tary he and his crew had fol-
lowed Mr Wells for two years,
including around the
Caribbean.

Mr Mortimer said he felt
there was “a strong market”
for the documentary both in
the Bahamas and outside, and
was seeking support for it from
community groups in both the

he said.

Mr Schermer said the
Related Group, owned by
Jorge Perez and Stephen
Ross, were former stakehold-
ers in Atlantis on Paradise
Island.

Companies

The Related Group and its
combined companies have
developed over $25 billion _
worth of real estates develop-
ments. In addition, to its
North American and
Bahamas projects, Related
Group is developing projects
in Argentina, Colombia,
Costa Rica, Mexico, Panama
and Uruguay.

MTV deal

United States and here.

Legal Notice

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)











MOSAIC ENTERPRISES LTD.

In Voluntary liquidation

“Notice is hereby given that in accordance with Section 137 (4) of
the International Business Companies Act (No. 45 of 2000),
MOSAIC ENTERPRISES LTD. is in Dissolution.”

The date of commencement of dissolution is the 22nd day of February, 2008.

YOLANDA HARNAMJI
12 Bell Lane
Gibralter
Liquidator

LEGAL NOTICE

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT
(No.45 of 2000)

In Voluntary Liquidation

Notice is hereby given that in accordance with Section 138 (4)
of the International Business Companies Act, (No.45 of 2000),
GRACE INVESTMENT CORP. is in dissolution. Mrs. Al-
rena Moxey is the Liquidator and may be contacted at The
Winterbotham Place, Marlborough & Queen Streets, Nassau,
The Bahamas. All persons having claims against the above-
named company are required to send their names, addresses
and particulars of their debts or claims to the Liquidator before
the 31st day of March, 2008.

é

Jj

ALRENA MOXEY
LIQUIDATOR



CLIENT ACCOUNTANT

A privately held group of companies dedicated to providing tailor-made financial,
fiduciary and administrative services to corporate, trust and institutional customers
~ is seeking a Client Accountant

QUALIFICATIONS

At minimum the candidate must meet the following requirements:

Self starter with an.excellent academic background and strong organizational

skills

In pursuance of or attainment of an Associates Degree in Accounting
Proficiency with Microsoft Office - Word, Excel and Outlook
1 year’s experience in the same or similar position

The salary is negotiable and will depend on the background, qualifications and
experience of the candidate. :

Please forward, on or before 21“ March, 2008, your CV by fax together with a

covering letter to:

HUMAN RESOURCES
TELEFAX: (242) 356 9432



AFFORDABLE HEALTH INSURANCE IS JUST A PHONE CALL AWAY!

through

_ Caribbean, Latin America and the UK. _

hamas,

¢ Full Maternity Coverage & FREE
cover for children up to age 10.
_Underwritten by Lloyd’s of London _
_ (A+ rated for claims paying ability).

_ Worldwide Emergency Coverage
including the USA & The Bahamas.

Emergency evacuation by Air Ambulance.

Premiums paid monthly, half-yearly
or annually by credit card.

No Medical Examination requirement.

STARE
General
393-5529

CALL
TODAY

‘Cyril Peet Mark Reynolds

“Home delivery of The

Tribune gives me a head
start. The Tribune is

my newspaper.”

HAROLD ANTOR

INSURANCE EXECUTIVE

For delivery of the leading

Bahamian newspaper, call The
Tribune’s Circulation Department
at 502-2383 or visit our offices on
Shirley Street to sign up today!

The Tribune

My Voice. Vly Vlewgongt !


PAGE 6B, WEDNESDAY, MARCH 5, 2008

THE TRIBUNE



Owner transparency
levels in Bahamas
‘higher than US’

COMMONWEALTH OF THE BAHAMAS
2007
IN THE SUPREME COURT
Equity Side
No. 1272

IN THE MATTER OF a piece parcel or lot of
land contained by measurements three and seven
hundred and six hundreths (3.706) acres and
situate on the northeastern side of thé Queen’s
Highway in the vicinity of Palestine Baptist
Church in the settlement of Deadman’s Cay in the
Island of Long Island, The Bahamas.

AND

IN THE MATTER OF the Petition of Orlando M. Turnquest

AND
IN THE MATTER OF the Quieting Titles Act 1959

NOTICE

The Petitioner in this matter claims to be the owner in fee simple

ossession of the tract of land hereinbefore described and the
Petitioner has made an 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 the Certificate of Title granted by the Court in
accordance with the provisions of the said Act.

Copies of the Plan may be inspected during normal office
hours.at:

(1) The Registry of The Supreme Court.

(2) The Administrators Office at Clarence Town,
Long Island

(3) The Chambers of the undersigned.

NOTICEIS HEREBY GIVEN that any person having dower or
right to dower or an adverse claim or a claim not recognized in
the Petition shall before the 30th day of April, A.D.,2008 from
the publication of notice inclusive of the day of such publication
file Notice in the Supreme Court in the City of Nassau in the
Island of New Providence aforesaid and serve on the Petitioner or
the undersigned a statement of his or her claim in the prescribed
form verified by an Affidavit to be filed therewith. The
failure of any such person to file and serve a statement
of his or her claim within the time fixed by the Notice
aforesaid shall operate as a bar to such claim

Dated this 25th day of February. A.D., 2008
PYFROM & CO,
Chambers
No.58, Shirley Street,
Nassau, N.P., Bahamas

, Attorneys for the Petitioner.





Mrs. ARLENE ALBURY
Former Director, Student Activities (1987-2007)

/he College of The Bahamas
mourns the passing of a trusted
colleague, good friend, mentor and
confidante.

To honour the life of Arlene Albury,

The College will hold a memorial
service on Monday, 10th March at
10:00 a.m. at the Bandshell.



‘porate



FROM page 1B

ficial owner registry for all cor-
vehicles/entities
licensed in this jurisdiction,
said it was critical that all inter-
national regulatory initiatives
be applied "across the board".

Arguing that the US and
many European countries
were unable to compile single
registries for all beneficial own-
ers of their corporate vehicles,
Mr Moree said: "They should
not expect another country to
do something they themselves
are not prepared to do.

“Béfore they seek to impose
a condition on the Bahamas or
another country, they them-
selves should do that. Until
and unless they lead by exam-
ple, they should not push these
conditions on international
financial centres.

Level

. “In the Bahamas, there is a
higher level of transparency



| to:




BIS

Pricing Information As Of:

Abaco Markets








Recruitment Manager
BDO Mann Judd
Nassau Bahamas
Fax: 242-325-6592



with regard to beneficial own-
ership of many legal entities
than currently exists in the
US.”

Registry

While the Bahamas did not
have a single, central registry
for collecting beneficial own-
ership information on all enti-
ties domiciled in this nation,
Mr Moree said different finan-
cial services regulators pos-
sessed the required documents
on all companies that they
specifically licensed and super-
vised.

The senior partner at McK-
inney, Bancroft & Hughes
added that the Bahamas had
to be “very careful” when it
came to beneficial ownership
registers, the Organisation for
Economic Co-Operation and
Development (OECD) in the
past having called for such a
list to also include details on
trust beneficiary and settlor
identities.

This is a misconception, as

IBDO Mann Judd

BDO Mann Judd a leading professional services firm with 601 BDO Member Firm
offices in 105 countries around the globe is now seeking applications for assurance
seniors/ senior accountants to work in the assurance department. The successful candidates
will have a bachelor’s degree in accounting and a CPA, ACCA, CA or any other
qualification that is recognized by the Bahamas Institute of Chartered Accountants.

The successful candidates will have 3 years experience in auditing, and be able to work in
a challenging team driven environment. Attention to detail is a must.

Individuals with the above-mentioned qualifications should fax or email their résumé’s
info@bdomannjudd.com



Absolutely no phone calls please.
Only the applicants with the above mentioned qualifications will be contacted.

Jian

1.90








settlors and beneficiaries do
not own trust assets, which are
under the control of Bahami-
an-based trustees.
Nevertheless, such a registry
would have been deeply dam-
aging to the Bahamian finan-
cial services industry’s com-
petitiveness, Mr Moree said.
“This would be counter-pro-
ductive to private client busi-
ness, we would have serious
concerns about that,” Mr
Moree said of any demands
that mirrored the OECD’s.

Point

“The major point is that they
should not require from an
international financial centre
any information or level of
access that they themselves are
not prepared to have in their
own country.”

Pointing out that US central

. government and congressional
agencies had found that states
such as Delaware did not allow
access to beneficial ownership
information on their corporate














0.00






entities, Mr Moree said that
acceding to US demands given
this situation would place the
Bahamas at a competitive dis-
advantage.

“As a jurisdiction, we need
to be prepared to seriously
consider proposals which are
being followed by all other
jurisdictions in the interest of
good regulation, anti-money
laundering or national securi-
ty,” Mr Moree added.’

“However, they need to be
applied across the board so
there’s a level playing field,
and when they are not the
agency or organisation that is
making the proposal loses the
high ground and it then really
becomes an issue of competi-

' tiveness. :

“You can’t have some juris-
dictions living under one set
of conditions when others are
not required. to follow the
same set of conditions, which
in the marketplace makes
those jurisdictions more com-
petitive than the compliant
ones.

“It does affect the competi-

‘tiveness of different jurisdic-
tions. If it’s something that
should be done in the
Bahamas, it should be done
everywhere else.”

Agree

Mr Moree, though, did agree
with the US report’s recom-
mendation that the Bahamas
beef up its financial services
regulatory agencies, and its law
enforcement, prosecution and
judicial agencies, when it came
to combating money launder-
ing and terror financing.

The US report said: “The
Bahamas should also provide
adequate resources to its law
enforcement, prosecutorial and
judicial entities to ensure that
investigations and prosecutions
are satisfactorily completed
and requests for international
cooperation are efficiently
processed.”

In response, Mr Moree said:
“T strongly endorse those com-
ments, and I think it’s impor-
tant the central government
ensures the law enforcement
authorities have the resources
to carry out their mandate. The
same thing applies to the reg-
ulators.”





































11.80 11.25 Bahamas Property Fund 11.80 11.80 0.00 1.502 0.400 7.9 3.39%
9.68 8.50 Bank of Bahamas 9.61 9.61 0.00 0.643 0.160 14.9 2.71%
0.99 0.83 Benchmark 0.99 0.99 0.00 0.188 0.030 5.3 3.03%
3.74 1.95 Bahamas Waste 3.66 3.66 0.00 0.289 0.090 12.7 2.46%
2.70 1.25 Fidelity Bank 2.60 2.60 0.00 0.058 0.040 44.8 1.54%
13.60 10.03 Cable Bahamas 13.60 13.60 0.00 1.030 0.240 43.2 1.76%!
3.15 2.10 Colina Holdings 3.14 3.14 0.00 0.031 0.040 101.3 1.27%
8.50 4.62 Commonwealth Bank (S1) 6.90 6.95 0.05 85,450 0.428 0.260 16.2 3.74%
7.22 4.13 Consolidated Water BDRs 14.12 4.02 -0.10 0.129 0.052 32.0 1.26%
2:60 2.20 Doctor's Hospital 2.46 2.46 0.00 0.316 0.020 7.8 0.82%
7.90 5.85 Famguard 7.90 7.90 0.00 0.713 0.280 11.1 3.57%!
13.01 12.30 Finco 12.92 12.92 0.00 0.810 0.570 16.0 4.41%
14.75 13.90 FirstCaribbean 13.90 13.90 0.00 0.914 0.470 15.2 3.38%
6.10 $12 Focol (S) 5.15 5.15 0.00 7,983 0.363 0.140 14.2 2.72%
1.00 0.54 — Freeport Concrete 0.74 0.74 ° 0.00 0.035 0.000 21.1 0.00%
8.00 7.20 ICD Utilities 7.25 7.25 0.00 0.411 0.300 17.6 4.14%
: 8.60 J. S. Johnson 12.30 12.30 0.00 1.059 0.610 11.6 4.96%
10.00 Premier Real Estate 10.00 10.00 0.00 1.167 0.600 8.6 6.00%
ce Fidelity Over-The-Counter Securities - ve
52wk-Low Symbol Bid $ Ask $ Last Price Weekly Vol. EPS$__Div$ PIE Yield
14.60 14.25 Bahamas Supermarkets 14.60 15.60 16.00 1.160 0.900 13.4 :
8.00 6.00 Caribbean Crossings (Pref) 6.00 6.25 6.00 0.000 0.480 NM 7.80%
0.54 0.20 RND Holdings 0.35 0.40 — 0.35 -0.023 0.000 N/M 0.00%
Colina Over-The-Counter Securities
41.00 41.00 ABDAB 41.00 43.00 41.00 4.450 2.750 9.0 6.70%
14.60 14.00 Bahamas Supermarkets 14.60 15.60 14.00 1.160 1.125 13.4 7.71%
0.55 0.40 RND Holdings 0.45 0.55 .0.45 0.030 0.000 N/M 0.00%
g _ BISX Listed Mutual Funds Yee J yj
52wk-Hi —52wk-Low Fund Name NA V 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% x
3.7969 3.1424 Fidelity Bahamas G & | Fund 3.7442*** -1.40% 27.72%

11.9880 11.4467 Fidelity Prime Income Fund 11.9880*** 0.46% 5.53%

100.0000 100.0000 CFAL Global Bond Fund 100.00**

100.0000 100.0000 CFAL Global Equity Fund 100.00**

1.0000 1.0000 CFAL High Grade Bond Fund 1.00**

10.5000 9.6628 Fidelity International Investment Fund —_9.6628***



FINDEX: CLOSE 911.89 / YTD -4.22% / 2007 34.47%

MARKET TERMS YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity
Ask $ - Selling price of Colina and fidelity
Last Price - Last traded over-the-counter price
Weekly Vol. - Trading volume of the prior week *** 31 January 2008
EPS $ - Acompany's reported earnings per share for the last 12 mths “*** 2 January 2008
NAV-NetAsset Value 000 - 22 February 2008
N/M - Not Meaningful
FINDEX - The Fidelity Bahamas Stock Index. January 1, 1994 = 100



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

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

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

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

Daily Vol. - Number of total shares traded today

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

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

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

(S1) - 3-for-1 Stock Split - Effective Date 7/11/2007

TO TRADE CALL: CFAL 242-502-7010 / FIDELITY 242-356-7764 / FOR MORE DATA & INFORMATION CALL (242) 394-2503







** - 31 December 2007











THE TRIBUNE

WEDNESDAY, MARCH 5, 2008, PAGE 7B





Consolidated Water’s
executive chairman
to step down in July

CONSOLIDATED Water, the BISX-
listed owner of the Blue Hills reverse
osmosis plant, yesterday announced that
Jeffrey Parker would be stepping down
as its executive chairman with effect from
July 4, 2008.

A company statement said Mr Parker
would “pursue other interests”, and con-
tinue to act as Consolidated Water’s non-
executive chairman.

Mr Parker’s responsibility for strategic
business development and investor rela-
tions will be transferred to Rick McTag-
gart, Consolidated Water’s president and

' chief executive.

Mr Parker has been a director of Con-
solidated Water Company since 1980, and
chairman since 1982. He served as chief
executive of the company from 1982 until

January 1, 2004, following which he con- FRAgMA MUGS



tinued his employment with responsibility
for strategic business development and
investor relations activities.

“On behalf of management, the Board
of Directors and shareholders, I would
like to express our appreciation for Mr
Parker's 25 years of dedicated executive
service to Consolidated,” said Mr McTag-
gart.

“He served as chief executive of the
company during a period of rapid growth,
during which Consolidated emerged as an

' internationally-recognised leader in the
conversion of seawater into potable water
throughout the Caribbean region. :

“We are delighted that he will continue
to be actively involved in the company's
future as chairman of the Board, and we
wish him all the best in the pursuit of his

‘New interests.”

x

South Ocean’s new
owner says lay-offs
not their decision



FROM page 1B

55,pergons €mployed fora
whole host of reasons, includ-
ing the hotel. When they deliv-

ered the property to us, we’

agreed to keep on 30 people

or so, which given that the .

hotel is closed and the golf
course will open in several
months, is a large number.
“We’re carrying a fairly sig-
nificant staff relative to what’s

going on there, which I think



speaks highly of us and the
plans we have.”

Although RHS Ventures
and the new South Ocean

Development Company were.

being blamed by those staff
released by CCWIPP, Mr Stein
added: “It’s just one of those
things. People are looking at
the wrong horse.

“They were released by ite

pension fund, not by us.”

Mr Stein confirmed that his
company had completed all the
land acquisitions necessary to
facilitate his $867 million rede-
velopment of South Ocean.

Some three land parcels in
total were involved, and a pre-
vious $33 million deal had
been closed for some of the
land with the New Providence
Development Company.

“We just .closed a few days
ago - about 10 days ago,” Mr
Stein said. “We'll be demol-

‘ishing all the buildings pretty

soon, and we will be hiring
some Bahamian contractors to
do that.”

The South Ocean project is
slated to include a 140-room
five-star, and 400-room four-
star, resorts, a 40,000 square

foot casino, fractional villas,

180 timeshare units, second

homes, convention centre,
marina, tennis facilities and
spa.

The vertical construction
phase is scheduled to cost $500
million, with associated infra-
structure a further $200 mil-
lion.

The draft economic impact
study for the South Ocean
Development projected that it
would create 1,358 full-time

‘jobs when fully open, plus

1,200 direct construction jobs
at full build-out.

Ten Tae
just call 302-2362 today!

NOTICE

NOTICE is hereby given the JACKSON CHARLES of
CARMICHEAL ROAD WEST, P.O. BOX SB-52524, NASSAU,
BAHAMAS, is applying to the Minister resposible for Nationality
and Citizenship, for registration/naturalization as a citizen of
The Bahamas, and that any person who knows any reason
why registration/naturalization should not be granted, should
send a written and signed statement of the facts within twenty-

eight days from the 5TH day of MARCH, 2008 to the Minister
responsible for Nationality and Citizenship, P.O.Box N - 7147,
Nassau, Bahamas.

NOTICE

NOTICE is hereby given the DONAVAN GENE ENNIS of
NASSAU VILLAGE, P.O. BOX N-7895, NASSAU, BAHAMAS,
is applying to the Minister resposible for Nationality and
Citizenship, for registration/naturalization as a citizen of The
Bahamas, and that any person who knows any reason why
_registration/naturalization should not be granted, should send
a written and signed statement of the facts within twenty-
eight days from the’ 5TH day of MARCH, 2008 to the Minister
responsible for Nationality and Citizenship, P.O. Box N - 7147,
Nassau, Bahamas.

PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL

The Public is hereby advised that !, LAMARA CHENEI
_ MCINTOSH of Palm Beach Country, Florida, intend
to change my name to LAMARA CHENEI DAVIS. If
there are any objections to this change of name
by Deed Poll, you may write such objections to
the Chief Passport Officer, RO.Box N-742, Nassau,
Bahamas no later than thirty (30) days after the date
of publication of this notice.









Legal Notice

NOTICE

FALCON’S FLAME LIMITED

Notice is hereby given ‘that in accordance with Section
138 (8) of the International Business Companies Act 2000,
the dissolution of FALCON’S FLAME LIMITED 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

UDON LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of UDON 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

ZOUG LIMITED

Notice is hereby given that in accordance with Section
138 (8) of the International Business Companies Act
2000, the dissolution of ZOUG 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)


_PAGE 8B, WEDNESDAY, MARCH 5, 2008 THE TRIBUNE _

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