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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Investigation claims alleged
drug dealer paid police to
be freed from custody

@ By PAUL G TURNQUEST
Tribune Staff Reporter

pturnquest@tribunemedia.net

THE Royal Bahamas Police
Force is expected to charge a
number of persons who are
accused of allowing themselves

_ to be bribed by an alleged drug ©

dealer at the Elizabeth Estates
Police Station earlier this week.

According to initial reports,

drug accused Melvin Maycock
“Sr, who police have sought fora

number of years, had been

arrested by police last week in

what was seen as a great coup
‘for the force.

However, after being secured
at the police station, it was not
more than 24 hours later that
Drug Enforcement agents

Teenager
airlifted to
PMH after
being shot

@ By TANEKA
THOMPSON
Tribune Staff
Reporter
tthompson@
tribunemedia.net

AN EIGHTEEN-YEAR-
OLD resident of Freeport
was airlifted to the Princess
Margaret Hospital early
Thursday morning after
being shot in his right fore-

SEE page 11

a
arrived to find that Maycock
was no longer in his cell.

An investigation launched
revealed that officers had been
either paid, or promised pay-
ment in return for Maycock’s
release, The Tribune was
informed.

According to a well-placed
source within the Police Force, a
massive investigation is under-
way into the matter. In fact, the
source said, two persons are
expected to be taken before the
courts “very shortly.”

While the amount of what
monies were promised is still a
matter for debate, sources allege
that the sum is within the range
of reportedly $15,000 for each

SEE page 11

Woman is in
custody in
connection

iwith robberies

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

A WOMAN is in custody
today in connection with a
spate of robberies through-
out the Palmdale area —
thanks to The Tribune and
an alert receptionist.

The suspicions of a recep-
tionist at Rainbow Dental in
Palmdale were raised on
hearing a woman try to
make an appointment under
the name of “Saunders”

SEE page eight



NTN a eed Aka



bene ag tt eed heh cae





















yn,



6
Bethel hits out at
former PM and
his Cabinet over _|
Baha Mar project

â„¢@ By TANEKA THOMPSON. -
Tribune Staff Reporter
tthompson@tribunemedia.net

EDUCATION Minister Carl
Bethel berated former prime min-
ister Perry Christie and his Cabi-
net Thursday for delaying the
Baha Mar project more than a
year and a half after the funda-
mental terms of the Supplemental
Heads of Agreement were sub-
mitted to them.

Speaking from the House of
Assembly yesterday, Minister

SEE page eight
Severe weather
on Grand Bahama

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

FREEPORT - Grand Bahama experienced severe thunder-
storms, heavy rain, and even possible hail activity on Wednesday
evening.

The severe weather conditions caused flooding and brief power
outages in areas throughout the island.

According to weather officials in Freeport, a thunderstorm cell
moved over the island, bringing heavy rainfall and lightning.

Although there were reports of hail in the western area of Grand
Bahama, weather officials could not confirm any hail activity.

Trynad Tynes of the Grand Bahama Weather Department
reported that 2.2 inches of rainfall were recorded by the Freeport
Weather Office at the Grand Bahama International Airport.

SEE page eight

Ground broken on $70m PTC ny





Felipé Major/T ribune staff



MP CYNTHIA PRATT, Minister
of Works Earl Deveaux and
Judy Munnings Deveaux,
president of JEM Real Estate
at the groundbreaking.





@ By CARA
BRENNEN-BETHEL
Tribune Business
Reporter




GROUND was broken:
yesterday on Emerald
Coast, the new $70 million
gated community in South
Westridge fully owned and |
developed for Bahamian
families. .

The property will feature;
126 lots on 37 acres with a
combination of single-fami-. |
lies residences and town-
homes. The development
will feature a playground, a
retreat park, professional-
ly, landscaped common
grounds and is right on























Lake Killarney and the sur-
rounding wetlands.
According to Judy

| Munnings-Deveau», the
president of J.EM. Real
Estate, the developers of |.
the project, the British West
Indian Colonial styled sub-
division is meant to evoke
the feel of old Bahamian
“big yard” communities.

It is meant to attract up
and coming Bahamian fam-
ilies as well as retirees.

“We are very excited
about this project, not only
because of the beauty of the
setting with nearly six acres
of preserved. natural wet-
lands, on the lakefront, but
because every conceivable
square inch from planning
to design to execution is
being designed by Bahami-
ans,” Mrs Munnings-
Deveaux said.

She added that there is a

SEE page eight
























i 1 = Z oe
- Officers in ‘bribes’ allegations

Pleasant Bridgewater

~ ‘was on lookout for vote

planting in election’

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

PLEASANT Bridgewater
told the Election Court yester-
day that she was on the lookout
for vote planting in the Marco
City constituency during the last

~ election.

The statement emerged in
relation to a house at No. 91
Adventurers Way in which
Charles Lowe, a voter being
challenged by Ms Bridgewater,
was registered.

Ms Bridgewater claims the
residence ‘was dilapidated and
not inhabited during the rele-
vant six-month period before
the general election.

_ Fred Smith, lead attorney for
Zhivargo Laing, suggested to
Ms Bridgewater that not only

‘did Mr Lowe live at the loca-
~ tion, but he directed her to the

names of three other people
Rodrigo Scavella, Felicity
Brown and Javaugha Lowe,
who also were listed as having
resided at the location.

' Upon hearing of the other
names, Ms _ Bridgewater
remarked to the court that she
should have challenged the
names Mr Smith mentioned

SEE page 11

Laing storms
out of House
in row with

Frank Smith

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

MINISTER of State for
Finance Zhivargo Laing
stormed out of the House of
Assembly yesterday, challeng-
ing the PLP MP for St Thomas
More, Frank Smith, to follow
him and make his assertions of
corruption in the public domain
so that Mr Laing could take
legal action against him.

Obviously agitated, Mr Laing
jumped out of his seat and chal-
lenged the MP to meet him out-
side of parliament and make his
accusations there.

Mr Smith, at this time, was
still on his feet, making his con-
tribution to the resolution of
the Baha Mar debate. While not
speaking to the Baha Mar deal,

SEE page 11



ees





PAGE 2, FRIDAY, MARCH 7, 2008 |

THE TRIBUNE



Health Minister underscores the



























































Ue Od tts F Dr. Hubert Minnis

DOUBLE

FILET O' FISH

A good bus
plan is based on
sound strateg

Your company pension
plan should be too.

Dr. Hubert Minnis speaks of the

possible impact of global warming

@ By MATT MAURA

THE threat of climate change
as a result of global warming
and the negative impact it can
have on low-lying countries
such as the Bahamas makes it
“very important” for the coun-
try to preserve its hills, wetlands
and ecosystems, Minister of

Health and Social Development -

Dr Hubert Minnis said.
Addressing parliament on a
resolution for approval for the
.treasurer to sell portions of
West Bay Street, the Cable
Beach median; the Sir Cecil
Wallace Whitfield Centre, and

the Cable Beach police and fire _

stations to the Baha Mar Devel-
opment Group, Dr Minnis said
the protection of the wetlands
has to be a priority in all devel-
opments in the Bahamas —
including the one proposed by
Baha Mar~—as they are critical
to the country’s short, medium
and long-term survivability.
“Our wetlands assist with

, groundwater replenishment and

water purification and minimise
the possibility of. flooding and
that is.a gréat concern to com-
munities such as the, con-

| stituency of Killarney,” Dr Min-
- nis told House members:

- “The wetlands are home to

_ all forms of wild birds, various
‘species of wildlife’ and several
_ species of fish which all play a
' critical role in maintaining the

balance of the country’s ecosys-

| tems.

“Once one can appreciate the

value and nature of wetlands,

they will‘understand why wet-
lands and those types of things
that should not be touched,” Dr
|Minnis added. ;

|. The Minister of Health and
Social Development, whose
‘portfolio includes the environ-
iment, said there were some ini-

tial concerns ‘that the wetlands

in the ‘Baha Mar development
area would be: “filled in”.

-Dr Minnis said’ the western
part of New Providence is





“The wetlands are home to all forms

of wild birds, various species of wildlife
and several species of fish which all
play a critical role in maintaining the
balance of the country’s ecosystem.”



already low and currently expe-
riences some degree of flood-
ing, and that such a step would
only make this worse.

He said persons living in
Grand Bahama and Long
Island who have experienced
severe flooding, can speak not
only to the devastation that can
be caused in terms of damage to
housing, agriculture, livestock
and infrastructure, but also to
the “psychological impact” it
can have on human beings.

He said the preservation and
conservation of the wetlands

_ can also have a positive impact
on the economy of the Bahamas
through eco-tourism earnings.

Dr Minnis said he was “very
happy to have been informed”
that Baha Mar will provide $1
million for the development,
preservation and conservation
of 71.4 acres of “sensitive, envi-
ronmentally friendly wetlands”
within the constituency of Kil-
larney, provided the develop-









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Dr. Hubert Minnis

ment proceeds. Another $1 mil-
lion, Dr Minnis said, is sched-
uled to be used to establish a
foundation that will be respon-

_ Sible for ensuring the sustain-

ability and integrity of those
wetlands.

“It is important for us.to
remember that the entire
Bahamas is considered a coastal
zone which means that with all
the climate changes that are
occurring today and the seas ris-
ing and glaciers melting, that
the Bahamas is further prone
to flooding,” Dr Minnis added.



© In brief



Business as
normal again
at bank's
Abaco branch

COMMONWEALTH Bank
announced yesterday afternoon
that its Marsh Harbour, Abaco
branch is operating normally
once again.

The branch was closed yes-
terday morning as an apparent
electrical problem caused
smoke to appear to fill the
building.

“Prompt action by the man-
ager, Ms Jacqueline Estevez,
and her staff prevented any
injuries to staff and customers
and damage to the building,”
said the bank in a statement.

The branch was re-opened
shortly after 1pm, after being
inspected by Fire Branch offi-
cers and local electricians.

Commonwealth Bank oper-
ates branches in New Provi-
dence, Grand Bahama and
Abaco.

your
news

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

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

1 DAY ONLY! ©

Wendy's Team
Recruitment Drive

who?

Crew & Maintenance

when? Wed. March 12, 2008
time? 9a.m, -2 p.m.
where? Wendy's Thompson Blvd.

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Management Opportunities
Great Benefits
Flexible Hours

Interested persons should bring valid
identification and police record,

Do what tastes right,



| www.cfal.com

#









/



THE TRIBUNE

LOCAL NEWS

FRIDAY, MARCH 7, 2008, PAGE 3



Wholesaler: No grounds
for salmonella concern

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

A LOCAL wholesaler yes-
terday said that fears of Salmo-
nella contamination, which
prompted a recall of certain
Aunt Jemima products in the
US this week, are not applicable
to the same products imported
into this country.

The US Food and Drug
Administration issued a recall
on Tuesday for Aunt Jemima
pancake and waffle mixes
because of the potential health
hazard.

However, Marcian Cash,
sales and Marketing manager
with Thompson’s Trading —
the sole distributor for Aunt
Jemima products in the
Bahamas — said that Aunt
Jemima’s parent company, Pep-
si, had assured the wholesaler
that the suspect lots were sepa-
rate from those exported to this

US recall of certain Aunt Jemima
products ‘not applicable to Bahamas’

region. Thompson’s Trading
supplies both the Super Value
and City Market chain of food-
stores.

Mr Cash added that con-_

“sumers can rest assured that
whereas with certain other
brands, which stores in this
country will sometimes import
directly from the US rather than
through a wholesaler, or from
other markets, with Aunt Jemi-
ma products this does not tend
to occur thereby making it yet
more unlikely that any conta-
minated product would have
reached our shelves.
According to the U.S. Cen-
tre for Disease Control, Salmo-
nella is a bacteria that can cause
diarrhoeal illness in humans.

International
oy oye leo merit
S105 a barrel

2 supplies
MOBIC)




lm By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

INTERNATIONAL oil
rices hit an unprecedented
105 a barrel yesterday — the

day after a surprise drop in US
crude oil supplies and a deci-
sion by OPEC not to boost pro-
duction, the Associated Press
reported.

Oil prices hit a record $105.10
a barrel, and earlier in the week
a previous record set in 1980 —
during the Iran hostage crisis —
of $103.76 a barrel was sur-
passed, international reports
said.

The steady climb of interna-
tional oil prices has many in the
Bahamas wondering what the
effect will be on electricity bills.
Every year since 2006, the
Bahamas Electricity Corpora-
tion’s fuel surcharge has
increased by around 67 per cent.

According to BEC’s Fuel
Surcharge Chart, this month’s
surcharge will increase to $.1649
from $.96735 in March 2007.

In February, BEC’s fuel sur-
charge was $0.164, a significant
increase from the fuel surcharge
in February, 2007 of $0.098638
and the surcharge of $0.097073
in February, 2006.

In January, 2008 BEC’s fuel
surcharge was $0.14945, a 50.7
percent increase over the pre-
vious year’s surcharge of
$0.09914. The surcharge was
$.108948 in January, 2006.

Decosta Bethel of BEC told
The Tribune that while fuel sur-
charge increases are closely
related to rising costs of crude
oil internationally, the effects
of these spikes will not be seen
immediately.

“The fuel surcharge (which
is used to calculate electricity
bills) is tied to the prices that
BEC has to pay for fuel. How-
ever the prices that BEC pays
for fuel will always lag behind
what you see reported in the
news today about rising crude
oil prices”.

“What happens is that the
refinery buys that crude oil at
the reported price, stores it for a
number of weeks before selling
it to (local fuel providers) who
then sell it to motorists and
BEC,” he explained.

Minister of State for Public
Utilities Phenton Neymour

10t to boost - .
production —



The elderly, infants and those
with impaired immune systems
are particularly at risk of a
severe illness if they come in
contact with the germ.

“Most persons infected with
Salmonella develop diarrhoea,
fever, and abdominal cramps 12
to 72 hours after infection.

“The illness usually lasts four
to seven days, and most persons
recover without treatment.
However, in some persons the
diarrhoea may be so severe that
the patient needs to be hospi-
talized.

“In these patients, the Sal-
monella infection may spread
from the intestines to the blood
stream, and then to other body
sites and can cause death unless

@ PHENTON NEYMOUR (above)
recently said that government was
working with a special BEC com-
mittee to explore the possibility of
using alternative energy sources
such as biodiesel.



A GENERAL view of the meeting of oil ministers of the Organization
of the Petroleum Exporting countries at the OPEC's headquarters in
Vienna, Austria, on Wednesday. Chakib Khelil, president of OPEC said
the cartel is shying away from boosting production due to expecta-
tions that global demand for crude will fall during the second quar-
ter. Khelil's comment helped to halt the slide driven by investors still
betting the cartel will boost production to bring prices down.

OPEC PRESIDENT and Algeria's Minister of Energy and Mines, Chak-
ib Khelil, speaks at a news conference following a meeting of the min-
isters of the Organization of Petroleum Exporting Countries at their
headquarters in Vienna, Austria, on Wednesday.

recently said that government
was working with a special BEC
committee to explore the possi-
bility of using alternative ener-
gy sources such as biodiesel to
mitigate rising oil prices world-
wide-wide.

Biodiesel fuel is a domestic,
renewable fuel derived from
natural oils like soybean oil,
according to the website

Ronald Zak/AP Photo

www.biodiesel.org. It is a clean
burning alternative fuel which is
environmentally friendly,
biodegradable and non-toxic.

TROPICAL
a

FOR PEST PROBLEMS
Ruse





the person is treated promptly
with antibiotics,” explains the
website.

The U.S. FDA lists the affect-
ed products as: five pound box-
es of Aunt Jemima Buttermilk
Complete, number 30000 43272;
two pound boxes of Aunt Jemi-
ma buttermilk complete, num-
ber 30000 05300; two pound
boxes of Aunt Jemima Origi-
nal, number 30000 05040 and
two pound boxes of Aunt Jemi-
ma Original Complete, number
30000 05070. The lots are
stamped with expiry dates of
February 8th 2009 or February
16th 2009.

No illnesses have yet been
reported in the U.S. in relation
to the recalled products.






For

Bahamas Bus & Truck Ctl Ltd,

Montrose Avenue
Phone:322-1722 ° Fax: 326-7452

“Aurry, H urry, Hurry and
Get Your First Choice

Bank Ano Inourance

Check Our Prices
Before buying
















_ Galleria ria Cinemas :

The Mall-at-Marathon
BOX OFFICE OPENS AT 10: 00 AM DAILY

EFFECTIVE MARCH 07TH, 2008

10,000 BC NeW | 1:10 | 3:30 | NIA | 6:t0 | 8:40 [10:55 |
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ATRA, EXTRA,
EXTRA,

Large Shipment
of
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/COME CHECK}
US OUT|

New Shipments Arrived]






Easy Financing







On Premises








PAGE 4, FRIDAY, MARCH 7, 2008

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited



NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI





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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

TELEPHONES

Publisher/Editor 1972-

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



THE NEXT big debate is going to be the

redesign and beautification of downtown and ,

the removal of the container port from Bay
Street.

There are two points on which all agree.
The revitalisation of Bay Street is urgent and
the removal of the shipping facilities is a part
of that urgency.

There are those who say that the south-
west is a superior location to Arawak Cay
for the new port, and there are others who are
pulling for an Arawak Cay location.

Because of the urgency of the exercise
and the many other pluses going for it,
Arawak seems to be the most sensible loca-
tion, if only in the short term.

If the rejuvenation of Bay Street is to be
completed before the end of the year, Clifton

_ in the southwest seems to be out of the ques-
tion because it involves an even larger and
more complex operation than Arawak and
presumably cannot meet the completion
deadline.

Another advantage for Arawak is that

government would have to spend $400 million .

to buy the land of others in the southwest to
get the needed acreage for the new Clifton
port.

The plus for Arawak is that government
already owns the land and $400 million can be
chalked up as savings to the taxpayer. |”

Environmentalists will have*to study ‘the
reef formations in the Clifton area, especial-
ly after last week’s grounding off Goulding
Cay of the large oil tanker, Ficus, with 120,000
barrels of oil on board.

Although damage is yet to be assessed,
environmentalists are concerned about the
possible damage to endangered species of
coral that grow in the area. Creating a port to
service even larger container ships invites
increased marine traffic to the area, and an
even greater threat to marine life. Is this
wise?

There are also many commercial consid-
erations, one of them being the rising cost
of transporting goods that extra distance.
Arawak Cay is a shorter route into town,
and less time spent on the road for business
persons collecting their goods.

According to government, for the present
no container will be allowed to be moved
during the day. “That’s very positive,” said

_Charles Klonaris, chairman of Nassau
Tourism and Development Board, “and fur-

Pe EST ror TH WEE 7
“Hope Like An Anchor
Holds To The Unseen.”

SUNDAY SERVICES
7:00am, 9:00am, 14:15am

Freeport fax: (242) 352-9348

Container port pros and cons



ther to that, no containers will be visible on
their properties.”

He said that they are encouraged that gov-
ernment “is moving forward expeditiously,
and feel that they’ve really speeded up the
process of revitalising downtown.

“There is the drive to move the containers
out of Bay Street in as short a time as possi-
ble,” he said. -

“It is practical, and the timeframe for mov-
ing these containers is right now.”

Once they are gone, he believes, Bahami-
an businessmen will turn their attention to
upgrading their own establishments and cre-
ating a new Bay Street.

We understand that there are three inter-
ested groups that have proposals to put
before government. — the Hutchison Wham-
poa group out of Freeport, Mediterranean
Shipping Company, and Tropical Shipping,
representing the Nassau-based shippers.

Shipping has always been Bahamian-
owned, spearheaded by old Bahamian fami-
lies.

We hope that it will continue to be and
that the Bahamian group will be given a
favourable edge.

We also understand that whichever group
wins the contract the building of the new

_..port will cost the Bahamas government noth- ,
ing

soverucent provide 50 acres of land on Glad-
stone Road to hold the containers. In view of
the large concessions given to foreigners, this
seems a small request from Bahamian busi-
nessmen.

Although many believe that the Clifton
site is preferable — probably on the premise
that “out of sight is out of mind” — it is felt
that the Arawak site is feasible for at least
another 10 years.

According to Dr Earl Deveaux govern-
ment has been told that the shipping compa-
nies could be open within six months at the
new location. However total completion time
would be 18 months.

With that out of the way the next order of
business will be green spaces for Bay Street,
which will mean pedestrian areas — cobbled
stoned, said the Prime Minister — because
greenery and cars’ exhaust fumes don’t mix.

This should give Bahamians something to
look forward to in addition to giving an added
boost to our lagging tourist industry.




»

PASTOR EARLE FRANCIS J.P.,D.D.

Marriage Officer, Counsellor. Intercessor
2 +5798

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Phe: Bahamian group’s only request is that





Why police
should be
returned to
the schools

EDITOR, The Tribune.

I HAVE never been a sup-
porter of an armed police
presence in our local schools,
especially here in New Provi-
dence. My opinion, for a long

- time, was that it was inappro-

priate to appear to be ‘mili-
tarising’ our educational cam-
puses.

Like many Bahamians over
forty years of age, I was of the
view that the Christian based
values which are taught to us
by our parents; teachers and
older relatives, were sufficient
to instil in our school aged
children the necessity of good
behaviour; social skills and the
creation and maintenance of:a
safe learning environment.

In recent times, since the
beginning of this blessed year,
we have been shocked by see-
ing and hearing about the
apparent murders of at least
three of our school aged chil-
dren. One stabbing occurred
on or very near to a school
campus. Another occurred in
the parking lot, allegedly, of
a food store. It is also alleged
that one of those students was
shot and killed while at a bus
stop in the heart of the down
town area.

Regardless, however, to
how or where a child (or an
innocent adult) is mowed
down, in the tender years of
his/her life, we, as a nation,
must stop; take stock and turn
back to our ancient landmarks
and foundational stones.
Crime is not and should not
become a ‘political football’
or fodder for bogus commen-
tary by our political and reli-
gious leaders.

With some three to 4,000
known churches in The
Bahamas, it is totally incon-
ceivable that we would have
recorded some 80 homicides
in 2007 and have now reached
number 13 in less than the first
three months of this year.
Some might say that I am
seeking to ‘bash’ the collec-
tive church but they would be
wrong in the extreme.

The beef that I have with
the collective church is that
when one needs to see, hear
and feel it, it is only after an

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incident that it rears its head.
At best, The Bahamas Christ-

ian Council and the much cel-.

ebrated “Commission on
Crime”, headed by Bishop
John Humes and Bishop
Simeon Hall, respectively, are
in my opinion useless and a

- waste of scarce resources.

Every so often, with all due
respect, we see and hear about
a “press conference” or a
“press release” by these men
of the cloth on selective issues.
The church is supposed to be
proactive but it has now
emerged as an ad hoc “hospi-
tal” for the spiritual dead and
the dying miscreant. Yes, they
will talk about “gambling” but
a large section of its member-
ship conduct raffles and bin-
gos each year. Why is it good
for a segment of the church
to conduct games of chance
but the minute someone
spends a dollar on a three or
four ball that everyone who is
in a robe or a long dress gets

. all bent out of shape?

Because of these double
and triple standards, there are
no real and clear solutions to
the vexing problem of vio-
lence on our school campuses
and amongst our student aged
population. The presence of
armed police officers on our
campus, rightly or wrongly,
would send a strong message
to our “bad” children.

The FNM administration
and its Minister of Education
must revisit this possibility as a
part of a wider attempt to
think outside of the prover-
bial box. They cannot just
repeat, ad nauseum, the
mantra that there is no need
for police officers in the
schools when they do not have
a single clue as to how to curb
and reduce violence on our
school properties and the
nearby environment.

The Hon Carl Wilshire
Bethell (FNM-Sea Breeze) is
an ambitious man and one
whom I believe aspires to the

high office of Prime Minister
itself. He, just like the Hon
Tommy O A Turnquest
(FNM-Mt Moriah), our erst-
while National Security Min-
ister, cum Immigration, has a
date with destiny.

Bethel must, in short order,
present a viable and well .
thought out plan of action to
reduce and eliminate school
violence. If he fails to do so
before the middle of this year,
he may as well kiss his pursuit
of higher office good-bye. If
one more student were to die,
while at or near to school,
Bethel will not be treated -
kindly by the Bahamian elec-
torate. He must be ever mind-
ful that he secured his return
to Parliament just by the skin
of his teeth.

Turnquest cannot and will
not succeed as Minister of
National Security. He simply
lacks the persona of someone
who is to be taken seriously
as chief law enforcement offi-
cer of the nation. Perhaps, he
is just too youthful looking
and, perhaps, unfairly, too
many regard him as a privi-
leged young man.

It is his historical opportu-
nity, if he has the fire in his
belly, to secure his place on
the greasy pole by. getting a
firm grip ‘(just ‘like the lion’s

paw) on crime and the pervd-
Sive fear of crime. If he suc-

ceeds, his’ chances of taking
over from the current Prime
Minister, over the course of
the final years of this final
term, would be better than
those of any challenger.

If he fails, however, or if the
homicide rate for 2008 is
greater than 2007, he too may
as well kiss his ambitions
good-bye. I urge that senior
armed police officers be ©
returned to the school cam-
puses immediately, especially
during the morning hours;
lunch time and immediately
before schools are dismissed
for the day. To God then, The
Great I Am That I Am, in all
things, be the glory.

ORTLAND H BODIE JR
Nassau,
March 1, 2008.

Baha Mar development:

Unhappy with answers

to my three questions

EDITOR, The Tribune.

THANKS to Baha Mar for
answering our requests and
hosting the Town Hall Meet-
ing.

The development as a
whole is much better than I
anticipated, especially if they
fulfill their promises of the
wetlands park, and include the
bike track I requested!

However, I was not particu-
larly happy with the answers
to my questions.

I asked three:

1) Why not build a bridge
or tunnel to connect Skyline
Drive, so that the thousands
who drive here would not be
inconvenienced by the few
who wish to play golf?

A) Too expensive!

2) Will the beach be
restored and the grotto
removed?

A) Yes (with applause from
the audience).

3) What will you do with all
the garbage generated by the

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3,600 rooms’ occupants, din-
ers, and the thousands of
staff?

A) No plan! Adding to our
existing landfill which is
already a problem!

After the meeting I spoke
to Mr John Pagona, who stat-
ed that incineration was an
option.

I wonder though if he is
aware of the three-year EPA
plan The Bahamas has com-
mitted to?

Incineration is not recom-
mended by any environmen-
tally friendly research groups
that I know of.

Two of our biggest assets
are the clear skies, and clean
ocean, something that cannot
co-exist with incineration.

Where would this incinera-
tion occur?

On Carmichael Road with
the Sewerage treatment plant?

Carmichael Road residents
should have been aware of the
Town Hall Meeting too, as the
development plan to put the
sewerage treatment site there!

I wish I had also asked
where the staff will be park-
ing?

SARA APPLETON
Nassau,
February, 2008.



THE TRIBUNE

FRIDAY, MARCH 7, e008: PAGE 5



Oln brief

seceeWebiecnccereccecccceseseeccserceeceseesescenressavoees

Hugo Chavez
pledges energy |
for Argentina;
Venezuela to
receive food
from Argentina |

Go CARACAS, Venezuela

PRESIDENT Hugo
Chavez pledged Thursday
to supply Argentina with
enough energy to stave
off recent Shortages, while
Argentina’ s leader vowed
to help Venezuela meet
its food needs, according
to Associated Press.

Argentine President
Cristina Fernandez's gov-
ernment offered to help
supply Venezuela with
milk, beef and other sta-
ples that have been spo-
radically hard to find in
markets. Availability
could be strained further
if Chavez follows through
on his threat to slash com-
mercial ties with Colom-
bia amid a diplomatic cri-
sis.

Venezuela also invited
Argentine energy compa- -
ny Energia Argentina SA,
or Enarsa, to take part in
a heavy crude oil project
in the lucrative Orinoco
River basin.

‘All the oil that
Argentina may need for
all this century, Cristina,
is here in Venezuela,''
Chavez said. The same is
true for natural gas, he
added. ;

~The presidents spoke
after signing a series of
accords, including an
agreement to set up a
joint venture between
Enarsa and state-run oil
company Petroleos de
Venezuela SA.

An unusually harsh
winter last year led to
energy shortages in
Argentina that briefly .

-idled some factories and ..,» :
natural-gas- no nerer te Lietes

; ies ets.;

ah. ddRGE



SENATOR Frederick
McAlpine accused the former
government of “gross negligence”
during the Senate debate on two
resolutions which convey prop-
erty to the Ministry of Housing.

He said the PLP’s lack of trans-
parency and inability to manage
funds leaves a bitter taste in the
mouths of the Bahamian people
and all those who expect and
accept good governance.

“This is just housing. You
wouldn’t like to know what’s
been going on in some other
areas. But mama told me time
longer than rope, and in time the
Bahamian people will see and

LOCAL NEWS

Senator accuses former
govt of ‘gross negligence’

hear some startling revelations,”
Rev McAlpine said.

One resolution conveys an
11.80 acre territory in the Propel
Water Work Tracts. The other
resolution conveys a 23.91 acres
of land in the Pride III subdivision
to the minister responsible for
housing.

Rev McAlpine said that hous-
ing for those who are of low and
medium financial status is a major
priority for the new FNM gov-
ernment.

“Our government is aware that
the citizenry’s greatest and sin-
gular most important investment
is that of possessing their own

Five businesses

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

destroyed by fire

FREEPORT - Five businesses were completely destroyed by fire
shortly after midnight when flames swept through the Auto Trader

Building on Oak Street.

Although investigations are still continuing, it is believed that light-
ning from a severe thunderstorm on Wednesday evening may have

been the cause of the fire.

The building, which is situated in the Industrial Zone area of
Freeport, is estimated to have sustained several hundred thousand
dollars worth of damages. All the merchandise in the businesses was

lost.

Superintendent of Police Basil Rahming said the fire started inside
the building, which is located behind Stac House. A passing motorist
alerted fire officials who arrived at the scene around 12.45am.

Firemen were still at the scene during the day extinguishing the
smoldering fire and tending to hot spots.

In addition to the Auto Traders repair shop, Mr Rahming said, the
other businesses in the building sell electrical supplies, offer welding and
iron work, and rent out sound equipment.

“All of the establishments lost their entire inventory to the raging

inferno,” he said.

The warehouse, which is owned by Lester Smith, was insured — but
its contents were not.

Mr Rahming said fire officials have so far been unable to determine
the cause of the fire and are still investigating.

However, it is suspected that lightning may have been the cause.

“While the cause of the fire cannot be determined until sometime
after the.blaze has, been completely extinguished, police suspect that a
severe thunderstorm with very heavy lightning activity that lingered
over the Freeport area for most of the night, may have contributed to

_the destructive blaze, * he said.

Nurses Association members pay
courtesy call on Governor General

home. Our predecessors in
office’s desire to build homes was,
nor is, greater than our desire to
see Bahamians in their own hous-
es,” he said.

The senator said the PLP wants
the country to believe that they
did such a great job in terms of
housing — but fail to mention at
what expense.

“T, similar to many other
Bahamians, feel that the former
government administration has
been playing with the intelligence
of the Bahamian people; or they
simply felt that they were clever
than everybody else and the rest
of us are fools.”

He said that during the 2002
campaign, the PLP promised that
they would end the exemption on
the payment of stamp tax for
houses up too $250,000 for first
time owners.

“That was their promise, not
ours,” Rev McAlpine said...
He pointed out that the PLP
won the government and passed a
resolution to implement the tax
exemption; but the resolution
passed in 2002 ended December
31 2007.

“Now the deception to the peo-
ple by our forerunners is to make
believe that we took away this
exemption that they approved
only for a limited time. They pro-
claimed they did it for the poor,
and that they’re the only party
for the poor — so they believe.
Ironically, they thought the poor

Senator Frederick McAlpine



would only be a round for five
years. Jesus taught me better than
that,” the senator said.

Rev McAlpine said that in his
estimation, they would have made
this resolution for five years
because they intended to use it
as a political “manipulation or
football; or perhaps they them-
selves knew the importance of

‘this tax to the treasury of the

Bahamas and had intended to
remove it after a period. What-
ever their motives were it’s now

open for interpretation”.

“Either way, they fumbled the
ball on this matter.

“We have recovered and we
intend to make a touchdown in
the Ministry of Housing,” Rev
McAlpine said.

He pointed out that $172,800
has already been spent on hous-
ing in three scattered sites in New
Providence, which cannot be
recovered because the minister
of housing does not have the title
for these lands.

“We're not trying to cast blame
on our predecessors as much as
we’re trying to inform the
Bahamian public as to why we
are where we are in the Housing
Ministry,” Rev McAlpine said.

The senator said that the gov-
ernment has many good plans
that it would like to execute in
the area of housing for the
Bahamian people, including:
reducing the downpayment
required for government guaran-
teed home mortgages to five per
cent of the total cost of utility
connection and other fees and
charges.

“Our government is deter-
mined to see the advancement of
long life dreams fulfilled in the
area of housing for all Bahamians.
After all, the present prime min-
ister was: the first minister of
housing; as he was successful and
committed then he is committed
now to leading this charge
through his minister,” he said.

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PAGE 6, FRIDAY, MARCH 7, 2008

THE TRIBUNE

is ees ae
Kerzner ignites ‘flames of hope’ to aid cancer survivors

Ride for Hope charitable bike-a-thon
to be held in Eleuthera on April 5

Kerzner International is joining corporate part-
ners in “igniting the flames of hope” to assist
cancer survivors in the Bahamas through the
highly anticipated ‘Ride for Hope’ charitable
bike-a-thon on April 5.

This year, Kerzner International will sponsor
the aprés ride reception in addition to sponsoring
a team of up to 30 riders for the annual fund
raising event.

Proceeds from the bike-a-thon, to be held in
Eleuthera, will be donated to cancer care cen-
tres and cancer treatment programmes in the
Bahamas.

Kerzner International’s senior vice president of
public affairs Ed Fields said, “We are pleased to
be able to contribute to this event, while at the
same time promote fitness and community spirit.
We also find it appealing to be a part of a com-



munity wide partnership that seeks to lessen the
burdens that others must endure.”

Fields also announced that an anonymous
donor has pledged $100 per rider for all of Kerzn-
er International’s riders who participate in the
event.

Referred to by organisers as “a truly inspiring
weekend,” the annual Ride for Hope event which
is open to all, celebrates the lives of cancer sur-
vivors and those that have lost their battles to
the disease, in addition to raising awareness about
cancer in the community.

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The bike-a-thon will start at north Eleuthera
and the course runs south until Palmetto Point,
where the riders then turn north and ride back to
the starting point, although riders have a choice of
what distance they wish to ride.

Last year’s Ride for Hope event raised more
than $200,000 for the Cancer Society of the
Bahamas, and involved a hundred cyclists who
collectively trekked 4,000 miles along the route.

Over the past several years, Kerzner Interna-

Last year, the company partnered with Sun
Tee Embroidme to sponsor the ‘Cruise for the
Cure — Walk In Paradise’ in commemoration of
Breast Cancer Awareness Month.

As a part of the event, Kerzner hosted the Nas-
sau-based breast cancer support group ‘Sister-
Sister’ along with the Susan G Komen for the
Cure affiliate group based in Miami and Fort
Lauderdale, Florida to a special walk along Par-
adise Island.

Aside from Kerzner International, some of this
year’s main sponsors of the ‘Ride for Hope’ annu-
al fund-raising event include Odyssey Aviation,
Bahamas Ferries, the Royal Bank of Canada,
New World Aviation, Pictet Bank and Trust, the
Lyford Cay Foundation, VMG Racing,
Holowesko Realty, Holowesko and Company,
RBC Global Private Banking, Thyme Online an

tional has made significant contributions to assist

cancer survivors.

Goodfellow Farms.

Children benefit from generosity of
Freeport family, local businesses





GOODWILL GESTURE: Pictured at the ‘oneton are (eft to right) Sarah Kirkby, GBCH board warner. - Hubert Wild-
side, Mydella Wildgoose, Keva Higgs of Park-n-Shop; Patrice Mack and Caron Smith, Grand Bahama Children’s
Home administrators; and Kelly’s John Doherty, divisional manager.

@ BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT -.The kind-
hearted actions of a Freeport
family and two local businesses
have resulted in a generous
donation to the children at the
Grand Bahama Children’s
Home.

Sarah Kirkby, GBCH board
member, and administrators
Patrice Mack and Caron Smith
accepted a brand new colour
TV and Play Station II video
game console on behalf of the
children at the Home.

Mrs Kirkby said the donation
initially came about after she
was approached by a parent at
her son’s school who wanted to
assist the home.

“A parent at my son’s school
gave me $300 to buy the chil-
dren at the home something
fun,” she explained.

“Around that time I was
working with Mr Russell for
Park-n-Shop and he had
brought some Play Stations and
Nintendo Wiis in for his Christ-
mas Promotions, and I said that
our kids would love one of
those and he just gave it to me.”

“This is a
super reward
for our
children, who
just want to
have normal
things like
most kids do.”



Patrice Mack

Mrs Kirkby said Kelly’s then
stepped in to assist by donating
a new 27-inch Toshiba flat
screen TV.

“We approached Kelly’s, who
always help us at the home, and
I told them I have $300 and if
they can you help me get a TV,
and luckily they said yes, and
now we have a whole game set-
up,” she said.

Home administrator Patrice
Mack said she is grateful for the
donation and said that it will be
used as an incentive and reward

for the children. “They will be
rewarded with the use of the
PS2 for keeping up their.good.
grades or for special occasions.
This is a super reward for our,
children, who just want to have”
normal things like most kids do.

“We want to thank Park-n-
Shop, Kelly’s and the anony-
mous family who made this all
happen,” she said.

Mrs Kirkby said the board
and the administrators have

_ been very pleased with. all the

help and support they have
been receiving lately.

“Most people think that we
have everyday items, but with a
lot of kids come a lot of wear
and tear, and donations like
these make a real difference,”
she said.

She said game donations can
also be dropped off at Barefoot
Marketing by contacting 352-
4578.

The home currently has 24
children. It is supported by a
government grant and dona-
tions from the public.

Persons interested in assist-
ing the home can contact the
administrator at 352-7852 or
352-6076.

registration card, and Police Character

certificate to our:

Human Resources & Operations Manager

P O. Box $S-6326

Village Road . Nassau . Bahamas.
Tel: 393-5310 Fax: 393-8094

Deadline for Application is March 14th, 2008.

Village Road 394-2378





THE TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 7



ea Oe ae ee
‘It’s time to get serious

about training seafarers’

Local maritime
school offers
associate degree
programmes

A LOCAL company says that
in light of the number of severe
and fatal boating accidents that
have taken place in recent years, it
is time the Bahamas gets serious
about training seafarers.

Bahamas Marine Technologi-
cal Training and Allied Services
(BMTTAS), the first maritime
school in the Bahamas, is offer-
ing associate degree programmes
in marine transportation (AMT)
and marine engineering (AME)
in addition to the boatmasters
course (Class A — up to 500 grt,
Class B — up to 100 grt), and basic
marine safety and hospitality
courses.

“BMTTAS envisions itself to

be the driving force in successful-
ly educating marine engineers,
deck officers and related industry
professionals with internationally
recognised training and experi-
ence that enhance the safety of
life and property at sea while pre-
serving the environment,” said the
school in a statement.

The school’s mission is to pro-
vide cost-effective technical and
academic courses to empower
Bahamians to become a part of
the booming shipping industry and
give them the chance of an excit-
ing and adventurous career at sea.

“Our training and school cur-
riculum is based on the courses
and requirements of international
agreements about professional
training of maritime staff.

“The equipment, manuals and
materials used, are in accordance
with national and international
requirements.

“Our goals and business policy
are subject to the idea of training
highly qualified ship personnel, to
raise the seaman’s status of the
country and.to provide skilled and.





Knowles.

CHIEF OFFICER Allan Boctot with stu









Caan



dents Johniess Metellus and Kendall _



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PAGE 8, FRIDAY, MARCH 7, 2008

THE TRIBUNE



Woman is in custody in —

Grand Bahama weather
FROM page one

He explained that a large thunderstorm cell moved from the
Gulf Stream and straight across to the island, bringing thunderstorm
activity, heavy showers and lightning.

“We had a frontal boundary that was supposed to move over the
island during the night period, but it stalled out and all the activi-
ty we experienced was due to this stalled frontal boundary that we
are still feeling the effects of today (Thursday),” he said.

Mr Tynes said that they could not confirm any hail activity
because they did not observe it in their vicinity, and no reports were
made to the Freeport Weather Office.

However, Freeport Meteorologist Donna Duncombe said that
with thunderstorms there is a possibility of hail depending on the
strength of the thunderstorms.

Bemeritte’s Funeral Hom

BAHAMAS’ OLDEST MORTUARY
MARKET STREET ¢ P.O. BOX GT-2097 ¢ TEL: 323-5782

FUNERAL SERVICE FOR —

Samuel Theo
Bernard
Deveaux, 70











a resident of #20 Kenilworth
Avenue, will be held at Our
Lady’s of the Holy Souls
Catholic Church, Deveaux





Street, on Saturday at 11:45 am. Officiating will be
Fr. Michael Kelly, ss.cc. and, Msgr. . Alfred Culmer,
assisted by Rev. Deacon Peter Rahming, Rev. Deacon
Maxwell Johnson and Rev. Deacon Samuel Mitchell.
Interment follows in Catholic Cemetery, Tyler Street.






Precious memory will forever linger in the hearts of his
loving wife of fifty-two years,Irma; 8 children, ‘Pearlie
Deveaux-Stubbs, Antonio, Brenda and Ricardo Deveaux,
Linda Francis, Samuel “ Junior’ Deveaux, Dominic and
Jermaine Deveaux; one sister, Inez Deveaux-Brown; five
brothers, Edward “Sharkie’, Ivan and Johnathan Deveaux
of Freeport, Grand Bahama; Levi Deveaux of New York and
Emmerson Thurston; 12 granchildren, Carlesia Burrows,
Genell Sands, Georgia Robinson, Tavares and Tavia Nottage,
Krysta Moxey, Brandon Deveaux and Tiana Williams, Dr.
Don Diego Deveaux, Antonia Deveaux, Liam, and Danica
Deveaux; two aunts, Lucy Knowles and Marguerite Horton;
four brothers-in-law, John, Lambert and Lance Majror,













connection with robberies |

FROM page one

before requesting to use the
office bathroom. This is what
the woman did, as reported in
The Tribune on Wednesday,
before robbing several busi-
nesses.

When the woman emerged
from the bathroom, the recep-
tionist quietly suggested to her
colleague that she check to see
if her wallet — which was
located in a room near the
bathroom — was still in her
purse.

Finding it was missing, the
receptionist and her boss
stalled the woman using her
own distraction technique —
casual chat — while the police
were called to the office.

“T hadn’t read the story
myself, but one of the other
dental offices called us up and
had told us about the informa-
tion that was in The Tribune,”
said the receptionist. “When
she said the name ‘Saunders’

‘it rang a bell.”

On Wednesday, it was
reported that a well-dressed,
“solid” woman in her early to
mid-thirties was brazenly rob-
bing employees in the Palm-
dale area of their personal
belongings, using trickery and

Rock of Ages ,



deception.

Nassau businesses were
warned by an employee of one
of the affected firms to be on
the alert after the fraudster,
giving the false name of “Saun-
ders”, tried to make an
appointment at several offices
— the Chiro Therapy Centre,
the Bahamas Foot Centre and
Green Leaf Designs. Employ-
ees at all three places recalled
her distracting staff with
detailed conversation about
anything from the items the
store stocked to her or her
mother’s alleged ailments for
periods of between 10 and 20
minutes before finally leaving
with one, and on another occa-
sion, two surreptitiously stolen
wallets at a time. During two
hits, she claimed to be a police
officer.

It emerged yesterday that
the same woman had in fact
targeted an even greater num-
ber of businesses last week
than had originally come to the
public’s attention — and yet
more since the story appeared
in The Tribune this week
detailing her escapades.

The same day as the story
was published, she booked an
appointment under the same

‘false name at Dr Sidney Sweet-

ing’s dental office, leaving an

‘uneral Chapel

Wulff Road & Pinedale
Tel: 323-3800 or 322-1431 * Fax: 328-8852

FUNERAL SERVICES FOR

Bernadette
Atilus, 51

a resident of Sandilands Village Rd.,
and formerly of Jean Rabel, Haiti, will
be held at Metropolitan Church of The
Nazerene, East Street Saturday March
8th 2008 at 1:00 p.m. Officiating will be


a by other ministers of the gospel.

=1 Intrement follows in Woodlawn Gardes



Soldier Road.




et aS




























Daniel Pinder, Vincent Brown; nine sisters-in-law, Beverley,

: Florence, Biana and: Cathy: Deveaux, AngelaThurston;*-}

Lillian Miller, Mary Lyn and Viola Major and Gwendolyn

‘ Turnquest;-two:-sons-in-law, Stephen-Francig; and-Geogory

Stubbs; two daughters-in-law, Stephanie Deveaux. and
Helena Deveaux; four great grand-children, Teni and Carlito
Burrows and Dylan and Leah. Sands; two grand son-in-law,
Tenir Burrows and Carlos Sands; numerous nephews,
nieces and other relatives and friends including, Ricardo
Williams, Ricardo and Dion Deveaux, Giovanni Deveaux,
Tony, James, Jackson, Christopher, William, Gayleen and
Linda Deveaux, Garnell Pouchie, Marsha and Kim Johnson,
Emmerson, Damien and Damon Thurston, Maxie Kemp-
Forbes and Wencil Morley, Meredith Miller-Stubbs and Kevin

Miller, McTair, McDonald and McLyncia Major, Stephen and —

Tex Turnquest, Cheryl Deal and Dot Isaac, Dasiano and
Dwayne Smith, Demetrica Smith-Amalee, Camalina Pinder-
Bowleg, Portia Major, Advardo Major, Cyprianna Williams and
Wanda Major-Mcintosh, Harry Horton Jr., Dorothy Roberts
and: family, Roscoe Francis and family, Minister Dorothy
Stubbs and family, Donna Williams and family, Eugene K.
Robinson, Margaret ‘Muggs’ and Gregory Robinson and
family, George ‘Sweet Boy’ Robinson, George Robinson Sr.
and family, Claudette Bannister, Minerva Finley and family,
Rudolph Adderley, Corese Culmer, Lawrence Major, Lincoln
and Wendal Major, Olga Turnquest, Granville Antonio and
family, Leroy Brooks and family, Dan Moxey and family,




Left to cherish her memory are her mother, Izelia Atilus;

grandmother, Orlincia Olince; children, Bency apd; Markenson,,
‘““Eouis, ‘Madeline Theodoris,' Jacqueline Smith?“adopted

daughter, Monique Alcy; Claudette Peirre, and Nerline Joseph;
sons-in-law, Shawn Smith, Guiller Therodis, and Garath Rayan;

Alicia, Florida, and St. Hilia Atilus; brothers, St: Hilien, St Hilaire;
Daniel, Francoeur and Elisner Atilus; sister-in-law, Gloria,
Charitable, Maxine, Kerline and Phirana Atilus; brothers-in-law,
Samuel Louis; and St. Julien Senatus; grand children, Brittney,
Jahmal and vagal Smith, Jerry, Bensly, aay ‘and Marcus
Louis; uncles, Moravien Dossouis, St. Haman, Mericidien and
Cegilus Atilus; aunts, Elaine and Elizabeth Dossous, Angela
Senatis, Mericile Toma and Vilcius Choute; nieces, Rosenie,
Anelisa, Ysemanette, Joslia, Aciline, Dieudila, Gladys, Ysana,
Wilmide, Chelone, Sandia, Miley, Dianna Suze, Tatianna,
Kethe, and Daline; nephews, Wander, Diory, Watson, Lamenet,
Eleian, Waly, John Witlen Winsly, Bedly, John Witloue, Wolsen
and Ruben; 15 grandneices and 2 grand nephews; cousins,
Merifranc Snatus and family, Chavannes Atilus and family, Waner
Atilus and family, Moncius Atilus and family, Orelien Atilus and
family, Phylis Atilus and family Wilkenson Mattheus and family,
Elisnot Sanatus and family, Eldura Sentus and family, Louvinne
Jodseph, Hercul Rosenne, Christiane Atilus, Mertilia Maurepass,
Juliette Atilus and Alisna Choute; godchildren, Elphie Faugue,
Scuntia Senatus, Jonis Petit Homme and Louisina Noel; other
relatives and friends including, Anthony Estime, Rev. Dr. Jean
Paul Charles and famiy, Celimise Octelus, Micius Estime, Deacon
Yves Cherenfent and family, Deacon Rigueur, Dieujuste and
family, Deacon St. Hilaire Sana and family, Deaconess Philomene
Guilee and family, Rev. Bazile and family, and Deacon Jean Paul
Derlius and famly, members of Berean Evangelical Baptist
Church, Aleria Valmera, Dinags Lutcuma, Benot Jr. Baptiste,
Frisnel Charles, Paul Joseph, Julrista Joseph, Molicer, Kalatine,
Louisina, Andrine, Elphie, Janine, Selina Cartwright, Jackie,
Kathlean, Stacy, Melissa, Justina, Ida, Camilise, Kelly, Northe,
Patrice Rahming, Patrice Major, Rosie Datus, Nathan and Corey,

. the Housekeeping staff of the Cove and the Sandals family.

euce ey pay Wiel eeties ects atRock OfAgesFuneralChapel., .
Wulff Rd. and Pinedale on Friday from 10:00 a.m. to 6:00 p.m.
and at the church on Saturday from 12:00 noon until funeral time.



> daughters-inslaw, Miriam Louis and. Regine:Louis: sisters; \} :



emptied petty cash tin in the
bathroom just as she had done
with the office manager’s purse
at the Bahamas Foot Centre.

According to an employee
at Rainbow Dental, the culprit
remained “very calm” when as
many as six police officers
entered the office yesterday
morning. She eventually spoke
up only to deny her guilt when
the assistant whose wallet she
had emptied said she would
like to press charges.

Ground broken
on $70m gated
community

FROM page one

demand for affordable; high
quality single family and vil-
la residences in a secure com-
munity.

“T believe we are building
more than bricks and mortar
here, we are creating a safe
| haven where families can
thrive,” she said.

Mrs Munnings-Deveaux is
the daughter of the late Per-
cy Munnings, and has spent
her career in construction
and has contributed to or
conceived from start to
move-in the developments of
East Park Estates, Southern
Heights, Twin Lakes and
Sunset Park.

Works Minister Dr Earl
Deveaux congratulated
J.EM. for its work, particu-
larly as a Bahamian company
seeking to provide means of
economic empowerment for
Bahamians through home
ownership.

He encouraged Bahamian
financial institutions to find
creative ways to finance
mortgages for qualified
Bahamians and for contrac-
tors to also find more afford-
able ways of construction, to
lower the cost of homes.

As for the government’s
role, Mr Deveaux, said, his



naviministry.. is working ens

streamlining the process of
approvals and implementa-
-tions; so that. they: can go,as:
quickly as possible.

He said that the project is
ideally located, close to air-
port, Baha Mar, Albany and
the Cable Beach/Lyford Cay

| economic zone where there

are many opportunities for
employment and entrepre-
neurship.

Noting the position of the
sub-division near Lake Kil-
larney, Dr Deveaux, pointed
out that as beach front access
disappears, persons will seek
out lake front access, for the
tranquility it provides.

The subdivision was ini-
tially unveiled with a soft
opening followed by an open
house of its first model with
30 lots selling the first month.
Since then, there have been
several additional sales and
home prices, that started at
$245,000 have climbed to
$330,000 for a three bed-
room, 2 bath residence with
nearly 1,600 square feet, cen-
tral bank and nine ft ceilings.
Lot prices start at $90,000.





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Bethel hits out at

former PM and
his Cabinet over
Baha Mar project

FROM page one

Bethel argued the inability of the
PLP to close the deal before leay-
ing office in May 2007 almost cost
the country the $2.6 billion rede-
velopment of the Cable Beac
strip.
During the exchange, Mr
Christie accused the Member *

i for Seabreeze of attempting to

mislead the House and misrep+
resent the former administra-
tion. :

. In his contribution to a reso-
lution yesterday, Minister ‘
Bethel read a letter addressed’
to Mr Christie signed by Baha,
Mar Chief Executive Officer |
Sarkis Izmirlian dated'January
25, 2006 which revealed the
developers were unhappy with,
the PLP’s handling of the deal,
and were considering terminat-
ing their involvement.

“I wish to be very clear and
very frank. Unless your govern-
ment delivers on the much
advertised partnership between
the government and Baha Mar,
Iam seriously considering
whether investing billions of
dollars in this country isthe ,
right decision,” Mr Izmirlian ;
wrote.

The letter continued that if
the early February (2006) time-
frame was not met, Mr Izmir-
lian would inform Harrah’s and
Starwood that in spite of his
“best efforts” for three years ©
the then government had failed
him. ‘

“T certainly do not want to be
known as the developer (and .
I’m certain you don’t want to °

’ be known as the prime minis-
ter) that lost Caesar’s and Star-
wood. Today, more than ever
before, I need your unambigu-
ous support, Mr Prime Minis- .
ter,” Mr Izmirlian concluded. ‘

After tabling the letter in the
House yesterday, Minister
Bethel charged that if the PLP
had approved Baha Mar’s
requests in early 2006, the
developers would not be facing
a threat of arecession in the ;
US, a sub-prime mortgage and
credit crisis in that market, and
an international (credit). liquidi-
ty crisis.

Said Minister Bethel, “Had;



. ,the Perry Gladstone Christie :
ex rp Ty

“évernment done their
duty when Baha Mar was
imploring them to do so way

orback in January.ef,2006 —
. more than two years ago — our

country would not now be in *
the condition that it is in.

He also accused the former
administration of “negligently”
agreeing to sell the Cable
Beach golf course and other
land knowing developers
intended to move the course ,
from its current location and ;
use the land for condominium
developments. :

He charged the PLP of actin
in “clear breach” of the Restric-
tive Covenants included in the
1952 conveyance of Crown
Land. At this point Mr Christie
rose to his feet, objecting to Mr
Bethel’s statements. }

“They are trying to ridicule,
my government using wrong
information. It is wrong, it is
disgraceful and I want to be
able to establish it right now.
And a former attorney general
shaquld know better,” said Mr
Christie.

During his contribution Min-
ister Bethel also defended the
prime minister’s questioning of
Baha Mar’s capability to
finance the $2.6 billion develop-
ment in Cable Beach while
accusing the opposition of
attempting to gain “political
brownie points” by criticising ;
the prime minister’s position
taken on the matter. ,.

He said Prime Minister '
Hubert Ingraham’s remarks in
the House of Assembly on ~
Wednesday were an expression
of “prudential doubt” based on
a letter dated February 20, 2007
from the Ministry of Financial
Services and Investments
signed by Sir Baltron Bethel
which stated the former govern-
ment had “not received satis-
factory evidence that Baha Mar
has obtained adequate financ-
ing for the project. To date no
commitment for financing has
been obtained. ..”.

Minister Bethel argued this
was proof the opposition shared
the prime minister’s doubts as
late as January, 2007 and berat-
ed the PLP for apparently not
wanting the matter addressed’
publicly.

Despite these earlier doubts
the government “supports the
efforts” of BahaMar to redevel-
op the Cable Beach strip and
anyone suggesting to the con-
trary is guilty of “mischief-mak-
ing”, said Mr Bethel.

On Thursday, the House
passed the Resolution to autho-
rise the Treasurer to sell por-
tions of West Bay Street, the
Cable Beach Police and Fire
Station, portions of “Corridor
No 7 North” and the Cecil Wal-
lace Whitfield Centre to the
proposed developers of Baha
Mar. :



2 iiss TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 9

| BAHAMAS ELECTRICITY CORPORATION

PO. BOX N-7509
TELEPHONE: 302-1000



BAHAMAS ELECTRICITY CORPORATION

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

TENDER NO. 654/08

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

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

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

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

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

TENDER FOR THE PROVISION OF GENERAL INSURANCES y
PUBLIC & EMPLOYER’S LIABILITY, PERSONAL ACCIDENT

AND PRIVATE CAR & COMMERCIAL VEHICLE

TENDER NO. 655/08

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

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

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

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

aa The orale Manager

amas Electricity Corporation

ee Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

reek bed Marked: Tender No. 655/08
“GENERAL INSURANCES - PUBLIC & EMPLOYER’S AND VEHICLES”

is AS:

_ The Corporation reserves the right to accept or reject any or all tenders.
TE a ron Cie Le
BAHAMAS ELECTRICITY CORPORATION

tH

_ TENDER FOR THE PROVISION OF GENERAL INSURANCES
MONEY & FIDELITY

i ny oS TENDER NO. 656/08

The 2 Babarnas Bleearicity Corporation invites tenders from meio 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

al 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.

y



BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL IN SURANCES
MARINE INSURANCE

TENDER NO. 659/08

The Bahamas Electricity Corporation invites tenders from tigible bidders for He provision nee
general insurances as described

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 Coralie
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.
BAHAMAS ELECT RICITY Y CORPORATION

TENDER FOR THE ¢ PROVISION OF GENERAL. IN SURANCES
PROFESSIONAL INDEMNITY (DIRECTORS & OFFICERS)

TENDER NO. 657/08

The Bahamas Electricity Corporation invites tenders from eligible bidders Yor hep or od 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. 657/08
“PROFESSIONAL INDEMNITY DIRECTORS & OFFICERS”



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

AEA TA NT DE
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. 302-1158
Fax No. 323-6852

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

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

Attention; Mrs. Delmeta Seymour

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

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

(



PAGE 10, FRIDAY, MARCH 7, 200 THE TRIBUNE

cba The Tribune’s & Kelly’s /

B/N & ee

FIRST PRIZE SECOND PRIZE THIRD PRIZE

GIFT BASKET Value $125 GIFT BASKET Value $100 GIFT BASKET Value $75
In Each Age Group ' In Each Age Group — In Each Age Group













CONTEST RULES

1. Children ages 4-5, 6-8, and 9-10. Staff members and relatives are not eligible to enter.
2. Coloring may be done with crayons and other decorations. Adults or older child may assist the child in filling out the entry form, BUT NOT IN
COLORING THE ENTRY

3. Enter as much times as you wish. All entries must be in The Tribune by 4pm on Friday, March 14. Winners will be announced Thursday, March 20,
2008. Look for your names in The Tribune or listen to 1OOJAMZ / JOY FM or COOL FM to hear your name.

4. There will be one first-prize winner, one second-prize winner and one third-prize winner in each age groups.

5. All entries become the property of The Tribune and may be used for any purpose including, but not limited to, publication in a future issue.

“NO PHOTOCOPIES. USE NEWSPAPER AD ONLY”



Child’s Name: Parent/Guarc.:an Signature



Address: Tel: Age:

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THE TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 11



FROM page one

farm, police said.
However, according to a
report issued by Chief Supt
Basil Rahming, up to press
; time yesterday police have
{not conclusively deter-
;mined how Stefan Murphy
— a dual resident of Sgt
‘Major Road, Freeport and
‘Lowe Sound, Andros —
received his injuries due to
'“conflicting accounts” of
.the events leading up to
:the injury given by wit-
_nesses on the scene.
Around 5.20 pm on
Wednesday police received
information from the Rand
Memorial Hospital that a
young man had just
‘been brought there suffer-
ing from serious gunshot
injuries.
Officers went to the hos-

Teenager airlifted to |
PMH after being shot

the victim and then later to
other persons who were
said to be present when the
shooting occurred some-
where in Freeport, said
CSP Rahming.

An intensive investiga-
tion has been launched into
this matter.

STOLEN BOAT

RECOVERED
THREE Abaco males
are in police custody at
that island, after being

arrested at Sandy Point
Wednesday night while
attempting to elude offi-
cers.

Around 8.05 pm
Wednesday, residents spot-
ted the men travelling
aboard a white.
engine 32 ft Century speed-
boat, named "Boogaloo",
which had been reported
stolen last Saturday around
4am, from a canal at the
rear of Cove House Con-
dominiums in Freeport,

twin-

CSP Rahming reported.

Police were alerted and
in an attempt to escape the
pursuing officers and resi-
dents, the suspects then
jumped overboard into the
sea, but were apprehended
as soon as they set foot on
the beach.

They are presently
assisting Marsh Harbour

Detective Unit officers

with their investigation
into this matter, CSP Rah-
ming added.

FROM page one

| person who was allegedly
bribed.

Maycock Sr has an indict-
ment in the US and has been
on the run in the Bahamas, and
elsewhere for some time.

Yesterday a local tabloid sug-
i, gested that US Ambassador
: Ned Siegel had telephoned
: Foreign Affairs Minister Brent

i Symonette to personally inform
: him of his disgust in the matter.

However, the US Embassy’s

‘Brihed officers

Chargé d’Affaires Dr Brent
Hardt has denied this report.
Dr Hardt said that Ambas-
sador Siegel had been out of
the country “for some time”
and had not contacted the For-’
eign Minister.

‘ In the coming days, addi-
tional officers are expected to
be fired, or brought before the
courts in connection with this
matter.

Butler's Funeral Homes

& Crematorium

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

Funeral Announcement

Antoinette Elizabeth

Adderley, 67

pital where they spoke to

Pleasant Bridgewater
| FROM page one

| also.

| Ms Bridgewater said that she went to the residence in Novem-
‘ber and December ‘2006 and also in January 2007. On one

occasion she said that she went into the building and looked in,

| and no one lived there. Ms Bridgewater added that the residence

: had not had electricity for seven years.

: Others, sent on Ms Bridgewater’s behalf, also checked the res-

i idence at “all hours” verifying that no one lived there, she told
: the court.

Mr Smith also challenged Ms Bridgewater on whether three
people on her list of challenged voters actually voted.

In the case of Abraham Cooper, Mr Smith suggested that he

; did not vote in the last election. To this Ms Bridgewater said she
‘ does not know if he did, but she put him on the list to be cau-
| tious. In the case of Analdo Cooper, when the same suggestion
| was put to Ms Bridgewater, she said that he did vote.

Ms Bridgewater expressed the same certainty when she said
Angela Knowles voted, despite the suggestion to the contrary

‘by Mr Smith.

' Mr Smith and Ms Bridgewater also disagreed on whether or

‘not Calvin Hart is a student studying abroad. Mr Smith sug-
gested this, arguing that during the relevant period, he was
not away from his No. 22 Sandpiper Lane residence in Marco
City for more than four weeks at a time.

Ms Bridgewater said that she knows him from the 2002 elec-
tion campaign and also knows some of his family, and he did not
live there during the relevant six-month period before the elec-
tion. She also rejected the claim that he was a student. Instead,
she said that he is in the Turks and Caicos Islands with his
mother.

Philip ‘Brave’ Davis, lead attorney for Ms Bridgewater, told
the court at the end of yesterday’s session that he will be ready

.to proceed, with his case on Monday. Mr Smith still, however,
has to complete his cross-examination of Ms Bridgewater on
‘ Monday when the Election Court resumes. ;

Laing storms out of House
FROM page one

Mr Smith sought to imply that the FNM government was attempt-
ing to divert attention from accusations concerning Mr Laing and
the Custom’s Department by pushing a legal challenge against
PLP Senator Pleasant Bridgewater into the public domain.

Mr Laing has been criticised by Mr Smith for the lowering of
a Customs duty tariff on a drink that the minister’s sister-in-law
sells.

The issue has caused much debate in the House of Assembly
since it first emerged a few weeks ago.

Since then, Ms Bridgewater has been slapped with a law suit
by the Bahamas-based Northern Oceanic Research and Tech-
nology Holdings Ltd and Florida-based Blue Hole Expedition
LLC in the Supreme Court. The suit alleges that despite
numerous requests, Ms Bridgewater has refused to return
$650,000 held in escrow by her law firm, Bridgewater and Co,
for the plaintiffs.

Mr Smith yesterday said that based on the timing of the mat-
ter, it was a “red herring” by the FNM government to divert -
attention from Mr Laing’s Customs matter.

However, Mr Laing has denied Mr Smith’s allegations.

“That is utterly untrue, utterly untrue. And they need to go
and speak with who they need to speak with. It has nothing to
do with us. That’s a matter between clients and their attorneys.
But the fact of the matter is that if Mr Smith has whatever evi-
dence he says he has, we are outside, I’m prepared for him to
come outside and say what he has to say where he is subject for
libel, and subject for slander. And let’s see what kind of
courage he has in respect of that,” Mr Laing said.

In response to this, Mr Smith would not make his accusations
again outside of the Parliamentary chamber, but rather only
reiterated that Mr Laing has questions that he “must” answer.

“We put some questions on the record and he needs to
answer them fully or pane the full report as promised,” he
said.



March 9-16, 2008 - East Street Tabernacle

THEME:

6c}

GUEST SPEAKERS:

[ALK WITH GOD”

Micah 6:8.

Monday, March 10th, 2008

National Overseer & Moderator will dela hi

BISHOP DR. BRICE H. THOMPSON

: BAHAI
General Presbyter MAS

ANNUAL ADDRESS LIVE VIA RADIO

Sunday, March i6th, 2008

BISHOP STEVE MADRID
USA Regional Overseer

Annual Parade & Water Baptismal Service at
the Western Esplanade, followed by live ZNS

Radio & T.V. 13 evening broadcast Service.

BISHOP TIMOTHY HARPER
USA Regional Overseer

and SISTER KAREN HARPER
BISHOP CLARENCE wittiams = ®* ing
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
ES 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
- Brass Band, the Junior Brass Band, and the
. Crusaders Brass Band from the Church of
. God.

| LOG ON TO: |
_Wwww.cogopbahamas.org =~
LIVE WEBCAST EVENING SESSIONS

. dine blesséd!

)

Final Message on Convention Theme:
“WALK WITH GOD” will be delivered by

‘National Overseer, Bishop Dr. Elgarnet B.

2.0-liter 4-cylinder
(Continuously Variable T
Sentra's spacious cabin
a 60/40 split double-fol

of Kent Avenue off Nassau East
Blvd. and formerly of Deadman’s
Cay, Long Island will be held on
Saturday, March 08th, 2008 at 11:
00 a.m. at Christ Church Cathedral,
George Street. Officiating will be
The Very’ Rev'd Patrick Adderley
Assisted by Rev’d Fr. Michael
Gittens and Rev'd Stephen
Davies. Interment will follow in
Woodlawn Gardens, Soldier Road.



Mrs. Adderley will be greatly missed by her loving
and dedicated Husband: Kirkwood Adderley; One
(1) Daughter: Joy D’Arville; One (1) Son: Sean
Adderley; Two (2) Granddaughters: Diandrea
D’Arville and Andrea Knowles; Two (2) Grandsons:
Alexander Knowles and Rhoderique D’ Arville; One
(1) Son-in-law: Capt. Rhoderique D’Arville; Two
(2) Sisters: Rachel Burrows and Asenath Cartwright;
One (1) Brother: Spence Cartwright; One (1) Aunt:
Ermie Cartwright; One (1) Brother-in-law: Garfield
Burrows; Two (2) Nieces: Elizabeth Rahming and
Antonia Burrows; Two (2) Nephews: Francis and
Alexis Burrows, Three (3) Grandnephews: Andre,
Elliot and Aiden Rahming; One (1) Nephew-in-law:

‘Winton Rahming and a host of other relatives and

friends including: The Very Rev'd Patrick and Mrs.
Astrid Adderley and the Christ Church Cathedral
Church family especially the members of Cell
“G” and the entire Community of Deadman’s Cay,
Long Island and others too numerous to mention.

Viewing will be held at the Chapel of Butlers’
Funeral Homes and Crematorium, Ernest and York

Streets on Friday from 10:00 a.m. until 5:00 p.m.



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PAGE 12, FRIDAY, MARCH 7, 2008

THE TRIBUNE
INTERNATIONAL NEWS






ENDANGERED: A 50-day-old wattled crane, one of five critically endangered

_ bird species in the country, rummages for insects next to a puppet, left,
mimicking an adult bird, at the Johannesburg Zoo, yesterday. A conser-
vation programme is being run in an attempt to save the species from
extinction as remaining populations face a major threat due to wetland
degradation. ' :

Beef Curry Skillet

1 tablespoon curry powder, divided
1/2 teaspoon salt

1/4 teaspoon crushed red pepper flakes — :

1 pound boneless beef sirloin steak, cut into thin strips
2 tablespoons Pure Wesson Canola Oil

1 medium onion, chopped (1 med = 1/2 cup)

1 can (14.5 oz each) Hunt's Diced Tomatoes, undrained

- 1.can (14 oz each) beef broth
1 cup basmati rice, uncooked
1/2 cup raisins
1/2 teaspoon garlic powder

3 tablespoons slivered almonds, toasted

Mix 2 teaspoons of the curry powder, the salt and red
pepper in small bowl. Sprinkle evenly over steak strips in
medium bowl; toss to coat. Heat oil in large skillet over
medium-high heat. Add steak; cook 5 minutes, or until

_ no longer pink, stirring frequently. Remove from skillet;
cover to keep warm. Add onions to same skillet; cook 5
minutes, or until tender, stirring frequently. Add remaining Ss
1 teaspoon curry powder, the undrained tomatoes, the - é \
broth, rice, raisins and garlic powder; mix well. Bring to a
boil. Reduce heat to low; cover. Simmer 20 minutes, or until
rice is tender. Stir in steak. Remove from heat. Let stand,
covered, 5 minutes. Sprinkle with the almonds.

Log on to www.hunts.com or

www.conagrafoods.com
for more delicious tomato recipes.

‘ Rare Tere
Bit: Lousy teovaartcdaes



















ENVIRONMENT/MOTORING

Car makers show
| greenest models

| in anticipation of
| Stricter controls —
| On emissions

{ By FRANK JORDANS
GENEVA




























Car makers showed off their leanest, greenest mass-market
models yesterday in anticipation of stricter European emissions con-
trols as the Geneva International Motor Show opened its doors to
the public, according to the Associated Press.

A host of small cars are celebrating their debut in Geneva,
including production versions of Ford Motor Co.'s new, fuel-stingy
Fiesta and Toyota Motor Corp.'s three-seater iQ, and a concept ver-
sion of Fiat's 500 Aria. All three boast carbon dioxide emissions of
under 100 grams per kilometer, which will help those manufactur-
ers beat an EU proposal for a fleet average of 130 grams by 2012.

Environment ministers from the 27-nation bloc _ the world's
biggest consumer market with 490 million people _ met in Brussels
earlier this week to discuss the plan, which has ruffled feathers
among Europe's large car-producing nations such as Germany.

The environmental group Greenpeace says even tighter emissions
targets than those in the EU proposal are needed if climatechange
is to be reigned in. About 20 activists protested at the show on
Thursday morning, demanding that auto makers rethink what
makes a good car and calling for average fleet emissions to be

The Geneva show is traditionally regarded as the most level
playing field for car makers because Switzerland lacks its own
industry. Europeans will get their first glimpse of Indian manu-
facturer Tata's Nano, hailed as the world's cheapest car and due to
begin rolling off the production line by the end of the year. The pint-
sized five-seater will cost $2,500 plus tax and delivery, but will ini-
tially only be available in India while Tata works on improving the
car's emissions ratio and safety features... © .>

Chevrolet too will be appealing to Europeans accustomed to
driving smaller vehicles than their trans-Atlantic cousins.

General Motor Corp.'s top-selling brand is unveiling a three-door
version of the Aveo, which debuted in Europe at last year's IAA
exhibition in Frankfurt, Germany, with a five-door model.

One of the loopholes to the emissions proposal currently being
discussed in Brussels lets car makers pool their fleets with those of

- companies producing more efficient vehicles. ©

Companies that exceed the limit would face stiff fines starting at
20 euros ($30) per gram per kilometer, multiplied by the number of
cars sold, rising to 95 euros ($144) by 2015. If auto makers pass this
cost on to consumers it would add hundreds of euros (dollars) to the
price of a car.

... Low-volume manufacturers producing fewer than 10,000 vehicies
a year would be exempt, but major players such as BMW, Daimler
and Volkswagen would have to team up with greener car makers
or improve their own fleet if they want to continue selling high-pow-
ered SUVs and sports cars in Europe.



Under the Patron
Of :
Mrs. Shawn Turnquest & Mrs. Sharlyn Smith



age




! Grant Thornton
Presents
The 4th Charity Art Exhibition
Friday March 7, 2008
6:00 p.m. to 8:30 p.m.
The Wedgewood Room, British Colonial Hilton














Proceeds to support:
The Ranfurly Home for Children
The Links Inc. Women’s Safe House
Alpha Phi Alpha Educational Scholarship Fund
3 Art Work By:
Mr, Eddie Minnis

Me Stan Bu

_ Mr. Antonio








Ecsite Se
ese a Bits tera g
core Sasa eds

ea SA 8





limited to 120 grams per kilometer by 2012, and 80 grams by 2020. |









PM’s Baha Mar
scepticism
may ‘throw

wrench’ into |
rising business
confidence

@ By NEIL HARTNELL
Tribune Business
Editor

THE Bahamas Chamber of :
Commerce’s president yester- :
day warned that the Prime Min- :
ister’s public scepticism over :
the $2.6 billion Baha Mar pro- :
ject could “throw a wrench” :
into the improving level of con- :
fidence among Bahamian busi- :
nesses and investors, and urged: }
“Give these people a chance.” :

Stating that he was “stunned” :
and “dismayed” to hear Mr :
Ingraham’s comments in the
House of Assembly about the :
doubts he harboured over Baha :
Mar’s ability to provide $400
million in its own equity financ- }
ing and fulfill all its obligations
by March 2009, Dionisio :
D’Aguilar told The Tribune: :
“My God, give these people a
chance. i

“[The Government attitude] :
seems to be: we’ve approved :
the deal, but don’t expect it to :
succeed. It puts a real damper :
when the Government stands :
up and says we’ve approved this :
deal, but do not expect it tosuc-
ceed.” :

The Chamber president said :
the comments could impact :
improving investor and }
Bahamian business communi- :
ty sentiment about the 2008 :
prospects for their companies, :
and the wider Bahamian econ-
omy, a declining confidence :
trend having been reversed by :
indications that a construction
start was imminent for the Baha
-. Mar and Albany projects. ;
+... Investing [by businesses] is _

about confidence. How confi- ‘:
dent do I feel about my econo- :
my?” Mr D’ Aguilar said. i

“There’s a certain element :
of risk in business, but don’t }
make comments that increase :
that risk in the psychological |

SEE page 5B

a

Drive a Honda Fit and Peat to
40 miles per gallon

GREAT GU







Turn Key Business



FRIDAY; MARCH 7, 2008

SECTION B e business @tribunemedia.net





Lees





Feuding Port owners

@ By NEIL HARTNELL

Tribune Business Editor —

ALL litigation in the Grand
Bahama Port Authority
(GBPA) ownership dispute was
ordered stayed yesterday after-
noon by Supreme Court Justice
Anita Allen, who has ordered
both sides into mediation next
week in the latest bid'to resolve
the bitter 15-month legal bat-
tle.

The Tribune understands that
the judge has ruled that if both
sides fail to agree on a mediator,
she will appoint one herself. All
parties have also been gagged
from speaking to the media.

The stay is also understood
to apply to last week’s removal
of the injunction preventing
Seashells Investments, the hold-
ing vehicle controlled by
trustees of the Hayward family
trust, from selling its 50 per cent
stake in Intercontinental Diver-
sified Corporation (IDC) - the
holding company for the Grand
Bahama Port Authority
(GBPA) and its Port Group Ltd
affiliate. ane

This would appear to halt yet
again attempts by Fleming Fam-
ily & Partners to acquire the

‘Concern’ on
e |
reputational

effects from _

Film Studios
lease end

MBy NEILHARTNELL
Tribune Business Editor

A POTENTIAL purchaser
of the Bahamas Film Studios
yesterday told The Tribune he
was concerned about the inter-
national movie industry devel-
oping a negative perception
about this nation’s “desire to
develop a serious film industry”
if the. Government did not han-
dle plans to terminate the pro-
ject’s lease carefully...»

Owen Bethel, the Bahamian
banker who put together the
Bahamas FilmInvest Interna-
tional consortium that is‘seeking
to acquire the Bahamas Film
Studios, said he and his group
were still assessing the conse-
quences of the Government ter-
minating the lease, as the Prime
Minister said it would do earli-
er this week.

Mr Ingraham, in response to
a question put to him in the
House of Assembly on Monday
by West End PLP MAP, Obie
Wilchcombe, said: “The people
at Gold Rock Creek [the Stu-
dios’ immediate holding com-
pany] are in default on their
lease. |

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Stay on all litigation likely
to halt, at least temporarily,
Fleming’s purchase efforts

Seashells Investments. stake in

the GBPA and Port Group Ltd. ©

Fleming submitted its applica-
tion for government approval
for the purchase last week, and

its plans for the GBPA and to -

grow Freeport’s economy, last
week. It is likely that the appli-
cation will now be held up by
the court rulings.

The stay is also likely to mean
that the two sides in the GBPA
ownership dispute - the Hay-
ward defendants and the plain-
tiffs, the late Edward. St
George’s estate and his daugh-
ter, Caroline - will have to wait
longer on Justice Allen’s deci-
sion over whether the GBPA
receivers should pay a $12.1 mil-
lion dividend to its owners.

Other rulings that area also
awaited include Justice Neville
Adderley’s on whether the
GBPA receivers, BDO Mann
Judd accountants Clifford and
Myles Culmer, should be

Owen Bethel



“The Government of the
Bahamas intends: to terminate

their lease and entertain pro--

SEE page 4B

© 2007 ADWORKS

removed.

The stay and mediation order
is the latest attempt to resolve
the GBPA ownership dispute,

and litigation, which was.

sparked by Sir Jack Hayward’s
claim to 75 per cent ownership.

The legal battle has been
deeply damaging for Grand
Bahama’s economy, given the
uncertainty it has created
among investors. A number of
proposed projects, such as the

ordered into mediations

Morgan Stanley Barbary Beach
development and the Raven
Group project, are thought to
have been put on hold until the
GBPA ownership dispute is set-
tled.

Recent efforts have involved
an ‘open offer’ submitted by the
St George estate to the Hay-
ward side to settle the litigation.

That was countered by a Feb-
ruary 21, 2008, letter from
Charles Mackay, Sir Jack’s
attorney, to the estate’s attor-
ney, Fred Smith.

In it, Sir Jack Hayward
offered to use his influence
with key companies in the

SEE page 7B

Tourism generating
one in every 1.6 jobs

@ By NEIL HARTNELL

Tribune Business Editor

THE Bahamas is the sixth-most reliant nation in the world

for tourism to generate the bulk of national employment, an
economic study yesterday revealing the industry will gener-
ate 63.5 per cent of employment - one out of every 1.6 jobs,
some 95,000 in total - directly and indirectly in 2008.

The World Travel and Tourism Council’s (WTTC) tourism
satellite accounting for 2008, unveiled yesterday, again
showed the Bahamas’ continued reliance on tourism to gen-
erate the bulk of its national economic output and jobs, and
why there is good cause for concern over the industry’s com-

petitiveness.

Put simply, the WITC study shows that if the Bahamian
tourism sector loses its competitive edge in the face of inten-
sifying regional and global competition, and its product'is not
improved, this nation’s economy will struggle.

The WTTC research found that when it came to jobs that

directly and indirectly relied upon tourism, only Antigua &

Barbuda, Aruba, Macau, Anguilla and the Seychelles .were
more dependent than the Bahamas.

And this nation’s reliance on the tourism industry to both
directly and indirectly generate the bulk of jobs in the
Bahamas will increase over the next decade. While the
Bahamas is forecast to remain in sixth place, by 2018 tourism
will generate 65 per cent or one in every 1.5 jobs in this

nation - a total of 120,000 jobs.
When it came to direct tourism industry employment, the

Bahamas was ranked seventh in the world for 2008, with 23.6
per cent of its workforce directly employed in the industry.

SEE page 7B



LRU TR Se |



ela Be\AsrelU)




Wa
Ue THI

@ By NEIL HARTNELL
Tribune Business
Editorsis





THE Minister of Works
and Transport yesterday told
The Tribune he would be
“more than happy” to place
the draft Contractors Bill on
the Governments legislative
agenda, but said the main
industry association had
informed him it needed
more time to obtain feed-
back from its members.

Dr Earl Deveaux said the
Government “would very
much like to have it [all con-
tractor feedback on the Bill],
so we can build it into our
agenda”, but would not
move forward without con-
sultation being completed as
it was an industry-driven ini-
tiative.

Describing the Bill as
being akin to a “grassroots”
initiative, Dr Deveaux said
the Contractors Bill was sim-
ilar to the legislation that
was passed to regulate the
architect and engineering
professions, in that it was
driven by professionals in
those industries.

“Obviously, we are
favourably disposed to
putting it on the agenda
once it would have come
from them,” Dr Deveaux
said. “We can’t take the lead
on it.

“Once they present it to |
us, I will be more than happy
to build it into the agenda
and more than happy to
bring it to my colleagues.
But we will not bring for-

SEE page 5B












































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PAGE 2B, FRIDAY, MARCH 7, 2008

THE TRIBUNE





Restructure trading processes
to better ‘sell’ capital markets

PPARENTLY wor-

ried about financial
turmoil in international markets,
a reporter recently asked me
whether I thought it was a good
idea for Bahamians to invest in
foreign stocks,

That was easy. “Sure, if you’re
not in a rush”, I answered.
“They’re down now, but some
day they will come back — they
always have and they always
will.”

And, although I did not say it,
you can get out if you need to.
For any security listed on
exchanges such as the New York
Stock Exchange or Nasdaq, you
can find a price at which to sell,
every minute of every trading
day. You may not like the price,

By RICHARD COULSON







maybe far below what you paid
for it, but.at least you can turn it
into cash within seconds.

That’s a far cry from investing
in stocks that ‘trade’ — if that’s
the right word — on our Bahamas
International Securities
Exchange (BISX). BISX is a
noble effort, supported by hard-
working management, but as a
true trading mechanism it’s like
the well-known Potemkin Vil-
lage: the front looks great, but
the machinery behind is pretty
creaky.

Consider the market reports
in the daily press, which is what

NOTICE

IN THE ESTATE OF MYRTLE M.: REIMER a.k.a. MYR-
TLE REIMER late of 238 Butte des Morts Dr., Menasha,
Winnebago Country in the State of Wisconsin, one of the
United States of America, deceased

NOTICE is hereby given that all persons having any claim
or demand against or interest in the above Estate should
send the same duly certified in writing to the undersigned
on or before 18th April, 2008 after which date the Admin-

istratrix will proceed to distribute the assets of the Estate
having regard only to the claims, demands or interests

of which she shall then have had notice AND all persons
indebted .to the above Estate are asked to settle such debts

on or before 18th April, 2008.

V.M. LIGHTBOURN & CO.
Attorneys for the Administratrix
P.O. Box AB-20365
Second Floor
Damianos Building
East Bay Street, Marsh Harbour
Abaco, The Bahamas bate







the average innocent investor
relies on. For each of the 19 list-
ed stocks he sees a price figure
under the heading ‘Today’s
Close’. A reasonable person
would think that means shares
could be bought or sold at, or
near, that price. Don’t believe it.
That reference gives only the
price on the date when the
shares last traded, and that date
can be, and often is, months ago,
with the ancient price having no
relevance to today’s tradable val-
ue.

To learn the true situation,

your innocent investor must do a

lot more research. Take the case
of Commonwealth Bank (CBL).
First he must click on to the
BISX website, then click on
‘Trading Information’, then click
on CBL to get ‘Listed Issuers’,
then on CBL again to get com-
pany information then, finally,
on ‘Open Orders’, where he will
find the unpleasant truth about
pricing.

From early January to Febru-
ary 27, 2008, Commonwealth
Bank’s ‘Today’s Close’ price
steadily showed $7.50, while in
fact there were no trades at that,
or any, price and there were over
30 open (unfilled) sell orders
totalling over 100,000 shares (and
zero buy orders) at prices rang-
ing from $7.64 down to $6.97.
Finally, on February 28-29, 2008,
trades crossed at around $6.95,
so at last we have an up-to-date
‘Today’s Close’ price quoted.

This seems an intolerable sit-
uation. For one of our most pop-
ular stocks, during a period of
nearly two months the advertised
$7.50 price was meaningless with

- no trading, and was finally

replaced by a price nearly 7 per
cent lower. Any investors valuing
their portfolio in that period,
including our licensed public
mutual funds who hold CBL
shares, would have arrived at
highly misleading results.

This informational failure

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

When:

Session

March 13, 2008
From 11:00 A.m. To 12:30 Pm.

Apply By: March 10, 2008. a

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






could be alleviated by simply,
changing the heading ‘“Today’s

Close’ to ‘Last Trade’, and then!
giving the date of that trade,
together with the volume of out- |

standing buy and sell orders and

their average price. Also, stop |

listing ‘Unfilled Orders’ that,
because set at unrealistic prices,
are ‘stale’ and do. not get exe-
cuted.

However, these cosmetic
changes will not solve the basic
problem: the very existence of
large, unfilled orders.

At a recent date, 12 listed
companies (including such stal-
warts as FirstCaribbean Interna-
tional Bank and FOCOL)
showed heavy sell orders and
only five (led by Cable Bahamas)
carried net buy orders. In a per-
fect trading exchange, these
orders would not exist for very
long, as each one would be
cleared within a day or two. We
cannot expect that to occur in
the Bahamas with our small
number of buyers and sellers.
But there’s something wrong
with the system when, as at pre-
sent, these orders remain out-
standing for weeks and months,
leaving unsatisfied investors.
Most sellers are not simply.day-
traders but long-term investors,
who may suddenly face a real
financial need and yet find their
supposedly liquid investment
effectively frozen.

Of course, share prices can fall
as well as rise for fundamental
or technical reasons — that’s the
essence of a stock market. But
it’s also the essence of a mar-
ket that buyers step in as sellers
abound and prices drop. We
don’t see much of that happening
on BISX.

What can be done to alleviate
this situation?

Better information. Most list-
ed companies now promptly
publish financial information, but
it’s amazing that we see no inde-
pendent commentary from secu-
rities dealers or analysts. Fideli-
ty used to publish periodic
reports with buy-sell-hold rec-
ommendations, but appear to
have dropped this practice. With-
out some expert advice, many
investors feel lost. For the deal-
ers, more information would lead
to more trading and more com-
missions.

Smarter investor decisions.
Investors should avoid the herd
mentality by looking closely at
company financials, and taking
the trouble to research buy/sell
orders.

A case in point is Common-
wealth Bank.

During the second half of
2007, everyone was a buyer,
pushing the price up rapidly to
nearly $8.50 with perhaps ‘irra-
tional exuberance’. Come 2008,
everybody became a seller, with
no buyers for two months.

This was despite the chair-
man’s release earlier this year,

showing distinct increases in net -

income, earnings per share, and
return on assets during 2007, and
announcing a higher dividend in
2008. What could be better?

By checking the sell orders
(and here a broker might have
helped him), a buyer could see
that shares were available at
steadily declining prices. Yet no
one bought until the price fell
below $7.

Unless buyers fear a general
collapse in banking or the
Bahamian economy, this looks
like pretty irrational investment
behaviour.

Your Support is well needed and

appreciated.

Come spend the afternoon with
your family & friends at this.

exciting event.

There will be games for the i
children, food and beverages for,
sale, and a Disney movie to finish,

off the evening.

All proceeds go to the Ranfurly |
Home for Children.
Donations are welcome !!!

Event is March 8th at 4pm and
tickets are on sale now. Kindly call
Joey Premock at 322-3207, Chris
Premock at 357-4277 or Sean Raine
at 457-2433, or reply via email to
this address, to produce your ticket

before hey 2 are sold out. /

Support from controlling
shareholders. All the BISX com-
panies are controlled by a single
shareholder or small group of
related owners, who have sub-
stantial resources. While they
have absolutely no legal obliga-
tion to do so, these parties might
find it a wise policy to bid for
their company’s shares when
they see heavy unfilled sell
orders. This type of occasional
market support could have a
major impact on friendly share-
holder relations. Every company
must think about the future
when it might wish to raise more
capital by a new share issue, and
a satisfied shareholder commu-
nity will be essential.

Market-makers. None of our
broker-dealers holds itself out to
be a market-maker, risking its
own capital to take a position in
a stock for subsequent sale, the
long-time function of specialists
on the New York Stock
Exchange and of many dealer
firms in US and foreign capital
markets. One can understand
our local firms’ reluctance to do
so given the thin trading levels
on BISX, and the danger of
being stuck with an illiquid hold-
ing. Nevertheless, it would be a
great boon to our capital mar-
kets if several financial institu-
tions could pool their resources
to create an investment company
to intervene between buyers and
sellers. If well managed with rea-
sonable leverage, such a compa-
ny could be profitable.

It’s often said that Bahamians
only invest in stocks to hold them
until death. Clearly, that’s a half
truth: the preponderance of sell
orders shows that many share-
holders want — and some may
seriously need — an exit route.
While BISX itself is a valuable -
player in our capital markets,
many of our trading techniques
must be restructured to satisfy
those on the sell side.

NB: For disclosure purposes,
the author states that a company
he controls invests in several

’ BISX-listed shares.

















THE TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 3B






m@ By CARA
BRENNEN-BETHEL
Tribune Business
Reporter

THE FNM government was
yesterday urged by a former
Exuma MP to revisit the terms
of the Heads of Agreement
signed with the developers
behind the Aman resort pro-
ject on Norman’s Cay to
ensure they will not be “call-
ing all of the shots” on the
island.

George Smith said he was
speaking as a concerned citi-
zen on the project, and was
concerned about the provi-
sions contained in the Heads
of Agreement.

“I support a tasteful, envi-
ronmentally friendly and
properly-funded development.
Bahamians should have
opportunities beyond jobs.
After all it is their land,” Mr
Smith said.

“If this were in New Provi-
dence and they were talking

about the amount of land that.

they are talking about for
Norman’s Cay, there would
be a public outcry. But
because this is on a cay, no
one is really saying anything.”

Mr Smith had previously
denied to The Tribune that he
was raising concerns because
his cousin, Bahamian real
estate developer Lester Smith,
who has a resort project on
nearby Wax Cay - situated on
- a large acreage of Crown
Land granted to him by the
Christie administration - had
concerns about the competi-
tion that would be posed by
the Amanresort. "

Aman’s partner in the $500
million project is the develop-
er, the New York/Miami-
based Setai Group. They had
partnered with a group of
Bahamians, attorneys Martin
Solomon and R James Cole,
and financial executives Mark
Holowesko and Gregory
Cleare.

The Aman project for Nor-
man’s Cay has been on the
drawing board for almost a
decade, and a Heads of
Agreement was signed with
the first Ingraham adminis-
tration in 2002. Yet talks over
a supplemental Heads of
Agreement with the Christie
government went nowhere,
and the project was delayed
for five years until Mr Ingra-
ham returned to office. |

An economic impact study
projected that the Aman
development would generate
580 jobs for Bahamians over
20 years, inject $330 million
into the Bahamian economy
over the same time period,

and by 2024 inject $36 million ©

into the Bahamian. economy
annually.

But Mr Smith said a major
area of concern was the oper-
ation and control of the air-
port, the details of which he
added were only partially
mentioned in the Heads of

Agreement.

“Ts it common for. Family
Island airports, particularly
ports of entry, to be privately
owned? The whole airport
concept, its use and construc-
tion timing seems flawed,” he
added. —

Mr Smith suggested that
landing fees should be charged
to international flights, where
Customs and Immigration
were an expense, but not for
Bahamas-originated traffic.

He added that at the pro-
ject’s marina there should be
an area where foreign boats
would pay for berthing. How-
ever, Bahamian boats and
mail boats should have a des-
ignated area free, they said.

“The proposed use and
guarantees of the airport and
marina ...are sadly lacking in
performance or timeline guar-
antees. There seems to be a
potentially fatal haste to con-
vey and lease before perfor-
mance or other guarantees by
the developers,” Mr Smith
said.

“One would have thought
that the deeding and leasing
would have taken place after a
certain amount of perfor-
mance. An example would be
a three-year lease on the mari-
na site during which time con-
struction would take place.
Upon completion this would
automatically become the 45
years plus 45 years plus 45
years. Not only would this
guarantee performance, but
would prevent ‘flipping’.”

Mr Smith said he also had
concerns regarding the land

being given throughout the

five units Norman’s Cay is
zoned into.

“The 45 acres retained by
the Government should be
increased. to include the land
marked for ‘future develop-
ment’. One must assume that
the party that will do the
future developing will expect a
deed'to this property imme-
diately. Is it the developers?”
Mr Smith asked.

“The Government should
retain the ‘future develop-
ment’ land along with the 45
acres of ‘retained land’, and
be free to sell, develop or oth-
erwise deal with third parties.

“There should be no inter-
ference from the developers,
as suggested in the Agree-
ment, in the development of
the land retained by the Trea-
sury.”

Mr Smith said other ques-
tions involved the developer’s
obligations and responsibili-
ties as it related to the Private
Roads and Subdivisions Act,
pre-sales, the amount of real
property tax which the devel-
oper must pay, as well as the
public access allowed Bahami-
ans, and infrastructure and
utilities.

“It looks like all the devel-
opers have to do is build a
small hotel and pre-sell land?
Instead of specific closings for

' specific properties based on

Former MP urge

performance, they pay $1 mil-
lion and take over the entire
Cay less 45 acres of ‘retained
land’, most of which is useless
land, over which they would

instruct the Government in its

use. This whole section seems
to indicate that the developers
have the right to call the
shots,” Mr Smith said.

Mr Smith said Norman’s
Cay project could be a great
opportunity for the Bahamas
to benefit by bringing in two
respected names in the hotel
and development industry.

He added that his com-
ments were purely to assist the
Government in negotiating a
better deal for the Bahamian
people.

“ Some prudent changes,
along with the Government
retaining an additional 150
acres, could be the difference
between an equitable. devel-
opment on Norman’s Cay or
the possibility of a third party
assignee or assignees taking
over the entire deeded Cay to
the detriment of the country,”
Mr Smith added.

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m@ By CARA
BRENNEN-BETHEL
Tribune Business
Reporter

. A Florida-based marine
conservation group yester-
day urged the Bahamas to
ban the underwater feeding
of sharks following last
week’s tragic death of an
Austrian diver in these
waters..

Bob Dimond, president of
the Marine Safety Group
(MSG), said that shark
feeding tours like the one
that resulted in the death
also pose a threat to island
visitors not involved in
these expeditions.

“It places other shark
enthusiasts at risk - even
those far removed from
feeding sites,” he said.

“Once a shark learns to
associate boat arrivals
and/or people in the water

. with dinner time, those

associations are remem-
bered for a long time and
taken with the shark wher-
ever it may wander - a
recipe for disaster.”

Mr Dimond said that in
2000 a swimmer had half his
leg removed by a shark
while swimming off the

yeu penalty free access to your rnoney. t



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Cyril Peet

beach at a popular Bahami-
an resort near Freeport,
only a mile from an active
shark feeding site.

“IT often wonder how
many so called ‘ unpro-
voked’ shark attacks, have
been committed by sharks
whose behaviours have
been altered by feeding
dives,” he added. -

“It is time for the
Bahamas to put a stop to
them, as have the Cayman
Islands, Florida and
Hawaii.”

Mr Dimond said such pat-
terns of behaviour had
already been seen.

Site

Randy Jordan, of Emer-
ald Charters, said aggressive
sharks still approach his
boat whenever he pulls up
to a particular dive site,
even though the site has not
been used-for the past six
years. .

The website for Bimini

Under Sea Adventures also
reported that sharks had
been seen swarming boats
at virtually every location
throughout the Bahamas
that has - or still does - con-
duct shark feeding dives.

“with

4 Bahamas urged to
WOU COB as CLs ban shark feeding

Norman’s Cay deal|

Mr Dimond said Dr
Denise Herzing, a marine
animal behavioural special-
ist and assistant professor
at Florida Atlantic Univer-
sity, reported that she and
several of her students had
also been swarmed after
being at a site for years,
simply because a new dive
site had been established
about a mile away .

This is because the sharks
are conditioned to expect
food, Mr Dimond said.

“This is classic condition-
ing of the worst kind, delib-
erately changing the behav-
iour of large predators in
the wild where they are free
to interact with an unsus-
pecting public,” said veteran
marine biologist William
Alevizon.

He said that active shark
feeding sites were scattered
all over the Bahamians, and
no one but the feeders knew
exactly where most of the
sites were located.

MSG is a registered Flori-
da non-profit corporation
focusing on the protection
of coastal and marine
habitats and _ wildlife,
and the people that interact
and use_ these
resources.





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PAGE 4B, FRIDAY, MARCH 7, 2008

THE TRIBUNE





‘Concern’ on reputational effects
from Film Studios lease end |

FROM page one

posals from others.”

Mr Bethel, who returned to
the Bahamas yesterday, said: “I
have been made aware of the
Prime Minister’s statement, and
I have to take it under review

and what the implications are
behind the action the Govern-
ment plans to take.

“Until we know exactly what
definitive action the Govern-
ment is taking, we cannot spec-
ulate as to what course of action
we will be doing.”

Mr Bethel added that he and

with my colleagues in terms of

: his Bahamas FilmInvest grou
what action we need to take, : , ErONr

were still committed to con-

University of The West Indies
Alumni Association (UWIAA)

Annual General Meeting 2008
Date: Wednesday 12 March 2008
Venue: UWI House Restaurant
Tourism Training Centre
Thompson Boulevard
Time: 6:30 pm - 7:30 pm
Info email: uwibahalum@yahoo.com

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT. 2000
No. 45 of 2000

In Voluntary Liquidation

Notice is hereby given that in accordance with Section138
(4) of the International Business Companies Act, (No.
45 of 2000), INTRASEAS LIMITED, is in dissolution.
Continental Liquidators Inc. of 60 Market Square, Belize
City, Belize. All persons having claims against the above-named.
company are required to send their names, addresses and particu-
lars of their debts or claims to the liquidator before 5th April, 2008.

Vor: Contireutal Liquulatoss, Ine.
Liquidator ,



Pooky TUTE A

INVESTOR

SE

40 year-old International Developer/Operator of
Healthcare and extended living facilities seeks
equity partner in additional Florida sites.
Nassau site under consideration.

This is an impeccable family-owned company.
Ideal investor might be the same. History is
12% cash on cash plus major long term
appreciation. Average project is 40mm and
8mm equity. _

This is an opportunity to get into the booming
Florida market as a silent investor. Funds may
be discreet. This company will pass he
absolute highest review.

Principal Representative
at the British Colonial Hotel
CALL ME, SEE ME. MR. KENNETH WESTPHAL
TEL: 302-9000

BIs

Pricing Information As Of:
5 March 2008





Abaco Markets




11.80 11.25 Bahamas Property Fund
19.68 8.50 Bank of Bahamas 9.61
10.99 0.83 Benchmark 0.99
3.74 2.00 Bahamas Waste _ 3.66
2.70 1.26 Fidelity Bank 2.60
13.60 10.03 Cable Bahamas 13.60
3.15 2.10 Colina Holdings 3.14
18.50 4.62 Commonwealth Bank (S1) 7.10
7.22 3.63 Consolidated Water BDRs 3.80
12.60 2.20 Doctor's Hospital 2.46
7.90 5.94 Famguard 7.90
13.01 12.30 Finco 12.92
14.75 13.90 FirstCaribbean 13.90
6.10 5.12 Focol (S) 5.15
1.00 0.54 Freeport Concrete 0.74
18.00 7.20 ICD Utilities 7.25
a 8.60 J. S. Johnson 12.30
A 10.00

Premier Real Estate





Symbol Bid $



Bahamas Supermarkets 14.60
Caribbean Crossings (Pref) 6.00
Q.35

41.00
Bahamas Supermarkets 14.60
0.45

RND Holdings

NA V
1.300059***

“Fund Name
Colina Bond Fund






2.4723 Colina MSI Preferred Fund 2.999402°*"**

1.2647 Colina Money Market Fund 1.381183°"***
3.1424 Fidelity Bahamas G & | Fund 3.7442°°*
11.4467 Fidelity Prime Income Fund 11.9880***
100.0000 CFAL Global Bond Fund 100.00°*
100.0000 CFAL Global Equity Fund 100:00°*

1.0000 CFAL High Grade Bond Fund 1.00°*

ideli 9.6628***

International Investment Fund




= 1,000.00
52wk-Hi - Highest closing price in last 52 weeks

MARKET TERMS




cluding the Bahamas Film Stu-
dios’ purchase.

They currently have a signed
sales agreement in principle
with Ross Fuller, the Bahamas
Film Studios’ chairman and
head of Gold Rock Creek
Enterprises, its immediate hold-
ing company. Mr Fuller is also
chairman of the Studios’ ulti-
mate holding company, Bermu-
da-domiciled Ashby Corpora-
tion.

He indicated that Bahamas
FilmInvest International was
prepared to either consummate
the deal with Mr Fuller, or
negotiate with the Government
should it terminate the lease
and seek proposals from inter-
ested parties in a bid to
obtain the best possible invest-
ment.

Mr Bethel told The Tribune:
“We can very well state that we
are very much interested in the
conclusion of the agreement,
and if the Government does
become the party in the driver’s
seat for negotiations, I’m sure
my group will be prepared to
have discussions with them.”

The Bahamas Film Studios,

which is where a substantial part
of the Pirates of the Caribbean
II and III sequels were filmed,
lie on the 3,500-acre former US
Air Force Missile Base site in
Grand Bahama. The whole site
is Crown Land that is leased
from the Government.

As revealed by The Tribune
on Wednesday, the Govern-
ment’s lease termination plan, if
it follows its intended course
through to fruition, will have
several consequences and reper-
cussions, some potentially good,
some potentially bad.

For starters, it could have a
major negative impact on how
the international film and TV
industry perceives the Bahamas
as a production location, dam-
aging the growing demand and
interest in this nation.

Mr Bethel, who heads the
Montaque Group financial ser-
vices provider, echoed these
concerns, saying: “It does give
me concern in regard to the per-
ception that the stakeholders in
the industry might get in regard
to the Bahamas’ desire to devel-
op a serious film industry.

“But if it’s handled in the

‘Fidelity Over-The-Counter Securities



Colina Over-The-Counter Securities

BISX Listed Mutual Funds




FINDEX: CLOSE 917.23 /YTD -3,65% / 2007 34.47%
YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity

PROPERTY FOR SALE

Utilities in place, 3 minutes from Airport Lot 3C and
3D for sale (1 acre total) ($550,000 net)
Contact Info; Michael
Tel: 242-394-9396
Cell: 242-422-1522

Email: mturnquest@coralwave.com

NOTICE

NOTICE is hereby given the VANNETTE HOMERE of JOE
FARRINGTON ROAD, P.O. BOX FH-14407, NASSAU,
BAHAMAS, is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization as a
citizen of The Bahamas; and that any person who knows any

_ reason why..registration/naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days’ from the 7TH day of MARCH, 2008 to the
Minister responsible for Nationality and Citizenship, PO.Box N
- 7147, Nassau, Bahamas.

NOTICE

INTERNATIONAL .BUSINESS COMPANIES ACT. 2000
No. 45 of 2000

In Voluntary Liquidation

Notice is hereby given that in accordance with Section138 (4)
of the International Business Companies Act, (No. 45 of 2000),
SOUTH ATLANTIC METALS INC., is in dissolution.
Continental Liquidators Inc. is the Liquidator and can be con-
tacted at 60 Market Square, P.O. Box 1906, Belize City, Be-
lize. All persons having claims against the above-named com-
pany are required to send their names, addresses and particulars

of their debts or claims to the liquidator before Sth April, 2008.

Vor: Contureta: Liquulators, Ine.
Liquidator
































1.502 0.400 3.39%

9.61 0.00 0.643 0.160 14.9 2.71%

0.99 0.00 0.188 0.030 5.3 3.03%

3.66 0.00 0.289 0.090 12.7 2.46%

2.60 0.00 0.058 0.040 44.8 1.54%

13.60 0.00 1.030 0.240 13.2 1.76%

3.14 0.00 0.031 0.040 101.3 1.27%

7.11 0.01 35,000 0.428 0.260 16.6 3.66%

3.63 0.17 0.129 0.052 29.4 1.37%

2.46 0.00 0.316 0.020 7.8 0.82%

7.90 0.00 0.713 0.280 11.1 3.57%

12.92 0.00 0.810 0.570 16.0 4.41%

13.98 0.08 15,000 0.914 0.470 15.3 3.36%

5.15 0.00 3,275 0.363 0.140 14.2 2.72%

0.74 0.00 0.035 0.000) =«21.1 0.00%

7.25 0.00 0.411 0.300 17.6 4.14%
12.30 0.00 1.059 0.610 11.6
10.00 0.00 1.167 0.600 8.6

Ask $ Last Price Weekly Vol. EPS $ Div $ P/E

15.60 16.00 1.160 0.900 13.4 6.16%

6.25 6.00 * 0.000 0.480 NM 7.80%

0.40 0.35 -0.023 _ 0.000 N/M 0.00%

43.00 41.00 4.450 2.750 9.0 6.70%

15.60 14.00 1.160 4.125 13.4 7.71%

0.55 0.45 -0.030 0.000 N/M 0.00%








YTD%
0.62%
-0.04%
0.39%
-1.40%
0.46%

Last 12 Months Div $ Yield %
6.15%
15.53%
3.85%
27.72%

5.53%
























NAV KEY



right manner going forward, we
should be able to handle any
damage that may be incurred
as a result of such action being
taken, and any impact for those
productions that are ongoing or
certainly considering use of the
facility in the immediate
future.”

Terminating the Bahamas
Film Studios’ lease would raise
immediate 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

The Tribune understands that
the movie’s production crew
have major concerns about
whether they can use the Grand
Bahama-based facility as a
result of Tribune Business’s arti-
cle on Wednesday. It is likely
that some arrangement would
be worked out to enable them
to continue.

Terminating the lease, while
collapsing the existing Bahamas
FilmInvest deal with Mr Fuller,
might also help the company
close its planned purchase more
quickly, as it would enable Mr
Bethel’s’group to negotiate
solely with the Government and
take Mr Fuller out of the equa-
tion. ’

This is because it would
deprive Mr Fuller of the main
asset he is selling - the very

Bahamas Film Studios project.

Yet given the Government’s
professed desire to entertain
other investment proposals, ter-
minating the lease could also
open up the way for competi-
tion to Mr Bethel’s group from
rival bidders, as they would not
be saddled with the Bahamas
Film Studios’ debts and liabili-
ties.

A lease termination might
also have consequences for the
Bahamas Film Studios’ many
creditors, among them Bahami-
an companies such as Islands
by Design and Phoenix Engi-
neering, who are believed to be
claiming they are owed around
$125,000 and $300,00 respec-
tively for engineering and envi-
ronmental 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, one 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



same lease and rights to the © company.

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) ACADIA OVERSEAS LIMITED is in dissolution under the
provisions of the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 6, 2008
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The liquidator of the said company is Lakeisha Collie of 2nd Terrace
West, Centreville, Nassau, Bahamas. .

(d) All persons having Claims against the above-named Company are) ;:1. required on or before the 3rd day of April, 2008 to send their i 6...) jane:
names and addresses and particulars of their debts or claims to the
Liquidator of the company or, in default thereof, they may be
excluded from the benefit of any distribution made before such
debts are proved.

MARCH 7, 2008

_ LAKEISHA COLLIE

LIQUIDATOR OF THE ABOVE-NAMED COMPANY

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) PANORAMA OVERSEAS LIMITED is in dissolution under the
provisions of the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 5, 2008
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The liquidator of the said company is Lakeisha Collie of 2nd Terrace
West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 2nd day of April, 2008 to send their
names and addresses and particulars of their debts or claims to the
Liquidator of the company or, in default thereof, they may be
excluded from the benefit of any distribution made before such
debts are proved.

MARCH 6, 2008

LAKEISHA COLLIE

LIQUIDATOR OF THE ABOVE-NAMED COMPANY



MUST SELL
VACANT PROPERTY

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

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

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

Interested persons should submit
offers in writing addressed to:



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

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



(‘S) - 4-for-1 Stock Split - Effective Date 8/8/2007
(1) - 3-for-1 Stock Split - Effective Date 7/11/2007

19



- Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume

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

2 CFAL 242-502-7010 7

Ask & - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price
Weekly Vol
EPS $ - A company’s reported earnings per share for the last 12 mths

- Trading volume of the prior week

NAV - Net Asset Value

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

”



Not Meaningful

FIDELITY 242-356-7764 / FOR MORE DATA & INFORMATION CALL




** - 31. December 2007
*** - 31 January 2008
s+ - 2 January 2008
seeee - 22 February 2008












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

Serious enquiries only





THE TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 5B



Mii i
CLIENT ACCOUNTANT

FROM page one

ward a Bill with a lot of unanswered questions.”

Dr Deveaux said he had received an apolo-
getic letter from the Bahamian Contractors Asso-
ciation’s (BCA) president on January 24, 2008,
saying that the organisation had received “limit-
ed” feedback on the Bill and needed more time to
collect and compile member responses.

Stephen Wrinkle, the BCA’s president, was
said to be off-island when The Tribune called
for comment yesterday.

However, among the BCA’s suggested amend-
ments to the draft Bill are that only a qualified
licensed contractor be allowed to apply for
required building permits, building inspections
and certificates of occupancy, at all times quoting
their contractor licence number. The only excep-
tion to this, the BCA is suggesting, is for when an
individual is constructing their own private
dwelling.

Other proposed changes include only permit-
ting an individual to act as the general contractor
when constructing their own private home. Oth-
erwise, a contractor whose licence qualifies them
to do the necessary scope of work will be
required.

The Contractors Bill is intended to licence all
Bahamian contractors seeking and contracting
for work with the public, with firms licensed
according to the scope of work they are capable
of - and competent for - doing. In this way, the
legislation is designed to protect consumers from
shoddy workmanship, and also give them a
process through which they can obtain redress.

When it came to the Categories for Registration
(Licensing) of contractors, the BCA recom-

FROM page one

sense. Don’t throw a wrench in

Contractors Bill

mended that the Building Contractor (all levels)
be changed to a General Contractor Level One,
who was capable of constructing buildings with a
maximum of two storeys and employed from one
to 25 persons.

Above that, Level Two contractors were capa-
ble of constructing three-storey buildings and
employed 26-50 persons.

Level Three contractors would be required to
have 51-100 employees, and Prime Contractors
over 100 employees.

All other categories would remain the same, the
BCA arguing that the amendments were war-
ranted by the fact most contractors - both large
and small - viewed themselves as general con-
tractors. By classifying them as such, they would
have the opportunity to move up the contractor
chain easier.

Other BCA proposals included requiring con-
tractors to, at a minimum, have third party liability
insurance based on their licence.

Another suggested change was to have an
Accreditation Committee to help the Contractors
Board establish standards for the industry’s trades
and divisions, and develop licensing exams. By
having Bahamian construction industry standards,
it was felt that it would be easier to ensure foreign
companies that entered the Bahamas legitimate-
ly to undertake major projects would have to
joint venture with Bahamians.

The draft Bill had been handed to some 400
contractors who attended last year’s Contractors
Fair, staged by the Ministry of Works in con-
junction with the BCA, and all that remained
was to obtain the required feedback.

PM’s Baha Mar scepticism

a

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 nye fax together with a

covering letter to:

HUMAN RESOURCES

TELEFAX: (242) 356 9432



INVESTMENT OPPORTUNITY

that potential change of confi-
dence by saying there’s a good
likelihood Baha Mar won’t suc-
ceed.”

Such comments, the Chamber
president said, would cause con-
tractors to pause and think
about whether they should ready
for construction work on Baha
Mar, and impact business deci-
sions about whether to
invest and expand their busi-
nesses.

Mr D’ Aguilar said that if the
Ingraham government har-
boured doubts about Baha

You don’t approve a project and
expect it not to work. I was
stunned to hear that yesterday.

“J just don’t understand why
they’re being so negative about
the deal. My impression is that
the Government has never
shown the enthusiasm about this
project that they have shown
about, say Atlantis.

“T think it was a little bit pre-
mature to start preaching doom
and gloom about the project,
having concluded the agreement
just one month ago.”

The Chamber president said
the Prime Minister’s comments

to everyone Baha Mar has to
deal with. It makes it harder for
Baha Mar to negotiate with the
people they need to get the job
done”.

He explained that when the
developers negotiated with
Bahamian businessmen and con-
tractors, these people would
have in the back of their minds
the seed planted by the Prime
Minister that the project will not
succeed.

Mr D’ Aguilar said he wished
the Prime Minister had been
cautiously optimistic, rather than

pessimistic, on Baha Mar’s

MUST SELL

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

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

’

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

The units are being sold collectively. .

Mar’s ability to find the $400
million in equity funding, meet
the March 2009 deadline and
complete the Cable Beach trans-
formation, it “should not have
approved the deal in the first
place”.

Acknowledging that he was
speaking as “an outsider look-
ing in”, and was not privy to all
the details, plans and financial
information on the project that.....J.
the Government possessed, the

3 Chamberspresidént satd-itWwas) if:

# possible the adiministration may'v

“have good reasons to support its
scepticism.

If this was so, Mr D’Aguilar
said they should make these rea-
sons public. He questioned why
the Government would sign a
supplemental Heads of Agree-
ment for Baha Mar a little over ©
one month ago and then pub-
licly raise doubts over its
prospects of success.

While the Government might
want to manage Bahamian
expectations and ensure the pub-
lic did not get carried away with {
their hopes for Baha Mar, Mr ©
D’Aguilar said of the Prime
Minister’s comments: “I’ve nev-
er heard them express those sen-

timents about any other project. Bahamas.

also “send the wrong message

BAHAMAS,

prospects.

NOTICE

NOTICE is hereby given the LISBONNETTE HOMERE. of
JOE FARRINGTON ROAD, P.O. BOX FH-14407, NASSAU,
is applying to the Minister responsible for

Nationality and Citizenship, for registration/naturalization as a

‘citizen of The Bahamas, and that any person who,knows any
reason why. registratjon/naturalization . should not be granted,
~should.send a.written and signed statement of the facts within
‘twenty-eight -days from the’ 7TH day of MARCH, 2008 to the
Minister responsible for Nationality and Citizenship, PO.Box N
- 7147, Nassau, Bahamas.



NOTICE

NOTICE is hereby given the EMMANUEL FRANCOIS of
746 TWYNAM HEIGHTS, NASSAU, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship, -
for registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 7TH day of MARCH, 2008 to the Minister responsible
for Nationality and Citizenship, PO.Box N - 7147, Nassau,

Dundas Centre for Performing Arts @8:00 p.m.
The Department of Culture 326-0147/0152 TICKETS: $30.00





For conditions of the sale and any other
_information, please contact:
The Commercial Credit Collection Unit
at: 356-1685 or 356-1608
Nassau, Bahamas

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

Serious enquiries only

3 SWI

= ) FIDELITY |

An entrepreneurial spirit, original thinking, and a passion to succeed.
If you have it, we want you. -

We are growing!

Fidelity invites applications for the position of:

Manager, Human Resources

HUMAN RESOURCES

Re: Manager, Human Resources
51 Frederick Street

P.O. Box N-4853

Nassau

F: 328.1108

careers@fidelitybahamas.com

[ABSOLUTELY NO PHONE CALLS]



PROFILE:

° Bachelor's Degree in HR Management and/or HR Certification

¢ A minimum of five years experience working as a HR Manager

e Strong leadership skills

e Strong interpersonal oral and written communication skills

e Proficiency in Excel, Word, PowerPoint, Access, Outlook and -

Internet Explorer

The successful candidate will be responsible for:

RESPONSIBILITIES WILL INCLUDE:

e Provide leadership to the HR Department

¢ Develop and administer a range of Human Resources programmes
designed to attract, retain and motivate employees and
management staff

° Oversee employee recruiting and selection, staff planning, personnel
records, salary and benefits administration, pension, insurance
matters, discipline process, etc. ot 4

e Interview prospective employees and conduct background checks

e Set budget for all human resource activities

° Manage Staff Performance Appraisals process and Prepare Staff Job
Descriptions :

¢ Maintain and Update Employee Manual of HR Policies & Procedures

_© Manage Employee/Employer Labour Relations

¢ Organize and manage Succession Plan
© Disseminate information to employees as required

e Provide monthly, quarterly and yearly HR Management Reports

An attractive compensation package, including a
comprehensive range of employee benefits, is
being offered.

Salary range subject to qualifications and experience.



PAGE 6B, FRIDAY, MARCH 7, 2008





RIF

vod
DICKENS'S

















WELL, BUMSTEAD,
ARE YOU READY FOR

AT









I'M RARING TO
TO THE GRIND.




WHOA..-I
FORGOT ABOUT
THAT POORBELL!



KEEP MY NOSE
STONE!






WELL, LLL
BE_.. IT’S
LITTLE ABBEY
SPENCER! HOw
NICE TO SEE
YOU, DEAR!



WOW, THE TABLE \ Don:

SAME HERE,
MRS. DICKENS..-ITS
BEEN A LONG TIME!

T TELL ME I
















COMICS PAGE

UP TO, DENNIS2”












4& Pass 5 &
Opening lead — queen of spades.

Game contracts in minor suits
are comparatively rare. Whenever a
partnership has the high-card
strength to undertake an 11-trick
contract in a minor, they usually can
more easily make nine tricks in
notump or 10 tricks in a major suit.

Here is a typical example.
Although North-South together have
11 clubs, which strongly suggests
that suit as trumps, by far the best
final contract is thre notrump
played by North. ‘Nothing can stop
the nine-trick game, while an 11-
trick club contract is clearly a dan-
gerous undertaking.

Three notrump can quickly be

Contract Bridge
____BySteve Becker
A Challenging Problem

MOM’ THERES A
BIG HORSEFLY
ON THE BACK

IS LOVELY, RUBY— FINALLY
AND JusT LOOK IMPRESSED
ROOD I oy MAGGIE MAGEEPL! | SWiiat ARE YoU “ONLY THREE,SO FAR.”

chances by rejecting the diamond
finesse.. Instead, he should play the
A-K-J of diamonds after drawing
trumps. As it happens, West’s queen
falls and South’s worries are over.
But let’s suppose the queen had
not fallen. In that case, one of two
things will happen when the jack is
next led. If East wins with the queen,
he will be forced to return a heart
into dummy’s A-Q or yield a fatal
tuff-and-discard. If West wins the
third diamond — which means the
finesse would have failed if
attempted — declarer still has the
heart finesse to fall back on.
Refusing the diamond finesse,
therefore, offers an extra chance to
make the contract — i.e., if West has



THE TRIBUNE






















ANOTHER YEAR | i South dealer. three clubs. With a stopper in both
g East-West vulnerable. majors, North could then securely ae
: ‘ NORTH bid three notrump.
K8 Careful play produces 11 tricks at :
x VAQ clubs. The spade queen is covered by FRIDAY, ‘
j 863 the king and ace, and East’s spade MAR 7
; ie 97542 i retum is ruffed. After drawing a
i AST round of trumps, South must now ARIUS - Jan 21/Feb 18
3 #Q5953 #A 10742 determine the best line of play. AQU . mt
: ne OF play Your schedule this week seems
Â¥109532 VKI He observes that if either a heart idi i
= . ‘ : ridiculous. You feel there will be no
3 Q2 #109754 finesse or a diamond finesse suc- way to get it all done, Aquarius.
§ 6 Cy ceeds, the contract is made. The odds Somehow you’ll summon the power
SOUTH that one or both finesses will succeed of an army and push through
a6 are 3-to-1 in his favor. (In the actual y :
Â¥8764 case, though, both finesses would PISCES - F eb 19/Mar : 20
. AKJ fail, and declarer would go down nae of mete Dae sou
1 AJ1083 one. can’t keep, since this week you are
Tees ee ale a i I'D LUKE TO THINK The bidding: However, it would be wrong to overly optimistic, Pisces. Don’t com-
Race THe ae of N THERE ARE DOGS South West North East take both finesses despite the favor- | mit until April arrives.
ON OTHER PLANETS 1& Pass 3 Pass able odds. South can improve on his ARIES — Mar 21/Apr 20

Be careful of what you are ‘doing
Aries. You could send an e-mail to the
wrong person or leave a sensitive doc-
ument in thé copier. Stay on your toes
most of this week.

TAURUS — Apr 21/May 21

Keep track of your finances, Taurus,
It’s easy to let a bill slide by, other-
wise. You don’t want to mar your

‘ financial record with a foolish mis-

take, like sending out a payment late.

GEMINI - May 22/Jun 21 -
It will be difficult to schedule meet-
ings these days, Gemini. Everyone
Keeps switching the date, and find-
ing an acceptable time is turning into
a fiasco. Keep your patience.

CANCER - Jun 22/Jul 22






te reached if South, trying to avoid the’ the doubleton queen — but can never :
re ee club game, bids three diamonds over _ cause declarer to lose it. ae oe ae Ieee
WILL DIE will require more time and, most




AKPPY likely, more money. You may want

to jump ship.

LEO - Jul 23/Aug 23

' é The next week is not ideal for ven-
turing into new territory, but you can
shore up projects you have already
started. These projects. may be rela-



GOCOMCS.COM ( WONSeQITIZ



The
Target
uses -
words in

Ww the main tionships as well.
. »o DV of
TIGER body of BE 2088 VIRGO - Aug 24/Sept 22
. of Chambers Se2.o38qs This isn’t the ti for d tic deci
21st BOSARSS veut ue a one ci-
wa Century HYogte sions. You could end up with home
AY FAVORITE YOU CANT visit Dictionary 258 gSa8ey renovations that border on weird. Wait _
UNCLE IS IN INTHE HOSPITAL tie Bopdh yrs some time before heading to the home
. i 2 ‘ : ;
TILL You'ge HOW-inany works stea nities Z 5 3328 g B3y center or choosing paint swatches.
; pe, 8a 2 =
TV LIKE TO TWELVE or more can you make from the peso. g5o LIBRA - Sept 23/Oct 23
‘letters shown here?*In makin SEBO agved This week, you will be delighted to
g DOSLALG y &
a word, each letter may be used 4 = 3 Shag 3 bump into old friends. Take the time
ence ob Each must contain the. Eee cceze, | catch up on past history, and
at least one nine-letter word. us 4 eee 58 resolve to keep in touch more, Libra.
a foanpss

No plurals

TODAY'S TARGET .

Good 18; very good 27; excellent

36.(or more). Solution tomorrow.

You prefer play to work anyway.

SCORPIO - Oct 24/Nov 22

If you’ve been scatterbrained, things
will all come into focus this week,
Scorpio. You could find that lost
watch or set of keys. Otkers will
notice your regained conceniratioi.

SAGITTARIUS — Noy 23/Dec 21





af aa













ey Pa 5 Things are not working according
12 : os
one be 2 ta . DOWN Banas Rava |_| |_| to your ieee ee .
9 Ina while, is again so annoying (8) 1 In airplane, submarine - everywhere Z| Sine i | La | F you are ne rated. aa 1 x
10. Figure inordinately in the speech (3) (43,3) word ue ia : fo edule rather
11 Thought otherwise when | took over (6 id- i ‘ 2
12 Aminr atk (6) re wore ueenene = i ae CAPRICORN - Dec 22/Jan 20
ipa 20 21] jee | carbohydrates | ohydrates You can finally catch up on all those
8 hs ett the heartless burglar is 4 Teasing, rib an Irishman about having GES | | zB | & x. 5 chores you promised to get to,
eee j ‘ : apricorn. Even though the thought
: a foreigner (7) 26 ee Sugars, starches Capricorn. Even thoug e thoug
14 Duck is dear (4) 5 The garden table's not at all important ele te) eta: (2 ES aos ate rts isn’t appealing, you know that it can’t
asing's taken good-humouredly : : E 5 | y 3 a a be all fun and no work
15 How teasing’s ta (3,385) 3 Cg Tt gs) .




when playing “The Saint"? (2,4,4)
17 Arevelation, from the aspect of the
estate agent (8) “boldness” (10)
18 The late swing to the lefl made a 7 Supports — is a' follower of (6)
difference (7) 8 Have a word with your mirror image? (8)

source



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‘CHESS by Leonard Barden !






19. Transport back at ten to one (4) 10 Reel - it's a dance (5)
2" Of course | have to have a key to get in (6) 16 Lean too far - onthe side of Keti Arakhamia-Grant v Pia Nats
21 Having no real justification for being generosity? (7) Cramling, MonRoi Grand Prix, ‘ fz
mad (7,4,6) 20 Ready to, more or less (5) Montreal 2007. It was an unusual ° |
27 Nip the dog, perhaps, gave the little 22 For a couple on the Andes, missing, an competition, financed by a 7|
darling (6) awful gloom (7) company which is trying to |
i ich i i opularise a new electronic device °
29 Prevails upon to, which is annoying (4) 23 Coaches and a lorry wanting to get in fouieording ae aac | |
30 Called in a time back to put in an order (7) on the act! (11) ACROSS DOWN 0 ' f 5}
i , ; 9 Strap worn in a car (4,4) 1 Molotov cocktail (6,4) Qualifiers for the Grand Prix final | |
33 With the brave, lose some of one’s ohn jolotov k . al
; 25 Generally speaking, it's when to mend 10 Snow runner (3) 2. Male deer (4) - had not only to make high scores |
: oe Ant a breach (2,3,5) : 4 pears ie 3. Tall thin person (8) ina qualifying event but alsoto | |
re : 7 ‘ ° e
are 26 Might possibly being caught in an awtul BB Gather together (5,2) 4 Everlasting (7) undertake to write down their
interesting to children (10) Lu : i 5 Third molar (6,5) susing the new technique, 2! a |
2 14. Fibs (4) 5 cia a ‘ move g q
36 Really good in colour (4) ae Deore ae) x 15. Body of voters (10) 2 ae M18) Three-time British woman i| | 1A
37 In present case, it's vegetation (7) 28 Eon notice, though you do have a N 17 Conjuror (8) ; Tare (8) champion Arakhamia-Grant L eS ; =
38 Allinvolved suppressed the frenzied view of (8) = 18 Frets(7) | looked like taking the top cash
i i a. 19 Bushy hairstyle (4) 10 Ketchup, say (5) : oe
killing (6) 31 Lacking support, is uneasy (8) 21 Metallic element (6) 16 Pirate (7) and jewellery award when she was a sufficient defence. So she chose
40 Entrance is top of the alley, to the left (6) 32, Real activity by daybreak? So early? (7) > 24 Type of chocolate cake 20 Gives food to (5) reached this position against the 1Bxe5, soon lost her advantage, and
41 Signal with the rod (3) 34 Sends back yours truly inte nrison! (6) ¢ (5,6,8) 22 Invents (7) number one seed from Sweden. went down to defeat. | est
42. Very Gallic to go back into action, 35 Cross when | scold (5) ui 5; ee i. 23 Rivalry (11) ee nate AG ; io ee 0
ion i i mm ai
having taken French leave! (8) 39 Unable to decide if it's damaged (4) 30 Protective care (7) 25 Percussion instrument oard, but White coulc :1ot wor erasa Wn a

puzzle she would have found the nght

idea quickly. Can you do better, and

spot White's win after 1 Rg3 d6?
LEONARD BARDEN

(10) out a clear win. The obvious play
26 Comprehend (10) is 1 Rg3 swinging the rook over to
28 Risky (8) menace the black king, but our
31 Move in waves (8) champion concluded that 1 Rg3 d6
32 Disciple (7)
34 Alter (6)
35 Stage whisper (5)
39 Without heat (4)

33 Jewellery item (8)

35 Popular houseplant (10)
36 Jumping insect (4)

37 Delays or holds back (7)
38 Find (8)

40 Martial art (4,2)

41 Single number (3)

42 Much less (3,5)

CRYPTIC SOLUTIONS
ACROSS: 4, Change 7, Reproach 8, Ocelot 10, Avian 13, Draw 14, Tell 15, Beer 16,
Net 17, Tall 19, Amid 21, Masterful 23, Harp 24, Toes 26, Ton 27, Even 29, Iris

32, Acid 33, Scope 34, Debits 35, Idleness 36, Attest

DOWN: 1, Treat 2, Spoil 3, Com 4, Chore 5, Anew 6, Groped 9, Carafe 11, Vet 12,
Altar 13, Deleted 15, Bit 16, Nil 18, Aspect 20, Music 21, Man 22, Ron 23, Hanest
25, Tip 28, Visit 30, Rower 31, Sense 32, Aide 33, Stew

ee

ODOZHHODO

EASY SOLUTIONS

ACHOSS: 4, Did-dle 7, Alter you 8, Barrow 10, C-he-ap 13, W-Al-t 14, Hill 15,
Fa-l-r 18, LID 17, Olaf 19, Gain 21, Foot fault 23, To-ff 24, Line 26, TA-X 27,
Then 29, Chap 32, Peas 33, Skate 34, Plea-DS 35, Tyne-side 36, Friday

80-20-40 J1va
DOWN: 1, C-atch 2, Steel 3, Grip 4, D-U-bai 5, D-art 6, Look in 9, Airgun 11, Hit : !
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THE TRIBUNE




Surplus of fixes for



mortgage crisis can't
make up for shortage

of banks’ desire to lend

@ WASHINGTON
Associated Press

FEVERED talk in the capital of possible
government fixes for the mortgage crisis belies
an inconvenient truth of the credit market:
banks simply are not eager to lend money.

Congress and the government may have a
limited capacity to ease the crisis because it
has gotten too advanced, experts say.

The latest signpost: Even a relatively modest
legislative proposal to tighten the governmen-
t's reins on mortgage finance companies Fannie
Mae and Freddie Mac won't be coming togeth-
er soon in the Senate Banking Committee, its
chairman Sen. Christopher Dodd said Thurs-
day.

Even with the Federal Reserve cutting a key
interest rate five times in recent months, banks
have been retrenching on lending. Many have
suffered billions of dollars in losses from sub-
prime mortgage securities that have sucked
their capital dry.

On a retail level, 55 percent of U.S. banks
recently reported tightening their lending stan-
dards for mortgages to creditworthy borrowers,
not those with tarnished credit histories con-
‘sidered high risk.

Distress in the credit markets rippled fur-
ther Thursday when Alabama's most popu-
lous county teetered toward becoming the
nation's largest municipal bankruptcy. Two
major financial companies said they received
default notices from banks nervously looking
for loan payments.

"This is just not going to be solved today,’
said John Silvia, chief economist at Wachovia

» Corp. in Charlotte, N.C., and a former chief

economist of the Senate Banking Committee.
"A lot of banks just don't have the money
right now'"' to lend.

One possible source of cash: a trade-off
worked into legislation to more tightly regulate
Fannie and Freddie.

The legislation would not only give a regu-
lator expanded authority over the two, but also

. Make permanent the temporary increases in

the limits on the size of mortgages the govern-

ra

ment-sponsored companies can buy or guar-
antee. ;

As the Senate Banking Committee debated
Thursday, rumors gripped WallStreet that the
government would promise to support Fannie
and Freddie if their finances continued to with-
er.
The Treasury Department denied the mar-
ket-moving rumors, but doomsday scenarios
continued to swirl around the markets and
Capitol Hill.

Shares of both companies hit 52-week lows.
Fannie shares dropped 8.1 percent to $22.30 in
midday trading after the rumor was denied
while Freddie stock fell 7.2 percent to $20.08.

Congress and the administration already
have an economic stimulus package, which
includes the temporary mortgage-limit increas-
es for Fannie and Freddie and the Federal
Housing Administration, under their belt. But
a second "housing stimulus'' package unraveled
in partisan bickering in the Senate last week.

Proposals

Several proposals are on the table — including
having the government buy up distressed mort-
gages and foreclosed properties, and allowing
homeowners who owe more than their homes
are worth to refinance into government-backed
loans.

But banks need more than tabled talk to
regain confidence.

"It seems some higher force is going to have
to get the meeting of the minds together,'' said

-Michael Strauss, managing director and senior

economist of Commonfund in Wilton,
Conn.

That force could be the Federal Reserve.

Fed Chairman Ben Bernanke this week
urged banks and other mortgage lenders to
trim the amounts of mortgages for distressed
homeowners.

Yet he acknowledged that even with some
relief efforts already undertaken by the gov-
ernment and the banking industry, mortgage
foreclosures and delinquencies are likely to
continue to rise for a while yet.

Important

Notice.

cause.
unavailable:

e ABM
e VISA transactions via ABM

this necessary maintenance.



www.firstcaribbeanbank.com

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 this may

During this period, the following services will be

¢ Internet and Telephone banking

Please plan your weekend finances to cater for













FIRSTCARIBBEAN

INTERNATIONAL BANK

e



GET THERE. TOGETHER.

BUSINESS

i earnings,
i because the Bahamas is
: effectively a services and
: tourism exporter, the WITC

: forecast that tourism would
: account for 60.4 per cent of -
: export earnings in 2008.

? When it came to demon-.
: strating just how reliant the

FROM page one

The Bahamas was expect-

: ed to maintain this ranking
i over the next decade to
: 2018, by when 24.6 per cent -
: almost one in every four
: Bahamian workers - would
: be directly employed in
i tourism.

For 2008, the WITC fore-

i cast that the Bahamian
: tourism economy was set to
i grow by 3.5 per cent in real
i gross domestic product
: (GDP) terms, compared to a
: 2.7 per cent average per
i annum growth rate predict-
; ed for the next 10 years.

The Bahamian travel and

: tourism industry was fore-
i cast to account for 50.8 per
i cent of Bahamian GDP in
: 2008, amounting to $3.528
: billion of economic activity.

Both these figures were

i forecast to grow over. the
i next decade, so that by 2018
: travel and tourism would
: account for 51.6 per cent of
: Bahamian GDP or $5.907
: billion worth of economic
? activity.

When it came to export
so - Classified



(AMENDMENT) .

Tourism
generating
one in every

1.6 jobs |



Bahamian economy is on
_ tourism, and its direct and
indirect offshoots,. the
WTTC report found that the
Bahamas was the seventh
most reliant on the travel
and tourism sector’s GDP
impact, standing at 50.8 per
cent. By 2018, though, this
nation was forecast to drop
to ninth in this category.
This nation was also sev-




enth when it came to the
tourism industry’s direct
GDP economic impact, the
WTTC finding that in 2008 it
would account for 16.8 per.
cent of total Bahamian
GDP.

However, by 2018 this
nation would drop out of the
world’s 10 most reliant
nations on the direct GDP
impact from tourism.

Feuding Port owners
ordered into mediations

FROM page one

GBPA ownership structure and persuade them to drop litigation
over his claim to 75 per cent ownership, provided that the estate
agrees to sell its shares to Fleming.

Yesterday’s developments, apart from throwing a temporary -
at least - spanner into the works of Fleming’s plans, may also
relieve the pressure that some felt was starting to build on the Si
George estate and Mr Smith to settle.

NOTICE

NOTICE is hereby given the REVELYN DORVILUS of 3390 |
NW 30th ST. #2, LAUDERDALE LAKES, FL. 33311, UNITED |}
STATES OF AMERICA, 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 7TH. day of MARCH, 2008 to the
Minister responsible for Nationality and Citizenship, P.O.Box

N - 7147, Nassau, Bahamas.

MINISTRY OF LANDS & LOCAL GOVERNMENT
THE PRICE CONTROL ACT, 1971

CHAPTER 339



as PRICE CONTROL (GASOLINE & DIESEL OIL)
* REGULATIONS, 2002

The public is advised that prices as shown in the Schedule for LEAD FREE
GASOLINE and DIESEL OIL sold by TEXACO BAHAMAS LIMITED will become !
effective on Friday, March 7th, 2008,










j




PART C













SCHEDULE



MAXIMUM =f

















| MAXIMUM WHOLESALE SELLING
| |_____ PRICE PER U.S, GALLON RETAIL
. SELLING PRICE |
PLACE | ARTICLE MAXIMUM MAXIMUM | PERUS. | f
SUPPLIERS’ | DISTRIBUTORS'} GALLON sf
PRICE PRICE |
_ - L s Sin] $n
PART A |
NEW INCLUDING SEA FREIGHT | |
PROVIDENCE |
TEXACO | LEAD FREE 44) 4,4} 4.85
BAHAMAS LTD. | |
| DIESEL OIL 437 4:37 4.56 i |
;

GRAND BAHAMA INCLUDING SEA FREIGHT | |
_(NOT FREEPORT) |
| | TEXACO | LEAD FREE 431 49 | 491
| BAHAMASLTD. :
DIESEL OIL | 425 4.41 | 4.60
|
|
5 wa ent “ cence Gl
|PARTD tie, 1
| ABACO, ANDROS | NOT INCLUDING SEA FREIGHT | |
| ELEUTHERA 7
|
| TEXACO LEAD FREE 4.4] 4.64 5.03
| BAHAMAS LTD. | |
DIESEL OL 4,38 | 4.54 | 4B
PARTE | | | !
ALL OTHER | NOT INCLUDING SEA FREIGH? |
FAMILY ISLANDS | |
TEXACO “LEAD FREE | 4.42 6 5.06
BAHAMASLTD. | i
(DIESEL OIL 4.39 54 | 4.74
! L



}

smitenrremmverencencenanctbannrenecnammnnennnennsinntinettit



HARRISON THOMPSON
PERMANENT SECRETARY



PAGE 8B, FRIDAY, MARCH 7, 2008



THURSDAY EVENING MARCH 6, 2008

% ‘| 7:30 | 8:00
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x THE RETURN (2006, Suspense) Sarah Michelle | ¥- *» IDIOCRACY (2006, Comedy) Luke Wilson,
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(:35) & x EMPLOYEE OF THE MONTH (2006, Comedy) Dane Cook, | * % CRANK (2006, Action) Jason Statham, Amy
| SHOW Jessica Simpson, Dax Shepard. iTV. Two store clerks vie fora coveted /Smart. iTV. A poisoned man scurries to find an antidote,
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iMovie



THE TRIBUNE



‘Let Charlie the ney
Bahamian Puppet and lar
his sidekick Derek put

some smiles on your

~ kids’s faces.

Bring your children to the
McHappy Hour at McDonald’s in
Palmdale every Thursday

from 3:30pm to 4:30pm during the
month of March 2008.

Enjoy Great Food, Prizes and Lots of Fun

hh

i'm lovin’ it

gle

‘Gift Certificates
make great gifts!g



Full Text







FOR LENT

HIGH
LOW

eo
ox



WEATHER

va [\

?’m lovin’ it.

SOF
73F

SUNNY AND








ANY

The Tribune

TIME...ANY PLACE, WE’RE #1


















PRICE — 75¢



OUT TT
EL Can Cyt

ea a Sy



Investigation claims alleged
drug dealer paid police to
be freed from custody

@ By PAUL G TURNQUEST
Tribune Staff Reporter

pturnquest@tribunemedia.net

THE Royal Bahamas Police
Force is expected to charge a
number of persons who are
accused of allowing themselves

_ to be bribed by an alleged drug ©

dealer at the Elizabeth Estates
Police Station earlier this week.

According to initial reports,

drug accused Melvin Maycock
“Sr, who police have sought fora

number of years, had been

arrested by police last week in

what was seen as a great coup
‘for the force.

However, after being secured
at the police station, it was not
more than 24 hours later that
Drug Enforcement agents

Teenager
airlifted to
PMH after
being shot

@ By TANEKA
THOMPSON
Tribune Staff
Reporter
tthompson@
tribunemedia.net

AN EIGHTEEN-YEAR-
OLD resident of Freeport
was airlifted to the Princess
Margaret Hospital early
Thursday morning after
being shot in his right fore-

SEE page 11

a
arrived to find that Maycock
was no longer in his cell.

An investigation launched
revealed that officers had been
either paid, or promised pay-
ment in return for Maycock’s
release, The Tribune was
informed.

According to a well-placed
source within the Police Force, a
massive investigation is under-
way into the matter. In fact, the
source said, two persons are
expected to be taken before the
courts “very shortly.”

While the amount of what
monies were promised is still a
matter for debate, sources allege
that the sum is within the range
of reportedly $15,000 for each

SEE page 11

Woman is in
custody in
connection

iwith robberies

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

A WOMAN is in custody
today in connection with a
spate of robberies through-
out the Palmdale area —
thanks to The Tribune and
an alert receptionist.

The suspicions of a recep-
tionist at Rainbow Dental in
Palmdale were raised on
hearing a woman try to
make an appointment under
the name of “Saunders”

SEE page eight



NTN a eed Aka



bene ag tt eed heh cae





















yn,



6
Bethel hits out at
former PM and
his Cabinet over _|
Baha Mar project

â„¢@ By TANEKA THOMPSON. -
Tribune Staff Reporter
tthompson@tribunemedia.net

EDUCATION Minister Carl
Bethel berated former prime min-
ister Perry Christie and his Cabi-
net Thursday for delaying the
Baha Mar project more than a
year and a half after the funda-
mental terms of the Supplemental
Heads of Agreement were sub-
mitted to them.

Speaking from the House of
Assembly yesterday, Minister

SEE page eight
Severe weather
on Grand Bahama

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

FREEPORT - Grand Bahama experienced severe thunder-
storms, heavy rain, and even possible hail activity on Wednesday
evening.

The severe weather conditions caused flooding and brief power
outages in areas throughout the island.

According to weather officials in Freeport, a thunderstorm cell
moved over the island, bringing heavy rainfall and lightning.

Although there were reports of hail in the western area of Grand
Bahama, weather officials could not confirm any hail activity.

Trynad Tynes of the Grand Bahama Weather Department
reported that 2.2 inches of rainfall were recorded by the Freeport
Weather Office at the Grand Bahama International Airport.

SEE page eight

Ground broken on $70m PTC ny





Felipé Major/T ribune staff



MP CYNTHIA PRATT, Minister
of Works Earl Deveaux and
Judy Munnings Deveaux,
president of JEM Real Estate
at the groundbreaking.





@ By CARA
BRENNEN-BETHEL
Tribune Business
Reporter




GROUND was broken:
yesterday on Emerald
Coast, the new $70 million
gated community in South
Westridge fully owned and |
developed for Bahamian
families. .

The property will feature;
126 lots on 37 acres with a
combination of single-fami-. |
lies residences and town-
homes. The development
will feature a playground, a
retreat park, professional-
ly, landscaped common
grounds and is right on























Lake Killarney and the sur-
rounding wetlands.
According to Judy

| Munnings-Deveau», the
president of J.EM. Real
Estate, the developers of |.
the project, the British West
Indian Colonial styled sub-
division is meant to evoke
the feel of old Bahamian
“big yard” communities.

It is meant to attract up
and coming Bahamian fam-
ilies as well as retirees.

“We are very excited
about this project, not only
because of the beauty of the
setting with nearly six acres
of preserved. natural wet-
lands, on the lakefront, but
because every conceivable
square inch from planning
to design to execution is
being designed by Bahami-
ans,” Mrs Munnings-
Deveaux said.

She added that there is a

SEE page eight
























i 1 = Z oe
- Officers in ‘bribes’ allegations

Pleasant Bridgewater

~ ‘was on lookout for vote

planting in election’

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

PLEASANT Bridgewater
told the Election Court yester-
day that she was on the lookout
for vote planting in the Marco
City constituency during the last

~ election.

The statement emerged in
relation to a house at No. 91
Adventurers Way in which
Charles Lowe, a voter being
challenged by Ms Bridgewater,
was registered.

Ms Bridgewater claims the
residence ‘was dilapidated and
not inhabited during the rele-
vant six-month period before
the general election.

_ Fred Smith, lead attorney for
Zhivargo Laing, suggested to
Ms Bridgewater that not only

‘did Mr Lowe live at the loca-
~ tion, but he directed her to the

names of three other people
Rodrigo Scavella, Felicity
Brown and Javaugha Lowe,
who also were listed as having
resided at the location.

' Upon hearing of the other
names, Ms _ Bridgewater
remarked to the court that she
should have challenged the
names Mr Smith mentioned

SEE page 11

Laing storms
out of House
in row with

Frank Smith

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

MINISTER of State for
Finance Zhivargo Laing
stormed out of the House of
Assembly yesterday, challeng-
ing the PLP MP for St Thomas
More, Frank Smith, to follow
him and make his assertions of
corruption in the public domain
so that Mr Laing could take
legal action against him.

Obviously agitated, Mr Laing
jumped out of his seat and chal-
lenged the MP to meet him out-
side of parliament and make his
accusations there.

Mr Smith, at this time, was
still on his feet, making his con-
tribution to the resolution of
the Baha Mar debate. While not
speaking to the Baha Mar deal,

SEE page 11



ees


PAGE 2, FRIDAY, MARCH 7, 2008 |

THE TRIBUNE



Health Minister underscores the



























































Ue Od tts F Dr. Hubert Minnis

DOUBLE

FILET O' FISH

A good bus
plan is based on
sound strateg

Your company pension
plan should be too.

Dr. Hubert Minnis speaks of the

possible impact of global warming

@ By MATT MAURA

THE threat of climate change
as a result of global warming
and the negative impact it can
have on low-lying countries
such as the Bahamas makes it
“very important” for the coun-
try to preserve its hills, wetlands
and ecosystems, Minister of

Health and Social Development -

Dr Hubert Minnis said.
Addressing parliament on a
resolution for approval for the
.treasurer to sell portions of
West Bay Street, the Cable
Beach median; the Sir Cecil
Wallace Whitfield Centre, and

the Cable Beach police and fire _

stations to the Baha Mar Devel-
opment Group, Dr Minnis said
the protection of the wetlands
has to be a priority in all devel-
opments in the Bahamas —
including the one proposed by
Baha Mar~—as they are critical
to the country’s short, medium
and long-term survivability.
“Our wetlands assist with

, groundwater replenishment and

water purification and minimise
the possibility of. flooding and
that is.a gréat concern to com-
munities such as the, con-

| stituency of Killarney,” Dr Min-
- nis told House members:

- “The wetlands are home to

_ all forms of wild birds, various
‘species of wildlife’ and several
_ species of fish which all play a
' critical role in maintaining the

balance of the country’s ecosys-

| tems.

“Once one can appreciate the

value and nature of wetlands,

they will‘understand why wet-
lands and those types of things
that should not be touched,” Dr
|Minnis added. ;

|. The Minister of Health and
Social Development, whose
‘portfolio includes the environ-
iment, said there were some ini-

tial concerns ‘that the wetlands

in the ‘Baha Mar development
area would be: “filled in”.

-Dr Minnis said’ the western
part of New Providence is





“The wetlands are home to all forms

of wild birds, various species of wildlife
and several species of fish which all
play a critical role in maintaining the
balance of the country’s ecosystem.”



already low and currently expe-
riences some degree of flood-
ing, and that such a step would
only make this worse.

He said persons living in
Grand Bahama and Long
Island who have experienced
severe flooding, can speak not
only to the devastation that can
be caused in terms of damage to
housing, agriculture, livestock
and infrastructure, but also to
the “psychological impact” it
can have on human beings.

He said the preservation and
conservation of the wetlands

_ can also have a positive impact
on the economy of the Bahamas
through eco-tourism earnings.

Dr Minnis said he was “very
happy to have been informed”
that Baha Mar will provide $1
million for the development,
preservation and conservation
of 71.4 acres of “sensitive, envi-
ronmentally friendly wetlands”
within the constituency of Kil-
larney, provided the develop-









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Dr. Hubert Minnis

ment proceeds. Another $1 mil-
lion, Dr Minnis said, is sched-
uled to be used to establish a
foundation that will be respon-

_ Sible for ensuring the sustain-

ability and integrity of those
wetlands.

“It is important for us.to
remember that the entire
Bahamas is considered a coastal
zone which means that with all
the climate changes that are
occurring today and the seas ris-
ing and glaciers melting, that
the Bahamas is further prone
to flooding,” Dr Minnis added.



© In brief



Business as
normal again
at bank's
Abaco branch

COMMONWEALTH Bank
announced yesterday afternoon
that its Marsh Harbour, Abaco
branch is operating normally
once again.

The branch was closed yes-
terday morning as an apparent
electrical problem caused
smoke to appear to fill the
building.

“Prompt action by the man-
ager, Ms Jacqueline Estevez,
and her staff prevented any
injuries to staff and customers
and damage to the building,”
said the bank in a statement.

The branch was re-opened
shortly after 1pm, after being
inspected by Fire Branch offi-
cers and local electricians.

Commonwealth Bank oper-
ates branches in New Provi-
dence, Grand Bahama and
Abaco.

your
news

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

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

1 DAY ONLY! ©

Wendy's Team
Recruitment Drive

who?

Crew & Maintenance

when? Wed. March 12, 2008
time? 9a.m, -2 p.m.
where? Wendy's Thompson Blvd.

Competitive Seley.

On the Job Training
Management Opportunities
Great Benefits
Flexible Hours

Interested persons should bring valid
identification and police record,

Do what tastes right,



| www.cfal.com

#









/
THE TRIBUNE

LOCAL NEWS

FRIDAY, MARCH 7, 2008, PAGE 3



Wholesaler: No grounds
for salmonella concern

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

A LOCAL wholesaler yes-
terday said that fears of Salmo-
nella contamination, which
prompted a recall of certain
Aunt Jemima products in the
US this week, are not applicable
to the same products imported
into this country.

The US Food and Drug
Administration issued a recall
on Tuesday for Aunt Jemima
pancake and waffle mixes
because of the potential health
hazard.

However, Marcian Cash,
sales and Marketing manager
with Thompson’s Trading —
the sole distributor for Aunt
Jemima products in the
Bahamas — said that Aunt
Jemima’s parent company, Pep-
si, had assured the wholesaler
that the suspect lots were sepa-
rate from those exported to this

US recall of certain Aunt Jemima
products ‘not applicable to Bahamas’

region. Thompson’s Trading
supplies both the Super Value
and City Market chain of food-
stores.

Mr Cash added that con-_

“sumers can rest assured that
whereas with certain other
brands, which stores in this
country will sometimes import
directly from the US rather than
through a wholesaler, or from
other markets, with Aunt Jemi-
ma products this does not tend
to occur thereby making it yet
more unlikely that any conta-
minated product would have
reached our shelves.
According to the U.S. Cen-
tre for Disease Control, Salmo-
nella is a bacteria that can cause
diarrhoeal illness in humans.

International
oy oye leo merit
S105 a barrel

2 supplies
MOBIC)




lm By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net

INTERNATIONAL oil
rices hit an unprecedented
105 a barrel yesterday — the

day after a surprise drop in US
crude oil supplies and a deci-
sion by OPEC not to boost pro-
duction, the Associated Press
reported.

Oil prices hit a record $105.10
a barrel, and earlier in the week
a previous record set in 1980 —
during the Iran hostage crisis —
of $103.76 a barrel was sur-
passed, international reports
said.

The steady climb of interna-
tional oil prices has many in the
Bahamas wondering what the
effect will be on electricity bills.
Every year since 2006, the
Bahamas Electricity Corpora-
tion’s fuel surcharge has
increased by around 67 per cent.

According to BEC’s Fuel
Surcharge Chart, this month’s
surcharge will increase to $.1649
from $.96735 in March 2007.

In February, BEC’s fuel sur-
charge was $0.164, a significant
increase from the fuel surcharge
in February, 2007 of $0.098638
and the surcharge of $0.097073
in February, 2006.

In January, 2008 BEC’s fuel
surcharge was $0.14945, a 50.7
percent increase over the pre-
vious year’s surcharge of
$0.09914. The surcharge was
$.108948 in January, 2006.

Decosta Bethel of BEC told
The Tribune that while fuel sur-
charge increases are closely
related to rising costs of crude
oil internationally, the effects
of these spikes will not be seen
immediately.

“The fuel surcharge (which
is used to calculate electricity
bills) is tied to the prices that
BEC has to pay for fuel. How-
ever the prices that BEC pays
for fuel will always lag behind
what you see reported in the
news today about rising crude
oil prices”.

“What happens is that the
refinery buys that crude oil at
the reported price, stores it for a
number of weeks before selling
it to (local fuel providers) who
then sell it to motorists and
BEC,” he explained.

Minister of State for Public
Utilities Phenton Neymour

10t to boost - .
production —



The elderly, infants and those
with impaired immune systems
are particularly at risk of a
severe illness if they come in
contact with the germ.

“Most persons infected with
Salmonella develop diarrhoea,
fever, and abdominal cramps 12
to 72 hours after infection.

“The illness usually lasts four
to seven days, and most persons
recover without treatment.
However, in some persons the
diarrhoea may be so severe that
the patient needs to be hospi-
talized.

“In these patients, the Sal-
monella infection may spread
from the intestines to the blood
stream, and then to other body
sites and can cause death unless

@ PHENTON NEYMOUR (above)
recently said that government was
working with a special BEC com-
mittee to explore the possibility of
using alternative energy sources
such as biodiesel.



A GENERAL view of the meeting of oil ministers of the Organization
of the Petroleum Exporting countries at the OPEC's headquarters in
Vienna, Austria, on Wednesday. Chakib Khelil, president of OPEC said
the cartel is shying away from boosting production due to expecta-
tions that global demand for crude will fall during the second quar-
ter. Khelil's comment helped to halt the slide driven by investors still
betting the cartel will boost production to bring prices down.

OPEC PRESIDENT and Algeria's Minister of Energy and Mines, Chak-
ib Khelil, speaks at a news conference following a meeting of the min-
isters of the Organization of Petroleum Exporting Countries at their
headquarters in Vienna, Austria, on Wednesday.

recently said that government
was working with a special BEC
committee to explore the possi-
bility of using alternative ener-
gy sources such as biodiesel to
mitigate rising oil prices world-
wide-wide.

Biodiesel fuel is a domestic,
renewable fuel derived from
natural oils like soybean oil,
according to the website

Ronald Zak/AP Photo

www.biodiesel.org. It is a clean
burning alternative fuel which is
environmentally friendly,
biodegradable and non-toxic.

TROPICAL
a

FOR PEST PROBLEMS
Ruse





the person is treated promptly
with antibiotics,” explains the
website.

The U.S. FDA lists the affect-
ed products as: five pound box-
es of Aunt Jemima Buttermilk
Complete, number 30000 43272;
two pound boxes of Aunt Jemi-
ma buttermilk complete, num-
ber 30000 05300; two pound
boxes of Aunt Jemima Origi-
nal, number 30000 05040 and
two pound boxes of Aunt Jemi-
ma Original Complete, number
30000 05070. The lots are
stamped with expiry dates of
February 8th 2009 or February
16th 2009.

No illnesses have yet been
reported in the U.S. in relation
to the recalled products.






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Bahamas Bus & Truck Ctl Ltd,

Montrose Avenue
Phone:322-1722 ° Fax: 326-7452

“Aurry, H urry, Hurry and
Get Your First Choice

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PAGE 4, FRIDAY, MARCH 7, 2008

EDITORIAL/LETTERS TO THE EDITOR

THE TRIBUNE





The Tribune Limited



NULLIUS ADDICTUS JURARE IN VERBA MAGISTRI





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

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

Publisher/Editor 1919-1972
Contributing Editor 1972-1991

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

Published Daily Monday to Saturday

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

TELEPHONES

Publisher/Editor 1972-

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



THE NEXT big debate is going to be the

redesign and beautification of downtown and ,

the removal of the container port from Bay
Street.

There are two points on which all agree.
The revitalisation of Bay Street is urgent and
the removal of the shipping facilities is a part
of that urgency.

There are those who say that the south-
west is a superior location to Arawak Cay
for the new port, and there are others who are
pulling for an Arawak Cay location.

Because of the urgency of the exercise
and the many other pluses going for it,
Arawak seems to be the most sensible loca-
tion, if only in the short term.

If the rejuvenation of Bay Street is to be
completed before the end of the year, Clifton

_ in the southwest seems to be out of the ques-
tion because it involves an even larger and
more complex operation than Arawak and
presumably cannot meet the completion
deadline.

Another advantage for Arawak is that

government would have to spend $400 million .

to buy the land of others in the southwest to
get the needed acreage for the new Clifton
port.

The plus for Arawak is that government
already owns the land and $400 million can be
chalked up as savings to the taxpayer. |”

Environmentalists will have*to study ‘the
reef formations in the Clifton area, especial-
ly after last week’s grounding off Goulding
Cay of the large oil tanker, Ficus, with 120,000
barrels of oil on board.

Although damage is yet to be assessed,
environmentalists are concerned about the
possible damage to endangered species of
coral that grow in the area. Creating a port to
service even larger container ships invites
increased marine traffic to the area, and an
even greater threat to marine life. Is this
wise?

There are also many commercial consid-
erations, one of them being the rising cost
of transporting goods that extra distance.
Arawak Cay is a shorter route into town,
and less time spent on the road for business
persons collecting their goods.

According to government, for the present
no container will be allowed to be moved
during the day. “That’s very positive,” said

_Charles Klonaris, chairman of Nassau
Tourism and Development Board, “and fur-

Pe EST ror TH WEE 7
“Hope Like An Anchor
Holds To The Unseen.”

SUNDAY SERVICES
7:00am, 9:00am, 14:15am

Freeport fax: (242) 352-9348

Container port pros and cons



ther to that, no containers will be visible on
their properties.”

He said that they are encouraged that gov-
ernment “is moving forward expeditiously,
and feel that they’ve really speeded up the
process of revitalising downtown.

“There is the drive to move the containers
out of Bay Street in as short a time as possi-
ble,” he said. -

“It is practical, and the timeframe for mov-
ing these containers is right now.”

Once they are gone, he believes, Bahami-
an businessmen will turn their attention to
upgrading their own establishments and cre-
ating a new Bay Street.

We understand that there are three inter-
ested groups that have proposals to put
before government. — the Hutchison Wham-
poa group out of Freeport, Mediterranean
Shipping Company, and Tropical Shipping,
representing the Nassau-based shippers.

Shipping has always been Bahamian-
owned, spearheaded by old Bahamian fami-
lies.

We hope that it will continue to be and
that the Bahamian group will be given a
favourable edge.

We also understand that whichever group
wins the contract the building of the new

_..port will cost the Bahamas government noth- ,
ing

soverucent provide 50 acres of land on Glad-
stone Road to hold the containers. In view of
the large concessions given to foreigners, this
seems a small request from Bahamian busi-
nessmen.

Although many believe that the Clifton
site is preferable — probably on the premise
that “out of sight is out of mind” — it is felt
that the Arawak site is feasible for at least
another 10 years.

According to Dr Earl Deveaux govern-
ment has been told that the shipping compa-
nies could be open within six months at the
new location. However total completion time
would be 18 months.

With that out of the way the next order of
business will be green spaces for Bay Street,
which will mean pedestrian areas — cobbled
stoned, said the Prime Minister — because
greenery and cars’ exhaust fumes don’t mix.

This should give Bahamians something to
look forward to in addition to giving an added
boost to our lagging tourist industry.




»

PASTOR EARLE FRANCIS J.P.,D.D.

Marriage Officer, Counsellor. Intercessor
2 +5798

hone: 323-645,

Fax: 326~4488/394-4819

5 CUBE $353.00

7 CUBE $445.00

9 CUBE $522.00
15 CUBE $650.00

25 CUBE $995.00

ESTIMATE PREPARED FOR FINANCING AT THE BANK OF YOUR CHOICE
When it comes to quality We Don't Compare!

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aia Min 322-2536 ¢ 325-2040 + 323-7758 4



PNET T= Oro]
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Phe: Bahamian group’s only request is that





Why police
should be
returned to
the schools

EDITOR, The Tribune.

I HAVE never been a sup-
porter of an armed police
presence in our local schools,
especially here in New Provi-
dence. My opinion, for a long

- time, was that it was inappro-

priate to appear to be ‘mili-
tarising’ our educational cam-
puses.

Like many Bahamians over
forty years of age, I was of the
view that the Christian based
values which are taught to us
by our parents; teachers and
older relatives, were sufficient
to instil in our school aged
children the necessity of good
behaviour; social skills and the
creation and maintenance of:a
safe learning environment.

In recent times, since the
beginning of this blessed year,
we have been shocked by see-
ing and hearing about the
apparent murders of at least
three of our school aged chil-
dren. One stabbing occurred
on or very near to a school
campus. Another occurred in
the parking lot, allegedly, of
a food store. It is also alleged
that one of those students was
shot and killed while at a bus
stop in the heart of the down
town area.

Regardless, however, to
how or where a child (or an
innocent adult) is mowed
down, in the tender years of
his/her life, we, as a nation,
must stop; take stock and turn
back to our ancient landmarks
and foundational stones.
Crime is not and should not
become a ‘political football’
or fodder for bogus commen-
tary by our political and reli-
gious leaders.

With some three to 4,000
known churches in The
Bahamas, it is totally incon-
ceivable that we would have
recorded some 80 homicides
in 2007 and have now reached
number 13 in less than the first
three months of this year.
Some might say that I am
seeking to ‘bash’ the collec-
tive church but they would be
wrong in the extreme.

The beef that I have with
the collective church is that
when one needs to see, hear
and feel it, it is only after an

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incident that it rears its head.
At best, The Bahamas Christ-

ian Council and the much cel-.

ebrated “Commission on
Crime”, headed by Bishop
John Humes and Bishop
Simeon Hall, respectively, are
in my opinion useless and a

- waste of scarce resources.

Every so often, with all due
respect, we see and hear about
a “press conference” or a
“press release” by these men
of the cloth on selective issues.
The church is supposed to be
proactive but it has now
emerged as an ad hoc “hospi-
tal” for the spiritual dead and
the dying miscreant. Yes, they
will talk about “gambling” but
a large section of its member-
ship conduct raffles and bin-
gos each year. Why is it good
for a segment of the church
to conduct games of chance
but the minute someone
spends a dollar on a three or
four ball that everyone who is
in a robe or a long dress gets

. all bent out of shape?

Because of these double
and triple standards, there are
no real and clear solutions to
the vexing problem of vio-
lence on our school campuses
and amongst our student aged
population. The presence of
armed police officers on our
campus, rightly or wrongly,
would send a strong message
to our “bad” children.

The FNM administration
and its Minister of Education
must revisit this possibility as a
part of a wider attempt to
think outside of the prover-
bial box. They cannot just
repeat, ad nauseum, the
mantra that there is no need
for police officers in the
schools when they do not have
a single clue as to how to curb
and reduce violence on our
school properties and the
nearby environment.

The Hon Carl Wilshire
Bethell (FNM-Sea Breeze) is
an ambitious man and one
whom I believe aspires to the

high office of Prime Minister
itself. He, just like the Hon
Tommy O A Turnquest
(FNM-Mt Moriah), our erst-
while National Security Min-
ister, cum Immigration, has a
date with destiny.

Bethel must, in short order,
present a viable and well .
thought out plan of action to
reduce and eliminate school
violence. If he fails to do so
before the middle of this year,
he may as well kiss his pursuit
of higher office good-bye. If
one more student were to die,
while at or near to school,
Bethel will not be treated -
kindly by the Bahamian elec-
torate. He must be ever mind-
ful that he secured his return
to Parliament just by the skin
of his teeth.

Turnquest cannot and will
not succeed as Minister of
National Security. He simply
lacks the persona of someone
who is to be taken seriously
as chief law enforcement offi-
cer of the nation. Perhaps, he
is just too youthful looking
and, perhaps, unfairly, too
many regard him as a privi-
leged young man.

It is his historical opportu-
nity, if he has the fire in his
belly, to secure his place on
the greasy pole by. getting a
firm grip ‘(just ‘like the lion’s

paw) on crime and the pervd-
Sive fear of crime. If he suc-

ceeds, his’ chances of taking
over from the current Prime
Minister, over the course of
the final years of this final
term, would be better than
those of any challenger.

If he fails, however, or if the
homicide rate for 2008 is
greater than 2007, he too may
as well kiss his ambitions
good-bye. I urge that senior
armed police officers be ©
returned to the school cam-
puses immediately, especially
during the morning hours;
lunch time and immediately
before schools are dismissed
for the day. To God then, The
Great I Am That I Am, in all
things, be the glory.

ORTLAND H BODIE JR
Nassau,
March 1, 2008.

Baha Mar development:

Unhappy with answers

to my three questions

EDITOR, The Tribune.

THANKS to Baha Mar for
answering our requests and
hosting the Town Hall Meet-
ing.

The development as a
whole is much better than I
anticipated, especially if they
fulfill their promises of the
wetlands park, and include the
bike track I requested!

However, I was not particu-
larly happy with the answers
to my questions.

I asked three:

1) Why not build a bridge
or tunnel to connect Skyline
Drive, so that the thousands
who drive here would not be
inconvenienced by the few
who wish to play golf?

A) Too expensive!

2) Will the beach be
restored and the grotto
removed?

A) Yes (with applause from
the audience).

3) What will you do with all
the garbage generated by the

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3,600 rooms’ occupants, din-
ers, and the thousands of
staff?

A) No plan! Adding to our
existing landfill which is
already a problem!

After the meeting I spoke
to Mr John Pagona, who stat-
ed that incineration was an
option.

I wonder though if he is
aware of the three-year EPA
plan The Bahamas has com-
mitted to?

Incineration is not recom-
mended by any environmen-
tally friendly research groups
that I know of.

Two of our biggest assets
are the clear skies, and clean
ocean, something that cannot
co-exist with incineration.

Where would this incinera-
tion occur?

On Carmichael Road with
the Sewerage treatment plant?

Carmichael Road residents
should have been aware of the
Town Hall Meeting too, as the
development plan to put the
sewerage treatment site there!

I wish I had also asked
where the staff will be park-
ing?

SARA APPLETON
Nassau,
February, 2008.
THE TRIBUNE

FRIDAY, MARCH 7, e008: PAGE 5



Oln brief

seceeWebiecnccereccecccceseseeccserceeceseesescenressavoees

Hugo Chavez
pledges energy |
for Argentina;
Venezuela to
receive food
from Argentina |

Go CARACAS, Venezuela

PRESIDENT Hugo
Chavez pledged Thursday
to supply Argentina with
enough energy to stave
off recent Shortages, while
Argentina’ s leader vowed
to help Venezuela meet
its food needs, according
to Associated Press.

Argentine President
Cristina Fernandez's gov-
ernment offered to help
supply Venezuela with
milk, beef and other sta-
ples that have been spo-
radically hard to find in
markets. Availability
could be strained further
if Chavez follows through
on his threat to slash com-
mercial ties with Colom-
bia amid a diplomatic cri-
sis.

Venezuela also invited
Argentine energy compa- -
ny Energia Argentina SA,
or Enarsa, to take part in
a heavy crude oil project
in the lucrative Orinoco
River basin.

‘All the oil that
Argentina may need for
all this century, Cristina,
is here in Venezuela,''
Chavez said. The same is
true for natural gas, he
added. ;

~The presidents spoke
after signing a series of
accords, including an
agreement to set up a
joint venture between
Enarsa and state-run oil
company Petroleos de
Venezuela SA.

An unusually harsh
winter last year led to
energy shortages in
Argentina that briefly .

-idled some factories and ..,» :
natural-gas- no nerer te Lietes

; ies ets.;

ah. ddRGE



SENATOR Frederick
McAlpine accused the former
government of “gross negligence”
during the Senate debate on two
resolutions which convey prop-
erty to the Ministry of Housing.

He said the PLP’s lack of trans-
parency and inability to manage
funds leaves a bitter taste in the
mouths of the Bahamian people
and all those who expect and
accept good governance.

“This is just housing. You
wouldn’t like to know what’s
been going on in some other
areas. But mama told me time
longer than rope, and in time the
Bahamian people will see and

LOCAL NEWS

Senator accuses former
govt of ‘gross negligence’

hear some startling revelations,”
Rev McAlpine said.

One resolution conveys an
11.80 acre territory in the Propel
Water Work Tracts. The other
resolution conveys a 23.91 acres
of land in the Pride III subdivision
to the minister responsible for
housing.

Rev McAlpine said that hous-
ing for those who are of low and
medium financial status is a major
priority for the new FNM gov-
ernment.

“Our government is aware that
the citizenry’s greatest and sin-
gular most important investment
is that of possessing their own

Five businesses

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

destroyed by fire

FREEPORT - Five businesses were completely destroyed by fire
shortly after midnight when flames swept through the Auto Trader

Building on Oak Street.

Although investigations are still continuing, it is believed that light-
ning from a severe thunderstorm on Wednesday evening may have

been the cause of the fire.

The building, which is situated in the Industrial Zone area of
Freeport, is estimated to have sustained several hundred thousand
dollars worth of damages. All the merchandise in the businesses was

lost.

Superintendent of Police Basil Rahming said the fire started inside
the building, which is located behind Stac House. A passing motorist
alerted fire officials who arrived at the scene around 12.45am.

Firemen were still at the scene during the day extinguishing the
smoldering fire and tending to hot spots.

In addition to the Auto Traders repair shop, Mr Rahming said, the
other businesses in the building sell electrical supplies, offer welding and
iron work, and rent out sound equipment.

“All of the establishments lost their entire inventory to the raging

inferno,” he said.

The warehouse, which is owned by Lester Smith, was insured — but
its contents were not.

Mr Rahming said fire officials have so far been unable to determine
the cause of the fire and are still investigating.

However, it is suspected that lightning may have been the cause.

“While the cause of the fire cannot be determined until sometime
after the.blaze has, been completely extinguished, police suspect that a
severe thunderstorm with very heavy lightning activity that lingered
over the Freeport area for most of the night, may have contributed to

_the destructive blaze, * he said.

Nurses Association members pay
courtesy call on Governor General

home. Our predecessors in
office’s desire to build homes was,
nor is, greater than our desire to
see Bahamians in their own hous-
es,” he said.

The senator said the PLP wants
the country to believe that they
did such a great job in terms of
housing — but fail to mention at
what expense.

“T, similar to many other
Bahamians, feel that the former
government administration has
been playing with the intelligence
of the Bahamian people; or they
simply felt that they were clever
than everybody else and the rest
of us are fools.”

He said that during the 2002
campaign, the PLP promised that
they would end the exemption on
the payment of stamp tax for
houses up too $250,000 for first
time owners.

“That was their promise, not
ours,” Rev McAlpine said...
He pointed out that the PLP
won the government and passed a
resolution to implement the tax
exemption; but the resolution
passed in 2002 ended December
31 2007.

“Now the deception to the peo-
ple by our forerunners is to make
believe that we took away this
exemption that they approved
only for a limited time. They pro-
claimed they did it for the poor,
and that they’re the only party
for the poor — so they believe.
Ironically, they thought the poor

Senator Frederick McAlpine



would only be a round for five
years. Jesus taught me better than
that,” the senator said.

Rev McAlpine said that in his
estimation, they would have made
this resolution for five years
because they intended to use it
as a political “manipulation or
football; or perhaps they them-
selves knew the importance of

‘this tax to the treasury of the

Bahamas and had intended to
remove it after a period. What-
ever their motives were it’s now

open for interpretation”.

“Either way, they fumbled the
ball on this matter.

“We have recovered and we
intend to make a touchdown in
the Ministry of Housing,” Rev
McAlpine said.

He pointed out that $172,800
has already been spent on hous-
ing in three scattered sites in New
Providence, which cannot be
recovered because the minister
of housing does not have the title
for these lands.

“We're not trying to cast blame
on our predecessors as much as
we’re trying to inform the
Bahamian public as to why we
are where we are in the Housing
Ministry,” Rev McAlpine said.

The senator said that the gov-
ernment has many good plans
that it would like to execute in
the area of housing for the
Bahamian people, including:
reducing the downpayment
required for government guaran-
teed home mortgages to five per
cent of the total cost of utility
connection and other fees and
charges.

“Our government is deter-
mined to see the advancement of
long life dreams fulfilled in the
area of housing for all Bahamians.
After all, the present prime min-
ister was: the first minister of
housing; as he was successful and
committed then he is committed
now to leading this charge
through his minister,” he said.

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oe

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ooe

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Staging Area:
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PAGE 6, FRIDAY, MARCH 7, 2008

THE TRIBUNE

is ees ae
Kerzner ignites ‘flames of hope’ to aid cancer survivors

Ride for Hope charitable bike-a-thon
to be held in Eleuthera on April 5

Kerzner International is joining corporate part-
ners in “igniting the flames of hope” to assist
cancer survivors in the Bahamas through the
highly anticipated ‘Ride for Hope’ charitable
bike-a-thon on April 5.

This year, Kerzner International will sponsor
the aprés ride reception in addition to sponsoring
a team of up to 30 riders for the annual fund
raising event.

Proceeds from the bike-a-thon, to be held in
Eleuthera, will be donated to cancer care cen-
tres and cancer treatment programmes in the
Bahamas.

Kerzner International’s senior vice president of
public affairs Ed Fields said, “We are pleased to
be able to contribute to this event, while at the
same time promote fitness and community spirit.
We also find it appealing to be a part of a com-



munity wide partnership that seeks to lessen the
burdens that others must endure.”

Fields also announced that an anonymous
donor has pledged $100 per rider for all of Kerzn-
er International’s riders who participate in the
event.

Referred to by organisers as “a truly inspiring
weekend,” the annual Ride for Hope event which
is open to all, celebrates the lives of cancer sur-
vivors and those that have lost their battles to
the disease, in addition to raising awareness about
cancer in the community.

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The bike-a-thon will start at north Eleuthera
and the course runs south until Palmetto Point,
where the riders then turn north and ride back to
the starting point, although riders have a choice of
what distance they wish to ride.

Last year’s Ride for Hope event raised more
than $200,000 for the Cancer Society of the
Bahamas, and involved a hundred cyclists who
collectively trekked 4,000 miles along the route.

Over the past several years, Kerzner Interna-

Last year, the company partnered with Sun
Tee Embroidme to sponsor the ‘Cruise for the
Cure — Walk In Paradise’ in commemoration of
Breast Cancer Awareness Month.

As a part of the event, Kerzner hosted the Nas-
sau-based breast cancer support group ‘Sister-
Sister’ along with the Susan G Komen for the
Cure affiliate group based in Miami and Fort
Lauderdale, Florida to a special walk along Par-
adise Island.

Aside from Kerzner International, some of this
year’s main sponsors of the ‘Ride for Hope’ annu-
al fund-raising event include Odyssey Aviation,
Bahamas Ferries, the Royal Bank of Canada,
New World Aviation, Pictet Bank and Trust, the
Lyford Cay Foundation, VMG Racing,
Holowesko Realty, Holowesko and Company,
RBC Global Private Banking, Thyme Online an

tional has made significant contributions to assist

cancer survivors.

Goodfellow Farms.

Children benefit from generosity of
Freeport family, local businesses





GOODWILL GESTURE: Pictured at the ‘oneton are (eft to right) Sarah Kirkby, GBCH board warner. - Hubert Wild-
side, Mydella Wildgoose, Keva Higgs of Park-n-Shop; Patrice Mack and Caron Smith, Grand Bahama Children’s
Home administrators; and Kelly’s John Doherty, divisional manager.

@ BY DENISE MAYCOCK
Tribune Freeport Reporter
dmaycock@tribunemedia.net

FREEPORT -.The kind-
hearted actions of a Freeport
family and two local businesses
have resulted in a generous
donation to the children at the
Grand Bahama Children’s
Home.

Sarah Kirkby, GBCH board
member, and administrators
Patrice Mack and Caron Smith
accepted a brand new colour
TV and Play Station II video
game console on behalf of the
children at the Home.

Mrs Kirkby said the donation
initially came about after she
was approached by a parent at
her son’s school who wanted to
assist the home.

“A parent at my son’s school
gave me $300 to buy the chil-
dren at the home something
fun,” she explained.

“Around that time I was
working with Mr Russell for
Park-n-Shop and he had
brought some Play Stations and
Nintendo Wiis in for his Christ-
mas Promotions, and I said that
our kids would love one of
those and he just gave it to me.”

“This is a
super reward
for our
children, who
just want to
have normal
things like
most kids do.”



Patrice Mack

Mrs Kirkby said Kelly’s then
stepped in to assist by donating
a new 27-inch Toshiba flat
screen TV.

“We approached Kelly’s, who
always help us at the home, and
I told them I have $300 and if
they can you help me get a TV,
and luckily they said yes, and
now we have a whole game set-
up,” she said.

Home administrator Patrice
Mack said she is grateful for the
donation and said that it will be
used as an incentive and reward

for the children. “They will be
rewarded with the use of the
PS2 for keeping up their.good.
grades or for special occasions.
This is a super reward for our,
children, who just want to have”
normal things like most kids do.

“We want to thank Park-n-
Shop, Kelly’s and the anony-
mous family who made this all
happen,” she said.

Mrs Kirkby said the board
and the administrators have

_ been very pleased with. all the

help and support they have
been receiving lately.

“Most people think that we
have everyday items, but with a
lot of kids come a lot of wear
and tear, and donations like
these make a real difference,”
she said.

She said game donations can
also be dropped off at Barefoot
Marketing by contacting 352-
4578.

The home currently has 24
children. It is supported by a
government grant and dona-
tions from the public.

Persons interested in assist-
ing the home can contact the
administrator at 352-7852 or
352-6076.

registration card, and Police Character

certificate to our:

Human Resources & Operations Manager

P O. Box $S-6326

Village Road . Nassau . Bahamas.
Tel: 393-5310 Fax: 393-8094

Deadline for Application is March 14th, 2008.

Village Road 394-2378


THE TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 7



ea Oe ae ee
‘It’s time to get serious

about training seafarers’

Local maritime
school offers
associate degree
programmes

A LOCAL company says that
in light of the number of severe
and fatal boating accidents that
have taken place in recent years, it
is time the Bahamas gets serious
about training seafarers.

Bahamas Marine Technologi-
cal Training and Allied Services
(BMTTAS), the first maritime
school in the Bahamas, is offer-
ing associate degree programmes
in marine transportation (AMT)
and marine engineering (AME)
in addition to the boatmasters
course (Class A — up to 500 grt,
Class B — up to 100 grt), and basic
marine safety and hospitality
courses.

“BMTTAS envisions itself to

be the driving force in successful-
ly educating marine engineers,
deck officers and related industry
professionals with internationally
recognised training and experi-
ence that enhance the safety of
life and property at sea while pre-
serving the environment,” said the
school in a statement.

The school’s mission is to pro-
vide cost-effective technical and
academic courses to empower
Bahamians to become a part of
the booming shipping industry and
give them the chance of an excit-
ing and adventurous career at sea.

“Our training and school cur-
riculum is based on the courses
and requirements of international
agreements about professional
training of maritime staff.

“The equipment, manuals and
materials used, are in accordance
with national and international
requirements.

“Our goals and business policy
are subject to the idea of training
highly qualified ship personnel, to
raise the seaman’s status of the
country and.to provide skilled and.





Knowles.

CHIEF OFFICER Allan Boctot with stu









Caan



dents Johniess Metellus and Kendall _



CAPTAIN Anthony Allens, Port Authority Controller, receiving a course syl-
labus from instructor Cora Batallones.

tic and international market,” the
school said.
The school is working with the
‘Bahamas Port Authority, the Min-
istry of Education, the Ministry of
Tourism and the Maritime Affairs
Division and also co-ordinates
with the Panama Maritime
Authority for the school’s Inter-



FRONT VIEW of the school, locat-
ed in the Pinedale area.



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PAGE 8, FRIDAY, MARCH 7, 2008

THE TRIBUNE



Woman is in custody in —

Grand Bahama weather
FROM page one

He explained that a large thunderstorm cell moved from the
Gulf Stream and straight across to the island, bringing thunderstorm
activity, heavy showers and lightning.

“We had a frontal boundary that was supposed to move over the
island during the night period, but it stalled out and all the activi-
ty we experienced was due to this stalled frontal boundary that we
are still feeling the effects of today (Thursday),” he said.

Mr Tynes said that they could not confirm any hail activity
because they did not observe it in their vicinity, and no reports were
made to the Freeport Weather Office.

However, Freeport Meteorologist Donna Duncombe said that
with thunderstorms there is a possibility of hail depending on the
strength of the thunderstorms.

Bemeritte’s Funeral Hom

BAHAMAS’ OLDEST MORTUARY
MARKET STREET ¢ P.O. BOX GT-2097 ¢ TEL: 323-5782

FUNERAL SERVICE FOR —

Samuel Theo
Bernard
Deveaux, 70











a resident of #20 Kenilworth
Avenue, will be held at Our
Lady’s of the Holy Souls
Catholic Church, Deveaux





Street, on Saturday at 11:45 am. Officiating will be
Fr. Michael Kelly, ss.cc. and, Msgr. . Alfred Culmer,
assisted by Rev. Deacon Peter Rahming, Rev. Deacon
Maxwell Johnson and Rev. Deacon Samuel Mitchell.
Interment follows in Catholic Cemetery, Tyler Street.






Precious memory will forever linger in the hearts of his
loving wife of fifty-two years,Irma; 8 children, ‘Pearlie
Deveaux-Stubbs, Antonio, Brenda and Ricardo Deveaux,
Linda Francis, Samuel “ Junior’ Deveaux, Dominic and
Jermaine Deveaux; one sister, Inez Deveaux-Brown; five
brothers, Edward “Sharkie’, Ivan and Johnathan Deveaux
of Freeport, Grand Bahama; Levi Deveaux of New York and
Emmerson Thurston; 12 granchildren, Carlesia Burrows,
Genell Sands, Georgia Robinson, Tavares and Tavia Nottage,
Krysta Moxey, Brandon Deveaux and Tiana Williams, Dr.
Don Diego Deveaux, Antonia Deveaux, Liam, and Danica
Deveaux; two aunts, Lucy Knowles and Marguerite Horton;
four brothers-in-law, John, Lambert and Lance Majror,













connection with robberies |

FROM page one

before requesting to use the
office bathroom. This is what
the woman did, as reported in
The Tribune on Wednesday,
before robbing several busi-
nesses.

When the woman emerged
from the bathroom, the recep-
tionist quietly suggested to her
colleague that she check to see
if her wallet — which was
located in a room near the
bathroom — was still in her
purse.

Finding it was missing, the
receptionist and her boss
stalled the woman using her
own distraction technique —
casual chat — while the police
were called to the office.

“T hadn’t read the story
myself, but one of the other
dental offices called us up and
had told us about the informa-
tion that was in The Tribune,”
said the receptionist. “When
she said the name ‘Saunders’

‘it rang a bell.”

On Wednesday, it was
reported that a well-dressed,
“solid” woman in her early to
mid-thirties was brazenly rob-
bing employees in the Palm-
dale area of their personal
belongings, using trickery and

Rock of Ages ,



deception.

Nassau businesses were
warned by an employee of one
of the affected firms to be on
the alert after the fraudster,
giving the false name of “Saun-
ders”, tried to make an
appointment at several offices
— the Chiro Therapy Centre,
the Bahamas Foot Centre and
Green Leaf Designs. Employ-
ees at all three places recalled
her distracting staff with
detailed conversation about
anything from the items the
store stocked to her or her
mother’s alleged ailments for
periods of between 10 and 20
minutes before finally leaving
with one, and on another occa-
sion, two surreptitiously stolen
wallets at a time. During two
hits, she claimed to be a police
officer.

It emerged yesterday that
the same woman had in fact
targeted an even greater num-
ber of businesses last week
than had originally come to the
public’s attention — and yet
more since the story appeared
in The Tribune this week
detailing her escapades.

The same day as the story
was published, she booked an
appointment under the same

‘false name at Dr Sidney Sweet-

ing’s dental office, leaving an

‘uneral Chapel

Wulff Road & Pinedale
Tel: 323-3800 or 322-1431 * Fax: 328-8852

FUNERAL SERVICES FOR

Bernadette
Atilus, 51

a resident of Sandilands Village Rd.,
and formerly of Jean Rabel, Haiti, will
be held at Metropolitan Church of The
Nazerene, East Street Saturday March
8th 2008 at 1:00 p.m. Officiating will be


a by other ministers of the gospel.

=1 Intrement follows in Woodlawn Gardes



Soldier Road.




et aS




























Daniel Pinder, Vincent Brown; nine sisters-in-law, Beverley,

: Florence, Biana and: Cathy: Deveaux, AngelaThurston;*-}

Lillian Miller, Mary Lyn and Viola Major and Gwendolyn

‘ Turnquest;-two:-sons-in-law, Stephen-Francig; and-Geogory

Stubbs; two daughters-in-law, Stephanie Deveaux. and
Helena Deveaux; four great grand-children, Teni and Carlito
Burrows and Dylan and Leah. Sands; two grand son-in-law,
Tenir Burrows and Carlos Sands; numerous nephews,
nieces and other relatives and friends including, Ricardo
Williams, Ricardo and Dion Deveaux, Giovanni Deveaux,
Tony, James, Jackson, Christopher, William, Gayleen and
Linda Deveaux, Garnell Pouchie, Marsha and Kim Johnson,
Emmerson, Damien and Damon Thurston, Maxie Kemp-
Forbes and Wencil Morley, Meredith Miller-Stubbs and Kevin

Miller, McTair, McDonald and McLyncia Major, Stephen and —

Tex Turnquest, Cheryl Deal and Dot Isaac, Dasiano and
Dwayne Smith, Demetrica Smith-Amalee, Camalina Pinder-
Bowleg, Portia Major, Advardo Major, Cyprianna Williams and
Wanda Major-Mcintosh, Harry Horton Jr., Dorothy Roberts
and: family, Roscoe Francis and family, Minister Dorothy
Stubbs and family, Donna Williams and family, Eugene K.
Robinson, Margaret ‘Muggs’ and Gregory Robinson and
family, George ‘Sweet Boy’ Robinson, George Robinson Sr.
and family, Claudette Bannister, Minerva Finley and family,
Rudolph Adderley, Corese Culmer, Lawrence Major, Lincoln
and Wendal Major, Olga Turnquest, Granville Antonio and
family, Leroy Brooks and family, Dan Moxey and family,




Left to cherish her memory are her mother, Izelia Atilus;

grandmother, Orlincia Olince; children, Bency apd; Markenson,,
‘““Eouis, ‘Madeline Theodoris,' Jacqueline Smith?“adopted

daughter, Monique Alcy; Claudette Peirre, and Nerline Joseph;
sons-in-law, Shawn Smith, Guiller Therodis, and Garath Rayan;

Alicia, Florida, and St. Hilia Atilus; brothers, St: Hilien, St Hilaire;
Daniel, Francoeur and Elisner Atilus; sister-in-law, Gloria,
Charitable, Maxine, Kerline and Phirana Atilus; brothers-in-law,
Samuel Louis; and St. Julien Senatus; grand children, Brittney,
Jahmal and vagal Smith, Jerry, Bensly, aay ‘and Marcus
Louis; uncles, Moravien Dossouis, St. Haman, Mericidien and
Cegilus Atilus; aunts, Elaine and Elizabeth Dossous, Angela
Senatis, Mericile Toma and Vilcius Choute; nieces, Rosenie,
Anelisa, Ysemanette, Joslia, Aciline, Dieudila, Gladys, Ysana,
Wilmide, Chelone, Sandia, Miley, Dianna Suze, Tatianna,
Kethe, and Daline; nephews, Wander, Diory, Watson, Lamenet,
Eleian, Waly, John Witlen Winsly, Bedly, John Witloue, Wolsen
and Ruben; 15 grandneices and 2 grand nephews; cousins,
Merifranc Snatus and family, Chavannes Atilus and family, Waner
Atilus and family, Moncius Atilus and family, Orelien Atilus and
family, Phylis Atilus and family Wilkenson Mattheus and family,
Elisnot Sanatus and family, Eldura Sentus and family, Louvinne
Jodseph, Hercul Rosenne, Christiane Atilus, Mertilia Maurepass,
Juliette Atilus and Alisna Choute; godchildren, Elphie Faugue,
Scuntia Senatus, Jonis Petit Homme and Louisina Noel; other
relatives and friends including, Anthony Estime, Rev. Dr. Jean
Paul Charles and famiy, Celimise Octelus, Micius Estime, Deacon
Yves Cherenfent and family, Deacon Rigueur, Dieujuste and
family, Deacon St. Hilaire Sana and family, Deaconess Philomene
Guilee and family, Rev. Bazile and family, and Deacon Jean Paul
Derlius and famly, members of Berean Evangelical Baptist
Church, Aleria Valmera, Dinags Lutcuma, Benot Jr. Baptiste,
Frisnel Charles, Paul Joseph, Julrista Joseph, Molicer, Kalatine,
Louisina, Andrine, Elphie, Janine, Selina Cartwright, Jackie,
Kathlean, Stacy, Melissa, Justina, Ida, Camilise, Kelly, Northe,
Patrice Rahming, Patrice Major, Rosie Datus, Nathan and Corey,

. the Housekeeping staff of the Cove and the Sandals family.

euce ey pay Wiel eeties ects atRock OfAgesFuneralChapel., .
Wulff Rd. and Pinedale on Friday from 10:00 a.m. to 6:00 p.m.
and at the church on Saturday from 12:00 noon until funeral time.



> daughters-inslaw, Miriam Louis and. Regine:Louis: sisters; \} :



emptied petty cash tin in the
bathroom just as she had done
with the office manager’s purse
at the Bahamas Foot Centre.

According to an employee
at Rainbow Dental, the culprit
remained “very calm” when as
many as six police officers
entered the office yesterday
morning. She eventually spoke
up only to deny her guilt when
the assistant whose wallet she
had emptied said she would
like to press charges.

Ground broken
on $70m gated
community

FROM page one

demand for affordable; high
quality single family and vil-
la residences in a secure com-
munity.

“T believe we are building
more than bricks and mortar
here, we are creating a safe
| haven where families can
thrive,” she said.

Mrs Munnings-Deveaux is
the daughter of the late Per-
cy Munnings, and has spent
her career in construction
and has contributed to or
conceived from start to
move-in the developments of
East Park Estates, Southern
Heights, Twin Lakes and
Sunset Park.

Works Minister Dr Earl
Deveaux congratulated
J.EM. for its work, particu-
larly as a Bahamian company
seeking to provide means of
economic empowerment for
Bahamians through home
ownership.

He encouraged Bahamian
financial institutions to find
creative ways to finance
mortgages for qualified
Bahamians and for contrac-
tors to also find more afford-
able ways of construction, to
lower the cost of homes.

As for the government’s
role, Mr Deveaux, said, his



naviministry.. is working ens

streamlining the process of
approvals and implementa-
-tions; so that. they: can go,as:
quickly as possible.

He said that the project is
ideally located, close to air-
port, Baha Mar, Albany and
the Cable Beach/Lyford Cay

| economic zone where there

are many opportunities for
employment and entrepre-
neurship.

Noting the position of the
sub-division near Lake Kil-
larney, Dr Deveaux, pointed
out that as beach front access
disappears, persons will seek
out lake front access, for the
tranquility it provides.

The subdivision was ini-
tially unveiled with a soft
opening followed by an open
house of its first model with
30 lots selling the first month.
Since then, there have been
several additional sales and
home prices, that started at
$245,000 have climbed to
$330,000 for a three bed-
room, 2 bath residence with
nearly 1,600 square feet, cen-
tral bank and nine ft ceilings.
Lot prices start at $90,000.





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Bethel hits out at

former PM and
his Cabinet over
Baha Mar project

FROM page one

Bethel argued the inability of the
PLP to close the deal before leay-
ing office in May 2007 almost cost
the country the $2.6 billion rede-
velopment of the Cable Beac
strip.
During the exchange, Mr
Christie accused the Member *

i for Seabreeze of attempting to

mislead the House and misrep+
resent the former administra-
tion. :

. In his contribution to a reso-
lution yesterday, Minister ‘
Bethel read a letter addressed’
to Mr Christie signed by Baha,
Mar Chief Executive Officer |
Sarkis Izmirlian dated'January
25, 2006 which revealed the
developers were unhappy with,
the PLP’s handling of the deal,
and were considering terminat-
ing their involvement.

“I wish to be very clear and
very frank. Unless your govern-
ment delivers on the much
advertised partnership between
the government and Baha Mar,
Iam seriously considering
whether investing billions of
dollars in this country isthe ,
right decision,” Mr Izmirlian ;
wrote.

The letter continued that if
the early February (2006) time-
frame was not met, Mr Izmir-
lian would inform Harrah’s and
Starwood that in spite of his
“best efforts” for three years ©
the then government had failed
him. ‘

“T certainly do not want to be
known as the developer (and .
I’m certain you don’t want to °

’ be known as the prime minis-
ter) that lost Caesar’s and Star-
wood. Today, more than ever
before, I need your unambigu-
ous support, Mr Prime Minis- .
ter,” Mr Izmirlian concluded. ‘

After tabling the letter in the
House yesterday, Minister
Bethel charged that if the PLP
had approved Baha Mar’s
requests in early 2006, the
developers would not be facing
a threat of arecession in the ;
US, a sub-prime mortgage and
credit crisis in that market, and
an international (credit). liquidi-
ty crisis.

Said Minister Bethel, “Had;



. ,the Perry Gladstone Christie :
ex rp Ty

“évernment done their
duty when Baha Mar was
imploring them to do so way

orback in January.ef,2006 —
. more than two years ago — our

country would not now be in *
the condition that it is in.

He also accused the former
administration of “negligently”
agreeing to sell the Cable
Beach golf course and other
land knowing developers
intended to move the course ,
from its current location and ;
use the land for condominium
developments. :

He charged the PLP of actin
in “clear breach” of the Restric-
tive Covenants included in the
1952 conveyance of Crown
Land. At this point Mr Christie
rose to his feet, objecting to Mr
Bethel’s statements. }

“They are trying to ridicule,
my government using wrong
information. It is wrong, it is
disgraceful and I want to be
able to establish it right now.
And a former attorney general
shaquld know better,” said Mr
Christie.

During his contribution Min-
ister Bethel also defended the
prime minister’s questioning of
Baha Mar’s capability to
finance the $2.6 billion develop-
ment in Cable Beach while
accusing the opposition of
attempting to gain “political
brownie points” by criticising ;
the prime minister’s position
taken on the matter. ,.

He said Prime Minister '
Hubert Ingraham’s remarks in
the House of Assembly on ~
Wednesday were an expression
of “prudential doubt” based on
a letter dated February 20, 2007
from the Ministry of Financial
Services and Investments
signed by Sir Baltron Bethel
which stated the former govern-
ment had “not received satis-
factory evidence that Baha Mar
has obtained adequate financ-
ing for the project. To date no
commitment for financing has
been obtained. ..”.

Minister Bethel argued this
was proof the opposition shared
the prime minister’s doubts as
late as January, 2007 and berat-
ed the PLP for apparently not
wanting the matter addressed’
publicly.

Despite these earlier doubts
the government “supports the
efforts” of BahaMar to redevel-
op the Cable Beach strip and
anyone suggesting to the con-
trary is guilty of “mischief-mak-
ing”, said Mr Bethel.

On Thursday, the House
passed the Resolution to autho-
rise the Treasurer to sell por-
tions of West Bay Street, the
Cable Beach Police and Fire
Station, portions of “Corridor
No 7 North” and the Cecil Wal-
lace Whitfield Centre to the
proposed developers of Baha
Mar. :
2 iiss TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 9

| BAHAMAS ELECTRICITY CORPORATION

PO. BOX N-7509
TELEPHONE: 302-1000



BAHAMAS ELECTRICITY CORPORATION

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

TENDER NO. 654/08

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

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

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

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

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

TENDER FOR THE PROVISION OF GENERAL INSURANCES y
PUBLIC & EMPLOYER’S LIABILITY, PERSONAL ACCIDENT

AND PRIVATE CAR & COMMERCIAL VEHICLE

TENDER NO. 655/08

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

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

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

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

aa The orale Manager

amas Electricity Corporation

ee Blue Hill & Tucker Roads
Nassau, Bahamas

Attention: Mrs. Delmeta Seymour

reek bed Marked: Tender No. 655/08
“GENERAL INSURANCES - PUBLIC & EMPLOYER’S AND VEHICLES”

is AS:

_ The Corporation reserves the right to accept or reject any or all tenders.
TE a ron Cie Le
BAHAMAS ELECTRICITY CORPORATION

tH

_ TENDER FOR THE PROVISION OF GENERAL INSURANCES
MONEY & FIDELITY

i ny oS TENDER NO. 656/08

The 2 Babarnas Bleearicity Corporation invites tenders from meio 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

al 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.

y



BAHAMAS ELECTRICITY CORPORATION

TENDER FOR THE PROVISION OF GENERAL IN SURANCES
MARINE INSURANCE

TENDER NO. 659/08

The Bahamas Electricity Corporation invites tenders from tigible bidders for He provision nee
general insurances as described

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 Coralie
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.
BAHAMAS ELECT RICITY Y CORPORATION

TENDER FOR THE ¢ PROVISION OF GENERAL. IN SURANCES
PROFESSIONAL INDEMNITY (DIRECTORS & OFFICERS)

TENDER NO. 657/08

The Bahamas Electricity Corporation invites tenders from eligible bidders Yor hep or od 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. 657/08
“PROFESSIONAL INDEMNITY DIRECTORS & OFFICERS”



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

AEA TA NT DE
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. 302-1158
Fax No. 323-6852

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

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

Attention; Mrs. Delmeta Seymour

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

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

(
PAGE 10, FRIDAY, MARCH 7, 200 THE TRIBUNE

cba The Tribune’s & Kelly’s /

B/N & ee

FIRST PRIZE SECOND PRIZE THIRD PRIZE

GIFT BASKET Value $125 GIFT BASKET Value $100 GIFT BASKET Value $75
In Each Age Group ' In Each Age Group — In Each Age Group













CONTEST RULES

1. Children ages 4-5, 6-8, and 9-10. Staff members and relatives are not eligible to enter.
2. Coloring may be done with crayons and other decorations. Adults or older child may assist the child in filling out the entry form, BUT NOT IN
COLORING THE ENTRY

3. Enter as much times as you wish. All entries must be in The Tribune by 4pm on Friday, March 14. Winners will be announced Thursday, March 20,
2008. Look for your names in The Tribune or listen to 1OOJAMZ / JOY FM or COOL FM to hear your name.

4. There will be one first-prize winner, one second-prize winner and one third-prize winner in each age groups.

5. All entries become the property of The Tribune and may be used for any purpose including, but not limited to, publication in a future issue.

“NO PHOTOCOPIES. USE NEWSPAPER AD ONLY”



Child’s Name: Parent/Guarc.:an Signature



Address: Tel: Age:

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THE TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 11



FROM page one

farm, police said.
However, according to a
report issued by Chief Supt
Basil Rahming, up to press
; time yesterday police have
{not conclusively deter-
;mined how Stefan Murphy
— a dual resident of Sgt
‘Major Road, Freeport and
‘Lowe Sound, Andros —
received his injuries due to
'“conflicting accounts” of
.the events leading up to
:the injury given by wit-
_nesses on the scene.
Around 5.20 pm on
Wednesday police received
information from the Rand
Memorial Hospital that a
young man had just
‘been brought there suffer-
ing from serious gunshot
injuries.
Officers went to the hos-

Teenager airlifted to |
PMH after being shot

the victim and then later to
other persons who were
said to be present when the
shooting occurred some-
where in Freeport, said
CSP Rahming.

An intensive investiga-
tion has been launched into
this matter.

STOLEN BOAT

RECOVERED
THREE Abaco males
are in police custody at
that island, after being

arrested at Sandy Point
Wednesday night while
attempting to elude offi-
cers.

Around 8.05 pm
Wednesday, residents spot-
ted the men travelling
aboard a white.
engine 32 ft Century speed-
boat, named "Boogaloo",
which had been reported
stolen last Saturday around
4am, from a canal at the
rear of Cove House Con-
dominiums in Freeport,

twin-

CSP Rahming reported.

Police were alerted and
in an attempt to escape the
pursuing officers and resi-
dents, the suspects then
jumped overboard into the
sea, but were apprehended
as soon as they set foot on
the beach.

They are presently
assisting Marsh Harbour

Detective Unit officers

with their investigation
into this matter, CSP Rah-
ming added.

FROM page one

| person who was allegedly
bribed.

Maycock Sr has an indict-
ment in the US and has been
on the run in the Bahamas, and
elsewhere for some time.

Yesterday a local tabloid sug-
i, gested that US Ambassador
: Ned Siegel had telephoned
: Foreign Affairs Minister Brent

i Symonette to personally inform
: him of his disgust in the matter.

However, the US Embassy’s

‘Brihed officers

Chargé d’Affaires Dr Brent
Hardt has denied this report.
Dr Hardt said that Ambas-
sador Siegel had been out of
the country “for some time”
and had not contacted the For-’
eign Minister.

‘ In the coming days, addi-
tional officers are expected to
be fired, or brought before the
courts in connection with this
matter.

Butler's Funeral Homes

& Crematorium

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

Funeral Announcement

Antoinette Elizabeth

Adderley, 67

pital where they spoke to

Pleasant Bridgewater
| FROM page one

| also.

| Ms Bridgewater said that she went to the residence in Novem-
‘ber and December ‘2006 and also in January 2007. On one

occasion she said that she went into the building and looked in,

| and no one lived there. Ms Bridgewater added that the residence

: had not had electricity for seven years.

: Others, sent on Ms Bridgewater’s behalf, also checked the res-

i idence at “all hours” verifying that no one lived there, she told
: the court.

Mr Smith also challenged Ms Bridgewater on whether three
people on her list of challenged voters actually voted.

In the case of Abraham Cooper, Mr Smith suggested that he

; did not vote in the last election. To this Ms Bridgewater said she
‘ does not know if he did, but she put him on the list to be cau-
| tious. In the case of Analdo Cooper, when the same suggestion
| was put to Ms Bridgewater, she said that he did vote.

Ms Bridgewater expressed the same certainty when she said
Angela Knowles voted, despite the suggestion to the contrary

‘by Mr Smith.

' Mr Smith and Ms Bridgewater also disagreed on whether or

‘not Calvin Hart is a student studying abroad. Mr Smith sug-
gested this, arguing that during the relevant period, he was
not away from his No. 22 Sandpiper Lane residence in Marco
City for more than four weeks at a time.

Ms Bridgewater said that she knows him from the 2002 elec-
tion campaign and also knows some of his family, and he did not
live there during the relevant six-month period before the elec-
tion. She also rejected the claim that he was a student. Instead,
she said that he is in the Turks and Caicos Islands with his
mother.

Philip ‘Brave’ Davis, lead attorney for Ms Bridgewater, told
the court at the end of yesterday’s session that he will be ready

.to proceed, with his case on Monday. Mr Smith still, however,
has to complete his cross-examination of Ms Bridgewater on
‘ Monday when the Election Court resumes. ;

Laing storms out of House
FROM page one

Mr Smith sought to imply that the FNM government was attempt-
ing to divert attention from accusations concerning Mr Laing and
the Custom’s Department by pushing a legal challenge against
PLP Senator Pleasant Bridgewater into the public domain.

Mr Laing has been criticised by Mr Smith for the lowering of
a Customs duty tariff on a drink that the minister’s sister-in-law
sells.

The issue has caused much debate in the House of Assembly
since it first emerged a few weeks ago.

Since then, Ms Bridgewater has been slapped with a law suit
by the Bahamas-based Northern Oceanic Research and Tech-
nology Holdings Ltd and Florida-based Blue Hole Expedition
LLC in the Supreme Court. The suit alleges that despite
numerous requests, Ms Bridgewater has refused to return
$650,000 held in escrow by her law firm, Bridgewater and Co,
for the plaintiffs.

Mr Smith yesterday said that based on the timing of the mat-
ter, it was a “red herring” by the FNM government to divert -
attention from Mr Laing’s Customs matter.

However, Mr Laing has denied Mr Smith’s allegations.

“That is utterly untrue, utterly untrue. And they need to go
and speak with who they need to speak with. It has nothing to
do with us. That’s a matter between clients and their attorneys.
But the fact of the matter is that if Mr Smith has whatever evi-
dence he says he has, we are outside, I’m prepared for him to
come outside and say what he has to say where he is subject for
libel, and subject for slander. And let’s see what kind of
courage he has in respect of that,” Mr Laing said.

In response to this, Mr Smith would not make his accusations
again outside of the Parliamentary chamber, but rather only
reiterated that Mr Laing has questions that he “must” answer.

“We put some questions on the record and he needs to
answer them fully or pane the full report as promised,” he
said.



March 9-16, 2008 - East Street Tabernacle

THEME:

6c}

GUEST SPEAKERS:

[ALK WITH GOD”

Micah 6:8.

Monday, March 10th, 2008

National Overseer & Moderator will dela hi

BISHOP DR. BRICE H. THOMPSON

: BAHAI
General Presbyter MAS

ANNUAL ADDRESS LIVE VIA RADIO

Sunday, March i6th, 2008

BISHOP STEVE MADRID
USA Regional Overseer

Annual Parade & Water Baptismal Service at
the Western Esplanade, followed by live ZNS

Radio & T.V. 13 evening broadcast Service.

BISHOP TIMOTHY HARPER
USA Regional Overseer

and SISTER KAREN HARPER
BISHOP CLARENCE wittiams = ®* ing
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
ES 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
- Brass Band, the Junior Brass Band, and the
. Crusaders Brass Band from the Church of
. God.

| LOG ON TO: |
_Wwww.cogopbahamas.org =~
LIVE WEBCAST EVENING SESSIONS

. dine blesséd!

)

Final Message on Convention Theme:
“WALK WITH GOD” will be delivered by

‘National Overseer, Bishop Dr. Elgarnet B.

2.0-liter 4-cylinder
(Continuously Variable T
Sentra's spacious cabin
a 60/40 split double-fol

of Kent Avenue off Nassau East
Blvd. and formerly of Deadman’s
Cay, Long Island will be held on
Saturday, March 08th, 2008 at 11:
00 a.m. at Christ Church Cathedral,
George Street. Officiating will be
The Very’ Rev'd Patrick Adderley
Assisted by Rev’d Fr. Michael
Gittens and Rev'd Stephen
Davies. Interment will follow in
Woodlawn Gardens, Soldier Road.



Mrs. Adderley will be greatly missed by her loving
and dedicated Husband: Kirkwood Adderley; One
(1) Daughter: Joy D’Arville; One (1) Son: Sean
Adderley; Two (2) Granddaughters: Diandrea
D’Arville and Andrea Knowles; Two (2) Grandsons:
Alexander Knowles and Rhoderique D’ Arville; One
(1) Son-in-law: Capt. Rhoderique D’Arville; Two
(2) Sisters: Rachel Burrows and Asenath Cartwright;
One (1) Brother: Spence Cartwright; One (1) Aunt:
Ermie Cartwright; One (1) Brother-in-law: Garfield
Burrows; Two (2) Nieces: Elizabeth Rahming and
Antonia Burrows; Two (2) Nephews: Francis and
Alexis Burrows, Three (3) Grandnephews: Andre,
Elliot and Aiden Rahming; One (1) Nephew-in-law:

‘Winton Rahming and a host of other relatives and

friends including: The Very Rev'd Patrick and Mrs.
Astrid Adderley and the Christ Church Cathedral
Church family especially the members of Cell
“G” and the entire Community of Deadman’s Cay,
Long Island and others too numerous to mention.

Viewing will be held at the Chapel of Butlers’
Funeral Homes and Crematorium, Ernest and York

Streets on Friday from 10:00 a.m. until 5:00 p.m.



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PAGE 12, FRIDAY, MARCH 7, 2008

THE TRIBUNE
INTERNATIONAL NEWS






ENDANGERED: A 50-day-old wattled crane, one of five critically endangered

_ bird species in the country, rummages for insects next to a puppet, left,
mimicking an adult bird, at the Johannesburg Zoo, yesterday. A conser-
vation programme is being run in an attempt to save the species from
extinction as remaining populations face a major threat due to wetland
degradation. ' :

Beef Curry Skillet

1 tablespoon curry powder, divided
1/2 teaspoon salt

1/4 teaspoon crushed red pepper flakes — :

1 pound boneless beef sirloin steak, cut into thin strips
2 tablespoons Pure Wesson Canola Oil

1 medium onion, chopped (1 med = 1/2 cup)

1 can (14.5 oz each) Hunt's Diced Tomatoes, undrained

- 1.can (14 oz each) beef broth
1 cup basmati rice, uncooked
1/2 cup raisins
1/2 teaspoon garlic powder

3 tablespoons slivered almonds, toasted

Mix 2 teaspoons of the curry powder, the salt and red
pepper in small bowl. Sprinkle evenly over steak strips in
medium bowl; toss to coat. Heat oil in large skillet over
medium-high heat. Add steak; cook 5 minutes, or until

_ no longer pink, stirring frequently. Remove from skillet;
cover to keep warm. Add onions to same skillet; cook 5
minutes, or until tender, stirring frequently. Add remaining Ss
1 teaspoon curry powder, the undrained tomatoes, the - é \
broth, rice, raisins and garlic powder; mix well. Bring to a
boil. Reduce heat to low; cover. Simmer 20 minutes, or until
rice is tender. Stir in steak. Remove from heat. Let stand,
covered, 5 minutes. Sprinkle with the almonds.

Log on to www.hunts.com or

www.conagrafoods.com
for more delicious tomato recipes.

‘ Rare Tere
Bit: Lousy teovaartcdaes



















ENVIRONMENT/MOTORING

Car makers show
| greenest models

| in anticipation of
| Stricter controls —
| On emissions

{ By FRANK JORDANS
GENEVA




























Car makers showed off their leanest, greenest mass-market
models yesterday in anticipation of stricter European emissions con-
trols as the Geneva International Motor Show opened its doors to
the public, according to the Associated Press.

A host of small cars are celebrating their debut in Geneva,
including production versions of Ford Motor Co.'s new, fuel-stingy
Fiesta and Toyota Motor Corp.'s three-seater iQ, and a concept ver-
sion of Fiat's 500 Aria. All three boast carbon dioxide emissions of
under 100 grams per kilometer, which will help those manufactur-
ers beat an EU proposal for a fleet average of 130 grams by 2012.

Environment ministers from the 27-nation bloc _ the world's
biggest consumer market with 490 million people _ met in Brussels
earlier this week to discuss the plan, which has ruffled feathers
among Europe's large car-producing nations such as Germany.

The environmental group Greenpeace says even tighter emissions
targets than those in the EU proposal are needed if climatechange
is to be reigned in. About 20 activists protested at the show on
Thursday morning, demanding that auto makers rethink what
makes a good car and calling for average fleet emissions to be

The Geneva show is traditionally regarded as the most level
playing field for car makers because Switzerland lacks its own
industry. Europeans will get their first glimpse of Indian manu-
facturer Tata's Nano, hailed as the world's cheapest car and due to
begin rolling off the production line by the end of the year. The pint-
sized five-seater will cost $2,500 plus tax and delivery, but will ini-
tially only be available in India while Tata works on improving the
car's emissions ratio and safety features... © .>

Chevrolet too will be appealing to Europeans accustomed to
driving smaller vehicles than their trans-Atlantic cousins.

General Motor Corp.'s top-selling brand is unveiling a three-door
version of the Aveo, which debuted in Europe at last year's IAA
exhibition in Frankfurt, Germany, with a five-door model.

One of the loopholes to the emissions proposal currently being
discussed in Brussels lets car makers pool their fleets with those of

- companies producing more efficient vehicles. ©

Companies that exceed the limit would face stiff fines starting at
20 euros ($30) per gram per kilometer, multiplied by the number of
cars sold, rising to 95 euros ($144) by 2015. If auto makers pass this
cost on to consumers it would add hundreds of euros (dollars) to the
price of a car.

... Low-volume manufacturers producing fewer than 10,000 vehicies
a year would be exempt, but major players such as BMW, Daimler
and Volkswagen would have to team up with greener car makers
or improve their own fleet if they want to continue selling high-pow-
ered SUVs and sports cars in Europe.



Under the Patron
Of :
Mrs. Shawn Turnquest & Mrs. Sharlyn Smith



age




! Grant Thornton
Presents
The 4th Charity Art Exhibition
Friday March 7, 2008
6:00 p.m. to 8:30 p.m.
The Wedgewood Room, British Colonial Hilton














Proceeds to support:
The Ranfurly Home for Children
The Links Inc. Women’s Safe House
Alpha Phi Alpha Educational Scholarship Fund
3 Art Work By:
Mr, Eddie Minnis

Me Stan Bu

_ Mr. Antonio








Ecsite Se
ese a Bits tera g
core Sasa eds

ea SA 8





limited to 120 grams per kilometer by 2012, and 80 grams by 2020. |






PM’s Baha Mar
scepticism
may ‘throw

wrench’ into |
rising business
confidence

@ By NEIL HARTNELL
Tribune Business
Editor

THE Bahamas Chamber of :
Commerce’s president yester- :
day warned that the Prime Min- :
ister’s public scepticism over :
the $2.6 billion Baha Mar pro- :
ject could “throw a wrench” :
into the improving level of con- :
fidence among Bahamian busi- :
nesses and investors, and urged: }
“Give these people a chance.” :

Stating that he was “stunned” :
and “dismayed” to hear Mr :
Ingraham’s comments in the
House of Assembly about the :
doubts he harboured over Baha :
Mar’s ability to provide $400
million in its own equity financ- }
ing and fulfill all its obligations
by March 2009, Dionisio :
D’Aguilar told The Tribune: :
“My God, give these people a
chance. i

“[The Government attitude] :
seems to be: we’ve approved :
the deal, but don’t expect it to :
succeed. It puts a real damper :
when the Government stands :
up and says we’ve approved this :
deal, but do not expect it tosuc-
ceed.” :

The Chamber president said :
the comments could impact :
improving investor and }
Bahamian business communi- :
ty sentiment about the 2008 :
prospects for their companies, :
and the wider Bahamian econ-
omy, a declining confidence :
trend having been reversed by :
indications that a construction
start was imminent for the Baha
-. Mar and Albany projects. ;
+... Investing [by businesses] is _

about confidence. How confi- ‘:
dent do I feel about my econo- :
my?” Mr D’ Aguilar said. i

“There’s a certain element :
of risk in business, but don’t }
make comments that increase :
that risk in the psychological |

SEE page 5B

a

Drive a Honda Fit and Peat to
40 miles per gallon

GREAT GU







Turn Key Business



FRIDAY; MARCH 7, 2008

SECTION B e business @tribunemedia.net





Lees





Feuding Port owners

@ By NEIL HARTNELL

Tribune Business Editor —

ALL litigation in the Grand
Bahama Port Authority
(GBPA) ownership dispute was
ordered stayed yesterday after-
noon by Supreme Court Justice
Anita Allen, who has ordered
both sides into mediation next
week in the latest bid'to resolve
the bitter 15-month legal bat-
tle.

The Tribune understands that
the judge has ruled that if both
sides fail to agree on a mediator,
she will appoint one herself. All
parties have also been gagged
from speaking to the media.

The stay is also understood
to apply to last week’s removal
of the injunction preventing
Seashells Investments, the hold-
ing vehicle controlled by
trustees of the Hayward family
trust, from selling its 50 per cent
stake in Intercontinental Diver-
sified Corporation (IDC) - the
holding company for the Grand
Bahama Port Authority
(GBPA) and its Port Group Ltd
affiliate. ane

This would appear to halt yet
again attempts by Fleming Fam-
ily & Partners to acquire the

‘Concern’ on
e |
reputational

effects from _

Film Studios
lease end

MBy NEILHARTNELL
Tribune Business Editor

A POTENTIAL purchaser
of the Bahamas Film Studios
yesterday told The Tribune he
was concerned about the inter-
national movie industry devel-
oping a negative perception
about this nation’s “desire to
develop a serious film industry”
if the. Government did not han-
dle plans to terminate the pro-
ject’s lease carefully...»

Owen Bethel, the Bahamian
banker who put together the
Bahamas FilmInvest Interna-
tional consortium that is‘seeking
to acquire the Bahamas Film
Studios, said he and his group
were still assessing the conse-
quences of the Government ter-
minating the lease, as the Prime
Minister said it would do earli-
er this week.

Mr Ingraham, in response to
a question put to him in the
House of Assembly on Monday
by West End PLP MAP, Obie
Wilchcombe, said: “The people
at Gold Rock Creek [the Stu-
dios’ immediate holding com-
pany] are in default on their
lease. |

ANA CAY



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www.abacobahamas.com



Stay on all litigation likely
to halt, at least temporarily,
Fleming’s purchase efforts

Seashells Investments. stake in

the GBPA and Port Group Ltd. ©

Fleming submitted its applica-
tion for government approval
for the purchase last week, and

its plans for the GBPA and to -

grow Freeport’s economy, last
week. It is likely that the appli-
cation will now be held up by
the court rulings.

The stay is also likely to mean
that the two sides in the GBPA
ownership dispute - the Hay-
ward defendants and the plain-
tiffs, the late Edward. St
George’s estate and his daugh-
ter, Caroline - will have to wait
longer on Justice Allen’s deci-
sion over whether the GBPA
receivers should pay a $12.1 mil-
lion dividend to its owners.

Other rulings that area also
awaited include Justice Neville
Adderley’s on whether the
GBPA receivers, BDO Mann
Judd accountants Clifford and
Myles Culmer, should be

Owen Bethel



“The Government of the
Bahamas intends: to terminate

their lease and entertain pro--

SEE page 4B

© 2007 ADWORKS

removed.

The stay and mediation order
is the latest attempt to resolve
the GBPA ownership dispute,

and litigation, which was.

sparked by Sir Jack Hayward’s
claim to 75 per cent ownership.

The legal battle has been
deeply damaging for Grand
Bahama’s economy, given the
uncertainty it has created
among investors. A number of
proposed projects, such as the

ordered into mediations

Morgan Stanley Barbary Beach
development and the Raven
Group project, are thought to
have been put on hold until the
GBPA ownership dispute is set-
tled.

Recent efforts have involved
an ‘open offer’ submitted by the
St George estate to the Hay-
ward side to settle the litigation.

That was countered by a Feb-
ruary 21, 2008, letter from
Charles Mackay, Sir Jack’s
attorney, to the estate’s attor-
ney, Fred Smith.

In it, Sir Jack Hayward
offered to use his influence
with key companies in the

SEE page 7B

Tourism generating
one in every 1.6 jobs

@ By NEIL HARTNELL

Tribune Business Editor

THE Bahamas is the sixth-most reliant nation in the world

for tourism to generate the bulk of national employment, an
economic study yesterday revealing the industry will gener-
ate 63.5 per cent of employment - one out of every 1.6 jobs,
some 95,000 in total - directly and indirectly in 2008.

The World Travel and Tourism Council’s (WTTC) tourism
satellite accounting for 2008, unveiled yesterday, again
showed the Bahamas’ continued reliance on tourism to gen-
erate the bulk of its national economic output and jobs, and
why there is good cause for concern over the industry’s com-

petitiveness.

Put simply, the WITC study shows that if the Bahamian
tourism sector loses its competitive edge in the face of inten-
sifying regional and global competition, and its product'is not
improved, this nation’s economy will struggle.

The WTTC research found that when it came to jobs that

directly and indirectly relied upon tourism, only Antigua &

Barbuda, Aruba, Macau, Anguilla and the Seychelles .were
more dependent than the Bahamas.

And this nation’s reliance on the tourism industry to both
directly and indirectly generate the bulk of jobs in the
Bahamas will increase over the next decade. While the
Bahamas is forecast to remain in sixth place, by 2018 tourism
will generate 65 per cent or one in every 1.5 jobs in this

nation - a total of 120,000 jobs.
When it came to direct tourism industry employment, the

Bahamas was ranked seventh in the world for 2008, with 23.6
per cent of its workforce directly employed in the industry.

SEE page 7B



LRU TR Se |



ela Be\AsrelU)




Wa
Ue THI

@ By NEIL HARTNELL
Tribune Business
Editorsis





THE Minister of Works
and Transport yesterday told
The Tribune he would be
“more than happy” to place
the draft Contractors Bill on
the Governments legislative
agenda, but said the main
industry association had
informed him it needed
more time to obtain feed-
back from its members.

Dr Earl Deveaux said the
Government “would very
much like to have it [all con-
tractor feedback on the Bill],
so we can build it into our
agenda”, but would not
move forward without con-
sultation being completed as
it was an industry-driven ini-
tiative.

Describing the Bill as
being akin to a “grassroots”
initiative, Dr Deveaux said
the Contractors Bill was sim-
ilar to the legislation that
was passed to regulate the
architect and engineering
professions, in that it was
driven by professionals in
those industries.

“Obviously, we are
favourably disposed to
putting it on the agenda
once it would have come
from them,” Dr Deveaux
said. “We can’t take the lead
on it.

“Once they present it to |
us, I will be more than happy
to build it into the agenda
and more than happy to
bring it to my colleagues.
But we will not bring for-

SEE page 5B












































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PAGE 2B, FRIDAY, MARCH 7, 2008

THE TRIBUNE





Restructure trading processes
to better ‘sell’ capital markets

PPARENTLY wor-

ried about financial
turmoil in international markets,
a reporter recently asked me
whether I thought it was a good
idea for Bahamians to invest in
foreign stocks,

That was easy. “Sure, if you’re
not in a rush”, I answered.
“They’re down now, but some
day they will come back — they
always have and they always
will.”

And, although I did not say it,
you can get out if you need to.
For any security listed on
exchanges such as the New York
Stock Exchange or Nasdaq, you
can find a price at which to sell,
every minute of every trading
day. You may not like the price,

By RICHARD COULSON







maybe far below what you paid
for it, but.at least you can turn it
into cash within seconds.

That’s a far cry from investing
in stocks that ‘trade’ — if that’s
the right word — on our Bahamas
International Securities
Exchange (BISX). BISX is a
noble effort, supported by hard-
working management, but as a
true trading mechanism it’s like
the well-known Potemkin Vil-
lage: the front looks great, but
the machinery behind is pretty
creaky.

Consider the market reports
in the daily press, which is what

NOTICE

IN THE ESTATE OF MYRTLE M.: REIMER a.k.a. MYR-
TLE REIMER late of 238 Butte des Morts Dr., Menasha,
Winnebago Country in the State of Wisconsin, one of the
United States of America, deceased

NOTICE is hereby given that all persons having any claim
or demand against or interest in the above Estate should
send the same duly certified in writing to the undersigned
on or before 18th April, 2008 after which date the Admin-

istratrix will proceed to distribute the assets of the Estate
having regard only to the claims, demands or interests

of which she shall then have had notice AND all persons
indebted .to the above Estate are asked to settle such debts

on or before 18th April, 2008.

V.M. LIGHTBOURN & CO.
Attorneys for the Administratrix
P.O. Box AB-20365
Second Floor
Damianos Building
East Bay Street, Marsh Harbour
Abaco, The Bahamas bate







the average innocent investor
relies on. For each of the 19 list-
ed stocks he sees a price figure
under the heading ‘Today’s
Close’. A reasonable person
would think that means shares
could be bought or sold at, or
near, that price. Don’t believe it.
That reference gives only the
price on the date when the
shares last traded, and that date
can be, and often is, months ago,
with the ancient price having no
relevance to today’s tradable val-
ue.

To learn the true situation,

your innocent investor must do a

lot more research. Take the case
of Commonwealth Bank (CBL).
First he must click on to the
BISX website, then click on
‘Trading Information’, then click
on CBL to get ‘Listed Issuers’,
then on CBL again to get com-
pany information then, finally,
on ‘Open Orders’, where he will
find the unpleasant truth about
pricing.

From early January to Febru-
ary 27, 2008, Commonwealth
Bank’s ‘Today’s Close’ price
steadily showed $7.50, while in
fact there were no trades at that,
or any, price and there were over
30 open (unfilled) sell orders
totalling over 100,000 shares (and
zero buy orders) at prices rang-
ing from $7.64 down to $6.97.
Finally, on February 28-29, 2008,
trades crossed at around $6.95,
so at last we have an up-to-date
‘Today’s Close’ price quoted.

This seems an intolerable sit-
uation. For one of our most pop-
ular stocks, during a period of
nearly two months the advertised
$7.50 price was meaningless with

- no trading, and was finally

replaced by a price nearly 7 per
cent lower. Any investors valuing
their portfolio in that period,
including our licensed public
mutual funds who hold CBL
shares, would have arrived at
highly misleading results.

This informational failure

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

When:

Session

March 13, 2008
From 11:00 A.m. To 12:30 Pm.

Apply By: March 10, 2008. a

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






could be alleviated by simply,
changing the heading ‘“Today’s

Close’ to ‘Last Trade’, and then!
giving the date of that trade,
together with the volume of out- |

standing buy and sell orders and

their average price. Also, stop |

listing ‘Unfilled Orders’ that,
because set at unrealistic prices,
are ‘stale’ and do. not get exe-
cuted.

However, these cosmetic
changes will not solve the basic
problem: the very existence of
large, unfilled orders.

At a recent date, 12 listed
companies (including such stal-
warts as FirstCaribbean Interna-
tional Bank and FOCOL)
showed heavy sell orders and
only five (led by Cable Bahamas)
carried net buy orders. In a per-
fect trading exchange, these
orders would not exist for very
long, as each one would be
cleared within a day or two. We
cannot expect that to occur in
the Bahamas with our small
number of buyers and sellers.
But there’s something wrong
with the system when, as at pre-
sent, these orders remain out-
standing for weeks and months,
leaving unsatisfied investors.
Most sellers are not simply.day-
traders but long-term investors,
who may suddenly face a real
financial need and yet find their
supposedly liquid investment
effectively frozen.

Of course, share prices can fall
as well as rise for fundamental
or technical reasons — that’s the
essence of a stock market. But
it’s also the essence of a mar-
ket that buyers step in as sellers
abound and prices drop. We
don’t see much of that happening
on BISX.

What can be done to alleviate
this situation?

Better information. Most list-
ed companies now promptly
publish financial information, but
it’s amazing that we see no inde-
pendent commentary from secu-
rities dealers or analysts. Fideli-
ty used to publish periodic
reports with buy-sell-hold rec-
ommendations, but appear to
have dropped this practice. With-
out some expert advice, many
investors feel lost. For the deal-
ers, more information would lead
to more trading and more com-
missions.

Smarter investor decisions.
Investors should avoid the herd
mentality by looking closely at
company financials, and taking
the trouble to research buy/sell
orders.

A case in point is Common-
wealth Bank.

During the second half of
2007, everyone was a buyer,
pushing the price up rapidly to
nearly $8.50 with perhaps ‘irra-
tional exuberance’. Come 2008,
everybody became a seller, with
no buyers for two months.

This was despite the chair-
man’s release earlier this year,

showing distinct increases in net -

income, earnings per share, and
return on assets during 2007, and
announcing a higher dividend in
2008. What could be better?

By checking the sell orders
(and here a broker might have
helped him), a buyer could see
that shares were available at
steadily declining prices. Yet no
one bought until the price fell
below $7.

Unless buyers fear a general
collapse in banking or the
Bahamian economy, this looks
like pretty irrational investment
behaviour.

Your Support is well needed and

appreciated.

Come spend the afternoon with
your family & friends at this.

exciting event.

There will be games for the i
children, food and beverages for,
sale, and a Disney movie to finish,

off the evening.

All proceeds go to the Ranfurly |
Home for Children.
Donations are welcome !!!

Event is March 8th at 4pm and
tickets are on sale now. Kindly call
Joey Premock at 322-3207, Chris
Premock at 357-4277 or Sean Raine
at 457-2433, or reply via email to
this address, to produce your ticket

before hey 2 are sold out. /

Support from controlling
shareholders. All the BISX com-
panies are controlled by a single
shareholder or small group of
related owners, who have sub-
stantial resources. While they
have absolutely no legal obliga-
tion to do so, these parties might
find it a wise policy to bid for
their company’s shares when
they see heavy unfilled sell
orders. This type of occasional
market support could have a
major impact on friendly share-
holder relations. Every company
must think about the future
when it might wish to raise more
capital by a new share issue, and
a satisfied shareholder commu-
nity will be essential.

Market-makers. None of our
broker-dealers holds itself out to
be a market-maker, risking its
own capital to take a position in
a stock for subsequent sale, the
long-time function of specialists
on the New York Stock
Exchange and of many dealer
firms in US and foreign capital
markets. One can understand
our local firms’ reluctance to do
so given the thin trading levels
on BISX, and the danger of
being stuck with an illiquid hold-
ing. Nevertheless, it would be a
great boon to our capital mar-
kets if several financial institu-
tions could pool their resources
to create an investment company
to intervene between buyers and
sellers. If well managed with rea-
sonable leverage, such a compa-
ny could be profitable.

It’s often said that Bahamians
only invest in stocks to hold them
until death. Clearly, that’s a half
truth: the preponderance of sell
orders shows that many share-
holders want — and some may
seriously need — an exit route.
While BISX itself is a valuable -
player in our capital markets,
many of our trading techniques
must be restructured to satisfy
those on the sell side.

NB: For disclosure purposes,
the author states that a company
he controls invests in several

’ BISX-listed shares.














THE TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 3B






m@ By CARA
BRENNEN-BETHEL
Tribune Business
Reporter

THE FNM government was
yesterday urged by a former
Exuma MP to revisit the terms
of the Heads of Agreement
signed with the developers
behind the Aman resort pro-
ject on Norman’s Cay to
ensure they will not be “call-
ing all of the shots” on the
island.

George Smith said he was
speaking as a concerned citi-
zen on the project, and was
concerned about the provi-
sions contained in the Heads
of Agreement.

“I support a tasteful, envi-
ronmentally friendly and
properly-funded development.
Bahamians should have
opportunities beyond jobs.
After all it is their land,” Mr
Smith said.

“If this were in New Provi-
dence and they were talking

about the amount of land that.

they are talking about for
Norman’s Cay, there would
be a public outcry. But
because this is on a cay, no
one is really saying anything.”

Mr Smith had previously
denied to The Tribune that he
was raising concerns because
his cousin, Bahamian real
estate developer Lester Smith,
who has a resort project on
nearby Wax Cay - situated on
- a large acreage of Crown
Land granted to him by the
Christie administration - had
concerns about the competi-
tion that would be posed by
the Amanresort. "

Aman’s partner in the $500
million project is the develop-
er, the New York/Miami-
based Setai Group. They had
partnered with a group of
Bahamians, attorneys Martin
Solomon and R James Cole,
and financial executives Mark
Holowesko and Gregory
Cleare.

The Aman project for Nor-
man’s Cay has been on the
drawing board for almost a
decade, and a Heads of
Agreement was signed with
the first Ingraham adminis-
tration in 2002. Yet talks over
a supplemental Heads of
Agreement with the Christie
government went nowhere,
and the project was delayed
for five years until Mr Ingra-
ham returned to office. |

An economic impact study
projected that the Aman
development would generate
580 jobs for Bahamians over
20 years, inject $330 million
into the Bahamian economy
over the same time period,

and by 2024 inject $36 million ©

into the Bahamian. economy
annually.

But Mr Smith said a major
area of concern was the oper-
ation and control of the air-
port, the details of which he
added were only partially
mentioned in the Heads of

Agreement.

“Ts it common for. Family
Island airports, particularly
ports of entry, to be privately
owned? The whole airport
concept, its use and construc-
tion timing seems flawed,” he
added. —

Mr Smith suggested that
landing fees should be charged
to international flights, where
Customs and Immigration
were an expense, but not for
Bahamas-originated traffic.

He added that at the pro-
ject’s marina there should be
an area where foreign boats
would pay for berthing. How-
ever, Bahamian boats and
mail boats should have a des-
ignated area free, they said.

“The proposed use and
guarantees of the airport and
marina ...are sadly lacking in
performance or timeline guar-
antees. There seems to be a
potentially fatal haste to con-
vey and lease before perfor-
mance or other guarantees by
the developers,” Mr Smith
said.

“One would have thought
that the deeding and leasing
would have taken place after a
certain amount of perfor-
mance. An example would be
a three-year lease on the mari-
na site during which time con-
struction would take place.
Upon completion this would
automatically become the 45
years plus 45 years plus 45
years. Not only would this
guarantee performance, but
would prevent ‘flipping’.”

Mr Smith said he also had
concerns regarding the land

being given throughout the

five units Norman’s Cay is
zoned into.

“The 45 acres retained by
the Government should be
increased. to include the land
marked for ‘future develop-
ment’. One must assume that
the party that will do the
future developing will expect a
deed'to this property imme-
diately. Is it the developers?”
Mr Smith asked.

“The Government should
retain the ‘future develop-
ment’ land along with the 45
acres of ‘retained land’, and
be free to sell, develop or oth-
erwise deal with third parties.

“There should be no inter-
ference from the developers,
as suggested in the Agree-
ment, in the development of
the land retained by the Trea-
sury.”

Mr Smith said other ques-
tions involved the developer’s
obligations and responsibili-
ties as it related to the Private
Roads and Subdivisions Act,
pre-sales, the amount of real
property tax which the devel-
oper must pay, as well as the
public access allowed Bahami-
ans, and infrastructure and
utilities.

“It looks like all the devel-
opers have to do is build a
small hotel and pre-sell land?
Instead of specific closings for

' specific properties based on

Former MP urge

performance, they pay $1 mil-
lion and take over the entire
Cay less 45 acres of ‘retained
land’, most of which is useless
land, over which they would

instruct the Government in its

use. This whole section seems
to indicate that the developers
have the right to call the
shots,” Mr Smith said.

Mr Smith said Norman’s
Cay project could be a great
opportunity for the Bahamas
to benefit by bringing in two
respected names in the hotel
and development industry.

He added that his com-
ments were purely to assist the
Government in negotiating a
better deal for the Bahamian
people.

“ Some prudent changes,
along with the Government
retaining an additional 150
acres, could be the difference
between an equitable. devel-
opment on Norman’s Cay or
the possibility of a third party
assignee or assignees taking
over the entire deeded Cay to
the detriment of the country,”
Mr Smith added.

The Scotiabank Rate Booster Deposit

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Your interest rate increases twice during the term of your investment,
30 your money is Guarantced to grow faster! Plus you neve eccess to

g your money at two set dates within the term of your deposit, giving

m@ By CARA
BRENNEN-BETHEL
Tribune Business
Reporter

. A Florida-based marine
conservation group yester-
day urged the Bahamas to
ban the underwater feeding
of sharks following last
week’s tragic death of an
Austrian diver in these
waters..

Bob Dimond, president of
the Marine Safety Group
(MSG), said that shark
feeding tours like the one
that resulted in the death
also pose a threat to island
visitors not involved in
these expeditions.

“It places other shark
enthusiasts at risk - even
those far removed from
feeding sites,” he said.

“Once a shark learns to
associate boat arrivals
and/or people in the water

. with dinner time, those

associations are remem-
bered for a long time and
taken with the shark wher-
ever it may wander - a
recipe for disaster.”

Mr Dimond said that in
2000 a swimmer had half his
leg removed by a shark
while swimming off the

yeu penalty free access to your rnoney. t



. Visit your nearest Scotiabank branch today.




miro] of Tre Bank of Nova Scova

Full Mate Coverage & FREE

cover for chi

ren 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.

Lifetime coverage - Age limit for new
applicants is 74 years. No Medical
Examination requirement.

Cyril Peet

beach at a popular Bahami-
an resort near Freeport,
only a mile from an active
shark feeding site.

“IT often wonder how
many so called ‘ unpro-
voked’ shark attacks, have
been committed by sharks
whose behaviours have
been altered by feeding
dives,” he added. -

“It is time for the
Bahamas to put a stop to
them, as have the Cayman
Islands, Florida and
Hawaii.”

Mr Dimond said such pat-
terns of behaviour had
already been seen.

Site

Randy Jordan, of Emer-
ald Charters, said aggressive
sharks still approach his
boat whenever he pulls up
to a particular dive site,
even though the site has not
been used-for the past six
years. .

The website for Bimini

Under Sea Adventures also
reported that sharks had
been seen swarming boats
at virtually every location
throughout the Bahamas
that has - or still does - con-
duct shark feeding dives.

“with

4 Bahamas urged to
WOU COB as CLs ban shark feeding

Norman’s Cay deal|

Mr Dimond said Dr
Denise Herzing, a marine
animal behavioural special-
ist and assistant professor
at Florida Atlantic Univer-
sity, reported that she and
several of her students had
also been swarmed after
being at a site for years,
simply because a new dive
site had been established
about a mile away .

This is because the sharks
are conditioned to expect
food, Mr Dimond said.

“This is classic condition-
ing of the worst kind, delib-
erately changing the behav-
iour of large predators in
the wild where they are free
to interact with an unsus-
pecting public,” said veteran
marine biologist William
Alevizon.

He said that active shark
feeding sites were scattered
all over the Bahamians, and
no one but the feeders knew
exactly where most of the
sites were located.

MSG is a registered Flori-
da non-profit corporation
focusing on the protection
of coastal and marine
habitats and _ wildlife,
and the people that interact
and use_ these
resources.





CRP rele r ta) ae



Life. Money. Balance both:

FINALLY, AFFORDABLE FAMILY HEALTH INSURANCE !

¢ Access to over 4,000 network hospitals
throughout the USA, The Bahamas,
Caribbean, Latin America and the UK.

Tamara Boyd

Mark Reynolds


PAGE 4B, FRIDAY, MARCH 7, 2008

THE TRIBUNE





‘Concern’ on reputational effects
from Film Studios lease end |

FROM page one

posals from others.”

Mr Bethel, who returned to
the Bahamas yesterday, said: “I
have been made aware of the
Prime Minister’s statement, and
I have to take it under review

and what the implications are
behind the action the Govern-
ment plans to take.

“Until we know exactly what
definitive action the Govern-
ment is taking, we cannot spec-
ulate as to what course of action
we will be doing.”

Mr Bethel added that he and

with my colleagues in terms of

: his Bahamas FilmInvest grou
what action we need to take, : , ErONr

were still committed to con-

University of The West Indies
Alumni Association (UWIAA)

Annual General Meeting 2008
Date: Wednesday 12 March 2008
Venue: UWI House Restaurant
Tourism Training Centre
Thompson Boulevard
Time: 6:30 pm - 7:30 pm
Info email: uwibahalum@yahoo.com

NOTICE

INTERNATIONAL BUSINESS COMPANIES ACT. 2000
No. 45 of 2000

In Voluntary Liquidation

Notice is hereby given that in accordance with Section138
(4) of the International Business Companies Act, (No.
45 of 2000), INTRASEAS LIMITED, is in dissolution.
Continental Liquidators Inc. of 60 Market Square, Belize
City, Belize. All persons having claims against the above-named.
company are required to send their names, addresses and particu-
lars of their debts or claims to the liquidator before 5th April, 2008.

Vor: Contireutal Liquulatoss, Ine.
Liquidator ,



Pooky TUTE A

INVESTOR

SE

40 year-old International Developer/Operator of
Healthcare and extended living facilities seeks
equity partner in additional Florida sites.
Nassau site under consideration.

This is an impeccable family-owned company.
Ideal investor might be the same. History is
12% cash on cash plus major long term
appreciation. Average project is 40mm and
8mm equity. _

This is an opportunity to get into the booming
Florida market as a silent investor. Funds may
be discreet. This company will pass he
absolute highest review.

Principal Representative
at the British Colonial Hotel
CALL ME, SEE ME. MR. KENNETH WESTPHAL
TEL: 302-9000

BIs

Pricing Information As Of:
5 March 2008





Abaco Markets




11.80 11.25 Bahamas Property Fund
19.68 8.50 Bank of Bahamas 9.61
10.99 0.83 Benchmark 0.99
3.74 2.00 Bahamas Waste _ 3.66
2.70 1.26 Fidelity Bank 2.60
13.60 10.03 Cable Bahamas 13.60
3.15 2.10 Colina Holdings 3.14
18.50 4.62 Commonwealth Bank (S1) 7.10
7.22 3.63 Consolidated Water BDRs 3.80
12.60 2.20 Doctor's Hospital 2.46
7.90 5.94 Famguard 7.90
13.01 12.30 Finco 12.92
14.75 13.90 FirstCaribbean 13.90
6.10 5.12 Focol (S) 5.15
1.00 0.54 Freeport Concrete 0.74
18.00 7.20 ICD Utilities 7.25
a 8.60 J. S. Johnson 12.30
A 10.00

Premier Real Estate





Symbol Bid $



Bahamas Supermarkets 14.60
Caribbean Crossings (Pref) 6.00
Q.35

41.00
Bahamas Supermarkets 14.60
0.45

RND Holdings

NA V
1.300059***

“Fund Name
Colina Bond Fund






2.4723 Colina MSI Preferred Fund 2.999402°*"**

1.2647 Colina Money Market Fund 1.381183°"***
3.1424 Fidelity Bahamas G & | Fund 3.7442°°*
11.4467 Fidelity Prime Income Fund 11.9880***
100.0000 CFAL Global Bond Fund 100.00°*
100.0000 CFAL Global Equity Fund 100:00°*

1.0000 CFAL High Grade Bond Fund 1.00°*

ideli 9.6628***

International Investment Fund




= 1,000.00
52wk-Hi - Highest closing price in last 52 weeks

MARKET TERMS




cluding the Bahamas Film Stu-
dios’ purchase.

They currently have a signed
sales agreement in principle
with Ross Fuller, the Bahamas
Film Studios’ chairman and
head of Gold Rock Creek
Enterprises, its immediate hold-
ing company. Mr Fuller is also
chairman of the Studios’ ulti-
mate holding company, Bermu-
da-domiciled Ashby Corpora-
tion.

He indicated that Bahamas
FilmInvest International was
prepared to either consummate
the deal with Mr Fuller, or
negotiate with the Government
should it terminate the lease
and seek proposals from inter-
ested parties in a bid to
obtain the best possible invest-
ment.

Mr Bethel told The Tribune:
“We can very well state that we
are very much interested in the
conclusion of the agreement,
and if the Government does
become the party in the driver’s
seat for negotiations, I’m sure
my group will be prepared to
have discussions with them.”

The Bahamas Film Studios,

which is where a substantial part
of the Pirates of the Caribbean
II and III sequels were filmed,
lie on the 3,500-acre former US
Air Force Missile Base site in
Grand Bahama. The whole site
is Crown Land that is leased
from the Government.

As revealed by The Tribune
on Wednesday, the Govern-
ment’s lease termination plan, if
it follows its intended course
through to fruition, will have
several consequences and reper-
cussions, some potentially good,
some potentially bad.

For starters, it could have a
major negative impact on how
the international film and TV
industry perceives the Bahamas
as a production location, dam-
aging the growing demand and
interest in this nation.

Mr Bethel, who heads the
Montaque Group financial ser-
vices provider, echoed these
concerns, saying: “It does give
me concern in regard to the per-
ception that the stakeholders in
the industry might get in regard
to the Bahamas’ desire to devel-
op a serious film industry.

“But if it’s handled in the

‘Fidelity Over-The-Counter Securities



Colina Over-The-Counter Securities

BISX Listed Mutual Funds




FINDEX: CLOSE 917.23 /YTD -3,65% / 2007 34.47%
YIELD - last 12 month dividends divided by closing price
Bid $ - Buying price of Colina and Fidelity

PROPERTY FOR SALE

Utilities in place, 3 minutes from Airport Lot 3C and
3D for sale (1 acre total) ($550,000 net)
Contact Info; Michael
Tel: 242-394-9396
Cell: 242-422-1522

Email: mturnquest@coralwave.com

NOTICE

NOTICE is hereby given the VANNETTE HOMERE of JOE
FARRINGTON ROAD, P.O. BOX FH-14407, NASSAU,
BAHAMAS, is applying to the Minister responsible for
Nationality and Citizenship, for registration/naturalization as a
citizen of The Bahamas; and that any person who knows any

_ reason why..registration/naturalization should not be granted,
should send a written and signed statement of the facts within
twenty-eight days’ from the 7TH day of MARCH, 2008 to the
Minister responsible for Nationality and Citizenship, PO.Box N
- 7147, Nassau, Bahamas.

NOTICE

INTERNATIONAL .BUSINESS COMPANIES ACT. 2000
No. 45 of 2000

In Voluntary Liquidation

Notice is hereby given that in accordance with Section138 (4)
of the International Business Companies Act, (No. 45 of 2000),
SOUTH ATLANTIC METALS INC., is in dissolution.
Continental Liquidators Inc. is the Liquidator and can be con-
tacted at 60 Market Square, P.O. Box 1906, Belize City, Be-
lize. All persons having claims against the above-named com-
pany are required to send their names, addresses and particulars

of their debts or claims to the liquidator before Sth April, 2008.

Vor: Contureta: Liquulators, Ine.
Liquidator
































1.502 0.400 3.39%

9.61 0.00 0.643 0.160 14.9 2.71%

0.99 0.00 0.188 0.030 5.3 3.03%

3.66 0.00 0.289 0.090 12.7 2.46%

2.60 0.00 0.058 0.040 44.8 1.54%

13.60 0.00 1.030 0.240 13.2 1.76%

3.14 0.00 0.031 0.040 101.3 1.27%

7.11 0.01 35,000 0.428 0.260 16.6 3.66%

3.63 0.17 0.129 0.052 29.4 1.37%

2.46 0.00 0.316 0.020 7.8 0.82%

7.90 0.00 0.713 0.280 11.1 3.57%

12.92 0.00 0.810 0.570 16.0 4.41%

13.98 0.08 15,000 0.914 0.470 15.3 3.36%

5.15 0.00 3,275 0.363 0.140 14.2 2.72%

0.74 0.00 0.035 0.000) =«21.1 0.00%

7.25 0.00 0.411 0.300 17.6 4.14%
12.30 0.00 1.059 0.610 11.6
10.00 0.00 1.167 0.600 8.6

Ask $ Last Price Weekly Vol. EPS $ Div $ P/E

15.60 16.00 1.160 0.900 13.4 6.16%

6.25 6.00 * 0.000 0.480 NM 7.80%

0.40 0.35 -0.023 _ 0.000 N/M 0.00%

43.00 41.00 4.450 2.750 9.0 6.70%

15.60 14.00 1.160 4.125 13.4 7.71%

0.55 0.45 -0.030 0.000 N/M 0.00%








YTD%
0.62%
-0.04%
0.39%
-1.40%
0.46%

Last 12 Months Div $ Yield %
6.15%
15.53%
3.85%
27.72%

5.53%
























NAV KEY



right manner going forward, we
should be able to handle any
damage that may be incurred
as a result of such action being
taken, and any impact for those
productions that are ongoing or
certainly considering use of the
facility in the immediate
future.”

Terminating the Bahamas
Film Studios’ lease would raise
immediate 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

The Tribune understands that
the movie’s production crew
have major concerns about
whether they can use the Grand
Bahama-based facility as a
result of Tribune Business’s arti-
cle on Wednesday. It is likely
that some arrangement would
be worked out to enable them
to continue.

Terminating the lease, while
collapsing the existing Bahamas
FilmInvest deal with Mr Fuller,
might also help the company
close its planned purchase more
quickly, as it would enable Mr
Bethel’s’group to negotiate
solely with the Government and
take Mr Fuller out of the equa-
tion. ’

This is because it would
deprive Mr Fuller of the main
asset he is selling - the very

Bahamas Film Studios project.

Yet given the Government’s
professed desire to entertain
other investment proposals, ter-
minating the lease could also
open up the way for competi-
tion to Mr Bethel’s group from
rival bidders, as they would not
be saddled with the Bahamas
Film Studios’ debts and liabili-
ties.

A lease termination might
also have consequences for the
Bahamas Film Studios’ many
creditors, among them Bahami-
an companies such as Islands
by Design and Phoenix Engi-
neering, who are believed to be
claiming they are owed around
$125,000 and $300,00 respec-
tively for engineering and envi-
ronmental 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, one 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



same lease and rights to the © company.

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) ACADIA OVERSEAS LIMITED is in dissolution under the
provisions of the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 6, 2008
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The liquidator of the said company is Lakeisha Collie of 2nd Terrace
West, Centreville, Nassau, Bahamas. .

(d) All persons having Claims against the above-named Company are) ;:1. required on or before the 3rd day of April, 2008 to send their i 6...) jane:
names and addresses and particulars of their debts or claims to the
Liquidator of the company or, in default thereof, they may be
excluded from the benefit of any distribution made before such
debts are proved.

MARCH 7, 2008

_ LAKEISHA COLLIE

LIQUIDATOR OF THE ABOVE-NAMED COMPANY

Legal Notice
NOTICE

NOTICE IS HEREBY GIVEN as follows:

(a) PANORAMA OVERSEAS LIMITED is in dissolution under the
provisions of the International Business Companies Act 2000.

(b) The Dissolution of said Company commenced on March 5, 2008
when its Articles of Dissolution were submitted and registered by
the Registrar General.

(c) The liquidator of the said company is Lakeisha Collie of 2nd Terrace
West, Centreville, Nassau, Bahamas.

(d) All persons having Claims against the above-named Company are
required on or before the 2nd day of April, 2008 to send their
names and addresses and particulars of their debts or claims to the
Liquidator of the company or, in default thereof, they may be
excluded from the benefit of any distribution made before such
debts are proved.

MARCH 6, 2008

LAKEISHA COLLIE

LIQUIDATOR OF THE ABOVE-NAMED COMPANY



MUST SELL
VACANT PROPERTY

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

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

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

Interested persons should submit
offers in writing addressed to:



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

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



(‘S) - 4-for-1 Stock Split - Effective Date 8/8/2007
(1) - 3-for-1 Stock Split - Effective Date 7/11/2007

19



- Previous day's weighted price for daily volume
Today's Close - Current day's weighted price for daily volume

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

2 CFAL 242-502-7010 7

Ask & - Selling price of Colina and fidelity

Last Price - Last traded over-the-counter price
Weekly Vol
EPS $ - A company’s reported earnings per share for the last 12 mths

- Trading volume of the prior week

NAV - Net Asset Value

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

”



Not Meaningful

FIDELITY 242-356-7764 / FOR MORE DATA & INFORMATION CALL




** - 31. December 2007
*** - 31 January 2008
s+ - 2 January 2008
seeee - 22 February 2008












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

Serious enquiries only


THE TRIBUNE

FRIDAY, MARCH 7, 2008, PAGE 5B



Mii i
CLIENT ACCOUNTANT

FROM page one

ward a Bill with a lot of unanswered questions.”

Dr Deveaux said he had received an apolo-
getic letter from the Bahamian Contractors Asso-
ciation’s (BCA) president on January 24, 2008,
saying that the organisation had received “limit-
ed” feedback on the Bill and needed more time to
collect and compile member responses.

Stephen Wrinkle, the BCA’s president, was
said to be off-island when The Tribune called
for comment yesterday.

However, among the BCA’s suggested amend-
ments to the draft Bill are that only a qualified
licensed contractor be allowed to apply for
required building permits, building inspections
and certificates of occupancy, at all times quoting
their contractor licence number. The only excep-
tion to this, the BCA is suggesting, is for when an
individual is constructing their own private
dwelling.

Other proposed changes include only permit-
ting an individual to act as the general contractor
when constructing their own private home. Oth-
erwise, a contractor whose licence qualifies them
to do the necessary scope of work will be
required.

The Contractors Bill is intended to licence all
Bahamian contractors seeking and contracting
for work with the public, with firms licensed
according to the scope of work they are capable
of - and competent for - doing. In this way, the
legislation is designed to protect consumers from
shoddy workmanship, and also give them a
process through which they can obtain redress.

When it came to the Categories for Registration
(Licensing) of contractors, the BCA recom-

FROM page one

sense. Don’t throw a wrench in

Contractors Bill

mended that the Building Contractor (all levels)
be changed to a General Contractor Level One,
who was capable of constructing buildings with a
maximum of two storeys and employed from one
to 25 persons.

Above that, Level Two contractors were capa-
ble of constructing three-storey buildings and
employed 26-50 persons.

Level Three contractors would be required to
have 51-100 employees, and Prime Contractors
over 100 employees.

All other categories would remain the same, the
BCA arguing that the amendments were war-
ranted by the fact most contractors - both large
and small - viewed themselves as general con-
tractors. By classifying them as such, they would
have the opportunity to move up the contractor
chain easier.

Other BCA proposals included requiring con-
tractors to, at a minimum, have third party liability
insurance based on their licence.

Another suggested change was to have an
Accreditation Committee to help the Contractors
Board establish standards for the industry’s trades
and divisions, and develop licensing exams. By
having Bahamian construction industry standards,
it was felt that it would be easier to ensure foreign
companies that entered the Bahamas legitimate-
ly to undertake major projects would have to
joint venture with Bahamians.

The draft Bill had been handed to some 400
contractors who attended last year’s Contractors
Fair, staged by the Ministry of Works in con-
junction with the BCA, and all that remained
was to obtain the required feedback.

PM’s Baha Mar scepticism

a

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 nye fax together with a

covering letter to:

HUMAN RESOURCES

TELEFAX: (242) 356 9432



INVESTMENT OPPORTUNITY

that potential change of confi-
dence by saying there’s a good
likelihood Baha Mar won’t suc-
ceed.”

Such comments, the Chamber
president said, would cause con-
tractors to pause and think
about whether they should ready
for construction work on Baha
Mar, and impact business deci-
sions about whether to
invest and expand their busi-
nesses.

Mr D’ Aguilar said that if the
Ingraham government har-
boured doubts about Baha

You don’t approve a project and
expect it not to work. I was
stunned to hear that yesterday.

“J just don’t understand why
they’re being so negative about
the deal. My impression is that
the Government has never
shown the enthusiasm about this
project that they have shown
about, say Atlantis.

“T think it was a little bit pre-
mature to start preaching doom
and gloom about the project,
having concluded the agreement
just one month ago.”

The Chamber president said
the Prime Minister’s comments

to everyone Baha Mar has to
deal with. It makes it harder for
Baha Mar to negotiate with the
people they need to get the job
done”.

He explained that when the
developers negotiated with
Bahamian businessmen and con-
tractors, these people would
have in the back of their minds
the seed planted by the Prime
Minister that the project will not
succeed.

Mr D’ Aguilar said he wished
the Prime Minister had been
cautiously optimistic, rather than

pessimistic, on Baha Mar’s

MUST SELL

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

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

’

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

The units are being sold collectively. .

Mar’s ability to find the $400
million in equity funding, meet
the March 2009 deadline and
complete the Cable Beach trans-
formation, it “should not have
approved the deal in the first
place”.

Acknowledging that he was
speaking as “an outsider look-
ing in”, and was not privy to all
the details, plans and financial
information on the project that.....J.
the Government possessed, the

3 Chamberspresidént satd-itWwas) if:

# possible the adiministration may'v

“have good reasons to support its
scepticism.

If this was so, Mr D’Aguilar
said they should make these rea-
sons public. He questioned why
the Government would sign a
supplemental Heads of Agree-
ment for Baha Mar a little over ©
one month ago and then pub-
licly raise doubts over its
prospects of success.

While the Government might
want to manage Bahamian
expectations and ensure the pub-
lic did not get carried away with {
their hopes for Baha Mar, Mr ©
D’Aguilar said of the Prime
Minister’s comments: “I’ve nev-
er heard them express those sen-

timents about any other project. Bahamas.

also “send the wrong message

BAHAMAS,

prospects.

NOTICE

NOTICE is hereby given the LISBONNETTE HOMERE. of
JOE FARRINGTON ROAD, P.O. BOX FH-14407, NASSAU,
is applying to the Minister responsible for

Nationality and Citizenship, for registration/naturalization as a

‘citizen of The Bahamas, and that any person who,knows any
reason why. registratjon/naturalization . should not be granted,
~should.send a.written and signed statement of the facts within
‘twenty-eight -days from the’ 7TH day of MARCH, 2008 to the
Minister responsible for Nationality and Citizenship, PO.Box N
- 7147, Nassau, Bahamas.



NOTICE

NOTICE is hereby given the EMMANUEL FRANCOIS of
746 TWYNAM HEIGHTS, NASSAU, BAHAMAS, is applying
to the Minister responsible for Nationality and Citizenship, -
for registration/naturalization as a citizen of The Bahamas,
and that any person who knows any reason why registration/
naturalization should not be granted, should send a written
and signed statement of the facts within twenty-eight days
from the 7TH day of MARCH, 2008 to the Minister responsible
for Nationality and Citizenship, PO.Box N - 7147, Nassau,

Dundas Centre for Performing Arts @8:00 p.m.
The Department of Culture 326-0147/0152 TICKETS: $30.00





For conditions of the sale and any other
_information, please contact:
The Commercial Credit Collection Unit
at: 356-1685 or 356-1608
Nassau, Bahamas

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

Serious enquiries only

3 SWI

= ) FIDELITY |

An entrepreneurial spirit, original thinking, and a passion to succeed.
If you have it, we want you. -

We are growing!

Fidelity invites applications for the position of:

Manager, Human Resources

HUMAN RESOURCES

Re: Manager, Human Resources
51 Frederick Street

P.O. Box N-4853

Nassau

F: 328.1108

careers@fidelitybahamas.com

[ABSOLUTELY NO PHONE CALLS]



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° Bachelor's Degree in HR Management and/or HR Certification

¢ A minimum of five years experience working as a HR Manager

e Strong leadership skills

e Strong interpersonal oral and written communication skills

e Proficiency in Excel, Word, PowerPoint, Access, Outlook and -

Internet Explorer

The successful candidate will be responsible for:

RESPONSIBILITIES WILL INCLUDE:

e Provide leadership to the HR Department

¢ Develop and administer a range of Human Resources programmes
designed to attract, retain and motivate employees and
management staff

° Oversee employee recruiting and selection, staff planning, personnel
records, salary and benefits administration, pension, insurance
matters, discipline process, etc. ot 4

e Interview prospective employees and conduct background checks

e Set budget for all human resource activities

° Manage Staff Performance Appraisals process and Prepare Staff Job
Descriptions :

¢ Maintain and Update Employee Manual of HR Policies & Procedures

_© Manage Employee/Employer Labour Relations

¢ Organize and manage Succession Plan
© Disseminate information to employees as required

e Provide monthly, quarterly and yearly HR Management Reports

An attractive compensation package, including a
comprehensive range of employee benefits, is
being offered.

Salary range subject to qualifications and experience.
PAGE 6B, FRIDAY, MARCH 7, 2008





RIF

vod
DICKENS'S

















WELL, BUMSTEAD,
ARE YOU READY FOR

AT









I'M RARING TO
TO THE GRIND.




WHOA..-I
FORGOT ABOUT
THAT POORBELL!



KEEP MY NOSE
STONE!






WELL, LLL
BE_.. IT’S
LITTLE ABBEY
SPENCER! HOw
NICE TO SEE
YOU, DEAR!



WOW, THE TABLE \ Don:

SAME HERE,
MRS. DICKENS..-ITS
BEEN A LONG TIME!

T TELL ME I
















COMICS PAGE

UP TO, DENNIS2”












4& Pass 5 &
Opening lead — queen of spades.

Game contracts in minor suits
are comparatively rare. Whenever a
partnership has the high-card
strength to undertake an 11-trick
contract in a minor, they usually can
more easily make nine tricks in
notump or 10 tricks in a major suit.

Here is a typical example.
Although North-South together have
11 clubs, which strongly suggests
that suit as trumps, by far the best
final contract is thre notrump
played by North. ‘Nothing can stop
the nine-trick game, while an 11-
trick club contract is clearly a dan-
gerous undertaking.

Three notrump can quickly be

Contract Bridge
____BySteve Becker
A Challenging Problem

MOM’ THERES A
BIG HORSEFLY
ON THE BACK

IS LOVELY, RUBY— FINALLY
AND JusT LOOK IMPRESSED
ROOD I oy MAGGIE MAGEEPL! | SWiiat ARE YoU “ONLY THREE,SO FAR.”

chances by rejecting the diamond
finesse.. Instead, he should play the
A-K-J of diamonds after drawing
trumps. As it happens, West’s queen
falls and South’s worries are over.
But let’s suppose the queen had
not fallen. In that case, one of two
things will happen when the jack is
next led. If East wins with the queen,
he will be forced to return a heart
into dummy’s A-Q or yield a fatal
tuff-and-discard. If West wins the
third diamond — which means the
finesse would have failed if
attempted — declarer still has the
heart finesse to fall back on.
Refusing the diamond finesse,
therefore, offers an extra chance to
make the contract — i.e., if West has



THE TRIBUNE






















ANOTHER YEAR | i South dealer. three clubs. With a stopper in both
g East-West vulnerable. majors, North could then securely ae
: ‘ NORTH bid three notrump.
K8 Careful play produces 11 tricks at :
x VAQ clubs. The spade queen is covered by FRIDAY, ‘
j 863 the king and ace, and East’s spade MAR 7
; ie 97542 i retum is ruffed. After drawing a
i AST round of trumps, South must now ARIUS - Jan 21/Feb 18
3 #Q5953 #A 10742 determine the best line of play. AQU . mt
: ne OF play Your schedule this week seems
Â¥109532 VKI He observes that if either a heart idi i
= . ‘ : ridiculous. You feel there will be no
3 Q2 #109754 finesse or a diamond finesse suc- way to get it all done, Aquarius.
§ 6 Cy ceeds, the contract is made. The odds Somehow you’ll summon the power
SOUTH that one or both finesses will succeed of an army and push through
a6 are 3-to-1 in his favor. (In the actual y :
Â¥8764 case, though, both finesses would PISCES - F eb 19/Mar : 20
. AKJ fail, and declarer would go down nae of mete Dae sou
1 AJ1083 one. can’t keep, since this week you are
Tees ee ale a i I'D LUKE TO THINK The bidding: However, it would be wrong to overly optimistic, Pisces. Don’t com-
Race THe ae of N THERE ARE DOGS South West North East take both finesses despite the favor- | mit until April arrives.
ON OTHER PLANETS 1& Pass 3 Pass able odds. South can improve on his ARIES — Mar 21/Apr 20

Be careful of what you are ‘doing
Aries. You could send an e-mail to the
wrong person or leave a sensitive doc-
ument in thé copier. Stay on your toes
most of this week.

TAURUS — Apr 21/May 21

Keep track of your finances, Taurus,
It’s easy to let a bill slide by, other-
wise. You don’t want to mar your

‘ financial record with a foolish mis-

take, like sending out a payment late.

GEMINI - May 22/Jun 21 -
It will be difficult to schedule meet-
ings these days, Gemini. Everyone
Keeps switching the date, and find-
ing an acceptable time is turning into
a fiasco. Keep your patience.

CANCER - Jun 22/Jul 22






te reached if South, trying to avoid the’ the doubleton queen — but can never :
re ee club game, bids three diamonds over _ cause declarer to lose it. ae oe ae Ieee
WILL DIE will require more time and, most




AKPPY likely, more money. You may want

to jump ship.

LEO - Jul 23/Aug 23

' é The next week is not ideal for ven-
turing into new territory, but you can
shore up projects you have already
started. These projects. may be rela-



GOCOMCS.COM ( WONSeQITIZ



The
Target
uses -
words in

Ww the main tionships as well.
. »o DV of
TIGER body of BE 2088 VIRGO - Aug 24/Sept 22
. of Chambers Se2.o38qs This isn’t the ti for d tic deci
21st BOSARSS veut ue a one ci-
wa Century HYogte sions. You could end up with home
AY FAVORITE YOU CANT visit Dictionary 258 gSa8ey renovations that border on weird. Wait _
UNCLE IS IN INTHE HOSPITAL tie Bopdh yrs some time before heading to the home
. i 2 ‘ : ;
TILL You'ge HOW-inany works stea nities Z 5 3328 g B3y center or choosing paint swatches.
; pe, 8a 2 =
TV LIKE TO TWELVE or more can you make from the peso. g5o LIBRA - Sept 23/Oct 23
‘letters shown here?*In makin SEBO agved This week, you will be delighted to
g DOSLALG y &
a word, each letter may be used 4 = 3 Shag 3 bump into old friends. Take the time
ence ob Each must contain the. Eee cceze, | catch up on past history, and
at least one nine-letter word. us 4 eee 58 resolve to keep in touch more, Libra.
a foanpss

No plurals

TODAY'S TARGET .

Good 18; very good 27; excellent

36.(or more). Solution tomorrow.

You prefer play to work anyway.

SCORPIO - Oct 24/Nov 22

If you’ve been scatterbrained, things
will all come into focus this week,
Scorpio. You could find that lost
watch or set of keys. Otkers will
notice your regained conceniratioi.

SAGITTARIUS — Noy 23/Dec 21





af aa













ey Pa 5 Things are not working according
12 : os
one be 2 ta . DOWN Banas Rava |_| |_| to your ieee ee .
9 Ina while, is again so annoying (8) 1 In airplane, submarine - everywhere Z| Sine i | La | F you are ne rated. aa 1 x
10. Figure inordinately in the speech (3) (43,3) word ue ia : fo edule rather
11 Thought otherwise when | took over (6 id- i ‘ 2
12 Aminr atk (6) re wore ueenene = i ae CAPRICORN - Dec 22/Jan 20
ipa 20 21] jee | carbohydrates | ohydrates You can finally catch up on all those
8 hs ett the heartless burglar is 4 Teasing, rib an Irishman about having GES | | zB | & x. 5 chores you promised to get to,
eee j ‘ : apricorn. Even though the thought
: a foreigner (7) 26 ee Sugars, starches Capricorn. Even thoug e thoug
14 Duck is dear (4) 5 The garden table's not at all important ele te) eta: (2 ES aos ate rts isn’t appealing, you know that it can’t
asing's taken good-humouredly : : E 5 | y 3 a a be all fun and no work
15 How teasing’s ta (3,385) 3 Cg Tt gs) .




when playing “The Saint"? (2,4,4)
17 Arevelation, from the aspect of the
estate agent (8) “boldness” (10)
18 The late swing to the lefl made a 7 Supports — is a' follower of (6)
difference (7) 8 Have a word with your mirror image? (8)

source



6 There's a printer's error in: double E in

re ee
a ee”
Sel soe Peo

aE
1 E











‘CHESS by Leonard Barden !






19. Transport back at ten to one (4) 10 Reel - it's a dance (5)
2" Of course | have to have a key to get in (6) 16 Lean too far - onthe side of Keti Arakhamia-Grant v Pia Nats
21 Having no real justification for being generosity? (7) Cramling, MonRoi Grand Prix, ‘ fz
mad (7,4,6) 20 Ready to, more or less (5) Montreal 2007. It was an unusual ° |
27 Nip the dog, perhaps, gave the little 22 For a couple on the Andes, missing, an competition, financed by a 7|
darling (6) awful gloom (7) company which is trying to |
i ich i i opularise a new electronic device °
29 Prevails upon to, which is annoying (4) 23 Coaches and a lorry wanting to get in fouieording ae aac | |
30 Called in a time back to put in an order (7) on the act! (11) ACROSS DOWN 0 ' f 5}
i , ; 9 Strap worn in a car (4,4) 1 Molotov cocktail (6,4) Qualifiers for the Grand Prix final | |
33 With the brave, lose some of one’s ohn jolotov k . al
; 25 Generally speaking, it's when to mend 10 Snow runner (3) 2. Male deer (4) - had not only to make high scores |
: oe Ant a breach (2,3,5) : 4 pears ie 3. Tall thin person (8) ina qualifying event but alsoto | |
re : 7 ‘ ° e
are 26 Might possibly being caught in an awtul BB Gather together (5,2) 4 Everlasting (7) undertake to write down their
interesting to children (10) Lu : i 5 Third molar (6,5) susing the new technique, 2! a |
2 14. Fibs (4) 5 cia a ‘ move g q
36 Really good in colour (4) ae Deore ae) x 15. Body of voters (10) 2 ae M18) Three-time British woman i| | 1A
37 In present case, it's vegetation (7) 28 Eon notice, though you do have a N 17 Conjuror (8) ; Tare (8) champion Arakhamia-Grant L eS ; =
38 Allinvolved suppressed the frenzied view of (8) = 18 Frets(7) | looked like taking the top cash
i i a. 19 Bushy hairstyle (4) 10 Ketchup, say (5) : oe
killing (6) 31 Lacking support, is uneasy (8) 21 Metallic element (6) 16 Pirate (7) and jewellery award when she was a sufficient defence. So she chose
40 Entrance is top of the alley, to the left (6) 32, Real activity by daybreak? So early? (7) > 24 Type of chocolate cake 20 Gives food to (5) reached this position against the 1Bxe5, soon lost her advantage, and
41 Signal with the rod (3) 34 Sends back yours truly inte nrison! (6) ¢ (5,6,8) 22 Invents (7) number one seed from Sweden. went down to defeat. | est
42. Very Gallic to go back into action, 35 Cross when | scold (5) ui 5; ee i. 23 Rivalry (11) ee nate AG ; io ee 0
ion i i mm ai
having taken French leave! (8) 39 Unable to decide if it's damaged (4) 30 Protective care (7) 25 Percussion instrument oard, but White coulc :1ot wor erasa Wn a

puzzle she would have found the nght

idea quickly. Can you do better, and

spot White's win after 1 Rg3 d6?
LEONARD BARDEN

(10) out a clear win. The obvious play
26 Comprehend (10) is 1 Rg3 swinging the rook over to
28 Risky (8) menace the black king, but our
31 Move in waves (8) champion concluded that 1 Rg3 d6
32 Disciple (7)
34 Alter (6)
35 Stage whisper (5)
39 Without heat (4)

33 Jewellery item (8)

35 Popular houseplant (10)
36 Jumping insect (4)

37 Delays or holds back (7)
38 Find (8)

40 Martial art (4,2)

41 Single number (3)

42 Much less (3,5)

CRYPTIC SOLUTIONS
ACROSS: 4, Change 7, Reproach 8, Ocelot 10, Avian 13, Draw 14, Tell 15, Beer 16,
Net 17, Tall 19, Amid 21, Masterful 23, Harp 24, Toes 26, Ton 27, Even 29, Iris

32, Acid 33, Scope 34, Debits 35, Idleness 36, Attest

DOWN: 1, Treat 2, Spoil 3, Com 4, Chore 5, Anew 6, Groped 9, Carafe 11, Vet 12,
Altar 13, Deleted 15, Bit 16, Nil 18, Aspect 20, Music 21, Man 22, Ron 23, Hanest
25, Tip 28, Visit 30, Rower 31, Sense 32, Aide 33, Stew

ee

ODOZHHODO

EASY SOLUTIONS

ACHOSS: 4, Did-dle 7, Alter you 8, Barrow 10, C-he-ap 13, W-Al-t 14, Hill 15,
Fa-l-r 18, LID 17, Olaf 19, Gain 21, Foot fault 23, To-ff 24, Line 26, TA-X 27,
Then 29, Chap 32, Peas 33, Skate 34, Plea-DS 35, Tyne-side 36, Friday

80-20-40 J1va
DOWN: 1, C-atch 2, Steel 3, Grip 4, D-U-bai 5, D-art 6, Look in 9, Airgun 11, Hit : !
12, Aloof 13, Wa-f-les 15, Fat 16, L-it 18, L-oft-ed 20, Alec-K 21, Fox 22, Ain Be Ne: tf eee = ms

29, Taller 25, Mat 28, Hasty 30, Hab-I-t 31, Pater (Pan) 32, P-aid 33, Sren Qg6+! Nxg6 5 fxq6 mate.



A
oe ee a eee

Bin

230

Wo

THE TRIBUNE




Surplus of fixes for



mortgage crisis can't
make up for shortage

of banks’ desire to lend

@ WASHINGTON
Associated Press

FEVERED talk in the capital of possible
government fixes for the mortgage crisis belies
an inconvenient truth of the credit market:
banks simply are not eager to lend money.

Congress and the government may have a
limited capacity to ease the crisis because it
has gotten too advanced, experts say.

The latest signpost: Even a relatively modest
legislative proposal to tighten the governmen-
t's reins on mortgage finance companies Fannie
Mae and Freddie Mac won't be coming togeth-
er soon in the Senate Banking Committee, its
chairman Sen. Christopher Dodd said Thurs-
day.

Even with the Federal Reserve cutting a key
interest rate five times in recent months, banks
have been retrenching on lending. Many have
suffered billions of dollars in losses from sub-
prime mortgage securities that have sucked
their capital dry.

On a retail level, 55 percent of U.S. banks
recently reported tightening their lending stan-
dards for mortgages to creditworthy borrowers,
not those with tarnished credit histories con-
‘sidered high risk.

Distress in the credit markets rippled fur-
ther Thursday when Alabama's most popu-
lous county teetered toward becoming the
nation's largest municipal bankruptcy. Two
major financial companies said they received
default notices from banks nervously looking
for loan payments.

"This is just not going to be solved today,’
said John Silvia, chief economist at Wachovia

» Corp. in Charlotte, N.C., and a former chief

economist of the Senate Banking Committee.
"A lot of banks just don't have the money
right now'"' to lend.

One possible source of cash: a trade-off
worked into legislation to more tightly regulate
Fannie and Freddie.

The legislation would not only give a regu-
lator expanded authority over the two, but also

. Make permanent the temporary increases in

the limits on the size of mortgages the govern-

ra

ment-sponsored companies can buy or guar-
antee. ;

As the Senate Banking Committee debated
Thursday, rumors gripped WallStreet that the
government would promise to support Fannie
and Freddie if their finances continued to with-
er.
The Treasury Department denied the mar-
ket-moving rumors, but doomsday scenarios
continued to swirl around the markets and
Capitol Hill.

Shares of both companies hit 52-week lows.
Fannie shares dropped 8.1 percent to $22.30 in
midday trading after the rumor was denied
while Freddie stock fell 7.2 percent to $20.08.

Congress and the administration already
have an economic stimulus package, which
includes the temporary mortgage-limit increas-
es for Fannie and Freddie and the Federal
Housing Administration, under their belt. But
a second "housing stimulus'' package unraveled
in partisan bickering in the Senate last week.

Proposals

Several proposals are on the table — including
having the government buy up distressed mort-
gages and foreclosed properties, and allowing
homeowners who owe more than their homes
are worth to refinance into government-backed
loans.

But banks need more than tabled talk to
regain confidence.

"It seems some higher force is going to have
to get the meeting of the minds together,'' said

-Michael Strauss, managing director and senior

economist of Commonfund in Wilton,
Conn.

That force could be the Federal Reserve.

Fed Chairman Ben Bernanke this week
urged banks and other mortgage lenders to
trim the amounts of mortgages for distressed
homeowners.

Yet he acknowledged that even with some
relief efforts already undertaken by the gov-
ernment and the banking industry, mortgage
foreclosures and delinquencies are likely to
continue to rise for a while yet.

Important

Notice.

cause.
unavailable:

e ABM
e VISA transactions via ABM

this necessary maintenance.



www.firstcaribbeanbank.com

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 this may

During this period, the following services will be

¢ Internet and Telephone banking

Please plan your weekend finances to cater for













FIRSTCARIBBEAN

INTERNATIONAL BANK

e



GET THERE. TOGETHER.

BUSINESS

i earnings,
i because the Bahamas is
: effectively a services and
: tourism exporter, the WITC

: forecast that tourism would
: account for 60.4 per cent of -
: export earnings in 2008.

? When it came to demon-.
: strating just how reliant the

FROM page one

The Bahamas was expect-

: ed to maintain this ranking
i over the next decade to
: 2018, by when 24.6 per cent -
: almost one in every four
: Bahamian workers - would
: be directly employed in
i tourism.

For 2008, the WITC fore-

i cast that the Bahamian
: tourism economy was set to
i grow by 3.5 per cent in real
i gross domestic product
: (GDP) terms, compared to a
: 2.7 per cent average per
i annum growth rate predict-
; ed for the next 10 years.

The Bahamian travel and

: tourism industry was fore-
i cast to account for 50.8 per
i cent of Bahamian GDP in
: 2008, amounting to $3.528
: billion of economic activity.

Both these figures were

i forecast to grow over. the
i next decade, so that by 2018
: travel and tourism would
: account for 51.6 per cent of
: Bahamian GDP or $5.907
: billion worth of economic
? activity.

When it came to export
so - Classified



(AMENDMENT) .

Tourism
generating
one in every

1.6 jobs |



Bahamian economy is on
_ tourism, and its direct and
indirect offshoots,. the
WTTC report found that the
Bahamas was the seventh
most reliant on the travel
and tourism sector’s GDP
impact, standing at 50.8 per
cent. By 2018, though, this
nation was forecast to drop
to ninth in this category.
This nation was also sev-




enth when it came to the
tourism industry’s direct
GDP economic impact, the
WTTC finding that in 2008 it
would account for 16.8 per.
cent of total Bahamian
GDP.

However, by 2018 this
nation would drop out of the
world’s 10 most reliant
nations on the direct GDP
impact from tourism.

Feuding Port owners
ordered into mediations

FROM page one

GBPA ownership structure and persuade them to drop litigation
over his claim to 75 per cent ownership, provided that the estate
agrees to sell its shares to Fleming.

Yesterday’s developments, apart from throwing a temporary -
at least - spanner into the works of Fleming’s plans, may also
relieve the pressure that some felt was starting to build on the Si
George estate and Mr Smith to settle.

NOTICE

NOTICE is hereby given the REVELYN DORVILUS of 3390 |
NW 30th ST. #2, LAUDERDALE LAKES, FL. 33311, UNITED |}
STATES OF AMERICA, 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 7TH. day of MARCH, 2008 to the
Minister responsible for Nationality and Citizenship, P.O.Box

N - 7147, Nassau, Bahamas.

MINISTRY OF LANDS & LOCAL GOVERNMENT
THE PRICE CONTROL ACT, 1971

CHAPTER 339



as PRICE CONTROL (GASOLINE & DIESEL OIL)
* REGULATIONS, 2002

The public is advised that prices as shown in the Schedule for LEAD FREE
GASOLINE and DIESEL OIL sold by TEXACO BAHAMAS LIMITED will become !
effective on Friday, March 7th, 2008,










j




PART C













SCHEDULE



MAXIMUM =f

















| MAXIMUM WHOLESALE SELLING
| |_____ PRICE PER U.S, GALLON RETAIL
. SELLING PRICE |
PLACE | ARTICLE MAXIMUM MAXIMUM | PERUS. | f
SUPPLIERS’ | DISTRIBUTORS'} GALLON sf
PRICE PRICE |
_ - L s Sin] $n
PART A |
NEW INCLUDING SEA FREIGHT | |
PROVIDENCE |
TEXACO | LEAD FREE 44) 4,4} 4.85
BAHAMAS LTD. | |
| DIESEL OIL 437 4:37 4.56 i |
;

GRAND BAHAMA INCLUDING SEA FREIGHT | |
_(NOT FREEPORT) |
| | TEXACO | LEAD FREE 431 49 | 491
| BAHAMASLTD. :
DIESEL OIL | 425 4.41 | 4.60
|
|
5 wa ent “ cence Gl
|PARTD tie, 1
| ABACO, ANDROS | NOT INCLUDING SEA FREIGHT | |
| ELEUTHERA 7
|
| TEXACO LEAD FREE 4.4] 4.64 5.03
| BAHAMAS LTD. | |
DIESEL OL 4,38 | 4.54 | 4B
PARTE | | | !
ALL OTHER | NOT INCLUDING SEA FREIGH? |
FAMILY ISLANDS | |
TEXACO “LEAD FREE | 4.42 6 5.06
BAHAMASLTD. | i
(DIESEL OIL 4.39 54 | 4.74
! L



}

smitenrremmverencencenanctbannrenecnammnnennnennsinntinettit



HARRISON THOMPSON
PERMANENT SECRETARY
PAGE 8B, FRIDAY, MARCH 7, 2008



THURSDAY EVENING MARCH 6, 2008

% ‘| 7:30 | 8:00
NETWORK Ea eS

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WPBT |South Florida Placido Domingo, Luciano Pavarotti end Jose Carreras mark the close of |(CC)
1990's World Cup with music amid moonlit Roman ruins.

The Insider (N) |Survivor: Micronesia - Fans vs. |CSI: Crime Scene Investigation Without a Trace A student vanishes
oO WFOR |n (CC) Favorites “He's a Ball of Goo!” (N) | ‘You Kill Me” Hodges ae hypo- jafter making provocative statements
0 (CC) thetical murders. (6c) (DVS) during a discussion.

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GWT VIJ |wood (ny) ra loan from his employees. (CC) /By Numbers” Each team must dis- |covers that her work has been
olay and sell artwork. (N) stolen. (N) (CC)

Deco Drive American Idol Four “nee are |New Amsterdam “Golden Boy’A |News (N) (CC)
WSVN eliminated. (Live) \ (CC) ae se at a private school. (N)

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® WPLG icc) periences unexpected side effects. | visitor, who orders her to stop Char- |ciation tries to determine Eli's fitness
to practice law. (N) (CC)



































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CNN figs En ,

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new girlfriend |With Jon Stew- |port (CC) wakes up inthe {Wealthy people |Friends Forever’

does not laugh. art (CC) year 3000. (CC) |invade. (CC (CC)

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thema Off Depth ; thema German)

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FOX-NC [iipSnin [OO













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~ {her butler, Bernard Lafferty. © ‘NR’ (CC) critical decision. |rejecting Jake. lead. 1 ( C|

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Celebi Rehab With Dr. Drew





/HBO-P |THEINTER- {David Morse. A troubled youth suspects his neighbor is iconic boxer's Ife and career. 1 (CC)
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| Ga * x NIGHT AT THE MU- | x x» JUST FRIENDS (2005, Romance-Comedy) Hy BERNARD AND DORIS

| HBO-W _ |SEUM (2006, Fantasy) Ben Stiler, )Ryan Reynolds, Amy Smart. A music executive tres to |(2008, Docudrama) Susan Saran-

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(st) * x THE|In Treatment —_|In Treatment So-| x % % % PAN’S LABYRINTH (2006, Fantasy) Sergi Lopez, Maribel
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| ‘NR’ (CC) ive” (CC) anger. M (CC) |(Subtitled-English) 0 'R’ (CC)

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| en * & TUR- : 5) %% JUST MY LUCK (2006, Ronance-Comedy) Lindsay Lohan, | x & * JARHEAD (2005) Jake Gyl- |
| MAX-E __|ISTAS (2006) Chris Pine, Samaire Armstrong. A charmed woman suffers a reversal of |lenhaal. Marines band together dur-
Josh Duhamel. fortune. 1 ‘PG-13' (CC) ing the Gulf War. 0 ‘R’ ioc}

Coed Confiden- |
tial 0 (CC)














x THE RETURN (2006, Suspense) Sarah Michelle | ¥- *» IDIOCRACY (2006, Comedy) Luke Wilson,
/MOMAX (Gellar. A jong woman has visions of the murder of a |aya Rudolph, Dax Shepard. A man awakens 1,000
| woman she has never met. © ‘PG-13' (CC) y2ars in the future. © ‘R’ (CC)

(:35) & x EMPLOYEE OF THE MONTH (2006, Comedy) Dane Cook, | * % CRANK (2006, Action) Jason Statham, Amy
| SHOW Jessica Simpson, Dax Shepard. iTV. Two store clerks vie fora coveted /Smart. iTV. A poisoned man scurries to find an antidote,
award. 1 ‘PG-13' (CC) within the hour. © ‘R’ (CC)

pe x [4%% HARD CANDY (2006, Drama) Patrick Wilson, Ellen Page, Sandra | * & THE HAND THAT ROCKS |
TMC KEELAH AND Oh. A 14-year-old girl looks to punish @ suspected pedophile. 1 'R’ (CC) |THE CRADLE (1992) Annabella
THE BEE (2006) Sciorra. Premiere. ( ‘R’ (CC)













(:00) Law & Or- |Law & Order: peal Victims Unit|Law & Order: Special Victims Unit|Law & Order: Special Victims Unit
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tent © (CC) __|trail of a pedophile. (CC) up to probe a murder. 0

iMovie



THE TRIBUNE



‘Let Charlie the ney
Bahamian Puppet and lar
his sidekick Derek put

some smiles on your

~ kids’s faces.

Bring your children to the
McHappy Hour at McDonald’s in
Palmdale every Thursday

from 3:30pm to 4:30pm during the
month of March 2008.

Enjoy Great Food, Prizes and Lots of Fun

hh

i'm lovin’ it

gle

‘Gift Certificates
make great gifts!g





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